Document:

CARD DISTRIBUTOR AGREEMENT FIRSTUSE

This Agreement is made between _______________________________ (the The
 Company") having its principal office at Florida and Panther Com Enterprises,
 Inc. (the "The Distributor") having its principal office at 6991 NW 82nd Ave.
 Bay 11, Miami, FL 33166.

VHEREAS, The Company has the ability to offer Pre-paid Calling Card Services
which will permit the end-user to make domestic and international long distance
pre-paid calls over the Company's telecommunications Network.

VHEREAS, the Distributor desires to represent and sell on a non-exclusive basis,
the Company's Pre-paid Calling Cards in the territory of the United States of
America and Canada.

 NOW, THEREFORE, for and in consideration of mutual promises and covenants
 herein contained, the parties hereto agree as follows:

Responsibilities of the Distributor:

    1.  The Distributor  shall  accurately  represent and state the Company's
        policies to all potential and present Vendors.
    2.  The Distributor shall inform immediately the Company's sales manager of
        all problems concerning the Company's Pre-paid Calling Cards within the
        sales territory.
    3.  The Distributor shall meet with the sales manager with reasonable
        frequency to discuss sales Activity within the territory.
    4.  The Distributor shall provide the Company 30-days' notice should the
        Distributor intend to terminate this agreement.
    5.  The Distributor shall return promptly all materials and samples provided
        by the Company to the Distributor, if either party terminates this
        agreement.
    6.  The Distributor shall be responsible for all taxes relating to the sale
        of the Cards, except for taxes based solely on the Company's income. The
        Distributor shall indemnify and hold the Company harmless from all
        costs, expenses, claims, or actions arising from such taxes.
    7.  The Distributor shall not use any sales scripts, literature, promotional
        materials, advertising material, which make reference to the
        Pre-paid Calling Card without obtaining the Company's written approval
        prior to The Distributor's use of such material.
    8.  Distributor  shall  request  activation  of  Pre-paid  calling prior to
        delivering the cards to stores or end users,
    9.  Distributor  shall receive every Monday a WEEKLY  INVOICE,  including a
        first use report  ("Report") of all  the pre-paid cards activated by the
        end users during the previous week (cards activated from Monday through
        Sunday). Distributor shall pay the Company for all the cards activated
        as per Report, using the procedure described in Exhibit 1 (Distributors
        billing and payment procedure).
        Should the Distributor fail to pay any part of the weekly Invoice, the
        Distributor shall pay 1.5% per month interest on the principal due, or
        the highest rate of interest allowed by law, whichever is greater.
        Furthermore if the payment default is not cure by the following
        reporting period, the Company reserves the right to disconnect without
        further notice all the cards activated on behalf of Distributor. Any and
        all liabilities arising from the disconnection of cards shall be the
        responsibility of Distributor.
    10. Distributor shall be responsible for all the cards activated, after 180
        days from activation date Distributor shall pay for any card that has
        not reported first use, or return the cards to the Company for
        de-activation,
    11. Confidentiality: The Distributor will hold in confidence and will use
        its best efforts to cause its officers, directors, employees,
        accountants, counsel, consultants, advisors and agents to hold in
        confidence, unless compelled to disclose by judicial or administrative
        process or by the requirements of law, all Confidential Information
        concerning the Company and its affiliates which is furnished to the
        Distributor in connection with the transactions contemplated by this
        Agreement. The term "Confidential Information* shall mean all
        information, written or oral, provided by the Company or its officers,
        directors, employees, Distributors or agents to the Distributor or its
        officers, directors, employees, Distributors or agents, except to the
        extent that such information can be shown to have been (a) previously
        known on a non-confidential basis by the Distributor; (b) in the public
        domain through no fault of the Distributor; (c) later lawfully

<PAGE>

        acquired by the Distributor from sources other than The Company; or (d)
        independently developed by the Distributor without the use, directly or
        indirectly, of any Confidential Information of THE COMPANY; provided
        that the Distributor may disclose such information to its officers,
        directors, employees, accountants, counsel, consultants, advisors and
        agents in connection with the transactions contemplated by this
        Agreement, so long as such persons are informed by the Distributor of
        the confidential nature of such information and are directed by the
        Distributor to treat such information confidentially. The Distributor's
        obligation to hold any such information in confidence shall be satisfied
        if it exercises the same care with respect to such information as it
        would take to preserve the confidentiality of its own similar
        information. Upon termination of this Agreement, the Distributor will,
        and will use its efforts to cause its officers, directors, employees,
        accountants, counsel, consultants, advisors and agents to, destroy or
        deliver to the Company, upon request, all documents and other materials
        and all copies thereof obtained by the Distributor, or on its behalf,
        from the Company in connection with this Agreement that are subject to
        such confidence.

 Responsibilities of the Company:

    1.  The Company shall deliver to Distributor deactivated pre-paid calling
        cards.
    2.  The Company shall negotiate in advance of sale, the discount levels that
        it will offer for each pre-paid calling card program. Such discount
        levels shall be reflected in Exhibit 1 of this card distribution
        agreement.
    3.  The Company shall provide the Distributor with reasonable  quantities of
        printed or promotional materials, brochures,  and  any  product  samples
        required for sales purposes.
    4.  The Company shall be solely responsible for all costs associated with
        preparing the Cards, provided that, if Distributor requests custom
        modifications, such modifications shall be at the sole expense of
        Distributor.
    5.  The Company shall maintain a reasonable stock of prepaid calling cards
        and, provided Distributor is current in all payments to the Company,
        shall ship promptly all orders to the Distributor within two business
        days.
    6.  The Company shall have the right to set minimum monthly quotas.
    7.  The Company shall grant the Distributor 30-days' notice should the
        Company wish to terminate this agreement.

