Document:

Stockholders Voting Agreement

 Exhibit 10.9 
 FORM OF 
 SPIRIT AIRLINES, INC. 

STOCKHOLDERS VOTING AGREEMENT 
 Dated as of                 , 2010 

							
	 ARTICLE I. DEFINITIONS
	  	 	1	  
	 Section 1.01
	 	Definitions	  	 	1	  
	 Section 1.02
	 	Construction	  	 	3	  
		
	 ARTICLE II. VOTING AGREEMENT
	  	 	4	  
	 Section 2.01
	 	Composition of the Board	  	 	4	  
		
	 ARTICLE III. GENERAL PROVISIONS
	  	 	5	  
	 Section 3.01
	 	Notices	  	 	5	  
	 Section 3.02
	 	Amendment; Waiver	  	 	6	  
	 Section 3.03
	 	Termination; Survival	  	 	6	  
	 Section 3.04
	 	Further Assurances	  	 	6	  
	 Section 3.05
	 	Assignment	  	 	6	  
	 Section 3.06
	 	Third Parties	  	 	6	  
	 Section 3.07
	 	Governing Law	  	 	6	  
	 Section 3.08
	 	Jurisdiction	  	 	6	  
	 Section 3.09
	 	Specific Performance	  	 	7	  
	 Section 3.10
	 	Entire Agreement	  	 	7	  
	 Section 3.11
	 	Severability	  	 	7	  
	 Section 3.12
	 	Table of Contents, Heading and Captions	  	 	7	  
	 Section 3.13
	 	Counterparts	  	 	7	  
	 Section 3.14
	 	Effectiveness	  	 	7	  
	 Section 3.15
	 	No Recourse	  	 	7	  

  
 -i-

 STOCKHOLDERS AGREEMENT 

THIS STOCKHOLDERS AGREEMENT (this “Agreement”) is entered into as of
            , 2010, by and among (i) Spirit Airlines, Inc., a Delaware corporation (the “Company”), (ii) OCM Spirit Holdings, LLC, a Delaware limited liability
company (“Holdings”), (iii) OCM Spirit Holdings II, LLC, a Delaware limited liability company (“Holdings II”), (iv) OCM Spirit Holdings III, LLC, a Delaware limited liability company (“Holdings
III”), (v) OCM Spirit Holdings III-A, LLC, a Delaware limited liability company (“Holdings III-A”), (vi) OCM Principal Opportunities Fund II, L.P., a Delaware limited partnership (“POF II”),
(vii) OCM Principal Opportunities Fund III, L.P., a Delaware limited partnership (“POF III,” and together with POF II, collectively, the “POF Investors”) (viii) POF Spirit Foreign Holdings, LLC, a Delaware
limited liability company (“Foreign Holdings”) (Holdings, Holdings II, Holdings III, Holdings III-A, the POF Investors and Foreign Holdings are referred to herein, collectively, the “Oaktree Investors”),
(ix) Indigo Florida L.P., a Cayman Islands exempt limited partnership (“Indigo Florida”), and (x) Indigo Miramar LLC, a Delaware limited liability company (“Indigo Miramar,” and together with Indigo
Florida, the “Indigo Investors”). 
 WHEREAS, the Company is currently contemplating an underwritten
initial public offering (the “IPO”) of shares of its Common Stock; 
 WHEREAS, as of the date of this
Agreement, the Sponsor Stockholders (as defined below) collectively own greater than a majority of the outstanding Voting Securities of the Company, and, effective as of the closing date of the IPO (the “Closing Date”), will
continue collectively to hold a majority of the outstanding Voting Securities; and 
 WHEREAS, until such time as the
Sponsor Stockholders collectively hold less than a majority of the outstanding Voting Securities of the Company, the Sponsor Stockholders desire to vote all of their shares of Voting Securities as a group to elect members of the Company’s board
of directors (the “Board”) as set forth herein. 
 NOW, THEREFORE, in consideration of the mutual
covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows: 

ARTICLE I. DEFINITIONS 
 Section 1.01 Definitions. Capitalized terms used herein shall have the following meanings: 
 “Affiliate” means, with respect to any Person, an “affiliate” as defined in Rule 405 of the regulations promulgated under the Securities Act. 

“Agreement” shall have the meaning set forth in the Preamble. 

“beneficially own” or “beneficial ownership” shall have the meaning ascribed to such terms in Rule
13d-3 under the Exchange Act. 
 “Board” shall have the meaning set forth in the Recitals. 

“Closing Date” shall have the meaning set forth in the Recitals. 

“Common Stock” shall mean shares of Class A Common Stock, par value $0.0001 per share of the Company, or any
successor shares into which such Common Stock is exchanged or reclassified. 

 “Company” shall have the meaning set forth in the Preamble. 

“COUS” means a “United States citizen,” as defined in 49 U.S.C. Section 40102(a)(15), as in effect on the
date in question, or any successor statute or regulation. 
 “Exchange Act” shall mean the Securities Exchange
Act of 1934, as amended from time to time, and the rules and regulations promulgated pursuant thereto 
 “Foreign
Holdings” shall have the meaning set forth in the Preamble. 
 “Governmental Authority” means any:
(i) nation, state, commonwealth, province, territory, county, municipality, district or other jurisdiction of any nature; (ii) U.S. and other federal, state, local, municipal, foreign or other government; or (iii) governmental or
quasi-governmental authority of any nature (including any governmental division, department, agency, commission, instrumentality, official, organization, unit, body or entity and any court or other tribunal). 

“Holdings” shall have the meaning set forth in the Preamble. 

“Holdings II” shall have the meaning set forth in the Preamble. 

“Holdings III” shall have the meaning set forth in the Preamble. 

“Holdings III-A” shall have the meaning set forth in the Preamble. 

“Indigo Florida” shall have the meaning set forth in the Preamble. 

