0001116502-02-000680 Sample Contracts

Letterhead]
Short Term Loan Agreement • May 15th, 2002 • Intercallnet Inc • Telephone communications (no radiotelephone)

Please accept this letter as the official terms and conditions surrounding the temporary loan between you and Intercallnet, Inc. (the "Company"). You have agreed to loan to the Company an amount equal to $40,000 for general operating purposes. Interest shall accrue at a rate of prime plus 2%, per annum, to be calculated over the time period that such temporary loan is outstanding.