Document:

<PAGE>   1

                                                                   EXHIBIT 10.46

                      SECOND AMENDMENT TO CREDIT AGREEMENT

         THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is made
and entered into effective as of the 15th day of December, 1999 (the "Effective
Date"). Reference is made to the Credit Agreement, dated as of July 31, 1998 (as
amended, supplemented or otherwise modified and in effect on the date hereof,
the "Credit Agreement") by and among ACE CASH EXPRESS, INC., a Texas corporation
(the "Borrower"), the lenders party hereto (collectively, together with all
successors and assigns, the "Lenders") and WELLS FARGO BANK (TEXAS), NATIONAL
ASSOCIATION, a national banking association, as Agent (the "Agent").

                             PRELIMINARY STATEMENTS

         A. The Borrower has requested that the Lenders extend the Revolving
Credit Termination Date and the Scheduled Advance Term Loan Termination Date to
December 13, 2000.

         B. The Borrower has also requested that the Revolving Credit Commitment
be increased from One Hundred Ten Million Dollars ($110,000,000) to One Hundred
Thirty Million Dollars ($130,000,000) and that the Swingline Loan facility be
increased from Twenty Million Dollars ($20,000,000) to Twenty-Five Million
Dollars ($25,000,000).

         C. The parties hereto also desire to (i) add National City Bank (herein
so called) as a Lender and (ii) remove Guaranty Federal Bank, F.S.B. ("Guaranty
Federal") as a Lender, in each case, for all purposes of the Credit Agreement.

         D. It is the intention of the parties hereto that the Loans outstanding
prior to the Effective Date to or for the account of the Borrower shall continue
and remain outstanding and not be repaid on the Effective Date, but shall be
assigned and reallocated among the Lenders as provided in Section 3.02 hereof,
and, accordingly, the Loans and Commitments hereunder are not in novation or
discharge of the outstanding Loans.

         E. The Borrower and Lenders further desire to amend the Credit
Agreement as hereinafter set forth.

         NOW, THEREFORE, in consideration of the premises herein contained and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties, intending to be legally bound, agree as
follows:

                                    AGREEMENT

ARTICLE I. DEFINITIONS

         SECTION 1.01 Certain Defined Terms. Capitalized terms used in this
Amendment are used as defined in the Credit Agreement, as amended hereby, unless
otherwise stated.

ARTICLE II. AMENDMENTS

         SECTION 2.01 Amendment to Section 1.01 - Certain Defined Terms.
Effective as of the Effective Date, Section 1.01 of the Credit Agreement is
hereby amended by amending and restating the following definitions:

         "`Final Maturity Date' shall mean December 15, 2004."

         "`Revolving Credit Termination Date' shall mean the earlier to occur of
         (a) December 13, 2000 and (b) such date as the Revolving Credit Loans
         shall otherwise be payable in full and the Revolving Credit Commitment
         shall terminate, expire or be canceled in accordance with the terms of
         this Agreement."

         "`Scheduled Advance Term Loan Termination Date' shall mean December 13,
         2000."

         SECTION 2.02 Amendment to Section 2.17 - Swingline Loans. Effective as
of the Effective Date, Section 2.17 of the Credit Agreement is hereby amended so
that the reference in such section to "Twenty Million Dollars ($20,000,000)"
shall read "Twenty-Five Million Dollars ($25,000,000)".

<PAGE>   2

         SECTION 2.03 Amendment to Section 3.06 - Litigation; Compliance With
Laws; Etc. Effective as of the Effective Date, subsection (a) of Section 3.06 of
the Credit Agreement is hereby amended so that the phrase "Except as set forth
on Schedule 3.06 hereto," is added to the beginning of such subsection.

         SECTION 2.04 Amendment to Section 5.05 - Financial Statements, Reports,
Etc. Effective as of the Effective Date, subsection (f) of Section 5.05 of the
Credit Agreement is hereby amended so that the reference in such section to "no
later than the beginning of each Fiscal Year" shall read "within ninety (90)
days after the beginning of each Fiscal Year".

