Document:

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                                                               Exhibit 10.55

                             ColorSmart.com, Inc.
                           10% FEE PROMISSORY NOTE

$300,000.00                                                Madison, Tennessee
                                                           December 28, 1999

    FOR VALUE RECEIVED, the undersigned, ColorSmart.com, Inc., a Nevada
corporation (the "Maker"), hereby promises to pay to the order of Herzog Max
in Bayern, (the "Lender"), at Lender's address at: 83681 Tegernsee, Germany,
Postfach 1165, or such other address which Lender may specify by written
notice to Maker, in Federal or other funds immediately available at the
Lender's address, the principal sum of THREE HUNDRED THOUSAND DOLLARS
($300,000.00), together with the flat fee of 10% as described below.

    This Note has been executed between the maker and the lender and
delivered and executed in counterparts, via facsimile. This note is governed
by the laws of the State of Tennessee and accepted by the maker as of
December 28, 1999, by and between lender and Maker, as amended and modified
from time to time. This Note is the "Note" referred to the ColorSmart bridge
loan term sheet, for which lender has accepted and signed and attached
hereto. The fee and principal on this Note shall be payable in full on or
before July 1, 2000. Subject to the terms and conditions included here, the
maker is entitled to pay the entire amount due to lender at any time prior to
the maturity date, without pre-payment penalty.

    Upon the occurrence and during the continuance of an Event of Default of
this Agreement, the holder of this Note (the "Holder") may, at its option,
declare the entire unpaid principal of and fee on this Note immediately due
and payable (provided that, upon the occurrence of certain Events of Default,
such acceleration shall be automatic), without notice, demand, or
presentment, all of which are hereby waived, and the Holder shall have the
right to offset against this Note any sum or sums owed by the Holder to Maker.

    If at any time the rate of interest calculated under this Note (the "Note
Rate") exceeds the Maximum Lawful Rate, the rate of interest under this Note
shall be limited to the Maximum Lawful Rate, but any subsequent reductions in
the Note Rate shall not reduce the rate of interest on this Note below the
Maximum Lawful Rate until the total amount of interest accrued equals the
amount of interest which would have accrued if the Note Rate had at all times
been in effect. If at the maturity (stated or by acceleration) or at the
final payment of this Note the total amount of interest paid or accrued on
this Note is less than the amount of interest which would have accrued if the
Note Rate had at all times been in effect with respect thereto, then at such
time the Maker shall pay to the Holder an amount equal to the difference
between (a) the lesser of the amount of interest which would have accrued if
the Note Rate had at all times been in effect and the amount of interest
which would have accrued if the Maximum Lawful Rate had at all times been in
effect, and (b) the amount of interest actually paid or accrued on this Note.

    Maker, and each surety, endorser, guarantor, and other party ever liable
for payment of any sums of money evidenced by this Note, jointly and
severally waive presentment and demand for payment, protest, notice of
protest and nonpayment, and notice of acceleration and the intention to
accelerate, and agree that their liability on this Note shall not be affected
by any renewal or extension in the time of payment hereof, by any
indulgences, or by any release or change in any security for the payment of
this Note, and hereby consent to any and all renewals, extensions,
indulgences, releases, or changes, regardless of the number of such renewals,
extensions, indulgences, releases or changes.

                                        1

<PAGE>

    THIS NOTE AND THE OTHER TRANSACTION DOCUMENTS COLLECTIVELY REPRESENT THE
FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES.
THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

                                       ColorSmart.com, Inc

                                    By: /s/ Roger D. Finchum, Sr.
                                        ---------------------------
                                        Name: Roger D. Finchum, Sr.
                                        Title: Chief Executive Officer

Funds
Received
Dec 30 1999

Lender /s/ Max Bayern
           ----------

                                       2<PAGE>

                                                               Exhibit 10.56

                             ColorSmart.com, Inc.
                           10% FEE PROMISSORY NOTE

$350,000.00                                                Madison, Tennessee
                                                           February 29, 2000

    FOR VALUE RECEIVED, the undersigned, ColorSmart.com, Inc., a Nevada
corporation (the "Maker"), hereby promises to pay to the order of Roger D.
Finchum, Sr, (the "Lender"), at Lender's address at 135 North Country Club
drive, Hendersonville, Tennessee 37075, or such other address which Lender
may specify by written notice to Maker, in Federal or other funds immediately
available at the Lender's address, the principal sum of THREE HUNDRED FIFTY
THOUSAND DOLLARS ($350,000.00), together with the flat fee of 10% as
described below.

