Document:

Exhibit 10.12(e)

 

CONFIDENTIAL TREATMENT

REQUESTED PURSUANT TO RULE 406

 

AMENDMENT NUMBER 4 TO AMENDED AND

RESTATED PURCHASE AGREEMENT
GCT-025/98

 

This Amendment Number 4 to Amended and Restated Purchase Agreement
GCT-025/98, dated as of May 30, 2003 (“Amendment No. 4”) relates to the Amended
and Restated Purchase Agreement GCT-025/98 (the “Purchase Agreement”) between
Embraer - Empresa Brasileira de Aeronáutica S.A. (“Embraer”) and Republic
Airways Holdings Inc. (“Buyer”) dated April 19, 2002 as amended from time
to time (collectively referred to herein as “Agreement”). This Amendment No. 4
is between Embraer and Buyer, collectively referred to herein as the “Parties”.

 

This Amendment No. 4 sets forth additional agreements between Embraer
and Buyer relative to the reinstatement of thirty-seven (37) Other Option
EMB-145 Aircraft and twenty-five (25) Option Delta Aircraft, as well as changes
in the Delta Aircraft and Option EMB-145 Aircraft configurations as described
in Attachment “A-1”, “A-2”, “A-3” and “A-4”.

 

 This Amendment No. 4 also set
forth terms of the addition of two (2) Special Aircraft and ten (10) Option
Special Aircraft to the Purchase Agreement.

 

Except as otherwise provided for herein all terms of the Purchase
Agreement shall remain in full force and effect.  All capitalized terms used in this Amendment No. 4, which are not
defined herein shall have the meaning given in the Purchase Agreement. In the
event of any conflict between this Amendment No. 4 and the Purchase Agreement
the terms, conditions and provisions of this Amendment No. 4 shall control.

 

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

 

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

 

1.   Definition: Article 1.b
shall be modified to include new items b.4 and s. as follows:

 

b.4.                                                 Special
Aircraft - shall mean the EMB-145 LR aircraft or, where there is more than one
of such aircraft, each of such Aircraft (including Firm Aircraft and

 

CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED PURSUANT
TO A REQUEST FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT OF
1933.  THE OMITTED MATERIALS HAVE BEEN
FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

 

 

Option Aircraft, as the
context requires), manufactured by Embraer, for sale to Buyer pursuant to this
Agreement, according to the Technical Description number TD-145/010, dated
January 1998 (Appendix I), the Aircraft Specific Configuration, Finishing
and Registration Marks described in Attachment ‘A-1’.  [ * ]

 

Republic Airline - shall
mean Republic Airline Inc.

 

2.   Subject: Article 2.a
shall be deleted and replaced with the following:

 

a. Upon the terms and
conditions contained in this Agreement, Embraer shall sell and Buyer shall
purchase and take delivery of:

 

•                                22 Delta
Aircraft: Fifteen (15) EMB-135 firm Aircraft (“Firm EMB-135 Delta
Aircraft”) and seven (7) EMB-145 firm Aircraft (“Firm EMB-145 Delta Aircraft”)
plus

 

•                                2 Special
Aircraft: two (2) EMB-145 firm Aircraft (“Special Aircraft”).

 

In addition, if Buyer so
elects, Buyer shall purchase and take delivery of

 

•                                25 Delta
Aircraft:  twenty-five (25)
option Delta Aircraft (“Option Delta Aircraft”),

 

•                                37 Other
Aircraft: thirty-seven (37) other option EMB-145 Aircraft (“Other
Option EMB-145 Aircraft”), and

 

•                                10 Special
Aircraft: ten (10) option EMB-145 Aircraft (“Option Special
Aircraft”)

 

Each Aircraft shall be
purchased as indicated in the table provided below in Article 5 or
Article 24, as applicable.

