Document:

PROMISSORY NOTE
                                ----------------

DATE:                         August  24,  2006

BORROWER:                     RCI Holdings, Inc., a Texas corporation.

BORROWER'S MAILING ADDRESS:   10959 Cutten Road
                              Houston, Harris County, Texas 77066

LENDER:                       SK & BB Holdings, L.P., a Texas limited
                              partnership.

PLACE FOR PAYMENT:            9010 N. IH 35, Suite 112
                              Austin, Travis County, Texas 78753

                              or  any  other  place that Lender may designate in
                              writing

PRINCIPAL AMOUNT:             Two  Hundred  Thousand  and  No/100  Dollars
                              ($200,000.00)

ANNUAL INTEREST RATE:         Twelve Percent (12%)

MATURITY DATE:                February  __,  2007

ANNUAL INTEREST RATE ON
MATURED, UNPAID AMOUNTS:      Highest Rate Permitted by Law

TERMS OF PAYMENT
(PRINCIPAL AND INTEREST):     This  Note  shall be due and payable INTEREST ONLY
                              monthly, with the first interest payment being due
                              and  payable on September __, 2006, and subsequent
                              interest  only  payments  being due and payable on
                              the  same  day  of  each  successive  month, until
                              February  __,  2007,  when  the  entire  unpaid
                              principal  balance and all unpaid accrued interest
                              owing,  together  with all other fees and charges,
                              if  any,  will  be  due  and  payable  in  full.

PREPAYMENT:                   Borrower may prepay this Note in any amount at any
                              time  before  the Maturity Date without penalty or
                              premium.

SECURITY FOR PAYMENT:         This  Note  is  secured  by  a  vendor's  lien and
                              superior  title  retained  in  a deed from SK & BB
                              Holdings, L.P. to Borrower of even date hereof and
                              by  a  deed  of trust of even date hereof from RCI
                              Holdings,  Inc.  to  Hector  H. Cardenas, trustee,
                              both  of  which cover the following real property:

                              TRACT 1:     Lots 12 and 13, New City Block 16112,
                              WEIDNER  ROAD  BUSINESS  PARK  SUBDIVISION,  a
                              subdivision  in  the  City  of  San Antonio, Bexar
                              County,  Texas,  according  to  the  plat  thereof
                              recorded  in  Volume  6900,  Page(s) 214, Deed and
                              Plat  Records  of  Bexar  County,  Texas.

                             Promissory Note Page 1

                                          Initialed for Identification:
                                                                       ---------
<PAGE>
                              TRACT  2:     Easement  Estate  created  in  that
                              certain  Reciprocal  Parking  Agreement  dated
                              February  21,  2003, recorded in Volume 9842, Page
                              1395  of  the  Official  Public  Records  of  Real
                              Property  of  Bexar County, Texas, over and across
                              Lot  16,  Block  1,  New City Block 1645C, locally
                              described  as  5351-5355  Brewster.

OTHER SECURITY FOR PAYMENT:   None

PRIOR NOTE:                   The  lien securing this Note is subordinate to the
                              lien  securing  payment of the unpaid balance of a
                              prior note in the original principal amount of Six
                              Hundred Thousand and No/100 Dollars ($600,000.00),
                              dated  as  of September 30, 2004, executed by SK &
                              BB  Holdings,  L.P.,  payable  to the order of The
                              Griffin  Family  Trust Under the Will of Gordon M.
                              Griffin,  Deceased,  and  The Griffin Family Trust
                              Under  the  Will  of  Irma  H.  Griffin, Deceased,
                              described  in  and  secured by a vendor's lien and
                              deed of trust recorded in Vol. ____, Page ____, of
                              the  real  property records of Bexar County, Texas
                              (the  "Prior  Note"),  which  Prior  Note has been
                              modified  and  extended  as  of  even date hereof.

                              Borrower has assumed payment of the Prior Note and
                              the instruments securing same, but Lender is still
                              obligated  to  pay  it  according  to  its  terms.

