Document:

ex10_42.htm

  
    Exhibit
10.42

    

    

    

     

    
      	 	
              March 23,
      2007

            	 

    

     

     

    

    FIVE
STAR GROUP, INC.

    903
Murray Road

    P.O. Box
1960

    East
Hanover, New Jersey 07936

    Attention:
Neal Collins, Chief Financial Officer

    

    
      	
               
      

            	
              Re:

            	
              $35,000,000
      Revolving Loan from Bank of America, N.A. to Five Star Group,
      Inc.

            

    

    

    
      	
               
      

            	
              SEVENTH
      MODIFICATION AGREEMENT:

            

    

    
      	
               
      

            	
              Consent
      to Borrower’s execution of, and performance under, March 13, 2007 “Asset
      Purchase Agreement” between Borrower (as purchaser) and Right-Way Dealer
      Warehouse, Inc. (as seller)

            

    

    

    Dear Mr.
Collins:

    

    On or
about June 20, 2003, Five Star Group, Inc. (“Borrower”) and Bank of
America, N.A. (through its predecessor Fleet Capital Corporation and hereinafter
“Lender”) entered into a
certain Loan and Security Agreement which has been amended by the following
instruments of modification (such certain Loan and Security Agreement as so
amended being hereinafter referred to as the “Loan Agreement”):

    

    
      	
               
      

            	
              (a)

            	
              an
      instrument of modification dated as of May 28, 2004 and entitled “First
      Modification Agreement”;

            

    

     

    
      	
               
      

            	
              (b)

            	
              an
      instrument of modification dated as of March 22, 2005 and entitled “Second
      Modification Agreement”;

            

    

     

    
      	
               
      

            	
              (c)

            	
              an
      instrument of modification dated as of June 1, 2005 and entitled “Third
      Modification Agreement”;

            

    

     

    
      	
               
      

            	
              (d)

            	
              an
      instrument of modification dated as of September 26, 2005, but effective
      as of August 1, 2005, and entitled “Fourth Modification Agreement”;
      and

            

    

     

    
      	
               
      

            	
              (e)

            	
              an
      instrument of modification dated as of November 14, 2005, but effective as
      of August 1, 2005, and constituting a fifth modification agreement;
      and

            

    

     

    
      	
               
      

            	
              (f)

            	
              an
      instrument of modification dated as of March 23, 2006, and constituting a
      sixth modification agreement.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
        FIVE STAR
GROUP, INC.

        Attention: Neal Collins,
Chief Financial Officer

        March 23,
2007

        Page
2

         

      

    

    Section
6.2(a) of the Loan Agreement provides in relevant part as follows:

     

    6.2          Changes
in Business:

    (a)           .
.. . BORROWER will not . . . make any material change in its business or in the
nature of its operation.

     

    Section
6.3(c) of the Loan Agreement provides in relevant part as follows:

     

    6.3          Dissolution,
Mergers, Acquisitions, Formation of Subsidiaries:

    BORROWER
will  . . . not acquire all or substantially all of the assets . . .
of any corporation or other entity.

    

    Borrower
has advised Lender that Borrower has entered into a certain March 13, 2007,
agreement entitled “Asset Purchase Agreement” (the “Right-Way Asset Purchase
Agreement”) pursuant to which Borrower has agreed to acquire substantially all
the assets of Right-Way Dealer Warehouse, Inc., a Massachusetts
corporation.  If concluded without Lender’s consent, such acquisition
would violate Section 6.2 and Section 6.3 of the Loan Agreement.

    

    In
recognition of the foregoing, Borrower has requested that Lender modify the Loan
Agreement so as to allow Borrower to acquire substantially all the assets of the
aforesaid Right-Way Dealer Warehouse, Inc., pursuant to the terms and conditions
of the Right-Way Asset Purchase Agreement without causing a violation of Section
6.2 and Section 6.3 of the Loan Agreement.

    

    In this
regard and in honor of such request, Lender agrees to, and does hereby, allow
Borrower to acquire substantially all the assets of the aforesaid Right-Way
Dealer Warehouse, Inc., pursuant to the terms and conditions of the Right-Way
Asset Purchase Agreement without causing a violation of Section 6.2 and Section
6.3 of the Loan Agreement.

