SECOND AMENDED AND RESTATED PLEDGE AGREEMENT
[SUBSIDIARY BORROWERS]
SECOND AMENDED AND RESTATED PLEDGE AGREEMENT, dated as of June 2, 2015 (this
"Pledge Agreement"), by THE ONE GROUP, LLC, a Delaware limited liability company
(the "Pledgor"), in favor of BANKUNITED, N.A. (the "Bank").
Reference is made to the Term Loan Agreement dated as of December 17, 2014,
among the Pledgor, certain of its affiliates (collectively, the "Borrowers") and
the Bank (as heretofore amended from time to time, the "Existing Term Loan
Agreement") and in connection therewith, the Pledgor and the Bank entered into
an Amended and Restated Pledge Agreement, dated as of December 17, 2014 (the
"Existing Pledge Agreement").
The Borrowers and the Bank are entering into a Second Term Loan Agreement dated
as of June 2, 2015 (as it may hereafter be amended, supplemented, restated or
otherwise modified from time to time, hereinafter referred to as the "Second
Term Loan Agreement"; the Existing Term Loan Agreement and the Second Term Loan
Agreement are hereinafter sometimes referred to together as the "Term Loan
Agreements") pursuant to which, inter alia, the Bank is making an additional
term loan facility available to the Borrowers.
It is a condition precedent to the effectiveness of the Second Term Loan
Agreement and the obligation of the Bank to make the additional term loan
facility available to the Borrowers that the Borrowers shall have executed and
delivered this Pledge Agreement.
Accordingly, in consideration of the premises and mutual agreements herein
contained, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto do hereby amend
and restate the Existing Pledge:
Accordingly, the Pledgor hereby agrees as follows:
Section 1.Certain Definitions.
(a)    Unless the context otherwise requires, capitalized terms used herein and
not defined herein shall have the meanings assigned to such terms in the Term
Loan Agreement.
(b)    As used herein the following terms shall have the following meanings:
"Collateral": (i) the Pledged Equity, (ii) all additional equity interests of
any issuer of the Pledged Equity from time to time acquired by the Pledgor in
any manner, and any certificates representing such additional equity interests,
and all dividends, cash, instruments and other property from time to time
received, receivable or otherwise distributed in respect of or in exchange for
any or all of such equity interests; and (iii) all proceeds of any and all of
the foregoing Collateral (including, without limitation, proceeds that
constitute property of the types described above).
"Pledged Equity": the equity interests described in Schedule I attached hereto
and issued by the entities named therein, including, without limitation, all of
the Pledgor's rights, privileges, authority and powers as a member of the issuer
of the Pledged Equity, and any certificates representing the Pledged Equity, and
all dividends, cash, instruments and other property from time to time received,
receivable or otherwise distributed in respect of or in exchange for any or all
of the Pledged Equity.

 

