0001193125-06-168635 Sample Contracts

SECOND MODIFICATION AND WAIVER AGREEMENT
Modification and Waiver Agreement • August 10th, 2006 • Blastgard International Inc • Miscellaneous chemical products

This Second Modification and Waiver Agreement (“Agreement”) dated as of July 20, 2006 is entered into by and between BlastGard International, Inc., a Colorado corporation (the “Company”) and Argyll Equities, LLC (“Argyll” or the “Warrant Holder”).

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SECOND MODIFICATION AND WAIVER AGREEMENT
Modification and Waiver Agreement • August 10th, 2006 • Blastgard International Inc • Miscellaneous chemical products

This Second Modification and Waiver Agreement (“Agreement”) dated as of July 20, 2006 is entered into by and among BlastGard International, Inc., a Colorado corporation (the “Company”) and Mathew Sullivan (“Sullivan”), Jamie Mitchell (“Mitchell”), Revan R. Schwartz (‘Schwartz”), Andrew G. Sycoff (“Sycoff”) and Joel Gold (“Gold”), each a “Warrant Holder” and collectively the “Warrant Holders” or the “Parties”.

FIRST MODIFICATION AND WAIVER AGREEMENT
Modification and Waiver Agreement • August 10th, 2006 • Blastgard International Inc • Miscellaneous chemical products

This First Modification and Waiver Agreement (“Agreement”) dated as of July 20, 2006 is entered into by and among BlastGard International, Inc., a Colorado corporation (the “Company”) and the subscribers identified on the signature page hereto (each a “Subscriber” and collectively “Subscribers” or the “Parties”).

THIRD MODIFICATION AND WAIVER AGREEMENT
Modification and Waiver Agreement • August 10th, 2006 • Blastgard International Inc • Miscellaneous chemical products

This Third Modification and Waiver Agreement (“Agreement”) dated as of July 20, 2006 is entered into by and among BlastGard International, Inc., a Colorado corporation (the “Company”) and the subscribers identified on the signature page hereto (each a “Subscriber” and collectively “Subscribers” or the “Parties”).

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