Document:

EXHIBIT 10.1

                             STOCKHOLDERS AGREEMENT

      This STOCKHOLDERS AGREEMENT (this "Agreement") is made and entered into as
of December 18, 2006 by and among FOH Holdings, Inc., a Delaware corporation
(the "Company"), Movie Star, Inc., a New York corporation ("Parent"), Tokarz
Investments, LLC, a Delaware limited liability company ("TI"), Fursa Alternative
Strategies LLC (formerly known as Mellon HBV Alternative Strategies LLC, a
Delaware limited liability company ("Fursa"), Fursa's affiliated and/or managed
funds and accounts listed on paragraph (a) of Schedule 1 hereto (the "Fursa
Managed Accounts" and, together with TI, the "Stockholders," and individually, a
"Stockholder"), Fursa SPV LLC, a Delaware limited liability company and Fursa
Master Rediscovered Opportunities Fund L.P., a Delaware limited partnership.
Capitalized terms used and not otherwise defined herein shall have the
respective meanings set forth in the Merger Agreement described below.

                                    RECITALS

      WHEREAS, pursuant to the Agreement and Plan of Merger and Reorganization
dated as of the date hereof by and among Parent, Fred Merger Corp., a Delaware
corporation and a wholly-owned subsidiary of Parent ("Merger Sub"), and the
Company (such agreement as it may be amended, is hereinafter referred to as the
"Merger Agreement"), Parent has agreed to acquire the outstanding securities of
the Company pursuant to a merger of Merger Sub with and into the Company (the
"Merger") in which each outstanding share of Company Common Stock will be
converted into the right to receive Merger Consideration as set forth in the
Merger Agreement; and

      WHEREAS, the execution and delivery of this Agreement by the Stockholders
is a condition to the consummation of the Merger under the Merger Agreement.

      NOW, THEREFORE, the parties agree as follows:

      1.    Shares.

            1.1   Ownership of Shares. Each Stockholder represents and warrants
to Parent that: (i) in the case of TI, such Stockholder is, and in the case of
the Fursa Managed Accounts, the Stockholders included therein in the aggregate
are, (and will be until the Expiration Date, unless Transferred (as defined
below) pursuant to Section 1.3), the registered and beneficial owner(s) of such
number of issued and outstanding shares of Company Common Stock as is indicated
on Schedule 1 hereto (the "Shares") with full and sole power to vote or direct
the voting of all Shares; (ii) the Shares constitute such Stockholder's entire
interest in the outstanding capital stock and voting securities of the Company;
and (iii) the Shares are held by such Stockholder free and clear of any Liens. A
Person shall be deemed to have effected a "Transfer" of a security if such
Person directly or indirectly (i) sells, pledges, encumbers, grants an option
with respect to, transfers or otherwise disposes of such security or any
interest therein (including any voting interest), or (ii) enters into an
agreement or commitment providing for the sale of, pledge of, encumbrance of,
grant of an option with respect to, transfer of or disposition of such security
or any interest therein. As used herein, the term "Expiration Date" shall mean

the earlier to occur of (i) the Effective Time or (ii) termination of the Merger
Agreement in accordance with the terms thereof.

            1.3   No Transfers of Shares. Each Stockholder hereby agrees that,
at all times during the period commencing with the execution and delivery of
this Agreement until the Expiration Date, except for a Transfer under the Merger
Agreement, such Stockholder shall not cause or permit any Transfer of any of the
Shares to be effected, or discuss, negotiate or make any offer regarding any
Transfer of any of the Shares without the prior written consent of Parent's
independent directors, provided that, notwithstanding the foregoing, subject to
Section 10.2, a Stockholder shall not be restricted from effecting a Transfer of
any Shares to any member of such Stockholder's immediate family, to a trust for
the benefit of such Stockholder and/or any member of the Stockholder's immediate
family, any of such Stockholder's Affiliates or any other person managed fund or
managed client account over which such Stockholder exercises investment
authority, including without limitation, with respect voting and dispositive
rights. For purposes of this Agreement, "immediate family" means the
Stockholder's spouse, parents, siblings, children or grandchildren.

            1.4   No Transfer of Voting Rights. Each Stockholder hereby agrees
that, at all times commencing with the execution and delivery of this Agreement
until the Expiration Date, such Stockholder shall not deposit, or permit the
deposit of, any Shares in a voting trust, grant any proxy in respect of the
Shares, or enter into any voting agreement or similar arrangement or commitment
with respect to any of the Shares (other than, in each case, this Agreement).

      2.    No Solicitation. During the period from the date of this Agreement
through the Expiration Date the Stockholders shall not, and shall not direct,
authorize or permit any of their respective officers, directors, employees,
agents, advisors, Affiliates and other representatives, (such Persons,
collectively the "Representatives"), and shall direct and use its best
reasonable efforts to cause the Representatives not to, directly or indirectly,
(a) initiate, solicit or encourage (including by way of providing information)
the submission of any inquiries, proposals or offers or any other efforts or
attempts that constitute or may reasonably be expected to lead to, any Company
Acquisition Proposal or engage in any discussions or negotiations with respect
thereto or otherwise cooperate with or assist or participate in, or facilitate
any such inquiries, proposals, discussions or negotiations or (b) accept a
Company Acquisition Proposal or enter into any agreement or agreement in
principle providing for or relating to a Company Acquisition Proposal or enter
into any agreement or agreement in principle requiring the Company to abandon,
terminate or fail to consummate the transactions contemplated by the Merger
Agreement or breach its obligations thereunder. The Stockholders shall
immediately cease and cause to be terminated any existing solicitation,
encouragement, discussion or negotiation with any Persons conducted theretofore
by the Stockholders or any Representatives with respect to any Company
Acquisition Proposal.

      3.    Merger Consideration; Indemnification Claims. Each Stockholder
acknowledges and agrees that, in accordance with the terms of the Merger
Agreement, such Stockholder will receive as Merger Consideration, the Effective
Time Shares and the Company Supplemental Distribution Shares (together with cash
in lieu of fractional shares of Parent Common Stock, if any, as specified in the
Merger Agreement) and that the Company Escrowed Shares are being placed in
escrow as the sole, exclusive and maximum recourse for each and every claim,

                                        2

liability, obligation, loss, damage, deficiency, assessment, encumbrance,
judgment, cost, expense (including, without limitation, reasonable attorneys'
fees and costs and other expenses incurred by any Parent Indemnified Person in
investigating, preparing, defending against or prosecuting any litigation or
claim, action, suit, proceeding or demand), of any kind or character arising out
of or resulting from any breach of any representation, warranty, covenant,
agreement or certification made by or on behalf of the Company in the Merger
Agreement or pursuant to a Sales Tax Claim and such Stockholder agrees to the
provisions of Section 4.2, 4.3 and Article X of the Merger Agreement as if such
Stockholder was a party thereto. Pursuant to Section 4.1 of this Agreement, each
Stockholder is appointing the Company Stockholder Representatives to execute and
deliver on its behalf the Escrow Agreement substantially in the form attached as
Exhibit A (the "Escrow Agreement") and to act on its behalf in connection with,
among other things, all matters under the Escrow Agreement, including, without
limitation, the resolution of all indemnification claims under the Merger
Agreement.

      4.    Stockholder Representatives.

            4.1   Each Stockholder hereby irrevocably constitutes and appoints
Patrick Brennan and Michael Tokarz as its joint representatives (the "Company
Stockholder Representatives") and its true and lawful attorneys in fact, with
full power and authority (coupled with interest) in each of their names and on
behalf of each of them:

                  a)    to, as applicable, act on behalf of each of them with
      respect to any provisions of this Agreement, the Merger Agreement, the
      Escrow Agreement or any other agreement contemplated hereby or thereby;
      and

                  b)    in general, to, as applicable, do all things and to
      perform all acts, including executing and delivering all agreements,
      certificates, receipts, instructions and other instruments contemplated by
      or deemed advisable to effectuate the provisions of this Section 4.1.

            4.2   Parent and the Escrow Agent shall be entitled to rely upon any
document or other paper delivered by the Company Stockholder Representatives as
(i) genuine and correct and (ii) having been duly signed or sent by the Company
Stockholder Representatives, and neither Parent nor such Escrow Agent shall be
liable to any Stockholder for any action taken or omitted to be taken by Parent
or such Escrow Agent in such reliance. In the event of death, disability or
resignation of a Company Stockholder Representative, Parent and the Escrow Agent
shall be entitled to rely on any and all actions of the remaining Company
Stockholder Representative, until such time as they receive notice of the
appointment of a new Company Stockholder Representative, which appointment shall
require the mutual consent of Fursa, acting on behalf of the Fursa Managed
Accounts, on the one hand, and TTG on the other.

      5.    Mutual Releases. On or before the Effective Time, each Stockholder,
on the one hand, and the Company, on the other hand, shall duly execute and
deliver in favor of the other, releases in the form of Exhibit B.

