Reverse Splits

[LandLord]

GTEL Bait and Switch R/S

BAIT and switch

As of the date of the Board's approval of the reverse split, one shareholder who has a voting right equal to 50.1% of the outstanding voting Common Stock of Globetel, authorized by written consent, the Reverse Stock Split and the
Authorization to amend the Articles of Incorporation of Globetel Communications Corp. There are currently 1,078,145,447 shares of Globetel's Common Stock outstanding.
Effectuation of the Reverse Stock Split will reduce the number of shares of Common Stock outstanding from 1,078,145,447 to approximately 71,876,364. The actual number of shares may be different due to rounding of fractional shares.
The number of authorized shares will likewise become 100,000,000. <-------THIS WAS PROMISING.
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RESOLUTION OF BOARD OF DIRECTORS OF
GLOBETEL COMMUNICATIONS CORP.
(the Corporation)
A Delaware Corporation
Adopted May 6, 2005

At a meeting of the Board of Directors of Globetel Communications Corp., a
Delaware corporation (the "Corporation"), the following resolution was passed:

RESOLVED, that the fourth article of the Certificate of Incorporation of GLOBETEL COMMUNICATIONS CORP. be amended by consolidating the issued shares of the corporation on the basis of 15 of such shares shall become one (1) share and
by amending the par value of the shares of the corporation, both issued and non-issued, from $0.00001 each before such consolidation to $0.00001 each after such consolidation; provided that no fractional shares of the corporation shall
be issued in connection with the consolidation and the number of shares to be received by a stockholder shall be rounded up or down to the nearest whole number of shares in the event that such stockholder would otherwise be entitled to receive a fractional share upon such consolidation. The total authorized
common shares shall remain 1,500,000,000. <---------SWITCH !!


Dated the 6th Day of May 6, 2005

The foregoing accurately reflects the resolution passed by the Board of Directors at the meeting thereof on the date first stated above:

Attest:
/s/ Timothy M. Huff
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Timothy M. Huff, Director
http://www.sec.gov/Archives/edgar/data/919742/000114420405015366/0001144204-05-015366.txt