Document:

Exhibit 10.3

                     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 LEONARD BOROW (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 Borow's
          employment by Borow 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 Borow and Aeroflex, such
          lifetime benefits may not be provided without subjecting Borow
          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, Borow 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 Borow and
          Aeroflex) of such lifetime benefits Borow 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

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<PAGE>

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

          Notwithstanding any other provisions of the Agreement to the
          contrary, if Borow 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 Borow during the ten Fiscal Years
          (or portions thereof) preceding the termination of Borow's
          employment as an employee (including, without limitation, any
          bonus awarded to Borow 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 Borow;"

     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 Borow and Aeroflex, such
          medical reimbursement may be provided without subjecting Borow
          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, Borow 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

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<PAGE>

          Borow was participating on the date of termination of his
          employment until the end of the Employment Term; provided;
          however, that (x) if Borow is either precluded from continuing
          his participation in any employee benefit plan or program as
          provided in this clause (E) or if Borow's continued
          participation would subject Borow 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 Borow 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
          Borow would incur in obtaining such benefit on an individual
          basis; further provided that if such benefit cannot be
          obtained at any cost, Borow 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
          Borow 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 Borow 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 Borow 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 Borow's
          employment within the one-year period following a change in
          Control for any reason other than Cause, Retirement, death or
          disability, Borow shall be entitled to:

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          (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 Borow during
          the ten Fiscal Years (or portions thereof) preceding such
          termination (including, without limitation, any bonus awarded
          to Borow 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 Borow;

          (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 Borow and Aeroflex, such medical reimbursement
          may be provided without subjecting Borow 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, Borow
          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 Borow
          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

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<PAGE>

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

          (v) continued participation in all employee benefit plans or
          programs available to Aeroflex employees generally in which
          Borow was participating on the date of any termination of his
          employment until the end of the Employment Term; provided;
          however, that (x) if Borow is either precluded from continuing
          his participation in any employee benefit plan or program as
          provided in this clause or if Borow's continued participation
          would subject Borow 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
          Borow 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
          Borow would incur in obtaining such benefit on an individual
          basis; further provided that if such benefit cannot be
          obtained at any cost, Borow 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
          Borow 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 Borow 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 Borow 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 Borow 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 Borow's employment is
          terminated prior to January 2, 2007, Borow shall be entitled
          to the benefits in

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<PAGE>

          accordance with the provisions of Sections 10(g)(ii)(A),
          10(g)(ii)(B) and 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 Borow under this sentence prior to
          January 2, 2007).

          Payments under this Section 10(h) shall be in full
          satisfaction of any payments or benefits Borow 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) Borow or his
          estate is to receive payments or benefits under Section 10 for
          any reason other than due to Borow's death, and (b) Borow 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 Borow 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 Borow'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 Borow's employment. Such payments or
          benefits, which would have otherwise been required to be made
          over such six month period, shall be paid to Borow in one lump
          sum payment or otherwise provided to Borow, as soon as
          administratively feasible after the first day which is at
          least six months after the termination of Borow'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 Borow'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), Borow 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

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          Section 13(e), the Consulting Period shall continue for three
          years."

     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.

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<PAGE>

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

                                           AEROFLEX INCORPORATED

                                           By: /s/Harvey R. Blau
                                              -------------------------------
                                              Harvey R. Blau, Chairman

                                              /s/Leonard Borow
                                              -------------------------------
                                              Leonard Borow

                                       8Exhibit 10.4

                     AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT

     AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT made effectively as of the 21st day
of November, 2006 by and between AEROFLEX INCORPORATED.,  a Delaware corporation
(hereinafter   the  "Company")  and  JOHN  ADAMOVICH,   JR.   (hereinafter   the
"EXECUTIVE").

                              W I T N E S S E T H:

     WHEREAS,  the Company and Executive  entered into an  Employment  Agreement
dated November 9, 2005 (hereinafter the "Employment Agreement"); and

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

     NOW, THEREFORE, the parties hereto agree as follows:

     1. Section 1 shall be amended and restated as follows:

     "Employment  Period.  Subject to Section 3, the  Company  hereby  agrees to
      -------------------
employ the  Executive,  and the  Executive  hereby  agrees to be employed by the
Company in accordance with the terms and provisions of this  Agreement,  for the
period  commencing as of the  Effective  Date and ending at midnight on December
31, 2009 (the "Employment Period")."

     2. Section 2(b)(i)(2) shall be amended and restated as follows:

     "COLA.  Executive's Base Salary shall be increased during the second, third
     ------
and fourth years of the Employment  Period by an amount equal to the increase in
the  cost-of-living  during the first,  second and third years of the Employment
Period,  respectively,  as reported in the "Consumer  Price Index,  New York and
Northeastern New Jersey, All Items",  published by the U.S.  Department of Labor
(or if such index is no longer  published,  the  successor or  comparable  index
which is  published).  Such  respective  amounts shall be calculated and paid to
Executive  in each  instance in a single sum on or before the third month of the
second, third and fourth years of the Employment Period."

