Document:

ex103.htm

    SECOND
AMENDMENT TO MINERAL RIGHT OPTION AGREEMENT

    

    This Second Amendment to the Mineral
Right Option Agreement (the “Second Amendment”) is made and entered into as of
the 3rd day of February, 2010, by and between Temasek Investments
Inc.,  a company duly incorporated and organized under the laws of
Panama (hereinafter referred to as “Optionor”), and Amazon Goldsands Ltd., a
company duly incorporated and organized under the laws of Nevada, United States
of America (hereinafter referred to as “Optionee”).

    

    R E C I T A L S :

    

    A.             Optionor
and Optionee have previously entered into the Mineral Right Option Agreement,
dated September 18, 2008, as amended May 12, 2009, under the terms of which
Optionor granted to Optionee four exclusive options to acquire the mineral
rights to certain properties located in Peru (the “Agreement”); and

    

    B.             The
parties desire to amend the Agreement as set forth herein with the same force
and effect as if such amendments were incorporated into the Agreement as
originally executed.

    

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

    

    1.             Capitalized
Terms.  Capitalized terms not otherwise defined herein have the
meanings set forth in the Agreement.

    

    2.             Purchase and Sale of Shares;
Purchase Price.

     

    (a)  Section
2.2(b) of the Agreement is deleted in its entirety, and the following is
substituted in replacement:

     

    (b)           50%
Option

     

    Subject
to the prior and due and complete exercise by the Optionee of the 25% Option in
accordance with the paragraph before, the Optionee may exercise the second
twenty-five percent (25%) option to acquire an additional 25% interest in the
Mineral Rights, in accordance with the terms set out below (hereinafter, the
“50% Option”).

     

    In order
to exercise the 50% Option,  the Optionee shall within 30 days of the
effective date of this Second Amendment:

     

    (i) have
exercised and completed the 25% Option; and

     

    (ii) pay
$ 750,000 (United States Dollars Seven Hundred and Fifty Thousand) to the order
and the direction of the Optionor; and

     

    (iii)
issue 3,500,000 Optionee Shares to the order and the direction of the Optionor,
or whoever persons the Optionor indicates (which shares were issued in June
2009).

     

    
      
         

      

      
        - 1
-

        
          

        

      

      
         

      

    

     

     

    For the
purposes of this Agreement the Optionee is deemed to have fully exercised the
50% Option only once all three obligations described above in points (i), (ii)
and (iii) have been completed.

     

    Upon
exercise of the 50% Option by the Optionee, the Optionor will immediately
proceed to transfer to Optionee, or to the person the Optionee indicates, an
additional 25% of all the outstanding shareholding in BEARDMORE.

    

    (b)  Section 2.2(c) of the
Agreement is deleted in its entirety, and the following is substituted in
replacement:

     

    (c)           75%
Option

     

    Subject
to the prior and due and complete exercise by the Optionee of the 50% Option in
accordance with the paragraph before, the Optionee may exercise the third
twenty-five percent (25%) option to acquire an additional 25% interest in the
Mineral Rights, in accordance with the terms set out below (hereinafter, the
“75% Option”).

     

    In order
to exercise the 75% Option, the Optionee shall fulfill the following
conditions:

     

    (i) have
exercised and completed the 50% Option; and

     

    (ii) pay
$ 250,000 (United States Dollars Two Hundred and Fifty Thousand) to the order
and the direction of the Optionor within 30 days of the effective date of this
Second Amendment;

     

    (iii) pay
$ 1,000,000 (United States Dollars One Million) to the order and the direction
of the Optionor by March 18, 2010, which is within eighteen months of the
Effective Date (September 18, 2008); and

     

    (iv)
issue 5,000,000 Optionee Shares to the order and the direction of the Optionor,
or whoever persons the Optionor indicates.

     

    For the
purposes of this Agreement the Optionee is deemed to have fully exercised the
75% Option only once all three obligations described above in points (i), (ii)
and (iii) have been completed.