                                        3

      6.    Mellon HBV Debt Holders Covenants.

            6.1   Each of Fursa SPV LLC and Fursa Master Rediscovered
Opportunities Fund L.P. (collectively, the "Fursa Debt Holders"), in its
capacity as lenders under the Amended and Restated Tranche A/B and Tranche C
Term Loan Agreement, dated June 30, 2005, among the Credit Parties named therein
and the Fursa Debt Holders, as amended by that Amendment No. 1, dated July 20,
2005 and Amendment No. 2 dated November 23, 2005 among the Credit Parties named
therein and the Fursa Debt Holders (the "Fursa Debt Agreement") hereby consents
to the Merger and all of the transactions contemplated by the Merger Agreement
and waives (i) any future event of default that may exist as of the Effective
Date under the Fursa Debt Agreement solely as a result of the Merger and the
transactions contemplated by the Merger Agreement, including without limitation,
any breach of the negative covenants contained in Article VIII and Section 4.14
of the Fursa Debt Agreement, (ii) any right to notices it may have under any of
the provisions in the Fursa Debt Agreement solely as a result of the Merger and
the transactions contemplated by the Merger Agreement, and (iii) any prepayment
penalties owed on the Fursa Debt Agreement in connection with a prepayment for
amounts owed thereunder as a consequence of a refinancing of such debt or the
cancellation of such debt pursuant to Section 6.2 herein.

            6.2   The Fursa Debt Holders hereby agree that concurrently with the
consummation of the transactions contemplated under the Merger Agreement, they
shall cancel a portion of the total outstanding indebtedness under the Mellon
Debt Agreement (the "Fursa Debt") held by them as of the Effective Date in the
aggregate amount of $7,500,000 in exchange for receiving from Parent that number
of shares of Parent's Series A 7.5% Convertible Preferred Stock ("Preferred
Stock") equal to the quotient obtained by dividing 7,500,000 by the average
daily closing price of the shares of the Parent Common Stock, for the twenty
(20) trading days immediately preceding the record date of the Rights Offering,
which shares of Preferred Stock shall have the rights and preferences set forth
in Parent's Restated Certificate of Incorporation.

            6.3   The Fursa Debt Holders and TI further agree that in the event
that as of the Effective Time there are any amounts outstanding under the Fursa
Debt Agreement, the management fee set forth in Section 11.3 of the Fursa Debt
Agreement and any other management or services fees related to, or arising out,
of the Fursa Debt Agreement shall be terminated as of the Effective Time.

      7.    Representations, Warranties and Covenants of Fursa and each
Stockholder. Except for the representations and warranties set forth in Section
7 (d), which shall be given by Fursa and the Fursa Managed Accounts only, Fursa
and each Stockholder further represents, warrants and covenants to the Company
as follows:

            (a)   Such Person has full power and legal capacity to execute and
deliver this Agreement, to perform its obligations hereunder and to consummate
the transactions contemplated hereby. This Agreement has been duly and validly
executed and delivered by such Person and constitutes the valid and binding
obligation of such Person, enforceable against such Person in accordance with
its terms, except as may be limited by (i) the effect of any applicable
bankruptcy, insolvency, reorganization, moratorium and similar laws relating to
or affecting the rights of creditors generally and (ii) the effect of equitable
principles of general application.

                                        4

Except as may be limited by (i) the effect of any applicable bankruptcy,
insolvency, reorganization, moratorium and similar laws relating to or affecting
the rights of creditors generally and (ii) the effect of equitable principles of
general application, the execution and delivery of this Agreement by such Person
does not, and the performance of such Stockholder's obligations hereunder will
not, result in any breach of or constitute a default (or an event that with
notice or lapse of time or both would become a default) under, or give to others
any right to terminate, amend, accelerate or cancel any right or obligation
under, or result in the creation of any Lien on any Shares pursuant to, any
note, bond, mortgage, indenture, contract, agreement, lease, license, permit,
franchise or other instrument or obligation to which such Person is a party or
by which the Person or the Shares are or will be bound or affected.

            (b)   Such Stockholder will vote the Shares as to which such
Stockholder has voting control, in favor of the transactions contemplated by the
Merger Agreement and shall not withdraw or change such vote prior to the
Expiration Date.

            (c)   Such Stockholder is an "accredited investor" within the
meaning of Rule 501(a) of Regulation D under the Securities Act, has sufficient
knowledge and experience in financial and business matters so as to be capable
of evaluating the merits and risks of its investment in Parent Common Stock, and
is capable of bearing the economic risks of such investment. Such Stockholder is
acquiring the shares of Parent Common Stock issuable in the Merger for
investment for its own account and not with a view toward or for sale in
connection with any distribution thereof, or with any present intention of
distributing or selling such stock. Such Stockholder acknowledges that (i) the
shares of Parent Common Stock to be issued in connection with the Merger have
not been and will not be registered under the Securities Act and are being
issued in a transaction exempt from registration under the Securities Act and
(ii) the shares of Parent Common Stock issuable in the Merger may not be sold,
transferred, offered for sale, pledges, hypothecated or otherwise disposed of
without registration under the Securities Act, except pursuant to an exemption
from such registration available under the Securities Act.

            (d)   Fursa is, and during the effectiveness of the agreements set
forth in this Section 7(d) will be, duly authorized to act for and on behalf of
each of the Fursa Managed Accounts regarding the subject matter of this
Agreement, the Merger Agreement, the Registration Rights Agreement, the Company
Stockholders Agreement, the Shareholders Agreement and the Escrow Agreement and
has and shall have the authority to bind the Fursa Managed Accounts and their
permitted transferees and assignees at all times.

      8.    Additional Documents. Each Stockholder and Fursa hereby covenants
and agrees to execute and deliver any additional documents necessary or
desirable to carry out the purpose and intent of this Agreement, the Merger
Agreement or any other agreement contemplated hereby or thereby.

      9.    Confidentiality. Each Stockholder and Fursa agrees (i) to hold any
information regarding this Agreement and the transactions contemplated by the
Merger Agreement in strict confidence, and (ii) not to divulge any such
information to any third person, except as required by law or legal process or
to the extent any of the same is hereafter publicly disclosed by Parent.

                                        5

      10.   Miscellaneous.

            10.1  Severability. If any term, provision, covenant or restriction
of this Agreement is held by a court of competent jurisdiction to be invalid,
void or unenforceable, then the remainder of the terms, provisions, covenants
and restrictions of this Agreement shall remain in full force and effect and
shall in no way be affected, impaired or invalidated.

            10.2  Binding Effect and Assignment. This Agreement and all of the
provisions hereof shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and permitted assigns. This agreement, or
a Stockholder's obligations hereunder, may be assigned, delegated or
transferred, in whole or in part, by a Stockholder to any Affiliate (as defined
in Rule 12b-2 under the Securities Exchange Act of 1934) of such Stockholder or
to any other Person, managed fund or managed client account over which such
Stockholder or any of its Affiliates exercises investment authority, including,
without limitation, with respect to voting and dispositive rights, to which
Shares have been transferred pursuant to Section 1.3, provided, that any such
assignee, shall, as a condition to the effectiveness of any such Transfer and
assignment hereunder, assume within five Business Days (as such term is defined
in the Merger Agreement) of any such assignment, the obligations of such
Stockholder hereunder and agree in writing to be bound by the terms of this
Agreement in the same manner as such Stockholder, as the case may be.
Notwithstanding the foregoing or any other provisions herein, no such assignment
will relieve such Stockholder of its obligations hereunder. This Agreement is
intended to bind the Stockholders solely as a securityholders of the Company
only with respect to the specific matters set forth herein.

            10.3  Amendment and Modification. This Agreement may not be
modified, amended, altered or supplemented except by the execution and delivery
of a written agreement executed by the parties hereto.

            10.4  Specific Performance; Injunctive Relief. The parties hereto
acknowledge that Parent will be irreparably harmed and that there will be no
adequate remedy at law for a violation of any of the covenants or agreements of
the Stockholders set forth herein. Therefore, it is agreed that, in addition to
any other remedies that may be available to Parent upon any such violation,
Parent shall have the right to seek to enforce such covenants and agreements by
specific performance, injunctive relief or by any other means available to
Parent at law or in equity and each Stockholder hereby waives any and all
defenses which could exist in its favor in connection with such enforcement and
waives any requirement for the security or posting of any bond in connection
with such enforcement.

            10.5  Notices. All notices, requests, demands or other
communications that are required or may be given pursuant to the terms of this
Agreement shall be in writing and shall be deemed to have been duly given if
delivered by hand or mailed by registered or certified mail, postage prepaid, or
sent by facsimile transmission, as follows: If to a Stockholder, at the address
set forth below such Stockholder's signature at the end hereof, with a copy,
which shall not constitute notice, to Torys LLP, 237 Park Avenue, New York, NY
10017, Attention: Joris M. Hogan, Telephone: (212) 880-6050, Facsimile: (212)
682-0200 and a second copy, which shall not constitute notice, to Wildman,
Harrold, Allen & Dixon LLP 225 W. Wacker Drive, Suite 3000 Chicago, Illinois
60606, Attention: John L. Eisel, Facsimile: (312) 201-2555.

