<SEC-DOCUMENT>0000930413-13-005598.txt : 20131126
<SEC-HEADER>0000930413-13-005598.hdr.sgml : 20131126
<ACCEPTANCE-DATETIME>20131126171408
ACCESSION NUMBER:		0000930413-13-005598
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20131122
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20131126
DATE AS OF CHANGE:		20131126

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARK RESTAURANTS CORP
		CENTRAL INDEX KEY:			0000779544
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				133156768
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09453
		FILM NUMBER:		131244980

	BUSINESS ADDRESS:	
		STREET 1:		85 FIFTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10003-3019
		BUSINESS PHONE:		2122068800

	MAIL ADDRESS:	
		STREET 1:		85 FIFTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10003-3019
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c75766_8k.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, DC 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
<!-- Field: Rule-Page --><DIV ALIGN="CENTER"><DIV STYLE="font-size: 1pt; border-top: Black 1px solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):<B>
November 22, 2013</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARK RESTAURANTS CORP.</B><BR>
(Exact name of registrant as specified in its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 30%; text-align: center"><FONT STYLE="font-size: 12pt; color: black">New York</FONT></TD>
    <TD STYLE="width: 38%; text-align: center"><FONT STYLE="font-size: 12pt; color: black">1-09453</FONT></TD>
    <TD STYLE="width: 32%; text-align: center"><FONT STYLE="font-size: 12pt; color: black">13-3156768</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 12pt; color: black">(State or other jurisdiction</FONT><BR>
<FONT STYLE="font-size: 12pt; color: black">of incorporation)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 12pt; color: black">(Commission</FONT><BR>
<FONT STYLE="font-size: 12pt; color: black">File Number)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 12pt; color: black">(IRS Employer</FONT><BR>
<FONT STYLE="font-size: 12pt; color: black">Identification No.)</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>85 Fifth Avenue<BR>
New York, New York 10003</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices,
with zip code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&#8217;s telephone number, including
area code:<B> (212) 206-8800</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="width: 96%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt; color: black">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt; color: black"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt; color: black">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt; color: black"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt; color: black">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt; color: black"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt; color: black">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c)) </FONT></TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Item 1.01.</B></FONT></TD>
    <TD STYLE="width: 89%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Entry Into a Material Definitive Agreement.</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">On November 22, 2013,
Ark Restaurants Corp. (the &#8220;Company&#8221;), through a wholly-owned subsidiary, Ark Rustic Inn LLC, entered into an Asset
Purchase Agreement with W and O, Inc. to purchase the Rustic Inn Crab House, a restaurant and bar in Dania Beach, Florida. The
purchase price is $7,500,000 plus allocated inventory. The acquisition is scheduled to close on or before February 28, 2014, subject
to the Company&#8217;s satisfactory completion of due diligence, including current financial statements, execution of employment
and non-competition agreements, Florida Liquor Authority approval and customary closing conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; font-size: 10pt"><FONT STYLE="color: black"><B>Item 9.01.</B></FONT></TD>
    <TD STYLE="width: 89%; font-size: 10pt"><FONT STYLE="color: black"><B>Financial Statements and Exhibits.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="color: black">(d)</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="color: black">Exhibits</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="color: black">10.1.</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="color: black">Asset Purchase Agreement dated as of November 22, 2013 by and between W and O, Inc. and Ark Rustic Inn LLC.</FONT></TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!--
                                                                                                                                                                                                                      Field:
                                                                                                                                                                                                                      Sequence;
                                                                                                                                                                                                                      Type:
                                                                                                                                                                                                                      Arabic;
                                                                                                                                                                                                                      Value:
                                                                                                                                                                                                                      2;
                                                                                                                                                                                                                      Name:
                                                                                                                                                                                                                      PageNo
                                                                                                                                                                                                                      --><I>2</I><!--
                                                                                                                                                                                                                      Field:
                                                                                                                                                                                                                      /Sequence
                                                                                                                                                                                                                      --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="color: black"><B>ARK RESTAURANTS CORP.</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 58%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 37%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; border-bottom: Black 1px solid"><FONT STYLE="color: black">/s/<FONT STYLE="font-family: Harlow Solid Italic"> Michael Weinstein</FONT></FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="color: black">By:</FONT></TD>
    <TD><FONT STYLE="color: black">Name: Michael Weinstein</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="color: black">Title: Chief Executive Officer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: November 26, 2013</P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!--
                                                                                                                                                                                                                      Field:
                                                                                                                                                                                                                      Sequence;
                                                                                                                                                                                                                      Type:
                                                                                                                                                                                                                      Arabic;
                                                                                                                                                                                                                      Name:
                                                                                                                                                                                                                      PageNo
                                                                                                                                                                                                                      --><I>3</I><!--
                                                                                                                                                                                                                      Field:
                                                                                                                                                                                                                      /Sequence
                                                                                                                                                                                                                      --></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>c75766_ex10-1.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0pt 0; text-transform: uppercase; text-align: right"><U>EXHIBIT 10.1</U></P>

<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0pt 0; text-transform: uppercase; text-align: right">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><U>ASSET PURCHASE
AGREEMENT</U></P>

<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><B>THIS ASSET PURCHASE AGREEMENT
</B>(this &ldquo;<B>Agreement</B>&rdquo;) is entered into as of November 22, 2013 (the &ldquo;<B>Effective Date</B>&rdquo;) by
and among W AND O, Inc., a Florida corporation (&ldquo;<B>Seller</B>&rdquo;), and Ark Rustic Inn LLC, a Delaware limited liability
company, or its designee or assignee (&ldquo;<B>Buyer</B>&rdquo;) with reference to the following:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">A. Seller owns and operates
a restaurant and bar known as the Rustic Inn Crab House (the &ldquo;<B>Business</B>&rdquo;) at 4331 Ravenswood Rd., Dania Beach,
Florida 33312 (the &ldquo;<B>Location</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">B. Seller owns real property
referred to collectively as 4331 Ravenswood Road, Dania Beach, FL and consists of the real property located at 4331 Ravenswood
Road, Dania Beach, FL , 4281 Ravenswood Road, Dania Beach, FL, SW 42<SUP> </SUP>Street, Dania Beach, FL and SW 42 Court, Dania
Beach, FL (the &ldquo;<B>Real Property</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">C. Seller holds certain licenses
and permits, including a liquor license from the Florida Department of Business Regulation Division of Alcoholic Beverages and
Tobacco (the &ldquo;<B>FLA</B>&rdquo;) to operate the Business; and</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">D. Subject to and on the terms
and conditions set forth in this Agreement, the Seller desires to sell, and Buyer desires to buy, substantially all of the assets
of the Seller.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><B>NOW, THEREFORE</B>, for and
in consideration of the recitals, the mutual covenants and agreements hereafter described and other good and valuable consideration,
the sufficiency and receipt of which is hereby acknowledged, the parties agree as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><B>1. <U>Sale and Purchase</U>.</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0 0pt 72pt; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">1.1. <U>Assets</U>. On and
subject to the terms and conditions of this Agreement, at the Closing, Seller agrees to sell, convey, transfer, assign and deliver
to Buyer and Buyer agrees to purchase from respective Seller the Business as a going concern and Seller&rsquo;s right, title and
interest in and to all of the Acquired Assets. As used herein &ldquo;<B>Acquired Assets</B>&rdquo; shall mean all right, title
and interest in and to all of the assets of Seller of every kind, character and description, other than the Excluded Assets, which
are related to or used in connection with the conduct and operation of the Business, whether personal or real, tangible or intangible
and wherever located, whether or not reflected on Seller&rsquo;s financial statements, as such assets may exist on the Closing
Date, including but not limited to all of its: (a) Real Property as more fully described in the Florida Realtors&reg; Commercial
Contract annexed hereto and made part hereof &ldquo;<B>Real Estate Rider</B>&rdquo; (b) inventory of materials and supplies, and
all furniture, signage, fixtures, machinery, trade fixtures, including but not limited to security cages, equipment, computer
equipment, alarm systems, cameras and recording devices, protective cages, electrical installations, safes, dock and floating
barge, and all other tangible assets relating to the Business of every kind and nature; (c) goodwill associated with the Business,
all value of the Business as a going concern, and all records related to the Business including, without limitation, customer
records, customer information, customers cards, operations manuals, advertising matter, correspondence, mailing lists, credit
records, purchasing materials and records, personnel records, blueprints, data bases, supplier information and records, and all
other data and know-how related to the Business, in any form or medium wherever located; (d) proprietary items</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->




