Document:

Exhibit
10.2

 

ASSIGNMENT
AGREEMENT

 

This
Assignment Agreement, (“the Assignment”) dated as of  December 21, 2007, between VVSM, Inc.,
(“Assignor”), and VCG Holding Corporation, Inc., a Colorado Corporation (“Assignee”). Whereas, Assignor has agreed to sell
and/or transfer all of its right, title and interest in the intellectual property listed on Exhibit A
attached hereto, (hereinafter the “IP”) to the Assignee, and whereas, the Assignee has agreed to purchase
and accept the same for the consideration defined below:

 

NOW,
THEREFORE, in consideration of, among other things, payment by Assignee of the purchase price of One Million Five Hundred Thousand Dollars
($1,500,000), the receipt and sufficiency of which are hereby acknowledged,
Assignor and Assignee agree as follows:

 

1.            Assignment of
Intellectual Property.

 

a.                                        Effective as of December 21, 2007, Assignor sells, transfers, conveys,
assigns and delivers to Assignee all right
title and interest of Assignor in and to the IP and the goodwill
associated with it.

 

b.                                       Assignor shall
cause to be delivered or made available to the Assignee such additional documents as the Assignee may reasonably
require to complete the sale and
purchase of the intellectual property and to do such other things reasonably necessary
to give full affect to this agreement.

 

c.                                        Assignee shall cause to be delivered or made available to Assignor such
additional documents as Assignor may reasonable require to
complete the sale and purchase of the
intellectual property and do such other things reasonably necessary to give
full affect to this agreement.

 

d.                                       Assignor warrants that it has the power to assign and transfer to
Assignee the IP which is subject to this agreement and which is being
transferred to Assignee. Assignor further
warrants there are no actions, suits, claims, or proceedings pending, or threatened, which might have a material or adverse effect upon the IP
or the use thereof.

 

e.                                        All of the representations, warranties, covenants and agreements made
in this Agreement or contained in the documents furnished herewith shall
survive the closing date and shall be
applicable and effective notwithstanding the closing.

 

f.                                          This Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns.

 

g.                                     This Agreement constitutes the entire agreement of the parties hereto with respect to the subject
matter hereof.

 

 

 

 

h.                                     This Agreement
shall be governed by and construed in accordance with the laws of the State of
Colorado and any legal action or proceeding arising out of this Agreement or the transactions contemplated hereby
shall be brought only in the District Court for the City and County of
Denver.

 

IN WITNESS WHEREOF, Assignor and Assignee have
caused this assignment to be duly executed as of the date and year
first written above.

 

	
  “Assignor”

  	
   

  	
  “Assignee”

  
	
  By:

  	
  /s/
  Lance Migliaccio

  	
   

  	
  By:

  	
  /s/
  Troy Lowrie

  
	
  Lance C. Migliaccio, President

  	
   

  	
  Troy Lowrie, President

  
					

 

 

 

Exhibit A

 

Intellectual Property

 

	
  1.

  	
   

  	
  The URLs attached hereto.

  
	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
  Promotional materials, pricing
  information, employee handbooks, guidelines and proprietary information developed for the operation of La Boheme
  Gentlemen’s Cabaret.

  
	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  The Assignment does not include any Pay Per View
  events and Brickhouse Mobile content.

  

 

 

 

 

VCGHOLDINGS.COM

LABOHEMEGC.COM

 

BACHELORPARTYCOLORADO.COM

BACHELORPARTYPENVER.COM

BACHELORPARTYDENVERCOLORADO.COM

BOHEMEGENTLEMENSCABARET.COM

BRADSHAWHOTEL.COM

BRADSHAWSTUDIOS.COM

COLORADOBACHELORPARTY.COM

COLORADOGENTLEMENCABARET.COM

COLORADOGENTLEMENSCABARETS.COM

COLORADOSTRIPCLUB.COM

COLORADOTOPLESSCLUB.COM

DENVERCOLORADOBACHELORPARTY.COM

DENVERCOLORADOGENTLEMENSCABARETS.COM

DENVERCOLORADOSTRIPCLUB.COM

DENVERCOLORADOSTRIPCLUBS.COM

DENVERGENTLEMENSCABARET.COM

DENVERGENTLEMENSCABARETS.COM

DENVERTOPLESSCLUB.COM

DENVERTOPLESSCLUBS.COM

DIMONDCABARET.COM

GENTLEMANCABARETDENVER.COM

GENTLEMENCABARETCOLORADO.COM

GENTLEMENCABARETDENVER.COM

GENTLEMENSCABARETDENVERCOLORADO.COM

SHOTGUN-WILIES.COM

SHOTGUNWiLIES.COM

SHOTGUNWiLYS.COM

STRiPCLUBCOLORADO.COM

STRIPCLUBDENVER.COM

STRIPCLUBDENVERCOLORADO.COM

STRIPCLUBSDENVERCOLORADO.COM

STRIPJOINTDENVER.COM

STRIPJOINTSDENVER.COM

THEBRADSHAWSTUDIOS.COM

TOPLESS CLUBCOLORADO.COM

TOPLESSCLUBDENVER.COM

TOPLESSCLUBSCOLORADO.COM

TOPLESSCLUBSDENVER.COM

TOPLESSCLUBSDENVERCOLORADO.COMExhibit
10.3

 