“Indigo Investors” shall have the meaning set forth in the Preamble. 

“Indigo Miramar” shall have the meaning set forth in the Preamble. 

“Law” means any applicable constitutional provision, statute, act, code, law, regulation, rule, ordinance, order,
decree, ruling, proclamation, resolution, judgment, decision, declaration, or interpretative or advisory opinion or letter of a Governmental Authority and shall include, for the avoidance of any doubt, the General Corporation Law of the State of
Delaware and the listing or other standards of any applicable stock exchange. 
 “Oaktree Investors” shall have
the meaning set forth in the Preamble. 
 “Person” means any natural person, corporation, limited partnership,
general partnership, limited liability company, joint stock company, joint venture, association, company, estate, trust, bank trust company, land trust, business trust, or other organization, whether or not a legal entity, custodian,
trustee-executor, administrator, nominee or entity in a representative capacity and any government or agency or political subdivision thereof. 
 “POF II” shall have the meaning set forth in the Preamble. 

“POF III” shall have the meaning set forth in the Preamble. 

“POF Investors” shall have the meaning set forth in the Preamble. 

  
 2 

 “Public Sale” means any sale of Stockholder Shares or other Company
securities, as applicable, to the public pursuant to an offering registered under the Securities Act or to the public through a broker, dealer or market maker pursuant to the provisions of Rule 144 adopted under the Securities Act. 

“Relative Ownership” means, (i) with respect to the Indigo Investors, the quotient of (a) total number of
Stockholder Shares held by the Indigo Investors divided by (b) the total number of Stockholder Shares held by the Sponsor Stockholders, and (ii) with respect to the POF Investors, the quotient of (x) total number of Stockholder Shares
held by the Oaktree Investors divided by (y) the total number of Stockholder Shares held by the Sponsor Stockholders. 

“Securities Act” means the Securities Act of 1933, as amended from time to time, and the rules and regulations
promulgated pursuant thereto. 
 “Sponsor Directors” shall have the meaning set forth in
Section 2.01(b). 
 “Sponsor Stockholders” shall mean the Indigo Investors and the Oaktree
Investors. 
 “Stockholder Shares” means any Voting Securities held by any of the Sponsor Stockholders as of
the date hereof or at any time thereafter. As to any particular shares constituting Stockholder Shares, such shares shall cease to be Stockholder Shares when they have been transferred pursuant to a Public Sale. 

“Total Number of Directors” shall have the meaning set forth in Section 2.01(a). 

“Total Voting Power of the Company” means the total number of votes that may be cast in the election of directors of the
Company if all Voting Securities outstanding or treated as outstanding pursuant to the final two sentences of this definition were present and voted at a meeting held for such purpose. The percentage of the Total Voting Power of the Company
beneficially owned by any Person is the percentage of the Total Voting Power of the Company that is represented by the total number of votes that may be cast in the election of directors of the Company by Voting Securities beneficially owned by such
Person. In calculating such percentage, the Voting Securities beneficially owned by any Person that are not outstanding but are subject to issuance upon exercise or exchange of rights of conversion or any options, warrants or other rights
beneficially owned by such Person shall be deemed to be outstanding for the purpose of computing the percentage of the Total Voting Power of the Company represented by Voting Securities beneficially owned by such Person. 

“Voting Securities” means Common Stock and any other securities of the Company entitled to vote generally in the
election of directors of the Company. 
 Section 1.02 Construction. Whenever the context requires, the gender of all
words used in this Agreement includes the masculine, feminine and neuter forms and the singular form of words shall include the plural and vice versa. All references to Articles and Sections refer to articles and sections of this Agreement,
respectively. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation” (except to the extent the context
otherwise provides). This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting or causing any instrument to be drafted. 

  
 3 

 ARTICLE II. VOTING AGREEMENT 

Section 2.01 Composition of the Board. 
 (a) On the Closing Date, the authorized number of directors on the Board shall be established at ten (10) directors, subject to change as set forth in the Bylaws of the Company (the number of
directors authorized at any given time, the “Total Number of Directors”). 
 (b) During the term of this
Agreement, the Indigo Investors and the POF Investors shall have the right to designate the Total Number of Directors (collectively, the “Sponsor Directors” and each, individually, a “Sponsor Director”), two-thirds
of whom shall be a COUS. 
 (c) Effective as of the Closing Date, each of the Sponsor Stockholders shall vote all of its
Stockholder Shares and shall take all other necessary or desirable actions within its control (whether in the capacity as a stockholder or otherwise, and including, without limitation, attendance at meetings in person or by proxy for purposes of
obtaining a quorum and execution of written consents in lieu of meetings), and the Company shall take all necessary and desirable actions within its control (including, without limitation, including in the slate of nominees recommended by the Board
the persons designated pursuant to this Section 2.01), so that the following Sponsor Directors shall be elected to the Board at each meeting of the stockholders of the Company: 

(i) a number of directors designated by Indigo Miramar equal to the product of (x) the Relative Ownership of Indigo
Miramar and (y) the Total Number of Directors to be elected; 
 (ii) a number of directors designated by
Indigo Florida equal to the product of (x) the Relative Ownership of Indigo Miramar and (y) the Total Number of Directors to be elected; and 
 (iii) a number of directors designated by the POF Investors equal to the product of (x) the Relative Ownership of the POF Investors and (y) the Total Number of Directors to be elected.

