* The English translation of this Guideline is for reference purposes only.
If there is any inconsistency or conflict between the English version and the Japanese version, the Japanese version shall prevail.

Regulations for Security Money for Airport Fees
Establishment date: April 1, 2021
Final revision date: April 1, 2024
(Purposes)
Article 1 Based on the Fukuoka Airport Service Regulations (hereinafter referred to as“Service Regulations”), these Regulations for Security Money for Airport Fees
(hereinafter, these “Regulations”) stipulate necessary matters regarding Security
Money deposited by Flight Operators in connection with the use of FIAC’s airport
facilities of Fukuoka Airport.
(Definitions)
Article 2 The terms used in these Regulations have the meanings set forth in the following.
Terms not specified in the following have the meanings as defined in the ServiceRegulations.
(1) “Existing Flight Operators” refers to Flight Operators that have had Regular Flight
Service between April 1, 2019 and March 31, 2020.
(2) “Provision of Security Money or Bank Guarantee” has the meaning specified in Article
3. 2.
(3) “Initial Year” means the year that includes the month following the commencement dateof flight service.
(Provision of Security Money or Bank Guarantee by Regular Flight Operators)
Article 3 1. A Flight Operator that operates regular flight service to and from Fukuoka Airport(hereinafter referred to as “Regular Flight Operator”) must, no later than 30 days
before the scheduled flight service commencement date, submit an Airport Fees
Security Money Application (Form 1) in which the amount of Security Money
calculated based on the formula specified in Attached Table 1 is stated. Then,Fukuoka International Airport Co., Ltd. (“FIAC”) confirms and accepts the application.
2. In accordance with the Airport Fees Security Money Application accepted pursuant to
the provisions of the preceding Article, the Regular Flight Operator will, at least 10
days before the start of service, at its option, (i) deposit the entire amount of Security
Money with FIAC in Japanese currency, or (ii) submit a written guarantee for
Security Money issued by a bank (a) which is designated by the Financial Services
Agency as “financial institution handling deposits” and listed in the bank license listwith (b) a rating of A or higher given by a rating agency (R & I, JCR, Moody’s,

* The English translation of this Guideline is for reference purposes only.
If there is any inconsistency or conflict between the English version and the Japanese version, the Japanese version shall prevail.

Standard & Poor’s, or Fitch), designating a branch office of said bank in Japan as
the payor and the processor of the withdrawal of the claimed discount (Suchguarantee will be acceptable only it is prepared in Form 2 or contains items
approved by FIAC as equivalent to Form 2, and all the processes related to theguarantee can be performed at such bank’s branch office in Japan; such guarantee
is hereinafter referred to as “Bank Guarantee”). However, the Regular Flight
Operator may have the due date for depositing Security Money or submitting Bank
Guarantee stipulated in this Article (hereinafter such deposit or submission isreferred to as “provision of Security Money or Bank Guarantee”) changed only if it
obtains prior written approval from FIAC.
3. In each year following the Initial Year, FIAC adjusts, when deeming it necessary, thedifference between Security Money for the current year and Security Money for theprevious year calculated in accordance with Appendix 1, by the end of July of eachyear. In the case of a deposit in Japanese currency, if the amount of Security Moneyfor the current year exceeds that of the previous year, the Regular Flight Operator
must deposit the difference as additional Security Money at the request of FIAC. If
the amount of Security Money for the current year is less than that of Security
Money for the previous year, FIAC must return the difference to the Regular Flight
Operator at its request. In the case of Bank Guarantee, the Regular Flight Operator
will submit to FIAC a new Bank Guarantee for the modified Security Money amount.
FIAC will return the previous Bank Guarantee to the Regular Flight Operator inexchange for the new Bank Guarantee.
4. If the Regular Flight Operator has selected (ii) in paragraph 2, but the bank that issued
the Bank Guarantee no longer meets either of the requirements in (a) or (b) of (ii),the Regular Flight Operator will report it to FIAC without delay. Then, in accordancewith paragraph 2, the Regular Flight Operator must (i) deposit Security Money withFIAC in cash or (ii) obtain a new Bank Guarantee from another bank and submit itto FIAC.
5. If the Regular Flight Operator that had provided Security Money or Bank Guarantee
under paragraph 1 discontinues regular flights to and from Fukuoka International
Airport, FIAC will, at the request of the Regular Flight Operator, return Security
Money or Bank Guarantee to the Regular Flight Operator. To receive the return ofSecurity Money or Bank Guarantee, the Regular Flight Operator must submit an
Airport Fees Security Money Return Application (Form 3) to obtain FIAC’s approval.
As of the date when such flights are discontinued, if the Regular Flight Operator has
any debt owed to FIAC (including debt that has not yet come due), FIAC will collect* The English translation of this Guideline is for reference purposes only.
If there is any inconsistency or conflict between the English version and the Japanese version, the Japanese version shall prevail.

