Document:

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                                                                    Exhibit 10.2

                          GUARANTOR SECURITY AGREEMENT
                          ----------------------------

     THIS GUARANTOR SECURITY AGREEMENT (this "Agreement") is made this 1st day
of July, 2003 by AMERICAN BUSINESS CREDIT CORPORATION, a Florida corporation,
CORPORATE CONSULTING GROUP, INC., a Florida corporation, DANKA IMAGING
DISTRIBUTION, INC., a Delaware corporation, DANKA MANAGEMENT COMPANY, INC., a
Florida corporation, DANKA MANAGEMENT II COMPANY, INC., a Florida corporation,
D.I. INVESTMENT MANAGEMENT, INC., a Nevada corporation, HERMAN ENTERPRISES INC.
OF SOUTH FLORIDA, a Florida corporation, and QUALITY BUSINESS, INC., a Florida
corporation (sometimes individually referred to as "Debtor" and sometimes
collectively referred to as "Debtors"), in favor of FLEET CAPITAL CORPORATION, a
Rhode Island corporation, having an office at 300 Galleria Parkway, N.W. Suite
800, Atlanta, Georgia 30339, as collateral and administrative agent (in such
capacity, together with its successors in such capacity, "Agent") for various
financial institutions (the "Lenders") that are parties from time to time to the
Loan Agreement (as defined below).

     1.   Grant of Security Interest. To secure the prompt payment and
performance of all of the Indebtedness (as defined below), each Debtor hereby
grants to Agent, for the benefit of Secured Parties (as defined in the Loan
Agreement), a continuing security interest in and lien upon all of the following
property and interests in property (the "Collateral") of such Debtor, whether
now owned or existing or hereafter created, acquired or arising and wheresoever
located:

          (a)  all accounts (as defined in the UCC) and other recivables, and
     any and all rights of such Debtor to payment for goods sold or leased or
     for services rendered that are not evidenced by an Instrument or Chattel
     Paper, whether or not they have been earned by performance;

          (b)  all inventory(as defined in the UCC), including all goods
     intended for sale or lease by such Debtor, or for display or demonstration;
     all work in process, all raw materials and other materials and supplies of
     every nature and description used or which might be used in connection with
     the manufacture, printing, packing, shipping, advertising, selling, leasing
     or furnishing such goods or otherwise used or consumed in such Debtor's
     business (but excluding Equipment as defined in the Loan Agreement);

          (c)  all instruments (as defined in the UCC);

          (d)  all chattel paper (as defined in the UCC);

          (e)  all documents (as defined in the UCC);

          (f)  all general intangibles (as defined in the UCC), including
     payment intangibles (as defined in the UCC) and software (as defined in the
     UCC);

          (g)  all deposit accounts (as defined in the UCC), including all
     demand, time, savings, passbook, money market or other depository accounts,
     and all certificates of deposit, maintained by such Debtor with any bank,
     savings and loan association, credit union, or other depository
     institution;

<PAGE>

          (h)  all investment property (as defined in the UCC), including all
     securities (whether certificated or uncertificated), security entitlements,
     securities accounts, commodity contracts and commodity accounts;

          (i)  all letter-of credit rights (as defined in the UCC), including
     all rights of such Debtor to payment or performance under a letter of
     credit (whether the letter of credit is written or electronic), whether or
     not such Debtor has demanded or is at the time entitled to demand payment
     or performance;

          (j)  all monies now or at any time or times hereafter in the
     possession or under the control of Agent or a Lender or a bailee or
     affiliate of Agent or a Lender, including any Cash Collateral (as defined
     in the Loan Agreement) in any cash collateral account;

          (k)  all accessions to, substitutions for and all replacements,
     products and cash and non-cash proceeds of (a)-(j) above, including
     proceeds of and unearned premiums with respect to insurance policies
     insuring any of the Collateral and claims against any person for loss of,
     damage to or destruction of any of the foregoing; and

          (l)  all books and records (including customer lists, files,
     correspondence, tapes, computer programs, print-outs, and other computer
     materials and records) of such Debtor pertaining to any of (a) through (k)
     above.

For purposes hereof, "UCC" shall mean the Uniform Commercial Code (or any
successor statute) as adopted and in force in the State of New York.

Notwithstanding the foregoing, "Collateral" shall not include (i) any stock in a
Foreign Subsidiary (as defined in the Loan Agreement), (ii) any general
intangibles or other rights arising under any contracts, instruments, licenses
or other documents to the extent that the grant of a lien or security interest
therein would (A) result in a breach of the terms of, or constitute a default
under, such contract, instrument, license, agreement or other document (other
than to the extent that any such term would be rendered ineffective pursuant to
Section 9-406, 9-407 or 9-408 of the UCC or any successor provision or other
applicable law) or (B) give any other party to such contract, instrument,
license or other document the right to terminate its obligations thereunder
pursuant to a valid and enforceable provision, (iii) any personal property
(including motor vehicles) in respect of which perfection of a lien is not
either (A) governed by the Uniform Commercial Code or (B) accomplished by
appropriate evidence of the lien being recorded in the U.S. Copyright Office or
the U.S. Patent and Trademark Office, or (iv) any property subject to any
separate pledge agreement.

The security interest granted hereby is to secure the payment and performance of
the following (collectively, the "Indebtedness"): all indebtedness, liabilities
and obligations of each Debtor to Agent and Secured Parties of every kind and
description, whether direct or indirect, joint or several, absolute or
contingent, due or to become due, now existing or hereafter arising, including,
without limitation: (A) all indebtedness, liabilities and obligations now or
hereafter owing by such Debtor to Agent and Lenders under a certain Continuing
Guaranty Agreement (at any time amended, the "Guaranty") among Debtors, certain
affiliates of Debtors, Agent and Lenders, dated on or about the date hereof,
pursuant to which each Debtor, and certain affiliates of Debtors,
unconditionally guaranteed payment of all Obligations (as defined in the Loan
Agreement) of Danka Office Imaging

                                       2

<PAGE>

Company and Danka Holding Company, (collectively, the "Borrowers") under that
certain Loan and Security Agreement (as at any time amended, the "Loan
Agreement"), dated on or about the date hereof, among Borrowers, Agent and
Lenders, and (B) all indebtedness, liabilities and obligations now or hereafter
owing by such Debtor, and certain of Debtors' affiliates, to Agent under this
Agreement, (jointly called "Loan Documents").

     2.   Representations, Covenants and Warranties of Debtors. Each Debtor,
hereby represents, covenants, warrants, and agrees to and with Agent as follows:

          (a)  Each Debtor is an entity duly organized, validly existing and in
     good standing under the laws of the jurisdiction of its organization, and
     the office at which each Debtor maintains its books and records is located
     at the location indicated on Exhibit A attached hereto;

          (b)  Debtors, taken as a whole, are now Solvent (as defined in the
     Loan Agreement) and, after giving effect to the Loans to be made under the
     Loan Agreement, the Letters of Credit to be issued in connection with the
     Loan Agreement and the consummation of the other transactions described in
     the Loan Agreement, will be Solvent.