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"Obligations": (i) the due and punctual payment of (x) principal of and premium,
if any, and interest (including interest accruing during the pendency of any
bankruptcy, insolvency, receivership or other similar proceeding, regardless of
whether allowed or allowable in such proceeding) on the Loans and the Existing
Loan, when and as due, whether at maturity, by acceleration, upon one or more
dates set for prepayment or otherwise, and (y) all other monetary obligations,
including fees, commissions, costs, expenses and indemnities, whether primary,
secondary, direct, contingent, fixed or otherwise (including monetary
obligations incurred during the pendency of any bankruptcy, insolvency,
receivership or other similar proceeding, regardless of whether allowed or
allowable in such proceeding), of the Borrowers to the Bank or any Guarantor
including under the Term Loan Agreements and the other Loan Documents and the
other Existing Term Loan Documents (the Loan Documents and the Existing Loan
Documents are hereinafter sometimes referred to collectively as the "Term Loan
Documents"), or that are otherwise payable under the Term Loan Documents and
(ii) the due and punctual performance of all covenants, agreements, obligations
and liabilities of the Borrowers or any Guarantor to the Bank including under or
pursuant to the Term Loan Documents.
Section 2.    Pledge. As security for the payment or performance, as applicable,
in full of the Obligations, the Pledgor hereby pledges to the Bank, and grants
to the Bank a security interest in, the Collateral.
Section 3.    Delivery of Collateral. All certificates or instruments
representing or evidencing the Collateral, if any, shall be delivered to and
held by or on behalf of the Bank pursuant hereto and shall be in suitable form
for transfer by delivery, or shall be accompanied by duly executed instruments
of transfer or assignment in blank, all in form and substance satisfactory to
the Bank. After an Event of Default has occurred, the Pledgor shall cause any
issuer of the Pledged Equity that constitutes uncertificated securities to (a)
register transfer of each item of Pledged Equity in the name of the Bank and (b)
deliver to the Bank by telecopy a certified copy of the then current register of
equity-holders in such issuer, with such transfer and other pledges of equity
duly noted. The Bank shall have the right, at any time after an Event of Default
has occurred and is continuing, in its discretion and upon notice to the
Pledgor, to transfer to or to register in the name of the Bank or any of its
nominees any or all of the Collateral. In addition, the Bank shall have the
right at any time an Event of Default has occurred and is continuing to exchange
certificates or instruments representing or evidencing Collateral for
certificates or instruments of smaller or larger denominations.
Section 4.    Representations and Warranties. The Pledgor represents and
warrants as follows:
(a)    The Pledgor is the legal and beneficial owner of the Collateral referred
to on Schedule I free and clear of any lien, security interest, option or other
charge or encumbrance except for the security interest created by this Pledge
Agreement.
(b)    The Pledged Equity has been duly authorized and validly issued and is
fully paid and non-assessable. There are no outstanding subscriptions, options,
warrants, rights, calls, commitments, conversion rights, rights of exchange,
plans or other agreements providing for the purchase, issuance or sale of any
equity interest in any issuer of the Pledged Equity.
(c)    The pledge of the Pledged Equity pursuant to this Pledge Agreement
creates a valid and perfected first priority security interest in the
Collateral, securing the payment of the Obligations.
(d)    The Pledgor is duly organized and validly existing in good standing under
the laws of the jurisdiction of its formation, has all requisite power and
authority to own its Property and to

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carry on its business as now conducted, and is in good standing and authorized
to do business in each jurisdiction in which the nature of the business
conducted therein or the Property owned by it therein makes such qualification
necessary, except where such failure to qualify could not reasonably be expected
to have a Material Adverse Effect.
(e)    The Pledgor has full legal power and authority to enter into, execute,
deliver and perform the terms of this Pledge Agreement which has been duly
authorized by all proper and necessary limited liability company action and is
in full compliance with its certificate of formation and operating agreement.
The Pledgor has duly executed and delivered this Pledge Agreement.
(f)    This Pledge Agreement constitutes the valid and legally binding
obligation of the Pledgor, enforceable in accordance with its terms, except as
such enforceability may be limited by applicable bankruptcy, insolvency,
reorganization or other similar laws affecting the enforcement of creditors'
rights generally and general principles of equity (whether considered in an
action at law or in equity).
(g)    No consent of any other person or entity and no authorization, approval,
or other action by, and no notice to or filing with, any governmental authority
or regulatory body is required (i) for the pledge by the Pledgor of the
Collateral pursuant to this Pledge Agreement or for the execution, delivery or
performance of this Pledge Agreement by the Pledgor, (ii) for the perfection or
maintenance of the security interest hereby, including the first priority nature
of such security interest (except for the filing of a financing statement in the
appropriate public office necessary to perfect the security interest granted
pursuant hereto) or (iii) for the exercise by the Bank of the voting or other
rights provided for in this Pledge Agreement or the remedies in respect of the
Collateral pursuant to this Pledge Agreement (except as may be required in
connection with any disposition of any portion of the Collateral by laws
affecting the offering and sale of securities generally).
(h)    The Pledged Equity constitutes the percentage of the issued and
outstanding equity interests of the issuer thereof indicated on Schedule I.
(i)    The Pledgor has, independently and without reliance upon the Bank and
based on such documents and information as it has deemed appropriate, made its
own credit analysis and decision to enter into this Pledge Agreement.
Section 5.    Further Assurances. The Pledgor shall at any time and from time to
time, at the expense of the Borrowers, promptly execute and deliver all further
instruments and documents, and take all further action, that may be necessary or
desirable, or that the Bank may reasonably request, in order to perfect and
protect any security interest granted or purported to be granted hereby or to
enable the Bank to exercise and enforce its rights and remedies hereunder with
respect to any Collateral.
Section 6.    Voting Rights; Dividends; Etc.
(a)    So long as no Event of Default shall have occurred and be continuing:
(i)    The Pledgor shall be entitled to exercise any and all voting and other
consensual rights pertaining to the Collateral or any part thereof for any
purpose not inconsistent with the terms of this Pledge Agreement and the other
Term Loan Documents; provided that the Pledgor shall not exercise or refrain
from exercising any such right without the prior written consent of the Bank if
such action would have a Material Adverse Effect on the value of the Collateral,
or any part thereof, or the validity, priority or perfection of the security
interests granted hereby or the remedies of the Bank hereunder.

