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		EXHIBIT 4.1 – SPECIMEN SHARE CERTIFICATE
		

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}{                                                                   }{
}{                        Gryphon Resources, Inc.                     }{
}{                                                                   }{
}{            INCORPORATED UNDER THE LAWS OF THE STATE OF NEVADA     }{
}{      100,000,000 SHARES COMMON STOCK AUTHORIZED, $0.001 PAR VALUE }{
}{                                                                   }{
}{               NUMBER                                     SHARES   }{
}{  This         ------                                     ------   }{
}{  certifies                                                        }{
}{  that                                                             }{
}{                                                                   }{
}{                                                                   }{
}{  is the owner of                                                  }{
}{                                                                   }{
}{                                                                   }{
}{                                                                   }{
}{                                                                   }{
}{                                                                   }{
}{        FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK OF    }{
}{                                                                   }{
}{                        Gryphon Resources, Inc.                     }{
}{                                                                   }{
}{ transferable  on  the  books  of  the  corporation  in  person or }{
}{ by  duly authorized  attorney upon surrender of this certificate  }{
}{ properly endorsed. This certificate and the shares  represented   }{
}{ hereby are subject to the laws of the State of Nevada, and to the }{
}{ Certificate of Incorporation and Bylaws of the Corporation as now }{
}{ or hereafter  amended.  This certificate is not valid unless      }{
}{ countersigned  by the Transfer  Agent.                            }{
}{                                                                   }{
}{ WITNESS the facsimile seal of the Corporation and the signature   }{
}{ of its duly authorized officers                                   }{
}{                                                                   }{
}{ DATED                                                             }{
}{                                                                   }{
}{       The shares of stock represented by this certificate have not}{
}{       been registered under the Securities Act of 1933, as amended}{
}{       and  may  not  be  sold  or  otherwise   transferred        }{
}{       unless compliance with the registration  provisions of such }{
}{       Act has been made or unless  availability  of an exemption  }{
}{       from such registration provisions has been established, or  }{
}{       unless sold pursuant to rule 144 under the Securities Act of}{
}{       1933.                                                       }{
}{                                                                   }{
}{                                                                   }{
}{        /s/ Louie Jurinak                                          }{
}{             PRESIDENT/        (SEAL)                              }{
}{             SECRETARY                                             }{
}{                                                                   }{
{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{{
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    Exhibit
      10.1

     

    STOCK
      PURCHASE AGREEMENT

    

    By
      and Among

    

    W.K.C.,
      Inc., a Texas corporation, BLP Holdings, LLC, a Texas limited liability
      company,

    Brian
      Paul and Rick’s Cabaret International, Inc., a Texas
      corporation

    

    

    Purchase
      and Sale of 251,000 shares

    of
      the Outstanding Common Stock of W.K.C., Inc., a Texas
      corporation

     

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    LIST
      OF
      EXHIBITS AND SCHEDULES

     

    EXHIBIT
      "A" – Real Estate Sales Contract

    

    Schedule
      1.2 –2007 Ad Valorem
      Tax Proration

    Schedule
      3.6
–Consents

    Schedule
      3.8 – Taxes

    Schedule
      3.9 – Financial Statements

    Schedule
      3.10 – List of Permits

    

    Schedule
      3.13 – Leases and Service Contracts

    Schedule
      3.19 –Employee Benefit
      Plans

    Schedule
      3.23 –Proceedings Related to
      Premises

     

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    STOCK
      PURCHASE AGREEMENT

    

    

    This
      Stock Purchase Agreement (the “Agreement”) is made and entered into this 23rd
      day of April, 2007, by and among WKC, Inc., a Texas corporation (the “Company”),
      BLP Holdings, LLC, a Texas limited liability company (“Seller”), Brian Paul
      (“Paul”) and Rick’s Cabaret International, Inc., a Texas corporation
      (“Purchaser” or “Rick’s”).

    

    WHEREAS,
      Seller owns 251,000 shares of common stock, no par value, of the Company, which
      shares represents 100% of all of the shares of capital stock of the Company
      presently issued and outstanding (the “Shares”); and

    

    WHEREAS,
      Paul is the President of the Company and is the sole manager and member of
      the
      Seller; and

    

    WHEREAS,
      the Company owns and operates an adult entertainment cabaret known as New
      Orleans Nights (“New Orleans Nights”) located at 7101 Calmont, Fort Worth,
      Texas  76116 (the “Premises”); and

    

    WHEREAS,
      the Seller desires to sell the Shares of the Company to Rick’s on the terms and
      conditions set forth herein; and

    

    WHEREAS,
      Rick’s desires to purchase the Shares of the Company from Seller on the terms
      and conditions set forth herein.

    

    NOW,
      THEREFORE, in consideration of the premises, the mutual covenants and
      agreements and the respective representations and warranties herein contained,
      and on the terms and subject to the conditions herein set forth, the parties
      hereto, intending to be legally bound, hereby agree as follows:

    

    ARTICLE
      I

    PURCHASE
      AND SALE OF THE SHARES

    

    Section
      1.1    Sale of the
      Shares.  Subject to the terms and conditions set forth in this
      Agreement, at the Closing (as hereinafter defined) the Seller hereby agrees
      to
      sell, transfer, convey and deliver to Rick’s all of the Shares of common stock
      of the Company, free and clear of all encumbrances, which represents all of
      the
      outstanding capital stock of the Company, and shall deliver to Rick’s stock
      certificates representing the Shares, duly endorsed to Rick’s or accompanied by
      duly executed stock powers in form and substance satisfactory to
      Rick’s.

    

    Section
      1.2    Purchase
      Price.  As consideration for the purchase of the Shares, Rick’s
      shall pay to Seller a total consideration of $4,900,000 (the “Purchase Price”)
      payable by cashier’s check, certified funds or wire transfer at the Closing of
      the transaction, of which $______ shall be deposited into an Escrow Account
      as
      provided for in Article VII.  The Purchase Price shall be subject to
      adjustment for the pro rata payment of ad valorem taxes on the Premises,
      calculated through the date of Closing based on the 2006 assessed values as
      set
      forth on Schedule 1.2 attached hereto.

    

    
      
        
          
          

        

        
          Stock
            Purchase Agreement - Page 3

          
            

          

        

        
          
          

        

      

    

     

    ARTICLE
      II

    CLOSING

    

    Section
      2.1    The
      Closing.  The closing of the transactions contemplated by this
      Agreement shall take place at the offices of Murphy Mahon Keffler & Farrier,
      L.L.P., 500 Main Street, Suite 1200, Fort Worth, Texas 76102, or at such other
      time and place as agreed upon among the parties hereto (the
“Closing”).

    

    Section
      2.2    Delivery and
      Execution.  At the Closing: (a) the Seller shall deliver to Rick’s
      certificates evidencing the Shares of the Company, free and clear of any liens,
      claims, equities, charges, options, rights of first refusal or encumbrances,
      duly endorsed to Rick’s or accompanied by duly executed stock powers in form and
      substance satisfactory to Rick’s against delivery by Rick’s to the Seller of
      payment in an amount equal to the Purchase Price of the Shares being purchased
      by Rick’s in the manner set forth herein; and (b) the Related Transactions (as
      defined below) shall be consummated prior to or concurrently with the
      Closing.

