Document:

<PAGE>

[*] IMPORTANT NOTICE: Certain material, indicated by an asterisk ("*"), has been
omitted from this document pursuant to a request for confidential treatment. The
omitted material has been filed separately with the Securities and Exchange
Commission.

[EPOCH INTERNET LOGO APPEARS HERE]

                                                                  Exhibit 10.5.4

                           Branded Services Agreement
                                   Amendment

         This Amendment, entered into as of January 20, 2000, amends that
certain Branded Services Agreement, dated August 25, 1998, as amended by certain
amendments thereto (as amended from time to time, "Agreement"), between NET-tel
Corporation ("Company") and Epoch Networks, Inc., d.b.a. Epoch Internet
("Epoch").

         WHEREAS, Company and Epoch desire to amend various provisions of the
Agreement, including Attachment A to the Agreement (as amended from time to
time, "Attachment A");

         NOW, THEREFORE, in consideration of the mutual promises provided
herein, the parties hereto agree as follows:

         1.  Notwithstanding the terms of any other Amendment to the Agreement
             or Attachment A, the terms, including the prices for Services, set
             forth herein shall be in effect with respect to agreements from
             customers of Company received by Epoch after January 1, 2000, until
             such terms or prices are changed as provided herein.

         2.  Attachment A to the Agreement is hereby amended to provide that the
             following services may be sold to Company at the following prices:

<TABLE>
<CAPTION>

----------------------------------------------------------------
                            SelectPro T-1/1, 2/
----------------------------------------------------------------
Term of Agreement           One Year        Two or More Years
----------------------------------------------------------------
<S>                         <C>                  <C>
Monthly Fee                    *                    *
----------------------------------------------------------------
Usage                          *                    *
----------------------------------------------------------------
Monthly Cap                    *                    *
----------------------------------------------------------------
Activation Fee                 *                    *
----------------------------------------------------------------

<CAPTION>

----------------------------------------------------------------
                        Commerce Metered T-1/2/
----------------------------------------------------------------
Monthly Fee                                         *
----------------------------------------------------------------
<S>                                              <C>
Usage                                               *
----------------------------------------------------------------
Monthly Cap                                         *
----------------------------------------------------------------
Activation Fee                                      *
----------------------------------------------------------------
</TABLE>

*Confidential treatment requested.  The redacted material has been separately
filed with the Securities and Exchange Commission.

                                       1
<PAGE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------
                                        Flat Rate T-1/2/
------------------------------------------------------------------------
Service                     Monthly Fee                Activation Fee
------------------------------------------------------------------------
<S>                         <C>                             <C>
128K                             *                           *
------------------------------------------------------------------------
256K                             *                           *
------------------------------------------------------------------------
512K                             *                           *
------------------------------------------------------------------------
T-1                              *                           *
------------------------------------------------------------------------
</TABLE>

Footnotes:

    1.  SelectPro service is designed for "routine" business use of the
        Internet. Users of this service may not operate as Internet Service
        Providers or other second level networks or use other high bandwidth
        applications, including using border Gateway Protocol; hosting streaming
        servers; or operating subscription or membership services (whether or
        not users are required to pay for access); hosting sites for the public
        distribution of software; or operating similar Web-centered businesses.
        Use of the SelectPro service in any such manner may result in the
        conversion of the service, upon * (*) days' notice to Company, to a
        dedicated connectivity product that does allow such uses.

    2.  The "Activation Fee," "Monthly Fee" and "Usage" shall be for Epoch
        Internet set-up and access only, and do not include Local Exchange
        Carrier ("LEC") or InterXchange Carrier ("IXC") installation or monthly
        fees. In the case of permitted Customer Provided Access ("CPA"), Epoch
        shall charge Company an amount equal to Epoch's cost for the required
        cross-connect, plus * percent (*%). (CPA is not permitted for Internet
        access service at greater than T-1 bandwidths.) LEC monthly; cross-
        connect and installation charges shall be quoted separately and charged
        in addition to all Epoch fees and charges. Start-up requires payment of
        all Epoch and LEC installation and activation fees and all Epoch and LEC
        monthly access fees for the first and last months of service.

