EXHIBIT 10.35

                            QUIKCAT AUSTRALIA PTY LTD
                              (ABN 82 106 946 043)
       Registered Office: 3/56 Mount Street, West Perth WA 6005, Australia

                                                             13TH FEBRUARY, 2004

                                 REDEEMABLE NOTE
                                 CERTIFICATE 002

Holder   IA Global Inc (IAO) (a company registered in the State of Delaware,
         organised under the laws of the United States) and which has its
         registered address at 533Airport Boulevard, Suite 400, Burlingame, CA
         94010 United States of America

Issuer   QuikCAT Australia Pty Ltd (QCA) (a company organised under the laws of
         the Australia and designated the Australian Company number ABN 82 106
         946 043) and which has its registered address at 3/56 Mount Street,
         West Perth WA 6005, Australia

Amount   US$25,000

Terms             vi)      Unsecured but with priority to any payment by way of
                           distributions of dividends to QCA shareholders;

                  vii)     Redeemable by QCA at any time but only from retained
                           profits and in any case only repayable out of
                           retained profits of QCA;

                  viii)    Redeemable by IAO at any time with written notice of
                           3 months, after initial non-redeemable period of 1
                           year, but redeemable only to the extent that QCA has
                           sufficient surplus assets to affect redemption;

                  ix)      3% per annum interest rate, with such interest
                           accruing once QCA's profit on a monthly basis exceeds
                           AUD$10,000 for 3 consecutive months; and

                  x)       Redeemable in US$.



/s/ Mark Jenkins
Mark Jenkins
Director