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Exhibit 10 LOAN AGREEMENT DATE PARTIES:  (1)
    TELCO INVEST LIMITED whose Registered Office is 7-10 Chandos Street, Cavendish
Square, London W1G9DQand(2)
    Tricell Distribution Ltd whose address/Registered Office is Tricell Distribution Ltd,
Hilldenpark House, Tonbridge Road, Hilldenborogh, Kent TN11 9BH OPERATIVE PART:  1
    Interpretation  1.1
    In this agreement unless the context requires otherwise the following expressions
will have the following meaning: Expression
    
    Meaning1.1.1
    
    Advance Date
    
    date money is to be paid to
the Borrower pursuant to a
Request For Funding1.1.2
    
    the Borrower
    
    Tricell Distribution Ltd1.1.3
    
    Close of Business
    
    5pm1.1.4
    
    Funding Charge
    
    50% of the Gross Profit
together with any penalty
charged to the Borrower in
respect of each funding loan made
  Slongden/Telco
    
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1.1.5
    
    Goods
    
    mobile-telephone handsets
or accessories to be
described in the Request
For Funding1.1.6
    
    Gross Profit
    
    total sale price less total purchase price excluding
VAT as set out in the Request For Funding1.1.7
    
    the Lender
    
    Telco Invest Limited1.1.8
    
    Lenders Business Premises
    
    Imperial House, 3rd Floor,
21-25 North Street,
Bromley BR1 1SD1.1.9
    
    Loan Period
    
    expected period of the loan
in days as set out in the
Request For Funding1.1.10
    
    Normal Business Hours
    
    9am  5pm1.1.11
    
    Penalty
    
    50% of the Gross Profit
divided by the Loan Period1.1.12
    
    Principal Sum
    
    Ä2,000,000.00 (Two Million Pounds  Sterling)1.1.13
    
    Request For Funding
    
    a document in the form attached hereto providing
  Slongden/Telco
    
    2




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The following details of the
deal:1) No. of Units to be
purchased2) Purchase price3) Sale Price4) Loan Period5) Gross profit expected1.1.14
    
    Required Sum
    
    the sum required by the
Borrower up to a
maximum of the Principal
Sum as set out in the
Request For Funding
  2
    The Lender agrees to make available to the Borrower the Principal Sum on the date
hereof to provide a facility for a short term funding loan to be used by the Borrower, for
the purpose of purchasing the Goods for immediate resale at a profit.3
    The Borrower covenants with the Lender as follows:  3.1
    to provide the Lender on the Advance Date with a Request For Funding, a
reasonable amount of time prior to the Principal Sum being required by the
Borrower and to:  3.1.1
    fax and e-mail the Request For Funding to the Lender to
01785     286455 and     kim@meatordhall.demon.co.uk     or
kim@telcoinvest.com respectively  Slongden/Telco
    
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3.1.2
    telephone the Lender on 07970 570007 to notify that
the Request For Funding will be sent in advance of it being faxed and
e-mailed  3.2
    to repay to the Lender the Principal Sum during the Loan Period by the Close of
Business on the last day of the Loan Period3.3
    to pay to the Lender 50% of the Gross Profit by the Close of Business on the last
day of the Loan Period arising on the sale of the Goods.3.4
    to pay to the Lender the Penalty for each day that the Borrower defaults on the
repayment terms of the agreement set out in clauses 3.2 and 3.33.5
    to provide the Lender with copies of the purchase orders and sales invoices
detailed in the Request For Funding at the Close of Business on the last day of
the Loan Period if requested to do so by the Lender3.6
    the parties agree that any further advance from the Lender to the Borrower shall
be on the same terms as this agreement.  4
    The Lender Covenants with the Borrower as follows:  4.1
    to make a decision as to whether to provide the Required Sum within 1 hour of
the Request For Funding being received at the Lenders Business Premises
within Normal Business Hours but the Lender shall not be bound to accept any
Request For Funding received.4.2
    to issue to the Borrower an invoice in respect of the Funding Charge for each
completed funding lean made to the Borrower no later than the last day of the
calendar month in which the Required Sum was advanced.  5
    The whole of the Principal Sum or the balance of it for the time being unpaid will
become due and payable with interest calculated at Barclays Bank base rate which is  Slongden/Telco
    
    4




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currently set at 4.75% to the date of actual payment immediately if the Borrower goes
into liquidation or has a administrator appointed over its assets. SIGNED by the Parties on the date at the head of this agreement SIGNED AS A DEED AND DELIVEREDby
Telco Invest Limited in the presence of: and Tricell Distribution Ltd SIGNED AS A DEED AND DELIVEREDby [                              ] in the presence of: DATED:                              2005 LOAN AGREEMENT AMS Law
Solicitors
35/47 North Church Street
Sheffield
S1 2DH  Slongden/Telco
    
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REQUEST FOR FUNDING DATE:
REQUEST NO: THE DEAL PROPOSEDTHE GOODSUNIT PURCHASE PRICE
    
    £UNIT SALE PRICE
    
    £GROSS SALE PRICE (excluding VAT)
    
    £GROSS PURCHASE PRICE (excluding VAT)
    
    £GROSS PROFIT
    
    £50% GROSS PROFIT
    
    £REQUIRED SUMLOAN PERIOD
    
    ........ DAYS FROM THE DATE HEREOFBANK A/C LOAN TO BE PAID TO: -BANKSORT CODEACCOUNT NUMBERSWIFT CODE
  Slongden/Telco
    
    6