Document:

ex10-2.htm

Exhibit 10.2

 

EMPLOYMENT AGREEMENT

This EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of the 7th day of November, 2013, by and between Nova Lifestyle, Inc., a Nevada corporation (the “Company”), and Yuen Ching Ho (the “Executive”).

WITNESSETH:

WHEREAS, the parties desire to enter into this Agreement setting forth the terms and conditions of the employment relationship between the Executive and the Company.

NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants and agreements contained herein, the parties hereto agree as follows:

1. EMPLOYMENT.

1.1 Agreement to Employ. The Company hereby agrees to employ Executive, and Executive hereby agrees to serve, subject to the provisions of this Agreement, as an officer and employee of the Company.

1.2 Duties and Schedule. Executive shall serve as the Company’s Chief Financial Officer, and be responsible for the financial management of the entire Company. The Executive shall report directly to the Company’s Chief Executive Officer and Board of Directors (the “Board”) and shall have such responsibilities as designated by the Chief Executive Officer or Board to the extent that such responsibilities are not inconsistent with all applicable laws, regulations and rules. Executive shall devote his best efforts and all of his business time to his position with the Company and shall have no other employment with a third party during the Term.

 

2. TERM OF EMPLOYMENT. Unless Executive’s employment shall sooner terminate pursuant to Section 4, the Company shall employ Executive for a one-year term commencing on the date hereof (the “Term”), which Term shall be renewable upon mutual agreement of the Company and the Executive, as approved by the Board.

 

3. COMPENSATION.

 

3.1  Salary. Executive’s salary during the Term shall be $80,000 per year (the “Salary”), payable monthly.

 

3.2  Bonus. At the sole discretion of the Board, or any committee duly designated by the Board and authorized to act thereto, the Executive shall be eligible for an annual cash bonus.

 

3.3 Vacation. Executive shall be entitled to 8 days of paid vacation per year. In the event that Executive remains employed by the Company 3 years past the end of the Term, Executive shall be entitled to 12 days of paid vacation.

                            3.4 Business Expenses. Executive shall be reimbursed by the Company for all ordinary and necessary expenses incurred by Executive; provided that they are incurred and approved in writing in accordance with the Company’s expense policy.

 

4. TERMINATION.

 

  

  

  

 

4.1 Death. This Agreement shall terminate immediately upon the death of Executive and Executive’s estate or Executive’s legal representative, as the case may be, shall be entitled to Executive’s accrued and unpaid Salary and vacation as of the date of Executive’s death, plus all other compensation and benefits that were vested through the date of Executive’s death.

 

4.2 Disability. In the event of Executive’s Disability, this Agreement shall terminate and Executive shall be entitled to (a) accrued and unpaid Salary and vacation through the first date that a Disability is determined; and (b) all other compensation and benefits that were vested through the first date that a Disability has been determined.

 

4.3 Termination by Company for Cause.  The Company may terminate the Executive for Cause without notice and such termination shall take effect upon the receipt by Executive of the Notice of Termination. Upon the effective date of the termination for Cause, Executive shall be solely entitled to accrued and unpaid Salary through such effective date.

 

4.4 Voluntary Termination by Executive. The Executive may voluntarily terminate his employment for any reason and such termination shall take effect 30 days after the receipt by Company of the Notice of Termination. Upon the effective date of such termination, Executive shall be entitled to (a) accrued and unpaid Salary and vacation through such termination date; and (b) all other compensation and benefits that were vested through such termination date.  In the event Executive is terminated without notice, it shall be deemed a termination by the Company for Cause.

 

4.5 Notice of Termination. Any termination of the employment by the Company or the Executive shall be communicated by a notice in accordance with Section 8.4 of this Agreement (the “Notice of Termination”).   Such notice shall (a) indicate the specific termination provision in this Agreement relied upon and (b) if the termination is for Cause, the date on which the Executive’s employment is to be terminated.

