0001144204-12-060924 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • November 9th, 2012 • Warwick Valley Telephone Co • Telephone communications (no radiotelephone) • New York

This Employment Agreement (this “Agreement”) is made and entered into as of August 1, 2012 and shall be effective August 3, 2012 (the “Effective Date”), by and between WVT Communications Group (the “Company”) and Brian H. Callahan (“Executive”).

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August 2, 2012
Warwick Valley Telephone Co • November 9th, 2012 • Telephone communications (no radiotelephone)

Reference is made to that certain Master Loan Agreement, dated as of February 18, 2003 (the “MLA”), by and between Warwick Valley Telephone Company (the “Borrower”) and CoBank, ACB (“CoBank”), and that certain Amended and Restated Second Supplement to Master Loan Agreement, dated as of the date hereof (the “Second Supplement” and, together with the MLA, as each may be amended, restated, modified or supplemented from time to time, the “Loan Agreement”). Capitalized terms used and not defined herein shall have the meanings assigned to such terms in the Loan Agreement.

THIRD SUPPLEMENT TO THE MASTER LOAN AGREEMENT
Master Loan Agreement • November 9th, 2012 • Warwick Valley Telephone Co • Telephone communications (no radiotelephone)

This THIRD SUPPLEMENT TO THE MASTER LOAN AGREEMENT (this “Third Supplement”), is entered into as of August 2, 2012, by and between COBANK, ACB (“CoBank”) and WARWICK VALLEY TELEPHONE COMPANY (the “Borrower”), and supplements the Master Loan Agreement, dated as of February 18, 2003, by and between CoBank and the Borrower (as the same has been amended on the date hereof and as the same may be amended, modified, supplemented, extended or restated from time to time, the (“MLA”)). Capitalized terms used and not otherwise defined in this Third Supplement shall have the meanings assigned to them in the MLA.

AMENDment No. 1 to the Lock-Up and Put Agreement
Warwick Valley Telephone Co • November 9th, 2012 • Telephone communications (no radiotelephone) • New York

THIS AMENDment No. 1 to the Lock-up and put agreement, dated as of September 25, 2012 (this “Amendment”), is by and between David Cuthbert (a “Holder”) and Warwick Valley Telephone Company, a New York corporation with its principal office at 47 Main Street, PO Box 592, Warwick, New York 10990 (“Parent”).

AGREEMENT FOR SALE OF SHARES
Agreement for Sale of Shares • November 9th, 2012 • Warwick Valley Telephone Co • Telephone communications (no radiotelephone) • New York

THIS AGREEMENT FOR SALE OF SHARES (this “Agreement”) is made as of August 22, 2012 (the “Effective Date”), by and among Warwick Valley Telephone Company, a New York corporation with offices at 47 Main St., PO Box 592, Warwick, NY 10990 (“Parent”), and each of the individuals identified on the signature page of this Agreement who have executed and delivered to Parent a signature page hereto (each, a “Selling Holder” and collectively, the “Selling Holders”). Parent and the Selling Holders are sometimes referred to individually as a “Party” and collectively as the “Parties”.

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