LOAN AGREEMENTLoan Agreement • March 3rd, 2003 • Phone1globalwide Inc • Blank checks • New York
THIS LOAN AGREEMENT (the "Agreement") is entered into as of February 17, 2003, among Phone1, Inc. (the "Borrower"), a Florida corporation, Phone1Globalwide, Inc. ("Global") a Delaware corporation, Globaltron Communications Corporation ("GCC" and together with Global, "Guarantors") a Delaware corporation and GNB Bank Panama S.A. (the "Lender"), a bank organized under the laws of the Republic of Panama.
ContractPhone1globalwide Inc • March 3rd, 2003 • Blank checks
THIS NOTE MAY NOT BE TRANSFERRED, SOLD, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT IN ACCORDANCE WITH ALL APPLICABLE FEDERAL AND STATE SECURITIES LAWS.
SECURITY AGREEMENTSecurity Agreement • March 3rd, 2003 • Phone1globalwide Inc • Blank checks • New York
WHEREAS, pursuant to that certain Loan Agreement (which is incorporated herein by reference) dated as of the date hereof (the "Loan Agreement") by and among Lender and the Grantors, Lender has agreed to make the Loan;
