Document:

ex4-2.htm

    

    

    

    

    

    

    $3,000,000,000

    

    

    AMENDMENT
NO. 4

    

    

    dated
as of April 3, 2008

    

    to
the Five-Year Credit Agreement

    

    dated
as of May 20, 2004

    

    

    

    among

    

    

    

    Marathon
Oil Corporation

    

    The
Co-Agents and Other Lenders Party Hereto

    

    Bank
of America, N.A.,

    as
Syndication Agent

    

    Citibank,
N.A. and

    Morgan
Stanley Bank,

     

    as
Documentation Agents,

     

    

     

    and

     

    

     

    JPMorgan
Chase Bank, N.A.,

     

    as
Administrative Agent

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    AMENDMENT
NO. 4 TO FIVE-YEAR CREDIT AGREEMENT

     

    AMENDMENT
dated as of April 3, 2008 to the Five-Year Credit Agreement dated as of May 20,
2004 (as heretofore amended, the “Credit Agreement”) among
MARATHON OIL CORPORATION (the “Borrower”), the CO-AGENTS and
other LENDERS (the “Lenders”) party hereto, BANK
OF AMERICA, N.A., as Syndication Agent, CITIBANK, N.A. and MORGAN STANLEY BANK,
as Documentation Agents and JPMORGAN CHASE BANK, N.A., as Administrative Agent
(the “Administrative
Agent”).

     

    W
I T N E S S E T H :

     

    WHEREAS,
the Borrower has requested an extension of the term of the Credit Agreement
pursuant to Section 2.19 of the Credit Agreement; and

     

    WHEREAS,
the parties desire to memorialize such extension through this Amendment rather
than through the documentary procedures set out in Section 2.19 of the Credit
Agreement; and

     

    WHEREAS,
the aggregate amount of the Letter of Credit Liabilities under the Credit
Agreement does not currently exceed $250,000,000; and

     

    WHEREAS,
the parties hereto desire to amend Section 2.18(a) of the Credit Agreement as
set forth herein;

     

    NOW,
THEREFORE, the parties hereto agree as follows:

     

    Section
1.  Defined Terms;
References.  Unless
otherwise specifically defined herein, each term used herein that is defined in
the Credit Agreement has the meaning assigned to such term in the Credit
Agreement. Each reference to “hereof”, “hereunder”, “herein” and “hereby” and
each other similar reference and each reference to “this Agreement” and each
other similar reference contained in the Credit Agreement shall, after this
Amendment becomes effective, refer to the Credit Agreement as amended
hereby.

     

    Section
2.  Amendment.  Section
2.18(a) of the Credit Agreement is amended by changing the amount specified
therein from $500,000,000 to $250,000,000.

     

    Section
3.  Extension of
Termination Date. The Termination Date is extended for a period of
one-year to May 4, 2013, with respect to each Lender executing and delivering a
counterpart hereof.

     

    Section
4.  Representations of
Borrower.  The
Borrower represents and warrants that (i) the representations and warranties of
the Borrower set forth in

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Article
4 of the Credit Agreement will be true on and as of the Amendment Effective Date
and (ii) no Event of Default will have occurred and be continuing on such
date.

     

    Section
5.  Effect of
Amendments.  Except as expressly set forth herein, the
amendments contained herein shall not constitute a waiver or amendment of any
term or condition of the Credit Agreement, and all such terms and conditions
shall remain in full force and effect and are hereby ratified and confirmed in
all respects.

     

    Section
6.  Governing Law.  This
Amendment shall be governed by and construed in accordance with the laws of the
State of New York.

     

    Section
7.  Counterparts.  This
Amendment may be signed in any number of counterparts, each of which shall be an
original, with the same effect as if the signatures thereto and hereto were upon
the same instrument.

