AMENDMENT NO. 1 TO SECURITIES PURCHASE AGREEMENT

This Amendment No. 1 to Securities Purchase Agreement (the “Amendment”) is dated
as of September _____, 2009, between Wizzard Software Corporation, a Colorado
corporation (the “Company”), and the purchaser identified on the signature page
hereto (the “Purchaser”).  This Amendment is intended to amend and supplement
that certain Securities Purchase Agreement, dated June 19, 2009, between the
Company and the Purchaser (the “Agreement”); unless indicated otherwise,
capitalized terms contained herein shall have the same meaning as they have in
the Agreement.

WHEREAS, under the Agreement, the Purchaser purchased 1,200,000 Shares of the
Company’s common stock at a price of $0.50 per Share (the “Per Share Purchase
Price” as defined in Section 1.1 of the Agreement);

WHEREAS, Section 4.15 of the Agreement grants to the Purchaser the right to
notify the Company on up to five occasions that it intends to purchase an amount
of Shares equal to 250% in the aggregate of the amount of Shares purchased under
the Agreement, at the Per Share Purchase Price of $0.50 per Share and on the
same terms and conditions as described therein (the “Option”);

WHEREAS, the above-reference Section 4.15 provides for the Company and the
Purchaser to enter into an agreement substantially similar to the Agreement in
connection with the exercise of the Option;

WHEREAS, the Company and the Purchaser wish to amend the definition of “Per
Share Purchase Price” in the Agreement to $0.40 per Share;

WHEREAS, the Purchaser further wishes to partially exercise the Option in the
amount of 1,800,000 Shares at the new Per Share Purchase Price of $0.40, for
aggregate gross proceeds of $720,000;

NOW, THEREFORE, in consideration of the mutual covenants contained in this
Amendment, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and the Purchaser
agree as follows:

1.

Amendment of Per Share Purchase Price.

The definition of “Per Share Purchase Price” in Section 1 of the Agreement is
hereby amended to read as follows:

“Per Share Purchase Price” equals $0.40, subject to adjustment for reverse and
forward stock splits, stock dividends, stock combinations and other similar
transactions of the Common Stock that occur after the date of this Agreement.

The parties agree that the foregoing amendment shall apply to all shares that
may be purchased upon exercise of the Option under Section 4.15 of the
Agreement, but shall

not affect in any way the purchase price of any Shares that have already been
sold under the Agreement as of the date of this Amendment.

2.

Exercise of Option; Closing.  On the Closing Date, upon the terms and subject to
the conditions set forth herein, substantially concurrent with the execution and
delivery of this Amendment by the parties hereto, the Company agrees to sell,
and the Purchaser agrees to purchase, 1,800,000 Shares pursuant to Section 4.15
of the Agreement, at the new Per Share Purchase Price of $0.40 per Share.  The
Purchaser shall deliver to the Company, via wire transfer purchase proceeds
equal to $720,000 (the “Subscription Amount”), and the Company shall deliver to
the Purchaser its Shares.  The Company and the Purchaser shall deliver the other
items set forth in Section 2 deliverable at the Closing.  Upon satisfaction of
the covenants and conditions set forth in Section 2, the Closing shall occur at
the offices of G&M or such other location as the parties shall mutually agree.

3.

Deliveries.

(a)

Within two hours of the execution of this Agreement, the Company shall file with
the Securities and Exchange Commission a prospectus supplement with respect
hereto.

(b)

On or prior to the Closing Date, the Company shall deliver or cause to be
delivered to the Purchaser the following:

(i)

this Amendment duly executed by the Company;

(ii)

a legal opinion of Company Counsel, substantially in the form of Exhibit A
attached hereto; and

(iii)

a copy of the irrevocable instructions to the Company’s transfer agent
instructing the transfer agent to deliver via the Depository Trust Company
Deposit Withdrawal Agent Commission System (“DWAC”) Shares equal to the
Purchaser’s Subscription Amount divided by the Per Share Purchase Price,
registered in the name of the Purchaser.

(c)

On or prior to the Closing Date, the Purchaser shall deliver or cause to be
delivered to the Company the following:

(i)

this Amendment duly executed by the Purchaser; and

(ii)

the Purchaser’s Subscription Amount by wire transfer to the account as specified
in writing by the Company.

4.

Joint Partial Waiver of Paragraph 4.15 of Agreement.  The Company and the
Purchaser hereby agree that this Amendment shall satisfy the requirements of
Section

4.15 of the Agreement and hereby waive the requirement that the parties enter
into an agreement substantially similar to the Agreement in connection with this
Option exercise.

5.

Representations and Warranties of the Company.  The Company hereby affirms the
accuracy of the Representations and Warranties set forth in Section 3.1 of the
Agreement as of the date hereof.

6.

Representations and Warranties of the Purchaser.

The Purchaser hereby affirms the accuracy of the Representations and Warranties
set forth in Section 3.2 of the Agreement as of the date hereof and further
represents that the number of Shares beneficially owned by the Purchaser and its
Affiliates following the issuance of the Shares under this Amendment will not
exceed the Blocker Amount as defined in the Agreement.

7.

Governing Terms.

All other terms and conditions of the Agreement shall remain in full force and
effect and shall govern this Amendment.

SIGNATURE PAGE TO AMENDMENT NO. 1 TO SECURITIES PURCHASE AGREEMENT

IN WITNESS WHEREOF, the parties have caused this Amendment No. 1 to Securities
Purchase Agreement to be duly executed and delivered by their duly authorized
officers as of the date and year first written above.

COMPANY:

WIZZARD SOFTWARE CORPORATION,             a Colorado corporation

By:  /s/ Chris Spencer

Name:  Chris Spencer

Title:  President/CEO

Title:

PURCHASER

SUBSCRIPTION AMOUNT

SHARES

ALPHA CAPITAL ANSTALT

Pradafant 7

9490 Furstentums

Vaduz, Liechtenstein

Fax: 011-42-32323196

/s/ Konrad Ackerman

By: Konrad Ackerman

Title: Director

$720,000

1,800,000