Document:

Third Amendment to Amended and Restated Rights Agreement

 Exhibit 4.1 

THIRD AMENDMENT TO 

AMENDED AND RESTATED RIGHTS AGREEMENT 

This Amendment (the “Third Amendment”), dated as of August 3, 2010, by and between ExpressJet Holdings, Inc., a
Delaware corporation (the “Company”), and Mellon Investor Services LLC, a New Jersey limited liability company (the “Rights Agent”), constitutes the Third Amendment to the Amended and Restated Rights Agreement,
dated as of April 1, 2002 (the “Amended and Restated Rights Agreement”), by and among the Company, the Rights Agent and, for purposes of Sections 27, 29 and 35 only, Continental Airlines, Inc., a Delaware corporation
(“Continental”), as previously amended by the First Amendment thereto, dated as of December 13, 2006, and the Second Amendment thereto, dated as of July 25, 2008 (as so amended, the “Rights Agreement”).

 WHEREAS, the Company proposes to enter into an Agreement and Plan of Merger, dated as of August 3, 2010 (the
“Merger Agreement”), by and among the Company, SkyWest, Inc., a Utah corporation (“SkyWest”), and Express Delaware Merger Co., a Delaware corporation (“Merger Sub”); 

WHEREAS, the Board of Directors of the Company has determined it advisable and in the best interest of the Company’s
stockholders to amend the Rights Agreement to enable the Company to enter into the Merger Agreement and consummate the transactions contemplated thereby without causing SkyWest or any of its subsidiaries to become an “Acquiring Person” (as
defined in the Rights Agreement); and 
 WHEREAS, although Continental is a party to the Rights Agreement for certain
limited purposes, Section 27 of the Rights Agreement permits this Third Amendment without the consent of Continental; 

NOW, THEREFORE, in consideration of the premises and mutual agreements set forth herein and in the Rights Agreement, the parties
hereby agree as follows: 
 Section 1. Definitions. Capitalized terms used and not otherwise defined herein
shall have the meaning assigned to such terms in the Rights Agreement. 
 Section 2. Amendments to Rights
Agreement. The Rights Agreement is hereby amended as set forth in this Section 2. 
 (a) The
definition of “Acquiring Person” in Section 1 of the Rights Agreement is amended to add the following sentence at the end thereof: 

“Notwithstanding anything in this Agreement to the contrary, none of SkyWest, Merger Sub or any Affiliate or Associate of either of
them shall be deemed to be an Acquiring Person, either individually or collectively, solely as a result of any or all of the Merger Events.” 

(b) The definition of “Final Expiration Date” in Section 1 of the Rights Agreement is amended to replace
the words “September 12, 2011.” with the words “the earlier of (i) the Effective Time (as such term is defined in the Merger Agreement) of the Merger (as such term is defined in the Merger Agreement) and
(ii) September 12, 2011.” 
  

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 (c) The definition of “Shares Acquisition Date” in Section 1
of the Rights Agreement is amended to add the following sentence at the end thereof: 
 “Notwithstanding anything in this
Agreement to the contrary, a Shares Acquisition Date shall not be deemed to have occurred solely as the result of any or all of the Merger Events.” 

(d) The following definitions shall be added to Section 1 of the Rights Agreement: 

“SkyWest” shall mean SkyWest, Inc., a Utah corporation. 

“Merger Agreement” shall mean the Agreement and Plan of Merger dated as of August 3, 2010 by and among the Company, SkyWest
and Merger Sub. 
 “Merger Events” shall mean (i) the announcement of the Merger (as such term is defined in the
Merger Agreement), (ii) the execution and delivery of the Merger Agreement, (iii) the conversion of Common Shares into the right to receive the Merger Consideration (as such term is defined in the Merger Agreement) in accordance with
Article I of the Merger Agreement and (iv) the consummation of the Merger (as such term is defined in the Merger Agreement) or any other transaction contemplated by the Merger Agreement. 

“Merger Sub” shall mean Express Delaware Merger Co., a Delaware corporation. 

(e) Section 3(a) of the Rights Agreement is amended to add the following sentence immediately following the first
sentence thereof: 
 “Notwithstanding anything in this Agreement to the contrary, a Distribution Date shall not be deemed to
have occurred solely as the result of any or all of the Merger Events.” 
 (f) Section 13 of the Rights
Agreement is amended to add the following sentence immediately following the first sentence thereof: 
 “Notwithstanding
anything in this Agreement to the contrary, a Section 13 Trigger Date shall not be deemed to have occurred solely as the result of any or all of the Merger Events.” 

 

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 Section 3. Miscellaneous.  

