EXHIBIT 10
CIT Business Credit T: 212 536-1200
1211 Avenue of the Americas
New York, NY 10036
August 21, 2000
[CIT LOGO]
UNITED RETAIL GROUP, INC.
UNITED RETAIL INCORPORATED
CLOUDWALKERS, INC.
365 West Passaic Street
Rochelle Part, NJ 07662
We refer to the Financing Agreement between us dated August 15, 1997, as
amended (herein the "Financing Agreement"). Capitalized terms used and not
otherwise defined herein shall have the meanings specified therein unless
otherwise specifically defined herein.
This letter is to confirm that pursuant to mutual consent and
understanding, effective as of the date hereof, the definition of
Anniversary Date as referred to in Section 1 of the Financing Agreement
shall be, and hereby is, deleted in its entirety and replaced by the
following:
"ANNIVERSARY DATE shall mean August 15, 2004 and the same
date in every year thereafter."
Except as herein specifically provided, the Agreement remains in full force
and effect in accordance with its terms and no other changes in the terms
or provisions of the Agreement is intended or implied. If you are in
agreement with the foregoing, please so indicate by signing and returning
to us the enclosed copy of this letter.
Very truly yours,
THE CIT GROUP/BUSINESS CREDIT, INC.,
as Agent and Lender
By: KAREN HOFFMAN
---------------------------------
Title: Vice President
Read and Agreed to:
UNITED RETAIL GROUP, INC.
By JON GROSSMAN
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Title: Vice President - Finance
UNITED RETAIL INCORPORATED
By KENNETH P. CARROLL
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Title: President
CLOUDWALKERS, INC.
By GEORGE R. REMETA
----------------------------------
Title: President