                                        6

            (a)   if to Parent, to:
                  Movie Star, Inc.
                  1115 Broadway
                  New York, NY 10010.
                  Attention:    Melvin Knigin
                  Telephone:    (212) 798-4700
                  Facsimile:    (212) 213-4925

            with a copy, which shall not constitute notice, to:

                  Cooley Godward Kronish LLP
                  1114 Avenue of the Americas
                  New York, New York 10036
                  Attention:    Scott L. Kaufman
                  Facsimile:    (212) 401-4772

            with a second copy, which shall not constitute notice, to:

                  Graubard Miller
                  405 Lexington Avenue, 19th Floor
                  New York, NY 10174
                  Attention:    Peter M. Ziemba
                  Facsimile:    (646) 227-5400

            (b)   if to Company, to:

                  FOH Holdings, Inc.
                  6255 Sunset Boulevard, Sixth Floor
                  Hollywood, CA 90028
                  Attention:    Linda LoRe
                  Facsimile:    (323) 464-4219

            with a copy, which will not constitute notice, to:

                  Torys LLP
                  237 Park Ave.
                  New York, NY 10017
                  Attention:    Joris M. Hogan
                  Facsimile:    (212) 682-0200

or to such other address as any party hereto may designate for itself by notice
given as herein provided.

            10.6  Governing Law and Venue; Waiver of Jury Trial. (a) THIS
AGREEMENT SHALL BE DEEMED TO BE MADE IN AND IN ALL RESPECTS SHALL

                                        7

BE INTERPRETED, CONSTRUED AND GOVERNED BY AND IN ACCORDANCE WITH THE LAW OF THE
STATE OF NEW YORK WITHOUT REGARD TO THE CONFLICT OF LAW PRINCIPLES THEREOF. The
parties hereto hereby irrevocably submit exclusively to the jurisdiction of the
courts of the State of New York and the Federal courts of the United States of
America located in the State of New York in connection with all disputes, claims
or controversies arising out of or relating to this Agreement and the documents
referred to in this Agreement, and in respect of the transactions contemplated
hereby and thereby, and hereby waive, and agree not to assert, as a defense in
any action, suit or proceeding for the interpretation or enforcement hereof or
of any such document, that it is not subject thereto or that such action, suit
or proceeding may not be brought or is not maintainable in said courts or that
the venue thereof may not be appropriate or that this Agreement or any such
document may not be enforced in or by such courts, and the parties hereto
irrevocably agree that all claims with respect to such action or proceeding
shall be heard and determined in such a New York State or Federal court. The
parties hereto hereby consent to and grant any such court jurisdiction over the
person of such parties for purposes of the foregoing.

            (b)   EACH PARTY HERETO ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY
WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND
DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN
RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO
THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY
CERTIFIES AND ACKNOWLEDGES THAT (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) EACH
PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (iii) EACH
PARTY MAKES THIS WAIVER VOLUNTARILY, AND (iv) EACH PARTY HAS BEEN INDUCED TO
ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION 10.6.

            10.7  Entire Agreement. This Agreement contain the entire
understanding of the parties in respect of the subject matter hereof, and
supersede all prior negotiations and understandings between the parties with
respect to such subject matter.

            10.8  Counterparts. This Agreement may be executed in any number of
counterparts, each such counterpart being deemed to be an original instrument,
and all such counterparts shall together constitute the same agreement.
Facsimile signatures on this Agreement shall be deemed to be original signatures
for all purposes.

            10.9  Effect of Headings. The section headings herein are for
convenience only and shall not affect the construction or interpretation of this
Agreement.

                  [REMAINDER OF PAGE LEFT INTENTIONALLY BLANK]

                                        8

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

                                    FOH HOLDINGS, INC.

                                    By: /s/ Linda LoRe
                                       ----------------------------------------
                                    Name: Linda LoRe
                                    Title: CEO

                                    MOVIE STAR, INC.

                                    By: /s/ Saul Pomerantz
                                       ----------------------------------------
                                    Name: Saul Pomerantz
                                    Title: Exec. VP

                                    FURSA ALTERNATIVE STRATEGIES LLC

                                    By: /s/ Patrick Brennan
                                       ----------------------------------------
                                    Name: Patrick Brennan
                                    Title: CAO

                                    FURSA REDISCOVERED OPPORTUNITIES
                                    FUND L.P.

                                        By: FURSA ADVISORS LLC, its sole
                                        general partner

                                           By: /s/ Patrick Brennan
                                              ---------------------------------
                                           Name: Patrick Brennan
                                           Title: CAO

                                    FURSA GLOBAL EVENT DRIVEN FUND L.P.

                                        By: FURSA ADVISORS LLC, its sole
                                        general partner

                                           By: /s/ Patrick Brennan
                                              ---------------------------------
                                           Name: Patrick Brennan
                                           Title: CAO

                                    FURSA CAPITAL PARTNERS LP

                                        By: FURSA ADVISORS LLC, its sole
                                        general partner

                                        By: /s/ Patrick Brennan
                                           ------------------------------------
                                        Name: Patrick Brennan
                                        Title: CAO

                                    BLACKFRIARS MASTER VEHICLE LLC

                                    By: /s/ Patrick Brennan
                                       ----------------------------------------
                                    Name: Patrick Brennan
                                    Title: CAO

                                    AXIS RDO LTD.

                                    By: /s/ Patrick Brennan
                                       ----------------------------------------
                                    Name: Patrick Brennan
                                    Title: CAO

                                    FURSA SPV LLC

                                    By: /s/ Patrick Brennan
                                       ----------------------------------------
                                    Name: Patrick Brennan
                                    Title: CAO

                                    FURSA MASTER REDISCOVERED
                                    OPPORTUNITIES FUND L.P.

                                        By: FURSA COMPANY LTD., its sole
                                        general partner

                                           By: /s/ Patrick Brennan
                                              ---------------------------------
                                           Name: Patrick Brennan
                                           Title: CAO

                                    TOKARZ INVESTMENTS, LLC

                                    By: /s/ Michael Tokarz
                                       ----------------------------------------
                                    Name: Michael Tokarz
                                    Title: Manager

      SCHEDULE 1

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

                                                       NUMBER OF SHARES OWNED ON
(a) FURSA MANAGED ACCOUNTS                             THE DATE HEREOF
--------------------------------------------------------------------------------
Fursa Rediscovered Opportunities Fund L.P.
(formerly known as Mellon HBV Rediscovered
Opportunities Fund L.P.), a Delaware limited
partnership

Fursa Global Event Driven Fund L.P. (formerly
known as Mellon HBV Global Event Driven Fund
L.P.), a Delaware limited partnership

Fursa Capital Partners LP (formerly known as
Mellon HBV Capital Partners LP), a Delaware
limited partnership

Blackfriars Master Vehicle LLC, a Delaware
limited liability company

AXIS RDO Ltd., a company incorporated in the
Bahamas

FURSA MANAGED ACCOUNTS TOTAL:                                  664,999
--------------------------------------------------------------------------------

(b) TOKARZ INVESTMENTS, LLC                                    665,001
--------------------------------------------------------------------------------

                                       11

                                                                       EXHIBIT A

                                ESCROW AGREEMENT

                                       12

                                                                       EXHIBIT B

                                 GENERAL RELEASE

      TO ALL TO WHOM THESE PRESENTS SHALL COME OR MAY CONCERN, KNOW THAT
__________, ("Grantor"), for good and valuable consideration, the receipt and
sufficiency of which are hereby duly acknowledged, on behalf of itself, its
officers, directors, shareholders, members, managers, partners, and their
respective successors and assigns, hereby unconditionally and irrevocably
remises, releases and forever discharges ________________________, and, each of
its officers, directors, shareholders, members, managers, partners, subsidiaries
and affiliates) and each of their respective successors and assigns, attorneys
and all persons acting by, through, under or in concert with any of them,
(collectively, the "Releasees") from, and covenants not to sue or proceed
against any of the Releasees on the basis of, any and all claims, actions,
causes of action, suits, damages, losses, contracts, agreements, liabilities,
expenses, notes, bonds, mortgages, sums of money, debts, rights, and any and all
other obligations of any nature whatsoever, whether known or unknown, absolute
or contingent, accrued or unaccrued, determined or speculative, against the
Releasees, or any of them, which Grantor or his successors, assigns, executors,
administrators, or heirs, if any, ever had, now has, or hereafter can, shall or
may have for, upon or by reason of any matter, cause or thing whatsoever
(collectively "Claims") arising from the beginning of the world to and including
the date of this Release.

      Grantor waives all rights and benefits of any laws that provide or may
purport to provide that a general release does not extend to unknown or
unexpected Claims existing as of the date of this Release which, if known, may
have materially affected the granting of this Release, except for Claims of
fraud or fraud in the inducement of this Release.

      Grantor acknowledges that this Release is not and shall not be construed
as an admission of liability by any person or party whomsoever, and shall be
binding upon and be effective against Grantor, and his successors, assigns,
executors, administrators, and heirs.

      This Release shall in all respects be construed in accordance with and
governed by the laws of the State of New York without regard to its principles
of conflict of laws other than Section 5-1401 of the General Obligations Law of
the State of New York. Grantor agrees that any action arising out of this
Release shall be exclusively venued in the federal, state or local courts
located in, or otherwise, having jurisdiction over the County of New York, and
the parties hereby consent to personal jurisdiction in such courts and waive any
objection based on the defense of an inconvenient forum and any objection to
jurisdiction or venue of any action instituted hereunder.

