Document:

EX-10.1

 

JAG Media Holdings, Inc.

6865 S.W. 18th Street, Suite B13

Boca Raton, FL 33433

July 16, 2007

Cryptometrics, Inc.

73 Main Street

Tuckahoe, NY 10707

	Re: 	 	Agreement Amending Merger Agreement Among JAG Media Holdings, Inc. (“JAG Media”),
Cryptometrics Acquisition, Inc. (“Cryptometrics Acquisition”), Cryptometrics, Inc.
(“Cryptometrics”), Robert Barra, Michael Vitale, Karlen & Stolzar, Thomas J. Mazzarisi and
Stephen J. Schoepfer (collectively, the “Parties”) dated as of January 24, 2007, as Further
Amended by those Certain Agreements Among the Parties dated as of February 26, 2007, April 2,
2007, April 20, 2007, May 11, 2007, May 18, 2007 and June 15, 2007 (“Merger Agreement
Amendment”)

Gentlemen:

This will confirm our understanding regarding the following changes to the Merger Agreement
Amendment, which have been authorized by the directors of JAG Media, Cryptometrics Acquisition and
Cryptometrics:

1.     The Closing Date set forth in the first sentence of paragraph 8 of the Merger Agreement
Amendment is hereby changed to August 16, 2007.

2.     The Automatic Termination Date of July 16, 2007 set forth in the first sentence of paragraph 9
of the Merger Agreement Amendment is hereby changed to August 16, 2007.

All defined terms used in this agreement, which are not otherwise defined herein shall have the
meaning ascribed to them in the Merger Agreement Amendment. Except as otherwise set forth in this
agreement, the Merger Agreement Amendment and the Merger 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 NEXT PAGE]

 

 

Cryptometrics, Inc.

July 16, 2007

Page -2-
 

	 	 	 	 	 
	Sincerely yours, 

JAG MEDIA HOLDINGS, INC. 

 	 	 
	By:  	/s/ Thomas J. Mazzarisi
 	 	 
	 	Name:  	Thomas J. Mazzarisi       	 	 
	 	Title:  	Chairman & CEO 	 	 
	 	Date:  	July 16, 2007 	 	 
	 

	 	 	 	 	 
	AGREED AND ACCEPTED: 

CRYPTOMETRICS, INC. 

 	 	 
	By:  	/s/ Robert Barra
 	 	 
	 	Name:  	Robert Barra                	 	 
	 	Title:  	Co-CEO 	 	 
	 	Date:  	July 16, 2007 	 	 
	 

	 	 	 	 	 
	 	 	 
	/s/ Robert Barra
 	 	 
	Robert Barra                                 	 	 
	Dated:  July 16, 2007 	 	 
	 

	 	 	 	 	 
	 	 
	/s/ Michael Vitale
 	 	 
	Michael Vitale                                	 	 
	Dated:  July 16, 2007 	 	 
	 

	 	 	 	 	 
	AGREED AND ACCEPTED:

CRYPTOMETRICS ACQUISITION, INC.

 	 	 
	By:  	/s/ Thomas J. Mazzarisi
 	 	 
	 	Name:  	Thomas J. Mazzarisi 	 	 
	 	Title:  	President 	 	 
	 	Date:  	July 16, 2007 	 	 
	 

The undersigned is signing this
agreement solely in its capacity as
“Escrow Agent” pursuant to the
provisions of paragraph 10
of the Merger Agreement Amendment

	 	 	 	 	 
	KARLEN & STOLZAR, LLP

 	 	 
	By:  	/s/ Michael I. Stolzar
 	 	 
	 	Name:  	Michael I. Stolzar 	 	 
	 	Title:  	Partner 	 	 
	 	Date:  	July 16, 2007 	 	 
	 

The undersigned are signing
this agreement only with respect to
their obligations set forth
in paragraph 12 of the Merger
Agreement Amendment

	 	 	 	 	 
	 	 	 
	/s/ Thomas J. Mazzarisi
 	 	 
	Thomas J. Mazzarisi 	 	 
	Dated: July 16, 2007 	 	 
	 

	 	 	 	 	 
	 	 	 
	     /s/ Stephen J. Schoepfer
 	 	 
	Stephen J. Schoepfer 	 	 
	Dated: July 16, 2007EX-10.2

 

JAG Media Holdings, Inc.

6865
S.W.
18th
Street, Suite B13

Boca Raton, FL 33433

July 16, 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”) / Convertible Debentures Nos.
CCP-1 and CCP-2 in the original principal amounts of $1,900,000 and $1,250,000 respectively,
each dated May 24, 2006 and Convertible Debenture No. CCP-3 in the original principal amount
of $1,000,000, dated May 30, 2006 with JAG Media, as Obligor and Cornell Capital, as Holder
thereunder (collectively, the “Original Debentures”)

Gentlemen:

This will confirm our understanding that the automatic termination date of July 16, 2007, set forth
in the last sentence of paragraph 1 of the Cornell Agreement, is hereby changed to August 16, 2007.

Subject to the terms and conditions of the Merger Agreement, JAG Media and Cryptometrics
acknowledge that it is their present intention to consummate the Merger and, if so, agree that upon
the S-4 registration statement originally filed on March 12, 2007 being declared effective by the
SEC they will take all steps in their control required to consummate the Merger within 30 days of
such effective date and further acknowledge and agree that Cornell Capital is relying on this
statement as a material inducement to agreeing to the extension of the automatic termination date
as set forth herein.

