<PAGE>

                                                                   EXHIBIT 10.23

                           LOAN MODIFICATION AGREEMENT

This Loan Modification Agreement is entered into as of January 9, 2003, by and
between EpicEdge, Inc. (the "Borrower") and Silicon Valley Bank ("Bank").

1.    DESCRIPTION OF EXISTING OBLIGATIONS: Among other Obligations which may be
owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other
documents, a Loan and Security Agreement, dated November 6, 2002, as may be
amended from time to time (the "Loan Agreement"). The Loan Agreement provides
for, among other things, a Committed Revolving Line in the original principal
amount of One Million Dollars ($1,000,000). Defined terms used but not otherwise
defined herein shall have the same meanings as set forth in the Loan Agreement.

Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as
the "Obligations."

2.    DESCRIPTION OF COLLATERAL. Repayment of the Obligations is secured by the
Collateral as described in the Loan Agreement. Additionally, a specific amount
of the Obligations under the Committed Revolving Line is guaranteed by Edgewater
Private Equity Fund III, L.P. (the "Guarantor") pursuant to the terms and
conditions of that certain Unconditional Guaranty agreement (the "Guaranty").

Hereinafter, the above-described security documents and guaranties, together
with all other documents securing repayment of the Obligations shall be referred
to as the "Security Documents". Hereinafter, the Security Documents, together
with all other documents evidencing or securing the Obligations shall be
referred to as the "Existing Loan Documents".

3.    DESCRIPTION OF CHANGE IN TERMS.

      A.    Modification(s) to Loan Agreement.

            1.    Item "(iii)" under Section 2.8 entitled "Limitation on Credit
                  Extensions" is hereby amended to read as follows:

                  ...(iii) $1,700,000, decreasing to $1,400,000 on July 31, 2003
                        and thereafter.

            2.    Notwithstanding the terms and conditions stated in Section 3.2
                  entitled "Conditions Precedent to all Credit Extensions" and
                  Section 6.2 entitled "Financial Statements, Reports,
                  Certificates", Bank shall complete an audit of Borrower's
                  Collateral, with results satisfactory to Bank, prior to the
                  aggregate Obligations exceeding $1,000,000.

            3.    The following defined term under Section 13.1 entitled
                  "Definitions" is hereby amended to read as follows:

                  "Committed Revolving Line" is a Credit Extension of up to
                  $1,300,000 decreasing to $1,000,000 beginning July 31, 2003
                  through the Revolving Maturity Date.

      B.    Modification(s) to Guaranty.

            1.    The first paragraph in the Guaranty is hereby amended to read
                  as follows:

                  In consideration of SILICON VALLEY BANK'S ("Bank") loan to
                  EpicEdge, Inc., a Texas corporation ("Borrower"), under the
                  Loan and Security Agreement with an Effective Date (as defined
                  therein) of November 6, 2002 (the "Agreement"), Edgewater
                  Private Equity Fund III, L.P., a Delaware limited partnership
                  ("Guarantor") unconditionally and irrevocably guarantees
                  payment of all amounts Borrower owes Bank and Borrower's
                  performance of the Agreement and any

<PAGE>

                  other agreements between Borrower and Bank entered into in
                  connection with the Agreement, as amended from time to time
                  (collectively the "Agreements"), according to their terms;
                  provided, however, that the maximum liability of Guarantor
                  under this guaranty (this "Guaranty") shall not exceed at any
                  one time the sum of (a) principal indebtedness equal to the
                  lesser of (i) $1,300,000 or (ii) the outstanding Advances
                  under the Committed Revolving Line as both are defined in the
                  Agreement, but no less than $1,000,000 (collectively, the
                  "Principal Indebtedness"), plus (b) all interest accrued and
                  unpaid on such indebtedness pursuant to the terms of the
                  Agreement, plus (c) all of Bank's costs, expenses and
                  reasonable attorneys' fees incurred in connection with or
                  relating to the enforcement of this Guaranty. Attorneys' fees
                  include, without limitation, attorneys' fees whether or not
                  there is a lawsuit, and if there is a lawsuit, any fees and
                  costs for trial and appeals.

