Document:

SWDocIDFinancial Guaranty Insurance Company
125 Park Avenue
New York, New York 10017
(212) 312-3000 (800) 352-0001

SURETY BOND

Form 9133
Page 1 of 5

Issuer: GMACM Home Equity Loan                     Policy Number:  03030009
        Trust 2003-HE2                             Control Number:  0010001

Insured Obligations:
$634,646,000 in principal amount of GMACM Home Equity Loan-Backed Notes,  Series
2003-HE2,  Class A-1,  Class A-2, Class A-3, Class A-4, Class A-5 and Class A-IO
(collectively, the "Class A Notes")

Indenture Trustee:  Wells Fargo Bank Minnesota, N.A.

Financial Guaranty Insurance Company  ("Financial  Guaranty"),  a New York stock
insurance  company,  in  consideration  of the right of  Financial  Guaranty  to
receive  monthly  premiums  pursuant to the Indenture (as defined below) and the
Insurance Agreement referred to therein, and subject to the terms of this Surety
Bond, hereby  unconditionally and irrevocably agrees to pay each Insured Amount,
to the extent set forth in the Indenture,  to the Indenture  Trustee named above
or its  successor,  as trustee for the  Holders of the Class A Notes,  except as
otherwise provided herein with respect to Preference Amounts.  Capitalized terms
used and not otherwise  defined herein shall have the meanings  assigned to such
terms in the Annex A attached to the  Indenture as in effect and executed on the
date hereof.

The term "Insured  Amount" for any Payment Date means (1) any Deficiency  Amount
for such Payment Date and the Class A Notes and (2) any Preference  Amount to be
paid pursuant to the terms of this Surety Bond on the Payment Date in respect of
the Class A Notes.

The term  "Deficiency  Amount"  means,  with respect to any Payment Date and the
Class A Notes, as applicable, an amount, if any, equal to the sum of:

        (1)     the amount by which the aggregate  amount of accrued interest on
                the Class A Notes,  excluding any Relief Act Shortfalls for that
                Payment Date, at the respective  Note Rates on that Payment Date
                exceeds  the  amount  on  deposit  in the Note  Payment  Account
                available  for  interest  distributions  on the Class A Notes on
                that Payment Date; and

        (2)     (i) with  respect  to any  Payment  Date  that is not the  Final
                Payment Date,  any  Liquidation  Loss Amount with respect to the
                Mortgage  Loans  for  that  Payment  Date,  to  the  extent  not
                distributed as part of the Liquidation Loss Distribution  Amount
                for that Payment Date or reflected as a reduction in the related
                Overcollateralization Amount; or

<PAGE>

                (ii)  on the  Final  Payment  Date,  the  aggregate  outstanding
                balance of the Class A Notes,  other than the Class A-IO  Notes,
                to the extent otherwise not paid on that date.

The term  "Final  Payment  Date" for each  Class of the Class A Notes  means the
Payment Date occurring in April 2033.

Financial  Guaranty  will pay a  Deficiency  Amount with  respect to the Class A
Notes by 12:00 noon (New York City Time) in immediately  available  funds to the
Indenture  Trustee on the later of (i) the second  Business  Day  following  the
Business  Day on which  Financial  Guaranty  shall have  received  Notice that a
Deficiency  Amount is due in respect of the Class A Notes,  and (ii) the Payment
Date on which the  related  Deficiency  Amount is payable to the  Holders of the
Class A Notes pursuant to the Indenture,  for disbursement to the Holders of the
Class A Notes in the same manner as other  payments  with respect to the Class A
Notes are required to be made. Any Notice  received by Financial  Guaranty after
12:00 noon New York City time on a given  Business Day or on any day that is not
a Business Day shall be deemed to have been  received by  Financial  Guaranty on
the next succeeding Business Day.

Upon payment of a Deficiency Amount hereunder, Financial Guaranty shall be fully
subrogated  to the rights of the  Holders  of the Class A Notes to  receive  the
amount so paid.  Financial  Guaranty's  obligations  with respect to the Class A
Notes  hereunder  with respect to each Payment Date shall be  discharged  to the
extent funds  consisting  of the related  Deficiency  Amount are received by the
Indenture  Trustee on behalf of the  Holders of the Class A Notes for payment to
such Holders, as provided in the Indenture and herein, whether or not such funds
are properly applied by the Indenture Trustee.

