Document:

Unassociated Document

    
      

    

    Exhibit
10.3

    

    EXECUTION
VERSION

    

    LOCK-UP/LEAK-OUT
AGREEMENT

    

    THIS LOCK-UP/LEAK-OUT AGREEMENT
(the “Agreement”) is made and entered into as of the 4th day of September, 2008,
between RICK’S CABARET
INTERNATIONAL, INC., a Texas corporation (“Rick’s”), and DI FOOD AND BEVERAGE OF LAS VEGAS,
LLC, a Nevada limited liability company (“Holder”).

    

    WHEREAS, the Holder has agreed
to sell, transfer and convey all of the assets owned by it which are associated
or used in connection with the operations of an adult entertainment cabaret
known as SCORES located at 3355 Procyon Street, Las Vegas, Nevada 89102, to RCI
Entertainment (Las Vegas), Inc., a Nevada corporation (the “Purchaser”),
pursuant to the terms and conditions of the Asset Purchase Agreement by and
among Rick’s, the Purchaser, the Holder, and Harold Danzig, Frank Lovaas and
Dennis DeGori, who are all members of the Holder dated April 17, 2008, as
amended by the Third Amendment to Asset Purchase Agreement, dated September 4,
2008 (the “Amended and Restated Purchase Agreement”); and

    

    WHEREAS, under the terms of
the Amended and Restated Purchase Agreement, the Holder shall be entitled to
receive 200,000 shares of common stock of Rick’s (“Rick’s Shares”) upon the
Closing of the Amended and Restated Purchase Agreement (“Closing Date”), which
is conditioned upon, among other things, the execution and delivery of this
Agreement; and

    

    WHEREAS, the Holder has agreed
to enter into this Agreement and to restrict the sale, assignment, transfer,
conveyance, or hypothecation of the Rick’s Shares, all on the terms set forth
below; and

    

    WHEREAS, any capitalized terms
not defined herein shall have the meaning set forth in the Amended and Restated
Purchase Agreement.

    

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

    

    
      	
              1.

            	
              The
      Holder agrees it may not sell, pledge, hypothecate, transfer, assign or in
      any other manner dispose of the Rick’s Shares for six (6) months from
      the date hereof.

            

    

    

    
      	
              2.

            	
                    
                (a)    Thereafter,
      on or after seven (7) months from the Closing Date, the Holder shall have
      the right, but not the obligation, to have Rick’s purchase from the Holder
      a total of 150,000 of the Rick’s Shares (for purposes of this Section
      2(a), the 150,000 Rick’s Shares shall hereinafter be referred to as the
      “Rick’s Put Share”) in an amount and at a rate of not more than 6,250 of
      the Rick’s Put Shares per month (the “Monthly Shares”) calculated at a
      price per share equal to $20.00 per share (“Value of the Rick’s Shares”)
      until the Holder has received an aggregate of $3,000,000 from (i) the sale
      of the Rick’s Put Shares, regardless of whether sold to Rick’s, sold in
      the open market or in a private transaction or otherwise and (ii) the
      payment of any Deficiency (as hereinafter defined) by
      Rick’s.  Holder shall notify Rick’s during any given month of
      its election to “Put” the Monthly Shares to Rick’s during that particular
      month and Rick’s shall have
      three (3) business days to elect to buy the Monthly Shares or instruct the
      Holder to sell the Monthly Shares in the open market.   At
      Rick’s election, during any given month, it may either buy the Monthly
      Shares or, if Rick’s elects not to buy the Monthly Shares from Holder,
      then Holder shall sell the Monthly Shares in the open market and any
      deficiency between the amount which Holder receives from the sale of the
      Monthly Shares and the Value of the Rick’s Shares (the “Deficiency”) shall
      be paid by Rick’s within three (3) business days after receipt of written
      notice from the Holder of the sale of the Monthly Shares which shall
      provide the written sales confirmation and the amount of the
      Deficiency.  Rick’s obligation under this Section 2(a) to
      purchase the Monthly Shares from Holder shall terminate and cease at such
      time as Holder has received an aggregate amount of $3,000,000 from (i) the
      sale of the Rick’s Put Shares, regardless of whether sold to Rick’s, sold
      in the open market or in a private transaction or otherwise, and (ii) the
      payments of any Deficiency by Rick’s.  Holder agrees to provide
      monthly statements to Rick’s as to the total number of Rick’s Put Shares
      which Holder sold and the amount of proceeds derived
      therefrom.  Except as set forth in Section 2(b) below, nothing
      contained in this Section 2(a) shall limit or preclude Holder from selling
      the Rick’s Put Shares in the open market or require Holder to “Put” the
      Rick’s Put Shares to Rick’s during any given
      month.

