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EXHIBIT 99.7
TERMINATION OF SUPPLEMENTAL AGREEMENT
THIS TERMINATION OF SUPPLEMENTAL AGREEMENT (this "Termination
Agreement") is made as of this 15th day of November, 2000 among Continental
Airlines, Inc., a Delaware corporation (the "Company"), Northwest Airlines
Corporation, a Delaware corporation formerly named Newbridge Parent Corporation
(the "Stockholder"), and Northwest Airlines Holdings Corporation, a Delaware
corporation formerly named Northwest Airlines Corporation ("Parent").
WHEREAS, the Parent, the Stockholder and the Company have entered into
that certain Supplemental Agreement dated as of November 20, 1998, as amended by
the First Amendment dated as of February 8, 2000 (such agreement, as so amended,
the "Supplemental Agreement").
WHEREAS, the Parent, the Stockholder, the Company, Northwest Airlines,
Inc., a Minnesota corporation, and Air Partners, L.P., a Texas limited
partnership, have entered into the Omnibus Agreement dated as of November 15,
2000 (the "Agreement").
WHEREAS, the terms of the Agreement provide that the Parent, the
Stockholder and the Company shall enter into an agreement terminating the
Supplemental Agreement.
WHEREAS, this Termination Agreement has been approved by a Majority
Vote (as that term is defined in the Supplemental Agreement).
NOW THEREFORE, the Parent, the Stockholder and the Company intending to
be legally bound, hereby agree as follows:
1. Effective as of the Effective Time (as that term is defined in the
Agreement), the Supplemental Agreement shall be terminated and shall be of no
further force and effect.
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2. If the Agreement has terminated in accordance with its terms prior
to the Effective Time, this Termination Agreement shall be terminated and shall
be of no further force and effect.
3. This Termination Agreement may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the
signatures thereto and hereto were upon the same instrument.
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IN WITNESS WHEREOF, the parties hereto have caused this Termination of
Supplemental Agreement to be executed as of the date first referred to above.
NORTHWEST AIRLINES CORPORATION
By: _________________________________________
Xxxxxxx X. Xxxxxxxxx
Executive Vice President, General Counsel
and Secretary
NORTHWEST AIRLINES HOLDINGS CORPORATION
By: _________________________________________
Xxxxxxx X. Xxxxxxxxx
Executive Vice President, General Counsel
and Secretary
CONTINENTAL AIRLINES, INC.
By: _________________________________________
Xxxxxxx X. Xxxxxx
Executive Vice President, General Counsel
and Secretary
[SIGNATURE PAGE TO TERMINATION OF SUPPLEMENTAL AGREEMENT]