          (c)  All risk of loss of its respective Collateral hereunder shall be
     upon such Debtor;

          (d)  Such Debtor shall keep its respective Collateral free and clear
     from any and all security interests, unpaid charges, attachments, levies,
     and liens of every kind, except for the security interest granted hereunder
     to Agent and Permitted Liens (as defined in the Loan Agreement);

          (e)  Such Debtor shall not change its name or its state of
     organization without giving Agent at least thirty (30) days prior written
     notice thereof;

          (f)  Such Debtor shall not change its principal place of business or
     its chief executive office without having given Agent at least sixty (30)
     days prior written notice;

          (g)  Such Debtor shall use, keep and maintain its respective
     inventory, at its places of business, and shall (i) not move such inventory
     therefrom, without the prior written approval of Agent, except that such
     Debtor may move inventory to another location in the United States so long
     as such Debtor shall give Agent written notice of any such new location at
     which inventory with a value in excess of $500,000 is maintained within 30
     days of such Debtor's establishment of such location, and (ii) not dispose
     of any of such Collateral except for sales of inventory in the ordinary
     course of business, and other dispositions permitted under the Loan
     Agreement;

          (h)  Such Debtor shall keep and maintain all material, tangible items
     of its respective Collateral in saleable condition, and such Debtor agrees
     that such Collateral may be inspected and examined by Agent or its agents
     during normal business hours, upon reasonable prior notice, and that Agent
     shall have the right to inspect, audit, examine, check, or make copies of,
     or extracts from, the books, files, accounts, and all other records of such
     Debtor pertaining to such Debtor's business or any of its respective
     Collateral;

                                       3

<PAGE>

          (i)  Such Debtor shall preserve and maintain its corporate existence,
     rights, franchises and privileges in the jurisdiction of its incorporation,
     except as otherwise permitted by the Loan Agreement, and shall comply with
     the requirements of all applicable laws, rules, regulations and orders of
     any governmental authority, the noncompliance with which could be
     reasonably expected to have a Material Adverse Effect (as defined in the
     Loan Agreement);

          (j)  Such Debtor shall keep all tangible items of Collateral owned by
     it fully insured as required by the Loan Agreement;

          (k)  During the five (5) year period preceding the date of this
     Agreement, such Debtor has never carried on business, trade as, been known
     as, used or incorporated under any name other than the name appearing on
     the first page of this Agreement, except as set forth on Schedule 8.1.5 to
     the Loan Agreement;

          (l)  Such Debtor shall provide to Agent such financial information
     concerning such Debtor as required pursuant to the Loan Agreement; and

          (m)  Such Debtor shall not merge or consolidate with, nor shall such
     Debtor acquire all or substantially all of the capital stock or assets of,
     any person or entity except as permitted by the Loan Agreement;

     3.   Further Assurances; Authorization. Promptly after Agent's request
therefore, Debtors shall execute, or cause to be executed, and deliver to Agent
such instruments, assignments, or other documents as are necessary under the UCC
or other Applicable Law to perfect (or continue the perfection of) Agent's Lien
upon the Collateral and shall take such other action as may be reasonably
requested by Agent to give effect to or carry out the intent and purpose of this
Agreement, including, without limitation, all necessary financing statements,
landlord waivers, mortgagee waivers and subordination agreements. Each Debtor
shall reimburse Agent for the costs of filing or recording any such documents in
all public offices deemed necessary by Agent. Each Debtor shall give Agent
prompt written notice at any time such Debtor commences a material commercial
tort claim (as defined in the UCC) against any person that it intends to pursue
and, upon Agent's written request, shall execute such documents as are necessary
under the UCC to grant to Agent and perfect Agent's lien in such commercial tort
claim. Unless prohibited by Applicable Law, each Debtor hereby irrevocably
authorizes Agent to execute and file in any jurisdiction any financing statement
or amendment thereto on such Debtor's behalf, including financing statements
with respect to the Collateral. Each Debtor also hereby ratifies its
authorization for Agent to have filed in any jurisdiction any like financing
statements or amendments thereto if filed prior to the date hereof. The parties
agree that a carbon, photographic or other reproduction of this Agreement shall
be sufficient as a financing statement and may be filed in any appropriate
office in lieu thereof.

     4.   Events of Default. It is understood and agreed that an event of
default shall be deemed to have occurred under this Agreement, and Agent shall
be entitled to take such actions as are elsewhere provided herein, in the event
that an Event of Default shall occur under the Loan Agreement.

                                       4

<PAGE>

     5.   Rights and Remedies Upon Default. Upon or at any time after the
occurrence of any one or more of the events of default specified in paragraph 4
hereof, the Indebtedness may become immediately due and payable as set forth in
the Loan Agreement, and Agent shall thereupon have and may exercise from time to
time any and all rights and remedies afforded to a secured party under the UCC,
together with every right and remedy available to Agent under any other
applicable law. In addition to, and without limiting the generality of the
foregoing, Agent shall have the following rights and remedies:

          (a)  The right at any time to notify any account debtor on any
     Collateral to make all payments owing to any or all of the Debtors directly
     to Agent for application to the Indebtedness and to collect all amounts
     owing from any such account debtor;

          (b)  The right at any time or times, without advertisement or
     publication (unless required by law), to sell, lease or otherwise dispose
     of any or all of the Collateral at public or private sale, for cash, upon
     credit or upon such other terms as Agent deems advisable in its sole
     discretion, or otherwise to realize upon the whole or from time to time any
     part of the Collateral in which Agent shall have a security interest
     hereunder, Debtors remaining liable for any deficiency. Agent or any Lender
     may bid and be the purchaser at any such sale if permitted by law;

          (c)  The right to conduct any such sales of Collateral on any Debtor's
     premises or elsewhere and the right to use any Debtor's premises without
     charge for such time or times as Agent may see fit;

          (d)  The right to require each Debtor, at such Debtor's expense, to
     assemble its respective Collateral and make it available to Agent at a
     place reasonably convenient to both parties. Alternatively, Agent may
     peaceably by its own means or with judicial assistance enter each Debtor's
     premises and take possession of its respective Collateral or dispose of
     such Collateral on such Debtor's premises without resistance or
     interference by such Debtor;

          (e)  The right to incur reasonable attorney's fees and expenses in
     exercising any of the rights, remedies, powers or privileges provided
     hereunder, and the right (but not the obligation) to pay, satisfy and
     discharge, or to bond, deposit or indemnify against, any tax or other lien
     which in the opinion of Agent or its counsel may in any manner or to any
     extent be a lien upon any of the Collateral, all of which fees, payments
     and expenses shall become part of Agent's expenses of retaking, holding,
     preparing for sale and the like, and shall be added to and become a part of
     the principal amount of the Indebtedness; and

          (f)  The right to apply the proceeds realized from any collection,
     sale, lease or other disposition of any of the Collateral first to the
     costs, expenses and attorneys' fees incurred by Agent in the collection of
     any Indebtedness or in connection with the repossession, preparation for
     sale, protection, removal, storage, sale and delivery of the Collateral;
     second, to interest due upon the principal amount of the Indebtedness; and
     third, to the principal amount of the Indebtedness. If any deficiency shall
     arise, each Debtor shall remain bound and liable to Agent therefor.

