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                                                                   EXHIBIT 10(e)

                   CONTRACT OF DISTRIBUTION FOR TELECOR DE
                    UNEARNED TELETARJETAS DE GATHERED ITS

Of a part, D. Frederic Cohen, bigger than age, of French nationality, with
residence card ny X-2095069-AND, neighbor of Marbella, acting in name and
representation of ITS, S.L. (from now on ITS), C.I.F.: B-29707585, with home
in Severe Street Ochoa 28, Edif. Marina Marbella, 3a, 29600 Marbella
(Malaga), in their condition of unique Administrator, as it credits by means
of writing of power granted before the Notary of Marbella, D. Brown Maunicio
Morales, in date December of 2000, 22 with the I number 5914 of their
protocol.

Of another part, D. Jose Eduardo Urquiza Fernandez, bigger than age, neighbor
from Madrid, with D.N.I. 51.579.215, acting in name and representation of
Telecor CORP. (from now on The DISTRIBUTOR), cif a/80028731, with home in
Madrid, c / Hermosilla 112, in their quality of Managing Manager,
representation that credits with the seizure writing granted before the
Notary from Madrid D. Luis Colonel of Palm the day February of 1995, 28 with
the I number 888 of their protocol.

                                 THEY MANIFEST

That ITS emits different types of cards prepago of telephone calls and he/she
wants to put in the market the varieties that you/they appear summed up in
the ANNEX I and in the additional ones that can incorporate but it advances
(from now on THE CARDS), through the DISTRIBUTOR that took charge of guarding
in I deposit and/or to buy the cards to ITS for its later commercialization.

That THE DISTRIBUTOR wants to carry out the necessary efforts in the market
to sell the CARDS, for that which will receive in I deposit and/or he/she
bought them to ITS and it marketed them later on using its own distribution
chain and its Points of Sale, keeping the terms and conditions contained in
this agreement.

For it and in consideration of the mutual promises and agreements here
contents, the parts grant the present contract according to the following
ones:

                                  STIPULATIONS

FIRST - OBJECT OF THE CONTRACT

The present contract is bounded to the distribution and commercialization of
unearned phone cards.  For it, ITS agrees him to be THE DISTRIBUTOR a non
exclusive distributor of cards call prepago in the whole Spanish Territory
and by means of the established conditions presently contract, as well as the
legal dispositions in vigor that you/they are of application.  Nevertheless,
when being an agreement of collaboration, with rights and obligations for
both parts, be rotted to establish modifications in the clauses of the
present contract, as well as to enlarge the object and circumstances that
gave place to the same one.

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These CARDS will be given to the DISTRIBUTOR by ITS, initially in I deposit,
and later on by virtue of you order them of order that he/she carries out,
and rot to be used by the final consumers starting from the moment of
beginning of the operability of the system.

The determination of the CARDS object of the present contract, as well as
their specifications, I. appears in the ANNEX The distribution of CARDS
different to the detailed ones in the ANNEX I it will be object of a new
agreement or Annex.

SECOND - TERRITORY OF DISTRIBUTION

THE DISTRIBUTOR, their agents, subdistribuidores or other distribution
channels, carry out their activity in the whole Spanish Territory, from now
on THE TERRITORY.

THIRD - OBLIGATIONS OF THE DISTRIBUTOR

a) THE DISTRIBUTOR will center its efforts in to promote the sale and to sell
CARDS to clients in the Points of Sale of the TERRITORY that both parts
agree, according to the terms and conditions described contract presently.

b) That prepared in this contract will be fully applicable to the
subdistributors, agents or any other form of distribution of THE DISTRIBUTOR.

c) THE DISTRIBUTOR will remit in writing (included facsimile) or through
e-mail to ITS the orders, specifying the I number of units and the
denomination of the CARDS that he/she wants to buy, as well as the prices to
pay for this order that you/they will be determined in the ANNEX I according
to the type of requested CARDS.

d) Neither the DISTRIBUTOR, neither their subdistributors, agents or anyone
of their distribution channels rots in any case to determine neither to alter
the sale price to the I publish of the CARDS.  THE DISTRIBUTOR will be
responsible for the billing and of the payment, to the corresponding fiscal
authorities, of the taxes that are derived of any operation that he/she
carries out starting from the moment from the setting to disposition of this
CARDS.

e) THE DISTRIBUTOR doesn't rot in any case and under any concept to modify,
to alter or to add any element type, publicity, or logo to the CARDS that are
provided him for its sale, except for agreement among the parts.  This
obligation will become expandable to potential subdistributors, agents and
other distribution channels.

f) THE DISTRIBUTOR will be responsible for all the expenses of publicity and
marketing that he/she carries out self-employed, I save in those that the
name of ITS is mentioned or appear its logo, in which case he/she will have
the expressed consent of ITS.

Nevertheless, the companas of publicity and marketing that carry out the
signatory parts jointly, will be paid according to punctual agreements.

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g) THE DISTRIBUTOR adopted the necessary measures so that its personnel,
agents, subdistributors and how many third integrate its distribution channel
they fulfill the conditions picked up in this document, watching over its
execution and including them expressly in all the agreements that it signs
with the members of the distribution channel.

THE DISTRIBUTOR will be responsible of the possible nonfulfillments of its
distribution channel.

h) Without damage that ITS is the responsible from the service of attention
to the client, nevertheless, THE DISTRIBUTOR collaborated with ITS in the
works of attention of the consultations and its clients' reclamations,
putting in contact to the same ones with the service of attention to the
client of ITS and carrying out the tasks that to this end agree both parts.

i) THE DISTRIBUTOR will assume all the costs associated to the
commercialization of the Card in its Points of Sale.

