Exhibit 10.1

Supplemental Agreement No. 57

to

Purchase Agreement No. 1951

(the Agreement)

Between

The Boeing Company

and

Continental Airlines, Inc.

Relating to Boeing Model 737 Aircraft

THIS SUPPLEMENTAL AGREEMENT, is entered into as of March 2, 2011 by and between
THE BOEING COMPANY (Boeing) and CONTINENTAL AIRLINES, INC. (Customer);

WHEREAS, Customer wishes to [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY
WITH THE SECURITIES AND EXCHANGECOMMISSION PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT]

WHEREAS, Boeing and Customer have agreed to [CONFIDENTIAL MATERIAL OMITTED AND
FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A
REQUEST FOR CONFIDENTIAL TREATMENT]

WHEREAS, Customer agrees to [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY
WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT]

WHEREAS, Customer wishes to [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY
WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT]

--------------------------------------------------------------------------------

WHEREAS, the parties agree to reschedule the following Aircraft:

 

Serial

Number

   Current
Contract
Month      Revised
Contract
Month  

37201

     Dec 2012         Nov 2012   

WHEREAS, Customer and Boeing agree to maintain a list of all Model 737 aircraft
covered by Letter Agreement 6-1162-MMF-311R6;

WHEREAS, Customer and Boeing agree to revise the Model 737-924ER performance
guarantees for those aircraft delivering in May 2012 and later to reflect the
current configuration and incorporation of the performance improvement package.

WHEREAS, Customer has previously agreed to allow Boeing to use certain aircraft
for flight testing in accordance with Letter Agreement 6-1162-RCN-1890, and the
parties wish to update Attachment 1 to that Letter Agreement;

NOW THEREFORE, in consideration of the mutual covenants herein contained, the
parties agree to amend the Agreement as follows:

 

  1. Table of Contents, Articles, Tables, Exhibits, and Letter Agreements:

1.1 Remove and replace, in its entirety, the “Table of Contents”, with the
“Table of Contents” attached hereto, to reflect the changes made by this
Supplemental Agreement No. 57.

1.2 Remove and replace, in their entirety, page T-2-2, T-2-3 and T-2-4 of Table
1 entitled “Aircraft Deliveries and Descriptions, Model 737-700 Aircraft”, with
the revised page T-2-2 of Table 1 attached hereto.

1.3 Remove and replace, in its entirety, page T-6-1, T-6-2, and T-6-3 of Table 1
entitled the “Aircraft Deliveries and Descriptions, Model 737-900ER Aircraft”,
with the revised page T-6-1, T-6-2, and T-6-3 of Table 1 attached hereto.

1.4 Remove and replace, in its entirety, Letter Agreement 1951-9R20, “Option
Aircraft Delivery, Description, Price, and Advance Payments” with the revised
Letter Agreement 1951-9R21, attached hereto.

1.5 Remove and replace, in its entirety, Letter Agreement 6-1162-MMF-311R6 with
the revised Letter Agreement 6-1162-MMF-311R7, attached hereto.

1.6 Remove and replace, in its entirety, Letter Agreement 6-1162-GOC-131R10 with
the revised Letter Agreement 6-1162-GOC-131R11, attached hereto.

1.7 Remove and replace, in its entirety, Letter Agreement 6-1162-MSA-768 with
the revised Letter Agreement 6-1162-MSA-768R1, attached hereto.

1.8 Remove and replace, in its entirety, Attachment 1 to Letter Agreement
6-1162-RCN-1890 with the revised Attachment 1 to Letter Agreement
6-1162-RCN-1890, attached hereto.

--------------------------------------------------------------------------------

1.9 Add Letter Agreement 6-1162-SEE-0360, Performance Guarantees – Model
737-924ER Aircraft (delivering May 2012 and on).

The Agreement will be deemed to be supplemented to the extent herein provided as
of the date hereof and as so supplemented will continue in full force and
effect.

EXECUTED IN DUPLICATE as of the day and year first written above.

