Exhibit 10.6

CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION IN ACCORDANCE WITH THE
SECURITIES ACT OF 1933, AS AMENDED, AND RULE 24B-2 PROMULGATED THEREUNDER.
OMITTED INFORMATION HAS BEEN REPLACED WITH ASTERISKS.

Supplemental Agreement No. 11

to

Purchase Agreement Number 03784

Between

The Boeing Company

and

United Airlines, Inc.

Relating to Boeing Model 737 Aircraft

THIS SUPPLEMENTAL AGREEMENT is entered into as of March 7, 2016 by and between
THE BOEING COMPANY (Boeing) and UNITED AIRLINES, INC. (Customer);

WHEREAS, the parties hereto entered into Purchase Agreement Number 03784 dated
July 12, 2012 (Purchase Agreement), as amended and supplemented, relating to the
purchase and sale of Boeing Model 737 aircraft (Aircraft); and

WHEREAS, Boeing and Customer agree (i) ***, and (ii) ***737-***; and

WHEREAS, further the definition of “2016 737NG Aircraft”, which originally
applied to ***737-***, shall be deemed to *** described above, for a *** “2016
737-***Aircraft”.

WHEREAS, Boeing and Customer agree to *** 737-*** aircraft (737-*** Aircraft) to
the Purchase Agreement; and

WHEREAS, Boeing and Customer agree to *** 737-*** aircraft (737-*** Aircraft) to
the Purchase Agreement; and

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

 

  1. Table of Contents, Tables and Letter Agreements:

1.1 The “Table of Contents” is deleted in its entirety and replaced with the
attached “Table of Contents” (identified by “SA-11”).

 

   SA-11    Page 1

UAL-PA-03784

   BOEING / UNITED AIRLINES PROPRIETARY   

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

Supplemental Agreement No. 11 to

Purchase Agreement PA-03784

1.2 “Table 1B” is deleted in its entirety and replaced with the attached “Table
1B” (identified by “SA-11”).

1.3 Attachment A1 to BFE 2 entitled “Buyer Furnished Equipment Variables—2016
737-*** Aircraft” (identified by “SA-11”) is added to the Purchase Agreement.

1.4 Letter Agreement UAL-PA-03784-LA-1207879R3 entitled “2016 737NG ***
Aircraft” is deleted in its entirety and replaced by Letter Agreement
UAL-PA-03784-LA-1207879R4 entitled “737-*** Aircraft” (identified by “SA-11”).

1.5 Letter Agreement UAL-PA-03784-LA-1600586 entitled “*** Aircraft” (identified
by “SA-11”) is added to the Purchase Agreement.

1.6 Letter Agreement UAL-PA-03784-LA-1600829 entitled “*** for 2016 737-***
Aircraft” (identified by “SA-11”) is added to the Purchase Agreement.

1.7

 

  2. Revisions to the Purchase Agreement:

2.1 Prior to Supplemental Agreement No. 11, the term “2016 737NG Aircraft”
applied to *** 737-*** to the Purchase Agreement by Supplemental Agreement
No. 9. Commencing with Supplemental Agreement No. 11, the term “2016 737NG
Aircraft” shall be deemed to *** by this Supplemental Agreement No. 11 and shall
now be defined collectively as “2016 737-700 Aircraft”. Additionally, the
following references to “2016 737NG Aircraft” in the Purchase Agreement and the
associated exhibits, supplemental exhibits, and letter agreements are replaced
with the term “2016 737-*** Aircraft” to the Purchase Agreement and such term
shall be *** 737-*** aircraft, as further described in Figure 1.

Figure 1

 

Document

  

Original Reference

  

Replacement Reference

Supplemental Exhibit A-1 – Aircraft Configuration

   “2016 737NG Aircraft”    “2016 737-*** Aircraft”

Supplemental Exhibit BFE 2 – Buyer Furnished Equipment

   “2016 737NG Aircraft”    “2016 737-*** Aircraft”

Attachment AR1 to Letter Agreement UAL-PA-03784-LA-1207881 – Seller Purchased
Equipment

   “2016 737NG Aircraft”    “2016 737-*** Aircraft”

UAL-PA-03784-LA-1208155R2 – *** Matters 737-*** and 2016 737NG Aircraft

   “2016 737NG Aircraft”    “2016 737-*** Aircraft”

UAL-PA-03784-LA-1504843 – Open Matters – 2016 737NG Aircraft

   “2016 737NG Aircraft”    “2016 737-***Aircraft”

UAL-PA-03784-LA-1504844 – Special Matters – 2016 737NG Aircraft

   “2016 737NG Aircraft”    “2016 737-*** Aircraft”

 

   SA-11    Page 2

UAL-PA-03784

   BOEING / UNITED AIRLINES PROPRIETARY   

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

Supplemental Agreement No. 11 to

Purchase Agreement PA-03784

2.2 The following references to “2016 737NG *** Aircraft” in the Purchase
Agreement and the associated exhibits, supplemental exhibits, and letter
agreements to the Purchase Agreement are now deemed “737-*** Aircraft” as
further described in Figure 2.

