Document:

Exhibit 10.46

                             BUSINESS LOAN AGREEMENT
<TABLE>
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 Principal    Loan Date     Maturity     Loan No       Call I Colt   Account   Officer   Initials
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<S>          <C>           <C>            <C>                        <C>         <C>
$500,000.00  04-26-2002    04-26-2009     9004                       5254663     ***
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   References in the shaded area are for Lender's use only and do not limit the applicability of
  this document to any particular loan or item. Any item above containing "***" has been omitted
                             due to text length limitations.
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 Borrower:  INFINITE GRAPHICS, INC.                            Lender:  ASSOCIATED BANK MINNESOTA
            4611 EAST LAKE STREET                                       LASALLE PLAZA OFFICE
            MINNEAPOLIS, MN 55406                                       800 LASALLE AVENUE
                                                                        MINNEAPOLIS, MN 55402
==================================================================================================
</TABLE>
THIS BUSINESS LOAN AGREEMENT dated April 26, 2002, is made and executed between
Infinite Graphics, Inc. ("Borrower") and ASSOCIATED BANK MINNESOTA ("Lender") on
the following terms and conditions. Borrower has received prior commercial loans
from Lender or has applied to Lender for a commercial loan or loans or other
financial accommodations, including those which may be described on any exhibit
or schedule attached to this Agreement ("Loan"). Borrower understands and agrees
that: (A) in granting, renewing, or extending any Loan, Lender is relying upon
Borrower's representations, warranties, and agreements as set forth in this
Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all
times shall be subject to Lender's sole judgment and discretion; and (C) all
such Loans shall be and remain subject to the terms and conditions of this
Agreement.

TERM. This Agreement shall be effective as of April 26, 2002, and shall continue
in full force and effect until such time as all of Borrower's Loans in favor of
Lender have been paid in full, including principal, interest, costs, expenses,
attorneys' fees, and other fees and charges, or until such time as the parties
may agree in writing to terminate this Agreement.

CONDITIONS PRECEDENT TO EACH ADVANCE. Lender's obligation to make the initial
Advance and each subsequent Advance under this Agreement shall be subject to the
fulfillment to Lender's satisfaction of all of the conditions set forth in this
Agreement and in the Related Documents.

     LOAN DOCUMENTS. Borrower shall provide to Lender the following documents
     for the Loan: (1) the Note; (2) Security Agreements granting to Lender
     security interests in the Collateral; (3) financing statements and all
     other documents perfecting Lender's Security Interests; (4) evidence of
     insurance as required below; (5) assignments of life insurance; (6)
     guaranties; (7) together with all such Related Documents as Lender may
     require for the Loan; all in form and substance satisfactory to Lender and
     Lender's counsel.

     BORROWER'S AUTHORIZATION. Borrower shall have provided in form and
     substance satisfactory to Lender properly certified resolutions, duly
     authorizing the execution and delivery of this Agreement, the Note and the
     Related Documents. In addition, Borrower shall have provided such other
     resolutions, authorizations, documents and instruments as Lender or its
     counsel, may require.

     PAYMENT OF FEES AND EXPENSES. Borrower shall have paid to Lender all fees,
     charges, and other expenses which are then due and payable as specified in
     this Agreement or any Related Document.

     REPRESENTATIONS AND WARRANTIES. The representations and warranties set
     forth in this Agreement, in the Related Documents, and in any document or
     certificate delivered to Lender under this Agreement are true and correct.

     NO EVENT OF DEFAULT. There shall not exist at the time of any Advance a
     condition which would constitute an Event of Default under this Agreement
     or under any Related Document.

REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Lender, as
of the date of this Agreement, as of the date of each disbursement of loan
proceeds, as of the date of any renewal, extension or modification of any Loan,
and at all times any Indebtedness exists:

     ORGANIZATION. Borrower is a corporation for profit which is, and at all
     times shall be, duly organized, validly existing, and in good standing
     under and by virtue of the laws of the State of Minnesota. Borrower is duly
     authorized to transact business in all other states in which Borrower is
     doing business, having obtained all necessary filings, governmental
     licenses and approvals for each state in which Borrower is doing business.
     Specifically, Borrower is, and at all times shall be, duly qualified as a
     foreign corporation in all states in which the failure to so qualify would
     have a material adverse effect on its business or financial condition.
     Borrower has the full power and authority to own its properties and to
     transact the business in which it is presently engaged or presently
     proposes to engage. Borrower maintains its principal office at 2655 Campus
     Drive, Plymouth, MN 55442. Unless Borrower has designated otherwise in
     writing, this is the principal office at which Borrower keeps its books and
     records including its records concerning the Collateral. Borrower will
     notify Lender prior to any change in the location of Borrower's state of
     organization or any change in Borrower's name. Borrower shall do all things
     necessary to preserve and to keep in full force and effect its existence,
     rights and privileges, and shall comply with all regulations, rules,
     ordinances, statutes, orders and decrees of any governmental or
     quasi-governmental authority or court applicable to Borrower and Borrower's
     business activities.

     ASSUMED BUSINESS NAMES. Borrower has filed or recorded all documents or
     filings required by law relating to all assumed business names used by
     Borrower. Excluding the name of Borrower, the following is a complete list
     of all assumed business names under which Borrower does business: None.

     AUTHORIZATION. Borrower's execution, delivery, and performance of this
     Agreement and all the Related Documents have been duly authorized by all
     necessary action by Borrower and do not conflict with, result in a
     violation of, or constitute a default under (1) any provision of Borrower's
     articles of incorporation or organization, or bylaws, or any agreement or
     other instrument binding upon Borrower or (2) any law, governmental
     regulation, court decree, or order applicable to Borrower or to Borrower's
     properties.

     FINANCIAL INFORMATION. Each of Borrower's financial statements supplied to
     Lender truly and completely disclosed Borrower's financial condition as of
     the date of the statement, and there has been no material adverse change in
     Borrower's financial condition subsequent to the date of the most recent
     financial statement supplied to Lender. Borrower has no material contingent
     obligations except as disclosed in such financial statements.

     LEGAL EFFECT. This Agreement constitutes, and any instrument or agreement
     Borrower is required to give under this Agreement when delivered will
     constitute legal, valid, and binding obligations of Borrower enforceable
     against Borrower in accordance with their respective terms.

     PROPERTIES. Except as contemplated by this Agreement or as previously
     disclosed in Borrower's financial statements or in writing to Lender and as
     accepted by Lender, and except for property tax liens for taxes not
     presently due and payable, Borrower owns and has good title to all of
     Borrower's properties free and clear of all Security Interests, and has not
     executed any security documents or financing statements relating to such
     properties. All of Borrower's properties are titled in Borrower's legal
     name, and Borrower has not used or filed a financing statement under any
     other name for at least the last five (5) years.

