<PAGE>
                                                                   EXHIBIT 10.24


                     GENERAL PRIVATE LABEL LEASING AGREEMENT

     This Agreement (the "Agreement") is made and entered into on this 21st day
of February, 1996 by and between New Image Industries, Inc., a Delaware
Corporation (the "Manufacturer"), and Affiliated Capital Corp., an Illinois
Corporation ("Affiliated").

                                   RECITALS

     WHEREAS, Manufacturer now wishes to offer a lease program to those
prospective customers of Manufacturer who request a lease arrangement involving
Manufacturer's goods.

     WHEREAS, Affiliated seeks the first right of refusal on all lease proposals
wherein the prospective customer of Manufacturer requests a lease arrangement
involving Manufacturer's goods.

     THEREFORE, in consideration of the mutual covenants and agreements of the
parties contained herein, Affiliated and Manufacturer agree as follows:

     1.   LEASES:  The Manufacturer authorizes Affiliated to operate a lease
program as provided in this Agreement, pursuant to which Affiliated will offer
to prospective customers of Manufacturer, lease agreements ("Leases") containing
the Manufacturer's name and logo.  It is agreed that, although Manufacturer's
name and logo will appear on the Leases, Affiliated will be identified as the
Lessor on all documents executed pursuant to this Agreement and that
Manufacturer shall have no ownership rights in or to the Leases, related
documents or Goods.  At the time Affiliated enters into a lease with the
customer, Manufacturer and Affiliated will execute appropriate sale
documentation, wherein Manufacturer will transfer clear title to the Goods and
provide its limited warranty to Affiliated.  In exchange, Affiliated will pay
Manufacturer in full for the Goods transferred.  Manufacturer further agrees
that all payments from Lessees made under the Leases shall be the property of
Affiliated.  Manufacturer further agrees that Affiliated shall have the first
right of refusal on all lease proposals wherein a prospective Lessee requests a
lease arrangement while this Agreement is in effect, provided, however,
Affiliated agrees that if the prospective Lessee has a preference of leasing the
Goods from a company other than Affiliated, then in that case, the proposed
Lessee will be allowed to use his/her preferred leasing company.  Affiliated
shall be responsible for executing the Leases, billing and collecting payments
from Lessees and taking any action including legal action necessary to enforce
the terms of the Leases.  For purposes of this Agreement, "Goods" means the
personal property purchased by Affiliated hereunder, together with any
accessories, attachments, parts and repairs now or hereafter incorporated in or
affixed to or used in connection with such Goods. and includes Goods substituted
for the original Goods leased.

     2.   TERM:  This Agreement shall continue in effect until terminated by
either party on ninety (90) days advance written notice, provided that no such
termination shall relieve or release either party from any rights, liabilities
or obligations with respect 


<PAGE>


to any Leases entered into prior to such termination.  Upon the termination 
of this Agreement, Affiliated shall have the right to invoice Lessees under 
Affiliated's corporate or trade name.

     3.   POWER OF ATTORNEY:  Manufacturer hereby appoints Affiliated or any
other person whom Affiliated may designate, as Manufacturer's attorney-in-fact
with power to endorse in Manufacturer's name any notes, acceptances, checks,
drafts, money orders, and other evidences of payment or collateral that may come
into Affiliated's possession pursuant to the terms of this Agreement and/or any
Lease.

     4.   DOCUMENTS:  Affiliated agrees to accept or reject each leasing
proposal submitted by Manufacturer or its Distributor normally within two (2)
hours after receipt of all credit and financial data and other information
deemed necessary by Affiliated to render a fair judgment regarding the leasing
proposal and the prospective Lessee.  Manufacturer shall have no obligation to
actually conduct a credit investigation.  Affiliated may directly contact the
prospective Lessee to obtain whatever additional credit and financial
information is needed.  If Affiliated agrees to accept the leasing proposal and
the prospective Lessee, Affiliated shall thereafter pay for the requested Goods
within twenty-four (24) hours after Affiliated receives those documents
required, in Affiliated's sole discretion, to consummate the Lease in question.

