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Exhibit 10.8  

 
 

AMERICAN FUNDS DISTRIBUTORS, INC.
  STANDARDIZED 401(K) PLAN    
    

        By executing this 401(k) plan Adoption Agreement (the "Agreement") under the American Funds Distributors, Inc. Prototype Plan, the Employer agrees to
establish or continue a 401(k) plan for its Employees. The 401(k) plan adopted by the Employer consists of the Basic Plan Document #02 (the "BPD") and the elections made under this Agreement
(collectively referred to as the "Plan"). A Related Employer may jointly co-sponsor the Plan by signing a Co-Sponsor Adoption Page, which is attached to this Agreement. (See
Section 22.164 of the BPD for the definition of a Related Employer.) This Plan is effective as of the Effective Date identified on the Signature Page of this
Agreement.

	1.
	Employer Information

	a.
	Name and address of Employer executing the Signature Page of this Agreement:    Allegiant Air, LLC 3301 N. Buffalo Drive,
Suite B-9 Las Vegas, Nevada 89129

	b.
	Employer Identification Number (EIN) for the Employer:    20-0808621

	c.
	Business entity of Employer (optional):

	o(1)
	C-Corporation

	o(2)
	S-Corporation

	ý(3)
	Limited
Liability Corporation

	o(4)
	Sole
Proprietorship

	o(5)
	Partnership

	o(6)
	Limited
Liability Partnership

	o(7)
	Government

	o(8)
	Other

	d.
	Last day of Employer's taxable year (optional):    December 31

	e.
	Does the Employer have any Related Employers (as defined in Section 22.164 of the BPD)?

	ý(1)
	Yes

	o(2)
	No

	f.
	If c. is yes, list the Related Employers (optional): 

Fresno
Jet Center 

CMS
Solutions 

[Note: All Related Employers must execute a Co-Sponsor Adoption Page. See Section 1.3 of the
BPD.] 

	2.
	Plan Information

	a.
	Name of Plan:    Allegiant Air 401(k) Retirement Plan

	b.
	Plan number (as identified on the Form 5500 series filing for the Plan):    001

	c.
	Trust identification number (optional): 

1

 

	d.
	Plan Year:    [Check (1) or (2) Selection (3) may be selected in
addition to (1) or (2) to identify a Short Plan Year.]

	ý(1)
	The
calendar year.

	o(2)
	The
12-consecutive month period ending      .

	o(3)
	The
Plan has a Short Plan Year beginning      and ending      .

	3.
	Types of Contributions

The
following types of contributions are authorized under this Plan. The selections made below should correspond with the selections made under Parts 4A, 4B, 4C, 4D and 4E of this Agreement. 

	ýa.
	Section 401(k) Deferrals (see Part 4A).

	ýb.
	Employer Matching Contributions (see Part 4B).

	oc.
	Employer Nonelective Contributions (see Part 4C).

	od.
	Safe Harbor Matching Contributions (see Part 4E, #27).

	oe.
	Safe Harbor Nonelective Contributions (see Part 4E, #28).

	of.
	None.    This Plan is a frozen Plan effective      (see
Section 2.1(d) of the BPD. 

 
 

Part I—Eligibility Conditions    
    
    (See Article 1 of the BPD)    

	4.
	Excluded Employees.    [Check a. or check b. and/or c. for those contributions the
Employer elects to make under Part 4 of this Agreement. See Section 1.2 of the BPD for rules regarding the determination of Excluded Employees for QNECs, QMACs and Safe Harbor
Contributions.] 

	 
	 	 
	 	(1)

§401(k)

Deferrals
	 	(2)

Employer

Match
	 	(3)

Employer

Nonelective
	 	 

	 	 	a.	 	o	 	o	 	o	 	Non excluded categories of Employees.
	

 	
 	

b.	
 	

ý	
 	

ý	
 	

o	
 	

Union Employees (see Section 22.202 of the BPD).
	

 	
 	

c.	
 	

ý	
 	

ý	
 	

o	
 	

Nonresident Alien Employees (see Section 22.124 of the BPD)

	5.
	Minimum age and service conditions for becoming an Eligible Participant. [Check a. or check b,
and/or any one of c. - e. for those contributions the Employer elects to make under Part 4 of this Agreement. See Section 1.4 of the BPD for the application of the minimum age and
service conditions  

2

 

 for purposes of QNECs, QMACs and Safe Harbor Contributions. See Part 7 of this Agreement for special service crediting rules.] 

	 
	 	 
	 	(1)

§401(k)

Deferrals
	 	(2)

Employer

Match
	 	(3)

Employer

Nonelective
	 	 

	 	 	a.	 	o	 	o	 	o	 	None (conditions are met on Employment Commencement Date).
	

 	
 	

b.	
 	

ý	
 	

ý	
 	

o	
 	

Age 18 (cannot exceed age 21).
	

 	
 	

c.	
 	

o	
 	

o	
 	

o	
 	

One Year of Service.
	

 	
 	

d.	
 	

ý	
 	

ý	
 	

o	
 	

1 consecutive months (not more than 12) during which the Employee completes at least      Hours of Service (cannot exceed 1,000). If an Employee does not satisfy this requirement in the first designated period of months
following his/her Employment Commencement Date, such Employee will be deemed to satisfy this condition upon completing a Year of Service (as defined in Section 1.4(b) of the BPD).
	

 	
 	

e.	
 	

N/A	
 	

o	
 	

o	
 	

Two Years of Service. [Full and immediate vesting must be selected under Part 6 of this Agreement.]

	o6.
	Dual eligibility.    Any Employee (other than an Excluded Employee) who is
employed on the Effective Date of this Plan is deemed to be an Eligible Participant as of such date, without regard to any Entry Date selected under Part 2. See Section 1.4(d)(2) of the
BPD. [Note: If this #6 is not checked, the provisions of Section 1.4(d)(1) of the BPD apply.] 

 
 

Part 2—Commencement of Participation    
    
    (See Section 1.5 of the BPD)    

	7.
	Entry Date upon which participation begins after completing minimum age and service conditions under Part 1, #5
above.    [Check one of a. - e. for those contributions the Employer elects to make under Part 4 of this Agreement. See
Section 1.5 of the BPD for determining the Entry Date applicable to QNECs, QMACs and Safe Harbor Contributions.] 

	 
	 	 
	 	(1)

§401(k)

Deferrals
	 	(2)

Employer

Match
	 	(3)

Employer

Nonelective
	 	 

	 	 	a.	 	o	 	o	 	o	 	The next following Entry Date (as defined in #8 below)
	

 	
 	

b.	
 	

ý	
 	

ý	
 	

o	
 	

The Entry Date (as defined in #8 below) coinciding with or next following the completion of the age and service conditions.
	

 	
 	

c.	
 	

N/A	
 	

o	
 	

o	
 	

The nearest Entry Date (as defined in #8 below).
	

 	
 	

d.	
 	

N/A	
 	

o	
 	

o	
 	

The preceding Entry Date (as defined in #8 below).
	

 	
 	

e.	
 	

o	
 	

o	
 	

o	
 	

The date the age and service conditions are satisfied. [Also check #8.f. below for the same type of contribution(s) checked here.]

3

 
	8.
	Definition of Entry Date.    [Check one of a. - f. for those contributions the Employer
elects to make under Part 4 of this Agreement. See Section 1.5 of the BPD for determining the Entry Date applicable to QNECs, QMACs and Safe Harbor
Contributions.] 

	 
	 	 
	 	(1)

§401(k)

Deferrals
	 	(2)

Employer

Match
	 	(3)

Employer

Nonelective
	 	 

	 	 	a.	 	o	 	o	 	o	 	The first day of the Plan Year and the first day of 7th month of the Plan Year.
	

 	
 	

b.	
 	

ý	
 	

ý	
 	

o	
 	

The first day of each quarter of the Plan Year.
	

 	
 	

c.	
 	

o	
 	

o	
 	

o	
 	

The first day of each month of the Plan Year.
	

 	
 	

d.	
 	

o	
 	

o	
 	

o	
 	

The first day of the Plan Year. [If #7.a. or #7.b. above is checked for the same type of contribution as checked here, see the restrictions in Section 1.5(b) of the BPD.]
	

 	
 	

e.	
 	

o	
 	

o	
 	

o	
 	

The first day of the Plan Year and the date which is six months after the completion of the requirements elected in Part 1, #5 above.
	

 	
 	

f.	
 	

o	
 	

o	
 	

o	
 	

The date the conditions in Part 1, #5 above are satisfied. [This f. should be checked for a particular type of contribution only if #7.c above is also checked for that type of contribution.]

 
 

Part 3—Compensation Definitions    
    
    (See Sections 22.102 and 22.197 of the BPD)    

	9.
	Definition of Total Compensation:

	oa.
	W-2
Wages.

	ýb.
	Withholding
Wages.

	oc.
	Code
§415 Safe Harbor Compensation. 

[Note: Each of the above definitions is increased for Elective Deferrals (as defined in Section 22.61 of the BPD), for
pre-tax contributions to a cafeteria plan or a Code §457 plan, and for qualified transportation fringes under Code §132(f)(4). See Section 22.197 of the
BPD.] 

	10.
	Definition of Included Compensation for allocation of contributions or
forfeitures:    [Check a. or b. for those contributions the Employer elects under Part 4 of this Agreement. If b. is selected for a particular
contribution, also check any combination of c. through f. for that type of contribution. See  

4

 

 Section 22.102 of the BPD for determining Included Compensation for QNECs, QMACs and Safe Harbor Contributions.] 

	 
	 	 
	 	(1)

§401(k)

Deferrals
	 	(2)

Employer

Match
	 	(3)

Employer

Nonelective
	 	 
	 	 

	 	 	a.	 	ý	 	ý	 	o	 	Total Compensation, as defined in #9 above.
	

 	
 	

b.	
 	

o	
 	

o	
 	

o	
 	

Total Compensation, as defined in #9 above, with the following exclusions:
	

 	
 	

c.	
 	

N/A	
 	

o	
 	

o	
 	

 	
 	

Elective Deferrals, pre-tax contributions to a cafeteria plan or a Code §457 plan, and qualified transportation fringes under Code §132(f)(4) are excluded. See Section 22.102 of the BPD.
	

 	
 	

d.	
 	

o	
 	

o	
 	

o	
 	

 	
 	

Fringe benefits, expense reimbursements, deferred compensation, and welfare benefits are excluded.
	

 	
 	

e.	
 	

o	
 	

o	
 	

o	
 	

 	
 	

Compensation above $      is excluded.
	

 	
 	

f.	
 	

o	
 	

o	
 	

o	
 	

 	
 	

(Describe modifications to Included Compensation):

[Note: The definition of Included Compensation must satisfy the nondiscrimination requirements under Code §414(s) and the
regulations thereunder. Therefore, any exclusion from Included Compensation under f. will apply only to Highly Compensated Employees.] 

	11.
	Definition applies to all Employees.    Any exclusions elected under #10.c. through #10.e. above apply uniformly to all
Employees of the Employer. 

 
 

Part 4A—Section 401(k) Deferrals    
    
    (See Section 2.3(a) of the BPD)    

	ý
	Check this selection and complete the applicable sections of this Part 4A to allow for Section 401(k)
Deferrals under the Plan.

	ý12.
	Section 401(k) Deferral limit.    18% of Included Compensation.
[If this #12 is not checked, the Code §402(g) deferral limit described in Section 17.1 of the BPD and the Annual Additions Limitation under
Article 7 of the BPD still apply.]

	ýa.
	Applicable period.    The limitation selected under #12 applies with respect to
included Compensation earned during:

	ý(1)
	the
Plan Year.

	o(2)
	the
portion of the Plan Year in which the Employee is an Eligible Participant.

	o(3)
	each
separate payroll period during which the Employee is an Eligible Participant.

	ob.
	Limit applicable only to Highly Compensated
Employees.    [If this b. is not checked, any limitation selected under #12 applies to all Eligible
Participants.]

	o(1)
	The
limitation selected under #12 applies only to Highly Compensated Employees.

	o(2)
	The
limitation selected under #12 applies only to Nonhighly Compensated Employees. Highly Compensated may defer up to      % of
Included Compensation (as determined under a. above). [The percentage inserted in this (2) for Highly Compensated Employees must be lower than the percentage
inserted in #12 for Nonhighly Compensated Employees.] 

5

  

	ý13.
	Minimum deferral rate:    [If this #13 is
not checked, no minimum deferral rate applies to Section 401(k) Deferrals under the Plan.]

	ýa.
	1%
of Included Compensation for a payroll period.

	ob.
	$      for
a payroll period.

	o14.
	Automatic deferral election.    (See Section 2.3(a)(2) of the BPD.) An
Eligible Participant will automatically defer      % of Included Compensation for each payroll period, unless the Eligible Participant makes a contrary Salary Reduction Agreement election on
or after      . This automatic deferral election will apply to:

	oa.
	all
Eligible Participants.

	ob.
	only
those Employees who become Eligible Participants on or after the following date:

	o15.
	Effective Date.    If this Plan is being adopted as a new 401(k) plan or to
add a 401(k) feature to an existing plan, Eligible Participants may begin making Section 401(k) Deferrals as of: 

 
 

Part 4 B—Employer Matching Contributions    
    
    (See Sections 2.3(b) and (c) of the BPD)    

	ý
	Check this selection and complete this Part 4B to allow for Employer Matching
Contributions.    [Note: Do not check this selection if the  only Employer Matching Contributions
authorized under the Plan are Safe Harbor Matching Contributions. Instead, complete the applicable elections under
Part 4E of this Agreement. If a "regular" Employer Matching Contribution will be made in addition to a Safe Harbor Matching Contribution, complete this Part 4B for the "regular" Employer
Matching Contribution and Part 4E for the Safe Harbor Matching Contribution. To avoid ACP Testing with respect to any "regular" Employer Matching Contributions, such contributions may not be
based on applicable contributions in excess of 6% of Included Compensation and any discretionary "regular" Employer Matching Contributions may not exceed 4% of Included
Compensation.]

	16.
	Employer Matching Contribution Formula(s):    [See the operating rules under #17
below.]

	ýa.
	Fixed matching contribution.    50% of each Eligible Participant's
Section 401(k) Deferrals. The Employer Matching Contribution does not apply to Section 401(k) Deferrals that exceed:

	ý(1)
	6%
of Included Compensation.

	o(2)
	$      .

[Note: If neither (1) nor (2) is checked, all Section 401(k) Deferrals are eligible for the Employer Matching
Contribution under this formula.] 

	ob.
	Discretionary matching contribution.    A uniform percentage, as determined by
the Employer, of each Eligible Participant's Section 401(k) Deferrals.

	o(1)
	The
Employer Matching Contribution allocated to any Eligible Participant may not exceed      % of Included Compensation.

	o(2)
	The
Employer Matching Contribution will apply only to a Participant's Section 401(k) Deferrals that do not exceed:

	o(a)
	      %
of Included Compensation.

	o(b)
	$      .

6

 

	o(c)
	a
dollar amount or percentage of Included Compensation that is uniformly determined by the Employer for all Eligible Participants. 

[Note: If none of the selections (a) through (c) is checked, all Section 401(k) Deferrals are eligible for the Employer
Matching Contribution under this formula.] 

	oc.
	Tiered matching contribution.    A uniform percentage of each tier of each
Eligible Participant's Section 401(k) Deferrals, determined as follows: 

	Tiers of contributions
	 	Matching percentage

	(indicate $ or %)
 
	 	 

	(1)    First	 	(2)
	

(3)    Next	
 	

(4)
	

(5)    Next	
 	

(6)
	

(7)    Next	
 	

(8)

[Note: Fill in only percentages or dollar amounts, but not both. If percentages are used, each tier represents the amount of the
Participant's Section 401(k) Deferrals that equals the specified percentage of the Participant's Included Compensation. The matching percentage for any tier may not be greater than the matching
percentage for any earlier tier.] 

	od.
	Net Profits.    Any Employer Matching Contributions made in accordance with the
elections under this #16 are limited to Net Profits. [If this d. is checked, also select (1) or (2) below.]

	o(1)
	Default definition of Net Profits.    For purposes of this selection d., Net
Profits is defined in accordance with Section 2.2 (a)(2) of the BPD.

	o(2)
	Modified definition of Net Profits.    For purposes of this selection d., Net
Profits is defined as follows: 

[Note: Any definition of Net Profits under this (2) must be described in a manner that precludes Employer discretion and must satisfy
the nondiscrimination requirements of §1.401(a)(4) of the regulations and must apply uniformly to all Participants.] 

	17.
	Operating rules for applying the matching contribution formulas:

	a.
	Section 401(k) Deferrals taken into account:    (See Section 2.3(b)(3) of the BPD.) The matching contribution
formula(s) elected in #16 above (and any limitations on the amount of a Participant's Section 401(k) Deferrals considered under such formula(s)) are applied separately for each:

	o(1)
	Plan
Year.

	o(2)
	Plan
Year quarter.

	o(3)
	calendar
month.

	ý(4)
	payroll
period.

	b.
	Special rule for partial period of participation.    If an Employee is an Eligible Participant for only part of the period
designated in a. above, included Compensation is taken into account for:

	o(1)
	the
entire period, including the portion of the period during which the Employee is not an Eligible Participant.

	ý(2)
	the
portion of the period in which the Employee is an Eligible Participant. 

7

 

	o(3)
	the
portion of the period during which the Employee's election to make the Section 401(k) Deferrals is in effect.

	o18.
	Qualified Matching Contributions
(QMACs):    [Note: Regardless of any elections under this #18, the Employer may make a QMAC to the Plan to
correct a failed ADP or ACP Test, as authorized under Sections 17.2(d)(2) and 17.3(d)(2) of the BPD. Any QMAC allocated to correct the ADP or ACP Test which is not specifically authorized under this
#18 will be allocated to all Eligible Participants who are Nonhighly Compensated Employees as a uniform percentage of Section 401(k) Deferrals made during the Plan Year. See
Section 2.3(c) of the BPD.]

	oa.
	All
Employer Matching Contributions are designated as QMACs.

	ob.
	Only
Employer Matching Contributions described in Section(s)       under #16 above are designated as QMACs.

	oc.
	In
addition to any Employer Matching Contribution provided under #16 above, the Employer may make a discretionary  QMAC that is allocated equally as a percentage of Section 401(k) Deferrals made during
the Plan Year. The Employer may allocate QMACs only on Section 401(k)
Deferrals that do not exceed a specific dollar amount or a percentage of Included Compensation that is uniformly determined by the Employer. QMACs will be allocated to:

	o(1)
	Eligible
Participants who are Nonhighly Compensated Employees.

	o(2)
	all
Eligible Participants.

