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)


 






(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.


 

















 


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

  	
   

  
				



 


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