0001060830-05-000037 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • January 24th, 2005 • Its Networks Inc • Telephone communications (no radiotelephone) • Madrid

ITS Networks, Inc., a Florida, USA based telecom company, registered in USA, with a branch located in Spain ‘Teleconnect Comunicaciones, S.A.’ and ‘ITS Europe, S.L.’, located Edif. Marina Marbella, Avd. Severo Ochoa 28, Planta 9, 29600 Marbella (Malaga), Spain and represented by Mr. Gustavo Gomez Sanchez in his capacity as President(hereinafter, the "Company")

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Dated: August 8, 2004 ITS Networks Inc. (1) And Geeris Holdings Nederland B.V. (2)
Agreement • January 24th, 2005 • Its Networks Inc • Telephone communications (no radiotelephone)
Dated: August 8, 2004 ITS Networks Inc. (1) And Volim B.V. (2)
Bridge Loan Agreement • January 24th, 2005 • Its Networks Inc • Telephone communications (no radiotelephone)
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