Document:

<Page>

                                                                   EXHIBIT 10.56

                       AGREEMENT RE: OPERATING CREDIT LINE

Regal Greetings & Gifts Corporation                        December 14, 2001
-----------------------------------            ---------------------------------
               CUSTOMER NAME                             DATE              YEAR

7035 Ordan Drive
Mississauga, Ontario L5T, 1T1
-----------------------------------
              CUSTOMER ADDRESS
-----------------------------------
Dear Customer:

1. We are pleased to advise that, subject to acceptance by you, we have
established an operating credit line (the "Credit Line") in your favour in the
amount of Ten Million Dollars ($10,000,000) subject to the terms of this
agreement and any Schedule attached hereto (this "Agreement"). You may utilize
the Credit Line at the The Bank of Nova Scotia (the "Bank") at its Scotia Plaza
branch from time to time by way of direct advances to be deposited to your
Account, No. 80002 1318918, or a replacement account in your name as agreed by
us from time to time (the "Account"), and/or by way of any other availment
option authorized under this Agreement.

2.     Upon the date of acceptance by you of this Agreement, your obligations to
repay your indebtedness and liability:

       (a)    In respect of direct advances under all existing operating credit
              lines and under the Credit Line shall be subject to this Agreement
              exclusively; and

       (b)    In respect of utilizations under any other availment option
              authorized under this Agreement shall be subject to any applicable
              agreement(s) referred to in the commitment letter dated December
              5, 2001 as the same may be amended and restated from time to time
              ("Special Agreements") to which you and the Bank are or may become
              parties.

3. You acknowledge that the outstanding principal balance by way of direct
advances owing to the Bank under existing operating credit lines is $-nil-, as
at the close of business on December 14, 2001 which will be adjusted to reflect
direct advances and repayments of direct advances under the existing credit
lines occurring between that date and the date of acceptance of this Agreement.
You acknowledge that the hypothecs or other security interests previously
granted to the Bank to secure existing operating credit lines continue to
constitute security for indebtedness and liability under the Credit Line.

4.     The Credit Line may be utilized by:

       (a)    you notifying the Bank from time to time as to the amounts your
              wish to borrow by way of direct advances and the Bank crediting
              such amounts to the Account; and/or

       (b)    you authorizing the Bank to ascertain from time to time the
              position between us in respect to the Account and, if such
              position is a debit in favour of the Bank or is a credit in favour
              of you that is less than any minimum credit position for the
              Account as agreed upon between us from time to time, the Bank is
              authorized to make a direct advance under the Credit Line, by
              crediting the Account, to provide cover for such debit position or
              to place the Account in the appropriate minimum credit position.
              You hereby authorize the Bank to debit your Account or any other
              account specified by you with the fees and charges which the Bank
              established from time to time for the provision of this service to
              you; and/or

       (c)    you providing the Bank with the documentation required by the Bank
              from time to time to utilize the Credit Line under any other
              availment option authorized under this Agreement.

5. You will repay on demand all your indebtedness and liability under the Credit
Line and interest and interest on overdue interest under this Agreement and you
hereby irrevocably authorize and direct us, while the Credit Line is in
existence, but the Bank is not so obligated, to apply all amounts standing to
your credit, and above any agreed upon minimum credit position, in the Account
at the end of each business day to repay your indebtedness and liability under
the Credit Line.

6. Amounts may be borrowed, repaid and reborrowed or otherwise utilized or
reutilized under the Credit Line from time to time, provided that, upon our
periodic review of your financial affairs or upon the occurrence of an event of
default, we may refuse to allow you to borrow further by way of direct advances
or to otherwise utilize the Credit Line and/or we may terminate the Credit Line
entirely and demand payment of all your indebtedness and liability under the
Credit Line together with interest and interest on overdue interest. A default
shall occur if:

       (i)    you or any guarantor fail to make when due, either on demand or on
              a fixed payment date, by acceleration or otherwise, any payment of
              interest, principal, fees, commissions or other amounts payable to
              the Bank or any other lender;

       (ii)   you breach any other term or condition contained in this Agreement
              or in any other agreement to which you and the Bank are parties;

       (iii)  any default occurs under any security under this Agreement or in
              any Special Agreement or under any credit, loan or security
              agreement to which your are a party;