	19.
	Allocation conditions.    An Eligible Participant must satisfy the following allocation conditions for an Employer Matching
Contribution: [Check a. or b. Selection c. and/or d. may be checked in addition to b.]

	ýa.
	None.

	ob.
	Safe harbor allocation condition.    An Employee must be employed by the Employer
on the last day of the Plan Year OR must have more than      (not more than 500) Hours of Service for the Plan Year.

	oc.
	Application to a specified period.    In applying the allocation condition under
b., the allocation condition will be based on the period designated under #17. a., above. [This c. should be checked only if a period other than the Plan Year is
selected under #17.a. above.] 

[Practitioner Note: If this c. is not checked, the allocation condition selected under b. above will apply with respect to the Plan Year,
regardless of the period selected under #17.a. above. Sec Section 2.6(e)(3) of the BPD for procedural rules for applying allocation conditions for a period other than the Plan
Year.] 

	od.
	The
allocation condition described in b. will not apply if:

	o(1)
	the
Participant dies during the Plan Year.

	o(2)
	the
Participant is Disabled.

	o(3)
	the
Participant, by the end of the Plan Year, has reached:

	o(a)
	Normal
Retirement Age.

	o(b)
	Early
Retirement Age. 

8

 

 
 

Part 4C—Employer Nonelective Contributions    
    
    (See Section 2.3(d) and (e) of the BPD)    

	o
	Check this selection and complete this Part 4C to allow for Employer Nonelective
Contributions.    [Note: Do not check this selection if the  only Employer Nonelective Contributions
authorized under the Plan are Safe Harbor Nonelective Contributions. Instead, complete the applicable elections
under Part 4E of this Agreement.]

	o20.
	Employer Nonelective Contribution (other than QNECs):

	oa.
	Discretionary.    Discretionary with the Employer.

	ob.
	Fixed uniform percentage.          % of each Eligible Participant's
included Compensation.

	oc.
	Uniform dollar amount.

	o(1)
	A
uniform discretionary dollar amount for each Eligible Participant.

	o(2)
	$      for
each Eligible Participant.

	od.
	Net Profits.    Check this d. if the contribution selected above is limited to
Net Profits. [If this d. is checked also select (1) or (2) below.]

	o(1)
	Default definition of Net Profits.    For purposes of this subsection d. Net
Profits is defined in accordance with Section 22(a)(2) of the BPD.

	o(2)
	Modified definition of Net Profits.    For purposes of this subsection d. Net
Profits is defined as follows: 

[Note: Any definition for Net Profits under this (2) must be described in a manner that precludes Employer discretion, must satisfy
the nondiscrimination requirements of §1.401(a)(4) of the regulations, and must apply uniformly to all Participants.] 

	o21.
	Allocation formula for Employer Nonelective Contributions (other than
QNECs):    (See Section 2.3(d) of the BPD.)

	oa.
	Pro Rate Allocation Method.    The allocation for each Eligible Participant is
a uniform percentage of Included Compensation (or a uniform dollar amount if #20.c. is selected above).

	ob.
	Permitted Disparity Method.    The allocation for each Eligible Participant is
determined under the following formula: [Selection #20.a. above must also be checked.]

	o(1)
	Two-Step
Formula.

	o(2)
	Four-Step
Formula.

	oc.
	Top-heavy minimum contribution.    In applying the Top Heavy Plan
requirements under Article 16 of the BPD, the top-heavy minimum contribution will be allocated to all Eligible Participants, in accordance with Section 16.2(a) of the BPD.  [Note: If this c, is not checked, any top-heavy minimum contribution will be allocated only to
Non-Key Employees, in accordance with Section 16.2(n) of the BPD.]

	o22.
	Qualified Nonelective Contribution (QNEC).    The Employer may make a
discretionary QNEC that is allocated under the following method. [Note: Regardless of any elections under this #22, the Employer may make a
QNEC to the Plan to correct a failed ADP or ACP Test, as authorized under Sections 17.2(d)(2) and 17.3(d)(2) of the BPD. Any QNEC allocated to correct the ADP or ACP Test which is not specifically
authorized under this #22 will be allocated as a uniform percentage of  

9

 

 Included Compensation to all Eligible Participants who are Nonhighly Compensated Employees. See Section 2.3(e) of the BPD.] 

	oa.
	Pro Rata Allocation Method.    (See Section 2.3(e)(1) of the BPD.) The
QNEC will be allocated as a uniform percentage of Included Compensation to:

	o(1)
	all
Eligible Participants who are Nonhighly Compensated Employees.

	o(2)
	all
Eligible Participants.

	ob.
	Bottom-up QNEC method.    The QNEC will be allocated to Eligible
Participants who are Nonhighly Compensated Employees in reverse order of Included Compensation. (See Section 2.3(c)(2) of the BPD.)

	oc.
	Application of allocation conditions.    If this c. is checked, QNECs will be
allocated only to Eligible Participants who have satisfied the allocation conditions under #24 below. [If this c. is not checked, QNECs will be allocated without
regard to the allocation conditions under #24 below.]

	23.
	Operating rules for determining amount of Employer Nonelective Contributions.

	a.
	Special rules regarding Included Compensation.

	(1)
	Applicable period for determining Included Compensation.    In determining the amount of Employer Nonelective Contributions to
be allocated to an Eligible Participant under this Part 4C, Included Compensation is determined separately for each: [If #21.b. above is checked, the Plan
Year must be selected under (a) below.]

	o(a)
	Plan
Year.

	o(b)
	Plan
Year quarter.

	o(c)
	calendar
month

	o(d)
	payroll
period.

	o(2)
	Special rule for partial period of participation.    If an Employee is an
Eligible Participant for only part of the period designated under (1) above, Included Compensation is taken into account for the entire period, including the portion of the period during which
the Employee is not an Eligible Participant. [If this selection (2) is not checked, Included Compensation is taken into account only for the portion of the
period during which the Employee is an Eligible Participant.]

	ob.
	Special rules for applying the Permitted Disparity
Method.    [Complete this b. only if #21.b. above is also checked.]

	o(1)
	Application of Four-Step Formula for Top-Heavy
Plans.    If this (1) is checked, the Four-Step Formula applies instead of the Two-Step Formula for any Plan Year in which the Plan is a
Top-Heavy Plan. [This (1) may only be checked if #21.b.(1) above is also checked.]

	o(2)
	Excess Compensation under the Permitted Disparity Method is the amount of Included
Compensation that exceeds:    [If this selection (2) is not checked. Excess Compensation under the Permitted Disparity
Method is the amount of Included Compensation that exceeds the Taxable Wage Base.]

	o(a)
	      %
(may not exceed 100%) of the Taxable Wage Base.

	o1.
	The
amount determined under (a) is not rounded. 

10

 

	o2.
	The
amount determined under (a) is rounded (but not above the Taxable Wage Base) to the next higher.

	oa.
	$1.

	ob.
	$100.

	oc.
	$1,000.

	o(b)
	                        (may
not exceed the Taxable Wage Base). 

[Note: The maximum integration percentage of 5.7% must be reduced to (i) 5.4% if Excess Compensation is based on an amount that is
greater than 80% but less than 100% of the Taxable Wage Base or (ii) 4.3% if Excess Compensation is based on an amount that is greater than 20% but less than or equal to 80% of the Taxable Wage
Base. See Section 2.2(b)(2) of the BPD.] 

	24.
	Allocation conditions.    An Eligible Participant must satisfy the following allocation conditions for an Employer
Nonelective Contribution: [Check a. or b. Selection c. and/or d. may be checked in addition to b.]

	oa.
	None.

	ob.
	Safe harbor allocation condition.    An employee must be employed by the
Employee on the last day of the Plan Year OR must have more than      (not more than 500) Hours of Service for the Plan Year.

	oc.
	Application to a specified period.    In applying the allocation designated
under b., the allocation condition will be based on the period designated under #23.a.(1) above [This c. should be checked only if a period other than the
Plan Year is selected under #23.a.(1) above.] 

[Practitioner Note: if this c. is not checked, any allocation condition(s) selected under b. above will apply with respect to the Plan Year,
regardless of the period selected under #23.a (1) above. See Section 2.6(e)(3) of the BPD for procedural rules for applying allocation conditions for a period other than the Plan
Year.] 

	od.
	The
allocation condition described in b. will not apply if:

	o(1)
	the
Participant dies during the Plan Year.

	o(2)
	the
Participant is Disabled.

	o(3)
	the
Participant, by the end of the Plan Year, has reached:

	o(a)
	Normal
Retirement Age.

	o(b)
	Early
Retirement Age. 

 
 

Part 4D—Employee After-Tax Contributions    
    
    (See Section 3.1 of the BPD)    

	25.
	No Employee After Tax Contributions.    This Standardized Agreement does not permit Employee After-Tax
Contributions.

	26.
	Restated Plans.    If this plan is being restated by the Agreement, and prior to execution of the Agreement the Plan
permitted Employee. After-Tax Contributions, the right to make Employee After-Tax Contributions is discontinued as of the later of this adoption date or Effective Date of the
restatement (unless a special Effective Date is specified under Appendix A of this Agreement). 

11

 
 
 

Part 4E—Safe Harbor 401(k) Plan Election    
    
    (See Section 17.6 of the BPD)    

	o
	Check this selection and complete this Part 4E if the Plan is designed to be a Safe Harbor 401(k)
Plan.

	o27.
	Safe Harbor Matching Contribution:    The Employer will make an Employer
Matching Contribution with respect to an Eligible Participant's Section 401(k) Deferrals under the following formula: [Complete selection a, or b. In
addition, complete selection c.]

	oa.
	Basic formula:    100% of Section 401(k) Deferrals up to the first 3% of
Included Compensation, plus 50% of Section 401(k) Deferrals up to the next 2% of Included Compensation.

	ob.
	Enhanced formula:

	o(1)
	      %
(not less than 100%) of Section 401(k) Deferrals up to      % of Included Compensation
(not less than 4% and not more than 6%).

	o(2)
	The
sum of: [The contributions under this (2) must not be less than the contributions that
would be calculated under a, at each level of Section 401(k) Deferrals.] 

o(a)          %
of Section 401(k) Deferrals up to the first Compensation, plus 

    (b)          % of Included 

o(c)          %
of Section 401(k) Deferrals up to the next Compensation. 

    (d)          % of Included 

[Note. The percentage in (c) may not be greater than the percentage in (a). In addition, the sum of the percentages in (b) and
(d) may not exceed 6%.] 

	c.
	Section 401(k) Deferrals taken into account:    (See Section 17.6(a)(1)(i) of the BPD.) The Safe Harbor
Matching Contribution formula elected in a. or b. above (and any limitations on the amount of a Participant's Section 401(k) Deferrals considered under such formula(s)) are applied separately
for each:

	o(1)
	Plan
Year.

	o(2)
	Plan
Year quarter.

	o(3)
	calendar
month.

	o(4)
	payroll
period.

	o28.
	Safe Harbor Nonelective Contribution:          % (no less than 3%) of
Included Compensation.

	oa.
	Check
this selection if the Employer will make this Safe Harbor Nonelective Contribution pursuant to a supplemental notice as described
in Section 17.6(a)(1)(ii) of the BPD. If this a. is checked, the Safe Harbor Nonelective Contribution will be required only for a Plan Year for which the appropriate supplemental notice
is provided. For any Plan Year in which the supplemental notice is not provided, the Plan is not a Safe Harbor 401(k) Plan.

	ob.
	Check
this selection to provide the Employer with the discretion to increase the above percentage to a higher percentage.

	oc.
	Check
this selection if the Safe Harbor Nonelective Contribution will be made under another Paired Plan maintained by the Employer and
identify the Paired Plan:

	od.
	Check
this d. if the Safe Harbor Nonelective Contribution offsets the allocation that would otherwise be made to the Participant under
Part 4C, #21 above. If the Permitted Disparity 

12

 

Method
is elected under Part 4C, #21.b., this offset applies only to the second step of the Two-Step Formula or the fourth step of the Four-Step Formula, as applicable. 

	o29.
	Special rule for partial period of participation.    If an Employee is an
Eligible Participant for only part of a Plan Year, Included Compensation is taken into account for the entire Plan Year, including the portion of the Plan Year during which the Employee is not an
Eligible Participant. [If this #29 is not checked, Included Compensation is taken into account only for the portion of the Plan Year in which the Employee is an
Eligible Participant.]

	30.
	Eligible Participant.    For purposes of the Safe Harbor Contributions elected above, "Eligible Participant" means:
[Check a., b. or c. Selection d. may be checked in addition to a., b. or c.]

	oa.
	All
Eligible Participants (as determined for Section 401(k) Deferrals).

	ob.
	All
Nonhighly Compensated Employees who are Eligible Participants (as determined for Section 401(k) Deferrals).

	oc.
	All
Nonhighly Compensated Employees who are Eligible Participants (as Determined for Section 401(k) Deferrals) and all Highly
Compensated Employees who are Eligible Participants (as determined for Section 401(k) Deferrals) but who are not Key Employees.

	od.
	Check
this d. if the selection under a., b. or c., as applicable, applies only to Employees who would be Eligible Participants for any
portion of the Plan Year if the eligibility conditions released for Section 401(k) Deferrals in Part I, #5 of this Agreement were one Year of Service and age 21. (See
Section 17.6(a)(I) of the BPD.) 

 
 

Part 4F—Special 401(k) Plan Elections    
    
    (See Article 17 of the BPD)    

	31.
	ADP/ACP testing method.    In performing the ADP and ACP tests, the Employer will use the following method: (See Sections
17.2 and 17.3 of the BPD for an explanation of the ADP/ACP testing methods.)

	oa.
	Prior
Year Testing Method.

	ob.
	Current
Year Testing Method. 

[Practitioner Note: If this Plan is intended to be a Safe-Harbor 401(k) Plan under Part 4E above, the Current Year
Testing Method must be elected under b. See Section 17.6 of the BPD.] 

	o32.
	First Plan Year for Section 401(k) Deferrals.    (See
Section 17.2(b) of the BPD.) Check this selection if this Agreement covers the first Plan Year that the Plan permits Section 401(k) Deferrals. The ADP for the Nonhighly Compensated
Employee Group for such first Plan Year is determined under the following method:

	oa.
	the
Prior Year Testing Method, assuming a 3% deferral percentage for the Nonhighly Compensated Employee Group.

	ob.
	the
Current Year Testing Method using the actual deferral percentages of the Nonhighly Compensated Employee Group.

	o33.
	First Plan Year for Employer Matching Contributions.    (See
Section 17.3(b) of the BPD.) Check this selection if this Agreement covers the first Plan Year that the Plan includes an Employer Matching Contribution formula. The ACP for the Nonhighly
Compensated Employee Group for such first Plan Year is determined under the following method:

	oa.
	the
Prior Year Testing Method, assuming a 3% contribution percentage for the Nonhighly Compensated Employee Group.

	ob.
	the
Current Year Testing Method using the actual contribution percentages of the Nonhighly Compensated Employee Group. 

13

  

 
 

Part 5—Retirement Ages    
    
    (See Sections 22.57 and 22.126 of the BPD)    

	34.
	Normal Retirement Age:

	ýa.
	Age
65 (not to exceed 65).

	ob.
	The
later of (1) age       (not to exceed 65) or (2) the      (not to exceed 5th)
anniversary of the date the Employee commenced participation in the Plan.

	35.
	Early Retirement Age:    [Check a or check b. and/or
c.]

	ýa.
	Not
applicable.

	ob.
	Age      .

	oc.
	Completion
of      Years of Service, determined as follows:

	o(1)
	Same
as for eligibility.

	o(2)
	Same
as for vesting. 

 
 

Part 6—Vesting Rules    
    
    (See Article 4 of the BPD)    

	•
	Complete this Part 6 only if the Employer has elected to make Employer Matching Contributions under Part 4B
or Employer Nonelective Contributions under Part 4C, Section 401(k) Deferrals, Employee After-Tax Contributions, QMACs, QNECs. Safe Harbor Contributions, and Rollover
Contributions are always 100% vested. (See Section 4.2 of the BPD for the definitions of the various vesting schedules.)

	36.
	Normal vesting schedule:    [Check one of a. - f. for those contributions the
Employer elects to make under Part 4 of this Agreement.] 

	 
	 	 
	 	(1)

Employer

Match
	 	(2)

Employer

Nonelective
	 	 

	 	 	a.	 	o	 	o	 	Full and immediate vesting.
	

 	
 	

b.	
 	

o	
 	

o	
 	

7-year graded vesting schedule.
	

 	
 	

c.	
 	

o	
 	

o	
 	

6-year graded vesting schedule.
	

 	
 	

d.	
 	

o	
 	

o	
 	

5-year cliff vesting schedule.
	

 	
 	

e.	
 	

o	
 	

o	
 	

3-year cliff vesting schedule.
	

 	
 	

f.	
 	

ý	
 	

o	
 	

Modified vesting schedule:
	

 	
 	

 	
 	

 	
 	

 	
 	

(1) 20% after 1 Year of Service
	

 	
 	

 	
 	

 	
 	

 	
 	

(2) 40% after 2 Years of Service
	

 	
 	

 	
 	

 	
 	

 	
 	

(3) 60% after 3 Years of Service
	

 	
 	

 	
 	

 	
 	

 	
 	

(4) 80% after 4 Years of Service
	

 	
 	

 	
 	

 	
 	

 	
 	

(5) 100% after 5 Years of Service
	

 	
 	

 	
 	

 	
 	

 	
 	

(6) 100% after 6 Years of Service, and
	

 	
 	

 	
 	

 	
 	

 	
 	

(7) 100% after 7 Years of Service.
	 	 	 	 	 	 	 	 	 

14

 

	

 	
 	

 	
 	

 	
 	

 	
 	

[Note: The percentages selected under the modified vesting schedule must not be less than the percentages that would be required under the 7-year graded vesting schedule, unless 100% vesting
occurs after no more than 5 Years of Service.]

	37.
	Vesting schedule when Plan is top-heavy:    [Check one of a. - d. for those
contributions the Employer elects to make under Part 4 of this Agreement.] 

