CHARLES L. JOEKEL
TEXAS STAFFING SERVICES, INC.
3000 Richmond Avenue, Suite 120
Houston, Texas 77098
Phone (713) 529-0202
Fax (713) 524-4454
May 4, 2000
PRIVILEGED AND CONFIDENTIAL
VIA FACSIMILE: 713-771-7536
Elorian Landers, President
Internet Venture Group, Inc.
9307 West Sam Houston Parkway
Building 100
Houston, Texas 77099
RE: Internet Venture Group, Inc. ("iVG"); Proposed purchase of the stock of
Texas Staffing Services, Inc., d/b/a Trendsetter Staffing Services
("TSS") from Charles L. Joekel ("Joekel"); First Amendment to the Letter
of Intent ("LOI") dated April 25, 2000
Dear Elorian:
This letter is the First Amendment to the Letter of Intent executed between
iVG and TSS on April 25, 2000. As indicated by the execution of this agreement
by iVG.
Paragraph II.4 is amended to add the following to the end of the paragraph:
"It is agreed that any Confidentiality Agreement entered into by
the Purchaser, iVG, with any third party to which Confidential
Information of the Company is to be provided, such
Confidentiality Agreement entered into to protect such
Confidential Information from disclosure by such third party,
shall not alter, amend, or release the Purchaser, iVG, from its
principal and primary duty under this LOI to protect the
confidentiality of the Confidential Information, notwithstanding
the fact that the Seller or the Company, as the case may be, may
be a party to and enter into such Confidentiality Agreement, the
effect of which is to provide the Company with an independent
right and cause of action, distinct from iVG, to protect
confidentiality of its information and enforce such
Confidentiality Agreement."
<PAGE>
Elorian Landers, President
Internet Venture Group
May 4, 2000
Page 2
Very truly yours,
CHARLES L. JOEKEL (Seller)
----------------------------------------
AGREED AND ACCEPTED on this _________ day of ____________, 2000.
INTERNET VENTURE GROUP, INC. (Purchaser)
By: ------------------------------
Elorian Landers, President
c: Drew N. Bagot, Esq.
Vial, Hamilton, Koch & Knox, LLP
1717 Main Street, Suite 4400
Dallas, Texas 75201
c: Thomas G. Gruenert, Esq.
7707 Fannin, Suite 203
Houston, Texas 77054
