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

Summary

Middlesex Savings Bank has renewed Valpey-Fisher Corporation’s $1,000,000 working capital line of credit and $1,000,000 equipment line of credit until June 30, 2012. All original terms and conditions remain unchanged. The agreement is confirmed by signatures from both parties. This renewal allows Valpey-Fisher continued access to these credit facilities under the same terms for the specified period.

EX-4.1 2 a50062826_ex41.htm EXHIBIT 4.1 a50062826_ex41.htm
Exhibit 4.1
 

 
August 31, 2011

Mr. Michael J. Kroll
Valpey-Fisher Corporation
75 South Street
Hopkinton, MA  01748

Dear Michael:

I am pleased to inform you that Middlesex Savings Bank has renewed Valpey-Fisher Corporation’s working capital line of credit in the amount of $1,000,000.00 and the equipment line of credit in the amount of $1,000,000.00 until June 30, 2012.

All terms and conditions existing and originally set forth in establishing the two lines of credit will remain in effect.

If you are in agreement, please indicate your acceptance by signing at the bottom of this page and return to my attention at your earliest convenience.

We appreciate your business!

Sincerely,

/s/ Tony Zhang

Tony Zhang
Vice President


Accepted by:  Valpey-Fisher Corporation

 
/s/ Michael J. Kroll
8/31/2011
Michael J. Kroll, CFO
Date