CROSS DEFAULT/PRIOR NOTE/
$1,700,000.00 NOTE:           Contemporaneously  herewith  in  a  related
                              transaction,  RCI  Debit  Services,  Inc.,  an
                              affiliate  of  Borrower  ("RCI"), is executing one
                              certain  promissory note in the original principal
                              amount  of  One Million Seven Hundred Thousand and
                              No/100 Dollars ($1,700,000.00), dated of even date
                              hereof,  payable  to  the order of Behzad Bahrami,
                              Shahrzad  Bahrami,  Spiridon Karamalegos, Antonios
                              A.  Petropoulos,  Nicolas  Karaolis,  Jesse  G.
                              Candelas and Eleftherios Karamalegos, described in
                              and  secured  by  a  Deed  of  Trust,  a  Security
                              Agreement  (Stock)  and  a  Security  Agreement
                              (Assets)  (the  "$1,700,000.00  Note").

                              If  Borrower defaults in payment of the Prior Note
                              or  in  any  instruments  securing same and/or RCI
                              defaults  in  payment of the $1,700,000.00 Note or
                              in any instruments securing same, and such default
                              is  not  cured  within  the  time  period  therein
                              provided,  if  any, Lender may declare an event of
                              default  herein to the same extent as if this Note
                              has  become  in  default.

                              The  subordinate  lien  securing this Note is also
                              provided  for  in  the  special warranty deed with
                              vendor's  lien  and deed of trust described above,
                              which  this  Note  incorporates and is subject to.

     Borrower  promises  to pay to the order of Lender the Principal Amount plus
interest  at  the  Annual  Interest Rate.  This Note is payable at the Place for
Payment  and  according  to the Terms of Payment.  All unpaid amounts are due by
the  Maturity  Date.  After  maturity,  Borrower  promises  to  pay  any  unpaid
principal  balance  plus interest at the Annual Interest Rate on Matured, Unpaid
Amounts.

                             Promissory Note Page 2

                                          Initialed for Identification:
                                                                       ---------
<PAGE>
     If  Borrower  defaults in the payment of this Note or in the performance of
any obligation in any instrument securing or collateral to this Note, Lender may
declare  the  unpaid  principal  balance, earned interest, and any other amounts
owed  on  the Note immediately due.  Notwithstanding any other provision of this
Note,  in  the  event  of  a default, before exercising any of Lender's remedies
under  this  Note  or  any  deed  of  trust  or warranty deed with vendor's lien
securing  or collateral to it, Lender will first give Borrower written notice of
default  and  Borrower will have ten days after notice is given in which to cure
the  default.  If  the  default is not cured ten days after notice, Borrower and
each  surety, endorser, and guarantor waive all demand for payment, presentation
for  payment, notice of intention to accelerate maturity, notice of acceleration
of  maturity,  protest,  and  notice of protest, to the extent permitted by law.

     Borrower  also  promises  to  pay  reasonable attorney's fees and court and
other  costs  if  this  Note is placed in the hands of an attorney to collect or
enforce the Note.  These expenses will bear interest from the date of advance at
the  Annual  Interest Rate on Matured, Unpaid Amounts.  Borrower will pay Lender
these  expenses and interest on demand at the Place for Payment.  These expenses
and  interest  will  become  part  of the debt evidenced by the Note and will be
secured  by  any  security  for  payment.

     Interest  on  the  debt  evidenced by this Note will not exceed the maximum
rate  or  amount  of  nonusurious  interest  that  may be contracted for, taken,
reserved,  charged,  or  received  under  law.  Any  interest  in excess of that
maximum  amount  will  be  credited on the Principal Amount or, if the Principal
Amount  has  been  paid, refunded.  On any acceleration or required or permitted
prepayment,  any  excess  interest  will  be  canceled  automatically  as of the
acceleration  or  prepayment  or,  if the excess interest has already been paid,
credited  on  the  Principal  Amount  or, if the Principal Amount has been paid,
refunded.  This  provision overrides any conflicting provisions in this Note and
all  other  instruments  concerning  the  debt.

     Each  Borrower is responsible for all obligations represented by this Note.
When  the  context  requires,  singular  nouns  and pronouns include the plural.

