Exhibit 10.2

 

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JAG Media Holdings, Inc.
6865 S.W. 18th STREET, SUITE B13     
BOCA RATON, FL 33433
April 20, 2007
Cornell Capital Partners, LP
101 Hudson Street
Suite 3700
Jersey City, NJ 07302
-and-
Cryptometrics, Inc.
73 Main Street
Tuckahoe, NY 10707
Re: Agreement dated as of January 24, 2007 Among JAG Media Holdings, Inc. (“JAG
Media”), Cornell Capital Partners, L.P. (“Cornell Capital”), Cryptometrics,
Inc., Robert Barra and Michael Vitale, as amended (“Cornell Agreement”)
Gentlemen:
This will confirm our understanding that the automatic termination date of
April 20, 2007, set forth in the last sentence of paragraph 1 of the Cornell
Agreement, is hereby changed to May 11, 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]

 

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Cornell Capital Partners, LP
April 20, 2007
Page -2-
Sincerely yours,
JAG Media Holdings, Inc.

         
By:
  /s/ Thomas J. Mazzarisi    
 
 
 
Name: Thomas J. Mazzarisi    
 
  Title: Chairman & CEO    
 
  Date: April 20, 2007    

             
 
  AGREED AND ACCEPTED:       The undersigned parties are
 
  Cornell Capital Partners, LP       signing
 
          this agreement only with respect to
 
  By: Yorkville Advisors, LLC       the obligations in Paragraph 5 of
 
  Its: General Partner       the Cornell Agreement
 
           
 
          /s/ Robert Barra
By:
  /s/ Mark Angelo       Robert Barra
 
           
 
  Mark Angelo, Portfolio Manager       Date: April 20, 2007
 
  Date: April 20, 2007        
 
           
 
          /s/ Michael Vitale
 
          Michael Vitale
 
          Date: April 20, 2007
 
           
 
  Cryptometrics, Inc.        

             
By:
  /s/ Robert Barra        
 
 
  Name: Robert Barra        
 
  Title: Co-CEO        
 
  Date: April 20, 2007