EXHIBIT 4(e)
AMENDMENT NO. 1 TO THE SEPTEMBER 19, 1997
SECURITY AGREEMENT BETWEEN NATIONAL TRANSACTION
NETWORK, INC. AND INTERNATIONAL VERIFACT INC.
This Amendment No. 1 (the "Amendment") to the parties' September 19, 1997
Security Agreement (the "Security Agreement") is made and entered into between
International Verifact Inc. and National Transaction Network, Inc., as of the
31st day of October, 1997.
WHEREAS, the parties desire to amend the Security Agreement entered into by and
between the parties in connection with the parties' Convertible Subordinated
Note Purchase Agreement dated August 18, 1997, on the terms and conditions set
forth herein;
NOW, THEREFORE, the parties agree that the Security Agreement is amended as
follows:
1. In the parenthetical immediately following Section F on page 2 of
the Security Agreement the reference to "One Million Dollars ($1,000,000)" shall
be amended by replacing it with "Two Million Dollars ($2,000,000)".
This Amendment shall amend, modify and supersede, to the extent of any
inconsistency, the provisions of the Security Agreement. All provisions of the
Security Agreement not so modified shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have duly authorized their representatives to
make and sign this First Amendment.
NATIONAL TRANSACTION NETWORK, INC. INTERNATIONAL VERIFACT INC.
BY: /s/ Xxxxxx X. Xxxxxx BY: /s/ Xxxxx X. Xxxxx
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NAME: Xxxxxx X. Xxxxxx NAME: Xxxxx X. Xxxxx
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TITLE: Vice President, Finance TITLE: Vice President, Finance
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