Document:

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                                 EXHIBIT 10.3

                            STOCK ESCROW AGREEMENT

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                                   EXHIBIT A

                             STOCK ESCROW AGREEMENT

      THIS STOCK ESCROW AGREEMENT (this "Agreement") is dated as of September
30, 1999, by and between Mr. James D. Tilton (the "Shareholder"), the Augustine
Fund, L.P. (the "Lender"), and H. GLENN BAGWELL, JR., a duly licensed attorney
who practices law in the State of North Carolina, U.S.A., as Escrow Agent (the
"Escrow Agent").

                                   WITNESSETH:

      WHEREAS, the Lender and Thoroughbred Interest, Inc., a Nevada corporation
(the "Company") have entered into a Promissory Note dated as of the date of this
Agreement (the "Loan Agreement"), pursuant to which the Lender has agreed to
lend to the Company, in accordance with the terms hereof and of the Security
Agreement (defined below) and of the Loan Agreement, an amount of money in
United States dollars as stated in the Loan Agreement (the "Loan Amount"), which
Loan Amount is to be secured by a number of shares of common stock ("Common
Stock") of the Company, (capitalized terms used herein and not otherwise defined
herein shall have the meanings ascribed to them in the Loan Agreement and in the
accompanying Security Agreement); and

      WHEREAS, the Lender has requested certain additional security as partial
consideration for Lender's undertakings as described in the Loan Agreement, and
the Shareholder has agreed to escrow shares of Common Stock to provide such
additional security; and

      WHEREAS, it is a condition of the Lender's and the Company's respective
obligations to execute the Loan Agreement, that this Agreement be executed and
delivered by all of the parties named above, and that the undertakings described
herein be performed; and

      WHEREAS, the Escrow Agent is willing to act hereunder on the terms and
conditions set forth herein;

      NOW, THEREFORE, in consideration of the mutual covenants and obligations
set forth below, the parties hereto hereby agree as follows:

      1. ESCROW ACCOUNT.

      1.1 Account: Deposit. The transaction(s) described in the Loan Agreement
shall be entered into and commenced at a closing ("the Closing"). On or within
three (3) business days after the date hereof, the Shareholder shall place
6,000,000 shares of Common Stock in escrow with the Escrow Agent, along with all
necessary stock powers duly executed and Medallion guaranteed, and the Lender
shall place in escrow with the Escrow Agent the sum of US$300,000.00. The said
sum shall be released by the Escrow agent to or at the direction of the
Shareholder upon receipt of the Common Stock (or earlier, with the Lender's
consent).

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      2. DISBURSEMENT OF COMMON STOCK.

      2.1 Disbursement. None of the Common Stock shall be disbursed other than
in accordance with the terms hereof, or in accordance with the written
instructions of at least two (2) of the three (3) parties hereto (i.e. any two
(2) of the Lender, the Shareholder and the Escrow Agent) delivered to the Escrow
Agent. Except as herein stated or as required by the Loan Agreement or the
Security Agreement, in no event shall the Escrow Agent release or transfer any
Common Stock to any party other than to the Shareholder in accordance with this
Agreement, absent express written instructions from the Shareholder to transfer
Common Stock to a third party. The Escrow Agent shall hold the Common Stock in
escrow and shall release the Common Stock to a party other than the Shareholder
only upon the following conditions.

      (a) If (x) the amount due under the Loan Agreement is not repaid in full
in a timely manner as described in the Loan Agreement, or if (z) the Lender
informs the Escrow Agent and the Shareholder in writing with reasonable
specificity of a Default, the Company or the Shareholder shall have five (5)
business days from the date of such notice to cure the Default; if the Default
is cured, the Lender shall inform the Escrow Agent in writing, and no further
action will be taken; but if the Escrow Agent is not so informed in writing by
the Lender that the Default has been cured within such five (5) day period, then
in either case, the Lender shall deliver all or such portion of the Common Stock
to the Lender as is demanded by the Lender. The Escrow Agent shall deliver the
Common Stock to the Lender to effect the purposes of this Security Agreement.

