<PAGE>

                                                                   Exhibit 10.26

                              AMENDED AND RESTATED
                                      NOTE

$6,000,000                                                           Horsham, PA
                                                    Effective as of June 1, 2003

         FOR VALUE RECEIVED, CREATIVE MARKETING STRATEGIES, INC., a New Jersey
corporation, with an address of 15 East Centre Street, Woodbury, New Jersey
08096 ("Maker") unconditionally promises to pay to the order of NCO
TELESERVICES, INC. a Pennsylvania corporation or its permitted assignee, with an
address at 507 Prudential Road, Horsham, Pennsylvania, 19044 ("Payee"), the
principal sum of SIX MILLION DOLLARS ($6,000,000) (hereinafter referred to as
the "Loan" or the "Loan Amount"), lawful money of the United States of America,
together with interest from the date hereof, on the outstanding balance of the
Loan which resulted from a transaction under that certain Asset Purchase
Agreement dated October 27, 2000, by and between Maker and Payee (the"
Agreement"), and on the terms set forth herein. Any capitalized terms used but
not otherwise defined herein shall have the meaning given to such term in the
Agreement.

         1. Interest and Principal Payments. Notwithstanding the terms of the
Agreement:

                  a. Interest Rate. So long as the Loan or any portion thereof
is outstanding, this Note shall bear interest at the rate of five percent (5%)
per annum.

                  b. Principal and Interest Payments. Beginning on June 1, 2003
and continuing on the first day of each month for one hundred twenty (20)
consecutive months, Maker shall pay the amount of Sixty Three Thousand Six
Hundred Forty One Dollars ($63,641) on account of interest and principal on this
Note. Each such monthly payment shall be first applied to interest on the then
outstanding principal balance of this Note at the rate specified in Paragraph
I(a) hereof and the balance of each payment shall be applied to the reduction of
the outstanding principal balance. In the event any principal balance remains
outstanding after the application of such payments, the remaining balance shall
be paid in full on May 31, 2013 (the "Maturity Date").

                  c. Late Charge. Any payment not received by the close of
business on the tenth (10th) business day of each month shall incur a late
charge of five percent (5%) of the payment.

         2. Prepayment. Maker shall have the right to prepay this Note, in whole
or in part without premium or penalty, at any time. Any partial prepayment shall
not reduce the amount of and the monthly principal payment shall be recalculated
to reduce the amount of each remaining monthly principal payment due hereunder.

         3. Security and Subordination. In consideration of Payee's agreement to
reduce the Interest Rate and otherwise amend this Note, payment of this Note by
the Maker shall be secured by a second (2nd) lien on the Assets of Maker being
acquired by Maker from Payee pursuant to the Agreement, intended to be secured
by the filing of UCC Financing Statements forthwith with the appropriate state
and local offices. The Loan shall be subordinated (in all respects) only to bank
debt of Maker. By acceptance of this Note, Payee agrees to execute and deliver
such agreements and instruments as any such bank may require from time to time,
and to such amendments to or legends on this Note, pertaining to such
subordination.


<PAGE>

         4. Events of Default. Maker will be in default (an "Event of Default")
hereunder if any of the following happens: (a) Maker fails to make any payment
or principal or interest when due; (b) the Loan Amount is not repaid in full on
or before the Maturity Date; (c) the entry of decree or order for relief by a
court having jurisdiction over Maker in an involuntary case under the federal
bankruptcy laws, as now or hereafter constituted, or any other applicable
federal or state bankruptcy, insolvency, or other similar law, or appointing a
receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar
official) for Maker or for any substantial part of its property, or ordering the
winding up or liquidation of its affairs, and the continuance of any such decree
or order unstayed and in effect for a period of thirty (30) consecutive days;
(d) the commencement by Maker of a voluntary case under the federal bankruptcy
laws, as not constituted or hereafter amended, or any other applicable federal
or state bankruptcy, insolvency, or other similar law, the consent by Maker to
the appointment of or taking possession by a receiver, liquidator, assignee,
trustee, custodian, conservator, sequestrator (or other similar official) for
Maker or for any substantial part of its property, or the making by it of any
assignment for the benefit of creditors, or for the failure of Maker generally
to pay its debts as such debts become due, or the ordering of the winding-up or
liquidation of its affairs by Maker; (e) Maker shall merge its business with or
into any other entity and Maker is not the surviving entity; or (f) Maker shall
sell all or substantially all of its assets outside the ordinary course of its
business.

