January 21, 2004

Dear Valued Merchant,

At iBill Europe, we are committed to providing our merchants with superior processing services at a competitive value. In a constantly changing environment, we are required to evaluate our cost of conducting business and, when necessary, adjust our client service fees accordingly.

Effective Feb 20, 2004, iBill Europe service fees will be adjusted by 1.24%. This increase reflects the rate increase imposed on iBill Europe by our European processor. The following matrix outlines the adjusted service fees for iBill Europe merchants beginning Feb 20, 2003.

Total Revenues for billing period
Service Fee

$0 - $9,999
18.59%

$10,000 - $24,999
17.59%

$25,000 - $49,999
16.59%

$50,000 and above
15.59%

We appreciate the opportunity to accommodate your processing needs so that you can focus on growing your business. For more information, or to address any questions, please contact your iBill account manager or our client service team at 866.424.5557(US) or 954-363-4931(International).

Thank you for your business,

iBill Europe, an InterCept company
Hope this doesnt affect many of you folks

Regards,

Lee