Document:

Exhibit 10.2

                               SECURITY AGREEMENT

     SECURITY AGREEMENT dated as of June 20, 2003, by and between Mr. M. Keizer,
Mr. H.E. Rudolph, Burest Holding BV, Mr. J.G. van Burken, Mr. Niels Reijers, and
Steve  Mannen  (collectively,  and  severally,  the  "Borrower"  or  and  each a
"Grantor"),  Satellite Enterprises Corp., a Nevada corporation (the "Guarantor")
and Future Ventures,  Ltd., a Turks & Caicos company  ("Lender"),  in connection
with that certain Debenture,  dated as of the date hereof, by and between Lender
and Borrower.

     The parties acknowledge the following facts and circumstances:

     The parties agree and  acknowledge  that at the request of Grantor,  Lender
has agreed to lend to the Borrower the sum of $76,888.24,  which  represents the
unpaid  balance of the purchase  price of certain  securities,  which is due and
payable to Lender on September 2, 2003.  Such  obligation is represented by that
certain  Debenture,  dated as of the date  hereof,  by and  between  Lender  and
Borrower  (the  "Debenture").  To induce  Lender to enter into the Debenture and
other  agreements,  Guarantor has agreed to guaranty  payment and performance of
the  Debenture,  provided  that  recourse  for any default  thereunder  shall be
limited to acceptance of the Collateral (as defined below) as full  satisfaction
of Guarantor's obligations hereunder.

     Accordingly, the Grantor and the Lender hereby agree as follows:

     1.   Definitions of Terms Used Herein. As used herein,  the following terms
          shall have the following meanings:

          (a)  "Collateral"  means 3,740,484 shares of common stock of Satellite
               Enterprises  Corp.,  a  Nevada  corporation,   and  any  Proceeds
               thereof.

          (b)  "Proceeds"  means  any  consideration  received  from  the  sale,
               exchange,  lease or other  disposition  of any asset or  property
               which  constitutes  Collateral,  any other  value  received  as a
               consequence  of the  possession of any Collateral and any payment
               received  from any insurer or other  person or entity as a result
               of the destruction,  loss, theft or other involuntary  conversion
               of  whatever  nature of any asset or  property  that  constitutes
               Collateral,  and shall include, without limitation,  all cash and
               negotiable instruments received or held by the Lender pursuant to
               any  lockbox or similar  arrangement  relating  to the payment of
               Accounts Receivable.

          (c)  "Escrow Agent" means Corporate Legal Services, LLP.

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     2.   Security Interests. As security for the full and timely payment and/or
          performance,  as the case may be, of each and every covenant,  promise
          and agreement  contained in the  Debenture  (the  "Obligations"),  the
          Grantor  hereby  creates and grants to the Lender,  its successors and
          its assigns,  a security  interest in the  Collateral  (the  "Security
          Interest").  Without  limiting  the  foregoing,  the  Lender is hereby
          authorized  to file  one or more  financing  statements,  continuation
          statements  or  other   documents  for  the  purpose  of   perfecting,
          confirming,  continuing, enforcing or protecting its Security Interest
          in the  Collateral,  naming  the  Grantor  as debtor and the Lender as
          secured party. To perfect the Security Interest, Lender may retain the
          Collateral, in the possession of Escrow Agent.

     3.   Guarantor  hereby  unconditionally  guarantees  the full  payment  and
          performance of the Debenture.

     4.   Further  Assurances.  The Grantor agrees, at its expense,  to execute,
          acknowledge,  deliver  and  cause to be duly  filed  all such  further
          instruments  and documents and take all such actions as the Lender may
          from time to time  reasonably  request for the assuring and preserving
          of the Security  Interest and the rights and remedies  created hereby,
          including,  without  limitation,  the  payment  of any fees and  taxes
          required  in  connection  with  the  execution  and  delivery  of this
          Agreement, the granting of the Security Interest and the filing of any
          financing statements or other documents in connection herewith.

     5.   Taxes; Encumbrances.  At its option, the Lender may discharge past due
          taxes,  liens,  security  interests or other  encumbrances at any time
          levied  or  placed  on the  Collateral,  and  the  Grantor  agrees  to
          reimburse  the Lender on demand for any  payment  made or any  expense
          incurred by it pursuant to the foregoing authorization.

     6.   Representations and Warranties. The Grantor represents and warrants to
          the Lender that:

          (a)  Title and  Authority.  It has (i) rights,  interest in and to the
               Collateral in which it is granting a security interest  hereunder
               and (ii) the requisite power and authority to grant to the Lender
               the Security  Interest in such Collateral  pursuant hereto and to
               execute,  deliver and perform its  obligations in accordance with
               the terms of this  Agreement,  without the consent or approval of
               any other  person  other than any consent or  approval  which has
               been obtained.