       (iv)   any bankruptcy, reorganization, compromise, arrangement,
              insolvency or liquidation proceedings or other proceedings for the
              relief of debtors are instituted by or against you and, if
              instituted against you, are allowed against or consented to by you
              or are dismissed or stayed within 60 days after institution;

<Page>

       (v)    a receiver is appointed over any of your property or any judgment
              or order or any process of any court becomes enforceable against
              you or any of your property or any creditor takes possession of
              any of your property;

       (vi)   any course of action is undertaken by you or with respect to you
              which would result in your reorganization, amalgamation or merger
              with another corporation or the transfer of all or substantially
              all of your assets;

       (vii)  any guarantee of indebtedness and liability under the Credit Line
              is withdrawn, determined to be invalid or otherwise rendered
              ineffective;

       (viii) any adverse change occurs in the financial condition of yourself
              or any guarantor of indebtedness and liability under the Credit
              Line;

       (ix)   any adverse change occurs in the environmental condition of:

              (a)    yourself or any guarantor of indebtedness and liability
                     under the Credit Line; or

              (b)    any of the property, equipment or business activities of
                     yourself or any guarantor of indebtedness and liability
                     under the Credit Line;

and you agree that if any default occurs under this Agreement, we may
immediately exercise all our rights and remedies under any Special Agreement(s)
as if default had occurred under the Special Agreement(s).

In the event where a default arises from the non-fulfillment of an obligation in
a prescribed period of time, you shall be considered in default by the mere
lapse of time, without the necessity of any notice or demand.

7. Upon failure to pay amounts due to the Bank on demand under the Credit Line,
the bank shall be entitled at your cost to take such steps as may be permitted
by law or as provided under this Agreement, any Special Agreement or any other
credit, loan or security agreement and as it deems fit to sue for and recover
payment for your indebtedness and liability to the Bank, including realization
of any security held. Upon your default and subject to applicable law, you will
pay to us on demand all of our reasonable costs, including but not limited to
legal fees and expenses (on a solicitor and his own client basis) incurred (i)
in collecting the balance due to the bank under the Credit Line, whether or not
a legal action is brought against you; and (ii) in protecting the Bank from any
loss which the Bank may suffer as a result of your default.

8. All amounts borrowed by way of direct advances will bear interest at the
Bank's Prime Lending Rate from time to time, or for advances made in U.S.
Dollars, the Bank's U.S. Dollar Base Rate from time to time, plus 3.00% per
annum (Prime Lending Rate being a variable per annum reference rate of interest
as announced and adjusted by the Bank from time to time for loans made by the
Bank in Canada in Canadian dollars). Interest shall be calculated daily for the
actual number of days elapsed and be payable monthly and you authorize the Bank,
but the Bank is not so obligated, to debit the Account or any other account
specified by you monthly in arrears on the 22nd day of each month or, if such
day is a Saturday, Sunday or a day on which banks are closed for business, on
the first subsequent business day with the amount of interest accrued and unpaid
by you. Interest on overdue interest amounts shall be calculated at the same
rate, but shall be compounded monthly and be payable on demand, both before and
after demand and judgment.

9. You will provide us with financial and net worth statements and such other
information respecting your financial affairs as we may reasonably require from
time to time. You will cause any guarantor to provide us with financial and net
worth statements and such other information respecting the guarantor's financial
affairs as we may reasonably request from time to time.

10.    You agree to:

       (a)    obey all applicable laws and requirements of any federal,
              provincial, or any other governmental authority relating to the
              environment and the operation of your business activities;

       (b)    allow us access at all times to your business premises to monitor
              and inspect all property and business activities;

       (c)    notify us from time to time of any business activity conducted by
              you which involves the use or handling of hazardous materials or
              wastes or which increases your environmental liability in any
              material manner;

       (d)    notify us of any proposed change in the use or occupation of your
              property prior to any change occurring;

       (e)    provide us with immediate written notice of any environmental
              problem and any hazardous materials or substances which have an
              adverse effect your property, equipment or business activities and
              with any other environmental information requested by us from time
              to time;

       (f)    conduct all environmental remedial activities which a commercially
              reasonable person would perform in similar circumstances to meet
              its environmental responsibilities and if you fail to do so, we
              may perform such activities; and pay for any environmental
              investigations, assessments or remedial activities with respect to
              any of your property that may be performed by or for us from time
              to time; and

       (g)    pay for any environmental investigations, assessments or remedial
              activities with respect to any of your property that may be
              performed by or for us from time to time.