 For purposes of calculating the number of directors that Indigo Miramar, Indigo Florida and POF Investors are each entitled to designate
pursuant to the immediately preceding sentence, any fractional amounts shall automatically be rounded to the nearest whole number (e.g., 1.25 directors shall equate to one director and 1.75 shall equate to two directors) and any such calculations
shall be made on a pro forma basis, including, for the avoidance of doubt, taking into account any increase in the size of the Board; provided, however, that in the case where the sum of the number of directors to be designated by
Indigo Miramar (pursuant to this Section 2.01(c)(i)) and Indigo Florida (pursuant to this Section 2.01(c)(ii)) should be greater than the number of directors that would be able to be designated if calculated by multiplying (x) the
Relative Ownership of the Indigo Investors and (y) the Total Number of Directors to be elected, then in such instance, the fractional amount of Indigo Florida shall (regardless of whether it is above or below X.50) shall be rounded up, and the
fractional amount of Indigo Miramar (regardless of whether it is above or below X.50) shall be rounded down. 
 (d) In the event
that any Sponsor Director for any reason ceases to serve as a member of the Board during such person’s term of office, the resulting vacancy on the Board shall be filled by (i) in the case when such Sponsor Director had been designated by
Indigo Miramar or Indigo Florida, as the case may be, a designee of Indigo Miramar or Indigo Florida, as applicable, and (ii) in the case that such Sponsor Director was designated by the POF Investors, a designee of the POF Investors.

  
 4 

 (e) For the avoidance of doubt, the parties hereto acknowledge and agree that this Agreement
does not restrict or otherwise impair any Sponsor Stockholder’s right to sell, assign or otherwise transfer its Common Stock to any other Person. 
 ARTICLE III. GENERAL PROVISIONS 
 Section 3.01 Notices

 (a) Except as expressly set forth to the contrary in this Agreement, all notices, requests or consents provided for or required to be given
hereunder shall be in writing and shall be deemed to be duly given if personally delivered, telecopied and confirmed, or mailed by certified mail, return receipt requested, or nationally recognized overnight delivery service with proof of receipt
maintained, at the following addresses (or any other address that any such party may designate by written notice to the other parties): 
 (i) if to the Indigo Investors: 
 c/o Indigo Partners LLC 

2525 E. Camelback Road 
 Suite 800 
 Phoenix, AZ 85016 

Facsimile: (602) 224-1555 
 Attn:    William A. Franke 
 (ii) if to the POF Investors:

 c/o Oaktree Capital Management, LLC 
 333 South Grand Avenue, 28th Floor 
 Los Angeles, CA 90401 

Facsimile: (213) 830-6394 
 Attn:    Jordon L. Kruse 
 (iii) if to the Company:

 Spirit Airlines, Inc. 
 2800 Executive Way 
 Miramar, FL 33025 

Facsimile: (954) 447-7979 
 Attn: Chief Executive Officer 

         General Counsel 

with a copy (which shall not constitute notice) to: 
 Latham & Watkins LLP 
 140 Scott Drive 

Menlo Park, CA 94025 
 Facsimile: (650) 463-2600 
 Attn:    Anthony J. Richmond

 (b) Any such notice shall, if delivered personally, be deemed received upon delivery; shall, if delivered by telecopy, be
deemed received on the first business day following confirmation; shall, if delivered by nationally recognized overnight delivery service, be deemed received the first business day after being sent; and shall, if delivered by mail, be deemed
received upon the earlier of actual receipt thereof or five (5) business days after the date of deposit in the United States mail. 

  
 5 

 (c) Whenever any notice is required to be given by Law or this Agreement, a written waiver
thereof, signed by the Person entitled to notice, whether before or after the time stated therein, shall be deemed equivalent to the giving of such notice. 
 Section 3.02 Amendment; Waiver. This Agreement may be amended, supplemented or otherwise modified only by a written instrument executed by each of the parties hereto. No waiver by any party of
any of the provisions hereof will be effective unless explicitly set forth in writing and executed by the party so waiving. The waiver by any party hereto of a breach of any provision of this Agreement will not operate or be construed as a waiver of
any subsequent breach. 
 Section 3.03 Termination; Survival. This Agreement (i) may be terminated by a written
instrument executed by each of the parties hereto, or (ii) shall terminate automatically if the Sponsor Stockholders cease to hold, in the aggregate, at least a majority of the Total Voting Power of the Company then outstanding. If this
Agreement is terminated pursuant to this Section 3.03, this Agreement shall become void and of no further force and effect, except that the provisions set forth in this Article 3 shall survive the termination. For purposes of
determining whether this Agreement has been terminated pursuant to clause (ii) above, the Company shall be entitled to rely on any reports, schedules, forms, statements and other documents filed by the Company or any of the Sponsor Stockholders
with the U.S. Securities and Exchange Commission pursuant to the reporting requirements of the Exchange Act. 

Section 3.04 Further Assurances. The parties hereto will sign such further documents, cause such meetings to be held,
resolutions passed, exercise their votes and do and perform and cause to be done such further acts and things necessary, proper or advisable in order to give full effect to this Agreement and every provision hereof. 

Section 3.05 Assignment. This Agreement will inure to the benefit of and be binding on the parties hereto and their
respective successors and permitted assigns. Except as specifically provided herein, this Agreement may not be assigned without the express prior written consent of the other parties hereto, and any attempted assignment, without such consents, will
be null and void. 
 Section 3.06 Third Parties. This Agreement does not create any rights, claims or benefits
inuring to any person that is not a party hereto nor create or establish any third party beneficiary hereto. 

Section 3.07 Governing Law. This Agreement shall be governed by and construed in accordance with, the laws of the State of
Delaware without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the law of any jurisdiction other than the State of Delaware.

 Section 3.08 Jurisdiction; WAIVER OF JURY TRIAL. In any judicial proceeding involving any dispute, controversy or
claim arising out of or relating to this Agreement, each of the parties hereto unconditionally accepts the non-exclusive jurisdiction and venue of the Court of Chancery located in the State of Delaware or the United States District Court for the
District of Delaware, and the appellate courts to which orders and judgments thereof may be appealed. In any such judicial proceeding, the parties hereto agree that in addition to any method for the service of process permitted or required by such
courts, to the fullest extent permitted by Law, service of process may be made by delivery provided pursuant to the directions in Section 3.01. EACH OF THE PARTIES HERETO HEREBY WAIVES TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING
ANY DISPUTE, CONTROVERSY OR CLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT OR RELATING TO THE COMPANY OR ITS OPERATIONS. 

