Document:

Exhibit 10.3

TERM NOTE

$1,200,000                                                     Detroit, Michigan
                                                              September 20, 2004

FOR VALUED RECEIVED, NECI Acquisition, Inc., a Florida Company ("Company")
promises to pay to the order of COMERICA BANK, a Michigan banking corporation
("Bank"), at its Main Office at 500 Woodward Avenue, Detroit, Michigan or any
other office of Bank located in the State of Michigan, the principal sum of One
Million Two Hundred Thousand Dollars ($1,200,000) in lawful money of the United
States of America payable in monthly principal installments in the amounts and
on the dates set forth in Section 3.2 of the Agreement (hereinafter defined),
until the Term Loan Maturity Date, when the entire unpaid balance of principal
and interest thereon shall be due and payable, together with interest thereon as
hereinafter set forth.

The principal balance from time to time outstanding hereunder shall bear
interest at the rate set forth in the Agreement and interest shall be computed,
assessed and payable as set forth in the Agreement.

This Note evidences borrowing under, is subject to, is secured in accordance
with, may be prepaid in accordance with, and may be matured under the terms of
the Credit Agreement dates as of September 20, 2004 by and between Company and
Bank (as the same may be amended or modified from time to time, "Agreement") to
which reference is hereby made. As additional security for this Note, Company
and Bank a lien on all property and assets including deposits and other credits
of the Company, at any time in possession or control of or owing by Bank for any
purpose.

Company hereby waives presentment for payment, demand, protest and notice of
dishonor and nonpayment of this Note and agrees that no obligation hereunder
shall be discharged by reason of any extension, indulgence, or forbearance
granted by any holder of this Note to any party now or hereafter liable hereon.
Any transferees of, or endorser, guarantor or surely paying this Note in full
shall succeed to all rights of Bank, and Bank shall be under no further
responsibility for the exercise thereof or the loan evidenced hereby. Nothing
herein shall limit any right granted Bank by other instrument or by law.

All capitalized terms used but not defined herein shall have the meanings
ascribed to them in the Agreement.

                                                  NECI ACQUISITION, INC.

                                                By: /s/ Robert Farrell
                                                    ---------------------------
                                                    PresidentEXHIBIT 10.4

[COMERICA LOGO]          ADVANCE FORMULA AGREEMENT

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As of September 20, 2004, this Agreement is made by NECI ACQUISITION, INC., a
Florida corporation ("Debtor"), unto COMERICA BANK, a Michigan banking
corporation ("Bank").

For and in consideration of the loans and other credit which Debtor may now or
hereafter obtain or request from Bank which are secured pursuant to a Security
Agreement dated September 20, 2004, executed and delivered by Debtor unto Bank
(the "Security Agreement"), and for other good and valuable consideration,
Debtor agrees as follows:

1.       FORMULA LOANS. The credit which Bank may now or hereafter extend to
         Debtor subject to the limitations of this Agreement and to the
         conditions and limitations of any other agreement between Debtor and
         Bank is identified as follows:

         $5,000,000 secured revolving line of credit

         and any extensions, renewals or substitutions thereof, whether in a
         greater or lesser amount, including any letters of credit issued
         thereunder ("Formula Loans").

2.       ADVANCE FORMULA. Debtor warrants and agrees that Debtor's indebtedness
         to Bank for the Formula Loans shall never exceed the sum of:

         (a)      Eighty percent (80%) of its Eligible Accounts, as hereinafter
                  defined; plus

         (b)      the lesser of (i) twenty-five percent (25%) of its Eligible
                  Inventory, as hereinafter defined, (ii) Two Million Two
                  Hundred Fifty Thousand Dollars ($2,250,000; provided, however,
                  that beginning on April 1, 2005, no more than fifty percent
                  (50%) of the outstanding Formula Loans as of any date of
                  determination may be based on this sub-section (b); minus

         (c)      the Equipment Lease Reserve.

3.       FORMULA COMPLIANCE. If the limitations in paragraph 2, above, are
         exceeded at any time, Debtor shall immediately pay Bank sums sufficient
         to reduce the Formula Loans by the amount of such excess.

4.       ELIGIBLE ACCOUNT. "Eligible Account" shall mean an Account (as
         hereinafter defined) arising in the ordinary course of Debtor's
         business which meets each of the following requirements:

         (a)      it is not owing more than ninety (90) days after the date of
                  the original invoice or other writing evidencing such Account;

         (b)      it is not owing by an Account Debtor (as hereinafter defined)
                  who has failed to pay twenty-five percent (25%) or more of the
                  aggregate amount of its Accounts owing to Debtor within ninety
                  (90) days after the date of the respective invoices or other
                  writings evidencing such Accounts;

         (c)      it arises from the sale or lease of goods and such goods have
                  been shipped or delivered to the Account Debtor under such
                  Account; or it arises from services rendered and such services
                  have been performed;

