Document:

Exhibit 10.4

              Agreement with Consolidated Stewards Inc., as amended

<PAGE>
                 JOINT VENTURE AGREEMENT DATED NOVEMBER 16, 1999

BETWEEN:

         SAN JOAQUIN OIL & GAS LTD., a corporation  incorporated  under the laws
         of the State of Nevada and having an office in the City of Calgary,  in
         the Province of Alberta ("San Joaquin")

         and

         CONSOLIDATED EARTH STEWARDS INC., a corporation  incorporated under the
         laws of the  Province of British  Columbia  and having an office in the
         City of Kelowna, in the Province of British Columbia ("CEW")

WHEREAS:

A.       San Joaquin is engaged in the  exploration  and  development of oil and
         gas prospects in the San Joaquin and  Sacramento  basins in California;
         and

B.       The Parties wish to make provision for the granting of a right of first
         refusal to CEW; and

C.       The  Parties  wish to provide  for the terms  under which such right of
         first refusal may be exercised; and

D.       The  Parties  wish to  provide  for the  terms of any  resulting  joint
         ventures between San Joaquin and CEW.

THE PARTIES AGREE AS FOLLOWS:

                                            ARTICLE 1 - INTERPRETATION

1.1      DEFINITIONS
In this Agreement,  unless the context otherwise  requires,  the following terms
shall have the following meanings:

"AGREEMENT" means this agreement and all schedules attached hereto.

<PAGE>

                                                         2

"INDIVIDUAL PROSPECT" means a Prospect described in a Prospect Notice.

FARMOUT AND JOINT OPERATION  AGREEMENT"  means an agreement in the form attached
hereto as Schedule "A", including the Exhibits attached thereto.

"PARTIES" means San Joaquin and CEW and "Party" means either of them.

"PRIVATE  PLACEMENT" means the private placement which was press released by CEW
on September 21, 1999.

"PROSPECT  NOTICE"  means  a  written  notification   containing  the  following
information:

         (a)      a map outlining the area covered by the Individual Prospect;
         (b)      information regarding any leases acquired to date and the cost
                  of such acquisitions; and
         (c)      the  date,  time  and  location  of  the  Presentation  to  be
                  provided.

"PROSPECTS" means all petroleum and natural gas exploration  prospects  acquired
or generated by San Joaquin in the San Joaquin and Sacramento  Basins located in
California, but shall not include:

         (a)      San  Joaquin's  interest in the Hilton  Petroleum  Greater San
                  Joaquin Basin Joint Venture LLC; or
         (b)      any oil or gas  production  acquired by San Joaquin in the San
                  Joaquin and Sacramento basins located in California.

1.2      INTERPRETATION

         (a)      The headings of the  articles  and sections of this  Agreement
                  are inserted for  convenience  of reference only and shall not
                  be used in construing or interpreting any provisions hereof.

         (b)      Whenever  the  singular or masculine or neuter is used in this
                  Agreement,  the same shall be  construed as meaning the plural
                  or feminine or body politic or corporate entity and vice versa
                  as the context or reference to the Parties may require.

<PAGE>

                                                         3

1.3      SCHEDULES

All schedules  attached hereto are incorporated  herein by reference as fully as
though contained in the body hereof. The schedules are as follows:

         (a)      Schedule "A" which is the form of Farmout  Agreement  and AAPL
                  Joint Operating Agreement.

         (b)      Schedule  "B"  which  is  the  form  of  Confidentiality   and
                  Exclusion Agreement.

Should there be a conflict  between the provision of the body of this  Agreement
and an  agreement  entered  into in the form of Schedule  "A",  the latter shall
prevail.

                       ARTICLE 2 - RIGHT OF FIRST REFUSAL

2.1      RIGHT OF FIRST REFUSAL

CEW shall have a right of first refusal to  participate  for a nineteen  percent
(19%)  share of costs in all of the  Prospects  (hereinafter  referred to as the
"ROFR") upon the terms contained herein.

2.2      TERM

Subject to Paragraph  8.1,  the ROFR shall be in  existence  for a period of two
years, from October 1, 1999 to October 1, 2001 inclusive.

2.3      CONSIDERATION

The cost of the ROFR shall be $150,000.00 in US funds which sum shall be payable
by CEW within three (3) business days of the closing of the Private Placement.

<PAGE>

                                        4

                         ARTICLE 3 - NOTICE OF PROSPECT

                              3.1 PROSPECT NOTICE

San Joaquin  shall  provide  notification  to CEW of an  Individual  Prospect by
provision of a Prospect Notice.

3.2      ELECTION OF CEW

Within one week of receipt of a Prospect Notice,  CEW must advise San Joaquin in
writing whether it elects to review the Individual Prospect.

3.3      CONFIDENTIALITY AND EXCLUSION AGREEMENT

In the event  that CEW  elects  to review  the  Individual  Prospect,  CEW shall
execute a Confidentiality and Exclusion Agreement in the form of Schedule "B".

3.4      ELECTION NOT TO REVIEW

In the event that CEW elects not to review the Individual Prospect,  San Joaquin
shall  reimburse  CEW for its share of any monies  used to  purchase  leases and
incur  seismic   expenditures   for  the   Individual   Prospect  if  any.  Such
reimbursement  shall be provided to CEW within two weeks of its  election not to
review the Individual Prospect.