If any  portion  or all of  any  amount  that  is  insured  hereunder  that  was
previously distributed to a holder of Class A Notes is recoverable and recovered
from such Holder as a voidable preference by a trustee in bankruptcy pursuant to
the U.S.  Bankruptcy Code, pursuant to a final  non-appealable  order of a court
exercising  proper  jurisdiction  in an insolvency  proceeding (a "Final Order")
(such recovered amount, a "Preference  Amount"),  Financial Guaranty will pay on
the guarantee  described in the first paragraph  hereof, an amount equal to each
such  Preference  Amount by 12:00  noon on the  second  Business  Day  following
receipt by Financial  Guaranty on a Business Day of (x) a certified  copy of the
court order  requiring  the return of the  Preference  Amount,  together with an
opinion of counsel  satisfactory  to Financial  Guaranty that the order is final
and not  subject  to  appeal  (a  "Final  Order"),  (y) an  assignment,  in form
reasonably   satisfactory  to  Financial  Guaranty,   irrevocably  assigning  to
Financial  Guaranty all rights and claims of the Indenture  Trustee  and/or such
Holder  of the  Class A Notes  relating  to or  arising  under any Class A Notes
against  the  debtor  who  paid  such  Preference  Amount  and  constituting  an
appropriate instrument,  in form satisfactory to Financial Guaranty,  appointing
Financial  Guaranty as the agent of the Indenture  Trustee and/or such Holder in
respect of such Preference  Amount,  including  without  limitation in any legal
proceeding  related to the  Preference  Amount,  and (z) a Notice  appropriately

                                        2
<PAGE>

completed and executed by the Indenture  Trustee or such Holder, as the case may
be.   Such   payment   shall   be   made   to   the    receiver,    conservator,
debtor-in-possession  or trustee in bankruptcy  named in the Final Order and not
to the  Indenture  Trustee or Holder of the Class A Notes  directly  (unless the
Holder  has  previously   paid  such  amount  to  such  receiver,   conservator,
debtor-in-possession  or trustee named in such Final Order in which case payment
shall be made to the  Indenture  Trustee  for  distribution  to the Holder  upon
delivery  of  proof  of  such  payment  reasonably   satisfactory  to  Financial
Guaranty).  Notwithstanding the foregoing,  in no event shall Financial Guaranty
be (i)  required  to make any  payment  under this Surety Bond in respect of any
Preference  Amount to the extent such Preference  Amount is comprised of amounts
previously paid by Financial Guaranty  hereunder,  or (ii) obligated to make any
payment in respect of any Preference Amount,  which payment represents a payment
of the  principal  amount  of any  Class A Notes,  prior  to the time  Financial
Guaranty otherwise would have been required to make a payment in respect of such
principal,  in which  case  Financial  Guaranty  shall  pay the  balance  of the
Preference Amount when such amount otherwise would have been required.

Any of the  documents  required  under  clauses (x) through (z) of the preceding
paragraph that are received by Financial Guaranty after 12:00 noon New York City
time on a given  Business  Day or on any day that is not a Business Day shall be
deemed  to have been  received  by  Financial  Guaranty  on the next  succeeding
Business Day. If any notice received by Financial Guaranty is not in proper form
or is otherwise insufficient for the purpose of making a claim under this Surety
Bond,  it will be deemed not to have been  received by Financial  Guaranty,  and
Financial  Guaranty  will  promptly  so advise the  Indenture  Trustee,  and the
Indenture  Trustee may submit an amended Notice.  All payments made by Financial
Guaranty  hereunder in respect of Preference Amounts will be made with Financial
Guaranty's own funds.

This Surety Bond is non-cancelable for any reason,  including  nonpayment of any
premium.  The  premium on this  Surety  Bond is not  refundable  for any reason,
including the payment of any Class A Notes prior to their respective maturities.
This Surety Bond shall  expire and  terminate  without any action on the part of
Financial  Guaranty or any other Person on the date that is the later of (i) the
date that is one year and one day  following the date on which the Class A Notes
shall have been paid in full and (ii) if any insolvency  proceeding with respect
to which the Depositor is the debtor has been  commenced on or prior to the date
specified  in  clause  (i)  above,  the 30th  day  after  the  entry of a final,
non-appealable order in resolution or settlement of such proceeding.

