Document:

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                                                                   EXHIBIT 10.19

           MERRILL LYNCH PLEDGED COLLATERAL ACCOUNT CONTROL AGREEMENT

INSTRUCTIONS: COMPLETE BOXES A, B, C AND NAMES AND ADDRESSES AND SIGN BELOW

1.   THE PARTIES
The Parties to this agreement ("Agreement") are:

MORTON'S RESTAURANT GROUP, INC., a Delaware Corporation (the "Client")

and

WELLS FARGO FOOTHILL, INC., a California Corporation, on its own behalf and as
agent for various parties designated in the indenture entered into by the Client
on July 7, 2003 (the "Indenture") (the "Creditor")

and

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED ("Merrill Lynch").

The undersigned agree and acknowledge that Merrill Lynch is not a party to the
Indenture nor does it have any duty or responsibility to know or ascertain the
terms of the Indenture or to verify that any terms or requirements of the
Indenture are being met.

2. THE PLEDGED ACCOUNT

BOX A
Client has granted Creditor a security interest in Merrill Lynch account
176-07877 ("Account") pursuant to a separate Security Agreement between Client
and Creditor.

If the Account will be a new Merrill Lynch account, Client hereby instructs
Merrill Lynch to transfer the assets listed in Exhibit A to the Account. The
Account shall be maintained as a cash securities account, and will be titled
"[Name of Client] Pledged Collateral Account for [Name of Creditor]."

The purpose of this Agreement is to perfect the Creditor's security interest in
the Account by granting Creditor control over the Account; however, this
Agreement does not create Creditor's security interest in the Account inasmuch
as Client and Creditor have a separate Security Agreement for that purpose.

Client has not granted a security interest in the Account to any party other
than Creditor, except for Merrill Lynch's broker lien referenced in section 7
and any lien for service fees to an Investment Manager or Agent named in Box B
in section 4. Merrill Lynch has not entered into a Control Agreement with
respect to the Account with any other party and agrees that it will not do so
while this Agreement is in effect. The manager signing this Agreement on behalf
of Merrill Lynch hereby represents, to the best of his or her knowledge, that no
person other than Client, Creditor, Merrill Lynch and any Investment Manager or
Agent named in Box B in section 4 has any claim, lien or interest in the Account
or the assets in the Account.

All assets in the Account will be treated as financial assets under Article 8 of
the New York Uniform Commercial Code.

3.   EXCLUDED ASSETS
Client and Creditor acknowledge that the following assets are not covered by
this Agreement even if shown, for information purposes, on a periodic account
statement for the Account, because Merrill Lynch is not the legal custodian of
such assets: money market deposit account (MMDA) balances, shares of ML Ready
Assets Trust, USA Government and USA Treasury money market funds and of the
Merrill Lynch Institutional Funds, non-listed limited partnership interests,
annuities and life insurance contracts, and precious metals. Merrill Lynch will
not be responsible for assuring that any of these assets are not acquired with
assets from the Account.

4. CLIENT'S AUTHORITY OVER THE ACCOUNT
Unless Creditor has delivered to Merrill Lynch a Notice of Exclusive Control
pursuant to section 6 that has not been terminated by a subsequent Exclusive
Control Termination Notice delivered to Merrill Lynch pursuant to section 6,
Client will have full authority to give instructions with respect to assets in
the Account without written consent by Creditor. Client's authority with respect
to the Account will be governed by the terms of boxes B and C, which authority
Creditor may revoke at any time by delivering a Notice of Exclusive Control to
Merrill Lynch pursuant to section 6 and may restore at any time thereafter by a
subsequent Termination of

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Exclusive Control Notice delivered to Merrill Lynch pursuant to section 6.

BOX B
IS CLIENT PERMITTED TO TRADE IN THE ACCOUNT?
/X/ YES  / / NO
IF YES, except as otherwise provided in section 6, Merrill Lynch may comply with
any trading instructions from Client or the Investment Manager or Agent named
below without further consent by Creditor.

-----------------------------------------------------------------------
Print name of Investment Manager or Agent designated by separate power of
attorney or equivalent document on file with Merrill Lynch

BOX C
CLIENT IS PERMITTED TO WITHDRAW ASSETS FROM THE ACCOUNT, UP TO AND INCLUDING THE
ENTIRE VALUE OF THE ACCOUNT.

If an Investment Manager or Agent is named in Box B, Creditor agrees that the
assets in the Account are subject to Client's agreement with such manager or
agent and that periodic payment of normal advisory and service fees from assets
in the Account pursuant to such an agreement is permitted without consent of
Creditor.

