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EXHIBIT 10.1

                          SECURITIES EXCHANGE AGREEMENT

This  SECURITIES  EXCHANGE  AGREEMENT is made this 12th day of February 2003, by
and among WENTWORTH III, INC., a Delaware corporation having its principal place
of  business  at  650  South  Cherry  Street,  Suite 420, Denver, Colorado 80246
("Wentworth"),  WHITCO  COMPANY,  L.L.P.,  a Texas limited liability partnership
having  its principal place of business at 6777 Camp Bowie Boulevard, Suite 233,
Forth Worth, Texas 76116 ("Whitco") and the partners of Whitco listed on Annex A
hereto  (the  "Whitco  Partners").

     WHEREAS, Whitco has issued and outstanding an aggregate of 892.82 limited
liability partnership units ("LLP Units") and 241.3485 options to purchase
limited liability partnership units, which such options are granted but
unexercised, to certain of its officers and employees ("Option Units") (the LLP
Units and Option Units are referred to collectively herein as the "Units"); and

     WHEREAS,  Wentworth  is  authorized  to  issue  40,000,000 shares of common
stock,  par value $.01 per share (the "Wentworth Common Stock") of which 200,000
shares (the "Issued Wentworth Shares") are issued and outstanding and 10,000,000
shares  of  preferred  stock,  par  value  $.01  share (the "Wentworth Preferred
Stock"),  of  which  no  shares  are issued or outstanding. The Wentworth Common
Stock  and  the Wentworth Preferred Stock are referred to collectively herein as
the  "Wentworth  Shares";  and

     WHEREAS,  Wentworth,  Whitco  and  the Whitco Partners desire to effect the
exchange  of  all  of the Units for shares of authorized, but unissued Wentworth
Common  Stock  (the  "Wentworth Exchange Shares"), upon the terms and subject to
the  conditions  set  forth  in  this  Agreement  (the "Security Exchange"); and

     WHEREAS,  upon  the  issuance  thereof,  the Wentworth Exchange Shares will
constitute  not  less  than  80%  of the issued and outstanding capital stock of
Wentworth;  and

     WHEREAS,  it  is  contemplated  that  Whitco  will  become  a subsidiary of
Wentworth;  and

     WHEREAS,  the parties to this Agreement intend and desire that the Security
Exchange  shall  constitute  a  tax-free  reorganization  within  the meaning of
Section  351  of the Internal Revenue Code of 1986, as amended (the "Code"); and

     WHEREAS,  none  of  the  parties  to this Agreement has either requested or
obtained,  nor  will  they  request,  a  private letter ruling from the Internal
Revenue  Service  or  any  opinion  of  counsel  to the effect that the Security
Exchange will constitute a tax-free reorganization within the meaning of Section
351  of  the  Code;  and

     WHEREAS,  the  Whitco  Partners recognize and acknowledge that, in light of
the  foregoing,  there  can be no assurance from Wentworth or Whitco, nor is any
assurance  intended,  that  the  Security  Exchange  will  constitute a tax-free

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reorganization under Section 351 of the Code and that they must consult with and
rely  upon  their  own advisors for advice regarding the tax consequences of the
Security  Exchange;  and

     WHEREAS, the Board of Directors of Wentworth and the partners of Whitco
(together with Wentworth, the "Companies") deem it advisable and generally to
the advantage and welfare of each of the respective Companies, and their
respective shareholders and partners, that the Security Exchange be effected
under the terms and conditions hereinafter set forth.

     NOW,  THEREFORE, in consideration of the premises, covenants and conditions
hereof,  the  parties  hereto  do  mutually  agree  as  follows:

     1. Votes on Security Exchange and Related Matters. Whitco shall, as soon as
        ----------------------------------------------
practicable  but  prior  to  Closing (as defined below) (i) cause a special
meeting  of  its  partners  to  be called to consider and vote upon the Security
Exchange  on  the  terms  and  conditions  hereinafter set forth, or (ii) obtain
written  consent  of  such  partners  as  is  necessary  to approve the Security
Exchange.  If  the  Security  Exchange is approved in accordance with applicable
law,  subject  to  the  further  conditions  and provisions of this Agreement, a
closing  of  this  Agreement  shall be held (the "Closing") and all documents or
instruments  deemed necessary or appropriate by the parties hereto to effect the
Security  Exchange,  shall  be executed as promptly as possible thereafter.  The
time  when  the Security Exchange becomes effective is referred to herein as the
"Effective  Time."

     2.  Representations, Warranties and Covenants of Whitco. Whitco represents,
        -----------------------------------------------------
warrants  and  covenants  as  follows,  except  to  the  extent set forth on the
schedule  of exceptions in the form of Schedule A annexed hereto and made a part
                                       ----------
hereof,  with  such exceptions to apply solely to the representation as to which
they  are  scheduled,  except  to  the  extent  otherwise  specifically
cross-referenced:

          2.1 Organization; Capitalization. Whitco is, and on the effective date
              -----------------------------
of the Security Exchange (the  "Effective Date") will be, a duly organized and a
validly  existing  limited  partnership  in  good standing under the laws of its
state  of  formation, and has all requisite corporate power and authority to own
its  properties  and  operate  its  business  as presently conducted.  There are
issued  and  outstanding,  and  on  the  Effective Date there will be issued and
outstanding,  only  the  Units, all of which are, and on the Effective Date will
be, duly authorized and validly issued.  Other than the Option Units, there are,
and  on the Effective Date there will be, no outstanding rights, options or
warrants to purchase any equity interest in Whitco, including but not limited to
any  partnership units of Whitco, and there will be no other or any other issued
or  outstanding  securities  of  any  nature  convertible into or exercisable or
exchangeable  for  partnership  units of Whitco.  The LLP Units have been issued
pursuant  to  an appropriate exemption from the registration requirements of the
Securities  Act and from any applicable registration requirements of the various
states.  In  the  event  any  of  the  Option  Units  are exercised prior to the
Effective  Date, such units shall be issued pursuant to an appropriate exemption
from the registration requirements of the Securities Act and from any applicable
registration  requirements  of  the  various  states.

          2.2  Authority.  Whitco  and  the Whitco Partners each has, and on the
              ---------
Effective  Date will have, full power and authority to enter into this Agreement

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and, subject to any required partner or other third party approval in accordance
with  the laws of the State of Texas or such other state as to which Whitco
may  be  subject  as  a  result  of  any agreement pursuant to which third party
approval  is required, to consummate the transactions contemplated hereby.  This
Agreement  and  the  transactions contemplated hereby have been duly approved by
all  requisite corporate action on the part of Whitco and, prior to the Closing,
by  the other Whitco Partners whose consent is required under applicable law and
the  Amendment  and  Restatement of Partnership Agreement of Whitco, dated as of
the  Effective  Date  (the  "Partnership  Agreement").

          2.3  Binding  Agreement.  This  Agreement  has  been duly executed and
               -----------------
delivered  by  Whitco and constitutes the legal, valid and binding obligation of
Whitco  and the Whitco Partners, enforceable against them in accordance with the
terms  hereof,  except  as  may  be  limited  by  bankruptcy,  insolvency,
reorganization, moratorium or similar laws of general application relating to or
affecting  the  enforcement  of rights hereunder or general principles of equity
(regardless  of  whether  such  enforceability  is considered in a proceeding in
equity  or  at  law).

          2.4  No Conflicts. The execution and delivery by Whitco and the Whitco
               ------------
Partners of this Agreement, the consummation and performance of the transactions
herein contemplated, and compliance with the terms of this Agreement by Whitco
and the Whitco Partners will not conflict with, result in a breach of or
constitute or give rise to a default under (i) any indenture, mortgage, deed of
trust or other agreement, instrument or contract to which Whitco or any Whitco
Partner is now a party or by which it or any of its assets or properties are
bound; (ii) Whitco's Certificate of Limited Partnership or Partnership
Agreement; or (iii) any law, order, rule, regulation, writ, injunction, judgment
or decree of any government, governmental instrumentality or court, domestic or
foreign, having jurisdiction over Whitco, any of the Whitco Partners or any of
Whitco's business or properties wherein such breach could have a material
adverse effect on Whitco or any of its business or properties.

          2.5 Subsidiaries. Whitco does not have, and on the Effective Date will
             ------------
not have, any subsidiaries, nor does it own any direct or indirect interest in
any other business entity.

          2.6  Foreign Qualifications. Whitco is, and on the Effective Date will
             ----------------------
be, qualified or licensed as a foreign limited partnership in all jurisdictions
where its business or ownership of assets so requires, except where the failure
to be qualified or licensed would not be reasonably expected to have a material
adverse effect on the business of Whitco.  The business of Whitco does not
require it to be registered as an investment company or investment adviser, as
such terms are defined under the Investment Company Act of 1940 and the
Investment Advisers Act of 1940, each as amended.

          2.7 Financial Statements. All financial statement of Whitco previously
              --------------------
delivered to Wentworth (the "Financial Statements") fairly present in all
material respects the financial position, results of operations and other
information purported to be shown therein of Whitco, at the dates and for the
respective periods to which they apply.  All such Financial Statements have been
prepared in conformity with generally accepted accounting principles
consistently applied throughout the periods involved, and have been adjusted for
all normal and recurring accruals and are incorporated herein by reference.

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          2.8  Material Adverse Change. There has not been, and on the Effective
               -----------------------
Date there will not have been in the aggregate, any material adverse change in
the condition, financial or otherwise, of Whitco from that set forth in the
Financial Statements.

          2.9  Ordinary Course of Business. Except for transactions occurring in
               ---------------------------
the ordinary course of business, there has not been, and on the Effective Date
there will not have been, any single transaction involving Whitco since
September 30, 2002 in an amount in excess of $100,000.

          2.10  Liabilities;  Claims.  There are, and on the Effective Date will
               -------------------
be,  no  liabilities  (including, but not limited to, tax liabilities) or claims
against  Whitco  (whether such liabilities or claims are contingent or absolute,
direct  or  indirect,  matured  or  unmatured)  not  appearing  on the Financial
Statements,  other  than  (i)  liabilities  incurred  in  the ordinary course of
business  since  September  30,  2002,  (ii)  taxes  accrued  on  earnings since
September  30, 2002 which are not yet due or payable, or (iii) liabilities which
in  the  aggregate  do  not  exceed  $50,000.

          2.11 Tax Returns. All federal, state, county and local income, excise,
               -----------
property and other tax returns required to be filed by Whitco have been filed,
and all required taxes, fees or assessments have been paid or an adequate
reserve therefor has been established in the Financial Statements.  The federal
income tax returns and state and foreign income tax returns of Whitco have not
been audited by the Internal Revenue Service ("IRS") or any other taxing
authority within the past five (5) years.  Neither the IRS nor any state, local
or other taxing authority has proposed any additional taxes, interest or
penalties with respect to Whitco or any of its operations or businesses.  There
are no pending, or to the knowledge of Whitco, threatened, tax claims or
assessments, and there are no pending, or to the knowledge of Whitco,
threatened, tax examinations by any taxing authorities.  Whitco has not given
any waivers of rights (which are currently in effect) under applicable statutes
of limitations with respect to the federal income tax returns of Whitco for any
year.

