CONVERSION NOTICE
The undersigned, Hispanic Telecommunications Holding S.A. pursuant
to the provisions of the Loan Agreement, dated as of September 30, 2002 entered
into among GNB Bank Panama S.A. (the "Lender"), Phone1, Inc., Phone1Globalwide,
Inc. ("Global") and Globaltron Communications Corporation (the "Loan Agreement")
and assigned to the undersigned on September 30, 2003, hereby exercises its
right to convert the principal outstanding under the Note and the Loan (as such
terms are defined in the Loan Agreement) and hereby surrenders a principal
outstanding amount of the Note and the Loan equal to $10,000,000, entitling the
undersigned to receive 25,000,000 shares of the common stock of Global, par
value .001 per share, and requests that the certificates for such shares be
issued in the name of Hispanic Telecommunications Holding S.A. and delivered to
the undersigned as indicated by it to the transfer agent.
Dated: September 30, 2003 Hispanic Telecommunications Holding S.A.
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By: Luxenbourg Corporation Company SA,
as Managing Director
By: /s/ Xxxxxxx Xxxxxxxxxxx and
By: /s/ Xxxxxxxxx Xxxxxx-Xxxxxx
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Name: Xxxxxxx Xxxxxxxxxxx and
Xxxxxxxxx Xxxxxx-Xxxxxx
