Document:

EXHIBIT 10.8
                                                                    ------------

                                OPTION AGREEMENT

         This Option Agreement ("Agreement") is made effective this 31st day of
August, 2006, by and between RonHow, LLC, a Georgia limited liability company
("RonHow"), having an office at 3290 Northside Parkway, Suite 250, Atlanta,
Georgia, 30302, Attention: Robert Anderson, and Harold's Stores, Inc., an
Oklahoma corporation ("Company") with reference to the following circumstances:

                  A. RonHow has entered into certain secured financing
         agreements with Company and certain of its subsidiaries (collectively,
         the "Borrowers") pursuant to which RonHow has made and may hereafter
         make loans to the Borrowers pursuant to the terms of a Subordinated
         Loan Agreement dated August 31, 2006 (the "Subordinated Loan
         Agreement").

                  B. The Company has authorized a new Series of 2006-B Preferred
         Stock under the terms of the Certificate of Designation of the Series
         2006-B Preferred Stock filed with the Secretary of State of the State
         of Oklahoma on August 31, 2006 (the "Certificate").

                  C. The Company has agreed to grant the option set forth in
         this Agreement to enable RonHow to convert, in whole or in part, the
         principal balance due and accrued interest under the Subordinated Loan
         Agreement into shares of the Company's Series 2006-B Preferred Stock.

                  D. The existing holders of the Company's outstanding Amended
         Series 2001-A Preferred Stock, Series 2002-A Preferred Stock, Series
         2003-A Preferred Stock and 2006-A Preferred Stock have all consented to
         the transactions contemplated by this Agreement and the Subordinated
         Loan Agreement and waived their preemptive rights with respect to the
         right to acquire shares of Series 2006-B Preferred Stock.

         NOW THEREFORE, in consideration of the foregoing recitals and the
mutual promises, representations, warranties and covenants hereinafter set forth
and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree as follows:

         1. Option to Purchase Shares of Series 2006-B Preferred Stock.

                  1.1 Option. Subject to the terms and conditions of this
         Agreement, the Company grants to RonHow an option (the "Option") to
         purchase at a price per share ("Purchase Price Per Share") of One
         Thousand Dollars ($1,000.00), up to 5,000 shares, plus such additional
         shares as may be purchased in exchange for forgiveness of accrued but
         unpaid interest under the Subordinated Loan Agreement (the "2006-B
         Shares"), of authorized but unissued shares of its Series 2006-B
         Preferred Stock which may be exercised at any time prior to the
         repayment of the Subordinated Loan Agreement in full. RonHow may
         purchase from the Company such number of 2006-B Shares as is equal to
         the principal amount outstanding
<PAGE>

         under the Subordinated Loan Agreement, plus any accrued but unpaid
         interest, at the date of Closing of the exercise of the Option divided
         by the Purchase Price Per Share. RonHow may exercise the Option in
         whole or in part at any time after the date hereof and prior to the
         repayment in full by the Company of amounts due under the Subordinated
         Loan Agreement by giving written notice of exercise to the Company. If
         the Company intends to repay all or any part of the principal balance
         due under the Subordinated Loan Agreement, it shall give at least ten
         (10) days' written notice to RonHow and during such ten (10) day
         period, RonHow may exercise the Option in whole or in part. Payment of
         the Purchase Price for the 2006-B Shares which RonHow purchases by any
         exercise of the Option will be paid by RonHow by forgiving such portion
         of the principal amount and accrued but unpaid interest under the
         Subordinated Loan Agreement equal to the purchase price of the 2006-B
         Shares purchased. RonHow will execute and deliver such documents and
         instruments to evidence such forgiveness as the Company may request.

                  1.2 Conversion Price. The Conversion Price (as defined in the
         Certificate) of the 2006-B Shares acquired upon any exercise of the
         Option shall be equal to the 20 day average of the closing prices of
         the Company's Common Stock as quoted on the Over-the-Counter Bulletin
         Board for the twenty (20) trading days ending on the day before the
         date of this Agreement, or $0.43 per share. The Conversion Price shall
         be subject to adjustment as provided in the Certificate. All other
         terms of the 2006-B Shares shall be governed by the Certificate.

