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<SEC-DOCUMENT>0001140361-07-023240.txt : 20071203
<SEC-HEADER>0001140361-07-023240.hdr.sgml : 20071203
<ACCEPTANCE-DATETIME>20071203090247
ACCESSION NUMBER:		0001140361-07-023240
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20071130
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20071203
DATE AS OF CHANGE:		20071203

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RICKS CABARET INTERNATIONAL INC
		CENTRAL INDEX KEY:			0000935419
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING & DRINKING PLACES [5810]
		IRS NUMBER:				760037324
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13992
		FILM NUMBER:		071279331

	BUSINESS ADDRESS:	
		STREET 1:		10959 CUTTEN ROAD
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77066
		BUSINESS PHONE:		2813976730

	MAIL ADDRESS:	
		STREET 1:		10959 CUTTEN ROAD
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77066
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>RICK'S CABARET 8-K 11-30-2007
<TEXT>
<html>

  <head>
    <title>form8k.htm</title>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman;">Securities
      and Exchange Commission</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Washington,
      D.C. 20549</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;">FORM
      8-K</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Current
      Report</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pursuant
      To Section 13 or 15(d) Of</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      Securities Exchange Act of 1934</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Date
      of
      Report:&#160;&#160;November 30, 2007</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman;">RICK'S
      CABARET INTERNATIONAL, INC.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Exact&#160;&#160;Name&#160;&#160;of&#160;&#160;Registrant&#160;&#160;As&#160;&#160;Specified&#160;&#160;in&#160;&#160;Its&#160;&#160;Charter)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Texas</font></div>
            </td>
            <td valign="top" width="34%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">0-26958</font></div>
            </td>
            <td valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">76-0037324</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(State
                Or Other Jurisdiction&#160;&#160;of Incorporation)</font></div>
            </td>
            <td valign="top" width="34%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(Commission
                File Number)</font></div>
            </td>
            <td valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(IRS
                Employer Identification No.)</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">10959
      Cutten Road</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Houston,
      Texas 77066</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Address
      Of Principal Executive Offices, Including Zip Code)</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(281)
      397-6730</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Registrant's&#160;&#160;Telephone&#160;&#160;Number,&#160;&#160;Including&#160;&#160;Area&#160;&#160;Code)</font></div>
    <div>&#160;</div>
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      <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
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        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ITEM
      2.01<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>COMPLETION
      OF ACQUISITION OF ASSETS.</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">On
      November 30, 2007, we entered into a Stock Purchase Agreement for the
      acquisition of 100% of the issued and outstanding common stock of Stellar
      Management Corporation, a Florida corporation (the &#8220;Stellar Stock&#8221;) and 100% of
      the issued and outstanding common stock of Miami Square Garden One, Inc., a
      Florida corporation (the &#8220;MGSO Stock&#8221;) which owns and operates an adult
      entertainment cabaret known as &#8220;Tootsies Cabaret&#8221; (&#8220;Tootsies&#8221;) located at 150 NW
      183<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>rd</sup></font> Street,
      Miami Gardens, Florida&#160;&#160;33169 (the &#8220;Transaction&#8221;).&#160;&#160;Pursuant
      to the Stock Purchase Agreement, we acquired the Stellar Stock and the MGSO
      Stock from Norman Hickmore (&#8220;Hickmore&#8221;) and Richard Stanton (&#8220;Stanton&#8221;) for a
      total purchase price of $25,000,000 payable $15,000,000 in cash and payable
      $10,000,000 pursuant to two Secured Promissory Notes in the amount of $5,000,000
      each to Stanton and Hickmore (the &#8220;Notes&#8221;).&#160;&#160;As part of the
      Transaction, Hickmore and Stanton entered into five-year covenants not to
      compete with us.&#160;&#160;Additionally, as part of the Transaction, we entered
      into Assignment to Lease Agreements with the landlord for the property where
      Tootsies is located.&#160;&#160;The underlying Lease Agreements for the property
      provide for an original lease term through June 30, 2014, with two option
      periods which give us the right to lease the property through June 30,
      2034.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      terms
      and conditions of the transaction were the result of extensive arm&#8217;s length
      negotiations between the parties.&#160;&#160;A copy of the press release related
      to this transaction is attached hereto as Exhibit 99.1.</font></div>
    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ITEM
      2.03<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>CREATION
      OF A DIRECT FINANCIAL OBLIGATION.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">We
      paid a
      total purchase price of $25,000,000 for the Stellar Stock and MGSO Stock,
      payable $15,000,000 in cash at closing and $10,000,000 payable in a series
      of
      three year Secured Promissory Notes, $5,000,000 each, to Stanton and
      Hickmore.&#160;&#160;The Notes will bear interest at the rate of 14% per annum
      with the principal payable in one lump sum payment on November 30,
      2010.&#160;&#160;Interest on the Notes will be payable monthly, in arrears, with
      the first payment being due thirty (30) days after the closing of the
      Transaction.&#160;&#160;We cannot pre-pay the Notes during the first twelve (12)
      months; thereafter, we may prepay the Notes, in whole or in part, provided
      that
      (i) any prepayment by us from December 1, 2008 through November 30, 2009, shall
      be paid at a rate of 110% of the original principal amount and (ii) any
      prepayment by us after November 30, 2009, may be prepaid without penalty at
      a
      rate of 100% of the original principal amount.&#160;&#160;The Notes are secured
      by the Stellar Stock and MGSO Stock under a Pledge and Security
      Agreement.</font></div>
    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ITEM
      9.01<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>FINANCIAL
      STATEMENTS AND EXHIBITS</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      financial statements and pro forma financial information required by Items
      9.01(a) and 9.01(b) are not available.&#160;&#160;Such financial statements will
      be filed no later than February 13, 2008.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Exhibits</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 72pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Exhibit</u></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Description</u></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div align="center">
      <table border="0" cellpadding="0" cellspacing="0" width="100%">

          <tr valign="top" bgcolor="#cceeff">
            <td style="WIDTH: 72pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><a href="ex10_1.htm">10.1</a></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Stock
                Purchase Agreement dated November 30,
                2007</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 72pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><a href="ex10_2.htm">10.2</a></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Secured
                Promissory Note (Form of) dated November 30,
                2007</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div align="center">
      <table border="0" cellpadding="0" cellspacing="0" width="100%">

          <tr valign="top" bgcolor="#cceeff">
            <td style="WIDTH: 72pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><a href="ex10_3.htm">10.3</a></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Pledge
                and Security Agreement dated November 30,
                2007</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 72pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><a href="ex10_4.htm">10.4</a></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Non-Compete
                Agreement (Form of) dated November 30,
                2007</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div align="center">
      <table border="0" cellpadding="0" cellspacing="0" width="100%">

          <tr valign="top" bgcolor="#cceeff">
            <td style="WIDTH: 72pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><a href="ex99_1.htm">99.1</a></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Press
                release dated December 3, 2007</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">SIGNATURES</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report on Form 8-K to be signed on its behalf by the
      undersigned hereunto duly authorized.</font></div>
    <div>&#160;</div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" colspan="2" valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">RICK'S
              CABARET INTERNATIONAL, INC.</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Date:&#160;&#160;&#160;December
              3, 2007</font></td>
            <td align="left" valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="47%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="3%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">/s/</font></div>
            </td>
            <td align="left" valign="top" width="47%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Eric
                Langan</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:
                </font></div>
            </td>
            <td align="left" valign="top" width="47%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Eric
                Langan</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="47%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">President/Chief
                Executive Officer</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>&#160;</div>
    <div>
      <hr style="COLOR: black" align="left" noshade size="2" width="100%">
    </div>
  </body>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10_1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<html>

