EXHIBIT 10.3 www.k2design.com K2 Design, Inc. A FULL SERVICE INTERACTIVE AGENCY April 14, 2000 Mr. Matthew de Ganon 500 East 87 St. 11G New York, NY 10128 Re: Terms of Employment Dear Matt, On behalf of the Compensation Committee of the Board of Directors of K2 Design, Inc. (the "Company"), I am pleased to provide this letter to confirm the modification to the terms of the extension of your Employment Agreement with the Company, dated as of July 16, 1996 (the "Agreement") as follows: Effective immediately, your base salary will increase to $250,000. Sincerely, Lynn Fantom President and CEO 30 broad street 16th floor new york, ny 10004 212.301.8800 fax: 212.301.8801