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Exhibit 10.1

[First Tennessee Logo]
 

 
  May 24, 2006

 
 
 
Mr. Rodney Bell
Forward Air Corporation
P.O. Box1058
Greeneville, TN 37744

Re:   Forward Air Corporation Credit Facility

Dear Rodney:

Concerning the terms of the Loan and Security Agreement date September 10, 1998
,and the Modification Agreement dated June 18, 2002 First Tennessee Bank (“The
Bank”) agrees to the following:

1.
 
The Bank extends the maturity date on the $20,000,000 Master Secured Promissory
Note dated September 10, 1998 (the ”Line of Credit”) to April 30, 2008.

This agreement constitutes a one time modification to the specific items
addressed above. All other terms and agreements of the Loan Documents remain in
full effect and force.
 
 
Sincerely,

/s/  
Steve Mears
   
Steve Mears
Senior Vice President

Accepted as of the 25th day of May, 2006

By: 
/s/  Rodney L. Bell
 
Rodney Bell, Chief Accounting Officer
 
Forward Air Corporation

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