Document:

<PAGE>

                                                                 EXHIBIT 10.12.4

                               AMENDMENT NO. 1 TO
                      AMENDED AND RESTATED CREDIT AGREEMENT

         This Amendment No. 1 to Amended and Restated Credit Agreement (this
"Amendment"), is dated as of March 29, 2002, by and among NETZEE, INC., a
Georgia corporation, as the Borrower, JOHN H. HARLAND COMPANY, as a Lender
("Harland"), and INTERCEPT, INC., as a Lender ("InterCept") and as the Agent.

                                    Recitals

         The Borrower, the Lenders and Agent are parties to that certain Amended
and Restated Credit Agreement dated as of February 2, 2001 (the "Credit
Agreement"; capitalized terms used herein and not otherwise defined herein shall
have the meanings ascribed to them in the Credit Agreement).

         The parties have agreed to make certain modifications to the terms of
the Credit Agreement, as more particularly set forth herein.

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

         1.       General. Upon and after the date hereof, all references to the
Credit Agreement in that document or in any other Loan Document shall mean the
Credit Agreement as amended hereby. Except as expressly provided herein, the
execution and delivery of this Amendment does not and will not amend, modify or
supplement any provision of, or constitute a consent to or a waiver of any
noncompliance with the provisions of, the Credit Agreement, and, except as
specifically provided in this Amendment, the Credit Agreement shall remain in
full force and effect and is hereby ratified and confirmed.

         2.       Amendments. The Credit Agreement is hereby amended as follows:

                  (a)      Section 1.01 of the Credit Agreement is hereby
         amended by adding the following new definitions in alphabetical order:

                  "Aggregate Percentage" means, as to each Lender, the ratio,
         expressed as a percentage, of (a) the amount of such Lender's
         Commitment to (b) the Aggregate Commitments.

                  "InterCept Subfacility" means a $1,000,000 subfacility under
         the Revolving Credit Facility extended solely by InterCept. Revolving
         Credit Advances shall be deemed made under the InterCept Subfacility
         only to the extent that the total principal amount of all Revolving
         Credit Advances outstanding exceeds an amount equal to (i) the
         Aggregate Commitment minus (ii) $1,000,000. Each payment by the
         Borrower with respect to any Revolving Credit Advance (other than
         voluntary or mandatory payments which permanently reduce the
         Commitments pursuant to Section 2.03 or 2.04 hereof) shall be applied
         first to Revolving Credit Advances outstanding under the InterCept

<PAGE>

         Subfacility and then to Revolving Credit Advances outstanding under the
         Shared Subfacility. Each voluntary or mandatory reduction of the
         Commitments pursuant to Section 2.03 or 2.04 hereof shall be applied
         first to the Commitments under the Shared Subfacility and then to the
         InterCept Subfacility Commitment.

                  "InterCept Subfacility Commitment" means the portion of
         InterCept's Commitment comprising InterCept's obligation to make
         Revolving Credit Advances under the InterCept Subfacility.

                  "InterCept Subfacility Percentage" means, with respect to
         InterCept, 100%, and with respect to any other Lender, 0%.

                  "Revolving Credit Facility" means the revolving credit
         facility established by the Lenders in favor of the Borrower pursuant
         to this Agreement.

                  "Shared Subfacility" means the portion of the Revolving Credit
         Facility other than the InterCept Subfacility.

                  "Shared Subfacility Percentage" means, as to each Lender, the
         ratio expressed as a percentage, of (a) the amount of such Lender's
         Commitment (and, if such Lender is InterCept, less an amount equal to
         the InterCept Subfacility Commitment) to (b) an amount equal to the
         Aggregate Commitments less an amount equal to the InterCept Subfacility
         Commitment.

                  (b)      Section 1.01 of the Credit Agreement is hereby
         amended by amending the following definitions in their entirety and
         substituting the following therefor:

                  "Credit Percentage" means, as to each Lender, (a) to the
         extent that there is Borrowing availability under the Shared
         Subfacility, for purposes of determining (i) such Lender's obligations
         to make Revolving Credit Advances and (ii) the application of
         repayments by the Borrower of Revolving Credit Advances (other than
         voluntary or mandatory payments which permanently reduce the
         Commitments pursuant to Section 2.03 or 2.04 hereof), such Lender's
         Shared Subfacility Percentage; (b) to the extent that the Shared
         Subfacility is fully funded, for purposes of determining (i) such
         Lender's obligations to make Revolving Credit Advances and (ii) the
         application of repayments by the Borrower of Revolving Credit Advances
         (other than voluntary or mandatory payments which permanently reduce
         the Commitments pursuant to Section 2.03 or 2.04 hereof), such Lender's
         InterCept Subfacility Percentage; (c) at all times that any Commitment
         remains effective under the Shared Subfacility, for purposes of
         apportioning any voluntary or mandatory reduction of the Commitments
         pursuant to Section 2.03 or 2.04 hereof, such Lender's Shared
         Subfacility Percentage; and (d) for all other purposes, unless the
         context clearly indicates otherwise, such Lender's Aggregate
         Percentage.