      IN WITNESS WHEREOF, Grantor has executed this Release on the day of    ,
2007.

                                    By_________________________________________
                                    Name:
                                    Title:

                                       13EXHIBIT 10.2

                           STANDBY PURCHASE AGREEMENT

      This STANDBY PURCHASE AGREEMENT (this "Agreement") dated as of December
18, 2006 by and among Movie Star, Inc., a New York corporation (the "Company"),
Fursa Alternative Strategies LLC (formerly known as Mellon HBV Alternative
Strategies LLC) ("Fursa"), a Delaware limited liability company, the Fursa
Managed Accounts (hereinafter defined), TTG Apparel, LLC, a Delaware limited
liability company ("Apparel"), and Tokarz Investments, LLC, a Delaware limited
liability company ("Investments," and together with Apparel, "TTG") (TTG and the
Fursa Managed Accounts are hereafter collectively referred to as the "Standby
Purchasers", and individually, as a "Standby Purchaser").

      WHEREAS, the Company has entered into that certain Agreement and Plan of
Merger and Reorganization dated as of the date hereof by and among the Company
and the other parties thereto (the "Merger Agreement") providing for the merger
(the "Merger") of a wholly-owned subsidiary of the Company with FOH Holdings,
Inc., a Delaware corporation;

      WHEREAS, pursuant to the Merger Agreement, the Company will issue to the
Fursa Managed Accounts and Investments shares (the "Merger Shares") of its
common stock (the "Common Stock");

      WHEREAS, pursuant to the Merger Agreement, the Company will issue to Fursa
Master Rediscovered Opportunities Fund L.P. (formerly known as Mellon HBV Master
Rediscovered Opportunities Fund L.P.), a Delaware limited partnership, and Fursa
SPV LLC (formerly known as Mellon HBV SPV LLC), a Delaware limited liability
company, shares of its Series A 7.5% Convertible Preferred Stock (the "Preferred
Stock Shares"), convertible to Common Stock (such shares of Common Stock
issuable upon any conversion, the "Preferred Stock Conversion Shares");

      WHEREAS, in connection with the Merger, the Company is proposing, as soon
as practicable after the Rights Offering Effective Date and the date of mailing
of the Proxy Statement (each as defined herein), to distribute to holders of
Common Stock of record as of the close of business on the Record Date (as
defined herein), non-transferable rights (the "Rights") to subscribe for and
purchase additional shares of Common Stock (the "Rights Shares") at a
subscription price (the "Subscription Price") in accordance with the term sheet
attached hereto as Exhibit A (such term sheet, the "Term Sheet" and such
offering, the "Rights Offering");

      WHEREAS, pursuant to the Rights Offering, stockholders of record will
receive the number of Rights for each share of Common Stock held by them as of
the Record Date as set forth in the Term Sheet, and each Right will entitle the
holder to purchase the number of Rights Shares as determined pursuant to the
Term Sheet at the Subscription Price (the "Basic Subscription Privilege");

      WHEREAS, the Company has requested the Standby Purchasers to agree to
purchase from the Company upon expiration of the Rights Offering, and the
Standby Purchasers are willing, subject to the terms and conditions set forth
herein, to so purchase the specified number of Rights Shares set forth herein,
at the Subscription Price, to the extent such Rights Shares are not purchased by
stockholders pursuant to the exercise of Rights;

      WHEREAS, solely in order to further induce the Standby Purchasers to enter
into this Agreement and as compensation to the Standby Purchasers for their
commitments hereunder, the Company has agreed to grant to the Standby Purchasers
(including any of their permitted assignees) warrants (the "Guarantor Warrants")
representing the right to purchase additional shares of Common Stock (the
"Warrant Shares") pursuant to this Agreement, which Guarantor Warrants shall be
substantially in the form attached hereto as Exhibit B; and

      WHEREAS, in order to further induce the Standby Purchasers to enter into
this Agreement, the Company has agreed to grant the Standby Purchasers
(including any of their permitted assignees) registration rights with respect to
the Securities (as defined herein) purchased by them pursuant to this Agreement
pursuant to a registration rights agreement substantially in the form attached
hereto as Exhibit C (the "Registration Rights Agreement");

      NOW, THEREFORE, in consideration of the mutual covenants and agreements
set forth in this Agreement, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows:

      Section 1.  Certain Other Definitions. The following terms used herein
shall have the meanings set forth below:

      "Affiliate" shall have the meaning set forth in the Merger Agreement.

      "Agreement" shall have the meaning set forth in the preamble hereof.

      "Basic Subscription Privilege" shall have the meaning set forth in the
recitals hereof.

      "Business Day" shall mean any day that is not a Saturday, a Sunday or a
day on which banks are required or permitted to be closed in the State of New
York.

      "Closing" shall have the meaning set forth in Section 6.

      "Closing Date" shall have the meaning set forth in Section 6.

      "Commission" shall mean the United States Securities and Exchange
Commission, or any successor agency thereto.

      "Common Stock" shall have the meaning set forth in the recitals hereof.

      "Company" shall have the meaning set forth in the preamble hereof.

      "Company Stockholders Agreement" shall have the meaning set forth in the
Merger Agreement.

      "Effective Time" shall have the meaning set forth in the Merger Agreement.

      "Escrow Agreement" shall have the meaning set forth in the Merger
Agreement.

      "Exchange Act" shall mean the Securities Exchange Act of 1934, as amended,
and the rules and regulations promulgated by the Commission thereunder.

                                      - 2 -

      "Fursa" shall have the meaning set forth in the preamble hereof.

      "Fursa Guarantor Warrants" shall have the meaning set forth in Section
3(a).

      "Fursa Managed Accounts" shall mean certain funds and accounts affiliated
with, managed by, or over which Fursa or any of its Affiliates exercises
investment authority, including, without limitation, with respect to voting and
dispositive rights, set forth on Schedule 1 and are parties hereto or such funds
and accounts to which proper assignments have been made pursuant to Section 16
herein.

      "Losses" shall have the meaning set forth in Section 11(a).

      "Merger" shall have the meaning set forth in the recitals hereof.

      "Merger Agreement" shall have the meaning set forth in the recitals
hereof.

      "Merger Closing" shall have the meaning set forth in Section 2(d).

      "Merger Shares" shall have the meaning set forth in the recitals hereof.

      "Person" shall mean an individual, corporation, partnership, association,
joint stock company, limited liability company, joint venture, trust,
governmental entity, unincorporated organization or other legal entity.

      "Preferred Stock Conversion Shares" shall have the meaning set forth in
the recitals hereof.

      "Preferred Stock Shares" shall have the meaning set forth in the recitals
hereof.

      "Prospectus" shall mean a prospectus, as defined in Section 2(10) of the
Securities Act, that meets the requirements of Section 10 of the Securities Act
and is current with respect to the securities covered thereby.

      "Proxy Statement" shall mean a definitive proxy statement filed with the
Commission relating to the Merger, the Rights Offering and the transactions
contemplated thereunder, together with all amendments, supplements and exhibits
thereto.

      "Purchase Notice" shall have the meaning set forth in Section 2(c).

      "Purchase Price" shall have the meaning set forth in Section 2(c).

      "Record Date" shall be the date which is two (2) Business Days prior to
the date of mailing of the Proxy Statement.

      "Registration Rights Agreement" shall have the meaning set forth in the
recitals hereof.

      "Rights" shall have the meaning set forth in the recitals hereof.

      "Rights Agent" shall have the meaning set forth in Section 8(a).

                                      - 3 -

      "Rights Offering" shall have the meaning set forth in the recitals hereof.

      "Rights Offering Effective Date" shall mean the date on which the
subscription under the Rights Offering commences.

      "Rights Offering Expiration Date" shall mean the date on which the
subscription period under the Rights Offering expires.

      "Rights Offering Registration Statement" shall mean the Company's
Registration Statement on Form S-1 under the Securities Act or such other
appropriate form under the Securities Act, pursuant to which the Rights and
underlying shares of Common Stock will be registered pursuant to the Securities
Act.

      "Rights Shares" shall have the meaning set forth in the recitals hereof.

      "Satisfaction Notice" shall have the meaning set forth in Section 2(c).

      "Securities" shall mean (i) the Merger Shares, the Guarantor Warrants, the
Warrant Shares, the Preferred Stock Shares and the Preferred Stock Conversion
Shares and (ii) those of the Unsubscribed Shares that are acquired by the
Standby Purchasers in accordance with Section 2 as the case may be.

      "Securities Act" shall mean the Securities Act of 1933, as amended, and
the rules and regulations promulgated by the Commission thereunder.

      "Shareholders Agreement" shall have the meaning set forth in the Merger
Agreement.

      "Standby Purchaser" shall have the meaning set forth in the preamble
hereof.

      "Subscription Price" shall have the meaning set forth in the recitals
hereof.

      "Term Sheet" shall have the meaning set forth in the recitals hereof.

      "TTG" shall have the meaning set forth in the preamble hereof.

      "TTG Guarantor Warrants" shall have the meaning set forth in Section 3(b).