 

4.6 Severance. The Executive shall not be entitled to severance payments upon any termination provided in Section 4 herein.

 

5. EMPLOYEE’S REPRESENTATION. The Executive represents and warrants to the Company that: (a) he is subject to no contractual, fiduciary or other obligation which may affect the performance of his duties under this Agreement; (b) he has terminated, in accordance with their terms, any contractual obligation which may affect his performance under this Agreement; and (c) his employment with the Company will not require him to use or disclose proprietary or confidential information of any other person or entity.

 

6. CONFIDENTIAL INFORMATION Except as permitted or directed by the Board of Directors of the Company in writing, during the time the Executive is employed by the Company or at any time thereafter, the Executive shall not use for his personal purposes nor divulge, furnish, or make accessible to anyone or use in any way (other than in the ordinary course of the business of the Company) any confidential or secret information or knowledge of the Company, whether developed by himself or by others. Such confidential and/or secret information encompassed by this Section 6 includes, but is not limited to, the Company’s customer and supplier lists, business plans, software, systems, and financial, marketing, and personnel information. The Executive agrees to refrain from any acts or omissions that would reduce the value of any confidential or secret knowledge or information to the Company, both during his employment hereunder and at any time after the termination of his employment. The Executive’s obligations of confidentiality under this Section 6 shall not apply to any knowledge or information that is now published publicly or that subsequently becomes generally publicly known, other than as a direct or indirect result of a breach of this Agreement by the Executive.

 

7.  NON-COMPETITION: NON-SOLICITATION; INVENTIONS.

 

  

  

  

 

7.1 Non-Competition.  During the employment of the Executive under this Agreement and for a period of six (6) months after termination of such employment, the Executive shall not at any time compete on his own behalf, or on behalf of any other person or entity, with the Company or any of its affiliates within all territories in which the Company does business with respect to the business of the Company or any of its affiliates as such business shall be conducted on the date hereof or during the employment of the Executive under this Agreement. The ownership by the Executive of not more than 5% of a corporation, partnership or other enterprise shall not constitute a violation hereof.

 

7.2 Non-Solicitation.  During the employment of the Executive under this Agreement and thereafter Executive shall not at any time (i) solicit or induce, on his own behalf or on behalf of any other person or entity, any employee of the Company or any of its affiliates to leave the employ of the Company or any of its affiliates; or (ii) solicit or induce, on his own behalf or on behalf of any other person or entity, any customer or Prospective Customer of the Company or any of their respective affiliates to reduce its business with the Company or any of its affiliates. For the purposes of this Agreement, “Prospective Customer” shall mean any individual, corporation, trust or other business entity which has either (a) entered into a nondisclosure agreement with the Company or any Company subsidiary or affiliate or (b) has within the preceding 12 months received a currently pending and not rejected written proposal in reasonable detail from the Company or any of the Company’s subsidiary or affiliate.

 

7.3 Inventions and Patents. The Company shall be entitled to the sole benefit and exclusive ownership of any inventions or improvements in products, processes, or other things that may be made or discovered by Executive while he is in the service of the Company, and all patents for the same. During the Term, Executive shall do all acts necessary or required by the Company to give effect to this section and, following the Term, Executive shall do all acts reasonably necessary or required by the Company to give effect to this section.  In all cases, the Company shall pay all costs and fees associated with such acts by Executive.

 

7.4 Return of Property.  The Executive agrees that all property in the Executive’s possession that he obtains or is assigned in the course of his employment with the Company, including, without limitation, all documents, reports, manuals, memoranda, customer lists, credit cards, keys, access cards, and all other property relating in any way to the business of the Company, is the exclusive property of the Company, even if the Executive authored, created, or assisted in authoring or creating such property. The Executive shall return to the Company all such property immediately upon termination of employment or at such earlier time as the Company may request.

