EXHIBIT 10.1

                                 PROMISSORY NOTE

$200,000                                                    Norwich, Connecticut
                                                            November 19, 2002

      For Value Received, Gunther International Ltd., a Delaware corporation
("Maker"), hereby promises to pay to the order of Robert Spiegel ("Payee"), at
60 Sachem Road, Weston, Connecticut 06883, or at such other place as Payee may
designate in writing, the principal sum of Two Hundred Thousand Dollars
($200,000) together with interest on the unpaid balance of this Note from the
date hereof until paid, at a fixed rate of eight percent (8%) per annum and
together with all costs of collection, including reasonable attorney's fees,
incurred in any action to collect this Note.

      All principal, accrued interest, and any other amounts owed under this
Note shall be due and payable in full on December 31, 2002.

      Maker shall have the right, at any time and from time to time, to prepay
the principal amount of this Note, in whole or in part, without premium or
penalty.

      Presentment, notice of dishonor, and protest are hereby waived.

      Any notice to Maker shall be given by mailing such notice by regular mail,
addressed to Maker at One Winnenden Road, Norwich, Connecticut 06360-1570 or to
such other address as Maker may designate by notice to Payee. Any notice to
Payee shall be given by mailing such notice by regular mail, at the address
stated in the first paragraph of this Note, or at such other address as may have
been designated by notice to Maker.

      The word "Maker" shall include the successors and assigns of Maker named
herein and the word "Payee" shall include the successors and assigns of Payee
named herein. This Note shall be governed by, and construed in accordance with,
the laws of the State of Connecticut.

                                     GUNTHER INTERNATIONAL LTD.


                                     By:  /s/ Marc I. Perkins
                                          -------------------------------------
                                          Marc I. Perkins
                                          President and Chief Executive Officer
                                          Hereunto Duly Authorized