                                       5

<PAGE>

Agent shall not be liable or responsible to any Debtor in any way for the
safeguarding of any of the Collateral, for any loss or damage thereto (except
for reasonable care required while any Collateral is in Agent's actual
possession), for any diminution in the value thereof, or for any act or default
of any carrier, warehouseman, forwarding agency, or other person whomsoever, but
the same shall be at all times at each Debtor's risk.

All rights, remedies, powers, and privileges of Agent and Lenders hereunder are
cumulative and not alternative, and may be exercised concurrently or seriatim,
and are in addition to and not in lieu of any other rights of Agent or Lenders
at law, in equity, under statute or under any other agreement with any or all of
the Debtors.

     6.   Waivers. In addition to the other waivers contained herein and in any
other agreement between any or all of the Debtors and Agent, each Debtor hereby
expressly waives, to the extent permitted by law: demand, protest, notice of
protest, notice of default or dishonor, notice of payments and nonpayments, or
of any default, release, compromise, settlement, extension or renewal of all
commercial paper, instruments or guaranties at any time held by Agent or any
Lender on which any Debtor may in any way be liable; notice of any action taken
by Agent unless expressly required by this Agreement or by law; and the benefits
of Section 9-513 of the UCC to the extent it may require Agent to terminate any
financing statement prior to the date on which this Agreement is terminated.

     7.   Indulgences Not Waivers. Neither the failure nor any delay on the part
of Agent to exercise any right, remedy, power or privilege hereunder shall
operate as a waiver thereof or give rise to any estoppel, nor be construed as an
agreement to modify the terms of this Agreement, nor shall any single or partial
exercise by Agent of any right, remedy, power or privilege preclude any other or
further exercise by Agent of the same or of any other right, remedy, power, or
privilege; nor shall any waiver by Agent of any right, remedy, power or
privilege with respect to any occurrence be construed as a waiver of such right,
remedy, power or privilege with respect to any other occurrence. No waiver by a
party hereunder shall be effective unless it is in writing and signed by the
party making such waiver, and then only to the extent specifically stated in
such writing.

     8.   Notice. All notices, requests and demands to or upon a party hereto
shall be in writing and shall be sent by certified or registered mail, return
receipt requested, personal delivery against receipt or by telecopier or other
facsimile transmission and shall be deemed to have been validly served, given or
delivered when delivered against receipt or, in the case of facsimile
transmission, when received (if on a Business Day (as defined in the Loan
Agreement) and, if not received on a Business Day, then on the next Business Day
after receipt) at the office where the noticed party's telecopier is located, in
each case addressed to the noticed party as set forth below:

          (A) If to Agent:              Fleet Capital Corporation
                                        300 Galleria Parkway, N.W.
                                        Suite 800
                                        Atlanta, Georgia  30339
                                        Attention: Loan Administration, Manager
                                        Telecopy No.: (770) 859-2483

                                       6

<PAGE>

              With a courtesy copy to:  Parker, Hudson, Rainer & Dobbs LLP
                                        1500 Marquis Two Tower
                                        285 Peachtree Center Avenue, N.E.
                                        Atlanta, Georgia  30303
                                        Attention: C. Edward Dobbs, Esq.
                                        Telecopy No.: (404) 522-8409

          (B) If to Debtors:            Danka Holding Company
                                        11201 Danka Circle, N.
                                        St. Petersburg, Florida  33716
                                        Attention:  Larry Schaad, Treasurer
                                        Telecopy No.: (727) 577-4802
                                        Copy to: Keith Nelsen, Esq.
                                        Telecopy No.: (727) 579-2880

              With a courtesy copy to:  Skadden, Arps, Slate, Meagher & Flom
                                        (Illinois)
                                        333 West Wacker Drive
                                        Chicago, Illinois
                                        Attention: David F. Kolin, Esq.
                                        Telecopy No.: (312) 407-8537

or to such other address as each party may designate for itself by like notice
given in accordance with this paragraph 8.

The parties hereby agree that a notice sent as specified in this paragraph at
least ten (10) calendar days before the date of any intended public sale or the
date after which any private sale or other intended disposition of the
Collateral is to be made by Agent shall be deemed to be reasonable notice of
such sale or other disposition. All notice is hereby waived with respect to any
of the Collateral which threatens to decline speedily in value or is of a type
customarily sold on a recognized market.

     9.   Governing Law. This Agreement shall be governed in all respects by,
and construed in accordance with, the laws of the State of New York, including,
without limitation, the Uniform Commercial Code of the State of New York.

     10.  Entire Agreement. This Agreement together with the other Loan
Documents constitutes and expresses the entire understanding between the parties
hereto with respect to the subject matter hereof, and supersedes all prior and
contemporaneous agreements and understandings, inducements or conditions,
express or implied, oral or written, except as herein contained. The express
terms hereof control and supersede any course of performance or usage of the
trade inconsistent with any of the terms hereof. Neither this Agreement nor any
portion or provision hereof may be changed, altered, waived, modified,
supplemented, discharged, cancelled, terminated, or amended orally or in any
manner other than by an agreement in writing signed by the parties hereto.

                                       7

<PAGE>

     11.  Paragraph Headings. The paragraph headings in this Agreement are for
convenience of reference only; they form no part of this Agreement and shall not
affect its interpretation.

     12.  Severability. The provisions of this Agreement are independent of and
separable from each other. If any provision hereof shall for any reason be held
invalid or unenforceable, such invalidity or unenforceability shall not affect
the validity or enforceability of any other provision hereof, but this Agreement
shall be construed as if such invalid or unenforceable provision had never been
contained herein.

     13.  Successors and Assigns. The rights, remedies, powers, and privileges
of Agent and Lenders hereunder shall inure to the benefit of the successors and
assigns of Agent and Lenders, and the duties and obligations of each Debtor
hereunder shall bind the successors and assigns of such Debtor.

     14.  Term of Agreement. This Agreement shall continue in full force and
effect until all of the Indebtedness has been satisfied in full and the Loan
Documents have been terminated. Agent agrees that upon payment in full of all
Indebtedness, the security interests granted to Agent in the Collateral shall
automatically terminate and all rights to the Collateral shall revert to the
applicable Debtor. Agent further agrees that upon such termination of the
security interests or release or re-assignment of any Collateral, Agent shall,
at the expense of the applicable Debtor, return all Collateral then in Agent's
possession and execute and deliver to the applicable Debtor such documents as
such Debtor shall reasonably request to evidence the termination of the security
interests or the release and re-assignment of such Collateral, as the case may
be.