------------------------------------------------------------------------------
                          Dial-Up Internet Access/1/
------------------------------------------------------------------------------
       $* per Month per User for * Hours, plus $* per Minute Thereafter
------------------------------------------------------------------------------

Footnotes:

        1.  56K analog service, where available, is standardized on Rockwell
            chip sets and V.90 technology. Includes Epoch customer care and
            Epoch's extended network, which currently includes Epoch and GTE
            points of presence. Dial-up access is available in the contiguous
            United States and the District of Columbia only. Dial-up access is
            subject to control of abusive network users as defined by the Epoch
            Acceptable Use Policy.

    3.  Prices for the Services set forth herein are the current prices at which
        Epoch agrees to sell the Services to Company. Epoch reserves the right
        at any time and from time to time to modify the list of Services, modify
        the terms on which the Services are provided or modify the prices for
        the Services, or any combination of the foregoing. Epoch shall notify
        Company thirty (30) days in advance of the effective date of any such
        modifications, which modifications shall apply to all access agreements
        entered into on and after such effective date.

    4.  Epoch agrees to sell, but not to rent, Netopia routers for use with the
        Services at a price equal to Epoch's cost, as determined by Epoch, for
        such equipment plus * percent (*%).

*Confidential treatment requested.  The redacted material has been separately
filed with the Securities and Exchange Commission.

                                       2
<PAGE>

    5.  DS-3 Internet access may be sold to Company at a price equal to Epoch's
        cost, as determined by Epoch, plus * percent (*%). All agreements for
        DS-3 Internet access are subject, as to availability and price, to prior
        approval in writing by Keith Pinter (or his successor or designee). Such
        approval shall be subject to a variety of factors in Epoch's sole
        discretion, including, but not limited to, geography, relative
        percentage of inbound/outbound traffic and amount of bandwidth required.
        Any increase in bandwidth greater than 10Mbps under any existing
        agreement is also subject to receipt of written approval by Keith Pinter
        (or his successor or designee), which may be withheld in Epoch's sole
        discretion.

    6.  The terms and provisions of the Agreement shall remain in full force and
        effect, except as expressly modified or amended by this Amendment

    7.  This Amendment shall be attached to and become a part of the Agreement.

  IN WITNESS WHEREOF, the parties have set their hands to this Amendment as of
the date first above written.

      EPOCH NETWORKS, INC.                     NET-tel CORPORATION

By:      /s/ Karen Muller                By:     /s/ Craig Bandes
      ------------------------                 -------------------------
Name:    Karen Muller                    Name:   Craig Bandes
      ------------------------                 -------------------------
Its:     Vice President                  Its:    Chief Financial Officer
      ------------------------                 -------------------------

     18201 Von Karman Avenue, 5th Floor        1023 31st Street, NW
     Irvine, CA 92612                          Washington, DC 20007
Tel: 949-474-4950                        Tel:  202-736-5100
Fax: 949-955-3229                        Fax:  202-736-1680

*Confidential treatment requested.  The redacted material has been separately
filed with the Securities and Exchange Commission.

                                       3<PAGE>

                                                                    Exhibit 10.6

                          NET-TEL COMMUNICATIONS, INC.

                        1999 EMPLOYEE STOCK PURCHASE PLAN

                      (As Adopted Effective April 7, 1999)
<PAGE>

                                TABLE OF CONTENTS
                                -----------------

<TABLE>
<CAPTION>
                                                                                                               Page
                                                                                                               ----
<S>                                                                                                            <C>
SECTION 1.  PURPOSE OF THE PLAN.........................................................................        1

SECTION 2.  ADMINISTRATION OF THE PLAN..................................................................        1
         (a)  Committee Composition.....................................................................        1
         (b)  Committee Responsibilities................................................................        1

SECTION 3.  ENROLLMENT AND PARTICIPATION................................................................        1
         (a)  Offering Periods..........................................................................        1
         (b)  Enrollment................................................................................        1
         (c)  Duration of Participation.................................................................        2