Figure 2

 

Document

  

Original Reference

  

Replacement Reference

UAL-PA-03784-LA-1208155R2

*** Matters 737-*** and 2016 737NG Aircraft

   “2016 737NG *** Aircraft”    “737-*** Aircraft”

UAL-PA-03784-LA-1208156R1

*** for the 737NG Aircraft

   “2016 737NG *** Aircraft”    “737-*** Aircraft”

2.3 If Boeing or Customer determines that references described in Figure 1 and
Figure 2 of this Supplemental Agreement No. 11 should be further amended, then
Boeing and Customer will work together for a mutually agreeable solution.

3.    Miscellaneous: Boeing and Customer agree to *** by Boeing as *** 2016
737NG *** to Customer’s *** under this Supplemental Agreement No. 11. Such ***
will be due for *** by Customer to Boeing no later *** after execution of this
Supplemental Agreement No. 11.

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

*****The remainder of this page is intentionally left blank*****

 

   SA-11    Page 3

UAL-PA-03784

   BOEING / UNITED AIRLINES PROPRIETARY   

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

Supplemental Agreement No. 11 to

Purchase Agreement PA-03784

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

 

THE BOEING COMPANY      UNITED AIRLINES, INC.

/s/ Irma L Krueger

    

/s/ Gerald Laderman

Signature      Signature

Irma L Krueger

    

Gerald Laderman

Printed Name      Printed Name

Attorney-in-Fact

    

Senior Vice President – Finance and

acting Chief Financial Officer

Title      Title

 

   SA-11    Page 4

UAL-PA-03784

   BOEING / UNITED AIRLINES PROPRIETARY   

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

TABLE OF CONTENTS

 

    

SA

NUMBER

ARTICLES

      Article 1.    Quantity, Model and Description    Article 2.    Delivery
Schedule    Article 3.    Price    Article 4.    Payment    Article 5.   
Additional Terms   

TABLE

      1A.    Aircraft Information Table – 737-***    SA-8 1B    Aircraft
Information Table - 2016 737-*** Aircraft    SA-11 1C.    Aircraft Information
Table –Firm 737-*** Aircraft    SA-10

EXHIBITS

      A.    Aircraft Configuration - 737-***    A1.    Aircraft Configuration –
2016 737-*** Aircraft    SA-9 A2.    Aircraft Configuration – Firm 737-***
Aircraft    SA-10 B.    Aircraft Delivery Requirements and Responsibilities   

SUPPLEMENTAL EXHIBITS

      AE1.    Escalation Adjustment/Airframe and Optional Features    SA-9 BFE1.
   BFE Variables for 737-*** Aircraft    SA-1 BFE2.    BFE Variables for 2016
737-*** Aircraft Incorporated by SA-9    SA-9    Attachment A1: BFE Variables
for *** 2016 737-*** Aircraft Incorporated by SA-11    SA-11 BFE3.    BFE
Variables for Firm 737-*** Aircraft    SA-10 CS1.    Customer Support Variables
   EE1.    Engine Escalation, Engine Warranty ***    SLP1.    Service Life
Policy Components   

 

P.A. 03874

  TABLE OF CONTENTS, Page 1 of 3   SA-11 BOEING / UNITED AIRLINES PROPRIETARY

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

TABLE OF CONTENTS, CONTINUED

 

    

