Amendment to Warrant Agreement dated October 22, 1999 between Proginet Corporation and MalloryFactor Inc.
Exhibit
4.3ii
Amendment
to Warrant Agreement dated October 22, 1999
between
Proginet
Corporation
and
MalloryFactor
Inc.
The
above
referenced Agreement is modified effective December 28. 2001 as follows:
(1)
Section 1.1 Grant of Warrants-
This
section is modified to delete in there entirety Section 1.1 subsections (iii),
(iv), and (v). A new subsection (iii) is added to state the following:
(iii)
125,000 share of Common Stock at a Warrant Price of $.22 U.S. equal to the
trading price on the Canadian Venture Exchange on the close of business on
December 28 2001, which is the effective date of this amendment- Such warrants
shall vest on the date of December 28, 2001 and may be exercised at any time
during the five-year period commencing on the date hereof.
All
other
terms and conditions of the Warrant Agreement remain as provided for in such
Warrant Agreement.
In
witness whereof, Proginet has caused this Warrant Amendment to be signed
and
delivered by its duly authorized officer as of this 31 day of December
2001.
Accepted:
Xxxxxxx
Xxxxxx Inc.
|
Proginet
Corporation
|
/s/Xxxxxxx
Xxxxxx
|
/s/Xxxxx X.
Xxxxx
|
Signature:
Xxxxxxx Xxxxxx
|
Signature:
Xxxxx X. Xxxxx President, CEO
|
Date:
1/14/02
|
Date:
1/14/02
|