Dated March 6, 2007 To Master Equipment Lease Agreement Dated as of March 6, 2007

Equipment Lease Agreement

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This Equipment Lease Agreement involves

ADVANCED PHOTONIX, INC | FIFTH THIRD LEASING COMPANY

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Title: Dated March 6, 2007 To Master Equipment Lease Agreement Dated as of March 6, 2007
Date: 3/9/2007
Industry: SEMICO Sector: TECHNO

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Lessor shall have received each of the following documents, in form and substance satisfactory to Lessor: (A) a Final Equipment Schedule duly executed by Lessee; (B) an Acceptance Certificate for each “Item of Equipment” (as defined in such Final Equipment Schedule) (which shall include all Equipment for which Progress Payments have been made hereunder) duly executed by Lessee; (C) each of the other documents required by Section 7(a) of the Master Lease

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