Document:

Exhibit 10.1

                         FIRST AMENDMENT TO THE AEROFLEX
                       INCORPORATED KEY EMPLOYEE DEFERRED
                                COMPENSATION PLAN

     AMENDMENT  NO.  1  TO  THE  AEROFLEX  INCORPORATED  KEY  EMPLOYEE  DEFERRED
COMPENSATION PLAN (the "Amendment") made as of the 21st day of November, 2006.

     The Aeroflex  Incorporated  Key Employee  Deferred  Compensation  Plan (the
"Plan")  provides  for  employees  to  elect to defer  compensation  that  would
otherwise  be paid in a given  year.  The purpose of this  Amendment  is to make
certain  changes to the Plan to conform with Code Section  409A.  To  effectuate
these changes, the Plan is hereby amended as follows, effective as of January 1,
2005:

     1.   All  references  to 20  percent  with  regard  to an  amount of voting
          securities or outstanding shares of common stock in Section 1.2(i) and
          1.2(iii) shall henceforth be read to mean 35 percent,  effective as of
          the date hereof.

     2.   Section  1.2(i)  of the Plan  shall be  amended  and  restated  in its
          entirety to read as follows:

          "`Deferral Election Form' means the form provided by the
          Company pursuant to which a Participant elects to defer a
          portion of his or her Compensation, as provided in Section
          2.1."

     3.   Section 1.2(k) of the Plan shall be amended and restated in its
          entirety to read as follows:

          "`Early Distribution' means withdrawal by a Participant of
          amounts from his or her Deferred Compensation Account (but only
          with regard to such portion of his or her account deferred prior
          to January 1, 2005, including the Earnings thereon) before he or
          she would otherwise be entitled to such amounts, as provided in
          Section 3.8 below."

     4.   Section 1.2(o) of the Plan shall be amended and restated in its
          entirety to read as follows:

          "`Hardship' means for amounts deferred prior to January 1, 2005
          (and the Earnings thereon), a severe financial stringency to a
          Participant resulting from a sudden and unexpected illness or
          accident of the Participant or his or her dependent (as defined
          in Code Section 154(a)), loss of his or her property due to
          casualty, or other similar or extraordinary and unforeseeable
          circumstance arising as a result of events beyond the control of
          the Participant. For amounts deferred on and after January 1,
          2005 (and the Earnings thereon) `Hardship' means a severe
          financial hardship

<PAGE>

          to the Participant resulting from: (i) an illness or accident of
          the Participant, a Participant's spouse or a dependant (within
          the meaning of Code Section 152(a)); (ii) loss of the
          Participant's property due to casualty; or (iii) other similar
          extraordinary and unforeseeable circumstances arising as a result
          of events beyond the control of the Participant."

     5.   Section 1.2(s) of the Plan shall be amended and restated in its
          entirety to read as follows:

          "`Total Disability' means for amounts deferred prior to January
          1, 2005 (and the Earnings thereon), bodily injury or sickness
          that wholly and continuously disables a Participant. For amounts
          deferred on and after January 1, 2005 (and the Earnings thereon)
          `Total Disability' means (A) a Participant is unable to engage in
          any substantial gainful activity by reason of any medically
          determinable physical or mental impairment that can be expected
          to result in death or can be expect to last for a continuous
          period of not less than 12 months, or (B) a Participant is, by
          reason of any medically determinable physical or mental
          impairment that can be expected to result in death or can be
          expected to last for a continuous period of not less than 12
          months, receiving income replacement benefits for a period of not
          less than 3 months under an accident and health plan covering
          employees of the Company The Committee shall make any
          determination of Total Disability, which shall be final, and
          based on the finding of an independent physician selected by the
          Board, to the extent applicable."