A monthly  premium  shall be due and  payable  in  arrears  as  provided  in the
Indenture and the Insurance Agreement.

This Surety Bond is subject to and shall be governed by the laws of the State of
New York, without giving effect to the conflicting laws principles thereof.  The
proper  venue for any  action or  proceeding  on this  Surety  Bond shall be the
County of New York,  State of New York.  The  insurance  provided by this Surety

                                        3
<PAGE>

Bond is not covered by the New York  Property/Casualty  Insurance  Security Fund
(New York Insurance Code, Article 76).

To the fullest extent  permitted by applicable  law,  Financial  Guaranty hereby
waives,  solely for the benefit of Holders of the Notes all defenses of any kind
(including,  without limitation, the defense of fraud in inducement or fact, any
defense  based on any duty  claimed to arise from the  doctrine of "utmost  good
faith" or any similar or related doctrine or any other  circumstances that would
have the effect of discharging a surety, guarantor or any other person in law or
in equity) that Financial Guaranty otherwise might have asserted as a defense to
its  obligation  to pay in full any amounts  that have become due and payable in
accordance  with the  terms  and  conditions  of this  Policy.  Nothing  in this
paragraph,  however,  shall be deemed  to  constitute  a waiver  of any  rights,
remedies,  claims or counterclaims that Financial Guaranty may have with respect
to the Issuer or GMACM, or any of their affiliates.

"Notice"  means a written notice in the form of Exhibit A to this Surety Bond by
registered or certified mail or telephonic or telegraphic  notice,  subsequently
confirmed by written notice delivered via telecopy,  telex or hand delivery from
the Indenture Trustee to Financial Guaranty specifying the information set forth
therein. "Holder" means, as to a particular Class A Note, the person, other than
the Issuer,  who, on the applicable Payment Date, is entitled under the terms of
such Class A Note to a  distribution  thereon.  "Indenture"  means the Indenture
relating  to the Class A Notes by and  between  GMACM  Home  Equity  Loan  Trust
2003-HE2, as Issuer, and Wells Fargo Bank Minnesota, N.A., as Indenture Trustee,
dated as of March  26,  2003.  "Insurance  Agreement"  means the  Insurance  and
Indemnity Agreement, among Financial Guaranty, GMAC Mortgage Corporation, Walnut
Grove  Mortgage  Loan Trust  2001-A,  Walnut Grove  Mortgage  Loan Trust 2003-A,
Residential  Asset  Mortgage  Products,  Inc.,  GMACM  Home  Equity  Loan  Trust
2003-HE2,  and the  Indenture  Trustee,  dated as of March 1,  2003.  "Servicing
Agreement"  means the Servicing  Agreement  relating to the Class A Notes by and
among GMAC  Mortgage  Corporation,  as  Servicer,  GMACM Home  Equity Loan Trust
2003-HE2, as Issuer, and the Indenture Trustee, dated as of March 26, 2003.

In the event  that  payments  under any  Class A Note are  accelerated,  nothing
herein  contained  shall  obligate  Financial  Guaranty  to make any  payment of
principal or interest on such Class A Note on an accelerated basis,  unless such
acceleration of payment by Financial Guaranty is at the sole option of Financial
Guaranty;  it being  understood  that a  payment  shortfall  in  respect  of the
redemption  of any Class A Note by reason of the  repurchase of the Trust Estate
pursuant  to  Section  8.08  of the  Servicing  Agreement  does  not  constitute
acceleration for the purposes hereof.

                                        4
<PAGE>

IN WITNESS WHEREOF, Financial Guaranty has caused this Surety Bond to be affixed
with its  corporate  seal and to be signed  by its duly  authorized  officer  in
facsimile to become  effective and binding upon Financial  Guaranty by virtue of
the countersignature of its duly authorized representative.