          2.12  Title  to  Assets.  Except  as  provided  for  in  the Financial
                ---------------
Statements,  Whitco,  has,  and  on  the  Effective  Date  will  have,  good and
marketable  title  to all of its furniture, fixtures, equipment and other assets
owned  by  Whitco,  and  such  assets  are  owned free and clear of all security
interests,  pledges,  liens,  restrictions  and  encumbrances  of every kind and
nature.  Whitco  is  the  owner  of  its inventory as set forth in the Financial
Statements  and  has  good  and  marketable  title  thereto.

          2.13  Accounts Receivable. The accounts receivable as set forth in the
                -------------------
Financial Statements represent amounts due for goods sold or services rendered
by Whitco in the ordinary course of business and, except as reserved for in the
Financial Statements, Whitco believes are collectable in the ordinary course of
business.

          2.14  Material  Contracts.  A  copy  (or  summary  if  oral)  of  all
                ------------------
agreements,  contracts,  arrangements,  understandings  and commitments, whether
written  or  oral, to which Whitco is or on the Effective Date will be, a party,
or from which Whitco will receive substantial benefits and which are material to
Whitco  (collectively,  "Whitco  Contracts"),  have been or will be delivered to
Wentworth  or  its  counsel.  Any Whitco Contracts entered into between the date

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hereof  and  the  Effective  Date  will be delivered to Wentworth or its counsel
prior  to  Closing.  Whitco is not now, nor will it be on the Effective Date, in
material  default  under  any  Whitco Contract and to the knowledge of Whitco no
other  party  to  any  Whitco  Contract  is in material default thereunder. Each
Whitco  Contract is a legal, valid and binding obligation of Whitco, enforceable
against  it  in  accordance  with  their  respective  terms.  The  validity  and
enforceability  of, and rights of Whitco contained in, each such Whitco Contract
shall  not  be  adversely  effected by the Security Exchange or the transactions
contemplated  hereby  or  any  actions  taken  in  furtherance  hereof.

     2.15 Legal Proceedings. There are, and on the Effective Date there will be,
          -----------------
no legal, administrative, arbitral or other proceedings, claims, actions or
governmental investigations of any nature pending, or to Whitco's knowledge,
threatened, involving Whitco, individually or in the aggregate, in which an
unfavorable determination could result in suspension or termination of Whitco's
business  or  authority  to  conduct  such business in any jurisdiction or could
result  in  the  payment  by  Whitco  of  more than $100,000, or challenging the
validity or propriety of the transactions contemplated by this Agreement. Whitco
is  not a party to any order, judgment or decree which will, or might reasonably
be  expected  to,  materially  adversely  affect  the  business,  operations,
properties,  assets  or  financial  condition  of  Whitco.

     2.16  Certain  Transactions.  Since September 30, 2002 there have been, and
           --------------------
through  the  Effective  Date  there  will  be:  (i) no bonuses or extraordinary
compensation  paid  to  any of the officers or partners of Whitco, (ii) no loans
made to or any other transactions with any of the officers or partners of Whitco
or their families and (iii) no dividends or other distributions declared or paid
by  Whitco,  except  those distributions made to partners for federal income tax
purposes.

     2.17 Insurance. Whitco has, and on the Effective Date will have, maintained
          ---------
casualty and liability policies and other insurance policies with respect to its
business  which  are  appropriate  and customary for businesses similar in size,
industry  and risk profile. Copies of all of the policies of insurance and bonds
presently  in  force  with respect to Whitco, including without limitation those
covering  properties,  buildings,  machinery,  equipment, worker's compensation,
officers  and  directors  and  public  liability,  have  been  made available to
Wentworth.  All such insurance is outstanding and in full force and effect, with
all  premiums  thereon  duly  paid,  and  Whitco  has not received any notice of
cancellation  of  any  such  policies.

     2.18  Intellectual  Property.  Whitco  has,  and on the Effective Date will
           ---------------------
have,  no  patents,  patent applications, trademarks, trademark registrations or
applications,  trade names, copyrights, copyright registrations or applications,
or  other  intellectual  property.  Whitco  does  not  have  knowledge  of  any
infringements  by  it  of  any  third  party's  intellectual  property.

     2.19 Compliance with Laws. Since its acquisition in June, 2000, Whitco has,
           --------------------
and on the Effective Date will have, in all material respects operated its
business and conducted its affairs in compliance with all applicable laws, rules
and regulations, except where the failure to so comply did not have and would
not be expected to have a material adverse effect on its business or property.

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     2.20  Related  Party  Contracts. There are, and on the Effective Date there
           -----------------------
will  be,  no loans, leases or other Whitco Contracts outstanding between Whitco
and any of its officers, partners, any holders of more than five percent (5%) or
more  of the Units or any person related to or affiliated with any such officers
or  directors  or  holders  of more than five percent (5%) or more of the Units.

     2.21 Officer and Director Information. Since its acquisition in June, 2000,
          --------------------------------
neither Whitco nor any of its officers or partners, nor any person intended upon
consummation of the Security Exchange to be nominated by Whitco to become an
officer or director of Wentworth or any successor entity or subsidiary, has been
the subject of:

          (a)  a  petition  under  the  Federal  bankruptcy  laws  or  any other
     insolvency  or  moratorium  law  or has a receiver, fiscal agent or similar
     officer been appointed by a court for the business or property of Whitco or
     such  person,  or  any partnership in which Whitco or any such person was a
     general  partner  at or within two years before the time of such filing, or
     any  corporation or business association of which Whitco or any such person
     was  an  executive  officer  at or within two years before the time of such
     filing;

          (b)  a  conviction  in  a  criminal proceeding or a named subject of a
     pending  criminal  proceeding  (excluding  traffic  violations which do not
     relate  to  driving  while  intoxicated  or  driving  under the influence);

          (c)  any  order,  judgment  or  decree,  not  subsequently  reversed,
     suspended  or  vacated, of any court of competent jurisdiction, permanently
     or  temporarily  enjoining  Whitco  or  any  such person from, or otherwise
     limiting,  the  following  activities:

               (i)  Acting as a futures commission merchant, introducing broker,
          commodity  trading  advisor,  commodity  pool  operator, floor broker,
          leverage  transaction  merchant,  any  other  person  regulated by the
          United  States  Commodity  Futures Trading Commission or an associated
          person  of  any  of  the  foregoing,  or  as  an  investment  adviser,
          underwriter,  broker  or  dealer  in  securities,  or as an affiliated
          person,  director or employee of any investment company, bank, savings
          and  loan  association  or  insurance  company,  or  engaging  in  or
          continuing  any  conduct or practice in connection with such activity;

               (ii)  Engaging  in  any  type  of  business  practice;  or

               (iii) Engaging in any activity in connection with the purchase or
          sale  of any security or commodity or in connection with any violation
          of  Federal,  state  or  other  securities  laws  or commodities laws;

          (d)  any  order,  judgment  or  decree,  not  subsequently  reversed,
     suspended  or  vacated,  of  any Federal, state or local authority barring,
     suspending  or otherwise limiting for more than 60 days the right of Whitco
     or  any  such  person  to engage in any activity described in the preceding
     sub-paragraph,  or  to  be  associated  with  persons  engaged  in any such
     activity;

          (e)  a  finding by a court of competent jurisdiction in a civil action
     or  by  the  Securities  and Exchange Commission (the "Commission") to have

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     violated  any securities law, regulation or decree and the judgment in such
     civil  action  or  finding  by  the  Commission  has  not been subsequently
     reversed,  suspended  or  vacated;  or

          (f)  a  finding by a court of competent jurisdiction in a civil action
     or by the Commodity Futures Trading Commission to have violated any federal
     commodities  law,  and the judgment in such civil action or finding has not
     been  subsequently  reversed,  suspended or vacated. All items described in
     clauses  (a)  through (f) above are collectively referred to herein as "Bad
     Events."

     2.22  Benefit  Plans. Whitco does not have any pension plan, profit sharing
           --------------
or similar employee benefit plan other than its 401(k) plan, which is managed by
its  employee  leasing  company.

     2.23  Consents  and  Approvals.  Except for the consent and approval of the
           ------------------------
partners  of  Whitco,  no  consents or approvals of, or filings or registrations
with,  any  third  party  or  any  public  body  or  authority  are necessary in
connection  with  (i) the execution and delivery by Whitco of this Agreement and
(ii)  the  consummation  by  Whitco  of  the  Security Exchange and of all other
transactions  contemplated  hereby.

     2.24  Finder's  Fees. Whitco knows of no person who rendered any service in
           -------------
connection with the introduction of the Companies to any of the other Companies,
for a "finder's fee" or similar type of fee in connection with the Security
Exchange and the other transactions contemplated hereby, except for Keating
Investments, LLC which will receive 200,000 shares of Wentworth Common Stock as
a fee in connection with the Security Exchange.

     2.25  Employee Matters. No employees of Whitco are on strike or to the best
           ----------------
of Whitco's knowledge threatening any strike or work stoppage.  Whitco does not
have any obligations under any collective bargaining or labor union agreements,
nor is Whitco involved in any material controversy with any of its employees or
any organization representing any of its employees.   Whitco believes its
relationships with its employees are good.

     2.26  Disclosure.  None of the information supplied or to be supplied by or
           ----------
about Whitco herein or for inclusion or incorporation by reference in any
information to be supplied to holders of Wentworth Common Stock concerning the
Security Exchange contains any untrue statement of a material fact or omits to
state any material fact required to be stated therein or necessary in order to
make the statements therein, in light of the circumstances under which they are
made, not misleading.

     2.27  Actions  Prior  to Closing. From the date hereof through the Closing,
           ------------------------
Whitco shall not, other than in the ordinary course of business, consistent with
past practice, without due consent of Wentworth:

          (a) sell, lease, assign, transfer or otherwise dispose of any material
     assets,  including  cash;

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          (b)  incur  or  agree  to  assume  or  assume,  guarantee,  endorse or
     otherwise  in  any  way be or become responsible or liable for, directly or
     indirectly,  any  material  contingent  obligation;

          (c)  make  any  material  capital  expenditure;

          (d)  participate or engage in any discussions or negotiations with any
     person regarding, or enter into any transaction concerning, a merger, stock
     exchange  or  consolidation,  other  than with the other parties hereto, or
     liquidate  or dissolve itself (or suffer any liquidation or dissolution) or
     convey,  sell,  lease, transfer or otherwise dispose of, in one transaction
     or  a  series  of  related  transactions,  all or a substantial part of its
     property,  business,  assets or units, or other securities convertible into
     equity,  or  make  any  material change in the present method of conducting
     business;

          (e)  declare  or  pay  any  dividends  or  make any other distribution
     (whether  in cash or property) on any of its partnership units (except that
     Whitco  shall  be entitled to make distributions to its partners sufficient
     to allow them to pay income taxes on Whitco's taxable income passed through
     to  them,  consistent  with past practices), or purchase, redeem, retire or
     otherwise  acquire  for value any partnership units or warrants or options,
     whether  now  or  hereafter  outstanding;

          (f)  make  or suffer to exist any advances or loans to, or investments
     in  any  person,  firm, corporation or other business entity not a party to
     this  letter  of  intent;

          (g)  make  any  amendment  to  its  Application for Registered Limited
     Liability  Partnership;

          (h)  enter  into  or  amend  any employment agreements or increase the
     salary  or  bonus  of  any  existing  employee;

          (i) enter into any new material agreement or be or become liable under
     any  new  material  agreement  for  the  lease,  hire or use of any real or
     personal  property;

          (j)  create,  incur,  assume or suffer to exist, any mortgage, pledge,
     lien,  charge, security interest or encumbrance of any kind upon any of its
     property,  assets,  income  or  profits,  whether  now  owned  or hereafter
     acquired;  or

          (k)  enter  into  any commitment with respect to any of the foregoing.

