Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 AMENDED AND
RESTATED CREDIT AND GUARANTY AGREEMENT 
 dated as of December 15, 2016 

among 
 AMERICAN AIRLINES, INC.,

 as the Borrower, 
 AMERICAN
AIRLINES GROUP INC., 
 as Parent and a Guarantor, 

THE SUBSIDIARIES OF PARENT FROM TIME TO TIME PARTY HERETO 

OTHER THAN THE BORROWER, 
 as
Guarantors, 
 THE LENDERS PARTY HERETO, 

CITIBANK, N.A., 
 as Administrative
Agent and Collateral Agent, 
 CITIGROUP GLOBAL MARKETS, INC., BARCLAYS BANK PLC, CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK
SECURITIES INC., GOLDMAN SACHS BANK USA, J.P. MORGAN SECURITIES LLC, MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, MORGAN STANLEY SENIOR FUNDING, INC., BNP PARIBAS SECURITIES CORP, CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK,
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, NEW YORK BRANCH AND U.S. BANK NATIONAL ASSOCIATION, 
 as Joint Lead Arrangers and
Bookrunners, 
 CITIGROUP GLOBAL MARKETS, INC., BARCLAYS BANK PLC, CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., GOLDMAN
SACHS BANK USA, J.P. MORGAN SECURITIES LLC, MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED AND MORGAN STANLEY SENIOR FUNDING, INC., 

as Syndication Agents, 
 BNP
PARIBAS SECURITIES CORP, CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, NEW YORK BRANCH AND U.S. BANK NATIONAL ASSOCIATION, 

as Documentation Agents 

 TABLE OF CONTENTS 

 

					
	 	 	 	  	Page
	
	ARTICLE I
	
	DEFINITIONS
			
	 SECTION 1.01.
	 	 Defined Terms
	  	2
	 SECTION 1.02.
	 	 Terms Generally
	  	65
	 SECTION 1.03.
	 	 Accounting Terms; GAAP
	  	66
	
	ARTICLE II
	
	AMOUNT AND TERMS OF CREDIT
			
	 SECTION 2.01.
	 	 Commitments of the Lenders; Term Loans
	  	66
	 SECTION 2.02.
	 	 Letters of Credit
	  	68
	 SECTION 2.03.
	 	 Requests for Loans
	  	73
	 SECTION 2.04.
	 	 Funding of Loans
	  	75
	 SECTION 2.05.
	 	 Interest Elections
	  	76
	 SECTION 2.06.
	 	 Limitation on Eurodollar Tranches
	  	77
	 SECTION 2.07.
	 	 Interest on Loans
	  	77
	 SECTION 2.08.
	 	 Default Interest
	  	77
	 SECTION 2.09.
	 	 Alternate Rate of Interest
	  	77
	 SECTION 2.10.
	 	 Amortization of Term Loans; Repayment of Loans; Evidence of Debt
	  	78
	 SECTION 2.11.
	 	 Optional Termination or Reduction of Revolving Commitments
	  	79
	 SECTION 2.12.
	 	 Mandatory Prepayment of Loans; Commitment Termination
	  	79
	 SECTION 2.13.
	 	 Optional Prepayment of Loans
	  	81
	 SECTION 2.14.
	 	 Increased Costs
	  	82
	 SECTION 2.15.
	 	 Break Funding Payments
	  	84
	 SECTION 2.16.
	 	 Taxes
	  	85
	 SECTION 2.17.
	 	 Payments Generally; Pro Rata Treatment
	  	88
	 SECTION 2.18.
	 	 Mitigation Obligations; Replacement of Lenders
	  	90
	 SECTION 2.19.
	 	 Certain Fees
	  	91
	 SECTION 2.20.
	 	 Commitment Fee and Upfront Fee
	  	91
	 SECTION 2.21.
	 	 Letter of Credit Fees
	  	92
	 SECTION 2.22.
	 	 Nature of Fees
	  	92
	 SECTION 2.23.
	 	 Right of Set-Off
	  	92
	 SECTION 2.24.
	 	 Security Interest in Letter of Credit Account
	  	93
	 SECTION 2.25.
	 	 Payment of Obligations
	  	93
	 SECTION 2.26.
	 	 Defaulting Lenders
	  	93
	 SECTION 2.27.
	 	 Increase in Commitment
	  	97
	 SECTION 2.28.
	 	 Extension of Term Loans; Extension of the Revolving Facility
	  	100

  
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	ARTICLE III
	
	REPRESENTATIONS AND WARRANTIES
			
	 SECTION 3.01.
	 	 Organization and Authority
	  	105
	 SECTION 3.02.
	 	 Air Carrier Status
	  	105
	 SECTION 3.03.
	 	 Due Execution
	  	105
	 SECTION 3.04.
	 	 Statements Made
	  	106
	 SECTION 3.05.
	 	 Financial Statements; Material Adverse Change
	  	106
	 SECTION 3.06.
	 	 Ownership of Subsidiaries
	  	107
	 SECTION 3.07.
	 	 Liens
	  	107
	 SECTION 3.08.
	 	 Use of Proceeds
	  	107
	 SECTION 3.09.
	 	 Litigation and Compliance with Laws
	  	107
	 SECTION 3.10.
	 	 Slots
	  	107
	 SECTION 3.11.
	 	 Routes
	  	107
	 SECTION 3.12.
	 	 Margin Regulations; Investment Company Act
	  	108
	 SECTION 3.13.
	 	 Holding of Collateral
	  	108
	 SECTION 3.14.
	 	 Perfected Security Interests
	  	108
	 SECTION 3.15.
	 	 Payment of Taxes
	  	108
	 SECTION 3.16.
	 	 No Unlawful Payments
	  	109
	 SECTION 3.17.
	 	 OFAC
	  	109
	 SECTION 3.18.
	 	 Compliance with Anti-Money Laundering Laws
	  	109
	 SECTION 3.19.
	 	 Solvency
	  	110
	 SECTION 3.20.
	 	 EEA Financial Institution
	  	110
	
	ARTICLE IV
	
	CONDITIONS OF LENDING
			
	 SECTION 4.01.
	 	 Conditions Precedent to Closing
	  	110
	 SECTION 4.02.
	 	 Conditions Precedent to Each Loan and Each Letter of Credit
	  	113
	
	ARTICLE V
	
	AFFIRMATIVE COVENANTS
			
	 SECTION 5.01.
	 	 Financial Statements, Reports, etc.
	  	114
	 SECTION 5.02.
	 	 Taxes
	  	116
	 SECTION 5.03.
	 	 Corporate Existence
	  	116
	 SECTION 5.04.
	 	 Compliance with Laws
	  	117
	 SECTION 5.05.
	 	 Designation of Restricted and Unrestricted Subsidiaries
	  	117
	 SECTION 5.06.
	 	 Delivery of Appraisals
	  	117
	 SECTION 5.07.
	 	 Regulatory Matters; Utilization; Reporting
	  	118
	 SECTION 5.08.
	 	 Maintenance of Ratings
	  	120
	 SECTION 5.09.
	 	 Additional Guarantors; Additional Collateral
	  	120
	 SECTION 5.10.
	 	 Inspection; Access to Books and Records
	  	120
	 SECTION 5.11.
	 	 Further Assurances
	  	121

  
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	ARTICLE VI
	
	NEGATIVE AND FINANCIAL COVENANTS
			
	 SECTION 6.01.
	 	 Restricted Payments
	  	123
	 SECTION 6.02.
	 	 Restrictions on Ability of Restricted Subsidiaries to Pay Dividends and Make Certain Other
Payments
	  	129
	 SECTION 6.03.
	 	 [Reserved]
	  	131
	 SECTION 6.04.
	 	 Disposition of Collateral
	  	131
	 SECTION 6.05.
	 	 Transactions with Affiliates
	  	132
	 SECTION 6.06.
	 	 Liens
	  	134
	 SECTION 6.07.
	 	 Business Activities
	  	134
	 SECTION 6.08.
	 	 Liquidity
	  	134
	 SECTION 6.09.
	 	 Collateral Coverage Ratio
	  	134
	 SECTION 6.10.
	 	 Merger, Consolidation, or Sale of Assets
	  	135
	 SECTION 6.11.
	 	 Post-Closing Matters
	  	136
	
	ARTICLE VII
	
	EVENTS OF DEFAULT
			
	 SECTION 7.01.
	 	 Events of Default
	  	137
	
	ARTICLE VIII
	
	THE AGENTS
			
	 SECTION 8.01.
	 	 Administration by Agents
	  	140
	 SECTION 8.02.
	 	 Rights of Agents
	  	141
	 SECTION 8.03.
	 	 Liability of Agents
	  	141
	 SECTION 8.04.
	 	 Reimbursement and Indemnification
	  	143
	 SECTION 8.05.
	 	 Successor Agents
	  	144
	 SECTION 8.06.
	 	 Independent Lenders
	  	144
	 SECTION 8.07.
	 	 Advances and Payments
	  	144
	 SECTION 8.08.
	 	 Sharing of Setoffs
	  	145
	 SECTION 8.09.
	 	 Withholding Taxes
	  	145
	 SECTION 8.10.
	 	 Appointment by Secured Parties
	  	145
	 SECTION 8.11.
	 	 Delivery of Information
	  	146
	 SECTION 8.12.
	 	 Administrative Agent as Successor to Citicorp North America, Inc.; Release
	  	146
	
	ARTICLE IX
	
	GUARANTY
			
	 SECTION 9.01.
	 	 Guaranty
	  	147
	 SECTION 9.02.
	 	 Right of Contribution
	  	148
	 SECTION 9.03.
	 	 Continuation and Reinstatement, etc.
	  	148

  
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	 SECTION 9.04.
	 	 Subrogation
	  	148
	 SECTION 9.05.
	 	 Discharge of Guaranty
	  	149
	
	ARTICLE X
	
	MISCELLANEOUS
			
	 SECTION 10.01.
	 	 Notices
	  	150
	 SECTION 10.02.
	 	 Successors and Assigns
	  	151
	 SECTION 10.03.
	 	 Confidentiality
	  	157
	 SECTION 10.04.
	 	 Expenses; Indemnity; Damage Waiver
	  	158
	 SECTION 10.05.
	 	 Governing Law; Jurisdiction; Consent to Service of Process
	  	161
	 SECTION 10.06.
	 	 No Waiver
	  	162
	 SECTION 10.07.
	 	 Extension of Maturity
	  	162
	 SECTION 10.08.
	 	 Amendments, etc.
	  	162
	 SECTION 10.09.
	 	 Severability
	  	165
	 SECTION 10.10.
	 	 Headings
	  	166
	 SECTION 10.11.
	 	 Survival
	  	166
	 SECTION 10.12.
	 	 Execution in Counterparts; Integration; Effectiveness
	  	166
	 SECTION 10.13.
	 	 USA Patriot Act
	  	166
	 SECTION 10.14.
	 	 New Value
	  	166
	 SECTION 10.15.
	 	 WAIVER OF JURY TRIAL
	  	167
	 SECTION 10.16.
	 	 No Fiduciary Duty
	  	167
	 SECTION 10.17.
	 	 Lender Action
	  	167
	 SECTION 10.18.
	 	 Intercreditor Agreements
	  	168
	 SECTION 10.19.
	 	 Acknowledgement and Consent to Bail-In of EEA Financial
Institutions
	  	168

  
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 INDEX OF APPENDICES 
  

					
	ANNEX A	 	–	  	    Lenders and Commitments
			
	EXHIBIT A	 	–	  	    Form of Slot Security Agreement
			
	EXHIBIT B	 	–	  	    Form of SGR Security Agreement
			
	EXHIBIT C	 	–	  	    Form of General Security Agreement
			
	EXHIBIT D	 	–	  	    Form of Spare Parts Security Agreement
			
	EXHIBIT E	 	–	  	    Form of Instrument of Assumption and Joinder
			
	EXHIBIT F	 	–	  	    Form of Assignment and Acceptance
			
	EXHIBIT G	 	–	  	    Form of Loan Request
			
	EXHIBIT H	 	–	  	    Form of Letter of Credit Request
			
	EXHIBIT I	 	–	  	    Form of Account Control Agreement
			
	EXHIBIT J	 	–	  	    Form of Aircraft Security Agreement
			
	EXHIBIT K	 	–	  	    Form of Spare Engine Security Agreement
			
	EXHIBIT L	 	–	  	    Form of Collateral Coverage Ratio Certificate
			
	EXHIBIT M	 	–	  	    Form of Intercreditor Agreement
		
	SCHEDULE 3.06	  	    Subsidiaries
		
	SCHEDULE 6.11	  	    Post-Closing Matters

  
 v 

 AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT, dated as of December 15, 2016, among
AMERICAN AIRLINES, INC., a Delaware corporation (the “Borrower”), AMERICAN AIRLINES GROUP INC. (formerly known as AMR CORPORATION), a Delaware corporation (“Parent”), the direct and indirect Domestic Subsidiaries of
Parent from time to time party hereto other than the Borrower, the Lenders (as defined below), CITIBANK, N.A., as administrative agent for the Lenders (together with its permitted successors in such capacity, the “Administrative
Agent”), as collateral agent (in such capacity, the “Collateral Agent”), CITIGROUP GLOBAL MARKETS, INC., BARCLAYS BANK PLC, CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., GOLDMAN SACHS BANK USA, J.P.
MORGAN SECURITIES LLC, MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, MORGAN STANLEY SENIOR FUNDING, INC., BNP PARIBAS SECURITIES CORP, CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, NEW
YORK BRANCH AND U.S. BANK NATIONAL ASSOCIATION, as joint lead arrangers and bookrunners (collectively, the “Joint Lead Arrangers and Bookrunners”), CITIGROUP GLOBAL MARKETS, INC., BARCLAYS BANK PLC, CREDIT SUISSE SECURITIES (USA)
LLC, DEUTSCHE BANK SECURITIES INC., GOLDMAN SACHS BANK USA, J.P. MORGAN SECURITIES LLC, MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED AND MORGAN STANLEY SENIOR FUNDING, INC., as syndication agents (collectively, the
“Syndication Agents”), BNP PARIBAS SECURITIES CORP, CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, NEW YORK BRANCH AND U.S. BANK NATIONAL ASSOCIATION, as documentation agents
(collectively, the “Documentation Agents”). 
 INTRODUCTORY STATEMENT 

This Agreement amends and restates in its entirety the $1,600,000,000 Loan Agreement dated as of May 23, 2013 (the “2013 Loan
Agreement”) among the Borrower (as successor in interest to US Airways, Inc.), certain affiliates of the Borrower party thereto, Citicorp North America, Inc., as administrative agent and the other financial institutions and lenders party
thereto. 
 The proceeds of the Loans may be used for refinancing existing indebtedness and general corporate purposes. 

To provide guarantees and security for the repayment of the Loans, the reimbursement of any draft drawn under a Letter of Credit and the
payment of the other obligations of the Borrower and the Guarantors hereunder and under the other Loan Documents, the Borrower and the Guarantors will, among other things, provide to the Administrative Agent and the Lenders the following (each as
more fully described herein): 
 (a) a guaranty from each Guarantor of the due and punctual payment and performance of the Obligations of
the Borrower pursuant to Article IX; and 
 (b) a security interest with respect to the Collateral from the Borrower and each other Grantor
(if any) pursuant to the Collateral Documents. 

 Accordingly, the parties hereto hereby agree as follows: 

ARTICLE I 
 DEFINITIONS 

SECTION 1.01 Defined Terms. 

“2013 Agent” shall mean Citicorp North America, Inc., as administrative agent and collateral agent under the 2013 Loan
Agreement, the 2013 Collateral Documents and the 2013 Specified Collateral Documents. 
 “2013 Collateral Documents” shall
mean each “Collateral Document” as defined in the 2013 Loan Agreement other than the 2013 Specified Collateral Documents and the 2013 Leasehold Mortgages. 

“2013 Guarantors” shall mean American Airlines, Inc., American Airlines Group Inc., Material Services Company, Inc., PSA
Airlines, Inc. and Piedmont Airlines, Inc. 
 “2013 Guaranty” shall mean the Guaranty Agreement executed and delivered by
the 2013 Guarantors as of May 23, 2013. 
 “2013 Leasehold Mortgages” shall mean each “Mortgage” as defined
in the 2013 Loan Agreement. 
 “2013 Specified Collateral Documents” shall mean, (i) the Security Agreement, dated as
of May 23, 2013, between American Airlines, Inc. (as successor in interest to US Airways, Inc.), the other grantors party thereto from time to time and Citicorp North America, Inc., as administrative agent and collateral agent, (ii) the
Slot, Gate and Route Security Agreement, dated as of May 23, 2013, between American Airlines, Inc. (as successor in interest to US Airways, Inc.), the other grantors party thereto from time to time and Citicorp North America, Inc., as
administrative agent and collateral agent, in each case, as amended, amended and restated, supplement or otherwise modified prior to the date hereof. 

“ABR” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing,
is bearing interest at a rate determined by reference to the Alternate Base Rate. 
 “Account” shall mean all
“accounts” as defined in the UCC, and all rights to payment for interest (other than with respect to debt and credit card receivables). 

“Account Collateral” shall have the meaning set forth in the General Security Agreement. 

“Account Control Agreements” shall mean (a) an Account Control Agreement in the form of Exhibit I hereto with such
changes as the Administrative Agent and the Borrower shall agree and (b) each other three-party security and control agreement entered into by any Grantor, the Collateral Agent and a financial institution
which maintains one or more deposit 

  
 2 

 
accounts or securities accounts that have been pledged to the Collateral Agent as Collateral hereunder or under any other Loan Document, in each case giving the Collateral Agent exclusive control
over the applicable account and in form and substance reasonably satisfactory to the Administrative Agent. 
 “Additional
Collateral” shall mean (a) cash or Cash Equivalents pledged to the Collateral Agent pursuant to the applicable Collateral Document, (b) Route Authorities, Slots and/or Gate Leaseholds pledged to the Collateral Agent pursuant to a
security agreement substantially in the form of the SGR Security Agreement (or in the case of the Borrower or another Grantor that has previously entered into such a security agreement, supplement(s) to the SGR Security Agreement or such security
agreement, as applicable, describing such Route Authorities, Slots and/or Gate Leaseholds designated in such supplement(s), (c) Slots and/or Gate Leaseholds pledged to the Collateral Agent pursuant to a security agreement that is usual and customary
for a pledge of assets of such types and reasonably acceptable to the Administrative Agent; provided that a security agreement that is substantially in the form of the Slot Security Agreement or another security agreement covering
substantially similar assets previously pledged as Collateral shall, in each case, be deemed reasonably acceptable by the Administrative Agent, except to the extent a change in law or circumstance relating to any applicable category of collateral
warrants a change in such security agreement, in the reasonable judgment of the Administrative Agent, (d) aircraft and engines pledged to a trustee as provided in Section 8.01(d) of this Agreement pursuant to Aircraft Security Agreement(s)
or supplement(s) thereto, (e) aircraft engines pledged to a trustee as provided in Section 8.01(d) of this Agreement pursuant to Spare Engine Security Agreement(s), supplement(s) thereto, or a security agreement substantially in the form
of the Spare Engine Security Agreement, (f) Spare Parts to the extent that (i) such Spare Parts do not constitute Core Collateral immediately prior to the time such Additional Collateral is added or (ii) such Spare Parts are owned by
a Grantor other than the Borrower or Parent, in each case, pledged pursuant to Spare Parts Security Agreement(s) or supplement(s) thereto, (g) Ground Service Equipment, Flight Simulators or QEC Kits pledged to the Collateral Agent pursuant to
General Security Agreement(s) or supplement(s) thereto, (h) or Real Property Assets pledged to the Collateral Agent pursuant to security agreement(s) (or mortgage(s) in the case of Real Property Assets) in a form reasonably satisfactory to the
Administrative Agent and (i) any other assets acceptable to the Required Lenders that may be appraised pursuant to an Appraisal of the type set forth in clause (6) of the definition thereof pledged to the Collateral Agent pursuant to
security agreement(s) or mortgage(s), as applicable, in a form reasonably satisfactory to the Administrative Agent. 

“Administrative Agent” shall have the meaning set forth in the preamble to this Agreement. 

“Administrative Agent Fee Letter” shall have the meaning set forth in Section 2.19. 

“Affiliate” shall mean, as to any specified Person, any other Person directly or indirectly controlling or controlled by or
under direct or indirect common control with such specified Person. For purposes of this definition, “control,” as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of such Person, whether through the ownership of voting securities, 

  
 3 

 
by agreement or otherwise. For purposes of this definition, the terms “controlling,” “controlled by” and “under common control with” have correlative meanings. No
Person (other than Parent or any Subsidiary of Parent) in whom a Receivables Subsidiary makes an Investment in connection with a Qualified Receivables Transaction will be deemed to be an Affiliate of Parent or any of its Subsidiaries solely by
reason of such Investment. A specified Person shall not be deemed to control another Person solely because such specified Person has the right to determine the aircraft flights operated by such other Person under a code sharing, capacity purchase or
similar agreement. 
 “Affiliate Transaction” shall have the meaning set forth in Section 6.05(a). 

“Agents” shall mean, collectively, the Administrative Agent and the Collateral Agent, and “Agent” shall mean
either one of them. 
 “Aggregate Exposure” shall mean, with respect to any Lender at any time, an amount equal to
(a) until the Closing Date, the aggregate amount of such Lender’s Commitments at such time and (b) thereafter, the sum of (i) the aggregate then outstanding principal amount of such Lender’s Term Loans and (ii) the
amount of such Lender’s Revolving Commitment then in effect or, if the Revolving Commitments have been terminated, the amount of such Lender’s Revolving Extensions of Credit then outstanding. 

“Aggregate Exposure Percentage” shall mean, with respect to any Lender at any time, the ratio (expressed as a percentage) of
such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time. 
 “Agreement”
shall mean this Amended and Restated Credit and Guaranty Agreement. 
 “Aircraft Related Equipment” shall mean aircraft
(including engines, airframes, propellers and appliances), engines, propellers, spare parts, aircraft parts, Flight Simulators and other training devices, QEC Kits, passenger loading bridges, other flight equipment or Ground Service Equipment. 

“Aircraft Security Agreement” shall mean (i) with respect to any aircraft (comprised of an airframe and its related
engines) that may be pledged by a Grantor as Additional Collateral or Qualified Replacement Assets after the date hereof, a security agreement substantially in the form of Exhibit J and (ii) with respect to any spare engine that may be
pledged by a Grantor as Additional Collateral or Qualified Replacement Assets after the date hereof, a spare engine security agreement based on the form of aircraft security agreement in Exhibit J but with (x) such changes to conform such
form of aircraft security agreement to the description of terms of the security agreement applicable to spare engines in Exhibit J and (y) such other changes proposed by the Borrower and reasonably acceptable to the Administrative Agent.

 “Airline/Parent Merger” shall mean the merger or consolidation, if any, of Parent with any Subsidiary of Parent. 

  
 4 

 “Airlines Merger” shall mean the merger, asset transfer, consolidation or any
similar transaction involving one or more airline Subsidiaries of Parent (including, without limitation, any such transaction that results in such Subsidiaries operating under a single operating certificate). 

“Airport Authority” shall mean any city or any public or private board or other body or organization chartered or otherwise
established for the purpose of administering, operating or managing an airport or related facilities. 
 “AISI” shall mean
Aircraft Information Services, Inc. 
 “All-In Initial Yield” shall mean with
respect to any Class, the initial yield on such Class payable or allocable to all Lenders as determined by the Administrative Agent to be equal to the sum of (x) the margin above the LIBO Rate on such Class, (y) the amount of any
original issue discount or upfront or non-recurring similar fees with respect to such Class payable by the Borrower to the Lenders of such Class in the primary syndication thereof (excluding, for the
avoidance of doubt, any arrangement, structuring, or other similar fees) (collectively, “OID,” with such OID being equated to interest based on an assumed four-year life to maturity) and (z) with respect to any Class of
Incremental Term Loans that contains an interest rate “floor” with respect to the LIBO Rate, the amount, if any, by which (1) such LIBO Rate floor exceeds (2) the LIBO Rate floor applicable to the Original Term Loans provided an
increase in such floor would cause an increase in the interest rate applicable to the Original Term Loans. 
 “Alternate Base
Rate” shall mean, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the sum of the Federal Funds Effective Rate in effect on such day plus 1/2 of 1% and (c) the sum of the
LIBO Rate for an Interest Period of one month in effect on such day plus 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the LIBO Rate for an Interest Period of one month shall be
effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the LIBO Rate for an Interest Period of one month, respectively. 

“AMR/US Airways Merger” shall mean the merger contemplated by the AMR/US Airways Merger Agreement. 

“AMR/US Airways Merger Agreement” shall mean the Agreement and Plan of Merger, dated as of February 13, 2013,
among Parent, AMR Merger Sub, Inc. and US Airways Group, Inc., as amended through December 9, 2013. 
 “Anti-Money Laundering
Laws” shall have the meaning set forth in Section 3.18. 

  
 5 

 “Applicable Margin” shall mean the rate per annum determined pursuant to the
following: 
  

					
	 Class of Loans
	  	Applicable Margin Eurodollar
Loans	 	Applicable Margin ABR
Loans
	 Class B Term Loans
	  	2.50%	 	1.50%
	 Revolving Loans
	  	N/A	 	N/A

 “Appraisal” shall mean (i) the Initial Appraisal and (ii) any other appraisal,
dated the date of delivery thereof, prepared by (a) with respect to any Route Authorities, Slots and/or Gate Leaseholds, at the Borrower’s option, MBA, ICF or PAC (provided that such appraiser must be independent) or any other appraiser
appointed by the Borrower and reasonably acceptable to the Administrative Agent, (b) with respect to Spare Parts, at the Borrower’s option, MBA, ICF, Sage or PAC (provided that such appraiser must be independent) or any other appraiser
appointed by the Borrower and reasonably acceptable to the Administrative Agent, (c) with respect to any aircraft, airframe or engine, at the Borrower’s option, any of MBA, ICF, Ascend, BK, AISI, AVITAS or PAC (provided that such appraiser
must be independent) or any other appraiser appointed by the Borrower and reasonably acceptable to the Administrative Agent, (d) with respect to Real Property Assets, CB Richard Ellis (provided that such appraiser must be independent) or any
other appraiser by the Borrower and reasonably acceptable to the Administrative Agent and (e) with respect to any other type of property, at the Borrower’s option, MBA, ICF, Sage or PAC (provided that such appraiser must be independent) or
any other appraiser appointed by the Borrower and reasonably acceptable to the Administrative Agent (in each case of any appraiser specified above in clauses (a), (b), (c), (d) and (e), including its successor). Any Appraisal with respect to:

 (1) FAA Slots pledged pursuant to the Slot Security Agreement or a security agreement substantially similar thereto, shall
have methodology, assumptions and form of presentation consistent in all material respects with the Initial Appraisal to the extent applicable; provided that, if any Appraisals from time to time are not prepared by the same firm of appraisers
as the Initial Appraisal, such Appraisals may, with the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed), have methodology, assumptions and form of presentation that differ from the Initial Appraisal if
such differences are deemed appropriate by such appraiser and consistent with such appraiser’s customary practice as of the date thereof; 

(2) Flight Simulators pledged pursuant to the General Security Agreement or a security agreement substantially similar thereto,
shall have methodology, assumptions and form of presentation consistent in all material respects with the Initial Appraisal; provided that, if any Appraisals from time to time are not prepared by the same firm of appraisers as the Initial
Appraisal, such Appraisals may, with the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed), have methodology, assumptions and form of presentation that differ from the Initial Appraisal if such differences
are deemed appropriate by such appraiser and consistent with such appraiser’s customary practice as of the date thereof; 

  
 6 

 (3) Spare Parts shall (A) determine the value only of the Pledged Spare
Parts that are identified by the Borrower to the Appraiser as being held at Spare Parts Locations as of a date no earlier than the date that is sixty (60) days prior to the date of such Appraisal and (B) have methodology, assumptions and
form of presentation consistent in all material respects with the Spare Parts Facility Appraisal, including that such Appraisal shall be a physical appraisal and not a desktop appraisal (provided that such Appraisal may use limited site inspections
consistent with the Spare Parts Facility Appraisal); provided that, if any Appraisals from time to time are not prepared by the same firm of appraisers as the Spare Parts Facility Appraisal, such Appraisals may, with the consent of the
Administrative Agent (such consent not to be unreasonably withheld), have methodology, assumptions and form of presentation that differ from the Spare Parts Facility Appraisal if such differences are deemed appropriate by such appraiser and
consistent with such appraiser’s customary practice as of the date thereof; 
 (4) Route Authorities, Slots and/or Gate
Leaseholds pledged pursuant to a security agreement that is substantially similar to the SGR Security Agreement (A) shall (i) be performed using a “discounted cash flow” methodology similar to that used in the Precedent SGR
Appraisal or deemed appropriate by such appraiser and consistent with such appraiser’s customary practice as of the date thereof, and in any case, shall present a matrix of appraised values based on “discount rates” and
“perpetuity growth rates” deemed appropriate by the applicable Appraiser, but shall include the use of a “discount rate” of 11.5% and a “perpetuity growth rate” of 1.5% and (ii) shall otherwise have assumptions and
a form of presentation deemed appropriate by the applicable Appraiser; provided that, with respect to all of the Scheduled Services between the United States and a particular country, the Appraised Value of the related Route Authorities,
Slots and Foreign Gate Leaseholds is a negative number, such Appraised Value shall be deemed to be zero); provided further that, such Appraisals may with the consent of the Administrative Agent (such consent not to be
unreasonably withheld) have methodology, assumptions and form of presentation that differ from the foregoing if such differences are deemed appropriate by such appraiser and consistent with such appraiser’s customary practice as in effect on
the date hereof and (B) to the extent such Appraisal is based on historical data provided by the Borrower, shall generally be based on such data that is current as of a date no earlier than the date that is six months prior to the date of the
delivery of such Appraisal; 
 (5) an aircraft, airframe or engines shall be a desktop appraisal of the current market value
of such aircraft, airframe or engine which does not include any inspection of such aircraft, airframe or engine or the related maintenance records and which assumes its maintenance status is half-life; or 

(6) Route Authorities, Slots and Gate Leaseholds for which an Appraisal is not described in clauses (1) or (4) above and
any other type of property shall be based upon a methodology and assumptions deemed appropriate by the applicable appraisal firm. 

“Appraised Value” shall mean, as of any date, (x) with respect to any cash pledged or being pledged at such time as
Collateral or maintained in the Collateral Proceeds 

  
 7 

 
Account, 160% of the face amount thereof, (y) with respect to any Cash Equivalents pledged or being pledged at such time as Collateral or maintained in the Collateral Proceeds Account,
160% of the fair market value thereof, as determined by the Administrative Agent in accordance with customary financial market practices determined no earlier than 45 days prior to such date and (z) with respect to any other type of
property, the value of such property, as reflected in the most recent Appraisal relating to such property delivered on or prior to such date (in the case of Route Authorities, Slots or Gate Leaseholds referred to in clause (4) of the definition
of “Appraisal”, subject to the first proviso in clause (A) of such clause (4), such value shall be determined using a “discount rate” of 11.5% and a “perpetuity growth rate of 1.5%); provided that with respect to
any Collateral consisting of property described in clause (z), (A) if no Appraisal relating to such Collateral has been delivered to the Administrative Agent prior to such date, the Appraised Value of such Collateral shall be deemed to be zero and
(B) if an Appraisal relating to such Collateral has been delivered to the Administrative Agent prior to such date, but no Appraisal relating to such Collateral has been delivered to the Administrative Agent by the last day of the previous
calendar year (such last day, the “Required Appraisal Date”) that immediately precedes such date, then the Appraised Value of such Collateral shall be deemed to be zero for the period from such Required Appraisal Date to the date an
Appraisal relating to such Collateral is delivered to the Administrative Agent. 
 “Approved Fund” shall have the meaning
set forth in Section 10.02(b). 
 “ARB Indebtedness” shall mean, with respect to Parent or any of its Subsidiaries,
without duplication, all Indebtedness or obligations of Parent or such Subsidiary created or arising with respect to any limited recourse revenue bonds issued for the purpose of financing or refinancing improvements to, or the construction or
acquisition of, airport and other related facilities and equipment, the use or construction of which qualifies and renders interest on such bonds exempt from certain federal or state taxes. 

“Ascend” shall mean Ascend Worldwide Limited. 

“Assignment and Acceptance” shall mean an assignment and acceptance entered into by a Lender and an assignee (with the
consent of any party whose consent is required by Section 10.02), and accepted by the Administrative Agent, substantially in the form of Exhibit F. 

“AVITAS” shall mean AVITAS, Inc. 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the
applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. 
 “Banking Product Obligations” shall mean, as applied to any Person, any direct or indirect
liability, contingent or otherwise, of such Person in respect of any treasury, depository and cash management services, netting services and automated clearing house transfers of funds 

  
 8 

 
services, including obligations for the payment of fees, interest, charges, expenses, attorneys’ fees and disbursements in connection therewith. Treasury, depository and cash management
services, netting services and automated clearing house transfers of funds services include, without limitation: corporate purchasing, fleet and travel credit card and prepaid card programs, electronic check processing, electronic receipt services,
lockbox services, cash consolidation, concentration, positioning and investing, fraud prevention services, and disbursement services. 

“Bankruptcy Code” shall mean The Bankruptcy Reform Act of 1978, as heretofore and hereafter amended, and codified as 11
U.S.C. Section 101 et seq. 
 “Bankruptcy Event” shall mean, with respect to any Person, such Person becomes the
subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed
for it, or has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment; provided that a Bankruptcy Event shall not result solely by virtue of any ownership
interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof; provided, further, that such ownership interest does not result in or provide such Person with immunity from
the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any
contracts or agreements made by such Person. 
 “Bankruptcy Law” shall mean the Bankruptcy Code or any similar federal or
state law for the relief of debtors. 
 “Beneficial Owner” shall have the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in
Section 13(d)(3) of the Exchange Act), such “person” will be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right
is currently exercisable or is exercisable only after the passage of time. 
 “BK” shall mean BK Associates, Inc. 

“Board” shall mean the Board of Governors of the Federal Reserve System of the United States. 

“Board of Directors” shall mean: 

(1) with respect to a corporation, the board of directors of the corporation or any committee thereof duly authorized to act on
behalf of such board; 
 (2) with respect to a partnership, the board of directors or other governing body of the general
partner of the partnership; 

  
 9 

 (3) with respect to a limited liability company, the managing member or members,
manager or managers or any controlling committee of managing members or managers thereof; and 
 (4) with respect to any
other Person, the board or committee of such Person serving a similar function. 
 “Borrower” shall have the meaning set
forth in the preamble to this Agreement. 
 “Borrower Release” shall mean the release of any Collateral from the Lien of
the applicable Collateral Document at the direction of the Borrower pursuant to Section 6.09(c). 
 “Borrowing” shall
mean the incurrence, conversion or continuation of Loans of a single Type made from all the Revolving Lenders or the Term Lenders, as the case may be, on a single date and having, in the case of Eurodollar Loans, a single Interest Period. 

“Borrowing Date” shall mean any Business Day specified in a notice pursuant to Sections 2.03 and 2.04 as a date on which
the Borrower requests the Lenders to make Loans hereunder or an Issuing Lender to issue Letters of Credit hereunder. 
 “Business
Day” shall mean any day other than a Saturday, Sunday or other day on which commercial banks in New York City are required or authorized to remain closed (and, for a Letter of Credit, other than a day on which the Issuing Lender issuing
such Letter of Credit is closed); provided, however, that when used in connection with the borrowing or repayment of a Eurodollar Loan, the term “Business Day” shall also exclude any day on which banks are not open for
dealings in Dollar deposits on the London interbank market. 
 “Capital Lease Obligation” shall mean, at the time any
determination is to be made, the amount of the liability in respect of a lease that would at that time be required to be capitalized and reflected as a liability on a balance sheet prepared in accordance with GAAP, and the Stated Maturity thereof
shall be the date of the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be prepaid by the lessee without payment of a penalty. 

“Capital Markets Offering” shall mean any offering of “securities” (as defined under the Securities Act and,
including, for the avoidance of doubt, any offering of pass-through certificates by any pass-through trust established by the Parent or any of its Restricted Subsidiaries) in (a) a public offering registered under the Securities Act, or
(b) an offering not required to be registered under the Securities Act (including, without limitation, a private placement under Section 4(2) of the Securities Act, an exempt offering pursuant to Rule 144A and/or Regulation S of the
Securities Act and an offering of exempt securities). 
 “Capital Stock” shall mean: 

(1) in the case of a corporation, corporate stock; 

  
 10 

 (2) in the case of an association or business entity, any and all shares,
interests, participations, rights or other equivalents (however designated) of corporate stock; 
 (3) in the case of a
partnership or limited liability company, partnership interests (whether general or limited) or membership interests; and 

(4) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or
distributions of assets of, the issuing Person, 
 but excluding from all of the foregoing clauses (1) through (4) any debt securities convertible into
Capital Stock, whether or not such debt securities include any right of participation with Capital Stock. 
 “Cash
Collateralization” or “Cash Collateralize” shall have the meaning set forth in Section 2.02(j). The terms “Cash Collateralized,” “Cash Collateralizes” and “Cash
Collateralizing” shall have correlative meanings. 
 “Cash Equivalents” shall mean, as of the date acquired,
purchased or made, as applicable: 
 (1) marketable securities or other obligations (a) issued or directly and
unconditionally guaranteed as to interest and principal by the United States government or (b) issued or unconditionally guaranteed as to interest and principal by any agency or instrumentality of the United States the obligations of which are
backed by the full faith and credit of the United States, in each case maturing within three years after such date; 
 (2)
direct obligations issued by any state of the United States or any political subdivision of any such state or any instrumentality thereof, in each case maturing within three years after such date and having a rating of at least A- (or the equivalent thereof) from S&P or A3 (or the equivalent thereof) from Moody’s; 

(3) obligations of domestic or foreign companies and their subsidiaries (including, without limitation, agencies, sponsored
enterprises or instrumentalities chartered by an Act of Congress, which are not backed by the full faith and credit of the United States), including, without limitation, bills, notes, bonds, debentures, and
mortgage-backed securities; provided that, in each case, the security has a maturity or weighted average life of three years or less from such date; 

(4) investments in commercial paper maturing no more than one year after such date and having, on such date, a rating of at
least A-2 from S&P or at least P-2 from Moody’s; 

(5) certificates of deposit (including investments made through an intermediary, such as the certificated deposit account
registry service), bankers’ acceptances, time deposits, Eurodollar time deposits and overnight bank deposits maturing within three years from such date and issued or guaranteed by or placed with,

  
 11 

 
and any money market deposit accounts issued or offered by, any Lender or by any commercial bank organized under the laws of the United States or any state thereof or the District of Columbia
that has a combined capital and surplus and undivided profits of not less than $250,000,000; 
 (6) fully collateralized
repurchase agreements with counterparties whose long term debt is rated not less than A- by S&P and A3 by Moody’s and with a term of not more than six months from such date; 

(7) Investments in money in an investment company registered under the Investment Company Act of 1940, as amended, or in pooled
accounts or funds offered through mutual funds, investment advisors, banks and brokerage houses which invest its assets in obligations of the type described in clauses (1) through (6) above, in each case, as of such date, including, but
not be limited to, money market funds or short-term and intermediate bonds funds; 

(8) shares of any money market mutual fund that, as of such date, (a) complies with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, as amended and (b) is rated AAA (or the equivalent thereof) by S&P and Aaa (or the equivalent thereof) by Moody’s; 

(9) auction rate preferred securities that, as of such date, have the highest rating obtainable from either S&P or
Moody’s and with a maximum reset date at least every 30 days; 
 (10) investments made pursuant to the Borrower’s
or any of its Restricted Subsidiaries’ cash equivalents/short term investment guidelines; 
 (11) deposits available for
withdrawal on demand with commercial banks organized in the United States having capital and surplus in excess of $100,000,000; 

(12) securities with maturities of three years or less from such date issued or fully guaranteed by any state, commonwealth or
territory of the United States, by any political subdivision or taxing authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing
authority or foreign government (as the case may be) are rated at least A by S&P or A2 by Moody’s; and 
 (13) any
other securities or pools of securities that are classified under GAAP as cash equivalents or short-term investments on a balance sheet as of such date. 

“Certificate Delivery Date” shall have the meaning set forth in Section 6.09(a). 

“Change in Law” shall mean, after the date hereof, (a) the adoption of any law, rule or regulation after the date of
this Agreement (including any request, rule, regulation, guideline, requirement or directive promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United
States or foreign regulatory authorities, in each case pursuant to Basel II or Basel III) or 

  
 12 

 
(b) compliance by any Lender or Issuing Lender (or, for purposes of Section 2.14(b), by any lending office of such Lender or Issuing Lender through which Loans and/or Letters of Credit are
issued or maintained or by such Lender’s or Issuing Lender’s holding company, if any) with any request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the date of this
Agreement. 
 “Change of Control” shall mean the occurrence of any of the following: 

(1) the sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of
related transactions, of all or substantially all of the properties or assets of Parent and its Subsidiaries taken as a whole, or the Borrower and its Subsidiaries taken as a whole, to any Person (including any “person” (as that term is
used in Section 13(d)(3) of the Exchange Act)) (other than Parent or any of its Subsidiaries); or 
 (2) the
consummation of any transaction (including, without limitation, any merger or consolidation, the result of which is that any Person (including any “person” (as defined above)) becomes the Beneficial Owner, directly or indirectly, of more
than 50% of the Voting Stock of Parent (measured by voting power rather than number of shares), other than, in the case of clause (1) above or this clause (2), (A) any such transaction where the Voting Stock of Parent (measured by voting power
rather than number of shares) outstanding immediately prior to such transaction constitutes or is converted into or exchanged for a majority of the outstanding shares of the Voting Stock of such Person or Beneficial Owner (measured by voting power
rather than number of shares) or (B) any sale, transfer, conveyance or other disposition to, or any merger or consolidation of Parent with or into any Person (including any “person” (as defined above)) which owns or operates (directly
or indirectly through a contractual arrangement) a Permitted Business (a “Permitted Person”) or a Subsidiary of a Permitted Person, in each case under this clause (B), if immediately after such transaction no Person (including any
“person” (as defined above)) is the Beneficial Owner, directly or indirectly, of more than 50% of the total Voting Stock of such Permitted Person (measured by voting power rather than number of shares). 

For the avoidance of doubt, any Airline/Parent Merger and any Airlines Merger will not be a Change of Control under this Agreement. 

“Class,” when used in reference to any Loan or Borrowing, shall refer to whether such Loan, or the Loans comprising such
Borrowing, are Revolving Loans, Class B Term Loans or Incremental Term Loans that are not Class B Term Loans or other tranche or sub-tranche of Term Loans or Revolving Loans and, when used in
reference to any Commitment, refers to whether such Commitment is a Revolving Commitment or a Term Loan Commitment. In addition, any extended tranche of Term Loans or Revolving Commitments shall constitute a Class of Loans separate from which
they were converted. Notwithstanding anything to the contrary, any Loans or Revolving Commitments having the exact same terms and conditions shall be deemed a part of the same Class. 

“Class B Term Loans” shall have the meaning set forth in Section 2.01(b). 

  
 13 

 “Closing Date” shall mean December 15, 2016. 

“Closing Date Transactions” shall mean the Transactions other than (x) the borrowing of Loans after the Closing Date and
the use of the proceeds thereof and (y) the request for and issuance of Letters of Credit hereunder after the Closing Date. 

“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 

“Collateral” shall mean (i) the assets and properties of the Grantors upon which Liens have been granted to the
Collateral Agent to secure the Obligations including, without limitation, any Qualified Replacement Assets, Additional Collateral and all of the “Collateral” as defined in the Collateral Documents, but excluding all such assets and
properties released from such Liens pursuant to the applicable Collateral Document and (ii) each of the Letter of Credit Account and the Collateral Proceeds Account, together with all amounts on deposit therein and all proceeds thereof. 

“Collateral Agent” shall have the meaning set forth in the preamble to this Agreement (and, as specified in
Section 1.02(b), shall include any successor). 
 “Collateral Coverage Failure” shall mean either (i) a
Collateral Coverage Ratio Failure or (ii) a Core Collateral Failure. 
 “Collateral Coverage Ratio” shall mean, as of
any date of determination, the ratio of (i) (A) on any date of determination on or prior to the 180th day following the Closing Date, the sum of (x) the Appraised Value of the Collateral (other than the Specified Real Property Assets) with
respect to such date of determination and (y) the Appraised Value of the Specified Real Property Assets as of the Closing Date and (B) on any date of determination following the 180th day following the Closing Date, the Appraised Value of
the Collateral with respect to such date of determination to (ii) the sum, without duplication, of (w) the Total Revolving Extensions of Credit then outstanding (other than LC Exposure that has been Cash Collateralized in accordance with
Section 2.02(j)), plus (x) the aggregate principal amount of all Term Loans then outstanding, plus (y) the aggregate principal amount of all Pari Passu Senior Secured Debt then outstanding plus (z) the aggregate amount of all
Designated Hedging Obligations and Designated Banking Product Obligations that constitute “Obligations” then outstanding (such sum, the “Total Obligations”). 

“Collateral Coverage Ratio Certificate” shall mean an Officer’s Certificate calculating the Collateral Coverage Ratio
substantially in the form of Exhibit L hereto. 
 “Collateral Coverage Ratio Failure” shall mean, as of any date of
determination, the failure of the Collateral Coverage Ratio as of such date to be at least equal to 1.6 to 1.0. 
 “Collateral
Documents” shall mean, collectively, the Slot Security Agreement, any SGR Security Agreement, the General Security Agreement, any Spare Parts Security Agreement, any Aircraft Security Agreement, any Spare Engines Security Agreement, any
Account Control Agreement(s), any Intercreditor Agreement (on and after the execution thereof), any Other Intercreditor Agreement (on and after the execution thereof) and other agreements, 

  
 14 

 
instruments or documents that create or purport to create a Lien in favor of the Collateral Agent for the benefit of the Secured Parties, in each case so long as such agreement, instrument or
document shall not have been terminated in accordance with its terms. 
 “Collateral Proceeds Account” shall mean a
segregated account or accounts held by or under the control of the Collateral Agent into which the Net Proceeds of any Recovery Event or Disposition of Collateral may be deposited in accordance with the provisions of this Agreement. 

“Commitment” shall mean, as to any Lender, the sum of the Revolving Commitment, if any, and the Term Loan Commitment, if any,
of such Lender, it being understood that the “Term Loan Commitment” of a Lender shall remain in effect until the Term Loans have been funded in full in accordance with this Agreement. 

“Commitment Fee” shall have the meaning given to such term in Section 2.20(a). 

“Commitment Fee Rate” shall be agreed between the Borrower and the Revolving Lenders. 

“Commodity Exchange Act” shall mean the Commodity Exchange Act (7 U.S.C. §1 et seq.), as amended from time to time, and
any successor statute. 
 “Commuter Slot” shall mean any FAA Slot allocated by the FAA as a commuter slot under Title 14 of
the United States Code of Federal Regulations, part 93, Subparts K and S (as amended from time to time by regulation, order or statute, or any successor or recodified regulation, order or statute imposing any operating limitations at the applicable
airport). 
 “Consolidated EBITDAR” shall mean, with respect to any specified Person for any period, the Consolidated Net
Income of such Person for such period plus, without duplication: 
 (1) an amount equal to any extraordinary loss plus any
net loss realized by such Person or any of its Restricted Subsidiaries in connection with any Disposition of assets, to the extent such losses were deducted in computing such Consolidated Net Income; plus 

(2) provision for taxes based on income or profits of such Person and its Restricted Subsidiaries, to the extent that such
provision for taxes was deducted in computing such Consolidated Net Income; plus 
 (3) the Fixed Charges of such Person and
its Restricted Subsidiaries, to the extent that such Fixed Charges were deducted in computing such Consolidated Net Income; plus 

(4) any foreign currency translation losses (including losses related to currency remeasurements of Indebtedness) of such
Person and its Restricted Subsidiaries for such period, to the extent that such losses were deducted in computing such Consolidated Net Income; plus 

  
 15 

 (5) depreciation, amortization (including amortization of intangibles but
excluding amortization of prepaid cash expenses that were paid in a prior period) and other non-cash charges and expenses (excluding any such non-cash charge or expense
to the extent that it represents an accrual of or reserve for cash charges or expenses in any future period or amortization of a prepaid cash charge or expense that was paid in a prior period) of such Person and its Restricted Subsidiaries to the
extent that such depreciation, amortization and other non-cash charges or expenses were deducted in computing such Consolidated Net Income; plus 

(6) the amortization of debt discount to the extent that such amortization was deducted in computing such Consolidated Net
Income; plus 
 (7) deductions for grants to any employee of Parent or its Restricted Subsidiaries of any Equity Interests
during such period to the extent deducted in computing such Consolidated Net Income; plus 
 (8) any net loss arising from
the sale, exchange or other disposition of capital assets by Parent or its Restricted Subsidiaries (including any fixed assets, whether tangible or intangible, all inventory sold in conjunction with the disposition of fixed assets and all
securities) to the extent such loss was deducted in computing such Consolidated Net Income; plus 
 (9) any losses arising
under fuel hedging arrangements entered into prior to the Closing Date and any losses actually realized under fuel hedging arrangements entered into after the Closing Date, in each case to the extent deducted in computing such Consolidated Net
Income; plus 
 (10) proceeds from business interruption insurance for such period, to the extent not already included in
computing such Consolidated Net Income; plus 
 (11) any expenses and charges that are covered by indemnification or
reimbursement provisions in connection with any permitted acquisition, merger (including the AMR/US Airways Merger, any Airlines Merger or any Airline/Parent Merger), disposition, incurrence of Indebtedness, issuance of Equity Interests or any
investment to the extent (a) actually indemnified or reimbursed and (b) deducted in computing such Consolidated Net Income; plus 

(12) non-cash items, other than the accrual of revenue in the Ordinary Course of
Business, to the extent such amount increased such Consolidated Net Income; minus 
 (13) the sum of (A) income tax
credits and (B) interest income included in computing such Consolidated Net Income; 
 in each case, determined on a consolidated basis in accordance
with GAAP. 

  
 16 

 “Consolidated Net Income” shall mean, with respect to any specified Person for
any period, the aggregate of the net income (or loss) of such Person and its Restricted Subsidiaries for such period, on a consolidated basis (excluding the net income (loss) of any Unrestricted Subsidiary of such Person), determined in accordance
with GAAP and without any reduction in respect of preferred stock dividends; provided that: 
 (1) all
(a) extraordinary, nonrecurring, special or unusual gains and losses or income or expenses, including, without limitation, any expenses related to a facilities closing and any reconstruction, recommissioning or reconfiguration of fixed assets
for alternate uses; any severance or relocation expenses; executive recruiting costs; restructuring or reorganization costs (whether incurred before or after the effective date of any applicable reorganization plan, including, the AMR/US Airways
Merger and Parent’s reorganization plan); curtailments or modifications to pension and post-retirement employee benefit plans; (b) any expenses (including, without limitation, transaction costs,
integration or transition costs, financial advisory fees, accounting fees, legal fees and other similar advisory and consulting fees and related out-of-pocket expenses),
cost-savings, costs or charges incurred in connection with any issuance of securities (including the notes), Permitted Investments, acquisitions, dispositions, recapitalizations or incurrences or repayments of
Indebtedness permitted hereunder, including a refinancing thereof (in each case whether or not successful) (including but not limited to any one or more of the AMR/US Airways Merger, any Airlines Merger and any Airline/Parent Merger) and
(c) gains and losses realized in connection with any sale of assets, the disposition of securities, the early extinguishment of Indebtedness or associated with Hedging Obligations, together with any related provision for taxes on any such gain,
will be excluded; 
 (2) the net income (but not loss) of any Person that is not the specified Person or a Restricted
Subsidiary or that is accounted for by the equity method of accounting will be included for such period only to the extent of the amount of dividends or similar distributions paid in cash to the specified Person or Restricted Subsidiary of the
specified Person; 
 (3) the net income (but not loss) of any Restricted Subsidiary will be excluded to the extent that the
declaration or payment of dividends or similar distributions by that Restricted Subsidiary of that net income is not at the date of determination permitted without any prior governmental approval (that has not been obtained) or, directly or
indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Restricted Subsidiary or its stockholders; 

(4) the cumulative effect of a change in accounting principles on such Person will be excluded; 

(5) the effect of non-cash gains and losses of such Person resulting from Hedging
Obligations, including attributable to movement in the mark-to-market valuation of Hedging Obligations pursuant to Financial Accounting Standards Board Statement
No. 133 will be excluded; 

  
 17 

 (6) any non-cash compensation expense
recorded from grants by such Person of stock appreciation or similar rights, stock options or other rights to officers, directors or employees, will be excluded; 

(7) the effect on such Person of any non-cash items resulting from any write-up, write-down or write-off of assets (including intangible assets, goodwill and deferred financing costs) in connection with any
acquisition, disposition, merger, consolidation or similar transaction (including but not limited to any one or more of the AMR/US Airways Merger, any Airlines Merger and any Airline/Parent Merger) or any other
non-cash impairment charges incurred subsequent to the Closing Date resulting from the application of Financial Accounting Standards Board Accounting Standards Codifications 205—Presentation of Financial
Statements, 350—Intangibles—Goodwill and Other, 360—Property, Plant and Equipment and 805—Business Combinations (excluding any such non-cash item to the extent that it represents an accrual
of or reserve for cash expenditures in any future period except to the extent such item is subsequently reversed), will be excluded; 

(8) any provision for income tax reflected on such Person’s financial statements for such period will be excluded to the
extent such provision exceeds the actual amount of taxes paid in cash during such period by such Person and its consolidated Subsidiaries; and 

(9) any amortization of deferred charges resulting from the application of Financial Accounting Standards Board Accounting
Standards Codifications 470-20 Debt With Conversion and Other Options that may be settled in cash upon conversion (including partial cash settlement) will be excluded. 

