Document:

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                                                                    EXHIBIT 10.1

                       SECOND AMENDMENT TO LOAN AGREEMENT

      This Second Amendment to Loan Agreement (this "AMENDMENT"), is made as of
this 12th day of May 2005, by and among by and among J. Oliver Cunningham Trust
dated February 26, 1971, an Indiana trust (the "CUNNINGHAM TRUST"), the Anne C.
McClure Trust dated February 26, 1971, an Illinois trust (the "MCCLURE TRUST"),
the Jane C. Warriner Trust dated February 26, 1971, an Indiana trust (the
"WARRINER TRUST" and together with the Cunningham Trust and the McClure Trust,
the "OLIVER LENDERS"), Noro-Moseley Partners V, L.P., a Georgia limited
partnership ("NORO-MOSELEY"), Wakefield Group III, LLC a North Carolina limited
liability company ("WAKEFIELD"; each of the Oliver Lenders, Noro-Moseley and
Wakefield are a "LENDER" and together are the "LENDERS"), Cypress Communications
Holding Co. Inc., a Delaware corporation, and Cypress Communications, Inc., a
Delaware corporation (each herein called a "BORROWER" and collectively, the
"BORROWERS."

      WHEREAS, Borrowers and Lenders are party to that certain Loan Agreement,
dated as of July 16, 2002, as amended by the First Amendment to Loan Agreement
on March 25, 2004, (as the same may be modified, amended or supplemented from
time to time and as modified herein, the "LOAN AGREEMENT"; capitalized terms
used herein and not otherwise defined herein shall have the meanings ascribed to
such terms in the Loan Agreement);

      WHEREAS, Borrowers have requested that Lenders agree to certain amendments
to the Loan Agreement, as more fully described herein; and

      WHEREAS, Lenders are willing to agree to the amendments requested by
Borrowers, on the terms and conditions contained herein.

      NOW, THEREFORE, in consideration of the premises and mutual covenants
contained herein and in the Loan Agreement, Lenders and Borrowers hereby amend
the Loan Agreement and agree as follows:

      1. Amendments to Loan Agreement.

            Section 1.1 of the Loan Agreement is hereby amended by deleting the
definition of "Term Loan Maturity Date" in its entirety and replacing it with
the following:

            "TERM LOAN MATURITY DATE" shall mean:

            (i) if on or after the date of this Amendment, the maturity date of
      the Senior Debt is extended beyond July 11, 2005, the earlier of (x)
      January 16, 2006, or (y) the Business Day immediately following the
      maturity, acceleration or termination of the Senior Debt (as so extended),
      or

            (ii) if on or after the date of this Amendment, the maturity date of
      the Senior Debt is not extended beyond July 11, 2005, the earlier of (x)
      January 16, 2006 or (ii) the Business Day immediately following the
      occurrence of a Qualified Refinancing Event.

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            Section 1.1 of the Loan Agreement is hereby amended by deleting the
definition of "Fixed Rate" in its entirety and replacing it with the following:

            "FIXED RATE" shall mean 14% per annum during the period of July 16,
      2002 through July 16, 2005 and shall mean 12% per annum for the period of
      July 17, 2005 through the Term Loan Maturity Date, as amended.

            Section 2.8 of the Loan Agreement is hereby amended by deleting
"Term Loan Maturity Date" as it appears therein and replacing it with "July 16,
2005".

            The Loan Agreement is hereby amended by adding new Section 2.8.1
which reads as follows:

            2.8.1 EXTENSION LOAN FEES. Upon execution of the Second Amendment to
the Loan Agreement, Borrowers shall pay each Lender an extension loan fee equal
to 2.5% of the then outstanding principal balance of the Term Loan. The
Borrowers shall pay to each Lender the extension loan fee promptly following the
execution of the Second Amendment to the Loan Agreement by each of the parties
thereto.

      2.    Successors and Assigns. This Amendment shall be binding upon and
            inure to the benefit of and be binding upon each Lender and each
            Borrower and their respective successors, assigns, heirs, executors
            and administrators.

      3.    Severability. Every provision of this Amendment is intended to be
            severable. If any term or provision hereof is illegal or invalid for
            any reason whatsoever, such illegality or invalidity shall not
            affect the remainder of this Amendment.

      4.    Governing Law. This Amendment shall be deemed to be made under and
            governed by the internal laws of the State of Delaware.

      5.    Entire Agreement. The Loan Agreement and other documents delivered
            pursuant thereto and this Amendment constitute the full and entire
            understanding and agreement between the Lenders and the Borrowers
            with regard to the subject hereof and thereof.

