MODIFICATION AND ASSIGNMENT AGREEMENTModification and Assignment Agreement • February 17th, 2006 • Force Protection Inc • Miscellaneous transportation equipment
This Modification and Assignment Agreement (“Agreement”) dated as of February 13, 2006 is entered into by and among Force Protection, Inc., a Nevada corporation (the “Company”) and the subscribers identified on Schedule A attached hereto (each a “Subscriber” and collectively “Subscribers”).
SECURED NOTESecured Note • February 17th, 2006 • Force Protection Inc • Miscellaneous transportation equipment • New York
FOR VALUE RECEIVED, FORCE PROTECTION, INC., (hereinafter called “Borrower”), hereby promises to pay to FORT ASHFORD FUNDS, LLC, 19200 Von Karman, Suite 600, Irvine, CA 92612, Fax: (949) 315-3800 (the “Holder”) or order, without demand, the sum of Two Million Five Hundred Thousand Dollars ($2,500,000), with simple interest, on March 20, 2006 (the “Maturity Date”).