     HAZARDOUS SUBSTANCES. Except as disclosed to and acknowledged by Lender in
     writing, Borrower represents and warrants that: (1) During the period of
     Borrower's ownership of Borrower's Collateral, there has been no use,
     generation, manufacture, storage, treatment, disposal, release or
     threatened release of any Hazardous Substance by any person on, under,
     about or from any of the Collateral. (2) Borrower has no knowledge of, or
     reason to believe that there has been (a) any breach or violation of any
     Environmental Laws; (b) any use, generation, manufacture, storage,

<PAGE>

                            BUSINESS LOAN AGREEMENT
Loan No: 9004                     (Continued)                             Page 2
================================================================================

     treatment, disposal, release or threatened release of any Hazardous
     Substance on, under, about or from the Collateral by any prior owners or
     occupants of any of the Collateral; or (c) any actual or threatened
     litigation or claims of any kind by any person relating to such matters.
     (3) Neither Borrower nor any tenant, contractor, agent or other authorized
     user of any of the Collateral shall use, generate, manufacture, store,
     treat, dispose of or release any Hazardous Substance on, under, about or
     from any of the Collateral; and any such activity shall be conducted in
     compliance with all applicable federal, state, and local laws, regulations,
     and ordinances, including without limitation all Environmental Laws.
     Borrower authorizes Lender and its agents to enter upon the Collateral to
     make such inspections and tests as Lender may deem appropriate to determine
     compliance of the Collateral with this section of the Agreement. Any
     inspections or tests made by Lender shall be at Borrower's expense and for
     Lender's purposes only and shall not be construed to create any
     responsibility or liability on the part of Lender to Borrower or to any
     other person. The representations and warranties contained herein are based
     on Borrower's due diligence in investigating the Collateral for hazardous
     waste and Hazardous Substances. Borrower hereby (1) releases and waives any
     future claims against Lender for indemnity or contribution in the event
     Borrower becomes liable for cleanup or other costs under any such laws, and
     (2) agrees to indemnity and hold harmless Lender against any and all
     claims, losses, liabilities, damages, penalties, and expenses, including
     attorneys' fees, consultants' fees, and costs which Lender may directly or
     indirectly sustain or suffer resulting from a breach of this section of the
     Agreement or as a consequence of any use, generation, manufacture, storage,
     disposal, release or threatened release of a hazardous waste or substance
     on the Collateral. The provisions of this section of the Agreement,
     including the obligation to indemnify, shall survive the payment of the
     Indebtedness and the termination, expiration or satisfaction of this
     Agreement and shall not be affected by Lender's acquisition of any interest
     in any of the Collateral, whether by foreclosure or otherwise.

     LITIGATION AND CLAIMS. No litigation, claim, investigation, administrative
     proceeding or similar action (including those for unpaid taxes) against
     Borrower is pending or threatened, and no other event has occurred which
     may materially adversely affect Borrower's financial condition or
     properties, other than litigation, claims, or other events, if any, that
     have been disclosed to and acknowledged by Lender in writing.

     TAXES. To the best of Borrower's knowledge, all of Borrower's tax returns
     and reports that are or were required to be filed, have been filed, and all
     taxes, assessments and other governmental charges have been paid in full,
     except those presently being or to be contested by Borrower in good faith
     in the ordinary course of business and for which adequate reserves have
     been provided.

     LIEN PRIORITY. Unless otherwise previously disclosed to Lender in writing,
     Borrower has not entered into or granted any Security Agreements, or
     permitted the filing or attachment of any Security Interests on or
     affecting any of the Collateral directly or indirectly securing repayment
     of Borrower's Loan and Note, that would be prior or that may in any way be
     superior to Lender's Security Interests and rights in and to such
     Collateral.

     BINDING EFFECT. This Agreement, the Note, all Security Agreements (if any),
     and all Related Documents are binding upon the signers thereof, as well as
     upon their successors, representatives and assigns, and are legally
     enforceable in accordance with their respective terms.

AFFIRMATIVE COVENANTS. Borrower covenants and agrees with Lender that, so long
as this Agreement remains in effect, Borrower will:

     NOTICES OF CLAIMS AND LITIGATION. Promptly inform Lender in writing of (1)
     all material adverse changes in Borrower's financial condition, and (2) all
     existing and all threatened litigation, claims, investigations,
     administrative proceedings or similar actions affecting Borrower or any
     Guarantor which could materially affect the financial condition of Borrower
     or the financial condition of any Guarantor.

     FINANCIAL RECORDS. Maintain its books and records in accordance with GAAP,
     applied on a consistent basis, and permit Lender to examine and audit
     Borrower's books and records at all reasonable times.

     FINANCIAL STATEMENTS. Furnish Lender with the following:

          ANNUAL STATEMENTS. As soon as available, but in no event later than
          one-hundred-twenty (120) days after the end of each fiscal year,
          Borrower's balance sheet and income statement for the year ended,
          audited by a certified public accountant satisfactory to Lender.

          INTERIM STATEMENTS. As soon as available, but in no event later than
          thirty (30) days after the end of each fiscal quarter, Borrower's
          balance sheet and profit and loss statement for the period ended,
          prepared by Borrower.

          ADDITIONAL REQUIREMENTS. GUARANTORS SHALL PROVIDE LENDER WITH PERSONAL
          FINANCIAL STATEMENTS ANNUALLY.

     All financial reports required to be provided under this Agreement shall be
     prepared in accordance with GAAP, applied on a consistent basis, and
     certified by Borrower as being true and correct.

     ADDITIONAL INFORMATION. Furnish such additional information and statements,
     as Lender may request from time to time.

     INSURANCE. Maintain fire and other risk insurance, public liability
     insurance, and such other insurance as Lender may require with respect to
     Borrower's properties and operations, in form, amounts, coverages and with
     insurance companies acceptable to Lender. Borrower, upon request of Lender,
     will deliver to Lender from time to time the policies or certificates of
     insurance in form satisfactory to Lender, including stipulations that
     coverages will not be cancelled or diminished without at least ten (10)
     days prior written notice to Lender. Each insurance policy also shall
     include an endorsement providing that coverage in favor of Lender will not
     be impaired in any way by any act, omission or default of Borrower or any
     other person. In connection with all policies covering assets in which
     Lender holds or is offered a security interest for the Loans, Borrower will
     provide Lender with such lender's loss payable or other endorsements as
     Lender may require.

     INSURANCE REPORTS. Furnish to Lender, upon request of Lender, reports on
     each existing insurance policy showing such information as Lender may
     reasonably request, including without limitation the following: (1) the
     name of the insurer; (2) the risks insured; (3) the amount of the policy;
     (4) the properties insured; (5) the then current property values on the
     basis of which insurance has been obtained, and the manner of determining
     those values; and (6) the expiration date of the policy. In addition, upon
     request of Lender (however not more often than annually), Borrower will
     have an independent appraiser satisfactory to Lender determine, as
     applicable, the actual cash value or replacement cost of any Collateral.
     The cost of such appraisal shall be paid by Borrower.