3.     Representations,  Warranties  and  Covenants  of  Wentworth.  Wentworth
       -----------------------------------------------------------
represents, warrants and covenants as follows, except to the extent set forth in
the  Schedule  of  Exceptions  in the form of Schedule B annexed hereto and
                                              ----------
made  part  hereof  ("Wentworth  Schedule  of  Exceptions"):

     3.1 Organization; Capitalization. Wentworth is a duly organized and validly
          ----------------------------
     existing  corporation  in  good  standing  under  the  laws of the State of
Delaware,  authorized  to  issue  an aggregate of 40,000,000 shares of Wentworth
Common  Stock  and  10,000,000  shares  of  Wentworth  Preferred  Stock.  On the
Effective Date, there will be issued and outstanding no more than 200,000 shares

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of  Wentworth Common Stock, all of which such issued and outstanding shares will
be  validly  issued, fully paid and nonassessable.  On the Effective Date, there
will  be  issued and outstanding no shares of Wentworth Preferred Stock.  Except
as contemplated by this Agreement, on the Effective Date there will be no issued
or  outstanding  securities  and  no  issued or outstanding options, warrants or
other rights, or commitments or agreements of any kind, contingent or otherwise,
to  purchase  or otherwise acquire Wentworth Shares or any issued or outstanding
securities  of  any  nature  convertible  into  Wentworth  Shares other than the
200,000 shares of Wentworth Common Stock which are currently outstanding.  There
is  no  proxy  or  any other agreement, arrangement or understanding of any kind
authorized,  effective  or  outstanding  which  restricts,  limits  or otherwise
affects  the  right  to  vote  any  Wentworth  Shares.

     3.2  Binding  Agreement.  This  Agreement and the transactions contemplated
          ------------------
hereby  have  been  duly  approved by the Board of Directors of Wentworth.  This
Agreement  has been duly executed and delivered by Wentworth and constitutes the
legal,  valid  and  binding  obligation  of  Wentworth enforceable against it in
accordance  with  the  terms  hereof,  except  as  may be limited by bankruptcy,
insolvency,  reorganization,  moratorium  or similar laws of general application
relating  to  or  affecting  the  enforcement  of  rights  hereunder  or general
principles of equity (regardless of whether such enforceability is considered in
a  proceeding  in  equity  or  at  law).

     3.3 Recent Business Operations. The business of Wentworth and the Wentworth
          --------------------------
Subsidiaries (as hereinafter defined), since their respective incorporation, has
been limited to the search for an acquisition or merger partner and certain
transactions described in its filings with the Commission (the "SEC Filings"),
and except for transactions described in the SEC Filings, Wentworth and the
Wentworth Subsidiaries have not engaged in any other business since their
respective incorporation.

     3.4  Foreign  Qualifications.  Wentworth is, and on the Effective Date will
          ----------------------
be, duly authorized, qualified and licensed under any and all applicable laws,
regulations, ordinances or orders of public authorities to carry on its business
in the places and in the manner as presently conducted.  The business of
Wentworth does not require it to be registered as an investment company or
investment advisor, as such terms are defined under the Investment Company Act
and the Investment Advisors Act of 1940.

     3.5  Subsidiaries.  Wentworth  has, and on the Effective Date will have, no
          ------------
subsidiaries.

     3.6 Financial Statements. The financial statements of Wentworth, consisting
         --------------------
of its Balance Sheets, Statement of Operations, Statement of Stockholders'
Equity and Statement of Cash Flows, all as at or for periods ending September
30, 2002, and all together with accompanying notes, if any, are complete and
correct in all material respects, present fairly the financial position of
Wentworth, the results of operations and changes in financial position for the
period covered thereby, and were prepared in accordance with generally accepted
accounting principles consistently applied, and have been adjusted for all
normal and recurring accruals.  All the financial statements referenced herein

                                        9
<PAGE>

regarding Wentworth are collectively referred to as the "Wentworth Financial
Statements", all of which have been delivered to Whitco and are true, correct
and complete in all material respects.

     3.7 No Adverse Changes. There has not been, and on the Effective Date there
         ------------------
will not have been, any material change in the financial condition of Wentworth
and the Wentworth Subsidiaries from that set forth in the Wentworth Financial
Statements except for (i) transactions in the ordinary course of business, (ii)
transactions relating to this Agreement, and (iii) the incurring of expenses and
liabilities relating to this Agreement.

     3.8  Liabilities.  There  are,  and  on  the  Effective  Date  will  be, no
         -----------
liabilities (including, but not limited to, tax liabilities) of, or claims
against, Wentworth (whether such liabilities or claims are contingent or
absolute, direct or indirect, accrued or unaccrued and matured or unmatured) not
appearing on the Wentworth Financial Statements, except for (i) liabilities for
expenses incurred relating to this Agreement and the consummation of the
transactions contemplated hereby and (ii) liabilities and commitments incurred
or made in the ordinary course of Wentworth's business or taxes incurred on
earnings since September 30, 2002.

     3.9  Tax  Returns.  All  Federal,  state,  county and local income, excise,
           -----------
property or other tax returns required to be filed by Wentworth have been timely
filed and all required taxes, fees and assessments have been paid or an adequate
reserve therefore has been provided for in the Wentworth Financial Statements.

     3.10  Assets.  Wentworth  have,  and  on  the  Effective Date will have, no
           ------
fixtures, furniture, equipment, inventory, accounts receivable or other assets.

     3.11  Material  Contracts.  Wentworth  each have, and on the Effective Date
           ------------------
will have, no material contracts to which it is, or on the Effective Date will
be, a party, except as described in the Wentworth Financial Statements.

     3.12  No  Conflicts.  The  execution  and  delivery  by  Wentworth  of this
           ------------
Agreement, the consummation and performance of the transactions herein
contemplated and compliance with the terms of this Agreement by Wentworth will
not conflict with, result in a breach of or constitute a default under (i) any
indenture, mortgage, deed of trust or other agreement, instrument or contract to
which Wentworth is now a party or by which it or any of its assets or properties
is bound; (ii) the Certificate of Incorporation or the bylaws of Wentworth, in
each case as amended; or (iii) any law, order, rule, regulation, writ,
injunction, judgment or decree of any government, governmental instrumentality
or court, domestic or foreign, having jurisdiction over Wentworth or any of its
business or properties.

     3.13 Legal Proceedings. There are, and on the Effective Date there will be,
          -----------------
no legal, administrative, arbitral or other proceedings, claims, actions or
governmental investigations of any nature pending or to Wentworth's knowledge
threatened, against Wentworth, including, but not limited to any shareholder
claims or derivative actions, or challenging the validity or propriety of the
transactions contemplated by this Agreement, and, to Wentworth's best knowledge,
there is no reasonable basis for any proceeding, claim, action or governmental
investigation against Wentworth. Wentworth is not a party to any order, judgment
or decree which will, or might reasonably be expected to, materially adversely
affect the business, operations, properties, assets or financial condition of
Wentworth.
                                       10
<PAGE>

     3.14  Certain  Transactions.  Other  than  as disclosed in the SEC Filings,
           --------------------
there have been, and to the Effective Date there will be (i) no salaried or
otherwise compensated employees and no bonuses paid to any officer or director
of Wentworth; (ii) no loans made to or transactions with any officer or director
of Wentworth; (iii) no dividends or other distributions declared or paid by
Wentworth; and (iv) no purchase by Wentworth or any third party of any of the
Wentworth Shares.

     3.15  Issuances  of  Securities.  Wentworth  has not, except for the Issued
           -------------------------
Wentworth Shares, issued or committed itself to issue, and to the Effective Date
will  not  issue  or  commit  itself  to issue, any Wentworth Shares or any
options,  rights,  warrants,  or  other  securities  convertible  into Wentworth
Shares,  except  as  contemplated  by  this  Agreement.

     3.16  Intellectual Property. Wentworth has no patents, patent applications,
           ---------------------
trademarks,  trademark  registrations,  trade  names, copyrights, copyright
registrations  or  applications  therefor.  Wentworth  has  no  knowledge of any
infringements  by  Wentworth  of  any  third  party's  intellectual  property.

     3.17  Compliance  with  Laws. Wentworth has, and on the Effective Date will
           --------------------
have, in all material respects operated its business and conducted its affairs
in compliance with all applicable laws, rules and regulations, except where the
failure to so comply did not have and would not be expected to have a material
adverse effect on its business or property.  To the best of its knowledge,
Wentworth is not in violation of any Federal, state or local environmental law
or regulation.

     3.18  Related  Party  Transactions.  On the Effective Date there will be no
           --------------------------
loans, leases, commitments, arrangements or other contracts of any kind or
nature outstanding between (i) Wentworth or (ii) any officer or director of
Wentworth or any person related to or affiliated with any officer or director of
Wentworth.

     3.19  Officers  and Directors. During the past five year period, no current
           ----------------------
officer or director of Wentworth has been the subject of any Bad Event.

     3.20  Employee Benefit Plans. Wentworth has no pension plan, profit sharing
           ----------------------
or similar employee benefit plan.

     3.21  Consents.  Except  for  the  consent  and  approval  of  the Board of
           --------
Directors of Wentworth, the effectiveness of a post-effective amendment to
Wentworth's registration statement on Form SB-2, registration number 333-75044
(the "Registration Statement"), delivery of an amended prospectus to all
Wentworth shareholders and the waiver by all of Wentworth's shareholders of any
rights to rescind their share purchases pursuant to Rule 419 promulgated under
the Securities Act of 1933, as amended ("Rule 419") and the filing of Commission
Form 8-K, no consents or approvals of, or filings or registrations with, any
third party or any public body or authority are necessary in connection with (i)

                                       11
<PAGE>

the execution and delivery by Wentworth of this Agreement or (ii) the
consummation by Wentworth of the Security Exchange and the other transactions
contemplated hereby.  Wentworth has, and on the Effective Date will have, full
power and authority to enter into this Agreement and to consummate the
transactions contemplated hereby.

     3.22  Finder's  Fees. Wentworth knows of no person who rendered any service
           -------------
in connection with the introduction of the Companies to any of the other
Companies, for a "finder's fee" or similar type of fee in connection with the
Security Exchange and the other transactions contemplated hereby except for
Keating Investments, LLC which will receive 200,000 shares of Wentworth Common
Stock as a fee in connection with the Security Exchange.

     3.23  Employees.  Wentworth  has  no  employees.
            ---------

     3.24  Rule 419. Wentworth's initial public offering of securities was
           ---------
conducted  in  full  compliance  with  all  applicable  securities  laws  and
regulations,  including  without  limitation,  all the requirements of Rule 419.

     3.25     Disclosure.  None of the information supplied or to be supplied by
              ----------
or  about  Wentworth  to  Whitco  concerning  the Security Exchange contains any
untrue statement of a material fact or omits to state any material fact required
to  be  stated  therein or necessary in order to make the statements therein, in
light  of  the  circumstances  under  which  they  are  made,  not  misleading.