      6.    Full Force and Effect. Except as specifically amended hereby, the
            Loan Agreement shall remain in full force and effect in accordance
            with its terms and the Loan Agreement and this Amendment shall be
            read, taken and construed as one and the same instrument.

      7.    Survival. The representations, warranties, covenants and agreements
            made herein shall survive the closings of the transactions
            contemplated hereby.

      8.    Headings. The titles of the sections of this Amendment are for
            convenience of reference only and are not to be considered in
            construing this Amendment.

      9.    Counterparts. This Amendment may be executed in any number of
            counterparts, each of which shall be an original, but all of which
            together shall constitute one instrument.

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      IN WITNESS HEREOF, the parties have executed and delivered this Amendment
as of the day and year first above written.

                         BORROWERS:

                         CYPRESS COMMUNICATIONS HOLDING CO., INC., a
                         Delaware corporation

                         By: /s/ Gregory P. McGraw
                             -------------------------------------------
                         Name: Gregory P. McGraw
                         Title: President & Chief Executive Officer

                         CYPRESS COMMUNICATIONS, INC., a Delaware
                         corporation

                         By: /s/ Gregory P. McGraw
                            --------------------------------------------
                         Name: Gregory P. McGraw
                         Title: President & Chief Executive Officer

                         LENDERS:

                         J. OLIVER CUNNINGHAM TRUST, dated February 26,
                         1971, an Indiana trust

                         By: /s/ Ross J. Mangano
                             -------------------------------------
                         Name: Ross J. Mangano
                         Title:   Trustee

                         ANNE. C. MCCLURE TRUST, dated February 26, 1971,
                         an Illinois trust

                         By: /s/ Ross J. Mangano
                             ----------------------------------------
                         Name: Ross J. Mangano
                         Title: Trustee

                         JANE C. WARRINER TRUST, dated February 26, 1971,
                         an Indiana trust

                         By: /s/ Ross J. Mangano
                             ----------------------------------------
                         Name: Ross J. Mangano
                         Title: Trustee

                         NORO-MOSELEY PARTNERS V, L.P., a Georgia limited
                         partnership

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                         By: /s/ Steve G. Nussrallah
                             -----------------------------------------
                         Name: ----------------------------
                         Title: ---------------------------

                         WAKEFIELD GROUP III LLC, a North Carolina limited
                         liability company

                         By:/s/Michael F. Elliott
                            --------------------------------------------------
                         Name: ----------------------------
                         Title: ---------------------------<PAGE>

Form of Community First, Inc. Non-Qualified Stock Option Agreement  Exhibit 10.1

                              COMMUNITY FIRST, INC.
                      NON-QUALIFIED STOCK OPTION AGREEMENT

TO:

      We are pleased to notify you that you have been granted an option
("Option") to purchase _________ shares of the common stock no par value
("Common Stock") of Community First, Inc. (the "Company") at a price of $______
per share, the Fair Market Value of the Common Stock, under the Company's 2005
Stock Incentive Plan (the "Plan") by the Board of Directors (the "Board of
Directors" or "Board") of the Company or a Committee of the Board (the
"Committee") administering the Plan, as the case may be. This Option may
thereafter be exercised only upon the terms and conditions set forth below.

      1.    PURPOSE OF PLAN

      The purpose of the Plan under which this Option has been granted is to
enable the Company to attract, retain and reward key employees of and
consultants to the Company and its direct and indirect subsidiaries (each a
"Subsidiary", and, collectively, "Subsidiaries") and directors who are not also
employees of the Company, and to strengthen the mutuality of interests between
such key employees, consultants, and directors by awarding such key employees,
consultants, and directors (collectively "Participants") performance-based stock
incentive and/or other equity interests or equity-based incentives in the
Company, as well as performance-based incentives payable in cash.

      2.    PLAN CONTROLS

      This Option is granted pursuant to the terms of the Plan and is subject to
all of the terms and conditions of the Plan, which is incorporated herein by
reference. The Compensation Committee has authority to interpret this Option and
its interpretation shall be binding. If any of the provisions of this Option
conflict with or are inconsistent with the provisions of the Plan, the
provisions of the Plan shall be controlling.

      3.    ACCEPTANCE OF OPTION AGREEMENT

      Your execution of this option agreement will indicate your acceptance of
and your willingness to be bound by its terms; it imposes no obligation upon you
to purchase any of the shares subject to the Option. Your obligation to purchase
shares can arise only upon your exercise of the Option in the manner set forth
in Section 5 hereof.

