Urt Industries Inc Sample Contracts

Urt Industries Inc – PROMISSORY NOTE (July 26th, 1999)

Exhibit 10.9 PROMISSORY NOTE Hallandale, Florida $150,000.00 September 15, 1998 FOR VALUE RECEIVED, PEACHES ENTERTAINMENT CORPORATION ("Borrower'), a Florida corporation whose principal place of business is located at 1180 East Hallandale Beach Boulevard, Hallandale, Florida 33009, does hereby promise to pay to the order of URT INDUSTRIES, INC. (the "Payee"), whose address is 1180 East Hallandale Beach Boulevard, Hallandale, Florida 33009, the sum of ONE HUNDRED AND FIFTY THOUSAND DOLLARS ($150,000.00) on December 25, 1998, with interest on such principal amount at the prime rate then charged by Barnett Bank, at the time of repayment, to its best commercial customers, plus a margin of 2% per annum. Payment of this Note shall be made at the Payee's above-

Urt Industries Inc – STOCK ACQUISITION AGREEMENT (July 26th, 1999)

EXHIBIT 10.6 STOCK ACQUISITION AGREEMENT AGREEMENT dated this 22nd day of July, 1998 between URT Industries, Inc. (the "Corporation"), whose address is 1180 East Hallandale Beach Boulevard, Hallandale, Florida 33009, and Brian Wolk ("Wolk"), with an address at 1180 East Hallandale Beach Boulevard, Hallandale, Florida 33009. WHEREAS, the Corporation, in recognition of the substantial services provided by Wolk to the Corporation and its subsidiary, Peaches Entertainment Corporation ("PEC"), has offered to transfer to Wolk certain shares of PEC's common stock which are owned by the Corporation, upon the terms and conditions, and subject to the restrictions, contained herein, and Wolk has agreed to acquire such shares upon such terms and conditions, and subject to such restrictions; IT IS, THEREFORE, AGREED: 1. Issuance of Shares to Wolk (a) The Corporatio

Urt Industries Inc – FIRST ADDENDUM TO LEASE (July 26th, 1999)

EXHIBIT 10.10 FIRST ADDENDUM TO LEASE (Peaches Music & Video Store No. 7) AGREEMENT made and entered into this 30th day of September, 1998 by and between ALLAN WOLK and SHEFFIELD WOLK, with an address at 1180 East Hallandale Beach Boulevard, Hallandale, Florida 33009 (hereinafter collectively referred to as "Landlord") and PEACHES ENTERTAINMENT CORPORATION, a Florida corporation whose address is 1180 East Hallandale Beach Boulevard, Hallandale, Florida 33009 (hereinafter referred to as "Tenant"). W I T N E S S E T H : WHEREAS, Landlord and Tenant are the landlord and tenant respectively under a Lease Agreement dated March 21, 1978 (the "Lease") between Nehi Record Distributing Corp. ("Nehi") as landlord, and Peaches Records and Tapes, Inc. ("PRT"), as tenant, with respect to the Peaches Music and Video store and surrounding

Urt Industries Inc – LOAN FORGIVENESS AGREEMENT (July 26th, 1999)

EXHIBIT 10.11 LOAN FORGIVENESS AGREEMENT AGREEMENT dated as of the 29th day of November, 1997 between URT INDUSTRIES, INC. ("URT"), a Florida corporation with offices at 1180 East Hallandale Beach Boulevard, Hallandale, Florida 33009, and PEACHES ENTERTAINMENT CORPORATION ("PEC"), a Florida corporation with offices at 1180 East Hallandale Beach Boulevard, Hallandale, Florida 33009. WHEREAS, in order to cause PEC's Plan of Reorganization, as modified, to be approved and confirmed by the U.S. Bankruptcy Court, URT lent $700,000 to PEC and, in exchange, PEC delivered to URT its promissory note in such principal amount dated January 27, 1997 (the "Note"), and WHEREAS, URT wishes to further assist PEC by forgiving a portion of the principal and interest payable under the Note, IT IS, THEREFORE, AGREED: 1. In consider

Urt Industries Inc – PROMISSORY NOTE (July 26th, 1999)

EXHIBIT 10.15 PROMISSORY NOTE --------------- Hallandale, Florida $275,000.00 April 19, 1999 ----------- ------------------- FOR VALUE RECEIVED, PEACHES ENTERTAINMENT CORPORATION ("Borrower"), a Florida corporation whose principal place of business is located at 1180 East Hallandale Beach Boulevard, Hallandale, Florida 33009, does hereby promise to pay to the order of URT INDUSTRIES, INC. (the "Payee"), whose address is 1180 East Hallandale Beach Boulevard, Hallandale, Florida 33009, the sum of TWO HUNDRED AND SEVENTY-FIVE THOUSAND DOLLARS ($275,000.00) on or before December 29,1999, without interest. Payment of this Note shall be made at the Payee's above-described address in such currency o

