Exhibit 10.73

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                                WAIVER AGREEMENT

     AGREEMENT dated this 1st day of March,  1997 between URT  INDUSTRIES,  INC.
("URT"),  a Florida  corporation  with  offices  at 1180 East  Hallandale  Beach
Boulevard,  Hallandale,  Florida 33009,  and PEACHES  ENTERTAINMENT  CORPORATION
("PEC"),  a Florida  corporation  with  offices  at 1180 East  Hallandale  Beach
Boulevard, Hallandale, Florida 33009.

          WHEREAS,  URT is the owner of 2,500  shares of the Series A  preferred
          stock of PEC and 2,500 shares of the Series B preferred  stock of PEC,
          all such shares having a par value of $100 per share, and

          WHEREAS, URT is entitled to receive a dividend on the shares of Series
          A preferred  stock of PEC which are owned by it at the rate of 11% per
          annum of the par value  thereof and a dividend on the shares of Series
          B preferred  stock of PEC which are owned by it at the rate of 13% per
          annum of the par value thereof, and

          WHEREAS,  the aggregate dividends payable on the shares of both series
          of preferred  stock of PEC which are owned by URT, for the period from
          January 1, 1996 through March 31, 1997, equal $75,000, and

          WHEREAS,  PEC has recently  emerged from Chapter 11 proceedings  which
          were pending in the U. S. Bankruptcy  Court for the Southern  District
          of Florida,  pursuant to a plan of  reorganization  dated  October 23,
          1996 which was  confirmed  by an order of  confirmation  of such Court
          dated January 17, 1997, and

          WHEREAS,  URT, in addition to other benefits  heretofore  conferred on
          PEC,  wishes  to  assist it  during  its  post-confirmation  period by
          waiving its right to receive such dividends,


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          IT IS, THEREFORE, AGREED:

     1. In  consideration  of $1.00 and other  good and  valuable  consideration
received  by it, URT agrees to and does  hereby  waive its right to receive  all
dividends payable on the shares of Series A and Series B preferred stock of PEC,
which are owned by URT, for the period from  January 1, 1996  through  March 31,
1997, such waived dividends aggregating $75,000.

     2. Such waiver  shall not apply to any  dividends  payable  after March 31,
1997 by PEC on shares of preferred stock of PEC.

     3. URT agrees to execute and deliver  such other and further  documents  at
any time as PEC may reasonably request in order to further evidence such waiver.

     4. This Agreement shall be governed by the law of the State of Florida.

     IN WITNESS WHEREOF, each of the undersigned has executed this

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document on the date and year first set forth above.

                                         URT INDUSTRIES, INC.

                                         By:      s/Brian Wolk
                                             ----------------------------


                                         PEACHES ENTERTAINMENT CORPORATION

                                         By:      s/Jason Wolk
                                             ----------------------------


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