 

3.      Price

 

A.           Article 3.a.1
shall be deleted and replaced with the following:

 

	
  AIRCRAFT

  	
   

  	
  AIRCRAFT
  BASIC

  PRICE

  	
   

  	
  ECONOMIC

  CONDITION

  
	
  EMB-135 Delta Aircraft [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  EMB-135 Delta Aircraft [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  EMB-145 Delta Aircraft [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  EMB-145 Delta Aircraft [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  EMB-145 Special
  Aircraft [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  EMB-145 Special
  Aircraft [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  EMB-145 Option Special
  Aircraft

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  Other Option EMB-145
  Aircraft

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  

 

* Confidential

 

 

B.         Article 3.c shall be
deleted and replaced with the following:

 

c.  The
Aircraft Basic Price shall be escalated 
[
* ] . Such price as escalated shall be the Aircraft Purchase Price
and it will be provided to Buyer two (2) months prior to each Aircraft
Contractual Delivery Date.

 

4.   Delivery Schedule

 

Article 5.a of the Purchase Agreement shall be
deleted and replaced with the following:

 

Aircraft:
Subject to payment in accordance with Article 4 and the provisions of
Articles 4, 7 and 9, the Aircraft shall be offered for delivery by Embraer to
Buyer, by means of a notice, for inspection, acceptance and subsequent delivery
in F.A.F. (Fly Away Factory) condition, at São José dos Campos, State of São
Paulo, Brazil.

 

Firm
Aircraft

 

	
  A/C
  Delivery Number (Name)

  	
   

  	
  Aircraft Delivery

  Number per Model

  	
   

  	
  Aircraft Delivery

  Number per Operator

  	
   

  	
  Delivery

  Month

  	
   

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  Aug 2003

  	
   

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  Dec 2003

  	
   

  

 

Note: The schedule above excludes Aircraft already delivered.

 

5.                                      Terms
for Special Aircraft

 

A.                                   Operator
of Special Aircraft

 

As long as Buyer  [ * ] ,
Buyer may, on the relevant Actual Delivery Date, assign the right to accept
delivery of a Special Aircraft to either Republic Airline or Chautauqua (each,
an “Operator”), provided that  [ * ]  and  [ * ]  Embraer does not incur additional expenses as
a result of such assignment to Republic Airline.

 

In the event of an assignment under this Article 5.A, the Operator
shall succeed to all of the rights provided below in this Article 5,
subject to  [ * ]  also subject to Embraer receiving  [ * ] .  Embraer shall at all times be entitled to communicate solely with
Buyer with respect to all rights and obligations of Buyer and either Operator
under the Purchase Agreement.  Specific
terms and conditions of the assignment shall be agreed before the first
delivery of a Special Aircraft.  Items
not assigned to an Operator hereunder shall remain Buyer’s rights to the same
extent they would have been Buyer’s rights absent this amendment.

 

* Confidential

 

 

B.                                     Services
for Special Aircraft

 

With respect to the
Special Aircraft and subject to the provisions of Section 5.A,
Article 13 of the Purchase Agreement is hereby deleted and replaced with
the following:

 

a.               Familiarization and
technical support programs specified below are being offered at no charge to
Buyer unless otherwise specified, except for the expenses involved with travel
and lodging of the Operator’s trainees, which shall be borne by Buyer or the
Operator. Such familiarization and technical support programs shall be in
accordance with Embraer’s training syllabus.

 

b.              Notwithstanding the
use of the term “training” in this Article 13 or in the Agreement, the
intent of the Services is solely to familiarize The Operator’s pilots,
mechanics, employees or representatives, duly qualified per the governing body
in the United States of America, with the operation and maintenance of the
Aircraft. It is not the intent of Embraer to provide basic training
(“Ab-initio”) to any representatives of an Operator.

 

c.               The Services, as
applicable, shall be provided prior to  [ * ] .  The Operator must give notice to Embraer
one-hundred and twenty (120) days in advance of its expected training schedule.
Should Buyer or the relevant Operator not take all or any portion of the
Services on or before the delivery of Buyer’s last Aircraft, Buyer and the
Operators shall be deemed to have fully waived their rights to such service. No
other penalty or indemnity shall be due from Embraer in this case.