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(ii)    The Pledgor shall be entitled to receive and retain any and all
dividends or other distributions paid in respect of the Collateral to the extent
not prohibited by this Pledge Agreement or the other Term Loan Documents,
provided that any and all (A) dividends or other distributions paid or payable
other than in cash in respect of, and instruments and other Property received,
receivable or otherwise distributed in respect of, or in exchange for, any
Collateral, (B) dividends and other distributions paid or payable in cash in
respect of any Collateral in connection with a partial or total liquidation or
dissolution or in connection with a reduction of capital, capital surplus or
paid‑in‑surplus, and (C) cash paid, payable or otherwise distributed in
redemption of, or in exchange for, any Collateral, shall be, and shall be
forthwith delivered to the Bank to be held as, Collateral and shall, if received
by the Pledgor, be received in trust for the benefit of the Bank, be segregated
from the other property of the Pledgor, and be forthwith delivered to the Bank
as Collateral in the same form as so received (with any necessary indorsement or
assignment).
(iii)    The Bank shall execute and deliver (or cause to be executed and
delivered) to the Pledgor, at the Borrowers' expense, all such proxies and other
instruments as the Pledgor may reasonably request for the purpose of enabling
the Pledgor to exercise the voting and other rights which they are entitled to
exercise pursuant to paragraph (i) above and to receive the dividends which it
is authorized to receive and retain pursuant to paragraph (ii) above.
(b)    Upon the occurrence and during the continuance of an Event of Default:
(i)    All rights of the Pledgor to (A) exercise the voting and other consensual
rights which it would otherwise be entitled to exercise pursuant to Section
6(a)(i) shall, upon written notice to the Pledgor by the Bank, cease and
(B) receive the dividends and other distributions which it would otherwise be
authorized to receive and retain pursuant to Section 6(a)(ii) shall
automatically cease, and all such rights shall thereupon become vested in the
Bank, which shall thereupon have the sole right, but not the obligation, to
exercise such voting and other consensual rights and to receive and hold as
Collateral such dividends and distributions.
(ii)    All dividends and other distributions which are received by the Pledgor
contrary to the provisions of paragraph (i) of this Section 6(b) shall be
received in trust for the benefit of the Bank, shall be segregated from other
funds of the Pledgor and shall be forthwith paid over to the Bank as Collateral
in the same form as so received (with any necessary indorsement).
(c)    In the event that all or any part of the securities or instruments
constituting the Collateral are lost, destroyed or wrongfully taken while such
securities or instruments are in the possession of the Bank, the Pledgor shall
cause the delivery of new securities or instruments in place of the lost,
destroyed or wrongfully taken securities or instruments upon request therefor by
the Bank without the necessity of any indemnity bond or other security other
than the Bank's agreement or indemnity therefor customary for pledge agreements
similar to this Pledge Agreement.
Section 7.    Transfers and Other Liens: Additional Shares.
(a)    Except as expressly permitted by the Term Loan Agreements, the Pledgor
shall not (i) sell, assign (by operation of law or otherwise) or otherwise
dispose of, or grant any option with respect to, any of the Collateral, or (ii)
create or permit to exist any lien, security interest, option or other charge or
encumbrance upon or with respect to any of the Collateral, except for the
security interest under this Pledge Agreement.
(b)    The Pledgor shall (i) cause the issuer of the Pledged Equity not to issue
any equity interests or other securities in addition to or in substitution for
the Pledged Equity, except to the

