PROMISSORY NOTE MODIFICATION AGREEMENT
This Promissory Note Modification Agreement (the "Agreement") is made and entered into on February 15,
2001 (the "Agreement Date"), to be effective as of February 15, 2001 (the "Effective Date"), by and between
Electronic Tele-Communications, Inc. (if more than one, jointly and severally, ("Borrower"), and Bank One,
A. Borrower has executed a promissory note in the amount of $4,000,000.00 and dated June 30, 2000, in favor
of Lender, as the same may have been amended or modified from time to time (the "Note").
B. The Note has at all times been, and is now, continuously and without interruption, outstanding in favor of
C. Borrower has requested that the Note be modified to the limited extent as hereinafter set forth, and Lender
has agreed to such modification.
NOW, THEREFORE, by mutual agreement of the parties and in mutual consideration of the agreements
contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree that the Note is modified as hereinafter indicated.
1. ACCURACY OF RECITALS. Borrower acknowledges the accuracy of the Recitals, stated above.
2. MODIFICATION OF PROMISSORY NOTE. The following provisions are deemed to be part of the Note,
and any contrary provisions in the Note are deemed to be modified hereby:
2.1 From and after the Effective Date, the amount of the Note, and the maximum principal amount that may at
any time be outstanding thereunder, is hereby decreased to $2,500,000.00.
2.2 Each of the Loan Documents is modified to provide that it shall be a default or an event of default thereunder
if Borrower shall fail to comply with any of the covenants of Borrower herein or if any representation or warranty
by Borrower herein or by any guarantor of the Loan or third-party pledgor of collateral securing the Loan in any
Acknowledgement and Consent attached to this Agreement