Document:

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                                                                    EXHIBIT 10.7

                           SERVICE PROVIDER AGREEMENT

         THIS AGREEMENT dated the 15th day of March 1999 is made between:

         1.       DOLPHIN TELECOMMUNICATIONS LIMITED whose principal place of
                  business is The Crescent, Jays Close, Basingstoke, Hants RG22
                  4BS ("Dolphin").

         2.       HUGO INTERNATIONAL LTD. whose principal place of business is
                  at 6 Waterside Drive, Langley Business Park, Langley, Slough,
                  SL3 6EZ (the "Service Provider").

         WHEREAS           Dolphin has been granted a Licence (as hereinafter
                           defined) to operate a nation-wide mobile radio
                           telecommunications system as specifically described
                           in such Licence; and wishes to grant to the Service
                           Provider certain non-exclusive rights to promote the
                           use of the System (as hereinafter defined) within the
                           Coverage Area (as hereinafter defined) and to grant
                           access to the System to Subscribers (as hereinafter
                           defined), all on the terms and conditions as follow;
                           and

         WHEREAS           the Service Provider wishes to accept such grant and
                           provide to Subscribers Services (as hereinafter
                           defined) made available by means of the System.

         NOW IT IS HEREBY AGREED:

         1.       DEFINITIONS

                  In this Agreement, the following words and expressions shall
                  (unless the context otherwise requires) have the following
                  meanings:

                  1.1      "Licences"               licences granted to Dolphin
                                                    by the Secretary of State
                                                    under the Telecommunications
                                                    Act 1984 ("T.Act Licence)
                                                    and a licence to operate a
                                                    TETRA Network granted to
                                                    Dolphin by the Secretary of
                                                    State under the Wireless
                                                    Telegraphy Act 1949
                                                    ("W.T.Act License");

                  1.2      "System"                 the telecommunications
                                                    system specified in the
                                                    W.T.Act Licence;

                  1.3      "T. Act"                 the Telecommunications Act
                                                    1984 and any regulations
                                                    thereunder;

                  1.4      "W.T.Act"                the Wireless Telegraphy Act
                                                    1949 and any
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                                                    regulations thereunder;

                  1.5      "Schedule of Charges"    the Schedule of Charges for
                                                    telecommunication services
                                                    as published by Dolphin from
                                                    time to time;

                  1.6      "Services"               such telecommunication
                                                    services as may be available
                                                    from time to time by means
                                                    of the System;

                  1.7      "Coverage Area"          the approximate area shown
                                                    in such coverage maps within
                                                    the United Kingdom as may be
                                                    published by Dolphin from
                                                    time to time;

                  1.8      "Subscriber"             the individual recipient of
                                                    the Services who is
                                                    authorized by the Service
                                                    Provider to use a Subscriber
                                                    Number (as hereinafter
                                                    defined);

                  1.9      "Subscriber Number"      such number(s) to be used by
                                                    the Subscriber for the
                                                    purposes of obtaining the
                                                    Services;

                  1.10     "Subscriber Equipment"   any mobile, transportable,
                                                    portable or fixed mobile
                                                    station apparatus which is
                                                    approved under the T.Act
                                                    and/or W.T.Act as applicable
                                                    for use on the System;

                  1.11     "Registration"           the process whereby the
                                                    relevant networks cause the
                                                    System to provide those
                                                    Services to which a
                                                    Subscriber elects to
                                                    subscribe to a Subscriber
                                                    Number. The words "Register"
                                                    and "Registered" shall be
                                                    construed accordingly;

                  1.12     "Agreement"              this agreement made between
                                                    Dolphin and the Service
                                                    Provider relating to the
                                                    provision of the Services
                                                    and to which the Schedules
                                                    of Charges and these terms
                                                    and conditions apply; and

                  1.13     "Agreement Period"       the period of this Agreement
                                                    as defined in Section 2.

                  Words in the singular shall include the plural and vice versa
                  where the context requires or admits.

                  References to sections shall be to the section numbers of this
                  Agreement.

                  References to any statute or statutory instrument shall
                  include any re-enactments, modifications or amendments thereto
                  for the time being in force.

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         2.       DURATION

                  This Agreement shall commence on the date hereof and shall
                  continue for an initial period of three (3) years and
                  thereafter until such time as it shall be terminated by
                  Dolphin upon the giving of at least two (2) years notice in
                  writing to the Service Provider (subject to the provisions for
                  earlier termination contained in section 8).

         3.       LICENCES

                  The Service Provider shall at its own expense obtain in its
                  own name any licence required by the T.Act and/or the W.T.Act.

         4.       GRANT OF RIGHT

                  Dolphin grants to the Service Provider the non-exclusive right
                  during the term of this Agreement to provide the Services to
                  Subscribers by means of the System.

         5.       UNDERTAKINGS OF THE SERVICE PROVIDER

                  The Service Provider hereby undertakes to Dolphin during the
                  term of this Agreement:

                  5.1      to use its best endeavors to promote the Services and
                           not to do anything which would reasonably be regarded
                           as inconsistent with this obligation;

                  5.2      to provide its services (including the Services) to
                           Subscribers in respect of the System in a proper and
                           efficient manner;

                  5.3      to employ such numbers of qualified management, sales
                           and technical personnel as will provide proper
                           demonstration, sales, advisory, repair and other
                           relevant services (including Services) to Subscribers
                           and potential Subscribers to the System;

                  5.4      to comply with the requirements of the United Kingdom
                           legislation and regulations relating to
                           telecommunications; not to use the Services for
                           improper or unlawful purposes; not to cause the
                           quality of the Services to be impaired; not to cause
                           the services of other Service Providers to be
                           impaired; and to impose binding obligations on its
                           Subscribers to comply with these undertakings and so
                           far as it is possible to ensure compliance by its
                           Subscribers therewith;

                  5.5      to comply with any code of practice issued pursuant
                           to the Licences and with any requirement under such
                           Licences applicable to Service Providers,

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                           in particular any requirements related to
                           confidentiality of Subscriber information;

                  5.6      to provide Dolphin with such information and
                           co-operation (including in particular a quarterly
                           forecast of subscriber activations and
                           disconnections) that Dolphin may reasonably require
                           and comply with all reasonable directions issued by
                           Dolphin with respect to the use of the Services;

                  5.7      to ensure in respect of all Subscriber Equipment
                           supplied by it that the proposed Subscriber is
                           properly instructed in the operation thereof and to
                           arrange repair, maintenance and after sales service
                           to a standard acceptable to Dolphin;

                  5.8      as required by the T.Act Licence and/or the W.T.Act
                           Licence and as published by Dolphin within its
                           Service Provider codes of practice to provide within
                           the terms and conditions of the contract between the
                           Service Provider and its Subscribers, an inexpensive
                           arbitration procedure by which disputes with its
                           Subscribers can be resolved;

                  5.9      to characterize as "proposed" or "projected" and not
                           otherwise, to its Subscribers or potential
                           Subscribers, the "proposed" or "projected" System
                           coverage and Services characterized as such by
                           Dolphin in its publications from time to time;

                  5.10     not to promote any rival service or system in
                           preference to the Services and the System nor to
                           unfairly discount any such service or system so as to
                           promote sales of that service or system in preference
                           to the Services and the System; and

                  5.11     to accept as Subscribers without unfair
                           discrimination and upon the standard terms and
                           conditions of trade of the Service Provider from time
                           to time, customers who have acquired equipment
                           approved under the T.Act and/or W.T.Act other than
                           from the Service Provider for use in connection with
                           the System.