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Pledgor and (ii) pledge hereunder, immediately upon its acquisition (directly or
indirectly) thereof, any and all additional equity interests or other securities
of the issuer of the Pledged Equity.
Section 8.    The Bank Appointed Attorney‑in-Fact. The Pledgor hereby appoints
the Bank the Pledgor's attorney‑in‑fact, with full authority in the place and
stead of the Pledgor and in the name of the Pledgor or otherwise, from time to
time when an Event of Default exists in the Bank's discretion to take any action
and to execute any instrument which the Bank may deem necessary or advisable to
accomplish the purposes of this Pledge Agreement, including, without limitation,
to receive, indorse and collect all instruments made payable to the Pledgor
representing any dividend or other distribution in respect of the Collateral or
any part thereof and to give full discharge for the same. The powers granted to
the Bank under this Section 8 constitute a power coupled with an interest which
shall be irrevocable by the Pledgor and shall survive until all of the
Obligations have been indefeasibly paid in full in cash.
Section 9.    The Bank May Perform. If the Pledgor fails to perform any
agreement contained herein, the Bank, ten days after notice to the Pledgor
(except that no notice shall be required upon and during the continuance of an
Event of Default), may itself perform, or cause performance of, such agreement,
and the reasonable expenses of the Bank incurred in connection therewith shall
be payable by the Borrowers under Section 13.
Section 10.    The Bank's Duties. The powers conferred on the Bank hereunder are
solely to protect its interest in the Collateral and shall not impose any duty
upon it to exercise any such powers. Except for the safe custody of any
Collateral in its possession and the accounting for moneys actually received by
it hereunder, the Bank shall have no duty as to any Collateral, as to
ascertaining or taking action with respect to calls, conversions, exchanges,
tenders or other matters relative to any Collateral, whether or not the Bank has
or is deemed to have knowledge of such matters, or as to the taking of any
necessary steps to preserve rights against any parties or any other rights
pertaining to any Collateral. The Bank shall be deemed to have exercised
reasonable care in the custody and preservation of any Collateral in its
possession if such Collateral is accorded treatment substantially equal to that
which the Bank accords its own property.
Section 11.    Remedies upon Default. If any Event of Default shall have
occurred and be continuing:
(a)    The Bank may exercise in respect of the Collateral, in addition to other
rights and remedies provided for herein or otherwise available to it, all the
rights and remedies of a secured party on default under the Uniform Commercial
Code in effect in the State of New York at that time (the "UCC") (whether or not
the UCC applies to the affected Collateral), and may also, without notice except
as specified below, sell the Collateral or any part thereof in one or more
parcels at public or private sale, at any exchange, broker's board or at any of
the Bank's offices or elsewhere, for cash, on credit or for future delivery, and
upon such other terms as the Bank may deem commercially reasonable. The Bank
agrees to the extent notice of sale shall be required by law, to provide at
least 10 days' prior written notice to the Pledgor of the time and place of any
public sale or the time after which any private sale is to be made, and Pledgor
agrees that such 10 day notice shall constitute reasonable notification. The
Bank shall not be obligated to make any sale of Collateral regardless of notice
of sale having been given. The Bank may adjourn any public or private sale from
time to time by announcement at the time and place fixed therefor, and such sale
may, without further notice, be made at the time and place to which it was so
adjourned.
(b)    Any cash held by the Bank as Collateral and all cash proceeds received by
the Bank in respect of any sale of, collection from, or other realization upon
all or any part of the Collateral shall be applied in accordance with Section 8
of the Security Agreement.