                  "Termination Date" means April 10, 2003.

                                       2
<PAGE>

         3.       Acknowledgements. The Borrower and the Lenders acknowledge and
agree that, after giving effect to the amendments set forth in Section 2 above,
the amount of each Lender's Commitment, Aggregate Percentage, and Shared
Subfacility Percentage is as follows:

<TABLE>
<CAPTION>
                                                                                              SHARED SUBFACILITY
           LENDER                      COMMITMENT              AGGREGATE PERCENTAGE              PERCENTAGE
           ------                      ----------              --------------------          ------------------
         <S>                           <C>                     <C>                           <C>
         InterCept                     $14,040,700                    78.00%                       76.71%

          Harland                      $ 3,959,300                    22.00%                       23.29%
</TABLE>

         4.       Representations and Warranties. The Borrower hereby represents
and warrants to Lenders and the Agent as follows:

                  (a)      Authorization of Amendment, Etc. Borrower has the
         right and power, and has taken all necessary action to authorize it, to
         execute, deliver and perform this Amendment in accordance with its
         terms. This Amendment has been duly executed and delivered by Borrower
         and is a legal, valid and binding obligation of Borrower, enforceable
         against Borrower in accordance with its terms.

                  (b)      Representations in Credit Agreement. All of the
         representations set forth in the Credit Agreement, as modified hereby,
         are accurate in all material respects as of the date hereof.

         5.       Loan Documents. Borrower and Lender agree and acknowledge that
this Amendment shall constitute a "Loan Document" under the Credit Agreement.

         6.       Fees. In consideration of InterCept's agreement to extend the
"InterCept Subfacility" referred to in Section 2 of this Amendment, the Borrower
will pay to InterCept a nonrefundable commitment fee of $100,000, such fee to be
payable immediately following the execution and delivery of this Amendment. In
consideration of Harland's agreement to extend the "Shared Subfacility" referred
to in Section 2 of this Amendment, the Borrower will pay to Harland a
nonrefundable commitment fee of $20,000, such fee to be payable immediately
following the execution and delivery of this Amendment.

         7.       No Implied Consent or Waiver. Except as expressly set forth
herein, the execution and delivery of this Amendment does not and will not
constitute a consent to or a waiver of any noncompliance with the provisions of
the Credit Agreement.

                                       3
<PAGE>

         8.       Counterparts. This Amendment may be executed by each party to
this Amendment upon a separate copy, and in such case one counterpart of this
Amendment shall consist of enough of such copies to reflect the signature of all
of the parties to this Amendment. This Amendment may be executed in two or more
counterparts, each of which shall be deemed an original, and it shall not be
necessary in making proof of this Amendment or its terms to produce or account
for more than one of such counterparts.

         9.       Governing Law. This Amendment shall be governed by, and
construed in accordance with, the internal laws of the State of Georgia.

         10.      Successors and Assigns. This Amendment shall be binding upon
and inure to the benefit of the parties hereto and their respective successors
and assigns.

                     [Signatures commence on following page]

                                       4
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective officers hereunder duly authorized as of the day
and year first written above.

                                       NETZEE, INC., as the Borrower

                                       By:  /s/ Richard S. Eiswirth
                                           ------------------------------------
                                         Title:  SEVP and CFO
                                                -------------------------------

                                       INTERCEPT, INC., as a Lender and as the
                                       Agent

                                       By:  /s/ Scott R. Meyerhoff
                                           ------------------------------------
                                         Title:  SVP CFO
                                                -------------------------------

                                       JOHN H. HARLAND COMPANY, as a Lender

                                       By:  /s/  John Stakel
                                           ------------------------------------
                                         Title:  VP/Treasurer
                                                -------------------------------<PAGE>
                                                                   EXHIBIT 10.22

                                    AGREEMENT

C. Michael Bowers, 1609 Grand Oaks Boulevard, Oxford, Mississippi 38655
("Employee") and Netzee, a Georgia Corporation with its principal place of
business at 6190 Powers Ferry Road, Suite 400, Atlanta, Georgia 30339, ("the
Company"), in exchange for their mutual covenants and obligations set forth
herein, hereby agree as follows:

         1.       As of November 30, 2001, ("Date of Separation"), Employee's
employment with the company shall cease.

         2.       The Company will pay employee a lump sum of Thirty-Five
Thousand Three Hundred Thirty-Three Dollars and 00 cents ($35,333.00), minus
appropriate withholdings under federal, state, city, or other applicable laws
and appropriate deductions. In addition, in consideration for the successful
relocation of the Connecticut Call Center, the Company will pay employee a lump
sum bonus of Fifty Thousand Dollars and 00 cents ($50,000.00) pursuant to the
addendum to the Agreement with Bank of America for technical support services.
Payment of bonus will be made upon receipt of the payment from Bank of America
that is anticipated to be made on or around December 31, 2001.

