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Amendment To Investor Rights Agreement

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Exhibit 10.23.1




(Dated as of April 13, 2006) Reference is made to the INVESTOR RIGHTS AGREEMENT, dated as of August 18, 2005 (the " Investor Rights Agreement" ), between DOLPHIN DIRECT EQUITY PARTNERS, LP, a Delaware limited partnership, and ACT TELECONFERENCING, INC., a Colorado corporation.

1. The parties hereto hereby amend the Investor Rights Agreement, effective as of the date hereof, as follows:

Section 2(f) of the Investor Rights Agreement is hereby amended by adding the following at the end thereof:

" Notwithstanding the foregoing, the aggregate amount of Registration Delay Payments shall not
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