SA

NUMBER

LETTER AGREEMENTS       UAL-PA-03784-LA-1207868    Performance Guarantees   
UAL-PA-03784-LA-1207870    Spare Parts Initial Provisioning   
UAL-PA-03784-LA-1207871    Special Matters    UAL-PA-03784-LA-1207878   
Demonstration Flight Waiver    UAL-PA-03784-LA-1207879R2    *** Aircraft ***   
SA-9 UAL-PA-03784-LA-1207879R4    737-*** Aircraft    SA-11
UAL-PA-03784-LA-1207881    Seller Purchased Equipment 737-***       Attachment
AR1 to Letter Agreement UAL-PA-03784-LA-1207881    SA-9
UAL-PA-03784-LA-1208155R2    *** Matters 737-*** and 2016 737-*** Aircraft   
SA-9 UAL-PA-03784-LA-1208156R1    *** for the 737NG Aircraft    SA-9   
Attachment A: ***    SA-9    Attachment B1: ***    SA-9    Attachment B2: ***   
SA-9 UAL-PA-03784-LA-1208172    ***    UAL-PA-03784-LA-1208173    ***    SA-1
UAL-PA-03784-LA-1208169    737 Production Adjustments    UAL-PA-03784-LA-1208938
   Privileged and Confidential Matters    UAL-PA-03784-LA-1208939    Aircraft
Model ***    UAL-PA-03784-LA-1209115    ***    UAL-PA-03784-LA-1300306   
Aircraft Reschedule – January 2014 to February 2014    SA-2
UAL-PA-03784-LA-1400240    Aircraft Rescheduling of ***    SA-5
UAL-PA-03784-LA-1504843    Open Matters – 2016 737-*** Aircraft    SA-9
UAL-PA-03784-LA-1504844    Special Matters – 2016 737-*** Aircraft    SA-9
UAL-PA-03784-LA-1600041    Special Matters – Firm 737-*** Aircraft    SA-10
UAL-PA-03784-LA-1600586    737-*** Aircraft    SA-11 UAL-PA-03784-LA-1600829   
*** for 2016 737-*** Aircraft    SA-11

 

P.A. 03874

  TABLE OF CONTENTS, Page 2 of 3   SA-11 BOEING / UNITED AIRLINES PROPRIETARY

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

TABLE OF CONTENTS

 

SUPPLEMENTAL AGREEMENTS

   DATED AS OF   Supplemental Agreement No. 1      September 27, 2012  
Supplemental Agreement No. 2      March 1, 2013    Supplemental Agreement No. 3
     June 27, 2013    Supplemental Agreement No. 4      September 11, 2013   
Supplemental Agreement No. 5      March 3, 2014    Supplemental Agreement No. 6
     June 6, 2014    Supplemental Agreement No. 7      May 26, 2015   
Supplemental Agreement No. 8      June 12, 2015    Supplemental Agreement No. 9
     January 20, 2016    Supplemental Agreement No. 10      February 8, 2016   
Supplemental Agreement No. 11      March 7, 2016   

 

P.A. 03874

  TABLE OF CONTENTS, Page 3 of 3   SA-11 BOEING / UNITED AIRLINES PROPRIETARY

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

Table 1B to Purchase Agreement No. PA-03784

2016 737-*** Aircraft Delivery, Description, Price and ***

 

Airframe Model/MTOW:

   737-***    *** pounds    #      Detail Specification:       ***    Engine
Model/Thrust:    CFM56-7B***    *** pounds       Airframe Price Base
Year/Escalation Formula:    ***       *** Airframe Price:       $***      
Engine Price Base Year/Escalation Formula:    ***       *** Optional Features
Estimate:       $***                     

 

               Sub-Total of Airframe and Features:       $***       Airframe
Escalation Data:          Engine Price (Per Aircraft):       $***       Base
Year Index (ECI):    ***            

 

               Aircraft Basic Price (Excluding BFE/SPE):       $***       Base
Year Index (CPI):    ***            

 

               Buyer Furnished Equipment (BFE) Estimate:       $***            
   Seller Purchased Equipment (SPE) Estimate:       $***                Deposit
per Aircraft:       See notes 1 & 2               

 

                   Escalation    Deposit per         Escalation Estimate    ***
Per Aircraft (Amts. Due/
*** Prior to Delivery):     # of    Delivery    Number of    Factor    Aircraft:
        *** Base    ***    ***    ***    ***    

Aircraft

   Date    Aircraft    (Airframe)    Notes 1, 2                       
Price Per A/P    ***    ***    ***    ***   ***    ***    ***    ***    ***   
   $***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***

 

UAL-PA-03784 85015-1F.TXT    Boeing Proprietary    Table 1B Page 1, SA-11

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

Table 1B to Purchase Agreement No. PA-03784

2016 737-*** Aircraft Delivery, Description, Price and ***

 

                   Escalation    Deposit per         Escalation Estimate    ***
Per Aircraft (Amts. Due/
*** Prior to Delivery):     # of    Delivery    Number of    Factor    Aircraft:
        *** Base    ***    ***    ***    ***    

Aircraft

   Date    Aircraft    (Airframe)    Notes 1, 2                       
Price Per A/P    ***    ***    ***    ***   ***    ***    ***    ***    ***   
   $***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***

 

UAL-PA-03784 85015-1F.TXT    Boeing Proprietary    Table 1B Page 2, SA-11

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

Table 1B to Purchase Agreement No. PA-03784

2016 737-*** Aircraft Delivery, Description, Price and ***

 

                   Escalation    Deposit per         Escalation Estimate    ***
Per Aircraft (Amts. Due/
*** Prior to Delivery):     # of    Delivery    Number of    Factor    Aircraft:
        *** Base    ***    ***    ***    ***    

