December 11, 2006

EXHIBIT 10.14

December 11, 2006

WHITE ELECTRONIC DESIGNS CORPORATION
0000 Xxxx Xxxxxxxxxx Xxxxx
Xxxxxxx, Xxxxxxx 00000

Re: Loan by JPMORGAN CHASE BANK, N.A. (successor by merger to Bank One, NA (Main Office Chicago)) (“Lender”) to WHITE ELECTRONIC DESIGNS CORPORATION (“Borrower”)

Ladies and Gentlemen:

     Lender has extended to Borrower credit pursuant to the Loan and Security Agreement, dated January 7, 2000 (as amended from time to time, “Loan Agreement”) in the principal amount of $12,000,000.00 (the “Loan”) and evidenced by the Promissory Note, dated June 30, 2000 (“Note”). Capitalized terms used herein and not otherwise defined shall have the meanings given them in the Loan Agreement.

     Lender and Borrower agree to amend the Loan Documents as follows:

     1. The definition of “Termination Date” in the Loan Agreement is hereby amended to mean March 31, 2007.

     2. The definition of “Maturity Date” in the Note is hereby amended to mean March 31, 2007.

     All other terms and conditions of the Loan Agreement and the other Loan Documents shall remain unchanged and in full force and effect. All property or rights to or interest in property granted as security for the Loan, shall remain as security for the Loan and the obligations of Borrower in the Loan Documents.

JPMorgan Chase Bank, N.A. Commercial Banking AZ1-1178 XX Xxx 00, Xxxxxxx XX 00000-0000

     Please acknowledge your receipt and acceptance of the foregoing terms and conditions by signing and returning a copy of this letter. In addition, please obtain the consent and agreement of the Guarantors by having them sign the copy of this letter to be returned by you.

		Sincerely,
		JPMORGAN CHASE BANK, N.A., (successor by merger to BANK ONE, NA, (Main Office Chicago)
		By:		/s/ Xxx Xxx
		Name:		Xxx Xxx
		Title		Vice President

Consented and agreed to
this 11^th day of December, 2006.

WHITE ELECTRONIC DESIGNS
CORPORATION, an Indiana corporation

By:		/s/ Xxxxx X. Xxxxxxxxxx
Name:		Xxxxx X. Xxxxxxxxxx
Title:		President & CEO

-2-

CONSENT AND AGREEMENT

     The foregoing amendments are hereby consented and agreed to this 11^th day of December, 2006.

		PANELVIEW, INCORPORATED, an oregon corporation
		By: Name:		/s/ Xxxxx X. Xxxxxxxxxx Xxxxx X. Xxxxxxxxxx
		Title:		President & CEO
		INTERFACE DATA SYSTEMS, INC., an Arizona corporation
		By:		/s/ Xxxxx X. Xxxxxxxxxx
		Name:		Xxxxx X. Xxxxxxxxxx
		Title:		President & CEO
		IDS ACQUISITION CORPORATION, an Arizona corporation
		By:		/s/ Xxxxx X. Xxxxxxxxxx
		Name:		Xxxxx X. Xxxxxxxxxx
		Title:		President & CEO
				GUARANTORS