Document:

<PAGE>

                                                                  Exhibit # 10.1

                               AMENDING AGREEMENT

THIS AMENDING AGREEMENT made as of the 26th day of June, 2001.

BETWEEN:

          LML PAYMENT SYSTEMS INC., a corporation continued under the laws of
          the Yukon

          (the "Purchaser")

AND:

          LML PAYMENT SYSTEMS CORP., a corporation incorporated under the laws
          of the State of Delaware (as successor to Phoenix EPS, Inc.)

          ("PSC")

AND:

          ROBERT E. PEYTON, of the City of Scottsdale, in the State of Arizona

          ("Peyton")

          JOSEPH M. BANDIERA, of the City of Peoria, in the State of Arizona

          ("Bandiera")

          PETER D. STENHJEM, of the City of Tempe, in the State of Arizona

          ("Stenhjem")

          (Peyton, Bandiera and Stenhjem are hereinafter referred to
          collectively as the "Vendors")

WHEREAS:

1.  The parties hereto entered into a Share Purchase Agreement (the "SPA") as of
    July 9, 2000 pursuant to which the Vendors sold all the issued and
    outstanding shares in the capital stock of Phoenix EPS, Inc (one of the
    corporations merged to form PSC) to the Purchaser;

2.  Section 5.3 of the SPA provides for price protection to the Vendors by
    allowing the Vendors to obtain the issuance, from time to time, of
    additional common shares in the capital of the Purchaser to the Vendors to
    the extent that when the Vendors sell any LML Shares issued as consideration
    under the SPA for less than the LML Share Closing Value;

3.  The market value of LML Shares has been substantially below the LML Share
    Closing Value for ten (10) months and there is no reasonable probability of
    the market value of an LML Share being equal to or greater than $20.375, the
    LML Share Closing Value, on July 10, 2001 (the first day on which the
    Vendors would be legally entitled to sell any of the LML Shares issued to
    them pursuant to the SPA), or within ninety (90) days therefor;

<PAGE>

4.  The Vendors wish to retain their LML Shares and are willing to give up their
    rights under Section 5.3 of the SPA in consideration of the Purchaser
    issuing to them on a one time basis that number of additional LML Shares
    which is calculated using the formula for calculating the number of
    additional LML Shares potentially issuable to the Vendors under Section 5.3
    of the SPA except for substitution of the number of LML Shares held by each
    Vendor for the number of LML Shares sold and substituting five ($5.00)
    dollars for the price per LML Share reserved to be obtained upon the sale of
    LML Shares by each Vendor during the first ninety (90) days in which he is
    legally able to dispose of his LML Shares;

5.  The Purchaser is willing to enter into an obligation by amendment to Section
    5.3 of the SPA to issue additional LML Shares to the Vendors on the basis
    contemplated in Recital D in replacement of its obligation under Section 5.3
    of the SPA to issue additional LML Shares to the Vendors upon their sale of
    such shares; and

6.  The parties hereto are willing to amend the SPA pursuant to the provisions
    of this Agreement so as to provide that the price protection provisions of
    Section 5.3 of the SPA be amended as contemplated in these Recitals;

NOW, THEREFORE, THIS AGREEMENT WITNESSETH that in consideration of the premises
and the covenants, agreements, warranties and payments herein set out and
provided for and other good and valuable consideration (the receipt and
sufficiency of which is hereby acknowledged), the parties hereto covenant and
agree as follows:

                                   ARTICLE 1

                         DEFINITIONS AND INTERPRETATION

1.1  Definitions Incorporated by Reference
     -------------------------------------

     Unless otherwise defined in this Agreement, capitalised terms shall have
the respective meanings assigned thereto in the SPA.

1.1  Incorporation of Previous Documents
     -----------------------------------

     This Agreement supplements and amends the SPA and the SPA and this
Agreement shall henceforth be read together and shall have effect so far as
practicable as though all the provisions thereof and hereof were contained in
one instrument. All references in this Agreement to the Articles or Sections of
the SPA shall be deemed, unless the context shall otherwise require, to be
references to the corresponding Articles and Sections of the SPA, as the case
may be, from time to time supplemented and amended.

