Exhibit 10(u)


                            IDL HOLDINGS LIMITED

                      NON-NEGOTIABLE SUBORDINATED NOTE

$3,714,285                                              Toronto, Canada
(Canadian Dollars)                                         June 2, 2000

     FOR VALUE RECEIVED, the undersigned, IDL HOLDINGS LIMITED, a corporation
incorporated pursuant to the laws of the Province of Nova Scotia (together with
its successors, the "Corporation"), hereby promises to pay to Instachange
Displays Limited, a corporation incorporated pursuant to the laws of the
Province of Ontario (together with its successors and permitted assigns, the
"Holder"), at the Holder's office at 7 Alm Court, Aurora, Ontario, L4G 6W7, the
aggregate principal amount of Three Million Seven Hundred Fourteen Thousand Two
Hundred Eighty Five Canadian Dollars ($3,714,285) on the payment date stated in
Section 1.2 hereof. Certain capitalized terms are used in this Note as defined
in Article 6. UNLESS OTHERWISE INDICATED HEREIN, ALL REFERENCES TO CURRENCY
SHALL BE TO THE CANADIAN DOLLAR.

                                 ARTICLE I
                                  PAYMENT

     1.1.  Interest. Subject to Article 3, the outstanding principal amount of
this Note shall bear interest (computed on the basis of a 365 or 366 day year,
as the case may be) at a rate equal to eight percent (8%) per annum from (but
excluding) the date hereof to (and including) the Maturity Date. Subject to
Article 3, such interest shall be payable (i) annually in arrears, with respect
to each fiscal year of the Corporation (or portion thereof) on the 120th day
following the end of such Corporation's fiscal year (or portion thereof)
("Interest Payment Dates"), commencing with the fiscal year ending December 31,
2000, and (ii) on the Maturity Date.

     1.2  Principal. Subject to Article 3, the Corporation shall pay, on the
Maturity Date, the principal on this Note equal to $3,714,285, or such lesser
principal amount then outstanding on this Note.

     1.3  Business Days. Whenever payment of principal of, or interest on, this
Note shall be due on a date that is not a Business Day, the date for payment
thereof shall be the next succeeding Business Day and interest due on the unpaid
principal and any other Amounts Payable hereunder shall accrue during such
extension and shall be payable on such succeeding Business Day.

                                 ARTICLE II
                            PREPAYMENTS; SET-OFF

     2.1  Optional Prepayment. The Corporation shall have the right to prepay
the principal amount of this Note in whole or in part at any time, or from
time to time, without payment of any premium or penalty whatsoever, together
with interest thereon accrued to the date of prepayment, and any such prepayment
shall be applied to reduce the Corporation's principal payment obligations under
Section 1.2 in the order of maturity of such payment obligations; provided,
however, that so long as any Senior Indebtedness remains outstanding and unpaid,
any commitment to provide Senior Indebtedness is outstanding, or any other
amount is owing to the holders of Senior Indebtedness, this Note may not be
prepaid in whole or in part, without the written consent of the holders of
Senior Indebtedness.

     2.2  Mandatory Prepayment. Subject to the provisions of Article V, in the
event of (a) a transfer of a majority of the voting stock of the Corporation by
its current holders, or a transfer of a majority of the voting stock of an
Affiliate or Affiliates that control the Corporation, whether directly or
indirectly by way of amalgamation, merger or reorganization, to persons other
than an Affiliate, (b) a sale of all or substantially all of the assets of the
Corporation, constituting a sale of the entire business of the Corporation, to
persons other than an Affiliate, or (c) in the event of the listing of the stock
of the Corporation for trading on a recognized stock exchange in North America,
then this Note and all Amounts Payable hereunder shall mature and become due and
payable in full within 120 days following the occurrence of such transfer.

     2.3  Set-off. The Corporation shall be entitled to set-off and reduce any
Amounts Payable hereunder for any obligations or liabilities of the Holder to
the Corporation or any claims by the Corporation against the Holder or any party
agreeing not to compete under the Purchase Agreement or the Noncompetition
Agreements. The Holder, by accepting this Note, hereby acknowledges and agrees
to the foregoing provisions and any subsequent transferee or successor shall by
becoming such transferee or successor be bound by the foregoing.