      (b) Once the amounts stated in and owed to the Lender pursuant to the Loan
Agreement have been paid in full, the Escrow Agent shall be notified of such
fact by the Lender, and the Escrow Agent shall immediately release the remaining
Common Stock held by the Escrow Agent to the Shareholder. The Shareholder shall
give written notice providing instructions with respect to the return of all
remaining Common Stock held in the Escrow Account (if any) to the Shareholder.
Any Common Stock then in the possession of the Lender shall immediately be
returned to the Escrow Agent for delivery to the Shareholder.

      2.2 Controversies. If any controversy arises between two or more of the
parties hereto, or between any of the parties hereto and any person not a party
hereto, as to whether or not or to whom the Escrow Agent shall deliver the
Common Stock or any portion thereof or as to any other matter arising out of or
relating to this Escrow Agreement, the Escrow Agent shall not be required to
determine the same and need not make any delivery of the Escrow concerned or any
portion thereof but may retain the same until the rights of the parties to the
dispute shall have been finally determined by agreement or by final judgment of
a court of competent jurisdiction after all appeals have been finally determined
(or the time for further appeals has expired without an appeal having been made)
(notwithstanding the above, the provisions of the paragraph next above this one
shall apply in all events without exception). The Escrow Agent shall deliver
that portion of the Escrow concerned covered by such agreement or final order,
if any is then held by the Escrow Agent, within five (5) days after the Escrow
Agent receives a copy thereof The Escrow Agent shall assume that no such
controversy has arisen unless and until it receives

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written notice from the Lender and/or the Shareholder that such controversy has
arisen, which refers specifically to this Agreement and identifies the adverse
claimants to the controversy.

      2.3 No Other Disbursements. No portion of the Common Stock shall be
disbursed or otherwise transferred except in accordance with this Section 2,
Section 4 or Section 5.1(b).

      2.4 Title and Ownership of the Common Stock. The parties hereto
acknowledge and agree that ownership of and legal title to the Escrow Account
and the contents thereof shall be in the Shareholder, until and unless a Default
(as defined in the Security Agreement) occurs, in which case the terms of the
Loan Agreement and of the Security Agreement with respect thereto shall control.

      3. ESCROW AGENT. The acceptance by the Escrow Agent of his duties
hereunder is subject to the following terms and conditions, which the parties to
this Agreement hereby agree shall govern and control with respect to the rights,
duties, liabilities and immunities of the Escrow Agent:

      3.1 The Escrow Agent shall not be responsible or liable in any manner
whatever for the sufficiency, correctness, genuineness or validity of any cash,
Common Stock, certificates, investments or other amounts deposited with or held
by him.

      3.2 The Escrow Agent shall be protected in acting upon any written notice,
certificate, instruction, request or other paper or document believed by him to
be genuine and to have been signed or presented by the proper party or parties.

      3.3 The Escrow Agent shall not be liable for any act done hereunder except
in the case of his reckless or willful misconduct or actions taken in bad faith.

      3.4 The Escrow Agent shall not be obligated or permitted to investigate
the correctness or accuracy of any document or to determine whether or not the
signatures contained in said documents are genuine or to require documentation
or evidence substantiating any such document or signature.

      3.5 The Escrow Agent shall have no duties as Escrow Agent except those
which are expressly set forth herein, and in any modification or amendment
hereof; provided, however, that no such modification or amendment hereof shall
affect its duties unless it shall have given its written consent thereto. The
Escrow Agent shall not be prohibited from owning an equity interest in the
Company, the Shareholder, the Lender, another Lender, any of their respective
subsidiaries or any third party that is in any way affiliated with or conducts
business with either the Company, the Shareholder, the Lender or another Lender.

