iDial Networks, Inc. 10800 East Bethany Drive Suite 380 Denver, Colorado 80014 June 23, 2003 AJW Partners, LLC New Millennium Capital Partners II, LLC AJW Offshore, Ltd. AJW Qualified Partners, LLC 1044 Northern Blvd., Suite 302 Roslyn, New York 11576 Re: iDial Networks, Inc. (the "Company") - Amendment of Debentures Ladies and Gentlemen: This letter sets forth the agreement of the parties hereto to amend certain debentures which are convertible into shares of the Company's common stock, par value $.001 per share (the "Common Stock"), originally issued by the Company to the investors listed on the signature page hereto (collectively, the "Investors") on February 6, 2003, February 21, 2003 and May 9, 2003 (collectively, the "Debentures"). By execution hereof, for good and valuable consideration, the receipt and sufficiency of is hereby acknowledged, the parties hereto agree that: 1. The Applicable Percentage (as defined in Section 1.2(a) of each of the Debentures) is hereby amended to be 40.0%. 2. All other provisions of the Debentures shall remain in full force and effect. The parties shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other parties hereto may reasonably request in order to carry out the intent and accomplish the purposes of this letter agreement, including without limitation the issuance of amended Debentures. Please signify your agreement with the foregoing by signing a copy of this letter where indicated and returning it to the undersigned. Sincerely, IDIAL NETWORKS, INC. ___________________________ Mark T. Wood Chief Executive Officer ACCEPTED AND AGREED: AJW PARTNERS, LLC By: SMS GROUP, LLC ______________________________ Corey S. Ribotsky, Manager NEW MILLENNIUM CAPITAL PARTNERS II, LLC By: FIRST STREET MANAGER II, LLC, ______________________________ Corey S. Ribotsky, Manager AJW OFFSHORE, LTD. By: FIRST STREET MANAGER II, LLC ______________________________ Corey S. Ribotsky, Manager AJW QUALIFIED PARTNERS, LLC By: AJW MANAGER, LLC _____________________________ Corey S. Ribotsky, Manager