EXHIBIT 10-1



Fax InformationDecember 22, 2006
        No. of PagesTo:
        FromCo.:
        Co.
        CoBankFax #:
        Phone #
        1-800-255-6190


|                                      |                  |  |                                  |  |  |                               |  | 
|------------------------------------- | ---------------- |  | -------------------------------- |  |  | ----------------------------- |  | 
|                                      | Payoff Statement
|                                     
|Calculation Date:   December 22, 2006 |                  |  | Payoff Date:   December 22, 2006 |  |  | Relationship ManagerROGER OPP |  | 
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|                                     
|ULM TELECOM                           |                  |  |                                  |  |  | 00013301                      |  | 
|                                     

|Agreement # |  |  | Obligation Number |  |  | Principal Balance |              | Accrued Interest |   | Basis     |  |     | Interest Rate |  | Per Diem |         | PrepaymentPenalties
|----------- |  |  | ----------------- |  |  | ----------------- | ------------ | ---------------- | - | --------- |  | --- | ------------- |  | -------- | ------- | -------------------
|           
|ML0788T2    |  |  | 001282354         |  |  | $                 | 7,500,000.00 |                  | $ | 16,182.32 |  | 360 |               |  |          | 6.9600% |                    
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|           
|Total:      |  |  |                   |  |  | $                 | 7,500,000.00 |                  | $ | 16,182.32 |  |     |               |  |          |         |                    
|            |  |  |                   |  | 

Summary

|Principal Due:                                                                                                                                                                                                        |  |  | $ | 7,500,000.00 |  | ACH Customer                                  |  |  |   |          | 
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  |  | - | ------------ |  | --------------------------------------------- |  |  | - | -------- | 
|Accrued Int to today:                                                                                                                                                                                                 |  |  | $ | 16,182.32    | 
|Interest to Payoff Date:                                                                                                                                                                                              |  |  | $ | 0.00         |  | Yes                                        No |  | 
|Prepayment Penalty: **                                                                                                                                                                                                |  |  | $ | 0.00         | 
|Cash Manager Fees(Current Month)                                                                                                                                                                                      |  | 
|                                                                                                                                                                                                                     
|Cash Manager Fees(Prior Month Due)                                                                                                                                                                                    |  | 
|UnadvancedCommitment Fee                                                                                                                                                                                              |  |  | $ | 3,864.58     | 
|Wire Fees                                                                                                                                                                                                             |  |  | $ | 16.00        | 
|                                                                                                                                                                                                                      | 
|                                                                                                                                                                                                                     
|Total Due: December 22, 2006                                                                                                                                                                                          |  |  | $ | 7,520,062.90 |  | Total Per Diem                                |  |  | $ | 1,450.00 | 
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|NOTE:   This payoff quote is valid only through the payoff date shown above.
Furthermore, to the extent that you continue to use CoBank Cash Manager services, additional fees may apply.                            
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|** Prepayment penalties noted on this payoff statement are valid for the calculation date only, and will have to be recalculated if collected funds are not received on the date of calculation.                     
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|For questions, please contact CoBank Customer Service at 1-800-255-6190.  Our regular business hours are 6:30 a.m. to 4:00 p.m. Mountain Time.
Funds must be received by 4:00 p.m. Mountain Time for same day credit.
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