Document:

OptiMark Holdings, Inc. 10Q - Exhibit 4.1

EXHIBIT 4.1

AMENDMENT TO THE SERIES E PREFERRED STOCK PURCHASE AGREEMENT

              
      This Amendment to the Series E Preferred Stock Purchase Agreement (the
"Amendment") is entered into as of August 16, 2001, by and among OptiMark
Holdings, Inc., a Delaware corporation (the "Company"), and each of the
entities, severally and not jointly, whose names are set forth on the signature
pages hereto.

              
      WHEREAS, the Company and each of the entities
(which entities are hereinafter
collectively referred to as "Initial Purchasers"), severally and not jointly,
whose names are set forth on the Schedule of Initial Purchasers attached as
Annex A to this Amendment have entered into a Series E Preferred Stock Purchase
Agreement, dated as of June 29, 2001 (the "Purchase Agreement"). Defined terms
used herein but not defined herein shall have the meanings ascribed to them in
the Purchase Agreement; and

              
      WHEREAS, the Company has requested that the Initial Purchasers agree to amend
the Purchase Agreement and the Initial Purchasers, being the holders of at least
a majority of the Shares as of the date hereof, have agreed to accommodate such
request.

              
      NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties, intending to be legally bound,
hereby agree as follows:

              
      1.     Amendment of
Section 5.4.  Section 5.4 of the Purchase Agreement is hereby amended by adding
after the last sentence of Section 5.4 the following:

	 	In
the event SOFTBANK exercises its right to have the Compensation Committee
Requirement satisfied pursuant to the immediately preceding sentence and
SOFTBANK fails to give the Company notice of such exercise no later than seven
days prior to any Closing Date, SOFTBANK shall waive the Company’s
obligations pursuant to Section 6.2(k) with respect to such Closing Date.

              
      2.     Amendment of Exhibit
A.  Exhibit A of the Purchase Agreement is hereby deleted and
replaced in its entirety by the following:

Exhibit A

	Closing Date	Purchaser	Purchase Price	 	Preferred
Shares
Issued

	June 29, 2001	Softbank Capital Partners LP	$3,024,879   	 	201,658   
	 	Softbank Capital LP	$2,972,910   	 	198,194   
	 	Softbank Capital Advisors Fund LP	$52,211   	 	3,480   
	 	 	
	 	

	 	 	$6,050,000*  	 	403,332   

            
*On the First Closing Date, $4,069,064.41 will be paid by SOFTBANK pursuant to
the cancellation of six promissory notes issued by the Company to SOFTBANK.
$4,000,000 of such amount is the aggregate principal amount of the notes and the
balance is interest due as of such date. In addition, SOFTBANK will
withhold $154,140.05 from the $6,050,000 due at the First Closing for payment of fees of its counsel.

	July 13, 2001	Softbank Capital Partners LP	$549,978   	 	36,665   
		Softbank Capital LP	$540,529   	 	36,035   
	 	Softbank Capital Advisors Fund LP	$9,493   	 	633   
	 	 	
	 	

	 	 	$1,100,000   	 	73,333   
	
	
	
	
	

	August 13, 2001	Softbank Capital Partners LP	$651,759.65   	 	43,451   
	 	Softbank Capital LP	$640,561.96   	 	42,704   
	 	Softbank Capital Advisors Fund LP	$11,249.82   	 	750   
	 	Big Island LLC	$21,428.57   	 	1,428   
	 	 	
	 	

	 	 	$1,325,000   	 	88,333   
	
	
	
	
	

	September 14, 2001	Softbank Capital Partners LP	$680,758.49   	 	45,384   
	 	Softbank Capital LP	$669,062.58   	 	44,604   
	 	Softbank Capital Advisors Fund LP	$11,750.36   	 	784   
	 	Big Island LLC	$21,428.57   	 	1,428   
	 	 	
	 	

	 	 	$1,383,000   	 	92,200   
	
	
	
