Document:

THIS  SECURED  CONVERTIBLE  DEBENTURE  AND  THE  COMMON  SHARES  ISSUABLE  UPON
CONVERSION OF THIS SECURED CONVERTIBLE DEBENTURE  HAVE NOT BEEN REGISTERED UNDER
THE  SECURITIES  ACT  OF 1933, AS AMENDED ("ACT"), OR ANY STATE SECURITIES LAWS.
THIS  SECURED  CONVERTIBLE  DEBENTURE  AND  THE  COMMON  SHARES  ISSUABLE  UPON
CONVERSION  OF  THIS  SECURED CONVERTIBLE DEBENTURE MAY NOT BE SOLD, OFFERED FOR
SALE,  PLEDGED  OR  HYPOTHECATED  IN  THE  ABSENCE  OF AN EFFECTIVE REGISTRATION
STATEMENT  AS  TO  THIS  SECURED  CONVERTIBLE  DEBENTURE  AND  THE COMMON SHARES
ISSUABLE  UPON  CONVERSION OF THIS  SECURED CONVERTIBLE DEBENTURE UNDER SAID ACT
AND  ANY  APPLICABLE  STATE  SECURITIES LAWS OR AN OPINION OF COUNSEL REASONABLY
SATISFACTORY  TO RICKS CABARET INTERNATIONAL, INC. THAT SUCH REGISTRATION IS NOT
REQUIRED.

CERTIFICATE  -RCI-C.D.  NO.  201-A

                          SECURED CONVERTIBLE DEBENTURE
                                       OF
                       RICK'S CABARET INTERNATIONAL, INC.

     FOR VALUE RECEIVED, RICK'S CABARET INTERNATIONAL, INC., a Texas corporation
with  its  principal  office  located at 10959 Cutten Road, Houston, Texas 77066
(the "COMPANY"), unconditionally promises to pay to Ralph McElroy, whose address
is  1211  Choquette,  Austin,  Texas  78757,  or  the  registered assignee, upon
presentation  of  this  Secured  Convertible  Debenture (the "DEBENTURE") by the
registered  holder  hereof  (the  "HOLDER")  at  the  office of the Company, the
principal sum of $660,000.00 (the "PRINCIPAL AMOUNT"), together with any accrued
and  unpaid interest thereon and other sums as hereinafter provided on August 1,
2008  (the  "MATURITY  DATE"),  if  not  sooner  paid.

     This  Secured Convertible Debenture supersedes and replaces in its entirety
the  Secured  Convertible  Debenture  of  the  Company, reflected as Certificate
RCI-C.D.  No.  201,  which  is  hereby  cancelled and voided and of no force and
effect.

     The following terms shall apply to this Debenture:

     1.     PRINCIPAL AND INTEREST.
            ----------------------

     (a)     Interest  on  the  Principal  Amount outstanding hereunder shall be
paid in cash, monthly, in arrears, at the rate of twelve percent (12%) per annum
from  the  date  of  issuance  commencing  with  the  first  monthly payment due
September  1,  2005  and  monthly  payments

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thereafter  due  on  the  first  day of each successive month ("INTEREST PAYMENT
DATE"), to the person in whose name(s) such Debenture is registered at the close
of  business  on  the  15th day immediately preceding such Interest Payment Date
(the  "RECORD  DATE");

     (b)     The  Company  shall  pay to  he Holder the Principal Amount of this
Debenture  and  all  interest accrued thereon, but not yet paid, on the Maturity
Date,  subject  to  any  of  the  events  specified  below:

          (i)     The  Holder  elects  in  his  sole  discretion  to  cause this
Debenture  to  be repaid in thirty (30) equal monthly installments commencing on
the  date  seven (7) months following the date hereof (the "INITIAL AMORTIZATION
DATE")  and to continue for each of the twenty-nine (29) months thereafter until
the outstanding Principal Amount of this Debenture has been paid in full. If the
Holder elects to exercise its option to receive equal monthly installments, then
the  Holder  must deliver written notice to the Company indicating this election
at least thirty (30) days prior to February 22, 2006, which would be the date of
the  Initial  Amortization  Date;

          (ii)     The  Company  in its sole discretion chooses to redeem all or
any  part  of  the  outstanding  Principal  Amount  in accordance with Section 3
hereof;  or

          (iii)     The  Holder in its sole discretion chooses to convert all or
any  portion  of  the  outstanding Principal Amount in accordance with Section 4
hereof.

     2.     PAYMENT.  Payment  of  any sums due to the Holder under the terms of
            -------
this  Debenture shall be made in United States Dollars by check or wire transfer
at  the  option of the Company.  Payment shall be made to any account or address
designated  by  the  Holder any time prior to any payment due hereunder.  If any
payment hereunder would otherwise become due and payable on a day on which banks
are  closed  or  permitted  to  be  closed in Houston, Texas, such payment shall
become  due  and  payable on the next succeeding day on which banks are open and
not  permitted to be closed in Houston, Texas ("Business Day").  The Company may
prepay  all  or  any  part  of  the  principal of this Debenture before maturity
without penalty, and interest shall immediately cease to accrue on any amount so
prepaid.