	 
	 	 
	 	(1)

Employer

Match
	 	(2)

Employer

Nonelective
	 	 

	 	 	a.	 	o	 	o	 	Full and immediate vesting.
	

 	
 	

b.	
 	

o	
 	

o	
 	

6-year graded vesting schedule.
	

 	
 	

c.	
 	

o	
 	

o	
 	

3-year cliff vesting schedule.
	

 	
 	

d.	
 	

ý	
 	

o	
 	

Modified vesting schedule:
	

 	
 	

 	
 	

 	
 	

 	
 	

(1) 20% after 1 Year of Service
	

 	
 	

 	
 	

 	
 	

 	
 	

(2) 40% after 2 Years of Service
	

 	
 	

 	
 	

 	
 	

 	
 	

(3) 60% after 3 Years of Service
	

 	
 	

 	
 	

 	
 	

 	
 	

(4) 80% after 4 Years of Service
	

 	
 	

 	
 	

 	
 	

 	
 	

(5) 100% after 5 Years of Service, and
	

 	
 	

 	
 	

 	
 	

 	
 	

(6) 100% after 6 Years of Service.
	

 	
 	

 	
 	

 	
 	

 	
 	

[Note: The percentages selected under the modified vesting schedule must not be less than the percentages that would be required under the 6-year graded vesting schedule, unless 100% vesting
occurs after no more than 3 Years of Service.]

	ý38.
	Service excluded under the above vesting schedule(s):

	ýa.
	Service
before the original Effective Date of this Plan. (See Section 4.5(b)(1) of the BPD for rules that require service under a
Predecessor Plan to be counted.)

	ob.
	Years
of Service completed before the Employee's      birthday (cannot exceed the 18th birthday).

	ý39.
	Special 100% vesting.    An Employee's vesting percentage increases to 100%
if, while employed with the Employer, the Employee:

	ýa.
	dies.

	ýb.
	becomes
Disabled (as defined in Section 22.53 of the BPD).

	oc.
	reaches
Early Retirement Age (as defined in Part 5, #35 above).

	40.
	Uniform application.    The vesting schedules elected under #36 and #37 above apply uniformly to all Employees of the
Employer. 

15

 
 
 

Part 7—Special Service Crediting Rules    
    
    (See Article 6 of the BPD)    

        If no minimum service requirement applies under Part I, #5 of this Agreement and all contributions are 100% vested under Part 6, skip this
Part 7.

	•
	Year of Service—Eligibility.    1,000 Hours of Service during an
Eligibility Computation Period. Hours of Service are calculated using the Actual Hours Crediting Method. [To modify, complete #41
below.]

	•
	Eligibility Computation Period.    If one Year of Service is required for eligibility,
the Shift-to-Plan-Year Method is used. If two Years of Service are required for eligibility, the Anniversary Year Method is used.
[To modify, complete #42 below.]

	•
	Year of Service—Vesting.    1,000 Hours of Service during a Vesting
Computation Period. Hours of Service are calculated using the Actual Hours Crediting Method. [To modify, complete #43 below.]

	•
	Vesting Computation Period.    The Plan Year. [To
modify, complete #44 below.]

	•
	Break in Service Rules.    The Rule of Parity Break in Service rule applies for both
eligibility and vesting. [To modify, complete #45 below.]

	ý41.
	Alternative definition of Year of Service for eligibility.

	oa.
	A
Year of Service is      Hours of Service (may not exceed 1,000) during an Eligibility Computation Period.

	ýb.
	Use
the Equivalency Method (as defined in Section 6.5(a) of the BPD) to count Hours of Service. If this b. is checked, each
Employee will be credited with 190 Hours of Service for each calendar month for which the Employee completes at least one Hour of Service, unless a different Equivalency Method is selected under #46
below. The Equivalency Method applies to:

	ý(1)
	All
Employees.

	o(2)
	Employees
who are not paid on an hourly basis. For hourly Employees, the Actual Hours Method will be used.

	oc.
	Use
the Elapsed Time Method instead of counting Hours of Service. (See Section 6.5(b) of the BPD.)

	o42.
	Alternative method for determining Eligibility Computation Periods.    (See
Section 1.4(c) of the BPD.)

	oa.
	One Year of Service eligibility.    Eligibility Computation Periods are
determined using the Anniversary Year Method instead of the Shift-to-Plan-Year Method.

	ob.
	Two Years of Service eligibility.    Eligibility Computation Periods are
determined using the Shift-to-Plan-Year Method instead of the Anniversary Year Method.

	ý43.
	Alternative definition of Year of Service for vesting.

	oa.
	A
Year of Service is            Hours of Service (may not exceed 1,000) during a Vesting Computation Period.

	ob.
	Use
the Equivalency Method (as defined in Section 6.5 (a) of the BPD) to count Hours of Service. If this b. is checked,
each Employee will be credited with 190 Hours of Service for each calendar month for which the Employee completes at least one Hour of Service, unless a 

16

 

different
Equivalency Method is selected under #46 below. The Equivalency Method applies to: 

	o(1)
	All
Employees.

	o(2)
	Employees
who are not paid on an hourly basis. For hourly Employees, the Actual Hours Method will be used.

	ýc.
	Use
the Elapsed Time Method instead of counting Hours of Service. (See Section 6.5(b) of the BPD.)

	ý44.
	Alternative method for determining Vesting Computation Periods. Instead of Plan Years, use
Anniversary Years. (See Section 4.4 of the BPD.)

	ý45.
	The Rule of Parity Break in Service rule does not apply for purposes of determining
eligibility or vesting under the Plan. [If this #45 is not checked, the Rule of Parity Break in Service Rule applies for purposes of eligibility and vesting. (See
Sections 1.6 and 4.6 of the BPD.)]

	o46.
	Special rules for applying Equivalency
Method.    [This #46 may only be checked if #41.b. and/or #43.b. is checked above.]

	oa.
	Alternative method. Instead of applying the Equivalency Method on the basis of months
worked, the following method will apply. (See Section 6.5(a) of the BPD.)

	o(1)
	Daily method.    Each Employee will be credited with
10 Hours of Service for each day worked.

	o(2)
	Weekly method.    Each Employee will be credited with 45 Hours of Service for
each week worked.

	o(3)
	Semi-monthly method.    Each Employee will be credited with 95
Hours of Service for each semi-monthly payroll period worked.

	ob.
	Application of special rules.    The alternative method elected in a. applies
for purposes of: [Check (1) and/or (2).]

	o(1)
	Eligibility.    [Check this (1) only if #42.b. is checked
above.]

	o(2)
	Vesting.    [Check this (2) only if #43.b. is checked
above.] 

 
 

Part 8—Allocation of Forfeitures    
    
    (See Article 5 of the BPD)    

	o
	Check this selection if ALL contributions under the Plan are 100% vested and skip this Part 8. (See
Section 5.5 of the BPD for the default forfeiture rules if no forfeiture allocation method is selected under this Part 8.)

	47.
	Timing of forfeiture allocations:

	 
	 	 
	 	(1)

Employer

Match
	 	(2)

Employer

Nonelective
	 	 

	 	 	a.	 	ý	 	o	 	in the same Plan Year in which the forfeitures occur.
	

 	
 	

b.	
 	

o	
 	

o	
 	

in the Plan Year following the Plan Year in which the forfeitures occur.

17

 
	48.
	Method of allocating forfeitures:    (See the operating rules in Section 5.5 of the BPD.) 

	 
	 	 
	 	(1)

Employer

Match
	 	(2)

Employer

Nonelective
	 	 

	 	 	a.	 	o	 	o	 	Reallocate as additional Employer Nonelective Contributions using the allocation method specified in Part 4C, #21 of this Agreement. If no allocation method is specified, use the Pro Rata Allocation Method under Part 4C,
#21.a. of this Agreement.
	

 	
 	

b.	
 	

o	
 	

o	
 	

Reallocate as additional Employer Matching Contributions using the discretionary allocation method in Part 4B, #16.b. of this Agreement.
	

 	
 	

c.	
 	

ý	
 	

o	
 	

Reduce the: [Check one or both.]
	

 	
 	

 	
 	

 	
 	

 	
 	

ý(a) Employer Matching Contributions
	

 	
 	

 	
 	

 	
 	

 	
 	

o(b) Employer Nonelective Contributions
	

 	
 	

 	
 	

 	
 	

 	
 	

the Employer would otherwise make for the Plan Year in which the forfeitures are allocated. [Note: If both (a) and (b) are checked, the Employer may adjust its contribution deposits
in any manner, provided the total Employer Matching Contributions and Employer Nonelective Contributions (as applicable) properly take into account the forfeitures used to reduce such contributions for that Plan Year.]

	ý49.
	Payment of Plan expenses.    Forfeitures are first used to pay Plan expenses
for the Plan Year in which the forfeitures are to be allocated. (See Section 5.5(c) of the BPD.) Any remaining forfeitures are allocated as provided in #48 above.

	o50.
	Modification of cash-out rules.    The Cash-Out
Distribution rules are modified in accordance with Sections 5.3(a)(1)(i)(C) and 5.3(a)(1)(ii)(C) of the BPD to allow for an immediate forfeiture, regardless of any additional allocations during the
Plan Year. 

 
 

Part 9—Distributions After Termination of Employment    
    
    (See Section 8.3 of the BPD)    

	•
	The elections in this Part 9 are subject to the operating rules in Articles 8 and 9 of the
BPD.

	51.
	Vested account balances in excess of $5,000.    Distribution is first available as soon as administratively feasible
following:

	ýa.
	the
Participant's employment termination date.

	ob.
	the
end of the Plan Year that contains the Participant's employment termination date.

	oc.
	the
first Valuation Date following the Participant's termination of employment.

	od.
	the
Participant's Normal Retirement Age (or Early Retirement Age, if applicable) or, if later, the Participant's employment termination
date.

	52.
	Vested account balances of $5,000 or less.    Distribution will be made in a lump sum as soon as administratively feasible
following:

	ýa.
	the
Participant's employment termination date.

	ob.
	the
end of the Plan Year that contains the Participant's employment termination date.

	oc.
	the
first Valuation Date following the Participant's termination of employment. 

18

  

	ý53.
	Disabled Participant.    A Disabled Participant (as defined in
Section 22.53 of the BPD) may request a distribution (if earlier than otherwise permitted under #51 or #52 (as applicable)) as soon as administratively feasible following:

	ýa.
	the
date the Participant becomes Disabled.

	ob.
	the
end of the Plan Year in which the Participant becomes Disabled.

	o54.
	Hardship withdrawals following termination of employment.    A terminated
Participant may request a Hardship withdrawal (as defined in Section 8.6 of the BPD) before the date selected in #51 or #52 above, as applicable.

	o55.
	Special operating rules.

	oa.
	Modification of Participant consent requirement.    A Participant must consent
to a distribution from the Plan, even if the Participant's vested Account Balance does not exceed $5,000. See Section 8.3(b) of the BPD. [Note:  If this a. is not checked, the involuntary
distribution rules under Section 8.3(b) of the BPD apply.]

	ob.
	Distribution upon attainment of Normal Retirement Age (or age 62, if
later).    A distribution from the Plan will be made without a Participant's consent if such Participant has terminated employment and has attained Normal Retirement
Age (or age 62, if later). See Section 8.7 of the BPD. 

19

 

 
 

Part 10—In-Service Distributions    
    
    (See Section 8.5 of the BPD)    

	•
	The elections in this Part 10 are subject to the operating rules in Articles 8 and 9 of the
BPD.

	56.
	Permitted in-service distribution events:    [Elections under the
§401(k) Deferrals column also apply to any QNECs, QMACs, and Safe Harbor Contributions]. 

	 
	 	 
	 	(1)

§401(k)

Deferrals
	 	(2)

Employer

Match
	 	(3)

Employer

Nonelective
	 	 

	 	 	a.	 	o	 	o	 	o	 	In-service distributions are not available.
	

 	
 	

b.	
 	

ý	
 	

ý	
 	

o	
 	

After age 591/2. [If earlier than age 591/2, age is deemed to be age 591/2 for Section 401(k) Deferrals if the selection is checked under that
column.]
	

 	
 	

c.	
 	

ý	
 	

ý	
 	

o	
 	

A safe harbor Hardship described in Section 8.6(a) of the BPD. [Note: Not applicable to QNECs, QMACs and Safe Harbor Contributions.]
	

 	
 	

d.	
 	

N/A	
 	

o	
 	

o	
 	

A Hardship described in Section 8.6(b) of the BPD.
	

 	
 	

e.	
 	

N/A	
 	

o	
 	

o	
 	

After the Participant has participated in the Plan for at least            years (cannot be less than 5 years).
	

 	
 	

f.	
 	

N/A	
 	

o	
 	

o	
 	

At any time with respect to the portion of the vested Account Balance derived from contributions accumulated in the Plan for at least 2 years.
	

 	
 	

g.	
 	

o	
 	

o	
 	

o	
 	

Upon a Participant becoming Disabled (as defined in Section 22.53).
	

 	
 	

h.	
 	

ý	
 	

ý	
 	

o	
 	

Attainment of Normal Retirement Age. [If earlier than age 591/2 age is deemed to be 591/2 for Section 401(k) Deferrals if the selection is checked under
that column.]
	

 	
 	

i.	
 	

N/A	
 	

o	
 	

o	
 	

Attainment of Early Retirement Age.

	o57.
	Limitations that apply to in-service distributions:

	oa.
	Available
only if the Account which is subject to withdrawal is 100% vested. (See Section 4.8 of the BPD for special vesting rules
if not checked.)

	ob.
	No
more than            In-service distribution(s) in a Plan Year.

	oc.
	The
minimum amount of any in-service distribution will be $                  (may not exceed $1,000). 

20

 

 
 

Part 11—Distribution Options    
    
    (See Section 8.1 of the BPD)    

	58.
	Optional forms of payment available upon termination of employment:

	ýa.
	Lump
sum distribution of entire vested Account Balance.

	ýb.
	Single
sum distribution of a portion of vested Account Balance.

	oc.
	Installments
for a specified term.

	od.
	Installments
for required minimum distributions only.

	oe.
	Annuity
payments (see Section 8.1 of the BPD). 

[Practitioner Note: A Participant may receive a distribution in any combination of the forms of payment selected in
a. - e.] 

	59.
	Application of the Qualified Joint and Survivor Annuity (QJSA) and Qualified Preretirement Survivor Annuity (QPSA)
provisions:    (See Article 9 of the BPD).

	ýa.
	Do not apply.    [Note:  The QJSA and QPSA provisions
automatically apply to any assets of the Plan that were received as a transfer from another plan that was subject to the QJSA and QPSA rules. If
this a. is checked, the QJSA and QPSA rules generally will apply only with respect to transferred assets or if distribution is made in the form of life annuity, See Section 9.1(b) of the
BPD.]

	ob.
	Apply, with the following
modifications:    [Check this b. to have all assets under the plan be subject to the QJSA and QPSA requirements. See Section 9.1(a) of the
BPD.]

	o(1)
	No Modifications.

	o(2)
	Modified QJSA benefit.    Instead of a 50% survivor benefit, the normal form
of the QJSA provides the following survivor benefit to the spouse:

	o(a)
	100%.

	o(b)
	75%.

	o(c)
	662/3%.

	o(3)
	Modified QPSA benefit.    Instead of a 50% QPSA benefit, the QPSA benefit is
100% of the Participant's vested Account Balance.

	oc.
	One-year marriage rule.    The one-year marriage rule under
Sections 8.4(c)(4) and 9.3 of the BPD applies. Under this rule a Participant's spouse will not be treated as a surviving spouse unless the Participant and spouse were married for at least one
year at the time of the participant's death. 

21

 

 
 

Part 12—Administrative Elections    
    

	•
	Use this Part 12 to identify administrative elections authorized by the BPD. These elections may be changed
without reexecuting this Agreement by substituting a replacement of this page with new elections. To the extent this Part 12 is not completed, the default provisions in the BPD
apply.

	60.
	Are Participant loans permitted? (See Article 14 of the BPD.)

	oa.
	No

	ýb.
	Yes

	o(1)
	Use
the default loan procedures under Article 14 of the BPD.

	ý(2)
	Use
a separate written loan policy to modify the default loan procedures under Article 14 of the BPD.

	61.
	Are Participants permitted to direct investments? (See Section 13.5(c) of the BPD.)

	oa.
	No

	ýb.
	Yes

	ý(1)
	Specify
Accounts:    All accounts

	o(2)
	Check
this selection if the Plan is intended to comply with ERISA §404(c). (See Section 13.5(c)(2) of the BPD.)

	62.
	Is any portion of the Plan daily valued? (See Section 13.2(b) of the BPD.)

	oa.
	No

	ýb.
	Yes.    Specify
Accounts and/or investment options: All accounts

	63.
	Is any portion of the Plan valued periodically (other than daily)? (See Section 13.2(a) of the BPD.)

	ýa.
	No

	ob.
	Yes

	o(1)
	Specify
Accounts and/or investment options:

	o(2)
	Specify
valuation date(s):

	o(3)
	The
following special allocation rules apply:    [if this (3) is not checked, the
Balance Forward Method under Section 13.4(a) of the BPD applies.]

	o(a)
	Weighted
average method.    (See Section 13.4(a)(2)(i) of the BPD.)

	o(b)
	Adjusted
percentage method, taking into account      % of contributions made during the valuation period. (See
Section 13.4(a)(2)(ii) of the BPD.)

	o(c)
	(Describe
allocation rules) 

[Practitioner Note: Any allocation rules described in (c) must be in accordance with a definite predetermined formula that is not
based on compensation, that satisfies the nondiscrimination requirements of §1.401(a)(4) of the regulations, and that is applied uniformly to all
Participants.] 