President                                    Authorized Representative

Effective Date:  March 26, 2003

                                        5

<PAGE>

                                    EXHIBIT A

                              NOTICE OF NONPAYMENT
                    AND DEMAND FOR PAYMENT OF INSURED AMOUNTS

To:    Financial Guaranty Insurance Company
       125 Park Avenue
       New York, New York 10017
       (212) 312-3000
       Attention:    General Counsel

       Telephone: (212) 312-3000
       Telecopier:  (212) 312-3220

Re:    GMACM Home Equity Loan-Backed Notes, Series 2003-HE2,
       Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class A-IO
       (together, the "Class A Notes")

               Policy No.  03030009 (the "Surety Bond")

Payment Date: __________________________

We refer to that certain  Indenture,  dated as of March 26, 2003, by and between
GMACM  Home  Equity  Loan  Trust  2003-HE2,  as  Issuer,  and Wells  Fargo  Bank
Minnesota,  N.A., as Indenture Trustee (the "Indenture"),  relating to the above
referenced Class A Notes. All capitalized  terms not otherwise defined herein or
in the Surety  Bond shall have the same  respective  meanings  assigned  to such
terms in the Indenture.

(a)     The Indenture Trustee has determined under the Indenture that in respect
        of the Payment Date:

        (1)    The insured  portion of the  distribution on the Class A Notes in
               respect  of the  Payment  Date  that  is due  to be  received  on
               ______________  under the Indenture,  is equal to $_____________,
               consisting of

               (A)    $ ___________ in respect of interest on the Class A Notes,
                      which is calculated as the amount by which:

                      (i)    $____________, constituting the aggregate amount of
                             accrued  interest  on the Class A Notes,  excluding
                             any Relief Act  Shortfalls,  for the Payment  Date;
                             exceeds

                      (ii)   $___________, representing the amount on deposit in
                             the Note  Payment  Account  available  for interest
                             distributions  to the Class A Notes on the  Payment
                             Date; plus

               (B)    $_____________  in  respect  of  principal  of the Class A
                      Notes other than the Class A-IO Notes, which is calculated
                      as the amount by which

<PAGE>

                      (i)    Liquidation   Loss  Amounts  with  respect  to  the
                             Mortgage  Loans for the Payment  Date,  which total
                             $_________, exceed

                      (ii)   the sum of

                             (x) $___________, representing the Liquidation Loss
                                 Distribution Amount for the Payment Date; and

                             (y)    $____________,  representing  the  amount of
                                    the  reduction in the  Overcollateralization
                                    Amount for the Payment Date.

        (2) [The  amount to be paid to the  Holders  of the Class A Notes on the
        Final Payment Date, which occurs on _____________, is $____________.]

        (3) The amounts  available in the Note Payment Account to be distributed
        on such Payment Date on the Class A Notes  pursuant to the  Indenture in
        payment of the items  identified in items (1) and (2) above,  as reduced
        by any  portion  thereof  that has been  deposited  in the Note  Payment
        Account  but may not be  withdrawn  therefrom  pursuant to an order of a
        United States bankruptcy court of competent jurisdiction imposing a stay
        pursuant to Section 362 of the United States Bankruptcy Code), is
        $---------------.

        Please be advised that, accordingly,  a Deficiency Amount exists for the
Payment  Date  identified  above  for  the  Class  A  Notes  in  the  amount  of
$__________.  This  Deficiency  Amount  constitutes an Insured Amount payable by
Financial Guaranty under the Surety Bond.

[In addition,  attached hereto is a copy of the Final Order in connection with a
Preference  Amount in the amount set forth therein,  together with an assignment
of rights and  appointment of agent and other  documents  required by the Surety
Bond in respect of Preference  Amounts.  The amount of the Preference  Amount is
$______________. This Preference Amount constitutes an Insured Amount payable by
Financial Guaranty under the Surety Bond.]

Accordingly,  pursuant to the Indenture, this statement constitutes a notice for
payment  of  an  Insured   Amount  by  Financial   Guaranty  in  the  amount  of
$_______________ under the Surety Bond.

(b) No payment  claimed  hereunder is in excess of the amount  payable under the
Surety Bond.

     The  amount   requested  in  this  Notice  should  be  paid  to:   [Payment
Instructions]

Any person who  knowingly  and with intent to defraud any  insurance  company or
other person files an application for insurance or statement of claim containing
any  materially  false  information  or conceals for the purpose of  misleading,
information concerning any fact material thereto, commits a fraudulent insurance
act,  which is a crime,  and shall  also be subject  to a civil  penalty  not to
exceed Five Thousand  Dollars  ($5,000.00) and the stated value of the claim for
each such violation.