3.5      CEW PROSPECTS

Nothing in this Article or in this  Agreement  shall be construed as creating an
obligation on CEW's part to show San Joaquin  prospects  that it may have in the
San Joaquin or Sacramento Basins.

<PAGE>

                                        5

               ARTICLE 4 - GEOLOGICAL AND GEOPHYSICAL PRESENTATION

4.1      SAN JOAQUIN'S OBLIGATIONS

Upon CEW electing to review an Individual  Prospect as provided for in Paragraph
3.2,  San  Joaquin  shall  provide  to CEW a review of the  Individual  Prospect
(herein referred to as the "Presentation").

4.2      VENUE

The Presentation shall take place at a location to be determined by San Joaquin.

4.3      CONTENTS OF PRESENTATION

The Presentation shall include the following:

         (a)      a  geological  and if  available,  geophysical  review  of the
                  Individual Prospect;

         (b)      a review of any petroleum  and natural gas leases  acquired to
                  date in relation to the Individual  Prospect and the status of
                  the remaining land within the Individual Prospect boundaries;

         (c)      a review of the  estimated  seismic  expenditures  required to
                  define the  Individual  Prospect  such that a test well can be
                  drilled on the Individual Prospect;

         (d)      a  summary  of  the  terms  of  earning  an  interest  in  the
                  Individual  Prospect if those terms  differ from the  standard
                  earning terms contained in Article 6 of this Agreement;

         (e)      information regarding an area of mutual interest and exclusion
                  to be established; and

         (f)      information regarding test well contract depth.

4.4      ELECTION TO PARTICIPATE

Within fourteen days of viewing the  Presentation,  CEW shall notify San Joaquin
in writing whether or not it wishes to participate in the Individual Prospect.

<PAGE>

                                        6

                       ARTICLE 5 - LAND AND SEISMIC FUNDS

5.1      LAND FUND

Within  eight (8)  business  days of the closing of the Private  Placement,  CEW
shall provide San Joaquin with the initial sum of  $130,000.00 in US funds to be
used as a land fund by San Joaquin as follows:

         (a)      the  aforementioned  sum  shall  be held by San  Joaquin  in a
                  segregated bank account and shall be used only for CEW's share
                  of costs associated with the acquisition of oil and gas leases
                  and the payment of land  rentals  and  bonuses for  Individual
                  Prospects;

         (b)      San Joaquin  may  co-mingle  funds  provided by CEW with funds
                  provided by other  participants  in  Individual  Prospects but
                  shall keep an accounting of all monies exended;

         (c)      San  Joaquin  shall be  entitled  to draw monies from the land
                  fund as necessary to acquire oil and gas leases for Individual
                  Prospects in which CEW is a participant;

         (d)      In the event that CEW's  portion of the land fund is  depleted
                  at any time below the  amount of  $30,000.00  US, San  Joaquin
                  shall notify CEW of same and CEW shall be obligated to provide
                  a further  $100,000.00  US within  one (1) month of receipt of
                  said notice, to San Joaquin;

         (e)      all  interest  accrued  in the  land  fund  shall  be for  the
                  account; and

         (f)      CEW shall have the right to audit the land fund.

5.2      SEISMIC FUND

Upon  execution  of this  agreement,  CEW  will  pay to San  Joaquin  the sum of
US$70,000 on the following terms.

         (a)      the  funds  will be  received  by San  Joaquin  and used by it
                  exclusively  toward its past and future  costs of  undertaking
                  and  completing  seismic  work or acquiring  seismic  lines on
                  Prospects; and

         (b)      the  funds  will  be an  irrevocable  payment  by CEW of  such
                  seismic costs.

<PAGE>

                                        7

Following the expenditure of the said US$70,000, San Joaquin shall notify CEW of
the same and CEW shall be  obliged  to  provide a further  US$70,000  within one
month of receipt of said notice,  which funds will be received by San Joaquin on
the following terms:

         (a)      The  aforementioned  sum  shall  be held by San  Joaquin  in a
                  segregated bank account and shall be used only for CEW's share
                  of  costs   associated  with  acquiring,   reprocessing,   and
                  conducting seismic programs over the Individual Prospects;

         (b)      San Joaquin  may  co-mingle  funds  provided by CEW with funds
                  provided by other participants in the Individual Prospects but
                  shall keep an accounting of all monies expended;

         (c)      San Joaquin  shall be entitled to draw monies from the seismic
                  fund as necessary  for seismic  expenditures  associated  with
                  Individual Prospects in which CEW is a participant;

         (d)      In the  event  that  CEW's  portion  of the  seismic  fund  is
                  depleted  at any time below the amount of  $15,000.00  US, San
                  Joaquin shall notify CEW of same and CEW shall be obligated to
                  provide  a  further  $70,000.00  US  within  one (1)  month of
                  receipt of said notice; to San Joaquin;

         (e)      all  interest  accrued  in the  seismic  fund shall be for the
                  account; and

         (f)      CEW shall have the right to audit the seismic fund.

                            ARTICLE 6 - EARNING TERMS

6.1      STANDARD TERMS AND CONDITIONS

The provisions of this Article 6 contain the standard terms and conditions  that
shall be included in the Farmout and Joint  Operating  Agreement  in the form of
Schedule "A", to be entered into by the Parties for each Individual Prospect.