          (b)  Filing.   Fully  executed   Uniform   Commercial  Code  financing
               statements   and  other  such   documents  as  may  be  necessary
               containing a description  of the  Collateral  shall have been, or
               shall be delivered to the Lender in a form such that they can be,
               filed of record in every governmental,  municipal or other office
               in every  jurisdiction  in which any portion of the Collateral is
               located  necessary to publish  notice of and protect the validity
               of and  to  establish  a  valid,  legal  and  perfected  security
               interest in favor of the Lender in respect of the  Collateral  in
               which a  security  interest  may be  perfected  by  filing in the
               United States and its territories and possessions, and no further
               or   subsequent   filing,   refiling,   recording,   rerecording,
               registration   or   reregistration   is  necessary  in  any  such
               jurisdiction,  except  as  provided  under  applicable  law  with
               respect  to the filing of Uniform  Commercial  Code  continuation
               statements.

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          (c)  Validity of Security Interest.  The Security Interest constitutes
               a valid,  legal and perfected first priority security interest in
               all  of  the  Collateral  for  payment  and  performance  of  the
               Obligations.

          (d)  Information  Regarding  Names. It has disclosed in writing to the
               Lender any trade names used to identify it in its  business or in
               the ownership of its properties.

          (e)  Survival of Representations  and Warranties.  All representations
               and warranties of the Grantor  contained in this Agreement  shall
               survive the execution, delivery and performance of this Agreement
               until the termination of this Agreement.

     7.   Protection  of  Security.  The  Grantor  shall,  at its own  cost  and
          expense, take any and all actions reasonably necessary to defend title
          to the  Collateral  owned by it against  all persons and to defend the
          Security  Interest of the Lender in such Collateral,  and the priority
          thereof,  against any adverse  mortgage,  pledge,  security  interest,
          Lien, charge or other encumbrance of any nature whatsoever.

     8.   Continuing Obligations of the Grantor. The Grantor shall remain liable
          to observe  and  perform  all the  conditions  and  obligations  to be
          observed and performed by it under each contract,  agreement, interest
          or obligation  relating to the Collateral,  all in accordance with the
          terms and conditions thereof, and shall indemnify and hold harmless
          the Lender from any and all such liabilities.

     9.   Use and  Disposition of Collateral.  Without the prior written consent
          of  Lender,  the  Grantor  shall  not make nor  permit  to be made any
          assignment,  pledge or hypothecation  of the Collateral,  or grant any
          security interest in the Collateral except for the Security  Interest.
          The Grantor  shall not make nor permit to be made any  transfer of any
          Collateral, except Inventory in the ordinary course of business and as
          otherwise  permitted  by the Loan  Documents,  and the  Grantor  shall
          remain at all times in possession of the Collateral  owned by it other
          than transfers to the Lender pursuant to the provisions  hereof and as
          otherwise provided in this Agreement or the Loan Documents.

     10.  Proxy. The Lender hereby irrevocably grants to Grantor, for so long as
          no Event of Default exists under the Debenture,  the sole and absolute
          right  to vote  all of the  shares  representing  the  Collateral.  In
          addition,   Lender  shall  not  have  the  right  to  sell,  transfer,
          hypothecate  or  otherwise   alienate  the  shares   representing  the
          Collateral  until ninety days following  Lender's written notice of an
          Event of Default sent to the Borrower.

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     11.  Collections.