     LIFE INSURANCE. As soon as practical, obtain and maintain life insurance in
     form and with insurance companies acceptable to Lender on the following
     individual in the amount indicated below and, at Lender's option, cause
     such insurance coverage to be pledged, made payable to, or assigned to
     Lender on Lender's forms. Lender, at its discretion, may apply the proceeds
     of any insurance policy to the unpaid balances of any Loan:

         NAME / TITLE OF INSURED                              AMOUNT
         -----------------------                              ------
            CLIFFORD STRITCH                                $500,000.00

     GUARANTIES. Prior to disbursement of any Loan proceeds, furnish executed
     guaranties of the Loans in favor of Lender, executed by the guarantor named
     below, on Lender's forms, and in the amount and under the conditions set
     forth in those guaranties.

                   NAME OF GUARANTOR                               AMOUNT
                   -----------------                               ------
                    CLIFFORD STRITCH                            $500,000.00

<PAGE>

                            BUSINESS LOAN AGREEMENT
Loan No: 9004                     (Continued)                             Page 3
================================================================================

     OTHER AGREEMENTS. Comply with all terms and conditions of all other
     agreements, whether now or hereafter existing, between Borrower and any
     other party and notify Lender immediately in writing of any default in
     connection with any other such agreements.

     LOAN PROCEEDS. Use all Loan proceeds solely for Borrower's business
     operations, unless specifically consented to the contrary by Lender in
     writing.

     TAXES, CHARGES AND LIENS. Pay and discharge when due all of its
     indebtedness and obligations, including without limitation all assessments,
     taxes, governmental charges, levies and liens, of every kind and nature,
     imposed upon Borrower or its properties, income, or profits, prior to the
     date on which penalties would attach, and all lawful claims that, if
     unpaid, might become a lien or charge upon any of Borrower's properties,
     income, or profits.

     PERFORMANCE. Perform and comply, in a timely manner, with all terms,
     conditions, and provisions set forth in this Agreement, in the Related
     Documents, and in all other instruments and agreements between Borrower and
     Lender. Borrower shall notify Lender immediately in writing of any default
     in connection with any agreement.

     OPERATIONS. Maintain executive and management personnel with substantially
     the same qualifications and experience as the present executive and
     management personnel; provide written notice to Lender of any change in
     executive and management personnel; conduct its business affairs in a
     reasonable and prudent manner.

     ENVIRONMENTAL STUDIES. Promptly conduct and complete, at Borrower's
     expense, all such investigations, studies, samplings and testings as may be
     requested by Lender or any governmental authority relative to any
     substance, or any waste or by-product of any substance defined as toxic or
     a hazardous substance under applicable federal, state, or local law, rule,
     regulation, order or directive, at or affecting any property or any
     facility owned, leased or used by Borrower.

     COMPLIANCE WITH GOVERNMENTAL REQUIREMENTS. Comply with all laws,
     ordinances, and regulations, now or hereafter in effect, of all
     governmental authorities applicable to the conduct of Borrower's
     properties, businesses and operations, and to the use or occupancy of the
     Collateral, including without limitation, the Americans With Disabilities
     Act. Borrower may contest in good faith any such law, ordinance, or
     regulation and withhold compliance during any proceeding, including
     appropriate appeals, so long as Borrower has notified Lender in writing
     prior to doing so and so long as, in Lender's sole opinion, Lender's
     interests in the Collateral are not jeopardized. Lender may require
     Borrower to post adequate security or a surety bond, reasonably
     satisfactory to Lender, to protect Lender's interest.

     INSPECTION. Permit employees or agents of Lender at any reasonable time to
     inspect any and all Collateral for the Loan or Loans and Borrower's other
     properties and to examine or audit Borrower's books, accounts, and records
     and to make copies and memoranda of Borrower's books, accounts, and
     records. If Borrower now or at any time hereafter maintains any records
     (including without limitation computer generated records and computer
     software programs for the generation of such records) in the possession of
     a third party, Borrower, upon request of Lender, shall notify such party to
     permit Lender free access to such records at all reasonable times and to
     provide Lender with copies of any records it may request, all at Borrower's
     expense.

     COMPLIANCE CERTIFICATES. Unless waived in writing by Lender, provide Lender
     at least annually, with a certificate executed by Borrower's chief
     financial officer, or other officer or person acceptable to Lender,
     certifying that the representations and warranties set forth in this
     Agreement are true and correct as of the date of the certificate and
     further certifying that, as of the date of the certificate, no Event of
     Default exists under this Agreement.

     ENVIRONMENTAL COMPLIANCE AND REPORTS. Borrower shall comply in all respects
     with any and all Environmental Laws; not cause or permit to exist, as a
     result of an intentional or unintentional action or omission on Borrower's
     part or on the part of any third party, on property owned and/or occupied
     by Borrower, any environmental activity where damage may result to the
     environment, unless such environmental activity is pursuant to and in
     compliance with the conditions of a permit issued by the appropriate
     federal, state or local governmental authorities; shall furnish to Lender
     promptly and in any event within thirty (30) days after receipt thereof a
     copy of any notice, summons, lien, citation, directive, letter or other
     communication from any governmental agency or instrumentality concerning
     any intentional or unintentional action or omission on Borrower's part in
     connection with any environmental activity whether or not there is damage
     to the environment and/or other natural resources.

     ADDITIONAL ASSURANCES. Make, execute and deliver to Lender such promissory
     notes, mortgages, deeds of trust, security agreements, assignments,
     financing statements, instruments, documents and other agreements as Lender
     or its attorneys may reasonably request to evidence and secure the Loans
     and to perfect all Security Interests.

LENDER'S EXPENDITURES. If any action or proceeding is commenced that would
materially affect Lender's interest in the Collateral or if Borrower fails to
comply with any provision of this Agreement or any Related Documents, including
but not limited to Borrower's failure to discharge or pay when due any amounts
Borrower is required to discharge or pay under this Agreement or any Related
Documents, Lender on Borrower's behalf may (but shall not be obligated to) take
any action that Lender deems appropriate, including but not limited to
discharging or paying all taxes, liens, security interests, encumbrances and
other claims, at any time levied or placed on any Collateral and paying all
costs for insuring, maintaining and preserving any Collateral. All such
expenditures incurred or paid by Lender for such purposes will then bear
interest at the rate charged under the Note from the date incurred or paid by
Lender to the date of repayment by Borrower. All such expenses will become a
part of the Indebtedness and, at Lender's option, will (A) be payable on demand;
(B) be added to the balance of the Note and be apportioned among and be payable
with any installment payments to become due during either (1) the term of any
applicable insurance policy; or (2) the remaining term of the Note; or (C) be
treated as a balloon payment which will be due and payable at the Note's
maturity.