 

THE BOEING COMPANY     CONTINENTAL AIRLINES, INC. By:  

/s/ Susan Englander

    By:  

/s/ Gerald Laderman

Its: Attorney-in-Fact     Its:   Senior Vice President – Finance and Treasurer

--------------------------------------------------------------------------------

TABLE OF CONTENTS

 

ARTICLES

        Page
Number      SA
Number   1.    Subject Matter of Sale      1-1         SA 39    2.    Delivery,
Title and Risk of Loss      2-1       3.    Price of Aircraft      3-1        
SA 39    4.    Taxes      4-1       5.    Payment      5-1       6.    Excusable
Delay      6-1       7.    Changes to the Detail Specification      7-1        
SA 39    8.    Federal Aviation Requirements and Certificates and Export License
     8-1         SA 39    9.    Representatives, Inspection, Flights and Test
Data      9-1       10.    Assignment, Resale or Lease      10-1       11.   
Termination for Certain Events      11-1       12.    Product Assurance,
Disclaimer and Release; Exclusion of Liabilities; Customer Support;
Indemnification and Insurance      12-1       13.    Buyer Furnished Equipment
and Spare Parts      13-1       14.    Contractual Notices and Requests     
14-1         SA 39    15.    Miscellaneous      15-1      

--------------------------------------------------------------------------------

TABLE OF CONTENTS

 

TABLES

        Page
Number      SA
Number   1.    Aircraft Deliveries and Descriptions – 737-500      T-1        
SA 3       Aircraft Deliveries and Descriptions – 737-700      T-2         SA 57
      Aircraft Deliveries and Descriptions – 737-800      T-3         SA 55   
   Aircraft Deliveries and Descriptions – 737-600      T-4         SA 4      
Aircraft Deliveries and Descriptions – 737-900      T-5         SA 39      
Aircraft Deliveries and Descriptions – 737-900ER      T-6         SA 57   

EXHIBITS

                   A-1   

Aircraft Configuration – Model 737-724

(Aircraft delivering through July 2004)

        SA 26    A-1.1   

Aircraft Configuration – Model 737-724

(Aircraft delivering on or after August 2004)

        SA 46    A-2   

Aircraft Configuration – Model 737-824

(Aircraft delivering through July 2004)

        SA 26    A-2.1   

Aircraft Configuration – Model 737-824

(Aircraft delivering August 2004 through December 2007)

        SA 41    A-2.2   

Aircraft Configuration – Model 737-824

(Aircraft delivering January 2008 through July 2008)

        SA 45    A-2.3   

Aircraft Configuration – Model 737-824

(Aircraft scheduled to deliver between August 2008 and October 2010)

        SA 50   

--------------------------------------------------------------------------------

A-2.4   

Aircraft Configuration – Model 737-824

(Aircraft scheduled to deliver in or after November 2010)

        SA 50    A-3    Aircraft Configuration – Model 737-624         SA 1   
A-4    Aircraft Configuration – Model 737-524         SA 3    A-5   

Aircraft Configuration – Model 737-924

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

        SA 26    A-6   

Aircraft Configuration – Model 737-924ER

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

        SA 45    A-6.1   

Aircraft Configuration – Model 737-924ER

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

        SA 53    A-6.2   

Aircraft Configuration – Model 737-924ER

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

        SA 53    B    Product Assurance Document         SA 1    C    Customer
Support Document – Code Two – Major Model Differences         SA 1    C1   
Customer Support Document – Code Three – Minor Model Differences         SA 39
   D    Aircraft Price Adjustments – New Generation Aircraft (1995 Base Price -
[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]         SA
1   

--------------------------------------------------------------------------------

D1    Airframe and Engine Price Adjustments – Current Generation Aircraft      
  SA 1    D2   

Aircraft Price Adjustments – New Generation Aircraft (1997 Base Price -

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

        SA 5    D3   

Aircraft Price Adjustments - New Generation Aircraft (July 2003 Base Price –

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

        SA 41    D4   

Escalation Adjustment – Airframe and Optional Features

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

        SA 41    E    Buyer Furnished Equipment Provisions Document         SA
39    F    Defined Terms Document         SA 5   

--------------------------------------------------------------------------------

TABLE OF CONTENTS

 

LETTER AGREEMENTS

   SA
Number   1951-1    Not Used    1951-2R4    Seller Purchased Equipment      SA 39
   1951-3R22    Option Aircraft-Model 737-824 Aircraft      SA 38    1951-4R1   
Waiver of Aircraft Demonstration      SA 1    1951-5R3    Promotional Support –
New Generation Aircraft      SA 48    1951-6    Configuration Matters   
1951-7R1    Spares Initial Provisioning      SA 1    1951-8R2    Escalation
Sharing – New Generation Aircraft      SA 4    1951-9R21    Option
Aircraft-Model 737-724 Aircraft      SA 57    1951-11R1    Escalation
Sharing-Current Generation Aircraft      SA 4    1951-12R7    Option Aircraft –
Model 737-924 Aircraft      SA 32    1951-13    Configuration Matters – Model
737-924      SA 5    1951-14    Installation of Cabin Systems Equipment 737-924
     SA 22    1951-15    Configuration Matters – Model 737-924ER      SA 39   