         6.       UNDERTAKINGS OF DOLPHIN

                  Dolphin hereby undertakes to the Service Provider during the
                  term of this Agreement:

                  6.1      to operate and maintain the System retaining the
                           right without liability to the Service Provider, to
                           modify, expand, improve, suspend, maintain or repair
                           the System or the Services even if this requires
                           suspension of operation of such;

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                  6.2      to give to the Service Provider non-binding periodic
                           forecasts, proposals and projections of the coverage
                           of the System and the Services to be offered thereon;
                           and

                  6.3      to provide to the Service Provider such technical
                           advice, assistance and information related to the
                           operation of the System as the Service Provider may
                           reasonably request. Dolphin reserves the right at its
                           sole discretion to make reasonable charges for the
                           provision of such technical advice, assistance and
                           information as it considers to be beyond that which
                           it would normally provide without charge.

         7.       CHARGES AND PAYMENT

                  7.1      The Service Provider shall pay in respect of its
                           Subscribers, whether or not the Service Provider has
                           received payment from its Subscribers, the charges of
                           Dolphin as set out in the Schedule of Charges as
                           published from time to time corresponding to those
                           Services for which each Subscriber Number is
                           registered. Dolphin reserves the right to modify the
                           Schedule of Charges at any time and will provide
                           thirty days notice to the Service Provider of each
                           such modification, provided that this right shall not
                           be exercised unreasonably.

                  7.2      Charges shall be incurred in respect of each
                           Subscriber Number from the date of Registration.

                  7.3      The charges set out in the Schedule of Charges shall
                           be payable to Dolphin by the Service Provider at the
                           times and in the manner set out therein.

                  7.4      If the Service Provider fails to pay any such charge
                           by the due date for payment then Dolphin shall have
                           the right to charge interest at the rate of four (4)
                           per cent above the then base rate of National
                           Westminster Bank plc from the date such charge falls
                           due until the actual date of receipt of payment by
                           Dolphin.

                  7.5      Dolphin may at any time as a condition of the
                           provision or continuance of provision of the Services
                           to the Service Provider require security for payment
                           in the form of bank guarantees or otherwise to the
                           extent Dolphin at its sole discretion deems
                           appropriate, provided that this right shall not be
                           exercised unreasonably. Failure to provide such
                           security shall be deemed to be a breach of this
                           Agreement by the Service Provider.

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         8.       TERMINATION

                  8.1      This Agreement shall terminate within the Agreement
                           Period automatically and without notice:

                           (i)      in the event either of the Licences or any
                                    other licence in the name of Dolphin
                                    relating to the operation of the System or
                                    any modification or replacement thereof
                                    expires, is revoked, or is terminated; or

                           (ii)     in the event either party shall become
                                    insolvent or if a receiver is appointed in
                                    respect of its assets or if any order shall
                                    be made or a resolution passed for its
                                    winding up (other than a members voluntary
                                    winding up for purposes of amalgamation or
                                    reconstruction).

                  8.2      The Service Provider shall have the right to
                           terminate this Agreement within the Agreement Period
                           by prior written notice to Dolphin:

                           (i)      in the event Dolphin shall commit a material
                                    breach of any of the obligations on its part
                                    to be performed and (in the case of a breach
                                    capable of remedy) shall fail to remedy the
                                    same within thirty (30) days after notice is
                                    given to Dolphin by the Service Provider
                                    requiring such remedy; or

                           (ii)     for convenience of the Service Provider upon
                                    ninety (90) days prior written notice to
                                    Dolphin.

                  8.3      Dolphin shall have the right to terminate this
                           Agreement within the Agreement Period by prior
                           written notice to the Service Provider:

                           (i)      in the event any payment becoming due to
                                    Dolphin is in arrears for thirty (30) days
                                    after the same shall become payable;

                           (ii)     in the event the Service Provider shall
                                    commit a material breach of any of the
                                    obligations on its part to be performed and
                                    (in the case of a breach of remedy) shall
                                    fail to remedy the same within thirty (30)
                                    days after notice is given to the Service
                                    Provider by Dolphin requiring such remedy;
                                    or

                           (iii)    in the event that sales levels fall below
                                    the minimum sales criteria agreed between
                                    the parties at the time of the execution of
                                    this Agreement or such other criteria as are
                                    agreed between the parties from time to
                                    time, by more than 10% over three successive
                                    months.

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         9.       RESULT OF TERMINATION

                  9.1      Upon the expiry or termination of this Agreement
                           (howsoever caused) all monies then due from the
                           Service Provider to Dolphin shall become immediately
                           due and payable. Additionally the Service Provider
                           shall immediately discontinue any use of the names
                           "Dolphin" and all other trade names, signs, cards
                           notices and other display or advertising matter
                           indicative of Dolphin, or of its business or Services
                           and shall make or cause to be made such changes in
                           trade names, signs, cards, notices and other display
                           or advertising matter so as to distinguish
                           effectively its business from the subject matter of
                           this Agreement.

                  9.2      Upon the expiry or termination of this Agreement
                           (howsoever caused) but notwithstanding the
                           termination of this Agreement by Dolphin under
                           Sub-section 8.3(i), (ii) or (iii) or by the Service
                           Provider under Section 8.2(ii), the Service Provider
                           shall use its best endeavor to assign its Subscribers
                           (and contracts with Subscribers for the Services) to
                           another Service Provider of Dolphin, or to Dolphin or
                           any of its subsidiary or associated companies as
                           instructed by Dolphin, and shall provide accordingly
                           in its agreements with its Subscribers. At any time
                           either before or after expiry or termination of this
                           Agreement, upon Dolphin's request, the Service
                           Provider shall provide Dolphin with copies of the
                           Service Provider's agreements with its Subscribers
                           evidencing such provision. At any time, either before
                           or after expiry or termination of this Agreement,
                           Dolphin may write to the Service Provider's present
                           and former Subscribers to advise them of all other
                           Service Providers of Dolphin or of its subsidiaries
                           or associated companies from whom the Subscribers may
                           obtain the Services after expiry or termination of
                           this Agreement; and Dolphin or such subsidiaries or
                           associated companies may themselves provide Services
                           to the Subscribers or make arrangements for another
                           Service Provider to provide services to the
                           Subscribers.

