WARRANT TO PURCHASE COMMON STOCK OF RICK’S CABARET INTERNATIONAL, INC.Warrant Agreement • March 6th, 2014 • Ricks Cabaret International Inc • Retail-eating & drinking places • Texas
This certifies that, for value received, RICK’S CABARET INTERNATIONAL, INC., a Texas corporation (the “Company”), grants Montgomery Street Research, LLC, whose address is 2027 E. Colter Street, Phoenix, Arizona, 85016, or its registered assigns (the “Registered Holder”), the right to subscribe for and purchase from the Company, at the Exercise Price (as defined herein), from and after 9:00 a.m. Texas time on February 7, 2014 (the “Exercise Date”) and to and including 5:00 p.m., Texas time on the second anniversary of the Exercise Date, being February 7, 2016 (the “Expiration Date”), 100,000 shares, as such number of shares may be adjusted from time to time as described herein (the “Warrant Shares”), of the Company’s common stock, par value $.01 per share (the “Common Stock”), subject to the provisions and upon the terms and conditions herein set forth. The “Exercise Price” per share of Common Stock shall be $11.77 per share (as may be adjusted from time to time as described herein).
WARRANT TO PURCHASE COMMON STOCK OF RICK’S CABARET INTERNATIONAL, INC.Warrant Agreement • March 6th, 2014 • Ricks Cabaret International Inc • Retail-eating & drinking places • Texas
This Warrant is issued in connection with the transactions described in that certain Subscription Agreement between the Company and the Registered Holder dated as of October 15, 2013 (the “Subscription Agreement”). The Registered Holder of this Warrant is subject to certain restrictions set forth in the Subscription Agreement and shall be entitled to certain rights and privileges set forth in the Subscription Agreement.
