EXHIBIT 10.71
IGI, INC.
PROMISSORY NOTE
$245,556 Trenton, New Jersey
IGI, INC. (the "Borrower") a corporation organized and existing under the laws of the State of Delaware
acknowledges itself indebted and for value received hereby promises to pay the order of the NEW JERSEY
ECONOMIC DEVELOPMENT AUTHORITY (the "Authority") and its successors and assigns, the principal
sum of Two Hundred Forty-Five Thousand Five Hundred Fifty-Six Dollars ($245,556), together with interest on
the unpaid principal balance thereof from the date hereof until the Borrower's obligations with respect to the
payment of such sum shall be discharged at a fixed rate of interest of five percent (5%) per annum. Interest
charges shall be computed hereunder on the basis of a 360 day year, counting the actual number of days elapsed.
This Note is issued to evidence the obligation of the Borrower under and pursuant to, and shall be governed by
and construed in accordance with the terms and conditions of the Loan Agreement (the "Agreement") between
the Authority and the Borrower dated as of January 10, 2002 for the repayment of the loan made by the
Authority to the Borrower thereunder and payment of interest thereon. Terms referred to herein have the same
meaning as defined in the Agreement. This Note is secured by a mortgage bearing even date herewith, executed
by the Borrower as Mortgagor and delivered to the Authority as Mortgagee on real property located in Buena,
New Jersey.
This Note is payable in one hundred twenty (120) equal monthly installments of principal and interest in the sum
of $2,612.95 commencing on February 1, 2002 and on the first day of each succeeding month and terminating if
not sooner paid, as herein provided on January 1, 2012. Such installments shall be applied first to payment of
interest then due on the unpaid principal amount and the remaining balance of each such installment to be applied
to the payment and reduction of the unpaid principal amount of this Note. The amount payable as the final