                  9.3      Expiry or termination of this Agreement shall be
                           without prejudice to any claims or remedies that
                           Dolphin may have against the Service Provider and
                           vice versa accrued up to the date of expiry or
                           termination or available by reason of a breach of
                           Sections 9.2 or 14.

         10.      PROVISION OF SERVICES

                  10.1     The Services shall comprise such Services provided at
                           such times, during such periods, in such
                           circumstances and by such means as Dolphin may from
                           time to time consider reasonably appropriate.

                  10.2     Dolphin shall use all reasonable endeavors to provide
                           the Services in accordance with any specifications
                           and to any timescales issued by

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                           Dolphin from time to time but Dolphin cannot
                           guarantee that such provision will be fault free nor
                           that it will precisely meet such timescales.

                  10.3     Dolphin reserves the right:

                           (i)      having given reasonable notice, to change
                                    the number allocated to a Service Provider's
                                    Subscriber or any other code or number
                                    whatsoever allocated by Dolphin from time to
                                    time for use in connection with the
                                    enjoyment of Services from the System;

                           (ii)     in the event of war or the proclamation of
                                    an emergency, to cease summarily to provide
                                    Services or to temporarily suspend service
                                    to the Service Provider and/or its
                                    Subscribers.

                  10.4     Dolphin shall give such instructions concerning the
                           use of Services as it considers appropriate from time
                           to time in the interests of safety, of the quality of
                           the Services, of other Service Providers and/or
                           Subscribers or of the System as a whole, and any such
                           instructions shall, while they are in force be deemed
                           to form part of this Agreement. Dolphin shall take
                           such steps as it considers appropriate to bring such
                           instructions to the notice of the Service Provider
                           and its Subscribers.

         11.      ALLOCATION AND REGISTRATION OF SUBSCRIBER NUMBERS

                  11.1     Upon the request of the Service Provider and subject
                           to available System capacity, Dolphin shall allocate
                           a Subscriber Number for a Subscriber and Register
                           that Subscriber Number and the Services relating
                           thereto onto the System as soon as is reasonably
                           practicable.

                  11.2     Upon the request of the Service Provider Dolphin will
                           reserve additional contiguous Subscriber Numbers for
                           a Subscriber to allow for future growth. Dolphin
                           reserves the right to charge for further Subscriber
                           Numbers reserved.

                  11.3     Only those Services which the Service Provider
                           specifically requests shall be included within the
                           Registration.

                  11.4     The Service Provider shall provide to Dolphin
                           information related to the Subscriber using such
                           Subscriber Number in the format of the Service Order
                           Form attached to this Agreement or as modified by
                           Dolphin from time to time. Such information shall not
                           be used by Dolphin for any purposes other than that
                           related to the operation of the System and compliance
                           with the requirements of the Licences without the
                           prior written consent of the Service Provider.

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                  11.5     Once allocated by Dolphin, the Service Provider shall
                           not transfer or reallocate a Subscriber Number
                           between its Subscribers, nor shall it assign or
                           transfer a Subscriber Number to a third party without
                           prior written consent of Dolphin which consent shall
                           not be unreasonably withheld. The ownership of
                           Subscriber Numbers allocated to the Service Provider
                           shall at all times be vested in Dolphin. Under no
                           circumstances may the Service Provider or its
                           Subscribers duplicate a Subscriber Number, registered
                           by Dolphin, for use on more than one piece of
                           Subscriber Equipment at the same time.

         12.      CONNECTION OF OTHER TELECOMMUNICATIONS SYSTEMS AND APPARATUS

                  12.1     Dolphin shall at the written request of the Service
                           Provider and subject to the terms and conditions of
                           this Agreement, permit the connection to the System
                           of any telecommunications system or apparatus, which
                           is not a Specified Public Telecommunications System
                           as defined in the T.Act Licence, provided always
                           that:

                           (i)      such telecommunications system or apparatus
                                    shall be shown to comply with the Relevant
                                    Standards (as hereinafter defined) or where
                                    none exists Dolphin's standards for the time
                                    being in force and shall have any licences
                                    and approvals which may be necessary under
                                    the provisions of the T.Act and/or the
                                    W.T.Act;

                           (ii)     such telecommunications system or apparatus
                                    shall be shown to comply with the T.Act
                                    and/or the W.T.Act or any other statutory
                                    provision for the time being in force; and

                           (iii)    the Service Provider shall not make any
                                    alteration to such telecommunication system
                                    or apparatus once connected to the System
                                    without the prior written agreement of
                                    Dolphin.

                  12.2     Dolphin will permit any connection so made to remain
                           until the expiry or termination or expiry of this
                           Agreement or until such earlier date as the Service
                           Provider may request except that Dolphin shall have
                           the right summarily to disconnect any such connection
                           where:

                           (i)      such telecommunication system or apparatus
                                    which conformed at any Relevant Standard or
                                    where none exists the Network Operator's
                                    standards in force at the time of connection
                                    to the System, has ceased to do so and does
                                    not conform to any new Relevant Standard or
                                    where none exists the Network Operator's
                                    standards which may become applicable from
                                    time to time; or

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                           (ii)     such telecommunication system or apparatus
                                    is in the opinion of Dolphin liable to cause
                                    death of, or personal injury to, or damage
                                    to the property of Dolphin and its employees
                                    or any person involved in the running of the
                                    System or materially to impair the quality
                                    of the Services provided by means of the
                                    System and the Director General of
                                    Telecommunications has not expressed a
                                    contrary opinion.

                  12.3     In this condition "RELEVANT STANDARDS" means any
                           standard which may be specified in a licence granted
                           under the W.T.Act and/or the T.Act for the running of
                           a system to which this condition applies.

         13.      LIMITATION OF LIABILITY

                  13.1     For the avoidance of doubt Dolphin has no obligation
                           or duty or liability in contract, tort, for breach of
                           statutory duty or otherwise beyond that of a duty to
                           exercise reasonable skill and care in the provision
                           of the System.

                  13.2     In any event, Dolphin undertakes no liability
                           whatever whether in contract, tort, negligence, for
                           breach of statutory duty or otherwise for the acts or
                           omissions of other providers of telecommunications
                           services or systems or for fault in or failures of
                           their apparatus.

                  13.3     Dolphin shall not be liable to the Service Provider
                           for any costs, damages or losses incurred or
                           sustained by it arising from operation or any failure
                           whatsoever of the System or failure by Dolphin to
                           operate or the suspension or non-availability of the
                           System.

                  13.4     The Service Provider shall indemnify Dolphin and hold
                           it harmless in respect of any claims, costs, losses
                           or damages incurred by Dolphin in relation to any
                           claim brought by any Subscriber, third party, or by
                           any customer or employee of the Service Provider in
                           respect of the operation or failure of operation of
                           any kind of the System or arising directly or
                           indirectly from any breach of, or non-compliance with
                           the terms of this Agreement by the Service Provider
                           or in respect of any damage caused to the System by
                           the Service Provider and/or its Subscribers.