      4.    WHEN OPTION MAY BE EXERCISED

      This option may be exercised in cumulative annual installments of ____% of
the total number of shares purchasable by you hereunder, the first such
installment being exercisable on _____, _______ (or one year from the date of
the grant) and subsequent additional installments of ____% of such shares being
exercisable on each anniversary of the _______ succeeding years thereafter. This
Option expires 10 years from the date of grant whether or not it has been duly
exercised, unless sooner terminated as provided in Sections 6, 7, and 8 hereof.

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      5.    HOW OPTION MAY BE EXERCISED.

      This Option is exercisable by giving written notice to the Company at its
executive offices, signifying your election to exercise the Option. The notice
must state the number of shares of Common Stock as to which the Option is being
exercised, must contain a statement by you (in a form acceptable to the Company)
that such shares are being acquired by you for investment and not with a view to
their distribution or resale (unless a registration statement covering the
shares purchasable been declared effective by the Securities and Exchange
Commission) and must be accompanied by check payable to the order of the Company
for the full purchase price of the shares being purchased and such amount, if
any, as may be required for income tax withholding. No shares shall be issued
until full payment therefor has been made and your income tax withholding
obligations satisfied.

      If notice of the exercise of this Option is given by a person or persons
other than you, the Company will require the submission to the Company of
appropriate proof of the right of such person or persons to exercise this
Option.

      Certificates for shares of the Common Stock so purchased will be issued as
soon as practicable. The Company, however, shall not be required to issue or
deliver a certificate for any shares until it has complied with all requirements
of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934,
as amended, any stock exchange on which the Common Stock may then be listed and
all applicable state laws in connection with the issuance or sale of such shares
or the listing of such shares on said exchange. Until the issuance of the
certificate for such shares, you or such other person as may be entitled to
exercise this Option, shall have none of the rights of a shareholder with
respect to shares subject to this Option.

      6.    TERMINATION OF EMPLOYMENT

      If your employment with the Company (or a Subsidiary) is terminated for
any reason other than as a result of your death, Disability or Normal or Early
Retirement, you may exercise that portion of this Option which was exercisable
by you at the date of termination at any time within ninety (90) days of the
date of such termination; provided, however, such exercise occurs within 10
years of the date this Option was granted to you, and further provided that in
the event such termination was for "Cause" (as defined in the Plan), this Option
shall immediately lapse and expire.

      7.    RETIREMENT OR DISABILITY

      If your employment with the Company (or a Subsidiary) is terminated by
reason of your Disability or Normal or Early Retirement, you may exercise that
portion of this Option which was exercisable by you at the date of such
termination at any time within three years of the date of such termination;
provided, however, that such exercise occurs within 10 years of the date this
Option was granted to you.

                                       2
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      8.    DEATH

      If you die while employed by the Company (or a Subsidiary), or within
three years following termination of your employment due to Disability or Normal
or Early Retirement, that portion of this Option which was exercisable by you at
the date of your death, Disability or Retirement may be exercised by the legal
representative of your estate or the legatee or legatees under your will within
12 months from the date of your death, but in no event after 10 years from the
date this Option was granted to you.

      9.    NON-TRANSFERABILITY OF OPTION

      This Option shall not be assignable or transferable without the prior
written consent of the Committee except (a) to a member of your Immediate Family
or a trust for the benefit of you or a member of your Immediate Family or (b) by
will or the laws of descent and distribution.

      10.   NON-QUALIFIED STOCK OPTION

      This Option is not intended to be an "incentive stock option" as defined
in Section 422 of the Internal Revenue Code of 1986, as amended.

      11.   ADJUSTMENTS

      The number of shares of Common Stock subject to this Option and the price
per share of such shares may be adjusted by the Board of Directors from time to
time pursuant to the Plan.

      12.   MODIFICATION

      This Option may be amended by the Committee, or the Board, as the case may
be (subject to certain limitations as set forth in the Plan), prospectively or
retroactively and in whole or in part, except that no such action may impair
your rights with respect to this Option without your consent.

      13.   MEANING OF CAPITALIZED TERMS

      Capitalized terms used herein and not otherwise defined shall have the
meaning ascribed to them in the Plan.

      14.   WHEN OPTION BECOMES EFFECTIVE

      This Option shall not become effective unless a copy of this option
agreement has been signed by you and returned to the Company at the following
Address:

                              Community First, Inc.
                         501 South James Campbell Blvd.
                              Columbia TN 38401
                              Attn: Diane Scroggins

                                       3
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                                         Sincerely yours,

                                         COMMUNITY FIRST, INC.

                                         By:__________________________________
                                         Name: _______________________________
                                         Title: ______________________________

Agreed to and accepted this

_____day of________, ______

___________________________

Name: _____________________

                                       4

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