Document:

Exhibit 4.1

 

SECOND AMENDMENT

TO REVOLVING CREDIT, TERM LOAN AND

GUARANTY AGREEMENT

 

SECOND AMENDMENT dated as of
May 5, 2008 (the “Amendment”) to the AMENDED AND RESTATED REVOLVING
CREDIT, TERM LOAN AND GUARANTY AGREEMENT, dated as of February 2, 2007, among
UNITED AIR LINES, INC., a Delaware corporation (the “Borrower”), UAL
CORPORATION, a Delaware corporation and the parent company of the Borrower (the
“Parent”), and the direct and indirect domestic subsidiaries of the
Parent signatory thereto (such subsidiaries, together with the Parent, each a “Guarantor”
and collectively the “Guarantors”), JPMORGAN CHASE BANK, N.A., a
national banking corporation (“JPMCB”), CITICORP USA, INC., a Delaware
corporation (“CITI”), each of the other financial institutions from time
to time party thereto (together with JPMCB and CITI, the “Lenders”),
JPMCB and CITI, as co-administrative agents (each, an “Agent” and
together, the “Agents”) and co-collateral agents for the Lenders (each,
a “Collateral Agent” and together, the “Collateral Agents”), and
JPMCB, as paying agent for the Lenders (in such capacity, the “Paying Agent”).

 

W I T N E S S E T H:

 

WHEREAS, the Borrower, the Guarantors, the
Lenders, the Collateral Agents, the Paying Agent and the Agents are parties to
that certain Amended and Restated Revolving Credit, Term Loan and Guaranty
Agreement, dated as of February 2, 2007 (as heretofore amended, modified
or supplemented, and as in effect on the date hereof, the “Credit Agreement”);
and

 

WHEREAS, the Borrower and the Guarantors have
requested that, subject to the occurrence of the Effective Date (as hereinafter
defined), the Lenders agree to amend the Credit Agreement as set forth in Article II
hereof, all subject to and upon the terms and conditions set forth herein.

 

NOW,
THEREFORE, the
parties hereto hereby agree as follows:

 

ARTICLE I. 
Definitions

 

1.             As used herein, all terms that are
defined in the Credit Agreement after giving effect to this Amendment shall
have the same meanings herein.

 

ARTICLE II. 
Amendment

 

2.             Amendment to Section 1.01.  Section 1.01 of the Credit Agreement is
hereby amended by amending and restating in its entirety the definition of “Fixed
Charge Coverage Ratio” as follows:

 

““Fixed Charge Coverage Ratio” shall mean, at
any date for which such ratio is to be determined, the ratio of EBITDAR for the
Rolling Twelve Month period ended on such date to the sum of the following for
such period: (a) Interest Expense plus (b) the aggregate cash
aircraft rental expense of the Parent and its Subsidiaries on a consolidated
basis for such period payable in cash in respect of any aircraft leases (other
than Capitalized Leases), all as determined 

 

 

 

in accordance with GAAP; provided,
that with respect to any period during which any Specified Transaction occurs,
the Fixed Charge Coverage Ratio for such period shall be determined on a Pro
Forma Basis; and provided, further, that with respect to the
three fiscal quarters ending in June 2009, September 2009 and December 2009,
the Fixed Charge Coverage Ratio shall be determined with reference to the
period commencing on April 1, 2009 and ending on the last day of each of
such three fiscal quarters.”

 

3.             Amendment to Section 6.04.  Section 6.04 of the Credit Agreement is
hereby amended by deleting the table therein in its entirety and replacing it
with the following:

 

	
  Fiscal quarter ending

  	
   

  	
  Ratio

  	
   

  
	
  June 2009

  	
   

  	
  1.0:1.0

  	
   

  
	
  September 2009

  	
   

  	
  1.1:1.0

  	
   

  
	
  December 2009

  	
   

  	
  1.2:1.0

  	
   

  
	
  March 2010

  	
   

  	
  1.3:1.0

  	
   

  
	
  June 2010

  	
   

  	
  1.4:1.0

  	
   

  
	
  September 2010 and
  thereafter for each Fiscal Quarter ending through the Tranche B Maturity Date

  	
   

  	
  1.5:1.0

  	
   

  

 

4.             Amendment to Section 6.05.  Section 6.05 of the Credit Agreement is
hereby amended by replacing the reference therein to “$750,000,000” with a
reference to “$1,000,000,000”.

