Document:

AMENDED AND RESTATED

                                PLEDGE AGREEMENT

     THIS AMENDED AND RESTATED STOCK PLEDGE AGREEMENT (this  "Agreement")  dated
as of  January  14,  2000,  by Carol  Kolozs  ("Pledgor")  in favor of Robert E.
Schmidt, Jr. ("Secured Party").
                                    RECITALS

         The  authorized  capital  stock  of  Aarica  Holdings,  Inc.,  a  Texas
corporation (the "Company"),  consists of 20,000,000 shares of common stock, par
value $.01 per share, and 3,000,000  shares of preferred stock,  $.01 par value.
There are  currently  issued and  outstanding  2,800,000  common  shares,  which
constitutes all of the issued and  outstanding  shares of the corporation and of
which 2,400,000 are owned by Pledgor ("Pledged Shares").

         Secured  Party has agreed to loan to the Company  and its  subsidiaries
the  aggregate  principal  amount  of  $2,377,500.00  (the  "Loans"),  upon  the
condition,  among  others,  that Pledgor  shall have  executed and  delivered to
Secured  Party,  (i) a  Guaranty  in favor of Secured  Party  (the  "Guaranty"),
guaranteeing  the payment to Secured Party by the Company of the Loans; and (ii)
this  Agreement  granting a security  interest in the Pledged  Shares to Secured
Party,  all to secure the payment and  performance by Pledgor of his obligations
under the Guaranty and this Agreement.

         As additional  consideration for Secured Party to enter into the Loans,
Company,  Pledgor and Secured  Party have entered  into a Common Stock  Purchase
Warrant  granting Secured Party Warrants to purchase common stock of the Company
and granting contingent Warrants to purchase Pledged Shares ("Warrant").

         Accordingly,  in  consideration  of the  foregoing  and  of the  mutual
covenants and agreements  hereinafter set forth,  and of other good and valuable
consideration,  the  receipt,  adequacy  and  sufficiency  of which  are  hereby
acknowledged, the parties hereto agree as follows:

1.  Pledge.  Pledgor  hereby  pledges  and  grants to  Secured  Party a security
interest in the Pledged Shares and all interest, securities,  dividends, rights,
cash and other property at any time or from time to time received, receivable or
otherwise  distributable to Pledgor in respect of, upon conversion,  or exercise
of, or in exchange for, the Pledged  Shares and the products and proceeds of the
Pledged Shares (as such terms are defined in Article 9 of the Uniform Commercial
Code as currently  in effect in the State of Florida),  to secure the prompt and
indefeasible  payment  and  performance  in  full  when  due of all  obligations
existing  under the  Guaranty and this  Agreement,  as the same may be extended,
renewed, refinanced,  refunded, amended, modified, supplemented or restated from
time to time  (the  "Secured  Obligations").  Except  as  hereinafter  expressly
provided, possession of all such property received, receivable,  exchangeable or
otherwise distributed or distributable with respect to the Pledged Shares or any
other shares of the Company's  stock of evidence of  indebtedness  of any nature
which come into possession of Pledgor shall be immediately delivered directly to
Secured Party upon the receipt thereof by Pledgor.

<PAGE>

                                       -8-

         The Pledged Shares and any items received and/or  receivable in respect
thereof or in exchange therefor are hereinafter  collectively referred to as the
"Collateral."

2.  Delivery of the Pledged  Shares.  Pledgor  shall  deliver to Secured  Party,
concurrently  with the execution of this Pledge  Agreement,  the  certificate(s)
representing  the Pledged Shares  accompanied  by an  appropriate  instrument of
assignment duly executed in blank by Pledgor and such  certificates  shall be in
transferable form.

3.  Representations  and Warranties.  Pledgor represents and warrants to Secured
Party that:

(1)  Pledgor is the sole holder of record and the sole  beneficial  owner of the
Collateral,  free and clear of any  security  interest,  lien,  option,  adverse
claim,  encumbrance,  covenant or restriction  of any kind (except  restrictions
imposed by United States Federal and state securities laws on the offer and sale
thereof)  thereon  or  affecting  the title  thereto,  except  for the  security
interest created by this Agreement.