     15.  Execution in Counterparts. This Agreement may be executed in any
number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed and delivered shall be deemed to be an original
and all of which counterparts taken together shall constitute but one and the
same instrument. In proving this Agreement in any judicial proceeding, it shall
not be necessary to produce or account for more than one such counterpart signed
by the party against whom such enforcement is sought.

     16.  Forum Selection. This Agreement and the rights and obligations of the
parties hereto shall be governed by and construed in accordance with the laws of
the State of New York (including N.Y. Gen. Obligs. Section 5-1401) ; provided,
however, that, if any of the Collateral shall be located in any jurisdiction
other than New York, the laws of such jurisdiction shall govern the method,
manner and procedure for foreclosure of Agent's Lien upon such Collateral and
the enforcement of Agent's other remedies in respect of such Collateral to the
extent that the laws of such jurisdiction are different from or inconsistent
with the laws of the State of New York. As part of the consideration for new
value given to Borrowers under the Loan Agreement, and regardless of any present
or future domicile or principal place of business of any Debtor, each Debtor
hereby consents and agrees that the State Courts of New York sitting in the
Borough of Manhattan, or, at Agent's option, the United States District Court
for the Southern District of New York, shall have jurisdiction to hear and
determine any claims or disputes among any or all Debtors pertaining to this
Agreement or to any matter arising out of or related to this Agreement. Each
Debtor expressly submits and consents in advance to such jurisdiction in any
action or suit commenced in any such Court, and each Debtor hereby waives any
objection that such Debtor may have based

                                       8

<PAGE>

upon lack of personal jurisdiction, improper venue or forum non conveniens and
hereby consents to the granting of such legal or equitable relief as is deemed
appropriate by such Court. Each Debtor hereby waives personal service of the
summons, complaint and other process issued in any such action or suit and
agrees that service of such summons, complaint and other process may be made by
certified mail addressed to such Debtor at the address set forth in this
Agreement and that service so made shall be deemed completed upon the earlier of
such Debtor's actual receipt thereof or 3 days after deposit in the U.S. mails,
proper postage prepaid. Nothing in this Agreement shall be deemed or operate to
affect the right of Agent to serve legal process in any other manner permitted
by law, or to preclude the enforcement by Agent of any judgment or order
obtained in such forum or the taking of any action under this Agreement to
enforce same in any other appropriate forum or jurisdiction.

     17.  Miscellaneous. Agent and any Lender may assign, or sell participations
in, its right, title and interest herein, in any of the Indebtedness, in the
Collateral, and in any agreements or instruments now or hereafter evidencing or
securing any of the Indebtedness at any time or times without notice to or the
consent of any Debtor. This Agreement shall not become effective until accepted
by Agent in Atlanta, Georgia, but each Debtor hereby waives notice of such
acceptance by Agent. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH
DEBTOR AND AGENT HEREBY WAIVE THE RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT,
PROCEEDING OR COUNTERCLAIM CONCERNING THIS AGREEMENT.

                         [Signatures on following pages]

                                       9

<PAGE>

 IN WITNESS WHEREOF, each Debtor has caused this Agreement to be signed, sealed
  and delivered in Chicago, Illinois, on the day and year first written above.

                                        AMERICAN BUSINESS CREDIT CORPORATION

                                        By: /s/ Keith J. Nelsen
                                           ------------------------------------
                                           Name:  Keith J. Nelsen
                                                -------------------------------
                                           Title: Secretary
                                                 ------------------------------

                                        CORPORATE CONSULTING GROUP, INC.

                                        By: /s/ Keith J. Nelsen
                                           ------------------------------------
                                           Name:  Keith J. Nelsen
                                                -------------------------------
                                           Title: Secretary
                                                 ------------------------------

                                        DANKA IMAGING DISTRIBUTION, INC.

                                        By: /s/ Keith J. Nelsen
                                           ------------------------------------
                                           Name:  Keith J. Nelsen
                                                -------------------------------
                                           Title: Secretary
                                                 ------------------------------

                                        DANKA MANAGEMENT COMPANY, INC.

                                        By: /s/ Keith J. Nelsen
                                           ------------------------------------
                                           Name:  Keith J. Nelsen
                                                -------------------------------
                                           Title: Secretary
                                                 ------------------------------

                                        DANKA MANAGEMENT II COMPANY, INC.

                                        By: /s/ Keith J. Nelsen
                                           ------------------------------------
                                           Name:  Keith J. Nelsen
                                                -------------------------------
                                           Title: Secretary
                                                 ------------------------------

                                       10

<PAGE>

                                       D.I. INVESTMENT MANAGEMENT, INC.

                                       By: /s/ Keith J. Nelsen
                                          ------------------------------------
                                          Name:  Keith J. Nelsen
                                               -------------------------------
                                          Title: Secretary
                                                ------------------------------

                                       HERMAN ENTERPRISES, INC. OF SOUTH FLORIDA

                                       By: /s/ Keith J. Nelsen
                                          ------------------------------------
                                          Name:  Keith J. Nelsen
                                               -------------------------------
                                          Title: Secretary
                                                ------------------------------

                                       QUALITY BUSINESS, INC.

                                       By: /s/ Keith J. Nelsen
                                          ------------------------------------
                                          Name:  Keith J. Nelsen
                                               -------------------------------
                                          Title: Secretary
                                                ------------------------------

                                       Accepted:
                                       --------

                                       FLEET CAPITAL CORPORATION, as Agent
                                       ("Agent")

                                       By: /s/ Stephen Y. McGehee
                                          ------------------------------------
                                          Name:  Stephen Y. McGehee
                                               -------------------------------
                                          Title: Senior Vice President
                                                ------------------------------

                                       11

<PAGE>

                                    EXHIBIT A

                         (Location of Books and Records)<PAGE>

                                                                    Exhibit 10.3

                             STOCK PLEDGE AGREEMENT
                             ----------------------

     THIS STOCK PLEDGE AGREEMENT (this "Agreement") is made and entered into as
of July 1, 2003, by and among DANKA OFFICE IMAGING COMPANY and DANKA HOLDING
COMPANY, each a Delaware corporation (sometimes hereafter individually referred
to as "Pledgor" and sometimes jointly referred to as the "Pledgors") and FLEET
CAPITAL CORPORATION, a Rhode Island corporation, as Agent (the "Agent") for each
of the financial institutions (the "Lenders" and collectively with the Agent,
the "Lenders") now or hereafter party to the Loan Agreement (as defined below).
All capitalized terms used but not otherwise defined herein shall have the
respective meanings assigned thereto in the Loan Agreement.