<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 0">including, but not limited
to, menus, promotional items and literature, use of the founding family&rsquo;s namesake and picture as it relates to the restaurant,
history of the restaurant, memorabilia, photographs and d&eacute;cor; (e) telephone and fax numbers, trade names, trademarks and
trademark applications, service marks and service mark applications, patents and patent applications, copyrights, assumed names,
fictitious names, slogans, domain names, web addresses, web sites, all software and software licenses and all rights in all data
processing systems and networks, and all operations manuals, computer hardware, data bases, related documentation, and know-how
of any kind; (f) credits, prepaid expenses, advance payments, security deposits and prepaid items customarily transferred and
paid for in business asset purchase transactions, but only to the extent that in addition to the Purchase Price, credit is given
or payment is made for same at Closing; (g) contracts, agreements, commitments, and personal property leases of Seller relating
to the Business that are described in detail on <B>Schedule 5.10</B> which Buyer affirmatively elects in writing to assume (the
&ldquo;<B>Purchased Commitments</B>&rdquo;); (h) to the extent assignable, licenses relating to the Business or the Acquired Assets;
(i) privileges and advantages of every nature, kind and description, being personal or real, tangible or intangible, located at,
on, or under the Property or in any way used in connection with the Property or otherwise possessed or owned by Seller or in which
Seller has any interest whatsoever, all of the licenses, permits, easements, regulatory rights, air rights, roof rights, antenna
rights, navigation and water use rights, developer and use rights, and wallscape and signage rights, leases, subleases and rights
thereunder; and (j) guarantees, warranties, indemnities or similar rights in favor of the Seller with respect to any of its Acquired
Assets. All of the Acquired Assets are being sold, assigned, transferred, conveyed and delivered to Buyer hereunder free and clear
of any Lien. As used herein <FONT STYLE="color: black">&ldquo;<B>Lien</B>&rdquo; shall mean any mortgage, pledge, lien, claim,
security interest, assessment, conditional sale agreement, burden, restriction, prior assignment, charge or encumbrance of any
kind or nature whatsoever, including, without limitation, any Uniform Commercial Code lien or tax lien.</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">1.2. <U>Excluded
Assets</U>. The Acquired Assets shall not include the assets listed on Schedule 1.2, licenses that are not assignable, and
all leases, contracts, agreements, commitments not relating to the Business (collectively, the &ldquo;<B>Excluded
Assets</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">1.3. <U>Assumed
Liabilities</U>. On and subject to the terms and conditions of this Agreement, at the Closing, defined below, Buyer will
assume and agree to pay, perform and discharge only the obligations of Seller first arising from the operation of the
Business following the Closing under the Purchased Commitments (the &ldquo;<B>Assumed Liabilities</B>&rdquo;).
Notwithstanding any other provision of this Agreement, Buyer will not assume and shall not be responsible for the payment,
performance or discharge of any liabilities or obligations of Seller, whether now existing or hereafter arising, unless
specifically set forth in this <B><U>Section 1.3</U>. </B>Without limiting the foregoing, Seller, and not Buyer, shall be
responsible for any and all of its respective liabilities, responsibilities, expenses and obligations relating to: (a) the
Business (or any part thereof) incurred, accruing or arising before the Closing Date, even if not asserted or discovered
until on or after the Closing Date, defined below, and (b) the Excluded Assets.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">1.4. <U>Due Diligence</U>.
Seller hereby agrees to deliver to Buyer within fifteen (15) days of the date hereof those due diligence items (&ldquo;<B>Due
Diligence Items</B>&rdquo;) requested by Buyer or set forth herein. Buyer shall have thirty (30) days (&ldquo;<B>Due
Diligence Period</B>&rdquo;) from receipt of all of the Due Diligence Items to review and to approve the Due Diligence Items
and any other information or documentation it acquires. If Buyer, in its sole discretion, does not approve any of the Due
Diligence Items or any of the information provided to Buyer pursuant to this section or any information or documentation it
otherwise acquires at any time prior to the expiration of the Due Diligence Period, Buyer, at its option, may terminate this
Agreement by written notice to Seller delivered at any time prior to the expiration of the Due Diligence Period, whereupon
this Agreement shall become null and void and of no further force and effect, the Deposit (as defined below) shall be
returned to the Buyer and the parties hereto shall have no further obligation to one another. However, in lieu of such
immediate termination of this Agreement, Buyer may</P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!--
                                                                                                                                                                                                                      Field:
                                                                                                                                                                                                                      Sequence;
                                                                                                                                                                                                                      Type:
                                                                                                                                                                                                                      Arabic;
                                                                                                                                                                                                                      Name:
                                                                                                                                                                                                                      PageNo
                                                                                                                                                                                                                      --><i>2</i><!--
                                                                                                                                                                                                                      Field:
                                                                                                                                                                                                                      /Sequence
                                                                                                                                                                                                                      --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 0">at its option notify Seller
in writing of those matters as to which it has concerns and extend the Due Diligence Period and Buyer&rsquo;s right to terminate
this Agreement and receive the return of the Deposit as to those items only for a period of an additional thirty (30) days in
order to give the parties the opportunity to resolve such concerns. Buyer&rsquo;s failure to terminate this Agreement pursuant
to this <B>Section 1.4 </B>shall not affect Buyer&rsquo;s right to require the satisfaction of all conditions to closing set forth
in this Agreement. Buyer and Seller shall also take all necessary steps following execution to obtain the transfer of the Liquor
License or a new liquor license in favor of Buyer necessary to run the Business from the FLA (the &ldquo;Liquor License&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><B>2. <U>Purchase Price</U>.
</B>Subject to the provisions contained herein on the Closing Date, Buyer agrees to pay to Seller the sum of (i) an initial refundable
deposit of Five Hundred Thousand Dollars ($500,000) (the &ldquo;Deposit&rdquo; paid upon the execution of this Agreement); (ii)
Seven Million Dollars ($7,000,000); and (iii) the amount allocated during Inventory in accordance with Section 7.11 hereof plus
or minus the Prorations and Credits, defined below (the &ldquo;<B>Purchase Price</B>&rdquo;) for the conveyance, sale and transfer
of the Acquired Assets, allocated as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) $150,000.00 for non-Real
Property tangible personal property included within the Acquired Assets as determined by Buyer;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) $ (amount to be allocated
based on an independent appraisal obtained by Buyer) the Real Property;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c) $______ for the restrictions
imposed on the Seller under <B><U>Section 9.4</U></B>;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d) The balance of the Purchase
Price to customer records and goodwill and</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(e) Plus the value of Inventory
for food and liquor as calculated in the Inventory Report (defined in Section 5.20).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify">The parties hereto shall file all applicable tax
returns in accordance with the allocation set forth in this <B><U>Section 2</U></B>. The Purchase Price shall be payable by Buyer
to Seller, in cash, by cashier&rsquo;s check, wire transfer or by immediately available funds, plus or minus the specific items
hereinafter described and the usual and ordinary prorations and credits, including but not limited to electricity, local telephone
and other utility charges, real estate taxes, insurance, bank charges, gift card liabilities, salaries and accrued vacation and
other benefits of employees, payment of all amounts owed by Seller to any governmental agency or unit, and payment of all amounts
secured by Liens against the Acquired Assets (collectively, the &ldquo;<B>Prorations and Credits</B>&rdquo;). The parties hereto
agree to reprorate as to any errors in the listing or payment of Prorations and Credits. To the extent that one party owes money
to the other pursuant to this section, such party shall pay all amounts so owed within thirty (30) days after written notice thereof.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(f) A portion of the Purchase
Price, in an amount to be mutually agreed upon by the parties, ($TBD) (the &ldquo;<B>Escrow Cash</B>&rdquo;) shall be delivered
to Buyer&rsquo;s attorney, as escrowee (the &ldquo;<B>Escrowee</B>&rdquo;), to be held pursuant to an escrow agreement in form
and substance reasonably acceptable to Buyer and Seller (the &ldquo;<B>Closing Escrow Agreement</B>&rdquo;) to secure the indemnification
obligations of the Seller under this Agreement. The Escrow Cash will be released only in accordance with the terms of the Closing
Escrow Agreement. The Seller acknowledges and agrees that Buyer&rsquo;s remedies under the Closing Escrow Agreement are not Buyer&rsquo;s
sole and exclusive recourses or remedies in connection herewith.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(g) Notwithstanding the foregoing,
if at the Closing there exists any binding holdback requirement imposed by any applicable governmental unit, including without
limitation a stop order or similar notice issued by any taxing or other governmental agency or department, the Escrow Cash to be
paid in escrow shall be increased and the amount to be paid to Seller shall be decreased accordingly. To</P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!--
                                                                                                                                                                                                                      Field:
                                                                                                                                                                                                                      Sequence;
                                                                                                                                                                                                                      Type:
                                                                                                                                                                                                                      Arabic;
                                                                                                                                                                                                                      Name:
                                                                                                                                                                                                                      PageNo
                                                                                                                                                                                                                      --><i>3</i><!--
                                                                                                                                                                                                                      Field:
                                                                                                                                                                                                                      /Sequence
                                                                                                                                                                                                                      --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 0">the extent Escrowee receives
written notice from any such governmental unit authorizing the release of the funds ordered held back by such governmental unit,
Escrowee shall release such funds to Seller. To the extent any such governmental unit makes written demand for such funds, Escrowee
shall pay same to such governmental unit. The amount placed in escrow hereunder subject to any governmental holdback requirement
is not intended to be a limitation of Seller&rsquo;s liability, if any, to any applicable governmental unit, and Seller shall remain
liable for all of Seller&rsquo;s obligations to governmental units.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><B>3. <U>Closing</U>. </B>Time
is of the essence with respect to all time periods and dates set forth in this Section 3. The closing (the &ldquo;<B>Closing</B>&rdquo;)
of the transactions contemplated by this Agreement shall occur within fifteen (15) days following Buyer&rsquo;s completion of
the Due Diligence set forth in Section 1.4 hereof and the satisfaction or waiver of the Conditions Precedent (as defined below)
(the &ldquo;<B>Closing Date</B>&rdquo;). The parties shall use their best efforts to close on or before February 28, 2014. The
Closing shall take place at the office of Seller&rsquo;s attorneys&rsquo; offices, VanDeVoorde Hall Law, P.L., 1327 North Central
Avenue, Sebastian, Florida, or at such other location which is mutually agreed upon by the parties. The parties hereto agree to
cooperate and use reasonable efforts to cause all contingencies to occur by the Closing Date. If through no fault of Buyer or
Seller the Closing fails to occur on or before February 28, 2014, then either Seller or Buyer may, without liability, terminate
its obligations under this Agreement. If the Closing fails to have occurred on or before February 28, 2014 and the failure of
the Closing to occur shall be determined by a court of law or other tribunal have been the fault of Buyer, Seller shall have the
right to maintain suit for any and all remedies, at law but not in equity, against Buyer for breach of this Agreement, provided
however that Seller&rsquo;s damages to be recovered from Buyer shall be limited to an amount equal to $500,000 of the Purchase
Price. If the Closing shall not have occurred on or before February 28, 2014 and the failure of the Closing to occur shall have
been determined by a court of law or other tribunal the fault of Seller, then Buyer shall have the right to maintain suit for
any and all remedies, at law or in equity, against Seller for breach of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><B>4. <U>Closing Deliveries</U>.</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) <U>Closing Deliveries of
Buyer</U>. At Closing, Buyer shall deliver to Seller the following: (i) the Purchase Price, less the Deposit and Escrow Cash (as
may be increased hereunder); (ii) certified copy of resolutions duly adopted by Buyer, approving the terms and conditions of this
Agreement and authorizing Buyer&rsquo;s officers to execute, deliver and consummate the same for and on behalf of Buyer; (iii)
certificate of Buyer&rsquo;s good standing as a Florida limited liability company; (iv) the deliverables set forth in the Real
Estate Rider; and (v) such other documents as Seller may reasonably request or are required pursuant to this Agreement (assumption
of Purchased Commitments).</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) <U>Closing Deliveries of
Seller</U>.  At Closing, Seller shall deliver to Buyer the following: (i) duly executed bill of sale and assignment agreement with
appropriate warranties of ownership covering the Acquired Assets, in form and substance reasonably acceptable to Buyer; (ii) all
customer records relating to the operation of the Business at the Location; (iii) certified copy of resolutions duly adopted by
the Shareholder and the Seller&rsquo;s Board of Directors, approving the terms and conditions of this Agreement and authorizing
Seller&rsquo;s officers to execute, deliver and consummate the same for and on behalf of Seller; (iv) certificate of Seller&rsquo;s
good standing as a Florida corporation and certified copies of Seller&rsquo;s organizational documents and by-laws; (v) possession
of the Acquired Assets; (vi) at Seller&rsquo;s cost, UCC, tax and judgment search reports issued by a company reasonably satisfactory
to Buyer evidencing that the Acquired Assets are free from Liens or encumbrances of any sort; (vii) termination statements terminating
all financing statements of record on the Closing Date under the Uniform Commercial Code with respect to the Acquired Assets, or
a written commitment from the secured party, in form and substance reasonably acceptable to Buyer, to provide the same; (viii)
the originals or certified copies of the Purchased Commitments; (ix) a certification to Buyer, in form and substance reasonably
acceptable to Buyer, that Seller warrants that, as of the Closing Date it is in good standing, duly authorized, no default has
occurred under any material agreement relating to the Acquired Assets, all third</P>