Urt Industries Inc – STOCK ACQUISITION AGREEMENT (July 26th, 1999)

EXHIBIT 10.7 STOCK ACQUISITION AGREEMENT AGREEMENT dated this 22nd day of July, 1998 between URT Industries, Inc. (the "Corporation"), whose address is 1180 East Hallandale Beach Boulevard, Hallandale, Florida 33009, and Jason Wolk ("Wolk"), with an address at 1180 East Hallandale Beach Boulevard, Hallandale, Florida 33009. WHEREAS, the Corporation, in recognition of the substantial services provided by Wolk to the Corporation and its subsidiary, Peaches Entertainment Corporation ("PEC"), has offered to transfer to Wolk certain shares of PEC's common stock which are owned by the Corporation, upon the terms and conditions, and subject to the restrictions, contained herein, and Wolk has agreed to acquire such shares upon such terms and conditions, and subject to such restrictions; IT IS, THEREFORE, AGREED: 1. Issuance of Shares to Wolk (a) The Corporation

Urt Industries Inc – LOAN FORGIVENESS AGREEMENT (July 13th, 1998)

Exhibit 10.2 LOAN FORGIVENESS AGREEMENT AGREEMENT dated as of the 29th day of November, 1997 between URT INDUSTRIES, INC. ("URT"), a Florida corporation with offices at 1180 East Hallandale Beach Boulevard, Hallandale, Florida 33009, and PEACHES ENTERTAINMENT CORPORATION ("PEC"), a Florida corporation with offices at 1180 East Hallandale Beach Boulevard, Hallandale, Florida 33009. WHEREAS, in order to cause PEC's Plan of Reorganization, as modified, to be approved and confirmed by the U.S. Bankruptcy Court, URT lent $700,000 to PEC and, in exchange, PEC delivered to URT its promissory note in such principal amount dated January 27, 1997 (the "Note"), and WHEREAS, URT wishes to further assist PEC by forgiving a portion of the principal and

Urt Industries Inc – INDEMNIFICATION AGREEMENT (April 28th, 1997)

Exhibit 10(mmmm) INDEMNIFICATION AGREEMENT AGREEMENT made as of the 14th day of July, 1995, by and between URT INDUSTRIES, INC. (the "Company"), a Florida corporation, whose address is 3451 Executive Way, Miramar, Florida 33025 , and BRIAN WOLK, whose office address is 3451 Executive Way, Miramar, Florida 33025 (the "Indemnitee"). The Company believes that in order to induce competent persons to continue to serve as officers and directors and to attract and retain additional persons to serve in such capacities, it is in the best interests of the Company to provide them with adequate protection against inordinate risks of claims and actions against them arising out of such service; It believes that it is reasonable, prudent and necessary for the Company, contractually, to obligate itself to inde

Urt Industries Inc – INDEMNIFICATION AGREEMENT (April 28th, 1997)

Exhibit 10(nnnn) INDEMNIFICATION AGREEMENT AGREEMENT made as of the 14th day of July, 1995, by and between URT INDUSTRIES, INC. (the "Company"), a Florida corporation, whose address is 3451 Executive Way, Miramar, Florida 33025 , and JASON WOLK, whose office address is 3451 Executive Way, Miramar, Florida 33025 (the "Indemnitee"). The Company believes that in order to induce competent persons to continue to serve as officers and directors and to attract and retain additional persons to serve in such capacities, it is in the best interests of the Company to provide them with adequate protection against inordinate risks of claims and actions against them arising out of such service; It believes that it is reasonable, prudent and necessary for the Company, cont

Urt Industries Inc – It is the purpose of this letter agreement to confirm that: (February 14th, 1996)

EXHIBIT 10.63 January 1, 1996 I understand that URT is simultaneously entering into a letter agreement dated January 1, 1996 (the "Intercorporate Agreement") with its subsidiary, Peaches Entertainment Corporation ("PEC"), which provides that URT will make available to PEC, for the balance of the Period of Employment described in my Employment Agreement with URT dated October 1, 1994 (the "Employment Agreement"), my services as PEC's Chairman, President and Chief Executive Officer and that PEC will pay directly to me, as compensation for such services, the amount described in the Intercorporate Agreement. It is the purpose of this letter agreement to confirm that: 1. I agree to perform for PEC the services described in the Intercorporate Agreement. 2. If, and to the extent that and so long as I receive from PEC the compensation described in the Intercorporate Agreemen