Non-Recourse Demand Note Sample Contracts

THIS NON-RECOURSE DEMAND NOTE IS SUBJECT TO THE TERMS OF THE CALL OPTION AGREEMENT, DATED AS OF JANUARY 4, 2002, BETWEEN MAKER AND MADISON RIVER TELEPHONE COMPANY, LLC NON-RECOURSE DEMAND NOTE

Non-Recourse Demand Note • December 11th, 2006 • Madison River Communications Corp. • Telephone communications (no radiotelephone) • Delaware

• Contract Type
  Non-Recourse Demand Note
• Filed
  December 11th, 2006
• Company
  Madison River Communications Corp.
• Industry
  Telephone communications (no radiotelephone)
• Jurisdiction
  Delaware

For value received, Bruce J. Becker (“Maker”) promises to pay on demand to the order of Madison River Capital, LLC, a Delaware limited liability company (the “Company”), at the Company’s principal place of business or at such other place as is designated in writing by the holder of this Note, the aggregate principal amount of $466,667.