  <head>
    <title>ex10_1.htm</title>
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    <div>
      <hr style="COLOR: black" align="left" noshade size="4" width="100%">
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Exhibit
      10.1</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>[EXECUTION
      VERSION]</strong></font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>STOCK
      PURCHASE AGREEMENT</u></strong></font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
      Stock Purchase Agreement (the &#8220;Agreement&#8221;) is made and entered into this 30th
      day of November, 2007, by and among Miami Gardens Square One, Inc., a Florida
      corporation (the &#8220;Company&#8221;), Stellar Management Corporation, a Florida
      corporation&#160;&#160;(&#8220;Stellar&#8221;), Richard Stanton (&#8220;Stanton&#8221;) and Norman
      Hickmore (&#8220;Hickmore&#8221;) (Stanton and Hickmore are referred to collectively herein
      as the &#8220;Sellers&#8221;), and Rick&#8217;s Cabaret International, Inc., a Texas corporation
      (the &#8220;Purchaser&#8221; or &#8220;Rick&#8217;s&#8221;).</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>WHEREAS</strong>,
      Stanton (i) owns 999 shares of common stock, $0.01 par value of the Company,
      which shares represent 49.95% of all of the shares of common stock of the
      Company presently outstanding and (ii) owns 50 shares of common stock, $0.01
      par
      value of Stellar, which shares represent 50% of all of the shares of common
      stock of Stellar presently outstanding; and</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>WHEREAS</strong>,
      Hickmore (i) owns 1001 shares of common stock, $0.01 par value of the Company,
      which shares represent 50.05% of the shares of common stock of the Company
      presently outstanding and (ii) owns 50 shares of common stock, $0.01 par value
      of Stellar, which shares represent 50% of all of the shares of common stock
      of
      Stellar presently outstanding; and</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>WHEREAS</strong>,
      the shares of common stock owned by Stanton and by Hickmore represent 100%
      of
      the shares of common stock of the Company and are hereinafter collectively
      referred to as the &#8220;Shares&#8221;; and</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>WHEREAS,
      </strong>the shares of common stock owned by Stanton and by Hickmore represent
      100% of the shares of common stock of Stellar and are hereinafter collectively
      referred to as the &#8220;Stellar Shares&#8221;; and</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>WHEREAS</strong>,
      the Company owns and operates an adult entertainment cabaret known as &#8220;Tootsie&#8217;s
      Cabaret&#8221; (&#8220;Tootsie&#8217;s&#8221;) located at 150 NW 183<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>rd</sup></font> Street,
      Miami
      Gardens, Florida&#160;&#160;33169 (the &#8220;Premises&#8221;); and</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>WHEREAS</strong>,
      the acquisition of 100% of the Shares of the Company and 100% of the Stellar
      Shares by the Purchaser shall sometimes be referred to herein as the
&#8220;Acquisition&#8221;; and</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>WHEREAS</strong>,
      the Sellers desire to sell the Shares of the Company and the Stellar Shares
      to
      Purchaser on the terms and conditions set forth herein; and</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>WHEREAS</strong>,
      Purchaser desires to purchase the Shares of the Company and the Stellar Shares
      from Sellers on the terms and conditions set forth herein.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>NOW,
      THEREFORE</strong>, in consideration of the premises, the mutual covenants and
      agreements and the respective representations and warranties herein contained,
      and on the terms and subject to the conditions herein set forth, the parties
      hereto, intending to be legally bound, hereby agree as follows:</font></div><br>
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        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
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        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
      I</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>PURCHASE
      AND SALE OF THE SHARES</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      1.1<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Sale of the
      Shares and the Stellar Shares</u>.&#160;&#160;Subject to the terms and
      conditions set forth in this Agreement, at the Closing (as hereinafter defined)
      the Sellers hereby agree to sell, transfer, convey and deliver to Purchaser
      all
      of the Shares of common stock of the Company and all of the Stellar Shares,
      free
      and clear of all encumbrances, which represents all of the outstanding capital
      stock of the Company and Stellar, and shall deliver to Purchaser stock
      certificates representing the Shares and the Stellar Shares, duly endorsed
      to
      Purchaser.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      1.2<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Purchase
      Price</u>.&#160;&#160;As consideration for the purchase of the Shares and the
      Stellar Shares, Purchaser shall pay to Sellers a total consideration of
      $25,000,000 (the &#8220;Purchase Price&#8221;) payable at Closing as follows:</font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">$15,000,000
                payable $7,500,000 each to Messrs. Stanton and Hickmore by cashier&#8217;s
                check, certified funds or wire transfer;
                and</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">$10,000,000
                as evidenced by two (2) secured promissory notes, each in the amount
                of
                $5,000,000, bearing interest at the rate of fourteen percent (14%)
                per
                annum payable to Messrs. Stanton and Hickmore, respectively (the
                &#8220;Promissory Notes&#8221;) with principal payable in one lump sum payment on the
                three (3) year anniversary of the Promissory Notes and with interest
                payable monthly, in arrears, with the first payment being due thirty
                (30)
                days after the Closing.&#160;&#160;The Promissory Notes will provide that
                they are not pre-payable during the first twelve (12) months and,
                thereafter, may be prepaid, in whole or in part, provided that (i)
                any
                prepayment by the Purchaser from December 1, 2008 through November
                30,
                2009, shall be paid at a rate of 110% of the original principal amount
                and
                (ii) any prepayment by the Purchaser after November 30, 2009, may
                be
                prepaid without penalty at a rate of 100% of the original principal
                amount.&#160;&#160;The form of Secured Promissory Note is attached hereto
                as Exhibit 1.2(b).</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
      1.3<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Payment into
      Escrow</u>.&#160;&#160;As of the date of execution of this Agreement, the
      Purchaser has previously deposited $125,000 into an escrow account (the &#8220;Escrow
      Amount&#8221;) with Robert D. Axelrod, P.C. (the &#8220;Escrow Agent&#8221;) pursuant to a written
      Escrow Agreement with the Sellers and the Escrow Agent (the &#8220;Escrow
      Agreement&#8221;).&#160;&#160;The $125,000 is&#160;&#160;held in escrow until the
      Closing as defined herein.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>At
      Closing, the Escrow Amount will be
      paid by the Escrow Agent to the Sellers and shall be credited against the cash
      portion of the Purchase Price as set forth in Section 1.2(a)
      above.&#160;&#160;If, at Closing, Purchaser has paid to the Sellers the full
      amount of the cash portion of the Purchase Price as set forth in Section 1.2(a)
      above, then the Escrow Amount shall be repaid to the Purchaser.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Stock
          Purchase Agreement - Page
          2</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
      II</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>CLOSING</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      2.1<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>The
      Closing</u>.&#160;&#160;The closing of the transactions contemplated by this
      Agreement shall take place on or before November 30, 2007, provided
      that&#160;&#160;the Purchasers will assume control of operations of Tootsie&#8217;s at
      8:00 a.m., EST, on December 1, 2007 (the &#8220;Closing Date&#8221;), at the offices of the
      Sellers at 150 NW 183<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>rd</sup></font> Street,
      Miami
      Gardens, Florida&#160;&#160;33169, or at such other time and place as agreed
      upon among the parties hereto (the &#8220;Closing&#8221;), provided that Purchaser may
      extend the Closing until January 3, 2008, at its discretion.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      2.2<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Delivery and
      Execution</u>.&#160;&#160;At the Closing: (a) the Sellers shall deliver to
      Purchaser certificates evidencing the Shares of the Company and the Stellar
      Shares, free and clear of any liens, claims, equities, charges, options, rights
      of first refusal or encumbrances, duly endorsed to Purchaser against delivery
      by
      Purchaser to the Sellers of payment in an amount equal to the Purchase Price
      of
      the Shares and the Stellar Shares being purchased by Purchaser in the manner
      set
      forth herein; and (b) the Related Transactions (as defined below) shall be
      consummated concurrently with the Closing.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      2.3<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Related
      Transactions</u>.&#160;&#160;In addition to the purchase and sale of the Shares
      and the Stellar Shares, the following actions shall take place contemporaneously
      at the Closing (collectively, the "Related Transactions"):</font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Each
                of the Sellers will enter into a five (5) year covenant not to compete
                pursuant to the terms of which each of the Sellers will agree not
                to
                compete, either directly of indirectly, with Purchaser or Rick&#8217;s by
                operating an establishment featuring live adult entertainment featuring
                live female nude or semi-nude entertainment within a twenty (20)
                mile
                radius of the Premises, with the exception of the existing business
                known
                as &#8220;Alley Cat&#8221; which is operated at 2875 Shipping Avenue, Miami,
                Florida.&#160;&#160;The form of Non-Competition Agreement is attached
                hereto as Exhibit 2.3(a).</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Company and Stellar shall have obtained the landlord&#8217;s consent to the
                assignment of any existing lease agreements for the Premises, which
                leases
                shall provide for a term through June 30, 2034 (including the primary
                term
                and any periods for extension pursuant to options to the lessee
                thereof).</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Purchaser shall execute and deliver the Promissory Notes, and the
                Pledge
                and Security Agreement securing the Promissory Notes.&#160;&#160;The form
                of Pledge and Security Agreement is attached hereto as Exhibit
                2.3(c).</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
      III</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>REPRESENTATIONS
      AND WARRANTIES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>OF
      THE SELLERS, THE COMPANY AND STELLAR</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      Sellers, the Company and Stellar, jointly and severally, hereby represent and
      warrant to Purchaser as follows:</font></div><br>
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Stock
          Purchase Agreement - Page
          3</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      3.1.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Organization, Good
      Standing
      and Qualification.</u>&#160;&#160;Each of the Company and Stellar (i) is an
      entity duly organized, validly existing and in good standing under the laws
      of
      the state of Florida, (ii) has all requisite power and authority to carry on
      its
      business, and (iii) is duly qualified to transact business and is in good
      standing in all jurisdictions where its ownership, lease or operation of
      property or the conduct of its business requires such qualification, except
      where the failure to do so would not have a material adverse effect to the
      Sellers, the Company and Stellar.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">At
      Closing, the authorized capital stock of (i) the Company consists of 2,000
      shares of common stock, $0.01 par value, of which 2,000 shares are validly
      issued and outstanding and (ii) Stellar consists of 2,000 shares of common
      stock, $0.01 par value, of which 100 shares are validly issued and outstanding.
      There are no shares of preferred stock authorized or issued and there is no
      other class of capital stock authorized or issued by the Company and
      Stellar.&#160;&#160;All of the issued and outstanding shares of common stock of
      the Company and Stellar are owned by the Sellers and are fully paid and
      non-assessable.&#160;&#160;None of the shares issued are in violation of any
      preemptive rights.&#160;&#160;Neither the Company nor&#160;&#160;Stellar has any
      obligation to repurchase, reacquire, or redeem any of its outstanding capital
      stock.&#160;&#160;There are no outstanding securities convertible into or
      evidencing the right to purchase or subscribe for any shares of capital stock
      of
      the Company or&#160;&#160;Stellar, there are no outstanding or authorized
      options, warrants, calls, subscriptions, rights, commitments or any other
      agreements of any character obligating the Company or Stellar to issue any
      shares of its capital stock or any securities convertible into or evidencing
      the
      right to purchase or subscribe for any shares of such stock, and there are
      no
      agreements or understandings with respect to the voting, sale, transfer or
      registration of any shares of capital stock of the Company or
      Stellar.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      3.2<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Subsidiaries</u>.&#160;&#160;Neither
      the Company nor Stellar has any subsidiaries.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      3.3<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Ownership of
      the Shares</u>.&#160;&#160;The Sellers own, beneficially and of record, all of
      the Shares of the Company and all of the Stellar Shares free and clear of any
      liens, claims, equities, charges, options, rights of first refusal, or
      encumbrances.&#160;&#160;&#160;The Sellers have the unrestricted right and power
      to transfer, convey and deliver full ownership of the Shares and the Stellar
      Shares without the consent or agreement of any other person and without any
      designation, declaration or filing with any governmental
      authority.&#160;&#160;Upon the transfer of the Shares and the Stellar Shares to
      Purchaser as contemplated herein, Purchaser will receive good and valid title
      thereto, free and clear of any liens, claims, equities, charges, options, rights
      of first refusal, encumbrances or other restrictions (except those imposed
      by
      applicable securities laws).</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      3.4<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Authorization</u>.&#160;&#160;Sellers
      each represent that he is a person of full age of majority, with full power,
      capacity, and authority to enter into this Agreement and perform the obligations
      contemplated hereby by for himself and his spouse.&#160;&#160;All action on the
      part of Sellers necessary for the authorization, execution, delivery and
      performance of this Agreement by him has been taken and will be taken prior
      to
      Closing.&#160;&#160;This Agreement, when duly executed and delivered in
      accordance with its terms, will constitute legal, valid and binding obligations
      of Sellers enforceable against them in accordance with its terms, except as
      may
      be limited by bankruptcy, insolvency, reorganization and other similar laws
      of
      general application affecting creditors&#8217; rights generally or by general
      equitable principles.</font></div><br>
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          Purchase Agreement - Page
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    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">All
      corporate action on the part of the Company and Stellar necessary for the
      authorization, execution, delivery and performance of this Agreement by the
      Company and Stellar has been taken or will be taken prior to the
      Closing.&#160;&#160;The Company and Stellar has the requisite corporate power
      and authority to execute, deliver and perform this Agreement.&#160;&#160;This
      Agreement, when duly executed and delivered in accordance with its terms, will
      constitute a valid and binding obligation of the Company and
      Stellar,&#160;&#160;enforceable against the Company and Stellar in accordance
      with its terms, except as may be limited by bankruptcy, insolvency,
      reorganization, and other similar laws of general application relating to or
      affecting creditors&#8217; rights and to general equitable principles.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      3.5<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>No Breaches
      or Defaults</u>.&#160;&#160;Except as set forth in Exhibit 3.5, the execution,
      delivery, and performance of this Agreement by the Sellers, the Company and
      Stellar does not:&#160;&#160;(i) conflict with, violate, or constitute a breach
      of or a default under, (ii) result in the creation or imposition of any lien,
      claim, or encumbrance of any kind upon the Shares of the Stellar Shares, or
      (iii) require any authorization, consent, approval, exemption, or other action
      by or filing with any third party or Governmental Authority under any provision
      of:&#160;&#160;(a) any applicable Legal Requirement, or (b) any credit or loan
      agreement, promissory note, or any other agreement or instrument to which the
      Sellers or the Company or Stellar is a party or by which the Shares or the
      Stellar Shares may be bound or affected.&#160;&#160;For purposes of this
      Agreement, "Governmental Authority" means any foreign governmental authority,
      the United States of America, any state of the United States, and any political
      subdivision of any of the foregoing, and any agency, department, commission,
      board, bureau, court, or similar entity, having jurisdiction over the parties
      hereto or their respective assets or properties.&#160;&#160;For purposes of this
      Agreement, "Legal Requirement" means any law, statute,&#160;&#160;injunction,
      decree, order or judgment (or interpretation of any of the foregoing) of, and
      the terms of any license or permit issued by, any Governmental
      Authority.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      3.6<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Consents</u>.&#160;&#160;Except
      as set forth in Exhibit 3.6, no permit, consent, approval or authorization
      of,
      or designation, declaration or filing with, any Governmental Authority or any
      other person or entity is required on the part of the Sellers or the Company
      or
      Stellar in connection with the execution and delivery by the Sellers or the
      Company or Stellar of this Agreement or the consummation and performance of
      the
      transactions contemplated hereby.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      3.7<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Pending
      Claims</u>.&#160;&#160;There is no claim, suit, arbitration, investigation,
      action, litigation or other proceeding, whether judicial, administrative or
      otherwise, now pending or, to the Sellers&#8217; or&#160;&#160;the Company&#8217;s or
      Stellar&#8217;s&#160;&#160;knowledge, contemplated or threatened against the Sellers
      or the Company or Stellar before any court, arbitration, administrative or
      regulatory body or any governmental agency which may result in any judgment,
      order, award, decree, liability or other determination which will or could
      reasonably be expected to have any material effect upon Sellers or the Company
      or Stellar or the transfer by Sellers to Purchaser of the Shares or the Stellar
      Shares under this Agreement, nor is there any basis known to Sellers for any
      such action.&#160;&#160;No litigation is pending, or, to Sellers&#8217; or the
      Company&#8217;s or Stellar&#8217;s knowledge, threatened against Sellers or the Company or
      Stellar, or their assets or properties which seeks to restrain or enjoin the
      execution and delivery of this Agreement or any of the documents referred to
      herein or the consummation of any of the transactions contemplated thereby
      or
      hereby.&#160;&#160;Neither Sellers nor the Company nor Stellar is subject to any
      judicial injunction or mandate or any quasi-judicial or administrative order
      or
      restriction directed to or against them or which would affect the Company,
      the
      Shares or the Stellar Shares to be transferred under this
      Agreement.</font></div><br>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      3.8<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Taxes</u>.&#160;&#160;The
      Company and Stellar have timely and accurately prepared and filed all federal,
      state, foreign and local tax returns and reports required to be filed prior
      to
      such dates and have timely paid all taxes shown on such returns as owed for
      the
      periods of such returns, including all sales taxes and withholding or other
      payroll related taxes shown on such returns.&#160;&#160;Neither the Company nor
      Stellar is delinquent in the payment of any tax or governmental charge of any
      nature.&#160;&#160;The Sellers have no knowledge of any liability for any tax to
      be imposed by any taxing authorities as of the date of this Agreement and as
      of
      the Closing that is not adequately provided for.&#160;&#160;No assessments or
      notices of deficiency or other communications have been received by the Sellers,
      the Company or Stellar with respect to any tax return which has not been paid,
      discharged or fully reserved against and no amendments or applications for
      refund have been filed or are planned with respect to any such
      return.&#160;&#160;None of the federal, state, foreign and local tax returns of
      the Company or Stellar have been audited by any taxing authority.&#160;&#160;The
      Sellers have no knowledge of any additional assessments, adjustments or
      contingent tax liability (whether federal or state) of any nature whatsoever,
      whether pending or threatened against the Company or Stellar for any period,
      nor
      of any basis for any such assessment, adjustment or
      contingency.&#160;&#160;There are no agreements between the Company or Stellar
      and any taxing authority, including, without limitation, the Internal Revenue
      Service, waiving or extending any statute of limitations with respect to any
      tax
      return.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
      3.9<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Financial
      Statements</u>.&#160;&#160;Sellers and the Company have delivered to Purchaser
      the unaudited balance sheets of the Company as of August 31, 2007, together
      with
      the related unaudited statements of income, for the periods then ended
      (collectively referred to as the &#8220;Financial Statements&#8221;). Such Financial
      Statements, including the related notes, are in accordance with the books and
      records of the Company and fairly represent the financial position of the
      Company and the results of operations and changes in financial position of
      the
      Company as of the dates and for the periods indicated, in each case in
      conformity with generally accepted accounting principles applied on a consistent
      basis.&#160;&#160;Except as, and to the extent reflected or reserved against in
      the Financial Statements, the Company, as of the date of the Financial
      Statements, has no material liability or obligation of any nature, whether
      absolute, accrued, continued or otherwise, not fully reflected or reserved
      against in the Financial Statements.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
      3.10<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>No Material Adverse
      Change</u>.&#160;&#160;Since the date of the Financial Statements, the Company
      has conducted its business in the ordinary course, consistent with past
      practice, and there has been no (i) change that has had or would reasonably
      be
      expected to have a material adverse effect upon the assets or business or the
      financial condition or other operations of the Company, (ii) acquisition or
      disposition of any material asset by the Company or any contract or arrangement
      therefore, otherwise then for fair value in the ordinary course of business,
      (iii) material change in the Company&#8217;s accounting principles, practices or
      methods or (iv) incurrence of any material indebtedness.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
      3.11<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Labor Matters</u>. Neither the
      Company nor Stellar is a party or otherwise subject to any collective bargaining
      agreement with any labor union or association.&#160;&#160;There are no
      discussions, negotiations, demands or proposals that are pending or have been
      conducted or made with or by any labor union or association, and there are
      not
      pending or threatened against the Company or Stellar any labor disputes, strikes
      or work stoppages.&#160;&#160;To the best of Sellers&#8217;,the Company&#8217;s and
      Stellar&#8217;s knowledge, the Company and Stellar are in compliance with all federal
      and state laws respecting employment and employment practices, terms and
      conditions of employment and wages and hours, and, to their knowledge, is not
      engaged in any unfair labor practices.&#160;&#160;Neither the Company nor
      Stellar is a party to any written or oral contract, agreement or understanding
      for the employment of any officer, director or employee of the Company or
      Stellar.</font></div><br>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      3.12<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Compliance
      with Laws</u>.&#160;&#160;The Company and&#160;&#160;Stellar are, and at all
      times prior to the date hereof have been in compliance with all statutes,
      orders, rules, ordinances and regulations applicable to it or to the ownership
      of its assets or the operation of its businesses, except for failures to be
      in
      compliance that would not have a material adverse effect on the business,
      properties, condition (financial or otherwise) or prospects of the Company
      or
      Stellar.&#160;&#160;Neither the Sellers, the Company nor Stellar have any basis
      to expect, nor have they received, any order or notice of any such violation
      or
      claim of violation of any such statute, order, rule, ordinance or regulation
      by
      the Company or Stellar.&#160;&#160;Exhibit 3.12 sets forth all licenses and
      permits held by the Company or Stellar used in the operation of its businesses,
      all of which are in good standing and in effect as of the Closing
      Date.&#160;&#160;These licenses and permits represent all of the licenses and
      permits required by the Company or Stellar for the operation of its
      business.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      3.13<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Title to
      Properties; Encumbrances</u>.&#160;&#160;The Company and Stellar have good and
      marketable title to all of its properties and assets, real and personal,
      tangible and intangible, that are material to the condition (financial or
      otherwise), business, operations or prospects of the Company or Stellar, free
      and clear of all mortgages, claims, liens, security interests, charges, leases,
      encumbrances and other restrictions of any kind and nature, except (i) as
      disclosed in the Financial Statements of the Company, (ii) statutory liens
      not
      yet delinquent, and (iii) such liens consisting of zoning or planning
      restrictions, imperfections of title, easements and encumbrances, if any, as
      do
      not materially detract from the value or materially interfere with the present
      use of the property or assets subject thereto or affected
      thereby.&#160;&#160;&#160;At the time of Closing, the assets of the Company
      shall include, but shall not be limited to, the assets set forth in the
      Company&#8217;s 2006 corporate income tax return, along with all equipment and
      fixtures located on the premises at Tootsie&#8217;s as of the Closing
      Date.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      3.14<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>No
      Liabilities</u>.&#160;&#160;As of the Closing Date, Stellar does not and shall
      not have any obligation or liability (contingent or otherwise) to any third
      party.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
      3.15<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Contracts and
      Leases</u>.&#160;&#160;Except as previously provided to Purchaser, neither the
      Company nor Stellar (i) have&#160;any leases of personal property relating to
      the assets of the Company or Stellar, whether as lessor or lessee; (ii) have
      any
      contractual or other obligations relating to the assets of the Company or
      Stellar, whether written or oral; and (iii) have given any power of attorney
      to
      any person or organization for any purpose relating to the business or assets
      of
      the Company or&#160;&#160;Stellar.&#160;&#160;The Company and Stellar have
      existing real estate lease agreements covering the real property where Tootsie&#8217;s
      operates its adult entertainment cabaret located at 150 NW 183<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>rd</sup></font> Street,
      Miami
      Gardens, Florida&#160;&#160;33169.&#160;&#160;The Company and Stellar have
      previously provided to Purchaser each and every contract, lease or other
      document relating to the assets of the Company or Stellar to which it is subject
      or is a party or a beneficiary.&#160;&#160;To Sellers&#8217;, the Company&#8217;s or
      Stellar&#8217;s knowledge, such contracts, leases or other documents are valid and in
      full force and effect according to their terms and constitute legal, valid
      and
      binding obligations of the Company and Stellar and the other respective parties
      thereto and are enforceable in accordance with their terms.&#160;&#160;Sellers,
      the Company and Stellar have no knowledge of any default or breach under such
      contracts, leases or other documents or of any pending or threatened claims
      under any such contracts, leases or other documents.&#160;&#160;Neither the
      execution of this Agreement, nor the consummation of all or any of the
      transactions contemplated under this Agreement, will constitute a breach or
      default under any such contracts, leases or other documents which would have
      a
      material adverse effect on the financial condition of the Company or Stellar
      or
      the operation of Tootsie&#8217;s after the Closing.</font></div><br>
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          Purchase Agreement - Page
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      3.16<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>No Pending
      Transactions</u>.&#160;&#160;Except for the transactions contemplated by this
      Agreement and the Related Transaction contemplated in Section 2.3 herein,
      neither the Company nor Stellar is a party to or bound by or the subject of
      any
      agreement, undertaking, commitment or discussions or negotiations with any
      person that could result in: (i) the sale, merger, consolidation or
      recapitalization of the Company or Stellar; (ii) the sale of any of the assets
      of the Company or Stellar except in the ordinary course of business; (iii)
      the
      sale of any outstanding capital stock of the Company or Stellar; (iv) the
      acquisition by the Company or Stellar of any operating business or the capital
      stock of any other person or entity; (v) the borrowing of money; (vi) any
      agreement with any of the respective officers, managers or affiliates of the
      Company or Stellar; or (vii) the expenditure of more than $15,000, in the
      aggregate, or the performance by the Company or Stellar extending for a period
      more than one year from the date hereof, other than in the ordinary course
      of
      business.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      3.17<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Material
      Agreements; Action</u>.&#160;&#160;&#160;&#160;Except for the transactions
      contemplated by this Agreement and the Related Transaction contemplated in
      Section 2.3 herein, there are no material contracts, agreements, commitments,
      understandings or proposed transactions, whether written or oral, to which
      Sellers, the Company or Stellar are a party or by which they are bound that
      involve or relate to (i) any of the respective officers, directors, stockholders
      or partners of the Company or Stellar or (ii) covenants of Sellers, the Company
      or Stellar not to compete in any line of business or with any person in any
      geographical area or covenants of any other person not to compete with the
      Company or Stellar in any line of business or in any geographical
      area.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
      3.18<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Insurance
</u><u>Policies</u>.&#160;&#160;Copies
      of all insurance policies maintained by
      the Company or Stellar relating to the operation of Tootsie&#8217;s have been
      delivered or made available to Purchaser.&#160;&#160;The policies of insurance
      held by the Company or Stellar are in such amounts, and insure against such
      losses and risks, as the Company and Stellar reasonably deems appropriate for
      their property and business operations.&#160;&#160;All such insurance policies
      are in full force and effect, and all premiums due thereon have been
      paid.&#160;&#160;Valid policies for such insurance will be outstanding and duly
      in force at all times prior to the Closing.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      3.19<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>No
      Default</u>.&#160;&#160;Neither Sellers nor the Company nor Stellar is in
      default under any term or condition of any instrument evidencing, creating
      or
      securing any indebtedness of&#160;&#160;the Company or Stellar, and there has
      been no default in any material obligation to be performed by Sellers or the
      Company or Stellar under any other contract, lease, agreement, commitment or
      undertaking to which the Company or Stellar is a party or by which it or its
      assets or properties are bound, nor have Sellers or the Company or Stellar
      waived any material right under any such contract, lease, agreement, commitment
      or undertaking.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
      3.20<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Books and
      Records</u>.&#160;&#160;The books of account, minute books, stock record books
      and other records of the Company and Stellar, all of which have been made
      available to Purchaser, are accurate and complete and have been maintained
      in
      accordance with sound business practices.&#160;&#160;Upon Closing, all books and
      records will be in the possession of Sellers or the Company or
      Stellar.</font></div><br>
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          Purchase Agreement - Page
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    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
      3.21<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Environmental</u>.&#160;&#160;Neither
      the Company nor Stellar have received any citation, directive, letter or other
      communication, written or oral, or any notice of any proceeding, claim or
      lawsuit relating to any environmental issue arising out of the ownership or
      occupation of the Premises, and there is no basis known to the Sellers or the
      Company or Stellar for any such action.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
      3.22<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Banks and Brokerage
      Accounts</u>.&#160;&#160;Exhibit 3.22 sets forth (a) a true and complete list of
      the names and locations of all banks, trust companies, securities brokers and
      other financial institutions at which the Company or Stellar has an account
      or
      safe deposit box or maintains a banking, custodial, trading or other similar
      relationship, and (b) a true and complete list and description of each such
      account, box and relationship, indicating in each case the account number and
      the names of the respective officers, employees, agents or other similar
      representatives of the Company or Stellar having signatory power with respect
      thereto.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      3.23<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Disclosure</u>.&#160;&#160;No
      representation or warranty of the Sellers or the Company or Stellar contained
      in
      this Agreement (including the exhibits hereto) contains any untrue statement
      or
      omits to state a material fact necessary in order to make the statements
      contained herein or therein, in light of the circumstances under which they
      were
      made, not misleading.</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
      IV</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>REPRESENTATIONS
      AND WARRANTIES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>OF
      PURCHASER</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Purchaser
      hereby represents and warrants to the Sellers, the Company and Stellar as
      follows:</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      4.1<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Authorization</u>.&#160;&#160;Purchaser
      is a corporation duly organized in the state of Texas and has full power,
      capacity, and authority to enter into this Agreement and perform the obligations
      contemplated hereby.&#160;&#160;All action on the part of Purchaser necessary
      for the authorization, execution, delivery and performance of this Agreement
      by
      it has been taken and will be taken prior to Closing.&#160;&#160;This Agreement,
      when duly executed and delivered in accordance with its terms, will constitute
      legal, valid, and binding obligations of Purchaser enforceable against Purchaser
      in accordance with its terms, except as may be limited by bankruptcy,
      insolvency, and other similar laws affecting creditors' rights generally or
      by
      general equitable principles.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section&#160;4.2<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>No
      Breaches or
      Defaults</u>.&#160;&#160;The execution, delivery, and performance of this
      Agreement by Purchaser does not:&#160;&#160;(i) conflict with, violate, or
      constitute a breach of or a default under or (ii) require any authorization,
      consent, approval, exemption, or other action by or filing with any third party
      or Governmental Authority under any provision of:&#160;&#160;(a) any applicable
      Legal Requirement, or (b) any credit or loan agreement, promissory note, or
      any
      other agreement or instrument to which Purchaser is a party.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      4.3<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Consents</u>.&#160;&#160;No
      permit, consent, approval or authorization of, or designation, declaration
      or
      filing with, any Governmental Authority or any other person or entity is
      required on the part of Purchaser in connection with the execution and delivery
      by Purchaser of this Agreement or the consummation and performance of the
      transactions contemplated hereby other than as required under the federal
      securities laws.</font></div><br>
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          Purchase Agreement - Page
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    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      4.4<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Disclosure</u>.&#160;&#160;No
      representation or warranty of Purchaser contained in this Agreement (including
      the exhibits hereto) contains any untrue statement or omits to state a material
      fact necessary in order to make the statements contained herein or therein,
      in
      light of the circumstances under which they were made, not
      misleading.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
      V</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>CONDITIONS
      TO CLOSING OF SELLERS,</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>THE
      COMPANY AND STELLAR</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Each
      obligation of Sellers, the Company and Stellar to be performed on the Closing
      Date shall be subject to the satisfaction of each of the conditions stated
      in
      this Article V, except to the extent that such satisfaction is waived by
      Sellers, the Company and Stellar in writing.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      5.1<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Representations and
      Warranties
      Correct</u>.&#160;&#160;The representations and warranties made by Purchaser
      contained in this Agreement shall be true and correct as of the Closing
      Date.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      5.2<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Covenants</u>.&#160;&#160;All
      covenants, agreements and conditions contained in this Agreement to be performed
      by Purchaser on or prior to the Closing Date shall have been performed or
      complied with in all respects.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      5.3<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Delivery of
      Certificate</u>.&#160;&#160;Purchaser shall provide to Sellers, the Company and
      Stellar certificates, dated the Closing Date and signed by the President of
      Purchaser to the effect set forth in Section 5.1 and 5.2 for the purpose of
      verifying the accuracy of such representations and warranties and the
      performance and satisfaction of such covenants and conditions.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      5.4<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Payment of
      Purchase Price</u>.&#160;&#160;Purchaser shall have tendered the Purchase Price
      for the Shares and the Stellar Shares as referenced in Section 1.2 to the
      Sellers concurrently with the Closing.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      5.5<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Related
      Transactions</u>.&#160;&#160;The Related Transaction set forth in Section 2.3
      shall be consummated concurrently with the Closing.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      5.6<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Corporate
      Resolutions</u>.&#160;&#160;Purchaser shall provide corporate resolutions of the
      Board of Directors of Purchaser which approve the transactions contemplated
      herein and authorize the execution, delivery and performance of this Agreement
      and the documents referred to herein to which it is or is to be a party dated
      as
      of the Closing Date.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      5.7<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Absence of
      Proceedings</u>.&#160;&#160;No action, suit or proceeding by or before any court
      or any governmental or regulatory authority shall have been commenced and no
      investigation by any governmental or regulatory authority shall have been
      commenced seeking to restrain, prevent or challenge the transactions
      contemplated hereby or seeking judgments against Purchaser.</font></div><br>
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          Purchase Agreement - Page
          10</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
      VI</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>CONDITIONS
      TO CLOSING OF</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>PURCHASER</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Each
      obligation of Purchaser to be performed on the Closing Date shall be subject
      to
      the satisfaction of each of the conditions stated in this Article VI, except
      to
      the extent that such satisfaction is waived by Purchaser in
      writing.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
      6.1<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Representations and
      Warranties
      Correct</u>.&#160;&#160;The representations and warranties made by the Sellers,
      the Company and Stellar hereof shall be true and correct as of the Closing
      Date.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      6.2<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Covenants</u>.&#160;&#160;All
      covenants, agreements and conditions contained in this Agreement to be performed
      by the Sellers, the Company and Stellar on or prior to the Closing Date shall
      have been performed or complied with in all respects.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      6.3<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Delivery of
      Certificate</u>.&#160;&#160;Sellers, the Company and Stellar shall provide to
      Purchaser certificates, dated the Closing Date and signed by the Sellers and
      by
      the President of the Company and Stellar, respectively, to the effect set forth
      in Section 6.1 and 6.2 for the purpose of verifying the accuracy of such
      representations and warranties and the performance and satisfaction of such
      covenants and conditions.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      6.4<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Delivery of
      Shares and Stellar Shares</u>.&#160;&#160;Sellers shall have delivered
      certificates evidencing the Shares and the Stellar Shares of the Company and
      Stellar, duly endorsed to Purchaser.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      6.5<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Corporate
      Resolutions</u>.&#160;&#160;The Company and Stellar shall provide to Purchaser a
      corporate resolution of the Board of Directors of the Company and Stellar which
      approve all of the transactions contemplated herein and authorizes the
      execution, delivery and performance of this Agreement and the documents referred
      to herein to which it is or is to be a party dated as of the Closing
      Date.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      6.6<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Consents;
      Transfer of Licenses</u>.&#160;&#160;Purchaser shall possess all necessary
      permits and other authorizations, whether city, county, state or federal, which
      may be needed to conduct nude adult entertainment with the sale of alcoholic
      beverages on the Premises and all such permits and authorizations shall be
      in
      good order, without any administrative actions pending or concluded that may
      challenge or present an obstacle to the continued performance of nude adult
      entertainment or sale of alcoholic beverages at Tootsie&#8217;s.&#160;&#160;All
      necessary transfers of licenses and leases required for the continued operation
      of the business of the Company or Stellar shall have been
      obtained.&#160;&#160;The sexually oriented business license of Tootsie&#8217;s shall
      be in full force and effect.&#160;&#160;Sellers shall have the ability and
      authority to transfer any permits, zoning classifications or authorizations
      necessary to sell alcoholic beverages and conduct nude entertainment at
      Tootsie&#8217;s and these permits, zoning classifications or authorizations shall be
      transferred, conveyed and sold to Purchaser at the Closing.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      6.7<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Related
      Transactions</u>.&#160;&#160;The Related Transaction set forth in Section 2.3
      shall be consummated concurrently with the Closing.</font></div><br>
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          Purchase Agreement - Page
          11</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
      6.8<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Ability to
      Audit.</u>&#160;&#160;The financial records of the Company shall be maintained
      and exist in such a manner as to allow for a certified audit as determined
      by
      Rick&#8217;s.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      6.9<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Acceptable
      Financing</u>.&#160;&#160;Rick&#8217;s shall have obtained financing acceptable to it
      for the Acquisition.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      6.10<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Resignations</u>.&#160;&#160;The
      Officers and Directors of the Company and Stellar shall have provided to
      Purchaser their written resignations.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      6.11<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Landlord&#8217;s
      consent.</u>&#160;&#160;The Company and Stellar shall have obtained the
      landlord&#8217;s consent to the assignment of the existing lease agreements for the
      Premises, which leases shall provide for a term, as of the Closing, through
      June
      30, 2034 (including the primary term and any periods for extension pursuant
      to
      options to the lessee thereof).</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      6.12<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Absence of
      Proceedings</u>.&#160;&#160;No action, suit or proceeding by or before any court
      or any governmental or regulatory authority shall have been commenced and no
      investigation by any governmental or regulatory authority shall have been
      commenced seeking to restrain, prevent or challenge the transactions
      contemplated hereby or seeking judgments against the Company and Stellar or
      any
      of its assets.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
      VII</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>COVENANTS
      OF THE SELLERS</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#160;AND
      THE COMPANY</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      7.1<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Stand
      Still</u>.&#160;&#160;To induce Purchaser to proceed with this Agreement, the
      Company, Stellar and Sellers agree that until the Closing Date or the
      termination of this Agreement, no representative of the Company, Stellar or
      any
      representative of the Sellers will offer to sell or solicit any offer to
      purchase or engage in any discussions or activities of any nature whatsoever,
      directly or indirectly, involving in any manner the actual or potential sale,
      transfer, encumbrance, pledge, collateralization or hypothecation of any assets
      of the Company, Stellar or Tootsie&#8217;s.&#160;&#160;The Company, Stellar and the
      Sellers hereby agree to advise the Purchaser of any contact from any third
      party
      regarding the acquisition or other investment in the Company or Stellar, or
      of
      any contact which would relate to the transactions contemplated by this
      Agreement.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
      7.2<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Access; Due
      Diligence</u>.&#160;&#160;Between the date of this Agreement and the Closing
      Date, the Company and Stellar shall (a) provide Purchaser and their authorized
      representatives reasonable access to all plants, offices, warehouse and other
      facilities and properties of the Company and Stellar, and to the books and
      records of the Company and Stellar; (b) permit the Purchaser to make inspections
      thereof; and (c) cause the officers and advisors of the Company and Stellar
      to
      furnish the Purchaser with such financial and operating data and other
      information with respect to the business and properties of the Company and
      Stellar and to discuss with the Purchaser and their authorized representatives
      the affairs of the Company and Stellar as the Purchaser may from time to time
      reasonably request.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Stock
          Purchase Agreement - Page
          12</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      7.3<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Conduct of
      Business</u>.&#160;&#160;From the date of the execution hereof until the Closing
      Date, the Company shall operate the Company and Tootsie&#8217;s in the ordinary course
      consistent with past practices, and:</font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Company will not authorize, declare, pay or effect any dividends
                or
                liquidate or distribute any common stock of the Company or other
                equity
                interest or undertake any direct or indirect redemption, purchase
                or other
                acquisition of any equity interest of the
                Company;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Company will not make any changes in its condition (financial or
                otherwise), liabilities, assets, or business or in any of its business
                relationships, including relationships with suppliers or customers,
                that,
                when considered individually or in the aggre&#173;gate, might reasonably be
                expected to have a material adverse effect on the
                Company;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Company will not increase the salary or other compensation payable
                or to
                become payable by the Company to any employee, or the declaration,
                payment, or commitment or obligation of any kind for the pay&#173;ment by
                the Company of a bonus or other additional salary or compensation
                to any
                such person except in the normal course of business, consistent with
                past
                practices of the Company;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Company will not sell, lease, transfer or assign any of their assets,
                tangible or intangible, other than for a fair consideration in the
                ordinary course of business;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(e)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Company will not accelerate, terminate, modify or cancel any agreement,
                contract, lease or license (or series of related agreements, contracts,
                leases and licenses) involving more than $10,000 to which the Company
                is a
                party;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(f)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Company will not make any loans to any person or entity, or guarantee
                any
                loan, absent the consent of the
                Purchaser;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(g)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Company will not waive or release any right or claim held by the
                Company,
                absent the consent of the
                Purchaser;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(h)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Company will operate its business in the ordinary course and consistent
                with past practices so as to preserve its business organization intact,
                to
                retain the ser&#173;vices of their employees and to preserve their goodwill
                and relationships with suppliers, creditors, cus&#173;tomers, and others
                having business relationships with
                them;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(i)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Company will not issue any note, bond or other debt security or create,
                incur or assume, or guarantee any indebtedness for borrowed money
                or
                capitalized lease obligations;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(j)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Company will not delay or postpone the payment of accounts payable
                and
                other liabilities outside the ordinary course of
                business;</font></div>
            </td>
          </tr>

