Exhibit
4.1





 


CONSOLIDATED,
AMENDED AND RESTATED PROMISSORY NOTE


 


	$99,145,838.22	Executed
    in the City of Houston, State of Texas
	 	Dated
    as of September 30, 2021


 


The
undersigned, RCI HOLDINGS, INC., a Texas corporation (“Maker” or “Borrower”), promises to pay to the order of
CENTENNIAL BANK (hereinafter, together with any holder hereof, called, “Payee” or “Lender” or “Holder”),
at its office at 6300 NE First Avenue, Suite 300, Fort Lauderdale, Florida 33334 or at such other place as Payee may from time to time
designate, the principal sum of Ninety-Nine Million One Hundred Forty-Five Thousand Eight Hundred Thirty-Eight and 22/100 Dollars ($99,145,838.22)
together with interest thereon from the date hereof at the interest rate set forth herein, which sums are to be repaid as follows:


 


This
Note shall initially bear interest at a fixed interest rate of 5.25% per annum through September 30, 2026 (the “Adjustment Date”),
at which time the interest rate shall adjust to a fixed rate equal to the weekly average yield on U.S. Treasury Securities adjusted to
a constant maturity for a term of five (5) years, as made available by the Federal Reserve Board (Federal Reserve Board Release H.15)
as most recently published prior to the Adjustment Date (rounded upwards to the nearest 1/8 of 1%) plus 350 basis points, provided
in no event shall the interest rate be less than 5.25% per annum. The interest rate as adjusted following the Adjustment Date shall be
in effect for the remaining five (5) years of the term of this Note. Monthly payments of principal and interest in the amount of $668,051.18
(based on a 20-year amortization period) shall initially be due and payable under this Note, with the first payment due and payable on
the 30th day of October, 2021, with like payments of principal and interest due and payable on the 30th day of
each month thereafter through the Adjustment Date. Following the Adjustment Date, the monthly payments of principal and interest shall
adjust based upon the new interest rate and the remaining amortization period, with such payments of principal and interest due and payable
on the 30th day of each month thereafter commencing on October 30, 2026 and continuing through and until September 30, 2031
(the “Maturity Date”) at which time the entire principal balance of this Note together with all accrued and unpaid interest
thereon shall be due and payable in full.


 


Interest
charged under this Note shall be computed on the basis of a 360-day year for the actual number of days elapsed. All payments hereunder
shall be made in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment
of public and private debts. Unless otherwise agreed or required by applicable law, payments will be applied first to any escrow or reserve
account payments as required under any mortgage, deed of trust, or other security instrument or security agreement securing this Note;
then to any late charges; then to any accrued unpaid interest; and then to principal.


 




    	 



    	 



    

 


In
order to compensate Payee for loss and expense occasioned by handling delinquent payments, which include, but are not limited to, the
cost of processing and collecting delinquencies, Maker shall pay to Payee, in addition to any interest or other sums payable under this
Note, a service charge equal to five percent (5%) of the amount of any payment not received by Payee within ten (10) days of the due
date thereof.


 


This
Note may be prepaid in whole or in part at any time without premium or penalty; provided, however, in the event any prepayment is made
during the initial eight (8) years of the term of this Note, Borrower shall pay the following prepayment fees: (i) in the event of a
prepayment during years 1 and 2 of the term, an amount equal to five percent (5%) of the amount prepaid shall be due and payable; (ii)
in the event of a prepayment during years 3 and 4 of the term, an amount equal to four percent (4%) of the amount prepaid shall be due
and payable; (iii) in the event of a prepayment during years 5 and 6 of the term, an amount equal to three percent (3%) of the amount
prepaid shall be due and payable; and (iv) in the event of a prepayment during years 7 and 8 of the term, an amount equal to two percent
(2%) of the amount prepaid shall be due and payable. Any partial prepayment shall be applied in inverse order of maturity and will not
reduce or delay the payment of the next regularly scheduled payment. Notwithstanding the foregoing, no prepayment fees shall be payable
as to principal paydowns made in connection with partial releases of a Property.