FOURTH - OBLIGATIONS DE ITS.

a) ITS will carry out all the necessary efforts to fulfill the orders of
CARDS carried out by the DISTRIBUTOR in the time but brief possible and
inside the agreed term.

b) ITS will allow to the users of the CARDS with authorized validation
numbers and activated, to carry out telephone calls.  Each call anger
accumulating the corresponding position based on the prices that he/she has
established ITS.  Once the position of the calls carried out by a CARD has
equaled the value of the same one or have expired, the user doesn't rot to
carry out any call but with the mentioned CARD.

c) The disign of the cards and of the promotional material it will include
the logo or name of the card and the name of ITS.

d) ITS collaborated, in mutual accordance with THE DISTRIBUTOR, in its sale
personnel's formation.

e) ITS took charge of to design and to put in he/she practices all the
functionalities of the card, keeping in mind the situation of the market and
in accordance with THE DISTRIBUTOR.

f) ITS won't be responsible in the event of lost or robbery of sold cards,
for what won't be forced in any case to reimburse the positions consequence
of calls with the CARD that the I authenticate buyer he/she denies to have
carried out.

g) ITS won't have any obligation towards the employees, agents, or any other
distribution channel that the DISTRIBUTOR uses to complete the established
obligations presently contract.

h) ITS will respond of the damages, judicial or extrajudicial reclamations or
you complain that, due to the nonfulfillment of the obligations agreed
contract presently, be caused to the DISTRIBUTOR.

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i) Dice the continuous changes for those that crosses the Spanish sector of
telecommunications in their trajectory toward the full liberalization, if for
legal, administrative or judicial decision it is impossible the execution of
the present contract, the parts will put an end to the same one,
extinguishing to the dates of the mentioned decision the obligations of both
parts and being annulled the pending orders.  In the event of resolution:

        i) THE DISTRIBUTOR paralyzed immediately all distribution activity and
        it will return ITS all the CARDS that he/she had in its power in I
        deposit and/or bought, as soon as it is he possible and as maximum in
        the term of two months.

        ii) ITS, on the other hand, reimbursed to the DISTRIBUTOR the sums that
        this he/she had paid for the returned CARDS, and it paid the final
        users that request it, according to the case, the quantities that had
        not consumed of its CARDS.  The resolution of the contract for the
        previously exposed causes, won't give right to compensation for damages.

        iii) The referred obligations will concern equally to potential agents
        and other channels of distribution of the DISTRIBUTOR, should be
        reflected in writing in all agreement or contract that the firm
        DISTRIBUTOR with the same ones, be already physical or juridical people.

FIFTH - PAY OF THE CARDS.

a) The terms and payment conditions to carry out for THE DISTRIBUTOR are
determined in the ANNEX I that accompanies to this Contract.

b) THE DISTRIBUTOR carried out the payments by means of bank transfer in the
bill that ITS indicates.

c) The billed prices will be increased with the applicable taxes in vigor the
day of the billing.

d) ITS rots to modify the established rates, being necessary for the
beginning of its application a notice carried out with a minimum anteriority
of one month and of mutual agreement among the parts.

SIXTH - CONFIDENTIALITY

a) Each one of the signatory parts of the present agreement will consider
confidential all the relative information to the other parts, their main or
filial societies, of technical, economic, commercial character or of any
other nature including the existence and content of this contract, to which
has access by virtue of the activities or derived obligations of the present
contract, during the time of duration of this agreement and with posteriority
to their termination, until this information arrives to domain being I
publish or, for other reasons, lose its confidential consideration.  Each one
of the parts commits to not revealing this confidential information without
the previous consent and in writing of the affected parts.

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That same obligation will concern to the agents or any distribution channel
that the DISTRIBUTOR uses for the execution of its obligations, and he/she
will be reflected in writing in any agreement type or contract that the firm
DISTRIBUTOR with this people, be already physical or juridical.

b) Each part agrees to only use that confidential information in what is
until or necessary for the execution of the obligations that regulates the
present contract, and it will be restricted people in charge of the execution
of the same ones.

SEVENTH - INTELLECTUAL AND INDUSTRIAL PROPERTY

a) The present contract in any case implies the surrender or license of use
of the distinctive signs, patents or models of utility of ITS in favor of the
DISTRIBUTOR.

b) Any use of the distinctive signs, patents or models of utility of ITS for
parts of the DISTRIBUTOR will have the previous authorization and in writing
of ITS.  Except for pact written in contrary, the DISTRIBUTOR doesn't rot to
use the distinctive signs of ITS or any part of them like part of its own
distinctive signs.

That same obligation will concern to the agents or any other distribution
channel that the DISTRIBUTOR uses for the execution of its obligations, and
he/she will be reflected in writing in any agreement type or contract that
the firm DISTRIBUTOR with this people, be already physical or juridical.

c) All the privileges and rights of use of the distinctive signs of ITS on
the part of the DISTRIBUTOR will conclude with the termination of the present
agreement.

d) nevertheless, those distinctive signs, marks, patents or models of utility
created jointly by both parts, will be property of both and don't rot to be
used unilaterally by none of the parts, without the previous consent and I
express of the other part.

e) The contracting parties recognize their respective rights of intellectual
and industrial property and they guarantee that in any moment they copied
neither they will make use of this property for their own ends neither it
stops ends unaware to the object of this contract.  Each one of them commits
the protection of the rights that shows the other contracting party about its
products and services in a same way that he/she makes it with his to assure
own.  Any use in the mark of the present contractual relationship will
require the previous authorization in writing of the regular contracting
party, making sure the respect of the rights for this acquired ones.

EIGHTH - DURATION AND TERMINATION OF THE CONTRACT.

a) The present contract settles down for the period of a year prorrogable for
successive years for reconduccion, unless it is denounced at least by anyone
of both parts with 60 days of advance of the date of its expiration or of the
successive ones you continue in its case.  The contract entered in vigor in
the date of the signature.

b) in the event of nonfulfillment for one of the contracting parties of that
specified contract

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presently, the other one leaves he/she reserves the right of to suspend the
execution of their contractual obligations and to begin the pertinent legal
actions if you persists in the nonfulfillment, previous communication in
writing and with the due advance in both suppositions.

c) Both parts will be entitled to solve the contract, previous communication
in writing with an advance of fifteen (15) days, if the other part became
insolvent or it was wrapped in crash procedures, suspension of payments, or I
compete of creditors.