               Upon the  occurrence  and during the  continuance  of an Event of
          Default, the Lender shall have the right, as the true and lawful agent
          of the Grantor,  with power of substitution for the Grantor and in the
          Grantor's  name,  the  Lender's  name  or  otherwise,  for the use and
          benefit of the Lender (i) to receive,  endorse,  assign and/or deliver
          any and all notes, acceptances,  checks, drafts, money orders or other
          evidences of payment  relating to the  Collateral or any part thereof;
          (ii) to demand, collect, receive payment of, give receipt for and give
          discharges and releases of all or any of the Collateral; (iii) to sign
          the name of the Grantor on any  invoice or bill of lading  relating to
          any of the Collateral; (iv) to sell or transfer any of the Collateral,
          subject to the  provisions  of Section 10 hereof;  (v) to commence and
          prosecute  any and all  suits,  actions  or  proceedings  at law or in
          equity in any court of competent  jurisdiction to collect or otherwise
          realize on all or any of the  Collateral  or to enforce  any rights in
          respect  of any  Collateral;  (vi) to  settle,  compromise,  compound,
          adjust or defend any  actions,  suits or  proceedings  relating  to or
          pertaining to all or any of the  Collateral;  and (vii) subject to the
          provisions  of  Section  10 above,  to use,  sell,  assign,  transfer,
          pledge,  make any agreement with respect to or otherwise deal with all
          or  any of  the  Collateral,  and to do  all  other  acts  and  things
          necessary  to carry out the purposes of this  Agreement,  as fully and
          completely  as  though  the  Lender  were  the  absolute  owner of the
          Collateral for all purposes;  provided,  however,  that nothing herein
          contained  shall be construed as requiring or obligating the Lender to
          make  any  commitment  or to make  any  inquiry  as to the  nature  or
          sufficiency  of any  payment  received  by the Lender or to present or
          file any claim or notice,  or to take any action  with  respect to the
          Collateral  or any part  thereof or the moneys due or to become due in
          respect thereof or any property covered  thereby,  and no action taken
          by the Lender or omitted to be taken with respect to the Collateral or
          any part  thereof  shall  give rise to any  defense,  counterclaim  or
          offset in favor of the  Grantor or to any claim or action  against the
          Lender in the absence of the gross negligence or willful misconduct of
          the Lender.  It is understood  and agreed that the  appointment of the
          Lender as the agent of the Grantor for the purposes set forth above in
          this Section 11 is coupled with an interest  and is  irrevocable.  The
          provisions of this Section 11 shall in no event relieve the Grantor of
          any of its  obligations  hereunder  or under the Loan  Documents  with
          respect to the Collateral or any part thereof or impose any obligation
          on the Lender to proceed in any particular  manner with respect to the
          Collateral  or any part  thereof,  or in any way limit the exercise by
          the Lender of any other or further right which it may have on the date
          of  this  Agreement  or  hereafter,  whether  hereunder  or by  law or
          otherwise.

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     12.  Remedies upon Default.  Upon the occurrence and during the continuance
          of an Event of  Default,  the Grantor  agrees to deliver  each item of
          Collateral  to the Lender on demand,  and it is agreed that the Lender
          shall  have the right to take any or all of the  following  actions at
          the same or different times: with or without legal process and with or
          without previous notice or demand for performance,  to take possession
          of the  Collateral  and without  liability  for  trespass  (except for
          actual  damage  caused by the  Lender's  gross  negligence  or willful
          misconduct)  to enter any premises where the Collateral may be located
          for the purpose of taking  possession  of or removing  the  Collateral
          and,  generally,  to exercise any and all rights afforded to a secured
          party under, and subject to its obligations  contained in, the Uniform
          Commercial  Code as in effect in any  state or other  applicable  law.
          Without  limiting the generality of the foregoing,  the Grantor agrees
          that  the  Lender  shall  have the  right,  subject  to the  mandatory
          requirements of applicable law, to sell or otherwise dispose of all or
          any  part of the  Collateral,  at  public  or  private  sale or at any
          broker's board or on any securities exchange, for cash, upon credit or
          for future  delivery as the Lender shall deem  appropriate.  Each such
          purchaser  at any such sale shall hold the  property  sold  absolutely
          free  from any  claim or  right  on the part of the  Grantor,  and the
          Grantor  hereby waives (to the extent  permitted by law) all rights of
          redemption, stay and appraisal which the Grantor now has or may at any
          time in the future have under any rule of law or statute now  existing
          or  hereafter  enacted.  Without  limiting  the  foregoing,  upon  the
          occurrence  and  during  the  continuance  of  an  Event  of  Default,
          immediately  upon Lender's  demand  Grantor  shall  transfer all Cash,
          including  but not limited to all proceeds of  Collateral,  to Lender,
          and shall  execute all  documents  reasonably  requested  by Lender to
          effectuate  an  assignment  of all of Grantor's  deposit  accounts and
          account  balances to Lender at any and all financial  institutions  at
          which such deposits exist at the time of such demand.

     13.  The Lender shall give the Grantor ten (10) days' written notice (which
          the Grantor agrees is reasonable  notice) of the Lender's intention to
          make  any sale of  Collateral.  Such  notice,  in the case of a public
          sale, shall state the time and place for such sale and, in the case of
          a sale at a broker's  board or on a securities  exchange,  shall state
          the board or  exchange at which such sale is to be made and the day on
          which the Collateral,  or portion  thereof,  will first be offered for
          sale at such board or exchange.  Any such public sale shall be held at
          such time or times within ordinary business hours and at such place or
          places as the  Lender may fix and state in the notice (if any) of such
          sale. At any such sale, the Collateral, or portion thereof, to be sold
          may be sold in one lot as an entirety or in separate  parcels,  as the
          Lender may (in its sole and absolute discretion) determine. The Lender
          shall not be obligated to make any sale of any  Collateral if it shall
          determine not to do so,  regardless of the fact that notice of sale of
          such Collateral  shall have been given. The Lender may, without notice
          or  publication,  adjourn any public or private sale or cause the same
          to be  adjourned  from  time to time by  announcement  at the time and
          place fixed for sale, and such sale may,  without further  notice,  be
          made at the time and place to which the same was so adjourned. In case

