Great Lakes Aviation Ltd Watch

from 8-K 54 pages Loan Agreement Dated as of December 22, 2014 Between Great Lakes Aviation, Ltd. as Borrower, and Callidus Capital Corporation, as Lender

from 8-K 10 pages First Amendment to Fifth Amendment and Third Forbearance to Credit Agreement

from 8-K 13 pages Fifth Amendment and Third Forbearance to Credit Agreement

from 8-K 17 pages Fourth Amendment and Second Forbearance to Credit Agreement

from 8-K 11 pages Third Amendment and Forbearance to Credit Agreement

from 10-K 9 pages Second Amendment to Credit Agreement

from 10-K 9 pages First Amendment to Credit Agreement

from 10-Q 140 pages Credit Agreement Dated as of November 16, 2011 by and Among Great Lakes Aviation, Ltd. as Great Lakes, Gb Merchant Partners, LLC, as Collateral Agent and Crystal Financial LLC, as Administrative Agent and the Other Financial Institutions and Entities Party Hereto, as Lenders

from 8-K 19 pages Agreement

from 10-K 10 pages Raytheon Aircraft Credit Corporation

from 10-K 11 pages Raytheon Aircraft Credit Corporation

from 10-Q 9 pages Raytheon Aircraft Credit Corporation

from 10-K 1 page <page> Great Lakes Aviation, Ltd., 1965 330th Street Spencer, Iowa 51301 January 5, 2000 Coast Business Credit 12121 Wilshire Boulevard, Suite 1400 Los Angeles, California 90025 Ladies and Gentlemen: This Letter Is Provided in Connection With the Loan and Security Agreement, Dated as of December 31, 1999, Between Great Lakes Aviation, Ltd., an Iowa Corporation ("Borrower") and Coast Business Credit, a Division of Southern Pacific Bank, a California Corporation ("Coast') (The "Loan Agreement"). All Initially Capitalized Terms Not Otherwise Defined Herein Will Have the Meanings Given to Such Terms in the Loan Agreement. Pursuant to the Terms of the Loan Agreement and Prior to the First Advance of Funds, Borrower Is Required to Fulfill All "Conditions Precedent" Including, Without Limitation, Those Described in Sections 5.17 and 5.18 of the Loan Agreement. This Letter Is Delivered in Connection With Those Certain Sections 5.17 and 5.18. With Respect to Section 5.17, Borrower Represents and Warrants That It Is in Compliance With: (I) All Directives/Regulations of the Federal Aviation Administration, the Department of Transportation and Any Other Governmental Entities, and (II) All Provisions of the United Agreement; Where the Failure to Comply With Same Could Result in a Material Adverse Effect. With Respect to Section 5.18, Borrower Represents and Warrants That Its Air Operator Certificate Is in Good Standing and That It Has Complied in All Material Respects With All Provisions of Federal, State and Local Laws and Regulations, as Applicable, Relating to Borrower's Maintaining Its Air Operator Certificate in Good Standing. Sincerely, Great Lakes Aviation, Ltd., an Iowa Corporation By: /S/ Thomas J. Ahmann Name: Thomas J. Ahmann Title: CFO