      3.6 The Shareholder and the Lender specifically acknowledge that the
Escrow Agent is a practicing attorney, and may have worked with the Shareholder,
the Lender, the Company, or affiliates of either of them on other unrelated
transactions, and that they and each of them has specifically requested that the
Escrow Agent draft some or all of the documents for the said

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transactions and act as Escrow Agent with respect to the said transactions. Each
party represents that it has retained legal and other counsel of its choosing
with respect to the transactions contemplated herein and in the Loan Agreement,
and is satisfied in its sole discretion with the form and content of the
documentation drafted by the Escrow Agent. The Escrow Agent may purchase an
equity interest in the Company and/or may become an equity owner of the Lender
or another lender, and may increase or sell any such interest, so long as in
accordance with any and all applicable law. The said parties hereby waive any
objection to the Escrow Agent so acting based upon conflict of interest or lack
of impartiality. The Escrow Agent agrees to act impartially and in accordance
with the terms of this Agreement and with the parties' respective instructions,
so long as they are not in conflict with the terms of this Agreement.

      4. TERMINATION. This Agreement shall terminate on the earlier of (a) the
date on which all of the Common Stock and any other escrowed documents and
things described herein shall have been fully distributed in accordance with the
terms and conditions of this Agreement, or (b) any other date agreed to jointly
by the Lender and the Shareholder.

      5. MISCELLANEOUS.

      5.1 Indemnification of Escrow Agent.

      (a) The Shareholder and Lender each agree, jointly and severally, to
indemnify the Escrow Agent for, and to hold him harmless against, any loss
incurred without willful misconduct or bad faith on the Escrow Agent's part,
arising out of or in connection with the administration of this Agreement,
including the costs and expenses of defending himself against any claim or
liability in connection with the exercise or performance of any of his powers or
duties hereunder. This indemnification shall not apply to a party with respect
to a direct claim against the Escrow Agent by such party alleging in good faith
a willful breach of this Agreement or act of bad faith by the Escrow Agent,
which claim results in a final non-appealable judgment against the Escrow Agent
with respect to such claim.

      (b) In the event of any dispute as to the nature of the rights or
obligations of the Lender, the Shareholder or the Escrow Agent hereunder, the
Escrow Agent may at any time or from time to time interplead, deposit and/or pay
all or any part of the Shares with or to a court of competent jurisdiction
sitting in Wake County, North Carolina or in any appropriate federal court, in
accordance with the procedural rules thereof. The Escrow Agent shall give notice
of such action to the Shareholder and the Lender. Upon such interpleader,
deposit or payment, the Escrow Agent shall immediately and automatically be
relieved and discharged from all further obligations and responsibilities
hereunder, including the decision to interplead, deposit or pay such funds.

      5.2 Amendments. This Agreement may be modified or amended only by a
written instrument executed by each of the parties hereto.

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      5.3 Notices. All communications required or permitted to be given under
this Agreement to any party hereto shall be sent by first class mail or
facsimile to such party at the address, of such party set forth on the signature
page of this Agreement.

      5.5 Successors and Assigns. This Agreement shall bind and inure to the
benefit of the parties hereto and their respective successors and assigns;
provided, however, that the Escrow Agent shall not assign its duties under this
Agreement.

      5.6 Governing Law. This Agreement shall be governed by and construed and
interpreted in accordance with the laws of the State of North Carolina.

      5.7 Counterparts. This Agreement may be executed in three or more
counterparts, each of which shall be an original, and all of which together
shall constitute one and the same agreement.

      5.8 Facsimile. This Agreement may be accepted via facsimile, and a
facsimile transmission of the executed signature page hereof shall make this
Agreement legally binding upon the party so executing and faxing such signature
page to the Escrow Agent.

      IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the day and year first above written.

                            [SIGNATURE PAGE FOLLOWS]

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          [SIGNATURE PAGE TO ESCROW AGREEMENT DATED SEPTEMBER 30, 1999]

                                     THE SHAREHOLDER:

                                     /s/  James D. Tilton
                                     ---------------------------------
                                     Mr. James D. Tilton

                                     THE LENDER:

                                     THE AUGUSTINE FUND, L.P.