                  1.3 Closing. The closing of the purchase and sale of the
         2006-B Shares (the "Closing") upon any exercise of the Option shall
         occur within ten (10) business days after the date of the Option
         exercise date. At the Closing, the Company shall deliver to RonHow
         certificates representing the 2006-B Shares that RonHow is purchasing
         against payment of the Purchase Price therefore as provided above. At
         the Closing, the Company and RonHow shall enter into an amendment (the
         "IRA Amendment") to the Investor Rights Agreement dated as February 28,
         2001 by and between the Company and Inter-Him, N.V. ("Inter-Him"), as
         amended, in order to cause the 2006-B Shares to be considered covered
         by such agreement. The obligation of the Company to close the sale of
         the 2006-B Shares shall be subject to the satisfaction or waiver of any
         conditions for such sale under the Subordinated Loan Agreement.

         2. Representations and Warranties of the Company. The Company
represents and warrants to RonHow that:

                  2.1 Organization and Good Standing. The Company is a
         corporation duly organized and validly existing under the laws of the
         state of Oklahoma and is in good standing under such laws. The Company
         has all requisite corporate power and authority to own and operate its
         property and assets, and to carry on its business as presently
         conducted and as currently proposed to be conducted.

                  2.2 Corporate Powers. The Company has all requisite legal and
         corporate power and authority to execute and deliver this Agreement, to
         sell and issue the 2006-B Shares hereunder, to issue any additional
         shares of Series 2006-B Preferred Stock to be issued in satisfaction of
         dividends on the 2006-B Shares (the "Dividend Stock") and to issue the

                                       2
<PAGE>

         Common Stock issuable upon conversion of the 2006-B Shares and the
         Dividend Stock as set forth in the Certificate (the "Underlying Common
         Stock").

                  2.3 Valid Issuance of Stock. The 2006-B Shares, when issued,
         sold and delivered in compliance with the provisions of this Agreement,
         will be duly and validly issued, fully paid and non-assessable and
         issued in compliance with all applicable state and federal securities
         law. The Dividend Stock and the Underlying Common Stock have been duly
         and validly reserved and, when issued, will be duly and validly issued,
         fully paid and non-assessable and issued in compliance with all
         applicable state and federal securities laws.

                  2.4 Authorization. All corporate action on the part of the
         Company necessary for the authorization, execution, delivery and
         performance of this Agreement and the IRA Amendment by the Company, the
         authorization, sale, issuance (or reservation of issuance) and delivery
         of the 2006-B Shares and Dividend Stock and the Underlying Common Stock
         with respect thereto and the performance of all of the Company's
         obligations hereunder and under the IRA Amendment have been taken prior
         to the date hereof. This Agreement constitutes and the IRA Amendment,
         when executed will constitute, valid and legally binding obligations of
         the Company, enforceable in accordance with their respective terms,
         subject to the laws of general application relating to bankruptcy,
         insolvency and the relief of debtors and the rules of law governing
         specific performance, injunctive relief or other equitable remedies.

         3. Representations and Warranties of RonHow. RonHow represents and
warrants to the Company as follows:

                  3.1 Investment Experience. RonHow is capable of evaluating the
         merits and risks of its investment in the Company and has the capacity
         to protect its own interests. RonHow is an "accredited investor" as
         defined in Rule 501 of Regulation D promulgated under the Securities
         Act. RonHow is able to bear the economic risk of losing its entire
         investment in the Company.

                  3.2 Investment. If the Option is exercised, RonHow will
         acquire the 2006-B Shares for investment for RonHow's own account, not
         as a nominee or agent, and not with the view to, or for resale in
         connection with, any distribution thereof. RonHow understands that the
         2006-B Shares and the Dividend Stock and the Underlying Common Stock
         with respect thereto have not been, and will not be when issued,
         registered under the Securities Act or any state securities laws by
         reason of specific exemptions from the registration provisions of the
         Securities Act of 1933 ("Securities Act") and such state laws, the
         availability of which depends upon, among other things, the bona fide
         nature of the investment intent and the accuracy of the representations
         as expressed herein.