“Consolidated Tangible Assets” shall mean, as of any date of determination, Consolidated Total Assets of Parent and its
consolidated Restricted Subsidiaries excluding goodwill, patents, trade names, trademarks, copyrights, franchises and any other assets properly classified as intangible assets, in accordance with GAAP. 

“Consolidated Total Assets” shall mean, as of any date of determination, the sum of the amounts that would appear on a
consolidated balance sheet of Parent and its consolidated Restricted Subsidiaries as the total assets of Parent and its Restricted Subsidiaries in accordance with GAAP. 

“Convertible Indebtedness” shall mean Indebtedness of Parent or a Restricted Subsidiary of Parent permitted to be incurred
under the terms of this Agreement that is either (a) convertible or exchangeable into common stock of Parent (and cash in lieu of fractional shares) and/or cash (in an amount determined by reference to the price of such common stock) or
(b) sold as units with call options, warrants or rights to purchase (or substantially equivalent derivative transactions) that are exercisable for common stock of Parent or a parent company of the issuer and/or cash (in an amount determined by
reference to the price of such common stock). 

  
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 “Converting 2013 Lender” means each “Lender” under the 2013 Loan
Agreement that has executed and delivered to the Administrative Agent a Tranche B1 Participation Notice and elected the “Cashless Settlement Option”. 

“Core Collateral” shall mean any of the following categories of assets, in each case, for which Appraisals have been
delivered to the Administrative Agent pursuant to this Agreement: 
 (a) all of the Spare Parts owned by the Borrower other than Spare Parts
of the Borrower with an aggregate System Value less than or equal to $100 million; 
 (b) a number of FAA Slots (other than any
Temporary Slots) held by the Borrower at DCA that is not less than the sum of (1) the product of (I) 66% and (II) the total number of FAA Slots (other than any Temporary Slots) that are Mainline Slots held by the Borrower at DCA and
(2) the product of (I) 66% and (II) the total number of FAA Slots (other than any Temporary Slots) that are Commuter Slots held by the Borrower at DCA, in each case, as of the Closing Date based on an Officer’s Certificate of the
Borrower delivered to the Administrative Agent on the Closing Date or such later time as the Administrative Agent may agree; 
 (c) a number
of FAA Slots (other than any Temporary Slots) held by the Borrower at LGA that is not less than the product of (I) 66% and (II) the total number of FAA Slots (other than any Temporary Slots) held by the Borrower at LGA as of the Closing Date
based on an Officer’s Certificate of the Borrower delivered to the Administrative Agent on the Closing Date or such later time as the Administrative Agent may agree; 

(d) a number of FAA Slots (other than any Temporary Slots) held by the Borrower at JFK that is not less than to the product of (I) 66% and
(II) the total number of FAA Slots (other than any Temporary Slots) held by the Borrower at JFK as of the Closing Date based on an Officer’s Certificate of the Borrower delivered to the Administrative Agent on the Closing Date or such
later time as the Administrative Agent may agree; 
 (e) (1) a number of Foreign Slots (other than any Temporary Slots) of the Borrower
at airports in Asia that is not less than the product of (I) 90% and (II) the total number of Foreign Slots (other than any Temporary Slots) of the Borrower used in any non-stop scheduled service of the
Borrower between airports in the United States and airports in Asia and (2) all of the Route Authorities and Foreign Gate Leaseholds (other than Foreign Gate Leaseholds subject to Transfer Restrictions of the type specified in clause (1)(x) of
the proviso to Section 1 of the SGR Security Agreement) of the Borrower used in any non-stop scheduled service of the Borrower between airports in the United States and airports in Asia; 

(f) (1) a number of Foreign Slots (other than any Temporary Slots) of the Borrower at airports in South America that is not less than the
product of (I) 90% and (II) the total number of Foreign Slots (other than any Temporary Slots) of the Borrower used in any non-stop scheduled service of the Borrower between airports in the United States
and airports in South America and (2) all of the Route Authorities and Foreign Gate Leaseholds (other than Foreign Gate Leaseholds subject to Transfer Restrictions of the type specified in clause (1)(x) of

  
 19 

 
the proviso to Section 1 of the SGR Security Agreement) of the Borrower used in any non-stop scheduled service of the Borrower between airports in the
United States and airports in South America; 
 (g) (1) a number of Foreign Slots (other than any Temporary Slots) of the Borrower at
airports in Central America and Mexico that is not less than the product of (I) 90% and (II) the total number of Foreign Slots (other than any Temporary Slots) of the Borrower used in any non-stop
scheduled service of the Borrower between airports in the United States and airports in Central America and Mexico and (2) all of the Route Authorities and Foreign Gate Leaseholds (other than Foreign Gate Leaseholds subject to Transfer
Restrictions of the type specified in clause (1)(x) of the proviso to Section 1 of the SGR Security Agreement) of the Borrower used in any non-stop scheduled service of the Borrower between airports in
the United States and airports in Central America and Mexico; 
 (h) a number of Foreign Slots (other than any Temporary Slots) of the
Borrower at LHR that is not less than the product of (I) 66% and (II) (x) during the IATA summer season, the total number of IATA summer season Foreign Slots (other than any Temporary Slots) of the Borrower at LHR that are IATA summer season
Foreign Slots used in any non-stop scheduled service of the Borrower between airports in the United States and LHR or (y) during the IATA winter season, the total number of IATA winter season Foreign
Slots (other than any Temporary Slots) of the Borrower at LHR that are IATA winter season Foreign Slots used in any non-stop scheduled service of the Borrower between airports in the United States and LHR, in
each case as of the Closing Date based on an Officer’s Certificate of the Borrower delivered to the Administrative Agent on the Closing Date or such later time as the Administrative Agent may agree; or 

(i) any Airbus A320 NEO family aircraft, Airbus 320 family aircraft, Airbus A330 family aircraft, Airbus A350 family aircraft, Boeing 737 NG
family aircraft, Boeing 737 MAX family aircraft, Boeing 777 family aircraft, Boeing 787 family aircraft and/or any engines, or any combination of the foregoing assets, in each case, the Appraised Value of which is not less than the product of (i)
20% and (ii) of the product of (x) 1.6 and (y) the Total Obligations as of any date of determination; provided, that all such aircraft or engines are of the type described in Section 1110 of the Bankruptcy Code or any analogous
successor provision of the Bankruptcy Code. 
 “Core Collateral Failure” shall mean, as of any date of determination, the
failure of the Collateral to include at least one category of Core Collateral as of such date. 
 “Credit Facilities” shall
mean, one or more debt facilities, commercial paper facilities, reimbursement agreements or other agreements (other than the Loan Documents) providing for the extension of credit, or securities purchase agreements, indentures or similar agreements,
whether secured or unsecured, in each case, with banks, insurance companies, financial institutions or other lenders or investors providing for, or acting as initial purchasers of, revolving credit loans, term loans, receivables financing (including
through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables), letters of credit, surety bonds, insurance products or the issuance and sale of securities, in each case, as
amended, restated, modified, renewed, extended, refunded, replaced in any manner (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt securities) in whole or in part from time to time. 

  
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 “DCA” shall mean Ronald Reagan Washington National Airport, Washington D.C. 

“Default” shall mean any event that, unless cured or waived, is, or with the passage of time or the giving of notice or both
would be, an Event of Default. 
 “Defaulting Lender” shall mean, at any time, subject to Section 2.26(i), (a) any
Lender (including any Agent in its capacity as Lender) that has failed, within two (2) Business Days from the date required to be funded or paid by it hereunder, to fund or pay (x) any portion of the Revolving Loans, (y) any portion
of the participations in any Letter of Credit required to be funded hereunder or (z) any other amount required to be paid by it hereunder to the Administrative Agent, any Issuing Lender or any other Lender (or its banking Affiliates),
(b) any Lender (including any Agent in its capacity as Lender) that has notified the Borrower, the Administrative Agent, any Issuing Lender or any other Lender or has made a public statement, in each case, verbally or in writing and has not
rescinded such notice or publication, to the effect, that it does not intend or expect to comply with any of its funding obligations (i) under this Agreement (unless such notification or public statement relates to such Lender’s obligation
to fund a Borrowing hereunder and states that such position is based on such Lender’s determination that a condition to funding (which condition, together with any applicable default, shall be specifically identified in such writing or public
statement) cannot be satisfied) or (ii) generally under other agreements in which it commits to extend credit, (c) any Lender (including any Agent in its capacity as Lender), that has failed, within three (3) Business Days after
request by the Administrative Agent, any Issuing Lender, any other Lender or the Borrower, acting in good faith, to provide a confirmation in writing from an authorized officer or other authorized representative of such Lender that it will comply
with its obligations (and is financially able to meet such obligations) to fund prospective Loans and participations in then outstanding Letters of Credit under this Agreement; provided that such Lender shall cease to be a Defaulting Lender
pursuant to this clause (c) upon the Administrative Agent’s, such Issuing Lender’s, such other Lender’s or the Borrower’s, as applicable, receipt of such confirmation in form and substance satisfactory to the Administrative
Agent and the Borrowers or (d) any Agent or any Lender that has become, or has had its Parent Company become, the subject of a Bankruptcy Event; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or
acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts
within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender.
Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any of clauses (a) through (d) above will be conclusive and binding absent manifest error, and such Lender will be deemed to be a Defaulting Lender
(subject to Section 2.26(i)) upon notification of such determination by the Administrative Agent to the Borrower and the Lenders. 

  
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 “Designated Banking Product Agreement” shall mean any agreement evidencing
Designated Banking Product Obligations entered into by Parent or the Borrower and any Person that, at the time such Person entered into such agreement, was a Revolving Lender or a banking Affiliate of a Revolving Lender, in each case designated by
the relevant Lender and Parent or the Borrower, by written notice to the Administrative Agent, as a “Designated Banking Product Agreement”; provided that, so long as any Revolving Lender is a Defaulting Lender, such Revolving Lender
shall not have any rights hereunder with respect to any Designated Banking Product Agreement entered into while such Revolving Lender was a Defaulting Lender. 

“Designated Banking Product Obligations” shall mean any Banking Product Obligations, in each case as designated by any
Revolving Lender (or a banking Affiliate thereof) and Parent or the Borrower from time to time and agreed to by the Administrative Agent as constituting “Designated Banking Product Obligations,” which notice shall include (i) a copy
of an agreement providing an agreed-upon maximum amount of Designated Banking Product Obligations that can be included as Obligations, and (ii) the acknowledgment of such Revolving Lender (or such banking
Affiliate) that its security interest in the Collateral securing such Designated Banking Product Obligations shall be subject to the Loan Documents; provided that, after giving effect to such designation, the aggregate agreed-upon maximum amount of all “Designated Banking Product Obligations” included as Obligations, together with the aggregate agreed-upon maximum amount of all
“Designated Hedging Obligations” included as Obligations, shall not exceed $100,000,000 in the aggregate. 
 “Designated
Hedging Agreement” shall mean any Hedging Agreement entered into by Parent or the Borrower and any Person that, at the time such Person entered into such Hedging Agreement, was a Revolving Lender or an Affiliate of a Revolving Lender, as
designated by the relevant Lender (or Affiliate of a Lender) and Parent or the Borrower, by written notice to the Administrative Agent, as a “Designated Hedging Agreement,” which notice shall include a copy of an agreement providing for
(i) a methodology agreed to by Parent or the Borrower, such Revolving Lender or Affiliate of a Revolving Lender, and the Administrative Agent for reporting the outstanding amount of Designated Hedging Obligations under such Designated Hedging
Agreement from time to time, (ii) an agreed-upon maximum amount of Designated Hedging Obligations under such Designated Hedging Agreement that can be included as Obligations and (iii) the
acknowledgment of such Revolving Lender or Affiliate of a Revolving Lender that its security interest in the Collateral securing such Designated Hedging Obligations shall be subject to the Loan Documents; provided that, after giving effect to
such designation, the aggregate agreed-upon maximum amount of all “Designated Hedging Obligations” included as Obligations, together with the aggregate
agreed-upon maximum amount of all “Designated Banking Product Obligations” included as Obligations, shall not exceed $100,000,000 in the aggregate; provided, further, that so long as
any Revolving Lender is a Defaulting Lender, such Revolving Lender shall not have any rights hereunder with respect to any Designated Hedging Agreement entered into while such Revolving Lender was a Defaulting Lender. 

“Designated Hedging Obligations” shall mean, as applied to any Person, all Hedging Obligations of such Person under
Designated Hedging Agreements after taking into account the effect of any legally enforceable netting arrangements included in such Designated Hedging Agreements; it being understood and agreed that, on any date of determination, the

  
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amount of such Hedging Obligations under any Designated Hedging Agreement shall be determined based upon the “settlement amount” (or similar term) as defined under such Designated
Hedging Agreement or, with respect to a Designated Hedging Agreement that has been terminated in accordance with its terms, the amount then due and payable (exclusive of expenses and similar payments but including any termination payments then due
and payable) under such Designated Hedging Agreement. 
 “Disposition” shall mean, with respect to any property, any sale,
lease, sale and leaseback, conveyance, transfer or other disposition thereof; provided, that none of the circumstances described in the last sentence of Section 6.04 shall constitute a “Disposition”. The terms “Dispose” and
“Disposed of” shall have correlative meanings. 
 “Disqualified Institution” shall mean (a) any Person
identified in writing to the Joint Lead Arrangers and Bookrunners on or prior to the Closing Date and (b) any Person that is or becomes a competitor of the Borrower and is designated by the Borrower as such in a writing provided to the
Administrative Agent after the Closing Date. 
 “Disqualified Stock” shall mean any Capital Stock that, by its terms (or by
the terms of any security into which it is convertible, or for which it is exchangeable, in each case at the option of the holder of the Capital Stock), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking
fund obligation or otherwise (other than as a result of a change of control or asset sale), is convertible or exchangeable for Indebtedness or Disqualified Stock, or is redeemable at the option of the holder of the Capital Stock, in whole or in part
(other than as a result of a change of control or asset sale), on or prior to the date that is 91 days after the Term Loan Maturity Date. Notwithstanding the preceding sentence, any Capital Stock that would constitute Disqualified Stock solely
because the holders of the Capital Stock have the right to require Parent or any of its Restricted Subsidiaries to repurchase such Capital Stock upon the occurrence of a change of control or an asset sale will not constitute Disqualified Stock if
the terms of such Capital Stock provide that Parent or such Restricted Subsidiary may not repurchase or redeem any such Capital Stock pursuant to such provisions unless such repurchase or redemption complies with Section 6.01. The amount of
Disqualified Stock deemed to be outstanding at any time for purposes of this Agreement will be the maximum amount that Parent and its Restricted Subsidiaries may become obligated to pay upon the maturity of, or pursuant to any mandatory redemption
provisions of, such Disqualified Stock, exclusive of accrued dividends. For the avoidance of doubt, the preferred stock issued to the creditors of Parent pursuant to Parent’s plan of reorganization, as amended, does not constitute Disqualified
Stock. 
 “Documentation Agents” shall have the meaning set forth in the preamble to this Agreement. 

“Dollars” and “$” shall mean lawful money of the United States. 

“Domestic Subsidiary” shall mean any Restricted Subsidiary of Parent that was formed under the laws of the United States or
any state of the United States or the District of Columbia other than (i) any Restricted Subsidiary substantially all of the assets of which are equity interests in one or more Foreign Subsidiaries, intellectual property relating to such
Foreign Subsidiaries and other assets (including cash and Cash Equivalents) relating to an ownership interest in such Foreign Subsidiaries and (ii) any Subsidiary of a Foreign Subsidiary. 

  
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 “DOT” shall mean the United States Department of Transportation and any
successor thereto. 
 “Dutch Auction” shall mean an auction of Term Loans conducted pursuant to Section 10.02(g) to
allow the Borrower to purchase Term Loans at a discount to par value and on a non-pro rata basis, in each case in accordance with the applicable Dutch Auction Procedures. 

“Dutch Auction Procedures” shall mean, with respect to a purchase of Term Loans by the Borrower pursuant to
Section 10.02(g), Dutch auction procedures to be reasonably agreed upon by the Borrower and the Administrative Agent in connection with any such purchase. 

“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country
which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution
established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative
authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Eligible Assignee” shall mean (a) a commercial bank having total assets in excess of $1,000,000,000, (b) a finance
company, insurance company or other financial institution or fund, in each case reasonably acceptable to the Administrative Agent, which in the ordinary course of business extends credit of the type contemplated herein or invests therein and has
total assets in excess of $200,000,000 and whose becoming an assignee would not constitute a prohibited transaction under Section 4975 of the Code or Section 406 of ERISA, (c) any Lender or any Affiliate of any Lender; provided
that, in the case of any assignment of Revolving Commitments, such Affiliate has total assets in excess of $200,000,000, (d) an Approved Fund of any Lender; provided that, in the case of any assignment of Revolving Commitments, such
Approved Fund has total assets in excess of $200,000,000, (e) (i) in the case of any Revolving Lender, any other financial institution reasonably satisfactory to the Administrative Agent provided that such financial institution has total
assets in excess of $200,000,000, and (ii) in the case of any Term Lender, any other Person (other than any Defaulting Lender, Disqualified Institution or natural Person) reasonably satisfactory to the Administrative Agent and (f) solely
with respect to assignments of Term Loans to the extent permitted under Section 10.02(g), the Borrower; provided that, so long as no Event of Default has occurred and is continuing, no Disqualified Institution shall constitute an
Eligible Assignee unless otherwise consented to by the Borrower; provided, further, that, except as provided in clause (f) above, neither Parent nor any Subsidiary of Parent shall constitute an Eligible Assignee. 

  
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 “Engagement Letter” shall have the meaning set forth in Section 2.19. 

“Environmental Laws” shall mean all applicable laws (including common law), statutes, rules, regulations, codes, ordinances,
orders, decrees, judgments, injunctions or legally binding agreements issued, promulgated or entered into by or with any Governmental Authority, relating to the protection of the environment, preservation or reclamation of natural resources, the
handling, treatment, storage, disposal, Release or threatened Release of, or the exposure of any Person (including employees) to, any Hazardous Materials. 

“Environmental Liability” shall mean any liability (including any liability for damages, natural resource damage, costs of
environmental investigation, remediation or monitoring or costs, fines or penalties) resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment, disposal or
the arrangement for disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the Release or threatened Release of any Hazardous Materials into the environment or (e) any contract, agreement, lease or other
consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
 “Equity
Interests” shall mean Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 

“EU Bail-In Legislation Schedule” means the EU
Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations
promulgated thereunder. 
 “ERISA Affiliate” shall mean any trade or business (whether or not incorporated) that, together
with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code, or solely for purposes of Section 302 of ERISA and Section 412 and 430 of the Code, is treated as a single employer under
Section 414 of the Code. 
 “Escrow Accounts” shall mean (1) accounts of Parent or any Subsidiary, solely to the
extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal
income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar
taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, workman’s or workers’ compensation charges and related charges and fees,
(c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to

  
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various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required
to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service
reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness. 

“Eurodollar” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, is bearing interest at a rate determined by reference to the LIBO Rate. 
 “Eurodollar Tranche” shall mean the
collective reference to Eurodollar Loans under a particular Facility the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on
the same day). 
 “Event of Default” shall have the meaning set forth in Section 7.01. 

“Excess Cash Flow” shall mean, for any period, (i) Consolidated EBITDAR of Parent for such period, minus
(plus) (ii) any increase (decrease) in Working Capital of Parent from the first day of such period to the last day of such period, minus (iii) the sum of (A) payments by the Borrower, Parent or any Guarantor of scheduled principal and
interest with respect to the consolidated Indebtedness of Parent (but excluding Indebtedness that is solely the obligation of any Subsidiary that is not a Guarantor) during such period, to the extent such payments are not prohibited under this
Agreement, (B) income taxes paid during such period, (C) aircraft rentals paid during such period under Operating Leases, (D) cash used during such period for capital expenditures, (E) deposit and pre delivery payments made in
respect of Aircraft Related Equipment, and (F) an amount equal to pension or FASB 106 payments made in excess, if any, of pension or FASB 106 expenses, plus (iv) an amount equal to the excess of pension or FASB 106 expense in excess, if
any, of pension or FASB 106 payments. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

“Excluded Contributions” shall mean net cash proceeds received by Parent after the Closing Date from: 

(1) contributions to its common equity capital (other than from any Subsidiary); or 

(2) the sale (other than to a Subsidiary or to any management equity plan or stock option plan or any other management or
employee benefit plan or agreement of Parent or any Subsidiary) of Qualifying Equity Interests, 
 in each case designated as Excluded Contributions
pursuant to an Officer’s Certificate executed on or around the date such capital contributions are made or the date such Equity Interests are sold, as the case may be. Excluded Contributions will not be considered to be net proceeds of
Qualifying Equity Interests for purposes of clause (a)(y)(ii)(B) of Section 6.01. 

  
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 “Excluded Information” shall have the meaning set forth in
Section 10.02(g). 
 “Excluded Subsidiary” shall mean each Subsidiary of Parent (1) that is a captive insurance
company, (2) that is formed or exists for purposes relating to the investment in one or more tranches of Indebtedness of any other Subsidiary, other tranches of which have been (or are to be) offered in whole or in part to Persons who are not
Affiliates of Parent, (3) that is a Regional Airline, (4) that is prohibited by applicable law, rule, regulation or contract existing on the Closing Date (or, in the case of any newly acquired Subsidiary, in existence at the time of
acquisition but not entered into in contemplation thereof) from Guaranteeing, or granting Liens to secure, the Obligations or if Guaranteeing, or granting Liens to secure, the Obligations would require governmental (including regulatory) consent,
approval, license or authorization unless such consent, approval, license or authorization has been received, (5) with respect to which the Borrower and the Administrative Agent reasonably agree that the burden or cost or other consequences of
providing a guarantee of the Obligations shall be excessive in view of the benefits to be obtained by the Secured Parties therefrom, (6) with respect to which the provision of such guarantee of the Obligations would result in material adverse
tax consequences to Parent or one of its Subsidiaries (as reasonably determined by the Borrower and notified in writing to the Administrative Agent), (7) that is an Unrestricted Subsidiary, (8) that is a Foreign Subsidiary or (9) AWHQ
LLC. 
 “Excluded Swap Obligation” shall mean, with respect to any Guarantor, any Swap Obligation if, and to the extent
that, all or a portion of the Guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule,
regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof). If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the
portion of such Swap Obligation that is attributable to swaps for which such Guarantee or security interest is or becomes illegal. 

“Excluded Taxes” shall mean, with respect to the Administrative Agent, any Lender, any Issuing Lender or any other recipient
of any payment to be made by or on account of any Obligation of the Borrower or any Guarantor hereunder or under any Loan Document, (a) any Taxes based on (or measured by) its net income, profits or capital, or any franchise taxes
(i) imposed by the United States or any political subdivision thereof or by the jurisdiction under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable
lending office is located or (ii) imposed as a result of a present or former connection between such recipient and the jurisdiction imposing such Taxes (other than a connection arising from such recipient’s having executed, delivered,
enforced, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, or enforced, this Agreement or any Loan Document), (b) any branch profits Taxes imposed by the United States
or any similar Tax imposed by any other jurisdiction in which such recipient is located, (c) any withholding Tax or gross income Tax that is imposed on amounts payable to such recipient pursuant to a law in effect at the time such recipient
becomes a party to this Agreement or designates a new lending office, except, and then only to the extent that, such recipient’s assignor was entitled, at the time of assignment to such recipient, or such Lender was entitled at the time of
designation of a new lending office, to receive additional amounts from the Borrower with respect to such withholding Tax pursuant to 

  
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Section 2.16(a), (d) any withholding Tax that is attributable to such recipient’s failure to comply with Section 2.16(f) or 2.16(g), (e) any Tax that is imposed by reason
of FATCA and (f) in the case of a recipient that is an intermediary, partnership or other flow-through entity for U.S. tax purposes, any withholding Tax or gross income Tax, to the extent that such Tax is imposed based upon the status of a
beneficiary, partner or member of such recipient pursuant to a law in effect at the time such beneficiary, partner or member of such recipient becomes a beneficiary, partner or member of such recipient, except to the extent that amounts with respect
to such Taxes were payable pursuant to Section 2.16(a) to such recipient in respect of the assignor (or predecessor in interest) of such beneficiary, partner or member immediately before such beneficiary, partner or member acquired its interest
in such recipient from such assignor (or predecessor in interest)). 
 “Existing B1 Term Loan” means a Tranche B1 Term Loan
(as defined in the 2013 Loan Agreement) held by a Converting 2013 Lender under the 2013 Loan Agreement. 
 “Existing
Indebtedness” shall mean all Indebtedness of Parent and its Subsidiaries in existence on the Closing Date, until such amounts are repaid. 

“Extended Revolving Commitment” shall have the meaning set forth in Section 2.28(b)(ii). 

“Extended Term Loan” shall have the meaning set forth in Section 2.28(a)(ii). 

“Extension” shall mean a Term Loan Extension or a Revolver Extension, as the case may be. 

“Extension Amendment” shall have the meaning set forth in Section 2.28(d). 

“Extension of Credit” shall mean, as to any Lender, the making of a Loan, or the issuance of, or participation in, a Letter
of Credit by such Lender. 
 “Extension Offer” shall mean a Term Loan Extension Offer or a Revolver Extension Offer, as the
case may be. 
 “FAA” shall mean the Federal Aviation Administration of the United States and any successor thereto. 

“FAA Route Slot” shall mean, at any time of determination, any FAA Slot of any Person at any airport in the
United States that is an origin and/or destination point with respect to any Scheduled Service, in each case only to the extent such FAA Slot is being utilized by such Person or any Grantor to provide such Scheduled Service, but in each case
excluding any FAA Slot that was obtained by any Person from another air carrier pursuant to an agreement (including but not limited to a loan agreement, lease agreement or a slot release agreement) and is held by such Person on a temporary basis.

 “FAA Slot” shall mean, at any time of determination, in the case of airports in the United States at which landing or take-off operations are restricted, the right and operational authority to conduct a landing or take-off operation at a specific time or during a specific time period at such
airport, including, without limitation, slots, arrival authorizations and operating authorizations, whether pursuant to FAA or DOT regulations or orders pursuant to Title 14, Title 49 or other federal statutes or regulations now or hereinafter in
effect. 

  
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 “Facility” shall mean each of the Revolving Facility and the Term Loan Facility.

 “Fair Market Value” shall mean the value that would be paid by a willing buyer to an unaffiliated willing seller in a
transaction not involving distress or necessity of either party, determined in good faith by a Responsible Officer of the Borrower or Parent (unless otherwise provided in this Agreement); provided that any such Responsible Officer shall be
permitted to consider the circumstances existing at such time (including, without limitation, economic or other conditions affecting the United States airline industry generally and any relevant legal compulsion, judicial proceeding or
administrative order or the possibility thereof) in determining such Fair Market Value in connection with such transaction. 

“FASB” shall mean the Financial Accounting Standards Board. 

“FATCA” shall mean Sections 1471 through 1474 of the Code, as of the date of this Agreement, any amended or successor
provisions that are substantially comparable and not materially more onerous to comply with, any regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or
regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the foregoing. 

“Federal Funds Effective Rate” shall mean, for any day, the rate calculated by the Federal Reserve Bank of New York based on
such day’s federal funds transactions by depository institutions (as determined in such manner as the Federal Reserve Bank of New York shall set forth on its public website from time to time) and published on the next succeeding Business Day by
the Federal Reserve Bank of New York as the federal funds effective rate; provided, that, if the Federal Funds Effective Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Fee Letters” shall mean the Administrative Agent Fee Letter and the Joint Lead Arranger Fee Letter. 

“Fees” shall collectively mean the Commitment Fees, the Upfront Fees, the Letter of Credit Fees and other fees referred to in
Section 2.19. 
 “FIRREA” shall the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended.

 “Fixed Charges” shall mean, with respect to any specified Person for any period, the sum, without duplication, of: 

(1) the consolidated interest expense (net of interest income) of such Person and its Restricted Subsidiaries for such period
to the extent that such interest expense is payable in cash (and such interest income is receivable in cash); plus 

  
 29 

 (2) the interest component of leases that are capitalized in accordance with GAAP
of such Person and its Restricted Subsidiaries for such period to the extent that such interest component is related to lease payments payable in cash; plus 

(3) any interest expense actually paid in cash for such period by such specified Person on Indebtedness of another Person that
is guaranteed by such specified Person or one of its Restricted Subsidiaries or secured by a Lien on assets of such specified Person or one of its Restricted Subsidiaries; plus 

(4) the product of (A) all cash dividends accrued on any series of preferred stock of such Person or any of its Restricted
Subsidiaries for such period, other than to Parent or a Restricted Subsidiary of Parent, times (B) a fraction, the numerator of which is one and the denominator of which is one minus the then current combined federal, state and local statutory
tax rate of such Person, expressed as a decimal, in each case, determined on a consolidated basis in accordance with GAAP; plus 

(5) the aircraft rent expense of such Person and its Restricted Subsidiaries for such period to the extent that such aircraft
rent expense is payable in cash, 
 all as determined on a consolidated basis in accordance with GAAP. 

“Flight Simulators” shall mean the flight simulators and flight training devices owned by Parent or any of its Restricted
Subsidiaries. 
 “Flyer Miles Obligations” shall mean, at any date of determination, all payment and performance
obligations of the Borrower under any card marketing agreement with respect to credit cards co-branded by the Borrower and a financial institution which may include obligations in respect of the pre-purchase by third parties of frequent flyer miles and any other similar agreements entered into by Parent or any of its Subsidiaries with any bank from time to time. 

“Foreign Aviation Authority” shall mean any non-U.S. governmental, quasi-governmental, regulatory or other agency, public corporation or private entity that exercises jurisdiction over the issuance or authorization (i) to serve any
non-U.S. point on any Scheduled Service that any applicable Person is serving at any time and/or to conduct operations related to any Scheduled Service and Foreign Gate Leaseholds at any time and/or
(ii) to hold and operate any Foreign Slots at any time. 
 “Foreign Gate Leasehold” shall mean, at any time of
determination, all of the right, title, privilege, interest and authority of an applicable Person to use or occupy space in an airport terminal at any airport outside the United States that is an origin and/or destination point with respect to any
Scheduled Service, in each case only to the extent necessary for such Person to provide such Scheduled Service. 
 “Foreign
Lender” shall mean any Lender that is not a “United States person” as defined in Section 7701(a)(3) of the Code. 

  
 30 

 “Foreign Route Slot” shall mean, at any time of determination, any
Foreign Slot of any Person at any airport outside the United States that is an origin and/or destination point with respect to any Scheduled Service, in each case only to the extent such Foreign Slot is being utilized by such Person or any Grantor
to provide such Scheduled Service, but in each case excluding any Foreign Slot that was obtained by a Person from another air carrier pursuant to an agreement (including but not limited to a loan agreement, lease agreement, slot exchange agreement
or a slot release agreement) and is held by such Person on a temporary basis. 
 “Foreign Slot” shall mean, at any time of
determination, in the case of airports outside the United States, the right and operational authority to conduct one landing or take-off operation at a specific time or during a specific time period at such
airport. 
 “Foreign Subsidiary” shall mean any direct or indirect Subsidiary of Parent that was not formed under the laws
of the United States or any state of the United States or the District of Columbia. 
 “GAAP” shall mean generally accepted
accounting principles in the United States, which are in effect from time to time, including those set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants, statements
and pronouncements of the Financial Accounting Standards Board, such other statements by such other entity as have been approved by a significant segment of the accounting profession and the rules and regulations of the SEC governing the inclusion
of financial statements in periodic reports required to be filed pursuant to Section 13 of the Exchange Act, including opinions and pronouncements in staff accounting bulletins and similar written statements from the accounting staff of the
SEC. Notwithstanding the foregoing definition, with respect to leases (whether or not they are required to be capitalized on a Person’s balance sheet under generally accepted accounting principles in the United States in effect as of the date
of this Agreement) and with respect to financial matters related to leases, including assets, liabilities and items of income and expense, “GAAP” shall mean (other than for purposes of Sections 5.01(a) and 5.01(b)), and determinations
and calculations shall be made in accordance with, generally accepted accounting principles in the United States, which are in effect as of the date hereof. 

“Gate Leasehold” shall mean all of the right, title, interest, privilege and authority of any Person to use or occupy space
in an airport terminal in connection with the provision of air carrier service. 
 “General Security Agreement” shall mean
the Security Agreement (UCC Personal Property), dated as of the Closing Date by and among the Borrower, as grantor, the other grantors party thereto from time to time and the Collateral Agent, or any other security agreement executed and delivered
to the Administrative Agent substantially in the form of Exhibit C hereto. 
 “Governmental Authority” shall mean the
government of the United States, any other nation or any political subdivision thereof, whether state or local, and any agency (including without limitation the DOT and the FAA), authority, instrumentality, regulatory body, court, central bank
organization, or other entity exercising executive, legislative, judicial, taxing     

  
 31 

 
or regulatory powers or functions of or pertaining to government (including any supra-national bodies such as the European Union). Governmental Authority shall not include any Person in its
capacity as an Airport Authority. 
 “Grantor” shall mean the Borrower and any Guarantor that shall at any time pledge
Collateral under a Collateral Document. 
 “Ground Service Equipment” shall mean the ground service equipment, de-icers, ground support equipment, aircraft cleaning devices, materials handling equipment, passenger walkways and other similar equipment owned by Parent or any of its Restricted Subsidiaries. 

“Guarantee” shall mean a guarantee (other than (a) by endorsement of negotiable instruments for collection or
(b) customary contractual indemnities, in each case in the Ordinary Course of Business), direct or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements in
respect thereof, of all or any part of any Indebtedness (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities or services, to take or pay
or to maintain financial statement conditions). 
 “Guaranteed Obligations” shall have the meaning set forth in
Section 9.01(a). 
 “Guarantors” shall mean, collectively, Parent and each Domestic Subsidiary of Parent that becomes
a party to the Guaranty pursuant to Section 5.09. As of the Closing Date, Parent is the only Guarantor. 
 “Guaranty”
shall mean the guaranty set forth in Article IX. 
 “Guaranty Obligations” shall have the meaning set forth in
Section 9.01(a). 
 “Hazardous Materials” shall mean all radioactive substances or wastes and all hazardous or toxic
substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature that
are regulated pursuant to, or could reasonably be expected to give rise to liability under any Environmental Law. 
 “Hedging
Agreement” shall mean any agreement evidencing Hedging Obligations. 
 “Hedging Obligations” shall mean, with
respect to any Person, all obligations and liabilities of such Person under: 
 (1) interest rate swap agreements (whether
from fixed to floating or from floating to fixed), interest rate cap agreements and interest rate collar agreements; 
 (2)
other agreements or arrangements designed to manage interest rates or interest rate risk; and 
 (3) other agreements or
arrangements designed to protect such Person against fluctuations in currency exchange rates, fuel prices or other commodity prices, but excluding (x) clauses in purchase agreements and maintenance agreements pertaining to future prices and
(y) fuel purchase agreements and fuel sales that are for physical delivery of the relevant commodity. 

  
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 For the avoidance of doubt, any Permitted Convertible Indebtedness Call Transaction will not
constitute Hedging Obligations. 
 “IATA” shall mean the International Air Transport Association and any successor thereto.

 “ICE LIBOR” shall have the meaning set forth in the definition of “LIBO Rate”. 

“ICF” shall mean ICF International, formerly known as ICF SH&E, Inc. 

“Immaterial Subsidiaries” shall mean one or more Subsidiaries of Parent (other than any Subsidiary that is a Guarantor, any
Excluded Subsidiary, any Subsidiary that is not a Domestic Subsidiary, any Receivables Subsidiary and any Regional Airline), for which (a) the assets of all such Subsidiaries constitute, in the aggregate, no more than 7.5% of the total assets
of Parent and its Subsidiaries on a consolidated basis (determined as of the last day of the most recent fiscal quarter of Parent for which internal financial statements are available) and (b) the revenues of all such Subsidiaries account for,
in the aggregate, no more than 7.5% of the total revenues of Parent and its Subsidiaries on a consolidated basis for the twelve-month period ending on the last day of the most recent fiscal quarter of Parent
for which internal financial statements are available; provided that a Subsidiary will not be considered to be an Immaterial Subsidiary if it (1) directly or indirectly guarantees, or pledges any property or assets to secure, any
Obligations, Pari Passu Senior Secured Debt or Junior Secured Debt or (2) owns any properties or assets that constitute Collateral. 

“Increase Effective Date” shall have the meaning set forth in Section 2.27(a). 

“Increase Joinder” shall have the meaning set forth in Section 2.27(c). 

“Incremental Commitments” shall have the meaning set forth in Section 2.27(a). 

“Incremental Revolving Commitment” shall have the meaning set forth in Section 2.27(a). 

“Incremental Term Loan Commitment” shall have the meaning set forth in Section 2.27(a). 

“Incremental Term Loans” shall have the meaning set forth in Section 2.27(c)(i). 

“Indebtedness” shall mean, with respect to any specified Person, any indebtedness of such Person (excluding air traffic
liability, accrued expenses and trade payables), whether or not contingent: 
 (1) in respect of borrowed money; 

  
 33 

 (2) evidenced by bonds, notes, debentures or similar instruments or letters of
credit (or reimbursement agreements in respect thereof); 
 (3) in respect of banker’s acceptances; 

(4) representing Capital Lease Obligations; 

(5) representing the balance deferred and unpaid of the purchase price of any property or services due more than six months
after such property is acquired or such services are completed, and excluding in any event trade payables arising in the Ordinary Course of Business; or 

(6) representing any Hedging Obligations, 

if and to the extent any of the preceding items (other than letters of credit and Hedging Obligations) would appear as a liability upon a balance sheet of the
specified Person prepared in accordance with GAAP. In addition, the term “Indebtedness” includes all Indebtedness of others secured by a Lien on any asset of the specified Person (whether or not such Indebtedness is assumed by the
specified Person) and, to the extent not otherwise included, the Guarantee by the specified Person of any Indebtedness of any other Person. Indebtedness shall be calculated without giving effect to the effects of Statement of Financial Accounting
Standards No. 133 and related interpretations to the extent such effects would otherwise increase or decrease an amount of Indebtedness for any purpose under this Agreement as a result of accounting for any embedded derivatives created by the
terms of such Indebtedness. 
 For the avoidance of doubt, (a) Banking Product Obligations, (b) obligations under leases (other
than leases determined to be Capital Lease Obligations under GAAP as in effect on the date of this Agreement), (c) obligations to fund pension plans and retiree liabilities, (d) Disqualified Stock and preferred stock, (e) Flyer Miles
Obligations and other obligations in respect of the pre-purchase by others of frequent flyer miles, (f) maintenance deferral agreements, (g) an amount recorded as Indebtedness in such Person’s
financial statements solely by operation of Financial Accounting Standards Board Accounting Standards Codification 840-40-55 or any successor provision of GAAP but which
does not otherwise constitute Indebtedness as defined hereinabove, (h) a deferral of pre-delivery payments relating to the purchases of Aircraft Related Equipment and (i) obligations under flyer
miles participation agreements do not constitute Indebtedness, whether or not such obligations would appear as a liability upon a balance sheet of a specified Person. 

“Indemnified Taxes” shall mean Taxes, other than Excluded Taxes, imposed on or with respect to any payments made by the
Borrower or any Guarantor under this Agreement or any other Loan Document. 
 “Indemnitee” shall have the meaning set forth
in Section 10.04(b). 
 “Initial Appraisal” shall mean, (i) with respect to FAA Slots, the reports of MBA dated
May 24, 2016 and November 30, 2016, (ii) with respect to Flight Simulators, the report of 

  
 34 

 
ICF dated October 25, 2016 and (iii) with respect to Real Property Assets, the reports of CB Richard Ellis dated October 27, 2016, October 29, 2016 and November 7, 2016,
in each case, delivered to the Administrative Agent by the Borrower pursuant to Section 4.01(d). 
 “Initial Collateral Release
Date” shall mean the earliest to occur of (i) the date on which the first Borrower Release occurs pursuant to the terms hereof and (ii) a Disposition of Collateral that is not a Permitted Disposition pursuant to the terms hereof.

 “Installment” shall have the meaning set forth in Section 2.10(b). 

“Intercreditor Agreement” shall mean an intercreditor agreement substantially in the form of Exhibit M hereto. 

“Interest Election Request” shall mean a request by the Borrower to convert or continue a Borrowing in accordance with
Section 2.05. 
 “Interest Payment Date” shall mean (a) as to any Eurodollar Loan having an Interest Period of
one or three months, the last day of such Interest Period, (b) as to any Eurodollar Loan having an Interest Period of more than three months, each day that is three months, or a whole multiple thereof, after the first day of such Interest
Period and the last day of such Interest Period and (c) with respect to ABR Loans, the last Business Day of each March, June, September and December. 

“Interest Period” shall mean, as to any Borrowing of Eurodollar Loans, the period commencing on the date of such Borrowing
(including as a result of a conversion from ABR Loans) or on the last day of the preceding Interest Period applicable to such Borrowing and ending on (but excluding) the numerically corresponding day (or if there is no corresponding day, the last
day) in the calendar month that is one, three or six months thereafter (or, if available to all affected Lenders, 12 months or a shorter period as agreed to by the Administrative Agent and the affected Lenders), as the Borrower may elect in the
related notice delivered pursuant to Section 2.03 or 2.05; provided that (i) if any Interest Period would end on a day which shall not be a Business Day, such Interest Period shall be extended to the next succeeding Business Day
unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and (ii) no Interest Period shall end later than the applicable Termination Date.

 “Interpolated Screen Rate” shall mean, in relation to the LIBO Rate, the rate which results from interpolating on a
linear basis between: 
 (a) the applicable ICE LIBOR for the longest period (for which that ICE LIBOR is available) which is less than the
Interest Period of that Loan; and 
 (b) the applicable ICE LIBOR for the shortest period (for which that ICE LIBOR is available) which
exceeds the Interest Period of that Loan, 
 each as of approximately 11:00 a.m. (London, England time) two Business Days prior to the commencement of such
Interest Period of that Loan. 

  
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 “Investments” shall mean, with respect to any Person, all direct or indirect
investments made from and after the Closing Date by such Person in other Persons (including Affiliates) in the forms of loans (including Guarantees), capital contributions or advances (but excluding advance payments and deposits for goods and
services and commission, travel and similar advances to officers, employees and consultants made in the Ordinary Course of Business), purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities of other
Persons, together with all items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP. If Parent or any Restricted Subsidiary of Parent sells or otherwise disposes of any Equity Interests of any direct
or indirect Restricted Subsidiary of Parent after the Closing Date such that, after giving effect to any such sale or disposition, such Person is no longer a Restricted Subsidiary of Parent, Parent will be deemed to have made an Investment on the
date of any such sale or disposition equal to the Fair Market Value of Parent’s Investments in such Subsidiary that were not sold or disposed of in an amount determined as provided in Section 6.01. Notwithstanding the foregoing, any Equity
Interests retained by Parent or any of its Subsidiaries after a disposition or dividend of assets or Capital Stock of any Person in connection with any partial “spin-off” of a Subsidiary or similar
transactions shall not be deemed to be an Investment. The acquisition by Parent or any Restricted Subsidiary of Parent after the Closing Date of a Person that holds an Investment in a third Person will be deemed to be an Investment by Parent or such
Restricted Subsidiary in such third Person in an amount equal to the Fair Market Value of the Investments held by the acquired Person in such third Person in an amount determined as provided in Section 6.01. Except as otherwise provided in this
Agreement, the amount of an Investment will be determined at the time the Investment is made and without giving effect to subsequent changes in value. 

“Issuing Lender” shall mean) any Lender agreeing to act in its capacity as an issuer of Letters of Credit hereunder, and
its respective successors in such capacity as provided in Section 2.02(i), which Lender shall be reasonably satisfactory to the Borrower and the Administrative Agent. Each Issuing Lender may, in its reasonable discretion, arrange for one or
more Letters of Credit to be issued by Affiliates of such Issuing Lender reasonably acceptable to the Borrower, which Affiliate shall agree in writing reasonably acceptable to the Borrower and the Administrative Agent to be bound by the provisions
of the Loan Documents applicable to an Issuing Lender, in which case the term “Issuing Lender” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. 

“JFK” shall mean John F. Kennedy International Airport, New York. 

“Joint Lead Arrangers and Bookrunners” shall have the meaning set forth in the preamble to this Agreement. 

“Junior Secured Debt” shall mean Indebtedness permitted to be secured by a Lien on Collateral under Section 6.06 or any
Flyer Miles Obligations. 
 “Latest Maturity Date” shall mean, at any date of determination, the latest maturity or
expiration date applicable to any Loan or Commitment hereunder at such time, including the latest maturity date of any Term Loan. 

  
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 “LC Commitment” shall mean the commitment of each Issuing Lender to issue
Letters of Credit in face amount not to exceed the amount set forth under the heading “LC Commitment” opposite its name in Annex A hereto as updated from time to time or in the Assignment and Acceptance pursuant to which such Issuing
Lender became a party hereto or in any other agreement or instrument pursuant to which such Issuing Lender becomes an Issuing Lender or increases its LC Commitment, in each case, as any of the same may be changed from time to time with the consent
of the Borrower and any such Issuing Lender. The original aggregate amount of the LC Commitments of the Closing Date shall be $0. 

“LC Disbursement” shall mean a payment made by an Issuing Lender pursuant to a Letter of Credit issued by it. 

“LC Exposure” shall mean, at any time, the sum of (a) the aggregate maximum undrawn amount of all outstanding Letters of
Credit at such time plus (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time; provided, that in the case of any escalating Letter of Credit where the face amount
thereof is subject to escalation with no conditions, the LC Exposure with respect to such Letter of Credit shall be determined by referring to the maximum face amount to which such Letter of Credit may be so escalated. The LC Exposure of any
Revolving Lender at any time shall be its Revolving Commitment Percentage of the total LC Exposure at such time. 
 “Leased
Collateral” shall have the meaning set forth in the definition of “Permitted Disposition.” 
 “Leased
Slots” shall have the meaning set forth in the definition of “Permitted Disposition.” 
 “Lenders” shall
mean each of the several banks and other financial institutions or entities from time to time party hereto as a lender. 
 “Letter
of Credit” shall mean any irrevocable letter of credit issued pursuant to Section 2.02, which letter of credit shall be (i) a standby letter of credit, (ii) issued for general corporate purposes of Parent or any Subsidiary of
Parent; provided that in any case the account party of a Letter of Credit must be the Borrower, (iii) denominated in Dollars and (iv) otherwise in such form as may be reasonably approved from time to time by the Administrative Agent
and the applicable Issuing Lender. 
 “Letter of Credit Account” shall mean the account established by the Borrower after
the Closing Date under the sole and exclusive control of the Collateral Agent maintained at the office of the Collateral Agent, which shall be used solely for the purposes set forth herein. 

“Letter of Credit Fees” shall mean the fees payable in respect of Letters of Credit pursuant to Section 2.21. 

“Letter of Credit Request” shall mean a request by the Borrower, executed by a Responsible Officer of the Borrower, for the
issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit) in accordance with Section 2.02 in substantially the form of Exhibit H or such other form as reasonably acceptable to the applicable
Issuing Lender. 

  
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 “LGA” shall mean LaGuardia Airport, New York. 

“LHR” shall mean Heathrow Airport, England. 

“LIBO Rate” shall mean for any Interest Period as to any LIBO Rate Loan, (i) the rate per annum determined by the
Administrative Agent to be the offered rate which appears on the page of the Reuters Screen which displays the London interbank offered rate administered by ICE Benchmark Administration Limited (such page currently being the LIBOR01 page)
(“ICE LIBOR”) for deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in Dollars, determined as of approximately 11:00 a.m. (London, England time), two Business Days
prior to the commencement of such Interest Period or (ii) in the event the rate referenced in the preceding clause (i) does not appear on such page or service or if such page or service shall cease to be available, the rate determined by
the Administrative Agent to be the offered rate on such other page or other service which displays ICE LIBOR for deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in Dollars, determined
as of approximately 11:00 a.m. (London, England time) two Business Days prior to the commencement of such Interest Period; provided that if ICE LIBOR is quoted under either of the preceding clauses (i) or (ii), but there is no such
quotation for the Interest Period elected, the LIBO Rate shall be equal to the Interpolated Rate; and provided, further, that (a) if negative, the LIBO Rate shall be deemed to be 0% for the purposes of this Agreement and
(b) solely in respect of the Class B Term Loans, the LIBO Rate shall not be less than 0.75%. 
 “Lien” shall
mean, with respect to any asset, any mortgage, lien, pledge, charge, security interest or similar encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law (but excluding any
transaction pursuant to clause (6) of the definition of “Permitted Disposition”), including any conditional sale or other title retention agreement, any option or other agreement to sell or give a security interest in and,
except in connection with any Qualified Receivables Transaction, any agreement to give any financing statement under the UCC (or equivalent statutes) of any jurisdiction. 

“Liquidity” shall mean the sum of (i) all unrestricted cash and Cash Equivalents of Parent and its Restricted
Subsidiaries, (ii) cash and Cash Equivalents of Parent and its Restricted Subsidiaries restricted in favor of the Facilities, (iii) the aggregate principal amount committed and available to be drawn by Parent and its Restricted
Subsidiaries (taking into account all borrowing base limitations or other restrictions) under all revolving credit facilities (including the Revolving Facility) of Parent and its Restricted Subsidiaries and (iv) the scheduled net proceeds
(after giving effect to any expected repayment of existing Indebtedness using such proceeds) of any Capital Markets Offering of Parent or any of its Restricted Subsidiaries that has priced but has not yet closed (until the earliest of the closing
thereof, the termination thereof without closing or the date that falls five (5) Business Days after the initial scheduled closing date thereof). 

“Loan Documents” shall mean this Agreement, the Collateral Documents, any Intercreditor Agreement, any Other Intercreditor
Agreement, the Administrative Agent Fee 

  
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Letter and any other instrument or agreement (which is designated as a Loan Document therein) executed and delivered by the Borrower or a Guarantor to the Administrative Agent, the Collateral
Agent, any Issuing Lender or any Lender, in each case, as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time in accordance with the terms hereof. 

“Loan Parties” shall mean the Borrower and the Guarantors. 

“Loan Request” shall mean a request by the Borrower, executed by a Responsible Officer of the Borrower, for a Loan in
accordance with Section 2.03 in substantially the form of Exhibit G. 
 “Loans” shall mean, collectively, the
Revolving Loans and the Term Loans. 
 “Mainline Slot” means any FAA Slot that is not a Commuter Slot. 

“Margin Stock” shall have the meaning set forth in Section 3.12(a). 

“Marketing and Service Agreements” shall mean those certain business, marketing and service agreements among a Loan Party
and/or any of its Subsidiaries and any of Mesa Airlines, Inc., Chautauqua Airlines, Inc., Trans States Airlines, Inc., United Air Lines, Inc., Republic Airline, Inc., SkyWest Airlines and Air Wisconsin Airlines Corporation and such other parties or
agreements from time to time that include, but are not limited to, code-sharing, pro-rate, capacity purchase, service, frequent flyer, ground handling and marketing
agreements that are entered into in the Ordinary Course of Business. 
 “Material Adverse Change” shall mean any event,
change, condition, occurrence, development or circumstance that, either individually or in the aggregate, has had or could reasonably be expected to have a Material Adverse Effect. 

“Material Adverse Effect” shall mean a material adverse effect on (a) the consolidated business, operations or financial
condition of Parent and its Restricted Subsidiaries, taken as a whole, (b) the validity or enforceability of any of the Loan Documents or the rights or remedies of the Administrative Agent and the Lenders thereunder or (c) the ability of
the Borrower and the Guarantors, taken as a whole, to pay the Obligations; provided that, for the avoidance of doubt, any action taken or not taken within one year from the Closing Date in connection with or in furtherance of the AMR/US
Airways Merger and/or any related Airlines Merger shall be deemed not to constitute a Material Adverse Effect. 
 “Material
Indebtedness” shall mean Indebtedness of the Borrower and/or Guarantors (other than the Loans and obligations relating to Letters of Credit) outstanding under the same agreement in a principal amount exceeding $150,000,000. 

“MBA” shall mean Morten Beyer & Agnew. 

“Minimum Extension Condition” shall have the meaning set forth in Section 2.28(c). 

  
 39 

 “Moody’s” shall mean Moody’s Investors Service, Inc. 