     3.     THE  COMPANY'S  OPTION  TO REDEEM.  The Debenture will be subject to
            ---------------------------------
redemption  at  the  option  of the Company, in whole or in part, at 100% of the
principal  face  amount  of  the  Debenture redeemed plus any accrued and unpaid
interest  (the  "REDEMPTION  AMOUNT")  on  the  Redemption  Payment  Date  (as
hereinafter  defined),  at any time and from time to time, upon not less than 10
nor  more  than  30  days  notice  to  the  Holder.

     The Company shall deliver to the Holder a written Notice of Redemption (the
"NOTICE  OF REDEMPTION") specifying the date for the redemption (the "REDEMPTION
PAYMENT  DATE"), which date shall be at least 10 but not more than 30 days after
the  date  of  the Notice of  Redemption (the "REDEMPTION PERIOD").  A Notice of
Redemption  shall not be effective with respect to any portion of this Debenture
for  which  the  Holder  has  previously  delivered  a  Notice of Conversion (as

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hereinafter  defined)  or  for  conversions  elected  to  be  made by the Holder
pursuant to Section 4 during the Redemption Period.  The Redemption Amount shall
be  determined  as  if  the  Holder's  conversion  elections  had been completed
immediately  prior  to  the date of the Notice of Redemption.  On the Redemption
Payment  Date,  the  Redemption Amount must be paid in good funds to the Holder.
In  the  event  the Company fails to pay the Redemption Amount on the Redemption
Payment  Date as set forth herein, then such Redemption Notice shall be null and
void.  After  the  Redemption  Payment Date, unless the Company shall default in
the  payment  of  the  Redemption  Amount,  interest will cease to accrue on the
Debenture  or  the  portion  thereof  called  for  redemption.

     4.     CONVERSION RIGHTS OF HOLDER.
            ---------------------------

     (a)     Conversion.  The  Holder  of this Debenture will have the right, at
             ----------
the  Holder's  option,  to  convert  all  or any portion of the Principal Amount
hereof  (subject  to  the limitations set forth in Section 4(b)), into shares of
Common  Stock  at  any  time  prior to maturity (unless earlier redeemed) at the
Conversion  Price of $3.00 per share (subject to adjustment as described below).
The  right  to  convert  the  Principal  Amount  of  this  Debenture  called for
redemption  will terminate at the close of business on the business day prior to
the  Redemption Payment Date for such Debenture, unless the Company subsequently
fails to pay the applicable Redemption Amount.  The shares of common stock to be
issued  upon  such  conversion  are  hereinafter  referred to as the "CONVERSION
SHARES".

     (b)     Conversion  Restrictions  and  Limitations.  If the Company has not
             ------------------------------------------
previously  obtained  Shareholder  Approval  (as  defined  below), the number of
shares  of  Common  Stock  that  may be issued by the Company or acquired by the
Holder  upon  any  conversion  of  this Debenture shall be limited to the extent
necessary  to insure that, following such conversion, the total number of shares
of Common Stock then beneficially owned by the Holder and any Affiliates and any
other  Persons  whose  beneficial  ownership of Common Stock would be aggregated
with  the  Holder's for purposes of Section 13(d) of the Securities Exchange Act
of  1934,  as  amended, does not exceed 19.99% of the total number of issued and
outstanding  shares  of  the Company's Common Stock ("MAXIMUM AMOUNT ISSUABLE").
Shareholder  Approval  is  defined  as  obtaining  the  vote  of  the  Company's
shareholders  as may be required by the applicable rules of the Nasdaq Small Cap
Market  to  approve  the  issuance  of  shares  of Common Stock in excess of the
Maximum  Amount  Issuable.

     (c)     Mechanics  of  Holder's  Conversion.  In  the event that the Holder
             -----------------------------------
elects to convert this Debenture into Common Stock, the Holder shall give notice
of  such  election  by delivering an executed and completed notice of conversion
("NOTICE  OF  CONVERSION")  to  the  Company and such Notice of Conversion shall
provide  a  breakdown  in  reasonable detail of the Principal Amount and accrued
interest  that  are  being  converted.  In  the  event that the Holder elects to
convert  only a portion of the Debenture, then the Holder shall also forward and
surrender  this Debenture to the Company with the Notice of Conversion.  On each
Conversion  Date  (as  hereinafter defined) and in accordance with its Notice of
Conversion,  the  Holder  shall  make the appropriate reduction to the Principal
Amount  and accrued interest as entered in its records and shall provide written
notice thereof to the Company within five (5) business days after the Conversion
Date.  Each  date  on which a Notice of Conversion is delivered or telecopied to
the  Company  in  accordance  with  the  provisions  hereof  shall

