XXXX X. XXXXX
000 Xxxxxxx Xxxx
Xxxxxxxxx, Xxx Xxxxxx 00000
February 7, 2000
Mr. Xxxx Xxxxxxxx
C/o Gold & Xxxxx Transfer, S.A.
0000 00xx Xxxxxx, 0xx Xxxxx
Xxxxxxxxxx, X.X. 00000
Re: Put Option - Exercise Notice
Dear Xx. Xxxxxxxx:
Reference is made to that certain Put Agreement, dated September 21, 1999,
between and among Xxxx Xxxxx, Xxxx Xxxxxxxx, Revision LLC and Total-Tel USA
Communications, Inc. (the "Put Agreement"). Capitalized terms used in this
letter without definition shall have the meanings set forth in the Put
Agreement.
In accordance with the requirements of Section 2.2 of the Put Agreement, I
hereby give notice of the exercise of the Put Option with respect to myself.
The information required by Section 2.2(a) to (e) of the Put Agreement is as
follows:
Number of Purchase
Name of Put Holder Shares To Be Sold Price
Xxxx Xxxxx 50,000 shares $800,000.00
The purchase price payment for the above-referenced shares should be wired
directly to my account as follows:
The Chase Manhattan Bank
000 Xxxxxx Xxxxxxxx
Xxxxx Xxxxx, Xxx Xxxxxx 00000 Account No. 2820120190
ABA: 0212100086 In the name of Xxxx X. Xxxxx
Mr. Xxxx Xxxxxxxx
February 7, 2000
Page 2
I would like to suggest that the Closing for the purchase and sale
transactions listed above be held on March 8, 2000, at 10:30 a.m. at the
offices of Xxxxxxx Berlin Shereff Xxxxxxxx, LLP. Please provide me with a
draft of proposed closing documents at your earliest convenience.
Very truly yours,
/s/ Xxxx Xxxxx
Xxxx Xxxxx
FEDERAL EXPRESS(Airbill No. 806680059234)
cc: Xxxx X. XxXxxxxxxx, Esq. (Federal Express, Airbill No. 806680059245)