<PAGE>


                                ARTICLE III
                               FREE CASH FLOW

     3.1  Payment Limitation. Notwithstanding any other provision of this Note,
the Corporation shall only be required to pay interest, principal or any other
Amounts Payable in respect of this Note if and to the extent the Corporation's
Free Cash Flow for the Corporation's fiscal year immediately preceding the
required payment date is sufficient and available to make such payment. If the
Corporation's Free Cash Flow for such fiscal year is not sufficient to make such
payments, then such payments shall be made only to the extent of available Free
Cash Flow and the balance of such payment obligation under this Note will be
deferred until the Corporation's Free Cash Flow would permit payment under this
Article 3, and such deferral of payment will not be an Event of Default under
this Note, provided that the Maturity Date will not be deferred under this
Article 3 for more than two years, at which time, all principal of, interest on
and other Amounts Payable in respect of this Note will be due and payable.

     3.2  Interest Limitation. If, as a result of Section 3.1, the Corporation
does not pay interest on an Interest Payment Date, then such interest will be
deferred (and not bear interest) and be paid at the Maturity Date; provided,
that the amount of such deferred interest in the aggregate will not exceed an
amount equal to the interest that would accrue on the initial principal amount
of this Note for two years ("Maximum Interest"). Any deferred interest that
exceeds the Maximum Interest will not accrue or be payable under this Note and
will be automatically eliminated.

     3.3  Principal and Amounts Payable Deferral. If, as a result of Section
3.1, the Corporation does not pay principal or any other Amounts Payable (other
than interest) on any required payment date, then such principal and Amounts
Payable will be deferred (and not bear interest) and be paid at the Maturity
Date.

     3.4  Allocation. If the Corporation's Free Cash Flow for any fiscal year
is available to pay some, but not all, of the required payments, then such
available Free Cash Flow will be allocated first to required principal payments,
second to required interest payments, and then to required payments of any other
Amounts Payable.

                                 ARTICLE IV
                                  DEFAULTS

     4.1 Events of Default. If one or more of the following events ("Events of
 Default") shall have occurred and be continuing:

          (a)  the Corporation shall fail to pay within ten Business Days of the
     due date thereof any principal of this Note or shall fail to pay within ten
     Business Days of the due date thereof any interest or any other Amounts
     Payable hereunder and the same shall not have been cured within 30 days
     after written notice thereof has been given by the Holder to the
     Corporation;

          (b)  if a decree or order of a court of competent jurisdiction is
     entered adjudging the Corporation a bankrupt or insolvent or approving as
     properly filed a petition application or other proceeding with respect to
     the winding-up of the Corporation under the Companies' Creditors
     Arrangement Act (Canada), the Bankruptcy and Insolvency Act (Canada) or the
     Winding Up and Restructuring Act (Canada) or any other bankruptcy,
     insolvency or analogous laws or issuing sequestration or process of
     execution against any substantial part of the assets of the Corporation or
     ordering the winding up or liquidation of its affairs, and any such decree
     or order continues unstayed and in effect for a period of 10 days.

          (c)  if the Corporation becomes insolvent, makes any assignment in
     bankruptcy or makes any other assignment for the benefit of creditors, or
     initiates any application or other proceeding under the Bankruptcy and
     Insolvency Act (Canada) or any comparable law, seeks relief under the
     Companies' Creditors Arrangement Act (Canada), the Winding Up and
     Restructuring Act (Canada) or any other bankruptcy, insolvency or analogous
     law, is adjudged bankrupt, files a petition or proposal to take advantage
     of any act of insolvency, consents to or acquiesces in the appointment to a
     trustee, receiver, receiver and manager, interim receiver, custodian,
     sequestrator or other person with similar powers of itself or of all or any
     substantial portion or its assets, or files a petition or otherwise
     commences any proceedings seeking any reorganization, arrangement,
     composition or readjustment under any applicable bankruptcy, insolvency,
     moratorium, reorganization or other similar law affecting creditors' rights
     or consents to, or acquiesces in, the filing of such petition;


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<PAGE>

          (d)  if proceedings are commenced for the dissolution, liquidation, or
     winding up of Holdings, or for the suspension of operations of the
     Corporation unless such proceedings are being actively and diligently
     contested in good faith;

then, and in every such event, subject to the provisions of Article 5, the
Holder may, by notice to the Corporation and to the holders of Senior
Indebtedness, declare the principal amount of this Note together with accrued
interest thereon, to be, and such portions of the principal amount of this Note
(and accrued interest thereon) shall thereupon become, due and payable on the
tenth Business Day following delivery of such notice to the Corporation and to
the holders of Senior Indebtedness without presentment, demand, protest or
further notice of any kind, all of which are hereby waived by the Corporation,
provided, however, that the Event of Default specified in paragraph (a) will be
subject to Article 3.

