Amendment to Letter of Intent between Qvergent Radio Corp. and ePromo.com Extending Exclusivity Period

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Summary

Qvergent Radio Corp. and ePromo.com have agreed to amend their original Letter of Intent regarding the proposed acquisition of Qvergent. This amendment extends the deadline for executing the acquisition agreement and the exclusivity period from October 31, 2000, to November 15, 2000. All other terms of the original Letter of Intent remain unchanged. Both parties must sign to confirm their agreement to this extension.

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EX-10.3 8 0008.txt MATERIAL CONTRACTS EXHIBIT 10.3 ------------ AMENDMENT TO LETTER OF INTENT ----------------------------- Qvergent Radio Corp. P.O. Box 1316 Laguna Beach, California 92652 November 1, 2000 ePromo.com 11930 Menaul Blvd. NE, Ste. 107 Albuquerque, New Mexico 87112 Re:Extension of Letter of Intent Concerning Proposed Acquisition of Qvergent ---------------------------------------------------------------------------- Gentlemen: By this letter we confirm the terms of the Letter of Intent dated October 11, 2000, between ePromo.com, a Nevada corporation, and Qvergent Radio Corp., a Delaware corporation, and hereby agree to extend the provisions set forth in Section 3 of the Letter of Intent requiring the Acquisition Agreement to be executed by October 31, 2000. The Letter of Intent is hereby modified and amended to extend the exclusivity provisions of Section 3 until November 15, 2000. Each of the terms and conditions of the Letter of Intent are incorporated herein by this reference. Capitalized terms not defined in this Modification to Letter of Intent shall have the meaning provided in the Letter of Intent. If the foregoing accurately sets forth our agreement, please sign where indicated below. Very truly yours, QVERGENT RADIO CORP, a Delaware corporation By: -------------------------- Name: -------------------------- Its: -------------------------- 23 Qvergent Radio Corporation November 1, 2000 ACKNOWLEDGED AND AGREED TO AS OF NOVEMBER __, 2000 BY: EPROMO.COM By: ------------------------ Its: ------------------------ 24