    

    Lender’s
aforesaid consent is subject to Borrower’s confirmation and acceptance of the
following terms and conditions (and Borrower’s acceptance of this letter by its
execution of a copy hereof will be deemed such confirmation and
acceptance):

    
    

     

    
      	 	(1)	This
      consent relates only to Borrower’s acquisition of substantially all the
      assets of the aforesaid Right-Way Dealer Warehouse, Inc., pursuant to the
      terms and conditions of the Right-Way Asset Purchase
      Agreement.
	 	 	 
	 	(2)	The provisions of
      Section 6.2 and Section 6.3 of the Loan Agreement, as hereby amended, will
      otherwise remain in effect without change for all other
  purposes.

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
        FIVE STAR
GROUP, INC.

        Attention: Neal Collins,
Chief Financial Officer

        March 23,
2007

        Page
3

         

         

        
          
            	 	(3)	(a)	
                    Borrower must
      confirm and, by its acceptance and execution of a copy of this letter,
      does confirm that all amounts due and owing under the Revolving Loan, the
      Loan Agreement
      and the Loan Documents described therein (hereinafter the “Loan Documents”) are
      owed to Lender without offset, defense, recoupment, set-off, deduction,
      or
      unterclaim.

                  
	 	 	 	 
	 	 	(b)	Borrower must
      confirm and, by its acceptance and execution of a copy of this letter,
      does confirm that as of the opening of business on March 20, 2007, the
      following principal and
      interest amounts were owed on the Revolving
  Loan:
	 	 	 	 
	 	 	 	(1)     
      Principal      $18,834,761.49
	 	 	 	(2)     
      Interest:       interest which has accrued
      from March 1, 2007
	 	 	 	 
	 	(4)	Borrower
      must confirm and, by its acceptance and execution of a copy of this
      letter, does confirm that there exist no claims or charges against any
      actions or inactions of Lender in extending
      the Revolving Loan or in making disbursements thereunder or in otherwise
      administering the Revolving Loan, the Loan Agreement and/or the Loan
      Documents.
	 	 	 	 
	 	(5)
      	Borrower must
      waive, release and discharge and, by its acceptance and execution of a
      copy of this letter, does waive, release and discharge any and all claims
      or causes of action of any kind whatsoever,
      whether at law or in equity, arising on or prior to the date hereof, which
      Borrower may have against Lender, its predecessors, its successors and
      assigns, agents, employees and counsel, in connection with the Revolving
      Loan, the Loan Agreement and the Loan Documents. The waivers and releases
      made herein include the waiver of any damages which may have been or may
      in the future be caused to Borrower or to its properties or business
      prospects because of the actions waived and released and the agreements
      made herein, including without limitation, any actual or implicit, direct
      or indirect, incidental or consequential damages suffered by Borrower
      therefrom, including but not limited to (a) lost profits, (b) loss of
      business opportunity, (c) increased financing costs, (d) increased legal
      and other administrative fees and (e) damages to business
      reputation.
	 	 	 	 
	 	(6)	Borrower must
      confirm and, by its acceptance and execution of a copy of this letter,
      does confirm that all of the terms, covenants and provisions of the
      Revolving Loan, the Loan Agreement
      and the Loan Documents (as all have been heretofore and hereby amended)
      shall continue in full force and effect.
	 	 	 	 
	 	(7)	Borrower must
      continue to comply with the terms of the Revolving Loan and not be in
      default thereunder.

          

           

        

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
        FIVE STAR
GROUP, INC.

        Attention: Neal Collins,
Chief Financial Officer

        March 23,
2007

        Page
4

         

        
          
            
              	 	(8) 	All rights of Lender
      shall continue to be determined in accordance with the Loan Agreement and
      the Loan Documents until all Liabilities (as defined in the Loan
      Agreement) are paid in full.
	 	 	 	
                    
	 	(9)	This letter will be
      deemed a modification of the Loan Agreement and Borrower’s obligations
      hereunder will be considered a covenant of the Loan
Agreement.
	 	 	 	 
	 	(10)	All
      of the Loan Documents described and defined in the Loan Agreement shall be
      deemed to be amended in manner consistent hereto and conforming
      herewith.
	 	 	 	 
	 	(11)	Five Star Products,
      Inc., as guarantor of the amounts owed under the Loan Agreement, must
      confirm to Lender that its instrument of guaranty continues in full force
      and effect and is not
      impaired or otherwise lessened or adversely affected by the waiver and
      amendment granted by this letter.
	 	 	 	 
