Document:

Exhibit 10.2

COVENANT
NOT TO COMPETE (PRIOR OWNER)

THIS COVENANT NO
TO COMPETE (this “Agreement’) is made and 
effective as of the 17th day of September 2007 (the “Closing
Date”), between Bryan S. Foster, a resident of the State of Texas (“Prior Owner”),
and VCG Holding Company, a Colorado corporation (“Employer”).

W I T N E S S E T
H:

WHEREAS, all of
the membership interests in Golden Productions JGC Fort Worth, LLC d/b/a Jaguar’s
Gold Club Fort Worth (“Fort Worth”) are to be acquired by Employer pursuant to
a certain Stock Purchase Agreement (the “Purchase Agreement”); and

WHEREAS, Fort
Worth thereafter will become wholly owned by Employer and will continue to
conduct its respective business in the same manner as such business has been
conducted by Fort Worth prior to the acquisition; and

WHEREAS, Prior Owner
has been an owner of Fort Worth and has intimate knowledge of its business
practices, which, if exploited by Prior Owner in contravention of this
Agreement, would seriously, adversely and irreparably affect the interests of
Employer and Fort Worth and the ability of Fort Worth to continue the business
previously conducted by it; and

WHEREAS, to induce
Employer to enter into the Purchase Agreement, make such cash payment to Prior Owner
and consummate the other transactions contemplated by the Purchase Agreement,
Prior Owner has agreed to execute and deliver this Agreement.

NOW, THEREFORE, in
consideration of the transactions contemplated by the Purchase Agreement, the
consideration paid and to be paid to Prior Owner under the Purchase Agreement,
the above premises, the mutual promises and covenants of the parties hereto set
forth herein, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, Prior Owner and Employer, intending to be
legally bound, agree as follows:

1.             Definitions.    As used herein, the following terms shall
have the following meanings unless the context otherwise requires:

a.             “Area” shall mean a radius of fifty
(50) miles of Fort Worth, excluding Jaguar’s Gold Club Fort Worth No. 2 and the
club operated in Dallas, Texas by Manana Entertainment, Inc. d/b/a Jaguar’s
Gold Club.

b.              “Business” shall mean the
operations of Fort Worth as conducted as of the Closing Date.

c.             “Competing Business” shall mean any
business organization of whatever form engaged, either Directly or Indirectly,
in any adult entertainment or any business or enterprise which is the same as,
or substantially the same as, Fort Worth.

d.             “Directly or Indirectly” shall mean
(i) acting as an agent, representative, officer, director, or independent
contractor of a Competing Business; (ii) participating in any such Competing
Business as an owner, partner, limited partner, joint venturer, creditor or
shareholder (except as a shareholder holding less than five percent (5%)
interest in a corporation whose shares are actively traded on a regional or
national securities exchange or in the over-the-counter market); and (iii)
communicating to any such Competing Business the names or addresses or any
other information concerning any past, present, or identified prospective
client or customer of Fort Worth or an entity having title to the goodwill of
Fort Worth.

e.             “Restricted Period” shall mean the
period commencing with the Closing Date and ending on the fifth (5th)
anniversary thereof

f.              “Confidential Information” shall
include any and all information related to the purpose and business of Fort
Worth which is proprietary and not general public knowledge, specifically
including (but without limiting the generality of the foregoing) any financial
statements, appraisals, analysis data, cost analyses or strategies, clients,
customer lists, suppliers, the sales price of Fort Worth paid by Employer, or
any other matters regarding Fort Worth. Information that is orally disclosed
will be considered “Confidential Information” if Employer indicates to Prior Owner
at the time of disclosure the confidential or proprietary nature of the
information and provides a written summary of such information to Prior Owner
within ten (10) days after the initial oral disclosure thereof. Any technical
or business information of a third-person furnished or disclosed shall be
deemed “Confidential Information” of Fort Worth unless otherwise specifically
indicated in writing to the contrary.

2.             Agreement Not to Compete.
Unless otherwise consented to in writing by Employer, Prior Owner agrees that
during the Restricted Period, he will not, within the Area, either Directly or
Indirectly, on his own behalf or in the service or on behalf of others, engage
in any Competing Business or provide managerial, supervisory, administrative,
financial or consulting services or assistance to, or own a beneficial interest
(except as a shareholder holding less than five percent (5%) interest in a
corporation whose shares are actively traded on a regional or national
securities exchange or in the over-the-counter market) in any Competing
Business.