     A  default  exists  under  this  Note  if (1) (a) Borrower or (b) any other
person liable on any part of this Note or who grants a lien or security interest
on  property  as security for any part of this Note (an "Other Obligated Party")
fails  to  timely  pay  or  perform  any  obligation  or covenant in any written
agreement  between  Lender  and  Borrower  or any Other Obligated Party; (2) any
warranty,  covenant,  or  representation  in  this  Note or in any other written
agreement between Lender and Borrower or any Other Obligated Party is materially
false  when  made; (3) a receiver is appointed for Borrower, any Other Obligated
Party,  or  any  property  on  which  a  lien or security interest is created as
security  (the  "Collateral  Security")  for  any  part  of  this  Note; (4) any
Collateral  Security  is assigned for the benefit of creditors; (5) a bankruptcy
or  insolvency  proceeding  is  commenced  by  Borrower,  a partnership of which
Borrower is a general partner, or an Other Obligated Party; (6) (a) a bankruptcy
or  insolvency  proceeding is commenced against Borrower, a partnership of which
Borrower  is  a  general  partner,  or  an  Other  Obligated  Party  and (b) the
proceeding  continues  without  dismissal for sixty days, the party against whom
the  proceeding  is  commenced  admits  the material allegations of the petition
against  it, or an order for relief is entered; (7) any of the following parties
is  dissolved,  begins to wind up its affairs, is authorized to dissolve or wind
up  its  affairs  by  its  governing  body  or  persons,  or any event occurs or
condition  exists  that  permits the dissolution or winding up of the affairs of
any  of  the  following  parties: Borrower, a partnership of which Borrower is a
general partner, or an Other Obligated Party; and (8) any Collateral Security is
impaired  by  loss,  theft,  damage, levy and execution, issuance of an official
writ  or  order  of seizure, or destruction, unless it is promptly replaced with
collateral  security  of  like  kind  and  quality  or  restored  to  its former
condition.

                             Promissory Note Page 3

                                          Initialed for Identification:
                                                                       ---------
<PAGE>
     If  any  provision  of  this  Note  conflicts  with any provision of a loan
agreement,  deed of trust, or security agreement of the same transaction between
Lender  and  Borrower,  the  provisions  of the deed of trust will govern to the
extent  of  the  conflict.

     This  Note  will be construed under the laws of the state of Texas, without
regard  to  choice-of-law  rules  of  any  jurisdiction.

     THIS NOTE REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENT
OF  THE  PARTIES.

     THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

                                       RCI HOLDINGS, INC., a Texas corporation

                                       By: /s/ Eric Langan
                                          --------------------------------------
                                               Eric Langan, President

                             Promissory Note Page 4MODIFICATION AND EXTENSION AGREEMENT
                      ------------------------------------

DATE:                         August  24,  2006

HOLDER OF NOTE AND LIEN/
LENDER:                       The  Griffin Family Trust Under the Will of Gordon
                              M. Griffin, Deceased, and The Griffin Family Trust
                              Under  the  Will  of  Irma  H.  Griffin,  Deceased

HOLDER'S MAILING ADDRESS:     c/o Gordon M. Griffin, Jr.
                              2800  Northwood
                              Austin, Travis County, Texas 78703

OBLIGOR:                      RCI Holdings, Inc., a Texas corporation

OBLIGOR'S MAILING ADDRESS:    10959 Cutten Road
                              Houston, Harris County, Texas 77066

ORIGINAL OBLIGOR:             SK  &  BB  Holdings,  L.P.,  a  Texas  limited
                              partnership

ORIGINAL OBLIGOR'S
MAILING ADDRESS:              9010 N. IH 35, Suite 112
                              Austin, Travis County, Texas 78753

GUARANTOR:                    Rick's  Cabaret  International,  Inc.,  a  Texas
                              corporation

NOTE

     DATE:                         September 30, 2004

     ORIGINAL PRINCIPAL AMOUNT:    $600,000.00

     BORROWER:                     SK  &  BB  Holdings,  L.P.,  a  Texas limited
                                   partnership

     LENDER:                       The  Griffin  Family  Trust  Under  the  Will
                                   of  Gordon  M.  Griffin,  Deceased,  and  The
                                   Griffin  Family  Trust Under the Will of Irma
                                   H.  Griffin,  Deceased

     MATURITY DATE:                September 30, 2006

     The Note is incorporate herein as if written herein verbatim.