     

    Section
8. Effectiveness.
This Amendment shall become effective as of the date hereof (the “Amendment Effective Date”),
subject to satisfaction of the following conditions:

     

    (a)           the
Administrative Agent shall have received from theBorrower and from Lenders
comprising the Required Lenders acounterpart hereof signed by such party or
facsimile or other writtenconfirmation (in formsatisfactory to the
Administrative Agent) that such party has signed a counterpart hereof;
and

     

    (b)           the
Administrative Agent shall have received an opinion ofthe General Counsel or
Assistant General Counsel of the Borrower datedas of the Amendment Effective
Date, in form and substance satisfactory tothe Administrative
Agent.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

     

    
      	 
      	
              MARATHON
      OIL CORPORATION

            
	
              By:

            	 
      	
              /s/  Paul
      C. Reinbolt

            
	 
      	
              Name:

            	
              Paul
      C. Reinbolt

            
	 
      	
              Title:

            	
              Vice
      President, Finance & Treasurer

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              Administrative Agent

              JPMORGAN
      CHASE BANK, N.A., as

              Administrative
      Agent and as Lender

               

            
	
              By:

            	 
      	
              /s/
      Kevin J. Utsey

            
	 
      	
              Name:

            	
              Kevin
      J. Utsey

            
	 
      	
              Title:

            	
              Vice
      President

            

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              Syndication Agent

              BANK
      OF AMERICA, N.A.,

              as
      Syndication Agent and as Lender

               

            
	
              By:

            	 
      	
              /s/
      Jay Salitza

            
	 
      	
              Name:

            	
              Jay
      Salitza

            
	 
      	
              Title:

            	
              Vice
      President

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              Documentation Agent

              MORGAN
      STANLEY BANK, as a Documentation Agent and as Lender

               

            
	
              By:

            	 
      	
              /s/
      Daniel Twenge

            
	 
      	
              Name:

            	
              Daniel
      Twenge

            
	 
      	
              Title:

            	
              Authorized
      Signatory

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              CITIBANK,
      N.A., as a Documentation Agent and as Lender

            
	
              By:

            	 
      	
              /s/
      Todd Mogil

            
	 
      	
              Name:

            	
              Todd
      Mogil

            
	 
      	
              Title:

            	
              Vice
      President

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              Lenders

              ABN
      AMRO BANK N.V.

               

            
	
              By:

            	 
      	
              /s/
      R. Scott Donaldson

            
	 
      	
              Name:

            	
              R.
      Scott Donaldson

            
	 
      	
              Title:

            	
              Director

            
	 
      	 
      	 
      
	
              By:

            	
              :

            	
              /s/
      M. Aamir Khan

            
	 
      	
              Name

            	
              M.
      Aamir Khan

            
	 
      	
              Title:

            	
              Vice
      President

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              BNP
      PARIBAS

               

            
	
              By:

            	 
      	
              /s/
      Betsy Jocher

            
	 
      	
              Name:

            	
              Betsy
      Jocher

            
	 
      	
              Title:

            	
              Director

            
	 
      	 
      	 
      
	
              By:

            	
              :

            	
              /s/
      Russell Otts

            
	 
      	
              Name

            	
              Russell
      Otts

            
	 
      	
              Title:

            	
              Vice
      President

            

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              THE
      BANK OF TOKYO-MITSUBISHI UFJ, LTD.

               

            
	
              By:

            	 
      	
              /s/
      Linda Terry

            
	 
      	
              Name:

            	
              Linda
      Terry

            
	 
      	
              Title:

            	
              Vice
      President & Manager

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              DEUTSCHE
      BANK AG NEW YORK BRANCH

               

            
	
              By:

            	 
      	
              /s/
      Marcus Tarkington

            
	 
      	
              Name:

            	
              Marcus
      Tarkington

            
	 
      	
              Title:

            	
              Director

            
	 
      	 
      	 
      
	
              By:

            	 
      	
              /s/
      Rainer Meier

            
	 
      	
              Name:

            	
              Rainer
      Meier

            
	 
      	
              Title:

            	
              Vice
      President

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              NATIONAL
      CITY BANK

               

            
	
              By:

            	 
      	
