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Exhibit 10.27

FIRST AMENDMENT AGREEMENT

        FIRST AMENDMENT AGREEMENT (this "Agreement") dated as of March 19, 2002
by and among (1) Imagistics International Inc. (the "Borrower"), (2) Fleet
Capital Corporation ("Fleet"), and the other financial institutions party to the
Credit Agreement (as defined below) as lenders (collectively, the "Lenders" and
individually, a "Lender") and (3) Fleet, as administrative agent (the
"Administrative Agent") for the Lenders with respect to a certain Credit
Agreement dated as of November 9, 2001 by and among the Borrower, the Lenders
and the Administrative Agent (the "Credit Agreement").

W I T N E S S E T H:

        WHEREAS, the Borrower has requested that the Lenders amend certain terms
and conditions of the Credit Agreement on the terms and conditions set forth
herein; and

        WHEREAS, the parties hereto have agreed to amend certain provisions of
the Credit Agreement.

        NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

        §1.    Definitions. Capitalized terms used herein without definition
that are defined in the Credit Agreement (after giving effect to the amendments
thereof set forth herein) shall have the same meanings herein as therein.

        §2.    Ratification of Existing Agreements. All of the Borrower's
obligations and liabilities to the Creditors as evidenced by or otherwise
arising under the Credit Agreement, the Notes and the other Credit Documents,
are, by the Borrower's execution of this Agreement, ratified and confirmed in
all respects. In addition, by the Borrower's execution of this Agreement, the
Borrower represents and warrants that it does not have any counterclaim, right
of set-off or defense of any kind with respect to such obligations and
liabilities.

        §3.    Representations and Warranties. The Borrower hereby represents
and warrants to the Creditors that all of the representations and warranties
made by the Borrower in the Credit Agreement, the Notes and the other Credit
Documents are true in all material respects on the date hereof as if made on and
as of the date hereof, except to the extent that such representations and
warranties relate expressly to an earlier date.

        §4.    Conditions Precedent. The effectiveness of the amendments
contemplated hereby shall be subject to the satisfaction on or before the date
hereof of each of the following conditions precedent:

        (a)    Representations and Warranties.    All of the representations and
warranties made by the Borrower herein, whether directly or incorporated by
reference, shall be true and correct on the date hereof except as provided in §3
hereof.

        (b)    Performance; No Event of Default.    The Borrower shall have
performed and complied in all respects with all terms and conditions herein
required to be performed or complied with by it prior to or at the time hereof,
and there shall exist no Default or Event of Default.

        (c)    Corporate Action.    All requisite corporate action necessary for
the valid execution, delivery and performance by the Borrower of this Agreement
and all other instruments and documents delivered by the Borrower in connection
therewith shall have been duly and effectively taken.

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        (d)    Delivery.    The parties hereto shall have executed and delivered
this Agreement.

        §5.    Amendments to the Credit Agreement.

        5.1 Amendments to the Table of Contents

        (a) The Table of Contents on page v of the Credit Agreement is hereby
amended by deleting the following items:

        SCHEDULE 8.08—Tax Matters

        SCHEDULE 8.15—Security Interests

        SCHEDULE 9.04—Insurance

        (b) The Table of Contents on page v of the Credit Agreement is hereby
amended by replacing, "SCHEDULE 8.13—Subsidiaries, Etc." with "SCHEDULE
8.12—Subsidiaries, Etc."

        (c) The Table of Contents on page v of the Credit Agreement is hereby
amended by replacing, "SCHEDULE 8.20—Labor Matters" with "SCHEDULE 8.19—Labor
Matters."

        (d) The Table of Contents on page v of the Credit Agreement is hereby
amended by replacing, "SCHEDULE 8.22(A)—Indebtedness Outstanding as of the
Effective Date" with "SCHEDULE 8.21(A)—Indebtedness Outstanding as of the
Effective Date".

        (e) The Table of Contents on page v of the Credit Agreement is hereby
amended by replacing, "SCHEDULE 8.22(B)—Certain Indebtedness To Remain
Outstanding After the Closing Date" with "SCHEDULE 8.21(B)—Certain Indebtedness
To Remain Outstanding After the Closing Date."

        5.2 Amendments to Section 1.01

        The following new definition is hereby added to Section 1.01 in its
proper alphabetical order to read as follows:

        "Permitted Repurchase Amount" shall mean an amount equal to the sum of
(a) $30,000,000, plus (b) the amount of net cash proceeds actually received by
the Borrower from the issuance and/or resale by the Borrower up to 1,000,000
shares of its common stock Equity Interests to its employees pursuant to the
Borrower's employee stock purchase plan.