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          any sale of all or any part of the Collateral is made on credit or for
          future delivery,  the Collateral so sold may be retained by the Lender
          until the sale price is paid by the purchaser or  purchasers  thereof,
          but the  Lender  shall  not  incur  any  liability  in case  any  such
          purchaser  or  purchasers  shall  fail  to  take  up and  pay  for the
          Collateral so sold and, in case of any such failure,  such  Collateral
          may be sold again upon like notice.  At any public sale made  pursuant
          to this Section 14, the Lender may bid for or  purchase,  free (to the
          extent  permitted  by law)  from  any  right  of  redemption,  stay or
          appraisal  on the part of the  Grantor  (all said  rights  being  also
          hereby  waived and  released  to the extent  permitted  by law),  with
          respect to the Collateral or any part thereof offered for sale and the
          Lender may make payment on account thereof by using any claim then due
          and  payable to the Lender  from the  Grantor as a credit  against the
          purchase price,  and the Lender may, upon compliance with the terms of
          sale,  hold,  retain and  dispose  of such  property  without  further
          accountability  to the  Grantor  therefore.  For  purposes  hereof,  a
          written  agreement to purchase the  Collateral or any portion  thereof
          shall be treated as a sale thereof;  the Lender shall be free to carry
          out such sale and purchase pursuant to such agreement, and the Grantor
          shall not be entitled to the return of the  Collateral  or any portion
          thereof  subject  thereto,  notwithstanding  the fact  that  after the
          Lender shall have entered into such an agreement all Events of Default
          shall  have been  remedied  and the  Obligations  paid in full.  As an
          alternative to exercising the power of sale herein  conferred upon it,
          the  Lender  may  proceed  by a suit or suits at law or in  equity  to
          foreclose  this  Agreement  and to sell the  Collateral or any portion
          thereof  pursuant to a judgment or decree of a court or courts  having
          competent   jurisdiction   or   pursuant   to   a   proceeding   by  a
          court-appointed receiver.

     14.  Application  of Proceeds.  The proceeds of any  collection  or sale of
          Collateral,  as well as any  Collateral  consisting of cash,  shall be
          applied by the Lender as follows:

          (a)  FIRST,  to the  payment  of all  reasonable  costs  and  expenses
               incurred by the Lender in connection with such collection or sale
               or  otherwise  in  connection  with this  Agreement or any of the
               Obligations,  including,  but not limited to, all court costs and
               the reasonable fees and expenses of its agents and legal counsel,
               the  repayment  of all advances  made by the Lender  hereunder on
               behalf of the Grantor and any other  reasonable costs or expenses
               incurred in  connection  with the exercise of any right or remedy
               hereunder;

          (b)  SECOND,  to the  payment in full of  principal  and  interest  in
               respect of the Loan then outstanding;

          (c)  THIRD,  to the  payment in full of all  Obligations  (other  than
               those referred to above) owed to the Lender; and

          (d)  FOURTH, to the Grantor, its successors and assigns, or as a court
               of competent jurisdiction may otherwise direct.

     15.  Upon any sale of the  Collateral  by the  Lender  (including,  without
          limitation,  pursuant to a power of sale granted by statute or under a
          judicial  proceeding),  the  receipt of the  Lender or of the  officer
          making the sale shall be a sufficient  discharge  to the  purchaser or
          purchasers of the  Collateral so sold and such purchaser or purchasers
          shall not be  obligated to see to the  application  of any part of the
          purchase  money  paid  over  to  the  Lender  or  such  officer  or be
          answerable in any way for the misapplication thereof.

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     16.  Security Interest  Absolute.  All rights of the Lender hereunder,  the
          Security Interest, and all obligations of the Grantor hereunder, shall
          be absolute and unconditional irrespective of (i) any lack of validity
          or enforceability  of the Debenture,  any other agreement with respect
          to  any of  the  Obligations  or any  other  agreement  or  instrument
          relating to any of the foregoing,  (ii) any change in the time, manner
          or place of  payment  of, or in any other  term of,  all or any of the
          Obligations,  or any other  amendment  or waiver of or  consent to any
          departure  from the Debenture,  or any other  agreement or instrument,
          (iii) any exchange, release or non-perfection of any other Collateral,
          or any release or  amendment  or waiver of or consent to or  departure
          from any  guarantee,  for all or any of the  Obligations,  or (iv) any
          other  circumstance   which  might  otherwise   constitute  a  defense
          available  to, or  discharge  of, the Grantor or any other  obligor in
          respect of the Obligations or in respect of this Agreement.