         SECTION 2.05 Amendment to Section 6.06 - Loans and Advances. Effective
as of the Effective Date, the "." at the end of subsection (d) of Section 6.06
of the Credit Agreement is hereby replaced with "; or", and a new subsection (e)
is added to Section 6.06 of the Credit Agreement which shall read as follows:

         "(e) Loans and advances as contemplated by the Master Loan Agency
         Agreement dated August 11, 1999 between Borrower and Goleta National
         Bank, as in effect as of such date."

         SECTION 2.06 Amendment to Section 6.18 - Limitation on Investments.
Effective as of the Effective Date, the "." at the end of subsection (e) of
Section 6.18 of the Credit Agreement is hereby replaced with "; and", and a new
subsection (f) is added to Section 6.18 of the Credit Agreement which shall read
as follows:

         "(f) Purchase of participations in consumer loans originated by Goleta
         National Bank in accordance with the terms and conditions of the Master
         Loan Agency Agreement dated August 11, 1999 between Borrower and Goleta
         National Bank, as in effect as of such date."

         SECTION 2.07 Schedule 2.01(a) - Advance Term Loan Commitments.
Effective as of the Effective Date, all references in the Credit Agreement to
Schedule 2.01(a), which is entitled "Advance Term Loan Commitments", shall be
deemed references to the Schedule 2.01(a) which is attached hereto as Annex A.

         SECTION 2.08 Schedule 2.01(b) - Revolving Credit Commitments. Effective
as of the Effective Date, all references in the Credit Agreement to Schedule
2.01(b), which is entitled "Revolving Credit Commitments", shall be deemed
references to the Schedule 2.01(b) which is attached hereto as Annex B.

         SECTION 2.09 Schedule 3.06 - Litigation. Effective as of the Effective
Date, all references in the Credit Agreement to Schedule 3.06, which is entitled
"Litigation", shall be deemed references to the Schedule 3.06 which is attached
hereto as Annex C .

ARTICLE III. ADDITION AND REMOVAL OF LENDERS; REALLOCATION OF COMMITMENTS

         SECTION 3.01 Addition and Removal of Lenders. From and after the
Effective Date, (a) National City Bank shall be a party to the Credit Agreement
and have the rights and obligations of a Lender thereunder and under the other
Credit Documents, and shall be bound by the provisions thereof, and (b) Guaranty
Federal shall relinquish its rights and be released from its obligations under
the Credit Agreement, and shall cease to be a party to the Credit Documents, but
shall nevertheless continue to be entitled to the benefits of Sections 2.10,
2.11, 2.12, 2.15 and 9.04 of the Credit Agreement.

         SECTION 3.02 Reallocation of Loans and Commitments. On the Effective
Date, National City Bank (and each other Lender, if any, whose relative
proportion of its Commitment hereunder is increasing over the proportion of the
Commitment held by it prior to the Effective Date) shall, by assignments from
the Lenders which were parties to the Credit Agreement prior to the Effective
Date (the "Existing Lenders") (which assignments shall be deemed to occur
hereunder automatically, and without any requirement for additional
documentation, on the Effective Date) acquire a portion of the Loans and
Commitments of the Existing Lenders so designated in such amounts, and the
Lenders shall, through the Agent, make such other adjustments among themselves
as shall be necessary so that after giving effect to assignments and
adjustments, the Lenders shall hold all Loans outstanding under the Credit
Agreement ratably in accordance with their respective Commitments as reflected
on Schedule 2.01(a) and Schedule 2.01(b), attached hereto as Annex A and Annex
B, respectively. On the Effective Date, all Interest Periods under the Credit
Agreement in respect of any Eurodollar Loans under the Credit Agreement shall
automatically be terminated (and the Borrower shall on the Effective Date make
payments to the Existing Lenders that held such Eurodollar Loans under Section
2.09 and Section 2.12 of the Credit Agreement to compensate for such termination
as if such termination were a payment or prepayment referred to in said Sections
2.09 and 2.12), and subject

<PAGE>   3

to the other restrictions contained herein, the Borrower shall be permitted to
continue such Eurodollar Loans or to convert such Eurodollar Loans into
Alternate Base Loans hereunder.

