**EXHIBIT 10 (b)**

Private & Confidential














Dated: August 8, 2004




















ITS Networks Inc. (1)








And











Geeris Holdings Nederland B.V. (2)




















**Bridge Loan Agreement**








English Version under Dutch Law














**THIS AGREEMENT** is dated August 8, 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;
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|(2) | Geeris Holding Nederland B.V., incorporated under the laws of Holland, 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
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**WHEREAS**





|**a)** | ITSN is in an expansion phase for which it needs approximately 3 million euros, euros which will arrive via Europartners Company Ltd. Which have just signed an investor to inject up to 5 million euro into ITS Networks.
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|**b)** | The parties have reached an agreement to help provide a bridge loan until the necessary funds arrive to fund the expansion of ITSN.
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|**c)** | Such Bridge financing is the subject of this agreement and will be effected through**GEERIS**lending to the Company in the form of a short term bridge loan for an amount of EUR 50,000 on the terms as set out herein;
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**NOW IT IS HEREBY AGREED** as follows:





|**1.** | **Conditions of Cash Injection**
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On the date hereof, the parties will enter into the Bridge Loan Agreement based upon which **GEERIS** will provide a cash injection of EUR 50,000 on August 9, 2004 directly to the Companys Spanish Bank Account in Madrid for which **GEERIS** will receive 400,000 shares:





Benificiary: **ITS Networks Inc.**


Bank name: **BBVA Empresas**


C/ Serrano 32, Madrid


28001 Madrid Spain


Tel: 0034 91 432 0255


Contact at BBVA: **David Perez Martin**





**SWIFT: BBVAESMMXXX**


**IBAN: ES02 0182 5516 04 0291502673**








This bridge loan is provided until August 30 th at which time should **GEERIS** wish to receive its funds but **ITSN** cannot pay back this amount, **ITSN** will provide compensation to **GEERIS** of an additional 1,000,000 shares on top of the 400,000 which it will have received at the time of providing the funds. **ITSN** will still owe **GEERIS** the sum of 50,000 euros which will be paid back as soon as possible thereafter.


1








|**2.** | **ITS Networks Common Shares**
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Immediately upon transferring the funds, **GEERIS** will receive 400,000 shares of **ITSN** as compensation for providing the 50,000 bridge loan.





|**3.** | **Confidentiality**
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Each of the Parties or any of its directors or officers shall not divulge or communicate to any person or persons, except to those of the officials of **ITSN** whose province it is to know the same, any secret or confidential information which it may receive or obtain in relation to the affairs of **ITSN** and shall not use for its own purposes nor for any purposes other than those of **ITSN** any information or knowledge of a confidential nature which it may from time to time acquire in relation to **ITSN.**





|**4.** | **Termination**
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This Agreement shall be subject to termination by either party by summary notice in writing if the other party shall have committed any serious breach or continued (after warning) any material breach of its obligations hereunder.





Termination of this Agreement shall be without prejudice to any rights which have accrued at the time of termination (all of which shall remain in full force and effect).





|**5.** | **Notices**
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Any notice required to be given hereunder shall be deemed duly served if sent by registered or recorded delivery post to the registered office of **ITSN** in Spain; C/Severo Ochoa 28, Marbella, 29600, Malaga, Spain or to the addresses of the affected parties listed on the first page of this agreement. Any such notice shall be deemed to be served at the time when the same is left at the address of the party to be served and if served by post on the day (not being a Sunday or public holiday) next following the day of posting.





|**6.** | **Choice of law, submission to jurisdiction**
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This Agreement shall be governed by and interpreted in accordance with the laws of Holland. The parties hereby submit to the exclusive jurisdiction of the courts of Amsterdam, The Netherlands.


whereof this Agreement has been executed today, August 8, 2004


/s/ Gustavo Gomez


/s/ Mr. Leo GeerisGustavo Gomez(for and on behalf of **ITS Networks, Inc.**)


Mr. Leo Gerris(for and on behalf of **Geeris Holding Nederland B.V.**)


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