     3. Section 2(b)(ii) shall be amended and restated as follows:

     "Bonus.  The  Executive  shall receive a bonus (the "Bonus") of Two Hundred
     -------
Thousand  Dollars  ($200,000)  in each of the first two years of the  Employment
Period and,  except as otherwise  may be provided  herein,  subject to continued
employment during such years. Such Bonus shall be payable no later than December
31, 2006 and December 31, 2007, respectively. For the fiscal years 2008 and 2009
occurring during the Employment  Period, the Executive shall be entitled to such
bonus,  if any, as the  Chairman of the Board,  the  President  and the Board of
Directors   shall  authorize  and  determine  in  the  exercise  of  their  sole
discretion.

<PAGE>

     4.  Section  3(a) shall be amended to change the Section  reference  in the
fourth line from "12(b)" to "13(b)"

     5.  Section 3(b) shall be amended to change the Section  references  in the
eighth line from "Section 6, 7 or 8"; to "Section 7, 8 or 9".

     6.  Section  3(d) shall be amended to change the Section  reference  in the
fourth line from "Section 12(b)" to "Section 13(b)".

     7. The following shall be inserted as Section 5:

     "5. Change in Control.
     ----------------------

          No benefits shall be payable  hereunder unless there shall have been a
     Change in Control,  as set forth below,  and the Executive's  employment by
     the Company  shall  thereafter  have been  terminated  in  accordance  with
     Section 5(b) hereof.

          (a) Definition.  For purposes of this Agreement, a "Change in Control"
              -----------
     shall mean the occurrence of any of the following  events after the date of
     this Agreement:

              (i) the acquisition, directly or indirectly, by a "person" (within
the  meaning of Section  13(d)(3) of the  Securities  Exchange  Act of 1934,  as
amended from time to time,  including rules thereunder and successor  provisions
and rules  thereto (the  "Exchange  Act") (a "Person") of  beneficial  ownership
(within the meaning of Rule 13d-3  promulgated  under the Exchange  Act) of more
than 35% of the combined  voting power of the voting  securities  of the Company
entitled  to  vote   generally  in  the  election  of  directors   (the  "Voting
Securities");  provided,  however,  that the  following  acquisitions  shall not
constitute a Change in Control:  (A) any  acquisition  by or from the Company or
any  corporation or other entity in which the Company owns or controls  directly
or indirectly at least 50 percent of the total combined voting power represented
by all  classes  of  stock  issued  by  such  corporation,  or in the  case of a
noncorporate  entity,  at least 50% of the  profits or capital  interest in such
entity (a  "Subsidiary,")  or by any employee  benefit  plan (or related  trust)
sponsored or maintained by the Company or any Subsidiary, (B) any acquisition by
an individual who as of the effective date of the Plan is a member of the Board,
(C) any acquisition by any  underwriter in any firm  commitment  underwriting of
securities  to be  issued  by  the  Company,  or  (D)  any  acquisition  by  any
corporation (or other entity) if, immediately following such acquisition, 65% or
more of the then  outstanding  shares of common  stock (or other equity unit) of
such  corporation  (or other  entity) and the combined  voting power of the then
outstanding  voting  securities  of such  corporation  (or  other  entity),  are
beneficially owned,  directly or indirectly,  by all or substantially all of the
individuals or entities who,  immediately  prior to such  acquisition,  were the
beneficial owners of the then outstanding Voting Securities in substantially the
same  proportions,  respectively,  as their ownership  immediately  prior to the
acquisition of the stock and Voting Securities; or

              (ii) the following individuals cease for  any reason to constitute
a majority of the Board:  individuals who, as of the date of the this Agreement,
constitute  the Board and any new director  (other than a director whose initial
assumption  of office is in  connection  with an actual or

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threatened  election  contest,   including,   but  not  limited  to,  a  consent
solicitation  relating  to the  election  of  directors  of the  Company)  whose
appointment  or  election  by  the  Board  or  nomination  for  election  by the
stockholders  of the Company was approved and  recommended by a vote of at least
two-thirds  of the directors  then still in office who either were  directors on
the effective date of the Plan or whose appointment,  election or nomination for
election was previously so approved or recommended; or

              (iii) the consummation of the sale or  other disposition of all or
substantially  all of the assets of the  Company,  other  than to an entity,  at
least  65%  of  the  Voting   Securities  of  which  are  owned  by  Persons  in
substantially the same proportions as their ownership of the Company immediately
prior to such sale; or

