February 14, 1997 Terrace Holdings, Inc. 2699 Stirling Road Suite C-405 Fort Lauderdale, FL 33312 Re: Amendment to Employment Agreement Ladies and Gentlemen: Reference is made to that certain Employment Agreement, made and entered into as of September...Employment Agreement • January 29th, 1998 • Terrace Holdings Inc • Retail-eating places
Reference is made to that certain Employment Agreement, made and entered into as of September 1, 1995, effective September 1, 1995, by and between Terrace Holdings, Inc., a Delaware corporation (the "Company") and myself. In consideration of the issuance to me of warrants to purchase 750,000 shares of the Company's common stock, upon the terms and conditions set forth in that certain Amendment to Asset Acquisition Agreement dated as of December 9, 1996, by and between the Company and DownEast Frozen Desserts, LLC, I hereby agree that Paragraph 10 of my Employment Agreement is deleted in its entirety and of no further force or effect. In all other respects, my Employment Agreement, as hereby amended, shall remain in full force and effect.
RECITALS:Agreement to Assign • January 29th, 1998 • Terrace Holdings Inc • Retail-eating places • New York