UNPAID PRINCIPAL AND
INTEREST ON NOTE:             Four  Hundred  Thousand  and  No/100  Dollars
                              ($400,000.00),  after  a  Two Hundred Thousand and
                              No/100  Dollars  ($200,000.00)  payment
                              contemporaneously  herewith

LIEN  DOCUMENTS:              Vendor's  Lien  in  Deed,  Deed of Trust (Security
                              Agreement,  Assignment  of  Leases,  Assignment of
                              Rents  and  Financing  Statement), and third party
                              Security  Agreement

                  Modification and Extension Agreement Page 1
<PAGE>
PROPERTY (INCLUDING
ANY IMPROVEMENTS):            TRACT 1:     Lots 12 and 13, New City Block 16112,
                              WEIDNER  ROAD  BUSINESS  PARK  SUBDIVISION,  a
                              subdivision  in  the  City  of  San Antonio, Bexar
                              County,  Texas,  according  to  the  plat  thereof
                              recorded  in  Volume  6900,  Page(s) 214, Deed and
                              Plat  Records  of  Bexar  County,  Texas.

                              TRACT  2:     Easement  Estate  created  in  that
                              certain  Reciprocal  Parking  Agreement  dated
                              February  21,  2003, recorded in Volume 9842, Page
                              1395  of  the  Official  Public  Records  of  Real
                              Property  of  Bexar County, Texas, over and across
                              Lot  16,  Block  1,  New City Block 1645C, locally
                              described  as  5351-5355  Brewster.

EXTENDED MATURITY DATE
OF NOTE/EXTENDED TERM:   March 31, 2007

MODIFIED TERMS:          (1)  Contemporaneously  herewith,  the  Obligor  has
                              paid down on the original principal amount so that
                              the current principal amount as of the date hereof
                              is  $400,000.00.

                         (2)  The Maturity  Date  of  the  Note  has  been
                              extended  to  on  or  before  March  31, 2007 (the
                              Extended  Maturity  Date  of  Note).

                         (3)  The Obligor  has  assumed  the  obligations
                              contained  in  the  Note  and  the  Lien Documents
                              securing  the  Note.

                         (4)  During  the  Extended  Term  there  shall  be  no
                              prepayment of the Note in whole or in part, except
                              that  the  Note may be prepaid in full only at any
                              time  from  March  26,  2007  until  the  Extended
                              Maturity  Date.

                         (5)  The Obligor's  assumed  obligations  under  the
                              Note  and  the Lien Documents securing the Note is
                              unconditionally  guaranteed  by  Rick's  Cabaret
                              International,  Inc.  by  separate  guaranty.

                         (6)  The Lender  does  hereby  allow  inferior  liens
                              against the Property so long as the Lender's liens
                              are superior to any other liens placed against the
                              Property.

ADDITIONAL TERMS:        (1)  The existing  collateral  securing  the  Note
                              shall  remain  in  full  force  and effect and not
                              affected  by  this  Modification  and  Extension
                              Agreement  (this  "Agreement").

                         (2)  Lender  as  the  Owner  and  Holder  of  the  Note
                              and  Liens  does  hereby  agree and consent to the
                              transfer  of  assets  from the Original Obligor to
                              the  Obligor  and  additionally  consents  to  the
                              assumption  of  the  Note  by  the  Obligor.

                  Modification and Extension Agreement Page 2
<PAGE>
                         (3)  Notwithstanding  the  foregoing  contained  in
                              item  2  above,  the  Original  Obligor  and  all
                              original  guarantors shall remain fully liable for
                              all  of  the  obligations contained in the Note as
                              modified herein and in the Lien Documents securing
                              the  Note.

     The  Note  is  secured  by  liens against the Property.  Whether Obligor is
primarily liable on the Note or not, Obligor nevertheless agrees to pay the Note
and  comply  with  the  obligations  expressed  in  the Lien Documents. Original
Obligor  shall  remain  liable  on  the Note and the Lien Documents securing the
Note.

