AMERIVISION COMMUNICATIONS INC
EXHIBIT 10.1.7
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<DESCRIPTION>EXHIBIT 10.1.7
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<P ALIGN="RIGHT"><FONT SIZE=2><B>Exhibit 10.1.7  </B></FONT></P>

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<TD WIDTH="49%" VALIGN="BOTTOM"><FONT SIZE=2><B>Federal Deposit Insurance Corporation</B></FONT><FONT SIZE=2><BR>
Division of Resolutions and Receiverships</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="RIGHT"><FONT SIZE=2>Receivership of Southern Pacific Bank and<BR>
Coast Business Credit, a division of Southern Pacific Bank</FONT></TD>
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<P><FONT SIZE=2>February&nbsp;27,
2003 </FONT></P>

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Mr.&nbsp;Loni Woodley, Chief Financial Officer<BR>
Amerivision Communications,&nbsp;Inc.<BR>
5900 Mosteller Drive, Suite 1850<BR>
Oklahoma City, OK 73112</FONT></TD>
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<TD WIDTH="49%"><FONT SIZE=2><BR>
Via Facsimile 405-600-3646</FONT></TD>
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<DT style='margin-bottom:-11pt;'><FONT SIZE=2>Re:</FONT></DT><DD><FONT SIZE=2><I>Waiver of Event of Default</I></FONT></DD></DL>
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<P><FONT SIZE=2>Dear
Mr.&nbsp;Woodley: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference
is made to that certain Loan and Security Agreement, dated as of February&nbsp;4, 1999, between Amerivision Communications,&nbsp;Inc., an Oklahoma corporation ("Borrower")
and Coast Business Credit, a division of Southern Pacific Bank, a California corporation ("Coast") (as amended from time to time, the "Loan Agreement"). All initially capitalized terms used but not
otherwise defined herein shall have the meanings set forth in the Loan Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
February&nbsp;7, 2003, the Department of Financial Institutions of the State of California closed Southern Pacific Bank and appointed the Federal Deposit Insurance Corporation
("FDIC") as its Receiver, which appointment the FDIC accepted. The FDIC as Receiver succeeded to all of Coast's and Southern Pacific Bank's rights, title, and interest in and to the Loans by operation
of law. As used herein, "Lender" refers to the FDIC as Receiver of Southern Pacific Bank. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
Event of Default has occurred under Section&nbsp;8.1(8) of the Loan Agreement as a result of a Debt Service Coverage Ratio of less than 1.25:1 for the quarter ended
December&nbsp;31, 2002. Actual Debt Service Coverage ratio was 1.19:1. Lender hereby waives, in this instance, and only in this instance, the Event of Default arising from Borrower's
non-compliance with this covenant. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lender's
waiver as to the matter referenced above shall in no way be deemed to be a waiver of any other, present or future, transaction, event, occurrence or matter and such waiver shall
be limited solely to the matters and circumstances referred to herein. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>12121
Wilshire Blvd., Suite 1400, Los Angeles, California 90025<BR>
Telephone: (310)&nbsp;820~8881 Facsimile: (310)&nbsp;9797289 </FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
letter is limited precisely as written and shall not be deemed: (a)&nbsp;to be a waiver or modification of any other term, condition or covenant of the Loan Agreement or the Loan
Documents, or (b)&nbsp;to prejudice any right or remedy which Lender may have in the future under the Loan Agreement, the Loan Document or applicable law, </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please
acknowledge your acceptance and agreement to the terms hereto by executing and returning the enclosed duplicate of this letter to the undersigned. </FONT></P>

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Sincerely,</FONT></TD>
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&nbsp;</FONT></TD>
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FDIC as Receiver of Southern Pacific Bank<BR>
<BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>JOHN WATKINS</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;<BR>
<BR>
John Watkins<BR>
Loan Officer</FONT></TD>
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<P><FONT SIZE=2>cc:
Rick Perkins, Textron Financial Corporation<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mark Crunelle, Continental Business Credit </FONT></P>

<P><FONT SIZE=2><B>THE ABOVE IS HEREBY AGREED TO AND ACCEPTED THIS&nbsp;&nbsp;&nbsp;&nbsp;DAY OF February, 2003:  </B></FONT></P>

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&nbsp;</FONT></TD>
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<TD COLSPAN=3><FONT SIZE=2><BR>
AMERI VISION COMMUNICATIONS,&nbsp;INC.,<BR>
an Oklahoma corporation</FONT></TD>
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&nbsp;</FONT></TD>
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By:</FONT></TD>
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<TD WIDTH="42%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>ROBERT D. COOK</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
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Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=2><BR>
President</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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