Document:

Offer Letter

 Exhibit 10.5 

 

 

 CONFIDENTIAL 
 August 11, 2005 
 REVISED 

VIA E-MAIL 
 Dear
Mr. Lefebvre: 
 On behalf of Spirit Airlines, Inc., I would like to take this opportunity to welcome you and confirm the terms of our
offer of employment. We believe that such an association would be mutually beneficial, and we are enthusiastic about having you join Spirit. 

Your title will be Senior Vice President, Customer Service and you will report to, Ben Baldanza, President & Chief Operating Officer. Your
annual base salary will be $200,000.00 and you will commence employment no later than October 31, 2005, but ideally sooner, if practical. Spirit will also provide you with a monthly car allowance of $500.00. You will be eligible for the Profit
Sharing Plan per Company policy which will be equivalent to other SVPs at Spirit. 
 The Company is in the final stage of finalizing an
equity-sharing plan for executives and you will be provided an entitlement equivalent to 0.50% of the Company’s common stock under the same terms and conditions as offered to the SVPs. 
 On your start date you will be eligible for Company-paid employee benefits, which include medical, life and dental insurance, and participation in Section 125 Flexible Benefits Plan. At that time,
you and your family will be eligible for unlimited positive space airline travel privileges on Spirit and will be entitled to Spirit Plus, per the Travel Policy. You will also receive travel privileges on other specified airlines per their
respective agreements. 
 After one year of employment, you will be eligible to participate in Spirit’s 40lK Plan, according to the 401K
Plan guidelines. Additionally, you will be provided Company-paid Long-Term Disability Insurance. You will be eligible to take three week’s vacation during your first year of employment, which will be charged against your first year accrual.

 We recognize that as part of this opportunity, you may wish to sell your home in Virginia and purchase a home in South Florida. In an effort
to assist you with relocation, Spirit will provide you with up to $60,000.00 of relocation funds which may also be used for closing costs (excluding down payment or deposit) of housing transactions, $10,000 which will not require receipts. This
relocation package is available for up to one (1) year from your date of hire. The intent of this provision is neither for you to make or lose money on this move. 

 Page Two 
 Tony Lefebvre 
 8/11/05 

 

 Supporting documentation will be required to match against your Relocation Allowance. Such items as
moving household goods are not taxable, but please note that the IRS considers some other Reimbursable Expenses as taxable wages. You may want to consult a tax advisor for specific individual information. 

For moving household goods, please obtain an estimate from the following company. The estimate must be submitted to Lew Graham, Controller, for approval
prior to your move. (We have negotiated a discount agreement with the following.) 
 ACE Relocation Systems,
Inc:        (800) 321-8104, ext. 215, ask for Laura Hansen 
 To further assist you with your
relocation, Spirit will pay for your temporary housing, rental car and your meals for up to ninety (90) days. 
 Should you decide not to
remain in the position for which you were relocated for a minimum of one (l) year, you will be responsible for repayment of the relocation funds that were allotted to you. By signing this agreement, I authorize Spirit Airlines to make the
appropriate deductions from my wages. 
 Should you have any questions, please do not hesitate to let me know. We look forward to you joining
the Spirit Organization, and hope you will find your association with Spirit Airlines, Inc. to be challenging and rewarding. 
  

					
	Sincerely,	 		  	Agreed & Accepted,
			
	SPIRIT AIRLINES, INC.	 		  	
			
	 /s/ Ceciley Bachnik
	 		  	 /s/ Tony
Lefebvre                        11/10/    

	 Ceciley Bachnik, Vice President

People Services Department
	 		  	Name                             
               Date

