AMENDED AGREEMENT OF SETTLEMENT AND MUTUAL RELEASE
THIS AMENDED AGREEMENT OF SETTLEMENT AND MUTUAL RELEASE ("Agreement") is made by
and between Francis John Gorry ("Mr. Gorry") on the one hand, and MicroTel International, Inc. ("MicroTel")
on the other.
1.1 A dispute has arisen between the parties regarding a Letter Agreement dated April 18, 1995 relating to, inter
alia, the issuance, tender, and registration by the Securities and Exchange Commission of one hundred thirty
thousand (130,000) shares of unrestricted, freely tradable MicroTel common stock (the "Stock") for the benefit
of Mr. Gorry. As a result of MicroTel's failure to issue, register or tender the stock to Mr. Gorry, Mr. Gorry filed
an action in the Santa Clara County Superior Court, titled FRANCIS JOHN GORRY v. MicroTel International,
Inc., et al. SCSC Case No. CV758208 (the "Action"). Parties settled the Action pursuant to the terms of an
Agreement of Settlement and Mutual Release dated June 28, 1996 (the "Settlement Agreement").
1.2 It is the desire of the above named parties to the Agreement to amend the Settlement Agreement to reflect
certain changes agreed to by the parties, and to extend the date of performance under the Settlement Agreement,
while otherwise keeping the terms of the Settlement Agreement intact.
THEREFORE, in consideration of the following terms, conditions, covenants and promises as set forth in this
Amending Agreement the parties agree as follows:
SETTLEMENT AND PAYMENT
2.1 Payments by MicroTel
2.1.1 Extension and Interest Payments. MicroTel shall, as part of this Amending Agreement, pay to Mr. Gorry,
the sum of Seventeen Thousand Five Hundred Dollars ($17,500) (the "Extension Payment") upon execution of
this Amending Agreement, and shall continue the payments of One Thousand Seven Hundred Dollars (the
"Interest Payment") on the first working day of each month as set forth in this Settlement Agreement, and
continuing until the sooner of July 1, 1