Document:

EXHIBIT 10.8

                                 NORTH FORK BANK

                                    MODIFIED
                              REVOLVING CREDIT NOTE

BORROWER:      LOGIMETRICS, INC. and mmTech, Inc.
PRINCIPAL:     $2,200,000                             Date:  As of April 30,1998

PROMISE TO PAY: The  undersigned  (the  "Borrower"),  for value  received,  does
hereby  promise  to pay to the  order of NORTH  FORK BANK  (the  "Bank")  at its
offices at 245 Love Lane, Mattituck,  New York 11952, or at any of its branches,
the sum of TWO MILLION TWO HUNDRED THOUSAND  ($2,200,000)  DOLLARS plus interest
thereon from the date hereof as set forth herein.

RATE AND PAYMENT:  The Borrower shall pay said sum, or such lesser amount as may
then be the aggregate unpaid principal  balance of all loans made by the Bank to
the  Borrower  hereunder,  (each a "Loan" and  collectively  the  "Loans") on or
before January 2, 1999 (the "Maturity Date").

Notwithstanding  the  foregoing,  the  Borrower  may, at its option,  extend the
Maturity Date to July 1, 1999,  provided that (a) the Borrower shall provide the
Bank with written  notice of said  election no later than ten (10) days prior to
January 2, 1999,  (b) no event of default shall have occurred  hereunder and (c)
the Borrower  shall have received net cash proceeds of not less than Ten Million
($10,000,000)  Dollars  from the private or public sale of  securities  prior to
January 2,1999.

The Borrower also  promises to pay interest  (computed on the basis of a 360 day
year for actual  days  elapsed) at said  office on the unpaid  principal  amount
hereof from time to time  outstanding  at the rate of two (2%) percent per annum
in excess of that rate stated by the Bank to be its Prime Rate from time to time
in effect, payable monthly in arrears on the first day of each month. Prime Rate
as  referred  to  herein  shall  refer to the  rate of  interest  determined  or
announced  by the Bank from time to time as its Prime Rate and the Prime Rate is
not  necessarily  the lowest rate of  interest  charged by the Bank on loans and
other  credit  relationships.  Each  change in the  Prime  Rate  shall  effect a
simultaneous  and  corresponding  change in the interest rate hereunder  without
notice to the Borrower.  Interest  shall be payable  monthly on the first day of
each month  commencing  on the first such day to occur after the date hereof and
upon payment in full of the unpaid principal amount hereof.

In addition to the  foregoing,  there shall be due and payable from the Borrower
to the Bank a  quarterly  fee equal to  one-fourth  of one (1/4%) percent of the
average unused amount of the Commitment during each such quarter, said fee to be
paid to the Bank not  later  than ten (10)  days  after  the end of each  fiscal
quarter.

<PAGE>

Wherever any payment to be made under this Note is required to be paid on a date
that is a Saturday,  Sunday or public holiday, or the equivalent for banks under
the  laws of the  State  of New  York,  such  payment  may be  made on the  next
succeeding  business  day,  and such  extension  of time  shall in such  case be
included in the computation of interest due.

All payments due under the Note shall be made by automatic debit from an account
maintained  by the  Borrower  for such purpose at the Bank in which the Borrower
shall maintain  balances  sufficient to pay each monthly payment due to the Bank
under  the Loan.  In the event  that the money  maintained  in such  account  is
insufficient  for any  payment  due under  this  Note,  the Bank may  charge any
account of the Borrower for any payment due to the Bank under this Note.

The Bank may charge any account of the  Borrower for any payment due to the Bank
hereunder.

DEFAULT  INTEREST RATE: The unpaid  principal sum due under this Note shall bear
interest at a rate equal to five (5%) percent  above the Rate set forth above on
and after the occurrence of any event of default and until the entire  principal
sum hereof has been fully paid,  both before and after the entry of any judgment
with  respect to such event,  but in no event  shall the rate  either  before or
after  the  occurrence  of any  event of  default  exceed  the  highest  rate of
interest,  if any, permitted under applicable New York or Federal Law. Such rate
of interest  shall  continue until such time as any event of default that may be
cured by the Borrower is cured to the  satisfaction  of the Bank,  at which time
the previously  stated  interest rate shall  re-commence.  In no event shall the
rate  either  before or after the  occurrence  of any such  default  exceed  the
highest rate of interest, if any, permitted under applicable New York or Federal
law.

RIGHT OF OFFSET:  If any payment is not made on time,  or if the entire  balance
becomes due and  payable  and is not paid,  all or part of the amount due may be
offset out of any account or other  property  which the Borrower has at the Bank
or any affiliate of the Bank without prior notice or demand.

LATE CHARGES:  The Borrower will pay a charge of five (5%) percent of the amount
of any  payment  which is not made  within ten (10) days of its  respective  due
date,  or, if  applicable,  which  cannot be  debited  from its  account  due to
insufficient balance on the debit date.

SECURITY:  This Note is secured by:

          (1) a security  interest in and  assignment  and pledge of all monies,
deposits,  or  other  sums now or  hereafter  held by the  Bank on  deposit,  in
safekeeping,  transit or otherwise,  at any time credited by or due from Bank to
the Borrower, or in which the Borrower shall have an interest; and

          (2) a continuing  first lien against all assets of the Borrower as set
forth, in part, in that certain Restated and Amended General Security  Agreement
dated of even date herewith.

In  consideration  of the  granting  of the Loans  evidenced  by this Note,  the
Borrower hereby agrees as follows:

<PAGE>

REVOLVING CREDIT COMMITMENT:

          (a) The  Loans  evidenced  by this Note are  available  in one or more
advances  during the period  which  commences on the date hereof and ends on the
Maturity Date (the "Credit Period") in an aggregate  principal amount up to, but
not  exceeding  at any time the  outstanding  principal  sum of Two  Million Two
Hundred  Thousand  ($2,200,000)  Dollars (the  "Commitment").  During the Credit
Period, the Borrower may use the Commitment by borrowing,  prepaying in whole or
in part and reborrowing,  on a revolving basis, all in accordance with the terms
and conditions hereof;  provided,  however, that each Loan or prepayment be in a
minimum amount of $10,000;

          (b)  Notwithstanding  anything to the contrary set forth  herein,  the
outstanding principal balance of the Loans shall at no time exceed the lesser of
the  Commitment  or the  aggregate  amount  available to the Borrower  under the
following Borrowing Base (as such amount shall fluctuate from time to time):

                    (i)  an  amount  equal  to  eighty  (80%)   percent  of  the
          Borrower's "Eligible Accounts  Receivable",  which shall be defined as
          all accounts  receivable  due to the Borrower from persons or entities
          less (A) uncollectible accounts and/or accounts remaining unpaid after
          a date  which is ninety  (90)  days  after  the  invoice  date of said
          account  receivable  and (B) accounts  receivable due from any account
          debtor who has had one-half (1/2) or more of their accounts receivable
          outstanding  for more than  ninety  (90) days (C) amounts due from the
          Borrower to any account receivable debtor; plus

                    (ii)  an  amount  equal  to  fifty  (50%)   percent  of  the
          Borrower's  "Eligible Inventory" on hand. Eligible Inventory shall (A)
          include  only raw  materials,  unfinished  inventory,  components  and
          finished goods (B) exclude work-in-process on existing "systems".  The
          outstanding principal balance of the Loans attributable to fifty (50%)
          percent of the Borrower's  Eligible Inventory as descried herein shall
          not exceed  sixty  (60%)  percent of the total  outstanding  principal
          balance of the Loans thereafter.

