Document:

<PAGE>

                                                                   EXHIBIT 10.21

                             Oki Data Americas, Inc.

                             OEM PURCHASE AGREEMENT

Transact Technologies Inc., with a location at 7 Laser Lane, Wallingford, CT
06492 (hereinafter "Customer") agrees to purchase and Oki Data Americas, Inc.,
with a location at 2000 Bishops Gate Boulevard, Mt. Laurel, New Jersey
08054-4620 (hereinafter "Oki Data") agrees to sell the Product(s), in the
quantity specified in the annexed Exhibit A (the Specified Quantity), at the
prices set forth in that Exhibit A and upon the terms and conditions set forth
herein. "Products" as used herein and throughout the Agreement pertain to
printer kits which will be further modified by Customer to create Customer's end
product for resale

1. TERM OF AGREEMENT

      The term of this Agreement shall be two (2) years commencing on June 8,
2001 (the Effective Date). Orders placed during this twenty-four (24) month
ordering period must be scheduled for delivery within thirty (30) months of the
Effective Date.

2. CUSTOMER ORDERS

      Purchases by Customer will be by individual written Customer purchase
orders made during the term of this Agreement issued to and accepted by Oki
Data. Each purchase order, subject to the conditions set forth in Paragraph 4
below, shall set forth the desired delivery schedule for each Product.

3. QUANTITY OF PRODUCT

      During the term of this Agreement, Customer anticipates purchasing a total
quantity of fifty thousand ( 50,000 ) units of Product over the term of the
Agreement.

4. PRICES

      A.    The unit price for the Specified Quantity and any quantity in excess
            thereof purchased by Customer shall be as set forth in Exhibit A.
            Prices will be firm through March 31, 2001. The parties agree to
            meet mid October of 2001 to discuss pricing which will become
            effective for purchases after March 31,

<PAGE>

            2001.

      B.    Oki Data warrants that the prices, terms and conditions offered
            under this Agreement are no less favorable than those offered to
            other OEM customers buying similar products in similar quantities.

      C.    Should Oki Data decrease the price of like products to its other OEM
            customers, any such decrease will be passed on to the Customer to
            the extent that Oki Data offers the same price reduction to its
            other customers, procuring the same volumes and who are similarly
            situated. Price decreases do not include marketing programs or price
            changes that Oki Data may offer through its other channels of
            distribution, including, but not limited to, spiffs, rebates, one
            time offers and or marketing incentives.

5.    RESCHEDULING OF DELIVERIES

      Deliveries pursuant to each purchase order shall be scheduled to commence
      no earlier than one hundred and twenty (120) days after receipt of such
      purchase order by Oki Data. With respect to any Product on any single
      purchase order, Customer may, by issuing a written amendment to that
      purchase order, and upon the following conditions, reduce the quantity of
      the Product to be delivered in accordance with the purchase order delivery
      schedule:

            (i)   There has been no prior reduction in delivery of that Product
                  on that purchase order. A new delivery schedule will be set
                  forth in the amendment for Products deleted from the original
                  delivery schedule of the purchase order.

            (ii)  A maximum reduction of seventy-five percent (75%) of the
                  quantity may be made provided the written amendment is
                  received by Oki Data more than sixty (60) days prior to the
                  scheduled delivery.

            (iii) A maximum reduction of fifty percent (50%) of the quantity may
                  be made provided the written amendment is received by Oki Data
                  more than thirty (30) days prior to the scheduled delivery.

            (iv)  Any attempted reduction exceeding the quantities set forth in
                  this Paragraph 5, and any attempted reduction made within
                  sixty (60) days prior to the scheduled delivery may, at the
                  option of Oki Data, be treated as a cancellation, effective on
                  the date of Oki Data's receipt of the amendment to the
                  purchase order, and Customer shall pay the cancellation
                  charges set forth in the Paragraph 6 below.

                                      -2-
<PAGE>

6.    CANCELLATION CHARGES

      A. In the event Customer cancels any purchase order or portion thereof,
      Customer, upon receipt of invoice shall pay Oki Data cancellation charges
      computed for Product as follows:

<TABLE>
<CAPTION>
               Cancellation Notice
               Received By Oki Data              Cancellation Charge
<S>                                              <C>
            Excess of sixty (60) days.           No charge.