                  13.5     In any event Dolphin liability in contract, tort,
                           negligence, for breach of statutory duty or otherwise
                           arising by reason of or in connection with this
                           Agreement or howsoever otherwise shall be limited to
                           pound sterling 1,000,000 for any one incident or
                           series of incidents and pound sterling 2,000,000 for
                           any series of incidents related or unrelated in any
                           period of 12 months.

                  13.6     Each provision of this condition is to be construed
                           as a separate limitation applying and surviving even
                           if for any reason one or other of the said provisions
                           is held inapplicable or unreasonable in any
                           circumstance and

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                           shall remain in force notwithstanding the expiry or
                           termination of this Agreement.

                  13.7     Nothing in this clause shall exclude or restrict
                           liability for death or personal injury resulting from
                           Dolphin's own negligence.

         14.      CONFIDENTIALITY

                  All business or technical information disclosed by either
                  party ("DISCLOSING PARTY") to the other ("RECEIVING PARTY")
                  shall be treated as confidential unless expressly stated
                  otherwise in writing and shall not be disclosed to third
                  parties by the receiving party unless required to be disclosed
                  by the terms of government licence or regulation under which
                  Dolphin operates the System without prior written consent of
                  the disclosing party, provided that information shall not be
                  regarded as confidential if (a) it is authorized to be
                  disclosed by the disclosing party or (b) it is already known
                  by the receiving party, or (c) it is disclosed by a third
                  party without a breach of confidence, or (d) it is in the
                  public domain. This undertaking shall survive the expiry or
                  termination of this Agreement for a period of five years from
                  the date of such expiry or termination.

         15.      INTELLECTUAL PROPERTY RIGHTS

                  15.1     The Service Provider shall be under an obligation to
                           promote the Services using the "Dolphin" trademark
                           and logo provided always that the Service Provider
                           shall comply with such guide-lines and directions
                           issued by Dolphin from time to time in connection
                           with such trademark and logo and enter into such
                           agreements as may from time to time be required by
                           Dolphin in order to protect the rights of Dolphin
                           therein.

                  15.2     All intellectual property rights to the System and
                           the Services (whether copyright, patents, registered
                           designs, trademarks or similar rights) shall be
                           retained by Dolphin and the Service Provider shall
                           acquire no rights therein by reason of providing the
                           Services to Subscribers, by virtue of this Agreement,
                           by principles of estoppel, or otherwise.

                  15.3     All intellectual property rights in the Service
                           Provider's services, other than the Services (whether
                           copyright, patents, registered designs, trademarks or
                           similar rights) shall be retained by the Service
                           Provider and Dolphin shall acquire no rights therein
                           by virtue of this Agreement.

         16.      RELATIONSHIPS

                  16.1     This Agreement governs the provision of the Services
                           by means of the System to the Service Provider to the
                           exclusion of all other written or

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                           verbal representations, statements, understandings,
                           negotiations, proposals or agreements.

                  16.2     It is hereby agreed and acknowledged that there shall
                           be no contractual relationship between Dolphin and
                           the Service Provider's Subscribers by virtue of the
                           registration by Dolphin of Subscribers as users of
                           the System and the use of the System by Subscribers
                           except insofar as is necessary for Dolphin to comply
                           with the T.Act License and/or the W.T.Act License.

                  16.3     The Service Provider shall not represent itself to be
                           the agent of Dolphin for any purpose and shall not
                           pledge the credit of Dolphin nor incur any other
                           obligations or liabilities or make any promise or
                           representations on behalf of Dolphin. This Agreement
                           shall not create a partnership between the parties
                           hereto.

                  16.4     The Service Provider shall ensure that no term or
                           condition contained in any agreement with its
                           Subscribers shall contravene the conditions of this
                           Agreement, and shall be responsible for the making of
                           charges to Subscribers and collection thereof in
                           respect of Services.

         17.      TAXES

                  The Service Provider shall be responsible for and shall
                  indemnify Dolphin and hold it harmless against all taxes,
                  levies and other payments of a similar nature (and in
                  particular against all defaults of the same) imposed by any
                  present or future law of the United Kingdom or elsewhere which
                  may become payable (howsoever arising) as a result of the
                  Service Provider providing any service to any Subscriber
                  dependant on or relating to the Services. Such indemnity shall
                  not include the licence fees payable by Dolphin under the
                  Licences or any tax on, or assessed by reference to, the
                  profits of Dolphin.

         18.      FORCE MAJEURE

                  Neither Dolphin nor the Service Provider shall be under any
                  liability for any breach of any provision of this Agreement or
                  any other failure hereunder if and to the extent that such
                  breach or failure is as a result of Acts of God, war (whether
                  declared or not), sabotage, riot, explosion, Government
                  control, restrictions or prohibitions or any other Government
                  act or omission whether local or national, requirement to act
                  in accordance with the Licences, act or default of any
                  supplier, agent, or subcontractor, industrial disputes of any
                  kind, physical obstacles or atmospheric conditions or any
                  other cause beyond the reasonable control of either party.

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         19.      WAIVER

                  Any concession or waiver allowed by Dolphin to the Service
                  Provider shall only be valid if given by Dolphin in writing
                  and shall neither prevent Dolphin from exercising any of its
                  rights nor prejudice Dolphin's rights to take any subsequent
                  action.

         20.      NOTICES

                  Any notice required or permitted to be given under this
                  Agreement shall be in writing and may be given by any means
                  reasonably calculated to reach the other party including,
                  without limiting the generality of the foregoing, telex or
                  first class post addressed to such party at its address as
                  stated in this Agreement or such other address as shall have
                  been notified to the first party as being the address for the
                  receipt of such notices. Such notice if given by first class
                  post shall be deemed to have been delivered not later than the
                  second day after posting.

         21.      HEADINGS AND INTERPRETATIONS

                  21.1     The headings in this Agreement shall not be deemed to
                           be part hereof or be taken into consideration in the
                           interpretation of construction of this Agreement.

                  21.2     If any of the works or provisions of this Agreement
                           shall be deemed to be invalid for any reason then
                           they shall be read as if the invalid provisions had
                           to that extent been deleted therefrom and the
                           validity of the remaining provisions of this
                           Agreement shall not be affected thereby.

         22.      ASSIGNMENT OF AGREEMENT

                  This Agreement shall not be assigned either in whole or in
                  part by the Service Provider to any third party except with
                  Dolphin's prior written consent and in any event any purported
                  assignment of this Agreement shall not have any force and
                  effect unless such assignment is to another Service Provider
                  which has a subsisting Service Provider Agreement with Dolphin
                  or associated companies.