          (c) The Borrower  shall submit to the Bank at the time of each request
for a Loan, but not less than one time per month,  a Borrowing Base  Certificate
confirming the calculation of the Borrower's  Eligible  Accounts  Receivable and
Eligible  Inventory  and  calculating  the  amount  available  to  the  Borrower
hereunder.  Said  Borrowing  Base  Certificate  shall be signed by an authorized
representative of the Borrower;

          (d) The date and amount of each Loan and of each  payment of principal
shall be  maintained  by the Bank in its books and  records  at the time of each
Loan or  payment.  Absent  manifest  error  on the  part of the  Bank,  all such

<PAGE>

notations shall be presumed to be correct and the aggregate net unpaid amount of
Loans set forth therein shall be presumed to be the principal balance hereof;

          (e) Each  request for a Loan shall be subject to the  satisfaction  of
the following conditions precedent:

                    (i) The  Borrower  shall have given the Bank  notice of such
          request,  setting forth the amount of the Loan  requested and the date
          thereof. In addition to the aforementioned,  the Borrower shall submit
          to the Bank at the time of each  request,  but in any  event  not less
          than one time per month, a completed Borrowing Base Certificate in the
          form annexed hereto as Exhibit "A"  satisfactory in form and substance
          to the  Bank.  Such  notice  may be  written  or  oral  and  shall  be
          sufficient if received by 1 p.m. of the date the Loan is requested. If
          the  request  is oral,  it shall be  thereafter  confirmed  in writing
          delivered by the Borrower to the Bank;

                    (ii) No Event of  Default,  or event which would be an Event
          of  Default  but for the  giving of notice or the  passage  of time or
          both, has occurred and is continuing;  and all of the  representations
          and warranties  made by the Borrower  herein shall be true and correct
          in all  material  respects on and as of the date of such request as if
          made on and as of such date;

          (f) The  outstanding  principal  balance of the Loans shall at no time
exceed the amount of the Commitment;

          (g) The Borrower acknowledges and represents that the principal amount
of $1,872,383.85  together with interest thereon is outstanding  under the terms
hereof as of April 30, 1998 without offset' defense or counterclaim.

CONDITIONS PRECEDENT:

          The  Borrower  shall  satisfy  the  following   conditions   precedent
including delivery to the Bank of the following:

          (a) An executed copy of this Note;

          (b) The Bank shall continue to maintain its first  perfected  security
interest in certain  assets of the Borrower (the  "Collateral")  pursuant to the
general security agreement (the "Security Agreement") as reaffirmed of even date
herewith;

<PAGE>

          (c) A copy  of the  resolutions  passed  by the  Borrower's  Board  of
Directors  certified by its  Secretary  or Assistant  Secretary as being in full
force and  effect on the date of this  Agreement,  authorizing  the loan  herein
provided for, the execution, delivery and performance of this Note and any other
instrument  or agreement  required  hereunder and  containing a  certificate  of
incumbency  as to the person or persons  authorized  to execute  and deliver the
same; and

          (d) All other  documents  reasonably  required  by the Bank and/or its
counsel in order to  evidence  and/or  secure the Bank's  position  as set forth
herein.

REPRESENTATIONS AND WARRANTIES: The Borrower hereby represents and warrants to
the Bank that:

          (a) The  Borrower  is duly  organized,  validly  existing  and in good
standing  under the laws of the State of its  formation  and is  qualified to do
business and in good standing  under the laws of each state where its failure to
so qualify would have a material  adverse effect on its business,  operations or
properties;

          (b) This Note, the Security Agreement and all other documents executed
and  delivered  herewith have been duly  authorized,  executed and delivered and
constitute  the  valid  and  legally   binding   obligations  of  the  Borrower,
enforceable in accordance with their respective terms, including the granting to
the Bank of a first perfected security interest in the Collateral;

          (c) The  execution and delivery of this Note,  the Security  Agreement
and  all  other  documents  executed  and  delivered  herewith  and  performance
hereunder and thereunder, will not violate any provision of law;

          (d) Except as set forth in the annexed Disclosure Schedule,  there are
no actions or proceedings  pending before any court or  governmental  authority,
bureau or  agency,  with  respect to or  threatened  against  or  affecting  the
Borrower, or any Subsidiary, which if determined adversely would have a material
adverse  effect on the business,  the assets or the  financial  condition of the
Borrower  or  any  Subsidiary.   As  used  herein,   the  term  "Subsidiary"  or
"Subsidiaries"  means any  corporation  or  corporations  of which the  Borrower
alone, or the Borrower and/or one or more of its Subsidiaries, owns, directly or
indirectly,  at least a majority of the securities  having ordinary voting power
for the election of directors;

          (e)  Except  as set  forth in the  annexed  Disclosure  Schedule,  the
Borrower is not in default under, or in violation of, any term of any agreement,
ordinance, resolution, decree, bond, note, indenture, order or judgment to which
it is a party or by which it is  bound,  or by which  any of the  properties  or
assets  owned by or used in the  conduct  of its  business  is  affected,  which
default or violation may have a material adverse effect on its business,  assets
or financial  condition.  The operations of the Borrower  comply in all material
respects with all laws, ordinances and regulations applicable to it;

          (f) The  Borrower  is not a party to or bound  by,  nor are any of the
properties or assets owned by it or used in the conduct of its business affected

<PAGE>

by any agreement, ordinance, resolution, decree, bond, note, indenture, order or
judgment,  or  subject  to any  charter or other  corporate  restriction,  which
materially and adversely affects its business, assets or financial condition;

          (g) All balance sheets, profit and loss statements and other financial
information heretofore furnished to the Bank are complete and present fairly the
financial condition of the Borrower and its Subsidiaries as at the dates thereof
and for the periods covered thereby,  including contingent  liabilities of every
kind, which financial conditions have not materially adversely changed since the
date of the  most  recently  dated  balance  sheet  of the  Borrower  heretofore
furnished to the Bank;

          (h) No part of the  proceeds  of the loan which is  evidenced  by this
Note will be used  directly  or  indirectly  for the  purpose of  purchasing  or
carrying,  or for payment in full or in part of indebtedness  which was incurred
for the purpose of  purchasing  or  carrying,  any margin  stock as such term is
defined in Sec.  221.3 of  Regulation U of the Board of Governors of the Federal
Reserve System;

          (i)  The  Borrower  and  its  Subsidiaries  are in  compliance  in all
material  respects with the  Employees  Retirement  Income  Security Act of 1974
("ERISA") and all rules and regulations thereunder. Neither the Borrower nor any
of its  Subsidiaries  has any unfunded  vested  liability under any type of plan
described in Section 4021(a) of ERISA ("Pension Plan") and no reportable  event,
as set forth in Section  4043(b) of ERISA,  has occurred or is  continuing  with
respect to any Plan.

FINANCIAL STATEMENTS: The Borrower shall deliver to the Bank:

          (a)  Annually,  as soon as  available,  but in any  event  within  one
hundred  twenty  (120)  days  after the last day of each  fiscal  year,  audited
financial statements,  including balance sheets as of the last day of the fiscal
year and  statements  of income and  retained  earnings and changes in financial
condition  for such  fiscal  year each  prepared in  accordance  with  generally
accepted accounting principles, consistently applied ("GAAP") for the period and
prior periods by Deloitte and Touche, LLP, or other independent Certified Public
Accountants  satisfactory  to  the  Bank  and a  complete  signed  copy  of  the
Borrower's Federal Tax Return (and all schedules annexed thereto);

          (b) As soon as  available,  but in any event  within  twenty (20) days
after the end of each  month  (but  forty-five  (45) days  after the end of each
fiscal quarter),  internally prepared financial  statements of the Borrower each
prepared in accordance  with GAAP and  jobs-in-progress  reports for said period
and prior periods;

          (c)  10K and 10Q  reports  and  documentation  within  the  prescribed
reporting period;

          (d) Within a reasonable  time after a written request  therefor,  such
other financial data or information as the Bank may reasonably request from time
to time;

<PAGE>

          (e) At the same time as it delivers the financial  statements required
under the provisions of subsections (a) and (b) hereof, a certificate  signed by
the President or the chief financial, or accounting, officer of the Borrower, to
the effect  that no Event of Default  hereunder  or material  default  under any
other  agreement to which the Borrower or any  Subsidiary is a party or by which
it is bound, or by which any of its properties or assets may be affected, and no
event  which,  with the  giving of notice or the lapse of time,  or both,  would
constitute  such an Event of Default,  has occurred,  except as set forth in the
annexed Disclosure Schedule;

          (f) On a monthly basis,  no later than the twentieth  (20th) day after
each such month,  the Borrowing Base Certificate  referenced  herein and backlog
reports and accounts receivable agings of the Borrower;

          (g) Annual budget at closing and semi-annual budget thereafter on each
January 20 and July 20.