  
 6 

 Section 3.09 Specific Performance. Each party hereto acknowledges and agrees
that in the event of any breach of this Agreement by any of them, the other parties hereto would be irreparably harmed and could not be made whole by monetary damages. Each party accordingly agrees to waive the defense in any action for specific
performance that a remedy at law would be adequate and that the parties, in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to specific performance of this Agreement without the posting of bond.

 Section 3.10 Entire Agreement. This Agreement sets forth the entire understanding of the parties hereto with
respect to the subject matter hereof. There are no agreements, representations, warranties, covenants or understandings with respect to the subject matter hereof or thereof other than those expressly set forth herein and therein. This Agreement
supersedes all other prior agreements and understandings between the parties with respect to such subject matter. 

Section 3.11 Severability. If any provision of this Agreement is held to be illegal, invalid or unenforceable under present
or future laws effective during the term of this Agreement, such provision shall be fully severable; this Agreement shall be construed and enforced as if such illegal, invalid, or unenforceable provision had never comprised a part of this Agreement;
and the remaining provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance from this Agreement. Furthermore, in lieu of each such illegal,
invalid or unenforceable provision, there shall be added automatically as a part of this Agreement a provision as similar in terms to such illegal, invalid or unenforceable provision as may be possible and be legal, valid and enforceable.

 Section 3.12 Table of Contents, Heading and Captions. The table of contents, headings, subheadings and captions
contained in this Agreement are included for convenience of reference only, and in no way define, limit or describe the scope of this Agreement or the intent of any provision hereof. 

Section 3.13 Counterparts. This Agreement and any amendment hereto may be signed in any number of separate counterparts, each
of which shall be deemed an original, but all of which taken together shall constitute one Agreement (or amendment, as applicable). Any signature page delivered electronically or by facsimile (including without limitation transmission by Portable
Document Format or other fixed image form) shall be binding to the same extent as an original signature page. 

Section 3.14 Effectiveness. This Agreement shall become effective upon the Closing Date. If the IPO is not consummated on or
prior to August 1, 2011, this Agreement shall automatically terminate and be of no force and effect. 
 Section 3.15
No Recourse. This Agreement may only be enforced against, and any claims or cause of action that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement may only be made
against the entities that are expressly identified as parties hereto and no past, present or future Affiliate, director, officer, employee, incorporator, member, manager, partner, shareholder, agent, attorney or representative of any party hereto
shall have any liability for any obligations or liabilities of the parties to this Agreement or for any claim based on, in respect of, or by reason of, the transactions contemplated hereby. 

(Signature Pages Follow) 

  
 7 

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

			
	THE COMPANY:
	
	 SPIRIT AIRLINES, INC.,
 a Delaware corporation

		
	By:	 	  

	Name:	 	
	Title:	 	

 SIGNATURE PAGE TO STOCKHOLDERS VOTING AGREEMENT 

 
					
	OAKTREE:
	
	OCM SPIRIT HOLDINGS, LLC
		
	By:	 	Oaktree Capital Management, LLC,
		 	its managing member
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	OCM SPIRIT HOLDINGS II, LLC
		
	By:	 	Oaktree Capital Management, LLC,
		 	its managing member
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	OCM SPIRIT HOLDINGS III, LLC
		
	By:	 	Oaktree Capital Management, LLC,
		 	its managing member
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	

 SIGNATURE PAGE TO STOCKHOLDERS VOTING AGREEMENT 

 
					
	
	OCM SPIRIT HOLDINGS III-A, LLC
		
	By:	 	Oaktree Capital Management, LLC,
		 	its managing member
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	OCM PRINCIPAL OPPORTUNITIES FUND II, L.P.
		
	By:	 	Oaktree Capital Management, LLC,
		 	its managing member
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	OCM PRINCIPAL OPPORTUNITIES FUND III, L.P.
		
	By:	 	Oaktree Capital Management, LLC,
		 	its managing member
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	

 SIGNATURE PAGE TO STOCKHOLDERS VOTING AGREEMENT 

 
			
	POF SPIRIT FOREIGN HOLDINGS, LLC
		
	By:	 	Oaktree Capital Management, LLC,
		 	its managing member
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

 SIGNATURE PAGE TO STOCKHOLDERS VOTING AGREEMENT 

 
					
	INDIGO:
	
	INDIGO MIRAMAR LLC, a Delaware limited liability company
		
	By:	 	INDIGO MANAGEMENT LLC, a Delaware limited liability company, its manager
		
	By:	 	  

		 	Name:	 	William A. Franke
		 	Its:	 	Manager
	
	INDIGO FLORIDA, L.P., a Cayman Islands exempted limited partnership
		
	By:	 	 INDIGO PACIFIC PARTNERS L.P.,
 a Cayman Islands exempted limited partnership, its general partner

		
	By:	 	 INDIGO PACIFIC MANAGEMENT LP,
 A Cayman Islands exempted limited partnership, its general partner

		
	By:	 	 INDIGO PACIFIC CAPITAL LLC,
 a Delaware limited liability company, its general partner

		
	By:	 	 INDIGO PACIFIC PARTNERS LLC,
 a Delaware limited liability company, its sole member

		
	By:	 	  

		 	Name:	 	William A. Franke
		 	Its:	 	Managing Member

 SIGNATURE PAGE TO
STOCKHOLDERS VOTING AGREEMENTLetter Agreement

 Exhibit 10.11 
 December 12, 2008 
 CONFIDENTIAL 
 Goldman Sachs Credit Partners L.P. 
 c/o Goldman, Sachs & Co. 

