1 Exhibit No. 10(viii)(b) SECOND AMENDMENT TO STILLWATER CAPITAL ADVISORS, LLC ENGAGEMENT LETTER WITH FANZ ENTERPRISES, INC. This Second Amendment to the Stillwater Capital Advisors, LLC Engagement Letter with FanZ Enterprises, Inc. (this "Amendment"), dated July 19, 2001, is by and between FANZ ENTERPRISES, INC., a Delaware corporation, (hereinafter referred to as the "Company") and STILLWATER CAPITAL ADVISORS, LLC, a Georgia limited liability company (hereinafter referred to as the "Advisor"). WHEREAS, the Company and the Advisor entered into an Engagement Letter dated January 1, 2001 (the "Agreement"); WHEREAS, the Company and the Advisor entered into a First Amendment to the Agreement dated June 13, 2001 (the "First Amendment"); and WHEREAS, the Company has been requested by the administrators of various state securities agencies to further revise the Agreement as a pre-condition to approval of the Company's application for securities registration under the Coordinated Equity Review program. NOW, THEREFORE, in consideration of the recitals and the mutual promises and covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree to amend the Agreement as follows: A. Paragraph 3 of the Agreement shall be revised, and hereby is amended to read, as follows: 3. The Advisor shall receive from the Company or its successors, a cash Advisory Fee equal to Five Hundred Thousand Dollars ($500,000). The Advisory Fee shall be payable by the Company at such time as the Company recognizes a positive cash flow. This Agreement, once effective, may be terminated by the Company providing thirty (30) days prior written notice to the Advisor of its election of termination. B. All other provisions of the Agreement, not specifically addressed in Section A above or in the First Amendment, shall remain in full force and effect. 2 IN WITNESS WHEREOF, the parties hereto have hereunto affixed their signatures as of this 19 day of July, 2001. FANZ ENTERPRISES, INC. By: /s/ Frederick L. McDonald, II ------------------------------------- Frederick L. McDonald, II President STILLWATER CAPITAL ADVISORS, LLC By: /s/ Robert L. Farmer ------------------------------------- Robert L. Farmer Member