Confirmation Letter Regarding Buyer Group Membership under Securities Purchase Agreement between Robert W. Stallings and GAINSCO, INC.

Contract Categories: Business Finance › Purchase Agreements
Summary

This letter, dated March 23, 2001, from Robert W. Stallings to GAINSCO, INC., confirms that ING Pilgrim Capital Corporation, LLC and its affiliates and associates are considered part of the "Buyer Group" as defined in the Securities Purchase Agreement dated February 26, 2001, between Stallings and GAINSCO, INC. The letter clarifies the parties included in the Buyer Group for the purposes of the agreement.

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EX-2.7 6 d85637aex2-7.txt LETTER DATED 3/23/01 RE: ING LLP 1 EXHIBIT 2.7 ROBERT W. STALLINGS 3828 BEVERLY DRIVE DALLAS, TEXAS 75205 March 23, 2001 GAINSCO, INC. 500 Commerce Street Fort Worth, Texas 76102 RE: SECURITIES PURCHASE AGREEMENT Gentlemen: Reference is hereby made to that certain Securities Purchase Agreement dated February 26, 2001 by and between Robert W. Stallings and GAINSCO, INC. (as amended, the "Purchase Agreement"). Terms used herein and not otherwise defined shall have the respective meanings set forth in the Purchase Agreement. The undersigned confirms that for purposes of the Purchase Agreement, ING Pilgrim Capital Corporation, LLC together with its Affiliates and Associates is a member of the "Buyer Group". Sincerely, /s/ Robert W. Stallings -------------------------------- Robert W. Stallings