**Exhibit 10.3**

 

**Aerospace/Defense, Inc.**

**4838 Jenkins Avenue**

**North Charleston, SC 29405**

**Telephone: (843) 744-5174**

**Facsimile: (843) 747-4092**

**E-mail:garfinklej@intertechsc.com**

 

August 26, 2008

 

John F. Wall, III,Esquire

Vice President, LegalAffairs

Force Protection Industries, Inc.

9601 Highway 78

Ladson, SC  29456

 

Re:                               Amendment to each of the following Leases between Aerospace/Defense, Inc.(the “Landlord”) and Force Protection Industries, Inc. and ForceProtection, Inc. (collectively, the “Tenant”) (covering variousbuildings/sites located at the Landlord’s industrial development situated inLadson (Charleston County) South Carolina — extending the Initial Term from March 31,2009 to June 30, 2009:

 

1.                                       Fourth Amended and Restated Industrial Lease(covering certain premises 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 byFirst 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 toLease effective as of November 1, 2007;

4.                                       Industrial Lease dated September 2, 2003(covering Building No. 3) last amended by Second Amendment to Lease effectiveas of July 1, 2007; and

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

 

(collectively, the “Leases” and individuallya “Lease”).

 

Dear Mr. Wall:

 

Pursuant to Section 27Kof the Leases (referencing amending each Lease), this letter, when signed by anauthorized representative of each Tenant, shall serve as an amendment (the “ThirdExtension Amendment”) to each of the Leases referenced above (as last amendedby Second Extension Amendment dated June 2, 2008).

 

The Initial Term (asthat term is defined in each such Lease) is hereby extended to and will expireon June 30, 2009.

 

For clarification andavoidance of doubt, Section 2 of each Lease (with respect to extending theterms of each Lease) provides in part that the Tenant may extend its option torenew by notice in

 

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writing to the Landlordserved at least six (6) months and not more than twelve (12) months priorto the end of the Initial Term or the then-current Option Period, as the casemay be. Therefore, in order for the Tenant to exercise its option to extend theInitial Term of each Lease (should the Tenant so desire to exercise suchright(s)) due to expire on June 30, 2009, as provided for in this ThirdExtension Amendment, the Tenant must serve a notice in writing upon theLandlord no later than December 31, 2008.

 

If this Third ExtensionAmendment or the signature page, as executed, is transmitted by one party tothe other by facsimile transmission or electronic “pdf” transmission, suchtransmission shall be deemed an executed original of this Third ExtensionAmendment and of such signature.

 

Except as modified by thisThird Extension Amendment, the Leases remain unchanged.

 

If the Tenants agree to theterms and provisions of this Third Extension Amendment, please have anauthorized representative of each Tenant sign below and thereafter either faxor pdf to me the original hereof.

 

Aerospace/Defense, Inc.

 

 
| By:    |  /s/ M. Jerry Garfinkle |   |
|--------|------------------------------|--------|
|   | M. Jerry Garfinkle           |
| Its:   | Senior Vice President        |
|        |                              |        |  |

 

 

**We agree to the aboveThird Extension Amendment:**

 
| Force Protection  Industries, Inc. |               | Force  Protection, Inc. |   |
|-----------------------------------------|--------------------|------------------------------|--------|
|                                    |               |                         |   |
|                                    |               |                         |   |   |
| By:                                     |  /s/ M. Moody |                         | By:    |  /s/ M. Moody |
|                                    |               |                         |   |   |
| Its:                                    | CEO                |                         | Its:   | CEO |
|                                    |               |                         |   |   |
| Date:                                   |  8/27/08      |                         | Date:  | 8/27/08 |
|                                         |                    |                              |        |  |  |  |  |  |  |

 

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