Exhibit 1
AGREEMENT TO AMEND WARRANT
This Agreement to Amend Warrant is made by and between International
Nursing Services, Inc., a Colorado corporation ("INS"), and Congregation Ahavas
Tzdokah Vchesed, a (the "Congregation"), is made as of November 11, 1996.
INS has issued to the Congregation a Warrant dated September 13, 1996
to purchase 136,000 shares of its common stock, $.001 par value per share, at an
exercise price of $2.50 per share (the Warrant"). The parties now desire to
amend the Warrant to change the exercise price on the terms and subject to the
conditions set forth below.
NOW THEREFORE, the parties hereby agree as follows:
1. Subject to Section 2 below, the first paragraph the Warrant set forth
under the Holder's address is hereby amended and restated in its
entirety to read as follows:
THIS CERTIFIES THAT the holder of this Warrant ("Holder") is
entitled to purchase from INTERNATIONAL NURSING SERVICES,
INC., a Colorado corporation (hereinafter called the
"Company"), at $1.00 per share the number of shares of the
Company's common stock set forth above ("Common Stock") This
Warrant shall expire on November 12, 1996.
Except as provided above, the Warrant shall remain in full force and
effect in accordance with its terms.
2. The foregoing amendment to the Warrant shall be void and of no further
force and effect if the Congregation does not exercise the Warrant on
or before November 12, 1996.
IN WITNESS WHEREOF, the parties have executed this Agreement by their
duly authorized signatories as of the date first written above.
INTERNATIONAL NURSING SERVICES. INC.
__/s/________________________
BY: Xxxx X. Yerds
ITS: President
CONGREGATION AHAVAS TZDOKAH VCHESED
___/s/_______________________
BY:
ITS: Secretary