              

            

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    (b)           The
Holder will not sell more than 25,000 Rick’s Shares per 30-day period,
regardless of whether the Holder “Puts” the Rick’s Put Shares to Rick’s or sells
them in the open market or otherwise.  In the event that the Holder
elects to sell any of the Rick’s Put Shares pursuant to this Section 2(b), then
any amount sold at prices less than the Value of the Rick’s Shares shall be
deemed to be sold at $20.00 for purposes of Section 2(a).

    

    
      	
              3.

            	
              The
      Holder acknowledges and agrees that Rick’s may advise its Transfer Agent
      of this Agreement and issue a stop transfer order to the Transfer Agent to
      ensure that any sale of the Rick’s Shares by the Holder is in accordance
      with the terms and conditions
hereof.

            

    

    

    
      	
              4.

            	
              The
      Holder agrees that it will not engage in any short selling of shares of
      Rick’s common stock during the term of this
  Agreement.

            

    

    

    
      	
              5.

            	
              Except
      as otherwise provided in this Agreement or any other agreements between
      the parties, the Holder shall be entitled to its respective beneficial
      rights of ownership of the Rick’s Shares, including the right to vote the
      Rick’s Shares for any and all
purposes.

            

    

    

    
      	
              6.

            	
              The
      resale restrictions on the Rick’s Shares set forth in this Agreement shall
      be in addition to all other restrictions on transfer imposed by applicable
      United States and state securities laws, rules and
      regulations.

            

    

    

    
      	
              7.

            	
              If
      either Rick’s or the Holder fails to fully adhere to the terms and
      conditions of this Agreement, it shall be liable to the other party for
      any damages suffered by the other party by reason of any such breach of
      the terms and conditions hereof.  Rick’s and the Holder agree
      that in the event of a breach of any of the terms and conditions of this
      Agreement by Rick’s or the Holder, that in addition to all other remedies
      that may be available in law or in equity to Rick’s or the Holder, as the
      case may be, a preliminary and permanent injunction and an order of a
      court requiring Rick’s or the Holder to cease and desist from violating
      the terms and conditions of this Agreement and specifically requiring
      Rick’s or the Holder to perform their obligations hereunder is fair and
      reasonable by reason of the inability of the parties to this Agreement to
      presently determine the type, extent or amount of damages that Rick’s or
      the Holder may suffer as a result of any breach or continuation thereof.
      In the event of default hereunder, the non-defaulting party shall be
      entitled to recover reasonable attorney's fees incurred in the enforcement
      of this Agreement.

            

    

    

    
      
        
           

        

        
          Lock-Up/Leak-Out
Agreement - Page 2

          
            

          

        

        
           

        

      

    

    

    
      	
              8.

            	
              This
      Agreement sets forth the entire understanding of the parties hereto with
      respect to the subject matter hereof, and may not be amended except by a
      written instrument executed by the parties
  hereto.

            

    

    

    
      	
              9.

            	
              This
      Agreement shall be governed by, and construed in accordance with, the laws
      of the state of Nevada, without regard to principles of conflict of
      laws.

            

    

    

    
      	
              10.

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

            

    

    

    IN WITNESS WHEREOF, the
undersigned have duly executed and delivered this Agreement as of the day and
year first above written.

    

    

    
      	
              Dated:
      September 4 , 2008

            	
              RICK’S
      CABARET INTERNATIONAL, INC.

