Document:

EXHIBIT 10.2

                                 PROMISSORY NOTE

$325,000.00                                                Date:  June 13, 2005

FOR  THE  BALANCE  OF THE PURCHASE PRICE (pursuant to a Purchase Agreement dated
the  13th  day  of  June,  2005) the undersigned (hereinafter referred to as the
"Debtor",  whether  one  or  more  in  number)  promises to pay to TONY E. HEGE,
individually, (hereinafter "Creditor"), or order, at any office of Creditor, the
principal  sum of THREE HUNDRED TWENTY-FIVE THOUSAND DOLLARS ($325,000.00), plus
interest  at  the  rate hereinafter provided, and payable in accordance with the
payment  schedule  set  out  below.

     This  Promissory Note shall bear interest from the date of execution hereof
     at the fixed rate of Seven percent (7.0%) per annum until paid.

     Payments  shall be made as follows: An initial payment due November 1, 2005
     of  interest only for the period of time from the date hereof until October
     31,  2005,  plus  a principal reduction payment in the amount of $3,009.29,
     and  thereafter  eighty-three  (83)  successive  equal  monthly  payments
     commencing  December  1,  2005,  of principal and interest in the amount of
     $4,905.12  until  paid  in  full.

This  Promissory  Note is secured by a Security Agreement, liens upon the assets
of  and after acquired assets of RCI Entertainment (North Carolina), Inc., d/b/a
Rick's  Cabaret  located  at  5300 Old Pineville Road, Charlotte, North Carolina
28217.

The  time  for  making  payments  is of the essence.  However the Creditor shall
provide  the Debtor written notice of any failure of the Debtor to pay an amount
due  to  the  Creditor  as  agreed  and Debtor shall have five (5) days from the
receipt of said notice to cure such default. Unless otherwise agreed or required
by  law,  each payment shall be applied in such order and manner as the Creditor
may  elect to unpaid interest, fees, premiums, other charges and to principal in
the  order  due.  Prepayments  may,  at the Creditor's discretion, be applied in
reverse  order  of  the  dates  periodic  payments are due.  Debtor may elect to
prepay this Note in whole or in part, at any time without premium or penalty. If
Debtor  sells  all or substantially all of the business, either by asset sale or
units  of membership sale, stock sale or otherwise, or transfers any interest in
the  business  RCI  Entertainment  (North Carolina), Inc. or any interest in Top
Shelf  Entertainment,  LLC, then this note shall be pre- paid in accordance with
Section  1.4  of  the  Purchase  Agreement executed of even date herewith by the
Creditor  and  Debtor.

The  amount  of any final payment, or the number of payments required to pay the
indebtedness  in full, may differ from the payment schedule provided if payments
are  made  on  other  than  the  exact  due  dates.

The  following  shall  be grounds for declaration of default: (a) failure of any
Debtor to pay an amount due to the Creditor as agreed, (b) failure of any Debtor
to  comply  with  any  other  obligation  to  the  Creditor,  (c)  the death, or
declaration  of  incompetency of any Debtor, or the dissolution, merger in which
it  is  not  the  survivor,  reorganization  with  any  unaffiliated  third

<PAGE>
party,  or  other material change in the structure of Debtor, as applicable, (d)
the loss or destruction of more than twenty-five percent (25%) of the collateral
which  is  not  replaced  collateral  securing  payment to the Creditor, (e) the
filing of any petition in bankruptcy or insolvency by or against any Debtor, (f)
determination  that  any  information  supplied to the Creditor by any Debtor in
connection  with  this  credit is materially false or incomplete, and (g) Debtor
moving  its business to another location without prior written approval from the
Creditor,

Upon  determination  by  the  Creditor  of  the existence of any such ground for
default,  the  Creditor  may,  without  notice,  declare  a  default  hereunder,
whereupon  all  amounts  due  hereunder,  and  under any other obligation to the
Creditor, shall become immediately due and payable.  Any failure of the Creditor
to  declare a default, or to otherwise exercise any right or remedy available to
it,  shall  not constitute a waiver by the Creditor of any such right or remedy.
All  amounts  due to the Creditor after the Creditor declares Debtor in default,
shall  bear interest at the maximum rate allowed by law, but if there is no such
maximum,  then  at  Sixteen  percent  (16%)  per  year  until  paid.

Upon  default, Debtor agrees to pay the Creditor such reasonable attorneys' fees
as  may  be  allowed  by law, plus all other expenses reasonably incurred by the
Creditor  (including  reasonable  attorneys'  fees)  in exercising its rights or
remedies,  enforcing  its  rights  against others, or in storing, protecting, or
repossessing  any  collateral.

Unless  this  Promissory  Note  is  payable  in  a  single  payment,  and not by
installments  of interest or principal and interest, Debtor agrees to pay a late
fee  of  10%  for  any  payment  past  due  for ten  (10) business days or more.