NEGATIVE COVENANTS. Borrower covenants and agrees with Lender that while this
Agreement is in effect, Borrower shall not, without the prior written consent of
Lender

     INDEBTEDNESS AND LIENS. (1) Except for trade debt incurred in the normal
     course of business and indebtedness to Lender contemplated by this
     Agreement, create, incur or assume indebtedness for borrowed money,
     including capital leases, (2) sell, transfer, mortgage, assign, pledge,
     lease, grant a security interest in, or encumber any of Borrower's assets
     (except as allowed as Permitted Liens), or (3) sell with recourse any of
     Borrower's accounts, except to Lender.

     CONTINUITY OF OPERATIONS. (1) Engage in any business activities
     substantially different than those in which Borrower is presently engaged,
     (2) cease operations, liquidate, merge, transfer, acquire or consolidate
     with any other entity, change its name, dissolve or transfer or sell
     Collateral out of the ordinary course of business, or (3) pay any dividends
     on Borrower's stock (other than dividends payable in its stock), provided,
     however that notwithstanding the foregoing, but only so long as no Event of
     Default has occurred and is continuing or would result from the payment of
     dividends, if Borrower is a "Subchapter S Corporation" (as defined in the
     Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends
     on its stock to its shareholders from time to time in amounts necessary to
     enable the shareholders to pay income taxes and make estimated income tax
     payments to satisfy their liabilities under federal and state law which
     arise solely from their status as Shareholders of a Subchapter S
     Corporation because of their ownership of shares of Borrower's stock, or
     purchase or retire any of Borrower's outstanding shares or alter or amend
     Borrower's capital structure.

     LOANS, ACQUISITIONS AND GUARANTIES. (1) Loan, invest in or advance money or
     assets, (2) purchase, create or acquire any interest in any other
     enterprise or entity, or (3) incur any obligation as surety or guarantor
     other than in the ordinary course of business.

<PAGE>

                            BUSINESS LOAN AGREEMENT
Loan No: 9004                     (Continued)                             Page 4
================================================================================

     CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan
     to Borrower, whether under this Agreement or under any other agreement,
     Lender shall have no obligation to make Loan Advances or to disburse Loan
     proceeds if: (A) Borrower or any Guarantor is in default under the terms of
     this Agreement or any of the Related Documents or any other agreement that
     Borrower or any Guarantor has with Lender (B) Borrower or any Guarantor
     dies, becomes incompetent or becomes insolvent, files a petition in
     bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there
     occurs a material adverse change in Borrower's financial condition, in the
     financial condition of any Guarantor, or in the value of any Collateral
     securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts
     to limit, modify or revoke such Guarantor's guaranty of the Loan or any
     other loan with Lender; or (E) Lender in good faith deems Itself insecure,
     even though no Event of Default shall have occurred.

     RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves
     a right of setoff in all Borrower's accounts with Lender (whether checking,
     savings, or some other account). This includes all accounts Borrower holds
     jointly with someone else and all accounts Borrower may open in the future.
     However, this does not include any IRA or Keogh accounts, or any trust
     accounts for which setoff would be prohibited by law. Borrower authorizes
     Lender, to the extent permitted by applicable law, to charge or setoff all
     sums owing on the Indebtedness against any and all such accounts, and, at
     Lender's option, to administratively freeze all such accounts to allow
     Lender to protect Lender's charge and setoff rights provided in this
     paragraph.

     DEFAULT. Each of the following shall, constitute an Event of Default under
     this Agreement:

          PAYMENT DEFAULT. Borrower fails to make any payment when due under the
          Loan.

          OTHER DEFAULTS. Borrower fails to comply with or to perform any other
          term, obligation, covenant or condition contained in this Agreement or
          in any of the Related Documents or to comply with or to perform any
          term, obligation, covenant or condition contained in any other
          agreement between Lender and Borrower.

          DEFAULT IN FAVOR OF THIRD PARTIES. Borrower or any Grantor defaults
          under any loan, extension of credit, security agreement, purchase or
          sales agreement, or any other agreement, in favor of any other
          creditor or person that may materially affect any of Borrower's or any
          Grantor's property or Borrower's or any Grantor's ability to repay the
          Loans or perform their respective obligations under this Agreement or
          any of the Related Documents.

          FALSE STATEMENTS. Any warranty, representation or statement made or
          furnished to Lender by Borrower or on Borrower's behalf under this
          Agreement or the Related Documents is false or misleading in any
          material respect, either now or at the time made or furnished or
          becomes false or misleading at any time thereafter.

          INSOLVENCY. The dissolution or termination of Borrower's existence as
          a going business, the insolvency of Borrower, the appointment of a
          receiver for any part of Borrower's property, any assignment for the
          benefit of creditors, any type of creditor workout, or the
          commencement of any proceeding under any bankruptcy or insolvency laws
          by or against Borrower.

          DEFECTIVE COLLATERALIZATION. This Agreement or any of the Related
          Documents ceases to be in full force and effect (including failure of
          any collateral document to create a valid and perfected security
          interest or lien) at any time and for any reason.

          CREDITOR OR FORFEITURE PROCEEDINGS. Commencement of foreclosure or
          forfeiture proceedings, whether by judicial proceeding, self-help,
          repossession or any other method, by any creditor of Borrower or by
          any governmental agency against any collateral securing the Loan. This
          includes a garnishment of any of Borrower's accounts, including
          deposit accounts, with Lender. However, this Event of Default shall
          not apply if there is a good faith dispute by Borrower as to the
          validity or reasonableness of the claim which is the basis of the
          creditor or forfeiture proceeding and if Borrower gives Lender written
          notice of the creditor or forfeiture proceeding and deposits with
          Lender monies or a surety bond for the creditor or forfeiture
          proceeding, in an amount determined by Lender, in its sole discretion,
          as being an adequate reserve or bond for the dispute.

          EVENTS AFFECTING GUARANTOR. Any of the preceding events occurs with
          respect to any Guarantor of any of the Indebtedness or any Guarantor
          dies or becomes incompetent, or revokes or disputes the validity of,
          or liability under, any Guaranty of the Indebtedness. In the event of
          a death, Lender, at its option, may, but shall not be required to,
          permit the Guarantor's estate to assume unconditionally the
          obligations arising under the guaranty in a manner satisfactory to
          Lender, and, in doing so, cure any Event of Default.

          CHANGE IN OWNERSHIP. Any change in ownership of twenty-five percent
          (25%) or more of the common stock of Borrower.

          ADVERSE CHANGE. A material adverse change occurs in Borrower's
          financial condition, or Lender believes the prospect of payment or
          performance of the Loan is impaired.

          INSECURITY. Lender in good faith believes itself insecure.

          RIGHT TO CURE. If any default, other than a default on Indebtedness,
          is curable and if Borrower or Grantor, as the case may be, has not
          been given a notice of a similar default within the preceding twelve
          (12) months, it may be cured (and no Event of Default will have
          occurred) if Borrower or Grantor, as the case may be, after receiving
          written notice from Lender demanding cure of such default: (1) cure
          the default within thirty (30) days; or (2) if the cure requires more
          than thirty (30) days, immediately initiate steps which Lender deems
          in Lender's sole discretion to be sufficient to cure the default and
          thereafter continue and complete all reasonable and necessary steps
          sufficient to produce compliance as soon as reasonably practical.