SECTION 4.  EMPLOYEE CONTRIBUTIONS......................................................................        2
         (a)  Frequency of Payroll Deductions...........................................................        2
         (b)  Amount of Payroll Deductions..............................................................        2
         (c)  Changing Withholding Rate.................................................................        2
         (d)  Discontinuing Payroll Deductions..........................................................        2
         (e)  Limit on Number of Elections..............................................................        2

SECTION 5.  WITHDRAWAL FROM THE PLAN....................................................................        3
         (a)  Withdrawal................................................................................        3
         (b)  Re-Enrollment After Withdrawal............................................................        3

SECTION 6.  CHANGE IN EMPLOYMENT STATUS.................................................................        3
         (a)  Termination of Employment.................................................................        3
         (b)  Leave of Absence..........................................................................        3
         (c)  Death.....................................................................................        3

SECTION 7.  PLAN ACCOUNTS AND PURCHASE OF SHARES........................................................        3
         (a)  Plan Accounts.............................................................................        3
         (b)  Purchase Price............................................................................        3
         (c)  Withholding Tax...........................................................................        4
         (d)  Number of Shares Purchased................................................................        4
         (e)  Available Shares Insufficient.............................................................        4
         (f)  Issuance of Stock.........................................................................        4
         (g)  Unused Cash Balances......................................................................        4
         (h)  Shareholder Approval......................................................................        5

SECTION 8.  LIMITATIONS ON STOCK OWNERSHIP..............................................................        5
         (a)  Five Percent Limit........................................................................        5
         (b)  Dollar Limit..............................................................................        5
</TABLE>

                                       i
<PAGE>

<TABLE>
<CAPTION>
                                                                                                               Page
                                                                                                               ----
<S>                                                                                                            <C>
SECTION 9.  RIGHTS NOT TRANSFERABLE.....................................................................        5

SECTION 10.  NO RIGHTS AS AN EMPLOYEE...................................................................        6

SECTION 11.  NO RIGHTS AS A SHAREHOLDER.................................................................        6

SECTION 12.  STOCK OFFERED UNDER THE PLAN...............................................................        6
         (a)  Authorized Shares.........................................................................        6
         (b)  Anti-Dilution Adjustments.................................................................        6
         (c)  Reorganizations...........................................................................        6

SECTION 13.  SECURITIES LAW REQUIREMENTS................................................................        6
         (a)  General...................................................................................        6
         (b)  Financial Reports.........................................................................        7

SECTION 14.  REPORTS....................................................................................        7

SECTION 15.  AMENDMENT OR DISCONTINUANCE................................................................        7

SECTION 16.  DEFINITIONS................................................................................        7
         (a)  "Board"...................................................................................        7
         (b)  "Change in Control".......................................................................        8
         (c)  "Code"....................................................................................        8
         (d)  "Committee"...............................................................................        8
         (e)  "Company".................................................................................        8
         (f)  "Compensation"............................................................................        8
         (g)  "Eligible Employee".......................................................................        8
         (h)  "Exchange Act"............................................................................        8
         (i)  "Fair Market Value".......................................................................        8
         (j)  "NET-tel Communications, Inc."............................................................        9
         (k)  "Offering Period".........................................................................        9
         (l)  "Participant".............................................................................        9
         (m)  "Plan"....................................................................................        9
         (n)  "Plan Account"............................................................................        9
         (o)  "Purchase Price"..........................................................................        9
         (p)  "Stock"...................................................................................        9
         (q)  "Subsidiary"..............................................................................        9

SECTION 17.  EXECUTION..................................................................................       10
</TABLE>

                                      ii
<PAGE>

                         NET-tel Communications, Inc.

                       1999 Employee Stock Purchase Plan

SECTION 1.  PURPOSE OF THE PLAN.

     The Plan was adopted effective as of April 7, 1999. The adoption of the
Plan is subject to the approval of the Company's shareholders. The purpose of
the Plan is to provide Eligible Employees with an opportunity to increase their
proprietary interest in the success of the Company by purchasing Stock from the
Company on favorable terms and to pay for such purchases through payroll
deductions. The Plan is intended to qualify under section 423 of the Code.

