Document:

ANTS
SOFTWARE INC. [LOGO OMITTED]

                                                                    EXHIBIT 10.1

October 12, 2004

Mr. Boyd Pearce
----------------
----------------

Dear Boyd:

The Board of Directors  (the "Board") of ANTs  software inc. (the  "Company") is
pleased to offer you the position of President and Chief Operating  Officer with
the Company,  reporting  to Francis K.  Ruotolo,  Chairman  and Chief  Executive
Officer of the Company.  Your full-time employment shall commence on October 18,
2004.

Your starting annual salary will be $200,000.00, payable semi-monthly subject to
applicable  withholding.  You  will be  eligible  to  earn a  bonus  of up to an
additional  $100,000  contingent  on your  attainment  of  certain  goals  to be
established by the Compensation  Committee of the Board in its sole and absolute
discretion.  You will also be eligible to participate in employee  benefit plans
adopted  by the  Company  from time to time.  You will be  eligible  for 15 paid
vacation  days per  year,  earned  at the rate of 1.25  days per  month  worked.
Subject to Board approval,  and regulatory  approval,  the Company will grant to
you: i) a fully vested  option to purchase up to 100,000  shares of Common Stock
under  the  Company's  2000  Stock  Option  Plan  ("Plan")  and ii) an option to
purchase up to 650,000 shares of Common Stock under the Plan subject to vesting.
In the event the Board and the  shareholders  of the Company approve an increase
in the number of shares  reserved  under the Plan, and subject to Board approval
and regulatory  approval,  the Company will also grant you, in the event you are
still  employed by the  Company,  an option to purchase up to 750,000  shares of
Common Stock of the Company

By accepting this offer,  you agree to devote,  during your  employment with the
Company,  your full business time and attention  exclusively to the business and
affairs of the Company and to comply in all respects  with all of the  Company's
present and future policies.

Your employment by the Company is not for a specified  term, it is at-will,  and
may be  terminated  by you or the Company at any time  without  notice,  for any
reason and for no reason, with or without cause.

If you accept this offer,  the terms described in this letter shall be the terms
of your employment.  Any additions or modifications of these terms would have to
be in writing and signed by you and an  authorized  representative.  This letter
represents  all of the terms and  conditions  of the subject  matter  hereof and
supersedes  and replaces any  previous  understanding  by or between you and the
Company.

Your  employment  pursuant to this offer is  contingent  on your  executing  the
Company's standard  confidentiality  agreement,  upon your providing the Company
with the legally  required proof of your identity and  authorization  to work in
the United States and on the  completion of background  and reference  checks to
the satisfaction of the Board.

We  look   forward  to  having  you  join  the   Company.   If  you  accept  the
above-described  offer,  please return to me a signed copy of this letter.  This
offer  will  expire  one week from the date of this  letter if not  accepted  or
extended by the Company.

ANTs software inc.                          Agreed as stated above:
A Delaware Corporation

By:                                         By:
    -------------------------------------      -------------------------------
    Francis Ruotolo                                     Boyd Pearce
    Chairman and Chief Executive Officer

801 Mahler Road, Suite G, Burlingame, CA
94010 650-692-0219 voice 650-692-0253
fax www.antssoftware.comRepublic Holdings Exhibit 10.1 9 30 04

	
Exhibit 10.1

CONFIDENTIAL TREATMENT

REQUESTED PURSUANT TO RULE 24b-2

AMENDMENT NUMBER FOUR TO

DELTA CONNECTION AGREEMENT

This Amendment Number Four (this "Fourth Amendment"), dated and effective the 12th day of August, 2004, to the Delta Connection Agreement dated and effective June 7, 2002 as previously amended (the “Agreement”), is among Delta Air Lines, Inc., 1030 Delta Boulevard, Atlanta, Georgia 30320 ("Delta"), Chautauqua Airlines, Inc. (“Chautauqua” or “Operator”), 2500 S. High School Road, Suite 160, Indianapolis, Indiana 46241 and Republic Airways Holdings, Inc. (“Republic”), 2500 S. High School Road, Suite 160, Indianapolis, Indiana 46241.

WHEREAS, Delta, Chautauqua and Republic are parties to the Agreement; and

WHEREAS, the parties desire to further amend the Agreement; 

NOW, THEREFORE, for and in consideration of the mutual undertakings set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Delta, Operator and Republic, intending to be legally bound, hereby agree as follows:

1.    Defined Terms. All terms capitalized used, but not defined, herein shall have the meaning ascribed to such terms in the Agreement.