     17.  No Waiver.  No failure on the part of the Lender to  exercise,  and no
          delay in  exercising,  any  right,  power or  remedy  hereunder  shall
          operate as a waiver thereof,  nor shall any single or partial exercise
          of any such right, power or remedy by the Lender preclude any other or
          further exercise thereof or the exercise of any other right,  power or
          remedy. All remedies hereunder are cumulative and are not exclusive of
          any other remedies  provided by law. The Lender shall not be deemed to
          have  waived  any rights  hereunder  or under any other  agreement  or
          instrument  unless such waiver  shall be in writing and signed by such
          parties.

     18.  Lender  Appointed  Attorney-in-Fact.  The Grantor hereby  appoints the
          Lender its attorney-in-fact solely for the purpose of carrying out the
          provisions  of this  Agreement and taking any action and executing any
          instrument  which  the  Lender  may deem  necessary  or  advisable  to
          accomplish the purposes hereof,  which  appointment is irrevocable and
          coupled with an interest.

     19.  Lender's  Fees and  Expenses.  The Grantor shall be obligated to, upon
          demand,  pay to the  Lender  the  amount  of any  and  all  reasonable
          expenses,  including the  reasonable  fees and expenses of its counsel
          and of any experts or agents which the Lender may incur in  connection
          with (i) the  administration  of this  Agreement,  (ii) the custody or
          preservation of, or the sale of, collection from, or other realization
          upon, any of the Collateral,  (iii) the exercise or enforcement of any
          of the  rights of the  Lender  hereunder,  or (iv) the  failure by the
          Grantor  to  perform  or  observe  any of the  provisions  hereof.  In
          addition,  the Grantor  indemnifies and holds the Lender harmless from
          and against any and all liability  incurred by the Lender hereunder or
          in  connection  herewith,  unless such  liability  shall be due to the
          gross negligence or willful misconduct of the Lender. Any such amounts
          payable  as  provided  hereunder  or  thereunder  shall be  additional
          Obligations secured hereby.

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     20.  Binding  Agreement;   Assignments.  This  Agreement,  and  the  terms,
          covenants and  conditions  hereof,  shall be binding upon and inure to
          the benefit of the parties hereto and their respective  successors and
          assigns, except that the Grantor shall not be permitted to assign this
          Agreement or any  interest  herein or in the  Collateral,  or any part
          thereof,  or any cash or  property  held by the  Lender as  Collateral
          under this Agreement,  except as contemplated by this Agreement or the
          Debenture.

     21.  Governing  Law. (a) This  Agreement  shall be construed in  accordance
          with and  governed by the laws of the state of  California,  except to
          the extent that the validity or  perfection  of the security  interest
          hereunder,  or  remedies  hereunder,  which  shall be  governed by the
          appropriate  jurisdiction  relating to the specific Collateral itself.
          Venue for any action under this Agreement or the Debenture shall be in
          the Superior Court located in Los Angeles,  California. The prevailing
          party in any dispute  arising  hereunder  shall be entitled to recover
          all  of  its  reasonable   attorney's   fees  and  costs  of  defense,
          prosecution   or  litigation.   The  Grantor   hereby   expressly  and
          irrevocably  submits  to the  jurisdiction  of the state  and  federal
          courts  of the  State  of  California,  city of Los  Angeles,  for the
          purpose  of any such  litigation  as set forth  above and  irrevocably
          agrees  to  be  bound  by  any  final  judgment  rendered  thereby  in
          connection  with such  litigation.  The  Grantor  further  irrevocably
          consents  to the  service  of  process  by  registered  mail,  postage
          prepaid,  or by  personal  service  within  or  without  the  State of
          California.  The Grantor hereby expressly and irrevocably  waives,  to
          the fullest extent  permitted by law, any objection  which it may have
          or  hereafter  may have to the laying of venue of any such  litigation
          brought  in any such  court  referred  to above and any claim that any
          such  litigation has been brought in any  inconvenient  forum.  To the
          extent that the Grantor has or hereafter may acquire any immunity from
          jurisdiction of any court or from any legal process  (whether  through
          service or notice, attachment prior to judgment,  attachment in aid of
          execution or otherwise)  with respect to itself or its  property,  the
          Grantor  hereby  irrevocably  waives  such  immunity in respect of its
          obligations under this agreement and the Debenture.

          (b)  Waiver of Jury Trial. The parties hereby  knowingly,  voluntarily
               and  intentionally  waive any rights  they may have to a trial by
               jury in respect of any  litigation  based hereon,  or arising out
               of, under, or in connection  with, this agreement,  or any course
               of  conduct,  course  of  dealing,  statements  (whether  oral or
               written) or actions of any of the parties hereto.

     22.  Notices.  All communications and notices hereunder shall be in writing
          and given as provided in the Debenture.