--------------------------------------------------------------------------------

TABLE OF CONTENTS

 

RESTRICTED LETTER AGREEMENTS

  

SA

Number

  6-1162-MMF-295   

Performance Guarantees – Model

737-724 Aircraft

   6-1162-MMF-296   

Performance Guarantees – Model

737-824 Aircraft

   6-1162-MMF-308R4    Disclosure of Confidential Information      SA 39   
6-1162-MMF-309R1    [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT]      SA 1    6-1162-MMF-311R7    [CONFIDENTIAL MATERIAL OMITTED AND
FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A
REQUEST FOR CONFIDENTIAL TREATMENT]      SA 57    6-1162-MMF-312R1    Special
Purchase Agreement Provisions      SA 1    6-1162-MMF-319    Special Provisions
Relating to the Rescheduled Aircraft    6-1162-MMF-378R1   

Performance Guarantees – Model

737-524 Aircraft

     SA 3    6-1162-GOC-015R1    [CONFIDENTIAL MATERIAL OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT]      SA 31    6-1162-GOC-131R11    Special Matters     
SA 57    6-1162-DMH-365   

Performance Guarantees – Model

737-924 Aircraft

     SA 5    6-1162-DMH-624    [CONFIDENTIAL MATERIAL OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT]      SA 8   

--------------------------------------------------------------------------------

6-1162-DMH-680    Delivery Delay Resolution Program      SA 9    6-1162-DMH-1020
   [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]      SA 14
   6-1162-DMH-1035    [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH
THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT]      SA 15    6-1162-DMH-1054    [CONFIDENTIAL MATERIAL OMITTED AND
FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A
REQUEST FOR CONFIDENTIAL TREATMENT]      SA 16    6-1162-CHL-048    Rescheduled
Aircraft Agreement      SA 26    6-1162-CHL-195   

Restructure Agreement for Model

737NG and 757-300 Aircraft

     SA 30    6-1162-MSA-768   

Performance Guarantees – Model

737-924ER Aircraft (Aircraft delivering prior to May 2012)

     SA 57    6-1162-SEE-0360   

Performance Guarantees – Model 737-924ER

Aircraft (Aircraft delivering May 2012 and on)

     SA 57    6-1162-SEE-133    [CONFIDENTIAL MATERIAL OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT]      SA 46    6-1162-SEE-0176R4    Record Option
Proposals      SA 48   

--------------------------------------------------------------------------------

6-1162-SEE-0187    Passenger Service Unit Resolution      SA 50   
6-1162-SEE-0225R1    Use of Aircraft – Carbon Brakes [CONFIDENTIAL MATERIAL
OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION
PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] Testing      SA 50   
6-1162-SEE-0263   

Use of Aircraft – 737NG

Performance Improvement Package Testing

     SA 50    6-1162-RCN-1888    Use of Aircraft – Boeing 747-800 and 787 Flight
Test Training      SA 53    6-1162-RCN-1890    Use of Aircraft for Testing     
SA 57    6-1162-SEE-0326    Model 737 – Koito Seat Resolution      SA 56   

--------------------------------------------------------------------------------

TABLE OF CONTENTS

 

SUPPLEMENTAL AGREEMENTS

  

DATED AS OF:

Supplemental Agreement No. 1    October 10, 1996 Supplemental Agreement No. 2   
March 5, 1997 Supplemental Agreement No. 3    July 17, 1997 Supplemental
Agreement No. 4    October 10, 1997 Supplemental Agreement No. 5    May 21, 1998
Supplemental Agreement No. 6    July 30, 1998 Supplemental Agreement No. 7   
November 12, 1998 Supplemental Agreement No. 8    December 7, 1998 Supplemental
Agreement No. 9    February 18, 1999 Supplemental Agreement No. 10    March 19,
1999 Supplemental Agreement No. 11    May 14, 1999 Supplemental Agreement No. 12
   July 2, 1999 Supplemental Agreement No. 13    October 13, 1999 Supplemental
Agreement No. 14    December 13, 1999 Supplemental Agreement No. 15    January
13, 2000 Supplemental Agreement No. 16    March 17, 2000 Supplemental Agreement
No. 17    May 16, 2000 Supplemental Agreement No. 18    September 11, 2000
Supplemental Agreement No. 19    October 31, 2000 Supplemental Agreement No. 20
   December 21, 2000 Supplemental Agreement No. 21    March 30, 2001

