Consent to Extension of Redemption Date for Series A-1 and A-2 Redeemable Preferred Stock between North Atlantic Small Companies Investment Trust PLC and Telos Corporation
North Atlantic Small Companies Investment Trust PLC agrees to extend the redemption date for its Series A-1 and Series A-2 Redeemable Preferred Stock, issued by Telos Corporation, to December 31, 2011. The shares will continue to be governed by the terms of the existing Preferred Stockholders Standby Agreement. This extension is formally acknowledged by both parties and does not alter any other terms of the original agreement.
Exhibit 10.17
North Atlantic Small Companies Investment Trust PLC
c/o North Atlantic Value LLP
James Ryan
Ground Floor, Ryder Court
14 Ryder Street
London SW1Y 6QB
UNITED KINGDOM
Series A-1 and Series A-2 Redeemable Preferred Stock
North Atlantic Small Companies Investment Trust PLC herewith consents to an extension of the redemption date of its 99.25 shares of Series A-l Redeemable Preferred Stock and 138.95 shares of Series A-2 Redeemable Preferred Stock, issued by Telos Corporation, to December 31, 2011. This stock shall remain subject to any and all terms and conditions of the Preferred Stockholders Standby Agreement (integrated hereto by reference), entered into by North Atlantic Small Companies Investment Trust PLC’s predecessor, Hare & Co., on or about January 27, 2003 with Wells Fargo Foothill, Inc. (formerly Foothill Capital Corporation).
AGREED AND ACKNOWLEDGED,
| North Atlantic Small Companies Investment Trust PLC | Telos Corporation | |||
| By: | ||||
| | /s/ Therese K. Hathaway | |||
| Signature(s): | Therese K. Hathaway | |||
| Vice President, Corporate Secretary | ||||
| | ||||
| Name(s): | ||||
| | ||||
| Title: | ||||
| 6/4/2008 | March 13, 2008 | |||
| Date: | ||||