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Section 12.    Securities Laws.
In view of the position of the Pledgor in relation to the Pledged Equity, or
because of other current or future circumstances, a question may arise under the
Securities Act of 1933, as now or hereafter in effect, or any similar statute
hereafter enacted analogous in purpose or effect (such Act and any such similar
statute as from time to time in effect being called the "Federal securities
laws") with respect to any disposition of the Pledged Equity permitted
hereunder. The Pledgor understands that compliance with the Federal securities
laws might very strictly limit the course of conduct of the Bank if the Bank
were to attempt to dispose of all or any part of the Pledged Equity, and might
also limit the extent to which or the manner in which any subsequent transferee
of any Pledged Equity could dispose of the same. Similarly, there may be other
legal restrictions or limitations affecting the Bank in any attempt to dispose
of all or part of the Pledged Equity under applicable Blue Sky or other state
securities laws or similar laws analogous in purpose or effect. The Pledgor
recognizes that in light of such restrictions and limitations the Bank may, with
respect to any sale of the Pledged Equity, limit the purchasers to those who
will agree, among other things, to acquire such Pledged Equity for their own
account, for investment, and not with a view to the distribution or resale
thereof. The Pledgor acknowledges and agrees that in light of such restrictions
and limitations, the Bank, in its sole and absolute discretion, (a) may proceed
to make such a sale whether or not a registration statement for the purpose of
registering such Pledged Equity, or any part thereof, shall have been filed
under the Federal securities laws and (b) may approach and negotiate with a
single potential purchaser to effect such sale. The Pledgor acknowledges and
agrees that any such sale might result in prices and other terms less favorable
to the seller than if such sale were a public sale without such restrictions. In
the event of any such sale, the Bank shall incur no responsibility or liability
for selling all or any part of the Pledged Equity at a price that the Bank, in
its sole and absolute discretion, may in good faith deem reasonable under the
circumstances, notwithstanding the possibility that a substantially higher price
might have been realized if the sale were deferred until after registration as
aforesaid or if more than a single purchaser were approached. The provisions of
this Section 12 will apply notwithstanding the existence of a public or private
market upon which the quotations or sales prices may exceed substantially the
price at which the Bank sells.
Section 13.    Expenses. The Borrowers will upon demand pay to the Bank the
amount of any and all reasonable expenses, including the reasonable fees and
expenses of its counsel and of any experts and agents, which the Bank may incur
in connection with (a) the administration of this Pledge Agreement, (b) the
custody or preservation of, or the sale of, collection from, or other
realization upon, any of the Collateral, (c) the exercise or enforcement of any
of the rights of the Bank hereunder or (d) the failure by the Pledgor to perform
or observe any of the provisions hereof.
Section 14.    Security Interest Absolute. The obligations of the Pledgor under
this Pledge Agreement are independent of the Obligations, and a separate action
or actions may be brought and prosecuted against the Pledgor to enforce this
Pledge Agreement, irrespective of whether any action is brought against the
Borrowers under either of the Term Loan Agreements or against any guarantor of
the Obligations or whether the Borrowers or any guarantor of the Obligations is
joined in any such action or actions. All rights of the Bank and security
interests hereunder, and all obligations of the Pledgor hereunder, shall be
absolute and unconditional irrespective of:
(a)    any lack of validity or enforceability of either of the Term Loan
Agreements, any of the other Term Loan Documents or any other agreement or
instrument relating thereto;
(b)    any change in the time, manner or place of payment of, or in any other
term of, all or any of the Obligations, or any other amendment or waiver of or
any consent to any departure from either of the Term Loan Agreements or any of
the other Loan Documents, including, without limitation, any