Additional Covenants:

    1.  The Distributor shall comply with all applicable laws and regulations
        and shall conduct its business, and shall commit no act, which would
        reflect unfavorably on the Company.
    2.  The Company shall incur no responsibility or obligation to employees,
        independent contractor or other parties utilized by the Distributor to
        perform its obligations hereunder. Such persons shall at all times
        remain employees, agents, or independent contractors of the
        Distributor.
    3.  The  Company  is  responsible  for  customer  support  services  similar
        to those it  provides  its  other distributors.
    4.  All products and services provided under this agreement are provided for
        resale to The Distributors customers. The Distributor is solely
        responsible for billing and collection from its customers. The
        Distributor is solely responsible for obtaining and maintaining all
        authorization for resale of Prepaid Calling Cards to its customers. The
        Distributor will provide such document to The Company upon request.
    5.  The Company or its authorized representative(s) may audit, upon
        reasonable notice, any or ail Distributor account information, data,
        documents, books and records pertaining to the distribution of the
        cards.
    6.  Except for the payment of money, neither party shall be liable for
        failure to perform its obligations hereunder due to causes beyond its
        control, Including but not limited to, acts of God, fire, flood, or
        other catastrophes; any laws, order, regulation, or request of the
        United States or any foreign government, or other civil or military
        authority; national emergencies, insurrections, dots, wars, or strikes,
        lock-outs, works stoppages, or other labor difficulties.
    7.  IN NO EVENT SHALL THE COMPANY BE LIABLE FOR SPECIAL, PUNITIVE, OR
        CONSEQUENTIAL DAMAGES ARISING FROM RELATIONSHIP OR THE CONDUCT OF
        BUSINESS CONTEMPLATED HEREIN. THE LIABILITY OF THE COMPANY IN ANY AND
        ALL CATEGORIES SHALL NOT IN THE AGGREGATE, $1,000.00. THE COMPANY
        SPECIFICALLY DISCLAIMS ANY OF MERCHANTABILITY OR FITNESS FOR A
        PARTICULAR PURPOSE OF THE CARDS OR ANY SERVICES SOLD HEREUNDER.
    8.  This  Agreement  shall be  construed   under  the  law  of  the State of
        Florida without  regard  to  choice  of  law  principles. Venue for all
        matters hereunder  shall be Dade County,  Florida and all  parties waive
        any other venue.
    9.  Neither party may assign or transfer all or any part of its rights under
        this agreement  without  the prior written consent of other, except that
        the Company may assign all its right and obligations to any legal entity
        controlled by or under common control with the Company.
   10.  This  agreement  is not intended to create, nor shall it be construed to
        be, a joint venture, partnership, franchise, or other form of business
        relationship. Neither party shall have, nor hold itself out as having,
        any right, power or authority to assume, create, or incur any expenses,
        liability, or obligation on behalf of other party, except as expressly
        provided herein.
   11.  This Agreement, together with the exhibits hereto, constitutes the final
        and full terms of understanding between the parties and supersedes all
        previous agreements, understandings, negotiations, and promises, whether
        written or oral, between the parties with respect to the subject matter
        hereof. Both parties have joined in drafting of this agreement and there
        shall be no presumption against either party as a result of being the
        drafter of this Agreement.
   12.  If  any  provision  of  this  Agreement  is  held invalid,  illegal  or
        unenforceable  in  any  respect,  such  provision  shall  be  treated as
        severable, leaving the remaining provisions unimpaired, provided that
        such does not  materially  prejudice  either  party in their respective
        rights  and  obligations  contained  in  valid  terms,  covenants,  or
        conditions. This  agreement  shall  be  construed in accordance with its
        fair meaning and not in favor of either party as "drafter."
   13.  This agreement shall be binding upon  the  parties and their successors
        and assigns.

Signed this         day of May, 2001.

    The Company                                  The Distributor

                                                 Panther Com Enterprises, Inc.
                                                 Tax ID#:
                                                 Contact Person:  Manuel Sanchez
                                                 Phone:  (305) 718-4467
                                                 Fax: (305) 718-4057

<PAGE>

                                    Exhibit I
                         Discount and Payment Agreement

 1.  Haiti card
          a.    Discount:
          b.    Invoice: Every Monday the Company will invoice Distributor for
                all the cards that had a first use during the prior week (Monday
                through Sunday).
          c.    Payment: Distributor  shall  pay  the  invoice  no  later  than
                Wednesday of the same week.

 2.  La Cholita
          a.    Discount:
          b.    Invoice: Every Monday the  Company  will invoice Distributor for
                all the cards that had a first use during the prior week (Monday
                through Sunday).
          c.    Payment:   Distributor  shall  pay  the  invoice  no  later than
                Wednesday of the same week.
                Payment:   Distributor  shall  pay  the  invoice  no later than
                Wednesday of the same week.

3.   La Peruana
          a.    Discount:
          b.    Invoice: Every Monday the Company will invoice Distributor for
                all the cards that had a first use during the prior week (Monday
                through Sunday).
          c.    Payment:   Distributor  shall  pay  the  invoice no later  than
                Wednesday of the same week.