22

 

	64.
	Does the Plan accept Rollover Contributions? (See Section 3.2 of the BPD.)

	oa.
	No

	ýb.
	Yes

	65.
	Are life insurance investments permitted? (See Article 15 of the BPD.)

	ýa.
	No

	ob.
	Yes

	66.
	Do the default QDRO procedures under Section 11.5 of the BPD apply?

	oa.
	No

	ýb.
	Yes

	67.
	Do the default claims procedures under Section 11.6 of the BPD apply?

	oa.
	No

	ýb.
	Yes 

 
 

Part 13—Miscellaneous Elections    
    

	•
	The following elections override certain default provisions under the BPD and provide special rules for administering the
Plan. Complete the following elections to the extent they apply to the Plan.

	o68.
	Determination of Highly Compensated Employees.

	oa.
	The Top-Paid Group Test
applies.    [If this selection a. is not checked, the Top-Paid Group Test will not apply. See
Section 22.99(b)(4) of the BPD.]

	ob.
	The Calendar Year Election
applies.    [This selection b. may only be chosen if the Plan Year is not the calendar year. See Section 22.99(b)(5) of the
BPD.]

	o69.
	Special elections for applying the Annual Additions Limitation under Code
§415.

	oa.
	The Limitation Year is the 12-month period ending
            .    [If this selection a. is not checked, the Limitation Year is the same as the Plan
Year.]

	ob.
	Total Compensation includes imputed compensation for a terminated Participant who is permanently and totally
Disabled.    (See Section 7.4(g)(3) of the BPD.)

	oc.
	Operating rules.    Instead of the default provisions under Article 7 of
the BPD, the following rules apply:

	o70.
	Election to use Old-Law Required Beginning Date.    The
Old-Law Required Beginning Date (as defined in Section 10.3(a)(2) of the BPD) applies instead of the Required Beginning Date rules under Section 10.3(a)(1) of the BPD.

	o71.
	Service credited with Predecessor Employers:    (See Section 6.7 of the
BPD.)

	oa.
	(Identify
Predecessor Employers)

	ob.
	Service
is credited with these Predecessor Employers for the following purposes:

	o(1)
	The
eligibility service requirements elected in Part 1 of this Agreement.

	o(2)
	The
vesting schedule(s) elected in Part 6 of this Agreement.

	o(3)
	The
allocation requirements elected in Part 4 of this Agreement. 

23

 

	oc.
	The
following service will not be recognized: 

[Note: If the Employer is maintaining the Plan of a Predecessor Employer, service with such Predecessor Employer must be counted for all
purposes under the Plan. This #71 may be completed with respect to such Predecessor Employer indicating all service under selections (1), (2) and (3) will be credited. The failure to
complete this #71 where the Employer is maintaining the Plan of a Predecessor Employer will not override the requirement that such predecessor service be credited for all purposes under the Plan. (See
Section 6, 7 of the BPD) If the Employer is not maintaining the Plan of a Predecessor Employer, service with such Predecessor Employer will be credited under this Plan only if specifically
elected under this #71. If the above crediting rules are to apply differently to service with different Predecessor Employers, attach separately completed elections for this item using the same format
as above but listing only those Predecessor Employers to which the separate attachment relates.] 

	o72.
	Special rules where Employer maintains more than one plan.

	oa.
	Top-heavy minimum contribution—Employer maintains this Plan and one or more Paired
Defined Contribution Plans.    If this Plan is a Top-Heavy Plan, the Employer will provide any required top-heavy minimum contribution under:
(See Section 16.2(a)(5)(i) of the BPD.)

	o(1)
	This
Plan.

	o(2)
	The
following Paired Defined Contribution Plan maintained by the Employer:

	o(3)
	Describe
method for providing the top-heavy minimum contribution:

	ob.
	Top-heavy minimum benefit—Employer maintains this Plan and one or more Paired Defined
Benefit Plans.    If this Plan is a Top-Heavy Plan, the Employer will provide any required top-heavy minimum contribution or benefit under:
(See Section 16.2(a)(5)(ii) of the BPD.)

	o(1)
	This
Plan, but the minimum required contribution is increased from 3% to 5% of Total Compensation for the Plan Year.

	o(2)
	The
following Paired Defined Benefit Plan maintained by the Employer:

	o(3)
	Describe
method for providing the top-heavy minimum contribution:

	oc.
	Limitation on Annual Additions.    This c. should be checked only if the Employer
maintains another Defined Contribution Plan (other than a Paired Plan) in which any Participant is a participant and the Employer will not apply the rules set forth under Section 7.2 of the
BPD. Instead, the Employer will limit Annual Additions in the following manner:

	o73.
	Special definition of Disabled.    In applying all allocation conditions under
Parts 4B and 4C, the special vesting provisions under Part 6, and the distribution provisions under Parts 9 and 10 of this Agreement, the following definition of Disabled applies instead of the
definition under Section 22.53 of the BPD: 

[Note: Any definition included under this #7B must satisfy the requirements of §1.401(a)(4) of the regulations and must be
applied uniformly to all Participants.] 

	74.
	The Fail-Safe Coverage Provision under Section 2.7 of the BPD does not apply under this Standardized Agreement.

	75.
	An Employee may not elect to waive participation under this Standardized Agreement.    (See Section 1.10 of the BPD.)

	o76.
	Protected Benefits.    If there are any Protected Benefits provided under this
Plan that are not specifically provided for under this Agreement, check this #76 and such an addition to this Agreement describing the Protected Benefits. 

24

  

 
 

Signature Page    
    

By
signing this page, the Employer agrees to adopt (or amend) the Plan which consists of BPD #02 and the provisions elected in this Agreement. The Employer agrees that the Prototype Sponsor has no
responsibility or liability regarding the suitability of the Plan for the Employer's needs or the options elected under this Agreement. It is recommended that the Employer consult with legal counsel
before executing this Agreement. 

	77.	 	Name and title of authorized representative(s):	 	Signature(s):	 	Date:
	
 	
 	

Mitchell Allee, President
	
 	

/s/  MITCHELL ALLEE      
	
 	

6.22.04

	

 	
 	

Linda A. Marvin, CFO
	
 	

/s/  LINDA A. MARVIN      
	
 	

6.22.04

	

 	
 	

    
	
 	

    
	
 	

    

	78.
	Effective Date of this Agreement:
	oa.
	New Plan. Check this selection if this is a new Plan. Effective Date of the Plan is:

	ýb.
	Restated Plan.    Check this selection if this is a restatement of an existing
plan. Effective Date of the restatement is:    July 1, 2004 
	(1)
	Designate
the plan(s) being amended by this restatement:    Allegiant Air 401(k) Retirement Plan

	(2)
	Designate
the original Effective Date of this plan (optional):    April 1, 2000

	oc.
	Amendment by page substitution.    Check this selection if this is an amendment
by substitution of certain pages of this Adoption Agreement. [If this c. is checked, complete the remainder of this Signature Page in the same manner as the
Signature Page being replaced.] 
	(1)
	Identify
the page(s) being replaced:

	(2)
	Effective
Date(s) of such changes:

	od.
	Substitution of sponsor.    Check this selection if a successor to the original
plan sponsor is continuing this Plan as a successor sponsor, and substitute page 1 to identify the successor as the Employer. 
	(1)
	Effective
Date of the amendment is:

	o79.
	Check
this #79 if any special Effective Dates apply under Appendix A of this Agreement and complete the relevant sections of
Appendix A.

	80.
	Prototype Sponsor Information.    The Prototype Sponsor will inform the Employer of any amendments made to the Plan and will
notify the Employer if it discontinues or abandons the Plan. The Employer may direct inquiries regarding the Plan or the effect of the Favorable IRS Letter to the Prototype Sponsor at the following
location: 
	a.
	Name of Prototype Sponsor (or authorized representative):

American Funds Distributors, Inc.

	b.
	Address of Prototype Sponsor (or authorized representative):

333 South Hope Street, Los Angeles, CA 90071

	c.
	Telephone number of Prototype Sponsor (or authorized representative):

800-421-0180 

Important information about this Prototype Plan.    A failure to properly complete the elections in this Agreement or
to operate the Plan in accordance with applicable law may result in disqualification of 

25

 

the
Plan. The Employer may rely on the Favorable IRS Letter issued by the National Office of the Internal Revenue Service to the Prototype Sponsor as evidence that the Plan is qualified under
§401 of the Code, except to the extent provided in Rev. Proc. 2000-20 and Announcement 2001-77. Except as otherwise provided in this paragraph, an Employer who has
ever maintained or who later adopts any plan in addition to this Plan (other than a Paired Plan) may not rely on the Favorable IRS Letter with respect to the requirements of
§§415 and 416 of the Code. An Employer that adopts this Standardized Agreement will not be considered to have maintained another plan merely because the Employer has maintained
another Defined Contribution Plan(s), provided such other plan(s) has been terminated prior to the effective date of this Standardized Agreement and no Annual Additions have been credited to the
Account of any Participant under such other plan(s) as of any date within a Limitation Year of this Standardized Agreement. Likewise, if this Standardized Agreement is first effective on or after the
effective date of the repeal of §415(c) of the Code, the Employer will not be considered to have maintained another plan merely because the Employer has maintained a Defined Benefit
Plan(s), provided the Defined Benefit Plan(s) has been terminated prior to the effective date of this Standardized Agreement. If the Employer who adopts or maintains multiple plans wishes to obtain
reliance with respect to the requirements of §§415 and 416 of the Code, application for a determination letter should be made to the office of Employee Plans Determinations of
the Internal Revenue Service. The Employer may not be entitled to rely on the opinion letter in certain other circumstances, which are specified in the opinion letter issued with respect to the Plan
of in §6 of Revenue Procedure 2000-20 and Announcement 2001-77. This Plan may only use a trust document that has been approved by the IRS for use with the Plan as a
qualified trust. 

26

 
 
 

Trustee Declaration    
    

        By signing this Trustee Declaration, the Trustee agrees to the duties, responsibilities and liabilities imposed on the Trustee by the BPD #02 and this Agreement. 

	81.	 	Name(s) of Trustee(s):	 	Signature(s) of Trustee(s):	 	Date:
	
 	
 	

Capital Bank and Trust Company
	
 	

/s/  ILLEGIBLE      
	
 	

6/28/04

	82.
	Effective date of this Trustee Declaration:    July 1, 2004

	83.
	The Trustee's investment powers are as a Directed Trustee only.    The Trustee may only invest Plan assets as directed by
Participants or by the Plan Administrator, the Employer, an investment Manager or other Named Fiduciary. 

Upon
issuance of a check from the Trust, no additional earnings will accrue to the Trust with respect to the uncashed check. Any earnings on an uncashed check may accrue to the Trustee. 

27

 
 
 

Co-Sponsor Adoption Page #1    
    

	ý
	Check this selection and complete the remainder of this page if a Related Employer will execute this Plan as a
Co-Sponsor.    [Note: Only a Related Employer (as defined in Section 22.164 of the BPD) that executes this
Co-Sponsor Adoption Page may adopt the Plan as a Co-Sponsor. See Article 21 of the BPD for rules relating to the adoption of the Plan by a Co-Sponsor. If
there is more than one Co-Sponsor, each one should execute a separate Co-Sponsor Adoption Page. Any reference to the "Employer" in this Agreement is also a reference to the
Co-Sponsor, unless otherwise noted.]

	84.
	Name of Co-Sponsor:    Fresno Jet Center

	85.
	Employer Identification Number (EIN) of the Co-Sponsor:    94-2633530 

By signing this page, the Co-Sponsor agrees to adopt (or to continue its participation in) the Plan identified on page 1 of this Agreement. The Plan consists of the
BPD #02 and the provisions elected in this Agreement. 

	86.	 	Name and title of authorized representative(s):	 	Signature:	 	Date:
	
 	
 	

Mitchell Allee, President
	
 	

/s/  MITCHELL ALLEE      
	
 	

6.22.04

	

 	
 	

    
	
 	

    
	
 	

    

	

 	
 	

    
	
 	

    
	
 	

    

	87.
	Effective date of this Co-Sponsor Adoption Page:    July 1, 2004

	oa.
	Check
here if this is the initial adoption of a new Plan by the Co-Sponsor.

	ýb.
	Check
here if this is an amendment or restatement of an existing plan maintained by the Co-Sponsor, which is merging into the
Plan being adopted.

	(1)
	Designate
the plan(s) being amended by this restatement:    Allegiant Air 401(k) Retirement Plan

	(2)
	Designate
the original Effective Date of the Co-Sponsor's Plan (optional):    April 1, 2000

	o88.
	Describe any special Effective Dates:

28

 
 
 

Co-Sponsor Adoption Page #2    
    

	ý
	Check this selection and complete the remainder of this page if a Related Employer will execute this Plan as a
Co-Sponsor.    [Note: Only a Related Employer (as defined in Section 22.164 of the BPD) that executes this
Co-Sponsor Adoption Page may adopt the Plan as a Co-Sponsor. See Article 21 of the BPD for rules relating to the adoption of the Plan by a Co-Sponsor. If
there is a more than one Co-Sponsor, each one should execute a separate Co-Sponsor Adoption Page. Any reference to the "Employer" in this Agreement is also a reference to the
Co-Sponsor, unless otherwise noted.]

	89.
	Name of Co-Sponsor:    CMS Solutions

	90.
	Employer Identification Number (EIN) of the Co-Sponsor:    77-0078631 

By signing this page, the Co-Sponsor agrees to adopt (or to continue its participation in) the Plan identified on page 1 of this Agreement. The Plan consists of the
BPD #02 and the provisions elected in this Agreement. 

	86.	 	Name and title of authorized representative(s):	 	Signature	 	Date:
	
 	
 	

Mitchell Allee, President
	
 	

/s/  MITCHELL ALLEE      
	
 	

6.22.04

	

 	
 	

    
	
 	

    
	
 	

    

	

 	
 	

    
	
 	

    
	
 	

    

	92.
	Effective date of this Co-Sponsor Adoption Page:    July 1, 2004

	oa.
	Check
here if this is the initial adoption of new Plan by the Co-Sponsor.

	ýb.
	Check
here if this is an amendment or restatement of an existing plan maintained by the Co-Sponsor, which is merging into the
Plan being adopted.

	(1)
	Designate
the plan(s) being amended by this restatement:    Allegiant Air 401(k) Retirement Plan

	(2)
	Designate
the original Effective Date of the Co-Sponsor's Plan (optional):    April 1, 2000

	o93.
	Describe any special Effective Dates:

29

  

 
 

Appendix A—Special Effective Dates    
    

	A-1	 	o	 	Eligibility conditions.    The eligibility conditions specified in Part 1 of this agreement are effective:

    

	A-2	 	o	 	Entry Date.    The Entry Date provisions specified in Part 2 of this Agreement are effective:

    

	A-3	 	o	 	Section 401(k) Deferrals.    The provisions regarding Section 401(k) Deferrals selected under Part 4A of this Agreement are effective:

    

	A-4	 	o	 	Matching contribution formula.    The Employer Matching Contribution formula(s) selected under Part 4B of this Agreement are effective:

    

	A-5	 	o	 	Employer contribution formula.    The Employer Nonelective Contribution formula(s) selected under Part 4C of this Agreement are effective:

    

	A-6	 	o	 	Allocation conditions for receiving an Employer Matching Contribution.    The allocation conditions designated under Part 4B, #19 of this Agreement are effective:

    

	A-7	 	o	 	Allocation conditions for receiving an Employer Matching Contribution.    The allocation conditions designated under Part 4C, #24 of this Agreement are effective:

    

	A-8	 	o	 	Safe Harbor 401(k) Plan Provisions.    The Safe Harbor 401(k) Plan provisions under Part 4E of this Agreement are effective:

    

	A-9	 	o	 	Vesting rules.    The vesting schedules selected under Part 6 of this Agreement are effective:

    

	A-10	 	o	 	Service crediting rules for eligibility.    The service crediting rules for determining a Year of Service for eligibility purposes under Section 1.4 of the BPD and
Part 7 of this Agreement are effective:

    

	A-11	 	o	 	Service crediting rules for vesting.    The service crediting rules for determining a Year of Service for vesting purposes under Section 4.5 of the BPD and Part 7
of this Agreement are effective:

    

	A-12	 	o	 	Forfeiture provisions.    The Forfeiture provisions selected under Part 8 of this Agreement are effective:

    

	A-13	 	o	 	Distributions provisions.    The distribution options selected under Part 9 of the Agreement are effective for distributions occurring after:

    

	A-14	 	o	 	In-service distribution provisions.    The in-service distribution options selected under Part 10 of the Agreement are effective for distributions occurring after:

    

	A-15	 	o	 	Forms of distribution.    The optional forms of distribution selected under Part 11 of this Agreement are eligible for distributions occurring after:

    

	A-16	 	o	 	Special effective date provisions for merged plans.    If any qualified retirement plans have been merged into this Plan, the provisions of Section 22.59 apply, except
as otherwise provided under this A-16:

    

	A-17	 	o	 	Other special effective dates:  

    

30

 
 
 

Appendix B—GUST Operational Compliance    
    

	ý
	Check this selection and complete the remainder of this page if this Plan is being adopted to comply retroactively
with the GUST Legislation. An Employer need only check those provisions that apply. If this Plan is not being adopted to comply with the GUST Legislation, this Appendix B need not be completed
and may be removed from the Agreement.

	oB-1.
	Highly Compensated Employee rules.    (See Section 20.2 of
the BPD.)

	oa.
	Top-Paid Group Test.    The election under Part 13, #68.a.
above to use (or to not use) the Top-Paid Group Test did not apply for the following post-1996 Plan Year(s):

	ob.
	Calendar Year Election.    The election under Part 13, #68.b. above to
use (or to not use) the Calendar Year Election did not apply for the following post-1996 Plan Year(s):

	oc.
	The Old-Law Calendar Year    Election applied for the Plan Year
that began in 1997.

	ýB-2.
	Required minimum distribution.    (See Section 10.4 of the
BPD.)

	oa.
	Option to postpone minimum distributions.    For calendar year(s)
            , the Plan permitted Participants (other than Five-Percent Owners) who were still employed with the Employer to postpone minimum distributions in accordance with the
Required Beginning Date rules under Section 10.3(a)(1) of the BPD, even though the Plan had not been ammended to contain such rules.

	ob.
	Election to stop required minimum distributions.    Starting in calendar year
            , a Participant (other than a Five-Percent Owner) who had already started receiving in-service minimum distributions under the Old-Law Required
Beginning Date rules may stop receiving such minimum distributions until the Participant's Required Beginning Date under Section 10.3(a)(1) of the BPD. [If
this b. is not checked, Participants who began receiving minimum distributions under the Old-Law Required Beginning Date rules must continue to receive such minimum
distributions.]

	oc.
	Application of Joint and Survivor Annuity rules. If Employees are permitted to stop their
required minimum distributions under b. above and the Joint and Survivor Annuity requirements apply to the Plan under Article 9 of the BPD, the Participant:

	
o(1)
	will

	
o(2)
	will
not 

be
treated as having a new Distribution Commencement Date when distributions recommence. [Note: Do not check this c if the Plan is not
subject to the Joint and Survivor Annuity requirements. See Section 10.4(c) of the BPD for operating rules concerning the application of the Joint and Survivor Annuity rules under this
subsection c.] 

