BY AND AMONGAgreement and Plan of Merger and Reorganization • February 14th, 2001 • Ranger Industries Inc • Non-operating establishments • Florida
Exhibit 10.2 EMPLOYMENT AGREEMENT This EMPLOYMENT AGREEMENT (the "Agreement"), dated as of August 4, 1998, is entered into between Ranger Industries, Inc., a Connecticut corporation (the "Company"), and Morton E. Handel ("Executive").Employment Agreement • August 13th, 1998 • Ranger Industries Inc • Non-operating establishments • Connecticut
RANGER INDUSTRIES, INC. January 12, 2001 Dear Shareholders: We are pleased to inform you that on December 29, 2000 Ranger entered into an Agreement and Plan of Merger and Reorganization (the "Merger Agreement") with Bumgarner Enterprises, Inc....Ranger Industries Inc • January 12th, 2001 • Non-operating establishments
We are pleased to inform you that on December 29, 2000 Ranger entered into an Agreement and Plan of Merger and Reorganization (the "Merger Agreement") with Bumgarner Enterprises, Inc. ("Bumgarner") and BEI Acquisition Corporation, a wholly owned subsidiary of Ranger. Pursuant to the Merger Agreement, Bumgarner commenced a cash tender offer on December 29, 2000 for up to 4,225,000 shares of Ranger's common stock at a price of $2.00 per share. The Merger Agreement provides, among other things, that, in connection with the completion of the tender offer, BEI Acquisition Corporation will be merged with and into Bumgarner, and each share of common stock of Bumgarner outstanding at the effective time of the merger will be converted into the right to receive one share of Ranger common stock, subject to certain adjustments. As a result, Ranger will issue 14,720,000 shares of its common stock to the Bumgarner shareholders.
Third Amendment to the ("Henryetta") JOINT VENTURE PURCHASE AGREEMENT and the Related Bumgarner Note June 5, 2001Confidential Confidential • June 19th, 2002 • Ranger Industries Inc • Non-operating establishments
This is to document the verbal agreement into this date to further modify the ("Henryetta") JOINT VENTURE UNIT PURCHASE AGREEMENT of September 29, 2000 (and most recently modified in the Second Amendment dated March 26, 2001) and the related note from Bumgarner Enterprises, Inc. dated October 10, 2000. All parties to the original agreement and related note hereby agree that in exchange for $10.00 and other good and valuable consideration, the due date of the referenced note shall be extended by an additional twelve months, ie until October 10, 2003. As noted in the March 26, 2001 modification, all parties also acknowledge that the principal payment of the note will be made in increments which began in February 2001 and are expected to extend over several months and that such payments may include the reinvestment of profits generated by the Joint Venture.
