EX-10.64
from 10-K
2 pages
April 15, 2008 Mr. Michael Moody Chairman and Chief Executive Officer Force Protection Industries, Inc. 9801 Highway 78 Ladson, South Carolina 29456 Re: Modification to the Second Amendment to Loan Agreement Dated February 15, 2008 Dear Michael: Please Allow This Letter to Confirm the Waiver of the Following Affirmative Covenant Requirement in the Second Amendment to Loan Agreement Dated February 15, 2008
12/34/56
EX-10
from 10KSB
1 page
Date: June 15, 2001 To: Sheikh Mohammed Al Rashid P.O. Box 5490 Jeddah 21422 Kingdom of Saudi Arabia Subject: Term Sheet of M/S Sonic Jet Performance, Inc. for Sheikh Mohammed Al Rashid Loan $600,000 of Sheikh Mohammed Al Rashid Will Be Converted as Under: 1. Note Payable (Total Cash Borrowed So Far) $600,000 This Loan Will Be Converted at One Share for Every $1.25. 2. Interest on Loans Will Be Calculated @10% Pa Up to December 31, 2000. This Will Be Converted at One Share for Every $1.25. 3. Sheikh Mohammed Al Rashid Will Not Release Ucc 1 Till the Registration of Converted Shares Is Complete and the Equity Fund Amounting to $500,000 Is Received From Investors. Upon the Registration Sonic Jet Performance Will Have the Right to Request the Cancellation of Ucc 1. 4. All the Loan Agreements Between Sheikh Mohammed Al Rashid and Sonic Jet Performance, Inc. Dated November 24, 1999 and After and Not Limited to All Prior Agreements and Amendments Will Be Canceled and Replaced, Which Will Be Superseded by This Term Sheet as Part of This Attachment as Issued by Capitol Investment Group, LLC. All the Promissory Notes Issued With Respect to the Above Loans and Agreements Will Become Void. 5. the Company Is Obligated to Issue 144d Stock Immediately for the Above Settlement. the Company Will Forward Legal Opinion With 144d Stock Attached to It. 144d Stock Issued for This Settlement Will Be Registered for Trading. Without These 144d Stock and Legal Opinion This Agreement Is Null and Void. Agreed by : Sheikh Mohammed Al Rashid : Albert Mardikian : Interim CEO Sonic Jet Performance, Inc. Madhava Rao Mankal : Secretary/CFO Sonic Jet Performance, Inc
12/34/56