SECTION 2. ADMINISTRATION OF THE PLAN.

     (a)  Committee Composition. The Plan shall be administered by the
Committee. The Committee shall consist exclusively of two or more directors of
the Company, who shall be appointed by the Board.

     (b)  Committee Responsibilities. The Committee shall interpret the Plan and
make all other policy decisions relating to the operation of the Plan. The
Committee may adopt such rules, guidelines and forms, as it deems appropriate to
implement the Plan. The Committee's determinations under the Plan shall be final
and binding on all persons.

SECTION 3.  ENROLLMENT AND PARTICIPATION.

     (a)  Offering Periods.  While the Plan is in effect, two Offering Periods
shall commence in each calendar year. The Offering Periods shall consist of the
six-month periods commencing on each January 1 and July 1.

     (b)  Enrollment.  Any individual who, on the day preceding the first day of
 an Offering Period, qualifies as an Eligible Employee may elect to become a
 Participant in the Plan for such Offering Period by executing the enrollment
 form prescribed for this purpose by the Committee. The enrollment form shall be
 filed with the Company at the prescribed location not later than 5 days prior
 to the commencement of such Offering Period.
<PAGE>

     (c)  Duration of Participation.  Once enrolled in the Plan, a Participant
shall continue to participate in the Plan until he or she ceases to be an
Eligible Employee, withdraws from the Plan under Section 5(a) or reaches the end
of the Offering Period in which his or her employee contributions were
discontinued under Section 4(d) or 8(b). A Participant who discontinued employee
contributions under Section 4(d) or withdrew from the Plan under Section 5(a)
may again become a Participant, if he or she then is an Eligible Employee, by
following the procedure described in Subsection (b) above. A Participant whose
employee contributions were discontinued automatically under Section 8(b) shall
automatically resume participation at the beginning of the earliest Offering
Period ending in the next calendar year, if he or she then is an Eligible
Employee.

SECTION 4.  EMPLOYEE CONTRIBUTIONS.

     (a)  Frequency of Payroll Deductions. A Participant may purchase shares of
Stock under the Plan solely by means of payroll deductions. Payroll deductions,
as designated by the Participant pursuant to Subsection (b) below, shall occur
on each payday during participation in the Plan.

     (b)  Amount of Payroll Deductions. An Eligible Employee shall designate on
the enrollment form the portion of his or her Compensation that he or she elects
to have withheld for the purchase of Stock. Such portion shall be a whole
percentage of the Eligible Employee's Compensation, but not less than 1% or more
than 15%.

     (c)  Changing Withholding Rate. If a Participant wishes to change the rate
of payroll withholding, he or she may do so by filing a new enrollment form with
the Company at the prescribed location at any time. The new withholding rate
shall be effective as soon as reasonably practicable after the Company has
received such form. The new withholding rate shall be a whole percentage of the
Eligible Employee's Compensation, but not less than 1% or more than 15%.

     (d)  Discontinuing Payroll Deductions. If a Participant wishes to
discontinue employee contributions entirely, he or she may do so by filing a new
enrollment form with the Company at the prescribed location at any time. Payroll
withholding shall cease as soon as reasonably practicable after the Company has
received such form. (In addition, employee contributions may be discontinued
automatically pursuant to Section 8(b).) A Participant who has discontinued
employee contributions may resume such contributions by filing a new enrollment
form with the Company at the prescribed location. Payroll withholding shall
resume as soon as reasonably practicable after the Company has received such
form.

     (e)  Limit on Number of Elections. No Participant shall make more than 1
election under Subsection (c) or (d) above during any Offering Period.

                                       2
<PAGE>

SECTION 5.  WITHDRAWAL FROM THE PLAN.

     (a)  Withdrawal. A Participant may elect to withdraw from the Plan by
filing the prescribed form with the Company at the prescribed location at any
time before the last day of an Offering Period. As soon as reasonably
practicable thereafter, payroll deductions shall cease and the entire amount
credited to the Participant's Plan Account shall be refunded to him or her in
cash, without interest. No partial withdrawals shall be permitted.

