January 19, 2000 Ikon Ventures, Inc 163-169 Brompton Road London SW3 1PY England Gentlemen: Reference is made to the Consulting Agreement between us dated as of July 1, 1997, as amended on October 10, 1997. This will confirm our agreement that Ikon...

                                                                    Exhibit 10.3

                               Sigma Limited X.X.
                            Xxx-Xxxxx-Xxxxxxxxxxx 00
                              0000 Xx Xxxxx-xxXxxxx
                                   Xxxxxxxxxxx

                                January 19, 2000

Ikon Ventures, Inc
000-000 Xxxxxxxx Xxxx
Xxxxxx XX0 0XX
Xxxxxxx

Gentlemen:

                  Reference is made to the Consulting Agreement between us dated
as of July 1, 1997,  as  amended on October  10,  1997.  This will  confirm  our
agreement  that Ikon may defer payment of the fees payable under the  Consulting
Agreement,  effective for the month of January  2000,  until the earlier of such
time as Ikon  shall  have  funds  available  to make such  payments  or upon the
closing of a combination  transaction between Ikon and a third party,  whereupon
all accrued but unpaid fees shall be immediately due and payable.

                                                     Very truly yours,

                                                     SIGMA LIMITED S.A.



                                                     By: /s/ Xxx Xxxx
                                                         Authorized Agent