 

7.5 Court Ordered Revisions. If any portion of this Section 7 is found by a court of competent jurisdiction to be invalid or unenforceable, but would be valid and enforceable if modified, this Section 7 shall apply with such modifications necessary to make this Section 7 valid and enforceable.  Any portion of this Section 7 not required to be so modified shall remain in full force and effect and not be affected thereby.

 

7.6 Specific Performance. The Executive acknowledges that the remedy at law for any breach of any of the provisions of Section 7 will be inadequate, and that the Company shall be entitled, in addition to any remedy at law or in equity, to preliminary and permanent injunctive relief and specific performance.

 

8. MISCELLANEOUS.

 

8.1 Indemnification.  The Company and each of its subsidiaries shall, to the maximum extent provided under applicable law, indemnify and hold Executive harmless from and against any expenses, including reasonable attorney’s fees, judgments, fines, settlements and other legally permissible amounts (“Losses”), incurred in connection with any proceeding arising out of, or related to, Executive’s employment by the Company, other than any such Losses incurred as a result of Executive’s negligence or willful misconduct.  The Company shall, or shall cause a subsidiary thereof to, advance to Executive any expenses, including attorney’s fees and costs of settlement, incurred in defending any such proceeding to the maximum extent permitted by applicable law.  Such costs and expenses incurred by Executive in defense of any such proceeding shall be paid by the Company or applicable subsidiary in advance of the final disposition of such proceeding promptly upon receipt by the Company of (a) written request for payment; (b) appropriate documentation evidencing the incurrence, amount and nature of the costs and expenses for which payment is being sought; and (c) an undertaking adequate under applicable law made by or on behalf of Executive to repay the amounts so advanced if it shall ultimately be determined pursuant to any non-appealable judgment or settlement that Executive is not entitled to be indemnified by the Company or any subsidiary thereof.  The Company will provide Executive with coverage under all directors and officers liability insurance policies that it has in effect during the Term, with no deductible to Executive.

 

  

  

  

 

8.2 Applicable Law. Except as may be otherwise provided herein, this Agreement shall be governed by and construed in accordance with the laws of the State of New York, applied without reference to principles of conflict of laws.

 

8.3 Amendments. This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective successors or legal representatives.

 

8.4 Notices.  All notices and other communications hereunder shall be in writing and shall be given by hand-delivery to the other party, by an international mail courier, or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows:

 

If to the Executive:

Yuen Ching Ho

c/o Nova Lifestyle, Inc.

6565 East Washington Blvd.

Commerce, CA 90040

With a copy to (which shall not constitute a notice):

If to the Company:

6565 East Washington Blvd.

Commerce, CA 90040

Attn:  Board of Directors

With a copy to (which shall not constitute notice):

McKenna Long & Aldridge LLP

303 Peachtree St. NE, Suite 5300

Atlanta, GA 30308

Or to such other address as either party shall have furnished to the other in writing in accordance herewith.  Notices and communications shall be effective when delivered to the addressee.

8.5 Withholding. The Company may withhold from any amounts payable under the Agreement, such federal, state and local income, unemployment, social security and similar employment related taxes and similar employment related withholdings as shall be required to be withheld pursuant to any applicable law or regulation.

 

8.6 Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, and any such provision which is not valid or enforceable in whole shall be enforced to the maximum extent permitted by law.

 

  

  

  

 

8.7 Captions. The captions of this Agreement are not part of the provisions and shall have no force or effect.

 

8.8 Entire Agreement. This Agreement contains the entire agreement among the parties concerning the subject matter hereof and supersedes all prior agreements, understandings, discussions, negotiations and undertakings, whether written or oral, between the parties with respect thereto.

 

8.9 Survival. The respective rights and obligations of the parties hereunder shall survive any termination of this Agreement or the Executive’s employment hereunder to the extent necessary to the intended preservation of such rights and obligations.

