URT INDUSTRIES INC
EXHIBIT 10.27
<DOCUMENT>
<TYPE>EX-10.27
<SEQUENCE>5
<FILENAME>d23844_ex10-27.txt
<DESCRIPTION>EXHIBIT 10.27
<TEXT>


                                  EXHIBIT 10.27

                      [Letterhead of URT Industries, Inc.]

                                  June 12, 2000

Peaches Entertainment Corporation
1180 East Hallandale Beach Blvd.
Hallandale, FL  33009

Gentlemen:

     It is the purpose of this letter  agreement  between URT  Industries,  Inc.
("URT")  and  Peaches  Entertainment  Corporation  ("PEC") to confirm  that,  in
consideration  of the benefit  which  would be  expected  to accrue to URT,  URT
hereby agrees that, in the event that PEC's auditor,  Rachlin Cohen & Holtz LLP,
issues an opinion with respect to its  financial  statements  for the year ended
April 1, 2000 which is unqualified (i.e., in the same form as the opinion issued
with respect to the year ended April 3, 1999),  and if funds  generated from the
operations of PEC, and the proceeds of debt financing,  are insufficient to meet
PEC's current projected operating requirements during the one year period ending
April 1,  2001,  then URT will take any  necessary  action to see that funds are
available to cover any such shortfall up to April 1, 2001.

Please sign below to evidence our agreement.

                                          Very truly yours,


                                          URT Industries, Inc.


                                          By: /s/ Jason Wolk
                                              ----------------------------
                                              Executive Vice President

Agreed and Approved:

Peaches Entertainment Corporation

By: /s/ Brian Wolk
    ----------------------------
    Executive Vice-President

</TEXT>
</DOCUMENT>