AFFIRMATIVE  COVENANTS:  The Borrower  will, and with respect to  the agreements
set forth in subsections (a) through (f) hereof, will cause each Subsidiary to:

          (a) With  respect to its  properties,  assets and  business,  maintain
insurance  against  loss or damage,  to the  extent  that  property,  assets and
businesses of similar  character  are usually so insured by companies  similarly
situated and operating like  properties,  assets or businesses with  responsible
insurance  companies  satisfactory  to the Bank,  said insurance to indicate the
Bank as an additional insured and loss payee;

          (b) Duly pay and  discharge  all  taxes or other  claims  which  might
become a lien upon any of its  properties  except to the extent  that such items
are being in good faith appropriately contested;

          (c) Maintain, preserve and keep its properties in good repair, working
order and condition, and make all reasonable repairs,  replacements,  additions,
betterments and improvements thereto;

          (d)  Conduct  its  business  in  substantially  the same manner and in
substantially the same fields as such business is now carried on and conducted;

          (e) Comply with all statutes,  rules and  regulations and maintain its
corporate existence;

          (f)  Permit  the Bank to make or cause  to be  made,  inspections  and
audits of any books,  records and papers of the Borrower  and of any  Subsidiary
and each endorser  hereof and to make extracts  therefrom at all such reasonable
times and as often as the Bank may reasonably require;

<PAGE>

          (g)  Immediately  give notice to the Bank that an Event of Default has
occurred or that an event which,  with the giving of notice or lapse of time, or
both,  would  constitute an Event of Default,  has occurred and  specifying  the
action which the Borrower has taken and proposes to take with respect thereto;

          (h) In addition to the  aforementioned,  the Borrower  agrees that the
following  financial  covenants are covenants  upon which the Bank relies in the
extension of the obligation  evidenced  hereby and that any violation or default
under same shall constitute an Event of Default under the terms hereof:

                    (1) at the  end of  each  fiscal  quarter  during  the  term
          hereof,  the Borrower  shall maintain a Tangible New Worth of $846,471
          or greater (as  calculated  in  accordance  with GAAP).  For  purposes
          hereof  "Tangible Net Worth" shall mean, at any date, (i) the net book
          value of assets (other than patents, patent rights, trademarks,  trade
          names, franchises,  copyrights,  licenses, permits, goodwill and other
          intangible  assets  classified as such in accordance  with GAAP) after
          all  appropriate  adjustments  in  accordance  with  GAAP  (including,
          without limitation,  reserves for doubtful receivables,  obsolescence,
          depreciation and amortization) plus (ii) subordinated indebtedness, in
          each case computed in accordance with GAAP;

                    (2) at the  end of  each  fiscal  quarter  during  the  term
          hereof,  the  Borrower  shall report a net income  (gross  income less
          taxes an extraordinary items) of not less than $1.00.

COMPENSATING  BALANCE AND DEFICIENCY  FEE  AGREEMENT:  If at any time during the
term hereof,  the aggregate  average  monthly ledger  balance  maintained in the
non-interest  deposit  accounts  of the  Borrower  at the  Bank  are  less  than
$220,000,  the Borrower shall pay to the Bank an additional fee equal to (a) the
difference  between  $220,00 and the aggregate  average  monthly  ledger balance
maintained in the  non-interest  bearing deposit accounts of the Borrower at the
Bank,  multiplied by (b) a fixed rate (the "Deficiency Rate") equal to four (4%)
percent in excess of the Bank's  Prime Rate,  based on a 360 day year and actual
number of days elapsed. The $220,000  Compensating Balance requirement set forth
herein is  intended  as an  aggregate  requirement  for all  obligations  of the
Borrower to the Bank. The Deficiency  Rate shall be established on the first day
of each January and July and shall be applicable for the immediately ensuing six
(6) moth period.

The fee  defined  herein  shall be due and  payable  within  fifteen  (15)  days
following the end of each calendar quarter and shall be debited by the Bank from
any account  maintained by the Borrower at the Bank. The Borrower shall maintain
sufficient funds in said accounts to permit such debit.

<PAGE>

Nothing  contained herein shall be deemed to require the undersigned to maintain
Demand  Deposit  Balances at the Bank. The  aforementioned  is intended as a fee
only and is neither intended,  nor to be construed as, an imposition of interest
or other charge.

NEGATIVE COVENANTS:The Borrower will not, and will not permit any Subsidiary to:

          (a)  Create,  incur,  assume  or suffer  to exist  any  liability  for
borrowed money, except (i) amounts outstanding under the Borrower's twelve (12%)
percent  Convertible Senior  Subordinated  Debentures,  (ii) amounts outstanding
under the  Borrower's  Amended and  Restated  twelve (12%)  percent  Convertible
Subordinated  Debentures the aforementioned are collectively  referred to herein
as the  "Debentures")  (iii)  indebtedness  to the Bank;  (iv)  existing debt as
reflected  on the most  recent  balance  sheet  provided to the Bank and further
incurred  through the date of this  Agreement,  which further  incurred debt has
been  acknowledged by the Borrower to the Bank in writing prior to the execution
hereof;   and  (v)  other  indebtedness  for  borrowed  money  (whether  or  not
constituting   a  refinancing  of  existing   indebtedness)   so  long  as  such
indebtedness  is not secured by collateral  securing  repayment of this Loan and
the incurrence of which will not cause a default hereunder.  The Borrower agrees
to provide the Bank an opportunity to finance any additional  borrowing needs in
excess of $100,000 during the term of this Note;

          (b) enter into any merger or consolidation  (where the Borrower is not
the surviving entity) or liquidate, wind-up or dissolve itself or sell, transfer
or lease or otherwise dispose of all or any substantial part of its assets;

          (c) lend or  advance  money,  credit or  property  to or invest in (by
capital  contribution,  loan, purchase or otherwise) any firm,  corporation,  or
other person where any event of default has occurred and is  continuing or where
such transaction would cause an event of default hereunder;

          (d) create,  assume or permit to exist, any mortgage,  pledge, lien or
encumbrance  of or upon or security  interest  in, any of its property or assets
now owned or  hereafter  acquired  except  (i)  mortgages,  liens,  pledges  and
security  interests in favor of the Bank; (ii)  subordinate  liens incidental to
the  Debentures or to be granted to MBF Capital Corp. as set forth in subsection
(a)  hereof;  (iii) other  liens,  charges and  encumbrances  incidental  to the
conduct of its  business or the  ownership of its property and assets which were
not  incurred in  connection  with the  borrowing  of money or the  obtaining of
advances  or credit and which do not  materially  impair the use  thereof in the
operation of its business;  (iv) liens for taxes or other  governmental  charges
which are not  delinquent  or which are being  contested  in good  faith and for
which a reserve  shall  have  been  established  in  accordance  with  generally
accepted  accounting  principles;  (v) liens  granted to secure  purchase  money
financing  of  equipment,  provided  such  liens are  limited  to the  equipment
financed;  and (vi) liens granted to refinance  unencumbered  equipment provided
such liens are limited to the equipment  refinanced  and the incurrence of which
will not cause a default hereunder or in any other loan agreements or notes with
the Bank;

<PAGE>

          (e)  assume,  endorse,  be or  become  liable  for  or  guarantee  the
obligations  of any  other  person  except  by  the  endorsement  of  negotiable
instruments for deposit or collection in the ordinary course of business;

          (f) declare or pay any preferred  dividends where any Event of Default
has occurred and is continuing;

          (g) (i)  terminate  any Pension  Plan so as to result in any  material
liability to The Pension Benefit Guaranty  Corporation  established  pursuant to
Subtitle  A of Title IV of ERISA  (the  "PBCG"),  (ii)  engage in or permit  any
person to engage in any "prohibited  transaction"  (as defined in Section 406 of
ERISA  or  Section  4975 of the  Internal  Revenue  Code of  1954,  as  amended)
involving any Pension Plan which would subject the Borrower to any material tax,
penalty  or other  liability,  (iii)  incur or  suffer  to  exist  any  material
"accumulated  funding deficiency" (as defined in Section 302 of ERISA),  whether
or not waived,  involving any Pension Plan, or (iv) allow or suffer to exist any
event or  condition,  which  presents a material  risk of  incurring  a material
liability to the PBCG by reason of termination of any Pension Plan.

