TRIARC COMPANIES INC
LETTER AGREEMENT
<DOCUMENT>
<TYPE>EX-10.7
<SEQUENCE>8
<FILENAME>exh107.txt
<DESCRIPTION>LETTER AGREEMENT
<TEXT>

                                                                   Exhibit 10.7

                           TRIAN FUND MANAGEMENT, L.P.
                                 280 Park Avenue
                               New York, New York



                                 August 6, 2007

Triarc Companies, Inc.
280 Park Avenue
New York, New York

Re:      Assignment and Assumption of Lease dated as of July 1, 2007
         by and between Triarc Companies, Inc., as assignor and Trian
         Fund Management L.P., as assignee

Gentlemen:

All terms not otherwise  defined herein shall have the meanings ascribed to them
in the captioned assignment ("Assignment").

Triarc Companies,  Inc.  ("Triarc") has assigned to Trian Fund Management,  L.P.
("Trian")  that certain  Lease for Apartment  28A in the  Waldorf-Astoria  Hotel
pursuant to the Assignment.

The  Assignment  provided that upon  execution  and delivery of the  Assignment,
Assignee  was to pay to  Assignor  an  amount  equal  to the  Security  Deposit.
Notwithstanding  the foregoing  provisions of the Assignment,  in lieu of making
such  payment,  Triarc and Trian agree that the security  held by Hilton  Hotels
Corporation  ("Hilton")  under the Lease in the  amount of  $112,500  ("Original
Security") shall remain the property of Triarc and upon expiration of the Lease,
shall be returned to Triarc.  Any  additional  security  deposited by Trian with
Hilton shall be the property of Trian.

In the event Hilton, or its successors,  draws upon the Original Security, Trian
agrees to promptly replenish said Original Security so that all times, until the
expiration,  or earlier  termination,  of the Lease, the full Original  Security
shall remain on deposit with Hilton.  If Trian  defaults under the Lease and the
Lease is  terminated  and Hilton  retains  all or any  portion  of the  Original
Security, Trian shall, within ten (10) days thereafter,  pay to Triarc an amount
equal to the portion of the Original Security retained by Hilton.

If Trian renews the Lease beyond its current  expiration of July 31, 2010, Trian
shall pay to Triarc,  on July 31, 2010, an amount equal to the Original Security
and all  security  then held by  Hilton  shall at all  times  thereafter  be the
property of Trian.  In the event Hilton  fails to return the  security  upon the
expiration, or earlier termination, of the initial term of the Lease, subject to
the terms of the preceding sentence,  Trian agrees to commence such action as is
required to obtain a return of the security and diligently prosecute such action
to completion. Triarc and Trian agree to reasonably cooperate with each other in
the prosecution of any claim against Hilton.

                                  Very truly yours,

                                  Trian Fund Management, L.P.
                                  By: Trian Fund Management GP, LLC,
                                      its general partner


                                  By: /s/PETER W. MAY
                                     ---------------------------
                                     Name: Peter W. May
                                     Title: Member

Agreed To:

Triarc Companies, Inc.


By:  /s/FRANCIS T. MCCARRON
     ---------------------------------------
     Name:  Francis T. McCarron
     Title: Executive Vice President
            and Chief Financial Officer

</TEXT>
</DOCUMENT>