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be  deemed  a  Conversion  Date  (the  "CONVERSION  DATE").  A form of Notice of
Conversion  is annexed hereto as Exhibit A.  Pursuant to the terms of the Notice
                                 ---------
of Conversion, the Company will issue instructions to the transfer agent as soon
as  practicable  thereafter,  to cause to be issued and delivered to such Holder
certificates  for  the  number of full shares of Conversion Shares to which such
Holder  shall  be  entitled  as  aforesaid  and,  if  necessary, a new Debenture
representing  any  unconverted portion of this Debenture.  The Company shall not
issue fractional Conversion Shares upon conversion, but the number of Conversion
Shares to be received by any Holder upon conversion shall be rounded down to the
next  whole  number and the Holder shall be entitled to payment of the remaining
principal  amount in cash.  In the case of the exercise of the conversion rights
set forth herein the conversion privilege shall be deemed to have been exercised
and  the Conversion Shares issuable upon such conversion shall be deemed to have
been issued upon the date of receipt by the Company of the Notice of Conversion.
The  Holder  shall  be  treated  for  all  purposes  as the record holder of the
Conversion  Shares,  unless the Holder provides the Company written instructions
to  the  contrary.

     (d)     Adjustment Provisions.  The Conversion Price and number and kind of
             ---------------------
shares  or  other securities to be issued upon conversion determined pursuant to
this  Debenture  shall  be  subject  to  adjustment  from  time to time upon the
happening  of certain events while this conversion right remains outstanding, as
follows:

          (i)     Reclassification.  In  case  of  any  reclassification,
                  ----------------
consolidation or merger of the Company with or into another entity or any merger
of another entity with or into the Company, or in the case of any sale, transfer
or conveyance of all or substantially all of the assets of the Company (computed
on  a  consolidated  basis),  each  Debenture then outstanding will, without the
consent  of  any  Holder,  become  convertible  only into the kind and amount of
securities,  cash  or  other  property  receivable  upon  such reclassification,
consolidation, merger, sale, transfer or conveyance by a Holder of the number of
shares  of  Common  Stock  into  which such Debenture and the accrued and unpaid
interest  thereon was convertible immediately prior thereto, after giving effect
to  any  adjustment  event.

          (ii)     Stock  Splits,  Combinations  and Dividends. If the shares of
                   -------------------------------------------
Common  Stock  are  subdivided  or  combined into a greater or smaller number of
shares  of  Common  Stock,  or  if a dividend is paid on the Common Stock or any
preferred  stock issued by the Company in shares of Common Stock, the Conversion
Price shall be proportionately reduced in case of subdivision of shares or stock
dividend  or  proportionately increased in the case of combination of shares, in
each  such  case  by  the ratio which the total number of shares of Common Stock
outstanding  immediately after such event bears to the total number of shares of
Common  Stock  outstanding  immediately  prior  to  such  event.

     (e)     Issuance  of  New  Debenture.  Upon  any partial conversion of this
             ----------------------------
Debenture,  a  new  Debenture  containing  the  same date and provisions of this
Debenture  shall,  at the request of the Holder, be issued by the Company to the
Holder  for the principal balance of this Debenture and interest which shall not
have  been  converted or paid.  The Company shall not pay any costs, fees or any
other  consideration  to  the  Holder  for  the production and issuance of a new
Debenture.

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     (f)     Interest  on Payment Date.   In the case of any Debenture which has
             -------------------------
been converted after any Record Date, but on or before the next Interest Payment
Date,  the  interest due on such Interest Payment Date, shall be payable on such
Interest  Payment  Date  notwithstanding  such conversion. The interest shall be
paid  in  cash  on  the  Interest  Payment  Date.

     (g)     Reservation  of Shares.  The Company shall at all times reserve for
             ----------------------
issuance  and  maintain  available,  out  of  its authorized but unissued Common
Stock, solely for the purpose of effecting the full conversion of the Debenture,
the full number of shares of Common Stock deliverable upon the conversion of the
Debenture  from  time  to  time outstanding. The Company shall from time to time
(subject  to obtaining necessary director and stockholder action), in accordance
with the laws of the State of Texas, increase the authorized number of shares of
its  Common  Stock  if at any time the authorized number of shares of its Common
Stock remaining unissued shall not be sufficient to permit the conversion of the
Debenture.

     5.     SECURITY.     This  Debenture  shall be secured by all of the issued
            --------
and  outstanding  shares  of RCI Holdings, Inc., a Texas corporation, and all of
the  issued  and outstanding membership interests of Citation Land, LLC, a Texas
limited  liability  company,  both of which are wholly owned subsidiaries of the
Company.  This  security  interest  shall  be  evidenced by a Security and Stock
Agreement  entered  into  between  the Company and Holder of even date herewith.