         (d)      it is evidenced by an invoice, dated not later than the date
                  of shipment or performance, rendered to such Account Debtor or
                  some other evidence of billing acceptable to Bank;

         (e)      it is not evidenced by any note, trade acceptance, draft or
                  other negotiable instrument or by any chattel paper, unless
                  such note or other document or instrument previously has been
                  endorsed and delivered by Debtor to Bank;
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         (f)      it is a valid, legally enforceable obligation of the Account
                  Debtor thereunder, and is not subject to any offset,
                  counterclaim or other defense on the part of such Account
                  Debtor or to any claim on the part of such Account Debtor
                  denying liability thereunder in whole or in part;

         (g)      it is subject to a first priority, properly perfected security
                  interest in favor of Bank, and it is not subject to any sale
                  of accounts, any rights of offset, assignment, lien or
                  security interest whatsoever other than to Bank;

         (h)      it is not owing by a subsidiary or affiliate of Debtor;

         (i)      it is not owing by an Account Debtor which (i) does not
                  maintain its chief executive office in the United States of
                  America or Canada, (ii) is not organized under the laws of the
                  United States of America or Canada, or any state or province
                  thereof, as applicable, or (iii) is the government of any
                  foreign country or sovereign state, or of any state, province,
                  municipality or other instrumentality thereof;

         (j)      it is not an Account owing by the United States of America or
                  any state or political subdivision thereof, or by any
                  department, agency, public body corporate or other
                  instrumentality of any of the foregoing, unless all necessary
                  steps are taken to comply with the Federal Assignment of
                  Claims Act of 1940, as amended, or with any comparable state
                  law, if applicable, and all other necessary steps are taken to
                  perfect Bank's security interest in such Account;

         (k)      it is not owing by an Account Debtor for which Debtor has
                  received a notice of (i) the death of the Account Debtor or
                  any partner of the Account Debtor, (ii) the dissolution,
                  liquidation, termination of existence, insolvency or business
                  failure of the Account Debtor, (iii) the appointment of a
                  receiver for any part of the property of the Account Debtor,
                  or (iv) an assignment for the benefit of creditors, the filing
                  of a petition in bankruptcy, or the commencement of any
                  proceeding under any bankruptcy or insolvency laws by or
                  against the Account Debtor;

         (l)      it is not an Account billed in advance, payable on delivery,
                  for consigned goods, for guaranteed sales, for unbilled sales,
                  for progress billings, payable at a future date in accordance
                  with its terms, subject to a retainage or holdback by the
                  Account Debtor or insured by a surety company; and

         (m)      it is not owing by any Account Debtor whose obligations Bank,
                  acting in its reasonable discretion, shall have notified
                  Debtor are not deemed to constitute Eligible Accounts.

         An Account which is at any time an Eligible Account, but which
         subsequently fails to meet any of the foregoing requirements, shall
         forthwith cease to be an Eligible Account.

         For purposes of this Agreement, an "Account" shall mean any right of
         Debtor to payment for goods sold or leased or for services rendered,
         but shall not include interest or service charges; and "Account Debtor"
         shall mean the person who is obligated on or under an Account.

5.       ELIGIBLE INVENTORY. Unless stated otherwise in paragraph 13 below,
         "Eligible Inventory" (a) shall be valued at the cost or present market
         value of Debtor's Inventory (as defined in the Michigan Uniform
         Commercial Code, as amended and in effect from time to time) determined
         in accordance with generally accepted accounting principles,
         consistently applied ("GAAP"), and (b) shall mean all of Debtor's
         Inventory which is in good and merchantable condition, which is not
         obsolete or discontinued, which would be properly classified as
         "work-in-process" or "raw materials" or as "finished goods inventory"
         under and in accordance with GAAP, provided, however, that
         "work-in-process" advances based on Inventory shall not exceed
         $350,000, and which is subject to a first priority, properly perfected
         security interest in favor of Bank, but excluding (1) consigned goods,
         inventory located outside the United States of America or Canada, (2)
         Inventory covered by or subject to a seller's right to repurchase, or
         any consensual or nonconsensual lien or security interest (including,
         without limitation, purchase money security interests) other than in
         favor of Bank, whether senior or junior to Bank's security interest,
         and (3) Inventory that Bank, acting in its reasonable discretion, after
         having notified Debtor, excludes. Inventory which is at any time
         Eligible Inventory, but which subsequently fails to meet any of the
         foregoing requirements, shall forthwith cease to be Eligible Inventory.