6.2      COSTS

CEW shall pay nineteen per cent (19%) of the following costs for each Individual
Prospect in which it participates:

         (a)      general  and   administrative   costs   associated   with  the
                  Individual Prospect including costs incurred by Davis & Namson
                  Consulting Geologists, Canyon Oil & Gas

<PAGE>

                                        8

                  Limited Liability Company,  San Joaquin Oil & Gas Ltd. and any
                  other  parties or  entities  which  perform  services  for the
                  Individual Prospect;

         (b)      the cost of any seismic data previously acquired in connection
                  with  the  Individual  Prospect  and the  cost of any  seismic
                  program deemed necessary by San Joaquin, acting reasonably, to
                  define the  Individual  Prospect  so that the test well can be
                  drilled;

         (c)      the cost of leases acquired  covering the Individual  Prospect
                  together  with land  agent  fees,  bonus  costs and first year
                  rental payments; and

         (d)      test  well  costs  including  drilling  to  contract  depth as
                  specified  in the  Presentation,  testing,  logging,  capping,
                  abandoning or completing and equipping.

6.3      EARNING

Upon CEW  incurring  the costs  referred  to in  Paragraph  6.2, it shall earn a
fourteen  and  one-quarter  percent  (14.25%)  interest  in all leases and lands
acquired  in the  Individual  Prospect  as well as a  fourteen  and  one-quarter
percent  (14.25%)  interest  in the test  well  associaed  with  the  Individual
Prospect.

                        ARTICLE 7 - NET REVENUE INTEREST

7.1      NET REVENUE INTEREST IN LEASES

San  Joaquin  shall  attempt to provide  CEW with leases that have a net revenue
interest of seventy eight percent (78%).  However  should San Joaquin  acquire a
lease which is subject to a lessor royalty as well as gross overriding royalties
which cause the net revenue  interest to be less than 78%, San Joaquin shall not
be permitted to further reduce the net revenue  interest with a gross overriding
royalty payable to San Joaquin.

                             ARTICLE 8 - TERMINATION

8.1      TERMINATION

Nothwithstanding  Paragraph  2.2 hereof,  the ROFR shall  immediately  terminate
under any of the following circumstances:

<PAGE>

                                        9

         (a)      Where  CEW  fails to pay to San  Joaquin  the  initial  sum as
                  provided for in Paragraphs 5.1 and 5.2;

         (b)      where  CEW fails to pay to San  Joaquin  amounts  required  in
                  accordance with Paragraphs 5.1(d) and 5.2(d);

         (b)      where  CEW  elects  not  to   participate  in  two  concurrent
                  Prospects  offered by San Joaquin by way of Prospect  Notices;
                  or

         (c)      where CEW does not pay to San Joaquin,  the sum referred to in
                  Paragraph 2.3 on or before December 31, 1999.

                          ARTICLE 9 - JOINT OPERATIONS

9.1      JOINT OPERATING AGREEMENTS

Each Individual  Prospect shall be governed by a separate Farmout  Agreement and
Joint  Operating  Agreement  in the  form  set  forth  in  Schedule  "A" to this
Agreement.  A Farmout  Agreement  and Joint  Operating  Agreement in the form of
Schedule  "A" shall be executed by CEW upon its  election to  participate  in an
Individual Prospect as set forth in Paragraph 4.4.

9.2      OPERATOR

San  Joaquin  shall be the  operator  under  the  Farmout  and  Joint  Operating
Agreements referred to in Paragraph 9.1.

9.3      PARTICIPANTS

San Joaquin  shall be permitted to include other  participants  in an Individual
Prospect without the prior approval of CEW.

                    ARTICLE 10 - GENERAL CONTRACT PROVISIONS

10.1     NOTICES

<PAGE>

                                       10

All notices, requests, demands or other communications  (collectively "Notices")
by the terms hereof required or permitted to be given by one Party to the other,
or to any other  person,  shall be given in writing by  personal  delivery or by
prepaid  courier,  or by  facsimile  transmission  to such  other  party  at the
following address:

         (a)      to San Joaquin at:        53 Stratford Place SW
                                            Calgary, Alberta
                                            T3H 1H7
                                            Fax:  (403) 246-5056

         (b)      to CEW at:                700, 595 Howe Street
                                            Vancouver, British Columbia
                                            V6C 2T5

or such other  address as may be given by a Party to the other  Party  hereto in
writing from time to time.

All such  Notices  shall be deemed  to have  been  received  when  delivered  or
transmitted.

10.2     FURTHER ASSURANCES

The Parties shall sign such further and other documents,  cause such meetings to
be held,  resolutions  passed  and  by-laws  enacted,  exercise  their  vote and
influence,  do and perform and cause to be done and  performed  such further and
other acts and things as may be  necessary  or  desirable  in order to give full
effect to this Agreement and every part hereof.

10.3     TIME OF THE ESSENCE

Time shall be of the  essence  in this  Agreement  and every part  hereof and no
extension  or  variation  of this  Agreement  shall  operate as a waiver of this
provision.

10.4     ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Parties with respect
to all the  matters  herein and its  execution  has not been  induced by, nor do
either of the Parties rely upon or regard as material,  any  representations  or
writings whatsoever not incorporated herein and

<PAGE>

                                       11

made a part hereof. This Agreement may not be amended or modified in any respect
except by written instrument signed by the Parties.

10.5     ENUREMENT

This Agreement shall enure to the benefit of and be binding upon the Parties and
their   respective   legal   personal    representatives,    heirs,   executors,
administrators or successors.

10.6     ASSIGNMENT

Neither  San Joaquin  nor CEW may assign its rights and  obligations  under this
Agreement.