                                  WITNESSETH:
                                  -----------

     WHEREAS, the Pledgors, the Agent and the Lenders have entered into that
certain Loan and Security Agreement dated as of the date hereof (as amended,
supplemented or replaced from time to time, the "Loan Agreement"); and

     WHEREAS, each Pledgor desires to pledge to the Agent for the ratable
benefit of the Lenders to secure the payment and performance of all Obligations
under the Loan Agreement of all of its interest in all of the issued and
outstanding shares of common stock now and hereafter owned by such Pledgor of
each of its Domestic Subsidiaries (all such capital stock hereafter referred to
as the "Pledged Stock"); and

     WHEREAS, each Pledgor will materially benefit from the loans and advances
to be made and the letters of credit to be issued under the Loan Agreement;

     NOW, THEREFORE, in consideration of the premises and the mutual covenants
contained herein, the parties hereto agree as follows:

     1.   Pledge of Stock; Other Collateral.

          1.1. As collateral security for the payment and performance of all of
the Obligations, as defined in the Loan Agreement (collectively, the
"Obligations"), and subject to Section 10 hereof, each Pledgor hereby pledges
and collaterally assigns to the Agent for the benefit of the Lenders, and grants
to the Agent for the benefit of the Lenders pursuant to the New York Uniform
Commercial Code (the "UCC") security interest in the Pledged Stock and all of
the following:

               (a)  all cash, securities, dividends, rights, interests and other
     property at any time and from time to time declared or distributed in
     respect of or in exchange for any or all of the Pledged Stock, other than
     dividends permitted to be retained by such Pledgor under the Loan
     Agreement; and

               (b)  all other property hereafter delivered to the Agent in
     substitution for or in addition to any of the foregoing, all certificates
     and instruments representing or evidencing such property and all cash,
     securities, interest, dividends, rights, and other property at any time and
     from time to time declared or distributed in respect of or in exchange for
     any or all of the Pledged Stock.

<PAGE>

All such Pledged Stock, certificates, instruments, cash, securities, interest,
dividends, rights and other property referred to in this Section 1, other than
dividends issued in respect of such Pledged Stock that are permitted to be
retained by such Pledgor under the Loan Agreement, are herein collectively
referred to as the "Collateral." All of the Pledged Stock is owned by the
respective Pledgors and represented by the stock certificates listed on Schedule
I hereto. There have been delivered to the Agent with respect to all the
certificated Pledged Stock existing on the date hereof, certificates evidencing
such Pledged Interests, together with undated stock powers or other transfer
instruments duly executed in blank by the Pledgor.

          1.2. The Pledgor agrees to deliver all the Collateral to the Agent at
such location as the Agent shall from time to time designate by written notice
pursuant to Section 19 hereof for its custody at all times until termination of
this Agreement, together with such instruments of assignment and transfer as
requested by the Agent.

          1.3. All advances, charges, costs and expenses, including reasonable
attorneys' fees, incurred or paid by the Agent in exercising any right, power or
remedy conferred by this Agreement, or in the enforcement thereof, shall become
a part of the Obligations secured hereunder and shall be paid to the Agent for
the benefit of the Lenders by each Pledgor immediately upon demand therefor,
with interest thereon until paid in full at the Base Rate.

     2.   Status of Pledged Stock.

     Each Pledgor hereby represents and warrants to the Agent for the benefit of
the Lenders that (a) all of the shares of the Pledged Stock are validly issued
and outstanding, fully paid and nonassessable and constitute all the issued and
outstanding shares of voting stock of each Domestic Subsidiary, as set forth on
Schedule I hereto, (b) each Pledgor is the registered and record and beneficial
owner of its Pledged Stock, free and clear of all Liens, charges, equities,
encumbrances and restrictions on pledge or transfer (other than the pledge
hereunder and under the Loan Documents, Permitted Liens and applicable
restrictions pursuant to federal and state securities laws), (c) it has full
corporate power, legal right and lawful authority to execute this Agreement and
to pledge, assign and transfer its Pledged Stock in the manner and form hereof,
and (d) the pledge, assignment, grant of security interest in, and delivery of
its Pledged Stock (other than the Membership Interest) to the Agent for the
benefit of the Lenders pursuant to this Agreement and the filing of any
appropriate UCC financing statements creates a valid and perfected first
priority security interest in such Pledged Stock, securing the payment of the
Obligations. Except as otherwise expressly provided herein or in the Loan
Agreement, none of the Pledged Stock (nor any interest therein or thereto) shall
be sold, transferred or assigned without the Agent's prior written consent,
which may be withheld for any reason. Each Pledgor covenants with the Agent for
the benefit of the Lenders that it shall at all times cause its Pledged Stock to
be represented by the certificates now and hereafter delivered to the Agent in
accordance with Section 1 hereof and that it shall cause each of its
Subsidiaries not to issue any capital stock, or securities convertible into
capital stock, at any time during the term of this Agreement other than to a
Pledgor or another Pledgor who shall immediately pledge such additional capital
stock to the Agent on substantially identical terms as are contained herein.
Each Pledgor hereby agrees not to enter into any agreement requiring that the
voting rights associated with the Pledged Stock be exercised in any particular
manner nor grant any interest in or permit to exist any Lien, charge,
encumbrance or restriction with respect to the Pledged

                                        2

<PAGE>

Stock (other than applicable restrictions pursuant to federal and state
securities laws and Permitted Liens).

     3.   Preservation and Protection of Collateral.

          3.1. The Agent shall be under no duty or liability with respect to the
collection, protection or preservation of the Collateral, or otherwise, beyond
the use of reasonable care in the custody and preservation thereof while in its
possession.

          3.2. Each Pledgor agrees to pay when due all taxes, charges, Liens and
assessments against the Collateral, unless being contested in good faith by
appropriate proceedings diligently conducted and against which adequate reserves
have been established in accordance with GAAP. Upon the failure of any Pledgor
to so pay or contest such taxes, charges, Liens or assessments, the Agent at its
option may pay or contest any of them (the Agent having the sole right to
determine the legality or validity and the amount necessary to discharge such
taxes, charges, Liens or assessments).