All  parties  to  this  Promissory  Note,  including  Debtor  and  any sureties,
endorsers,  or  guarantors hereby waive protest, presentment, notice of dishonor
and  all  other  notices  required  by  law.  All  parties agree to remain bound
hereunder notwithstanding any release of other parties, the release or surrender
of  collateral,  or  any  extension  of  time for payment.  Each Debtor shall be
jointly  and  severally  liable  hereunder.

This Note may not be changed orally and shall be governed in accordance with the
laws  of  the  State  of  North  Carolina.

     IN TESTIMONY WHEREOF, effective as of the day and year first above written,
the  corporate  Debtor  has caused this instrument to be signed in its corporate
name  by  its  duly  authorized  officers and its seal to be hereunto affixed by
authority  of  its  Board  of  Directors.

                                       DEBTOR:
                                       RCI ENTERTAINMENT (NORTH CAROLINA), INC.

Attest: /s/                            By: /s/ Eric Langan
       ----------------------------        ---------------
                 Secretary             Name: Eric Langan
(Corporate Seal)                       Title: President<PAGE>

Exhibit 10.1
------------

June 10, 2005

The Board of Directors
Ace Marketing
457 Rockaway Ave
Valley Stream
New York 11581

Attn: Mr. Dean Julia, CEO

Dear Mr. Julia

This letter, when executed by the parties hereto, will constitute an agreement
between Ace Marketing, (the "Company") and Glenwood Capital Corporation. ("GCC")
pursuant to which the Company agrees to retain (GCC} and GCC agrees to be
retained by the Company under the terms and conditions set forth below.

1. The Company hereby retains GCC to perform consulting services related to
corporate finance and other financial service matters, and GCC hereby accepts
such retention on a non-exclusive basis. In this regard, subject to the terms
set forth below, GCC shall furnish to the Company advice and recommendations
with respect to such aspects of the business and affairs of the Company as the
Company shall, from time to time, reasonably request upon reasonable notice. The
services, which GCC will perform, shall include, without limitation, assisting
the Company in raising additional capital and in evaluating and negotiating
particular contracts or transactions, if requested to do so by the Company, upon
reasonable notice.

2. As compensation for the services described in paragraph 1 above, the Company
shall deliver to GCC (or its designated affiliates) upon the execution of this
agreement, 1.1 million warrants to purchase shares common stock of Ace . The
terms of the warrants are as follows, exercisable for 5 years at a price of 10
cents per share, non callable and with a cashless exercise feature. In addition
to its compensation hereunder, the Company will reimburse GCC for any and all
reasonable expenses incurred by GCC in the performance of its duties hereunder,
and GCC shall account for such expenses to the Company; provided, however, that
any expense in excess of $1,000 shall require the prior written approval of the
Company, which will not be unreasonably withheld. Such reimbursement shall
accumulate and be paid monthly. Nothing contained herein shall prohibit GCC from
receiving any additional compensation under paragraph 4 herein or otherwise.

3. In addition, GCC shall hold itself ready to assist the Company in evaluating
and negotiating particular contracts or transactions, if requested to do so by
the Company, upon reasonable notice, and will undertake such evaluations and
negotiations upon prior written agreement as to additional compensation to be
paid by the Company to GCC with respect to such evaluations and negotiations.
Nothing herein shall require the Company to utilize GCC services in any
particular transactions nor shall limit the Company's obligations arising under
any other agreement or understanding.

<PAGE>

4. The Company and GCC further acknowledge and agree that GCC may act as a
finder or financial consultant in various business transactions in which the
Company may be involved, such as mergers, acquisitions or joint ventures. The
Company hereby agrees that in the event GCC shall introduce to the Company
another party or entity, and that as a result of such introduction, a
transaction is consummated, the Company shall pay to GCC a fee of one(1%)
percent of the first $5,000,000 and one-half (1/2%) percent of the amount over
$5,000,000 of the consideration paid or received by the Company (or by any
subsidiary or affiliated entity of the Company) in any transaction (including
mergers, acquisitions, joint ventures and other business transactions)
consummated by the Company or any subsidiary or affiliated entity of the
Company, which were introduced to the Company by GCC. GCC will receive such a
fee if the introduction is done on a active basis and that merely sending
information to other party or mentioning either party to the other does not
represent a proper introduction for the purpose of obligating the Company to pay
GCC a fee. Such fee shall be paid in cash at the closing of the transaction to
which it relates, and shall be payable whether or not the transaction involves
stock, or a combination of stock and cash, or is made on the installment sale
basis. In addition, if the Company shall, within 12 months immediately following
the termination of this Agreement, consummate a transaction with any party first
introduced by GCC to the Company prior to such termination, the Company shall
pay to GCC a fee with respect to such transaction calculated in accordance with
this paragraph.