         23.      SUB-CONTRACTING

                  The Service Provider shall not sub-contract or delegate the
                  performance of any of its obligations under this Agreement
                  without the prior written consent of Dolphin. Such consent
                  shall not be unreasonably withheld where, in the opinion of
                  Dolphin, the sub-contractor or delegate is sound and
                  reputable.

                                      -13-
<PAGE>   14
         24.      VARIATION

                  Subject to the notification and publication provisions of the
                  Licence Dolphin shall have the right at any time to make
                  amendments or variations to this Agreement:

                  24.1     of a minor nature which are reasonably appropriate
                           for the provision of the Services; or

                  24.2     reasonably considered by Dolphin (after consultation
                           with the Office of Telecommunications) to be made
                           necessary by any provision of the Licences or changes
                           thereof.

                  Any amendments or variations referred to above shall take
                  effect immediately upon publication by Dolphin.

         25.      GOVERNING LAW

                  This Agreement shall be governed by and construed in
                  accordance with English Law.

                                      -14-
<PAGE>   15
         IN WITNESS WHEREOF the hands of the duly authorized representative of
         the parties the day, month and year first above written.

         Signed by:                                      Mark Pearson
                                             ----------------------------------

         Signature:                                    /s/ Mark Pearson
                                             ----------------------------------

         For and on behalf of:               Dolphin Telecommunications Limited

         In the presence of:                            Philip Russell
                                             ----------------------------------

                                             ----------------------------------

         Signature of Witness:                        /s/ Philip Russell
                                             ----------------------------------

         Signed by:                                      D.W. Foden
                                             ----------------------------------

         Signature:                                     /s/ D.W. Foden
                                             ----------------------------------

         For and on behalf of:                      Hugo International Ltd.
                                             ----------------------------------

         In the presence of:                             David Domour
                                             ----------------------------------

                                             ----------------------------------

         Signature of Witness:                         /s/ David Domour
                                             ----------------------------------

                                      -15-<PAGE>   1

                                                                    EXHIBIT 10.8

                                LLOYD'S BANK PLC

                      BUSINESS' LOAN AGREEMENT (CORPORATE)
  (TO BE USED ONLY WITH COMPANIES REGULATED IN ENGLAND & WALES OR IN SCOTLAND)
We Lloyds Bank Plc of 45 The Broadway, Ealing, London W5 5JU offer you Hugo
International Limited (company registered number 2757258 and referred to in this
agreement as the "Customer") of 6 Waterside Drive, Langley, Slough, Berkshire a
loan on the following terms and conditions and where this agreement includes any
optional wording (as noted by a box or an asterisk) the wording marked with an
"X" or with a tick or, as appropriate, the wording not deleted shall apply.

SPECIFIC TERMS AND CONDITIONS

THE LOAN

The maximum amount of the loan (excluding any amounts of interest that will be
added to the loan if the agreement provides for this) shall be Pound
Sterling 400,000.00. This amount is to be used for Purchase of Pro-Comm and
may be borrowed in:

              x      one amount

              []     several amounts of not less that Pound Sterling
                     each (although the last amount drawn may be smaller)
on or before 10 April, 1999 or such later date as the Bank may agree. Any amount
which has not been borrowed by the agreed date will be cancelled. The proceeds
of the loan will be credited to:

              x      the Customer's current account no. 2121516

              []     the Customer's loan account(s) no.

              []     the account(s) no.                     of
                     at
Unless the Bank agrees otherwise, no drawing may be made until all the
PRECONDITIONS set out below have been satisfied.

PRECONDITIONS AND SECURITY

Unless received by the Bank prior to the date on which this agreement is signed
by the Bank, the Bank is to receive in form and substance acceptable to the Bank
the security (if any) listed in the

                                      -1-
<PAGE>   2

Security Schedule to this agreement together with such evidence as the Bank may
require to confirm the value of such security and to confirm that such security
is fully effective, and the documents, evidence or other requirements of the
preconditions (if any) set out in the Preconditions Schedule to this agreement.

FEES AND COSTS

The Customer shall pay any costs and expenses incurred by the Bank in assessing
the loan, in the preparation of this agreement and in the preparation,
valuation, taking or release of any guarantee or security at any time given in
connection with this agreement. In particular the following charges shall be
paid to the Bank by the Customer on demand by the Bank. These charges are to be
paid even if the loan is not drawn down.

         Security Costs Pound Sterling 515.00 (estimated) Valuation Fee Pound
         Sterling 200.00 (estimated)

(Estimated costs/fees have been calculated on the basis of the Bank's experience
with similar transactions. The actual amount charged to the Customer may be more
or less than the above estimated figure(s).)

An arrangement fee is also payable. This fee shall be paid to the Bank by the
Customer as follows:

         Pound Sterling N/L promptly following the Customer's acceptance of this
         agreement, and Pound Sterling 4000.00 on the date of the first drawing
         under this agreement.

As mentioned in clauses 3 & 6 of the General Terms and Conditions of this
agreement, other costs to the Customer may arise in connection with the loan.

INTEREST

The rate of interest payable on the loan will be:

              x      Base Rate plus 2 1/2% per annum, currently 8 % per annum in
                     total.

              []     Managed Rate, currently    % per month

              []     ++ Managed Rate, currently    % per month, but until the
                     first anniversary of the date of the first drawing under
                     this agreement the rate shall be reduced by 0.25% per month
                     unless an Event of Default occurs.

              []     + Fixed Rate      % per annum
                     * for the term of the loan/*until       ( the Review
                     Date")/.

              []         % per annum above the fixed rate (inclusive of
                     liquidity costs - see clause 3.2 of the General Terms and
                     Conditions of this agreement) quoted

                                      -2-
<PAGE>   3

                     by the Bank's Treasury Division at or about the time of
                     drawdown * for the term of the loan/* until          (the
                     "Review Date")/.

                                      -3-
<PAGE>   4

                                    REPAYMENT

The loan is repayable by 48 consecutive monthly instalments representing
principal and interest commencing thirteen months after drawdown.

The Customer shall make twelve consecutive monthly payments of interest only
commencing one month after drawdown.

The amount of the said instalments and payments will vary with changes in the
interest rate and the number of the days in the month.

                                      -4-
<PAGE>   5

(i)      References in this agreement to *"Base Rate" means the Bank's *Base
         Rate from time to time. This rate will be displayed in the branch of
         the Bank where the Customer's account is held and may be varied (either
         up or down) by the Bank at any time.

(ii)     If a fixed rate is specified above as being applicable to the loan for
         less than the terms of the loan, the rate of interest payable on the
         loan from the Review Date will (unless at any time otherwise agreed)
         be:

         []       Base Rate plus      % per annum, currently    % per annum in
                  total.

         []       Managed Rate, currently     % per month.

(iii)    Interest shall be:         []  paid by the Customer

                                    x   added to the loan

                                    []  paid by the Customer until
         and then added to the loan *one month(s) after the date of the first
         drawing, at *monthly* intervals thereafter/

         and on the date of the final repayment of the loan.

