Waiver and Modification to Loan and Security Agreement Sample Contracts

WAIVER AND MODIFICATION TO LOAN AND SECURITY AGREEMENT

Waiver and Modification to Loan and Security Agreement • March 7th, 2014 • Advanced Photonix Inc • Semiconductors & related devices

• Contract Type
  Waiver and Modification to Loan and Security Agreement
• Filed
  March 7th, 2014
• Company
  Advanced Photonix Inc
• Industry
  Semiconductors & related devices

This Waiver and Modification to Loan and Security Agreement (“Modification”) is executed on March __, 2014 but effective as of February 28, 2014 (the “Modification Effective Date”), by and among Partners for Growth III, L.P., a Delaware limited partnership corporation (“PFG”) with its principal place of business at 150 Pacific Avenue, San Francisco, California 94111, and each of Advanced Photonix, Inc., a Delaware corporation (“API”) and Picometrix, LLC, a Delaware limited liability company (“Picometrix”), each with its principal place of business at 2925 Boardwalk, Ann Arbor, MI 48104 (individually and collectively, jointly and severally, “Borrower”).