such debt by offsetting it with the same amount of Security Money and then returnthe balance to the Regular Flight Operator, or return Bank Guarantee in exchange
for the payment of such debt.
6. The Regular Flight Operator will bear the bank transfer charge, the fee for executing
the guarantee, and any other fees charged by the bank in connection withdepositing Security Money or issuing a Bank Guarantee, regardless of the name ofthe charge.
(Exemption of Security Money)
Article 4 Notwithstanding the provisions of the preceding Article, FIAC exempts Existing
Flight Operators from providing Security Money or Bank Guarantee stipulated inparagraph 1 of the preceding Article. However, such exemption will cease for an
Existing Flight Operator as of the time it falls under any of the following conditions.
In such case, within 30 days from the notification by FIAC, the Existing Flight
Operator whose exemption has ceased must deposit cash or submit Bank
Guarantee for Security Money calculated in Appendix 2, in accordance withparagraphs 1 and 2 of the preceding Article. Such Existing Flight Operator that has
provided Security Money or Bank Guarantee will be treated in accordance withparagraphs 3, 4, and 5 of the preceding Article:(1) It does not resume flight service within twelve (12) months from the monthfollowing the last flight service date. If Flight Operators cannot operate theirflight service due to an unavoidable reason, such as a pandemic, FIAC andFlight Operators will discuss in good faith to come to a decision on theexemption;(2) On and after the coming into force of these Regulations, an Existing Flight
Operator providing regular flight service has failed to pay Airport Fees or fulfill
any other obligation to FIAC for fifteen (15) days or more from the due datespecified by FIAC; or(3) An Existing Flight Operator providing regular flight service has fallen under any
condition stipulated in Article 6. 1 in the past.
2. If the Existing Flight Operator falls under any of the conditions in the preceding
paragraph, but there are particular circumstances to be considered, FIAC may, atits discretion, continue to exempt it from providing Security Money or BankGuarantee.
3. Notwithstanding the provisions of the preceding Article, FIAC may exempt an
Existing Flight Operator from providing Security Money or Bank Guarantee for any

* The English translation of this Guideline is for reference purposes only.
If there is any inconsistency or conflict between the English version and the Japanese version, the Japanese version shall prevail.

other reason if FIAC deems it appropriate.
(Failure to deposit Security Money by the due date)
Article 5 If a Regular Flight Operator fails to deposit Security Money as stipulated in Article 3,FIAC may suspend it from using takeoff/landing facilities or facilities specified underArticle 15. 3 of the Service Regulations and/or take other necessary measures until
it receives Security Money.
(Appropriation of Security Money)
Article 6 If a Flight Operator that has provided Security Money falls under any of thefollowing conditions, FIAC may, at its discretion, collect the outstanding Airport
Fees or any other payable owed by the Flight Operator by appropriating the sameamount from Security Money. If there is a positive balance after such appropriationand the Flight Operator wishes to continue regular flight service, it must make anadditional deposit to fill the shortage from Security Money required by FIAC by thedate specified by FIAC. If such Flight Operator chooses to discontinue regularflight service, Article 3.5 will apply.
(1) The Flight Operator has received provisional attachment, provisional
injunction, compulsory execution, delinquent disposition, petition for auction,
the exercise of security right, or any other preservative measures;(2) A petition for bankruptcy, corporate reorganization, civil rehabilitation, or any
other similar proceedings has been filed by or against the Flight Operator, aliquidation procedure has commenced, or it has been suspended from banktransactions;(3) The Flight Operator has received an order of suspension from the airtransportation business or revocation of its air transportation business license;(4) The Flight Operator has discontinued all regular flights to Fukuoka Airport
without advance notice to FIAC, giving no reasonable grace time;(5) The Flight Operator has delayed or failed to fulfill any obligation to FIAC, orotherwise, FIAC determines that there is good reason to raise serious concerns
about the solvency of the Flight Operator;(6) The Flight Operator has lost the benefit of deferring payment of obligations (notlimited to Airport Fees) until their due dates under any other contract concluded
between FIAC and the Flight Operator; or* The English translation of this Guideline is for reference purposes only.
If there is any inconsistency or conflict between the English version and the Japanese version, the Japanese version shall prevail.