85 Broad Street, 29th Floor 
 New York, NY 10004

 Attn: David Goldberg 
 Michael
Haberkom 
 Re: Commitment Letter 
 Ladies and Gentlemen: 
 Reference is made to that certain Reimbursement Agreement
dated as of July 12, 2005, as amended by the First Amendment to Reimbursement Agreement dated as of July 13, 2006 (as so amended, the “Existing Reimbursement Agreement”) by and among Spirit Airlines, Inc., a Delaware
corporation (“SAI”), Spirit Aviation Services, LC, a Michigan limited liability company, and Goldman Sachs Credit Partners L.P., a Bermuda limited partnership (“GS”). The Existing Reimbursement Agreement is being
amended on the date hereof pursuant to a Second Amendment to Reimbursement Agreement (the “Second Amendment to Reimbursement Agreement” and together with the Existing Reimbursement Agreement, the “Reimbursement
Agreement”). It is a condition precedent to the effectiveness of the Second Amendment to Reimbursement Agreement that the Investors (as defined below) execute and deliver this commitment letter. Capitalized terms used but not defined herein
shall have the meanings ascribed to such terms under the Reimbursement Agreement. 
 No later than 45 days after the Second
Amendment Effective Date, each of Indigo Pacific Partners L.P., a Cayman Islands exempt limited partnership, Long Bar Miramar LLC, a Delaware limited liability company, OCM Principal Opportunities Fund II, L.P., a Delaware limited partnership, OCM
Principal Opportunities Fund III, L.P., a Delaware limited partnership, SAHC Holdings LLC, Highfields Capital I LP and Highfields Capital II LP (each an “Investor” and collectively the “Investors”), on a several and
not joint basis, shall, or shall cause its Affiliates or designees to, (i) contribute its pro rata share of the amount set forth on Exhibit A hereto in the form of equity or debt (to the extent permitted pursuant to the terms of the
Reimbursement Agreement) to SAI or (ii) contribute its pro rata share of the amount set forth on Exhibit A hereto to Cash Collateralize the Letter of Credit (each obligation described in the preceding Clause (i) or (ii) referred to
herein as the “Commitment”); provided, however, the Investors shall not be obligated to comply with either clause (i) or (ii) if GS has notified the Investors or SAI within such 45 day period that GS is satisfied in its
sole and absolute discretion with this, commitment letter. It is understood that no Investor shall be responsible for any default by any other Investor of its obligation to pay its Commitment and that each Investor shall be obligated to pay its
Commitment hereunder, regardless of the failure of any other Investor to pay its Commitment. If any Commitment funded by an Investor constitutes indebtedness incurred by SAI, such indebtedness shall be subject to the terms of the Collateral Agency,
Subordination and Intercreditor Agreement. 

 Each Investor shall be subrogated to all rights of the Credit Parties and GS in respect of
any amounts paid by such Investor pursuant to the provisions of this commitment letter, provided, however, that each Investor hereby agrees that until the Obligations have been Paid in Full, no Investor shall exercise any right or
remedy arising by reason of any performance by it of this commitment letter, whether by subrogation or otherwise, against any Credit Party or any other guarantor of the Guaranteed Obligations or any security for such Guaranteed Obligations. If any
amount shall be paid to any Investor on account of such subrogation or other such rights in violation of the immediately preceding sentence prior to the payment in full in cash of the Obligations, such amount shall be held in trust and such Investor
agrees to pay forthwith such amount to GS. 
 The obligations of the Investors hereunder shall be absolute and unconditional,
shall remain in full force and effect until the earliest to occur of (i) the date when all Reimbursement Claims have been Paid in Full and (ii) the date on which such Investor’s Commitment has been paid as such Commitment is reduced
by all equity contributions or loans made by such Investor to SAI on and after the date hereof (occurrence of event described in either clause (i) or (ii), the “Termination Date”) and shall not in any manner be affected by
reason of any action taken or not taken by GS or of any lack of prior enforcement or retention of any rights against SAI or the Investors or any illegality, enforceability or invalidity of the Reimbursement Agreement, any other guarantee or other
obligations, or any other agreement or instrument referred to herein or therein, or any substitution, release or exchange of any other guarantee of or security for any Reimbursement Claim, or any other circumstance or condition (whether or not the
Investors or SAI shall have any knowledge or notice thereof), including without limitation: 
 (i) any termination, amendment or
modification of, or deletion from, or addition or supplement to, or other change in any of the Reimbursement Agreement, or any furnishing or acceptance of additional security, or any release of any security, for the obligations of SAI under the
Reimbursement Agreement or the failure of any security or the failure of any Person to perfect any interest in any collateral security; 
 (ii) any failure, omission or delay on the part of SAI or any other Person to conform or comply with any term of the Reimbursement Agreement; 

(iii) any exercise or nonexercise of any right, remedy, power or privilege under or in respect of the Reimbursement Agreement or any
obligation or liability contained therein; 
 (iv) except to the extent thereof, any waiver by GS, or its successors or assigns,
of the repayment by SAI of any Reimbursement Claim, or any default under the Reimbursement Agreement, or of the time for performance of any other obligations, covenants or agreements under or arising out of Reimbursement Agreement, or, the,
extension or the renewal of any thereof; 
 (v) the exchange, surrender, substitution or modification of any collateral security
for any Reimbursement Claim; 

 (vi) any failure, omission or delay on the part of GS, or its successors or assigns, to
enforce, assert or exercise any right, power or remedy conferred on it in this commitment letter, or any such failure, omission or delay on the part of GS in connection with the Reimbursement Agreement; 