NINTH - PENAL CLAUSE.

The resolution of the contract for anyone of the parts to that the other part
carried out any activity contrary to the law, the morals or the good customs
or any other activity anti-ethics that it harms the informer's image will
give place to a consistent compensation in the quantity paid as stocking by
the DISTRIBUTOR to ITS during the last THREE months.

TENTH - IT FORCES BIGGER

None of the parts will respond for the nonfulfillment of their obligations
for causes of more force, among those that will be included to effects merely
enunciative fires, floods, catastrophes, emergencies, insurrections, wars,
acts of terrorism acts of Government, strikes, and employer closings.

ELEVENTH - RESOLUTION OF CONFLICTS.

The parts interveners agree that all litigation, discrepancy, question or
resulting reclamation of the execution or interpretation of the present
contract or related with the, direct or indirectly, they will be solved
definitively for the SERVICE OF ARBITRATION of the Chamber of Commerce of
Madrid, giving up any jurisdiction that can correspond them expressly.

TWELFTH - APPLICABLE LEGISLATION

The present contract will be governed by that settled down in the and,
supletoriamente, for the rest of the effective civil and mercantile
legislation in Spain.

THIRTEENTH - NOTIFICATIONS

The notifications or communications that you/they should carry out the parts
among if they will always be in writing and sent by fax or registered mail
with acknowledgment of receipt to the addresses signal to the beginning of
this contract.

FOURTEENTH - SEVERAL

a) None of the parts rots to give at a third the rights and obligations
established contract presently, without consent of the other one.

b) This contract won't suppose the creation of an association, frank, joint
venture, or any other

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form of commercial relationship among the parts.

c) In the supposition that any clause of this contract is inapplicable, in
its entirety or partly, this irrelevancy didn't affect to the validity of
other clauses of the same one, which will remain with full force and
effectiveness.

d) This contract together with its ANNEXES constitutes the result of the
negotiations carried out among the parts, and it absorbs all those agreements
or previous negotiations that had taken place among the parts, in an oral or
written way, about the object of the present contract.

And to the effect, both parts of mutual agreement, sign the present document
and their ANNEXES, for copy copy, in place and date indicated next

In Madrid, on the 15 of July, 2001

FOR THE DISTRIBUTOR                    FOR ITS J.

  s/ J. Eduardo Urquiza                s/ Frederic Cohen
-------------------------------        -------------------------------
     J. Eduardo Urquiza                   Frederic Cohen

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                                    ANNEX 1

        CARDS ITS:  TYPES, PRICES, DATES OF EXPIRATION AND CONDITIONS

Next the general and economic conditions are specified (prices, rates,
commissions, you forms of delivery, expiration, orders, selections, etc.) for
those that the present contract will be governed:

* Cards en cuatricromia con diseno and logo ITS for consumption National
(calls of Espano to the foreigner and of Spain to Spain).

* The cards surrendered contained in packages of 10 cards, with unit of
having packed and selection in bags of 100 units

* Cards for the Peninsula and Balearic with delivery in Central Telecor

* In Canaries ITS gave the orders directly in each one of the Commercial
Centers.  The cards ITS will be sold with the same PVP that in the peninsula
without including IVA.   These orders were billed Central Telecor, indicating
in the invoice the delivery home

* First order in consignment (I deposit) of 5.000 units:  3.000 of 1.000
Ptas, 2.000 of 2.000 Ptas.

* I subtract according to Orders of Automatic Reinstatement in multiples of
100 units that will be accompanied by invoice, with payment to 90 days F/F

* Term of delivery maximum:  7 days

* The requested cards arrived to disabled Telecor.  Telecor for fax will give
activation order to TIS, communicating the series of cards that you wants is
activades in lots of 100 units (complete batches).  Activation for ITS in 24
hours gives working days with confirmation for fax to Telecor

* Date of expiration:  9 months from the first use of the card

* The card of 1.000 Pts the purchase Telecor to 517 Ptas but imposed
indrectos.  The card of 2.000 Ptas the purchase Telecor to 1.034 Ptas but
taxes

* Exporitores and Publicity with position to ITS

* ITS sends to the sale Points directly the material PLV that remembers

* Tariffication in minutes * Telecor will receive 50% of the not consumed
amounts of each card from the moment that expires.  IST informed monthly and
individually of those cards that have expired in the I finish month with
balance different from zero

* The rates to splicar to the calls of the users will be the effective ones
and published in each moment

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In Madrid at 15 of Julio 2001

FOR THE DISTRIBUTOR                    FOR ITS

  s/ J. Eduardo Urquiza                s/ Frederic Cohen
-------------------------------        -------------------------------
     J. Eduardo Urquiza                   Frederic Cohen<Page>

                                                                   EXHIBIT 10(f)

                   CONTRACT OF BENEFIT OF SERVICES GATHERED
                                  SWITCHLESS

Of a part, the Company ITS Europe S.L., society of Spanish nationality, with
CIF: B29707585, with home in Marbella, Avda. Severe Ochoa, 28 Edf. Marina
Marbella 3(0) TO, constituted in authorized writing the day January of 1995,
23 before the Notary of Marbella Mrs. Amelia Bergillos Moreton, inscribed in
the Mercantile Registration of Malaga, to the volume 1639, I foliate 29, leaf
n(0) MA-19713, inscription 1(a), represented by D. Frederic Cohen, with D.N.I.
n(0) X-2095069-AND, in your quality of unique Administrator, with enough
powers to carry out this act as you consists in the writing of power granted
before the Notary of Marbella Don Brown Mauricio, the day December of 2000, 22
with the number 5914 of your protocol, inscribed in the Mercantile
Registration of Malaga, to the volume 1639, I foliate 33, leaf n(0) MA-19713,
inscription 5(a).

from now on called "ITS Europe",

and of other, LINCE Telecommunications CORP., society of Spanish nationality,
with CIF: To-82009812, with home in Madrid, street Jose Ortega and Gasset,
100, constituted in authorized writing the day May of 1998, 13 before the
Notary from Madrid Don Jose Maria Rock and Bernaldo of Quiros, society
inscribed in the Mercantile Registration of Madrid, to the volume 13.183, I
foliate 129, Leaf n(0) M-213468, inscription 1(a), represented by Don Vincent
Lobry, residence card and N.I.E. n(0) X-2601942-K, in your quality of
Executive Director of Marketing and Sales, with enough powers to carry out
this act as you consists in the writing of power granted before the Notary
from Madrid Don Antonio Vegetable garden Trolez, the day April of 1.999, 19
with the number 999 of your protocol., inscribed in the Mercantile
Registration of Madrid, to the volume 13.925, I foliate 177, leaf M-213468,
inscription 16,

from now on called LINCE.