	 	(12)	JL Distributors,
      Inc.
      as the holder of debt whose payment has been subordinated to the
      payment of the Liabilities owed under the Loan Agreement, must confirm to
      Lender that its
      instrument of subordination continues in full force and effect and is not
      impaired or otherwise lessened or adversely affected by the waiver and
      amendment granted by this letter.
	 	 	 	 
	 	(13)	Borrower
      must pay for the services of Lender’s counsel who was engaged to review
      the Loan Agreement and to assist in the preparation of this letter and
      authorizes Lender to effect
      payment of such fee in the manner allowed by the “Authorization to Charge
      Accounts” as set forth in the Loan
Agreement.

            

          

        

      

    

     

    If
Borrower is in agreement with the terms and conditions of this letter, please
execute and also have guarantor Five Star Products, Inc., and subordinated debt
holder JL Distributors, Inc.,
execute the enclosed copy of this letter and return it to me no later than March
26, 2007.

     

    
      
        	 	
                Very
      truly yours,

              	 
	 	 	 
	 	BANK
      OF AMERICA, N.A.	 
	 	 	 
	 	/s/
      EDMUNDO KAHN	 
	 	By:	Edmundo
      Kahn, Vice President	 

      

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
        FIVE STAR
GROUP, INC.

        Attention: Neal Collins,
Chief Financial Officer

        March 23,
2007

        Page
5

    

    CONSENT
OF FIVE STAR GROUP, INC.

    

    FIVE STAR GROUP, INC., hereby
agrees to the terms and conditions of the above letter as of March 23,
2007.

    

    
      
        	WITNESS: 	 	FIVE STAR GROUP,
      INC.
	 	 	 	 
	 	 	 	 
	/s/
      LYDIA DESANTIS	 	By:	
                /s/
      JOHN BELKNAP

              
	
                Lydia
      DeSantis, Corporate Secretary

              	 	 	
                John
      Belknap, Exec. VPex10_43.htm

  
    Exhibit
10.43

    

    

    

    

    

     

    
      	 	
              March
      25, 2008

            	 

    

     

     

    

    FIVE
STAR GROUP, INC.

    10 East
40th Street

    Suite
3110

    New York,
New York 10116

    Attention:  Ira
Sobotko

    

    

    
      	
               
      

            	
              Re:

            	
              $35,000,000
      Revolving Loan from Bank of America, N.A. to Five Star Group,
      Inc.

            
	 	 	 
	 	 	
              EIGHTH
      MODIFICATION AGREEMENT:

            
	 	 	      
              waiver of Borrower’s
      compliance with Capital Expenditures covenant of Section 6.16 (a) of the
      Loan Agreement for the fiscal year ended December 31,
      2007

               

              
                amendment of the
      formula which determines Borrower’s compliance with the Fixed Charge
      Coverage covenant set forth in Section 5.21 of the Loan
      Agreement 

              

            

    

    
    

     

     

    Dear Mr.
Sobotko:

    

    On or
about June 20, 2003, Five Star Group, Inc. (“Borrower”) and Bank of
America, N.A. (through its predecessor Fleet Capital Corporation and hereinafter
“Lender”) entered into a
certain Loan and Security Agreement which has been amended by the following
instruments of modification (such certain Loan and Security Agreement as so
amended being hereinafter referred to as the “Loan Agreement”):

    

    
      	
               
      

            	
              (a)

            	
              an
      instrument of modification dated as of May 28, 2004 and entitled “First
      Modification Agreement”;

            

    

     

    
      	
               
      

            	
              (b)

            	
              an
      instrument of modification dated as of March 22, 2005 and entitled “Second
      Modification Agreement”;

            

    

     

    
      	
               
      

            	
              (c)

            	
              an
      instrument of modification dated as of June 1, 2005 and entitled “Third
      Modification Agreement”;

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      FIVE STAR
GROUP, INC.