     6.     EVENTS  OF DEFAULTS AND REMEDIES.  The following are deemed to be an
            --------------------------------
event  of default ("Event of Default") hereunder: (i) the failure by the Company
to  pay any installment of interest on the Debenture as and when due and payable
and  the  continuance  of  any such failure for 30 days, (ii) the failure by the
Company to pay all or any part of the principal on the Debenture when and as the
same become due and payable at maturity, by acceleration or otherwise, (iii) the
failure  of  the  Company to perform any conversion of Debentures required under
the  Debenture  and  the  continuance  of any such failure for 30 days, (iv) the
failure  by  the  Company  to observe or perform any other covenant or agreement
contained  in  the Debenture and the continuance of such failure for a period of
30 days after the written notice is given to the Company by the Holders, (v) the
assignment by the Company for the benefit of creditors, or an application by the
Company  to  any  tribunal  for  the  appointment  of a trustee or receiver of a
substantial  part  of  the  assets  of  the  Company, or the commencement of any
proceedings  relating  to  the  Company  under  any  bankruptcy, reorganization,
arrangement, insolvency, readjustment of debts, dissolution or other liquidation
law  of any jurisdiction; or the filing of such application, or the commencement
of  any such proceedings against the Company and an indication of consent by the
Company  to such proceedings, or the appointment of such trustee or receiver, or
an  adjudication  of  the  Company  bankrupt  or  insolvent,  or approval of the
petition  in any such proceedings, and such order remains in effect for 60 days;
or (vi) a default in the payment of principal or interest when due which extends
beyond  any stated period of grace applicable thereto or an acceleration for any
other  reason  of maturity of any indebtedness for borrowed money of the Company
with  an  aggregate  principal  amount  in  excess  of  $750,000 and (vii) final
unsatisfied  judgments  not  covered  by  insurance  aggregating  in  excess  of
$750,000, at any one time rendered against the Company and not stayed, bonded or
discharged  within  75  days.

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     If  an  Event  of  Default occurs and is continuing (other than an Event of
Default  specified  in  clause  (v)  above with respect to the Company), then in
every  such  case,  unless  the  principal  or  all of the Debentures shall have
already  become due and payable, the Holders of the Debentures then outstanding,
by  notice in writing to the Company (an "Acceleration Notice"), may declare all
principal  and  accrued  and  unpaid  interest  thereon  to  be  due and payable
immediately.  If  an  Event of Default specified in clause (v) above occurs with
respect  to  the  Company, all principal and accrued and unpaid interest thereon
will  be  immediately  due and payable on all outstanding Debentures without any
declaration  or other act on the part of the Holder. The Holder is authorized to
rescind  such  acceleration  if  all  existing Events of Default, other than the
non-payment  of  the  principal and interest on the Debentures which have become
due  solely  by  such  acceleration,  have  been  cured  or  waived.

     7.     LIMITATION  ON  MERGER, SALE OR CONSOLIDATION. The Company  may not,
            ---------------------------------------------
directly  or  indirectly, consolidate with or merge into another person or sell,
lease,  convey or transfer all or substantially all of its assets (computed on a
consolidated  basis),  whether  in  a  single transaction or a series of related
transactions,  to  another  person or group of affiliated persons, unless either
(a)  in  the  case  of  a  merger or consolidation, the Company is the surviving
entity  or (b) the resulting, surviving or transferee entity is a corporation or
limited  liability  company  organized under the laws of any state of the United
States and expressly assumes by supplemental agreement all of the obligations of
the  Company  in  connection  with  the  Debentures.

     Upon  any  consolidation  or merger or any transfer of all or substantially
all of the assets of the Company in accordance with the foregoing, the successor
corporation  or  limited  liability company formed by such consolidation or into
which the Company is merged or to which such transfer is made, shall succeed to,
and  be  substituted  for, and may exercise every right and power of the Company
under  the  Debenture  with  the same effect as if such successor corporation or
limited liability company had been named therein as the Company, and the Company
will  be  released  from  its obligations under the Debentures, except as to any
obligations  that  arise  from  or  as  a  result  of  such  transaction.

     8.     REGISTRATION RIGHTS.
            --------------------

          (a)  In  the  event that the Company files a Registration Statement to
register  shares of its Common Stock with the Securities and Exchange Commission
on  Form  SB-2, S-3 or other similar form (except for Form S-8 or Form S-4) than
the  Company  will undertake to use its best efforts to register for resale from
time  to  time  by  the Holder all of the shares into which the Debenture may be
converted under the same Registration Statement.  The Company shall use its best
efforts  to  cause  the  Registration  Statement  to  become effective under the
Securities  Act  as  promptly  as  is  practicable  and to keep the Registration
Statement  continuously  effective  under the Securities Act for a period of the
earlier  of  (i)  three  years  from the effective date or (ii) until all of the
shares  which  were  registered  for  resale  have  been  sold.

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          (b)     From  time  to  time,  the Company shall prepare and file with
the SEC a post-effective amendment to the Registration Statement or a supplement
to  the  related  Prospectus  or  a  supplement  or  amendment  to  any document
incorporated  therein  by reference or any other required document, so that such
Registration  Statement will not contain any untrue statement of a material fact
or  omit  to state a material fact required to be stated therein or necessary to
make the statements therein not misleading, and so that, as thereafter delivered
to  purchasers of the securities being sold thereunder, such Prospectus will not
contain any untrue statement of a material fact or omit to state a material fact
required  to  be  stated therein or necessary to make the statements therein, in
light  of  the circumstances under which they were made, not misleading; provide
the  Holder  copies  of  any documents filed in such numbers as the Holder shall
reasonably request; and inform the Holder that the Company has complied with its
obligations  and  that  the Registration Statement and related Prospectus may be
used  for  the purpose of selling all or any of such securities (or that, if the
Company has filed a post-effective amendment to the Registration Statement which
has  not yet been declared effective, the Company will notify the Holder to that
effect,  will  use its best efforts to secure promptly the effectiveness of such
post-effective  amendment  and  will  immediately  so notify the Holder when the
amendment  has  become  effective).

