Interlink-US-Network, Ltd. Watch

from SB-2/A 4 pages Guarantor Unconditionally Guarantees Payment to Lender of All Amounts Owing Under the Note. This Guarantee Remains in Effect Until the Note Is Paid in Full. Guarantor Must Pay All Amounts Due Under the Note When Lender Makes Written Demand Upon Guarantor. Lender Is Not Required to Seek Payment From Any Other Source Before Demanding Payment From Guarantor. 2. Note: The “Note” Is the Promissory Note Dated July 12, 2000 in the Principal Amount of Nine Hundred Thousand & 00/100 Dollars, From Borrower to Lender. It Includes Any Assumption, Renewal, Substitution, or Replacement of the Note, and Multiple Notes Under a Line of Credit. 3. Definitions: “Collateral” Means Any Property Taken as Security for Payment of the Note or for Any Guarantee of the Note. “Loan” Means the Loan Evidenced by the Note. “Loan Documents” Means the Documents Related to the Loan Signed by Borrower, Guarantor or Any Other Guarantor, or Anyone Who Pledges Collateral. “Sba” Means the Small Business Administration, an Agency of the United States of America. 4. Lender’s General Powers: Lender May Take Any of the Following Actions at Any Time, Without Notice, Without Guarantor’s Consent, and Without Making Demand Upon Guarantor: A. Modify the Terms of the Note or Any Other Loan Document Except to Increase the Amounts Due Under the Note; B. Refrain From Taking Any Action on the Note, the Collateral, or Any Guarantee; C. Release Any Borrower or Any Guarantor of the Note; D. Compromise or Settle With the Borrower or Any Guarantor of the Note; E. Substitute or Release Any of the Collateral, Whether or Not Lender Receives Anything in Return; Sba Form 148 (10/98} Previous Editions Obsolete

from SB-2/A 36 pages Business Loan Agreement

from SB-2 16 pages B. Pay All Accrued Interest; and C. if the Prepayment Is Received Less Than 21 Days From the Date Lender Receives the Notice, Pay an Amount Equal to 21 Days’ Interest From the Date Lender Receives the Notice, Less Any Interest Accrued During the 21 Days and Paid Under Subparagraph B. if Borrower Does Not Prepay Within 60 Days From the Date Lender Receives the Notice, Borrower Must Give Lender a New Notice. 5. Default: Borrower Is in Default Under This Note if Borrower Does Not Make a Payment When Due Under This Note, or if Borrower or Operating Company

from SB-2 16 pages Business Security Agreement