     5.   REPRESENTATION OF WARRANTIES:  Manufacturer represents, warrants and
agrees that:

          a.   All Goods sold pursuant to the terms of this Agreement shall be
of merchantable quality, free from defects in materials and workmanship, and fit
for their intended use;

          b.   All Goods will be manufactured in accordance with applicable
federal, state and local laws, regulations and orders; 

          c.   Title to any Goods purchased under this Agreement shall be free
and clear of all liens and other encumbrances;

          d.   Manufacturer has and will continue to perform all of its
obligations under the warranties given by Manufacturer in any purchase order or
otherwise related to the Goods covered by such Leases, and will make available a
complete maintenance and service operation for the Goods covered by such Leases.

          e.   The Goods sold pursuant to the terms of this Agreement will have
been delivered to and accepted by the Lessee and services described in a Lease
or sales invoice will have been performed.

     6.   REPURCHASE:  Manufacturer agrees that if a Lessee asserts against
Affiliated any claim or defense arising out of, or cancels any Lease as a result
of Manufacturers breach of any warranty or representation herein, Manufacturer
shall 


<PAGE>


repurchase the specific Goods associated with such Lease from Affiliated on 
demand at a purchase price equal to the aggregate unpaid total rent for the 
balance of the Lease discounted to present value using a rate equal to 75% of 
the yield to Affiliated under the Lease, plus all costs and expenses, 
including attorneys' fees, incurred by Affiliated as a result of such 
Lessee's claim, defense and/or cancellation of the Lease.

     7.   REMARKETING:  Manufacturer acknowledges that Affiliated is not a
merchant with respect to the Goods that are the subject of this Agreement and
has no expert or special knowledge as to their quality, nature or condition. 
Therefore, upon the expiration of the term of any Lease in which the Lessee has
not exercised an option to either renew the Lease or purchase the Goods at the
end of the Lease term, or after an earlier termination of any Lease as a result
of a default thereunder by a Lessee, the Manufacturer agrees, upon notification
by Affiliated, to take possession or accept delivery of the Goods specified in
any such Lease, at a location acceptable to Manufacturer.  Manufacturer shall
thereafter commence to resell or release the Goods on a "Best Efforts Basis". 
Best Efforts Basis shall mean a good faith effort by Manufacturer to fairly
present the possible sale or lease of the Goods to persons and markets the
Manufacturer believes would be realistically interested therein.  All sales or
leases shall be made only with the written approval of Affiliated.  To the
extent necessary to make the Goods at par with similar current Goods,
Manufacturer may, at the sole option of Affiliated, repair and/or recondition
the Goods.  The Manufacturer shall be reimbursed for any costs and expenses
incurred in repairing or reconditioning the Goods, solely from proceeds
generated from the subsequent sale or lease of the Goods, after first satisfying
any sales commission that may be due third parties directly related to said sale
or lease.  The balance of any such proceeds shall be paid to Affiliated.

     8.   INDEMNITY: Manufacturer shall defend, indemnify and hold Affiliated
harmless from and against any and all claims made by a Lessee and any other
third parties howsoever arising, whether sounding in tort, contract, warranty,
or otherwise, and all reasonable expenses, including without limitation
attorneys' fees and court costs, arising after the date hereof and directly or
indirectly arising out of, connected with, or related in any manner to the Goods
or this Agreement.  However, in no event shall Manufacturer be responsible for
any costs or damages resulting from the negligence or intentional misconduct of 
Affiliated employees.  Manufacturer shall also indemnify and hold harmless
Affiliated from any and all claims. demands, suits, judgments, causes of action,
and all reasonable expenses, including without limitation attorneys' fees and
court costs, arising as a result of Manufacturer's action or actions,
performance or nonperformance or any causes related to Manufacturer's efforts to
repair, recondition and/or remarket Goods.

     9.   ASSIGNMENT OF AGREEMENT:  Manufacturer may not assign this Agreement
or any of its rights under this Agreement without Affiliated's prior written
consent.

     10.  DEFAULT:  The following events shall constitute Events of Default
under this 


<PAGE>


Agreement:

          a.   Manufacturer's material breach of or failure to perform any of
its material obligations under this Agreement;

          b.   Manufacturer's material breach of any warranty or representation
herein;

          c.   Manufacturer's insolvency, dissolution or merger with or
acquisition by another entity, Manufacturer's making an assignment for the
benefit of creditors, or Manufacturer ceasing to do business as a going concern;
and
     d.   Institution by or against Manufacturer of any bankruptcy,
reorganization, receivership, conservatorship, or insolvency proceedings.

