WAIVER AGREEMENTWaiver Agreement • January 14th, 2010 • Video Display Corp • Electronic components & accessories • Georgia
This Waiver Agreement (this “Agreement”) is made and entered into as of January 12, 2010 by and between VIDEO DISPLAY CORPORATION, a Georgia corporation (“Parent”), LEXEL IMAGING SYSTEMS, INC. (“Lexel”), FOX INTERNATIONAL, LTD., INC. (“Fox”), Z-AXIS, INC. (“Z-Axis”), TELTRON TECHNOLOGIES, INC. (“Teltron”) and AYDIN DISPLAYS, INC. (“Aydin” and together with Lexel, Fox, Z-Axis and Teltron, collectively, the “Subsidiaries”; and the Subsidiaries, together with Parent, collectively, the “Borrower”), RONALD D. ORDWAY (“Guarantor”), and RBC BANK (USA) (formerly known as RBC Centura Bank) (the “Bank”) (the “Bank”);
