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AGREEMENT between CANADIAN COLONIAL AIRWAYS, INC. and THE AIR LINE PILOTS IN THE SERVICE OF CANADIAN COLONIAL AIRWAYS, INC. as represented by THE AIR LINE PILOTS ASSOCIATION, INTERNATIONAL This agreement is made and entered into in accordance with the provisions of the Railway Labor Act, as amended, by and between Canadian Colonial Airways, Inc., hereinafter known as the "Company," and the air line pilots in the service of Canadian Colonial Airways, Inc., as presented by the AIR LINE PILOTS ASSOCIATION, INTERNATIONAL, hereinafter known as the "Association." It is hereby mutually agreed: RECOGNITION: Sec. 1: The Air Line Pilots Association, International, has furnished to the Company proof that a majority of the airline pilots employed by the Company have designated the Association to represent them an in their behalf negotiate and conclude an agreement with the Company as to hours of labor, wages, and other employment conditions covering the pilots in the employ of the Company in accordance with the provisions of the Railway Labor Act, as amended. Page One