X0202 3 2006-10-16 0 0001315255 Global Telecom & Technology, Inc. MPAQ 0001132413 MILLENCO, L.L.C. C/O MILLENNIUM MANAGEMENT, L.L.C. 666 FIFTH AVENUE, 8TH FLOOR NEW YORK NY 10103-0899 0 0 1 0 0001273087 MILLENNIUM MANAGEMENT, L.L.C. 666 FIFTH AVENUE, 8TH FLOOR NEW YORK NY 10103-0899 0 0 0 1 May be deemed as group member. 0001017456 ENGLANDER ISRAEL A C/O MILLENNIUM MANAGEMENT, L.L.C. 666 FIFTH AVENUE, 8TH FLOOR NEW YORK NY 10103-0899 0 0 0 1 May be deemed as group member. Common Stock, par value $0.0001 per share ("Common Stock") 26700 D Class W Warrant ("Class W Warrant") 5.00 2006-10-16 2010-04-10 Common Stock, par value $0.0001 per share ("Common Stock") 1018225 D Class Z Warrant ("Class Z Warrant") 5.00 2006-10-16 2012-04-10 Common Stock 528100 D Beneficial ownership reflects 20,900 shares of Common Stock, par value $0.0001 per share ("Common Stock") plus 2,900 Series B Units ("Series B Unit") of the Issuer. Each Series B Unit consists of two shares of the Issuer's Class B Common Stock ("Class B Common Stock"), one Class W Warrant ("Class W Warrant") and one Class Z Warrant ("Class Z Warrant") of the Issuer. As of 10/16/06, the Class B Common Stock of the Issuer automatically converted to the Common Stock of the Issuer. Each Class W and Class Z warrant entitles the holder to purchase one share of the Issuer's Class B Common Stock at a price of $5.00 per share. Thus, this number includes 5,800 shares of Common Stock attributable to the Series B Units. Each Class W Warrant entitles the holder to purchase one share of the Issuer's Common Stock at a price of $5.00 per share. Each Class W Warrant is exercisable on the later of the Issuer's completion of a business combination or 04/11/2006. (On 10/16/2006, the Issuer announced that it had completed the acquisition of all the outstanding shares of Global Internetworking, Inc. and European Telecommunications & Technology Limited.) The Class W Warrants will expire on 04/10/2010, or earlier upon redemption. Each Class Z Warrant entitles the holder to purchase one share of the Issuer's Common Stock at a price of $5.00 per share. Each Class Z Warrant is exercisable on the later of the Issuer's completion of a business combination or 04/11/2006. (On 10/16/2006, the Issuer announced that it had completed the acquisition of all the outstanding shares of Global Internetworking, Inc. and European Telecommunications & Technology Limited.) The Class Z Warrants will expire on 04/10/2012, or earlier upon redemption. Beneficial ownership reflects 2,900 Series B Units of the Issuer. Each Series B Unit consists of two shares of the Issuer's Class B Common Stock, one Class W Warrant and one Class Z Warrant of the Issuer. Thus, this number includes 2,900 Class W Warrants or 2,900 Class Z Warrants, as the case may be. * MILLENCO, L.L.C., By: Millennium Management, L.L.C., as Manager Terry Feeney, Chief Operating Officer 2006-10-18