     EFFECT OF AN EVENT OF DEFAULT. If any Event of Default shall occur, except
     where otherwise provided in this Agreement or the Related Documents, all
     commitments and obligations of Lender under this Agreement or the Related
     Documents or any other agreement immediately will terminate (including any
     obligation to make further Loan Advances or disbursements), and, at
     Lender's option, all Indebtedness immediately will become due and payable,
     all without notice of any kind to Borrower, except that in the case of an
     Event of Default of the type described in the "Insolvency" subsection
     above, such acceleration shall be automatic and not optional. In addition,
     Lender shall have all the rights and remedies provided in the Related
     Documents or available at law, in equity, or otherwise. Except as may be
     prohibited by applicable law, all of Lenders rights and remedies shall be
     cumulative and may be exercised singularly or concurrently. Election by
     Lender to pursue any remedy shall not exclude pursuit of any other remedy,
     and an election to make expenditures or to take action to perform an
     obligation of Borrower or of any Grantor shall not affect Lender's right to
     declare a default and to exercise its rights and remedies.

     MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part
     of this Agreement:

          AMENDMENTS. This Agreement, together with any Related Documents,
          constitutes the entire understanding and agreement of the parties as
          to the matters set forth in this Agreement. No alteration of or
          amendment to this Agreement shall be effective unless given in writing
          and signed by the party or parties sought to be charged or bound by
          the alteration or amendment.

          ATTORNEYS' FEES; EXPENSES. Borrower agrees to pay upon demand all of
          Lender's costs and expenses, including Lender's reasonable attorneys'
          fees and Lenders legal expenses, incurred in connection with the
          enforcement of this Agreement. Lender may hire or pay someone else to
          help enforce this Agreement, and Borrower shall pay the costs and
          expenses of such enforcement. Costs and expenses include Lenders
          reasonable attorneys' fees and legal expenses whether or not there is
          a lawsuit, including reasonable attorneys' fees and legal expenses for
          bankruptcy proceedings (including efforts to modify or vacate any
          automatic stay or injunction), appeals and any anticipated
          post-judgment collection services. Borrower also shall pay all court
          costs and such additional fees as may be directed by the court.

<PAGE>

                            BUSINESS LOAN AGREEMENT
Loan No: 9004                     (Continued)                             Page 5
================================================================================

          CAPTION HEADINGS. Caption headings in this Agreement are for
          convenience purposes only and are not to be used to interpret or
          define the provisions of this Agreement.

          CONSENT TO LOAN PARTICIPATION. Borrower agrees and consents to
          Lender's sale or transfer, whether now or later, of one or more
          participation interests in the Loan to one or more purchasers, whether
          related or unrelated to Lender. Lender may provide, without any
          limitation whatsoever, to any one or more purchasers, or potential
          purchasers, any information or knowledge Lender may have about
          Borrower or about any other matter relating to the Loan, and Borrower
          hereby waives any rights to privacy Borrower may have with respect to
          such matters. Borrower additionally waives any and all notices of sale
          of participation interests, as well as all notices of any repurchase
          of such participation interests. Borrower also agrees that the
          purchasers of any such participation interests wilt be considered as
          the absolute owners of such interests in the Loan and will have all
          the rights granted under the participation agreement or agreements
          governing the sale of such participation interests. Borrower further
          waives all rights of offset or counterclaim that it may have now or
          later against Lender or against any purchaser of such a participation
          interest and unconditionally agrees that either Lender or such
          purchaser may enforce Borrower's obligation under the Loan
          irrespective of the failure or insolvency of any holder of any
          interest in the Loan. Borrower further agrees that the purchaser of
          any such participation interests may enforce Its interests
          irrespective of any personal claims or defenses that Borrower may have
          against Lender.

          APPLICABLE LAW. The Loan secured by this lien was made under a United
          States Small Business Administration (SBA) nationwide program which
          uses tax dollars to assist small business owners. If the United States
          is seeking to enforce this document, then under SBA regulations: (a)
          When SBA is the holder of the Note, this document and all documents
          evidencing or securing this Loan will be construed in accordance with
          federal law. (b) Lender or SBA may use local or state procedures for
          purposes such as filing papers, recording documents, giving notice,
          foreclosing liens, and other purposes. By using these procedures, SBA
          does not waive any federal immunity from local or state control,
          penalty, tax or liability. No Borrower or Guarantor may claim or
          assert against SBA any local or state law to deny any obligation of
          Borrower, or defeat any claim of SBA with respect to this Loan. Any
          clause In this document requiring arbitration is not enforceable when
          SBA is the holder of the Note secured by this instrument.

          NO WAIVER BY LENDER. Lender shall not be deemed to have waived any
          rights under this Agreement unless such waiver is given in writing and
          signed by Lender. No delay or omission on the part of Lender in
          exercising any right shall operate as a waiver of such right or any
          other right. A waiver by Lender of a provision of this Agreement shall
          not prejudice or constitute a waiver of Lender's right otherwise to
          demand strict compliance with that provision or any other provision of
          this Agreement. No prior waiver by Lender, nor any course of dealing
          between Lender and Borrower, or between Lender and any Grantor, shall
          constitute a waiver of any of Lender's rights or of any of Borrower's
          or any Grantor's obligations as to any future transactions. Whenever
          the consent of Lender is required under this Agreement, the granting
          of such consent by Lender in any instance shall not constitute
          continuing consent to subsequent instances where such consent is
          required and in all cases such consent may be granted or withheld in
          the sole discretion of Lender.

          NOTICES. Any notice required to be given under this Agreement shall be
          given in writing, and shall be effective when actually delivered, when
          actually received by telefacsimile (unless otherwise required by law),
          when deposited with a nationally recognized overnight courier, or, if
          mailed, when deposited in the United States mail, as first class,
          certified or registered mail postage prepaid, directed to the
          addresses shown near the beginning of this Agreement. Any party may
          change its address for notices under this Agreement by giving formal
          written notice to the other parties, specifying that the purpose of
          the notice is to change the party's address. For notice purposes,
          Borrower agrees to keep Lender informed at all times of Borrower's
          current address. Unless otherwise provided or required by law, if
          there is more than one Borrower, any notice given by Lender to any
          Borrower is deemed to be notice given to all Borrowers.

          SEVERABILITY. If a court of competent jurisdiction finds any provision
          of this Agreement to be illegal, invalid, or unenforceable as to any
          circumstance, that finding shall not make the offending provision
          illegal, invalid, or unenforceable as to any other circumstance. If
          feasible, the offending provision shall be considered modified so that
          it becomes legal, valid and enforceable. If the offending provision
          cannot be so modified, it shall be considered deleted from this
          Agreement. Unless otherwise required by law, the illegality,
          invalidity, or unenforceability of any provision of this Agreement
          shall not affect the legality, validity or enforceability of any other
          provision of this Agreement.

