|Exhibit
10.24


FIRST AMENDMENT AGREEMENT


FIRST
AMENDMENT AGREEMENT (this Amendment Agreement) dated as
of March 26, 2002 by and between Scientific Learning Corporation (the
Borrower) and Fleet National Bank (the
Bank), amending a certain Revolving Loan Agreement dated as
of March 9, 2001 between the Borrower and the Bank (the Loan
Agreement).


W I T N E S
S E T H


WHEREAS,
pursuant to the terms of the Loan Agreement, the Bank has made and continues to
make revolving loans to the Borrower; and


WHEREAS,
the Borrower has requested that the Bank amend certain terms and conditions of
the Loan Agreement in connection with an extension of the Maturity Date of the
Loan Agreement; and


WHEREAS,
the Bank is willing to amend certain terms and conditions of the Loan Agreement
in connection with an extension of the Maturity Date of the Loan Agreement; on
the terms and conditions set forth herein.


NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto hereby agree as follows:


§1.
Definitions.  Capitalized terms used herein without
definition that are defined in the Loan Agreement shall have the same meanings
herein as therein.


§2.
Ratification of Existing
Agreements.  All of the Borrowers obligations and
liabilities to the Bank as evidenced by or otherwise arising under the Loan
Agreement, the Note and the other Loan Documents, except as otherwise expressly
modified in this Amendment Agreement upon the terms set forth herein, are, by
the Borrowers execution of this Amendment Agreement, ratified and
confirmed in all respects. In addition, by the Borrowers execution of this
Amendment Agreement, the Borrower represents and warrants that no counterclaim,
right of set-off or defense of any kind exists or is outstanding with respect to
such obligations and liabilities.


§3.
Representations and Warranties.  The
Borrower hereby represents and warrants to the Bank that all of the
representations and warranties made by the Borrower in the Loan Agreement, the
Note and the other Loan Documents are true and correct on the date hereof as if
made on and as of the date hereof, except to the extent that any of such
representations and warranties expressly relate by their terms to a prior date
and for matters previously disclosed to the Bank in writing.


§4.
Conditions Precedent.  The effectiveness of the
amendment contemplated hereby shall be subject to the satisfaction on or before
the date hereof of each of the following conditions precedent:
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| | (a)
Representations and Warranties. All of the representations and warranties made by
the Borrower herein, whether directly or incorporated by reference, shall be true and
correct on the date hereof, except as provided in §3 hereof.
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|-2-
|---

| | (b)
Performance; No Event of Default. The Borrower shall have performed and complied
in all material respects with all terms and conditions herein required to be performed or
complied with by it prior to or at the time hereof, and there shall exist no Event of
Default or condition which, with either or both the giving of notice of the lapse of
time, would result in an Event of Default upon the execution and delivery of this
Amendment Agreement.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)
Corporate Action. All requisite corporate action necessary for the valid
execution, delivery and performance by the Borrower of this Amendment Agreement and all
other instruments and documents delivered by the Borrower in connection herewith shall
have been duly and effectively taken.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)
Delivery. The parties hereto shall have executed and delivered this Amendment
Agreement, in form and substance satisfactory to the Bank.
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| | (e)
Fees and Expenses. The Borrower shall have paid to the Bank all fees and expenses
incurred by the Bank in connection with this Amendment Agreement, the Loan Agreement or
the other Loan Documents on or prior to the date hereof, including, without limitation, a
one-time fee in connection with this Amendment Agreement in the amount of $37,500.
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|§5.
Amendment to §1 of the Loan Agreement.
|------------------------------------------

| | Section
1 of the Loan Agreement is hereby amended as follows:
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| | The
definition of Maturity Dateis hereby amended by deleting the date October
11, 2002and substituting the date June 30, 2004therefor.
| | --------------------------------------------------------------------------------------------------------------------------------------------

