EXHIBIT 10.30 CORNELL CAPITAL PARTNERS, LP 101 HUDSON STREET - SUITE 3606 JERSEY CITY, NJ 07302 June 18, 2002 JAG Media Holdings, Inc. 6865 S.W. 18th Street, Suite B13 Boca Raton, FL 33433 Re: Equity Line Purchase Agreement by and between JAG Media...Equity Line Purchase Agreement • August 2nd, 2002 • Jag Media Holdings Inc • Services-business services, nec
This will confirm that we hereby waive the provisions of Section 5.5 of the Equity Line Agreement to the limited extent that the Company may utilize the proceeds of such equity line to make payments due under those certain promissory notes dated April 1, 2002 between Stephen J. Schoepfer, as lender, and the Company, as borrower, and Thomas J. Mazzarisi, as lender, and the Company as borrower, each in the aggregate principal amount $200,000.
