Document:

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                                                                    EXHIBIT 10.3

                              SUBLICENSE AGREEMENT

     THIS AGREEMENT, made and entered into this 31st day of March, 2003, by and
between ENTERTAINMENT MANAGEMENT SERVICES, INC., a New York corporation with its
principal office at 533-535 West 27th Street, New York, NY 10001 or designee
("Licensor") and GO WEST ENTERTAINMENT, INC. a New York corporation with its
principal office at 533-535 West 27th Street, New York, NY 10001.

                              W I T N E S S E T H:

     WHEREAS, LICENSOR licenses the SCORES trademarks and related intellectual
property listed on Exhibit A (the "Scores Trademarks") and has the right to
sublicense the same on the terms set forth herein; and

     WHEREAS, Licensee is the owner and operator of an adult-entertainment night
club/restaurant to be located at 533-535 West 27th Street, New York, New York
(the "Location") which will conduct business under the name "Scores" ("Scores
West"); and

     WHEREAS, Licensee will hereby receive the right and license to use the
Scores Trademarks in connection with the operation of Scores West at the
Location, and the sale of certain merchandise, for the Term (as defined below)
(the "Scores West Business");

     NOW, THEREFORE, for and in consideration of the promises, covenants, and
agreements contained herein, and for other good and valuable consideration,
receipt of which is hereby acknowledged by both parties, the parties agree as
follows:

     1. LICENSE GRANT.
        -------------

     (a) Scores West Business. Licensor hereby grants to Licensee and Licensee
     accepts, a non-exclusive license to use the Scores Trademarks during the
     Term in connection with the Scores West Business subject to the terms and
     conditions of this License Agreement.

     (b) Merchandising. Licensor hereby grants to Licensee, on the terms and
     conditions set forth herein, a non-exclusive license during the Term to use
     the Scores Trademarks in connection with the retail sale of commercial
     merchandise, including tee-shirts, sweatshirts, sweat pants, jackets,
     baseball hats, key rings, and other similar merchandise, all to be sold at
     and out of Scores West including the right to sell any merchandise
     utilizing the Scores Trademarks relative to Scores West over the Internet
     on a site maintained by Scores West and by mail order, catalog or at any
     other location or in any other channel maintained by Scores West specific
     to the Scores West Business.

     2. ROYALTIES:
        ---------

     (a) Amount. Licensee agrees to pay Licensor a non-refundable royalty equal
     to four and 99/100 percent (4.99%) of the Gross Revenues of Licensee earned
     in connection with Scores West during the term hereof. Gross Revenues shall
     mean

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     100% of Licensee's receipts received from Scores West's operation, less
     only actual sales tax paid.

     (b) Royalty Reports. Licensee shall furnish Licensor with written reports
     describing in detail all sales relative to Scores West Business. The
     reports shall be prepared and sent to Licensor not later than seven (7)
     days following the end of each month. Reports will be adjusted on a
     quarterly basis (if necessary), not later than ten (10) days after each
     calendar quarter period ending in March, June, September and December of
     each year.

     (c) Payment. Payment of royalties due under this Paragraph shall be made
     within ten (10) days of the issuance of each royalty report set forth
     above.

     3. APPROVAL BY LICENSOR. In order to preserve the value, goodwill and
        --------------------
     reputation of the Scores Trademarks, Licensee and Licensor shall consult
     each other during the Term hereof with regard to any marketing, advertising
     or promotional activities pursuant to the Scores West Business.
     Furthermore, prior to releasing or using any promotional, marketing,
     advertising or other similar materials which have not been approved by
     Licensor in the twenty-four (24) month period preceding the proposed use or
     in the event Licensee intends to utilize any such materials which have been
     used in the past 24 months but intends to do so in a media not used by
     Licensor in the 24-month period preceding the proposed use, Licensee shall
     first obtain the prior written consent of Licensor for such use, which
     shall not be unreasonable withheld. In connection with obtaining such
     consent, Licensee shall send copies of all materials and media for the
     proposed use so that Licensor can thoroughly evaluate the proposed use.

     4. COMPLIANCE WITH APPLICABLE LAWS AND STANDARDS. Licensee is responsible
        ---------------------------------------------
     for the compliance with all applicable laws and safety standards regarding
     the operation of its business, the Location, other licensed locations and
     the use of the Scores Trademarks herein. Licensor's approval of submissions
     pursuant to Paragraph 3 above in no way affects, alters, diminishes or
     waives Licensee's obligations hereunder or under Licensee's obligation to
     indemnify Licensor as set forth herein below.