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              By:

            	
              /s/ Eric Langan

            
	 
      	 
      	
              Eric
      Langan, President

            
	 
      	 
      	 
      
	 
      	
              HOLDER:

            
	 
      	 
      	 
      
	 
      	
              DI
      FOOD AND BEVERAGE OF LAS VEGAS, LLC

            
	 
      	 
      	 
      
	 
      	
              By:

            	
              /s/ Dennis DeGori

            
	 
      	 
      	
              Dennis
      DeGori, Manager

            
	 
      	 
      	 
      
	 
      	
              Number
      of Rick’s Shares Subject to this Agreement:

            
	 
      	 
      	 
      
	 
      	
              200,000
      shares of Rick’s Shares

            

    

    
      

    

    
Lock-Up/Leak-Out Agreement
- Page 3ex10_4.htm

    
      

    

    Exhibit
10.4

    NON-COMPETITION
AGREEMENT

    

    This
Non-Competition Agreement dated September 4, 2008 (the "Non-Competition
Agreement"), is by and among Rick’s Cabaret International, Inc., a Texas
corporation, (“Rick’s”),  its wholly owned subsidiary, RCI
Entertainment (Las Vegas), Inc., a Nevada corporation (the “Buyer”) and Dennis
DeGori (“DeGori”), a Nevada resident (sometimes collectively referred to as the
“Parties”).

    

    W
I T N E S S E T H:

    

    WHEREAS, the parties entered
into an Asset Purchase Agreement dated April 17, 2008 , as subsequently amended
(the “Asset Purchase Agreement”), between the Buyer, Rick’s, D.I. Food and
Beverage of Las Vegas, LLC, a Nevada limited liability company (the “Seller”)
and Harold Danzig (“Danzig”), Frank Lovaas (“Lovaas”) and DeGori pursuant to
which Buyer will acquire substantially all of the assets of Seller in accordance
with the terms and conditions thereof (the “Transaction”); and

    

    WHEREAS, Seller owns and
operates an adult entertainment cabaret known as “SCORES” (“SCORES” or the
“Business”), located at 3355 Procyon Street, Las Vegas, Nevada 89102 (the “Real
Property”); and

    

    WHEREAS, pursuant to the terms
and conditions of the Asset Purchase Agreement, Seller has agreed to sell to
Buyer all of the assets related to the Business (the “Acquisition”);
and

    

    WHEREAS, DeGori is a member of
the Seller and will benefit from the Transaction; and

    

    WHEREAS, in connection with
the Transaction, Buyer has agreed to pay Seller consideration as more fully
described in the Asset Purchase Agreement; and

    

    WHEREAS, Buyer and Rick’s
require that DeGori enter into this Non-Competition Agreement as a condition to
Buyer and Rick’s entering into the Transaction; and

    

    WHEREAS, Buyer and Rick’s have
agreed to pay to DeGori, upon the execution hereof, an additional cash
consideration of $66,667 (the “Cash Consideration”) for entering into this
Non-Competition Agreement; and

    

    WHEREAS, DeGori agrees to
enter into this Non-Competition Agreement in consideration of acts and payments
on the part of Buyer and Rick’s as contemplated by the Transaction and by this
Non-Competition Agreement; and

    

    WHEREAS, all terms not defined
herein shall have the meaning set forth in the Asset Purchase
Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    NOW, THEREFORE, in
consideration of the premises, the closing of the Transaction, the Cash
Consideration and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as
follows:

    

    1.           Definitions.  "Proprietary
and confidential information" means information that is kept as confidential
including, but not limited to (i) financial information, consisting of financial
cost, and sales data and other information of SCORES; (ii) personnel information
of SCORES; (iii) and lists, whether written or in electronic form, of customers
and accounts, contracts, sales information, pricing lists, vendor and supplier
lists of SCORES.  Proprietary and confidential information shall not
include information available to the public through no fault of DeGori or
information required to be disclosed by court order.  Proprietary and
confidential information under this Agreement is also not intended to, nor shall
it include (a) information DeGori knew or possessed prior to his affiliation
with SCORES; (b) information DeGori obtained through other business operations;
(c) information not specific to SCORES, but used by DeGori in other business
operations, including, but not limited to Scores (Chicago), the Penthouse Club
and/or Scores (Los Angeles); or (d) other general industry knowledge possessed
by DeGori by virtue of his experience in the nightclub/adult entertainment
business.

