0000950133-07-004674 Sample Contracts

EXCHANGE AGREEMENT
Exchange Agreement • November 14th, 2007 • Global Telecom & Technology, Inc. • Telephone communications (no radiotelephone)

THIS EXCHANGE AGREEMENT (this “Agreement”) is made between Global Telecom & Technology, Inc. (the “Company”) and the undersigned holders (“Holders”) each of whom holds one of a series of the Company’s promissory notes due on April 30, 2008 (“2008 Notes”).

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NOTE AMENDMENT AGREEMENT
Note Amendment Agreement • November 14th, 2007 • Global Telecom & Technology, Inc. • Telephone communications (no radiotelephone)

THIS NOTE AMENDMENT AGREEMENT (this “Agreement”) is made as of the 13th day of November, 2007, between Global Telecom & Technology, Inc. (the “Company”) and the holders (“Holders”) of the Company’s 6% promissory notes due on December 29, 2008 (the “Notes”).

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