3.             Agreement Not to Solicit
Employees. Prior Owner agrees that during the period commencing with the
Closing Date and ending on the fifth (5th) anniversary thereof, he will not,
without the prior written consent of Employer, either directly or Indirectly,
on his own behalf or via sendee or on behalf of others, solicit, divert, or
hire away, or attempt to solicit, divert, or hire away from the employment of
Fort Worth or any of its subsidiaries, any Person employed by Fort Worth or any
of its subsidiaries, whether or not such employee is a full-time employee or
temporary employee, whether or

not such employment is
pursuant to a written agreement, whether or not such employment is for a
determined period or is at will, and whether or not such employee has
voluntarily terminated their employment. Further, Prior Owner agrees that he
will not, without the prior written consent of Employer, either directly or
indirectly, on his own behalf or in the service or on behalf of others, solicit
or attempt to solicit any entertainers who have performed at Fort Worth during
the preceding six (6) months prior to the Closing Date until the end of the
period commencing with the Closing Date and ending on the fifth (5th)
anniversary thereof.

4.             Confidentiality.   Prior Owner agrees to hold all Confidential
Information of Fort Worth in confidence for so long as Fort Worth treats such
information as confidential or proprietary, unless otherwise agreed to in
writing by the Employer. During such period Prior Owner will use such
information solely for the purposes set forth in this Agreement unless
otherwise agreed to in writing by Employer. Prior Owner agrees not to copy such
Confidential Information of Fort Worth unless otherwise agreed to in writing by
the Employer. Prior Owner agrees that he shall not make disclosure of any such
Confidential Information to anyone (including subcontractors) except
accounting, business, financial and legal advisors of the Employer to whom
disclosure is necessary for the purpose set forth above. Prior Owner shall
appropriately notify such advisors that the disclosure is made in confidence
and shall be kept in confidence in accordance with this Agreement. The
obligations set forth in this Agreement shall be satisfied by Prior Owner
through the exercise of the same degree of care used to restrict disclosure and
use of its own Confidential Information.

5.             Remedies.

a.             Prior Owner acknowledges and agrees
that, by virtue of his relationship with Fort Worth, great loss and irreparable
damage would be suffered by Employer, including, without limitation, damage to
the goodwill and proprietary interests of Employer, if Prior Owner should
breach or violate any of the terms or provisions of the covenants and
agreements set forth in Sections 2, 3 and/or 4 hereof Prior Owner further
acknowledges that Prior Owner has examined in detail such restrictive covenants
and agreements and agrees that the restraints imposed thereby on Prior Owner
are reasonable in the sense that they are no greater than are necessary to
protect the goodwill of Fort Worth invested in by Employer pursuant to the
Purchase Agreement and to protect Employer in its legitimate business
interests, and the restrictive covenants and agreements are reasonable in the
sense that they are not unduly harsh or oppressive.

b.             The parties acknowledge and agree
that any breach of Sections 2, 3 and/or 4 of this Agreement by Prior Owner
would result in irreparable injury to Employer, and therefore Prior Owner
agrees and consents that Employer shall be entitled to a temporary restraining
order and a permanent injunction to prevent a breach or contemplated breach of
any of the covenants or agreements of Prior Owner contained herein.

c.             In addition, Employer shall be
entitled, upon any breach of Sections 2,3 and/or 4 of this Agreement by Prior Owner,
to demand an accounting and repayment of all profits and other monetary
compensation realized by Prior Owner, directly or through any Competing
Business controlled by Prior Owner, as a result of any such breach.

d.             The rights of Employer under this
Section 5 shall not be in limitation or in lieu of any and all other remedies
that may be available to Employer under the Purchase Agreement or any other
agreement , document or instrument provided for therein, or other remedies
otherwise available at law or in equity. The existence of any claim, demand,
action or cause of action against Prior Owner whether predicated upon this
Agreement or otherwise, shall not constitute a defense to the enforcement by
Employer of any then valid covenants or agreements herein.

