Conversion Notice by Hispanic Telecommunications Holding S.A. to Phone1Globalwide, Inc. under Loan Agreement

Summary

Hispanic Telecommunications Holding S.A. is exercising its right, under a previously assigned Loan Agreement originally dated February 17, 2003, to convert $5,000,000 of loan principal into 12,500,000 shares of common stock of Phone1Globalwide, Inc. The notice requests that the shares be issued and delivered to Hispanic Telecommunications Holding S.A. This action is in accordance with the terms set out in the Loan Agreement and reflects a debt-to-equity conversion between the parties.

EX-10.4 6 e232262.txt CONVERSION NOTICE The undersigned, Hispanic Telecommunications Holding S.A. pursuant to the provisions of the Loan Agreement, dated as of February 17, 2003 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 Note and the Loan (as such terms are defined in the Loan Agreement) and hereby surrenders a principal amount of the Note and the Loan equal to $5,000,000, entitling the undersigned to receive 12,500,000 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. ---------------------------- By: Luxenbourg Corporation Company SA, as Managing Director By: /s/ Valerie Ingelbrecht and By: /s/ Guillaume Norkin-Saudax ------------------------------------ Name: Valerie Ingelbrecht and Guillaume Norkin-Saudax