Letter Agreement for Removal of Personal Guarantee – YDI Wireless, Inc. and Gary W. Havener

Summary

YDI Wireless, Inc., through its CEO Robert E. Fitzgerald, notifies Gary W. Havener that, following the planned merger between Phazar Corp. and YDI Wireless, his personal guarantee on a bank loan to Antenna Products Corporation will be removed. This guarantee is tied to a property in Mineral Wells, Texas. The company commits to ending Havener’s liability within 30 days after the merger closes, either by having the bank cancel the guarantee or by paying off the loan.

EX-10.37 4 exhibit_10-37.txt GARY W. HAVENER LETTER AGREEMENT Exhibit 10.37 [LETTERHEAD OF YDI WIRELESS, INC.] October 30, 2003 Via Telecopy (817 ###-###-####) and Mail Mr. Gary W. Havener P.O. Box 121969 Fort Worth, TX 76121-1969 Re: Removal of Personal Guarantee ----------------------------- Dear Gary: I am very pleased to inform you that I and the other officers of YDI Wireless have received authorization from our Board of Directors, in the context of the contemplated merger between Phazar Corp. and YDI Wireless, to remove your personal guarantee from the bank loan made to Antenna Products Corporation secured by the 9.9 acre property located at 101 S.E. 25th Avenue, Mineral Wells, Texas which had an unpaid principal balance of approximately $680,000 as of August 31, 2003. We will cause all liability under your personal guarantee to cease within thirty (30) days after the closing of the contemplated merger either by having the bank cancel that guarantee or by paying off the underlying debt. Very truly yours, /s/ Robert E. Fitzgerald Robert E. Fitzgerald Chief Executive Officer