      </table>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Stock
          Purchase Agreement - Page
          13</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(k)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Company will not make any loan to, or enter into any other transaction
                with, any of their directors, officers, and
                employees;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(l)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Company will not make any change in any method, practice, or principle
                of
                accounting involving the Company&#8217;s business or the assets of the
                Company;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(m)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Company will not issue, sell or otherwise dispose of any of its capital
                stock or create, sell or dispose of any options, rights, conversion
                rights
                or other agreements or commitments of any kind relating to the issuance,
                sale or disposition of any of its equity
                interests;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(n)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Company will not reclassify, split up or otherwise change any of
                its
                common stock or capital structure;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(o)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Company will not be a party to any merger, consolidation or other
                business
                combination; and</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(p)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                Company will not agree to take any action described in this Section
                7.3.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
      VIII</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>CLOSING
      ADJUSTMENTS</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>The
      Sellers, the Company, Stellar and
      the Purchaser agree that there shall be an adjustment made within thirty (30)
      days of the Closing Date to adjust for liabilities that exist of the Company
      and
      Stellar as of the Closing Date so that the Sellers shall be responsible and
      liable to the Purchaser for the liabilities of the Company or Stellar that
      exist
      as of the Closing Date, less any credit which Sellers would be entitled to
      for
      cash on hand, credit card receivables, pro rata portion of prepaid items and
      inventory on hand (at cost) as of the Closing Date.</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
      IX</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>INDEMNIFICATION</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      9.1<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Indemnification from
      Sellers</u>.&#160;&#160;Sellers, jointly and severally, hereby agree to and
      shall indemnify, defend (with legal counsel reasonably acceptable to Purchaser),
      and hold Purchaser, its officers, directors, employees, affiliates, agents,
      legal counsel, successors and assigns (collectively, the "Purchaser Group")
      harmless at all times after the date of this Agreement, from and against any
      and
      all actions, suits, claims, demands, debts, liabilities, obligations, losses,
      damages, costs, expenses, penalties or injury&#160;&#160;(including reasonable
      attorneys<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier New">=</font>
      fees and costs of any suit related thereto) suffered or incurred by any of
      the
      Purchaser Group arising from: (a) any misrepresentation by, or breach of any
      covenant or warranty of the Sellers, the Company or Stellar contained in this
      Agreement, or any exhibit, certificate, or other instrument furnished or to
      be
      furnished by Sellers,&#160;&#160;the Company or Stellar hereunder; (b) any
      nonfulfillment of any agreement on the part of Sellers, the Company or Stellar
      under this Agreement; (c) any liability or obligation due to any third party
      by
      the Company or Stellar incurred at or prior to the Closing Date; or (d) any
      suit, action, proceeding, claim or investigation against Purchaser which arises
      from or which is based upon or pertaining to Seller&#8217;s or the Company&#8217;s or
      Stellar&#8217;s conduct or the operation or liabilities of the business of the Company
      or Stellar prior to the Closing Date.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
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        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Stock
          Purchase Agreement - Page
          14</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      9.2<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Indemnification from
      Purchaser</u>.&#160;&#160;Purchaser agrees to and shall indemnify, defend (with
      legal counsel reasonably acceptable to the Sellers) and hold each Seller and
      their affiliates, agents, legal counsel, successors and assigns (collectively,
      the "Sellers Group") harmless at all times after the date of the Agreement
      from
      and against any and all actions, suits, claims, demands, debts, liabilities,
      obligations, losses, damages, costs, expenses, penalties or injury (including
      reasonably attorney&#8217;s fees and costs of any suit related
      thereto)&#160;&#160;suffered or incurred by any of the Sellers Group, arising
      from (a) any misrepresentation by, or breach of any covenant or warranty of
      Purchaser contained in this Agreement or any exhibit, certificate, or other
      agreement or instrument furnished or to be furnished by Purchaser hereunder;
      (b)
      any nonfulfillment of any agreement on the part of Purchaser under this
      Agreement; (c) any liability or obligation due to any third party by the Company
      or Stellar incurred subsequent to the Closing Date; or (d) any suit, action,
      proceeding, claim or investigation against Sellers which arises from or which
      is
      based upon or pertaining to Purchaser&#8217;s conduct or the operation of the business
      of the Company or Stellar subsequent to the Closing Date.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      9.3<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Defense of
      Claims</u>.&#160;&#160;If any lawsuit enforcement action or any attempt to
      collect on an alleged liability is filed against any party entitled to the
      benefit of indemnity hereunder, written notice thereof shall be given to the
      indemnifying party within ten (10) business days after receipt
      of&#160;&#160;notice or other date by which action must be taken; provided that
      the failure of any indemnified party to give timely notice shall not affect
      rights to indemnification hereunder except to the extent that the indemnifying
      party demonstrates damage caused by such failure.&#160;&#160;After such notice,
      the indemnifying party shall be entitled, if it so elects, to take control
      of
      the defense and investigation of such lawsuit or action and to employ and engage
      attorneys of its own choice to handle and defend the same, at the indemnifying
      party's cost, risk and expense; and such indemnified party shall cooperate
      in
      all reasonable respects, at its cost, risk and expense, with the indemnifying
      party and such attorneys in the investigation, trial and defense of such lawsuit
      or action and any appeal arising therefrom; provided, however, that the
      indemnified party may, at its own cost, participate in such investigation,
      trial
      and defense of such lawsuit or action and any appeal arising
      therefrom.&#160;&#160;The indemnifying party shall not, without the prior
      written consent of the indemnified party, effect any settlement of any
      proceeding in respect of which any indemnified party is a party and indemnity
      has been sought hereunder unless such settlement of a claim, investigation,
      suit, or other proceeding only involves a remedy for the payment of money by
      the
      indemnifying party and includes an unconditional release of such indemnified
      party from all liability on claims that are the subject matter of such
      proceeding.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      9.4<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Default of
      Indemnification Obligation</u>.&#160;&#160;If an entity or individual having an
      indemnification, defense and hold harmless obligation, as above provided, shall
      fail to assume such obligation, then the party or entities or both, as the
      case
      may be, to whom such indemnification, defense and hold harmless obligation
      is
      due shall have the right, but not the obligation, to assume</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">and
      maintain such defense (including reasonable counsel fees and costs of any suit
      related thereto) and to make any settlement or pay any judgment or verdict
      as
      the individual or entities deem necessary or appropriate in such individuals
      or
      entities absolute sole discretion and to charge the cost of any such settlement,
      payment, expense and costs, including reasonable attorneys<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier New">=</font>
      fees, to the entity or individual that had the obligation to provide such
      indemnification, defense and hold harmless obligation and same shall constitute
      an additional obligation of the entity or of the individual or both, as the
      case
      may be.</font></div><br>
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      <div id="FTR">
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        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Stock
          Purchase Agreement - Page
          15</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
      9.5<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Right to
      Offset</u>.&#160;&#160;In the event that the Purchaser is entitled to
      indemnification in accordance with Section 9.1 and 9.3 hereof, including the
      payment by the Purchaser or any debts or liabilities of the Company which were
      incurred prior to the Closing Date, then Purchaser shall have the right to
      offset any such amount in excess of $10,000, in the aggregate, from any
      obligations that are then due and payable to the Sellers.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
      9.6<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Survival of Representations
      and Warranties</u>.&#160;&#160;The respective representations, warranties and
      indemnities given by the parties to each other pursuant to this Agreement shall
      survive the Closing for a period ending twenty-four (24) months from the Closing
      Date (&#8220;Survival Date&#8221;).&#160;&#160;Notwithstanding anything to the contrary
      contained herein, no claim for indemnification may be made against the party
      required to indemnify (the &#8220;Indemnitor&#8221;) under this Agreement unless the party
      entitled to indemnification (the &#8220;Indemnitee&#8221;) shall have given the Indemnitor
      written notice of such claim as provided herein on or before the Survival
      Date.&#160;&#160;Any claim for which notice has been given prior to the
      expiration of the Survival Date shall not be barred hereunder.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
      X</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>MISCELLANEOUS</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      10.1<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Amendment;
      Waiver</u>.&#160;&#160;Neither this Agreement nor any provision hereof may be
      amended, modified or supplemented unless in writing, executed by all the parties
      hereto.&#160;&#160;Except as otherwise expressly provided herein, no waiver with
      respect to this Agreement shall be enforceable unless in writing and signed
      by
      the party against whom enforcement is sought.&#160;&#160;Except as otherwise
      expressly provided herein, no failure to exercise, delay in exercising, or
      single or partial exercise of any right, power or remedy by any party, and
      no
      course of dealing between or among any of the parties, shall constitute a waiver
      of, or shall preclude any other or further exercise of, any right, power or
      remedy.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      10.2<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Notices</u>.&#160;&#160;Any
      notices or other communications required or permitted hereunder shall be
      sufficiently given if in writing and delivered in Person or sent by registered
      or certified mail (return receipt requested) or nationally recognized overnight
      delivery service, postage pre-paid, addressed as follows, or to such other
      address has such party may notify to the other parties in writing:</font></div>
    <div><br></div>
    <div style="MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
      <table cellpadding="0" cellspacing="0" width="92%">

          <tr>
            <td align="justify" valign="top" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(a)</font></div>
            </td>
            <td align="justify" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">If
                to Stanton:</font></div>
            </td>
            <td align="justify" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">150
                NW 183<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>rd</sup></font>
                Street, Suite 200</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Miami
                Gardens, Florida 33169</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="68%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="68%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(b)</font></div>
            </td>
            <td align="justify" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">If
                to Hickmore:</font></div>
            </td>
            <td align="justify" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">150
                NW 183<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>rd</sup></font>
                Street, Suite 200</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Miami
                Gardens, Florida 33169</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Stock
          Purchase Agreement - Page
          16</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div>&#160;</div>
    <div style="MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
      <table cellpadding="0" cellspacing="0" width="92%">

