XXXXXX X. XXXXXXX
45 X. Xxxxxxxx Xxxx
XX Xxx 0000
Xxxxxxx, XX 00000
(000) 000-0000
February 10, 2000
VIA FEDERAL EXPRESS
Fax (000) 000-0000
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 Xxxxxxxx, Xxxxxx Xxxxxxx, Xxx Xxxxxxx, Revision LLC,
Total-Tel USA Communications, Inc. and Foundation for the Independent Non-
Governmental Development of Space, as amended (the "Put Agreement").
Capitalized terms used in this letter without definition shall have the
meanings set forth in the Put Agreement.
I hereby give notice of the exercise of the Put Option with respect to my
Designee listed below. The information required by Sections 2.2(a) to (e) of
the Put Agreement with respect to such Put Holder is set forth below as
follows:
Number of Purchase
Name of Put Holder Shares To Be Sold Price
Xxxxxx Xxxxxxx 5,000 $80,000
---------------------------
5,000 $80,000
The purchase price payment for the above-referenced shares should be wired
directly to the account number and bank specified below:
Bank of New York
ABA: 000000000
BNF PaineWebber Inc.
000 Xxxx Xxxxxx
00xx Xxxxx
Xxx Xxxx, XX 00000
A/C 8900114096
To the benefit of Xxxxxx Xxxxxxx
Account No. NE-22726
I would like to suggest that the Closing for the purchase and sale
transactions listed above be held on March 10, 2000, at 10:00 a.m. at the
offices of Xxxxxxx Berlin Shereff Xxxxxxxx, LLP.
Sincerely,
/s/ Xxxxxx X. Xxxxxxx
Xxxxxx X. Xxxxxxx
WHF:sad
c: Xxxx X. XxXxxxxxxx, Esq.
Via Fax (000) 000-0000
