Document:

Exhibit 10.38

                               [GRAPHIC  OMITED]

                               [GRAPHIC  OMITED]

                           AMENDMENT TO LOAN DOCUMENTS

BORROWERS:          SEER  TECHNOLOGIES,  INC.
                    LEVEL  8  SYSTEMS,  INC.
                    MOMENTUM  SOFTWARE  CORPORATION
                    TSAC,  INC.
                    LEVEL  8  TECHNOLOGIES,  INC.

ADDRESS:            8000  REGENCY  PARKWAY
                    CARY,  NORTH  CAROLINA  27511

DATE:               AUGUST  2,  2000

     THIS  AMENDMENT TO LOAN DOCUMENTS is entered into between GREYROCK CAPITAL,
a Division of Banc of America Commercial Finance Corporation ("Greyrock"), whose
address  is  10880  Wilshire  Blvd.,  Suite 1850, Los Angeles, CA  90024 and the
borrowers  named  above  (jointly  and  severally,  "Borrower").

     The  parties  hereto agree to amend the Loan and Security Agreement between
them, dated March 31, 1999 (as amended from time to time, the "Loan Agreement"),
as  follows,  effective  on  the  date  hereof.  (Capitalized terms used but not
defined  in  this  Amendment,  shall  have  the  meanings  set forth in the Loan
Agreement.)
1.     MATURITY  DATE.  Section  4  of  the  Schedule  is  hereby amended in its
entirety  to  read  as  follows:

"4.  MATURITY  DATE
       (Section  6.1):     (a)  Term  of  Receivable  Loan Facility.  The period
                                -----------------------------------
during  which Receivable Loans will be made (the 'Receivable Loan Period') shall
be  from  the  date  of this Agreement to DECEMBER 1, 2000 (the 'Receivable Loan
Maturity  Date'),  unless sooner terminated in accordance with the terms of this
Agreement,  provided  that the Receivable Loan Maturity Date shall automatically

                              EXHIBIT 10.38, PAGE 1
<PAGE>

be  extended for successive additional  terms of one year each, unless one party
gives  written  notice  to the other, not less than sixty days prior to the next
Receivable  Loan  Maturity  Date,  that  such  party  elects  to  terminate  the
Receivable  Loan Period effective on the next Receivable Loan Maturity Date.  On
the  Receivable  Loan  Maturity  Date  or  on  any  earlier  termination of this
Agreement,  no  further Receivable Loans will be made, and Borrower shall pay in
full  all  outstanding  Receivable  Loans.

(b)  Early  Termination  of  Receivable Loan Facility at Borrower's Option.  The
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Receivable  Loan  Period may be terminated prior to the Receivable Loan Maturity
Date  by  Borrower,  effective  three  business  days  after  written  notice of
termination  is  given  by  Borrower  to  Greyrock.

(c)  Term  of  Agreement.  The  term of this Agreement shall be from the date of
     -------------------
this  Agreement  to  the  later  of the following (the 'Maturity Date'): (i) the
termination of the Receivable Loan Period, or (ii) the date the last installment
of  principal  on  the Replacement Term Loan is due.  On the Maturity Date or on
any  earlier  termination  of  this  Agreement,  Borrower  shall pay in full all
Obligations,  and  notwithstanding  any  termination  of  this  Agreement all of
Greyrock's  security  interests  and all of Greyrock's other rights and remedies
shall continue in full force and effect until payment and performance in full of
all  Obligations.

(d)  Early  Termination of Agreement.  This Agreement may be terminated prior to
     -------------------------------
the  Maturity  Date  as follows:  (i) by Borrower, effective three business days
after written notice of termination is given to Greyrock; or (ii) by Greyrock at
any  time after the occurrence of an Event of Default, without notice, effective
immediately.

                              EXHIBIT 10.38, PAGE 2
<PAGE>

(e)  Payment  of  Obligations.  Notwithstanding anything herein to the contrary,
     ------------------------
Borrower  shall  have  no right to terminate this Agreement at any time that any
principal of, or interest on any of the Loans or any other mone-tary Obligations
are  outstanding, except upon prepayment of all Obligations and the satisfaction
of  all  other  conditions  set  forth  in  the  Loan  Documents."

     2.     REPRESENTATIONS  TRUE.  Borrower represents and warrants to Greyrock
that  all  representations  and  warranties  set forth in the Loan Agreement, as
amended  hereby,  are  true  and  correct.

3.     GENERAL  PROVISIONS.  This  Amendment,  the Loan Agreement, and the other
Loan  Documents  set  forth in full all of the representations and agreements of
the  parties  with  respect to the subject matter hereof and supersede all prior
discussions, representations, agreements and under-standings between the parties
with  respect to the subject hereof.  Except as herein expressly amended, all of
the  terms  and  provisions  of  the Loan Agreement and the other Loan Documents
shall  continue  in  full  force and effect and the same are hereby ratified and
confirmed.

