EXHIBIT 10.30
CORNELL CAPITAL PARTNERS, LP
000 XXXXXX XXXXXX - XXXXX 0000
XXXXXX XXXX, XX 00000
June 18, 2002
JAG Media Holdings, Inc.
0000 X.X. 00xx Xxxxxx, Xxxxx X00
Xxxx Xxxxx, XX 00000
Re: Equity Line Purchase Agreement by and between JAG Media Holdings, Inc.
(the "Company") and Cornell Capital Partners, LP dated April 9, 2002
("Equity Line Agreement").
Gentlemen:
This will confirm that we hereby waive the provisions of Section 5.5 of the
Equity Line Agreement to the limited extent that the Company may utilize the
proceeds of such equity line to make payments due under those certain promissory
notes dated April 1, 2002 between Xxxxxxx X. Xxxxxxxxx, as lender, and the
Company, as borrower, and Xxxxxx X. Xxxxxxxxx, as lender, and the Company as
borrower, each in the aggregate principal amount $200,000.
Very truly yours,
CORNELL CAPITAL PARTNERS, LP
BY: /s/ Xxxx Xxxxxx
---------------
Name: Xxxx Xxxxxx
Title: President