	
	

	October 11, 2001	Softbank Capital Partners LP	$614,261.15   	 	40,951   
	 	Softbank Capital LP	$603,707.71   	 	40,247   
	 	Softbank Capital Advisors Fund LP	$10,602.57   	 	707   
	 	Big Island LLC	$21,428.57   	 	1,428   
	 	 	
	 	

	 	 	$1,250,000   	 	83,333   
	
	
	
	
	

	November 13, 2001	Softbank Capital Partners LP	$539,264.15   	 	35,951   
	 	Softbank Capital LP	$529,999.21   	 	35,333   
	 	Softbank Capital Advisors Fund LP	$9,308.07   	 	621   
	 	Big Island LLC	$21,428.57   	 	1,428   
	 	 	
	 	

	 	 	$1,100,000   	 	73,333   
	
	
	
	
	

	December 13, 2001	Softbank Capital Partners LP	$539,264.15   	 	35,951   
	 	Softbank Capital LP	$529,999.21   	 	35,333   
	 	Softbank Capital Advisors Fund LP	$9,308.07   	 	621   
	 	Big Island LLC	$21,428.57   	 	1,428   
	 	 	
	 	

	 	 	$1,100,000   	 	73,333   
	
	
	
	
	

	January 14, 2002	Softbank Capital Partners LP	$539,264.15   	 	35,951   
	 	Softbank Capital LP	$529,999.21   	 	35,333   
	 	Softbank Capital Advisors Fund LP	$9,308.07   	 	621   
	 	Big Island LLC	$21,428.57   	 	1,428   
	 	 	
	 	

	 	 	$1,100,000   	 	73,333   
	
	
	
	
	

	February 13, 2002	Softbank Capital Partners LP	$285,274.31   	 	19,018   
	 	Softbank Capital LP	$280,373.09   	 	18,693   
	 	Softbank Capital Advisors Fund LP	$4,924.03   	 	327   
	 	Big Island LLC	$21,428.57   	 	1,432   
	 	 	
	 	

	 	 	$592,000   	 	39,470   
	 	 	
	 	

	
	
	
	
	

	 	 	
	 	

	Total After All Closings	 	$15,000,000   	 	1,000,000   

2

              
      3.     Amendment of Exhibit
E-2.  Exhibit E-2 of the Purchase Agreement is hereby deleted and
replaced in its entirety by the following:

Exhibit E-2

Employees
Subject to the Non-Competition
Agreement on
or Before July 13, 2001

Gary Meshell

Trevor Price

Employees
Subject to the Non-Competition
Agreement on
or Before August 13, 2001

Robert Warshaw

              
      4.     No Other Amendments; Purchase Agreement
Remains in Effect.  Except as expressly amended by this Amendment,
the Purchase Agreement shall remain in full force and effect in the form in
which it existed immediately prior to the execution and delivery of this
Amendment.

              
      5.     Fees and Expenses.  Each party
shall bear its own fees and expenses incurred in connection with the
negotiation, preparation, execution and delivery of this Amendment.

              
      6.     Modification and Waiver.  No
amendment or modification of the terms or provisions of this Amendment shall be
binding unless the same shall be in writing and duly executed by the parties
hereto. No waiver of any of the provisions of this Amendment shall be deemed to
or shall constitute a waiver of any other provisions hereof. No delay on the
part of any party in exercising any right, power or privilege hereunder shall
operate as a waiver thereof.

              
      7.     No Implied Rights. Nothing herein,
express or implied, is intended to or shall be construed to confer upon or give
to any person, firm, corporation or legal entity, other than the parties hereto
and their affiliates, any interest, rights, remedies or other benefits with
respect to or in connection with any agreement or provision contained herein or
contemplated hereby.

              
      8.     Entire Agreement.  This
Amendment and the Purchase Agreement set forth the entire understanding of the
parties with respect to the subject matter hereof and thereof. Any previous
understandings between the parties regarding the subject matter hereof and
thereof are merged into and superseded by this Amendment and the Purchase
Agreement.

