eB2B Commerce, Inc.
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
November 19, 1999
Xxxxxx X. Xxxxxxxxxx, Xx.
Chief Executive Officer
DynamicWeb Enterprises, Inc.
271 Route 00 Xxxx
Xxxxxxxx X, Xxxxx 000
Xxxxxxxxx, XX 00000
Re: Amendment No. 1 to Loan Agreement
Dear Xx. Xxxxxxxxxx:
This letter shall serve as Amendment No. 1 to the Loan Agreement (the
"Loan Agreement") between eB2B Commerce, Inc. ("eCom") and DynamicWeb
Enterprises, Inc. (the "Company"), dated November 12, 1999, by which the parties
set forth the terms upon which eCom will make certain loans to the Company.
Unless otherwise defined herein, the terms used in this Amendment No. 1
("Amendment") have the meanings assigned in the Loan Agreement.
1. Amendment of Section 2. The parties agree that Section 2 of the Loan
Agreement, captioned "Warrants," is hereby amended by deleting the first
sentence and replacing it with the following:
"As additional consideration for the loans by eCom, the Company shall
issue to eCom the following: (i) upon the execution of the Letter
Agreement, warrants to purchase 2,500,000 shares of the Company's Common
Stock, and (ii) on November 19, 1999 warrants to purchase an additional
5,000,000 shares of the Company's Common Stock ("Warrants")."
2. Agreement to Remain in Full Force and Effect. The parties agree that
except for the provisions of Section 1 of this Amendment, the Loan Agreement
shall remain in full force and effect.
THE REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK
Please indicate your agreement to the terms set forth in this Amendment by
executing the enclosed copy of this Amendment.
Very truly yours,
eB2B Commerce, Inc.
By: /s/ Xxxxxx Xxxxxxx
------------------------------------
Xxxxxx Xxxxxxx
Chief Financial Officer
ACKNOWLEDGED AND AGREED TO:
This 19th day of November, 1999
DynamicWeb Enterprises, Inc.
By: /s/ Xxxxxx X. Xxxxxxxxxx, Xx.
------------------------------------
Xxxxxx X. Xxxxxxxxxx, Xx.
Chief Executive Officer