COLLATERAL SECURITY:

          (a) As  collateral  security for the payment of any and all sums owing
under this Note and all other obligations,  direct or contingent, joint, several
or  independent,  of the Borrower and of any Subsidiary and each endorser hereof
now or hereafter  existing,  due or to become due to, or held, or to be held by,
the Bank,  whether created  directly or acquired by assignment or otherwise (all
of  such   obligations,   including  this  Note,  are  hereinafter   called  the
"Obligations"),  the Borrower  hereby  grants to the Bank a lien on and security
interest in any and all  deposits  or other sums at any time  credited by or due
from the Bank to the Borrower, whether in regular or special depository accounts
or  otherwise,  and any and all  monies,  securities  and other  property of the
Borrower,  and the proceeds thereof,  now or hereafter held or received by or in
transit to the Bank from or for the Borrower, whether for safekeeping,  custody,
pledge,  transmission,  collection or otherwise,  and any such  deposits,  sums,
monies,  securities and other property,  may at any time after the occurrence of
any Event of Default be set-off,  appropriated  and applied by the Bank  against
any of the  Obligations  whether  or not  such  Obligations  are then due or are
secured  by any  collateral,  or, if they are so  secured,  whether  or not such
collateral held by the Bank is considered to be adequate and with respect to all
collateral security the Bank shall have all the rights and remedies available to
it under the Uniform Commercial Code of New York and other applicable law;

          (b) This Note is also secured by the Collateral.

EVENTS  OF  DEFAULT:  If any one or more of the  following  events  ("Events  of
Default")  shall occur the Borrower  shall be in default  hereunder  and, at the
option of the Bank,  the entire unpaid  balance of the principal of and interest
on the Obligations shall immediately become due and payable:

<PAGE>

          (a)  Failure to pay any amount  required  by this Note within ten (10)
days of its  respective  due date, or any other  obligation  owed to the Bank by
Borrower, or, if applicable, failure to have sufficient funds in its account for
loan payments to be debited on the due date;

          (b) Failure to perform or keep or abide by any  negative or  financial
covenant  set forth  herein  contained  in this Note,  or any other  document or
instrument given to the Bank in connection with this loan;

          (c) Failure to perform or keep or abide by any other  term,  covenant,
or condition  contained in this Note, or any other document or instrument  given
to the Bank in connection with this Loan,  said failure  continuing for a period
of thirty (30) days after written notice thereof;

          (d) Payment Default by the Borrower or any declared  default  pursuant
to the Debentures;

          (e) The Borrower  makes an assignment  for the benefit of creditors or
admits in writing its  inability to pay its debts  generally as they become due;
or an order, judgment or decree is entered adjudicating the Borrower as bankrupt
or  insolvent;  or any order for relief with  respect to the Borrower is entered
under the United States Bankruptcy Code; or the Borrower petitions or applies to
any tribunal for the appointment of a custodian, trustee, receiver or liquidator
of the Borrower or of any  substantial  part of the assets of the  Borrower,  or
commences  any  proceeding  relating  to  the  Borrower  under  any  bankruptcy,
reorganization,  arrangement,  insolvency,  readjustment of debt, dissolution or
liquidation  law of any  jurisdiction;  or any such petition or  application  is
filed, or any such proceeding is commenced,  against the Borrower and either (i)
the Borrower by any act indicates its approval  thereof,  consents  thereto,  or
acquiesces  therein or (ii) such  petition,  application  or  proceeding  is not
dismissed within sixty (60) days;

          (f) The happening of any event which,  in the  reasonable  judgment of
the Bank,  adversely affects the Borrower's ability to repay or the value of any
collateral;

          (g) If any material written  representation or material statement made
to the Bank by the Borrower is untrue when made;

          (h) The occurrence of a default under any other document or instrument
given to the Bank in connection with this loan;

          (i) Failure to provide any financial  information on request or permit
an examination of books and records;

          (j) In the event that any person or "group"  (as defined in Rule 13d-S
promulgated  under the Exchange  Act),  acquires or otherwise  obtains the right
(whether by contract,  through the  ownership of  securities  or pursuant to any
proxy or consent  arrangement,  voting trust or otherwise) to appoint,  elect or
cause the election of a majority of the Board of Directors of the Company;

<PAGE>

          (k) if any order is  entered  by any court or  tribunal,  at law or in
equity, by or against any of the Obligors for the appointment of any receiver or
any  trustee for any of the  Obligors  and said Order is not  discharged  within
sixty (60) days from the entry thereof.

ATTORNEYS  FEES:  In  the  event  the  Bank  retains  counsel  with  respect  to
enforcement of this Note or any other document or instrument  given to the Bank,
the Borrower agrees to pay the Bank's reasonable  attorneys fees (whether or not
an action is commenced and whether or not in the court of original jurisdiction,
appellate court, bankruptcy court, or otherwise).

SUBSEQUENT  AGREEMENTS:  The Borrower shall be bound by any agreement  extending
the time or modifying the above terms of payment made by the Bank without notice
to the Borrower, and the Borrower shall continue to be liable to pay all amounts
due hereunder,  but at an interest rate not exceeding the rate set forth herein,
according to the terms of any such agreement of extension or modification.

MISCELLANEOUS:

          (a)  Only  those  agreements,   representations  and  warranties  made
expressly  herein shall survive the delivery of this Note.  The Borrower  waives
trial by jury,  set-off and  counterclaim  of any nature or  description  in any
litigation in any court with respect to, in connection  with, or arising out of,
this  Note or any  instrument  or  document  delivered  pursuant  hereto  or the
validity, protection, interpretation, collection or enforcement hereof;

          (b) No  modification  or waiver of or with respect to any provision of
this Note,  or consent to any departure by the Borrower from any of the terms or
conditions hereof, shall in any event be effective unless it shall be in writing
and signed by the Bank,  and then such waiver or consent shall be effective only
in the specific  instance  and for the purpose for which given.  No notice to or
demand on the Borrower in any case shall, of itself,  entitle it to any other or
further notice or demand in similar or other circumstances;

          (c) Each and every right  granted to the Bank  hereunder  or under any
other document delivered hereunder or in connection  herewith,  or allowed it by
law or equity,  shall be cumulative  and may be exercised  from time to time. No
failure on the part of the Bank or the holder of this Note to  exercise,  and no
delay in exercising,  any right shall operate as a waiver thereof, nor shall any
single or partial  exercise of any right  preclude any other or future  exercise
thereof or the exercise of any other right;

          (d) In the event that this Note is placed in the hands of an  attorney
for collection by reason of any default  hereunder,  the Borrower  agrees to pay
reasonable  attorney's  fees  so  incurred.  The  Borrower  promises  to pay all
reasonable  out-of-pocket  expenses of any nature as soon as incurred whether in
or out of court and whether  incurred before or after this Note shall become due
at its maturity date or otherwise and Costs which the Bank may deem necessary or
proper  in  connection  with  the   satisfaction  of  the  indebtedness  or  the

<PAGE>

administration, supervision, preservation, protection (including but not limited
to maintenance of adequate insurance) of or the realization upon the collateral;

          (e) The  Borrower  hereby  waives  presentment,  demand  for  payment,
protest,  notice of protest, notice of dishonor, and any or all other notices or
demands except as otherwise expressly provided for herein;

          (f) All accounting terms not otherwise defined in this Note shall have
the meanings ascribed thereto under generally accepted accounting principles;

          (g) Delay or failure of the Bank to exercise  any of its rights  under
this Note shall not be deemed a waiver  thereof.  No waiver of any  condition or
requirement  shall operate as a waiver of any other or  subsequent  condition or
requirement.  The Bank or any other  holder of this  Note  need not  present  it
before  requiring  payment.  The  Borrower  waives  trial by jury,  offset,  and
counterclaim with respect to any action arising out of or relating to this Note.
This Note may not be modified or terminated orally.  This Note shall be governed
by the laws of the State of New York  without  regard to its  conflicts  of laws
rules.  The Borrower  irrevocably  consents to the jurisdiction and venue of the
New York State Supreme Court, Suffolk County in any action concerning this Note.
This Note is binding upon the Borrower, its heirs, successors and assigns;

          (h) The Borrower expressly warrants and represents that no statements,
agreements or  representations,  whether oral or written,  have been made by the
Bank,  or by any  employee,  agent or  broker of the Bank  with  respect  to the
obligation  or debt  evidenced  by this Note.  The  Borrower  further  expressly
warrants and represents that (i) no oral commitment has been made by the Bank to
extend or  continue  any  credit to the  Borrower  or any  party  other  than as
expressly  stated  herein or in those certain  documents  executed in connection
herewith, (ii) no representation or agreement has been made by or with the Bank,
or any employee,  agent or broker of the Bank, to forebear or refrain in any way
from exercising any right or remedy in its favor  hereunder or otherwise  unless
expressly set forth herein,  and (iii) the Borrower has not and will not rely on
any  commitment  to extend or  continue  any  credit,  nor on any  agreement  to
forebear or refrain from exercising rights or remedies unless such commitment or
agreement shall be in writing and duly executed by an authorized  officer of the
Bank.

