Demand Note Between Regal Greetings & Gift Corporation and The Bank of Nova Scotia Dated December 12, 2001

Summary

Regal Greetings & Gift Corporation has signed a demand note with The Bank of Nova Scotia, agreeing to repay a loan of $13,000,000 CAD. The loan is payable on demand at the bank's Toronto branch and accrues interest at a floating rate equal to the bank's prime lending rate plus 3% per year. Interest is calculated daily and payable monthly. The note is jointly and severally binding if more than one party signs, and includes provisions for interest on overdue amounts.

EX-10.55 6 a2075142zex-10_55.txt EX-10.55 EXHIBIT 10.55 [LOGO OF SCOTIABANK] DEMAND NOTE $13,000,000.00 CAD --------------------------------- Date DEC. 12, 2001 --------------------------------- For value received, the undersigned, jointly and severally (if more than one), promise(s) to pay on demand to the order of THE BANK OF NOVA SCOTIA at its SCOTIA PLAZA BRANCH 44 KING ST. WEST TORONTO, ONTARIO the sum of THIRTEEN MILLION CANADIAN XXXX Dollars with interest calculated on a daily basis and payable monthly as well after as before demand of payment and/or judgment, and interest on overdue interest. Rate of interest as follows: / / FIXED RATE - at the rate of __________% Regal Greetings & Gift per annum. Corporation /X/ FLOATING RATE - at the rate per annum equal to the prime lending rate of The Bank of Nova Scotia from time to time PLUS 3% per annum (at the date of /s/ Anthony R. Calandra this note the prime lending rate of The ------------------------- Bank of Nova Scotia at 4% per annum) ------------------------- Account Loan Number______________________