                                        2
<PAGE>

        IN WITNESS  WHEREOF,  the  Indenture  Trustee has executed and delivered
this Notice of Nonpayment  and Demand for Payment of Insured  Amounts this _____
day of
----------------------.

                                    ----------------------------------------,
                              as Indenture Trustee

                                    By:     ___________________________________

                                    Title:  ___________________________________

                                        3
<PAGE>FIRST AMENDMENT TO

EXHIBIT 10.1

 

 

 

FIRST AMENDMENT TO

AMENDED AND RESTATED

CAPACITY PURCHASE AGREEMENT

among

Continental Airlines, Inc.,

ExpressJet Holdings, Inc.,

XJT Holdings, Inc.,

and

ExpressJet Airlines, Inc.

 

 

Dated as of March 27, 2003

TABLE OF CONTENTS

Page

Parties1

Recitals1

ARTICLE I

DEFINITIONS; INTERPRETATION

Section 1.1.Definitions*

Section 1.2.Interpretation*

ARTICLE II

AMENDMENTS TO AMENDED AND RESTATED CAPACITY PURCHASE AGREEMENT

Section 2.1.Amendment to Section 2.02(a)*

Section 2.2.Amendment to Section 6.02(b)*

Section 2.3.Amendment to Section 9.03(a)*

Section 2.4.Amendment to Exhibit A*

Section 2.5.Addition of Schedule 4*

ARTICLE III

REPRESENTATIONS AND WARRANTIES

Section 3.1.Representations and Warranties of Holdings, XJT and ExpressJet*

Section 3.2.Representations and Warranties of Continental*

ARTICLE IV

MISCELLANEOUS

Section 4.1.Effect of Agreement*

Section 4.2.Binding Effect; Assignment*

Section 4.3.Amendment and Modification*

Section 4.4.Counterparts*

Section 4.5.Severability*

Section 4.6.Entire Agreement*

Section 4.7.Governing Law*

FIRST AMENDMENT TO

AMENDED AND RESTATED

CAPACITY PURCHASE AGREEMENT

This FIRST AMENDMENT TO AMENDED AND RESTATED CAPACITY PURCHASE AGREEMENT (this "Agreement"), dated as of March 27, 2003, is among Continental Airlines, Inc., a Delaware corporation ("Continental"), ExpressJet Holdings, Inc., a Delaware corporation ("Holdings"), XJT Holdings, Inc., a Delaware corporation and a wholly-owned subsidiary of Holdings ("XJT"), and ExpressJet Airlines, Inc., a Delaware corporation and a subsidiary of XJT ("ExpressJet").

RECITALS:

WHEREAS, Continental, Holdings, XJT, and ExpressJet are parties to that certain Amended and Restated Capacity Purchase Agreement, dated as of April 17, 2002 (the "Amended and Restated Capacity Purchase Agreement"); and

WHEREAS, Continental, Holdings, XJT, and ExpressJet desire to amend certain provisions of the Amended and Restated Capacity Purchase Agreement as more fully set forth herein; and

WHEREAS, Section 11.04 of the Amended and Restated Capacity Purchase Agreement permits such agreement to be amended in a written agreement signed by Continental, Holdings, XJT, and ExpressJet;

NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants and obligations hereinafter contained, the parties agree to amend the Amended and Restated Capacity Purchase Agreement as follows:

	

DEFINITIONS; INTERPRETATION

	Definitions

.  Capitalized terms used in this Agreement that are not otherwise defined shall have the meanings set forth in the Amended and Restated Capacity Purchase Agreement, as amended hereby.

	Interpretation

.  Section 11.06 of the Amended and Restated Capacity Purchase Agreement is hereby incorporated by reference herein in its entirety and shall govern the interpretation of this Agreement.

