Current Assets

Exhibit 10.2

June 27,2006

WHITE ELECTRONIC DESIGNS CORPORATION
3601 East University Drive
Phoenix, Arizona 85034

		Re:		Loan by JPMORGAN CHASE BANK, N.A. (successor by merger to Bank One, NA (Main Office Chicago)) (“Lender”) to WHITE ELECTRONIC DESIGNS CORPORATION (“Borrower”)

Ladies and Gentlemen:

                    Lender has extended to Borrower credit pursuant to the Loan and Security Agreement, dated January 7, 2000 (as amended from time to time, “Loan Agreement”) in the principal amount of $12,000,000.00 (the “Loan”) and evidenced by the Promissory Note, dated June 30, 2000 (“Note”). Capitalized terms used herein and not otherwise defined shall have the meanings given them in the Loan Agreement.

                    Lender and Borrower agree to amend the Loan Documents as follows:

                    1. The definition of “Termination Date” in the Loan Agreement is hereby amended to mean September 28,2006.

                    2. The definition of “Maturity Date” in the Note is hereby amended to mean September 28,2006.

                    All other terms and conditions of the Loan Agreement and the other Loan Documents shall remain unchanged and in full force and effect. All property or rights to or interest in property granted as security for the Loan, shall remain as security for the Loan and the obligations of Borrower in the Loan Documents.

     Please acknowledge your receipt and acceptance of the foregoing terms and conditions by signing and returning a copy of this letter. In addition, please obtain the consent and agreement of the Guarantors by having them sign the copy of this letter to be returned by you.

		Sincerely,
		JPMORGAN CHASE BANK, N.A., (successor by
		merger to BANK ONE, NA, (Main Office Chicago)
		By:		/s/ R. Mark Chambers
		Name:		R. Mark Chambers
		Title:		Sr. Vice President

Consented and agreed to
this 28^th day of June, 2006.

WHITE ELECTRONIC DESIGNS
CORPORATION, an Indiana corporation

By:		/s/ Hamid R. Shokrgozar
Name:		Hamid R. Shokrgozar
Title:		President & CEO

CONSENT AND AGREEMENT

     The foregoing amendments are hereby consented and agreed to this 28^th day of June, 2006.

		PANELVIEW, INCORPORATED, an Oregon
		corporation
		By:		/s/ Hamid R. Shokrgozar
		Name:		Hamid R. Shokrgozar
		Title:		President & CEO
		INTERFACE DATA SYSTEMS, INC., an Arizona
		corporation
		By:		/s/ Hamid R. Shokrgozar
		Name:		Hamid R. Shokrgozar
		Title:		President & CEO
		IDS ACQUISITION CORPORATION, an Arizona
		corporation
		By:		/s/ Hamid R. Shokrgozar
		Name:		Hamid R. Shokrgozar
		Title:		President & CEO

GUARANTORS