Document:

EXHIBIT 10.54

July 16, 2003

Phone1, Inc., Phone1Globalwide, Inc. and
Globaltron Communications Corporation
100 North Biscayne Blvd, Suite 2500
Miami, Florida 33132

Ladies and Gentlemen:

     We refer to (a) the Loan Agreement (the "Loan Agreement") dated February
17, 2003, 2002, among Phone1, Inc. ("Phone1"), Phone1Globalwide, Inc.
("Global"), Globaltron Communications Corporation ("GCC") and GNB Bank Panama
S.A. ("GNB") and (b) our letter dated April 30, 2003 concerning the subject
matter hereof. Capitalized terms not otherwise defined herein shall have the
meaning ascribed to them in the Loan Agreement (the "April 30 Letter").

     We hereby advise you that we are not exercising our right to call an
earlier maturity of the Loan based upon the failure of Phone1, Global or GCC to
receive prior to July 31, 2003, a loan from any person in an amount of at least
US$5,000,000, as provided in Section 2.8 of the Loan Agreement and the April 30
Letter; provided however, that GNB reserves the right to call an earlier
maturity of the Loan under Section 2.8 of the Loan Agreement in the event that
prior to August 31, 2003, neither Phone1, Global nor GCC receives a loan from
any person in an amount of at least US$5,000,000.

     Except as provided herein, this letter agreement shall not have any effect
on any other term or provision of the Loan Agreement, which shall continue to
remain in full force and effect in accordance with its terms.

     This letter agreement shall be governed by and construed in accordance with
the laws of the State of New York, without regard to conflict of law principles.
In the event of any claim or dispute in respect to the subject matter hereof or
the rights or obligations of the parties hereto, all actions or proceedings must
be exclusively brought in the United States District Court for the Southern
District of New York or if such Court lacks subject matter jurisdiction, in the
Supreme Court of the State of New York, County of New York. Each party waives
the right to object to the exclusive jurisdiction of either of such Court or the
right to object to the venue of such Court or that such Court is an inconvenient
forum. Nothing in this letter agreement shall be deemed to constitute a general
consent to service of process or the in personam jurisdiction of the United
States District Court for the Southern District of New York, County of New York
or the Supreme Court of the State of New York for legal actions or proceedings
not related to the transactions contemplated by this letter agreement.

<PAGE>

     This letter agreement is binding upon, and shall inure to the benefit of
the parties hereto and their respective heirs, executors, administrators,
successors and assigns.

     If you are in agreement with the terms of this letter agreement, please so
indicate by signing in the space provided below.

                                                Very truly yours,

                                                GNB BANK (PANAMA) S.A.

                                                By:    /s/ Camilo Verastegui
                                                Name:  Camilo Verastegui
                                                Title: General Manager

Agreed and acknowledged:

PHONE1, INC.

By: /s/ Dario Echeverry
Name:  Dario Echeverry
Title: Chief Executive Officer

PHONE1GLOBALWIDE, INC.

By: /s/ Dario Echeverry
Name:  Dario Echeverry
Title: Chief Executive Officer

GLOBALTRON COMMUNICATIONS CORPORATION

By: /s/ Dario Echeverry
Name:  Dario Echeverry
Title: Chief Executive OfficerEXHIBIT 10.55

July 16, 2003

Phone1, Inc., Phone1Globalwide, Inc. and
Globaltron Communications Corporation
100 North Biscayne Blvd, Suite 2500
Miami, Florida 33132

Ladies and Gentlemen:

     We refer to (a) the Loan Agreement (the "Loan Agreement") dated September
30, 2002, among Phone1, Inc. ("Phone1"), Phone1Globalwide, Inc. ("Global"),
Globaltron Communications Corporation ("GCC") and GNB Bank Panama S.A. ("GNB")
and (b) our letter dated May 11, 2003 concerning the subject matter hereof.
Capitalized terms not otherwise defined herein shall have the meaning ascribed
to them in the Loan Agreement.

     GNB hereby confirms to you that we have extended the time by which Global
is required to file a registration statement pursuant to Section 2.11 of the
Loan Agreement to August 31, 2003.

     Except as provided herein, this letter agreement shall not have any effect
on any other term or provision of the Loan Agreement, which shall continue to
remain in full force and effect in accordance with its terms.

