Document:

As of June 27, 2005

Key Hospitality Acquisition Corporation
1775 Broadway, Suite 604
New York, New York 10019

Maxim Group LLC
405 Lexington Ave.
New York, New York 10174

Re:  Initial Public Offering

Gentlemen:

      This letter replaces the letter addressed to the parties named above dated
as of May 12, 2005. The undersigned stockholder of Key Hospitality Acquisition
Corporation ("Company"), in consideration of Maxim Group LLC ("Maxim") entering
into a letter of intent, dated April 22, 2005 ("Letter of Intent") to underwrite
an initial public offering of the securities of the Company ("IPO") and
embarking on the IPO process, hereby agrees as follows (certain capitalized
terms used herein are defined in paragraph 9 hereof):

      1. If the Company solicits approval of its stockholders of a Business
Combination, the undersigned will (i) vote all Insider Shares owned by the
undersigned in accordance with the majority of the votes cast by the holders of
the IPO Shares and (ii) vote any shares of common stock acquired following the
IPO in favor of the Business Combination.

      2. In the event that the Company fails to consummate a Business
Combination within 18 months from the effective date ("Effective Date") of the
registration statement relating to the IPO (or 24 months under the circumstances
described in the prospectus relating to the IPO), the undersigned will take all
reasonable actions within the undersigned's power to cause the Company to
liquidate as soon as reasonably practicable. In such event, the undersigned
hereby waives any and all right, title, interest or claim of any kind in or to
any liquidating distributions by the Company, including, without limitation, any
distribution of the Trust Fund (as defined in the Letter of Intent) as a result
of such liquidation with respect to his Insider Shares ("Claim") and hereby
further waives any Claim the undersigned may have in the future as a result of,
or arising out of, any contracts or agreements with the Company and will not
seek recourse against the Trust Fund for any reason whatsoever.

      3. The undersigned acknowledges and agrees that the Company will not
consummate any Business Combination which involves a company which is affiliated
with any of the Insiders unless the Company obtains an opinion from an
independent investment banking firm reasonably acceptable to Maxim that the
business combination is fair to the Company's stockholders from a financial
perspective.

      4. Neither the undersigned, any member of the family of the undersigned,
nor any affiliate of the undersigned ("Affiliate") will be entitled to receive
and will not accept any compensation for services rendered to the Company prior
to the consummation of the Business Combination; provided that the undersigned
shall be entitled to reimbursement from the Company for his out-of-pocket
expenses incurred in connection with seeking and consummating a Business
Combination.

      5. The undersigned agrees that neither the undersigned, any member of the
family of the undersigned, or any Affiliate of the undersigned will be entitled
to receive or accept, and the undersigned, on behalf of the undersigned and the
aforementioned parties, hereby waives any rights to a finder's fee or any other
compensation in the event the undersigned, any member of the family of the
undersigned or any Affiliate of the undersigned originates a Business
Combination.
<PAGE>

      6. The undersigned will escrow his Insider Shares for the three year
period commencing on the Effective Date subject to the terms of a Stock Escrow
Agreement which the Company will enter into with the undersigned and an escrow
agent acceptable to the Company.

      7. The undersigned's Questionnaire furnished to the Company and Maxim and
annexed as Exhibit A hereto is true and accurate in all respects. The
undersigned represents and warrants that:

            (a) he is not subject to or a respondent in any legal action for,
any injunction, cease-and-desist order or order or stipulation to desist or
refrain from any act or practice relating to the offering of securities in any
jurisdiction;

            (b) he has never been convicted of or pleaded guilty to any crime
(i) involving any fraud or (ii) relating to any financial transaction or
handling of funds of another person, or (iii) pertaining to any dealings in any
securities and he is not currently a defendant in any such criminal proceeding;
and

            (c) he has never been suspended or expelled from membership in any
securities or commodities exchange or association or had a securities or
commodities license or registration denied, suspended or revoked.

      8. The undersigned has full right and power, without violating any
agreement by which the undersigned is bound, to enter into this letter
agreement.

