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This excerpt taken from the RICK 8-K filed May 14, 2008. Feasibility
Study. (a) On or
before (i) ten (10) days after the approval of RCI Entertainment’s application
for sexually oriented business license by the City of Dallas and (ii) the
transfer of all other permits utilized to operate the Platinum Club II (but in
no event later than August 31, 2008), Purchaser may conduct its due diligence on
the Property, including but not limited to, studies or tests or to conduct an
engineering and/or economic feasibility study of the Property, which studies and
tests may have included, without limitation, financial and marketing analyses,
soil tests, topographical analysis, engineering studies, environmental studies
and tests and similar preliminary work. Purchaser hereby expressly waives the
right to any additional period of time for same.
(b) Notwithstanding
the foregoing, Purchaser shall indemnify and defend Seller and hold Seller
harmless from and against any and all claims, liabilities or damages to the
Property or against Seller caused by Purchaser's and/or Purchaser's authorized
agents', representatives' or employees' actions during the or as a result of any
inspection of the Property by such parties during such time period.
ARTICLE
V
REPRESENTATIONS,
WARRANTIES, COVENANTS AND AGREEMENTS
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