 

d.              All Services shall
be provided by Embraer or its qualified designated representative at Embraer’s
facilities at Fort Lauderdale, Florida, USA, or at such other location as
Embraer shall reasonably designate in the United States, except that flight
training may also be designated by Embraer to occur in Brazil if it cannot
reasonably occur in the United States.

 

e.               The Services in
regard to the Special Aircraft shall include:

 

1.         One (1) Pilot
Familiarization Program  [ * ]  including ground familiarization as regards
Aircraft systems, weight and balance, performance and normal/emergency
procedures; Flight simulator training in accordance with the Operator’s
approved Flight Operations Training Program, up to, but not exceeding the
equivalent training in Level C simulator.

 

2.         One (1) Maintenance
Familiarization Course  [ * ] .
This course shall consist of classroom familiarization with Aircraft systems
and

 

* Confidential

 

 

structures
and shall be in accordance with ATA specification 104, level III.

 

3.         One (1) Flight Attendant
Familiarization Course  [ * ] .
This course shall consist of classroom familiarization, including a general
description of Aircraft and systems to be used by flight attendants if
requested, Embraer may demonstrate procedures described in the classroom,
subject to Buyer’s Aircraft availability.

 

4.         [ * ]  selected by Embraer in its sole discretion
shall  [ * ]  but limited to  [ * ]  in order to  [ * ] . The presence of  [ * ]   Thereafter, every time Buyer requests the placement of an Embraer
technical representative at the Operator’s installations, Embraer will charge
Buyer according to Embraer’s price list per month per each such Embraer
technical representative’s presence. At no charge to Embraer, Buyer shall
insure and require the Operator to provide such representative with reasonable
communication facilities (telephone and facsimile) as well as office space and
facilities at the maintenance base(s) of The Operator.  Buyer shall also cause the Operator to (a)
arrange all necessary work permits and airport security clearances required for
Embraer employees, to permit the accomplishment of the services mentioned in
this item “4”, in due time; and (b) obtain all necessary custom clearances both
to enter and depart from the United States for Embraer’s employees and their
personal belongings and professional tools. During the stay of the Embraer’s
technical representative at the Operator’s base, Buyer shall cause the Operator
to permit access to the maintenance and operation facilities as well as to the
data and files of the Operator’s fleet of aircraft to the extent necessary to
perform its obligations hereunder.   [ * ] .  Buyer shall cause the Operator to make available at the office
designated for the technical representative, one (1) set of updated Technical
Publications referred to in Article 15, and it shall be the Operator’s
responsibility to perform the revision services in order to maintain such
publications updated during the technical representative’s stay at the
Operator’s base. Buyer shall bear all expenses related to the transportation,
board & lodging of Embraer representative when such representative shall
render the services specified herein in any place other than the Operator’s
main maintenance base.

 

Without a previous
written authorization from Embraer, Embraer technical representatives shall not
participate in test flights or flight demonstrations. If the Operator obtains
such authorization, it shall include the technical representative on its
insurance policy. Embraer reserves the right to stop the services mentioned in
this item “4”, should any of the following situations occur at the Operator’s
base: a)

 

* Confidential

 

 

there is a
declared strike in progress; b) war or war like operations, riots or
insurrections; c) any condition which is dangerous to the safety or health of
Embraer’s employee; or d) the government of the United States refuses
permission to Embraer’s employee to enter the country.

 

f.                 If Buyer or the
Operators elect not to take all or any portion of the Services,  [ * ] . Any other additional
services shall depend on subsequent agreement and shall be charged by Embraer
accordingly.