 4.  Che Boludo
          a.    Discount:
          b.    Invoice:  Every  Monday the Company will invoice Distributor for
                all the cards that had a first use during the prior week (Monday
                through Sunday).
          c.    Payment:   Distributor  shall  pay  the  invoice  no  later than
                Wednesday of the same week.
                Payment:   Distributor  shall  pay  the  invoice  no  later than
                Wednesday of the same week.

5.   Milonga
          a.    Discount:
          b.    Invoice: Every Monday the Company will invoice Distributor for
                all the cards that had a first use during the prior week (Monday
                through Sunday).
          c.    Payment:   Distributor  shall  pay  the  invoice no later than
                Wednesday of the same week.

 6.  Nicaragua
          a.    Discount:
          b.    Invoice: Every Monday the Company will invoice Distributor for
                all the cards that had a first use during the prior week (Monday
                through Sunday).
         c.     Payment:   Distributor  shall  pay  the  invoice  no  later than
                Wednesday of the same week.
                Payment:   Distributor  shall  pay  the  invoice  no later than
                Wednesday of the same week.

Signed this         day of May, 2001.

    The Company                                  The Distributor

                                                 Panther Com Enterprises, Inc.
                                                 Tax ID#:
                                                 Contact Person:  Manuel Sanchez
                                                 Phone:  (305) 718-4467
                                                 Fax: (305) 718-4057TELECOMMUNICATION SERVICES AGREEMENT

                                     BETWEEN

                               (SERVICE PROVIDER)

                                       AND

                     Panther Telecommunications Corporation

                  --------------------------------------------

This Telecommunication Services Agreement ("Agreement"),  dated this 25th day of
January,   2002  (the  "Effective  Date"),  is  entered  into  by  and  between,
Communications,  Inc.,  a Texas  Corporation,  having  its  business  offices at
(Service   Provider)   ,   United   States  of   America   (""),   and   Panther
Telecommunications  Corporation  (CUSTOMER) a Florida Corporation,  with offices
located at 5255 N.W.  87th Ave.,  Suite 101,  Miami,  Florida,  United States of
America  ("CUSTOMER"),  hereinafter  individually  referred  to as  "Party"  and
collectively referred to as "Parties".

                                    RecitalS

It is agreed that the  Parties  will  connect  their  telecommunication  systems
within the United  States for the  purpose of  allowing  (Service  Provider)  to
provide  CUSTOMER with  telecommunication  services in accordance with the terms
and conditions set out herein.

1.       Description of Service

         1.1 Service Description: During the Term of this Agreement as defined
herein in section 1.2, (Service Provider) shall provide access to
telecommunication services for CUSTOMER as set forth by using the rates in
Exhibit A, attached hereto and incorporated herein by this reference
("Services"). CUSTOMER desires to purchase Carrier and Platform Services from .
It is agreed that will provide CUSTOMER with telecommunication carrier services
and debit platform services in accordance with the terms and conditions set out
herein.

         1.2  Term of Service: This Agreement shall be effective and the
Parties' obligations shall commence upon the Effective Date of this Agreement,
and this Agreement shall continue for a period of two (2) years from the
Effective Date ("Term"). By mutual consent, this Agreement may be renewed on a
month-to-month basis after the expiration of the initial Term or any subsequent
term, as may be mutually agreeable ("Renewal Term"). If either Party desires to
cancel this Agreement upon the expiration of the initial Term or any Renewal
Term, it shall give the other Party notice of its intent to cancel at least
thirty (30) days prior to the expiration of the current Term or Renewal Term.
This Agreement shall continue and remain in full force and effect until
cancelled by either party upon notice as provided herein.

         1.3  Additional Service: The Parties may agree to additional
telecommunication services during the Term of this Agreement ("Additional
Service"). Any Additional Service shall be set forth as an addendum to this
Agreement and shall otherwise be governed by the terms and conditions of this
Agreement.

         1.4  Billing Increments: Billing for all calls will be calculated
on a per call basis. All international calls, with the exception of Mexico, will
be billed in six (6) second increments and subject to a thirty (30) second
minimum charge. Calls to Mexico will be billed in one (1) minute increments. All
domestic calls will be billed in six (6) second increments and subject to six
(6) second minimum charge.
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         Customer

Initial _____   Initial _____        Confidential                   Page 1 of 10

<PAGE>

         2.       Definitions.
                  -----------

         2.1  "Domestic Services" or "Services" means local and long
distance telecommunications services originated by Pin Holders via an "800"
access number in the United States, and all telecommunications services
terminated domestically within the United States of America.

         2.2  "Prepaid Calling System" or "System" means an intelligent
network comprised of software, computer platforms, underlying transmission
switches, and other facilities that store PINs, intelligent servers, control
network access, to manage Pin account balances based on usage, inform Pin holder
of account balances and dialing instructions in multiple languages, playback
prerecorded advertising messages, and bridge calling and called stations.

         2.3. "Prepaid Calling Card" or "Card" means a PIN issued by CUSTOMER in
various denominations that contains instructions for use of the Services, the
"800" access number, and the PIN.

         2.4.  "Pin  Holder"  means  CUSTOMER's  vendees  who are the end  users
of the  prepaid  product  used to obtain Services.

         2.5  "Underlying Carrier" means the communications carrier which
may be providing international, interstate, intrastate, and "800" number
communications services to , which in turn resells the same to CUSTOMER.