     (b)  Re-Enrollment After Withdrawal. A former Participant who has withdrawn
from the Plan shall not be a Participant until he or she re-enrolls in the Plan
under Section 3(c). Re-enrollment may be effective only at the commencement of
an Offering Period.

SECTION 6.  CHANGE IN EMPLOYMENT STATUS.

     (a)  Termination of Employment. Termination of employment as an Eligible
Employee for any reason, including death, shall be treated as an automatic
withdrawal from the Plan under Section 5(a).

     (b)  Leave of Absence. For purposes of the Plan, employment shall not be
deemed to terminate when the Participant goes on a military leave, a sick leave
or another bona fide leave of absence, if the leave was approved by the Company
in writing. Employment, however, shall be deemed to terminate 90 days after the
Participant goes on a leave, unless a contract or statute guarantees his or her
right to return to work. Employment shall be deemed to terminate in any event
when the approved leave ends, unless the Participant immediately returns to
work.

     (c)  Death. In the event of the Participant's death, the amount credited to
his or her Plan Account shall be paid to a beneficiary designated by him or her
for this purpose on the prescribed form or, if none, to the Participant's
estate. Such form shall be valid only if it was filed with the Company at the
prescribed location before the Participant's death.

SECTION 7.  PLAN ACCOUNTS AND PURCHASE OF SHARES.

     (a)  Plan Accounts. The Company shall maintain a Plan Account on its books
in the name of each Participant. Whenever an amount is deducted from the
Participant's Compensation under the Plan, such amount shall be credited to the
Participant's Plan Account. Amounts credited to Plan Accounts shall not be trust
funds and may be commingled with the Company's general assets and applied to
general corporate purposes. No interest shall be credited to Plan Accounts.

     (b)  Purchase Price. The Purchase Price for each share of Stock purchased
at the close of an Offering Period shall be the lower of:

          (i)  85% of the Fair Market Value of such share on the last trading
     day in such Offering Period; or

          (ii) 85% of the Fair Market Value of such share on the first trading
     day in such Offering Period.

                                       3
<PAGE>

     (c)  Withholding Tax. At the time the shares of Stock are purchased, in
whole or in part, or at the time some or all of the Company's Stock issued under
the Plan is disposed of, the Participant must make adequate provision for the
Company's federal, state, or other tax withholding obligations, if any, which
arise upon the purchase of shares of Stock or the disposition of the Stock. At
any time, the Company may, but shall not be obligated to, withhold from the
participant's compensation the amount necessary for the Company to meet
applicable withholding obligations, including any withholding required to make
available to the Company any tax deductions or benefits attributable to sale or
early disposition of Stock by the Eligible Employee.

     (d)  Number of Shares Purchased. As of the last day of each Offering
Period, each Participant shall be deemed to have elected to purchase the number
of shares of Stock calculated in accordance with this Subsection (d), unless the
Participant has previously elected to withdraw from the Plan in accordance with
Section 5(a). The amount then in the Participant's Plan Account shall be divided
by the Purchase Price, and the number of shares that results shall be purchased
from the Company with the funds in the Participant's Plan Account. The foregoing
notwithstanding, no Participant shall purchase more than 2,500 shares of Stock
with respect to any Offering Period nor more than the amounts of Stock set forth
in Sections 8(b) and 12(a). The Committee may determine with respect to all
Participants that any fractional share, as calculated under this Subsection (d),
shall be rounded down to the next lower whole share.

     (e)  Available Shares Insufficient. In the event that the aggregate number
of shares that all Participants elect to purchase during an Offering Period
exceeds the maximum number of shares remaining available for issuance under
Section 12(a), then the number of shares to which each Participant is entitled
shall be determined by multiplying the number of shares available for issuance
by a fraction, the numerator of which is the number of shares that such
Participant has elected to purchase and the denominator of which is the number
of shares that all Participants have elected to purchase.