(vii) any voluntary or involuntary bankruptcy, insolvency, reorganization, arrangement, readjustment, assignment for the benefit of
creditors, composition, receivership, conservatorship, custodianship, liquidation, marshalling of assets and liabilities, liquidation, or similar proceedings with respect to SAI, the Investors, any other Person or any of their respective properties
or creditors, or the disaffirmance with respect to SAI of the Reimbursement Agreement in any such proceeding or any action taken by any trustee or receiver or by any court in any such proceeding; 

(viii) any limitation on the liability or obligations of SAI or the Investors or any discharge, termination, cancellation, frustration,
irregularity, invalidity or unenforceability, in whole or in part, of the Reimbursement Agreement; 
 (ix) any merger or
consolidation of SAI or the Investors into or with any other Person, or any sale, lease or transfer of any of the assets of SAI or the Investors to any other Person; 
 (x) any compromise, settlement, release, renewal, extension, indulgence, change in or waiver or modification of any Reimbursement Claim, or any failure to mitigate damages, or any release or discharge, by
operation of law or otherwise, of the Investors, SAI or any other Person from the performance or observance of any obligation, covenant or agreement contained in this commitment letter or the Reimbursement Agreement; 

(xi) any defense, setoff, cross-claim or counterclaim which may at any time be available to or asserted by or against SAI or the
Investors; 
 (xii) any misrepresentation or breach of warranty made by SAI in the Reimbursement Agreement or in any certificate
or document delivered in connection therewith; 
 (xiii) the genuineness, legality, validity or enforceability of the
Reimbursement Agreement, or of any assignment or termination of the Reimbursement Agreement; and 
 (xiv) any other condition or
circumstance which might otherwise constitute a legal or equitable discharge, release or defense of a surety or guarantor, or which might otherwise limit recourse against the Investors, including, without limitation, any discharge, release, defense
or limitation arising out of any laws of the United States of America or any state thereof which would either exempt, modify or delay the due or punctual payment and performance of the obligations of the Investors hereunder, it being agreed that the
obligations of the Investors hereunder shall not be discharged except by payment or performance as herein provided. 
 The
Investors hereby waive and shall not assert any of the foregoing occurrences as a defense to its obligations hereunder. Without limiting the foregoing, it is understood that repeated and successive demands may be made and recoveries may be made
hereunder as and when, from time to time, SAI shall default under the terms of the Reimbursement Agreement, and that this Commitment Letter shall remain in force and effect and shall apply to each and

 
every subsequent default. No failure or delay in exercising any right under this commitment letter shall operate as a waiver thereof, nor shall any single or partial exercise of any such right
preclude any other or further exercise thereof or the exercise of any other right of GS under this commitment letter or the Reimbursement Agreement. 
 This commitment letter is a guarantee of payment and performance and not of collection and the Investors waive any right to require that any action against SAI or any other Person be taken or exhausted
prior to action being taken against the Investors. Each Investor specifically agrees that it shall not be necessary or required, and that such Investor shall not be entitled to require, that GS: (i) file suit or proceed to obtain or assert a
claim against SAI or any other Person for any Reimbursement Claim; (ii) make any effort at collection of any Reimbursement Claim from SAI or any other Person; (iii) foreclose against or seek to realize upon any security hereafter existing
for any Reimbursement Claim; (iv) file suit or proceed to obtain or assert a claim for personal judgment against any other Person liable for any Reimbursement Claim, or make any effort at collection of any Reimbursement Claim from any such
other Person, or exercise or assert any other right or remedy to which GS is or may be entitled in connection with any Reimbursement Claim or any security or other guaranty therefor; or (v) assert or file any claim against the assets of SAI or
any other guarantor or any other Person liable for any Reimbursement Claim, or any part thereof, either before or as a condition to enforcing the liability of the Investors under this commitment letter or requiring payment of any Reimbursement Claim
by the Investors hereunder. 
 Each Investor hereby specifically agrees that it shall not be necessary or required in order to
enforce its obligations hereunder that there be, and specifically waives diligence, presentment, demand, protest or notice of any kind whatsoever with respect to this commitment or any Reimbursement Claim, including without limitation:
(i) notice of acceptance of this commitment letter or notice of nonpayment or nonperformance of any of any Reimbursement Claim; (ii) demand for payment or performance from SAI; (iii) presentment for payment upon SAI or the making of
any protest; (iv) notice of the amount of any Reimbursement Claim outstanding at any time; (v) notice of failure to perform on the part of SAI or notice of dishonor or acceleration; (vi) any requirement to exhaust any remedies
exercisable upon a default under the Reimbursement Agreement; or (vii) any other circumstance whatsoever which might otherwise constitute a legal or equitable discharge, release or defense of a guarantor or surety or which might otherwise limit
recourse against the Investors. Each Investor agrees that any repayment of any Reimbursement Claim guaranteed hereunder or other act which tolls any statute of limitations applicable thereto shall similarly operate to toll such statute of
limitations applicable to any liability of such Investor hereunder. Each Investor waives all rights and benefits under any applicable law (to the extent applicable to such Investor hereunder) purporting to reduce a guarantor’s obligation in
proportion to the principal obligation guaranteed. Each Investor does hereby waive and relinquish, so far as it may lawfully and effectively do so, the benefit and advantage of any and all valuation, stay, appraisement, extension or redemption laws
which, but for this provision, agreement and waiver, might be applicable to any sale made under any judgment, order or decree of any court or otherwise based on this commitment letter or the Reimbursement Agreement. 

