FORM OF NOTEForm of Note • January 18th, 2006
Contract Type FiledJanuary 18th, 2006FOR VALUE RECEIVED, the undersigned ATA AIRLINES, INC., an Indiana corporation (the “Borrower”), hereby promises to pay to [Lender’s name] (the “Lender”), the principal amount of [such Lender’s Pro Rata Share of $20,000,000] Dollars ($ ), payable on the dates and in the principal amounts set forth below [the amounts to be inserted in each Note will be the Lender’s Pro Rata Share of the amortization payment being made on such date under the Loan Agreement (referred to below); the amortization schedule under the Loan Agreement will be calculated on the same pro rata basis as the amortization schedule under the ATSB’s Loan Agreement]; provided that, the Borrower shall repay the entire unpaid principal amount hereunder on October 10, 2009: