SEC Contract Filing

Filing Date: 2020-03-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.24
<SEQUENCE>3
<FILENAME>exhibit10_24.htm
<DESCRIPTION>EXHIBIT 10.24
<TEXT>
<HTML>
<head><title>Exhibit 10.24</title> </head> <body lang=EN-US> <div style=page:WordSection1> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt 0.25in' align=right><b><font style='FONT-FAMILY:"Times New Roman","serif"'>EXHIBIT 10.24</font></b></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:right; MARGIN:0in 0in 0pt 0.25in' align=right><b></b>&nbsp;</p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><font style='FONT-FAMILY:"Times New Roman","serif"'>February 17, 2020</font></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><b><u><font style='FONT-FAMILY:"Times New Roman","serif"'></font></u></b>&nbsp;</p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><font style='FONT-FAMILY:"Times New Roman","serif"'>Nuvera Communications, Inc. </font></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><font style='FONT-FAMILY:"Times New Roman","serif"'>400 Second Street North</font></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><font style='FONT-FAMILY:"Times New Roman","serif"'>P.O. Box 697</font></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><font style='FONT-FAMILY:"Times New Roman","serif"'>New Ulm, Minnesota 56073-0697</font></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><font style='FONT-FAMILY:"Times New Roman","serif"'>Attn: Manager</font></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><font style='FONT-FAMILY:"Times New Roman","serif"'>Fax No.:&nbsp; 507-354-1982</font></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'>&nbsp;</p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><font style='FONT-FAMILY:"Times New Roman","serif"'>Ballard Spahr LLP</font></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><font style='FONT-FAMILY:"Times New Roman","serif"'>2000 IDS Center</font></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><font style='FONT-FAMILY:"Times New Roman","serif"'>80 South Eighth Street Minneapolis, Minnesota 55402 </font></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><font style='FONT-FAMILY:"Times New Roman","serif"'>Attn:&nbsp; Thomas Lovett, IV</font></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><font style='FONT-FAMILY:"Times New Roman","serif"'>Fax No.:&nbsp; 612-371-3207</font></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'>&nbsp;</p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><font style='FONT-FAMILY:"Times New Roman","serif"'>Re:&nbsp; Amendments</font></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><font style='FONT-FAMILY:"Times New Roman","serif"'>&nbsp;&nbsp;&nbsp; </font></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><font style='FONT-FAMILY:"Times New Roman","serif"'>Ladies and Gentlemen:</font></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'>&nbsp;</p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><font style='FONT-FAMILY:"Times New Roman","serif"'>Reference is made to that certain Second Amended and Restated Master Loan Agreement (as amended, modified, supplemented, extended or restated from time to time, the &#147;<b><u>MLA</u></b>&#148;), dated as of July 31, 2018, by and between Nuvera Communications, Inc. (the &#147;<b><u>Borrower</u></b>&#148;) and CoBank, ACB (&#147;<b><u>CoBank</u></b>&#148;), as supplemented by that certain Fourth Supplement to the Second Amended and Restated Master Loan Agreement, dated as of July 31, 2018, by and between the Borrower and CoBank (as amended, modified, supplemented, extended or restated from time to time, the &#147;<b><u>Fourth Supplement</u></b>&#148;), and by that certain Fifth Supplement to the Second Amended and Restated Master Loan Agreement, dated as of July 31, 2018, by and between the Borrower and CoBank (as amended, modified, supplemented, extended or restated from time to time, the &#147;<b><u>Fifth Supplement</u></b>&#148;; the MLA, as supplemented by the Fourth Supplement and the Fifth Supplement, the &#147;<b><u>Loan Agreement</u></b>&#148;). Capitalized terms used but not defined herein have the meanings assigned to them in the Loan Agreement.</font></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:'>&nbsp;</p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u><font style='FONT-FAMILY:"Times New Roman","serif"'>Amendments</font></u></p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:' align=center><u><font style='FONT-FAMILY:"Times New Roman","serif"'></font></u>&nbsp;</p> <p style='FONT-SIZE:11pt; FONT-FAMILY:"Arial","sans-serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 0.5in; TEXT-AUTOSPACE:; TEXT-INDENT:-0.25in'><font style='FONT-FAMILY:"Times New Roman","serif"'>A.<font style='FONT:7pt "Times New Roman"'>&nbsp; </font></font>