         SECTION 3.03 Adjustments Generally. On the day that is three (3)
Business Days prior to the Effective Date, the Agent shall notify each Lender of
the amount of Loans required to be made by such Lender (if any) to the Borrower
on the Effective Date, and of any other assignments or adjustments that the
Agent deems necessary and advisable such that after giving effect to the
transactions contemplated to occur on the Effective Date, each Lender's
Commitment shall be in accordance with the Commitments set forth opposite its
name on Schedule 2.01(a) and Schedule 2.01(b), attached hereto as Annex A and
Annex B, respectively. Each Lender's Loans to the Borrower shall not exceed its
pro rata portion of all Loans then outstanding to the Borrower, and the unused
Commitments of all Lenders plus all outstanding Loans under the Credit
Agreement, as amended hereby, shall not exceed the Total Commitment. Any such
assignments shall be deemed to occur hereunder automatically on the Effective
Date and without any requirement for additional documentation, and in the case
of any such assignment, the assigning party shall be deemed to represent and
warrant to each assignee that it has not created any adverse claim upon the
interest being assigned and that such interest is free and clear of any adverse
claim. Each Lender hereby agrees to give effect to the instructions of the Agent
to such Lender contained in the notice described above.

ARTICLE IV. CONDITIONS PRECEDENT

         SECTION 4.01 Conditions to Effectiveness. The effectiveness of this
Amendment is subject to the satisfaction of the following conditions precedent:

                  (a) The Lenders shall have received (i) this Amendment, duly
         executed by the Borrower and all Lenders, (ii) new Advance Term Notes,
         dated as of the Effective Date but otherwise substantially in the form
         of Exhibit A to the Credit Agreement, executed by the Borrower in favor
         of each Lender reflecting the Advance Term Loan Commitments as amended
         herein (the "New Advance Term Notes"), (iii) new Revolving Credit
         Notes, dated as of the Effective Date but otherwise substantially in
         the form of Exhibit B to the Credit Agreement, executed by the Borrower
         in favor of each Lender reflecting the Revolving Credit Commitments as
         amended herein (the "New Revolving Credit Notes"), (iv) a certificate
         of the Secretary of the Borrower acknowledging (A) that the Borrower's
         Board of Directors has adopted, approved, consented to and ratified
         resolutions which authorize the execution, delivery and performance by
         such Borrower of this Amendment, the New Advance Term Notes, the New
         Revolving Credit Notes and all other Credit Documents to which the
         Borrower is or is to be a party as a result of this Amendment, and (B)
         the names of the officers of the Borrower authorized to sign this
         Amendment, the New Advance Term Notes, the New Revolving Credit Notes,
         and each of the other Credit Documents to which the Borrower is or is
         to be a party as a result of this Amendment (including the certificates
         contemplated herein) together with specimen signatures of such
         officers, and (v) such additional documents, instruments and
         information as the Lenders may reasonably request;

                  (b) Each of the Lenders listed below shall have received, in
         consideration of this Amendment, an amendment fee (the "Amendment Fee")
         equal to the amount corresponding to such Lender's name below:

<TABLE>
<CAPTION>
         Lender                                                    Amendment Fee
         ------                                                    -------------
<S>                                                                   <C>
         Wells Fargo Bank (Texas), National Association               $24,000.00

         Chase Bank of Texas, National Association                    $17,318.18

         Paribas                                                      $11,193.18

         First Union National Bank                                    $29,193.18

         Bank of America, N.A.                                        $29,193.18

         National City Bank                                           $12,500.00
</TABLE>

                  (c) Confirmations of the existing Guaranty Agreements from
         each Guarantor;

<PAGE>   4

                  (d) A legal opinion from counsel to the Borrower covering such
         matters as the Agent may reasonably request;