                                 THEY EXPOSE

1.       That LINCE is a Society dedicated to the benefit of services of
Telecommunications, and in particular it is regular of a license for the
benefit of the service of Basic Telephony that operates in the whole national
territory under the mark Uni2.

2.       That ITS Europe is interested and qualified to carry out in an
effective way the benefit of Services of Telecommunications through the phone
net of LINCE.

3.       That both you leave they declare and they recognize to have the
necessary legal capacity for the grant of the present contract of benefit of
services and they show your conformity of subscribing him with subjection to
the following articles:

ARTICLE 1.  DOCUMENTS CONTRACTUAL 2
ARTICLE 2.  DEFINITIONS 3

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ARTICLE 3.. I OBJECT 4
ARTICLE 4.. CONDITION OF YOU SIGNS OF THE CONTRACT 4
ARTICLE 5.. NO-EXCLUSIVITY OF LINCE 4
ARTICLE 6.. OBLIGATIONS OF THE PST:  4
ARTICLE 7.  OBLIGATIONS OF LINCE 5
ARTICLE 8 - NO-PUBLICITY OF THE NAMES AND MARKS OF LINCE 6
ARTICLE 9.. CONFIDENTIALITY 7
ARTICLE 10.. VALIDITY 8
ARTICLE 11.  I PRICE OF THE SERVICE 8
ARTICLE 12.  BILLING / PAYMENTS 8
ARTICULATE 13. ADMINISTRATION OF A CLI 9
ARTICLE 14.. PREASIGNACION.  11
ARTICLE 15.  MODIFICATIONS FOR PART OF LINCE OF THE CONDITIONS OF
      PROVISION OF SERVICES 12
ARTICLE 16.  SURRENDER OF THE CONTRACT 12
ARTICLE 17. GUARANTEE BANK 13
ARTICLE 18.. RESOLUTION 13
ARTICLE 19.  DIVISIBILITY OF THE CLAUSES 13
ARTICLE 20.. JURISDICTION AND JURISDICTION 14
ARTICLE 21.. RIGHT APPLICABLE 14
ARTICLE 22.. ENTIRETY 14

ANNEX 1. CONDITION YOU SPECIFY OF SALE OF I TRAFFIC BIGGER FOR THE
SERVICE SWITCHLESS

ANNEX 2. APPLICABLE DISCOUNTS AND MINIMA OF BILLING

ANNEX 3. CONDITION you SPECIFY OF SALE OF I TRAFFIC bigger FOR THE SERVICE
OF COLLECTION TO INCLINATION OF THE PREFIXES 900

ANNEX 4. CONDITION you SPECIFY OF SALE OF I TRAFFIC bigger FOR THE SERVICE
OF COLLECTION TO INCLINATION OF THE PREFIXES 901

ANNEX 5. CONDITION you SPECIFY OF SALE OF I TRAFFIC bigger FOR THE SERVICE
OF COLLECTION TO INCLINATION OF THE PREFIXES 902

ANNEX 6. APPLICATION OF HIGH IN CONTRACT OF SALE OF MORE TRAFFIC.

ARTICLE 1. CONTRACTUAL DOCUMENTS

The present Contract is compound for the following documents:

      - The present general conditions of sale of more traffic,
      - The annexes.

In the event of contradiction, divergence or non agreement among the enumerated
contractual

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documents, the annexes will prevail with the applicable particular conditions to
the present Contract.

ARTICLE 2. DEFINITIONS

2.1. THE SUPPLIER OF SERVICES OF TELECOMMUNICATIONS (PST).

You refers to ITS Europe that intervenes in beneficiary's of this contract
quality.

2.2. THE CLIENT.

You refers to a client of the PST that uses the net of LINCE.

2.3. SERVICES.

You refers to the provided benefits according to the conditions that are
specified Contract presently.

2.4. BENEFIT, PROVISION OR SUPPLY OF SERVICES OF TELECOMMUNICATIONS.

You refers to the commercial activity of the PST, consistent in the benefit of
Services of Telecommunications through the phone net of LINCE.

2.5. CLI. (CALLING LINE IDENTIFICATION).

Identification of Line of Call. Two types of CLI exist:

      - The CLI Singular. that you identifies an extension of the public net of
        telephone, and

      - The CLI of line head. that a PBX identifies (switchboard) in the public
        net of telephone.

A CLI will be active if you is activated in the net of LINCE to give a
telecommunication service.

2.6. CDR. (CALL RECORDS DATES)

Registrations of Data of Call.

2.7. THE SIC

 System of Commercial Information of LINCE.

2.8. BILL OF BILLING

You refers to the bill from the PST to which the due benefits of conformity are
billed with the present Contract that will gather in oneself invoice the
benefits of all the CLI of the Clients of the PST activated in the net of LINCE.

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ARTICLE 3.. OBJECT

This Contract has for object the definition of the conditions according to those
which LINCE, through the benefit of the services of telecommunications and,
concretely, the sale of more traffic, offers to the PST for the use of your
Clients some preferable price conditions for the categories of phone
communications that are defined in the enclosed corresponding Annex to the
present document that is integral and inseparable part of the same one.

If there was not another agreement I specify, the prices will be applied from
the Commercial offer of LINCE to the clients companies and independent
professionals for the indirect service.

