Letter of Modification of Obligation



 Exhibit 10.72 
  
 January 22, 2004 
  
 Mr. Charles R. Tutterow 
 Executive Vice President 
 JPS Industries, Inc. 
 555 North Pleasantburg Drive 
 Suite 202 
 Greenville, SC 29607 
  

	RE:	Promissory Note from JPS Industries, Inc. (“Borrower”) to Wachovia Bank, National Association (“Bank”) and further guaranteed by JPS Converter
and Industrial Corp. (“Guarantor A”) and JPS Elastomerics Corp. (“Guarantor B”) (Guarantor A and Guarantor B, together, “Guarantors”) in the original principal amount of $35,000,000.00 as
modified from time to time dated May 9, 2001, including any amendments (the “Note”) 

  
 Obligor # 4794862899 / Obligation # 1331016 
  
 Dear Chuck: 
  
 Bank, Borrower and Guarantors agree to extend the maturity of the Note on the terms and conditions set forth in this letter agreement. 
  
 Extension. Borrower and Guarantors acknowledge that the Note will mature on April 30, 2004. Borrower and Bank agree that the maturity
of the Note shall be extended, on the same terms and conditions as presently in effect, to November 1, 2004, at which time the outstanding principal balance, accrued interest and all other amounts under the Note shall become due and payable. All
periodic payments required under the Note shall be made during this extension period. 
  
 Affirmations of Borrower. Borrower affirms and represents that the most recent Commercial Loan Invoice received by Borrower with respect to the Obligations (as defined in the Note) is correct, that the Note, as modified hereby, and
other Loan Documents as previously modified (as defined in the Note) are in full force and effect, that Borrower has no defense to payment or performance of the Obligations, that no setoffs against the Obligations exist, and that Borrower has no
counterclaims against Bank. Borrower ratifies and confirms all provisions of the Note and other Loan Documents and affirms that the maturity date is the only provision of the Loan Documents that are being modified by this letter. 

 
 Please indicate your agreement with the terms, affirmations and representations of this
letter agreement by signing it as provided below and returning it to the undersigned within 10 days of the date hereof. This Agreement may be signed in counterparts. Should you have any questions, do not hesitate to call. 
  










			
	Very truly yours,
	
	Wachovia Bank, National Association
		
	By:	 	 /s/ James K Baumgardner

	 	 	

	 	 	 James K. Baumgardner

	 	 	 Senior Vice President



  
 Borrower agrees to the terms of
the above letter agreement this 22nd day of January, 2004 and certifies that this Agreement was executed in the State of South Carolina
                                        
             and delivered to Wachovia in the State of South Carolina 
  
 Borrower: 
  

			
	 JPS Industries, Inc.

		
	By:	 	 /s/ Charles R. Tutterow

	 	 	

	 Its:
	 	 Executive VP & CFO

	 Date:
	 	 1/22/04


  
 Guarantors: 
  

			
	JPS Converter and Industrial Corp.
		
	By:	 	 /s/ Charles R. Tutterow

	 	 	

	 Its:
	 	 Secretary

	 Date:
	 	 1/22/04


  

			
	JPS Elastomerics Corp.
		
	By:	 	 /s/ Charles R. Tutterow

	 	 	

	 Its:
	 	 Secretary

	 Date:
	 	 1/22/04