                  (e) The representations and warranties contained herein and in
         the Credit Agreement and the Credit Documents, as each is amended
         hereby, shall be true and correct in all material respects as of the
         date hereof, as if made on the date hereof (except insofar as such
         representations and warranties relate expressly to an earlier date or a
         date modified hereby);

                  (f) After giving effect to this Amendment, no Default or Event
         of Default shall have occurred and be continuing; and

                  (g) All corporate proceedings taken in connection with the
         transactions contemplated by this Amendment and all documents,
         instruments and other legal matters incident thereto shall be
         satisfactory to the Lenders and their legal counsel.

ARTICLE V. LIMITED CONSENT

         SECTION 5.01. Limited Consent. By execution of this Amendment, the
Lenders hereby consent to the Borrower's entering into the Master Loan Agency
Agreement dated August 11, 1999 between the Borrower and Goleta National Bank,
as in effect on the date hereof (the "Goleta Agreement"), and hereby waive any
Default or Event of Default arising under Sections 6.06 or 6.18 and/or Article
VII(d) of the Credit Agreement solely as a result of Borrower's entering into
the Goleta Agreement and consummating the transactions contemplated thereby.
Except as specifically provided in the preceding sentence, nothing contained in
this Amendment shall be construed as a waiver by the Agent or the Lenders of any
covenant or provision of the Credit Agreement, the other Credit Documents, this
Amendment, or of any other contract or instrument between the Borrower, the
Agent and/or the Lenders, and the failure of the Agent or the Lenders at any
time or times hereafter to require strict performance by the Borrower of any
provision thereof shall not waive, affect or diminish any right of the Agent or
the Lenders to thereafter demand strict compliance therewith. The Agent and the
Lenders hereby reserve all rights granted under the Credit Agreement, the other
Credit Documents, this Amendment and any other contract or instrument between
the Borrower, the Agent and/or the Lenders.

ARTICLE VI. REPRESENTATIONS AND WARRANTIES

         SECTION 6.01 Representations and Warranties. The Borrower hereby
represents and warrants to the Agent and the Lenders that (a) the
representations and warranties contained in the Credit Agreement, as amended
hereby, and in any other Credit Documents are true and correct in all material
respects on and as of the date hereof as though made on and as of the date
hereof (except insofar as such representations and warranties relate expressly
to an earlier date or a date modified hereby); (b) no Default of Event of
Default under the Credit Agreement, as amended hereby, has occurred and is
continuing; and (c) Borrower is in compliance in all material respects with all
covenants and agreements contained in the Credit Agreement and in the other
Credit Documents, as amended hereby.

ARTICLE VII. MISCELLANEOUS PROVISIONS

         SECTION 7.01 Return of Previous Notes. Within five (5) Business Days
after the date on which any Lender has received its respective New Advance Term
Note and New Revolving Credit Note, such Lender shall return to the Agent the
Advance Term Note and the Revolving Credit Note executed by the Borrower in
favor of such Lender dated December 16, 1998 (individually, a "Previous Note" or
collectively, the "Previous Notes") (to the extent that such Previous Notes were
executed in favor of such Lender); provided, however, that Guaranty Federal
shall return the Previous Notes executed in its favor to the Agent within five
(5) Business Days after the Effective Date. Within five (5) Business Days after
the Agent receives any Previous Note, the Agent shall return such Previous Note
or Previous Notes to the Borrower for cancellation.

         SECTION 7.02 Ratification of Credit Agreement and Other Credit
Documents. Except as expressly provided herein, (i) the Credit Agreement and all
other Credit Documents shall remain unmodified and in full force and effect as
supplemented and amended hereby, and (ii) the Borrower hereby affirms all the
provisions of the Credit Agreement, as amended hereby, and the other Credit
Documents, as amended hereby.

<PAGE>   5

         SECTION 7.03 Confirmation of the Security Documents. The Borrower
hereby acknowledges and confirms that the Collateral (as defined in the Security
Documents) continues to secure the Liabilities (as defined in the Security
Documents), including those arising under the Credit Agreement, as amended
hereby.

