EXHIBIT 10.3.1
December 31, 2001
Xxxxxxx X. Xxxxxxx
Orchard Capital Corporation
0000 Xxxxxxxxx Xxxx., Xxxxx 000
Xxx Xxxxxxx, Xxxxxxxxxx 00000
Dear Xx. Xxxxxxx:
As you are aware, on April 1, 2000 Orchard Capital Corporation, a California
corporation ("Consultant") and j2 Global Communications, Inc. ("Company")
entered into a letter agreement, as amended by a letter agreement dated April 1,
2001 (the "Agreement"), pursuant to which Company retained Consultant as a
financial consultant and advisor to Company. We are sending you this letter to
modify the Agreement in order to increase the compensation payable to the
Consultant under the Agreement in accordance with an analysis and recommendation
prepared at the request of the Committee by Xxxxxxx X. Xxxxxx Companies LLC, as
follow:
Section 2(a) of the Agreement is hereby modified to increase the monthly amount
payable to Consultant thereunder from twelve thousand dollars ($12,000) to
twenty-three thousand dollars ($23,000).
Except as modified by this letter agreement, the terms and conditions of the
Agreement shall remain in effect.
Please sign below to acknowledge and agree that the Agreement has been modified
as described above. The Company's signature set forth below indicates its
acknowledgement and agreement to this modification.
Very truly yours,
j2 Global Communications, Inc.
By: /s/ Xxxxx X. Xxxxx
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Xxxxx X. Xxxxx
President
Accepted and Agreed to as of the Date of this Letter:
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Orchard Capital Corporation
By: /s/ Xxxxxxx X. Xxxxxxx
---------------------------------
Xxxxxxx X. Xxxxxxx
President
