Document:

Private & Confidential

                            Dated: February 23, 2005

                              ITS Networks Inc. (1)

                                       And

                        Geeris Holding Nederland B.V. (2)

                              --------------------
                              Bridge Loan Agreement

                         English Version under Dutch Law

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

<PAGE>

THIS AGREEMENT is dated February 23, 2005 and is made BETWEEN:

      (1)   ITS Networks Inc., incorporated under the laws of Florida, United
            States of America, having its registered office at 1200 South Pine
            Island Road, Plantation, Florida 33324 (hereinafter "ITSN") and
            represented in this act by Gustavo Gomez, President of the Company
            and with contact address C/ Severo Ochoa 28, 9'th floor, Marbella,
            29600 Malaga, Spain;

      (2)   Geeris Holding Nederland B.V., incorporated under the laws of
            Holland, and having registered offices at Helvoirtseweg 146, Postbus
            317, 5260 AH, Vught, The Netherlands, (hereinafter "GEERIS") and
            represented in this act by Mr. Leonardus R. M. Geeris of age,
            married, of Dutch nationality with passport number N70986464 and
            domiciled at Zandpad 29, 3601 NA Maarsen, The Netherlands

WHEREAS

            a)    ITSN is in an expansion phase for which it needs approximately
                  3 million euros

            b)    The Parties have reached an agreement to help provide a bridge
                  loan until the necessary funds arrive to fund the expansion of
                  ITSN.

            c)    Such Bridge financing is the subject of this agreement and
                  will be effected through GEERIS lending to the Company in the
                  form of a short term bridge loan for an amount of EUR 100,000
                  on the terms as set out herein;

NOW IT IS HEREBY AGREED as follows:

      1. Conditions of Cash Injection

On the date hereof, the parties will enter into the Bridge Loan Agreement based
upon which GEERIS will provide a cash injection of EUR 100,000 on February 25,
2005 directly to the Company's Spanish Bank Account in Madrid for which GEERIS
will receive 1,000,000 shares:

Benificiary: ITS Networks Inc.
Bank name: BBVA Empresas
       C/ Serrano 32, Madrid
        28001 Madrid Spain
       Tel: 0034 91 432 0255
Contact at BBVA: David Perez Martin

SWIFT: BBVAESMMXXX
IBAN: ES02 0182 5516 04 0291502673

This bridge loan is provided until June 30th, 2005 at which time should GEERIS
wish to receive its funds but ITSN cannot pay back this amount, ITSN will
provide compensation to GEERIS of an additional 1,000,000 shares on top of the
1,000,000 which it will have received at the time of providing the funds. ITSN
will still owe GEERIS the sum of 100,000 euros which will be paid back as soon
as possible thereafter.

<PAGE>

      2. ITS Networks Common Shares

Immediately upon transferring the funds, GEERIS will receive 1,000,000 shares of
ITSN as compensation for providing the 100,000 bridge loan.

      3. Confidentiality

Each of the Parties or any of its directors or officers shall not divulge or
communicate to any person or persons, except to those of the officials of ITSN
whose province it is to know the same, any secret or confidential information
which it may receive or obtain in relation to the affairs of ITSN and shall not
use for its own purposes nor for any purposes other than those of ITSN any
information or knowledge of a confidential nature which it may from time to time
acquire in relation to ITSN.

      4. Termination

This Agreement shall be subject to termination by either party by summary notice
in writing if the other party shall have committed any serious breach or
continued (after warning) any material breach of its obligations hereunder.
Termination of this Agreement shall be without prejudice to any rights which
have accrued at the time of termination (all of which shall remain in full force
and effect.)

      5. Notices

Any notice required to be given hereunder shall be deemed duly served if sent by
registered or recorded delivery post to the registered office of ITSN in Spain;

           c/o Teleconnect, Inc. Parque Techologico de Andalucia (PTA)
       Edif. Estepona. Malaga Business Park 2, C/Severo Ochoa 1 16-20, 1a
                           Campanillas, Malaga, 28590

or to the addresses of the affected parties listed on the first page of this
agreement. Any such notice shall be deemed to be served at the time when the
same is left at the address of the party to be served and if served by post on
the day (not being a Sunday or public holiday) next following the day of
posting.

      6. Choice of law, submission to jurisdiction

This Agreement shall be governed by and interpreted in accordance with the laws
of Holland. The parties hereby submit to the exclusive jurisdiction of the
courts of Amsterdam, The Netherlands.

IN WITNESS whereof this Agreement has been executed today, February 23, 2005

/s/ Gustavo Gomez                               /s/ Mr. Leo Geeris
-----------------------------------             --------------------------------
Gustavo Gomez                                   Mr. Leo Geeris
(for and on behalf of ITS Networks, Inc.)       (for and on behalf of Geeris
                                                Holding Nederland B.V.)

                                        2THIS NOTE HAS NOT BEEN REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
OR THE  SECURITIES  LAWS  OF ANY  STATE  AND MAY NOT BE  SOLD,  TRANSFERRED,  OR
OTHERWISE  DISPOSED OF EXCEPT  PURSUANT TO AN EFFECTIVE  REGISTRATION  STATEMENT
UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN APPLICABLE
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT AND SUCH LAWS.