10.7     CURRENCY

Unless  otherwise   specifically  provided  for  herein,  all  monetary  amounts
specified  herein  shall  refer to the  lawful  money of the  United  States  of
America.

10.8     GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of
the State of California and each Party irrevocably  attorns to the non-exclusive
jurisdiction of the Courts of such State.

10.9     CALCULATION OF TIME

When  calculating a period of time within which or following which any act is to
be done  or step  taken  pursuant  to this  Agreement,  the  date  which  is the
reference date shall, unless otherwise  specifically  included,  be excluded. If
the last day of a period is not a business day, then the time period in question
shall end on the first business day following such non-business day.

<PAGE>

                                       12

10.10    SEVERABILITY

If any portion of this  Agreement is determined  to be invalid or  unenforceable
for any reason whatsoever,  that invalidity or uneforceability  shall not affect
the validity or enforceability of remaining  portions of this Agreement and such
invalid or  unenforceable  portion  shall be severed from the  remainder of this
Agreement.

IN WITNESS  WHEREOF the Parties  have  executed  this  Agreement  this 17 day of
NOVEMBER 1999.

SAN JOAQUIN OIL & GAS LTD.                      CONSOLIDATED EARTH STEWARDS INC.

Per:   /S/ J. TIMOTHY BOWES                     Per:       /S/ UNKNOWN
     ------------------------------------            -----------------
         J. Timothy Bowes
         President and Assistant Secretary      By:    DIRECTOR (ALTERNATE)
                                                     -----------------------

<PAGE>
                 THIS AMENDMENT AGREEMENT DATED FEBRUARY 8, 2000

BETWEEN:

         SAN JOAQUIN OIL & GAS LTD., a corporation  incorporated  under the laws
         of the State of Nevada and having an office at 53  Stratford  Place SW,
         Calgary, Alberta T3H 1H7. ("San Joaquin")

AND:

         CONSOLIDATED EARTH STEWARDS INC., a corporation  incorporated under the
         laws of Province of British  Columbia and having an office at the Suite
         106 - 1460 Pandosy Street, Kelowna, B.C. V1Y 1P3 ("CEW")

WHEREAS:

A.       The parties  entered into a Joint Venture  Agreement dated November 16,
         1999 (the "Joint Venture")  providing CEW with a right of first refusal
         to  participate  in the  exploration  and  development  of oil  and gas
         prospects in the San Joaquin and Sacramento basins in California;

B.       The Joint  Venture  has  secured  interests  in a number of oil and gas
         prospects in the San Joaquin and  Sacramento  basins (the  "Prospects")
         and expenditures to date total approximately US$270,000;

C.       CEW is  responsible  for 19% of the costs to date of the Joint  Venture
         calculated  to be  US$78,000  and CEW  has  advanced  US$70,000  to San
         Joaquin for exploration and development  expenditures on the Prospects;
         and

D.       The parties wish to amend the terms of the Joint Venture to suspend any
         further  obligations of CEW pending a review of developments in the San
         Joaquin and Sacramento basins.

THE PARTIES AGREE AS FOLLOWS:

1.       The terms of the Joint  Venture shall be amended to suspend any further
         obligations of CEW pending a review of  developments in the San Joaquin
         and Sacramento basins.

<PAGE>

                                       -2-

2.       CEW hereby confirms that any monies advanced to San Joaquin to date may
         be used by San  Joaquin  to pay for  any  exploration  and  development
         expenses incurred by the Joint Venture.

3.       CEW shall  advance  to San  Joaquin a further  US$8,000  to pay for its
         share of Joint Venture administrative expenses.

4.       Paragraph  2.3 of the  Joint  Venture  agreement  shall be  amended  by
         replacing  "within  (3)  business  days of the  closing of the  Private
         Placement"  to  "Within  eight (8)  business  days of CEW  electing  to
         participate in an Individual Prospect under paragraph 4.4."

5.       Paragraph  5.1 of the  Joint  Venture  agreement  shall be  amended  by
         replacing  "of  closing"  to "of  CEW  electing  to  participate  in an
         Individual Prospect under paragraph 4.4."

6.       Paragraph  5.2 of the  Joint  Venture  agreement  shall be  amended  by
         replacing  "Upon  execution  of this  agreement"  to "Within  eight (8)
         business days of CEW electing to participate in an Individual  Prospect
         under paragraph 4.4."

7.       Sub-paragraph  8.1(c) is  deleted  of the Joint  Venture  agreement  is
         deleted.

8.       The Joint  Venture  agreement  continues  in full force and effect,  as
         amended hereby.

IN WITNESS  WHEREOF the Parties have  executed this  agreement  this 14th day of
February, 2000.

SAN JOAQUIN OIL & GAS LTD.                           CONSOLIDATED EARTH STEWARDS
                                                     INC.

Per:     /S/ J. TIMOTHY BOWES                        Per:/S/DEVINDER RANDHAWA
    -------------------------------------                ---------------------
      J. Timothy Bowes,                                    Devinder Randhawa,
      President                                            President

<PAGE>EMPLOYMENT AGREEMENT

      THIS EMPLOYMENT AGREEMENT (the "Agreement"), dated as of June 1, 1999 (the
"Effective Date"), is entered into between LEE R. MONTELLARO, residing at 60
Ticonderoga Boulevard, Freehold, New Jersey 07728 ("Executive"), and GLOBAL
TELECOMMUNICATION SOLUTIONS, INC., a Delaware corporation having its principal
office at 10 Stow Road, Suite 200, Marlton, New Jersey 08053 ("Company").

