EXHIBIT 4(b)
AMENDMENT NO. 1 TO THE AUGUST 18, 1997
CONVERTIBLE SUBORDINATED NOTE PURCHASE AGREEMENT BETWEEN
NATIONAL TRANSACTION NETWORK, INC. AND INTERNATIONAL VERIFACT INC.
This Amendment No. 1 (the "Amendment") to the parties' August 18, 1997
Convertible Subordinated Note Purchase Agreement (the "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 Agreement, on the terms and conditions
set forth herein;
NOW, THEREFORE, the parties agree that the Agreement is amended as follows:
1. Section 1.01 of the Agreement shall be amended by replacing the
reference to "$1,000,000" with "$2,000,000".
2. Section 1.02 of the Agreement shall be amended by replacing the
reference to "$1,000,000 with "$2,000,000".
3. Exhibit II of the Agreement shall be amended by replacing the
reference to "One Million Dollars ($1,000,000)" with "Two Million Dollars
($2,000,000)" in the parenthetical immediately following Section F on page 2.
This Amendment shall amend, modify and supersede, to the extent of any
inconsistency, the provisions of the Agreement. All provisions of the 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/ L. Xxxxx Xxxxxxx
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NAME: Xxxxxx X. Xxxxxx NAME: L. Xxxxx Xxxxxxx
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TITLE: Vice President, Finance TITLE: President & CEO
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BY: /s/ Xxxxx X. Xxxxx
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NAME: Xxxxx X. Xxxxx
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TITLE: Vice President, Finance
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