EXHIBIT 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...Phone1globalwide Inc • August 18th, 2003 • Telephone communications (no radiotelephone) • New York
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.