Aircraft

   Date    Aircraft    (Airframe)    Notes 1, 2                       
Price Per A/P    ***    ***    ***    ***   ***    ***    ***    ***    ***   
   $***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***   ***    ***    ***    ***    ***      
$***    $***    $***    $***    $***      Total:    ***                        

Notes:

1) *** in the Amount of *** is calculated as follows: ***

2) *** amount of *** is calculated as follows: ***

# *** pounds. Aircraft are eligible for the provisions of Letter Agreement
6-1162-MMF-311R8 entitled “Provisions Relating to Buyer’s *** for Model 737
Aircraft”

 

UAL-PA-03784 85015-1F.TXT    Boeing Proprietary    Table 1B Page 3, SA-11

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

ATTACHMENT A1 TO BUYER FURNISHED EQUIPMENT VARIABLES

relating to

BFE Variables for the

(25) 2016 737-*** Aircraft Incorporated by SA-11

This Attachment A1 to Supplemental Exhibit BFE2 sets forth preliminary BFE
on-dock dates for *** 737-*** Aircraft incorporated into the Purchase Agreement
by “SA-11”.

 

UAL-PA-03784 BFE 2

  SA-11   Attachment A1 to BFE2, Page 1 BOEING / UNITED AIRLINES PROPRIETARY

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

***

   ***    ***    ***    ***    ***    ***    ***    ***    ***    ***    ***

***

   ***    ***    ***    ***    ***    ***    ***    ***    ***    ***    ***

***

   ***    ***    ***    ***    ***    ***    ***    ***    ***    ***    ***

***

   ***    ***    ***    ***    ***    ***    ***    ***    ***    ***    ***

***

   ***    ***    ***    ***    ***    ***    ***    ***    ***    ***    ***

***

   ***    ***    ***    ***    ***    ***    ***    ***    ***    ***    ***

***

   ***    ***    ***    ***    ***    ***    ***    ***    ***    ***    ***

***

   ***    ***    ***    ***    ***    ***    ***    ***    ***    ***    ***

***

   ***    ***    ***    ***    ***    ***    ***    ***    ***    ***    ***

***

   ***    ***    ***    ***    ***    ***    ***    ***    ***    ***    ***

***

   ***    ***    ***    ***    ***    ***    ***    ***    ***    ***    ***

***

   ***    ***    ***    ***    ***    ***    ***    ***    ***    ***    ***

***

   ***    ***    ***    ***    ***    ***    ***    ***    ***    ***    ***

***

   ***    ***    ***    ***    ***    ***    ***    ***    ***    ***    ***

***

   ***    ***    ***    ***    ***    ***    ***    ***    ***    ***    ***

***

   ***    ***    ***    ***    ***    ***    ***    ***    ***    ***    ***

***

   ***    ***    ***    ***    ***    ***    ***    ***    ***    ***    ***

***

   ***                              

 

UAL-PA-03784-BFE2

  SA-11    Attachment A1 to BFE2, Page 2

BOEING / UNITED AIRLINES PROPRIETARY

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

LOGO [g116267ex102pg27.jpg]

 

  

The Boeing Company

P.O. Box 3707

Seattle, WA 98124-2207

 

 

UAL-PA-03784-LA-1207879R4

United Airlines, Inc.

233 South Wacker Drive

Chicago, IL 60606

 

Subject:

   737-*** Aircraft

Reference:

   Purchase Agreement No. 03784 (Purchase Agreement) between The Boeing Company
(Boeing) and United Airlines, Inc. (Customer) relating to 737NG Aircraft

This letter agreement (Letter Agreement) amends and supplements the Purchase
Agreement. All terms used but not defined in this Letter Agreement shall have
the same meaning as in the Purchase Agreement. This Letter Agreement supersedes
and replaces in its entirety Letter Agreement UAL-PA-03784-LA-1207879R3 dated
January 20, 2016.

 

1. Right to Purchase *** Aircraft.

Subject to the terms and conditions contained in this Letter Agreement, in
addition to the Aircraft described in Table 1B to the Purchase Agreement as of
the date of execution of this Letter Agreement, Customer will have the ***
Model 737-*** aircraft (737-*** Aircraft).

 

2. Delivery.

The number of 737-*** Aircraft and delivery months for such aircraft are listed
in the Attachment A to this Letter Agreement.

 

3. Configuration.

3.1 Subject to the provisions of Article 3.2, below, the configuration for the
737-*** Aircraft will be the Detail Specification for model 737-*** aircraft at
the revision level in effect at the time of Definitive Agreement (as defined
below). Such Detail Specification will be revised to include (i) changes
applicable to the Detail Specification that are developed by Boeing between the
*** Date (as defined below) and the signing of the Definitive Agreement,
(ii) changes required to obtain required regulatory certificates, and
(iii) other changes as mutually agreed.