 CB/ 

 

	cc:	Lew Graham, Controller 

 Ben
Baldanza, President & COOProfessional Services Agreement

 Exhibit 10.7 
 PROFESSIONAL SERVICES AGREEMENT 
 THIS PROFESSIONAL SERVICES AGREEMENT
(this “Agreement”), dated as of July     , 2006 and effective as of the initial Closing Date (as such term is defined in the Amended and Restated Securities Purchase Agreement dated as of July
    , 2006, by and among Spirit Airlines. Inc., a Delaware corporation (the “Company”), Spirit Aviation Services, LLC, a Michigan limited liability company, OCM Spirit Holdings II, LLC, a Delaware limited
liability company, Indigo Florida L.P., a Cayman Islands exempt limited partnership, and Indigo Miramar LLC a Delaware limited liability company (collectively and without differentiation, the “Indigo Purchasers”), and the other
parties thereto (the “Purchase Agreement”), is made by and between Indigo Partners LLC (the “Consultant”) and the Company. 
 WHEREAS, the Indigo Purchasers are acquiring shares of the Company’s Class A Common Stock and Class B Common Stock, par value $0.0001 per share (the “Stock”), on the terms and
subject to the conditions set forth in the Purchase Agreement; 
 WHEREAS, the Company desires to receive financial and
management consulting services from the Consultant and to obtain the benefit of the experience of the Consultant in business and financial management; 
 WHEREAS, the Consultant is willing, in connection with the Indigo Purchasers’ acquisition of the Stock, to provide financial and management consulting services to the Company; and 

WHEREAS, the compensation arrangements set forth in this Agreement are designed to compensate the Consultant for providing such financial
and management consulting services to the Company and for arranging the transactions contemplated by the Purchase Agreement. 

NOW THEREFORE, in consideration of the foregoing premises and the respective agreements hereinafter set forth and the mutual benefits to
be derived herefrom, the Consultant and the Company hereby agree as follows: 
 1. Engagement. The Company hereby engages
the Consultant as a financial and management consultant, and the Consultant hereby agrees to provide financial and management consulting services to the Company, in each case on the terms and subject to the conditions set forth below. 

2. Services of the Consultant. The Consultant hereby agrees during the term of this Agreement to consult with the board of
directors of the Company (the “Board”) and the management of the Company in such manner and on such business and financial matters as may be reasonably requested from time to time by the Board, including with respect to: 

 

	 	(i)	business strategy; 

	 	(ii)	budgeting of future corporate investments; 

  

	 	(iii)	acquisition and divestiture strategies; and 

  

	 	(iv)	debt and equity financings. 

 3.
Personnel. The Consultant shall provide, and devote to the performance of this Agreement such employees, agents and representatives of the Consultant as the Consultant shall deem appropriate for the furnishing of the services provided
hereunder. 
 4. Consulting Fees. The Company shall pay to the Consultant an annual consulting fee of $800,000.00 in
immediately available funds (the “Consulting Fee”). The Consulting Fee shall be payable in arrears in equal quarterly installments of $200,000 each with the first payment due on September 30, 2006. In the event the Initial
Closing Date is after July 1, 2006, the Consulting Fee for the first quarter shall be payable on a pro rata basis based on the actual number of days elapsed in the quarter for that quarter. 

5. Expenses. Upon presentation of appropriate documentation, the Company shall promptly reimburse the Consultant for all
reasonable fees and expenses (including, without limitation, reasonable legal, accounting, consulting, travel and other third party fees and expenses) incurred by or on behalf of the Consultant or any of its affiliates or its or their respective
stockholders, members, partners, directors. managers, officers, employees, agents and representatives (collectively, the “Representatives”) in connection with the rendering of any services hereunder (including, without limitation,
expenses incurred in connection with the consummation of the transactions contemplated by the Purchase Agreement and in connection with attending Company-related meetings). 
 6. Term. The term of this Agreement will commence on the date hereof and continue until the date that the Purchaser and its affiliates own less than 10% of the Stock (and/or any securities issued
upon conversion thereof or in exchange therefore) acquired by the Purchaser pursuant to the Purchase Agreement. Notwithstanding the foregoing, the termination or expiration of the term of this Agreement, whether pursuant to this paragraph or
otherwise, shall not affect the Company’s obligations hereunder to pay (i) the Consulting Fee for all periods up to and including the date on which such termination or expiration occurs (determined on a pro rata basis for any partial
period based on the actual number of days elapsed in such period) and (ii) all reasonable fees and expenses incurred by the Consultant, its affiliates and/or its or their respective Representatives in connection with the rendering of services
hereunder on or prior to the date on which such termination or expiration occurs. 
 7. Liability. Neither the Consultant
nor any of its affiliates or its or their respective Representatives shall he liable to the Company or any of its respective affiliates or subsidiaries for any loss, liability, damage or expense arising out of or in connection with the performance
of services contemplated by this Agreement, unless such loss, liability, damage or expense shall be proven to result directly from the gross negligence or willful misconduct of the Consultant. 

