Document:

Exhibit 10.1

                            ORDERPRO LOGISTICS, INC.

                     CODE OF ETHICS AND PROFESSIONAL CONDUCT

PREAMBLE

Commitment  to ethical  professional  conduct  is  expected  of every  employee,
director,  officer and consultant (the  "professional")  of OrderPro  Logistics,
Inc.  This Code  contains  imperatives  formulated  as  statements  of  personal
responsibility  and  identifies  the elements of such a commitment.  It contains
many,  but not  all,  issues  that  professionals  are  likely  to  face.  It is
understood  that some  words and  phrases  in a code of ethics  are  subject  to
varying interpretations,  and that any ethical principle may conflict with other
ethical  principles  in  specific  situations.   Questions  related  to  ethical
conflicts  can best be  answered  by  thoughtful  consideration  of  fundamental
principles rather than reliance on detailed regulations.

It is not intended that the individual parts of the Code be used in isolation to
justify  errors  of  omission  or  commission.  The  list of  principles  is not
exhaustive,  and  should  not be read as  separating  the  acceptable  from  the
unacceptable in professional  conduct in all practical  situations.  The Code is
not a  simple  ethical  algorithm  that  generates  ethical  decisions.  In some
situations,  standards may be in tension with each other or with  standards from
other sources. These situations require the professional to use ethical judgment
to act in a manner that is most consistent with the spirit of the Code of Ethics
and Professional Conduct.

1. GENERAL MORAL IMPERATIVES

1.1 CONTRIBUTE TO SOCIETY.

This  principle  concerning  the  quality  of  life  of all  people  affirms  an
obligation to protect  fundamental  human rights and to respect the diversity of
all  cultures.  An  essential  aim of  OrderPro  Logistics,  Inc. is to minimize
negative consequences of our actions and ensure that the products of our efforts
will be used in socially responsible ways.

1.2 AVOID HARM TO OTHERS.

"Harm"  means  injury  or  negative  consequences  such as  undesirable  loss of
information,  loss of  property,  property  damage,  or  unwanted  environmental
impacts.  This principle prohibits use of technology in ways that result in harm
to users, employees,  employers, and the general public. Harmful actions include
intentional  destruction  of property  leading to serious  loss of  resources or
unnecessary expenditure of human resources.

1.3 BE HONEST AND TRUSTWORTHY.

Honesty is an essential component of trust. Without trust an organization cannot
function  effectively.  The honest professional will not make deliberately false
or deceptive  claims,  but will instead provide full disclosure of all pertinent
limitations  and problems.  A professional  has a duty to be honest about his or
her own  qualifications and about any circumstances that might lead to conflicts
of interest.

1.4 BE FAIR AND TAKE ACTION NOT TO DISCRIMINATE.

The values of equality,  tolerance,  respect for others,  and the  principles of
equal justice govern this imperative.  Discrimination on the basis of race, sex,
religion, age, disability, national origin, or other such factors is an explicit
violation of OrderPro Logistics, Inc. policy and will not be tolerated.
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1.5 HONOR PROPERTY RIGHTS INCLUDING COPYRIGHTS AND PATENT.

Violation  of  copyrights,  patents,  trade  secrets  and the  terms of  license
agreements  are  prohibited  by law in  most  circumstances.  Even  when  not so
protected,  such  violations are contrary to  professional  behavior.  Copies of
software should be made only with proper authorization. Unauthorized duplication
of materials  must not be condoned.  Company  assets must be protected  and used
efficiently.  Theft,  carelessness,  and  waste  have  a  direct  impact  on the
Company's profitability. All Company assets must be used for legitimate business
purposes.

1.6 GIVE PROPER CREDIT FOR INTELLECTUAL PROPERTY.

Employees,  directors, officers, and consultants of OrderPro Logistics, Inc. are
obligated to protect the integrity of intellectual property.  Specifically,  one
must not take credit for other's ideas or work, even in cases where the work has
not been explicitly protected by copyright, patent, etc.

1.7 RESPECT THE PRIVACY OF OTHERS.

Computer and  communication  technology  enables the  collection and exchange of
personal  information on a scale  unprecedented  in the history of civilization.
Thus there is increased  potential for violating the privacy of individuals  and
groups.  It is the  responsibility  of professionals to maintain the privacy and
integrity of data.  This includes  taking  precautions to ensure the accuracy of
data, as well as protecting it from unauthorized access or accidental disclosure
to inappropriate individuals.

1.8 HONOR CONFIDENTIALITY.

The principle of honesty  extends to issues of  confidentiality  of  information
whenever  one  has  made an  explicit  promise  to  honor  confidentiality,  or,
implicitly,  when private information not directly related to the performance of
one's  duties  becomes  available.   The  ethical  concern  is  to  respect  all
obligations  of  confidentiality  to  employers,  customers,  and  users  unless
discharged from such  obligations by requirements of the law or other principles
of this Code.