    

    Section
      2.3    Related
      Transactions.  In addition to the purchase and sale of the Shares,
      the following actions shall take place contemporaneously at the Closing
      (collectively, the "Related Transactions"):

    

    
      	
               

            	
              (i)

            	
              The
                Seller and Paul will enter into a five (5) year covenant not to compete
                with Rick’s pursuant to the terms of which the Seller and Paul will agree
                not to compete, either directly of indirectly, with the Company,
                New
                Orleans Nights or Rick’s by operating an establishment featuring live
                female nude or semi-nude entertainment within a twenty (20) mile
                radius of
                the Premises;

            

    

    

    
      	
               

            	
              (ii)

            	
              The
                Company shall assign to RCI Holdings, Inc. the Company’s rights under that
                certain Real Estate Sales Contract (herein so called) between the
                Company
                and the owners of the Premises dated April 4, 2007, attached hereto
                as
                Exhibit”A”, providing for the purchase and sale of the Premises;
                and

            

    

    

    
      	
               

            	
              (iii)

            	
              The
                Seller and Rick’s shall enter into an Escrow Agreement as contemplated by
                Article VII hereof at or prior to the
                Closing.

            

    

     

     

    ARTICLE
      III

    REPRESENTATIONS
      AND WARRANTIES

    OF
      THE SELLER AND PAUL

    

    The
      Seller and Paul, jointly and severally, hereby represent and warrant to Rick’s
      as follows:

    

    Section
      3.1    Organization, Good
      Standing and Qualification.  The Company (i) is an entity duly
      organized, validly existing and in good standing under the laws of the state
      of
      Texas, (ii) has all requisite power and authority to carry on its business,
      and
      (iii) is duly qualified to transact business and is in good standing in all
      jurisdictions where its ownership, lease or operation of property or the conduct
      of its business requires such qualification, except where the failure to do
      so
      would not have a material adverse effect to the Seller or the
      Company.

    

    
      
        
          
          

        

        
          Stock
            Purchase Agreement - Page 4

          
            

          

        

        
          
          

        

      

    

     

    At
      Closing, the authorized capital stock of the Company consists
      of  321,000 shares of common stock, no par value, of which 251,000
      shares are validly issued and outstanding. There are no shares of preferred
      stock authorized or issued and there is no other class of capital stock
      authorized or issued by the Company.  All of the issued and
      outstanding shares of common stock of the Company are owned by the Seller and
      are fully paid and non-assessable.  None of the shares issued are in
      violation of any preemptive rights.  The Company has no obligation to
      repurchase, reacquire, or redeem any of its outstanding capital
      stock.  There are no outstanding securities convertible into or
      evidencing the right to purchase or subscribe for any shares of capital stock
      of
      the Company, there are no outstanding or authorized options, warrants, calls,
      subscriptions, rights, commitments or any other agreements of any character
      obligating the Company to issue any shares of its capital stock or any
      securities convertible into or evidencing the right to purchase or subscribe
      for
      any shares of such stock, and there are no agreements or understandings with
      respect to the voting, sale, transfer or registration of any shares of capital
      stock of the Company.

    

    Section
      3.2    Subsidiaries.  The
      Company has no subsidiaries.

    

    Section
      3.3    Ownership of the
      Shares.  The Seller owns, beneficially and of record, all of the
      Shares of the Company, which represents all of the issued and outstanding shares
      of capital stock of the Company, free and clear of any liens, claims, equities,
      charges, options, rights of first refusal, or encumbrances.   The
      Seller has no obligation to sell the Shares to any third party, nor does any
      other party have any right of first refusal or any other right to acquire the
      Shares from the Seller.  The Seller has the unrestricted right and
      power to transfer, convey and deliver full ownership of the Shares without
      the
      consent or agreement of any other person and without any designation,
      declaration or filing with any governmental authority.  Upon the
      transfer of the Shares to Rick’s as contemplated herein, Rick’s will receive
      good and valid title thereto, free and clear of any liens, claims, equities,
      charges, options, rights of first refusal, encumbrances or other restrictions
      (except those imposed by applicable securities laws).

    

    Section
      3.4    Authorization.   Paul
      represents that he is a single person of full age of majority, is president
      of
      the Company and is the sole member and manager of the Seller and has full power,
      capacity, and authority to enter into this Agreement and perform the obligations
      contemplated hereby by for himself.  All action on the part of Paul
      necessary for the authorization, execution, delivery and performance of this
      Agreement by him has been taken and will be taken prior to
      Closing.  This Agreement, when duly executed and delivered in
      accordance with its terms, will constitute legal, valid and binding obligations
      of Paul enforceable against him in accordance with its terms, except as may
      be
      limited by bankruptcy, insolvency, reorganization and other similar laws of
      general application affecting creditors’ rights generally or by general
      equitable principles.

    

    
      
        
          
          

        

        
          Stock
            Purchase Agreement - Page 5

          
            

          

        

        
          
          

        

      

    

     

    All
      corporate action on the part of the Company and the Seller necessary for the
      authorization, execution, delivery and performance of this Agreement by the
      Company and the Seller has been taken or will be taken prior to the
      Closing.  The Company and Seller have the requisite corporate power
      and authority to execute, deliver and perform this Agreement.  This
      Agreement, when duly executed and delivered in accordance with its terms, will
      constitute a valid and binding obligation of the Company and the Seller,
      enforceable against the Company and the Seller in accordance with its terms,
      except as may be limited by bankruptcy, insolvency, reorganization, and other
      similar laws of general application relating to or affecting creditors’ rights
      and to general equitable principles.

    

    Section
      3.5    No Breaches or
      Defaults. Except as set forth on Schedule 3.6 hereto, the
      execution, delivery, and performance of this Agreement by Paul, the Seller
      and
      the Company does not:  (i) conflict with, violate, or constitute a
      breach of or a default under, (ii) result in the creation or imposition of
      any
      lien, claim, or encumbrance of any kind upon the Shares, or (iii) require any
      authorization, consent, approval, exemption, or other action by or filing with
      any third party or Governmental Authority under any provision of:  (a)
      any applicable Legal Requirement, or (b) any credit or loan agreement,
      promissory note, or any other agreement or instrument to which Paul, the Seller
      or the Company is a party or by which the Shares may be bound or
      affected.  For purposes of this Agreement, "Governmental Authority"
      means any foreign governmental authority, the United States of America, any
      state of the United States, and any political subdivision of any of the
      foregoing, and any agency, department, commission, board, bureau, court, or
      similar entity, having jurisdiction over the parties hereto or their respective
      assets or properties.  For purposes of this Agreement, "Legal
      Requirement" means any law, statute, injunction, decree, order or judgment
      (or
      interpretation of any of the foregoing) of, and the terms of any license or
      permit issued by, any Governmental Authority.

    

    Section
      3.6    Consents.  Except
      as set forth on Schedule 3.6 hereto, no permit, consent,
      approval or authorization of, or designation, declaration or filing with, any
      Governmental Authority or any other person or entity is required on the part
      of
      the Seller or the Company in connection with the execution and delivery by
      the
      Seller or the Company of this Agreement or the consummation and performance
      of
      the transactions contemplated hereby.

