First Security Bank

March 24, 1999

On Stage Entertainment
4625 W. Nevso Dr., # 10
Las Vegas, NV  89103

Attn:  David Hope, President

Mr. Hope,

Based on the statements and representations in your Financial Statements and the
supplementary exhibits presented,  First Security Bank of Nevada (herein "FSBN")
has approved the  following  options in to convert your line of credit to a term
note. The loan is subject to the terms and conditions set forth as follows:

1.  BORROWER:   On Stage Entertainment Inc., fka Legends in Concert, Inc.

2.  GUARANTOR:  John W. Stuart

3.  SECURITY:   

UCC-1  Financing  Statements/Security  Agreement on all fixtures,  furniture and
equipment in Georgia, North Carolina,  New Jersey, South Carolina,  Missouri and
Nevada. This is cross-collateralization with First Security Leasing obligations.

4. PRINCIPAL AMOUNT: An amount not to exceed 899,679.16.

5.  INTEREST RATE:

Option One

The rate on the loan principal  shall be at a variable rate of interest equal to
Three Percent (3%) above the FSBN Prime Rate. First Security Bank's "prime rate"
is its announced  rate of interest  used as a reference  point from which it may
calculate the cost of credit to customers.  It is subject to change from time to
time. FSBN may make loans bearing interest above, at, or below its prime rate.

TERM:   Seven (7) Months

Option Two

The rate on the loan principal  shall be at a variable rate of interest equal to
Four Percent (4%) above the FSBN Prime Rate.  First Security Bank's "prime rate"
is its announced  rate of interest  used as a reference  point from which it may
calculate the cost of credit to customers.  It is subject to change from time to
time. FSBN may make loans bearing interest above, at, or below its prime rate.

                                       1
<PAGE>

TERM:    Nine (9) Months

6. DEFAULT INTEREST RATE During the period of any default under the terms of the
note  securing  the  indebtedness,  interest  on the  entire  indebtedness  then
outstanding shall be charged, without notice to any borrower, at the rate of two
percent  (2%)  per  annum  higher  than  the  contract  rate  stipulated   above
(hereinafter referred to as the "Default Rate").

7. LATE CHARGE: In the event any payment required  hereunder is received by FSBN
fifteen  (15) days after its due date,  the late charge of Five  percent (5%) of
each overdue  required  payment (whether at the note rate or default rate) shall
be charged for the purpose of defraying  the expenses  incident to handling said
delinquent payment(s).

8.  RESTRICTION  ON USE OF FUNDS  Conversion  of Line of  Credit  to a Term Note
(Options noted above)

9. LOAN CHARGE One percent (1%) of the principal  amount prorated to the term of
the note selected from the options. The fee is due and payable with the executed
loan documents and is non-refundable

10.  MONTHLY  PAYMENTS:  Monthly  payments of principal plus interest based on a
seven or nine month amortization, from the options noted above.

11. PREPAYMENT PENALTY: None.

12.  DOCUMENTATION:  The loan shall be evidenced by a Promissory  Note to a form
satisfactory  to FSBN  signed by each of the persons to whom the  commitment  is
addressed and other persons designated in the commitment letter. This Promissory
Note shall be secured by an appropriate  Security  Instrument  selected by FSBN,
and  executed  by all  persons  deemed  by  FSBN  to  have  an  interest  in the
collateral.

                                       2
<PAGE>

All of the  foregoing  documents,  and all other  instruments  which  FSBN shall
require to consummate the loan,  shall be in a form prepared by or  satisfactory
to FSBN.

14. BOOKS AND RECORDS, FINANCIAL STATEMENTS:

(A) In making this loan commitment,  FSBN is relying on the financial  condition
of the borrower and any and all guarantors as  represented  in the  application,
and any supporting documents. If the security is income producing,  FSBN is also
relying on the security to generate records and accounts and to make such copies
of the extracts thereof as FSBN shall desire.

(B)  BORROWER'S  FINANCIAL  STATEMENTS:  During  the term of the loan,  borrower
and/or  co-borrower must furnish or cause to be furnished to FSBN, within ninety
(90) days of the close of their  respective  fiscal  years,  the current  signed
financial  statements  (annual  balance sheet and profit and loss  statement) of
each  person  or  entity  (borrower/co-borrower),  as having  been  prepared  in
accordance with generally accepted accounting principles consistently applied.

15. MISCELLANEOUS.

(A) Time  shall be of the  essence in this  commitment.  No waiver of any of the
terms and provisions of this commitment, and no waiver of any default or failure
to comply with the commitment shall be effective unless made by FSBN in writing.
All notices shall be in writing.

(B) So long as this commitment remains in force and effect,  FSBN shall have the
right to  demand  complete  financial  statements  of any or all  persons  to be
obligated to FSBN under this commitment.

(C) This commitment is conditioned upon  continuation of the assets,  liquidity,
net  worth  and  credit  standing  of all  persons  to be  obligated  to FSBN at
substantially  as  favorable a level as  disclosed  initially  by the  financial
statements and other credit information submitted to FSBN.