         2.6  "Pricing"  means  costs  per  minute  as  outlined in the pricing
schedule set forth in "Exhibit A".

         2.7  "PIN" means a numerical sequence of random numbers issued by
CUSTOMER for each prepaid account established for each Pin Holder who has
purchased a Pin from CUSTOMER, which that PIN will be used for identification
when accessing each Pin Holder's account, and allows access to the and CUSTOMER
network.

         2.8  "Renewals or Recharges"  means the amounts that are added to cards
by Pin Holders after they are issued.

         2.9  "Custom Branding" means a voice recording heard by Pin
Holders using the Service identifying CUSTOMER's name or advertising message.

         2.10  "Retail Rate Table" means a listing of per minute rates
provided by CUSTOMER to to be added to the System for use in debiting a Pin
Holder's Card appropriately with CUSTOMER's Rate Table(s).

         2.11. "International Services" means origination from or termination to
any "011+" numbers well as any non-US location designated in the local exchange
routing guide (LERG) from Telcordia as it now exist and as it is updated from
time to time.

         2.12.    "Start of Service" means _________________, 2002.

         2.13     "Delivered"  means  provided to  CUSTOMER  from that  CUSTOMER
has been billed for the billing cycle.

         Customer

Initial _____     Initial _____     Confidential                    Page 2 of 10

<PAGE>

3.       Duties and Obligations.

         3.1  System: (Service Provider) agrees to provide CUSTOMER and/or
Pin Holders access to the System via one or more "800" access numbers delivered
by to CUSTOMER for its resale of the domestic Services and International
Services to the Pin Holders on the start of service date. CUSTOMER shall deliver
traffic estimates for 30/60/90 days not less than monthly on the first of each
month to to estimate the networks capacity. agrees (a) that services will be
available at all times (seven (7) days a week and twenty-four (24) hours per
day) except for required maintenance and system upgrades. (Service Provider)
will use its best efforts to repair the System should it experience technical
problems, and (b) in the case of underlying carrier failure, (Service Provider)
will make available alternate coverage and termination where possible and will
notify CUSTOMER at the then available rates and terms for CUSTOMER's approval
until Service is restored.

         3.2  PINS:  (Service Provider)  will be responsible for generating PINs
as  mutually  agreed  as of the date of complete  execution of this Agreement by
both Parties.

         3.3  Reports / CUSTOMER Service: agrees to provide CUSTOMER with access
to service information, billing records via web access. will define access (user
names & password) requirements for its users. Access via the web is provided as
a service to CUSTOMER. It is the responsibility of CUSTOMER to take security
precautions in protecting its proprietary information. Also, CUSTOMER must
maintain a high-speed (DSL, Cable, Fractional T, etc.) connection to the
Internet. does not warrant web access performance for dail-up connections.
CUSTOMER further agrees to have electronic media back-up copies of all such
billing records, available in  near-real-time.  (Service  Provider)
 will provide a monthly CDR with a detail of all services billed to CUSTOMER.

         3.4  Card  Production and Packaging:  CUSTOMER shall be
solely  responsible for the design, manufacture, packaging and distribution
of the Cards, transmission and protection of PINs and collection of the
wholesale purchase price of the Cards from vendors.

         3.5  Retail Rate Tables: (Service Provider) shall provide CUSTOMER with
debit processing services for all Pin Holders.  CUSTOMER is responsible for
outlining the per minute rates to  be  debited from each Pin Holder's Card when
placing calls. CUSTOMER and will provide with one or more Rate Tables, in a form
to be agreed upon by / CUSTOMER, outlining the per minute  rates  to  be debited
from each Pin Holder's Card as well as the surcharges and fees to be deducted.
At no time shall be responsible for errors or rates tables created, modified or
deleted from CUSTOMER's account. CUSTOMER shall be  responsible  for  providing
emails and faxes confirming the requests of modifications to CUSTOMER's pins and
Rate tables.

         3.6  Advertising and Collateral Material: CUSTOMER and or its customers
shall  not  utilize the name  on  any  Card,  advertising  or  collateral  sales
materials without written permission from .

         3.7  Taxes or Assessments: CUSTOMER shall be responsible for payment of
all  applicable  taxes  or  assessments  due  to  local,  state,   federal,  and
international  taxing  authorities,  including income,  sales, use, other excise
taxes  or  assessments   (including   Universal  Service  Fund  and  Dial-around
Compensation),  resulting from CUSTOMER's resale of the Services to Pin Holders.
CUSTOMER  agrees to indemnify  and hold  harmless  against any and all claims or
demands made upon or CUSTOMER as a result of CUSTOMER's  failure to properly pay
any such taxes or assessments  regardless of whether such failure was the result
--------------------------------------------------------------------------------
         Customer

Initial _____     Initial _____     Confidential                    Page 3 of 10

<PAGE>

of negligence,  gross negligence,  willful misconduct,  or fraud.  CUSTOMER will
deliver all  appropriate tax exemption  certificates,  resale  certificates  and
other related documents on a timely basis

         3.8   Wholesale Pricing: (Service Provider) agrees to provide Services
to CUSTOMER in accordance with the pricing  schedule set forth in "Exhibit A" to
this  Agreement.  will fully  account to  CUSTOMER  in its  invoices  to clearly
distinguish  between its  charges for  Services  and any taxes,  assessments  or
surcharges  added in the  determination  of all  final  invoice  amounts.  If is
notified  by an  Underlying  Carrier  that it will  impose a new  higher  local,
domestic or international  long distance rate schedule,  (Service Provider) will
notify CUSTOMER in writing immediately,  and the rate change will go into effect
three (3) days thereafter.

