Exhibit 10.1

 

Force Protection, Inc.
Force Protection Industries, Inc.
9601 Highway 78
Ladson, SC 29456

 

December 22, 2008

 

Mr. M. Jerry Garpike
Senior Vice President
Aerospace/Defense, Inc.
4838 Jenkins Avenue
North Charleston, SC  29405

 

Re:                               Notice to Renew each of the following Leases
between Aerospace/Defense, Inc. (the “Landlord”) and Force Protection
Industries, Inc. and Force Protection, Inc. (collectively, the “Tenant”)
covering various buildings/sites located at the Landlord’s industrial
development situated in Ladson (Charleston County) South Carolina - - extending
the Term from June 30, 2009 through June 30, 2014:

 

1.                                       Fourth Amended and Restated Industrial
Lease (covering certain industrial areas within Building No. 1) effective as of
July 1, 2007;

 

2.                                       Office Lease dated June 1, 2005
(covering a portion of the Office Area in Building No. 1) last amended by First
Amendment to Office Lease effective as of July 1, 2007;

 

3.                                       Industrial Lease dated July 13, 2004
(covering a portion of Building No. 2) last amended by Fourth Amendment to Lease
effective as of November 1, 2007; and

 

4.                                       Ground Lease dated February 1, 2007
(covering the Ground Lease on which Building No. 6 has been built) last amended
by First Amendment to Ground Lease effective as of July 1, 2007.

 

(collectively, the “Leases” and individually a “Lease”).

 

Dear Mr. Garfinkle:

 

Pursuant to Section 2C of each of the four above-referenced Leases (the
applicable section in Lease No. 3 covering Building No. 2 is “Section 2(c)”),
this letter will serve as written notice of Tenant’s desire to extend the Term
of all four Leases for the first Option Period of five (5) years expiring on
June 30, 2014.(1)

 

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(1) For clarification and avoidance of doubt, the Tenant does not desire to
extend that certain Industrial Lease between the Landlord and the Tenant dated
September 2, 2003 (covering Building No. 3), which Industrial Lease shall expire
on June 30, 2009 according to the terms and provisions thereof.

 

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If this Notice to Renew or the signature page, as executed, is transmitted by
one party to the other by facsimile transmission or electronic pdf transmission,
such transmission shall be deemed an executed original of this Notice to Renew
and of such signature.

 

Kindly acknowledge receipt of this Notice to Renew by having an authorized
representative of the Landlord sign below, and thereafter, fax or pdf to me such
executed acknowledgement.

 

Force Protection Industries Inc.

 

Force Protection, Inc.

 

 

 

By:

/s/ Lenna Ruth Macdonald

 

By:

/s/ Michael Moody

 

 

 

Its:

Chief Strategy Officer, General

 

Its:

President & Chief Executive Officer

 

Counsel and Corporate Secretary

 

 

 

 

The undersigned hereby acknowledges receipt of the above Notice to Renew.

 

Aerospace/Defense, Inc.

 

By:

/s/ M. Jerry Garfinkle

 

 

      M. Jerry Garfinkle

 

 

 

 

 

 

Its:

Senior Vice President

 

 

2

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