    

    Section
      3.7    Pending
      Claims.  There is no claim, suit, arbitration, investigation,
      action or other proceeding, whether judicial, administrative or otherwise,
      now
      pending or, to the best of the Seller’s, Paul’s or the Company’s knowledge,
      threatened before any court, arbitration, administrative or regulatory body
      or
      any governmental agency which may result in any judgment, order, award, decree,
      liability or other determination which will or could reasonably be expected
      to
      have any material adverse effect upon the assets, properties, operations,
      business or financial condition of the Seller or the Company or the transfer
      by
      Seller to Rick’s of the Shares under this Agreement, nor is there any basis, to
      the knowledge of Seller, Paul or the Company for any such action.  No
      litigation is pending, or, to Seller’s, Paul’s or the Company’s knowledge,
      threatened against Seller or the Company, or their assets or properties which
      seeks to restrain or enjoin the execution and delivery of this Agreement or
      any
      of the documents referred to herein or the consummation of any of the
      transactions contemplated thereby or hereby.  Neither Seller nor the
      Company is subject to any judicial injunction or mandate or any quasi-judicial
      or administrative order or restriction directed to or against them or which
      would affect the Company, the Seller or the Shares to be transferred under
      this
      Agreement.

    

    
      
        
          
          

        

        
          Stock
            Purchase Agreement - Page 6

          
            

          

        

        
          
          

        

      

    

     

    Section
      3.8    Taxes.  Except
      as reflected on Schedule 3.8 hereto, the Company has timely and
      accurately filed all federal, state, foreign and local tax returns and reports
      required to be filed prior to such dates and has timely paid all taxes shown
      on
      such returns as owed for the periods of such returns, including all sales taxes
      and withholding or other payroll related taxes shown on such
      returns.  Except as reflected on Schedule 3.8 hereto,
      the Company has made adequate provision for the payment of all taxes accruable
      for all periods ending on or before the Closing Date to any taxing authority
      and
      is not delinquent in the payment of any tax or governmental charge of any
      nature. Except as reflected on Schedule 3.8 hereto, no
      assessments or notices of deficiency or other communications have been received
      by the Company with respect to any tax return which has not been paid,
      discharged or fully reserved against and no amendments or applications for
      refund have been filed or are planned with respect to any such
      return.  There are no agreements between the Company and any taxing
      authority, including, without limitation, the Internal Revenue Service, waiving
      or extending any statute of limitations with respect to any tax
      return.

    

    Section
      3.9    Financial
      Statements.  Attached hereto as Schedule 3.9 are
      the following financial statements of the Company (collectively, the "Financial
      Statements"): unaudited balance sheets and statements of income as of and for
      (i) the fiscal years ended December 31, 2006, 2005 and 2004, and (ii) the
      periods ended January 31, 2007, February 28, 2007, March 31,
      2007.  The Financial Statements (including the notes thereto) have
      been prepared in accordance with accounting principles applied on a consistent
      basis throughout the periods covered thereby, present fairly the financial
      condition of the Company as of such dates and the results of operations of
      the
      Company for such periods, are correct and complete, and are consistent with
      the
      books and records of the Company.  At the Closing, the Company will
      provide Purchaser with a closing balance sheet (the “Closing Balance Sheet”)
      reflecting the assets, liabilities and shareholders equity as of the date
      immediately prior to Closing, which Closing Balance Sheet shall be correct
      and
      complete in all material respects. Except as, and to the extent reflected or
      reserved against in the Financial Statements and the Closing Balance Sheet,
      the
      Company, as of the date of the Financial Statements, has no material liability
      or obligation of any nature, whether absolute, accrued, contingent or otherwise,
      not fully reflected or reserved against in the Financial
      Statements.  As of the Closing Date, Seller, Paul and the Company
      represent there have been no material adverse change in the financial condition
      or other operations, business, properties or assets of the Company since the
      date of the Financial Statements.

    

    Section
      3.10    Compliance with
      Laws.  The Company is, and at all times prior to the date hereof
      have been, to the best of its knowledge, in compliance with all statutes,
      orders, rules, ordinances and regulations applicable to it or to the ownership
      of their assets or the operation of their businesses, except for failures to
      be
      in compliance that would not have a material adverse effect on the business,
      properties, condition (financial or otherwise) or prospects of the
      Company.  Seller, Paul and the Company have no basis to expect, nor
      have they received, any order or notice of any such violation or claim of
      violation of any such statute, order, rule, ordinance or regulation by the
      Company.  Exhibit 3.10 sets forth all licenses
      and permits held by the Company used in the operation of its businesses as
      they
      are now being conducted, all of which are currently in good standing and in
      effect, and which will be in and remain in good standing and effect as of the
      Closing Date.  These licenses and permits represent all of the
      licenses and permits required by the Company for the operation of its business
      as it is now being conducted.

    

    
      
        
          
          

        

        
          Stock
            Purchase Agreement - Page 7

          
            

          

        

        
          
          

        

      

    

     

    Section
      3.11    Title to
      Properties; Encumbrances.  The Company has good and marketable
      title to all of its properties and assets, real and personal, tangible and
      intangible, that are material to the condition (financial or otherwise),
      business, operations or prospects of the Company, free and clear of all
      mortgages, claims, liens, security interests, charges, leases, encumbrances
      and
      other restrictions of any kind and nature, except (i) as disclosed in the
      Financial Statements of the Company, (ii) statutory liens not yet delinquent,
      and (iii) such liens consisting of zoning or planning restrictions,
      imperfections of title, easements and encumbrances, if any, as do not materially
      detract from the value or materially interfere with the present use of the
      property or assets subject thereto or affected thereby.   At the
      time of Closing, the assets of the Company shall include, but shall not be
      limited to, the assets set forth in the Company’s Financial Statements along
      with all equipment and fixtures located on the Premises at New Orleans Nights
      as
      of the Closing Date.

    

    Section
      3.12    Labor
      Matters.  The Company is not a party or otherwise subject to any
      collective bargaining agreement with any labor union or
      association.  There are no discussions, negotiations, demands or
      proposals that are pending or have been conducted or made with or by any labor
      union or association, and there are not pending or threatened against the
      Company any labor disputes, strikes or work stoppages.  To the best
      of  Seller’s and Paul’s knowledge, the Company is in compliance with
      all federal and state laws respecting employment and employment practices,
      terms
      and conditions of employment and wages and hours, and, to their knowledge,
      is
      not engaged in any unfair labor practices.  The Company is not a party
      to any written or oral contract, agreement or understanding for the employment
      of any officer, director or employee of the Company.

    

    Section
      3.13    Contracts and
      Leases.  Except as disclosed on Exhibit
      3.13, the Company (i) has no leases of personal property relating
      to the assets of the Company, whether as lessor or lessee; (ii) has no
      contractual or other obligations relating to the assets of the Company, whether
      written or oral; and (iii) has not given any power of attorney to any person
      or
      organization for any purpose relating to the assets of the
      Company.  The Company has an existing real estate lease agreement
      covering the real property where New Orleans Nights operates its adult
      entertainment cabaret located at 7101 Calmont, Fort Worth, Texas,
      76116.  The Company has furnished Purchaser a copy of each and every
      contract, lease or other document relating to the assets of the Company to
      which
      they are subject or are a party or a beneficiary (collectively, the
“Contracts”).  To Seller’s, Paul’s and the Company’s knowledge, such
      contracts, leases or other documents are valid and in full force and effect
      according to their terms and constitutes a legal, valid and binding obligation
      of the Company and the other respective parties thereto and are enforceable
      in
      accordance with their terms.  Neither the Seller,  Paul nor
      the Company has any knowledge of any default or breach under such contracts,
      leases or other documents or of any pending or threatened claims under any
      such
      contracts, leases or other documents.  Neither the execution of this
      Agreement, nor the consummation of all or any of the transactions contemplated
      under this Agreement, will constitute a breach or default under any such
      contracts, leases or other documents which would have a material adverse effect
      on the financial condition of the Company or the operation of its business
      after
      the Closing.