11. If you notify us of any specified activity or change and provide us with any
information pursuant to paragraph 10(c), (d) or (e), or if we receive any
environmental information from other sources, we, in our sole discretion, may
decide that an adverse change in your environmental condition or any of your
property, equipment or business activities has occurred which decision shall
constitute, in the absence of manifest error, conclusive evidence of the adverse
change. Following this decision being made by us, we shall notify you of our
decision concerning the adverse change.

<Page>

12. If we decide or are required to incur expenses in compliance or to verify
your compliance with applicable environmental or other regulations, you shall
indemnify us in respect of such expenses, which will constitute further advances
by us to you under this Agreement.

13. The Bank will maintain records of your indebtedness and liability to the
Bank under the Credit Line and such records shall evidence such indebtedness and
liability. The Bank shall render a monthly statement of account of your
indebtedness by way of direct advances under the Credit Line. In the absence of
manifest error, such statement shall be considered conclusively binding upon you
as to your indebtedness and liability to the Bank by way of direct advances
under the Credit Line unless you notify the Bank to the contrary within thirty
(30) days from the date on which the statement was sent to you, provided that
any error by the Bank in keeping its records or in the statement shall not
affect your obligation to pay or repay your indebtedness and liability under the
Credit Line.

14. The terms and conditions of this Agreement including, but not limited to,
the annual percentage rate specified in paragraph 8, may be amended at any time
by the Bank by mailing or delivering notice in writing of the amendment to you.
If the Bank mails the said notice in writing by ordinary mail it shall effective
from the date of mailing. Please acknowledge acceptance of the terms and
conditions of this Agreement by signing and delivering to the Bank a copy
hereof.

15. The parties require that this Agreement and all related documents be drawn
in English. Les parties exigent que cette convention et tous documents qui s'y
rattachent soient rediges en anglais.

       The Bank appreciates this opportunity to be of service to you.

                                                         Yours truly,

                                                         THE BANK OF NOVA SCOTIA

                                                         Per
                                                              ------------------

ACCEPTED this 14th day of December, 2001

              Regal Greetings & Gifts Corporation

       ----------------------------------
              (NAME OF CUSTOMER)
       ----------------------------------
             (AUTHORIZED SIGNATURE)
       ----------------------------------
             (AUTHORIZED SIGNATURE)<Page>

                                                                   EXHIBIT 10.57

                    AGREEMENT FOR COMMERCIAL LETTER OF CREDIT

       In consideration of the issue by The Bank of Nova Scotia (hereinafter
called "the Bank") from time to time of a Letter of Credit or Letters of Credit
(hereinafter called "a credit"), prepared in accordance with an Application or
Applications which have been or will be entered into by the Undersigned from
time to time during the currency of this Agreement, the Undersigned, and if more
than one, each of them jointly and severally, hereby agrees with the Bank as
follows:

1.     The Undersigned shall provide for all bills, drafts, cable and written
demands for payments, receipts and acceptances drawn or issued under a Credit
(any such instrument being hereinafter called a "bill") by payment of the
amounts thereof to the Bank at the Branch named in the said Application as
follows:

       (a)    in the case of a sight bill, upon demand by the Bank together with
              interest from the date of payment by the Bank at the Bank's
              appropriate current rate;

       (b)    in the case of a bill other than a sight bill, at least one clear
              business day prior to maturity or, if the bill is not payable at
              the place of issue of a Credit, then in time for the funds to
              reach the place at which the bill is payable in the ordinary
              course of mail at least one clear business day prior to maturity;

and in every case a bill payable in the currency of the place of issue of a
Credit shall be provided for by payment in that currency and a bill payable in a
foreign currency shall be provided for by payment in the currency of the place
of issue of a Credit at the Bank's current rate of exchange for cable or
electronic transfers in such foreign currency to the place at which the bill is
payable, or in such foreign currency by banker's demand draft approved by the
Bank.

2.     The Undersigned shall pay to the Bank on demand the Bank's prevailing
fees and charges for issuing a Credit, effecting payment of any bill drawn or
issued thereunder, holding any unused part of a Credit available for drawings
and making any amendment to a Credit at the request of the Undersigned.