	ýd.
	Application of Proposed Regulations for the 2001 Plan
Year.    [This a should be checked only if required minimum distributions made for calendar years beginning on or after
January 1, 2001 will be made in accordance with the proposed regulations under Code §401(a)(9), which were issued in January 2001. If this d. is checked, required minimum
distributions made for calendar years beginning on or after January 1, 2001 may be made in accordance with the proposed regulations, notwithstanding any provision in the Plan to the contrary.
An election under this d. applies until the end of the last calendar year beginning before the effective date of final regulations under Code §401(a)(9) or such other date specified in
guidance published by the Internal Revenue Service. If this d, is not checked, required minimum distributions will continue to be made in accordance with the provisions of Code §401(a)(9),
without regard to the proposed regulations.]

	ý(1)
	Effective date.    The election under d. to apply the proposed regulations
under Code §401(a)(9) applies only for required minimum distributions that are made on or after January 1, 2001. [In no event may the proposed
regulations apply to a required minimum distribution that is made for a calendar year that begins before January 1, 2001.]

	oB-3.
	Special effective dates.

	oa.
	Involuntary distribution threshold of $5,000 is first effective under this Plan for
distributions made after            (no earlier than the first day of the first Plan Year beginning on or after August 5, 1997 and no later than the date the Plan is adopted).
[If this a. is not checked, the $5,000 threshold  

31

 

 applies to all distributions made on or after the first day of the first Plan Year beginning on or after August 5, 1997, except as provided in an earlier restatement or amendment of the Plan.
See Section 20.4 of the BPD.] 

	ob.
	Family aggregation is repealed for purposes of determining the allocation of Employer
Contributions for Plan Years beginning            (no earlier than the first Plan Year beginning on or after January 1, 1997 and no later than the date the Plan is adopted).
[If this b. is not checked, family aggregation is repealed as of the first Plan Year beginning on or after January 1, 1997. See Section 20.5 of the
BPD.]

	oc.
	Qualified transportation fringes.    The inclusion of qualified transportation
fringes in the definition of Total Compensation (and Included Compensation) is applicable for years beginning on or after            (no earlier than January 1, 1998 and no later than
January 1, 2001). [If this c. is not checked, the inclusion of qualified transportation fringes is effective for years beginning on or after
January 1, 2001. An earlier date should be entered under this c. only if the Plan was operated to include qualified transportation fringes in Total Compensation (and Included Compensation)
during such period.]

	oB-4.
	Code §415 limitation.    Complete this
B-4 if for any Limitation Year in which the Code §415(e) limitation was applicable under Section 7.5 of the BPD, the Code §415(a) limitations were applied in
a manner other than that described in Section 7.5(b) of the BPD. Any alternative method described in this B-4 that is used to comply with the Code §415(c) limitation
must be consistent with Plan operation.

	oB-5.
	Special 401(k) Plan elections.    (See
Article 17 of the BPD)

	oa.
	ADP/ACP testing methods during GUST remedial amendment period.    Check this a.
if, in any Plan Year beginning after December 31, 1996, but before the adoption of this Agreement, the ADP Test or ACP Test was performed using a different testing method than the one selected
under Part 4F, #31 a. or Part 4F, #31.b. and specify the Plan Year(s) in which the other testing method was used:

	o(1)
	ADP
Test:                        

	o(2)
	ACP
Test:                        

	ob.
	Application of Safe Harbor 401(k) Plan provisions.    Check this b. if, prior to
the adoption of this Agreement, the Plan was operated in accordance with the Safe Harbor 401(k) Plan provisions, and this Agreement is conforming the document to such operational compliance for the
period to the adoption of this Agreement. [Note: This b. should be checked only if this Agreement is executed within the remedial amendment
period applicable to the GUST Legislation. See Article 20 of the BPD.]

	o(1)
	GUST effective date.    The Safe Harbor 401(k) Plan provisions under
Part 4E are effective for the Plan Year beginning            (may not be earlier than the first Plan Year beginning on or after January 1, 1999).

	o(2)
	Modifications to Part 4E.    Describe here, if applicable, any Safe
Harbor 401(k) Plan provisions applied in operation that are not described or are inconsistent with the selections under Part 4E:             

[Note: The Safe Harbor 401(k) Plan provisions under Part 4E of this Agreement will apply for all Plan Years beginning on or after
January 1, 1999 or the GUST effective date designated under (1) above unless specifically modified under this (2).] 

32

  

EGTRRA—Sponsor  

 
  ARTICLE I
  PREAMBLE    
    

	1.1
	Adoption and effective date of amendment.    This amendment of the plan is adopted to reflect certain provisions of the
Economic Growth and Tax Relief Reconciliation Act of 2001 ("EGTRRA"). This amendment is intended as good faith compliance with the requirements of EGTRRA and is to be construed in accordance with
EGTRRA and guidance issued thereunder. Except as otherwise provided, this amendment shall be effective as of the first day of the first plan year beginning after December 31, 2001.

	1.2
	Adoption by prototype sponsor.    Except as otherwise provided herein, pursuant to Section 5.01 of Revenue Procedure
2000-20 (or pursuant to the corresponding provision in Revenue Procedure 89-9 or Revenue Procedure 89-13), the sponsor hereby adopts this amendment on behalf of all
adopting employers.

	1.3
	Supersession of inconsistent provisions.    This amendment shall supersede the provisions of the plan to the extent those
provisions are inconsistent with the provisions of this amendment. 

 
 

ARTICLE II
  ADOPTION AGREEMENT ELECTIONS    
    

The
questions in this Article II only need to be completed in order to override the default provisions set forth below. If all of the default provisions will apply, then these questions should
be skipped. 

Unless
the employer elects otherwise in this Article II, the following defaults apply: 

	1)
	The
vesting schedule for matching contributions will be a 6 year graded schedule (if the plan currently has a graded schedule that does not satisfy EGTRRA) or a 3 year
cliff schedule (if the plan currently has a cliff schedule that does not satisfy EGTRRA), and such schedule will apply to all matching contributions (even those made prior to 2002). 
	2)
	Rollovers
are automatically excluded in determining whether the $5,000 threshold has been exceeded for automatic cash-outs (if the plan is not subject to the qualified
joint and survivor annuity rules and provides for automatic cash-outs). This is applied to all participants regardless of when the distributable event occurred. 
	3)
	The
suspension period after a hardship distribution is made will be 6 months and this will only apply to hardship distributions made after 2001. 
	4)
	Catch-up
contributions will be allowed. 
	5)
	For
target benefit plans, the increased compensation limit of $200,000 will be applied retroactively (i.e., to years prior to 2002).

	2.1
	Vesting Schedule for Matching Contributions

If
there are matching contributions subject to a vesting schedule that does not satisfy EGTRRA, then unless otherwise elected below, for participants who complete an hour of service in a plan 

1

 

year
beginning after December 31, 2001, the following vesting schedule will apply to all matching contributions subject to a vesting schedule: 

If
the plan has a graded vesting schedule (i.e., the vesting schedule includes a vested percentage that is more than 0% and less than 100%) the following will apply: 

	Years of vesting service
	 	Nonforfeitable percentage
	 
	2	 	20	%
	3	 	40	%
	4	 	60	%
	5	 	80	%
	6	 	100	%

If
the plan does not have a graded vesting schedule, then matching contributions will be nonforfeitable upon the completion of 3 years of vesting service. 

In
lien of the above vesting schedule, the employer elects the following schedule: 

	a.o
	3 year
cliff (a participant's accrued benefit derived from employer matching contributions shall be nonforfeitable upon the
participant's completion of three years of vesting service). 
	b.o
	6 year
graded schedule (20% after 2 years of vesting service and an additional 20% for each year thereafter). 
	c.o
	Other
(must be at least as liberal as a. or the b. above): 

	Years of vesting service
	 	Nonforfeitable percentage
	 
	 	 	 	%
	 	 	 	%
	 	 	 	%
	 	 	 	%
	 	 	 	%

The
vesting schedule set forth herein shall only apply to participants who complete an hour of service in a plan year beginning after December 31, 2001, and, unless the option below is elected,
shall apply to all matching contributions subject to a vesting schedule. 

	d.o
	The
vesting schedule will only apply to matching contributions made in plan years beginning after December 31, 2001 (the prior
schedule will apply to matching contributions made in prior plan years).

	2.2
	Exclusion of Rollovers in Application of Involuntary Cash-out Provisions (for profit sharing and 401(k) plans only), if the
plan is not subject to the qualified joint and survivor annuity rules and includes involuntary cash-out provisions, then unless one of the options below is elected, effective for
distributions made after December 31, 2001, rollover contributions will be excluded in determining the value of the participant's nonforfeitable account balance for purposes of the plan's
involuntary cash-out rules. 
	a.o
	Rollover
contributions will not be excluded. 
	b.o
	Rollover
contributions will be excluded only with respect to distributions made after            , (Enter a date no earlier than
December 31, 2001.) 
	c.o
	Rollover
contributions will only be excluded with respect to participants who separated from service after            , (Enter a
date. The date may be earlier than December 31, 2001.)

	2.3
	Suspension period of hardship distributions.    If the plan provides for hardship distributions upon satisfaction of the safe
harbor (deemed) standards as set forth in Treas. Reg. Section 1.401(k)-1(d)(2)(iv), then, unless the option below is elected, the suspension period following a hardship distribution
shall only apply to hardship distributions made after December 31, 2001. 

2

 

	o
	With
regard to hardship distributions made during 2001, a participant shall be prohibited from making elective deferrals and employee
contributions under this and all other plans until the later of January 1, 2002, or 6 months after receipt of the distribution.

	2.4
	Catch-up contributions (for 401(k) profit sharing plans only):    The plan permits catch-up
contributions (Article VI) unless the option below is elected. 
	o
	The
plan does not permit catch-up contributions to be made.

	2.5
	For target benefit plans only:    The increased compensation limit ($200,000 limit) shall apply to years prior to 2002 unless
the option below is elected. 
	o
	The
increased compensation limit will not apply to years prior to 2002. 

 
 

ARTICLE III
  VESTING OF MATCHING CONTRIBUTIONS    
    

	3.1
	Applicability.    This Article shall apply to participants who complete an Hour of Service after December 31, 2001,
with respect to accrued benefits derived from employer matching contributions made in plan years beginning after December 31, 2001. Unless otherwise elected by the employer in
Section 2.1 above, this Article shall also apply to all such participants with respect to accrued benefits derived from employer matching contributions made in plan years beginning prior to
January 1, 2002.

	3.2
	Vesting schedule.    A participant's accrued benefit derived from employer matching contributions shall vest as provided in
Section 2.1 of this amendment. 

 
 

ARTICLE IV
  INVOLUNTARY CASH-OUTS    
    

	4.1
	Applicability and effective date.    If the plan provides for involuntary cash-outs of amounts less than $5,000,
then unless otherwise elected in Section 2.2 of this amendment, this Article shall apply for distributions made after December 31, 2001, and shall apply to all participants. However,
regardless of the proceeding, this Article shall not apply if the plan is subject to the qualified joint and survivor annuity requirements of Sections 401(a)(11) and 417 of the Code.

	4.2
	Rollovers disregarded in determining value of account balance for involuntary distributions.    For purposes of the Sections
of the plan that provide for the involuntary distribution of vested accrued benefits of $5,000 or less, the value of a participant's nonforfeitable account balance shall be determined without regard
to that portion of the account balance that is attributable to rollover contributions (and earnings allocable thereto) within the meaning of Sections 402(c), 403(a)(4), 403(b)(8), 408(d)(3)(A)(ii),
and 457(e)(16) of the Code. If the value of the participant's nonforfeitable account balance as so determined is $5,000 or less, then the plan shall immediately distribute the participant's entire
nonforfeitable account balance. 

 
 

ARTICLE V
  HARDSHIP DISTRIBUTIONS    
    

	5.1
	Applicability and effective date.    If the plan provides for hardship distributions upon satisfaction of the safe harbor
(deemed) standards as set forth in Treas. Reg. Section 1.401(k)-1(d)(2)(iv), then this Article shall apply for calendar years beginning after 2001.

	5.2
	Suspension period following hardship distribution.    A participant who receives a distribution of elective deferrals after
December 31, 2001, on account of hardship shall be prohibited from making elective deferrals and employee contributions under this and all other plans of the employer for 6 months after
receipt of the distribution. Furthermore, if elected by the employer in Section 2.3 of this amendment, a participant who receives a distribution of elective deferrals in 

3

 

calendar
year 2001 on account of hardship shall be prohibited from making elective deferrals and employee contributions under this and all other plans until the later of January 1, 2002, or
6 months after receipt of the distribution. 

 
 

ARTICLE VI
  CATCH-UP CONTRIBUTIONS    
    

Catch-up Contributions.    Unless otherwise elected in Section 2.4 of this amendment, all employees who are eligible to
make elective deferrals under this plan and who have attained age 50 before the close of the plan year shall be eligible to make catch-up contributions in accordance with, and subject to
the limitations of, Section 414(v) of the Code. Such catch-up contributions shall not be taken into account for purposes of the provisions of the plan implementing the
required limitations of Sections 402(g) and 415 of the Code. The plan shall not be treated as failing to satisfy the provisions of the plan implementing the requirements of Section 401(k)(3),
401(k)(11), 401(k)(12), or 416 of the Code, as applicable, by reason of the making of such catch-up contributions. 

 
 

ARTICLE VII
  INCREASE IN COMPENSATION LIMIT    
    

Increase in Compensation Limit.    The annual compensation of each participant taken into account in determining allocations for any plan year
beginning after December 31, 2001, shall not exceed $200,000, as adjusted for cost-of-living increases in accordance with Section 401(a)(17)(B) of the Code.
Annual compensation means compensation during the plan year or such other consecutive 12-month period over which compensation is otherwise determined under the plan (the determination
period). If this is a target benefit plan, then except as otherwise elected in Section 2.5 of this amendment, for purposes of determining benefit accruals in a plan year beginning after
December 31, 2001, compensation for any prior determination period shall be limited to $200,000. The cost-of-living adjustment in effect for a calendar year applies to
annual compensation for the determination period that begins with or within such calendar year. 

 
 

ARTICLE VIII
  PLAN LOANS    
    

Plan loans for owner-employees or shareholder-employees.    If the plan permits loans to be made to participants, then effective for plan
loans made after December 31, 2001, plan provisions prohibiting loans to any owner-employee or shareholder-employee shall cease to apply. 

 
 

ARTICLE IX
  LIMITATIONS ON CONTRIBUTIONS (IRC SECTION 415 LIMITS)    
    

	9.1
	Effective date.    This Section shall be effective for limitation years beginning after December 31, 2001.

	9.2
	Maximum annual addition.    Except to the extent permitted under Article VI of this amendment and
Section 414(v) of the Code, if applicable, the annual addition that may be contributed or allocated to a participant's account under the plan for any limitation year shall not exceed the
lesser of:

	a.
	$40,000,
as adjusted for increases in the cost-of-living under Section 415(d) of the Code, or

	b.
	100 percent
of the participant's compensation, within the meaning of Section 415(c)(3) of the Code, for the limitation year. 

4

 

The
compensation limit referred to in b. shall not apply to any contribution for medical benefits after separation from service (within the meaning of Section 401(h) or
Section 419A(f)(2) of the Code) which is otherwise treated as an annual addition. 

 
 

ARTICLE X
  MODIFICATION OF TOP-HEAVY RULES    
    

	10.1
	Effective date.    This Article shall apply for purposes of determining whether the plan is a top-heavy plan
under Section 416(g) of the Code for plan years beginning after December 31, 2001, and whether the plan satisfies the minimum benefits requirements of Section 416(e) of the Code
for such years. This Article amends the top-heavy provisions of the plan.

	10.2
	Determination of top-heavy status.

	10.2.1
	Key employee.    Key employee means any employee or former employee (including any deceased employee) who at any time
during the plan year than includes the determination date was an officer of the employer having annual compensation greater than $130,000 (as adjusted under Section 416(i)(1) of the Code for
plan years beginning after December 31, 2002), a 5-percent owner of the employer, or a 1-percent owner of the employer having annual compensation of more than $150,000.
For this purpose, annual compensation means compensation within the meaning of Section 415(c)(3) of the Code. The determination of who is a key employee will be made in accordance with
Section 416(i)(1) of the Code and the applicable regulations and other guidance of general applicability issued thereunder.

	10.2.2
	Determination of present values and amounts.    This Section 10.2.2 shall apply for purposes of determining the
present values of accrued benefits and the amounts of account balances of employees as of the determination date.

	a.
	Distributions during year ending on the determination date.    The present values of accrued benefits and the amounts of
account balances of an employee as of the determination date shall be increased by the distributions made with respect to the employee under the plan and any plan aggregated with the plan under
Section 416(g)(2) of the Code during the 1-year period ending on the determination date. The preceding sentence shall also apply to distributions under a terminated plan which, had
it not been terminated, would have been aggregated with the plan under Section 416(g)(2)(A)(i) of the Code. In the case of a distribution made for a reason other than separation from
service, death, or disability, this provision shall be applied by substituting "5-year period" for "1-year period."

	b.
	Employees not performing services during year ending on the determination date.    The accrued benefits and accounts of any
individual who has not performed services for the employer during the 1-year period ending on the determination date shall not be taken into account.

	10.3
	Minimum benefits.

	10.3.1
	Matching contributions.    Employer matching contributions shall be taken into account for purposes of satisfying the
minimum contribution requirements of Section 416(c)(2) of the Code and the plan. The preceding sentence shall apply with respect to matching contributions under the plan or, if the plan
provides that the minimum contribution requirement shall be met in another plan, such other plan. Employer matching contributions that are used to satisfy the minimum contribution requirements shall
be treated as matching contributions for purposes of the actual contribution percentage test and other requirements of Section 401(m) of the Code.

	10.3.2
	Contributions under other plans.    The employer may provide, in an addendum to this amendment, that the minimum benefit
requirement shall be met in another plan (including another plan that consists solely of a cash or deferred arrangement which meets the requirements of 

5

 

Section 401(k)(12)
of the Code and matching contributions with respect to which the requirements of Section 401(m)(11) of the Code are met). The addendum should include the name of the
other plan, the minimum benefit that will be provided under such other plan, and the employees who will receive the minimum benefit under such other plan. 