      9. As used herein, (i) a "Business Combination" shall mean an acquisition
by merger, capital stock exchange, asset or stock acquisition, reorganization or
otherwise and as otherwise described in the registration statement relating to
the IPO, of an operating business or real property assets in the hospitality and
related industries selected by the Company; (ii) "Insiders" shall mean all
officers, directors and stockholders of the Company immediately prior to the
IPO; (iii) "Insider Shares" shall mean all of the shares of Common Stock of the
Company owned by an Insider prior to the IPO; and (iv) "IPO Shares" shall mean
the shares of Common Stock issued in the Company's IPO.

                                       Rick Davidson
                                       -----------------------------------------
                                       Print Name of Stockholder

                                       -----------------------------------------
                                       Signature[Date]

Maxim Group LLC
405 Lexington Ave.
New York, New York 10174

Re:   Key Hospitality Acquisition Corporation.

Gentlemen:

This letter will confirm the agreement of the undersigned to purchase warrants
("Warrants") of Key Hospitality Acquisition Corporation ("Company") included in
the units ("Units") being sold in the Company's initial public offering ("IPO")
upon the terms and conditions set forth herein. Each Unit is comprised of one
share of common stock, par value $.001 per share, of the Company (the "Common
Stock") and one Warrant to purchase a share of Common Stock. The shares of
Common Stock and Warrants will not be separately tradable until 90 days after
the effective date of the Company's IPO unless Maxim Group LLC ("Maxim") informs
the Company of its decision to allow earlier separate trading.

The undersigned agrees that this letter agreement constitutes an irrevocable
order for Maxim to purchase for the undersigned's account within the
forty-trading day period commencing on the date separate trading of the Warrants
commences ("Separation Date") up to _________ Warrants (or __________ Warrants
if the over-allotment in the IPO is exercised in full) at market prices not to
exceed $1.20 per Warrant ("Maximum Warrant Purchase"). Maxim (or such other
broker dealer(s) as Maxim may assign the order to) agrees to fill such order in
such amounts and at such times as it may determine, in its sole discretion,
during the forty-trading day period commencing on the Separation Date. Maxim
further agrees that it will not charge the undersigned any fees and/or
commissions with respect to such purchase obligation.

As the date hereof, the undersigned represents and warrants that it is not aware
of any material nonpublic information concerning the Company or any securities
of the Company and is entering into this agreement in good faith and not as part
of a plan or scheme to evade the prohibitions of Rule 10b5-1. The undersigned
agrees that while this agreement is in effect, the undersigned shall comply with
the prohibition set forth in Rule 10b5-1(c)(1)(i)(C) against entering into or
altering a corresponding or hedging transaction or position with respect to the
Company's securities. The undersigned further agrees that it shall not, directly
or indirectly, communicate any material nonpublic information relating to the
Company or the Company's securities to any employee of Broadband. The
undersigned does not have, and shall not attempt to exercise, any influence over
how, when or whether to effect purchases of Warrants pursuant to this agreement.

The undersigned may notify Maxim that all or part of the Maximum Warrant
Purchase will be made by an affiliate of the undersigned (or another person or
entity introduced to Maxim by the undersigned (such affiliate or other person or
entity, a "Designee")) who (or which) has an account at Maxim and, in such
event, Maxim will make such purchase on behalf of said Designee; provided,
however, that the undersigned hereby agrees to make payment of the purchase
price of such purchase in the event that the Designee fails to make such
payment.

The undersigned agrees that neither the undersigned nor any Designee of the
undersigned shall sell or transfer the Warrants until the earlier of the
consummation of a merger, capital stock exchange, asset acquisition or other
similar business combination involving the Company and acknowledges that, at the
option of Maxim, the certificates for such Warrants shall contain a legend
indicating such restriction on transferability, it being understood that the
Warrants purchased will be non-callable by the Company as long as they are held
by the undersigned or any Designee.

This letter agreement shall for all purposes be deemed to be made under and
shall be construed in accordance with the laws of the State of New York, with
regard to the conflicts of laws principals thereof. This Agreement shall be
binding upon the undersigned and the heirs, successors and assigns of the
undersigned.

                                       Very truly yours,
                                       -----------------------------------------
                                       [Name]

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