<PAGE>



                                                                   EXHIBIT 10.27

                               AMENDMENT AGREEMENT

     THIS AMENDMENT AGREEMENT is made as of this 10th day of March, 1998,
between Creative Bakeries, Inc., a New York corporation ("Purchaser") and Yona
Abrahami ("Seller"). All capitalized terms not defined herein shall have the
meanings ascribed to such terms in the Stock Purchase Agreement (as such term is
defined below).

                              W I T N E S S E T H:

     WHEREAS, Purchaser, Seller and Chatterley Elegant Desserts, Inc. (the
"Company") entered into that certain Stock Purchase Agreement dated as August
27, 1997 (the "Stock Purchase Agreement"), pursuant to which Purchaser purchased
from Seller all of the capital stock of the Company (the "Stock");

     WHEREAS, in payment of the purchase price (the "Purchase Price") for the
Stock, Purchaser delivered to Seller 1,300,000 shares of common stock of
Purchaser ("Creative Shares");

     WHEREAS, Purchaser has made a claim (the "Claim") for indemnification
against Seller based upon certain alleged misrepresentations and warranties of
Seller contained in the Stock Purchase Agreement relating to certain financial
statements of the Company furnished by Seller to Purchaser;

     WHEREAS, the parties hereto have reached a mutually satisfactory resolution
of all issues and disputes relating to the Claim; and

     WHEREAS, the parties wish to make certain other amendments to the Stock
Purchase Agreement.

     NOW, THEREFORE, in consideration of the foregoing and the mutual covenants,
agreements and warranties herein contained, the parties agree as follows:


<PAGE>

<PAGE>


     1.   Amendment to Stock Purchase Agreement.

          1.1  Non-Survival of Financial Statement Representations. 
               Notwithstanding anything in the Stock Purchase Agreement to the
               contrary, the provisions of Sections 4.10, 4.13(a), 4.14(a)(iii),
               the first sentence of 4.14(b), 4.20 and 4.21 of the Stock
               Purchase Agreement shall be deleted in their entirety and shall
               have no further force and effect and each party hereto shall have
               no further liability or obligation to any other party hereto
               pursuant to such provision. In addition, effective as of the date
               of the Stock Purchase Agreement, (i) the phrase in the second
               sentence of Section 4.17 of the Stock Purchase Agreement which
               reads "... the Company has paid in all respects or accrued all
               amounts due thereunder to be satisfied or provided for through
               the date hereof ..." shall be deleted and (ii) the first sentence
               of Section 4.26 of the Stock Purchase Agreement is amended to add
               the phrase "as amended by the Amendment Agreement dated March 10,
               1998" after the word "Agreement" and to delete the phrase "nor
               the Company Financial Statements, nor any other financial
               statements."

          1.2  Non-Survival of Representations and Warranties. The Stock
               Purchase Agreement is hereby further amended to provide that the
               remaining representations and warranties (other than
               representations and warranties relating to Taxes which shall
               survive for the applicable statute of limitations) contained
               therein shall not survive beyond the second anniversary of the
               Stock Purchase Agreement (the "Survival Period") and all claims
               for indemnification under Section 6.2 of the Stock Purchase
               Agreement must be made to Seller in writing prior to expiration
               of the applicable Survival Period.

          1.3  Release of Certain Matters. Purchaser hereby irrevocably
               waives and surrenders any and all rights and claims in respect
               of, and hereby irrevocably releases and discharges Seller from
               and against all actions, claims, and demands (at law or


<PAGE>

<PAGE>


               in equity) which Purchaser and/or its successors and assigns ever
               had, now have or hereafter can, shall or may have, relating to or
               arising out of any alleged misrepresentations and/or breaches of
               warranty or from any inaccuracies contained in those provisions
               of the Stock Purchase Agreement referred to in the first sentence
               of Section 1.1 hereof including, without limitation, the failure
               to reflect certain accounts payable of the Company in the
               financial statements of the Company furnished to Purchaser, any
               obligation of the Company to pay incentive bonuses to four
               employees of the Company identified by the Seller, any obligation
               of the Company with respect to common area charges under its
               building lease or any loss incurred by the Company solely arising
               out of any lien encumbering the landlord's real property created
               or incurred by the landlord (but not directly created or incurred
               by the Company or directly encumbering the Company's leasehold
               interest) (collectively, the "Disclosed Obligations") or based on
               any oral representations (whether made by Seller or by David
               Abrahami, a former officer of the Company), agreements or
               understandings including, but not limited to, those relating to
               the past and projected operating profitability and/or income and
               expenses of the Company or relating to the determination of the
               Purchase Price (collectively, the "Negotiations").

                                       3

<PAGE>

<PAGE>


2.   Adjustment of Purchase Price.

          2.1  Resolution of Dispute. The parties hereto acknowledge and
               agree that they have, subject to the terms and conditions hereof,
               reached a mutually satisfactory resolution of all issues and
               disputes relating to the Claim, and that such resolution is final
               and binding upon all parties hereto. Each of the parties hereby
               irrevocably agrees that, subject to the terms and conditions
               hereof, there shall be no further adjustment of the Purchase
               Price pursuant to any claim pursuant to the terms of those
               provisions of the Stock Purchase Agreement referred to in the
               first sentence of Section 1.1 hereof or based upon the Disclosed
               Obligations or the Negotiations and Purchaser hereby irrevocably
               waives and surrenders any and all claims and rights that it has
               or may have to seek or propose any further adjustment of the
               Purchase Price pursuant to the terms of those provisions of the
               Stock Purchase Agreement referred to in the first sentence of
               Section 1.1 hereof or based upon Disclosed Obligations or the
               Negotiations.