      March 25,
2008

      Page
2

    

     

    
      	
               
      

            	
              (d)

            	
              an
      instrument of modification dated as of September 26, 2005, but effective
      as of August 1, 2005, and entitled “Fourth Modification
      Agreement”;

            

    

     

    
      	
               
      

            	
              (e)

            	
              an
      instrument of modification dated as of November 14, 2005, but effective as
      of August 1, 2005, and constituting a fifth modification
      agreement;

            

    

     

    
      	
               
      

            	
              (f)

            	
              an
      instrument of modification dated as of March 23, 2006, but effective as of
      December 31, 2005, and constituting a sixth modification agreement;
      and

            

    

     

    
      	
               
      

            	
              (g)

            	
              an
      instrument of modification dated as of March 23, 2007, and constituting a
      seventh modification agreement

            

    

     

    Section
6.16(a) of the Loan Agreement provides in relevant part as follows:

    

    6.16           Capital
Expenditures:

    

    (a)             BORROWER
will not incur Capital Expenditures in an amount exceeding $500,000 in any fiscal
year.

    

    Borrower
has incurred Capital Expenditures during the fiscal year ended on December 31,
2007 of $665,000 which, based upon the limitation contained in Section 6.16(a)
of the Loan Agreement, constitutes an Event of Default under, among other
provisions, Section 7.2 of the Loan Agreement.

    

    In
recognition of the foregoing, Borrower has requested that Lender waive
compliance with Section 6.16 (a) of the Loan Agreement for the fiscal year ended
December 31, 2007, to the extent necessary to accommodate the aforesaid $665,000
of Capital Expenditures and waive the aforesaid Event of Default.

    

    In this
regard and in honor of such request, Lender waives Borrower’s failure to comply
with Section 6.16 (a) of the Loan Agreement for the fiscal year ended December
31, 2007, but only to the extent necessary to accommodate the aforesaid $665,000
of Capital Expenditures and waive the aforesaid Event of Default.

    

    Borrower has also requested that Lender
do each of the following:

    

    (1)           amend
the formula which determines Borrower’s compliance with the Fixed Charge
Coverage covenant set forth in Section 5.21 of the Loan Agreement by increasing
the amount of Borrower’s earnings by “non-cash charges related to any equity
instruments (common stock, options and warrants) issued to any employee,
director, or consultant”;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      FIVE STAR
GROUP, INC.

      March 25,
2008

      Page
3

    

     

    (2)           amend
the formula which determines Borrower’s compliance with the “No Year-to-Date Net
Loss in Excess of $300,000” covenant set forth in Section 6.14 of the Loan
Agreement by increasing the amount of Borrower’s earning by “non-cash charges
related to any equity instruments (common stock, options and warrants) issued to
any employee, director, or consultant”; and

    

    (3)           amend
the formula which determines Borrower’s compliance with the “Losses in Any Two
Consecutive Fiscal Quarters” covenant set forth in Section 6.15 of the Loan
Agreement by increasing the amount of Borrower’s earning by “non-cash charges
related to any equity instruments (common stock, options and warrants) issued to
any employee, director, or consultant”.

    

    In this
regard and in honor of such requests, Lender hereby amends the formula which
determines Borrower’s compliance with the Fixed Charge Coverage covenant set
forth in Section 5.21 of the Loan Agreement by deleting Section 5.21(c)(1) as it
now exists and replacing it with the following:

     

    
    

     

    
      	(c) (1) 
      For
      purposes of this covenant, “Fixed
      Charge Coverage” means the following ratio:
	 	 	 
	 	
              BORROWER’s
      earnings before interest, taxes, depreciation and amortization and before
      the income statement component of any change in valuation arising under
      the Master Agreement,

              PLUS non-cash charges
      related to any equity instruments (common stock, options and warrants)
      issued to any employee, director, or consultant,

              LESS BORROWER’s “Unfunded Capital
      Expenditures”,

              LESS cash payment of
      income tax liabilities,

              LESS cash distributions
      to stockholders,

              LESS all scheduled
      principal payments paid as allowed by the Subordinated Seller Note (at the
      present time there being no scheduled payments allowed by the Subordinated
      Seller Note)

            	 
	 	 	 
	 	
              --divided
      by--

            	 
	 	 	 
	 	
              interest
      expense,

              PLUS the current
      maturities of

              long
      term debt as reported in BORROWER’s annual

              financial
      statements for its fiscal year immediately preceding the applicable test
      period,

              PLUS current maturities
      of Capital Lease Obligations as reported in BORROWER’s annual financial
      statements for its fiscal year immediately preceding the applicable test
      period

            	 

    

    
    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      FIVE STAR
GROUP, INC.