     5. BOOKS AND RECORDS. Licensee shall, for a minimum of three (3) years from
        -----------------
     their rendition, keep full and accurate books of account, records, data and
     memoranda representing Licensee's sales. Licensee further gives Licensor
     the right, at its own cost and expense, to examine said books and records
     on reasonable notice, such examination to be conducted in such a manner as
     to not unreasonably interfere with the business of Licensee. Licensee shall
     reasonably cooperate with Licensor in the event the owner of the Scores
     Trademarks requests an audit. Licensor or its representatives shall not
     disclose to any other person, firm, or corporation any information acquired
     as a result of any examination, provided, however, that nothing contained
     herein shall be construed to prevent Licensor and/or its duly authorized
     representatives from using or disclosing said information in any court,
     arbitration, or other action instituted to enforce the rights of Licensor
     hereunder.

     6. INTELLECTUAL PROPERTY RIGHTS.
        -----------------------------

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     (a) All copyrights, trademarks and/or patents in the Scores Trademarks and
     related intellectual property belong solely to Licensor and are within the
     scope of the license granted herein. Upon termination of this Agreement all
     intellectual property rights and rights granted herein in the Scores
     Trademarks immediately revert to Licensor or the owner of the Scores
     Trademarks and Licensee agrees to return to Licensor all original artwork,
     models, samples, prototypes, renderings and drawings incorporating the
     Scores Trademarks. All use by Licensee of the intellectual property rights
     of the Scores Trademarks shall inure to the sole benefit of Licensor and
     the owner of the Scores Trademarks. Licensee shall execute any and all
     documents necessary to confirm said reversions of rights and hereby
     appoints Licensor its attorney-in-fact to execute any such documents in the
     event Licensee is unwilling or unable to do so. Licensee acknowledges the
     exclusive ownership of all intellectual property rights in and to the
     Scores Trademarks by the owner of the Scores Trademarks and will not take
     any action to interfere with or challenge said ownership, including but not
     limited to registering or attempting to register the same or similar marks
     or properties anywhere in the World, nor commence or participate in
     cancellation or opposition proceedings.

     7. WARRANTY.
        --------

     (a) Licensor hereby warrants that, to the best of its knowledge, the
     granting of the license hereunder or the subsequent commercial exploitation
     of the license does not violate the intellectual property or contract
     rights of any third party. Licensor further warrants that it has not
     intentionally violated the rights of any third party in granting Licensee
     this license.

     (b) Licensee hereby warrants that any goods sold by it bearing the Scores
     Trademarks and each component thereof shall be of good quality and free of
     defects in design, materials, workmanship and shall comply with all
     applicable laws and safety standards.

     8. OFFENSIVE LITIGATION. Licensee agrees to give Licensor prompt
        --------------------
     notification of any third party's actions which would constitute an
     infringement of the rights granted to it by this Agreement. Licensor shall
     prosecute, at its own discretion, infringement actions against any third
     party infringers and any recoveries obtained therein shall belong
     exclusively to Licensor. Licensee shall, at Licensor's expense, cooperate
     in all respects with Licensor's prosecution of said suits, including but
     not limited to being named as a party in any such suit, producing
     documents, appearing as witnesses, etc.

     9. INDEMNIFICATION.
        ----------------

     (a) Licensor agrees to indemnify and hold harmless Licensee from and
     against any and all damage, loss, and expense incurred as a result of the
     breach of any of Licensor's warranties herein. This indemnification shall
     become operative only after a final judgment, order or decree is issued
                           -----
     which contains a finding that Licensor intentionally infringed upon the
     rights of a third party. Any claims made against Licensee which would
     result in Licensor becoming obligated to indemnify Licensee hereunder shall
     not permit Licensee to withhold any amounts due Licensor hereunder.
     ---