     23.  Severability.  In case any one or more of the provisions  contained in
          this  Agreement  should  be  invalid,  illegal  or  unenforceable  the
          remaining provisions contained herein shall not in any way be affected
          or impaired.

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     24.  Section  Headings.  Section  headings used herein are for  convenience
          only and are not to affect  the  construction  of, or to be taken into
          consideration in interpreting, this Agreement.

     25.  Counterparts.   This   Agreement  may  be  executed  in  two  or  more
          counterparts,  each of which shall constitute an original,  but all of
          which, when taken together, shall constitute but one instrument.  This
          Agreement  shall be  effective  when a  counterpart  which  bears  the
          signature of the Grantor shall have been delivered to the Lender.

     26.  Termination.  This Agreement and the Security Interest shall terminate
          when all the  Obligations  have been  fully and  indefeasibly  paid in
          cash,  at which  time the  Lender  shall  execute  and  deliver to the
          Grantor all Uniform Commercial Code termination statements and similar
          documents which the Grantor shall reasonably  request to evidence such
          termination;  provided,  however,  that all indemnities of the Grantor
          contained in this Agreement shall survive, and remain operative and in
          full  force  and  effect   regardless  of,  the  termination  of  this
          Agreement.

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     IN WITNESS  WHEREOF,  the parties  hereto have duly  executed this Security
Agreement as of the day and year first above written.

                                 SATELLITE ENTERPRISES CORP.
                                    a Nevada corporation

                                 BY: /s/ Robert Hodge
                                    --------------------------------------------
                                     Robert Hodge

                                 Grantor:

                                 Steve Mannen, and each Borrower,
                                 each under Power of Attorney

                                   /s/ Steve Mannen
                                 -----------------------------------------------
                                 Steve Mannen, individually and Attorney in Fact

                                 Lender:

                                 Future Ventures, Ltd.
                                      a Turks & Caicos company

                                 By:      Sterling Nominees Ltd.

                                 By:  /s/ Keith Burant
                                    --------------------------------------------
                                     Keith Burant,
                                     Director and Authorized RepresentativeExhibit 10 - Escrow Agreement

                                ESCROW AGREEMENT

     This Escrow Agreement, is dated June 20th, 2003 by and among the Purchasers
listed on the signature  page hereof  ("Purchasers"),  Future  Ventures  Ltd., a
Turks & Caicos company,  as Lender  ("Lender"),  Satellite  Enterprises Corp., a
Nevada corporation (the "Company"),  and Corporate Legal Services, LLP as escrow
agent (the "Escrow Agent").

     Lender has entered into that certain Debenture (the "Debenture"),  dated as
of the date hereof,  by and between Lender and the  Purchasers.  The obligations
under the Debenture are secured by that certain Security Agreement,  dated as of
the date hereof (the "Security  Agreement"),  and guaranteed by the Company. The
Company,  Purchasers and Lender (the "Parties") have requested that Escrow Agent
act as Escrow Agent as provided herein.

     It is agreed as follows:

     1.   Escrow  Property.  Purchasers  shall deliver to Escrow Agent 3,740,484
          shares of common stock of the Company (the "Common Stock"), registered
          in  the  name  of the  Purchasers,  and  which  shall  be  and  remain
          beneficially owned by the Purchasers for all reporting  purposes.  The
          Purchasers  shall have the sole and absolute right to vote such shares
          so long as there is no breach or default under, or an Event of Default
          exists under, either the Security Agreement or the Debenture.

     2.   Disbursement.

          2.1  Upon an Event of  Default.  Thirty (30) days after  Escrow  Agent
               receives notice from Lender of an Event of Default,  Escrow agent
               shall, and the Parties hereby  irrevocably  instruct Escrow Agent
               to, release the Common Stock to Lender.  Escrow Agent shall cause
               the Company's  transfer agent to register such shares in the name
               of Lender immediately prior to such transfer,  and Escrow Agent's
               duties hereunder shall immediately terminate with no liability to
               any of the Parties.

          2.2  Termination.  Upon  satisfaction  of all  obligations  under  the
               Debenture,  this Escrow  Agreement  shall  terminate,  and Escrow
               Agent shall return the Common Stock to Jerry  Gruenbaum,  counsel
               to the  Purchasers.  Upon such  delivery,  Escrow  Agent's duties
               hereunder shall immediately terminate with no liability to any of
               the Parties.

