Replacement Subsidiary Guaranty Sample Contracts

REPLACEMENT SUBSIDIARY GUARANTY
Replacement Subsidiary Guaranty • June 22nd, 2004 • Airnet Systems Inc • Air transportation, scheduled

THIS REPLACEMENT SUBSIDIARY GUARANTY (this “Guaranty”) is made as of the 28th day of May, 2004, by AirNet Management, Inc., an Ohio corporation; Float Control, Inc., a Michigan corporation; and Jetride, Inc., an Ohio corporation (each being referred to herein separately and collectively as a “Subsidiary Guarantor” and the “Subsidiary Guarantors”) in favor of the Administrative Agent, for the benefit of the Lenders, the Swingline Lender and the LC Issuer under the Agreement referred to below.

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