 


From
and after the date upon which any payment of principal or interest hereunder becomes due and payable (whether by acceleration or otherwise)
or any other monetary default if the same is not paid within ten (10) days of the due date, or upon the occurrence of any non-monetary
default under this Note or any non-monetary default under any of the Loan Documents which is not cured within thirty (30) days after
written notice of said non-monetary default unless such default does not involve the payment of money and cannot be cured within such
thirty (30) day period with diligent efforts and (i) Maker has been and continues to diligently and in good faith pursue a cure thereof;
and (ii) notifies Payee in writing of the cure it is pursuing and the projected completion date of such cure, then the time allowed Maker
to cure the default shall be extended for such period as may be reasonably necessary for the prompt, diligent and good faith cure thereof,
but such period shall not exceed sixty (60) days after the date of Payee’s written notice of default to Maker, interest shall be
payable on all sums outstanding hereunder at the lesser of: (i) the maximum rate permitted by applicable law if any, or (ii) twenty-five
percent (25%) per annum (the “Default Rate”), and shall be due and payable ON DEMAND. Any judgment obtained by Payee against
Maker as to any amounts due under this Note shall also bear interest at the Default Rate.


 


Borrower
shall establish and maintain a satisfactory depository relationship with Lender throughout the term of the loan evidenced by this Note
(the “Loan”) including without limitation, all accounts related to the Tenant Leases and the Property (as such terms are
defined in the Loan Agreement). Borrower recognizes that the establishment and maintenance of such depository relationship was an important
factor and a material inducement to Lender in establishing the terms and conditions, including the interest rate, of the Loan. In the
event that Borrower fails to maintain said depository relationship at any time during the term of the Loan, the interest rate charged
under this Note will increase by one percent (1.0%) per annum at that time.


 




    	2



    	 



    

 


This
Note is secured by certain security documents encumbering the property described therein, including, without limitation, the following:


 


	 	A.	Certain
    Mortgages, Security Agreement, Fixture Filing and Assignment of Rents, Leases and Deposits (the “Mortgages”).
	 	B.	Certain
    Deeds of Trust, Assignment of Rents, Security Agreement and Fixture Filing (the “Deeds of Trust”).
	 	C.	UCC-1
    Financing Statements.
	 	D.	Assignment
    of Rents, Leases and Deposits.
	 	E.	Loan
    Agreement (capitalized terms not otherwise defined herein shall have the meanings set forth in the Loan Agreement).
	 	F.	Collateral
    Assignment of Rights and Agreements Affecting Real Estate.
	 	G.	Associated
    affidavits, disclosures and miscellaneous loan documentation.


 


This
Note, all documents listed above, and any other documents executed in connection with this Note, are collectively referred to as the
“Loan Documents”.


 


In
the event of the continuation of any default in the payment of any interest or principal or other amounts due under this Note for a period
of ten (10) days after such payment becomes due, or upon the occurrence of any non-monetary event of default under the terms and provisions
of this Note or upon the occurrence of any monetary or non-monetary default under any of the Loan Documents, or any other documents delivered
to Payee in connection with this Note, or any other obligation of Maker to Payee, then Payee upon expiration of any applicable grace
or cure period may declare the entire unpaid principal amount outstanding hereunder, together with interest accrued thereon and any other
lawful charges accrued hereunder, immediately due and payable.


 


Maker
and any endorsers, sureties, guarantors, and all others who are, or at some future date may become, liable for the payments required
hereunder grant a continuing first lien security interest in and to, and authorize Payee, in its sole discretion at any time after an
event of default hereunder and after expiration of any applicable grace or cure period, in such order as Payee may elect, to apply to
the payment of obligations due and owing hereunder, or to the payment of any and all indebtedness, liabilities and obligations of such
parties to Payee, whether now existing or hereafter created, any and all monies, general or specific deposits, or collateral of whatsoever
nature of any of the above noted parties, now or hereafter in the possession of Payee. All property described in this paragraph above,
along with all property secured by the Loan Documents, including all proceeds thereof and rights in connection therewith, together with
additions and substitutions, are hereinafter collectively referred to as the “Collateral”.


