CONNECTION WITH THIS AGREEMENT OR ANY
NOTE OR OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN
CONNECTION HEREWITH OR THE TRANSACTIONS RELATED THERETO. THIS WAIVER SHALL NOT
IN ANY WAY AFFECT, WAIVE, LIMIT, AMEND OR MODIFY LENDER'S ABILITY TO PURSUE
REMEDIES PURSUANT TO ANY CONFESSION OF JUDGMENT OR COGNOVIT PROVISION CONTAINED
IN ANY NOTE OR OTHER INSTRUMENT, DOCUMENT OR AGREEMENT BETWEEN BORROWER AND
LENDER.
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The parties have executed this Agreement as of the date first written above.
BORROWER:
ULTRALIFE CORPORATION
By: /s/ Philip A. Fain
Print Name: Philip A. Fain
Its: CFO and Treasurer
LENDER:
PNC BANK, NATIONAL ASSOCIATION
By: /s/Kevin Rich
Kevin Rich, Vice President