     For  value  received,  Obligor  renews  the Note and promises to pay to the
order  of  Lender,  according  to  the  Modified Terms, the Unpaid Principal and
Interest  on  Note.  All unpaid amounts are due by the Extended Maturity Date of
Note.  Obligor  also  extends  the  liens  described  in  the  Lien  Documents.

     The  Note and the Lien Documents continue as written, except as provided in
this  Agreement.

     Obligor  warrants  to  Holder  of  Note and Lien that the Note and the Lien
Documents,  as  modified, are valid and enforceable and represents that they are
not  subject  to  rights  of  offset,  rescission,  or  other  claims.

     This  Agreement  may  be  executed  in multiple counterparts, each of which
shall  be  deemed an original but all of which shall constitute one and the same
instrument.

     When  the context requires, singular nouns and pronouns include the plural.

                                        OBLIGOR:

                                        RCI HOLDINGS, INC.

                                        By: /s/ Eric Langan
                                           -------------------------------------
                                                Eric Langan, President

                                        ORIGINAL OBLIGOR:

                                        SK & BB HOLDINGS, L.P.,
                                        a Texas limited partnership

                                        By:     SK & BB-GP, LLC,
                                                a Texas limited liability
                                                company, its General Partner

                                        By:     /s/ Spiridon E. Karamalegos
                                                --------------------------------
                                                Spiridon E. Karamalegos, Manager

                                        By:     /s/ Behzad Bahrami
                                                --------------------------------
                                                Behzad Bahrami, Manager

                  Modification and Extension Agreement Page 3
<PAGE>
                                        LENDER:

                                        THE  GRIFFIN  FAMILY  TRUST  UNDER  THE
                                        WILL OF GORDON M. GRIFFIN, DECEASED, AND
                                        THE  GRIFFIN FAMILY TRUST UNDER THE WILL
                                        OF  IRMA  H.  GRIFFIN,  DECEASED

                                        By:     /s/ Gordon M. Griffin, Jr.
                                                --------------------------------
                                                Gordon M. Griffin, Jr., Trustee

STATE OF TEXAS                Sec.
                              Sec.
COUNTY OF                     Sec.
          ---------------

     This  instrument  was  acknowledged  before  me on the _____ day of August,
2006,  by  Gordon M. Griffin, Jr., Trustee of The Griffin Family Trust Under the
Will of Gordon M. Griffin, Deceased, and The Griffin Family Trust Under the Will
of  Irma  H.  Griffin,  Deceased.

                                         ---------------------------------------
                                         NOTARY PUBLIC, STATE OF TEXAS

                  Modification and Extension Agreement Page 4
<PAGE>
STATE OF TEXAS                Sec.
                              Sec.
COUNTY OF                     Sec.
          ---------------

     This  instrument  was  acknowledged  before  me on the _____ day of August,
2006,  by  Eric Langan, President of RCI Holdings, Inc., a Texas corporation, on
behalf  of  said  corporation.

                                         ---------------------------------------
                                         NOTARY PUBLIC, STATE OF TEXAS

STATE OF TEXAS                Sec.
                              Sec.
COUNTY OF                     Sec.
          ---------------

     This  instrument  was  acknowledged  before  me on the _____ day of August,
2006,  by  Spiridon  E. Karamalegos, Manager of SK & BB-GP, LLC, a Texas limited
liability company, General Partner, on behalf of SK & BB Holdings, L.P., a Texas
limited  partnership.

                                         ---------------------------------------
                                         NOTARY PUBLIC, STATE OF TEXAS

STATE OF TEXAS                Sec.
                              Sec.
COUNTY OF                     Sec.
          ---------------

     This  instrument  was  acknowledged  before  me on the _____ day of August,
2006,  by  Behzad Bahrami, Manager of SK & BB-GP, LLC, a Texas limited liability
company,  General  Partner, on behalf of SK & BB Holdings, L.P., a Texas limited
partnership.

                                         ---------------------------------------
                                         NOTARY PUBLIC, STATE OF TEXAS

AFTER RECORDING RETURN TO:

Thomas D. Fritz
Fritz, Byrne, Head & Harrison, LLP
98 San Jacinto Blvd., Suite 2000
Austin, TX 78701-4039

                  Modification and Extension Agreement Page 5

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