            31 to 60 days prior to               Ten (10%) percent of the
            originally scheduled                 Specified Quantity price.
            delivery date.
</TABLE>

      Cancellation notices received within the thirty (30) day period prior to
      the originally scheduled delivery or attempted cancellation of a
      previously rescheduled deliveries will be void and of no force and effect,
      and Customer will be liable for the full unit price of each Product.

7.    CUSTOMER FORECASTS

      Once each month, at the end of the third week of each month, Customer will
furnish to Oki Data a written non-binding forecast of its requirements for the
Product(s) and ribbons for the ensuing one hundred eighty (180) days.

8.    PAYMENT

      A. Payment shall be made within thirty (30) days from the date of invoice.
      Interest shall accrue thereafter at the rate of one and one-half (1 1/2%)
      percent per month on the unpaid balance.

      B. Prices are exclusive of any sales, use, property, and like taxes. Any
      such tax Oki Data may be required to collect or pay upon the sale or
      delivery of the Products shall be promptly reimbursed by Customer.

                                      -3-
<PAGE>

9. PATENT INDEMNITY

      A. Oki Data shall defend or settle any suit or proceeding brought against
      Customer to the extent that such suit or proceeding is based on a claim
      that Products manufactured to Oki Data's design and purchased hereunder
      constitute an infringement of an existing United States Patent, copyright,
      or other intellectual property right provided Oki Data is notified
      promptly in writing and given complete authority, information and
      assistance required for defense of same, and Oki Data shall pay all
      damages and costs awarded as a result thereof against Customer. Oki Data,
      however, shall not be responsible for any cost, expense, or compromise
      incurred or made by Customer without Oki Data's prior written consent.

      B. In the event any Product furnished hereunder is, in Oki Data's opinion,
      likely to or does become the subject of a claim of infringement of a
      patent, Oki Data may, at its option and expense, procure for Customer the
      right to continue using the Product, replace same with a non-infringing
      Product of similar capability, or modify the Product so it becomes
      non-infringing. If, in Oki Data's opinion, none of the foregoing
      alternatives is reasonably available to Oki Data, Oki Data may terminate
      this Agreement forthwith by written notice to Customer and, upon return or
      disposal of the Product in accordance with the written instructions of Oki
      Data, refund the price paid by Customer, less straight line depreciation
      on the basis of a five (5) year life of the Product.

      C. Oki Data shall have no responsibility or liability for any claim of
      infringement (i) arising out of the use of its Products in combination
      with non-Oki Data products, or (ii) if such infringement arises out of
      Product manufactured to Customer's design, or (iii) if such infringement
      arises as a result of a customer modification to the Product.

      D. The foregoing states the entire liability of Oki Data with respect to
      infringement of any patent by the Products of Oki Data or any parts
      thereof and, anything herein to the contrary notwithstanding, Oki Data's
      liability to Customer hereunder shall in no event exceed the total price
      plus taxes and other associated charges paid to Oki Data by Customer for
      each infringing Product purchased pursuant to this Agreement.

10. TERMINATION

                                      -4-
<PAGE>

      This Agreement may be terminated or canceled as follows:

      A. By either party at any time if the other party violates any provision
      of this Agreement. The defaulting party shall have a period of thirty (30)
      days from the date of receipt of written notice from the non-defaulting
      party describing the fact and nature of the default within which to remedy
      the default. Should Customer be the defaulting party, Oki Data, during the
      aforesaid thirty (30) day period, shall be relieved of any obligations
      imposed on it by this Agreement until the default is cured. The
      termination shall become effective at the end of the thirty (30) day
      period if the defaulting party has failed to remedy the default.

      B. If either party (i) admits in writing its inability to pay its debts
      generally as they become due, or (ii) makes an assignment for the benefit
      of its creditors, or (iii) institutes or consents to the filing of a
      petition in bankruptcy, whether for reorganization or liquidation, under
      federal or similar applicable state laws, or (iv) is adjudged bankrupt or
      insolvent by a court having jurisdiction, then in either of such events,
      the other party may, by written notice, immediately terminate this
      Agreement.