      WHEREAS, Company and Executive desire to provide for the employment of
Executive by the Company on the terms set forth herein.

      IT IS AGREED:

      1. Employment, Duties and Acceptance.

            1.1 The Company hereby employs Executive as its Chief Financial
Officer and Vice President to supervise and control the day-to-day financial
affairs of the Company. In such capacity, Executive shall use his best efforts
to carry out all reasonable orders and resolutions of the Board of Directors
("Board") within the scope of the Executive's supervision and control (unless
any such order or resolution shall provide otherwise), and in general shall
perform all duties incident to the office of Chief Financial Officer and Vice
President. All of Executive's powers and authority in any capacity shall at all
times be subject to the reasonable direction and control of the Company's
President.

            1.2 The President may assign to Executive such other executive
duties for the Company or any Affiliate (as defined in Section 5.1) as are
consistent with Executive's status and responsibilities as Chief Financial
Officer and Vice President.

            1.3 Executive accepts such employment and agrees to devote
substantially all of his business time, energies and attention to the
performance of his duties. Notwithstanding anything contained in this Agreement
to the contrary, Executive may devote an insignificant amount of time to the
affairs of Paging Management, Inc. its affiliates and their respective
successors, provided that such activity does not interfere or conflict with his
duties and responsibilities as the Chief Financial Officer and Vice President of
the Company.
<PAGE>

            1.4 The office from which Executive shall perform his duties under
this Agreement shall at all times be located within 60 miles of Freehold, New
Jersey.

      2. Compensation and Benefits.

            2.1 Salary. The Company shall pay to Executive a base salary
("Salary") at the aggregate rate of $125,000 per annum commencing on the
Effective Date and terminating on October 15, 1999. In the event this Agreement
is extended after September 30, 1999 as provided in Section 3.1, then
Executive's salary shall be increased to $150,000 per annum effective October
17, 1999. Executive's Salary shall be paid in equal, periodic installments, in
accordance with the Company's normal payroll procedures applicable to its most
senior executive officers and shall be subject to withholding taxes and other
normal payroll deductions.

            2.2 Salary Increases/Bonuses.

                  2.2.1 The Board shall meet at least annually to review
Executive's performance. Based upon such review and such other factors as the
Board may consider, at the sole and absolute discretion of the Board, the Board
may determine to increase but not decrease Executive's Salary and/or to award
Executive a bonus (which bonus may be payable in cash or securities of the
Company, including, without limitation, options to purchase shares of the
Company's Common Stock) and up to $50,000, at the Board's option.
Notwithstanding the foregoing, Executive understands, acknowledges and agrees
that the Board would not be obligated, under any circumstances, to award any
such increase in salary or bonus.

            2.3 Stock Options.

                  2.3.1 (a) As additional compensation for services to be
rendered by Executive hereunder, the Company shall grant to Executive options
(the "Options") to purchase 320,000 shares of Company Common Stock at the per
share exercise prices and vesting dates set forth in the schedule below. These
Options (i) are not granted under any plan, including the Company's 1994
Performance Equity Plan; (ii) are evidenced by a Stock Option Agreement of even
date herewith between the Company and Executive; and (iii) shall remain
exercisable for a period of five years after the date of vesting, except as
otherwise set forth in the Stock Option Agreement.
<PAGE>

     Number of Options        Exercise Price       Date Exercisable
     -----------------        --------------       ----------------
     120,000                  $0.75                December 1, 1999
     120,000                  $1.25                June 1, 2000
     40,000                   $1.75                June 1, 2001
     40,000                   $2.00                June 1, 2002

                  (b) The Company agrees to include the shares underlying the
Option for sale and resale under any Form S-8 registration statement (and, if
necessary, Form S-3) filed by the Company after the execution of this Agreement,
and to maintain such registration for a period of two years longer than the end
of the vesting periods set forth below; provided the Company shall not be
obligated to maintain such registration if the Executive no longer has the right
to exercise the Option or has exercised all of the Option and no longer owns any
of the shares received upon exercise.

            2.4 Benefits. Executive shall be entitled to such medical, dental,
disability, life insurance and other benefits (the "Benefits") and perquisites
no less favorable than such as are afforded to other senior executives of the
Company generally. Executive shall be entitled to three weeks of vacation in
each calendar year and to a reasonable number of other days off for religious
and personal reasons.

            2.5 Expenses. The Company will pay or reimburse Executive for all
transportation, hotel and other expenses reasonably incurred by Executive on
business trips and for all other ordinary and reasonable out-of-pocket expenses
actually incurred by him in the conduct of the business of the Company against
reasonably detailed vouchers submitted with respect to any such expenses
approved in accordance with the Company's customary procedures applicable to its
most senior executive officers.

            2.6 Signing Bonus. The Company shall pay Executive a bonus in the
amount of $5,000 for executing this Agreement (the "Signing Bonus"). The Signing
Bonus shall be included in Executive's next payroll check after the execution of
this Agreement.

                                       3
<PAGE>

      3. Term and Termination.

            3.1 Employment Term. The term of this Agreement commences as of the
Effective Date and shall expire on September 30, 1999, unless sooner terminated
or extended as herein provided (the "Initial Term"). This Agreement shall
automatically renew for a three-year period unless either party provides the
other with at least thirty days' prior written notice of its intent to not renew
this Agreement (the "Renewal Term"). Thereafter, this Agreement shall
automatically renew for an additional one-year period unless either party
provides the other with at least six months' prior written notice of its intent
to not renew the Agreement.