 

g.              Buyer and the
Operator’s authorized trainees and representatives at Embraer’s facilities
shall be allowed exclusively in those areas related to the subject matter
hereof and Buyer agrees to, and to cause the relevant Operator to, hold
harmless Embraer from and against all and any kind of liabilities in respect of
such trainees and representatives for whom Buyer and the Operator are solely
and fully responsible under all circumstances, except to the extent  [ * ] .”

 

B.        Assignment and
Guarantee

 

With respect to the
Special Aircraft and subject to the provisions of Section 5.A,
Article 16 of the Purchase Agreement is hereby deleted and replaced with
the following:

 

a.               Buyer or the
Operator may request, and Embraer will take, any action reasonably necessary
for the purpose of causing an Aircraft and Spares at the time of delivery to be
subject to an equipment trust conditional sale, lien or other arrangement for
the initial financing of the Aircraft and Spares in connection with the
delivery of such Aircraft and Spares to the Operator.

 

b.              Except as expressly
permitted by this Article 16, Buyer’s rights and obligations hereunder may
not be assigned, conveyed, subcontracted, transferred or delegated, without
Embraer’s prior written consent.

 

c.               Chautauqua and
Republic Airline shall guarantee the obligations of Buyer hereunder pursuant to
a guarantee in the form attached hereto as Attachment G-1 and G-2, and it shall
be a breach of this Agreement by Buyer if such guarantee is at any time not
effective in accordance with its terms or if Chautauqua or Republic Airline
breaches, defaults, or fails to perform under such guarantee.

 

C.        Restrictions and Patent
Indemnity

 

With respect to the
Special Aircraft and subject to the provisions of Section 5.A, Article 17

 

* Confidential

 

 

of the Purchase Agreement
is hereby deleted and replaced with the following:

 

This sale does not
include the transfer of designs, copyrights, patents, and other similar rights
to Buyer. Subject to Buyer’s or the Operator’s duty to promptly advise Embraer
of any alleged copyright or patent infringement, Embraer shall indemnify,
defend, protect and hold Buyer and the Operator (including respective officers,
controlling persons, employees and directors) harmless with respect to any
claims, suits actions, judgments, liabilities, damages and costs, including
reasonable attorney fees, made against it or them if the Aircraft or Spares
with Embraer part numbers infringes copyright patents or the proprietary rights
of others.  In such event Embraer shall
to the extent necessary and as promptly as possible at its sole option and
expense either

 

(i)             procure for Buyer or
the Operator the right under patent to use the system, accessory or equipment
or part;

 

(ii)          replace such system
accessory, equipment or part with such non-infringing item or part; or

 

(iii)       modify such system,
accessory, equipment or part to make it non-infringing.

 

D.  Marketing Promotional Rights

 

With respect to the
Special Aircraft and subject to the provisions of Section 5.A,
Article 18 of the Purchase Agreement is hereby deleted and replaced with
the following:

 

Embraer shall have
the right to show for marketing purposes, free of any charge, the image of the
Aircraft, painted with Buyer’s colors and emblems or the colors and emblems of
the Operator, affixed in photographs, drawings, films, slides, audiovisual
works, models or any other medium of expression (pictorial, graphic, and
sculptural works), through all mass communications media such as billboards,
magazines, newspaper, television, movie, theaters, as well as in posters,
catalogues, models and all other kinds of promotional material. In the event
such Aircraft is sold to or operated by or for another company or person,
Embraer shall be entitled to disclose such fact, as well as to continue to show
the image of the Aircraft, free of any charge, for marketing purposes, either
with the original or the new colors and emblems, unless otherwise notified by
Buyer or the Operator, provided that such notification shall be subject to the
reasonable satisfaction and agreement of Embraer. If accepted, said
prohibition, however, shall in no way apply to the promotional materials or
pictorial, graphic or sculptural works already existing or to any contract for
the display of such materials or works already binding Embraer at the time of
receipt of the notification. The provisions of this Article shall be
included in all future sales or lease agreements concerning the Aircraft.