(7) FIAC determines that the financial status of the Flight Operator hasdeteriorated significantly or that there is good reason to believe that suchdeterioration will occur.
2. If a Flight Operator that has provided Security Money falls under any of theconditions in the preceding paragraph, FIAC may, at its discretion, not make theadjustment stipulated in the provisions of Article 3.3 above.
(Treatment of Security Money)
Article 7 The Flight Operator that has provided Security Money must not transfer the rightto claim the return of Security Money, pledge Security Money, or make any othersimilar disposition. No interest will accrue on Security Deposit while it is depositedwith FIAC.

* The English translation of this Guideline is for reference purposes only.
If there is any inconsistency or conflict between the English version and the Japanese version, the Japanese version shall prevail.

Appendix 1 (for Article 3)
1. Security Money for the Initial Year
When a Flight Operator becomes subject to Security Money, Security Money to bedeposited in the Initial Year is calculated for each scheduled aircraft type by multiplying theper-flight airport fees security money (Any fraction less than 1,000 yen resulting from thecalculation will be rounded down.) stipulated below by the number of scheduled flights
during the three months following the commencement of flight service (or, in the case of an
Existing Flight Operator, during the three months following the date of notification fromFIAC). For the purpose of such calculation, Airport Fees are calculated assuming that theloading rate is 70% for each flight.
(1) Airport fees for passenger flights
・ The landing charge, parking charge, and security charge stipulated in Article 15. 2 of
the Service Regulations;・ Other fees charged by FIAC as stipulated in Article 15.3 of the Service Regulations;and・ The passenger facility fees stipulated in Article 15. 7 of the Service Regulations
The provisions of Articles 16 and 18 of the Service Regulations apply mutatis mutandis tothese fees and charges.
(2) Airport fees for cargo flights
・ The landing charge, parking charge, and security charge stipulated in Article 15. 2 of
the Service Regulations;・ Other fees charged by FIAC as stipulated in Article 15.3 of the Service Regulations;andThe provisions of Articles 16 and 18 of the Service Regulations apply mutatis mutandis tothese fees and charges.
2. Security Money for the second year and afterward(1) Security Money for the second year and any subsequent year is equal to the sum of
the three-month Airport Fees specified in (1) and (2) of paragraph 1 above, determinedby averaging the Airport Fees of the months in which flights were operated during thelast twelve months. (Any fraction less than 1,000 yen resulting from the calculation will
be rounded down.)

* The English translation of this Guideline is for reference purposes only.
If there is any inconsistency or conflict between the English version and the Japanese version, the Japanese version shall prevail.

If the Airport Fees fluctuate significantly from month to month, due to the start of flight
service in the middle of a month, addition or reduction of flights, seasonal addition offlights, a large-scale disaster, or any other reason, FIAC will, at its discretion, useanother appropriate method to calculate the monthly average of Airport Fees anddetermine Security Deposit as the sum of three-month Airport Fees. (Any fraction lessthan 1,000 yen resulting from the calculation will be rounded down.)(2) Notwithstanding the provisions of (1) above, if the amount calculated in (1) is within
30% above or below the amount already deposited by the Flight Operator or Bank
Guarantee, the amount of Security Money will be the same as such amount alreadydeposited or guaranteed.

* The English translation of this Guideline is for reference purposes only.
If there is any inconsistency or conflict between the English version and the Japanese version, the Japanese version shall prevail.

Appendix 2 (for Article 4)
If an Existing Flight Operator becomes subject to Security Money, the Security Money to bedeposited will be equal to the sum of the Airport Fees paid for the three months before themonth of notification from FIAC. (Any fraction less than 1,000 yen resulted from thecalculation will be rounded down.) If an Existing Flight Operator has operated the flight
service for less than three months, or if Airport Fees have fluctuated significantly frommonth to month, due to addition or reduction of flights, seasonal addition of flights, a largescale disaster, or any other reason, FIAC will, at its discretion, determine which monthly
amount should be used for the calculation and determine Security Deposit as the sum of
three-month equivalent of such monthly amount. (Any fraction less than 1,000 yen resulting
from the calculation will be rounded down.)

* The English translation of this Guideline is for reference purposes only.
If there is any inconsistency or conflict between the English version and the Japanese version, the Japanese version shall prevail.