            3.2 Death. If Executive dies during the term of this Agreement, this
Agreement shall thereupon terminate; provided, however, the Company shall pay to
Executive's estate and/or beneficiaries, as the case may be, the Salary earned
but not paid prior to the date of Executive's death.

            3.3 Disability. The Company, by notice to Executive, may terminate
this Agreement if Executive shall fail because of illness or incapacity to
render, for six consecutive months, services of the character contemplated by
this Agreement. Notwithstanding such termination, the Company shall pay to
Executive the Salary due Executive pursuant to Section 2.1 hereof through the
date of such notice, payable in the manner set forth in Section 2.1, less any
amount Executive receives for such period from any Company-sponsored or
Company-paid for source of insurance, disability compensation or government
program.

            3.4 Termination for Cause. The Company, by notice to Executive, may
terminate this Agreement for Cause. In the event Executive's employment is
terminated for Cause, Executive shall be entitled to the Salary earned but not
paid prior to the date of termination. Additionally, all of the options granted
to Executive hereunder shall immediately terminate. For purposes of this Section
3.4, "Cause" shall be defined as:

            (1)   habitual absence from work by the Executive, including without
                  limitation, habitual absence from the Company's offices on
                  non-Company matters that

                                       4
<PAGE>

                  interferes with the Executive's duties;

            (2)   habitual drunkenness by the Executive;

            (3)   habitual drug abuse or drug addiction by the Executive;

            (4)   the Executive maliciously denigrating in public the Company or
                  any officer, director or affiliate thereof;

            (5)   sexual harassment by the Executive which has been reasonably
                  substantial if it has been determined that such sexual
                  harassment, in fact, took place in accordance with the
                  Company's then existing policy regarding sexual harassment;

            (6)   physical destruction of substantial property or asset of the
                  Company by, or caused by, the Executive;

            (7)   appropriation of business opportunities of the Company by the
                  Executive for the direct or indirect personal gain of the
                  Executive or members of his family without the prior written
                  consent of the Board;

            (8)   the Executive causing the Company to enter into transactions
                  or arrangements with the Executive, in his capacity as an
                  individual and not as an employee of the Company, or a person
                  or entity affiliated therewith, which results in direct or
                  indirect personal gain to the Executive or members of his
                  family without the prior written consent of the Board,
                  provided, however, that this Section 3.4(8) shall not include
                  the employment of the Executive by the Company or its
                  affiliates;

            (9)   willful and malicious interference with the Company's
                  operations by the Executive;

                                       5
<PAGE>

            (10)  engagement by the Executive in any act of fraud, material
                  misappropriation of funds or assets, or embezzlement,
                  including without limitation, theft, bribery or the receipt of
                  kickbacks;

            (11)  a conviction of the Executive for, or a plea of nolo
                  contendere by the Executive to, a felony or other criminal act
                  for which the possible penalties include a prison sentence of
                  at least 1 year;

            (12)  a material breach by the Executive of the restrictive
                  covenants contained in this Agreement, or for disloyal,
                  dishonest or illegal conduct by the Executive;

            (13)  a material breach of this agreement by the Executive;

            (14)  a failure, after written notice to the Executive from the
                  Company, of the Executive to follow the reasonable directions
                  or instructions of the Board or the Company's President which
                  are consistent with the Executive's position and
                  responsibilities; or

            (15)  gross negligence by the Executive which results in material
                  harm to the Company.

      3.5 Termination Without Cause.

                  (a) Company, upon not less than 30 days written notice, may
terminate Executive's employment at any time for any reason. If Executive's
employment is terminated by the Company other than for Cause (as defined in
Section 3.4 hereof) or as a result of Executive's death or Permanent Disability
(as defined in Section 3.2 and 3.3, respectively, hereof) or if Executive
terminates his employment for Good Reason (as defined in Section 3.5(b) hereof)

                                       6
<PAGE>

prior to the end of the Term, Executive shall receive or commence receiving as
soon as practicable in accordance with the terms of this Agreement:

            (i)   such payments under applicable plans or programs, including
                  but not limited to those referred to in Section 2 hereof, to
                  which he is entitled pursuant to the terms of such plans or
                  programs through the date of termination;

            (ii)  a severance payment (the "Severance Payment"), which amount
                  shall be paid in the form of Base Salary continuation through
                  the one-year period after termination, plus the amount of any
                  bonus paid by the Company for the calendar year immediately
                  preceding the calendar year in which termination occurs;

            (iii) payment in respect of accrued by unused vacation days (the
                  "Vacation Payment") and compensation earned but not yet paid
                  (the "Compensation Payment") which amount shall be paid in a
                  cash lump sum within thirty (30) days of the date of
                  termination; and

            (iv)  continued coverage, at the Company's expense for a period of
                  12 months from the date of termination under all Employee
                  health, dental, disability and life insurance plans in which
                  the Executive participates as of the date of termination in
                  accordance with the respective terms thereof.