 

ARTICLE III.  Miscellaneous

 

5.             Conditions to Effectiveness.
The amendments set forth in Article II of this Amendment shall not become
effective until the date (the “Effective Date”) on which (A) this
Amendment shall have been executed by the Borrower, the Guarantors and Lenders
constituting Required Lenders, and the Paying Agent shall have received
evidence reasonably satisfactory to it of such execution, (B) each Agent
shall have received payment or reimbursement of any and all fees, expenses and
other amounts owed by the Borrower and the Guarantors pursuant to or in
connection with the Credit Agreement or this Amendment and (C) the Paying
Agent shall have received from the Borrower for the respective account of each
Lender that has executed and delivered to the Paying Agent a counterpart of
this Amendment (i) at or prior to 5:00 p.m. (New York City time) on
Monday, May 5, 2008, an amendment fee equal to seven percent (7.00%) of the
aggregate amount of such Lender’s Tranche A Commitment and Tranche B Commitment
on May 5, 2008 and (ii) after 5:00 p.m.(New York City time) on
Monday, May 5, 2008 but at or prior to 5:00 p.m. (New York City time)
on Tuesday, May 6, 2008, an amendment fee equal to five percent (5.00%) of
the aggregate amount of such Lender’s Tranche A Commitment and Tranche B
Commitment on May 5, 2008.

 

6.             Ratification.  Except to the extent hereby amended, the
Credit Agreement and each of the Loan Documents remain in full force and effect
and are hereby ratified and affirmed.

 

[Signature Page to Second Amendment to Credit
Agreement]

 

 

7.             Costs and Expenses.  The Borrower agrees that its obligations set
forth in Section 10.04 of the Credit Agreement shall extend to the
preparation, execution and delivery of this Amendment.

 

8.             Representations and Warranties.  The Borrower represents and warrants to the
Lenders, to induce the Lenders to enter into this Amendment, that no Default or
Event of Default exists on the date hereof and that each of the representations
and warranties made by the Borrower in the Credit Agreement and each other Loan
Document are true and correct in all material respects as of the date hereof
except where such representation or warranty relates to a specific date, in
which case such representation or warranty was true and correct in all material
respects as of such date.

 

9.             References.  This Amendment shall be limited precisely as
written and shall not be deemed (a) to be a consent granted pursuant to,
or a waiver or modification of, any other term or condition of the Credit
Agreement or any of the instruments or agreements referred to therein or (b) to
prejudice any right or rights which the Agents or the Lenders may now have or
have in the future under or in connection with the Credit Agreement or any of
the instruments or agreements referred to therein.  Whenever the Credit Agreement is referred to
in the Credit Agreement or any of the instruments, agreements or other
documents or papers executed or delivered in connection therewith, such
reference shall be deemed to mean the Credit Agreement as modified by this
Amendment.

 

10.           Counterparts.  This Amendment may be executed in any number
of counterparts and by the different parties hereto in separate counterparts,
each of which when so executed and delivered shall be deemed to be an original
and all of which taken together shall constitute but one and the same
instrument.  A fax copy or .pdf copy of a
counterpart signature page shall serve as the functional equivalent of a
manually executed copy for all purposes.

 

11.           Applicable Law.  This Amendment shall be governed by, and
construed in accordance with, the laws of the State of New York.