          2.2  Adjustment; Revocation of Board Resolution. The parties hereby
               agree that the Purchase Price adjustment shall be to adjust the
               number of Creative Shares paid as the Purchase Price to 1,100,000
               which adjustment shall be made by Seller delivering certificates
               evidencing 200,000 Creative Shares to Purchaser duly endorsed to
               Purchaser or with appropriately executed stock transfer powers
               attached. Purchaser shall promptly cause its Board of Directors
               to rescind the resolution previously adopted by such Board
               placing a "stop transfer" instruction on the remaining Creative
               Shares owned by Seller.

3.   Covenants of the Parties. The parties covenant and agree to the following:

          3.1  Covenant Not to Sue. Purchaser shall not initiate any legal
               action against David Abrahami based on 


                                       4


<PAGE>
<PAGE>


               those provisions of the Stock Purchase Agreement referred to in
               the first sentence of Section 1.1 hereof or based upon the
               Disclosed Obligations or the Negotiations; provided, however,
               that Purchaser reserves the right to assert any of the foregoing
               as defenses and/or counterclaims (the "Counterclaims") in any
               action initiated by David Abrahami; provided, further, however,
               that in the event that David Abrahami shall initiate legal action
               against Seller arising out, or related to, or in connection with,
               the assertion of the Counterclaims, Purchaser shall reimburse
               Seller for her reasonable attorneys' fees and expenses in
               defending such action and claims arising out of the Counterclaims
               up to $40,000.

          3.2  Confidentiality; No Admission. None of the parties shall disclose
               or publicize the terms of this Agreement or the transactions
               contemplated hereby without the prior written consent of the
               other party subject, in the case of Purchaser, to its disclosure
               obligations under applicable securities laws or pursuant to any
               listing agreement. Seller's execution of, and entry into, this
               Amendment Agreement, and her transfer of 200,000 Creative Shares
               to Purchaser, do not constitute, and/or may not be deemed or
               construed to be, an admission, declaration against interest or
               concession by Seller, whether express or implied, as to any
               wrongdoing, liability or responsibility with respect to any or
               all of the claims raised by Purchaser, whether as to herself or
               as to others, and neither this Amendment Agreement nor any of its
               contents shall be admissible in evidence, or used in any way for
               any purpose, in any subsequent litigation, arbitration, mediation
               or other dispute resolution proceedings, involving Purchaser,
               including, but not limited to, claim presentations, pleadings,
               motions, hearings, trial, depositions, written discovery
               proceedings, oral or written presentations or cross-examination
               of witnesses.



                                       5

<PAGE>

<PAGE>


          3.3  Assumption of Liabilities. Purchaser acknowledges that, by
               operation of law, any currently unpaid obligations of the Company
               existing on the Closing Date of the Stock Purchase Agreement
               which are disclosed on Schedule A attached hereto continue to be
               obligations of the Company to be paid, discharged and/or
               otherwise satisfied in the business judgment of management of the
               Company or pursuant to lawful procedures afforded to creditors
               related to the enforcement of orders and/or judgments for the
               payment of money.

4.   Miscellaneous.

          4.1  Amendment. This Agreement may be amended, modified or
               supplemented only by written agreement of the parties.

          4.2  Counterparts. This Agreement may be executed in counterparts,
               each of which shall be deemed an original, but all of which
               together shall constitute one and the same instrument.

          4.3  Applicable Law. This Agreement shall be governed by and construed
               and enforced in accordance with the internal laws of the State of
               New York without giving effect to the principles of conflicts of
               law thereof.

          4.4. Binding Agreement. No party hereto may assign its rights or
               delegate its obligations hereunder without the prior written
               consent of the other parties hereto. Subject to the foregoing,
               this Agreement shall be binding upon and inure to the benefit of
               the parties hereto and their respective successors and permitted
               assigns.

          4.5  Entire Understanding. This Agreement sets forth the entire
               agreement and understanding of the parties hereto with respect to
               the subject matter hereof. Except as amended pursuant to this
               Agreement, the provisions of the Stock Purchase Agreement and any
               other agreements between the parties relating to 


                                       6


<PAGE>

<PAGE>


               the Stock Purchase Agreement including, without limitation, the
               assumption or retention of certain liabilities of the Company,
               shall remain in full force and effect.

          4.6  Benefit of the Parties. Nothing herein contained shall confer or
               is intended to confer on any third party or entity which is not a
               party to this Agreement any rights under this Agreement.










                                       7

<PAGE>

<PAGE>


     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed and delivered as of the date first above written.

                             CREATIVE BAKERIES, INC.

                                     By: ___________________________________
                                        
                                            Name: __________________________
                                            
                                            Title: _________________________




                                     ---------------------------------------
                                     Yona Abrahami






                                       8





<PAGE>