<!-- Field: Page; Sequence: 4; Value: 2 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!--
                                                                                                                                                                                                                      Field:
                                                                                                                                                                                                                      Sequence;
                                                                                                                                                                                                                      Type:
                                                                                                                                                                                                                      Arabic;
                                                                                                                                                                                                                      Name:
                                                                                                                                                                                                                      PageNo
                                                                                                                                                                                                                      --><i>4</i><!--
                                                                                                                                                                                                                      Field:
                                                                                                                                                                                                                      /Sequence
                                                                                                                                                                                                                      --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 0">party consent needed to sell
the Acquired Assets has been obtained and no proceedings are pending against Seller or Shareholder ; (x) good, marketable and insurable
title to the Real Property, free from all liens and encumbrances and municipal matters, including an acceptable certified boundary
survey for the real properties and other deliverables set forth in the Real Estate Rider; (xi) a Closing Certificate as described
in <B><U>Section 6</U></B> and (xiii) such other documents as Buyer&rsquo;s attorney may reasonably request or are required pursuant
to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><B>5. <U>Representations and
Warranties of Seller</U>. </B>Except as otherwise disclosed in writing to Buyer on or after the Effective Date, to induce Buyer
to execute this Agreement and consummate the transactions contemplated hereunder the Seller hereby represents and warrants to
Buyer as of the date hereof as follows:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">5.1. <U>Organization, Good
Standing, Authorization</U>. Seller is a corporation duly organized, validly existing and in good standing under the
provisions the law of the State of Florida. Seller has all requisite corporate power and authority to own and operate its
properties and to carry on its business as now conducted. Seller has all corporate power and the Shareholder has authority to
enter into this Agreement and all other agreements and documents to be executed by them at Closing pursuant hereto
(collectively, the &ldquo;<B>Acquisition Agreements</B>&rdquo;). The Acquisition Agreements have been, or will be at the
Closing, as applicable, duly executed and delivered by the Seller and shall constitute the legal, valid and binding
obligations of Seller, enforceable against Seller in accordance with their respective terms, except to the extent that
enforcement may be affected by laws relating to bankruptcy, reorganization, insolvency and creditors&rsquo; rights and by the
availability of injunctive relief, specific performance and other equitable remedies.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">5.2. <U>No Violation</U>.
The execution, delivery, compliance with and performance by Seller of the Acquisition Agreements does not and will not: (i)
violate or contravene the articles of incorporation or by-laws, as amended to date (the &ldquo;<B>Charter
Documents&rdquo;</B>), of Seller; (ii) violate or contravene any law, rule, regulation, ordinance, order, judgment or decree
(collectively, &ldquo;<B>Applicable Law</B>&rdquo;) to which such Seller or any of its assets is subject; (iii) conflict with
or result in a breach of or constitute a default by any party under any agreement or other document to which Seller is a
party or by which any of their assets or properties are bound or are subject; (iv) result in the creation of any Lien upon
any of such Seller&rsquo;s properties or the Acquired Assets or give to any person or entity a right of acceleration or
termination; (v) require any approval or consent of any person under the Charter Documents of such Seller, or any agreement
or other document to which Seller is a party or by which Seller or any of its assets or properties are subject; (vi) result
in the termination, modification or cancellation of any transferable license, permit, franchise, governmental authorization,
contract, clearance or approval necessary for the lawful operation of the Business by Buyer; and (vii) require Seller to
obtain any authorization, consent, permit, filing, clearance, registration or exemption or other action by or from or notice
to or filing with (either before or after the Closing Date) any federal or state court, administrative agency or other
governmental body, other than the FLA. As to any authorization, consent, approval, permit, filing, clearance, registration or
exemption or other action relating to Seller&rsquo;s operation of the Business, there are no waivers, conditions or
&ldquo;grandfathered&rdquo; conditions which would be reasonably likely to adversely affect the Acquired Assets or the
operation of a restaurant or bar at the Location on or after the Closing.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">5.3. <U>Title</U>. Seller
has, and Buyer will receive at Closing, good, valid and marketable title to all of the Acquired Assets free and clear of all
Liens, leases, tenancies and not subject to any pending probate matters. The Acquired Assets comprise all assets of the
Seller other than the Excluded Assets. All tangible personal property at the Location is owned by the Seller and not leased.
All of the Acquired Assets are in good operating condition and repair and no maintenance, repairs, or replacement thereof has
been unreasonably deferred. There are no financing statements under the Uniform Commercial Code filed with the Florida
Secretary of State<B> </B>which name Seller as debtor, excepting only financing statements</P>