    

    Section
      3.14    Material
      Agreements; Action.   Except for the Contracts, there are no
      material contracts, agreements, commitments, understandings or proposed
      transactions, whether written or oral, to which the Company is a party or by
      which either the Company or its assets are bound.

    

    
      
        
          
          

        

        
          Stock
            Purchase Agreement - Page 8

          
            

          

        

        
          
          

        

      

    

     

    Section
      3.15    No
      Default.  Neither Seller nor the Company is in default under any
      term or condition of any instrument evidencing, creating or securing any
      indebtedness of Seller or the Company, and there has been no default in any
      material obligation to be performed by Seller or the Company under any other
      contract, lease, agreement, commitment or undertaking to which it is a party
      or
      by which it or its assets or properties are bound, nor, to the knowledge of
      Seller, have Seller or the Company waived any material right under any such
      contract, lease, agreement, commitment or undertaking.

    

    Section
      3.16    Books and
      Records.  The books of account, minute books, stock record books
      and other records of the Company, all of which have been made available to
      Rick’s, are accurate and complete and have been maintained in accordance with
      sound business practices.  Upon Closing, all books and records will be
      in the possession of Seller or the Company.

    

    Section
      3.17    Disclosure.  No
      representation or warranty of the Seller or the Company contained in this
      Agreement (including the exhibits hereto) contains any untrue statement or
      omits
      to state a material fact necessary in order to make the statements contained
      herein or therein, in light of the circumstances under which they were made,
      not
      misleading.

    

    Section
      3.18    No Pending
      Transactions.  Except for the transactions contemplated by this
      Agreement, neither Seller nor Paul nor the Company is a party to or bound by
      or
      the subject of any agreement, undertaking, commitment or discussions or
      negotiations with any person that could result in (i) the sale, merger,
      consolidation or recapitalization of the Company, or (ii) the sale of any or
      all
      or substantially all of the assets of the Company.

    

    Section
      3.19    Employee Benefit
      Plans.  Except as set forth on Schedule 3.19 hereto, the Company
      is not a party to any employee-benefit plan.

    

    Section
      3.20    Brokerage
      Commission.  No broker or finder has acted on behalf of Seller or
      the Company in connection with this Agreement or the transactions contemplated
      hereby, and no person is entitled to any brokerage or finder’s fee or
      compensation in respect thereof based in any way on agreements, arrangements
      or
      understandings made by or on behalf of Seller or the Company.

    

    Section
      3.21    Unpaid
      Bills.  As of the Closing, there will be no unpaid bills or claims
      in connection with any repair of the Premises or other work performed or
      materials purchased in connection with the repair of the Premises.

    

    Section
      3.22    Notices.  Neither
      the Seller, Paul nor the Company has received any written notice (i) from any
      insurance companies, governmental agencies or from any other parties of any
      condition, defects or inadequacies with respect to the Premises which, if not
      corrected, would result in termination of insurance coverage or increase its
      cost, (ii) from any governmental agencies or any other third parties with
      respect to any violations of any building codes and/or zoning ordinances or
      any
      other governmental laws, regulations or orders affecting the Premises,
      including, without limitation, the Americans With Disabilities Act, (iii) of
      any
      pending or threatened condemnation proceedings with respect to the Premises,
      or
      (iv) of any proceedings which could or would cause the change, redefinition
      or
      other modification of the zoning classification of the Premises.

    

    
      
        
          
          

        

        
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    Section
      3.23    Proceedings
      Relating to Premises.  Except as set forth on Schedule 3.23
      hereto, there is no pending, or, to the best of Seller's, Paul’s or the
      Company’s knowledge, threatened, judicial, municipal or administrative
      proceedings with respect to, or in any manner affecting the Premises or any
      portion thereof, including, without limitation, proceedings for or involving
      tenant evictions, collections, condemnations, eminent domain, alleged building
      code or zoning violations, personal injuries or property damage alleged to
      have
      occurred on the Premises or by reason of the use and operation of the Premises,
      or written notice of any attachments, executions, assignments for the benefit
      of
      creditors, receiverships, conservatorships or voluntary or involuntary
      proceedings in bankruptcy or pursuant to any other debtor relief laws pending
      or
      threatened against the seller of the Premises or the Premises itself, or the
      taking of the Premises for public needs.

    

    Section
      3.24    Public
      Improvements.  Neither the Seller nor Paul nor the Company has
      knowledge of any existing or proposed public improvements which involve or
      which
      may result in any charge being levied or assessed against the Premises or which
      will or could result in the creation of any lien upon the Premises or any part
      thereof.

    

    Section
      3.25    Certificates.  To
      the best of Seller’s, Paul’s and the Company’s knowledge, all certificates of
      occupancy, licenses, permits, authorizations and approvals required by law
      or by
      any governmental authority having jurisdiction over the Premises have been
      obtained and are in full force and effect.

    

    Section
      3.26    Material
      Defect.  Neither the Seller nor Paul nor the Company has knowledge
      of any material defects to the Premises which have not been disclosed in writing
      to the Purchaser.

     

                   
      Section 3.27    Flooding.  Neither
      the Seller nor Paul nor the Company has knowledge of any flooding which has
      occurred on the Premises.

    

    Section
      3.28    Environmental.  To
      the best of Seller’s, Paul’s and the Company’s knowledge, the Premises is not in
      violation of any state, local or federal statutes, laws, regulations,
      ordinances, or rules pertaining to health or the environment requirements
      affecting the Premises.

    

    For
      purposes of this Article III, references to the
      "knowledge" of Seller or the Company shall refer only to the actual knowledge
      of
      Brian Paul, and shall not be construed, by imputation or otherwise, to refer
      to
      the knowledge of any other officer, agent, manager, representative or employee
      of Seller or the Company.

    

    
      
        
          
          

        

        
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    ARTICLE
      IV

    REPRESENTATIONS
      AND WARRANTIES

    OF
      RICK’S

    

    Rick’s
      hereby represents and warrants to the Seller and the Company as
      follows:

    

    Section
      4.1    Authorization.  Rick’s
      is a corporation duly organized in the state of Texas and has full power,
      capacity, and authority to enter into this Agreement and perform the obligations
      contemplated hereby.  All action on the part of Rick’s necessary for
      the authorization, execution, delivery and performance of this Agreement by
      it
      has been taken and will be taken prior to Closing.  This Agreement,
      when duly executed and delivered in accordance with its terms, will constitute
      legal, valid, and binding obligations of Rick’s enforceable against Rick’s in
      accordance with its terms, except as may be limited by bankruptcy, insolvency,
      and other similar laws affecting creditors' rights generally or by general
      equitable principles.

     

    Section 4.2    No
      Breaches or Defaults.  The execution, delivery, and performance of
      this Agreement by Rick’s does not:  (i) conflict with, violate, or
      constitute a breach of or a default under or (ii) require any authorization,
      consent, approval, exemption, or other action by or filing with any third party
      or Governmental Authority under any provision of:  (a) any applicable
      Legal Requirement, or (b) any credit or loan agreement, promissory note, or
      any
      other agreement or instrument to which Rick’s is a party.

    

    Section
      4.3    Consents.  No
      permit, consent, approval or authorization of, or designation, declaration
      or
      filing with, any Governmental Authority or any other person or entity is
      required on the part of Rick’s in connection with the execution and delivery by
      Rick’s of this Agreement or the consummation and performance of the transactions
      contemplated hereby other than as required under the federal securities
      laws.

