0000932440-10-000040 Sample Contracts

FORM OF NOTE AMENDMENT No 2

Global Telecom & Technology, Inc. • February 12th, 2010 • Telephone communications (no radiotelephone) • Virginia

• Company
  Global Telecom & Technology, Inc.
• Filed
  February 12th, 2010
• Industry
  Telephone communications (no radiotelephone)
• Jurisdiction
  Virginia

This NOTE AMENDMENT No. 2 (this “Amendment”) is entered into as of January 14, 2010, by and among Global Telecom & Technology, Inc. (the “Company”) and the undersigned holder (the “Holder”) of the Company’s 10% promissory notes issued on October 15, 2006 and due on December 31, 2010 (the “Notes”).

NOTE AMENDMENT

Note Amendment • February 12th, 2010 • Global Telecom & Technology, Inc. • Telephone communications (no radiotelephone) • Virginia

• Contract Type
  Note Amendment
• Filed
  February 12th, 2010
• Company
  Global Telecom & Technology, Inc.
• Industry
  Telephone communications (no radiotelephone)
• Jurisdiction
  Virginia

This NOTE AMENDMENT (this “Amendment”) is entered into as of the Effective Date (as defined below) by and among Global Telecom & Technology, Inc. (the “Company”) and the holders (“Holders”) of the Company’s 10% convertible subordinated notes due on December 31, 2010 issued November 2007 (the “Notes”).