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			&lt;font style="display: inline;font-family:Times New Roman;font-size:12pt;"&gt;Note 8. Subsequent Event&amp;nbsp; &lt;/font&gt;
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			&lt;font style="display: inline;font-family:Times New Roman;font-size:12pt;"&gt; &amp;nbsp;On July 2, 2013, Microwave Filter Company, Inc. (the &amp;#x201C;Company&amp;#x201D;) entered into a Ten Year Term Loan with KeyBank National Association in the amount of Five Hundred Thousand and No/100 Dollars (&lt;/font&gt;&lt;font style="display: inline;font-family:Times New Roman;font-size:12pt;"&gt;$500,000.00&lt;/font&gt;&lt;font style="display: inline;font-family:Times New Roman;font-size:12pt;"&gt;). The amount of all advances outstanding together with accrued interest thereon shall be due and payable on July 2, 2023 (&amp;#x201C;Maturity&amp;#x201D;). The Company shall pay interest on the outstanding principal balance of this Note at the rate per annum equal to &lt;/font&gt;&lt;font style="display: inline;font-family:Times New Roman;font-size:12pt;"&gt;4.5%&lt;/font&gt;&lt;font style="display: inline;font-family:Times New Roman;font-size:12pt;"&gt;. The net proceeds from the Term Loan will be available to provide working capital as needed.&lt;/font&gt;
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			&lt;font style="display: inline;font-family:Times New Roman;font-size:12pt;"&gt;&amp;nbsp;&lt;/font&gt;
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			&lt;font style="display: inline;"&gt; &amp;nbsp;The Company has secured this Note by: (a) a Mortgage, Assignment of Rents, Security Agreement and Fixture Filing which creates a 1&lt;/font&gt;&lt;sup style="display: inline;"&gt;st&lt;/sup&gt;&lt;font style="display: inline;"&gt; lien on real property situated in the Town of Dewitt, County of Onondaga, and State of New York and known as 6743 Kinne Street, East Syracuse, New York; (b) a General Assignment of Rents and Leases; (c) an Environmental Compliance and Indemnification; and (d) such other security as may now or hereafter b&lt;/font&gt;&lt;font style="display: inline;"&gt;&amp;nbsp;&lt;/font&gt;&lt;font style="display: inline;"&gt;e given to Lender as collateral for the loan.&lt;/font&gt;
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