Document:

[CISCO SYSTEMS
CAPITAL LOGO]

Monday, January 24, 2000

David Walsh
Globaltron Communications Corp.
100 North Biscayne Blvd.
Suite 2500
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:
<TABLE>
<CAPTION>
<S>                                        <C>
LESSOR:                                     Cisco Systems Capital Corporation

LESSEE:                                     Globaltron Communications Corp.

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

MAXIMUM EQUIPMENT COSTS:                    In the aggregate, up to $2,248,048,
                                            including softcosts

SHIP TO:                                    Location within 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:                              36 months

                                            3 monthly payments of Interest only
                                            at $21,056.90 (.0100)

                                            33 monthly payments of  $73,277.95
                                            (.0348)

MAINTENANCE:                                Cisco SmartNet Maintenance will be
                                            financed at the lease rates below:

                                            3 Monthly payments of Interest Only
                                            at $1,423.60 (.0100)

                                            9 Monthly payments of  $17,111.70
                                            (.1202)

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.

MAINTENANCE:                                When Maintenance is
                                            purchased for 3 years or
                                            more, it may be included
                                            into the lease at 0%
                                            Financing over the term of
                                            the lease. Take the cost of
                                            maintenance over the term
                                            of the lease and divide by
                                            36 to calculate the monthly
                                            payment.

NET LEASE:                                  This is a 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.

<PAGE>
January 24, 2000
Page 2

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 to the week preceding the
                                            date of preparation of the Schedule.
                                            Changes to the benchmark rate of
                                            loss 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 updated weekly by the
                                            U.S. Federal Reserve for the
                                            preceding week's average yield. The
                                            statistic is publicly available on
                                            the Internet at
                                            http://www.bog.frb.fed.us/releases/h15/.

INVOICING:                                  A single invoice will be furnished
                                            monthly, detailing 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
                                            default 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 August 1, 1999 at which item this Proposal
will expire if not accepted.

<PAGE>
January 24, 2000
Page 3

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

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 408-526-7116.

Sincerely,

Rod J. Magat                              ACKNOWLEDGED AND AGREED:
CISCO SYSTEMS CAPITAL CORPORATION
170 West Tasman Drive                     Globeltron Communications
San Jose, CA  95134-1706 USA              Corporations (lessee)
Fax:  408-527-1632
Email:  rmagat@cisco.com
                                          By:/s/ David Walsh
                                          ------------------
                                          Name: David Walsh

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

                                          Dated: 1/24/2000
                                          ------------------

                                          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.]
</TABLE>July 13th 2000

Mr. Gary Morgan
President and CEO
Globaltron Communications Corporation
45 Broadway
New York, NY

Dear Gary,

Tropico Sistemas e Telecomunicascoes. S.A. ("Tropico") has pleasure in
providing Globaltron Communications Corporation ("Globaltron") with the
following financing proposal in support of the sales of Tropico,
Accessus digital switches. This financing proposal is conditional upon
the execution of documentation satisfactory to Tropico, and Banco do
Bris S/A Proex (Banco do Brasil) or such other lender and other parties
as may participate in this transaction.

Financing Terms
---------------

Supplier                              Tropico or its subsidiary Promon
                                      Eletronica da Amazonia Ltda.

Lender                                Banco do Brasil or such other lender as
                                      Tropico at its sole discretion may select.

Borrower                              Globaltron Corporation, a Delaware Co.

Contract and Loan Currency            Legal currency of the United States of
                                      America.

Contract Value                        US $5,340,000 (100%)

Final Maturity                        Seven years from date of each shipment.

Commencement of Loan Repayments       Two years after the date of the applicable
                                      shipment.

Interest Grace Period                 None.

Down Payment                          A down payment of 15% on the value of each
                                      shipment will required.

Financed Portion of the Contract
Value                                 US $4,539,000 (85%)

                                       1
<PAGE>

Interest                              11,5% (eleven and a half percent) per
                                      year, fixed for all period of 7 (seven
                                      years) at the time of shipment payable in
                                      a simi-annual installments beginning 6
                                      months from the applicable shipping date.

Availabilty Period                    As per the dates approved by Banco do
                                      Brasil, or until January 31st, 2001.

Amortization                          In 11 (eleven) equal semi-annual
                                      installments beginning 24 months from the
                                      date of applicable shipments.

Debt Instruments                      The debt instruments evidencing
                                      Globaltron's obligations will be
                                      negotiable drafts drawn by Tropico on, an
                                      accepted by Globaltron, with aval from
                                      Win-Gate Equity Group, Inc ("Win-Gate").
                                      (Upon receipt of the drafts, which, once
                                      accepted by Globaltron are an
                                      unconditional promise by Globaltron to pay
                                      the obligation according to its terms,
                                      Tropico will present the drafts to Banco
                                      do Brasil which will disburse (i.e.
                                      purchase the drafts) the principal amount
                                      of the drafts to Tropico. In the event
                                      that Tropico, or any other party makes a
                                      payment to Banco do Brasil under any
                                      guarantee referred to herein under the
                                      "Tropico Guarantee" section, Globaltron
                                      shall be obligated to such guarantor in
                                      the same way that it was obligated to
                                      Banco do Brasil for the full amount of
                                      principal and interest thereon and all
                                      other sums payable in connection
                                      herewith.)

Banco do Brasil Guarantees            In order to induce Banco do Brasil to make
                                      the loan under 100% of the financed value
                                      will need to be guaranteed by acceptable
                                      banks. The structure below envisages
                                      Tropico causing one or more bank
                                      guarantees to be issued for 82,37% of the
                                      financed value plus interest, and
                                      Globaltron causing one or more guarantees
                                      for 17,63% of the financed value plus
                                      interest.