     (f)  Issuance of Stock. Certificates representing the shares of Stock
purchased by a Participant under the Plan shall be issued to him or her as soon
as reasonably practicable after the close of the applicable Offering Period,
except that the Committee may determine that such shares shall be held for each
Participant's benefit by a broker designated by the Committee (unless the
Participant has elected that certificates be issued to him or her). Shares may
be registered in the name of the Participant or jointly in the name of the
Participant and his or her spouse as joint tenants with right of survivorship or
as community property.

     (g)  Unused Cash Balances. Any amount remaining in the Participant's Plan
Account that represents the Purchase Price for a fractional share shall be
carried over in the Participant's Plan Account to the next Offering Period. Any
amount remaining in the Participant's Plan Account that represents the Purchase
Price for whole shares that could not be purchased by reason of Subsection (d)
above, Section 8(b) or Section 12(a) shall be refunded to the Participant in
cash, without interest.

     (h)  Shareholder Approval. Any other provision of the Plan notwithstanding,
no shares of Stock shall be purchased under the Plan unless and until the
Company's shareholders have approved the adoption of the Plan.

                                       4
<PAGE>

SECTION 8.  LIMITATIONS ON STOCK OWNERSHIP.

     (a)  Five Percent Limit. Any other provision of the Plan notwithstanding,
no Participant shall be granted a right to purchase Stock under the Plan if such
Participant, immediately after his or her election to purchase such Stock, would
own stock possessing more than 5% of the total combined voting power or value of
all classes of stock of the Company or any parent or Subsidiary of the Company.
For purposes of this Subsection (a), the following rules shall apply:

          (i)       Ownership of stock shall be determined after applying the
     attribution rules of section 424(d) of the Code;

          (ii)      Each Participant shall be deemed to own any stock that he or
     she has a right or option to purchase under this or any other plan; and

          (iii)     Each Participant shall be deemed to have the right to
     purchase 2,500 shares of Stock under this Plan with respect to each
     Offering Period.

     (b)  Dollar Limit. Anything in the Plan to the contrary notwithstanding, no
Participant may be granted rights to purchase Stock under all employee stock
purchase plans of the Company and its parent and subsidiary companies (if any)
to accrue at a rate which exceeds $25,000 of the Fair Market Value of such Stock
for each calendar year in which such rights are outstanding at any time. For
purposes of this Subsection (b), the Fair Market Value of Stock shall be
determined in each case as of the beginning of the Offering Period in which such
Stock is purchased. Employee stock purchase plans not described in section 423
of the Code shall be disregarded. If a Participant is precluded by this
Subsection (b) from purchasing additional Stock under the Plan, then his or her
employee contributions shall automatically be discontinued and shall resume at
the beginning of the earliest Offering Period ending in the next calendar year
(if he or she then is an Eligible Employee).

SECTION 9.  RIGHTS NOT TRANSFERABLE.

     The rights of any Participant under the Plan, or any Participant's interest
in any Stock or moneys to which he or she may be entitled under the Plan, shall
not be transferable by voluntary or involuntary assignment or by operation of
law, or in any other manner other than by beneficiary designation or the laws of
descent and distribution. If a Participant in any manner attempts to transfer,
assign or otherwise encumber his or her rights or interest under the Plan, other
than by beneficiary designation or the laws of descent and distribution, then
such act shall be treated as an election by the Participant to withdraw from the
Plan under Section 5(a).

SECTION 10.  NO RIGHTS AS AN EMPLOYEE.

     Nothing in the Plan or in any right granted under the Plan shall confer
upon the Participant any right to continue in the employ of a NET-tel
Communications, Inc. for any period of specific duration or interfere with or
otherwise restrict in any way the rights of the

                                       5
<PAGE>

Participating Companies or of the Participant, which rights are hereby expressly
reserved by each, to terminate his or her employment at any time and for any
reason, with or without cause.

SECTION 11.  NO RIGHTS AS A SHAREHOLDER.

     A Participant shall have no rights as a shareholder with respect to any
shares of Stock that he or she may have a right to purchase under the Plan until
such shares have been purchased on the last day of the applicable Offering
Period.