	

AMENDMENTS TO AMENDED AND RESTATED CAPACITY PURCHASE AGREEMENT

The Amended and Restated Capacity Purchase Agreement is hereby amended as follows:

	Amendment to Section 2.02(a)

.  Section 2.02(a) of the Amended and Restated Capacity Purchase Agreement is hereby amended by adding a new clause (iv) thereto as follows:

(iv)Notwithstanding clause (i) of this Section 2.02(a), Continental shall not be entitled to provide in any notice delivered pursuant to this Section 2.02(a) for the withdrawal of a number of Covered Aircraft greater than the excess of (i) the number set forth on Schedule 4 hereto for the month in which the Effective Date set forth in such notice falls, plus the number of Delivered Covered Aircraft that have been withdrawn from the capacity purchase provisions of this Agreement at any time before such Effective Date in connection with a Labor Strike pursuant to Section 9.05(c), over (ii) the number of Covered Aircraft that have been withdrawn pursuant to this Section 2.02 within the three year period immediately preceding such Effective Date.

	Amendment to Section 6.02(b)

.  The date "December 31, 2005" contained in the fifth line of Section 6.02(b) of the Amended and Restated Capacity Purchase Agreement is hereby deleted and replaced with the date "December 31, 2006."

	Amendment to Section 9.03(a)

.  Section 9.03(a) of the Amended and Restated Capacity Purchase Agreement is hereby amended and restated in its entirety to read as follows:

(a)By Continental after Six Years.  Continental may terminate this Agreement for any reason or for no reason, at its sole option, at any time on or after January 1, 2007, by providing written notice to Contractor that specifies a Termination Date of not more than 18 months nor less than 12 months after the provision of such notice.  Such written notice may be delivered before January 1, 2007, so long as the Termination Date is on or after January 1, 2007.

	Amendment to Exhibit A

.  The definition of "Agreement" in Exhibit A to the Amended and Restated Capacity Purchase Agreement is hereby amended and restated in its entirety to read as follows:

Agreement - means the Amended and Restated Capacity Purchase Agreement, dated as of April 17, 2002, among Continental, Holdings, XJT and ExpressJet, as amended from time to time pursuant to Section 11.04 hereof.

	Addition of Schedule 4

.  The Amended and Restated Capacity Purchase Agreement is hereby amended by adding a Schedule 4 thereto, which Schedule 4 is attached to this Agreement as Annex A.

	

REPRESENTATIONS AND WARRANTIES

	Representations and Warranties of Holdings, XJT and ExpressJet

.  Holdings, XJT and ExpressJet, jointly and severally, represent, warrant and covenant to Continental as of the date hereof as follows:

	Organization and Qualification.  Each of Holdings, XJT and ExpressJet is a duly organized and validly existing corporation in good standing under the laws of the State of Delaware and has the corporate power and authority to own, operate and use its assets and operate the Regional Airline Services.

	Authority Relative to this Agreement.  Each of Holdings, XJT and ExpressJet has the corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby in accordance with the terms hereof.  The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of each of Holdings, XJT and ExpressJet.  This Agreement has been duly and validly executed and delivered by each of Holdings, XJT and ExpressJet and is, assuming due execution and delivery thereof by Continental and that Continental has legal power and right to enter into this Agreement, a valid and binding obligation of each of Holdings, XJT and ExpressJet, enforceable against each of Holdings, XJT and ExpressJet in accordance with its terms, except as enforcement hereof may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting the enforcement of creditors' rights generally and legal principles of general applicability governing the availability of equitable remedies (whether considered in a proceeding in equity or at law or otherwise under applicable law).

	Conflicts; Defaults.  Neither the execution or delivery of this Agreement nor the performance by each of Holdings, XJT and ExpressJet of the transactions contemplated hereby will (i) violate, conflict with, or constitute a default under any of the terms of either Holdings', XJT's or ExpressJet's certificate of incorporation, by-laws, or any provision of, or result in the acceleration of any obligation under, any material contract, sales commitment, license, purchase order, security agreement, mortgage, note, deed, lien, lease or other agreement to which Holdings, XJT or ExpressJet is a party, (ii) result in the creation or imposition of liens in favor of any third person or entity, (iii) violate any law, statute, judgment, decree, order, rule or regulation of any governmental authority, or (iv) constitute any event which, after notice or lapse of time or both, would result in such violation, conflict, default, acceleration or creation or imposition of liens.