(2) All of the Pledged Shares have been duly authorized,  validly issued and are
fully paid and  non-assessable  and consist of 85.7% of the outstanding stock of
the Company.

(3) Pledgor has full legal right,  capacity,  competency and authority to pledge
and create a security  interest  in, and to deliver and  deposit the  Collateral
with Secured Party as provided herein.

(4) None of the Pledged  Shares  delivered to Secured Party  hereunder have been
issued or transferred in violation of the  securities  registration,  securities
disclosure or similar laws of any jurisdiction ("Securities Laws") to which such
issuance or transfer may be subject.

(5) No consent,  authorization,  approval or other  action by, and no notice to,
registration  or filing  with,  any  governmental  authority  or other person is
required either (i) for the pledge by Pledgor of the Collateral pursuant to this
Agreement or for the  execution,  delivery or  performance of this Agreement and
the Guaranty by Pledgor or (ii) for the exercise by Secured  Party of the voting
or other rights provided for in this Agreement or the remedies in respect of the
Collateral  pursuant to this Agreement,  except as may be required in connection
with such  disposition  by laws  affecting  the offering and sale of  securities
generally.

(6) This  Agreement  and the Guaranty  have been duly  executed and delivered by
Pledgor  and  constitute  legal,  valid  and  binding   obligations  of  Pledgor
enforceable in accordance with their respective terms,  except as enforceability
may be limited by  bankruptcy,  insolvency  and other similar laws affecting the
rights of creditors generally and general principles of equity,  whether applied
by a court in an action of law or a proceeding in equity.

<PAGE>

(7) The representations and warranties set forth in this Section 3 shall survive
the execution and delivery of this Agreement.

4.  Covenants.  Pledgor  covenants and agrees that until the earlier to occur of
the indefeasible  payment of the Secured  Obligations  and/or the termination of
Secured Party's security interest in the Collateral:
(1) Without the prior written  consent of Secured Party,  Pledgor will not sell,
assign, transfer,  pledge or otherwise encumber or restrict any of its rights in
or to the Collateral or create or suffer to exist any security interest, option,
adverse claim,  lien or other  encumbrance  on the Collateral  (each, a "Lien"),
except for the Warrant and the security interest created hereby.

(2) Pledgor will, at his expense, promptly execute, acknowledge, and deliver all
such  instruments and take all such action as Secured Party may, at any time and
from time to time,  request in order to ensure to Secured  Party the benefits of
the  security  interest  in  the  Collateral  intended  to be  created  by  this
Agreement,  including  the  execution  and  filing of  Uniform  Commercial  Code
financing and continuation statements,  and will cooperate with Secured Party in
obtaining  all  necessary  approvals  and making  all  necessary  filings  under
applicable law to perfect the security interest created hereby.

(3)  Pledgor has and will defend the title to the  Collateral  and the  security
interest  of  Secured  Party  therein  against  the claim of any person and will
maintain and preserve  such  security  interest  until the  termination  of such
security interest.

5.  Dividends and Voting.  So long as no default or Event of Default (as defined
in Section 7(a)) shall have occurred,  Pledgor shall be entitled to (i) vote the
Pledged  Shares (and (ii) receive any and all cash  dividends and  distributions
made out of earned  surplus with respect to the Pledged  Shares which Pledgor is
otherwise  entitled to receive,  subject,  however,  to the possession rights of
Secured  Party  pursuant to Section 1 upon the  occurrence  of such a default or
Event of Default.

6.       Term of Pledge; Redelivery of Pledged Shares.

(1) The  Collateral  shall remain pledged and in the possession of Secured Party
until Pledgor has indefeasibly  satisfied in full all of the Secured Obligations
or an Event of Default  under this Pledge  Agreement  has  occurred  and Secured
Party forecloses its security interest in the Collateral.

(2) Upon  Pledgor's  indefeasible  payment in full of the  Secured  Obligations,
Secured  Party shall  deliver to Pledgor or any other  person  legally  entitled
thereto all of the  Collateral  in Secured  Party's  possession,  including  all
certificates   evidencing  or  representing  any  securities   included  in  the
Collateral  together  with  any  assignments  separate  from  such  certificates
executed and delivered by Pledgor  hereunder,  and the pledge of the  Collateral
shall thereupon terminate.