                                     By: Augustine Capital Management, Inc., its
                                         general partner

                                     By: /s/ Thomas F. Augustine
                                         --------------------------------
                                         (Duly Authorized Representative)

                                     ESCROW AGENT:

                                     /s/ H. Glenn Bagwell, Jr.
                                     ---------------------------------------
                                     H. GLENN BAGWELL, JR., ESQ.

                                     Address: 3005 Anderson Drive, Suite 204
                                              Raleigh, North Carolina USA 27609
                                              Telephone  919.785.3113
                                              Telecopier 919.785.3116

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                                 EXHIBIT 10.4

                        PLEDGE AND SECURITY AGREEMENT

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                                    EXHIBIT B

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                          PLEDGE AND SECURITY AGREEMENT

                   by and between James D. Tilton, as Obligor

                                       and

                            THE AUGUSTINE FUND, L.P.
                                as Secured Party

                         Dated as of September 30, 1999

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                          PLEDGE AND SECURITY AGREEMENT

      THIS PLEDGE AND SECURITY AGREEMENT (this "Agreement") dated as of
September 30, 1999, is entered into by and between Mr. James D. Tilton (the
"Obligor"), and THE AUGUSTINE FUND, L.P. (the "Secured Party").

                                   WITNESSETH:

      WHEREAS, Thoroughbred Interests, Inc., a Nevada corporation (the
"Company") and the Secured Party are parties to that certain Promissory Note
dated as of the date hereof (including also all Exhibits and Addenda executed by
the parties, the "Note").

      WHEREAS, it is a condition precedent to Secured Party's willingness to
execute the Note and to lend the sum of $300,000.00 to the Company (the
"Obligations") be secured by 6,000,000 shares of common stock (the "Common
Stock") of the Company owned or to be purchased by the Obligor.

      NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged by the parties executing this Agreement, the parties hereto agree
as follows:

      SECTION 1. Grant of Security Interest. The Obligor hereby conveys,
transfers, grants, assigns and pledges to the Secured Party a security interest
in and security title to (together with a right of setoff) the Obligor's right,
title and interest in 6,000,000 shares of Common Stock of the Company owned by
the Obligor (the "Collateral").

      SECTION 2. Security for Obligations. This Agreement secured the
performance of the obligations of the Company under the Note (the "Company's
Obligations"), whether now or hereafter existing. Without limiting the
generality of the foregoing, this Agreement secures the performance of the
Company's Obligations and all amounts which would be owned by the Obligor to the
Secured Party but for the fact that they are unenforceable or not allowable due
to the existence of a bankruptcy, reorganization or similar proceeding involving
the Obligor.

      SECTION 3. Representations and Warranties. The Obligor represents and
warrants as follows:

            (a) This Agreement creates a valid security interest in the
      Collateral, securing the performance of the company's Obligations.

            (b) The Collateral is not subject to any lien, security interest or
      encumbrance senior to that created by this Agreement.

            (c) The Collateral is or may be restricted from transfer under
      applicable securities law, unless the Company defaults under its
      obligations under the

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      Note, at which time the Secured Party may be able to sell the Collateral
      pursuant to Rule 144.

      SECTION 4. Further Assurances. The Obligor agrees that from time to time
it will promptly execute and deliver all further instruments and documents and
take all further action that may be necessary or that the Secured Party may
reasonably request in order to perfect and protect any security interest granted
or purported to be granted hereby or to enable the Secured Party to exercise and
enforce its rights and remedies hereunder with respect to the Collateral.

      SECTION 5. Transfer of Collateral. Except as stated herein, the Obligor
shall not sell, assign (by operation of law or otherwise) or otherwise dispose
of, or grant any option with respect to, the Collateral. The Obligor shall upon
request of the Secured Party provide trade confirmations with respect to any
Common Stock sold.

