CREDIT AGREEMENT Dated as of March 11, 2013 by and among WARWICK VALLEY TELEPHONE COMPANY, as the Borrower, the LENDERS listed on the signature pages hereto, as the Lenders, and TRISTATE CAPITAL BANK, as the AgentCredit Agreement • May 10th, 2013 • Warwick Valley Telephone Co • Telephone communications (no radiotelephone) • Pennsylvania
THIS CREDIT AGREEMENT, dated as of March 11, 2013, by and among WARWICK VALLEY TELEPHONE COMPANY, a New York corporation (the “Borrower”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”) and TRISTATE CAPITAL BANK, a Pennsylvania state chartered bank, as Agent (in such capacity, the “Agent”). The parties hereto, intending to be legally bound hereby, agree as follows:
REVOLVING CREDIT NOTERevolving Credit Note • May 10th, 2013 • Warwick Valley Telephone Co • Telephone communications (no radiotelephone)
FOR VALUE RECEIVED, WARWICK VALLEY TELEPHONE COMPANY, a New York corporation (the “Borrower”), promises to pay to the order of TRISTATE CAPITAL BANK (the “Lender”) the principal amount of SEVENTEEN MILLION DOLLARS ($17,000,000) or, if less, the aggregate amount of Loans (as defined in the Credit Agreement referred to below) made by the Lender to the Borrower pursuant to the Credit Agreement referred to below outstanding on the Expiration Date (as defined in such Credit Agreement) on the Expiration Date.
EMPLOYMENT AGREEMENTEmployment Agreement • May 10th, 2013 • Warwick Valley Telephone Co • Telephone communications (no radiotelephone) • New York
The parties to this Employment Agreement (the “Agreement”) are Warwick Valley Telephone Company, a New York corporation having its principal offices at 47 Main Street, Warwick, New York 10990 (the “Company”), and David J. Cuthbert, an individual residing at [ ] (the “Executive”).