6.             Severability. Prior Owner
agrees that the covenants and agreements contained in Sections 2, 3, 4 and 5 of
this Agreement are of the essence of this Agreement; that each such covenant
was agreed to by Employer and Prior Owner as part of the transaction
contemplated by the Purchase Agreement; that Prior Owner has received good,
adequate and valuable consideration for each of such covenants; that each of
such covenants is reasonable and necessary to protect and preserve the
interests and properties of Employer; that Fort Worth and its subsidiaries are
engaged in the Business through the Area: that irreparable loss and damage will
be suffered by Employer should Prior Owner breach any of such covenants and
agreements; that each of such      covenants
and agreements is separate, distinct and severable not only from the other of
such covenants and agreements but also from other and remaining provisions of
this Agreement; and, that the invalidity or unenforceability of any such
covenant or agreement shall not affect the validity or enforceability of any
other such covenants or agreements or any other provision or provisions of this
Agreement unless expressly stated herein. Further, if any provision of this
Agreement is ruled invalid or unenforceable by a court of competent
jurisdiction because of a conflict between such provision and any applicable
law or public policy, such provision shall be redrawn by such court to the
extent required to make such provision consistent with, and valid and
enforceable under, such law or public policy, and as redrawn may be enforced
against Prior Owner.

7.             Tolling. In the event that
Prior Owner should breach any or all of the covenants set forth in Sections 2,
3 and/or 4 hereof, the running of the period of the restrictions set forth in
such section or sections breached shall be tolled during the continuation(s) of
any breach or breaches by Prior Owner, and the running of the period of such
restrictions shall commence or commence again only upon compliance by Prior Owner
with the terms of the applicable section or sections breached.

8.             Consideration. In
consideration for Prior Owner’s compliance with his obligations under this
Agreement, and as part of the transactions contemplated by the Purchase
Agreement, Prior Owner shall receive from Employer the sum of Five Thousand
($5,000.00) Dollars in cash on the Closing Date, and such other consideration
provided for in the Purchase Agreement.. Further, Prior Owner acknowledges and
agrees 

that the terms of this Agreement contained herein are
reasonable in light of the good, adequate and valuable consideration which
Prior Owner shall receive pursuant to the Purchase Agreement.

9.             Waiver. The waiver by either
party of any breach of this Agreement by the other party shall not be effective
unless in writing, and no such waiver shall operate or be construed as the
waiver of the same or another breach on a subsequent occasion.

10.           Governing Law. This Agreement
and the rights of the parties hereunder shall be governed by, and construed in
accordance with, the laws of the State of Texas, without regard to the
conflicts of laws provisions thereof.

11.           Amendment. No amendment or
modification of this Agreement shall be valid or binding upon Employer or Prior
Owner unless made in writing and signed by the parties hereto.

12.           Captions and Section Headings.
Captions and section headings used  herein
are for convenience only and are not a part of this Agreement and shall not be
used in construing it.

13.           Notices. All notices, requests,
demands and other communications hereunder shall be in writing and shall be
deemed to have duly been given if delivered or if mailed, by United States
certified or registered mail, prepaid to the party to which the same is
directed at the following addresses (or at such other addresses as shall be
given in writing by the parties to one another):

a.             If to Prior Owner:

Bryan S. Foster

2171 Manana Drive

Dallas, TX 75202

b.              If to Employer:

VCG Holding Company

Attn: Troy Lowrie

390 Union Blvd., Suite 540

Lakewood, CO 80228

with a copy to:                                                                                                               Martin
A. Grusin

780 Ridge Lake Boulevard

Suite 202

Memphis, TN 38120

Facsimile: (901) 682-3590

VCG Holding Company

Attn: Mike Ocello

390 Union Blvd., Suite 540

Lakewood, CO 80228

Notices delivered
in person shall be effective on the date of delivery. Notices delivered by mail
as aforesaid shall be effective upon the third calendar day subsequent to the
postmark date thereof.

14.           Counterparts. This Agreement
may be executed in one or more counterparts, each of which will be deemed
original, but all of which together shall constitute one and the same
instrument.

15.            Entire Agreement. This
Agreement constitutes the entire understanding and agreement of the parties
with respect to its subject matter and any and all prior agreements,
understandings or representations with respect to the subject matter hereof are
terminated and canceled in their entirety and are of no further force or
effect, but specifically excluding the Purchase Agreement and the agreements,
documents and instruments provided for therein.

IN WITNESS
WHEREOF, Prior Owner and Employer have each executed and delivered this
Agreement as of the date first written above.

	
  

  	
  /s/ Bryan S. Foster

  
	
   

  	
  Bryan S. Foster, Prior Owner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  VCG HOLDING COMPANY,

  
	
   

  	
  A Colorado corporation

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Micheal L. Ocello

  
	
   

  	
  Title:

  	
  PresidentExhibit
10.3

COVENANT
NOT TO COMPETE

THIS COVENANT NO
TO COMPETE (this “Agreement’) is made and 
effective as of the 17th day of September 2007 (the “Closing Date”),
between Richard Richardson, a resident of the State of Texas (“Prior Employee”),
and VCG Holding Company, a Colorado corporation (“Employer”).