ARTICLE 4.. CONDITION OF YOU SIGNS OF THE CONTRACT

4.1. the PST declares to have the opportune legal, administrative authorizations
and of any necessary order for the correct exercise of the activity of benefit
of services of telecommunications to your clients.

The PST will be able to sell the Service exclusively to people and companies
that have foreseen to cover your telecommunication necessities, not being able
to the PST, under any concept, to resell the Service to company some that in
turn has foreseen to market the Service among final users.

4.2. the conditions of prices agreed Contract presently won't be been able to
add to other reductions of prices or promotional offers.

ARTICLE 5.. NO-EXCLUSIVITY OF LINCE

LINCE will lend the service to the PST with non exclusive character, being
reserved the right of carrying out the commercialization of the traffic, either
direct or indirectly, for any other commercialization net that you chooses.

ARTICLE 6.. OBLIGATIONS OF THE PST:

6.1. the PST declares:

      - to Exercise supplier's of phone services commercial activity to your
        clients.
      - to Have a commercial organization.
      - to Have a service of attention to the client (administration of all the
            consultations and reclamations, of technical nature and of billing:
            activation, emergency telephone, attendance to the client, etc.).
      - to Have a system of your clients' billing that allows the treatment of
            the CDR of LINCE.

6.2. the PST won't be able to facilitate your Clients or potential Clients the
telephone number from the Service of attention to the client. of LINCE.

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6.3. the PST will follow the certain procedure with LINCE and foreseen in the
Article 13 for the activation and the deactivation of the CLI of your Clients.

6.4. the PST commits to use the offer of the present I only Hire in the mark of
your commercial activity. This point excludes your own necessities of
telecommunications expressly.

6.5. the PST commits to pay to LINCE the amounts corresponding to the I traffic
of the CLI of your clients activated in the net of LINCE.

6.6. the PST commits to notify to LINCE with at least a month of advance to the
date of the setting in wanted operation, the information related with any
possible evolution of your Service. In that case, after the analysis of the
evolutions of your Service, LINCE will have fifteen natural days to communicate
the conditions you would tariff that you proposes for this new Service.

6.7. the PST commits to reprogram, should the need arise, the phone team of your
clients installing new phone team in the facilities of your clients with the
purpose of to make possible that these use the Service.

6.8. the PST assumes all the responsibilities of execution of your obligations
directly toward the users of these services, or of third of conformity with the
applicable legislation.

6.9. the PST acts on your behalf, for your bill and under your only
responsibility in your relationships with the users of your services or with
third people, be these physics or juridical. Therefore, at all it cannot commit
the responsibility of LINCE due to your commercial exploitation or your civil or
commercial responsibility. The PST commits to treat any received reclamation
directly and to protect LINCE against any reclamation, resource or action, be
which is your nature.

6.10. the PST commits to complete the legislation and other normative of
applicable Spanish development to the borrowed service, and you will be in any
event responsible for this execution on the part of your own Clients in the
measure in that this regulation is you applicable.

6.11. the PST commits expressly to inform LINCE in way fehaciente, of any
modification of the structure of your social capital or shareholders in the
maximum term of one week since the mentioned modification takes place.

ARTICLE 7. OBLIGATIONS OF LINCE

LINCE commits to put into operation all the necessary means for the regular
office of the phone traffic specified in the corresponding Annex, and you will
guarantee the PST a quality of equivalent service to that of your commuted net
and the opportune transmission of the CDR.

Nevertheless, LINCE won't be responsible for the shortcomings caused by facts
unaware to your will, and in short: - By reason of more force, for the
shortcomings caused by third, and especially for blame, deceit or negligence on
the part of the PST with relationship to the conditions in general and
technical specifications of access to the service in particular defined
presently contract.

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LINCE doesn't become responsible for the content of the informations transmitted
during the encaminamiento of the traffic, and you is it to the title that fuere.
LINCE won't be responsible in any case of the information transmitted through
the net used by the PST for the users of your services. The PST gives up
explicitly through the signature of the present Contract all your reclamation
rights against LINCE in connection with any damage caused in or for any
information, electronic file, database or any other element related with the
above-mentioned.

The compensations that LINCE should carry out the PST in the event of failure of
the provoked service by reason of LINCE, will correspond to the direct damages
and certain ligatures to the failure in question, with expressed exclusion of
the damages for indirect damages, and especially the losses corresponding to the
volume of business, the commercial and moral damages, as well as with exclusion
of any compensation foreseen by a contract that relates the PST with your own
Clients. In the case of the indirect damages, the PST, for if or by means of
your insurers, you gives up expressly to present any reclamation, except in the
case of unquestionable deceit on the part of LINCE.

You won't be considered to LINCE responsible for the conformity and adaptation
to the applicable legislation of the material provided by the PST.

LINCE commits to put to disposition of the PST those evolutions and technical
improvements of your Net as they go taking place.

LINCE commits to activate and to disable the CLI of the clients of the PST.

LINCE commits to put to disposition of the PST, the registrations of data of
calls (CDR) of the CLI of the Clients of this last, lapsed two working days from
the date of the communications. You will surrender the information of the whole
traffic studied during one day.

LINCE puts under an obligation also to conserve the files mentioned during a
period of 12 months (twelve months).

LINCE puts under an obligation to that the transmitted data (CDR) they contain
as minimum: the CLI, the number of complete destination of the call, the
duration of the call in seconds, and the date and the hour of beginning of the
call.

ARTICLE 8 - NO-PUBLICITY OF THE NAMES AND MARKS OF LINCE

For agreement express among the parts, the PST commits expressly to not using, I
lower you forms some, the name of LINCE TELECOMUNICACIONES,S.A., "LINCE" or the
mark. Uni2. in the mark of your activity of benefit of services of
telecommunications, especially with ends of promotion of your own products, and
you commits expressly to not making reference to this names in way some.

Any infraction on the part of the PST of this obligation will bear the
rescission of the present contract under the conditions foreseen in the article
18, going into effect this rescission

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immediately from your notification for certified letter with acknowledgement
of receipt, on the part of LINCE, without damage of the damages and damages
that this entity can claim.

