Affirmation and Update of Liquidity Agreement and Executive Stock Agreement between Ranger Aerospace Corporation and George W. Watts
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Summary
This letter agreement, dated August 31, 2000, is between Ranger Aerospace Corporation and George W. Watts. It confirms that the previous Liquidity Agreement/Right to Put Certain Shares of Executive Stock, referenced in a March 7, 2000 letter, remains valid. It also updates references to the original Executive Stock Agreement, stating that all such references now apply to the Amended & Restated Executive Stock Agreement dated August 31, 2000. Both parties acknowledge and agree to these terms.
EX-10.19 11 0011.txt GW TAX INDEMNITY UPDATE 82800 [Ranger Aerospace Corporation letterhead] August 31, 2000 George W. Watts 111 Stone Creek Road Greer, SC 29650 RE: Liquidity Agreement/Right to Put Certain Shares of Executive Stock Dear George: Reference is hereby made to that certain letter from Ranger Aerospace Corporation to you dated March 7, 2000, re: Liquidity Agreement/Right to Put Certain Shares of Executive Stock (the "March 7 Letter"). This letter affirms that the March 7 Letter remains in full force and affect, and that references to that certain Executive Stock Agreement dated as of March 7, 2000 and defined as the "Stock Agreement" in the March 7 Letter shall now be references to that certain Amended & Restated Executive Stock Agreement dated August 31, 2000 which amended and restated such March 7 Stock Agreement. Very truly yours, RANGER AEROSPACE CORPORATION By: ________________________________ Stephen D. Townes, President & CEO Agreed and acknowledged as of the date first written above: ___________________________ George W. Watts