         5. Remedies: Default Rate. Upon the occurrence of an Event of Default,
the entire principal indebtedness evidenced hereby, together with all arrearages
of interest hereon and other sums due hereunder, if any, shall, at the option of
Payee, become due and payable immediately, without presentation, demand or
further action, (after such Event of Default and acceleration and until Maker's
indebtedness to Payee is paid in full, including the period following entry of
any judgment) at a rate which is four percent (4%) per annum in excess of the
rate herein specified (the "Default Rate"), together with all reasonable
attorney's fees for collection, then due by Maker to Payee and the payment of
same may be enforced and recovered by the entry of judgment on this Note and the
issuance of execution thereon.

         6. Remedies Cumulative. The remedies of Payee provided herein or
otherwise available to Payee at law or in equity including all warrants of
attorney may be pursued separately, successively or together at the sole
discretion of Payee, and may be exercised as often as occasion therefore shall
occur, and the failure to exercise any such right or remedy shall in no event be
construed as a waiver or release of the same.

         7. Assignment. Payee shall not negotiate or assign this Note to any
person or entity without Maker's prior written consent.

         8. Miscellaneous.

                  a. Maker waives presentment for payment, demand, notice of
demand, notice of nonpayment or dishonor, protest and notice of protest of this
Note, and all other notices in connection with the delivery, acceptance,
performance, default or enforcement of the payment of this Note. Liability
hereunder shall be unconditional and shall not be affected in any manner by any
indulgence, extension of time, renewal, waiver or modification granted or
consented to by Payee. The words "Payee" and "Maker" whenever occurring herein
shall be deemed and construed to include the respective permitted successors and
assigns of Payee and Maker.


<PAGE>

                  b. This Note shall be governed by and construed according to
the laws of the Commonwealth of Pennsylvania, Maker hereby consents to the
exclusive jurisdiction of the Court of Common Pleas of Montgomery County,
Pennsylvania in any and all actions or proceedings arising hereunder or pursuant
hereto.

                  c. Maker irrevocably as an independent covenant waives the
right to jury trial in any action or proceeding between Maker and Payee,

                  d. Caption headings in this Note are for convenience purposes
only and are not to be used to interpret or define the provisions of this Note.
If a court of competent jurisdiction finds any provision of this Note to be
invalid or unenforceable as to any person or circumstance, such finding shall
not render that provision invalid or unenforceable as to any other persons or
circumstances, and all provisions of this Note in all other respects shall
remain valid and enforceable.

                  e. Payee shall not be deemed, by any act of omission or
commission to have waived any of its rights or remedies hereunder unless such
waiver is in writing and signed by Payee, and then only to the extent
specifically set forth in writing. A waiver by Payee with respect to one event
shall not be construed as continuing or as a bar to or waiver of any right or
remedy with respect to a subsequent event.

                  f. So long as Maker's obligations hereunder remain
outstanding, Maker shall furnish Payee with quarterly financial statements and
within sixty (60) days following the end of its fiscal year, an audited
financial statement.

         IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has
executed this Note, under seal, the day and year first above written.



Date:    7/17       , 2003
     ---------------


                                             CREATIVE MARKETING STRATEGIES, INC.

                                             /s/ David DuCoin
                                             ----------------------------------
                                             Name: David DuCoin
                                             Title: President
<PAGE>

Loan Calculator                                                     Page 1 of 4


[GRAPHIC OMITTED]                                             [GRAPHIC OMITTED]

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Retirement     To solve a loan, enter the desired information and press
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               number of payments, payment amount, or interest rate. You can
Personal       only solve for 1 unknown at a time.
<TABLE>
<CAPTION>
<S>           <C>                                          <C>                 <C>                    <C>
Investment     Loan start date:                            05-01-2003          First payment date:     06-01-2003

               Loan Amount:                                $6,000,000.00

               Number of payments:                         120                 Payment period:         Monthly

               Payment amount:                             $63,639.31

               Interest rate:                              5.000%              Compounding period:     Monthly

               Points:                                     0.00%

               Fees:                                       $0.00

               Pre-paid interest days:                     0

               For Adjustable Rate Loans:

               Loan type:                                  Fixed Rate

               Maximum initial rate increase:              0.250%

               Maximum subsequent rate increases:          0.250%

               Rate cap:                                   8.900

               Initial rate period:                        6

               Subsequent rate adjustment interval:        6

               Would you like to print an amortization schedule? Yes


               Compute

               *NOTE: The last payment will be adjusted to $64,639.22 to account
                      for rounding.