                                       2

<PAGE>

1. Tropico Guarantee                  Tropico will cause one or more bank
                                      guarantees to be issued, acceptable to
                                      Banco do Brasil, guaranteeing in aggregate
                                      82,37% of the financed value. In
                                      consideration for Tropico causing such
                                      guarantees to be issued, Globaltron will
                                      pay 1% per annum of the value guaranteed
                                      by Tropico.

2. Stand-by L/C(s).                   Globaltron will cause a bank, acceptable
                                      to Banco do Brasil, to issue a stand-by
                                      letter(s) of credit, in form and substance
                                      satisfactory to Banco do Brasil. Such
                                      letter(s) of credit may be issued in one
                                      of the following two ways:
                                      i) The stand-by L/C may be issued in a
                                      value of 17,63% of the financed value plus
                                      interest, prior to each shipment being
                                      made, and be valid until final maturity of
                                      the loan(s) outstanding. (It is understood
                                      that the value of the L/C will decline in
                                      proportion with the mortization of the
                                      loan.)
                                      ii) The issuing bank may issue a
                                      commitment letter, acceptable to Banco do
                                      Brasil stating that it will issue standby
                                      letters of credit, one prior to each
                                      shipment, in the amount equal to 17,63% of
                                      the financed value plus interest of each
                                      shipment.

Security                              Tropico will maintain an exclusive first
                                      priority security interest in the
                                      equipment software licenses being
                                      financed. Such equipment and software will
                                      not be subject to any other pledge,
                                      charge, encumbrance or lien (including
                                      without limitation, landlord liens) of any
                                      nature whatsoever. The security will also
                                      include the additional collateral referred
                                      to below.

Conditions precedent for the first shipment to Globaltron (referred to as the
First, Second and Third Deployment Group in the Purchase and Sale Agreement
dated July 8, 2000) and delivery of equipment and software licenses, will
include:

                                       3

<PAGE>

Down Payment                          The down payment referred to above.

Consents                              Globaltron will secure from other
                                      creditors and third parties, where
                                      necessary, consent to incur the
                                      indebtedness contemplated herein.

Intercreditor Agreement               Globaltron will enter into an
                                      Intercreditor Agreement, within and agreed
                                      period of time (but in any event no later
                                      than the earlier to occur of: (i) November
                                      30, 2000; or five days before the third
                                      shipment [referred to as the Third
                                      Deployment Group in the Purchase and Sale
                                      Agreement, dated July 8, 2000]), that
                                      encompasses all debt of Globaltron and its
                                      subsidiaries and affiliates deemed
                                      material by Tropico. The Intercreditor
                                      Agreement will address the following
                                      issues and such additional issues as
                                      Tropico may require, all in a manner
                                      satisfactory to Tropico.

                                             >  Amortizations.
                                             >  Security pool.
                                             >  Excess cash flow.
                                             >  Requirement for and uses of
                                                additional equity.
                                             >  Other guarantees.
                                             >  Other permitted indebtedness.
                                             >  Capex allowable per annum.

Security for Creditor Parties to
Intercreditor Agreement               The security pool for creditors under the
                                      Intercreditor Agreement will include pari
                                      pasu condition with ECI Telecom agreement.

No Default                            No default or event of default shall have
                                      occurred under the purchase contract, the
                                      financing documents or any related
                                      document or agreement.

                                       4
<PAGE>

Financing Documentation               All relevant parties will have entered
                                      into all financing documentation deemed
                                      necessary or desirable by Tropico, and/or
                                      Banco do Brasil. Such documentation will
                                      include, without limitation, such
                                      representations and warranties,
                                      affirmative and negative convenants
                                      financial and other information reporting
                                      obligations. and other provisions as
                                      Tropico, or Banco do Brasil may require.

Conditions precedent to the first shipment of equipment related to the Fourth
Deployment Group in the Purchase and Sale Agreement, dated July 8,2000, will
include the following:

Supply of Other Equipment             Tropico will require that all other
                                      equipment purchased or to be purchased by
                                      Glboaltron be financed upon terms and
                                      conditions similar, or more favorable to
                                      Globaltron, than those provide herein.
                                      Tropico evidences that it have revised the
                                      E.C.I. Financing Terms and does not find
                                      then more favourable than this facility
                                      and waives such rights hereunder.

Revenue Issue                         A percentage of 1 (one) percent on the
                                      total Revenues values of Globaltron, to be
                                      agreed upon, will be allocated to debt
                                      repayment.

Debt/Equity                           Tropico, and other creditors will agree
                                      upon a ceiling for Interloop's ability to
                                      contract debt to Equity Ratio of the
                                      Company will not exceed a ratio of 3:1,
                                      (including a short and long term debt).

Atlas communications Transaction      Tropico understand the importance to
                                      Globaltron of the acquisition/asset
                                      purchase of Atlas Communications.
                                      Globaltron will provide evidence,
                                      satisfactory to Tropico, that this
                                      acquisition/asset purchase has been
                                      successfully concluded.

Interconnection                       Globaltron will provide Tropico with
                                      satisfactory evidence concerning
                                      interconnection agreements entered into,

                                       5
<PAGE>

                                      enabling Globaltron to meet its
                                      obligations under its authorizations to
                                      operate.

Interloop                             Globaltron will provide evidence to
                                      Tropico that Interloop S.A. Nacional de
                                      Telecommunicaciones E.S.P. is providing
                                      service to clients at a level compatible
                                      with its obligations under its
                                      authorization.

                                       6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00014-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00014-of-00352.parquet"}]]