--------------------------------------------------------------------------------

Supplemental Agreement No. 22    May 23, 2001 Supplemental Agreement No. 23   
June 29, 2001 Supplemental Agreement No. 24    August 31, 2001 Supplemental
Agreement No. 25    December 31, 2001 Supplemental Agreement No. 26    March 29,
2002 Supplemental Agreement No. 27    November 6, 2002 Supplemental Agreement
No. 28    April 1, 2003 Supplemental Agreement No. 29    August 19, 2003
Supplemental Agreement No. 30    November 4, 2003 Supplemental Agreement No. 31
   August 20, 2004 Supplemental Agreement No. 32    December 29, 2004
Supplemental Agreement No. 33    December 29, 2004 Supplemental Agreement No. 34
   June 22, 2005 Supplemental Agreement No. 35    June 30, 2005 Supplemental
Agreement No. 36    July 21, 2005 Supplemental Agreement No. 37    March 30,
2006 Supplemental Agreement No. 38    June 6, 2006 Supplemental Agreement No. 39
   August 3, 2006 Supplemental Agreement No. 40    December 5, 2006 Supplemental
Agreement No. 41    June 1, 2007 Supplemental Agreement No. 42    June 13, 2007
Supplemental Agreement No. 43    July 18, 2007 Supplemental Agreement No. 44   
December 7, 2007

--------------------------------------------------------------------------------

Supplemental Agreement No. 45    February 20, 2008 Supplemental Agreement No. 46
   June 25, 2008 Supplemental Agreement No. 47    October 30, 2008 Supplemental
Agreement No. 48    January 29, 2009 Supplemental Agreement No. 49    May 1,
2009 Supplemental Agreement No. 50    July 23, 2009 Supplemental Agreement
No. 51    August 5, 2009 Supplemental Agreement No. 52    August 31, 2009
Supplemental Agreement No. 53    December 23, 2009 Supplemental Agreement No. 54
   March 1, 2010 Supplemental Agreement No. 55    March 31, 2010 Supplemental
Agreement No. 56    August 12, 2010 Supplemental Agreement No. 57    March 2,
2011

--------------------------------------------------------------------------------

Table 1 to Purchase Agreement 1951

Aircraft Deliveries and Descriptions

Model 737-700 Aircraft

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH

THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST

FOR CONFIDENTIAL TREATMENT]

 

  

Page T-2-2

Boeing Proprietary

   SA57

--------------------------------------------------------------------------------

Table 1 to Purchase Agreement 1951

Aircraft Deliveries and Descriptions

Model 737-900ER Aircraft

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH

THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST

FOR CONFIDENTIAL TREATMENT]

 

  

Page T-6-1

Boeing Proprietary

   SA57

--------------------------------------------------------------------------------

Table 1 to Purchase Agreement 1951

Aircraft Deliveries and Descriptions

Model 737-900ER Aircraft

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH

THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST

FOR CONFIDENTIAL TREATMENT]

 

  

Page T-6-2

Boeing Proprietary

   SA57

--------------------------------------------------------------------------------

Table 1 to Purchase Agreement 1951

Aircraft Deliveries and Descriptions

Model 737-900ER Aircraft

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH

THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST

FOR CONFIDENTIAL TREATMENT]

 

  

T-6-3

Boeing Proprietary

   SA57

--------------------------------------------------------------------------------

1951-9R21

March 2, 2011

Continental Airlines, Inc.

1600 Smith Street

Houston, Texas 77002

 

Subject:    Letter Agreement No. 1951-9R21 to Purchase Agreement No. 1951-Option
Aircraft – Model 737-724 Aircraft

Ladies and Gentlemen:

This Letter Agreement amends Purchase Agreement No. 1951 dated July 23, 1996
(the Agreement) between The Boeing Company (Boeing) and Continental Airlines,
Inc. (Buyer) relating to Model 737-724 aircraft (the Aircraft). This Letter
Agreement supersedes and replaces in its entirety Letter Agreement 1951-9R20
dated February 20, 2008.

All terms used and not defined herein shall have the same meaning as in the
Agreement.

In consideration of Buyer’s purchase of the Aircraft, Boeing hereby agrees to
manufacture and sell additional Model 737-724 Aircraft (the Option Aircraft) to
Buyer, on the same terms and conditions set forth in the Agreement, except as
otherwise described in Attachment A hereto, and subject to the terms and
conditions set forth below.

 

1. Option Delivery Dates and Option Exercise Date.

The Option Aircraft will be delivered to Buyer during or before the months set
forth in the Attachment B hereto. To exercise its option to purchase the Option
Aircraft, Buyer shall give written notice thereof to Boeing on or before the
date [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]prior to
the first business day of the applicable delivery month listed in Attachment B
(Option Exercise Date).

