0000897101-06-002348 Sample Contracts

SHAREHOLDER AGREEMENT OF HECTOR ACQUISITION CORP.
Shareholder Agreement • November 13th, 2006 • New Ulm Telecom Inc • Telephone communications (no radiotelephone) • Minnesota

THIS SHAREHOLDER AGREEMENT (this “Agreement”) is made and entered into effective as of November 1, 2006 (the “Effective Date”), by and among Arvig Enterprises, Inc., Blue Earth Valley Communications, Inc. and New Ulm Telecom, Inc. (the “Shareholders” and each individually, a “Shareholder”).

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