                                       3
<PAGE>

(D) If some of the  borrowers,  guarantors,  or other persons  obligated to FSBN
under this commitment are a corporation,  partnership, estate, joint venture, or
other  legal  entity,  then  prior  to  closing  FSBN  shall  be  provided  with
appropriate  resolutions or  satisfactory  evidences of authority,  including an
opinion of counsel  documenting  the right of the  individuals  acting for or on
behalf of the entity to so act and bind the entity.  Moreover, FSBN must receive
satisfactory written evidence that any such entity is legally constituted and is
permitted  to transact  business in the  jurisdiction  in which the  security is
situated.

(E) Reference herein matters being to the satisfaction of FSBN shall include the
satisfaction of any legal course) engaged by FSBN.

(F) This commitment in which the provisions  hereof are incorporated  supersedes
any and all other  commitments,  agreements,  provisions,  offers and statements
whether written or oral,  made by FSBN or anyone acting with its  authorization.
No change,  amendment  or  modification  hereof  shall be valid  unless  made in
writing and signed by a duly authorized officer of FSBN.

(G) Borrower  authorizes FSBN to use borrower's name and provide any information
regarding  borrower in all reports required by any governmental  body regulating
FSBN.

(H) Borrower  represents  that there is no litigation,  legal or  administrative
proceeding,  investigation  or other  action  of any  nature  pending  or to the
knowledge of borrower,  threatened  against or affecting the borrower  which has
not been  disclosed  to FSBN and  which  may  involved  the  possibility  of any
judgment or liability not fully  covered by  insurance;  materially or adversely
affect any of the assets of the  borrower or their right to carry on business as
now conducted;  or affect the continued  employment of any officer,  director or
employee of borrower.

(I)  Borrower  and each  guarantor  hereby  separately  warrant to FSBN that all
representations,  circumstances,  accounts,  reports  and all other  information
supplied  to FSBN in  connection  with  this  loan are true and  accurate  in al
material respects. Borrower and each guarantor agree that each separate warranty
shall  survive the  closing of the loan and further  agree to notify FSBN of any
material change in any of the information submitted to FSBN.

                                       4
<PAGE>

16. CANCELLATION AND TERMINATION OF COMMITMENT BY FSBN.

FSBN  reserves  the  right  to  cancel  this  commitment  and to  terminate  its
obligations thereunder at any time in any of the following circumstances:

(A) Failure of the borrower to comply with any of the  provisions  or conditions
of the commitment; or

(B) Nonpayment  within the prescribed time of any fees or expenses called for in
the commitment; or

(C)  Insufficiency  of title or failure  of FSBN to approve  either the state of
title to the security or any loan documents to it; or

(D) Damage to the  improvements  which has not been  repaired or restored to the
satisfaction  of  FSBN  or for  which  satisfactory  provisions  for  repair  or
restoration  have not been made at the time FSBN is called upon to act  pursuant
to this commitment; or

(E) The filing by or against any borrowers, owners, or other persons required to
execute any of the loan  documents  of any petition in  bankruptcy,  receiver or
trustee or any  assignment or  arrangement  for the benefit of creditors,  which
petition,  appointment,  assignment or arrangement is not withdrawn,  dismissed,
cancelled, or terminated prior to the expiration of this commitment; or

(F) Any change  subsequent to the date of this commitment  reasonably  deemed by
FSBN to be a material or substantial  adverse  change in the assets,  liquidity,
net worth or credit  standing of any  borrower or other  person who shall become
obligated to FSBN under this commitment; or

(G) The taking of a judgment  against any borrower or guarantor  which  involves
liability not covered by insurance.

17. ACCEPTANCE.  An executed copy of the commitment shall be received by FSBN on
or before March 25, 1999.  In the event an accepted copy of the  commitment  has
not been received by FSBN on or before April 10, 1999, the  commitment  shall be
deemed to have  lapsed  and FSBN shall  have no  further  obligation  under this
commitment. If this commitment is accepted as specified, all funds and documents


                                       5
<PAGE>

necessary to consummate the loan must be filed of record no later than April 10,
1999,  unless an  extension  is agreed to in writing by First  Security  Bank of
Nevada.

In the event this commitment expires, or the loan is not closed,  borrower shall
pay all costs, expenses and fees required by FSBN.

18.  APPLICABILITY  OF TERMS AND  CONDITIONS.  All terms and  conditions of this
commitment  letter shall remain in full force and effect through the term of the
loan contemplated by this commitment.

19.  APPLICABLE  GOVERNING LAW. The laws of the State of Nevada shall govern the
terms and conditions of this agreement and the loan contemplated hereby.

Very truly yours,
First Security Bank of Nevada

/S/ Carla C. Urwin
-------------------------------------
Carla C. Urwin

VP/Manager
Green Valley Business Financial Center



-------------------------------------------
Commitment Letter dated March 24, 1999


TO: First Security Bank of Nevada           DATE:  March 29, 1999

The undersigned  hereby accept the foregoing  offer. We acknowledge that we have
read and  understand the  foregoing,  and that a loan pursuant  thereto shall be
subject to the conditions described above.

We do hereby warrant that all facts and circumstances pertaining to the loan are
as represented by us.

BORROWER

/S/ John W. Stuart
--------------------------------------
John W. Stuart

                                       6
<PAGE>