                                 ARTICLE V
                               SUBORDINATION

     5.1  Loans Subordinated to Senior Indebtedness. Notwithstanding any
provision of this Note to the contrary, the Corporation covenants and agrees,
and the Holder by acceptance of this Note likewise covenants and agrees, that
all Amounts Payable shall be subordinated to the extent set forth in this
Article 5 to the prior payment in full, in cash or cash equivalents satisfactory
to the holders of Senior Indebtedness, of all Senior Indebtedness. This Article
5 shall constitute a continuing offer to and covenant with all persons who
become holders of, or continue to hold, Senior Indebtedness (irrespective of
whether such Senior Indebtedness was created or acquired before or after the
issuance of this Note). The provisions of this Article 5 are made for the
benefit of all present and future holders of Senior Indebtedness (and their
successors and assigns), and shall be enforceable by them directly against the
Holder.

     5.2  Priority and Payment Over of Proceeds in Certain Events.

          (a)  Upon any payment or distribution of assets of the Corporation,
     whether in cash, property, securities or otherwise, in the event of any
     dissolution, winding up or total or partial liquidation, reorganization,
     arrangement, adjustment, protection, relief or composition, or assignment
     for the benefit of creditors of the Corporation, whether voluntary or
     involuntary or in bankruptcy, insolvency, receivership, reorganization,
     relief or other proceedings or upon an assignment for the benefit of
     creditors or any other marshalling of all or part of the assets and
     liabilities of the Corporation (the foregoing events herein collectively
     referred to as an "Insolvency Event"), all Senior Indebtedness shall first
     be paid in full, in cash, or payment provided for in cash equivalents in a
     manner satisfactory to the holders of Senior Indebtedness, before the
     Holder shall be entitled to receive any payment or distribution of assets
     of the Corporation relating to any Amounts Payable. Upon any Insolvency
     Event, any payment or distribution of assets of the Corporation, whether in
     cash, property, securities or otherwise, to which the Holder would be
     entitled relating to any Amounts Payable other than pursuant to the
     provisions of this Article 5, shall be made by the Corporation or by any
     receiver, trustee in bankruptcy, liquidating trustee, agent or other person
     making such payment or distribution, directly to the holders of the Senior
     Indebtedness or their representatives for application to the payment or
     prepayment of all such Senior Indebtedness in full after giving effect to
     any concurrent payment or distribution to the holders of such Senior
     Indebtedness.




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<PAGE>

          (b)  If (x) there has occurred and is continuing a default in the
     payment of all or any portion of any Senior Indebtedness, unless and until
     such default shall have been cured or waived, the Corporation shall not
     make any payment on or with respect to any Amounts Payable or acquire this
     Note (or any portion thereof) for cash, property, securities or otherwise;
     or (y) an event (not involving the non-payment of any Senior Indebtedness)
     shall have occurred or, with the giving of notice, or passage of time, or
     both, would occur, that would allow holders of any Senior Indebtedness to
     accelerate or otherwise demand the payment thereof, and any holders of the
     Senior Indebtedness give notice of such event to the Corporation (the date
     that such notice is received by the Corporation is the "Notice Date"), the
     Corporation shall not make any payment on or with respect to any Amounts
     Payable or acquire this Note (or any portion hereof) for cash, property,
     securities or otherwise during the period (the "Blockage Period")
     commencing on the Notice Date and ending on the earlier of (1) two years
     after the Notice Date if at the end of such two year period such event is
     not the subject of judicial proceedings and such Senior Indebtedness shall
     not have been accelerated, (2) the date such event is cured or waived to
     the satisfaction of the holders of the Senior Indebtedness, or (3) the date
     the holders of such Senior Indebtedness shall have given notice to the
     Corporation of the voluntary termination of the Blockage Period. By virtue
     of accepting this Note and the benefits hereof, during any time period
     during which payment of any part of Amounts Payable due under this Note is
     prohibited by any of the terms of this Note, the Holder shall not be
     entitled, and will not take any action, including any judicial process, to
     accelerate, demand payment or enforce any Indebtedness in respect of this
     Note or any other claim with regard to any Amounts Payable.

          (c) If, notwithstanding the foregoing provisions prohibiting payments
     or distributions, the Holder shall have received any payment of, or on
     account of, any Amounts Payable that was deferred pursuant to Article 3 or
     prohibited by this Article 5, before all Senior Indebtedness shall have
     been paid in full, in cash or cash equivalents satisfactory to the holders
     of the Senior Indebtedness, then and in such event such payments or
     distributions shall be received and held in trust for the holders of the
     Senior Indebtedness and promptly paid over or delivered to the holders of
     the Senior Indebtedness remaining unpaid thereof to the extent necessary to
     pay in full, in cash or cash equivalents satisfactory to the holders of the
     Senior Indebtedness, such Senior Indebtedness in accordance with its terms
     after giving effect to any concurrent payment or distribution to the holder
     of such Senior Indebtedness; provided, that any such payment which is, for
     any reason, not so paid over or delivered shall be held in trust by the
     Holder for the holders of Senior Indebtedness.

