0001188112-11-000489 Sample Contracts

SECOND AMENDMENT OF EMPLOYMENT AGREEMENT
Employment Agreement • March 4th, 2011 • Otelco Inc. • Telephone communications (no radiotelephone)

WHEREAS, OTELCO INC. (the “Company”) has previously entered into an Employment Agreement (the “Agreement”), dated as of November 15, 2006, with Jerry C. Boles (the “Employee”), as amended on December 17, 2008, setting forth the terms and conditions of the Employee’s employment with the Company; and

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SECOND AMENDMENT OF EMPLOYMENT AGREEMENT
Employment Agreement • March 4th, 2011 • Otelco Inc. • Telephone communications (no radiotelephone)

WHEREAS, OTELCO INC. (the “Company”), as successor to Mid-Maine Communications, Inc., has previously entered into an Employment Agreement (the “Agreement”), dated as of July 3, 2006, with Nicholas A. Winchester (the “Employee”), as amended on December 31, 2008, setting forth the terms and conditions of the Employee’s employment with the Company; and

AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • March 4th, 2011 • Otelco Inc. • Telephone communications (no radiotelephone) • New York

Amended and Restated Employment Agreement dated as of April 10, 2009 (this “Agreement”), by and between OTELCO INC., a Delaware corporation (“Otelco” or the “Company”) and EDWIN D. TISDALE (the “Employee”).

SECOND AMENDMENT OF EMPLOYMENT AGREEMENT
Employment Agreement • March 4th, 2011 • Otelco Inc. • Telephone communications (no radiotelephone)

WHEREAS, OTELCO INC. (the “Company”) has previously entered into an Employment Agreement (the “Agreement”), dated as of August 24, 2006, with Dennis Andrews (the “Employee”), as amended on December 17, 2008, setting forth the terms and conditions of the Employee’s employment with the Company; and

AMENDMENT OF AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • March 4th, 2011 • Otelco Inc. • Telephone communications (no radiotelephone)

WHEREAS, OTELCO INC. (the “Company”) has previously entered into an Amended and Restated Employment Agreement (the “Agreement”), dated as of April 27, 2009, with Robert Souza (the “Employee”), setting forth the terms and conditions of the Employee’s employment with the Company; and

AMENDMENT OF AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • March 4th, 2011 • Otelco Inc. • Telephone communications (no radiotelephone)

WHEREAS, OTELCO INC. (the “Company”) has previously entered into an Amended and Restated Employment Agreement (the “Agreement”), dated as of April 10, 2009, with Edwin D. Tisdale (the “Employee”), setting forth the terms and conditions of the Employee’s employment with the Company; and

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