Except as otherwise expressly set forth in this agreement, the Cornell Agreement and the
Transaction Documents 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

 

 

Cornell Capital Partners, LP

July 16, 2007

Page -2-
 

appropriate space below and returning a fully executed and dated copy of this agreement to the
undersigned.

	 	 	 	 	 
	Sincerely yours,

JAG Media Holdings, Inc.

 	 	 
	By:  	/s/ Thomas J. Mazzarisi
 	 	 
	 	Name:  	Thomas J. Mazzarisi 	 	 
	 	Title:  	Chairman & CEO 	 	 
	 	Date:  	July 13, 2007 	 	 
	 

AGREED AND ACCEPTED:

Cornell Capital Partners, LP

By: Yorkville Advisors, LLC

Its: General Partner

	 	 	 	 	 
	 	 	 
	By:  	/s/ Mark Angelo
 	 	 
	 	Mark Angelo, Portfolio Manager                 	 	 
	 	Date: July 13, 2007 	 	 
	 

	 	 	 	 	 
	Cryptometrics, Inc. 

 	 	 
	By:  	/s/ Robert Barra
 	 	 
	 	Name:  	Robert Barra 	 	 
	 	Title:  	Co-CEO 	 	 
	 	Date:  	July 13, 2007 	 	 
	 

The undersigned parties are signing
this agreement only with respect to
the obligations in Paragraph 5 of the Cornell
Agreement

	 	 	 	 	 
	 	 	 
	/s/ Robert Barra
 	 	 
	Robert Barra 	 	 
	Date: July 13, 2007 	 	 
	 

	 	 	 	 	 
	 	 	 
	/s/ Michael Vitale
 	 	 
	Michael Vitale 	 	 
	Date: July 13, 2007exv10w11

 

Exhibit 10.11

QUICKSILVER GAS SERVICES LP

PHANTOM UNIT AWARD AGREEMENT

	 	 	 
	     Participant:
	 	 
	 	 	 

	 	 	 
	     Number of Phantom Units:
	 	 
	 	 	 

	 	 	 
	     Date of Grant:
	 	 
	 	 	 

     1. Under the terms and conditions of the Quicksilver Gas Services LP 2007 Equity Plan (the
“Plan”), a copy of which is attached hereto and incorporated herein by reference, Quicksilver Gas
Services LP, a Delaware limited partnership (the “Partnership”), grants to the Participant named
above the number of Phantom Units set forth above. Terms not defined in this Agreement have the
meanings set forth in the Plan.

     2. One-third (1/3rd) of the Phantom Units will become vested on the first business
day of each of the first three calendar years beginning after the Date of Grant (the “Vesting
Dates”), provided that the Participant has remained an employee of the Company or its Affiliates
through each such Vesting Date (and further provided that in no event will the Participant become
entitled to acquire a fraction of a Unit).

     3. Notwithstanding the Vesting Dates described above, in the event of a Change in Control
while the Participant is employed by the Company or an Affiliate or in the event that the
Participant terminates employment with the Company or its Affiliates by reason of disability (as
determined by the Committee in good faith) or death, the nonvested Phantom Units will immediately
become 100% vested. If the Participant terminates employment with the Company and its Affiliates
for any reason other than such disability or death, any nonvested Phantom Units will be forfeited
immediately.

     4. Each Phantom Unit will entitle the Participant to receive one Unit with respect to each
such Phantom Unit that becomes vested. Payment will be made (i) with respect to Phantom Units that
become vested in accordance with Section 2 above, as of the applicable Vesting Date, (ii) with
respect to Phantom Units that become vested due to the Participant’s death or disability in
accordance with Section 3 above, as of the earlier of (A) the next Vesting Date coincident with or
following the date the Phantom Units become vested or (B) the date of the occurrence of a Change in
Control, and (iii) with respect to Phantom Units that become vested due to a Change in Control in
accordance with Section 3 above, as of the date of the occurrence of the Change in Control. In no
event will settlement of vested Phantom Units be made later than March 15 of the calendar year
following the calendar year in which the Phantom Units become vested. Payment will be evidenced by
book entry registration or by a certificate registered in the name of the Participant.

     5. The Participant will have none of the rights of a unitholder of the Partnership with
respect to any Units underlying the Phantom Units, including the right to vote such Units or
receive any distributions that may be paid thereon until such time, if any, that the Participant
has been determined to be a unitholder of record by the Partnership’s transfer agent or one or more
certificates of Units are delivered to the Participant in settlement thereof. Furthermore, nothing
herein will confer upon the Participant any right to remain in the employ of the Company or an
Affiliate.

     6. The Participant hereby accepts and agrees to be bound by all the terms and conditions of
the Plan and this Agreement. Any amendment to the Plan will be deemed to be an amendment to this
Agreement to the extent that the Plan amendment is applicable hereto; provided, however, that no
amendment will adversely affect the rights of the Participant under this Agreement without the
Participant’s consent.

ACCEPTED:

	 	 	 
	 
	 	 
	 
	 	 
	 	 	 
	Signature of Participant

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