            2.    Section 10.4 of the Guaranty is hereby amended to read as
                  follows:

                           Maintain as of the last day of each quarter a
                           Liquidity Coverage Ratio of not less than 2.00 to
                           1.00. Liquidity Coverage Ratio shall be defined as
                           cash plus unrestricted marketable securities plus
                           callable capital allocated to Borrower minus the
                           amount of funded debt and other contingent
                           liabilities, divided by the Principal Indebtedness,
                           as defined above.

4.    CONSISTENT CHANGES. The Existing Loan Documents are hereby amended
wherever necessary to reflect the changes described above.

5.    NO DEFENSES OF BORROWER. Borrower (and each guarantor and pledgor signing
below) agrees that, as of the date hereof, it has no defenses against paying any
of the Obligations.

6.    PAYMENT OF FEE. Borrower shall pay Bank a fee in the amount of Two
Thousand Dollars ($2,000) ("Variance Fee"), plus all out-of-pocket expenses.

7.    CONTINUING VALIDITY. Borrower (and each guarantor and pledgor signing
below) understands and agrees that in modifying the existing Indebtedness, Bank
is relying upon Borrower's representations, warranties, and agreements, as set
forth in the Existing Loan Documents. Except as expressly modified pursuant to
this Loan Modification Agreement, the terms of the Existing Loan Documents
remain unchanged and in full force and effect. Bank's agreement to modifications
to the existing Obligations pursuant to this Loan Modification Agreement in no
way shall obligate Bank to make any future modifications to the Obligations.
Nothing in this Loan Modification Agreement shall constitute a satisfaction of
the Obligations. It is the intention of Bank and Borrower to retain as liable
parties all makers and endorsers of Existing Loan Documents, unless the party is
expressly released by Bank in writing. Unless expressly released herein, no
maker, endorser, or guarantor will be released by virtue of this Loan
Modification Agreement. The terms of this paragraph apply not only to this Loan
Modification Agreement, but also to all subsequent loan modification agreements.

8.    CONDITIONS. The effectiveness of this Loan Modification Agreement is
conditioned upon payment of the Variance Fee.

                          REMAINDER OF PAGE LEFT BLANK

<PAGE>

      This Loan Modification Agreement is executed as of the date first written
above.

BORROWER:                                BANK:

EPICEDGE, INC.                           SILICON VALLEY BANK

By: /s/ Robert A. Jensen                 By: /s/ David Clower
   ----------------------------             ------------------------------------
Name: Robert A. Jensen                   Name: /s/ David Clower
     --------------------------               ----------------------------------
Title:  COO/CFO                          Title: Vice President
      -------------------------               ----------------------------------

The undersigned hereby consents to the modifications to the Obligations pursuant
to this Loan Modification Agreement, hereby ratifies all the provisions of the
GUARANTY, as amended herein, and confirms that all provisions of that document
are in full force and effect.

GUARANTOR:
EDGEWATER PRIVATE EQUITY FUND III, L.P.
By: EDGEWATER III MANAGEMENT, L.P.,
    its General Partner

    By: Gordon Management, Inc.,
        its sole General Partner

        By:  /s/ Mark Mc Manigal                    Date: 1/17/03
            -------------------------------               ----------------------

        Name: Mark Mc Manigal
              -----------------------------

        Title: V.P.
               ----------------------------

<PAGE>


[GRAPHIC OMITTED]

                               SILICON VALLEY BANK

                       PRO FORMA INVOICE FOR LOAN CHARGES

BORROWER:                 EPICEDGE, INC.

LOAN OFFICER:             DAVID CLOWER

DATE:                     JANUARY 9, 2003