          (d)  So long as any Senior Indebtedness remains outstanding, or the
     commitment to make credit extensions of said Senior Indebtedness shall not
     have been terminated, the Holder will not be entitled to take, demand, or
     receive, directly or indirectly, by setoff, redemption, purchase or in any
     manner, any voluntary prepayment or other payment of any Amounts Payable in
     amounts or in a manner which are deferred pursuant to Article 3 or are in
     violation of the provisions of this Article 5.

          (e) Upon any payment or distribution of assets referred to in Section
     5.2(a), the Holder shall be entitled to rely upon any order or decree of a
     court of competent jurisdiction in which such dissolution, winding up,
     liquidation or reorganization proceedings are pending, and upon a
     certificate of the receiver, trustee in bankruptcy, or liquidating trustee
     delivered to the Holder for the purpose of ascertaining the persons
     entitled to participate in such distribution of assets, the holders of
     Senior Indebtedness and other Indebtedness of the Corporation, the amount
     thereof or payable thereon, the amount or amounts paid or distributed
     thereon and all other facts pertinent thereto or to this Article 5.

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<PAGE>

          5.5  Rights of Holders of Senior Indebtedness Not To Be Impaired, etc.

               (a)  No right of any present or future holder of any Senior
          Indebtedness to enforce the subordination and other terms and
          conditions provided herein shall at any time in any way be prejudiced
          or impaired by any act or failure to act by any such holder, or by any
          noncompliance by the Corporation, with the terms and provisions and
          covenants herein regardless of any knowledge thereof that any such
          holder may have or otherwise be charged with.

               (b)  Article 3 and this Article 5 may not be amended without the
          written consent of each holder of the Senior Indebtedness and of the
          Holder, and any purported amendment without such consent shall be
          void. No holder of Senior Indebtedness shall be prejudiced in such
          holder's right to enforce the subordination and other terms and
          conditions of this Note by any act or failure to act by the
          Corporation or anyone in custody of its assets or property.

     5.4  Subrogation. Subject to and upon the payment in full, in cash or cash
equivalents satisfactory to the holders of the Senior Indebtedness, of all
Senior Indebtedness, the Holder shall be subrogated, to the extent of payments
or distributions made to the holders of Senior Indebtedness pursuant to or by
reason of this Article 5, to the rights of the holders of such Senior
Indebtedness to receive payments or distributions of assets of the Corporation
made on such Senior Indebtedness until all amounts due under this Note shall be
paid in full; and for the purposes of such subrogation, no payments or
distributions to holders of such Senior Indebtedness of any cash, property or
securities to which the Holder would be entitled except for the provisions of
this Article 5, and no payment over pursuant to the provisions of this Article 5
to holders of such Senior Indebtedness by the Holder, shall, as among the
Corporation, its creditors (other than holders of such Senior Indebtedness) and
the Holder be deemed to be a payment by the Corporation to or on account of such
Senior Indebtedness, it being understood that the provisions of this Article 5
are solely for the purpose of defining the relative rights of the holders of
such Senior Indebtedness, on the one hand, and the Holder, on the other hand.

     5.5 Obligations of the Corporation Unconditional. Nothing contained in this
Note is intended to or shall impair, as between the Corporation and the Holder,
the obligation of the Corporation, which is absolute and unconditional, to pay
to the Holder all Amounts Payable, as and when the same shall become due and
payable in accordance with their terms, or to affect the relative rights of the
Holder and other creditors of the Corporation (other than the holders of Senior
Indebtedness), except as provided in Section 5.2(b).

     5.6  Article 5 Not To Prevent Events of Default. The failure to make a
payment of any Amounts Payable by reason of any provision of this Article 5
shall not be construed as preventing the occurrence of an Event of Default under
Section 4.1 hereof, except as provided in Section 5.2(b).