 

[signature pages intentionally
omitted]

 

###Exhibit 10.1

 

DOMAIN
NAME ACQUISITION AGREEMENT

 

Subject to the terms and
conditions attached hereto and expressly made a part hereof (the “Terms and
Conditions”), and such additional terms and conditions set forth below,
Portfolio Brains LLC, a California limited liability company (“Purchaser”),
hereby agrees, either directly or through an affiliate, to acquire from the
Seller(s) set forth below all right, title and interest in and to the
domain names set forth on Exhibit A hereto, for the Purchase Price set
forth below.

 

	
  Seller(s):

  	
   

  	
  Tucows.com Co.

  
	
   

  	
   

  	
   

  
	
  Purchase Price:

  	
   

  	
  US $983,713.00 (Nine
  Hundred and Eighty Three Thousand Seven Hundred and Thirteen Dollars)

  
	
   

  	
   

  	
   

  
	
  Holdback:

  	
   

  	
  US $98,371.00 (Ninety
  Eight Thousand Three Hundred And Seventy One Dollars)

  
	
   

  	
   

  	
   

  
	
  Effective Date:

  	
   

  	
  May 1, 2008

  

 

 

IN WITNESS WHEREOF,
intending to be legally bound, the parties have executed and delivered this
Domain Name Acquisition Agreement as of the Effective Date.

 

	
  Portfolio Brains LLC

  	
   

  	
  Tucows.com Co.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ STEVE HISEY

  	
   

  	
  By: 

  	
  /s/ BILL SWEETMAN

  
	
   

  	
  Name:

  	
  Steve Hisey

  	
   

  	
   

  	
  Name: 

  	
  Bill Sweetman

  
	
   

  	
  Title: 

  	
  General Manager

  	
   

  	
   

  	
  Title: 

  	
  General Manager, Domain
  

  
	
   

  	
   

  	
  Portfolio

  
	
  Address:

  	
   

  	
  Address:

  
	
   

  	
   

  	
   

  
	
  Fax No.: (213) 607-0430

  	
   

  	
  Fax No.: (416) 531-5584

  

 

 

 

 

 

 

DOMAIN
NAME ACQUISITION AGREEMENT

TERMS AND
CONDITIONS

 

These Terms and
Conditions are hereby agreed to and made a part of the Domain Name Acquisition
Agreement (the “Agreement”) to which they are attached.  Capitalized terms used but not otherwise
defined herein shall have the meaning ascribed to such terms in the Agreement.

 

1.             Purchase and Sale

 

1.1           Assets to be Acquired.
On the terms and subject to the conditions of this Agreement, Seller shall, on
the Effective Date, sell, convey and assign to Purchaser, free and clear of all
claims, liens and interests of any kind, all of Seller’s right (including all
intellectual property rights), title and interest in and to the domain names
set forth on Exhibit A (the “Assets”).

 

1.2           Liabilities.
Purchaser shall, on the Effective Date, assume all liabilities and obligations
arising out of the ownership, use and operation of the Assets after the
Effective Date, except as set forth in Section 2.5.  Except as set forth in the preceding
sentence, Seller shall retain, and shall be responsible for paying, performing
and discharging when due, and Purchaser shall not assume or have any
responsibility for, all assets (other than the Assets) and all liabilities of
Seller as of the Effective Date.

 

1.3           Purchase Price.
In consideration for the transfer of the Assets, at the Closing, Purchaser
shall pay to Seller the Purchase Price, less the Holdback, by wire transfer of
immediately available funds, to the account(s) designated in writing by
Seller.

 

1.4           Holdback.
Purchaser shall retain the Holdback for one year as security for claims
pursuant to Section 4.  On the one
year anniversary of the Effective Date, that portion of the Holdback as to
which no claims for indemnification have been made pursuant Section 4
shall be tendered to Seller by wire transfer of immediately available
funds.  The remaining Holdback, if any,
shall be delivered at such time (or times) as, and to the extent that any
claims shall be finally resolved in favor of Seller by wire transfer of
immediately available funds.

