Amendment No. 14 to Purchase Agreement DCT-014/2004, by and between Embraer-Empresa Brasileira de Aeronautica S.A. and Republic Airline, Inc., dated November 9, 2005

Contract Categories: Business Finance - Purchase Agreements
EX-10.39(N) 5 exhibit10_39n.htm EXHIBIT 10.39 (N) AMENDMENT 14 TO PURCHASE AGREEMENT DCT-014/2004 Exhibit 10.39 (n) Amendment 14 to Purchase Agreement DCT-014/2004

 EXHIBIT 10.39 (n)
 CONFIDENTIAL TREATMENT
 REQUESTED PURSUANT TO RULE 24b-2
 
Certain portions of this exhibit have been omitted pursuant to a request for confidential treatment under Rule 24b-2 of the Securities Exchange Act of 1934. The omitted materials have been filed separately with the Securities and Exchange Commission.
 
 CONFIDENTIAL
 
AMENDMENT No. 14 TO PURCHASE AGREEMENT DCT-014/2004
 
This Amendment No. 14 to Purchase Agreement DCT-014/2004, dated as of November 9, 2005 (“Amendment No. 14”) relates to the Purchase Agreement DCT-014/2004 (the “Purchase Agreement”) between Embraer - Empresa Brasileira de Aeronáutica S.A. (“Embraer”) and Republic Airline Inc. (“Buyer”) dated March 19, 2004 as amended from time to time (collectively referred to herein as “Agreement”). This Amendment No. 14 is between Embraer and Buyer, collectively referred to herein as the “Parties”.

This Amendment No. 14 sets forth additional agreements between Embraer and Buyer relative to the confirmation of 4 Conditional Aircraft to 4 Firm Aircraft and changes on the Firm and Conditional Aircraft delivery schedules.

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. 14, which are not defined herein shall have the meaning given in the Purchase Agreement. In the event of any conflict between this Amendment No. 14 and the Purchase Agreement the terms, conditions and provisions of this Amendment No. 14 shall control.

WHEREAS, in connection with the Parties’ agreement 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 of the Purchase Agreement shall be deleted and replaced as follows:
 
“Subject to the terms and conditions of this Agreement:

2.1 Embraer shall sell and deliver and Buyer shall purchase and take delivery of forty-eight (48) Aircraft [*];
 
2.2 Embraer shall provide to Buyer the Services and the Technical Publications;
 
2.3 Buyer shall have the right to purchase up to twelve (12) Conditional Aircraft, in accordance with Article 22; and
 
2.4 Buyer shall have the option to purchase up to forty (40) Option Aircraft, in accordance with Article 23."
 
 
 
____
* Confidential
 

 
CONFIDENTIAL
 
2.  Firm Aircraft: 
 
    2.1 Delivery: The table containing the delivery schedule in Article 5.1 of the Purchase Agreement shall be deleted in its entirely and replaced with the following:

“Firm A/C
Delivery Month
[*]
Firm A/C
Delivery Month
[*]
1
Sep 2004
[*]
25
[*]
[*]
2
[*]
[*]
26
[*]
[*]
3
[*]
[*]
27
[*]
[*]
4
[*]
[*]
28
[*]
[*]
5
[*]
[*]
29
[*]
[*]
6
[*]
[*]
30
[*]
[*]
7
[*]
[*]
31
[*]
[*]
8
[*]
[*]
32
[*]
[*]
9
[*]
[*]
33
[*]
[*]
10
[*]
[*]
34
[*]
[*]
11
[*]
[*]
35
[*]
[*]
12
[*]
[*]
36
[*]
[*]
13
[*]
[*]
37
[*]
[*]
14
[*]
[*]
38
[*]
[*]
15
[*]
[*]
39
[*]
[*]
16
[*]
[*]
40
[*]
[*]
17
[*]
[*]
41
[*]
[*]
18
[*]
[*]
42
[*]
[*]
19
[*]
[*]
43
[*]
[*]
20
[*]
[*]
44
[*]
[*]
21
[*]
[*]
45
[*]
[*]
22
[*]
[*]
46
[*]
[*]
23
[*]
[*]
47
[*]
[*]
24
[*]
[*]
48
Oct 2006
[*]
[*].

3.  Conditional Aircraft:
 
    3.1 The opening paragraph of Article 22, the delivery schedule table and the first paragraph of Article 22.1 of the Purchase Agreement shall be deleted and replaced by the following:
 
    "Subject to confirmation by Buyer as described below, Buyer shall have the right to purchase up to twelve (12) additional Aircraft (the "Conditional Aircraft"), to be delivered on the last day of the applicable month set forth below or such earlier date in such month specified pursuant to Article 7.1:
 
_____
*Confidential
 

 
CONFIDENTIAL
 
 
 
Conditional A/C
 
 
Delivery Month
 
 
Conditional A/C
 
 
Delivery Month
 
1
Oct 2006
7
[*]
2
[*]
8
[*]
3
[*]
9
[*]
4
[*]
10
[*]
5
[*]
11
[*]
6
[*]
12
Feb 2007

22.1 Buyer's right to purchase [*]shall be subject to Buyer giving notice to Embraer of its election to purchase [*] on or before [*]. Buyer shall be allowed to confirm the acquisition of all or part [*].”

    3.2. The second paragraph of Article 22.1 shall remain unchanged.

4.  Miscellaneous: All other provisions of the Agreement which have not been specifically amended or modified by this Amendment No. 14 shall remain valid in full force and effect without any change.
 
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*Confidential

 
CONFIDENTIAL
 
IN WITNESS WHEREOF, EMBRAER and BUYER, by their duly authorized officers, have entered into and executed this Amendment No. 14 to Purchase Agreement to be effective as of the date first written above.
 
EMBRAER - Empresa Brasileira de Aeronáutica S.A.
REPUBLIC AIRLINE INC. 
   
/s/ Illegible /s/ Bryan Bedford


Name:
Title:
Name: Bryan Bedford
Title: President

   
/s/   

Name:
Title:
Date: November 9, 2005
Place: Indianapolis, IN

Date: 
Place: 
 

Witness:  /s/ Fernando Bueno Witness:/s/ Lars-Erik Arnell
Name: Fernando Bueno
 
Name: Lars-Erik Arnell