EXHIBIT 10.14
AMENDMENT NO. 2 TO
SECURITIES PURCHASE AGREEMENT
This Amendment No. 2 to that certain Securities Purchase Agreement (the
"Agreement") between Notify Technology Corporation (the "Company") and Xxxxx X.
Xxxxxx ("Xxxxxx") dated as of March 4, 1999 and as amended on October 7, 1999 is
made as of October 26, 2000.
WHEREAS, certain investors (the "Investors") led by Xxxxxx Xxxxxx are
considering investing approximately $1 Million in the Company (the
"Financing");
WHEREAS, the sale of Common Stock by the Company in the Financing may
trigger the anti-dilution protections contained in Section 6.2 of the
Agreeement;
WHEREAS, the Investors have requested that Xxxxxx waive the anti-dilution
protections contained in Section 6.2 (ii) of the Agreement as a condition of
their participation in the Financing; and
WHEREAS, Xxxxxx believes that he, as a stockholder of the Company, will
benefit from the completion of the Financing;
NOW, THEREFORE, in consideration of good and valuable consideration, the
receipt of which is hereby acknowledged, the Company and Xxxxxx agree as
follows:
1. Xxxxxx hereby agree to waives his right to receive additional warrants
under Section 6.2 (ii) of the Agreement with respect to the Financing provided
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that the Financing closes on or prior to November 24, 2000. This waiver does not
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affect Brewers' rights under Section 6.2(i) or with respect to any other
Financing.
2. Xxxxxx understands and acknowledges that the Company and the Investors
will proceed with the Financing in reliance upon the foregoing waiver.
This Amendment has been executed effective as of the first date set forth
above.
NOTIFY TECHNOLOGY CORPORATION
_____________________________ ________________________________
Xxxx XxXxxx, President Xxxxx Xxxxxx