2.    Prohibition on Operation of Certain Aircraft. 

Article 19.B of the Agreement shall be amended by adding the following new paragraph to the end of such section:

“Not withstanding the above paragraph, during the period commencing on [*]

3.    Compensation. Simultaneously with the execution of this Fourth Amendment, Republic shall pay to Delta in immediately available funds via wire transfer the sum of [*].

4.    Miscellaneous.

A.    This Fourth Amendment constitutes the entire understanding of the parties with respect to the subject matter hereof, and any other prior or contemporaneous agreements, whether written or oral, are expressly superseded hereby.

B.    This Fourth Amendment may be executed in any number of counterparts, each of which shall be deemed an original and all of which, taken together, shall constitute one and the same instrument.

C.    Except as specifically stated herein, all other terms and conditions of the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties have executed this Fourth Amendment by their undersigned duly authorized representatives:

	
Chautauqua Airlines, Inc.            Delta Air Lines, Inc.
	
Delta Air Lines, Inc.

	 	 
	 	 
	 	 
	
By: /s/ Bryan Bedford            By: /s/ Fred Buttrell
	
By: /s/ Fred Buttrell

	
Name: Bryan Bedford             Name: Fred Buttrell
	
Name: Fred Buttrell

	
Title: President and CEO            Title: President and CEO
	
Title: President and CEO

	
Delta Connection, Inc.
	
Delta Connection, Inc.

	 	 
	 	 
	
Republic Airways Holdings, Inc.
	 
	 	 
	
By: /s/ Bryan Bedford    
	 
	
Name: Bryan Bedford 
	 
	
Title:     President and CEO
	 

	
__________

* Confidential

CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT UNDER RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934. THE OMITTED MATERIALS HAVE BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	 	1Republic Holdings Exhibit 10.2 9 30 04

	
Exhibit 10.2

CONFIDENTIAL TREATMENT

REQUESTED PURSUANT TO RULE 24b-2

CONFIDENTIAL

 

AMENDMENT No. 2 TO PURCHASE AGREEMENT DCT-014/2004

 

This Amendment No. 2 to Purchase Agreement DCT-014/2004, dated as of July 8, 2004 (“Amendment No. 2”) relates to the Purchase Agreement DCT-014/2004 (the “Purchase Agreement”) between Embraer - Empresa Brasileira de Aeron?utica S.A. (“Embraer”) and Republic Airline, Inc. (“Buyer”) dated March 19, 2004 as amended from time to time (collectively referred to herein as “Agreement”). This Amendment No. 2 is between Embraer and Buyer, collectively referred to herein as the “Parties”.

 

This Amendment No. 2 sets forth additional agreements between Embraer and Buyer relative to the confirmation of five (5) Conditional Aircraft, new delivery dates and new exercise date for the remaining Conditional Aircraft.

 

Except as otherwise provided for herein all terms of the Purchase Agreement shall remain in full force and effect. All capitalized terms used in this Amendment No. 2, which are not defined herein shall have the meaning given in the Purchase Agreement. In the event of any conflict between this Amendment No. 2 and the Purchase Agreement the terms, conditions and provisions of this Amendment No. 2 shall control.

 

WHEREAS, in connection with the Parties’ agreement above mentioned, the Parties have now agreed to amend the Purchase Agreement as provided for below:

 

NOW, THEREFORE, for good and valuable consideration which is hereby acknowledged Embraer and Buyer hereby agree as follows:

 

	1.  	Definitions: A new definition shall be added to Article 1 of the Purchase Agreement as follows:

 

“1.23 ‘Confirmed Conditional Aircraft’ shall be the Aircraft specified in Article 2.1.”

 

	2.  	Subject: Article 2 of the Purchase Agreement shall be deleted and replaced as follows:

 

“Subject to the terms and conditions of this Agreement:

 

	 	2.1	Embraer shall sell and deliver and Buyer shall purchase and take delivery of thirteen (13) Aircraft and five (5) Confirmed Conditional Aircraft;

 

	 	2.2	Embraer shall provide to Buyer the Services and the Technical Publications;

 

	 	2.3	Buyer shall have the right to purchase up to seven (7) Conditional Aircraft, in accordance with Article 22; and

 

	 	2.4	Buyer shall have the option to purchase up to twenty-five (25) Option Aircraft, in accordance with Article 23.”

 

	3.  	Delivery: The table containing the delivery schedule in Article 5.1 of the Purchase Agreement shall be deleted in its entirely and replaced with the following:

 

	
“Firm

A/C
	
Delivery

Month
	
Firm

A/C
	
Delivery

Month
	
Confirmed

Conditional

A/C
	
Delivery

Month

	
1
	
Sep 2004
	
8
	
[*]
	
14
	
[*]

	
2
	
[*]
	
9
	
[*]
	
15
	
[*]