     9.     NO  PERSONAL  LIABILITY  OF  SHAREHOLDERS,  OFFICERS, DIRECTORS.  No
            ---------------------------------------------------------------
recourse  shall  be had for the payment of the principal or the interest on this
Debenture,  or  for any claim based thereon, or otherwise in respect thereof, or
based  on  or  in  respect  of  any  Debenture supplemental thereto, against any
incorporator,  stockholder,  officer,  or director (past, present, or future) of
the  Company, whether by virtue of any constitution, statute, or rule of law, or
by the enforcement of any assessment or penalty or otherwise, all such liability
being  by  the acceptance hereof, and as part of the consideration for the issue
hereof,  expressly  waived  and  released.

     10.     LISTING OF REGISTERED HOLDER OF DEBENTURES.  This Debenture will be
             ------------------------------------------
registered  as to principal in the  Holder's name on the books of the Company at
its  principal office in Houston, Texas, after which no transfer hereof shall be
valid  unless  made  on the Company's books at the office of the Company, by the
Holder  hereof,  in  person,  or  by  attorney  duly  authorized in writing, and
similarly  noted  hereon.

     11.     GOVERNING  LAW;  CONSENT  TO JURISDICTION.  THIS DEBENTURE SHALL BE
             -----------------------------------------
GOVERNED  BY  AND  CONSTRUED  IN  ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS
WITHOUT  REGARD  TO  THE  CONFLICT  OF  LAWS  PROVISIONS  THEREOF.

     12.     AMENDMENT  AND  WAIVER.  Any waiver or amendment hereto shall be in
             ----------------------
writing signed by the Holder.  No failure on the part of the Holder to exercise,
and  no  delay  in  exercising,  any  right  hereunder shall operate as a waiver
thereof,  nor  shall  any  single or partial exercise by the Holder of any right
hereunder  preclude any other or further exercise thereof or the exercise of any
other  rights.  The remedies herein provided are cumulative and not exclusive of
any  other  remedies  provided  by  law.

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     13.     RESTRICTIONS AGAINST TRANSFER OR ASSIGNMENT.
             -------------------------------------------

     (a)     This  Debenture  may  not  be sold, transferred, assigned, pledged,
hypothecated  or otherwise disposed of by the registered Holder hereof, in whole
or  in  part,  unless  and  until  either  (i)  the  Debenture has been duly and
effectively  registered for resale under the Securities Act of 1933, as amended,
and  under  any  then  applicable  state securities laws; or (ii) the registered
Holder  delivers to the Company a written opinion acceptable to its counsel that
an  exemption from such registration requirements is then available with respect
to  any  such proposed sale or disposition.  The Company has the absolute right,
in  its  sole  discretion, to approve or disapprove such transfer.  Any transfer
otherwise  permissible  hereunder  shall be made only at the principle office of
the  Company  upon  surrender  of  this  Debenture for cancellation and upon the
payment  of any transfer tax or other government charge connected therewith, and
upon  any  such  transfer  a  new  Debenture or Debentures will be issued to the
transferee  in exchange therefor.The transferee of this Debenture shall be bound
by  the  provisions  of  this  Debenture.  The  register of the transfer of this
Debenture  shall  occur  upon  the  delivery  of this Debenture, endorsed by the
registered  Holder or his duly authorized attorney, signature guaranteed, to the
Company  or  its  transfer  agent.  Each  Debenture  instrument  issued upon the
transfer  of  this  Debenture shall have the restrictive legend contained herein
conspicuously  imprinted  on  it.

     (b)     In  the  event the Company successfully effects registration of the
Common  Stock  into which this Debenture is convertible, the Company may stop or
prevent  the transfer of such Common Stock for a period not to exceed 60 days in
the  event  the  Company  files  a  registration  statement  for the sale of its
securities,  and  for  an  indefinite period of time if the Company, in its sole
discretion,  believes  that  such  security  holder  has  material  non-public
information.

     14.     ENTIRE  AGREEMENT; HEADINGS.  This Debenture constitutes the entire
             ---------------------------
agreement  between  the  Holder and the Company pertaining to the subject matter
hereof  and supersedes all prior and contemporaneous agreements, representations
and  understandings,  written  or  oral,  of such parties.  The headings are for
reference purposes only and shall not be used in construing or interpreting this
Debenture.

     15.     NOTICES.  All  notices and other communications provided for herein
             -------
shall  be  in  writing  and shall be deemed to have been duly given if delivered
personally, transmitted by facsimile transmission (fax) or sent by registered or
certified  mail,  return  receipt  requested,  postage prepaid, or overnight air
courier  guaranteeing  next  day  delivery:

          (a)     If to the Company, to it at the following address:

                                10959 Cutten Road
                              Houston, Texas 77066
                                Attn: Eric Langan
                               (fax) 281-397-6765

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          (b)     If  to  registered  Holder,  then to the address listed on the
     front  of  this Debenture, unless changed, by notice in writing as provided
     for  herein.