<!-- Field: Page; Sequence: 5; Options: NewSection; Value: 5 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><i>5</i><!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 0">no longer in effect, and Seller
has not signed any security agreement authorizing any secured party thereunder to file any such financing statement.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">5.4. <U>No Subsidiaries</U>. Seller
does not own and has never owned, either directly or indirectly, any interest (whether debt or equity) in any other entity.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">5.5. <U>Intellectual
Property</U>. Seller has all rights to use and assign all intellectual property which relates to the Business as now operated
or used by Seller in the operation of the Business, including the [trade name] - the &ldquo;Rustic Inn Crabhouse &amp;
Seafood&rdquo;. The use of such intellectual property by Seller does not infringe on the rights of any other party. Seller
has all appropriate licenses (all of which are in full force and effect) to operate its computer programs and all such
licenses are freely assignable to Buyer.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">5.6. <U>Legal
Proceedings</U>. Except as set forth on Schedule 5.6 attached hereto, there are no actions, suits, litigation, proceedings or
investigations pending or threatened by or against Seller or by or against any Shareholder which relate to the Business or
the Acquired Assets, and Seller has not received any written or oral claim, complaint, threat or notice of any such
proceeding or claim or is aware of any basis for any such claim.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">5.7. <U>Compliance with
Laws</U>. In operating the Business, Seller has complied in all material respects with <FONT STYLE="color: #2F2F2F">all
regulations, rules, ordinances, laws, statutes, orders and decrees of any governmental authority applicable to it
(collectively, the &ldquo;</FONT><B>Applicable Laws</B>&rdquo;). Seller has not received any notice asserting any violation
thereof or non-compliance therewith and there is no pending or to the best of Sellers&rsquo; knowledge, after due inquiry,
threatened investigation, inquiry or audit by any federal, state, or local governmental authority relating to Seller, the
Business or any of the Acquired Assets.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">5.8. <U>Permits and
Licenses</U>. (i) Schedule 5.8 identifies all existing permits and is complete and correct in all material respects; (ii)
such permits constitute all of the permits currently necessary for the ownership and operation of the Business, including,
but not limited to, the food and beverage licenses required to sell and serve food and liquor at the Business; (iii) no
default has occurred in the due observance or condition of any Permit which has not been heretofore corrected; (iv) Seller
has not received any notice from any source to the effect that there is lacking any permit needed in connection with the
operation of the Business or any restaurant, bar or other operation connected therewith; and (v) all permits (except those
listed on Schedule 1.2) are assignable to Purchaser. Each permit and license held by Seller (including the Liquor License) is
valid and in full force and effect, all fees and deposits required in connection therewith have been paid, and no such
license is subject to any limitation, restriction, probation or other qualification. There is not pending, or to the best of
Seller&rsquo;s knowledge, after due inquiry, threatened, any investigation or proceeding which would reasonably be expected
to result in the termination, revocation, limitation, suspension, restriction or impairment of any such license or the
imposition of any fine, penalty or other sanctions for violation of any such license requirements. Seller now has, and has
had at all relevant times, all licenses required to legally own and conduct the Business and to own and use the Acquired
Assets. There are not any orders, judgments, decrees, governmental takings, condemnations or other proceedings which would be
applicable to the Business conducted by the Seller or the properties of the Seller and which would reasonably be expected
to materially adversely affect the properties, Acquired Assets, liability, operations or prospects of Buyer after the Closing
Date.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">5.9.
</FONT><U>Title to Real Property</U>. The interest in the Real Property owned by Seller
is good, marketable and insurable title in fee simple, free and clear of all tenancies and leases, mortgages, options, liens, charges,
easements, agreements, claims, restrictions or other encumbrances of any kind or nature, except as set forth on Schedule 5.9 attached
hereto to be satisfied at Closing.</P>

<!-- Field: Page; Sequence: 6; Value: 5 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><i>6</i><!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) Seller is the sole owner
of the Real Property and (i) no option to purchase any of the Properties, as defined in the annexed Real Estate Rider, or any right
of first refusal or right of first offer to purchase any of the Properties exists, and (ii) Seller has not granted any option to
purchase any of the Properties, as defined in the annexed Real Estate Rider, or any right of first refusal or right of first offer
to purchase any of the Properties.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) The Properties are not encumbered
by any lease or occupancy agreement on the date of this Contract and will be delivered broom clean.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c) The air rights and development
rights appurtenant to the Properties, to the extent existing under local law, have not been previously sold or transferred and
will not be sold or transferred prior to the Closing.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d) There are no service, maintenance,
supply, management or other written or verbal contracts or agreements affecting the Properties to which Seller is a party which
will remain in effect beyond the Closing.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(e) Seller is not a, and is
not acting directly or indirectly for or on behalf of any, person, group, entity or nation named by any Executive Order of the
United States Treasury Department as a terrorist, &ldquo;Specifically Designated National and Blocked Persons,&rdquo; or other
banned or blocked person, entity, nation or transaction pursuant to any law, order, rule or regulation that is enforced or administered
by the Office of Foreign Assets or directly on behalf of, or instigating or facilitating this transaction, directly or indirectly,
on behalf of, any such person, group, entity, or nation.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(f) There is no suit, special
proceeding, arbitration or administrative proceeding presently pending or, to Seller&rsquo;s knowledge, threatened concerning the
Properties to which Seller is a party.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(g) There are no pending or
contemplated condemnation or eminent domain proceedings (or process or purchase in lieu thereof) affecting the Properties or any
part thereof.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(h) Seller has not received
any written notice from any governmental authority or agency claiming that (i) the Properties or any use thereof violates any Environmental
Laws in any material respect, or (ii) Seller or any tenant or other occupant of the Properties has violated any Environmental Laws
with respect to the Property in any material respect. As used herein, &ldquo;Environmental Laws&rdquo; means all applicable federal,
state, regional and local laws including rules of common law, statutes, regulations, ordinances, codes, rules and other governmental
restrictions and requirements, relating to the discharge of air pollutants, water pollutants or process waste water or otherwise
relating to the environment or hazardous substances.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i) There are no enforcement
actions under any Environmental Laws pending against Seller or any tenant, and there are no enforcement actions under any Environmental
Laws pending against the Properties, or threatened in writing against Seller, any tenant or the Properties; and</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(j) Seller has not instituted,
and will not institute, and is not aware of any pending or threatened zoning proceedings which would materially and adversely affect
the zoning currently applicable to the Properties.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(k) There are no municipal matters
adversely affecting the properties, such as permits, violations, code citations, assessments, liens, fines or the like.</P>