(1)

<PAGE>

7.       Default.

(1) Under the terms of this  Agreement,  the term "default" means default in the
payment or performance by Pledgor of his  obligations  under the Guaranty,  this
Agreement,  or any of the terms of any other documentation  evidencing the Loans
("Loan Documents"), and the term "Event of Default" means:

(1) The Company fails to pay the principal of, interest accrued on, or any other
amount at any time owing under the Loan  Documents,  as and when the same become
due and payable; or

(2) The Company  defaults in the due  observance  or  performance  of any of its
covenants contained in the Loan
Documents; or

(3) The Company shall (i) become insolvent, however evidenced, (ii) apply for or
consent to the  appointment  of, or the  taking of  possession  by, a  receiver,
trustee or similar  official of or for itself or of or for all or a  substantial
part of its property, (iii) make an assignment for the benefit of its creditors,
(iv)  commence a voluntary  case under the Federal  Bankruptcy  Code,  as now or
hereafter in effect (the "Code"),  (v) file a petition seeking to take advantage
of any other bankruptcy, insolvency, moratorium, reorganization or other similar
law of any  jurisdiction  ("Other  Laws"),  (vi)  acquiesce  as to,  or  fail to
controvert in a timely or appropriate  manner, an involuntary case filed against
the Company under the Code, or (vii) take any corporate action in furtherance of
any of the foregoing; or

(4) A proceeding or involuntary case shall be commenced, without the application
or consent of the Company, in any court of competent  jurisdiction (i) under the
Code,  (ii)  seeking  liquidation,  reorganization,  dissolution,  winding up or
composition or  readjustment of its debts under any Other Laws, or (iii) seeking
the appointment of a trustee,  receiver or similar official for it or for all or
any substantial part of its assets; or

(5) A final  judgment  for the  payment of money shall be rendered by a court of
competent  jurisdiction  against the Company and the Company shall not discharge
the same, or procure a stay of execution thereof within 30 days from the date of
entry  thereof and within such 30 day period or such longer  period during which
execution of such judgment  shall have been stayed,  appeal  therefrom and cause
the  execution  thereof to be stayed  during  such  appeal,  and such  judgment,
together  with all other  judgments  against the  Company and its  subsidiaries,
shall  exceed in the  aggregate  $50,000  in excess of any  insurance  as to the
subject matter of such judgments,  as to which coverage has not been declined or
the underlying claim rejected by the applicable insurer; or

(6) The  liquidation  or dissolution of the Company or any vote in favor thereof
by the board of directors and shareholders of the Company; or (1)

<PAGE>

(7) A proceeding is commenced and remains  pending in excess of ninety (90) days
to  foreclose  a security  interest  in or lien on any asset of the Company as a
result of a default in the payment or  performance  of any  indebtedness  of the
Company in excess of $50,000 (other than the Loans); or

(8) An attachment  or  garnishment  is levied  against the assets of the Company
involving  an amount in excess of $50,000  and the lien  created by such levy is
not  vacated,  bonded or stayed  within 10 days after such lien has  attached to
such assets; or

(9) Except as presently exists, the Company defaults in the payment  (regardless
of amount) when due of the principal of,  interest on, or any other liability on
account of, any  indebtedness  of the Company  (other than the Loans)  having an
unpaid  principal  amount  in  excess of  $50,000,  or a  default  occurs in the
performance  or  observance  by the Company of any covenant or condition  (other
than for the payment of money)  contained  in any note (other than the Loans) or
agreement  evidencing or pertaining to any such  indebtedness,  which causes the
maturity of such indebtedness to be accelerated or permits the holder or holders
of such  indebtedness to declare the same to be due prior to the stated maturity
thereof; or

(10) Any  representation,  warranty or  statement of fact made by the Company in
the Loan Documents or in any certificate or financial statement delivered by the
Company to the Secured Party at any time proves to be false or misleading in any
material respect when made or deemed made by the Company.