 


Additions
to, releases, reductions, or exchanges of or substitutions for the Collateral, payments on account of this Note, or increases of the
same, or other loans made partially or wholly upon the Collateral, may from time to time be made without affecting the provisions of
this Note or the liabilities of any party hereto. If any of the Collateral is personal property, Payee shall exercise reasonable care
in the custody and preservation of the Collateral in its possession, and shall be deemed to have exercised reasonable care if it takes
such action for that purpose as Maker shall reasonably request in writing, but no omission to comply with any request of Maker shall
of itself be deemed a failure to exercise reasonable care. Payee shall not be bound to take any steps necessary to preserve any rights
in the Collateral against prior parties, and Maker shall take all necessary steps for such purposes. Payee or its nominee need not collect
interest on or principal of any Collateral or give any notice with respect thereto.


 




    	3



    	 



    

 


Upon
the happening of any of the following events, each of which shall constitute a default hereunder, all sums due hereunder shall thereupon
or thereafter, at Payee’s option, without notice or demand, become immediately due and payable: (a) failure of any Obligor (which
term shall mean and include each Maker, endorser, surety, guarantor, general partner of Maker or other party liable for payment of or
pledging collateral or security under this Note) to pay any sum due hereunder within ten (10) days of the date due or due by any Obligor
to Payee under any other promissory note or under any security instrument or written obligation of any kind now existing or hereafter
created; (b) occurrence of non-monetary default under any of the Loan Documents or any other loan agreement or security instrument now
or hereafter in effect which, by its terms, covers this Note or the indebtedness evidenced hereby and such default shall continue for
thirty (30) days after the date of written notice thereof from Payee to Maker, unless such default does not involve the payment of money
and cannot be cured within such thirty (30) day period with diligent efforts and (i) Maker has been and continues to diligently and in
good faith pursue a cure thereof; and (ii) Maker notifies Payee in writing of the cure it is pursuing and the projected completion date
of such cure, then the time allowed Maker to cure the default shall be extended for such period as may be reasonably necessary for the
prompt, diligent and good faith cure thereof, but such period shall not exceed sixty (60) days after the date of Payee’s written
notice of default to Maker; (c) filing of any petition under the Bankruptcy Code or any similar federal or state statute by any Obligor
or the filing of any petition under the Bankruptcy Code or any similar federal or state statute against any Obligor or for a custodian,
receiver or trustee of any of Obligor’s property, which is not dismissed within sixty (60) days, or if Obligor is adjudged insolvent
by any state or federal court of competent jurisdiction; (d) making of a general assignment by any Obligor for the benefit of creditors,
or any proceeding for dissolution or liquidation of any Obligor; (e) entry of a judgment against any Obligor (other than Maker) in an
amount in excess of $1,000,000 and which judgment is not discharged (by payment, bonding or otherwise) within sixty (60) days of its
date of entry; or entry of a judgment against Maker, which judgment is not discharged (by payment, bonding or otherwise) within sixty
(60) days of its entry; (f) material falsity, at the time made, in any certificate, statement, representation, warranty or audit furnished
to Payee by or on behalf of any Obligor pursuant to or in connection with this Note, the Loan Documents or any loan agreement or security
agreements now or hereafter in effect which, by its terms, covers this Note or the indebtedness evidenced hereby or otherwise including
any omission to disclose any substantial contingent or liquidated liabilities or any material adverse change in any facts disclosed by
any certificate, statement, representation, warranty or audit furnished to Payee; (g) issuance of any writ of attachment or writ of garnishment
or filing of any lien against any substantial portion of the property of any Obligor, which writ of attachment, writ of garnishment or
lien is not discharged ( by payment, bonding or otherwise) within sixty (60) days of its date of entry; (h) taking of possession of the
Collateral or any material part thereof at the instance of any governmental authority or the taking of possession of any substantial
part of the property of any Obligor at the instance of any governmental authority; (i) dissolution, termination, merger, consolidation,
or reorganization of any Obligor; (j) assignment or sale by any Obligor of any equity in any Collateral securing payment of this Note
without the prior written consent of Payee; (k) cancellation of any guaranty with respect hereto without the prior written consent of
Payee; or (l) occurrence of any default under any guaranty executed in connection with this Note or under any obligation of Maker or
of any Obligor to Payee, which default is not cured within any applicable grace period.