<!-- Field: Page; Sequence: 7; Value: 5 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><i>7</i><!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(l) Seller freely
owns and may convey all appropriate rights to the dock and floating barge. Seller represents the dock was built within code requirements,
is safe for use and can pass underwater inspection.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">5.10. </FONT><U>Commitments</U>. Seller has delivered
or made available to Buyer true and correct copies of all written contracts, agreements, commitments, arrangements and personal
property leases which relate to the Business and/or the Acquired Assets, including without limitation, all amendments thereto.
A true, correct and complete list and summary description of all such written documents and any and all oral contracts, agreements,
commitments, arrangements and personal property leases which relate to the Business and/or the Acquired Assets is attached hereto
as <B><U>Schedule 5.10</U></B>. All Purchased Commitments are in full force and effect (and are expected to be in full force and
effect immediately following the Closing) and represent the valid and binding obligations of Seller and other parties. The Seller
and all other parties thereto have performed in all material respects all obligations required to be performed by it or them thereunder,
respectively. Neither Seller nor any other party is (with or without the lapse of time or the giving of notice, or both) in default
under any such Purchased Commitment (other than any default under any Purchased Commitment which is not material to the Business
and which default is not expected to result in material liability to Seller or Buyer as assignee), and Seller has not received
any notice of any default or termination of any such Purchased Commitment from any other party thereto and Seller is not aware
of any facts or circumstances (with or without the lapses of time or the giving of notice or both) under which it would be reasonably
likely that there would be a default or termination of any such Purchased Commitment. Seller has no outstanding powers of attorney
relating to the Business or the Acquired Assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">5.11. </FONT><U>Financial
Statements</U>. Seller has heretofore
delivered to Buyer (or will deliver, within fifteen (15) days after the Effective Date) its financial statements for the months
January through October 31, 2013 and for the years ended December 31, 2012 and 2011 and its tax returns for the years 2012, 2011
and 2010. Seller will deliver to Buyer as soon as practicable its financial statements for each month in 2013 which elapses prior
to the Closing Date. The financial statements referred to in the first sentence of this <B><U>Section 5.11</U></B> (collectively,
the &ldquo;<B>Financial Information</B>&rdquo;) are based upon the information contained in the books and records of the Seller
and present fairly the assets, liabilities and financial condition of the Seller as of the respective dates thereof and the results
of such Seller&rsquo;s operations for the periods ended as of the respective dates thereof. The Financial Information in each case
has been prepared in conformity with generally accepted accounting principles applied on a consistent basis throughout the periods
involved and with prior periods and the Financial Information does not materially overstate or understate the gross revenues or
net income or the major operating expenses, including, but not limited to, food and beverage purchases, salaries, and payroll tax
expenses of Seller.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">5.12. </FONT><U>No
Undisclosed or Transferee Liability</U>. Seller has no debt,
liability or obligation of any nature, whether accrued, absolute, contingent or otherwise, that is not reflected or reserved against
in the Financial Information, other than liabilities incurred in the ordinary course of business after the date of the latest of
the Financial Information. All debts, liabilities and obligations of Seller or otherwise relating to the Business or the Acquired
Assets incurred after the periods covered by the Financial Information have been incurred in the ordinary course of business, consistent
with past practice, and are usual and normal in amount. The transactions described herein will not result in Buyer being subject
to any &ldquo;transferee liability&rdquo; of any type (other than as expressly assumed by Buyer and for which Buyer receives a
credit under this Agreement), including, without limitation, any liability for Sellers&rsquo; debts and obligations to creditors
or to any state, local or federal taxing body or to the [Florida Department of Labor] or similar governmental entity or division.</P>

<!-- Field: Page; Sequence: 8; Value: 5 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><i>8</i><!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">5.13. </FONT><U>No
Brokers</U>. Except as described
on<U> Schedule 5.13</U>, Seller has not employed, either directly or indirectly, or incurred any liability to, any broker, finder
or other agent in connection with the transactions contemplated by this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">5.14. </FONT><U>Taxes</U>. Seller is not delinquent
with respect to money due to any federal state, or local taxing authority or any other governmental entity for income tax or any
other tax, or interest, penalties, assessments or deficiencies relating thereto (collectively, &ldquo;<B>Taxes</B>&rdquo;). Seller
has filed all federal, state and local and all other tax returns which it is required to have filed. Seller has paid or made adequate
provision for the payment of all Taxes which have or may become due pursuant to said returns, or pursuant to any assessment received
with respect thereto, or which is otherwise due and payable by such Seller. As of the Closing Date, Seller shall have paid all
accrued sales taxes owed by Seller in the state of Florida. No adjustment of or deficiency of any Taxes or claim for additional
Taxes has been proposed, or to the best of Sellers&rsquo; knowledge, threatened, asserted or assessed against Seller. There are
no audits or other examinations being conducted or, to the best of Sellers&rsquo; knowledge, after due inquiry threatened by any
taxing authority, and there is no deficiency or refund litigation or controversy in progress or, to the best of Sellers&rsquo;
knowledge, after due inquiry, threatened, with respect to any Taxes previously paid by Seller or with respect to any returns previously
filed by Seller or on behalf of Seller. Seller has not made any express waiver of any statute of limitations relating to the assessment
or collection of Taxes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">5.15. </FONT><U>Shareholders&rsquo;
Ownership</U>. The Estate of Wayne
H. Oreal owns 100% of the issued and outstanding capital stock of Seller. Seller (and no other person or entity) owns all right,
title or interest in personal property of any kind that was actually used and was necessary to the previous conduct of the Business
by Seller, whether tangible or intangible, wherever located.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">5.16. </FONT><U>Employee
Matters</U>. Except as set forth
as schedule 5.16 attached hereto, no employee of Seller has a written employment agreement or is other than an &ldquo;at-will&rdquo;
employee. Seller is not a party to, and Seller is not subject to, any collective bargaining or other agreement or understanding
with any labor union, and no approval by any labor union is required to complete this transaction. Prior to the date hereof, no
labor union has attempted to represent employees of the Seller at the Location. Seller is not privy to or involved in any labor
or union controversy or other interaction of any kind. There are no grievances, disputes or controversies with any individual or
group of employees which would reasonably be expected to have a material and adverse effect on the Business. The Seller has not
received notice of any labor action for failure to pay Seller&rsquo;s employees appropriately.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">5.17. </FONT><U>No
Discounts or Promotions</U>. None</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">5.18. </FONT><U>No
Change</U>. Since the
Effective Date there has not been: (a) any change in the condition of the Acquired Assets; (b) any contract, agreement, lease or
other commitment or arrangement (written or oral) entered into or amended relating to the Business; (c) any indebtedness, liability
or obligation created, incurred or assumed by any Seller; (d) any acquisition by Seller of any Acquired Assets in any transactions
with any of Seller&rsquo;s officers, directors or Shareholder, or any relative by blood or marriage or any Affiliate (as hereinafter
defined) thereof or of Seller, or any acquisition of any Acquired Assets of material value in any transaction with any other person
or entity; (e) any material change in Seller&rsquo;s maintenance of its books of account; (f) any sale, lease or other disposition
of or agreement to sell, lease or otherwise dispose of, any of the Acquired Assets, except in the ordinary course of business and
consistent with past practice; or (g) any other event, condition, change or circumstance which has had, or is reasonably expected
to have, a material adverse effect, on Seller or the Acquired Assets taken as a whole. &ldquo;<B>Affiliate</B>&rdquo; shall mean
any party which is directly or indirectly controlling, controlled by or under common control with another person or entity.</P>

