[CISCO SYSTEMS
CAPITAL LOGO]

Monday, October 25, 1999


David Walsh
Globaltron Communications Corporation
111 N.E.  1st Street
Miami, FL  33132



Dear Mr. Walsh,

Cisco Systems Capital Corporation ("CSC"), a wholly owned subsidiary of Cisco
Systems, Inc., specializes in providing innovative finance solutions for Cisco
Systems products and services. We are pleased to present this proposal
("Proposal") for the transaction described below:

LESSOR:                             Cisco Systems Capital Corporation

LESSEE:                             Globaltron Communications Corporation

EQUIPMENT:                          Cisco Systems Products, as presented by
                                    Sheldon Friedberg of Cisco Systems, Inc.

MAXIMUM SOFT COSTS:                 In the aggregate, up to $525,000

SHIP TO:                            Location in the U.S. as advised.

PARTIAL SHIPMENTS:                  Please indicate at the bottom of this letter
                                    whether Lessee will accept scheduling of
                                    partial purchase order shipments. (If not,
                                    please note that Cisco Systems will retain
                                    shipments until complete.)

ORIGINAL TERM:                      24 months

RENTAL FACTOR:                      The rental amount, expressed as a percentage
                                    of total equipment cost (including Soft
                                    Costs, "Equipment Cost"), is a 4.68% per
                                    month, payable on the first day of each
                                    calendar month, based on the lease rate
                                    factor of .0468

PERIODIC RENT PAYMENT:              In accordance with the pricing and
                                    configuration referenced above, the rent
                                    payment for each Rental Period ("Rent") on
                                    the lease would be the total Equipment Cost
                                    multiplied by the Lease Rate Factor.


ADVANCE PAYMENTS:                   None, but deemed acceptance of the equipment
                                    will take place 30 days after shipment of
                                    the final piece of equipment per schedule.
                                    There is no interim rent, and commencement
                                    will take place according to the date
                                    referenced above.

SOFT COSTS:                         "Soft Costs," such as shipping, taxes,
                                    installation, cabling, and software may be
                                    included in or financed by the lease, as
                                    approved by Lessor in its discretion.

NET LEASE:                          This is the net lease transaction under
                                    which all costs, including without
                                    limitation, insurance, maintenance and
                                    taxes, are paid by Lessee for the term of
                                    the lease. Manufacturer's guarantees or
                                    warranties will be passed on to Lessee.

ADJUSTMENT OF
RENTAL FACTORS:                     The rental amount quoted in this proposal
                                    will be adjusted prior to the date of
                                    preparation of any Equipment Lease Schedule
                                    to reflect changes equal to or greater than
                                    one quarter of one percent (.25%) in the
                                    weekly average of the Three Year Treasury
                                    Note Interest rate, as specified in Federal
                                    Reserve statistical release H.15 from the
                                    week preceding the date of this Proposal in
                                    the week preceding the date of preparation

<PAGE>
October 25, 1999
Page 2

                                    of the Schedule. Changes to the benchmark
                                    rate of less than one quarter of one percent
                                    (.25%) will not affect the Lease Rate Factor
                                    quoted herein. The Three Year Treasury
                                    Treasury Note H.15 statistic is publicly
                                    available on the Internet at
                                    http://www.bog.frb.fed.us/releases/h15/.

INVOICING:                          A single invoice will be furnished monthly,
                                    decalling all Lease Schedules and rental
                                    payments due. Freight charges will be added
                                    to CSC's invoice and billed to lessee with
                                    the first rental payment.

END OF LEASE OPTION:                At the end of the Original Term of the
                                    Lease. Lessee may purchase equipment for
                                    $1.00

UTILIZATION PERIOD:                 All Purchase Orders for equipment under this
                                    proposal shall be submitted no later than 90
                                    days from the date of acceptance.

DOCUMENTATION FEE:                  None

OTHER FEES:                         None

EXPIRATION DATE:                    This Proposal shall terminate 30 days from
                                    today's date.

CREDIT APPROVAL:                    This Proposal includes only a brief
                                    description of the substantive terms and
                                    conditions of the contemplated lease
                                    transactions and is not intended as a formal
                                    commitment of credit by CSC or Cisco
                                    Systems. Any funding by CSC for the purchase
                                    of equipment is subject to the ongoing
                                    credit approval of CSC (including the
                                    absence of any material adverse change in
                                    the judgment of CSC, in the business or
                                    financial condition or proposal or Lessee)
                                    and in satisfactory documentation including
                                    as described below. You agree to provide two
                                    years' audited financial statements, bank
                                    references, a completed credit application
                                    and any other required credit information
                                    along with the signed copy of this Proposal.
                                    You hereby authorize CSC and/or it's agents
                                    to make a complete credit investigation and
                                    to relate this information to others as
                                    necessary to secure credit approval.

                                    The parties acknowledge that the financing
                                    contemplated by this Proposal is subject to
                                    the above-referenced conditions and the
                                    execution and delivery of all appropriate
                                    documents (in form and substance
                                    satisfactory to CSC), including without
                                    limitation, to the extent applicable, the
                                    Master Agreement to Lessee Equipment any
                                    Schedule, Lease Assignment of Purchase
                                    Order, financing statement, legal opinion
                                    and other documents and agreements
                                    reasonably required by CSC.

                                    By signing this document, you hereby
                                    authorize CSC to order, when appropriate,
                                    for manufacture and delivery, the equipment
                                    configuration described herein (or in the
                                    attached of future purchase orders) and to
                                    file a financing statement in accordance
                                    with the Uniform Commercial Codes signed
                                    only by CSC or signed by CSC as Lessee's
                                    attorney in fact with respect to any of the
                                    Equipment.



If, for any reason, you and CSC shall fail to consummate all or any portion of
the financing contemplated by this Proposal, you shall be totally responsible
for the payment in full of the purchase price (and all related costs and
expenses, including Soft Costs), incurred by CSC or Cisco Systems associated
with any such outstanding orders. All such orders shall be subject to the
standard Terms & Conditions of Sale of Cisco Systems or a Cisco Value Added
Reseller, including but not limited to the "net 30" payment terms commencing
from date of shipment. Please indicated your acceptance of all of the terms and
conditions set forth herein by signing and dating this Proposal in the space
provided below by not later than November 25, 1999 at which item this Proposal
will expire if not accepted.


This Proposal is confidential and my not be disclosed to any person or entity
without our consent.


<PAGE>
October 25, 1999
Page 3



Thank you for the opportunity to present this Proposal. We look forward to doing
business with you. If you have any questions, please do not hesitate to call me
at 408-525-5719.

Sincerely,



Bob Nakano
CISCO SYSTEMS CAPITAL CORPORATION
170 West Tasman Drive
San Jose, Ca 95134-1706 USA
Fax:  408-527-1632
Email:  bnskano@cisco.com           ACKNOWLEDGED AND AGREED:

                                            Globeltron Communications
                                            Corporations (lessee)


                                            By: /s/ illegible
                                            -----------------
                                            Name: David Walsh

                                            Title: UP-CFO
                                            -----------------

                                            Dated: 10/25/99
                                            -----------------

                                            Lessee is/is not (CIRCLE ONE)
                                            willing to accept scheduling of
                                            partial purchase order shipments.
                                            [Note: Failure to circle either
                                            shall be deemed an instruction not
                                            to schedule partial purchase order
                                            shipments.]