March 7, 2008
EXHIBIT
10.2
March 7,
2008
In
reference to the Agreement of January 11, 2008 between Vibe Records, Inc., a
Delaware Corporation (“Vibe”), Benacquista Galleries, Inc., a Nevada corporation
(“Benacquista”), Xxxxx Xxxxx, an Individual and Xxxxxxx Xxxxxx, an individual,
I, Xxxxx Xxxxx hereby grant a one-time-only extension under the Agreement under
the following terms:
I must
receive an additional payment of $25,000 no later than 5:00 PM on Tuesday, March
11, 2008 toward the balance of $450,000. This payment is
non-refundable and governed by the same terms of the Agreement. The
remaining balance must be paid by March 25, 2008 by 5:00 PM. Failure
to make any payment exactly as noted in this section results in immediate
cancellation of the Option in the Agreement and retention of any non-refundable
deposits as liquidated damages by me.
In
addition, the share amount I am entitled to receive under paragraph 4 shall be
increased by 200,000 common shares above and beyond what it would otherwise be
in order to compensate me for this extension.
All other
terms of the Agreement shall apply.
X /s/ Xxxxx
Xxxxx
Xxxxx Xxxxx, an Individual
X /s/ Xxxxx
Xxxxx
Benacquista Galleries,
Inc.
Xxxxx Xxxxx, CEO