               Be sure to press "Compute" before using the results.


               APR:                       5.000%
               Total amount financed:    $6,000,000.00
               Total payments:           $7,636,717.11
</TABLE>



<PAGE>

Finance charge                    $ 1,636,717.11

Amortization method:              Normal

*Finance charge includes points, fees, and pre-paid interest, if applicable.



Amortization Schedule Powered by TValue 01998-2003
<TABLE>
<CAPTION>
Event                        Date              Payment        Interest            Principal           Balance
<S>                          <C>            <C>             <C>             <C>                 <C>
Loan                         05-01-2003                                                          6,000,000.00
1                            06-01-2003      63,639.31       25,000.00            38,639.31      5,961,360.69
2                            07-01-2003      63,639.31       24,839.00            38,800.31      5,922,560.39
3                            08-01-2003      63,639.31       24,677.33            38,961.98      5,893,598.40
4                            09-01-2003      63,639.31       24,514.99            39,124.32      5,884,474.08
5                            10-01-2003      63,639.31       24,351.98            39,287.33      5,805,186.75
6                            11-01-2003      63,639.31       24,188.28            39,451.03      5,765,735.72
7                            12-01-2003      63,639.31       24,023.90            39,615.41      5,726,120.31
2003 Total                                  445,475.17      171,595.48           273,879.69

8                            01-01-2004      63,639.31       23,858.83            39,780.48      5,686,339.83
9                            02-01-2004      63,639.31       23,693.08            39,946.23      5,666,393.60
10                           03-01-2004      63,639.31       23,526.64            40,112.67      5,606,280.93
11                           04-01-2004      63,639.31       23,359.50            40,279.81      5,566,001.12
12                           05-01-3004      63,639.31       23,191.67            40,447.64      5,525.553.48
13                           06-01-2004      63,639.31       23,023.14            40,616.17      5,484,937.31
14                           07-01-2004      63,639.31       22,853.91            40,785.40      5,444,151.91
15                           00-01-2004      63,639.31       22,683.97            40,955.34      5,403,196.57
16                           09-01-2004      63,639.31       22,513.32            41,125.99      5,362,070.58
17                           10-01-2004      63,639.31       22,341.96            41,297.35      5,320,773.23
18                           11-01-2004      63,639.31       22,169.89            41,469.42      5,279.303.81
19                           12-01-2004      63,639.31       21,997.10            41,642.21      5,237,661.60
2004 Total                                  763,671.72      275,213.01           488,458.71

20                           01-01-2005      63,639.31       21,823.59            41,815.72      5,195,845.88
21                           02-01-2005      63,639.31       21,649.36            41,989.95      5,153,855.93
22                           03-01-2005      63,639.31       21,474.40            42,164.91      5,111,691.02
23                           04-01-2005      63,639.31       21,298.71            42,340.60      5,069,350.42
24                           O5-01-2005      63,639.31       21,122.29            42,517.02      5,026,833.40
25                           06-01-2005      63,639.31       20,945.14            42,694.17      4,984,139.23
2S                           07-01-2005      63,639.31       20,767.25            42,872.06      4,941,267.17
27                           08-01-2005      63,639.31       20,588.61            43,050.70      4,898,216.47
28                           09-01-2005      63,639.31       20,409.24            43,230.07      4,854,986.40
29                           10-01-2003      63,639.31       20,229.11            43,410.20      4,811,576.20
30                           11-01-2005      63,639.31       20,048.23            43,591.08      4,767,985.12
31                           12-01-2005      63,639.31       19,866.60            43,772.71      4,724,212.41
2005 Total                                  763,671.72      250,222.53           513,449.19