     11.  REMEDIES:

          a.   Upon the occurrence of any Event of Default, which Event of
Default continues for ten (10) days after Affiliated has given Manufacturer
written notice of the breach and demand to cure, Affiliated may do any one or
more of the following:

               i)   Demand that Manufacturer repurchase any one or all the
Leases, at Affiliated's sole discretion, in an amount equal to remaining
balances due under the Lease(s) discounted to present value using a rate equal
to 75% of the aggregate annual yield to the Lessor under the Lease or Leases,
plus outstanding charges, within ten (10) days of receiving demand from
Affiliated;

               ii)  Immediately terminate this Agreement without prior notice to
Manufacturer; and

               iii) Exercise any other rights it has under this Agreement, the
Uniform Commercial Code or other law.

          b.   Where the Event of Default arises from a breach of any of the
provisions of Paragraph 5 of this Agreement, the Event of Default may be cured
by the Manufacturer offering to repurchase the Lease(s) to which the Event of
Default relates, as determined solely by Affiliated, which determination shall
be binding on all parties herein, if such repurchase offer is made within the
ten (10) day cure period provided above, and accompanied by the tender of an
amount equal to the remaining balances due under the Lease(s) discounted to a
present value using a rate equal to 75% of the aggregate annual yield to
Affiliated under the Lease(s), plus outstanding charges.

          c    Upon an Event of Default, Manufacturer will be liable for all
costs and expenses incurred by Affiliated because of the Event of Default,
including repossession costs, court costs and reasonable attorneys' fees.

     12.  ENTIRE AGREEMENT:  This Agreement constitutes the entire Agreement


<PAGE>


between the parties with respect to the subject matter hereof and no
modification of this Agreement shall be effective unless it is in writing and
signed by a duly authorized representative of each party.  There are no
understandings, representations, or warranties except as herein expressly set
forth.  To the extent that the terms and conditions of any purchase order issued
hereunder are inconsistent with the terms and conditions of this Agreement, the
terms and conditions of this Agreement shall control and govern.

     13.  WAIVER: The failure or delay of a party hereto to enforce any of its
rights under this Agreement shall not be deemed to be a continuing waiver or
modification by such party of any of its rights under this Agreement.  Any
failure to enforce this Agreement, or delay its enforcement, shall not
constitute a defense.

     14.  NOTICES: Any notice, request, instruction or other document to be
given hereunder shall be deemed validly given, if in writing and delivered
personally, by express mail or similar overnight courier or electronic
transmission or sent by U.S. Certified Mail, postage prepaid, return receipt
requested, as follows:

IF TO AFFILIATED:                        IF TO MANUFACTURER:

Affiliated Capital Corp.                 New Image Industries, Inc.
707 Skokie Boulevard                     2283 Cosmos Court         
Northbrook, IL 60602                     Carlsbad, California 92009

     15.  SEVERABILITY:  Should any part or provision of this Agreement be held
unenforceable or in conflict with the law or the jurisdiction construing,
interpreting, applying and governing this Agreement, the validity of the
remaining part or provisions shall not be affected by any such holdings.

     16.  INDEPENDENT CONTRACTOR:  Each of Affiliated and Manufacturer will be
and shall act as an independent contractors and not as an agent or partner of or
joint venture with, the other party for any purpose and neither party by virtue
of this Agreement shall have any right, power or authority to act or create any
obligation, express or implied, on behalf of the other party.

     17.  ARBITRATION:  Any controversy or claim arising out of or relating to
this Agreement shall be settled by arbitration in the City of Chicago before a
panel of three arbitrators.  Such panel shall be chosen, and the arbitration
shall be conducted, in accordance with the rules of the American Arbitration
Association then in effect.  The panel shall have the authority to consider an
award of costs of the arbitration and reasonable attorney's fees to the
prevailing party.  The award entered by a majority of the panel shall be final
and binding, and judgment thereon may be entered by the U.S. District Court for
the Northern District of Illinois, or any other court having jurisdiction over
the parties and the controversy, as provided in Paragraph 18 below, provided,
however, that the award shall be subject to appeal with respect to errors of law
(but not with respect to errors of fact).  For an appeal to be given effect, the
party seeking to appeal must give notice of intent to appeal to the arbitrator
and the other party to the 


<PAGE>


arbitration within ten days following the date notice of the award is 
received by such party and the appeal itself must be filed with the proper 
court within 30 days of the date of such notice.  The prevailing party in any 
judicial proceeding shall be entitled to an award of reasonable attorney's 
fees and post-award, pre-judgment interest.