1.1  Divisions and Headings
     ----------------------

     The division of this Agreement into Articles and Sections and the insertion
of headings are for convenience of reference only and shall not affect the
construction or interpretation of this Agreement.

                                   ARTICLE 2
                               AMENDING PROVISION

1.1  Amendment of Price Protection Provisions
     ----------------------------------------

     The SPA is hereby supplemented and amended by:

A.   the deletion of Section 5.3 of the SPA in its entirety; and

<PAGE>

B.  replacing such deleted Section 5.3 of the SPA with the following Section
    5.3:

          "5.3  Price Protection
                ----------------

                The Purchaser covenants and agrees that the Purchaser will issue
          to each of the Vendors within ten (10) days of the execution and
          delivery of this Agreement by all the parties to it that number of LML
          Shares which is equal to the lesser of (A) the maximum number of
          shares that may be issued by the Purchaser without obtaining
          shareholders approval under the rules and regulations applicable to
          issues listed on the NASDAQ small cap market and (B) the remainder
          obtained by subtracting (x) the total number of LML Shares issued to
          such Vendor hereunder from (y) the product of (i) multiplying the
          number of such LML Shares of the Vendor by (ii) the fraction in which
          the numerator is equal to the LML Share Closing Value of $20.375 and
          the denominator is $5.00 so as to issue to each of the Vendors listed
          below the number of additional LML Shares set out below adjacent to
          the respective name of such Vendor:

<TABLE>
<CAPTION>
         Name of Vendor               Number of Additional Shares
         --------------------      ---------------------------------
         <S>                       <C>
         Peyton                                              543,312
         Stenhjem                                             67,911
         Bandiera                                             67,911  "
</TABLE>

2.2    Confirmation of Representations, Warranties and Covenants.
       ----------------------------------------------------------

       Each Vendor hereby agrees that each of the representations and warranties
made by such Vendor in Section 3.1(vv) of the SPA are true and correct in all
respects as of the date hereof with respect to the additional LML Shares to be
issued to such Vendor under this Agreement, and each of the covenants made by
such Vendor under Section 3.1(vv) of the SPA, including without limitation those
set forth in Section 3.1(vv)(ix) with respect to legends, remain in effect and
shall apply to the additional LML Shares to be issued to such Vendor under this
Agreement. Each Vendor acknowledges that he has been advised by the Purchaser
that the Purchaser intends to file its Annual Report on Form 10-K for its fiscal
year ended March 31, 2001 with the Securities and Exchange Commission on or
about June 29, 2001. Each Vendor further acknowledges that he has been advised
by the Purchaser that such report may contain material, non-public information
regarding the Purchaser that has not previously been publicly disclosed and, as
a result thereof, the trading price of the LML Shares on the Nasdaq Smallcap
Market may increase or decrease. Each Vendor further acknowledges that he has
been advised that the trading price of the LML Shares may be affected by the
public disclosure by the Purchaser of this Agreement and the terms and
conditions hereof. Each Vendor nevertheless desires to enter into this Agreement
prior to the filing by the Purchaser of such report and further acknowledges
that no assurances are made being made hereby by the Purchaser as to the current
or future value of the LML Shares, including any changes in the stock price of
the LML Shares resulting from the filing by Purchaser of such report or the
public disclosure by the Purchaser (whether through a press release or
otherwise) of this Agreement.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>

            IN WITNESS WHEREOF the parties have caused this Agreement to be duly
executed.
<TABLE>
<S>                                                        <C>
THE CORPORATE SEAL OF LML PAYMENT SYSTEMS INC. was    )
 hereunto affixed in the presence of:                 )
                                                      )
                                                      )
By:    /s/ Patrick H. Gaines                          )    C/S
     ----------------------------------------------   )
       Name                                           )
       Title                                          )

LML PAYMENT SYSTEMS CORP.

