Document:

July 11th 2000

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

Dear Gary,

CPqD--Technologies & Systems Inc, a Delaware Company, ("CPqD") has pleasure in
providing Globaltron Communications Corporation ("Globaltron") with the
following financing proposal in support of the sale of CPqD.

Financing Terms
---------------
<TABLE>
<CAPTION>
<S>                                               <C>
Supplier                                          CPqD Technologies.

Lender                                            Banco Pine S/A.

Borrower                                          Globaltron Communications
                                                  Corporation, a Delaware
                                                  Company.

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

Contract Value License                            US$ 3,500,000 (75.11%)

Contract Value Services                           US$ 1,160,000 (24.89%)

Contract Value Total                              US$ 4,660,000 (100.00%)

Final Maturity                                    Seven years from date of each
                                                  right to use.

<PAGE>

Commencement of Loan Repayments                   Two years after the date of
                                                  the applicable license
                                                  delivery.

Interest Grace Period                             2 (two) years terms.

Down Payment                                      A down payment of 15% of the
                                                  entire Contract Value
                                                  (licenses) will be required at
                                                  the time of contract
                                                  signature, and also 15% of the
                                                  Contract Value of Services
                                                  will be required accordingly
                                                  with the implementation as per
                                                  described on the schedule.

Financed Portion of the Contract Value            US$ 3,961,000 (85%)

Interest                                          11.5% (eleven and a half
                                                  percent) a year fixed for all
                                                  period of 7 (seven years) at
                                                  the time of shipment payable
                                                  in a semi-annual installments
                                                  beginning 24 months from the
                                                  (late of contract signature.

Availability Period                               As per the dates approved by
                                                  Banco Pine, I (one) year until
                                                  July 10th, 2001.

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

Debt Instruments                                  The debt instruments
                                                  evidencing Globaltron's
                                                  obligations will be negotiable
                                                  drafts drawn by CPqD on, and
                                                  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, CPqD will present the
                                                  drafts to I3anco Pine which
                                                  will disburse (i.e.

                                        2

<PAGE>

                                                  purchase the drafts) the
                                                  principal amount of the drafts
                                                  to CPqD. In the event that,
                                                  CPqD or any other party makes
                                                  a payment to Banco Pine under
                                                  any guarantee referred to
                                                  -herein under the CPqD
                                                  Guarantee" section, Globaltron
                                                  shall be obligated to such
                                                  guarantor in the same way that
                                                  it was obligated to Banco Pine
                                                  for the full amount of
                                                  principal and interest thereon
                                                  and all other sums payable in
                                                  connection herewith.

Banco Pine Guarantees                             In order to induce Banco Pine
                                                  to make the loan under I 00%
                                                  of the financed value, it will
                                                  need to he guaranteed by
                                                  acceptable banks. The
                                                  structure below envisages CPqD
                                                  causing one or more hank
                                                  guarantees to be issued for
                                                  82.37% of the financed value,
                                                  plus interest and Globaltron
                                                  causing one or more bank
                                                  guarantees for 17.63% of the
                                                  financed value plus
                                                  interest.

                       1. CPqD Guarantee          CPqD will cause one or more
                                                  bank guarantees lo be issued,
                                                  acceptable to Banco Pine,
                                                  guaranteeing in aggregate
                                                  82.37% of the financed value.
                                                  In consideration for CPqD
                                                  causing such guarantees to be
                                                  issued, Globaltron will pay 1%
                                                  per annum of the value
                                                  guaranteed by CPqD.

                        2. Stand-by L/C(s).       Globaltron will cause a bank,
                                                  acceptable to Banco Pine, to
                                                  issue a stand-by letter(s) of
                                                  credit, in form and substance
                                                  satisfactory to Banco Pine.
                                                  Such letter(s) of credit will
                                                  be issued in the following
                                                  way: The stand-by L/C may be
                                                  issued in a value of 17.63% of
                                                  the financed value plus
                                                  interest, prior to the first
                                                  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
                                                  amortization of the loan.)