SECTION 12.  STOCK OFFERED UNDER THE PLAN.

     (a)  Authorized Shares. The aggregate number of shares of Stock available
for purchase under the Plan shall be ___________, subject to adjustment pursuant
to this Section 12.

     (b)  Anti-Dilution Adjustments. The aggregate number of shares of Stock
offered under the Plan, the 5,000 share limitation described in Section 7(d) and
the price of shares that any Participant has elected to purchase shall be
adjusted proportionately by the Committee for any increase or decrease in the
number of outstanding shares of Stock resulting from a subdivision or
consolidation of shares or the payment of a stock dividend, any other increase
or decrease in such shares effected without receipt or payment of consideration
by the Company, the distribution of the shares of a Subsidiary to the Company's
shareholders or a similar event.

     (c)  Reorganizations. Any other provision of the Plan notwithstanding,
immediately prior to the effective time of a Change in Control, the Offering
Period then in progress shall terminate and shares shall be purchased pursuant
to Section 7. In the event of a merger or consolidation to which the Company is
a constituent corporation and which does not constitute a Change in Control, the
Plan shall continue unless the plan of merger or consolidation provides
otherwise. The Plan shall in no event be construed to restrict in any way the
Company's right to undertake a dissolution, liquidation, merger, consolidation
or other reorganization.

SECTION 13.  SECURITIES LAW REQUIREMENTS.

     (a)  General. Shares of Stock shall not be issued under the Plan unless the
issuance and delivery of such shares comply with (or are exempt from) all
applicable requirements of law, including (without limitation) the Securities
Act of 1933, as amended, the rules and regulations promulgated thereunder, state
securities laws and regulations, and the regulations of any stock exchange or
other securities market on which the Company's securities may then be traded.

     (b)  Financial Reports. Upon receipt of written request from any
Participant or shareholder who has received stock under the Plan, the Company,
once each year shall furnish to such Participant or shareholder its balance
sheet and income statement, unless such Participant or shareholder are key
employees whose duties with the Company assure them access to equivalent
information. Such balance sheet and income statement need not be audited.

                                       6
<PAGE>

SECTION 14.  REPORTS.

     Individual accounts shall be maintained for each Participant in the Plan.
Statements of account shall be given to each Participant at least annually,
which statements shall set forth the amounts of payroll deduction, the Purchase
Price, the number of shares purchased and the remaining cash balance, if any.

SECTION 15.  AMENDMENT OR DISCONTINUANCE.

     The Board shall have the right to amend, suspend or terminate the Plan at
any time and without notice.  Except as provided in Section 12, any increase in
the aggregate number of shares of Stock to be issued under the Plan shall be
subject to approval by a vote of the shareholders of the Company.  In addition,
any other amendment of the Plan shall be subject to approval by a vote of the
shareholders of the Company to the extent required by an applicable law or
regulation.  The Plan shall in any event terminate on the 10th anniversary of
the date of its adoption by the Board.

SECTION 16.  DEFINITIONS.

     (a)  "Board" means the Board of Directors of the Company, as constituted
from time to time.

     (b)  "Change in Control" means:

          (i)   The consummation of a merger or consolidation of the Company
     with or into another entity or any other corporate reorganization, if more
     than 50% of the combined voting power of the continuing or surviving
     entity's securities outstanding immediately after such merger,
     consolidation or other reorganization is owned by persons who were not
     shareholders of the Company immediately prior to such merger, consolidation
     or other reorganization;

          (ii)  The sale, transfer or other disposition of all or substantially
     all of the Company's assets or the complete liquidation or dissolution of
     the Company; or

          (iii) The dissolution or liquidation of the Company.

A transaction shall not constitute a Change in Control if its sole purpose is to
change the state of the Company's incorporation or to create a holding company
that will be owned in substantially the same proportions by the persons who held
the Company's securities immediately before such transaction.

     (c)  "Code" means the Internal Revenue Code of 1986, as amended.

     (d)  "Committee" means a committee of the Board, as described in Section 2.

     (e)  "Company" means NET-tel Communications, Inc., a Delaware corporation.