          <tr>
            <td align="justify" valign="top" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(c)</font></div>
            </td>
            <td align="justify" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">If
                to the Company</font></div>
            </td>
            <td align="justify" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Miami
                Gardens Square One, Inc.</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">or
                Stellar</font></div>
            </td>
            <td align="justify" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">d/b/a
                Tootsie&#8217;s Cabaret</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">150
                NW 183<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>rd</sup></font>
                Street</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Miami
                Gardens, Florida 33169</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="68%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(d)</font></div>
            </td>
            <td align="justify" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">if
                to Purchaser:</font></div>
            </td>
            <td align="justify" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Rick&#8217;s
                Cabaret International, Inc.</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Attn:&#160;&#160;Eric
                Langan, President/CEO</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">10959
                Cutten Road</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Houston,
                Texas&#160;&#160;77066</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="68%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">with
                a copy to:</font></div>
            </td>
            <td align="justify" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Robert
                D. Axelrod</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                Smith &amp; Kirshbaum</font></div>
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                Memorial Drive, Suite 700</font></div>
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      notice
      or communication will be effective (i) if delivered in Person or by overnight
      courier, on the business day it is delivered and (ii) if sent by registered
      or
      certified mail, three (3) business days after dispatch.</font></div>
    <div><br></div>
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      10.3<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Severability</u>.&#160;&#160;Whenever
      possible, each provision of this Agreement shall be interpreted in such manner
      as to be effective and valid under applicable law, but if any provision of
      this
      Agreement is held to be prohibited by or invalid under applicable law, such
      provision will be ineffective only to the extent of such prohibition or
      invalidity, without invalidating the remainder of this Agreement.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      10.4<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Assignment;</u><u>Successors
      and Assigns</u>.&#160;&#160;Except as otherwise provided herein, the provisions
      hereof shall inure to the benefit of, and be binding upon, the successors and
      permitted assigns of the parties hereto.&#160;&#160;No party hereto may assign
      its rights or delegate its obligations under this Agreement without the prior
      written consent of the other parties hereto, which consent will not be
      unreasonably withheld.</font></div>
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      10.5<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Public
      Announcements</u>.&#160;&#160;&#160;The parties hereto agree that prior to
      making any public announcement or statement with respect to the transactions
      contemplated by this Agreement, the party desiring to make such public
      announcement or statement shall consult with the other parties hereto and
      exercise their best efforts to agree upon the text of a public announcement
      or
      statement to be made by the party desiring to make such public announcement;
      provided, however, that if any party hereto is required by law to make such
      public announcement or statement, then such announcement or statement may be
      made without the approval of the other parties.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      10.6<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Entire
      Agreement</u>.&#160;&#160;This Agreement and the other documents delivered
      pursuant hereto constitute the full and entire understanding and agreement
      between the parties with regard to the subject matter hereof and thereof and
      supersede and cancel all prior representations, alleged warranties, statements,
      negotiations, undertakings, letters, acceptances, understandings, contracts
      and
      communications, whether verbal or written among the parties hereto and thereto
      or their respective agents with respect to or in connection with the subject
      matter hereof.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Stock
          Purchase Agreement - Page
          17</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
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        <div id="GLHDR" style="WIDTH: 100%" align="right">
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      10.7<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Choice of
      Law</u>.&#160;&#160;This Agreement shall be governed by, and construed in
      accordance with, the laws of the State of Texas, without regard to principles
      of
      conflict of laws.&#160;&#160;In any action between or among any of the parties,
      whether arising out of this Agreement or otherwise, each of the parties
      irrevocably consents to the exclusive jurisdiction and venue of the federal
      and
      state courts located in Harris County, Texas.</font></div>
    <div><br></div>
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      10.8<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Execution</u>.&#160;&#160;This
      Agreement may be executed in two or more counterparts, all of which when taken
      together shall be considered one and the same agreement and shall become
      effective when counterparts have been signed by each party and delivered to
      the
      other party, it being understood that both parties need not sign the same
      counterpart.&#160;&#160;In the event that any signature is delivered by
      facsimile transmission or by e-mail delivery of a &#8220;.pdf&#8221; format data file, such
      signature shall create a valid and binding obligation of the party executing
      (or
      on whose behalf such signature is executed) with the same force and effect
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      10.9<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Costs and
      Expenses</u>.&#160;&#160;&#160;Each party shall pay their own respective fees,
      costs and disbursements incurred in connection with this Agreement.</font></div>
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      10.10<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Section
      Headings</u>.&#160;&#160;The section and subsection headings in this Agreement
      are used solely for convenience of reference, do not constitute a part of this
      Agreement, and shall not affect its interpretation.</font></div>
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      10.11<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>No
      Third-Party Beneficiaries</u>.&#160;&#160;Nothing in this Agreement will confer
      any third party beneficiary or other rights upon any person (specifically
      including any employees of The Company) or any entity that is not a party to
      this Agreement.</font></div>
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      10.12<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font>&#160;<u>Validity</u>.&#160;&#160;The
      invalidity or unenforceability of any provision of this Agreement shall not
      affect the validity or enforceability of any other provisions of this Agreement,
      which shall remain in full force and effect.</font></div>
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      10.13<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Further
      Assurances</u>.&#160;&#160;Each party covenants that at any time, and from time
      to time, after the Closing Date, it will execute such additional instruments
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      take such actions as may be reasonably be requested by the other parties to
      confirm or perfect or otherwise to carry out the intent and purposes of this
      Agreement.</font></div>
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      10.14<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><u>Exhibits Not
      Attached</u>.&#160;&#160;Any exhibits not attached hereto on the date of
      execution of this Agreement shall be deemed to be and shall become a part of
      this Agreement as if executed on the date hereof upon each of the parties
      initialing and dating each such exhibit, upon their respective acceptance of
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      terms, conditions and/or form.</font></div>
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      APPEAR ON THE FOLLOWING PAGE.]</font></div><br>
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Stock
          Purchase Agreement - Page
          18</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
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      WITNESS WHEREOF, the undersigned
      have executed this Stock Purchase Agreement to become effective as of the date
      first set forth above.</font></div>
    <div><br></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                CABARET INTERNATIONAL, INC.</strong></font></div>
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          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                Eric Langan</font></div>
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            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                Langan, President</font></div>
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            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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          <tr>
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            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                Norman Hickmore</font></div>
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            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="40%">
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                MANAGEMENT CORPORATION</strong></font></div>
            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
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                Norman Hickmore</font></div>
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            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="40%">
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            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="40%">
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                30, 2007</font></div>
            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="40%">
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                STANTON</strong></font></div>
            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">/s/
                Richard Stanton</font></div>
            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Richard
                Stanton, Individually,</font></div>
            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Shareholder
                of Miami Gardens Square One, Inc.</font></div>
            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">d/b/a
                Tootsie&#8217;s Cabaret, and</font></div>
            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Shareholder
                of Stellar Management Corporation</font></div>
            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>NORMAN
                HICKMORE</strong></font></div>
            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">/s/
                Norman Hickmore</font></div>
            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Norman
                Hickmore, Individually,</font></div>
            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Shareholder
                of Miami Gardens Square One, Inc.</font></div>
            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">d/b/a
                Tootsie&#8217;s Cabaret, and</font></div>
            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Shareholder
                of Stellar Management Corporation</font></div>
            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>

      </table>
    </div><br>
    <div>&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">Stock
      Purchase Agreement - Page 19</font></div>
    <div>
      <hr style="COLOR: black" align="left" noshade size="2" width="100%">
    </div><br></body>
</html>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex10_2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<html>

  <head>
    <title>ex10_2.htm</title>
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  <body bgcolor="#ffffff">
    <div>
      <hr style="COLOR: black" align="left" noshade size="4" width="100%">
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Exhibit
      10.2<br></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>[FORM
      OF]</strong></font></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="justify" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Original
                Issue Date:</font></div>
            </td>
            <td align="right" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">November
                30, 2007</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Original
                Principal Amount:</font></div>
            </td>
            <td align="right" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">$5,000,000.00</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Note
                Number:</font></div>
            </td>
            <td align="right" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">______</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>SECURED
      PROMISSORY NOTE</u></strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font><strong>FOR
      VALUE
      RECEIVED,</strong><strong>RICK&#8217;S CABARET INTERNATIONAL, INC</strong>., a Texas
      corporation, having its principal place of business at 10959 Cutten Road,
      Houston, Texas 77066 (the &#8220;<strong>Company</strong>&#8221; or the
&#8220;<strong>Maker</strong>&#8221;) promises to pay to the order of
<strong>[NAME]</strong>, a resident of Florida,
      or his registered assigns (the
&#8220;<strong>Holder</strong>&#8221;), the principal sum of <strong>FIVE MILLION AND NO/100
      DOLLARS (US$5,000,000.00)</strong> (the &#8220;Original Principal Amount&#8221;) on the
      three (3) year anniversary of the Original Issue Date hereof, being November
      30,
      2010, or such earlier date as this Secured Promissory Note (the
<strong>&#8220;Note&#8221;</strong>) is required or permitted to be repaid as provided
      hereunder, whether by acceleration or otherwise <strong>(</strong>such three (3)
      year anniversary date, the<strong>&#8220;Maturity Date&#8221;)</strong>, and to pay interest
      (computed on a &#8220;simple interest&#8221; basis and on the basis of a 365/366 day year)
      on the unpaid principal balance of this Note, from and after the date hereof
      until maturity, at the rate of fourteen percent (14%) per annum.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>This
      Note is one of a series of duly
      authorized and issued notes (each a &#8220;<strong>Note</strong>&#8221; or collectively the
&#8220;<strong>Notes</strong>&#8221;) of the Company, designated as its Secured
      Promissory
      Notes Due November 30, 2010, in an aggregate principal face amount for all
      Notes
      of this series of Ten Million and no/100 United States Dollars
      (US$10,000,000.00).</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
      Note
      is being given to the Holder by Maker in partial payment of the purchase price
      set forth in that certain Stock Purchase Agreement dated November 30, 2007
      by
      and among Miami Gardens Square One, Inc., a Florida corporation (&#8220;MGSO&#8221;),
      Stellar Management Corporation, a Florida corporation (&#8220;Stellar&#8221;), Holder,
      Richard Stanton (&#8220;Stanton&#8221;) and Maker (the &#8220;<u>Purchase
      Agreement</u>&#8221;).</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
      Note
      is secured by the Collateral described herein and is subject to the following
      additional provisions:</font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>1.</strong></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Terms
                of this Note.</strong></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>1.1</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Principal
      and Interest Payments</strong>.&#160;&#160;Interest shall be due and payable, in
      arrears, in thirty five (35) equal monthly installments of Fifty-eight Thousand
      Three Hundred Thirty-Three Dollars and 33/100 (<strong>$58,333.33)</strong>, on
      the last day of each month, beginning December 31, 2007 and continuing through
      October 31, 2010.&#160;&#160;The principal amount of this Note shall be payable
      in one lump sum payment, along with any accrued and unpaid interest due thereon,
      on the Maturity Date.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>1.2</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Payments</strong>.&#160;&#160;All
      payments on or in respect of this Note shall be made to Holder at 150 NW
      183<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>rd</sup></font> Street,
      Suite 200, Miami Gardens, Florida 33169, or, at such address as Holder may
      designate to Maker in writing pursuant to the provisions of this
      Note.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>1.3</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Collateral;
      Pledge and Security Agreement</strong>.&#160;&#160;This Note is secured by the
      collateral described in that certain Pledge and Security Agreement of even
      date
      herewith by and among the Maker and the Holder (the &#8220;<u>Pledge and Security
      Agreement</u>&#8221;) and is subject to all of the agreements, terms and conditions
      contained therein, all of which are incorporated herein by this
      reference.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>1.4</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Conformance
      with Laws</strong>.&#160;&#160;Notwithstanding any other term of this Note to
      the contrary, it is the intention of the Maker and the Holder to conform
      strictly to any applicable usury laws.&#160;&#160;Accordingly, if the Holder
      contracts for, charges or receives any consideration that constitutes interest
      in excess of the maximum rate permitted by applicable law (the
&#8220;<u>Maximum</u><u>Rate</u>&#8221;), then such excess will be canceled automatically
      and if previously paid will, at the Holder&#8217;s option, be applied to the
      outstanding principal amount under this Note or refunded to the
      Maker.&#160;&#160;In determining whether any interest exceeds the Maximum Rate,
      such interest will, to the extent permitted by applicable law, be amortized,
      prorated, allocated and spread in equal parts throughout the term of this
      Note.&#160;&#160;All agreements made in this Note are expressly limited so that
      in no event whatsoever, whether by reason of advancement of the proceeds of
      this
      Note, acceleration of maturity of the unpaid balance of this Note or otherwise,
      will the amount paid or agreed to be paid to the Holder for the use of the
      money
      advanced or to be advanced under this Note exceed an amount calculated at the
      Maximum Rate.&#160;&#160;If any circumstances whatsoever, including the
      fulfillment of any provision of this Note or any other agreement or instrument
      now or hereafter evidencing, securing or in any way relating to the indebtedness
      evidenced by this Note, will involve the payment of interest in excess of an
      amount calculated at the Maximum Rate, then, <em>ipso facto</em>, the obligation
      to pay interest under this Note will be reduced to such amount.&#160;&#160;This
      Section 1.5 will control every other provision in any and all other agreements
      and instruments existing or hereafter arising between the Maker and the Holder
      with respect to the indebtedness evidenced by this Note.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>1.5</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Prepayment</strong>.&#160;&#160;This
      Note may not be prepaid in whole or in part during the twelve (12) months after
      the Original Issue Date without the prior written consent of the
      Holder.&#160;&#160;Thereafter, this Note may be prepaid in whole or in part
      without the prior consent of the Holder, provided that (i) any prepayment by
      the
      Maker from December 1, 2008 through November 30, 2009 shall be paid at a rate
      of
      110% of the Original Principal Amount and (ii) any prepayment by the Maker
      after
      November 30, 2009 may be prepaid without penalty at a rate of 100% of the
      Original Principal Amount.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>1.6</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Waivers</strong>.&#160;&#160;Except
      as otherwise provided in this Note, Maker waives presentment, demand, protest
      and notice of every kind whatsoever.&#160;&#160;The failure of the Holder to
      exercise any of his rights under this Note in any particular instance will
      not
      constitute a waiver of the same or of any other right in that or any subsequent
      instance.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Events
      of Default and Remedies.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2.1</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>DEFAULT.&#160;&#160;</strong>Each
      of the following constitutes an event of default (&#8220;Event of Default&#8221;) under this
      Note:</font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Maker
                fails to make any principal or interest payment when due under this
                Note;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Any
                representation or warranty made or deemed made by Maker in this Note
                or in
                any certificate, report, notice, or statement furnished at any time
                in
                connection with this Note is false or misleading in any material
                respect
                on the date when made or deemed to have been
                made;</font></div>
            </td>
          </tr>

      </table>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Secured
          Promissory Note - Page
          2</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Maker
                shall fail to perform, observe, or comply with any covenant, agreement
                or
                term contained in this Note and such failure continues, without cure,
                for
                twenty (20) business days after written notice to
                Maker;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Maker,
                MGSO or Stellar (or any of same) shall commence a voluntary proceeding
                seeking liquidation, reorga&#173;nization, or other relief with respect to
                itself or its debts under any bankruptcy, insolvency or other similar
                law
                now or hereafter in effect or seeking the appointment of a trustee,
                receiver, liquidator, custodian, or other similar official of it
                or a
                substantial part of its property or shall consent to any such relief
                or to
                the appointment of or taking possession by any such official in an
                involuntary case or other proceeding commenced against it or shall
                make a
                general assignment for the benefit of creditors or shall take any
                corporate action to authorize any of the foregoing;
                or</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(e)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">An
                involuntary proceeding shall be commenced against Maker, MGSO or
                Stellar
                seeking liquidation, reorganization, or other relief with respect
                to it or
                its debts under any bankruptcy, insolvency or other similar law now
                or
                hereafter in effect or seeking the appointment of a trustee, receiver,
                liquidator, custodi&#173;an or other similar official of it or a
                substantial part of its property, and such involuntary proceeding
                shall
                remain undismissed and unstayed for a period of sixty (60) days after
                commencement.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2.2</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Default
      Interest.</strong>&#160;&#160;Maker agrees that if Maker shall default in the
      payment of any payment required hereunder, whether payment of principal or
      interest, the Maker promises to pay, on demand, interest on any such unpaid
      amounts, from the date the payment is due to the date of actual payment, at
      the
      rate (the &#8220;<strong>Default Rate</strong>&#8221;) of the lesser of (i) 18% per annum;
      and (ii) the maximum nonusurious rate permitted by applicable law.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2.3</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Remedies.</strong>&#160;&#160;In
      case any one or more of the Events of Default specified in Section&#160;2.1 has
      occurred, Holder will have the right to accelerate payment of the entire
      principal of, and all interest accrued on, this Note, and, upon such
      acceleration, this Note will thereupon become due and payable, without any
      presentment, demand, protest or other notice of any kind, all of which are
      expressly waived, and the Maker will forthwith pay to the Holder the entire
      outstanding principal of, and interest accrued on, this
      Note.&#160;&#160;Additionally, Holder shall have all of the rights and remedies
      available to Holder pursuant to the Pledge and Security Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2.</strong><strong>4</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Attorney&#8217;s
      Fees; Expenses.&#160;&#160;</strong>Holder may hire an attorney to help collect
      this Note if Maker does not pay, and Maker will pay Holder&#8217;s reasonable
      attorneys&#8217; fees.&#160;&#160;Maker also will pay Holder all other amounts Holder
      actually incurs as court costs, lawful fees for filing, recording, releasing
      to
      any public office any instrument securing this Note; the reasonable cost
      actually expended for repossessing, storing, preparing for sale, and selling
      any
      security.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2.5</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Cure
      Provisions.</strong></font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>(a)</strong></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
                the event of a default in payment as set forth in Section 2.1(a),
                such
                default may be cured if Maker cures the default within ten (10) days
                after
                the due date of any such
                payment.</font></div>
            </td>
          </tr>