     5.7  Additional Rights of Holders of Senior Indebtedness. If the Senior
Indebtedness has not been paid in full, in cash or cash equivalents satisfactory
to the holders of Senior Indebtedness, at a time in which the Corporation is
subject to an Insolvency Event, (a) the holders of the Senior Indebtedness are
hereby irrevocably authorized, but shall have no obligation, to demand, sue for,
collect and receive every payment or distribution received in respect of any
such Insolvency Proceeding and give acquittance therefor and to file claims and
proofs of claim, as their interests may appear, and (b) the Holder shall duly
and promptly take, for the account of the holders of the Senior Indebtedness, as
their interests may appear, such actions as the holders of the Senior
Indebtedness may request to collect and receive all Amounts Payable by the
Corporation in respect of this Note and to file appropriate claims or proofs of
claim in respect of this Note. Upon request by the Corporation, the Holder of
this Note shall deliver to the holders of Senior Indebtedness or parties
contemplating becoming holders of Senior Indebtedness a written statement
confirming that (i) the provisions (including the subordination provisions) of
this Note are in full force and effect; and (ii) that such party is or will be
entitled to rely upon and enjoy the benefits of the provisions (including the
subordination provisions) of this Note as a holder of Senior Indebtedness.


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<PAGE>

     5.8  Senior Indebtedness Changes. By virtue of accepting this Note and the
benefits hereof, the Holder hereby waives any and all notice of renewal,
extension or accrual of any of the Senior Indebtedness, present or future, and
agrees and consents that without notice to or consent of the Holder: (a) the
obligations and liabilities of the Corporation or any other party or parties
under the Senior Indebtedness may, from time to time, in whole or in part, be
renewed, refinanced, replaced, extended, refunded, modified, amended,
accelerated, compromised, supplemented, terminated, increased, decreased, sold,
exchanged, waived or released; (b) the holders of Senior Indebtedness and their
representatives may exercise or refrain from exercising any right, remedy or
power granted by any document creating, evidencing or otherwise related to the
Senior Indebtedness or at law, in equity, or otherwise, with respect to the
Senior Indebtedness or in connection with any collateral security or lien (legal
or equitable) held, given or intended to be given therefor (including, without
limitation, the right to perfect any lien or security interest created in
connection therewith); (c) any and all collateral security and/or liens (legal
or 7 equitable) at any time, present or future, held, given or intended to be
given for the Senior Indebtedness, and any rights or remedies of the holders of
Senior Indebtedness and their representatives in respect thereof, may, from time
to time, in whole or in part, be exchanged, sold, surrendered, released,
modified, perfected, unperfected, waived or extended by the Holders and their
representatives; (d) any balance or balances of funds with any holder of Senior
Indebtedness at any time standing to the credit of the Corporation or any
guarantor of any of the Senior Indebtedness may, from time to time, in whole or
in part, be surrendered or released, all as the holders of Senior Indebtedness,
their representatives or any of them may deem advisable and all without
impairing, abridging, diminishing, releasing or affecting the subordination to
the Senior Indebtedness provided for herein; and (e) the Corporation may incur
any amount or type of Senior Indebtedness (including Senior Indebtedness owed to
Affiliates), or modify, restate, refinance, replace or amend any Senior
Indebtedness from time to time, on terms and conditions acceptable to the
Corporation, without notice to or approval by the Holder.

     5.9  Waivers. In the event the holders of Senior Indebtedness elect to
exercise their remedies to liquidate any collateral given to secure the Senior
Indebtedness, the Holder hereby waives any right it may have to contest the
validity of or the value obtained as a result of the exercise of remedies by the
holders of Senior Indebtedness, including, but not limited to, a foreclosure, a
sale pursuant to the Personal Property Security Act (Ontario) or the acceptance
by the holders of Senior Indebtedness in lieu of foreclosure. The Holder further
waives any right it may have either in or out of any bankruptcy or similar
proceeding to challenge any action taken by the holders of Senior Indebtedness
as either a preference or fraudulent conveyance and further agrees not to take
any active role in such a proceeding other than the filing of claim in any such
proceeding, which claim shall be subordinate (to the extent set forth above) to
the claims of the holders of Senior Indebtedness.

                                 ARTICLE VI
                                DEFINITIONS

     For purposes of this Note, the following terms have the meanings set forth
below.

     "Affiliate" means Jordan Industries, Inc. and its respective direct and
indirect Subsidiaries, and any other person that directly, or indirectly through
one or more intermediaries, controls or is controlled by or is under common
control with them.

     "Amounts Payable" means all principal of, interest on, premium, if any,
fees, costs, expenses, indemnities or any other amounts due from the Corporation
under this Note, and all claims against or liabilities of the Corporation in
respect of this Note.

     "Business Day" means any day except a Saturday, Sunday or other days on
which commercial banks in New York City are required or authorized by law to
close.


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<PAGE>

     "Capital Expenditures" means the capital expenditures of the Corporation,
determined in accordance with generally accepted accounting principles,
consistently applied.

     "Closing Date" means the date on which the transactions contemplated by the
Purchase Agreement are consummated.