By:    /s/ Patrick H. Gaines
     ----------------------------------------------
       Name
       Title

SIGNED, SEALED AND DELIVERED by ROBERT E. PEYTON     )
 in the presence of:                                 )
                                                     )
                                                     )
                                                     )
-------------------------------------------------    )
Signature                                            )
                                                     )                     /s/ Robert E. Peyton
-------------------------------------------------    )         -------------------------------------------
Print Name                                           )                       ROBERT E. PEYTON
                                                     )
                                                     )
-------------------------------------------------    )
Address                                              )
                                                     )
                                                     )
-------------------------------------------------    )
Occupation                                           )

SIGNED, SEALED AND DELIVERED by JOSEPH M.            )
 BANDIERA in the presence of:                        )
                                                     )
                                                     )
                                                     )
-------------------------------------------------    )
Signature                                            )
                                                     )                    /s/ Joseph M. Bandiera
-------------------------------------------------    )         -------------------------------------------
Print Name                                           )                      JOSEPH M. BANDIERA
                                                     )
                                                     )
-------------------------------------------------    )
Address                                              )
                                                     )
                                                     )
-------------------------------------------------    )
Occupation                                           )
</TABLE>

<PAGE>

<TABLE>
<S>                                                             <C>
SIGNED, SEALED AND DELIVERED by PETER D.             )
 STENHJEM in the presence of:                        )
                                                     )
                                                     )
-------------------------------------------------    )
Signature                                            )
                                                     )                     /s/ Peter D. Stenhjem
-------------------------------------------------    )         -------------------------------------------
Print Name                                           )                       PETER D. STENHJEM
                                                     )
                                                     )
-------------------------------------------------    )
Address                                              )
                                                     )
                                                     )
-------------------------------------------------    )
Occupation                                           )
</TABLE><PAGE>

                                                                  Exhibit # 10.2

                          AGREEMENT AND PLAN OF MERGER
                          ----------------------------

     This Agreement and Plan of Merger (this "Agreement") is entered into as of
                                              ---------
March 28, 2001, by and among CHEQUEMARK INC., a Delaware corporation ("CMI"),
                                                                       ---
PHOENIX EPS, INC., an Arizona corporation ("Arizona Non-Surviving Corp"), CFDC
                                            --------------------------
HOLDINGS CORP., a Texas corporation ("CFDC"), CF DATA CORP., a Texas corporation
                                      ----
("CF Data"), CHECK TECHNOLOGIES, INC., a Texas corporation ("CTI") (CFDC, CF
  -------                                                    ---
Data, and CTI are referred to herein collectively as the "Texas Non-Surviving
                                                          -------------------
Corps"), NATIONAL RECOVERY SYSTEMS, LTD. OF AMERICA, a Kansas corporation
-----
("NRS"), and NATIONAL PROCESS SERVERS, INC., a Kansas corporation ("NPS") (NRS
  ---                                                               ---
and NPS are referred to herein collectively as the "Kansas Non-Surviving Corps")
                                                    --------------------------
(Arizona Non-Surviving Corp, the Texas Non-Surviving Corps, and the Kansas Non-
Surviving Corps are referred to herein collectively as the "Non-Surviving
                                                            -------------
Corps").
-----

                                    RECITALS
                                    --------

     WHEREAS, the board of directors of each of CMI and the Non-Surviving Corps,
as the case may be, has determined that CMI and the Non-Surviving Corps should
merge, consolidate, and reorganize, upon the terms and subject to the conditions
set forth herein, into one surviving Delaware corporation named "LML Payment
Systems Corp." (the "Merger"), in order to consolidate separate business units
                     ------
into a single business operating unit to provide operational economies of scale,
reduce overhead, integrate product and service offerings, develop a stronger
brand image, and facilitate future acquisitions, and that such reorganization is
consistent with the long-term business strategies and goals and in the best
interests of the shareholders of each of CMI and the Non-Surviving Corps, as the
case may be; and