              
      9.     Counterparts.  This Amendment
may be executed in one or more counterparts, each of which shall be deemed to be
an original, but all of which shall constitute one and the same instrument.

              
      10.     Governing Law.  This Amendment
shall be governed by and construed in accordance with the laws of the State of
New York.

3

              
      IN WITNESS WHEREOF, the parties hereto have executed this Amendment to the Purchase
Agreement as of the date set forth in the first paragraph hereof.

	 	OPTIMARK HOLDINGS, INC.

	 	By:	/s/ Robert J Warshaw	
	 	 	
	
	 	 	Name: Robert J Warshaw

Title: CEO	

	 	SOFTBANK CAPITAL PARTNERS LP

	 	By:	SOFTBANK Capital Partners LLC
Its General Partner	

	 	By:	/s/ Steven J. Murray	
	 	 	
	
	 	 	Name: Steven J. Murray

Title: Admin. Member	

	 	Address:
1188 Centre Street

Newton Center, Massachusetts  02459

Attention:  Ron Fisher

Facsimile No.:  (617) 928-9301

4

	 	SOFTBANK CAPITAL LP

	 	By:	SOFTBANK Capital Partners LLC
Its General Partner	

	 	By:	/s/ Steven J. Murray	
	 	 	
	
	 	 	Name: Steven J. Murray

Title: Admin. Member	

	 	Address:
1188 Centre Street

Newton Center, Massachusetts  02459

Attention:  Ron Fisher

Facsimile No.:  (617) 928-9301

	 	SOFTBANK CAPITAL ADVISORS FUND LP

	 	By:	SOFTBANK Capital Partners LLC
Its General Partner	

	 	By:	/s/ Steven J. Murray	
	 	 	
	
	 	 	Name: Steven J. Murray

Title: Admin. Member	

	 	Address:
1188 Centre Street

Newton Center, Massachusetts  02459

Attention:  Ron Fisher

Facsimile No.:  (617) 928-9301

Acknowledged and Agreed

BIG ISLAND LLC

	By:		
	
	
	

	By:	/s/ David R. Duncan	
	 	
	
	 	Name: David R. Duncan

Title: Manager	

	Address:
1777 South Harrison Street

Penthouse One

Denver, Colorado  80210

Attention:  David R. Duncan

Facsimile No.:  (303) 757-0252	 

5

Annex A

Schedule of Initial Purchasers

Softbank Capital Partners LP

Softbank Capital LP

Softbank Capital Advisors Fund LPEXHIBIT 4.2

AMENDMENT TO THE REGISTRATION RIGHTS AGREEMENT

              
      This Amendment to the
Registration Rights Agreement (the “Amendment”) is entered into
as of August 16, 2001, by and among OptiMark Holdings, Inc., a Delaware
corporation (the “Company”), and each of the entities whose
names are set forth on the signature pages hereto. 

              
      WHEREAS,
the Company and the holders (which holders are hereinafter collectively referred
to as “Initial Holders”) of the Company’s Series E
Cumulative Preferred Stock, par value $0.01 per share (the “Series E
Shares”), whose names are set forth on the Schedule of Initial Holders
attached as Annex A to this Amendment have entered into a Registration
Rights Agreement, dated as of June 29, 2001 (the “Registration
Rights Agreement”). Defined terms used herein but not defined herein
shall have the meanings ascribed to them in the Registration Rights Agreement;
and 

              
      WHEREAS, the Company has
requested that the Initial Holders agree to amend the Registration Rights
Agreement and the Initial Holders, being the Holders of more than 50 percent of
the Registrable Securities outstanding as of the date hereof, have agreed to
accommodate such request.