2. MORE SPECIFIC PROFESSIONAL RESPONSIBILITIES.

2.1 STRIVE TO ACHIEVE THE HIGHEST QUALITY, EFFECTIVENESS AND DIGNITY IN BOTH THE
    PROCESS AND PRODUCTS OF PROFESSIONAL WORK.

Excellence  is perhaps the most  important  obligation  of a  professional.  The
employees,  directors, officers and consultants of OrderPro Logistics, Inc. must
strive  to  achieve  quality  and  to  be  cognizant  of  the  serious  negative
consequences that may result from poor quality in a system.

2.2 ACQUIRE AND MAINTAIN PROFESSIONAL COMPETENCE.

Excellence  depends on  individuals  who take  responsibility  for acquiring and
maintaining  professional competence. A professional must participate in setting
standards  for  appropriate  levels of  competence,  and strive to achieve those
standards.  Upgrading  technical  knowledge  and  competence  can be achieved in
several ways:  doing  independent  study,  attending  seminars,  conferences  or
courses, and being involved in professional organizations.

2.3 KNOW AND RESPECT EXISTING LAWS PERTAINING TO PROFESSIONAL WORK.

Employees,  directors, officers and consultants of OrderPro Logistics, Inc. must
obey existing local, state,  province,  national,  and international laws unless
there is a compelling ethical basis not to do so. Policies and procedures of the
Company  must also be obeyed.  If one  decides to violate or  challenge a law or
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rule because it is viewed as unethical,  or for any other reason, one must fully
accept responsibility for one's actions and for the consequences.

The company promotes  compliance with laws regarding  insider  trading.  Insider
trading is trading or tipping  others to trade in  securities  of our Company or
any other  company  based on  information  that is not  available to the public.
Insider  trading is both  unethical  and illegal and will be dealt with  firmly.
Perceived  pressures from supervisors or demands due to business  conditions are
not excuses for violating the law.  Questions or concerns  about the legality of
an action  should be  presented  to the  professional's  supervisor  and/or  the
President of the Company.  The Company  will not allow  retaliation  for reports
made in good faith.

2.4 AVOID CONFLICTS OF INTEREST.

A conflict of interest occurs when a professional's  private interest interferes
in any way, or even appears to interfere,  with the interest of the Company as a
whole.  A situation  creating a conflict  can arise when an  employee,  officer,
director or consultant takes actions or has interests that may make it difficult
to perform his or her Company work  objectively  and  effectively.  Conflicts of
interest also arise when a professional receives improper personal benefits as a
result  of his or her  position  in the  Company.  Loans to,  or  guarantees  of
obligations of, such persons are of special concern.  Additionally professionals
should  not  receive  payments  of  any  kind  from  any  competitor,  customer,
distributor  or supplier of the Company  without prior approval of the Company's
management.

If any employee,  director,  officer, or consultant of OrderPro Logistics, Inc.,
directly or  indirectly,  has a financial or personal  interest in a contract or
transaction to which the Company is a party, or is contemplating entering into a
transaction  that  involves  use of  Company  assets or could  compete  with the
Company, the professional shall disclose the interest to a supervisor or manager
and  describe  all  material  facts  concerning  the  matter.   If  appropriate,
supervisors will report any such situations to the President of the Company.  If
necessary,  the  President of the Company will report any such  situation to the
Board of Directors who will, in  conjunction  with the Company's  legal counsel,
make a determination  of whether or not the situation is a conflict of interest.
The Company promotes disclosure of any questionable situations. The Company will
not retaliate and will not permit any of its employees,  directors, officers, or
consultants to retaliate for such disclosure.

2.5 GIVE COMPREHENSIVE AND THOROUGH EVALUATIONS OF SYSTEMS.

Employees,  directors and officers of OrderPro Logistics, Inc. must strive to be
perceptive,   thorough,  and  objective  when  evaluating,   recommending,   and
presenting   system   descriptions  and  alternatives.   Professionals   have  a
responsibility  to  provide  objective,   credible   evaluations  to  employers,
customers,  users, and the public.  When providing  evaluations the professional
must also identify any relevant conflicts of interest.

2.6 HONOR CONTRACTS, AGREEMENTS, AND ASSIGNED RESPONSIBILITIES.

Honoring one's  commitments is a matter of integrity and honesty.  This includes
ensuring  that system  elements  perform as  intended.  Also,  when working with
another party, one has an obligation to keep that party properly  informed about
progress toward completing that work. The major underlying principle here is the
obligation to accept personal  accountability for professional work. The Company
requires  honest and  accurate  recording  and  reporting of  information.  This
includes quality,  safety,  and personnel  records,  as well as all business and
financial records and reports.

2.7 ACCESS COMPUTER AND COMMUNICATION RESOURCES ONLY WHEN AUTHORIZED TO DO SO.

Theft  or  destruction  of  tangible  and  electronic  property  is  prohibited.
Trespassing  and  unauthorized  use of a  computer  or  communication  system is
prohibited.  Trespassing includes accessing  communication networks and computer
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systems,  or  accounts  and/or  files  associated  with those  systems,  without
explicit authorization to do so. Individuals and organizations have the right to
restrict   access  to  their  systems  so  long  as  they  do  not  violate  the
discrimination  principle. No one should enter or use another's computer system,
software,  or data files without  permission.  Appropriate  approval is required
before using system resources.