    This Note has been executed between the maker and the lender and
delivered and executed in counterparts, via facsimile. This note is governed
by the laws of the State of Tennessee and accepted by the maker as of
February 29, 2000, by and between lender and Maker, as amended and modified
from time to time. This Note is the "Note" referred to the ColorSmart bridge
loan term sheet, for which lender has accepted and signed and attached
hereto. The fee and principal on this Note shall be payable in full on or
before July 1, 2000. Subject to the terms and conditions included here, the
maker is entitled to pay the entire amount due to lender at any time prior to
the maturity date, without pre-payment penalty.

    Upon the occurrence and during the continuance of an Event of Default of
this Agreement, the holder of this Note (the "Holder") may, at its option,
declare the entire unpaid principal of and fee on this Note immediately due
and payable (provided that, upon the occurrence of certain Events of Default,
such acceleration shall be automatic), without notice, demand, or
presentment, all of which are hereby waived, and the Holder shall have the
right to offset against this Note any sum or sums owed by the Holder to Maker.

    If at any time the rate of interest calculated under this Note (the "Note
Rate") exceeds the Maximum Lawful Rate, the rate of interest under this Note
shall be limited to the Maximum Lawful Rate, but any subsequent reductions in
the Note Rate shall not reduce the rate of interest on this Note below the
Maximum Lawful Rate until the total amount of interest accrued equals the
amount of interest which would have accrued if the Note Rate had at all times
been in effect. If at the maturity (stated or by acceleration) or at the
final payment of this Note the total amount of interest paid or accrued on
this Note is less than the amount of interest which would have accrued if the
Note Rate had at all times been in effect with respect thereto, then at such
time the Maker shall pay to the Holder an amount equal to the difference
between (a) the lesser of the amount of interest which would have accrued if
the Note Rate had at all times been in effect and the amount of interest
which would have accrued if the Maximum Lawful Rate had at all times been in
effect, and (b) the amount of interest actually paid or accrued on this Note.

    Maker, and each surety, endorser, guarantor, and other party ever liable
for payment of any sums of money evidenced by this Note, jointly and
severally waive presentment and demand for payment, protest, notice of
protest and nonpayment, and notice of acceleration and the intention to
accelerate, and agree that their liability on this Note shall not be affected
by any renewal or extension in the time of payment hereof, by any
indulgences, or by any release or change in any security for the payment of
this Note, and hereby consent to any and all renewals, extensions,
indulgences, releases, or changes, regardless of the number of such renewals,
extensions, indulgences, releases or changes.

                                        1

<PAGE>

    THIS NOTE AND THE OTHER TRANSACTION DOCUMENTS COLLECTIVELY REPRESENT THE
FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES.
THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

                                       ColorSmart.com, Inc

                                    By: /s/ Roger D. Finchum, Sr.
                                        ---------------------------
                                        Name: Roger D. Finchum, Sr.
                                        Title: Chief Executive Officer

Funds
Received by ColorSmart.com
During Jan., Feb. and March 2000
/s/ RF acknowledgement
------

Terms accepted by Lender /s/ Roger D. Finchum, Sr.
                         -------------------------

                                       2<PAGE>

                                                                 Exhibit 10.14

CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH
THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE
OMITTED PORTIONS.

                     DESIGN AND DEVELOPMENT AGREEMENT

This is an agreement, dated as of August, 1999 ("Effective Date") by and
between SUPERTEC ELECTRONICS LTD., address of 1 Hamasger St., POB 2550,
Raanana 43653, Israel (hereinafter "SUPERTEC"), and NOGATECH address of
3 Gavish, St. Kfar Saba 44444, Israel (hereinafter "CUSTOMER").
-----------------------------

Whereas, CUSTOMER requires a design for a particular semiconductor based on
FUJITSU'S technology.