 

8.10 Waiver. Either Party's failure to enforce any provision or provisions of this Agreement shall not in any way be construed as a waiver of any such provision or provisions, or prevent that party thereafter from enforcing each and every other provision of this Agreement.

 

8.11 Successors.  This Agreement is personal to Executive and, without the prior express written consent of the Company, shall not be assignable by Executive. This Agreement shall inure to the benefit of and be enforceable by Executive’s estate, heirs, beneficiaries, and/or legal representatives. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.

 

8.12 Joint Efforts/Counterparts. Preparation of this Agreement shall be deemed to be the joint effort of the parties hereto and shall not be construed more severely against any party.  This Agreement may be signed in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.

 

8.13 Representation by Counsel.   Each Party hereby represents that it has had the opportunity to be represented by legal counsel of its choice in connection with the negotiation and execution of this Agreement.

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.

	
EMPLOYEE:

 

 

 

_______________________

Yuen Ching Ho

 

	  	
NOVA LIFESTYLE, INC.

 

 

 

­­­­_______________________

Ya Ming Wong

Chief Executive OfficerExhibit 10.1

EXECUTION VERSION

 

FIRST AMENDMENT

TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

THIS FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) is entered into as of August 8, 2013 by and among Otelco Inc. (“Borrower”), the other Persons party hereto that are designated as “Credit Parties” on the signature pages hereof, General Electric Capital Corporation, as Agent and as a Lender, and the other Lenders signatory hereto.

 

W I T N E S S E T H:

 

WHEREAS, Borrower, the other Credit Parties, Agent and the Lenders from time to time party thereto are parties to that certain Third Amended and Restated Credit Agreement, dated as of May 24, 2013 (as amended, restated, supplemented or modified from time to time, the “Credit Agreement”; unless otherwise defined herein, capitalized terms used herein that are not otherwise defined herein shall have the respective meanings assigned to such terms in the Credit Agreement); and

 

WHEREAS, the Credit Parties have requested that Agent and the Lenders amend certain provisions of the Credit Agreement, and, subject to the satisfaction of the conditions set forth herein, Agent and the Lenders signatory hereto are willing to do so, on the terms set forth herein;

 

NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein, the parties agree as follows:

 

1.             Amendments to Credit Agreement.  Upon satisfaction of the conditions set forth in Section 2 hereof, the Credit Agreement is hereby amended as follows:

 

(a)           Clause (c) of the definition of “Permitted Encumbrances” in Annex A to the Credit Agreement is hereby amended and restated to read in its entirety as follows:

 

“(c) pledges or deposits of money securing bids, tenders, contracts (other than contracts for the payment of money), leases to which any Credit Party is a party as lessee or surety or performance bonds (or any letters of credit securing or supporting surety or performance bonds), in each case made in the ordinary course of business;”

 

(b)           Annex C to the Credit Agreement is hereby amended by inserting the following new paragraph (i) at the end thereof:

 

“(i)           Notwithstanding any provision herein to the contrary, any deposit account opened, used and maintained solely for the purposes set forth in clause (c) of the definition of “Permitted Encumbrances” in Annex A shall be excluded from the requirements set forth in this Annex C.”

 

2.             Conditions.  The effectiveness of this Agreement is subject to the satisfaction of the following conditions precedent:

 

(a)           the execution and delivery of this Agreement by each Credit Party, Agent and the Requisite Lenders; and

 

(b)           the truth and accuracy of the representations and warranties contained in Section 3 hereof.

