Bridge Loan Agreement

Between

Miralco Holding AG , Hofackerstrasse 3a, CH-4132 Muttenz (Lender)

And

Qnective AG , Thurgauerstrasse 54, 8050 Zürich (Borrower)

Whereas,

The Borrower is a corporation duly organized and validly existing under the laws of Switzerland with business activities in the field of Telecommunications;

The Lender is an investment corporation duly organized and validly existing under the laws of Switzerland;

The Borrower has requested a bridge loan in an amount of $2’000’000.00 for working capital and general corporate purposes until such time as it can complete an overall debt or equity financing with the lender, and the Lender is willing