Extension Agreement for Redemption Date of Series A-1 and A-2 Redeemable Preferred Stock between Toxford Corporation and Telos Corporation
Toxford Corporation and Telos Corporation have agreed to extend the redemption date for 907.75 shares of Series A-1 and 1270.85 shares of Series A-2 Redeemable Preferred Stock, originally issued by Telos Corporation, to December 31, 2011. The shares will continue to be governed by the terms of the Preferred Stockholders Standby Agreement, previously referenced and extended. The agreement is signed by representatives of both companies and confirms the new redemption timeline.
Exhibit 10.19
Toxford Corporation
c/o Rathbones
Place de Saint Gervais 1
1211 Geneva
Switzerland
Series A-1 and Series A-2 Redeemable Preferred Stock
Toxford Corporation herewith consents to an extension of the redemption date of its 907.75 shares of Series A-1 Redeemable Preferred Stock and 1270.85 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 on or about October 11, 2002 with Wells Fargo Foothill, Inc. (formerly Foothill Capital Corporation), and previously extended on April 14, 2005.
| AGREED AND ACKNOWLEDGED, | ||||||
| Toxford Corporation | Telos Corporation | |||||
| By: | ||||||
| /s/ Javier Olero | /s/ Michael Fitzgerald | /s/ Therese K. Hathaway | ||||
| Signature(s): | Therese K. Hathaway | |||||
| Vice President, Corporate Secretary | ||||||
| Javier Olero | Michael Fitzgerald | |||||
| Name(s): | ||||||
| Directors | ||||||
| Title: | ||||||
| 17.3.08 | March 13, 2008 | |||||
| Date: | ||||||
