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Amendment No. 4 effective July 1, 1947 AMENDMENT to AGREEMENT between COLONIAL AIRLINES, INC. and THE AIR LINE PILOTS IN THE SERVICE OF COLONIAL AIRLINES, as represented by THE AIR LINE PILOTS ASSOCIATION, INTERNATIONAL THIS AMENDMENT made and entered into in accordance with the provisions of the RAILWAY LABOR ACT, as amended, by and between COLONIAL AIRLINES, INC. (hereinafter referred to as the "Company"), and the AIR LINE PILOTS in the service of COLONIAL AIRLINES INC., as represented by the AIR LINE PILOTS ASSOCIATION, INTERNATIONAL(hereinafter referred to as the "Association"). WITNESSETH: WHEREAS, the Company and the Association desire to amend in certain respects their Pilots' Employment Agreement effective August 1, 1941, as supplemented by memorandum of Understanding dated June 1, 1942, by Amendment to Agreement effective October 1, 1944, and by Supplemental Agreement effective April 23, 1947. NOW THEREFORE, the parties hereto mutually agree as follows: PAY FIRST PILOTS: 1. Section 3 of the Agreement is hereby amended to read as follows: Section 3. *(a) First pilots shall be paid minimum base pay, payable monthly, at the following rates: First year ---------------------- $2,200.00 per annum * Indicates change. Page Forty-nine