     6.   Section 2.1 shall be amended and restated in its entirety to read as
          follows:

          "2.1 Deferral Election Form

          For deferrals made on and after January 1, 2005, in order to
          participate in the Plan, a Participant shall execute and file
          with the Company one or more Deferral Election Forms, designating
          the portion of his or her Compensation and/or other amounts
          earned from the Company, to be deferred hereunder. Any such
          Deferral Election Form shall be filed in accordance with the
          following deferral rules.

          a. Salary. A Participant must elect to defer salary under
          the Plan, under an applicable Deferral Election Form on or
          prior to December 31 of the calendar year prior to the Year
          in which such deferrals will occur. A Participant may not
          defer more of his or her salary to be earned for any Year
          than the percentage specified by the Company and in effect
          at the time of execution and filing of the applicable
          Deferral Election Form.

<PAGE>

           b. Bonus. A Participant may defer up to 100 percent of his or
           her bonus to be earned for any Year, pursuant to execution and
           filing of the applicable Deferral Election Form on or prior to
           the last day of the fiscal Year prior to the Year in which the
           services relevant to the payment of the bonus are to be
           performed. Notwithstanding the foregoing, to the extent that
           the bonus amount payable to a Participant would be
           nondeductible by the Company in the tax year in which such
           bonus payment would otherwise be deductible by the Company,
           then, any nondeductible portion of such bonus will be
           automatically deferred in accordance with the Plan.

           c. Deferral Increments. Deferrals of salary or bonus shall be in
           increments of 1 percent, but may be stated as the dollar amount
           to which a specified percentage translates; provided, however,
           that a Participant may elect to receive currently a specified
           dollar amount of his or her bonus and defer the balance.

           d. Deferral of Other Amounts or Items. Pursuant to a Deferral
           Election Form executed by a Participant and filed with the
           Company, a Participant may defer any other amount or item that
           the Company authorizes to be deferred (as, for example,
           settlement of rights to restricted shares of Common Stock),
           provided that the deferral of such compensation is permitted
           under Code Section 409A. Any such deferrals must be made
           timely in accordance Code Section 409A(a)(3) and the
           regulations thereunder.

           e. Annual Deferral Election Required. A Deferral Election Form
           executed by a Participant and filed with the Company for any
           Year shall apply only to the elements of Compensation or other
           amounts or items added to his or her Deferred Compensation
           Account for such Year, and the Company shall require timely
           execution and filing of a Deferral Election Form for new
           deferrals for each subsequent Year. Once filed with the
           Company for any Year, a Participant's Deferral Election Form
           shall be irrevocable for such Year.

           f. New Participants During Any Year. Notwithstanding the
           forgoing, once an individual first becomes eligible to be a
           Participant, he or she shall execute and file with the Company
           within 30 days of the date such eligibility, one or more
           Deferral Election Forms with respect to any amounts to be
           deferred for such Year; provided however, that any such
           Deferral Election shall only be valid with respect to
           compensation earned after the election becomes valid, unless
           otherwise permitted under Code Section 409A and the rules
           thereunder."

<PAGE>

     7.   Section 3.1(b) of the Plan shall be amended and restated in its
          entirety to read as follows:

          "b. Revision of Date. A Participant may extend the benefit
          commencement date for payment of the portion of his or her
          Deferred Compensation Account attributable to any Year's
          deferral, provided such change occurs at least one year before
          the scheduled benefit commencement date. In addition to the above
          requirement, with respect to amounts deferred on or after January
          1, 2005 (and the Earnings thereon), any extension of the benefit
          commencement date shall not commence until at least 5 years from
          the date any such payment would otherwise have been made (or with
          respect to installment payments, 5 years from the date such
          payments would otherwise have begun to be made) and any such
          revised election will not be effective for 12 months from the
          date on which the revised election is made."