      </table>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Secured
          Promissory Note - Page
          3</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>(b)</strong></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">If
                any default, other than a default in payment is curable, it may be
                cured
                if Maker, after receiving written notice from Holder demanding cure
                of
                such default:&#160;&#160;(i) cures the default within twenty (20) business
                days; or (ii) if the cure requires more than twenty (20) business
                days,
                immediately initiates steps which Holder deems in Holder&#8217;s discretion to
                be sufficient to cure the default and thereafter continues and completes
                all reasonable and necessary steps sufficient to produce compliance
                as
                soon as reasonably practical.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>3.</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Miscellaneous</strong>.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>3.1</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Jurisdiction</strong>.&#160;&#160;Any
      action or proceeding seeking to enforce any provision of this Note must be
      brought in any of the courts of the State of Florida sitting in Dade County,
      or,
      if it has or can acquire jurisdiction, in the United States District Court
      in
      Florida, sitting in Dade County, and each of the Maker and the Holder consents
      to the exclusive jurisdiction of such courts (and of the appropriate appellate
      courts) in any such action or proceeding and waives any objection to venue
      in
      such courts.&#160;&#160;If the Holder commences any action or proceeding seeking
      to enforce any provision of this Note in any other jurisdiction, then the Maker
      will be entitled to have such action or proceeding transferred to one of the
      jurisdictions described above, or, if such transfer may not be accomplished
      under applicable law, then to have such action or proceeding dismissed without
      prejudice.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>3.2</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Amendment
      and Waiver</strong>.&#160;&#160;This Note may be amended, and the observance of
      any term of this Note may be waived or consented to, with and only with the
      written consent of the Maker and the Holder.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>3.3</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Waiver</strong>.&#160;&#160;Any
      waiver or failure to insist upon strict compliance with any obligation,
      covenant, agreement or condition of this Note will not operate as a waiver
      of,
      or estoppel with respect to, any subsequent or other failure.&#160;&#160;Any
      waiver of any provision of this Note shall be made pursuant to the provisions
      of
      Section 3.2.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font><strong>3.4</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Notices</strong>.&#160;&#160;Any
      notice, consent, or other communication required or permitted to be given under
      this Note to the Maker or the Holder shall be in writing and shall be deemed
      to
      have been duly given if delivered personally or sent by registered or certified
      mail, return receipt requested, postage prepaid, or nationally recognized
      overnight air courier guaranteeing next day delivery as follows:</font></div>
    <div><br></div>
    <div style="MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
      <table cellpadding="0" cellspacing="0" width="92%">

          <tr>
            <td align="justify" valign="top" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(a)</font></div>
            </td>
            <td align="justify" valign="top" width="34%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">if
                to Holder:</font></div>
            </td>
            <td align="justify" valign="top" width="54%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">150
                NW 183<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>rd</sup></font>
                Street, Suite 200</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="54%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Miami
                Gardens, Florida&#160;&#160;33169</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="54%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(b)</font></div>
            </td>
            <td align="justify" valign="top" width="34%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">If
                to Maker:</font></div>
            </td>
            <td align="justify" valign="top" width="54%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Rick&#8217;s
                Cabaret International, Inc.</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="54%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Attn:&#160;&#160;Eric
                Langan, President/CEO</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="54%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">10959
                Cutten Road</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="54%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Houston,
                Texas&#160;&#160;77066</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="54%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">with
                a copy to:</font></div>
            </td>
            <td align="justify" valign="top" width="54%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Robert
                D. Axelrod</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="54%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Axelrod,
                Smith &amp; Kirshbaum</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="54%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">5300
                Memorial Drive, Suite 700</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="54%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Houston,
                Texas&#160;&#160;77007</font></div>
            </td>
          </tr>

      </table>
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    <div>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
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        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Secured
          Promissory Note - Page
          4</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Any
      such
      notice, consent, or other communication shall be deemed to have been duly
      given:&#160;&#160;at the time delivered by hand, if personally delivered; three
      days after being deposited in the mail, postage prepaid, sent certified mail,
      return receipt requested, if mailed; and the next day after timely delivery
      to
      the courier, if sent by overnight air courier guaranteeing next day
      delivery.&#160;&#160;If a notice or communication is mailed in the manner
      provided above within the time prescribed, it is duly given, whether or not
      the
      addressee receives it.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>3.5</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Governing
      Law</strong>.&#160;&#160;This Note will be governed by the laws of the State of
      Florida without regard to the conflicts of law principles of any
      jurisdiction.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>3.6</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Entire
      Agreement</strong>.&#160;&#160;This Note, the Purchase Agreement and the Pledge
      and Security Agreement constitute the entire agreement of the Maker and the
      Holder with respect to the subject matter contained in this Note and supersede
      all prior agreements and undertakings between the Maker and the Holder with
      respect to the transactions contemplated hereby.&#160;&#160;There are no
      restrictions, promises, representations, warranties, covenants or undertakings,
      other than those expressly provided for in this Note.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>3.7</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Severability</strong>.&#160;&#160;If
      any term, provision, covenant, agreement or restriction of this Note is held
      by
      a court of competent jurisdiction to be invalid, void or unenforceable, then
      the
      remainder of the terms, provisions, covenants, agreements and restrictions
      of
      this Note will continue in full force and effect and will in no way be affected,
      impaired or invalidated.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" colspan="2" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>MAKER:</strong></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" colspan="2" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Rick&#8217;s
                Cabaret International, Inc.,</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" colspan="2" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">a
                Texas Corporation</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:</font></div>
            </td>
            <td align="justify" valign="top" width="46%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="46%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Eric
                Langan, President</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">Secured
      Promissory Note - Page 5</font>
      <div>
        <hr style="COLOR: black" align="left" noshade size="2" width="100%">
      </div>
    </div>
  </body>
</html>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>ex10_3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
<html>