                  3.3 Rule 144. RonHow is aware of the provisions of Rule 144
         promulgated under the Securities Act which permit limited resale of
         shares purchased in a private placement subject to the satisfaction of
         certain conditions, which may include, among other things, the
         existence of a public market for the shares, the availability of
         certain current public information about the Company, the resale
         occurring not less than one year after a party has purchased and paid
         for the security to be sold, the sale being effected through a
         "broker's

                                       3
<PAGE>

         transaction" or in transactions directly with a "market maker" and the
         number of shares being sold during any three (3) month period not
         exceeding specified limitations.

                  3.4 Access to Information. RonHow has had an opportunity to
         discuss the Company's management, business plan and financial condition
         with the Company's management. RonHow understands that any purchase of
         the 2006-B Shares involves a high degree of risk, and there can be no
         assurance that the Company's business objectives will be obtained.

                  3.5 Authorization. RonHow has all requisite legal power and
         authority to execute and deliver this Agreement and the IRA Amendment
         and to carry out and perform its obligations under the terms of this
         Agreement and the IRA Amendment and the transactions contemplated
         hereby and thereby. This Agreement and the IRA Amendment, when executed
         and delivered by RonHow, will each constitute a valid and legally
         binding obligation of RonHow, enforceable in accordance with its terms,
         subject to laws of general application relating to bankruptcy,
         insolvency and the relief of debtors and rules of law governing
         specific performance, injunctive relief or other equitable remedies.

                  3.6 Legends. It is understood that each certificate
         representing the 2006-B Shares and the Dividend Stock and the
         Underlying Common Stock with respect thereto shall bear a legend to the
         following effect:

                  THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
                  ACT OF 1933 OR ANY STATE SECURITIES LAWS. THEY MAY NOT BE
                  SOLD, OFFERED FOR SALE OR OTHERWISE TRANSFERRED IN THE ABSENCE
                  OF AN EFFECTIVE REGISTRATION STATEMENT OR THE AVAILABILITY OF
                  AN EXEMPTION THEREFROM.

         4. Covenants of the Company.

                  4.1 Reservation of Shares. The Company shall at all times
         reserve and keep available out of its authorized but unissued shares
         (i) such number of shares of Series 2006-B Preferred Stock as shall
         from time to time be sufficient to permit the exercise of the Option
         and to permit payment of dividends on the 2006-B Shares and Dividend
         Stock and (ii) such number of shares of Underlying Common Stock as
         shall from time to time be sufficient to effect the conversion of all
         outstanding shares of the Series 2006-B Preferred Stock; and if at any
         time the number of authorized but unissued shares of Series 2006-B
         Preferred Stock or Common Stock shall not be sufficient to effect the
         payment of dividends or conversion of all then outstanding shares of
         the Series 2006-B Preferred Stock, in addition to such other remedies
         as shall be available to the holders of such Series 2006-B Preferred
         Stock, the Company will take such corporate action as may, in the
         opinion of its counsel, be necessary to increase the authorized but
         unissued shares to such number of shares as shall be sufficient for
         such purposes.

                                       4
<PAGE>

         5. Miscellaneous.

                  5.1 Good Faith; Cooperation; Further Assurances. The parties
         will in good faith undertake to perform their obligations in this
         Agreement, to satisfy all conditions and to cause the transactions
         contemplated by this Agreement to be carried out promptly in accordance
         with its terms. The parties will cooperate fully with each other and
         their respective representatives in connection with any actions
         required to be taken as part of their respective obligations under this
         Agreement. Each party will at the Closing and from time to time after
         the Closing, deliver to the other such further instruments necessary or
         desirable, in the reasonable opinion of the requesting party and at the
         expense of the requesting party, to consummate or document the
         transactions contemplated by this Agreement.

                  5.2 Entire Agreement; Successors and Assigns. This Agreement
         and the Subordinated Loan Agreement constitute the entire agreement
         between the Company and RonHow relative to the subject matter hereof
         and supersede any previous agreement between the Company and RonHow
         regarding such subject matter. Subject to the exceptions specifically
         set forth in this Agreement, the terms and conditions of this Agreement
         shall inure to the benefit of and be binding upon the respective
         executors, administrators, heirs, successors and assigns of the
         parties.

                  5.3 Governing Law. This Agreement shall be governed by and
         construed in accordance with the laws of the State of Oklahoma without
         regard to the conflicts of laws principles thereof.

                  5.4 Counterparts. This Agreement may be executed in
         counterparts, each of which shall be an original, but all of which
         together shall constitute one and the same instrument.