(2) Upon the  occurrence of a default or an Event of Default,  Secured Party may
exercise  from  time to time with  respect  to the  Collateral  all  rights  and
remedies  available to a secured  party after the default under Article 9 of the
Uniform  Commercial Code as in effect at the time in the State of Florida on the
date hereof subject to the following:

(1) In exercising  any remedies  hereunder  with respect to the Pledged  Shares,
Secured Party may foreclose its security  interest in the Pledged  Shares (i) if
Secured Party shall have accelerated the maturity of the Loans upon or following
the occurrence of an Event of Default (other than an Event of Default  specified
in Sections (a)(i) through (a)(iv) inclusive,  or (a)(vi) above) or (2) upon and
during the  occurrence  of an Event of Default  specified  in Section  (a)(iii),
(iv),  or (vi)  above,  or (3) upon and  following  the 91st day  following  the
occurrence  of a default or Event of Default,  if and while all  obligations  of
Pledgor under the Guaranty and this Pledge  Agreement have not been paid in full
in cash.

<PAGE>

(2)  Pledgor   acknowledges  that  Secured  Party  may  be  subject  to  certain
restrictions  imposed by the Securities Act of 1933, as amended,  and applicable
state  securities  law  (collectively,  "Securities  Laws") in  disposing of the
Pledged  Shares or other  securities  constituting  part of the  Collateral  and
agrees (i) that such  securities may be sold privately  subject to the customary
restrictions on resale which are imposed by reason of applicable Securities Laws
in such private sales and with a resulting  reduction in the sale price and (ii)
that the sale of such securities may be delayed for extended  periods of time in
order to register the securities under the applicable Securities Laws for public
sale.  Pledgor  agrees to  cooperate  with  Secured  Party in any such sale and,
without limiting the generality of the foregoing,  to provide Secured Party with
all information,  documents and access to Pledgor's  management as Secured Party
may reasonably request in connection with any such sale.

8. Application of Proceeds. Any cash held by Secured Party as Collateral and all
cash  proceeds  received  by  Secured  Party  in  respect  of any  sale or other
disposition  of all or any part of the  Collateral  shall be  applied by Secured
Party as follows:

         first,  to  Secured  Party in an amount  sufficient  to pay in full the
expenses  of Secured  Party in  connection  with such sale or other  disposition
including legal fees and expenses of Secured Party;

second, to Secured Party to satisfy in full all outstanding Secured Obligations,
and ------

         finally,  upon  the  indefeasible  payment  in full of all the  Secured
Obligations,  to Pledgor or its representatives or to whomsoever may be lawfully
entitled  to  receive  the same,  or as a court of  competent  jurisdiction  may
direct.

9. No Waiver;  Cumulative  Remedies.  Secured Party shall not by any act, delay,
omission  or  otherwise  be deemed to have  waived any of its rights or remedies
hereunder, and no waiver of any of the provisions hereof or Pledgor's compliance
therewith shall be effective unless in writing, signed by Secured Party and then
only to the extent  therein set forth. A waiver by Secured Party of any right or
remedy  hereunder  on any one  occasion  shall not be  construed as a bar to any
right or remedy  which  Secured  Party  would  otherwise  have had on any future
occasion.  The rights and remedies  hereunder provided are cumulative and may be
exercised  singly or  concurrently,  and are not  exclusive  of any  rights  and
remedies  provided by law. None of the terms or provisions of this Agreement may
be altered,  modified  or  amended,  except by an  instrument  in writing,  duly
executed by Secured Party.

10.  Assignment.  The Loan  Documents,  the Guaranty and this  Agreement  may be
assigned by Secured Party to one or more third parties without the prior written
consent of Pledgor.

11.  Successors  and Assigns.  This  Agreement  inures to the benefit of Secured
Party and his respective legal representatives,  heirs, distributees, successors
and assigns and binds Pledgor, and his respective legal representatives,  heirs,
distributees,  successors  and  assigns,  and  the  words  "Secured  Party"  and
"Pledgor"  whenever  occurring  herein shall be deemed and  construed to include
such respective successors and assigns.

