Dan Tarantine 3601 E. University Dr. Phoenix, AZ 85034 Change in Control Agreement Dear Dan:Change in Control Agreement • December 14th, 2006 • White Electronic Designs Corp • Semiconductors & related devices • Arizona
The Board of Directors believes that it is in the best interests of White Electronic Design (“WED”) to take appropriate steps to allay any concerns you may have about your future employment opportunities with WED and its subsidiaries (WED and its subsidiaries are collectively referred to as the “Company”). As a result, the Board has decided to offer to you the benefits described below.
September 26, 2006Loan Agreement • December 14th, 2006 • White Electronic Designs Corp • Semiconductors & related devices
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.
AMENDMENT NO. 2 TO RIGHTS AGREEMENTRights Agreement • December 14th, 2006 • White Electronic Designs Corp • Semiconductors & related devices • Indiana
White Electronic Designs Corporation (the “Company”) and American Stock Transfer and Trust Company (the “Rights Agent”) hereby amend the Rights Agreement dated as of December 6, 1996 (the “Rights Agreement”) and amended on May 3,1998, by and between the Company and the Rights Agent, in accordance with Section 27 of the Rights Agreement.