3. ORGANIZATIONAL LEADERSHIP IMPERATIVES.

3.1 ARTICULATE SOCIAL  RESPONSIBILITIES OF MEMBERS OF AN ORGANIZATIONAL UNIT AND
    ENCOURAGE FULL ACCEPTANCE OF THOSE RESPONSIBILITIES.

Because  organizations of all kinds have impacts on the public, they must accept
responsibilities  to society.  Organizational  procedures and attitudes oriented
toward the quality and the welfare of society will reduce harm to members of the
public,  thereby serving public interest and fulfilling  social  responsibility.
Therefore,  organizational  leaders must encourage full participation in meeting
social responsibilities as well as quality performance.

3.2 MANAGE PERSONNEL AND RESOURCES TO DESIGN AND BUILD INFORMATION  SYSTEMS THAT
    ENHANCE THE QUALITY OF WORKING LIFE.

Organizational  leaders are responsible for ensuring that systems  enhance,  not
degrade, the quality of working life. When implementing a system,  organizations
must consider the personal and professional  development,  physical safety,  and
human dignity of all workers.  Appropriate  human-computer  ergonomic  standards
should be considered in system design and in the workplace.

3.3 ACKNOWLEDGE AND SUPPORT PROPER AND AUTHORIZED USES OF THE COMPANY'S COMPUTER
    AND COMMUNICATION RESOURCES.

Because  computer  systems  can  become  tools to harm as well as to  benefit an
organization,   the  leadership  has  the   responsibility   to  clearly  define
appropriate and inappropriate uses or organizational  computer resources.  While
the number  and scope of such  rules  should be  minimal,  they  should be fully
enforced when established.

3.4 ENSURE  THAT USERS AND THOSE WHO WILL BE  AFFECTED  BY A SYSTEM  HAVE THEIR
    NEEDS CLEARLY ARTICULATED DURING THE ASSESSMENT AND DESIGN OF REQUIREMENTS;
    LATER THE SYSTEM MUST BE VALIDATED TO MEET REQUIREMENTS.

Current  system  users,  potential  users and other  persons  whose lives may be
affected by a system  must have their needs  assessed  and  incorporated  in the
statement of requirements. System validation should ensure compliance with those
requirements.

4. COMPLIANCE WITH THE CODE.

4.1 UPHOLD AND PROMOTE THE PRINCIPLES OF THIS CODE.

The future of OrderPro  Logistics,  Inc.  depends on both  technical and ethical
excellence.  Not  only  is it  important  for  professionals  to  adhere  to the
principles  expressed  in this  Code,  each  employee,  director,  officer,  and
consultant should encourage and support adherence by others.

4.2 TREAT  VIOLATIONS OF THIS CODE AS  INCONSISTENT  WITH EMPLOYMENT AT ORDERPRO
    LOGISTICS, INC.

If an employee,  director, officer, or consultant does not follow this code, the
relationship with OrderPro Logistics, Inc. may be terminated.EXHIBIT 4.1(i)

      AMENDMENT AND WAIVER, dated as of this 14th day of May, 2003 (this
"Amendment and Waiver") to the Amended and Restated Credit Agreement, dated as
of September 10, 2002 (as it may be further amended, restated, modified or
otherwise supplemented, from time to time, the "Credit Agreement"), by and
between GLOBAL PAYMENT TECHNOLOGIES, INC. (the "Company") and JPMORGAN CHASE
BANK (the "Lender").

      WHEREAS, the Company has requested and the Lender has agreed, subject to
the terms and conditions of this Amendment and Waiver, to waive certain
provisions of the Credit Agreement as set forth herein; and

      WHEREAS, the Company has requested and the Lender has agreed, subject to
the terms and conditions of this Amendment and Waiver, to amend certain
provisions of the Credit Agreement as set forth herein;

      NOW, THEREFORE, in consideration of the premises and of the mutual
agreements herein contained, the parties hereto agree as follows:

1.    WAIVERS.

      (a) Compliance with Section 7.13(a) of the Credit Agreement is hereby
waived for the period commencing January 1, 2003 and ending March 31, 2003 to
permit Consolidated Tangible Net Worth to be less than $17,500,000 during such
period; provided, however, Consolidated Tangible Net Worth was not less than
$15,506,000 at any time during such period.

      (b) Compliance with Section 7.13(b) of the Credit Agreement is hereby
waived for the two fiscal quarters ended March 31, 2003 to permit the
Consolidated Interest Coverage Ratio to be less than 1.75:1.00 as of the two
fiscal quarters ended March 31, 2003; provided, however, such ratio was not less
than (12.89):1.00 as of the end of such two fiscal quarters.