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     (b) Licensee agrees to indemnify, defend, and hold harmless Licensor, its
     agents and employees from and against any and all loss and expense arising
     out of any claims of personal injury, product liability, wrongful death,
     negligence, strict liability or other similar action, in addition to the
     breach of any of its warranties hereunder or the violation of any
     applicable law or safety standard based on the use of the Scores Trademarks
     by or on behalf of Licensee and/or its subsidiary, affiliated, controlled
     company. Licensee shall maintain, at its sole cost and expense, premises
     liability, liquor liability, workman's compensation (in the amount required
     by New York State Law), plate glass insurance (as per Licensee's lease),
     commercial liability coverage and other customary insurance. The premises,
     commercial, and liquor policies must provide coverage of at least
     $3,000,000/$3,000,000, naming Licensor as an additional insured, and
     providing that such policy cannot be canceled without thirty (30) days
     prior written notice to Licensor. In the event any claim is made against
     Licensor in excess of the limits of Licensee's insurance set forth above,
     Licensor may, at Licensee's expense, retain counsel of its own choosing to
     defend said claims. All insurance shall be primary and not contributory.
     Licensee agrees to provide Licensor with a copy of the insurance
     declarations and/or certificates within 20 days following the date of this
     Agreement.

     9. TERMINATION.
        ------------

     (a) In case either party fails to perform under or commits or allows to be
     committed a breach of any of the several covenants and conditions herein
     contained, the other party shall notify such party in writing of such
     failure or default and such party shall then have the right to remedy such
     failure or default within thirty (30) days. If the default has not been
     cured within said thirty (30) days of notice to the defaulting party, then
     the aggrieved party may terminate this Agreement immediately by a further
     notice in writing. If Licensor shall send notice of default to Licensee
     based on a failure to pay royalties, then Licensee shall cure such default
     within ten (10) days of notice.

     (b) Any termination under this paragraph will be without prejudice to the
     rights and remedies of either party with respect to any provisions or
     covenants arising out of breaches committed prior to such termination.

     (c) If a petition in bankruptcy is filed by or against Licensee, or
     Licensee becomes insolvent, or makes an assignment for the benefit of
     creditors, or any other arrangement pursuant to any bankruptcy law, or if
     Licensee discontinues its business or if a receiver is appointed for it or
     its business, to the fullest extent permitted by law at the time of the
     occurrence, the license hereby granted shall automatically terminate
     without any notice whatsoever being necessary. In the event this License is
     so terminated, Licensee, its receivers, representatives, trustees, agents,
     administrators, successors, and/or assigns shall have no right to sell,
     use, exploit or in any way deal with or in the Scores Trademarks or
     anything relating to it whatsoever except with and under the special
     consent and instructions of Licensor in writing, which they shall be
     obliged to follow.

     11. TERM. Subject to Paragraph 10, the Term of this Agreement shall
         ----
     commence on the date first written above and continue as long as Scores
     West continues in operation. Upon cessation of operation by Scores West for
     a period of greater than

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     one hundred eighty (180) days for any reason other than Force Majeure, this
     Agreement shall automatically terminate.

     12. REPRESENTATION. It is expressly agreed and understood that neither
         --------------
     party hereto is the agent or legal representative of the other and neither
     party has the authority, express or implied to bind the other or pledge its
     credit. This Agreement does not create a partnership or joint venture
     between the two parties.

     13. FORCE MAJEURE. It is understood and agreed that in the event of an act
         -------------
     of the government, war, fire, flood or other natural disaster, or labor or
     manufacturing strikes which prevent the performance of this Agreement, such
     nonperformance will not be considered a breach of this Agreement, and such
     nonperformance shall be excused while, but not longer than, the conditions
     described herein prevail. The period of Force Majeure shall not exceed
     twelve (12) months.

     14. NOTICES. All notices, whenever required in this Agreement, will be in
         -------
     writing and sent by certified mail, return receipt requested to the
     addresses set forth above. Notices will be deemed to have been given two
     business days following mailing. A copy of all notices to Licensor shall be
     sent via regular mail to:

     15. CONTROLLING LAW. This Agreement shall be construed in accordance with
         ---------------
     the laws of the State of New York, United States of America and
     jurisdiction over the parties and subject matter over any controversy
     arising hereunder shall be in the Courts of the State of New York, County
     of York or the Federal courts therein. Both parties hereby irrevocably
     consent to said jurisdiction and venue.

     16. ASSIGNMENT. This Agreement shall be binding upon and inure to the
         ----------
     benefit of the parties hereto and their respective successors and permitted
     assigns, but neither this Agreement, nor any of the rights, interests or
     obligations hereunder shall be assigned by Licensee without the prior
     written consent of Licensor, and any attempts to do so without the consent
     of Licensor shall be void and of no effect. As an express exception to the
     preceding sentence, Licensee shall have the right to assign this License to
     any parent, subsidiary or affiliated company on written notice to Licensor.