3.2 Subject to mutual agreement the 737-*** Aircraft may start from a different
configuration specification, provided that it can achieve the same configuration
which would result pursuant to the provisions of Article 3.1.

 

 

P.A. No. 03784

UAL-PA-03784-LA-1207879R4 - 737-*** Aircraft

 

SA-11

Page 1

BOEING / UNITED AIRLINES PROPRIETARY

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

LOGO [g116267ex102pg28.jpg]

 

4. Price.

4.1 The Airframe Price and Optional Features Prices for each of the 737-***
Aircraft are identified in Attachment A to this Letter Agreement. The Airframe
Price and Optional Features Prices that will be identified in the Definitive
Agreement for the 737-*** Aircraft will equal the ***, and (ii) for any changes
incorporated between the date of execution of the Purchase Agreement for the
2016 737-*** Aircraft and the date of execution of the Definitive Agreement for
the 737-*** Aircraft, the *** Features Prices associated with such changes,
which will be those first published by Boeing (but no earlier than ***). For the
avoidance of doubt, *** Features Prices that are not published by Boeing as of
the date of execution of the Purchase Agreement for the 2016 737-*** Aircraft
will be adjusted to the same base year as the Optional Features Prices for the
2016 737-*** Aircraft in accordance with Supplemental Exhibit AE1. The resulting
Airframe Price and *** Features Prices for the 737-*** Aircraft will escalate in
accordance with Supplemental Exhibit AE1. Boeing represents that the price
protections provided in this Article 4.1 are consistent with the terms of Letter
Agreement 6-1162-KKT-080, as amended.

4.2 The Airframe Price, *** Features Prices, and Aircraft Basic Price for each
of the 737-*** Aircraft shall be adjusted in accordance with the terms set forth
in Article 2.1.5 (Escalation Adjustment) of the AGTA.

4.3 The Advance Payment Base Price shall be developed in accordance with the
terms of the Purchase Agreement and determined at the time of Definitive
Agreement.

 

5. Payment.

5.1 Customer will *** as shown in Attachment A for each 737-*** Aircraft
(737-*** Deposit) on the date of execution of this Letter Agreement. When
Customer ***, the 737-*** Deposit will be credited against the first advance
payment due on such 737-*** Aircraft.

5.2 At Definitive Agreement for the 737-*** Aircraft, *** will be payable as
specified in the Purchase Agreement. The *** of the Aircraft Price for the
737-*** Aircraft will be paid at the time of ***.

5.3 If Boeing decides not to build the 737-***, then the 737-***.

5.4 If Boeing decides to build the 737-***, then

5.4.1 If Customer *** the 737-***, the 737-***.

5.4.2 If Customer does not *** the 737-***, the 737-*** will be retained by
Boeing.

 

P.A. No. 03784

UAL-PA-03784-LA-1207879R4 - 737-*** Aircraft

 

SA-11

Page 2

BOEING / UNITED AIRLINES PROPRIETARY

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

LOGO [g116267ex102pg28.jpg]

 

6. ***.

6.1 Once Boeing notifies Customer that Boeing intends to build the 737-7X,
Customer will have *** from the date of such written notice to *** Date).

6.2 After receipt of Customer’s *** notice, Boeing may make a *** request that
the delivery date for such *** Aircraft ***. Customer will consider and, at
Customer’s sole discretion, accommodate Boeing’s request if commercially
reasonable. Boeing may make additional requests to adjust the *** Aircraft
delivery date, which Customer will consider at Customer’s sole discretion.

6.3 If the Customer *** a 737-*** Aircraft, then such aircraft shall be a 2016
737-*** Aircraft and the terms and conditions of Letter Agreement
UAL-PA-03784-LA-1504844 entitled “Special Matters – 2016 737-*** Aircraft” shall
apply to each resulting 2016 737-*** Aircraft.

 

7. Definitive Agreement.

Customer’s *** pursuant to Article 6 above will be a fully effective and binding
agreement for the purchase of the *** 737-*** Aircraft. All terms related to
Customer’s Aircraft will apply immediately to such *** 737-*** Aircraft.
Following *** of a 737-*** Aircraft, Boeing will prepare an invoice for the
applicable *** due, and Boeing and Customer will add the *** 737-*** Aircraft to
the Purchase Agreement as a firm 2016 737-*** Aircraft by entering into a
supplemental agreement to the Purchase Agreement (Definitive Agreement) no later
than *** following Customer’s ***, or such other date as the parties may
mutually agree. The execution of the Definitive Agreement is to facilitate
contract administration and is not a condition to the effectiveness of
Customer’s agreement to *** 737-*** Aircraft.