NON-COMPETITION
AGREEMENT

 

FOR AND
IN CONSIDERATION of a certain assignment of assets as more fully described in that certain “Agreement For The Purchase And Sale Of
Assets” by and between 1443 Corp Inc., a Colorado
corporation, d/b/a La Boheme Gentleman’s Cabaret, Seller, and Stout Restaurant
Concepts, Inc., or Assigns, Buyer, signed and dated
by the parties thereto on December 5, 2007, and for other good and
valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the Seller,
and the Officers, Directors, and Shareholders who own 10% or more of the outstanding capital (“Designated Shareholders”) of the Seller, as well
as the Buyer, agree as follows this 21st day of December, 2007.

 

1.                                           Seller, has this date, sold to Buyer all of the assets of 1443 Corp,
Inc, d/b/a La Boheme Gentleman’s Cabaret, as
contemplated by that certain agreement dated December 5,
2007, which is engaged in the tavern and adult cabaret business in the City of Denver, State of Colorado at 1443 - 1447 Stout Street,
Denver, Colorado.

 

2.                     The
purchase price for the assets includes a substantial amount for the goodwill of such business, which goodwill is largely associated with
the Seller, and which could be only preserved
and protected by restricting the ability of Seller, as well as the Officers, Directors, and Designated Shareholders thereof, to
hereafter engage in the adult cabaret business.
This Noncompetition Agreement is specifically an integral
part of the “Agreement For The Purchase And Sale Of Assets” referenced above.

 

3.                     For a
period of three (3) years after the date of this Agreement, the Seller, as well as the Officers, Directors, and Designated Shareholders
thereof, agree not to compete with the Buyer
in any fashion within a fifteen (15) mile radius of the present location of the business. Said competition shall not be direct
or indirect, in a adult cabaret business. For purposes of this
Agreement, direct or indirect competition
shall include, but shall not be limited to, competition as a sole proprietor, partner, corporate officer, director,
shareholder, employee, agent, independent contractor, trustee, manager, or in any other manner in which the
Seller, Officers, Directors, or Designated Shareholders thereof hold any debt
interest, beneficial interest or employment interest in a competitive business,
or shall in any fashion derive any
income from such business or provide any service, including the benefit of
their reputation or know-how to such business.

 

 

1

 

 

4.                     In the
event that any provision of this Agreement is found to be illegal or unenforceable, such provision shall be severed or modified to the extent
necessary to make it enforceable and as so severed or modified the remainder of
this Agreement shall remain in full force
and effect between the parties.

 

5.                     The
parties acknowledge that the provisions of this Agreement are essential for the protection of the Buyer and that the breach or threat
of breach of this Agreement would cause immediate
and irreparable damage to the Buyer, for which monetary
relief would be inadequate, or impossible to ascertain. Accordingly, the parties hereto agree that upon the existence of any breach or threatened
breach hereof, the Buyer may, without limiting any other
remedies whatsoever, obtain a restraining
order, preliminary injunction, or any other form of relief whatsoever required in
order to enforce the provisions hereof.

 

6.             The
undersigned recognize and agree that
this covenant extends in favor of Stout Restaurant Concepts, Inc., its
heirs, successors and assigns, and that this instrument shall continue in full
force and effect after any subsequent assignment by Stout Restaurant Concepts, Inc.,
in accordance with the terms hereof.

 

7.                     Any and
all questions arising hereunder shall be governed by the laws of the State of
Colorado.

 

8.                     Seller
agrees not to disclose to any third party or utilize in anyway adverse to the Buyer any of the proprietary information transferred to
the Seller under the purchase agreement between the parties herein.

 

	
   

  	
  SELLER:

  
	
   

  	
   

  	
   

  
	
   

  	
  1443 CORP.
  INC,

  
	
   

  	
  A
  Colorado Corporation

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Lance Migliaccio

  
	
   

  	
  Name:

  	
  Lance Migliaccio

  
	
   

  	
  Title:

  	
  President

  
	
   

  	
  Date:

  	
  12/21/07

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Lance Migliaccio

  
	
   

  	
  Lance Migliaccio, Individually

  
				

 

 

2

 

 

	
   

  	
  /s/ Gidget Sanders

  
	
   

  	
  Gidget Sanders, Individually

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Ted R Bullard

  
	
   

  	
  Ted “Rusty” Bullard, Individually

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BUYER:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  STOUT RESTAURANT CONCEPTS, INC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Troy Lowrie

  
	
   

  	
  Name: 

  	
  Troy Lowrie

  
	
   

  	
  Title: 

  	
  CEO

  
	
   

  	
  Date:

  	
  12/21/07

  
				

 

 

3

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