 

2.         Price.

The basic price of the Option Aircraft shall [CONFIDENTIAL MATERIAL OMITTED AND
FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A
REQUEST FOR CONFIDENTIAL TREATMENT]

 

3. Option Aircraft Deposit.

In consideration of Boeing’s grant to Buyer of options to purchase the Option
Aircraft as set forth herein, Buyer will pay a deposit to Boeing of
[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] for each
Option Aircraft (the Option Deposit), on the date of execution of this Letter
Agreement or any follow-on agreement which adds Option Aircraft to the
Agreement. If Buyer exercises an option herein for an Option Aircraft, the
amount of the Option Deposit for such Option Aircraft will be credited against
the first advance payment due for such Option Aircraft pursuant to the advance
payment schedule set forth in Article 5 of the Agreement.

--------------------------------------------------------------------------------

If Buyer does not exercise its option to purchase a particular Option Aircraft
pursuant to the terms and conditions set forth herein, Boeing shall be entitled
to retain the Option Deposit for such Option Aircraft.

 

4. Contract Terms.

Within thirty (30) days after Buyer exercises an option to purchase Option
Aircraft pursuant to paragraph 4 above, Boeing and Buyer will use their best
reasonable efforts to enter into a supplemental agreement amending the Agreement
to add the applicable Option Aircraft to the Agreement as a firm Aircraft (the
Option Aircraft Supplemental Agreement).

If the parties have not entered into such an Option Aircraft Supplemental
Agreement within the time period contemplated herein, either party shall have
the right, exercisable by written or telegraphic notice given to the other
within ten (10) days after such period, to cancel the purchase of such Option
Aircraft.

 

5. Cancellation of Option to Purchase.

Either Boeing or Buyer may cancel the option to purchase an Option Aircraft if
any of the following events are not accomplished by the respective dates
contemplated in this Letter Agreement, or in the Agreement, as the case may be:

(i) purchase of the Aircraft under the Agreement for any reason not attributable
to the cancelling party;

(ii) payment by Buyer of the Option Deposit with respect to such Option Aircraft
pursuant to paragraph 3 herein; or

(iii) exercise of the option to purchase such Option Aircraft pursuant to the
terms hereof.

Any cancellation of an option to purchase by Boeing which is based on the
termination of the purchase of an Aircraft under the Agreement shall be on a
one-for-one basis, for each Aircraft so terminated.

Cancellation of an option to purchase provided by this letter agreement shall be
caused by either party giving written notice to the other within ten (10) days
after the respective date in question. Upon receipt of such notice, all rights
and obligations of the parties with respect to an Option Aircraft for which the
option to purchase has been cancelled shall thereupon terminate.

If an option is cancelled as provided above, Boeing shall promptly refund to
Buyer, without interest, any payments received from Buyer with respect to the
affected Option Aircraft. Boeing shall be entitled to retain the Option Deposit
unless cancellation is attributable to Boeing’s fault, in which case the Option
Deposit shall also be returned to Buyer without interest.

 

6. Applicability.

Except as otherwise specifically provided, limited or excluded herein, all
Option Aircraft that are added to the Agreement by an Option Aircraft
Supplemental Agreement as firm Aircraft shall benefit from all the applicable
terms, conditions and provisions of the Agreement.

--------------------------------------------------------------------------------

If the foregoing accurately reflects your understanding of the matters treated
herein, please so indicate by signature below.

Very truly yours,

 

THE BOEING COMPANY By:  

/s/ Susan Englander

Its Attorney-In-Fact ACCEPTED AND AGREED TO this Date: March 2, 2011 CONTINENTAL
AIRLINES, INC., By  

/s/ Gerald Laderman

Its Senior Vice President - Finance and Treasurer Attachments

--------------------------------------------------------------------------------

Attachment A to

Letter Agreement 1951-9R21

Page 1

Model 737-724 Aircraft

 

1. Option Aircraft Description and Changes.

1.1 Aircraft Description. The Option Aircraft are described by Boeing Detail
Specification D019A001-H Revision H, dated as of November 18, 2005, as amended
and revised pursuant to the Agreement.

1.2 Changes. The Option Aircraft Detail Specification shall be revised to
include:

(1) Changes applicable to the basic Model 737-700 aircraft which are developed
by Boeing between the date of the Detail Specification and the signing of a
Supplemental Agreement for the Option Aircraft.

(2) Changes mutually agreed upon.

(3) Changes required to obtain a Standard Certificate of Airworthiness.

1.3 Effect of Changes. Changes to the Detail Specification pursuant to the
provisions of the clauses above shall include the effects of such changes upon
Option Aircraft weight, balance, design and performance.