    

    By way of
illustration only, proprietary and confidential information is meant to cover
written or electronic lists of customers and accounts, contracts, sales
information, pricing lists, vendor and supplier lists that are in the possession
of or maintained by SCORES.  The Parties acknowledge that DeGori is
not allowed to remove, replicate or maintain such any such lists after the
Transition (except for purposes relating to his Consulting
Agreement).  The Parties further acknowledge, however, that DeGori may
possesses such information through his other businesses and/or through his
general knowledge of the industry and that such knowledge and/or information is
not considered proprietary and confidential information for SCORES under this
Agreement.  The Parties further acknowledge that DeGori may possess
information relating to SCORES that is combined with information relating to
other business operations of which he is a member (e.g. comparative financial
information).  DeGori is not required by virtue of this Agreement to
turn over or destroy such information, provided it is not used in violation of
this Agreement.

    

    2.           Non-Disclosure and
Confidentiality Covenants.  DeGori acknowledges that
the  proprietary and confidential information of SCORES, as it exists
from time to time, is valuable to SCORES' business.  Additionally,
DeGori acknowledges that the business goodwill and business contacts
of  SCORES are being sold, transferred and conveyed to the Buyer and
will become the sole property of the Buyer and are among the most valuable
business assets being sold, transferred and conveyed to Buyer.  Buyer
acknowledges that an inseparable, but indeterminate amount of business goodwill
and business contacts are possessed by DeGori individually and not by SCORES and
that DeGori is not, and cannot, transfer such goodwill and contacts entirely
without losing his ability to work in the nightclub/adult entertainment
industry.  Therefore, in consideration of the mutual promises herein
contained, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, and to protect the foregoing
valuable property of SCORES, DeGori expressly covenants and agrees as
follows:

    

    DeGori
will not:

    

    (1)           Disclose,
directly or indirectly,  proprietary and confidential information, or
any part thereof, to any person, firm, corporation, association or other entity
for any reason or purpose whatsoever; or

    

    (2)           Directly
or indirectly use any of the SCORE's proprietary and confidential
information.

     

    
      
        
        

      

      
        Non-Competition
Agreement - Page 2

        
          

        

      

      
        
        

      

    

     

    3.           Covenant
Not to Compete.  For a period of twenty-four (24) months after
the date of execution of this Non-Competition Agreement (the “Term”), DeGori
specifically 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, officer, partner, consultant, owner or
part owner of any corporation, partnership or any type of business entity),
directly or indirectly, whether for compensation or not, compete
with  Buyer or the club known as SCORES by owning or sharing in the
earnings of, carrying on, managing, operating, controlling, being engaged in,
rendering services to, soliciting customers for, participating in or otherwise
being connected with, any business engaged in the operation of an establishment
providing live female nude or semi-nude adult entertainment in Clark County,
Nevada or in a radius of 25 miles of Clark County, Nevada; provided, however,
that this Non-Competition Agreement shall specifically exclude the Penthouse
Club and Bada Bing Club located in Clark County, Nevada.

    

    4.           Covenant
of Non-Solicitation and Employment of Employees and Independent
Contractors.  During the Term hereof and within Clark County,
Nevada and a radius of 25 miles of Clark County, Nevada, DeGori agrees not to
solicit or induce or attempt to solicit or induce any employee, independent
contractor, or agent or consultant of Buyer, or SCORES to leave his or her
employment or terminate his or her agreement or relationship or independent
contractor relationship with the Buyer or SCORES.  The Parties
acknowledge that some SCORES employees, independent contractors, agents and/or
consultants have long-standing relationships with DeGori and that it is
conceivable, although currently not contemplated by or known to DeGori, that
such persons may contact DeGori seeking employment.  In such an event,
and expressly provided that DeGori does not initiate contact with such a person,
it is not a breach of this Agreement for such employees to be hired at Penthouse
Club and Bada Bing Club, provided however, if DeGori is contacted by an existing
employee of SCORES or Buyer for employment then he shall not encourage, induce
or take and steps or actions to cause such person to be employed and will notify
the Buyer immediately upon such contact.