     8.   Section 3.6 of the Plan shall be amended and restated in its entirety
          to read as follows:

          "3.6   Change in Control

                 Notwithstanding the provisions of Section 3.1, in the
          event of a Change in Control each Participant's benefit
          commencement date shall be the date of such event; provided
          however, that if management losses a proxy contest, as
          described in Section 2.3.c., prior to the date of a Change in
          Control, then, with respect only to amounts deferred prior to
          January 1, 2005 (and the Earnings thereon) the benefit
          commencement date shall be the date of such event."

     9.   The second sentence of Section 3.7 of the Plan shall be amended and
          restated in its entirety to read as follows:

           "The Committee shall make a determination that the requested
           distribution is due to Hardship and shall also determine
           whether such Hardship is applicable to amounts deferred prior
           to January 1, 2005 (and the Earnings thereon) and/or amounts
           deferred on and after January 1, 2005 (and the Earnings
           thereon)."

     10.  Section 3.8 of the Plan shall be amended and restated in its entirety
          to read as follows:

          "3.8   Early Distribution

                 A Participant may elect an Early Distribution from
          his or her Deferred Compensation Account, but only with
          respect to

<PAGE>

          amounts deferred by such Participant prior to January 1, 2005
          (and the Earnings thereon) (the "Pre-2005 Account"), of an amount
          up to 50 percent of the Pre-2005 Account balance, by filing an
          election form with the Committee. Any such election shall be
          subject to the approval of the Committee, and the Committee's
          determination whether or not to allow such election shall be
          final.

                 To the extent that the Committee allows any such
          election, the amount of the Participant's Pre-2005 Account
          balance to which the approved Early Distribution percentage
          translates shall be determined as of the end of the calendar
          quarter coincident with or next following the Committee's
          approval, and such amount shall be paid to the Participant in
          a lump sum as soon as practicable thereafter; provided,
          however, that, any such Early Distribution shall be made pro
          rata from the Participant's Pre-2005 Account and, to the
          extent that shares of Common Stock are part thereof, the cash
          payment shall be adjusted to reflect the value, as of the same
          determination date, of the shares distributed.

                 When an Early Distribution is made, the Participant
          shall forfeit 10 percent of (a) such Early Distribution or (b)
          the remaining balance of his or her Pre-2005 Account,
          whichever is less, and the Company shall have no obligation to
          the Participant or his or her Beneficiary, as the case may be,
          with respect to such forfeited amount.

                 A Participant who receives an Early Distribution while
          employed by the Company will remain eligible to participate in
          the Plan for the balance of the Year in which such Early
          Distribution is made."

     11.  Section 3.9 of the Plan shall be amended and restated in its entirety
          to read as follows:

          "3.9   Certain Withdrawals with Committee Approval

                 Subject to approval of the Committee, in its sole and
          complete discretion, a Participant may withdraw from his or
          her Pre-2005 Account any amount (or portion thereof) deferred
          for any Year (or portion thereof prior to 2005 (plus the
          earnings thereon) that need not be deferred to preserve the
          deductibility of Compensation paid to the Participant for any
          Year under Section 162(m) of the Code."

     12.  A new Section 3.10 shall be added, which shall read in its entirety as
          follows:

          "3.10    Delay of Payment - Deferrals On and After January 1, 2005

<PAGE>

          Notwithstanding the foregoing, if the Participant is a
          "specified employee" within the meaning of Code Section 409A,
          then payments of the portion of such Participant's Deferred
          Compensation Account (and Earnings thereon), which was
          deferred on or after January 1, 2005, as required under
          Section 3.2 or Section 3.5, as applicable, shall not commence
          until the first day which is at least six months after the
          date on which the Participant's employment terminates. All
          such payments, which would have otherwise been required to be
          made over such six month period, shall be paid to the
          Participant in one lump sum payment, as soon as
          administratively feasible after the first day which is at
          least six months after the date on which the Participant's
          employment terminates. Thereafter, such payments shall
          continue as so provided in the applicable Section 3.2 or
          Section 3.5. This Section 3.10 shall not effect payment of
          such portion of a Participant's Pre-2005 Account."