 
 

ARTICLE XI
  DIRECT ROLLOVERS    
    

	11.1
	Effective date.    This Article shall apply to distributions made after December 31, 2001.

	11.2
	Modification of definition of eligible retirement plan.    For purposes of the direct rollover provisions of the plan, an
eligible retirement plan shall also mean an annuity contract described in Section 403(b) of the Code and an eligible plan under Section 457(b) of the Code which is maintained by a state,
political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state and which agrees to separately account for amounts transferred into such plan from
this plan. The definition of eligible retirement plan shall also apply in the case of a distribution to a surviving spouse, or to a spouse or former spouse who is the alternate payee under a qualified
domestic relation order, as defined in Section 414(p) of the Code.

	11.3
	Modification of definition of eligible rollover distribution to exclude hardship distributions.    For purpose of the direct
rollover provisions of the plan, any amount that is distributed on account of hardship shall not be an eligible rollover distribution and the distribution may not elect to have any portion of such a
distribution paid directly to an eligible retirement plan.

	11.4
	Modification of definition of eligible rollover distribution to include after-tax employee contributions.    For
purpose of the direct rollover provisions in the plan, a portion of a distribution shall not fail to be an eligible rollover distribution merely because the portion consists of after-tax
employee contributions which are not includible in gross income. However, such portion may be transferred only to an individual retirement account or annuity described in Section 408(a) or
(b) of the Code, or to a qualified defined contribution plan described in Section 401(a) or 403(a) of the Code that agrees to separately account for amounts so transferred, including
separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible. 

 
 

ARTICLE XII
  ROLLOVERS FROM OTHER PLANS    
    

Rollovers from other plans.    The employer, operationally and on a nondiscriminatory basis, may limit the source of rollover contributions
that may be accepted by this plan. 

 
 

ARTICLE XIII
  REPEAL OF MULTIPLE USE TEST    
    

Repeal of Multiple Use Test.    The multiple use test described in Treasury Regulation Section 1.401(m)-2 and the plan
shall not apply for plan years beginning after December 31, 2001. 

 
 

ARTICLE XIV
  ELECTIVE DEFERRALS    
    

	14.1
	Elective Deferrals—Contributions Limitation.    No participant shall be permitted to have elective deferrals
made under this plan, or any other qualified plan maintained by the employer during any taxable year, in excess of the dollar limitation contained in Section 402(g) of the Code in effect for
such taxable year, except to the extent permitted under Article VI of this amendment and Section 414(v) of the Code, if applicable. 

6

 
	14.2
	Maximum Salary Reduction Contributions for SIMPLE plans.    If this is SIMPLE 401(k) plan, then except to the extent
permitted under Article VI of this amendment and Section 414(v) of the Code, if applicable, the maximum salary reduction contribution that can be made to this plan is the amount
determined under Section 408(p)(2)(A)(ii) of the Code for the calendar year. 

 
 

ARTICLE XV
  SAFE HARBOR PLAN PROVISIONS    
    

Modification of Top-Heavy Rules.    The top-heavy requirements of Section 416 of the Code and the plan shall not apply in
any year beginning after December 31, 2001, in which the plan consists solely of cash or deferred arrangement which meets the requirements of Section 401(k)(12) of the Code and matching
contributions with respect to which the requirements of Section 401(m)(11) of the Code are met. 

 
 

ARTICLE XVI
  DISTRIBUTION UPON SEVERANCE OF EMPLOYMENT    
    

	16.1
	Effective date.    This Article shall apply for distributions and transactions made after December 31, 2001,
regardless of when the severance of employment occurred.

	16.2
	New distributable event.    A participant's elective deferrals, qualified nonelective contributions, qualified matching
contributions, and earnings attributable to these contributions shall be distributed on account of the participant's severance from employment. However, such a distribution shall be subject to the
other provisions of the plan regarding distributions, other than provisions that require a separation from service before such amounts may be distributed. 

Except
with respect to any election made by the employer in Article II, this amendment is hereby adopted by the prototype sponsor on behalf of all adopting employers on: 

[Sponsor's signature and Adoption Date are on file with Sponsor]

NOTE: The employer only needs to execute this amendment if an election has been made in Article II of this amendment.

This
amendment has been executed this            day
of                        ,
                                         
                                          
             .
 

Name
of Employer: Allegiant Air, LLC 

	By:	 	    
 EMPLOYER

	 	 

Name
of Plan: Allegiant Air 401(k) Retirement Plan 

7

  

POST-EGTRRA—Sponsor  

 
  ARTICLE I
  PREAMBLE    
    

	1.1
	Adoption and effective date of amendment.    This amendment of the plan is adopted to reflect certain provisions of the
Economic Growth and Tax Relief Reconciliation Act of 2001 ("EGTRRA"), the Job Creation and Worker Assistance Act of 2002, IRS Regulations issued pursuant to IRC §401(a)(9), and other IRS
guidance. This amendment is intended as good faith compliance with the requirements of EGTRRA and is to be construed in accordance with EGTRRA and guidance issued thereunder. Except as otherwise
provided, this amendment shall be effective as of the first day of the first plan year beginning after December 31, 2001.

	1.2
	Supersession of inconsistent provisions.    This amendment shall supersede the provisions of the plan to the extent those
provisions are inconsistent with the provisions of this amendment.

	1.3
	Adoption by prototype sponsor.    Except as otherwise provided herein, pursuant to Section 5.01 of Revenue Procedure
2000-20, the sponsor hereby adopts this amendment on behalf of all adopting employers. 

 
 

ARTICLE II
  ADOPTION AGREEMENT ELECTIONS    
    

The
questions in this Article II only need to be completed in order to override the default provisions set forth below. If all of the default provisions will apply, then these questions should
be skipped. 

Unless
the employer elects otherwise in this Article II, the following defaults apply: 

	1.
	If
catch-up contributions are permitted, then the catch-up contributions are treated like any other elective deferrals for purposes of determining matching
contributions under the plan.

	2.
	For
plans subject to the qualified joint and survivor annuity rules, rollovers are automatically excluded in determining whether the $5,000 threshold has been exceeded for automatic
cash-outs (if the plan provides for automatic cash-outs). This is applied to all participants regardless of when the distributable event occurred.

	3.
	The
minimum distribution requirements are effective for distribution calendar years beginning with the 2002 calendar year. In addition, participants or beneficiaries may elect on an
individual basis whether the 5-year rule or the life expectancy rule in the plan applies to distributions after the death of a participant who has a designated beneficiary.

	4.
	Amounts
that are "deemed 125 compensation" are not included in the definition of compensation.

	2.1
	Exclusion of Rollovers in Application of Involuntary Cash-out Provisions.    If the plan is subject to the joint
and survivor annuity rules and includes involuntary cash-out provisions, then unless one of the options below is elected, effective for distributions made after December 31, 2001,
rollover contributions will be excluded in determining the value of a participant's nonforfeitable account balance for purposes of the plan's involuntary cash-out rules. 
	a.o
	Rollover
contributions will not be excluded. 
	b.o
	Rollover
contributions will be excluded only with respect to distributions made after                        . (Enter a date no
earlier than December 31, 2001). 
	c.o
	Rollover
contributions will only be excluded with respect to participants who separated from service after                        .
(Enter a date. The date may be earlier than December 31, 2001.) 

1

 

	2.2
	Catch-up contributions (for 401(k) profit sharing plans only):    The plan permits catch-up
contributions effective for calendar years beginning after December 31, 2001, (Article V) unless otherwise elected below. 
	a.o
	The
plan does not permit catch-up contributions to be made. 
	b.o
	Catch-up
contributions are permitted effective as of:                        (enter a date no earlier than
January 1, 2002). 

And,
catch-up contributions will be taken into account in applying any matching contribution under the Plan unless otherwise elected below. 

	c.o
	Catch-up
contributions will not be taken into account in applying any matching contribution under the Plan.

	2.3
	Amendment for Section 401(a)(9) Final and Temporary Treasury Regulations.

	a.
	Effective date.    Unless a later effective date is specified in below, the provisions of Article VI of this amendment
will apply for purposes of determining required minimum distributions for calendar years beginning with the 2002 calendar year.

	o
	This
amendment applies for purposes of determining required minimum distributions for distribution calendar years beginning with the 2003
calendar year, as well as required minimum distributions for the 2002 distribution calendar year that are made on or
after                        (leave blank if this amendment does not apply to any minimum
distributions for the 2002 distribution calendar year).

	b.
	Election to not permit Participants or Beneficiaries to Elect 5-Year Rule.

Unless
elected below, Participants or beneficiaries may elect on an individual basis whether the 5-year rule or the life expectancy rule in Sections 6.2.2 and 6.4.2 of this amendment
applies to distributions after the death of a Participant who has a designated beneficiary. The election must be made no later than the earlier of September 30 of the calendar year in which
distribution would be required to begin under Section 6.2.2 of this amendment, or by September 30 of the calendar year in which contains the fifth anniversary of the Participant's (or,
if applicable, surviving spouse's) death. If neither the Participant nor beneficiary makes an election under this paragraph, distributions will be made in accordance with Sections 6.2.2 and 6.4.2 of
this amendment and, if applicable, the elections in Section 2.3.c of this amendment below. 

	o
	The
provision set forth above in this Section 2.3.b shall not apply. Rather, Sections 6.2.2 and 6.4.2 of this amendment shall apply
except as elected in Section 2.3.c of this amendment below.

	c.
	Election to Apply 5-Year Rule to Distributions to Designated Beneficiaries.

	o
	If
the Participant dies before distributions begin and there is a designated beneficiary, distribution to the designated beneficiary is not
required to begin by the date specified in the Plan, but the Participant's entire interest will be distributed to the designated beneficiary by December 31 of the calendar year containing the
fifth anniversary of the Participant's death. If the Participant's surviving spouse is the Participant's sole designated beneficiary and the surviving spouse dies after the Participant but before
distributions to either the Participant or the surviving spouse begin, this election will apply as if the surviving spouse were the Participant. 

If
the above is elected, then this election will apply to: 

	1.o
	All
distributions. 
	2.o
	The
following distributions:                        . 

2

 

	d.
	Election to Allow Designated Beneficiary Receiving Distributions Under 5-Year Rule to Elect Life Expectancy Distributions.

	o
	A
designated beneficiary who is receiving payment under the 5-year rule may make a new election to receive payments under the
life expectancy rule until December 31, 2003, provided that all amounts that would have been required to be distributed under the life expectancy rule for all distribution calendar years before
2004 are distributed by the earlier of December 31, 2003, or the end of the 5-year period.

	2.4
	Deemed 125 Compensation. Article VII of this amendment shall not apply unless otherwise elected below.

	o
	Article VII
of this amendment (Deemed 125 Compensation) shall apply effective as of Plan Years and Limitation Years beginning on or
after                        (insert the later of January 1, 1998, or the first day of the first plan year the Plan used this
definition). 

 
 

ARTICLE III
  INVOLUNTARY CASH-OUTS    
    

	3.1
	Applicability and effective date.    If the plan is subject to the qualified joint and survivor annuity rules and provides
for involuntary cash-outs of amounts less than $5,000, then unless otherwise elected in Section 2.1 of this amendment, this Article shall apply for distributions made after
December 31, 2001, and shall apply to all participants.

	3.2
	Rollovers disregarded in determining value of account balance for involuntary distributions.    For purposes of the Sections
of the plan that provide for the involuntary distribution of vested accrued benefits of $5,000 or less, the value of a participant's nonforfeitable account balance shall be determined without regard
to that portion of the account balance that is attributable to rollover contributions (and earnings allocable thereto) within the meaning of Sections 402(c), 403(a)(4), 403(b)(8), 408(d)(3)(A)(ii),
and 457(e)(16) of the Code. If the value of the participant's nonforfeitable account balance as so determined is $5,000 or less, then the plan shall immediately distribute the participant's entire
nonforfeitable account balance. 

 
 

ARTICLE IV
  HARDSHIP DISTRIBUTIONS    
    

Reduction of Section 402(g) of the Code following hardship distribution.    If the plan provides for hardship distributions upon
satisfaction of the safe harbor (deemed) standards as set forth in Treas. Reg. Section 1.401(k)-1(d)(2)(iv), then effective as of the date the elective deferral suspension period is
reduced from 12 months to 6 months pursuant to EGTRRA, there shall be no reduction in the maximum amount of elective deferrals that a Participant may make pursuant to
Section 402(g) of the Code solely because of a hardship distribution made by this plan or any other plan of the Employer. 

 
 

ARTICLE V
  CATCH-UP CONTRIBUTIONS    
    

Catch-up Contributions.    Unless otherwise elected in Section 2.2 of this amendment, effective for calendar years
beginning after December 31, 2001, all employees who are eligible to make elective deferrals under this plan and who have attained age 50 before the close of the calendar year shall be eligible
to make catch-up contributions in accordance with, and subject to the limitations of, Section 414(v) of the Code. Such catch-up contributions shall not be taken
into account for purposes of the provisions of the plan implementing the required limitations of Sections 402(g) and 415 of the Code. The plan shall not be treated as failing to satisfy the provisions
of the plan implementing the 

3

 

requirements
of Sections 401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as applicable, by reason of the making of such catch-up contributions. 

If
elected in Section 2.2, catch-up contributions shall not be treated as elective deferrals for purposes of applying any Employer matching contributions under the plan. 

 
 

ARTICLE VI
  REQUIRED MINIMUM DISTRIBUTIONS    
    

	6.1
	GENERAL RULES

	6.1.1
	Effective Date.    Unless a later effective date is specified in Section 2.3.a of this amendment, the provisions of
this amendment will apply for purposes of determining required minimum distributions for calendar years beginning with the 2002 calendar year.

	6.1.2
	Coordination with Minimum Distribution Requirements Previously in Effect.    If the effective date of this amendment is
earlier than calendar years beginning with the 2003 calendar year, required minimum distributions for 2002 under this amendment will be determined as follows. If the total amount of 2002 required
minimum distributions under the Plan made to the distributee prior to the effective date of this amendment equals or exceeds the required minimum distributions determined under this amendment, then no
additional distributions will be required to be made for 2002 on or after such date to the distributee. If the total amount of 2002 required minimum distributions under the Plan made to the
distributee prior to the effective date of this amendment is less than the amount determined under this amendment, then required minimum distributions for 2002 on and after such date will be
determined so that the total amount of required minimum distributions for 2002 made to the distributee will be the amount determined under this amendment.

	6.1.3
	Precedence.    The requirements of this amendment will take precedence over any inconsistent provisions of the Plan.

	6.1.4
	Requirements of Treasury Regulations Incorporated.    All distributions required under this amendment will be determined
and made in accordance with the Treasury regulations under Section 401(a)(9) of the Internal Revenue Code.

	6.1.5
	TEFRA Section 242(b)(2) Elections.    Notwithstanding the other provisions of this amendment, distributions may be
made under a designation made before January 1, 1984, in accordance with Section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act (TEFRA) and the provisions of the Plan that
relate to Section 242(b)(2) of TEFRA.

	6.2
	TIME AND MANNER OF DISTRIBUTION

	6.2.1
	Required Beginning Date.    The Participant's entire interest will be distributed, or begin to be distributed, to the
Participant no later than the Participant's required beginning date.

	6.2.2
	Death of Participant Before Distributions Begin.    If the Participant dies before distributions begin, the Participant's
entire interest will be distributed, or begin to be distributed, no later than as follows:

	(a)
	If
the Participant's surviving spouse is the Participant's sole designated beneficiary, then, except as provided in Article VI, distributions to the surviving spouse will begun
by December 31 of the calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have
attained age 701/2, if later.

	(b)
	If
the Participant's surviving spouse is not the Participant's sole designated beneficiary, then, except as provided in Section 2.3 of this amendment, distributions to the
designated 

4

 

beneficiary
will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died. 

	(c)
	If
there is no designated beneficiary as of September 30 of the year following the year of the Participant's death, the Participant's entire interest will be distributed by
December 31 of the calendar year containing the fifth anniversary of the Participant's death.

	(d)
	If
the Participant's surviving spouse is the Participant's sole designated beneficiary and the surviving spouse dies after the Participant but before distributions to the surviving
spouse begin, this Section 6.2.2, other than Section 6.2.2(a), will apply as if the surviving spouse were the Participant. 

For
purposes of this Section 6.2.2 and Section 2.3, unless Section 6.2.2(d) applies, distributions are considered to begin on the Participant's required beginning date. If
Section 6.2.2(d) applies, distributions are considered to begin on the date distributions are required to begin to the surviving spouse under Section 6.2.2(a). If distribution under an
annuity purchased from an insurance company irrevocably commence to the Participant before the Participant's required beginning date (or to the Participant's surviving spouse before the date
distributions are required to begin to the surviving spouse under Section 6.2.2(a)), the date distributions are considered to begin is the date distributions actually commence. 

	6.2.3
	Forms of Distribution.    Unless the Participant's interest is distributed in the form of an annuity purchased from an
insurance company or in a single sum on or before the required beginning date, as of the first distribution calendar year distributions will be made in accordance with Sections 6.3 and 6.4 of
this amendment. If the Participant's interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will be made in accordance with the requirements of
Section 401(a)(9) of the Code and the Treasury regulations.

	6.3
	REQUIRED MINIMUM DISTRIBUTIONS DURING PARTICIPANT'S LIFETIME

	6.3.1
	Amount of Required Minimum Distribution For Each Distribution Calendar Year.    During the Participant's lifetime, the
minimum amount that will be distributed for each distribution calendar year is the lesser of:

	(a)
	the
quotient obtained by dividing the Participant's account balance by the distribution period in the Uniform Lifetime Table set forth in Section 1.401(a)(9)-9 of
the Treasury regulations, using the Participant's age as of the Participant's birthday in the distribution calendar year; or

	(b)
	if
the Participant's sole designated beneficiary for the distribution calendar year is the Participant's spouse, the quotient obtained by dividing the Participant's account balance by
the number in the Joint and Last Survivor Table set forth in Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant's and spouse's attained ages as of the
Participant's and spouse's birthdays in the distribution calendar year.

	6.3.2
	Lifetime Required Minimum Distributions Continue Through Year of Participant's Death.    Required minimum distributions
will be determined under this Section 6.3 beginning with the first distribution calendar year and up to and including the distribution calendar year that includes the Participant's date of
death.