     18.  GOVERNING LAW.  THIS AGREEMENT HAS BEEN DELIVERED FOR ACCEPTANCE BY
PURCHASER IN NORTHBROOK, ILLINOIS AND SHALL BE GOVERNED AND CONSTRUED IN
ACCORDANCE WITH THE INTERNAL LAWS (AS OPPOSED TO THE CONFLICTS OF INTEREST
PROVISIONS) OF THE STATE OF ILLINOIS.  VENDOR HEREBY AGREES, TO THE EXTENT
PERMITTED BY APPLICABLE LAW, NOT TO INSTITUTE ANY LEGAL ACTION OR PROCEEDING
AGAINST PURCHASER OR ANY OF PURCHASER'S DIRECTORS, OFFICERS, EMPLOYEES, AGENTS
OR PROPERTY, CONCERNING ANY MATTER ARISING OUT OF OR RELATED TO THIS AGREEMENT,
IN ANY COURT OTHER THAN ONE LOCATED IN COOK COUNTY, ILLINOIS.


AFFILIATED CAPITAL CORP.               New Image Industries, Inc.
                                  
By    /s/ David Turner                 By    /s/ Hal Orr 
      -----------------------------          ----------------------------- 

Title Sr. Vice Prsident                Title CFO
      -----------------------------          ----------------------------- 

Date  2/28/96                          Date  2/23/96
      -----------------------------          ----------------------------- 


<PAGE>

                             LEASE FUNDING AGREEMENT


    THIS LEASE FUNDING AGREEMENT (this "Agreement") entered into as of
February 21, 1996 by and between AFFILIATED CAPITAL CORP., an Illinois
corporation ("Affiliated"), and New Image Industries, Inc., a Delaware
corporation ("Vendor"), sets for the terms by which the parties intend to be
legally bound.

1.   ADVANCES.  Subject to the terms and conditions hereof, Affiliated agrees to
make available for Vendor's use, at Affiliated's sole and absolute discretion in
each instance, certain advances of funds (hereinafter "Advances").  Each Advance
shall be repaid in full within thirty (30) days from the date on which such
Advance is provided (the "Maturity Date"), unless such date is extended in
writing by Affiliated at its sole election.  During the term of this Agreement,
Affiliated may make multiple Advances to Vendor in its sole discretion.  The
Advances shall be evidenced by the Revolving Promissory Note substantially in
the form attached as Exhibit "A" hereto (the "Note").

2.   MAXIMUM ADVANCES OUTSTANDING.  The principal amount of any particular
Advance shall not exceed fifty percent (50%) of the "Approved Applications." For
purposes hereof, the term "Approved Applications" shall mean the aggregate
pending lease applications approved by Affiliated that have been documented and
for which Affiliated purchase orders have been issued.  Notwithstanding anything
contained in this Agreement to the contrary, the aggregate principal balance of
the Advances at any time outstanding shall not exceed the sum of Two Hundred
Thousand Dollars ($200,000.00).  Affiliated, in its sole and absolute
discretion, at any time and from time to time, by written notice to Vendor, may
suspend the restriction imposed by this Section.

3.   INTEREST.  The Advances will bear interest at the rate specified in the
Note.

4.   CREDIT AGAINST ADVANCES.  Affiliated will credit as payments against any
Advances and interest hereunder the equipment sale invoice amount with respect
to each "Qualified Lease."  For purposes hereof, a "Qualified Lease" is an
equipment lease submitted to Affiliated by the Vendor effective as of the date
of which all of the following conditions are satisfied: (i) the prospective
lessee meets Affiliated's credit requirements as Affiliated may dictate from
time to time in its sole discretion; (ii) all original executed lease documents
have been received by, and are acceptable to Affiliated; and (iii) Affiliated
has designated the lease as an "active lease." Vendor represents, warrants and
covenants good and marketable title to all equipment sold to Affiliated, free
and clear of liens, claims and encumbrances of any kind.

5.   RIGHT OF FIRST REFUSAL.  In consideration for Affiliated entering into this
Lease Funding Agreement, Vendor hereby grants to Affiliated the right of first
refusal to enter into a written lease agreement with prospective lessees of
equipment purchased from Vendor on terms offered by Affiliated.  Affiliated is
not obligated to purchase any equipment from the Vendor, or to subsequently
lease any such equipment to lessees.