     "Default" means any condition or event that constitutes an Event of Default
or that with notice or lapse of time or both would, unless cured or waived,
become an Event of Default.

     "Free Cash Flow" means, for any period, (i) the consolidated net income
(or net deficit) of the Corporation and its subsidiaries (excluding,
however, (A) all extraordinary and other non-recurring items of income, but
not loss, and (B) all interest income as reflected in the Corporation's
financial statements); plus (ii) interest (including deferred financing
fees and expense) and other expense in respect of the Corporation's
Indebtedness (including intercompany Indebtedness or Indebtedness owed to
Affiliates) charged, accrued or otherwise allocated against such net
income; plus (iii) expenses for amortization charged, accrued or otherwise
allocated against such net income; plus (iv) expenses for depreciation
(including increased depreciation and increased inventory values resulting
from purchase accounting in connection with acquisitions and business
combinations) charged, accrued or otherwise allocated against such net
income; plus (v) any reductions in Working Capital from the beginning to
the end of such period; minus (vi) payments of interest and principal on
Indebtedness (other than required interest and principal payments on this
Note) paid or accrued during such period or otherwise payable on the
applicable payment date, provided, however, the aggregate amount of the
principal payments on the Senior Indebtedness included in this subpart (vi)
shall be deemed to equal the amount set forth in Exhibit A hereto for the
referenced period in question (even if different amounts may be paid during
such period); minus (vii) any increases in Working Capital from the
beginning to the end of such period; minus (viii) Capital Expenditures
during such period. Free Cash Flow will reflect selling, general and
administrative expense, general and overhead, directly related to the
Corporation and allocated to the Corporation by its Affiliates, together
with a management fee which shall not exceed one percent (1%) of the net
sales of the Corporation for each relevant period. In calculating Free Cash
Flow, interest on any Indebtedness owed by the Corporation to an Affiliate
shall not exceed 101/4% per annum. Free Cash Flow will be determined by the
Corporation's Board of Directors by reference to the Corporation's
financial statements, prepared in accordance with generally accepted
accounting principles, consistently applied.

     "Indebtedness" means the principal, interest (including any interest
accruing subsequent to an event specified in Section 4.1(b) or Section
4.1(c) at the rate specified in the applicable contract whether or not a
claim for such interest is allowed in any such proceeding or case),
premium, if any, fees (including, without limitation, any commitment,
agency, facility, structuring, restructuring or other fee), costs,
expenses, indemnities and other amounts due on or in connection with any
indebtedness (including, without limitation, Senior Indebtedness), whether
or not contingent, in respect of borrowed money or evidenced by bonds,
notes, debentures or similar instruments or letters of credit (or
reimbursement agreements in respect thereof) or representing the deferred
and unpaid balance of the purchase price of any property (including
pursuant to capital leases), and any financial hedging obligations, if and
to the extent such indebtedness (other than a financial hedging obligation)
would appear as a liability upon a balance sheet of any person or entity
prepared on a consolidated basis in accordance with generally accepted
accounting principles, other than a trade payable or accrued expense, and
also includes, to the extent not otherwise included, the guarantee by any
person or entity of items that would be included within this definition.

     "Maturity Date" means the date that is 120 days from June 2, 2005 subject
to extension to a later date as provided by the terms of this Note, but in no
event shall it mean a date later than 120 days from June 2, 2007.

     "Noncompetition Agreements" means the Noncompetition Agreements between the
Corporation and each of Richard E. H. Kenney, Carol L. Kenney, The Kenney Family
Trust, Instachange Displays Limited and Piquet Display Systems, Inc. dated as of
the Closing Date.

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     "Note" means this Non-Negotiable Subordinated Note due on the Maturity
Date.

     "Purchase Agreement" means the Purchase Agreement dated as of June 2, 2000
among the Corporation, Instachange Displays Limited, Piquet Display Systems,
Inc., Richard E. H. Kenney, Carol L. Kenney and The Kenney Family Trust as the
same has been or may be amended from time to time.

     "Senior Indebtedness" shall mean any Indebtedness of the Corporation
(including, without limitation, any intercompany Indebtedness), now or hereafter
incurred, or any documents executed under or in connection therewith, and any
amendments, modifications, deferrals, renewals or extensions of such
Indebtedness, and any amounts owed in respect of any Indebtedness incurred in
refinancing, replacing or refunding the foregoing (including any refinancing,
replacing or refunding with new lenders), unless the terms of such Indebtedness
expressly provide that such Indebtedness is not Senior Indebtedness with respect
to this Note; provided, however, that in no event shall Senior Indebtedness
exceed the aggregate principal amount of $18,857,142 plus any Indebtedness
incurred by the Corporation for the business operations of the Corporation.
Nothing in this Note shall restrict an affiliate of the Corporation from being a
holder of Senior Indebtedness. Indebtedness owed to Affiliates will be Senior
Indebtedness for purposes of this Note, provided such Indebtedness does not
contain affirmative or negative covenants other than the requirement to make
current payments. Notwithstanding anything herein to the contrary, Senior
Indebtedness shall include any payables, accrued expenses, fees or other amounts
due to an Affiliate of the Corporation. Notwithstanding anything herein to the
contrary, none of the obligations or liabilities of the Corporation to Holder
shall be included in Senior Indebtedness.