 

    	  

    	 

    
 

 

3.             Representations and Warranties.  Each Credit Party hereby represents and warrants to Agent and each Lender as follows:

 

(a)           the execution, delivery and performance by each of the Credit Parties of this Agreement have been duly authorized by all necessary action, and do not and will not:

 

(i)             contravene the terms of any of such Credit Party’s Organizational Documents;

 

(ii)           conflict with or result in any material breach or contravention of, or result in the creation of any Lien under, any indenture, mortgage, deed of trust, lease, agreement or other instrument to which such Credit Party is a party or by which such Credit Party or any of its property is bound or any order, injunction, writ or decree of any Governmental Authority to which such Person or its property is subject; or

 

(iii)           violate any material law or regulation in any material respect;

 

(b)           such Credit Party has the power and authority to execute, deliver and perform its obligations under this Agreement and the Credit Agreement, as amended hereby;

 

(c)           this Agreement and the Credit Agreement, as amended hereby, constitute the legal, valid and binding obligations of such Credit Party enforceable against such Credit Party in accordance with their terms, except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability;

 

(d)           after giving effect to this Agreement and the transactions contemplated hereby, each of the representations and warranties contained in the Credit Agreement and the other Loan Documents is true and correct in all material respects on and as of the date hereof as if made on the date hereof (except for representations and warranties that speak as of a specific date, which shall be true and correct as of such specific date); and

 

(e)           no Default or Event of Default exists or would result from the transactions contemplated by this Agreement.

 

4.             No Modification.  Nothing contained herein shall be deemed to constitute a waiver of compliance with any term or condition contained in the Credit Agreement or any of the other Loan Documents or constitute a course of conduct or dealing among the parties.  Agent and the Lenders reserve all rights, privileges and remedies under the Loan Documents.  Except as expressly amended hereby, the Credit Agreement and the other Loan Documents remain unmodified and in full force and effect.  All references in the Loan Documents to the Credit Agreement shall be deemed to be references to the Credit Agreement as amended hereby.  This Agreement shall constitute a Loan Document.

 

5.             Counterparts.  This Agreement may be executed in any number of counterparts and by different parties in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.  Signature pages may be detached from multiple separate counterparts and attached to a single counterpart.  Delivery of an executed signature page of this Agreement by facsimile transmission or Electronic Transmission shall be as effective as delivery of a manually executed counterpart hereof.

 

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6.             Successors and Assigns.  The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided that none of the Credit Parties may assign or transfer any of its rights or obligations under this Agreement without the prior written consent of Agent.

 

7.            Governing Law.  The laws of the State of New York shall govern all matters arising out of, in connection with or relating to this Agreement, including, without limitation, its validity, interpretation, construction, performance and enforcement (including, without limitation, any claims sounding in contract or tort law arising out of the subject matter hereof and any determinations with respect to post-judgment interest).

 

8.            Severability.  The illegality or unenforceability of any provision of this Agreement or any instrument or agreement required hereunder shall not in any way affect or impair the legality or enforceability of the remaining provisions of this Agreement or any instrument or agreement required hereunder.

 

9.             Captions.  The captions and headings of this Agreement are for convenience of reference only and shall not affect the interpretation of this Agreement.

 

10.          Reaffirmation.  Each of the Credit Parties as debtor, grantor, pledgor, guarantor, assignor or in any other similar capacity in which such Credit Party grants liens or security interests in its property or otherwise acts as accommodation party or guarantor, as the case may be, hereby (i) ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise, under each of the Loan Documents to which it is a party (after giving effect hereto) and (ii) to the extent such Credit Party granted liens on or security interests in any of its property pursuant to any such Loan Document as security for or otherwise guaranteed the Obligations, ratifies and reaffirms such guarantee and grant of security interests and liens and confirms and agrees that such security interests and liens hereafter secure all of the Obligations as amended hereby.  Each of the Credit Parties hereby consents to this Agreement and acknowledges that each of the Loan Documents remains in full force and effect and is hereby ratified and reaffirmed.  The execution of this Agreement shall not operate as a waiver of any right, power or remedy of Agent or the Lenders, constitute a waiver of any provision of any of the Loan Documents or serve to effect a novation of the Obligations.