     17. ENTIRE AGREEMENT. This writing constitutes the entire agreement and
         ----------------
     understanding between the parties. No other oral or written agreements or
     representations exist or are being relied upon by either party, all being
     merged herein. Any modifications or additions hereto must be made in
     writing and signed by both parties.

     18. MISCELLANEOUS.
         -------------

     (a) The paragraph headings used herein are for reference purposes only and
     do not effect the meaning or interpretation of this Agreement. If any
     provisions of this Agreement are for any reason declared to be invalid or
     illegal, the remaining provisions shall not be affected thereby.

     (b) The failure of either party to enforce any or all of its rights
     hereunder as they accrue shall not be deemed a waiver of those rights, all
     of which are expressly reserved.

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     (c) This Agreement may be executed in more than one counterpart, all of
     which shall be deemed to be originals.

     19. SECURITY INTEREST.
         ------------------

     (a) In order to induce Licensor to enter into this Agreement and to secure
     the complete and timely performance of Licensee's obligations hereunder,
     Licensee hereby grants to Licensor a security interest in the license
     granted under this Agreement as well as Licensee's receivables in
     connection therewith. In the event Licensee defaults under this license and
     Agreement, Licensor may enforce against Licensee all the rights and
     remedies of a secured creditor upon default under all applicable laws. In
     the event Licensee files for bankruptcy under the U.S. Bankruptcy laws,
     Licensor may enforce all rights and remedies of a secured creditor under
     the U.S. Bankruptcy Code.

     (b) Licensee agrees to execute any and all documents necessary to perfect
     Licensor's security interest in this license including, but not limited to,
     Financing Statement Form UCC-1 and any other security agreements and
     financing statements evidencing said security interests in such form as may
     be recorded and perfected according to the laws of the State of New York
     and the U.S. Patent and Trademark Office.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement of Seven (7)
pages as of the date first written above.

ENTERTAINMENT MANAGEMENT                             GO WEST ENTERTAINMENT, INC.
SYSTEMS , INC.

By:_____________________                             By:________________________

Title:__________________                             Title:_____________________

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                                  SCHEDULE A

1.   U.S. Trademark Registration No. 1855829 for SCORES SHOWROOM with design
     (INT 25, 41, 42);

2.   U.S. Trademark Registration No. 1830405 for SCORES NEW YORK with design
     (INT 25, 41, 42);

3.   U.S. Trademark Registration No. 1830135 for SCORES (INT. 6, 41, 42)

[ADD ADDITIONAL TRADEMARKS WITH RESPECT TO DIAMOND DOLLARS]

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                                                                    EXHIBIT 10.4

                              EMPLOYMENT AGREEMENT

     AGREEMENT dated as of the 31st day of March 2003, between Scores Holding
Company, Inc., a Utah corporation with its principal place of business at
533-535 West 27th Street, New York, NY 10001 ("SCOH") and Richard Goldring an
individual whose address is 5 Fox Chase Drive, Watchung, NJ 07067 (the
"Employee").

                                   WITNESSETH

     WHEREAS, SCOH intends to engage in the business of owning and operating
adult entertainment nightclubs; and

     WHEREAS, SCOH intends to engage in the business of managing adult
entertainment nightclubs owned by third parties and/or licensing the right to
use the Scores name or other intellectual property owned by SCOH to adult
entertainment nightclubs owned by third parties; and

     WHEREAS, Employee presently serves as President, Chairman and Chief
Executive Officer, for SCOH and SCOH seeks to further engage Employee on the
terms and conditions set forth below; and

     NOW, THEREFORE, in consideration of the mutual covenants and promises
herein contained, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

     1. EMPLOYMENT. SCOH hereby employs Employee and Employee accepts employment
        ----------
upon the terms and conditions of this Agreement. In addition to his other
duties, Employee shall be primarily responsible for SCOH's licensing program.
Employee shall not be precluded hereunder from continuing his employment as
Operations Manager for Scores Showroom, an adult entertainment nightclub located
at 333-E.60th Street, New York, New York so long as such employment shall not
interfere with Employee's ability to properly perform the duties assumed
pursuant to this Agreement.