     WHEREAS, the Merger has been approved by the vote of the shareholders of
each of CMI and the Non-Surviving Corps as required by the provisions of the
applicable Delaware General Corporation Law (the "DGCL"), the Arizona Business
                                                  ----
Corporation Act (the "ABCA"), the Texas Business Corporation Act (the "TBCA"),
                      ----                                             ----
and the Kansas General Corporation Code (the "KGCC") (the DGCL, ABCA, TBCA, and
                                              ----
KGCC are referred to herein collectively as the "Applicable Corporate Laws");
                                                 -------------------------
and

     WHEREAS, for Federal income tax purposes, the parties intend that the
Merger be treated as six separate transactions occurring as follows:  (i)  the
merger of CF Data into CFDC will be treated as a tax free liquidation under
Section 332 of the Internal Revenue Code of 1986, as amended (the "IRC"); (ii)
                                                                   ---
the merger of CTI into CFDC will be treated as a tax free liquidation under
Section 332 of the IRC; (iii)  the merger of NRS into CFDC will be treated as a
tax free liquidation under Section 332 of the IRC; (iv)  the merger of NPS into
CFDC will be treated as a tax free liquidation under Section 332 of the IRC; (v)
the merger of CFDC into CMI will be treated as a tax free reorganization under
Section 368(a)(1)(A) of the IRC; and (vi)  the merger of Arizona Non-Surviving
Corp into CMI will be treated as a tax free reorganization under Section
368(a)(1)(A) of the IRC.

     NOW, THEREFORE, in consideration of the promises and the mutual agreements,
covenants, and other provisions herein contained, the parties hereto intending
to be legally bound agree as follows:

                                   ARTICLE I

                                   The Merger
                                   ----------

     1.1.   The Merger.  Upon the terms and subject to the conditions set forth
            ----------
herein, and in accordance with the provisions of the Applicable Corporate Laws,
at the Effective Date (as defined in Section 1.2 hereof), each of Arizona Non-
                                     -----------
Surviving Corp, the Texas Non-Surviving Corps, and the Kansas Non-
<PAGE>

Surviving Corps shall be merged with and into CMI. As a result of the Merger,
the separate corporate existence of each of Arizona Non-Surviving Corp, the
Texas Non-Surviving Corps, and the Kansas Non-Surviving Corps shall cease and
CMI shall continue as the surviving corporation of the Merger governed by the
provisions of the DGCL and other applicable laws of the State of Delaware. As
the surviving corporation after the Merger, CMI is sometimes referred to herein
as the "Surviving Corp".
        --------------

     1.2.  Effective Date.  On the date of this Agreement, each of CMI, Arizona
           --------------
Non-Surviving Corp, the Texas Non-Surviving Corps, and the Kansas Non-Surviving
Corps shall cause the Merger to be consummated by filing a certificate of merger
or articles of merger, as the case may be, under the Applicable Corporate Laws
in mutually agreeable form and substance (the "Certificate of Merger"), with the
                                               ---------------------
Secretary of State of the States of Delaware, Arizona, Texas, or Kansas, as the
case may be, setting forth the information required by, and otherwise in
compliance with, the provisions of the Applicable Corporate Laws. The Merger
shall be effective, and the Certificate of Merger shall specify that the Merger
shall be effective, at 12:01 a.m. (Eastern Standard time) on Sunday, April 1,
2001 (the "Effective Date").
           --------------

     1.3.  Federal Tax Treatment.  For Federal income tax purposes, the parties
           ---------------------
intend that the Merger be treated as six separate transactions occurring as
follows:  (i)  the merger of CF Data into CFDC will be treated as a tax free
liquidation under Section 332 of the IRC; (ii)  the merger of CTI into CFDC will
be treated as a tax free liquidation under Section 332 of the IRC; (iii)  the
merger of NRS into CFDC will be treated as a tax free liquidation under Section
332 of the IRC; (iv)  the merger of NPS into CFDC will be treated as a tax free
liquidation under Section 332 of the IRC; (v)  the merger of CFDC into CMI will
be treated as a tax free reorganization under Section 368(a)(1)(A) of the IRC;
and (vi)  the merger of Arizona Non-Surviving Corp into CMI will be treated as a
tax free reorganization under Section 368(a)(1)(A) of the IRC.  Each of the Non-
Surviving Corps and Surviving Corp shall report such Merger consistent with this
Section 1.3 for Federal income tax purposes.
-----------

