EXHIBIT 4.2
Mr. Xxxx Xxxxxx March 1, 2004
BIB Holdings, Ltd., c/o mSasson
0 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
RE: LETTER AMENDMENT TO SERVICES AGREEMENT
Dear Xxxx:
This letter shall confirm our agreement in regard to the modification and
amendment of our services agreement dated August 10, 2003, on the basis of the
following terms and conditions:
1. Previous Services.
As payment in full for all previous services provided by Candent, both within
and outside of the scope of our initial agreement, and valued at $35,000,
Candent shall receive 233,333 shares of freely trading common stock in BIB
Holdings, Ltd. (OTCBB: BIBO) ("BIBO"). All shares are to be issued in the name
of Xxxxxxx Xxxxxxxx.
2. Additional Services.
Candent estimates that it will incur approximately $15,000 worth of additional
services to complete the final mSasson web site according to your specifications
and including the provision of a content management system and ongoing design,
development, maintenance and support for the balance of 2004. Candent shall
receive an additional 100,000 shares of freely trading common stock in BIBO as
payment in full for these additional services. All shares are to be registered
in the name of Xxxxxxx Xxxxxxxx.
3. Future Services and Incidentals.
Future services provided to BIBO that are outside the scope outlined in Item 2
above will be billable at Candent's hourly rate of $80 per hour, or a then to be
negotiated and resolved lump-sum fee, and shall be payable in the form of freely
trading common stock in BIBO on the same price per share basis hereunder. Any
incidentals, including cash expenses incurred by Candent for hosting, software,
printing, photography, and the like, shall be payable by BIBO to Candent in cash
or, at Candent's option, in the form of freely trading common stock in BIBO on
the same price per share basis hereunder.
The amounts provided for in Items 1 and 2 above are currently due and payable.
Your signature below shall indicate your acceptance with the foregoing. Thank
you and we continue to look forward to working with you.
Best Regards,
Candent Corporation
/S/ Xxxxxxx Xxxxxxxx
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Xxxxxxx Xxxxxxxx
President
Agreed and Accepted this ___ day of March, 2004:
/s/ Xxxx Xxxxxx
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Xxxx Xxxxxx
BIB Holdings, Ltd., c/o mSasson