                                        3

<PAGE>

Security                                          CPqD will maintain an
                                                  exclusive first priority
                                                  security interest in the
                                                  software licenses being
                                                  financed. Such 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 shipment to Globaltron and delivery of the
Software Licenses, will include:

Down Payment                                      The down payment referred to
                                                  above.

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

Intercreditor Agreement                           Globaltron will enter into an
                                                  Intercreditor Agreement,
                                                  within an agreed period of
                                                  time (but in any event no
                                                  later than November 30, 2000);
                                                  that encompasses all debt of
                                                  Globaltron and its
                                                  subsidiaries and affiliates
                                                  deemed material by CPqD.
                                                  The Intercreditor Agreement
                                                  will address the following
                                                  issues and such additional
                                                  issues as CPqD may require,
                                                  all in a manner satisfactory
                                                  to CPqD:

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

                                        4

<PAGE>

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.

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

Supply of Other Equipment                         CPqD will require that all
                                                  other equipment he financed
                                                  upon terms and conditions
                                                  similar, or more favorable to
                                                  Globaltron, than those
                                                  provided herein. CPqD
                                                  evidences that it has revised
                                                  the E.C.1. Financing Terms and
                                                  does not find then more
                                                  favorable than this facility
                                                  and waives such rights
                                                  hereunder.

Equity Issue                                      Globaltron will have
                                                  successfully completed equity
                                                  issues in either the private
                                                  or public capital markets in
                                                  amounts satisfactory to CPqD.

                                        5

<PAGE>

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

</TABLE>

                                       6June 23, 2000

Mr. David Walsh
Globaltron Communications Corporations
Suite 2500
100 North Biscayne Blvd.
Miami, FL  33132

RE:  Proposed Equipment Financing

We are pleased to provide the following terms and conditions for your
consideration with respect to the financing requested by Globaltron
Communications Corporation.  We look forward to your comments.

Lessor:                         Gallant Capital & Finance, LLC, and its
                                assignees.

Lessee:                         Globaltron Communications Corporation or a
                                wholly owned or controlled subsidiary or
                                affiliate of Globaltron Communications
                                Corporation acceptable to Lessor. In the event
                                an affiliate or subsidiary of GlobalTron
                                Communications Corporation serves as Lessee, the
                                Lessee's obligations will be fully guaranteed by
                                Globaltron Communications Corporation.

Initial Transaction Amount:     The cost of leased equipment to be funded under
                                this financing shall be not less than
                                $13,800,000.00, to be drawn down during the
                                initial quarter.

Transaction Amount:             Lessor is willing to finance a total amount of
                                equipment of up to $20,000,000.00 under the
                                terms and conditions set forth in this proposal.

Financing Structure:            True Lease under a master lease document with
                                applicable schedules. The Lease will be an
                                irrevocable and non-cancelable net lease,
                                subject to warranty of quiet enjoyment by
                                Lessor. The Lessee will be obligated to pay all
                                costs, taxes charges, fees and expenses
                                associated with the use, possession, control and
                                operation of the leased equipment during the
                                equipment's respective lease term.

Individual Lease Schedule:      The equipment funded at each funding date will
                                be placed under an Individual Lease Schedule,
                                with rents paid monthly in advance for a term of
                                sixty months and with first months rental due at
                                the inception of the Individual Lease Schedule.
                                For good and valid consideration, Lessee shall
                                have the option to elect to structure individual
                                leases with payments in arrears. The Individual
                                Lease Schedule will become a part of the Master
                                Lease by reference.

Lease Term:                     Each Individual Lease Schedule will have a term
                                of sixty (60) months from the commencement date
                                of each respective Individual Lease Schedule.

<PAGE>

Pricing:                        The rental rate of each individual lease will be
                                a factor or 0.0100 for months one thru three and
                                .02890 for the remaining fifty-seven months (57)
                                of each Individual Lease Schedule.

