28 July 2008
Coach Capital, LLC
c/o Corporate House
Suite 320, 1100 Melville Street
Vancouver, BC V6E 4A6
CANADA
Re: Confirmation of September 2007 Assignment
Ladies and Gentlemen:
As you know, Fortified Holdings Corp. (“Fortified”) and Coach Capital LLC (“Coach”) entered into a certain Assignment and Release, dated September 2007 (the “Assignment and Release”), under which certain Promissory Notes made payable by Aegis Industries, Inc. to Fortified were assigned to Coach in satisfaction of other Promissory Notes made payable by Fortified to Coach.
Fortified’s auditors have requested third-party confirmation that the foregoing Assignment and Release was consummated and is fully effective. We would appreciate if you would sign and return the enclosed copy of this letter, confirming that the Assignment and Release was consummated and was in effect in accordance with its terms as of June 30, 2008.
Thank you for your consideration.
Yours truly,
/s/ Kirk Hanson
Kirk Hanson
Chief Financial Officer
Confirmed as above:
COACH CAPITAL, LLC
| By: | /s/ Michael Laidlaw | ||
| Name: | Michael Laidlaw | ||
| Title: | Secretary | ||
| Fortified Holdings Corp. | 125 Elm Street, New Canaan CT 06840 U.S.A | T: (203) 594-1686 |
| www.fortifiedholdings.com | F: (203) 549-0816 |