Amendment No. 1 to Ranger Aerospace Corporation Chairman Agreement (March 7, 2000)

Summary

This amendment, effective March 7, 2000, modifies the Chairman Agreement originally dated April 2, 1998, between Ranger Aerospace Corporation, Aircraft Service International Group, Inc., Tioga Capital Corporation, and George Schwartz. The amendment deletes Paragraph 3(c) from the original agreement. All other terms of the original agreement remain unchanged. The amendment is governed by Florida law and includes standard provisions on severability and execution in counterparts.

EX-10.10 5 0005.txt GS AMNDT TO CHAIRMAN AGMT 92700 AMENDMENT NO. 1 TO RANGER AEROSPACE CORPORATION CHAIRMAN AGREEMENT ------------------ THIS AMENDMENT NO. 1 (this "Amendment") to the Ranger Aerospace Corporation --------- Chairman Agreement dated April 2, 1998 (the "Agreement") by and between Ranger --------- Aerospace Corporation, a Delaware corporation (the "Company"), Aircraft Service ------- International Group, Inc., a Delaware corporation ("ASIG"), Tioga Capital ---- Corporation ("Tioga") and George Schwartz ("Chairman") is made by and between ----- -------- the parties to the Agreement as of March 7, 2000. WHEREAS, the Parties desire to amend certain provisions of the Agreement as provided herein; NOW, THEREFORE, in consideration for the mutual promises and agreements set forth herein and other good and valuable consideration, the adequacy of which is hereby confirmed, the parties to this Amendment hereby agree that the Agreement is amended as follows: 1. Paragraph 3(c) of the Agreement is hereby deleted in its entirety. 2. NO OTHER AMENDMENTS. Except as explicitly amended by this Amendment, the Agreement shall remain in full force and effect and unamended. 3. APPLICABLE LAW. This Amendment shall be controlled, construed and governed under the laws of the State of Florida regardless of the fact that one or more parties is now, or may become, residents of another state, and without regard to any conflict of laws. 4. SEVERABILITY. If any paragraph, clause or provision of this Amendment is or becomes illegal, invalid or unenforceable because of present or future laws, rules or regulations of any governmental body, or become unenforceable for any reason, the intention of the Company, ASIG, Tioga and Chairman is that the remaining parts of this Amendment shall not be thereby affected. 5. CAPTIONS. The captions of the various paragraphs are solely for the convenience of the parties hereto and shall not control or affect the meaning or construction of this Amendment. 6. COUNTERPARTS. This Amendment may be executed in one or more counterparts, each of which shall constitute an original but all of which together shall constitute one and the same instrument. IN WITNESS WHEREOF, the parties hereto have executed and sealed this Amendment No. 1 to Chairman Agreement the day and year first above written. RANGER AEROSPACE CORPORATION By: __________________________________ Stephen D. Townes, President & CEO AIRCRAFT SERVICES INTERNATIONAL GROUP, INC. By: ___________________________________ Stephen D. Townes, President & CEO TIOGA CAPITAL CORPORATION By: ___________________________________ George Schwartz, President _______________________________________ GEORGE SCHWARTZ