      "Unsubscribed Shares" shall have the meaning set forth in Section 2(b).

      "Unsubscribed Shares Backstop" shall have the meaning set forth in Section
2(b).

      "Warrant Shares" shall have the meaning set forth in the recitals hereof.

      Section 2.  Standby Purchase Commitment.

            (a)   TTG hereby agrees that it shall not, and shall cause its
Affiliates not to purchase from the Company any of the Rights Shares that will
be available for purchase by TTG and/or any of its Affiliates pursuant to its
Basic Subscription Privilege.

                                      - 4 -

            (b)   If and to the extent that Rights Shares are not purchased by
the Company's stockholders pursuant to the exercise of Rights (such shares that
are not purchased, the "Unsubscribed Shares"), the Standby Purchasers hereby
agree to purchase from the Company, and the Company hereby agrees to sell to the
Standby Purchasers, at the Subscription Price, the Unsubscribed Shares,
provided, however, that in no event shall the Standby Purchasers be obligated to
purchase a number of Unsubscribed Shares which exceeds a number equal to the
quotient of Twenty Million and No/100 Dollars ($20,000,000) divided by the
Subscription Price (such aggregate maximum number of shares, the "Unsubscribed
Shares Backstop"). It is acknowledged and agreed that, if and to the extent the
Standby Purchasers are required to purchase Unsubscribed Shares pursuant to this
subsection (b), TTG shall purchase fifty percent (50%) of the Unsubscribed
Shares and the Fursa Managed Accounts shall, on a several but not on a joint and
several basis purchase the other fifty percent (50%) of the Unsubscribed Shares,
pro rata based on the ownership of the Company Common Stock (as defined in the
Merger Agreement) owned by each such Fursa Managed Account as of the Record
Date, up to an amount which in the aggregate shall not exceed the Unsubscribed
Shares Backstop.

            (c)   The next Business Day after the Rights Offering Expiration
Date, the Company shall deliver to each of the Standby Purchasers a written
certification by an executive officer of the Company of either (i) the number of
Unsubscribed Shares and the aggregate purchase price (the "Purchase Price")
thereof (a "Purchase Notice") or (ii) in the absence of any Unsubscribed Shares,
of the fact that there are no Unsubscribed Shares and that the commitment to
subscribe for Unsubscribed Shares is terminated (a "Satisfaction Notice").

            (d)   Provided that a Purchase Notice has been delivered to each of
the Standby Purchasers, on the day of the consummation of the transactions
contemplated by the Merger Agreement (the "Merger Closing"), each Standby
Purchaser shall deliver to the Company by wire transfer of immediately available
funds, the Purchase Price for the applicable number of Unsubscribed Shares that
such Standby Purchaser is obligated to purchase pursuant to Section 2(b).

            (e)   Notwithstanding anything else contained in this Agreement, and
except as it may be required in connection with the execution, delivery and
performance of this Agreement, the Shareholders Agreement, the Merger Agreement
and the transactions contemplated thereby, Fursa, the Fursa Managed Accounts and
TTG shall not take any action that would require them to collectively file a
Schedule 13D as a result of forming a "group" pursuant to Rule 13d-5(b)(l) of
the Exchange Act).

      Section 3.  Guarantor Warrants.

            (a)   Fursa. Upon the Closing of the transactions contemplated
hereby, the Company shall issue Guarantor Warrants to the Fursa Managed Accounts
representing collectively, the right to purchase a number of additional shares
of Common Stock equal to 5.25% of the number of shares of Common Stock to be
offered in the Rights Offering pro rata based on their ownership on the Record
Date or as the Fursa Managed Accounts may otherwise direct the Company in
writing, which Guarantor Warrants shall be substantially in the form attached
hereto as Exhibit B (the "Fursa Guarantor Warrants").

                                      - 5 -

            (b)   TTG. Upon the Closing of the transactions contemplated hereby,
the Company shall issue to TTG Guarantor Warrants representing the right to
purchase a number of additional shares of Common Stock equal to 5.25% of the
number of shares of Common Stock to be offered in the Rights Offering, which
Guarantor Warrants shall be substantially in the form attached hereto as Exhibit
B (the "TTG Guarantor Warrants").

      Section 4.  Representations and Warranties of the Company.  The Company
represents and warrants to the Standby Purchasers as follows:

            (a)   The Company is a corporation duly organized, validly existing
and in good standing under the laws of the State of New York and has all
requisite corporate power and authority to carry on its business as now
conducted and as proposed to be conducted.

            (b)   This Agreement has been duly and validly authorized, executed
and delivered by the Company and, subject to approval by the Company's
stockholders, constitutes a binding obligation of the Company enforceable
against it in accordance with its terms, subject to applicable bankruptcy,
insolvency, fraudulent conveyance, reorganization, moratorium and similar laws
affecting creditors' rights and remedies generally, and subject, as to
enforceability, to general principles of equity, including principles of
commercial reasonableness, good faith and fair dealing (regardless of whether
enforcement is sought in a proceeding at law or in equity).

            (c)   The authorized capital of the Company consists of (A)
30,000,000 shares of Common Stock, of which, (B) 15,792,787 shares were issued
and outstanding, as of the date hereof. All of the outstanding shares of Common
Stock have been duly authorized, are validly issued, fully paid and
nonassessable and were offered, sold and issued in compliance with all
applicable federal and state securities laws and without violating any
contractual obligation or any other preemptive or similar rights.

            (d)   Subject to the approval of the Company's stockholders, all of
the Securities and Rights Shares will have been duly authorized for issuance
prior to the Closing, and, when issued and distributed as set forth in the
Prospectus, will be validly issued, fully paid and non-assessable; and none of
the Securities or Rights Shares will have been issued in violation of the
preemptive rights of any security holders of the Company arising as a matter of
law or under or pursuant to the Company's Certificate of Incorporation, as
amended, the Company's bylaws, as amended, or any agreement or instrument to
which the Company is a party or by which it is bound.

      Section 5.  Representations and Warranties of Fursa and the Standby
Purchasers. Except for the representations and warranties set forth in Section
5(g), which shall be given by Fursa and the Fursa Managed Accounts, only, Fursa
and each Standby Purchaser, severally and not jointly, represents and warrants
to the Company, as to itself only, as follows:

            (a)   Such Person is a corporation, partnership or limited liability
company duly organized, validly existing and in good standing under the laws of
its state of organization and has all requisite corporate power and authority to
carry on its business as now conducted and as proposed to be conducted.

                                      - 6 -

            (b)   This Agreement has been duly and validly authorized, executed
and delivered by such Person and constitutes a binding obligation of such Person
enforceable against it in accordance with its terms, subject to applicable
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and
similar laws affecting creditors' rights and remedies generally, and subject, as
to enforceability, to general principles of equity, including principles of
commercial reasonableness, good faith and fair dealing (regardless of whether
enforcement is sought in a proceeding at law or in equity).

            (c)   Such Standby Purchaser is an "accredited investor" within the
meaning of Rule 501(a) under the Securities Act and is acquiring the Securities
for investment for its own account, with no present intention of dividing its
participation with others (other than in accordance with Section 2(b) and
Section 16) or reselling or otherwise distributing the same in violation of the
Securities Act or any applicable state securities laws, and such Standby
Purchaser has sufficient knowledge and experience in financial and business
matters so as to be capable of evaluating the merits and risks of its investment
in the Securities, and is capable of bearing the economic risks of such
investment.

            (d)   The Standby Purchasers are not "affiliates" (within the
meaning of Rule 405 of the Securities Act) of one another, are not acting in
concert and are not members of a "group" (within the meaning of Section 13(d)(3)
of the Exchange Act) and except as set forth in, as applicable, this Agreement,
the Shareholders Agreement, the Merger Agreement and the agreements executed and
delivered in connection therewith, have no current intention to act in the
future in a manner that would make them members of such a group.

            (e)   Such Person understands that: (i) other than pursuant to the
Registration Rights Agreement, the resale of the Securities has not been and is
not being registered under the Securities Act or any applicable state securities
laws, and the Securities may not be sold or otherwise transferred unless (a) the
Securities are sold or transferred pursuant to an effective registration
statement under the Securities Act, (b) at the Company's request, the Standby
Purchasers, as the case may be, shall have delivered to the Company an opinion
of counsel (which opinion shall be in form, substance and scope reasonably
satisfactory to the Company's counsel) to the effect that the Securities to be
sold or transferred may be sold or transferred pursuant to an exemption from
such registration, or (c) the Securities are sold pursuant to Rule 144
promulgated under the Securities Act; (ii) any sale of such Securities made in
reliance on Rule 144 under the Securities Act may be made only in accordance
with the terms of such Rule; and (iii) except as set forth in the Registration
Rights Agreement, neither the Company nor any other Person is under any
obligation to register such Securities under the Securities Act or any state
securities laws or to comply with the terms and conditions of any exemption
thereunder.

            (f)   Each Standby Purchaser has and will have prior to the Merger
Closing sufficient cash, available lines of credit or other sources of
immediately available funds to enable it to deliver to the Company the Purchase
Price for the applicable number of Unsubscribed Shares that such Standby
Purchaser is obligated to purchase pursuant to Section 2(b) of this Agreement.