32                           01-01-2006      63,639.31       19,684.22            43,955.09      4,680,257.32
33                           02-01-2006      63,639.31       19,501.07            44,138.24      4,636,119.08
34                           03-O1-2006      63,639.31       19,317.16            44,322.l5      4,591,796.93
33                           04-01-2006      63,639.31       19,132.49            44,506.92      4,547,290.11
36                           05-O1-2006      63,639.31       18,947.04            44,692.27      4,502,597.84
37                           06-01-2006      63,639.31       18,760.82            44,878.49      4,457,719.35
38                           07-01-2006      63,639.31       18,573.83            45,O65.48      4,412,653.87
39                           08-01-2006      63,639.31       18,386.06            45,253.25      4,367,400.62
40                           09-01-2006      63,639.31       18,197.50            45,441.81      4,321,950.81
41                           10-01-2006      63,639.31       18,008.16            45,631.l5      4,276,327.66
42                           11-01-2006      63,639.31       17,818.03            45,821.28      4,230,506.38
43                           12-01-2006      63,639.31       17,627.11            46,012.20      4,184,494.18
2006 Total                                  763,671.72      223,953.49           539,718.23

44                           01-01-2007      63,639.31       17,435.39            46,203.92      4,138,290.26
45                           02-01-2007      63,639.31       17,242.88            46,396.43      4,091,893.83
46                           03-01-2007      63,639.31       17,049.56            46,589.75      4,045,304.08
47                           04-01-2007      63,639.31       16,855.43            46,783.88      3,998,520.20
48                           05-01-2007      63,639.31       16,660.50            46,978.81      3,951,541.39
49                           06-01-20O7      63,639.31       16,464.76            47,174.55      3,904,366.04
50                           07-01-2007      63,639.31       16,268.20            47,371.11      3,856,995.73
51                           08-01-2007      63,639.31       16,070.82            47,568.49      3,809,427.24
52                           09-01-2007      63,639.31       15,872.61            47,766.70      3,761,660.54
53                           10-01-2007      63,639.31       15,673.59            47,965.72      3,713,694.82
54                           11-01-2007      63,639.31       15,473.73            48,165.58      3,665,529.24
55                           12-01-2007      63,639.31       15,213.04            48,366.27      3,617,162.97
2007 Total                                  763,671.72      196,340.51           567,331.21

56                           01-01-2008      63,639.31       15,071.5l            48,567.80      3,568,595.17
57                           02-01-2008      63,639.31       14,869.15            48,770.16      3,519,825.01
</TABLE>


<PAGE>
Loan Calculator
<TABLE>
<CAPTION>
<S>                          <C>            <C>             <C>                  <C>            <C>
58                           03-01-2008      63,639.31       14,665.94            48,973.37      3,470,851.64
59                           04-01-2008      63,639.31       14,461.88            49,177.43      3,421,674.21
60                           05-01-2008      63,639.31       14,256.98            49,382.33      3,372,291.88
61                           06-01-2008      63,639.31       14,051.22            49,588.09      3,322,703.79
62                           07-01-2008      63,639.31       13,844.60            49,794.71      3,272,909.08
63                           08-01-2008      63,639.31       13,637.12            50,002.19      3,222,906.89
64                           09-01-2008      63,639.31       13,428.78            50,210.53      3,172,696.36
65                           10-01-2008      63,639.31       13,219.57            50,419.74      3,122,276.62
66                           11-01-2008      63,639.31       13,009.49            50,629.82      3,071,646.80
67                           12-01-2008      63,639.31       12,798.53            50,840.78      3,020,806.02

Amortization Schedule Powered by Tvaluo 01998-2003
Event                        Date              Payment        Interest            Principal           Balance
2008 Total                                  763,671.72      167.314.77           596,356.95

68                           01-01-2009      63,639.31       12,586.69            51,052.62      2,969,753.40
69                           02-01-2009      63,639.31       12,373.97            51,265.34      2,918,488.06
70                           03-01-2009      63,639.31       12,160.37            51,478.94      2,867,009.12
71                           04-01-2009      63,639.31       11,945.87            51,693.44      2,815,315.63
72                           05-01-2009      63,639.31       11,730.48            51,908.83      2,763,406.95
73                           06-01-2009      63,639.31       11,514.20            52,125.11      2,711,281.74
74                           07-01-2009      63,639.31       11,297.01            52,342.30      2,658,939.44
75                           08-01-2009      63,639.31       11,078.91            52,560.40      2,606,379.04
76                           09-01-2009      63,639.31       10,859.91            52,779.40      2,553,599.64
77                           10-01-2003      63,639.31       10,640.00            52,999.31      2,500,600.33
78                           11-01-2009      63,639.31       10,419.17            53,220.14      2,447,380.19
79                           12-01-2009      63,639.31       1O,197.42            53,441.89      2,393,938.30
2009 Total                                 7,63,671.72      136,804.00           626,867.72