      C. Customer's obligation to pay for all Products received by it hereunder
      shall survive termination of this Agreement. Moreover, should termination
      be effected by Oki Data for any of the reasons set forth in this
      Paragraph10, Customer shall be liable for the undelivered quantity of
      Products to the same extent as if Customer had canceled deliveries
      pursuant to Paragraphs 5 or 6 above, at Oki Data's option.

11. SHIPPING AND RISK OF LOSS

      All prices are F.O.B. Oki Data's facilities, Mt. Laurel New Jersey. Oki
Data will package the Products in accordance with accepted standard commercial
practices for normal shipment considering the type of Product involved and the
normal risks encountered in shipments. Customer shall designate the method of
shipment on each individual purchase order issued against this Agreement. Oki
Data shall arrange for shipment by the designated method. All transportation
charges are freight collect.

12. LIMITATION OF LIABILITY

      In no event will Oki Data be liable for loss of profits or incidental,
special, or consequential damages arising out of any breach of obligations under
this Agreement, nor will Oki Data be liable for any damages caused by delay in
delivery of the Products

                                      -5-
<PAGE>

being purchased hereunder.

13. VALUE ADDED

      Customer warrants and represents that the Products purchased hereunder are
for use and resale by Customer as part of, or as accessories to, equipment
manufactured or assembled by Customer, or are modified by Customer so as to
change the Products normal functionality from that Product as sold to Customer
by Oki Data.

14. EXPORT RESTRICTIONS

      Customer warrants that it shall not at any time make or permit any export
or reexport of Oki Data Products directly or indirectly to any country, without
full compliance with United States export laws and regulations as issued by the
United States Department of Commerce, Office of Export Administration, as
amended from time to time, as those laws and regulations apply to Oki Data
Products, and all other things delivered to, or derived from things delivered
to, Customer under the OEM Purchase Agreement. Customer's failure to comply with
the requirements of this paragraph constitutes an event of default giving Oki
Data the right to terminate the OEM Purchase Agreement immediately.

15. CONFIDENTIALITY AND PROPRIETARY RIGHTS

      Each party (including its agents and employees) warrants that it shall not
disclose to any third party, or use or reproduce for any purpose whatsoever the
Intellectual Property of the other party, and shall treat as proprietary the
other parties , trade secrets, technical data, methods, processes or procedures
or any other confidential, financial, or business information or data obtained
from the other party which the receiving party has access to or becomes aware of
during the course of its performance of the OEM Purchase Agreement, without the
prior written consent of the disclosing party.

      Nothing herein shall limit Customer's use or dissemination of information
not derived from Oki Data, or any information that was, or subsequently has
been, made public by Oki Data. This obligation shall survive the cancellation or
other termination of the OEM Purchase Agreement.

16. WARRANTY

      All Products purchased under this Agreement are sold without warranty.
Receiving

                                      -6-
<PAGE>

inspection quality issues will be addressed between the parties.

17. SPARE PARTS

       A.     Spare parts, and the prices therefor, for Products purchased
              hereunder shall be listed in Oki Data's Suggested End-User Price
              List issued from time to time by Oki Data. Suitable spare parts
              will be available for a period of seven (7) years from the date of
              last delivery under this Agreement and may be purchased by the
              issuance of a Customer purchase order acceptable to Oki Data. If
              Customer requires spare parts after they are no longer available
              from Oki Data, Oki Data will provide available drawings or
              purchase specifications to assist Customer in obtaining the
              products from other sources. The documentation to be supplied will
              be that documentation as is in existence at that time.

       B.     The minimum spare parts order is fifty dollars ($50.00).

       C.     Spare parts for the Products and their prices will be listed in
              the Recommended end user Spare Parts List (RSPL) which will be
              issued from time to time by Oki Data. Effective October 1, 2001,
              spare parts pricing will go from fifty (50%) percent off list
              price to forty (40%) percent off list price with exception of the
              following spare parts for which the discount will remain at fifty
              (50%) percent off list price; part number 55080201, main control
              board, M90 serial; and part number 40140601, M150 Serial I/F
              board; and, part number 40297801, M150 Parallel I/F board.