<!-- Field: Page; Sequence: 9; Value: 5 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><i>9</i><!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">5.19. </FONT><U>Solvency</U>. Assuming that Buyer
performs all of its obligations under this Agreement, Seller will have sufficient funds to satisfy all obligations owed to its
creditors. Seller is solvent and has assets which have a fair value in excess of its liabilities. The Purchase Price is fair, has
been negotiated on an arms-length basis, and is greater than what Seller could obtain for the Assets if such Assets were sold on
a liquidation sale basis. Seller has had the opportunity to obtain consult with its independent advisors as to the merits of the
transaction described herein. Seller is not entering into this transaction under duress nor as result of the requirement of any
lender, creditor or the FLA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">5.20. </FONT><U>Inventory.
</U><FONT STYLE="text-underline-style: none">As of the Effective Date, the Inventory of the Business is set forth on Schedule 5.8.
The Seller shall provide at least three days prior to Closing a report of all existing inventory at the Location (the &ldquo;<B>Inventory</B>&rdquo;)
that at such time is owned by Seller and which is (a) usable or saleable in the ordinary course of the Business<FONT STYLE="color: black">;
</FONT>(b) sufficient but not excessive in kind or amount for the conduct of the Business as it is presently being conducted, and
(c) carried on the books of Seller at an amount which reflects costs. No less than three (3) days prior to Closing, Seller shall
provide a certified report of the Inventory at the Location and the corresponding cost associated therewith (the &ldquo;<B>Inventory
Report</B>&rdquo;) setting forth the value of the Inventory at cost for the purposes of calculating the Purchase Price. The value
of the inventory shall be calculated at one hundred percent (100%) of the aggregate cost of the Inventory.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">5.21. </FONT><U>Disclosure</U>. No representation
or warranty in this <B><U>Section 5</U></B> contains any untrue statement of a material fact or omits or will omit to state a material
fact necessary in order to make the statements contained herein or therein not misleading in light of the circumstances under which
they were made. There is no fact or circumstance known to Seller that has not been disclosed in writing to Buyer that is reasonably
likely to materially and adversely affect the Acquired Assets or the conduct of the Business following the Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none"><B>6.
</B></FONT><B><U>Conditions Precedent</U>.</B> Buyer shall not be obligated to close the transactions contemplated by this Agreement
unless each of the following conditions are satisfied, or expressly waived in writing by Buyer (collectively, the &ldquo;<B>Conditions
Precedent</B>&rdquo;): (a) Buyer and Seller, shall have entered into a management agreement to operate the Business at the Location
until the Liquor License from the FLA is issued to Buyer; (b) Seller shall have executed and delivered to Buyer at the Closing
a Certificate certifying: (i) as to the fulfillment of the matters contained in this <B><U>Section 6</U></B> and (ii) that as
of the Closing Date the representations and warranties of the Seller contained in this Agreement are true, complete and accurate
to the same extent and with the same force and effect as if made on such date; (c) the Seller shall have materially performed,
satisfied and complied with all obligations and covenants of Seller required by this Agreement to be performed or complied with
by them, respectively, at or before the Closing; (d) Seller shall have delivered to Buyer at or before the Closing, as applicable
hereunder, all documents and all other items required hereunder to be delivered by them, respectively, in form and substance reasonably
satisfactory to Buyer, with all such documents which require Seller&rsquo;s execution having been duly executed, as applicable,
by Seller; (e) Seller shall have obtained all necessary approvals, consents and clearances from governmental authorities (including
but not limited to Probate court, Department of Business and Professional Regulation, and Department of Revenue) and others in
connection with the transactions contemplated by this Agreement (the &ldquo;<B>Consents</B>&rdquo;), (f) no new law or amendment
to any existing Applicable Law has been enacted, proposed, promulgated, issued or otherwise effectuated which precludes the transaction
contemplated by this Agreement or which would materially adversely affect or is reasonably likely to materially adversely affect
in Buyer&rsquo;s reasonable determination the profitability or legality of the Business; (g) there has been no material adverse
change in the Business assets, liabilities, results of operations or prospects of Seller since the date of this Agreement; (h)
ARK Rustic Inn Real Estate, LLC shall have received certified environmental inspection reports for the subject Real Property indicating
no environmental contamination and a satisfactory engineer&rsquo;s structural report. If the FLA shall fail or refuse to issue
the Liquor License and if Buyer shall have made a good faith effort to obtain the Liquor License, then either Buyer or Seller
may, without liability, terminate its obligations under this Agreement. Seller shall cooperate with Buyer to: (i) obtain the FLA&rsquo;s
approval to operate the Business at the Location and (ii) complete the transactions contemplated by this Agreement.</P>

<!-- Field: Page; Sequence: 10; Value: 5 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><i>10</i><!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none"><B>7.
</B></FONT><B><U>Pre-Closing Covenants</U>.</B> In addition to other obligations contained in this Agreement, the parties hereto
shall perform their respective obligations under the following covenants between the Effective Date and the Closing Date:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">7.1. </FONT><U>Confidentiality</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) At all times
after the parties&rsquo; full execution of this Agreement, each of the parties hereto will hold, and will cause its officers, representatives,
brokers, attorneys, advisers and affiliates to hold, in confidence and not disclose to any other person, entity or governmental
unit for any reason whatsoever this Agreement, the terms hereof, or the transactions contemplated hereby (collectively, the &ldquo;<B>Information</B>&rdquo;),
except to the extent: (i) necessary for such party to consummate and give full effect to the transactions contemplated hereby,
(ii) such Information is required by order of any court or by law or by any regulatory agency to which either party is subject
or in connection with any civil or administrative proceeding (each party agreeing to give prior notice of such required disclosure,
to the extent practical, to the other party), (iii) such Information is or becomes publicly known other than through actions, direct
or indirect, of any party hereto or any such party&rsquo;s officers, representatives, brokers, attorneys, advisers or affiliates,
(iv) necessary in connection with the enforcement of the terms of this Agreement, or (v) permitted in writing by all parties hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) Buyer and Seller
acknowledge that either party&rsquo;s failure to comply with the promises contained in Section 7.1 will constitute a substantial
and material breach of this Agreement. Parties further acknowledges that any remedy at law for any breach or threatened or attempted
breach of the covenants contained in Section 7.1 may be inadequate and that the violation of any of the covenants contained in
Section 7.1 will cause irreparable and continuing damage to the Business. Accordingly, the Parties shall be entitled to specific
performance or any other mode of injunctive and/or other equitable relief to enforce its rights hereunder, including, without limitation,
an order restraining any further violation of such covenants, or any other relief a court might award, without the necessity of
showing any actual damage or irreparable harm or the posting of any bond or furnishing of other security, and that such injunctive
relief shall be cumulative and in addition to any other rights or remedies to which either party may be entitled. The covenants
in Section 7.1 shall run in favor of the parties and its affiliates, successors and assigns. The provisions of Section 7.1 shall
survive the Closing or termination of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c) In the event
a Closing does not occur, the Buyer and Seller will return all Information to the party that provided same or destroy all Information
that is in tangible form, together with any copies that may have been made, and provide written certification that the foregoing
has been completed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">7.2. </FONT><U>Reasonable
Efforts</U>. Each of the parties
hereto will use all reasonable efforts to take such actions as are to be taken by each of them respectively hereunder prior to
Closing, provided that no party is obligated to waive any condition to its obligations to close or to waive any performance of
this Agreement by the other party hereunder. The Seller agrees to use commercially reasonable efforts to obtain the Consents required
under this Agreement and Buyer shall use commercially reasonable efforts to assist in the obtaining of such consents. Each party
shall be responsible for its own costs and expenses relating to using its efforts as required hereby in obtaining the Consents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">7.3. </FONT><U>Ordinary
Course</U>: Seller will, unless
Buyer consents in writing: (a) own and use the Acquired Assets in accordance with all Applicable Laws, in the ordinary course,
and in a manner which will not be reasonably expected to have a material adverse effect on the Acquired Assets, (b) maintain the
Acquired Assets in good repair and working condition and maintain and keep in force existing insurance on the Acquired Assets,
(c) maintain any and all relationships with its existing employees, customers, suppliers and any other persons or firms with whom
Seller has significant contact in connection with the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"></P>

<!-- Field: Page; Sequence: 11; Value: 5 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><i>11</i><!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">operation of the Business
and take such other and further actions as may be reasonably necessary to preserve the goodwill of the Business, including the
prompt payment of all suppliers and vendors; (d) maintain its books and records in the ordinary course, consistent with past practice,
(e) maintains the Inventory at the level described on <U>Schedule 5.20</U> and (f) comply in all respects with all of the terms
of the Purchased Commitments and continue operating the Business in the ordinary course. In addition, Seller will not, without
Buyer&rsquo;s prior written consent: (i) remove, relocate, sell, transfer, pledge, lease, hypothecate or otherwise dispose of
any of the Acquired Assets outside of the ordinary course of business, (ii) enter into, engage in, or become a party to, directly
or indirectly, any transaction or agreement other than in the ordinary course of business, or (iii) increase the compensation
of any employee or independent contractor of the Business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">7.4. </FONT><U>Cooperation</U>. No party hereto will
intentionally take any action that would cause any condition set forth in this Agreement not to be fulfilled, including without
limitation, taking or causing to be taken any action that would cause the representations and warranties made by such party in
this Agreement not to be true and correct in all material respects as of the Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">7.5. </FONT><U>Governmental
Filings</U>. Each party hereto
will promptly make all governmental filings or other submissions which may be necessary in order for such party to be able to consummate
the transactions contemplated by this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">7.6. </FONT><U>Taxes
and Fees</U>. Seller shall prepare
and timely file, in a manner consistent with Applicable Laws, all tax returns relating to the Business and/or the Acquired Assets
required or permitted to be filed on or before the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">7.7. </FONT><U>Access</U>. From time to time
and at any time during normal business hours, Seller shall give Buyer and its representatives reasonable access to the Location
and Acquired Assets from the date hereof and through the Closing Date and shall promptly furnish to Buyer and its representatives
such information and records relative to the Business and the Acquired Assets as they shall, at any time and from time to time,
reasonably request, including but not limited to financial reports of operations and reports and other information as to the status
of Seller&rsquo;s liabilities to its vendors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">7.8. </FONT><U>Exclusivity</U>. Seller acknowledges
that Buyer has devoted and will devote substantial time and has incurred and will incur out-of-pocket expenses (including attorneys&rsquo;
fees and expenses) in connection with conducting business, financial, and legal due diligence investigations of Seller and the
Business, drafting and negotiating this Agreement and all related agreements and consummating the transactions contemplated hereby
and thereby. In the event that Seller violates any provision of this Agreement, Buyer shall have such remedies as are set forth
in herein. To induce Buyer to take the actions contemplated under this Agreement and the related agreements and to incur such expenses,
from the date of this Agreement until the earlier of the Closing or termination of this Agreement, Seller will not, directly or
indirectly: (a) enter into any written or oral agreement or understanding with any person or entity (other than Buyer) regarding
a sale (directly or indirectly including by way of merger or consolidation) of all or any part of the Business or the Acquired
Assets or the use of the Location; or (b) solicit, initiate or encourage the submission of any proposals or offer from any person
or entity (other than Buyer) regarding the possibility of any such sale or such use or participate in any discussions or negotiations
regarding, furnish any information with respect to, assist or participate in, or facilitate in any other manner any effort or attempt
by any person to do or seek any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">7.9. </FONT><U>Pre-Closing
Obligations</U>. Seller shall promptly
pay, perform and discharge in full and in accordance with their respective terms, all liabilities and obligations relating to the
Acquired Assets</P>