Whereas, SUPERTEC has expertise in the design of semiconductor products and
believes it can perform the obligations described herein relating to the
production of a design for the Product in accordance with this Agreement; and

Whereas, FUJITSU has expertise in the manufacturing of integrated circuits,
and believes it can perform the obligations described herein relating to the
production of a design for Product and the manufacture of the Product in
accordance with this Agreement;

Whereas, CUSTOMER desires to purchase from SUPERTEC as its supplier of
NT 1004 and targeting for the quantity of more than 100K PCS units per year,
and SUPERTEC desires to sell such semiconductor products which are developed by
NOGATECH and produced by FUJITSU.

Now, therefore, in consideration of the Agreements between SUPERTEC and FUJITSU
the parties hereto agree as follows:

PRODUCTION & DEVELOPMENT

SUPERTEC and CUSTOMER agree to use their respective best efforts to perform the
Design Steps for which such party is responsible as follows and to complete each
such Design Step by the appropriate Target Completion Date as follows:

<PAGE>

1.  DEFINITION

    Project Name: NT 1004
    Part Number: CS66-P4 (MB87L2030)
    Package: LQFP100
    Technology: 0.35 um

2.  TURN AROUND TIME

2.1 Validation and Layout-6 weeks
2.2 Prototypes - 8 Weeks Ex. Japan
2.3 Mass Production-
    -  Lead-Time for first mass production order (including QC) will be no more
       than 12 weeks.
    -  SQTAT with 4 weeks delivery ex Japan, cost 50K DM, SQTAT Slot Time -
       6/9/99.
2.4 In case CUSTOMER gets a big order that was out of the forecast, Fujitsu will
deliver the product no longer than 15 weeks. (This lead-time is independent of
the actual load on the Fujitsu Fab).

TERMS OF CONTRACT

1.  GENERAL TERMS

This AGREEMENT shall be effective from the date that this agreement is signed by
both parties and shall extend for a term of 5 years from the function approval
of the samples.

The CUSTOMER should confirm in writing the Prototype approval of the ASIC
product as soon as possible after receipt of the Prototype but no later than 30
days.

In the event that CUSTOMER does not specifically reject the prototypes provided
by SUPERTEC in writing within 30 days, such samples shall be deemed to be
accepted by CUSTOMER.

After Prototype approval CUSTOMER will issue a non-binding 6-month rolling
forecast for expected quantity. The rolling forecast shall be updated by the
CUSTOMER in writing every month.

CUSTOMER will be able to increase the actual PO relative to the forecast as
follows

    -  One month before delivery no change.
    -  Two month before delivery increase of 10% from the forecast.
    -  Three month before delivery and above, 15% from the forecast.

<PAGE>

Any changes to the specifications of the Product requested by CUSTOMER shall be
subject to mutual agreement by both parties by written consent of both parties,
as to adjustments to the Design and Payment Schedule.

2.  PRICES/SHIPMENT

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------
PRODUCT                                     QTY/YEAR        Unit Price          Unit Price
                                                            Package             DIE/Wafer
------------------------------------------------------------------------------------------
<S>                    <C>                  <C>             <C>                <C>
0.35um CE66-P4                              ** First order   *.** USD
------------------------------------------------------------------------------------------
                                            ****             *.** USD           *.** USD
------------------------------------------------------------------------------------------
                                            ****-****        *.** USD           *.** USD
------------------------------------------------------------------------------------------
                                            ****-****        *.** USD           *.** USD
------------------------------------------------------------------------------------------
                                            ****-*****       *.** USD           *.** USD
------------------------------------------------------------------------------------------
                                            ****-*****       *.** USD           *.** USD
------------------------------------------------------------------------------------------
NRE                                         *                ***,*** DM
------------------------------------------------------------------------------------------
2nd NRE (in case       A. Metal only redesign  *             ***,*** DM
of redesign)              (logic change)
------------------------------------------------------------------------------------------
                       B. More layers are      *             ***,*** DM
                          affected (RAM/ROM
                          size and/or location
                          change)
------------------------------------------------------------------------------------------
Supertec work          SYNT+SCAN+ATPG                        **,*** USD
------------------------------------------------------------------------------------------
</TABLE>

 - **,*** DM will be deducted from the first NRE (P3 Trial Layout),
 - NRE includes * pcs ES
 - Prices are valid on a cumulative package or wafer base and for calendar
   year 1999 to 2001.
 - Price for Additional ES is **.** USD.
 - In case of 2nd NRE/A the reduction NRE has to be applied, as Fujitsu need
   to change the routing metal layer only.
 - In case of 2nd NRE/B, the full NRE has to be applied, as Fujitsu need a new
   set of masks.
 - Maximum number of chips Nogatech can order for the first shipment is ***
   units.
 - If Nogatech will request to stop the manufacturing of the *** units before
   Fujitsu made the package and the testing. Nogatech will cover the actual
   expenses that Fujitsu had up that point according to a price of $*.* per
   chip.