         SECTION 7.04 Counterparts. This Amendment may be executed in one or
more counterparts, each of which when so executed shall be deemed to be an
original, but all of which when taken together shall constitute one and the same
instrument.

                [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

<PAGE>   6

         IN WITNESS WHEREOF, this Amendment has been executed as of the 18th day
of November, 1999, but is to be effective as of the Effective Date.

                                   BORROWER:

                                   ACE CASH EXPRESS, INC.

                                   By:
                                      ------------------------------------------
                                   Name:
                                        ----------------------------------------
                                   Title:
                                         ---------------------------------------

                                   AGENT:

                                   WELLS FARGO BANK (TEXAS),
                                   NATIONAL ASSOCIATION

                                   By:
                                      ------------------------------------------
                                   Name:
                                        ----------------------------------------
                                   Title:
                                         ---------------------------------------

                                   LENDERS:

                                   WELLS FARGO BANK (TEXAS),
                                   NATIONAL ASSOCIATION

                                   By:
                                      ------------------------------------------
                                   Name:
                                        ----------------------------------------
                                   Title:
                                         ---------------------------------------

                                   CHASE BANK OF TEXAS, NATIONAL ASSOCIATION

                                   By:
                                      ------------------------------------------
                                   Name:
                                        ----------------------------------------
                                   Title:
                                         ---------------------------------------

                                   FIRST UNION NATIONAL BANK

                                   By:
                                      ------------------------------------------
                                   Name:
                                        ----------------------------------------
                                   Title:
                                         ---------------------------------------

                                   BANK OF AMERICA, N.A.,
                                   formerly known as NationsBank, N.A.

                                   By:
                                      ------------------------------------------
                                   Name:
                                        ----------------------------------------
                                   Title:
                                         ---------------------------------------

<PAGE>   7

                                   PARIBAS

                                   By:
                                      ------------------------------------------
                                   Name:
                                        ----------------------------------------
                                   Title:
                                         ---------------------------------------

                                   By:
                                      ------------------------------------------
                                   Name:
                                        ----------------------------------------
                                   Title:
                                         ---------------------------------------

                                   NATIONAL CITY BANK

                                   By:
                                      ------------------------------------------
                                   Name:
                                        ----------------------------------------
                                   Title:
                                         ---------------------------------------

                                   AGREED AND ACKNOWLEDGED:

                                   GUARANTY FEDERAL BANK, F.S.B.

                                   By:
                                      ------------------------------------------
                                   Name:
                                        ----------------------------------------
                                   Title:
                                         ---------------------------------------

<PAGE>   8

                                     ANNEX A

                          ADVANCE TERM LOAN COMMITMENTS

                                 (See Attached)

<PAGE>   9

                                SCHEDULE 2.01(a)

                          ADVANCE TERM LOAN COMMITMENTS

<TABLE>
<CAPTION>
                                                                  Percentage of
Lender                                             Commitment       Commitment
------                                           --------------   -------------
<S>                                              <C>              <C>
Wells Fargo Bank (Texas), National Association   $10,181,818.17          29.091%

Chase Bank of Texas, National Association        $ 6,190,082.61          17.686%

Paribas                                          $ 4,126,721.88          11.791%

First Union National Bank                        $ 6,190,082.61          17.686%

Bank of America, N.A                             $ 6,190,082.61          17.686%

National City Bank                               $ 2,121,212.12           6.061%
                                                 --------------   -------------

Total Advance Term Loan Commitments              $35,000,000.00          100.00%
                                                 ==============   =============
</TABLE>

<PAGE>   10

                                     ANNEX B

                          REVOLVING CREDIT COMMITMENTS

                                 (See Attached)

<PAGE>   11

                                SCHEDULE 2.01(b)