<!-- Field: Page; Sequence: 12; Value: 5 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><i>12</i><!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">and/or the Business which accrue prior to the Closing (regardless of when they actually arise), and all other Excluded Liabilities,
and Buyer shall have no responsibility therefor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">7.10. </FONT><U>Further
Actions</U>. From the date hereof
to the Closing or termination of this Agreement, the Seller will provide prompt notice to Buyer of any fact, condition, event or
occurrence that will or is reasonably likely to result in the failure of any of the conditions contained in this Agreement to be
satisfied or the breach of any representation or warranty set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none"><B>8.
</B></FONT><B><U>Indemnification</U>.</B> The Seller agrees to and shall defend, indemnify and hold harmless Buyer and its managers,
members, employees, agents, representatives and its and their respective successors and assigns (collectively, the &ldquo;<B>Buyer
Indemnified Parties</B>&rdquo;) harmless from and against any and all losses, damages, claims, actions, lawsuits, demands, proceedings,
assessments, judgments, deficiencies, costs, expenses (including without limitation, reasonable attorneys&rsquo; fees and expenses),
and governmental actions of every kind, nature or description (collectively, &ldquo;<B>Losses</B>&rdquo;) which arise out of,
or relate to any of the following: (a) the operation of the Business at any time on or prior to the Closing Date; (b) any breach
of any representation, warranty or covenant made by the Seller in the Acquisition Agreements; (c) any failure by the Seller to
perform, comply with or observe any one of more of its covenants, agreements or obligations contained in the Acquisition Agreements;
(c) liability arising from a breach or error by Seller in connection with the representations and warranties set forth in Section
5.21 and (d) any transferee liability for which the Buyer Indemnified Parties become liable on account of any obligation of Seller,
including, but not limited to any tax liability that the Buyer assumes by law. If there is any indemnification claim hereunder,
Buyer shall promptly cause notice of the claim to be delivered to the Seller, provided that the failure to give such notice shall
not affect the Buyer Indemnified Parties&rsquo; right to indemnification hereunder. The Seller shall defend such claim at their
sole cost and expense with legal counsel selected by the Buyer. The Buyer and its counsel shall have the right to participate
in the defense of any such claim at the Buyer&rsquo;s sole cost and expense. If notice is given and the Seller fail to promptly
assume or assert the defense of the claim in good faith, the claim may be defended, comprised or settled by the Buyer without
the Seller&rsquo;s consent and the Seller shall remain liable under this <B><U>Section 8</U></B>. Notwithstanding any provision
of this <B><U>Section 8</U></B> to the contrary: (a) the Buyer may retain control over the defense (at the cost of the Seller)
of any claim hereunder if such claim is for injunctive or other equitable relief; and/or (b) if in the reasonable opinion of the
Buyer there may be a conflict between the positions of the Buyer and Seller in conducting the defense of an action or that there
may be legal defenses available to Buyer different from or in addition to those which counsel for the Seller would be able to
raise, the Buyer shall be entitled to maintain its own independent defense of such action and the reasonable fees and expenses
of the Buyer&rsquo;s counsel shall be paid by the Seller. Seller cannot settle a matter other than for dollar damages without
the consent of Buyer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none"><B>9.
</B></FONT><B><U>Post-Closing Covenants</U>.</B> In addition to other obligations contained in this Agreement, the parties hereto
shall perform their respective obligations under the following covenants after the Closing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">9.1. </FONT><U>Taxes</U>. Seller shall pay any
and all sales, use, transfer or other taxes due or owing in connection with the transfer and conveyance of the Assets hereunder,
and Buyer shall have no liability therefor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">9.2. </FONT><U>Seller&rsquo;s
Employees</U>. Seller acknowledges
that on or after the Closing Date, Buyer may hire one or more persons previously employed by Seller, that any such persons shall
be treated as new hires by Buyer and that Buyer&rsquo;s employment of such persons shall in no way limit Seller&rsquo;s obligations
to pay any amounts or provide any benefits to such persons in connection with their employment by Seller or the termination thereof.
Nothing herein shall obligate Buyer to employ such employees or to employ them for any specific time period or to provide them
with any specific benefits or pay rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">9.3. </FONT><U>Records</U>. Seller will not dispose
of or destroy any records relating to the Business or the Acquired Assets which are not delivered to Buyer at or prior to Closing
for five (5) years thereafter and will provide Buyer with access to review and copy any such records during such period.</P>

<!-- Field: Page; Sequence: 13; Value: 5 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><i>13</i><!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">9.4. </FONT><U>Restrictive
Covenants</U>. The Seller acknowledges
and agree that Buyer would not have entered into this Agreement to purchase the Acquired Assets but for the following restrictive
covenants, that the provisions of this <B><U>Section 9.4</U></B> are supported by good and sufficient consideration, that the Seller
(including, but not limited to, officers, shareholders, employees and agents thereof) possesses information and expertise relating
to the Business and the Acquired Assets that will enable them to injure Buyer and diminish the value of the investment by Buyer
in the Business and the Acquired Assets if the Seller should engage in any business that is competitive with the Business conducted
by Buyer. The Seller hereby covenant and agree to deliver to Buyer during the Due Diligence Period, non-disclosure and non-competition
agreements, in a form acceptable by Buyer, executed by all Key Personnel, as identified by Seller and provided as a list to be
adopted as Schedule 9.4 during the Due Diligence Period. This separate non-competition agreement shall provide (a) for a period
of ten (10) years after the Closing Date (the &ldquo;<B>Restriction Period</B>&rdquo;) Key Personnel shall not: within fifty (50)
miles of the Location, directly or indirectly, as an owner, officer, employee, agent, or otherwise, operate a restaurant, bar or
catering hall either with the name &ldquo;Rustic Inn&rdquo; or any similar name and/or menu, design, or style of service similar
that of the Business; (b) for a period of three (3) years after the Closing Date directly or indirectly, as an owner, officer,
employee, agent, or otherwise solicit for employment or employ any employees of the Business or cause any employee of Buyer to
leave his or her employment, or to seek employment with any person or entity other than Buyer; or (c) they shall not directly or
indirectly, solicit, induce or encourage any dealer, supplier or customer of Buyer to modify or terminate any relationship, whether
or not evidenced by a written contract, with Buyer. If any provision of this <B><U>Section 9.4 or Section 7.1</U></B> is violated,
in whole or in part, Buyer shall be entitled in addition to damages upon application to any court of proper jurisdiction, to seek
a temporary restraining order, preliminary injunction or permanent injunction, to restrain and enjoin such violation without prejudice
as to any other remedies Buyer may have at law or in equity and Seller hereby consents to the issuance thereof by any court of
competent jurisdiction. The Seller agrees that the restrictions in this <B><U>Section 9.4 or Section 7.1</U></B> are reasonable
and necessary for the protection of Buyer&rsquo;s business and goodwill and that Buyer will suffer irreparable injury, for which
monetary damages alone may be inadequate, if Seller engages in the prohibited conduct. If Buyer seeks a temporary restraining order,
preliminary injunction or permanent injunction, Buyer shall not be required to post any bond with respect thereto, or, if a bond
is required, it may be posted without surety thereon and Seller waives any requirement for the securing or posting of any bond
in connection with such remedy. If any provision of this <B><U>Section 9.4</U></B> is held by any court of competent jurisdiction
to be unenforceable, or unreasonable, as to time, geographic area or business limitation, the parties agree that such provisions
shall be and are hereby reformed to the maximum time, geographic area or business limitation permitted by applicable law and the
court in each case shall reduce the necessary terms to a permissible duration, burden or scope. The parties further agree that,
in such event, the remaining restrictions contained herein shall be severable and shall remain in effect and shall be enforceable
independently of each other. Upon any breach of the covenants contained in this <B><U>Section 9.4</U></B>, whether or not there
is litigation, the restrictions as to duration contained therein shall be deemed automatically extended for a period at least equal
to the total period of such breach or breaches.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">10. </FONT><U>Miscellaneous</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">10.1. </FONT><U>Notices</U>. All notices consents,
demands and other communications hereunder are to be in writing and must be sent or transmitted by (i) United States mail, certified
or registered, return receipt requested (ii) confirmed overnight courier service, or (iii) confirmed facsimile transmission properly
addressed or transmitted to the address of the party below or to such other mailing address or facsimile number as one party shall
provide to the other party in accordance with this provision and are deemed to have been duly given or made on the delivery date
if delivery is made during applicable normal working hours, or on the next business day if delivered after applicable normal working
hours. In the event a delivery or notice deadline falls on a weekend or holiday, then the applicable deadline will be extended
to</P>

