EX-4.18 7 v026402_ex4-18.txt EXHIBIT 4.18 AMENDMENT NO. 4 TO DEBENTURE ISSUANCE DATE November 20,2003 CONVERTIBLE DEBENTURE DUE June 30, 2005 (as amended) AMOUNT Up to $ 2,500,000.00 (as amended) This Amendment No. 4 to Debenture, dated March 2, 2005, is made by and between AccuPoll Holding Corp., a Nevada corporation ("AHI"), Dennis Vadura ("Vadura"), AccuPoll, Inc., a Delaware corporation ("API," and, together with Vadura and AHI, the "Company"), and Hyde Investments, Ltd. (the "Holder"). Extension of Maturity Date: The Maturity Date of the Debenture is hereby extended to June 30, 2005. Extension Fee: The Company hereby acknowledges and agrees that the current principal and interest balance of the note, as of March 1, 2005, is $1,223,261.16. The Company hereby agrees to pay the sum of $122,326 in consideration of the extension set forth above. Such amount will be added to the balance of the Debenture as of the date hereof. Consent and Acknowledgement: The Company, and each of them, hereby consent to, and acknowledge full force and effectiveness of this Amendment No. 4 to the Debenture. The Parties acknowledge that the holder hereof verbally agreed to waive any default as a result of the lapse of the maturity date hereof on December 31, 2004, and to negotiate an appropriate extension. IN WITNESS WHEREOF, the Company has duly executed this Amendment No. 4 to Debenture as of March 1, 2005. ACCUPOLL HOLDING CORP. Hyde Investments, Ltd. ACCUPOLL, INC. By /s/ Dennis Vadura By: ------------------------------ ------------------------------------ Dennis Vadura Name: Chairman and CEO Title: Acknowledgement and Consent: DENNIS VADURA /s/ DENNIS VADURA --------------------------------- Dennis Vadura, an individual 1