          SUBSIDIARIES AND AFFILIATES OF BORROWER. To the extent the context of
          any provisions of this Agreement makes it appropriate, including
          without limitation any representation, warranty or covenant, the word
          "Borrower" as used in this Agreement shall include all of Borrower's
          subsidiaries and affiliates. Notwithstanding the foregoing however,
          under no circumstances shall this Agreement be construed to require
          Lender to make any Loan or other financial accommodation to any of
          Borrower's subsidiaries or affiliates.

          SUCCESSORS AND ASSIGNS. All covenants and agreements contained by or
          on behalf of Borrower shall bind Borrower's successors and assigns and
          shall inure to the benefit of Lender and its successors and assigns.
          Borrower shall not, however, have the right to assign Borrower's
          rights under this Agreement or any interest therein, without the prior
          written consent of Lender.

          SURVIVAL OF REPRESENTATIONS AND WARRANTIES. Borrower understands and
          agrees that in making the Loan, Lender is relying on all
          representations, warranties, and covenants made by Borrower in this
          Agreement or in any certificate or other instrument delivered by
          Borrower to Lender under this Agreement or the Related Documents.
          Borrower further agrees that regardless of any investigation made by
          Lender, all such representations, warranties and covenants will
          survive the making of the Loan and delivery to Lender of the Related
          Documents, shall be continuing in nature, and shall remain in full
          force and effect until such time as Borrower's Indebtedness shall be
          paid in full, or until this Agreement shall be terminated in the
          manner provided above, whichever is the last to occur.

          TIME IS OF THE ESSENCE. Time is of the essence in the performance of
          this Agreement.

     DEFINITIONS. The following capitalized words and terms shall have the
     following meanings when used in this Agreement. Unless specifically stated
     to the contrary, all references to dollar amounts shall mean amounts in
     lawful money of the United States of America. Words and terms used in the
     singular shall include the plural, and the plural shall include the
     singular, as the context may require. Words and terms not otherwise defined
     in this Agreement shall have the meanings attributed to such terms in the
     Uniform Commercial Code. Accounting words and terms not otherwise defined
     in this Agreement shall have the meanings assigned to them in accordance
     with generally accepted accounting principles as in effect on the date of
     this Agreement:

          ADVANCE. The word "Advance" means a disbursement of Loan funds made,
          or to be made, to Borrower or on Borrower's behalf on a line of credit
          or multiple advance basis under the terms and conditions of this
          Agreement.

          AGREEMENT. The word "Agreement" means this Business Loan Agreement, as
          this Business Loan Agreement may be amended or modified from time to
          time, together with all exhibits and schedules attached to this
          Business Loan Agreement from time to time.

          BORROWER. The word "Borrower" means Infinite Graphics, Inc., and all
          other persons and entitles signing the Note in whatever capacity.

          COLLATERAL. The word "Collateral" means all property and assets
          granted as collateral security for a Loan, whether real or personal
          property, whether granted directly or indirectly, whether granted now
          or in the future, and whether granted in the form of a security
          interest, mortgage, collateral mortgage, deed of trust, assignment,
          pledge, crop pledge, chattel mortgage, collateral chattel mortgage,
          chattel trust, factor's lien, equipment trust, conditional sale, trust
          receipt, lien, charge, lien or title retention contract, lease or
          consignment intended as a security device, or any other security or
          lien interest whatsoever, whether created by law, contract, or
          otherwise.

<PAGE>

                            BUSINESS LOAN AGREEMENT
Loan No: 9004                     (Continued)                             Page 6
================================================================================

          ENVIRONMENTAL LAWS. The words "Environmental Laws" mean any and all
          state, federal and local statutes, regulations and ordinances relating
          to the protection of human health or the environment, including
          without limitation the Comprehensive Environmental Response,
          Compensation, and Liability Act of 1980, as amended, 42 U.S.C. Section
          9601, et seq. ("CERCLA"), the Superfund Amendments and Reauthorization
          Act of 1986, Pub. L. No. 99-499 ("SARA"), the Hazardous Materials
          Transportation Act, 49 U.S.C. Section 1801, et seq., the Resource
          Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq., or
          other applicable state or federal laws, rules, or regulations adopted
          pursuant thereto or common law, and shall also include pollutants,
          contaminants, polychlorinated biphenyls, asbestos, urea formaldehyde,
          petroleum and petroleum products, and agricultural chemicals.

          EVENT OF DEFAULT. The words "Event of Default" mean any of the events
          of default set forth in this Agreement in the default section of this
          Agreement.

          GAAP. The word "GAAP" means generally accepted accounting principles.

          GRANTOR. The word "Grantor" means each and all of the persons or
          entities granting a Security Interest in any Collateral for the Loan,
          including without limitation all Borrowers granting such a Security
          Interest.

          GUARANTOR. The word "Guarantor" means any guarantor, surety, or
          accommodation party of any or all of the Loan.

          GUARANTY. The word "Guaranty" means the guaranty from Guarantor to
          Lender, including without limitation a guaranty of all or part of the
          Note.

          HAZARDOUS SUBSTANCES. The words "Hazardous Substances" mean materials
          that, because of their quantity, concentration or physical, chemical
          or infectious characteristics, may cause or pose a present or
          potential hazard to human health or the environment when improperly
          used, treated, stored, disposed of, generated, manufactured,
          transported or otherwise handled. The words "Hazardous Substances" are
          used in their very broadest sense and include without limitation any
          and all hazardous or toxic substances, materials or waste as defined
          by or listed under the Environmental Laws. The term "Hazardous
          Substances" also includes, without limitation, petroleum and petroleum
          by-products or any fraction thereof and asbestos.

          INDEBTEDNESS. The word "Indebtedness" means the indebtedness evidenced
          by the Note or Related Documents, including all principal and interest
          together with all other indebtedness and costs and expenses for which
          Borrower is responsible under this Agreement or under any of the
          Related Documents.

          LENDER. The word "Lender" means ASSOCIATED BANK MINNESOTA, its
          successors and assigns.

          LOAN. The word "Loan" means any and all loans and financial
          accommodations from Lender to Borrower whether now or hereafter
          existing, and however evidenced, including without limitation those
          loans and financial accommodations described herein or described on
          any exhibit or schedule attached to this Agreement from time to time.

          NOTE. The word "Note" means the Note executed by Infinite Graphics,
          Inc. in the principal amount of $500,000.00 dated April 26, 2002,
          together with all renewals of, extensions of, modifications of,
          refinancings of, consolidations of, and substitutions for the note or
          credit agreement.