    

    Section
      4.4    Disclosure.  No
      representation or warranty of Rick’s contained in this Agreement (including the
      exhibits hereto) contains any untrue statement or omits to state a material
      fact
      necessary in order to make the statements contained herein or therein, in light
      of the circumstances under which they were made, not misleading.

    

    Section
      4.5    Brokerage
      Commission.  No broker or finder has acted on behalf of Rick’s in
      connection with this Agreement or the transactions contemplated hereby, and
      no
      person is entitled to any brokerage or finder’s fee or compensation in respect
      thereof based in any way on agreements, arrangements or understandings made
      by
      or on behalf of Rick’s.

    

    
      
        
          
          

        

        
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    ARTICLE
      V

    CONDITIONS
      TO CLOSING OF PAUL, THE SELLER

    AND
      THE COMPANY

    

    Each
      obligation of Paul, the Seller and the Company to be performed on the Closing
      Date shall be subject to the satisfaction of each of the conditions stated
      in
      this Article V, except to the extent that such satisfaction is waived by Paul,
      the Seller and the Company in writing.

    

    Section
      5.1    Representations
      and Warranties Correct.  The representations and warranties made
      by Rick’s contained in this Agreement shall be true and correct as of the
      Closing Date.

    

    Section
      5.2    Covenants.  All
      covenants, agreements and conditions contained in this Agreement to be performed
      by Rick’s on or prior to the Closing Date shall have been performed or complied
      with in all respects.

    

    Section
      5.3    Delivery of
      Certificate.  Rick’s shall provide to Paul, the Seller and the
      Company a certificate, dated the Closing Date and signed by the President of
      Rick’s to the effect set forth in Section 5.1 and 5.2 for the purpose of
      verifying the accuracy of such representations and warranties and the
      performance and satisfaction of such covenants and conditions.

    

    Section
      5.4    Payment of
      Purchase Price.  Rick’s shall have tendered the Purchase Price for
      the Shares as referenced in Section 1.2 to the Seller concurrently with the
      Closing.

    

    Section
      5.5    Related
      Transactions.  The Related Transaction set forth in Section 2.3
      shall be consummated prior to or concurrently with the Closing.

    

    Section
      5.6    Corporate
      Resolutions.  Rick’s shall provide a certificate of the corporate
      resolutions of the Board of Directors of Rick’s which approve the transactions
      contemplated herein and authorize the execution, delivery and performance of
      this Agreement and the documents referred to herein to which it is or is to
      be a
      party dated as of the Closing Date.

    

    Section
      5.7    Absence of
      Proceedings.  No action, suit or proceeding by or before any court
      or any governmental or regulatory authority shall have been commenced and no
      investigation by any governmental or regulatory authority shall have been
      commenced seeking to restrain, prevent or challenge the transactions
      contemplated hereby or seeking judgments against Rick’s.

     

     

    ARTICLE
      VI

    CONDITIONS
      TO CLOSING OF

    RICK’S

    

    Each
      obligation of Rick’s to be performed on the Closing Date shall be subject to the
      satisfaction of each of the conditions stated in this Article VI, except to
      the
      extent that such satisfaction is waived by Rick’s in writing.

    

    Section
      6.1    Representations
      and Warranties Correct.  The representations and warranties made
      by Paul, the Seller and the Company hereof shall be true and correct as of
      the
      Closing Date.

    

    
      
        
          
          

        

        
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    Section
      6.2    Covenants.  All
      covenants, agreements and conditions contained in this Agreement to be performed
      by Paul, the Seller and the Company on or prior to the Closing Date shall have
      been performed or complied with in all respects.

    

    Section
      6.3    Delivery of
      Certificate.  Paul, the Seller and the Company each shall provide
      to Rick’s certificates, dated the Closing Date and signed by Paul, the Seller
      and by the President of the Company, respectively, to the effect set forth
      in
      Section 6.1 and 6.2 for the purpose of verifying the accuracy of such
      representations and warranties and the performance and satisfaction of such
      covenants and conditions.

    

    Section
      6.4    Delivery of
      Shares.  Seller shall have delivered certificates evidencing the
      Shares of the Company, duly endorsed to Rick’s or accompanied by duly executed
      stock powers in form and substance satisfactory to Rick’s.

    

    Section
      6.5    Corporate
      Resolutions.  The Company and the Seller shall provide to Rick’s
      corporate resolutions of the Board of Directors of the Company and resolutions
      of the members and of the managers of the Seller which approve the transactions
      contemplated herein and authorizes the execution, delivery and performance
      of
      this Agreement and the documents referred to herein to which it is or is to
      be a
      party dated as of the Closing Date.

    

    Section
      6.6    Consents; Transfer
      of Licenses.  All necessary transfers of licenses and leases
      required for the continued operation of the business of the Company as presently
      being conducted shall have been obtained and shall be in full force and effect,
      including sexually oriented business license of New Orleans Nights.

    

    Section
      6.7    Related
      Transactions.  The Related Transaction set forth in Section 2.3
      shall be consummated prior to or concurrently with the Closing.

    

    Section
      6.8    Resignation.  The
      Officers and Directors of the Company shall have provided to Rick’s their
      written resignations.

    

    Section
      6.9    Absence of
      Proceedings.  No action, suit or proceeding by or before any court
      or any governmental or regulatory authority shall have been commenced and no
      investigation by any governmental or regulatory authority shall have been
      commenced seeking to restrain, prevent or challenge the transactions
      contemplated hereby or seeking judgments against the Company or any of its
      assets.

    

    
      
        
          
          

        

        
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    ARTICLE
      VII

    TAX
      COVENANTS; ESCROW AGREEMENT

    

    Section
      7.1    Tax
      Covenants.

    

    (a)           The
      Seller and Paul shall be responsible for, and shall pay or cause to be paid,
      and
      shall indemnify and hold the Company and Purchaser harmless from and against
      any
      and all federal, state and local income and property (real and personal) taxes,
      including penalties and interest, if any, thereon (individually, a “Tax” and
      collectively, “Taxes”) that may be imposed on or assessed against the Company
      and/or Purchaser on account of taxes imposed upon the Company or its assets
      prior to the Closing Date, including all taxes due on income received by the
      Company prior to the Closing Date.  The Seller and Paul shall also pay
      or cause to be paid and shall indemnify and hold harmless the Company and
      Purchaser against all losses, damages and reasonable third party costs and
      expenses (including reasonable attorney, accountant and expert witness fees
      and
      disbursements) (“Related Costs”) incurred in connection with the Taxes for which
      the Seller and Paul indemnifies the Company and Purchaser pursuant to this
      Section 7.1 (a)(or any asserted deficiency, claim demand or assessment,
      including the defense or settlement thereof) or the enforcement of this Section
      7.1(a).  Any payment required to be made by the Seller and Paul
      pursuant to this Section 7.1(a) shall be made within 30 days of written notice
      from the Purchaser.

    

    (b)           The
      Purchaser shall be responsible for, and shall pay or cause to be paid, and
      shall
      indemnify and hold the Seller and Paul harmless from and against, any and all
      Taxes that may be imposed on or assessed against the Seller and Paul on account
      of Taxes imposed on the Company or its assets following the Closing Date,
      including all taxes due on income received by the Company beginning after the
      Closing Date.  The Purchaser shall also pay or cause to be paid and
      shall indemnify and hold harmless the Seller and Paul from and against all
      Related Costs of the Seller and Paul incurred in connection with the Taxes
      for
      which the Purchaser indemnifies the Seller and Paul pursuant to this Section
      7.1(b) (or any asserted deficiency, claim, demand or assessment, including
      the
      defense or settlement thereof) or the enforcement of this Section
      7.1(b).  Any payment required to be made by the Purchaser pursuant to
      this Section 7.1(b) shall be made within 30 days of written notice from the
      Seller.

