Prepared by R.R. Donnelley Financial -- Loan Agreement dated 02/12/2002


 EXHIBIT 10.29 
  
 CONTRACT 
  
 Parties 
  
 The company organized and existing under the laws of Belgium, Remedent N.V., with registered office at Xavier de Cocklaan 42, 9831, Deurle, Belgium, represented for the
purposes of this Agreement by Robin List, it’s director, duly empowered by the Articles of Association; hereinafter referred to as REMM; 
  
 and 
  
 The company organized and existing under the laws of Belgium, Dental Marketing
Development N.V., with registered office at Xavier de Cocklaan 42, 9831, Deurle, Belgium, represented for the purposes of the Agreement by Guy De Vreese, it’s president duly empowered by Articles of Association; hereinafter referred to as DMD;

  
 and 
  
 Mr. Guy De Vreese, an individual with his address being Baarle Frankrijkstraat 82, 9830 Sint-Martens-Latem, Belgium hereinafter referred to as GDV. 
  
 WHEREAS, REMM wishes to obtain a credit line with the Bank Brussel Lambert for a total of €250,000 (two hundred fifty thousand euro’s). 
  
 WEREAS, REMM has been informed by the Bank Brussel Lambert that they need a security for the amount of €250,000 in order to grant
such a credit line. 
  
 WHEREAS, GDV is willing to secure this credit line with personal assets. 

 
 WHEREAS, the Bank Brussl Lambert has agreed to grant the credit line for REMM under the condition that (a) DMD, a privately
owned company by GDV, refunds its line of credit and (b) GDV personally guarantees the line of credit for REMM. 
  
 NOW THEREFORE, in consideration of the foregoing premises, and the mutual covenants contained herein, the parties hereto agree as follows: 
  
 (1)    LOAN 
  
 Upon the confirmation of the Bank Brussel Lambert
that the credit line for a total of €250,000 is granted (February 11, 2002) REMM loans DMD €125,000 (one hundred twenty five thousand euro’s) so that DMD can refund its line of credit. 
  
 (2)    REPAYMENT OF LOAN 
  
 DMD will repay the loan to REMM under the following conditions: 
  

	 	a)
	 
	The Bank Brussel Lambert cancels the line of credit of REMM due to insufficient securities. 
 

  
 Or 
  

	 	b)
	 
	REMM is no longer using the overdraft facility and has found other resources that have taken over the personal deposits (guaranteeing the €250,000) of GDV.

 

  
 Or 
 

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	 	c)
	 
	REMM is still using the overdraft facility but has found other recourses that have taken over the personal deposits (guaranteeing the €250,000) of GDV.
Therefore, GDV will not (in any way) be held liable for issues regarding the line of credit. 
 

  
 (3)    APPLICABLE LAW 
  

	 	3.1
	 
	All disputes resulting from or in relation with this Agreement must be settled by the Courts having jurisdiction in the place of residence of REMM.

 

  

	 	3.2
	 
	This Agreement is ruled by and shall be construed according to the laws of Belgium. 
 

  

IN WITNESS WHEREOF, the parties have executed this Agreement by their duly authorized representatives on the dates below written. 
  
 
	 On behalf of:
 Remedent N.V.
 Date; 12-02-2002
 City: Deurle
 	 	  	 	 On behalf of:
 Dental Marketing Development N.V.
 Date: 12-02-2002
 City: Deurle
 
	 
	 /s/  ROBIN LIST      
 
	 	  	 	   /s/  GUY DE VREESE
 

	 Mr. Robin List
 Director
 	 	  	 	 Guy De Vreese
 President
 

 
  
  
 
	 /s/  GUY DE
VREESE              
 
	 	  	 	  
	 Guy De Vreese
 Individual
 	 	  	 	  

 
 

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