Original date of execution: September 24, 2001 Date of amendment and restatement: ____ __, 2002 $25,000,000.00 New York, New YorkDHB Industries Inc • July 12th, 2002 • Orthopedic, prosthetic & surgical appliances & supplies
FOR VALUE RECEIVED, PROTECTIVE APPAREL CORPORATION OF AMERICA, POINT BLANK BODY ARMOR, INC. and NDL PRODUCTS, INC. (each a "Borrower" and collectively, the "Borrowers") jointly and severally promise to pay to the order of LASALLE BUSINESS CREDIT, INC. (the "Lender"), at its offices located at 135 South LaSalle Street, Chicago, Illinois 60603, the principal sum of Twenty-Five Million and No/100 Dollars ($25,000,000.00) on the Maturity Date, which shall mean the last day of the Original Term, or the applicable Renewal Term, in the event that the Loan Agreement (as defined below) is renewed, as the case may be, or so much of such principal sum as shall be outstanding and unpaid on the Maturity Date, all as more fully set forth in the Loan and Security Agreement, dated as of September 24, 2001 (as the same may be amended, modified, supplemented or restated from time to time, the "Loan Agreement"), by and among each of the Borrowers, DHB Industries, Inc., as Guarantor, the DHB Subsidiaries
ContractFirst Amendment and Waiver • July 12th, 2002 • DHB Industries Inc • Orthopedic, prosthetic & surgical appliances & supplies • New York
FIRST AMENDMENT AND WAIVER (this "Amendment"), dated as of June 28, 2002, to LOAN AND SECURITY AGREEMENT, dated as of September 24, 2001 (as amended, modified or supplemented from time to time, the "Loan Agreement"), by and among LASALLE BUSINESS CREDIT, INC., a Delaware corporation ("LaSalle"), and PROTECTIVE APPAREL CORPORATION OF AMERICA, a New York corporation ("PACA"), POINT BLANK BODY ARMOR, INC., a Delaware corporation ("Point Blank"), and NDL PRODUCTS, INC., a Florida corporation ("NDL", and with PACA and Point Blank, collectively, the "Borrowers" and each, a "Borrower"), and DHB INDUSTRIES, INC., a Delaware corporation (f/k/a DHB Capital Group, Inc., the "Parent"). Terms which are capitalized in this Amendment and not otherwise defined shall have the meanings ascribed to such terms in the Loan Agreement.