              
      NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties, intending to be legally bound,
hereby agree as follows:

              
      1.     Amendment of Schedule
I.  Schedule I of the Registration Rights Agreement is hereby
deleted and replaced in its entirety by the following:

Schedule I

	Closing Date	Purchaser	Purchase Price	 	Preferred
Shares
Issued

	June 29, 2001	Softbank Capital Partners LP	$3,024,879   	 	201,658   
	 	Softbank Capital LP	$2,972,910   	 	198,194   
	 	Softbank Capital Advisors Fund LP	$52,211   	 	3,480   
	 	 	
	 	

	 	 	$6,050,000   	 	403,332   
	July 13, 2001	Softbank Capital Partners LP	$549,978   	 	36,665   
		Softbank Capital LP	$540,529   	 	36,035   
	 	Softbank Capital Advisors Fund LP	$9,493   	 	633   
	 	 	
	 	

	 	 	$1,100,000   	 	73,333   
	
	
	
	
	

	August 13, 2001	Softbank Capital Partners LP	$651,759.65   	 	43,451   
	 	Softbank Capital LP	$640,561.96   	 	42,704   
	 	Softbank Capital Advisors Fund LP	$11,249.82   	 	750   
	 	Big Island LLC	$21,428.57   	 	1,428   
	 	 	
	 	

	 	 	$1,325,000   	 	88,333   
	
	
	
	
	

	September 14, 2001	Softbank Capital Partners LP	$680,758.49   	 	45,384   
	 	Softbank Capital LP	$669,062.58   	 	44,604   

	 	Softbank Capital Advisors Fund LP	$11,750.36   	 	784   
	 	Big Island LLC	$21,428.57   	 	1,428   
	 	 	
	 	

	 	 	$1,383,000   	 	92,200   
	
	
	
	
	

	October 11, 2001	Softbank Capital Partners LP	$614,261.15   	 	40,951   
	 	Softbank Capital LP	$603,707.71   	 	40,247   
	 	Softbank Capital Advisors Fund LP	$10,602.57   	 	707   
	 	Big Island LLC	$21,428.57   	 	1,428   
	 	 	
	 	

	 	 	$1,250,000   	 	83,333   
	
	
	
	
	

	November 13, 2001	Softbank Capital Partners LP	$539,264.15   	 	35,951   
	 	Softbank Capital LP	$529,999.21   	 	35,333   
	 	Softbank Capital Advisors Fund LP	$9,308.07   	 	621   
	 	Big Island LLC	$21,428.57   	 	1,428   
	 	 	
	 	

	 	 	$1,100,000   	 	73,333   
	
	
	
	
	

	December 13, 2001	Softbank Capital Partners LP	$539,264.15   	 	35,951   
	 	Softbank Capital LP	$529,999.21   	 	35,333   
	 	Softbank Capital Advisors Fund LP	$9,308.07   	 	621   
	 	Big Island LLC	$21,428.57   	 	1,428   
	 	 	
	 	

	 	 	$1,100,000   	 	73,333   
	
	
	
	
	

	January 14, 2002	Softbank Capital Partners LP	$539,264.15   	 	35,951   
	 	Softbank Capital LP	$529,999.21   	 	35,333   
	 	Softbank Capital Advisors Fund LP	$9,308.07   	 	621   
	 	Big Island LLC	$21,428.57   	 	1,428   
	 	 	
	 	

	 	 	$1,100,000   	 	73,333   
	
	
	
	
	

	February 13, 2002	Softbank Capital Partners LP	$285,274.31   	 	19,018   
	 	Softbank Capital LP	$280,373.09   	 	18,693   
	 	Softbank Capital Advisors Fund LP	$4,924.03   	 	327   
	 	Big Island LLC	$21,428.57   	 	1,432   
	 	 	
	 	

	 	 	$592,000   	 	39,470   
	 	 	
	 	

	
	
	
	
	

	 	 	
	 	

	Total After All Closings	 	$15,000,000   	 	1,000,000   

              
      2.     No Other Amendments;
Registration Rights Agreement Remains in Effect.  Except as expressly amended
by this Amendment, the Registration Rights Agreement shall remain in full force
and effect in the form in which it existed immediately prior to the execution
and delivery of this Amendment. 