|§6.
Additional Covenants.  Without any prejudice or
impairment whatsoever to any of the Banks rights and remedies contained in
the Loan Agreement and the covenants contained therein, the Note or in any of
the other Loan Documents, the Borrower additionally covenants and agrees with
the Bank as follows:
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| | (a)
The Borrower shall comply and continue to comply with all of the terms, covenants and
provisions contained in the Loan Agreement, the Note and the other Loan Documents, except
as such terms, covenants and provisions are expressly modified by this Amendment
Agreement upon the terms set forth herein.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)
The Borrower shall at any time or from time to time execute and deliver such further
instruments, and take such further action as the Bank may reasonably request, in each
case further to effect the purposes of this Amendment Agreement, the Loan Agreement, the
Note and the other Loan Documents.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|The
Borrower expressly acknowledges and agrees that any failure by the Borrower to
comply with the terms and conditions of this §6 or any other provisions
contained in this Amendment Agreement shall constitute an Event of Default under
the Loan Agreement.
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|-3-



§7.
Expenses.  The Borrower agrees to pay to the Bank upon
demand (a) an amount equal to any and all out-of-pocket costs or expenses
(including reasonable legal fees and disbursements and appraisal expenses)
incurred or sustained by the Bank in connection with the preparation of this
Amendment Agreement and related matters and (b) from time to time any and all
out-of-pocket costs or expenses (including legal fees and disbursements)
hereafter incurred or sustained by the Bank in connection with the
administration of credit extended by the Bank to the Borrower or the
preservation of or enforcement of the Banks rights under the Loan
Agreement, the Note or the other Loan Documents or in respect of any of the
Borrowers other obligations to the Bank.



§8.
Miscellaneous.
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| | (a)
This Amendment Agreement shall be governed by and construed in accordance with the laws
of the State of Connecticut.
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| | (b)
Except as otherwise expressly provided by this Amendment Agreement, all of the respective
terms, conditions and provisions of the Loan Agreement, the Note and the other Loan
Documents shall remain the same. It is declared and agreed by each of the parties hereto
that the Loan Agreement, the Note and the other Loan Documents, as amended hereby, shall
continue in full force and effect, and that this Amendment Agreement and each of the Loan
Agreement, the Note and the other Loan Documents, as the case may be, be read and
construed as one instrument, and all references in the Loan Documents to the Loan
Agreement, the Note and the other Loan Documents, as the case may be, shall hereafter
refer to the Loan Agreement, the Note or other Loan Document, as the case may be, as
amended by this Amendment Agreement.
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| | (c)
This Amendment Agreement constitutes the entire agreement and supersedes all other prior
agreements and understandings, both written and oral, among the parties, or any of them,
with respect to the subject matter hereof and may not be amended, except in a writing
signed by both of them.
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| | (d)
This Agreement may be executed in any number of counterparts and each such counterpart
shall for all purposes be deemed to be an original, and all such counterparts shall
together constitute but one and the same instrument.
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| | (e)
Delivery of an executed counterpart of a signature page to this Amendment Agreement by
telecopier shall be effective as delivery of a manually executed counterpart of this
Amendment Agreement.
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IN
WITNESS WHEREOF, each of the parties hereto have caused this Amendment
Agreement to be executed in its name and behalf by its duly authorized officer
as of the date first written above.
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| |  | FLEET NATIONAL BANK
By: /s/ Garth Collins

Its: Senior Vice President
| |  | -----------------------------------------------------------------------------------

| |  | SCIENTIFIC LEARNING CORPORATION
By: /s/ Jane A. Freeman

Its: Chief Financial Officer
| |  | ---------------------------------------------------------------------------------------------------

|The undersigned Guarantor
acknowledges and accepts the foregoing and ratifies and confirms its obligations
under the Guaranty dated as of March 9, 2001 by WPV, Inc. in favor of Fleet
National Bank:


WPV, INC.


By: /s/ Rodman Moorhead, III

Its:
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