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.

     IN  WITNESS  WHEREOF,  Ricks  Cabaret  International,  Inc. has caused this
Debenture  to  be duly executed in its corporate name by the manual signature of
its  President, and a facsimile of its corporate seal to be impressed, imprinted
or  engraved  hereon,  attested  by  the  manual  signature  of  its  Secretary.

Dated: July ___, 2005.

[Corporate Seal]

                                      RICK'S CABARET INTERNATIONAL, INC.

Witnessed:
                                      /s/ Eric  Langan
----------------------------          ------------------------------------------
----------------------------          Eric  Langan
Witness                               President and Chief Executive Officer

                                        9WARRANT TO PURCHASE SHARES OF COMMON STOCK OF

                       RICK'S CABARET INTERNATIONAL, INC.

CERTIFICATE  NO.---  RM  110                                    50,000  Warrants
                     -------

     This Warrant Certificate certifies that Ralph McElroy (the "Holder") is the
owner  of  50,000  Warrants  (subject to adjustment as provided herein), each of
which  represents  the  right  to subscribe for and purchase from Rick's Cabaret
International,  Inc.,  a  Texas  corporation  (the  "Company"), one share of the
common  stock,  par  value  $0.01  per  share, of the Company (the common stock,
including  any stock into which it may be changed, reclassified or converted, is
herein  referred  to  as  the "Common Stock") at the purchase price of $3.00 per
share  (the  "Exercise  Price").

     The  Warrants  represented  by  this Warrant Certificate are subject to the
following  provisions,  terms  and  conditions:

     1.     VESTING OF WARRANTS

     The  Holder  shall  be entitled to exercise the 50,000 Warrants at any time
during  the  Exercise  Period,  as  defined  in  Section  2  below.

     2.     EXERCISE OF WARRANTS

     Exercise  of  Warrants.  The  Warrants  may  be  exercised by the Holder in
     ----------------------
whole,  or  in  part,  (but  not  as  to a fractional share of Common Stock), by
surrender  of  this  Warrant Certificate at the office of the Company located at
10959  Cutten  Road, Houston, Texas 77066 (or such other office or agency of the
Company  as  may be designated by notice in writing to the Holder at the address
of  such Holder appearing on the books of the Company) with the appropriate form
attached  hereto  duly completed, at any time within the period beginning on the
date hereof and expiring at 5:00 p.m. Houston, Texas time, on July 22, 2008 (the
"Exercise  Period")  and  by  payment  to the Company by certified check or bank
draft of the Exercise Price for such shares.  The Company agrees that the shares
of  Common Stock so purchased shall be and are deemed to be issued to the Holder
as  the  record owner of such shares of Common Stock as of the close of business
on  the  date  on  which the Warrant Certificate shall have been surrendered and
payment  made  for  such  shares of Common Stock.  Certificates representing the
shares  of  Common  Stock  so  purchased,  together with any cash for fractional
shares  of  Common  Stock paid pursuant to Section 3D, shall be delivered to the
Holder  promptly,  and,  unless  the  Warrants  have  expired,  a  new  Warrant
Certificate  representing  the number of Warrants represented by the surrendered
Warrant  Certificate,  if  any, that shall not have been exercised also shall be
delivered  to  the  Holder  within  such  time.

                                      - 1 -
<PAGE>
     3.     ADJUSTMENTS

     A.     Adjustments.  The  Exercise Price and the number of shares of Common
            -----------
Stock issuable upon exercise of each Warrant shall be subject to adjustment from
time  to  time  as  follows:

     (i)  Stock  Dividends;  Stock  Splits;  Reverse  Stock  Splits;
           ---------------------------------------------------------
          Reclassifications.  In  case the Company shall (a) pay a dividend with
          -----------------
          respect  to its Common Stock in shares of capital stock, (b) subdivide
          its  outstanding  shares  of Common Stock, (c) combine its outstanding
          shares of Common Stock into a smaller number of shares of any class of
          Common  Stock  or  (d)  issue  any  shares  of  its capital stock in a
          reclassification  of  the  Common  Stock  (including  any  such
          reclassification in connection with a consolidation or merger in which
          the  Company is the continuing corporation), other than elimination of
          par value, a change in par value, or a change from par value to no par
          value  (any  one  of  which  actions  is  herein  referred  to  as  an
          "Adjustment  Event"), the number of shares of Common Stock purchasable
          upon exercise of each Warrant immediately prior to the record date for
          such  Adjustment  Event  shall  be  adjusted  so that the Holder shall
          thereafter be entitled to receive the number of shares of Common Stock
          or  other  securities of the Company (such other securities thereafter
          enjoying  the  rights  of  shares  of  Common Stock under this Warrant
          Certificate)  that  such Holder would have owned or have been entitled
          to  receive  after  the  happening  of such Adjustment Event, had such
          Warrant  been  exercised  immediately  prior  to the happening of such
          Adjustment  Event  or  any  record  date  with  respect  thereto.  An
          adjustment  made pursuant to this Section 3A(i) shall become effective
          immediately  after  the  effective  date  of  such  Adjustment  Event
          retroactive  to  the  record  date, if any, for such Adjustment Event.

