EXHIBIT 10.92
URT INDUSTRIES, INC.
1180 East Hallandale Beach Boulevard
Hallandale, Florida 33009
October 30, 2000
Peaches Entertainment Corporation
1180 East Hallandale Blvd.
Hallandale, FL 33009
Gentlemen:
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.
Please sign below to evidence our agreement.
Very truly yours,
URT INDUSTRIES, INC.
By: /s/ Brian Wolk
------------------------
Executive Vice-President
AGREED TO AND APPROVED:
PEACHES ENTERTAINMENT CORPORATION
By: /s/ Jason Wolk
-------------------------
Executive Vice-President
