On March 16, 2022, Nuvera Communications, Inc. and CoBank, ACB entered (i) an Agreement Regarding Amendments to Loan Documents and (ii) an Amended and Restated Revolving Loan Promissory Note (the “Agreement”). The Agreements amended the Company's existing credit facility with CoBank. Under the Agreements, among other thing, (i) the Company's revolving loan was increased from $10.0 million to $20.0 million, (ii) the maturity date of the revolving loan was set at June 30, 2022, and (iii) the Company operating subsidiaries listed in Exhibit 10.1 agreed to extend their previous guarantees, security interests and mortgages to cover the increased amount of the revolving note.

The Company anticipates that it will enter into a new credit facility with CoBank to replace its existing credit facility prior to the June 30, 2022 maturity date of the revolving loan. The new credit facility will be structured to meet Nuvera's existing and expected future liquidity and capital resource needs for the next several years.