                                       7
<PAGE>

     (f)  "Compensation" means regular straight-time earnings, commission and
bonuses plus any pre-tax contributions made by the Participant under section
401(k) or 125 of the Code. Compensation excludes payments for overtime, shift
premiums, other marketing incentive payments, special payments, moving or
relocation allowances, car allowances, imputed income attributable to cars or
life insurance, fringe benefits, contributions to employee benefit plans and
similar items. The Committee shall determine whether a particular item is
included in Compensation.

     (g)  "Eligible Employee" means any employee of a NET-tel Communications,
Inc. who meets both of the following requirements:

          (i)  His or her customary employment is for more than five months per
     calendar year and for more than 20 hours per week; and

          (ii) He or she has been an employee of a NET-tel Communications, Inc.
     for not less than six (6) months.

The foregoing notwithstanding, an individual shall not be considered an Eligible
Employee if his or her participation in the Plan is prohibited by the law of any
country which has jurisdiction over him or her or if he or she is subject to a
collective bargaining agreement that does not provide for participation in the
Plan.

     (h)  "Exchange Act" means the Securities Exchange Act of 1934, as amended.

     (i)  "Fair Market Value" means the market price of Stock, determined by
the Committee as follows:

          (i)   If Stock was traded over-the-counter on the date in question but
     was not traded on The Nasdaq Stock Market or The Nasdaq National Market,
     then the Fair Market Value shall be equal to the mean between the last
     reported representative bid and asked prices quoted for such date by the
     principal automated inter-dealer quotation system on which Stock is quoted
     or, if the Stock is not quoted on any such system, by the "Pink Sheets"
     published by the National Quotation Bureau, Inc.;

          (ii)  If Stock was traded over-the-counter on the date in question
     and was traded on The Nasdaq Stock Market or The Nasdaq National Market,
     then the Fair Market Value shall be equal to the last-transaction price
     quoted for such date by The Nasdaq Stock Market or The Nasdaq National
     Market;

          (iii) If the Stock was traded on a stock exchange on the date in
     question, then the Fair Market Value shall be equal to the closing price
     reported by the applicable composite transactions report for such date; and

          (iv)   If none of the foregoing provisions is applicable, then the
     Fair Market Value shall be determined by the Committee in good faith on
     such basis as it deems appropriate.

                                       8
<PAGE>

Whenever possible, the determination of Fair Market Value by the Committee shall
be based on the prices reported in The Wall Street Journal or as reported
                                   -----------------------
directly to the Company by Nasdaq or a comparable exchange. Such determination
shall be conclusive and binding on all persons.

     (j) "NET-tel Communications, Inc." means (i) the Company and (ii) each
present or future Subsidiary designated by the Committee as a NET-tel
Communications, Inc.

     (k) "Offering Period" means a six-month period with respect to which the
right to purchase Stock may be granted under the Plan, as determined pursuant to
Section 3(a).

     (l) "Participant" means an Eligible Employee who elects to participate in
the Plan, as provided in Section 3(b).

     (m) "Plan" means this NET-tel Communications, Inc. 1999 Employee Stock
Purchase Plan, as it may be amended from time to time.

     (n) "Plan Account" means the account established for each Participant
pursuant to Section 7(a).

     (o) "Purchase Price" means the price at which Participants may purchase
Stock under the Plan, as determined pursuant to Section 7(b).

     (p) "Stock" means the Common Stock of the Company.

     (q) "Subsidiary" means any corporation (other than the Company) in an
unbroken chain of corporations beginning with the Company, if each of the
corporations other than the last corporation in the unbroken chain owns stock
possessing 50% or more of the total combined voting power of all classes of
stock in one of the other corporations in such chain.

SECTION 17. EXECUTION.

     To record the adoption of the Plan by the Board effective April 7, 1999,
the Company has caused its authorized officer to execute the same.

                                 NET-tel Communications, Inc.

                                 By:     /s/ James F. Kenefick
                                     -------------------------
                                 Title:  President
                                         ---------------------

                                       9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00010-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00010-of-00352.parquet"}]]