     4.   Default.

          If an Event of Default set forth in the Loan Agreement shall occur and
be continuing, or should a Pledgor fail otherwise to comply with the terms
hereof (any of the foregoing an "Event of Default"), the Agent is given full
power and authority, then or at any time thereafter, to sell, assign and deliver
or collect the whole or any part of the Collateral, or any substitute therefor
or any addition thereto, in one or more sales, with or without any previous
demands or demand of performance or, to the extent permitted by law, notice or
advertisement, in such order as the Agent may elect; and any such sale may be
made either at public or private sale at the Agent's place of business or
elsewhere, either for cash or upon credit or for future delivery, at such price
as the Agent may reasonably deem fair; and the Agent may be the purchaser of any
or all Collateral so sold and hold the same thereafter in its own right free
from any claim of a Pledgor or right of redemption. Demands of performance,
advertisements and presence of property and sale and notice of sale are hereby
waived to the extent permissible by law. Any sale hereunder may be conducted by
an auctioneer or any officer or agent of the Agent. Pledgor recognizes that the
Agent may be unable to effect a public sale of the Collateral by reason of
certain prohibitions contained in the Securities Act of 1933, as amended (the
"Securities Act"), and applicable state law, and may be otherwise delayed or
adversely affected in effecting any sale by reason of present or future
restrictions thereon imposed by governmental authorities, and that as a
consequence of such prohibitions and restrictions the Agent may be compelled (i)
to resort to one or more private sales to a restricted group of purchasers who
will be obliged to agree, among other things, to acquire the stock for their own
account, for investment and not with a view to the distribution or resale
thereof, or (ii) to seek regulatory approval of any proposed sale or sales, or
(iii) to limit the amount of Collateral sold to any Person or group. Each
Pledgor agrees and acknowledges that private sales so made may be at prices and
upon terms less favorable to Pledgor than if such Collateral was sold either at
public sales or at private sales not subject to other regulatory restrictions,
and that the Agent has no obligation to delay the sale of any of the Collateral
for the period of time necessary to permit the issuer of such Collateral to
register or otherwise qualify them, even if such issuer would agree to register
or otherwise qualify such Collateral for public sale under the Securities Act or
applicable state law. Each Pledgor further agrees, to the extent permitted by
applicable law, that the use of private sales made under the foregoing
circumstances to dispose of the Collateral shall be deemed to be dispositions in
a

                                        3

<PAGE>

commercially reasonable manner. Each Pledgor hereby acknowledges that a ready
market may not exist for the Pledged Stock if such Pledged Stock is not traded
on a national securities exchange or quoted on an automated quotation system and
in such event the Pledged Stock may be sold for an amount less than a pro rata
share of the fair market value of the issuer's assets minus its liabilities. In
addition to the foregoing, the Lenders may exercise such other rights and
remedies as may be available under the Loan Documents, at law (including without
limitation the UCC) or in equity.

     5.   Proceeds of Sale.

          The proceeds of the sale of any of the Collateral and all sums
received or collected from or on account of such Collateral shall first be
applied to the payment of expenses incurred or paid by the Agent in connection
with any sale, transfer or delivery of the Collateral, then to the payment of
any other costs, charges, reasonable attorneys' fees or expenses incurred by
Agent in connection to and then in accordance with the terms of the Loan
Agreement. The Agent shall, upon satisfaction in full of all such Obligations,
pay any balance to Pledgors.

     6.   Presentments, Etc.

          The Agent shall not be under any duty or obligation whatsoever to make
or give any presentments, demands for performances, notices of nonperformance,
protests, notice of protest or notice of dishonor in connection with any
obligations or evidences of indebtedness held thereby as collateral, or in
connection with any obligations or evidences of indebtedness which constitute in
whole or in part the Obligations secured hereunder, except as required by
Applicable Law.

     7.   Attorney-in-Fact.

          Each Pledgor hereby appoints the Agent as such Pledgor's
attorney-in-fact for the purposes of carrying out the provisions of this
Agreement and taking any action and executing any instrument which the Agent may
deem necessary or advisable to accomplish the purposes hereof, which appointment
is irrevocable and coupled with an interest; provided, that the Agent shall have
and may exercise rights under this power of attorney only upon the occurrence
and during the continuance of an Event of Default. Without limiting the
generality of the foregoing, upon the occurrence and during the continuance of
an Event of Default, the Agent shall have the right and power to receive,
endorse and collect all checks and other orders for the payment of money made
payable to such Pledgor representing any dividend, payment, or other
distribution payable or distributable in respect to the Collateral or any part
thereof and to give full discharge for the same.

     8.   Absolute Rights and Obligations.

          All rights of the Lenders, and all obligations of the Pledgors
hereunder, shall be absolute and unconditional irrespective of:

          8.1. any lack of validity or enforceability of the Loan Agreement, any
other Loan Document or any other agreement or instrument relating to any of the
Obligations;

          8.2. any change in the time, manner or place of payment of, or in any
other term of, all or any of the Obligations, or any other amendment or waiver
of or any consent to any

                                        4

<PAGE>

departure from the Loan Agreement, any other Loan Document or any other
agreement or instrument relating to any of the Obligations;

          8.3. any exchange, release or non-perfection of any other collateral,
or any release or amendment or waiver of or consent to departure from the terms
of the Loan Agreement, any guaranty, or any other security for all or any of the
Obligations; or

          8.4. any other circumstances which might otherwise constitute a
defense available to, or a discharge of, any Pledgor in respect of the
Obligations or of this Agreement.

     9.   Waiver by Pledgors.

          Each Pledgor waives (to the extent permitted by applicable law) (a)
any right to require any Agent, any Lender or any other obligee of the
Obligations to (i) proceed against the Pledgors, a Borrower, any Guarantor or
any other Person or entity, (ii) proceed against or exhaust any Collateral as
defined in the Loan Agreement, or (iii) pursue any other remedy in its power and
(b) any defense arising by reason of any disability or other defense of the
Borrower, any Guarantor or any other Person, or by reason of the cessation from
any cause whatsoever of the liability of the Borrower, any Guarantor or any
other Person or entity. Until the payment in full of the Obligations and the
termination of the Loan Agreement, no Pledgor shall have any right of
subrogation, and each Pledgor waives any right to enforce any remedy which Agent
or any Lender or any other obligee of the Obligations now has or may hereafter
have against any other Person and waives (to the extent permitted by applicable
law) any benefit of and any right to participate in any collateral or security
whatsoever now or hereafter held by the Agent for the benefit of the Lenders.
Each Pledgor authorizes Agent, any Lender and any other obligee of the
Obligations without notice (except notice required by applicable law) or demand
and without affecting its liability hereunder or under the Loan Documents from
time to time to: (i) take and hold security, other than the Collateral herein
described, for the payment of such Obligations or any part thereof, and
exchange, enforce, waive and release the Collateral herein described or any part
thereof or any such other security; and (ii) apply such Collateral or other
security and direct the order or manner of sale thereof as Agent. such Lender or
obligee in its discretion may determine.

          The Agent may at any time deliver (without representation, recourse or
warranty) the Collateral or any part thereof to a Pledgor free and clear of all
liens and the receipt thereof by such Pledgor shall be a complete and full
acquittance for the Collateral so delivered, and the Lenders shall thereafter be
discharged from any liability or responsibility therefor.

