Exhibit 10.13

DATED                                JANUARY                                2002
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                            (1) DCD HOLDINGS LIMITED
                                   (as Lender)

                                     - and -

                         (2) IVP TECHNOLOGY CORPORATION
                                  (as Borrower)




                           --------------------------
                                 LOAN AGREEMENT
                           --------------------------







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                                    CONTENTS


1.     DEFINITIONS AND INTERPRETATION..........................................1

2.     THE ADVANCE.............................................................2

3.     PURPOSES AND APPLICATION OF THE ADVANCE.................................2

4.     AVAILABILITY OF THE ADVANCE.............................................2

5.     INTEREST................................................................3

6.     REPAYMENT...............................................................3

7.     EVENTS OF DEFAULT.......................................................3

8.     NOTICES.................................................................4

9.     COUNTERPARTS............................................................5

10.    THIRD PARTY RIGHTS......................................................5

11.    GOVERNING LAW...........................................................5





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THIS LOAN AGREEMENT is made on 16th January 2002,

BETWEEN:

(1)     DCD  Holdings   Limited  a  company   incorporated  in  Channel  Islands
        (Registered No. 13873) whose registered  office is Chancey  Chambers,  8
        Duhamer Place, St. Helier, Jersey,  Channel Islands ("Lender");  and

(2)     IVP  Technology   Corporation  a  company  registered  in  Nevada  whose
        principal place of business is at 2275 Lakeshore  Boulevard West,  Suite
        401,  Toronto,  Ontario,  M8V 3Y3, Canada  ("Borrower").

BACKGROUND

The Lender has agreed to provide a loan  facility to the Borrower on and subject
to the terms and conditions of this Agreement.

NOW IT IS HEREBY AGREED as follows:

1.      DEFINITIONS AND INTERPRETATION

        1.1.  In this Agreement:

              "Advance" means the loan facility of (pound)600,000 to be advanced
              by the Lender to the Borrower hereunder;

              "Business Day" means a day other than a Saturday, Sunday or public
              Holiday in England;

              "Event of Default" means any of the matters set out in clause 7;

              "Repayment Date" means 30 April 2002;

              "Interest  Payment Dates" means the last day of each month in each
              year after 30 April 2002;

              "Interest  Rate" means base rate of HSBC Bank plc minus 5% if that
              figure equals a positive figure.

        1.2.  References  in  this  Agreement  (or  to  any  provisions  of,  or
              definitions  contained  in) this  Agreement or any other  document
              shall  be  construed  as  references  to  this   Agreement,   that
              provision,  or document in force for the time being and as amended
              from time to time but only to the extent  that any such  amendment
              has been made in accordance with the terms of this Agreement.

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        1.3.  Headings  are for ease of  reference  only and shall be ignored in
              the interpretation of this Agreement.

        1.4.  In this Agreement, unless the context otherwise requires:

              1.4.1.  references to clauses are to be construed as references to
                      the clauses of this Agreement;

              1.4.2.  words  importing the singular shall include the plural and
                      vice versa;

              1.4.3.  references  to  persons  shall  include  any  firm,   body
                      corporate, company, government, state or agency of a state
                      or any  association or partnership  (whether or not having
                      separate  legal  personality)  of any  two or  more of the
                      foregoing.

2.      THE ADVANCE

        2.1.  The Lender grants to the Borrower upon the terms and conditions of
              this Agreement the Advance.

        2.2.  The Advance shall be repaid in the manner and subject to the terms
              and conditions set out in this Agreement.

3.      PURPOSES AND APPLICATION OF THE ADVANCE

        The proceeds of the Advance shall be at the disposal of the Borrower and
        may be applied for such purposes as the Borrower shall in its discretion
        determine.

4.      AVAILABILITY OF THE ADVANCE

        4.1.  The Advance  shall be available  for draw down in whole or in part
              at any time  during  the period  from 21 January  2002 to 30 April
              2002

        4.2.  Any part of the  Advance not drawn down on or before 30 April 2002
              must be drawn down on that day unless the Lender has given  notice
              to  the  Borrower  under  clause  7  below  that  the  Advance  is
              immediately due and repayable.

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5.      INTEREST

        5.1.  If the  Advance is drawn down in full in one tranche it shall bear
              interest at the Interest Rate in respect of the period  commencing
              on the date the Advance was drawn down and ending on the Repayment
              Date,  such  interest to be added to the Advance on the  Repayment
              Date.

        5.2.  If the Advance is drawn down in more than one  tranche,  each such
              tranche shall bear interest at the Interest Rate in respect of the
              period  commencing  on the date that the  relevant  tranche of the
              Advance  was drawn down and  ending on the  Repayment  Date,  such
              interest to be added to the Advance on the Repayment Date.