5.   CONTROL BY CREDITOR
After receipt of a Notice of Exclusive Control pursuant to section 6 below, and
until such time as Creditor provides an Exclusive Control Termination Notice to
Merrill Lynch pursuant to section 6 below, Merrill Lynch agrees to comply with
any instructions it receives from Creditor to transfer, sell, redeem, close open
trades or otherwise liquidate any assets in the Account (including instructions
to transfer assets directly to, or into an account in the name of, Creditor),
without further consent by Client. All instructions to transfer assets from the
Account must be in writing. If Creditor is an entity, Merrill Lynch is
authorized to take instructions from any person Merrill Lynch reasonably
believes represents Creditor.

6.   NOTICE OF EXCLUSIVE CONTROL
Creditor may at any time deliver to Merrill Lynch a "Notice of Exclusive
Control" substantially in the form of Exhibit B. Delivery to Merrill Lynch shall
occur if the Notice is sent by fax, addressed to the Managing Director, with
separate duplicates being also faxed to the Branch Administrative Manager and
the Service Manager, with receipt of all three faxes confirmed by telephone, and
the original mailed or delivered to the office servicing the Account as
indicated on the account statement. Within two business days following receipt
of such notice in that manner by all of those recipients, Merrill Lynch will
cease complying with trading instructions from, or on behalf of, Client with
respect to the Account, and refuse to accept any other instructions from Client
intended to exercise any authority with respect to the Account until such time
as Creditor delivers an "Exclusive Control Termination Notice" substantially in
the form of Exhibit C.

7.   PRIORITY OF CREDITOR'S SECURITY INTEREST
So long as this Agreement is in effect, Merrill Lynch subordinates in favor of
Creditor any security interest, lien, or right of setoff it may have, now or in
the future, against assets in the Account, except Merrill Lynch may retain a
prior lien on assets in the Account to secure payment for assets purchased for
the Account and to collect normal commissions and service fees.

8.   DUPLICATE STATEMENTS AND CONFIRMATIONS
Merrill Lynch will send Creditor duplicate copies of periodic account statements
and trade confirmations, if any, contemporaneously with those sent to Client.

9.   RESPONSIBILITY AND PROTECTION OF MERRILL LYNCH
Except for permitting a transfer of assets from the Account in violation of
section 4, Merrill Lynch will not be liable to Creditor for complying with
instruc-tions from Client that are received by Merrill Lynch before Merrill
Lynch receives a Notice of Exclusive Control in accordance with section 6.
Merrill Lynch will not be liable to Client for complying with a Notice of
Exclusive Control or any instructions received from any person Merrill Lynch
reasonably believes represents Creditor. Merrill Lynch has no duty to
investigate whether Creditor is authorized under the Security Agreement to give
such Notice of Exclusive Control or such instructions.

Client hereby agrees to indemnify and hold harmless Merrill Lynch, its officers,
directors, employees and

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agents, and any Investment Manager or Agent named in Box B in section 4, against
claims, liabilities and expenses arising out of maintenance of the Account
pursuant to this Agreement (including reasonable attorneys' fees), except if
such claims, liabilities or expenses are caused solely by Merrill Lynch's or
such manager's or agent's gross negligence or willful misconduct, respectively.

Creditor hereby agrees to indemnify and hold harmless Merrill Lynch, its
officers, directors, employees and agents, and any Investment Manager or Agent
named in Box B in section 4, against claims, liabilities and expenses (including
reasonable attorneys' fees) arising out of Merrill Lynch's compliance with any
instructions from Creditor with respect to the Account except if such claims,
liabilities or expenses are caused solely by Merrill Lynch's or such manager's
or agent's gross negligence or willful misconduct, respectively.

This Agreement does not create any obligations for Merrill Lynch except for
those expressly set forth in this Agreement.

10.  TERMINATION; SURVIVAL
Creditor may terminate this agreement by written notice to Merrill Lynch.
Merrill Lynch may terminate this agreement on thirty (30) days written notice to
Creditor and Client. Upon (i) notification by Creditor to Merrill Lynch that
Creditor's security interest in the Account has terminated, or (ii) termination
of the Account, this Agreement will automatically terminate; provided, however,
that Client may not terminate the Account without the prior written consent of
the Creditor. Section 9, "Responsibility and Protection of Merrill Lynch," will
survive termination of this Agreement.

