EXHIBIT 10.85Peaches Entertainment Corp • November 22nd, 2000 • Retail-record & prerecorded tape stores
LEASE YEARS ANNUAL NET MINIMUM RENT ----------- ----------------------- 1ST-10TH $90,000.00 11TH-20TH $103,500.00Lease • November 22nd, 2000 • Peaches Entertainment Corp • Retail-record & prerecorded tape stores • Florida
EXHIBIT 10.88 SUBORDINATION AGREEMENT This Agreement. dated as of May 11, 2000 is made between and among Peaches Entertainment Corp. ("Peaches"), URT Industries, Inc. ("URT"), and Allan Wolk Individual Retirement Account Rollover, each with an address...Subordination Agreement • November 22nd, 2000 • Peaches Entertainment Corp • Retail-record & prerecorded tape stores
THIS INSTRUMENT PREPARED BY AND WHEN RECORDED RETURN TO: Brendan R. Marx, Esq. Gerstein & Churchill, P.C. 300 Park Avenue New York, New York 10022 ------------------------------------------------------------------------ SPACE ABOVE LINE FOR RECORDER'S USEMortgage and Security Agreement • November 22nd, 2000 • Peaches Entertainment Corp • Retail-record & prerecorded tape stores • Alabama
EXHIBIT 10.89Peaches Entertainment Corp • November 22nd, 2000 • Retail-record & prerecorded tape stores
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...Peaches Entertainment Corp • November 22nd, 2000 • Retail-record & prerecorded tape stores
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.
URT INDUSTRIES, INC. 1180 East Hallandale Beach Boulevard Hallandale, Florida 33009Peaches Entertainment Corp • November 22nd, 2000 • Retail-record & prerecorded tape stores
URT Industries, Inc. ("URT") and Peaches Entertainment Corporation ("Peaches") have entered into an agreement dated August 1, 2000 under which a proposal to effect the transaction described therein with respect to Peaches' Mobile, Alabama property is subject to obtaining, by November 1, 2000, the approval of Barnett Bank or its successor (the "Bank") to keep its existing payment schedule in place in connection with the proposed arrangements described in such agreement. The purpose of this letter is to confirm our agreement that for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, URT and PEC have agreed to extend to December 1, 2000 the November 1, 2000 deadline so contained in such August 1, 2000 agreement.
