ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
As previously reported on in a current report filed onDecember 15, 2022 ,RCI Hospitality Holdings, Inc. ("RCIH," "we," or "us") and certain subsidiaries entered into definitive agreements onDecember 12, 2022 to acquire five gentlemen's clubs, five related real estate properties, associated intellectual property and certain automated teller machines for a total purchase price of$66.5 million , which clubs and real estate are located in theDallas-Fort Worth area andHouston, Texas . Included in these definitive agreements are (i) five different Asset Purchase Agreements under which the five clubs are to be purchased (collectively, the "Asset Purchase Agreements"), (ii) two Intellectual Property Purchase Agreements under which certain intellectual property is to be purchased, (iii) an Asset Purchase Agreement under which certain automated teller machines are to be purchased (the "ATM Purchase Agreement"), and (iv) a Purchase and Sale Agreement under which the real estate properties are to be purchased (the "Real Estate Purchase Agreement"). Each of the Asset Purchase Agreements, IP Purchase Agreements, ATM Purchase Agreement and Real Estate Purchase Agreement provided that such agreements will terminate and be of no force and effect if the transactions contemplated by such agreements are not consummated on or beforeJanuary 31, 2023 . OnJanuary 25 and 26, 2023, the parties to those agreements entered into amendment agreements whereby this date was extended toFebruary 28, 2023 . The descriptions above of the nine amendment agreements are qualified in their entirety by reference to the terms of such agreements, copies of which are filed hereto as Exhibits 10.1 through 10.9, respectively, and are incorporated herein by reference. The agreements included as exhibits to this current report have been included to provide investors and security holders with information regarding their terms. They are not intended to provide any other factual information about RCIH, any parties to such agreements or their respective subsidiaries and affiliates. The agreements contain representations and warranties certain parties made solely for the benefit of such parties. The assertions embodied in those representations and warranties are subject to qualifications and limitations agreed to by the respective parties in negotiating the terms of the agreements. Moreover, certain representations and warranties in the agreements were made as of a specified date, may be subject to a contractual standard of materiality different from what might be viewed as material to investors, or may have been used for the purpose of allocating risk between the parties, rather than establishing matters as facts. Accordingly, the representations and warranties in the agreements should not be relied on by any persons as characterizations of the actual state of facts about RCIH or any other parties to the agreements at the time they were made or otherwise. In addition, information concerning the subject matter of the representations and warranties may change after the date of the agreements, which subsequent information may or may not be fully reflected in RCIH's public disclosures.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits Exhibit Number Description 10.1 Amendment to Asset Purchase Agreement withTTNA, Inc. datedJanuary 25, 2023 10.2 Amendment to Asset Purchase Agreement with
January 25, 2023 10.3 Amendment to Asset Purchase Agreement with D uncan B urch , Inc. dated January 25, 2023 10.4 Amendment to Asset Purchase Agreement with
Inc. dated January 25, 2023 10.5 Second Amendment to Asset Purchase
Agreement with T AND N,
INCORPORATED datedJanuary 25, 2023
(this Asset Purchase Agreement was
previously amended to correct a misspelling - the original version spelled the seller ' s name as " T & N, Inc. " ) 10.6 Amendment to Intellectual Property Purchase
Agreement with
Management LLC datedJanuary 25, 2023 10.7 Amendment to Intellectual Property Purchase
Agreement with
January 25, 2023 10.8 Amendment to Asset Purchase Agreement with ECAL-D&D , Inc. dated January 25, 2023 10.9 Amendment to Purchaser and Sale Agreement
with
2023 104 Cover Page Interactive Data File (embedded
within the Inline XBRL document)
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