      (c) Compliance with Section 7.13(c) of the Credit Agreement is hereby
waived for the two fiscal quarters ended March 31, 2003 to permit the ratio of
Consolidated Funded Debt to Consolidated EBITDA to be greater than 2.95:1.00 as
of the two fiscal quarters ended March 31, 2003.

      (d) Compliance with Section 7.13(e) of the Credit Agreement is hereby
waived for the period commencing January 1, 2003 and ending March 31, 2003 to
permit the ratio of Consolidated Total Unsubordinated Liabilities to
Consolidated Tangible Net Worth to be greater than .50:1.00 during such period;
provided, however, such ratio was not greater than .67:1.00 at any time during
such period.

      (e) Compliance with Section 7.13(f) of the Credit Agreement is hereby
waived for the period commencing December 31, 2002 and ending March 31, 2003 to
permit the ratio of Consolidated Quick Assets to Consolidated Current
Liabilities to be less than 1.90:1.00 during

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such period; provided, however, such ratio was not less than .98:1.00 at any
time during such period.

      (f) Compliance with Section 7.04 of the Credit Agreement is hereby waived
solely with respect to the sale by the Company on April 17, 2003 of it's full
interest in the cash handling division of International Payment Systems Pty Ltd.
and a portion of its interest in Global Payment Technologies Holdings
(Proprietary) Limited.

      (g) Compliance with Section 6.15 of the Credit Agreement is hereby waived
solely with respect to the Company's failure to deliver to the Lender a Notice
and Acknowledgment of Assignment with respect to Global Payment Technologies
Australia Pty. Ltd. and an opinion of counsel as to the due execution and
delivery of such Notice and Acknowledgment of Assignment.

2.    AMENDMENTS.

      (a) Section 1.01 of the Credit Agreement is hereby amended to add a new
definition in alphabetical order to read in its entirety as follows:

            "Test Currency" has the meaning set forth in Section 6.18(a) hereof.

      (b) The definition of "Consolidated EBIT" is hereby amended and restated
in its entirety to read as follows:

            "Consolidated EBIT" shall mean, for any period, the Consolidated Net
      Income (or net loss), plus the sum, without duplication, of (a)
      Consolidated Interest Expense, (b) all income taxes to any government or
      governmental instrumentality expensed on the Company's and each
      Guarantor's books (whether paid or accrued), and (c) all cash dividends
      received by the Company and any Guarantor from any Unconsolidated
      Affiliate, minus the sum, without duplication, of (a) all extraordinary or
      unusual gains, and (b) equity in positive income of Unconsolidated
      Affiliates, in each case, determined in accordance with Generally Accepted
      Accounting Principles applied on a consistent basis. All of the foregoing
      categories shall be calculated with respect to the Company and the
      Guarantors, on a consolidated basis, and shall be calculated (without
      duplication) as of the end of each calendar month for the twelve
      consecutive calendar months then ended commencing with the twelve month
      period ending March 31, 2005, provided, however, that (i) for the fiscal
      quarter ending June 30, 2004, all such categories shall be calculated with
      respect to the one fiscal quarter then ending, (ii) for the fiscal quarter
      ending September 30, 2004, all such categories shall be calculated with
      respect to the two fiscal quarters then ending, and (iii) for the fiscal
      quarter ending December 31, 2004, all such categories shall be calculated
      with respect to the three fiscal quarters then ending.

      (c) The definition of "Consolidated EBITDA" is hereby amended and restated
in its entirety to read as follows:

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            "Consolidated EBITDA" shall mean, for any period, Consolidated Net
      Income (or net loss), plus the sum, without duplication, of (a)
      Consolidated Interest Expense, (b) depreciation and amortization expenses
      or charges, (c) all income taxes to any government or governmental
      instrumentality expensed on the Company's and each Guarantor's books
      (whether paid or accrued), and (d) all cash dividends received by the
      Company and any Guarantor from any Unconsolidated Affiliate, minus the
      sum, without duplication, of (a) all extraordinary or unusual gains and
      (b) equity in positive income of Unconsolidated Affiliates, in each case,
      determined in accordance with Generally Accepted Accounting Principles
      applied on a consistent basis. All of the foregoing categories shall be
      calculated with respect to the Company and the Guarantors, on a
      consolidated basis, and shall be calculated (without duplication) as of
      the end of each calendar month for the twelve consecutive calendar months
      then ended commencing with the twelve month period ending December 31,
      2004, provided, however, that (i) for the fiscal quarter ending March 31,
      2004, all such categories shall be calculated with respect to the one
      fiscal quarter then ending, (ii) for the fiscal quarter ending June 30,
      2004, all such categories shall be calculated with respect to the two
      fiscal quarters then ending, and (iii) for the fiscal quarter ending
      September 30, 2004, all such categories shall be calculated with respect
      to the three fiscal quarters then ending.