“Net Proceeds” shall mean the aggregate cash and Cash Equivalents received by Parent or any of its Restricted Subsidiaries in
respect of any Disposition of Collateral (including, without limitation, any cash or Cash Equivalents received in respect of or upon the sale or other disposition of any non-cash consideration received in any
Disposition of Collateral) or Recovery Event, net of: (a) the direct costs and expenses relating to such Disposition of Collateral and incurred by Parent or a Restricted Subsidiary (including the sale or disposition of any such non-cash consideration received) or any such Recovery Event, including, without limitation, legal, accounting and investment banking fees, and sales commissions, and any relocation expenses incurred as a result of
the Disposition of Collateral or Recovery Event, taxes paid or payable as a result of the Disposition of Collateral or Recovery Event, in each case, after taking into account any available tax credits or deductions and any tax sharing arrangements;
(b) any reserve for adjustment or indemnification obligations in respect of the sale price of such asset or assets established or to be established, in each case, in accordance with GAAP and (c) any portion of the purchase price from a
Disposition of Collateral placed in escrow pursuant to the terms of such Disposition of Collateral (either as a reserve for adjustment of the purchase price, or for satisfaction of indemnities in respect of such Disposition of Collateral) until the
termination of such escrow. 
 “Net Proceeds Amount” shall have the meaning set forth in Section 2.12(a). 

“New Lender” shall have the meaning set forth in Section 2.27(a). 

“Non-Defaulting Lender” shall mean, at any time, a Lender that is not a
Defaulting Lender. 
 “Non-Extending Lender” shall have the meaning set
forth in Section 10.08(g). 
 “Non-Lender Secured Party” shall have the
meaning provided in the Slot Security Agreement. 
 “Non-Recourse Debt”
shall mean Indebtedness: 
 (1) as to which neither Parent nor any of its Restricted Subsidiaries (A) provides credit
support of any kind (including any undertaking, agreement or instrument that would constitute Indebtedness) or (B) is directly or indirectly liable as a guarantor or otherwise; and 

(2) as to which the holders of such Indebtedness do not otherwise have recourse to the stock or assets of Parent or any of its
Restricted Subsidiaries (other than the Equity Interests of an Unrestricted Subsidiary). 
 “Non-Recourse Financing Subsidiary” shall mean any Unrestricted Subsidiary that (a) has no Indebtedness other than Non-Recourse Debt and (b) engages in no
activities other than those relating to the financing of specified assets and other activities incidental thereto. 

  
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 “Obligations” shall mean the unpaid principal of, premium on, and interest on
(including interest accruing after the maturity of the Loans and interest accruing after the filing of any petition of bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a
claim for post-filing or post-petition interest is allowed in such proceeding), the Loans, the Designated Hedging Obligations, the Designated Banking Product
Obligations, and all other obligations and liabilities of the Borrower to any Agent, any trustee appointed pursuant to Section 8.01(d) with respect to an Aircraft Security Agreement or Spare Engine Security Agreement, any Issuing Lender or any
Lender (or (i) in the case of Designated Hedging Obligations, any obligee with respect to such designated Hedging Obligations who was a Revolving Lender or an Affiliate of a Revolving Lender when the related Designated Hedging Agreement was
entered into or (ii) in the case of Designated Banking Product Obligations, any obligee with respect to such Designated Banking Product Obligations who was a Revolving Lender or a banking Affiliate of any Revolving Lender at the time the
related Designated Banking Product Agreement was entered into), whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which arise under this Agreement or any other Loan Document, whether on
account of principal, interest, reimbursement obligations, fees, indemnities, out-of-pocket costs, and expenses (including all fees, charges and disbursements of counsel
to any Agent, any Issuing Lender or any Lender that are required to be paid by the Borrower pursuant hereto) or otherwise; provided, however, that the aggregate amount of all Designated Hedging Obligations and Designated Banking
Product Obligations (in each case valued in accordance with the definitions thereof) at any time outstanding that shall be included as “Obligations” shall not exceed $100,000,000; provided, further that in no event shall the
Obligations include Excluded Swap Obligations. 
 “OFAC” shall have the meaning set forth in Section 3.17. 

“Officer’s Certificate” shall mean a certificate delivered by the Borrower on its own behalf or on behalf of an
Affiliate of the Borrower or Parent signed by any one of the following officers of the Borrower or (at the Borrower’s option) Parent: the Chairman of the Board of Directors, the Vice Chairman of the Board of Directors, the President, the Chief
Financial Officer, any Executive Vice President, any Senior Vice President, any Vice President, the Secretary, any Assistant Secretary, the Treasurer or any Assistant Treasurer. 

“OID” shall have the meaning set forth in the definition of “All-In Initial
Yield.” 
 “Operating Lease” shall mean, as applied to any Person, any lease (including, without limitation, leases
that may be terminated by the lessee at any time) of any property (whether real, personal or mixed) under which such Person is lessee, that is not a lease representing Capital Lease Obligations. 

“Ordinary Course of Business” shall mean with respect to Parent or any of its Subsidiaries, (a) in the ordinary course
of business of, or in furtherance of an objective that is in the ordinary course of business of, Parent and its Subsidiaries, (b) customary and usual in the commercial airline industry in the United States or (c) consistent with the past
or current practice of one or more commercial air carriers in the United States. 

  
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 “Other Intercreditor Agreement” shall mean an intercreditor agreement in form
and substance reasonably satisfactory to the Borrower and the Administrative Agent. 
 “Other Taxes” shall mean any and all
present or future court stamp, mortgage, recording, filing or documentary taxes or any other similar, charges or similar levies arising from any payment made hereunder or from the execution, performance, delivery, registration of or enforcement of
this Agreement or any other Loan Document. 
 “Outstanding Letters of Credit” shall have the meaning set forth in
Section 2.02(j). 
 “PAC” shall mean Panum Aviation Consulting. 

“Parent” shall have the meaning set forth in the preamble to this Agreement. 

“Parent Company” shall mean, with respect to a Revolving Lender, the bank holding company (as defined in Regulation Y issued
by the Board), if any, of such Revolving Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Revolving Lender. 

“Pari Passu Notes” shall mean Indebtedness of the Borrower or any Guarantor in the form of senior secured notes;
provided that (i) immediately after giving pro forma effect thereto, the use of proceeds therefrom and the pledge of additional assets as Additional Collateral (if any) (A) no Default or Event of Default shall have occurred and be
continuing or would result therefrom and (B) the Collateral Coverage Ratio shall be no less than 1.6 to 1.0 and the aggregate amount of Liquidity shall be no less than $2,000,000,000; (ii) such Indebtedness is secured only by the
Collateral on a pari passu basis with the Term Loan Facility and Revolving Facility pursuant to the Collateral Documents; (iii) such Indebtedness shall benefit only from substantially the same guarantees as the guarantees of the Term
Loan Facility and Revolving Facility provided hereunder; (iv) such Indebtedness matures no earlier than the Term Loan Maturity Date, (v) such Indebtedness shall have a Weighted Average Life to Maturity that is not shorter than the Weighted
Average Life to Maturity of the Class B Term Loans and (vi) such Indebtedness constitutes “Priority Lien Debt” as defined under, and in accordance with the terms of, the Collateral Documents. 

“Pari Passu Senior Secured Debt” shall mean (i) any Pari Passu Notes (and any Guarantee thereof by the Borrower or
Parent) and (ii) any Permitted Refinancing Indebtedness in exchange for, or the net proceeds of which are used to renew, refund, refinance, replace, extend, defease or discharge any such Indebtedness specified in clause (i) hereof. 

“Participant” shall have the meaning set forth in Section 10.02(d)(i). 

“Participant Register” shall have the meaning set forth in Section 10.02(d)(i). 

“Patriot Act” shall mean the USA Patriot Act, Title III of Pub. L. 107-56, signed
into law on October 26, 2001 and any subsequent legislation that amends or supplements such Act or any subsequent legislation that supersedes such Act. 

  
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 “Payroll Accounts” shall mean depository accounts used only for payroll. 

“Permitted Bond Hedge Transaction” shall mean any call or capped call option (or substantively equivalent derivative
transaction) on Parent’s common stock purchased by the issuer of any Convertible Indebtedness in connection with the issuance of any such Convertible Indebtedness; provided that the purchase price for such Permitted Bond Hedge
Transaction, less the proceeds received by the issuer of such Convertible Indebtedness from the sale of any related Permitted Warrant Transaction, does not exceed the net proceeds received by such issuer from the sale of such Convertible
Indebtedness issued in connection with the Permitted Bond Hedge Transaction. 
 “Permitted Business” shall mean any
business that is similar, or reasonably related, ancillary, supportive or complementary to, or any reasonable extension of the businesses in which Parent and its Restricted Subsidiaries are engaged on the date of this Agreement. 

“Permitted Convertible Indebtedness Call Transaction” shall mean any Permitted Bond Hedge Transaction and any Permitted
Warrant Transaction. 
 “Permitted Disposition” shall mean, with respect to Dispositions of Collateral, any of the
following: 
 (1) any single transaction or series of related transactions that involves the Disposition of assets (other
than Pledged Slots) having a Fair Market Value of less than $50,000,000 during any six-month period; 

(2) Dispositions between or among any of Parent and any of its Restricted Subsidiaries that are Grantors (including any Person
that shall become a Grantor simultaneous with such Disposition); provided that (i) concurrently with any Disposition of Collateral to any such Grantor or any Person that shall become a Grantor simultaneous with such Disposition, such
Grantor or Person shall have granted a security interest in such Collateral to the Collateral Agent pursuant to a security agreement or mortgage, as applicable, in substantially the same form as the security agreement or mortgage covering such
Collateral prior to such Disposition; and (ii) if reasonably requested by the Collateral Agent, concurrently with, or promptly after, such Disposition, the Collateral Agent shall receive an opinion of counsel to the Borrower (which may be in-house counsel) (x) in the case of Collateral that consists of Route Authorities, Slots and/or Gate Leaseholds, as to the creation and perfection under Article 9 of the UCC of the Lien of the security
agreement or mortgage, as applicable, and subject to assumptions and qualifications (including as provided in the opinion delivered pursuant to Section 4.01(e)(i)), and (y) in the case of any other Collateral, as to the creation and
perfection of the Lien of such security agreement or mortgage, as applicable, in form and substance reasonably satisfactory to the Collateral Agent; provided, further that this clause (2) shall not permit any Disposition of the
Letter of Credit Account or any amounts on deposit therein; provided, further, that following such Disposition, such Collateral is subject to a Lien with the priority and perfection required by the applicable Collateral Document
immediately prior to such Disposition (and otherwise subject only to Permitted Liens) in favor of the Collateral Agent or trustee (as applicable) for the benefit of the Secured Parties; 

  
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 (3) any Liens not prohibited by Section 6.06; 

(4) Disposition of cash or Cash Equivalents in exchange for other cash or Cash Equivalents constituting Collateral and having
reasonably equivalent value therefor; provided that this clause (4) shall not permit any Disposition of the Letter of Credit Account or any amounts on deposit therein; 

(5) the abandonment or Disposition of assets (other than Pledged Slots) no longer useful or used in the business;
provided that such abandonment or Disposition is (A) in the Ordinary Course of Business and (B) with respect to assets that are not material to the business of Parent and its Restricted Subsidiaries taken as a whole; 

(6) the lease or sublease of, use, license or sublicense agreement, swap or exchange agreement or similar arrangement with
respect to, assets and properties that constitute Collateral in the Ordinary Course of Business (excluding Pledged Slots other than any Pledged Slot or Pledged Gate Leasehold, in each case, used in Scheduled Services and pledged pursuant to the SGR
Security Agreement (the “Leased Collateral”) so long as, (A) such transaction has a term of one year or less, or in the case of Leased Collateral comprised of Pledged Slots used in Scheduled Services (“Leased
Slots”), does not extend beyond three comparable IATA traffic seasons or (B) if the term of such transaction is longer than provided for in clause (6)(A), a Responsible Officer of the Borrower determines in good faith and certifies in
a Collateral Coverage Ratio Certificate delivered to the Administrative Agent prior to entering into any such transaction that (i) immediately after giving effect to such transaction, the Collateral Coverage Ratio with respect to the date of
commencement of such transaction (for purposes of calculating such Collateral Coverage Ratio, including the Appraised Value of the Leased Collateral but excluding the proceeds of such transaction and the intended use thereof) would be at least 1.6
to 1.0; provided that in the event that the Leased Collateral is comprised of one or more Leased Slots, (x) the Borrower shall deliver to the Administrative Agent an Appraisal of the portion of such Collateral comprised of Route
Authorities, Slots and/or Foreign Gate Leaseholds, which Appraisal gives pro forma effect to such transaction with respect to such Leased Slots and (y) the Appraised Value stated in such Appraisal shall be used as the value of the portion of
such Collateral comprised of Route Authorities, Slots and/or Foreign Gate Leaseholds in the calculation of the Collateral Coverage Ratio with respect to the date of commencement of such transaction, (ii) the Collateral Agent’s Liens on
such Collateral are not materially adversely affected by such transaction; provided that the certification in this clause (ii) shall not be required with respect to any such Leased Collateral comprised of Slots and/or Foreign Gate
Leaseholds and (iii) no Event of Default exists at the time of such transaction; 
 (7) any retiming or other adjustment
of the time or time period for landing or takeoff or any adjustment with respect to terminal access or seating capacity, in each case with respect to any Slot (whether accomplished by modification, substitution or exchange or swap) for which no
consideration is received by the Borrower or any of its Affiliates; 

  
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provided that in the event that any such retiming or other adjustment of the time or time period for landing or takeoff or any adjustment with respect to terminal access or seating
capacity, in each case, with respect to any Slot shall be deemed to constitute a new Slot, such new Slot shall not constitute consideration received by the Borrower or any of its Affiliates for purposes of this clause (7); 

(8) any Disposition of Collateral comprised of a Route Authority, Slot or Gate Leasehold resulting from any legislation,
regulation, policy or other action of the FAA, the DOT, any applicable Foreign Aviation Authority, Airport Authority or any other Governmental Authority that affects the existence, availability or value of properties or rights of the same type as
the Route Authorities, Slots or Gate Leaseholds to air carriers generally (and not solely to the Borrower), including any such legislation, regulation, policy or action relating to the applicability of Foreign Slots or FAA Slots to flight operations
at any airport and for which no consideration is received by the Borrower or any of its Affiliates; provided that any other Route Authority, Slot or Gate Leasehold and any retiming or other adjustment of the time or time period for landing or
takeoff or any adjustment with respect to the terminal access or seating capacity with respect to any Slot received by the Borrower or any of its Affiliates in connection with such Disposition shall not constitute consideration; 

(9) any Disposition of property resulting from an event of loss with respect to any aircraft, airframe, engine or spare engine
if the Grantor is replacing such aircraft, airframe, engine or spare engine in accordance with the terms of the applicable Aircraft Security Agreement or Spare Engine Security Agreement; and 

(10) any Disposition of Collateral permitted by any of the Collateral Documents (to the extent such permission is not made by
cross-reference to, or incorporation by reference of, a Disposition of Collateral permitted under Section 6.04(ii)). 

(11) any Slot Arrangement not otherwise permitted in clauses (1) through (10) above, so long as: 

 

	 	(A)	such Slot Arrangement is entered into with any other Person if such Slot Arrangement is subject and subordinated to the rights of the Collateral Agent under the applicable Collateral Documents on terms reasonably
satisfactory to the Collateral Agent (provided that, in connection with the Collateral Agent’s enforcement of any remedies under this Agreement, the Collateral Agent shall not terminate or otherwise interfere with such Slot Arrangement prior to
its expiration pursuant to the terms thereof) (iii) as of the date of the entry into such Slot Arrangement, no Event of Default shall have occurred and be continuing and (iv) as of the date of the entry into such Slot Arrangement, the
Borrower shall be in compliance with Section 6.08; 

  
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	 	(B)	such Slot Arrangement is effected in the Ordinary Course of Business of Parent or any Subsidiary of Parent in managing its portfolio of Slots and does not result in the sale or loss of Parent’s or such Subsidiary
of Parent’s ownership interest in Pledged Slots subject to such Slot Arrangement; provided, that if any such Slot Arrangement is for a term in excess of one year, (i) such Slot Arrangement shall be subject and subordinate to the
rights (including remedies) of the Administrative Agent under the applicable Collateral Documents or (ii) if all Pledged Slots subject to such Slot Arrangement were excluded from the Collateral, no Collateral Coverage Failure would occur;
provided, further, that for the avoidance of doubt successive Slot Arrangements for terms not in excess of one year (including any Slot Arrangements that are renewed) shall not be subject to the immediately preceding proviso;

  

	 	(C)	such Slot Arrangement is for purposes of operations by another airline operating under a brand associated with the Borrower or otherwise operating routes at the Borrower’s direction under a code share agreement,
capacity purchase agreement, pro-rate agreement or similar arrangement between such airline and the Borrower; provided, that such Slot Arrangement shall not result in the sale or loss of Parent’s
or any Subsidiary of Parent’s ownership interest in Pledged Slots subject to such Slot Arrangement; provided, further, that if any such Slot Arrangement is for a term in excess of one year, (i) such Slot Arrangement shall be
subject and subordinate to the rights (including remedies) of the Administrative Agent under the applicable Collateral Documents or (ii) if all Pledged Slots subject to such Slot Arrangement were excluded from the Collateral, no Collateral
Coverage Failure would occur; provided, further, that for the avoidance of doubt successive Slot Arrangements for terms not in excess of one year (including any Slot Arrangements that are renewed) shall not be subject to the
immediately preceding proviso; or 

  

	 	(D)	such Slot Arrangement is subject and subordinated to the rights (including remedies) of the Collateral Agent under the applicable Collateral Documents on terms reasonably satisfactory to the Collateral Agent.

 “Permitted Investments” shall mean: 

(1) any Investment in Parent or in a Restricted Subsidiary of Parent; 

(2) any Investment in cash, Cash Equivalents and any foreign equivalents; 

  
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 (3) any Investment by Parent or any Restricted Subsidiary of Parent in a Person,
if as a result of such Investment: 
  

	 	(A)	such Person becomes a Restricted Subsidiary of Parent; or 

  

	 	(B)	such Person, in one transaction or a series of related and substantially concurrent transactions, is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its assets to, or is
liquidated into, Parent or a Restricted Subsidiary of Parent; 

 (4) any Investment made as a result of the
receipt of non-cash consideration from a Disposition of assets; 
 (5) any
acquisition of assets or Capital Stock in exchange for the issuance of Qualifying Equity Interests; 
 (6) any Investments
received in compromise or resolution of (A) obligations of trade creditors or customers that were incurred in the Ordinary Course of Business of Parent or any of its Restricted Subsidiaries, including pursuant to any plan of reorganization or
similar arrangement upon the bankruptcy or insolvency of any trade creditor or customer or (B) litigation, arbitration or other disputes; 

(7) Investments represented by Hedging Obligations or made in connection therewith (including any cash collateral or other
collateral that does not constitute Collateral provided to or by Parent or any of its Restricted Subsidiaries in connection with any Hedging Obligation); 

(8) loans or advances to officers, directors or employees made in the Ordinary Course of Business of Parent or any Restricted
Subsidiary of Parent in an aggregate principal amount not to exceed $30,000,000 at any one time outstanding; 
 (9)
prepayment or purchase of any Loans in accordance with the terms and conditions of this Agreement; 
 (10) any Guarantee of
Indebtedness; 
 (11) any Investment existing on, or made pursuant to binding commitments existing on, the Closing Date and
any Investment consisting of an extension, modification or renewal of any Investment existing on, or made pursuant to a binding commitment existing on, the Closing Date; provided that the amount of any such Investment may be increased
(A) as required by the terms of such Investment as in existence on the Closing Date or (B) as otherwise permitted under this Agreement; 

(12) (a) Investments or commitments to make Investments existing on the date hereof and any Investments consisting of
extensions, modifications or renewals of such Investments and (b) any other Investments or commitments to make Investments acquired after the Closing Date and any Investments consisting of extensions,

  
 47 

 
modifications or renewals of such Investments as a result of the acquisition by Parent or any Restricted Subsidiary of Parent of another Person, including by way of a merger, amalgamation or
consolidation with or into Parent or any of its Restricted Subsidiaries in a transaction that is not prohibited by Section 6.10 after the Closing Date to the extent that such Investments were not made in contemplation of such acquisition,
merger, amalgamation or consolidation and were in existence on the date of such acquisition, merger, amalgamation or consolidation; 

(13) the acquisition by a Receivables Subsidiary in connection with a Qualified Receivables Transaction of Equity Interests of
a trust or other Person established by such Receivables Subsidiary to effect such Qualified Receivables Transaction; and any other Investment by Parent or a Subsidiary of Parent in a Receivables Subsidiary or any Investment by a Receivables
Subsidiary in any other Person in connection with a Qualified Receivables Transaction; 
 (14) Receivables arising in the
Ordinary Course of Business, and Investment in Receivables and related assets including pursuant to a Receivables Repurchase Obligation; 

(15) Investments in connection with outsourcing initiatives in the Ordinary Course of Business; 

(16) Permitted Bond Hedge Transactions which constitute Investments; 

(17) Investments having an aggregate Fair Market Value (measured on the date each such Investment was made and without giving
effect to subsequent changes in value other than a reduction for all returns of principal in cash and capital dividends in cash), when taken together with all Investments made pursuant to this clause (17) that are at the time outstanding, not
to exceed 30% of the Consolidated Total Assets of Parent and its Restricted Subsidiaries at the time of such Investment; 

(18) Investments consisting of reimbursable extensions of credit; provided that any such Investment made pursuant to
this clause (18) shall not be permitted if unreimbursed within 90 days of any such extension of credit; 
 (19)
Investments in connection with financing any pre-delivery, progress or other similar payments relating to the acquisition of Aircraft Related Equipment; 

(20) Investments in Non-Recourse Financing Subsidiaries (other than Receivables
Subsidiaries in connection with Qualified Receivables Transactions), in an aggregate amount outstanding at any time not to exceed $300,000,000; 

(21) Investments consisting of payments to or on behalf of any Person (including without limitation any third-party service provider) for purposes of improving or reconfiguring aircraft or Aircraft Related Equipment owned or operated by such Person in order to enhance or improve the brand under which Parent or any of
its Affiliates operate, in an aggregate amount outstanding at any time not to exceed $300,000,000; 

  
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 (22) Investments in travel or airline related businesses made in connection with
Marketing and Service Agreements, alliance agreements, distribution agreements, agreements relating to flight training, agreements relating to insurance arrangements, agreements relating to spare parts management systems and other similar agreements
which Investments under this clause (22) (excluding Investments existing on the Closing Date) shall not exceed $300,000,000 at any time outstanding; 

(23) Investments consisting of payroll advances and advances for business and travel expenses in the Ordinary Course of
Business; 
 (24) Investments made by way of any endorsement of negotiable instruments received in the Ordinary Course of
Business and presented to any bank for collection or deposit; 
 (25) Investments consisting of stock, obligations or
securities received in settlement of amounts owing to Parent or any Restricted Subsidiary in the Ordinary Course of Business or in a distribution received in respect of an Investment permitted hereunder; 

(26) Investments made in Unrestricted Subsidiaries not to exceed $30,000,000 in any fiscal year in the aggregate; 

(27) Investments (including through special-purpose subsidiaries or Unrestricted Subsidiaries) in fuel and credit card
consortia and in connection with agreements with respect to fuel consortia, credit card consortia and fuel supply and sales, in each case, in the Ordinary Course of Business; 

(28) Investments consisting of advances and loans to Affiliates of Parent or any of its Restricted Subsidiaries, in an
aggregate amount outstanding at any time not to exceed $300,000,000; 
 (29) Investments made in Excluded Subsidiaries
consistent with past practice and not to exceed $30,000,000 per fiscal year in the aggregate; 
 (30) Guarantees incurred in
the Ordinary Course of Business of obligations that do not constitute Indebtedness of any regional air carrier doing business with any of Parent’s Restricted Subsidiaries in connection with the regional air carrier’s business with such
Restricted Subsidiary; advances to airport operators of landing fees and other customary airport charges for carriers on behalf of which Parent or any of its Restricted Subsidiaries provides ground handling services; 

(31) so long as no Default or Event of Default has occurred and is continuing, any Investment by Parent and/or any Restricted
Subsidiary of Parent; 
 (32) Investments consisting of guarantees of Indebtedness of any Person to the extent that such
Indebtedness is incurred by such Person in connection with activities related to the business of Parent or any Restricted Subsidiary of Parent and Parent has determined that the incurrence of such Indebtedness is beneficial to the business of Parent
or any of its Restricted Subsidiaries, in an aggregate amount outstanding at any time not to exceed $300,000,000; and 
 (33)
ownership by each of Parent and its Restricted Subsidiaries of the Capital Stock of each of its wholly-owned Subsidiaries. 

  
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 “Permitted Liens” shall mean: 

(1) Liens held by the Collateral Agent or trustee (as applicable) securing Obligations; 

(2) Liens securing Junior Secured Debt; provided that such Liens shall (x) rank junior to the Liens in favor of the
Collateral Agent securing the Obligations and (y) be subject to any Intercreditor Agreement or any Other Intercreditor Agreement; 

(3) Liens for taxes, assessments or governmental charges or claims that are not yet delinquent or that are being contested in
good faith by appropriate proceedings promptly instituted and diligently pursued; provided that any reserve or other appropriate provision as is required in conformity with GAAP has been made therefor; 

(4) Liens imposed by law, including carriers’, vendors’, materialmen’s, warehousemen’s, landlord’s,
mechanics’, repairmen’s, employees’ or other like Liens, in each case, incurred in the Ordinary Course of Business; 

(5) Liens arising by operation of law in connection with judgments, attachments or awards which do not constitute an Event of
Default hereunder; 
 (6) Liens created for the benefit of (or to secure) the Obligations or any Guaranty Obligations; 

(7) Liens on Receivables and related assets of the type specified in the definition of “Qualified Receivables
Transaction,” incurred in connection with a Qualified Receivables Transaction; 
 (8) (A) any overdrafts and
related liabilities arising from treasury, netting, depository and cash management services or in connection with any automated clearing house transfers of funds, in each case as it relates to cash or Cash Equivalents, if any, and (B) Liens
arising by operation of law or that are contractual rights of set-off in favor of the depository bank or securities intermediary in respect of the Letter of Credit Account or the Collateral Proceeds Account;

 (9) licenses, sublicenses, leases and subleases by any Grantor as they relate to any aircraft, airframe, engine or any
other Additional Collateral and to the extent (A) such licenses, sublicenses, leases or subleases do not interfere in any material respect with the business of Parent and its Restricted Subsidiaries, taken as a whole, and in each case, such
license, sublicense, lease or sublease is to be subject to the Liens granted to the Collateral Agent pursuant to the Collateral Documents or (B) otherwise expressly permitted by the Collateral Documents; 

  
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 (10) mortgages, easements (including, without limitation, reciprocal easement
agreements and utility agreements), rights of way, covenants, reservations, encroachments, land use restrictions, encumbrances or other similar matters and title defects, in each case as they relate to Real Property Assets, which (A) do not
interfere materially with the ordinary conduct of the business of Parent and its Subsidiaries, taken as a whole, or their utilization of such property, (B) do not materially detract from the value of the property to which they attach or
materially impair the use thereof to Parent and its Subsidiaries, taken as a whole and (C) do not materially adversely affect the marketability of the applicable property; 

(11) salvage or similar rights of insurers, in each case as it relates to any aircraft, airframe, engine, Spare Parts or any
Additional Collateral, if any; 
 (12) in each case as it relates to any aircraft, Liens on appliances, parts, components,
instruments, appurtenances, furnishings and other equipment installed on such aircraft and separately financed by a Grantor, to secure such financing; 

(13) Liens incurred in the Ordinary Course of Business of Parent or any Restricted Subsidiary of Parent with respect to
obligations that do not exceed in the aggregate $30,000,000 at any one time outstanding; 
 (14) Liens on Collateral directly
resulting from (x) any Disposition permitted under Section 6.04 or (y) any sale of such Collateral in compliance with Section 6.04; 

(15) any Transfer Restriction that applies to the transfer or assignment (other than the pledge, grant or creation of a
security interest or mortgage) of any asset, right or property constituting Collateral; 
 (16) with respect to engines
(including spare engines) or parts (including spare parts), Liens relating to any pooling, exchange, interchange, borrowing or maintenance servicing agreement or arrangement entered into in the Ordinary Course of Business; 

(17) with respect to spare parts (including Spare Parts), purchase money security interest Liens held by a vendor for goods
purchased from such vendor, in each case arising in the Ordinary Course of Business and for which the Borrower or the applicable Grantor pays such vendor within 60 days of such purchase; 

(18) Liens on Collateral permitted by any of the Collateral Documents; 

(19) Liens securing Pari Passu Senior Secured Debt; provided that such Liens shall (x) rank pari passu with
the Liens in favor of the Collateral Agent securing the Obligations and (y) be subject to any Intercreditor Agreement or any Other Intercreditor Agreement; 

(20) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in
connection with the importation of goods in the Ordinary Course of Business; 

  
 51 

 (21) in the case of any leased real property, any interest or title of the lessor
thereof; 
 (22) Liens of creditors of any Person to whom Parent’s or any of its Restricted Subsidiaries’ assets
constituting Collateral of the type described in clause (b), (c), (d), (e), (f) or (g) of the definition of “Additional Collateral” are consigned for sale in the Ordinary Course of Business, so long as such Liens of such creditors are
subject and subordinate to the Liens of the Collateral Agent on such Collateral; 
 (23) Liens on Pledged Slots attributable
to any Slot Arrangement or to the usage of any Slot by the Borrower or an Affiliate of the Borrower; 
 (24) Liens on Slots
constituting Collateral attributable to any Slot Arrangement; provided that such Liens are required to be released or will cease to be effective upon the termination or expiration of such Slot Arrangement; 

(25) Liens arising from precautionary UCC and similar financing statements relating to Operating Leases not otherwise
prohibited under any Loan Document; and 
 (26) Liens on Ground Service Equipment constituting Collateral solely to the
extent attributable to the possession or use of such Ground Service Equipment constituting Collateral by Parent or any Subsidiary of Parent, so long as such Liens are subject and subordinate to the Lien of the Collateral Agent on such Collateral.

 “Permitted Person” shall have the meaning set forth in the definition of “Change of Control.” 

“Permitted Refinancing Indebtedness” shall mean any Indebtedness (or commitments in respect thereof) of Parent or any of its
Restricted Subsidiaries incurred in exchange for, or the net proceeds of which are used to renew, refund, extend, refinance, replace, defease or discharge all or a portion of other Indebtedness of any of Parent or any of its Restricted Subsidiaries
(other than intercompany Indebtedness); provided that: 
 (1) the principal amount (or accreted value, if applicable)
of such Permitted Refinancing Indebtedness does not exceed the original principal amount (or accreted value, if applicable) when initially incurred of the Indebtedness renewed, refunded, extended, refinanced, replaced, defeased or discharged (plus
all accrued interest on the Indebtedness (whether or not capitalized or accreted or payable on a current basis) and the amount of all fees and expenses, including premiums, incurred in connection therewith (such original principal amount plus such
amounts described above, collectively, for purposes of this clause (1), the “preceding amount”)); provided that with respect to any such Permitted Refinancing Indebtedness that is refinancing secured Indebtedness and is
secured by the same collateral, the principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness shall not exceed the greater of the preceding amount and the Fair Market Value of the assets securing such Permitted
Refinancing Indebtedness (which Fair Market Value may, at the time of an advance commitment, be determined to be the Fair Market Value at the time of such commitment or (at the option of the issuer of such Indebtedness) the Fair Market Value
projected for the time of incurrence of such Indebtedness); 

  
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 (2) if such Permitted Refinancing Indebtedness has a maturity date that is after
the Term Loan Maturity Date (with any amortization payment comprising such Permitted Refinancing Indebtedness being treated as maturing on its amortization date), such Permitted Refinancing Indebtedness has a Weighted Average Life to Maturity that
is (A) equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being renewed, refunded, extended, refinanced, replaced, defeased or discharged or (B) more than 60 days after the Term Loan Maturity Date;

 (3) if the Indebtedness being renewed, refunded, extended, refinanced, replaced, defeased or discharged is subordinated in
right of payment to the Loans, such Permitted Refinancing Indebtedness is subordinated in right of payment to the Loans on terms at least as favorable to the Lenders as those contained in the documentation governing the Indebtedness being renewed,
refunded, extended, refinanced, replaced, defeased or discharged; and 
 (4) notwithstanding that the Indebtedness being
renewed, refunded, refinanced, extended, replaced, defeased or discharged may have been repaid or discharged by Parent or any of its Restricted Subsidiaries prior to the date on which the new Indebtedness is incurred, Indebtedness that otherwise
satisfies the requirements of this definition may be designated as Permitted Refinancing Indebtedness so long as such renewal, refunding, refinancing, extension, replacement, defeasance or discharge occurred not more than 36 months prior to the date
of such incurrence of Permitted Refinancing Indebtedness. 
 “Permitted Warrant Transaction” shall mean any call option,
warrant or right to purchase (or substantively equivalent derivative transaction) on Parent’s common stock sold by Parent substantially concurrently with any purchase of a related Permitted Bond Hedge Transaction. 

“Person” shall mean any person, including any individual, corporation, partnership, joint venture, association, joint stock
company, trust, unincorporated organization, limited liability company, government or any agency or political subdivision thereof or other entity and, for the avoidance of doubt, includes the DOT, the FAA, any Airport Authority, any Foreign Aviation
Authority and any other Governmental Authority. 
 “Plan” shall mean any “employee benefit plan” (other than a
“multiemployer plan” as defined in Section 4001(a)(3) of ERISA), that is maintained or is contributed to by the Borrower or any ERISA Affiliate and that is a pension plan subject to the provisions of Title IV of ERISA,
Sections 412 or 430 of the Code or Section 302 of ERISA. 
 “Pledged Foreign Gate Leaseholds” shall mean, as of
any date, the Foreign Gate Leaseholds included in the Collateral as of such date, if any. 
 “Pledged Gate Leaseholds”
shall mean, as of any date, the Gate Leaseholds included in the Collateral as of such date, if any. 

  
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 “Pledged Route Authorities” shall mean, as of any date, the Route Authorities
included in the Collateral as of such date, if any. 
 “Pledged Slots” shall mean, as of any date, the Slots included in
the Collateral as of such date, if any. 
 “Pledged Spare Parts” shall have the meaning set forth in the Spare Parts
Security Agreement. 
 “Precedent SGR Appraisal” shall mean that certain appraisal dated as of April 8, 2015 and
delivered in connection with that certain Amended and Restated Credit and Guaranty Agreement, dated as of April 20, 2015 by and among the Parent, Borrower and Citibank N.A., as administrative agent and collateral agent. 

“Prime Rate” shall mean the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the U.S.
or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate
or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as determined by the Administrative Agent). 

“QEC Kits” shall mean the quick engine change kits owned by Parent or any of its Restricted Subsidiaries. 

“Qualified Receivables Transaction” shall mean any transaction or series of transactions entered into by Parent or any of its
Subsidiaries pursuant to which Parent or any of its Subsidiaries sells, conveys or otherwise transfers to (a) a Receivables Subsidiary or any other Person (in the case of a transfer by Parent or any of its Subsidiaries) and (b) any other
Person (in the case of a transfer by a Receivables Subsidiary), or grants a security interest in, any Receivables (whether now existing or arising in the future) of Parent or any of its Subsidiaries, and any assets related thereto including, without
limitation, all Equity Interests and other investments in the Receivables Subsidiary, all collateral securing such Receivables, all contracts and all guarantees or other obligations in respect of such Receivables, proceeds of such Receivables and
other assets which are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Receivables, other than assets that constitute Collateral or proceeds of
Collateral. 
 “Qualified Replacement Assets” shall mean Additional Collateral of the types described in clauses (b),
(c), (d), (e), (f) and (g) of the definition of “Additional Collateral.” 
 “Qualifying Collateral” shall
mean Collateral other than Foreign Gate Leaseholds. 
 “Qualifying Equity Interests” shall mean Equity Interests of Parent
other than Disqualified Stock. 

  
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 “Real Property Assets” shall mean parcels of real property owned in fee by the
Borrower or any other Grantor and together with, in each case, all buildings, improvements, facilities, appurtenant fixtures and equipment, easements and other property and rights incidental or appurtenant to the ownership of such parcel of real
property or any leasehold interests in real property held by the Borrower or any other Grantor. 
 “Receivables” shall mean
Accounts, and shall also include ticket receivables, sales of frequent flyer miles and other present and future revenues and receivables that may be the subject of a Qualified Receivables Transaction or another financing transaction. 

“Receivables Repurchase Obligation” shall mean any obligation of a seller of Receivables in a Qualified Receivables
Transaction to repurchase Receivables and related assets arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a Receivable or portion thereof becoming subject to any asserted defense,
dispute, offset or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller. 

“Receivables Subsidiary” shall mean (x) a Subsidiary of Parent which engages in no activities other than in connection
with the financing or securitization of Receivables and which is designated by the Board of Directors of the Borrower or of Parent (as provided below) as a Receivables Subsidiary (a) no portion of the Indebtedness or any other obligations
(contingent or otherwise) of which (1) is guaranteed by Parent or any Restricted Subsidiary of Parent (other than comprising a pledge of the Capital Stock or other interests in such Receivables Subsidiary (an “incidental
pledge”), and excluding any guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to representations, warranties, covenants and indemnities entered into in the Ordinary Course of Business in
connection with a Qualified Receivables Transaction), (2) is recourse to or obligates Parent or any Restricted Subsidiary of Parent in any way other than through an incidental pledge or pursuant to representations, warranties, covenants and
indemnities entered into in the Ordinary Course of Business in connection with a Qualified Receivables Transaction or (3) subjects any property or asset of Parent or any Subsidiary of Parent (other than accounts receivable and related assets as
provided in the definition of “Qualified Receivables Transaction”), directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to representations, warranties, covenants and indemnities
entered into in the Ordinary Course of Business in connection with a Qualified Receivables Transaction, (b) with which neither Parent nor any Subsidiary of Parent has any material contract, agreement, arrangement or understanding (other than
pursuant to the Qualified Receivables Transaction) other than (i) on terms no less favorable to Parent or such Subsidiary than those that might be obtained at the time from Persons who are not Affiliates of Parent, and (ii) fees payable in
the Ordinary Course of Business in connection with servicing accounts receivable and (c) with which neither Parent nor any Subsidiary of Parent has any obligation to maintain or preserve such Subsidiary’s financial condition, other than a
minimum capitalization in customary amounts, or to cause such Subsidiary to achieve certain levels of operating results or (y) any Subsidiary of a Receivables Subsidiary. Any such designation by the Board of Directors of the Borrower or of
Parent will be evidenced to the Administrative Agent by filing with the Administrative Agent a certified copy of the resolution of the Board of Directors of the Borrower or of Parent giving effect to such designation and an Officer’s
Certificate certifying that such designation complied with the foregoing conditions. For the avoidance of doubt, Parent and any Restricted Subsidiary of Parent may enter into Standard Securitization Undertakings for the benefit of a Receivables
Subsidiary. 

  
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 “Recovery Event” shall mean any settlement of or payment by the applicable
insurer in respect of any property or casualty insurance claim or any condemnation proceeding relating to any Collateral or any Event of Loss (as defined in the related Collateral Document pursuant to which a security interest in such Collateral is
granted to the Collateral Agent or trustee (as applicable), if applicable). 
 “Refinanced Loans” shall have the meaning
set forth in Section 10.08(e). 
 “Refinanced Revolving Loans” shall have the meaning set forth in
Section 10.08(e). 
 “Refinanced Term Loans” shall have the meaning set forth in Section 10.08(e). 

“Regional Airline” shall mean Envoy Aviation Group Inc., Piedmont Airlines, Inc. and PSA Airlines, Inc. and their respective
Subsidiaries. 
 “Register” shall have the meaning set forth in Section 10.02(b)(iv). 

“Related Parties” shall mean, with respect to any specified Person, such Person’s Affiliates and the respective
directors, officers, partners, members, employees, agents and advisors of such Person and such Person’s Affiliates. 

“Release” shall have the meaning specified in Section 101(22) of the Comprehensive Environmental Response Compensation
and Liability Act. 
 “Replaceable Lender” shall have the meaning set forth in Section 10.02(j). 

“Replacement Loans” shall have the meaning set forth in Section 10.08(e). 

“Replacement Revolving Loans” shall have the meaning set forth in Section 10.08(e). 

“Replacement Term Loans” shall have the meaning set forth in Section 10.08(e). 

“Repricing Event” shall mean (a) any prepayment, repayment, refinancing, substitution or replacement of all or a portion
of the Class B Term Loans with the proceeds of, or any conversion of Term Loans into, any new or replacement Class of, or new facility of, syndicated term loans by the Borrower in the principal amount of the Class B Term Loans
prepaid, repaid, refinanced, substituted, replaced or converted and secured by the Collateral (including Replacement Term Loans or other term loans under this Agreement) having an “effective yield,” determined by the Administrative Agent
in consultation with the Borrower (taking into account interest rate margin and benchmark floors, recurring fees and all upfront or similar fees or original issue discount (amortized over four years) paid to the lenders providing such Indebtedness,
but excluding any arrangement, structuring, syndication or other fees payable in connection therewith that are not shared ratably with all lenders or holders of such term loans 

  
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in their capacities as lenders or holders of such term loans), less than the “effective yield” applicable to the Class B Term Loans being prepaid, repaid, refinanced, substituted,
replaced or converted (determined on the same basis as provided in the preceding parenthetical) and (b) any amendment to this Agreement (including pursuant to a Replacement Term Loan or other term loans under this Agreement) to the Class B
Term Loans or any tranche thereof which reduces the “effective yield” applicable to such Class B Term Loans (as determined on the same basis as provided in clause (a)), in each case only if the primary purpose of such prepayment,
repayment, substitution, replacement or amendment was to reduce the “effective yield” applicable to such Class B Term Loans. 

“Required Class Lenders” shall mean (i) with respect to any Class of Term Loans, the Term
Lenders having more than 50% of all outstanding Term Loans of such Class and (ii) with respect to the Revolving Loans of a Class, the Required Revolving Lenders of such Class. The outstanding Term Loans and Term Loan Commitments of
any Defaulting Lender should be disregarded for purposes of any determination with respect to a Class of Term Loans. 

“Required Lenders” shall mean, at any time, Lenders holding more than 50% of (a) until the Closing Date, the
Commitments then in effect and (b) thereafter, the sum of (i) the aggregate principal amount of all Term Loans outstanding and (ii) the Total Revolving Commitments then in effect or, if the Revolving Commitments have been terminated,
the Total Revolving Extensions of Credit then outstanding. The Revolving Extensions of Credit, outstanding Loans and Commitments of any Defaulting Lender shall be disregarded in determining the “Required Lenders” at any time. 

“Required Revolving Lenders” shall mean, at any time, Lenders holding more than 50% of the Total Revolving Commitments
then in effect or, if the Revolving Commitments have been terminated, the Total Revolving Extensions of Credit then outstanding. The Revolving Extensions of Credit and Revolving Commitments of any Defaulting Lender shall be disregarded in
determining the “Required Revolving Lenders” at any time. 
 “Required Term Lenders” shall mean, at any time,
Lenders holding more than 50% of (a) until the Closing Date, the Term Loan Commitments then in effect and (b) thereafter, the aggregate principal amount of all Term Loans outstanding. The outstanding Term Loans and Term Loan
Commitments of any Defaulting Lender shall be disregarded in determining the “Required Term Lenders” at any time. 

“Responsible Officer” shall mean, with respect to any Person, the Chairman of the Board of Directors, the Vice Chairman of
the Board of Directors, the President, the Chief Financial Officer, any Executive Vice President, any Senior Vice President, any Vice President, the Secretary, any Assistant Corporate Secretary, the Treasurer or any Assistant Treasurer. 

“Restricted Investment” shall mean an Investment other than a Permitted Investment. 

“Restricted Payments” shall have the meaning set forth in Section 6.01(a)(iv). 

“Restricted Subsidiary” of a Person shall mean any Subsidiary of the referent Person that is not an Unrestricted Subsidiary.

  
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 “Revolver Availability Date” shall mean the date to be agreed between the
Borrower and the Revolving Lenders. 
 “Revolver Extension” shall have the meaning set forth in Section 2.28(b). 

“Revolver Extension Offer” shall have the meaning set forth in Section 2.28(b). 

“Revolver Extension Offer Date” shall have the meaning set forth in Section 2.28(b)(i). 

“Revolving Availability Period” shall mean the period from and including the Revolver Availability Date to but excluding the
Revolving Facility Termination Date with respect to the applicable Revolving Commitments. 
 “Revolving Commitment” shall
mean $0, as the same may be changed from time to time pursuant to the terms hereof. 
 “Revolving Commitment Percentage”
shall mean, at any time, with respect to each Revolving Lender, the percentage obtained by dividing its Revolving Commitment at such time by the Total Revolving Commitment or, if the Revolving Commitments have been terminated, the Revolving
Commitment Percentage of each Revolving Lender that existed immediately prior to such termination. 
 “Revolving Extension of
Credit” shall mean, as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding and (b) such Lender’s Revolving
Commitment Percentage of the LC Exposure then outstanding. 
 “Revolving Facility” shall mean the Revolving Commitments and
the Revolving Loans made and Letters of Credit issued thereunder. 
 “Revolving Facility Maturity Date” shall mean, with
respect to (a) Revolving Commitments that have not been extended pursuant to Section 2.28(b), a date to be agreed between the Borrower and the Revolving Lenders and (b) with respect to Extended Revolving Commitments, the final
maturity date therefor as specified in the applicable Extension Offer accepted by the respective Revolving Lender or Revolving Lenders. 

“Revolving Facility Termination Date” shall mean the earlier to occur of (a) the Revolving Facility Maturity Date with
respect to the applicable Revolving Commitments, (b) the acceleration of the Loans (if any) and the termination of the Commitments in accordance with the terms hereof and (c) the termination of the applicable Revolving Commitments as a
whole pursuant to Section 2.11. 
 “Revolving Lender” shall mean each Lender having a Revolving Commitment. 

“Revolving Loans” shall have the meaning set forth in Section 2.01(a). 

  
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 “Route Authority” shall mean any route authority (including any applicable
certificate, exemption and frequency authorities, or portion thereof) granted by the DOT or any other Governmental Authority and held by any Person pursuant to any treaties or agreements entered into by any applicable Governmental Authority and as
in effect from time to time that permit such Person to operate international air carrier service. 
 “S&P” shall mean
Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. 

“Sage” shall mean Sage Popovich, Inc. 

“Sale of a Grantor” shall mean, with respect to any Collateral, an issuance, sale, lease, conveyance, transfer or other
disposition of the Capital Stock of the applicable Grantor that owns such Collateral other than (1) an issuance of Equity Interests by a Grantor to Parent or another Restricted Subsidiary of Parent and (2) an issuance of directors’
qualifying shares. 
 “Scheduled Services” shall mean, at any time of determination, each scheduled air carrier service
specified in any SGR Security Agreement. 
 “Screen Rate” shall have the meaning set forth in the definition of “LIBO
Rate”. 
 “SEC” shall mean the United States Securities and Exchange Commission. 

“Secured Parties” shall mean each Agent, any trustee appointed pursuant to Section 8.01(d) with respect to an Aircraft
Security Agreement or Spare Engine Security Agreement, the Issuing Lenders, the Lenders and all other holders of Obligations. 

“Securities Act” shall mean the Securities Act of 1933, as amended. 

“SGR Security Agreement” shall mean any security agreement related to Route Authorities, Slots and/or Foreign Gate Leaseholds
substantially in the form of Exhibit B hereto. 
 “Significant Subsidiary” shall mean any Restricted Subsidiary of
Parent that would be a “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as
such Regulation is in effect on the date of this Agreement. 
 “Slot” shall mean each FAA Slot and each Foreign Slot. 

“Slot Arrangement” means any lease or sublease of, or use or license agreements with respect to, Collateral that is comprised
of Pledged Slots that are pledged pursuant to the Slot Security Agreement and swap agreements or similar arrangements with respect to such Pledged Slots. 

“Slot Security Agreement” shall mean the Slot Security Agreement, dated December 15, 2016, by and among the Borrower, as
grantor, the other grantors party thereto from time to time and the Collateral Agent, or any subsequent security agreement executed and delivered to the Administrative Agent substantially in the form of Exhibit A hereto. 

  
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 “Solvent” shall mean, with respect to any Person, that as of the date of
determination, (1) the sum of such Person’s debt and liabilities (including contingent and subordinated liabilities) does not exceed the fair value of such Person’s present assets; (2) such Person’s capital is not
unreasonably small in relation to its business as contemplated on the Closing Date; (3) such Person is able to pay its debts and liabilities as they become due (whether at maturity or otherwise) and (4) the present fair saleable value of
the property of such Person is greater than the amount that will be required to pay the probable liability of its debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured.
For purposes of this definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to
become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for accrual under Statement of Financial Accounting Standard No. 5 or any other analogous criteria in any jurisdiction). 

“Spare Engines Security Agreement” shall mean any security agreement related to aircraft engines substantially in the form of
Exhibit K hereto. 
 “Spare Parts” shall mean any and all appliances, parts, instruments, appurtenances, accessories,
avionics, furnishings, seats and other equipment of whatever nature which are of the type of aircraft spare parts other than any QEC Kits, excluding any such spare parts to the extent installed on any aircraft or engine from time to time. 

“Spare Parts Facility Appraisal” shall mean that certain appraisal, dated March 10, 2016 and delivered in connection
with that certain Credit and Guaranty Agreement, dated as of April 29, 2016 by and among the Parent, Borrower and Barclays Bank PLC, as administrative agent and collateral agent. 

“Spare Parts Locations” shall have the meaning set forth in the Spare Parts Security Agreement. 

“Spare Parts Security Agreement” shall mean any security agreement related to Spare Parts substantially in the form of
Exhibit D hereto. 
 “Specified Real Property Assets” shall mean the Real Property Assets for which an Appraised Value
was determined and set forth in the Initial Appraisal. 
 “Standard Securitization Undertakings” shall mean all
representations, warranties, covenants, indemnities, performance Guarantees and servicing obligations entered into by Parent or any Subsidiary (other than a Receivables Subsidiary), which are customary in connection with any Qualified Receivables
Transaction. 
 “Stated Maturity” shall mean, with respect to any installment of interest or principal on any series of
Indebtedness, the date on which the payment of interest or principal was scheduled to be paid in the documentation governing such Indebtedness as of the Closing Date, and will not include any contingent obligations to repay, redeem or repurchase any
such interest or principal prior to the date originally scheduled for the payment thereof. 

  
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 “Statutory Reserve Rate” shall mean a fraction (expressed as a decimal), the
numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by
the Board to which the Administrative Agent is subject with respect to the LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include those
imposed pursuant to such Regulation D. Eurodollar Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from
time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in reserve percentage. 

“Subject Company” shall have the meaning set forth in Section 6.10(a). 

“Subsidiary” shall mean, with respect to any Person: 

(1) any corporation, association or other business entity (other than a partnership, joint venture or limited liability
company) of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency and after giving effect to any voting agreement or stockholders’ agreement that effectively
transfers voting power) to vote in the election of directors, managers or trustees of the corporation, association or other business entity is at the time of determination owned or controlled, directly or indirectly, by such Person or one or more of
the other Subsidiaries of such Person (or a combination thereof); and 
 (2) any partnership, joint venture or limited
liability company of which (A) more than 50% of the capital accounts, distribution rights, total equity and voting interests or general and limited partnership interests, as applicable, are owned or controlled, directly or indirectly, by
such Person or one or more of the other Subsidiaries of such Person or a combination thereof, whether in the form of membership, general, special or limited partnership interests or otherwise and (B) such Person or any Subsidiary of such Person
is a controlling general partner or otherwise controls such entity. 
 “Swap Obligation” shall mean, with respect to any
Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. 

“Syndication Agent” shall have the meaning set forth in the preamble to this Agreement. 

“System Value” shall have the meaning set forth in the Spare Parts Security Agreement. 

“Taxes” shall mean any and all present or future taxes, levies, imposts, duties, assessments, fees, deductions, charges or
withholdings imposed by any Governmental Authority including any interest, additions to tax or penalties applicable thereto. 

  
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 “Temporary FAA Slot” shall mean an FAA Slot that was obtained by any Grantor
from another air carrier pursuant to an agreement (including but not limited to a loan agreement, lease agreement, slot exchange agreement or slot release agreement) and is held by such Grantor on a temporary basis. 

“Temporary Foreign Slot” shall mean a Foreign Slot that was obtained by any Grantor from another air carrier pursuant to an
agreement (including but not limited to a loan agreement, lease agreement, slot exchange agreement or a slot release agreement) and is held by such Grantor on a temporary basis. 

“Temporary Slot” shall mean any Temporary FAA Slot or any Temporary Foreign Slot and any FAA Slot or Foreign Slot subject to
a Transfer Restriction, in each case, for so long as such Transfer Restriction is in effect. 
 “Term B Lender” shall mean
each Term Lender having a Term Loan Commitment with respect to the Class B Term Loans or, as the case may be, an outstanding Class B Term Loan. 

“Term Lender” shall mean each Lender having a Term Loan Commitment or, as the case may be, an outstanding Term Loan. 

“Term Loan” shall mean the Class B Term Loans and any other Class of Term Loan hereunder. 

