▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇
February 7, 2000
Mr. ▇▇▇▇ ▇▇▇▇▇▇▇▇
C/o Gold & ▇▇▇▇▇ Transfer, S.A.
▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇, ▇.▇. ▇▇▇▇▇
Re: Put Option - Exercise Notice
Dear ▇▇. ▇▇▇▇▇▇▇▇:
Reference is made to that certain Put Agreement, dated September 21, 1999,
between and among ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇, 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
▇▇▇▇ ▇▇▇▇▇ 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
▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Account No. 2820120190
ABA: 0212100086 In the name of ▇▇▇▇ ▇. ▇▇▇▇▇
Mr. ▇▇▇▇ ▇▇▇▇▇▇▇▇
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 ▇▇▇▇▇▇▇ Berlin Shereff ▇▇▇▇▇▇▇▇, LLP. Please provide me with a
draft of proposed closing documents at your earliest convenience.
Very truly yours,
/s/ ▇▇▇▇ ▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇
FEDERAL EXPRESS(Airbill No. 806680059234)
cc: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇, Esq. (Federal Express, Airbill No. 806680059245)