11.  EFFECT OF AGREEMENT
Client and Creditor agree that this Agreement supplements the applicable Merrill
Lynch account agreement with respect to the Account, and any related agreement
if the Account is a managed account under a Merrill Lynch advisory program with
a manager named in Box B, and that it does not abridge any rights that Merrill
Lynch might otherwise have, except as provided in section 7. If there is any
inconsistency between this Agreement and such Merrill Lynch account agreements
this Agreement will control. The Parties also acknowledge that there are no
other understandings or agreements with Merrill Lynch concerning the Account
except for this Agreement, the Merrill Lynch account agreements and any
agreement with an Investment Manager or Agent named in Box B to which Merrill
Lynch may be a party.

12.  GOVERNING LAW
THIS AGREEMENT AND THE ACCOUNT WILL BE GOVERNED BY THE INTERNAL LAWS OF THE
STATE OF NEW YORK WITH RESPECT TO INTERPRETATION AND ENFORCEMENT.

13.  AMENDMENTS
No amendment of, or waiver of a right under, this Agreement will be binding
unless it is in writing and signed by the party to be charged.

14.  SEVERABILITY
To the extent a provision of this Agreement is unenforceable, this Agreement
will be construed as if the unenforceable provision were omitted.

15.  SUCCESSORS AND ASSIGNS OF CREDITOR
A successor to or assignee of Creditor's rights and obligations under the
Security Agreement between Creditor and Client will succeed to Creditor's rights
and obligations under this Agreement.

SIGNATURES                                 ADDRESSES

CLIENT:

    Thomas J. Baldwin                          3333 New Hyde Park Road
-------------------------------------      --------------------------------
PRINT  NAME
    /s/ Thomas J. Baldwin    9/3/03            New Hyde Park, NY
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SIGNATURE                        DATE
    EVP - CFO                                                         11042
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TITLE (IF APPLICABLE)

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CREDITOR:

    Sandy Martinez                             Wells Fargo Foothill Inc.
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PRINT NAME*
    /s/ Sandy Martinez      8/22/03            2450 Colorado Ave. #3000W
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SIGNATURE                        DATE
     Vice President                            Santa Monica, Ca 90404
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TITLE (AN AUTHORIZED OFFICER)

* This is the name to whom periodic account statements and trade confirmations
will be addressed unless another officer's name is provided to Merrill Lynch for
this purpose.

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED:

    Salvatore Campione
-------------------------------------
PRINT NAME

Address is the address servicing the Account as indicated on account statement.

    /s/ Salvatore Campione   9/12/03
-------------------------------------
SIGNATURE                       DATE

MANAGING DIRECTOR (OR DESIGNEE)

Notice Information:

Name of Managing Director: Luis Marino
Telephone Number of Managing Director: 212-907-6880
Fax Number of Managing Director: 212-907-7610

Name of Branch Administrative Manager: Tony Campbell
Telephone Number of Branch Administrative Manager: 212-907-7711
Fax Number of Branch Administrative Manager: 646-805-0255

Name of Service Manager: Lydia Nunez
Telephone Number of Service Manager: 212-907-7617
Fax Number of Service Manager: 646-805-2684

THIS AGREEMENT MAY BE EXECUTED IN COUNTERPARTS, BUT THE PREPARER SHOULD PROVIDE
THE COMPLETED ORIGINAL TO MERRILL LYNCH WITH SIGNED PHOTOCOPY COUNTERPARTS
PROVIDED TO CLIENT AND CREDITOR.

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                                                     ACCOUNT NO. _______________

                                    EXHIBIT A

             Use Exhibit A to list the assets to be transferred into
                  the Merrill Lynch Pledged Collateral Account.

(Note: If an existing managed account, such as a ML Consults(R), Mutual Fund
Advisor or other managed account, is being pledged, please attach a copy of the
most recent monthly account statement and write "See attached statement" below.)

<Table>
<Caption>
               QUANTITY                        DESCRIPTION
  <S>                           <C>
  Assets to be transferred into the Merrill Lynch Pledged Collateral Account will initially consist of cash.

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</Table>

                                                                  Code 1226-0198

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                                    Exhibit B

                       SAMPLE NOTICE OF EXCLUSIVE CONTROL

                            [Letterhead of Creditor]

Note: This notice must be sent by fax, addressed to the Managing Director, with
separate duplicates being also faxed to the Branch Administrative Manager and
the Service Manager, with receipt of all three faxes confirmed by telephone, and
the original mailed or delivered to the office servicing the Account as
indicated on the account statement.)

Date: _______________

To:   Managing Director
      Merrill Lynch, Pierce, Fenner & Smith Inc.