“Term Loan Commitment” shall mean the commitment of each Term Lender to make (or, in the case of each Converting 2013 Lender,
to continue and convert) Term Loans hereunder and, in the case of the Class B Term Loans, in an aggregate principal amount not to exceed the amount set forth under the heading “Class B Term Loan Commitment” opposite its name in
the Annex A hereto or in the Assignment and Acceptance pursuant to which such Term Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The aggregate amount of the Term Loan Commitments as of the
Closing Date is $1,250,000,000. The Term Loan Commitments as of the Closing Date are for Class B Term Loans. 
 “Term Loan
Extension” shall have the meaning set forth in Section 2.28(a). 
 “Term Loan Extension Offer” shall have the
meaning set forth in Section 2.28(a). 
 “Term Loan Facility” shall mean the Term Loan Commitments and the Term Loans
made thereunder. 
 “Term Loan Maturity Date” shall mean, with respect to (a) Class B Term Loans that have not been
extended pursuant to Section 2.28, December 14, 2023 and (b) with respect to Extended Term Loans, the final maturity date therefor as specified in the applicable Extension Offer accepted by the respective Term Lenders (as the same may
be further extended pursuant to Section 2.28). 

  
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 “Term Loan Termination Date” shall mean the earlier to occur of (a) the
Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof. 
 “Termination
Date” shall mean (i) with respect to the Revolving Loans, the Revolving Facility Termination Date applicable to the related Revolving Commitments and (ii) with respect to the Term Loans, the Term Loan Termination Date. 

“Title 14” shall mean Title 14 of the United States Code of Federal Regulations, including Part 93, Subparts K and S thereof,
as amended from time to time or any subsequent regulation that amends, supplements or supersedes such provisions. 
 “Title
49” shall mean Title 49 of the United States Code, which, among other things, recodified and replaced the U.S. Federal Aviation Act of 1958, and the rules and regulations promulgated pursuant thereto, as amended from time to time or any
subsequent legislation that amends, supplements or supersedes such provisions. 
 “Total Obligations” shall have the
meaning provided in the definition of “Collateral Coverage Ratio.” 
 “Total Revolving Commitment” shall
mean, at any time, the sum of the Revolving Commitments at such time. 
 “Total Revolving Extensions of Credit” shall mean,
at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time. 

“Transactions” shall mean the execution, delivery and performance by the Borrower and Guarantors of this Agreement and the
other Loan Documents to which they may be a party, the creation of the Liens in the Collateral in favor of the Collateral Agent for the benefit of the Secured Parties, the borrowing of Loans and the use of the proceeds thereof, and the request for
and issuance of Letters of Credit hereunder. 
 “Transfer Restriction” shall mean, with respect to any grant of a security
interest in any Slots, Route Authorities or Gate Leaseholds, any prohibition, restriction or consent requirement, whether arising under contract, applicable law, rule or regulation, or otherwise, relating to the transfer or assignment by a Grantor
of, or the pledge, grant, or creation by a Grantor of a security interest or mortgage in, any right, title or interest in any asset, right or property, or any claim, right or benefit arising thereunder or resulting therefrom, if any such transfer or
assignment thereof (or any pledge, grant or creation of a security interest or mortgage therein) or any attempt to so transfer, assign, pledge, grant or create, in contravention or violation of any such prohibition or restriction or without any
required consent of any Person would (i) constitute a violation of the terms under which such Grantor was granted such right, title or interest or give rise to a default, breach, right of recoupment, claim, defense, termination, right of
termination or remedy with respect thereto, (ii) entitle any Governmental Authority or other Person to terminate or suspend any such right, title or interest (or such Grantor’s interest in any agreement or license related thereto),
or (iii) be prohibited by or violate any applicable law, rule or regulation, except, in any case, to the extent such “Transfer Restriction” shall be rendered 

  
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ineffective (both to the extent that it (x) prohibits, restricts or requires consent and (y) gives rise to a default, breach, right of recoupment, claim, defense,
termination, right of termination or remedy) by virtue of any applicable law, including, but not limited to Sections 9-406, 9-407, 9-408 or 9-409 of the NY UCC, to the extent applicable (or any corresponding sections of the UCC in a
jurisdiction other than the State of New York to the extent applicable). 
 “Type,” when used in reference to any Loan or
Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the LIBO Rate or the Alternate Base Rate and when used in reference to any Commitment, refers to whether such
Commitment is a Revolving Commitment or a Term Loan Commitment. 
 “UCC” shall mean the Uniform Commercial Code as in
effect from time to time in any applicable jurisdiction. 
 “United States” or “U.S.” shall mean the
United States of America. 
 “United States Citizen” shall have the meaning set forth in Section 3.02. 

“Unrestricted Subsidiary” shall mean any Subsidiary of Parent (other than the Borrower) that is designated by Parent as an
Unrestricted Subsidiary in compliance with Section 5.05 or any Subsidiary of an Unrestricted Subsidiary, but only if such Subsidiary: 

(1) has no Indebtedness other than Non-Recourse Debt; 

(2) except as permitted by Section 6.05, is not party to any agreement, contract, arrangement or understanding with Parent
or any Restricted Subsidiary of Parent unless the terms of any such agreement, contract, arrangement or understanding are no less favorable to Parent or such Restricted Subsidiary than those that might be obtained at the time from Persons who are
not Affiliates of Parent; 
 (3) is a Person with respect to which neither Parent nor any of its Restricted Subsidiaries has
any direct or indirect obligation (A) to subscribe for additional Equity Interests or (B) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels of operating results; 

(4) has not guaranteed or otherwise directly or indirectly provided credit support for any Indebtedness of Parent or any of its
Restricted Subsidiaries; and 
 (5) does not own any assets or properties that constitute Collateral. 

“Unused Total Revolving Commitment” shall mean, at any time, (a) the Total Revolving Commitment less (b) the Total
Revolving Extensions of Credit. 
 “Upfront Fee” shall have the meaning set forth in Section 2.20(b). 

“US Airways” shall mean US Airways, Inc., a Delaware corporation, which merged with and into the Borrower with the Borrower
as the surviving entity. 

  
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 “US Airways Closing Date” shall mean May 24, 2013. 

“US Airways Indenture” shall mean the Indenture, dated as of May 24, 2013, between US Airways and Wilmington Trust,
National Association, as trustee, as amended or supplemented from time to time. 
 “Use or Lose Rule” shall mean with
respect to Slots, any applicable utilization requirements issued by the FAA, other Governmental Authorities, any Foreign Aviation Authorities or any Airport Authorities. 

“Voting Stock” of any specified Person as of any date shall mean the Capital Stock of such Person that is at the time
entitled to vote in the election of the Board of Directors of such Person. 
 “Weighted Average Life to Maturity” shall
mean, when applied to any Indebtedness at any date, the number of years obtained by dividing: 
 (1) the sum of the products
obtained by multiplying (A) the amount of each then remaining Installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect of the Indebtedness, by (B) the number of
years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by 

(2) the then outstanding principal amount of such Indebtedness. 

“Withholding Agent” shall mean any of the Borrower, a Guarantor and the Administrative Agent. 

“Working Capital” shall mean, as of any date, (i) the current assets (excluding cash and Cash Equivalents) of Parent
minus (ii) the current liabilities of Parent (other than the current portion of long term debt), in each case, determined on a consolidated basis and otherwise, in accordance with GAAP as of such date. 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 
 “Yield Differential” shall have the meaning set forth in
Section 2.27(c)(iv). 
 SECTION 1.02 Terms Generally. The definitions of terms herein shall apply equally to the singular
and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed
to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise (a) any definition of or
reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated, supplemented, 

  
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extended, amended and restated or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any Person
shall be construed to include such Person’s permitted successors and assigns, (c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its
entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, unless
expressly provided otherwise, (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities,
accounts and contract rights and (f) ”knowledge” or “aware” or words of similar import shall mean, when used in reference to the Borrower or the Guarantors, the actual knowledge of any Responsible Officer of the Borrower or
such Guarantors, as applicable. 
 SECTION 1.03 Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms
of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof
to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders or Required
Class Lenders, as applicable, request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be
interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. Upon any such request for an
amendment, the Borrower, the Required Lenders and the Administrative Agent agree to consider in good faith any such amendment in order to amend the provisions of this Agreement so as to reflect equitably such accounting changes so that the criteria
for evaluating Parent’s consolidated financial condition shall be the same after such accounting changes as if such accounting changes had not occurred. 

ARTICLE II 
 AMOUNT AND TERMS OF
CREDIT 
 SECTION 2.01 Commitments of the Lenders; Term Loans. 

(a) Revolving Commitments. 

(i) Each Revolving Lender severally, and not jointly with the other Revolving Lenders, agrees, upon the terms and subject to
the conditions herein set forth, to make revolving credit loans denominated in Dollars (each a “Revolving Loan” and collectively, the “Revolving Loans”) to the Borrower at any time and from time to time during the
Revolving Availability Period in an aggregate principal amount not to exceed, when added to such Revolving Lender’s LC Exposure, the Revolving Commitment of such Revolving Lender, which Revolving Loans may be repaid and reborrowed in accordance
with the provisions of this Agreement. At no time shall the sum of the then outstanding aggregate principal amount of the Revolving Loans plus the LC Exposure exceed the Total Revolving Commitment. 

(ii) Each Borrowing of a Revolving Loan shall be made from the Revolving Lenders pro rata in accordance with their respective
Revolving Commitments; provided, however, that the failure of any Revolving Lender to make any Revolving Loan shall not in itself relieve the other Revolving Lenders of their obligations to lend. 

  
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 (b) Closing Date Term Loan Commitments. Each Term B Lender severally, and not jointly with
the other Term B Lenders, agrees, upon the terms and subject to the conditions herein set forth, to make a term loan denominated in Dollars or, in the case of each Converting 2013 Lender, to continue and convert its Existing B1 Term Loan as a
term loan hereunder (each a “Class B Term Loan” and collectively the “Class B Term Loans”) to the Borrower on the Closing Date in an aggregate principal amount not to exceed the
Term Loan Commitment for Class B Term Loans of such Term B Lender, which Class B Term Loans shall constitute Term Loans for all purposes of this Agreement and shall be repaid in accordance with the provisions of this Agreement. Any amount
borrowed under this Section 2.01(b) and subsequently repaid or prepaid may not be reborrowed. Each Term B Lender’s Term Loan Commitment for Class B Term Loans shall terminate immediately and without further action on the Closing Date
after giving effect to the funding by such Term B Lender of the Class B Term Loans to be made by it on such date. 
 (c) Type of
Borrowing. Each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or
Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. There may be multiple Borrowings
incurred, converted or continued on the same day. 
 (d) Amount of Borrowing. At the commencement of each Interest Period for any
Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is in an integral multiple of $1,000,000 and not less than $1,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an
integral multiple of $100,000 and not less than $1,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire Unused Total Revolving Commitment or that is required to finance the reimbursement of an LC
Disbursement as contemplated by Section 2.02(e). Borrowings of more than one Type may be outstanding at the same time. 
 (e)
Limitation on Interest Period. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, (i) any Borrowing of a Revolving Loan if the Interest Period
requested with respect thereto would end after the Revolving Facility Maturity Date with respect to the applicable Revolving Commitments or (ii) any Borrowing of a Term Loan if the Interest Period requested with respect thereto would end after
the applicable Term Loan Maturity Date. 

  
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 SECTION 2.02 Letters of Credit. 

(a) LC Commitment. Subject to the terms and conditions set forth herein, the Borrower may request the issuance of and (subject to the
representation in the second sentence of clause (b) below being true and correct) each Issuing Lender agrees to issue Letters of Credit in Dollars upon request of the Borrower at any time and from time to time from the Revolver Availability
Date to but excluding the date that is five (5) Business Days prior to the Revolving Facility Maturity Date, for the Borrower’s own account or the account of any other Subsidiary of Parent; provided that no Issuing Lender shall
issue (or amend, renew or extend) any Letter of Credit if, after giving effect to such issuance (or amendment, renewal or extension), (i) the LC Exposure in respect of Letters of Credit issued by it would exceed its LC Commitment or
(ii) the aggregate amount of the Unused Total Revolving Commitment would be less than zero. 
 (b) Notice of Issuance, Amendment,
Renewal, Extension. The Borrower may request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit) by delivering (i) written Letter of Credit Request or (ii) hand deliver or
telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable Issuing Lender (which approval shall not be unreasonably withheld, delayed or conditioned)) to the applicable Issuing Lender and the
Administrative Agent (at least two (2) Business Days in advance of the requested date of issuance, amendment, renewal or extension) a written Letter of Credit Request requesting the issuance of a Letter of Credit, or identifying the Letter of
Credit to be amended, renewed or extended, and specifying (1) the date of issuance, amendment, renewal or extension (which shall be a Business Day), (2) the date on which such Letter of Credit is to expire (which shall comply with
paragraph (c) of this Section 2.02), (3) the amount of such Letter of Credit, (4) the name and address of the beneficiary thereof and (5) such other information as shall be necessary to prepare, amend, renew or extend such
Letter of Credit. Upon the issuance, amendment, renewal or extension of each Letter of Credit, the Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension, (x) the LC
Exposure shall not exceed the LC Commitment and (y) the aggregate amount of the Unused Total Revolving Commitment shall not be less than zero. If requested by the applicable Issuing Lender, the Borrower also shall submit a letter of credit
application on such Issuing Lender’s standard form in connection with any request for a Letter of Credit; provided that, to the extent such standard form (and/or any related reimbursement agreement) is inconsistent with the Loan
Documents, the Loan Documents shall control. Upon receipt of a written notice from the Administrative Agent that the applicable conditions in Section 4.02 have been satisfied, the Issuing Lender shall issue the requested Letter of Credit in
accordance with its usual and customary procedures. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the
Borrower to, or entered into by the Borrower with, an Issuing Lender relating to any Letter of Credit, the terms and conditions of this Agreement shall control. 

(c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date that
is (x) one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) or (y) such later date as may be agreed by the Borrower and the Issuing
Lender, and (ii) the date that is five (5) Business Days prior to the Revolving Facility Maturity Date with 

  
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respect to the applicable Revolving Commitments (provided that, to the extent that all of the participations in such Letter of Credit held by the holders of such Revolving Commitments have
been re-allocated or Cash Collateralized pursuant to the terms of any Extension Amendment, such Revolving Commitments shall be disregarded for purposes of this clause (ii)). 

(d) Participations. By the issuance of a Letter of Credit (or an amendment, renewal or extension of a Letter of Credit, including any
amendment increasing the amount thereof), and without any further action on the part of the applicable Issuing Lender or the Revolving Lenders, such Issuing Lender hereby grants to each Revolving Lender (other than such Issuing Lender), and each
Revolving Lender (other than such Issuing Lender) hereby acquires from such Issuing Lender, a participation in such Letter of Credit equal to such Revolving Lender’s Revolving Commitment Percentage of the amount available to be drawn under such
Letter of Credit. In consideration and in furtherance of the foregoing, each Revolving Lender (other than the applicable Issuing Lender) hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of such Issuing
Lender, such Revolving Lender’s Revolving Commitment Percentage of the amount of each LC Disbursement made by such Issuing Lender and not reimbursed by the Borrower on the date due as provided in Section 2.02(e), or of any reimbursement
payment required to be refunded to the Borrower for any reason. Each Revolving Lender (other than the applicable Issuing Lender) acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters
of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence of an Event of Default or reduction or termination of the
Revolving Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. 
 (e)
Reimbursement. 
 (i) If an Issuing Lender shall make any LC Disbursement in respect of a Letter of Credit, the
Borrower shall reimburse such LC Disbursement (whether or not such Letter of Credit was issued for the Borrower’s own account or in its name for the account or name of any other Subsidiary of the Parent) by paying to the Administrative Agent an
amount equal to the amount of such LC Disbursement not later than the first Business Day following the date the Borrower receives notice from the Issuing Lender of such LC Disbursement; provided that, in the case of any LC Disbursement, to
the extent not reimbursed and, subject to the satisfaction (or waiver) of the conditions to borrowing set forth herein, including, without limitation, making a request in accordance with Section 2.03(a) that such payment shall be financed with
a Borrowing of ABR Revolving Loans, as the case may be, in an equivalent amount, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting Borrowing of ABR Revolving Loans. 

(ii) If the Borrower fails to make any payment due under the preceding paragraph (i) with respect to a Letter of Credit
when due (including by a Borrowing), the Administrative Agent shall notify each Revolving Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such Revolving Lender’s Revolving Commitment
Percentage thereof. Promptly following 

  
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receipt of such notice, each Revolving Lender shall pay to the Administrative Agent its Revolving Commitment Percentage of the payment then due from the Borrower, in the same manner as provided
in Section 2.04 with respect to Revolving Loans made by such Revolving Lender (and Section 2.04 shall apply, mutatis mutandis, to the payment obligations of the Revolving Lenders), and the Administrative Agent shall promptly pay to
the Issuing Lender the amounts so received by it from the Revolving Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this Section 2.02(e) with respect to any LC Disbursement, the
Administrative Agent shall distribute such payment to the applicable Issuing Lender or, to the extent that Revolving Lenders have made payments pursuant to this paragraph to reimburse such Issuing Lender, then to such Revolving Lenders and such
Issuing Lender as their interests may appear. Any payment made by a Revolving Lender pursuant to this paragraph to reimburse the applicable Issuing Lender for any LC Disbursement (other than the funding of ABR Loans as contemplated above) shall not
constitute a Revolving Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement. 
 (f) Obligations
Absolute. The Borrower’s obligation to reimburse LC Disbursements as provided in Section 2.02(e) shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any
and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein or herein, (ii) any draft or other document presented under a
Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the applicable Issuing Lender under a Letter of Credit against presentation of a
draft or other document that does not comply strictly with the terms of such Letter of Credit or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this
Section 2.02, constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrower’s obligations hereunder. Neither the Administrative Agent, the Revolving Lenders, nor the applicable Issuing Lender, nor any of
their Related Parties, shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances
referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a
drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of the applicable Issuing Lender. Nothing in the preceding two sentences shall be construed to excuse an Issuing Lender
from liability to the Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower (i) that
are caused by such Issuing Lender’s failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof or (ii) that result from such Issuing Lender’s willful
or grossly negligent failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of such Letter of Credit (as finally determined by a
court of competent jurisdiction). The parties hereto expressly agree that, in the absence of gross negligence, bad faith or willful misconduct on the part of the applicable Issuing Lender (as 

  
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finally determined by a court of competent jurisdiction), the applicable Issuing Lender shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and
without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, the applicable Issuing Lender may, in its sole
discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are
not in strict compliance with the terms of such Letter of Credit. 
 (g) Disbursement Procedures. The applicable Issuing Lender
shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The applicable Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone
(confirmed by telecopy or electronic mail) of such demand for payment, whether the applicable Issuing Lender has made or will make an LC Disbursement thereunder and the amount of such LC Disbursement; provided that any failure to give or
delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the applicable Issuing Lender and the Revolving Lenders with respect to any such LC Disbursement in accordance with the terms herein. 

(h) Interim Interest. If the applicable Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse
(including by a Borrowing) such LC Disbursement in full not later than the first Business Day following the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC
Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse (including by a Borrowing) such
LC Disbursement when due pursuant to Section 2.02(e), then Section 2.08 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Lender, except that interest accrued on and after the date
of payment by any Revolving Lender pursuant to Section 2.02(e) to reimburse the applicable Issuing Lender shall be for the account of such Lender to the extent of such payment. 

(i) Replacement of the Issuing Lender. Any Issuing Lender may be replaced at any time by written agreement among the Borrower, the
Administrative Agent, the replaced Issuing Lender and the successor Issuing Lender. The Administrative Agent shall notify the Revolving Lenders of any such replacement of an Issuing Lender. At the time any such replacement shall become effective,
the Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Lender pursuant to Section 2.21. From and after the effective date of any such replacement, (i) the successor Issuing Lender shall have all the rights
and obligations of the Issuing Lender under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Lender” shall be deemed to refer to such successor or to any previous
Issuing Lender, or to such successor and all previous Issuing Lenders, as the context shall require. After the replacement of an Issuing Lender hereunder, the replaced Issuing Lender shall remain a party hereto and shall continue to have all the
rights and obligations of an Issuing Lender under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit. 

  
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 (j) Replacement of Letters of Credit; Cash Collateralization. The Borrower shall
(i) upon or prior to the occurrence of the earlier of (A) the Revolving Facility Maturity Date with respect to all Revolving Commitments and (B) the acceleration of the Revolving Loans (if any) and the termination of the Revolving
Commitments in accordance with the terms hereof, (x) cause all Letters of Credit which expire after the earlier to occur of (A) the Revolving Facility Maturity Date with respect to all Revolving Commitments and (B) the acceleration of
the Revolving Loans (if any) and the termination of the Revolving Commitments in accordance with the terms hereof (the “Outstanding Letters of Credit”) to be returned to the applicable Issuing Lender undrawn and marked
“cancelled” or (y) if the Borrower does not do so in whole or in part either (A) provide one or more “back-to-back” letters of credit to
each applicable Issuing Lender with respect to any such Outstanding Letters of Credit in a form reasonably satisfactory to each such Issuing Lender and the Administrative Agent, issued by a bank reasonably satisfactory to each such Issuing Lender
and the Administrative Agent, and/or (B) deposit cash in the Letter of Credit Account, as collateral security for the Borrower’s reimbursement obligations in connection with any such Outstanding Letters of Credit, such cash (or any
applicable portion thereof) to be promptly remitted to the Borrower upon the expiration, cancellation or other termination or satisfaction of the Borrower’s reimbursement obligations with respect to such Outstanding Letters of Credit, in whole
or in part, in an aggregate principal amount for all such “back-to-back” letters of credit and any such Cash Collateralization equal to 102% of the then
outstanding amount of all LC Exposure (less the amount, if any, on deposit in the Letter of Credit Account prior to taking any action pursuant to clauses (A) or (B) above), and (ii) if required pursuant to Section 2.02(l),
2.12(c), 2.12(d), 2.12(e), 2.12(g), 2.26(d)(ii), 2.26(e)(ii), 2.26(f) or 7.01 or pursuant to any Extension Amendment, deposit in the Letter of Credit Account an amount required pursuant to Section 2.02(l), 2.12(c), 2.12(d), 2.12(e), 2.12(g),
2.26(d)(ii), 2.26(e)(ii), 2.26(f) or 7.01, or pursuant to any such Extension Amendment, as applicable (any such deposit or provision of “back-to-back” letters
of credit described in the preceding clause (i) or clause (ii), “Cash Collateralization” (it being understood that any LC Exposure shall be deemed to be “Cash Collateralized” only to the extent a deposit
or provision of “back-to-back” letters of credit as described above is made in an amount equal to 102% of the amount of such LC Exposure)). The
Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over the Letter of Credit Account. Other than any interest earned on the investment of such deposits, which investments shall be made at the
option and sole discretion of the Administrative Agent (in accordance with its usual and customary practices for investments of this type) and at the Borrower’s risk and reasonable expense, such deposits shall not bear interest. Interest or
profits, if any, on such investments shall accumulate in such account and shall be paid to the Borrower on its request. Moneys in such account shall be applied by the Administrative Agent to reimburse the applicable Issuing Lender for LC
Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time. If the Borrower is required to provide Cash
Collateralization hereunder pursuant to Section 2.02(l), 2.12(c), 2.12(d), 2.12(e), 2.12(g), 2.26(d)(ii), 2.26(e)(ii) or 2.26(f), or the terms of any Extension Amendment, such Cash Collateralization (to the extent not applied as contemplated by
the applicable section) shall be returned to the Borrower within three (3) Business Days after the applicable section (or Extension Amendment) no longer requires the provision of such Cash Collateralization. 

  
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 (k) Issuing Lender Agreements. Unless otherwise requested by the Administrative Agent,
each Issuing Lender shall report in writing to the Administrative Agent (i) on the first Business Day of each week, the daily activity (set forth by day) in respect of Letters of Credit during the immediately preceding week, including all
issuances, extensions, amendments and renewals, all expirations and cancellations and all disbursements and reimbursements, (ii) on or prior to each Business Day on which such Issuing Lender expects to issue, amend, renew or extend any Letter
of Credit, the date of such issuance, amendment, renewal or extension, the aggregate face amount of the Letters of Credit to be issued, amended, renewed, or extended by it (and whether, subject to Section 2.02(b), the face amount of any such
Letter of Credit was changed thereby) and the aggregate face amount of such Letters of Credit outstanding after giving effect to such issuance, amendment, renewal or extension, (iii) on each Business Day on which such Issuing Lender makes any
LC Disbursement, the date of such LC Disbursement and the amount of such LC Disbursement, (iv) on any Business Day on which the Borrower fails to reimburse an LC Disbursement required to be reimbursed to such Issuing Lender on such day, the
date of such failure, and the amount of such LC Disbursement and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request. The Issuing Lender shall furnish a copy of each Letter of Credit to the
Borrower and the Administrative Agent promptly following the issuance, amendment, renewal and extension thereof. 
 (l) Provisions
Related to Extended Revolving Commitments. If the Revolving Facility Maturity Date in respect of any tranche of Revolving Commitments occurs prior to the expiration of any Letter of Credit with respect to which Lenders holding such Revolving
Commitments hold participation interests, then (i) if one or more other tranches of Revolving Commitments in respect of which the Revolving Facility Maturity Date shall not have occurred are then in effect, such Letters of Credit automatically
shall be deemed to have been issued (including for purposes of the obligations of the Revolving Lenders to purchase participations therein and to make payments in respect thereof pursuant to Section 2.02(d) or (e) and for any reallocations
required pursuant to Section 2.26(d)(i)) under (and ratably participated in by Revolving Lenders pursuant to) the Revolving Commitments in respect of such non-terminating tranches up to an aggregate
amount not to exceed the aggregate principal amount of the Unused Total Revolving Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not
reallocated pursuant to the immediately preceding clause (i), the Borrower shall Cash Collateralize any such Letter of Credit in accordance with Section 2.02(j). For the avoidance of doubt, commencing with the Revolving Facility Maturity
Date of any tranche of Revolving Commitments, the sublimit for Letters of Credit under any tranche of Revolving Commitments that has not so then matured shall be as agreed in the relevant Extension Amendment with such Revolving Lenders (to the
extent such Extension Amendment so provides). 
 SECTION 2.03 Requests for Loans. 

(a) Revolving Loans. Unless otherwise agreed to by the Administrative Agent in connection with making the initial Revolving Loans, to
request a Revolving Loan, the Borrower shall notify the Administrative Agent of such request by (i) electronic mail or (ii) by hand or by facsimile delivery of a written Loan Request (A) in the case of a Eurodollar Loan, not later
than 2:00 p.m., New York City time, three (3) Business Days before proposed Borrowing 

  
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Date and (B) in the case of an ABR Loan, not later than 11:00 a.m., New York City time, on the proposed Borrowing Date. Each such Revolving Loan request shall be irrevocable and shall
be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Loan Request signed by the Borrower. Each such Revolving Loan request and written Loan Request shall specify the following information in compliance with
Section 2.01: 
 (i) the aggregate amount of the requested Revolving Loan (which shall comply with
Section 2.01(d)); 
 (ii) the Borrowing Date of such Revolving Loan, which shall be a Business Day; 

(iii) whether such Revolving Loan is to be an ABR Loan or a Eurodollar Loan; and 

(iv) in the case of a Eurodollar Loan, the initial Interest Period to be applicable thereto, which shall be a period
contemplated by the definition of the term “Interest Period.” 
 If no election as to the Type of Revolving Loan is specified, then the requested
Revolving Loan shall be an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar Loan, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of
a Loan Request in accordance with this Section 2.03(a), the Administrative Agent shall advise each Revolving Lender of the details thereof and of the amount of such Revolving Lender’s Loan to be made as part of the requested Revolving
Loan. 
 (b) Term Loans. Unless otherwise agreed to by the Administrative Agent, to request the Term Loans, the Borrower shall notify
the Administrative Agent of such request by electronic mail (i) in the case of a Eurodollar Loan, not later than 2:00 p.m., New York City time, two (2) Business Days before the Closing Date and (ii) in the case of an ABR Loan,
not later than 1:00 p.m., New York City time one (1) Business Day before the Closing Date. Each such Term Loan request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a
written Loan Request signed by the Borrower. Each such Loan Request shall specify the following information in compliance with Section 2.01: 

(i) the aggregate amount of the requested Term Loan (which shall comply with Section 2.01(d)); 

(ii) the Borrowing Date of such Term Loan, which shall be a Business Day; 

(iii) whether such Term Loan is to be an ABR Loan or a Eurodollar Loan; and 

(iv) in the case of a Eurodollar Loan, the initial Interest Period to be applicable thereto, which shall be a period
contemplated by the definition of the term “Interest Period.” 

  
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 If no election as to the Type of Term Loan is specified, then the requested Term Loan shall be an ABR Loan. If no
Interest Period is specified with respect to any requested Eurodollar Loan, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Loan Request in accordance with this
Section 2.03(b), the Administrative Agent shall advise each Term Lender of the details thereof and of the amount of such Term Lender’s Loan to be made as part of the requested Term Loan. 

SECTION 2.04 Funding of Loans. 

(a) Each Revolving Lender shall make each Revolving Loan to be made by it hereunder on the proposed Borrowing Date by wire transfer of
immediately available funds by 12:00 noon, New York City time, or such earlier time as may be reasonably practicable, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. Upon
satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account designated by the Borrower in
the applicable Loan Request; provided that ABR Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.02(e) shall be remitted by the Administrative Agent to the relevant Issuing Lender. 

(b) Each Term Lender shall make each Term Loan to be made by it hereunder on the Borrowing Date by wire transfer of immediately available
funds by 12:00 p.m., New York City time, or such earlier time as may be reasonably practicable, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. Upon satisfaction or waiver of
the conditions precedent specified herein, the Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account designated by the Borrower in the applicable Loan Request.

 (c) Unless the Administrative Agent shall have received notice from a Lender prior to the proposed Borrowing Date (or, with respect to
any ABR Loan made on same-day notice, prior to 11:00 a.m., New York City time, on the Borrowing Date of such Loan) that such Lender will not make available to the Administrative Agent such Lender’s
share of such Loan, the Administrative Agent may assume that such Lender has made such share available on such Borrowing Date in accordance with paragraph (a) and/or (b) of this Section 2.04 and may, in reliance upon such assumption,
make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Loan available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the
Administrative Agent forthwith upon written demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative
Agent, at (i) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation or (ii) in the case of the
Borrower, the interest rate otherwise applicable to such Loan. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Loan and the Borrower shall not be obligated to
repay such amount pursuant to the preceding sentence if not previously repaid. 

  
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 SECTION 2.05 Interest Elections. 

(a) The Borrower may elect from time to time to (i) convert ABR Loans to Eurodollar Loans, (ii) convert Eurodollar Loans to ABR
Loans; provided that any such conversion of Eurodollar Loans may be made only on the last day of an Interest Period with respect thereto or (iii) continue any Eurodollar Loan as such upon the expiration of the then current Interest
Period with respect thereto. 
 (b) To make an Interest Election Request pursuant to this Section 2.05, the Borrower shall notify the
Administrative Agent of such election by hand or facsimile delivery or by electronic mail of a written Interest Election Request by the time that a Loan Request would be required under Section 2.03(a) or Section 2.03(b) if the Borrower
were requesting a Loan of the Type resulting from such election to be made on the effective date of such election. Each such Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery, electronic mail or telecopy
to the Administrative Agent of a written Interest Election Request in substantially the same form as a Loan Request signed by the Borrower. 

(c) Each Interest Election Request shall specify the following information in compliance with Section 2.01: 

(i) the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to
different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing); 

(ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day; 

(iii) whether the resulting Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; and 

(iv) if the resulting Borrowing is a Eurodollar Borrowing, the Interest Period to be applicable thereto after giving effect to
such election, which shall be a period contemplated by the definition of the term “Interest Period.” 
 If any such Interest Election Request
requests a Eurodollar Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. 

(d) Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof and
of such Lender’s portion of each resulting Borrowing. 
 (e) If the Borrower fails to deliver a timely Interest Election Request with
respect to a Eurodollar Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to a one-month Eurodollar Borrowing. Notwithstanding any 

  
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contrary provision hereof, if an Event of Default has occurred and is continuing, and upon the request of the Required Lenders, (i) no outstanding Borrowing may be converted to or continued
as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 

SECTION 2.06 Limitation on Eurodollar Tranches. Notwithstanding anything
to the contrary in this Agreement, all borrowings, conversions and continuations of Eurodollar Loans and all selections of Interest Periods shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect
thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $1,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than twenty Eurodollar Tranches shall be
outstanding at any one time. 
 SECTION 2.07 Interest on Loans. 

(a) Subject to the provisions of Section 2.08, each ABR Loan shall bear interest (computed on the basis of the actual number of days
elapsed over a year of 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin. 

(b) Subject to the provisions of Section 2.08, each Eurodollar Loan shall bear interest (computed on the basis of the actual number of
days elapsed over a year of 360 days) at a rate per annum equal, during each Interest Period applicable thereto, to the LIBO Rate for such Interest Period in effect for such Borrowing plus the Applicable Margin. 

(c) Accrued interest on all Loans shall be payable in arrears on each Interest Payment Date applicable thereto, on the Termination Date with
respect to such Loans and thereafter on written demand and upon any repayment or prepayment thereof (on the amount repaid or prepaid); provided that in the event of any conversion of any Eurodollar Loan to an ABR Loan, accrued interest on
such Loan shall be payable on the effective date of such conversion. 
 SECTION 2.08 Default Interest. If the Borrower or any
Guarantor, as the case may be, shall default in the payment of the principal of or interest on any Loan or in the payment of any other amount becoming due hereunder (including, without limitation, the reimbursement pursuant to Section 2.02(e)
of any LC Disbursements), whether at Stated Maturity, by acceleration or otherwise, the Borrower or such Guarantor, as the case may be, shall on written demand of the Administrative Agent from time to time pay interest, to the extent permitted by
law, on all overdue amounts up to (but not including) the date of actual payment (after as well as before judgment) at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days or, when the Alternate
Base Rate is applicable, a year of 365 days or 366 days in a leap year) equal to (a) with respect to the principal amount of any Loan, the rate then applicable for such Borrowings plus 2.0%, and (b) in the case of all other amounts,
the rate applicable for ABR Loans plus 2.0%. 
 SECTION 2.09 Alternate Rate of Interest. In the event, and on each occasion,
that on the date that is two (2) Business Days prior to the commencement of any Interest Period for a 

  
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Eurodollar Loan, the Administrative Agent shall have reasonably determined (which determination shall be conclusive and binding upon the Borrower absent manifest error) that reasonable means do
not exist for ascertaining the applicable LIBO Rate, the Administrative Agent shall, as soon as practicable thereafter, give written, facsimile or telegraphic notice of such determination to the Borrower and the Lenders and, until the circumstances
giving rise to such notice no longer exist, any request by the Borrower for a Borrowing of Eurodollar Loans hereunder (including pursuant to a refinancing with Eurodollar Loans and including any request to continue, or to convert to, Eurodollar
Loans) shall be deemed a request for a Borrowing of ABR Loans. 
 SECTION 2.10 Amortization of Term Loans; Repayment of Loans;
Evidence of Debt. 
 (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the ratable account of each
Revolving Lender the then unpaid principal amount of each Revolving Loan then outstanding on the Revolving Facility Termination Date applicable to such Revolving Loan. 

(b) The principal amounts of the Class B Term Loans shall be repaid in consecutive annual installments (each, an
“Installment”) of 1.00% of the sum of (i) the original aggregate principal amount hereunder as of the Closing Date plus (ii) the original aggregate principal amount of any Incremental Term Loans of the same
Class as the Class B Term Loans from time to time after the Closing Date, on each anniversary of the Closing Date occurring prior to the Term Loan Maturity Date with respect to such Class B Term Loans commencing on April 28,
2017. Notwithstanding the foregoing, (1) such Installments shall be reduced in connection with any mandatory or voluntary prepayments of the Class B Term Loans in accordance with Sections 2.12 and 2.13, as applicable and (2) the
Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the applicable Term Loan Termination Date. 

(c) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of the Borrower to
such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 

(d) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the Type
thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the
Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. The Borrower shall have the right, upon reasonable notice, to request information regarding the accounts referred to in the preceding sentence. 

(e) The entries made in the accounts maintained pursuant to paragraph (c) or (d) of this Section 2.10 shall be prima facie
evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the
Borrower to repay the Loans in accordance with the terms of this Agreement. 
 (f) Any Lender may request that Loans made by it be evidenced
by a promissory note. In such event, the Borrower shall promptly execute and deliver to such Lender a promissory note payable to such Lender and its registered assigns in a form furnished by the Administrative Agent and reasonably acceptable to the
Borrower. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 10.02) be represented by one or more promissory notes in such form payable to such payee
and its registered assigns. 

  
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 SECTION 2.11 Optional Termination or Reduction of Revolving Commitments. Upon at
least one (1) Business Day prior written notice to the Administrative Agent, the Borrower may at any time in whole permanently terminate the Total Revolving Commitment (subject to compliance with Section 2.12(e)), or from time to time in
part permanently reduce the Unused Total Revolving Commitment; provided that each such notice shall be revocable at any time prior to such reduction or termination, as the case may be, or to the extent such termination or reduction would have
resulted from a refinancing of the Obligations, which refinancing shall not be consummated or shall otherwise be delayed. Each such reduction of the Unused Total Revolving Commitment shall be in the principal amount not less than $1,000,000 and in
an integral multiple of $1,000,000. Simultaneously with each reduction or termination of the Revolving Commitment, the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender the Commitment Fee accrued and unpaid on
the amount of the Revolving Commitment of such Revolving Lender so terminated or reduced through the date thereof. Any reduction of the Unused Total Revolving Commitment pursuant to this Section 2.11 shall be applied to reduce the Revolving
Commitment of each Revolving Lender on a pro rata basis. 
 SECTION 2.12 Mandatory Prepayment of Loans; Commitment Termination.

 (a) If, as a result of a Disposition of Collateral or Recovery Event (which for the purposes of Section 6.04 shall be deemed to be a
Disposition that is not a voluntary Disposition), the Borrower is not in compliance with Section 6.04 within the time periods set forth in Section 6.04, the Borrower shall deposit, on the next Business Day (or, if later, within five
(5) Business Days of Parent or any of its Subsidiaries receiving any Net Proceeds as a result of such Disposition of Collateral or Recovery Event), cash in an amount (the “Net Proceeds Amount”) equal to the amount of such
received Net Proceeds (solely to the extent necessary to maintain compliance with Section 6.04) into the Collateral Proceeds Account that is maintained with the Collateral Agent for such purpose and subject to an Account Control Agreement and
thereafter such Net Proceeds Amount shall be applied (to the extent not otherwise applied pursuant to the immediately succeeding proviso and solely to the extent the Borrower is not in compliance with Section 6.04) in accordance with the
requirements of Section 2.12(c); provided that (i) the Borrower may use such Net Proceeds Amount to replace with Qualified Replacement Assets or, solely in the case of any Net Proceeds Amount in respect of any Recovery Event, repair
the assets which are the subject of such Disposition of Collateral or Recovery Event within 365 days after such deposit is made, (ii) all such Net Proceeds Amounts shall be subject to release as provided in Section 6.09(c) or, at the
option of the Borrower at any time, may be applied in accordance with the requirements of Section 2.12(c) and (iii) upon the occurrence of 

  
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an Event of Default, the amount of any such deposit may be applied by the Administrative Agent in accordance with Section 2.12(c); provided, further that any release of any Net
Proceeds Amount pursuant to clause (ii) of this Section 2.12(a) shall be conditioned on the Borrower being in compliance with Section 6.04 after giving effect thereto (it being understood that the failure to be in compliance with
Section 6.04 shall not prevent the release of any Net Proceeds Amount in connection with any repair or replacement of assets permitted hereunder so long as no decrease in the Collateral Coverage Ratio will result therefrom). 

(b) The Borrower shall prepay the Loans (without, in the case of any Revolving Loan, any corresponding reduction in Revolving Commitments)
when and in an amount necessary to comply with Section 6.09(b). 
 (c) Amounts required to be applied to the prepayment of Loans
pursuant to Sections 2.12(a), (b), (h) and (i) shall be applied to prepay the outstanding Term Loans in accordance with Section 2.17(e)(i) and/or the outstanding Revolving Loans in accordance with Section 2.17(e)(ii) (and to
provide Cash Collateralization for the outstanding LC Exposure following the repayment of all outstanding Revolving Loans), in an amount necessary to comply with Section 6.04 or 6.09(b), as the case may be, in each case as directed by the
Borrower. Any such prepayments of Revolving Loans (and Cash Collateralization of the outstanding LC Exposure) shall not result in a corresponding permanent reduction in the Revolving Commitments. Any Cash Collateralization of outstanding LC Exposure
shall be consummated in accordance with Section 2.02(j). The application of any prepayment pursuant to this Section 2.12 shall be made, first, to ABR Loans and, second, to Eurodollar Loans. Term Loans prepaid pursuant to this
Section 2.12 may not be reborrowed. 
 (d) If at any time the Total Revolving Extensions of Credit for any reason exceed the Total
Revolving Commitment at such time, the Borrower shall prepay Revolving Loans on a pro rata basis in an amount sufficient to eliminate such excess. If, after giving effect to the prepayment of all outstanding Revolving Loans, the Total Revolving
Extensions of Credit exceed the Total Revolving Commitment then in effect, the Borrower shall Cash Collateralize outstanding Letters of Credit to the extent of such excess. 

(e) Upon the Revolving Facility Termination Date applicable to any Revolving Commitment, such Revolving Commitment shall be terminated in full
and the Borrower shall repay the applicable Revolving Loans in full and, except as the Administrative Agent may otherwise agree in writing, if any Letter of Credit remains outstanding, comply with Section 2.02(j) in accordance therewith. 

(f) All prepayments under this Section 2.12 shall be accompanied by accrued but unpaid interest on the principal amount being prepaid to
(but not including) the date of prepayment, plus, if applicable, any accrued and unpaid Fees and any losses, costs and expenses, as more fully described in Section 2.15. 

(g) If a Change of Control occurs, within thirty (30) days following the occurrence of such Change of Control, the Borrower (or Parent
(or any third party on behalf of the Borrower)) shall (i) prepay all of the outstanding Loans at a prepayment price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to the date of

  
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prepayment, (ii) discharge all of the LC Exposure, if any, by Cash Collateralizing such LC Exposure and (iii) terminate all of the Unused Total Revolving Commitment, if any, in
accordance with this Section 2.12. 
 (h) If, at any time on or after Initial Collateral Release Date, it is determined that a Core
Collateral Failure has occurred, and the Borrower has not granted (or caused another Grantor to grant), within the time period specified in Section 6.09(b)(y), a security interest in Additional Collateral such that following such grant the
Collateral shall include at least one category of Core Collateral, the Borrower shall (i) prepay all of the outstanding Loans at a prepayment price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to the
date of prepayment, (ii) discharge all of the LC Exposure, if any, by Cash Collateralizing such LC Exposure and (iii) terminate all of the Unused Total Revolving Commitment, if any, in accordance with this Section 2.12. 

(i) If, immediately after giving effect to any Borrower Release, there would be a Collateral Coverage Ratio Failure, the Borrower shall do one
or more of the following: (1) grant (or cause another Grantor to grant) a security interest in Additional Collateral and/or (2) prepay or cause to be prepaid the Loans and (if required by its terms) any Pari Passu Senior Secured Debt (on a
ratable basis with the Loans) such that following such actions in clauses (1) and/or (2) above, the Collateral Coverage Ratio, calculated by adding the Appraised Value of any such Additional Collateral in clause (i) of the definition
of Collateral Coverage Ratio and subtracting any such prepaid Loans and prepaid Pari Passu Senior Secured Debt from clause (ii) of the definition of Collateral Coverage Ratio, shall be no less than 1.6 to 1.0. 

SECTION 2.13 Optional Prepayment of Loans. 

(a) The Borrower shall have the right, at any time and from time to time, to prepay any Loans, in whole or in part, (i) with respect to
Eurodollar Loans, upon (A) written or facsimile notice or notice by electronic mail (which notice may be conditional notice) to the Administrative Agent or (B) written or facsimile notice (or notice by electronic mail) (which notice may be
conditional notice) to the Administrative Agent, in any case received by 1:00 p.m., New York City time, three (3) Business Days prior to the proposed date of prepayment and (ii) with respect to ABR Loans, upon written or facsimile
notice (or notice by electronic mail) (which notice may be conditional notice) to the Administrative Agent received by 1:00 p.m., New York City time, one (1) Business Day prior to the proposed date of prepayment; provided that ABR
Loans may be prepaid on the same day notice is given if such notice is received by the Administrative Agent by 12:00 noon, New York City time; provided, further, that any revocation of such conditional notice occurs within
the applicable notice period plus 5 Business Days; provided, further, however, that (A) each such partial prepayment shall be in an amount not less than $1,000,000 and in integral multiples of $1,000,000 in the
case of Eurodollar Loans and integral multiples of $100,000 in the case of ABR Loans, (B) no prepayment of Eurodollar Loans shall be permitted pursuant to this Section 2.13(a) other than on the last day of an Interest Period applicable
thereto unless such prepayment is accompanied by the payment of the amounts described in Section 2.15, and (C) no partial prepayment of a Eurodollar Tranche shall result in the aggregate principal amount of the Eurodollar Loans remaining
outstanding pursuant to such Eurodollar Tranche being less than $1,000,000. 

  
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 (b) Any prepayments under Section 2.13(a) shall be applied, at the option of the Borrower,
to (i) repay the outstanding Revolving Loans of the Revolving Lenders (without any reduction in the Total Revolving Commitment) until all Revolving Loans shall have been paid in full (plus any accrued but unpaid interest and fees thereon)
and/or (ii) prepay the Term Loans, in each case as the Borrower shall specify. All such prepayments of Term Loans shall be applied in the manner directed by the Borrower (or, if no such direction is given, in direct order of maturity) to the
remaining scheduled Installments of the applicable Class of Term Loans being prepaid. All prepayments under Section 2.13(a) shall be accompanied by accrued but unpaid interest on the principal amount being prepaid to (but not including)
the date of prepayment, plus, if applicable, any Fees and any losses, costs and expenses, as more fully described in Section 2.15. Term Loans prepaid pursuant to Section 2.13(a) may not be reborrowed. 

(c) Each notice of prepayment shall specify the prepayment date, the principal amount of the Loans to be prepaid and, in the case of
Eurodollar Loans, the Borrowing or Borrowings to be prepaid and shall commit the Borrower to prepay such Loan by the amount and on the date stated therein; provided that the Borrower may revoke any notice of prepayment under this
Section 2.13 if such prepayment would have resulted from a refinancing of any or all of the Obligations hereunder, which refinancing shall not be consummated or shall otherwise be delayed, or in accordance with Section 2.13(a) if the
notice of prepayment was a conditional notice. The Administrative Agent shall, promptly after receiving notice from the Borrower hereunder, notify each Lender of the principal amount of the Loans held by such Lender which are to be prepaid, the
prepayment date and the manner of application of the prepayment. 
 (d) In the event that, prior to the date that is six months after the
Closing Date, there shall occur any Repricing Event, the Borrower shall pay to the Administrative Agent, for the ratable account of each of the Term Lenders holding Class B Term Loans subject to such Repricing Event, (i) in the case of a
Repricing Event of the type described in clause (a) of the definition thereof, a prepayment premium of 1% of the aggregate principal amount of the Class B Term Loans subject to such Repricing Event and (ii) in the case of a Repricing
Event of the type described in clause (b) of the definition thereof, an amount equal to 1% of the aggregate principal amount of the Class B Term Loans subject to such Repricing Event outstanding immediately prior to the effectiveness
thereof, in each case unless such fee is waived by the applicable Term Lender. Any Term Lender that is a non-consenting Lender in respect of a Repricing Event may be replaced in accordance with
Section 10.08(d) to the extent permitted thereby; provided that any such Term Lender so replaced shall be entitled to the prepayment premium set forth in clause (i) of the preceding sentence with respect to its Class B Term
Loans so assigned unless such fee is waived by such Term Lender. 
 SECTION 2.14 Increased Costs. 

(a) If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement
against assets of, deposits with or for the account of, or credit extended by, any Lender or Issuing Lender (except any such reserve requirement subject to Section 2.14(c)); or 

(ii) impose on any Lender or Issuing Lender or the London interbank market any other condition, cost or expense (other than
Taxes) affecting this Agreement or Eurodollar Loans made by such Lender or any Letter of Credit or participation therein; 

  
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 and the result of any of the foregoing shall be to increase the cost to such Lender of making, converting into,
continuing or maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan) or to increase the cost to such Lender or Issuing Lender of participating in, issuing or maintaining any Letter of Credit or to reduce the amount
of any sum received or receivable by such Lender or Issuing Lender hereunder with respect to any Eurodollar Loan or Letter of Credit (whether of principal, interest or otherwise), then, upon the request of such Lender or Issuing Lender, the Borrower
will pay to such Lender or Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or Issuing Lender, as the case may be, for such additional costs incurred or reduction suffered. 

(b) If any Lender or Issuing Lender reasonably determines in good faith that any Change in Law affecting such Lender or Issuing Lender or such
Lender’s or Issuing Lender’s holding company regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s or Issuing Lender’s capital or on the capital of such
Lender’s or Issuing Lender’s holding company, if any, as a consequence of this Agreement or the Eurodollar Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Lender,
to a level below that which such Lender or Issuing Lender or such Lender’s or Issuing Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or Issuing Lender’s policies
and the policies of such Lender’s or Issuing Lender’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or Issuing Lender, as the case may be, such additional amount or amounts,
in each case as documented by such Lender or Issuing Lender to the Borrower as will compensate such Lender or Issuing Lender or such Lender’s or Issuing Lender’s holding company for any such reduction suffered; it being understood that
this Section 2.14(b) shall not apply to Taxes. 
 (c) Solely to the extent arising from a Change in Law, the Borrower shall pay to each
Lender (i) as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurodollar funds or deposits, additional interest on the unpaid principal amount of each Eurodollar Loan
equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive in the absence of manifest error) and (ii) as long as such Lender shall be
required to comply with any reserve ratio requirement or analogous requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the Eurodollar Loans, such
additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith,
which determination shall be conclusive absent manifest error) which in each case shall be due and payable on each date on which interest is payable on such Loan; provided that the Borrower shall have received at least fifteen (15)
days’ prior written notice (with a copy to the Administrative Agent, and which notice shall specify the Statutory Reserve Rate, if any, applicable to such Lender) of such additional interest or cost from such Lender. If a Lender fails to give
written notice fifteen (15) days prior to the relevant Interest Payment Date, such additional interest or cost shall be due and payable fifteen (15) days from receipt of such notice. 

  
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 (d) A certificate of a Lender or Issuing Lender setting forth the amount or amounts necessary to
compensate such Lender or Issuing Lender or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section 2.14 and the basis for calculating such amount or amounts shall be delivered to the Borrower and
shall be prima facie evidence of the amount due. The Borrower shall pay such Lender or Issuing Lender, as the case may be, the amount due within fifteen (15) days after receipt of such certificate. 

(e) Failure or delay on the part of any Lender or Issuing Lender to demand compensation pursuant to this Section 2.14 shall not
constitute a waiver of such Lender’s or Issuing Lender’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender or Issuing Lender pursuant to this Section 2.14 for any
increased costs or reductions incurred more than 180 days prior to the date that such Lender or Issuing Lender, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such
Lender’s or Issuing Lender’s intention to claim compensation therefor; provided, further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. The protection of this Section 2.14 shall be available to each Lender regardless of any possible
contention as to the invalidity or inapplicability of the law, rule, regulation, guideline or other change or condition which shall have occurred or been imposed. 

(f) The Borrower shall not be required to make payments under this Section 2.14 to any Lender or Issuing Lender if (A) a claim
hereunder arises solely through circumstances peculiar to such Lender or Issuing Lender and which do not affect commercial banks in the jurisdiction of organization of such Lender or Issuing Lender generally, (B) the claim arises out of a
voluntary relocation by such Lender or Issuing Lender of its applicable lending office (it being understood that any such relocation effected pursuant to Section 2.18 is not “voluntary”), or (C) such Lender or Issuing Lender is
not seeking similar compensation for such costs to which it is entitled from its borrowers generally in commercial loans of a similar size. 