 




    	4



    	 



    

 


Payee
shall have all of the rights and remedies of a creditor, mortgagee and secured party under all applicable law. Without limiting the generality
of the foregoing, upon the occurrence of any default hereunder which is not cured within any applicable grace period, Payee may, at its
option, and without notice or demand (i) declare the entire unpaid principal and accrued interest accelerated and due and payable at
once, together with any and all other liabilities of Maker or any of such liabilities selected by Payee; and (ii) set-off against this
Note all monies owed by Payee in any capacity to Maker, whether or not due, and also set-off against all other liabilities of Maker to
Payee all monies owed by Payee in any capacity to Maker, and Payee shall be deemed to have exercised such right of set-off, and to have
made a charge against any such money immediately upon the occurrence of such default, although made or entered on the books subsequent
thereto. To the extent that any of the Collateral is personal property and Payee elects to proceed with respect to it in accordance with
the Uniform Commercial Code then, unless that collateral is perishable or threatens to decline speedily in value, or is of a type customarily
sold on a recognized market, Payee will give Maker reasonable notice of the time and place of any public or private sale thereof. The
requirement of reasonable notice shall be met if such notice is, at the option of Payee, hand delivered, sent via expedited courier,
or mailed, postage pre-paid to Maker, at the address given to Payee by Maker, or at any other address shown on the records of Payee at
least ten (10) days before the time of sale. Upon disposition of any Collateral after the occurrence of any default hereunder, Maker
shall be and shall remain liable for any deficiency; and Payee shall account to Maker for any surplus, but Payee shall have the right
to apply all or part of such surplus (or to hold the same as reserve) against any and all other liabilities of Maker to Payee.


 


Payee
may, at any time, if there is a default in the Note which is not cured within any applicable grace period: (i) pledge or transfer this
Note and its interest in the Collateral, and the pledgee or the transferee shall, for all purposes, stand in the place of Payee and have
all the rights of Payee set forth herein; (ii) transfer the whole or any part of the Collateral into the name of itself or its nominee;
(iii) vote the Collateral; (iv) notify Maker to make payment to Payee of any amounts due or to become due thereon; (v) demand, sue for,
collect, or make any compromise or settlement it deems desirable with reference to the Collateral; (vi) take possession or control of
any proceeds of the Collateral; and (vii) exercise all other rights necessary or required, in Payee’s discretion, in order to protect
its interests hereunder.


 




    	5



    	 



    

 


In
no event shall Payee be entitled to unearned or unaccrued interest or other charges or rebates, except as may be authorized by law, and
should any interest or other charges paid by Maker or other parties liable for the payment of this Note result in the computation or
earning of interest in excess of the maximum rate of interest that is legally permitted under applicable law, then any and all such excess
shall be and the same is hereby waived by Payee, and any and all such excess shall be automatically credited against and reduce the balance
due under this indebtedness, and the portion of said excess which exceeds the balance due under this indebtedness, shall be paid by Payee
to Maker and parties liable for the payment of this Note. Payee may, in determining the maximum rate permitted under applicable law in
effect from time to time, take advantage of (i) the maximum rate of interest permitted under Florida law or federal law, whichever is
higher, including any laws regarding parity among lenders; and (ii) any other law, rule or regulation in effect from time to time available
to Payee, which exempts Payee from any limit upon the rate of interest it may charge, or grants to Payee the right to charge a higher
rate of interest than that permitted by Chapter 687, Florida Statutes. In determining whether or not the interest paid or payable under
any specific contingency exceeds the highest lawful rate, Payee shall, to the maximum extent permitted under applicable law (a) characterize
any non-principal payment as an expense, fee or premium rather than as interest, (b) exclude voluntary prepayments and the effects thereof,
and (c) “spread” the total amount of interest throughout the maximum term of the obligation so that the interest rate is
uniform throughout the entire term of the obligation.