                  5.5 Headings. The section headings of this Agreement are for
         convenience and shall not by themselves determine the interpretation of
         this Agreement.

                  5.6 Notices. Any notice required or permitted hereunder shall
         be given in writing and shall be conclusively deemed effectively given
         upon personal delivery, or by delivery by overnight courier, or
         telecopy (with confirmation of receipt), or five (5) days after deposit
         in the United States mail, by registered or certified mail, postage
         prepaid, addressed:

                  if to the Company:        Harold's Stores, Inc.
                                            765 Asp
                                            Norman, Oklahoma 73070
                                            Attn: Chief Financial Officer
                                            Telecopy: (405) 366-2538

         and if to RonHow, to RonHow's address as set forth in the first
         paragraph of this Agreement

                  5.7 Survival of Warranties. The representations and warranties
         of the parties contained in or made pursuant to this Agreement shall
         survive for a period of one (1) year from the date of the Closing.

                                       5
<PAGE>

                  5.8 Amendment of Agreement. Any provision of this Agreement
         may be amended by a written instrument signed by the Company and
         RonHow.

                  5.9 Finders' Fees. The Company and RonHow will indemnify each
         other against all liabilities incurred by one party with respect to
         claims related to investment banking or finders' fees in connection
         with the transactions contemplated by this Agreement, arising out of
         arrangements between the party asserting such claims and the
         indemnifying party, and all costs and expenses (including reasonable
         fees of counsel) of investigating and defending such claims.

                       [Signature page follows this page]

                                       6
<PAGE>

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

                                      "COMPANY"

                                      HAROLD'S STORES, INC.

                                      By:  /s/ Jodi L. Taylor
                                         ---------------------------------------
                                      Name:  Jodi L. Taylor
                                           -------------------------------------
                                      Title: Chief Financial Officer & Secretary
                                            ------------------------------------

                                      "RONHOW"

                                      RONHOW, LLC, a Georgia limited liability
                                      company

                                      By: Ronus, Inc., a Georgia corporation,
                                      Managing Member

                                      By:  /s/ Robert L. Anderson
                                         ---------------------------------------
                                         Robert L. Anderson, President

                      [Signature Page to Option Agreement]EXHIBIT 10.9
                                                                    ------------

                             STOCK PURCHASE WARRANT

         This STOCK PURCHASE WARRANT ("Warrant") is issued this 31st day of
August, 2006, by Harold's Stores, Inc., an Oklahoma corporation (the "Company"),
to RonHow, LLC, a Georgia limited liability company ("RonHow") having an office
at 3290 Northside Parkway, Suite 250, Atlanta, Georgia, 30302, Attention: Robert
Anderson. RonHow and any subsequent assignee or transferee hereof are
hereinafter referred to collectively as "Holder" or "Holders").

         1. Issuance of Warrant; Term. For and in consideration of RonHow making
a loan to the Company in an amount of Five Million and no/100ths Dollars
($5,000,000.00) pursuant to the terms of a secured promissory note of even date
herewith (the "Note") and related subordinated loan agreement of even date
herewith (the "Subordinated Loan Agreement"), and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
Company hereby grants to Holder the right to purchase up to 1,032 shares of the
Company's Series 2006-B Preferred Stock (the "Series 2006-B Preferred Stock").
The shares of 2006-B Preferred Stock issuable upon exercise of this Warrant are
hereinafter referred to as the "Shares." The Conversion Price (as defined in the
Certificate) of the 2006-B Shares acquired upon any exercise of the Warrant
shall be equal to the 20 day average of the closing prices of the Company's
Common Stock as quoted on the Over-the-Counter Bulletin Board for the twenty
(20) trading days ending on the day before the date of this Agreement, or $0.43
per share. The Conversion Price shall be subject to adjustment as provided in
the Certificate of Designation of the Series 2006-B Preferred Stock filed with
the Secretary of State of the State of Oklahoma (the "Certificate"). All other
terms of the 2006-B Shares shall be governed by such Certificate of Designation.
This Warrant shall be exercisable at any time and from time to time from the
date hereof until September 30, 2016.

         2. Exercise Price. The exercise price (the "Exercise Price") per share
for which all or any of the Shares may be purchased pursuant to the terms of
this Warrant shall be One Cent ($.01) per share, for an aggregate exercise price
of $10.32.

