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Exhibit 10.1
[First Tennessee Logo]
May 24, 2006 |
Mr. Rodney Bell
Forward Air Corporation
P.O. Box1058
Greeneville, TN 37744
Re: Forward Air Corporation Credit Facility
Dear Rodney:
Concerning the terms of the Loan and Security Agreement date September 10, 1998 ,and the Modification Agreement dated June 18, 2002 First Tennessee Bank (“The Bank”) agrees to the following:
1. | The Bank extends the maturity date on the $20,000,000 Master Secured Promissory Note dated September 10, 1998 (the ”Line of Credit”) to April 30, 2008. |
This agreement constitutes a one time modification to the specific items addressed above. All other terms and agreements of the Loan Documents remain in full effect and force.
Sincerely,
/s/ | Steve Mears |
Steve Mears | |
Senior Vice President |
Accepted as of the 25th day of May, 2006
By: | /s/ Rodney L. Bell | |
Rodney Bell, Chief Accounting Officer | ||
Forward Air Corporation |