       D.     Ribbons and manuals have special pre-discounted prices and are
              therefor not subject to the above discount. Purple ribbon part
              number 52108701 is $* each, and the black ribbon part number
              52109401 is $* each.

       E.     The aforementioned pricing, as contained in this paragraph 17 will
              remain in effect until March 31, 2002.

18. GENERAL PROVISIONS

      A. All notices required to be given hereunder will be sent by registered
      or certified mail, return receipt requested, postage prepaid or by prepaid
      overnight courier, forwarded to the appropriate party at the address shown
      below, or at such other addresses as that party may, from time to time,
      advise in writing, and which have been received in the ordinary course of
      post.

* Confidential treatment requested

                                      -7-
<PAGE>

      B. Neither party shall have the right to assign its rights or obligations
      under this Agreement except with the written consent of the other party,
      provided, however, that a successor in interest by merger, by operation of
      law, or by assignment, purchase of otherwise of the entire business of
      either party, shall acquire all interest of such party hereunder. Any
      prohibited assignment shall be null and void.

      C. The failure of either party to enforce at any time the terms,
      conditions, requirements, or any other provisions of this Agreement shall
      not be construed as a waiver by such party of any succeeding
      non-performance of the same term, condition, requirement or any other
      provision of this Agreement.

      D. The headings of paragraphs contained herein are for convenience and
      reference only and are not a part of this Agreement, nor shall they in any
      way affect the interpretation thereof.

      E. The parties agree that if any portion of this Agreement shall be held
      illegal and/or unenforceable, the remaining portions of this Agreement
      shall continue to be binding and enforceable provided that the effectivity
      of the remaining portion of this Agreement would not defeat the overall
      business intent of the parties, or give one party any substantial
      financial benefit to the detriment of the other party.

      F. This Agreement and its appendices shall be governed by the laws of the
      party against whom a claim is being made in any dispute, or if such claim
      is made in litigation, by the laws of the state of the defendant.

      G. This Agreement constitutes the entire Agreement between the parties and
      supersedes all prior discussion either oral or in writing.

      H. The terms and conditions of this Agreement will prevail notwithstanding
      any variance with the terms and conditions of any order or release
      submitted by Customer, or any release acknowledgment returned by Oki Data.
      Except as expressly set forth in this Agreement, this Agreement shall not
      be deemed, or construed to be, modified, amended, rescinded, or canceled
      in whole or in part, except by written amendment executed by the parties
      hereto.

      I. EXHIBIT A, PRICES attached hereto, are hereby incorporated herein by
      this reference.

                                      -8-
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have set their names on the dates
hereinafter set forth.

Transact Technologies, Inc.             Oki Data Americas, Inc.

/s/ Bart C. Shuldman                       /s/ David L. Vaughn
----------------------------------      ----------------------------------------
Signature                               Signature

Bart C. Shuldman                        David L. Vaughn
----------------------------------      ----------------------------------------
Name                                    Name

Chairman and CEO                        Sr. Manager, Legal Affairs
----------------------------------      ----------------------------------------
Title                                   Title

June 21, 2001                           June 26, 2001
----------------------------------      ----------------------------------------
Date                                    Date

                                      -9-
<PAGE>

                                    EXHIBIT A

                                     PRICES

<TABLE>
<CAPTION>
OKIDATA KIT           PART NUMBER           MINIMUM ORDER           NEW PRICING
<S>                   <C>                   <C>                     <C>
    M90                58238101                  500                    $*

   M150P               40248402                  500                    $*

   M150S               40248401                  500                    $*

   M172P               58221401                  500                    $*

   M172S               58221501                  500                    $*

 ML172IGT              40248403                  500                    $*
</TABLE>

The pricing table above is effective for orders for delivery after December 8,
2001 through March 31, 2002.

* Confidential treatment requested.