              
      3.     Fees and Expenses.  Each party shall
bear its own fees and expenses incurred in connection with the
negotiation, preparation, execution and delivery of this Amendment.

              
      4.     Modification and
Waiver.  No amendment or modification of the terms or provisions of this
Amendment shall be binding unless the same shall be in writing and duly executed
by the parties hereto. No waiver of any of the provisions of this Amendment
shall be deemed to or shall constitute a waiver of any other provisions hereof.
No delay on the part of any party in exercising any right, power or privilege
hereunder shall operate as a waiver thereof.

2

              
      5.     No
Implied Rights.  Nothing herein, express or implied, is intended to or shall
be construed to confer upon or give to any person, firm, corporation or legal
entity, other than the parties hereto and their affiliates, any interest,
rights, remedies or other benefits with respect to or in connection with any
agreement or provision contained herein or contemplated hereby. 

              
      6.     Entire Agreement.  
This Amendment and the Registration Rights Agreement set forth the entire
understanding of the parties with respect to the subject matter hereof and
thereof. Any previous understandings between the parties regarding the subject
matter hereof and thereof are merged into and superseded by this Amendment and
the Registration Rights Agreement. 

              
      7.     Counterparts.  This Amendment
may be executed in one or more counterparts, each of which shall be deemed to be
an original, but all of which shall constitute one and the same instrument.

              
      8.     Governing Law.  This Amendment
shall be governed by and construed in accordance with the laws of the State of
New York.

3

        IN
WITNESS WHEREOF, the parties hereto have executed this Amendment to the
Registration Rights Agreement as of the date set forth in the first paragraph
hereof. 

	 	OPTIMARK HOLDINGS, INC.

	 	By:	/s/ Robert J Warshaw	
	 	 	
	
	 	 	Name: Robert J Warshaw

Title: CEO	

	 	SOFTBANK CAPITAL PARTNERS LP

	 	By:	SOFTBANK Capital Partners LLC
Its General Partner	

	 	By:	/s/ Steven J. Murray	
	 	 	
	
	 	 	Name: Steven J. Murray

Title: Admin. Member	

	 	Address:
1188 Centre Street

Newton Center, Massachusetts  02459

Attention:  Ron Fisher

Facsimile No.:  (617) 928-9301

4

	 	SOFTBANK CAPITAL LP

	 	By:	SOFTBANK Capital Partners LLC
Its General Partner	

	 	By:	/s/ Steven J. Murray	
	 	 	
	
	 	 	Name: Steven J. Murray

Title: Admin. Member	

	 	Address:
1188 Centre Street

Newton Center, Massachusetts  02459

Attention:  Ron Fisher

Facsimile No.:  (617) 928-9301

	 	SOFTBANK CAPITAL ADVISORS FUND LP

	 	By:	SOFTBANK Capital Partners LLC
Its General Partner	

	 	By:	/s/ Steven J. Murray	
	 	 	
	
	 	 	Name: Steven J. Murray

Title: Admin. Member	

	 	Address:
1188 Centre Street

Newton Center, Massachusetts  02459

Attention:  Ron Fisher

Facsimile No.:  (617) 928-9301

Acknowledged and Agreed

BIG ISLAND LLC

	By:		
	
	
	

	By:	/s/ David R. Duncan	
	 	
	
	 	Name: David R. Duncan

Title: Manager	

	Address:
1777 South Harrison Street

Penthouse One

Denver, Colorado  80210

Attention:  David R. Duncan

Facsimile No.:  (303) 757-0252	 

5

Annex A

Schedule of Initial Holders

Softbank Capital Partners LP

Softbank Capital LP

Softbank Capital Advisors Fund LP

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