     

    Upon
exercise of the 75% Option by the Optionee, the Optionor will immediately
proceed to transfer to Optionee, or to the person the Optionee indicates, an
additional 25% of all the outstanding shareholding in BEARDMORE.

    

    3.             Waiver of Prior Breach
and/or Default.  Optionor hereby waives any prior breach or
default of this Agreement by Optionee.

    
      
         

      

      
        - 2
-

        
          

        

      

      
         

      

    

    

    4.             No Other
Changes.  Except for the changes set forth in this Second
Amendment, there are no changes made by this Second Amendment to the
Agreement.  In the event that any terms, provisions or conditions of
this Amendment shall conflict with the terms, provisions and conditions of the
Agreement, the terms, provisions and conditions of this Second Amendment shall
govern and control.

    

    5.             Incorporation of
Amendment.  The parties hereby agree that: (a) this Second
Amendment is incorporated into and made a part of the Agreement; (b) any and all
references to the Agreement shall include this Second Amendment; and (c) the
Agreement and all terms, conditions and provisions of the Agreement are in full
force and effect as of the date hereof, except as expressly modified and amended
hereinabove.

    

    6.             Counterparts.  This
Second Amendment may be executed in any number of counterparts and by each of
the undersigned on separate counterparts, and each such counterpart shall be
deemed to be an original, but all such counterparts taken together shall
constitute but one and the same instrument.

    

    7.             Governing
Law.  This Second Amendment shall, in all respect, be governed,
construed, and enforced in accordance with the laws of the State of
Nevada.

     

     

     

     

     

    

    

    [signature
page follows]

    

    

    
      
         

      

      
        - 3
-

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties have caused this Second Amendment to be effective
as of the date first set forth above.

     

    Temasek Investments,
Inc.

     

     

    By: /s/ Jose E.
Silva                                                        

                Jose
E. Silva

    Its:     
President

     

    Amazon
Goldsands Ltd.

     

    By: /s/ Kenneth
Phillippe                                                

               
Kenneth Phillippe

    Its:

    

     

     

    
 

    
      
         

      

      
        - 4
-ex10_1.htm

    
      
Exhibit 10.1

     

    
      EMPLOYMENT
AGREEMENT

      

      This
Employment Agreement (the "Agreement"), entered into as of the 1st day of
February 2010, by and between RICK'S CABARET INTERNATIONAL,
INC., a Texas corporation (the "Company"), and TRAVIS REESE, an individual
("Executive").

      

      W
I T N E S S E T H:

      

      WHEREAS,
Company desires to employ Executive as provided herein; and

      

      WHEREAS,
Executive desires to accept such employment.

      

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

      

      1.             
Employment. Company
hereby employs Executive and Executive hereby accepts employment with Company
upon the terms and conditions hereinafter set forth.

      

      2.             
Duties. Subject to the
power of the Board of Directors of Company to elect and remove officers,
Executive will serve the Company as its Executive Vice President, Director of
Technology and will faithfully and diligently perform the services and
functions relating to such office or otherwise reasonably incident to such
office, provided that all such services and functions will be reasonable and
within Executive's area of expertise. Executive will, during the term of this
Agreement (or any extension thereof), devote his full business time, attention
and skills and best efforts to the promotion of the business of Company. The
foregoing will not be construed as preventing Executive from making investments
in other businesses or enterprises provided that (a) Executive agrees not to
become engaged in any other business activity that interferes with his ability
to discharge his duties and responsibilities to Company and (b) Executive does
not violate any other provision of this Agreement.

      

      3.            
Term. Subject to the
terms and conditions hereof, the term of employment of Executive will commence
as of the date hereof (the "Commencement Date") and will end on that date in the
year 2012, unless earlier terminated by either party pursuant to the terms
hereof. The term of this Agreement is referred to herein as the
"Term."

