Waiver of Certain Financial Covenants Sample Contracts

THE CIT GROUP/ BUSINESS CREDIT, INC. 300 South Grand Avenue, Third Floor Los Angeles, California 90071 Dated as of April 9, 2003

Waiver of Certain Financial Covenants • April 15th, 2003 • Simula Inc • Public bldg & related furniture

• Contract Type
  Waiver of Certain Financial Covenants
• Filed
  April 15th, 2003
• Company
  Simula Inc
• Industry
  Public bldg & related furniture

Reference is made to the Financing Agreement between The CIT Group/Business Credit, Inc. as lender thereunder (“CITBC”), and Simula, Inc. and its subsidiaries, as borrowers thereunder (collectively, the “Companies”), dated as of December 31, 1999, as the same may be amended from time to time (the “Financing Agreement”). Initially capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Financing Agreement.