        5.3 Amendment to Section 9.08 Subsection 9.08(b) of the Credit Agreement
is hereby amended in its entirety to read as follows:

        (b) Indebtedness and Contingent Obligations outstanding on the Effective
Date and listed in Schedule 8.21(A) and specified on Schedule 8.21(B) as to
remain outstanding after the Effective Date and refinancing thereof that do not
increase the aggregate principal amount thereof;

        5.4 Amendment to Section 9.10 Subsection 9.10(c)(i) of the Credit
Agreement is hereby amended in its entirety to read as follows:

        (i) repurchases of Equity Interests of Borrower in an amount not to
exceed Permitted Repurchase Amounts in the aggregate after the Effective Date;
provided, however, that after giving effect to any such repurchase, Borrower
shall thereupon have the ability to borrow not less than $30,000,000 in the form
of a Revolving Loan pursuant to this Agreement;

        §6.    Miscellaneous Provisions.

        (a) Except as otherwise expressly provided by this Agreement, all of the
respective terms, conditions and provisions of the Credit Agreement, the Notes
and the other Credit Documents

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shall remain the same. The Credit Agreement, the Notes and the other Credit
Documents, each as amended hereby, shall continue in full force and effect, and
that this Agreement and the Credit Agreement, the Notes and the other Credit
Documents, as applicable, shall be read and construed as one instrument.

        (b) This Agreement is intended to take effect under, and shall be
construed according to and governed by, the laws of the State of New York.

        (c) This Agreement may be executed in any number of counterparts, but
all such counterparts shall together constitute but one instrument. In making
proof of this Agreement it shall not be necessary to produce or account for more
than one counterpart signed by each party hereto by and against which
enforcement hereof is sought. A facsimile of an executed counterpart shall have
the same effect as the original executed counterpart.

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        IN WITNESS WHEREOF, each of the parties hereto have caused this
Agreement to be executed in its name and behalf by its duly authorized officer
as of the date first written above.

 
 
IMAGISTICS INTERNATIONAL INC.
 
 
By:
/s/  JOSEPH D. SKRZYPCZAK            

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Joseph D. Skrzypczak
Its: Chief Financial Officer
 
 
FLEET CAPITAL CORPORATION,
as Administrative Agent and as a Lender
 
 
By:
/s/  EDGAR EZERINS            

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Edgar Ezerins
Its: Vice President
 
 
MERRILL LYNCH CAPITAL CORPORATION,
as a Lender
 
 
By:
/s/  MICHAEL E. O'BRIEN            

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Michael E. O'Brien
Its: Vice President
 
 
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,
as a Lender
 
 
By:
/s/  H. A. SIEGEL, JR.            

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H. A. Siegel, Jr.
Its: Managing Director

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NATEXIS BANQUE POPULAIRES
as a Lender
 
 
By:
       

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Its:
 
 
THE CHASE MANHATTAN BANK,
as a Lender
 
 
By:
/s/  THOMAS D. MCCORMICK            

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Thomas D. McCormick
Its: Vice President
 
 
THE INDUSTRIAL BANK OF JAPAN, LIMITED,
as a Lender
 
 
By:
/s/  AKIHIKO MABUCHI            

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Akihiko Mabuchi
Its: Senior Vice President
 
 
IBM CREDIT CORPORATION,
as a Lender
 
 
By:
       

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Its:
 
 
PEOPLE'S BANK,
as a Lender
 
 
By:
/s/  DAVID K. SHERRILL            

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David K. Sherrill
Its: Vice President

 
 
BANK LEUMI, USA,
as a Lender
 
 
By:
/s/  PAUL TINE      
/s/  GLENN D. KREUTZER            

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      Paul Tine Glenn D. Kreutzer       Its: VP Its: BO

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PITNEY BOWES CREDIT CORP.,
as a Lender
 
 
By:
/s/  DESSA M. BOKIDES            

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Dessa M. Bokides
Its: Vice President & Treasurer
 
 
GENERAL ELECTRIC CAPITAL CORPORATION,
as a Lender
 
 
By:
       

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Its:
 
 
U.S. BANK NATIONAL ASSOCIATION,
as a Lender
 
 
By:
       

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Its:

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FIRST AMENDMENT AGREEMENT
W I T N E S S E T H
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