                  Employee agrees and acknowledges that this total amount
constitutes adequate consideration for his covenants and obligations set forth
herein, it being an amount over and above any entitlements that he has or may
have had by reason of his separation from employment with the Company.

         3.       The Company will pay Employee any unused, accrued vacation
time for 2001, minus appropriate withholdings under federal, state, city or
other applicable laws and appropriate deductions, on November 30, 2001.

         4.       Employee shall be entitled to continuation of coverage under
the Company's health/medical insurance plan pursuant to any rights she may have
under the federal Consolidated Omnibus Budget Reconciliation Act, as amended
("COBRA"), part VI of Subtitle B of Title I of the Employee Retirement Income
Security Act of 1974 ("ERISA"), as amended; Internal Revenue Code ss.4980(B)(f).
Such continuation shall be afforded up to the maximum period provided by law so
long as Employee submits payments for elected coverage and otherwise complies
with conditions on a timely basis. For the COBRA period December 2001 through
January 2002, the Company will pay for the continuation of the COBRA coverage.
Should the Employee decide to continue coverage beyond January 2002, Employee
shall be responsible for payment of the COBRA continuation.

         5.       Employee acknowledges having had access to the Company's
confidential, proprietary information and agrees that he will keep it in strict
confidence, and will not, either directly or indirectly, make known, reveal, or
otherwise disseminate such information gained by Employee during her association
with the Company.

                  Except as provided herein, this Release Agreement supersedes
all prior agreements between the company and the employee. However, the
"Confidentiality, Non-Solicitation and Non-Recruitment Agreement" attached
hereto as Exhibit "A" is not superseded and remains in full force and effect.

<PAGE>

                  Such information is recognized and acknowledged by the
Employee to include, but not be limited to the following:

         (A)      Business Information: (1) customer or prospective customer
lists (contacts, addresses, phone numbers, etc.); (2) cost and/or sales
information; (3) business contacts/relationships; (4) all personnel information;
(5) all recruiting information; (6) information concerning medical or other
employee benefits; (7) all information regarding pending litigation and legal
matters (including, but not limited to, contracts, legislation, information
regarding potential acquisitions and/or regarding the sale of the Company's
business, administrative agency proceedings, etc.); (8) all information which
the Company has covenanted not to disclose; (9) employee lists (including, but
not limited to, names, address, phone numbers, positions, etc.); (10) financial
statements of any kind; and (11) any information related to the Company's
responses to solicitations for possible sales (bids, pricing information, etc.).

         (B)      Technical Information: (1) schematics; (2) bills of materials;
(3) costs of materials; (4) software source codes; (5) software binary codes;
(6) all mechanical drawings; (7) written/verbal specifications; and (8) other
miscellaneous technical information.

                  The Employee acknowledges that this confidential, proprietary
information is the exclusive property of the Company or its customers or
suppliers, respectively. The Employee recognizes that any material violation of
this paragraph is likely to result in immediate and irreparable harm to the
Company for which money damages are likely to be inadequate. Accordingly, the
Employee consents to injunctive and other appropriate equitable relief upon the
institution of proceedings by the Company in order to protect the Company's
rights under this paragraph. Such relief shall be in addition to any other
relief to which the Company may be entitled at law or in equity.

         6.       Employee does hereby for himself and his heirs, executors,
successors, and assigns, release and forever discharge the Company, its
officers, directors, management, representatives, employees, shareholders,
agents, successors, assigns, attorneys and other affiliated persons, both known
and unknown (collectively, "the Releasees") of and from any and all claims,
demands, actions or causes of action, damages, or suits at law or equity, of
whatsoever kind or nature, including, but not limited to, all claims and/or
demands for back pay, reinstatement, hire or re-hire, front pay, group insurance
or employee benefits of whatsoever kind (except on rights expressly provided for
herein), claims for monies and/or expenses, any claims arising out of or
relating to the cessation of Employee's employment with the Company, any claims
for failing to obtain employment at any other Company or with any other person
or employer, and/or demands for attorney's fees and legal expenses that Employee
has or may have by reason of any matter or thing arising out of, or in any way
connected with, directly or indirectly, any act and/or omission that has
occurred prior to the Effective Date of this Agreement.

         This release does not apply to Employee's entitlement under pension and
401(k) plans maintained by the Company, or to any of the Company's obligations
under this Agreement.