  <head>
    <title>ex10_3.htm</title>
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    <div>
      <hr style="COLOR: black" align="left" noshade size="4" width="100%">
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Exhibit
      10.3</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>PLEDGE
        AND SECURITY AGREEMENT</u></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Common
        Stock)</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>This
        Pledge and Security Agreement
        (this &#8220;Agreement") is made effective as of November 30, 2007 ("Effective Date"),
        by and between <strong>RICK&#8217;S CABARET INTERNATIONAL, INC.,</strong> a Texas
        corporation<strong>&#160;</strong>(&#8220;Pledgor&#8221;), and the Sellers identified on the
        signature pages hereto (each, a &#8220;Seller&#8221; and collectively, the &#8220;Sellers&#8221;) and
<strong>RICHARD STANTON and NORMAN HICKMORE</strong>, as agents for the Sellers
        (in such capacity, together with its successors in such capacity, the
&#8220;Agent&#8221;).</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>RECITALS:</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>WHEREAS,
        Pledgor and Sellers have
        entered into a Stock Purchase Agreement dated November 30, 2007 (the &#8220;Purchase
        Agreement&#8221;), pursuant to which Pledgor will acquire 100% of the issued and
        outstanding common stock (the &#8220;Stellar Stock&#8221;) of Stellar Management
        Corporation, a Florida corporation (&#8220;Stellar&#8221;) and 100% of the issued and
        outstanding common stock (the &#8220;MGSO Stock&#8221;) of Miami Gardens Square One, Inc., a
        Florida corporation (&#8220;MGSO&#8221;) which owns and operates an adult entertainment
        cabaret known as &#8220;Tootsie&#8217;s Cabaret&#8221; located at 150 NW 183<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>rd</sup></font> Street,
        Miami
        Gardens, Florida 33169 (&#8220;Tootsie&#8217;s&#8221;) ; and</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">WHEREAS,
        pursuant to the Purchase Agreement and as part of the Purchase Price thereunder,
        Pledgor will pay $25,000,000 for the MGSO Stock and the Stellar Stock,
        $10,000,000 of which amount is payable and evidenced by a series of 14% Secured
        Promissory Notes in the aggregate original principal amount of $10,000,000
        bearing interest at the rate of fourteen percent (14%) per annum payable
        to
        Sellers (the &#8220;Notes&#8221;) pursuant to which the principal amount will be payable in
        a lump sum payment on the three (3) year anniversary of the Notes as more
        fully
        described in the Purchase Agreement; and</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>WHEREAS,
        the Notes provide that the
        Pledgor shall pledge and grant a security interest in the Collateral (as
        hereinafter defined) as security for the Obligations (as hereinafter defined)
        under the Notes; and</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>WHEREAS,
        as part of the Purchase Price
        for the MGSO Stock and Stellar Stock, this Agreement shall have been executed
        and delivered by Pledgor; and</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">WHEREAS,
        Pledgor has determined that Pledgor's execution, delivery and performance
        of
        this Agreement may reasonably be expected to provide substantial benefit
        to
        Pledgor, directly or indirectly, and to be in the best interests of
        Pledgor.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">NOW,
        THEREFORE, FOR VALUE RECEIVED, the sufficiency of which is acknowledged by
        the
        parties, the parties hereto agree as follows:</font></div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Pledge
            and Security Agreement - Page
            1</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
        I</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Security
        Interest and Pledge</u></strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        1.01.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Defined
        Terms and
        Related Matters</u></strong>.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Capitalized
        terms used and not otherwise defined herein that are defined in the Notes
        shall
        have the meanings specified therein.&#160;&#160;Capitalized terms used and not
        otherwise defined herein or in the Notes that are defined in the Purchase
        Agreement shall have the meanings specified therein.&#160;&#160;Terms defined in
        the singular include the plural and terms defined in the plural include the
        singular.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
        words "hereof", "herein" and "hereunder" and words of similar import when
        used
        in this Agreement shall refer to this Agreement as a whole and not to any
        particular provision of this Agreement.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Unless
        otherwise defined herein or in the Purchase Agreement, the terms defined
        in
        Articles 8 and 9 of the Uniform Commercial Code as enacted in the State of
        Florida as in effect from time to time (the "Code"), are used herein as therein
        defined.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;"<u>Pledged
        Securities</u>" means (i) 2,000 shares of common stock of MGSO which represents
        100% of the issued and outstanding common stock of MGSO; and (ii) 100 shares
        of
        the common stock of Stellar which represents 100% of the issued and outstanding
        common stock of Stellar, all of which Pledgor acquired pursuant to the Purchase
        Agreement.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        1.02<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Security
        Interest and
        Pledge</u></strong><strong>.</strong>&#160;&#160;Subject to the terms of this
        Agreement, Pledgor hereby pledges and delivers to the Sellers, and hereby
        grants
        to the Sellers, pro rata&#160;&#160;as listed in Schedule &#8220;A&#8221; to the Purchase
        Agreement, a lien on and security interest in and to all of Pledgor's rights,
        titles, interests and privileges in and with respect to the Pledged Securities,
        whether now owned or hereafter acquired, including, without limitation: (a)
        the
        MGSO Stock and the Stellar Stock; (b) all certificates or instruments
        representing Pledged Securities and all proceeds, income and profits thereon,
        and all interest, dividends and other payments, property, revenues, and
        distributions with respect thereto; (c) all proceeds received or receivable
        by
        Pledgor in cash, stock or otherwise, from any recapitalization,
        reclassification, merger, dissolution, liquidation or other termination of
        the
        existence of MGSO or Stellar relating to the Pledged Securities; and (d)
        all
        other proceeds or assets received or receivable by Pledgor in respect of
        its
        status as the owner of the MGSO Stock or the Stellar Stock with respect to
        the
        Pledged Securities (all such property, collectively, the
        "Collateral").</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        1.03.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Obligations
        Secured</u></strong><strong>.</strong>&#160;&#160;This Agreement secures: (a)
        all obligations under the Notes, including the full and prompt payment of
        the
        principal of, interest on, and all other amounts due with respect to the
        Notes
        from time to time outstanding, as and when such amounts shall become due
        and
        payable, whether by lapse of time, upon redemption, prepayment or purchase,
        by
        extension or by acceleration or declaration or otherwise; (b) the full and
        prompt payment, performance and observance by Pledgor of all obligations,
        covenants, conditions and agreements contained in this Agreement; and (c)
        the
        full and prompt payment, upon demand by the Sellers, of all costs and expenses
        (including, without limitation, reasonable attorneys' fees), if any, as shall
        have been expended or incurred by the Sellers in the protection or enforcement
        of any right or privilege under the Notes or this Agreement, or in the
        protection or enforcement of any rights, privileges or liabilities thereunder
        (all such obligations, covenants, conditions and agreements described in
        the
        foregoing clauses (a), (b) and (c) being hereinafter collectively referred
        to as
        the "Obligations&#8221;.</font></div><br>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        1.04.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Formalities.</u></strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;All
        certificates and instruments representing the Pledged Securities have been,
        or,
        in the case of all Pledged Securities hereafter acquired, immediately upon
        acquisition shall be, delivered to and shall be held by the Agent on behalf
        of
        the Sellers pursuant hereto in suitable form for transfer by delivery, or
        accompanied by undated stock powers or other instruments of transfer or
        assignment, duly executed in blank, all in form and substance satisfactory
        to
        the Agent.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Notwithstanding
        anything to the contrary contained in clause (a) above, if any Pledged
        Securities (whether now owned or hereafter acquired) are uncertificated
        securities, Pledgor shall promptly notify the Agent, and shall promptly,
        without
        the need for any request from the Agent, take all actions required to perfect
        the security interest of the Sellers under applicable law (including, in
        any
        event, under the provisions of Article 8 or 9 of the Code, if
        applicable).&#160;&#160;Pledgor further agrees to take such actions as the Agent
        deems necessary or desirable to effect the foregoing and to permit the Agent
        to
        exercise any rights and remedies on behalf of the Sellers
        hereunder.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
        Agent shall have the right, at any time in its reasonable discretion and
        without
        notice to any Pledgor, to (i) transfer to any of its nominees any or all
        of the
        Collateral, subject only to the revocable rights set forth in Section 4.01
        hereof and applicable law, and (ii) so long as an Event of Default shall
        have
        occurred and be continuing, to register any or all of the Collateral in Agent&#8217;s
        or Sellers&#8217; own names.&#160;&#160;In addition, the Agent shall have the right at
        any time to exchange certificates or instruments representing or evidencing
        Collateral for certificates or instruments of smaller or larger
        denominations.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Pledgor
        hereby authorizes the Agent, at the expense of Pledgor (including the fees
        and
        expenses of counsel to the Agent on behalf of the Sellers), to file one or
        more
        financing or continuation statements, and amendments thereto, relating to
        all or
        any part of the Collateral without the signature of Pledgor where permitted
        by
        law.&#160;&#160;A photocopy or other reproduction of this Agreement or any
        financing statement covering the Collateral or any part thereof shall be
        sufficient as a financing statement where permitted by law.&#160;&#160;Pledgor
        understands and agrees that even though the Agent has no obligation to do
        so,
        with respect to any financing statement, the Agent intends to file (at the
        expense of Pledgor, including the fees and expenses of counsel to the Agent
        on
        behalf of the Sellers) any continuation statement or amendment where failure
        to
        so file could reasonably be expected to result in the potential lapse of
        such
        financing statement at any time within three months of any such proposed
        filing.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each
        Seller hereby agrees to appoint Richard Stanton and Norman Hickmore as its
        Agent
        for purposes of this Agreement.&#160;&#160;The Agent may employ agents and
        attorneys-in-fact in connection herewith and shall not be responsible for
        the
        negligence or misconduct of any such agents or attorneys-in-fact selected
        by it
        in good faith.</font></div><br>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each
        of the Sellers hereby, severally and not jointly, covenants and agrees to
        reimburse, <strong>INDEMNIFY</strong> and hold the Agent harmless from and
        against any and all claims, actions, judgments, damages, losses, liabilities,
        costs, transfer or other taxes, and expenses (including, without limitation,
        reasonable attorneys&#8217; fees and expenses) incurred or suffered without any bad
        faith, gross negligence or willful misconduct by the Agent, arising out of
        or
        incident to this Agreement or the administration of the Agent&#8217;s duties
        hereunder, or resulting from its actions or inactions as Agent.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
        II</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Representations
        and Warranties</u></strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        2.01&#160;&#160;<strong><u>Representations and Warranties</u></strong>. Pledgor
        represents, warrants, and covenants to Sellers as follows:</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
        Pledged Securities outstanding on the date hereof: (i) are described in
<u>Schedule A</u> hereto; (ii) have been duly and validly issued; and (iii) are
        subject to no options, warrants, calls, liens, pledges, or commitments of
        any
        character whatsoever relating thereto.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Any
        instruments of transfer or assignment relating to certificates representing
        or
        evidencing the Pledged Securities, executed in blank and delivered by Pledgor
        to
        the Agent herewith, have been duly executed by Pledgor and vest in the Sellers
        the authority that they purport to confer.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
        principal place of business and chief executive office of Pledgor and the
        sole
        location where the records of Pledgor with respect to the Collateral are
        kept
        are located at the address set forth on <u>Schedule B</u> attached
        hereto.&#160;&#160;Pledgor shall not move its chief executive office, principal
        place of business, or such location of records unless it shall have given
        to the
        Agent not less than twenty (20) days' prior written notice of its intention
        so
        to do, clearly describing such new location and providing such other information
        in connection therewith as the Agent may reasonably request.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
        jurisdiction of organization of Pledgor is as set forth on <u>Schedule B</u>
        attached hereto.&#160;&#160;As of the date hereof, Pledgor does not have or
        operate under, nor has it had or operated under, in any jurisdiction at any
        time
        prior to the date hereof, any name except its legal name as set forth on
        the
        signature pages hereto, nor has Pledgor ever been organized under the laws
        of
        any jurisdiction other than the jurisdiction specified on Schedule B attached
        hereto.&#160;&#160;Pledgor shall not change its legal name, assume or operate in
        any jurisdiction under any trade, fictitious or other name or change its
        jurisdiction of organization unless (i) it shall have given to the Agent
        not
        less than twenty (20) days' prior written notice of its commencing to do
        so,
        clearly describing such new name and the jurisdictions in which such new
        name
        shall be used or such new jurisdiction of organization and providing such
        other
        information in connection therewith as the Agent may reasonably request and
        (ii)
        with respect to such new name or jurisdiction of organization, Pledgor shall
        have taken all reasonable action, reasonably satisfactory to the Agent, to
        maintain the security interest of the Sellers in the Collateral intended
        to be
        granted hereby at all times fully perfected and in full force and
        effect.</font></div><br>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Pledgor
        is the legal and beneficial owner of the Collateral free and clear of any
        lien
        or security interest (except the liens and security interests created herein),
        and Pledgor has not sold, granted any option with respect to, assigned,
        transferred or otherwise disposed of any of its rights or interests in or
        to
        such Collateral.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Except
        as set forth in Exhibit 2.01(f), no effective financing statement or other
        document similar in effect covering all or any part of Pledgor's portion
        of the
        Collateral is on file in any recording office, except such as may have been
        filed in favor of the Sellers relating to this Agreement, and Pledgor has
        not
        authorized the filing of any such financing statement or other
        document.&#160;&#160;Pledgor will not, without the prior written consent of the
        Agent, authorize or authenticate any such financing statements after the
        date
        hereof, and there will not ever be on file in any public office, any enforceable
        financing statement or statements covering any or all of the Collateral,
        except
        financing statements filed or to be filed in favor of the Sellers.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No
        consent, authorization, approval or other action by, and no notice to or
        filing
        with, any governmental authority or any other Person is required: (i) for
        the
        valid execution, delivery and performance by Pledgor of this Agreement; (ii)
        for
        the pledge by Pledgor of a security interest in the Collateral or for the
        granting, perfection and maintenance of the liens and security interests
        created
        hereby and the first priority nature of such liens and security interests
        (other
        than the timely and proper filing of financing statements and continuation
        statements related thereto); or (iii) for the exercise by the Agent of the
        voting or other rights provided for in this Agreement or the remedies in
        respect
        of Pledgor's portion of the Collateral pursuant to this Agreement (except
        as may
        be required in connection with such disposition by laws affecting the offering
        and sale of securities generally).</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;This
        Agreement has been duly authorized, executed and delivered by Pledgor and
        constitutes a legal, valid and binding obligation of Pledgor, enforceable
        against Pledgor in accordance with its terms, except to the extent that the
        enforceability hereof may be limited by applicable bankruptcy, insolvency,
        reorganization, moratorium or other similar laws affecting creditors' rights
        generally and by equitable principles (regardless of whether enforcement
        is
        sought in equity or at law).</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
        execution, delivery and performance of this Agreement is not in conflict
        with
        and does not violate any instrument or agreement to which Pledgor is a party
        or
        by which Pledgor is bound.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(j)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Pledgor
        covenants and agrees that it will defend the Sellers&#8217; right, title and security
        interest in and to the Collateral and the proceeds thereof against the claims
        and demands of all persons whomsoever, and Pledgor covenants and agrees that
        it
        will have like title to and right to pledge any other property at any time
        hereafter pledged by Pledgor to the Sellers as Collateral hereunder and will
        likewise defend the right thereto and the security interest therein of the
        Sellers.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(k)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Except
        as permitted by the Agent, Pledgor will not sell, assign, or otherwise dispose
        of, grant any option with respect to, or pledge, grant a security interest
        in or
        otherwise encumber any of the Collateral or any interest therein, or suffer
        any
        of the same to exist, and any sale, assignment, option, pledge, security
        interest or other encumbrance or disposition of any nature whatsoever made
        in
        violation of this covenant shall be a nullity and of no force and effect,
        and
        upon demand of the Agent, shall forthwith be canceled or satisfied by an
        appropriate instrument in writing.</font></div><br>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        representations and warranties set forth in this Section 2.01 shall survive
        the
        execution and delivery of this Agreement.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
        III</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Affirmative
        and Negative Covenants</u></strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Pledgor
        covenants and agrees with
        Sellers that until the Obligations are satisfied and performed in
        full:</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        3.01.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Encumbrances</u></strong><strong>.</strong>&#160;&#160;Pledgor
        shall not create, permit, or suffer to exist, and shall defend the Collateral
        against, any lien, security interest, or other encumbrance on the Collateral
        except the pledge and security interest of Sellers hereunder and the pledge
        and
        security interests referenced in Section 1.02 above, and shall defend Pledgor's
        rights in the Collat&#173;eral and Sellers&#8217; security interest in the
        Collater&#173;al against the claims of all persons or entities
        whatsoever.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        3.02.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Sale of
        Collateral</u></strong><strong>.&#160;&#160;</strong>Pledgor shall not sell,
        assign, or otherwise dispose of the Collateral or any part thereof, or attempt
        to sell, assign, or otherwise dispose of the Collateral or any part thereof,
        without the prior written consent of the Agent.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        3.03.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Further
        Assurances</u></strong><strong>.</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;At
        any time and from time to time, upon the request of the Agent, and at the
        sole
        expense of Pledgor, Pledgor shall promptly execute and deliver all such further
        instruments and documents and take such further action as the Agent may deem
        necessary or desirable to preserve and perfect its security interest in the
        Collateral and carry out the provisions and purposes of this Agreement,
        including, without limitation, the execution and/or filing of such financing
        statements as the Agent may require (and any such filing is hereby authorized
        by
        Pledgor).&#160;&#160;A carbon, photographic, or other reproduction of this
        Agreement or of any financing statement covering the Collateral or any part
        thereof shall be sufficient as a financing statement and may be filed as
        a
        financing statement.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(b)&#160;&#160;In
        addition to
        performing its obligations under Section 3.03 (a) above, Pledgor will, upon
        acquiring any additional Pledged Securities, promptly (and in any event within
        ten business days) deliver to the Agent a Supplement to Pledge Agreement,
        duly
        executed by the Pledgor, in substantially the form of <u>Annex A</u> hereto
        (each, a "Supplement to Pledge Agreement"), identifying such additional Pledged
        Securities.&#160;&#160;Pledgor hereby authorizes the Agent to attach each
        Supplement to Pledge Agreement to this Agreement and agrees that all additional
        Pledged Securities listed on any Supplement to Pledge Agreement (including
        any
        schedules(s) thereto) delivered to the Agent shall for all purposes hereunder
        constitute Collateral.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        3.04.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Obligations</u></strong><strong>.&#160;&#160;</strong>Pledgor
        shall duly and punc&#173;tually pay and perform the Obligations, including
        without limita&#173;tion, the obligations of Pledgor under this
        Agreement.</font></div><br>
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            and Security Agreement - Page
            6</font></div>
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      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        3.05.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Notification</u></strong><strong>.&#160;&#160;</strong>Pledgor
        shall promptly notify the Agent of any lien, security interest, encumbrance
        or
        claim made or threatened against the Collateral.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        3.06.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Compliance
        with
        Laws</u></strong><strong>.</strong>&#160;&#160;Pledgor shall comply with all
        applicable laws, rules, regulations, and orders of any court or governmental
        authority.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
        IV</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Rights
        of Sellers and Pledgor</u></strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        4.01.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Voting
        Rights</u></strong><strong>.</strong> So long as no Event of Default (as
        hereinafter defined) shall have occurred and be continuing and this Agreement
        is
        in force and effect, Pledgor shall be entitled to exercise any voting and
        other
        consensual rights relating or pertaining to the Collateral or any part
        thereof&#160;&#160;provided, however, that no vote shall be cast or consent,
        waiver or ratification given or action taken that would be inconsistent with
        or
        violate any provision of this Agreement.&#160;&#160;Upon the occurrence and
        during the continuance of an Event of Default, at the sole option of the
        Agent,
        all voting rights shall thereupon become vested in the Sellers or their
        assignee, who shall thereupon have the sole right to exercise or to assign
        the
        right to exercise such voting and other consensual rights.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        4.02.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Dividends;
        Distributions.</u></strong> Until an Event of Default occurs and is continuing,
        Pledgor shall be entitled to receive, retain and use any and all dividends,
        distributions and other payments paid in respect of the Collateral to the
        extent
        not otherwise prohibited hereby; provided, however, that any and
        all</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 72pt;"></font>(A)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;dividends,
        distributions and other amounts paid or payable other than in cash in respect
        of, and instruments and other property (including, without limitation, capital
        stock in MGSO or Stellar) received, receivable or otherwise distributed in
        respect of, or in exchange for, any of the Collateral;</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 72pt;"></font>(B)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;dividends
        or distributions hereafter paid or payable in cash in respect of any of the
        Collateral in connection with a partial or total liquidation or dissolution;
        and</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 72pt;"></font>(C)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;cash
        paid, payable or otherwise distributed in redemption of, or in exchange for,
        any
        Pledgor's portion of the Collateral;</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">shall
        be,
        and shall be forthwith delivered to the Agent to hold as Collateral and shall,
        if received by Pledgor, be received in trust for the benefit of the Sellers,
        be
        segregated from the other property or funds of Pledgor and be forthwith
        delivered to the Agent as Collateral in the same form as so received (with
        any
        necessary endorsement).</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>4.03.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Exercise
        of
        Rights.</u></strong>&#160;&#160;Upon the occurrence and during the continuance
        of an Event of Default:</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the
        Agent shall, without notice to Pledgor, transfer or register in the name
        of the
        Sellers or any of their nominees any or all certificates, if any, of the
        Collateral held by the Agent on behalf of the Sellers hereunder, and the
        Agent
        may thereafter, after delivery of notice to Pledgor, exercise all voting
        or
        other corporate rights with respect to the Collateral (in each such case
        whether
        exercisable at any meeting of the issuer of that Collateral or by written
        consent or otherwise) and any and all rights of conversion, exchange,
        subscription or any other rights, privileges or options pertaining to any
        of the
        Collateral, as if it were the absolute owner thereof, including, without
        limitation, the right to exchange at its discretion any and all of the
        Collateral upon the merger, consolidation, reorganization, recapitalization
        or
        other readjustment of the issuer of that Collateral or upon the exercise
        by the
        applicable Pledgor or the Agent of any right, privilege or option pertaining
        to
        any certificates of the Collateral, and in connection therewith, to deposit
        and
        deliver any and all of the Collateral with any committee, depositary, transfer
        agent, registrar or other designated agency upon such terms and conditions
        as it
        may determine, all without liability except to account for property actually
        received by it, but the Agent shall have no duty to exercise any of the
        aforesaid rights, privileges or options, and the Agent shall not be responsible
        for any failure to do so or delay in so doing.</font></div><br>
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            and Security Agreement - Page
            7</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;All
        rights of the Pledgor to exercise the voting and other consensual rights
        which
        it would otherwise be entitled to exercise pursuant to Section 4.01 hereof
        and
        to receive the dividends, distributions and other payments which it would
        otherwise be authorized to receive and retain pursuant to Section 4.02 hereof
        shall cease, and all such rights shall thereupon become vested in the Agent
        which shall thereupon have the sole right to exercise such voting and other
        consensual rights and to receive and hold as Collateral such dividends,
        distributions and other payments on behalf of the Sellers.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;All
        dividends, distributions or other payments which are received by Pledgor
        contrary to the provisions of this Article shall be received in trust for
        the
        benefit of the Sellers, shall be segregated from other funds of Pledgor,
        and
        shall be forthwith paid over to the Agent for the benefit of the Sellers
        as
        Collateral in the same form as so received (with any necessary
        endorsement).</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Pledgor
        shall execute and deliver (or cause to be executed and delivered) to the
        Agent
        all such instruments as the Agent may reasonably request for the purpose
        of
        enabling the Agent to exercise the voting and other rights to which it is
        entitled to exercise on behalf of the Sellers pursuant to this Article and
        to
        receive the dividends, distributions or other payments which it is entitled
        to
        receive and retain on behalf of the Sellers pursuant to this
        Article.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        4.04.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Agent Appointed
        Attorney-in-Fact</u></strong>.&#160;&#160;Pledgor hereby irrevocably designates,
        makes, constitutes and appoints the Agent as Pledgor's attorney-in-fact,
        with
        full authority in the place and stead of Pledgor and in the name of Pledgor
        or
        otherwise, from time to time in the Agent's discretion, to take any action
        and
        to execute any agreement, document or instrument which the Agent may deem
        necessary or advisable to accomplish the purposes of this Agreement, including,
        without limitation:</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;upon
        the occurrence and during the continuance of an Event of Default, to ask,
        demand, collect, sue for, recover, compromise, receive and give acquittance
        and
        receipts for monies due and to become due under or in connection with the
        Collateral;</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;upon
        the occurrence and during the continuance of an Event of Default, to receive,
        indorse and collect any drafts or other instruments, documents and chattel
        paper, in connection therewith; and</font></div><br>
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            and Security Agreement - Page
            8</font></div>
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      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;upon
        the occurrence and during the continuance of an Event of Default, to file
        any
        claims or take any action or institute any proceedings that the Agent may
        deem
        necessary or desirable for the collection of any of the Collateral or otherwise
        to enforce the rights of the Sellers with respect to any of the
        Collateral.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        4.05.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Performance
        by Agent
        of Pledgor's Obligations</u></strong><strong>.&#160;&#160;</strong>If Pledgor
        fails to perform or comply with any of the agreements contained herein and
        Agent
        shall cause performance of or compliance with such agreement, the expenses
        of
        Agent, together with interest thereon at the Default Rate (as defined in
        the
        Notes) shall be payable by Pledgor to Agent on demand and shall consti&#173;tute
        Obligations secured by this Agreement.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        4.06.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Possession;
        Reasonable
        Care</u></strong>.&#160;&#160;The powers conferred on the Agent hereunder are
        solely to protect its interest in the Collateral and shall not impose any
        duty
        upon Agent to exercise any such powers.&#160;&#160;Except for the safe custody
        of any Collateral in its possession and the accounting for monies actually
        received by it hereunder, the Agent shall have no duty as to any Collateral
        or
        as to the taking of any necessary steps to preserve rights against prior
        parties
        or any other rights pertaining to any Collateral.&#160;&#160;The Agent shall
        hold in its possession all Collateral pledged, assigned or transferred
        hereunder, except as from time to time any documents or instruments may be
        required for recordation or for the purpose of enforcing or realizing upon
        any
        right or value thereby represented.&#160;&#160;The Agent may, from time to time,
        in its sole discretion, appoint one or more agents to hold physical custody,
        for
        the account of the Sellers, of any or all of the Collateral.&#160;&#160;The
        Agent shall be deemed to have exercised reasonable care in the custody and
        preservation of any Collateral in its possession if such Collateral is accorded
        treatment substantially equal to that which the Agent accords its own property,
        it being understood that the Agent shall not have any responsibility for
        (a)
        ascertaining or taking action with respect to calls, conversions, warrants,
        exchanges, maturities, tenders or other matters relative to any Collateral,
        whether or not the Agent has or is deemed to have knowledge of such matters,
        or
        (b) taking any necessary steps to preserve rights against any parties with
        respect to any Collateral.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        4.07.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Release
        of
        Collateral.</u></strong><strong>&#160;</strong>The Agent shall release the
        Collateral upon the terms and conditions set forth in the Notes.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
        V</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Default</u></strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        5.01.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Events of
        Default</u></strong><strong>.</strong>&#160;&#160;Each of the following shall be
        deemed an "Event of Default":</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">an
        Event
        of Default occurs under terms of the Notes;</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Any
        representation or warranty made or deemed made by Pledgor in this Agreement
        or
        in any certificate, report, notice, or statement furnished at any time in
        connection with this Agreement or the Notes is false or misleading in any
        material respect on the date when made or deemed to have been
        made.</font></div><br>
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            and Security Agreement - Page
            9</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pledgor
        shall fail to perform, observe, or comply with any covenant, agreement or
        term,
        other than a monetary default, contained in this Agreement and such failure
        continues, without cure, for twenty (20) business days after written notice
        to
        Pledgor.</font></div>
      <div style="MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pledgor,
        MGSO or Stellar (or any of same) shall commence a voluntary proceeding seeking
        liquidation, reorga&#173;nization, or other relief with respect to itself or its
        debts under any bankruptcy, insolvency or other similar law now or hereafter
        in
        effect or seeking the appointment of a trustee, receiver, liquidator, custodian,
        or other similar official of it or a substantial part of its property or
        shall
        consent to any such relief or to the appointment of or taking possession
        by any
        such official in an involuntary case or other proceeding commenced against
        it or
        shall make a general assignment for the benefit of creditors or shall take
        any
        corporate action to authorize any of the foregoing.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(e)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">An
        involuntary proceeding shall be commenced against Pledgor, MGSO or Stellar
        seeking liquidation, reorganization, or other relief with respect to it or
        its
        debts under any bankruptcy, insolvency or other similar law now or hereafter
        in
        effect or seeking the appointment of a trustee, receiver, liquidator,
        custodi&#173;an or other similar official of it or a substantial part of its
        property, and such involuntary proceeding shall remain undismissed and unstayed
        for a period of sixty (60) days after commencement.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        5.02.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Rights and
        Remedies</u></strong><strong>.&#160;&#160;</strong>Upon the occurrence of an
        Event of Default, and subject to the notice and opportunity to cure (if any)
        required by the Notes, the Agent shall have all of the rights and remedies
        set
        forth in this Agreement and the Notes, and additionally shall have the following
        rights and remedies:</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(i)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Agent
        may declare the Obligations or any part thereof immediately due and payable,
        without demand, presentment, notice of dishonor, notice of acceleration,
        notice
        of intent to accelerate, notice of intent to demand, protest, or any other
        notice whatsoever, all of which are hereby expressly waived by Pledgor;
        provided, however, that upon the occurrence of an Event of Default under
        Section
        5.01(d) or Section 5.01(e) of this Agreement, the Obligations shall become
        immediately due and payable without demand, presentment, notice of dishonor,
        notice of accel&#173;eration, notice of intent to accelerate, notice of intent to
        demand, protest, or any other notice whatsoever, all of which are hereby
        expressly waived by Pledgor;</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(ii)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
        addition to all other rights and remedies granted to the Sellers in this
        Agreement and in any other instrument or agreement securing, evidencing,
        or
        relating to the Obligations, the Agent shall have all of the rights and remedies
        of a secured party under the Uniform Commercial Code in force in the State
        of
        Florida as of the date of this Agreement.&#160;&#160;Without limiting the
        generality of the foregoing, the Agent may (A)&#160;without demand or notice to
        Pledgor, collect, receive, or take possession of the Collateral or any part
        thereof, (B)&#160;sell or otherwise dispose of the Collateral, or any part
        thereof, in one or more parcels at public or private sale or sales, at the
        Agent&#8217;s offices or elsewhere, for cash or on credit, and/or (C)&#160;bid and
        become a purchaser at any sale free of any right or equity of redemption
        in
        Pledgor, which right or equity is hereby expressly waived and released by
        Pledgor.&#160;&#160;Upon the request of the Agent, Pledgor shall assemble the
        Collat&#173;eral and make it available to the Agent at any place designated by
        the Agent.&#160;&#160;Pledgor agrees that the Agent shall not be obligated to
        give more than ten (10) business days written notice of the time and place
        of
        any public sale or of the time after which any private sale may take place
        and
        that such notice shall constitute reasonable notice of such
        matters.&#160;&#160;The Agent shall not be obligated to make any sale of the
        Collateral regardless of notice of sale having been given.&#160;&#160;The Agent
        may adjourn any public or private sale from time to time by announcement
        at the
        time and place fixed therefor, and such sale may, without further notice,
        be
        made at the time and place to which it was so adjourned.&#160;&#160;Any cash
        held by the Agent as Collateral and all cash proceeds received by the Agent
        in
        respect of any sale of, collection from, or other realization upon all or
        any
        part of the Collateral may, in the discretion of the Agent, be held by the
        Agent
        as collateral for, and/or be applied then or at any time thereafter to the
        Obligations in the order and manner as Agent may elect.&#160;&#160;Any surplus
        of such cash or cash proceeds held by the Agent and remaining after payment
        in
        full of all the Obligations shall be paid over to Pledgor or to whomever
        may be
        lawfully entitled to receive such surplus.&#160;&#160;Pledgor shall be liable
        for all expenses of retaking, holding, preparing for sale, or the like, and
        all
        attorneys' fees and other expenses incurred by Agent in connection with the
        collection of the Obligations and the enforcement of Sellers&#8217; rights under this
        Agreement, all of which expenses and fees shall constitute additional
        Obligations secured by this Agreement.&#160;&#160;Pledgor shall remain liable
        for any deficiency if the proceeds of any sale or disposition of the Collateral
        are insufficient to pay the Obligations;</font></div><br>
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            and Security Agreement - Page
            10</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
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          </div>
        </div>
      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iii)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Agent
        may cause any or all of the Collat&#173;eral held by it to be transferred into
        the name of the Sellers or the name or names of the Sellers&#8217; nominee or
        nominees;</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iv)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Agent
        shall be entitled to receive all cash and non-cash dividends payable in respect
        of the Collateral on behalf of the Sellers;</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(v)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Agent
        shall have the right, but shall not be obligated to, exercise or cause to
        be
        exercised all voting rights and corporate powers in respect of the
        Collat&#173;eral on behalf of the Sellers, and Pledgor shall deliver to the
        Agent, if re&#173;quested by the Agent, irrevocable proxies with respect to the
        Collateral in form satisfactory to the Agent;</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(vi)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pledgor
        hereby acknowledges and confirms that the Agent may be unable to effect a
        public
        sale of any or all of the Collateral by reason of certain prohibitions contained
        in the Securities Act of 1933, as amended, and applicable state securities
        laws
        and may be compelled to resort to one or more private sales thereof to a
        restricted group of purchasers who will be obligated to agree, among other
        things, to acquire any shares of the Collateral for their own respective
        accounts for investment and not with a view to distribution or resale
        thereof.&#160;&#160;Pledgor further acknowledges and confirms that any such
        private sale may result in prices or other terms less favorable to Pledgor
        or
        other seller than if such sale were a public sale and, notwithstanding such
        circumstances, agree that any such private sale shall be deemed to have been
        made in a commercially reasonable manner, and the Agent shall be under no
        obligation to take any steps in order to permit the Collateral to be sold
        at a
        public sale.&#160;&#160;The Agent shall be under no obligation to delay a sale
        of any of the Collateral for any period of time necessary to permit any issuer
        thereof to register such Collateral for public sale under the Secu&#173;rities
        Act of 1933, as amended, or under applicable state securities laws, or to
        delay
        a sale of any of the Collateral for any other reason.&#160;&#160;Pledgor hereby
        waives any claims against the Agent or Sellers arising by reason of the fact
        that the price at which the Collateral may have been sold at such private
        sale
        was less than the price which might have been obtained at a public sale or
        was
        less than the Obligations even if the Agent accepts the first offer received
        and
        does not offer the Collateral to more than one offeree (and the Agent, the
        Sellers or any affiliates of the Sellers may be the only offeree and the
        purchaser of the Collateral); and</font></div><br>
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            and Security Agreement - Page
            11</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
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          </div>
        </div>
      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(vii)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">On
        any
        sale of the Collateral, the Agent is hereby authorized to comply with any
        limitation or re&#173;striction compliance with which is necessary, in the view
        of the Agent's counsel, in order to avoid any violation of applicable law
        or in
        order to obtain any required approval of the purchaser or purchasers by any
        applicable govern&#173;mental authority.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        5.03.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Security
        Interest
        Absolute.</u></strong><strong>&#160;</strong>All rights of the Sellers hereunder
        and in and to the Collateral, and all obligations of Pledgor hereunder, shall
        be
        absolute and unconditional irrespective of:</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">any
        lack
        of validity or enforceability of the Notes, any agreement with respect to
        any of
        the Obligations or any other agreement or instrument relating to any of the
        foregoing;</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">any
        change in the time, manner or place of payment of, or in any other term of,
        all
        or any of the Obligations or any other amendment or waiver of or any consent
        to
        any departure from this Agreement or any other agreement or instrument;
        or</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">any
        sale,
        exchange, release or nonperfection of any other collateral, or any release
        of
        any guarantor or any person liable in any manner for the collection of any
        of
        the Obligations or any amendment or waiver of or consent to or departure
        from
        the Notes or any guaranty for all or any of the Obligations.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        5.04.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Waiver and
        Consent.</u></strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pledgor
        consents and agrees that the Agent may in its absolute and sole discretion,
        at
        any time and from time to time, without notice or demand, and without affecting
        the enforceability or security hereof:&#160;&#160;(i) create new Obligations or
        supplement, modify, amend, extend, increase, decrease, renew, accelerate
        or
        otherwise change the Obligations or any of their terms; (ii) supplement,
        modify,
        amend, or waive any provision of, or enter into or give any agreement, approval
        or consent with respect to the Notes; (iii) accept new or additional
        instruments, documents or agreements in exchange for or relative to any of
        the
        Obligations or any part thereof or for the Notes; (iv) accept payments on
        the
        Obligations; (v) receive and hold additional security or guaranties for the
        Obligations or any part thereof; (vi) release, reconvey, terminate, waive,
        abandon, fail to perfect, subordinate, exchange, substitute, transfer or
        enforce
        any security or guarantees and apply any security and direct the order or
        manner
        of sale thereof; (vii) release any person from any personal liability with
        respect to the Obligations or any part thereof; and (viii) settle, release
        on
        terms satisfactory to the Agent or by operation of applicable laws or otherwise
        liquidate or enforce any Obligations and any security or guaranty in any
        manner,
        and consent to the transfer of any security.</font></div><br>
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            and Security Agreement - Page
            12</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
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        </div>
      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Upon
        the
        occurrence and during the continuance of an Event of Default, and subject
        to the
        notice and opportunity to cure (if any) required by the Notes, the Agent
        may
        enforce this Agreement independently from any other document and independently
        of any other remedy, security or guaranty the Sellers at any time may have
        or
        hold in connection with the Obligations, and it shall not be necessary for
        the
        Agent to marshal assets in favor of Pledgor or any other person or to proceed
        upon or against and/or exhaust my other security or remedy before proceeding
        to
        enforce this Agreement.&#160;&#160;Pledgor expressly agrees that the Agent may
        proceed against any or all of the Collateral or guaranties for the Obligations
        in such order and in such manner as Agent shall determine in Agent&#8217;s sole and
        absolute discretion.&#160;&#160;The Agent may file a separate action or actions
        against Pledgor, whether action is brought or prosecuted with respect to
        any
        other security or against any other person, or whether any other person is
        joined in any such action or actions. Pledgor agrees that the Agent and other
        guarantor, if any, of the Obligations ("Other Guarantor") may deal with each
        other in connection with the Obligations or otherwise, or alter any contracts
        or
        agreements now or hereafter existing between or among any of them, in any
        manner
        whatsoever, all without in any way altering or affecting the security of
        this
        Agreement.&#160;&#160;Pledgor expressly waives the benefit of any statute(s) of
        limitations affecting its liability hereunder or the enforcement of the
        Obligations or the lien or security interest created or granted
        herein.&#160;&#160;The Sellers&#8217; rights hereunder shall be reinstated and
        revived, and the enforceability of this Agreement shall continue, with respect
        to any amount at any time paid on account of the Obligations that thereafter
        shall be required to be restored or returned by the Sellers upon the bankruptcy,
        insolvency or reorganization of Pledgor, MGSO or Stellar, or other any other
        Person, all as though such amount had not been paid.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pledgor
        expressly waives any and all defenses now or hereafter arising or asserted
        by
        reason of (i) any disability or other defense of any Other Guarantor with
        respect to the Obligations (ii) the failure of priority of any security for
        the
        Obligations (iii) the cessation from any cause whatsoever of the liability
        of
        any Other Guarantor (other than by reason of the full payment and performance
        of
        all Obligations, (iv) any defect in any notice that may be given in connection
        with any sale or disposition of any property securing the Obligations, (v)
        any
        act or omission of the Agent or others that directly or indirectly results
        in or
        aids the discharge or release of any Other Guarantor or the Obligations or
        any
        other security or guaranty therefor by operation of law or otherwise, (vi)
        any
        law that provides that the obligation of a surety or guarantor must neither
        be
        larger in amount nor in other respects more burdensome than that of the
        principal or that reduces a surety's or guarantor's obligation in proportion
        to
        the principal's obligation, (vii) any failure of the Agent to file or enforce
        a
        claim in any bankruptcy or other proceeding with respect to any person, (viii)
        the election by the Agent, in any bankruptcy proceeding of any person, of
        the
        application or nonapplication of Section 1111(b)(2) of the United States
        Bankruptcy Code, (ix) any extension of credit or the grant of any lien under
        Section 364 of the United States Bankruptcy Code, (x) any use of cash collateral
        under Section 363 of the United States Bankruptcy Code, (xi) any agreement
        or
        stipulation with respect to the provision of adequate protection in any
        bankruptcy proceeding of any person, (xii) the avoidance of any bankruptcy,
        insolvency, reorganization, arrangement, readjustment of debt, liquidation
        or
        dissolution proceeding of any Person, including any discharge of, or bar
        or stay
        against collecting, all or any of the Obligations in or as a result of any
        such
        proceeding, or (xiii) any action taken by the Agent that is authorized by
        this
        Section, this Agreement<u>,</u> or any other provision of the
        Notes.</font></div><br>
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            and Security Agreement - Page
            13</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        </div>
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      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
        VI</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Miscellaneous</u></strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        6.01.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Expenses;
        Indemnification</u></strong><strong>.</strong>&#160;&#160;Pledgor agrees to pay
        on demand all costs and expenses incurred by the Agent in connection with
        the
        preparation, negotiation, and execution of any and all amendments,
        modifications, and supplements to this Agreement.&#160;&#160;Pledgor agrees to
        pay and to hold Sellers and Agent harmless from and against all excise, sales,
        stamp, or other taxes and all fees payable in connection with this Agreement
        or
        the transactions contemplated hereby, and agree to hold the Sellers and Agent
        harmless from and against any and all present or future claims or liabilities
        with respect to or resulting from Pledgor performing or delaying in performing
        their obligations under this Agreement.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        6.02.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>No Waiver;
        Cumulative
        Remedies</u></strong><strong>.&#160;&#160;</strong>No failure on the part of the
        Agent to exercise and no delay in exercis&#173;ing, and no course of dealing with
        respect to, any right, power, or privilege under this Agreement shall operate
        as
        a waiver thereof, nor shall any single or partial exercise of any right,
        power,
        or privilege under this Agreement preclude any other or further exercise
        thereof
        or the exercise of any other right, power, or privilege.&#160;&#160;The rights
        and remedies provided for in this Agreement are cumulative and not exclusive
        of
        any rights and remedies provided by law.</font></div>
      <div><br></div>
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        and
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        binding upon and inure to the benefit of Pledgor and Sellers and their
        respective heirs, successors, and assigns, except that Pledgor may not assign
        any of its rights or obligations under this Agreement without the prior written
        consent of the Agent, which written consent shall not be unreasonably
        withheld.&#160;&#160;The Agent may not assign this Agreement to any assignee or
        transferee.&#160;&#160;Each Seller, however, may assign its rights and
        obligations under this Agreement to any assignee or transferee to which its
        Notes is assigned or transferred in compliance with the terms of such
        Notes.</font></div>
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        entire agreement among the parties hereto and supersedes all prior agreements
        and understandings, if any, relating to the subject matter
        hereof.&#160;&#160;The provisions of this Agreement may be amended or waived
        only by an instrument in writing signed by the parties hereto.</font></div>
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        6.05.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Notices</u></strong><strong>.</strong>&#160;&#160;Any
        notice, consent, or other communication required or permitted to be given
        under
        this Agreement to the Agent or Sellers or Pledgor shall be in writing and
        shall
        be deemed to have been duly given if delivered personally or sent by registered
        or certified mail, return receipt requested, postage prepaid, or nationally
        recognized overnight air courier guaranteeing next day delivery as
        follows:</font></div>
      <div><br></div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="justify" valign="top" width="25%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">To
                  Agents:</font></div>
              </td>
              <td align="left" valign="top" width="71%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Richard
                  Stanton</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="71%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Norman
                  Hickmore</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="71%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">150
                  NW 183<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>rd</sup></font>
                  Street, Suite 200</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="71%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Miami
                  Gardens, Florida&#160;&#160;33169</font></div>
              </td>
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      <div>&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Pledge
            and Security Agreement - Page
            14</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div>&#160;</div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="justify" valign="top" width="25%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">To
                  Sellers:</font></div>
              </td>
              <td align="left" valign="top" width="71%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Richard
                  Stanton</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="71%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">150
                  NW 183<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>rd</sup></font>
                  Street, Suite 200</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="71%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Miami
                  Gardens, Florida&#160;&#160;33169</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="71%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="71%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Norman
                  Hickmore</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="71%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">150
                  NW 183<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>rd</sup></font>
                  Street, Suite 200</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="71%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Miami
                  Gardens, Florida&#160;&#160;33169</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="71%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="justify" valign="top" width="25%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">To
                  Pledgor:</font></div>
              </td>
              <td align="left" valign="top" width="71%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Rick&#8217;s
                  Cabaret International, Inc.</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="71%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Attn:&#160;&#160;Eric
                  Langan, President/CEO</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="71%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">10959
                  Cutten Road</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="71%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Houston,
                  Texas 77066</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="71%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Fax:&#160;&#160;(281)
                  397-6765</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Any
        such
        notice, consent, or other communication shall be deemed to have been duly
        given:&#160;&#160;at the time delivered by hand, if personally delivered; three
        days after being deposited in the mail, postage prepaid, sent certified mail,
        return receipt requested, if mailed; and the next day after timely delivery
        to
        the courier, if sent by overnight air courier guaranteeing next day
        delivery.&#160;&#160;If a notice or communication is mailed in the manner
        provided above within the time prescribed, it is duly given, whether or not
        the
        addressee receives it.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        6.06.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman Bold, Times New Roman;"><strong><u>Choice
        of Law</u></strong></font>.&#160;&#160;This Agreement shall be governed by, and
        construed in accordance with, the laws of the State of Florida, without regard
        to principles of conflict of laws.&#160;&#160;In any action between or among any
        of the parties, whether arising out of this Agreement or otherwise, each
        of the
        parties irrevocably consents to the exclusive jurisdiction and venue of the
        federal and state courts located in&#160;&#160;Dade County,
        Florida.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        6.07.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Headings</u></strong><strong>.</strong>&#160;&#160;The
        headings, captions, and arrangements used in this Agreement are for convenience
        only and shall not affect the interpretation of this Agreement.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Section
        6.08.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Survival
        of
        Representations and Warranties</u></strong><strong>.&#160;&#160;</strong>All
        representations and warranties made in this Agreement or in any certificate
        delivered pursuant hereto shall survive the execution and delivery of this
        Agreement, and no inves&#173;tigation by the Agent shall affect the
        representations and warranties made by Pledgor or the right of Agent to rely
        upon them.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
        6.09.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Execution</u></strong>.
        This Agreement may be executed in two or more counterparts, all of which
        when
        taken together shall be considered one and the same agreement and shall become
        effective when counterparts have been signed by each party and delivered
        to the
        other party, it being understood that both parties need not sign the same
        counterpart.&#160;&#160;In the event that any signature is delivered by
        facsimile transmission or by e-mail delivery of a &#8220;.pdf&#8221; format data file, such
        signature shall create a valid and binding obligation of the party executing
        (or
        on whose behalf such signature is executed) with the same force and effect
        as if
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        6.10.<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font><strong><u>Severability</u></strong><strong>.</strong>&#160;&#160;Any
        provision of this Agreement which is prohibited or unenforceable in any
        jurisdic&#173;tion shall, as to such jurisdiction, be ineffective to the extent
        of such prohibition or unenforceability without invalidating the remaining
        provisions of this Agreement, and any such prohibition or unenforceability
        in
        any jurisdiction shall not invalidate or render unenforceable such provision
        in
        any other jurisdiction.</font></div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Pledge
            and Security Agreement - Page
            15</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div><br></div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" colspan="3" valign="top" width="96%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Executed
                  as of the Effective Date above written.</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="46%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">PLEDGOR</font></div>
              </td>
              <td align="left" colspan="2" valign="top" width="50%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>RICK&#8217;S
                  CABARET INTERNATIONAL, INC.</strong></font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:</font></div>
              </td>
              <td align="left" valign="top" width="46%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">/s/
                  Eric Langan</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <tr>
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              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <tr>
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            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                  Richard Stanton</font></div>
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            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="4%">
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              <td align="left" valign="top" width="46%" style="BORDER-BOTTOM: black 2px solid">
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            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="46%">
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              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                  Richard Stanton</font></div>
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            </tr>
            <tr>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" colspan="2" valign="top" width="50%">
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      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Pledge
            and Security Agreement - Page
            16</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>ACCEPTANCE
        AND ACKNOWLEDGMENT</u></strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Rick&#8217;s
        Cabaret International, Inc.
        hereby accepts and acknowledges the Agent, on behalf of and for the benefit
        of
        the Sellers, as the assignee, pursuant to this Agreement, of the following
        shares of common stock:</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td align="left" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font></div>
              </td>
              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">2,000
                  shares of common stock of Miami Square Gardens One, Inc., a Florida
                  corporation (&#8220;MSGO&#8221;, which represents 100% of the issued and outstanding
                  common stock of MSGO ; and</font></div>
              </td>
            </tr>