NOTICES: All notices,  requests and other  communications  pursuant to this Note
shall be in writing,  either by letter  (delivered  by hand or sent by certified
mail, return receipt requested) or telegram, addressed as follows:

                  (a)      if to the Borrower:

                           c/o Logimetrics , Inc.
                           50 Orville Drive
                           Bohemia, New York 11716
                           Attention: Norman Phipps, President

<PAGE>

                  (b)      if to the Bank:

                           North Fork Bank
                           275 Broad Hollow Road
                           Melville, New York 11747

                           Attention Joseph Walsh, Senior Vice President

          Any notice, request or communication hereunder shall be deemed to have
been  given when  deposited  in the mails,  postage  prepaid,  or in the case of
telegraphic  notice,  when  delivered  to the  telegraph  company,  addressed as
aforesaid.  Any party may  change  the  person or  address  to whom or which the
notices are to be given  hereunder,  but any such notice shall be effective only
when actually received by the party to whom it is addressed.

          IN WITNESS  WHEREOF,  the Borrower has signed this Note as of the 30th
day of April, 1998.

                                             LOGIMETRICS, INC.

                                              By:/s/Norman Phipps
                                                 _______________________________
                                                 Norman Phipps
                                                 President

                                              mmTech, Inc.

                                              By:/s/Charles S. Brand
                                                 _______________________________
                                                 Charles S. Brand
                                                 President

<PAGE>

STATE OF NEW YORK                )
                                 ) ss.:
COUNTY OF NASSAU                 )

          On this day of March,  1997,  before me personally came Norman Phipps,
to me known,  who,  being by me duly  sworn,  did  depose and say that he has an
address at c/o  LOGIMETRICS,  INC.,  121-03 Dupont Street,  Plainview,  New York
11803, that he is the President of LOGIMETRICS,  INC., the corporation described
in, and which executed,  the foregoing  instrument;  and that he signed his name
thereto by order of the Board of Directors of said corporation.

                                               _________________________________
                                               NOTARY PUBLIC

STATE OF NEW YORK                )
                                 ) ss.:
COUNTY OF NASSAU                 )

          On this day of March,  1997,  before me  personally  came  Charles  S.
Brand, to me known,  who, being by me duly sworn, did depose and say that he has
an address at c/o LOGIMETRICS,  INC., 121-03 Dupont Street,  Plainview, New York
11803,  that he is the President of mmTech,  Inc. the corporation  described in,
and which  executed,  the  foregoing  instrument;  and that he  signed  his name
thereto by order of the Board of Directors of said corporation.

                                               _________________________________
                                               NOTARY PUBLIC

<PAGE>

                                   EXHIBIT "A"

                           BORROWING BASE CERTIFICATE

The undersigned hereby certifies that:

          1. The undersigned has performed and complied in all respects with the
agreements,  covenants and  conditions of those  certain loan  agreements  dated
April 30, 1998 between North Fork Bank and the undersigned; and

          2. On the date hereof,  there exists no event of default or default as
defined in the  aforementioned  agreements,  and no material  adverse change has
occurred to the financial  condition of the Borrower  between April 30, 1998 and
the date hereof; and

          3. The following information relating to the Borrowing Base as defined
in the agreement is true and accurate and  represents  fairly and completely the
status of the stated information as of the date hereof.

Eligible Inventory                                         _______x 50% ______

Eligible Accounts Receivable                               _______x 80% ______

Total Eligible Inventory and Accounts Receivable

         Less Outstanding Loan (A)                            __________

         Remaining Eligibility (B)                            ==========

             (A + B not to exceed the sum of  $2,200,000 or such maximum
             available as is defined herein)

                                             LOGIMETRICS, INC.

                                              By:
                                                 _______________________________
                                                 Norman Phipps
                                                 PresidentEXHIBIT 10.9

                                    MODIFIED
                           GENERAL SECURITY AGREEMENT

          AGREEMENT made as of this 30th day of April,  1998 by the  undersigned
to NORTH FORK BANK, having an office at 245 Love Lane, Mattituck, New York 11952
(the "Bank").

          1. Definitions.

          The term  "Obligations"  shall include all indebtedness,  obligations,
liabilities, and guarantees of any kind of the undersigned to the Bank (and also
to others to the extent of participations or interests therein of the Bank), now
existing  or  hereafter  arising,  and  whether  direct  or  indirect,  acquired
outright,  conditionally  or as collateral  security  from another,  absolute or
contingent,  joint or several, secured or unsecured, due or not due, contractual
or  tortious,  liquidated  or  unliquidated,  arising  by  operation  of  law or
otherwise,  whether or not of a nature presently  contemplated by the parties or
subsequently agreed to by them.

          The term "Collateral" shall include all personal property and fixtures
in which the  undersigned  has or shall  have an  interest  (including,  but not
limited  to, all  personal  property  and  fixtures  as  described  herein to be
acquired by the undersigned in connection with the acquisition of mmTech, Inc.),
now or  hereafter  existing  or  acquired,  and  wherever  located,  tangible or
intangible,  including but not limited to all present and hereafter  existing or
acquired accounts,  accounts receivable,  contract rights,  general intangibles,
equipment,  goods,  inventory  (raw  materials,   components,  work-in  process,
finished merchandise and packing and shipping materials), personal property made
available to the undersigned by the Bank (or its agent or bailee)  pursuant to a
trust receipt or other security agreement the effect of which is to continue the
Bank's security interest therein, money, instruments,  documents, chattel paper,
securities,  deposits,  patents and patent rights,  credits,  claims and demands
against the Bank, and all proceeds, products, returns, additions, accessions and
substitutions of and to any of the foregoing.

          All  other  terms  used  herein  which  are  defined  in  the  Uniform
Commercial Code of the State of New York shall have the meanings therein stated.

          2. Grant of Security Interest.

          In  consideration  of the loan of (a) Two Million Two Hundred Thousand
($2,200,000)  Dollars  pursuant to a Restated and Amended  Revolving Credit Note
dated of even date herewith and (b) $256,000  pursuant to a Restated and Amended
Term Note  extended  by the Bank to the  undersigned  and of one or more  loans,
advances, or other financial  accommodations at any time made or extended by the
Bank  to  the  undersigned,  or  to  any  person,  firm,  or  corporation  whose
obligations or liabilities  are guaranteed at any time by the undersigned to the

<PAGE>

Bank,  the  undersigned  hereby  grants  to the Bank a valid and  binding  first
security interest in the Collateral,  as security for the payment,  performance,
and observance by the undersigned of the  Obligations.  The  undersigned  hereby
transfers and delivers to the Bank all Collateral  which the Bank is required to
take  possession  of in order to perfect its  security  interest,  and agrees to
transfer  and deliver to the Bank all  Collateral  which the Bank is required to
take possession of in order to perfect its security interest  therein,  promptly
upon the acquisition by the undersigned after the date hereof of any interest in
such Collateral.  The undersigned  agrees that the Bank has sole discretion with
regard to the making of any loans,  advances, or other financial  accommodations
to the  undersigned  or any such other person,  firm, or  corporation,  and that
nothing herein shall obligate the Bank with respect thereto.

          3.  Warranties and  Agreements.  The  undersigned  warrants and agrees
that:

          (a)  Collateral  location  and use. The  undersigned's  chief place of
business,  its financial books and records  relating to the Collateral,  and the
Collateral,  are  located  and/or  based at the address set forth at the foot of
this  Agreement.  The  undersigned  will not relocate any of the Collateral from
said location  without the prior written consent of the Bank. The Collateral was
and/or  will be acquired by the  undersigned  solely for use in its  business at
said  location,  and the  Collateral  is not and shall not be used for any other
use.

          (b) Existing liens, security interests,  and encumbrances.  Except for
the security interest granted herein,  the undersigned is the legal owner of all
interest  in the  Collateral  and shall  keep the  Collateral  free and clear of
liens, security interests, or encumbrances, and will not assign, sell, mortgage,
lease,  transfer,  pledge,  grant a security  interest in, encumber or otherwise
dispose  of or  abandon  any part or all of the  Collateral  without  the  prior
written  consent  of the Bank,  except for (i) the sale from time to time in the
ordinary  course of business of the  undersigned  of such items of Collateral as
may constitute all or part of the business inventory of the undersigned and (ii)
that certain  subordinate  security  interests granted by the undersigned to the
holder(s)  of  (i)  the  Borrower's  twelve  (12%)  percent  Convertible  Senior
Subordinated Debentures (the "Debentures"). Any default by the undersigned under
or with respect to any such security  instrument or obligations  secured thereby
shall constitute an event of default under this Agreement.