                          REVOLVING CREDIT COMMITMENTS

<TABLE>
<CAPTION>
                                                                      Percentage of
Lender                                              Commitment         Commitment
------                                           ----------------   ----------------
<S>                                              <C>                <C>
Wells Fargo Bank (Texas), National Association   $  37,818,181.83             29.091%

Chase Bank of Texas, National Association        $  22,991,735.39             17.686%

Paribas                                          $  15,327,824.12             11.791%

First Union National Bank                        $  22,991,735.39             17.686%

Bank of America, N.A                             $  22,991,735.39             17.686%

National City Bank                               $   7,878,787.88              6.061%
                                                 ----------------   ----------------

Total Revolving Credit Commitments               $ 130,000,000.00             100.00%
                                                 ================   ================
</TABLE><PAGE>   1
                                                                    EXHIBIT 10.1

                  AMENDMENT NUMBER TWO TO AMENDED AND RESTATED

                           LOAN AND SECURITY AGREEMENT

                  This Amendment Number Two to Amended and Restated Loan and
Security Agreement ("Amendment") is entered into as of January 31, 2000, by and
between FOOTHILL CAPITAL CORPORATION, a California corporation ("Foothill"), and
CELEBRITY, INC., a Texas corporation, THE CLUETT CORPORATION, a California
corporation, INDIA EXOTICS, INC., a Texas corporation, VALUE FLORIST SUPPLIES,
INC., a Texas corporation and STAR WHOLESALE FLORIST, INC., a Texas corporation
(collectively "Borrowers"), in light of the following:

                  FACT ONE: Borrowers and Foothill have previously entered into
that certain Amended and Restated Loan and Security Agreement, dated as of July
15, 1999 (as amended, the "Agreement").

                  FACT TWO: Borrowers and Foothill desire to amend the Agreement
as provided for and on the conditions herein.

                  NOW, THEREFORE, Borrowers and Foothill hereby amend and
supplement the Agreement as follows:

                  1. DEFINITIONS. All initially capitalized terms used in this
Amendment shall have the meanings given to them in the Agreement unless
specifically defined herein.

                  2. AMENDMENTS.

                       (a) The definition of "Bridge Period" in Section 1.1 is
hereby amended to read as follows:

         "Bridge Period" means the period beginning on October 28, 1999 through
         and including June 15, 2000."

                       (b) The definition of "Bridge Limit" in Section 1.1 is
hereby amended to read as follows:

         "Bridge Limit" means $1,500,000 from October 28, 1999 through February
         14, 2000; $1,200,000 from February 15, 2000 through March 14, 2000;
         $900,000 from March 15 through April 14, 2000; $600,000 from April 15,
         2000 through May 14, 2000; $300,000 from May 15, 2000 through June 14,
         2000; and $0 on June 15, 2000 and thereafter."

                       (c) Notwithstanding Sections 7.1 and 7.8 of the Agreement
to the contrary Borrowers shall be permitted to borrow and repay, from time to
time on an

                                       1
<PAGE>   2

unsecured basis, up to an aggregate amount of $1,000,000 outstanding at any one
time from RHP Management, LLC, a Texas limited liability company.

                  3. REPRESENTATIONS AND WARRANTIES. Borrowers hereby affirm to
Foothill that all of Borrowers' representations and warranties set forth in the
Agreement are true, complete and accurate in all respects as of the date hereof.

                  4. NO DEFAULTS. Borrowers hereby affirm to Foothill that no
Event of Default has occurred and is continuing as of the date hereof.

                  5. CONDITION PRECEDENT. The effectiveness of this Amendment is
expressly conditioned upon the following:

                       (a) Payment by Borrowers to Foothill of an amendment fee
in the aggregate amount of $15,000, such fee to be charged to Borrowers' loan
account pursuant to Section 2.6(e) of the Agreement; and

                       (b) Receipt by Foothill of an executed copy of this
Amendment.