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increase in the Obligations resulting from the extension of additional credit to
the Borrowers or any of its Subsidiaries or otherwise;
(c)    any taking, exchange, release or non‑perfection of any other Collateral,
or any taking, release or amendment or waiver of or consent to departure from
any guarantee, for all or any of the Obligations;
(d)    any manner of application of Collateral, or proceeds thereof, to all or
any of the Obligations, or any manner of sale or other disposition of any
Collateral for all or any of the Obligations or any other assets of the
Borrowers or any of its Subsidiaries;
(e)    any change, restructuring or termination of the corporate structure or
existence of the Borrowers or any of its Subsidiaries; or
(f)    any other circumstance which might otherwise constitute a defense
available to, or a discharge of, the Borrowers or a third‑party pledgor.
Section 15.    Amendments, Etc. No amendment or waiver of any provision of this
Pledge Agreement, and no consent to any departure by the Pledgor herefrom, shall
in any event be effective unless the same shall be in writing and signed by the
Bank, and then such waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given.
Section 16.    Addresses for Notices. All notices and other communications
provided for hereunder shall be in writing and given as provided in Section 8.1
of the Term Loan Agreement.
Section 17.    Continuing Security Interest Assignments under Term Loan
Agreements. This Pledge Agreement shall create a continuing security interest in
the Collateral and shall (a) remain in full force and effect until the later of
(i) the payment in full of the Obligations and all other amounts payable under
this Pledge Agreement and (ii) the expiration or termination of the Commitment,
(b) be binding upon the Pledgor, its successors and assigns, and (c) inure to
the benefit of, and be enforceable by, the Bank and its successors, transferees
and assigns. Upon the later of the payment in full of the Obligations and all
other amounts payable under this Pledge Agreement and the expiration or
termination of the Commitment, the security interest granted hereby shall
terminate and all rights to the Collateral shall revert to the Pledgor. Upon any
such termination, the Bank will, at the Borrowers' expense, return to the
Pledgor such of the Collateral as shall not have been sold or otherwise applied
pursuant to the terms hereof and execute and deliver to the Pledgor such
documents as the Pledgor shall reasonably request to evidence such termination.
Section 18.    Governing Law. THIS PLEDGE AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
Section 19.    Survival of Agreement; Severability.
(a)    All covenants, agreements, representations and warranties made by the
Pledgor and the Borrowers herein and in the certificates or other instruments
prepared or delivered in connection with or pursuant to this Pledge Agreement or
any other Term Loan Document shall be considered to have been relied upon by the
Bank and shall survive the execution and delivery of any Term Loan Document and
the making of the Loans and the Existing Loan, regardless of any investigation
made by the Credit Parties or on their behalf, and shall continue in full force
and effect until this Pledge Agreement shall terminate.