 

2. Price Description.

 

  2.1 Price Adjustments.

2.1.1 Base Price Adjustments. The Base Airplane Price (pursuant to Article 3 of
the Agreement) of the Option Aircraft will be adjusted to Boeing’s and the
engine manufacturer’s then-current prices as of the date of execution of the
Supplemental Agreement for the Option Aircraft.

2.1.2 Special Features. The price for Special Features incorporated in the
Option Aircraft Detail Specification will be adjusted to Boeing’s then-current
prices for such features as of the date of execution of the Supplemental
Agreement for the Option Aircraft [CONFIDENTIAL MATERIAL OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT]

2.1.3 Escalation Adjustments. The Base Airframe and Special Features price will
be escalated according to the applicable airframe and engine manufacturer
escalation provisions contained in Exhibit D of the Agreement.

2.1.4 Price Adjustments for Changes. Boeing may adjust the Aircraft Basic Price
and the Advance Payment Base Prices for Option Aircraft for any changes mutually
agreed upon by Buyer and Boeing subsequent to the date that Buyer and Boeing
enter into the Supplemental Agreement for the Option Aircraft.

--------------------------------------------------------------------------------

2.1.5 BFE to SPE. An estimate of the total price for items of Buyer Furnished
Equipment (BFE) changed to Seller Purchased Equipment (SPE) pursuant to the
Detail Specification is included in the Option Aircraft price build-up. The
purchase price of the Option Aircraft will be adjusted by the price charged to
Boeing for such items plus 10% of such price.

 

3. Advance Payments.

3.1 If Buyer exercises its right under this letter agreement to acquire an
Option Aircraft, Buyer shall pay to Boeing advance payments for such Option
Aircraft pursuant to the schedule for payment of advance payments provided in
the Agreement.

--------------------------------------------------------------------------------

Attachment B to

Letter Agreement 1951-9R21

Option Aircraft Delivery, Descripton, Price and Advance Payments

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH

THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST

FOR CONFIDENTIAL TREATMENT]

 

   Boeing Proprietary   

SA57

Page 1 of 3

--------------------------------------------------------------------------------

Attachment B to

Letter Agreement 1951-9R21

Option Aircraft Delivery, Descripton, Price and Advance Payments

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH

THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST

FOR CONFIDENTIAL TREATMENT]

 

   Boeing Proprietary   

SA57

Page 2 of 3

--------------------------------------------------------------------------------

Attachment B to

Letter Agreement 1951-9R21

Option Aircraft Delivery, Descripton, Price and Advance Payments

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH

THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST

FOR CONFIDENTIAL TREATMENT]

 

   Boeing Proprietary   

SA57

Page 3 of 3

--------------------------------------------------------------------------------

6-1162-MMF-311R7

March 2, 2011

Continental Airlines, Inc.

1600 Smith Street

Houston, TX 77002

 

Subject:   

Letter Agreement No. 6-1162-MMF-311R7 to Purchase Agreement No. 1951

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

Ladies and Gentlemen:

This Letter Agreement amends Purchase Agreement No. 1951 dated July 23, 1996(the
Agreement) between The Boeing Company (Boeing) and Continental Airlines, Inc.
(Buyer) relating to Model 737 aircraft (the Aircraft). This Letter Agreement
supersedes and replaces in its entirety Letter Agreement 6-1162-MMF-311R6 dated
June 25, 2008.

All terms used herein and in the Agreement, and not defined herein, will have
the same meaning as in the Agreement.

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 

5. Confidential Treatment.

Boeing and Buyer agree that certain commercial and financial information
contained in this Letter Agreement is confidential and subject to the
confidentiality provisions of Letter Agreement 6-1162-MMF-308R6, “Disclosure of
Confidential Information.”

If this Letter Agreement correctly states your understanding of the matters
treated herein, please so indicate by signature below.

 

PA No. 1951

      SA 57

--------------------------------------------------------------------------------

Very truly yours,

 

THE BOEING COMPANY By  

/s/ Susan Englander

Its Attorney-In-Fact ACCEPTED AND AGREED TO this

Date: March 2, 2011

 

CONTINENTAL AIRLINES, INC. By  

/s/ Gerald Laderman

Its Senior Vice President - Finance

--------------------------------------------------------------------------------

Attachment A to

Letter Agreement 6-1162-MMF-311R7

Date: March 2, 2011

Continental Airlines, Inc.