                  6. COSTS AND EXPENSES. Borrowers shall pay to Foothill all of
Foothill's out-of-pocket costs and expenses (including, without limitation, the
fees and expenses of its counsel, which counsel may include any local counsel
deemed necessary, search fees, filing and recording fees, documentation fees,
appraisal fees, travel expenses, and other fees) arising in connection with the
preparation, execution, and delivery of this Amendment and all related
documents.

                  7. LIMITED EFFECT. In the event of a conflict between the
terms and provisions of this Amendment and the terms and provisions of the
Agreement, the terms and provisions of this Amendment shall govern. In all other
respects, the Agreement, as amended and supplemented hereby, shall remain in
full force and effect.

                  8. COUNTERPARTS; EFFECTIVENESS. This Amendment may be executed
in any number of counterparts and by different parties on separate counterparts,
each of which when so executed and delivered shall be deemed to be an original.
All such counterparts, taken together, shall constitute but one and the same

                                       2
<PAGE>   3

Amendment. This Amendment shall become effective upon the execution of a
counterpart of this Amendment by each of the parties hereto.

                  IN WITNESS WHEREOF, the parties hereto have executed this
Amendment as of the date first set forth above.

                                        FOOTHILL CAPITAL CORPORATION,
                                        a California corporation

                                        By: /s/ Victor Barwig
                                            ------------------------------------
                                              Title:   Vice President
                                                    ----------------------------
                                        CELEBRITY, INC.,
                                        a Texas corporation

                                        By: /s/ Lynn Skillen
                                            ------------------------------------
                                              Title:   Vice President
                                                    ----------------------------
                                        THE CLUETT CORPORATION,
                                        a California corporation

                                        By: /s/ Lynn Skillen
                                            ------------------------------------
                                              Title:   Vice President
                                                    ----------------------------
                                        INDIA EXOTICS, INC.,
                                        a Texas corporation

                                        By: /s/ Lynn Skillen
                                            ------------------------------------
                                              Title:   Vice President
                                                    ----------------------------
                                        VALUE FLORIST, INC.,
                                        a Texas corporation

                                        By: /s/ Lynn Skillen
                                            ------------------------------------
                                              Title:   Vice President
                                                    ----------------------------
                                        STAR WHOLESALE FLORIST, INC.,
                                        a Texas corporation

                                        By: /s/ Lynn Skillen
                                            ------------------------------------
                                              Title:   Vice President
                                                    ----------------------------

                                       3
<PAGE>   4

                            REAFFIRMATION OF GUARANTY

         Each of the undersigned has executed a Continuing Guaranty (the
"Guaranty") in favor of Foothill Capital Corporation, a California corporation
("Foothill") respecting the obligations of Celebrity, Inc., a Texas corporation
("Celebrity"), The Cluett Corporation, a California corporation ("Cluett"), Star
Wholesale Florist, Inc. a Texas corporation ("Star"), Value Florist Supplies,
Inc., a Texas corporation ("Value"), and India Exotics, Inc., a Texas
corporation ("India") (Celebrity, Cluett, Star, Value and India are each a
"Borrower" and collectively the "Borrowers") owing to Foothill. Each of the
undersigned acknowledges the terms of Amendment Number Two to Amended and
Restated Loan and Security Agreement, dated as of January 31, 2000, and
reaffirms and agrees that (a) its Guaranty remains in full force and effect, (b)
nothing in such Guaranty obligates Foothill to notify either of the undersigned
of any changes in the financial accommodations made available to Borrowers or to
seek reaffirmations of the Guaranty, and (c) no requirement to so notify either
of the undersigned or to seek reaffirmations in the future shall be implied by
the execution of the reaffirmation.

Dated:   January 31, 2000

                                               MAGICSILK, INC.,
                                               a Texas corporation

                                               By:  /s/ Lynn Skillen
                                                  ------------------------------
                                               Name:  Lynn Skillen
                                               Title: Vice President

                                               RHP MANAGEMENT, LLC,
                                               a Texas limited liability company

                                               By:  /s/ Robert H. Patterson, Jr.
                                                  ------------------------------
                                               Name:  Robert H. Patterson
                                               Title: President

                                       4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}]]