            (g)   Fursa is, and during the effectiveness of the agreements set
forth in this Section 5(g) will be, duly authorized to act for and on behalf of
each of the Fursa Managed

                                      - 7 -

Accounts regarding the subject matter of this Agreement, the Merger Agreement,
the Registration Rights Agreement, the Company Stockholders Agreement, the
Shareholders Agreement and the Escrow Agreement and has and shall have the
authority to bind the Fursa Managed Accounts and their permitted transferees and
assignees at all times.

      Section 6.  Closing. Unless this Agreement is terminated pursuant to
Section 11 hereof, the closing (the "Closing") shall take place at the offices
of Cooley Godward Kronish LLP, 1114 Avenue of the Americas, New York, New York,
10036, at 10 AM, New York City time, immediately following the Effective Time of
the Merger or such other date, time and place as shall be agreed by the Standby
Purchasers and the Company the ("Closing Date").

      Section 7.  Deliveries at Closing.

            (a)   At the Closing, each Standby Purchaser shall deliver to the
Company by wire transfer of immediately available funds, the Purchase Price for
the applicable number of Unsubscribed Shares that such Standby Purchaser is
obligated to purchase pursuant to Section 2(b) of this Agreement.

            (b)   At the Closing, the Company shall deliver the following:

                  (i)     To each Standby Purchaser, as directed by such Standby
Purchaser, a certificate or certificates representing the number of shares of
Common Stock issued to such Standby Purchaser pursuant to Section 2 in respect
of the applicable number of Unsubscribed Shares that such Standby Purchaser is
obligated to purchase hereunder.

                  (ii)    To the Fursa Managed Accounts, as directed by Fursa,
the Fursa Guarantor Warrants; and

                  (iii)   To TTG, the TTG Guarantor Warrants.

      Section 8.  Covenants.

            (a)   Covenants. The Company agrees as follows between the date
hereof and the Closing Date:

                  (i)     As soon as reasonably practicable after the Company is
advised or obtains knowledge thereof, to advise the Standby Purchasers with a
confirmation in writing, of (A) the time when the Rights Offering registration
statement (the "Rights Offering Registration Statement") or any amendment
thereto has been filed or declared effective or the Prospectus or any amendment
or supplement thereto has been filed, (B) the issuance by the Commission of any
stop order, or of the initiation or threatening of any proceeding, suspending
the effectiveness of the Rights Offering Registration Statement or any amendment
thereto or any order preventing or suspending the use of any preliminary
prospectus or the Prospectus or any amendment or supplement thereto, (C) the
issuance by any state securities commission of any notice of any proceedings for
the suspension of the qualification of the Rights Shares for offering or sale in
any jurisdiction or of the initiation, or the threatening, of any proceeding for
that purpose, (D) the receipt of any comments from the Commission, and (E) any
request by the Commission for any amendment to the Rights Offering Registration
Statement or any amendment or supplement to

                                      - 8 -

the Prospectus or for additional information. The Company will use its
reasonable best efforts to prevent the issuance of any such order or the
imposition of any such suspension and, if any such order is issued or suspension
is imposed, to obtain the withdrawal thereof as promptly as possible;

                  (ii)    To notify, or to cause the rights agent for the Rights
Offering (the "Rights Agent") to notify, on each Friday during the exercise
period of the Rights, or more frequently if reasonably requested by any Standby
Purchaser, the Standby Purchasers of the aggregate number of Rights known by the
Company or the Rights Agent to have been exercised pursuant to the Rights
Offering as of the close of business on the preceding Business Day or the most
recent practicable time before such request, as the case may be.

                  (iii)   Subject to the necessary approvals of the shareholders
of the Company's Common Stock, upon the consummation of the Merger Closing, the
Company shall have sufficient shares reserved for the issuance of: (A) the
Merger Shares, (B) the Rights Shares, (C) the Warrant Shares, (D) the Preferred
Stock Shares, and (E) the Preferred Stock Conversion Shares.

      Section 9.  Condition to Closing. The obligations of each of the Company
and the Standby Purchasers to consummate the transactions contemplated hereunder
in connection with the Rights Offering are subject to the Merger Closing having
occurred.

      Section 10. Restrictive Legends. The Standby Purchasers understand and
agree that the Securities will bear the legends substantially similar to the
legends set forth below in addition to any other legend that may be required by
applicable law or by any agreement between the Company and any of the Standby
Purchasers . The legends may be removed in accordance with the terms and
procedures set forth in the Shareholders Agreement.

            (a)   "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED." (THE "SECURITIES ACT")
OR OTHER APPLICABLE SECURITIES LAWS, AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED
OR OTHERWISE DISPOSED OF IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION
STATEMENT FOR SUCH SECURITIES UNDER THE SECURITIES ACT OR (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT.

            (b)   THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
FURTHER RESTRICTIONS ON TRANSFER PURSUANT TO THE TERMS OF A SHAREHOLDERS
AGREEMENT WITH THE COMPANY, DATED AS OF ____, 2007, A COPY OF WHICH IS ON FILE
AT THE OFFICE OF THE COMPANY

      Section 11. Indemnification and Contribution.

            (a)   Indemnification by the Company. The Company shall indemnify
and hold harmless the Standby Purchasers and their respective permitted
transferees and permitted assignees, each of their respective directors and
officers and each other Person, if any, who controls the Standby Purchasers,
their permitted assignees or their permitted transferees within the meaning of
the Securities Act (all such Persons being hereinafter referred to,
collectively, as

                                      - 9 -

the "Standby Indemnified Persons"), against any losses, claims, damages or
liabilities, joint or several (together "Losses"), to which any of the Standby
Indemnified Persons may become subject (i) as a result of any breach by the
Company of any of its representations, warranties or covenants contained herein
or in any certificate delivered hereunder (ii) under the Securities Act or any
other statute or at common law, insofar as such Losses (or actions in respect
thereof) arise out of or are based upon (A) any alleged untrue statement of any
material fact contained, on the effective date thereof, in any registration
statement filed by the Company in connection with the Rights Offering, any
preliminary prospectus or final prospectus contained therein, or any amendment
or supplement thereto, or (B) any alleged omission to state therein a material
fact required to be stated therein or necessary to make the statements therein
not misleading, and shall reimburse each such Standby Indemnified Person for any
reasonable legal or any other expenses reasonably incurred by such Standby
Indemnified Person in connection with investigating or defending any such Loss;
provided, however, that the Company shall not be liable in any such case to any
Standby Indemnified Person to the extent that any such Loss arises out of or is
based upon any actual or alleged untrue statement or actual or alleged omission
made in such registration statement, preliminary prospectus, prospectus or
amendment or supplement in reliance upon and in conformity with written
information furnished to the Company by such Standby Indemnified Person
specifically for use therein. Such indemnity shall remain in full force and
effect regardless of any investigation made by or on behalf of such Standby
Indemnified Person, and shall survive the transfer of such Securities or Rights
Shares by such Standby Indemnified Persons.

            (b)   Indemnification by each Standby Purchaser. Each Standby
Purchaser by acceptance thereof, severally, and not jointly, agree to indemnify
and hold harmless the Company, its directors and officers and each other Person,
if any, who controls the Company within the meaning of the Securities Act (all
such Persons being hereinafter referred to, collectively, as the "Company
Indemnified Persons," and together with the Standby Indemnified Persons, the
"Indemnified Persons") against any Losses, to which any of the Company
Indemnified Persons may become subject (i) as a result of any breach by such
Standby Purchaser of any of its representations, warranties or covenants
contained herein or in any certificate delivered hereunder or (ii) under the
Securities Act or any other statute or at common law, insofar as such Losses (or
actions in respect thereof) arise out of or are based upon information provided
to the Company by such Standby Purchaser specifically for use in any
registration statement filed in connection with the Rights Offering, any
preliminary prospectus or final prospectus contained therein, or any amendment
or supplement thereto.

            (c)   Notice of Claims, etc. Any Person entitled to indemnification
hereunder will (i) give prompt written notice to the indemnifying party of any
claim with respect to which it seeks indemnification (provided that the failure
to give such notice shall not limit the rights of such Person, except to the
extent the indemnifying party is actually prejudiced thereby) and (ii) unless in
such indemnified party's reasonable judgment a conflict of interest between such
indemnified and indemnifying parties may exist with respect to such claim,
permit such indemnifying party to assume the defense of such claim with counsel
reasonably satisfactory to the indemnified party; provided, however, that any
person entitled to indemnification hereunder shall have the right to employ
separate counsel and to participate in the defense of such claim, but the fees
and expenses of such counsel shall be at the expense of such Person unless (A)
the indemnifying party has agreed to pay such fees or expenses or (B) the
indemnifying party shall

                                     - 10 -

have failed to assume the defense of such claim and employ counsel reasonably
satisfactory to such Person. If such defense is not assumed by the indemnifying
party as permitted hereunder, the indemnifying party will not be subject to any
liability for any settlement made by the indemnified party without its consent
(but such consent will not be unreasonably withheld or delayed). If such defense
is assumed by the indemnifying party pursuant to the provisions hereof, such
indemnifying party shall not settle or otherwise compromise the applicable claim
unless (i) such settlement or compromise contains a full and unconditional
release of the indemnified party or (ii) the indemnified party otherwise
consents in writing, which consent shall not be unreasonably withheld or
delayed. An indemnifying party who is not entitled to, or elects not to, assume
the defense of a claim will not be obligated to pay the fees and expenses of
more than one counsel for all parties indemnified by such indemnifying party
with respect to such claim, unless in the reasonable judgment of any indemnified
party, a conflict of interest may exist between such indemnified party and any
other of such indemnified parties with respect to such claim, in which event the
indemnifying party shall be obligated to pay the reasonable fees and
disbursements of such additional counsel or counsels.