 

8. Assignment.

Notwithstanding any other provisions of the Purchase Agreement, the rights and
obligations described in this Letter Agreement are provided to Customer in
consideration of Customer’s becoming the operator of the 2016 737-*** Aircraft
and cannot be assigned in whole or in part.

 

9. Confidential Treatment.

Customer and Boeing understand that certain commercial and financial information
contained in this Letter Agreement are considered by Boeing and Customer as
confidential and are subject to the terms and conditions set forth in Letter
Agreement No. UAL-PA-03784-LA-1208938.

 

P.A. No. 03784

UAL-PA-03784-LA-1207879R4 - 737-*** Aircraft

 

SA-11

Page 3

BOEING / UNITED AIRLINES PROPRIETARY

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

LOGO [g116267ex102pg28.jpg]

 

Very truly yours,

 

THE BOEING COMPANY

By:

 

/s/ Irma L. Krueger

Its

  Attorney-in-Fact

 

P.A. No. 03784

UAL-PA-03784-LA-1207879R4 - 737-*** Aircraft

 

SA-11

Page 4

BOEING / UNITED AIRLINES PROPRIETARY

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

LOGO [g116267ex102pg28.jpg]

 

ACCEPTED AND AGREED TO this

Date:

  March 7, 2016

UNITED AIRLINES, INC.

By:

 

/s/ Gerald Laderman

Its:

  Senior Vice President – Finance and acting Chief Financial Officer

 

P.A. No. 03784

UAL-PA-03784-LA-1207879R4 - 737-*** Aircraft

 

SA-11

Page 5

BOEING / UNITED AIRLINES PROPRIETARY

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

Attachment A to Letter Agreement No. LA-1207879

737-*** Aircraft Delivery, Description, Price and ***

 

Airframe Model/MTOW:

   737-***    ***pounds #      

Detail Specification:

      ***   

Engine Model/Thrust:

   CFM56-7B***    *** pounds       Airframe Price Base Year/Escalation Formula:
   ***       ***

Airframe Price:

      $***       Engine Price Base Year/Escalation Formula:    ***       ***

Optional Features Estimate:

      $***                     

 

              

Sub-Total of Airframe and Features:

   $***      

Airframe Escalation Data:

        

Engine Price (Per Aircraft):

      $***      

Base Year Index (ECI):

   ***            

 

              

Aircraft Basic Price (Excluding BFE/SPE):

   $***      

Base Year Index (CPI):

   ***            

 

              

Buyer Furnished Equipment (BFE) Estimate:

   $***               

Seller Purchased Equipment (SPE) Estimate:

   $***                Deposit per Aircraft: / Non-Refundable Deposit per
Aircraft:    $***               

 

# of

Aircraft

             Escalation              Escalation Estimate    *** Per Aircraft
(Amts. Due/*** Prior to Delivery):    Delivery    Number of    Factor          
   *** Base    ***    ***    ***    ***   

Date

   Aircraft    (Airframe)   

 

  

 

   Price Per A/P    ***    ***    ***    ***

***

   ***    ***    ***          $***    $***    $***    $***    $***    Total:   
***                        

 

# *** pounds. Aircraft are eligible for the provisions of Letter Agreement
6-1162-MMF-311R8 entitled “Provisions Relating to Buyer’s *** for Model 737
Aircraft”

 

 

UAL-PA-03784 85015-1F.TXT

   

SA-11

Page 1

BOEING / UNITED AIRLINES PROPRIETARY

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

LOGO [g116267ex102pg27.jpg]

 

  

The Boeing Company

P.O. Box 3707

Seattle, WA 98124-2207

 

UAL-PA-03784-LA-1600586

United Air Lines, Inc.

233 South Wacker Drive

Chicago, Illinois 60606

 

Subject:    737-*** Aircraft Reference:    Purchase Agreement No. 03784
(Purchase Agreement) between The Boeing Company (Boeing) and United Air Lines,
Inc. (Customer) relating to Model 737-*** aircraft (Aircraft)

This letter agreement (Letter Agreement) amends and supplements the Purchase
Agreement. All terms used but not defined in this Letter Agreement shall have
the same meaning as in the Purchase Agreement.

 

1. *** 737-*** Aircraft.

Subject to the terms and conditions contained in this Letter Agreement, in
addition to the Aircraft described in Table 1A to the Purchase Agreement as of
the date of execution of this Letter Agreement, Customer will *** Model 737-***
aircraft (737-*** Aircraft).

 

2. Delivery.

The number of aircraft and delivery months are listed in the Attachment A to
this Letter Agreement.

