EFTA00128657



12/17/01 13:03 FAX




001


LandTel

600 Madison Avenue

25th Floor

New York, NY 10022





<table border="1"><tr><td>To:</td><td>Jeffrey Epstein</td><td>From:</td><td>Jay Phillip Parker</td></tr><tr><td>Fax:</td><td rowspan="2"></td><td>Pages:</td><td>2</td></tr><tr><td>Phone:</td><td>Date:</td><td>December 17, 2001</td></tr><tr><td>Re:</td><td>Bridge Financing</td><td>cc:</td><td></td></tr></table>

Jeff,

In connection with the contemplated Bridge Financing, please execute the attached letter confirming your ability to immediately fund this transaction, and then fax same back to Jim Whittier's attention at the above number. If you have any questions, please feel free to contact me at the above number or Jim on his mobile

Thanks for your time and attention to this matter.

Jay Phillip Parker

EFTA00128658



12/17/01 13:03 FAX


# [Funding Party Letterhead Here]

Monday December 17, 2001

Hon. Joseph J. Farnan, Jr.

United States District Court

District of Delaware

J. Caleb Boggs Federal Building

844 N. King Street

Room 6325

Wilmington, DE 19801

Dear Judge Farnan;

In connection with WinTel Telecom Holdings, Inc., ("WinTel"), offer to purchase Winstar Communications, Inc., from Chapter 11 Bankruptcy, this letter shall confirm our commitment to immediately fund Fifteen Million U.S. Dollars ($15,000,000.00 US) (the "Commitment") to an account provided to us by WinTel.

The only condition to our funding the Commitment is the authorization from WinTel to proceed with this transaction. The Commitment funds are available on deposit for immediate wire transfer from account # ___ at ___ . Should you require confirmation of the terms of this letter, please feel free to contact ___ at 212-___-___.

Sincerely,

[CORPORATE ENTITY]

By: ___

Its: ___

cc. James P. Whittier