Re: Agreement dated as of January 24, 2007 Among JAG Media Holdings, Inc., Cornell Capital Partners, L.P., Cryptometrics, Inc., Robert Barra and Michael Vitale (“Cornell Agreement”)
EXHIBIT 10.25
JAG MEDIA HOLDINGS, INC.
0000 X.X. 00XX XXXXXX, XXXXX X00
XXXX XXXXX, XX 00000
0000 X.X. 00XX XXXXXX, XXXXX X00
XXXX XXXXX, XX 00000
February 26, 2007
Cornell Capital Partners, LP
000 Xxxxxx Xxxxxx
Xxxxx 0000
Xxxxxx Xxxx, XX 00000
000 Xxxxxx Xxxxxx
Xxxxx 0000
Xxxxxx Xxxx, XX 00000
-and-
Cryptometrics, Inc.
00 Xxxx Xxxxxx
Xxxxxxxx, XX 00000
00 Xxxx Xxxxxx
Xxxxxxxx, XX 00000
Re: | Agreement
dated as of January 24, 2007 Among JAG Media Holdings, Inc., Cornell Capital Partners, L.P., Cryptometrics, Inc., Xxxxxx Xxxxx and Xxxxxxx Xxxxxx (“Xxxxxxx Agreement”) |
Gentlemen:
This will confirm our understanding that the automatic termination date of March 15,
2007, set forth in the last sentence of paragraph 1 of the Cornell Agreement is
hereby changed to April 6, 2007.
2007, set forth in the last sentence of paragraph 1 of the Cornell Agreement is
hereby changed to April 6, 2007.
Except as otherwise set forth in this agreement, the Cornell Agreement shall remain
unchanged and in full force and effect.
unchanged and in full force and effect.
If the foregoing accurately reflects your understanding of our agreement regarding the
above matter, please indicate your agreement and acceptance by signing in the
appropriate space below and returning a fully executed and dated copy of this
agreement to the undersigned.
above matter, please indicate your agreement and acceptance by signing in the
appropriate space below and returning a fully executed and dated copy of this
agreement to the undersigned.
[SIGNATURES APPEAR ON NEXT PAGE]
Sincerely yours,
JAG Media Holdings, Inc.
JAG Media Holdings, Inc.
By: | /s/ Xxxxxx X. Xxxxxxxxx | |||
Name: Xxxxxx X. Xxxxxxxxx | ||||
Title: Chairman & CEO Date: February 26, 2007 |
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AGREED AND ACCEPTED: Cornell Capital Partners, LP |
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By: | Yorkville Advisors, LLC | |||
Its: General Partner | ||||
By: | /s/ Xxxx Xxxxxx | |||
Xxxx Xxxxxx, Portfolio Manager | ||||
Date: March 1, 2007 | ||||
Cryptometrics, Inc. |
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By: | /s/ Xxxxxx Xxxxx | |||
Name: Xxxxxx Xxxxx | ||||
Title: Co-CEO Date: February 27, 2007 |
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