Amendment to Intercorporate Agreement Between URT Industries, Inc. and Peaches Entertainment Corp. Regarding Compensation to Allan Wolk

Summary

URT Industries, Inc. and Peaches Entertainment Corp. have agreed that the compensation payable to Allan Wolk for his services, under their existing agreement dated January 1, 1996 (as previously amended), will be set at $248,000 for the fiscal year ending April 1, 2000. All other terms of the original agreement remain unchanged. This amendment is confirmed by both parties' signatures.

EX-10.90 7 d23845_ex10-90.txt EXHIBIT 10.90 EXHIBIT 10.90 URT Industries, Inc. 1180 E. Hallandale Beach Blvd. Hallandale, Florida 33009 April 14, 2000 Peaches Entertainment Corp. 1180 East Hallandale Beach Blvd. Hallandale, Florida 33009 Gentlemen: It is the purpose of this letter to confirm the agreement of URT Industries, Inc. ("URT") that the compensation payable by Peaches Entertainment Corporation ("PEC") to Allan Wolk, pertaining to the services of Allan Wolk, pursuant to the agreement dated January 1, 1996 between URT and PEC, as such agreement has previously been amended (the "Intercorporate Agreement"), shall be $248,000 for the fiscal year ending April 1, 2000. Other than as set forth immediately above, the Intercorporate Agreement shall remain in full force and effect. Please sign below to evidence our agreement. Very truly yours, URT Industries, Inc. By: /s/ Brian Wolk ------------------------- Executive Vice-President Agreed to and approved: Peaches Entertainment Corporation By: /s/ Jason Wolk ------------------------- Executive Vice-President -55-