AMENDMENT TO
REGISTRATION RIGHTS AGREEMENT
This Amendment (the "AMENDMENT") is entered into as of September 24,
1999 and amends that certain Registration Rights Agreement (the "AGREEMENT")
made and entered into as of the 2nd day of October, 1998 among U.S. RealTel,
Inc., an Illinois Corporation, Xxxxx X. Xxxxxxx, Xxxxxxx Corp., an Illinois
Corporation, Xxxxxxx Xxxxxxx, Xxxxxx Xxxxxxx, the Xxxxxxxx Xxxxxxx Xxxxxxx
Foundation, Jordan X. Xxxxxx, individually and as joint tenant with Xxxxxx X.
Xxxxxx, Xxxxx X. Xxxx, Xx & Co., an Indiana general partnership, the Xxxxxx
family trusts identified on the signature pages hereto, Access Financial Group,
Inc., Xxxx X. Xxxxxxx and Xxxxx Xxxx.
AGREEMENTS
For good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties hereto hereby agree as follows:
1. Section 1(d)(i) of the Agreement is hereby deleted and replaced in
its entirety by the following:
"(i) any shares of Common Stock held by, or issued to, the
parties on the date hereof and any shares of Common Stock issued
to Troon & Co., Xxxxxx X. Xxxxxx Trust GO Xxxxxxxxxx Trust,
Xxxxxx X. Xxxxxx Trust Xxxxx Xxxxxx XX Trust, Xxxxxx X. Xxxxxx
Trust Xxxxxx X. Xxxxxx, Xx. Trust, and Xxxxxx X. Xxxxxx Trust
Xxxxx X. Xxxxxx Trust ("Noteholder") which upon conversion of
that certain Convertible Promissory Note (the "Note") dated
September ___, 1999 from the Company payable to Noteholder;".
2. Upon issuance of any shares of Common Stock to Troon & Co. pursuant
to the Note, Troon & Co. shall be deemed to be and shall have all of the rights
and obligations of a "Shareholder" pursuant to the Agreement.
3. In all other respects, the Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date first set forth above.
U.S. REALTEL, INC.
By: /s/ Xxxxx X. Xxxx
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Its: Chairman of the Board
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/s/ Xxxxx X. Xxxxxx
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Xxxxx X. Xxxxxxx
Individually and on behalf of
XXXXXXX CORP.
By: /s/ Xxxxx X. Xxxxxxx
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Its: President
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/s/ Xxxxxxx Xxxxxxx
-----------------------------------------
Xxxxxxx Xxxxxxx
/s/ Xxxxxx Xxxxxxx
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Xxxxxx Xxxxxxx
XXXXXXXX XXXXXXXX XXXXXXX FOUNDATION
By: /s/ Xxxxx X. Xxxxxxx
-------------------------------------
Its: President
------------------------------------
/s/ Jordan X. Xxxxxx
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Jordan X. Xxxxxx, individually and
joint tenant, with Xxxxxx X. Xxxxxx
/s/ Xxxxxx X. Xxxxxx
-----------------------------------------
Xxxxxx X. Xxxxxx, as joint tenant
with Jordan X. Xxxxxx
/s/ Xxxxx X. Xxxx
-----------------------------------------
Xxxxx X. Xxxx
XX & CO.
By: /s/ Xxxx X. Xxxxxxx
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Its: President
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XXXXXX X. XXXXXX TRUST -
GO XXXXXXXXXX FUND
By: /s/ Xxxx X. Xxxxxxx
-------------------------------------
Xxxx X. Xxxxxxx, as Trustee
XXXXXX X. XXXXXX TRUST -
XXXXX XXXXXX XX FUND
By: /s/ Xxxx X. Xxxxxxx
-------------------------------------
Xxxx X. Xxxxxxx, as Trustee
XXXXXX X. XXXXXX TRUST -
XXXXXX X. XXXXXX XX. FUND
By: /s/ Xxxx X. Xxxxxxx
-------------------------------------
Xxxx X. Xxxxxxx, as Trustee
XXXXXX X. XXXXXX TRUST -
XXXXX X. XXXXXX FUND
By: /s/ Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx, as Trustee
ACCESS FINANCIAL GROUP, INC.
By: /s/ Xxxx X. Xxxxx
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Its: President, Capital Market
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/s/ Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx
/s/ Xxxxx Xxxx
-----------------------------------------
Xxxxx Xxxx
TROON & CO.
By: /s/ Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx, Trustee & Partner
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