     3.26  Registration.  The  Wentworth  Common  Stock  is,  and  at  the
           ------------
Effective Date will be, validly registered pursuant to Section 12(g) of the
Securities Exchange Act of 1934, as amended.

4.     Representations  to  Survive  Closing.  All  of  the  representations,
       -------------------------------------
covenants  and  warranties contained in this Agreement (including all statements
contained  in  any  certificate or other instrument delivered by or on behalf of
Wentworth  or  Whitco  pursuant  hereto  or  in connection with the transactions
contemplated hereby) shall survive the Closing for a period of one (1) year from
the  Effective  Date.

5.     Exchange  of  Securities.
       -------------------------

     5.1  Whitco  Partners'  Exchange  of  Units.
          --------------------------------------
Upon  the  terms and subject to the conditions contained herein, and in reliance
upon  the  representations, warranties, covenants and indemnifications contained
herein, the Whitco Partners hereby agree to convey, transfer, assign and deliver
to  Wentworth,  and Wentworth hereby agrees to acquire from the Whitco Partners,
on  the  Closing  Date,  all  of  the  rights,  title and interest of the Whitco
Partners  in  and  to  the  Units.  The  number of Units to be delivered by each
Whitco  Partner  is  set  forth  opposite such Whitco Partner's  name on Annex A
                                                                         -------
hereto.

     5.2  Wentworth  Exchange  of  Shares.
           -------------------------------
Upon  the  terms and subject to the conditions contained herein, and in reliance
upon  the  representations, warranties, covenants and indemnifications contained
herein,  Wentworth  hereby  agrees to issue the Wentworth Exchange Shares to the

                                       12
<PAGE>

Whitco  Partners  on the Closing Date and the Whitco Partners hereby agree to so
acquire  the  Wentworth  Exchange Shares from Wentworth.  The Wentworth Exchange
Shares  shall  be  delivered  to  the Whitco Partners on a pro rata basis as set
forth  on  Annex A, in accordance with the formula set forth below in Section 6.
           -------

6.     Treatment  of  Securities  of  in  the  Security Exchange.  The terms and
       ---------------------------------------------------------
conditions  of the Security Exchange, the mode of carrying the same into effect,
and  the  manner  and  basis  of exchanging the securities of each of Whitco and
Wentworth  are  as  follows:

     6.1  Treatment  of  Units.  The  Units  shall be converted by virtue of the
          --------------------
Security  Exchange,  and  at  the Effective Date, into an aggregate of 3,800,000
shares  of Wentworth Common Stock ("Whitco Shares"), on the basis of 3,350.47217
shares  of  Wentworth Common Stock for each Unit, without any action on the part
of  the holders thereof. After the Effective Date, each holder of Units prior to
the  Security  Exchange  shall  be  entitled,  upon  surrender,  to receive from
Wentworth  a  certificate  representing the number of shares of Wentworth Common
Stock  to  which  such holder shall be entitled, which certificate shall contain
any  appropriate  restrictive  legend  concerning  the  resale of such Wentworth
Common  Stock.  Until  so  surrendered,  any  outstanding  certificates or other
documentation  which,  prior  to the Effective Date, represented Units, shall be
deemed  for  all  corporate  purposes  to evidence ownership of Wentworth Common
Stock  into  which  such  Units  shall  have  been exchanged. Upon exchange, any
fractional Wentworth Common Stock resulting from exchange shall be rounded up to
the  next  highest  whole  number.

     6.2  Treatment  of  Option  Units.  The  Option  Units shall be replaced at
          ----------------------------
closing  by  options  to  purchase  Wentworth  Common Stock on the same basis of
conversion  as  set  forth  in  Section  6.1  above.

     6.3  Treatment  of  Whitco  Convertible  Debentures.  In  the  event  any
           ----------------------------------------------
convertible  debentures  of  Whitco are still outstanding on the Effective Date,
such  convertible  debentures  shall be converted into Wentworth Common Stock on
the  same  basis  of  conversion  as  set  forth  in  Section  6.1  above.

7.  Conditions  of Obligations of Wentworth. The obligation of Wentworth to
    ----------------------------------------
consummate the Security Exchange is subject to the following conditions prior to
the  Effective  Date:

     7.1  Compliance  with  Representations  and  Warranties. Whitco shall be in
          --------------------------------------------------
compliance  with  its representations, warranties and covenants contained herein
in  all  material respects, and Wentworth shall receive from Whitco certificates
to  such  effect  from  the  President  of  Whitco  as  of  the  Effective Date.

     7.2  Losses.  Whitco  shall  not  have  suffered a loss on account of fire,
          ------
flood, accident or other calamity of such a character as to interfere materially
with  the  continuous  operation  of  its  business  or  materially  affect
adversely  its  condition,  financial or otherwise, regardless of whether or not
such  loss  shall  have  been  insured.

                                       13
<PAGE>

     7.3  No  Material  Transactions.  No  material  transaction shall have been
          ------------------------
entered into by Whitco other than transactions in the ordinary course of
business between December 31, 2002 and the Effective Date, other than as
referred to in this Agreement or in Schedule A annexed hereto, except with the
prior written consent of Wentworth.

     7.4  No Material Adverse Change; Due Diligence. Except as disclosed in this
          -----------------------------------------
Agreement or in the schedules annexed hereto, no material adverse change in the
aggregate shall have occurred in the financial condition, business, properties,
assets, liabilities, results of operations or prospects of Whitco since
September 30, 2002.  Additionally, Wentworth shall be satisfied in all material
respects with the results of its due diligence investigation of Whitco.

     7.5 Disposition of Assets. None of the properties or assets of Whitco shall
          ---------------------
have been sold or otherwise disposed of other than in the ordinary course of
business in accordance with past practice during such period, except with the
prior written consent of Wentworth.

     7.6  Conditions.  Whitco  shall  have  performed  and  complied  with  the
          ----------
provisions and conditions of this Agreement on its part to be performed and
complied with.

     7.7  Filings and Approvals. All applicable filings and regulatory approvals
          ---------------------
required to be made or obtained by Whitco have been made or obtained.

     7.8  Partner  Approvals.  This  Agreement and the transactions contemplated
          -----------------
hereby shall have been approved by appropriate action of the general partner and
the other Partners, as required, of Whitco and resolutions to that effect in
form and substance reasonably satisfactory to Wentworth and its counsel, shall
have been delivered to Wentworth.

     7.9  Compliance with Securities Laws. There shall have been full compliance
          -------------------------------
with the applicable securities or "blue sky" laws and regulations of any state
or other governmental body having jurisdiction over the Security Exchange.

     7.10  Opinions  of  Counsel.  Wentworth shall have received an opinion from
           -------------------
counsel to Whitco in form and substance reasonably satisfactory to Wentworth's
counsel.

     7.11  Investment  Representation. Whitco shall have obtained an instrument,
           -------------------------
in the form annexed hereto as Exhibit A, from the Whitco Partners, including a
                              ---------
representation that the shares of Wentworth Common Stock being acquired as a
result of the transactions contemplated by this Agreement are being acquired for
investment purposes only and not with a view to, or sale in connection with, any
distribution within the meaning of the Securities Act of 1933, as amended.

     Compliance with the provisions of this Section 7 shall be evidenced by the
certificate of the President and Secretary of Whitco.

8.     Conditions  of  Obligations  of  Whitco  and  the  Whitco  Partners.  The
       -------------------------------------------------------------------
obligations  of  Whitco  and  the  Whitco  Partners  to  consummate the Security
Exchange  are  subject  to the following conditions prior to the Effective Date:

                                       14
<PAGE>

     8.1  Compliance  with Representations and Warranties. Wentworth shall be in
          ------------------------------------------------
compliance  with its representations, warranties and covenants contained herein,
and  Whitco shall have received from Wentworth a certificate to such effect from
its  President  as  of  the  Effective  Date.

     8.2  Losses. Wentworth shall not have suffered any loss on account of fire,
          ------
flood, accident or other calamity of such a character as to interfere materially
with  the  continuous  operation  of  its  business or materially adversely
affect  its condition, financial or otherwise, regardless of whether or not such
loss  shall  have  been  insured.

     8.3  No  Material  Transactions.  No  material transactions shall have been
          ------------------------
entered into by Wentworth, other than transactions in the ordinary course of
business, since September 30, 2002, other than as referred to in this Agreement
or in connection herewith, except with the prior written consent of Whitco.

     8.4  No  Material Adverse Change; Due Diligence. No material adverse change
          -----------------------------------------
shall have occurred in the financial condition, business, properties, assets,
liabilities, results of operations or prospects of Wentworth since September 30,
2002, other than as referred to in this Agreement.  Additionally, Whitco shall
be satisfied in all material respects with the results of its due diligence
investigation of Wentworth.

     8.5 Disposal of Assets. None of the properties or assets of Wentworth shall
          ------------------
have been sold or otherwise disposed of, other than in the ordinary course of
business since September 30, 2002, except with the written consent of Whitco.

     8.6 Compliance with Conditions. Wentworth shall have performed and complied
          --------------------------
with the provisions and conditions of this Agreement on its part to be performed
and complied with.

     8.7     Filings and Approvals.  All applicable filings required to be made
             ---------------------
and  regulatory  approvals, as well as any other third party approvals, obtained
by  Wentworth  have  been  made  or  obtained.  In particular, but not by way of
limitation,  Wentworth  shall  have  caused to become effective the Registration
Statement  pursuant  to  Rule  419,  offering  each  shareholder of Wentworth an
opportunity to rescind their share purchases, and no such shareholder shall have
so  rescinded  by  the  end  of  the  time  period  required  by  Rule  419.

     8.8     Board  Resignations.  Wentworth  shall  have  held a meeting of its
             -------------------
Board  of  Directors  at  which  meeting  all of its directors except one (to be
chosen  by Wentworth) shall have resigned seriatim and the persons designated by
Whitco  shall  have  been  elected as directors of Wentworth, all subject to the
consummation  of  the  Security  Exchange.

     8.9     Opinions.  Whitco  shall  have  received  opinions  from counsel to
             --------
Wentworth  in  form  and  substance reasonably satisfactory to Whitco's counsel.

     Compliance with the provisions of this Section 8 shall be evidenced by the
certificates of the respective Presidents and Secretaries of Wentworth to be
delivered at Closing.

                                       15
<PAGE>

9.     Post  Closing  Covenants.
       ------------------------

     9.1 Amendment of Wentworth Certificate of Incorporation. Promptly following
         ---------------------------------------------------
the  Closing,  Wentworth shall prepare and file preliminary proxy materials
to  be  sent  to the shareholders of Wentworth and call a special meeting of the
shareholders  of  Wentworth  (the  "Special  Meeting")  to  be  held  as soon as
practicable  after  the  Closing,  for  the  purpose  of  amending  Wentworth's
Certificate  of  Incorporation to change its corporate name to Catalyst Lighting
Group,  Inc.  and  such  other  matters  as  Wentworth  shall  deem appropriate.
Wentworth  shall  use  its best efforts to promptly and substantively respond to
any Commission comments to such preliminary proxy materials and to file with the
Commission and mail to Wentworth shareholders definitive proxy materials as soon
as  practicable  thereafter.