 

 

E.  Indemnity 

 

With respect to the
Special Aircraft and subject to the provisions of Section 5.A,
Article 25 of the Purchase Agreement is hereby deleted and replaced with
the following:

 

Buyer agrees to indemnify
and hold harmless Embraer and Embraer’s officers, agents, employees and
assignees from and against all liabilities, damages, losses, judgments, claims
and suits, including costs and expenses incident thereto, which may be suffered
by, accrued against, be charged to or recoverable from Embraer and/or Embraer’s
officers, agents, employees and assignees by reason of loss or damage to
property or by reason of injury or death of any person (excluding Embraer’s
officers, directors, employees or agents) resulting from or in any way
connected with the performance of services by employees, representatives or
agents of Embraer for or on behalf of Buyer related to Aircraft delivered by
Embraer to Buyer or any Operator, including, but not limited to, technical
operations, maintenance, and training services and assistance performed while
on the premises of Embraer, any Operator, or Buyer, while in flight on Aircraft
after Actual Delivery or while performing any other service, at any place, in
conjunction with the Aircraft except to the [ * ] .”

 

6.   Option Aircraft

 

The Option Aircraft  delivery schedule of Article 24
shall be deleted and replaced with the following:

 

Option Aircraft

 

	
  Option

  [*]

  	
   

  	
  Aircraft

  Model

  	
   

  	
  Option
  Aircraft Number per Operator

  	
   

  	
  Delivery
  Month

  	
   

  	
  Exercise
  Date

  	
   

  
	
  [*]

  	
   

  	
  [*]

  	
   

  	
  [*]

  	
   

  	
  December 2003

  	
   

  	
  [*]

  	
   

  
	
  [*]

  	
   

  	
  [*]

  	
   

  	
  [*]

  	
   

  	
  [*]

  	
   

  	
  [*]

  	
   

  
	
  [*]

  	
   

  	
  [*]

  	
   

  	
  [*]

  	
   

  	
  October 2007

  	
   

  	
  [*]

  	
   

  

 

Item e. of Article 24 shall be deleted and replaced with the
following:

 

e.                                       CONFIRMATION
OF OPTIONS: Buyer at its option may exercise the Options [ * ]  by means of notice to Embraer on or before
the Exercise Date as indicated in the table above. At that time,  [ * ] , as each has been amended
as of the confirmation date and at the Basic Price then applicable for an
Aircraft  [ * ] .  At the time of each confirmation,  [ * ] .

 

If Buyer fails to  [ * ] ,
Buyer shall lose  [ * ] .

 

* Confidential

 

 

6.                  New  [ * ]

 

The Ninth EMB-135 Delta Aircraft and on, the Special
Aircraft, the  Other Option EMB-145 Aircraft  and all subsequent Aircraft
shall be delivered (or have been delivered, as applicable) with a new  [ * ] . As a result of this
modification (i) the total relevant Aircraft manufacturer empty weight (MEW)
shall  [ * ] , and (ii)  [ * ]  Aircraft Basic Price.

 

7.      New Nose Landing Gear Wheel

 

Item 1.2 of Amendment No.3 to the Purchase Agreement
shall be deleted in its entirely and in lieu thereof replaced with the
following:

 

1.2 New Nose Landing Gear
Wheel

 

The Special Aircraft, the  Other
Option EMB-145 Aircraft and all subsequent Aircraft shall be delivered with a
new nose landing gear wheel. As a result of this modification (i) the total
relevant Aircraft manufacturer empty weight (MEW) shall [ * ] , and (ii)  [ * ] .

 

8.      Miscellaneous

 

All other provisions of the Agreement which have not
been specifically amended or modified by this Amendment No. 4 shall remain
valid in full force and effect without any change.

 

[Intentionally left in
blank]

 

* Confidential

 

 

IN WITNESS WHEREOF, EMBRAER and BUYER, by their duly authorized
officers, have entered into and executed this Amendment No. 4 to Amended and
Restated Purchase Agreement to be effective as of the date first written above.

