Exhibit 10.1
AMENDMENT TO
10% SENIOR UNSECURED CONVERTIBLE PROMISSORY NOTE
THIS AMENDMENT is entered into as of March 31, 2003, by and between
[_____________________________] (the "Holder") and ServiceWare Technologies,
Inc., a Delaware corporation (the "Company").
WHEREAS, the Company has heretofore issued to the Holder that certain 10%
Senior Unsecured Convertible Promissory Note, dated as of __________________, in
principal amount of $_________________ (the "Note"); and
WHEREAS, the Company and the Holder have agreed to amend the Note, subject
to the terms and conditions herein;
NOW, THEREFORE, in consideration of the premises and of the mutual
covenants herein contained, the parties hereto agree as follows:
1. Section 2(a) of the Note is hereby amended and restated in its entirety
as follows:
"(a) Payment of principal of, and accrued and unpaid interest on, this
Note or any other amounts then due to the Holder under this Note or any other
Note Document, shall be made no later than 2:00 p.m., New York City Time, in
whole, on July 15, 2004 (the "MATURITY DATE"), by wire transfer of immediately
available funds to such account as the Holder shall have specified by written
notice to the Company as provided in the Note Purchase Agreement, or in such
other manner as instructed from time to time in writing by the Holder."
2. The definition of "Conversion Price" set forth in Section 1 of the Note
is hereby amended and restated in its entirety as follows:
""CONVERSION PRICE" means $0.25, subject to adjustment from time to time
as set forth in Section 7 below."
3. Except as amended hereby, all of the terms and provisions of the Note
shall remain in full force and effect and is hereby ratified and confirmed.
[Remainder of Page Intentionally Left Blank]
IN WITNESS WHEREOF, the Company and the Holder have caused this Amendment to
be duly executed, all as of the day and year first above written.
By:
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Name:
Title:
SERVICEWARE TECHNOLOGIES, INC.
By: /s/ Xxxxx Xxxxxxxxxxx
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Name: Xxxxx Xxxxxxxxxxx
Title: COO/CFO