1600 Smith Street

Houston, TX 77002

 

Attention:    Technical Department Reference:   

Letter Agreement 6-1162-MMF-311R6 to

Boeing/CAL Purchase Agreement 1951

Transmitted by Facsimile:     TBD

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

Very truly yours,

THE BOEING COMPANY

 

By:      

/s/ Susan Englander

Its:    Attorney-In-Fact

 

PA No. 1951

      SA 57

--------------------------------------------------------------------------------

Attachment B to

Letter Agreement 6-1162-MMF-311R7

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH

THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST

FOR CONFIDENTIAL TREATMENT]

 

PA No. 1951

      SA 57

--------------------------------------------------------------------------------

March 2, 2011

6-1162-GOC-131R11

Continental Airlines, Inc.

1600 Smith Street

Houston, Texas 77002

 

Subject:

   Letter Agreement No. 6-1162-GOC-131R11 to Purchase    Agreement No. 1951 -
Special Matters

Ladies and Gentlemen:

This Letter Agreement amends Purchase Agreement No. 1951 dated as of July 23,
1996 (the Agreement) between The Boeing Company (Boeing) and Continental
Airlines, Inc. (Buyer) relating to Model 737 aircraft (the Aircraft). This
Letter Agreement supersedes and replaces in its entirety Letter Agreement
6-1162-GOC-131R10 dated June 25, 2008.

All terms used herein and in the Agreement, and not defined herein, will have
the same meaning as in the Agreement.

 

1. [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 

2. [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]Advance
Payment Schedule.

2.1 Firm Aircraft. [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT]

2.2 Option Aircraft and follow-on Firm. [CONFIDENTIAL MATERIAL OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT]

 

P.A. No. 1951

   Boeing Proprietary    SA57

--------------------------------------------------------------------------------

3. [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 

4. Option Aircraft.

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 

5. [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 

6. Assignment of Credits.

Buyer may not assign the credit memoranda described in this Letter Agreement
without Boeing’s prior written consent [CONFIDENTIAL MATERIAL OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT]

 

7. Confidential Treatment.

Boeing and Buyer understand that certain information contained in this Letter
Agreement, including any attachments hereto, are considered by both parties to
be confidential. Notwithstanding the provisions of Letter Agreement
6-1162-MMF-308R4, Boeing and Buyer agree that each party will treat this Letter
Agreement and the information contained herein as confidential and will not,
without the other party’s prior written consent, disclose this Letter Agreement
or any information contained herein to any other person or entity except as may
be required by applicable law or governmental regulations.

 

P.A. No. 1951

      SA57

--------------------------------------------------------------------------------

Very truly yours,

 

THE BOEING COMPANY By   /s/ Susan Englander Its Attorney-In-Fact

ACCEPTED AND AGREED TO this

Date: March 2, 2011

 

CONTINENTAL AIRLINES, INC. By   /s/ Gerald Laderman Its Senior Vice President –
Finance and Treasurer

 

P.A. No. 1951

      SA57

--------------------------------------------------------------------------------

6-1162-MSA-768R1

March 2, 2011

CONTINENTAL AIRLINES, INC.

1600 Smith Street

Houston, Texas 77002

 

Subject:    Letter Agreement No. 6-1162-MSA-768R1 to    Purchase Agreement
No. 1951 –    [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH    THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A    REQUEST FOR CONFIDENTIAL
TREATMENT] Model 737-924ER Aircraft    (delivering prior to May 2012)

Ladies and Gentlemen:

This Letter Agreement amends Purchase Agreement No. 1951 dated as July 23, 1996
(the Agreement) between THE BOEING COMPANY (Boeing) and CONTINENTAL AIRLINES,
INC. (Buyer) relating to Model 737-924ER aircraft (the Aircraft). This Letter
Agreement supersedes and replaces in its entirety Letter Agreement
6-1162-MSA-768 dated August 3, 2006.

All terms used herein and in the Agreement, and not defined herein, will have
the same meaning as in the Agreement.

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

3. Confidential Treatment. Buyer understands that certain commercial and
financial information contained in this Letter Agreement including any
attachments hereto is considered by Boeing as confidential. Buyer agrees that it
will treat this Letter Agreement and the information contained herein as
confidential and will not, without the prior written consent of Boeing, disclose
this Letter Agreement or any information contained herein to any other person or
entity except as provided in Letter Agreement 6-1162-MMF-308R4.

 

P.A. No. 1951

      SA 57

--------------------------------------------------------------------------------

Very truly yours,

THE BOEING COMPANY

 

By  

/s/ Susan Englander

Its Attorney-In-Fact

ACCEPTED AND AGREED TO this

Date: March 2, 2011

CONTINENTAL AIRLINES, INC.