	Representations and Warranties of Continental

.  Continental represents and warrants to Holdings, XJT and ExpressJet as of the date hereof as follows:

	Organization and Qualification.  Continental is a duly incorporated and validly existing corporation in good standing under the laws of the State of Delaware.

	Authority Relative to this Agreement.  Continental has the corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby in accordance with the terms hereof.  The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of Continental.  This Agreement has been duly and validly executed and delivered by Continental and is, assuming due execution and delivery thereof by Holdings, XJT and ExpressJet and that Holdings, XJT and ExpressJet each has legal power and right to enter into this Agreement, a valid and binding obligation of Continental, enforceable against Continental in accordance with its terms, except as enforcement hereof may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting the enforcement of creditors' rights generally and legal principles of general applicability governing the availability of equitable remedies (whether considered in a proceeding in equity or at law or otherwise under applicable law).

(c)Conflicts; Defaults.  Neither the execution or delivery of this Agreement nor the performance by Continental of the transactions contemplated hereby will (i) violate, conflict with, or constitute a default under any of the terms of Continental's certificate of incorporation, by-laws, or any provision of, or result in the acceleration of any obligation under, any material contract, sales commitment, license, purchase order, security agreement, mortgage, note, deed, lien, lease or other agreement to which Continental is a party, (ii) result in the creation or imposition of any liens in favor of any third person or entity, (iii) violate any law, statute, judgment, decree, order, rule or regulation of any governmental authority, or (iv) constitute any event which, after notice or lapse of time or both, would result in such violation, conflict, default, acceleration or creation or imposition of liens.

	

MISCELLANEOUS

	Effect of Agreement

.  Except as specifically amended hereby, the Amended and Restated Capacity Purchase Agreement shall remain in full force and effect and is ratified in all respects by the parties hereto.

	Binding Effect; Assignment

.  This Agreement and all of the provisions hereof shall be binding upon the parties hereto and inure to the benefit of the parties hereto and their respective successors and permitted assigns.  Except with respect to a merger of either party with another Person, neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any party hereto without the prior written consent of the other parties.

	Amendment and Modification

.  This Agreement may not be amended or modified in any respect except by a written agreement signed by the parties hereto.

	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 instrument.  This Agreement may be executed by facsimile signature.

	Severability

.  Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof.  Any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

	Entire Agreement

.  This Agreement is intended by the parties as a complete statement of the entire agreement and understanding of the parties with respect to the subject matter hereof and all matters between the parties related to the subject matter herein set forth.

	Governing Law

.  This Agreement shall be governed by and construed in accordance with the laws of the State of Texas (excluding Texas choice-of-law principles that might call for the application of the law of another jurisdiction) as to all matters, including matters of validity, construction, effect, performance and remedies.  Except as otherwise provided in Section 11.08(e) of the Amended and Restated Capacity Purchase Agreement, any action arising out of this Agreement or the rights and duties of the parties arising hereunder may be brought, if at all, only in the state or federal courts located in Harris County, Texas.

(Signature Page Follows)

IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to Amended and Restated Capacity Purchase Agreement to be duly executed and delivered as of the date and year first written above.

CONTINENTAL AIRLINES, INC.

 

By: s/ Jeffery A. Smisek                                 
Name:  Jeffery A. Smisek

Title:  Executive Vice President - Corporate 

EXPRESSJET HOLDINGS, INC.

 

By: s/ James B. Ream                                    

Name:James B. Ream

Title:President and 
Chief Executive Officer

 

XJT HOLDINGS, INC.

 

By: s/ James B. Ream                                    
Name:James B. Ream

Title:President and

Chief Executive Officer

 
EXPRESSJET AIRLINES, INC.

 

By: s/ James B. Ream                                    

Name:James B. Ream

Title:President and 

Chief Executive Officer

ANNEX A

SCHEDULE 4 TO AMENDED AND RESTATED CAPACITY PURCHASE AGREEMENT

 

 

 

 

Effective DateTotal

July, 2004  84

August, 2004  81

September, 2004  79

October, 2004  77

November, 2004  75

December, 2004  72

January, 2005  70

February, 2005  69

March, 2005 - May, 2007  69

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00050-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00050-of-00352.parquet"}]]