                                 PROMISSORY NOTE

Danbury, Connecticut                                   Original Principal Amount
January 10, 2005                                                     $250,000.00

FOR VALUE  RECEIVED,  Barry W.  Cummins of  (address  intentionally  omitted for
quarterly  report)  ("Borrower")  promises to pay to the order of TASKER CAPITAL
CORP.,  a  Nevada   corporation   ("Tasker"),   the  principal   amount  of  two
hundred-fifty  thousand dollars (US $250,000.00) (such amount, the "Principal"),
and any and all other sums which may be owing to Tasker by  Borrower  under this
Promissory Note (this "Note"),  in the manner set forth in Section 3, subject to
acceleration  and/or  extension  as herein  provided.  The  following  terms and
conditions shall apply to this Note:

      1. Interest Rate. Interest shall accrue on the unpaid principal balance of
this  Note at a rate  equal to zero  (the  "Interest  Rate")  percent  per annum
[compounded  semi-annually  in arrears on the first  business day of each fiscal
half-year]  until July 9, 2005 after which the interest  rate shall become seven
percent (7 %).  Interest  shall be  calculated  on the basis of a three  hundred
sixty day year and the actual number of days elapsed. Subject to applicable law,
any past due payment of interest of  principal  hereunder  shall bear  interest,
from the date such  amount  was due until  properly  paid,  payable on demand in
immediately available funds, at a rate equal to the sum of (a) the Interest Rate
plus (b) four  percent  (4%) per  annum.  In the event  that any  interest  rate
provided for herein shall be determined to be unlawful, such interest rate shall
be computed at the highest  rate  permitted  by  applicable  law. Any payment by
Borrower  of any  interest  amount in excess of that  permitted  by law shall be
considered a mistake,  with the excess being  applied to the  Principal  without
prepayment premium or penalty.

      2. Term.  The term of this Note shall be for a period  extending  from the
date of this Note to January 9, 2006 (the last  mentioned  date,  the  "Maturity
Date"), subject to acceleration and/or extension as herein set forth.

      3.  Repayment.  Borrower  shall  repay the  Principal  of this Note in one
installment of two  hundred-fifty  thousand dollars (US  $250,000.00),  together
with the interest that has accrued thereon,  on the Maturity Date, at which time
all sums due on this Note  shall be paid in full,  to the  extent  such sums are
still due and owing.

      4. Application of Payments.  All payments made pursuant to this Note shall
be applied first to accrued interest and then to the Principal.

      5.  Prepayment.  Borrower  may prepay this Note in whole or in part at any
time or from time to time without penalty.

      6.  Manner and Method of  Payment.  All  payments  called for in this Note
shall be made in lawful tender of the United States of America.

      7.  Acceleration  Events.  The  occurrence of one or more of the following
events shall constitute an acceleration event (an "Acceleration Event"):

<PAGE>

            (a)   The entry of a decree or order  for  relief by a court  having
                  jurisdiction  against  or  with  respect  to  Borrower  in  an
                  involuntary  case  under the  federal  bankruptcy  laws or any
                  state  insolvency or similar laws,  ordering the  liquidation,
                  reorganization  or the  appointment of a receiver,  trustee or
                  custodian;

            (b)   The  commencement  by Borrower  of a voluntary  case under the
                  federal  bankruptcy  laws  or any  state  insolvency  laws  or
                  similar laws, the consent by Borrower of the  appointment of a
                  receiver or the making by Borrower  of an  assignment  for the
                  benefit of creditors;

            (c)   The acceleration by any senior lender of Borrower from time to
                  time  (the  "Senior  Lender")  of any  indebtedness  due  from
                  Borrower to the Senior Lender; or

            (d)   A  change  of  control  of  Borrower  or  a  sale  of  all  or
                  substantially all of the business or assets of Borrower.

      8. Acceleration.  Upon the occurrence of an Acceleration Event, Tasker may
declare the Principal immediately due and payable.

      9.  Extensions  of Maturity.  Borrower  hereby agrees that the maturity of
this Note,  or any  payment due  hereunder,  may be extended at any time or from
time to time by Tasker without releasing, discharging or affecting the liability
of Borrower hereunder.

      10. Choice of Law. This Note shall be governed,  construed and enforced in
accordance with the laws of the State of Connecticut,  exclusive of its conflict
of laws provisions.

      11. Binding  Nature.  This Note shall be binding and  enforceable  against
Borrower and Borrower's permitted  successors and assigns.  This Note may not be
assigned by Borrower without the prior written consent of Tasker.

      12.  Severability.  If any one or more of the provisions contained herein,
or the  application  thereof in any  circumstance,  is held invalid,  illegal or
unenforceable  in any  respect  for  any  reason,  the  validity,  legality  and
enforceability of any such provision in every other respect and of the remaining
provisions  hereof shall not be in any way impaired,  unless the provisions held
invalid, illegal or unenforceable shall substantially impair the benefits of the
remaining provisions hereof.

      IN WITNESS  WHEREOF,  Borrower has executed this Note on the date and year
first above written.

                                             -----------------------------------
                                             By:   Barry W. Cummins

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