     13.  Except as specifically provided in and modified by this Amendment, all
          of the terms and conditions of the Plan are hereby ratified and
          confirmed and references to the Plan shall be deemed to refer to the
          Plan as modified by this Amendment.

     14.  This Amendment shall also be deemed an amendment to any provision of
          (a) the employment agreement between the Company and Harvey R. Blau,
          dated March 1, 1999 and (b) the employment agreement between the
          Company and Leonard Borow, dated March 1, 1999 (collectively, with any
          amendments thereto, the "Employment Agreements") which addresses the
          deferral of compensation.

     IN WITNESS WHEREOF, the Company has caused this First Amendment to the
Aeroflex Incorporated Key Employee Deferred Compensation Plan to be executed by
its duly authorized officers the date first above written.

Attest:                             AEROFLEX INCORPORATED

/s/Charles Badlato
------------------                  By: /s/John Adamovich, Jr.
                                       ------------------------------
                                       Name:  John Adamovich, Jr.
                                       Title: Senior Vice President and
                                              Chief Financial Officer

                                    /s/Harvey R. Blau
                                    ---------------------------------
                                    Harvey R. Blau

                                    /s/Leonard Borow
                                    ---------------------------------
                                    Leonard BorowExhibit 10.2

                    AMENDMENT NO. 6 TO EMPLOYMENT AGREEMENT
                    ---------------------------------------

     AMENDMENT NO. 6 TO THE EMPLOYMENT AGREEMENT (this "Amendment") made as of
the 21st day of November, 2006 by and between AEROFLEX INCORPORATED, a Delaware
corporation (hereinafter the "Company") and HARVEY R. BLAU (hereinafter the
"Executive").

                                   WITNESSETH:

     WHEREAS, the Company and Executive entered into an Employment Agreement
dated March 1, 1999, as amended subsequently by Amendment Agreements dated
September 1, 1999 and August 13, 2001, November 8, 2001, May 13, 2004 and August
17, 2005 (hereinafter the "Employment Agreement"); and

     WHEREAS, the Company and Executive desire to further modify the said
Employment Agreement.

     NOW, THEREFORE, the parties hereto agree as follows:

     1.   Section 1(l) shall be amended and restated in its entirety to read as
          follows, effective as of the date hereof:

          "(l) `Retirement' shall mean the voluntary termination of Blau's
          employment by Blau with eligibility to receive a benefit under
          the terms of Aeroflex's Supplemental Executive Retirement Plan as
          then in effect, other than a termination due to Disability or
          death, or for Good Reason."

     2.   A new sentence shall be added at the end of Section 9(b), which shall
          read in its entirety as follows, effective as of the date hereof:

          "Notwithstanding the foregoing, if, in the mutual good faith
          determination and agreement of Blau and Aeroflex, such
          lifetime benefits may not be provided without subjecting Blau
          to any tax, interest or penalty imposed under Section
          409A(a)(1)(B) of the Code (or any regulation or any guidance
          promulgated thereunder or with respect to), then on the second
          anniversary of the later of (a) a termination of employment or
          (b) a termination of the Consultancy Period, in lieu of such
          lifetime benefits, Blau shall receive a lump sum payment equal
          to the discounted net present value (as of the date of such
          payment in good faith and agreed to by Blau and Aeroflex) of
          such lifetime benefits Blau and his Spouse would otherwise
          have been entitled to receive under this Section. The interest
          rate used to determine the present value of any such payment
          shall be the mid-term Applicable Federal Rate

                                       1

<PAGE>

          compounded semi-annually for the month in which such payment
          occurs.

          Notwithstanding any other provisions of the Agreement to the
          contrary, if Blau has received a lump sum payment of his and
          his Spouse's lifetime retiree medical benefits under either
          Section 10(g)(ii)(C) or Section 10(h)(iii), Aeroflex shall no
          longer be responsible for the provision of such benefits under
          this Section 9(b)."