      

      4.             
Compensation and Benefits During the Employment Term.

      

      
        	
              	
                (a)

              	
                Salary. Commencing upon
      the date of this Agreement, Executive will be paid an annual base salary
      of $200,000.00, payable bi-weekly (the "Salary"). At any time, and from
      time to time the Salary may be increased for the remaining portion of the
      term if so determined by the Board of Directors of Company after a review
      of Executive's performance of his duties
  hereunder.

              

      

      

      
        	
              	
                (b)

              	
                Bonus. At the sole
      discretion of the Board of Directors of Company, it may from time to time
      grant performance bonuses to
Executive.

              

      

      
        
          
          

        

        
          Employment
Agreement - Page 1

          
            

          

        

        
          
          

        

      

      
        	
              	
                (c)

              	
                Expenses. Upon
      submission of a detailed statement and reasonable documentation, Company
      will reimburse Executive in the same manner as other executive officers
      for all reasonable and necessary or appropriate out-of-pocket travel and
      other expenses incurred by Executive in rendering services required under
      this Agreement.

              

      

      

      
        	
              	
                (d)

              	
                Benefits;
      Insurance.

              

      

      

      
        
          	
                	
                  (i)

                	
                  Medical, Dental and
      Vision Benefits. During this Agreement, Executive and his
      dependents will be entitled to receive such group medical, dental and
      vision benefits as Company may provide to its other executives, provided
      such coverage is reasonably available, or be reimbursed if Executive is
      carrying his own similar
insurance.

                

        

      

      

      
        
          	
                	
                  (ii)

                	
                  Benefit Plans.
      The Executive will be entitled to participate in any benefit plan or
      program of the Company which may currently be in place or implemented in
      the future.

                

        

      

      

      
        
          	
                	
                  (iii)

                	
                  Other Benefits.
      During the Term, Executive will be entitled to receive, in addition to and
      not in lieu of base salary, bonus or other compensation, such other
      benefits and normal perquisites as Company currently provides or such
      additional benefits as Company may provide for its executive officers in
      the future.

                

        

      

      

      
        
          	
                	
                  (e)

                	
                  Vacation. Executive
      will be entitled to two weeks paid vacation each year of this
      Agreement.

                

        

      

      

      
        	
              	
                5.

              	
                Confidentiality,
      Intellectual Property and Non-Competition.

              

      

      

      
        	
              	
                (a)

              	
                Confidentiality. In the
      course of the performance of Executive's duties hereunder, Executive
      recognizes and acknowledges that Executive may have access to certain
      confidential and proprietary information of Company or any of its
      affiliates. Without the prior written consent of Company, Executive shall
      not disclose any such confidential or proprietary information to any
      person or firm, corporation, association, or other entity for any reason
      or purpose whatsoever, and shall not use such information, directly or
      indirectly, for Executive's own behalf or on behalf of any other party.
      Executive agrees and affirms that all such information is the sole
      property of Company and that at the termination and/or expiration of this
      Agreement, at Company's written request, Executive shall promptly return
      to Company any and all such information so requested by
      Company.

              

      

      

      The
provisions of this Section 5 shall not, however, prohibit Executive from
disclosing to others or using in any manner information that:

      

      
        	
              	
                (i)

              	
                has
      been published or has become part of the public domain other than by acts,
      omissions or fault of
Executive;

              

      

      
        
          
          

        

        
          Employment
Agreement - Page 2

          
            

          

        

        
          
          

        

      

      
        	
              	
                (ii)

              	
                has
      been furnished or made known to Executive by third parties (other than
      those acting directly or indirectly for or on behalf of Executive) as a
      matter of legal right without restriction on its use or
      disclosure;

              

      

      

      
        	
              	
                (iii)

              	
                was
      in the possession of Executive prior to obtaining such information from
      Company in connection with the performance of this Agreement;
      or

              

      

      

      
        	
              	
                (iv)

              	
                is
      required to be disclosed by law.

              

      

      

      
        	
              	
                (b)

              	
                Intellectual Property.
      It is agreed by the Company and the Executive that all intellectual
      property rights and other intangible assets, including, without
      limitation, computer code, tradenames, trademarks, servicemarks, corporate
      names, logos and any existence or possible combination or derivation of
      any and all of the same and any code created by Executive during the term
      of this Agreement shall remain the sole property of the
      Company.