                                      -10-<PAGE>

                                                                   EXHIBIT 10.25

                                 AMENDMENT NO. 2

                                       TO

                           LOAN AND SECURITY AGREEMENT

            THIS AMENDMENT NO. 2 ("Amendment") is entered into as of December
21, 2001, by and among TransAct Technologies Incorporated, a Delaware
corporation having its principal place of business at 7 Laser Lane, Wallingford,
Connecticut 06492 ("Borrower"), LaSalle Business Credit, Inc. having its
principal place of business at 135 South LaSalle Street, Chicago, Illinois 60603
with an office located at 565 Fifth Avenue, New York, New York 10017
("LaSalle"), the undersigned financial institutions (each individually a
"Lender" and, collectively, "Lenders") and LaSalle as agent for the Lenders
(LaSalle, in such capacity, "Agent").

                                   BACKGROUND

            Pursuant to a Loan and Security Agreement dated as of May 25, 2001,
(as the same has been and may further be amended, restated, supplemented or
otherwise modified from time to time, the "Loan Agreement") by and among
Borrower, Agent and Lenders, Agent and Lenders provide Borrower with certain
financial accommodations.

            Borrower has requested that, among other things, Agent and Lenders
(i) amend certain financial covenants contained in the Loan Agreement and (ii)
amend certain other provisions of the Loan Agreement and Agent and Lenders are
willing to do so on the terms and conditions hereafter set forth.

            NOW, THEREFORE, in consideration of any loan or advance or grant of
credit heretofore or hereafter made to or for the account of Borrower by Agent
and Lenders, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

            1. Definitions. All capitalized terms not otherwise defined herein
shall have the meanings given to them in the Loan Agreement.

            2. Amendment to Loan Agreement. Subject to satisfaction of the
conditions precedent set forth in Section 4 below, the Loan Agreement is hereby
amended as follows:

            (a) Paragraph 1(a) is hereby amended as follows:

                  (i) the following defined term is hereby added in its
appropriate alphabetical order:

                  "Amendment No. 2" shall mean Amendment No. 2 to this Agreement
dated as of December 21, 2001.

                  "Amendment No. 2 Effective Date" shall mean the date on which
all of the conditions precedent contained in Section 4 of Amendment No. 2 shall
have been satisfied.

<PAGE>

                  "Miscellaneous Charges" shall mean the sum of (a) the
aggregate amount of restructuring charges incurred by Borrower in connection
with the closing of Borrower's plant in Wallingford, Connecticut during the
Fiscal Year ending December 31, 2001, plus (b) the aggregate amount of charges
incurred by Borrower in connection with the discontinuance of the product line
consisting of model 181 front exit thermal printers during the Fiscal Year
ending December 31, 2001.

                  (ii) the following defined term is hereby amended in its
entirety to provide as follows:

                  "EBITDA" shall mean, with respect to any applicable fiscal
period, the following for Borrower on a consolidated basis, each calculated for
such period: net income before taxes for such period (excluding pre-tax gains or
losses on the sale of assets (other than the sales of Inventory in the ordinary
course of business) and excluding other pre-tax extraordinary gains), plus
interest expense, depreciation, amortization and other non-cash charges deducted
in determining net income for such period, plus the Miscellaneous Charges, minus
interest income calculated in determining net income for such period.

                  (iii) the defined term "Wallingford Restructuring Charges" is
hereby deleted in its entirety.

            (b) Paragraph 15(p) is hereby amended in its entirety to provide as
follows:

            "(p) Borrower on a consolidated basis shall maintain and keep in
full force and effect each of the financial covenants set forth below. The
calculation and determination of each such financial covenant, and all
accounting terms contained therein, shall be so calculated and construed in
accordance with GAAP, applied on a basis consistent with the financial
statements of Borrower delivered on or before the Closing Date:

            (i) Tangible Net Worth. Borrower on a consolidated basis shall
maintain as of the end of each month a Tangible Net Worth of not less than the
amount set forth below shown opposite such month:

<TABLE>
<CAPTION>
          MONTH ENDED                               TANGIBLE NET WORTH
<S>                                     <C>
       December 31, 2001                               $8,900,000

        March 31, 2002                  The difference of (A) the Tangible Net
                                        Worth as of the Fiscal Year ending
                                        December 31, 2001 as calculated based on
                                        the 2001 Annual Financial Statements
                                        minus (B) $750,000 (the difference of
                                        (A) and (B), the "Base Amount")