	
3
	
[*]
	
10
	
[*]
	
16
	
[*]

	
4
	
[*]
	
11
	
[*]
	
17
	
[*]

	
5
	
[*]
	
12
	
[*]
	
18
	
May 2005”

	
6
	
[*]
	
13
	
[*]

	
7

 
	
[*]
	 	 

	4.  	Price: Article 3.1 shall be deleted and replaced with the following:

 

Buyer agrees to pay Embraer, subject to the terms and conditions of this Agreement, in United States dollars, the following amount per unit Basic Prices:

 

	
Aircraft
	
Aircraft Basic Price
	
Economic

Condition

	
EMBRAER 170 Aircraft # 1
	
[*]
	
[*]

	
EMBRAER 170 Aircraft # 2 and on
	
[*]
	
[*]

 

	5.  	Conditional Aircraft: The opening paragraph of Article 22, the delivery schedule table and the first paragraph of Article 22.1 of the Purchase Agreement shall be deleted and replaced by the following:

 

“Subject to confirmation by Buyer as described below, Buyer shall have the right to purchase up to seven (7) additional Aircraft (the “Conditional Aircraft”), to be delivered on the last day of the applicable month set forth below or such earlier date in such month specified pursuant to Article 7.1:

 

	
Conditional 

A/C
	
Delivery Month
	
Conditional

A/C
	
Delivery Month

	
19
	
[*]
	
23
	
[*]

	
20
	
[*]
	
24
	
[*]

	
21
	
[*]
	
25
	
[*]

	
22
	
[*]
	 

22.1     Buyer’s right to purchase [*] shall be subject to Buyer giving notice to Embraer of its election to purchase [*] on or before [*]. Buyer shall be allowed to confirm the acquisition of all or part of [*].”

 

The second paragraph of Article 22.1 shall remain unchanged.

 

6.  Assignment:

 

6.1.  A new Article 14.2A shall be added to the Purchase Agreement as follows:

 

“14.2A Buyer may assign its rights with respect to any Aircraft scheduled to be delivered during 2004 and 2005 to Chautauqua Airlines, Inc. (“Chautauqua”), a wholly-owned subsidiary of Republic Airways Holdings Inc., subject to this Article 14.2A and Article 14.2 (excluding Section (i) of Article 14.2). [*] Buyer has already informed Embraer, and Embraer has consented, that the first and second Aircraft will be assigned to Chautauqua. Chautauqua shall have the right to [*]. Buyer and Chautauqua shall promptly provide [*]”

 

	6.2.	The last two paragraphs of Article 14 shall be deemed as sections 14.3 and 14.4, instead of 14.2 and 14.3.

 

	7.  	SecondAircraft (S/N 007) Configuration: Article 2 of Attachment A to the Purchase Agreement shall be deleted in its entirely and replaced with the following:

 

“The Second Firm Aircraft to be delivered to Buyer will be the [*] (the “First Aircraft”), which, by the time of its delivery to Buyer, will have [*] and will be delivered in a configuration according to Article 1 and Article 3 of this Attachment A. The Second Aircraft shall have installed [*]”

 

	8.  	Miscellaneous: All other provisions of the Agreement which have not been specifically amended or modified by this Amendment No. 2 shall remain valid in full force and effect without any change.

 

[Remainder of page intentionally left in blank]

____________

*Confidential

	
CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT UNDER RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934. THE OMITTED MATERIALS HAVE BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	 	1	 
	

	
CONFIDENTIAL

IN WITNESS WHEREOF, EMBRAER and BUYER, by their duly authorized officers, have entered into and executed this Amendment No. 2 to Purchase Agreement to be effective as of the date first written above.

EMBRAER - Empresa Brasileira de Aeronautica S.A.                 Republic Airline Inc.

 

	
By  /s/ Satoshi Yokota            
	
By  /s/ Bryan Bedford        

	
Name:   Satoshi Yokota
	
Name:  Bryan Bedford

	
Title:  Executive Vice President Development and Industry
	
Title:  Chairman and CEO

	 	 
	
By  /s/ Jose Luis Molina        
	
Date:     July 8, 2004

	
Name:  Jose Luis Molina                    
	
Place:

	
Title:  Director of Contracts Airline Market
	 
	 	 
	 	 
	
Date:  July 8th 2004
	 
	
Place:  Sao Jose dos Campos, Brazil
	 
	 	 
	
Witness:  /s/ Carlos Martins Dutra
	
Witness:  /s/ Lars-Erik Arnell        

	
Name:  Carlos Martins Dutra
	
Name:  Lars Erik Arnell        

 

	

Amendment No. 2 to Purchase Agreement DCT-014/2004    

45523114.3

	 	2

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