              

      

      

      
        	
              	
                (c)

              	
                Non-Competition.
      Executive agrees that he will not, for himself, on behalf of, or in
      conjunction with any person, firm, corporation or entity, either as
      principal, employee, shareholder, member, director, partner, consultant,
      owner or part-owner of any corporation, partnership or any other type of
      business entity, directly or indirectly, own, manage, operate, control, be
      employed by, participate in, or be connected in any manner with the
      ownership, management, operation, or control of (i) any establishment
      which has live female nude or semi-nude entertainment or is in any
      business similar to or competitive with the female entertainment business
      presently conducted by the Company anywhere in the United States within 50
      miles of any female entertainment business of the Company or any female
      entertainment business of the Company under construction, under contract,
      in development or leased by or to the Company, or (ii) any company that
      engages in Internet websites for the adult entertainment industry or any
      other Internet related activities similar to or competitive with those
      presently conducted by the Company for a period of two years (the
      “Non-Compete Period”) from the termination of this Agreement. However, in
      the event of the termination of Executive's employment pursuant to Section
      7(e) or 7(f), the Non-Compete Period shall be six
  months.

              

      

      

      Executive
agrees not to hire, solicit or attempt to solicit for employment by Executive or
any company to which he may be involved, either directly or indirectly, any
party who is an employee or independent contractor of the Company or any entity
which is affiliated with the Company, or any person who was an employee or
independent contractor of the Company or any entity which is affiliated with the
Company within the two year period immediately following the termination of this
Agreement.

      

      Executive
acknowledges that he has carefully read and considered all provisions of this
Agreement and agrees that:

      
        
          
          

        

        
          Employment
Agreement - Page 3

          
            

          

        

        
          
          

        

      

      
        	
              	
                (i)

              	
                Due
      to the nature of the Company's business, the foregoing covenants place no
      greater restraint upon Executive than is reasonably necessary to protect
      the business and goodwill of the
Company;

              

      

      

      
        	
              	
                (ii)

              	
                These
      covenants protect the legitimate interests of the Company and do not serve
      solely to limit the Company's future
  competition;

              

      

      

      
        	
              	
                (iii)

              	
                This
      Agreement is not an invalid or unreasonable restraint of
      trade;

              

      

      

      
        	
              	
                (iv)

              	
                A
      breach of these covenants by Executive would cause irreparable damage to
      the Company;

              

      

      

      
        	
              	
                (v)

              	
                These
      covenants are reasonable in scope and are reasonably necessary to protect
      the Company's business and goodwill which the Company has established
      through its own expense and effort;
and

              

      

      

      
        	
              	
                (vi)

              	
                The
      signing of this Agreement is necessary as part of the consummation of the
      transactions described in the
preamble.

              

      

      

      6.             
Indemnification. The
Corporation shall to the full extent permitted by law or as set forth in the
Articles of Incorporation and the Bylaws of the Company, indemnify, defend and
hold harmless Executive from and against any and all claims, demands,
liabilities, damages, loses and expenses (including reasonable attorney's fees,
court costs and disbursements) arising out of the performance by him of his
duties hereunder except in the case of his willful misconduct.

      

      7.             
Termination. This
Agreement and the employment relationship created hereby will terminate (i) upon
the death or disability of Executive under Section 7(a) or 7(b); (ii) with cause
under Section 7(c); (iii) without cause by Executive under Section 7(d); (iv)
for good reason under Section 7(e); or (v) without cause by the Company under
Section 7(f).

       

      
      

      
        	
              	
                (a)

              	
                Disability. The Company
      shall have the right to terminate the employment of the Executive under
      this Agreement for disability in the event Executive suffers an injury,
      illness, or incapacity of such character as to substantially disable him
      from performing his duties without reasonable accommodation by the Company
      hereunder for a period of more than one hundred eighty (180) consecutive
      days upon the Company giving at least thirty (30) days written notice of
      termination.

