by Celsia Technologies
October 6th, 2005
EXHIBIT 10.3 INDIGO SECURITIES LLC 780 THIRD AVENUE, 23RD FLOOR NEW YORK, NEW YORK 10017 AXIOM CAPITAL MANAGEMENT INC. 780 THIRD AVENUE NEW YORK, NEW YORK 10017 May 20, 2005 Mr. Hakan Wretsell Chief Executive Officer iCurie Labs Holdings, Ltd. 12 Plumtree Court London EC4A 4HT United Kingdom PLACEMENT AGENT AGREEMENT EXTENSION Dear Mr. Wretsell: As you know, iCurie Labs Holdings, Ltd. (the "Company"), Indigo Securities, LLC ("Indigo") and Axiom Capital Management Inc. ("Axiom" and, severally with Indigo, the "Placement Agent") are parities to a Placement Agent Agreement dated as of March 17, 2005 (the "PAA"). All capitalized terms not defined herein have the meaning ascribed to them in the PAA. Pursuant to Section 1.F.(ii) of the PAA, the Equity Offering Period would terminate on April 30, 2005, unless extended for an additional period by agreement of the Company and the Placement Agent. The Company and the Placement Agent hereby agree to extend the Equity Offering Period through June 15, 2005. IN WITNESS WHEREOF, the parties have hereto executed this Agreement as of the 20th day of May 2005. INDIGO SECURITIES, LLC By: /s/ Eric Brachfeld --------------------------------- Eric Brachfeld, Managing Partner AXIOM CAPITAL MANAGEMENT, INC. By: /s/ Mark Martino --------------------------------- Mark Martino, Managing Director ICURIE LABS HOLDINGS, LTD. By: /s/ Hakan Wretsell ------------------------------------------- Mr. Hakan Wretsell, Chief Executive Officer