 

3. Configuration.

3.1 Subject to the provisions of Article 3.2, below, the configuration for the
737-*** Aircraft will be the Detail Specification for model 737-*** aircraft at
the revision level in effect at the time of Definitive Agreement (as defined
below). Such Detail Specification will be revised to include (i) changes
applicable to the Detail Specification that are developed by Boeing between the
*** Date (as defined below) and the signing of the Definitive Agreement,
(ii) changes required to obtain required regulatory certificates, and
(iii) other changes as mutually agreed.

3.2 Subject to mutual agreement, the 737-*** Aircraft may start from a different
configuration specification, provided that it can achieve the same configuration
which would result pursuant to the provisions of Article 3.1.

 

 

UAL-PA-03784-LA-1600586     SA-11 737-*** Aircraft     Page 1 BOEING / UNITED
AIRLINES PROPRIETARY

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

LOGO [g116267ex102pg28.jpg]

 

4. Price.

4.1 The Airframe Price and Optional Features Prices for each of the 737-***
Aircraft is identified in Attachment A to this Letter Agreement. The Airframe
Price and Optional Features Prices that will be identified in the Definitive
Agreement for the 737-*** Aircraft will equal ***. The resulting Airframe Price
and Optional Features Prices for the 737-*** Aircraft will escalate in
accordance with Supplemental Exhibit AE1. Boeing represents that the price
protections provided in this Article 4.1 are consistent with the terms of Letter
Agreement 6-1162-KKT-080, as amended.

4.2 The Airframe Price, Optional Features Prices, and Aircraft Basic Price for
each of the 737-*** Aircraft shall be adjusted in accordance with the terms set
forth in Article 2.1.5 (***) of the AGTA.

4.3 The *** Base Price shall be developed in accordance with the terms of the
Purchase Agreement and determined at the time of Definitive Agreement.

 

5. Payment.

5.1 Customer will *** to Boeing in the amount shown in the Attachment for each
737-*** Aircraft ***, on the date of execution of this Letter Agreement. If
Customer ***, the ***. If Customer does ***, Boeing will retain the *** for that
737-*** Aircraft and *** by Customer (including Continental Airlines, Inc. and
United Continental Holdings, Inc.) *** aircraft ***. If no future *** exist,
then the *** for Boeing *** and ***.

5.2 Notwithstanding the amount shown in Attachment A, ***for each 737-***
Aircraft.

5.3 At Definitive Agreement for the 737-*** Aircraft, *** will be payable as
specified in the Purchase Agreement. The *** of the Aircraft Price for the
737-*** Aircraft will be paid ***.

 

6. ***.

6.1 Customer may *** by giving written notice to Boeing on or before *** (***
Date).

6.2 After receipt of Customer’s *** notice, Boeing may *** that the delivery
date for such 737-*** Aircraft be ***. Customer will consider and, at Customer’s
sole discretion, accommodate Boeing’s request if ***. Boeing may *** the 737-***
Aircraft delivery date, which Customer will consider at Customer’s sole
discretion.

 

UAL-PA-03784-LA-1600586     SA-11 737-*** Aircraft     Page 2 BOEING / UNITED
AIRLINES PROPRIETARY

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

LOGO [g116267ex102pg27.jpg]

 

7. Definitive Agreement.

Following Customer’s *** the parties will sign a definitive agreement for the
purchase of such 737-*** Aircraft (Definitive Agreement) no later than ***
following Customer’s *** of a 737-*** Aircraft, or such other date as the
parties may mutually agree. The Definitive Agreement will include the provisions
of the Purchase Agreement as modified to reflect the provisions of this Letter
Agreement. In the event the parties have not entered into a Definitive Agreement
within *** following ***, unless the parties have mutually agreed to extend such
date, either party may *** such 737-*** Aircraft by giving written notice to the
other within ***.

 

8. Assignment.

Notwithstanding any other provisions of the Purchase Agreement, the rights and
obligations described in this Letter Agreement are provided to Customer in
consideration of Customer’s becoming the operator of the Aircraft and cannot be
assigned in whole or, in part.

 

9. Confidential Treatment.

Customer and Boeing understand that certain commercial and financial information
contained in this Letter Agreement are considered by Boeing and Customer as
confidential and are subject to the terms and conditions set forth in Letter
Agreement No. UAL-PA-03784-LA-1208938.