     This letter agreement shall be governed by and construed in accordance with
the laws of the State of New York, without regard to conflict of law principles.
In the event of any claim or dispute in respect to the subject matter hereof or
the rights or obligations of the parties hereto, all actions or proceedings must
be exclusively brought in the United States District Court for the Southern
District of New York or if such Court lacks subject matter jurisdiction, in the
Supreme Court of the State of New York, County of New York. Each party waives
the right to object to the exclusive jurisdiction of either of such Court or the
right to object to the venue of such Court or that such Court is an inconvenient
forum. Nothing in this letter agreement shall be deemed to constitute a general
consent to service of process or the in personam jurisdiction of the United
States District Court for the Southern District of New York, County of New York
or the Supreme Court of the State of New York for legal actions or proceedings
not related to the transactions contemplated by this letter agreement.

<PAGE>

     This letter agreement is binding upon, and shall inure to the benefit of
the parties hereto and their respective heirs, executors, administrators,
successors and assigns.

     If you are in agreement with the terms of this letter agreement, please so
indicate by signing in the space provided below.

                                                       Very truly yours,

                                                       GNB BANK (PANAMA) S.A.

                                                       By: /s/ Camilo Verastegui
                                                       Name: Camilo Verastegui
                                                       Title: General Manager

Agreed and acknowledged:

PHONE1, INC.

By: /s/ Dario Echeverry
Name:  Dario Echeverry
Title: Chief Executive Officer

PHONE1GLOBALWIDE, INC.

By: /s/ Dario Echeverry
Name:  Dario Echeverry
Title: Chief Executive Officer

GLOBALTRON COMMUNICATIONS CORPORATION

By: /s/ Dario Echeverry
Name:  Dario Echeverry
Title: Chief Executive OfficerExhibit 10.19
                                                                   -------------

                        FIRST AMENDMENT TO LOAN AGREEMENT

     THIS FIRST AMENDMENT TO THE LOAN AGREEMENT  originally dated April 25, 2002
is made  and  entered  into  this  29th day of July  2003,  by and  between  BPK
Resources Inc f/k/a Bepariko Biocom,  a Nevada  corporation (the "Borrower") and
Trident  Growth  Fund,  LP f/k/a  Gemini  Growth  Fund,  LP, a Delaware  limited
partnership (the "Lender").

                              W I T N E S S E T H :

     WHEREAS, the Borrower has borrowed from Lender $1,500,000;

     WHEREAS,  the  Borrower  has  requested  that  Lender  lend and  additional
$600,000 (the "Loan");

     WHEREAS,  Lender has agreed to make such a loan  available to Borrower upon
the terms and conditions hereinafter set forth; and

     WHEREAS,  this  Amendment  is made  pursuant to  Paragraph  9.4 of the Loan
Agreement  dated the April 2002, by and between the Borrower and the Lender (the
"Agreement" or "Loan Agreement") and Borrower represents and warrant that all of
the previous  executed  Loan  Documents  are in full force and effect  except as
specifically modified herein;

NOW, THEREFORE, it is agreed to amend and change the following provisions:

1.11 "Committed  Amount" means the principal  amount of $2,100,000  which Lender
has  agreed to lend to  Borrower  as  evidenced  by the two or more  Convertible
Notes.

1.36 "Termination Date" means the earlier of: (a) July 31, 2004; (b) the date of
the occurrence and continuance of an Event of Default (as hereinafter  defined);
(c) the date of repayment of the Loan Amount plus accrued  interest;  or (d) the
date of the Change of Control of the Borrower.

5.14  Financial  Covenants.  As of December  14, 2003 and until the  Termination
Date, the Borrower must maintain the following ratios:

     (a) Cash Interest Coverage.  Until the Termination Date, the Borrower shall
maintain a Consolidated  EBITDA ratio, based on any of the Borrower's  quarterly
financial  statements  (as determined on the last day of each fiscal quarter for
the immediately  preceding quarter),  of 2.0 or greater. The Consolidated EBITDA
ratio  is  defined  as   Consolidated   EBITDA   divided  by  Interest   Expense
(Consolidated EBITDA / Interest Expense).

<PAGE>

     (b) Cash Flow Coverage Ratio.  The ratio of (a) the Borrower's Cash Flow to
(b) the sum of (i) the Borrower's  consolidated  Interest  Expense plus (ii) the
Borrower's scheduled payments of principal (including the principal component of
Capital  Leases)  to be  paid  during  the  12  months  following  any  date  of
determination  shall  at all  times  exceed  (1)  1.5 to 1.0  for  any  date  of
determination  after December 31, 2001After  December 31, 2001,  compliance with
the ratio  will be tested as of the last day of each  month,  with Cash Flow and
Interest Expense being calculated for the twelve months then ended.

