EXHIBIT 10.2
                                                               ------------

                    SUMMARY OF SYNDICATED LOAN AGREEMENT
                    ------------------------------------

The following is a summary of the (euro)100,000,000 syndicated loan
agreement that Instrumentation Laboratory, S.p.A. has guaranteed:

Date:          31 July 2002

Borrower:      Izasa Distribuciones Tecnicas, S.A.

Amount:        (euro)100,000,000

Guarantees:    Joint and several  guarantees  from  Material  Subsidiaries.
               Material  Subsidiaries include those that represent at least
               5% of the assets,  EBITDA or consolidated revenues of Izasa.
               Initially the guarantors include Instrumentation Laboratory,
               S.p.A., Izasa Portugal - Distribucoes  Tecnicas Limitada and
               Biokit, S.A.

Maturity:      31 July 2007

Lenders:       Banco Bilbao Vicaya Argentaria,  S.A., Deutsche Bank, S.A.E.
               and a group of financial entities.

Interest:      EURIBOR plus Margin

               The  initial  Margin will be 1.50% per annum.  However,  the
               Margin  will be  modified  based on the ratio of Net Debt to
               EBITDA.

               If Net Debt to EBITDA is greater  than 3.5,  then the Margin
               will be 1.50%. If Net Debt to EBIDTA is greater than 3.0 but
               less than or equal to 3.5, then the Margin will be 1.25%. If
               Net Debt to EBITDA  is less  than or equal to 3.0,  then the
               Margin will be 1.00%.

Amortization:  The  loan  will  be  amortized  according  to the  following
               schedule:


                     ----------------------------
                     Month     Amount
                     ----------------------------
                     24        (euro)10,000,000
                     ----------------------------
                     30        (euro)10,000,000
                     ----------------------------
                     36        (euro)10,000,000
                     ----------------------------
                     42        (euro)10,000,000
                     ----------------------------
                     48        (euro)10,000,000
                     ----------------------------
                     54        (euro)10,000,000
                     ----------------------------
                     60        (euro)40,000,000
                     ----------------------------

Prepayment:    The loan may be prepaid on any interest  period date with 10
               days  prior  written  notice.  Any  payment  must  be  of at
               least (euro)5,000,000 and in (euro)1,000,000 increments.

Acceleration:  The following events,  among others,  will cause the loan to
               be accelerated:

                 o  Non-compliance with the conditions of the agreement;
                 o  Cessation   of  or  radical   change  to  the  business
                    operations;
                 o  Cross default;
                 o  Change of control.

Law:           The  loan  agreement  will be  governed  by the  laws of the
               Kingdom of Spain and the Courts of Barcelona.