(a) This Third Amendment shall be effective as of the date first above written, and, except as set forth herein, the
Rights Agreement shall remain in full force and effect and shall be otherwise unaffected hereby. 
 (b) The term
“Agreement” or “Rights Agreement” as used in the Rights Agreement shall mean the Rights Agreement, as amended by this Third Amendment, and as it may from time to time be amended in the future by one or more other written
amendment or modification agreements entered into pursuant to the applicable provisions of the Rights Agreement. 

(c) This Third Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective
successors and assigns. Without limiting the foregoing, the Rights Agent shall not be subject to, required to interpret or comply with, or determine if any Person has complied with, the Merger Agreement, even though reference thereto may be made in
this Third Amendment and the Rights Agreement. 
 (d) This Third Amendment shall be governed by and construed and
enforced in accordance with the laws of the State of Delaware applicable to contracts to be made and performed entirely within such State; provided, however, that all provisions regarding the rights, duties, obligations and liabilities
of the Rights Agent shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts to be made and performed entirely within such State. 

(e) This Third Amendment is not intended to be, nor shall it be construed to be, a novation. 

(f) This Third Amendment may be executed in two or more counterparts, each of which shall be deemed to be an original, but
all for which together shall constitute one and the same instrument. 
 [Signature page follows] 

 

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 IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be duly executed
as of the date first written above. 
  

			
	EXPRESSJET HOLDINGS, INC.
		
	By:	 	 /s/ Thomas M. Hanley

	Name:	 	Thomas M. Hanley
	Title:	 	President and Chief Executive Officer
	
	 MELLON INVESTOR SERVICES LLC,

as Rights Agent

		
	By:	 	 /s/ Patricia T. Knight

	Name:	 	Patricia T. Knight
	Title:	 	Vice President and Relationship Manager

  

 4Second Amendment to the Credit Agreement

 Exhibit 10.1 

SECOND AMENDMENT TO CREDIT AGREEMENT 

SECOND TO CREDIT AGREEMENT (this “Second Amendment”), dated as of May 24, 2010, by and among FAIRCHILD
SEMICONDUCTOR INTERNATIONAL, INC., a Delaware corporation (“Holdings”), FAIRCHILD SEMICONDUCTOR CORPORATION, a Delaware corporation (the “Borrower”), the lenders from time to time party to the Credit Agreement
referred to below (the “Lenders”) and DEUTSCHE BANK TRUST COMPANY AMERICAS (“DBTCA”), as Administrative Agent (in such capacity, the “Administrative Agent”). 

W I T N E S S E T H : 

WHEREAS, Holdings, the Borrower, the Lenders, the Administrative Agent, Bank of America, N.A., as Syndication Agent, and JPMorgan Chase
Bank, N.A., Citicorp USA, Inc. and Citizens Bank of Massachusetts, as Co-Documentation Agents, are parties to a Credit Agreement, dated as of June 26, 2006 (as amended, modified and/or supplemented to, but not including, the date hereof, the
“Credit Agreement”; terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement, unless otherwise defined herein); and 

WHEREAS, subject to the terms and conditions of this Second Amendment, the parties hereto wish to amend certain provisions of the Credit
Agreement as provided herein. 
 NOW, THEREFORE, it is agreed: 

ARTICLE 1 

Amendments to Credit Agreement 

Section 1.1 Cumulative Consolidated Net Income. The definition of “Cumulative Consolidated Net
Income” appearing in Section 11.01 of the Credit Agreement is hereby amended by inserting the following text at the end of said definition: 

“(but, for this purpose, Cumulative Consolidated Net Income shall be calculated without giving effect to Holdings’ non-cash
impairment charge to goodwill taken in its fiscal quarter ended December 28, 2008)”. 
 Section 1.2
Permitted Foreign Acquisition/Foreign Investment Basket Amount. The definition of “Permitted Foreign Acquisition/Foreign Investment Basket Amount” appearing in Section 11.01 of the Credit Agreement is hereby amended by
inserting the following text at the end of said definition: 
 “; provided, further, that, with respect to all
periods from and after the Second Amendment Effective Date, the calculation of the utilization of such aggregate amount for purposes of Sections 8.15(a)(v) and 9.05(x) shall be made without giving effect to any utilization of such aggregate amount
as a result of any transaction consummated pursuant to either such Section prior to the Second Amendment Effective Date”. 
  

