Exhibit 10.01
                             MODIFICATION AGREEMENT

      MODIFICATION AGREEMENT made as of the 31st day of July 2005 to the Secured
Promissory  Note dated as of September  1, 2004,  and amended as of November 30,
2004,  as of April 30,  2005 as of May 20,  2005 and as of June 17,  2005 by and
between Ronald L. Schutte,  hereinafter referred to as "Schutte" or the "HOLDER"
and  BROOKLYN  CHEESECAKE & DESSERTS  COMPANY,  INC.  formerly  know as CREATIVE
BAKERIES,  INC., a New York corporation ("BROOKLYN CHEESECAKE & DESSERTS"),  and
J.M. SPECIALTIES,  INC., a NEW JERSEY CORPORATION ("JMS") (BROOKLYN CHEESECAKE &
DESSERTS and JMS are collectively referred to as the "BORROWERS").

                              W I T N E S S E T H:
                              --------------------

      WHEREAS,  Borrowers issued to Schutte  a $317,000 Secured  Promissory Note
(the "PROMISSORY NOTE");

      WHEREAS,  the  parties  subsequently  amended  the  Promissory  Note as of
November 30, 2004 to extend the term of the Note

      WHEREAS,  the parties subsequently amended the Promissory Note as of April
30, 2005 to extend the term of the Note

      WHEREAS,  the parties  subsequently  amended the Promissory Note as of May
20, 2005 to extend the term of the Note

      WHEREAS,  the parties  subsequently amended the Promissory Note as of June
17, 2005 to extend the term of the Note

      WHEREAS,  the  Promissory  Note is due July 31,  2005 and the  COMPANY and
Schutt? are desirous of further modifying the terms of the Promissory Note.

            NOW,  THEREFORE,  IN  CONSIDERATION  OF  THE  MUTUAL  COVENANTS  AND
            PROMISES AND OTHER GOOD AND VALUABLE  CONSIDERATION,  THE RECEIPT OF
            WHICH IS HEREBY ACKNOWLEDGED, IT IS MUTUALLY AGREED AS FOLLOWS:


1.    Modifications:   Effective  as  of  the  date  first  written  above,  the
      Promissory Note shall be modified as follows:

      1.1   Extension of the term of modified Promissory Note. The maturity date
            of the Promissory Note will be extended to September 30, 2005.

      1.2   Right to prepay  Promissory Note. The COMPANY will have the right to
            prepay without  penalty all or a portion of the  Promissory  Note at
            any time during the term of the Promissory Note.

2.    Other Provisions.

      2.1   Force and  Effect.  All other  terms of the  Promissory  Note  shall
            remain in full force and effect.


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      2.2   Company  Representations.  The Company  represents  to Schutt?  that
            there have been no material  adverse changes in the Company's public
            disclosures  since the  filing of the  Company's  most  recent  Form
            10-KSB and 8-K Reports with the Securities  and Exchange  Commission
            and that the Board of  Directors of the Company has  authorized  and
            approved this modification agreement. The Company further represents
            that it has taken the  necessary  corporate  action to authorize the
            within agreement and the modification to the Promissory Notes.

      2.3   HOLDER  Representations.  HOLDER  represents  to Company that it has
            been afforded an opportunity to consult with  professional  advisors
            and or counsel and that all necessary approvals and action have been
            obtained to enter into this modification agreement to extend the due
            date of the Promissory Note as previously modified.

      2.4   Miscellaneous.  This Agreement  shall be governed by the laws of the
            State of New York,  and may be executed  in  multiple  counterparts,
            each of which shall be considered an original but all of which shall
            constitute  one and the  same  agreement.  All  notices  under  this
            Agreement shall be in accord with the provisions as set forth in the
            New  Note.  The  terms  of this  Agreement  and New Note may only be
            modified upon mutual agreement of the parties in writing.



      IN WITNESS WHEREOF, the parties have set their hands and seals on the day,
month and year first above written.


                                            Ronald L. Schutte


                                   By:      _______________________________



                                   Brooklyn Cheesecake & Desert Company, Inc.


                                   By:      ________________________________



                                            J.M. Specialties, Inc.


                                   By:      _________________________________