              (iv) the consummation  of a merger, consolidation, statutory share
exchange or similar form of corporate  transaction  involving the Company or any
of its  Subsidiaries  that requires the approval of the Company's  stockholders,
whether for such transaction or the issuance of securities in the transaction (a
"Business Combination"), unless immediately following such Business Combination:
(A) more than 65% of the total  voting  power of (x) the  corporation  resulting
from  such  Business  Combination  (the  "Surviving  Corporation"),  or  (y)  if
applicable,  the ultimate  parent  corporation  that directly or indirectly  has
beneficial  ownership  of  100%  of the  voting  securities  eligible  to  elect
directors  of  the  Surviving   Corporation  (the  "Parent   Corporation"),   is
represented by Voting Securities that were outstanding immediately prior to such
Business  Combination  (or, if  applicable,  is represented by shares into which
such  Corporation  Voting  Securities  were converted  pursuant to such Business
Combination),  and (B)  such  voting  power  among  the  holders  thereof  is in
substantially  the same proportion as the voting power of such Voting Securities
among the holders thereof immediately prior to the Business Combination; or

              (v) the  consummation  of   a  plan  of  complete  liquidation  or
substantial  dissolution of the Company, other than a liquidation or substantial
dissolution,  which would  result in the Voting  Securities  of the entity after
such  liquidation or dissolution,  if any,  continuing to represent  (whether by
remaining  outstanding  or by  being  converted  to  voting  securities  of  the
surviving  entity) 65% or more of the Voting  Securities  or the voting power of
the voting  securities of such surviving entity  outstanding  immediately  after
such liquidation or dissolution, and such voting power among the holders thereof
is in  substantially  the same  proportion  as the voting  power of such  Voting
Securities among the holders thereof  immediately  prior to the such liquidation
or dissolution; or

              (vi)  the  sale,   transfer,  assignment,  distribution  or  other
disposition by the Company and/or one of its  Subsidiaries,  in one transaction,
or in a series of  related  transactions  within  any  period of 18  consecutive
calendar months (including,  without limitation, by means of the sale, transfer,
assignment,  distribution  or  other  disposition  of the  capital  stock of any
Subsidiary or Subsidiaries),  of assets which account for an aggregate of 50% or
more of the  consolidated  revenues of the Company and the  Subsidiaries  of the
Company, as applicable, as determined in accordance with U.S. generally accepted
accounting principles, for the fiscal year most recently ended prior to the date
of such  transaction  (or, in the case of a series of  transactions as described
above, the first such transaction);  provided, however, that no such transaction
shall be taken into account if  substantially  all the proceeds thereof (whether
in cash or in kind) are used after such  transaction  in

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<PAGE>

the ongoing  conduct by the Company  and/or its  Subsidiaries)  of the  business
conducted by the Company and/or its Subsidiaries prior to such transaction.

     (b)  Termination.  If any of the events  described  in Section  5(a) hereof
          -----------
constituting  a Change in  Control  of the  Company  shall  have  occurred,  the
Executive,  if  terminated  during the twenty  four (24) months  following  such
Change in Control,  shall be entitled to the  benefits  provided in Section 5(c)
hereof,  unless such termination is due to the Executive's  death or Disability,
or is by the  Company  for  Cause,  or is by the  Executive  for other than Good
Reason.  In the event that,  upon the  occurrence  of a Change in  Control,  the
Executive is eligible for retirement in accordance with the terms and conditions
of any applicable  corporate  retirement  plan or program in effect  immediately
preceding  such Change in Control,  the  Executive's  eligibility  for immediate
retirement  benefits,   and  any  request  therefor,   shall  not  preclude  the
Executive's  receipt of severance benefits under Section 5(c) hereof as a result
of any termination without Cause or for Good Reason.

     (c) Severance Benefits on Termination.  If, after any Change in Control (as
         ---------------------------------
defined  herein)  shall  have  occurred,  the  Executive's  employment  shall be
terminated  during the twenty-four (24) months following the date of such Change
in Control (A) by the Company  other than for death,  Disability or Cause or (B)
by the  Executive for Good Reason,  the  Executive  shall be entitled to certain
severance benefits (hereinafter "the Severance Benefits") as provided below:

     (i) The Company shall pay the Executive's full base salary through the date
of termination at the rate which is the higher of the (then) current annual rate
or the  annual  rate in effect  immediately  prior to the date of any  Change in
Control.  The Company shall also pay the  Executive  the amount,  if any, of any
unpaid earned annual bonus for the preceding  fiscal year, as well as a pro rata
portion of the higher of (i) the earned  annual bonus for the  preceding  fiscal
year or (ii) the target or  projected  annual bonus for the fiscal year in which
the termination of employment occurs. In addition, the Company shall continue in
full  force  and  effect  through  the  date  of  termination   the  Executive's
participation in all stock ownership,  stock purchase or stock option plans, all
health and welfare benefit plans,  and all insurance and disability plans as may
be in effect at the date of the Change in Control.