	6.4
	REQUIRED MINIMUM DISTRIBUTIONS AFTER PARTICIPANT'S DEATH

	6.4.1
	Death
On or After Date Distributions Begin.

	(a)
	Participant Survived by Designated Beneficiary.    If the Participant dies on or after the date distributions begin and there
is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant's death is the quotient obtained by dividing the
Participant's account balance by the longer of the remaining 

5

 

life
expectancy of the Participant or the remaining life expectancy of the Participant's designated beneficiary, determined as follows: 

	(1)
	The
Participant's remaining life expectancy is calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

	(2)
	If
the Participant's surviving spouse is the Participant's sole designated beneficiary, the remaining life expectancy of the surviving spouse is calculated for each distribution
calendar year after the year of the Participant's death using the surviving spouse's age as of the spouse's birthday in that year. For distribution calendar years after the year of the surviving
spouse's death, the remaining life expectancy of the surviving spouse is calculated using the age of the surviving spouse as of the spouse's birthday in the calendar year of the spouse's death,
reduced by one for each subsequent calendar year.

	(3)
	If
the Participant's surviving spouse is not the Participant's sole designated beneficiary, the designated beneficiary's remaining life expectancy is calculated using the age of the
beneficiary in the year following the year of the Participant's death, reduced by one for each subsequent year.

	(b)
	No Designated Beneficiary.    If the Participant dies on or after the date distributions begin and there is no designated
beneficiary as of September 30 of the year after the year of the Participant's death, the minimum amount that will be distributed for each distribution calendar year after the year of the
Participant's death is the quotient obtained by dividing the Participant's account balance by the Participant's remaining life expectancy calculated using the age of the Participant in the year of
death, reduced by one for each subsequent year.

	6.4.2
	Death
Before Date Distributions Begin.

	(a)
	Participant Survived by Designated Beneficiary.    Except as provided in Section 2.3, if the Participant dies before
the date distributions begin and there is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant's death is the
quotient obtained by dividing the Participant's account balance by the remaining life expectancy of the Participant's designated beneficiary, determined as provided in Section 6.4.1.

	(b)
	No Designated Beneficiary.    If the Participant dies before the date distributions begin and there is no designated
beneficiary as of September 30 of the year following the year of the Participant's death, distribution of the Participant's entire interest will be completed by December 31 of the
calendar year containing the fifth anniversary of the Participant's death.

	(c)
	Death of Surviving Spouse Before Distributions to Surviving Spouse Are Required to Begin.    If the Participant dies before
the date distributions begin, the Participant's surviving spouse is the Participant's sole designated beneficiary, and the surviving spouse dies before distributions are required to begin to the
surviving spouse under Section 6.2.2(a), this Section 6.4.2 will apply as if the surviving spouse were the Participant.

	6.5
	DEFINITIONS

	6.5.1
	Designated beneficiary.    The individual who is designated as the Beneficiary under the Plan and is the designated
beneficiary under Section 401(a)(9) of the Internal Revenue Code and Section 1.401(a)(9)-I, Q&A-4, of the Treasury regulations.

	6.5.2
	Distribution calendar year.    A calendar year for which a minimum distribution is required. For distributions beginning
before the Participant's death, the first distribution calendar year is the calendar year immediately preceding the calendar year which contains the Participant's required beginning date. For
distributions beginning after the Participant's death, the first distribution 

6

 

calendar
year is the calendar year in which distributions are required to begin under Section 6.2.2. The required minimum distribution for the Participant's first distribution calendar year
will be made on or before the Participant's required beginning date. The required minimum distribution for other distribution calendar years, including the required minimum distribution for the
distribution calendar year in which the Participant's required beginning date occurs, will be made on or before December 31 of that distribution calendar year. 

	6.5.3
	Life expectancy.    Life expectancy as computed by use of the Single Life Table in Section 1.401(a)(9)-9
of the Treasury regulations.

	6.5.4
	Participant's account balance.    The account balance as of the last valuation date in the calendar year immediately
preceding the distribution calendar year (valuation calendar year) increased by the amount of any contributions made and allocated or forfeitures allocated to the account balance as of the dates in
the valuation calendar year after the valuation date and decreased by distributions made in the valuation calendar year after the valuation date. The account balance for the valuation calendar year
includes any amounts rolled over or transferred to the Plan either in the valuation calendar year or in the distribution calendar year if distributed or transferred in the valuation calendar year.

	6.5.5
	Required beginning date.    The date specified in the Plan when distributions under Section 401(a)(9) of the
Internal Revenue Code are required to begin. 

 
 

ARTICLE VII
  DEEMED 125 COMPENSATION    
    

If
elected, this Article shall apply as of the effective date specified in Section 2.4 of this amendment. For purposes of any definition of compensation under this Plan that includes a
reference to amounts under Section 125 of the Code, amounts under Section 125 of the Code include any amounts not available to a Participant in cash in lieu of group health coverage
because the Participant is unable to certify that he or she has other health coverage. An amount will be treated as an amount under Section 125 of the Code only if the Employer does not request
or collect information regarding the Participant's other health coverage as part of the enrollment process for the health plan. 

Except
with respect to any election made by the employer in Article II, this amendment is hereby adopted by the prototype sponsor on behalf of all adopting employers on 

[Sponsor's signature and Adoption Date are on file with Sponsor]

NOTE: The employer only needs to execute this amendment if an election has been made in Article II of this amendment.

This
amendment has been executed this            day
of                        ,
                                        .

Name
of Plan: Allegiant Air 401(k) Retirement Plan 

Name
of Employer: Allegiant Air, LLC 

	By:	 	    
 EMPLOYER

	 	 

Name
of Participating Employer: Fresno Jet Center CMS Solutions 

	By:	 	    
 PARTICIPATING EMPLOYER

	 	 

7

QuickLinks

AMERICAN FUNDS DISTRIBUTORS, INC. STANDARDIZED 401(K) PLAN

Part I—Eligibility Conditions (See Article 1 of the BPD)

Part 2—Commencement of Participation (See Section 1.5 of the BPD)

Part 3—Compensation Definitions (See Sections 22.102 and 22.197 of the BPD)

Part 4A—Section 401(k) Deferrals (See Section 2.3(a) of the BPD)

Part 4 B—Employer Matching Contributions (See Sections 2.3(b) and (c) of the BPD)

Part 4C—Employer Nonelective Contributions (See Section 2.3(d) and (e) of the BPD)

Part 4D—Employee After-Tax Contributions (See Section 3.1 of the BPD)

Part 4E—Safe Harbor 401(k) Plan Election (See Section 17.6 of the BPD)

Part 4F—Special 401(k) Plan Elections (See Article 17 of the BPD)

Part 5—Retirement Ages (See Sections 22.57 and 22.126 of the BPD)

Part 6—Vesting Rules (See Article 4 of the BPD)

Part 7—Special Service Crediting Rules (See Article 6 of the BPD)

Part 8—Allocation of Forfeitures (See Article 5 of the BPD)

Part 9—Distributions After Termination of Employment (See Section 8.3 of the BPD)

Part 10—In-Service Distributions (See Section 8.5 of the BPD)

Part 11—Distribution Options (See Section 8.1 of the BPD)

Part 12—Administrative Elections

Part 13—Miscellaneous Elections

Signature Page

Trustee Declaration

Co-Sponsor Adoption Page #1

Co-Sponsor Adoption Page #2

Appendix A—Special Effective Dates

Appendix B—GUST Operational Compliance

ARTICLE I PREAMBLE

ARTICLE II ADOPTION AGREEMENT ELECTIONS

ARTICLE III VESTING OF MATCHING CONTRIBUTIONS

ARTICLE IV INVOLUNTARY CASH-OUTS

ARTICLE V HARDSHIP DISTRIBUTIONS

ARTICLE VI CATCH-UP CONTRIBUTIONS

ARTICLE VII INCREASE IN COMPENSATION LIMIT

ARTICLE VIII PLAN LOANS

ARTICLE IX LIMITATIONS ON CONTRIBUTIONS (IRC SECTION 415 LIMITS)

ARTICLE X MODIFICATION OF TOP-HEAVY RULES

ARTICLE XI DIRECT ROLLOVERS

ARTICLE XII ROLLOVERS FROM OTHER PLANS

ARTICLE XIII REPEAL OF MULTIPLE USE TEST

ARTICLE XIV ELECTIVE DEFERRALS

ARTICLE XV SAFE HARBOR PLAN PROVISIONS

ARTICLE XVI DISTRIBUTION UPON SEVERANCE OF EMPLOYMENT

ARTICLE I PREAMBLE

ARTICLE II ADOPTION AGREEMENT ELECTIONS

ARTICLE III INVOLUNTARY CASH-OUTS

ARTICLE IV HARDSHIP DISTRIBUTIONS

ARTICLE V CATCH-UP CONTRIBUTIONS

ARTICLE VI REQUIRED MINIMUM DISTRIBUTIONS

ARTICLE VII DEEMED 125 COMPENSATIONQuickLinks
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Exhibit 10.9  

 
 

INDEMNIFICATION AGREEMENT    
    

        THIS
INDEMNIFICATION AGREEMENT (this "Agreement") is made and entered into as of                        , 2006 between Allegiant Travel
Company, a Nevada corporation (the "Company"), and
                        ("Indemnitee"). 

 
 

BACKGROUND    

        The
Company and the Indemnitee recognize the difficulty in obtaining directors' and officers' liability insurance, the cost of such insurance and the limited scope of coverage of such
insurance. 

        The
Company and the Indemnitee further recognize the substantial increase in corporate litigation in general, subjecting officers and directors to expensive litigation risks. 

        The
Company desires to attract and retain the services of highly qualified individuals, such as the Indemnitee, to serve as officers and directors of the Company and to indemnify its
officers and directors so as to provide them with the maximum protection permitted by law. 

        This
Agreement is a supplement to and in furtherance of the Articles of Incorporation and Bylaws of the Company and any resolutions adopted pursuant thereto, and shall not be deemed a
substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder. Indemnitee does not regard the protection available under the Company's Articles of Incorporation, Bylaws and
insurance as adequate in the present circumstances, and may not be willing to serve as a director and/or officer without adequate protection, and the Company desires Indemnitee to serve in such
capacity.
Indemnitee is willing to serve, continue to serve and to take on additional service for or on behalf of the Company on the condition that he/she be so indemnified. 

        NOW,
THEREFORE, in consideration of Indemnitee's agreement to serve as a director or officer after the date hereof, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 

        1.    Indemnity of Indemnitee.    The Company shall hold harmless and indemnify Indemnitee to the fullest extent
permitted by law, as such may be amended from time to time. In furtherance of the foregoing indemnification, and without limiting the generality thereof: 

        (a)    Proceedings Other Than Proceedings by or in the Right of the Company.    Indemnitee shall be entitled to the
rights of indemnification provided in this Section l(a) if, by reason of his Corporate Status (as hereinafter defined), the Indemnitee is, or is threatened to be made, a party to or participant
in any Proceeding (as hereinafter defined) other than a Proceeding by or in the right of the Company. Pursuant to this Section 1(a), the Company shall indemnify Indemnitee against all Expenses
(as hereinafter defined), judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by him/her, or on his/her behalf, in connection with such Proceeding or any claim,
issue or matter in such proceeding, if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and with
respect to any criminal Proceeding, had no reasonable cause to believe the Indemnitee's conduct was unlawful. 

        (b)    Proceedings by or in the Right of the Company.    Indemnitee shall be entitled to the rights of indemnification
provided in this Section 1(b) if, by reason of his/her Corporate Status, the Indemnitee is, or is threatened to be made, a party to or participant in any Proceeding brought by or in the right
of the Company. Pursuant to this Section 1(b), the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by the Indemnitee, or on the Indemnitee's behalf, in
connection with such Proceeding if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company; except that, if
applicable law so provides, Indemnitee shall not be indemnified 

 

against
such Expenses in respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Company unless and to the extent that a court of
competent jurisdiction shall determine that such indemnification may be made. 

        (c)    Indemnification for Expenses of a Party Who is Wholly or Partly Successful.    If Indemnitee is not wholly
successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee
against all Expenses actually and reasonably incurred by him/her or on his/her behalf in connection with each successfully resolved claim, issue or matter in connection with which Indemnitee would be
entitled to indemnification pursuant to Section 1(a) or 1(b) hereof. For purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by
dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 

        2.    Additional Indemnity.    In addition to, and without regard to any limitations on, the indemnification provided
for in Section 1 of this Agreement, the Company shall and hereby does indemnify and hold harmless Indemnitee against all Expenses, judgments, penalties, fines and amounts paid in settlement
actually and reasonably incurred by him/her or on his/her behalf if, by reason of his/her Corporate Status, he/she is, or is threatened to be made, a party to or participant in any Proceeding
(including a Proceeding by or in the right of the Company), including, without limitation, all liability arising out of the negligence or active or passive wrongdoing of Indemnitee. Except as set
forth in Section 9 hereof, the only limitation that shall exist upon the Company's obligations pursuant to this Agreement shall be that the Company shall not be obligated to make any payment to
Indemnitee that is finally determined (under the procedures, and subject to the presumptions, set forth in Sections 6 and 7 hereof) to be unlawful. 

        3.    Contribution.    

        (a)   Whether
or not the indemnification provided in Sections 1 and 2 hereof is available in respect of any threatened, pending or completed action, suit or proceeding in
which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), the Company shall, unless prohibited by applicable law, pay, in the first instance, the
entire amount of any judgment or settlement of such action, suit or proceeding without requiring Indemnitee to contribute to such payment and the Company hereby waives and relinquishes any right of
contribution it may have against Indemnitee. The Company shall not enter into any settlement of any action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if
joined in such action, suit or proceeding) unless such settlement provides for a full and final release of all claims asserted against Indemnitee. 

        (b)   Without
diminishing or impairing the obligations of the Company set forth in the preceding subparagraph, if, for any reason, Indemnitee shall elect or be required to pay
all or any portion of any judgment or settlement in any threatened, pending or completed action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in
such action, suit or proceeding), the Company shall contribute to the amount of expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred
and paid or payable by Indemnitee in proportion to the relative benefits received by the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable
with Indemnitee (or would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, from the transaction from which such action, suit or proceeding arose;
except that the proportion determined on the basis of relative benefit may, to the extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company and all
officers, directors or employees of the Company other than Indemnitee who are jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), on the one 

2

 

hand,
and Indemnitee, on the other hand, in connection with the events that resulted in such expenses, judgments, fines or settlement amounts, as well as any other equitable considerations which
applicable law may require to be considered. The relative fault of the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee
(or would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, shall be determined by reference to, among other things, the degree to which their
actions were motivated by intent to gain personal profit or advantage, the degree to which their liability is primary or secondary and the degree to which their conduct is active or passive. 

        (c)   The
Company shall fully indemnify and hold Indemnitee harmless from any claims of contribution which may be brought by officers, directors or employees of the Company,
other than Indemnitee, who may be jointly liable with Indemnitee. 

        (d)   To
the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the
Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement
and/or for Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of
such Proceeding in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or
(ii) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s). 

        4.    Indemnification for Expenses of a Witness.    Notwithstanding any other provision of this Agreement, to the
extent that Indemnitee is, by reason of his/her Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, he/she shall be indemnified against all Expenses actually and
reasonably incurred by him/her or on his/her behalf in connection therewith. 

        5.    Advancement of Expenses.    Notwithstanding any other provision of this Agreement, the Company shall advance all
Expenses incurred by or on behalf of Indemnitee in connection with any Proceeding by reason of Indemnitee's Corporate Status within 30 days after the receipt by the Company of a statement or
statements from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding. Such statement or statements shall reasonably evidence
the Expenses incurred by Indemnitee and shall include or be preceded or accompanied by an undertaking by or on behalf of Indemnitee to repay any Expenses advanced if it shall ultimately be determined
that Indemnitee is not entitled to be indemnified against such Expenses. Any advances and undertakings to repay pursuant to this Section 5 shall be unsecured and interest free. 

        6.    Procedures and Presumptions for Determination of Entitlement to Indemnification.    It is the intent of this
Agreement to secure for Indemnitee rights of indemnity that are as favorable as may be permitted under the Nevada Revised Statutes and public policy of the State of Nevada. Accordingly, the following
procedures and presumptions shall apply in the event of any question as to whether Indemnitee is entitled to indemnification under this Agreement: 

        (a)   To
obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including such documentation and information as is reasonably
available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification. The Secretary of the Company shall, promptly upon receipt of such
a request for indemnification, advise the Board of Directors of the Company (the "Board") in writing that Indemnitee has requested indemnification. 

3

 

        (b)   Upon
written request by Indemnitee for indemnification pursuant to the first sentence of Section 6(a) hereof, a determination, if required by applicable law, with
respect to Indemnitee's entitlement to indemnification shall be made in the specific case by one of the following four methods, which shall be at the election of the Board: (1) by a majority
vote of the Disinterested Directors (as hereinafter defined), even though less than a quorum, or by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors,
even though less than a quorum, (2) if there are no Disinterested Directors or if the Disinterested Directors so direct, by Independent Counsel (as hereinafter defined) in a written opinion to
the Board, a copy of which shall be delivered to the Indemnitee, or (3) if so directed by the Board, by the stockholders of the Company. Notwithstanding the foregoing, in the event of a Change
in Control (as hereinafter defined), a determination, if required by applicable law, with respect to Indemnitee's entitlement to indemnification shall be made in the specific case by Independent
Counsel. 

        (c)   If
the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 6(b) above, the Independent Counsel shall be
selected by the Board which shall provide written notice of such selection to Indemnitee within 3 days thereafter. Indemnitee may, within 10 days after receiving such written notice,
deliver to the Company a written objection to such selection;
except that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of "Independent Counsel" as defined in Section 13 of this
Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If a
written objection is made and substantiated, the Independent Counsel selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such
objection is without merit. If, within 20 days after submission by Indemnitee of a written request for indemnification pursuant to Section 6(a) hereof, no Independent Counsel shall have
been selected and not objected to, either the Company or Indemnitee may petition a court of competent jurisdiction for resolution of any objection which shall have been made by the Indemnitee to the
Company's selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall designate, and the person with
respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 6(b) hereof. The Company shall pay any and all reasonable fees and
expenses of Independent Counsel incurred by such Independent Counsel in connection with acting pursuant to Section 6(b) hereof, and the Company shall pay all reasonable fees and expenses
incident to the procedures of this Section 6(c), regardless of the manner in which such Independent Counsel was selected or appointed. 

