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...Stock Acquisition Agreement • July 26th, 1999 • Urt Industries Inc • Retail-record & prerecorded tape stores • Florida
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...Loan Forgiveness Agreement • July 26th, 1999 • Urt Industries Inc • Retail-record & prerecorded tape stores
July 9, 1999 Peaches Entertainment Corporation 1180 East Hallandale Boulevard Hallandale, FL 33009 Gentlemen: It is the purpose of this letter to confirm our agreement that URT Industries, Inc. ("URT") agrees that the salary payable by Peaches...Urt Industries Inc • July 26th, 1999 • Retail-record & prerecorded tape stores
It is the purpose of this letter to confirm our agreement that URT Industries, Inc. ("URT") agrees that the salary 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 $20,833.33 per month ($250,000 per annum), for a period of three months effective January 1, 1999 and continuing until April 3, 1999. Other than as set forth immediately above, the Intercorporate Agreement shall remain in full force and effect.
As of October 1, 1997Urt Industries Inc • July 26th, 1999 • Retail-record & prerecorded tape stores
December 23, 1998 Mr. Allan Wolk 1180 East Hallandale Beach Boulevard Hallandale, FL 33009 Dear Mr. Wolk: It is the purpose of this letter to confirm our agreement to further amend the Amended and Restated Employment Agreement, dated as of the first...Urt Industries Inc • July 26th, 1999 • Retail-record & prerecorded tape stores
It is the purpose of this letter to confirm our agreement to further amend the Amended and Restated Employment Agreement, dated as of the first day of October, 1994 (the "Employment Agreement"), between URT Industries, Inc. ("URT"), and yourself ("Employee"), as previously amended, in the manner described below:
EXHIBIT 10.12 [Letterhead of URT Industries, Inc.] December 23, 1998 Peaches Entertainment Corporation 1180 East Hallandale Boulevard Hallandale, FL 33009 Gentlemen: It is the purpose of this letter to confirm our agreement that URT Industries, Inc....Urt Industries Inc • July 26th, 1999 • Retail-record & prerecorded tape stores
It is the purpose of this letter to confirm our agreement that URT Industries, Inc. ("URT") agrees that the salary 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 $20,833.33 per month ($250,000 per annum), for a period of nine months effective April 1, 1998 and continuing until December 31, 1998. Other than as set forth immediately above, the Intercorporate Agreement shall remain in full force and effect.
May 28, 1999 Peaches Entertainment Corporation 1180 East Hallandale Beach Blvd. Hallandale, FL 33009 Gentlemen: It is the purpose of this letter agreement to confirm that, in consideration of the benefit which would be expected to accrue to URT...Urt Industries Inc • July 26th, 1999 • Retail-record & prerecorded tape stores
It is the purpose of this letter agreement to confirm that, in consideration of the benefit which would be expected to accrue to URT Industries, Inc. ("URT"), URT hereby agrees that, in the event that funds generated from the operations of Peaches Entertainment Corporation ("PEC"), and the proceeds of debt financing, are insufficient to meet PEC's current projected operating requirements during the fiscal year period ending April 2, 2000, then URT will take any necessary action to see that funds are available to cover any such shortfall up to April 2, 2000.
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...Urt Industries Inc • July 26th, 1999 • Retail-record & prerecorded tape stores • Florida
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,...Urt Industries Inc • July 26th, 1999 • Retail-record & prerecorded tape stores