(g) Notwithstanding anything herein to the contrary, regulations, requests, rules, guidelines or directives implemented after the Closing Date
pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act or Basel III shall be deemed to be a Change in Law; provided, however, that any determination by a Lender or
Issuing Lender of amounts owed pursuant to this Section 2.14 to such Lender or Issuing Lender due to any such Change in Law shall be made in good faith in a manner generally consistent with such Lender’s or Issuing Lender’s standard
practice. 
 SECTION 2.15 Break Funding Payments. In the event of (a) the payment of any principal of any Eurodollar Loan
other than on the last day of an Interest Period applicable thereto (including as a result of the occurrence and continuance of an Event of Default), (b) the failure to borrow, convert, continue or prepay any Eurodollar Loan on the date
specified in any notice delivered pursuant hereto or (c) the assignment of any Eurodollar Loan other than on the 

  
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last day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section 2.18, Section 2.27(d) or Section 10.08(d), then, in any such event,
at the request of such Lender, the Borrower shall compensate such Lender for the loss, cost and expense sustained by such Lender attributable to such event; provided that in no case shall this Section 2.15 apply to any payment of an
Installment pursuant to Section 2.10(b). Such loss, cost or expense to any Lender shall be deemed to include an amount reasonably determined in good faith by such Lender or Issuing Lender to be the excess, if any, of (i) the amount of
interest which would have accrued on the principal amount of such Loan had such event not occurred, at the applicable rate of interest for such Loan (excluding, however the Applicable Margin included therein, if any), for the period from the date of
such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest (as
reasonably determined by such Lender) which would accrue on such principal amount for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for dollar deposits of a comparable amount and
period from other banks in the eurodollar market. A certificate of any Lender setting forth any amount or amounts (and the basis for requesting such amount or amounts) that such Lender is entitled to receive pursuant to this Section 2.15 shall
be delivered to the Borrower and shall be prima facie evidence of the amount due. The Borrower shall pay such Lender the amount due within fifteen (15) days after receipt of such certificate. 

SECTION 2.16 Taxes. 

(a) Any and all payments by or on account of any Obligation of the Borrower or any Guarantor hereunder or under any other Loan Document shall
be made free and clear of and without deduction for any Taxes except as required by applicable law; provided that if any Taxes are required to be withheld from any amounts payable to the Administrative Agent, any Lender or any Issuing Lender,
as determined in good faith by the applicable Withholding Agent, then (i) if such Taxes are Indemnified Taxes or Other Taxes, the sum payable by the Borrower or applicable Guarantor shall be increased as necessary so that after making all
required deductions for any Indemnified Taxes or Other Taxes (including deductions for any Indemnified Taxes or Other Taxes applicable to additional sums payable under this Section 2.16), the Administrative Agent, Lender, Issuing Lender or any
other recipient of such payments (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) the applicable Withholding Agent shall make such deductions and (iii) the applicable
Withholding Agent shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law. 
 (b)
In addition, the Borrower or any Guarantor, as applicable, shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 

(c) The Borrower shall indemnify the Administrative Agent, each Lender and each Issuing Lender, within ten (10) days after written demand
therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by or on behalf of or withheld or deducted from payments owing to the Administrative Agent, such Lender or such Issuing Lender, as the case may be, on or with respect to any
payment by or on account of any obligation of the Borrower or any Guarantor hereunder or under any other Loan Document (including Indemnified Taxes or 

  
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Other Taxes imposed or asserted on or attributable to amounts payable under this Section 2.16) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto,
whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or Issuing
Lender, or by the Administrative Agent on its own behalf or on behalf of a Lender or Issuing Lender, shall be conclusive absent manifest error. 

(d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower
shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment to the extent available, a copy of the return reporting such payment or other evidence of such
payment reasonably satisfactory to the Administrative Agent. 
 (e) Each Lender shall, within ten (10) days after written demand
therefor, indemnify the Administrative Agent (to the extent the Administrative Agent has not been reimbursed by the Borrower) for the full amount of any Taxes imposed by any Governmental Authority that are attributable to such Lender and that are
payable or paid by the Administrative Agent, together with all interest, penalties, reasonable costs and expenses arising therefrom or with respect thereto, as determined by the Administrative Agent in good faith. A certificate as to the amount of
such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. 
 (f) Any Foreign
Lender that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which the Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under this Agreement shall
deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable law and as reasonably requested by the Borrower, such properly completed and executed documentation prescribed by applicable law or
requested by the Borrower as will permit such payments to be made without withholding or at a reduced rate; provided that a Foreign Lender shall not be required to deliver any documentation pursuant to this Section 2.16(f) that such
Foreign Lender is not legally able to deliver. For purposes of this paragraph (f) and paragraphs (g) and (h), the term “Lender” includes any Issuing Lender. 

(g) (i) (1) Without limiting the generality of the foregoing, each Foreign Lender shall deliver to the Borrower and the Administrative
Agent on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter when the previously delivered certificates and/or forms expire, or upon request of the Borrower or the Administrative
Agent) whichever of the following is applicable: 
 (ii) two (2) duly executed originals of Internal Revenue Service
Form W-8BEN or Internal Revenue Service Form W-8BEN-E, as applicable, claiming eligibility for benefits of an income tax treaty
to which the United States is a party; 
 (iii) two (2) duly executed originals of Internal Revenue Service Form W-8ECI; 

  
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 (iv) two (2) duly executed originals of Internal Revenue Service Form W
8IMY, together with the forms for its beneficiaries, partners or members described in clauses (i), (ii), (iii) or (iv) of this subparagraph (g)(1) or in subparagraph (g)(2) and other applicable attachments; 

(v) in the case of a Foreign Lender claiming the benefits of exemption for portfolio interest under Section 881(c) of the
Code, (x) a certificate to the effect that such Foreign Lender is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Borrower within the meaning
of Section 881(c)(3)(B) of the Code, (C) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code or (D) conducting a trade or business in the United States with which the relevant interest
payments are effectively connected and (y) two (2) duly executed originals of the Internal Revenue Service Form W-8BEN or Internal Revenue Service Form W-8BEN-E, as applicable; or 
 (vi) any other form prescribed by applicable law as a
basis for claiming exemption from or a reduction in United States federal withholding tax and reasonably requested by the Borrower or the Administrative Agent to permit the Borrower to determine the withholding or required deduction to be made. 

A Foreign Lender shall not be required to deliver any form or statement pursuant to this Section 2.16(g) that such Foreign Lender is not legally able to
deliver. 
 (1) Any Lender that is a “United States Person” (as such term is defined in Section 7701(a)(30) of
the Code) shall deliver to the Administrative Agent and the Borrower, on or prior to the date on which such Lender becomes a party to this Agreement (and from time to time thereafter when the previously delivered certificates and/or forms expire, or
upon request of the Borrower or the Administrative Agent), two (2) copies of Internal Revenue Service Form W-9 (or any successor form), properly completed and duly executed by such Lender, certifying that
such Lender is entitled to an exemption from United States backup withholding tax. 
 (2) The Administrative Agent shall
deliver to the Borrower on or prior to the date on which it becomes the Administrative Agent under this Agreement (and from time to time thereafter when the previously delivered forms expire, or upon request of the Borrower) executed originals of
Internal Revenue Service Form W-8IMY. The Administrative Agent represents that it is a financial institution within the meaning of U.S. Treasury Regulation §
1.1441-1(c)(5). 
 (3) If a payment made to a Lender under this Agreement or any Loan
Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as
applicable), such Lender shall deliver to the Borrower and the Administrative Agent, at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent, such documentation prescribed by
applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional 

  
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documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower or the Administrative Agent to comply with its obligations under FATCA, to
determine that such Lender has or has not complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. 

(h) If the Administrative Agent or a Lender determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes from
the Governmental Authority to which such Taxes or Other Taxes were paid and as to which it has been indemnified by the Borrower or a Guarantor or with respect to which the Borrower or a Guarantor has paid additional amounts pursuant to this
Section 2.16, it shall pay over such refund to the Borrower or such Guarantor (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower or such Guarantor under this Section 2.16 with respect to the
Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender incurred in obtaining such refund
(including Taxes imposed with respect to such refund) and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided that the Borrower or such Guarantor, upon the request of
the Administrative Agent or such Lender, agrees to repay the amount paid over to the Borrower or such Guarantor (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender
in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (h), in no event will the Administrative Agent or any Lender be required
to pay any amount to the Borrower pursuant to this paragraph (h) if, and then only to the extent, the payment of such amount would place the Administrative Agent or such Lender in a less favorable net
after-Tax position than the Administrative Agent or such Lender would have been in if the indemnification payments or additional amounts giving rise to such refund had never been paid. This Section 2.16
shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes which it deems confidential) to the Borrower or any other Person 

(i) For purposes of determining withholding Taxes imposed under FATCA, the Borrower and the Agents shall treat (and the Lenders hereby
authorize the Agents to treat) the Loans and this Agreement as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i). 

SECTION 2.17 Payments Generally; Pro Rata Treatment. 

(a) The Borrower shall make each payment or prepayment required to be made by it hereunder (whether of principal, interest, fees or
reimbursement of LC Disbursements, or of amounts payable under Section 2.14 or Section 2.15, or otherwise) prior to 1:00 p.m., New York City time, on the date when due, in immediately available funds, without set-off or counterclaim. Any amounts received after such time on any date may, in the reasonable discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for
purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at Citibank, N.A., 1615 Brett Road, Building III, New Castle, Delaware 19720, pursuant to wire instructions to be provided by the

  
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Administrative Agent, except payments to be made directly to an Issuing Lender as expressly provided herein and except that payments pursuant to Sections 2.14, 2.15 and 10.04 shall be made
directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it (including, subject to the terms of any Intercreditor Agreement or any Other Intercreditor Agreement, any payment received from the
sale or disposal of Collateral pursuant to any Collateral Document) for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the
date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in Dollars. 

(b) If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all Obligations then due
hereunder, such funds shall be applied, subject to the terms of any Intercreditor Agreement or any Other Intercreditor Agreement, as applicable, (i) first, towards payment of Fees and expenses then due under Sections 2.19 and 10.04
payable to each Agent and any trustee appointed pursuant to Section 8.01(d), to the extent applicable, (ii) second, towards payment of Fees and expenses then due under Sections 2.20, 2.21 and 10.04 payable to the Lenders and
the Issuing Lenders and towards payment of interest then due on account of the Revolving Loans, Term Loans and Letters of Credit, ratably among the parties entitled thereto in accordance with the amounts of such Fees and expenses and interest then
due to such parties and (iii) third, towards payment of (A) principal of the Revolving Loans, Term Loans and unreimbursed LC Disbursements then due hereunder, (B) any Designated Banking Product Obligations then due, to the
extent such Designated Banking Product Obligations constitute “Obligations” hereunder, and (C) any Designated Hedging Obligations then due, to the extent such Designated Hedging Obligations constitute “Obligations”
hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal, unreimbursed LC Disbursements, Designated Banking Product Obligations constituting Obligations and Designated Hedging Obligations constituting
Obligations then due to such parties. Excluded Swap Obligations with respect to any Guarantor shall not be paid with amounts received from such Guarantor or its assets, but appropriate adjustment shall be made with respect to payments from the
Borrower or other Guarantors to preserve the allocations to Obligations otherwise set forth above in this Section 2.17(b). 
 (c)
Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the Issuing Lenders hereunder that the Borrower will not make
such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the applicable Issuing Lender, as the case may be,
the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders or the applicable Issuing Lender, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so
distributed to such Lender or Issuing Lender with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds
Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

  
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 (d) If any Lender shall fail to make any payment or Extension of Credit required to be made by it
pursuant to Section 2.02(d), 2.02(e), 2.04(a), 2.04(b), 2.04(c), 8.04 or 10.04(d), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative
Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 

(e) Pro Rata Treatment. 

(i) Each payment (including each prepayment) by the Borrower on account of principal of and interest on any Class of Term
Loans shall be made pro rata according to the respective outstanding principal amounts of such Class of Term Loans then held by the applicable Term Lenders (except that assignments to the Borrower pursuant to Section 10.02(g) shall not be
subject to this Section 2.17(e)(i)). All such prepayments of Term Loans shall be applied in the manner directed by the Borrower (or, if no such direction is given, in direct order of maturity) to the remaining scheduled Installments of the
applicable Class of Term Loans being prepaid. 
 (ii) Each payment (including each prepayment) by the Borrower on
account of principal of and interest on any Class of Revolving Loans shall be made pro rata according to the respective outstanding principal amounts of such Class of Revolving Loans then held by the Revolving Lenders. 

For the avoidance of doubt, the provisions of this Section 2.17 shall not be constructed to apply to (A) Cash Collateralization
provided for in this Agreement, (B) assignments and participations (including by means of a Dutch Auction or open-market purchase) described in Section 10.02, (C) any circumstance contemplated
by Section 2.18(b), 2.26, 2.27, 2.28, 10.08(d), 10.08(e) or 10.08(f), (D) the application of funds resulting from the existence of a Defaulting Lender, or (E) any other circumstance expressly provided for herein. 

SECTION 2.18 Mitigation Obligations; Replacement of Lenders. 

(a) If the Borrower is required to pay any additional amount to any Lender under Section 2.14 or to any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 2.16, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder, to assign its rights and obligations hereunder
to another of its offices, branches or affiliates, to file any certificate or document reasonably requested by the Borrower or to take other reasonable measures, if, in the judgment of such Lender, such designation, assignment, filing or other
measures (i) would eliminate or reduce amounts payable pursuant to Section 2.14 or 2.16, as the case may be, and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such
Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. Nothing in this Section 2.18 shall affect or postpone any of the obligations of the
Borrower or the rights of any Lender pursuant to Section 2.14 or 2.16. 

  
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 (b) If, after the date hereof, any Lender requests compensation under Section 2.14 or if the
Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.16, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the
Administrative Agent, (i) terminate such Lender’s Revolving Commitment, prepay such Lender’s outstanding Loans and provide Cash Collateralization for such Lender’s LC Exposure, as applicable, or (ii) require such Lender to
assign, without recourse (in accordance with and subject to the restrictions contained in Section 10.02), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be
another Lender, if a Lender accepts such assignment), in any case as of a Business Day specified in such notice from the Borrower; provided that (i) such terminated or assigning Lender shall have received payment of an amount equal to
the outstanding principal of its Loans and unreimbursed payments attributable to its participations in LC Disbursements, as applicable, accrued interest thereon, accrued fees and all other amounts due, owing and payable to it hereunder at the time
of such termination or assignment, from the assignee (to the extent of such outstanding principal and accrued interest and fees in the case of an assignment) or the Borrower (in the case of all other amounts) and (ii) in the case of an
assignment due to payments required to be made pursuant to Section 2.16, such assignment will result in a reduction in such compensation or payments. 

SECTION 2.19 Certain Fees. The Borrower shall pay (i) to the Administrative Agent the fees set forth in that certain
Administrative Agent Fee Letter, dated as of the Closing Date, between the Administrative Agent and the Borrower as amended, restated, modified, supplemented or replaced from time to time (the “Administrative Agent Fee Letter”) and
(ii) the fees set forth in the certain Engagement Letter dated as of November 30, 2016 by and between the Borrower and the Joint Lead Arrangers and Bookrunners (the “Engagement Letter”) at the times and to the entities set
forth therein. 
 SECTION 2.20 Commitment Fee and Upfront Fee. 

(a) The Borrower shall pay to the Administrative Agent for the accounts of the Revolving Lenders a commitment fee (the “Commitment
Fee”) for the period commencing on the Revolver Availability Date (or such other date agreed by the Borrower and the Revolving Lenders) and ending on the Revolving Facility Termination Date with respect to the applicable Revolving
Commitments or the earlier date of termination of the applicable Revolving Commitment, computed (on the basis of the actual number of days elapsed over a year of 360 days) at the Commitment Fee Rate on the average daily Unused Total Revolving
Commitment. Such Commitment Fee, to the extent then accrued, shall be payable quarterly in arrears (a) following the Revolver Availability Date on the last Business Day of each March, June, September and December, (b) on the Revolving
Facility Termination Date with respect to the applicable Revolving Commitments and (c) as provided in Section 2.11, upon any reduction or termination in whole or in part of the Total Revolving Commitment. 

(b) The Borrower shall pay on the Revolver Availability Date to each Revolving Lender as of such date, an upfront fee (the “Upfront
Fee”) to be agreed between the Borrower and the Revolving Lenders. 

  
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 SECTION 2.21 Letter of Credit Fees. The Borrower shall pay with respect to each
Letter of Credit (i) to the Administrative Agent for the account of the Revolving Lenders a fee calculated (on the basis of the actual number of days elapsed over a year of 360 days) at the per annum rate equal to the Applicable Margin
then in effect with respect to Eurodollar Loans under the Revolving Facility on the daily average LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements), to be shared ratably among the Revolving Lenders and
(ii) to each Issuing Lender (with respect to each Letter of Credit issued by it), such Issuing Lender’s customary and reasonable fees as may be agreed by the Issuing Lender and the Borrower for issuance, amendments and processing referred
to in Section 2.02. In addition, the Borrower agrees to pay each Issuing Lender for its account a fronting fee of 0.125% per annum in respect of each Letter of Credit issued by such Issuing Lender, for the period from and including the date of
issuance of such Letter of Credit to and including the date of termination or expiration of such Letter of Credit. Accrued fees described in this paragraph in respect of each Letter of Credit shall be due and payable quarterly in arrears on the last
Business Day of each March, June, September and December and on the Revolving Facility Termination Date with respect to the applicable Revolving Commitments. Fees accruing on any Letter of Credit outstanding after the applicable Revolving Facility
Termination Date shall be payable quarterly in the manner described in the immediately preceding sentence and on the date of expiration or termination of any such Letter of Credit. 

SECTION 2.22 Nature of Fees. All Fees shall be paid on the dates due, in immediately available funds, to the Administrative Agent,
the Issuing Lenders and the Joint Lead Arrangers and Bookrunners, as provided herein and in the Fee Letters. Once paid, none of the Fees shall be refundable or creditable under any circumstances, except as otherwise provided in the Fee Letters and
Engagement Letter. 
 SECTION 2.23 Right of Set-Off. Upon the occurrence and
during the continuance of any Event of Default pursuant to Section 7.01(b), the Administrative Agent, the Collateral Agent, each Issuing Lender and each Lender (and their respective banking Affiliates) are hereby authorized at any time and from
time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final but excluding deposits in the Escrow Accounts, Payroll Accounts and other accounts, in each
case, held in trust for an identified beneficiary) at any time held and other Indebtedness at any time owing by the Administrative Agent, each such Issuing Lender and each such Lender (or any of such banking Affiliates) to or for the credit or the
account of the Borrower or any Guarantor against any and all of any such overdue amounts owing under the Loan Documents, irrespective of whether or not the Administrative Agent or such Lender shall have made any demand under any Loan Document;
provided that in the event that any Defaulting Lender exercises any such right of setoff, (x) all amounts so set off will be paid over immediately to the Administrative Agent for further application in accordance with the provisions of
Section 2.26(g) and, pending such payment, will be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the Issuing Lenders and the Lenders and (y) the Defaulting
Lender will provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. Each Lender, each Issuing Lender and the
Administrative Agent agree promptly to notify the Borrower and Guarantors after any such set-off and application made by such Lender, such Issuing Lender or the Administrative Agent (or any of such banking
Affiliates), as 

  
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the case may be; provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of each
Lender, each Issuing Lender and the Administrative Agent under this Section 2.23 are in addition to other rights and remedies which such Lender and the Administrative Agent may have upon the occurrence and during the continuance of any Event of
Default. 
 SECTION 2.24 Security Interest in Letter of Credit Account. The Borrower and the Guarantors hereby pledge to the
Collateral Agent, for its benefit and for the benefit of the other Secured Parties, and hereby grant to the Collateral Agent, for its benefit and for the benefit of the other Secured Parties, a first priority security interest, senior to all other
Liens, if any, in all of the Borrower’s and the Guarantors’ right, title and interest in and to the Letter of Credit Account, any direct investment of the funds contained therein and any proceeds thereof. Cash held in the Letter of Credit
Account shall not be available for use by the Borrower, and shall be released to the Borrower only as described in Section 2.02(j). 

SECTION 2.25 Payment of Obligations. Subject to the provisions of Section 7.01, upon the maturity (whether by acceleration or
otherwise) of any of the Obligations under this Agreement or any of the other Loan Documents of the Borrower and the Guarantors, the Lenders shall be entitled to immediate payment of such Obligations. 

SECTION 2.26 Defaulting Lenders. 

(a) If at any time any Lender becomes a Defaulting Lender, then the Borrower may, on ten (10) Business Days’ prior written notice to
the Administrative Agent and such Lender, (i) terminate such Lender’s Revolving Commitment, prepay such Lender’s outstanding Loans and provide Cash Collateralization for such Lender’s LC Exposure, as applicable, or
(ii) replace such Lender by causing such Lender to (and such Lender shall be obligated to) assign pursuant to Section 10.02(b) (with the assignment fee to be waived in such instance and subject to any consents required by such Section) all
of its rights and obligations under this Agreement to one or more assignees; provided that neither the Administrative Agent nor any Lender shall have any obligation to the Borrower to find a replacement Lender or other such Person. 

(b) Any Lender being replaced pursuant to Section 2.26(a) shall (i) execute and deliver an Assignment and Acceptance with respect to
such Lender’s outstanding Commitments, Loans and participations in Letters of Credit and (ii) deliver any documentation evidencing such Loans to the Borrower or the Administrative Agent. Pursuant to such Assignment and Acceptance,
(A) the assignee Lender shall acquire all or a portion, as specified by the Borrower and such assignee, of the assigning Lender’s outstanding Commitments, Loans and participations in Letters of Credit, (B) all obligations of the
Borrower owing to the assigning Lender relating to the Commitments, Loans and participations so assigned shall be paid in full by the assignee Lender to such assigning Lender concurrently with such Assignment and Acceptance (including, without
limitation, any amounts owed under Section 2.15 due to such replacement occurring on a day other than the last day of an Interest Period), and (C) upon such payment and, if so requested by the assignee Lender, delivery to the assignee
Lender of the appropriate documentation executed by the Borrower in connection with previous Borrowings, the assignee Lender shall become a Lender hereunder and the assigning Lender shall cease to constitute a Lender hereunder with respect to such
assigned Commitments, Loans and 

  
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participations, except with respect to indemnification provisions under this Agreement, which shall survive as to such assigning Lender; provided that an assignment contemplated by this
Section 2.26(b) shall become effective notwithstanding the failure by the Lender being replaced to deliver the Assignment and Acceptance contemplated by this Section 2.26(b), so long as the other actions specified in this
Section 2.26(b) shall have been taken. 
 (c) Anything herein to the contrary notwithstanding, if a Revolving Lender becomes, and
during the period it remains, a Defaulting Lender, during such period, such Defaulting Lender shall not be entitled to any fees accruing during such period pursuant to Section 2.20 and 2.21 (without prejudice to the rights of the Non-Defaulting Lenders in respect of such fees); provided that (a) to the extent that all or a portion of the LC Exposure of such Defaulting Lender is reallocated to the
Non-Defaulting Lenders pursuant to Section 2.26(d)(i), such fees that would have accrued for the benefit of such Defaulting Lender shall instead accrue for the benefit of and be payable to such Non-Defaulting Lenders and (b) to the extent that all or any portion of such LC Exposure cannot be so reallocated and is not Cash Collateralized in accordance with Section 2.26(d)(ii), such fees shall
instead accrue for the benefit of and be payable to the Issuing Lenders as their interests appear (and the applicable pro rata payment provisions under this Agreement shall automatically be deemed adjusted to reflect the provisions of this
Section 2.26). 
 (d) If any LC Exposure exists at the time a Revolving Lender becomes a Defaulting Lender then: 

(i) the LC Exposure of such Defaulting Lender will, upon at least two (2) Business Days prior notice to the Borrower and
the Non-Defaulting Lenders by the Administrative Agent, and subject in any event to the limitation in the first proviso below, automatically be reallocated (effective on the day specified in such notice) among
the Non-Defaulting Lenders pro rata in accordance with their respective Revolving Commitments; provided that (A) the Revolving Extensions of Credit of each such
Non-Defaulting Lender may not in any event exceed the Revolving Commitment of such Non-Defaulting Lender as in effect at the time of such reallocation, (B) such
reallocation will not constitute a waiver or release of any claim the Borrower, the Administrative Agent, the Issuing Lenders or any other Lender may have against such Defaulting Lender, (C) at the time of such reallocation, no Event of Default
pursuant to Section 7.01(b), (e)(B), (f) or (g) has occurred and is continuing and (D) neither such reallocation nor any payment by a Non-Defaulting Lender as a result thereof will cause such
Defaulting Lender to be a Non-Defaulting Lender; and 
 (ii) to the extent that any
portion (the “unreallocated portion”) of the Defaulting Lender’s LC Exposure cannot be so reallocated, whether by reason of the first proviso in clause (i) above or otherwise, the Borrower will, not later than
three (3) Business Days after demand by the Administrative Agent, (A) Cash Collateralize the obligations of the Borrower to the Issuing Lenders in respect of such LC Exposure in an amount at least equal to the aggregate amount of the
unreallocated portion of such LC Exposure or (B) make other arrangements satisfactory to the Administrative Agent and the Issuing Lenders in their sole discretion to protect them against the risk of
non-payment by such Defaulting Lender. 

  
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 (e) In addition to the other conditions precedent set forth in this Agreement, if any Revolving
Lender becomes, and during the period it remains, a Defaulting Lender, no Issuing Lender shall be required to issue any Letter of Credit or to amend any outstanding Letter of Credit, unless: 

(i) in the case of a Defaulting Lender, the LC Exposure of such Defaulting Lender is reallocated, as to outstanding and future
Letters of Credit, to the Non-Defaulting Lenders as provided in Section 2.26(d)(i), except as provided in clause (ii) below, and 

(ii) to the extent full reallocation does not occur as provided in clause (i) above, without limiting the provisions of
Section 2.26(f), the Borrower shall Cash Collateralize the obligations of the Borrower in respect of such Letter of Credit in an amount at least equal to the aggregate amount of the obligations (contingent or otherwise) of such Defaulting
Lender in respect of such Letter of Credit, or makes other arrangements satisfactory to the Administrative Agent and such Issuing Lenders in their sole discretion to protect them against the risk of
non-payment by such Defaulting Lender, or 
 (iii) to the extent that neither
reallocation nor Cash Collateralization occurs pursuant to clauses (i) or (ii), then in the case of a proposed issuance of a Letter of Credit, by an instrument or instruments in form and substance reasonably satisfactory to the Administrative
Agent, and to such Issuing Lender, as the case may be, (A) the Borrower agrees that the face amount of such requested Letter of Credit will be reduced by an amount equal to the portion thereof as to which such Defaulting Lender would otherwise
be liable, and (B) the Non-Defaulting Lenders’ obligations in respect of such Letter of Credit shall be on a pro rata basis in accordance with the Revolving Commitments of the Non-Defaulting Lenders, and that the applicable pro rata payment provisions under this Agreement will be deemed adjusted to reflect this provision (provided that nothing in this clause (iii) will be
deemed to increase the Revolving Commitments of any Lender, nor to constitute a waiver or release of any claim the Borrower, the Administrative Agent, any Issuing Lender or any other Lender may have against such Defaulting Lender, nor to cause such
Defaulting Lender to be a Non-Defaulting Lender). 
 (f) If any Revolving Lender becomes, and during
the period it remains, a Defaulting Lender and if any Letter of Credit is at the time outstanding, the applicable Issuing Lender may (except to the extent the Revolving Commitments of such Defaulting Lender have been fully reallocated pursuant to
Section 2.26(d)(i)), by notice to the Borrower and such Defaulting Lender through the Administrative Agent, require the Borrower to Cash Collateralize, not later than three (3) Business Days after receipt by the Borrower of such notice,
the obligations of the Borrower to such Issuing Lender in respect of such Letter of Credit in an amount equal to the aggregate amount of the obligations (contingent or otherwise) of such Defaulting Lender in respect thereof, or to make other
arrangements satisfactory to the Administrative Agent and such Issuing Lender in their sole discretion to protect them against the risk of non-payment by such Defaulting Lender. 

  
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 (g) Any amount paid by the Borrower or otherwise received by the Administrative Agent for the
account of any Lender that is a Defaulting Lender (whether on account of principal, interest, fees, indemnity payments or other amounts) will not be paid or distributed to such Defaulting Lender, but shall instead be retained by the Administrative
Agent in a segregated account until (subject to Section 2.26(i)) the termination of the Revolving Commitments and payment in full of all obligations of the Borrower hereunder and will be applied by the Administrative Agent, to the fullest
extent permitted by law, to the making of payments from time to time in the following order of priority: 
 first, to
the payment of any amounts owing by such Defaulting Lender to the Administrative Agent; 
 second, to the payment of
any amounts owing by such Defaulting Lender to the Issuing Lenders under this Agreement; 
 third, to the payment of
the default interest and then current interest due and payable to the Revolving Lenders which are Non-Defaulting Lenders hereunder, ratably among them in accordance with the amounts of such interest then due
and payable to them; 
 fourth, to the payment of fees then due and payable to the
Non-Defaulting Lenders hereunder, ratably among them in accordance with the amounts of such fees then due and payable to them; 

fifth, to pay principal and unreimbursed LC Disbursements then due and payable to the
Non-Defaulting Lenders hereunder ratably in accordance with the amounts thereof then due and payable to them; 

sixth, to the ratable payment of other amounts then due and payable to the
Non-Defaulting Lenders; 
 seventh, to the funding of any Loan or the funding
or Cash Collateralization of any participation in any Letter of Credit in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; 

eighth, if so determined by the Administrative Agent and the Borrower, held in such account as Cash Collateral for
future funding obligations of the Defaulting Lender under this Agreement; 
 ninth, pro rata, to the payment of
any amounts owing to the Borrower or the Lenders as a result of any judgment of a court of competent jurisdiction obtained by a Borrower or any Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its
obligations under this Agreement; and 
 tenth, after the termination of the Revolving Commitments and payment in full
of all obligations of the Borrower hereunder, to pay amounts owing under this Agreement to such Defaulting Lender or as a court of competent jurisdiction may otherwise direct. 

  
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 (h) The Borrower may terminate the unused amount of the Commitment of any Lender that is a
Defaulting Lender upon not less than ten (10) Business Days’ prior notice to the Administrative Agent (which shall promptly notify the Lenders thereof), and in such event the provisions of Section 2.26(g) will apply to all amounts
thereafter paid by the Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided that (i) no Event of Default shall have occurred and
be continuing and (ii) such termination shall not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agent, any Issuing Lender, or any Lender may have against such Defaulting Lender. 

(i) If the Borrower, the Administrative Agent and (in the case of Revolving Lender) the Issuing Lenders agree in writing that a Lender that is
a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which
may include arrangements with respect to any amounts then held in the segregated account referred to in Section 2.26(g)), such Lender, to the extent applicable, shall purchase at par such portions of outstanding Loans of the other Lenders,
and/or make such other adjustments, as the Administrative Agent may determine to be necessary to cause the Lenders to hold Loans on a pro rata basis in accordance with their ratable shares, whereupon such Lender shall cease to be a Defaulting Lender
and will be a Non-Defaulting Lender (and the LC Exposure of each Revolving Lender shall automatically be adjusted on a prospective basis to reflect the foregoing); provided that no adjustments shall be
made retroactively with respect to fees accrued while such Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender
to Non-Defaulting Lender shall constitute a waiver or release of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender. 

(j) Notwithstanding anything to the contrary herein, any Lender that is an Issuing Lender hereunder may not be replaced in its capacity as an
Issuing Lender at any time that it has a Letter of Credit outstanding hereunder unless arrangements reasonably satisfactory to such Issuing Lender have been made with respect to such outstanding Letters of Credit. 

SECTION 2.27 Increase in Commitment. 

(a) Borrower Request. The Borrower may by written notice to the Administrative Agent request (x) prior to the Revolving Facility
Maturity Date, an increase to the existing Revolving Commitments and/or LC Commitment or to establish one or more new Revolving Commitments and/or LC Commitments (each, an “Incremental Revolving Commitment”) and/or (y) at any
time the establishment of one or more new Term Loan Commitments (each, an “Incremental Term Loan Commitment”, and together with the Incremental Revolving Commitments, the “Incremental Commitments”) by an amount not
less than $50,000,000 individually. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which the Borrower proposes that the Incremental Commitments shall be effective, which shall be a date not
less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent (or such earlier date agreed by the Administrative Agent) and (ii) the identity of each Eligible Assignee or other lender reasonably
acceptable to the Administrative Agent (and, in the case of any Incremental Revolving Commitment that contains 

  
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an LC Commitment, each Issuing Lender) to whom the Borrower proposes any portion of such Incremental Commitments be allocated (each, a “New Lender”) and the amounts of such
allocations; provided that any existing Lender approached to provide all or a portion of the Incremental Commitments may elect or decline, in its sole discretion, to provide such Incremental Commitment. 

(b) Conditions. The Incremental Commitments shall become effective, as of such Increase Effective Date; provided that: 

(i) each of the conditions set forth in Section 4.02 shall be satisfied on or prior to such Increase Effective Date before
and after giving effect to such Incremental Commitments; 
 (ii) no Default or Event of Default shall have occurred and be
continuing or would result from giving effect to the Incremental Commitments on, or the making of any new Loans on, such Increase Effective Date; and 

(iii) the Borrower shall provide an Officer’s Certificate demonstrating in reasonable detail that, after giving pro forma
effect to (1) the Incremental Commitments, (2) any new Loans to be made on such Increase Effective Date and (3) the pledge of any Additional Collateral, the Collateral Coverage Ratio shall be no less than 1.6 to 1.0 and the aggregate
amount of Liquidity shall be no less than $2,000,000,000. 
 (c) Terms of New Loans and Commitments. The terms and provisions of
Loans made pursuant to the new Commitments shall be as follows: 
 (i) terms and provisions with respect to interest rates,
maturity date and amortization schedule of Loans made pursuant to any Incremental Term Loan Commitments (“Incremental Term Loans”) shall be as agreed upon between the Borrower and the applicable Lenders providing such Loans (it
being understood that the Incremental Term Loans may be part of the Class B Term Loans or any other Class of Term Loans); 

(ii) the maturity date of any Loans made pursuant to Incremental Term Loan Commitments shall be no earlier than the Term Loan
Maturity Date applicable to the Class B Term Loans that have not been extended pursuant to Section 2.28; 
 (iii)
the Weighted Average Life to Maturity of any Loans made pursuant to Incremental Term Loan Commitments shall be no shorter than the Weighted Average Life to Maturity of the Class B Term Loans made on the Closing Date; 

(iv) the interest rate margins for new Incremental Term Loans shall be determined by the Borrower and the applicable Lenders
providing such Loans; provided, however, that, with respect to any Class of Incremental Term Loans, if the All-In Initial Yield on such Class of Incremental Term Loans exceeds the All-In Initial Yield on the Class B Term Loans funded hereunder (the “Original Term Loans”) by more than 50 basis points (the amount of such excess, if any, above 50 basis points being referred
to herein as the “Yield Differential”), then the interest rate margin (and, as provided in the 

  
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following proviso, the LIBO Rate floor) then in effect for the Original Term Loans shall be increased to eliminate such Yield Differential; provided that, to the extent any portion of the Yield
Differential is attributable to any LIBO Rate floor applicable to such Class of Incremental Term Loans exceeding the LIBO Rate floor applicable to the Original Term Loans, the LIBO Rate floor applicable to the Original Term Loans shall first be
increased to eliminate such Yield Differential to an amount not to exceed the LIBO Rate floor applicable to such Class of Incremental Term Loans prior to any increase in the interest rate margin applicable to such Original Term Loans. 

(v) the maturity date of any Revolving Loans extended pursuant to such new Commitments shall be no earlier than the Revolving
Facility Maturity Date applicable to the Revolving Commitments that have not been extended pursuant to Section 2.28; 

(vi) any Revolving Commitments established pursuant to such Incremental Revolving Commitments shall not require any scheduled
amortization or mandatory commitment reduction prior to the Revolving Facility Maturity Date; and 
 (vii) to the extent that
the terms and provisions of Incremental Term Loans or the Revolving Loans made pursuant to Incremental Revolving Commitments are not consistent with an outstanding Class of Term Loans or to the outstanding Revolving Loans, as applicable (except
to the extent permitted by clauses (i), (ii), (iii), (iv), (v) and (vi) above), such terms and conditions shall be reasonably satisfactory to the Administrative Agent and the Borrower. 

The Incremental Commitments shall be effected by a joinder agreement (the “Increase Joinder”) executed by the Borrower, the Administrative
Agent and each Lender making such Incremental Commitment, in form and substance reasonably satisfactory to each of them. Notwithstanding anything else to the contrary in this Agreement or the other Loan Documents, the Increase Joinder may, without
the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent and the Borrower, to effect the provisions of this
Section 2.27. In addition, unless otherwise specifically provided herein, all references in the Loan Documents to Revolving Loans or Term Loans shall be deemed, unless the context otherwise requires, to include references to Revolving Loans
made pursuant to any increased Revolving Commitments and any Incremental Term Loans that are Term Loans, respectively, made pursuant to this Agreement. 

(d) Adjustment of Revolving Loans. To the extent the Commitments being increased on the relevant Increase Effective Date are Revolving
Commitments, each of the existing Revolving Lenders shall assign to each of the applicable New Lenders, and each of the New Lenders shall purchase from each of the existing Revolving Lenders, at the principal amount thereof (together with accrued
interest), such interests in the Revolving Loans outstanding on such Increase Effective Date as shall be necessary in order that, after giving effect to all such assignments and purchases, such Revolving Loans will be held by the existing Revolving
Lenders and New Lenders ratably in accordance with their Revolving Commitments after giving effect to the increased Revolving Commitments on such Increase Effective Date. If 

  
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there is a new Borrowing of Revolving Loans on such Increase Effective Date, the Revolving Lenders after giving effect to such Increase Effective Date shall make such Revolving Loans in
accordance with Section 2.01(a). 
 (e) Making of New Term Loans. On any Increase Effective Date on which one or more
Incremental Term Loan Commitments becomes effective, subject to the satisfaction of the foregoing terms and conditions, each Lender of such Incremental Term Loan Commitment shall make an Incremental Term Loan to the Borrower in an amount equal to
its Incremental Term Loan Commitment. 
 (f) Security and Guaranty. The Incremental Commitments will be secured on a pari
passu or (at the Borrower’s option) junior basis by the same Collateral securing the obligations under the Facilities, and the Incremental Commitments and any incremental loans drawn thereunder shall rank pari passu in right of
payment with or (at the Borrower’s option) junior to the obligations under the Facilities (it being understood any such junior liens shall be subject to any Intercreditor Agreement or any Other Intercreditor Agreement). Incremental Commitments
shall benefit from the same guarantees as the Facilities. 
 SECTION 2.28 Extension of Term Loans; Extension of the Revolving
Facility. 
 (a) Extension of Term Loans. Notwithstanding anything to the contrary in this Agreement, pursuant to one or more
offers (each, a “Term Loan Extension Offer”), made from time to time by the Borrower to all Term Lenders holding Term Loans with like maturity date, on a pro rata basis (based on the aggregate Term Loan Commitments with like
maturity date) and on the same terms to each such Term Lender, the Borrower is hereby permitted to consummate from time to time transactions with individual Term Lenders that accept the terms contained in such Term Loan Extension Offers to extend
the scheduled maturity date with respect to all or a portion of any outstanding principal amount of such Term Lender’s Term Loans and otherwise modify the terms of such Term Loans pursuant to the terms of the relevant Term Loan Extension Offer
(including, without limitation, by changing the interest rate or fees payable in respect of such Term Loan Commitments) (each, a “Term Loan Extension,” and each group of Term Loans, as so extended, as well as the original Term Loans
not so extended, being a “tranche of Term Loans,” and subject to the last sentence of the definition of “Class,” any Extended Term Loan shall constitute a separate tranche of Term Loans from the tranche of Term Loans from
which they were converted), so long as the following terms are satisfied: 
 (i) no Event of Default pursuant to
Section 7.01(b), (e)(B), (f) or (g) shall have occurred and be continuing at the time the offering document in respect of a Term Loan Extension Offer is delivered to the applicable Term Lenders; 

(ii) except as to interest rates, fees, scheduled amortization payments of principal and final maturity (which shall be as set
forth in the relevant Term Loan Extension Offer), the Term Loan of any Term Lender that agrees to a Term Loan Extension with respect to such Term Loan extended pursuant to an Extension Amendment (an “Extended Term Loan”), shall be a
Term Loan with the same terms as the original Class of Term Loans being extended; provided that (1) the permanent repayment of Extended Term Loans after the applicable Term Loan Extension shall be

  
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made on a pro rata basis with all other Term Loans, except that the Borrower shall be permitted to permanently repay any such tranche of Term Loans on a better than a pro rata basis as compared
to any other tranche of Term Loans with a later maturity date than such tranche of Term Loans (it being understood that amortization payments and prepayments of Term Loans shall not be required to be on a pro rata basis), (2) assignments and
participations of Extended Term Loans shall be governed by the same assignment and participation provisions applicable to Term Loans or, at the Borrower’s discretion, governed by more restrictive assignment and participation provisions,
(3) the relevant Extension Amendment may provide for other covenants and terms that apply solely to any period after the Latest Maturity Date that is in effect on the effective date of such Extension Amendment (immediately prior to the
establishment of such Extended Term Loans), (4) Extended Term Loans may have call protection as may be agreed by the Borrower and the applicable Term Lenders of such Extended Term Loans, (5) no Extended Term Loans may be optionally prepaid
prior to the date on which all Term Loans with an earlier Term Loan Maturity Date are repaid in full, unless such optional prepayment is accompanied by a pro rata optional prepayment of such other Term Loans and (6) at no time shall there be
Term Loans hereunder (including Extended Term Loans and any original Term Loans) which have more than five different maturity dates; 

(iii) all documentation in respect of such Term Loan Extension shall be consistent with the foregoing; 

(iv) the Borrower may amend, revoke or replace a Term Loan Extension Offer at any time prior to the date on which Lenders under
the tranche of Term Loans are requested to respond to the offer; and 
 (v) any applicable Minimum Extension Condition shall
be satisfied unless waived by the Borrower. For the avoidance of doubt, no Term Lender shall be obligated to accept any Term Loan Extension Offer. 

(b) Extension of the Revolving Facility. Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers
(each, a “Revolver Extension Offer”) made from time to time by the Borrower to all Revolving Lenders holding Revolving Commitments with a like maturity date, on a pro rata basis (based on the aggregate Revolving Commitments with a
like maturity date) and on the same terms to each such Revolving Lender, the Borrower is hereby permitted to consummate from time to time transactions with individual Revolving Lenders that accept the terms contained in such Revolver Extension
Offers to extend the maturity date of all or a portion of each such Revolving Lender’s Revolving Commitments and otherwise modify the terms of such Revolving Commitments pursuant to the terms of the relevant Revolver Extension Offer (including,
without limitation, by the changing interest rate or fees payable in respect of such Revolving Commitments (and related outstandings)) (each, a “Revolver Extension,” and each group of Revolving Commitments, as so extended, as well
as the original Revolving Commitments not so extended, being a “tranche of Revolving Loans,” and any, subject to the last sentence of the definition of “Class,” Extended Revolving Commitments shall constitute a separate
tranche of Revolving Commitments from the tranche of Revolving Commitments from which they were converted), so long as the following terms are satisfied: 

(i) No Event of Default pursuant to Section 7.01(b), (e)(B), (f) or (g) shall have occurred and be continuing at the
time the offering document in respect of a Revolver Extension Offer is delivered to the applicable Revolving Lenders (the “Revolver Extension Offer Date”); 

  
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 (ii) except as to interest rates, fees and final maturity (which shall be set
forth in the relevant Revolver Extension Offer), the Revolving Commitment of any Revolving Lender that agrees to a Revolver Extension with respect to such Revolving Commitment extended pursuant to an Extension Amendment (an “Extended
Revolving Commitment”), and the related outstandings, shall be a Revolving Commitment (or related outstandings, as the case may be) with the same terms as the original Class of Revolving Commitments being extended (and related
outstandings); provided that (1) the borrowing and repayment (except for (A) payments of interest and fees at different rates on Extended Revolving Commitments (and related outstandings), (B) repayments required upon the
maturity date of the non-extending Revolving Commitments and (C) repayment made in connection with a permanent repayment and termination of commitments) of Revolving Loans with respect to Extended
Revolving Commitments after the applicable Revolver Extension Offer Date shall be made on a pro rata basis with all other Revolving Commitments (it being understood that (a) prepayments of Revolving Loans other than in connection with a
termination of commitments shall not be required to be on a pro rata basis and (b) the Borrower shall be permitted to permanently repay and terminate commitments of any such tranche of Revolving Loans on a better than pro rata basis as compared
to any other tranche of Revolving Loans with a later maturity date than such tranche of Revolving Loans), (2) assignments and participations of Extended Revolving Commitments and extended Revolving Loans shall be governed by the same assignment
and participation provisions applicable to Revolving Commitments and Revolving Loans or, at the Borrower’s discretion, governed by more restrictive assignment and participation provisions and (3) at no time shall there be Revolving
Commitments hereunder (including Extended Revolving Commitments and any original Revolving Commitments) which have more than five different maturity dates; 

(iii) if the aggregate principal amount of Revolving Commitments in respect of which Revolving Lenders shall have accepted the
relevant Revolver Extension Offer shall exceed the maximum aggregate principal amount of Revolving Commitments, as the case may be, offered to be extended by the Borrower pursuant to such Revolver Extension Offer, then the Revolving Loans of such
Revolving Lenders shall be extended ratably up to such maximum amount based on the respective principal amounts (but not to exceed actual holdings of record) with respect to which such Revolving Lenders have accepted such Revolver Extension Offer;

 (iv) if the aggregate principal amount of Revolving Commitments in respect of which Revolving Lenders shall have accepted
the relevant Revolver Extension Offer shall be less than the maximum aggregate principal amount of Revolving Commitments, as the case may be, offered to be extended by the Borrower pursuant to such Revolver Extension Offer, then the Borrower may
require each Revolving Lender that does not accept such Revolver Extension Offer to assign pursuant to Section 10.02 its pro rata share (or any portion thereof) of the outstanding Revolving Commitments,

  
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Revolving Loans and/or participations in Letters of Credit (as applicable) offered to be extended pursuant to such Revolver Extension Offer to one or more assignees which have agreed to such
assignment and to extend the applicable Revolving Facility Maturity Date; provided that (1) each Revolving Lender that does not respond affirmatively by the deadline set forth in the Revolver Extension Offer shall be deemed not to have
accepted such Revolver Extension Offer, (2) each assigning Revolving Lender shall have received payment of an amount equal to the outstanding principal of its Revolving Loans and unreimbursed funded participations in LC Disbursements, accrued
interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees or portion thereof that has been assigned pursuant to this
Section 2.28(b)(iv), if applicable) or the Borrower (in the case of all other amounts), (3) the processing and recordation fee specified in Section 10.02(b)(ii)(D) shall be paid by the Borrower or such assignee and (4) the
assigning Revolving Lender shall continue to be entitled to the rights under Section 10.04 for any period prior to the effectiveness of such assignment; 

(v) all documentation in respect of such Revolver Extension shall be consistent with the foregoing unless otherwise agreed by
the Administrative Agent and the Borrower; 
 (vi) the Borrower may amend, revoke or replace a Revolver Extension Offer at
any time prior to the date on which Lenders under the tranche of Revolving Loans are requested to respond to the offer; and 

(vii) any applicable Minimum Extension Condition shall be satisfied unless waived by the Borrower. For the avoidance of doubt,
no Revolving Lender shall be obligated to accept any Revolver Extension Offer. 
 (c) Minimum Extension Condition. With respect to
all Extensions consummated by the Borrower pursuant to this Section 2.28, (i) such Extensions shall not constitute mandatory or voluntary payments or prepayments for purposes of Section 2.12 or Section 2.13 and (ii) each
Extension Offer shall specify the minimum amount of Term Loans or Revolving Commitments (if any), as the case may be, to be tendered, which shall be a minimum amount approved by the Administrative Agent (a “Minimum Extension
Condition”). The Administrative Agent and the Lenders hereby consent to the transactions contemplated by this Section 2.28 (including, for the avoidance of doubt, payment of any interest, fees or premium in respect of any Extended Term
Loans or Extended Revolving Commitments on such terms as may be set forth in the relevant Extension Offer) and hereby waive the requirements of any provision of this Agreement (including, without limitation, Sections 2.11, 2.12, 2.17 and 8.08)
or any other Loan Document that may otherwise prohibit any such Extension or any other transaction contemplated by this Section 2.28. 

(d) Extension Amendment. The consent of the Administrative Agent shall be required to effectuate any Extension, such consent not to be
unreasonably withheld. No consent of any Lender shall be required to effectuate any Extension, other than (A) in the case of a Revolver Extension, (i) the consent of each Lender agreeing to such Extension with respect to all or any portion
of its Revolving Commitments (or, in the case of an Extension pursuant to 

  
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clause (iv) of Section 2.28(b), the consent of the assignee agreeing to the assignment of one or more Revolving Commitments, Revolving Loans and/or participations in Letters of Credit)
and (ii) the consent of each Issuing Lender, which consent shall not be unreasonably withheld or delayed and (B) in the case of a Term Loan Extension, the consent of each Lender agreeing to such Extension with respect to all or any portion
of its Term Loans, as applicable. All Extended Term Loans and Extended Revolving Commitments and all obligations in respect thereof shall be Obligations under this Agreement and the other Loan Documents that are secured by the Collateral on a
pari passu basis with all other applicable Obligations under this Agreement and the other Loan Documents. Notwithstanding anything else to the contrary set forth in this Agreement or the other Loan Documents, the Lenders hereby irrevocably
authorize each Agent to enter into amendments to this Agreement and the other Loan Documents (each, an “Extension Amendment”) with the Borrower as may be necessary in order to establish new tranches or
sub-tranches or Classes in respect of Term Loans or Revolving Commitments so extended and such technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and
the Borrower in connection with the establishment of such new tranches or sub-tranches or Classes, in each case on terms consistent with this Section 2.28. In addition, if so provided in such Extension
Amendment relating to a Revolver Extension and with the consent of the Issuing Lenders, participations in Letters of Credit expiring on or after the Revolving Facility Maturity Date with respect to Revolving Commitments not so extended shall be re-allocated from Revolving Lenders holding Revolving Commitments to Revolving Lenders holding Extended Revolving Commitments in accordance with the terms of such Extension Amendment; provided,
however, that such participation interests shall, upon receipt thereof by the relevant Lenders holding Extended Revolving Commitments, be deemed to be participation interests in respect of such Extended Revolving Commitments and the terms of
such participation interests (including, without limitation, the commission applicable thereto) shall be adjusted accordingly; and provided, further, that the Borrower shall have the right (without limitation of its rights pursuant to
Section 2.28(b)(iv) above) to (i) replace any non-extending Lender with respect to all or a portion of its Loans or Commitments, as applicable, in connection with either a Revolver Extension or a
Term Loan Extension by having such Loans or Revolving Commitments (or any portion thereof) assigned, in accordance with Sections 2.28(b)(iv) and Section 10.02, at par, to one or more other Eligible Assignees or (ii) terminate all or a
portion of the Commitments of, and repay the Obligations owing to any such non-extending Lender. 

(e) In connection with any Extension, the Borrower shall provide the Administrative Agent at least five (5) Business Days (or such
shorter period as may be agreed by the Administrative Agent) prior written notice thereof, and shall agree to such procedures (including, without limitation, regarding timing, rounding and other adjustments and to ensure reasonable administrative
management of the credit facilities hereunder after such Extension), if any, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably to accomplish the purposes of this Section 2.28. 

ARTICLE III 
 REPRESENTATIONS AND
WARRANTIES 
 To induce the Lenders and any Issuing Lender to make Extensions of Credit requested by the Borrower to be made on the Closing
Date and on each Borrowing Date (if any) 

  
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thereafter, each of the Borrower and the Guarantors jointly and severally represents and warrants, on the Closing Date and other than with respect to Sections 3.05(b), 3.06, 3.09(a) and 3.19
on each Borrowing Date (if any) thereafter, as follows: 
 SECTION 3.01 Organization and Authority. The Borrower and each
Guarantor (a) is duly organized, validly existing and in good standing (to the extent such concept is applicable in the applicable jurisdiction) under the laws of the jurisdiction of its organization and is duly qualified and in good standing
in each other jurisdiction in which the failure to so qualify would have a Material Adverse Effect and (b) has the requisite corporate or limited liability company power and authority under the laws of the jurisdiction of its organization, to
effect the Transactions, to own or lease and operate its properties and to conduct its business as now or currently proposed to be conducted. 

SECTION 3.02 Air Carrier Status. As of the date hereof, the Borrower is an “air carrier” within the meaning of
Section 40102 of Title 49 and holds a certificate under Section 41102 of Title 49. The Borrower holds an air carrier operating certificate issued pursuant to Chapter 447 of Title 49. The Borrower is a “citizen of the United
States” as defined in Section 40102(a)(15) of Title 49 and as that statutory provision has been interpreted by the DOT pursuant to its policies (a “United States Citizen”). The Borrower possesses all necessary
certificates, franchises, licenses, permits, rights, designations, authorizations, exemptions, concessions, frequencies and consents of any Governmental Authority which relate to the operation of any Scheduled Services and the conduct of its
business and operations as currently conducted, except where failure to so possess would not, individually or in the aggregate, have a Material Adverse Effect. 