            (d)   Contribution. (i) If the indemnification provided for in this
Section 11 is unavailable to an Indemnified Person hereunder in respect of any
losses, claims, damages, liabilities or expenses referred to therein, then the
indemnifying party, in lieu of indemnifying such Indemnified Person, shall
contribute to the amount paid or payable by such Indemnified Person as a result
of such Losses in such proportion as is appropriate to reflect the relative
fault of the indemnifying party and Indemnified Person in connection with the
actions which resulted in such Losses, as well as any other relevant equitable
considerations. The relative fault of such indemnifying party and Indemnified
Persons shall be determined by reference to, among other things, whether any
action in question, including any untrue or alleged untrue statement of a
material fact or omission or alleged omission to state a material fact, has been
made by, or relates to information supplied by, the indemnifying party or the
Indemnified Persons, and their relative intent, knowledge, access to information
and opportunity to correct or prevent such action. The amount paid or payable by
a party as a result of the Losses referred to above shall be deemed to include
any legal or other fees or expenses reasonably incurred by such party in
connection with any investigation or proceeding.

                  (ii)    The parties hereto agree that it would not be just and
equitable if contribution pursuant to this Section 11 (d) were determined by pro
rata allocation or by any other method of allocation which does not take account
of the equitable considerations referred to in the immediately preceding
paragraph. No Person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Securities Act) shall be entitled to contribution from
any Person who was not guilty of such fraudulent misrepresentation.

      Section 12. Termination. This Agreement may be terminated at any time
prior to the Closing Date, by the Company on the one hand or either of the
Standby Purchasers on the other hand by written notice to the other parties
hereto:

                  (i)     If there is a material breach of this Agreement by the
other party that is not cured within fifteen (15) days after receipt of written
notice by such breaching party; or

                                     - 11 -

                  (ii)    Upon the termination of the Merger Agreement in
accordance with Article X thereof.

      Section 13. Effect of Termination.

      In the event of the termination of this Agreement pursuant to Section 12
hereof, this Agreement (other than Section 12 (Termination), Section 13 (Effect
of Termination), Section 15 (Notices) and Section 18 (Governing Law and Venue;
Waiver of Jury Trial) which shall remain in full force and effect) shall
forthwith become null and void and no Party hereto shall have any liability or
further obligation to any other Party hereto under this Agreement, except as
provided in this Section 13; provided, however, that the termination of this
Agreement pursuant to Section 13 hereof shall not relieve any Party for
liability for breach of this Agreement of limit or restrict any of the other
Party's remedies in respect of such applicable breach. In addition, in the event
of the termination of this Agreement pursuant to Section 12, pursuant to the
terms of the Escrow Agreement, the Escrow Agent shall return to each Standby
Purchaser their respective Escrow Amounts, in the event it was previously
deposited with the Escrow Agent.

      Section 14. Survival. The representations and warranties of the Company
and each of the Standby Purchasers contained in this Agreement or in any
certificate delivered hereunder shall survive the Closing hereunder.

      Section 15. Notices. All notices, demands, requests, consents, approvals,
and other communications required or permitted hereunder shall be in writing and
shall be deemed duly given (i) upon delivery if hand delivered at the address
designated below (if delivered on a business day during normal business hours
where such notice is to be received), or the first business day following such
delivery (if delivered other than on a business day during normal business hours
where such notice is to be received), (ii) on the fifth business day after
deposit into the mail, if deposited in the mail, registered or certified, return
receipt requested, postage prepaid, addressed to the address designated below,
(iii) upon delivery if delivered by reputable express courier service to the
address designated below, or (iv) upon confirmation of transmission if
transmitted by facsimile to the facsimile number designated below (if delivered
on a business day during normal business hours where such notice is to be
received), or the first business day following such delivery (if delivered other
than on a business day during normal business hours where such notice is to be
received). The addresses and facsimile numbers for such communications shall be:

            (a)   if to Fursa or any Fursa Managed Account, at:

                  Fursa Alternative Strategies LLC
                  The MetLife Building
                  200 Park Avenue, 54th Floor
                  New York, NY 10166
                  Attention:   Patrick Brennan
                  Facsimile:   (212) 922-8955

            with a copy, which shall not constitute notice, to:

                  Torys LLP

                                     - 12 -

                  237 Park Avenue
                  New York, New York  10017
                  Attention:   Joris M. Hogan
                  Facsimile:   (212) 682-0200

            (b)   if to TTG, at:

                  Tokarz Investments, LLC
                  287 Bowman Avenue
                  Purchase, NY 10577
                  Attention:   Michael Tokarz
                  Facsimile:   (914) 251-1816

            with a copy, which shall not constitute notice, to:

                  Wildman, Harrold, Allen & Dixon LLP
                  225 W. Wacker Drive,
                  Suite 3000
                  Chicago, Illinois 60606
                  Attention:   John L. Eisel
                  Facsimile:   (312) 201-2555

            (c)   if to the Company, at:

                  Movie Star, Inc.
                  1115 Broadway
                  New York, NY 10010.
                  Attention:   Melvin Knigin
                  Facsimile:   (212) 213-4925

            with a copy, which shall not constitute notice, to:

                  Cooley Godward Kronish LLP
                  1114 Avenue of the Americas
                  New York, New York  10036
                  Attention:   Scott L. Kaufman
                  Facsimile:   (212) 401-4772

            with a second copy, which shall not constitute notice, to:

                  Graubard Miller
                  405 Lexington Avenue, 19th Floor
                  New York, NY  10174
                  Attention:   Peter M. Ziemba
                  Facsimile:   (646) 227-5400

Either party hereto may from time to time change its address or facsimile number
for notices under this Section 15 by giving at least ten (10) days' prior
written notice of such changed address or facsimile number to the other party
hereto. If notice is given pursuant to this Section 15 of any assignment to a
permitted successor or assign of a party hereto, the notice shall be given as
set forth above to such successor or permitted assign of such party.

                                     - 13 -

      Section 16. Assignment. This Agreement will be binding upon, and will
inure to the benefit of and be enforceable by, the parties hereto and their
respective successors and assigns, including any person to whom Securities are
transferred in accordance herewith. This Agreement, or the Standby Purchasers'
obligations hereunder, may be assigned, delegated or transferred, in whole or in
part, by either Standby Purchaser to any Affiliate (as defined in Rule 12b-2
under the Exchange Act) of such Standby Purchaser or to any other Person,
managed fund or managed client account over which such Standby Purchaser or any
of its Affiliates exercises investment authority, including, without limitation,
with respect to voting and dispositive rights, provided, that any such assignee
shall, as a condition to the effectiveness of any such assignment, assume within
five Business Days of any such assignment, the obligations of such Standby
Purchaser hereunder and agree in writing to be bound by the terms of this
Agreement in the same manner as such Standby Purchaser, as the case may be.
Notwithstanding the foregoing or any other provisions herein, no such assignment
will relieve such Standby Purchaser of its obligations hereunder.

      Section 17. Entire Agreement. This Agreement embodies the entire agreement
and understanding between the parties hereto in respect of the subject matter
contained herein. There are no restrictions, promises, warranties, or
undertakings, other than those set forth or referred to herein, with respect to
the standby purchase commitments or the registration rights granted by the
Company with respect to the Securities and the Rights Shares. This Agreement
supersedes all prior agreements and understandings between the parties with
respect to the subject matter of this Agreement.

      Section 18. Governing Law And Venue; Waiver Of Jury Trial. THIS AGREEMENT
SHALL BE DEEMED TO BE MADE IN AND IN ALL RESPECTS SHALL BE INTERPRETED,
CONSTRUED AND GOVERNED BY AND IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW
YORK WITHOUT REGARD TO THE CONFLICT OF LAW PRINCIPLES THEREOF OTHER THAN SECTION
5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK. The parties
hereto hereby irrevocably submit exclusively to the jurisdiction of the courts
of the State of New York and the Federal courts of the United States of America
located in the County of New York in connection with all disputes, claims or
controversies arising out of or relating to this Agreement and the documents
referred to in this Agreement, and in respect of the transactions contemplated
hereby and thereby, and hereby waive, and agree not to assert, as a defense in
any action, suit or proceeding for the interpretation or enforcement hereof or
of any such document, that it is not subject thereto or that such action, suit
or proceeding may not be brought or is not maintainable in said courts or that
the venue thereof may not be appropriate or that this Agreement or any such
document may not be enforced in or by such courts, and the parties hereto
irrevocably agree that all claims with respect to such action or proceeding
shall be heard and determined in such a New York State or Federal court. The
parties hereto hereby consent to and grant any such court jurisdiction over the
person of such parties for purposes of the foregoing.