<PAGE>


6.   TERMINATION AND RIGHT TO DEMAND PAYMENT AT ANY TIME.  At any time, in its
sole, absolute and unconditional discretion, Affiliated may, by written notice
to Vendor, terminate this Agreement and/or declare the Advances, all interest
thereon and all other amounts payable under this Agreement to be due and payable
on the 30th day following the date each such Advance was made, whereupon the
Advances, all such interest and all such amounts shall become and be immediately
due, without presentment, demand, protest or further action of any kind by
Affiliated, all of which are hereby expressly waived by Vendor.

7.   REPRESENTATIONS AND WARRANTIES.  Except as disclosed in writing to
Affiliated, Vendor warrants, represents to and covenants with Affiliated that:

     a.   Vendor is and at all times during the term of this Agreement shall be
          a corporation duly organized and existing in a good standing under the
          laws of the state of Delaware and qualified or licensed to do business
          in all other states in which the laws thereof require Vendor to be so
          qualified and/or licensed;
     
     b.   Vendor has the right, power and capacity and is duly authorized and
          empowered to enter into, execute, deliver and perform this Agreement
          and the Note, and this Agreement and the Note have been properly
          authorized, executed and delivered by Vendor;
     
     c.   The execution, delivery and/or performance by Vendor of this Agreement
          and the Note shall not, by lapse of time, by giving of notice or
          otherwise, constitute a violation of any applicable law or breach of
          any provision contained in Vendor's Articles or Certificate of
          Incorporation or By-Laws, or contained in any agreement, instrument or
          document to which Vendor is now or hereafter a party or by which it is
          or may become bound;
     
     d.   This Agreement and the Note are and will be the legal, valid and
          binding agreements of Vendor, enforceable in accordance with their
          terms, except as enforcement thereof may be subject to the effect of
          applicable bankruptcy, insolvency, reorganization, moratorium or
          similar laws effecting creditors' rights generally, and to general
          principles of equity;
     
     e.   Vendor (i) is not "insolvent" as that term is defined in Section
          101(32) of the United States Bankruptcy Code (11 U.S.C. Section
          101(32), Section 2 of the Uniform Fraudulent Transfer Act or Section 2
          of the Uniform Fraudulent Conveyance Act; and (ii) shall not be
          rendered insolvent (as defined above) by the execution and delivery of
          this Agreement and the Note, or by the consummation of the
          transactions contemplated hereunder or thereunder;
     
     f.   There are no judgments outstanding against Vendor and there are no


<PAGE>


          actions, suits, arbitrations or other judicial or administrative
          proceedings which are pending or threatened against Vendor which might
          result in any adverse change in its financial condition or materially
          affect its assets or its ability to fully perform under this Agreement
          and/or repay Advances made hereunder; and
     
     g.   Vendor is not in default with respect to any indenture, loan
          agreement, mortgage, deed, or other similar agreement relating to the
          borrowing of monies to which it is a party or by which it is bound.

     Each Advance made by Affiliated to Vendor pursuant to this Agreement shall
constitute (i) an automatic warranty and representation by Vendor to Affiliated
that there does not then exist an Event of Default as defined in paragraph 10
below, and (ii) a reaffirmation as of the date said Advance was made that each
and every warranty and representation of Vendor contained in this section and
other sections of this Agreement are true and correct in all material respects,
except to the extent such representation or warranty specifically relates to an
earlier date.

8.   INDEMNITY.  Vendor shall defend, indemnify and hold Affiliated harmless
from and against any and all claims made by a lessee and any other third parties
howsoever arising, whether sounding in tort, contract, warranty, or otherwise,
and all reasonable expenses, including without limitation attorneys' fees and
court costs, arising after the date hereof and directly or indirectly arising
out of, connected with, or related in any manner to the equipment purchased from
Vendor or this Agreement.  Vendor shall also indemnify and hold harmless
Affiliated from any and all claims, demands, suits, judgments, causes of action,
and all reasonable expenses, including without limitation attorneys' fees and
court costs, arising as a result of Vendor's action or actions, performance or
nonperformance or any causes related to Vendors efforts to repair, recondition
and/or remarket any equipment purchased from Vendor.