     (ii) Adjustment  of Exercise Price. Whenever the number of shares of Common
          -----------------------------
          Stock  purchasable  upon  the  exercise  of  each  Warrant is adjusted
          pursuant to Section 3A(i), the Exercise Price for each share of Common
          Stock  payable  upon  exercise  of  each  Warrant shall be adjusted by
          multiplying  such  Exercise Price immediately prior to such adjustment
          by a fraction, the numerator of which shall be the number of shares of
          Common Stock purchasable upon the exercise of each Warrant immediately
          prior  to  such  adjustment, and the denominator of which shall be the
          number  of  shares  of  Common  Stock  so  purchasable  immediately
          thereafter.

    (iii) De  Minimis  Adjustments.  No  adjustment  in  the  Exercise Price and
          ------------------------
          number  of  shares  of  Common  Stock  purchasable  hereunder shall be
          required  unless such adjustment would require an increase or decrease
          of  at  least $0.15 in the Exercise Price; provided, however, that any
          adjustments  which  by reason of this Section 3A(iii) are not required
          to  be  made  shall  be  carried forward and taken into account in any
          subsequent  adjustment.  All calculations shall be made to the nearest
          full  share.

                                      - 2 -
<PAGE>
     B.     Notice  of Adjustment. Whenever the number of shares of Common Stock
            ---------------------
purchasable upon the exercise of each Warrant or the Exercise Price is adjusted,
as  herein  provided,  the  Company  shall promptly notify the Holder in writing
(such  writing  referred  to  as  an  "Adjustment Notice") of such adjustment or
adjustments  and  shall  deliver  to  such  Holder a statement setting forth the
number  of  shares of Common Stock purchasable upon the exercise of each Warrant
and the Exercise Price after such adjustment, setting forth a brief statement of
the  facts  requiring such adjustment and setting forth the computation by which
such  adjustment  was  made.

     C.     Statement  on  Warrant  Certificates.  The  form  of  this  Warrant
            ------------------------------------
Certificate  need  not be changed because of any change in the Exercise Price or
in  the  number  or  kind  of shares purchasable upon the exercise of a Warrant.
However,  the  Company may at any time in its sole discretion make any change in
the  form  of the Warrant Certificate that it may deem appropriate and that does
not  affect the substance thereof and any Warrant Certificate thereafter issued,
whether  in  exchange or substitution for any outstanding Warrant Certificate or
otherwise,  may  be  in  the  form  so  changed.

     D.     Fractional  Interest.  The  Company  shall  not be required to issue
            --------------------
fractional  shares  of Common Stock on the exercise of the Warrants.  The number
of  full shares of Common Stock which shall be issuable upon such exercise shall
be computed on the basis of the aggregate number of whole shares of Common Stock
purchasable  on the exercise of the Warrants so presented.  If any fraction of a
share  of  Common  Stock  would, except for the provisions of this Section 3D be
issuable  on the exercise of the Warrants (or specified proportion thereof), the
Company  shall  pay  an  amount in cash calculated by it to be equal to the then
fair value of one share of Common Stock, as determined by the Board of Directors
of  the  Company  in  good  faith,  multiplied  by such fraction computed to the
nearest  whole  cent.

     4.     RESERVATION AND AUTHORIZATION OF COMMON STOCK

     The  Company covenants and agrees (a) that all shares of Common Stock which
may  be  issued  upon  the  exercise of the Warrants represented by this Warrant
Certificate,  upon  issuance  and  when  fully paid for, will be validly issued,
fully paid and nonassessable and free of all taxes, liens, charges, encumbrances
and  security interests other than those attaching by or through the Holder, (b)
that  during the Exercise Period, the Company will at all times have authorized,
and  reserved for the purpose of issue or transfer upon exercise of the Warrants
evidenced  by  this  Warrant  Certificate,  sufficient shares of Common Stock to
provide for the exercise of the Warrants represented by this Warrant Certificate
and (c) that the Company will take all such action as may be necessary to ensure
that  the  shares of Common Stock issuable upon the exercise of the Warrants may
be  so  issued  without  violation  of  any applicable law or regulation, or any
requirement  of  any  securities  exchange  upon  which any capital stock of the
Company  may  be  listed.