 

 

	
  EMBRAER – Empresa Brasileira
  de

  Aeronáutica S.A.

  	
   

  	
  Republic Airways Holdings Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
  /s/ Frederico Fleury Curado

  	
   

  	
   

  	
  By

  	
  /s/ Jay Maymudes

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Frederico Fleury Curado

  	
   

  	
   

  	
  Name:

  	
  Jay Maymudes

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
  Executive Vice President Civil Aricraft

  	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
  /s/ Flavio Rimoli

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Flavio Rimoli

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
  Sr. Vice President Airline Market

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Date:  May
  30, 2003

  	
   

  	
  Date:  May 30, 2003

  
	
   

  	
   

  	
   

  
	
  Place:  Sao
  Jose dos Campos, Brazil

  	
   

  	
  Place:  Greenwich, CT USA

  
	
   

  	
   

  	
   

  
	
  WITNESSES: 
  /s/ Fernando Bueno

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Witness:

  	
  /s/ Fernando Bueno

  	
   

  	
   

  	
  Witness:

  	
  /s/ Arthur Amron

  	
   

  
	
   

  	
   

  	
   

  
	
  Name:

  	
    Frenando
  Bueno

  	
   

  	
   

  	
  Name: Arthur Amron

  
													

 

 

 

 

ATTACHMENT “D-2”

 

 

[ * ]

 

 

 

 

 

 

* ConfidentialExhibit
10.12(f)

 

CONFIDENTIAL
TREATMENT

REQUESTED
PURSUANT TO RULE 406

 

AMENDMENT NUMBER 5 TO AMENDED AND

RESTATED
PURCHASE AGREEMENT GCT-025/98

 

 

This Amendment Number 5
to Amended and Restated Purchase Agreement GCT-025/98, dated as of September
30, 2003 (“Amendment No. 5”) relates to the Amended and Restated Purchase
Agreement GCT-025/98 (the “Purchase Agreement”) between Embraer - Empresa
Brasileira de Aeronáutica S.A. (“Embraer”) and Republic Airways Holdings Inc.
(“Buyer”) dated April 19, 2002 as amended from time to time (collectively
referred to herein as “Agreement”). This Amendment No. 5 is between Embraer and
Buyer, collectively referred to herein as the “Parties”.

 

This Amendment No. 5 sets
forth additional agreements between Embraer and Buyer relative to Buyer’s
exercise of its option to purchase five (5) Option Delta EMB-145 Aircraft as
described in Article 24 and Attachment A-3 of the Purchase Agreement.

 

Except as otherwise
provided for herein all terms of the Purchase Agreement shall remain in full
force and effect.  All capitalized terms
used in this Amendment No. 5, which are not defined herein shall have the
meaning given in the Purchase Agreement. In the event of any conflict between
this Amendment No. 5 and the Purchase Agreement the terms, conditions and
provisions of this Amendment No. 5 shall control.

 

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

 

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

 

1. Subject: Article 2.a shall be deleted
and replaced with the following:

 

CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED PURSUANT
TO A REQUEST FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT OF
1933.  THE OMITTED MATERIALS HAVE BEEN
FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

 

 

a. Upon the terms and
conditions contained in this Agreement, Embraer shall sell and Buyer shall purchase
and take delivery of:

 

•                                27 Delta
Aircraft: Fifteen (15) EMB-135 firm Aircraft (“Firm EMB-135 Delta
Aircraft”) and twelve (12) EMB-145 firm Aircraft (“Firm EMB-145 Delta
Aircraft”) plus

 

•                                2 Special
Aircraft: two (2) EMB-145 firm Aircraft (“Special Aircraft”).