     1.4.  Effect of Merger.  At the Effective Date, the effect of the Merger
           ----------------
shall be as provided in the Applicable Corporate Laws. Without limiting the
generality of the foregoing and subject thereto, at the Effective Date,
Surviving Corp shall, without further action, succeed to and possess all the
rights, privileges, and powers, of a public as well as of a private nature, of
the Non-Surviving Corps; and all property, real, personal and mixed, and all
debts due on whatsoever account, including subscriptions to shares, and all
other causes in action, and all and every other interest, of or belonging to or
due to any of the Non-Surviving Corps, shall be deemed to be vested in Surviving
Corp without further act or deed; and the title to any real estate, or any
interest therein, vested in Surviving Corp or any of the Non-Surviving Corps
shall not revert or be in any way impaired by reason of the Merger.  Such
transfer to and vesting in Surviving Corp shall be deemed to occur by operation
of law and no consent or approval of any other person shall be required in
connection with any such transfer or vesting unless such consent or approval is
specifically required in the event of merger or consolidation by law or express
provision in any contract, agreement, decree, order or other instrument to which
Surviving Corp or any of the Non-Surviving Corps is a party or by which any of
them is bound. Following the Effective Date, Surviving Corp shall be responsible
and liable for all debts, liabilities and duties of the Non-Surviving Corps,
which may be enforced against Surviving Corp to the same extent as if such
debts, liabilities, and duties had been incurred or contracted by it.  Neither
the rights of creditors nor any liens upon the property of Surviving Corp or any
of the Non-Surviving Corps shall be impaired by the Merger.

     1.5.  Certificate of Incorporation.  The Certificate of Incorporation of
           ----------------------------
CMI as in effect immediately prior to the Effective Date, including all
amendments thereto, shall be the Certificate of Incorporation of Surviving Corp,
except that the first article thereof shall be amended as follows:

          "FIRST:   The name of the corporation is LML Payment Systems Corp."

The Certificate of Incorporation of Surviving Corp, as so amended, shall
continue in full force and effect until amended or changed in accordance with
the provisions of the DGCL and the Certificate of Incorporation and Bylaws of
Surviving Corp.
<PAGE>

     1.6.  Bylaws.  The Bylaws of CMI in effect immediately prior to the
           ------
Effective Date shall be the Bylaws of Surviving Corp, except that the Bylaws
shall be amended to reflect that the name of Surviving Corp has been changed to
"LML Payment Systems Corp." The Bylaws of Surviving Corp, as so amended, shall
continue in full force and effect until amended or changed in accordance with
the provisions of the DGCL and the Certificate of Incorporation and Bylaws of
Surviving Corp.

     1.7.  Officers and Directors.  The officers and directors of CMI in office
           ----------------------
immediately prior to the Effective Date shall be the officers and directors of
Surviving Corp from and after the Effective Date to serve until his or her
successor has been duly elected or appointed and qualified or until his or her
earlier death, resignation, or removal in accordance with the provisions of the
DGCL and the Certificate of Incorporation and Bylaws of Surviving Corp.

                                  ARTICLE II

              Conversion and Cancellation of Shares in the Merger
              ---------------------------------------------------

     2.1.  Issued and Outstanding; Treasury Shares. By virtue of the Merger, and
           ---------------------------------------
without any action on the part of any person, at the Effective Date:

     (A)  CMI.  Each share of the common stock, no par value per share, and
          ---
preferred stock, no par value per share, of CMI issued and outstanding or held
as treasury shares immediately prior to the Effective Date shall remain issued
and outstanding or held in treasury, as the case may be.

     (B)  Arizona Non-Surviving Corp.  Each share of common stock, par value
          --------------------------
$1.00 per share, of Arizona Non-Surviving Corp issued and outstanding or held as
treasury shares immediately prior to the Effective Date shall be canceled
without payment of any consideration therefor and shall cease to exist and be
outstanding.

