Common use of Amendments to the Documents Clause in Contracts

Amendments to the Documents. (a) The parties hereto covenant and agree that the Documents are hereby deemed amended as follows: (i) all references to Subsequently Issued Preferred Shares in the Documents are amended to mean the New Preferred Shares; (ii) all references to Subsequently Issued Warrants in the Documents are amended to mean the New Warrant; (iii) the reference to $675,000 as the amount of the Second Purchase Price in Section 1.B. of the Securities Purchase Agreement is hereby amended and changed to $400,000; (iv) the reference to the definition of the Second Tranche in the Documents as being comprised of the Subsequently Issued Preferred Shares and the Subsequently Issued Warrants is amended and changed to reflect that the Second Tranche is comprised of the New Preferred Shares and the New Warrant. (b) Without limiting the generality of the foregoing, the following sections of the Documents are hereby amended as follows: (i) all references to 675 shares of Subsequently Issued Preferred Shares and 67,500 Subsequently Issued Warrants, respectively, in the first and second "WHEREAS" clauses of the Securities Purchase Agreement are amended to mean ___ shares of the New Preferred Shares and the New Warrant to purchase ___ shares of Common Stock, respectively;

Appears in 2 contracts

Sources: Securities Purchase Agreement (Dynamicweb Enterprises Inc), Securities Purchase Agreement (Dynamicweb Enterprises Inc)