      March 25,
2008

      Page
4

    

     

    Also in
honor of such requests, Lender hereby amends the formula which determines
Borrower’s compliance with the “No Year-to-Date Net Loss in Excess of $300,000”
covenant set forth in Section 6.14 of the Loan Agreement and Borrower’s
compliance with the “Losses in Any Two Consecutive Fiscal Quarters” covenant set
forth in Section 6.15 of the Loan Agreement by, in each case, increasing the
amount of Borrower’s earning by “non-cash charges related to any equity
instruments (common stock, options and warrants) issued to any employee,
director, or consultant”.

    

    Lender’s
aforesaid waiver of  Borrower’s failure to comply with Section 6.16
(a) of the Loan Agreement for the fiscal year ended December 31, 2007, and
Lender’s aforesaid amendment of the formula determining Borrower’s compliance
with the Fixed Charge Coverage covenant of Section 5.21 of the Loan Agreement
and Borrower’s compliance with the “No Year-to-Date Net Loss in Excess of
$300,000” covenant set forth in Section 6.14 of the Loan Agreement and
Borrower’s compliance with the “Losses in Any Two Consecutive Fiscal Quarters”
covenant set forth in Section 6.15 of the Loan Agreement are subject to
Borrower’s confirmation and acceptance of the following terms and conditions
(and Borrower’s acceptance of this letter by its execution of a copy hereof will
be deemed such confirmation and acceptance):

    

    
      	
               
      

            	
              (1)

            	
              This
      consent relates only to Borrower’s failure to comply with Section 6.16 (a)
      of the Loan Agreement for the fiscal year ended December 31, 2007, and
      only to the extent necessary to accommodate the aforesaid $665,000 of
      Capital Expenditures and waive the aforesaid Event of
    Default.

            

    

    

    
      	
               
      

            	
              (2)

            	
              The
      provisions of Section 6.16 of the Loan Agreement will otherwise remain in
      effect without change for all other
purposes.

            

    

    

    
      	
               
      

            	
              (3)

            	
              This
      consent relates only to the amendment of the formula determining
      Borrower’s compliance with the Fixed Charge Coverage covenant of Section
      5.21 of the Loan Agreement and Borrower’s compliance with the “No
      Year-to-Date Net Loss in Excess of $300,000” covenant set forth in Section
      6.14 of the Loan Agreement and Borrower’s compliance with the “Losses in
      Any Two Consecutive Fiscal Quarters” covenant set forth in Section 6.15 of
      the Loan Agreement, in all cases as at December 31, 2007, and test dates
      thereafter.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      FIVE STAR
GROUP, INC.

      March 25,
2008

      Page
5

    

     

    
      	
               
      

            	
              (4)

            	
              (a)

            	
              Borrower
      must confirm and, by its acceptance and execution of a copy of this
      letter, does confirm that all amounts due and owing under the Revolving
      Loan, the Loan Agreement and the Loan Documents described therein
      (hereinafter the “Loan
      Documents”) are owed to Lender without offset, defense, recoupment,
      set-off, deduction, or counterclaim.

            
	 	 	 	 
	 	 	
              (b)

            	
              Borrower
      must confirm and, by its acceptance and execution of a copy of this
      letter, does confirm that as of March 12, 2008, the following principal
      and interest amounts were owed on the Revolving Loan:

            
	 	 	 	 
	 	 	 	(1)           Principal                      $ 24,375,532.98
	 	 	 	(2)          
      Interest:                      interest
      which has accrued from March 1, 2008

    

     

    
      	
               
      

            	
              (5)

            	
              Borrower
      must confirm and, by its acceptance and execution of a copy of this
      letter, does confirm that there exist no claims or charges against any
      actions or inactions of Lender in extending the Revolving Loan or in
      making disbursements thereunder or in otherwise administering the
      Revolving Loan, the Loan Agreement and/or the Loan
    Documents.