      (d) The definition of "Consolidated Funded Debt" is hereby amended and
restated in its entirety to read as follows:

            "Consolidated Funded Debt" shall mean, on the date of determination,
      all debt for borrowed money of the Company and Guarantors, on a
      consolidated basis, with an original maturity of one year or more,
      including the current portion thereof and including, without limitation,
      the outstanding principal amount of the Loans. Funded Debt shall be
      calculated as of the end of each calendar month commencing with the
      calendar month ending December 31, 2004, provided, however that Funded
      Debt shall be calculated to be equal to (i) twenty five percent (25%) of
      the actual Funded Debt as of March 31, 2004, with respect to the calendar
      months included in the fiscal quarter ending March 31, 2004, (ii) fifty
      percent (50%) of the actual Funded Debt as of June 30, 2004, with respect
      to the calendar months included in the fiscal quarter ending June 30,
      2004, and (iii) seventy-five percent (75%) of the actual Funded Debt as of
      September 30, 2004, with respect to the calendar months included in the
      fiscal quarter ending September 30, 2004.

      (e) The definition of "Consolidated Interest Expense" is hereby amended
and restated in its entirety to read as follows:

            "Consolidated Interest Expense" shall mean, for any period, the
      gross interest expense of the Company and the Guarantors, on a
      consolidated basis, determined in accordance with Generally Accepted
      Accounting Principles applied on a consistent basis and calculated as of
      the end of each calendar month for the twelve calendar months then ended
      commencing with the twelve month period ending March 31, 2005, provided,
      however, that (i) for the fiscal quarter

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      ending June 30, 2004, all such categories shall be calculated with respect
      to the one fiscal quarter then ending, (ii) for the fiscal quarter ending
      September 30, 2004, all such categories shall be calculated with respect
      to the two fiscal quarters then ending, and (iii) for the fiscal quarter
      ending December 31, 2004, all such categories shall be calculated with
      respect to the three fiscal quarters then ending.

      (f) The definition of "Consolidated Tangible Net Worth" in Section 1.01 of
the Credit Agreement is hereby amended to add a comma and the text "capitalized
software costs" immediately following the words "training costs".

      (g) The definition of "Revolving Credit Commitment" in Section 1.01 of the
Credit Agreement is hereby amended by deleting the reference to "$3,500,000"
contained therein and inserting the amount of "$2,000,000" in place thereof.

      (h) Section 6.03 of the Credit Agreement is hereby amended to delete the
"." at the end of subsection (j) and replace it with "; and"; and Section 6.03
of the Credit Agreement is further amended to add a new subsection (k) to read
in its entirety as follows:

            (k) promptly following receipt thereof, (i) copies of the annual
      financial statements and/or reports received by the Company with respect
      to the Unconsolidated Affiliates, and (ii) such interim financial
      statements and/or reports, to the extent available, as the Lender may
      request from time to time with respect to the Unconsolidated Affiliates.

      (i) Section 6.15 of the Credit  Agreement is hereby amended to add the
parenthetical "(other than Global Payment Technologies Australia Pty. Ltd.)"
immediately following the words "United States" in the third line thereof.

      (j) A new Section 6.16 is hereby added to the Credit Agreement to read in
its entirety as follows:

            SECTION 6.16. ENGAGEMENT OF CONSULTANT. Upon the request of the
      Lender, at any time after the earlier of (i) September 30, 2003, or (ii)
      the occurrence and continuance of an Event of Default, retain a consultant
      acceptable to the Lender in its sole discretion (the "Consultant") to
      advise the Company in connection with Company's formulation of a revised
      business plan and other items. The scope and terms of the Consultant's
      engagement by the Company shall be set forth in an engagement agreement
      acceptable to the Lender in its sole discretion which shall provide that
      the Lender may contact the Consultant at any time, and without notice to
      the Company, to discuss the Company's financial affairs. The Company shall
      instruct the Consultant, upon the Lender's request, to provide the Lender
      with copies of any and all documents of the Company reviewed by the
      Consultant, as well as copies of all documents prepared by the Consultant
      in the performance of the Consultant's duties for the Company. The Company
      shall be solely responsible for all fees and expenses incurred in
      connection with the engagement of the Consultant.

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      (k) A new Section 6.17 is hereby added to the Credit Agreement to read in
its entirety as follows:

            SECTION 6.17.     CREDIT INSURANCE.

            (a) Deliver to the Lender, no later than June 16, 2003, evidence
      that the Company has obtained credit insurance, having a deductible of not
      greater than $300,000, with the Export-Import Bank of the United States
      ("EXIM") on such terms and conditions, and with such policy limits,
      satisfactory to the Lender, insuring all Receivables owing to the Company
      from Foreign Account Debtors located in, or arising from sales in, the
      countries of Australia, Germany, Italy and Austria, and such other
      countries as the Lender may require in order to maintain credit insurance
      on at least seventy percent (70%) of the Company's Receivables. All such
      policies of credit insurance shall be assigned to the Lender and shall
      provide for at least thirty (30) days' prior written notice to the Lender
      of any modification or cancellation of the policy. The Company shall at
      all times maintain the foregoing credit insurance in full force and effect
      and shall provide to the Lender promptly upon receipt thereof evidence of
      the annual renewal of such policy of credit insurance.

