U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 |_| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). ================================================================================ 1. Name and Address of Reporting Person* Commonwealth Associates, L.P. -------------------------------------------------------------------------------- (Last) (First) (Middle) 830 Third Avenue -------------------------------------------------------------------------------- (Street) New York New York 10022 -------------------------------------------------------------------------------- (City) (State) (Zip) ================================================================================ 2. Issuer Name and Ticker or Trading Symbol eB2B Commerce, Inc. (NASD SmallCap: EBTB) ================================================================================ 3. IRS or Social Security Number of Reporting Person (Voluntary) ================================================================================ 4. Statement for Month/Year August 2001 ================================================================================ 5. If Amendment, Date of Original (Month/Year) ================================================================================ 6. Relationship of Reporting Person to Issuer (Check all applicable) |X| Director |X| 10% Owner |_| Officer (give title below) |_| Other (specify below) ================================================================================ 7. Individual or Joint/Group Filing (Check Applicable Line) |_| Form filed by one Reporting Person |X| Form filed by more than one Reporting Person ================================================================================ * If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================

(Over) SEC 1474 Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (1) Owned directly by Michael S. Falk, the Chairman and principal stockholder of Commonwealth Associates Management Company, Inc., which is the general partner of Commonwealth Associates L.P. Page 1 of 3 FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================

Explanation of Responses: See attached footnotes. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Commonwealth Associates, L.P. By: Commonwealth Associates Management Company, Inc. /s/ Joseph Wynne August 23, 2001 --------------------------------------------- ----------------------- ** Signature of Reporting Person Date Joseph Wynne Chief Financial Officer Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Page 2 of 3 JOINT FILER INFORMATION AND AUTHORIZATION Name: Commonwealth Associates Management Company, Inc. 830 Third Avenue New York, New York 10022 Designated Filer: Commonwealth Associates, LP Issuer & Ticker Symbol: eB2B Commerce, Inc. (EBTB) Statement Month/Year: August 2001 Signature: By: /s/ Joseph Wynne ------------------------------------------------- Joseph Wynne, Chief Financial Officer Name: Michael S. Falk 830 Third Avenue New York, New York 10022 Designated Filer: Commonwealth Associates, L.P. Issuer & Ticker Symbol: eB2B Commerce, Inc. (EBTB) Statement Month/Year: August 2001 Signature: /s/ Michael S. Falk ----------------------------------------------------- Michael S. Falk Page 3 of 3

COMMONWEALTH ASSOCIATES LP 4