 

11.           Release of Claims.  In consideration of the Lenders’ and Agent’s agreements contained in this Agreement, each Credit Party hereby irrevocably releases and forever discharge the Lenders and Agent and their affiliates, subsidiaries, successors, assigns, directors, officers, employees, agents, consultants and attorneys (each, a “Released Person”) of and from any and all claims, suits, actions, investigations, proceedings or demands, whether based in contract, tort, implied or express warranty, strict liability, criminal or civil statute or common law of any kind or character, known or unknown, which such Credit Party ever had or now has against Agent, any Lender or any other Released Person which relates, directly or indirectly, to any acts or omissions of Agent, any Lender or any other Released Person relating to the Credit Agreement or any other Loan Document on or prior to the date hereof.

 

[Remainder of Page Intentionally Left Blank; Signature Pages Follow]

 

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IN WITNESS WHEREOF, each of the undersigned has executed this Agreement as of the date set forth above.

 

	 	
BORROWER:

	 
	 	 	 
	 	
OTELCO INC.

	 
	 	 	 	 
	
 

	
By:   

	      /s/ Curtis L. Garner, Jr.	 
	 	Name:   Curtis L. Garner, Jr.	 
	 	Title:     Chief Financial Officer	 

 

First Amendment to Third Amended and Restated Credit Agreement

 

    	  

    	 

    
 

 

	 	

CREDIT PARTIES:

	 
	 	 	 
	 	

OTELCO TELECOMMUNICATIONS LLC

	 
	 	 	 	 
	
 

	
By:  

	      /s/ Curtis L. Garner, Jr.	 
	 	Name:   Curtis L. Garner, Jr.	 
	 	Title:     Chief Financial Officer	 

	 	 	 
	 	

OTELCO TELEPHONE LLC

	 
	 	 	 	 
	
 

	
By:  

	      /s/ Curtis L. Garner, Jr.	 
	 	Name:   Curtis L. Garner, Jr.	 
	 	Title:     Chief Financial Officer	 

	 	 	 
	 	

HOPPER TELECOMMUNICATIONS LLC

	 
	 	 	 	 
	
 

	
By:   

	      /s/ Curtis L. Garner, Jr.	 
	 	Name:   Curtis L. Garner, Jr.	 
	 	Title:     Chief Financial Officer	 

	 	 	 
	 	

BRINDLEE MOUNTAIN TELEPHONE LLC

	 
	 	 	 	 
	
 

	
By:  

	      /s/ Curtis L. Garner, Jr.	 
	 	Name:   Curtis L. Garner, Jr.	 
	 	Title:     Chief Financial Officer	 

	 	 	 
	 	

BLOUNTSVILLE TELEPHONE LLC

	 
	 	 	 	 
	
 

	
By:  

	      /s/ Curtis L. Garner, Jr.	 
	 	Name:   Curtis L. Garner, Jr.	 
	 	Title:     Chief Financial Officer	 

 

First Amendment to Third Amended and Restated Credit Agreement

 

    	  

    	 

    
 

 

	 	

MID-MAINE TELECOM LLC

	 
	 	 	 	 
	
 

	
By:  

	      /s/ Curtis L. Garner, Jr.	 
	 	Name:   Curtis L. Garner, Jr.	 
	 	Title:     Chief Financial Officer	 

	 	 	 
	 	

MID-MAINE TELPLUS LLC

	 
	 	 	 	 
	
 

	
By:  

	      /s/ Curtis L. Garner, Jr.	 
	 	Name:   Curtis L. Garner, Jr.	 
	 	Title:     Chief Financial Officer	 

	 	 	 
	 	

I-LAND INTERNET SERVICES LLC

	 
	 	 	 	 
	
 

	
By:  

	      /s/ Curtis L. Garner, Jr.	 
	 	Name:   Curtis L. Garner, Jr.	 
	 	Title:     Chief Financial Officer	 

	 	 	 
	 	

COMMUNICATIONS DESIGN ACQUISITION LLC

	 
	 	 	 	 
	
 

	
By:  