            (b) Simultaneously with delivery to EXIM, but not later than the
      last day of each month, deliver to the Lender a true, correct and complete
      copy of the monthly shipment report delivered to EXIM for the prior month,
      together with a copy of the check showing payment of the next required
      credit insurance premium.

      (l) A new Section 6.18 is hereby added to the Credit Agreement to read in
its entirety as follows:

            SECTION 6.18.     TEST CURRENCY.

            (a) Deliver to the Lender, as soon as available and in any event
      within fifteen (15) days after the end of each fiscal quarter, a report,
      in form and substance satisfactory to the Lender, identifying by type and
      amount (using the denomination of the respective foreign country) of all
      U.S. and foreign currency held by the Company at its Hauppauge, New York
      facility and used in connection with the testing of the Company's products
      (collectively, "Test Currency"); and

            (b) Deliver the Test Currency to the Lender in accordance with
      Section 3.03(d) of the Security Agreement.

      (m) A new Section 6.19 is hereby added to the Credit Agreement to read in
its entirety as follows:

            SECTION 6.19. SHIPMENT REPORT. In the event either Australia Joint
      Venture Agreement shall cease to be in full force and effect on
      substantially the same terms as in effect on the dates of execution
      thereof, then, as soon as available, and in any

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      event within twenty (20) days after the end of each month, furnish to the
      Lender a monthly report, in form and substance satisfactory to the Lender,
      detailing all (i) open orders for supplies received by the Company under
      such agreements, together with estimated dates of shipment, (ii)
      forecasted shipments of supplies from the Company under such agreements
      over the succeeding six (6) month period (on a monthly basis), and (iii)
      actual shipments made by the Company under such agreements for the month
      then ended and for each of the thirteen months immediately preceding the
      date of such report.

      (n) A new Section 6.20 is hereby added to the Credit Agreement to read in
its entirety as follows:

            SECTION 6.20. LANDLORD WAIVER. Deliver to the Lender, no later than
      June 30, 2003, a duly completed landlord's waiver, in form and substance
      satisfactory to the Lender, with respect to the Company's premises located
      at 425B Oser Avenue, Hauppauge, New York.

      (o) A new Section 7.17 is hereby added to the Credit Agreement to read in
its entirety as follows:

            SECTION 7.17. TEST CURRENCY COVENANT. Permit at any time the value
      of the Test Currency to be less than $800,000, such value to be determined
      as of the last day of each fiscal quarter of the Company based upon the
      daily 12:00 noon foreign exchange buying rates in New York as published by
      the Federal Reserve Bank of New York for such date, or if such rates are
      unavailable, such value to be determined based upon the Lender's foreign
      currency exchange rates in effect for such date.

      (p) Section 7.03(d) of the Credit Agreement is hereby amended by deleting
each reference to "$3,900,000" contained therein and substituting the amount of
"$2,500,000" in place thereof in each instance.

      (q) Section 7.03(e) of the Credit Agreement is hereby amended by deleting
each reference to "$3,900,000" contained therein and substituting the amount of
"$2,500,000" in place thereof in each instance.

      (r) Section 7.06(b) of the Credit Agreement is hereby amended by deleting
each reference to "$3,900,000" contained therein and substituting the amount of
"$2,500,000" in place thereof in each instance.

      (s) Section 7.06(c) of the Credit Agreement is hereby amended by deleting
each reference to "$3,900,000" contained therein and substituting the amount of
"$2,500,000" in place thereof in each instance.

                                       6
<PAGE>

      (t) Section 7.12 of the Credit Agreement is hereby amended by deleting
each reference to "$3,900,000" contained therein and substituting the amount of
"$2,500,000" in place thereof in each instance.

      (u) The text of Section 7.13(a) of the Credit Agreement is hereby amended
and restated in its entirety, effective as of April 1, 2003, to read as follows:

            (a) Consolidated Tangible Net Worth. Permit at any time Consolidated
      Tangible Net Worth to be less than the amount set forth below opposite the
      applicable period:

                  Period                                        Amount
                  ------                                        ------

                  April 1, 2003 through June 29, 2004           $12,300,000

                  June 30, 2004 through September 29, 2004      Actual
                                                                Consolidated
                                                                Tangible Net
                                                                Worth as of
                                                                September 30,
                                                                2003 plus
                                                                $285,000.

                  September 30, 2004 and thereafter             Actual
                                                                Consolidated
                                                                Tangible Net
                                                                Worth as of June
                                                                30, 2004 plus
                                                                $410,000.

      (v) The text of Section 7.13(b) of the Credit Agreement is hereby amended
and restated in its entirety, effective as of April 1, 2003, to read as follows:

            (b)   Consolidated Interest Coverage Ratio.