    

    5.           Acknowledgments
and Agreements of DeGori.  DeGori
acknowledges and agrees that:

    

    
      	
               
      

            	
              (a)

            	
              Due
      to the nature of Rick’s and Buyer’s business, the foregoing covenants
      place no greater restraint upon DeGori than is reasonably necessary to
      protect the business and goodwill of Rick’s or the
  Buyer;

            

    

    

    
      	
               
      

            	
              (b)

            	
              These
      covenants protect a legitimate interest of Rick’s and the Buyer and do not
      serve solely to limit Rick’s and the Buyer’s future
      competition;

            

    

     

    
      
        
        

      

      
        Non-Competition
Agreement - Page 3

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              (c)

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

            

    

    

    
      	
               
      

            	
              (d)

            	
              A
      breach of these covenants by DeGori would cause irreparable damage to
      Rick’s and Buyer;

            

    

    

    
      	
               
      

            	
              (e)

            	
              These
      covenants will not preclude DeGori from becoming gainfully employed
      following the closing of the Asset Purchase
  Agreement;

            

    

    

    
      	
               
      

            	
              (f)

            	
              These
      covenants are reasonable in scope and are reasonably necessary to protect
      Rick’s and the Buyer’s business and goodwill and valuable and extensive
      trade which Rick’s has established through its own expense and
      effort;

            

    

    

    
      	
               
      

            	
              (g)

            	
              The
      signing of this Non-Competition Agreement is necessary as part of the
      consummation of the Transaction previously discussed;
  and

            

    

    

    
      	
               
      

            	
              (h)

            	
              DeGori
      has carefully read and considered all provisions of this Non-Competition
      Agreement and agrees that all of the restrictions set forth are fair and
      reasonable and are reasonably required for the protection of the interests
      of Rick’s and the Buyer.

            

    

    

    6.           Remedies,
Injunction.  In the event of
an actual breach of any provisions of this Non-Competition Agreement by DeGori,
DeGori agrees that Rick’s and the Buyer shall be entitled to a temporary
restraining order, preliminary injunction and/or permanent injunction
restraining and enjoining DeGori from violating the provisions
herein.  Nothing in this Non-Competition Agreement shall be construed
to prohibit Rick’s or Buyer from pursuing any other available remedies for such
breach, including, without limitation, the recovery of damages, including
actual, indirect, incidental, consequential or punitive damages or lost or
imputed profits from DeGori.  DeGori further agrees that, for the
purpose of any such injunction proceeding, it shall be presumed that Rick’s and
the Buyer’s legal remedies would be inadequate and that Rick’s and the Buyer
would suffer irreparable harm as a result of any violation of the provisions of
this Non-Competition Agreement by DeGori.

    

    7.             Severability.  In the event that
any of the provisions of this Non-Competition Agreement are held to be invalid
or unenforceable in whole or in part, those provisions to the extent enforceable
and all other provisions shall nevertheless continue to be valid and enforceable
as though the invalid or unenforceable parts had not been included in this
Non-Competition Agreement.  In the event that any provision relating
to the time period or scope of a restriction shall be declared by a court of
competent jurisdiction to exceed the maximum time period or scope such court
deems reasonable and enforceable, then the time period or scope of the
restriction deemed reasonable and enforceable by the court shall become and
shall thereafter be the maximum time period or the applicable scope of the
restriction.  DeGori further agrees that such covenants and/or any
portion thereof are severable, separate and independent, and should any specific
restriction or the application thereof, to any person, firm, corporation, or
situation be held to be invalid, that holding shall not affect the remainder of
such provisions or covenants.

    

    8.           General
Provisions.

    

    
      	
               
      

            	
              (a)

            	
              Notices.  Any
      notices to be given hereunder by either party to the other may be effected
      either by personal delivery in writing or by mail, registered or
      certified, postage prepaid with return receipt requested or by a
      recognized overnight delivery service.  Mailed notices shall be
      addressed to the parties at the addresses set forth below, but each party
      may change their address by written notice in accordance with this
      Paragraph (a).  Notices delivered person­ally shall be
      deemed communicated as of actual receipt; mailed notices shall be deemed
      communicated as of three (3) days after mailing; and overnight delivery
      service shall be deemed delivered one (1) day after depositing with the
      overnight delivery service.