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            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
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                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)</font></div>
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              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">100
                  shares of common stock of Stellar Management Corporation, a Florida
                  corporation (&#8220;Stellar&#8221;), which represents 100% of the issued and
                  outstanding common stock of Stellar</font></div>
              </td>
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        International, Inc. agrees that the interests of the Agent, on behalf of
        and for
        the benefit of the Sellers, shall be promptly and duly registered in the
        books
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              <tr>
                <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td colspan="2" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Rick&#8217;s
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              </tr>
              <tr>
                <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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              <tr>
                <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:&#160;
                  </font></td>
                <td align="justify" valign="top" width="46%" style="BORDER-BOTTOM: black 2px solid">
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                    Eric Langan</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td colspan="2" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Eric
                  Langan, President/CEO</font></td>
              </tr>

          </table>
        </div><br>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Signature
              Page to Pledge and Security
              Agreement</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Schedule
        A</u></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Pledged
        Securities</u></font></div>
      <div><br></div>
      <div><br></div>
      <div align="center">
        <table cellpadding="0" cellspacing="0" width="70%">

            <tr>
              <td valign="bottom" width="35%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Entity</font></div>
                </div>
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              <td valign="bottom" width="5%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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              <td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="right" valign="bottom" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="right" valign="bottom" width="16%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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              <td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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              <td align="left" valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="right" valign="bottom" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="right" valign="bottom" width="16%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <tr bgcolor="#cceeff">
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                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Stellar
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              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="right" valign="bottom" width="16%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">4</font></div>
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              <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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      <div align="center">
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            <tr>
              <td valign="bottom" width="35%" style="BORDER-BOTTOM: black 2px solid">
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              <td width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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              <td valign="bottom" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Pro&#160;rata&#160;
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              <td align="left" nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="right" valign="bottom" width="17%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <tr bgcolor="#cceeff">
              <td align="left" valign="bottom" width="35%">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Miami
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              </td>
              <td width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="35%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Norman
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              </td>
              <td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="right" valign="bottom" width="17%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">50%</font></div>
              </td>
              <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="right" valign="bottom" width="17%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td align="left" valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="35%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Richard
                  Stanton</font></font></div>
              </td>
              <td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="right" valign="bottom" width="17%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">50%</font></div>
              </td>
              <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="right" valign="bottom" width="17%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td align="left" valign="top" width="35%">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Stellar
                  Management Corporation</font></div>
              </td>
              <td width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="35%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Norman
                  Hickmore</font></div>
              </td>
              <td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="right" valign="bottom" width="17%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">50%</font></div>
              </td>
              <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="right" valign="bottom" width="17%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr bgcolor="#cceeff">
              <td align="left" valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="35%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Richard
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              </td>
              <td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="right" valign="bottom" width="17%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">50%</font></div>
              </td>
              <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>