As exception to this principle, you remembers that the PST can explain to your
Clients and potential Clients that your offer is based on a technical solution
given by LINCE for the calls foreseen in the corresponding Annex verbally.

The use prohibition of those mentioned names will last a natural year with
posteriority to the rescission of the present contract and they are it which are
the reasons of this rescission.

If the PST, direct or indirectly, infringes this obligation of no-publicity,
LINCE will be able to claim the PST the amount of 10.000.000 pesetas (ten
million pesetas), to title of penal clause. This penalization won't suppress the
demand of the pertinent quantities as repair of the caused damages.

ARTICLE 9.. CONFIDENTIALITY

All the technical or commercial data that are exchanged among the parts are
confidential and they won't be able to be disclosed without the previous
expressed authorization and in writing of the part that provides them.

The parts commit to communicate these data exclusively to people that need to
know them for the good execution of the present Contract. In the mark of this
communication, the parts should inform this people of the confidential character
of the data and to obtain of them the commitment of respecting the
confidentiality.

The parts guarantee the good execution of the obligation of confidentiality on
the part of your employees and your eventual subcontractors.

This obligation of confidentiality understands, in a non exhaustive way, the
relative presentation documents to the products and services of LINCE or Uni2,
all the documents and previous data to the signature of the present Contract,
the present Contract and all your annexes and appendixes, correspondence and
exchanges of documents that have given place to the present Contract and your
later appendixes.

This obligation of confidentiality will be applicable during a two year-old
period from the extinction of the present Contract, be which fuere your cause.

In the event of not being respected these dispositions by one of the parts, the
other part will have the ability to cancel the present Contract under the
conditions foreseen in the Article 18.

The present disposition won't be from application to the data that are of
public domain in the moment of your communication or those that are later on
from public domain to your communication, provided, in this last case, didn't
leave as consequence of an infraction of the obligation of confidentiality for
the part receptora of the information.

ARTICLE 10.. VALIDITY

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As much the present Contract as the specific conditions that figure in the
Annexes as integral and inseparable part of the same one, will go into effect in
the date of the signature of the same one for the parts.

The validity of the present Contract will be from one year to count from the
setting to disposition of the Service, except if the parts agree to subscribe a
new Contract before the term of this period of one year.

At the end of this period, the present Contract will be continued tacitly by new
successive periods of one year. In case the PST or LINCE doesn't want to
continue the present Contract, the part that you wants to solve the Contract
will notify to the other part your intention for certified letter with
acknowledgement of receipt with a minimum advance of three months regarding your
expiration or to the one of anyone of your extensions.

To the finalization of this contract, LINCE puts under an obligation to disable
all the CLI of the clients of the PST that are active in the net of LINCE,
proceeding to it, as maximum, in the moment in that this finalization is
effective.

ARTICLE 11. I PRICE OF THE SERVICE

The effective price of the service lent by LINCE to the day of the signature of
the present contract, is the one that figures in the corresponding Annex.

Nevertheless the above-mentioned, the prices will be able to be modified by
LINCE under the conditions foreseen in the Article 15 of the present Contract.

The price of the service includes:

      - The access price to the service,
      - The price of the communications.

With object of speeding up the procedure of communication of new relative prices
to the present Contract, these they will communicate by mail to the PST
electronic and/or for fax indicating the entrance date in vigor of the same
ones, owing the PST to communicate to LINCE, in your case, the non acceptance of
the new prices for fax and electronic mail simultaneously (or for any other
means that allows to have perseverance of the shipment of the communication of
non acceptance and of the reception of the same one). If in the term of 5
working days from the reception of the new prices for the PST, LINCE had not
obtained answer of the same one, you will understand each other that you agrees
with the new prices and these they will be considered accepted.

The new prices that LINCE puts in knowledge of the PST and that they have not
been rejected by the same one, they will incorporate to the Contract of Benefit
of Services being integral part of the same one.

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ARTICLE 12. BILLING/PAYMENTS

12.1. LINCE will bill the borrowed Service monthly to the PST.

12.2. the amounts billed with arrangement to the present Contract will be
yielded in the date of emission of the invoices denominated invoice" "date and
payable in a maximum term of 30 natural days (thirty days) from this date.

The payments will be made in the address and in the bank bill indicated in the
invoice.

12.3. the parts declare to know that during the validity of this Contract the
peseta can be substituted by the euro like currency only European of legal
course in Spain, and that, in that case, the present Contract won't suffer any
alteration or modification for effect of the introduction of the unique
currency.

The quantities of pesetas to that you refers this Contract will be substituted
in an automatic way by the quantities corresponding of Eurus, calculated to the
conversion type that settles down in the norms that are dictated to such an
effect.

12.4. in the event of delay of the payment of an invoice a penalization will be
applied concerted late per day from the date payment limit defined previously.
This penalization will be calculated by means of the addition of two percentage
points to the type of interest of the Market Interbancario of Madrid (MIBOR) or
the one that substitutes you, published by the Bank of Spain, effective in the
month in the one that the delay is applied. The penalization is effective from
the first day late.

In case the delay of the payment is prolonged during more than one week, LINCE
will be entitled to suspend the benefit of the Services, without LINCE is or you
can be considered responsible for the direct consequences or derived
insinuations of the suspension of this Service.

12.5. LINCE will provide the PST the elements of information that constitute a
voucher of the consumption.

12.6. any reclamation, to be acceptable, you will be transmitted to LINCE by
certified letter with acknowledgement of receipt in a maximum term of 30 days
(thirty days) to count from the invoice date. The reclamation will indicate
LINCE the reach, the nature and the reasons of your objection. Of not taking
place objection in the suitable term, you will understand each other that the
PST accepts the quantities and the billed quantities.

The reclamation doesn't exempt the PST of paying, in the foreseen terms, the
amounts corresponding to the billed quantities.

In particular, nevertheless any action of reclamation of responsibility against
LINCE or the PST based on the reclamation of one of the Parts or of a third
part, the PST will continue being responsible in front of LINCE of the amounts
corresponding to the communications that go by an activated CLI.