 

1.5           Closing.
Subject to satisfaction of the conditions set forth in Section 1.6, the
Closing shall place on the Effective Date, at the offices of Purchaser, or at
such other place and time as the parties shall mutually agree.

 

1.6           Closing deliveries by
Seller. Purchaser’s obligation to effect the Closing and deliver the
Purchase Price is expressly conditioned upon the prior receipt by Purchaser of
the following, any of which may be waived by the Purchaser in its sole
discretion:

 

(a)       The Domain Name Transfer Agreement, in
the form set forth on Exhibit B hereto, duly executed by Seller.

 

(b)       The Power of Attorney, in the form set
forth on Exhibit C hereto, duly executed and notarized.

 

2.             Representations and Warranties of Each Seller.  As a material inducement to Purchaser to
enter into the Agreement, each Seller represents and warrants to Purchaser as
follows:

 

2.1           Authorization, Etc.
Seller has full power, authority and legal capacity to execute and deliver this
Agreement, to perform its obligations hereunder and to consummate the transactions
contemplated hereby. Seller has duly executed and delivered this
Agreement.  This Agreement constitutes
the legal, valid and binding obligation of Seller enforceable against Seller in
accordance with its terms.

 

2.2           No Conflict; Approvals.
The execution, delivery and performance of this Agreement by Seller does not
and will not (a) violate, conflict with or result in the breach of any
provision of the charter, by-laws, operating agreement, or other constituent
documents of Seller (if applicable), (b) conflict with or violate any law
or order applicable to Seller or any of its assets, properties or businesses, (c) require
any consent, approval or authorization of any third party, or (d) conflict
with, require any consent under, or result in the creation of any encumbrance
on any of the Assets pursuant to, any note, bond, mortgage, indenture,
contract, agreement, lease, 

 

 

sublease, license,
permit, franchise or other instrument or arrangement to which Seller is a party
or by which any of the Assets is bound or affected.

 

2.3           Revenue Information.
All information provided to Purchaser with respect to the historical revenue
and traffic generated by the Assets (the “Seller’s Data”) was prepared from the
books and records of the Seller, fairly presents such historical financial
information and is complete and correct in all material respects.

 

2.4           Registered Owner.
Seller has good, valid, marketable and transferable registrations to all
Assets, in each case free and clear of any Lien (other than as set forth in the
registration agreement(s) applying thereto).  For purposes hereof, the term “Lien” means
any lien, mortgage, security interest, charge, pledge, retention of title
agreement, adverse claim, easement, encroachment, restrictive covenant or other
encumbrance affecting title to any property of any sort.  Each registration agreement related to such
Assets is in full force and effect and all registration fees associated
therewith have been duly paid and there are currently no amounts due to the
registrar of such Assets in connection therewith.

 

2.5           Litigation.
There are no claims, or threatened claims, that any of the Assets violates the
trademark rights of any other person or entity, or otherwise violates any
law.  Seller has no knowledge of any facts
or circumstances that would be the basis for any claim that the Assets violate
the trademark rights of any other person or entity, or otherwise violates any
law.  There is no action pending or, to
Seller’s knowledge, threatened before any court or governmental entity which
seeks to enjoin the transactions contemplated hereby.

 

2.6           Click Fraud.
Seller is familiar with the Domain Sponsor publishing requirements available at
<http://www.revenue.net/pub_ds_pubreg.mas> (the “DS Requirements”).  All revenue and traffic related to the Domain
Names is the result of authentic traffic (natural type-in, algorithmic or
natural search engine results, or expired link traffic), in full compliance
with the DS Requirements and does not result from (a) links on other
websites controlled by the Seller, paid-search advertising, affiliating traffic
or other similar methods, (b) click farms, bots, or other automated
processes designed to increase traffic or clicks, or (c) adware, spyware
or other software programs designed to increase traffic or clicks .