     10.  Dividends and Voting Rights.

          10.1. All dividends and other distributions with respect to any of the
Pledged Stock shall be subject to the pledge hereunder except for dividends, if
any, permitted to be retained by such Pledgor under the Loan Agreement. So long
as no Event of Default shall have occurred and be continuing, any such dividends
may be retained by such Pledgor free from any Liens hereunder. Following the
occurrence and during the continuance of any Event of Default, all dividends
shall be promptly delivered to the Agent (together with stock powers or
instruments of assignment duly executed in blank affixed to any capital stock or
other negotiable document or instrument so distributed) to be held, released or
disposed of by it hereunder or, at the option of the Agent, to be applied to the
Obligations hereby secured as they become due.

                                        5

<PAGE>

          10.2. So long as no Event of Default shall have occurred and be
continuing, the registration of the Collateral in the name of a Pledgor shall
not be changed and such Pledgor shall be entitled to exercise all voting and
other rights and powers pertaining to the Collateral for all purposes not
inconsistent with the terms hereof.

          10.3. Upon the occurrence and during the continuance of any Event of
Default, at the option of the Agent, all rights of a Pledgor to receive and
retain dividends upon the Collateral shall cease and shall thereupon be vested
in the Agent for the benefit of the Lenders.

          10.4. Upon the occurrence and during the continuance of an Event of
Default, at the option of the Agent, all rights of a Pledgor to exercise the
voting or consensual rights and powers which it is authorized to exercise
pursuant to subsection (b) above shall cease and the Agent may thereupon (but
shall not be obligated to) cause such Collateral to be registered in the name of
the Agent or its nominee or agent for the benefit of the Lenders and exercise
such voting or consensual rights and powers as appertain to ownership of such
Collateral, and to that end each Pledgor hereby appoints the Agent as its proxy,
with full power of substitution, to vote and exercise all other rights as a
shareholder with respect to such Pledged Stock hereunder upon the occurrence and
during the continuance of an Event of Default, which proxy is coupled with an
interest and is irrevocable prior to termination of this Agreement, and each
Pledgor hereby agrees to provide such further proxies as the Agent may request;
provided, however, that the Agent in its discretion may from time to time
refrain from exercising, and shall not be obligated to exercise, any such voting
or consensual rights or such proxy.

     11.  Power of Sale.

     Until the Obligations have been paid in full and the Loan Agreement
terminated or this Agreement terminated in writing by Agent with respect to a
Pledgor, the power of sale and other rights, powers and remedies granted to the
Agent for the benefit of the Lenders hereunder shall continue to exist and may
be exercised by the Agent at any time and from time to time, upon the occurrence
and during the continuance of an Event of Default, irrespective of the fact that
any Obligations or any part thereof may have become barred by any statute of
limitations or that the liability of a Pledgor (other than any Pledgor with
respect to which this Agreement has been terminated) may have ceased.

     12.  Other Rights.

     The rights, powers and remedies given to the Agent for the benefit of the
Lenders by this Agreement shall be in addition to all rights, powers and
remedies given to any Lender by virtue of any statute or rule of law. Any
forbearance or failure or delay by the Agent in exercising any right, power or
remedy hereunder shall not be deemed to be a waiver of such right, power or
remedy, and any single or partial exercise of any right, power or remedy
hereunder shall not preclude the further exercise thereof; and every right,
power and remedy of the Lenders shall continue in full force and effect until
such right, power or remedy is specifically waived by the Required Lenders by an
instrument in writing.

                                        6

<PAGE>

     13.  Further Assurances.

     Each Pledgor agrees at its own expense to do such further acts and things,
and to execute and deliver such additional conveyances, assignments, financing
statements, agreements and instruments, as the Agent may at any time reasonably
request in connection with the administration or enforcement of this Agreement
or related to the Collateral or any part thereof or in order better to assure
and confirm unto the Agent its rights, powers and remedies for the benefit of
the Lenders hereunder. Each Pledgor hereby consents and agrees that the issuers
of or obligors in respect of the Collateral shall be entitled to accept the
provisions hereof as conclusive evidence of the right of the Agent, on behalf of
the Lenders, to exercise its rights hereunder with respect to the Collateral,
notwithstanding any other notice or direction to the contrary heretofore or
hereafter given by such Pledgor or any other Person to any of such issuers or
obligors.

     14.  Binding Agreement; Assignment.

     This Agreement, and the terms, covenants and conditions hereof, shall be
binding upon and inure to the benefit of the parties hereto, and to their
respective successors and assigns, except that no Pledgor shall be permitted to
assign this Agreement or any interest herein or in the Collateral, or any part
thereof, or otherwise pledge, encumber or grant any option with respect to the
Collateral, or any part thereof, or any cash or property held by the Agent as
Collateral under this Agreement, except as permitted by the Loan Agreement.

     15.  Severability.

     In case any Lien, security interest or other right of any Lender or any
provision hereof shall be held to be invalid, illegal or unenforceable, such
invalidity, illegality or unenforceability shall not affect any other Lien,
security interest or other right granted hereby or provision hereof.

     16.  Counterparts.

     This Agreement may be executed in any number of counterparts and all the
counterparts taken together shall be deemed to constitute one and the same
instrument.

     17.  Termination.

     This Agreement and all obligations of the Pledgors hereunder shall
automatically terminate without delivery of any instrument or performance of any
act by any party on the payment finally and in full of the Obligations and the
termination of the Loan Agreement. Upon such termination of this Agreement, the
Agent shall, at the sole expense of the Pledgors, deliver to Pledgors the
certificates evidencing their respective shares of Pledged Stock, together with
any cash then constituting the Collateral not then sold or otherwise applied to
the Obligations and take such further actions as may be necessary to effect the
same.

     18.  Indemnification.

     Each Pledgor hereby covenants and agrees to pay, indemnify, and hold the
Agent and each Lender harmless from and against any and all other out-of-pocket
liabilities, costs, expenses or

                                       7

<PAGE>

disbursements of any kind or nature whatsoever arising in connection with any
claim or litigation by any Person resulting from the execution, delivery,
enforcement, performance and administration of this Agreement or the Loan
Documents, or the transactions contemplated hereby or thereby, or in any respect
relating to the Collateral or any transaction pursuant to which such Pledgor has
incurred any Obligation (all the foregoing, collectively, the "Indemnified
Liabilities"); provided, however, that the Pledgor shall have no obligation
hereunder with respect to Indemnified Liabilities arising from the willful
misconduct or gross negligence of the Agent or any Lender. The agreements in
this subsection shall survive repayment of all Obligations and the termination
or expiration of this Agreement.