Each Investor hereby represents and warrants that as of the date hereof (a) such Investor has, and as of the Funding Date will have,
unexpired capital commitments in an amount equal to at least the amount of its Commitment, (b) this letter has been duly executed and delivered and 

 
constitutes a legal, valid and binding commitment of such Investor to make its Commitment, enforceable in accordance with its terms and (c) such Investor has the power, directly or
indirectly, to fulfill its obligations as required hereby. 
 Each Investor’s obligations to make its Commitment will
expire on the Termination Date. From and after the expiration of such Investor’s obligations under this commitment letter, neither such Investor nor any of its directors, officers, partners, employees, investors or affiliates will have any
further liability or obligation to any person or entity as a result of this commitment letter. 
 This commitment letter may be
signed in two or more counterparts, any one of which need not contain the signature of more than one party, but all such counterparts taken together shall constitute one and the same agreement. The obligations of the Investors under this commitment
letter may not be assigned in any manner. 
 ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH
THIS LETTER, SHALL BE BROUGHT AND MAINTAINED EXCLUSIVELY IN THE COURTS OF THE STATE OF NEW YORK OR IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK; PROVIDED THAT NOTHING IN THIS LETTER SHALL BE DEEMED OR OPERATE TO
PRECLUDE GS FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION. EACH INVESTOR HEREBY EXPRESSLY AND IRREVOCABLY SUBMITS TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND OF THE UNITED STATES DISTRICT COURT FOR THE
SOUTHERN DISTRICT OF NEW YORK FOR THE PURPOSE OF ANY SUCH LITIGATION AS SET FORTH ABOVE. EACH INVESTOR FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS BY REGISTERED MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF
NEW YORK. EACH INVESTOR HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND
ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 
 EACH INVESTOR AND GS HEREBY WAIVES ANY
RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER THIS LETTER AND ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE DELIVERED IN CONNECTION HEREWITH OR THEREWITH OR
ARISING FROM ANY RELATIONSHIP EXISTING IN CONNECTION WITH ANY OF THE FOREGOING, AND AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY. 

THIS LETTER SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO ITS CONFLICT OF LAWS
PROVISIONS. Under no circumstances shall any Investor or any of its directors, officers, partners, employees, investors or affiliates be liable to any person for incidental, consequential, punitive, exemplary, or special damages. 

[REMAINDER OF PAGE LEFT BLANK INTENTIONALLY] 

 
			
	Sincerely,
	
	OCM PRINCIPAL OPPORTUNITIES FUND II, L.P.
		
	By:	 	Oaktree Fund GP I, L.P.
	Its:	 	General Partner
		
	By:	 	 /s/ illegible

	Name:	 	
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ illegible

	Name:	 	
	Title:	 	Authorized Signatory
	
	OCM PRINCIPAL OPPORTUNITIES FUND III, L.P.
		
	By:	 	OCM Principal Opportunities Fund III, GP, L.P.
	Its:	 	General Partner
		
	By:	 	Oaktree Fund GP I, L.P.
	Its:	 	General Partner
		
	By:	 	 /s/ illegible

	Name:	 	
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ illegible

	Name:	 	
	Title:	 	Authorized Signatory

 
									
	 INDIGO PACIFIC PARTNERS L.P.
 a Cayman Islands exempted limited partnership

		
	By:	 	Indigo Pacific Management LP
		 	 a Cayman Islands exempted limited
 partnership, its General Partner

			
		 	By:	 	Indigo Pacific Capital LLC,
		 		 	 a Delaware limited liability company,
 its General Partner

				
		 		 	By:	 	Indigo Pacific Partners LLC,
		 		 		 	 a Delaware limited liability
 company, its Managing Member

					
		 		 		 	By:	 	 /s/ Stephen L. Johnson

		 		 		 		 	Stephen L. Johnson,
		 		 		 		 	Vice President and Secretary
	
	 LONG BAR MIRAMAR LLC
 a Delaware limited liability company

		
	By:	 	Indigo Management LLC
		 	 a Delaware limited liability company
 its Managing Member

			
		 	By:	 	 /s/ Stephen L. Johnson

		 		 	Stephen L. Johnson,
		 		 	Vice President and Secretary

  
 Commitment
Letter 

 
			
	SAHC HOLDINGS LLC
		
	By:	 	 /s/ Richard Grubman

	Name: Richard Grubman
	Title: Managing Member
	
	HIGHFIELDS CAPITAL I LP
		
	By:	 	 /s/ Richard Grubman

	Name: Richard Grubman,
	Title: Managing Partner of Highfields Capital Management, LP, its Investment Manager
	
	HIGHFIELDS CAPITAL II LP
		
	By:	 	 /s/ Richard Grubman

	Name: Richard Grubman,
	Title: Managing Partner of Highfields Capital Management, LP, its Investment Manager

 EXHIBIT A 

 

					
	 Name
	  	Amount	 
	 Indigo Pacific Partners L.P.
	  	$	8,400,000	  
		
	 Long Bar Miramar LLC
	  	$	600,000	  
		
	 OCM Principal Opportunities Fund II, L.P.
	  	$	2,400,000	  
		
	 OCM Principal Opportunities Fund III, L.P.
	  	$	4,100,000	  
		
	 SAHC Holdings LLC
	  	$	902,200	  
		
	 Highfields Capital I LP
	  	$	118,300	  
		
	 Highfields Capital II LP
	  	$	279,500	  
		
	 Total Commitment
	  	$	16,800,000	  

 Accepted and Agreed to as of the date first above written. 

 

			
	GOLDMAN SACHS CREDIT PARTNERS L.P.
		
	By:	 	 /s/ Caroline Benton

		 	Name: Caroline Benton
		 	Title: Authorized Signatory

 Notices to Goldman Sachs Credit
Partners L.P.: 
 Goldman Sachs Credit Partners L.P. 
 c/o Goldman, Sachs & Co. 
 85 Broad Street, 29th Floor 

New York, NY 10004 
 Attn: David Goldberg

 Michael Haberkorn 
 Telephone:
(212) 902-4380 
 Facsimile: (212) 902-3757 
 with a copy to: 
 Pedro Ramirez 
 c/o Goldman, Sachs & Co. 
 30 Hudson Street, 17th Floor 

Jersey City, NJ 07302 
 Telephone:
(917) 343-8319 
 Facsimile: (212) 428-1243 

 NOTICE OF EXTENSION 

January 23,
2009                                 

 

			
	Indigo Pacific Partners L.P.	 	Long Bar Miramar LLC
		
	OCM Principal Opportunities Fund II, L.P.	 	OCM Principal Opportunities Fund III, L.P.
		