      SECTION 6. Secured Party Appointed Attorney-in-Fact. The Obligor hereby
irrevocably appoints the Secured Party its attorney-in-fact, with full authority
in the place and stead of the Obligor and in the name of the Obligor or
otherwise, at such time as any default has occurred in the Company's Obligations
(a "Default"), to take any action and to execute any instrument which the
Secured Party may deem necessary or advisable to accomplish the purposes of
this Agreement, including, without limitation:

            (a) to ask, demand, collect, sue for, recover, compromise, receive
      and give acquittance and receipts for moneys due and to become due under
      or in connection with the Collateral;

            (b) to receive, endorse and collect any instruments or documents in
      connection therewith; and

            (c) to file any claims or take any action or institute any
      proceedings which the Secured Party may deem necessary or desirable for
      the collection of the Collateral or otherwise to enforce the rights of the
      Secured Party with respect to the Collateral.

      SECTION 7. Secured Party May Perform. If the Obligor fails to perform any
agreement contained herein, the Secured Party may itself perform or cause the
performance of such agreement, and the expenses of the Secured Party incurred in
connection therewith shall be payable by the Obligor.

      SECTION 8. Secured Party's Duties. The powers conferred on the Secured
Party hereunder are solely to protect its interest in the Collateral and shall
not impose any duty upon it to exercise any such powers.

      SECTION 9. Remedies. If any Default shall have occurred and until such
default is waived in writing in accordance with the Note Purchase Agreement:

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            (a) The Secured Party may exercise in respect of the Collateral, in
      addition to all of the other rights and remedies of a secured party under
      the Uniform Commercial Code in effect in the State of Illinois at that
      time or any other applicable jurisdiction, and also may (i) without
      notice, except as specified below, sell the Collateral or any part thereof
      at public or private sale, at any of the Secured Party's offices or
      elsewhere, for cash, on credit or for future delivery, and upon such other
      terms as are commercially reasonable. The Obligor agrees that, to the
      extent notice of sale shall be required by law, at least ten (10) calendar
      days' notice to the Obligor of the time and place of any public sale or
      the time after which any private sale is to be made shall constitute
      reasonable notification. The Secured Party shall not be obligated to make
      any sale of Collateral, regardless of notice of sale having been given.
      The Secured Party 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) All cash proceeds received by the Secured Party in respect of
      any sale of, collection from or other realization upon all or any part of
      the Collateral may, in the discretion of the Secured Party, be held by the
      Secured Party as collateral for, and/or then or at any time thereafter be
      applied in whole or in part by the Secured Party against, all or any part
      of the Company's Obligations. Any surplus of such cash or cash proceeds
      held by the Secured Party and remaining after satisfaction in full of all
      the Company's Obligations shall be paid over to the Obligor or to
      whomsoever may be lawfully entitled to receive such surplus.

      SECTION 10. Remedies Cumulative. Each right, power and remedy of the
Secured Party as provided for in this Agreement or now or hereafter existing at
law or in equity or by statute or otherwise shall be cumulative and concurrent
and shall be in addition to every other right, power or remedy provided for in
this Agreement or now or hereafter existing at law or in equity or by statute or
otherwise, and the exercise or beginning of the exercise by the Secured Party of
any one or more of such rights, powers, or remedies shall not preclude the
simultaneous or later exercise by the Secured Party of any or all such other
rights, powers, or remedies.

      SECTION 11. Expenses. The Obligor will upon demand pay to the Secured
Party the amount of any and all reasonable expenses, including the reasonable
fees and expenses of its counsel which the Secured Party may incur in connection
with the exercise or enforcement of any of the rights of the Secured Party
hereunder or the failure by the Obligor to perform or observe any of the
provisions hereof.

      SECTION 12. Possession Until Default. Until a Default shall occur the
Collateral shall be held in escrow by the Escrow Agent (as defined in the Note),
subject to and upon the terms hereof, the Note and its related escrow agreement.
The Obligor shall deliver the Collateral to the Escrow Agent at or prior to the
closing of the transactions contemplated in the Note. The Escrow Agent shall
hold the Collateral in escrow and shall release the Collateral to a party other
than the Obligor only upon the following conditions. (I) If the Note is not

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repaid in full in a timely manner as described in the Note, or (II) If the
Secured Party informs the Escrow Agent and the Obligor in writing with
reasonable specificity of a Default, the Obligor or the company shall have five
(5) business days to cure the Default; if the Default is cured, the Secured
Party shall inform the Escrow Agent in writing, and no further action will be
taken. If the Escrow Agent is not informed in writing by the Secured Party that
the Default has been cured within such five (5) day period, the Escrow Agent
shall deliver the Collateral to the Secured Party to effect the purposes of this
Security Agreement.