10.     Covenants  of  Principal  Shareholders  of  Wentworth.
        -----------------------------------------------------

      10.1 Amendment of Wentworth Certificate of Incorporation. Kevin R. Keating
            ----------------------------------------------------
("Keating")  and  Spencer I. Browne ("Browne") each agrees that he will vote all
shares of Wentworth capital stock beneficially owned or controlled by him at the
Special  Meeting  in  favor  of the amendment of Wentworth's Certificate of
Incorporation  to  change  its  corporate  name to Catalyst Lighting Group, Inc.

      10.2 Election  of  Directors.  Keating  and Browne each agrees that, for a
           -----------------------
period  of  twelve  months  following  the  Closing,  he will vote all shares of
Wentworth  capital stock beneficially owned or controlled by him in favor of the
election  of  four  persons  chosen  by  Dennis  H.  Depenbusch,  and reasonably
acceptable  to  the  Wentworth  Board  of  Directors, as members of the Board of
Directors of Wentworth.  The persons initially chosen by Dennis H. Depenbusch to
be  elected as a member of the Board of Directors of Wentworth, and who are
acceptable  to  the  Wentworth Board of Directors, are Mary Titus, Henry Glover,
Tracy  B.  Taylor  and  Dennis  H.  Depenbusch.

     11.  Abandonment. This Agreement and the Security Exchange may be abandoned
          -----------
(a)  by  any  of  the  Companies,  acting  by  its Board of Directors or general
partner,  as  applicable,  by written notice to the other parties hereto, at any
time  in the event of the failure of any condition in favor of such entity as to
which  the  consummation  of  the  Security  Exchange  is subject, or (b) by the
consent  of  all the Companies, acting each by its Board of Directors or general
partner,  as  applicable, at any time prior to the Effective Date.  In the event
of  abandonment  of  this Agreement, the same shall become wholly void and of no
effect,  and  there shall be no further liability or obligation hereunder on the
part  of  any of the Companies, their respective Boards of Directors or managing
partner  or  any  other  party  to  this  Agreement.

     12.  Closing  or  Termination.  In  the event the Closing of this Agreement
           ------------------------
shall not take place due to failure of any condition of Closing required herein,
then  any  party shall have the right to terminate this Agreement, in which
event  no party shall have any further right or obligation as against any other.
If Whitco shall fail to close for any reason other than failure of any condition
of  Closing  required  herein  to  be performed on the part of Wentworth, Whitco
shall  pay  to  Wentworth a break-up fee of $25,000 in cash.  If Wentworth shall

                                       16
<PAGE>

fail  to  close  for  any  reason other than failure of any condition of Closing
required  herein  to  be performed on the part of Whitco, Wentworth shall pay to
Whitco  a  break-up  fee  of  $25,000  in  cash.

     13.  Delivery  of  Corporate  Proceedings  of  Wentworth.  At  the Closing,
          -----------------------------------------------
Wentworth shall deliver to counsel for Whitco the originals of all of the
corporate proceedings of Wentworth, duly certified by its Secretary, relating to
this Agreement.

     14.  Delivery  of Partnership Proceedings of Whitco. At the Closing, Whitco
           ----------------------------------------------
shall deliver to counsel for Wentworth the originals of all of the partnership
proceedings of Whitco, duly certified by its Secretary, relating to this
Agreement.

     15. Limitation of Liability. The representations and warranties made by any
          -----------------------
party to this Agreement are intended to be relied upon only by the other parties
to this Agreement and by no other person.  Nothing contained in this Agreement
shall be deemed to confer upon any person not a party to this Agreement any
third party beneficiary rights or any other rights of any nature whatsoever.

     16.  Further Instruments and Actions. Each party shall deliver such further
          -------------------------------
instruments and take such further action as may be reasonably requested by any
other in order to carry out the intent and purposes of this Agreement.

     17.  Governing Law. This Agreement is being delivered and is intended to be
          -------------
performed in the State of Texas, and shall be construed and enforced in
accordance with the laws of such state, without regard to conflicts of laws
thereof.

     18. Notices. All notices or other communications to be sent by any party to
         -------
this Agreement to any other party to this Agreement shall be sent by certified
mail, personal delivery or nationwide overnight courier to the addresses
hereinbefore designated, or such other addresses as may hereafter be designated
in writing by a party.  Notice shall be deemed given and received on the date of
actual delivery to the address specified thereon.

     19. Binding Agreement. This Agreement represents the entire agreement among
         -----------------
the parties hereto with respect to the matters described herein and is binding
upon and shall inure to the benefit of the parties hereto and their legal
representatives, successors and permitted assigns.  This Agreement may not be
assigned and, except as stated herein, may not be altered or amended except in
writing executed by the party to be charged.

     20.  Counterparts.  This  Agreement may be executed in counterparts, all of
         ------------
which, when taken together, shall constitute the entire Agreement.

     21.  Severability.  The provisions of this Agreement shall be severable, so
         ------------
that the unenforceability, validity or legality of any one provision shall not
affect the enforceability, validity or legality of the remaining provisions
hereof.

     22.  Joint  Drafting.  This  Agreement shall be deemed to have been drafted
         --------------
jointly by the parties hereto, and no inference or interpretation against any
party shall be made solely by virtue of such party allegedly having been the
draftsperson of this Agreement.

                                       17
<PAGE>

     23.  Reliance on Certificates. In rendering any opinion referred to herein,
         ------------------------
counsel for the parties hereto may rely, as to any factual matters involved in
their respective opinions, on certificates of public officials and of corporate
and company officers, and on such other evidence as such counsel may reasonably
deem appropriate and, as to the matters governed by the laws of jurisdictions
other than the United States or the States of Delaware and Texas, an opinion of
local counsel in such other jurisdiction(s), which counsel shall be satisfactory
to the other parties in the exercise of their reasonable discretion.

     24.  Public  Announcements.  All  parties  hereto  agree  that  any  public
         --------------------
announcement, press release or other public disclosure of the signing of this
Agreement shall be made jointly and only after all parties hereto have reviewed
and approved the language and timing of such disclosure, except as such
disclosure may be required pursuant to any legal obligation or order of any
court having proper jurisdiction over any of the parties hereto.

     25.  Consent.  Whenever  consent  is  required  to  be  given by any of the
          -------
Companies to
any of the other Companies hereunder in connection with any matter contemplated
hereby, such consent shall not be unreasonably withheld, delayed or conditioned.

     26.     Assignment.  Neither this Agreement nor any right or obligation
             ----------
hereunder is assignable in whole or in part, whether by operation of law or
otherwise, by any party without the express written consent of the other party
hereto and any such attempted assignment shall be void and unenforceable;
provided, however, that, notwithstanding the foregoing, Whitco may, at any time
--------  -------
prior to or after the Closing, transfer or assign this Agreement or any right or
obligation hereunder to a limited partnership (the "LP") wherein all of the
Whitco Partners and option holders of Whitco are partners and option holders of
the LP, owning and having the right to own substantially the same proportion of
partnership units in the LP as they currently own in Whitco.  In conjunction
with such assignment to an LP, any Whitco Partner may assign all or any portion
of any LLP Units owned by such Whitco Partner to a limited liability company
serving as the general partner of the LP.

                                       18
<PAGE>

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

                         WENTWORTH  III,  INC.,
                         a  Delaware  corporation

                         By:
                           _______________________________________
                         Kevin  R.  Keating,  President

                         WHITCO  COMPANY,  L.L.P.,  a  Texas  limited  liability
                         partnership

                         By:
                         _________________________________________
                         Dennis  H.  Depenbusch,  Managing  Member

                         THE  WHITCO  PARTNERS:

                         _________________________________________
                         Celestine  C.  Depenbusch

                         JUNE  M.  OCHSNER  REVOCABLE  TRUST

                         By:  __________________________________
                         Name:
                         Title:

                         LARRY  D.  DOSKOCIL  LIVING  TRUST

                         By:  _________________________________
                         Name:
                         Title:

                                       19
<PAGE>

                         JOHN  M.  AND  JACQUELINE  N.
                         MIDDLEKAMP,  JTWROS

                         By:  _________________________________
                         Name:
                         Title:

                         DENNIS  H.  DEPENBUSCH  REVOCABLE
                         TRUST

                         By:  _________________________________
                         Name:
                         Title:

As to the provisions of Section 10 of the Securities
Exchange Agreement:

_______________________________
KEVIN R. KEATING

_______________________________
SPENCER I. BROWNE

                                       20
<PAGE>

Schedule A     Whitco Schedule of Exceptions

Schedule B     Wentworth Schedule of Exceptions

Annex A        Whitco Partners

Exhibit A      Investment Representation

                                       21
<PAGE>
                                   SCHEDULE A

Section 2.4-  1.    Approval of A.M. Rhyne LP, Jacqueline Middlekamp and Kip
                    Pritchard required to convert to limited partnership.
              2.    Approval from PNC Bank is required.

Section  2.9-       We  have  spent  in  the  aggregate  more  than  $100,000
                    for  the development of our sport lighting fixture division.
                    All  such  expenditures  appear on the Financial Statements.

Section 2.14-       We are in default as to covenants of the loan agreement with
                    PNC Bank relating to tangible net worth, debt ratio and cash
                    flow  coverage.

Section 2.18-       We are in the process of trademarking both the Catalyst
                    Lighting  Group  and  its logo and Whitco. No final approval
                    has  been  granted  by  the  PTO.

Section 2.23-       Approval from PNC Bank is required

Section 2.27-       As previously disclosed to Wentworth, we have had
                    conversations  with  Qualite Sports Lighting regarding their
                    potential  acquisition  by  Whitco.

                                       22
<PAGE>
                                   SCHEDULE B

None.

                                       23
<PAGE>

                                     ANNEX A
                                                     Number of Shares
                                                     of Wentworth Common Stock
Partner                          Partnership Units   to be received at closing
--------                        -------------------  -------------------------
Dennis H. Depenbusch                   1                    3,350

June M. Ochsner Revocable Trust     33.33                 111,671

Larry D. Doskocil Living Trust     204.45                 685,004

Celestine C. Depenbusch            140.89                 472,048

John M. and Jacqueline N.
Middlekamp, JTWROS                  33.33                 111,671

Dennis H. Depenbusch

Revocable Trust                    479.82               1,607,624

                                       24
<PAGE>
                                    EXHIBIT A
[to come]

                                       25

<PAGE>EXHIBIT 4.1

                       LIVESTAR ENTERTAINMENT GROUP, INC.
                 EMPLOYEE STOCK INCENTIVE PLAN FOR THE YEAR 2003

         1. General Provisions.

         1.1  Purpose.  This Stock  Incentive  Plan (the  "Plan") is intended to
allow designated officers and employees (all of whom are sometimes  collectively
referred to herein as the  "Employees,"  or  individually  as the "Employee") of
Livestar Entertainment Group, Inc., a Nevada corporation (the "Company") and its
Subsidiaries  (as that term is defined  below)  which they may have from time to
time (the Company and such Subsidiaries are referred to herein as the "Company")
to receive certain options (the "Stock Options") to purchase common stock of the
Company, par value $0.0001 per share (the "Common Stock"), and to receive grants
of the Common Stock subject to certain  restrictions (the "Awards").  As used in
this  Plan,  the  term  "Subsidiary"  shall  mean  each  corporation  which is a
"subsidiary  corporation" of the Company within the meaning of Section 424(f) of
the Internal Revenue Code of 1986, as amended (the "Code").  The purpose of this
Plan is to provide the Employees with equity-based  compensation  incentives who
make  significant and  extraordinary  contributions  to the long-term growth and
performance of the Company, and to attract and retain the Employees.