BORROWER                               GREYROCK::
SEER  TECHNOLOGIES,  INC.              GREYROCK  CAPITAL,  A  DIVISION  OF
                                       BANC  OF  AMERICA  COMMERCIAL  FINANCE
                                       CORPORATION

BY_/s/ Steven Dmiszewicki________      BY_/s/ Sachi Nagano______________
 PRESIDENT  OR  VICE  PRESIDENT
BY_/s/ Dennis McKinnie___________      TITLE_SVP_________________________
 SECRETARY  OR  ASS'T  SECRETARY

BORROWER:                              BORROWER:
LEVEL  8  SYSTEMS,  INC.               MOMENTUM  SOFTWARE  CORPORATION

BY_/s/ Steven Dmiszewicki________      BY_/s/ Steven Dmiszewicki________
 PRESIDENT  OR  VICE  PRESIDENT         PRESIDENT  OR  VICE  PRESIDENT
BY_/s/ Dennis McKinnie__________      BY_/s/ Dennis McKinnie__________
 SECRETARY  OR  ASS'T  SECRETARY        SECRETARY  OR  ASS'T  SECRETARY

                              EXHIBIT 10.38, PAGE 3
<PAGE>

BORROWER:                              BORROWER:
TSAC,  INC.                            LEVEL  8  TECHNOLOGIES,  INC.

BY_/s/ Steven Dmiszewicki________      BY_/s/ Steven Dmiszewicki________
 PRESIDENT  OR  VICE  PRESIDENT         PRESIDENT  OR  VICE  PRESIDENT
BY_/s/ Dennis McKinnie__________      BY_/s/ Dennis McKinnie__________
 SECRETARY  OR  ASS'T  SECRETARY        SECRETARY  OR  ASS'T  SECRETARY

                              EXHIBIT 10.38, PAGE 4
<PAGE>
                                     CONSENT

The  undersigned,  guarantors,  acknowledge  that their consent to the foregoing
Amendment is not required, but the undersigned nevertheless do hereby consent to
the  foregoing Amendment and to the documents and agreements referred to therein
and  to  all  future  modifications  and amendments thereto, and any termination
thereof,  and  to  any and all other present and future documents and agreements
between  or among the fore-going parties.  Nothing herein shall in any way limit
any  of  the  terms  or  provisions of the Guaranties of the undersigned, all of
which  are  hereby  ratified  and  affirmed.  This  Consent  may  be executed in
counterparts.  The  signatures  of the undersigned shall be fully effective even
if  other  persons  named  below  fail  to  sign  this  Consent.

LEVEL  8  IRELAND  LIMITED            LEVEL  8  SYSTEMS  AUSTRALIA  PTY  LIMITED

BY_/s/ Steven Dmiszewicki_________     BY_/s/ Steven Dmiszewicki______
TITLE___Chairman_______________       TITLE_President________________

LEVEL  8  BENELUX  B.V.               TEMPLATE  SOFTWARE  UK  LIMITED

BY_/s/ Steven Dmiszewicki_________     BY_/s/ Steven Dmiszewicki______
TITLE_President________________       TITLE_President________________

TSGS,  INC.

BY_/s/ Steven Dmiszewicki_________
TITLE_President__________________

                              EXHIBIT 10.38, PAGE 5
<PAGE>Number                                                                Shares

                                BURST.COM, INC.
              INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE
             100,000,000 AUTHORIZED COMMON SHARES $.0001 PAR VALUE
             20,000,000 AUTHORIZED PREFERED SHARES $.0001 PAR VALUE

                                                            CUSIP 12284P 10 6
                                                               SEE REVERSE
                                                         FOR CERTAIN DEFINITIONS

THIS CERTIFIES THAT

Is The Owner of

FULLY PAID AND NON-ASSESSABLE SHARES OF $.00001 PAR VALUE COMMON STOCK OF

                                BURST.COM, INC.

transferable  only on the books of the  Company in person or by duly  authorized
attorney upon surrender of this Certificate properly endorsed.  This Certificate
is not valid unless countersigned by the Transfer Agent and Registrar.

     IN WITNESS  WHEREOF,  the said  Company has caused this  Certificate  to be
executed by the facsimile  signatures of its duly authorized  officers and to be
sealed with the facsimile seal of the Company.

Dated:
 /s/ Edward H. Davis                                 /s/ Richard Lang
EDWARD H. DAVIS, SECRETARY                          RICHARD LANG, CHAIRMAN & CEO

                             [BURST.COM, INC. SEAL]

<PAGE>

                                BURST.COM, INC.

                TRANSFER FEE: $20.00 PER NEW CERTIFICATE ISSUED

     The following  abbreviations  when used in the  inscription  on the face of
this  certificate,  shall be construed as though  they were  written out in full
according to applicable laws of regulations:

     TEN COM -- as tenants in common
     TEN ENT -- as tenants by the entireties
     JT TEN  -- as joint tenants with rights of
                survivorship and not as tenants
                in common

                          UNIF GIFT MIN ACT--............Custodian..............
                                                 (Cust)             (Minor)
                                     under Uniform Gift to Minors
                                     Act..........................
                                                 (State)

    Additional abbreviations may also be used though not in the above list.

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For Value Received, ______________________ hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE

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Shares of the Common Stock represented by the within Certificate,  and do hereby
irrevocably constitute and appoint

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attorney-in-fact  to  transfer  the said stock on the books of the  within-named
Corporation, with full power of substitution in the premises:

Dated:___________________________________

                         -------------------------------------------------------

                         -------------------------------------------------------

                         NOTICE: THE   SIGNATURES(S)  TO  THIS  ASSIGNMENT  MUST
                                 CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE
                                 FACE OF THE  CERTIFICATE  IN EVERY  PARTICULAR,
                                 WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE
                                 WHATSOEVER.

Signature(s) Guaranteed:

-----------------------------------------

The signature(s) must be guaranteed by an eligible guarantor institution (Banks,
Stockbrokers,  Savings and  Loan Associations  and Credit Unions with membership
in approved  signature  guarantee  Medallion  Program),  pursuant to S.E.C. Rule
17Ad-15.

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