	      /s/ Curtis L. Garner, Jr.	 
	 	Name:   Curtis L. Garner, Jr.	 
	 	Title:     Chief Financial Officer	 

	 	 	 
	 	

CRC COMMUNICATIONS LLC

	 
	 	 	 	 
	
 

	
By:   

	      /s/ Curtis L. Garner, Jr.	 
	 	Name:   Curtis L. Garner, Jr.	 
	 	Title:     Chief Financial Officer	 

 

First Amendment to Third Amended and Restated Credit Agreement

 

    	  

    	 

    
 

 

	 	

SHOREHAM TELEPHONE LLC

	 
	 	 	 	 
	
 

	
By:   

	      /s/ Curtis L. Garner, Jr.	 
	 	Name:   Curtis L. Garner, Jr.	 
	 	Title:     Chief Financial Officer	 

	 	 	 
	 	

SACO RIVER TELEPHONE LLC

	 
	 	 	 	 
	
 

	
By:  

	      /s/ Curtis L. Garner, Jr.	 
	 	Name:   Curtis L. Garner, Jr.	 
	 	Title:     Chief Financial Officer	 

	 	 	 
	 	

PINE TREE TELEPHONE LLC

	 
	 	 	 	 
	
 

	
By:   

	      /s/ Curtis L. Garner, Jr.	 
	 	Name:   Curtis L. Garner, Jr.	 
	 	Title:     Chief Financial Officer	 

	 	 	 
	 	

WAR TELEPHONE LLC

	 
	 	 	 	 
	
 

	
By:  

	      /s/ Curtis L. Garner, Jr.	 
	 	Name:   Curtis L. Garner, Jr.	 
	 	Title:     Chief Financial Officer	 

	 	 	 
	 	

OTELCO MID-MISSOURI LLC

	 
	 	 	 	 
	
 

	
By:   

	      /s/ Curtis L. Garner, Jr.	 
	 	Name:   Curtis L. Garner, Jr.	 
	 	Title:     Chief Financial Officer	 

	 	 	 
	 	

GRANBY TELEPHONE LLC

	 
	 	 	 	 
	
 

	
By:   

	      /s/ Curtis L. Garner, Jr.	 
	 	Name:   Curtis L. Garner, Jr.	 
	 	Title:     Chief Financial Officer	 

First Amendment to Third Amended and Restated Credit Agreement

 

    	  

    	 

    
 

	 	AGENT AND LENDERS:	 
	 	 	 
	 	
GENERAL ELECTRIC CAPITAL CORPORATION,

	 
	 	as Agent and as a Lender	 
	 	 	 	 
	
 

	
By:   

	      /s/ Thomas Costello	 
	 	Name:   Thomas Costello	 
	 	Title:     Duly Authorized Signatory	 

 

First Amendment to Third Amended and Restated Credit Agreement

 

    	  

    	 

    
 

 

	 	
CoBank, ACB

	, 
	 	
as a Lender

	 
	 	 	 	 
	
 

	
By:   

	      /s/ Ken Allen	 
	 	Name:   Ken Allen	 
	 	Title:     Vice President	 

 

First Amendment to Third Amended and Restated Credit Agreement

 

    	  

    	 

    
 

	 	
Raymond James Bank, N.A.

	, 
	 	
as a Lender

	 
	 	 	 	 
	
 

	
By:   

	      /s/ H. Fred Coble, Jr.  	 
	 	Name:   H. Fred Coble, Jr.	 
	 	Title:     Senior Vice President	 

 

First Amendment to Third Amended and Restated Credit Agreement

 

    	  

    	 

    
 

 

	 	
Webster Bank, N.A.

	, 
	 	
as a Lender

	 
	 	 	 	 
	
 

	
By:   

	      /s/ Eric Ratner  	 
	 	Name:   Eric Ratner	 
	 	Title:     Vice President	 

First Amendment to Third Amended and Restated Credit Agreement

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