Clarification Letter on Conversion Terms of $500,000 6% Subordinated Convertible Debenture between 1stopsale.com Holdings, Inc. and JTE Finance Ltd.

Summary

This letter from 1stopsale.com Holdings, Inc. to JTE Finance Ltd. clarifies the terms for converting a $500,000 subordinated convertible debenture, originally registered to Finter Bank Zuerich. The debenture can be converted into common stock of 1stopsale.com Holdings, Inc. at a rate of $1.00 per share, reflecting a 20-for-1 reverse stock split. The letter serves to confirm these conversion provisions for the involved parties.

EX-4.2 6 ex428k091701.txt CLARIFICATION CONCERNING CONVERSION OF $500,000 Exhibit 4.2 1STOPSALE.COM HOLDINGS, INC. 321 N. Kentucky Avenue, Suite 1 Lakeland, FL 33801 October 1, 2001 Mr. Joe Eberhard JTE Finance Ltd. Birmensdorfer Str. 55 Zuerich, Switzerland CH-8004 Re: 1stopsale.com Holdings, Inc.'s $500,000 principal amount 6% Subordinated Convertible Debenture registered in the name of Finter Bank Zuerich (the "Debenture") Dear Mr. Eberhard: This letter hereby clarifies the conversion provisions of the above referenced Debenture. The Debenture shall be convertible into 1stopsale.com Holdings, Inc.'s common stock at the rate of $1.00 per share after taking into account the 20-for-1 reverse stock split of its common stock. If you need anything further, please contact the undersigned. Very truly yours, /s/ Donald R. Mastropietro -------------------------- Donald R. Mastropietro President