              /s/
      Thomas E. Redmond

            
	 
      	
              Name:

            	
              Thomas
      E. Redmond

            
	 
      	
              Title:

            	
              Senior
      Vice President

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              THE
      BANK OF NOVA SCOTIA

               

            
	
              By:

            	 
      	
              /s/
      A. Ostrov

            
	 
      	
              Name:

            	
              A.
      Ostrov

            
	 
      	
              Title:

            	
              Director

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              FIFTH
      THIRD BANK

               

            
	
              By:

            	 
      	
              /s/
      Mike Mendenhall

            
	 
      	
              Name:

            	
              Mike
      Mendenhall

            
	 
      	
              Title:

            	
              Vice
      President

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              THE
      BANK OF NEW YORK

               

            
	
              By:

            	 
      	
              /s/
      Hussam S. Alsahlani

            
	 
      	
              Name:

            	
              Hussam
      S. Alsahlani

            
	 
      	
              Title:

            	
              Vice
      President

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              COMERICA
      BANK

               

            
	
              By:

            	 
      	
              /s/
      De Von Lang

            
	 
      	
              Name:

            	
              De
      Von Lang

            
	 
      	
              Title:

            	
              Corporate
      Banking Officer

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              CREDIT
      SUISSE, Cayman Islands Branch, formerly known as CREDIT SUISSE FIRST
      BOSTON

               

            
	
              By:

            	 
      	
              /s/
      David Dodd

            
	 
      	
              Name:

            	
              David
      Dodd

            
	 
      	
              Title:

            	
              Director

            
	 
      	 
      	 
      
	
              By:

            	
              :

            	
              /s/
      Christopher Day

            
	 
      	
              Name

            	
              Christopher
      Day

            
	 
      	
              Title:

            	
              Associate

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              DNB
      NOR BANK ASA

               

            
	
              By:

            	 
      	
              /s/
      Philip F. Kurpiewski

            
	 
      	
              Name:

            	
              Philip
      F. Kurpiewski

            
	 
      	
              Title:

            	
              Senior
      Vice President

            
	 
      	 
      	 
      
	
              By:

            	
              :

            	
              /s/
      Henrik Asland

            
	 
      	
              Name

            	
              Henrik
      Asland

            
	 
      	
              Title:

            	
              Senior
      Vice President

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              MIZUHO
      CORPORATE BANK, LTD.

               

            
	
              By:

            	 
      	
              /s/
      Raymond Ventura

            
	 
      	
              Name:

            	
              Raymond
      Ventura

            
	 
      	
              Title:

            	
              Deputy
      General Manager

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              THE
      ROYAL BANK OF SCOTLAND plc

               

            
	
              By:

            	 
      	
              /s/
      Brian D. Williams

            
	 
      	
              Name:

            	
              Brian
      D. Williams

            
	 
      	
              Title:

            	
              Vice
      President

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              STANDARD
      CHARTERED BANK

               

            
	
              By:

            	 
      	
              /s/
      Felipe Macia

            
	 
      	
              Name:

            	
              Felipe
      Macia

            
	 
      	
              Title:

            	
              Director
      Syndications, Americas

               

            
	 
      	 
      	 
      
	
              By:

            	
              :

            	
              /s/
      Robert K. Reddington

            
	 
      	
              Name

            	
              Robert
      K. Reddington

            
	 
      	
              Title:

            	
              AVP/Credit
      Documentation Credit Risk Control

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              SUMITOMO
      MITSUI BANKING CORPORATION

               

            
	
              By:

            	 
      	
              /s/
      William M. Ginn

            
	 
      	
              Name:

            	
              William
      M. Ginn

            
	 
      	
              Title:

            	
              General
      Manager

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              US
      BANK, N.A.