 

3.             Additional Agreements

 

3.1           Taxes. Seller
shall pay any and all sales or transfer taxes assessed on the sale or transfer
of the Assets.

 

3.2           Further Assurances.
Following the Closing, each party hereto shall, from time to time, execute and
deliver such additional instruments, documents, conveyances or assurances and
take such other actions as shall be necessary, or otherwise reasonably be
requested by the other party, to confirm and assure the rights and obligations
provided for in this Agreement and render effective the consummation of the
transactions contemplated hereby, or otherwise to carry out the intent and
purposes of this Agreement (which include the transfer to Purchaser of the
ownership and intended related benefits of the Assets)

 

3.3           Confidentiality.
Except as required by applicable Law, Seller shall not, and shall not permit
any of its employees or representatives to, make any public announcement in
respect of this Agreement or the transactions contemplated hereby without the
prior written consent of Purchaser. 
Except as required by applicable Law, Purchaser shall not, and shall not
permit any of its employees or representatives to, make any public announcement
in respect of this Agreement or the transactions contemplated hereby without
the prior written consent of Seller; provided, however, that, after the Closing, Purchaser may, in its sole
discretion, issue a press release announcing the transaction.

 

3.4           Name Change.  If Seller is an entity, and Seller’s legal name
or fictitious business name (“DBA”) is similar to any of the Assets, in
Purchaser’s sole judgment, then Seller agrees to change its legal name or DBA
within fifteen days of the effective Date

 

4.             Indemnification.

 

4.1           Indemnification by Seller.
Seller covenants and agrees to defend, indemnify and hold harmless each of
Purchaser, its affiliates, and their respective officers, directors, employees,
agents, advisers and representatives (collectively, the “Purchaser Indemnitees”)
from and against, and pay or reimburse the Purchaser Indemnitees for, any and
all claims, demands, liabilities, 

 

 

 

 

 

obligations, losses,
fines, costs, expenses, royalties, litigation, deficiencies or damages (whether
absolute, accrued, conditional or otherwise and whether or not resulting from
third party claims), including interest and penalties with respect thereto and
out-of-pocket expenses and reasonable attorneys’ and accountants’ fees and
expenses incurred in the investigation or defense of any of the same or in
asserting, preserving or enforcing any of their respective rights hereunder
(collectively, “Losses”), to the extent resulting from or arising out
of: (i) any inaccuracy of any representation or warranty set forth in Section 2;
or (ii) any failure of the Seller to perform any covenant or agreement
hereunder or fulfill any other obligation in respect hereof.

 

4.2           Survival of
Representations and Warranties. The representations and warranties
contained in this Agreement shall survive until the first anniversary of the
Effective Date, and Purchaser shall not be entitled to recovery for any Losses
if it has not delivered notice to Seller, in accordance with Section 5.2,
on or prior to the first anniversary of the Effective Date.

 

4.3           Limits on Indemnification.
In no event shall Seller’s obligation to Purchaser or any affiliate of
Purchaser under this Agreement, including, without limitation, any obligation
to indemnify, hold harmless or defend, exceed the total amount of the Purchase
Price actually received by Seller pursuant to this Agreement.

 

5.             Miscellaneous

 

5.1           Expenses.
Except as otherwise specifically provided for in this Agreement, Seller and
Purchaser shall bear their respective expenses, costs and fees (including
attorneys’ and auditors’ fees) in connection with the transactions contemplated
hereby, including the preparation, execution and delivery of this Agreement and
compliance herewith, whether or not the transactions contemplated hereby shall
be consummated.

 

5.2           Notices. All
notices, requests, demands, waivers and other communications required or
permitted to be given under this Agreement shall be in writing, shall be
delivered to the respective addresses set forth on the signature page hereto
or at such other address as may be specified in writing to the other parties
hereto, and shall be deemed to have been duly given (a) if by personal
delivery on the day after such delivery, (b) if by certified or registered
mail, on the second business day after the mailing thereof, (c) if by
courier or overnight mail or delivery, on the day delivered or (d) if by
telecopy, on the next day following the day on which such telecopy was sent.