April 30, 2002 and each month           The sum of (A) the Base Amount plus (B)
thereafter (each such month,            an aggregate amount equal to eighty five
the "current month")                    percent (85%) of the cumulative net
                                        income after taxes of Borrower on a
                                        consolidated basis for the period
                                        commencing on April 1, 2002 through and
                                        including the last day of the current
                                        month, provided, however, that such
                                        cumulative amount shall not be reduced
                                        by the amount of any net loss before
                                        taxes of Borrower on a consolidated
                                        basis for any preceding month.
</TABLE>

                                       -2-
<PAGE>

            (ii) Fixed Charge Coverage Ratio. Borrower on a consolidated basis
shall maintain as of the end of each month a Fixed Charge Coverage Ratio of not
less than the ratio set forth below shown opposite such month with respect to
the twelve (12) months then ended, provided that the applicable period being
tested on the month ending (i) June 30, 2002 shall be for the six month period
then ended, (ii) July 31, 2002 shall be for the seven month period then ended,
(iii) August 31, 2002 shall be for the eight month period then ended, (iv)
September 30, 2002 shall be for the nine month period then ended, (v) October
31, 2002 shall be for the ten month period then ended and (vi) November 30, 2002
shall be for the eleven month period then ended:

<TABLE>
<CAPTION>
               MONTH ENDED                     FIXED CHARGE COVERAGE RATIO
<S>                                            <C>
              June 30, 2002                            1.0 to 1.0

              July 31, 2002                            1.25 to 1.0

             August 31, 2002                           1.25 to 1.0

         September 30, 2002 and                        1.5 to 1.0
          each month thereafter
</TABLE>

            (iii) Capital Expenditures. Borrower on a consolidated basis shall
not make Capital Expenditures of an aggregate amount of more than (x) two
million two hundred thousand dollars ($2,200,000) during the Fiscal Year ending
December 31, 2001 and (y) two million five hundred thousand dollars ($2,500,000)
during any Fiscal Year thereafter.

            (iv) Minimum Consolidated EBITDA. Borrower on a consolidated basis
shall maintain EBITDA of not less than the amounts set forth below shown
opposite such month with respect to the twelve (12) months then ended, provided
that the applicable period being tested on the month ending (i) January 31, 2002
shall be for the one month period then ended, (ii) February 28, 2002 shall be
for the two month period then ended, (iii) March 31, 2002 shall be for the three
month period then ended, (iv) April 30, 2002 shall be for the four month period
then ended, (v) May 31, 2002 shall be for the five month period then ended, (vi)
June 30, 2002 shall be for the six month period then ended, (vii) July 31, 2002
shall be for the seven month period then ended, (viii) August 31, 2002 shall be
for the eight month period then ended, (ix) September 30, 2002 shall be for the
nine month period then ended, (x) October 31, 2002 shall be for the ten month
period then ended and (xi) November 30, 2002 shall be for the eleven month
period then ended:

<TABLE>
<CAPTION>
               MONTH ENDED                     MINIMUM CONSOLIDATED EBITDA
<S>                                            <C>
            January 31, 2002                           ($500,000)

            February 28, 2002                          ($315,000)

             March 31, 2002                             ($50,000)

             April 30, 2002                             $125,000

              May 31, 2002                              $300,000

              June 30, 2002                             $715,000

              July 31, 2002                            $1,175,000

             August 31, 2002                           $1,375,000

           September 30, 2002                          $1,765,000

            October 31, 2002                           $1,850,000

            November 30, 2002                          $2,000,000

            December 31, 2002                          $2,175,000"
        and each month thereafter
</TABLE>

                                       -3-
<PAGE>

            3. Amendment Fee. On the Amendment No. 2 Effective Date, Borrower
shall pay Agent for the benefit of Lenders an amendment fee of $5,000 (the
"Amendment Fee"). The Amendment Fee shall be deemed fully earned on the
Amendment No. 2 Effective Date and shall not be subject to reduction, rebate or
proration whatsoever. Borrower hereby authorizes Agent to automatically charge
Borrower's loan account with Agent for the Amendment Fee on the Amendment No. 2
Effective Date.