SECTION 3.03 Due Execution. Except (other than with respect to clause (a)(i) below) for any Transfer Restriction, the execution,
delivery and performance by each of the Borrower and the Guarantors of each of the Loan Documents to which it is a party (a) are within the respective corporate or limited liability company powers of each of the Borrower and the Guarantors,
have been duly authorized by all necessary corporate or limited liability company action, including the consent of shareholders or members where required, and do not (i) contravene the charter, by-laws or
limited liability company agreement (or equivalent documentation) of any of the Borrower or the Guarantors, (ii) violate any applicable law (including, without limitation, the Exchange Act) or regulation (including, without limitation,
Regulations T, U or X of the Board), or any order or decree of any court or Governmental Authority, other than violations by the Borrower or the Guarantors which would not reasonably be expected to have a Material Adverse Effect, (iii) conflict
with or result in a breach of, or constitute a default under, any material indenture, mortgage or deed of trust or any material lease, agreement or other instrument binding on the Borrower or the Guarantors or any of their properties, which, in the
aggregate, would reasonably be expected to have a Material Adverse Effect or (iv) result in or require the creation or imposition of any Lien upon any of the property of any of the Borrower or the other Grantors other than the Liens granted
pursuant to this Agreement or the other Loan Documents and (b) do not require the consent, authorization by or approval of or notice to or filing or registration with any Governmental Authority or any other Person, other than (i) the
filing of financing statements under the UCC, (ii) such as may be required in order to perfect and register the security interests and liens purported to be created by the Collateral Documents, (iii) approvals, consents and exemptions that
have been obtained on or 

  
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prior to the Closing Date and remain in full force and effect, (iv) consents, approvals and exemptions that the failure to obtain in the aggregate would not be reasonably expected to result
in a Material Adverse Effect and (v) routine reporting obligations. Each Loan Document to which the Borrower or any Guarantor is a party has been duly executed and delivered by each of the Borrower and the Guarantors party thereto. Each of this
Agreement and the other Loan Documents to which the Borrower or any of the Guarantors is a party, is a legal, valid and binding obligation of the Borrower and each Guarantor party thereto, enforceable against the Borrower and the Guarantors, as the
case may be, in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether
considered in a proceeding in equity or at law. 
 SECTION 3.04 Statements Made. 

(a) The written information furnished by or on behalf of the Borrower or any Guarantor to the Administrative Agent or any Lender in connection
with the negotiation of this Agreement (as modified or supplemented by other written information so furnished), together with the Annual Report on Form 10-K for 2015 of Parent filed with the SEC and all
Quarterly Reports on Form 10-Q or Current Reports on Form 8-K that have been filed after December 31, 2015, by Parent with the SEC (as amended), taken as a
whole as of the Closing Date, did not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made therein not misleading in light of the circumstances in which such information was provided;
provided that, with respect to projections, estimates or other forward-looking information the Borrower and the Guarantors represent only that such information was prepared in good faith based upon
assumptions believed to be reasonable at the time that such forward-looking information was prepared. 
 (b) The Annual Report on Form 10-K of Parent most recently filed with the SEC, and each Quarterly Report on Form 10-Q and Current Report on Form 8-K of Parent filed
with the SEC subsequently and prior to the date that this representation and warranty is being made, did not as of the date filed with the SEC (giving effect to any amendments thereof made prior to the date that this representation and warranty is
being made) contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading. 

SECTION 3.05 Financial Statements; Material Adverse Change. 

(a) (i) The audited consolidated financial statements of Parent and its Subsidiaries for the fiscal year ended December 31, 2015,
included in Parent’s Annual Report on Form 10-K for 2015 filed with the SEC, as amended and (ii) the unaudited consolidated financial statement of Parent and its Subsidiaries for the fiscal quarters
ending March 31, 2016, June 30, 2016 and September 30, 2016, each present fairly, in all material respects, in accordance with GAAP, the financial condition, results of operations and cash flows of Parent and its Subsidiaries on a
consolidated basis as of such date and for such period (except that any unaudited consolidated financial statements are subject to normal year-end audit adjustments and the absence of footnotes). 

(b) Except as disclosed in Parent’s Annual Report on Form 10-K for 2015 or any subsequent report
filed by Parent on Form 10-Q or Form 8-K with the SEC, since December 31, 2015, there has been no Material Adverse Change. 

  
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 SECTION 3.06 Ownership of Subsidiaries. As of the Closing Date, other than as set
forth on Schedule 3.06, (a) each of the Persons listed on Schedule 3.06 is a wholly-owned, direct or indirect Subsidiary of Parent and (b) Parent owns no other Subsidiaries (other than
Immaterial Subsidiaries), whether directly or indirectly. 
 SECTION 3.07 Liens. There are no Liens of any nature whatsoever on
any Collateral, except for Permitted Liens. 
 SECTION 3.08 Use of Proceeds. The proceeds of the Loans, and the Letters of
Credit, shall be used for general corporate purposes. 
 SECTION 3.09 Litigation and Compliance with Laws. 

(a) Except as disclosed in Parent’s Annual Report on Form 10-K for 2015 or any subsequent report
filed by Parent on Form 10-Q or Form 8-K with the SEC since December 31, 2015, there are no actions, suits, proceedings or investigations pending or, to the
knowledge of the Borrower or the Guarantors, threatened against the Borrower or the Guarantors or any of their respective properties (including any properties or assets that constitute Collateral under the terms of the Loan Documents), before any
court or governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, that (i) are likely to have a Material Adverse Effect or (ii) could reasonably be expected to affect the legality, validity,
binding effect or enforceability of the Loan Documents. 
 (b) Except with respect to any matters that, individually or in the aggregate,
would not reasonably be expected to result in a Material Adverse Effect, the Borrower and each Guarantor to its knowledge is currently in compliance with all applicable statutes, regulations and orders of, and all applicable restrictions imposed by,
all Governmental Authorities, in respect of the conduct of its business and ownership of its property. 
 SECTION 3.10 Slots.
Each applicable Grantor holds its respective Pledged Slots pursuant to authority granted by the applicable Governmental Authorities and Foreign Aviation Authorities, and there exists no material violation by such Grantor of the terms, conditions or
limitations of any rule, regulation or order of the applicable Governmental Authorities or Foreign Aviation Authorities regarding such Pledged Slots or any provisions of law applicable to such Pledged Slots that gives any applicable Governmental
Authority or Foreign Aviation Authority the right to modify in any material respect, terminate, cancel or withdraw the rights of such Grantor in any such Pledged Slots to the extent such Governmental Authority or Foreign Aviation Authority would not
have such right in the absence of such violation. 
 SECTION 3.11 Routes. With respect to any Pledged Route Authorities relating
to any Scheduled Services, each applicable Grantor holds the requisite authority to operate over such Grantor’s Pledged Route Authorities pursuant to Title 49 and all rules and regulations promulgated thereunder, subject only to the regulations
of the DOT, the FAA and the applicable Foreign Aviation Authorities and applicable treaties and bilateral and multilateral air 

  
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transportation agreements, and there exists no material violation by such Grantor of any certificate or order issued by the DOT authorizing such Grantor to operate over such Pledged Route
Authorities, the rules and regulations of any applicable Foreign Aviation Authority with respect to such Pledged Route Authorities or the provisions of Title 49 and rules and regulations promulgated thereunder applicable to such Pledged Route
Authorities that gives the FAA, DOT or any applicable Foreign Aviation Authority the right to modify in any material respect, terminate, cancel or withdraw the rights of such Grantor in any such Pledged Route Authorities. 

SECTION 3.12 Margin Regulations; Investment Company Act. 

(a) Neither the Borrower nor any Guarantor is engaged, principally or as one of its important activities, in the business of purchasing or
carrying margin stock (within the meaning of Regulation U issued by the Board, “Margin Stock”), or extending credit for the purpose of purchasing or carrying Margin Stock, and no proceeds of any Loans will be used to purchase or
carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock in violation of Regulation U. 

(b) Neither the Borrower nor any Guarantor is, or after the making of the Loans will be, or is required to be, registered as an
“investment company” under the Investment Company Act of 1940, as amended. 
 SECTION 3.13 Holding of Collateral. Each
applicable Grantor is, and as to Collateral acquired by it from time to time after the date hereof each Grantor will be, the holder of all such Collateral free from any Lien except for (1) the Lien and security interest created by the
Collateral Documents and (2) Permitted Liens. 
 SECTION 3.14 Perfected Security Interests. All UCC filings necessary or
reasonably requested by the Collateral Agent to create, preserve, protect and perfect the security interests granted by the Borrower or any Guarantor, as applicable, to the Collateral Agent for the benefit of the Secured Parties in respect of the
Collateral (other than the Account Collateral) under the Slot Security Agreement and the General Security Agreement have been accomplished by the Borrower or the relevant Grantor to the extent that such security interests can be perfected by filings
under the UCC and all actions necessary to obtain control of the Account Collateral, if any, as provided in Sections 9-104 and 9-106 of the UCC have been taken by such
Grantor to the extent that such security interests can be perfected on or before the date of execution and delivery of the Account Control Agreement, if any. Subject to any Intercreditor Agreement and any Other Intercreditor Agreement, the security
interests granted to the Collateral Agent for the benefit of the Secured Parties pursuant to the Slot Security Agreement in and to the Collateral described therein constitute and hereafter at all times shall constitute a perfected security interest
therein superior and prior to the rights of all other Persons therein (subject, in the case of priority only, only to Permitted Liens) to the extent such perfection and priority can be obtained by filings under the UCC and the Collateral Agent is
entitled with respect to such perfected security interest to all the rights, priorities and benefits afforded by the UCC to perfected security interests. 

SECTION 3.15 Payment of Taxes. Each of Parent and its Restricted Subsidiaries has timely filed or caused to be filed all Tax
returns and reports required to have been filed by it 

  
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through the date hereof, except for such exceptions as would not individually or collectively have a Material Adverse Effect, and has paid or caused to be paid when due all Taxes required to have
been paid by it, except such as are being contested in good faith by appropriate proceedings or as would not individually or collectively have a Material Adverse Effect. 

SECTION 3.16 No Unlawful Payments. Neither of the Borrower, any Guarantor nor any of their respective subsidiaries nor, to the
knowledge of the Borrower or any Guarantor, any director, officer, agent, employee or other person associated with or acting on behalf of the Borrower, any Guarantor or any of their respective subsidiaries has materially violated in the past five
years or is in material violation of (1) laws relating to the use of any corporate funds for unlawful contributions, gifts, entertainment or other unlawful expenses relating to political activity, (2) laws relating to direct or indirect
unlawful payments to any foreign or domestic government official or employee from corporate funds, (3) the Foreign Corrupt Practices Act of 1977, as amended, or the rules and regulations thereunder or (4) laws relating to bribes, rebates,
payoffs, influence payments, kickbacks or other unlawful payments. The Borrower and each Guarantor has implemented compliance programs for purposes of (a) informing the appropriate officers and employees of the Borrower, such Guarantor and
their respective subsidiaries of the Borrower’s and such Guarantor’s policies to ensure compliance with the laws described under (1) through (4) above, and (b) requiring such officers and employees to report to the Borrower and
such Guarantor any knowledge they may have of violations of the Borrower’s and such Guarantor’s policies referred to above. The Borrower and each Guarantor will not directly or indirectly use the proceeds of the Loans and Letter of Credit
issuances hereunder, or lend, contribute or otherwise make available such proceeds to any of its subsidiaries or joint venture partners or any other person or entity, for any purpose in breach of any laws described in clause (1) – (4) above.

 SECTION 3.17 OFAC. Neither of the Borrower, any Guarantor, nor any of their respective subsidiaries nor, to the knowledge of
the Borrower and any Guarantor, any director, officer, agent, employee or other person acting on behalf of the Borrower, any Guarantor or any of their respective subsidiaries is currently the subject of any U.S. sanctions administered by the U.S.
federal government (including the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”)); and the Borrower and each Guarantor will not directly or indirectly use the proceeds of the Loans and Letter of Credit
issuances hereunder, or lend, contribute or otherwise make available such proceeds to any of its subsidiaries or joint venture partners or any other person or entity, for the purpose of financing the activities of any person currently the subject of
any U.S. sanctions administered by the U.S. federal government (including OFAC). 
 SECTION 3.18 Compliance with Anti-Money
Laundering Laws. The operations of the Borrower, any Guarantor and their respective subsidiaries are and have been conducted at all times in material compliance with all applicable financial recordkeeping and reporting requirements,
including those of the Bank Secrecy Act, as amended by the Patriot Act, and the applicable anti-money laundering statutes of jurisdictions where the Borrower, any Guarantor and their respective subsidiaries conduct business, the rules and
regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Anti-Money Laundering Laws”), and no action, suit or proceeding by
or before any court or governmental agency, authority or body or any arbitrator involving the Borrower, any Guarantor or any of their respective subsidiaries with respect to the Anti-Money Laundering Laws is pending or, to the best knowledge of the
Borrower and any Guarantor, threatened. 

  
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 SECTION 3.19 Solvency. As of the Closing Date, after giving effect to the Loans made
on such date and the payment of all costs and expenses in connection therewith, the Borrower and the Guarantors, taken as a whole, are Solvent. 

SECTION 3.20 EEA Financial Institution. None of Parent, the Borrower or any other Loan Party is an EEA Financial Institution. 

ARTICLE IV 
 CONDITIONS OF LENDING

 SECTION 4.01 Conditions Precedent to Closing. This Agreement shall become effective on the date on which the following
conditions precedent shall have been satisfied (or waived by the Lenders in accordance with Section 10.08 and by the Administrative Agent): 

(a) Supporting Documents. The Administrative Agent shall have received with respect to each of the Borrower and the Guarantors in form
and substance reasonably satisfactory to the Administrative Agent: 
 (i) a certificate of the Secretary of State of the
state of such entity’s incorporation or formation, dated as of a recent date, as to the good standing of that entity (to the extent available in the applicable jurisdiction); 

(ii) a certificate of the Secretary or an Assistant Secretary (or similar officer), of such entity dated the Closing Date and
certifying (A) that attached thereto is a true and complete copy of the certificate of incorporation or formation and the by-laws or limited liability company or other operating agreement (as the case may
be) of that entity as in effect on the date of such certification, (B) that attached thereto is a true and complete copy of resolutions adopted by the Board of Directors, board of managers or members of that entity authorizing the Borrowings
and Letter of Credit issuances hereunder, the execution, delivery and performance in accordance with their respective terms of this Agreement, the other Loan Documents and any other documents required or contemplated hereunder or thereunder, and the
granting of the security interest in the Letter of Credit Account and other Liens contemplated hereby or the other Loan Documents (in each case to the extent applicable to such entity), (C) that the certificate of incorporation or formation of
that entity has not been amended since the date of the last amendment thereto indicated on the certificate of the Secretary of State furnished pursuant to clause (i) above, and (D) as to the incumbency and specimen signature of each
Responsible Officer of that entity executing this Agreement and the Loan Documents or any other document delivered by it in connection herewith or therewith (such certificate to contain a certification by another Responsible Officer of that entity
as to the incumbency and signature of the Responsible Officer signing the certificate referred to in this clause (ii)); and 

(iii) an Officer’s Certificate certifying (A) as to the truth in all material respects of the representations and
warranties set forth in Sections 3.01 through 3.15 hereunder and in the other Loan Documents and made by it as though made on the Closing Date, except to the extent that any such representation or warranty relates to a specified date, in which
case as of such date (provided that any representation or warranty that is qualified by materiality (it being understood that any representation or warranty that excludes circumstances that would not result in a “Material Adverse
Change” or “Material Adverse Effect” shall not be considered (for purposes of this proviso) to be qualified by materiality) shall be true and correct in all respects as of the applicable date, before and after giving effect to the
Closing Date Transactions) and (B) as to the absence of any event occurring and continuing, or resulting from the Closing Date Transactions, that constitutes a Default or an Event of Default. 

  
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 (b) Credit Agreement. Each party hereto shall have duly executed and delivered to the
Administrative Agent this Agreement. 
 (c) Loan Documents. The Borrower shall have duly executed and delivered to the Administrative
Agent the Slot Security Agreement, dated the Closing Date in substantially the form of Exhibit A, the General Security Agreement, dated the Closing Date in substantially the form of Exhibit C, the other Collateral Documents and the other
Loan Documents, together with all UCC financing statements in form and substance reasonably acceptable to the Collateral Agent, as may be required to grant, continue and maintain an enforceable security interest in the applicable Collateral (subject
to the terms hereof and of the other Loan Documents) in accordance with the UCC as enacted in all relevant jurisdictions. 
 (d) Initial
Appraisal. The Administrative Agent shall have received (x) the Initial Appraisals in form reasonably satisfactory to the Administrative Agent, and (y) an Officer’s Certificate from a Responsible Officer of the Borrower
demonstrating that, using the Appraised Value listed in the Initial Appraisal, on the Closing Date and after giving effect to the Extensions of Credit to be made on such date, the Collateral Coverage Ratio shall be no less than 1.6 to 1.0. 

(e) Opinions of Counsel. The Administrative Agent and the Lenders shall have received: 

(i) a customary written opinion of Latham & Watkins LLP, special counsel for Parent, the Borrower and each other
Guarantor, with respect to enforceability of the Loan Documents and related matters and with respect to the creation and perfection of the lien of the Slot Security Agreement and the General Security Agreement, addressed to the Administrative Agent,
the Revolving Lenders and the Class B Term Loan Lenders, and dated the Closing Date; and 
 (ii) a customary written
opinion of Latham & Watkins LLP, special counsel for Parent, the Borrower and each other Guarantor, with respect to the Collateral consisting of FAA Slots, addressed to the Administrative Agent, the Revolving Lenders and the Class B
Term Loan Lenders, and dated the Closing Date. 

  
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 (f) Payment of Fees and Expenses. The Borrower shall have paid to the Administrative
Agent, the Joint Lead Arrangers and Bookrunners and the Lenders the then-unpaid balance of all accrued and unpaid Fees due, owing and payable under and pursuant to this Agreement, as referred to in Section 2.19, and all reasonable and
documented out-of-pocket expenses of the Administrative Agent (including reasonable fees of counsel) for which invoices have been presented at least three
(3) Business Days prior to the Closing Date. 
 (g) Lien Searches. The Administrative Agent shall have received UCC searches
reasonably acceptable to the Administrative Agent conducted in the jurisdiction in which the Borrower is incorporated, reflecting the absence of Liens and encumbrances on the assets of the Borrower constituting Collateral on the Closing Date, other
than Permitted Liens. 
 (h) Consents. All material governmental and third-party consents and approvals necessary in connection with
the financing contemplated hereby shall have been obtained, in form and substance reasonably satisfactory to the Administrative Agent, and be in full force and effect. 

(i) Representations and Warranties. All representations and warranties of the Borrower and the Guarantors contained in this Agreement
and the other Loan Documents executed and delivered on the Closing Date other than Section 3.19 shall be true and correct in all material respects on and as of the Closing Date, before and after giving effect to the Closing Date Transactions,
as though made on and as of such date (except to the extent any such representation or warranty by its terms is made as of a different specified date, in which case as of such specified date); provided that any representation or warranty that
is qualified by materiality (it being understood that any representation or warranty that excludes circumstances that would not result in a “Material Adverse Change” or “Material Adverse Effect” shall not be considered (for
purposes of this proviso) to be qualified by materiality) shall be true and correct in all respects, as though made on and as of the applicable date, before and after giving effect to the Closing Date Transactions. 

(j) No Event of Default; No Material Adverse Change. No Default or Event of Default shall have occurred and be continuing. Since
December 31, 2015, there shall not have occurred a Material Adverse Change. 
 (k) Patriot Act. The Lenders shall have received
at least ten (10) days prior to the Closing Date all documentation and other information required by bank regulatory authorities under applicable
“know-your-customer” and anti-money laundering rules and regulations, including the Patriot Act, that such Lenders
shall have requested from the Borrower or Guarantor prior to such date. 
 (l) Financial Deliverables. The Administrative Agent shall
have received the most recent financial statements required to be delivered pursuant to Sections 5.01(a) and (b) and reports of the Borrower and Parent, which have been filed with the SEC. 

(m) Perfected Liens. The Collateral Agent, for the benefit of the Secured Parties, shall have obtained a valid and perfected first
priority lien on and security interest in the Collateral to the extent such security interests can be perfected under the UCC and all UCC 

  
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financing statements to be filed in the Borrower’s jurisdiction of organization in connection with the perfection of such security interests shall have been executed and delivered or made,
or shall be delivered or made substantially concurrently with the initial funding. 
 The execution by each Lender of this Agreement shall be deemed to be
confirmation by such Lender that any condition relating to such Lender’s satisfaction or reasonable satisfaction with any documentation set forth in this Section 4.01 has been satisfied as to such Lender. 

SECTION 4.02 Conditions Precedent to Each Loan and Each Letter of Credit. The obligation of the Lenders to make each Loan and of
the Issuing Lenders to issue each Letter of Credit, including the initial Loans and the initial Letters of Credit, is subject to the satisfaction (or waiver in accordance with Section 10.08) of the following conditions precedent
(provided, that any condition precedent to drawing of a Revolving Loan may be waived only by the Required Revolving Lenders): 
 (a)
Notice. The Administrative Agent shall have received a Loan Request pursuant to Section 2.03 with respect to such borrowing or a Letter of Credit Request for issuance of such Letter of Credit pursuant to Section 2.02, as the case
may be. 
 (b) Representations and Warranties. All representations and warranties contained in this Agreement and the other Loan
Documents (other than in the case of each Borrowing Date after the Closing Date, the representations and warranties set forth in Sections 3.05(b), 3.06, 3.09(a) and 3.19) shall be true and correct in all material respects on and as of the date
of such Loan or the issuance of such Letter of Credit hereunder (both before and after giving effect thereto and, in the case of each Loan, the application of proceeds therefrom) with the same effect as if made on and as of such date except to the
extent such representations and warranties expressly relate to an earlier date and in such case as of such date; provided that any representation or warranty that is qualified by materiality (it being understood that any representation or
warranty that excludes circumstances that would not result in a “Material Adverse Change” or “Material Adverse Effect” shall not be considered (for purposes of this proviso) to be qualified by materiality) shall be true and
correct in all respects, as though made on and as of the applicable date, before and after giving effect to such Loan or the issuance of such Letter of Credit hereunder. 

(c) No Default. On the date of such Loan or the issuance of such Letter of Credit hereunder, no (i) Event of Default or
(ii) Default with respect to Section 7.01(b), (e), (f) or (g) shall have occurred and be continuing nor shall any such Default or Event of Default, as the case may be, occur by reason of the making of the requested Borrowing or the
issuance of the requested Letter of Credit and, in the case of each Loan, the application of proceeds thereof. 
 (d) Collateral Coverage
Ratio. On the date of such Loan or the issuance of such Letter of Credit hereunder (and after giving pro forma effect thereto), the Collateral Coverage Ratio shall not be less than 1.6 to 1.0 as evidenced by the delivery of a Collateral Coverage
Ratio Certificate to the Administrative Agent demonstrating such compliance. 
 (e) No Going Concern Qualification. On the date of
such Loan or the issuance of such Letter of Credit hereunder, the opinion of the independent public accountants 

  
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(after giving effect to any reissuance or revision of such opinion) on the most recent audited consolidated financial statements delivered by Parent pursuant to Section 5.01(a) shall not
include a “going concern” qualification under GAAP as in effect on the date of this Agreement or, if there is a change in the relevant provisions of GAAP thereafter, any like qualification or exception under GAAP after giving effect to
such change. 
 The acceptance by the Borrower of each Extension of Credit hereunder shall be deemed to be a representation and warranty by the Borrower
that the conditions specified in this Section 4.02 have been satisfied at that time. 
 ARTICLE V 

AFFIRMATIVE COVENANTS 
 From the
date hereof and for so long as the Commitments remain in effect, any Letter of Credit remains outstanding (in a face amount in excess of the sum of (i) the amount of cash then held in the Letter of Credit Account and (ii) the face amount
of back-to-back letters of credit delivered pursuant to Section 2.02(j)), or the principal of, or interest on, any Loan or reimbursement of any LC Disbursement is
owing (or any other amount that is due and unpaid on the first date that none of the foregoing is in effect, outstanding or owing, respectively, is owing) to any Lender or the Administrative Agent hereunder: 

SECTION 5.01 Financial Statements, Reports, etc. The Borrower shall deliver to the Administrative Agent on behalf of the Lenders:

 (a) within ninety (90) days after the end of each fiscal year, Parent’s consolidated balance sheet and related statement of
income and cash flows, showing the financial condition of Parent and its Subsidiaries on a consolidated basis as of the close of such fiscal year and the results of their respective operations during such year, such consolidated financial statements
of Parent to be audited for Parent by independent public accountants of recognized national standing and to be accompanied by an opinion of such accountants (which opinion shall be unqualified as to scope of such audit) to the effect that such
consolidated financial statements fairly present in all material respects the financial condition and results of operations of Parent and its Subsidiaries on a consolidated basis in accordance with GAAP; provided that the foregoing delivery
requirement shall be satisfied if Parent shall have filed with the SEC its Annual Report on Form 10-K for such fiscal year, which is available to the public via EDGAR or any similar successor system; 

(b) within forty-five (45) days after the end of each of the first three fiscal quarters of each
fiscal year, Parent’s consolidated balance sheets and related statements of income and cash flows, showing the financial condition of Parent and its Subsidiaries on a consolidated basis as of the close of such fiscal quarter and the results of
their operations during such fiscal quarter and the then-elapsed portion of the fiscal year, each certified by a Responsible Officer of Parent as fairly presenting in all material respects the financial condition and results of operations of Parent
and its Subsidiaries on a consolidated basis in accordance with GAAP, subject to normal year-end audit adjustments and the absence of footnotes; provided that the foregoing delivery requirement shall be
satisfied if Parent shall have filed with the SEC its Quarterly Report on Form 10-Q for such fiscal quarter, which is available to the public via EDGAR or any similar successor system; 

  
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 (c) within the time period under Section 5.01(a), a certificate of a Responsible Officer of
the Borrower certifying that, to the knowledge of such Responsible Officer, no Event of Default has occurred and is continuing, or, if, to the knowledge of such Responsible Officer, such an Event of Default has occurred and is continuing, specifying
the nature and extent thereof and any corrective action taken or proposed to be taken with respect thereto; 
 (d) within the time period
under (a) and (b) of this Section 5.01, an Officer’s Certificate demonstrating in reasonable detail compliance with Section 6.08 as of the end of the preceding fiscal quarter; 

(e) promptly after the occurrence thereof, written notice of the termination of a Plan of the Borrower or an ERISA Affiliate pursuant to
Section 4042 of ERISA, to the extent such termination would constitute an Event of Default under Section 7.01(j); 
 (f) a
Collateral Coverage Ratio Certificate, as and when required under Section 6.09(a); 
 (g) so long as any Commitment, Loan or Letter of
Credit is outstanding, promptly after the Chief Financial Officer or the Treasurer of Parent becoming aware of the occurrence of a Default or an Event of Default that is continuing, an Officer’s Certificate specifying such Default or Event of
Default and what action Parent and its Subsidiaries are taking or propose to take with respect thereto; 
 (h) promptly after a Responsible
Officer of Parent or the Borrower obtains knowledge thereof, written notice of the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or affecting Parent or any Subsidiary that
would reasonably be expected to result in a Material Adverse Effect under clause (a) (with respect to any such action, suit or proceeding that is described by the Company or the Parent in a current report on Form
8-k filed with the SEC), (b) or (c) of the definition thereof; 
 (i) a Collateral Coverage
Ratio Certificate as and when required under Section 6.04(ii)(D); and 
 (j) reasonably promptly following a request, all documentation
and information reasonably requested by the Administrative Agent on behalf of a Lender, Agent or Issuing Lender solely to the extent such Lender, Agent or Issuing Lender is required to obtain such information pursuant to “know your
customer” and similar laws and regulations. 
 Any certificate to be delivered under this Section 5.01 may, at the Borrower’s
option, be combined with any other certificate to be delivered under this Section 5.01 within the same time period. 
 Subject to the
next succeeding sentence, information delivered pursuant to this Section 5.01 to the Administrative Agent may be made available by the Administrative Agent to 

  
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the Lenders by posting such information on the SyndTrak website on the Internet at http://www.syndtrak.com. Information required to be delivered pursuant to this Section 5.01 by the Borrower
(and solely in the case of Section 5.01(a) or (b) above to the extent not made available on EDGAR) shall be delivered pursuant to Section 10.01 or as set forth in the following sentence. Information required to be delivered
pursuant to this Section 5.01 (to the extent not made available as set forth above) shall be deemed to have been delivered to the Administrative Agent on the date on which the Borrower provides written notice to the Administrative Agent that
such information has been posted on the Borrower’s general commercial website on the Internet (to the extent such information has been posted or is available as described in such notice), as such website may be specified by the Borrower to the
Administrative Agent from time to time. Information required to be delivered pursuant to this Section 5.01 shall be in a format which is suitable for transmission. 

Any notice or other communication delivered pursuant to this Section 5.01, or otherwise pursuant to this Agreement, shall be deemed to
contain material non-public information unless (i) expressly marked by the Borrower or a Guarantor as “PUBLIC,” (ii) such notice or communication consists of copies of the Borrower’s public
filings with the SEC or (iii) such notice or communication has been posted on the Borrower’s general commercial website on the Internet, as such website may be specified by the Borrower to the Administrative Agent from time to time. 

SECTION 5.02 Taxes. Parent shall pay, and shall cause each of its Subsidiaries to pay, all material taxes, assessments and
governmental levies imposed or assessed on any of them or any of their assets before the same shall become more than 90 days delinquent, other than taxes, assessments and levies (i) being contested in good faith by appropriate proceedings
or (ii) the failure to effect such payment of which are not reasonably be expected to have, individually or collectively, a Material Adverse Effect on Parent. 

SECTION 5.03 Corporate Existence. Parent shall do or cause to be done all things reasonably necessary to preserve and keep in full
force and effect: 
 (1) its corporate existence, and the corporate, partnership or other existence of each of its Restricted
Subsidiaries, in accordance with the respective organizational documents (as the same may be amended from time to time) of Parent or any such Restricted Subsidiary; and 

(2) the rights (charter and statutory) and material franchises of Parent and its Restricted Subsidiaries; provided,
however, that Parent shall not be required to preserve any such right or franchise, or the corporate, partnership or other existence of it or any of its Restricted Subsidiaries, if a Responsible Officer of the Borrower or Parent shall, in
such officer’s reasonable judgment, determine that the preservation thereof is no longer desirable in the conduct of the business of Parent and its Subsidiaries, taken as a whole, and that the loss thereof would not, individually or in the
aggregate, have a Material Adverse Effect. 
 For the avoidance of doubt, this Section 5.03 shall not prohibit any actions permitted by
Section 6.10 or described in Section 6.10(b). 

  
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 SECTION 5.04 Compliance with Laws. Except for laws, rules, regulations and orders
applicable to Route Authorities, Slots and Gate Leaseholds (it being understood that Section 5.07 applies, to the extent set forth therein, to laws, rules, regulations and orders applicable to Route Authorities, Slots and Gate Leaseholds),
Parent shall comply, and cause each of its Restricted Subsidiaries to comply, with all applicable laws, rules, regulations and orders of any Governmental Authority applicable to it or its property, except where such noncompliance, individually or in
the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
 SECTION 5.05 Designation of Restricted
and Unrestricted Subsidiaries. 
 (a) Parent may designate any Restricted Subsidiary of it (other than the Borrower) to be an
Unrestricted Subsidiary if that designation would not cause a Default. If a Restricted Subsidiary is designated as an Unrestricted Subsidiary, the aggregate Fair Market Value of all outstanding Investments owned by Parent and its Restricted
Subsidiaries in the Subsidiary designated as an Unrestricted Subsidiary will be deemed to be an Investment made as of the time of the designation. That designation will be permitted only if the Investment would be permitted at that time under
Section 6.01 and if the Restricted Subsidiary otherwise meets the definition of an “Unrestricted Subsidiary.” Parent may redesignate any Unrestricted Subsidiary to be a Restricted Subsidiary if that redesignation would not cause a
Default. 
 (b) Parent may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary of Parent; provided that
such designation will be permitted only if no Default or Event of Default would be in existence following such designation. 
 (c) In
connection with the designation of an Unrestricted Subsidiary as provided in Section 5.05(a), (x) such designated Unrestricted Subsidiary shall be released from its Guarantee of the Obligations and (y) any Liens on such designated
Unrestricted Subsidiary and any of the Collateral of such designated Unrestricted Subsidiary shall be released. 
 SECTION 5.06
Delivery of Appraisals. 
 (1) A single time during each calendar year, commencing in 2017, with respect to each
category of Collateral; and 
 (2) within the 45-day period following a request by
the Administrative Agent if an Event of Default has occurred and is continuing, 
 the Borrower will deliver to the Administrative Agent one Appraisal
establishing the Appraised Value of such Collateral (other than any cash or Cash Equivalents in the Collateral). 
 For the avoidance of
doubt, the Appraised Value of any Qualified Replacement Assets or Additional Collateral (other than any cash or Cash Equivalents) pledged by the Borrower or another Grantor that has not previously been included in an Appraisal shall be deemed to be
zero until an Appraisal of such Qualified Replacement Assets or Additional Collateral has been delivered to the Administrative Agent. 

  
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 Subject to the next succeeding sentence, the Borrower shall deliver the Appraisals described
above to the Administrative Agent and the Administrative Agent shall make such Appraisals available to the Lenders by posting such information on the confidential, non-public portion of the SyndTrak website on
the Internet at http://www.syndtrak.com. Information required to be delivered pursuant to this Section 5.06 by the Borrower shall be delivered pursuant to Section 10.01 and shall be deemed to contain material
non-public information. 
 SECTION 5.07 Regulatory Matters; Utilization; Reporting. 

(a) The Borrower will: 

(1) maintain at all times its status as an “air carrier” within the meaning of Section 40102(a)(2) of
Title 49 and hold or co-hold a certificate under Section 41102(a)(1) of Title 49; 

(2) maintain at all times its status at the FAA as an “air carrier” and hold or
co-hold an air carrier operating certificate under Section 44705 of Title 49 and operations specifications issued by the FAA pursuant to Parts 119 and 121 of Title 14; 

(3) possess and maintain all certificates, exemptions, licenses, permits, designations, authorizations, frequencies and
consents required by the FAA, the DOT or any applicable Foreign Aviation Authority or Airport Authority or any other Governmental Authority that are material to the operation of the Pledged Route Authorities and Pledged Slots operated by it, and to
the conduct of its business and operations as currently conducted, in each case, to the extent necessary for the Borrower’s operation of any related Scheduled Services, except to the extent that any failure to possess or maintain would not
reasonably be expected to result in a Material Adverse Effect; 
 (4) with respect to any Foreign Route Slots included as
Collateral, maintain Pledged Foreign Gate Leaseholds sufficient to ensure its ability to operate any related Scheduled Services and to preserve its right in and to such Pledged Slots, except to the extent that any failure to maintain would not
reasonably be expected to result in a Material Adverse Effect; 
 (5) utilize its Pledged Slots in a manner consistent with
applicable regulations, rules, foreign law and contracts in order to preserve its right to hold and use its Pledged Slots, taking into account any waivers or other relief granted to it by the FAA, the DOT, any Foreign Aviation Authority or any
Airport Authority, except to the extent that any failure to utilize would not reasonably be expected to result in a Material Adverse Effect; 

(6) cause to be done all things reasonably necessary to preserve and keep in full force and effect its rights in and to use its
Pledged Slots, including, without limitation, satisfying any applicable Use or Lose Rule, except to the extent that any failure to do so would not reasonably be expected to result in a Material Adverse Effect; 

(7) to the extent any FAA Route Slots or Foreign Route Slots are included as Collateral, utilize any related Pledged Route
Authorities in a manner consistent with 

  
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Title 49, applicable foreign law, the applicable rules and regulations of the FAA, the DOT and any applicable Foreign Aviation Authorities, and any applicable treaty in order to preserve its
rights to operate any related Scheduled Services, except to the extent that any failure to utilize would not reasonably be expected to result in a Material Adverse Effect; and 

(8) to the extent any FAA Route Slots or Foreign Route Slots are included as Collateral, cause to be done all things reasonably
necessary to preserve and keep in full force and effect its authority to operate any related Scheduled Services, except to the extent that any failure to do so would not reasonably be expected to result in a Material Adverse Effect. 

(b) Without in any way limiting Section 5.07(a), to the extent any FAA Route Slots or Foreign Route Slots are included as Collateral,
(i) the Borrower will promptly take all such steps as may be necessary to obtain renewal of any related Pledged Route Authorities from the DOT and any applicable Foreign Aviation Authorities, in each case to the extent necessary to operate any
related Scheduled Services, within a reasonable time prior to the expiration of such authority (as prescribed by law or regulation, if any), and promptly notify the Administrative Agent if it has been informed that such authority will not be
renewed, except to the extent that any failure to take such steps would not reasonably be expected to result in a Material Adverse Effect and (ii) the Borrower will pay any applicable filing fees and other expenses related to the submission of
applications, renewal requests, and other filings as may be reasonably necessary to maintain or obtain its rights in any related Pledged Route Authorities and have access to any related Pledged Foreign Gate Leaseholds in each case to the extent
necessary to operate any related Scheduled Services. 
 Notwithstanding any provision of this Section 5.07 or anything else in this
Agreement or any other Loan Document to the contrary, (x) for the avoidance of doubt, any Disposition of Collateral permitted by Section 6.04 shall be permitted by the provisions described above, and nothing herein shall prohibit the
Borrower or any Grantor from reducing the frequency of flight operations over any Scheduled Service or other scheduled service or suspending or cancelling any Scheduled Service or other scheduled service, (y) nothing shall restrict or prohibit
or require the Borrower or any other Grantor to contest any retiming or other adjustment of the time or time period for landing or takeoff or any adjustment with respect to terminal access or seating capacity, in each case with respect to any
Pledged Slot (whether accomplished by modification, substitution or exchange) for which no consideration is received by the Borrower or any of its Affiliates; provided that any other Slot received by the Borrower or any of its Affiliates in
connection with any such retiming or other adjustment of the time or time period for landing or takeoff with respect to any Pledged Slot shall not constitute consideration and (z) neither the Borrower nor any other Grantor shall have any
obligation to contest the application of, challenge the interpretation of, or take or refrain from taking any action to influence the enactment or the implementation of any legislation, regulation, policy or other action of the FAA, the DOT, any
applicable Foreign Aviation Authority, Airport Authority or any other Governmental Authority that affects the existence, availability or value of properties or rights of the same type as Route Authorities, Slots or Gate Leaseholds to air carriers
generally (and not solely to the Borrower or solely to any other applicable Grantor), including any such legislation, regulation, policy or action relating to the applicability of Foreign Slots or FAA Slots to flight operations at any airport. 

  
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 SECTION 5.08 Maintenance of Ratings. The Borrower will use commercially reasonable
efforts to maintain a rating of the Facilities by each of S&P and Moody’s after such ratings are obtained (but not to obtain or maintain a specific rating). 

SECTION 5.09 Additional Guarantors; Additional Collateral. 

(a) If (x) Parent or any of its Restricted Subsidiaries acquires or creates another Domestic Subsidiary after the Closing Date or
(y) Parent, in its sole discretion, elects to cause a Domestic Subsidiary that is not a Guarantor to become a Guarantor, then Parent will promptly cause such Domestic Subsidiary to become a party to the Guaranty by executing an Instrument of
Assumption and Joinder substantially in the form attached hereto as Exhibit E; provided, that any Domestic Subsidiary that constitutes an Immaterial Subsidiary, a Receivables Subsidiary or an Excluded Subsidiary need not become a
Guarantor unless and until 30 Business Days after such time as it ceases to be (and is no longer any of) an Immaterial Subsidiary, a Receivables Subsidiary or an Excluded Subsidiary or such time as it guarantees, or pledges any property or
assets to secure, any other Obligations. 
 (b) If any Domestic Subsidiary that constitutes an Immaterial Subsidiary, a Receivables
Subsidiary or an Excluded Subsidiary on the Closing Date ceases to be (and is no longer any of) an Immaterial Subsidiary, a Receivables Subsidiary or an Excluded Subsidiary or at such time as it guarantees, or pledges any property or assets to
secure, any Obligations hereunder, then Parent will promptly cause such Domestic Subsidiary to become a party to the Guaranty by executing an Instrument of Assumption and Joinder substantially in the form attached hereto as Exhibit E within
30 Business Days after such time as it ceases to be (and is no longer any of ) an Immaterial Subsidiary, a Receivables Subsidiary or an Excluded Subsidiary or such time as it guarantees, or pledges any property or assets to secure, any other
Obligations. 
 (c) Notwithstanding the provisions in Section 5.09(a) and 5.09(b), no Regional Airline shall be required to become a
Guarantor hereunder at any time, provided however that a Regional Airline may become a Guarantor at the sole discretion of the Borrower. 

(d) At any time, with prior written notice to the Administrative Agent and the Collateral Agent, the Borrower may, and may cause any other
Guarantor to, at its sole discretion, pledge assets as Additional Collateral. 
 SECTION 5.10 Inspection; Access to Books and
Records. 
 (a) The Borrower and the Guarantors will make and keep books, records and accounts in which full, true and correct entries
in conformity with GAAP are made of all financial dealings and transactions in relation to its business and activities, including, without limitation, an accurate and fair reflection of the transactions and dispositions of the assets of the Borrower
and the Guarantors. 
 (b) The Borrower and the Guarantors will permit, to the extent not prohibited by applicable law or contractual
obligations, any representatives designated by the 

  
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Administrative Agent or any Governmental Authority that is authorized to supervise or regulate the operations of a Lender, as designated by such Lender, upon reasonable prior written notice and,
so long as no Event of Default has occurred and is continuing, at no out-of-pocket cost to the Borrower and the Guarantors, to (x) visit and inspect the properties
of each of the Borrower and the Guarantors, (y) examine its books and records, and (z) to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times during normal business hours
and as often as reasonably requested (it being understood that a representative of the Borrower will be present) subject to any restrictions in any applicable Collateral Document; provided that if an Event of Default has occurred and is
continuing, the Borrower and the Guarantors shall be responsible for the reasonable costs and expenses of any visits of the Administrative Agent and the Lenders, acting together (but not separately); provided, further that with respect
to Collateral and matters relating thereto, the rights of Administrative Agent and the Lenders under this Section 5.10 shall be limited to the following: upon the request of the Administrative Agent, the applicable Grantor will permit the
Administrative Agent or any of its agents or representatives, at reasonable times and intervals upon reasonable prior notice, to (x) visit during normal business hours its offices, sites and properties and (y) inspect any documents
relating to (i) the existence of such Collateral, (ii) with respect to Collateral other than Pledged Route Authorities, Pledged Slots and Pledged Gate Leaseholds, the condition of such Collateral, and (iii) the validity, perfection
and priority of the Liens on such Collateral, and to discuss such matters with its officers, except to the extent the disclosure of any such document or any such discussion shall result in the applicable Grantor’s violation of its contractual
or legal obligations. All confidential or proprietary information obtained in connection with any such visit, inspection or discussion shall be held confidential by the Administrative Agent and each agent or representative thereof and shall not be
furnished or disclosed by any of them to anyone other than their respective bank examiners, auditors, accountants, agents and legal counsel, and except as may be required by an order of any court or administrative agency or by any statute, rule,
regulation or order of any Governmental Authority. 
 SECTION 5.11 Further Assurances. 

(a) With respect to Pledged Route Authorities, Pledged Slots and Pledged Gate Leaseholds, upon the reasonable request of the Collateral Agent,
the Borrower or the applicable Grantor shall take, or cause to be taken, such actions with respect to the due and timely recording, filing, re-recording and refiling of any financing statements and any
continuation statements under the UCC as are necessary to maintain, so long as such Slot Security Agreement or other applicable Collateral Document is in effect, the perfection of the security interests created by such Slot Security Agreement or
such Collateral Document, as applicable, in such Pledged Route Authorities, Pledged Slots and Pledged Gate Leaseholds, subject, in each case, to Permitted Liens, or at the reasonable request of the Collateral Agent will furnish the Collateral Agent,
together with such financing statements and continuation statements, as may be required to enable the Collateral Agent to take such action; 

(b) With respect to Collateral constituting aircraft or spare engines, the Aircraft Security Agreement or Spare Engine Security Agreement, as
applicable, will provide that the Borrower or the applicable Grantor shall take, or cause to be taken, upon the reasonable request of the Collateral Agent, such actions with respect to the due and timely recording, filing, re-recording and refiling of such Aircraft Security Agreement or Spare Engine Security 

  
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Agreement, as applicable, and any financing statements and any continuation statements or other instruments as are necessary to maintain, so long as such Aircraft Security Agreement or Spare
Engine Security Agreement, as applicable, is in effect, the perfection of the security interests created by such Aircraft Security Agreement or Spare Engine Security Agreement, as applicable, in such aircraft or spare engines, subject in each case,
to Permitted Liens, or at the reasonable request of the trustee appointed pursuant to Section 8.01(d) will furnish such trustee with such instruments, in execution form, and such other information, as may be required to enable such trustee to
take such action; 
 (c) With respect to Pledged Spare Parts located at Spare Parts Locations, the Spare Parts Security Agreement will
provide that the Borrower or the applicable Grantor shall take, or cause to be taken, upon the reasonable request of the Collateral Agent, such actions with respect to the due and timely recording, filing,
re-recording and refiling of such Spare Parts Security Agreement and any financing statements and any continuation statements or other instruments as are necessary to maintain, so long as such Spare Parts
Security Agreement is in effect, the perfection of the security interests created by such Spare Parts Security Agreement in such Pledged Spare Parts located at such Spare Parts Locations, subject to Permitted Liens; 

(d) With respect to Collateral constituting Real Property Assets, each of the applicable Collateral Documents relating to such Collateral will
provide that the Borrower or the applicable Grantor shall provide, or cause to be provided to the Collateral Agent each document (including title policies or marked-up unconditional insurance binders (in each
case, together with copies of all exception documents referred to therein), maps, ALTA (or TLTA, if applicable) as-built surveys (in form and as to date that is sufficiently acceptable to the title insurer
issuing title insurance to the Administrative Agent for such title insurer to deliver endorsements to such title insurance as reasonably requested by the Administrative Agent), flood certifications and flood insurance (if applicable) reports and
evidence regarding recording and payment of fees, insurance premium and taxes) and FIRREA compliant appraisals (to the extent the Administrative Agent determines such appraisals are legally required and which the Administrative Agent will use
commercially reasonable efforts to obtain), in each case, that the Administrative Agent may reasonably request, to create, register, perfect, maintain, evidence the existence, substance, form or validity of or enforce a valid lien on such parcel of
or leasehold interest in real property subject only to Permitted Liens; 
 (e) With respect to Collateral other than Pledged Route
Authorities, Pledged Slots, Pledged Gate Leaseholds, Route Authorities and Gate Leaseholds, Spare Parts, aircraft or spare engines, each of the applicable Collateral Documents relating to such Collateral will provide that the Borrower or the
applicable Grantor shall take, or cause to be taken, upon the reasonable request of the Collateral Agent, such commercially reasonable actions as are necessary to maintain, so long as such Collateral Document is in effect, the perfection of the
security interests created by such Collateral Document in such Collateral, subject, in each case, to Permitted Liens, or at the reasonable request of the Collateral Agent, will furnish the Collateral Agent with such instruments, in execution form,
and such other information, as may be required to enable the Collateral Agent to take such action. 

  
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 ARTICLE VI 

NEGATIVE AND FINANCIAL COVENANTS 

From the date hereof and for so long as the Commitments remain in effect, any Letter of Credit remains outstanding (in a face amount in excess
of the sum of (i) the amount of cash then held in the Letter of Credit Account and (ii) the face amount of back-to-back letters of credit delivered pursuant to
Section 2.02(j)) or principal of or interest on any Loan or reimbursement of any LC Disbursement is owing (or any other amount that is due and unpaid on the first date that none of the foregoing is in effect, outstanding or owing, respectively,
is owing) to any Lender or the Administrative Agent hereunder: 
 SECTION 6.01 Restricted Payments. 