3.     The Undersigned shall pay to the Bank on demand interest on all overdue
payments at the Bank's appropriate current rate and shall indemnify the Bank
with interest at the said rate for all payments, costs, charges and other
expenses paid or incurred by the Bank in connection with a Credit or under the
authority of this Agreement or in connection with any claim, suit, action or
other proceeding brought against the Bank by reason of a Credit or this
Agreement.

4.     The Undersigned shall give the Bank from time to time security by way of
bills of lading, warehouse receipts, policies or certificates of insurance,
security under Section 427 of the Bank Act of Canada and any other security
required by the Bank covering all goods, wares, merchandise and other
commodities which may be purchased or shipped under or by virtue of a Credit
(hereinafter called the "the goods") and this undertaking shall be deemed to be
a promise to give such security within the meaning of Section 429 of the Bank
Act.

5.     The Undersigned shall keep the goods insured in amounts, against risks,
and in companies satisfactory to the Bank with loss payable to the bank and
shall deliver the policies or certificates of insurance to the Bank and in the
event that the Undersigned fails to keep the goods insured or the insurance is
for any reason unsatisfactory to the Bank, the Bank may, at the expense of the
Undersigned, obtain insurance satisfactory to the Bank.

6.     The Bank shall have the absolute right and title to and the unqualified
right to the possession and disposal of the goods, whether or not released to
the Undersigned on trust or bailee receipt or otherwise, and all bills of
lading, warehouse receipts, policies or certificates of insurance and other
documents accompanying or relative to any bill and the proceeds of each and all
of the foregoing and shall be entitled to exercise all the rights of the
Undersigned as unpaid sellers of the goods, until such time as all the
obligations and liabilities at any time incurred by the Undersigned and any of
them to the Bank under or in connection with a Credit or this Agreement as well
as all other obligations and liabilities to the Bank heretofore or hereafter
incurred by the Undersigned and any of them (all of the aforesaid obligations
and liabilities being hereinafter called "the obligations and liabilities") have
been fulfilled and paid, the whole being hereby assigned, pledged and
hypothecated to the Bank as security for the fulfillment and payment of the
obligations and liabilities, and for the full amount of such obligations and
liabilities, and the Bank, whenever it thinks fit, may, without notice to the
Undersigned, without prejudice to any of its claims or rights against the
Undersigned and at the cost and expense of the Undersigned, place the goods in
charge of any broker, warehouseman or other agent, either for storage or for
sale, and the Bank shall not incur any liability whatever for the default of any
such broker, warehouseman or other agent.

7.     The Undersigned shall from time to time, whenever requested by the Bank,
give to it additional security satisfactory to it in nature and amount, for the
obligations and liabilities, and the Bank may hold all property of any kind
belonging to the Undersigned and any of them at any time in possession of the
Bank or under its control as security for the fulfillment and payment of the
obligations and liabilities.

8.     If a Credit does not specify the unit price of the goods and does not
state that partial shipments are not permitted, the Bank shall be entitled to be
paid the full amount of any bill honoured in respect of a partial shipment
notwithstanding that it is for an amount that is disproportionate to the
relative partial shipment.

9.     The Undersigned shall obtain promptly all necessary permissions and
licenses in respect of the shipping, export and import of the goods and shall
comply with all foreign and domestic governmental requirements with regard
thereto, the whole to the exoneration of the Bank, and shall deliver to the Bank
such certificates in respect thereof as it may require from time to time.

10.    Any act or omission by the Bank or its agents or correspondents under or
in connection with a Credit or any relative document, if such act or omission be
in conformity with such foreign or domestic laws, customs or regulations as the
Bank or its

<Page>

                                      -2-

agents or correspondents may deem to be applicable, shall be binding on the
Undersigned and shall not place the Bank or its agents or correspondents under
any liability to the Undersigned.

11.    The Bank, whenever in its discretion it deems it necessary for its
protection, may, as permitted by law, without regard to the maturity of any of
the obligations and liabilities, without advertisement and without notice to the
Undersigned, sell by public or private sale or realize in such other manner as
the Bank thinks fit all or any of the goods, before or after arrival and whether
or not released to the Undersigned on trust or bailee receipt or otherwise, and
all or any other security held by it, upon such terms and conditions and for
such price in money or other consideration as the Bank thinks fit; and any
moneys received by the Bank as proceeds of any such sale, after deduction of all
fees and expenses in connection therewith which with interest shall be borne by
the Undersigned, shall be applied against the obligations and liabilities as the
Bank thinks fit and the Undersigned shall remain liable for and shall pay to the
Bank on demand the balance of the obligations and liabilities.