9.   FINANCIAL REPORTING REQUIREMENTS.  In addition to the requirements set 
forth hereinabove, Vendor shall keep proper books of record and account in 
which full and true entries will be made of all dealings or transactions of 
or in relationship to the business and affairs of Vendor in accordance with 
generally accepted accounting principles consistently applied.  So long as 
any Advance is outstanding, the Vendor will furnish Affiliated as soon as 
available and in any event within 45 days after the end of each quarter, 
current balance sheets and statements of income and retained earnings, and 
such other information reporting the condition or operations, financial or 
otherwise, of the Vendor as Affiliated may reasonably request.

10.  EVENT OF DEFAULT.  An event of default shall occur hereunder if Vendor
under this Agreement:  (i) fails to make any payment required hereunder when
due; or (ii) shall suffer in the reasonable judgment of Affiliated a material
adverse change in its financial condition since the commencement of this
Agreement, and as a result thereof, Affiliated deems itself to be insecure; or
(iii) submits any financial statement or other document or information at any
time heretofore or hereafter to Affiliated which has 


<PAGE>


misstated or failed to state a material fact; or (iv) breaches any 
representation or warranty made or given by Vendor under this Agreement or in 
any document furnished to Affiliated in connection herewith, or any said 
representation or warranty shall be untrue or, by reason of failure to state 
a material fact or otherwise, shall be misleading; or (v) fails to perform or 
observe any nonmonetary covenant, condition or agreement to be performed or 
observed by Vendor hereunder and such failure or breach shall continue 
unremedied for a period of 10 days after the date of the earlier of (a) the 
date which Vendor obtains, or should have obtained, knowledge of such failure 
or breach or, (b) the date on which notice thereof shall be given by 
Affiliated to Vendor; or (vi) shall become insolvent or bankrupt or make any 
assignment for the benefit of creditors or consent to an appointment of a 
trustee or receiver; or (vii) a trustee or receiver shall be appointed for a 
substantial part of its property without its consent and shall continue for a 
period of 60 days; or (viii) a bankruptcy or reorganization or insolvency 
proceeding shall be instituted against Vendor and such bankruptcy or 
reorganization shall not be dismissed within 60 days (collectively, "Events 
of Default").  Upon the occurrence of an Event of Default, the outstanding 
Advances and all interest thereon and all other amounts payable hereunder 
shall be immediately due and payable without notice, presentment, demand, 
protest or other formalities of any kind, all of which are hereby expressly 
waived by the Vendor.

11.  AMENDMENTS.  No amendment or waiver of any provision of this Agreement or
the Note, nor consent to any departure by Vendor therefrom, shall in any event
be effective unless it is in writing and signed by Affiliated, and then such
waiver or consent is effective only in such specific instance and for the
specific purpose for which it was given.

12.  ATTORNEYS FEES AND EXPENSES.  Vendor hereby agrees that it shall reimburse
Affiliated, on demand, as part of its obligations under this Agreement, for any
and all reasonable out-of-pocket costs and expenses (including, without
limitation, the reasonable fees and expenses of any counsel, accountants,
appraisers, or other professionals) incurred by Affiliated at any time, in
connection with (a) any litigation, contest, dispute, suit, proceeding or action
(whether instituted by Affiliated, Vendor, or any other person) in any way
relating to this Agreement or the Note; (b) any attempt to enforce any rights of
Affiliated against Vendor; and (c) any other action taken by Affiliated which is
permitted to be taken by Affiliated in accordance with the terms hereof.

13.  STRICT COMPLIANCE.  Affiliated's failure at any time or times hereafter to
require strict performance by Vendor of any provision of this Agreement or the
Note should not waive, effect or diminish any right of Affiliated thereafter to
demand strict compliance and performance therewith.

14.  SUCCESSORS AND ASSIGNS.  This Agreement and the Note are binding on and
inure to the benefit of the Vendor and Affiliated and their respective
successors and assigns, except that THE VENDOR DOES NOT HAVE THE RIGHT TO ASSIGN
ITS RIGHTS OR OBLIGATIONS HEREUNDER WITHOUT THE PRIOR WRITTEN 


<PAGE>


CONSENT OF AFFILIATED.

15.  GOVERNING LAW.  THIS AGREEMENT HAS BEEN DELIVERED FOR ACCEPTANCE BY
AFFILIATED IN NORTHBROOK, ILLINOIS AND SHALL BE GOVERNED AND CONSTRUED IN
ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF ILLINOIS.

