Exhibit 10.1
AMENDMENT NO. 2
TO
EMPLOYMENT AGREEMENT
This Amendment No. 2 (this
“ Amendment No. 2 ”) dated as of
September 21, 2009, amends that certain Employment Agreement
(the “ Agreement ”) entered into as of
March 19, 2008, by and between Force Protection, Inc., a
Nevada corporation (the “ Company ”), and
Michael Moody (the “Executive”), as amended by
Amendment No. 1 to Employment Agreement entered into as of
December 23, 2008.
WHEREAS, in order to clarify the range of and eligibility
for the Executive’s annual cash bonus, the Company and the
Executive desire to enter into this Amendment No. 2 to amend
certain provisions of the Agreement in accordance with
Section 17 of the Agreement.
NOW, THEREFORE,
for and in consideration of the
promises and the mutual covenants and agreements in the Agreement
and herein, the Company and the Executive hereby agree as
follows:
1.
Capitalized Terms . Capitalized terms that are
not defined in this Amendment No. 2 shall have the meanings
ascribed thereto in the Agreement.
2.
Amending Provisions .
Section 2(b)(ii) of the Agreement is deleted in its
entirety and replaced with the following language:
“(ii) Annual
Bonus . During the Employment Period, the Executive shall
be eligible to receive an annual cash bonus (“ Annual
Bonus” ) as approved by the Board or the
Compensa
