Filed by Automated Filing Services Inc. (604) 609-0244 - Image Innovations Holdings Inc. - Exhibit 10.3






 AMENDING AGREEMENT 


THIS AGREEMENT dated for reference November 5, 2003



BETWEEN:



  
    
       IMAGE INNOVATIONS INC., a Delaware corporation
        having an office at 1109 - 100 Park Royal South, West Vancouver, British
        Columbia, V7T 1A2 

       (the "Borrower") 

    

  




AND:



  
    
       H.E. CAPITAL S.A., a corporation
        having an office at Casa del Sol, MJ19 Paseo Marino, Perla Marina, Sosua,
        Dominican Republic 

       (the "Lender") 

    

  




WITNESSES THAT WHEREAS:


	A.	Pursuant to a loan agreement (the “Loan
        Agreement”) made and dated for reference January 14, 2003, the Lender
        agreed to provide the Borrower with a secured non-revolving loan in the
        aggregate principal amount of up to $500,000 (United States funds) (the
        “Original Loan”);

	 	 
	B.	The Borrower has requested additional
        funds since receiving the Original Loan and the Lender has recently advanced
        additional funds totalling approximately $300,000 (United States funds)
        and has agreed to advance up to another $200,000 (United States funds),
        for a secured non-revolving loan in the aggregate principal amount of
        up to $1,000,000 (the "Loan");




THEREFORE, in consideration of the premises and the mutual covenants and agreements set forth in the Loan Agreement and herein, the parties hereto covenant and agree as follows:


 1.0        AMENDMENT OF LOAN AGREEMENT


 1.1        Definitions 

 In this Agreement capitalized words and phrases have the meanings
  assigned to them in the Loan Agreement, unless otherwise defined herein. 









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 1.2        Amendments 

 The Loan Agreement is hereby amended by deleting the definition
  of "Loan" from section 1.1 and substituting the following therefor: 


  
     "Loan" means the secured non-revolving loan in the principal
      amount of $1,000,000 (United States funds) (or such greater amount as may
      be agreed in writing by the Lender from time to time) to be made by the
      Lender to the Borrower pursuant to this Agreement;" 

  



 2.0        GENERAL 

 2.1        Expenses 

 The Borrower will pay the Lender's reasonable expenses incurred
  in connection with this Amending Agreement. 

 2.2        Loan Agreement


 Save as amended by this Agreement, the Loan Agreement shall
  continue in full force and effect, unamended, and the Security Documents will
  hereafter secure repayment of the Borrower's entire indebtedness under and pursuant
  to the Loan Agreement, as amended hereby, and shall continue in full force and
  effect, unamended. 

 2.3        Promissory
  Note 

 As evidence of the Loan, the Borrower will execute and deliver
  to the Lender a promissory note in form satisfactory to the Lender evidencing
  the Loan and the Borrower's obligation to repay the Loan. 

 2.4        Entire Agreement


 The provisions contained in the Loan Agreement, as amended
  hereby, constitute the entire agreement between the parties and supersede all
  previous communications, representations and agreements whether verbal or written
  between the parties with respect to the subject matter thereof. 









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 2.4        Acknowledgement of Legal
  Advice 

 Each party to this agreement acknowledges that it has sought
  and obtained its own legal advice in respect of all matters relating to this
  Agreement. 

 IN WITNESS WHEREOF the parties hereto have executed this Agreement
  as of the date first above written. 

 IMAGE INNOVATIONS INC. 

  Per: 

 /s/ Alain Kardos  

  Alain Kardos, Authorized Signatory 

 H.E. CAPITAL S.A. 

  Per: 

 /s/ Richard Smith  

  Richard Smith, Authorized Signatory