 

5.3          Governing Law, Etc.

 

(a)       This Agreement shall be governed by,
interpreted under, and construed and enforced in accordance with the laws of
the State of California, without giving effect to the conflicts of law rules thereof.

 

(b)       The parties agree that in the event of a
dispute or controversy involving this Agreement, (except as to disputes
involving injunctive relief or specific performance), the parties shall for 20
days first attempt to resolve the dispute amicably through meetings or
communications.  If such are
unsuccessful, then either party may, as its sole and exclusive means of
resolution, submit such dispute for resolution in binding arbitration.  Arbitration shall be conducted by a single
arbitrator at the judicial arbitration and mediation service (JAMS) (or if JAMS
no longer exists, then by AAA) in Los Angeles County, California in accordance
with their rules then in effect.  Written notice of the demand for arbitration
shall be served on the other party to this Agreement and filed with the
arbitration service.  The demand for
arbitration shall be made within a reasonable time after the claim, dispute, or
other matter in question has arisen (and in no event after the claim would have
been barred by the provisions of this Agreement or applicable statute of
limitations) and shall be completed in not more than 180 days.  The arbitrator shall be experienced in the
subject matter of the arbitration.  In
reaching any award, the arbitrator shall follow and be bound by California
substantive law to the same extent and as if he/she was a judge in a California
court of law; provided that the arbitrator shall in no manner award punitive or
exemplary damages (or damages calculated by applying a multiplier), or damages
for emotional distress.  The award shall
be in writing, shall contain findings of fact and conclusions of law, and shall
set forth the nature, amount, and manner of calculation of damages.  The award shall be final and non-appealable.

 

 

 

 

(c)       EACH PARTY IRREVOCABLY AND
UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN
RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO
THIS AGREEMENT, OR THE BREACH, TERMINATION OR VALIDITY OF THIS AGREEMENT, OR
THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.  EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK
TO ENFORCE THE FOREGOING WAIVER, (B) EACH SUCH PARTY UNDERSTANDS AND HAS
CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) EACH SUCH PARTY MAKES THIS
WAIVER VOLUNTARILY, AND (D) EACH SUCH PARTY HAS BEEN INDUCED TO ENTER INTO
THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN
THIS SECTION 5.3(c).

 

5.4           Assignment.
This Agreement may not be transferred, assigned, pledged or hypothecated by any
party hereto, other than by operation of law. 
Any such purported transfer, assignment, pledge, or hypothecation (other
than by operation of law) shall be void and of no force and effect.  This Agreement shall be binding upon and
shall inure to the benefit of the parties hereto and their respective heirs,
executors, administrators, successors and permitted assigns.

 

5.5           Entire Agreement;
Amendment and Waiver. This Agreement constitutes the entire
agreement and supersedes all prior agreements and understandings, both written
and oral, between the parties with respect to the subject matter hereof.  This
Agreement may not be amended, supplemented or modified orally, but only by an
agreement in writing signed by each of the parties hereto.  In the event any provision of this Agreement
is found to be void and unenforceable by a court of competent jurisdiction, the
remaining provisions of this Agreement shall nevertheless be binding upon the
parties with the same effect as though the void or unenforceable part had been
severed and deleted.

 

5.6           Headings and
Interpretation; Counterparts. The headings contained in this
Agreement are for purposes of convenience only and shall not affect the meaning
or interpretation of this Agreement. The provisions of this Agreement shall be
construed according to their fair meaning and neither for nor against any party
hereto irrespective of which party caused such provisions to be drafted.  Each of the parties acknowledges that it has
been represented by an attorney in connection with the negotiation and
execution of this Agreement.  This
Agreement may be executed in several counterparts, and by facsimile signature,
each of which shall be deemed an original and all of which shall together
constitute one and the same instrument.

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