Frontier Airlines 2014 Annual Report Download - page 105

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EXECUTION COPY
AMENDMENT NUMBER SEVEN to
DELTA CONNECTION
AGREEMENT
This Amendment Number Seven (this "Amendment"), dated as of December 11, 2014 (“Amendment Number Seven
Effective Date”), to the Delta Connection Agreement dated and effective January 13, 2005 (as amended from time to time, the
“Agreement”), is among Delta Air Lines, Inc., 1030 Delta Boulevard, Atlanta, Georgia 30320 ("Delta"), Shuttle America Corporation
(as assignee of Republic Airline Inc.) (“Shuttle America” or “Operator”), 8909 Purdue Road, Indianapolis, Indiana 46268 and
Republic Airways Holdings Inc. (“Republic”), 8909 Purdue Road, Indianapolis, Indiana 46268.
WHEREAS, Delta, Shuttle America and Republic are parties to the Agreement; and
WHEREAS, the parties desire to add additional aircraft within the scope of the Agreement and amend certain provisions
of the Agreement, each pursuant to the terms of this Amendment; and
NOW, THEREFORE, for and in consideration of the mutual undertakings set forth herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Delta, Operator and Republic, intending to be legally
bound, hereby agree as follows:
1. Defined Terms. All terms capitalized used, but not defined, herein shall have the meaning ascribed to such terms in the
Agreement.
2. Option to Purchase Existing Sixteen (16) ERJ 175 Aircraft.
Delta shall have the option, which it may exercise in its sole discretion by providing Operator no less than [*] prior written notice and
subject to reasonable and customary due diligence by or on behalf of Delta, to purchase from Operator any, or all, of the sixteen (16)
ERJ 175 Aircraft set forth in Exhibit A attached hereto and incorporated herein together with two (2) of the thirty-two (32) engines set
forth on Exhibit A attached hereto for each such ERJ 175 Aircraft (collectively, the “ERJ 175 Baseline Aircraft”) upon the expiration
of the respective term of the Agreement with respect to each such ERJ 175 Baseline Aircraft for an amount equal to the net book value
(in accordance with GAAP) of each such ERJ 175 Baseline Aircraft at the time of such expiration (the “ERJ 175 Baseline Aircraft
Purchase Option”). At any time after Delta
1