(iv)     If the Customer fails to pay any amount payable under this agreement
         when due the rate of interest may be increased in accordance with
         clause 6.3 of the General Terms and Conditions of this agreement.

EARLY REPAYMENT FEES

As mentioned in clause 2 of the General Terms and Conditions of this agreement,
the loan may be repaid early. On the date of each early repayment the Customer
shall pay to the Bank a fee equal to:

[]           days' interest on the amount then being repaid.

[]           % of the amount then being repaid.

[]       Pound Sterling

If a fixed rate of interest applies to the loan, further costs to the Customer
(as set out in clause 2 of the General Terms and Conditions of this agreement)
may arise in connection with any early repayment of the loan.

PERIOD OF OFFER

This agreement shall come into effect only if the Bank receives from the
Customer and finds in order a signed copy of this agreement on or before 10
April 1999.

                                      -5-
<PAGE>   6

GENERAL TERMS AND CONDITIONS

USE OF LOAN PROCEEDS

1.1.     Unless the loan is only for working capital or general business
         purposes, each amount borrowed shall be held in trust for the Bank
         until used for the purpose stated in specific Terms and Conditions of
         this agreement.

REPAYMENT

2.1.     The Customer will repay the loan on the dates, and in the manner set
         out in the Specific Terms and Conditions of this agreement.

2.2.     Unless interest on the loan is then being calculated at a margin over a
         fixed rate of interest quoted by the Bank's Treasury Division, the
         Customer may at any time after giving at least 7 day's notice to the
         Bank make early repayment of all or any part of the loan but no amount
         repaid early may be borrowed again. Each early repayment of part of the
         loan must be of at least Pound Sterling2,000 and will be applied to
         reduce subsequent repayments proportionately unless the Customer gives
         notice to the Bank to apply the early repayment to then latest
         scheduled repayment installment(s) so as to reduce the term of the
         loan.

2.3.     At any time interest on the loan is being calculated at a margin over a
         fixed rate of interest quoted by the Bank's Treasury Division, the
         Customer may at any time after giving at least 7 days' notice to the
         Bank make early repayment of all (but not part) of the loan. The loan
         may not be borrowed again once it has been repaid.

2.4.     Should a fixed rate of interest apply to the loan and the Customer not
         drawdown the loan on the date at any time agreed or, for any reason,
         repay or be required to repay the loan or any part of the loan other
         than in accordance with the terms of clause 2.1 above, the Customer
         shall, in addition to any fee that may be specified in the Specific
         Terms and Conditions of this agreement, pay to the Bank immediately on
         demand any cost or loss to the Bank which in the Bank's opinion results
         from such action. Such cost or loss will include, but will not be
         limited to:

         (a)      any loss or expense sustained or incurred by the Bank in
                  repaying or re-employing deposits acquired by the Bank at a
                  fixed rate of interest in order to make or maintain the loan,
                  and

         (b)      any loss or expense sustained or incurred by the Bank in
                  respect of any agreement it has entered into to compensate for
                  the potential cost to the Bank of on-lending at a fixed rate
                  of interest deposits acquired by the Bank at a variable rate
                  of interest in order to make or maintain the loan, including
                  any loss or expense sustained or incurred by the Bank:

                                      -6-
<PAGE>   7

                  (i)      in fulfilling or terminating any obligation it may
                           have under any such agreement; and

                  (ii)     in entering into and fulfilling any obligation it may
                           have under any other agreement it may enter into to
                           offset the cost of continuing such first agreement.

2.5.     If the sixth repayment option set out in the Specific Terms and
         Conditions of this agreement is to apply:

         (a)      the Bank may (but is under no obligation) at any time after
                  giving the customer at least 7 days' notice vary the repayment
                  installment amount to take account of any change in the rate
                  of interest applicable to the loan, and

         (b)      the Bank may, if changes in the rate of interest applicable to
                  the loan are not taken into account by variations in the
                  repayment installment amount or if for any reason whatsoever
                  any amount remains owing to the Bank on the anticipated final
                  repayment date, require the Customer to continue the repayment
                  installments until such time as all amounts owing under and in
                  connection with this agreement have been repaid in full.

INCREASED COSTS AND CHANGES IN CIRCUMSTANCES

3.1.     In running its business the Bank and any holding company of the Bank
         each has to comply with certain regulations and requirements laid down
         by the bank of England and other official organisations or bodies as
         well as the law generally. The rate of interest quoted in the Specific
         Terms and Conditions of this agreement has been set in the light of how
         this affects the cost (to the Bank and any such holding company) of the
         Bank making the loan available at the time the Bank signed this
         agreement. If, as a result of any new laws, regulations or requirements
         or any changes in existing ones, the cost to the Bank or any such
         holding company of the Bank agreeing to make or of making the loan
         available is increased the Bank may increase the rate of interest
         charged on the loan to compensate for that extra cost.

3.2.     If the rate of interest specified in the Specific Terms and Conditions
         of this agreement is stated as including liquidity costs, it includes
         the cost to the Bank of complying with the monetary control
         requirements of the Bank of England existing at the time the Bank
         signed this agreement. Whilst in such circumstances it would be the
         Bank's intention to apply a fixed rate of interest until the Review
         Date or (if a fixed rate of interest is to apply for the term of the
         loan) for the term of the loan, liquidity costs may vary from time to
         time and any variation in liquidity costs may result in a change in the
         rate of interest payable on the loan. The Bank will determine the
         liquidity costs on each date interest on the loan is due to be paid by
         the Customer and, if in the Bank's opinion there is then a material
         difference (either up or down) in liquidity costs it will promptly
         advise the Customer of the new rate of interest then to apply to the
         loan.

                                      -7-
<PAGE>   8

3.3.     If at any time the currency in which the loan is denominated is due to
         be or has been converted into the euro or any other currency as a
         result of a change in law or by agreement between the bank and the
         Customer then:

         (a)      the Bank may in its sole discretion determine and shall notify
                  the Customer in writing of the currency or currency unit in
                  which amounts payable under this agreement shall be paid.
                  After the expiry of 7 days from the date of such notice all
                  payments falling due under this agreement shall be made in
                  such currency or currency unit, and

         (b)      (i)      the Bank may by giving not less than 21 days written
                           notice to the Customer change any of the terms
                           applying to the loan but only to the extent that the
                           Bank reasonably considers any such change necessary
                           to take account of differences in market practice or
                           to compensate for increases in costs to the Bank or
                           to any holding company of the Bank arising from or
                           related to such conversion or arising from or related
                           to the introduction of monetary union within the
                           European Union. Any such change shall amend the terms
                           of this agreement upon expiry of such period of
                           notice, and

                  (ii)     at any time within 21 days of receipt of the Bank's
                           notice the Customer may make early repayment of all
                           (but not part) of the loan without incurring any
                           early repayment fee that might otherwise be payable.
                           Such repayment shall otherwise be in accordance with
                           the terms of clauses 2 and 3.3(a) above.