        </table>
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      <div>&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
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        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Schedule
            A to
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
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          </div>
        </div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Schedule
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        Place of Business, Chief Executive Office and Location of Records:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
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        <div id="PN" style="PAGE-BREAK-AFTER: always">
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Annex
        A</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>SUPPLEMENT
        TO PLEDGE AGREEMENT</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
        Supplement to Pledge Agreement, dated as of ____________ ___ 20___, is delivered
        pursuant to Section __ of the Pledge Agreement referred to below.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>RECITALS</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>RICK&#8217;S
        CABARET INTERNATIONAL, INC.</strong>, a Texas corporation (the
        "<strong>Pledgor</strong>"), has executed and delivered that certain Pledge and
        Security Agreement, dated as of November ___, 2007, in favor of _____________,
        as Agent on behalf of all Sellers (as the same may be amended, supplemented
        or
        otherwise modified from time to time, including without limitation by this
        and
        any other Supplements to Pledge Agreement executed from time to time, the
        "<strong>Agreement</strong>").&#160;&#160;Capitalized terms used but not defined
        herein have the meanings assigned to such terms in the Agreement.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">B.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Pursuant
        to Section 3.03(b) of the Agreement, Pledgor has agreed, upon obtaining any
        additional Pledged Securities, to promptly execute and deliver a Supplement
        to
        Pledge Agreement in order to identify such additional Pledged Securities
        which
        have been pledged pursuant to the Agreement.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">C.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
        undersigned desires to execute and deliver this Supplement to Pledge Agreement
        to satisfy such requirement.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">NOW,
        THEREFORE, IT IS AGREED:</font></div>
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        undersigned agrees that the securities listed on <u>Schedule A</u> attached
        hereto are part of the Collateral and are subject to the pledge and security
        interest created by the Agreement.</font></div>
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        and Warranties</u>.&#160;&#160;The undersigned hereby certifies that the
        representations and warranties set forth in Article II of the Agreement are
        true
        and correct as to the Pledged Securities listed on <u>Schedule A</u> hereto on
        and as of the date hereof.</font></div>
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              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                  CABARET INTERNATIONAL, INC.</strong></font></div>
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            <tr>
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              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
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              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="justify" valign="top" width="4%">
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              <td align="justify" valign="top" width="46%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;&#160;
                  </font></div>
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            <tr>
              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="justify" valign="top" width="46%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Eric
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        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Annex
            A to Pledge Agreement</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
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        <div id="HDR">
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        A TO SUPPLEMENT TO PLEDGE AGREEMENT</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Pledged
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                    of Ownership</font></div>
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                    of Interest</font></div>
                </div>
              </td>
              <td align="left" nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                  <div>
                  </div>
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                    No(s)., if any</font></div>
                </div>
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              <td valign="bottom" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                    of Interests</font></div>
                </div>
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              <td align="left" nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="right" valign="bottom" width="20%">&#160;</td>
              <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="right" valign="bottom" width="20%">&#160;</td>
              <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="right" valign="bottom" width="20%">&#160;</td>
              <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>

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    <div>&#160;</div>
    <div>&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">Schedule
      A
      -- Annex A to Pledge Agreement</font>
      <div>
        <hr style="COLOR: black" align="left" noshade size="2" width="100%">
      </div>
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  </body>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>ex10_4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
<html>

  <head>
    <title>ex10_4.htm</title>
<!-- Licensed to: EDGARfilings, Ltd.-->
<!-- Document Created using EDGARizer 4.0.1.0 -->
<!-- Copyright 2007 EDGARfilings, Ltd., an IEC company.-->
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</head>
  <body bgcolor="#ffffff">
    <div>
      <hr style="COLOR: black" align="left" noshade size="4" width="100%">
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Exhibit
      10.4<br></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>[FORM
      OF]</strong></font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>NON-COMPETITION
      AGREEMENT</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
      Non-Competition Agreement dated November 30, 2007 (the "Non-Competition
      Agreement"), is by and among Rick&#8217;s Cabaret International, Inc., a Texas
      corporation, (the &#8221;Company&#8220;) and [Name], an individual residing in
      Florida&#160;&#160;([&#8220;Name&#8221;]).</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>W
      I T N E S S E T H:</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font><strong>WHEREAS</strong>,
      simultaneously herewith, [Name] has entered into a Stock Purchase Agreement
      (the
&#8220;Stock Purchase Agreement&#8221;) with the Company to sell to the Company (i) ______
      shares of common stock, no par value, of Miami Gardens Square One, Inc., a
      Florida corporation (&#8220;MGSO&#8221;) which shares represent 50.05% of the issued and
      outstanding shares of MGSO and (ii) 50 shares of common stock, $.01 par value,
      of Stellar Management Corporation, a Florida corporation&#160;&#160;(&#8220;Stellar&#8221;)
      which shares represent 50% of the issued and outstanding shares of Stellar
      (collectively, the &#8220;Transaction&#8221;); and</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>WHEREAS</strong>,
      [Name] is the [Title] of MGSO and [Title] of Stellar; and</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>WHEREAS</strong>,
      MGSO owns and operates an adult entertainment cabaret known as an &#8220;Tootsie&#8217;s
      Cabaret&#8221; (&#8220;Tootsie&#8217;s&#8221; or the &#8220;Club&#8221;) located at 150 NW 183<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>rd</sup></font> Street,
      Miami
      Gardens, Florida&#160;&#160;33169 (the &#8220;Premises&#8221;); and</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>WHEREAS</strong>,
      [Name] will benefit from the Transaction; and</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font><strong>WHEREAS</strong>,
      the Company
      requires that [Name] enter into this Non-Competition Agreement as a condition
      to
      the Company entering into the Transaction; and</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>WHEREAS</strong>,
      to induce the Company to enter into the Stock Purchase Agreement and to complete
      the Transaction, [Name] agreed to enter into this Non-Competition Agreement;
      and</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>NOW,
      THEREFORE,</strong> in consideration of the premises, the closing of the
      Transaction and other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the Seller and the Company agree
      as follows:</font></div>
    <div><br></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>1.&#160;&#160;&#160;&#160;
      </strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Covenants.</u></strong><font size="3">&#160;&#160;</font>For
      a period of five (5) years following the Closing
      Date set forth in the Stock Purchase Agreement (such five (5) year period being
      referred to herein as the &#8220;Restricted Period&#8221;), [Name] shall not, directly or
      indirectly, either as an employee, employer, consultant, agent, principal,
      partner, stockholder, corporate officer, director, investor or in any other
      individual or representative capacity, whether for compensation or
      not:</font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Own,
                or have any rights of conversion to own, or share in the earnings
                of,
                carry on, manage, operate, control, be engaged in, render services
                to,
                solicit customers for any business engaged in the operation of an
                establishment featuring live female nude or semi-nude entertainment
                within
                a twenty (20) mile radius of the Premises (the &#8220;Prohibited Area&#8221;), with
                the exception of the existing business known as &#8220;Alley Cat&#8221; which is
                operated at 2875 Shipping Avenue, Miami, Florida;
                or</font></div>
            </td>
          </tr>

      </table>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Solicit
                or induce, or attempt to solicit or induce, wherever located, any
                employee, independent contractor, or agent or consultant of MGSO
                or
                Stellar, the Club, the Company or any of their affiliates to leave
                his or
                her employment or terminate his or her agreement or relationship
                with MGSO
                or Stellar, the Club, the Company or any of their
                affiliates.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>2.
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>[Name]&#8217;s
      Acknowledgments and Agreements</u></strong><strong>.</strong>&#160;&#160;[Name]
      acknowledges and agrees that:</font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Due
                to the nature of MGSO&#8217;s, Stellar&#8217;s and the Company&#8217;s business, the
                foregoing covenants place no greater restraint upon [Name] than is
                reasonably necessary to protect the business and goodwill of MGSO,
                Stellar
                and the Company;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">These
                covenants protect a legitimate interest of MGSO, Stellar and the
                Company
                and do not serve solely to limit the future competition of MGSO,
                Stellar
                or the Company;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
                Non-Competition Agreement is not an invalid or unreasonable restraint
                of
                trade;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A
                breach of these covenants by [Name] would cause irreparable damage
                to
                MGSO, Stellar and the Company;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(e)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">These
                covenants will not preclude [Name] from obtaining reasonable business
                relationships or becoming gainfully employed following the closing
                of the
                Stock Purchase Agreement;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(f)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">These
                covenants are reasonable in scope and are reasonably necessary to
                protect
                the business and goodwill and valuable and extensive trade which
                MGSO,
                Stellar and the Company have established through their own expense
                and
                effort;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(g)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                signing of this Non-Competition Agreement is necessary as part of
                the
                consummation of the Transaction previously discussed;
                and</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(h)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">[Name]
                has carefully read and considered all provisions of this Non-Competition
                Agreement and that all of the restrictions set forth are fair and
                reasonable and are reasonably required for the protection of the
                interests
                of MGSO, Stellar and the Company.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">3.
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>Remedies,
      Injunction</u></strong><strong>.</strong>&#160;&#160;In the event of [Name]&#8217;s
      actual breach of any provisions of this Non-Competition Agreement, [Name] agrees
      that MGSO, Stellar and the Company shall be entitled to a temporary restraining
      order, preliminary injunction and/or permanent injunction restraining and
      enjoining [Name] from violating the provisions herein.&#160;&#160;Nothing in
      this Non-Competition Agreement shall be construed to prohibit MGSO, Stellar
      or
      the Company from pursuing any other available remedies for such breach or
      threatened breach, including the recovery of damages from
      [Name].&#160;&#160;[Name] further agrees that, for the purpose of any such
      injunction proceeding, it shall be presumed that MGSO&#8217;s, Stellar&#8217;s and the
      Company's legal remedies would be inadequate and that MGSO, Stellar and the
      Company would suffer irreparable harm as a result of [Name]&#8217;s violation of the
      provisions of this Non-Competition Agreement.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Non-Competition
          Agreement - Page
          2</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>4.
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>Severability</u></strong><strong>.</strong>&#160;&#160;In
      the event that any of the provisions of this Non-Competition Agreement are
      held
      to be invalid or unenforceable in whole or in part, those provisions to the
      extent enforceable and all other provisions shall nevertheless continue to
      be
      valid and enforceable as though the invalid or unenforceable parts had not
      been
      included in this Non-Competition Agreement.&#160;&#160;In the event that any
      provision relating to the time period or scope of a restriction shall be
      declared by a court of competent jurisdiction to exceed the maximum time period
      or scope such court deems reasonable and enforceable, then the time period
      or
      scope of the restriction deemed reasonable and enforceable by the court shall
      become and shall thereafter be the maximum time period or the applicable scope
      of the restriction.&#160;&#160;[Name] further agrees that such covenants and/or
      any portion thereof are severable, separate and independent, and should any
      specific restriction or the application thereof, to any person, firm,
      corporation, or situation be held to be invalid, that holding shall not affect
      the remainder of such provisions or covenants.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">5.&#160;
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>General
      Provisions</u></strong><strong>.</strong></font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Notices.</em>&#160;&#160;Any
                notices to be given hereunder by either party to the other may be
                effected
                either by personal delivery in writing or by mail, registered or
                certified, postage prepaid with return receipt requested or by a
                recognized overnight delivery service.&#160;&#160;Mailed notices shall be
                addressed to the parties at the addresses set forth below, but each
                party
                may change their address by written notice in accordance with this
                Paragraph (a).&#160;&#160;Notices delivered person&#173;ally shall be
                deemed communicated as of actual receipt; mailed notices shall be
                deemed
                communicated as of three (3) days after mailing; and overnight delivery
                service shall be deemed delivered one (1) day after depositing with
                the
                overnight delivery service.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">If
      to
      Company:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Eric
      Langan, President</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 144pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>10959
      Cutten Road</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 144pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Houston,
      Texas 77066</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">With
      a
      copy
      to:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Mr.
      Robert D. Axelrod</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 144pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Axelrod,
      Smith &amp;
Kirshbaum</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 144pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>5300
      Memorial Drive, Suite
      700</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 144pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Houston,
      Texas 77007</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>If
      to
      [Name]:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;150
      NW 183<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>rd</sup></font>
      Street, Suite 200</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 90pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 108pt;"></font>Miami
      Gardens,
      Florida&#160;&#160;33169</font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Law
                Governing Non-Competition Agreement and Venue.</em>&#160;&#160;This
                Non-Competition Agreement shall be governed by, and construed in
                accordance with, the laws of the State of Florida, without regard
                to
                principles of conflict of laws.&#160;&#160;In any action between or among
                any of the parties, whether arising out of this Agreement or otherwise,
                each of the parties irrevocably consents to the exclusive jurisdiction
                and
                venue of the federal and state courts located in Dade County,
                Florida.</font></div>
            </td>
          </tr>

      </table>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">Non-Competition
          Agreement - Page
          3</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Contract
                Terms to be Exclusive.</em>&#160;&#160;This Non-Competition Agreement
                contains the sole and entire agreement between the parties and shall
                supersede any and all other agreements between the parties with respect
                to
                the Seller&#8217;s and [Name]&#8217;s agreement not to compete with MGSO and the
                Company.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Waiver
                or Modification Ineffective Unless in Writing.</em>&#160;&#160;It is
                further agreed that no waiver or modification of this Non-Competition
                Agreement or of any covenant, condition, or limitation herein contained
                shall be valid unless in writing and duly executed by the party to
                be
                charged therewith and that no evidence of any waiver or modification
                shall
                be offered or received in evidence in any proceeding or litigation
                between
                the parties hereto arising out of or affecting this Non-Competition
                Agreement, or the rights or obligations of any party hereunder, unless
                such waiver or modification is in writing, duly executed as
                aforesaid.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(e)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Assignment.</em>&#160;&#160;The
                rights and benefits of MGSO, Stellar and the Company under this
                Non-Competition Agreement shall inure to the benefit of and be binding
                upon the successors and assigns of MGSO, Stellar and the
                Company.&#160;&#160;The rights of [Name] hereunder are personal and
                nontransferable except that the rights and benefits hereof shall
                inure to
                the benefit of the heirs, executors and legal representatives of
                the
                Seller and [Name].</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(f)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Binding
                Effect.</em>&#160;&#160;Except as otherwise provided herein, this
                Non-Competition Agreement shall be binding upon and inure to the
                benefit
                of the parties hereto and their respective successors and
                assigns.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
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          4</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
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      30th
      day of November, 2007.</font></div>
    <div><br></div>
    <div><br></div>
    <div align="left">
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:&#160;&#160;
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                Langan, President</font></div>
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    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">Non-Competition
      Agreement - Page 5 </font>
      <div>
        <hr style="COLOR: black" align="left" noshade size="2" width="100%">
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  </body>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>6
<FILENAME>ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>

  <head>
    <title>ex99_1.htm</title>
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    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Exhibit
      99.1</font></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="justify" valign="top" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><img src="logo.jpg" alt=""></div>
            </td>
            <td align="left" valign="bottom" width="95%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>FOR
                IMMEDIATE RELEASE</strong></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>RICK&#8217;S
      CABARET INTERNATIONAL, INC. ENTERS FLORIDA MARKET WITH $25 MILLION ACQUISITION
      OF TOOTSIES CABARET</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Mega
      Gentlemen&#8217;s Club Expected to Add $18 Million in Annual Revenue and $8.8 Million
      in EBITDA</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>HOUSTON</strong>&#8211;
      (December 3, 2007) &#8211; <strong><u>Rick&#8217;s Cabaret International,
      Inc</u></strong><strong>.</strong> (NASDAQ-GM: RICK), a leading operator of
      gentlemen&#8217;s clubs, announced today that it has acquired <strong><u>Tootsies
      Cabaret</u></strong><strong>,</strong> a 47,000-square-foot adult club in Miami
      Gardens, Florida, for $25 million.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Rick&#8217;s
      Cabaret closed on the transaction Friday, November 30<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>th</sup></font> and assumed
      management of the mega club on December 1<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>st</sup></font>. Management
      expects annual revenues from Tootsies will be approximately $18 million, with
      annual EBITDA of about $8.8 million. By closing this transaction a month earlier
      then originally anticipated, the company believes it will easily achieve the
      guidance of $52 million in revenue and $7 million (or 95 cents per share) in
      net
      income for fiscal 2008 that it projected on Oct. 31, 2007.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;Tootsies
      is one of the top ten adult nightclubs in the entire country,&#8221; said <strong>Eric
      Langan</strong>, President and CEO of Rick&#8217;s Cabaret. &#8220;This acquisition
      solidifies Rick&#8217;s Cabaret&#8217;s position as the premier gentlemen&#8217;s club company and
      has significantly advanced our strategic acquisition program.&#8221; Tootsies won
&#8220;Best Adult Club of the Southeast&#8221; at the 2007 Exotic Dancer Awards Show. It was
      been Named the best Adult Club in Miami by <strong><em>New Times</em></strong>
      and <strong><em>City Search</em></strong>. <strong><em>Xcitement
      Magazine</em></strong> proclaimed, Tooties &#8221;Out Vegas&#8217;es Vegas &#8220;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      multi-level club, which bills itself as &#8220;South Florida&#8217;s Supreme Adult
      Nightclub,&#8221; is open from noon until 5 a.m. daily and noon to 6am on weekends,
      with up to 250 entertainers daily, who dance fully nude. It has full restaurant
      service, three liquor bars plus a 400 square foot main stage on the first floor,
      over 30 plasma screen TVs, 11 large projection screens, a private Champagne
      room
      and three spacious and private dance rooms. The &#8220;Next Level&#8221; VIP floor offers
      full unobstructed views of the entire club, five state of the art sky box rooms,
      spacious private dance rooms and luxury seating. The VIP area also includes
      "Tootsies Transit Car,&#8221; a scaled replica of a New York City subway car designed
      for private dances.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Rick&#8217;s
      Cabaret purchased all the outstanding shares in <strong>Miami Gardens Square
      One, Inc</strong>. and <strong>Stellar Management Corporation</strong> from its
      previous owners.&#160;&#160;&#160;Under terms of the purchase agreement Rick&#8217;s
      Cabaret paid $15 million in cash and issued to the two prior owners $10 million
      in promissory notes, payable with monthly interest only payments and a balloon
      payment of the principal amount due in three years. Rick&#8217;s Cabaret also assumed
      leases on all of the club&#8217;s property that, with options, run through June 2034.
      Details of the terms of the transaction are included in a Form 8-K filed by
      the
      company with the Securities and Exchange Commission. &#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Tootsies
      is located at 150 NW 183rd St., known as Miami Gardens Drive, near the
      confluence of I-95, the Florida Turnpike, U.S. 441 and Florida Route 826.
&#160;The club has over 5 acres of outdoor parking and nearly 200 indoor parking
      spots.&#160;</font></div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      acquisition brings to 15 the number of adult nightclubs operated by the company,
      including the flagship Rick&#8217;s Cabaret on West 33<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>rd</sup></font> Street
      in Midtown
      Manhattan and other clubs in Texas, Minnesota and North Carolina.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      Rick&#8217;s Cabaret acquisition strategy is to acquire leading adult clubs in major
      markets that are immediately accretive to corporate earnings.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>About
      Rick&#8217;s Cabaret</strong>: Rick&#8217;s Cabaret International, Inc. (NASDAQ: RICK)
      operates upscale adult nightclubs serving primarily businessmen and
      professionals that offer live adult entertainment, restaurant and bar
      operations. The company owns, operates or licenses adult nightclubs in New
      York
      City, New Orleans, Charlotte, Houston, Minneapolis and other cities under the
      names "Rick's Cabaret," "XTC" and &#8220;Club Onyx.&#8221; No sexual contact is permitted at
      any of these locations. Rick&#8217;s Cabaret also owns the adult Internet membership
      Web site, couplestouch.com, and a network of online adult auction sites under
      the flagship URL naughtybids.com. Rick&#8217;s Cabaret common stock is traded on
      NASDAQ under the symbol RICK. For further information contact
<u>ir@ricks.com</u>.&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Forward-looking
      Statements</strong>: This document contains forward-looking statements that
      involve a number of risks and uncertainties that could cause the company&#8217;s
      actual results to differ materially from those indicated in this document,
      including the risks and uncertainties associated with operating and managing
      an
      adult business, the business climates in New York City and elsewhere, the
      success or lack thereof in launching and building the company&#8217;s businesses in
      New York City and elsewhere, risks and uncertainties related to the operational
      and financial results of our Web sites, conditions relevant to real estate
      transactions, and numerous other factors such as laws governing the operation
      of
      adult entertainment businesses, competition and dependence on key personnel.
      Rick's has no obligation to update or revise the forward-looking statements
      to
      reflect the occurrence of future events or circumstances. For further
      information visit www.ricks.com
&lt;<u>http://www.ricks.com/</u>&gt;.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Media
      Contact:&#160; Allan Priaulx, 212-338-0050 ir@ricks.com</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>&#160;</div>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