            (a)   EACH PARTY HERETO ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY
WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND
DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVES ANY RIGHT

                                     - 14 -

SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR
INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR THE TRANSACTIONS
CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (i)
NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) EACH PARTY UNDERSTANDS
AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (iii) EACH PARTY MAKES THIS
WAIVER VOLUNTARILY, AND (iv) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS
AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION 18.

      Section 19. Severability. If any provision of this Agreement or the
application thereof to any person or circumstances is determined by a court of
competent jurisdiction to be invalid, void or unenforceable, the remaining
provisions hereof, or the application of such provision to persons or
circumstances other than those as to which it has been held invalid or
unenforceable, shall remain in full force and effect and shall in no way be
affected, impaired or invalidated thereby, so long as the economic or legal
substance of the transactions contemplated hereby is not affected in any manner
adverse to any party. Upon such determination, the parties shall negotiate in
good faith in an effort to agree upon a suitable and equitable substitute
provision to effect the original intent of the parties.

      Section 20. Extension or Modification of Rights Offering. Without the
prior written consent of the Standby Purchasers, the Company may (i) waive
irregularities in the manner of exercise of the Rights, and (ii) waive
conditions relating to the method (but not the timing) of the exercise of the
Rights to the extent that such waiver does not materially adversely affect the
interests of the Standby Purchasers.

      Section 21. Specific Performance. The parties agree that irreparable
damage would occur in the event that any provision of this Agreement is not
performed in accordance with the terms of this Agreement and that therefore the
Parties shall be entitled to seek specific performance of the terms of this
Agreement in addition to any other remedy at law or equity, without the
necessity of proving irreparable harm or posting bond or other security.

      Section 22. Miscellaneous.

            (a)   The Company shall not after the date of this Agreement enter
into any agreement with respect to its securities which is inconsistent with or
violates the rights granted to holders of Securities in this Agreement.

            (b)   The headings in this Agreement are for purposes of reference
only and shall not limit or otherwise affect the meaning of this Agreement.

            (c)   This Agreement may be executed in any number of counterparts
(including by facsimile), each of which shall be deemed to be an original, but
all of which, when taken together, shall constitute one and the same instrument.

                                     - 15 -

               [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK.]

                                     - 16 -

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

                               MOVIE STAR, INC.

                               By:               /s/ Saul Pomerantz
                                      ------------------------------------------
                                      Name: Saul Pomerantz
                                      Title: Exec. VP

                               FURSA ALTERNATIVE STRATEGIES LLC

                               By:               /s/ Patrick Brennan
                                      ------------------------------------------
                                      Name: Patrick Brennan
                                      Title: CAO

                               FURSA REDISCOVERED OPPORTUNITIES
                               FUND L.P.
                                      By: FURSA ADVISORS LLC, its sole
                                      general partner

                               By:               /s/ Patrick Brennan
                                      ------------------------------------------
                                      Name: Patrick Brennan
                                      Title: CAO

                               FURSA GLOBAL EVENT DRIVEN FUND L.P.
                                      By: FURSA ADVISORS LLC, its sole
                                      general partner

                               By:               /s/ Patrick Brennan
                                      ------------------------------------------
                                      Name: Patrick Brennan
                                      Title: CAO

                               FURSA CAPITAL PARTNERS LP
                                      By: FURSA ADVISORS LLC, its sole
                                      general partner

                               By:               /s/ Patrick Brennan
                                      ------------------------------------------
                                      Name: Patrick Brennan
                                      Title: CAO

                               BLACKFRIARS MASTER VEHICLE LLC

                               By:               /s/ Patrick Brennan
                                      ------------------------------------------
                                      Name: Patrick Brennan
                                      Title: CAO

                               AXIS RDO LTD.

                               By:               /s/ Patrick Brennan
                                      ------------------------------------------
                                      Name: Patrick Brennan
                                      Title: CAO

                               TTG APPAREL, LLC

                               By:               /s/ Michael Tokarz
                                      ------------------------------------------
                                      Name: Michael Tokarz
                                      Title: Manager

                               TOKARZ INVESTMENTS, LLC

                               By:               /s/ Michael Tokarz
                                      ------------------------------------------
                                      Name: Michael Tokarz
                                      Title: Manager

                                    EXHIBIT A

                           RIGHTS OFFERING TERM SHEET

                           RIGHTS OFFERING TERM SHEET

Securities Offered                  Rights to purchase an aggregate of $20 million of new shares of Movie Star, Inc.
                                    Common Stock (collectively, the "New Shares") will be offered to Movie Star,
                                    Inc.'s shareholders (hereinafter referred to as the "Holders").  Holders will be
                                    entitled to receive one Right per share held by them as of the Rights Record
                                    Date.  Each Right will be exercisable for the purchase of that number of shares
                                    of Movie Star, Inc. Common Stock described below under the Basic Subscription
                                    Privilege.

Subscription Price                  The product of 0.85 and the average closing price of Movie Star, Inc. shares
                                    during the twenty trading days immediately preceding the Rights Record Date.

Subscription Period                 For 30 days ending two business days prior to closing of the Merger or as
                                    otherwise agreed by FOH Holdings, Inc. and Movie Star, Inc.

Rights Record Date                  TBD.

Basic Subscription Privilege        Each Right will entitle the Holder thereof to subscribe for and purchase at the
                                    Subscription Price a number of shares of Movie Star, Inc. Common Stock equal to
                                    the following:

                                                                D
                                                               ---
                                                     N =        S
                                                              ------
                                                                O

                                    Where:           N is:    The number of shares of Movie Star, Inc. Common Stock
                                                              per Right,

                                                     D is:    $20,000,000,

                                                     S is:    The Subscription Price,

                                                     O is:    The total number of shares of Movie Star, Inc. Common
                                                              Stock outstanding (as adjusted to the date of the
                                                              calculation),

                                     provided, however, that no Holder shall be entitled to subscribe for New Shares
                                     which would result in that Holder owning more than 4.9% of the total outstanding
                                     shares of Movie Star, Inc. Common Stock. There will be no fractional shares or
                                     cash payment for fractional shares.

Oversubscription Privilege          Holders who exercise their Rights in full will have the right to oversubscribe
                                    for and purchase at the Subscription Price an additional number of whole shares
                                    of Movie Star, Inc. Common Stock in an amount not exceeding, in the aggregate,
                                    the number of unexercised Rights as of the Expiration Time, on a pro rata basis;
                                    provided, however, that no Holder shall be entitled to subscribe for New Shares
                                    which would result in that holder owning more than 4.9% of the total outstanding
                                    shares of Movie Star, Inc. Common Stock.

Transfer of Rights                  The Rights shall be non-transferable.

Backstop                            FOH Holdings, Inc.'s stockholders (the "Investors") shall agree, on a several but
                                    not on a joint and several basis, to backstop the Rights for the purchase of the
                                    New Shares, as necessary to ensure the issuance of $20 million of New Shares.

Guarantor Warrants                  The Investors shall receive warrants (the "Guarantor Warrants") to acquire 10.5%
                                    of the total number of the New Shares to be offered in the Rights Offering,
                                    which shall have an exercise price equal to the Subscription Price.  The
                                    Guarantor Warrants shall be non-transferable except to affiliates and managed
                                    funds or accounts of the Investors and shall expire three years following the
                                    Expiration Date.

No Purchase by TTG                  Although TTG would be entitled to participate in the Rights Offering to the extent
                                    TTG owns shares of Movie Star, Inc. Common Stock on the Rights Record Date, TTG
                                    will agree to not exercise any Rights that it receives in the Rights Offering.

Rights Agent                        TBD.

Anti-Dilution Protection            For issues of equity below the exercise price of the
Guarantor Warrants                  Guarantor Warrant.

Use of Proceeds                     The registration statement filed in connection with the Rights Offering will
                                    reflect that the combined companies intend to utilize the net cash proceeds from
                                    the sale of the New Shares primarily for the addition of new Frederick's of
                                    Hollywood Group Inc. stores, the renovation of certain existing stores and for
                                    working capital and other general corporate purposes.

Condition Precedent                 Closing of the Merger pursuant to the Merger Agreement.

                                       A-1

                                    EXHIBIT B

                           FORM OF GUARANTOR WARRANTS

                                       B-1

                                    EXHIBIT C

                          REGISTRATION RIGHTS AGREEMENT

                                       C-1

                                   SCHEDULE 1

                             Fursa Managed Accounts

Fursa Rediscovered Opportunities Fund L.P. (formerly known as Mellon HBV
Rediscovered Opportunities Fund L.P.), a Delaware limited partnership

Fursa Global Event Driven Fund L.P. (formerly known as Mellon HBV Global Event
Driven Fund L.P.), a Delaware limited partnership

Fursa Capital Partners LP (formerly known as Mellon HBV Capital Partners LP), a
Delaware limited partnership

Blackfriars Master Vehicle LLC, a Delaware limited liability company

AXIS RDO Ltd., a company incorporated in the Bahamas

                                       1-1

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