Extension Letter Agreement for Working Capital and Equipment Lines of Credit between Middlesex Savings Bank and Valpey Fisher Corporation

Summary

Middlesex Savings Bank has agreed to extend Valpey Fisher Corporation's $1,000,000 Working Capital Line of Credit and $1,000,000 Equipment Line of Credit for three months, until August 31, 2011. All original terms and conditions remain unchanged during this extension. The extension provides the bank additional time to seek formal approval for a potential one-year renewal of these credit facilities. The agreement is confirmed by signatures from both parties.

EX-4.1 2 a6825044ex4_1.htm EXHIBIT 4.1 a6825044ex4_1.htm

Exhibit 4.1

Middlesex Savings Bank

June 24, 2011

Michael J. Kroll, CFO

Valpey Fisher Corporation

75 South Street

Hopkinton, MA 01748

Dear Mike:

I am pleased to inform you that Middlesex Savings Bank has approved a three month extension of Valpey Fisher Corporation's Working Capital Line of Credit in the amount of $1,000,000.00 and its Equipment Line of Credit in the amount of $1,000,000.00 for three months until August 31, 2011. All terms and conditions existing and originally set forth will remain in effect. Such an extension will allow Middlesex Savings Bank sufficient time to seek formal credit approval for a full year renewal of the aforementioned credit facilities.

Please indicate your acceptance of this Letter by signing below and faxing a copy back to my attention at ###-###-#### and then mailing this original back to me.

We appreciate your business.

Thank you,

/s/ Tony Zhang

Tony Zhang

Vice President

Accepted: Valpey Fisher Corporation

/s/ Michael J. Kroll		6/27/2011
Michael J. Kroll, CFO		Date