EXHIBIT 10.2

                                  June 16, 1999

EXTL Investors, LLC
Attn: R. Jensen

Re:    Loan  and Note  Purchase  Agreement  dated  April 9,  1999  between  EXTL
       Investors LLC and eGlobe  Financing  Corporation and Executive  TeleCard,
       Ltd. d/b/a eGlobe, Inc. ("eGlobe") (the "Note Purchase Agreement")

Dear Mr. Jensen:

                  As you know,  eGlobe is proposing to amend its  certificate of
incorporation  to  prohibit   stockholders   from  increasing  their  percentage
ownership  above  specified  limits other than  pursuant to a qualifying  tender
offer.  The  amendment  provides for  exceptions  for  transactions  approved by
eGlobe's Board of Directors.  If an investor increases its percentage  ownership
above the specified  limits  without any exception  applying and other than by a
qualifying tender offer, eGlobe has certain redemption rights.

                  This letter is to confirm eGlobe's agreement, in the event the
amendment is adopted, to promptly seek a formal Board approval for all issuances
to EXTL Investors,  LLC upon conversion or exercise of all securities  presently
held by it or  issuable to it under  agreements  in effect as of the date hereof
(including  all  securities  issuable  under  the Note  Purchase  Agreement  and
documents and agreements referred to therein).  In addition,  eGlobe agrees that
if it  exercises  any  redemption  right that may exist under the  amendment  to
redeem any of the stock  held by EXTL  Investors,  LLC as of the date  hereof or
issuable  to EXTL  Investors,  LLC, as  described  in the prior  sentence,  such
redemption  shall be at the greater of the then fair  market  value or the price
paid by EXTL Investors for such stock.





                  This letter shall constitute an amendment to the Note Purchase
Agreement and may be relied upon by EXTL  Investors,  LLC in proceeding with the
$20 million note purchase and sale thereunder.

                                        Sincerely,

                                        EXECUTIVE TELECARD, LTD.

                                        By:  /s/ Christopher J. Vizas
                                             ------------------------------
                                             Christopher J. Vizas
                                             President and CEO

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