 

In addition, if Buyer so
elects, Buyer shall purchase and take delivery of

 

•                                20 Delta
Aircraft:  twenty (20) option
Delta Aircraft (“Option Delta Aircraft”),

 

•                                37 Other
Aircraft: thirty-seven (37) other option EMB-145 Aircraft (“Other
Option EMB-145 Aircraft”), and

 

•                                10 Special
Aircraft: ten (10) option EMB-145 Aircraft (“Option Special
Aircraft”)

 

Each Aircraft shall be
purchased as indicated in the table provided below in Article 5 or Article 24,
as applicable.

 

2.      Delivery
Schedule

 

Article 5.a of the
Purchase Agreement shall be deleted and replaced with the following:

 

Aircraft:
Subject to payment in accordance with Article 4 and the provisions of Articles
4, 7 and 9, the Aircraft shall be offered for delivery by Embraer to Buyer, by
means of a notice, for inspection, acceptance and subsequent delivery in F.A.F.
(Fly Away Factory) condition, at São José dos Campos, State of São Paulo,
Brazil.

 

Firm
Aircraft

 

	
  A/C Delivery Number (Name)

  	
   

  	
  Aircraft
  Delivery

  Number per Model

  	
   

  	
  Aircraft
  Delivery

  Number per Operator

  	
   

  	
  Delivery

  Month

  
	
  23[ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  Nov 2003

  
	
  24  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  Jul 2004

  

 

Note: The schedule above
excludes Aircraft already delivered.

 

* Confidential

2

 

3. Payment

 

The provisions of Article
4.c of the Purchase Agreement shall also apply to the purchase of these five
(5) Option Delta EMB-145 Aircraft, as well as the provisions set forth in
Articles 1 through 34 of the Purchase Agreement and its Attachments, mutatis
mutandis, as applicable, except as otherwise specifically set forth in Article
24 of the Purchase
Agreement and hereunder.

 

4. Option Aircraft

 

The Option Aircraft  delivery
schedule of Article 24 shall be deleted and replaced with the following:

 

Option Aircraft

 

	
  Option

  [ * ]

  	
   

  	
  Aircraft

  Model

  	
   

  	
  Option
  Aircraft Number per

  Operator

  	
   

  	
  Delivery
  Month

  	
   

  	
  Exercise
  Date

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  Nov 30, 2003

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  

* Confidential

 

3

 

	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  
	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  [ * ]

  	
   

  	
  Jul 31, 2006

  

 

* Confidential

4

 

5. Miscellaneous

 

All other provisions of
the Agreement which have not been specifically amended or modified by this
Amendment No. 5 shall remain valid in full force and effect without any change.

 

 

[Intentionally
left in blank]

 

5

 

IN WITNESS WHEREOF,
EMBRAER and BUYER, by their duly authorized officers, have entered into and
executed this Amendment No. 5 to Amended and Restated Purchase Agreement to be
effective as of the date first written above.

 

 

	
  Embraer – Empresa Brasileira de

  Aeronáutica S.A.

  	
   

  	
  Republic Airways
  Holdings Inc.

  
	
   

  	
   

  	
   

  
	
  By

  	
  /s/ Frederico Fleury
  Curado

  	
   

  	
   

  	
  By

  	
  /s/ Bryan Bedford

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Frederico Fleury Curado

  	
   

  	
  Name:

  	
  Bryan Bedford

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
  Executive Vice
  President Civil Aircraft

  	
   

  	
  Title:

  	
  President and CEO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
  /s/ Flavio Rimoli

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Flavio Rimoli

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
  Sr. Vice President
  Airline Market

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Date:

  	
  October 16, 2003

  	
   

  	
  Date:

  
	
   

  	
   

  	
   

  	
   

  
	
  Place:

  	
  Sao Jose dos Campos

  	
   

  	
  Place:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  WITNESSES:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Witness:

  	
  /s/ Juliette O.
  Zambelli

  	
   

  	
  Witness: 

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Juliette O. Zambelli

  	
   

  	
   

  	
  Name:

  	
  Robert H. Cooper

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}]]