         1.2 Administration.

         1.2.1 The Plan shall be administered by the Compensation Committee (the
"Committee")  of, or  appointed  by, the Board of  Directors of the Company (the
"Board").  The  Committee  shall select one of its members as Chairman and shall
act by vote of a  majority  of a quorum,  or by  unanimous  written  consent.  A
majority  of its members  shall  constitute  a quorum.  The  Committee  shall be
governed by the provisions of the Company's  Bylaws and of Nevada law applicable
to the Board, except as otherwise provided herein or determined by the Board.

         1.2.2 The  Committee  shall have full and  complete  authority,  in its
discretion,  but subject to the express  provisions  of this Plan (a) to approve
the Employees nominated by the management of the Company to be granted Awards or
Stock  Options;  (b) to  determine  the number of Awards or Stock  Options to be
granted to an Employee;  (c) to  determine  the time or times at which Awards or
Stock Options shall be granted; to establish the terms and conditions upon which
Awards  or  Stock  Options  may  be  exercised;  (d) to  remove  or  adjust  any
restrictions and conditions upon Awards or Stock Options; (e) to specify, at the
time of grant,  provisions  relating to  exercisability  of Stock Options and to
accelerate or otherwise modify the exercisability of any Stock Options;  and (f)
to adopt such rules and regulations and to make all other determinations  deemed
necessary or desirable for the administration of this Plan. All  interpretations
and  constructions  of  this  Plan  by the  Committee,  and  all of its  actions
hereunder, shall be binding and conclusive on all persons for all purposes.

         1.2.3 The Company  hereby  agrees to indemnify  and hold  harmless each
Committee  member and each Employee,  and the estate and heirs of such Committee
member or  Employee,  against  all  claims,  liabilities,  expenses,  penalties,
damages or other pecuniary  losses,  including legal fees,  which such Committee
member  or  Employee,  his  estate  or  heirs  may  suffer  as a  result  of his
responsibilities,  obligations  or duties in  connection  with this Plan, to the
extent that  insurance,  if any,  does not cover the  payment of such items.  No
member  of the  Committee  or the  Board  shall  be  liable  for any  action  or
determination made in good faith with respect to this Plan or any Award or Stock
Option granted pursuant to this Plan.

         1.3 Eligibility and  Participation.  The Employees  eligible under this
Plan shall be approved by the Committee from those Employees who, in the opinion
of the  management  of the Company,  are in positions  which enable them to make
significant  contributions  to  the  long-term  performance  and  growth  of the
Company.  In  selecting  the  Employees  to whom Award or Stock  Options  may be
granted,  consideration  shall be given to factors such as employment  position,
duties and responsibilities,  ability, productivity,  length of service, morale,
interest in the Company and recommendations of supervisors.

         1.4 Shares  Subject to this Plan.  The maximum  number of shares of the
Common  Stock  that may be  issued  pursuant  to this Plan  shall be  30,000,000
subject to adjustment  pursuant to the provisions of Paragraph 4.1. If shares of
the Common Stock awarded or issued under this Plan are reacquired by the Company
due to a forfeiture or for any other reason,  such shares shall be cancelled and

                                       1
<PAGE>

thereafter shall again be available for purposes of this Plan. If a Stock Option
expires, terminates or is cancelled for any reason without having been exercised
in full, the shares of the Common Stock not purchased  thereunder shall again be
available for purposes of this Plan.

         2. Provisions Relating to Stock Options.

         2.1 Grants of Stock  Options.  The Committee may grant Stock Options in
such amounts, at such times, and to the Employees nominated by the management of
the Company as the Committee,  in its discretion,  may determine.  Stock Options
granted under this Plan shall  constitute  "incentive  stock options" within the
meaning of Section 422 of the Code,  if so  designated  by the  Committee on the
date of grant.  The  Committee  shall also have the  discretion  to grant  Stock
Options which do not  constitute  incentive  stock  options,  and any such Stock
Options shall be designated  non-statutory stock options by the Committee on the
date of grant.  The aggregate  Fair Market Value  (determined  as of the time an
incentive  stock  option is granted) of the Common  Stock with  respect to which
incentive  stock  options  are  exercisable  for the first time by any  Employee
during any one  calendar  year (under all plans of the Company and any parent or
subsidiary  of the Company) may not exceed the maximum  amount  permitted  under
Section 422 of the Code (currently,  $100,000.00).  Non-statutory  stock options
shall not be subject to the  limitations  relating to  incentive  stock  options
contained in the preceding  sentence.  Each Stock Option shall be evidenced by a
written agreement (the "Option  Agreement") in a form approved by the Committee,
which shall be executed on behalf of the Company and by the Employee to whom the
Stock Option is granted,  and which shall be subject to the terms and conditions
of this Plan.  In the  discretion  of the  Committee,  Stock Options may include
provisions  (which need not be  uniform),  authorized  by the  Committee  in its
discretion,  that  accelerate  an  Employee's  rights to exercise  Stock Options
following a "Change in Control," upon  termination of the Employee's  employment
by the Company  without  "Cause" or by the Employee  for "Good  Reason," as such
terms are defined in  Paragraph  3.1 hereof.  The holder of a Stock Option shall
not be entitled to the  privileges  of stock  ownership  as to any shares of the
Common Stock not actually issued to such holder.

         2.2 Purchase Price. The purchase price (the "Exercise Price") of shares
of the Common Stock subject to each Stock Option (the "Option Shares") shall not
be less than 85 percent of the Fair Market Value of the Common Stock on the date
of exercise. For an Employee holding greater than 10 percent of the total voting
power of all stock of the  Company,  either  Common or  Preferred,  the Exercise
Price of an  incentive  stock  option  shall be at least 110 percent of the Fair
Market Value of the Common Stock on the date of the grant of the option. As used
herein,  "Fair  Market  Value"  means the mean  between  the  highest and lowest
reported  sales  prices  of the  Common  Stock  on the New York  Stock  Exchange
Composite  Tape or,  if not  listed  on such  exchange,  on any  other  national
securities  exchange on which the Common  Stock is listed or on The Nasdaq Stock
Market,  or, if not so listed on any other national  securities  exchange or The
Nasdaq  Stock  Market,  then the  average of the bid price of the  Common  Stock
during  the  last  five  trading  days on the  OTC  Bulletin  Board  immediately
preceding  the last trading day prior to the date with respect to which the Fair
Market  Value is to be  determined.  If the  Common  Stock is not then  publicly
traded,  then the Fair Market  Value of the Common Stock shall be the book value
of the  Company  per  share  as  determined  on the  last  day of  March,  June,
September, or December in any year closest to the date when the determination is
to be made.  For the purpose of  determining  book value  hereunder,  book value
shall be  determined by adding as of the  applicable  date called for herein the
capital,  surplus,  and  undivided  profits  of the  Company,  and after  having
deducted any reserves theretofore  established;  the sum of these items shall be
divided by the number of shares of the Common Stock outstanding as of said date,
and the quotient thus obtained  shall  represent the book value of each share of
the Common Stock of the Company.

         2.3 Option Period.  The Stock Option period (the "Term") shall commence
on the date of grant of the Stock  Option and shall be 10 years or such  shorter
period as is determined by the  Committee.  Each Stock Option shall provide that
it is exercisable  over its term in such periodic  installments as the Committee
may determine,  subject to the provisions of Paragraph  2.4.1.  Section 16(b) of
the  Securities  Exchange Act of 1934, as amended (the  "Exchange  Act") exempts
persons normally  subject to the reporting  requirements of Section 16(a) of the
Exchange  Act (the  "Section  16  Reporting  Persons")  pursuant  to a qualified
employee  stock option plan from the normal  requirement of not selling until at
least six months and one day from the date the Stock Option is granted.

                                       2
<PAGE>

         2.4 Exercise of Options.

         2.4.1 Each Stock  Option may be  exercised in whole or in part (but not
as to fractional  shares) by delivering it for surrender or  endorsement  to the
Company,  attention of the Corporate  Secretary,  at the principal office of the
Company,  together with payment of the Exercise Price and an executed Notice and
Agreement of Exercise in the form prescribed by Paragraph 2.4.2.  Payment may be
made (a) in cash,  (b) by  cashier's  or  certified  check,  (c) by surrender of
previously owned shares of the Common Stock valued pursuant to Paragraph 2.2 (if
the Committee authorizes payment in stock in its discretion), (d) by withholding
from the Option  Shares which would  otherwise be issuable  upon the exercise of
the Stock Option that number of Option Shares equal to the exercise price of the
Stock  Option,  if  such  withholding  is  authorized  by the  Committee  in its
discretion,  or (e) in the discretion of the  Committee,  by the delivery to the
Company of the optionee's promissory note secured by the Option Shares,  bearing
interest at a rate  sufficient  to prevent  the  imputation  of  interest  under
Sections 483 or 1274 of the Code,  and having such other terms and conditions as
may be  satisfactory  to  the  Committee.  Subject  to the  provisions  of  this
Paragraph 2.4 and  Paragraph  2.5, the Employee has the right to exercise his or
her Stock  Options at the rate of at least 20% per year over five years from the
date the Stock Option is granted.

         2.4.2 Exercise of each Stock Option is  conditioned  upon the agreement
of the  Employee  to the terms  and  conditions  of this Plan and of such  Stock
Option as evidenced  by the  Employee's  execution  and delivery of a Notice and
Agreement  of  Exercise  in a form  to be  determined  by the  Committee  in its
discretion.  Such Notice and Agreement of Exercise shall set forth the agreement
of the Employee that (a) no Option Shares will be sold or otherwise  distributed
in violation of the Securities Act of 1933, as amended (the "Securities Act") or
any other  applicable  federal or state  securities  laws, (b) each Option Share
certificate may be imprinted with legends  reflecting any applicable federal and
state  securities law  restrictions  and conditions,  (c) the Company may comply
with said securities law restrictions and issue "stop transfer"  instructions to
its Transfer  Agent and Registrar  without  liability,  (d) if the Employee is a
Section 16 Reporting Person,  the Employee will furnish to the Company a copy of
each Form 4 or Form 5 filed by said  Employee  and will  timely file all reports
required  under federal  securities  laws,  and (e) the Employee will report all
sales of Option  Shares to the  Company in writing on a form  prescribed  by the
Company.

         2.4.3 No Stock  Option  shall  be  exercisable  unless  and  until  any
applicable  registration  or  qualification  requirements  of federal  and state
securities  laws,  and all other legal  requirements,  have been fully  complied
with. The Company will use reasonable efforts to maintain the effectiveness of a
Registration  Statement  under  the  Securities  Act for the  issuance  of Stock
Options  and  shares  acquired  thereunder,  but there may be times when no such
Registration  Statement  will be  currently  effective.  The  exercise  of Stock
Options may be  temporarily  suspended  without  liability to the Company during
times when no such  Registration  Statement  is currently  effective,  or during
times when,  in the  reasonable  opinion of the  Committee,  such  suspension is
necessary  to  preclude  violation  of any  requirements  of  applicable  law or
regulatory  bodies  having  jurisdiction  over the Company.  If any Stock Option
would expire for any reason except the end of its term during such a suspension,
then if exercise of such Stock Option is duly  tendered  before its  expiration,
such Stock Option  shall be  exercisable  and  exercised  (unless the  attempted
exercise is withdrawn) as of the first day after the end of such suspension. The
Company  shall have no obligation to file any  Registration  Statement  covering
resales of Option Shares.