Very truly yours,

 

THE BOEING COMPANY By:  

/s/ Irma L Krueger

Its:   Attorney-in-Fact

 

UAL-PA-03784-LA-1600586     SA-11 737-*** Aircraft     Page 3 BOEING / UNITED
AIRLINES PROPRIETARY

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

LOGO [g116267ex102pg27.jpg]

 

ACCEPTED AND AGREED TO this Date:   March 7, 2016 UNITED AIR LINES, INC. By:  

/s/ Gerald Lagerman

Its:   Senior Vice President – Finance and acting Chief Financial Officer

 

UAL-PA-03784-LA-1600586     SA-11 737-*** Aircraft     Page 4 BOEING / UNITED
AIRLINES PROPRIETARY

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

Attachment A to Letter Agreement No. LA-1600586

737-*** Aircraft Delivery, Description, Price and ***

 

Airframe Model/MTOW:

     737-***      ***pounds      #          Detail Specification:       
*
** 
 

Engine Model/Thrust:

     CFM56-7B ***    *** pounds          Airframe Price Base Year/Escalation
Formula:      * **        * ** 

Airframe Price:

     $***          Engine Price Base Year/Escalation Formula:      * **        *
** 

Optional Features Estimate:

     $***                     

 

               

Sub-Total of Airframe and Features:

  

  $***          Airframe Escalation Data:       

Engine Price (Per Aircraft):

     $***          Base Year Index (ECI):        * **   

Aircraft Basic Price (Excluding BFE/SPE):

  

  $***          Base Year Index (CPI):        * **        

 

               

Buyer Furnished Equipment (BFE) Estimate:

  

  $***                

Seller Purchased Equipment (SPE) Estimate:

  

  $***                

Deposit per Aircraft:

     $***      +                

 

               Escalation              Escalation Estimate    *** Per Aircraft
(Amts. Due/*** Prior to
Delivery): # of    Delivery    Number of    Factor              *** Base    ***
   ***    ***    ***

Aircraft

   Date    Aircraft    (Airframe)   

 

  

 

   Price Per A/P    ***    ***    ***    ***

***

   ***    ***    ***          $***    $***    $***    $***    $***    Total   
***                        

 

+ If Customer does ***, Boeing will retain the *** for that *** Aircraft and ***
by Customer or United Continental Holdings, Inc. *** aircraft ***. If no future
*** exist, then the *** for Boeing *** and ***.

# *** pounds. Aircraft are eligible for the provisions of Letter Agreement
6-1162-MMF-311R8 entitled “Provisions Relating to Buyer’s *** for Model 737
Aircraft”

 

    SA-11 UAL-PA-03784 85013-1F.TXT   Page 1 BOEING / UNITED AIRLINES
PROPRIETARY

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

 

LOGO [g116267ex102pg27.jpg]

 

  

The Boeing Company

P.O. Box 3707

Seattle, WA 98124-2207

 

UAL-PA-03784-LA- 1600829

United Airlines, Inc.

233 South Wacker Drive

Chicago, Illinois 60606

 

Subject:    *** for *** 737-*** Aircraft Reference:    Purchase Agreement
No. 03784 (Purchase Agreement) between The Boeing Company (Boeing) and United
Airlines, Inc. (Customer) relating to 737NG Aircraft as defined in Supplemental
Agreement No. 011 to the Purchase Agreement

This letter agreement (Letter Agreement) amends and supplements the Purchase
Agreement. All terms used but not defined in this Letter Agreement shall have
the same meaning as in the Purchase Agreement.

 

1. ***.

In consideration of Customer’s purchase of the *** 737-*** Aircraft, Boeing ***
to Customer a *** on March 15, 2016. The *** shall be *** to Customer’s *** and
*** by Customer for ***.

 

2. Assignment.

Unless otherwise noted herein, the *** described in this Letter Agreement *** to
Customer and in *** Customer’s ***. This Letter Agreement cannot be assigned, in
whole or in part, without the prior written consent of Boeing. ***.

 

 

UAL-PA-03784-LA- 1600829     SA-11 Special Promotional Support Consideration for
2016-737-700 Aircraft   Page 1 BOEING / UNITED AIRLINES PROPRIETARY

 

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

 

LOGO [g116267ex102pg27.jpg]

 

3. Confidentiality

Customer and Boeing understand that certain commercial and financial information
contained in this Letter Agreement are considered by Boeing and Customer as
confidential and are subject to the terms and conditions set forth in Letter
Agreement No. UAL-PA-03784-LA-1208938.

Very truly yours,

 

THE BOEING COMPANY By:  

/s/ Irma L Krueger

Its:   Attorney-in-Fact

 

UAL-PA-03784-LA- 1600829     SA-11 Special Promotional Support Consideration for
2016-737-700 Aircraft   Page 2 BOEING / UNITED AIRLINES PROPRIETARY

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

 

LOGO [g116267ex102pg27.jpg]

 

ACCEPTED AND AGREED TO this Date:   March 7, 2016 UNITED AIRLINES, INC. By:  

/s/ Gerald Laderman

Its:   Senior Vice President – Finance and acting Chief Financial Officer

 

UAL-PA-03784-LA- 1600829     SA-11 Special Promotional Support Consideration for
2016-737-700 Aircraft   Page 3 BOEING / UNITED AIRLINES PROPRIETARY