Modification Agreement to Loan Agreement between SRA International, Inc., Systems Research and Applications Corporation, SRA Technical Services Center, Inc., and SunTrust Bank
This agreement modifies a previous loan agreement dated August 15, 2001, between SRA International, Inc., its affiliates, and SunTrust Bank. The modification extends the loan's termination date to February 29, 2004, and waives a specific section to permit SRA International's planned acquisition of Orion Scientific Systems. The parties involved are SRA International, its related entities, and SunTrust Bank. The changes are effective as of December 24, 2003.
Exhibit 10.1
December 24, 2003
Mr. C. Wayne Grubbs
Vice President
Corporate Controller & Treasurer
SRA International, Inc.
Fairfax, VA 22033
Dear Mr. Grubbs:
This letter will acknowledge our agreement to modify the Loan Agreement dated August 15, 2001, between SRA International, Inc. (the Company), Systems Research and Applications Corporation (SRA) and SRA Technical Services Center, Inc. (STSC) and SunTrust Bank (the Lender), as outlined below:
| 1. | Extend the Termination Date to February 29, 2004, as allowed in Section 2.1(f). |
| 2. | Waive Section 6.9 to allow for the Company’s planned acquisition of Orion Scientific Systems. |
Should you have any questions about this modification, please call me at your earliest convenience.
Sincerely,
| /s/ Duncan S. Owen, III |
| Duncan S. Owen, III |