16.  NOTICES.  All notices and other communications provided for in this
Agreement will be in writing and mailed and delivered, if to the Vendor at the
address at 2283 Cosmos Ct., Carlsbad, California 92009, and if to Affiliated as
the address at 707 Skokie Blvd., Northbrook, Illinois 60062-2848, Attention:
Stuart Simon; or such other address as shall be designated by a party in 
a written notice to the other party.  All notices of communication shall, if
mailed, be effective when deposited in the mail.

     IN WITNESS WHEREOF, this Agreement has been duly executed as of the day and
year specified at the beginning hereof.


DATED: 2/28/96
       -----------------------


New Image Industries, Inc.             AFFILIATED CAPITAL CORP.



By:    /s/ Hal Orr                     By:    /s/ David Turner
       ---------------------------            ---------------------------

Title: CFO                             Title: Sr. Vice President
       ---------------------------            ---------------------------


<PAGE>


                            REVOLVING PROMISSORY NOTE

$200,000.00                                                    February 21, 1996

     FOR VALUE RECEIVED the undersigned, New Image Industries, Inc.,
("Promisor") of 2283 Cosmos Court, City of Carlsbad, State of California
promises to pay to Affiliated Capital Corp. ("Affiliated"), at 707 Skokie
Boulevard, in the City of Northbrook, State of Illinois, or such other place as
the holder of this Note may from time to time designate, the sum of Two Hundred
Thousand Dollars ($200,000.00) or, if less, the aggregate unpaid principal
amount of all Advances made by Affiliated to Promisor as shown either on the
grid schedule attached hereto (and any continuation thereof), or in the records
of Affiliated.  Promisor also agrees to pay interest from the date of each
Advance until paid in full, such interest to be due and payable at the end of
any 30-day Advance period, as may be extended at Affiliated's sole election, at
the rate per annum of zero percent (O%) computed on the basis of a three hundred
sixty (360) day year applied to the actual number of days elapsed.  Any amount
of principal and interest not paid in full on the respective Maturity Date will
bear additional interest at the rate of two percent (2%) per month or, if less,
at the highest legal rate, whether or not Affiliated elects to delay repayment
of that Advance.  All interest will be paid in arrears based upon average daily
outstanding balance, and may be deducted from any subsequent Advance.

     This Note is the Note referred to in and is entitled to the benefits of a
certain Lease Funding Agreement between Affiliated and Promisor dated as of
February 21, 1996 (the "Agreement").  Reference is hereby made to the Agreement
for a statement of the obligations of Promisor, and for a statement of the terms
and conditions under which the due date of this Note may be accelerated.  Upon
the occurrence of any event of default as specified in the Agreement, the
principal balance hereof and the interest accrued hereon may be declared to be
forthwith due and payable, and any indebtedness of Affiliated to Promisor may be
appropriated and applied hereon.  In addition, Affiliated has the right at any
time, in its sole, absolute and unconditional discretion, to declare this Note
due and payable in accordance with the Agreement.  All capitalized terms not
otherwise defined herein shall have the meanings ascribed to them in the
Agreement.

     Whenever any payment is due on a Saturday, Sunday or a public or bank
holiday in the state in which the payment is made, such payment shall be due on
the next succeeding business day.  All sums due hereunder shall be made to
Affiliated in immediately available funds at the address identified in paragraph
14 of the Agreement or such other address as Affiliated shall provided from time
to time.  The transfer of funds from Affiliated to Promisor will act as notice
to Promisor of an Advance made hereunder, with no further notice from Affiliated
required.

     Promisor waives presentment, protest, demand, and notice of dishonor.  No
renewal or extension of this Note, no release of collateral securing payment of
this 


<PAGE>


Note, and no delay in the enforcement of this Note or in exercising any right 
or power of Affiliated shall effect the liability of Promisor.  The defense 
of statute of limitations against any demands made by Affiliated is expressly 
waived by Promisor.

     In the event suit is commenced to enforce payment of this Note, the
undersigned agrees to
pay attorneys' fees and costs as a court in such action may adjudge reasonable.

     This Note shall be governed and construed in accordance with the laws of
the State of Illinois.  The parties agree that the federal or state courts in
Illinois are a proper forum and shall be the only forum for the resolution of
any and all disputes of any nature which may arise between the parties to this
Note.  No party to the Note shall attempt to change venue from a court in
Illinois to a court in any other jurisdiction.


New Image Industries, Inc.


By:    Hal Orr
       ---------------------------

Title: CFO
       ---------------------------


<PAGE>


                               GRID NOTE SCHEDULE


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