FOURTH AMENDMENT AND FORBEARANCE TO LOAN AND SECURITY AGREEMENT (EX-IM LOAN FACILITY)Loan and Security Agreement • February 10th, 2014 • Advanced Photonix Inc • Semiconductors & related devices
THIS FOURTH AMENDMENT AND FORBEARANCE to Loan and Security Agreement (this “Amendment”) is entered into as of February __, 2014, by and between Silicon Valley Bank (“Bank”) and ADVANCED PHOTONIX, INC., PICOMETRIX, LLC and ADVANCED PHOTONIX CANADA, INC. (individually, a “Borrower” and, collectively, the “Borrowers”).
FORBEARANCE AGREEMENTForbearance Agreement • February 10th, 2014 • Advanced Photonix Inc • Semiconductors & related devices • California
THIS FORBEARANCE AGREEMENT (this “Agreement”) is executed and effective this __ day of February, 2014 (the “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 and Picometrix, LLC, a Delaware limited liability company, each with its principal place of business at 2925 Boardwalk, Ann Arbor, MI 48104 (individually and collectively, jointly and severally, “Borrower”).
