Exhibit 10.1 JAG MEDIA HOLDINGS, INC. 6865 S.W. 18TH STREET, SUITE B13 BOCA RATON, FL 33433 April 2, 2004 Gary Valinoti 4 Page Drive Red Bank, NJ 07701 Re: Understanding Regarding Your Separation from the Company Dear Gary: This letter ("Letter...Separation Agreement • April 5th, 2004 • Jag Media Holdings Inc • Services-business services, nec • New York