            4. Conditions of Effectiveness. This Amendment shall become
effective as of the date hereof when and only when Agent shall have received in
form and substance satisfactory to Agent and its counsel (i) four (4) copies of
this Amendment executed by Borrower and consented and agreed to by TransAct.com,
TransAct UK and TransAct Barbados as Guarantors and (ii) such other
certificates, instruments, documents, agreements and opinions of counsel as may
be required by Agent or its counsel, each of which shall be in form and
substance satisfactory to Agent and its counsel.

            5. Representations and Warranties. Borrower hereby represents and
warrants as follows:

            (a) This Amendment and the Loan Agreement, as amended hereby,
constitute legal, valid and binding obligations of Borrower and are enforceable
against Borrower in accordance with their respective terms.

            (b) Upon the effectiveness of this Amendment, Borrower hereby
reaffirms all covenants, representations and warranties made in the Loan
Agreement to the extent the same are not amended hereby and agree that all such
covenants, representations and warranties shall be deemed to have been remade as
of the effective date of this Amendment.

            (c) After giving effect to this Amendment, no Event of Default or
Default has occurred and is continuing or would exist.

            (d) Borrower has no defense, counterclaim or offset with respect to
the Loan Agreement.

            (e) The chief executive office of Borrower is 7 Laser Lane,
Wallingford, Connecticut 06492.

                                      -4-
<PAGE>

            6. Effect on the Loan Agreement.

            (a) Upon the effectiveness of Section 2 hereof, each reference in
the Loan Agreement to "this Agreement," "hereunder," "hereof," "herein" or words
of like import shall mean and be a reference to the Loan Agreement as amended
hereby.

            (b) Except as specifically amended herein, the Loan Agreement, and
all other documents, instruments and agreements executed and/or delivered in
connection therewith, shall remain in full force and effect, and are hereby
ratified and confirmed.

            (c) The execution, delivery and effectiveness of this Amendment
shall not operate as a waiver of any right, power or remedy of Agent or Lenders,
nor constitute a waiver of any provision of the Loan Agreement, or any other
documents, instruments or agreements executed and/or delivered under or in
connection therewith.

            7. Governing Law. This Amendment shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns
and shall be governed by and construed in accordance with the laws of the State
of New York.

            8. Headings. Section headings in this Amendment are included herein
for convenience of reference only and shall not constitute a part of this
Amendment for any other purpose.

            9. Counterparts; Facsimile. This Amendment may be executed by the
parties hereto in one or more counterparts, each of which shall be deemed an
original and all of which taken together shall be deemed to constitute one and
the same agreement. Any signature delivered by a party hereto by facsimile shall
be deemed to be an original signature hereto.

                           [Signature Page to Follow]

                                      -5-
<PAGE>

            IN WITNESS WHEREOF, this Amendment has been duly executed as of the
day and year first written above.

                                        TRANSACT TECHNOLOGIES INCORPORATED,
                                        as Borrower

                                        By: /s/ Richard L. Cote
                                            ------------------------------------
                                            Name:  Richard L. Cote
                                            Title: Executive Vice President and
                                                   CFO

                                        LASALLE BUSINESS CREDIT, INC., as Agent
                                        and Lender

                                        By: /s/ Daniel Maresca
                                            ------------------------------------
                                            Name:  Daniel Maresca
                                            Title: First Vice President

CONSENTED AND AGREED TO:

TRANSACT.COM, INC., as Guarantor

By: /s/ Bart C. Shuldman
    ------------------------------------
    Name:  Bart C. Shuldman
    Title: President

TRANSACT TECHNOLOGIES LIMITED, as Guarantor

By: /s/ Bart C. Shuldman
    ------------------------------------
    Name:  Bart C. Shuldman
    Title: Director

TRANSACT TECHNOLOGIES INTERNATIONAL LTD., as Guarantor

By: /s/ Richard L. Cote
    ------------------------------------
    Name:  Richard L. Cote
    Title: President

                                      -6-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}]]