12.    In the event of the breach or non-performance of any of the terms and
conditions contained herein or in a Credit, or in the event of failure to
fulfill or pay at maturity any of the obligations and liabilities, or if the
Undersigned or any of them suspend payment or become bankrupt or insolvent or
make an assignment for the benefit of creditors or become subject to the
provisions of any bankruptcy or insolvency or winding-up legislation, whether
proceedings thereunder be taken or not, or if proceedings be taken against the
Undersigned or any of them for the appointment of a receiver or liquidator, or
if any attachment be issued against any property of the Undersigned or any of
them, then any and all of the obligations and liabilities shall, at the option
of the Bank then or thereafter exercised, become and be immediately due and
payable without notice or demand.

13.    All users of a Credit shall be deemed to be agents of the Undersigned and
neither the Bank nor its agents or correspondents shall be responsible for the
negligence or fraudulence of any user of a Credit, for the existence, nature,
condition, description, value, quality or quantity of the goods, for the
packing, shipment, export, import, handling, storage or delivery thereof, or for
the safety or preservation thereof at any time, and neither the Bank nor its
agents or correspondents shall be liable for any loss resulting from the total
or partial destruction of or damage to or deterioration or fall in value of the
goods, or from the delay in arrival or failure to arrive of either the goods or
of any of the documents relating thereto, or from the inadequacy or invalidity
of any document or insurance, or from the default or insolvency of any insurer,
carrier or other person issuing any document with respect to the goods, or from
failure to give or delay in giving notice of arrival of the goods or any other
notice, or from any error in or misinterpretation of or default or delay in the
sending, transmission, arrival or delivery of any message, whether in cipher or
not, by post, telegraph, cable, wireless or otherwise, and the obligations
hereunder of the Undersigned to the Bank shall not be in any way lessened or
affected if any bill or document accepted, paid or acted upon by the Bank or its
agents or correspondents is in any or all respects invalid, insufficient,
fraudulent or forged or if any bill or document does not bear a reference or
sufficient reference to a Credit or if no note thereof is made on a Credit.

14.    In the case of a variance between documents or bills required under a
Credit and those presented by or on behalf of a beneficiary, the Undersigned
shall be deemed to have ratified and confirmed the Bank's acceptance of the
documents or bills so presented as complying with the Credit and to have waived
any right to object to the variance unless immediately upon receipt of the
documents or bills the Undersigned shall have advised the Bank in writing of any
variance to which it objects and shall have returned all documents or bills
received by it to the Bank duly endorsed or transferred to the Bank as the Bank
may instruct for the Bank's disposition as it sees fit.

15.    Except as the Bank and the Undersigned may otherwise expressly agree, the
Uniform Customs and Practice for Documentary Credits of the International
Chamber of Commerce, current at the time of issuance of a Credit, shall be
incorporated herein as part of this Agreement and shall apply to a Credit.

16.    In the event of any issuance of a further Credit for which the
Undersigned may apply from time to time hereafter, or, of any extension of the
maturity or time for presentation of any bill, or, of any renewal, extension or
increase in the amount of a Credit or any other modifications of its terms, this
Agreement shall continue in force and apply to the further Credit so issued, or,
to a Credit so renewed, extended, increased or otherwise modified, or, to any
bill, document or property covered thereby and to any action taken by the Bank
or its agents or correspondents in accordance with such issuance, renewal,
extension, increase or other modification.

17.    This Agreement shall continue in force and apply notwithstanding any
change for any cause or in any manner whatsoever in the composition or
membership of any firm which is a party hereto or may be a user of a Credit, and
shall be binding upon the Undersigned and upon the heirs, executors,
administrators, successors, and assigns of the Undersigned and each of them and
shall ensure to the benefit of the Bank and its successors and assigns.

QUEBEC ONLY
18.    The parties have requested that this Agreement and all
       related documents be drawn up in English. Les parties ont exige que ce
       contrat et tous les documents y afferents soient rediges en anglias.

DATED this 14th day of December, 2001.

                                              REGAL GREETING & GIFTS CORPORATION

                                              Per.
                                                   -----------------------------
                                                   Authorized Signing Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00037-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00037-of-00352.parquet"}]]