Existing Director Release to YouthStream Media Networks, Inc.

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Exhibit 99.8

Existing Director Release to YouthStream Media Networks, Inc.

January 24, 2003

YouthStream Media Networks, Inc.
Network Event Theater, Inc.
000 Xxxxxxx Xxxxxx
XXX #000
Xxx Xxxx, XX 00000

Ladies and Gentlemen:

This letter will confirm the following:

1.: The employment agreement dated February 28, 2000 between Xxxxxx Xxxxx and YouthStream Media Networks, Inc. has been terminated effective January 24, 2003 and all rights and obligations under that agreement have been discharged.
2.: No compensation (including without limitation accrued vacation, severance pay or other similar pay or benefit amounts) or reimbursement of expenses is due to any of the undersigned in respect of his services to YouthStream Media Networks, Inc. or any direct or indirect subsidiary thereof, as a member of the board of directors or otherwise.