     (C)  CFDC.  Each share of common stock, par value $0.01 per share, of CFDC
          ----
issued and outstanding or held as treasury shares immediately prior to the
Effective Date shall be canceled without payment of any consideration therefor
and shall cease to exist and be outstanding.

     (D)  CF Data.  Each share of common stock, par value $0.01 per share, of CF
          -------
Data issued and outstanding or held as treasury shares immediately prior to the
Effective Date shall be canceled without payment of any consideration therefor
and shall cease to exist and be outstanding.

     (E)  CTI.  Each share of common stock, par value $100.00 per share, of CTI
          ---
issued and outstanding or held as treasury shares immediately prior to the
Effective Date shall be canceled without payment of any consideration therefor
and shall cease to exist and be outstanding.

     (F)  NRS.  Each share of common stock, no par value per share, of NRS
          ---
issued and outstanding or held as treasury shares immediately prior to the
Effective Date shall be canceled without payment of any consideration therefor
and shall cease to exist and be outstanding.

     (G)  NPS.  Each share of common stock, no par value per share, of NPS
          ---
issued and outstanding or held as treasury shares immediately prior to the
Effective Date shall be canceled without payment of any consideration therefor
and shall cease to exist and be outstanding.

     2.2.  Issuance of Certificates.  At the Effective Date, the certificates
           ------------------------
representing the shares of CMI immediately prior to the Effective Date shall
continue to be issued and outstanding in the name of LML Corp. (f/k/a ChequeMARK
Holdings, Inc.), a Delaware corporation, as certificates representing the shares
of Surviving Corp following the Effective Date.

                                  ARTICLE III
<PAGE>

                                 Miscellaneous
                                 -------------

        3.1.  Counterparts.  This Agreement may be executed in any number of
              ------------
counterparts, each of which shall be deemed an original, but all of which
collectively shall constitute one and the same instrument.

        3.2.  Governing Law.  This Agreement shall be governed by, and construed
              -------------
in accordance with, the laws of the State of Delaware, except to the extent that
other Applicable Corporate Laws apply by their respective terms.

        3.3.  Section Headings.  The section headings contained in this
              ----------------
Agreement are inserted for convenience of reference only and shall not affect
the meaning or interpretation of this Agreement.

        3.4.  Termination.  This Agreement may be terminated at any time before
              -----------
completion of the respective filings with the Secretary of State of the States
of Delaware, Arizona, Texas, and Kansas pursuant to Section 1.2 hereof by
                                                    -----------
appropriate resolution of the directors of CMI for any reason it deems
appropriate.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Agreement as of the date first written above.

                              CHEQUEMARK INC., a Delaware corporation

                              By: /s/ Patrick H. Gaines
                                  ---------------------------------------------
                                  Patrick H. Gaines, CEO/President

                              PHOENIX EPS, INC., an Arizona corporation

                              By: /s/ Patrick H. Gaines
                                  ---------------------------------------------
                                  Patrick H. Gaines, CEO

                              CFDC HOLDINGS CORP., a Texas corporation

                              By: /s/ Patrick H. Gaines
                                  ---------------------------------------------
                                  Patrick H. Gaines, CEO/President

                              CF DATA CORP., a Texas corporation

                              By: /s/ Patrick H. Gaines
                                  ---------------------------------------------
                                  Patrick H. Gaines, CEO

                              CHECK TECHNOLOGIES, INC., a Texas corporation

                              By: /s/ Patrick H. Gaines
                                  ---------------------------------------------
                                  Patrick H. Gaines, CEO/President

                              NATIONAL RECOVERY SYSTEMS, LTD. OF AMERICA, a
                              Kansas corporation

                              By: /s/ Lawrence Oeding
                                  ---------------------------------------------
                                  Lawrence Oeding, President

                              NATIONAL PROCESS SERVERS, INC., a Kansas
                              corporation

                              By: /s/ Lawrence Oeding
                                  ---------------------------------------------
                                  Lawrence Oeding, President

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