July 26, 2017

RUBY TEQUILA'S MEXICAN KITCHEN

R Tequila Acquisition, LLC ("RTA") operated four Ruby Tequila's Mexican Kitchen restaurants in Amarillo and Lubbock (the "Restaurants") prior to May 1, 2017. Because Fired Up Holding Company, Inc. ("Fired Up") indicated its intent to purchase the Restaurants, RTA signed multiple contracts with Fired Up. In the contracts, beginning May 1, 2017, Fired Up assumed the

responsibility of operating the Restaurants, employing the employees of the Restaurants, and paying all employee wages and other Restaurant expenses incurred during Fired Up's operation of the Restaurants.

RTA received a copy of a letter dated July 16, 2017 from Fired Up's Director of Human Resources, Kami Jackson, to "Team Ruby's." RTA has been informed that Fired Up sent the letter to certain of Fired Up's employees who worked at the Restaurants. The letter stated that July 16, 2017 was the last day that Fired Up would operate the Restaurants. Fired Up also claimed to have terminated all of its contracts with RTA, which is a claim that RTA strongly disputes. The Restaurants closed on July 17, 2017. Thereafter, RTA saw press reports stating that employees and vendors who worked for Fired Up at the Restaurants claimed not to have been paid by Fired

Up. A State of Texas taxing authority also informed RTA that the government had not received taxes due from the sale of alcoholic beverages at the Restaurants after May 1. RTA does not yet know if the Restaurants will be able to recover from the current situation. RTA is currently conferring with its attorneys regarding Fired Up's actions.