W I T N E S S E T
H:

WHEREAS, all of
the membership interests in Golden Productions JGC Fort Worth, LLC d/b/a Jaguar’s
Gold Club Fort Worth (“Fort Worth”) are to be acquired by Employer pursuant to
a certain Stock Purchase Agreement (the “Purchase Agreement”); and

WHEREAS, Fort
Worth thereafter will become wholly owned by Employer and will continue to
conduct its respective business in the same manner as such business has been
conducted by Fort Worth prior to the acquisition; and

WHEREAS, Prior
Employee has been an employee of Fort Worth and has intimate knowledge of its
business practices, which, if exploited by Prior Employee in contravention of
this Agreement, would seriously, adversely and irreparably affect the interests
of Employer and Fort Worth and the ability of Fort Worth to continue the
business previously conducted by it; and

WHEREAS, to induce
Employer to make such cash payment to Prior Employee, Prior Employee has agreed
to execute and deliver this Agreement.

NOW, THEREFORE, in
consideration of the above premises, the mutual promises and covenants of the
parties hereto set forth herein, Five Thousand ($5,000.00) Dollars, in cash,
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, Prior Employee and Employer, intending to be legally
bound, agree as follows:

1.             Definitions.    As used herein, the following terms shall
have the following meanings unless the context otherwise requires:

a.             “Area” shall mean a
radius of fifty (50) miles of Fort Worth, excluding Jaguar’s Gold Club Fort
Worth No. 2 and the club operated in Dallas, Texas by Manana Entertainment,
Inc. d/b/a Jaguar’s Gold Club.

b.              “Business” shall
mean the operations of Fort Worth as conducted as of the Closing Date.

c.             “Competing Business”
shall mean any business organization of whatever form engaged, either Directly
or Indirectly, in any adult entertainment or any business or enterprise which
is the same as, or substantially the same as, Fort Worth.

d.             “Directly or
Indirectly” shall mean (i) acting as an agent, representative, officer,
director, independent contractor or Prior Employee of a Competing Business;
(ii) participating in any such Competing Business as an owner, partner, limited
partner, joint venturer, creditor or shareholder (except as a shareholder
holding less than five percent (5%) interest in a corporation whose shares are
actively traded on a regional or national securities exchange or in the
over-the-counter market); and (iii) communicating to any such Competing
Business the names or addresses or any other information concerning any past,
present, or identified prospective client or customer of Fort Worth or an
entity having title to the goodwill of Fort Worth.

e.             “Restricted Period”
shall mean the period commencing with the Closing Date and ending on the fifth
(5th) anniversary thereof

f.              “Confidential
Information” shall include any and all information related to the purpose and
business of Dallas which is proprietary and not general public knowledge,
specifically including (but without limiting the generality of the foregoing)
any financial statements, appraisals, analysis data, cost analyses or
strategies, clients, customer lists, suppliers, the sales price of Fort Worth
paid by Employer, or any other matters regarding Fort Worth. Information that
is orally disclosed will be considered “Confidential Information” if Employer
indicates to Prior Employee at the time of disclosure the confidential or
proprietary nature of the information and provides a written summary of such
information to Prior Employee within ten (10) days after the initial oral
disclosure thereof. Any technical or business information of a third-person
furnished or disclosed shall be deemed “Confidential Information” of Fort Worth
unless otherwise specifically indicated in writing to the contrary.

2.             Agreement Not to
Compete. Unless otherwise consented to in writing by Employer, Prior
Employee agrees that during the Restricted Period, he will not, within the
Area, either Directly or Indirectly, on his own behalf or in the service or on
behalf of others, engage in any Competing Business or provide managerial,
supervisory, administrative, financial or consulting services or assistance to,
or own a beneficial interest (except as a shareholder holding less than five
percent (5%) interest in a corporation whose shares are actively traded on a
regional or national securities exchange or in the over-the-counter market) in
any Competing Business.