      --------------------------------

      --------------------------------

      --------------------------------
        (INSERT ADDRESS OF MERRILL LYNCH OFFICE SERVICING ACCOUNT AS INDICATED
 ON ACCOUNT STATEMENT)

RE:   Pledged Collateral Account number ____________________ in the name of
"____________________ Pledged Collateral Account for _____________________"
    NAME OF CLIENT                                     NAME OF CREDITOR

This is to notify Merrill Lynch that the above-referenced pledged collateral
account ("Account") is now under the exclusive control of Creditor named above.
Merrill Lynch is hereby instructed to cease complying with trading instructions
given by or on behalf of Client (named above) relating to said Account, to cease
distributing interest and regular cash dividends earned on property in the
Account, and to refuse to accept any other instructions from Client intended to
exercise any authority with respect to the Account unless instructed by the
undersigned on behalf of Creditor.

Creditor warrants to Merrill Lynch that this Notice of Exclusive Control is
lawful and authorized by the Security Agreement between Client and Creditor.

All future instructions on the Account shall be given solely by the undersigned
on behalf of Creditor unless further evidence of authority is provided to
Merrill Lynch.

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PRINT NAME

--------------------------------------
SIGNATURE                         DATE

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TITLE (AN AUTHORIZED OFFICER)

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                                    Exhibit C

                   SAMPLE EXCLUSIVE CONTROL TERMINATION NOTICE

                            [Letterhead of Creditor]

Note: This notice must be sent by fax, addressed to the Managing Director, with
separate duplicates being also faxed to the Branch Administrative Manager and
the Service Manager and the original mailed or delivered to the office servicing
the Account as indicated on the account statement.)

Date: _______________

To:   Managing Director
      Merrill Lynch, Pierce, Fenner & Smith Inc.

      --------------------------------

      --------------------------------

      --------------------------------
        (INSERT ADDRESS OF MERRILL LYNCH OFFICE SERVICING ACCOUNT AS INDICATED
ON ACCOUNT STATEMENT)

RE:   Pledged Collateral Account number ____________________ in the name of
"____________________ Pledged Collateral Account for _____________________"
    NAME OF CLIENT                                     NAME OF CREDITOR

This is to notify Merrill Lynch that the above-referenced pledged collateral
account ("Account") is no longer under the exclusive control of Creditor named
above. Merrill Lynch is hereby instructed to resume complying with trading and
other instructions given by or on behalf of Client (named above) relating to
said Account in accordance with the Merrill Lynch Pledged Collateral Account
Control Agreement dated ________ governing the Account.

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PRINT NAME

--------------------------------------
SIGNATURE                         DATE

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TITLE (AN AUTHORIZED OFFICER)<Page>

                                                                   EXHIBIT 10.20

                             IRREVOCABLE ASSIGNMENT

September 10, 2003

Mr. Patrick H. Volpe
General Manager, Risk Management
Paymentech, LP
4 Northeastern Boulevard
Salem, New Hampshire 03079

Re:  MORTON'S RESTAURANT GROUP, INC. (the "Company")

Dear Mr. Volpe:

Paymentech, LP ("Processor") has entered into arrangements pursuant to which
Processor acts as credit card processing service provider with respect to
certain credit card and debit card sales by the Company and makes payments to
the Company in respect of such sales as set forth in the Credit Card Processing
Service Agreement, by and between Processor and Company (and together with any
replacement agreement thereto, referred to herein as the " Credit Card
Processing Service Agreement").

Please be advised that (a) the Company has (i) entered or is about to enter into
financing arrangements with Wells Fargo Foothill, Inc. ("Lender") pursuant to
which Lender may from time to time make loans and advances and provide other
financial accommodations to the Company under a Loan and Security Agreement by
and between the Company and Lender (the "Loan and Security Agreement") and (ii)
entered into an indenture dated July 7, 2003 (the "Indenture" and, together with
the Loan and Security Agreement, the "Debt Documents"), with certain
subsidiaries of the Company and The Bank of New York, as collateral agent (in
such capacity, "Collateral Agent") for the benefit of itself, the Trustee and
the holders of the notes issued thereunder and as trustee, pursuant to which it
has, and may from time to time in the future issue notes, which loans, advances
and other financial accommodations and notes are secured by, among other things,
all of the Company's right, title and interest in and to all deposit and other
bank accounts and proceeds of the foregoing, including all amounts at any time
payable by Processor to the Company pursuant to the Credit Card Processing
Service Agreement or otherwise and (b) the Lender has agreed to act as agent (in
such capacity, "Agent") for itself, such other lenders and Collateral Agent
pursuant to the Loan and Security Agreement and the

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Paymentech, LP
September 10, 2003
Page 2

Intercreditor Agreement (as defined therein).