         3.9  Customer Service:  CUSTOMER will be responsible for providing its
own customer service  personnel for the purpose of providing  information  about
the  Services to Pin Holders  and for Renewal of Cards.  Additionally,  CUSTOMER
shall be responsible to pay all long distance  charges  associated with the long
distance services  CUSTOMER's  customer service utilizes and is billable monthly
by at the rate of cents per minute.

         3.10 Technical Support: (Service Provider) shall supply technical
assistance and System Support twenty-four (24) hours a day seven (7) days a week
including on call  personnel.  Telephone,  pagers and/or beeper numbers shall be
provided to CUSTOMER for all on-call  personnel  and in the event of any changes
in such numbers for such on-call personnel it shall be the  responsibility of to
notify  the  CUSTOMER  of  such  changes.  CUSTOMER  will  address  any  and all
complaints to the (Service Provider)'s Technical Support representative.

4.       PAYMENT AND CHARGES

         4.1   Credit Relationship:  CUSTOMER shall at all times comply with's
initial  and  continuing  credit  approval  procedures  and  policies.  (Service
Provider)   reserves  the  right  to  withhold   initiation,   partial  or  full
implementation  of service under this  Agreement  pending  initial  satisfactory
credit  review  and  approval  thereof  which  may  be  conditioned  upon  terms
specified, including, but not limited to, security for payments due hereunder in
the form of a cash deposit,  guarantee,  an Irrevocable Standby Letter of Credit
(LOC)  issued  by a US bank with  language  acceptable  to , or other  financial
statements or other indications of financial circumstances. As may be determined
by its sole  discretion  at any time,  (Service  Provider)  may require a new or
increased  deposit,  guarantee or LOC, to secure the other party's  payments for
the  term  of  the  Agreement.  Failure  to  provide  requested  security  shall
constitute a material breach of this Agreement.

         4.2  Security:  CUSTOMER  shall  maintain  on  deposit  with  : a  cash
amount  equal  to  ___NONE_________  (__%)  of the  Domestic  and  International
Services  billed the preceding  week.  Such deposit shall be adjusted to reflect
increased  or  decreased  billings  subject  to the  terms  of  this  Agreement.
Increased  deposit amounts if required shall be included in 's Tuesday  billing,
and due by wire transfer on or before 12:00 P.M EST Thursday of the same week so
long as 's billing was  received  by CUSTOMER on or before 5:00 P.M.  CST on the
prior Tuesday of the same week, or under  alternative  arrangements  approved by
(Service Provider). At no time will incurred billing cost exceed deposit levels.
In the event  CUSTOMER  fails to make the  increased  deposit  amount in full in
accordance  with this  Agreement,  (Service  Provider)  shall  have the right to
suspend  Domestic or  International  Service or  terminate  the  Agreement.  Any
decreases in required deposits shall be made by refund or offset against current
billings.  Within 60 days after  termination  of this  Agreement and  CUSTOMER's
payment  of all  amounts  due and  owing to  (Service  Provider),  shall  return
CUSTOMER's then current deposit to CUSTOMER.
--------------------------------------------------------------------------------
         Customer

Initial _____     Initial _____     Confidential                    Page 4 of 10

<PAGE>

         4.3      Terms of Payment:  (Service  Provider)  will invoice  CUSTOMER
weekly  for  Domestic  Services  and  International  Services  utilized  for the
proceeding seven (7) days ending at 11:59:59 P.M. Sunday.  Such invoiced amounts
shall be delivered on each  Tuesday to CUSTOMER.  Such amounts  shall be due and
payable,  without  deduction  or  offset  of  any  kind,  by  wire  transfer  of
immediately available funds from CUSTOMER to bank(s) designated by by 12:00 P.M.
EST. on Thursday of the same week.

         4.4  Customer's Failure to Make Payment:  Should funds not be received
by within two (2) days of  invoice  being  posted as  outlined  in section  4.3,
CUSTOMER shall be in material breach of its obligations  under this section.  In
addition  to and  cumulative  with any other  rights or  remedies  available  to
(Service  Provider),  (Service Provider) may, in its sole discretion,  apply any
prepayment, guarantee or irrevocable letter of credit to the unpaid invoice, and
either (i) terminate Service to CUSTOMER recovering the balance owed, or (ii) it
may  terminate  this  Agreement  and  recover its  damages.  In the event of any
monetary  default by CUSTOMER,  CUSTOMER shall accrue  interest in the amount of
one and one-half  percent (1.5%) per month,  or the maximum amount  permitted by
law,  whichever  is less,  on any  outstanding  sum from the date on which  such
amount  becomes  due until the date on which it is paid unless the  invoice,  or
part thereof, has been correctly disputed. Such interest shall accrue day by day
and shall not be compounded.