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In the event of rejection of the reclamation, LINCE will facilitate a motivated
answer that you includes all the pertinent vouchers.

In the event of acceptance of the reclamation, LINCE will carry out a
compensation of the corresponding quantity in la/s factura/s siguiente/s.

I ARTICULATE 13. ADMINISTRATION OF A CLI

The Clients of the PST will be activated and disabled in the SIC of LINCE.

You won't be possible a temporary closing of the Service. You will only be
possible an activacion/desactivacion.

The PST guarantees to LINCE that each one of the CLI activated to his petition
in the net of LINCE will be based on a written contract signed between the
regular Client of the CLI and the PST.

The procedures of communication LINCE of the relative information to the
administration of the clients of the PST (activation and deactivation) they will
be executed in function of the data that the PST facilitates by means of the
electronic mail or of any other means with the consent of the parts.

LINCE commits to activar/desactivar a CLI in the date requested by the PST
provided the petition is carried out with a minimum advance of two working days.
For that reason, I/you was considered petition date, that of the acknowledgement
of receipt of all the data that you/they are needed on the part of LINCE.

The PST will continue being responsible in front of LINCE of the amounts
corresponding to the calls transmitted by your Client from the activation until
this Client's effective deactivation on the part of LINCE.

LINCE will be legitimated to request to a third part that you carries out
independent audits with the purpose of checking that the declared CLI belongs to
real Clients of the PST.

13.1. ACTIVACION/DECLARACION OF A CLI

With the purpose of to open the Service and to allow to LINCE, on one hand, to
link a CLI with a PST and, for other, to identify the CLI when the corresponding
Client carries out calls, as well as to effects of billing, the PST will proceed
to give to LINCE the data of the CLI of each Client according to the detailed
declaration rules in the Clause 13.3 so that you introduces them in the SIC.

You will proceed then to the activation of the CLI in the net, being able to
starting from that moment the Client of the PST to carry out the calls foreseen
in the Annex corresponding of the present Contract.

Oneself CLI, won't be able to be declared simultaneously by two PST, neither for
a PST and any

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other channel of distribution of LINCE.

If a PST requests to already activate a line declared active with another PST or
channel of distribution of LINCE, then:

      The PST will have signed with the Client the corresponding contract that
      authorizes you to act as your supplier of services of telecommunications,
      and in particular he/she will have the authorization written to carry out
      on behalf of the Client all the necessary actions to lend you this
      services of telecommunications including the desactivacionde the Client's
      CLIs that are already activated in the net of LINCE through another
      channel (another PST or any other commercial channel of LINCE).

      The PST will put this authorization to disposition of LINCE in the same
      moment to carry out the petition of activation of the CLI.

      The petition of high of a CLI on the part of a PST, considering the
      above-mentioned, you will authorize LINCE to proceed to this discharge,
      and if I/you went necessary to disable the active line in that moment in
      the net of LINCE through another channel (another PST or any other
      commercial channel of LINCE).

13.2. DEACTIVATION OF A CLI

In case the PST has a certain knowledge that his Client has stopped to use the
net of LINCE, you will have the obligation of requesting the deactivation of all
the activated CLI belonging to this Client.

In case you is considered that a physical person or company have stopped to
study traffic in the net of LINCE, the PST agrees to request the deactivation of
the corresponding CLI inside a term of 3 days (three days) working since the
ceasing took place, I save in the event of more force.

Every month, LINCE will study the list of the CLI that you/they have not carried
out calls during the last two months, being reserved the right of requesting to
a third independent part that carries out an audit in connection with the
mentioned CLI. If this audit demonstrates that a CLI belongs to a physical
person or a company that you is considered that they have stopped to traffic in
the net of LINCE, this last one will have the possibility to disable this CLI.

13.3. RULES OF DECLARATION OF A CLI

In case the Client uses a digital PBX, the PST you will declare the whole list
of individual CLI or only the. head of PBX. according to the configuration of
the final user's PBX: if the PBX transports each individual CLI and not always
the. head of PBX., the PST will declare to LINCE all the CLI, if not, you will
declare the exclusively. head of PBX..

ARTICLE 14. PREASIGNACION.

14.1. the PST will be able to request the preasignacion to all your clients'
LINCE (subscribers)

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that have granted you an expressed authorization and in writing to such
effects. This applications of preasignacion, properly executed, will be given
to the agent of the PST in LINCE, attaching to each application copies of the
authorization from the subscriber to the PST so that you acts on your behalf
to preasignacion effects.

14.2. the PST commits to have the subscriber's original authorization
authorizing you so that, on your behalf, designate the operator beneficiary that
will study all the calls preseleccionables, request the operator preselection
for the phone lines of the access operator that the subscriber indicates you and
make all the complementary performances that are required with this end, as well
as to transfer your personal data to the operators that intervene in the
preasignacion process, without damage of that prepared in the Organic Law
15/1999 of December 13, of Protection of Data of Personal Character and
development Regulations, and everything it in execution of the Circular one of
the CMT has more than enough preselection and any resolution that you emits in
this respect the CMT.

14.3. the PST will give to LINCE happiness original authorization whenever I/you
was required this way by LINCE in the maximum term of five (5) working days from
your petition. In the event of nonfulfillment of this obligation, so that LINCE
accepts an application of preasignacion of this PST, the PST you will be forced
to always attach, to the application of properly executed preasignacion, the
original authorization of the subscriber to the PST so that you acts on your
behalf to effects of preasignacion application.

14.4. LINCE won't accept any preasignacion application for CLI that have not
been previously given of high in the net of LINCE for the PST. To proceed to
give of low to a CLI preasignada with LINCE, this CLI will have been previously
preasignada with another operator, annulling the preasignacion with LINCE.

14.5. the terms of activation of the preasignacion service will be the legally
established ones without in any case LINCE it becomes responsible for the
possible delays in that can incur the access operator in this activation.