Company and Agent acknowledge that all remittances from Paymentech to Company
are subject to the rights of Paymentech under the Credit Card Processing
Services Agreement between Paymentech and Company, including Paymentech's setoff
rights for fees, chargebacks or adjustments due from Company. Further, Company
confirms to Paymentech that nothing contained in this letter impairs in any way
Paymentech's rights to debit the bank accounts for said fees, chargebacks or
adjustments.

Notwithstanding anything to the contrary contained in the Card Processing
Agreement or any prior instructions to Processor, unless and until Processor
receives written instructions from Agent to the contrary, effective as of the
day after the date of Processor's written acknowledgment below indicated of
Irrevocable Assignment, all amounts payable by Processor to the Company pursuant
to the Credit Card Processing Service Agreement or otherwise, shall be sent by
federal funds wire transfer or electronic depository transfer to the following
bank account of Borrower, owned and controlled by Agent:

                       LaSalle Bank National Association
                       135 South LaSalle Street
                       Chicago, Illinois  60603
                       ABA# 071000505
                       Credit to: Morton's Restaurant Group, Inc.
                       Account No.: 5590039615

In the event Processor at any time receives any other instructions from Agent
with respect to the disposition of amounts payable by or through Processor to
the Company pursuant to the Credit Card Processing Service Agreement or
otherwise, Processor is hereby irrevocably authorized and directed to follow
such instructions, without inquiry as to Agent's right or authority to give such
instructions. Company and Agent acknowledge that (a) any instructions from Agent
to Processor to change the account to which funds must be sent by a vice
president or other officer of Agent to Paymentech LP, Attention: Patrick Volpe;
(b) such instructions shall only provide for funds to be sent to a single
deposit account of Agent, in a manner with respect to the nature of the funds
transfer and at times consistent with the payment practices of Processor as then
in effect, unless otherwise agreed by Processor. The Company agrees to hold
harmless Processor for any action taken by Processor in accordance with the
terms of this Irrevocable Assignment and the Credit Card Processing Service
Agreement; and Agent shall complete such account change forms as Processor may
require. The Company hereby acknowledges that the account set forth above is
owned by Agent.

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Paymentech, LP
September 10, 2003
Page 3

In the event that Processor terminates the Credit Card Processing Services
Agreement with the Company, Company will use reasonable efforts to provide Agent
with notice of said termination. In the event that an Event of Default has
occurred and is continuing under and as defined in any Debt Document, Agent
agrees to provide Processor with written notice of said default; PROVIDED,
HOWEVER, that (a) the failure by Agent to provide any such notice shall not
relieve any other party of any of its obligations hereunder and (b) Agent shall
only be obligated to provide such notice with respect to the occurrence of an
Event of Default under and as defined in the Indenture solely to the extent it
receives written notice as to the same from Collateral Agent.

Agent and the Company hereby confirm and agree as follows: (i) the Credit Card
Processing Service Agreement is in full force and effect, and (ii) this
Irrevocable Assignment does not prohibit or limit any rights Processor possesses
under the Credit Card Processing Service Agreement, including but not limited to
Processor's right to debit, offset or charge back any amounts owing to Processor
under the Credit Card Processing Service Agreement or any replacement renewal
thereof, against funds sent to or to be sent to the above referenced bank
account.

This Irrevocable Assignment cannot be changed, modified, or terminated, except
by written agreement signed by Agent, Company and Processor; PROVIDED, that (i)
upon written notice by Agent to Processor of its assignment of all of its rights
and obligations hereunder to Collateral Agent, Collateral Agent shall be deemed
to be the Agent from the date of Processor's receipt of such notice, and (ii)
this Irrevocable Assignment shall automatically terminate upon the termination
of the Credit Card Processing Service Agreement, provided, that the Credit Card
Processing Service Agreement may not be terminated by the Company without the
prior written consent of the Agent.

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Paymentech, LP
September 10, 2003
Page 4

Please acknowledge your receipt of, and agreement to, the foregoing by signing
in the space provided below.

Sincerely,

MORTON'S RESTAURANT GROUP

By:   /s/ Thomas J. Baldwin
   -------------------------------
         Thomas J. Baldwin
Title:   EVP & CFO

Acknowledged And Agreed:

WELLS FARGO FOOTHILL, INC., as Agent

By:     /s/ Sandy Martinez
   ------------------------------
        Sandy Martinez
Title:  VP, Treasury Manager
Dated:  8/25/03

Acknowledged And Agreed:

PAYMENTECH, LP

By:     /s/ Patrick Volpe
   ------------------------------
        Patrick H. Volpe
Title:  General Manager, Risk Management
Dated:

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