            

    

    

    
      	
               
      

            	
              (6)

            	
              Borrower
      must waive, release and discharge and, by its acceptance and execution of
      a copy of this letter, does waive, release and discharge any and all
      claims or causes of action of any kind whatsoever, whether at law or in
      equity, arising on or prior to the date hereof, which Borrower may have
      against Lender, its predecessors, its successors and assigns, agents,
      employees and counsel, in connection with the Revolving Loan, the Loan
      Agreement and the Loan Documents.  The waivers and releases made
      herein include the waiver of any damages which may have been or may in the
      future be caused to Borrower or to its properties or business prospects
      because of the actions waived and released and the agreements made herein,
      including without limitation, any actual or implicit, direct or indirect,
      incidental or consequential damages suffered by Borrower therefrom,
      including but not limited to (a) lost profits, (b) loss of business
      opportunity, (c) increased financing costs, (d) increased legal and other
      administrative fees and (e) damages to business
  reputation.

            

    

    

    
      	
               
      

            	
              (7)

            	
              Borrower
      must confirm and, by its acceptance and execution of a copy of this
      letter, does confirm that all of the terms, covenants and provisions of
      the Revolving Loan, the Loan Agreement and the Loan Documents (as all have
      been heretofore and hereby amended) shall continue in full force and
      effect.

            

    

    

    
      	
               
      

            	
              (8)

            	
              Borrower
      must continue to comply with the terms of the Revolving Loan and not be in
      default thereunder.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      FIVE STAR
GROUP, INC.

      March 25,
2008

      Page
6

       

    

    
      	
               
      

            	
              (9)

            	
              All
      rights of Lender shall continue to be determined in accordance with the
      Loan Agreement and the Loan Documents until all Liabilities (as defined in
      the Loan Agreement) are paid in
full.

            

    

    

    
      	
               
      

            	
              (10)

            	
              This
      letter will be deemed a modification of the Loan Agreement and Borrower’s
      obligations hereunder will be considered a covenant of the Loan
      Agreement.

            

    

    

    
      	
               
      

            	
              (11)

            	
              All
      of the Loan Documents described and defined in the Loan Agreement shall be
      deemed to be amended in manner consistent hereto and conforming
      herewith.

            

    

    

    
      	
               
      

            	
              (12)

            	
              Five
      Star Products, Inc., as guarantor of the amounts owed under the Loan
      Agreement, must confirm to Lender that its instrument of guaranty
      continues in full force and effect and is not impaired or otherwise
      lessened or adversely affected by the waiver and amendment granted by this
      letter.

            

    

    

    
      	
               
      

            	
              (13)

            	
              JL
      Distributors, Inc., as the
      holder of debt whose payment has been subordinated to the payment of the
      Liabilities owed under the Loan Agreement, must confirm to Lender that its
      instrument of subordination continues in full force and effect and is not
      impaired or otherwise lessened or adversely affected by the waiver and
      amendment granted by this letter.

            

    

    

    
      	
               
      

            	
              (14)

            	
              Borrower
      must pay for the services of Lender’s counsel who was engaged to review
      the Loan Agreement and to assist in the preparation of this letter and
      authorizes Lender to effect payment of such fee in the manner allowed by
      the “Authorization to Charge Accounts” as set forth in the Loan
      Agreement.

            

    

    

    If
Borrower is in agreement with the terms and conditions of this letter, please
execute and also have guarantor Five Star Products, Inc., and subordinated debt
holder JL Distributors, Inc., execute the enclosed copy of this letter and
return it to me no later than March 31, 2008.

    
       

      
        
          	 	
                  Very
      truly yours,

                	 
	 	 	 
	 	
                  BANK
      OF AMERICA, N.A.

                	 
	 	 	 
	 	/s/
      EDMUNDO KAHN	 
	 	 	 	 
	 	By:	Edmundo
      Kahn, Vice President	 

        

         

      

    

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
    

    
      
        FIVE STAR
GROUP, INC.

        March 25,
2008

        Page
7

         

      

    CONSENT
OF FIVE STAR GROUP, INC.

    

    FIVE STAR GROUP, INC., hereby
agrees to the terms and conditions of the above letter as of March 25,
2008.

    
      

      
        
          	WITNESS: 	 	FIVE STAR GROUP,
      INC.
	 	 	 	 
	 	 	 	 
	
                  /s/ CAROLE
      NUSSBAUM

                	 	By:	
                  /s/
      JOHN BELKNAP

                
	
                  Carole
      Nussbaum

                	 	 	
                  
                    John
      Belknap

                  

                
	 	 	 	Vice
    President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]