         "Subsidiary" of a person means any corporation or other entity of which
securities or other ownership interests having ordinary voting power to elect a
majority of the Board of Directors or other persons performing similar functions
are at the time directly or indirectly owned by such person.

     "Working Capital" means the difference of (a) the sum of Corporation's net
account receivables, inventories (net of reserves), and prepaid expenses, minus
(b) the sum of accounts payable and accrued expenses, determined in accordance
with generally accepted accounting principles, consistently applied.

                                ARTICLE VII
                               MISCELLANEOUS

     7.1  Notices. All notices, requests and other communications to any party
hereunder shall be in writing and shall be delivered personally, sent by
facsimile transmission or sent by certified, registered or express mail, postage
prepaid, and shall be deemed given when so delivered personally, or sent by
facsimile transmission, or if mailed or sent by overnight courier, upon receipt
thereof, as follows:

        (a) If to the Corporation to:

                     Thomas H. Quinn
                     Joseph C. Linnen
                     IDL HOLDINGS LIMITED
                     ArborLake Centre, Suite 550
                     1751 Lake Cook Road
                     Deerfield, Illinois 60015
                     Telephone: 847-945-5591
                     Telecopier:   847-945-5698

        with a copy to:

                     G. Robert Fisher, Esq.
                     Steven L. Rist, Esq.
                     SONNENSCHEIN NATH & ROSENTHAL
                     4520 Main Street, Suite 1100
                     Kansas City, Missouri 64111
                     Telephone: 816-460-2400
                     Telecopier: 816-531-7545

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         If to the Holder, to:

                     Richard E. H. Kenney
                     7 Alm Court
                     Aurora, ON L4G 6W7
                     Telephone: 905-713-0599
                     Telecopier:   905-713-0599

        with a copy to:

                     David J. Moxon and Steven L. Wesfield
                     Miller Thomson LLP
                     Barristers & Solicitors
                     2500 -20 Queen Street West
                     Toronto, ON M5H 3S I
                     Telephone: 416-595-8500
                     Telecopier:  416-595-8695

Each party may, by notice given in accordance with this Section to the other
party, designate another address or person for receipt of notices hereunder.

     7.2   No Waivers. No failure or delay by the Holder in exercising any
right, power or privilege hereunder or under this Note shall operate as a waiver
thereof nor shall any single or partial exercise thereof preclude any other or
further exercise thereof or the exercise of any other right, power or privilege.
The rights and remedies herein provided shall be cumulative and not exclusive of
any rights or remedies provided by law. No notice to or demand on the
Corporation in any case shall entitle the Corporation to any other or further
notice or demand in related or similar circumstances requiring such notice.

     7.3   Amendments and Waivers. Subject to Section 5.3, any provision of this
Note may be amended or waived if, but only if, such amendment or waiver is in
writing, signed by the Corporation and the Holder.

     7.4   Successors and Assigns. The provisions of this Note shall be binding
upon and inure to the benefit of the Holder and its respective successors and
permitted assigns. Without the prior written consent of the Corporation and the
holders of Senior Indebtedness, the Holder of this Note agrees that it will not
(a) sell, assign, pledge or otherwise transfer, in whole or in part, directly or
indirectly, by operation of law or otherwise, this Note or any interest therein
or (b) create, incur or suffer to exist any security interest, lien, charge or
other encumbrance whatsoever upon this Note. If requested by a holder of Senior
Indebtedness as part of any consent, the assignee or transferee of the Holder
shall agree in writing to be bound by all of the terms of this Note. The holder
hereof hereby waives proof of reliance hereon by the holders of Senior
Indebtedness.

     7.5  Replacement Note. Upon receipt of evidence reasonably satisfactory to
the Corporation of the loss, theft, destruction or mutilation of this Note and
of a letter of indemnity reasonably satisfactory to the Corporation from the
Holder and upon reimbursement to the Corporation of all reasonable expenses
incident thereto, and upon surrender or cancellation of this Note, if mutilated,
the Corporation will make and deliver a new Note of like tenor in lieu of such
lost, stolen, destroyed or mutilated Note.