     2. TERM. SCOH hereby employs Employee and Employee hereby accepts
        ----
employment for a term commencing on the date hereof (the "Commencement Date"),
and expiring on the tenth (10) anniversary of this Agreement, unless sooner
terminated as hereinafter provided (the "Employment Period"). Except as
otherwise provided herein, Employee may unilaterally terminate this Agreement at
any time, upon providing SCOH with sixty (60) days prior written notice.

     3. EMPLOYMENT AND DUTIES.
        ----------------------

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          3.1 Title. Employee is employed in the capacity of President and Chief
              -----
Executive Officer for SCOH.

          3.2 Duties and Responsibilities. The services to be rendered by
              ---------------------------
Employee pursuant to this Agreement shall consist of such services as defined
and directed by SCOH's board of directors. Employee agrees to perform such
services with great diligence and care.

          3.3 Observance of Rules and Regulations. Employee agrees to observe
              -----------------------------------
and comply with the rules and regulations of SCOH with respect to the
performance of his duties.

     4. COMPENSATION; BENEFITS AND EXPENSES.
        -----------------------------------

          4.1 Base Salary. As compensation for the services to be rendered
              -----------
hereunder, SCOH shall pay to Employee a base annual salary (the "Base Salary")
of $104,000 payable in equal bi-weekly installments.

          4.2 Other Benefits. Employee shall also be eligible to participate in
              --------------
any benefit programs of SCOH, including but not limited to pension, insurance or
other supplemental or special compensation plans or arrangements. Employee shall
also be eligible to receive performance based bonuses as approved and authorized
by SCOH's board of directors.

          4.3 Travel, Automobile and Living Allowances. During the term of this
              ----------------------------------------
Agreement, Employee shall be entitled to annual travel, automobile and living
allowances. In connection herewith, SCOH agrees to advance and/or reimburse
Employee for all reasonable travel, automobile, living and other expenses
incurred by Employee in rendering the services hereunder on behalf of SCOH
provided Employee has all expenses in excess of $5,000 pre-approved by SCOH.
Employee will be reimbursed upon presentation of vouchers or other documents
reasonably necessary to verify the expenditures and sufficient, in form and
substance, to satisfy Internal Revenue Service requirements for such expenses.
The maximum amount of Employee's annual automobile and living allowances under
this Agreement shall be determined by SCOH's board of directors.

     5. DISABILITY OR DEATH OF EMPLOYEE.
        -------------------------------

          5.1 SCOH shall obtain death and disability insurance on Employee
listing SCOH as the beneficiary in the minimum amount of $5,000,000. In the
event Employee dies or becomes disabled during the Employment Period, entitling
SCOH to receive payment under the insurance policy, SCOH's obligation to pay
Employee further Base Salary and benefits shall cease. Notwithstanding the
forgoing, Employee or his estate shall be entitled to all accrued but unpaid
Base Salary and other benefits due to Employee through the date of death or
disability.

          5.2  (i) SCOH shall apply the insurance proceeds to the purchase of
Employee's stock in SCOH which will be valued and purchased by SCOH at a 20%

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discount from the market price of the stock as at the date of death or
disability.

               (ii) Except as otherwise provided in Section 5.2(iv) below, in
the event Employee owns SCOH stock with a value of less than $5,000,000 as at
the date of death or disability, SCOH shall be entitled to retain the balance of
insurance proceedings remaining after the purchase of Employee's SCOH stock.

               (iii) In the event Employee owns stock with a value of more than
$5,000,000 as at the date of death or disability, SCOH shall have the right, but
not the obligation, to purchase more than $5,000,000 of such stock at the
discounted price. In connection therewith, SCOH shall give notice to Employee or
his estate, as the case may be, not more than 15 days after the date of death or
disability to advise of its intention as to Employee's additional SCOH shares.
Such notice will include the number of additional SCOH shares which are being
purchased.

               (iv) Notwithstanding Section 5.2(ii) above, in the event Employee
owns no SCOH stock or owns SCOH stock with a discounted value of less than
$1,000,000 as at the date of death or disability , Employee or his estate, as
the case may be, shall be entitled to retain all of their SCOH shares and
receive $1,000,000 of the insurance proceeds.