8. Indemnification. The Company hereby agrees to indemnify and hold harmless the Consultant, its affiliates and its and their
respective Representatives against and 

  
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from any and all losses, liability, suits, claims, costs, damages and expenses (including attorneys’ fees) arising from their performance hereunder, except as a result of the
Consultant’s fraud, willful misconduct or gross negligence. 
 9. Independent Contractor Status. The Consultant and
the Company acknowledge and agree that the Consultant will perform services hereunder as an independent contractor, retaining control over and responsibility for its operations and personnel. Neither the Consultant nor any of its affiliates or its
or their respective Representatives shall be considered employees or agents of the Company as a result of this Agreement nor shall the Consultant or any of its affiliates or its or their respective Representatives have any authority to contract in
the name of or bind the Company, except as expressly agreed to in writing by the Company. 
 10. Notices. Any notice,
report or payment required or permitted to be given or made under this Agreement by one party to the other shall be deemed to have been duly given or made if personally delivered or, if mailed, when mailed by registered or certified mail, postage
prepaid, to the other party at the following addresses (or in such other address as shall be given in writing, by one party to the other): 
 If to the Consultant: 
 Indigo Partner, LLC 

2525 E. Camelback Road 
 Suite 800 
 Phoenix, AZ 85016 

Facsimile: (602) 224-1555 
 Attn: Managing Member 
 If to the Company: 

Spirit Airlines, Inc. 
 2800 Executive Way 
 Miramar, FL 33025 

Telephone: (954) 447-7965 
 Facsimile: (954) 447-7979 
 Attention: Chief Executive Officer 

11. Entire Agreement; Modification. This Agreement, the documents expressly referred to herein and other documents of even date
herewith embody the complete agreement and understanding among the parties and supersede and preempt any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject matter
hereof. No provision of this Agreement may be amended, modified or waived without the prior written consent of the Company and the Consultant. 
 12. Waiver of Breach. The waiver by any party of a breach of any provision of this Agreement by any other party shall not operate or be construed as a waiver of any subsequent breach of that
provision or any other provision hereof. 

  
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 13. Assignment. Neither the Consultant nor the Company may assign its rights or
obligations under this Agreement without the express written consent of the other party hereto, except that the Consultant may assign its rights and obligations to any of its affiliates. 

14. Successors. This Agreement and all the Obligations and benefits hereunder shall inure to the successors and permitted assigns
of the parties. 
 15. Counterparts. This Agreement may be executed and delivered by each party hereto in separate
counterparts, each of which when so executed and delivered shall be deemed an original and all of which taken together shall constitute one and the same agreement. 
 16. Choice of Law. This Agreement shall be governed by and construed in accordance with the domestic laws of the State of Delaware without giving effect to any choice of law or conflict of law
provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware. 

* * * * * 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Professional Services Agreement to be duly executed
and delivered on the date and year first above written. 
  

			
	INDIGO PARTNERS LLC
	
	 /s/ W. A. Franke

	By:	 	 William A. Franke

	Its:	 	 President and Managing Partner

	
	SPIRIT AIRLINES, INC.
		
	By:	 	  

	Its:	 	  

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Professional Services Agreement to be duly executed
and delivered on the date and year first above written. 
  

			
	INDIGO PARTNERS LLC
		
	By:	 	  

	Its:	 	  

	
	SPIRIT AIRLINES, INC.
	
	 /s/ B. Ben Baldanza

	By:	 	B. Ben Baldanza
	Its:	 	President & CEO

  
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