     19.  Notice.

     All notices, requests and demands to or upon a party hereto shall be in
writing and shall be sent by certified or registered mail, return receipt
requested, personal delivery against receipt or by telecopier or other facsimile
transmission and shall be deemed to have been validly served, given or delivered
when delivered against receipt or, in the case of facsimile transmission, when
received (if on a Business Day (as defined in the Loan Agreement) and, if not
received on a Business Day, then on the next Business Day after receipt) at the
office where the noticed party's telecopier is located, in each case addressed
to the noticed party as set forth below:

          (A) If to Agent:              Fleet Capital Corporation
                                        300 Galleria Parkway, N.W.
                                        Suite 800
                                        Atlanta, Georgia  30339
                                        Attention: Loan Administration Officer
                                        Telecopy No.: (770) 859-2483

              With a courtesy copy to:  Parker, Hudson, Rainer & Dobbs LLP
                                        1500 Marquis Two Tower
                                        285 Peachtree Center Avenue, N.E.
                                        Atlanta, Georgia  30303
                                        Attention: C. Edward Dobbs, Esq.
                                        Telecopy No.: (404) 522-8409

          (B) If to Pledgors:           Danka Holding Company
                                        11201 Danka Circle, N.
                                        St. Petersburg, Florida  33716
                                        Attention:  Larry Schaad, Treasurer
                                        Telecopy No.: (727) 577-4802
                                        Copy to:  Keith Nelsen, Esq.
                                        Telecopy No.: (727) 579-2880

                                       8

<PAGE>

              With a courtesy copy to:  Skadden, Arps, Slate, Meagher & Flom
                                        (Illinois)
                                        333 West Wacker Drive
                                        Chicago, Illinois
                                        Attention: David F. Kolin, Esq.
                                        Telecopy No.: (312) 407-8537

or to such other address as each party may designate for itself by like notice
given in accordance with this Section 19.

     20.  Governing Law; Waivers.

     (a)  This Agreement and the rights and obligations of the parties hereto
shall be governed by and construed in accordance with the laws of the State of
New York (including N.Y. Gen. Obligs. Section 5-1401) ; provided, however, that,
if any of the Collateral shall be located in any jurisdiction other than New
York, the laws of such jurisdiction shall govern the method, manner and
procedure for foreclosure of Agent's Lien upon such Collateral and the
enforcement of Agent's other remedies in respect of such Collateral to the
extent that the laws of such jurisdiction are different from or inconsistent
with the laws of the State of New York. As part of the consideration for new
value given to Pledgors under the Loan Agreement, and regardless of any present
or future domicile or principal place of business of any Pledgor, each Pledgor
hereby consents and agrees that the State Courts of New York sitting in the
Borough of Manhattan, or, at Agent's option, the United States District Court
for the Southern District of New York, shall have jurisdiction to hear and
determine any claims or disputes among any or all Pledgors pertaining to this
Agreement or to any matter arising out of or related to this Agreement. Each
Pledgor expressly submits and consents in advance to such jurisdiction in any
action or suit commenced in any such Court, and each Pledgor hereby waives any
objection that such Pledgor may have based upon lack of personal jurisdiction,
improper venue or forum non conveniens and hereby consents to the granting of
such legal or equitable relief as is deemed appropriate by such Court. Each
Pledgor hereby waives personal service of the summons, complaint and other
process issued in any such action or suit and agrees that service of such
summons, complaint and other process may be made by certified mail addressed to
such Pledgor at the address set forth in this Agreement and that service so made
shall be deemed completed upon the earlier of such Pledgor's actual receipt
thereof or 3 days after deposit in the U.S. mails, proper postage prepaid.
Nothing in this Agreement shall be deemed or operate to affect the right of
Agent to serve legal process in any other manner permitted by law, or to
preclude the enforcement by Agent of any judgment or order obtained in such
forum or the taking of any action under this Agreement to enforce same in any
other appropriate forum or jurisdiction.

     (b)  TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH PLEDGOR AND
AGENT HEREBY WAIVE THE RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, PROCEEDING OR
COUNTERCLAIM CONCERNING THIS AGREEMENT.

     21.  Definitions. All capitalized terms used in this Agreement, unless
otherwise defined in this Agreement, shall have the meanings ascribed to such
terms in the Loan Agreement

                                       9

<PAGE>

     IN WITNESS WHEREOF, the parties have duly executed this Stock Pledge
Agreement on the day and year first written above.

                                        PLEDGORS:

                                        DANKA HOLDING COMPANY

                                        By:  /s/ Keith J. Nelsen
                                           ------------------------------------
                                        Name:  Keith J. Nelsen
                                             ----------------------------------
                                        Title: Secretary and General Counsel
                                              ---------------------------------

                                        DANKA OFFICE IMAGING COMPANY

                                        By:  /s/ Keith J. Nelsen
                                           ------------------------------------
                                        Name:  Keith J. Nelsen
                                             ----------------------------------
                                        Title: Secretary and General Counsel
                                              ---------------------------------

                                       10

<PAGE>

                                        AGENT:

                                        FLEET CAPITAL CORPORATION,
                                        as Agent for the Lenders

                                        By:  /s/ Stephen Y. McGehee
                                           ------------------------------------
                                        Name:  Stephen Y. McGehee
                                             ----------------------------------
                                        Title: Senior Vice President
                                              ---------------------------------

<PAGE>

                                   SCHEDULE I
                                   ----------

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                   Total Number
                    Name of Pledged                of Shares of   Total Number of                                      Par
                     Subsidiary or      Class of      Class       Shares of Class   Total Number of   Certificate     Value
Name of Pledgor         Issuer           Stock      Authorized      Outstanding     Shares Pledged       Number     Per Share
------------------------------------------------------------------------------------------------------------------------------
<S>               <C>                   <C>        <C>            <C>               <C>               <C>           <C>
 Danka Holding        Danka Office
    Company         Imaging Company      Common       10,000           1,000             1,000             1        $     1.00
------------------------------------------------------------------------------------------------------------------------------
 Danka Holding       Danka Imaging
    Company       Distributors, Inc.     Common       10,000           1,000             1,000             1        $     1.00
------------------------------------------------------------------------------------------------------------------------------
 Danka Holding      D.I. Investment
    Company        Management, Inc.      Common        1,000            100               100              3        $     1.00
------------------------------------------------------------------------------------------------------------------------------
 Danka Holding     Quality Business,
    Company              Inc.             N/A          7,000            100               100              3        $     1.00
------------------------------------------------------------------------------------------------------------------------------
                       Corporate
 Danka Holding     Consulting Group,
    Company              Inc.             N/A           500             468               400            0032       $    50.00
------------------------------------------------------------------------------------------------------------------------------
 Danka Holding     American Business
    Company       Credit Corporation      N/A          1,000           1,000             1,000             2        $     1.00
------------------------------------------------------------------------------------------------------------------------------
 Danka Holding     Danka Management       N/A         10,000            200               160             100       $     1.00
    Company        II Company, Inc.                                                        40             103
------------------------------------------------------------------------------------------------------------------------------
                        Herman
 Danka Holding     Enterprises, Inc.     Common        5,000           5,000             4,000             2        $     1.00
    Company        of South Florida                                                      1,000             4
------------------------------------------------------------------------------------------------------------------------------
 Danka Holding     Danka Management       N/A          1,000            200               100              1        $     1.00
    Company          Company, Inc.                                                        100              2
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

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