(a) Parent will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly: 

(i) declare or pay any dividend or make any other payment or distribution on account of Parent’s or any of its Restricted
Subsidiaries’ Equity Interests (including, without limitation, any payment in connection with any merger or consolidation involving Parent or any of its Restricted Subsidiaries) or to the direct or indirect holders of Parent’s or any of
its Restricted Subsidiaries’ Equity Interests in their capacity as such (other than (A) dividends, distributions or payments payable in Qualifying Equity Interests or in the case of preferred stock of Parent, an increase in the liquidation
value thereof and (B) dividends, distributions or payments payable to Parent or a Restricted Subsidiary of Parent); 

(ii) purchase, redeem or otherwise acquire or retire for value any Equity Interests of Parent; 

(iii) make any payment on or with respect to, or purchase, redeem, defease or otherwise acquire or retire for value
(collectively for purposes of this clause (iii), a “purchase”) any Indebtedness of the Borrower or any Guarantor that is contractually subordinated in right of payment to the Loans (excluding any intercompany Indebtedness
between or among Parent and any of its Restricted Subsidiaries), except any scheduled payment of interest and any purchase within two years of the Stated Maturity thereof; or 

(iv) make any Restricted Investment (all such payments and other actions set forth in these clauses (i) through
(iv) above being collectively referred to as “Restricted Payments”), 
 unless, at the time of and after giving effect to such
Restricted Payment: 
 (x) (A) no Default or Event of Default is continuing as of such date and (B) Liquidity as at such time (after
(1) excluding from the calculation thereof an amount equal to 75% of the aggregate committed principal amount under all revolving credit facilities (whether drawn or undrawn) of the Parent and its Restricted Subsidiaries as of such date and
(2) giving pro forma effect to any Restricted Payment to be made on such date) is at least equal to $4,000,000,000, or 

  
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 (y) the aggregate amount of all Restricted Payments made by Parent and its Restricted Subsidiaries since the
Closing Date and together with such Restricted Investments outstanding at the time of giving effect to such Restricted Payment (excluding, in each case, Restricted Payments permitted by clauses (2) through (22) of Section 6.01(b)), is
less than the greater of (i) $0 and (ii) the sum, without duplication, of: 
 (A) 50% of the Consolidated Net
Income of Parent for the period (taken as one accounting period) from June 30, 2013 to the end of Parent’s most recently ended fiscal quarter for which internal financial statements are available at the time of such Restricted Payment (or,
if such Consolidated Net Income for such period is a deficit, less 100% of such deficit); plus 50% of the Consolidated Net Income (as such term is defined in the US Airways Indenture) of US Airways for the period (taken as one accounting period)
from October 1, 2011 to December 9, 2013 (or, if such Consolidated Net Income (as such term is defined in the US Airways Indenture) for such period is a deficit, less 100% of such deficit); plus 

(B) 100% of the aggregate net cash proceeds and the Fair Market Value of non-cash
consideration received by Parent since the Closing Date as a contribution to its common equity capital or from the issue or sale of Qualifying Equity Interests (other than Qualifying Equity Interests sold to a Subsidiary of Parent and excluding
Excluded Contributions and other than proceeds from any Permitted Warrant Transaction); plus 
 (C) (x) 100% of the aggregate
net cash proceeds and the Fair Market Value of non-cash consideration received by Parent or a Restricted Subsidiary of Parent from the issue or sale of convertible or exchangeable Disqualified Stock of Parent
or a Restricted Subsidiary of Parent or convertible or exchangeable debt securities of Parent or a Restricted Subsidiary of Parent (regardless of when issued or sold) or in connection with the conversion or exchange thereof, in each case that have
been converted into or exchanged since the Closing Date for Qualifying Equity Interests (other than Qualifying Equity Interests and convertible or exchangeable Disqualified Stock or debt securities sold to a Subsidiary of Parent)); plus (y) 100% of
the aggregate net cash proceeds and the Fair Market Value (as such term is defined in the US Airways Indenture) of non-cash consideration received by US Airways or a Restricted Subsidiary (as such term is
defined in the US Airways Indenture) of US Airways from the issue or sale of convertible or exchangeable Disqualified Stock (as such term is defined in the US Airways Indenture) of US Airways or a Restricted Subsidiary (as such term is defined in
the US Airways Indenture) of US Airways or convertible or exchangeable debt securities of US Airways or a Restricted Subsidiary (as such term is defined in the US Airways Indenture) of US Airways (regardless of when issued or sold) or in connection
with the conversion or exchange thereof, in each case that have been converted into or exchanged since the US Airways Closing Date for Qualifying Equity Interests (as such term is defined in the US Airways Indenture) (other than Qualifying Equity
Interests (as such term is defined in the US Airways Indenture) and convertible or exchangeable Disqualified Stock (as such term is defined in the US Airways Indenture) or debt securities sold to a Subsidiary of US Airways); plus 

  
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 (D) to the extent that any Restricted Investment that was made after the Closing
Date is (i) sold for cash or otherwise cancelled, liquidated or repaid for cash or (ii) made in an entity that subsequently becomes a Restricted Subsidiary of Parent, the initial amount of such Restricted Investment (or, if less, the
amount of cash received upon repayment or sale); plus 
 (E) to the extent that any Unrestricted Subsidiary (other than any
Unrestricted Subsidiary to the extent the Investment in such Unrestricted Subsidiary constituted a Permitted Investment) of Parent designated as such after the Closing Date is redesignated as a Restricted Subsidiary after the Closing Date, the
greater of (i) the Fair Market Value of Parent’s Restricted Investment in such Subsidiary as of the date of such redesignation and (ii) such Fair Market Value as of the date on which such Subsidiary was originally designated as an
Unrestricted Subsidiary after the Closing Date; plus 
 (F) 100% of any dividends received in cash by Parent or a Restricted
Subsidiary of Parent after the Closing Date from an Unrestricted Subsidiary (other than any Unrestricted Subsidiary to the extent the Investment in such Unrestricted Subsidiary constituted a Permitted Investment) of Parent, to the extent that such
dividends were not otherwise included in the Consolidated Net Income of Parent for such period. 
 (b) The provisions of
Section 6.01(a) will not prohibit: 
 (1) the payment of any dividend or distribution or the consummation of any
irrevocable redemption within 60 days after the date of declaration of the dividend or distribution or giving of the redemption notice, as the case may be, if at the date of declaration or notice, the dividend or distribution or redemption
payment would have complied with the provisions of this Agreement; 
 (2) the making of any Restricted Payment in exchange
for, or out of or with the net cash proceeds of the substantially concurrent sale (other than to a Subsidiary of Parent) of, Qualifying Equity Interests or from the substantially concurrent contribution of common equity capital to Parent;
provided that the amount of any such net cash proceeds that are utilized for any such Restricted Payment will not be considered to be net proceeds of Qualifying Equity Interests for purposes of clause (a)(y)(ii)(B) of Section 6.01
and will not be considered to be Excluded Contributions; 
 (3) the payment of any dividend (or, in the case of any
partnership or limited liability company, any similar distribution), distribution or payment by a Restricted Subsidiary of Parent to the holders of its Equity Interests on a pro rata basis; 

(4) the repurchase, redemption, defeasance or other acquisition or retirement for value of Indebtedness of the Borrower or any
Guarantor that is contractually subordinated in right of payment to the Loans with the net cash proceeds from an incurrence of Permitted Refinancing Indebtedness; 

  
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 (5) the repurchase, redemption, acquisition or retirement for value of any Equity
Interests of Parent or any Restricted Subsidiary of Parent held by any current or former officer, director, consultant or employee (or their estates or beneficiaries of their estates) of Parent or any of its Restricted Subsidiaries pursuant to any
management equity or compensation plan or equity subscription agreement, stock option agreement, shareholders’ agreement or similar agreement; provided that the aggregate price paid for all such repurchased, redeemed, acquired or retired
Equity Interests may not exceed $60,000,000 in any 12-month period (except to the extent such repurchase, redemption, acquisition or retirement is in connection with (x) the acquisition of a Permitted
Business or merger, consolidation or amalgamation otherwise permitted by this Agreement and in such case the aggregate price paid by Parent and its Restricted Subsidiaries may not exceed $150,000,000 in connection with such acquisition of a
Permitted Business or merger, consolidation or amalgamation); provided, further, that Parent or any of its Restricted Subsidiaries may carry over and make in subsequent 12-month periods, in
addition to the amounts permitted for such 12-month period, up to $30,000,000 of unutilized capacity under this clause (5) attributable to the immediately preceding
12-month period; 
 (6) the repurchase of Equity Interests or other securities deemed
to occur upon (A) the exercise of stock options, warrants or other securities convertible or exchangeable into Equity Interests or any other securities, to the extent such Equity Interests or other securities represent a portion of the exercise
price of those stock options, warrants or other securities convertible or exchangeable into Equity Interests or any other securities or (B) the withholding of a portion of Equity Interests issued to employees and other participants under an
equity compensation program of Parent or its Subsidiaries to cover withholding tax obligations of such persons in respect of such issuance; 

(7) so long as no Default or Event of Default has occurred and is continuing, the declaration and payment of regularly
scheduled or accrued dividends, distributions or payments to holders of any class or series of Disqualified Stock or subordinated debt of Parent or any preferred stock of any Restricted Subsidiary of Parent; 

(8) payments of cash, dividends, distributions, advances, common stock or other Restricted Payments by Parent or any of its
Restricted Subsidiaries to allow the payment of cash in lieu of the issuance of fractional shares; 
 (9) the declaration and
payment of dividends to holders of any class or series of Disqualified Stock of Parent or any Disqualified Stock or preferred stock of any Restricted Subsidiary of Parent to the extent such dividends are included in the definition of “Fixed
Charges” for such Person; 
 (10) Restricted Payments made with Excluded Contributions; 

(11) the distribution, as a dividend or otherwise, of shares of Capital Stock of, or Indebtedness owed to Parent or any of its
Restricted Subsidiaries by, any Unrestricted Subsidiary; 

  
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 (12) any Restricted Payment in connection with any full or partial “spin-off” of a Subsidiary or similar transactions; provided that no Default or Event of Default has occurred and is continuing; provided, further, that the assets distributed
or dividended do not include, directly or indirectly, any property or asset that constitutes Collateral; 
 (13) the
distribution or dividend of assets or Capital Stock of any Person in connection with any full or partial “spin-off” of a Subsidiary or similar transactions having an aggregate Fair Market Value not
to exceed $600,000,000 since the Closing Date; provided that the assets distributed or dividended do not include, directly or indirectly, any property or asset that constitutes Collateral; 

(14) so long as no Default or Event of Default has occurred and is continuing, any (x) Restricted Payment (other than a
Restricted Investment) made on or after the Closing Date and (y) Restricted Investments outstanding at any such time, in an aggregate amount not to exceed $900,000,000, such aggregate amount to be calculated from the Closing Date; 

(15) the payment of any amounts in respect of any restricted stock units or other instruments or rights whose value is based in
whole or in part on the value of any Equity Interests issued to any directors, officers or employees of Parent or any Restricted Subsidiary of Parent; 

(16) the making of cash payments in connection with any conversion of Convertible Indebtedness in an aggregate amount since the
Closing Date not to exceed the sum of (a) the principal amount of such Convertible Indebtedness plus (b) any payments received by Parent or any of its Restricted Subsidiaries pursuant to the exercise, settlement or termination of any
related Permitted Bond Hedge Transaction; 
 (17) (a) any payments in connection with a Permitted Bond Hedge Transaction
and (b) the settlement of any related Permitted Warrant Transaction (i) by delivery of shares of Parent’s common stock upon settlement thereof or (ii) by (A) set-off against the
related Permitted Bond Hedge Transaction or (B) payment of an early termination amount thereof upon any early termination thereof in common stock or, in the case of a nationalization, insolvency, merger event (as a result of which holders of
such common stock are entitled to receive cash or other consideration for their shares of such common stock) or similar transaction with respect to Parent or such common stock, cash and/or other property; 

(18) [Reserved]; 

(19) so long as no Default or Event of Default has occurred and is continuing, Restricted Payments (i) made to purchase or
redeem Equity Interests of Parent or (ii) consisting of payments in respect of any Indebtedness (whether for purchase or prepayment thereof or otherwise); 

(20) payment of dividends in respect of Parent’s Capital Stock in each fiscal year in an amount up to 50% of Excess Cash
Flow for the immediately preceding fiscal year, so long as, both immediately before and after giving effect to such payment, (A) no 

  
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Default or Event of Default has occurred and is continuing at the time of and immediately after giving effect to the payment of such dividends, and (B) the Borrower is in pro forma
compliance with the financial covenants in Section 6.09 at such times; 
 (21) Restricted Payments with assets or
properties that (i) do not consist of Collateral or Capital Stock of Parent or any of its Restricted Subsidiaries and (ii) have an aggregate Fair Market Value as of the date each such Restricted Payment is made (without giving effect to
subsequent changes in value), when taken together with all other (x) Restricted Payments (other than Investments) and (y) Restricted Investments that remain outstanding, in each case, made pursuant to this clause (21), do not exceed
5.0% of the Consolidated Tangible Assets of Parent and its Restricted Subsidiaries; and 
 (22) any repurchase of Receivables
and/or related assets pursuant to a Receivables Repurchase Obligation. 
 In the case of any Restricted Payment that is not cash, the amount
of such non-cash Restricted Payment will be the Fair Market Value on the date of the Restricted Payment of the asset(s) or securities proposed to be transferred or issued by Parent or such Restricted
Subsidiary of Parent, as the case may be, pursuant to the Restricted Payment. The Fair Market Value of any assets or securities that are required to be valued by this Section 6.01 will be determined by a Responsible Officer of the Borrower and,
if greater than $10,000,000, set forth in an Officer’s Certificate delivered to the Administrative Agent. 
 For purposes of
determining compliance with this Section 6.01, if a proposed Restricted Payment (or portion thereof) meets the criteria of more than one of the categories of Restricted Payments described in clauses (1) through (22) of subparagraph
(b) of this Section 6.01, or is entitled to be made pursuant to subparagraph (a) of this Section 6.01, Parent will be entitled to classify on the date of its payment or later reclassify such Restricted Payment (or portion
thereof) in any manner that complies with this Section 6.01. 
 For the avoidance of doubt, the payment on or with respect to, or
purchase, redemption, defeasance or other acquisition or retirement for value of any Indebtedness (including any Convertible Indebtedness) of Parent or any Restricted Subsidiary of Parent that is not contractually subordinated in right of payment to
the Obligations shall not constitute Restricted Payment and therefore will not be subject to any of the restrictions described in this Section 6.01. 

Notwithstanding anything in this Agreement or any other Loan Document to the contrary, if a Restricted Payment is made (or any other action is
taken or omitted under this Agreement or any other Loan Document) at a time when a Default or Event of Default has occurred and is continuing and such Default or Event of Default is subsequently cured, any Default or Event of Default arising from
the making of such Restricted Payment (or the taking or omission of such other action) during the existence of such Default or Event of Default shall simultaneously be deemed cured. 

  
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 SECTION 6.02 Restrictions on Ability of Restricted Subsidiaries to Pay Dividends and Make
Certain Other Payments. 
 (a) Parent will not, and will not permit any of its Restricted Subsidiaries other than the Borrower to,
directly or indirectly, create or permit to exist or become effective any consensual encumbrance or restriction on the ability of any such Restricted Subsidiary to: 

(1) pay dividends or make any other distributions on its Capital Stock to Parent or any of its Restricted Subsidiaries or with
respect to any other interest or participation in the profits of such Restricted Subsidiary, or measured by the profits of such Restricted Subsidiary; 

(2) pay any Indebtedness owed to Parent or any of its Restricted Subsidiaries; 

(3) make loans or advances to Parent or any of its Restricted Subsidiaries; or 

(4) sell, lease or transfer any of its properties or assets to Parent or any of its Restricted Subsidiaries. 

(b) The restrictions in Section 6.02(a) will not apply to encumbrances or restrictions existing under or by reason of: 

(1) agreements (A) governing Existing Indebtedness, Credit Facilities and any other obligations, in each case as in effect
on (or required by agreements in effect on) the Closing Date or (B) in effect on the Closing Date; 
 (2) this Agreement
and the Collateral Documents, including any Intercreditor Agreement and any Other Intercreditor Agreement; 
 (3) agreements
governing other Indebtedness or shares of preferred stock; provided, that if such Restricted Subsidiary incurring or issuing such Indebtedness or shares of preferred stock is not a Guarantor, the restrictions therein are either (in each case,
as determined in good faith by a senior financial officer of Parent or the Borrower) (A) not materially more restrictive, taken as a whole, than those contained in this Agreement or (B)(i) customary for instruments of such type and
(ii) will not materially adversely impact the ability of the Borrower to make required principal and interest payments on the Loans or any reimbursement obligation with respect to LC Disbursements; 

(4) applicable law, rule, regulation or order; 

(5) any instrument governing Indebtedness or Capital Stock of a Person acquired by Parent or any of its Restricted Subsidiaries
(including by way of merger, consolidation or amalgamation of Parent or any of its Restricted Subsidiaries) as in effect at the time of such acquisition (except to the extent such Indebtedness or Capital Stock was incurred in connection with or in
contemplation of such acquisition), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired; 

  
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 (6) customary provisions in contracts, licenses, leases and asset sale agreements
entered into in the Ordinary Course of Business; 
 (7) purchase money obligations for property acquired in the Ordinary
Course of Business and Capital Lease Obligations that impose restrictions on the property (or proceeds thereof) purchased or leased of the nature described in clause (4) of Section 6.02(a); 

(8) any contract or agreement for the sale or other disposition of a Restricted Subsidiary that restricts distributions, asset
sales or loans by that Restricted Subsidiary pending its sale or other disposition; 
 (9) Permitted Refinancing
Indebtedness; provided that such amendment, modification, restatement, renewal, extension, increase, supplement, refunding, replacement or refinancing is, in the good faith judgment of a senior financial officer of the Borrower, taken
together as a whole, not materially more restrictive with respect to such dividend and other payment restrictions than those contained in (A) the dividend or other payment restrictions prior to such amendment, modification, restatement,
renewal, extension, increase, supplement, refunding, replacement or refinancing or (B) this Agreement; 
 (10) Permitted
Liens and Liens that limit the right of the debtor to dispose of the assets subject to such Liens; 
 (11) provisions
limiting the disposition or distribution of assets or property or loans or advances in joint venture agreements, asset sale agreements, sale-leaseback and other lease agreements, stock sale agreements and
other similar agreements (including agreements entered into in connection with any Investment), which limitation is applicable only to the assets or the joint venture entity, as applicable, that are the subject of such agreements or otherwise in the
Ordinary Course of Business; 
 (12) restrictions on cash or other deposits or net worth imposed by customers under contracts
entered into in the Ordinary Course of Business; 
 (13) any instrument or agreement entered into in connection with (or in
anticipation of) any full or partial “spin-off” or similar transactions; 

(14) any encumbrance or restriction of the type referred to in clauses (1), (2), (3) and (4) of Section 6.02(a)
imposed by any amendments, modifications, restatements, renewals, extensions, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses (1) through (13) of this
Section 6.02(b); provided that such amendment, modification, restatement, renewal, extension, increase, supplement, refunding, replacement or refinancing is, in the good faith judgment of a senior financial officer of the Borrower, taken
together as a whole, not materially more restrictive with respect to such dividend and other payment restrictions than those contained in (A) the dividend or other payment restrictions prior to such amendment, modification, restatement,
renewal, extension, increase, supplement, refunding, replacement or refinancing or (B) this Agreement; and 
 (15) any
encumbrance or restriction existing under or by reason of Indebtedness or other contractual requirements of a Receivables Subsidiary or any Standard Securitization Undertaking, in each case, in connection with a Qualified Receivables Transaction;
provided that such restrictions apply only to such Receivables Subsidiary. 

  
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 SECTION 6.03 [Reserved]. 

SECTION 6.04 Disposition of Collateral. Neither the Borrower nor any Grantor shall Dispose of any Collateral (including, without
limitation, by way of any Sale of a Grantor) except that any Disposition shall be permitted (i) in the case of a Permitted Disposition or (ii) in the case of any Disposition of Collateral that is not a Permitted Disposition;
provided that in the case of any Disposition of Collateral that is not a Permitted Disposition (A) upon consummation of any such Disposition, no Event of Default shall have occurred and be continuing, (B) either (I) there is no
Collateral Coverage Ratio Failure after giving effect to such Disposition (including any deposit of any Net Proceeds received upon consummation thereof in the Collateral Proceeds Account subject to an Account Control Agreement) and there is no Core
Collateral Failure after giving effect to such Disposition; (II) the Borrower shall (1) grant (or cause another Grantor to grant) a security interest in Additional Collateral and/or (2) prepay or cause to be prepaid the Loans and (if
required by its terms) any Pari Passu Senior Secured Debt (on a ratable basis with the Loans) such that following such actions in clauses (1) and/or (2) above, (x) the Collateral Coverage Ratio, recalculated by adding the Appraised Value
of any such Additional Collateral and any such Net Proceeds in clause (i) of the definition of Collateral Coverage Ratio and subtracting any such prepaid Loans and prepaid Pari Passu Senior Secured Debt from clause (ii) of the definition
of Collateral Coverage Ratio, shall be no less than 1.6 to 1.0 and (y) the Collateral shall include at least one category of Core Collateral; provided that in the case of any Disposition that is not a voluntary Disposition of Collateral
by the Borrower or such Grantor, the Borrower shall have up to 45 days after such Disposition to accomplish the actions contemplated by this clause (II); or (III) the Borrower shall comply with its obligations set forth in Section 2.12(a),
(C) [Reserved] and (D) the Borrower shall promptly provide to the Administrative Agent a Collateral Coverage Ratio Certificate calculating the Collateral Coverage Ratio and certifying that the Collateral includes at least one category of Core
Collateral after giving effect to such Disposition and any actions taken pursuant to clause (B)(II) above. 
 For the avoidance of doubt,
(1) none of (v) the reduction of the frequency of flight operations over any Scheduled Service or other scheduled service, (w) the suspension or cancellation of any Scheduled Service or other scheduled service, (x) the
expiration, termination or suspension of any Pledged Route Authority, Pledged Slot or Pledged Gate Leasehold in accordance with the terms under which the applicable Grantor was granted such Pledged Route Authority, Pledged Slot or Pledged Gate
Leasehold, (y) the release of any Pledged Slot or Pledged Foreign Gate Leasehold from the Collateral pursuant to Section 17 of the Slot Security Agreement or an equivalent provision with a different section reference or the equivalent
provision of any SGR Security Agreement or any other Collateral Document relating to such Pledged Slot or Pledged Gate Leasehold, as applicable, shall constitute a Disposition and (2) with respect to any Spare Parts, none of (x) the
transfer of possession thereof to the manufacturer thereof or any service provider for testing, overhaul, repairs, maintenance, servicing alterations or modification purposes or to any other Person for transport to the manufacturer thereof or any

  
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such servicer provider and any such purpose or for transfer from one location owned or used by the Borrower (or of any other Grantor under a Collateral Document granting a security interest the
in the applicable Spare Parts) to another such location, (y) the subjecting of any such Spare Part to an interchange or pooling, exchange, borrowing, maintenance or servicing arrangement or (z) the sale, transfer or exchange between or
among the Borrower and its Affiliates to the extent such Persons are Grantors under Collateral Documents granting a security interest in the applicable Spare Parts, shall in any such case, constitute a Disposition. 

SECTION 6.05 Transactions with Affiliates. 

(a) Parent will not, and will not permit any of its Restricted Subsidiaries to, make any payment to or sell, lease, transfer or otherwise
dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any transaction, contract, agreement, understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate of
Parent (each, an “Affiliate Transaction”) involving aggregate payments or consideration in excess of $60,000,000, unless: 

(1) the Affiliate Transaction is on terms that are not materially less favorable to Parent or the relevant Restricted
Subsidiary (taking into account all effects Parent or such Restricted Subsidiary expects to result from such transaction whether tangible or intangible) than those that would have been obtained in a comparable transaction by Parent or such
Restricted Subsidiary with an unrelated Person; and 
 (2) the Borrower delivers to the Administrative Agent: 

(A) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in
excess of $150,000,000, an Officer’s Certificate certifying that such Affiliate Transaction complies with clause (1) of this Section 6.05(a); and 

(B) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in
excess of $300,000,000, an opinion as to the fairness to Parent or such Restricted Subsidiary of such Affiliate Transaction from a financial point of view issued by an accounting, appraisal or investment banking firm of national standing. 

(b) The following items will not be deemed to be Affiliate Transactions and, therefore, will not be subject to the provisions of
Section 6.05(a): 
 (1) any employment agreement, confidentiality agreement,
non-competition agreement, incentive plan, employee stock option agreement, long-term incentive plan, profit sharing plan, employee benefit plan, officer or director
indemnification agreement or any similar arrangement entered into by Parent or any of its Restricted Subsidiaries in the Ordinary Course of Business and payments pursuant thereto; 

(2) transactions between or among any of Parent and/or its Restricted Subsidiaries (including without limitation in connection
with (or in anticipation of) any full or partial “spin-off” or similar transactions); 

  
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 (3) transactions with a Person (other than an Unrestricted Subsidiary of Parent)
that is an Affiliate of Parent solely because Parent owns, directly or through a Restricted Subsidiary, an Equity Interest in, or controls, such Person; 

(4) payment of fees, compensation, reimbursements of expenses (pursuant to indemnity arrangements or otherwise) and reasonable
and customary indemnities provided to or on behalf of officers, directors, employees or consultants of Parent or any of its Restricted Subsidiaries; 

(5) any issuance of Qualifying Equity Interests or any increase in the liquidation preference of preferred stock of Parent;

 (6) transactions with customers, clients, suppliers or purchasers or sellers of goods or services in the Ordinary Course
of Business or transactions with joint ventures, alliances, alliance members or Unrestricted Subsidiaries entered into in the Ordinary Course of Business; 

(7) Permitted Investments and Restricted Payments that do not violate Section 6.01; 

(8) loans or advances to employees in the Ordinary Course of Business not to exceed $30,000,000 in the aggregate at any one
time outstanding; 
 (9) transactions pursuant to agreements or arrangements in effect on the Closing Date or any amendment,
modification or supplement thereto or replacement thereof and any payments made or performance under any agreement as in effect on the Closing Date or any amendment, replacement, extension or renewal thereof (so long as such agreement as so amended,
replaced, extended or renewed is not materially less advantageous, taken as a whole, to the Lenders than the original agreement as in effect on the Closing Date); 

(10) transactions between or among any of Parent and/or its Subsidiaries or transactions between a Receivables Subsidiary and
any Person in which the Receivables Subsidiary has an Investment; 
 (11) any transaction effected as part of a Qualified
Receivables Transaction; 
 (12) any purchase by Parent’s Affiliates of Indebtedness of Parent or any of its Restricted
Subsidiaries, the majority of which Indebtedness is offered to Persons who are not Affiliates of Parent; 
 (13) transactions
contemplated by the Marketing and Service Agreements; 
 (14) transactions between Parent or any of its Restricted
Subsidiaries with any employee labor unions or other employee groups of Parent or such Restricted Subsidiary provided such transactions are not otherwise prohibited by this Agreement; 

  
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 (15) transactions with captive insurance companies of Parent or any of its
Restricted Subsidiaries; and 
 (16) transactions between or among any of Parent and/or its Subsidiaries or transactions
between a Non-Recourse Financing Subsidiary and any Person in which the Non-Recourse Financing Subsidiary has an Investment. 

SECTION 6.06 Liens. Parent will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create,
incur, assume or suffer to exist any Lien of any kind on any property or asset that constitutes Collateral, except Permitted Liens. 

SECTION 6.07 Business Activities. Parent will not, and will not permit any of its Restricted Subsidiaries to, engage in any
business other than Permitted Businesses, except to such extent as would not be material to Parent and its Restricted Subsidiaries taken as a whole. 

SECTION 6.08 Liquidity. Parent will not permit the aggregate amount of Liquidity at the close of any Business Day to be less than
$2,000,000,000. 
 SECTION 6.09 Collateral Coverage Ratio. 

(a) Within thirty (30) Business Days after delivery of each Appraisal that is required to be delivered pursuant to Section 5.06 in
any applicable calendar year (such day, a “Reference Date,” and the thirtieth (30th) Business Day after a Reference Date, the “Certificate Delivery Date”), the Borrower will deliver to the Administrative Agent a Collateral
Coverage Ratio Certificate containing (i) a calculation of the Collateral Coverage Ratio with respect to such Reference Date and (ii) for each Collateral Coverage Ratio Certificate delivered on a Certificate Delivery Date in respect of a
Reference Date that occurs on or after the Initial Collateral Release Date, a certification that the Collateral includes at least one category of Core Collateral. 

(b) (x) If the Collateral Coverage Ratio with respect to any Reference Date is less than 1.6 to 1.0, the Borrower shall, no later than forty-five (45) days after the Certificate Delivery Date, (A) grant (or cause another Grantor to grant) a security interest in Additional Collateral and/or (B) prepay or cause to be prepaid the Loans
and (if required by its terms) any Pari Passu Senior Secured Debt (on a ratable basis with the Loans) such that following such actions in clauses (A) and/or (B) above, the Collateral Coverage Ratio with respect to such Reference Date,
recalculated by adding the Appraised Value of any such Additional Collateral in clause (i) of the definition of Collateral Coverage Ratio and subtracting any such prepaid Loans and prepaid Pari Passu Senior Secured Debt from clause (ii) of
the definition of Collateral Coverage Ratio shall be no less than 1.6 to 1.0 or (y) if at any time, on and after the Initial Collateral Release Date, it is determined that a Core Collateral Failure has occurred, the Borrower shall, no later
than forty-five (45) days after the date of such determination, either (A) grant (or cause another Grantor to grant) a security interest in Additional Collateral such that following such grant the Collateral shall include at least one
category of Core Collateral or (B) prepay the Loans in full in accordance with Section 2.12(h). 
 (c) In addition to the release
of any Lien otherwise contemplated by any other provision of any Loan Document, at the Borrower’s request, the Lien of the applicable Collateral 

  
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Documents on any asset or type or category of asset (including after-acquired assets of that type or category) included in the Collateral will be promptly
released; provided, in each case, that the following conditions are satisfied or waived: (A) no Event of Default shall have occurred and be continuing, (B) either (x) after giving effect to such release, the Collateral Coverage
Ratio is not less than 1.6 to 1.0 or (y) the Borrower shall (1) grant (or cause another Grantor to grant) a security interest in Additional Collateral and/or (2) prepay or cause to be prepaid the Loans and (if required by its terms)
any Pari Passu Senior Secured Debt (on a ratable basis with the Loans) such that following such actions in clauses (1) and/or (2) above, the Collateral Coverage Ratio, calculated by adding the Appraised Value of any such Additional
Collateral in clause (i) of the definition of Collateral Coverage Ratio and subtracting any such prepaid Loans and prepaid Pari Passu Senior Secured Debt from clause (ii) of the definition of Collateral Coverage Ratio, shall be no less
than 1.6 to 1.0, (C) either (x) no Core Collateral Failure shall have occurred as a result of such Borrower Release or (y) the Borrower shall grant (or cause another Grantor to grant) a security interest in additional assets pledged as
Additional Collateral such that the Collateral would include at least one category of Core Collateral and (D) the Borrower shall deliver an Officer’s Certificate and a Collateral Coverage Ratio Certificate (which may be delivered in a
combined certificate) demonstrating compliance with this Section 6.09(c) following such release. In connection herewith, the Collateral Agent agrees to promptly provide any documents or releases reasonably requested by the Borrower to evidence
such release. 
 SECTION 6.10 Merger, Consolidation, or Sale of Assets. 

(a) Neither Parent nor the Borrower (whichever is applicable, the “Subject Company”) shall directly or indirectly:
(i) consolidate or merge with or into another Person or (ii) sell, assign, transfer, convey or otherwise dispose of all or substantially all of the properties or assets of the Subject Company and its Restricted Subsidiaries taken as a
whole, in one or more related transactions, to another Person, unless: 
 (1) either: 

(A) the Subject Company is the surviving corporation; or 

(B) the Person formed by or surviving any such consolidation or merger (if other than the Subject Company) or to which such
sale, assignment, transfer, conveyance or other disposition has been made is an entity organized or existing under the laws of the United States, any state of the United States or the District of Columbia; 

(2) the Person formed by or surviving any such consolidation or merger (if other than the Subject Company) or the Person to
which such sale, assignment, transfer, conveyance or other disposition has been made assumes all the obligations of the Subject Company under the Loan Documents by operation of law (if the surviving Person is the Borrower) or pursuant to agreements
reasonably satisfactory to the Administrative Agent; 
 (3) immediately after such transaction, no Event of Default exists;
and 
 (4) the Subject Company shall have delivered to the Administrative Agent an Officer’s Certificate stating that
such consolidation, merger or transfer complies with this Agreement. 

  
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 In addition, a Subject Company will not, directly or indirectly, lease all or substantially all
of the properties and assets of such Subject Company and its Restricted Subsidiaries taken as a whole, in one or more related transactions, to any other Person. 

(b) Section 6.10(a) will not apply to any sale, assignment, transfer, conveyance, lease or other disposition of assets between or among
Parent and/or its Restricted Subsidiaries. 
 Clauses (3) and (4) of Section 6.10(a) will not apply to any merger, consolidation
or transfer of assets: 
 (1) between or among Parent and any of Parent’s Restricted Subsidiaries; 

(2) between or among any of Parent’s Restricted Subsidiaries or by a Restricted Subsidiary that is not a Guarantor; or

 (3) with or into an Affiliate solely for the purpose of reincorporating a Subject Company in another jurisdiction. 

(c) Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of
the properties or assets of any Subject Company in a transaction that is subject to, and that complies with the provisions of, Section 6.10(a), the successor Person formed by such consolidation or into or with which such Subject Company is
merged or to which such sale, assignment, transfer, lease, conveyance or other disposition is made shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger, sale, assignment, transfer, lease, conveyance
or other disposition, the provisions of this Agreement referring to such Subject Company shall refer instead to the successor Person and not to such Subject Company), and may exercise every right and power of such Subject Company under this
Agreement with the same effect as if such successor Person had been named as such Subject Company herein; provided, however, that the predecessor Subject Company, if applicable, shall not be relieved from the obligation to pay the
principal of, and interest, if any, on the Loan except in the case of a sale of all or substantially all of such Subject Company’s assets in a transaction that is subject to, and that complies with the provisions of, Section 6.10(a). 

SECTION 6.11 Post-Closing Matters. The Borrower shall deliver each of the documents, instruments and agreements and take each of
the actions set forth on Schedule 6.11 within the time periods set forth on such Schedule; provided that the Borrower shall not be required to take (i) any actions set forth in Part 1 of such Schedule, if the Collateral Coverage
Ratio is satisfied on a pro forma basis after excluding the Appraised Value (determined as of the Closing Date) of any Flight Simulators that were included in the Initial Appraisal or (ii) any actions set forth in Part 2 of such
Schedule, if the Collateral Coverage Ratio is satisfied on a pro forma basis after excluding the Appraised Value (determined as of the Closing Date) of any Specified Real Property Assets. 

  
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 ARTICLE VII 

EVENTS OF DEFAULT 

SECTION 7.01 Events of Default. In the case of the happening of any of the following events and the continuance thereof beyond the
applicable grace period if any (each, an “Event of Default”): 
 (a) any representation or warranty made by the Borrower or
any Guarantor in this Agreement or in any other Loan Document shall prove to have been false or incorrect in any material respect when made and such representation, to the extent capable of being corrected, is not corrected within ten
(10) Business Days after the earlier of (A) a Responsible Officer of the Borrower obtaining knowledge of such default or (B) receipt by the Borrower of notice from the Administrative Agent of such default; or 

(b) default shall be made in the payment of (i) any principal of the Loans or reimbursement obligations or Cash Collateralization in
respect of Letters of Credit when and as the same shall become due and payable; (ii) any interest on the Loans and such default shall continue unremedied for more than five (5) Business Days or (iii) any other amount payable hereunder
when due and such default shall continue unremedied for more than ten (10) Business Days after receipt of written notice by the Borrower from the Administrative Agent of the default in making such payment when due; or 

(c) (A) default shall be made by Parent in the due observance of the covenant contained in Section 5.03(1) or 6.09(b), or
(B) default shall be made by Parent in the due observance of the covenant contained in Section 6.08 and such default shall continue unremedied for more than ten (10) Business Days; or 

(d) default shall be made by the Borrower, Parent or any Restricted Subsidiary of Parent in the due observance or performance of any other
covenant, condition or agreement to be observed or performed by it pursuant to the terms of this Agreement or any of the other Loan Documents and such default shall continue unremedied for more than sixty (60) days after receipt of written
notice by the Borrower from the Administrative Agent of such default; or 
 (e) (A) any Loan Document ceases to be in full force and
effect (except as permitted by the terms of this Agreement or the Loan Documents or other than as a result of the action or inaction of any Agent) for a period of 60 consecutive days after the Borrower receives notice thereof or (B) any of the
Collateral Documents ceases to give the Collateral Agent or trustee (as applicable) a valid, perfected (subject to any Permitted Liens) security interest (other than (w) any release or termination of the security interest with respect to any
Collateral permitted by the terms of this Agreement or any Collateral Document, (x) as a result of any action by any Agent, (y) as a result of the failure of any Agent to take any action within its control or (z) as a result of any
delay by any Agent in taking any action within its control) for a period of 60 consecutive days after the Borrower receives notice thereof, in each case with respect to Qualifying Collateral having an Appraised Value in excess of $100,000,000 in the
aggregate at any time with respect to clauses (A) and (B) above (as determined in good faith by a responsible financial or accounting officer of the Borrower); or 

  
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 (f) the Borrower, any Significant Subsidiary or any group of Restricted Subsidiaries of Parent
that, taken together, would constitute a Significant Subsidiary pursuant to or within the meaning of Bankruptcy Law: 
 (1)
commences a voluntary case, or 
 (2) consents to the entry of an order for relief against it in an involuntary case, or 

(3) consents to the appointment of a custodian of it or for all or substantially all of its property, or 

(4) makes a general assignment for the benefit of its creditors, or 

(5) admits in writing its inability generally to pay its debts; or 

(g) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(1) is for relief against Parent, the Borrower, any Significant Subsidiary or any group of Restricted Subsidiaries of Parent
that, taken together, would constitute a Significant Subsidiary in an involuntary case; 
 (2) appoints a custodian of
Parent, the Borrower, any Significant Subsidiary or any group of Restricted Subsidiaries of Parent that, taken together, would constitute a Significant Subsidiary or for all or substantially all of the property of Parent, the Borrower, any
Significant Subsidiary or any group of Restricted Subsidiaries of Parent that, taken together, would constitute a Significant Subsidiary; or 

(3) orders the liquidation of Parent, the Borrower, any Significant Subsidiary or any group of Restricted Subsidiaries of
Parent that, taken together, would constitute a Significant Subsidiary; 
 and in each case the order or decree remains unstayed and in
effect for sixty (60) consecutive days; or 
 (h) there is entered by a court or courts of competent jurisdiction against Parent, the
Borrower or any of Parent’s Restricted Subsidiaries final judgments for the payment of any post-petition obligations aggregating in excess of $150,000,000 (determined net of amounts covered by insurance policies issued by creditworthy insurance
companies or by third-party indemnities or a combination thereof), which judgments are not paid, discharged, bonded, satisfied or stayed for a period of sixty (60) consecutive days; or 

(i) (1) the Borrower or any Guarantor shall default in the performance of any obligation relating to Material Indebtedness and any
applicable grace periods shall have expired and any applicable notice requirements shall have been complied with, and as a result of such default the holder or holders of such Material Indebtedness or any trustee or agent on behalf of such holder or
holders caused such Material Indebtedness to become due prior to its scheduled 

  
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final maturity date or (2) the Borrower or any Guarantor shall default in the payment of the outstanding principal amount due on the scheduled final maturity date of any Indebtedness
outstanding under one or more agreements of the Borrower or a Guarantor, any applicable grace periods shall have expired and any applicable notice requirements shall have been complied with and such failure to make payment when due shall be
continuing for a period of more than five (5) consecutive Business Days following the applicable scheduled final maturity date thereunder and the applicable creditors have exercised remedies, in an aggregate principal amount at any single time
unpaid exceeding $150,000,000; or 
 (j) a termination of a Plan of the Borrower or an ERISA Affiliate pursuant to Section 4042 of
ERISA and such termination would reasonably be expected to result in a Material Adverse Effect; 
 then, and in every such event and at any time thereafter
during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders, the Administrative Agent shall, by written notice to the Borrower, take one or more of the following actions, at the same or different
times: 
 (i) terminate forthwith the Commitments; 

(ii) declare the Loans or any portion thereof then outstanding to be forthwith due and payable, whereupon the principal of the
Loans and other Obligations (other than Designated Hedging Obligations) together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrower accrued hereunder and under any other Loan Document, shall become
forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower and the Guarantors, anything contained herein or in any other Loan Document to the contrary
notwithstanding; 
 (iii) require the Borrower and the Guarantors promptly upon written demand to deposit in the Letter of
Credit Account Cash Collateralization for the LC Exposure (and to the extent the Borrower and the Guarantors shall fail to furnish such funds as demanded by the Administrative Agent, the Administrative Agent shall be authorized to debit the accounts
of the Borrower and the Guarantors (other than Escrow Accounts, Payroll Accounts or other accounts held in trust for an identified beneficiary) maintained with the Administrative Agent in such amounts); 

(iv) set-off amounts in the Letter of Credit Account or any other accounts (other than
Escrow Accounts, Payroll Accounts or other accounts held in trust for an identified beneficiary) maintained with the Administrative Agent (or any of its affiliates) and apply such amounts to the obligations of the Borrower and the Guarantors
hereunder and in the other Loan Documents; and 
 (v) exercise any and all remedies under the Loan Documents and under
applicable law available to the Administrative Agent and the Lenders. 
 In case of any event with respect to Parent, the Borrower, any Significant
Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary 

  
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described in clause (f) or (g) of this Section 7.01, the actions and events described in clauses (i), (ii) and (iii) above shall be required or taken automatically,
without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower. Any payment received as a result of the exercise of remedies hereunder shall be applied in accordance with Section 2.17(b). 

ARTICLE VIII 
 THE AGENTS 

SECTION 8.01 Administration by Agents. 

(a) Each of the Lenders and each Issuing Lender hereby irrevocably appoints each Agent as its agent and irrevocably authorizes such Agent, in
such capacity, to take such actions on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are delegated to each Agent by the terms hereof, together with such actions
and powers as are reasonably incidental thereto. The Administrative Agent may perform any of its respective duties hereunder by or through its officers, directors, employees or affiliates. 

(b) Each of the Lenders and each Issuing Lender hereby authorizes each of the Administrative Agent and the Collateral Agent, in its sole
discretion, where applicable: 
 (i) (A) in connection with the sale or other disposition or request for release in
compliance with Section 6.09(c) of any asset that is part of the Collateral of the Borrower or any other Grantor, as the case may be, to the extent permitted by the terms of this Agreement, to release a Lien granted to the Collateral Agent, for
the benefit of the Secured Parties, on such asset and (B) (x) upon termination of the Commitments and payment and satisfaction of all of the Obligations (other than inchoate indemnification obligations) at any time arising under or in respect
of this Agreement or the Loan Documents or the transactions contemplated hereby or thereby, (y) if approved, authorized or ratified in writing by the Required Lenders (or all of the Lenders hereunder, to the extent required by this Agreement)
or (z) as otherwise may be expressly provided in the relevant Collateral Documents, to release a Lien granted to the Collateral Agent, for the benefit of the Secured Parties, on any asset that is part of the Collateral of the Borrower or any
other Grantor, as the case may be; 
 (ii) to determine that the cost to the Borrower or any other Grantor, as the case may
be, is disproportionate to the benefit to be realized by the Secured Parties by perfecting a Lien in a given asset or group of assets included in the Collateral and that the Borrower or such other Grantor, as the case may be, should not be required
to perfect such Lien in favor of the Collateral Agent, for the benefit of the Secured Parties; 
 (iii) to enter into the
other Loan Documents on terms acceptable to the Administrative Agent or the Collateral Agent, as applicable, and to perform its respective obligations thereunder; 

  
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 (iv) to execute any documents or instruments necessary to release any Guarantor
from the guarantees provided herein pursuant to Section 9.05; 
 (v) to enter into the Collateral Documents, any
Intercreditor Agreement or any Other Intercreditor Agreement (and/or subordination agreements on terms reasonably acceptable to the Collateral Agent and the Administrative Agent) and in each case to perform its obligations thereunder and to take
such action and to exercise the powers, rights and remedies granted to it thereunder and with respect thereto; and 
 (vi) to
enter into any other agreements in the forms contemplated hereby or otherwise reasonably satisfactory to the Administrative Agent granting Liens to the Collateral Agent, for the benefit of the Secured Parties, on any assets of the Borrower or any
other Grantor to secure the Obligations. 
 (c) The Collateral Agent may appoint the Administrative Agent as its agent for the purposes of
holding any Collateral and/or perfecting the Collateral Agent’s security interest therein and for the purpose of taking such other action with respect to the Collateral as such Agents may from time to time agree. 

(d) In the event any property described in clauses (d) or (e) of the definition of “Additional Collateral” is to be
pledged by the Borrower or any other Grantor as Additional Collateral, the Collateral Agent will appoint Wilmington Trust Company or another trustee designated by the Borrower and reasonably acceptable to the Collateral Agent to serve as the
security trustee under the applicable Aircraft Security Agreement or Spare Engine Security Agreement with respect to such Additional Collateral, and in such event, references herein to the “Collateral Agent” with respect to such Additional
Collateral and such Aircraft Security Agreement or Spare Engine Security Agreement, as the context requires, shall be deemed to refer to such security trustee. The Collateral Agent will cause such trustee to join any Intercreditor Agreements and/or
any Other Intercreditor Agreements. 
 SECTION 8.02 Rights of Agents. Each institution serving as an Agent hereunder shall have
the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank and its respective Affiliates may accept deposits from, lend money to, act in any advisor capacity,
and generally engage in any kind of business with the Borrower, Parent or any Subsidiary or other Affiliate of Parent as if it were not an Agent hereunder and without any duty to account therefor to the Lenders. 

SECTION 8.03 Liability of Agents. 

(a) No Agent shall have any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting
the generality of the foregoing, (i) no Agent shall be subject to any fiduciary or other implied duties, regardless of whether an Event of Default has occurred and is continuing, (ii) no Agent shall have any duty to take any discretionary
action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that such Agent is required to exercise in writing as directed by the Required Lenders (or such other
number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 10.08 or in the 

  
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other Loan Documents), (iii) except as expressly set forth herein, no Agent shall have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to
the Borrower, Parent or any of Parent’s Subsidiaries that is communicated to or obtained by the institution serving as an Agent or any of its respective Affiliates in any capacity and (iv) no Agent will be required to take any action that,
in its opinion or the opinion of its counsel, may expose such Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt, any action that may be in violation of the automatic stay under any
Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Federal, state or foreign
bankruptcy, insolvency, receivership or similar law now or hereafter in effect. No Agent shall be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the
Lenders as shall be necessary under the circumstances as provided in Section 10.08 or in the other Loan Documents) or in the absence of its own gross negligence, bad faith or willful misconduct, as determined in a final non-appealable judgment by a court of competent jurisdiction. No Agent shall be deemed to have knowledge of any Event of Default unless and until written notice thereof is given to such Agent by the Borrower, Parent
or a Lender, and no Agent shall be responsible for, or have any duty to ascertain or inquire into, (A) any statement, warranty or representation made in or in connection with this Agreement, (B) the contents of any certificate, report or
other document delivered hereunder or in connection herewith, (C) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein, (D) the validity, enforceability, effectiveness or
genuineness of this Agreement or any other agreement, instrument or document or (E) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to each
Agent. 
 (b) Each Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request,
certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. Each Agent also may rely upon any statement made to it orally or by telephone and believed by
it to be made by the proper Person, and shall not incur any liability for relying thereon. Each Agent may consult with legal counsel (who may be counsel for the Borrower or Parent), independent accountants and other experts selected by it, and shall
not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 
 (c) Each
Agent may perform any and all of its duties and exercise its rights and powers by or through any one or more sub-agents appointed by it (including the Collateral Agent, in the case of the Administrative
Agent). Each Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers through its Related Parties. The exculpatory provisions of the preceding paragraphs shall
apply to any such sub-agent and to the Related Parties of each Agent and any such sub-agent, and shall apply to their respective activities in connection with the
syndication of the credit facilities provided for herein as well as activities as Administrative Agent or Collateral Agent. 
 (d) Anything
herein to the contrary notwithstanding, none of the Syndication Agent, Documentation Agents or Joint Lead Arrangers and Bookrunners listed on the cover page 

  
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hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, Collateral
Agent, a Lender or the Issuing Lender. 
 (e) No Agent shall have any obligation whatsoever to the Lenders or to any other Person to assure
that the Collateral exists or is owned by the applicable Grantor or is cared for, protected or insured or that the Liens granted to the Collateral Agent herein or pursuant hereto have been properly or sufficiently or lawfully created, perfected,
protected or enforced or are entitled to any particular priority, or to exercise or to continue exercising at all or in any manner or under any duty of care, disclosure or fidelity any of the rights, authorities and powers granted or available to
the Agents in this Article VIII or in any of the Collateral Documents, it being understood and agreed that (as between the Collateral Agent and the Lenders) in respect of the Collateral, or any act, omission or event related thereto, the Collateral
Agent may act in any manner it may deem appropriate, in its sole discretion, given the Collateral Agent’s own interest in the Collateral as one of the Lenders and that the Collateral Agent shall have no duty or liability whatsoever to the
Lenders, except for its gross negligence or willful misconduct, as determined in a final non-appealable judgment by a court of competent jurisdiction. 

(f) Any assignor of a Loan or seller of a participation hereunder shall be entitled to rely conclusively on a representation of the assignee
Lender or Participant in the relevant Assignment and Acceptance or participation agreement, as applicable, that such assignee Lender or Participant is not a Disqualified Institution. No Agent shall have any responsibility or liability for monitoring
the list or identities of, or enforcing provisions relating to, Disqualified Institutions. 
 SECTION 8.04 Reimbursement and
Indemnification. Each Lender agrees (a) to reimburse on demand each Agent for such Lender’s Aggregate Exposure Percentage of any expenses and fees incurred for the benefit of the Lenders under this Agreement and any of the Loan
Documents, including, without limitation, counsel fees and compensation of agents and employees paid for services rendered on behalf of the Lenders, and any other expense incurred in connection with the operations or enforcement thereof, not
reimbursed by the Borrower or the Guarantors and (b) to indemnify and hold harmless each Agent and any of its Related Parties, on demand, in the amount equal to such Lender’s Aggregate Exposure Percentage, from and against any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses, or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against it or any of them in any way relating to or
arising out of this Agreement or any of the Loan Documents or any action taken or omitted by it or any of them under this Agreement or any of the Loan Documents to the extent not reimbursed by the Borrower or the Guarantors (except such as shall
result from its gross negligence or willful misconduct, as determined in a final non-appealable judgment by a court of competent jurisdiction). Notwithstanding the foregoing, so long as no Event of Default
shall have occurred and be continuing, the Borrower shall not be responsible for the fees and expenses of more than one primary counsel for the Administrative Agent, the Collateral Agent or the Joint Lead Arrangers and Bookrunners and, only with
respect to fees and expenses incurred in connection with the enforcement of the Loan Documents, one local counsel for each relevant jurisdiction, and, in each case, if necessary in the case of an actual conflict of interest, an additional counsel in
each such applicable jurisdiction. 

  
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 SECTION 8.05 Successor Agents. Subject to the appointment and acceptance of a
successor agent to the extent provided in this paragraph, (i) each Agent may be removed by the Borrower or the Required Lenders if such Agent or a controlling affiliate of such Agent is a Defaulting Lender and (ii) any Agent may resign
upon ten (10) days’ notice to the Lenders, the Issuing Lenders and the Borrower. Upon any such removal or resignation by any Agent, the Required Lenders shall appoint, with the consent (provided that no Event of Default or Default
has occurred and is continuing) of the Borrower (such consent not to be unreasonably withheld or delayed if such successor is a commercial bank with consolidated combined capital and surplus of at least $5,000,000,000), to appoint a successor. If no
successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after the retiring Agent gives notice of its resignation, then the retiring Agent may, with the consent
(provided that no Event of Default or Default has occurred or is continuing) of the Borrower (such consent not to be unreasonably withheld or delayed), appoint a successor Agent which shall be a bank institution with an office in New York,
New York, or an Affiliate of any such bank, in each case, with consolidated combined capital and surplus of at least $5,000,000,000). Upon the acceptance of its appointment as Agent hereunder by a successor, such successor shall succeed to and
become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations hereunder. The fees payable by the Borrower to a successor Agent shall be the same as
those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring Agent’s resignation hereunder, the provisions of this Article and Section 10.04 shall continue in effect for the benefit
of such retiring Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as an Agent. 

SECTION 8.06 Independent Lenders. Each Lender acknowledges that it has, independently and without reliance upon any Agent or any
other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon either
Agent or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any related agreement or any
document furnished hereunder or thereunder. 
 SECTION 8.07 Advances and Payments. 

(a) On the date of each Loan, the Administrative Agent shall be authorized (but not obligated) to advance, for the account of each of the
Lenders, the amount of the Loan to be made by it in accordance with its Term Loan Commitment or Revolving Commitment, as applicable, hereunder. Should the Administrative Agent do so, each of the Lenders agrees forthwith to reimburse the
Administrative Agent in immediately available funds for the amount so advanced on its behalf by the Administrative Agent, together with interest at the Federal Funds Effective Rate if not so reimbursed on the date due from and including such date
but not including the date of reimbursement. 
 (b) Any amounts received by the Administrative Agent in connection with this Agreement
(other than amounts to which the Administrative Agent is entitled pursuant to 

  
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Sections 2.19, 2.20(a), 8.04 and 10.04), the application of which is not otherwise provided for in this Agreement, shall be applied in accordance with Section 2.17(b). All amounts to be
paid to a Lender by the Administrative Agent shall be credited to that Lender, after collection by the Administrative Agent, in immediately available funds either by wire transfer or deposit in that Lender’s correspondent account with the
Administrative Agent, as such Lender and the Administrative Agent shall from time to time agree. 
 SECTION 8.08 Sharing of
Setoffs. Each Lender agrees that, except to the extent this Agreement expressly provides for payments to be allocated to a particular Lender, if it shall, through the exercise either by it or any of its banking Affiliates of a right of
banker’s lien, setoff or counterclaim against the Borrower or a Guarantor, including, but not limited to, a secured claim under Section 506 of the Bankruptcy Code or other security or interest arising from, or in lieu of, such secured
claim and received by such Lender (or any of its banking Affiliates) under any applicable bankruptcy, insolvency or other similar law, or otherwise, obtain payment in respect of its Loans or LC Exposure as a result of which the unpaid portion of its
Loans or LC Exposure is proportionately less than the unpaid portion of the Loans or LC Exposure of any other Lender (a) it shall promptly purchase at par (and shall be deemed to have thereupon purchased) from such other Lender a participation
in the Loans or LC Exposure of such other Lender, so that the aggregate unpaid principal amount of each Lender’s Loans and LC Exposure and its participation in Loans and LC Exposure of the other Lenders shall be in the same proportion to the
aggregate unpaid principal amount of all Loans then outstanding and LC Exposure as the principal amount of its Loans and LC Exposure prior to the obtaining of such payment was to the principal amount of all Loans outstanding and LC Exposure prior to
the obtaining of such payment and (b) such other adjustments shall be made from time to time as shall be equitable to ensure that the Lenders share such payment pro rata; provided that if any such non-pro-rata payment is thereafter recovered or otherwise set aside, such purchase of participations shall be rescinded (without interest). The provisions of this Section 8.08 shall not be construed to
apply to (a) any payment made by the Borrower or a Guarantor pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender) or (b) any payment
obtained by any Lender as consideration for the assignment or sale of a participation in any of its Loans or other Obligations owed to it. 

SECTION 8.09 Withholding Taxes. To the extent required by any applicable law, each Agent may withhold from any payment to any
Lender an amount equivalent to any withholding tax applicable to such payment. If the Internal Revenue Service or any other Governmental Authority asserts a claim that any Agent did not properly withhold tax from amounts paid to or for the account
of any Lender for any reason, or any Agent has paid over to the Internal Revenue Service applicable withholding tax relating to a payment to a Lender but no deduction has been made from such payment, without duplication of any indemnification
obligations set forth in Section 8.04, such Lender shall indemnify such Agent fully for all amounts paid, directly or indirectly, by such Agent as tax or otherwise, including any penalties or interest and together with any expenses incurred.

 SECTION 8.10 Appointment by Secured Parties. Each Secured Party that is not a party to this Agreement shall be deemed to have
appointed each of the Administrative Agent and the Collateral Agent as its agent under the Loan Documents in accordance with the terms of this 

  
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Article VIII and to have acknowledged that the provisions of this Article VIII apply to such Secured Party mutatis mutandis as though it were a party hereto (and any acceptance by such
Secured Party of the benefits of this Agreement or any other Loan Document shall be deemed an acknowledgment of the foregoing). 

SECTION 8.11 Delivery of Information. The Administrative Agent shall not be required to deliver to any Lender originals or copies
of any documents, instruments, notices, communications or other information received by the Administrative Agent from any Loan Party, any Subsidiary, the Required Lenders, any Lender or any other Person under or in connection with this Agreement or
any other Loan Document except (i) as specifically provided in this Agreement or any other Loan Document and (ii) subject to all confidentiality provisions and other obligations of the Lenders under the Loan Documents, as specifically
requested from time to time in writing by any Lender with respect to a specific document, instrument, notice or other written communication received by and in the possession of the Administrative Agent at the time of receipt of such request and then
only in accordance with such specific request. 
 SECTION 8.12 Administrative Agent as Successor to Citicorp North America, Inc.;
Release. 
 (a) The 2013 Agent, assigns all of its rights, interests and obligations under the 2013 Loan Agreement, the 2013 Collateral
Documents and the 2013 Specified Collateral Documents to the Administrative Agent and the Collateral Agent, as applicable and the Administrative Agent and the Collateral Agent, as applicable hereby assume all such rights, interests and obligations.

 (b) The Administrative Agent and Collateral Agent hereby (i) release the Liens granted pursuant to the 2013 Specified Collateral
Documents, (ii) reassign all right, title and interest of the Administrative Agent in the collateral securing such Liens (subject to the Liens created by the Slot Security Agreement and the General Security Agreement, in each case, to the
extent set forth therein), (iii) agree that the 2013 Collateral Documents and the 2013 Guaranty are hereby terminated and of no further force and effect, except for any provisions therein that expressly survive termination thereof and
(iv) agree to execute and deliver or file such documents and instruments and to perform such actions as the Borrower may reasonably request to evidence or more effectively accomplish such releases and terminations. 