         7.       Employee recognizes and understands that, by executing this
Agreement, he shall be releasing the Company and those referred to in paragraph
(6) above from any claims that he now has, may have, or subsequently may have
under the Age Discrimination in Employment Act of 1967, 29 U.S.C. ss.ss.621, et
seq., as amended, by reason of any matter or thing arising out of, or in any way
connected with, directly or indirectly, any acts or omissions which have
occurred prior to and including the Effective Date of this Agreement. In other
words, Employee will have none of the legal rights against the aforementioned
that he would otherwise have under the Age

<PAGE>

Discrimination in Employment Act of 1967, 29 U.S.C. ss.ss.621, et seq., as
amended, by his signing this Agreement.

         8.       Employee and his heirs, executors, successors, assigns,
representatives, shall hold the fact and terms of this Agreement in strict
confidence and shall not communicate, reveal, or disclose the terms of this
Agreement to any other persons except to Employee's immediate family, to legal
counsel, and to tax consultants, all of whom shall be instructed by Employee
similarly to hold the fact and terms of this Agreement in the strictest
confidence, and as required by law.

         9.       The Company hereby notifies Employee of his right to consult
with his chosen legal counsel before signing this Agreement. The Company shall
afford, and Employee acknowledges receiving, not less than twenty-one (21)
calendar days in which to consider this Agreement to insure that Employee's
execution of this Agreement is knowing and voluntary. In signing below, Employee
expressly acknowledges that he has had at least twenty-one (21) days to consider
this Agreement and that his execution of same is with full knowledge of the
consequences thereof and is of his own free will.

         10.      Employee warrants and represents that, prior to and including
the Effective Date of this Agreement, no claim, demand, cause of action, or
obligation which is subject to this Agreement has been assigned or transferred
to any other person or entity, and no other person or entity has or has had any
interest in said claims, demands, causes of action, or obligations, and that
Employee has the sole right to execute this Agreement.

         11.      Both the Company and Employee agree and recognize that, for a
period of seven (7) calendar days following Employee's execution of this
Agreement, Employee may revoke this Agreement by providing written notice
revoking the same, within this seven (7) day period, to Nancy L. Anheier, Human
Resources at the above address of the Company. Such revocation of this Agreement
by Employee will also automatically revoke the acceptance of the offer set forth
herein and Employee will not be entitled to any amounts described herein.

         12.      Should Employee revoke this Agreement within this seven-day
(7) period, Employee agrees immediately to return all monies and other benefits
cost-wise that he has received from the Company pursuant to this Agreement prior
to the date of such revocation.

         13.      This Agreement contains the entire agreement between the
parties hereto, and there are no understandings between the parties other than
those specifically and expressly set forth in this Agreement. This Agreement
shall not be amended or modified in any manner except upon written agreement by
the parties.

         14.      Employee acknowledges and agrees that his election to execute
this Agreement is entirely voluntary, and hereby acknowledges that he has not
been pressured, coerced, or otherwise unduly influenced by the Company to
execute this Agreement.

<PAGE>

         15.      This Agreement shall be governed and interpreted pursuant to
the laws of the State of Georgia.

CAUTION TO EMPLOYEE: READ BEFORE SIGNING. THIS DOCUMENT CONTAINS A RELEASE OF
ALL CLAIMS AGAINST RELEASEES PRIOR TO THE EFFECTIVE DATE OF THIS AGREEMENT.

IN WITNESS WHEREOF, Employee and the Company agree as set forth above:

DATE OF RECEIPT OF AGREEMENT            SIGNATURE OF EMPLOYEE
BY EMPLOYEE:                            ACKNOWLEDGING DATE OF RECEIPT:

     November 19, 2001                    /s/ C. Michael Bowers
--------------------------------        --------------------------------------

                                        RECEIPT WITNESSED BY:

                                          /s/ Dana Smolenski
                                        --------------------------------------

DATE OF EXECUTION BY EMPLOYEE:
(EFFECTIVE DATE OF AGREEMENT            AGREED TO AND ACCEPTED BY:
IS 8TH DAY AFTER THIS DATE)

     November 23, 2001                    /s/ C. Michael Bowers
--------------------------------        --------------------------------------

                                        NOTARY PUBLIC:
WITNESSED THIS 23 DAY OF
November, 2001.
                                          /s/ Susan M. Yuhas
                                        --------------------------------------

DATE OF EXECUTION BY COMPANY:           AGREED TO AND ACCEPTED BY
                                        NETZEE, INC.

     November 29, 2001                  BY:  /s/ Richard S. Eiswirth
-------------------------------             ----------------------------------

                                        TITLE: Senior Executive Vice President
                                               -------------------------------

                                         NOTARY PUBLIC:
WITNESSED THIS 29 DAY OF
November, 2001.
                                           /s/ Nancy L. Anheier
                                         -------------------------------------

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