EXHIBIT 10.71 CHANGE IN TERMS AGREEMENTChange in Terms Agreement • November 13th, 2001 • Insci Statements Com Corp • Services-computer integrated systems design • Pennsylvania
DESCRIPTION OF EXISTING INDEBTEDNESS. A $500,000.00 Revolving Line of Credit to LogNet, Inc. (the "Loan"), evidenced by Promissory Note and Disclosure dated September 16, 1999, as modified by a Promissory Note and Disclosure Change In Terms Agreement dated May 22, 2000 and a Change In Terms Agreement dated June 27, 2001 (the "Note"), providing that no further draws would be made on the Credit Line and that the principal balance would be repaid in full on October 1, 2001 (the "Maturity Date"), together with all accrued and unpaid interest and charges and fees, if any, with quarterly payments of interest only being made beginning on September 1, 2000. Interest would accrue on the unpaid principal at the Wall Street Journal Prime Rate (the "Index," as more particularly defined herein) plus 1.500 percent per annum.