     (c) Current Ratio.  The Borrower will at all times maintain a Current Ratio
of not less than 1.5 to 1.0. The Current  Ratio shall be  calculated  and tested
quarterly as of the last day of each fiscal quarter of the Borrower.

     (d) Actual versus Budget.  The Borrower shall on a quarterly  basis achieve
75 percent of its budgeted  revenue and income.  Budget  numbers  shall be those
delivered to Lender  contemporaneously  herewith and then on an annual  calendar
basis.

7.1  Defaults.  Each of the following  shall  constitute an Event of Default (an
"Event of Default") hereunder:  (a) the failure to pay when due any principal or
interest  hereunder or under the  Convertible  Note and the  continuance of such
failure  for a period  of ten  (10)  business  days  thereafter;  (b) any  other
violation  by the Borrower of any recital,  funding  condition,  representation,
warranty,  covenant or agreement  contained  in this  Agreement or in any of the
Loan  Documents;  or any  violation  by the  Borrower  of any  recital,  funding
condition,  representation,  warranty,  covenant or  agreement  contained in any
other  document or  agreement  to which the Borrower and the Lender are parties;
(c) any change in the majority of the Board of Directors or of the management or
in the control of the Borrower which is not  contemplated in Section 5.12 herein
or  previously  approved  by the  advance  written  consent of the  Lender;  (d)
execution of any  agreement,  letter,  memorandum  of  understanding  or similar
document  relating to the transfer,  disposition or sale of all or substantially
all of the assets of the Borrower to anyone  without the approval of the Lender;
(e)  an  assignment  for  the  benefit  of  creditors  by the  Borrower;  (f) an
application  for the appointment of a receiver or liquidator for the Borrower or
any of its material  assets;  (g) an issuance of an attachment or the entry of a
judgment  against  the  Borrower  in excess  of  $50,000;  (h) a default  by the
Borrower with respect to any other  indebtedness in excess of $50,000 due to the
Lender;  (i) the  making or  sending  of a notice of  intended  bulk sale by the
Borrower;  (l)  the  issuance  of  a  determination  by  a  court  of  competent
jurisdiction that one or more Loan Documents or one or more material  provisions
of any Loan Document is unenforceable,  or the issuance of an injunction against
the  enforcement  of any such Loan Document or material  provision;  (m) Default
shall occur in the payment of any material  indebtedness  of the Borrower or its
Subsidiaries,  if any,  or default  shall  occur in  respect  of any note,  loan
agreement or credit agreement relating to any such indebtedness and such default
shall continue for more than the period of grace, if any,  specified therein and
any  such   indebtedness   shall  become  due  before  its  stated  maturity  by
acceleration of the maturity  thereof or shall become due by its terms and shall

<PAGE>

not be promptly paid or extended.  (n) upon the reasonable  determination by the
Lender that there has been a Material Adverse Effect;  and (o) the occurrence of
an  Activity  Event of Default  (as  defined in Section  8.6  herein).  Upon the
occurrence of any of the foregoing  Events of Default,  the Convertible Note and
the Loan will be considered to be in default and the entire unpaid principal sum
hereof, together with accrued interest, will at the option of the holder thereof
become  immediately  due and payable in full. Upon the occurrence of an Event of
Default,  the Borrower agrees to pay reasonable  collection  costs and expenses,
including reasonable  attorneys' fees and interest (cash only, not stock) at the
lesser of: (i) 18% per annum  (cash only,  not stock) or (ii) the  maximum  rate
allowed under  applicable  law, from the date of the default at the maximum rate
permitted by law computed on the unpaid principal balance.

FURTHER,  the parties hereto agree that the warrants  issued in connection  with
this amendment have a value of $3,300.

     IN WITNESS  WHEREOF,  the  Borrower  and the Lender  have caused this First
Amendment to be duly executed by their duly authorized  officers,  all as of the
day and year first above written.

WITNESS:                                   TRIDENT GROWTH FUND, LP
                                           By: TRIDENT MANAGEMENT, LLC, its
                                               GENERAL PARTNER

                                           By: /s/  Scott Cook
------------------------------------           ---------------
Name:                                          Scott Cook, Authorized Member

WITNESS:                                   BPK RESOURCES, INC.

                                           By: /s/  Cecile Coady
------------------------------------           -----------------
Name:                                          Cecile Coady
                                               Title

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