Amendment to Letter of Understanding Between Lydall, Inc. And Bertrand Ploquin (January 16th, 2007)
This amendment (the Amendment) amends the Letter of Understanding by and between Lydall, Inc. and Bertrand Ploquin dated July 26, 2005 (the Letter Agreement), effective as set forth below. This Amendment is made in consideration of the mutual agreements and promises hereinafter set forth and for other good and valuable consideration.
For Purposes of This Letter of Understanding, the Global Automotive Business Is Referenced as Group. (August 4th, 2005)
Note: The Following Is an English Translated Version of the Original Agreement Which Was Executed in German. (April 22nd, 2005)
In the letter of 12/22/2004, we sent you the leasing agreement documents for the above-mentioned object leased. Furthermore, the method of proceeding after expiration of the calculated running time of 84 months is to be determined.