     3.   Section10(g)(ii)(B) shall be amended and restated in its entirety to
          read as follows, effective as of the date hereof:

          "(B) annual bonuses for the remainder of the Employment Term
          (including, without limitation, a prorated bonus for any
          partial Fiscal Year) equal to the average of the three highest
          annual bonuses awarded to Blau during the ten Fiscal Years (or
          portions thereof) preceding the termination of Blau's
          employment as an employee (including, without limitation, any
          bonus awarded to Blau in the year of termination, which is
          unpaid as of the date of termination), such bonuses to be paid
          at the same time annual bonuses are regularly paid by Aeroflex
          to Blau;"

     4.   Section 10(g)(ii)(C) shall be amended and restated in its entirety to
          read as follows, effective as of the date hereof:

          "(C) continued medical reimbursement, as described in Section
          9(b) above for the lesser of: (a) two years after any
          termination of employment or (b) the remainder of the
          Employment Term; provided however, that if, in the mutual good
          faith determination and agreement of Blau and Aeroflex, such
          medical reimbursement may be provided without subjecting Blau
          to any tax, interest or penalty imposed under Section
          409A(a)(1)(B) of the Code (or any regulation or any guidance
          promulgated thereunder or with respect to), then the period of
          medical reimbursement shall continue for the remainder of the
          Employment Term, without regard to the two year period
          referred to above. Upon the expiration of the relevant period
          referred to above, Blau shall receive the lifetime medical
          benefits in accordance with Section 9(b) above;"

     5.   Section 10(g)(ii)(E) shall be amended and restated in its entirety to
          read as follows, effective as of the date hereof:

          "(E) continued participation in all employee benefit plans or
          programs available to Aeroflex employees generally in which
          Blau was participating on the date of termination of his
          employment

                                       2

<PAGE>

          until the end of the Employment Term; provided; however,
          that (x) if Blau is either precluded from continuing
          his participation in any employee benefit plan or program as
          provided in this clause (E) or if Blau's continued
          participation would subject Blau to any tax, interest or
          penalty imposed under Section 409A(a)(1)(B) of the Code (or
          any regulation or any guidance promulgated thereunder or with
          respect to), then Blau shall be entitled to the after-tax
          economic equivalent of the benefit foregone under the plan or
          program in which he is unable to participate until the end of
          the Employment Term (which shall be paid in one lump sum as
          soon as administratively feasible after his termination of
          participation), and (y) the "economic equivalent of the
          benefit foregone" shall be deemed to be the lowest cost that
          Blau would incur in obtaining such benefit on an individual
          basis; further provided that if such benefit cannot be
          obtained at any cost, Blau shall be entitled to a lump sum
          payment equal to the aggregate benefit payments he would
          reasonably be expected to receive through the end of the
          Employment Term, and the valuation of such lump sum benefit
          payment amount shall be equal to the discounted net present
          value of such foregone benefits as determined in good faith by
          Blau and Aeroflex. The interest rate used to determine the
          present value of any such payment shall be the mid-term
          Applicable Federal Rate compounded semi-annually for the month
          in which such payment occurs; and"

     6.   Section 10(g)(ii)(F) shall be amended and restated in its entirety to
          read as follows, effective as of the date hereof:

          "(F) other benefits in accordance with applicable plans and
          programs of the Aeroflex; provided however, that if such other
          benefits would subject Blau to any tax, interest or penalty
          imposed under Section 409A(a)(1)(B) of the Code (or any
          regulation or any guidance promulgated thereunder or with
          respect to), then Blau shall receive a lump sum payment, which
          shall be valued in accordance with the principles set forth in
          Section 10(g)(ii)(E) above."