         4.5  Taxes and Regulatory filings:  CUSTOMER acknowledges that (Service
Provider) 'S invoices are charged  EXCLUSIVE of any taxes or fees, and CUSTOMER,
upon the execution of this  Agreement,  shall  provide with a properly  executed
certificates of exemption for all foreign,  federal,  state,  county,  and local
taxes  and fees (if any) and  shall be  responsible  for the  collection  of all
applicable  end-user taxes and fees and the remittance of such taxes and fees to
the relevant  governmental  authority.  CUSTOMER shall indemnify and defend from
and against any and all actions,  suits,  proceedings,  administrative  charges,
liens, liabilities,  claims, assessments,  fees, interest, and penalties arising
out of or in connection  with  CUSTOMER'S  failure to collect and or remit, in a
timely manner, any and all taxes or fees CUSTOMER is obligated to so collect and
remit in accordance  with its  exemption  certification  to (Service  Provider).
CUSTOMER  agrees to file its customer's,  (CUSTOMER)  Retail Rate Tables and any
other applicable information with the Federal Communications  Commission, or any
other domestic or international  regulatory authority,  as required, with a copy
delivered to (Service Provider) .

5. DISPUTED CHARGES:  Should CUSTOMER dispute any of the charges on the invoice,
it shall notify the other party of the disputed  charges not later than fourteen
days (14) from the date of invoice.  Said dispute shall set forth in writing all
details concerning the disputed charges.  In the event of a dispute,  the entire
invoice  shall be paid in  accordance  with the payment  terms set forth herein.
After  resolution of the disputed portion of the invoice,  the  adjustments,  if
any, shall be immediately  credited to the other party's account.  If any credit
dispute is not accepted or denied within  fourteen days (14) then the requesting
party may accept the credit as affirmed by the others party failure to respond.

6.       provision of information and Confidentiality

         6.1   Confidential Information:  The  parties understand and agree that
the Terms and Conditions of this Agreement,  all documents referenced (including
invoices to CUSTOMER  for Service  provided  hereunder)  herein,  communications
between  the  parties  regarding  this  Agreement  or the Service to be provided
hereunder  (including  price  quotes to CUSTOMER  for any Service  propose to be
provided or actually  provided  hereunder)  and all  information  regarding  the
customers of (Service  Provider) , as well as such  information  relevant to any
other agreement between the parties (collectively  "Confidential  Information"),
are confidential.
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         Customer

Initial _____     Initial _____     Confidential                    Page 5 of 10

<PAGE>

         6.2  Limited Disclosure: A party shall not disclose Confidential
Information unless subject to discovery or disclosure pursuant to legal process,
or to any other party other than the directors, officers, and employees of a
party or agents of a party including their respective brokers, lenders,
insurance carriers or prospective purchasers who have specifically agreed in
writing to nondisclosure of the terms and conditions hereof. Any disclosure
hereof required by legal process shall only be made after providing the
non-disclosing party with notice thereof in order to permit the non-disclosing
party to seek an appropriate protective order or exemption. Violation by a party
or its agents of foregoing provisions shall entitle the non-disclosing party, at
its option, to obtain injunctive relief without a showing of irreparable harm or
injury and without bond.

         6.3  Survival and Confidentiality:  The provisions of this
Section 6 will be effective as of the date of this Agreement and remain in full
force and effect for a period equal to the longer of: (i) one (1) year following
the effective date of this Agreement; or (ii) one (1) year following the
termination of all Service hereunder.

         6.4  Non-Circumvention: The parties to this Agreement
acknowledge that no effort shall be made to circumvent its terms in an attempt
to gain commissions, fees, remuneration's, or considerations to the benefit of
any of the parties of this Agreement, while excluding equal or agreed to
benefits to any of the other parties. Sales information consisting of prospects,
leads or direct contact provided by either party shall be held in confidence,
with the benefit of any revenue earned. Both parties agree not to circumvent the
other while utilizing sales information provided by the origination party. This
shall be binding upon the parties as well as the customers of the parties
utilizing the services contemplated herein. The parties each agree not to
circumvent, attempt to circumvent, or permit any other party or persons on their
respective behalf to circumvent each other in any way, manner or form regarding
any transactions during the term of this Agreement. Accordingly, the parties
each agree to conduct through the other party all of its transactions with any
designated party of the other during the term of this Agreement and not to
contact, call on, solicit, or take away either directly or indirectly any
designated or referred party of the other during the effective period of this
Agreement.

7.       TERMINATION:      This Agreement can be terminated:
         ------------

         7.1  If payment has not been received by the due date described
above, or any extension thereof permitted in writing by (Service Provider) , for
all charges (including transmission charges, service charges and monthly fixed
charges) billed to CUSTOMER, and or if significant changes(s) occur in
CUSTOMER'S ownership or control; and or if CUSTOMER fails to abide by all of the
terms of this Agreement hereof, including, without limitation, CUSTOMER'S
failure or refusal to provide additional security upon (Service Provider) 'S
request, and /or for any breach of this Agreement, (Service Provider) may at its
sole discretion and after no (0) days prior written notice to CUSTOMER,
terminate transmission Services in part or in whole. (Service Provider) reserves
the right to collect reasonable attorney's fees and any and all costs incurred
by (Service Provider) in the enforcement of this Agreement whether or not suit
is instituted. Nothing herein shall be construed to constitute a waiver of 'S
right to declare CUSTOMER to be in default under this Agreement on account of
such breach, or to terminate this Agreement after the no (0) days written notice
has elapsed and CUSTOMER expressly waives and relinquishes any right to receive
any notice longer than such no (0) days which may exist under any federal, state
or local law or regulation; and /or

         7.2  If is prohibited from furnishing the Service or if any
material rate or term contained herein is substantially changed by order of the
highest court of competent jurisdiction to which the matter is appealed, the
FCC, or any other federal, state or local government authority, either party may
immediately upon written notice to the other party terminate this Agreement
without liability or further obligation, except for unpaid charges as of the
effective date of such termination;
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         Customer

