0001144204-07-067645 Sample Contracts

SECURITY AGREEMENT
Security Agreement • December 14th, 2007 • Atsi Communications Inc/De • Telephone communications (no radiotelephone) • New Jersey

THIS SECURITY AGREEMENT (the “Agreement”), is entered into and made effective as of October 31, 2007, by and between ATSI COMMUNICATIONS, a Nevada corporation with its principal place of business located at 3201 Cherry Ridge Drive, Suite C300, San Antonio, TX 78230 (the “Company”), and the BUYER(S) listed on the signature page hereof (the “Secured Party”, whether one or more).

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SETTLEMENT AGREEMENT
Settlement Agreement • December 14th, 2007 • Atsi Communications Inc/De • Telephone communications (no radiotelephone) • Texas

ATSI Communications, Inc., a Nevada corporation (“ATSI”), formerly a Delaware corporation, and Alfonso Torres Roqueñi, an individual residing in Mexico City, Mexico, (“Torres”) (collectively, the “Parties”), hereby enter into this Settlement Agreement (the “Settlement Agreement”).

PROMISSORY NOTE
Promissory Note • December 14th, 2007 • Atsi Communications Inc/De • Telephone communications (no radiotelephone) • Texas

This Promissory Note (“Note”) is made and entered into as of this 1st day of October, 2007 by and between ATSI Communications, Inc., a Nevada corporation ("ATSI") with its principal place of business located at 3201 Cherry Ridge, Suite C-300, San Antonio, Texas, 78230 and Dr. Alfonso Torres Roqueñi, (“Lender”) of Blvd. Miguel Avila Camacho No. 184, Piso 16, Col. Lomas de San Isidro, Mexico City, Mexico.

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