Oral Consulting Agreement between the Company and Ralph Dillon

Summary

The Company has an oral consulting agreement with Ralph Dillon, its Chairman of the Board. Under this agreement, Mr. Dillon provides advice and consultation on strategic planning, general operations, and merchandising programs. In return, the Company pays him a consulting fee of $10,000 per month. The agreement is not in writing and covers ongoing advisory services.

EX-10.10 3 y45339ex10-10.txt DESCRIPTION OF ORAL CONSULTING AGREEMENT 1 EXHIBIT 10.10 DESCRIPTION OF ORAL CONSULTING AGREEMENT BETWEEN THE COMPANY AND RALPH DILLON The Company is party to an oral consulting agreement with Ralph Dillon, Chairman of the Board of Directors of the Company. Pursuant to this agreement, Mr. Dillon advises and consults with the Company with respect to strategic planning, general operations and merchandising programs. In exchange for such services the Company pays Mr. Dillon a consulting fee of $10,000 per month.