14.6. the preasignacion service will be gratuitous for the PST during the first
year of contract. Nevertheless LINCE will have the ability to load the PST
monthly with previous warning the costs that are rebounded you by each
application that you gives to LINCE and be rejected so much for the access
operator, as annulled due to nonfulfillments of the preasignacion process (v.g.
you lacks of originals so much of preasignacion application as of authorization
of the subscriber's representation in the PST to preasignacion effects, lack of
the subscriber's data, etc.)

ARTICLE 15. MODIFICATIONS FOR PART OF LINCE OF THE CONDITIONS OF
PROVISION OF SERVICES

15.1. LINCE commits to not modifying the General Conditions of the Contract
until the term of the first period of validity of the present Contract of one
year without damage of that foreseen in the

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Article 15.2.

15.2. LINCE the right is reserved to modify the conditions of benefit of the
services in the event of suspension, you gives up, partial or total modification
of your authorization on the part of the Ministry of Development or in the event
of substantial modification of the resulting conditions of the catalog of
interconnection of Telefonica. Nevertheless that prepared in the Article 18 of
the present Contract, the PST, if you doesn't accept the modifications that are
proposed, you can solve the present Contract for certified letter with
acknowledgement of receipt, without penalization some, previous warning with an
advance of fifteen (15) natural days.

15.3. the increase of the price of the communications established Contract
presently, so much to the new circumstances mentioned in the previous paragraph,
like in the case of extension of the present Contract, you will authorize the
PST in writing to the resolution of the same, previous warning, with a minimum
advance of fifteen (15) natural days, without you implies it the penalization
payment some.

ARTICLE 16. SURRENDER OF THE CONTRACT

16.1. the present Contract will be vinculante for both parts and you won't be
able to be given by none from them to third some without the previous written
consent of the other part whose consent won't be refused unjustifiably, and
whenever the third grantee assumes the rights and obligations and accept the
entirety of the commitments that has assumed and accepted the grantor by virtue
of the present Contract.

16.2. nevertheless the above-mentioned LINCE is authorized from this moment to
give the rights and obligations of the present Contract, total or partially, to
anyone of the societies of the Group to the one that belongs, with the single
obligation of notifying such a circumstance in writing, to the PST.

ARTICLE 17. BANK GUARANTEE

The PST commits to give to LINCE, to the signature of the present Contract, a
deposit bank initial for a quantity of 10.000.000 ptas. (ten million pesetas)
and in one month starting from the setting in service a guarantee of 10.000.000
ptas. (ten million pesetas). The bank deposit and the guarantee will respond of
the integral payment from all the due amounts to LINCE.

The quantity of the bank guarantee will be able to be upgraded monthly with
reason of the extension or renovation of the Contract to represent an equivalent
quantity to the sum of the last two monthly invoices of traffic emitted going to
the PST. The quantity of the up-to-date bank guarantee will be notified on the
part of LINCE to the PST for certified letter with acknowledgement of receipt,
in the following month to the date of anniversary of the Contract.

The amounts corresponding to the difference among the bank guarantee in course
and your upgrade will surrender, according to the case, to the PST or LINCE in a
maximum term of 30 days (thirty days) with posteriority to the date of
notification of the quantity upgraded by LINCE.

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ARTICLE 18. RESOLUTION

18.1. the present Contract will be able to be resolved of full right for an or
another part in the event of nonfulfillment of anyone of your obligations on the
part of the other contracting party.

This resolution will be effective, one month after the part incumplidora has
been prepared by the part that non incumplio, by means of certified letter with
acknowledgement of receipt, without damage of the right to the action or
compensation that I/you could correspond you.

18.2. due to the character "intuitu personae" of the present Contract, you will
be able to be resolved of full right for LINCE in an automatic way in the event
of judicial intervention of the PST, of your Administrators or of your
liquidation, to count from the decision of the judicial organ. In case the PST
will request the declaration of suspension of payments the resolution you will
take place in the moment in that this application was foreseen by the PST,
everything it without damage of any other action that legally could correspond
LINCE.

18.3. I save in the supposition foreseen in the Article 15, if the PST decided
to solve the present Contract before the finalization of the conventional term,
you will satisfy LINCE a compensation of a stanchion similar to three months of
traffic calculated on the average on the last six months until the resolution
petition.

ARTICLE 19. DIVISIBILITY OF THE CLAUSES

If anyone of the stipulations of the present Contract was declared null as a
consequence of a judicial or by arbitration decision, or should be modified as
consequence of a decision of a national or community authority, the parts will
make an effort in good faith to adapt your execution conditions, being clear
that this situation won't affect to the other dispositions of the present
Contract.

ARTICLE 20. JURISDICTION AND JURISDICTION

The parts will try to solve the possible relative disagreements friendly to the
execution and the interpretation of the present Contract. If you doesn't reach a
friendly agreement, the relative litigations to the present Contract will
undergo the institutional arbitration of the Court of Arbitration of Madrid of
the Official Camera of Trade and Industry of Madrid, to which will be trusted
the appointment of the referees and the administration of the arbitration. The
parts agree to accept as definitive and vinculante the award by arbitration, and
they give up your right to begin any judicial procedure.

ARTICLE 21. APPLICABLE RIGHT

The present Contract will be governed by the Spanish common civil legislation.

Both parts agree that the language for relative communications to the execution
or execution of that

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established Contract presently, will be carried out in Castilian.

ARTICLE 22.

The present Contract with the annexes that are integral part of the same one,
picks up the entirety of the contractual obligations among the Parts. You annuls
and you substitutes to all the written agreements or verbal, to all the
proposals and all the correspondence previous to your signature and that they
had the same object.

No modification of the terms of the present contract will be able to suppose new
obligations for anyone of the Parts if you is not picked up in an annex signed
by the legal representative of both, to exception of the prices of the Service
for whose modification the procedure will be continued foreseen in the Article
11 (I Price of the Service).

AND so that you consists this way to the opportune effects, they sign the
present document for copy copy in Madrid at 1 of Julio 2000

on behalf of LINCE                        on behalf of ITS Europe, SL
Telecommunications S.A.

   /s/ Vincent Lobry                         /s/ Frederick Cohen
----------------------------              -------------------------------

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