Extension Agreement for 8% Promissory Notes between Halifax Corporation and Arch C. Scurlock Children’s Trust/Nancy Morrison Scurlock

/s/ Nancy M. Scurlock

Nancy M. Scurlock, Trustee

/s/ Arch C. Scurlock Jr.,

Arch C. Scurlock, Jr., Trustee

/s/ Mary Scurlock Adamson

Mary Scurlock Adamson, Trustee

/s/ John H. Grover

John H. Grover Trustee

Summary

Halifax Corporation has agreed with the Arch C. Scurlock Children’s Trust and Nancy Morrison Scurlock to extend the maturity date of $500,000 in 8% promissory notes, plus accrued interest, to July 1, 2010. This extension is made under a prior subordination agreement with Textron Financial Corporation. All other terms of the original notes remain unchanged. The agreement is signed by the trustees of the Arch C. Scurlock Children’s Trust and Nancy Morrison Scurlock.

EX-10.34 3 w74673exv10w34.htm EX-10.34 exv10w34

Exhibit 10.34

May 28, 2009
Halifax Corporation
5250 Cherokee Avenue

Pursuant to a subordination agreement dated July 1, 2008 between Textron Financial Corporation and the subordinated debt holders, Research Industries, further assigned on June 29, 2005 to the Arch C. Scurlock Children’s Trust, the maturity date of the remaining principal balance of $500,000 on the 8% promissory notes plus accrued interest thereon are extended to July 1, 2010.

All other terms and conditions of the notes remain the same.

Dated this 11^th day of June 2009

The Arch C. Scurlock Children’s Trust

May 28, 2009
Halifax Corporation
5250 Cherokee Avenue

Pursuant to a subordination agreement dated July 1, 2008 between Textron Financial Corporation and the subordinated debt holders, Research Industries, further assigned on June 29, 2005 to Nancy Morrison Scurlock, the maturity date of the remaining principal balance of $500,000 on the 8% promissory notes plus accrued interest thereon are extended to July 1, 2010.

All other terms and conditions of the notes remain the same.

Dated this 11^th day of June 2009


/s/ Nancy Morrison Scurlock
Nancy Morrison Scurlock