 


The
provisions of this Note and the Loan Documents (other than the Mortgages, Deeds of Trusts and Assignment of Rents, Leases and Deposits,
which shall be governed by the laws of the applicable States as provided therein) shall be construed according to the internal laws (and
not the laws of conflicts) of the State of Florida; except as set forth above, if Federal law would allow the payment of interest hereunder
at a higher maximum rate than would be applicable under Florida law, in which case such Federal law shall apply to the determination
of the highest applicable lawful rate of interest hereunder.


 


No
delay or omission on the part of Payee in exercising any right hereunder shall operate as a waiver of such right or of any other rights
under this Note. Presentment, demand, protest, notice of dishonor and all other notices are hereby waived by Maker. Maker promises and
agrees to pay all costs of collection and attorneys’ fees, which shall include reasonable attorneys’ fees in connection with
any suit, out of court, in trial, on appeal, in bankruptcy proceedings or otherwise, incurred or paid by Payee in enforcing this Note
or preserving any right or interest of Payee set forth herein. Any notice to Maker shall be sufficiently served for all purposes if placed
in the mail, postage prepaid, addressed to, or left upon the premises at the address of Maker as provided to Payee.


 


This
Note is not assumable without Payee’s prior written consent, which consent may be granted by Payee or denied by Payee, in Payee’s
sole and absolute discretion.


 


Maker
agrees that at Payee’s sole option, Broward County, Florida or Miami-Dade County, Florida shall be the proper venue for any and
all legal proceedings arising out of this Note, or any of the Loan Documents (other than the Mortgages, Deeds of Trusts and Assignment
of Rents, Leases and Deposits).


 




    	6



    	 



    

 


This
Note and the other Loan Documents constitute the sole agreement of the parties with respect to the transaction contemplated hereby and
supersede all oral negotiations and prior writings with respect thereto. No waivers, amendments or modifications of this Note and other
Loan Documents shall be valid unless in writing and signed by an authorized officer of the Lender. No waiver by Lender of any default
shall operate as a waiver of any other default or the same default on a future occasion. Neither the failure nor any delay on the part
of the Lender in exercising any right, power, or remedy under this Note and other Loan Documents shall operate as a waiver thereof, nor
shall a single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or
remedy.


 


THIS
CONSOLIDATED, AMENDED AND RESTATED PROMISSORY NOTE CONSTITUTES (A) AN AMENDMENT, RESTATEMENT AND CONSOLIDATION OF (i) THAT CERTAIN CONSOLIDATED,
AMENDED AND RESTATED PROMISSORY NOTE DATED DECEMBER 14, 2017 IN THE ORIGINAL PRINCIPAL AMOUNT OF $62,539,366.08, EXECUTED BY MAKER IN
FAVOR OF PAYEE; (ii) THAT CERTAIN PROMISSORY NOTE DATED DECEMBER 14, 2017, IN THE ORIGINAL PRINCIPAL AMOUNT OF $8,147,572.57, EXECUTED
BY MAKER IN FAVOR OF PAYEE; (iii) THAT CERTAIN AMENDED AND RESTATED PROMISSORY NOTE DATED DECEMBER 14, 2017, IN THE PRINCIPAL AMOUNT
OF $10,558,311.35 EXECUTED BY MAKER IN FAVOR OF PAYEE AND (iv) THAT CERTAIN PROMISSORY NOTE DATED AS OF SEPTEMBER 7, 2018 IN THE ORIGINAL
PRINCIPAL AMOUNT OF $1,550,000.00 EXECUTED BY MAKER AND TEZ REAL ESTATE LP IN FAVOR OF PAYEE (COLLECTIVELY, THE “EXISTING NOTES”),
AND (B) AN ADDITIONAL PRINCIPAL ADVANCE IN THE AMOUNT OF $36,314,129.93 (THE “ADDITIONAL ADVANCE”). THE TOTAL OUTSTANDING
PRINCIPAL INDEBTEDNESS ON THE DATE HEREOF EVIDENCED BY THE EXISTING NOTES IS $62,831,708.29. IN THE EVENT OF A CONFLICT BETWEEN
THE TERMS AND PROVISIONS OF THE EXISTING NOTES AND THE TERMS AND PROVISIONS OF THIS NOTE, THE TERMS AND PROVISIONS OF THIS NOTE SHALL
GOVERN, CONTROL AND PREVAIL SUCH THAT THE TERMS AND PROVISIONS OF THIS NOTE SHALL GOVERN THE REPAYMENT, TERMS AND CONDITIONS AND ALL
OTHER TERMS AND CONDITIONS OF THE INDEBTEDNESS EVIDENCED BY THE EXISTING NOTES, AS CONSOLIDATED, AMENDED, RESTATED, INCREASED AND REPLACED
BY THIS NOTE. THE EXISTING NOTES ARE ATTACHED HERETO.


