Form of Fourth Waiver and Modification Agreement Sample Contracts

FORM OF FOURTH WAIVER AND MODIFICATION AGREEMENT
Form of Fourth Waiver and Modification Agreement • April 25th, 2007 • Blastgard International Inc • Miscellaneous chemical products • New York

This FOURTH WAIVER AND MODIFICATION AGREEMENT is made and entered into as of March 20, 2007, by and between BLASTGARD INTERNATIONAL, INC., a Colorado corporation (the “Company”), and the holders identified on the signature page hereto (each a “Holder” and collectively the “Holders”). Capitalized terms used but not defined herein will have the meanings assigned to them in the Subscription Agreement (as defined below).

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