12.  Governing  Law. This  Agreement  shall in all respects be  interpreted  and
governed by, and construed in accordance with the laws of the State of Florida.

<PAGE>

13. Notices.  All notices  required to be given to any of the parties  hereunder
shall be in writing and shall be deemed to have been sufficiently  given for all
purposes  when  presented  personally to such party,  sent by  telecopier  (with
original timely mailed),  or sent by registered or express mail,  return receipt
requested, to such party at its address set forth below:

                           If to Pledgor, to:

                           Carol Kolozs
                           1080 Howell Branch Road
                           Winter Park, FL  32789

                           With a copy to:

                           Jim Schnorf, Esq.
                           Continental Capital

                           195 Wekiva Springs Rd., Suite 200
                           Longwood, FL  32779

                           If to Secured Party, to:

                           Robert E. Schmidt, Jr.
                           4340 W. Hillsborough Ave., #212
                           Tampa, FL  33614

                           With a copy to:

                           James G. Willard, Esquire
                           Shutts & Bowen LLP
                           20 N. Orange Ave., Ste. 1000
                           Orlando, FL  32801-4626

14. Entire  Agreement.  This Pledge Agreement  embodies the entire agreement and
understanding  between  Secured  Party and the Pledgor as to the subject  matter
hereof and supersedes all prior  agreements and  understandings  relating to the
subject matter hereof and thereof.
15.  Counterparts.  This Agreement may be executed in any number of counterparts
which shall, collectively and separately, constitute one agreement.

16.  Documentary  Stamp  Tax.  Pledgor  shall  be  responsible  for all  Florida
documentary  stamp taxes owed, if any, as a result of the stock  transfers  made
under the terms of this Agreement.

<PAGE>

17.      Consent To Jurisdiction, Waiver Of Jury Trial.

         PLEDGOR HEREBY  IRREVOCABLY  SUBMITS TO THE JURISDICTION OF THE SUPREME
COURT OF THE STATE OF FLORIDA,  COUNTY OF ORANGE, AND THE UNITED STATES DISTRICT
COURT FOR THE MIDDLE DISTRICT OF FLORIDA IN ANY ACTION OR PROCEEDING ARISING OUT
OF OR RELATING  TO THIS PLEDGE  AGREEMENT  OR ANY OF THE  DOCUMENTS  EXECUTED IN
CONNECTION  HEREWITH,  AND PLEDGOR HEREBY  IRREVOCABLY AGREES THAT ALL CLAIMS IN
RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH FLORIDA
STATE OR FEDERAL COURT. PLEDGOR HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
IT  MAY  EFFECTIVELY  DO  SO,  THE  DEFENSE  OF AN  INCONVENIENT  FORUM  TO  THE
MAINTENANCE OF SUCH ACTION OR PROCEEDING.  PLEDGOR ALSO IRREVOCABLY  CONSENTS TO
THE  SERVICE OF ANY AND ALL  PROCESS  IN ANY SUCH  ACTION OF  PROCEEDING  BY THE
MAILING OF A COPY OF SUCH  PROCESS TO PLEDGOR  BY  REGISTERED  OR EXPRESS  MAIL,
RETURN RECEIPT  REQUESTED,  AT HIS ADDRESS SPECIFIED  HEREIN.  SUCH SERVICE WILL
BECOME  EFFECTIVE  THREE (3) BUSINESS DAYS AFTER SUCH MAILING AND WILL BE DEEMED
IN EVERY  RESPECT  EFFECTIVE  SERVICE ON PLEDGOR IN SUCH  ACTION OR  PROCEEDING.
PLEDGOR AGREES THAT A FINAL  JUDGMENT IN ANY SUCH ACTION OR PROCEEDING  SHALL BE
CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR
IN ANY MANNER PROVIDED BY LAW.

         NOTHING IN THIS  SECTION  SHALL  AFFECT  THE RIGHT OF SECURED  PARTY TO
SERVE LEGAL PROCESS IN ANY OTHER MANNER  PERMITTED BY LAW OR AFFECT THE RIGHT OF
SECURED PARTY TO BRING ANY ACTION OR PROCEEDING  AGAINST PLEDGOR OR ITS PROPERTY
IN THE COURTS OF ANY OTHER JURISDICTION.