 

By  

/s/ Gerald Laderman

Its Senior Vice President – Finance and Treasurer

Attachment

 

P.A. No. 1951

      SA 57

--------------------------------------------------------------------------------

Attachment to 6-1162-RCN-1890

Update No. 4

 

Aircraft

No.

  

EWA No. *

  

Estimated Flight Test Hrs.

  

Scheduled
Delivery Month

  

Revised
Delivery
Month

  

Wheels, tires,
brakes
replaced?

  

Engines
Borescoped?

  

Test Program $ Value

  

Test Program $
Balance

3138/YJ571   

Y3333-003

Y3232-008

Y3290-001

Y3242-021

Y3013-053

Y2227-004

Y3243-048

   No greater than [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT]    Jan-2010    Aug-2010    No    Yes    [CONFIDENTIAL MATERIAL
OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION
PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]    [CONFIDENTIAL MATERIAL
OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION
PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] 3138/YJ571   

Y3243-046

Y3243-045

   No greater than [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT]    Jan-2010    Aug-2010    No    Yes    [CONFIDENTIAL MATERIAL
OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION
PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]    [CONFIDENTIAL MATERIAL
OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION
PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] 3138/YJ571   

Y3243-050

Y3243-022

Y3230-024

   No greater than [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT]    Jan-2010    Aug-2010    No    Yes    [CONFIDENTIAL MATERIAL
OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION
PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]    [CONFIDENTIAL MATERIAL
OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION
PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] 3464/YR201    Y3243-051    No
greater than [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT]    Aug-2011    Aug-2011    No    N/A test engines will be installed
on this aircraft    [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT]    [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT] 3393/YH131    Y3243-050    No greater than [CONFIDENTIAL MATERIAL
OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION
PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]    Jun-2010    Dec-2010    No
   No    [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES
AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]   
[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

--------------------------------------------------------------------------------

3393/YH131    Y3230-025    No greater than [CONFIDENTIAL MATERIAL OMITTED AND
FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A
REQUEST FOR CONFIDENTIAL TREATMENT]    Jun-2010    Dec-2010    No    No   
[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]   
[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 

* EWA is the Boeing Engineering Work Authorization form number. Such form
contains the test description and will be provided to Customer concurrent with
this attachment.

 

Approved by: CONTINENTAL AIRLINES, INC. By  

/s/ Gerald Laderman

Its   Senior vice President-Finance

--------------------------------------------------------------------------------

6-1162-SEE-0361

March 2, 2011

CONTINENTAL AIRLINES, INC.

1600 Smith Street

Houston, Texas 77002

 

Subject:   Letter Agreement No. 6-1162-SEE-0361 to   Purchase Agreement No. 1951
–   [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH   THE SECURITIES
AND EXCHANGE COMMISSION PURSUANT TO   REQUEST FOR CONFIDENTIAL TREATMENT]- Model
737-924ER

Aircraft (Aircraft delivering May 2012 and on)

Ladies and Gentlemen:

This Letter Agreement amends Purchase Agreement No. 1951 dated as July 23, 1996
(the Agreement) between THE BOEING COMPANY (Boeing) and CONTINENTAL AIRLINES,
INC. (Buyer) relating to Model 737-924ER aircraft (the Aircraft) delivering in
May 2012 or later.

All terms used herein and in the Agreement, and not defined herein, will have
the same meaning as in the Agreement.

The attached performance guarantees reflect current configuration and changes to
the Aircraft resulting from 2011 performance improvements.

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

3. Confidential Treatment. Buyer understands that certain commercial and
financial information contained in this Letter Agreement including any
attachments hereto is considered by Boeing as confidential. Buyer agrees that it
will treat this Letter Agreement and the information contained herein as
confidential and will not, without the prior written consent of Boeing, disclose
this Letter Agreement or any information contained herein to any other person or
entity except as provided in Letter Agreement 6-1162-MMF-308R4.

 

P.A. No. 1951

      SA57

--------------------------------------------------------------------------------

Very truly yours,

 

THE BOEING COMPANY By  

/s/ Susan Englander

Its Attorney-In-Fact

ACCEPTED AND AGREED TO this Date: March 2, 2011

CONTINENTAL AIRLINES, INC.

By  

/s/ Gerald Laderman

Its Senior Vice President – Finance and Treasurer Attachment

 

P.A. No. 1951

      SA 57

--------------------------------------------------------------------------------

Attachment to Letter Agreement

No. 6-1162-SEE-0360

[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 

P.A. No. 1951    BOEING PROPRIETARY    SA 57