**Exhibit 10.22****DEMAND SECURED PROMISSORY NOTE****$1,250,000.00**                                                                                           **Dated: February 22, 2005**     FOR VALUE RECEIVED, the undersigned (hereinafter referred to Maker”) promises to pay ON DEMANDto the order of Presidential Financial Corporation of Delaware Valley (hereinafter referred to as“Lender”) at Lender’s office at Turnersville, New Jersey, or at such other place as Lender maydesignate, the principal amount of **One Million Two Hundred and Fifty Thousand Dollars and No Cents($1,250,000.00),**together with interest on said unpaid principal amount or on so much thereof asmay from time to time be unpaid, at the rate of **2%**percent per annum above the daily prime rate ofinterest quoted in **The Wall Street Journal**, the interest rate as of the date hereof being **sevenpoint five percent (7.50%)**and changes in such rate being effective upon the commencement of eachfifteen (15) day period commencing with **March 1, 2005**; (and being subject to change on thecommencement of each fifteen (15) day period thereafter) together with all charges, expenses,attorney’s fees, whether or not incurred in judicial proceedings, including but not limited toappellate proceedings, and including any proceedings by Lender under the Bankruptcy Code or similarstate law, and costs of collection. The rate of interest charged to Maker shall in no event exceedthe maximum rate of interest on the unpaid principal balance allowable by applicable law. If anysum is charged in excess of the applicable maximum rate, or in violation of any other usury statueof this state, Lender shall reduce said charge in conformity therewith. If any sum is collected inexcess of the applicable maximum rate, or in violation of any other usury statute of this state,the excess collected shall be applied to reduce the principal balance. All interest owing underthis Note shall be calculated based on a 360-day year and actual days elapsed.     THE INTEREST RATE ON THE PRINCIPAL INDEBTEDNESS EVIDENCED BY THIS NOTE, AS CALCULATED USING ASIMPLE INTEREST, ANNUAL PERCENTAGE RATE, AND ASSUMING THAT INTEREST PAYMENTS ARE MADE WHEN DUE, IS**TWO PERCENT (2.00%)**ABOVE THE DAILY PRIME INTEREST RATE AS QUOTED IN **THE WALL STREET JOURNAL**,SUBJECT TO CHANGE AS SET FORTH ABOVE. ALL OTHER FEES AND CHARGES OTHER THAN INTEREST AS SET FORTHABOVE PAYABLE IN CONNECTION WITH THIS NOTE BY MAKER TO LENDER ARE PAYMENTS FOR THE COST OFORIGINATING, BOOKING, SERVICING AND MAINTAINING THE LOAN EVIDENCED HEREBY AND OTHER ADMINISTRATIVECOSTS AND DO NOT CONSTITUTE FEES FOR THE USE OF MONEY. INTEREST HEREIN SHALL BE COMPUTED ON, ANDIS DUE AND PAYABLE ON, THE FIFTEENTH (15TH) AND LAST DAY OF EACH MONTH. FOLLOWING EACHOF SAID FIFTEENTH AND LAST DAYS, RESPECTIVELY, ALL UNPAID INTEREST AND OTHER UNPAID FEES ANDCHARGES PROVIDED FOR HEREIN ARE DEEMED BY THE PARTIES TO BE PRINCIPAL AND SHALL BE CHARGED ASADVANCES TO MAKER’S LOAN ACCOUNT WITH LENDER, BEARING INTEREST UPON THE SAME TERMS AS OTHERADVANCES. MAKER SPECIFICALLY AGREES, BY EXECUTION OF THIS NOTE, TO SAID TREATMENT OF ALL UNPAIDINTEREST, FEES AND CHARGES AS PRINCIPAL ADVANCED UNDER THIS NOTE.     In addition to interest provided for under this Note, Maker will pay to Lender a servicecharge based upon the gross amount of each invoice for each Approved Receivable (as defined in theLoan Agreement and Security Agreement by and between Lender and Maker of even date herewith,hereinafter referred to as the “Agreement”). The service charge shall be earned by Lender andshall be payable by Maker to Lender upon the making of any advance by Lender to Maker. Lendershall immediately earn and Maker shall pay to Lender the service charge, equal to **One (1.00%)percent**of the gross amount of each Approved Receivable invoice against which Lender advances fundsto Maker; however, with respect to any such advance, or portion thereof, paid to Lender withinthirty **(30)**days from the date of such advance, the service charge with respect to such amount paidto Lender shall be equal to the applicable percentage shown below, multiplied by the amount of suchpaid invoice or portion of such invoice and a corresponding rebate will be paid to Maker. Withrespect to any such advance paid or portion thereof paid following the thirtieth (30th) day fromthe date of such advance, an additional service charge shall be immediately payable to Lender byMaker upon the earlier of the actual receipt of such payment by Lender or upon the ninety-first(91st) day from the date of advance, said servicecharge to be equal to the applicable percentage shown below less the **one (1.00%)**percent earned andpaid upon the making of the
  

 
initial advance, multiplied by the amount of the invoice paid, or bythe amount of invoice unpaid on the ninety-first (91st) day of the advance, whichever first occurs.**Number of days elapsed from date of advance to**