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Exhibit 4.17
AMENDMENT TO
FIRST COMMON STOCK PURCHASE WARRANT
OF VIEW SYSTEMS, INC. (COMPANY)
DATED FEBRUARY 18, 2000, AND SECOND COMMON
STOCK PURCHASE WARRANT OF COMPANY, DATED FEBRUARY 18, 2000,
ISSUED TO RUBIN INVESTMENT GROUP (HOLDER)
AND TO SUBSCRIPTION AND INVESTMENT AGREEMENT
DATED FEBRUARY 18, 2000, BETWEEN COMPANY AND HOLDER
Amendment to the First Common Stock Purchase Warrant (First
Purchase Warrant), the Second Common Stock Purchase Warrant (Second Purchase
Warrant), the Subscription and Investment Agreement (Subscription Agreement)
described above, as follows:
1. Capitalized terms used in this Amendment shall have the meanings
ascribed to them in the First Purchase Warrant.
2. An aggregate of up to 1,235,000 shares of Common Stock may still
be purchased by Holder under the First Purchase Warrant.
3. An aggregate of 265,000 shares have been acquired by Holder upon
partial exercise of the First Purchase Warrant and the Company acknowledges
receipt of cash and property with the agreed upon and acknowledged value of
$230,000 in full payment of the Purchase Price for such shares.
4. Notwithstanding anything to the contrary set forth in the First
Purchase Warrant and Subscription Agreement, by mutual agreement, the
Purchase Price for the last 200,000 shares of Common Stock acquired by Holder
upon partial exercise of the First Purchase Warrant was $.50 per share.
5. Section 12 of the First Purchase Warrant which restricts its
exercise under certain circumstances is hereby deleted in its entirety and is
of no further force and effect.
6. Section 12 of the Second Purchase Warrant issued by the Company
to Holder is deleted in its entirety and is of no further force or effect.
7. Except as herein specifically provided, the First Purchase
Warrant, Second Purchase Warrant and Subscription Agreement shall remain in
full force and effect according to their terms.
IN WITNESS WHEREOF, the undersigned has executed this Amendment as
of the 1st day of June, 2000.
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Attest: VIEW SYSTEMS, INC.
By:____________________________ By:_____________________________
Andrew L. Jiranek, Secretary Gunther Than, Chief Executive
Officer
Witness: RUBIN INVESTMENT GROUP
______________________ By:_____________________________
Dan J. Rubin, Chief Executive
Officer
