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April 15, 2008
Mr. Xxxxxxx
Xxxxx
Chairman and Chief Executive Officer
Force Protection Industries, Inc.
0000 Xxxxxxx 00
Xxxxxx, Xxxxx Xxxxxxxx 00000
RE: Modification to the Second Amendment to Loan Agreement dated February 15, 2008
Dear Xxxxxxx:
Please allow this letter to confirm the waiver of the following affirmative covenant requirement in the Second Amendment to Loan Agreement dated February 15, 2008:
- "Loan Commitment—Borrower shall provide satisfactory evidence to Bank, by April 18, 2008, of Borrower's asset based lending commitment from a financial institution, which may include Bank."
All other terms and conditions will remain in force.
Please advise if you have any questions or concerns.
Thank you for allowing Wachovia to serve your company's banking needs.
Kindest
Regards,
Wachovia Bank, N.A.
| /s/ XXX X. XXXXXX, III Xxx X. Xxxxxx, III Senior Vice President Senior Relationship Manager Acknowledgements: |
Force Protection, Inc.
| By: | /s/ XXXXXXX XXXXX Xxxxxxx Xxxxx, Chief Executive Officer |
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Force Protection Technologies, Inc. |
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By: |
/s/ XXXXXXX XXXXX Xxxxxxx Xxxxx, Chief Executive Officer |
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Force Protection Industries, Inc. |
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By: |
/s/ XXXXXXX XXXXX Xxxxxxx Xxxxx, Chief Executive Officer |
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