EXHIBIT 10.21(a)
Amendment Number One
to Acquisition Agreement
This Amendment Number One to Acquisition Agreement by and among
Jetstream Aircraft, Inc., a Delaware corporation ("JAI"), JSX Capital
Corporation, a Delaware corporation ("JSX"), and Atlantic Coast Airlines, a
California corporation ("ACA") is dated as of June 19, 1996.
Whereas, the parties have entered into an Acquisition Agreement for
Jetstream 41 Aircraft (the "Acquisition Agreement") dated as of December 30,
1994, which Acquisition Agreement provides for the lease to ACA of twenty
Jetstream 41 Aircraft (as defined in the Acquisition Agreement) on terms and
conditions contained therein; and
Whereas, eleven of the Jetstream 41 Aircraft have been delivered and
leased to ACA pursuant to the Acquisition Agreement, and nine of the Jetstream
Aircraft (the "Undelivered Aircraft") have not yet been delivered or leased to
ACA, and
Whereas, Section 9.1.8 of the Acquisition Agreement contains certain
conditions precedent to the delivery of the Undelivered Aircraft, and the
parties desire to clarify the effect of said conditions precedent and to amend
the obligations of the parties with respect to said Undelivered Aircraft;
Now therefore, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto acknowledge
and agree as follows:
1. Section 9.1.8 of the Acquisition Agreement is hereby deleted.
2. ACA's obligation to accept delivery of, and JAI's obligation to deliver,
the Undelivered Aircraft is hereby canceled. The parties shall have no
further obligations with respect to the delivery of Undelivered Aircraft
unless ACA elects to exercise the option as described below.
3. ACA shall have an option to accept delivery of any of the Undelivered
Aircraft on the same terms and conditions as contained in the
Acquisition Agreement subject to the conditions precedent in the
Acquisition Agreement and further subject to the following:
a) This option shall be exercised by ACA's providing written notice
to Jetstream of its intention to accept delivery of any of the
Undelivered Aircraft.
b) The option may be exercised in whole or in part, and may be
elected incrementally until expiration.
c) The delivery date of any Undelivered Aircraft shall be specified
in the notice but shall be at least six months after the delivery
of said notice, and with all deliveries to be completed on or
before June 30, 1997, both unless otherwise agreed by the parties.
Jetstream's obligation to meet a delivery date specified in a
notice shall be subject to availability, but in that event
delivery shall be completed as soon thereafter as Jetstream has
available delivery positions as of the date it receives notice.
d) This option will expire for any Undelivered Aircraft for which a
notice of exercise is not delivered on or before December 31,
1996.
THE NEXT PAGE IS THE SIGNATURE PAGE
In Witness Whereof, the parties hereto have caused this Amendment Number
One to Acquisition Agreement to be executed by their duly authorized officers
as of the date and year written above.
ATLANTIC COAST AIRLINES JETSTREAM AIRCRAFT, INC.
By:__________________________ By:__________________________
Its:__________________________ Its:__________________________
JSX CAPITAL CORPORATION
By:__________________________
Its:__________________________
D-3
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