REPRESENTATIONS

4.1.     The Customer represents that:

         (a)      all action required or necessary to authorize its execution of
                  this agreement and the performance of its obligations under
                  and in connection with this agreement has been taken and
                  neither the execution of this agreement nor the performance of
                  the Customer's obligations will constitute or result in any
                  breach of any agreement, law, requirement or regulation.

         (b)      no material litigation, administrative or judicial proceedings
                  are presently pending or threatened against the Customer or
                  any of its subsidiaries.

         (c)      there has been no material adverse change in the financial
                  condition of the Customer or any of its subsidiaries since the
                  date of the financial statement received by the Bank prior to
                  the date on which this agreement is signed by the Bank, and

                                      -8-
<PAGE>   9

         (d)      no Event of Default (as described in clause 6.1 of this
                  agreement) has occurred and is continuing and no circumstance
                  has occurred which, with the giving of notice or the passing
                  of time, could become or cause an Event of Default.

4.2.     The Customer shall be deemed to repeat the above representations on
         each day (with reference to the facts and circumstances then existing)
         prior to drawdown of the loan and thereafter until all amounts payable
         to the Bank under this agreement have been paid.

UNDERTAKINGS

Prior to drawdown of the loan and thereafter until all amounts payable to the
Bank under this agreement have been paid:

5.1.     neither the Customer nor any of its subsidiaries shall:

         (a)      without the Bank's consent create or allow to be in place any
                  mortgage, charge or other security interest or encumbrance
                  over the whole or any part of its business or any of the
                  property, income or other assets of its business or enter into
                  any transaction which in the Bank's opinion has a similar
                  effect, or factor or assign any debts, or

         (b)      sell, lease or otherwise dispose or attempt to dispose of the
                  whole or any part of its business or any of the property,
                  income or other assets of its business other than for a full
                  and fair value, or

         (c)      change the nature of its business as it is now conducted, and

5.2.     the Customer shall promptly provide the Bank with copies of any
         financial information that the Bank may from time to time reasonably
         request, including:

         (a)      copies of its financial statement within 150 days of the end
                  of each financial year of the Customer, and

         (b)      copies of its periodic management accounts at such intervals
                  as the Bank may require in a form acceptable to the Bank
                  within 30 days of the end of the period to which they relate.
                  The Bank may at its option require such management accounts to
                  incorporate an age-analysis of debtors, a schedule of all
                  tenancies (if any) of any property security existing at the
                  date of the accounts, and/or a breakdown of stock in trade,
                  and

5.3.     the Customer and each of its subsidiaries shall maintain with reputable
         underwriters or insurance companies adequate insurance on and over its
         respective business and assets, such insurance to be against such risks
         and to the extent usual for persons carrying on a business such as that
         carried on by the Customer or, as the case may be, by the relevant
         subsidiary and, from time to time upon the request of the Bank, the
         Customer shall furnish the Bank with evidence of such insurance, and

                                      -9-
<PAGE>   10

5.4.     unless any specific requirement is set out in any Additional Terms and
         Conditions added to this agreement (which requirement shall take
         precedence over this clause) the Customer agrees to reduce the loan (in
         accordance with the terms of clause 2 above) or to provide the Bank
         with additional security acceptable to the Bank if the ratio of the
         loan to the value of the security given to the Bank is at any time
         higher than that applicable on the date this agreement was signed by
         the Bank and agrees to provide such evidence as the Bank may from time
         to time require to confirm the value of such security and to confirm
         that the security remains fully effective.

DEFAULT AND TERMINATION

6.1.     The events listed in (a) to (j) below are called "Events of Default".
         As soon as an Event of Default happens or at any time thereafter, by
         giving notice to the Customer, the Bank may cancel any obligations it
         has to lend money to the Customer and may also make the loan become
         repayable on demand. When the loan is repayable on demand, the Customer
         must repay the loan to the Bank together with all interest which has
         accrued on the loan as soon as the Bank requests the Customer to pay
         these amounts. The Bank may do this at the time the loan becomes
         repayable on demand or at any later time.

         EVENTS OF DEFAULT

         (a)      the Customer fails to pay when due any indebtedness owed by
                  the Customer to the Bank or fails to comply with any other
                  obligation under or condition of this agreement,

         (b)      the Customer fails to pay when due any indebtedness owed by it
                  to another creditor or any creditor of the Customer changes
                  (or obtains the right to change) the original date on which
                  that indebtedness is or was due to be paid to an earlier date
                  as a result of the Customer's failure to comply with
                  obligations in connection with that indebtedness,

         (c)      any representation or statement made by the Customer to the
                  Bank, whether or not in connection with this agreement, proves
                  to have been incorrect or inaccurate when made or deemed made,

         (d)      any person with a legal claim takes possession or a receiver,
                  custodian, trustee, liquidator or similar official is
                  appointed of the whole or any part of the Customer's business
                  or of any of the Customer's assets or a petition is presented
                  for the making of an administration order or a judgment,
                  decree or diligence is made or granted against the Customer.

         (e)      a petition is presented or an order is made or a resolution is
                  passed for the winding up of the Customer or the Customer is
                  or becomes insolvent or stops or threatens to stop payment of
                  its debts generally or is deemed by law unable to pay its
                  debts or the directors of the Customer convene a meeting of
                  shareholders or creditors

                                      -10-
<PAGE>   11
                  with a view to winding up or the Customer makes or seeks to
                  make any other arrangement or composition with its creditors.

         (f)      the Customer ceases or threatens to cease to carry on its
                  business in the normal course or fails to maintain or breaches
                  any franchise, licence or right necessary to conduct its
                  business or breaches any legislation relating to its business,
                  including but not limited to any applicable environmental
                  protection laws,

         (g)      the persons who now control the Customer cease to have control
                  of the Customer,

         (h)      any guarantee, other security or other document or arrangement
                  relied upon by the Bank in connection with the loan ceases to
                  be continuing or ceases to remain fully effective if the Bank
                  reasonably believes that the effectiveness of any such
                  document or arrangements is in doubt or if any provision of
                  such document or arrangement is not complied with for any
                  reason.

         (i)      any of the above events occur or a similar circumstance arises
                  in relation to any parent or subsidiary of the Customer or any
                  guarantor of or other provider of security for the loan or, if
                  any individual provides any guarantee or other security for
                  the loan, a petition is presented for a bankruptcy order
                  against any such individual or an application is made in
                  connection with a proposal to creditors for a voluntary
                  arrangement by any such individual or any such individual dies
                  or becomes incapable of managing his or her affairs by reason
                  of mental disorder, or

         (j)      the Customer fails to disclose to the Bank any important
                  information that is relevant to the loan or the security
                  required or the Customer undertakes or is subject to any
                  action or occurrence which the Bank reasonably believes could
                  place at risk the payment of any amount owing to the Bank.