3.             Agreement Not to
Solicit Employees. Prior Employee agrees that during the period commencing
with the Closing Date and ending on the fifth (5th) anniversary thereof, he
will not, without the prior written consent of Employer, either directly or indirectly,
on his own behalf or via sendee or on behalf of others, solicit, divert, or
hire away, or attempt to solicit, divert, or hire away from the employment of
Fort Worth or any of its subsidiaries, any Person employed by Fort Worth or any
of its subsidiaries, whether or not such employee is a full-time employee or
temporary employee, whether or not such employment is pursuant to a written
agreement, whether or not such employment is for a determined period or is at
will, and whether or not such employee has voluntarily terminated their
employment. Further, Prior Employee agrees that he will not, without the prior
written consent of Employer, either directly or indirectly, on his

own behalf or in the
service or on behalf of others, solicit or attempt to solicit any entertainers
who have performed at Fort Worth during the preceding six (6) months prior to
the Closing Date until the end of the period commencing with the Closing Date
and ending on the fifth (5th) anniversary thereof.

4.             Confidentiality.     Prior Employee agrees to hold
all Confidential Information of Fort Worth in confidence for so long as Fort
Worth treats such information as confidential or proprietary, unless otherwise
agreed to in writing by the Employer. During such period Prior Employee will
use such information solely for the purposes set forth in this Agreement unless
otherwise agreed to in writing by Employer. Prior Employee agrees not to copy
such Confidential Information of Fort Worth unless otherwise agreed to in
writing by the Employer. Prior Employee agrees that he shall not make
disclosure of any such Confidential Information to anyone (including
subcontractors) except accounting, business, financial and legal advisors of
the Employer to whom disclosure is necessary for the purpose set forth above.
Prior Employee shall appropriately notify such advisors that the disclosure is
made in confidence and shall be kept in confidence in accordance with this
Agreement. The obligations set forth in this Agreement shall be satisfied by
Prior Employee through the exercise of the same degree of care used to restrict
disclosure and use of its own Confidential Information.

5.             Remedies.

a.             Prior Employee
acknowledges and agrees that, by virtue of his relationship with Fort Worth,
great loss and irreparable damage would be suffered by Employer, including,
without limitation, damage to the goodwill and proprietary interests of
Employer, if Prior Employee should breach or violate any of the terms or
provisions of the covenants and agreements set forth in Sections 2, 3 and/or 4
hereof Prior Employee further acknowledges that Prior Employee has examined in
detail such restrictive covenants and agreements and agrees that the restraints
imposed thereby on Prior Employee are reasonable in the sense that they are no
greater than are necessary to protect the goodwill of Fort Worth invested in by
Employer pursuant to the Purchase Agreement and to protect Employer in its
legitimate business interests, and the restrictive covenants and agreements are
reasonable in the sense that they are not unduly harsh or oppressive.

b.             The parties
acknowledge and agree that any breach of Sections 2, 3 and/or 4 of this
Agreement by Prior Employee would result in irreparable injury to Employer, and
therefore Prior Employee agrees and consents that Employer shall be entitled to
a temporary restraining order and a permanent injunction to prevent a breach or
contemplated breach of any of the covenants or agreements of Prior Employee contained
herein.

c.             In addition, Employer
shall be entitled, upon any breach of Sections 2,3 andlor4 of this Agreement by
Prior Employee, to demand an accounting and repayment of all profits and other
monetary compensation realized by Prior Employee, 

directly or through any
Competing Business controlled by Prior Employee, as a result of any such
breach.

d.             The rights of Employer
under this Section 5 shall not be in limitation or in lieu of any and all other
remedies that may be available to Employer at law or in equity. The existence
of any claim, demand, action or cause of action against Prior Employee, whether
predicated upon this Agreement or otherwise, shall not constitute a defense to
the enforcement by Employer of any then valid covenants or agreements herein.

6.             Severability.
Prior Employee agrees that the covenants and agreements contained in Sections
2, 3, 4 and 5 of this Agreement are of the essence of this Agreement; that
Prior Employee has received good, adequate and valuable consideration for each
of such covenants; that each of such covenants is reasonable and necessary to
protect and preserve the interests and properties of Employer; that Fort Worth
and its subsidiaries are engaged in the Business through the Area: that
irreparable loss and damage will be suffered by Employer should Prior Employee
breach any of such covenants and agreements; that each of such covenants and
agreements is separate, distinct and severable not only from the other of such
covenants and agreements but also from other and remaining provisions of this
Agreement; and, that the invalidity or unenforceability of any such covenant or
agreement shall not affect the validity or enforceability of any other such
covenants or agreements or any other provision or provisions of this Agreement
unless expressly stated herein. Further, if any provision of this Agreement is
ruled invalid or unenforceable by a court of competent jurisdiction because of
a conflict between such provision and any applicable law or public policy, such
provision shall be redrawn by such court to the extent required to make such
provision consistent with, and valid and enforceable under, such law or public
policy, and as redrawn may be enforced against Prior Employee.