              

      

      

      
        	
              	
                (b)

              	
                Death. This Agreement
      will terminate on the Death of the
Executive.

              

      

      

      
        	
              	
                (c)

              	
                With Cause. The Company
      may terminate this Agreement at any time because of (i) Executive's
      material breach of any term of the Agreement, (ii) the determination by
      the Board of Directors in the exercise of its reasonable judgment that
      Executive has committed an act or acts constituting a felony or other
      crime involving moral turpitude, dishonesty or theft or fraud; or (iii)
      Executive's gross negligence in the performance of his duties hereunder,
      provided, in each case, however, that the Company shall not terminate this
      Agreement pursuant to this Section 7(c) unless the Company shall first
      have delivered to the Executive, a notice which specifically identifies
      such breach or misconduct and the executive shall not have cured the same
      within fifteen (15) days after receipt of such
  notice.

              

      

      
        
          
          

        

        
          Employment
Agreement - Page 4

          
            

          

        

        
          
          

        

      

      
        	
              	
                (d)

              	
                Without Cause by
      Executive. Executive may terminate this Agreement without
      cause.

              

      

      

      
        	
              	
                (e)

              	
                Good Reason. The
      Executive may terminate his employment for "Good Reason"
    if:

              

      

      

      
        	
              	
                (i)

              	
                he
      is assigned, without his express written consent, any duties materially
      inconsistent with his positions, duties, responsibilities, or status with
      the Company as of the date hereof, or a change in his reporting
      responsibilities or titles as in effect as of the date hereof; provided,
      however, that Executive must provide the Company with written notice of
      his dispute of such re-assignment of duties or change in his reporting
      responsibilities under this Section 7(e)(i) and give the Company
      opportunity to cure such inconsistency. If such dispute is not resolved
      within thirty (30) days, the Company shall submit such dispute to
      arbitration under Section 14.

              

      

      

      
        	
              	
                (ii)

              	
                his
      compensation is reduced;

              

      

      

      
        	
              	
                (iii)

              	
                the
      Company does not pay any material amount of compensation due hereunder and
      then fails either to pay such amount within the ten (10) day notice period
      required for termination hereunder or to contest in good faith such
      notice. Further, if such contest is not resolved within thirty (30) days,
      the Company shall submit such dispute to arbitration under Section
      14.

              

      

      

      
        	
              	
                (f)

              	
                Without Cause by the
      Company. The Company may terminate this Agreement without
      cause.

              

      

      

      
        	
              	
                8.

              	
                Obligations of Company upon
      Termination.

              

      

      

      
        	
              	
                (a)

              	
                In
      the event of the termination of Executive's employment pursuant to Section
      7 (a), (b), (c) or (d), Executive will be entitled only to the
      compensation earned by him hereunder as of the date of such termination
      (plus life insurance or disability benefits if applicable and provided for
      pursuant to Section 4(c)).

              

      

      

      
        	
              	
                (b)

              	
                In
      the event of the termination of Executive’s employment pursuant to Section
      7 (e) or (f), Executive will be entitled to receive in one lump sum
      payment the full remaining amount under the Term of this Agreement to
      which he would have been entitled had this Agreement not been
      terminated.

              

      

      

      9.            
Waiver of Breach. The
waiver by any party hereto of a breach of any provision of this Agreement will
not operate or be construed as a waiver of any subsequent breach by any
party.

      
        
          
          

        

        
          Employment
Agreement - Page 5

          
            

          

        

        
          
          

        

      

      10.          
Costs. If any action at
law or in equity is necessary to enforce or interpret the terms of this
Agreement, the prevailing party will be entitled to reasonable attorney's fees,
costs and necessary disbursements in addition to any other relief to which he or
it may be entitled.