        (d)   In
making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination shall presume that
Indemnitee is entitled to indemnification under this Agreement. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by clear and convincing
evidence. Neither the failure of the Company (including by its directors or independent legal counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement
that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination by the Company (including by its directors or independent
legal counsel) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct. 

        (e)   Indemnitee
shall be deemed to have acted in good faith if Indemnitee's action is based on the records or books of account of the Enterprise (as hereinafter defined),
including financial 

4

 

statements,
or on information supplied to Indemnitee by the officers of the Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise or on information or records
given or reports made to the Enterprise by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Enterprise. In addition, the knowledge
and/or actions, or failure to act, of any director, officer, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this
Agreement. Whether or not the foregoing provisions of this Section 6(e) are satisfied, it shall in any event be presumed that Indemnitee has at all times acted in good faith and in a manner
he/she reasonably believed to be in or not opposed to the best interests of the Company. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by
clear and convincing evidence. 

        (f)    If
the person, persons or entity empowered or selected under Section 6 to determine whether Indemnitee is entitled to indemnification shall not have made a
determination within 60 days after receipt by the Company of the request therefor, the requisite determination of entitlement to indemnification shall be deemed to have been made and Indemnitee
shall be entitled to such indemnification absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee's statement not materially
misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law; except that (A) such 60-day period may be
extended for a reasonable time, not to exceed an additional 30 days, if the person, persons or entity making such determination with respect to entitlement to indemnification in good faith
requires such additional time to obtain or evaluate documentation and/or information relating thereto; and (B) the foregoing provisions of this Section 6(g) shall not apply if such
determination is to be made by the stockholders pursuant to Section 6(b) of this Agreement and if (1) within 15 days after receipt by the Company of the request for such
determination, the Board or the Disinterested Directors, if appropriate, resolve to submit such determination to the stockholders for their consideration at an annual meeting thereof to be held within
75 days after such receipt and such determination is made thereat, or (2) a special meeting of stockholders is called within 15 days after such receipt for the purpose of making
such determination, such meeting is held for such purpose within 60 days after having been so called and such determination is made thereat. 

        (g)   Indemnitee
shall cooperate with the person, persons or entity making such determination, including providing to such person, persons or entity upon reasonable advance
request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination.
Any Independent Counsel, member of the Board or stockholder of the Company shall act reasonably and in good faith in making a determination regarding the Indemnitee's entitlement to indemnification
under this Agreement. Any costs or expenses (including attorneys' fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be
borne by the Company (irrespective of the determination as to Indemnitee's entitlement to indemnification) and the Company hereby indemnifies and shall hold Indemnitee harmless therefrom. 

        (h)   The
Company acknowledges that a settlement or other disposition short of final judgment may be successful if it permits a party to avoid expense, delay, distraction,
disruption and uncertainty. In the event any action, claim or proceeding to which Indemnitee is a party is resolved in any manner other than by adverse judgment against Indemnitee (including, without
limitation, settlement of such action, claim or proceeding with or without payment of money or other consideration), it shall be presumed that Indemnitee has been successful on the merits or otherwise
in such action, suit or proceeding. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by clear and convincing evidence. 

5

 

        (i)    The
termination of any Proceeding or of any claim, issue or matter in such Proceeding, by judgment, order, settlement or conviction, or upon a plea of nolo contendere or
its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did
not act in good faith and in a manner
which he/she reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his
conduct was unlawful. 

        7.    Remedies of Indemnitee.    

        (a)   If
(i) a determination is made pursuant to Section 6 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement,
(ii) advancement of Expenses is not timely made pursuant to Section 5 of this Agreement, (iii) no determination of entitlement to indemnification is made pursuant to
Section 6(b) of this Agreement within 90 days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to this
Agreement within 10 days after receipt by the Company of a written request therefor, or (v) payment of indemnification is not made within 10 days after a determination has been
made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 6 of this Agreement, Indemnitee shall be entitled to an adjudication in
an appropriate court of competent jurisdiction, of Indemnitee's entitlement to such indemnification. Indemnitee shall commence such proceeding seeking an adjudication within 180 days following
the date on which Indemnitee first has the right to commence such proceeding pursuant to this Section 7(a). The Company shall not oppose Indemnitee's right to seek any such adjudication. 

        (b)   If
a determination shall have been made pursuant to Section 6(b) of this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding
commenced pursuant to this Section 7 shall be conducted in all respects as a de novo trial on the merits, and Indemnitee shall not be prejudiced by reason of the adverse determination under
Section 6(b). 

        (c)   If
a determination shall have been made pursuant to Section 6(b) of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by
such determination in any judicial proceeding commenced pursuant to this Section 7, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact
necessary to make Indemnitee's misstatement not materially misleading in connection with the application for indemnification, or (ii) a prohibition of such indemnification under applicable law. 

        (d)   If
Indemnitee, pursuant to this Section 7, seeks a judicial determination of his/her rights under, or to recover damages for breach of, this Agreement, or to
recover under any directors' and officers' liability insurance policies maintained by the Company, the Company shall pay on his/her behalf, in advance, any and all expenses (of the types described in
the definition of Expenses in Section 13 of this Agreement) actually and reasonably incurred by him/her in such judicial adjudication, regardless of whether Indemnitee ultimately is determined
to be entitled to such indemnification, advancement of expenses or insurance recovery. 

        (e)   The
Company shall be precluded from asserting in any judicial proceeding commenced pursuant to this Section 7 that the procedures and presumptions of this
Agreement are not valid, binding and
enforceable and shall stipulate in any such court that the Company is bound by all the provisions of this Agreement. The Company shall indemnify Indemnitee against any and all Expenses and, if
requested by Indemnitee, shall (within 10 days after receipt by the Company of a written request therefor) advance, to the extent not prohibited by law, such expenses to Indemnitee, which are
incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification or advance of Expenses from the Company under this Agreement or under any directors' and officers'
liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement of Expenses or insurance recovery,
as the case may be. 

6

  

        (f)    Notwithstanding
anything in this Agreement to the contrary, no determination as to entitlement to indemnification under this Agreement shall be required to be made prior
to the final disposition of the Proceeding. 

        8.    Non-Exclusivity; Survival of Rights; Insurance; Subrogation.    

        (a)   The
rights of indemnification as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under
applicable law, the Articles of Incorporation or Bylaws of the Company, any agreement, a vote of stockholders, a resolution of directors or otherwise. No amendment, alteration or repeal of this
Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his Corporate Status prior to
such amendment, alteration or repeal. To the extent that a change in the Nevada Revised Statutes, whether by statute or judicial decision, permits greater indemnification than would be afforded
currently under the Company's Articles of Incorporation, the Bylaws and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so
afforded by such change. No right or remedy conferred under this Agreement is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in
addition to every other right and remedy given under this Agreement or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy under this
Agreement, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy. 

        (b)   The
Company shall maintain director and officer liability insurance with not less than $                        of coverage per
incident. In all policies of liability insurance
for directors, officers, employees, or agents or fiduciaries of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise that such person
serves at the request of the Company, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably insured of
the Company's officers and directors. The Company shall give prompt notice of any claim made pursuant to the terms of this Agreement to the appropriate insurers in accordance with the procedures set
forth in the applicable policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of
such proceeding in accordance with the terms of such policies. 

        (c)   If
the Company makes any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who
shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such
rights. 

        (d)   The
Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the extent that Indemnitee has otherwise
actually received such payment under any insurance policy, contract, agreement or otherwise. 

        (e)   The
Company's obligation to indemnify or advance Expenses under this Agreement to Indemnitee who is or was serving at the request of the Company as a director, officer,
employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise shall be reduced by any amount Indemnitee has actually received as
indemnification or advancement of expenses from such other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise. 

7

 

        9.    Exception to Right of Indemnification.    Notwithstanding any provision in this Agreement, the Company shall not
be obligated under this Agreement to make any indemnity in connection with any claim made against Indemnitee: 

        (a)   for
which payment has actually been made to or on behalf of Indemnitee under any insurance policy or other indemnity provision, except with respect to any excess beyond
the amount paid under any insurance policy or other indemnity provision; 

        (b)   for
an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b)
of the Securities Exchange Act of 1934, as amended ("Exchange Act"), or similar provisions of state statutory law or common law; 

        (c)   in
connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by
Indemnitee against the Company or its directors, officers, employees or other indemnitees, unless (i) the Board authorized the Proceeding (or any part of any Proceeding) prior to its initiation
or (ii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law; 

        (d)   with
respect to any proceeding instituted by the Indemnitee to enforce or interpret this Agreement, if a court of competent jurisdiction determines that each of the
material assertions made by the Indemnitee in such proceeding was not made in good faith or was frivolous; or 

        (e)   for
any amounts paid or to be paid in settlement of any claim without the express prior written consent of the Company. Neither the Company nor the Indemnitee shall
unreasonably withhold consent to any proposed settlement. 

        10.    Duration of Agreement.    This Agreement shall be binding upon and inure to the benefit of and be enforceable
by the parties hereto and their respective successors (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets
of the Company), assigns, spouses, heirs, executors and personal and legal representatives. All agreements and obligations of the Company contained in this Agreement shall continue for the benefit of
Indemnitee and Indemnitee's successors, assigns, spouses, heirs, executors and personal and legal representatives after Indemnitee has ceased to have Corporate Status. 

        11.    Mutual Acknowledgement.    Both the Company and the Indemnitee acknowledge that, in certain instances, Federal
law or applicable public policy may prohibit the Company from indemnifying its directors and officers under this Agreement or otherwise. The Indemnitee understands and acknowledges that the Company
has undertaken or may be required in the future to undertake with the Securities and Exchange Commission to submit the question of indemnification to a court in certain circumstances for a
determination of the Company's ability under public policy to indemnify the Indemnitee. 

        12.    Security.    To the extent reasonably requested by Indemnitee and approved by the Board, the Company may at any
time and from time to time provide security to Indemnitee for the Company's obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once
provided to Indemnitee, may not be revoked or released without the prior written consent of the Indemnitee, not to be unreasonably withheld. 

        13.    Enforcement.    

        (a)   The
Company expressly confirms that it has entered into this Agreement and assumes the obligations imposed on it hereby in order to induce Indemnitee to serve as a
director or officer of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director or officer of the Company. 

8

 

        (b)   This
Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and
understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof. 

        14.    Definitions.    For purposes of this Agreement: 

        (a)   "Beneficial
Owner" shall have the meaning given to such term in Rule 13d-3 under the Exchange Act. However, Beneficial Owner shall exclude any Person
otherwise becoming a Beneficial Owner by reason of the stockholders of the Company after the date hereof approving a merger of the Company with another entity. 

        (b)   "Change
in Control" shall be deemed to occur upon the earliest to occur after the date of this Agreement of any of the following events: 

        (i)    Acquisition of Stock by Third Party.    Any Person (as defined below) is or becomes the Beneficial Owner,
directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company's then outstanding securities; 

        (ii)    Corporate Transactions.    The effective date of a merger or consolidation of the Company with any other
entity, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by
remaining outstanding or by being converted into voting securities of the surviving entity) more than 50% of the combined voting power of the voting securities of the surviving entity outstanding
immediately after such merger or consolidation and with the power to elect at least a majority of the board of directors or other governing body of such surviving entity; 

        (iii)    Liquidation.    The approval by the stockholders of the Company of a complete liquidation of the Company or
an agreement for the sale or disposition by the Company of all or substantially all of the Company's assets; and 

        (iv)    Other Events.    There occurs any other event of a nature that would be required to be reported in response to
Item 6(e) of Schedule 14A of Regulation 14A (or a response to any similar item on any similar schedule or form) promulgated under the Exchange Act, whether or not the Company is then
subject to such reporting requirement. 

        (c)   "Corporate
Status" describes the status of a person who is or was a director, officer, employee, agent or fiduciary of the Company or of any other corporation,
partnership, joint venture, trust, employee benefit plan or other enterprise that such person is or was serving at the request of the Company. 

        (d)   "Disinterested
Director" means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee. 

        (e)   "Enterprise"
shall mean the Company and any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise that Indemnitee is or was
serving at the request of the Company as a director, officer, employee, agent or fiduciary. 

        (f)    "Expenses"
shall include all reasonable attorneys' fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs,
printing and binding costs, telephone charges, postage, delivery service fees and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending,
preparing to prosecute or defend, investigating, participating, or being or preparing to be a witness in a Proceeding. Expenses shall also include Expenses incurred in connection with any appeal
resulting from any Proceeding, including without limitation the premium, security for, and other costs relating to any cost bond, supersedeas bond, or
other appeal bond or its equivalent. Expenses, however, shall not include 

9

 

amounts
paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee. 

        (g)   "Independent
Counsel" means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently is, nor in the past five years
has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party (other than with respect to matters concerning Indemnitee under this Agreement, or of
other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the
term "Independent Counsel" shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the
Company or Indemnitee in an action to determine Indemnitee's rights under this Agreement. The Company shall pay the reasonable fees of the Independent Counsel referred to above and to fully indemnify
such counsel against any and all expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. 

        (h)   "Person"
shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act. However, Person shall exclude (i) the Company, (ii) any
trustee or other fiduciary holding securities under an employee benefit plan of the Company, and (iii) any corporation owned, directly or indirectly, by the stockholders of the Company in
substantially the same proportions as their ownership of stock of the Company. 

        (i)    "Proceeding"
includes any threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative
hearing or any other actual, threatened or completed proceeding, whether brought by or in the right of the Company or otherwise
and whether civil, criminal, administrative or investigative, in which Indemnitee was, is or will be involved as a party or otherwise, by reason of the fact that Indemnitee is or was an officer or
director of the Company, by reason of any action taken by him/her or of any inaction on his/her part while acting as an officer or director of the Company, or by reason of the fact that he/she is or
was serving at the request of the Company as a director, officer, employee, agent or fiduciary of another corporation, partnership, joint venture, trust or other Enterprise, in each case whether or
not he/she is acting or serving in any such capacity at the time any liability or expense is incurred for which indemnification can be provided under this Agreement. Proceeding includes one pending on
or before the date of this Agreement, but excludes one initiated by an Indemnitee pursuant to Section 7 of this Agreement to enforce his/her rights under this Agreement. 

        15.    Severability.    The invalidity or unenforceability of any provision hereof shall in no way affect the validity
or enforceability of any other provision. Without limiting the generality of the foregoing, this Agreement is intended to confer upon Indemnitee indemnification rights to the fullest extent permitted
by applicable laws. In the event any provision hereof conflicts with any applicable law, such provision shall be deemed modified, consistent with the aforementioned intent, to the extent necessary to
resolve such conflict. 

        16.    Modification and Waiver.    No supplement, modification, termination or amendment of this Agreement shall be
binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof
(whether or not similar) nor shall such waiver constitute a continuing waiver. 

        17.    Notice By Indemnitee.    Indemnitee shall promptly notify the Company in writing upon being served with or
otherwise receiving any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification covered
hereunder. The failure to so notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement or otherwise unless and only to the 

10

 

extent
that such failure or delay materially prejudices the Company. In addition, the Indemnitee shall provide the Company with such information and cooperation as it may reasonably require. 

        18.    Notices.    All notices and other communications given or made pursuant to this Agreement shall be in writing
and shall be deemed effectively given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal business
hours of the recipient, and if not so confirmed, then on the next business day, (c) five days after having been sent by registered or certified mail, return receipt requested, postage prepaid,
or (d) one day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent: 

	(a)
	To
Indemnitee at the address set forth below Indemnitee signature hereto.

	(b)
	To
the Company at: 

Allegiant
Travel Company

Suite B-9

3301 N. Buffalo

Las Vegas, Nevada 89129

Attention:           

Tel: (702) 851-7300

Fax: (702) 851-7301

Email:                        @allegiantair.com 

with
a copy (not to constitute notice) sent at the same time and by the same means to: 

Ellis
Funk, P.C.

Suite 400

3490 Piedmont Road, NE

Atlanta, Georgia 30305

Attention: Robert B. Goldberg, Esq.

Tel: (404) 233-2800

Fax: (404) 233-2188

Email: rgoldberg@ellisfunk.com 

or
to such other address as may have been furnished to Indemnitee by the Company or to the Company by Indemnitee, as the case may be. 

        19.    Counterparts.    This Agreement may be executed in two or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same Agreement. This Agreement may also be executed and delivered by facsimile signature and in two or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same instrument. 

        20.    Headings.    The headings of the paragraphs of this Agreement are inserted for convenience only and shall not
be deemed to constitute part of this Agreement or to affect the construction thereof. 

        21.    Governing Law and Consent to Jurisdiction.    This Agreement and the legal relations among the parties shall be
governed by, and construed and enforced in accordance with, the laws of the State of Nevada, without regard to its conflict of laws rules. The Company and Indemnitee hereby irrevocably and
unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be brought only in a court of competent jurisdiction located in Clark County,
Nevada (the "Nevada Court"), and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction
of the Nevada Court for purposes of any action or proceeding arising out of or in connection with this 

11

 

Agreement,
(iii) waive any objection to the laying of venue of any such action or proceeding in the Nevada Court, and (iv) waive, and agree not to plead or to make, any claim that any
such action or proceeding brought in the Nevada Court has been brought in an improper or inconvenient forum. 

        21.    Interpretation.    No provisions of this Agreement will be interpreted in favor of, or against, any of the
parties hereto by reason of the extent to which any such party or its counsel participated in the drafting thereof or by reason of the extent to which any such provision is inconsistent with any prior
draft hereof or thereof. 

        [THE
REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

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        IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and year first above written. 

	 	 	COMPANY:
	 	 	ALLEGIANT TRAVEL COMPANY
	

 	
 	

By:	
 	

	

 	
 	

 	
 	

Name:	

	

 	
 	

 	
 	

Title:	

	

 	
 	

INDEMNITEE:
	

 	
 	

	

 	
 	

Address:
	

 	
 	

	

 	
 	

	

 	
 	

Telephone:	

	

 	
 	

Facsimile:	

	

 	
 	

Email:	

13

QuickLinks

INDEMNIFICATION AGREEMENT

BACKGROUND

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