7.             Tolling. In the
event that Prior Employee should breach any or all of the covenants set forth
in Sections 2, 3 and/or 4 hereof, the running of the period of the restrictions
set forth in such section or sections breached shall be tolled during the
continuation(s) of any breach or breaches by Prior Employee, and the running of
the period of such restrictions shall commence or commence again only upon
compliance by Prior Employee with the terms of the applicable section or
sections breached.

8.             Consideration.
In consideration for Prior Employee’s compliance with his obligations under
this Agreement, Prior Employee shall receive from Employer the sum of Five
Thousand ($5,000.00) Dollars in cash on the Closing Date. Further, Prior
Employee acknowledges and agrees that the terms of this Agreement contained
herein are reasonable in light of the good, adequate and valuable consideration
which Prior Employee shall receive.

9.             Waiver. The
waiver by either party of any breach of this Agreement by the other party shall
not be effective unless in writing, and no such waiver shall operate or be
construed as the waiver of the same or another breach on a subsequent occasion.

10.           Governing Law.
This Agreement and the rights of the parties hereunder shall be governed by,
and construed in accordance with, the laws of the State of Texas, without
regard to the conflicts of laws provisions thereof.

11.           Amendment. No
amendment or modification of this Agreement shall be valid or binding upon
Employer or Prior Employee unless made in writing and signed by the parties
hereto.

12.           Captions and Section
Headings. Captions and section headings used herein are for convenience
only and are not a part of this Agreement and shall not be used in construing
it.

13.           Notices. All
notices, requests, demands and other communications hereunder shall be in
writing and shall be deemed to have duly been given if delivered or if mailed,
by United States certified or registered mail, prepaid to the party to which
the same is directed at the following addresses (or at such other addresses as
shall be given in writing by the parties to one another):

	
  a.

  	
  If to Prior Employee:

  
	
   

  	
   

  
	
   

  	
   

  	
  Richard
  Richardson

  
	
   

  	
   

  	
  2171 Manana
  Drive

  
	
   

  	
   

  	
  Dallas, TX 75202

  
	
   

  	
   

  	
   

  
	
  b.

  	
  If to Employer:

  
	
   

  	
   

  
	
   

  	
   

  	
  VCG Holding
  Company

  
	
   

  	
   

  	
  Attn: Troy
  Lowrie

  
	
   

  	
   

  	
  390 Union Blvd.,
  Suite 540

  
	
   

  	
   

  	
  Lakewood, CO
  80228

  
	
   

  	
   

  	
   

  
	
  with a copy to:

  	
  Martin A. Grusin

  
	
   

  	
   

  	
  780 Ridge Lake
  Boulevard

  
	
   

  	
   

  	
  Suite 202

  
	
   

  	
   

  	
  Memphis, TN
  38120

  
	
   

  	
   

  	
  Facsimile: (901)
  682-3590

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  VCG Holding
  Company

  
	
   

  	
   

  	
  Attn: Mike
  Ocello

  
	
   

  	
   

  	
  390 Union Blvd.,
  Suite 540

  
	
   

  	
   

  	
  Lakewood, CO
  80228

  

 

Notices delivered
in person shall be effective on the date of delivery. Notices delivered by mail
as aforesaid shall be effective upon the third calendar day subsequent to the
postmark date thereof.

14.           Counterparts.
This Agreement may be executed in one or more counterparts, each of which will
be deemed original, but all of which together shall constitute one and the same
instrument.

15.            Entire Agreement.
This Agreement constitutes the entire understanding and agreement of the
parties with respect to its subject matter and any and all prior agreements,
understandings or representations with respect to the subject matter hereof are
terminated and canceled in their entirety and are of no further force or
effect, but specifically excluding the Purchase Agreement and the agreements,
documents and instruments provided for therein.

IN WITNESS
WHEREOF, Prior Employee and Employer have each executed and delivered this
Agreement as of the date first written above.

	
  

  	
  /s/ Richard Richardson

  	
   

  
	
   

  	
  Richard Richardson,
  Prior Employee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  VCG HOLDING
  COMPANY,

  
	
   

  	
  A Colorado
  corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Micheal L.
  Ocello

  	
   

  
	
   

  	
  Title:

  	
  President

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