Drawdowns:                      Lessor and Lessee will agree upon a proposed
                                equipment drawdown schedule, essentially as set
                                forth by Globaltron Communications Corporation.
                                (See Preliminary Equipment Draw-down Schedule
                                attached as Exhibit A). Lessor and Lessee shall
                                meet not less than quarterly to approve a
                                revised and updated Equipment Draw Down
                                Schedule, which approval may not be unreasonably
                                withheld by Lessor. Any draw down fundings not
                                utilized during a quarter, including the initial
                                quarter, may be rolled forward two quarters,
                                but, except as may be mutually agreed, Lessor's
                                commitment to fund will expire if not utilized
                                by the end of the third quarter.

Non-use Penalty:                In the event the Lessee does not utilize all of
                                the $13,800,000.00 Initial Transaction Amount,
                                Lessee will pay a 2% None-use Penalty for the
                                unused portion of the Transaction Amount.

Prepayment Penalty:             There shall be no prepayment penalty.

Takedown:                       Individual Leases may be funded no sooner than
                                June 30, 2000, and no later than September 30,
                                2000.

Equipment:                      The equipment to be financed (the "Equipment")
                                will consist of all equipment and software
                                supplied by the Vendor, under a supply agreement
                                between the Lessee and Vendor, all other
                                equipment deemed necessary in connection with
                                upgrading and installation of the Lessee's
                                facilities and other ancillary costs up to
                                $1,500,000.00 of "soft costs" associated with
                                installing such equipment and preparing it for
                                service.

Location:                       The Leased Equipment will be located and
                                installed at sites, including third-party sites,
                                to be determined by the Lessee in accordance
                                with the Lessee's business plan. The Lessor will
                                have the right to review the Lessee's rights
                                with respect to the long-term use of the
                                installation locations and to require reasonable
                                industry standard landlord waivers with respect
                                to such locations.

Vendor:                         Lucent Technologies, Inc.

Other Vendors:                  To be determined by Globaltron Communications
                                Corporation.

Vendor Guarantee:               Not applicable

Supply Agreement:               The Lessee and its Vendors have, or will enter
                                into, a Supply Agreement relative to the
                                manufacture, delivery, installation and
                                operability of the primary equipment to be
                                purchased and financed by the Lessor. Lessor
                                will have the reasonable right to review the
                                Supply Agreement and to request that the Supply
                                Agreement be assigned to the Lessor as part of
                                this proposed financing.

Change in Commitment:           In no event will the initial Transaction Amount
                                be less than $13,800,000.00. Any subsequent
                                change in the amount of Individual Lease
                                Schedules funded in excess of $20,000,000.00
                                will be subject to Lessor's prior approval and
                                may result in the recalculation or addition of
                                certain fees and rental pricing adjustments, at
                                the Lessor and Lessee's mutual agreement.

<PAGE>

Security Interest:              Lessor will be granted, as collateral, a first
                                security interest in all equipment financed
                                under Individual Lease Schedules. In the event
                                of a failure by Globaltron Communications
                                Corporation to make timely payment under the
                                terms of the Lease, or any other event of
                                default, Lessor will retain all rights to the
                                Equipment.

                              TERMINATION OPTIONS:

Purchase Options:               Upon the expiration of any Individual Lease
                                Schedule, the Lessee may elect to purchase all
                                equipment for $1. If Lessee fails to purchase
                                the equipment or exercise the Renewal Option,
                                all equipment becomes the property of the
                                Lessor.

Renewal Options:                Not applicable

                        SPECIAL CONDITIONS AND COVENANTS

Commitment Fee:                 A Proposal Deposit equal to the two advance
                                payments or $138,000.00 of the proposed lease
                                facility will be required with this
                                counter-executed Proposal. The deposit will be
                                applied on a pro-rata basis back towards the
                                first month's rent for each Equipment Financing.
                                If Secured Party completes the transaction under
                                terms substantially consistent with those
                                proposed herein and Lessee does not utilize the
                                facility by the end of the Utilization Period,
                                Secured Party will consider the Fee earned for
                                efforts expended on Debtor's behalf. If the
                                Secured Party cannot offer a commitment under
                                the terms of this proposal, the fee will be
                                refunded at the Debtor's request within 10 days
                                net of a non-refundable $1,000.00 Application
                                Processing Fee.