                  (i) Permit the Consolidated Interest Coverage Ratio, at the
            end of the following fiscal quarters, to be less than the ratio set
            forth set forth below opposite the applicable fiscal quarter end:

                  Fiscal Quarter Ending                           Ratio
                  ---------------------                           -----

                  Fiscal quarter ending June 30, 2004             3.00:1.00

                  Two fiscal quarters ending September 30, 2004   3.50:1.00

                  Three fiscal quarters ending December 31, 2004  3.50:1.00

                                       7
<PAGE>

                  (ii) Commencing with the fiscal quarter ending March 31, 2005,
            permit the Consolidated Interest Coverage Ratio to be less than
            3.50:1.00, at any time.

      (w) The text of Section 7.13(c) of the Credit Agreement is hereby amended
and restated in its entirety, effective as of April 1, 2003, to read as follows:

            (c)   Consolidated Funded Debt to Consolidated EBITDA.

                   (i) Permit the ratio of Consolidated Funded Debt to
            Consolidated EBITDA, at the end of the following fiscal quarters, to
            be greater than the ratio set forth set forth below opposite the
            applicable fiscal quarter end:

                  Fiscal Quarter Ending                           Ratio
                  ---------------------                           -----

                  Fiscal quarter ending March 31, 2004            4.00:1.00

                  Two fiscal quarters ending June 30, 2004        2.00:1.00

                  Three fiscal quarters ending September 30, 2004 1.25:1.00

                   (ii) Commencing with the fiscal quarter ending December 31,
            2004, permit the ratio of Consolidated Funded Debt to Consolidated
            EBITDA to be greater than 1.25:1.00, at any time.

      (x) The text of Section 7.13(d) of the Credit Agreement is hereby amended
and restated in its entirety, effective as of April 1, 2003, to read as follows:

            (d) Consolidated Interim EBIT. Permit Consolidated Interim EBIT to
      be less than (i) ($1,450,000), for the fiscal quarter ending March 31,
      2003, (ii) ($995,000), for the fiscal quarter ending June 30, 2003, (iii)
      ($650,000), for the fiscal quarter ending September 30, 2003, (iv)
      ($350,000), for the fiscal quarter ending December 31, 2003, (v)
      ($185,000), for the fiscal quarter ending March 31, 2004, (vi) $125,000,
      for the fiscal quarter ending June 30, 2004, or (vii) $335,000, for the
      fiscal quarter ending September 30, 2004.

      (y) The text of Section 7.13(e) of the Credit Agreement is hereby amended
and restated in its entirety, effective as of April 1, 2003, to read as follows:

            (e) Consolidated Total Unsubordinated Liabilities to Consolidated
      Tangible Net Worth. Permit at any time the ratio of Consolidated Total
      Unsubordinated Liabilities to Consolidated Tangible Net Worth to be
      greater than the ratio set forth below opposite the applicable period:

                                       8
<PAGE>

                  Period                                          Ratio
                  ------                                          -----

                  April 1, 2003 through June 29, 2003             .80:1.00

                  June 30, 2003 through June 29, 2004             .60:1.00

                  June 30, 2004 and thereafter                    .50:1.00

      (z) The text of Section 7.13(f) of the Credit Agreement is hereby amended
and restated in its entirety, effective as of April 1, 2003, to read as follows:

            (f) Consolidated Quick Assets to Consolidated Current Liabilities.
      Permit at any time the ratio of Consolidated Quick Assets to Consolidated
      Current Liabilities to be less than the ratio set forth below opposite the
      applicable period:

                  Period                                          Ratio
                  ------                                          -----

                  April 1, 2003 through June 29, 2003             1.10:1.00

                  June 30, 2003 through September 29, 2003        1.25:1.00

                  September 30, 2003 through June 29, 2004        1.30:1.00

                  June 30, 2004 through September 29, 2004        1.40:1.00

                  September 30, 2004 and thereafter               1.50:1.00

      (aa) The preamble in Article VII of the Credit Agreement is hereby amended
and restated in its entirety to read as follows:

      The Company covenants and agrees with the Lender that so long as the
      Commitments remain in effect or any of the principal of or interest on any
      Note or any other Obligation hereunder shall be unpaid, it will not cause
      or permit any direct or indirect Subsidiary of the Company or any Direct
      Affiliate which the Company shall have the power, direct or indirect, to
      direct or cause the direction of management or policies of such Direct
      Affiliate whether through the ownership of voting securities, by contract
      or otherwise, directly or indirectly, to incur, create, assume or suffer
      to exist or otherwise become liable in respect of any indebtedness for
      borrowed money, and it will not, and will not cause or permit any
      Guarantor, directly or indirectly to:

      (bb) Schedule VI to the Credit Agreement is hereby amended to reduce the
amount under the heading "Aggregate Permitted Loans, Guarantee Obligations, and
Capital

                                       9
<PAGE>

Contributions" with respect to Global Payment Technologies Holdings
(Proprietary) Limited from "$1,650,000" to "$250,000" and is further amended to
reduce the "Total" from "$3,900,000" to "$2,500,000".

      (cc) The form of Security Agreement attached as Exhibit E to the Credit
Agreement is hereby deleted and replaced with the form of Security Agreement
attached hereto as Exhibit 1.

