Aml Communications Inc Watch

from 10QSB 4 pages Promissory Note

from 10QSB 1 page Date July 16th 2003 Loan Amount : $ Due : 7/16/05 (Two Years From Above Date of Note) for Value Received, Aml Communications, Inc. Promises to Pay “Party” the Sum of $ , With Interest at the Rate of Eight (8) Per Cent Per Year. Interest Is to Be Paid Quarterly in Arrears in the Sum of $ , With Principal Payable in Total on 7/16/05. Note Is Pre-Payable in Any Amount, Without Penalty at Any Time. /S/ Jacob Inbar Jacob Inbar President & CEO Aml Communications, Inc

from 10QSB 10 pages Seller Acknowledges That the Present Unpaid Principal Balance of the Seller’s Indebtedness, Liabilities and Obligations to Buyer Under the Loan Documents, Including Interest Accrued Through 11/21/01 Is $98,974.65 (The “Financed Receivable Balance”), and That Said Sum Is Due and Owing Without Any Defense, Offset, or Counterclaim of Any Kind

from 10QSB ~20 pages Loan and Security Agreement

from 10QSB 1 page Amendment to Business Loan Agreement

from 10QSB ~5 pages Amendment #1 9/2/97 to Business Loan Agreement

from 10-Q ~10 pages Business Loan Agreement