     (ii) Subject to Sections 5(c)(iv) and 5(c)(v) hereof, the Company shall pay
as  Severance  Benefits  to the  Executive  on or  before  the  fifth  (5th) day
following the date of termination  of employment,  a lump sum payment ("the lump
sum payment") equal to two and fifty one hundredths  (2.50) times the sum of (A)
the  Executive's  base  salary at the rate  which is the  higher  of the  (then)
current annual rate or the annual rate in effect  immediately  prior to the date
of any Change in Control and (B) the average of the annual  bonuses  received by
the Executive for each of the last three fiscal years of the Company.  Such lump
sum payment shall be subject to all applicable  Federal,  state and local income
and FICA taxes including all required withholding amounts.

     (iii)  For the  continued  benefit  of the  Executive  and the  Executive's
eligible  dependents,  the Company shall maintain in full force and effect until
the  earlier  of (A)  December  31 of the second  calendar  year  following  the
calendar year of termination or (B) the  Executive's  commencement  of full-time
employment   with  a  new   employer,   at  the   same   cost   as  is  paid  by
similarly-situated  continuing  employees  all  medical  and  health  plans  and
programs for which the

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<PAGE>

Executive was eligible  immediately  prior to the date of termination,  provided
that the Executive's continued participation is possible under the general terms
and provisions of such plans and programs,  and subject further to such periodic
changes  in  such  plans  and  programs  as  are  generally  applicable  to  all
participants  in such plans and programs.  The Executive will be responsible for
any income tax  liability  arising out of any  continued  participation  in such
health and medical plans and programs, and notwithstanding the provision of this
Section 5(c)(iii),  no additional  employment service credits shall be given for
the period of such continued participation.

     (iv) The Severance  Benefits to be provided to the Executive  hereunder and
all other  payments or benefits  which are  "parachute  payments" (as defined in
Section  280(G)(b)(2)(A)  of the Internal  Revenue Code of 1986, as amended (the
"Code")  payable to the Executive  under other  arrangements  or agreements (the
"Total  Payments") shall be adjusted as set forth in this Section  5(c)(iv).  If
the Total Payments as a result of any Change in Control would (in the aggregate)
result in an amount not being  deductible  under Code  Section 280G or an excise
tax under  Section  4999,  the Total  Payments  shall be  reduced  to the extent
necessary so that the  deductibility  of the full amount of such  reduced  Total
Payments  is not  limited  by Code  Section  280G or such  Total  Payment is not
subject to an excise tax under Section 4999.

     (v)  Notwithstanding  anything herein to the contrary,  if any payments due
under this  Agreement  would subject  Executive to any tax imposed under Section
409A of the  Code if such  payments  were  made at the time  otherwise  provided
herein,  then the payments that cause such taxation shall be payable in a single
lump sum on the first day  which is at least  six  months  after the date of the
Executive's  "separation  of service" as set forth in Code  Section 409A and the
regulations issued thereunder."

     8. Section 5 shall be  renumbered  as Section 6 and amended and restated as
follows:

     "Full Settlement,  Mitigation. In no event shall the Executive be obligated
      -----------------------------
to seek other  employment  or take any other action by way of  mitigation of the
amounts  payable to the Executive  under any of the provisions of this Agreement
and such amounts shall not be reduced whether or not the Executive obtains other
employment.  Neither the  Executive nor the Company shall be liable to the other
party for any damages in addition to the amounts  payable under  Sections 4 or 5
arising out of the termination of the Executive's employment prior to the end of
the Employment Period; provided,  however, that the Company shall be entitled to
                       --------   -------
seek damages for any breach of Sections 7, 8, or 9 or criminal misconduct."

     9. Section 6 shall be renumbered as Section 7 and  subsection  (d) shall be
amended and restated as follows:

        "(d) As  used  in  this  Section  7  and in  Section 8 and 9,  "Company"
shall include the Company and any of its subsidiaries."

     10.  Section 7 shall be  renumbered  as  Section 8 and shall be  amended to
change the Section reference in the sixth line from "Section 6" to "Section 7".

                                       5

<PAGE>

     11.  Sections 8, 9, 10 and 11 shall be renumbered as Sections 9, 10, 11 and
12 respectively.

     12.  Section 12 shall be renumbered as Section 13 and  subsection (f) shall
be amended  to change  the  Section  references  on the second and sixth  lines,
respectively, from "Sections 6, 7 and 8" to "Sections 7, 8 and 9".

     13.  Except as  specifically  provided in this  Amendment,  the  Employment
Agreement  is in all  other  respects  hereby  ratified  and  confirmed  without
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/John Adamovich, Jr.
                                              ------------------------
                                              John Adamovich, Jr.

                                       6

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