    

    (c)           For
      purposes of this Article VII, Taxes for the period up to and including the
      Closing Date (“Seller's Taxes”) shall be determined on the basis of an interim
      closing of the books as of the end of the day prior to the Closing Date;
provided, however, that in the case of any Tax not based on income or
      receipts, such Seller's Taxes shall be equal to the amount of such Tax for
      the
      taxable year multiplied by a fraction, the numerator of which shall be
      the number of days from the beginning of the taxable year through the day prior
      to the Closing Date, and the denominator of which shall be the number
      of days in the taxable year.

    

    
      
        
          
          

        

        
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    (d)          Seller
      shall be responsible for filing or causing to be filed all tax returns
      (specifically including the 2006 federal income tax return and Texas franchise
      tax report for the 2007 privilege period) required to be filed by or on behalf
      of the Company on or before the Closing Date, which tax returns shall be filed
      within 45 days following Seller’s receipt of the audited financial statements of
      the Company prepared by Buyer in connection with this
      transaction.  Purchaser shall be responsible for filing or causing to
      be filed all tax returns required to be filed by or on behalf of the Company
      after the Closing Date (other than tax returns for periods ending on or before
      the Closing Date but not due until after the Closing Date).  With
      respect to returns, if any, for periods that begin before but end after the
      Closing Date (“Straddle Returns”), the Purchaser shall pay or cause to be
      paid all Taxes to which such returns relate for all periods covered by such
      returns; provided, however, that the Seller shall pay to the Purchaser
      the amount determined pursuant to Section 7.1(a) and (b) above, but only to
      the
      extent the Seller has an obligation to indemnify the Purchaser for such amounts
      pursuant to Section 7.1(a) hereof, not later than fifteen days before the due
      date for payment of Taxes with respect to such tax returns. Such Straddle
      Returns shall be prepared in a manner consistent with prior practice, unless
      otherwise required by Applicable Law, as solely determined by the Purchaser
      upon
      notice to the Seller.  The Purchaser shall provide the Seller with a
      statement setting forth in reasonable detail the amount, if any, payable
      pursuant to this Section 7.1(d).

    

    (e)           The
      Seller and the Purchaser shall cooperate fully with each other and make
      available to each other in a timely fashion such Tax data and other information
      and personnel as may be reasonably required for the payment of any estimated
      Taxes and the preparation of any tax returns required to be prepared
      hereunder.  The Seller and the Purchaser shall make available to the
      other, as reasonably requested, all information, records or documents in their
      possession relating to Tax liabilities of the Company for all taxable periods
      thereof ending on, before or including the Closing Date and shall preserve
      all
      such information, records and documents until the expiration of any applicable
      Tax statute of limitations or extensions thereof; provided, however,
      that if a proceeding has been instituted for which the information, records
      or
      documents are required prior to the expiration of the applicable statute of
      limitations, then such information, records or documents shall be retained
      until
      there is a final determination with respect to such proceeding.

    

    (f)           The
      Purchaser and the Seller shall promptly notify each other in writing upon
      receipt by the Purchaser or the Seller, as the case may be, of any notice of
      any
      tax audits of or assessments against the Company for taxable periods ending
      on
      or before the Closing Date.  The failure of one party promptly to
      notify the other party of any such audit or assessment shall not forfeit the
      right to indemnity except to the extent that a party is materially prejudiced
      as
      a result.  The Purchaser shall have the sole right to represent the
      Company's interests in any tax proceeding relating to such tax audits or
      assessments and to employ counsel of its choice at its expense.  The
      Purchaser, on the one hand, and the Seller, on the other, each agree to
      cooperate fully with the other and its or their respective counsel in the
      defense against or compromise of any claim in any tax proceeding.

    

    (h)           Notwithstanding
      anything to the contrary contained elsewhere in this Agreement, all obligations
      under this Article VII shall survive the Closing hereunder and continue until
      30
      days following the expiration of the statute of limitations on assessment of
      the
      relevant Tax.

    

    Section
      7.2     Escrow
      Agreement.  At the Closing, Seller and Purchaser shall escrow with
      Robert D. Axelrod, P.C., as Escrow Agent, the sum of $__________ from the
      proceeds of the Purchase Price, which amount (the Escrow Cash”) represents the
      estimated unpaid Taxes of Seller pursuant to this Article VII for all periods
      up
      to the Closing Date as further provided on Schedule 3.8 hereto.  The
      Escrow Cash shall be held by the Escrow Agent in its IOLTA Account and shall
      be
      disposed of in accordance with the Escrow Agreement in the form attached hereto
      as Exhibit “B,” to be executed by the parties at the
      Closing.

     

    
      
        
          
          

        

        
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    ARTICLE
      VIII

    INDEMNIFICATION

    

    Section
      8.1    Indemnification
      from Paul and the Seller.  Paul and the Seller, jointly and
      severally, hereby agree to and shall indemnify, defend (with legal counsel
      reasonably acceptable to Rick’s), and hold Rick’s, its officers, directors,
      employees, agents, affiliates, agents, successors, assigns, and legal counsel
      (collectively, the "Rick’s Group") harmless at all times after the date of this
      Agreement, from and against any and all actions, suits, claims, demands, debts,
      liabilities, obligations, losses, damages, costs, expenses, penalties or
      injury  (including reasonable attorneys‘
      fees and costs of any suit related thereto) suffered or incurred by any of the
      Rick’s Group arising from: (a) any misrepresentation or omission by, or breach
      of any covenant or warranty of the Seller, the Company or Paul contained in
      this
      Agreement, or any exhibit, certificate, or other instrument furnished or to
      be
      furnished by Paul, the Company or the Seller hereunder; (b) any nonfulfillment
      of any agreement on the part of Seller or the Company under this Agreement;
      (c)
      from any liability or obligation due to any third party by the Company incurred
      prior to the Closing Date, including all damages resulting to the Rick’s Group
      from the Company’s breach of any of the Contracts occurring prior to the Closing
      Date; or (d) any suit, action, proceeding, claim or investigation against Rick’s
      or the Company which arises from or which is based upon or pertaining to
      Seller’s or the Company’s conduct or the operation or liabilities of the
      business of the Company prior to the Closing Date.

    

    Section
      8.2    Indemnification
      from Rick’s.  Rick’s agrees to and shall indemnify, defend (with
      legal counsel reasonably acceptable to the Seller and Paul) and hold Paul and
      the Seller, their respective managers, officers, employees, agents, affiliates,
      legal counsel, successors and assigns (collectively, the "Seller’s Group")
      harmless at all times after the date of the Agreement from and against any
      and
      all actions, suits, claims, demands, debts, liabilities, obligations, losses,
      damages, costs, expenses, penalties or injury (including reasonably attorney’s
      fees and costs of any suit related thereto)  suffered or incurred by
      any of the Seller’s Group, arising from (a) any misrepresentation or omission
      by, or breach of any covenant or warranty of Rick’s contained in this Agreement
      or any exhibit, certificate, or other agreement or instrument furnished or
      to be
      furnished by Rick’s hereunder; (b) any nonfulfillment of any agreement on the
      part of Rick’s under this Agreement; (c) from any liability or obligation due to
      any third party by the Company incurred after to the Closing Date, including
      all
      damages resulting to the Seller’s Group from the Company’s breach of any of the
      Contracts occurring after the Closing Date, including the obligations of RCI
      Holdings, Inc. pursuant to the Real Estate Sales Contract and the promissory
      note and deed of trust referred to therein; or (d) any suit, action, proceeding,
      claim or investigation against Seller or Paul which arises from or which is
      based upon or pertaining to Rick’s conduct or the operation of the business of
      the Company subsequent to the Closing Date.