     7.6  Corporation's Obligations. The Holder agrees and acknowledges that
this Note and the Corporation's obligations hereunder and for all Amounts
Payable are solely obligations and liabilities of the Corporation. None of the
Corporation's directors, officers, employees, stockholders, advisors,
consultants and affiliates or any other persons shall be obligated or liable in
respect of this Note or any Amounts Payable, and Holder hereby releases them
from any such obligation of liability.

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     7.7  LITIGATION. THIS NOTE SHALL BE GOVERNED BY, CONSTRUED, APPLIED AND
ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE PROVINCE OF ONTARIO, AND NO
DOCTRINE OF CHOICE OF LAW SHALL BE USED TO APPLY ANY LAW OTHER THAN THAT OF THE
PROVINCE OF ONTARIO, AND NO DEFENSE, COUNTERCLAIM OR RIGHT OF SET-OFF GIVEN OR
ALLOWED BY THE LAWS OF ANY OTHER STATE OR JURISDICTION, OR ARISING OUT OF THE
ENACTMENT, MODIFICATION OR REPEAL OF ANY LAW, REGULATION, ORDINANCE OR DECREE OF
ANY FOREIGN JURISDICTION, BE INTERPOSED IN ANY ACTION HEREON. SUBJECT TO SECTION
7.8, THE PARTIES AGREE THAT ANY ACTION OR PROCEEDING TO ENFORCE OR ARISING OUT
OF THIS NOTE MAY BE COMMENCED IN ANY COURT OF COMPETENT JURISDICTION TO HEAR
SUCH ACTION OR PROCEEDING IN THE PROVINCE OF ONTARIO. THE PARTIES CONSENT TO
SUCH JURISDICTION, AGREE THAT VENUE WILL BE PROPER IN SUCH COURTS AND WAIVE ANY
OBJECTIONS BASED UPON FORUM NON CONVENIENS. THE CHOICE OF FORUM SET FORTH IN
THIS SECTION 7.7 SHALL NOT BE DEEMED TO PRECLUDE THE ENFORCEMENT OF ANY ACTION
UNDER THIS AGREEMENT IN ANY OTHER JURISDICTION.

     7.8  ARBITRATION. THE HOLDER HEREBY WAIVES AND SHALL NOT SEEK JURY TRIAL IN
ANY LAWSUIT, PROCEEDING, CLAIM, COUNTERCLAIM, DEFENSE OR OTHER LITIGATION OR
DISPUTE UNDER OR IN RESPECT OF THIS NOTE. THE HOLDER AGREES THAT ANY SUCH
DISPUTE RELATING TO OR IN RESPECT OF THIS NOTE, ITS NEGOTIATION, EXECUTION,
PERFORMANCE, SUBJECT MATTER, OR ANY COURSE OF CONDUCT OR DEALING OR ACTIONS
UNDER OR IN RESPECT OF THIS NOTE, SHALL BE SUBMITTED TO, AND RESOLVED
EXCLUSIVELY PURSUANT TO ARBITRATION IN ACCORDANCE WITH THE ARBITRATION ACT, 1991
(ONTARIO). SUCH ARBITRATION SHALL TAKE PLACE IN TORONTO, ONTARIO, AND SHALL BE
SUBJECT TO THE SUBSTANTIVE LAW OF THE PROVINCE OF ONTARIO. DECISIONS PURSUANT TO
SUCH ARBITRATION SHALL BE FINAL, CONCLUSIVE AND BINDING ON THE PARTIES. UPON THE
CONCLUSION OF ARBITRATION, THE PARTIES MAY APPLY TO ANY APPROPRIATE COURT OF THE
TYPE DESCRIBED IN SECTION 7.7 TO ENFORCE THE DECISION PURSUANT TO SUCH
ARBITRATION.

                            IDL HOLDINGS LIMITED



                            By:
                               ------------------------------------
                                Joseph C. Linnen, President




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                                 EXHIBIT A

                 SENIOR INDEBTEDNESS AMORTIZATION SCHEDULE

         For purposes of subpart (vi) of the definition of Free Cash Flow, the
principal payments on the Senior Indebtedness shall be deemed to equal the
following:

                                            PRINCIPAL AMOUNT
  FISCAL YEAR ENDING                       (CANADIAN DOLLARS)


  December 31, 2000                               $500,000

  December 31, 2001                             $1,571,429

  December 31, 2002                             $2,000,000

  December 31, 2003                             $2,571,429

  December 31, 2004                             $3,142,857

  December 31, 2005                               $785,714




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