Initial _____     Initial _____     Confidential                    Page 6 of 10

<PAGE>

         7.3  CUSTOMER  has  no  minimum  commitment  as  to  volume  or dollar
activation amounts.

         7.4  Without affecting (Service Provider) 'S right to
compensation for services rendered, (Service Provider) , without waiving any
rights set forth in this Agreement or its Tariff, retains the right to terminate
this Agreement after the appropriate notice has been given to the CUSTOMER by ,
under any of the following circumstances:

                  (i)  If CUSTOMER becomes or is declared insolvent or
                  bankrupt, is the subject of any proceedings related to its
                  liquidation, insolvency or for the appointment of a receiver
                  or similar officer for it, makes an assignment for the benefit
                  of all or substantially all of its creditors, or enters into
                  an agreement for the composition, extension, or readjustment
                  of all or substantially all of its obligations;

         7.5  (Service Provider) may, immediately upon written notice to
CUSTOMER and after complying with the applicable requirements of this
subsection, without incurring any liability except for willful misconduct,
terminate this Agreement, or restrict, suspend, or discontinue providing its
Services, if has reason to believe that CUSTOMER and/or any of its officers,
directors, employees, contractors, agents, and/or servants has engaged or is
engaging in any unethical, illegal, and/or fraudulent use of the Services with
the intent to avoid payment of charges, including, but not limited to, the
following:

                  (i)   Violation  of  or  failure  to  comply  with  any tariff
                  regulation  governing the  furnishing  of Services; and/or

                  (ii)  Violation of or failure to comply with any federal,
                  state, or local law or regulation governing the use of the
                  Services or the resale or sharing of such Services to others;
                  and/or

                  (iii)  Placement of an extraordinarily high volume of
                  calls on CUSTOMER'S account. An extraordinarily high volume of
                  calls is the volume of calls placed in any 24-hour period
                  which, if continued at that rate for a period of one month,
                  would exceed at least three (3) times CUSTOMER'S estimated
                  monthly usage charges for that Service (as determined by the
                  lower of CUSTOMER'S designated monthly minimum usage
                  commitment for that Service, if any, or the immediately
                  preceding month's usage charges). (Service Provider) will make
                  a reasonable attempt to contact CUSTOMER by telephone and, if
                  does not receive satisfactory assurances that CUSTOMER is not
                  using the Services with the intent to avoid payment of
                  charges, (Service Provider) may terminate this Agreement or
                  restrict, suspend, or discontinue its Services; and/or

                  (iv)  Actions that are consistent with patterns of known
                  fraudulent activity, such as to indicate an intention to
                  defraud once Services are provided.

         7.6      Termination  of  this  Agreement  shall  not  affect  (Service
Provider)'S  right to compensation  for services rendered/provided.

8.       NO WARRANTIES:    THERE  ARE NO  WARRANTIES,  EXPRESSED  OR  IMPLIED,
INCLUDING  BUT NOT  LIMITED  TO ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A
PARTICULAR PURPOSE.

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         Customer

Initial _____     Initial _____     Confidential                    Page 7 of 10

<PAGE>

9. LIMITATION OF LIABILITY AND INDEMNIFICATION: Each Party agrees that the other
shall in no event be liable  for any  loss,  expense  or damage  for (i) loss of
revenue, profits, savings, business or goodwill, and (ii) exemplary,  proximate,
consequential,  or  incidental  damages  and  expenses  of any type or nature on
account of any breach or default  hereunder  by the other,  or on account of the
use,  nonuse,  or  interruption  in the provision of the Services,  except as it
applies to Section 4 above.

         9.1  Indemnification: CUSTOMER agrees to indemnify, defend, and
hold and its Affiliates free and harmless from and against any and all loss,
cost, liability, or expense (including court costs and actual fees of attorneys
and other professionals) arising out of or in connection with the Service,
including, but not limited to any such loss, cost, liability, or expense arising
out of or resulting from any claim brought by a customer or other third party
utilizing CUSTOMER'S services for any special, incidental, indirect or
consequential damages of any kind whatsoever, whether such damages arise from
the use, inability to use, failure of, defects in, the conditions of, delay in
delivery of, non-delivery of, or quality of the Service, or any component
thereof.

         9.2  Stolen PINs: CUSTOMER shall indemnify, defend and hold
harmless (Service Provider) from and against all cost, expenses, losses,
damages, claims and actions of any kind arising from or related to theft of
calls or PIN numbers that occur outside of the debit platform.

10. ENTIRE AGREEMENT:  This Agreement (including its exhibits)
supersedes and merges all prior agreements, promises, understanding, statements,
representations, warranties, indemnities and covenants and all inducements to
the making of this Agreement relied upon by either Party herein, whether written
or oral, and embodies the Parties' complete and entire agreement with respect to
the subject matter hereof. No statement or agreement, oral or written, made
before the execution of this Agreement shall vary or modify the written terms
hereof in any way whatsoever.

11.   SEVERABILITY:  In the event that any  portion of this  Agreement  is found
to be invalid,  illegal or not binding for any reason whatsoever,  the remaining
portions of this Agreement shall remain in effect and binding upon the parties.

12.   GOVERNING  LAW:  This  Agreement  shall be governed by and  construed in
accordance with the laws of the State of Texas with venue in the city of Dallas,
Texas.

