LINE OF CREDIT NOTE

EXHIBIT 10.1

LINE OF CREDIT NOTE

FOR VALUE RECEIVED, TelVue Corporation, a Delaware corporation (the “Maker”), intending to be legally bound hereby, promises to pay to the order of H.F. (Gerry) Lenfest, an individual (“Payee”), at such place as Payee may designate from time to time in writing, the principal sum of Four Hundred Thousand Dollars ($400,000), or as much thereof as may be advanced or readvanced from time to time, in lawful money of the United States, together with interest accruing on the outstanding principal balance under this Line of Credit Note (the “Note”) as provided below until repaid in full.

1.     Purpose of Note. This Note evidences, and is given in consideration of, a loan in the principal amount of up to Four Hundred Thousand Dollars ($400,000). This is a revolving credit facility and unless extended or renewed shall be payable in full on the Maturity Date (defined below).

2.     Advances. At any time or times prior to the Maturity Date, Maker may request, by written notice to Payee, advances hereunder (each, an “Advance”) up to the maximum principal amount hereof, and Payee shall make such amounts available to Maker in immediately available funds no later than three (3) business days after the date of such request. The minimum Advance hereunder shall be One Hundred Thousand Dollars ($100,000). Within the foregoing limits and subject to this Agreement, the Maker may borrow Advances under this Section 2 subject to the limits in Section 3, repay or prepay Advances, and reborrow Advances at any time prior to the Maturity Date provided that no Event of Default (defined below) remains uncured.

3.     Terms of Advances. Maker and Payee agree that Maker may request up to Four Hundred Thousand Dollars ($400,000) for general working capital.

4.     Interest Rate. Interest shall accrue on the outstanding principal balance hereof, up to an including the maximum amount available under this Note, at an annual rate equal to the prime rate as stated in the Wall Street Journal from time to time (the “Prime Rate”) plus one percent (1%). Each change in the interest rate shall be effective on the first day of the month immediately following the date on which the Wall Street Journal publishes a change in the Prime Rate. Notwithstanding anything to the contrary herein, the liability of Maker for payment of interest under this Note shall not exceed the maximum amount permitted by law, and if any payment by Maker includes interest in excess of such maximum amount, Payee shall apply such excess to the reduction of principal or, if none is due, such excess shall be refunded to Maker. Interest shall be computed on the basis of a 360-day year.

5.     Maturity Date. All outstanding principal and accrued interest hereunder shall be due and payable on the sixth (6th) anniversary of the date the first Advance is made hereunder.

6.     Prepayment. This Note may be prepaid, in whole or in part, at any time or times without premium or penalty. All amounts prepaid by Maker to Payee shall be available for readvancement.

7.     Events of Default. Each of th