6.2.     If any Event of Default happens or anything happens that might lead to
         an Event of Default, the Customer shall inform the Bank immediately.

6.3.     If any amount payable in respect of this agreement is not paid when due
         (including any amount payable under this clause 6) the Customer shall
         pay interest on that amount at the default rate from the date on which
         the amount was due until it is paid to the Bank. Interest, if unpaid,
         shall be added to the amount in default at monthly intervals. The
         default rate shall be the rate determined by the Bank to be 3% per
         annum higher than the rate of interest specified in the Specific Terms
         and Conditions of this agreement that would normally apply.

6.4.     The Customer shall indemnify the Bank against any costs incurred or
         losses sustained by the Bank as the result of any Event of Default
         happening or any failure by the Customer to pay any amount demanded by
         the Bank as a result of an Event of Default.

6.5.     The Customer shall also pay any costs and expenses incurred by the Bank
         in enforcing or perfecting any security for the loan and in enforcing
         or preserving its rights under this agreement.

                                      -11-
<PAGE>   12

OTHER

7.1.     This agreement shall be construed and have effect in accordance with
         the applicable law and is subject to the jurisdiction of the Courts in
         the jurisdiction of the applicable law. The applicable law will be the
         laws of England and Wales or the laws of Scotland; it will be the
         governing law of the country in which the branch or office of the Bank
         given at the heading of this agreement is situated on the date this
         agreement is signed by the Bank. The Bank may take action against the
         Customer in any other jurisdiction where proceedings may be lawfully
         commenced.

7.2.     If at any time the Bank delays exercising any of the rights it has
         under this agreement or exercises only part of those rights it will
         still have the right to exercise all or any of those or any other
         rights at any later time.

7.3.     If any drawing of the loan or if any payment becomes due from the
         Customer on a day which is not a business day then the amount concerned
         will be drawn or, as the case may be, will become payable on the next
         business day. A business day is a day other than a Saturday or a Sunday
         on which banks in the jurisdiction of the applicable law are open for
         normal business.

7.4.     The bank may use any credit balance there may be on any of the
         Customer's accounts towards payment of any amounts owed by the Customer
         to the Bank under this agreement without notifying the Customer
         beforehand whether such credit balances are in sterling or any other
         currency or are deposited for fixed or determinable periods.

7.5.     Unless otherwise agreed by the Bank the Customer shall at all times
         during the term of this agreement keep a current account with the Bank
         and all amounts from time to time due to the Bank under this agreement
         may be debited to that account. The Customer shall keep enough money in
         the current account (or ensure that there are sufficient funds
         available within any agreed overdraft) to meet all such payments as
         they become due.

7.6.     Any security given to the Bank (whether given before the date on which
         this agreement is signed by the Bank or at any time in the future and
         whether or not specified in this agreement) shall, unless otherwise
         agreed by the Bank, be security not only for the loan but also for all
         other moneys and liabilities whether certain or contingent at any time
         due, owing or incurred to the Bank by the Customer.

7.7.     Members of the Lloyds TSB group may transfer information regarding the
         Customer among themselves and to their auditors for the time being but
         not further or otherwise without the Customer's prior written consent
         unless such information is in the public domain or unless required by
         law so to do.

7.8.     This agreement and all communications from the Customer to the Bank in
         connection with this agreement and the loan (all of which are to be
         sent in writing to the Bank) shall be signed on behalf of the Customer
         in accordance with the mandate given by the Customer to the Bank.

                                      -12-
<PAGE>   13

7.9.     Any change to this agreement that is not permitted in this agreement
         must be made in writing and be signed by both the Bank and the
         Customer.

7.10.    The Specific Terms and Conditions and General Terms and Conditions of
         this agreement together with any Additional Terms and Conditions
         attached to this agreement shall be read and construed as one
         agreement.

7.11.    References in this agreement to:

         (a)      the "Bank" means and includes Lloyds Bank Plc and its
                  successors and assigns,

         (b)      "control" shall have the meaning given to it in Section 840 of
                  the Income and Corporation Taxes Act 1988 or any amendment to
                  or restatement of that Act for the time being in force,

         (c)      "financial statement" means at any particular time the latest
                  consolidated balance sheet and profit and loss account (being
                  audited or signed by an independent accountant if so required
                  by law or by the Bank at any time and being prepared on the
                  same basis and in accordance with the same accounting
                  principles as the latest such balance sheet and profit and
                  loss account received by the Bank prior to the date on which
                  this agreement is signed by the Bank) of the Customer and its
                  subsidiaries together with the notes to both,

         (d)      "loan" means, at any particular time, the total amount which
                  may be borrowed by the Customer under this agreement or, if
                  appropriate, the total amount which has been debited to the
                  loan account and remains outstanding at such time,

         (e)      "month" means calendar month except that, when the rate of
                  interest is quoted as "per month," it means one twelfth
                  (1/12th) of a year, and

         (f)      "parent" and "subsidiary" shall have respectively the meaning
                  given to 'parent undertaking' and 'subsidiary undertaking' in
                  Section 258 of the Companies Act 1985 or any amendment to or
                  restatement of that Act for the time being in force.

                                      -13-
<PAGE>   14

                                Security Schedule

An unlimited Debenture dated 16 February 1996.

Guarantee of Pound Sterling500,000 from David William Foden, together with First
Mortgage over 2938 Nine Mile Road, Finchampstead from David William Foden, First
Mortgage over 301 Chapter Road, London NW2 from William and Irene May Foden,
Second Mortgage over 39 Heathermount Drive, Crowthorne, Berks from David William
and Gillian Leslie Foden.

An Assignment of the proceeds of a keyman insurance policy number 65B88X59 with
Rothchilds and in respect of David William Foden.

The Customer acknowledges receipt of a copy of this agreement and, in
consideration of the Bank agreeing to grant the loan, agrees to the Specific
Terms and Conditions and to the General Terms and Conditions set out above and
to the attached Additional Terms and Conditions (Forms numbered
 ...............................). The Customer also acknowledges that this
agreement comprises all the terms currently applicable to the loan and that no
representation, warranty or undertaking has been made by the Bank in connection
with the loan which is not set out in this agreement and, in deciding to enter
into this agreement and to proceed with any transaction or project for which the
loan has been sought, has not received or relied upon any advice given by the
Bank.

<TABLE>
<CAPTION>
Signed for and on behalf of the Customer             Signed for and on behalf of the Bank by

<S>                                                  <C>
D. W. Foden (name)

/s/ D. W. Foden (signature)                          /s/ Unknown Name
---------------                                      ----------------
Director                                             Manager

and by

G. L. Foden (name)

/s/ G. L. Foden (signature)                          Date March 11, 1999
---------------
Secretary

Date
</TABLE>

                                      -14-

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