JAG Media Holdings, Inc. 6865 S.W. 18th Street, Suite B13 Boca Raton, FL 33433

Exhibit 10.2

JAG Media Holdings, Inc.
0000 X.X. 00^xx Xxxxxx, Xxxxx X00
Xxxx Xxxxx, XX 00000

May 11, 2007

Cornell Capital Partners, LP
000 Xxxxxx Xxxxxx
Xxxxx 0000
Xxxxxx Xxxx, XX 00000

-and-

Cryptometrics, Inc.
00 Xxxx Xxxxxx
Xxxxxxxx, XX 00000

Re: Agreement dated as of January 24, 2007 Among JAG Media Holdings, Inc. (“JAG Media”), Cornell Capital Partners, L.P. (“Cornell Capital”), Cryptometrics, Inc., Xxxxxx Xxxxx and Xxxxxxx Xxxxxx, as amended (“Cornell Agreement”)

Gentlemen:

This will confirm our understanding that the automatic termination date of May 11, 2007, set forth in the last sentence of paragraph 1 of the Cornell Agreement, is hereby changed to May 18, 2007.

Except as otherwise set forth in this agreement, the Cornell Agreement shall remain 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.

[SIGNATURES APPEAR ON FOLLOWING PAGE]

Cornell Capital Partners, LP
May 11, 2007
Page -2-

Sincerely yours, JAG Media Holdings, Inc.
By:		/s/ Xxxxxx X. Xxxxxxxxx
		Name: Xxxxxx X. Xxxxxxxxx
		Title: Chairman & CEO
		Date: May 9, 2007
AGREED AND ACCEPTED: Cornell Capital Partners, LP						The undersigned parties are signing this agreement only with respect to the obligations in Paragraph 5 of the Cornell Agreement
By: Yorkville Advisors, LLC
Its: General Partner
						/s/ Xxxxxx Xxxxx
						Xxxxxx Xxxxx
						Date: May 10, 2007
By:		/s/ Xxxx Xxxxxx
		Xxxx Xxxxxx, Portfolio Manager
		Date: May 10, 2007				/s/ Xxxxxxx Xxxxxx
						Xxxxxxx Xxxxxx
						Date: May 10, 2007
Cryptometrics, Inc.
By:		/s/ Xxxxxx Xxxxx
		Name: Xxxxxx Xxxxx
		Title: Co-CEO
		Date: May 10, 2007