          PERMITTED LIENS. The words "Permitted Liens" mean (1) liens and
          security interests securing Indebtedness owed by Borrower to Lender;
          (2) liens for taxes, assessments, or similar charges either not yet
          due or being contested in good faith; (3) liens of materialmen,
          mechanics, warehousemen, or carriers, or other like liens arising in
          the ordinary course of business and securing obligations which are net
          yet delinquent; (4) purchase money liens or purchase money security
          interests upon or in any property acquired or held by Borrower in the
          ordinary course of business to secure indebtedness outstanding on the
          date of this Agreement or permitted to be incurred under the paragraph
          of this Agreement titled "Indebtedness and Liens"; (5) liens and
          security interests which, as of the date of this Agreement, have been
          disclosed to and approved by the Lender in writing; and (6) those
          liens and security interests which in the aggregate constitute an
          immaterial and insignificant monetary amount with respect to the net
          value of Borrower's assets.

          RELATED DOCUMENTS. The words "Related Documents" mean all promissory
          notes, credit agreements, loan agreements, environmental agreements,
          guaranties, security agreements, mortgages, deeds of trust, security
          deeds, collateral mortgages, and all other instruments, agreements and
          documents, whether now or hereafter existing, executed in connection
          with the Loan.

          SECURITY AGREEMENT. The words "Security Agreement" mean and include
          without limitation any agreements, promises, covenants, arrangements,
          understandings or other agreements, whether created by law, contract,
          or otherwise, evidencing, governing, representing, or creating a
          Security Interest.

          SECURITY INTEREST. The words "Security Interest" mean, without
          limitation, any and all types of collateral security, present and
          future, whether in the form of a lien, charge, encumbrance, mortgage,
          deed of trust, security deed, assignment, pledge, crop pledge, chattel
          mortgage, collateral chattel mortgage, chattel trust, factor's lien,
          equipment trust, conditional sale, trust receipt, lien or title
          retention contract, lease or consignment intended as a security
          device, or any other security or lien interest whatsoever whether
          created by law, contract, or otherwise.

     BORROWER ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS BUSINESS LOAN
     AGREEMENT AND BORROWER AGREES TO ITS TERMS. THIS BUSINESS LOAN AGREEMENT IS
     DATED APRIL 26, 2002.

     BORROWER:

     INFINITE GRAPHICS, INC.

     By:  /S/ Clifford Stritch
          ------------------------------------------------------
          Clifford Stritch, President of Infinite Graphics, Inc.

     LENDER:

     ASSOCIATED BANK MINNESOTA

     By: /S/ Joe Bauer
         -------------------------------------------------------
         Authorized Signer

GP:907192 v1Exhibit 10.47

   U.S. Small Business Administration         U.S. Small Business Administration
               [LOGO] SBA
                                                             NOTE

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
SBA Loan #           PLP 534-550-4001
--------------------------------------------------------------------------------
SBA Loan Name        Infinite Graphics, Inc.
--------------------------------------------------------------------------------
Date                 April 26, 2002
--------------------------------------------------------------------------------
Loan Amount          $500,000.00
--------------------------------------------------------------------------------
Interest Rate        Variable
--------------------------------------------------------------------------------
Borrower             Infinite Graphics, Inc.
--------------------------------------------------------------------------------
Operating Company
--------------------------------------------------------------------------------
Lender               ASSOCIATED BANK MINNESOTA
--------------------------------------------------------------------------------

1.   PROMISE TO PAY:

     In return for the Loan, Borrower promises to pay to the order of Lender the
     amount of Five Hundred Thousand & 00/100 Dollars, interest on the unpaid
     principal balance, and all other amounts required by this Note.

2.   DEFINITIONS:

     "Collateral" means any property taken as security for payment of this Note
     or any guarantee of this Note.

     "Guarantor" means each person or entity that signs a guarantee of payment
     of this Note.

     "Loan" means the loan evidenced by this Note.

     "Loan Documents" means the documents related to this loan signed by
     Borrower, any Guarantor, or anyone who pledges collateral.

     "SBA" means the Small Business Administration, an Agency of the United
     States of America.

3.   PAYMENT TERMS:

     Borrower must make all payments at the place Lender designates. The payment
     terms for this Note are:

     THIS NOTE WILL MATURE IN 7 YEARS FROM DATE OF NOTE. THE INTEREST RATE ON
     THIS NOTE WILL FLUCTUATE. THE INITIAL INTEREST RATE IS 6.75% PER YEAR. THIS
     INITIAL RATE IS THE PRIME RATE ON THE DATE SBA RECEIVED THE LOAN
     APPLICATION, PLUS 2.0%. THE INITIAL INTEREST RATE MUST REMAIN IN EFFECT
     UNTIL THE FIRST CHANGE PERIOD BEGINS. BORROWER MUST PAY A TOTAL OF 3
     PAYMENTS OF INTEREST ONLY ON THE DISBURSED PRINCIPAL BALANCE BEGINNING ONE
     MONTH FROM THE MONTH THIS NOTE IS DATED AND EVERY MONTH THEREAFTER;
     PAYMENTS MUST BE MADE ON THE TWENTY-SIXTH CALENDAR DAY IN THE MONTHS THEY
     ARE DUE. BORROWER MUST PAY PRINCIPAL AND INTEREST PAYMENTS OF $7,704.82
     EVERY MONTH, BEGINNING FOUR MONTHS FROM THE MONTH THIS NOTE IS DATED;
     PAYMENTS MUST BE MADE ON THE TWENTY-SIXTH CALENDAR DAY IN THE MONTHS THEY
     ARE DUE. LENDER WILL APPLY EACH INSTALLMENT PAYMENT FIRST TO PAY INTEREST
     ACCRUED TO THE DAY LENDER RECEIVES THE PAYMENT, THEN TO BRING PRINCIPAL
     CURRENT, THEN TO PAY ANY LATE FEES, AND WILL APPLY ANY REMAINING BALANCE TO
     REDUCE PRINCIPAL. THE INTEREST RATE WILL BE ADJUSTED EVERY

SBA FORM 147 (10/22/98)  Previous editions obsolete
<PAGE>

                                 PROMISSORY NOTE
LOAN NO: 9004                      (CONTINUED)                            PAGE 2
================================================================================

