Exhibit 4.7 AGREEMENT This Agreement is entered into as of the 30th day of January, 1997, by and among Rom Tech, Inc., a Pennsylvania corporation (the "Company") and Odyssey Capital Group, L.P. (the "Investor"). WHEREAS, the Investor has agreed to purchase 100,000 shares of the Company's Class Two Convertible Preferred Stock (the "Preferred Stock") and warrants (the "Warrants") for the purchase of 28,000 shares of the Company's common stock, without par value (the "Common Stock"), for a purchase price of $100,000 pursuant to a Purchase Agreement of even date herewith by and among the Company and the Investor (the "Purchase Agreement"); and WHEREAS, the Company has agreed to certain amendments to the Warrants; and WHEREAS, the Company has also agreed to certain amendments to the Registration Rights Agreement of even date herewith by and among the Company and the Investor (the "Investor Registration Rights Agreement"); and NOW THEREFORE, in consideration of the mutual promises, representations, warranties, covenants and conditions set forth in this Agreement, and intending to be legally bound hereby, the parties to this Agreement mutually agree as follows: 1. Amendments to Warrants. The definition of "Purchase Price" as set forth in Section 1(g) of the Warrant Agreement for the issuance of the Warrants is hereby amended and restated in its entirety as follows: "Purchase Price" shall mean, subject to modification and adjustment as provided in Section 8, the lower of (i) $6.25, or (ii) the Average Quoted Price (as defined in Section 1(b)(vii) of the Certificate of Designation), plus $1.25, for the 10 business days immediately preceding the date on which the Securities and Exchange Commission declares effective the registration statement filed by the Company under Section 5 of the Securities Act of 1933, as amended, pursuant to that certain Registration Rights Agreement of even date herewith by and among the Company and the purchasers of the Class Two Convertible Preferred Stock, and further subject to the Company's right, in its sole discretion, to decrease the Purchase Price for a period of not less than 30 days on not less than 30 days' prior written notice to the Registered Holder. 2. Amendment to Investor Registration Rights Agreement. Paragraph 3(a) of the Investor Registration Rights Agreement is hereby amended and restated in its entirety as follows: Within 120 days after the Effective Time, the Company shall file with the SEC under the Securities Act, on Form S-3 or other appropriate or necessary form, a registration statement under Section 5 of the Securities Act (together with the documents incorporated by reference therein, the "Registration Statement") for an offering to be made on a continuous or delayed basis covering the Registrable Securities held by the Holder; provided, however, that the Company may defer making such filing for a reasonable period after the Effective Time (but not in excess of 90 days) if in the good faith judgment of the Company's Board of Directors such filing would, at such time, (a) require the disclosure of material information that the Company has a bona fide business purpose for preserving as confidential, (b) require the providing of information required by the SEC that at such time the Company would be unable to provide, or (c) adversely affect active negotiations or planning for a proposed or pending merger or acquisition. In the event that the Company fails to file the Registration Statement on or prior to the date that is 120 days after the Effective Time (the "Registration Deadline"), the Company shall pay to the Investor an amount equal to ten percent (10%) of the Stated Value (as hereinafter defined) of the Preferred Stock for each 30-day period after the Registration Deadline that the Company fails to file the Registration Statement (the "Filing Penalty"); provided, however, that Company shall be required to pay such Filing Penalty for no more than one year following the Registration Deadline, and provided further that if the Company files the Registration Statement prior to the end of any such 30-day period, the Company shall only be required to pay a portion of such Filing Penalty based on the number of days that have elapsed during each such 30-day period. The term "Stated Value" per share of the Preferred Stock means five dollars ($5.00). All Filing Penalty payments shall be due and payable at end of each such 30-day period following the Registration Deadline. WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date set forth above. ROM TECH, INC. By: ________________________________ Name: _____________________________ Title:_____________________________ ODYSSEY CAPITAL GROUP, L.P. By: Odyssey Capital Group, Inc. Corporate General Partner By:________________________________ John P. Kirwin, III Title:_______________________________