Craig Werbicki, Senior Manager Diversified Group 9th Floor Bankers Hall East 855 – 2nd Street S.W. Calgary, Alberta.T2P 2P2 August 15, 2008 Telephone: (403)221-5355 Facsimile: (403)221-5779
Exhibit 10.1.11
Xxxxx Xxxxxxxx, Senior Manager Diversified Group 0xx Xxxxx Xxxxxxx Xxxx Xxxx 855 – 0xx Xxxxxx X.X. Xxxxxxx, Xxxxxxx.X0X 0X0 |
||
August 15, 2008 |
||
Telephone: (000)000-0000 Facsimile: (000)000-0000 |
Ceramic
Protection Corporation
000 Xxxxxxxx Xxxxxxxxx Xxxxxxx
Xxxxxxx, XX, XXX
00000
000 Xxxxxxxx Xxxxxxxxx Xxxxxxx
Xxxxxxx, XX, XXX
00000
Re: | Credit Agreement dated September 21, 2004 between Ceramic Protection Corporation (the “Borrower”) and Canadian Imperial Bank of Commerce (“CIBC”), as amended by the First Amending Agreement dated May 25, 2006, the Second Amending Agreement dated March 8, 2007, the Third Amending Agreement dated September 12, 2007, the Fourth Amending Agreement dated November 14, 2007, the Fifth Amending Agreement dated January 4, 2008, the Sixth Amending Agreement dated April 11, 2008, the Seventh Amending Agreement dated June 30, 2008, the extension of deliveries letter dated July 16, 2008, the Eighth Amending Agreement dated July 31, 2008 and the extension of deliveries letter dated August 8, 2008 (as amended, the “Credit Agreement”) |
Dear Sirs:
CIBC, as Agent under the Credit Agreement, hereby offers to the Borrower to extend certain
deliveries as required in Section 16 of the Credit Agreement. In furtherance of the foregoing, the
Credit Agreement will be amended by deleting reference to the date “August 15, 2008” in Section
16.1(s) and replacing with “August 22, 2008”.
Kindly provide your acceptance of this offer by signing this letter where indicated and either
faxing or emailing us a signed copy at your earliest convenience, but in any event no later than
the close of business on August 18, 2008.
If you require further information, please do not hesitate to contact the writer.
Regards,
Regards,
CANADIAN IMPERIAL BANK OF COMMERCE, as Agent
/s/ Xxxxx Xxxxxxxx | ||||
Xxxxx Xxxxxxxx | ||||
Authorized Signatory |
Accepted effective the 15th day of August, 2008
CERAMIC PROTECTION
CORPORATION
CORPORATION
Per:
|
/s/ Xxxxxxx Xxxxxxxxxxx | |||
Name:
|
Xxxxxxx Xxxxxxxxxxx | |||
Title:
|
Chief Executive Officer |
Per:
|
/s/ Xxxxx Xxxxxxx | |||
Name:
|
Xxxxx Xxxxxxx | |||
Title:
|
Chairman of the Board |
Acknowledged and consented to effective the 15th
day of August, 2008
CERAMIC PROTECTION | CPC HOLDING CORPORATION OF | |||||||
CORPORATION OF AMERICA | AMERICA | |||||||
Per:
|
/s/ Xxxxxxx Xxxxxxxxxxx | Per: | /s/ Xxxxxxx Xxxxxxxxxxx | |||||
Name:
|
Xxxxxxx Xxxxxxxxxxx | Name: | Xxxxxxx Xxxxxxxxxxx | |||||
Title:
|
Chief Executive Officer | Title: | Chief Executive Officer | |||||
Per:
|
/s/ Xxxxx Xxxxxxx | Per: | /s/ Xxxxx Xxxxxxx | |||||
Name:
|
Name: | |||||||
Title:
|
Title: |
PROTECTIVE PRODUCTS
INTERNATIONAL CORP.
INTERNATIONAL CORP.
Per:
|
/s/ Xxxxxxx Xxxxxxxxxxx | |||
Name:
|
Xxxxxxx Xxxxxxxxxxx | |||
Title:
|
Chief Executive Officer | |||
Per:
|
/s/ Xxxxx Xxxxxxx | |||
Name:
|
||||
Title:
|