May 24, 2006
Exhibit
10.1
[First
Tennessee Logo]
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May
24, 2006
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Mr.
Xxxxxx Xxxx
Forward
Air Corporation
P.O.
Box1058
Greeneville,
TN 37744
Re:
Forward Air Corporation Credit Facility
Dear
Xxxxxx:
Concerning
the terms of the Loan and Security Agreement date September 10, 1998 ,and the
Modification Agreement dated June 18, 2002 First Tennessee Bank (“The Bank”)
agrees to the following:
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1.
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The
Bank extends the maturity date on the $20,000,000 Master Secured
Promissory Note dated September 10, 1998 (the ”Line of Credit”) to April
30, 2008.
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This
agreement constitutes a one time modification to the specific items addressed
above. All other terms and agreements of the Loan Documents remain in full
effect and force.
Sincerely,
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/s/
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Xxxxx
Xxxxx
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Xxxxx
Xxxxx
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Senior
Vice President
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Accepted
as of the 25th
day of
May,
2006
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By:
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/s/
Xxxxxx
X. Xxxx
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Xxxxxx
Xxxx, Chief Accounting Officer
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Forward
Air Corporation
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