          (c) Taxes,  compliance  with laws. The  undersigned  will make due and
timely payment or deposit of all taxes,  assessments,  or contributions required
by law which may be  lawfully  levied or  assessed  with  respect  to any of the
Collateral  and will  execute  and deliver to the Bank,  on demand,  appropriate
certificates  attesting  to the timely  payment  or  deposit of all such  taxes,
assessments or contributions. The undersigned will use the Collateral for lawful

<PAGE>

purposes only, and with all reasonable care and caution,  and in conformity with
all applicable laws, ordinances and regulations. At its own cost and expense the
undersigned will keep the Collateral in proper order, repair, and condition.

          (d)  Inspection.  The Bank shall at all times have free  access to and
the right of inspection of any part or all of the  Collateral and any records of
the  undersigned  (and the right to make  extracts from such  records),  and the
undersigned  shall  deliver  to the Bank the  originals  or true  copies of such
papers and instruments  relating to any or all of the Collateral as the Bank may
request at any time.

          (e) Collateral to remain personal property.  The Collateral is now and
shall be and remain personal property,  notwithstanding  the manner in which the
Collateral  or any part thereof shall be now or hereafter  affixed,  attached or
annexed to real property.  The  undersigned  will obtain and deliver to the Bank
such  instruments  as may be requested by the Bank  pursuant to which any person
with an interest  in any real estate upon which any part of all of the  tangible
Collateral is now or may hereafter be located consents to the security  interest
granted herein,  disclaims any interest in the tangible  Collateral as fixtures,
waives in favor of the Bank all right to  distrain  or levy upon the  Collateral
for rent due or to become due from the  undersigned,  and authorizes the Bank to
enter  upon any  premises  of the  undersigned  at any time  and to  remove  the
Collateral.

          (f)  Insurance.  The  undersigned,  at its own cost and expense,  will
insure  the  Collateral  in the name of and with loss or damage  payable  to the
undersigned and the Bank, as their interests may appear,  against loss or damage
by fire and extended coverage,  theft,  burglary,  pilferage,  bodily injury and
such  other  risks as the Bank may  require,  with  such  companies  and in such
amounts as may be required by the Bank at any time in its sole  discretion.  All
such policies shall provide for ten days' minimum written notice of cancellation
to the Bank,  and the  undersigned  shall  deliver to the Bank the  original  or
duplicate policies,  or certificates or other evidence satisfactory to the Bank,
of compliance with the foregoing insurance  provisions.  The undersigned assumes
all responsibility and liability arising from the use of the Collateral,  either
for negligence or otherwise,  by whomsoever used, employed or operated, and will
defend,  indemnify and save the Bank  harmless  from any and all claim,  loss or
damage  to  persons  or  property  caused  by the  Collateral  or by its use and
operation.

          (g) Maintain  security  interests,  reports.  In addition to all other
provisions hereof, the undersigned will from time to time at the sole expense of
the undersigned,  perform any and all steps and/or  procedures  requested by the
Bank at any time to perfect and  maintain  the Bank's  security  interest in the
Collateral,  including  but not limited to  transferring  any part or all of the

<PAGE>

Collateral  to the  Bank or any  nominee  of the  Bank  (including  warehouses),
placing and  maintaining  signs,  appointing  custodians,  executing  and filing
financing  statements  and notices of lien,  delivering to the Bank documents of
title  representing the Collateral or evidencing the Bank's security interest in
any other manner  acceptable  to and  requested by the Bank. If requested by the
Bank,  the  undersigned  will from time to time  execute and deliver to the Bank
assignments  of  accounts  in form  satisfactory  to the Bank,  but  should  the
undersigned  fail in any one or more  instances  to execute and deliver any such
assignments  of  accounts,  such  failure  shall  not  constitute  a  waiver  or
limitation of the within security  interest in all of the Collateral  (including
said accounts) which shall remain in full force and effect.

          At the request of the Bank, the undersigned  shall deliver to the Bank
all original  documents  evidencing  the sale and delivery of merchandise or the
performance  of labor or services  which created any account,  including but not
limited to all original contracts,  orders, invoices, bills of lading, warehouse
receipts and shipping  receipts,  together with all collateral  security  and/or
guarantees or other  contracts of suretyship  held by the undersigned in respect
of the  accounts,  together  with  assignments  of any  of the  foregoing  where
requested by the Bank.

          If at any  time  any  part or all of the  Collateral  shall  be in the
possession  or  control  of  any  of  the  undersigned's  bailees,   agents,  or
processors,  the  undersigned  will notify such  persons of the Bank's  security
interest therein and upon the Bank's request, the undersigned will instruct such
persons to hold all such  Collateral  for the Bank's  account and subject to the
Bank's instructions and the undersigned will obtain and deliver to the Bank such
instrument(s)  requested by the Bank  pursuant to which such persons  consent to
the security  interest granted herein,  disclaim any interest in the Collateral,
waive in favor of the Bank all liens  upon and claims to the  Collateral  or any
part  thereof,  and  authorize the Bank at any time to enter upon and remove the
Collateral from any premises upon which the same may be located.

          (h) Further documentation. The undersigned shall, at its sole cost and
expense,  simultaneously  herewith and upon the request of the Bank, at any time
and from time to time,  execute  and  deliver to the Bank one or more  financing
statements  pursuant  to the  Uniform  Commercial  Code,  and any other  papers,
documents  or  instruments  required  by the Bank in  connection  herewith.  The
undersigned hereby authorizes the Bank to execute and file, at any time and from
time to time, on behalf of the  undersigned,  one or more  financing  statements
with  respect  to all or any  part of the  Collateral,  the  filing  of which is
advisable, in the sole judgment of the Bank, pursuant to the law of the State of
New York,  although the same may have been  executed only by the Bank as secured
party.  The  undersigned  also  irrevocably   appoints  the  Bank,  its  agents,
representatives and designees,  as the undersigned's agent and attorney-in-fact,
to execute and file,  from time to time,  on behalf of the  undersigned,  one or
more financing statements with respect to all or any part of the Collateral.

<PAGE>

          (i) Bona fide accounts. The undersigned warrants to the Bank that each
of the  debtors  named in any account  has legal  capacity  to  contract  and is
indebted to the undersigned in the amount  indicated in the books and records of
the undersigned and in any assignments  executed and delivered to the Bank; that
each account is bona fide and arises out of the sale and delivery of merchandise
and/or the performance of labor or services.

          (j)  Collection of accounts.  Upon an event of default as  hereinafter
defined,  where  the Bank so  requests,  all bills  and  statements  sent to any
customer or any account  shall state that said account has been  assigned to the
Bank and is  payable  only to the  Bank.  The Bank may  endorse  the name of the
undersigned  on all notes,  checks,  drafts,  bill of  exchange,  money  orders,
commercial  paper of any kind  whatsoever,  and any other  document  received in
payment of or in  connection  with  accounts or  otherwise,  and the Bank or any
officer or employee thereof, is hereby irrevocably constituted and appointed the
agent and attorney-in-fact for the undersigned for the foregoing purpose, and to
receive,  open and  dispose of all mail  addressed  to the  undersigned,  and to
notify the Post Office  authorities  to change the  address for the  delivery of
mail addressed to the undersigned to such address(es) as the Bank may designate.
Any bank or trust company is hereby irrevocably authorized to permit the Bank to
deposit the  proceeds of accounts so endorsed  and to withdraw  the same without
inquiry  as  to  the  circumstances  of  endorsement  or as to  the  purpose  of
withdrawal, and without being required to answer for the application by the Bank
of the monies so  withdrawn.  The  proceeds of  accounts,  received by the Bank,
shall be applied to the  Obligations  but shall not constitute  payment  thereof
until so applied,  it being agreed that the order and method of such application
shall be in the discretion of the Bank.

          (k)  Settlement of accounts.  The Bank is authorized  and empowered to
compromise  or extend the time for  payment of any of the  Collateral,  for such
amounts and upon such terms as the Bank may determine,  and to accept the return
of goods represented by any of the Collateral,  all without notice to or consent
by the undersigned  and without  discharging or affecting the obligations of the
undersigned hereunder.