     4. TERMINATION.
        -----------

          6.1 Termination By SCOH For Cause. Notwithstanding anything to the
              -----------------------------
contrary in this Agreement, SCOH shall have the right, subject to this Section
6, to terminate this Agreement "for cause", by giving Employee 7 days prior
written notice to that effect, and Employee's right to further compensation and
benefits hereunder, shall then immediately cease. Any termination SCOH under
this paragraph "for cause" shall be without prejudice to Employee's right to
receive all compensation and benefits owed to him through the effective date of
termination. As used herein and throughout this Agreement, the term "for cause"
shall mean (i) commission of a willful act of dishonesty in the course of
Employee's duties hereunder, (ii) a material breach of this Agreement that is
not cured within 30 days of receipt of notice thereof, or (iii) Employee's
conviction of a criminal offense or crime constituting a felony or conviction in
respect to any act involving fraud, dishonesty or moral turpitude resulting in
detriment to SCOH or reflecting upon SCOH's integrity (other than traffic
infractions or similar minor offenses).

          6.2 Termination By Employee Other Than For Good Reason. In the event
              --------------------------------------------------
Employee terminates this Agreement without Good Reason (as defined in Section
6.3 hereof), Employee's rights to further compensation and benefits, hereunder
shall then immediately cease. Employee must give SCOH a minimum of 60 days prior
written notice to effect such a termination. Notwithstanding the foregoing, in
the event Employee terminates this Agreement without Good Reason more than three
years and less than seven years after the Commencement Date, SCOH shall pay
Employee a $1,000,000 termination fee.

          6.3 Termination By Employee For Good Reason or Termination BY SCOH
              --------------------------------------------------------------
Without Cause. (i) In the event Employee terminates this Agreement for "Good
-------------

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Reason" or SCOH terminates this Agreement without cause, Employee shall be
entitled to receive all of the remaining Base Salary then due Employee under
this Agreement plus any previously unreimbursed travel, living or car expenses.

               (ii) Employee shall have the right to terminate this Agreement
and his employment hereunder for "Good Reason" if (A) Employee shall have given
SCOH prior written notice of the reason therefore, (B) such notice shall have
been given to SCOH within fifteen (15) days after Employee is notified or
otherwise first learns of the event constituting "Good Reason," and (C) a period
of fifteen (15) days following receipt by SCOH of such notice shall have lapsed
and the matters which constitute or give rise to such "Good Reason" shall not
have been cured or eliminated within such fifteen (15) day period, such period
shall be extended up to forty-five (45) days, provided that SCOH shall take and
diligently pursue during such period such action necessary to cure or eliminate
such matters. In the event SCOH shall not take such action within such period,
Employee may send another notice to SCOH electing to terminate his employment
hereunder and, in such event, Employee's employment hereunder shall terminate
and the effective date of such termination shall be the 30 days after SCOH shall
have received such notice.

               (iii) For the purpose of this Agreement, "Good Reason" shall mean
the occurrence of any of the following without Employee's prior written consent:

                    (1) Requiring Employee to engage in an illegal act, or an
     act which is inconsistent with prior practices of SCOH and which could
     reasonably be deemed to be materially damaging or detrimental to Employee;

                    (2) A default by SCOH in the payment of any material sum or
     the provision of any material benefit due to Employee pursuant to this
     Agreement;

                    (3) The failure of SCOH to obtain the assumption of this
     Agreement by any successor to substantially all of the assets or business
     of SCOH; or

                    (4) Any material breach by SCOH of any provision of this
     Agreement which is not corrected by SCOH or, if the breach cannot be
     corrected, as to which SCOT fails to pay to Employee reasonable
     compensation for such breach, within 60 days following receipt by SCOH of
     written notice from Employee specifying the nature of such breach.

     5. CONFIDENTIALITY. Employee agrees that all confidential and proprietary
        ---------------
information relating to the business of SCOH shall be kept and treated as
confidential both during and after the term of this Agreement, except as may be
permitted in writing by SCOH's Board of Directors or as such information is
within the public domain or comes within the public domain without any breach of
this Agreement.

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     6. ASSUMPTION OF INSURANCE POLICY. In the event this Agreement is
        ------------------------------
terminated by SCOH without cause or by Employee for Good Reason, Employee shall
have the right, if exercised by Employee in writing within 15 days of such
termination, to assume the death and disability insurance policy, and to make
Employee the beneficiary thereof.