      SECTION 13. Amendments; Etc. No waiver of any provision of this Agreement
shall in any event be effective unless the same shall be in writing and signed
by the Secured Party, and then such waiver or consent shall be effective only in
the specific instance and for the specific purpose for which given. No amendment
of any provision of this Agreement shall be effective unless the same shall be
in writing and signed by the Secured Party and the Obligor.

      SECTION 14. Addresses for Notices. All notices and other communications
provided for hereunder shall be given in the form and manner and delivered (a)
to the Secured Party at 141 West Jackson Street, Suite 2182, Chicago, Illinois
60604, or (b) to the Obligor at the address set forth on the signature page
hereof or, (c) as to either party, at such other address as shall be designated
by such party in a written notice to the other party.

      SECTION 15. Continuing Security Interest; Assignments Under Note. This
Agreement shall crease a continuing security interest in the Collateral and
shall (a) remain in full force and effect until the performance in full of the
Company's Obligations, (b) be binding upon the Obligor and its successors and
assigns, and (c) inure to the benefit of and be enforceable by the Secured Party
and its successors, transferees and assigns. Upon the performance in full of the
Company's Obligations and all other amounts payable under this Agreement, the
security interest granted hereby shall terminate and all rights to the
Collateral shall revert to the Obligor. The Secured Party shall not, by any act,
delay, omission or otherwise, be deemed to have waived any of its rights or
remedies hereunder unless such waiver is in writing and signed by the Secured
Party and then only to the extent therein set forth. A waiver by the Secured
Party of any right or remedy on any occasion shall not be construed as a bar to
the exercise of any such right or remedy which the Secured Party has or would
otherwise have had on any other occasion.

      SECTION 16. Governing Law; Terms. This Agreement shall be governed by and
construed in accordance with the laws of the State of Illinois without reference
to the conflict or choice or law principles thereof, except to the extent that
the validity or perfection of the security interest hereunder, or the remedies
hereunder, in respect of any particular Collateral are governed by the laws of a
jurisdiction other than the State of Illinois. Any terms used herein which are
used in the Uniform Commercial Code of the State of Illinois shall have the same
meanings herein as such terms have in said Uniform Commercial Code.

      SECTION 17. Miscellaneous.

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            (a) This Agreement may be executed in any number of counterparts,
      each of which shall be deemed to be an original, but all such separate
      counterparts shall together constitute but one and the same instrument. A
      facsimile of the signature page hereof faxed to the Escrow Agent shall be
      deemed acceptance of this Agreement for all purposes, and the other party
      hereof may rely upon such facsimile as if this Agreement were executed in
      the presence of the party so relying.

            (b) Any provision of this Agreement which is prohibited or
      unenforceable in any jurisdiction shall be ineffective to the extent of
      such prohibition or unenforceability in such jurisdiction without
      invalidating the remaining provisions hereof in such jurisdiction or
      affecting the validity or enforceability of such provision in any other
      jurisdiction.

      IN WITNESS WHEREOF, the Obligor and the Secured Party have caused this
Agreement to be duly executed and delivered as of the date first above written.

OBLIGOR

/s/ James D. Tilton
------------------------------------
Mr. James D. Tilton

Address: 8702 Twin Ridge Court
         Louisville, KY 40242
         Tel. 800.786.9267
         Fax. 502.327.0045

SECURED PARTY

THE AUGUSTINE FUND, L.P.

By: Augustine Capital Management, Inc., its General Partner

By:
    --------------------------------
    (Duly Authorized Representative)

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