	SAHC Holdings LLC	 	Highfields Capital I LP
		
	Highfields Capital	 	

 VIA EMAIL & FACSIMILE 

 

	 	Re:	Commitment Letter dated December 12, 2008  

 Dear Ladies and Gentlemen: 
 Reference is made to the that certain Commitment
Letter dated December 12, 2008 (the “Commitment Letter”) by Indigo Pacific Partners L.P., a Cayman Islands exempt limited partnership, Long Bar Miramar LLC, a Delaware limited liability company, OCM Principal Opportunities Fund
II, L.P., a Delaware limited partnership, OCM Principal Opportunities Fund III, L.P., a Delaware limited partnership, SAHC Holdings LLC, Highfields Capital I LP and Highfields Capital II LP (each an “Investor” and collectively the
“Investors”) in favor of Goldman Sachs Credit Partners L.P. (“GS”). Capitalized terms used herein and not otherwise defined shall have the meanings attributed to them in the Commitment Letter. 

We hereby give notice to each Investor that the 45 day period referenced in the second paragraph of the Commitment Letter is hereby
extended for 14 days (the “Extension Period”) such that the Extension Period ends on February 9, 2009. 
  

			
	Very truly yours,
	
	GOLDMAN SACHS CREDIT PARTNERS L.P.
		
	By:	 	 /s/ Caroline Benton

		 	Name: Caroline Benton
		 	Title: Authorized Signatory

 SPIRIT AIRLINES, INC. 

2800 Executive Way 

Miramar, Florida 33025 
 December 12, 2008 
 Reference is hereby made to that certain commitment
letter dated as of even date herewith made by Indigo Pacific Partners L.P., a Cayman Islands exempt limited partnership, Long Bar Miramar LLC, a Delaware limited liability company, OCM Principal Opportunities Fund II, L.P., a Delaware limited
partnership, OCM Principal Opportunities Fund III, L.P., a Delaware limited partnership, SAHC Holdings LLC, Highfields Capital I LP and Highfields Capital II LP (each an “Investor”) in favor of Goldman Sachs Credit Partners L.P.
(the “Commitment Letter”). Capitalized terms used herein without definition shall have the meanings ascribed thereto in the Commitment Letter. 
 In connection with the Commitment Letter, and for good and valuable consideration, Spirit Airlines, Inc. (the “Company”) shall pay to each Investor, during the period from the date hereof
until the earliest to occur of (i) the date when all Reimbursement Claims have been Paid in Full by the Company and such Investor’s Commitments have been terminated and (ii) if the Investor is required to make payments to GS pursuant
to the terms of the Commitment Letter, the date on which the Company has reimbursed such Investor in full for the payments made by such Investor in respect of such Commitment, including pursuant to the delivery of debt of equity securities of the
Company to such Investor in payment of such reimbursement obligation, a commitment fee on such Investor’s Commitment from time to time outstanding at the rate of seventeen percent (17%) per annum accruing on a daily basis beginning on the
date hereof compounded quarterly on each December 15, March 15, June 15 and September 15 to the extent not paid. Such commitment fee shall be computed on the basis of a 360-day year and the actual number of days
elapsed. Payment of the foregoing fee will not be subject to counterclaim or set-off for, or be otherwise affected by, any claim or dispute relating to any other matter. The fees payable hereunder are being delivered to the Investors in recognition
of the additional financial risk associated with such Investors’ indirect investment in the Company and not as compensation or payment for any services rendered or otherwise in connection with the pursuit by such Investors of a trade or
business. If at any time any Investor’s obligation under the Commitment Letter is reduced or terminated in full or in part, including as a result of equity contributions or loans made by such Investor to the Company following the date hereof,
fees shall continue to accrue only with respect to the amount of such Investor’s remaining commitment under Commitment Letter. 
 In the event that any Investor is required to make a payment under the Commitment Letter, then SAI agrees to pay to such Investor, or cause to be paid to such Investor, with interest as provided in the
immediately preceding paragraph, an amount equal to the amount paid by such Investor under the Commitment Letter, which payment shall become due and payable immediately upon the earlier of (i) demand of such Investor and (ii) the date that
is five (5) days after the payment hereof by such Investor. All amounts under this paragraph shall be paid in U.S. Dollars without set-off, claim or counterclaim in immediately available funds to such Investor. The obligations of SAI hereunder
to reimburse the Investors shall be absolute, irrevocable and unconditional and shall be performed strictly in accordance with the terms hereof, irrespective of any lack of validity or enforceability of the Commitment Letter or any related agreement
or any other event or circumstance. 

  
 Commitment Fee
Letter 

 This letter agreement shall be governed by, and construed in accordance with, the laws of
New York, excluding any rule of law that would cause the application of the laws of any jurisdiction other than New York. 

This letter agreement represents the complete and final expression of the parties’ agreements and understandings with respect to its
subject matter and this letter agreement supersedes all other prior and contemporaneous oral and written understandings, dealings, communications and agreements, including negotiations, discussions, representations, warranties, information,
documents, and agreements, between the parties with respect to the subject matter of this agreement. 
 Copies (whether
photostatic, facsimile or otherwise) of this letter agreement may be relied upon to the same extent as an original hereof. 

[Remainder of page intentionally left blank.] 

  
 Commitment Fee
Letter 

 IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed as of the date
First written above. 
  

			
	SPIRIT AIRLINES, INC.
		
	By:	 	 /s/ David Lancelot

	Name:	 	 David Lancelot

	Title:	 	 SVP & CFO

  
 Commitment Fee
Letter

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