 -1- 

 Section 1.3 Section 11.01. Section 11.01 of the Credit
Agreement is hereby amended by inserting the following new definitions in the correct alphabetical order: 

“Second Amendment” shall mean the Second Amendment to this Agreement, dated as of May 24, 2010, among
Holdings, the Borrower, the Lenders and the Administrative Agent. 
 “Second Amendment Effective Date”
shall have the meaning set forth in the Second Amendment. 
 ARTICLE 2 

Miscellaneous 

Section 2.1 Conditions to Effectiveness. This Second Amendment shall become effective on the date (the “Second
Amendment Effective Date”) on which: 
 (a) Second Amendment. Holdings, the Borrower and the Lenders
constituting the Required Lenders shall have signed a counterpart hereof (whether the same or different counterparts) and shall have delivered (including by way of facsimile or other electronic transmission) the same to White & Case LLP,
1155 Avenue of the Americas, New York, NY 10036; Attention: May Yip (facsimile number: 212-354-8113 / email: myip@whitecase.com); 

(b) No Default. No Default or Event of Default shall have occurred and be continuing under the Credit Agreement; 

(c) Amendment Fee. The Borrower shall have paid to the Administrative Agent for the account of each Lender which has executed and
delivered to the Administrative Agent (or its designee) a counterpart hereof by 5:30 P.M. (New York City time) on May 24, 2010 (or, if the Second Amendment Effective Date has not occurred by such time and date, to each Lender which has executed
and delivered to the Administrative Agent (or its designee) by the time that the condition set forth in clause (a) above has been satisfied), a non-refundable cash fee (the “Amendment Fee”) in Dollars in an amount equal to 5
basis points (0.05%) on an amount equal to the sum of (i) the aggregate principal amount of all Term Loans of such Lender outstanding on the Second Amendment Effective Date (immediately prior to the occurrence thereof) plus (ii) the
Revolving Loan Commitment of such Lender as in effect on the Second Amendment Effective Date (immediately prior to the occurrence thereof). The Amendment Fee shall not be subject to counterclaim or set-off, or be otherwise affected by, any claim or
dispute relating to any other matter. Any Amendment Fee paid hereunder shall be promptly distributed by the Administrative Agent to the relevant Lenders; and 

(d) Fees and Expenses. The Borrower shall have paid to the Administrative Agent (and/or its respective affiliates) all fees, costs
and expenses to the extent then due (including the reasonable fees and expenses of White & Case LLP to the extent invoiced). 
  

 -2- 

 Section 2.2 Representation and Warranties. On the Second Amendment
Effective Date, both immediately before and after giving effect to the waivers and amendments contained herein, each of Holdings and the Borrower hereby represents and warrants that (i) no Default or Event of Default exists as of the Second
Amendment Effective Date and (ii) all of the representations and warranties contained in the Credit Agreement and in the other Credit Documents are true and correct in all material respects on the Second Amendment Effective Date, with the same
effect as though such representations and warranties had been made on and as of the Second Amendment Effective Date (it being understood that any representation or warranty made as of a specific date shall be true and correct in all material
respects as of such specific date). 
 Section 2.3 Continuing Effect; No Other Waivers or Amendments. The
Credit Agreement is modified only by the express provisions of this Second Amendment and this Second Amendment shall not constitute a modification, acceptance or waiver of any other provision of the Credit Agreement or any other Credit Document.

 Section 2.4 Counterparts. This Second Amendment may be executed in any number of separate counterparts by
the parties hereto (including by telecopy or via electronic mail), each of which counterparts when so executed shall be an original, but all the counterparts shall together constitute one and the same instrument. 

Section 2.5 References to Credit Agreement. From and after the Second Amendment Effective Date, all references in the
Credit Agreement and the other Credit Documents to the Credit Agreement shall be deemed to be references to the Credit Agreement as modified hereby. 

Section 2.6 Payment of Fees and Expenses. The Borrower agrees to pay or reimburse the Administrative Agent for all of
its reasonable out-of-pocket costs and reasonable expenses incurred in connection with this Second Amendment, any other documents prepared in connection herewith and the transactions contemplated hereby, including, without limitation, the reasonable
and invoiced fees, charges and disbursements of counsel to the Administrative Agent. 
 Section 2.7 GOVERNING
LAW. THIS SECOND AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS SECOND AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

*    *    * 

 

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 IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute
and deliver this Second Amendment as of the date first above written. 
  

			
	FAIRCHILD SEMICONDUCTOR INTERNATIONAL INC.
		
	By:	 	
         

		 	Name:
		 	Title: Corporate Controller
	
	FAIRCHILD SEMICONDUCTOR CORPORATION
		
	By:	 	
         

		 	Name:
		 	Title: Corporate Controller

Signature Page to Fairchild Second Amendment to Credit Agreement 

			
	 DEUTSCHE BANK TRUST COMPANY AMERICAS,
Individually and as Administrative Agent

		
	By:	 	
             

		 	Name: Paul O’Leary
		 	Title: Director
		
	By:	 	
             

		 	Name: Omayra Laucella
		 	Title: Vice President

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