            

    

     

    
      
        
        

      

      
        Non-Competition
Agreement - Page 4

        
          

        

      

      
        
        

      

    

     

    
      
        	
                 
      

              	
                      
                  If
      to Rick’s or Buyer:

                

              	
                      
                  Eric
      Langan,
President

                

              

      

    

    10959
Cutten Road

    Houston,
Texas 77066

     

     

    
      	
               
      

            	
              With
      a copy to:

            	
              Mr.
      Robert D. Axelrod

            

    

    Axelrod,
Smith & Kirshbaum

    5300
Memorial Drive, Suite 700

    Houston,
Texas 77007

     

     

    
      	
               
      

            	
              If
      to DeGori:

            	
              Dennis
      DeGori

            

    

    _____________________

    _____________________

    

    

    
      	
               
      

            	
              With
      a copy to:

            	
              Trent
      P. Cornell

            

    

    Stahl
Cowen

    55 West
Monroe Street

    Suite
1200

    Chicago,
Illinois 60603

    

    
      	
               
      

            	
              (b)

            	
              Law Governing Non-Competition
      Agreement and Venue.  This Non-Competition Agreement
      shall be governed by, and construed in accordance with, the laws of the
      State of Nevada, without regard to principles of conflict of
      laws.  In any action between the Parties, each of the Parties
      consents to the exclusive jurisdiction and venue of the federal and state
      courts located in Clark County,
Nevada.

            

    

    

    
      	
               
      

            	
              (c)

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

            

    

    
      
         

      

      
        Non-Competition
Agreement - Page 5

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              (d)

            	
              Contract Terms to be
      Exclusive.  This Non-Competition Agreement contains the
      sole and entire agreement between the parties and shall supersede any and
      all other agreements between the parties with respect to the agreement of
      DeGori not to compete with Rick’s or the Buyer or
  SCORES.

            

    

    

    
      	
               
      

            	
              (e)

            	
              Waiver or Modification
      Ineffective Unless in Writing.  It is further agreed that
      no waiver or modification of this Non-Competition Agreement or of any
      covenant, condition, or limitation herein contained shall be valid unless
      in writing and duly executed by the party to be charged therewith and that
      no evidence of any waiver or modification shall be offered or received in
      evidence in any proceeding or litigation between the parties hereto
      arising out of or affecting this Non-Competition Agreement, or the rights
      or obligations of any party hereunder, unless such waiver or modification
      is in writing, duly executed as
aforesaid.

            

    

    

    
      	
               
      

            	
              (f)

            	
              Assignment.  The
      rights and benefits of Rick’s and the Buyer under this Non-Competition
      Agreement shall inure to the benefit of and be binding upon the successors
      and assigns of Rick’s and the Buyer.  The rights of DeGori
      hereunder are personal and nontransferable except that the rights and
      benefits hereof shall inure to the benefit of the heirs, executors and
      legal representatives of DeGori.

            

    

    

    
      	
               
      

            	
              (g)

            	
              Binding
      Effect.  Except as otherwise provided herein, this
      Non-Competition Agreement shall be binding upon and inure to the benefit
      of the parties hereto and their respective successors and
      assigns.

            

    

    

    [SIGNATURES
ON FOLLOWING PAGE]

    
      
         

      

      
        Non-Competition
Agreement - Page 6

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, this Non-Competition Agreement has been executed as of the
4th
day of September, 2008.

    

    

    
      	 
      	
              RICK’S
      CABARET INTERNATIONAL, INC.

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              By:

            	
              /s/ Eric Langan

            
	 
      	 
      	
                    Eric
      Langan, President

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              RCI
      ENTERTAINMENT (LAS VEGAS), INC.

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              By:

            	
              /s/ Eric Langan

            
	 
      	 
      	
                    Eric
      Langan, President

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              /s/ Dennis DeGori

            
	 
      	
              Dennis
      DeGori, Individually

            

    

    
 

    Non-Competition Agreement -
Page 7

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