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(b)    In the event any one or more of the provisions contained in this Pledge
Agreement or in any other Term Loan Document should be held invalid, illegal or
unenforceable in any respect, the validity, legality and enforceability of the
remaining provisions contained herein and therein shall not in any way be
affected or impaired thereby (it being understood that the invalidity of a
particular provision in a particular jurisdiction shall not in and of itself
affect the validity of such provision in any other jurisdiction). The parties
shall endeavor in good-faith negotiations to replace the invalid, illegal or
unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the invalid, illegal or unenforceable
provisions.
Section 20.    Counterparts. This Pledge Agreement may be executed in two or
more counterparts, each of which shall constitute an original, but all of which,
when taken together, shall constitute but one contract. Delivery of an executed
counterpart of this Pledge Agreement by facsimile transmission or electronic
mail shall be as effective as delivery of a manually executed counterpart of
this Pledge Agreement.
Section 21.    Principles of Construction. The principles of construction
specified in Section 1.2 of the Term Loan Agreement shall be applicable to this
Pledge Agreement.
Section 22.    Jurisdiction; Consent to Service of Process.
(a)    Each party hereto hereby irrevocably and unconditionally submits, for
itself and its property, to the nonexclusive jurisdiction of any New York State
court or federal court of the United States of America sitting in New York City,
and any appellate court from any thereof, in any action or proceeding arising
out of or relating to this Pledge Agreement or the other Term Loan Documents, or
for recognition or enforcement of any judgment, and each of the parties hereto
hereby irrevocably and unconditionally agrees that, to the extent permitted by
applicable law, all claims in respect of any such action or proceeding may be
heard and determined in such New York State or, to the extent permitted by
applicable law, in such federal court. Each of the parties hereto agrees that a
final judgment in any such action or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner
provided by law. Nothing in this Pledge Agreement shall affect any right that
any party hereto may otherwise have to bring any action or proceeding relating
to this Pledge Agreement or the other Loan Documents in the courts of any
jurisdiction.
(b)    Each party hereto hereby irrevocably and unconditionally waives, to the
fullest extent it may legally and effectively do so, any objection that it may
now or hereafter have to the laying of venue of any suit, action or proceeding
arising out of or relating to this Pledge Agreement or the other Loan Documents
in any court referred to in Section 22(a). Each of the parties hereto hereby
irrevocably waives, to the fullest extent permitted by law, the defense of an
inconvenient forum to the maintenance of such action or proceeding in any such
court.
(c)    Each party to this Pledge Agreement irrevocably consents to service of
process in the manner provided for notices in Section 16. Nothing in this Pledge
Agreement will affect the right of any party to this Pledge Agreement to serve
process in any other manner permitted by law.
Section 23.    WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY
JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER
OR IN CONNECTION WITH THIS PLEDGE AGREEMENT. EACH PARTY HERETO (A) CERTIFIES
THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE

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EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES
THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS PLEDGE
AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION 23.
Section 24.    Certain Terms. Unless otherwise defined herein or in the Term
Loan Agreement, terms defined in Article 9 of the UCC are used herein as therein
defined.
Section 25.    Headings. Section headings used herein are for convenience of
reference only, are not part of this Pledge Agreement and are not to affect the
construction of, or be taken into consideration in interpreting, this Pledge
Agreement.
Section 26.    Amendment and Restatement. This Pledge Agreement shall constitute
an amendment and restatement of all of the terms and conditions of the Existing
Pledge Agreement. The parties hereto acknowledge and agree that (a) this Pledge
Agreement does not constitute a novation or termination of the Pledgor's
obligations under the Existing Pledge Agreement and related documents, (b) such
obligations are in all respects continuing (as amended and restated hereby) with
only the terms thereof being modified as provided in this Pledge Agreement and
(c) the liens and security interests as granted under the Existing Pledge
Agreement are in all respects continuing and in full force and effect and secure
the payment of the Obligations.
[Signature pages follow.]

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IN WITNESS WHEREOF, the Pledgor has executed and delivered this Pledge Agreement
as of the date first above written.
THE ONE GROUP, LLC
By: /s/Samuel Goldfinger        
Name:    Samuel Goldfinger
Title:    Chief Financial Officer
ACCEPTED AND AGREED TO:
BANKUNITED, N.A.
By:    /s/Thomas F. Pergola    
Name:    Thomas F. Pergola
Title:    Senior Vice President
ONE 29 PARK MANAGEMENT, LLC
By:    /s/Samuel Goldfinger    
Name:    Samuel Goldfinger
Title:    Chief Financial Officer
STK-LAS VEGAS, LLC
By:    /s/Samuel Goldfinger    
Name:    Samuel Goldfinger
Title:    Chief Financial Officer
STK ATLANTA, LLC
By:    /s/Samuel Goldfinger    
Name:    Samuel Goldfinger
Title:    Chief Financial Officer
STK CHICAGO LLC
By:    /s/Samuel Goldfinger    
Name:    Samuel Goldfinger
Title:    Chief Financial Officer