13.  DISPUTE RESOLUTION: The Parties will in good faith negotiate to
resolve any dispute arising out of or relating to this Agreement promptly
between representatives who have authority to settle the controversy. Any
dispute arising out of or relating to this Agreement that have not been resolved
will be finally settled by arbitration conducted in accordance with the rules
and procedures of the American Arbitration Association.

14.  REGULATIONS: This Agreement is made expressly subject to all present
and future valid orders and regulations of any regulatory body having
jurisdiction over the subject matter hereof and to the laws of the United States
of America, any of its states, or any foreign governmental agency having
jurisdiction. In the event this Agreement, or any of its provisions, shall be
found contrary to or in conflict with any such order, rule, regulation, or law,
this Agreement shall be deemed modified to the extent necessary to comply with
any such order, rule, regulation, or law and shall be modified in such a way as
is consistent with form, intent, and purpose of the Agreement.

15.  NO AGENCY:  Neither  Party is  authorized  to act as an agent for, or legal
representative  of the other Party, and neither  Party shall have the  authority
to assume or create any  obligation on behalf of, in the name of or binding upon
the other Party.

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         Customer

Initial _____     Initial _____     Confidential                    Page 8 of 10

<PAGE>

16. FORCE MAJEURE:  The Parties' obligations under this Agreement are
subject to, and neither Party shall be liable for delays, failures to perform,
damages, losses or destruction, or malfunction of any equipment or any
consequence thereof caused or occasioned by, or due to, fire, flood, water, the
elements, labor disputes or shortages, utility curtailments, power failures,
explosions, civil disturbances, governmental actions, shortages of equipment for
supplies, unavailability of transportation, act or omission of third Parties.
(Service Provider), however shall use reasonable efforts under the circumstances
to avoid or remove such causes for non-performance and shall proceed to perform
with reasonable dispatch whenever such causes are removed or cease.

17. NO WAIVER: The failure of either Party to enforce or insist upon  compliance
with  any of the  provision  of the  Agreement  or the  waiver  thereof,  in any
instance,  shall not be construed as a general waiver or  relinquishment  of any
other provisions of the Agreement.

18.   NOTICES:   Except as to invoices as provided in Section 2.2, all notices,
requests,  demands,  and other  communications  under this Agreement shall be in
writing and shall be deemed to have been duly given on the date of  service:  If
served  personally on the party to whom notice is to be given, or within two (2)
days  after  mailing  if mailed to the party to whom  notice is to be given,  by
certified mail return receipt or overnight courier and properly addressed to the
party at the address set forth  immediately  below,  or any other address that a
party may designate by written notice to the others.

         If to :

         If to CUSTOMER:

         Panther Telecommunications Corporation
         Efrain Rodriguez
         5255 N.W. 87th Ave., Suite 101
         Miami, FL  33178
         (305) 718-4467, (305) 718-4179 fax

19.  Counterparts:  This Agreement may be executed in one or more  counterparts,
each of which  shall be  deemed an  original,  but all of which  together  shall
constitute one and the same instrument.

20.  Successors and Assigns:  This Agreement shall be binding upon and inure to
the benefit of the parties  hereto and their  respective  successors or assigns,
provided,  however,  that  CUSTOMER  shall not assign or transfer  its rights or
obligations  under this AGREEMENT  without the prior written consent of (Service
Provider) , which consent  shall not be  unreasonably  withheld or delayed,  and
further  provided that any assignment or transfer  without such consent shall be
void.

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         Customer

Initial _____     Initial _____     Confidential                    Page 9 of 10

<PAGE>

21.  Further  Acts:  Each party to this  Agreement agrees to perform any further
acts and execute and deliver any documents that may be reasonably necessary  to
carry out the provisions of this Agreement.

22. AUTHORITY: Each person executing this Agreement represents and warrants that
they have full power to enter into this  Agreement on behalf of the Party hereto
and that each Party has the full power to carry out its  respective  obligations
pursuant to this  Agreement.  Further,  each person  executing this Agreement on
behalf of a Party also  represents  and  warrants  that they have  obtained  all
corporate,  third party  approvals  necessary to enter into this  Agreement  and
carry out the transaction contemplated thereby.

23.     ATTORNEYS FEES:   The prevailing Party in any action, suit,  proceeding,
arbitration, or mediation shall be entitled to recover, in addition to any other
available remedies,  their actual fees and costs incurred in connection with the
action, suit, proceeding, arbitration or mediation.

24.   MODIFICATION OF CHARGES:  reserves the unilateral right to change, add or
delete Service offerings and/or modify charges for Service  offerings  including
those  rates  listed in all  attached  Exhibits,  upon three (3) days  notice to
CUSTOMER.  However,  in the event the CUSTOMER is in default,  or breach of this
Agreement,  may unilaterally and immediately upon written notice to the CUSTOMER
modify or amend the rates and or service on an  immediate,  zero (0) day written
notice to the CUSTOMER.

IN WITNESS WHEREOF,  the Parties acknowledge that each of the provisions of this
Agreement has been expressly  agreed to and each has caused this Agreement to be
signed and delivered by its duly authorized  officer  representatives  as of the
"Effective Date" written above.

FOR                                 FOR

By________________________          By___________________________

                                    Manuel Sanchez

Title:  President                   Title: CEO

Date________________________        Date     ______________________

            Customer

Initial ______      Initial ______    Confidential                 Page 10 of 10

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