     7.   Section 10(h) shall be amended and restated in its entirety to read as
          follows, effective as of the date hereof:

          "(h) Change in Control. Notwithstanding anything to the
          contrary in this Section 10, upon a termination of Blau's
          employment within the one-year period following a change in
          Control for any reason other than Cause, Retirement, death or
          disability, Blau shall be entitled to:

                                       3

<PAGE>

          (i) a lump sum payment equal to the net present value of his
          Salary for the remainder of the Employment Term at the Salary
          amount in effect immediately before such termination (or, if
          greater, at the Salary in effect immediately before the Change in
          Control). The interest rate used to determine the present value
          of these payments shall be the mid-term Applicable Federal Rate
          compounded semi-annually for the month in which the termination
          occurs;

          (ii) a lump sum payment equal to the net present value of all
          of the annual bonuses otherwise payable under Section
          10(g)(ii)(B) for the remainder of the Employment Term
          (including, without limitation, a prorated bonus for any
          partial Fiscal Year) with each such bonus equal to the average
          of the three highest annual bonuses awarded to Blau during the
          ten Fiscal Years (or portions thereof) preceding such
          termination (including, without limitation, any bonus awarded
          to Blau in the year of his termination, which is unpaid as of
          the date of the Change in Control). The interest rate used to
          determine the present value of these payments shall be the
          mid-term Applicable Federal Rate compounded semi-annually for
          the month in which the termination occurs and such bonuses
          shall be discounted to present value from the time such annual
          bonuses would otherwise normally be paid by Aeroflex to Blau;

          (iii) continued medical reimbursement, as described in Section
          9(b) above for the lesser of: (a) two years after the later to
          occur of a termination of employment or, if applicable, a
          termination of the Consulting Period following a Change in
          Control or (b) the remainder of the Employment Term; provided
          however, that if, in the mutual good faith determination and
          agreement of Blau and Aeroflex, such medical reimbursement may
          be provided without subjecting Blau to any tax, interest or
          penalty imposed under Section 409A(a)(1)(B) of the Code (or
          any regulation or any guidance promulgated thereunder or with
          respect to), then the period of medical reimbursement shall
          continue for the remainder of the Employment Term, without
          regard to the two year period referred to above. Upon the
          expiration of the relevant period referred to above, Blau
          shall receive the lifetime medical benefits in accordance with
          Section 9(b) above;

          (iv) a lump-sum payment equal to the then present value of the
          excess, if any, of (x) the retirement benefit to which Blau
          would have been entitled if he had remained employed under
          this Agreement until age 70 over (y) the early retirement
          benefit actually payable to him, both as calculated and
          payable under the

                                       4

<PAGE>

          SERP, provided such amount is not otherwise paid to Blau
          under the terms of the SERP; and

          (v) continued participation in all employee benefit plans or
          programs available to Aeroflex employees generally in which
          Blau was participating on the date of any termination of his
          employment until the end of the Employment Term; provided;
          however, that (x) if Blau is either precluded from continuing
          his participation in any employee benefit plan or program as
          provided in this clause or if Blau's continued participation
          would subject Blau to any tax, interest or penalty imposed
          under Section 409A(a)(1)(B) of the Code (or any regulation or
          any guidance promulgated thereunder or with respect to), then
          Blau shall be entitled to the after-tax economic equivalent of
          the benefit foregone under the plan or program in which he is
          unable to participate until the end of the Employment Term
          (which shall be paid in one lump sum as soon as
          administratively feasible after his termination of
          participation), and (y) the "economic equivalent of the
          benefit foregone" shall be deemed to be the lowest cost that
          Blau would incur in obtaining such benefit on an individual
          basis; further provided that if such benefit cannot be
          obtained at any cost, Blau shall be entitled to a lump sum
          payment equal to the aggregate benefit payments he would
          reasonably be expected to receive through the end of the
          Employment Term, and the valuation of such lump sum benefit
          payment amount shall be equal to the discounted net present
          value of such foregone benefits as determined in good faith by
          Blau and Aeroflex. The interest rate used to determine the
          present value of any such payment shall be the mid-term
          Applicable Federal Rate compounded semi-annually for the month
          in which such payment occurs; and

          (vi) other benefits in accordance with applicable plans and
          programs of the Aeroflex; provided however, that if such other
          benefits would subject Blau to any tax, interest or penalty
          imposed under Section 409A(a)(1)(B) of the Code (or any
          regulation or any guidance promulgated thereunder or with
          respect to), then Blau shall receive a lump sum payment, which
          shall be valued in accordance with the principles set forth in
          Section 10(h)(v) above.