               

            
	
              By:

            	 
      	
              /s/
      Kevin S. McFadden

            
	 
      	
              Name:

            	
              Kevin
      S. McFadden

            
	 
      	
              Title:

            	
              Vice
      President

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              RIYAD
      BANK

               

            
	
              By:

            	 
      	
              /s/
      William B. Shepard

            
	 
      	
              Name:

            	
              William
      B. Shepard

            
	 
      	
              Title:

            	
              General
      Manager

            
	 
      	 
      	 
      
	
              By:

            	
              :

            	
              /s/
      Paul N. Travis

            
	 
      	
              Name

            	
              Paul
      N. Travis

            
	 
      	
              Title:

            	
              Vice
      President & Head of Corporate
Finance

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              BANCO
      BILBAO VIZCAYA ARGENTARIA

               

            
	
              By:

            	 
      	
              /s/
      Guilherme Gobbo

            
	 
      	
              Name:

            	
              Guilherme
      Gobbo

            
	 
      	
              Title:

            	
              Vice
      President Global Corporate Banking

            
	 
      	 
      	 
      
	
              By:

            	
              :

            	
              /s/
      Anne-Maureen Sarfati

            
	 
      	
              Name

            	
              Anne-Maureen
      Sarfati

            
	 
      	
              Title:

            	
              Vice
      President Global Corporate
Banking

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              WELLS
      FARGO BANK, NATIONAL ASSOCIATION

               

            
	
              By:

            	 
      	
              /s/
      William Rogers

            
	 
      	
              Name:

            	
              William
      Rogers

            
	 
      	
              Title:

            	
              Vice
      Presidentex10_1.htm

    
      

    

    Exhibit
10.1

    EMPLOYMENT
AGREEMENT

    

    This Employment Agreement (the
"Agreement"), entered into effective as of the 1st day of April 2008, by and
between RICK'S CABARET
INTERNATIONAL, INC., a Texas corporation (the "Company"), and ERIC LANGAN
("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 President and Chief Executive Officer
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 2010, 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 $600,000, 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.  As
      further compensation, Executive will be eligible for bonuses as determined
      from time to time by the Board of
Directors.

              

      

    

    
      
         

      

      
        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 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)

            	
              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 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, 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(d) 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:

    

    
      
        	
                
                

              	
                (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;

            

    

    
      
         

      

      
        Employment
Agreement - Page 3

        
          

        

      

      
         

      

    

    
      
        	
                
                

              	
                (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) for good reason under Section 7(d); (iv) upon the
voluntary termination of employment by Executive under Section7(e); or without
cause 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.

            

    

    

    
      	
               
      

            	
              (d)

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

            

    

    
      
         

      

      
        Employment
Agreement - Page 4

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              (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(d)(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.

            

    

    

    
      
        	
                
                

              	
                (e)

              	
                Voluntary
      Termination.  The Executive may terminate his employment
      voluntarily.

              

      

    

     

    
      
        	
                
                

              	
                (f) 

              	
                 Without
      Cause.  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 (e), 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 (d) 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.

    

    

    
      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.

    

    
      
         

      

      
        Employment
Agreement - Page 5

        
          

        

      

      
         

      

    

    
      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:
Travis Reese, Executive Vice President

    

    
      	
               
      

            	
              If
      to Executive:

            	
              Eric
      Langan

            

    

    10959
Cutten Road

    Houston,
Texas 77066

    

    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
judgement 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.  
   Counterparts.  This
Agreement may be executed in one or more counterparts, each of which will be
deemed an original and all of which will constitute one and the same instrument,
but only one of which need be produced.

    

    

    
      18.  
-   Company
Authorization.  The Company represents that the Board of
Directors has approved this Agreement.

    

    

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

    

    
      	 
      	
              COMPANY:

            
	 
      	 
      	 
      
	 
      	
              RICK'S
      CABARET INTERNATIONAL, INC.

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              By:

            	
              /s/ Travis Reese

            
	 
      	 
      	
              Travis
      Reese, Executive Vice President

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              EXECUTIVE:

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              By:

            	
              /s/ Eric Langan

            
	 
      	 
      	
              Eric
      Langan

            

    

    

    

    Employment
Agreement - Page 7

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