Form 1 (for Article 3)
Airport Fees Security Money Application Form
Date:
Mr./Ms.
President & CEO, Representative Director, Executive Officer
Fukuoka International Airport Co., Ltd.
Address:
Company name:sealNameWe, the Flight Operator above, understand and accept FIAC’s Regulations for SecurityMoney for Airport Fees and apply for the provision of Security Money or Bank Guarantee inconnection with Airport Fees as follows:
Method of provision

1. Deposit of Security Money in cash

(Circle the number for the chosen method)

2. Submission of Bank Guarantee

Amount of Security Moneyyen* The breakdown is as specified in the attached document.

―――――For FIAC Use Only (the applicant must leave this section blank) ――――――
The application is accepted with the following condition(s):Approver Seal

* The English translation of this Guideline is for reference purposes only.
If there is any inconsistency or conflict between the English version and the Japanese version, the Japanese version shall prevail.

Form 2 (for Article 3)
Bank Guarantee (Irrevocable Standby Letter of Credit)
DateFukuoka International Airport Co., Ltd.
782-1 Shimousui, Oaza, Hakata-ku, Fukuoka City, Fukuoka Prefecture

WHEREAS Fukuoka International Airport Co., Ltd. (hereinafter referred to as “FIAC”) is aJapanese corporation with its registered address at 782-1 Shimousui, Oaza, Hakata-ku,
Fukuoka City, Fukuoka Prefecture;
WHEREAS [Airline name] (hereinafter referred to as “Obligor”) in [Airline location] has
obligations to FIAC under the provisions of the following regulations and contracts(hereinafter collectively referred to as “Regulations”) established by FIAC:
・ Fukuoka Airport Service Regulations;・ Regulations concerning the Deadline for the Payment of Usage Charges;
・ Special Provisions concerning the Calculation of Usage Fee;
・ Special Provisions concerning Takeoffs/Landings;
・ Regulations for Security Money for Airport Fees; and・ The contract concluded between FIAC and [Airline name]With respect to these obligations of Obligor, [Bank name] (hereinafter referred to as “Bank”)
of [Address of Bank] will irrevocably and unconditionally guarantee payment to FIAC up toa total of ___________ yen (hereinafter, “Guaranteed Obligations”) under this Letter ofGuarantee. Bank promises and agrees, upon written request from FIAC, to pay any
obligation of Obligor owed to FIAC, regardless of any objection from Obligor, andregardless of the frequency of such request, without claiming any set-off or counterclaim,
until such payments made on behalf of Obligor reach the Guaranteed Obligations.
All payments under this Letter of Guarantee must be received in Japanese currency in thebank account designated by FIAC within seven (7) business days from FIAC’s request.
FIAC must acknowledge the receipt of such payment. Payment must be made without
deducting taxes, expenses, fees, or any other costs of any nature.

* The English translation of this Guideline is for reference purposes only.
If there is any inconsistency or conflict between the English version and the Japanese version, the Japanese version shall prevail.

All notices or claims to Bank under this Letter of Guarantee shall be delivered in writing inJapanese to the [the branch office of Bank in Japan] (hereinafter referred to as the “Branchin Japan”) located at [Address]. Payments by Bank under this Letter of Guarantee must be
made through the Branch in Japan.
Notwithstanding any other provision of this Letter of Guarantee, the maximum total
payments by Bank under this Letter of Guarantee will not exceed the Guaranteed
Obligations.
This Letter of Guarantee is valid until ___________ (hereinafter referred to as the“Expiration Date”), and the Expiration Date will be extended for one year unless either Bankor FIAC notifies the other party otherwise in writing at least 30 days prior to the Expiration
Date.
This Letter of Guarantee will be construed in accordance with Japanese laws. It is agreed
that any dispute arising out of or in connection with this Letter of Guarantee (including
doubts about its existence, effect, or cancellation) will be referred to the Fukuoka District
Court of Japan as the agreed court of exclusive jurisdiction of the first instance.

Address:
Company name:sealName* The English translation of this Guideline is for reference purposes only.
If there is any inconsistency or conflict between the English version and the Japanese version, the Japanese version shall prevail.

Form 3 (for Article 3)
Request for Returning Airport Fees Security Money FormDate:
Mr./Ms.
President & CEO, Representative Director, Executive Office
Fukuoka International Airport Co., Ltd.
Address:
Company name:
seal
Name

We, the Flight Operator above, request the return of Security Money or Bank Guarantee
provided in accordance with Article 3.5 of the Regulations for Security Money for Airport
Fees as follows:
Method of provision

1. Deposit of Security Money in cash

(Circle the number for the chosen method)

2. Submission of Bank Guarantee

Amount of Security Moneyyen―――――― For FIAC Use Only (the applicant must leave this section blank) ―――――
The application is accepted with the following condition(s):Approver Seal