     3.   Escrow Agents as Special Counsel to Parties.  The Parties  acknowledge
          that they are each aware that Escrow  Agent is acting,  and has acted,
          as  counsel  to  the  Company  and  Lender  in  connection  with  this
          Agreement,  the Debenture,  and the various other  agreements  entered
          into in  connection  with the  transactions  with SNW,  as well as the
          consummation of the  transactions  contemplated by such agreements and
          other  matters  and that the Escrow  Agent is a law firm and has been,
          and may in the future be, involved with  representing  the Company and
          its current shareholders and/or consultants with respect to any of the
          foregoing or any other matter. The Parties agree that the Escrow Agent
          acting  under this  Agreement  shall not  affect  the  Escrow  Agent's
          ability   to  act  as   counsel   to  the   Company   or  any  of  its
          representatives,  shareholders  or officers in any matter,  including,
          but not limited to, any claim,  action or  proceeding  with respect to
          this Agreement, any of the transactions contemplated by this agreement
          or the disposition of, or entitlement to, the Common Stock.

                                        1
<PAGE>

     4. Escrow Agent.

          4.1  General.  The Escrow Agent shall act as escrow agent and hold and
               deliver the Common Stock  pursuant to the terms and conditions of
               this  Agreement.  The Escrow  Agent's duties under this Agreement
               shall cease upon release of the Common Stock to either  Lender or
               Purchasers in accordance with the terms of this Agreement.

          4.2  Limited Duties.  The Escrow Agent undertakes to perform only such
               duties as are expressly set forth in this  Agreement.  The Escrow
               Agent shall not incur any  liability  whatsoever  to Lender,  the
               Purchasers, the Company or any other person or entity, except for
               the Escrow  Agent's own  willful  misconduct  in its  capacity as
               escrow agent.

          4.3  Reliance  on  Notices.  The  Escrow  Agent  may rely and shall be
               protected  in acting or  refraining  from acting upon any written
               notice,  instruction  or request  furnished to it  hereunder  and
               believed by it to be genuine and to have been signed or presented
               by the proper party or parties. The Escrow Agent may conclusively
               presume  that  each  of the  undersigned  representatives  of the
               parties  hereto  has full power and  authority  to  instruct  the
               Escrow Agent on behalf of that party.

          4.4  Limited Responsibilities.  The Escrow Agent's sole responsibility
               upon receipt of any notice  requiring  any delivery of the Common
               Stock  pursuant to the terms of this  Agreement is to deliver the
               Common Stock as provided in this Agreement,  and the Escrow Agent
               shall have no duty to determine  the  validity,  authenticity  or
               enforceability of any specification or certification made in such
               notice.

          4.5  Action in Good Faith. The Escrow Agent shall act in good faith at
               all times,  and the Escrow  Agent may consult with counsel of its
               own choice.

          4.6  Disputes. In the event of a dispute between the parties as to the
               proper disposition of the Common Stock, the Escrow Agent shall be
               entitled (but not required) (i) to retain the Common Stock in its
               possession  pending direction as to the disposition  thereof by a
               final  order,  from  which no further  appeal may be taken,  of a
               court having proper  jurisdiction,  or (ii) to deliver the Common
               Stock into the possession of any court of proper  jurisdiction as
               such is set forth in Section  7.1 of this  Agreement,  and,  upon
               giving  notice to Lender  and Jerry  Gruenbaum,  on behalf of the
               Purchasers,  of such action,  shall  thereupon be relieved of all
               further responsibility.

          4.7  Indemnification.  Each of Lender,  the Purchasers and the Company
               hereby jointly and severally  agree to indemnify the Escrow Agent
               for, and to hold it harmless against,  any loss,  claim,  action,
               liability,  damage, cost or expense incurred without bad faith on
               the part of the Escrow Agent arising out of or in connection with
               the Escrow  Agent's  entering into and or  performing  under this
               Agreement,  including,  but not  limited to, the cost and expense
               (including,  but not limited to,  attorneys' fees and expenses at
               the rate of $250 per hour if handled  by Escrow  Agent's in house
               attorneys)  of  defending  itself  against  any claim,  action or
               liability.

                                        2
<PAGE>

     5.   Escrow  Agents  Not  Affected  By  Other  Agreements.  This  Agreement
          expressly  sets forth all the duties of the Escrow  Agent with respect
          to any  and  all  matters  pertinent  hereto.  No  implied  duties  or
          obligations  shall be read  into this  Agreement  against  the  Escrow
          Agent.  The Escrow Agent, in it's capacity as such, shall not be bound
          by the provisions of any agreement among the parties to this Agreement
          other than this Agreement.

     6.   Notices.  Any notices  required to be delivered  to the Escrow  Agent,
          including,  but not limited to, the Notice of Closing, shall be deemed
          received  by the Escrow  Agent when the Escrow  Agent  physically  has
          possession of such notice.  Any notice required to be delivered to the
          Purchasers shall be deemed delivered upon mailing to Jerry Gruenbaum.