                  (b) For purposes of this Agreement, "Good Reason" shall mean
any of the following events (without Executive's express prior written consent)
which are not cured by the Company within thirty (30) days after the Company's
receipt of written notice indicating such breach with reasonable particularity:

            (i)   Any material breach by Company of any provision of this
                  Agreement, including any material reduction by Company of
                  Executive's duties or

                                       7
<PAGE>

                  responsibilities (except in connection with the termination of
                  Executive's employment for Cause, as a result of Permanent
                  Disability, as a result of Executive's death or by Executive
                  other than for Good Reason);

            (ii)  Moving the principal executive offices of Company or the place
                  of Executive's employment to a location 60 or more miles
                  outside of the Freehold, New Jersey area; or

            (iii) Upon a Change of Control of Company (as such term is
                  hereinafter defined), but only if Executive's employment
                  hereunder is terminated within ninety (90) days after such
                  Change of Control.

            (c) For purposes of this Agreement, a "Change in Control" shall be
deemed to have occurred if (i) there shall be consummated (A) any consolidation
or merger of the Company in which the Company is not the continuing or surviving
corporation or pursuant to which shares of the Company's Common Stock would be
converted into cash, securities or other property, other than a merger of the
Company in which the holders of the Company's Common Stock immediately prior to
the merger have substantially the same proportionate ownership of common stock
of the surviving corporation immediately after the merger, or (B) any sale,
lease, exchange or other transfer (in one transaction or a series of related
transactions) of all or substantially all the assets of the Company, or (ii) at
any time during a period of two consecutive years, individuals who at the
beginning of such period, constituted the Board of Directors of the Company
shall cease for any reason to constitute at least a majority thereof, unless the
election or the nomination for election by the Company's stockholders of each
new director during such two-year period was approved by a vote of at least
two-thirds of the directors then still in office, who were directors at the
beginning of such two-year period.

      4. Protection of Confidential Information; Non-Competition.

            4.1 Executive acknowledges that:

                                       8
<PAGE>

                  (1) As a result of his current employment with the Company,
Executive has obtained and will obtain secret and confidential information
concerning the business of the Company and/or its subsidiaries and affiliates,
(referred to collectively in this Section 4 as the "Company"), including,
without limitation, financial information, designs and other proprietary rights,
trade secrets and "know-how," customers and sources of supply ("Confidential
Information").

                  (2) The Company will suffer substantial damage that will be
difficult to compute if, during the period of his employment with the Company or
thereafter, Executive should enter a business competitive with the Company or
divulge Confidential Information.

                  (3) The provisions of this Agreement are reasonable and
necessary for the protection of the business of the Company.

            4.2 Executive agrees that he will not at any time, either during the
term of this Agreement or thereafter, divulge to any person or entity any
Confidential Information obtained or learned by him as a result of his
employment with, or prior retention by, the Company, except (a) in the course of
performing his duties hereunder, (b) with the Company's express written consent;
(c) to the extent that any such information is in the public domain other than
as a result of Executive's breach of any of his obligations hereunder; or (d)
where required to be disclosed by court order, subpoena or other government
process. If Executive shall be required to make disclosure pursuant to the
provisions of clause (d) of the preceding sentence, Executive promptly, but in
no event more than 72 hours after learning of such subpoena, court order, or
other government process, shall notify, by personal delivery or by electronic
means, confirmed by mail, the Company and, at the Company's expense, Executive
shall: (i) take all reasonably necessary and lawful steps required by the
Company to defend against the enforcement of such subpoena, court order or other
government process, and (ii) permit the Company to intervene and participate
with counsel of its choice in any proceeding relating to the enforcement
thereof.

            4.3 Upon termination of his employment with the Company, Executive
will promptly deliver to the Company (or confirm in writing that all such
information has been destroyed) all confidential memoranda, notes, records,
reports, manuals, drawings, blueprints and

                                       9
<PAGE>

other documents (and all copies thereof) relating to the business of the Company
and all property associated therewith, which he may then possess or have under
his control; provided, however, subject to Executive's obligations under this
Section 4, that Executive shall be entitled to retain copies of such documents
reasonably necessary to document his financial relationship (both past and
future) with the Company.

            4.4 During the one-year period following termination of Executive's
employment with the Company for any reason, Executive, without the prior written
permission of the Company, shall not, anywhere in the United States, (a) enter
into the employ of or render any services to any person, firm or corporation
engaged in any Competitive Business, as defined below; (b) engage in any
Competitive Business for his own account; (c) become associated with or
interested in any Competitive Business as an individual, partner, shareholder,
creditor, director, officer, principal, agent, employee, trustee, consultant,
advisor or in any other relationship or capacity; (d) employ or retain, or have
or cause any other person or entity to employ or retain, any person who was
employed or retained by the Company while Executive was employed by the Company;
or (e) solicit, interfere with, or endeavor to entice away from the Company, for
the benefit of a Competitive Business, any of its customers or other persons
with whom the Company has a contractual relationship or is otherwise doing
business or has done business during the term of this Agreement. Notwithstanding
the foregoing, nothing in this Agreement shall preclude Executive from investing
his personal assets in the securities of any corporation or other business
entity which is engaged in a Competitive Business if such securities are traded
on a national stock exchange or in the over-the-counter market and if such
investment does not result in his beneficially owning, at any time, more than
4.9% of the publicly-traded equity securities of such Competitive Business. In
the event Executive's employment is terminated by the Company without cause as
provided in Section 3.5(a) or by Executive for Good Reason as provided in
Section 3.5(b), then Executive's obligations under this Section 4.4 shall only
be in effect for so long as the Company complies with its obligation to pay
Executive in accordance with Section 3.5(a) or (b), whichever is applicable.