3. CONDITIONS OF EFFECTIVENESS. This Amendment and Waiver shall become effective
following: (a) the Company's repayment of $500,000 of Revolving Credit Loans
outstanding as of the date hereof, such repayment to be made in accordance with
and subject to the terms and conditions of the Credit Agreement, (b) the
Company's prepayment of $1,400,000 of Term Loan B outstandings, such prepayment
to be made in accordance with and subject to the terms and conditions of the
Credit Agreement, including, without limitation, the payment of any amounts due
under Section 3.08 of the Credit Agreement, such amount under Section 3.08 not
to exceed $3,500, and (c) upon receipt by the Lender on the date hereof of each
of the following:

      (i) this Amendment and Waiver, duly executed by the Company;

      (ii) an amendment and waiver fee of $25,000, together with the fees and
expenses of the Lender's legal counsel;

      (iii) the amended and restated Security Agreement in the form attached
hereto as Exhibit 1 duly executed by the Company and each Guarantor;

      (iv) evidence that the Company has duly completed and submitted an
application to the Export-Import Bank of the United States to obtain credit
insurance insuring all Receivables owing to the Company from Foreign Account
Debtors located in, or arising from sales in, the countries of Australia,
Germany, Italy and Austria (the "Credit Insurance");

      (v) a First Note Modification Agreement duly executed by the Company in
the form attached hereto as Exhibit 2;

      (vi) a certificate of insurance confirming that the Company has obtained
insurance covering the Company's "Test Currency" (as more particularly described
on Schedule I attached hereto) in an amount not less than $1,000,000 and naming
the Lender as loss payee thereon;

      (vii) a certificate of the Secretary of the Company certifying that
attached thereto is a true and complete copy of the resolutions adopted by the
Board of Directors of the Company authorizing the execution, delivery and
performance of this Amendment and Waiver; and

      (viii) a general release duly executed by the Company in the form attached
hereto as Exhibit 3.

                                       10
<PAGE>

4.    MISCELLANEOUS.

      The amendments and waivers herein contained are limited specifically to
the matters set forth above and for the specific instances and purposes for
which given and do not constitute directly or by implication a waiver or
amendment of any other provisions of the Credit Agreement or a waiver of any
other Default or Event of Default.

      Capitalized terms used herein and not otherwise defined herein shall have
the same meanings as defined in the Credit Agreement.

      Except as expressly amended or waived hereby, the Credit Agreement shall
remain in full force and effect in accordance with the original terms thereof.
The Credit Agreement is ratified and confirmed in all respects by the Company.

      The Company hereby represents and warrants that (a) after giving effect to
this Amendment and Waiver, the representations and warranties in the Credit
Agreement and the other Loan Documents are true and correct in all material
respects as of the date hereof with the same effect as though such
representations and warranties have been made on and as of such date, unless
such representation is as of a specific date, in which case, as of such date,
and (b) after giving effect to this Amendment and Waiver, no Default or Event of
Default has occurred and is continuing.

      Should there be a request for further waivers or amendments with respect
to the covenants described in paragraph 1 hereof or any other covenants, such
request shall be evaluated by the Lender when formally requested, in writing, by
the Company, and the Lender may deny any such request for any reason in its sole
discretion.

      This Amendment and Waiver may be executed in one or more counterparts,
each of which shall constitute an original, but all of which when taken together
shall constitute but one amendment and waiver.

      THIS AMENDMENT AND WAIVER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICT
OF LAWS.

      This Amendment and Waiver shall constitute a Loan Document.

                       [THE NEXT PAGE IS THE SIGNATURE PAGE]

                                       11
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused this Amendment and
Waiver to be duly executed as of the day and year first above written.

                              GLOBAL PAYMENT TECHNOLOGIES, INC.

                              By:_______________________________
                              Name:
                              Title:

                              By:_______________________________
                              Name:
                              Title:

                              JPMORGAN CHASE BANK

                              By:_______________________________
                              Name:
                              Title:

                                ACKNOWLEDGMENT

      The undersigned, not a party to the Credit Agreement but a Guarantor,
hereby acknowledges and agrees to the terms of this Waiver and Amendment and
confirms that its Guaranty is in full force and effect.

-------------------------------------------------------------------------------
      ABACUS FINANCIAL MANAGEMENT SYSTEMS LTD., USA
================================================================================

      By:____________________________________
         Name:
         Title:

      By:____________________________________
         Name:
         Title:
-------------------------------------------------------------------------------

                                       12
<PAGE>

                                  SCHEDULE I

                               (Test Currency)

                    [DETAILED DESCRIPTION TO BE PROVIDED]

                                       13
<PAGE>

                                  EXHIBIT 1

                  (Amended and Restated Security Agreement)

                                       14
<PAGE>

                                  EXHIBIT 2

                     (First Note Modification Agreement)

                                       15
<PAGE>
                                  EXHIBIT 3

                              (General Release)

                                       16

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