    

    
      
        
          
          

        

        
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    Section
      8.3    Defense of
      Claims.  If any lawsuit or enforcement action is filed against any
      party entitled to the benefit of indemnity hereunder, written notice thereof
      shall be given to the indemnifying party as promptly as practicable (and in
      any
      event not less than fifteen (15) days prior to any hearing date or other date
      by
      which action must be taken); provided that the failure of any indemnified party
      to give timely notice shall not affect rights to indemnification hereunder
      except to the extent that the indemnifying party demonstrates actual damage
      caused by such failure.  After such notice, the indemnifying party
      shall be entitled, if it so elects, to take control of the defense and
      investigation of such lawsuit or action and to employ and engage attorneys
      of
      its own choice to handle and defend the same, at the indemnifying party's cost,
      risk and expense; and such indemnified party shall cooperate in all reasonable
      respects, at its cost, risk and expense, with the indemnifying party and such
      attorneys in the investigation, trial and defense of such lawsuit or action
      and
      any appeal arising therefrom; provided, however, that the indemnified party
      may,
      at its own cost, participate in such investigation, trial and defense of such
      lawsuit or action and any appeal arising therefrom.  The indemnifying
      party shall not, without the prior written consent of the indemnified party,
      effect any settlement of any proceeding in respect of which any indemnified
      party is a party and indemnity has been sought hereunder unless such settlement
      of a claim, investigation, suit, or other proceeding only involves a remedy
      for
      the payment of money by the indemnifying party and includes an unconditional
      release of such indemnified party from all liability on claims that are the
      subject matter of such proceeding.

    

    Section
      8.4    Default of
      Indemnification Obligation.  If an entity or individual having an
      indemnification, defense and hold harmless obligation, as above provided, shall
      fail to assume such obligation, then the party or entities or both, as the
      case
      may be, to whom such indemnification, defense and hold harmless obligation
      is
      due shall have the right, but not the obligation, to assume

    and
      maintain such defense (including reasonable counsel fees and costs of any suit
      related thereto) and to make any settlement or pay any judgment or verdict
      as
      the individual or entities deem necessary or appropriate in such individuals
      or
      entities absolute sole discretion and to charge the cost of any such settlement,
      payment, expense and costs, including reasonable attorneys=
      fees, to the entity or individual that had the obligation to provide such
      indemnification, defense and hold harmless obligation and same shall constitute
      an additional obligation of the entity or of the individual or both, as the
      case
      may be.

    

    Section
      8.5    Survival of
      Representations and Warranties.  The respective representations,
      warranties and indemnities given by the parties to each other pursuant to this
      Agreement shall survive the Closing for a period ending twenty-four (24) months
      from the date hereof (“Survival Date”).  Notwithstanding
      anything to the contrary contained herein, no claim for indemnification may
      be
      made against the party required to indemnify (the “Indemnitor”) under
      this Agreement unless the party entitled to indemnification (the
“Indemnitee”) shall have given the Indemnitor written notice of such
      claim as provided herein on or before the Survival Date.  Any claim
      for which notice has been given prior to the expiration of the Survival Date
      shall not be barred hereunder.

    

    Section
      8.6    Limitations on
      Indemnification Amounts.

    

    (a)           Notwithstanding
      anything in this Agreement to the contrary, no indemnification payment shall
      be
      made to Rick’s Group until the amounts which the Rick’s Group would otherwise be
      entitled to receive as indemnification under this Agreement aggregate at least
      $10,000.00 (the “Rick’s Indemnification Threshold”), at which time the
      Rick’s Group shall be indemnified dollar for dollar for the entire amount of
      indemnification to which it would be entitled.  The indemnification
      provisions set forth in Section 8.1 shall not be subject to the limitations
      set
      forth in this Section 8.6(a) with respect to a breach of Section 3.1
      (Organization, Good Standing and Qualification), Section 3.3 (Ownership of
      the
      Shares), Section 3.8 (Taxes), and Section 3.20 (Brokerage Commissions), and
      damages resulting from such excluded covenants, representations and warranties
      shall be indemnified to the Rick’s Indemnified Parties dollar for
      dollar.

    

    
      
        
          
          

        

        
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    (b)           
      Notwithstanding anything in this Agreement to the contrary, no indemnification
      payment shall be made to the Seller’s Group until the amounts which the Seller’s
      Group would otherwise be entitled to receive as indemnification under this
      Agreement aggregate at least $10,000.00 (the
“Seller’s  Indemnification Threshold”), at which time the
      Seller’s Group shall be indemnified dollar for dollar for the entire amount of
      indemnification to which it would be entitled. The indemnification provisions
      set forth in Section 8.2 shall not be subject to the limitations set forth
      in
      this Section 8.6(b) with respect to a breach of the Real Estate Sales Contract
      by Rick’s following the Closing, the obligations of Rick’s for the payment of
      all tax liabilities of the Seller following the Closing Date, Section
      4.5  (Brokerage Commissions), and damages resulting from such excluded
      covenants, representations and warranties shall be indemnified to the Rick’s
      Indemnified Parties dollar for dollar.

    

    (ii)           The
      maximum aggregate liability of the Seller and Paul for any claim arising from
      or
      relating to this Agreement or the transactions contemplated hereby, whether
      asserted as breach of contract, tort, violation of statute or otherwise,
      irrespective of the theory or basis of such claim, shall not exceed the Purchase
      Price.

    

    ARTICLE
      IX

    MISCELLANEOUS

    

    Section
      9.1    Amendment;
      Waiver.  Neither this Agreement nor any provision hereof may be
      amended, modified or supplemented unless in writing, executed by all the parties
      hereto.  Except as otherwise expressly provided herein, no waiver with
      respect to this Agreement shall be enforceable unless in writing and signed
      by
      the party against whom enforcement is sought.  Except as otherwise
      expressly provided herein, no failure to exercise, delay in exercising, or
      single or partial exercise of any right, power or remedy by any party, and
      no
      course of dealing between or among any of the parties, shall constitute a waiver
      of, or shall preclude any other or further exercise of, any right, power or
      remedy.

    

    Section
      9.2    Notices.  Any
      notices or other communications required or permitted hereunder shall be
      sufficiently given if in writing and delivered in Person, transmitted by
      facsimile transmission (fax) or sent by registered or certified mail (return
      receipt requested) or recognized overnight delivery service, postage pre-paid,
      addressed as follows, or to such other address has such party may notify to
      the
      other parties in writing:

    

    
      
        
          	
                  (a)

                	
                  if
                    to the Seller

                	 
	 	
                  or
                    Paul:

                	
                  BLP
                    Holdings, LLC

                
	 	 	
                  Attn:  Brian
                    Paul

                
	 	 	
                  1020
                    Cannongate Drive

                
	 	 	
                  Flower
                    Mound, Texas  75022

                
	 	 	 
	 	
                  with
                    a copy to:

                	
                  Robert
                    J. Keffler

                
	 	 	
                  Murphy
                    Mahon Keffler & Farrier, LLP.