     CALENDAR QUARTER (THE "CHANGE PERIOD"). THE "PRIME RATE" IS THE PRIME RATE
     IN EFFECT ON THE FIRST BUSINESS DAY OF THE MONTH IN WHICH AN INTEREST RATE
     CHANGE OCCURS, AS PUBLISHED IN THE WALL STREET JOURNAL ON THE NEXT BUSINESS
     DAY. THE ADJUSTED INTEREST RATE WILL BE 2.0% ABOVE THE PRIME RATE. LENDER
     WILL ADJUST THE INTEREST RATE ON THE FIRST CALENDAR DAY OF EACH CHANGE
     PERIOD. THE CHANGE IN INTEREST RATE IS EFFECTIVE ON THAT DAY WHETHER OR NOT
     LENDER GIVES BORROWER NOTICE OF THE CHANGE. THE INITIAL INTEREST RATE MUST
     REMAIN IN EFFECT UNTIL THE FIRST CHANGE PERIOD BEGINS. LENDER MUST ADJUST
     THE PAYMENT AMOUNT AT LEAST ANNUALLY AS NEEDED TO AMORTIZE PRINCIPAL OVER
     THE REMAINING TERM OF THE NOTE. IF SBA PURCHASES THE GUARANTEED PORTION OF
     THE UNPAID PRINCIPAL BALANCE, THE INTEREST RATE BECOMES FIXED AT THE RATE
     IN EFFECT AT THE TIME OF THE EARLIEST UNCURED PAYMENT DEFAULT. IF THERE IS
     NO UNCURED PAYMENT DEFAULT, THE RATE BECOMES FIXED AT THE RATE IN EFFECT AT
     THE TIME OF PURCHASE. ALL REMAINING PRINCIPAL AND ACCRUED INTEREST IS DUE
     AND PAYABLE 7 YEARS FROM DATE OF NOTE. LATE CHARGE: IF A PAYMENT ON THIS
     NOTE IS MORE THAN 10 DAYS LATE, LENDER MAY CHARGE BORROWER A LATE FEE OF UP
     TO 5% OF THE UNPAID PORTION OF THE REGULARLY SCHEDULED PAYMENT.

4.   RIGHT TO PREPAY:

     Borrower may prepay this Note. Borrower may prepay 20 percent or less of
     the unpaid principal balance at any time without notice. If Borrower
     prepays more than 20 percent and the Loan has been sold on the secondary
     market, Borrower must:

     A.   Give Lender written notice;

     B.   Pay all accrued interest; and

     C.   If the prepayment is received less than 21 days from the date Lender
          receives the notice, pay an amount equal to 21 days' interest from the
          date Lender receives the notice, less any interest accrued during the
          21 days and paid under subparagraph B.

     If Borrower does not prepay within 60 days from the date Lender receives
     the notice, Borrower must give Lender a new notice.

5.   DEFAULT:

     Borrower is in default under this Note if Borrower does not make a payment
     when due under this Note, or if Borrower or Operating Company:

     A.   Fails to do anything required by this Note and other Loan Documents;

     B.   Defaults on any other loan with Lender;

     C.   Does not preserve, or account to Lender's satisfaction for, any of the
          Collateral or its proceeds;

     D.   Does not disclose, or anyone acting on their behalf does not disclose,
          any material fact to Lender or SBA;

     E.   Makes, or anyone acting on their behalf makes, a materially false or
          misleading representation to Lender or SBA;

     F.   Defaults on any loan or agreement with another creditor, if Lender
          believes the default may materially affect Borrower's ability to pay
          this Note;

     G.   Fails to pay any taxes when due;

     H.   Becomes the subject of a proceeding under any bankruptcy or insolvency
          law;

     I.   Has a receiver or liquidator appointed for any pan of their business
          or property;

     J.   Makes an assignment for the benefit of creditors;

     K.   Has any adverse change in financial condition or business operation
          that Lender believes may materially affect Borrower's ability to pay
          this Note;

     L.   Reorganizes, merges, consolidates, or otherwise changes ownership or
          business structure without Lender's prior written consent; or

     M.   Becomes the subject of a civil or criminal action that Lender believes
          may materially affect Borrower's ability to pay this Note.

6.   LENDER'S RIGHTS IF THERE IS A DEFAULT:

     Without notice or demand and without giving up any of its rights, Lender
     may:

     A.   Require immediate payment of all amounts owing under this Note;

     B.   Collect all amounts owing from any Borrower or Guarantor;

     C.   File suit and obtain judgement;

     D.   Take possession of any Collateral; or

     E.   Sell, lease, or otherwise dispose of, any Collateral at public or
          private sale, with or without advertisement.

SBA FORM 147 (10/22/98)  Previous editions obsolete
<PAGE>

                                 PROMISSORY NOTE
LOAN NO: 9004                      (CONTINUED)                            PAGE 3
================================================================================

7.   LENDER'S GENERAL POWERS:

     Without notice and without Borrower's consent, Lender may:

     A.   Bid on or buy the Collateral at its sale or the sale of another
          lienholder, at any price it chooses;

     B.   Incur expenses to collect amounts due under this Note, enforce the
          terms of this Note or any other Loan Document, and preserve or dispose
          of the Collateral. Among other things, the expenses may include
          payments for property taxes, prior liens, insurance, appraisals,
          environmental remediation costs, and reasonable attorney's fees and
          costs. If Lender incurs such expenses, it may demand immediate
          repayment from Borrower or add the expenses to the principal balance;

     C.   Release anyone obligated to pay this Note;

     D.   Compromise, release, renew, extend or substitute any of the
          Collateral; and

     E.   Take any action necessary to protect the Collateral or collect amounts
          owing on this Note.

8.   WHEN FEDERAL LAW APPLIES:

     When SBA is the holder, this Note will be interpreted and enforced under
     federal law, including SBA regulations. Lender or SBA may use state or
     local procedures for filing papers, recording documents, giving notice,
     foreclosing liens, and other purposes. By using such procedures, SBA does
     not waive any federal immunity from state or local control, penalty, tax,
     or liability. As to this Note, Borrower may not claim or assert against SBA
     any local or state law to deny any obligation, defeat any claim of SBA, or
     preempt federal law.

9.   SUCCESSORS AND ASSIGNS:

     Under this Note, Borrower and Operating Company include the successors of
     each, and Lender includes its successors and assigns.

10.  GENERAL PROVISIONS:

     A.   All individuals and entities signing this Note are jointly and
          severally liable.

     B.   Borrower waives all suretyship defenses.

     C.   Borrower must sign all documents necessary at any time to comply with
          the Loan Documents and to enable Lender to acquire, perfect, or
          maintain Lender's liens on Collateral.

     D.   Lender may exercise any of its rights separately or together, as many
          times and in any order it chooses. Lender may delay or forgo enforcing
          any of its tights without giving up any of them.

     E.   Borrower may not use an oral statement of Lender or SBA to contradict
          or alter the written terms of this Note.

     F.   If any part of this Note Is unenforceable, all other parts remain in
          effect.

     G.   To the extent allowed by law, Borrower waives all demands and notices
          in connection with this Note, including presentment, demand, protest,
          and notice of dishonor. Borrower also waives any defenses based upon
          any claim that Lender did not obtain any guarantee; did not obtain,
          perfect, or maintain a lien upon Collateral; impaired Collateral; or
          did not obtain the fair market value of Collateral at a sale.

11.  STATE-SPECIFIC PROVISIONS:

12.  BORROWER'S NAME(S) AND SIGNATURE(S):

     By signing below, each individual or entity becomes obligated under this
     Note as Borrower.

BORROWER:

INFINITE GRAPHICS, INC.

By: /S/ Clifford Stritch
  ------------------------------------------------------------
    Clifford Stritch, President of Infinite Graphics, Inc.

GP:907198 v1

SBA FORM 147 (10/22/98)  Previous editions obsolete

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