Exhibit 10.7


March 27, 1999


Polmont Investment Limited
c/o Tiepin Services Limited,
Its Sole Director
P.O. Box 3186, Main Street
Roadtown, Tortola
British Virgin Islands

To Whom It May Concern:

     The purpose of this letter is to record the  understanding  between  CBCOM,
INC. and Polmont  Investment  Limited  regarding  the loan of 800,000  shares of
stock of Amtec, Inc.

 1.     CBCom guaranteed  compensation  payments to its Chief Executive Officer,
        Mr.  Bernard  Luskin for the two year period ending May 15, 1999.  CBCom
        opened an  escrow  account  at U.S.  Trust  Company  in Los  Angeles  as
        collateral for the guaranteed  compensation  payments. On March 27, 1998
        Polmont loaned 800,000 shares of Amtec, Inc. (ATC) stock to CBCom, which
        shares were  deposited  into the escrow  account as  collateral  for the
        compensation payments.

 2.     CBCom, as guarantor of the Luskin employment  agreement,  is responsible
        to  repay   Polmont  for  amounts   paid  to  Luskin  from  the  escrow.
        Accordingly, this letter is in lieu of and shall have the same effect as
        a  promissory  note from CBCom to Polmont for  Polmont's  guarantee  and
        payment of CBCom's obligations to Luskin.

 3.     CBCom agrees to repay,  on a  dollar-for-dollar  basis, to Polmont on or
        before March 26, 2002 all amounts paid to Luskin for  compensation  from
        the sale of the Amtec  shares by the escrow  agent,  U.S.  Trust.;  plus
        simple interest at 10% per annum on each amount advanced.

 4.     Further,  CBCom  agrees to allow  Polmont  to  convert  the  outstanding
        obligation,  in whole or in part,  at any  time,  into  Common  Stock of
        CBCom,  Inc.  at a  conversion  price of $0.50 per  Common  share.  Upon
        conversion,  interest earned by Polmont on the amount(s) converted shall
        be waived by Polmont.














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Polmont Investment Limited
March 27, 1999
Page 2


 5.     In connection with a settlement agreement entered into between CBCom and
        Mr.  Luskin on  January  21,  1999,  Mr.  Luskin  has agreed to sell his
        500,000  shares  of Common  Stock of CBCom,  Inc.  to the  company  or a
        designee  for the amount of  $30,000.  The company is unable to purchase
        those  shares and  Polmont is wilting to  purchase  those  shares as the
        company's  designee,  and to give the  company  the  benefit of the fair
        market value.  CBCom, by a unanimous  consent of its Board of Directors,
        designates Polmont to purchase the shares from Luskin for $30,000.

 6.     In the same settlement agreement mentioned in (5) above, CBCom agreed to
        pay Luskin $520,833.34 in unpaid compensation.  U.S. Trust has commenced
        selling the Amtec,  Inc shares to settle the  obligation to Luskin.  All
        Amtec shares remaining in the escrow after the compensation  payments to
        Luskin are completed will be returned to Polmont Investment Limited.

     The terms relating to the loan of the Amtec shares by Polmont were approved
by the  Board of  Directors  of CBCom on March  26,  1999  Please  signify  your
agreement and return a signed copy of the letter to me.

Very Truly Yours,



Charles A. Lesser
Company Secretary


Agreed, as Outlined