     5.     NO RIGHTS OF STOCKHOLDER

     The Warrant Holder shall not be entitled to vote or to receive dividends or
shall  otherwise  be  deemed  to be the holder of shares of Common Stock for any
purpose,  nor  shall  anything contained herein or in any Warrant Certificate be
construed to confer upon the Holder, as such, any of the rights of a stockholder
of  the  Company  or  any  right to vote upon or give or withhold consent to any
action

                                      - 3 -
<PAGE>
of  the  Company  (whether  upon  any  reorganization,  issuance  of securities,
reclassification  or  conversion  of  Common Stock, consolidation, merger, sale,
lease,  conveyance,  or  otherwise),  receive notice of meetings or other action
affecting  stockholders  (except  for  notices expressly provided for herein) or
receive  dividends  or  subscription rights, until the Warrant Certificate shall
have been surrendered for exercise accompanied by full and proper payment of the
Exercise  Price  as  provided  herein and shares of Common Stock hereunder shall
have  become issuable and until the Holder shall have been deemed to have become
a  holder  of record of such shares.  The Holder shall not, upon the exercise of
Warrants,  be  entitled  to  any  dividends  if  the record date with respect to
payment  of  such  dividends  shall  be  a date prior to the date such shares of
Common  Stock  became  issuable  upon  the  exercise  of  such  Warrants.

     6.     RESTRICTIONS ON TRANSFER

     This  Warrant  Certificate,  the  Warrants  it evidences and the underlying
Common Stock issued on exercise of the Warrants, may not be sold, transferred or
otherwise  disposed of without registration under the Securities Act of 1933, as
amended  (the  "Act"),  or  any exemption therefrom and for which the Company is
provided  with  an  opinion of counsel to the Holder, reasonably satisfactory to
the Company, to the effect that such transfer is not in violation of any of said
securities  laws.

     7.     CLOSING OF BOOKS

     The  Company  will at no time close its transfer books against the transfer
of  any  Warrant  or  of any shares of Common Stock or other securities issuable
upon  the exercise of any Warrant in any manner which interferes with the timely
exercise  of  the  Warrants.

     8.     WARRANTS EXCHANGEABLE; LOSS, THEFT

     This  Warrant Certificate is exchangeable, upon the surrender hereof by any
Holder  at the office or agency of the Company referred to in Section 2, for new
Warrant  Certificates  of  like tenor representing in the aggregate the right to
subscribe  for  and  purchase  the number of shares of Common Stock which may be
subscribed  for  and purchased hereunder, each such new Warrant to represent the
right  to  subscribe and purchase such number of shares of Common Stock as shall
be designated by said Holder hereof at the time of such surrender.  Upon receipt
of  evidence  satisfactory  to  the  Company  of the loss, theft, destruction or
mutilation,  or  upon surrender or cancellation of this Warrant Certificate, the
Company will issue to the Holder hereof a new Warrant Certificate of like tenor,
in lieu of this Warrant Certificate, representing the right to subscribe for and
purchase  the  number  of shares of Common Stock which may be subscribed for and
purchased  hereunder.

     9.     MERGERS, CONSOLIDATIONS

     If  the  Company  shall  merge or consolidate with another corporation, the
Holder of this Warrant shall thereafter have the right, upon exercise hereof and
payment  of  the Exercise Price, to receive solely the kind and amount of shares
of stock (including, if applicable, Common Stock), other securities, property or
cash  or  any  combination  thereof  receivable  by  a  holder  of the number of

                                      - 4 -
<PAGE>
shares  of  Common  Stock, as adjusted from time to time, for which this Warrant
might  have  been  exercised  immediately  prior to such merger or consolidation
(assuming,  if  applicable,  that  the  Holder  of  such  Common Stock failed to
exercise  its  rights of election, if any, as to the kind or amount of shares of
stock, other securities, property or cash or combination thereof receivable upon
such  merger  or  consolidation).

     10.     REGISTRATION RIGHTS

     The  Company  has agreed to grant the Holder piggy-back registration rights
in  the  event  that it files a Registration Statement on Form SB-2, Form S-3 or
other  similar  form  under the Securities Act of 1933, as amended, covering the
registration of the underlying shares of Common Stock to be issued upon exercise
of  the  Warrants.

     11.     EXPENSES

     The  Holder  shall  bear  the  cost  of all underwriting discounts, selling
commissions  and  stock  transfer taxes applicable to the Warrant and the Common
Stock  underlying  the  Warrants.

Dated: Effective as of July 22, 2005.

                                           RICK'S CABARET INTERNATIONAL, INC.

                                           By: /s/ Eric  Langan
                                              ----------------------------------

                                           Name: Eric  Langan
                                                --------------------------------

                                           Title: President and Chief Executive
                                                  Officer
                                                 -------------------------------

Attest:

-----------------------------
Witnessed

                                      - 5 -
<PAGE>
                         [FORM OF ELECTION TO PURCHASE]

                    (To be executed upon exercise of Warrant)

     The  undersigned  hereby  irrevocably  elects  to  exercise  the  right,
represented  by  this  Warrant  Certificate, to purchase ______ shares of Common
Stock  and herewith tenders in payment for such shares a certified check or bank
draft  payable  to the order of Rick's Cabaret International, Inc. in the amount
of  $  _____,  all in accordance with the terms hereof. The undersigned requests
that  a certificate for such shares be registered in the name of _______________
whose  address  is ___________________ and that such certificate (or any payment
in  lieu  thereof)  be  delivered  to  _____________  whose  address  is_______.

                                                 -------------------------------
                                                 [Name of Holder]

                                                 -------------------------------
                                                 Date

(Signature must conform in all respects to name of
Holder as specified on the face of the Warrant.)

                                      -6-

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