EX-99 4 exb03872001aa8.txt LETTER DATED AS OF NOVEMBER 29, 2001, FROM THE NOTEHOLDER'S COUNSEL TO THE COMPANY SEWARD & KISSEL LLP ONE BATTERY PARK PLAZA NEW YORK, NEW YORK 10004 TELEPHONE: (212) 574-1200 FACSIMILE: (212) 480-8421 November 29, 2001 VIA FACSIMILE Michael Carper, Esq. Allied Riser Communications Corporation 1700 Pacific Avenue, Suite 400 Dallas, Texas 75201 Re: Allied Riser Communication Corporation (the "Company") Dear Michael: I have received your letter of yesterday evening. You have known of the agreement in principle on the Note repurchase for many weeks. You have had our alternative offer for the Company's equity for nearly a month. There is no justification for any further delay. Unless we have an acceptable written response from you by the close of business tomorrow, the Note holders will deem the offers rejected and withdrawn, and pursue their claims against the Company and its directors personally. Sincerely yours, /s/ Gary J. Wolfe --------------------------- Gary J. Wolfe cc: Mr. Gerald K. Dinsmore Mr. Don Lynch Mr. R. David Spreng Mr. Blair P. Whitaker (Via Overnight) Jones Day Reavis & Pogue Attn: Kathleen McLaurin, Esq. 03872001.AA8