          Notwithstanding the foregoing, if Blau is terminated following
          a Change in Control prior to January 1, 2007, the lump sum
          payments provided under Sections 10(h)(i), 10(h)(ii) and
          10(h)(iv) of this Agreement shall be made on January 2, 2007,
          provided however, that if Blau's employment is terminated
          prior to January 2, 2007, Blau shall be entitled to the
          benefits in accordance with the provisions of Sections
          10(g)(ii)(A), 10(g)(ii)(B) and

                                       5

<PAGE>

          10(g)(ii)(D) until January 2, 2007 and the payments under
          Sections 10(h)(i), 10(h)(ii) and 10(h)(iv) shall then be made on
          January 2, 2007 (less the present value of any payments actually
          made to Blau under this sentence prior to January 2, 2007).

          Payments under this Section 10(h) shall be in full
          satisfaction of any payments or benefits Blau would otherwise
          be entitled to under Section 10(g)."

     8.   Section 10(i) shall be added, which shall read in its entirety as
          follows, effective as of the date hereof

          "10(i) Notwithstanding the foregoing, if (a) Blau or his
          estate is to receive payments or benefits under Section 10 for
          any reason other than due to Blau's death, and (b) Blau is a
          "specified employee" within the meaning of Code Section 409A
          for the period in which the payment or benefits would
          otherwise commence, and (c) such payment or benefit would
          otherwise subject Blau to any tax, interest or penalty imposed
          under Section 409A(a)(1)(B) of the Code (or any regulation or
          any guidance promulgated thereunder or with respect to) if the
          payment or benefit would commence within six months of a
          termination of Blau's employment, then such payment or benefit
          required under Section 10 shall not commence until the first
          day which is at least six months after the termination of
          Blau's employment. Such payments or benefits, which would have
          otherwise been required to be made over such six month period,
          shall be paid to Blau in one lump sum payment or otherwise
          provided to Blau, as soon as administratively feasible after
          the first day which is at least six months after the
          termination of Blau's employment. Thereafter, payments or
          benefits shall continue, if applicable, for the relevant
          period set forth above."

     9.   Section 13(a) shall be amended and restated in its entirety to read as
          follows, effective as of the date hereof:

          "(a) General. Effective upon the end of the Employment Term
          (but only if the Employment Term ends by reason of its
          expiration or, if earlier, upon termination of Blau's
          employment (i) by mutual agreement, (ii) by Retirement or
          (iii) within the one-year period following a Change in Control
          for any reason other than for Cause), Blau shall become a
          consultant to Aeroflex, in recognition of the continued value
          to Aeroflex of his extensive knowledge and expertise. Unless
          earlier terminated, as provided in Section 13(e), the
          Consulting Period shall continue for three years."

                                       6

<PAGE>

     10.  Except as specifically provided in and modified by this Amendment, the
          Employment Agreement is in all other respects hereby ratified and
          confirmed and references to the Employment Agreement shall be deemed
          to refer to the Employment Agreement as modified by this Amendment.

          IN WITNESS WHEREOF, the undersigned have executed this Amendment as of
the day and year first above written.

                                    AEROFLEX INCORPORATED

                                    By:/s/Leonard Borow
                                       -------------------------------
                                       Leonard Borow, President

                                       /s/Harvey R. Blau
                                       -------------------------------
                                       Harvey R. Blau

                                       7

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