Signature Page to The One Group Second Amended and Restated Pledge Agreement –
Subsidiary Borrowers

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STK DENVER, LLC
By:    /s/Samuel Goldfinger    
Name:    Samuel Goldfinger
Title:    Chief Financial Officer
STK-LA, LLC
By:    /s/Samuel Goldfinger    
Name:    Samuel Goldfinger
Title:    Chief Financial Officer
STK MIAMI, LLC
By:    /s/Samuel Goldfinger    
Name:    Samuel Goldfinger
Title:    Chief Financial Officer
STK MIAMI SERVICE, LLC
By:    /s/Samuel Goldfinger    
Name:    Samuel Goldfinger
Title:    Chief Financial Officer
STK MIDTOWN HOLDINGS, LLC
By:    /s/Samuel Goldfinger    
Name:    Samuel Goldfinger
Title:    Chief Financial Officer
STK MIDTOWN, LLC
By:    /s/Samuel Goldfinger    
Name:    Samuel Goldfinger
Title:    Chief Financial Officer
STK ORLANDO LLC
By:    /s/Samuel Goldfinger    
Name:    Samuel Goldfinger
Title:    Chief Financial Officer

Signature Page to The One Group Second Amended and Restated Pledge Agreement –
Subsidiary Borrowers

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TOG BISCAYNE, LLC
By:    /s/Samuel Goldfinger    
Name:    Samuel Goldfinger
Title:    Chief Financial Officer
WSATOG (MIAMI) LLC
By:    /s/Samuel Goldfinger    
Name:    Samuel Goldfinger
Title:    Chief Financial Officer
STK WESTWOOD, LLC
By:    /s/Samuel Goldfinger    
Name:    Samuel Goldfinger
Title:    Chief Financial Officer

Signature Page to The One Group Second Amended and Restated Pledge Agreement –
Subsidiary Borrowers

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SCHEDULE I
Issuer
Type of Entity
Type of Equity Interest
Certificate Number
Number of Shares
Percentage of
Issued and
Outstanding
Shares
One 29 Park Management, LLC
New York
Limited Liability Company
Limited liability company membership interest
N/A
N/A
100%
STK-Las Vegas, LLC
Nevada
Limited Liability Company
Limited liability company membership interest
N/A
N/A
100%
STK Atlanta, LLC
Georgia
Limited Liability Company
Limited liability company membership interest
N/A
N/A
100%
STK Chicago LLC
Illinois
Limited Liability Company
Limited liability company membership interest
N/A
N/A
100%
STK Denver, LLC
Colorado
Limited Liability Company
Limited liability company membership interest
N/A
N/A
100%
STK-LA, LLC
New York
Limited Liability Company
Limited liability company membership interest
N/A
N/A
100%
STK Miami, LLC
Florida
Limited Liability Company
Limited liability company membership interest
N/A
N/A
100%
STK Miami Service, LLC
Florida
Limited Liability Company
Limited liability company membership interest
N/A
N/A
100%
STK Midtown Holdings, LLC
New York
Limited Liability Company
Limited liability company membership interest
N/A
N/A
100%
STK Midtown, LLC
New York
Limited Liability Company
Limited liability company membership interest
N/A
N/A
100%

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Issuer
Type of Entity
Type of Equity Interest
Certificate Number
Number of Shares
Percentage of
Issued and
Outstanding
Shares
STK Orlando LLC
Florida
Limited Liability Company
Limited liability company membership interest
N/A
N/A
100%
TOG Biscayne, LLC
Florida
Limited Liability Company
Limited liability company membership interest
N/A
N/A
100%
WSATOG (Miami) LLC
Delaware
Limited Liability Company
Limited liability company membership interest
N/A
N/A
100%
STK Westwood, LLC
California
Limited Liability Company
Limited liability company membership interest
N/A
N/A
100%

2