        5.3.  In the event and to the extent  that the  Advance is not repaid on
              the Repayment  Date the Advance or such part thereof as is for the
              time being  outstanding  shall bear  interest at the rate equal to
              the  base  rate of HSBC  Bank plc plus  4%,  such  interest  to be
              payable monthly in arrears on each Interest Payment Date.

6.      REPAYMENT

        6.1.  Unless  already  repaid under this  Agreement or agreed in writing
              with the Lender,  the  Borrower  shall repay the Advance  together
              with all interest accrued, if any, in cash on the Repayment Date.

        6.2.  A  certificate  from the  Lender as to the  amount at any time due
              from the Borrower to the Lender under this Agreement shall, in the
              absence of manifest error, be conclusive.

7.      EVENTS OF DEFAULT

        If:

        7.1.  default  is made by the  Borrower  in the  payment  of any sum due
              under this  Agreement  and such default  continues for a period of
              seven Business Days; or

        7.2.  any order is made by any competent court or resolution  passed for
              the  winding  up or  dissolution  of the  Borrower  save  for  the
              purposes of a solvent reorganization; or

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        7.3.  the Borrower ceases or threatens to cease to carry on the whole or
              a  substantial  part of its  business,  save for the purposes of a
              solvent  reorganization or the Borrower stops or threatens to stop
              payment of, or in unable to pay, or admits  inability  to pay, its
              debts (or any class thereof) as they fall due, or is deemed unable
              to pay its debts pursuant to or for the purposes of any applicable
              law, or is adjudicated or found bankrupt or insolvent; or

        7.4.  proceedings  (other than frivolous or vexatious  proceedings)  are
              initiated  against the Borrower under any applicable  liquidation,
              insolvency,  composition,  reorganization or other similar laws or
              (a)  an   application   is  made   for  the   appointment   of  an
              administrative or other receiver, manager,  administrator or other
              similar official, or an administrator or other receiver,  manager,
              administrator or other similar official is appointed,  in relation
              to the Borrower or in relation to the whole or a substantial  part
              of the  undertaking  or  assets of it,  or an  encumbrancer  takes
              possession of the whole or a substantial  part of the  undertaking
              or   assets  of  it,  or  a   distress,   execution,   attachment,
              sequestration or other process is levied,  enforced upon, sued out
              or put in force against the whole or a part of the  undertaking or
              assets of it; and (b) in any such case is not discharged within 28
              days;  or if  the  Borrower  initiates  or  consents  to  judicial
              proceedings  relating to itself under any applicable  liquidation,
              insolvency,  composition,  reorganization or other similar laws or
              makes a  conveyance  or  assignment  for the benefit of, or enters
              into any  composition  or  other  arrangement  with its  creditors
              generally (or any class of its creditors);

        then  and in any such  event  and at any time  thereafter  whilst  it is
        continuing, the Lender may, in its sole discretion, by notice in writing
        to the Borrower  declare the Advance to be  immediately  due and payable
        together  with interest in respect  thereof and, upon such  declaration,
        the Advance shall become immediately due without further demand or other
        notice of any  kind,  all of which are  hereby  expressly  waived by the
        Borrower.

8.      NOTICES

        8.1.  Each  communication  to be made under this Agreement shall be made
              in writing but,  unless  otherwise  stated,  may be made by telex,
              facsimile transmission or letter.

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        8.2.  Any communication or document to be made or delivered  pursuant to
              this  Agreement  shall  (unless  that other person has by 15 days'
              written notice to the other  specified  another address or another
              person for whose attention the communication or document should be
              marked) be made or delivered to the addresses  specified above and
              in each case  shall be  deemed  to have been if made by  facsimile
              transmission when received legibly and in full by the recipient or
              (in the case of any  communication  made by  letter)  when left at
              that  address  or (as  the  case  may  be) two  days  after  being
              deposited in the post first class  postage  prepaid in an envelope
              addressed to it at that address.

9.      COUNTERPARTS

        This  agreement  may be executed in any number of  counterparts  each of
        which when  executed by one or more of the parties  shall  constitute an
        original but all of which shall constitute one and the same instrument.

10.     THIRD PARTY RIGHTS

        A person who is not party to this  Agreement  shall have no right  under
        the Contracts  (Rights of Third Parties) Act 1999 to enforce any term of
        this  Agreement.  This clause does not affect any right or remedy of any
        person that exists or is available otherwise than pursuant to that Act.

11.     GOVERNING LAW

        This  Agreement  shall be governed by and  construed for all purposes in
        accordance with the laws of England and the parties hereby submit to the
        exclusive jurisdiction of the English courts.

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        IN WITNESS  WHEREOF the parties have executed this Agreement the day and
        year first above written.



                                        SIGNED by Shabir Randeree for         )
                                        and on behalf of DCD Holdings Limited )

                                        Duly authorized officer


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                                        SIGNED by Brian MacDonald for
                                        and on behalf of ICP TECHNOLOGY       )
                                        CORPORATION

                                        Duly authorized officer


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