6.       CERTIFICATES, SCHEDULES AND REPORTS. Debtor will, within seven (7) days
         after and as of the end of each month (and at such other times as Bank
         may request), deliver to Bank agings of the Accounts and a schedule

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<PAGE>

         identifying each Eligible Account (not previously so identified) and
         reports as to the amount of Eligible Inventory. Debtor will from time
         to time deliver to Bank such additional schedules, certificates and
         reports respecting all or any of the Collateral (as defined in the
         Security Agreement), the items or amounts received by Debtor in full or
         partial payment of any of the Collateral, and any goods (the sale or
         lease of which by Debtor shall have given rise to any of the
         Collateral) possession of which has been obtained by Debtor, all and as
         to such extent as Bank may request. Any such schedule, certificate or
         report shall be executed by a duly authorized officer of Debtor and
         shall be in such form and detail as Bank may specify. Any such schedule
         identifying any Eligible Account shall be accompanied (if Bank so
         requests) by a true and correct copy of the invoice evidencing such
         Eligible Account and by evidence of shipment or performance.

7.       INSPECTIONS; COMPLIANCE. Debtor shall permit Bank and its designees
         from time to time to make such inspections and audits, and to obtain
         such confirmations or other information, with respect to any of the
         Collateral or any Account Debtor as Bank is entitled to make or obtain
         under the Credit Agreement dated as of the date hereof between Debtor
         and Bank, as amended from time to time, and shall reimburse Bank on
         demand for all costs and expenses incurred by Bank in connection with
         such inspections and audits. Debtor shall further comply with all of
         the other terms and conditions of the Security Agreement.

8.       DEFAULT. Any failure by Debtor to comply with this Agreement shall
         constitute a default under the Formula Loans and under the Security
         Agreement and the Indebtedness, as defined therein.

9.       AMENDMENTS; WAIVERS. This Agreement may be amended, modified or
         terminated only in writing duly executed by Debtor and Bank. No delay
         by Bank in requiring Debtor's compliance herewith shall constitute a
         waiver of such right. The rights granted to Bank hereunder are
         cumulative, and in addition to any other rights Bank may have by
         agreement or under applicable law. This Agreement shall supersede and
         replace in their entirety any prior advance formula agreements in
         effect between Bank and Debtor. This Agreement shall be governed by and
         construed in accordance with the internal laws of the State of
         Michigan, without regard to conflict of laws principles.

10.      DEMAND BASIS FORMULA LOANS. Notwithstanding anything to the contrary
         set forth in this Agreement, in the event that the Formula Loans are at
         any time on a demand basis, Debtor hereby acknowledges and agrees that
         the formula set forth in paragraph 2 hereof is merely for advisory and
         guidance purposes and Bank shall not be obligated to make any loans or
         advances under the Formula Loans, and, notwithstanding the terms of
         paragraph 3 above, Bank may at any time, at its option, demand payment
         of any or all of the Formula Loans, whereupon the same shall become due
         and payable. Bank and Debtor acknowledge and agree that the Formula
         Loans are not on a demand basis as of the date hereof.

11.      DILUTION OF ACCOUNTS. In the event that Bank, at any time in its sole
         discretion, determines that the dollar amount of Eligible Accounts
         collectable by Debtor is reduced or diluted as a result of discounts or
         rebates granted by Debtor to the respective Account Debtor(s), returned
         or rejected Inventory or services, or such other reasons or factors as
         Bank deems applicable, Bank may, in its sole discretion, upon five (5)
         business days' prior written notice to Debtor, reduce or otherwise
         modify the percentage of Eligible Accounts included within the Advance
         Formula under paragraph 2(a) above and/or reduce the dollar amount of
         Debtor's Eligible Accounts by an amount determined by Bank in its sole
         discretion.

12.      JURY WAIVER. DEBTOR AND BANK ACKNOWLEDGE THAT THE RIGHT TO TRIAL BY
         JURY IS A CONSTITUTIONAL ONE, BUT THAT IT MAY BE WAIVED. EACH PARTY,
         AFTER CONSULTING (OR HAVING HAD THE OPPORTUNITY TO CONSULT) WITH
         COUNSEL OF THEIR CHOICE, KNOWINGLY AND VOLUNTARILY, AND FOR THEIR
         MUTUAL BENEFIT WAIVES ANY RIGHT TO TRIAL BY JURY IN THE EVENT OF
         LITIGATION REGARDING THE PERFORMANCE OR ENFORCEMENT OF, OR IN ANY WAY
         RELATED TO, THIS AGREEMENT OR THE INDEBTEDNESS.

13.      SPECIAL PROVISIONS: "Equipment Lease Reserve" shall mean the total
         amount outstanding under all all equipment leases of Debtor which are
         in effect as of September 20, 2004.

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IN WITNESS WHEREOF, this Agreement has been duly executed as of the day and year
first above written.

                                                   DEBTOR:
Debtor's Chief Executive Office Address:
33 South Wood Avenue, Suite 600                    NECI ACQUISITION, INC.
Iselin, New Jersey  08830
                                                   By: /s/ Robert Farrell
                                                       -------------------------
                                                           SIGNATURE OF

                                                   Its: /s/President
                                                        ------------------------
                                                           TITLE

Accepted and Approved:

COMERICA BANK

By: /s/ Illegible
    ------------------------
         SIGNATURE OF

Its: /s/ Vice President
     -----------------------
         TITLE

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