LINK INCORPORATED. By: ----------------------------------- John W. Edwards, CEO
LINK INCORPORATED. In accordance with the Warrant enclosed with this Form of Election to Purchase, the undersigned hereby irrevocably elects to purchase _____________ shares of Common Stock ("Common Stock"), $.007 par value per share, of I-Link Incorporated and , if such Holder is not utilizing the cashless exercise provisions set forth in this Warrant, encloses herewith $________ in cash, certified or official bank check or checks, which sum represents the aggregate Exercise Price (as defined in the Warrant) for the number of shares of Common Stock to which this Form of Election to Purchase relates, together with any applicable taxes payable by the undersigned pursuant to the Warrant.
LINK INCORPORATED. By: ---------------------------- Name: Title:
LINK INCORPORATED. By: By: ---------------------------- --------------------------------- Printed Name: Printed Name: Title: Title:
LINK INCORPORATED. By: ----------------------------------------- Name: Title: THE PURCHASER COUNSEL COMMUNICATIONS LLC By: ----------------------------------------- Name: Title: Exhibit 3.1 Covenants of Counsel Communications LLC
LINK INCORPORATED. By: /s/ Allan Silber -------------------------------- Name: Allan Silber Title: PRESIDENT & XXX
LINK INCORPORATED. By: ---------------------------- Name: -------------------------- Title: -------------------------
LINK INCORPORATED. By: ------------------------------ Xxxx X. Xxxxxxx, President
LINK INCORPORATED. Borrower fails to comply with any term, obligation, covenant, or condition contained in this Agreement;
LINK INCORPORATED. By: ------------------------------- Title:
I- LINK ACQUISITION CORP. By: ------------------------------- Title: WEBTOTEL INC. By: ------------------------------- Title: COUNSEL COMMUNICATIONS LLC By: ------------------------------- Title: OTHER SHAREHOLDERS OF COMPANY: DHR INTERNATIONAL By: ------------------------------- Title: --------------------------------- Hayex Xxxxxx EXHIBIT A CAPITALIZATION OF WEBTOTEL Pre-Merger Post-Merger ---------------------------- ----------- NUMBER OF % NUMBER OF WEBTOTEL OWNERSHIP OF I-LINK SHAREHOLDER SHARES WEBTOTEL SHARES ----------- ----------- ------------ ----------- COUNSEL COMMUNICATIONS LLC 132,833,042 99.89% 17,434,489 DHR International 83,154 0.06% 10,914 Hayex Xxxxxx 68,038 0.05% 8,930 ----------- ------ ----------- 132,984,233 100.00% 17,454,333 EXHIBIT B CAPITALIZATION OF I-LINK INCORPORATED FULLY-DILUTED SHARES AS OF 4/18/01 ----------------------- SHARES % ----------------------- Common Stock 28,198,092 21.8% Series N and Series C Preferred Stock 1,230,340 1.0% Serues F Warrants 408,000 0.3% Options 13,939,643 10.8% Other Warrant Holders 430,322 0.3% Winter Harbor Common Shares 5,000,000 3.9% Counsel Communications LLC Common Stock 61,966,057 48.0% Senior Secured Convertible Note(1) 17,943,179 13.9% ----------------------- Counsel Communications LLC 79,909,236 61.9% ----------------------- TOTAL FULLY DILUTED SHARES 129,115,633 100.0%
(1) Assumes full funding of Counsel $10 million Note, of which approximately $6 million is funded, plus accrued interest.