<!-- Field: Page; Sequence: 14; Value: 5 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><i>14</i><!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">include the first business day following such weekend or holiday. If to Buyer: Ark Rustic Inn LLC, 85 Fifth Avenue, 14<SUP>th</SUP>
Floor, New York, NY 10003; Attn: Michael Weinstein, CEO, with a copy to Elliot H. Lutzker at Davidoff Hutcher &amp; Citron LLP,
605 Third Avenue, 34<SUP>th</SUP> Floor, New York, New York 10158, and if to Seller: W and O, Inc., 4331 Ravenswood Road, Dania
Beach, Florida 33312, Attn: Henry J. Oreal, with copy to: Rene G. VanDe Voorde at VanDe Voorde Hall Law, P.L., 1327 North Central
Avenue, Sebastian, Florida 32958 and Henry J. Oreal at 13795 Ruffner Lane, Sebastian FL 32958.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">10.2. </FONT><U>Construction</U>. This Agreement constitutes
the entire understanding of the parties and may be amended only by a writing executed by all of the parties to be bound. The section
and subsection headings of this Agreement have been inserted solely for convenience of reference, and shall not control or affect
the meaning or construction of any of the provisions of this Agreement. No provision of this Agreement will be interpreted in favor
of, or against, any of the parties hereto by reason of the extent to which any such party or its legal counsel participated in
the drafting thereof or by reason of the extent to which any such provision is inconsistent with any prior draft hereof or thereof.
The parties agree that they have had the opportunity to read this Agreement and obtain the advice of legal counsel, and further
agree that the provisions set forth herein are fair and reasonable. The recitals form an integral part of this Agreement and are
hereby incorporated herein. <FONT STYLE="color: black">Any ambiguity or uncertainty existing herein shall not be interpreted or
construed against any party hereto</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">10.3. </FONT><U>Invalidity</U>. In the event any provision
or portion of any provision of this Agreement is held invalid or unenforceable by a court of competent jurisdiction as applied
to any fact or circumstance, the remaining provisions and portions of this Agreement and the same provision as applied to any other
fact or circumstance shall not be affected or impaired thereby, and shall remain valid and enforceable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">10.4. </FONT><U>Waiver</U>. No failure of any
party to exercise any right or remedy given such party under this Agreement or otherwise available to such party or to insist upon
strict compliance by any other party with its obligations hereunder, and no custom or practice of the parties in variance with
the terms hereof, shall constitute a waiver of any party&rsquo;s right to demand exact compliance with the terms hereof, unless
such waiver is set forth in writing and executed by such party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">10.5. </FONT><U>Assignment;
Binding Effect</U>. No party may assign
its rights or delegate its obligations hereunder without the consent of the other party; except that Buyer may assign its rights
under this Agreement to a corporation, limited liability company or other similar entity owned and controlled by Buyer. Subject
to the foregoing, this Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs,
executors, administrators, successors and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">10.6. </FONT><U>Facsimile
and Counterparts</U>. This Agreement may
be executed by facsimile and/or simultaneously in one or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">10.7. </FONT><U>Risk
of Loss</U>. In the event there
is a material loss regarding the Business or the Location between the Effective Date and the Closing Date, Buyer, at its option,
may (a) terminate this Agreement and the parties hereto shall have no further obligations hereunder, or (b) close the transaction
described herein, provided that Buyer shall be entitled to a credit for the fair value of any Acquired Assets destroyed or damaged
on account of such loss.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">10.8. </FONT><U>Joint
and Several Liability</U>. In this Agreement
and in every document executed in connection with or pursuant hereto, each Shareholder joins in each and every representation,
warranty and covenant made by the Seller and joins in and does guarantee each and every obligation of the Seller under this Agreement
and those other documents.</P>

<!-- Field: Page; Sequence: 15; Value: 5 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><i>15</i><!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">10.9. </FONT><U>Submission
of Agreement</U>. The submission of
this Agreement to the Seller or their agents or attorneys for review shall not be deemed an offer to purchase from Buyer, and no
agreement with respect to the purchase and sale of the Acquired Assets shall exist unless and until this Agreement is executed
and delivered by the Seller and Buyer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">10.10. </FONT><U>No
Joint Venture</U>. Nothing contained
in this Agreement shall be deemed or construed to create any partnership, joint venture or other relationship between the Seller
and Buyer (other than the relationship of seller and/or shareholder and buyer). No term or provision of this Agreement is intended
to be, or shall be, for the benefit of any person or entity other than the Seller and Buyer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">10.11. </FONT><U>Further
Assurances</U>. Consistent with the
terms and conditions hereof each party shall execute and deliver all instruments, certificates and other documents and shall perform
all other acts which the other party reasonably requests in order to carry out this Agreement and the transactions contemplated
hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">10.12. </FONT><U>Survival</U>. The provisions of
<B><U>Section 2</U></B>, <B><U>Section 5</U></B>, <B><U>Section 8</U></B>, <B><U>Section 9</U></B> and <B><U>Section 10</U></B>
shall survive the Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">10.13. </FONT><U>Applicable
Law</U>. This Agreement shall
be construed and enforced in accordance with the laws of the State of Florida.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">10.14. </FONT><U>JURY
WAIVER</U>. TO THE EXTENT PERMITTED
BY APPLICABLE LAW, EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVE ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING
OUT OF OR RELATING TO THIS AGREEMENT OR THE RELATIONSHIP CONTEMPLATED HEREBY.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="text-underline-style: none">10.15. </FONT><U>Fees
and Expenses</U>. Each of the parties
hereto shall pay its own fees, costs and expenses incurred in connection with the negotiation, preparation, execution and delivery
of this Agreement and the consummation of the transactions contemplated hereby. In any action brought to enforce the terms of this
Agreement or any guarantee of obligations hereunder, the prevailing party shall be entitled to recover all costs of enforcement
and litigation, including but not limited to reasonable attorney&rsquo;s fees. As used in this Agreement, the term &ldquo;<B>prevailing
party</B>&rdquo; means that party whose position is substantially upheld in a final judgment rendered in any litigation or proceeding,
or, if the final judgment is appealed, that party whose position is substantially upheld by the decision of the final appellate
body that considers the appeal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">[SIGNATURE
PAGE FOLLOWS]</P>

<!-- Field: Page; Sequence: 16; Value: 5 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><i>16</i><!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
the parties have caused this Asset Purchase Agreement to be executed the day and year first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>SELLER:</B></P>
                                                                     <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase"><B>W AND O, INC.</B></FONT> a Florida corporation</P>

</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>BUYER:</B></P>
                                                                     <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase"><B>ARK RUSTIC INN, LLC</B></FONT><BR> a Delaware limited liability company</P>

</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 40%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 5%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 8%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 40%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 3%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">By:</FONT>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1px solid">/s/ <FONT STYLE="font-family: Harlow Solid Italic">Henry J. Oreal</font></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">By:&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1px solid"><FONT STYLE="font-size: 10pt">/s/ <FONT STYLE="font-family: Harlow Solid Italic">Robert Stewart</font></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">HENRY J. OREAL, as President</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Its:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1px solid"><FONT STYLE="font-size: 10pt">Chief Financial Officer</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Printed Name:&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1px solid"><FONT STYLE="font-size: 10pt">Robert Stewart</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>SHAREHOLDER:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">By:</FONT>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1px solid">/<FONT STYLE="font-size: 10pt">s/ <FONT STYLE="font-family: Harlow Solid Italic">Henry J. Oreal</font></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>HENRY J. OREAL, as Personal Representative of </B></FONT><BR> <FONT STYLE="font-size: 10pt"><B>THE WAYNE OREAL ESTATE</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"></P>

<!-- Field: Page; Sequence: 17 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>

<!-- Field: /Page -->


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