     7.   Miscellaneous.

          7.1  Jurisdiction.  Any  proceeding,  action,  litigation  or claim (a
               "Proceeding") arising out of or relating to this Agreement or any
               of the  transactions  contemplated  herein  may be brought in the
               courts of the State of California, County of Los Angeles, city of
               Santa Monica, or, if it has or can acquire  jurisdiction,  in the
               United  States  District  Court  for  the  Central   District  of
               California,  and each of the parties  irrevocably  submits to the
               exclusive jurisdiction of each such court in any such Proceeding,
               waives any objection it may now or hereafter  have to venue or to
               convenience  of forum,  agrees  that all claims in respect of the
               Proceeding  shall be heard and determined  only in any such court
               and agrees not to bring any Proceeding arising out of or relating
               to this Agreement or any of the transactions  contemplated herein
               in any other court. The parties agree that either or both of them
               may  file a copy of this  paragraph  with any  court  as  written
               evidence  of  the  knowing,  voluntary  and  bargained  agreement
               between the parties  irrevocably to waive any objections to venue
               or to convenience of forum.  Each party hereto hereby consents to
               process  being  served in any such  action or  proceeding  by the
               mailing of a copy  thereof to the address set forth  opposite its
               name  below and  agrees  that such  service  upon  receipt  shall
               constitute  good and  sufficient  service  of  process  or notice
               thereof.  Nothing in this paragraph shall affect or eliminate any
               right to serve process in any other manner permitted by law.

                    WAIVER OF JURY TRIAL.  THE PARTIES HEREBY WAIVE ANY RIGHT TO
               TRIAL BY JURY IN ANY  PROCEEDING  ARISING  OUT OF OR  RELATING TO
               THIS AGREEMENT OR ANY OF THE CONTEMPLATED  TRANSACTIONS,  WHETHER
               NOW  EXISTING  OR  HEREAFTER  ARISING,  AND  WHETHER  SOUNDING IN
               CONTRACT,  TORT OR OTHERWISE.  THE PARTIES AGREE THAT ANY OF THEM
               MAY  FILE A COPY OF THIS  PARAGRAPH  WITH ANY  COURT  AS  WRITTEN
               EVIDENCE OF THE KNOWING,  VOLUNTARY AND  BARGAINED-FOR  AGREEMENT
               AMONG THE PARTIES IRREVOCABLY TO WAIVE TRIAL BY JURY AND THAT ANY
               PROCEEDING  WHATSOEVER BETWEEN THEM RELATING TO THIS AGREEMENT OR
               ANY OF THE CONTEMPLATED  TRANSACTIONS SHALL INSTEAD BE TRIED IN A
               COURT OF  COMPETENT  JURISDICTION  BY A JUDGE  SITTING  WITHOUT A
               JURY.

          3 <PAGE>

          7.2  Captions.  The captions in this Agreement are for  convenience of
               reference  only  and  shall  not  be  given  any  effect  in  the
               interpretation of this Agreement.

          7.3  No Waiver. The failure of a party to insist upon strict adherence
               to any  term of  this  Agreement  on any  occasion  shall  not be
               considered a waiver or deprive that party of the right thereafter
               to insist upon strict adherence to that term or any other term of
               this agreement. Any waiver must be in writing.

          7.4  Exclusive  Agreement;   Amendment;   Assignment.  This  Agreement
               supersedes all prior agreements among the parties with respect to
               the escrow of the Common  Stock,  is intended  as a complete  and
               exclusive  statement  of the  terms of the  agreement  among  the
               Parties with respect  thereto and cannot be changed or terminated
               orally.  No party may assign any  rights or  delegate  any of its
               duties under this Agreement,  but this Agreement shall be binding
               upon and inure to the  benefit of the  successors  of the parties
               hereto.

          7.5  Counterparts.  This  Agreement  may be executed in  counterparts,
               each of which shall be considered  an original,  but all of which
               together shall constitute the same instrument.

          7.6  Governing  Law.  This  Agreement  and all  amendments  hereof and
               waivers and  consents  hereunder  shall be  governed  by, and all
               disputes arising  hereunder shall be resolved in accordance with,
               the internal law of the State of  California,  without  regard to
               the conflicts of law principles thereof.

FUTURE VENTURES LTD.                               CORPORATE LEGAL SERVICES, LLP

      BY: STERLING NOMINEES LTD..

      By: /s/ Keith Burant                         By: /s/ Reid Breitman
            --------------------------                --------------------------
            Keith Burant                              Reid Breitman, Partner
            Director

      Purchasers, under power of attorney:

      By: /s/ Steve Mannen
         ----------------------------------
         Steve Mannen, Attorney in Fact,
         and individually as a purchaser

Purchasers:  Mr. M. Keizer,  Mr. H.E.  Rudolph,  Burest Holding BV, Mr. J.G. van
Burken, Mr. Niels Reijers, and Mr. Steve Mannen

                                        4
<PAGE>

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