Minimum order quantity is ****pcs. With deliveries within one year starting
from first mass production delivery date. Min LOT ****** each type package
or wafer/die.

3.  PAYMENT

3.1 Payment for Mass Production orders Net 30 days, plus 17% VAT, covered by
    CUSTOMER, Bank Guarantee in advance. After one year from first mass
    production shipment date, the bank guarantee will be reviewed with the
    intention to either reduce amount or cancel it.
3.2 Prices for Unit Price are in USD and price for NRE is in DM.

[**] CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO
THE OMITTED PORTIONS.

<PAGE>

3.3 The NRE'S Costs will be invoiced as follows:
         25% at project start
         50% at sign-off
         25% at prototype delivery

4.  SHIPMENT AND BILLING

4.1 Shipment from Supertec warehouse to Nogatech in Israel.
4.2 Drop shipments from FMG to Nogatech to max. 2 addresses.
4.3 All billings are from Supertec to Nogatech.

GENERAL

1.  EXCLUSIVE RIGHTS AND CONFIDENTIALITY

Either parties understand and hereby acknowledge that it may become informed of,
and access to, confidential information of the other party including, but not
limited to trade secrets and technical information, and that such information is
the exclusive property of the other party.
Parts of the product which are not trade secrets or professional secrets or
commonly known and are released by the CUSTOMER, may be used in other designs
completed by SUPERTEC or FUJITSU or 3rd parties.

It is agreed that CUSTOMER is the owners and holders of all proprietary
rights and has exclusive rights and absolute title respecting all of the data
base that he has given to SUPERTEC including all inventions process,
know-how, computer program, and technical data and information trade secrets,
copy writing and any other rights with respect to the foregoing.

2.  RESPONSIBILITY

CUSTOMER will be responsible for Prototypes and Sign Off Approvals and for all
the developmental work for both the CUSTOMER and SUPERTEC.

3.  FORCE MAJOR

Neither party to this Agreement shall be liable for its failure to perform any
of its obligations hereunder during any period in which such performance is
prevented by any cause beyond its control such as war, riots, sovereign act,
civil conditions, act of God, earthquakes, epidemics, floods, fires, quarantine
restrictions, accident, strike or lock out (also on part of suppliers), delays
in transportation, raw material shortages or delay in the delivery of essential
operating supplies or raw materials. An agreed

<PAGE>
delivery period shall be extended for the time after which such prevention
continues and for a reasonable period.

4.  APPLICABLE LAW; JURISDICTION

The validity, performance and construction of this Agreement shall be governed
by the laws of Israel, and Tel Aviv. Israel, shall be the appropriate venue and
jurisdiction for the resolution of disputes hereunder.

5.  INVALIDITY

Should any one or more parts of this agreement be declared invalid by any court
of jurisdiction for any reason, such decision shall not affect the validity of
any portions, which shall remain in full force can effect as if this agreement
has executed with the invalid part or parts thereof eliminated.

6.  ATTORNEY'S FEES

The prevailing party in any legal action arising out of or related to this
Agreement shall be entitled to its reasonable court costs and attorneys' fees.

SUPERTEC ELECTRONICS LTD.                       NOGATECH

BY: SUPERTEC ELECTRONICS LTD.                   BY: NOGATECH

NAME: YAACOV COHEN                              NAME: ARIE HEIMAN

SIGNATURE: /s/ Yaacov Cohen                     SIGNATURE: /s/ Arie Heiman
          -----------------                               ----------------
TITLE: DIRECTOR                                 TITLE: PRESIDENT

DATE: 30/8/99                                   DATE: 30/8/99

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