80                           01-01-2010      63,639.31        9,974.74            53,664.57      2,340,273.73
81                           02-01-2010      63,639.31        9,751.14            53,888.17      2,286,385.56
82                           03-01-2010      63,639.31        9,526.61            54,112.70      2,232,272.86
83                           04-01-2010      63,639.31        9,301.14            54,338.17      2,177,934.69
84                           O5-01-2010      63,639.31        9,074.73            54,564.58      2,123,370.11
85                           06-01-2010      63,639.31        8,847.38            54,791.93      2,068,578.18
86                           07-01-2010      63,639.31        8,619.08            55,020.23      2,013,557.95
87                           08-01-2010      63,639.31        8,389.82            55,249.49      1,958,308.46
88                           09-01-2010      63,639.31        8,159.62            55,479.69      1,902,828.77
89                           10-01-2010      63,639.31        7,928.45            55,710.86      1,847,117.91
90                           11-01-2010      63,639.31        7,695.32            55,942.99      1,791,174.92
91                           12-01-2010      63,639.31        7,463.23            56,176.08      1,734,998.84
2010 Total                                  763,671.72      104,732.26           658,939.46

92                           01-01-2011      63,639.31        7,229.16            56,410.15      1,678,588.69
93                           02-01-2011      63,639.31        6,994.12            56,645.19      1,621,943.50
94                           03-01-2011      63,639.31        6,758.10            56,881.21      1,565,062.29
95                           04-01-2011      63,639.31        6,521.09            57,118.22      I,507,944.07
96                           05-01-2011      63,639.31        6,283.10            57,356.21      1,450,587.86
97                           06-01-2011      63,639.31        6,044.12            57,595.19      1,392,992.67
98                           07-01-2011      63,639.31        5,804.14            57,835.17      1,335,157.50
99                           08-01-2011      63,639.31        5,563.16            58,076.15      1,277,081.35
100                          09-01-2011      63,639.31        5,321.17            58,318.14      1,218,763.21
101                          10-01-2011      63,639.31        5,078.18            58,561.13      1,160,202.08
102                          11-01-2011      63,639.31        4,834.18            58,805.13      1,101,396.95
103                          12-01-2011      63,639.31        4,589.15            59,050.16      1,042,346.79
2011 Total                                  763,671.72       71,019.67           692,652.05

104                          01-01-2012      63,639.31        4,343.11            59,296.20        983,050.59
105                          02-01-2012      63,639.31        4,096.04            59,543.27        923,507.32
106                          03-01-2012      63,639.31        3,847.95            59,791.36        863,715.96
107                          04-01-2012      63,639.31        3,598.82            60,040.49        803,675.47
108                          05-01-2012      63,639.31        3,348.65            60,290.66        743,384.81
109                          06-01-2012      63,639.31        3,097.44            60,541.87        682,842.94
110                          07-01-2012      63,639.31        2,845.18            60,794.13        622,048.81
1ll                          08-01-2012      63,639.31        2,591.87            61,047.44        561,001.37
112                          09-01-2012      63,639.31        2,337.5l            61,301.80        499,699.57
113                          10-01-2012      63,639.31        2,082.08            61,557.23        438,142.34
114                          11-01-2012      63,639.31        1,825.59            61,813.72        376,328.62
115                          12-01-2012      63,639.31        1,568.04            62,071.27        314,257.35
2012 Total                                  763,671.72       35,582.28           728,089.44

116                          01-01-2013      53,639.31        1,309.41            62,329.90        251,927.45
117                          02-01-2013      63,639.31        1,049.70            62,589.61        189,337.84
118                          03-01-2013      63,639.31          788.91            62,850.40        126,487.44
119                          04-01-2013      63,639.31          527.03            63,112.28         63,375.16
120                          05-01-2013      63,639.22          264.06            63,375.16
2013 Total                                  318,196.46        3,939.11           314,257.35

Grand Total                               7,635,717.11    1,636,717.11         6.000,000.00
</TABLE>