         3. Exercise; Vesting. This Warrant may be exercised by the Holder
hereof (but only on the conditions hereinafter set forth) in whole or in part as
to the Vested Shares (defined below) that may be acquired hereunder, from time
to time after the earlier to occur of (a) satisfaction in full of all amounts
due under the Subordinated Loan Agreement or (b) an Event of Default under the
Subordinated Loan Agreement, by delivery of written notice of intent to exercise
to the Company in the manner at the address of the Company set forth in Section
7.6 hereof, together with this Warrant and payment to the Company of the
aggregate Exercise Price of the Shares so purchased. The Shares shall vest
ratably from the date of this Warrant through May 31, 2010, provided that no
further vesting shall occur after the payment in full of the Note; and the whole
shares as to which this Warrant has vested from time to time are referred to
herein as the "Vested Shares." The Exercise Price shall be payable in cash or by
check (which need not be certified). Upon exercise of this Warrant, the Company
shall, as promptly as practicable, and in any event within fifteen (15) days
thereafter, execute and deliver to the Holder of this Warrant

<PAGE>

a certificate or certificates for the total number of whole Shares for which
this Warrant is being exercised in such names and denominations as are requested
by such Holder. If this Warrant shall be exercised with respect to less than all
of the Vested Shares, the Holder shall be entitled to receive a new Warrant
covering the number of Vested Shares in respect of which this Warrant shall not
have been exercised, which new Warrant shall in all other respects be identical
to this Warrant. The Company covenants and agrees that it will pay when due any
and all state and federal issue taxes which may be payable in respect of the
issuance of this Warrant or the issuance of any Shares upon exercise of this
Warrant.

         4. Covenants and Conditions. The above provisions are subject to the
following:

                  4.1. Neither this Warrant nor the Shares have been registered
         under the Securities Act of 1933, as amended ("Securities Act"), or any
         state securities laws ("Blue Sky Laws"). This Warrant has been acquired
         for investment purposes and not with a view to distribution or resale
         and may not be sold or otherwise transferred without (i) an effective
         registration statement for such Warrant under the Securities Act and
         such applicable Blue Sky Laws, or (ii) an opinion of counsel, which
         opinion and counsel shall be reasonably satisfactory to the Company and
         its counsel, that registration is not required under the Securities Act
         or under any applicable Blue Sky Laws. Transfer of the Shares and any
         additional shares of Series 2006-B Preferred Stock issued as dividends
         on any Shares (the "Dividend Shares") and any shares of Common Stock
         issued on any conversion of the Shares (the "Underlying Common Stock")
         shall be restricted in the same manner and to the same extent as the
         Warrant and the certificates representing such Shares, Dividend Shares
         or underlying Common Stock shall bear substantially the following
         legend:

                  THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
                  ACT OF 1933 OR ANY STATE SECURITIES LAWS. THEY MAY NOT BE
                  SOLD, OFFERED FOR SALE OR OTHERWISE TRANSFERRED IN THE ABSENCE
                  OF AN EFFECTIVE REGISTRATION STATEMENT OR THE AVAILABILITY OF
                  AN EXEMPTION THEREFROM.

         The Holder hereof and the Company agree to execute such other documents
         and instruments as counsel for the Company reasonably deems necessary
         to effect the compliance of the issuance of this Warrant and any
         Shares, Dividend Shares or Underlying Common Stock with applicable
         federal and state securities laws.

                  4.2. The Company covenants and agrees that all Shares,
         Dividend Shares and Underlying Common Stock which may be issued upon
         exercise of this Warrant or as dividends on the Shares or on conversion
         of the Shares will, upon issuance and payment therefor (if any), be
         legally and validly issued and outstanding, fully paid and
         nonassessable, free from all taxes, liens, charges and preemptive
         rights, if any, with respect thereto or to the issuance thereof. The
         Company shall at all times reserve and keep available for issuance upon
         the exercise of this Warrant such number of authorized but unissued
         shares of Series 2006-B Preferred Stock as will be sufficient to permit
         the exercise in full of this Warrant and issuance of any Dividend
         Shares, as well as an

                                        2
<PAGE>

         adequate number of shares of the Company's common stock to permit
         conversion of such Series 2006-B Preferred Stock into Underlying Common
         Stock.