          (l) Payment of debtor's  obligations,  reimbursement.  The Bank may in
its  discretion,  for the  account and  expense of the  undersigned  (i) pay any
amount or do any act  which is  required  to be paid or done by the  undersigned
under this  Agreement  (including  but not limited to the repair and insuring of
Collateral and payment of taxes) and which the undersigned fails to do or pay as
herein  required,  (ii)  pay any sums due and  owing by the  undersigned  to the
landlord(s) of any premises  where any  Collateral is located,  and (iii) pay or
discharge any lien,  security  interest or  encumbrance in favor of anyone other
than the Bank which covers or affects the  Collateral or any part  thereof.  The
undersigned  will  promptly  reimburse  and pay the Bank  for any and all  sums,
costs,  fees,  and  expenses  which  the  Bank may pay or  incur  by  reason  of
defending,  protecting or enforcing the security  interest herein granted or the

<PAGE>

priority  thereof or in enforcing  payment of the  Obligations or in discharging
any lien or claim against the Collateral or any part thereof or in the exchange,
collection,  compromise or settlement of any of the Collateral or receipt of the
proceeds thereof or for the care of the Collateral,  by litigation or otherwise,
and with respect to either the undersigned,  account debtors,  guarantors of the
undersigned  and other  persons,  including  but not limited to all court costs,
collection  charges,  travel,  and reasonable  attorneys' fees (not less than 15
percent of the  outstanding  Obligations  where permitted by applicable law) and
all  reasonable  expenses  (including  reasonable  counsel fees) incident to the
enforcement of payment of any  obligations  of the  undersigned by any action or
participation  in, or in connection with, a case or proceeding under chapters 7,
11 or 13 of the Bankruptcy Code, or any successor statute thereto. All sums paid
and all costs,  expenses and  liabilities  incurred by the Bank  pursuant to the
foregoing provisions, together with interest thereon at the rate of twelve (12%)
percent per annum, shall be added to and become part of the Obligations  secured
hereby.

          4. Transfer of Collateral.

          Upon an event of default as hereinafter defined, at its discretion the
Bank may,  whether or not any of the  Obligations  be due, in its name or in the
name of the  undersigned or otherwise,  notify any account debtor or the obligor
on any  instrument  to make  payment to the Bank,  demand,  sue for,  collect or
receive any money or property at any time payable or receivable on account of or
in exchange for, or make any  compromise or settlement  deemed  desirable by the
Bank with respect to, any of the Collateral, but shall be under no obligation to
do so,  and/or the Bank may extend the time of  payment,  arrange for payment in
installments,  or  otherwise  modify  the  terms  of,  or  release  any  of  the
Collateral,  without  thereby  incurring  responsibility  to, or  discharging or
otherwise affecting any liability of, the undersigned.  At any time the Bank may
assign,  transfer and/or deliver to any transferee of any of the Obligations any
or all of the Collateral, and thereafter the Bank shall be fully discharged from
all  responsibility  with respect to the  Collateral  so  assigned,  transferred
and/or delivered. Such transferee shall be vested with all the powers and rights
of the Bank  hereunder,  with  respect  to such  Collateral,  but the Bank shall
retain all rights and powers hereby given with respect to any of the  Collateral
not so assigned, transferred or delivered.

          5. Defaults.

          The  occurrence  of any  one or  more of the  following  events  shall
constitute an event of default by the undersigned under this Agreement:

<PAGE>

          (a) if at any time  the  Bank  shall,  in its  reasonable  discretion,
consider the Collateral or any part thereof unsatisfactory or insufficient,  and
the undersigned shall fail on demand furnish other Collateral or make payment on
account, satisfactory to the Bank;

          (b) if the  undersigned  or any obligor,  maker,  endorser,  acceptor,
surety or  guarantor  of, or any other  party to any of the  Obligations  or the
Collateral (the same, including the undersigned,  being collectively referred to
herein as "Obligors")  shall default in any way under the Obligations (or of any
instruments evidencing the same) or of any terms or conditions of this Agreement
or the Collateral;

          (c) if any warranty,  representation  or statement of fact made herein
or furnished to the Bank at any time by or on behalf of the  undersigned  proves
to have been false in any material respect when made or furnished;

          (d) in the event of loss, theft,  substantial damage or destruction of
any of the  Collateral,  or the making of any levy on,  seizure or attachment of
any of the Collateral;

          (e) if the  undersigned  shall execute or file a certificate  or other
instrument  evidencing  the  legal  change  of name of the  undersigned  without
furnishing the Bank at least ten days' prior written notice thereof;

          (f) in the event any of the Obligors shall be dissolved;

          (g) if any of the Obligors shall be party to a merger or consolidation
where said Obligor is not the surviving entity without the prior written consent
of the Bank;

          (h) if any of the  Obligors  shall  fail  to  maintain  its  corporate
existence in good standing;

          (i) if any  of  the  Obligors  shall  default  in  the  observance  or
performance  of any  term,  covenant  or  agreement  contained  herein or in any
instrument, document or agreement delivered by any of the Obligors to the Bank;

          (j) if any of the  Obligors  shall make or send  notice of an intended
bulk transfer, or fail, after demand, to furnish any financial information or to
permit the inspection of books or records of account;

          (k) The Obligor  makes an  assignment  for the benefit of creditors or
admits in writing its  inability to pay its debts  generally as they become due;
or an order,  judgment or decree is entered adjudicating the Obligor as bankrupt

<PAGE>

or  insolvent;  or any order for relief  with  respect to the Obligor is entered
under the United States  Bankruptcy Code; or the Obligor petitions or applies to
any tribunal for the appointment of a custodian, trustee, receiver or liquidator
of the  Obligor  or of any  substantial  part of the assets of the  Obligor,  or
commences  any  proceeding  relating  to  the  Borrower  under  any  bankruptcy,
reorganization,  arrangement,  insolvency,  readjustment of debt, dissolution or
liquidation  law of any  jurisdiction;  or any such petition or  application  is
filed, or any such  proceeding is commenced,  against the Obligor and either (i)
the Obligor by any act  indicates its approval  thereof,  consents  thereto,  or
acquiesces  therein or (ii) such  petition,  application  or  proceeding  is not
dismissed within sixty (60) days;

          (1) if any of the Obligors shall  voluntarily or otherwise  suspend or
interrupt the transaction of its usual business;

          (m) if any Order is  entered  by any court or  tribunal,  at law or in
equity, by or against any of the Obligors for the appointment of any receiver or
any  trustee for any of the  Obligors  and said Order is not  discharged  within
sixty (60) days from the entry thereof;

          (n) if any governmental authority or any court or other tribunal shall
take possession or  jurisdiction of any substantial  part of the property of, or
assume  control  over the  affairs  or  operations  of, or a  receiver  shall be
appointed  of, any  substantial  part of the property of any of the Obligors and
said action is not discharged within sixty (60) days.

          6. Remedies on Default.

          Upon the occurrence of any one or more of the aforementioned events of
default or at any time  thereafter,  the Bank may,  without  notice to or demand
upon the undersigned,  declare any or all of the Obligations immediately due and
payable and the Bank shall have the following rights and remedies in addition to
all rights and remedies of a secured party under the Uniform  Commercial Code or
other applicable  statute or rule, in any  jurisdiction in which  enforcement is
sought, all such rights and remedies being cumulative and not exclusive:

          (a) Collateral.  The Bank may, at any time and from time to time, with
or without  process of law and with or without the aid and assistance of others,
enter upon any  premises  in which the  Collateral  or any part  thereof  may be
located  and,  without  resistance  or  interference  by the  undersigned,  take
possession  of  the  Collateral;  and/or  dispose  of all  or  any  part  of the
Collateral on any premises of the undersigned; and/or require the undersigned to
assemble and make available to the Bank all or any part of the Collateral at any
place and time designated by the Bank which is reasonably convenient to the Bank

<PAGE>

and the  undersigned;  and/or remove all or any part of the Collateral  from any
premises on which any part  thereof may be located for the purpose of  effecting
preservation or sale or other disposition thereof;  and/or sell, resell,  lease,
assign and deliver,  or otherwise dispose of, the Collateral or any part thereof
in its existing condition or following any commercially  reasonable  preparation
or processing,  at public or private proceedings,  in one or more parcels at the
same or different  times with or without  having the  Collateral at the place of
sale or other  disposition for cash, upon credit or for future delivery,  and in
connection  therewith  the Bank may grant  options,  at such place or places and
time or times and to such persons, firms or corporations as the Bank deems best,
and  without  demand  for  performance  or any  notice or  advertisement  to the
undersigned  of the place and time of any  public  sale or of the place and time
after which any private sale or other  disposition may be made, and/or liquidate
or  dispose of the  Collateral  or any part  thereof  in any other  commercially
reasonable manner.

