BRIDGE LOAN AGREEMENT

PRIVATE & CONFIDENTIAL

                            DATED : DECEMBER 23, 2004

                              ITS NETWORKS INC.         (1)

                                       AND

                       GEERIS HOLDINGS NEDERLAND B.V.   (2)

                              BRIDGE LOAN AGREEMENT

                         ENGLISH VERSION UNDER DUTCH LAW

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THIS AGREEMENT is dated December 23, 2004 and is made BETWEEN:

(1)    ITS Networks Inc., incorporated under the laws of Florida, United States

       of America, having its registered office at 1200 South Pine Island Road,

       Plantation, Florida 33324 (hereinafter "ITSN") and represented in this

       act by Gustavo Gomez, President of the Company and with contact address

       C/Severo Ochoa 28, 9'th floor, Marbella, 29600 Malaga Spain;

(2)    Geeris Holding Nederland B.V., incorporated under the laws of Holand, and

       having registered offices at Helvoirtseweg 146, Postbus 317, 5260 AH

       Vught The Netherlands, (HEREINAFTER GEERIS") and represented in this act

       by Mr Leonardus R.M. Geeris of age, married, of Dutch nationality with

       passport number N70986464 and domiciled at Zandpad 29, 3601 NA Maarsen

       The Netherlands

WHEREAS

(A)    ITSN is in an expansion phase for which it needs approximately 3 million

       euros

(B)    The Parties have reached an agreement to help provide a bridge loan unt