                
	 	 	
                  500
                    Main Street

                
	 	 	
                  Fort
                    Worth, Texas 76102

                

        

      

    

     

    
      
        
          
          

        

        
          Stock
            Purchase Agreement - Page 18

          
            

          

        

        
          
          

        

      

    

     

    
      
        
          	
                  (b)

                	
                  if
                    to the Company:

                	
                  WKC,
                    Inc.

                
	 	 	
                  Attn:
                    Brian L. Paul

                
	 	 	
                  1020
                    Cannongate Drive

                
	 	 	
                  Flower
                    Mound, Texas  75022

                
	 	 	 
	
                  (c)

                	
                  if
                    to Rick’s:

                	
                  Eric
                    Langan, President/CEO

                
	 	 	
                  10959
                    Cutten Road

                
	 	 	
                  Houston,
                    Texas  77066

                
	 	 	 
	 	
                  with
                    a copy to:

                	
                  Robert
                    D. Axelrod

                
	 	 	
                  Axelrod,
                    Smith & Kirshbaum

                
	 	 	
                  5300
                    Memorial Drive, Suite 700

                
	 	 	
                  Houston,
                    Texas  77007

                

        

      

    

    

    A
      notice
      or communication will be effective (i) if delivered in Person or by overnight
      courier, on the business day it is delivered, (ii) if transmitted by telecopier,
      on the business day of actual confirmed receipt by the addressee thereof, and
      (iii) if sent by registered or certified mail, three (3) business days after
      dispatch.

    

    Section
      9.3    Severability.  Whenever
      possible, each provision of this Agreement shall be interpreted in such manner
      as to be effective and valid under applicable law, but if any provision of
      this
      Agreement is held to be prohibited by or invalid under applicable law, such
      provision will be ineffective only to the extent of such prohibition or
      invalidity, without invalidating the remainder of this Agreement.

    

    Section
      9.4    Assignment;Successors
      and Assigns.  Except as otherwise provided herein, the provisions
      hereof shall inure to the benefit of, and be binding upon, the successors and
      permitted assigns of the parties hereto.  No party hereto may assign
      its rights or delegate its obligations under this Agreement without the prior
      written consent of the other parties hereto, which consent will not be
      unreasonably withheld.

    

    Section
      9.5    Survival of
      Representations, Warranties and Covenants. All representations and
      warranties made in, pursuant to or in connection with this Agreement shall
      survive the execution and delivery of this Agreement for a period of two
      years.

    

    Section
      9.6    Public
      Announcements.   The parties hereto agree that prior to
      making any public announcement or statement with respect to the transactions
      contemplated by this Agreement, the party desiring to make such public
      announcement or statement shall consult with the other parties hereto and
      exercise their best efforts to agree upon the text of a public announcement
      or
      statement to be made by the party desiring to make such public announcement;
      provided, however, that if any party hereto is required by law to make such
      public announcement or statement, then such announcement or statement may be
      made without the approval of the other parties.

    

    
      
        
          
          

        

        
          Stock
            Purchase Agreement - Page 19

          
            

          

        

        
          
          

        

      

    

     

    Section
      9.7    Entire
      Agreement.  This Agreement and the other documents delivered
      pursuant hereto constitute the full and entire understanding and agreement
      between the parties with regard to the subject matter hereof and thereof and
      supersede and cancel all prior representations, alleged warranties, statements,
      negotiations, undertakings, letters, acceptances, understandings, contracts
      and
      communications, whether verbal or written among the parties hereto and thereto
      or their respective agents with respect to or in connection with the subject
      matter hereof.

    

    Section
      9.8    Choice of
      Law.  This Agreement shall be governed by, and construed in
      accordance with, the laws of the State of Texas, without regard to principles
      of
      conflict of laws.  .

    

    Section
      9.9    Execution.  This
      Agreement may be executed in two or more counterparts, all of which when taken
      together shall be considered one and the same agreement and shall become
      effective when counterparts have been signed by each party and delivered to
      the
      other party, it being understood that both parties need not sign the same
      counterpart.  In the event that any signature is delivered by
      facsimile transmission or by e-mail delivery of a “.pdf” format data file, such
      signature shall create a valid and binding obligation of the party executing
      (or
      on whose behalf such signature is executed) with the same force and effect
      as if
      such facsimile or “.pdf” signature page were an original thereof.

    

    Section
      9.10    Costs and
      Expenses.   Each party shall pay their own respective fees,
      costs and disbursements incurred in connection with this Agreement.

    

    Section
      9.11    Section
      Headings.  The section and subsection headings in this Agreement
      are used solely for convenience of reference, do not constitute a part of this
      Agreement, and shall not affect its interpretation.

    

    Section
      9.12    No Third-Party
      Beneficiaries.  Nothing in this Agreement will confer any third
      party beneficiary or other rights upon any person (specifically including any
      employees of The Company) or any entity that is not a party to this
      Agreement.

    

    Section
      9.13    Validity.  The
      invalidity or unenforceability of any provision of this Agreement shall not
      affect the validity or enforceability of any other provisions of this Agreement,
      which shall remain in full force and effect.

    

    Section
      9.14    Further
      Assurances.  Each party covenants that at any time, and from time
      to time, after the Closing Date, it will execute such additional instruments
      and
      take such actions as may be reasonably be requested by the other parties to
      confirm or perfect or otherwise to carry out the intent and purposes of this
      Agreement.

    

    
      
        
          
          

        

        
          Stock
            Purchase Agreement - Page 20

          
            

          

        

        
          
          

        

      

    

     

    Section
      9.15    Exhibits Not
      Attached.  Any exhibits not attached hereto on the date of
      execution of this Agreement shall be deemed to be and shall become a part of
      this Agreement as if executed on the date hereof upon each of the parties
      initialing and dating each such exhibit, upon their respective acceptance of
      its
      terms, conditions and/or form.

    

    [[SIGNATURES
      ON FOLLOWING PAGE]]

    

    
      
        
          
          

        

        
          Stock
            Purchase Agreement - Page 21

          
            

          

        

        
          
          

        

      

    

     

    IN
      WITNESS WHEREOF, the undersigned have executed this Stock Purchase Agreement
      to
      become effective as of the date first set forth above.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              	 	RICK’S
                                      CABARET INTERNATIONAL, INC.
	 	 	 
	 	 	 
	 	/s/
                                      Eric Langan
	 	By:  Eric
                                      Langan, President/CEO
	 	 	 
	 	
                                      Date:

                                    	April
                                      23, 2007
	 	 	 
	 	 	 
	 	BLP
                                      HOLDINGS, LLC
	 	 	 
	 	 	 
	 	/s/
                                      Brian L. Paul
	 	By:  Brian
                                      L. Paul, Manager
	 	 	 
	 	
                                      Date:

                                    	April
                                      23, 2007
	 	 	 
	 	 	 
	 	WKC,
                                      INC.
	 	 	 
	 	 	 
	 	/s/
                                      Brian Paul
	 	By:  Brian
                                      Paul, President
	 	 	 
	 	
                                      Date:

                                    	April
                                      23, 2007
	 	 	 
	 	 	 
	 	BRIAN
                                      PAUL
	 	 	 
	 	 	 
	 	/s/
                                      Brian Paul
	 	Brian
                                      Paul, Individually and
	 	Sole
                                      Member and Sole Manager of.
	 	BLP
                                      Holdings,
                                      LLC

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
 

    Stock
      Purchase Agreement - Page 22

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