          If any of the Collateral is sold by the Bank upon credit or for future
delivery,  the Bank shall not be liable  for the  failure  of the  purchaser  to
purchase or pay for the same and, in the event of any such failure, the Bank may
resell such  Collateral.  The undersigned  hereby waives all equity and right of
redemption.  The Bank may buy any part or all of the  Collateral  at any  public
sale and if any part of all of the  Collateral is of a type which is the subject
of widely  distributed  standard  price  quotations  the Bank may buy at private
sale, all free from any equity or right of redemption which is hereby waived and
released  by the  undersigned,  and the  Bank  may  make  payment  therefor  (by
endorsement  without  recourse) in notes of the  undersigned to the order of the
Bank in lieu of cash to the amount then due thereon which the undersigned hereby
agrees to accept.

          The Bank may apply the cash proceeds  actually  received from any sale
or other disposition to the reasonable expenses of retaking,  holding, preparing
for sale, selling, leasing and the like, to reasonable attorney's fees (not less
than 15 percent of the outstanding  Obligations  where permitted by law) if this
Agreement or any of the Obligations is referred to an attorney for  enforcement,
to all  legal  expenses,  court  costs,  collection  charges,  travel  and other
expenses  which  may be  incurred  by the  Bank in  attempting  to  collect  the
Obligations or to enforce this Agreement and realize upon the Collateral,  or in
the  prosecution  or defense of any action or proceeding  related to the subject
matter of this  Agreement;  and then to the  Obligations in such order and as to
principal or interest as the Bank may in its sole discretion determine;  and the
undersigned shall at all times be and remain liable and, after crediting the net
proceeds of sale or other disposition as aforesaid,  will pay the Bank on demand
any  deficiency  remaining,  including  interest  thereon and the balance of any
expenses at any time  unpaid,  with any  surplus to be paid to the  undersigned,
subject to any duty of the Bank imposed by law to the holder of any  subordinate
security interest in the Collateral known to the Bank.

<PAGE>

          (b) Bank deposits,  balances,  etc. The Bank may appropriate,  set off
and  apply  for  the  payment  of any or all of the  Obligations,  any  and  all
balances,  sums,  property,  claims,  credits,  deposits,   accounts,  reserves,
collections,  drafts,  notes, or other items or proceeds of the Collateral in or
coming into the  possession  of the Bank or its agents and belonging or owing to
the undersigned,  without notice to the  undersigned,  and in such manner as the
Bank may in its sole discretion determine.

          (c) Proceeds.  Any of the proceeds of the  Collateral  received by the
undersigned shall not be commingled with other property of the undersigned,  but
shall  be  segregated,  held by the  undersigned  in  trust  for the Bank as the
exclusive property of the Bank, and the undersigned will immediately  deliver to
the Bank the identical checks,  moneys or other proceeds of Collateral received,
and the Bank shall have the right to endorse the name of the  undersigned on any
and all checks, or other forms of remittance received, where such endorsement is
required to effect collection.  The undersigned  hereby designates,  constitutes
and appoints the Bank and any designee or agent of the Bank as  attorney-in-fact
of the undersigned,  irrevocably and with power of substitution,  with authority
to receive, open and dispose of all mail addressed to the undersigned, to notify
the Post Office authorities to change the address for delivery of mail addressed
to the  undersigned,  to such address as the Bank may designate;  to endorse the
name of the undersigned on any notes, acceptances,  checks, drafts, money orders
or other  evidences of payment or proceeds of the Collateral  that may come into
the Bank's  possession;  to sign the name of the  undersigned  on any  invoices,
documents,  drafts  against  account  debtors of the  undersigned,  assignments,
requests for verification of accounts and notices to debtors of the undersigned;
to execute any endorsements,  assignments, or other instruments of conveyance or
transfer;  and to do all other acts and things  necessary  and  advisable in the
sole discretion of the Bank to carry out and enforce this Agreement. All acts of
said  attorney or  designee  shall not be liable for any acts of  commission  or
omission nor for any error of judgment or mistake of fact or law.  This power of
attorney  being  coupled  with  an  interest  is  irrevocable  while  any of the
Obligations shall remain unpaid.

          7. Liability Disclaimer.

          Under no  circumstances  whatsoever shall the Bank be deemed to assume
any  responsibility for or obligation or duty with respect to any part or all of
the Collateral,  of any nature or kind whatsoever,  or any matter or proceedings
arising out of or relating  thereto.  The Bank shall not be required to take any
action  of any kind to  collect  or  protect  any  interest  in the  Collateral,
including  but not  limited  to any  action  necessary  to  preserve  its or the
undersigned's  rights against prior parties to any of the  Collateral.  The Bank
shall not be  liable  or  responsible  in any way for the  safekeeping,  care or
custody of any of the Collateral,  or for any loss or damage thereto, or for any
diminution  in the  value  thereof,  or for any act or  default  of any agent or
bailee of the Bank or the undersigned,  or of any carrier,  forwarding agency or

<PAGE>

other person  whomsoever,  or for the  collection of any proceeds,  but the same
shall be at the  undersigned's  sole risk at all times.  The undersigned  hereby
releases  the Bank from any  claims,  causes of action  and  demands at any time
arising out of or with  respect to this  Agreement or the  Obligations,  and any
actions taken or omitted to be taken by the Bank with respect  thereto,  and the
undersigned agrees to defend and hold the Bank harmless from and with respect to
any and all such claims, causes of action and demands. The Bank's prior recourse
to any part of all of the  Collateral  shall not  constitute  a condition of any
demand for payment of the Obligations or of any suit or other proceeding for the
collection of the Obligations.

          8. Nonwaiver.

          No failure or delay on the part of the Bank in  exercising  any of its
rights and remedies  hereunder or otherwise  shall  constitute a waiver thereof,
and no single or partial  waiver by the Bank of any  default  or other  right or
remedy which it may have shall operate as a waiver of any other  default,  right
or remedy or of the same default, right or remedy on a future occasion.

          9. Waivers by Debtor.

          The  undersigned  hereby  waives  presentment,  notice of dishonor and
protest of all  instruments  included in or evidencing any of the Obligations or
the Collateral and any and all other notices and demands  whatsoever  (except as
expressly  provided herein) whether or not relating to such instruments.  In the
event of any litigation at any time arising with respect to any matter connected
with this Agreement or the Obligations,  the undersigned hereby waives the right
to a trial by jury  and the  undersigned  hereby  waives  any and all  defenses,
rights of setoff and rights to interpose counterclaims of any nature.

          10. Modification.

          No provision hereof shall be modified,  altered or limited except by a
written instrument expressly referring to this Agreement and to the provision so
modified or limited, and executed by the party to be charged.

          11. Authorization.

          The  execution and delivery of this  Agreement has been  authorized by
the Board of Directors of the  undersigned  and by any necessary vote or consent
of stockholders of the undersigned.

<PAGE>

          12. Binding Effect.

          This Agreement and all Obligations of the undersigned  hereunder shall
be  binding  upon the  successors  or  assigns  of the  undersigned,  and shall,
together  with the  rights  and  remedies  of the Bank  hereunder,  inure to the
benefit of the Bank and its successors, endorsees and assigns.

          13. Severability.

          If any term of this Agreement shall be held to be invalid,  illegal or
unenforceable,  the  validity  of all  other  terms  hereof  shall  in no way be
affected thereby.

<PAGE>

          IN WITNESS  WHEREOF,  the  undersigned  has  executed  or caused  this
Agreement to be executed in the State of New York as of April 30, 1998.

                                          LOGIMETRICS, INC.

                                          By:/s/Norman Phipps
                                             __________________________
                                             Norman Phipps
                                             President

          The chief  place of  business,  the  location of the books and records
pertaining to the Collateral and the location of the Collateral of  LogiMetrics,
Inc.  is 50  Orville  Drive,  Bohemia,  New York  11716  and 20  Meridian  Road,
Eatontown, New Jersey 07724.

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