WAIVER OF DEFAULTSWaiver of Defaults • November 22nd, 2016 • Microphase Corp • Electronic components, nec • New York
THIS WAIVER TO THE LOAN AND SECURITY AGREEMENT (this “Waiver”), dated as of November 15, 2016 is entered into by and among MICROPHASE CORPORATION, a Connecticut company, MICROPHASE WEST LLC, a Delaware limited liability company, MICROPHASE INSTRUMENTS, LLC, a Delaware limited liability company (each individually and collectively “Borrower”), NECEDET ERGUL, an individual and RONALD DURANDO, an individual (each individually and collectively, “Guarantor”) and GERBER FINANCE INC., a New York corporation (“Lender”).
