Exhibit 10.10
AMENDMENT TO INTERIM SERVICES AGREEMENT
This Amendment, dated June 5, 2002, to the Interim Services Agreement
dated February 11, 2002 (the "Interim Services Agreement"), between Mazel
Stores, Inc. ("Stores") and MZ Wholesale Acquisition, LLC d/b/a Mazel Company
("Mazel").
WHEREAS, the parties hereto desire to extend the term of the Interim
Services Agreement which currently expires on August 11, 2002.
NOW, THEREFORE, the parties agree as follows:
1. Term. The term of the Interim Services Agreement is extended to
August 31, 2003, provided that Stores may terminate this Agreement
earlier of ninety (90) days' prior written notice provided such
early termination may not occur prior to December 31, 2002.
2. Compensation. Commencing on August 12, 2002, Stores shall pay
Mazel for services under the Interim Services Agreement the sum of
$8,333.33 per month. The compensation shall be increased by one-
half (1/2) of any increase in the regular maintenance contract
costs allocable to the Computer Equipment. The regular maintenance
contract costs that exist as of August 11, 2002 shall be the baseline
for determining any increase. Mazel agrees to furnish Stores with
evidence of the increased maintenance costs should Stores request
such evidence.
The cost paid by Mazel for the use of the Director of Corporate
Information Services and the cost paid by Stores for secretarial support shall
remain unchanged from those amounts set forth in Sections 1B and 1C of the
Interim Services Agreement.
3. Ratification. All other terms of the Interim Services Agreement are
ratified and affirmed by this Amendment.
Executed this ___ day of June, 2002.
MAZEL STORES, INC.
By:
---------------------------------------
Xxxxxx Xxxxxxx, Chief Executive Officer
MZ WHOLESALE ACQUISITION, LLC
d/b/a Mazel Company
By:
---------------------------------------
Xxxxxx Xxxxxxx, Chief Executive Officer
