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)221-5779Protective Products of America, Inc. • April 10th, 2009 • Orthopedic, prosthetic & surgical appliances & supplies
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”)
SECOND AMENDING AGREEMENT TO THE CERAMIC PROTECTION CORPORATION CREDIT AGREEMENT DATED SEPTEMBER 21, 2004 THIS SECOND AMENDING AGREEMENT is made effective as of March 8, 2007,Second Amending Agreement • April 10th, 2009 • Protective Products of America, Inc. • Orthopedic, prosthetic & surgical appliances & supplies
PROTECTIVE PRODUCTS OF AMERICA, INC. as Borrower - and - CANADIAN IMPERIAL BANK OF COMMERCE as Lender, Sole Lead Arranger, Underwriter, Administrative Agent and Bookrunner - and – THOSE OTHER FINANCIAL INSTITUTIONS WHICH HEREAFTER BECOME LENDERS...Credit Agreement • April 10th, 2009 • Protective Products of America, Inc. • Orthopedic, prosthetic & surgical appliances & supplies • Alberta
The Borrower has requested and the Lenders have agreed to establish a senior secured revolving loan facility, all on the terms and conditions herein set forth, and CIBC has agreed to act as Agent for the Lenders under such facilities, all on the terms and conditions and for the purposes set out in this Agreement.
LEASE AGREEMENT between N/S SAWGRASS OFFICE ASSOCIATES, LLC a Delaware limited liability company and CERAMIC PROTECTION CORPORATION a Canadian corporation Dated: April 12, 2007 Sawgrass Technology Park 1655 NW 136th Avenue, Building M Sunrise, Florida...Lease Agreement • April 10th, 2009 • Protective Products of America, Inc. • Orthopedic, prosthetic & surgical appliances & supplies • Florida
THIS LEASE AGREEMENT (hereinafter referred to as the “Lease”) is made, entered into and effective this 12th day of April, 2007 (the “Effective Date”) by and between N/S SAWGRASS OFFICE ASSOCIATES, LLC, a Delaware limited liability company (hereinafter referred to as “Landlord”) and CERAMIC PROTECTION CORPORATION, a Canadian corporation qualified to do business in the State of Florida (hereinafter referred to as “Tenant”).
9th Floor Bunkers Hall East 855-2nd Street SW Calgary, AB, T2P2P2Protective Products of America, Inc. • April 10th, 2009 • Orthopedic, prosthetic & surgical appliances & supplies
Re: Credit Agreement dated September 21, 2004 between Ceramic Protection Corporation (now Protective Products of America, Inc., 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, the extension of deliveries letter dated August 8,2008 the extension of deliveries letter dated August 15, 2008 and the extension of deliveries letter dated August 25, 2008 (as amended, the “Credit Agreement”).
LEASE AGREEMENTLease Agreement • April 10th, 2009 • Protective Products of America, Inc. • Orthopedic, prosthetic & surgical appliances & supplies
This LEASE AGREEMENT (this “Lease”) is entered into as of the day of January, 2004, by ALBRICAS, LLC, a Florida limited liability company (“Landlord”) and PROTECTIVE PRODUCTS INTERNATIONAL CORP., a Florida corporation (“Tenant”) to evidence that:
RESIDENTIAL LEASE AGREEMENTResidential Lease Agreement • April 10th, 2009 • Protective Products of America, Inc. • Orthopedic, prosthetic & surgical appliances & supplies
THIS RESIDENTIAL LEASE AGREEMENT (“Lease”) is made and entered into as of the 1 day of January, 2007, by and between Armor World LLC, a Florida limited liability company, hereinafter referred to as “Lessor”, and PROTECTIVE PRODUCTS INTERNATIONAL, INC., hereinafter referred to as “Lessee”. [7115 Spyglass Ave. Parkland, FL 33076]
SEVENTH AMENDING AGREEMENT TO THE CERAMIC PROTECTION CORPORATION CREDIT AGREEMENT DATED SEPTEMBER 21, 2004Seventh Amending Agreement • April 10th, 2009 • Protective Products of America, Inc. • Orthopedic, prosthetic & surgical appliances & supplies
9th Floor, 855 – 2nd Street SW Calgary, Alberta T2P 2P2Protective Products of America, Inc. • April 10th, 2009 • Orthopedic, prosthetic & surgical appliances & supplies
Ceramic Protection Corporation Attention: Steve Giordanella, Chief Executive Officer 590 Sawgrass Corporate Parkway Sunrise, Florida 33325
THIRD AMENDING AGREEMENT TO THE CERAMIC PROTECTION CORPORATION CREDIT AGREEMENT DATED SEPTEMBER 21, 2004Third Amending Agreement • April 10th, 2009 • Protective Products of America, Inc. • Orthopedic, prosthetic & surgical appliances & supplies
FIRST AMENDMENT TO LEASE AGREEMENTLease Agreement • April 10th, 2009 • Protective Products of America, Inc. • Orthopedic, prosthetic & surgical appliances & supplies • Florida
THIS FIRST AMENDMENT TO LEASE AGREEMENT (this “FIRST Amendment”) dated and effective as of this 29th day of November, 2007 (the “Effective Date”) amends that certain Lease Agreement dated April 12, 2007, (the “Lease”), between N/S SAWGRASS OFFICE ASSOCIATES, LLC, a Delaware limited liability company is (“Landlord’) and CERAMIC PROTECTION CORPORATION, a Canadian corporation (“Tenant”).
FORBEARANCE AGREEMENTAgreement • April 10th, 2009 • Protective Products of America, Inc. • Orthopedic, prosthetic & surgical appliances & supplies • Alberta
FOURTH AMENDING AGREEMENT TO THE CERAMIC PROTECTION CORPORATION CREDIT AGREEMENT DATED SEPTEMBER 21, 2004Fourth Amending Agreement • April 10th, 2009 • Protective Products of America, Inc. • Orthopedic, prosthetic & surgical appliances & supplies
CERAMIC PROTECTION CORPORATION as Borrower - and - CANADIAN IMPERIAL BANK OF COMMERCE as Lender, Sole Lead Arranger, Underwriter, Administrative Agent and Bookrunner - and - THOSE OTHER FINANCIAL INSTITUTIONS WHICH HEREAFTER BECOME LENDERS UNDER THIS...Credit Agreement • April 10th, 2009 • Protective Products of America, Inc. • Orthopedic, prosthetic & surgical appliances & supplies • Alberta
The Borrower has requested and the Lenders have agreed to establish a senior secured extendible, revolving facility and a non-revolving term facility, all on the terms and conditions herein set forth, and CIBC has agreed to act as Agent for the Lenders under such facilities, all on the terms and conditions and for the purposes set out in this Agreement.
