AMENDMENT NO. 1 TO
RANGER AEROSPACE CORPORATION
CHAIRMAN AGREEMENT
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THIS AMENDMENT NO. 1 (this "Amendment") to the Ranger Aerospace Corporation
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Chairman Agreement dated April 2, 1998 (the "Agreement") by and between Ranger
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Aerospace Corporation, a Delaware corporation (the "Company"), Aircraft Service
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International Group, Inc., a Delaware corporation ("ASIG"), Tioga Capital
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Corporation ("Tioga") and George Schwartz ("Chairman") is made by and between
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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.
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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
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