     7. INDEMNIFICATION. SCOH and Employee shall indemnify the other party for
        ---------------
any losses, damages, liabilities, judgments, claims, costs, penalties and
expenses incurred by such other party (including without limitation costs and
reasonable attorneys' fees and costs), resulting from the indemnifying party's
failure to perform any of their obligations contained in this Agreement. SCOH
shall indemnify Employee against any liabilities incurred by him in connection
with any proceeding to which he is made a party as the result of his performing
his duties hereunder, unless such liability results from Employee's gross
negligence or misconduct in the performance of such duties.

     8. VACATION. Employee shall be entitled to eight (8) weeks of paid vacation
        --------
time per contract year.

     9. GOVERNING LAW. This Agreement shall be governed by the internal laws of
        -------------
the State of New York. Any action to enforce any term hereof shall be brought
exclusively within the state or federal courts of New York, New York to which
jurisdiction and venue all parties hereby submit themselves.

     10. BINDING EFFECT. Except as otherwise herein expressly provided, this
         --------------
Agreement shall be binding upon, and shall inure to the benefit of the parties
hereto, their respective heirs, legal representatives, successors and assigns.

     11. NOTICES. All notices, designations, consents, offers, acceptances,
         -------
waivers or any other communication provided for herein, or required hereunder
shall be in writing and shall be mailed by certified mail, return receipt
requested, overnight courier, or delivered by hand.

The notices shall be addressed as follows:

          If to Employee: to the address set forth above

          If to SCOH: to the address set forth above

or to such other address as a party hereto may notify the other pursuant to this
Section.

     12. ADDITIONAL DOCUMENTS. Each of the parties hereto agrees to execute and
         --------------------
deliver, without cost or expense to any other party, any and all such further
instruments or documents and to take any and all such further action reasonably

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requested by such other of the parties hereto as may be necessary or convenient
in order to effectuate this Agreement and the intents and purposes thereof.

     13. COUNTERPARTS. This Agreement and any amendments hereto may be executed
         ------------
in two (2) or more counterparts, each of which shall be deemed an original and
all of which shall constitute one and the same instrument, binding on the
parties and the signature of any party to any counterpart shall be deemed a
signature to, and may be appended to, any other counterpart.

     14. ENTIRE AGREEMENT. This Agreement contains the sole and entire agreement
         ----------------
and understanding of the parties and supersedes any and all prior agreements,
discussions, negotiations, commitments and understandings among the parties
hereto with respect to the subject matter hereof. There are no representations,
agreements, arrangements or understandings, oral or written, between or among
the parties concerning the subject matter hereto, which are not fully expressed
herein or in any supplemental written agreements of even or subsequent date
hereof.

     15. SEVERABILITY. If any provision of this Agreement, or the application
         ------------
thereof to any person or circumstances, shall, for any reason and to any extent,
be invalid or unenforceable, the remainder of this Agreement and the application
of such provision to other persons or circumstances shall not be affected
thereby, but rather shall be enforced to the greatest extent permitted by law.

     16. MODIFICATION. This Agreement cannot be changed, modified or discharged
         ------------
orally, but only if consented to in writing by both parties.

     17. CONTRACT HEADINGS. All headings of the Sections of this Agreement have
         -----------------
been inserted for convenience of reference only, are not to be considered a part
of this Agreement, and shall in no way affect the interpretation of any of the
provisions of this Agreement.

     18. WAIVER. Failure to insist upon strict compliance with any of the terms,
         ------
covenants, or conditions hereof shall not be deemed a waiver of such term,
covenant, or condition, nor shall any waiver or relinquishment of any right or
power hereunder at any one time or more times be deemed a waiver or
relinquishment of such right or power at any other time or times.

     19. REPRESENTATION OF EMPLOYEE. Employee, with the full knowledge that SCOH
         --------------------------
is relying thereon, represents and warrants that he has not made any commitment
inconsistent with the provisions hereof and that he is not under any disability
which would prevent him from entering into this Agreement and performing all of
his obligations hereunder.

                                       45
<PAGE>

     IN WITNESS WHEREOF the parties hereto have executed this Agreement as of
the day and year first above written.

                                                    SCORES HOLDING COMPANY, INC.

                                                    By: ________________________

                                                    Name:  _____________________

                                                    Title:  ____________________

                                                     ___________________________
                                                           Richard Goldring

                                       46
<PAGE>

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