      

      11.          
Notices. Any notices,
consents, demands, requests, approvals and other communications to be given
under this Agreement by either party to the other will be deemed to have been
duly given if given in writing and personally delivered or within two days if
sent by mail, registered or certified, postage prepaid with return receipt
requested, as follows:

      

      
        	
              	
                If
      to Company:

              	
                Rick's
      Cabaret International, Inc.

              

      

      10959
Cutten Road

      Houston,
Texas 77066

      Attention:
Eric Langan, President

      

      
        	
              	
                If
      to Executive:

              	
                Travis
      Reese

              

      

      16014
Stablepoint Lane

      Cypress,
Texas 77429

      

      Notices
delivered personally will be deemed communicated as of actual
receipt.

      

      12.           
Entire Agreement. This
Agreement and the agreements contemplated hereby constitute the entire agreement
of the parties regarding the subject matter hereof, and supersede all prior
agreements and understanding, both written and oral, among the parties, or any
of them, with respect to the subject matter hereof.

      

      13.           
Severability. If any
provision of this Agreement is held to be illegal, invalid or unenforceable
under present or future laws effective during this Agreement, such provision
will be fully severable and this Agreement will be construed and enforced as if
such illegal, invalid or unenforceable provision never comprised a part hereof;
and the remaining provisions hereof will remain in full force and effect and
will not be affected by the illegal, invalid or unenforceable provision or by
its severance herefrom. Furthermore, in lieu of such illegal, invalid or
unenforceable provision there will be added automatically as part of this
Agreement a provision as similar in its terms to such illegal, invalid or
unenforceable provision as may be possible and be legal, valid and
enforceable.

      

      14.           
Arbitration. If a
dispute should arise regarding this Agreement the parties agree that all claims,
disputes, controversies, differences or other matters in question arising out of
this relationship shall be settled finally, completely and conclusively by
arbitration in Houston, Texas in accordance with the Commercial Arbitration
Rules of the American Arbitration Association (the "Rules"). The governing law
of this Agreement shall be the substantive law of the State of Texas, without
giving effect to conflict of laws. A decision of the arbitrator shall be final,
conclusive and binding on the Company and Executive. Any arbitration held in
accordance with this paragraph shall be private and confidential and no person
shall be entitled to attend the hearings except the arbitrator, Executive,
Executive's attorneys, a representative of the Company, the Company's attorneys,
and advisors to or witnesses for any party. The matters submitted to
arbitration, the hearings and proceedings and the arbitration award shall be
kept and maintained in the strictest confidence by Executive and the Company and
shall not be discussed, disclosed or communicated to any persons except as may
be required for the preparation of expert testimony. On request of any party,
the record of the proceeding shall be sealed and may not be disclosed except
insofar, and only insofar, as may be necessary to enforce the award of the
arbitrator and any judgment enforcing an award. The prevailing party shall be
entitled to recover reasonable and necessary attorneys' fees and costs from the
non-prevailing party and the determination of such fees and costs and the award
thereof shall be included in the claims to be resolved by the arbitrator
hereunder.

      
        
          
          

        

        
          Employment
Agreement - Page 6

          
            

          

        

        
          
          

        

      

      15.           
Captions. The captions
in this Agreement are for convenience of reference only and will not limit or
otherwise affect any of the terms or provisions hereof.

      

      16.           
Gender and Number. When
the context requires, the gender of all words used herein will include the
masculine, feminine and neuter and the number of all words will include the
singular and plural.

      

      17.           
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.

      

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

      

      
        	 	
                COMPANY:

              
	 	 	 
	 	
                RICK'S
      CABARET INTERNATIONAL, INC.

              
	 	 	 
	 	 	 
	 	
                By:

              	
                /s/ Eric Langan

              
	 	 	
                Eric
      Langan,

              
	 	 	
                President
      and Chief Executive Officer

              
	 	 	 
	 	 	 
	 	
                EXECUTIVE:

              
	 	 	 
	 	 	 
	 	
                By:

              	
                /s/ Travis Reese

              
	 	 	
                Travis
      Reese

              

      

      
      

      
      

      
      

       

       

      Employment Agreement - Page
7

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