         EACH OF PLEDGOR AND SECURED  PARTY,  BY ITS ACCEPTANCE  HEREOF,  HEREBY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE
TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION  DIRECTLY OR INDIRECTLY  ARISING
OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY AGREEMENT  EXECUTED IN
CONNECTION  HEREWITH  OR  IN  CONNECTION  WITH  ANY  DEFENSE,   COUNTERCLAIM  OR
CROSSCLAIM ASSERTED BY PLEDGOR IN ANY SUCH LITIGATION.

         IN WITNESS  WHEREOF,  Pledgor  has  caused  this  Agreement  to be duly
executed as of the day and year first written above.

                                    PLEDGOR:

                                                     /s/ Carol Kolozs

                                  Carol Kolozs

ORLDOCS 10006795.1 LMWASSIGNMENT OF LOAN

THIS  ASSIGNMENT  OF LOAN (this  "Assignment")  effective  as of the 14th day of
January,  2000,  by and  among  ROBERT E.  SCHMIDT,  JR.  ("Assignor"),  SCHMIDT
INTERNATIONAL,  LLC, a Florida limited  liability company  ("Assignee"),  AARICA
HOLDINGS,  INC., a Texas  corporation  ("Borrower"),  and CAROL  KOLOZS,  AARICA
SPORT,  S.A. de C.V.,  AND TAIMEX  INDUSTRIES,  S.A. de C.V.  (collectively  the
"Guarantors").

         WHEREAS,  Borrower,  Guarantors, and Assignor entered into that certain
Loan  Agreement  dated  March 8, 1999,  as  amended,  whereby  Borrower  and its
subsidiaries  borrowed an aggregate of $2,377,500.00  from Assignor (the "Loan")
and Guarantors guaranteed the Loan; and

         WHEREAS,  Assignor  desires to assign  all of his  rights,  title,  and
interest under the Loan,  including all loan documents,  promissory  notes,  and
security  documents  , and  Assignee is willing to accept  such  assignment  and
assume all obligations thereunder.

         NOW, THEREFORE, in consideration of the premises herein contained,  Ten
Dollars  ($10.00),  and other good and valuable  consideration,  the receipt and
sufficiency  of which are  hereby  acknowledged,  the  parties  hereto  agree as
follows:

     1.  Recitals.   The  above  recitals  are  hereby  incorporated  herein  by
reference. --------

     2. Assignment of Loan.  Assignor  hereby assigns all of his rights,  title,
and interest under the Loan to ------------------ Assignee.

     3. Acceptance of Assignment.  Assignee hereby accepts the assignment of all
of Assignor's rights,  title,  -------------------------  and interest under the
Loan,   relieves  Assignor  of  all  liability,   and  assumes  all  obligations
thereunder.

     4. Consent. Borrower and Guarantors hereby consent to the Assignment of the
Loan from Assignor to ------- Assignee.

         IN WITNESS  WHEREOF,  the parties hereto have executed this  Assignment
the day and year first above written.

ASSIGNEE:                                                     ASSIGNOR:

SCHMIDT INTERNATIONAL, LLC

By: /s/ Robert E. Schmidt, Jr.      ___            /s/ Robert E. Schmidt, Jr.
    -----------------------------------           --------------------------
      Robert E. Schmidt, Member                    Robert E. Schmidt, Jr.

<PAGE>

BORROWER:                                            GUARANTOR:

AARICA HOLDINGS, INC.

By: /s/ Carol Kolozs       _____                              /s/ Carol Kolozs
    ----------------------------                              ----------------
      Carol Kolozs, President                                 Carol Kolozs

GUARANTOR:

AARICA SPORT, S.A. de C.V.                  TAIMEX INDUSTRIES, S.A. de C.V.

By: /s/ Carol Kolozs                                   By:_ /s/ Carol Kolozs
   -----------------                                   -----------------
      Carol Kolozs, President                          Carol Kolozs, President

ORLDOCS 10007046.1 LMW

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