         2.5 Continuous  Employment.  Except as provided in Paragraph 2.7 below,
an Employee may not exercise a Stock Option unless from the date of grant to the
date of exercise the Employee remains continuously in the employ of the Company.
For purposes of this  Paragraph  2.5, the period of continuous  employment of an
Employee with the Company shall be deemed to include (without extending the term
of the Stock Option) any period during which the Employee is on leave of absence
with the consent of the Company,  provided  that such leave of absence shall not
exceed three  months and that the Employee  returns to the employ of the Company
at the  expiration of such leave of absence.  If the Employee fails to return to
the  employ of the  Company at the  expiration  of such  leave of  absence,  the
Employee's employment with the Company shall be deemed terminated as of the date
such leave of absence commenced.  The continuous  employment of an Employee with
the Company shall also be deemed to include any period during which the Employee
is a member of the Armed Forces of the United States, provided that the Employee
returns to the employ of the Company  within 90 days (or such  longer  period as
may be prescribed by law) from the date the Employee first becomes entitled to a
discharge from military service. If an Employee does not return to the employ of
the Company  within 90 days (or such longer  period as may be prescribed by law)
from the date the Employee  first becomes  entitled to a discharge from military

                                       3
<PAGE>

service,  the  Employee's  employment  with the Company  shall be deemed to have
terminated as of the date the Employee's military service ended.

         2.6 Restrictions on Transfer. Each Stock Option granted under this Plan
shall be transferable only by will or the laws of descent and  distribution.  No
interest  of any  Employee  under  this Plan  shall be  subject  to  attachment,
execution, garnishment, sequestration, the laws of bankruptcy or any other legal
or  equitable  process.  Each  Stock  Option  granted  under  this Plan shall be
exercisable  during  an  Employee's  lifetime  only  by the  Employee  or by the
Employee's legal representative.

         2.7 Termination of Employment.

         2.7.1 Upon an  Employee's  Retirement,  Disability  (both  terms  being
defined  below) or death,  (a) all Stock  Options to the extent  then  presently
exercisable shall remain in full force and effect and may be exercised  pursuant
to the provisions  thereof,  and (b) unless otherwise provided by the Committee,
all Stock Options to the extent not then  presently  exercisable by the Employee
shall  terminate as of the date of such  termination of employment and shall not
be exercisable thereafter. Unless employment is terminated for cause, as defined
by  applicable  law,  the  right to  exercise  in the  event of  termination  of
employment,  to the extent that the optionee is entitled to exercise on the date
the employment terminates as follows:

                  (i) At  least  6  months  from  the  date  of  termination  if
termination was caused by death or disability.

                  (ii) At  least  30  days  from  the  date  of  termination  if
termination was caused by other than death or disability.

         2.7.2 Upon the  termination  of the  employment  of an Employee for any
reason other than those specifically set forth in Paragraph 2.7.1, (a) all Stock
Options to the extent then  presently  exercisable  by the Employee shall remain
exercisable  only for a period of 90 days after the date of such  termination of
employment  (except that the 90 day period shall be extended to 12 months if the
Employee shall die during such 90 day period),  and may be exercised pursuant to
the  provisions  thereof,  including  expiration  at the end of the  fixed  term
thereof,  and (b) unless otherwise provided by the Committee,  all Stock Options
to the extent not then presently  exercisable by the Employee shall terminate as
of the date of such  termination  of  employment  and shall  not be  exercisable
thereafter.

         2.7.3 For purposes of this Plan:

                  (a) "Retirement" shall mean an Employee's  retirement from the
employ of the Company on or after the date on which the Employee attains the age
of 65 years; and

                  (b) "Disability" shall mean total and permanent  incapacity of
an  Employee,   due  to  physical   impairment  or  legally  established  mental
incompetence,  to perform the usual duties of the Employee's employment with the
Company,  which  disability  shall be  determined  (i) on medical  evidence by a
licensed  physician  designated by the  Committee,  or (ii) on evidence that the
Employee has become entitled to receive primary benefits as a disabled  employee
under the Social Security Act in effect on the date of such disability.

         3. Provisions Relating to Awards.

         3.1 Grant of  Awards.  Subject  to the  provisions  of this  Plan,  the
Committee shall have full and complete authority, in its discretion, but subject
to the express  provisions  of this Plan,  to (1) grant Awards  pursuant to this
Plan,  (2)  determine  the number of shares of the Common Stock  subject to each
Award (the "Award Shares"),  (3) determine the terms and conditions  (which need
not be identical) of each Award, including the consideration (if any) to be paid
by the  Employee  for such the  Common  Stock,  which  may,  in the  Committee's
discretion,  consist of the delivery of the Employee's  promissory  note meeting
the  requirements  of Paragraph  2.4.1,  (4)  establish  and modify  performance
criteria  for  Awards,  and (5)  make  all of the  determinations  necessary  or
advisable  with  respect to Awards  under this Plan.  Each Award under this Plan

                                       4
<PAGE>

shall  consist of a grant of shares of the Common Stock subject to a restriction
period  (after  which the  restrictions  shall  lapse),  which shall be a period
commencing  on the date the  Award is  granted  and  ending  on such date as the
Committee shall determine (the "Restriction  Period"). The Committee may provide
for the lapse of restrictions in installments,  for acceleration of the lapse of
restrictions upon the satisfaction of such performance or other criteria or upon
the  occurrence of such events as the  Committee  shall  determine,  and for the
early expiration of the Restriction Period upon an Employee's death,  Disability
or Retirement as defined in Paragraph  2.7.3, or, following a Change of Control,
upon  termination of an Employee's  employment by the Company without "Cause" or
by the  Employee  for "Good  Reason,"  as those terms are  defined  herein.  For
purposes of this Plan:

         "Change  of  Control"  shall be  deemed  to  occur  (a) on the date the
Company  first has  actual  knowledge  that any  person (as such term is used in
Sections 13(d) and 14(d)(2) of the Exchange Act) has become the beneficial owner
(as defined in Rule 13(d)-3 under the Exchange Act), directly or indirectly,  of
securities of the Company representing 40 percent or more of the combined voting
power  of the  Company's  then  outstanding  securities,  or (b) on the date the
stockholders of the Company approve (i) a merger of the Company with or into any
other  corporation  in which the Company is not the surviving  corporation or in
which the  Company  survives  as a  subsidiary  of another  corporation,  (ii) a
consolidation  of the Company with any other  corporation,  or (iii) the sale or
disposition  of all or  substantially  all of the Company's  assets or a plan of
complete liquidation.

         "Cause," when used with  reference to  termination of the employment of
an Employee by the Company for "Cause," shall mean:

                  (a) The Employee's  continuing  willful and material breach of
his duties to the Company after he receives a demand from the Chief Executive of
the  Company  specifying  the manner in which he has  willfully  and  materially
breached such duties,  other than any such failure  resulting from Disability of
the Employee or his resignation for "Good Reason," as defined herein; or

                  (b) The conviction of the Employee of a felony; or

                  (c) The  Employee's  commission  of fraud in the course of his
employment  with  the  Company,  such as  embezzlement  or  other  material  and
intentional violation of law against the Company; or

                  (d) The Employee's gross  misconduct  causing material harm to
the Company.

         "Good  Reason" shall mean any one or more of the  following,  occurring
following or in connection  with a Change of Control and within 90 days prior to
the Employee's resignation,  unless the Employee shall have consented thereto in
writing:

                  (a) The assignment to the Employee of duties inconsistent with
his executive  status prior to the Change of Control or a substantive  change in
the officer or officers to whom he reports  from the officer or officers to whom
he reported immediately prior to the Change of Control; or

                  (b) The  elimination  or  reassignment  of a  majority  of the
duties and responsibilities that were assigned to the Employee immediately prior
to the Change of Control; or

                  (c) A reduction by the Company in the  Employee's  annual base
salary as in effect immediately prior to the Change of Control; or

                  (d) The Company  requiring  the Employee to be based  anywhere
outside a 35-mile radius from his place of employment  immediately  prior to the
Change of Control,  except for required  travel on the Company's  business to an
extent substantially  consistent with the Employee's business travel obligations
immediately prior to the Change of Control; or

                  (e) The  failure  of the  Company  to  grant  the  Employee  a
performance  bonus  reasonably  equivalent to the same  percentage of salary the
Employee  normally  received  prior to the Change of Control,  given  comparable
performance by the Company and the Employee; or

                                       5
<PAGE>

                  (f) The  failure  of the  Company  to  obtain  a  satisfactory
Assumption  Agreement  (as  defined  in  Paragraph  4.13  of this  Plan)  from a
successor,  or  the  failure  of  such  successor  to  perform  such  Assumption
Agreement.

         3.2 Incentive  Agreements.  Each Award granted under this Plan shall be
evidenced by a written  agreement (an "Incentive  Agreement") in a form approved
by the  Committee and executed by the Company and the Employee to whom the Award
is  granted.  Each  Incentive  Agreement  shall  be  subject  to the  terms  and
conditions of this Plan and other such terms and conditions as the Committee may
specify.

         3.3 Amendment,  Modification and Waiver of Restrictions.  The Committee
may  modify or amend  any Award  under  this Plan or waive any  restrictions  or
conditions  applicable to the Award;  provided,  however, that the Committee may
not  undertake  any such  modifications,  amendments  or  waivers  if the effect
thereof materially increases the benefits to any Employee,  or adversely affects
the rights of any Employee without his consent.

         3.4 Terms and Conditions of Awards.  Upon receipt of an Award of shares
of the Common  Stock under this Plan,  even during the  Restriction  Period,  an
Employee  shall be the  holder of record of the  shares  and shall  have all the
rights of a  stockholder  with respect to such shares,  subject to the terms and
conditions of this Plan and the Award.

         3.4.1 Except as otherwise  provided in this Paragraph 3.4, no shares of
the  Common  Stock  received  pursuant  to this Plan  shall be sold,  exchanged,
transferred,   pledged,   hypothecated  or  otherwise  disposed  of  during  the
Restriction Period applicable to such shares. Any purported  disposition of such
the Common Stock in violation of this Paragraph 3.4 shall be null and void.

         3.4.2 If an Employee's  employment with the Company terminates prior to
the expiration of the Restriction Period for an Award, subject to any provisions
of the Award with respect to the Employee's death, Disability or Retirement,  or
Change of Control,  all shares of the Common Stock subject to the Award shall be
immediately  forfeited by the Employee and  reacquired  by the Company,  and the
Employee  shall  have no  further  rights  with  respect  to the  Award.  In the
discretion of the Committee,  an Incentive  Agreement may provide that, upon the
forfeiture  by an  Employee  of Award  Shares,  the  Company  shall repay to the
Employee the consideration (if any) which the Employee paid for the Award Shares
on the grant of the Award.  In the  discretion  of the  Committee,  an Incentive
Agreement may also provide that such repayment  shall include an interest factor
on such  consideration  from the date of the  grant of the  Award to the date of
such repayment.