Transaction Costs:              There shall be no transaction costs.

Definitive Documents:           The terms and conditions under this letter shall
                                be set forth in a master lease agreement and a
                                master lease schedule to be agreed upon by the
                                parties.

Additional Comments:            This letter supersedes any and all previous
                                agreements between Lucent Technologies and
                                Globaltron Communication Corporation.

<PAGE>

If these Proposed Terms are acceptable to you, please return a signed copy of
this proposal to Gallant Capital & Finance, LLC, at 7 S. Howard St., Suite 150,
Spokane, Washington 99201 by June 24, 2000.

Sincerely,

Dennis Dimeling
Chief Executive Officer

Accepted this 27th day of June, 2000.

GlobalTron Communications Corporation

By /s/ David Walsh
   -----------------------------------
   David Walsh

Its: Vice President
     ----------------------------------

<PAGE>

news & investor info
press release

Globaltron, Lucent Technologies sign $20 million agreement to build advanced
global voice and data network

FOR RELEASE MONDAY JULY 31, 2000

Miami - Globaltron communications Corp., a wholly owned subsidiary of WinGate
Equity Group, Inc. (bb:WGEG), and Lucent Technologies (NYSE:LU) have signed a
$20 million contract for next generation communications networking equipment and
services involved in the deployment of Globaltron's international, integrated
voice and data network.

Miami based Globaltron is a next generation, ATM based telecommunications
company offering small to medium sized firms turnkey business communications
solutions on a global basis. The company will use Lucent technology to expand
its network providing Internet access, video, data, IP telephony and voice
synthesized, unified messaging services.

"We are deploying Lucent products as a key part of our emerging market
infrastructure build out, and enjoying tremendous results," said Gary P. Stukes,
Globaltron's president and chief operating officer. "This agreement with Lucent
allows us to continue our rapid growth."

Lucent will provide Globaltron with its ExchangePlus TM toll tandem,
international gateway and IP solution, and the MAX TM TNT TM wide area network
access switch -- a multiservice platform capable of seamlessly integrating dial
Internet access, voice over IP, fax over IP and virtual private network (VPN)
services.

The contract also includes Lucent's NetworkCare R Professional Services, which
will include the design, testing and installation of Globaltron's network.

"We're excited about supporting Globaltron as it rolls out its emerging
international network," said Mark Wilson, vice president - Emerging Service
Providers for Lucent. "The ExchangePlus solution and MAX TNT multiservice
platform will enable Globaltron to expand its network faster. In helping
Globaltron, we will leverage the considerable technological resources of Lucent
and Bell Labs."

Globaltron Communications Corporation, a wholly owned subsidiary of Win-Gate
Equity Group, Inc., is engaged in international communications. Globaltron is
focused on emerging markets that provide economical Competitive Local Exchange
Carrier (CLEC) entry. Globaltron has an ATM/VoIP switching network operating in
the United States, extending to eight countries, and currently has offices in
Miami, Fla., New Jersey and New York. Globaltron is a service provider of voice,
data, video and Internet services, and its long-term business plan includes
substantial network investment combined with value added service enablers
intended to support the convergence of telephony and Internet services.
Globaltron's Web site is http:www.globaltron.net.

Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs and
delivers the systems, software, silicon and services for next generation
communciations networks for service providers and enterprises. Backed by the
research and devolopment of Bell Labs, Lucent focuses on high growth areas such
as broadband and mobile Internet infrastructure; communications software'
communications semiconductor and optoelectronics; Web based enterprise solutions
that link private and public network; and professional network design and
consulting service. For more information on Lucent Technologies, visit its Web
site at http://www.lucent.com.
--------------------------------------------------------------------------------

For more information, reporters may contact:

Mickey Noah
Lucent Technologies
404-573-7099 (office)
Email:mnoah@lucent.com

Maggie Desgrottes
Globaltron Investor Relations
212-509-0982

Copyright C 2000 Lucent Technologies. Use of this site indicates you accept the
Terms of Use and the Privacy Statement. For comments or questions about this
site, contact us.

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"}]]