            4.5 If Executive commits a breach, or threatens to commit a breach,
of any of the provisions of Sections 4.2 or 4.4, the Company shall have the
right and remedy:

                                       10
<PAGE>

                  (1) to have the provisions of this Agreement specifically
enforced by any court having equity jurisdiction, it being acknowledged and
agreed by Executive that the services being rendered hereunder to the Company
are of a special, unique and extraordinary character and that any such breach or
threatened breach will cause irreparable injury to the Company and that money
damages will not provide an adequate remedy to the Company; and

                  (2) to require Executive to account for and pay over to the
Company all monetary damages suffered by the Company as the result of any
transactions constituting a breach of any of the provisions of Sections 4.2 or
4.4, and Executive hereby agrees to account for and pay over such damages to the
Company.

            Each of the rights and remedies enumerated in this Section 4.5 shall
be independent of the other, and shall be severally enforceable, and such rights
and remedies shall be in addition to, and not in lieu of, any other rights and
remedies available to the Company under law or equity.

            In connection with any legal action or proceeding arising out of
Section 4.4, the prevailing party in such action or proceeding shall be entitled
to be reimbursed by the other party for the reasonable attorneys' fees and costs
incurred by the prevailing party.

            4.6 If Executive shall violate any covenant contained in Section
4.4, the duration of such covenant so violated shall be automatically extended
for a period of time equal to the period of such violation.

            4.7 If any provision of Sections 4.2 or 4.4 is held to be
unenforceable because of the scope, duration or area of its applicability, the
tribunal making such determination shall have the power to modify such scope,
duration, or area, or all of them, and such provision or provisions shall then
be applicable in such modified form.

            4.8 The provisions of Section 4.2 shall survive the termination of
this Agreement for any reason.

                                       11
<PAGE>

      5. Definitions.

            As used in this Agreement:

            5.1 "Affiliate" shall mean any entity that, directly or indirectly,
is controlled by, controlling, or under common control with the Company.

            5.2 "Competitive Business" shall mean (i) the design, development,
sale and/or marketing of prepaid phone cards; (ii) attempt to solicit, solicit,
interfere with or endeavor to entice away from the Company any of its customers,
business or strategic partners or others with whom the Company is doing
business; or (iii) attempt to solicit or solicit any person employed by or
contracted by the Company, or any of its Affiliates, to leave their employment
or not fulfill their contractual responsibility, whether or not the employment
or contracting is full-time or temporary pursuant to a written or oral
agreement, or for a determined period or at will. Notwithstanding the foregoing,
a "Competitive Business" shall not include the business of Paging Management.
Inc. ("PMI") its affiliates so long as the sale of prepaid phone cards dose not
constitute a material part of PMI's business.

      6. Miscellaneous Provisions.

            6.1 All notices provided for in this Agreement shall be in writing,
and shall be deemed to have been duly given when delivered personally to the
party to receive the same, when transmitted by electronic means, or when sent by
a nationally recognized next-day courier, addressed to the party to receive the
same at his or its address set forth below, or such other address as the party
to receive the same shall have specified by written notice given in the manner
provided for in this Section 6.1. All notices shall be deemed to have been given
as of the date of personal delivery, transmittal or courier delivery thereof.

                                       12
<PAGE>

            If to Executive:

                  Lee R. Montellaro
                  60 Ticonderoga Boulevard
                  Freehold, New Jersey 07728
                  Marked: "Personal and Confidential"

            with a copy to:

                  Sommer & Schneider LLP
                  595 Stewart Avenue
                  Garden City, NY 11530
                  Attn: Herbert H. Sommer, Esq.

            If to the Company:

                  Global Telecommunication Solutions, Inc.
                  10 Stow Road, Suite 200
                  Marlton, New Jersey 08053
                  Attn: President

            with a copy to:

                  David Alan Miller, Esq.
                  Graubard Mollen & Miller
                  600 Third Avenue
                  New York, New York 10016

            6.2 This Agreement and the Stock Option Agreement set forth the
entire agreement of the parties relating to the employment of Executive and are
intended to supersede all prior negotiations, understandings and agreements. No
provisions of this Agreement or the Stock Option Agreement may be waived or
changed except by a writing by the party against whom such waiver or change is
sought to be enforced. The failure of any party to require performance of any
provision hereof or thereof shall in no manner affect the right at a later time
to enforce such provision.

                                       13
<PAGE>

            6.3 All questions with respect to the construction of this
Agreement, and the rights and obligations of the parties hereunder, shall be
determined in accordance with the law of the State of New Jersey.

            6.4 This Agreement shall inure to the benefit of and be binding upon
the successors and assigns of the Company. This Agreement shall not be
assignable by Executive, but shall inure to the benefit of and be binding upon
Executive's heirs and legal representatives.

            6.5 Should any provision of this Agreement become legally
unenforceable, no other provision of this Agreement shall be affected, and this
Agreement shall continue as if the Agreement had been executed absent the
unenforceable provision.

            IN WITNESS WHEREOF, the parties have executed this Agreement as of
the date first above written.

                                       /s/ Lee R. Montellaro
                                       -------------------------------------
                                       LEE R. MONTELLARO

                                       GLOBAL TELECOMMUNICATION
                                       SOLUTIONS, INC.

                                       By: /s/ Randy Cherkas
                                           ---------------------------------
                                           Randy Cherkas, President

                                       14

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