         5. Transfer of Warrant. Subject to the provisions of Section 4 hereof,
this Warrant may be transferred, in whole or in part, to any person or business
entity, by presentation of the Warrant to the Company with written instructions
for such transfer. Upon such presentation for transfer, the Company shall
promptly execute and deliver a new Warrant or Warrants in the form hereof in the
name of the assignee or assignees and in the denominations specified in such
instructions. The Company shall pay all expenses incurred by it in connection
with the preparation, issuance and delivery of Warrants under this Section.

         6. Warrant Holder Not Shareholder. This Warrant does not confer upon
the Holder, as such, any right whatsoever as a shareholder of the Company.

         7. Miscellaneous.

                  7.1. Good Faith; Cooperation; Further Assurances. The parties
         will in good faith undertake to perform their obligations in this
         Agreement, to satisfy all conditions and to cause the transactions
         contemplated by this Agreement to be carried out promptly in accordance
         with its terms. The parties will cooperate fully with each other and
         their respective representatives in connection with any actions
         required to be taken as part of their respective obligations under this
         Agreement. Each party will deliver to the other such further
         instruments necessary or desirable, in the reasonable opinion of the
         requesting party and at the expense of the requesting party, to
         consummate or document the transactions contemplated by this Agreement.

                  7.2. Entire Agreement; Successors and Assigns. This Agreement
         and the Subordinated Loan Agreement constitute the entire agreement
         between the Company and the Holder relative to the subject matter
         hereof and supersede any previous agreement between the Company and the
         Holder regarding such subject matter. Subject to the exceptions
         specifically set forth in this Agreement, the terms and conditions of
         this Agreement shall inure to the benefit of and be binding upon the
         respective executors, administrators, heirs, successors and assigns of
         the parties.

                  7.3. Governing Law. This Agreement shall be governed by and
         construed in accordance with the laws of the State of Oklahoma without
         regard to the conflicts of laws principles thereof.

                  7.4. Counterparts. This Agreement may be executed in
         counterparts, each of which shall be an original, but all of which
         together shall constitute one and the same instrument.

                  7.5. Headings. The section headings of this Agreement are for
         convenience and shall not by themselves determine the interpretation of
         this Agreement.

                  7.6. Notices. Any notice required or permitted hereunder shall
         be given in writing and shall be conclusively deemed effectively given
         upon personal delivery, or by delivery by overnight courier, or
         telecopy (with confirmation of receipt), or five (5) days

                                        3
<PAGE>

         after deposit in the United States mail, by registered or certified
         mail, postage prepaid, addressed:

                  if to the Company:           Harold's Stores, Inc.
                                               765 Asp
                                               Norman, Oklahoma 73070
                                               Attn: Chief Financial Officer
                                               Telecopy: (405) 366-2538

         and if to the Holder, to the Holder's address as set forth in the first
         paragraph of this Agreement

                  7.7. Survival of Warranties. The representations and
         warranties of the parties contained in or made pursuant to this
         Agreement shall survive for a period of one (1) year from the date of
         the Closing.

                  7.8. Amendment of Agreement. Any provision of this Agreement
         may be amended by a written instrument signed by the Company and the
         Holder.

                  7.9. Finders' Fees.8. The Company and the Holder will
         indemnify each other against all liabilities incurred by one party with
         respect to claims related to investment banking or finders' fees in
         connection with the transactions contemplated by this Agreement,
         arising out of arrangements between the party asserting such claims and
         the indemnifying party, and all costs and expenses (including
         reasonable fees of counsel) of investigating and defending such claims.

                         [signatures on following page]

                                        4
<PAGE>

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

                         "COMPANY"

                         HAROLD'S STORES, INC.

                         By: /s/ Jodi L. Taylor
                             ---------------------------------------
                         Name: Jodi L. Taylor
                               -------------------------------------
                         Title: Chief Financial Officer & Secretary
                                ------------------------------------

                         "RONHOW"

                         RONHOW, LLC, a Georgia limited liability company

                         By: Ronus, Inc., a Georgia corporation, Managing Member

                         By: /s/ Robert L. Anderson
                             ---------------------------------------
                             Robert L. Anderson, President

                   [Signature Page to Stock Purchase Warrant]

                                        5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]