 


WAIVER
OF TRIAL BY JURY. MAKER AND HOLDER HEREBY MUTUALLY, KNOWINGLY, WILLINGLY, INTENTIONALLY AND VOLUNTARILY WAIVE THEIR RIGHT TO TRIAL
BY JURY AND NO PARTY, NOR ANY ASSIGNEE, SUCCESSOR, HEIR, OR LEGAL REPRESENTATIVE OF THE PARTIES (ALL OF WHOM ARE HEREINAFTER REFERRED
TO AS THE “PARTIES”) SHALL SEEK A JURY TRIAL IN ANY LAWSUIT, PROCEEDING, COUNTERCLAIM, OR ANY OTHER LITIGATION PROCEEDING
BASED UPON OR ARISING OUT OF THIS NOTE OR THE LOAN DOCUMENTS, OR ANY INSTRUMENT EVIDENCING, SECURING, OR RELATING TO THE INDEBTEDNESS
AND OTHER OBLIGATIONS EVIDENCED HEREBY OR ANY RELATED AGREEMENT OR INSTRUMENT, ANY OTHER COLLATERAL FOR THE INDEBTEDNESS EVIDENCED HEREBY
OR ANY COURSE OF ACTION, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS RELATING TO THE LOAN OR TO THIS NOTE. THE
PARTIES ALSO WAIVE ANY RIGHT TO CONSOLIDATE ANY ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED, WITH ANY OTHER ACTION IN WHICH A JURY TRIAL
HAS NOT BEEN WAIVED. THE PROVISIONS OF THIS PARAGRAPH HAVE BEEN FULLY NEGOTIATED BY THE PARTIES. THE WAIVER CONTAINED HEREIN IS IRREVOCABLE,
CONSTITUTES A KNOWING AND VOLUNTARY WAIVER, AND SHALL BE SUBJECT TO NO EXCEPTIONS. HOLDER HAS IN NO WAY AGREED WITH OR REPRESENTED TO
MAKER OR ANY OTHER PARTY THAT THE PROVISIONS OF THIS PARAGRAPH WILL NOT BE FULLY ENFORCED IN ALL INSTANCES.


 




    	7



    	 



    

 


THE
PROPER FLORIDA DOCUMENTARY STAMP TAX HAS PREVIOUSLY BEEN PAID WITH THE RECORDATION OF THE MORTGAGE ENCUMBERING PROPERTY LOCATED IN THE
STATE OF FLORIDA SECURING THIS PROMISSORY NOTE.


 


	 	RCI
    HOLDINGS, INC., a Texas corporation
	 	 	 
	 	By:	/s/
    Eric Langan
	 	 	Eric
    Langan, President


 


STATE
OF TEXAS


COUNTY
OF HARRIS


 


The
foregoing instrument was acknowledged before me this 1st day of October, 2021 by Eric Langan, as President of,
and on behalf of, RCI HOLDINGS, INC., a Texas corporation, who (__) is personally known to me or (X) produced a driver’s
license as identification.


 


	 	/s/
    Angela Jones Phillips
	 	Notary
    Public - State and County Aforesaid
	 	Print
    Name: Angela Jones Phillips
	 	My
    Commission Expires: 4-17-2024
	 	 
	 	(Signed
    as a Notary and not as a Maker or 
	 	Obligor
    of this Note.)


 




    	8