         3.4.3 The Committee  may require under such terms and  conditions as it
deems  appropriate or desirable that (a) the  certificates  for the Common Stock
delivered  under this Plan are to be held in custody by the  Company or a person
or institution  designated by the Company until the Restriction  Period expires,
(b) such  certificates  shall bear a legend referring to the restrictions on the
Common Stock pursuant to this Plan, and (c) the Employee shall have delivered to
the Company a stock power endorsed in blank relating to the Common Stock.

         4. Miscellaneous Provisions.

         4.1 Adjustments Upon Change in Capitalization.

         4.1.1 The number and class of shares subject to each outstanding  Stock
Option, the Exercise Price thereof (but not the total price), the maximum number
of Stock  Options  that may be granted  under this Plan,  the minimum  number of
shares as to which a Stock  Option  may be  exercised  at any one time,  and the
number  and  class  of  shares  subject  to each  outstanding  Award,  shall  be
proportionately  adjusted in the event of any increase or decrease in the number
of the issued  shares of the  Common  Stock  which  results  from a split-up  or
consolidation  of shares,  payment of a stock dividend or dividends  exceeding a
total of five percent for which the record dates occur in any one fiscal year, a
recapitalization  (other than the conversion of convertible securities according
to their terms),  a combination of shares or other like capital  adjustment,  so
that (a) upon  exercise of the Stock  Option,  the  Employee  shall  receive the
number and class of shares the  Employee  would have  received  had the Employee
been the holder of the number of shares of the Common  Stock for which the Stock
Option is being  exercised  upon the date of such change or increase or decrease
in the  number  of  issued  shares  of the  Company,  and (b) upon the  lapse of

                                       6
<PAGE>

restrictions  of the Award  Shares,  the Employee  shall  receive the number and
class of shares the  Employee  would have  received if the  restrictions  on the
Award  Shares had lapsed on the date of such  change or  increase or decrease in
the number of issued shares of the Company.

         4.1.2 Upon a  reorganization,  merger or  consolidation  of the Company
with one or more  corporations  as a  result  of which  the  Company  is not the
surviving  corporation  or in  which  the  Company  survives  as a  wholly-owned
subsidiary of another corporation, or upon a sale of all or substantially all of
the  property  of  the  Company  to  another  corporation,  or any  dividend  or
distribution to  stockholders  of more than 10 percent of the Company's  assets,
adequate  adjustment or other  provisions  shall be made by the Company or other
party to such  transaction so that there shall remain and/or be substituted  for
the Option Shares and Award Shares provided for herein,  the shares,  securities
or assets which would have been issuable or payable in respect of or in exchange
for such Option Shares and Award Shares then  remaining,  as if the Employee had
been the owner of such  shares as of the  applicable  date.  Any  securities  so
substituted shall be subject to similar successive adjustments.

         4.2 Withholding  Taxes. The Company shall have the right at the time of
exercise  of  any  Stock  Option,  the  grant  of an  Award,  or  the  lapse  of
restrictions on Award Shares, to make adequate provision for any federal, state,
local or foreign  taxes  which it  believes  are or may be required by law to be
withheld  with respect to such  exercise  (the "Tax  Liability"),  to ensure the
payment of any such Tax  Liability.  The  Company may provide for the payment of
any Tax Liability by any of the following  means or a combination of such means,
as  determined  by the  Committee  in its sole and  absolute  discretion  in the
particular  case (1) by  requiring  the Employee to tender a cash payment to the
Company,  (2) by withholding from the Employee's salary, (3) by withholding from
the Option  Shares which would  otherwise be issuable upon exercise of the Stock
Option,  or  from  the  Award  Shares  on  their  grant  or  date  of  lapse  of
restrictions,  that number of Option  Shares or Award Shares having an aggregate
Fair Market Value  (determined in the manner  prescribed by Paragraph 2.2) as of
the date the  withholding  tax obligation  arises in an amount which is equal to
the  Employee's  Tax Liability or (4) by any other method deemed  appropriate by
the  Committee.  Satisfaction  of the Tax  Liability  of a Section 16  Reporting
Person may be made by the method of payment  specified  in clause (3) above only
if the following two conditions are satisfied:

                  (a) The  withholding  of Option Shares or Award Shares and the
exercise  of the  related  Stock  Option  occur at least six  months and one day
following the date of grant of such Stock Option or Award; and

                  (b) The  withholding  of Option Shares or Award Shares is made
either (i) pursuant to an irrevocable election (the "Withholding Election") made
by the  Employee  at least six months in advance of the  withholding  of Options
Shares  or  Award  Shares,  or (ii) on a day  within a  10-day  "window  period"
beginning  on the  third  business  day  following  the date of  release  of the
Company's quarterly or annual summary statement of sales and earnings.

         Anything herein to the contrary notwithstanding, a Withholding Election
may be disapproved by the Committee at any time.

         4.3  Relationship  to Other Employee  Benefit Plans.  Stock Options and
Awards granted hereunder shall not be deemed to be salary or other  compensation
to any  Employee  for purposes of any  pension,  thrift,  profit-sharing,  stock
purchase or any other employee benefit plan now maintained or hereafter  adopted
by the Company.

         4.4 Amendments and Termination.  The Board of Directors may at any time
suspend,  amend or  terminate  this Plan.  No  amendment,  except as provided in
Paragraph 3.3, or  modification  of this Plan may be adopted,  except subject to
stockholder approval,  which would (1) materially increase the benefits accruing
to the  Employees  under  this  Plan,  (2)  materially  increase  the  number of
securities which may be issued under this Plan (except for adjustments  pursuant
to Paragraph  4.1  hereof),  or (3)  materially  modify the  requirements  as to
eligibility for participation in this Plan.

         4.5 Successors in Interest. The provisions of this Plan and the actions
of the Committee shall be binding upon all heirs,  successors and assigns of the
Company and of the Employees.

                                       7
<PAGE>

         4.6 Other Documents.  All documents prepared,  executed or delivered in
connection with this Plan (including,  without limitation, Option Agreements and
Incentive  Agreements)  shall be, in  substance  and form,  as  established  and
modified by the Committee;  provided,  however, that all such documents shall be
subject in every respect to the provisions of this Plan, and in the event of any
conflict between the terms of any such document and this Plan, the provisions of
this Plan shall prevail.

         4.7  Fairness of the  Repurchase  Price.  In the event that the Company
repurchases  securities  upon  termination of employment  pursuant to this Plan,
either:  (a) the  price  will  not be less  than the  fair  market  value of the
securities to be repurchased  on the date of termination of employment,  and the
right to repurchase will be exercised for cash or cancellation of purchase money
indebtedness for the securities  within 90 days of termination of the employment
(or in the case of securities  issued upon exercise of options after the date of
termination,  within  90 days  after  the date of the  exercise),  and the right
terminates when the Company's  securities become publicly traded, or (b) Company
will repurchase  securities at the original  purchase  price,  provided that the
right to  repurchase  at the  original  purchase  price lapses at the rate of at
least 20% of the securities per year over five years from the date the option is
granted  (without  respect  to the date  the  option  was  exercised  or  became
exercisable)  and  the  right  to  repurchase  must  be  exercised  for  cash or
cancellation of purchase money indebtedness for the securities within 90 days of
termination  of  employment  (or in case of  securities  issued upon exercise of
options  after the date of  termination,  within  90 days  after the date of the
exercise).

         4.8 No  Obligation  to  Continue  Employment.  This Plan and the grants
which might be made hereunder  shall not impose any obligation on the Company to
continue to employ any  Employee.  Moreover,  no  provision  of this Plan or any
document executed or delivered pursuant to this Plan shall be deemed modified in
any way by any employment  contract  between an Employee (or other employee) and
the Company.

         4.9 Misconduct of an Employee.  Notwithstanding  any other provision of
this Plan,  if an Employee  commits  fraud or  dishonesty  toward the Company or
wrongfully  uses or  discloses  any  trade  secret,  confidential  data or other
information  proprietary to the Company, or intentionally takes any other action
which results in material harm to the Company,  as determined by the  Committee,
in its sole and absolute  discretion,  the Employee shall forfeit all rights and
benefits under this Plan.

         4.10  Term of Plan.  No Stock  Option  shall be  exercisable,  or Award
granted,  unless and until the  Directors of the Company have approved this Plan
and all other  legal  requirements  have been met.  This Plan was adopted by the
Board  effective  September 5, 2003.  No Stock  Options or Awards may be granted
under this Plan after September 5, 2013.

         4.11 Governing Law. This Plan and all actions taken thereunder shall be
governed by and construed in accordance with, the laws of the State of Nevada.

         4.12  Approval.  This  Plan  must  be  approved  by a  majority  of the
outstanding  securities  entitled to vote within 12 months  before or after this
Plan is  adopted  or the date the  agreement  is entered  into.  Any  securities
purchased  before  security  holder  approval is obtained  must be  rescinded if
security  holder  approval is not obtained within 12 months before or after this
Plan is adopted or the date the agreement is entered into. Such securities shall
not be counted in determining whether such approval is obtained.

         4.13  Assumption  Agreements.  The Company will require each successor,
(direct or indirect, whether by purchase,  merger,  consolidation or otherwise),
to all or substantially  all of the business or assets of the Company,  prior to
the  consummation of each such  transaction,  to assume and agree to perform the
terms and  provisions  remaining  to be  performed  by the  Company  under  each
Incentive  Agreement  and Stock  Option  and to  preserve  the  benefits  to the
Employees  thereunder.  Such  assumption  and agreement  shall be set forth in a
written  agreement  in form and  substance  satisfactory  to the  Committee  (an
"Assumption  Agreement"),  and shall  include such  adjustments,  if any, in the
application of the provisions of the Incentive  Agreements and Stock Options and
such additional provisions,  if any, as the Committee shall require and approve,
in order to  preserve  such  benefits to the  Employees.  Without  limiting  the
generality of the foregoing,  the Committee may require an Assumption  Agreement
to include satisfactory undertakings by a successor:

                                       8
<PAGE>

                  (a) To provide  liquidity  to the  Employees at the end of the
Restriction  Period  applicable  to the Common Stock  awarded to them under this
Plan, or on the exercise of Stock Options;

                  (b) If the  succession  occurs  before the  expiration  of any
period  specified in the Incentive  Agreements for  satisfaction  of performance
criteria  applicable  to the Common Stock  awarded  thereunder,  to refrain from
interfering with the Company's  ability to satisfy such performance  criteria or
to agree to modify such  performance  criteria  and/or waive any  criteria  that
cannot be satisfied as a result of the succession;

                  (c)  To  require  any  future   successor  to  enter  into  an
Assumption Agreement; and

                  (d) To take or refrain  from taking such other  actions as the
Committee may require and approve, in its discretion.

         4.14  Compliance  with Rule  16b-3.  Transactions  under  this Plan are
intended  to comply with all  applicable  conditions  of Rule 16b-3  promulgated
under the Exchange  Act. To the extent that any provision of this Plan or action
by the  Committee  fails to so comply,  it shall be deemed null and void, to the
extent permitted by law and deemed advisable by the Committee.

         4.15 Information to Shareholders.  The Company shall furnish to each of
its stockholders financial statements of the Company at least annually.

         IN  WITNESS  WHEREOF,  this  Plan has  been  executed  effective  as of
September 5, 2003.

                                        LIVESTAR ENTERTAINMENT GROUP, INC.

                                        By  /s/ Edwin Kwong
                                          --------------------------------------
                                            Edwin Kwong, Chief Financial Officer

                                       9

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