5. All obligations of GCC contained herein shall be subject to GCC reasonable
availability for such performance, in view of the nature of the requested
service and the amount of notice received. GCC shall devote such time and effort
to the performance of its duties hereunder as GCC shall determine is reasonably
necessary for such performance. GCC may look to such others for such factual
information, investment recommendations, economic advice and/or research, upon
which to base its advice to the Company hereunder, as it shall deem appropriate.
The Company shall furnish to GCC all information reasonably relevant to the
performance by GCC of its obligations under this Agreement, or particular
projects as to which GCC is acting as advisor, which will permit GCC to know all
facts material to the advice to be rendered, and all material or information
reasonably requested by GCC. In the event that the Company fails or refuses to
furnish any such material or information reasonably requested by GCC, and thus
prevents or impedes GCC' performance hereunder, any inability of GCC to perform
shall not be a breach of its obligations hereunder.

6. Nothing contained in this Agreement shall limit or restrict the right of GCC
or of any partner, employee, agent or representative of GCC, to be a partner,
director, officer, employee, agent or representative of, or to engage in, any
other business, whether of a similar nature or not, nor to limit or restrict the
right of GCC to render services of any kind to any other corporation, firm,
individual or association.

7. GCC will hold in confidence any confidential information, which the Company
provides to GCC pursuant to this Agreement unless the Company gives GCC
permission in writing to disclose such confidential information to a specific
third party. In addition, all confidential information which the Company
provided to GCC in connection with any prior or ongoing.

<PAGE>

Offering shall be considered confidential information for purposes of this
Agreement. Notwithstanding the foregoing, GCC shall not be required to maintain
confidentiality with respect to information (i) which is or becomes part of the
public domain; (ii) of which it had independent knowledge prior to disclosure;
(iii) which comes into the possession of GCC in the normal and routine course of
its own business from and through independent non-confidential sources; or (iv)
which is required to be disclosed by GCC by governmental requirements. If GCC is
requested or required (by oral questions, interrogatories, requests for
information or document subpoenas, civil investigative demands, or similar
process) to disclose any confidential information supplied to it by the Company,
or the existence of other negotiations in the course of its dealings with the
Company or its representatives, GCC shall, unless prohibited by law, promptly
notify the Company of such request(s) so that the Company may seek an
appropriate protective order.

8. The Company agrees to indemnify and hold harmless GCC, its partners,
employees, agents, representatives and controlling persons (and the officers,
directors, employees, agents, representatives and controlling persons of each of
them) from and against any and all losses, claims, damages, liabilities, costs
and expenses (and all actions, suits, proceedings or claims in respect thereof)
and any legal or other expenses in giving testimony or furnishing documents in
response to a subpoena or otherwise (including, without limitation, the cost of
investigating, preparing or defending any such action, suit, proceeding or
claim, whether or not in connection with any action, suit, proceeding or claim
in which GCC is a party), as and when incurred, directly or indirectly, caused
by, relating to, based upon or arising out of GCC' services pursuant to this
Agreement. The Company further agrees that GCC shall incur no liability to the
Company or any other party on account of this Agreement or any acts or omissions
arising out of or related to the actions of GCC relating to this Agreement or
the performance or failure to perform any services under this Agreement except
for GCC intentional or willful misconduct. This paragraph shall survive the
termination of this Agreement.

9. This Agreement may not be transferred, assigned or delegated by any of the
parties hereto without the prior written consent of the other party hereto.

10. The failure or neglect of the parties hereto to insist, in any one or more
instances, upon the strict performance of any of the terms or conditions of this
Agreement, or their waiver of strict performance of any of the terms or
conditions of this Agreement, shall not be construed as a waiver or
relinquishment in the future of such term or condition, but the same shall
continue in full force and effect.

11. This Agreement is for a term of two (2) years and may be terminated by
either party upon 30 days' notice. Paragraphs 4, 5 and 8 shall survive the
expiration or termination of this Agreement under all circumstances.

12. Any notices hereunder shall be sent to the Company and to GCC at their
respective addresses set forth above. Any notice shall be given by registered or
certified mail, postage prepaid, and shall be deemed to have been given when
deposited in the United States mail. Either party may designate any other
address to which notice shall be given, by giving written notice to the other of
such change of address in the manner herein provided.

13. This Agreement has been made in the State of Florida and shall be construed
and governed in accordance with the laws thereof without giving effect to
principles governing conflicts of law.

14. This Agreement contains the entire agreement between the parties, may not be
altered or modified, except in writing and signed by the party to be charged
thereby, and supersedes any and all previous agreements between the parties
relating to the subject matter hereof.

<PAGE>

15. This Agreement shall be binding upon the parties hereto, the indemnified
parties referred to in Section 7, and their respective heirs, administrators,
successors and permitted assign

If you are in agreement with the foregoing, please execute two copies of this
letter in the space provided below and return them to the undersigned.

Very truly yours,

GLENWOOD CAPITAL CORPORATION

By: /s/ Peter S. Chung
    --------------------------------
    Peter S. Chung

ACCEPTED AND AGREED TO AS OF
THE DATE FIRST ABOVE WRITTEN

ACE MARKETING & PROMOTIONS, INC.

By: /s/ Dean Julia
    --------------------------------
    Name: Dean Julia
    Title: Chief Executive Officer

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