MANAGEMENT TECHNOLOGIES, INC.
000 XXXXX XXXXXX
XXX XXXX, XXX XXXX 00000
February 28, 0000
Xxxxxx Trading Fund Ltd.
00 Xxxxx Xxxxxx
Xxx Xxxx, X.X. 00000
Xxxxxxxxx:
This letter hereby amends that certain agreement dated December 15,
1995 between us (the `Agreement'') as follows:
1. Paragraph 5 is hereby amended to increase the amount of Series C
Debentures from $1,500,000 to $3,050,000, and wherever said amount is mentioned
in the Agreement it is hereby amended to read $3,050,000. Paragraph 5 is also
amended to decrease the conversion price form the lower of $1.04 or 62.5% of the
average of the closing bid price of the Shares for the 5 consecutive days prior
to the date of conversion, to the lower of $0.85 or 62.5% of the average of the
closing bid price of the Shares for the 5 consecutive days prior to the date of
conversion.
I. 2. Other that as set forth above, all other terms of the Agreement
shall remain unchanged and in full force and effect.
IN WITNESS WHEREOF, the parties hereto have signed this Agreement this
28th day of February, 1996.
MANAGEMENT TECHNOLOGIES, INC.
/s/ Xxxx Xxxx
By: Xxxx Xxxx
Chief Executive Officer
Agreed To and Accepted By:
SELECT CAPITAL ADVISORS, INC.
By:
ISRAEL TRADING FUND LTD.
By