(c) The 2013 Agent, the Administrative Agent and the Collateral Agent hereby agree (i) that notwithstanding the terms thereof, each of
the 2013 Guarantors is hereby released from the 2013 Guaranty and (ii) to execute and deliver or file such documents and instruments and to perform such actions as the Borrower may reasonably request to evidence or more effectively accomplish
such release. 

  
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 ARTICLE IX 

GUARANTY 
 SECTION 9.01
Guaranty. 
 (a) Each of the Guarantors unconditionally and irrevocably guarantees the due and punctual payment by the Borrower of
the Obligations (including interest accruing on and after the filing of any petition in bankruptcy or of reorganization of the obligor whether or not post filing interest is allowed in such proceeding) (collectively, the “Guaranteed
Obligations” and the obligations of each Guarantor in respect thereof, its “Guaranty Obligations”). Each of the Guarantors further agrees that, to the extent permitted by applicable law, the Obligations may be extended or
renewed, in whole or in part, without notice to or further assent from such Guarantor, and it will remain bound upon this Guaranty notwithstanding any extension or renewal of any of the Obligations. The Obligations of the Guarantors shall be joint
and several. Each of the Guarantors further agrees that its guaranty hereunder is a primary obligation of such Guarantor and not merely a contract of surety. 

(b) Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum liability of each Guarantor hereunder and under
the other Loan Documents shall in no event exceed the amount that can be guaranteed by such Guarantor under applicable law, including applicable federal and state laws relating to the insolvency of debtors; provided that, to the maximum
extent permitted under applicable law, it is the intent of the parties hereto that the rights of contribution of each Guarantor provided in Section 9.02 be included as an asset of the respective Guarantor in determining the maximum liability of
such Guarantor hereunder. 
 (c) To the extent permitted by applicable law, each of the Guarantors waives presentation to, demand for
payment from and protest to the Borrower or any other Guarantor, and also waives notice of protest for nonpayment. The obligations of the Guarantors hereunder shall not, to the extent permitted by applicable law, be affected by (i) the failure
of any Agent or a Lender to assert any claim or demand or to enforce any right or remedy against the Borrower or any other Guarantor under the provisions of this Agreement or any other Loan Document or otherwise; (ii) any extension or renewal
of any provision hereof or thereof; (iii) any rescission, waiver, compromise, acceleration, amendment or modification of any of the terms or provisions of any of the Loan Documents other than pursuant to a written agreement in compliance with
Section 10.08; (iv) the release, exchange, waiver or foreclosure of any security held by the Collateral Agent for the Obligations or any of them; (v) by any default, failure or delay, willful or otherwise, in the performance of the
Obligations, or by any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of the Guarantors or would otherwise operate as a discharge of the Guarantors as a matter of
law; or (vi) the release or substitution of any Collateral or any other Guarantor. To the extent permitted by applicable law, each of the Guarantors further agrees that this Guaranty constitutes a guaranty of payment when due and not just of
collection. 
 (d) To the extent permitted by applicable law, each of the Guarantors hereby waives any defense that it might have based on a
failure to remain informed of the financial 

  
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condition of the Borrower and of any other Guarantor and any circumstances affecting the ability of the Borrower to perform under this Agreement, and waives any right to require that any resort
be had by any Agent or a Lender to any security held for payment of the Obligations or to any balance of any deposit, account or credit on the books of any Agent or a Lender in favor of the Borrower or any other Guarantor, or to any other Person.

 (e) To the extent permitted by applicable law, each Guarantor’s guaranty shall not be affected by the genuineness, validity,
legality, regularity or enforceability of the Obligations or any other instrument evidencing any Obligations, or by the existence, validity, enforceability, perfection, or extent of any collateral therefor or by any other circumstance relating to
the Obligations which might otherwise constitute a defense to this Guaranty (other than payment in full in cash of the Obligations in accordance with the terms of this Agreement (other than those that constitute unasserted contingent indemnification
obligations)). Neither the Administrative Agent nor any of the Lenders makes any representation or warranty in respect to any such circumstances or shall have any duty or responsibility whatsoever to any Guarantor in respect of the management and
maintenance of the Obligations. 
 (f) Upon the occurrence of the Obligations becoming due and payable (by acceleration or otherwise), the
Lenders shall be entitled to prompt and complete payment of such Obligations by the Guarantors upon written demand by the Administrative Agent. 

SECTION 9.02 Right of Contribution. Each Guarantor hereby agrees amongst themselves only that to the extent that a Guarantor shall
have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths (as defined below) of the Guarantors on the date the respective payment is made) of any payment made hereunder, such
Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and
conditions of Section 9.04. The provisions of this Section 9.02 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured Parties, and each Guarantor shall remain liable to
the Administrative Agent and the other Secured Parties for the full amount guaranteed by such Guarantor hereunder. “Adjusted Net Worth” of any Guarantor shall mean at any time, the greater of (x) $0 and (y) the amount by
which the fair saleable value of such Guarantor’s assets on the date of the respective payment hereunder exceeds its debts and other liabilities (including contingent liabilities, but without giving effect to any of its obligations under this
Agreement or any other Loan Documents) on such date. 
 SECTION 9.03 Continuation and Reinstatement, etc. Each Guarantor further
agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the
Issuing Lenders, any Lender or any other Secured Party upon the bankruptcy or reorganization of the Borrower or a Guarantor, or otherwise. 

SECTION 9.04 Subrogation. Upon payment by any Guarantor of any sums to the Administrative Agent or a Lender hereunder, all rights
of such Guarantor against the Borrower arising as a result thereof by way of right of subrogation or otherwise, shall in all respects be subordinate and junior in right of payment to the prior payment in full of all the Obligations

  
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(including interest accruing on and after the filing of any petition in bankruptcy or of reorganization of an obligor whether or not post-filing interest is allowed in such proceeding). If any
amount shall be paid to such Guarantor for the account of the Borrower relating to the Obligations prior to payment in full of the Obligations, such amount shall be held in trust for the benefit of the Administrative Agent and the Lenders and shall
forthwith be paid to the Administrative Agent and the Lenders to be credited and applied to the Obligations, whether matured or unmatured. 

SECTION 9.05 Discharge of Guaranty. 

(a) In the event of any sale or other disposition of all or substantially all of the assets of any Guarantor (other than Parent), by way of
merger, consolidation or otherwise, or a sale or other disposition of all Capital Stock of any Guarantor (other than Parent), in each case to a Person that is not (either before or after giving effect to such transactions) Parent or a Restricted
Subsidiary of Parent or the merger or consolidation of a Guarantor with or into the Borrower or another Guarantor, in each case, in a transaction permitted under this Agreement, then such Guarantor (in the event of a sale or other disposition, by
way of merger, consolidation or otherwise, of all of the Capital Stock of such Guarantor) or the corporation acquiring the property (in the event of a sale or other disposition of all or substantially all of the assets of such Guarantor) will be
automatically released and relieved of any obligations under its Guarantee of the Guaranteed Obligations. 
 (b) Upon designation of any
Guarantor as an Unrestricted Subsidiary in accordance with the terms of this Agreement, such Guarantor will be automatically released and relieved of any obligations under its Guarantee of the Guaranteed Obligations. In addition, upon the request of
the Borrower, the guarantee of any Guarantor that is or becomes an Immaterial Subsidiary, a Receivables Subsidiary or an Excluded Subsidiary shall be promptly released; provided that (i) no Event of Default shall have occurred and be
continuing or shall result therefrom and (ii) the Borrower shall have delivered an Officer’s Certificate certifying that such Subsidiary is an Immaterial Subsidiary, a Receivables Subsidiary or an Excluded Subsidiary, as applicable;
provided, further that a Subsidiary that is considered not to be an Immaterial Subsidiary solely pursuant to clause (1) of the proviso of the definition thereof shall, solely for purposes of this clause (b), be considered an
Immaterial Subsidiary so long as any applicable guarantee, pledge or other obligation of such Subsidiary with respect to any Junior Secured Debt shall be irrevocably released and discharged substantially simultaneously with the release of such
guarantee hereunder. 
 (c) The Administrative Agent shall use commercially reasonable efforts to execute and deliver, at the
Borrower’s expense, such documents as the Borrower or any such Guarantor may reasonably request to evidence the release of the guaranty of such Guarantor provided herein. 

(d) Each Guarantor will be automatically released and relieved of any obligations under its Guarantee of the Guaranteed Obligations upon the
first date on which all of the Loans and Obligations (other than any Obligations owing to a Non-Lender Secured Party) then due and owing shall have been satisfied by payment in full in cash, no Letter of
Credit shall be outstanding (except for Letters of Credit that have been Cash Collateralized or otherwise provided for in a manner reasonably satisfactory to the Administrative Agent) and the Commitments shall be terminated. 

  
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 ARTICLE X 

MISCELLANEOUS 

SECTION 10.01 Notices. 

(a) Subject to paragraph (b) below, all notices and other communications provided for herein or under any other Loan Document shall be in
writing, and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile or electronic mail, as follows: 

(i) if to the Borrower or any Guarantor, to it at American Airlines, Inc., 4333 Amon Carter Boulevard, Mail Drop 5662, Fort
Worth, TX 76155, facsimile: ###; Attention: Treasurer and, in respect of notices of proposed assignments of Loans or Commitments to the Borrower by email at ### (which shall not constitute notice); with copies to: Latham & Watkins LLP, 885
Third Avenue, New York, NY 10022, facsimile: ###; Attention: ###; 
 (ii) if to the Administrative Agent, to it at Citibank,
N.A., 1615 Brett Road, Building III, New Castle, Delaware 19720, facsimile: ###; email: ###; Attention: Loan Administration; 

(iii) if to the Collateral Agent, to it at Citibank, N.A., 1615 Brett Road, Building III, New Castle, Delaware 19720,
facsimile: ###; email: ###; Attention: Loan Administration; 
 (iv) if to an Issuing Lender that is a Lender, to it at its
address determined pursuant to clause (v) below or, if to an Issuing Lender that is not a Lender, to it at the address most recently specified by it in notice delivered by it to the Administrative Agent and the Borrower, unless no such notice
has been received, in which case to it in care of its Affiliate that is a Lender at its address determined pursuant to clause (v); and 

(v) if to any other Lender, to it at its address (or telecopy number) set forth in Annex A hereto or, if subsequently
delivered, an Assignment and Acceptance. 
 (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article II unless otherwise agreed by the Administrative Agent and the applicable
Lender. The Administrative Agent or the Borrower may, in its reasonable discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of
such procedures may be limited to particular notices or communications; provided, further, that no such approval shall be required for any notice delivered to the Administrative Agent by electronic mail pursuant to Section 2.05(b)
or Section 2.13(a). 
 (c) Any party hereto may change its address or facsimile number for notices and other communications hereunder
by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt. 

  
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 SECTION 10.02 Successors and Assigns. 

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby (including any Affiliate of an Issuing Lender that issues any Letter of Credit), except that (i) neither Parent nor the Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the
prior written consent of each Lender (and any attempted assignment or transfer by Parent or the Borrower without such consent shall be null and void); provided that the foregoing shall not restrict any transaction permitted by
Section 6.10 and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section 10.02. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any
Person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of an Issuing Lender that issues any Letter of Credit), Participants (to the extent provided in paragraph (d) of this
Section 10.02) and, to the extent expressly contemplated hereby, the Related Parties of the Administrative Agent, the Issuing Lenders and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender, in the ordinary course of business and in accordance
with applicable law, may assign (other than to any Defaulting Lender, Disqualified Institution or natural person) to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its
Revolving Commitment and the Loans at the time owing to it), pursuant to an Assignment and Acceptance with the prior written consent (such consent not to be unreasonably withheld or delayed) of: 

(A) the Administrative Agent; provided that no consent of the Administrative Agent shall be required for an assignment
(I) if the assignee is a Lender, an Affiliate of a Lender or an Approved Fund of a Lender, in each case so long as such assignee is an Eligible Assignee, (II) of Term Loans to the Borrower pursuant to Section 10.02(g) and
(III) of Loans made pursuant to Section 2.18(b) or 2.26(a); 
 (B) the Borrower; provided that no consent of
the Borrower shall be required for an assignment (I) other than with respect to an assignment to any Defaulting Lender, Disqualified Institution or natural person, if an Event of Default under Section 7.01(b), (f) or (g) has occurred
and is continuing or (II) if the assignee is a Lender, an Affiliate of a Lender or an Approved Fund of a Lender, in each case so long as such assignee is an Eligible Assignee; provided, 

  
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further, that the Borrower’s consent will be deemed given with respect to a proposed assignment if no response is received within ten (10) Business Days after having received a
written request from such Lender pursuant to this Section 10.02(b)(i)(B); and 
 (C) each Issuing Lender;
provided that no consent of any Issuing Lender shall be required for an assignment of all or any portion of a Term Loan. 

(ii) Assignments shall be subject to the following additional conditions: 

(A) any assignment of any portion of the Total Revolving Commitment, Revolving Loans, LC Exposure and Term Loans shall be made
to an Eligible Assignee; 
 (B) except in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund
of a Lender or an assignment of the entire remaining amount of the assigning Lender’s Revolving Commitment or Loans, the amount of such Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the
Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent) shall not be less than $5,000,000, and after giving effect to such assignment, the portion of the Loan or Commitment held by the assigning Lender of
the same tranche as the assigned portion of the Loan or Commitment shall not be less than $5,000,000, in each case unless the Borrower and the Administrative Agent otherwise consent; provided that no consent of the Borrower shall be required
with respect to such assignment if an Event of Default has occurred and is continuing; provided, further, that any such assignment shall be in increments of $500,000 in excess of the minimum amount described above; 

(C) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights
and obligations under this Agreement; 
 (D) the parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500 (unless waived by the Administrative Agent in any given case) for the account of the Administrative Agent; provided that for concurrent assignments
to two or more Approved Funds such assignment fee shall be required to be paid only once in respect of and at the time of such assignment; 

(E) the assignee, if it was not a Lender immediately prior to such assignment, shall deliver to the Administrative Agent an
administrative questionnaire in a form as the Administrative Agent may require; and 
 (F) notwithstanding anything to the
contrary herein, any assignment of any Term Loans to the Borrower shall be subject to the requirements of Section 10.02(g). 

  
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 For the purposes of this Section 10.02(b), the term “Approved Fund” shall
mean, with respect to any Lender, any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit in the Ordinary Course of Business and that is administered or
managed by (a) such Lender, (b) an Affiliate of such Lender or (c) an entity or an Affiliate of an entity that administers or manages such Lender. Notwithstanding the foregoing, no Lender shall be permitted to make assignments under
this Agreement to any Defaulting Lender, Disqualified Institution or natural person and any such assignment shall be void ab initio, except to the extent the Borrower, the Administrative Agent and each Issuing Lender have consented to such
assignment in writing (in which case such Lender will not be considered a Defaulting Lender, Disqualified Institution or natural person solely for that particular assignment). 

(iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this Section 10.02, from and after the
effective date specified in each Assignment and Acceptance, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of a Revolving Lender and/or a
Term Lender, as the case may be, under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an
Assignment and Acceptance covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.14, 2.16 and 10.04).
Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 10.02 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with paragraph (d) of this Section 10.02. 
 (iv) The Administrative Agent shall maintain
at its offices a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amount (and stated interest) of the Loans and LC
Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Guarantors, the Administrative Agent,
the Issuing Lenders and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be
available for inspection by the Borrower, the Issuing Lenders and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

(v) Notwithstanding anything to the contrary contained herein no assignment may be made hereunder to any Defaulting Lender,
Disqualified Institution or natural person or any of their respective subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (v). Any assignment by a Lender to
any of the foregoing Persons described in this clause (v) shall be deemed null and void ab initio and the Register shall be modified to reflect a reversal of such assignment, and the Borrower shall be entitled to pursue any remedy
available to it (whether at law or in equity, including specific performance to unwind such assignment) against the Lender and such Person. 

  
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 (vi) In connection with any assignment of rights and obligations of any
Defaulting Lender hereunder, no such assignment will be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment make such additional payments to the Administrative Agent in an aggregate
amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Borrower and the
Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all
payment liabilities then owed by such Defaulting Lender to the Borrower, the Administrative Agent, the Issuing Lender and each other Revolving Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full
pro rata share of all Loans and participations in Letters of Credit in accordance with its Aggregate Exposure Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder
becomes effective under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest will be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

(c) Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning Lender and an assignee, the assignee’s
completed administrative questionnaire in a form as the Administrative Agent may require (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section 10.02 and
any written consent to such assignment required by paragraph (b) of this Section 10.02, the Administrative Agent shall accept such Assignment and Acceptance and record the information contained therein in the Register; provided that
if either the assigning Lender or the assignee shall have failed to make any payment required to be made by it pursuant to Section 2.02(d) or (e), 2.04(a) or (b), 8.04 or 10.04(d), the Administrative Agent shall have no obligation to accept
such Assignment and Acceptance and record the information therein in the Register unless and until such payment shall have been made in full, together with all accrued interest thereon. No assignment shall be effective for purposes of this Agreement
unless it has been recorded in the Register as provided in this paragraph. 
 (d) (i) Any Lender may, without the consent of the
Borrower, the Administrative Agent or any Issuing Lender, sell participations (other than to any Defaulting Lender, Disqualified Institution or natural person) to one or more banks or other entities (a “Participant”) in all or a
portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain
unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, (C) such Lender shall remain the holder of any such Loan for all purposes under this Agreement and the other
Loan Documents and (D) the Borrower, the Administrative Agent, the Issuing Lenders and the other Lenders shall continue to deal solely and directly with such Lender in 

  
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connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender
shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the
consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to Section 10.08(a) that affects such Participant. Subject to Section 10.02(d)(ii), the Borrower agrees that each Participant shall
be entitled to the benefits of (and shall have the related obligations under) Sections 2.14 and 2.16 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 10.02(b). To the extent
permitted by law, each Participant also shall be entitled to the benefits of Section 8.08 as though it were a Lender; provided that such Participant agrees to be subject to the requirements of Section 8.08 as though it were a
Lender. Each Lender that sells a participation, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain a register on which it enters the name and address of each Participant
and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under this Agreement (the “Participant Register”); provided, further that no Lender shall have any
obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans, Letters of Credit or its other
obligations under this Agreement or any Loan Document), except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter of Credit or other obligation is in registered form under
Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender, the Borrower, a Guarantor and the
Administrative Agent shall treat each person whose name is recorded in the Participant Register pursuant to the terms hereof as the owner of such participation for all purposes of this Agreement, notwithstanding notice to the contrary.
Notwithstanding the foregoing, no Lender shall be permitted to sell participations under this Agreement to any Defaulting Lender, Disqualified Institution or natural person and any such participation shall be void ab initio, except to the
extent that the Borrower has consented to such participation in writing (in which case such Lender will not be considered a Defaulting Lender, Disqualified Institution or natural person solely for that particular participation). Any attempted
participation which does not comply with Section 10.02 shall be null and void. 
 (ii) A Participant shall not be
entitled to receive any greater payment under Section 2.14 or 2.16 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant and shall be subject to the terms of
Section 2.18(a). The Lender selling the participation to such Participant shall be subject to the terms of Section 2.18(b) if such Participant requests compensation or additional amounts pursuant to Section 2.14 or 2.16. A Participant
shall not be entitled to the benefits of Section 2.16 unless such Participant agrees, for the benefit of the Borrower, to comply with Sections 2.16(f), 2.16(g) and 2.16(h) as though it were a Lender. 

(e) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including without limitation any pledge or assignment to secure obligations to a Federal Reserve Bank or any central bank having jurisdiction over such Lender, and this Section 10.02 shall not apply to

  
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any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or
substitute any such pledgee or assignee for such Lender as a party hereto. 
 (f) Any Lender may, in connection with any assignment or
participation or proposed assignment or participation pursuant to this Section 10.02, disclose to the assignee or participant or proposed assignee or participant, any information relating to the Borrower or any of the Guarantors furnished to
such Lender by or on behalf of the Borrower or any of the Guarantors; provided that prior to any such disclosure, each such assignee or participant or proposed assignee or participant provides to the Administrative Agent its agreement in
writing to be bound for the benefit of the Borrower by either the provisions of Section 10.03 or other provisions at least as restrictive as Section 10.03. 

(g) Notwithstanding anything else to the contrary contained in this Agreement, any Lender may assign all or a portion of its Term Loans of any
Class to the Borrower in accordance with Section 10.02(b) pursuant to a Dutch Auction or open market purchase by the Borrower; provided that: 

(i) the assigning Lender and the Borrower purchasing such Lender’s Term Loans, as applicable, shall execute and deliver to
the Administrative Agent an Assignment and Acceptance; 
 (ii) any Term Loans assigned to the Borrower shall be automatically
and permanently cancelled upon the effectiveness of such assignment and will thereafter no longer be outstanding for any purpose hereunder; 

(iii) no Event of Default has occurred or is continuing; and 

(iv) the assignment to the Borrower and cancellation of Term Loans shall not constitute a mandatory or voluntary payment for
purposes of Section 2.12 or 2.13 and shall not be subject to Section 8.08, but the aggregate outstanding principal amount of the Term Loans shall be deemed reduced by the full par value of the aggregate principal amount of the Term Loans
purchased pursuant to this Section 10.02(g), and each principal repayment installment with respect to the Term Loans of such Class shall be reduced pro rata by the aggregate principal amount of Term Loans of such Class purchased
hereunder. 
 Each Lender making an assignment to the Borrower acknowledges and agrees that in connection with such assignment, (1) the
Borrower then may have, and later may come into possession of, information regarding the Term Loans or the Loan Parties hereunder that is not known to such Lender and that may be material to a decision by such Lender to assign the Term Loans
(“Excluded Information”), (2) such Lender has independently and, without reliance on the Borrower, the Administrative Agent or any of their respective Affiliates, made its own analysis and determination to enter into such
assignment notwithstanding such Lender’s lack of knowledge of the Excluded Information and (3) none of the Borrower, the Administrative Agent, or any of their respective Affiliates shall have any liability to such Lender, and such Lender
hereby waives and releases, to the extent permitted by law, any claims such Lender may have 

  
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against the Borrower, the Administrative Agent, and their respective Affiliates, under applicable laws or otherwise, with respect to the nondisclosure of the Excluded Information. Each Lender
entering into such an assignment further acknowledges that the Excluded Information may not be available to the Administrative Agent or the other Lenders. 

(h) No assignment or participation made or purported to be made to any assignee or Participant shall be effective without the prior written
consent of the Borrower if it would require the Borrower to make any filing with any Governmental Authority or qualify any Loan under the laws of any jurisdiction, and the Borrower shall be entitled to request and receive such information and
assurances as it may reasonably request from any Lender or any assignee or Participant to determine whether any such filing or qualification is required or whether any assignment or participation is otherwise in accordance with applicable law. 

(i) If the Borrower wishes to replace any Loans under any Facility hereunder with ones having different terms, it shall have the option, with
the consent of the Administrative Agent and subject to at least three (3) Business Days’ advance notice to the Lenders under such Facility, instead of prepaying the Loan to be replaced, to (i) require the Lenders under such Facility
to assign such Loans to the Administrative Agent or its designees and (ii) amend the terms thereof in accordance with Section 10.08. Pursuant to any such assignment, all Loans to be replaced shall be purchased at par (allocated among the
Lenders under such Facility in the same manner as would be required if such Loans were being optionally prepaid by the Borrower), accompanied by payment of any accrued interest and fees thereon and any amounts owing pursuant to
Section 10.04(b). By receiving such purchase price, the Lenders under such Facility shall automatically be deemed to have assigned the Loans under such Facility pursuant to the terms of the form of the Assignment and Acceptance, the
Administrative Agent shall record such assignment in the Register and accordingly no other action by such Lenders shall be required in connection therewith. The provisions of this clause (i) are intended to facilitate the maintenance of the
perfection and priority of existing security interests in the Collateral during any such replacement. 
 (j) In connection with any
replacement of a Lender pursuant to Section 2.18, 2.26(a), 10.08(b) or other provision hereof (collectively, a “Replaceable Lender”), if any such Replaceable Lender does not execute and deliver to the Administrative Agent a
duly executed Assignment and Acceptance reflecting such replacement within one (1) Business Day of the date on which the assignee Lender executes and delivers such Assignment and Acceptance to such Replaceable Lender, then such Replaceable
Lender shall be deemed to have executed and delivered such Assignment and Acceptance without any action on the part of the Replaceable Lender. 

(k) Each Loan Party and Lender acknowledges and agrees that the Administrative Agent shall not have any responsibility for determining whether
any Lender or potential Lender or Participant or potential Participant is a Disqualified Institution or otherwise prohibited from holding Loans or participations hereunder. 

SECTION 10.03 Confidentiality. Each Agent and each Lender agrees to keep confidential any information (i) delivered or made
available by Parent, the Borrower or any of the Guarantors or any of their respective Subsidiaries or (ii) obtained by any Agent or such 

  
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Lender based on a review of the books and records of Parent or the Borrower or any of their respective Subsidiaries to them, in accordance with their customary procedures, from anyone other than
persons employed or retained by each Agent or such Lender who are or are expected to become engaged in evaluating, approving, structuring or administering the Loans, and who are advised by such Lender of the confidential nature of such information;
provided that nothing herein shall prevent any Agent or any Lender from disclosing such information (a) to any of its Affiliates and their respective agents and advisors (it being understood that the Persons to whom such disclosure is
made will be informed of the confidential nature of such information under this Section 10.03 and instructed to keep such information confidential) or to any other Lender, (b) upon the order of any court or administrative agency,
(c) upon the request or demand of any regulatory agency or authority (including any self-regulatory authority), (d) which has been publicly disclosed other than as a result of a disclosure by any
Agent or any Lender which is not permitted by this Agreement, (e) in connection with any litigation to which any Agent, any Lender or their respective Affiliates may be a party to the extent reasonably required under applicable rules of
discovery, (f) to the extent reasonably required in connection with the exercise of any remedy hereunder, (g) to such Lender’s legal counsel and independent auditors, (h) on a confidential basis to any rating agency in connection
with rating Parent and its Subsidiaries or any Facility, (i) with the consent of the Borrower, (j) to any actual or proposed participant or assignee of all or part of its rights hereunder or to any direct or indirect contractual
counterparty (or the professional advisors thereto) to any swap or derivative transaction relating to the Borrower and its obligations, in each case, subject to the proviso in Section 10.02(f) (with any reference to any assignee or participant
set forth in such proviso being deemed to include a reference to such contractual counterparty for purposes of this Section 10.03(j)), (k) to the extent that such information is or was received by such Lender from a third party that is
not, to such Lender’s knowledge, subject to confidentiality obligations to the Borrower and (l) to the extent that such information is independently developed by such Lender. If any Lender is in any manner requested or required to disclose
any of the information delivered or made available to it by the Borrower or any of the Guarantors under clauses (b), (c) (unless such disclosure is made in connection with a routine examination or audit) or (e) of this Section 10.03,
such Lender will, to the extent permitted by law, provide the Borrower or Guarantor with prompt notice, to the extent reasonable, so that the Borrower or Guarantor may seek, at its sole expense, a protective order or other appropriate remedy or may
waive compliance with this Section 10.03. 
 SECTION 10.04 Expenses; Indemnity; Damage Waiver. 

(a) (i) The Borrower shall pay or reimburse: (A) all reasonable fees and reasonable and documented out-of-pocket expenses of each Agent and the Joint Lead Arrangers and Bookrunners (including the reasonable fees, disbursements and other charges of Milbank, Tweed, Hadley & McCloy LLP, special
counsel to the Agents) associated with the syndication of the credit facilities provided for herein, and the preparation, execution and delivery of the Loan Documents and (in the case of the Administrative Agent) any amendments, modifications or
supplements of the provisions hereof requested by the Borrower (whether or not the transactions contemplated hereby or thereby shall be consummated) and the reasonable fees and expenses of any trustee appointed pursuant to Section 8.01(d) in
connection with its services under the applicable Aircraft Security Agreement or Spare Engine Security Agreement, as separately agreed between the Borrower and such trustee; and (B) in connection with any enforcement of the Loan Documents, all
fees and documented out-of-pocket expenses of each Agent and any 

  
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trustee appointed pursuant to Section 8.01(d) (including the reasonable fees, disbursements and other charges of counsel for the Agents and such trustee and one local counsel for each
relevant jurisdiction, and, in each case, if necessary in the case of an actual conflict of interest, an additional counsel in each such applicable jurisdiction) and each Lender (including the reasonable fees, disbursements and other charges of
counsel for such Lender) incurred during the continuance of a Default and (C) all reasonable, documented, out-of-pocket costs, expenses, taxes, assessments and
other charges (including the reasonable fees, disbursements and other charges of counsel for the Collateral Agent) incurred by the Collateral Agent or any trustee appointed pursuant to Section 8.01(d) in connection with any filing,
registration, recording or perfection of any security interest as required by the applicable Collateral Document or incurred in connection with any release or addition of Collateral after the Closing Date; provided, however, that, so
long as no Event of Default shall have occurred and be continuing, the Borrower shall not, in connection with this Section 10.04(a), be responsible hereunder for the reasonable fees and expenses of more than one such firm of separate counsel,
in addition to any local counsel. 
 (ii) All payments or reimbursements pursuant to the foregoing clause (a)(i) shall
be paid within thirty (30) days of written demand together with back-up documentation supporting such reimbursement request. 

(b) The Borrower shall indemnify each Agent, any trustee appointed pursuant to Section 8.01(d), the Issuing Lenders and each Lender, and
each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including the
reasonable fees, charges and disbursements of one firm counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction, arising out of, in connection with, or as a result of any actual or prospective claim,
litigation, investigation or proceeding (including any investigating, preparing for or defending any such claims, actions, suits, investigations or proceedings, whether or not in connection with pending or threatened litigation in which such
Indemnitee is a party), whether based on contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto and whether or not any such claim, litigation, investigation or proceeding is brought by the Borrower, its equity
holders, its Affiliates, its creditors or any other person, relating to (i) the execution or delivery of this Agreement or any agreement or instrument contemplated hereby, the performance by the parties hereto of their respective obligations
hereunder or the consummation of the Transactions or any other transactions contemplated hereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by any Issuing Lender to honor a demand for payment
under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit) or (iii) any actual or alleged presence or Release of Hazardous Materials on or from any property
owned or operated by Parent or any of its Subsidiaries, or any Environmental Liability related in any way to, or asserted against, Parent or any of its Subsidiaries; provided that the foregoing indemnity will not, as to any Indemnitee (or any
of its Related Parties), be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the bad
faith, gross negligence or willful misconduct of, or material breach of any Loan Document by, such Indemnitee (or of any of its Related Parties), and in such case such Indemnitee (and its Related Parties) shall repay the

  
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Borrower the amount of any expenses previously reimbursed by the Borrower in connection with any such loss, claims, damages, expenses or liability to such Indemnitee and, to the extent not repaid
by any of them, such Indemnitee’s Related Parties not a party to this Agreement or (y) result from any proceeding between or among Indemnitees that does not involve an action or omission by the Borrower or its Affiliates (other than claims
against any Indemnitee in its capacity or in fulfilling its role as an Agent, trustee or Joint Lead Arranger and Bookrunner or any other similar role under the Facilities (excluding its role as a Lender)). This Section 10.04(b) shall not apply
with respect to Taxes other than Taxes that represent losses or damages arising from any non-Tax claim. Neither the Borrower nor any Indemnitee shall be liable for any indirect, special, punitive or
consequential damages hereunder; provided that nothing contained in this sentence shall limit the Borrower’s indemnity or reimbursement obligations under this Section 10.04 to the extent such indirect, special, punitive or
consequential damages are included in any third party claim in connection with which such Indemnitee is entitled to indemnification hereunder. 

(c) In case any action or proceeding shall be brought or asserted against an Indemnitee in respect of which indemnity may be sought against
the Borrower under the provisions of any Loan Document, such Indemnitee shall promptly notify the Borrower in writing and the Borrower shall, if the Borrower desires to do so, assume the defense thereof, including the employment of counsel
reasonably satisfactory to such Indemnitee but only if (i) no Event of Default shall have occurred and be continuing and (ii) such action or proceeding does not involve any risk of criminal liability or material risk of material civil
money penalties being imposed on such Indemnitee. The Borrower shall not enter into any settlement of any such action or proceeding unless such settlement (x) includes an unconditional release of such Indemnitees from all liability or claims
that are the subject matter of such action or proceeding and (y) does not include any statement as to fault or culpability. The failure to so notify the Borrower shall not affect any obligations the Borrower may have to such Indemnitee under
the Loan Documents or otherwise other than to the extent that the Borrower is materially adversely affected by such failure. The Indemnitees shall have the right to employ separate counsel in such action or proceeding and participate in the defense
thereof, but the fees and expenses of such counsel shall be at the expense of the Indemnitees unless: (i) the Borrower has agreed to pay such fees and expenses or (ii) the Indemnitees shall have been advised in writing by counsel that
under prevailing ethical standards there may be a conflict between the positions of the Borrower and the Indemnitees in conducting the defense of such action or proceeding or that there may be legal defenses available to the Indemnitees different
from or in addition to those available to the Borrower, in which case, if the Indemnitees notify the Borrower in writing that they elect to employ separate counsel at the expense of the Borrower, the Borrower shall not have the right to assume the
defense of such action or proceeding on behalf of the Indemnitees; provided, however, that the Borrower shall not, in connection with any one such action or proceeding or separate but substantially similar or related actions or
proceedings in the same jurisdiction arising out of the same general allegations or circumstances, be responsible hereunder for the reasonable fees and expenses of more than one such firm of separate counsel, in addition to any regulatory counsel
and any local counsel. The Borrower shall not be liable for any settlement of any such action or proceeding effected without the written consent of the Borrower (which shall not be unreasonably withheld or delayed). 

  
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 (d) To the extent that the Borrower fails to pay any amount required to be paid to an Issuing
Lender under paragraph (a) or (b) of this Section 10.04, each Lender severally agrees to pay to the applicable Issuing Lender, as the case may be, such portion of the unpaid amount equal to such Lender’s Aggregate Exposure
Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought); provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was
incurred by or asserted against the applicable Issuing Lender in its capacity as such. 
 (e) To the extent permitted by applicable law,
each party hereto shall not assert, and hereby waives, any claim against any other party hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. 

SECTION 10.05 Governing Law; Jurisdiction; Consent to Service of Process. 

(a) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 (b) Each party hereto hereby irrevocably and unconditionally submits, for itself and
its property in any legal action or proceeding relating to this Agreement and the other Loan Documents to which it is a party, to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United
States District Court of the Southern District of New York and appellate courts from either of them, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be
heard and determined in such New York State court or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall, to the extent permitted by law, be
conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 
 (c) Each party
hereto hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to
this Agreement in any court referred to in Section 10.05(b). Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in
any such court. 
 (d) Each party hereto hereby irrevocably and unconditionally consents to service of process in the manner provided for
notices in Section 10.01. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

  
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 SECTION 10.06 No Waiver. No failure on the part of the Administrative Agent or any of
the Lenders to exercise, and no delay in exercising, any right, power or remedy hereunder or any of the other Loan Documents shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy preclude any
other or further exercise thereof or the exercise of any other right, power or remedy. All remedies hereunder are cumulative and are not exclusive of any other remedies provided by law. 

SECTION 10.07 Extension of Maturity. Should any payment of principal of or interest or any other amount due hereunder become due
and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension. 

SECTION 10.08 Amendments, etc. 

(a) Except as set forth in clause (d)(iii) below, no modification, amendment or waiver of any provision of this Agreement or any Collateral
Document (other than the Account Control Agreement), and no consent to any departure by the Borrower or any Guarantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the Required Lenders or to the extent
that such modification, amendment or waiver only relates to a Class, the applicable Required Class Lenders (or signed by the Administrative Agent with the consent of the Required Lenders or the Required Class Lenders, as applicable), and
then such waiver or consent shall be effective only in the specific instance and for the purpose for which given; provided, however, that no such modification or amendment shall without the prior written consent of: 

(i) each Lender directly and adversely affected thereby, (A) increase the Commitment of any Lender or extend the
termination date of the Commitment of any Lender (it being understood that a waiver of an Event of Default shall not constitute an increase in or extension of the termination date of the Commitment of a Lender), (B) reduce the principal amount
of any Loan, any reimbursement obligation in respect of any Letter of Credit, or the rate of interest payable on any Loan (provided that only the consent of the Required Lenders shall be necessary for a waiver of default interest referred to
in Section 2.08), or extend any date for the payment of principal, interest or Fees hereunder or reduce any Fees payable hereunder or extend the final maturity of the Borrower’s obligations hereunder, (C) amend this Section 10.08
with the effect of changing the number or percentage of Lenders that must approve any modification, amendment, waiver or consent or (D) amend or modify the terms of Section 2.17(e) in any manner that would alter the pro rata sharing of
payments required thereby; 
 (ii) all of the Lenders, (A) amend or modify any provision of this Agreement which
provides for the unanimous consent or approval of the Lenders, (B) release all or substantially all of the Liens granted to the Collateral Agent hereunder or under any other Loan Document (except to the extent contemplated by
Section 6.09(c) on the date hereof or by the terms of the Collateral Documents), or release all or substantially all of the Guarantors (except to the extent contemplated by Section 9.05) or (C) amend or modify the definition of
“Required Lenders”; 

  
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 (iii) the Administrative Agent (such consent not to be unreasonably withheld or
denied) and each entity which becomes an initial Revolving Lender in order to increase the Revolving Commitment above $0; and 

(iv) all Revolving Lenders, change the definition of the term “Required Revolving Lenders” or the percentage of
Lenders which shall be required for Revolving Lenders to take any action hereunder. 
 (b) No such amendment or modification shall adversely
affect the rights and obligations of the Administrative Agent or any Issuing Lender hereunder without its prior written consent. 
 (c) No
notice to or demand on the Borrower or any Guarantor shall entitle the Borrower or any Guarantor to any other or further notice or demand in the same, similar or other circumstances. Each assignee under Section 10.02(b) shall be bound by any
amendment, modification, waiver, or consent authorized as provided herein, and any consent by a Lender shall bind any Person subsequently acquiring an interest on the Loans held by such Lender. No amendment to this Agreement shall be effective
against the Borrower or any Guarantor unless signed by the Borrower or such Guarantor, as the case may be. 
 (d) Notwithstanding anything
to the contrary contained in Section 10.08(a), (i) in the event that the Borrower requests that this Agreement be modified or amended in a manner which would require the unanimous consent of all of the Lenders or the consent of all Lenders
directly and adversely affected thereby or all the Lenders with respect to a certain class of Loans and, in each case, such modification or amendment is agreed to by the Required Lenders, Required Revolving Lenders or Required Class Lenders, as
applicable, or the relevant affected Lender, as the case may be, then the Borrower (A) may replace any non-consenting Lender with respect to all or a portion of its Loans or Commitments, as applicable, in
accordance with Section 10.02; provided that such amendment or modification can be effected as a result of the assignment contemplated by such Section (together with all other such assignments required by the Borrower to be made
pursuant to this clause (i)); provided, further, that any assignment made pursuant to this Section 10.08(d) shall be subject to the processing and recordation fee specified in Section 10.02(b)(ii)(D) or (B) upon notice to the
Administrative Agent, prepay the Loans and, at the Borrower’s option, terminate all or a portion of the Commitments of such non-consenting Lender in whole or in part, without premium or penalty, subject
to Sections 2.13(d) and 10.04(b) and reallocate the LC Exposure of such non-consenting Lender under Section 2.26(d) (as if such Lender were a Defaulting Lender); provided that all obligations
of the Borrower owing to the non-consenting Lender relating to such Commitments, Loans and participations so prepaid or terminated shall be paid in full by the Borrower to such
non-consenting Lender concurrently with such prepayment and termination; and provided, further, that no such termination of Commitments shall be permitted pursuant to this clause (B) if,
after giving effect thereto and to any Revolving Extension of Credit, any prepayment of any Loan and any maturity of any Letter of Credit on the effective date thereof, the aggregate principal amount of Revolving Loans then outstanding, when added
to the sum of the then outstanding LC Exposure (other than Commitments that have been Cash Collateralized in accordance with Section 2.02(j)), would exceed the Revolving Commitments then in effect; (ii) no Defaulting Lender shall have any
right to approve or disapprove any amendment, waiver 

  
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or consent hereunder, except that the Commitment of such Lender may not be increased or extended without the consent of such Lender (it being understood that the Commitment and the outstanding
Loans or other extensions of credit held or deemed held by any Defaulting Lender shall be excluded for a vote of the Lenders hereunder requiring any consent of the Lenders); (iii) notwithstanding anything to the contrary herein, any
modifications or amendments under any Increase Joinder entered into in connection with Section 2.27 or any Extension Amendment entered in accordance with Section 2.28 or any Replacement Loans entered into in accordance with
Section 10.08(e) may be made without the consent of the Required Lenders and (iv) if the Administrative Agent and the Borrower shall have jointly identified an obvious error or any error or omission of a technical or immaterial nature in
any provision of the Loan Documents, then the Administrative Agent and the Borrower shall be permitted to amend such provision and such amendment shall become effective without any further action or consent of any other party to any Loan Document if
the same is not objected to in writing by the Required Lenders within five (5) Business Days after written notice thereof to the Lenders. 

(e) Notwithstanding anything to the contrary contained in Section 10.08(a), this Agreement and, as appropriate, the other Loan Documents
may be amended with the written consent of the Administrative Agent, the Borrower and the Lenders providing the relevant Replacement Loans (as defined below) as may be necessary or appropriate in the reasonable opinion of the Administrative Agent
and the Borrower (x) to permit the refinancing, replacement or modification of all or a portion of the outstanding Term Loans of any tranche (“Refinanced Term Loans”) with a replacement term loan tranche (“Replacement
Term Loans”) or the refinancing, replacement or modification of all or a portion of the outstanding Revolving Loans of any tranche (“Refinanced Revolving Loans” and, together with the Refinanced Term Loans, the
“Refinanced Loans”) with a replacement revolving loan tranche (“Replacement Revolving Loans” and, together with the “Replacement Term Loans,” the “Replacement Loans”) hereunder and
(y) to include appropriately the Lenders holding such credit facilities in any determination of Required Lenders, Required Class Lenders, Required Term Lenders in Required Revolving Lenders, as applicable; provided that (a) the
aggregate principal amount of such Replacement Loans shall not exceed the aggregate principal amount of such Refinanced Loans, (b) the Applicable Margin for such Replacement Loans shall not be higher than the Applicable Margin for such
Refinanced Loans, (c) in the case of Replacement Term Loans, the Weighted Average Life to Maturity of such Replacement Term Loans shall not be shorter than the Weighted Average Life to Maturity of such Refinanced Term Loans at the time of such
refinancing (except to the extent of nominal amortization for periods where amortization has been eliminated as a result of prepayment of the applicable Term Loans) and (d) all other terms applicable to such Replacement Loans shall be
substantially identical to or less favorable to the Lenders providing such Replacement Loans than those applicable to the Lenders of such Refinanced Loans, except to the extent necessary to provide for covenants and other terms applicable to any
period after the Latest Maturity Date in effect immediately prior to such refinancing. Notwithstanding anything to the contrary set forth in this Agreement or the other Loan Documents, the Lenders hereby irrevocably authorize the Administrative
Agent to enter into amendments to this Agreement and the other Loan Documents with the Borrower as may be necessary in order to establish new tranches or sub-tranches in respect of Replacement Loans and such
technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Borrower in connection with the establishment of such Replacement Loans. 

  
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 (f) Notwithstanding anything to the contrary contained in Section 10.08(a), this Agreement
and, as appropriate, the other Loan Documents, may be amended (or amended and restated) with the written consent of the Required Lenders, the Administrative Agent and the Borrower (a) to add one or more additional credit facilities to this
Agreement (whether pursuant to Section 2.27 or otherwise) and to permit the extensions of credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement
and the other Loan Documents with the Term Loans and the Revolving Loans and the accrued interest and fees in respect thereof and (b) to include appropriately the Lenders holding such credit facilities in any determination of the Required
Lenders, Required Revolving Lenders and/or Required Term Lenders, as applicable. 
 (g) In addition, notwithstanding anything to the
contrary contained in Section 7.01 or Section 10.08(a), following the consummation of any Extension pursuant to Section 2.28, no modification, amendment or waiver (including, for the avoidance of doubt, any forbearance agreement
entered into with respect to this Agreement) shall limit the right of any non-extending Lender (each, a “Non-Extending Lender”) to enforce its
right to receive payment of amounts due and owing to such Non-Extending Lender on the applicable Revolving Facility Maturity Date and/or Term Loan Maturity Date, as the case may be, applicable to the Loans of
such Non-Extending Lenders without the prior written consent of Non-Extending Lenders that would constitute the Required Class Lenders with respect to any affected
Class of such Loans if the Non-Extending Lenders were the only Lenders hereunder at the time. 

(h) It is understood that the amendment provisions of this Section 10.08 shall not apply to extensions of the Revolving Facility Maturity
Date, the Term Loan Maturity Date or the maturity date of any tranche of Revolving Commitments, in each case, made in accordance with Section 2.28. 

(i) Notwithstanding anything to the contrary contained in Section 10.08(a), this Agreement and, as appropriate, the other Loan Documents,
may be amended (or amended and restated) by each Agent and the Borrower to comply with any collateral trust agreement entered into after the Closing Date among the Borrower, the other Grantors, the Administrative Agent, the collateral trustee party
thereto and the other financial institutions party thereto, including, without limitation, amending (or amending and restating) this Agreement and the other Loan Documents to provide for the assignment of the security interest in the Collateral from
the Collateral Agent to such collateral trustee. 
 (j) Notwithstanding anything to the contrary contained in Section 10.08(a), any
Collateral Document may be amended, supplemented or otherwise modified without the consent of any Lender (i) to add assets (or categories of assets) to the Collateral covered by such Collateral Document, as contemplated by the definition of
“Additional Collateral” set forth in Section 1.01 or (ii) to remove any asset or type or category of asset (including after-acquired assets of that type or category) from the Collateral
covered by such Collateral Document to the extent the release thereof is permitted by Section 6.09(c) or constitutes a Permitted Disposition. 

SECTION 10.09 Severability. To the extent permitted by applicable law, any provision of this Agreement held to be invalid, illegal
or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or 

  
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unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall
not invalidate such provision in any other jurisdiction. 
 SECTION 10.10 Headings. Section headings used herein are for
convenience only and are not to affect the construction of or be taken into consideration in interpreting this Agreement. 

SECTION 10.11 Survival. All covenants, agreements, representations and warranties made by the Borrower herein and in the
certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement and the making of
any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that any Agent, any Issuing Lender or any Lender may have had notice or knowledge of any Event of
Default or incorrect representation or warranty at the time any credit is extended hereunder. The provisions of Sections 2.14, 2.15, 2.16 and 10.04 and Article VIII shall survive and remain in full force and effect regardless of the
consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments, or the termination of this Agreement or any provision hereof. 

SECTION 10.12 Execution in Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by
different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement constitutes the entire contract among the parties relating to
the subject matter hereof and supersedes any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have
been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure
to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or electronic .pdf copy shall be effective as delivery of a manually executed
counterpart of this Agreement. 
 SECTION 10.13 USA Patriot Act. Each Lender that is subject to the requirements of the Patriot
Act hereby notifies the Borrower and each Guarantor that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies the Borrower and each Guarantor, which information includes the name
and address of the Borrower and each Guarantor and other information that will allow such Lender to identify the Borrower and each Guarantor in accordance with the Patriot Act. 

SECTION 10.14 New Value. It is the intention of the parties hereto that any provision of Collateral by a Grantor as a condition
to, or in connection with, the making of any Loan or the issuance of any Letter of Credit hereunder, shall be made as a contemporaneous exchange for new value given by the Lenders or Issuing Lenders, as the case may be, to the Borrower. 

  
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 SECTION 10.15 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED THEREBY (WHETHER BASED ON CONTRACT,
TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT 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 AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.15. 

SECTION 10.16 No Fiduciary Duty. Each Agent, each Lender and their Affiliates (collectively, solely for purposes of this
paragraph, the “Lenders”), may have economic interests that conflict with those of the Borrower, its stockholders and/or its affiliates. The Borrower agrees that nothing in the Loan Documents or otherwise related to the Transactions
will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any Lender, on the one hand, and the Borrower, its stockholders or its affiliates, on the other hand. The parties hereto acknowledge
and agree that (i) the transactions contemplated by the Loan Documents (including the exercise of rights and remedies hereunder and thereunder) are arm’s-length commercial transactions between the
Lenders, on the one hand, and the Borrower and the Guarantors, on the other hand, and (ii) in connection therewith and with the process leading thereto, (x) no Lender has assumed an advisory or fiduciary responsibility in favor of the
Borrower, its stockholders or its affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective of whether any Lender has advised, is
currently advising or will advise the Borrower, its stockholders or its affiliates on other matters) or any other obligation to the Borrower except the obligations expressly set forth in the Loan Documents and (y) each Lender is acting solely
as principal and not as the agent or fiduciary of the Borrower, its management, stockholders, affiliates, creditors or any other Person. The Borrower acknowledges and agrees that the Borrower has consulted its own legal and financial advisors to the
extent it deemed appropriate and that it is responsible for making its own independent judgment with respect to such transactions and the process leading thereto. The Borrower agrees that it will not claim that any Lender has rendered advisory
services of any nature or respect, or owes a fiduciary or similar duty to the Borrower, in connection with such transaction or the process leading thereto. 

SECTION 10.17 Lender Action. Each Lender agrees that it shall not take or institute any actions or proceedings, judicial or
otherwise, for any right or remedy against the Borrower, any Guarantor or any other obligor under any of the Loan Documents (including the exercise of any right of setoff, rights on account of any banker’s lien or similar claim or other rights
of self-help), or institute any actions or proceedings, or otherwise commence any remedial procedures, with respect to any Collateral or any other property of the Borrower or any Guarantor, unless expressly provided for herein or in any other Loan
Document, without the prior written consent of the Administrative Agent. The provisions of this Section 10.17 are solely as between the Lenders and shall not afford any right to, or constitute a defense available to, the Borrower or any
Guarantor and shall not limit any right or defense available to the Borrower or any Guarantor. 

  
 167 

 SECTION 10.18 Intercreditor Agreements. Notwithstanding anything to the contrary
contained in this Agreement, if at any time the Administrative Agent or the Collateral Agent shall enter into any Intercreditor Agreement, pursuant to and as permitted by the terms of this Agreement or any Other Intercreditor Agreement and such
Intercreditor Agreement or such Other Intercreditor Agreement shall remain outstanding, the rights granted to the Secured Parties hereunder and under the other Loan Documents, the Liens and security interest granted to the Collateral Agent pursuant
to this Agreement or any other Loan Document and the exercise of any right or remedy by any Agent hereunder or under any other Loan Document shall be subject to the terms and conditions of such Intercreditor Agreement or such Other Intercreditor
Agreement. In the event of any conflict between the terms of this Agreement, any other Loan Document and such Intercreditor Agreement or such Other Intercreditor Agreements, the terms of such Intercreditor Agreement or such Other Intercreditor
Agreement shall govern and control with respect to any right or remedy, and no right, power or remedy granted to any Agent hereunder or under any other Loan Document shall be exercised by such Agent, and no direction shall be given by such Agent, in
contravention of such Intercreditor Agreement or such Other Intercreditor Agreement 
 SECTION 10.19 Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges
that any liability of any Lender that is an EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and
consents to, and acknowledges and agrees to be bound by: 
 (a) the application of any Write-Down and Conversion Powers by an EEA Resolution
Authority to any such liabilities arising hereunder which may be payable to it by any Lender that is an EEA Financial Institution; and 

(b) the effects of any Bail-in Action on any such liability, including, if applicable: 

(i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial
Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such
liability under this Agreement or any other Loan Document; or 
 (iii) the variation of the terms of such liability in
connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority. 

  
 168 

 IN WITNESS WHEREOF, the signatories hereto have caused this Amended and Restated Credit and
Guaranty Agreement to be executed by their respective officers thereunto duly authorized as of the day and year first above written. 
  

					
	AMERICAN AIRLINES, INC., as the Borrower
		
	By:	 	 /s/ Thomas T. Weir

		 	Name:	 	Thomas T. Weir
		 	Title:	 	Vice President and Treasurer

  
 [Signature Page to
Amended and Restated Credit and Guaranty Agreement] 

 
					
	AMERICAN AIRLINES GROUP INC., as Parent and a Guarantor
		
	By:	 	 /s/ Thomas T. Weir

		 	Name:	 	Thomas T. Weir
		 	Title:	 	Vice President and Treasurer

  
 [Signature Page to
Amended and Restated Credit and Guaranty Agreement] 

 
					
	 CITIBANK, N.A., as Administrative Agent, Collateral Agent and Lender

		
	By:	 	 /s/ Matthew S. Burke

		 	Name:	 	Matthew S. Burke
		 	Title:	 	Vice President

  
 [Signature Page to
Amended and Restated Credit and Guaranty Agreement] 

 
					
	CITICORP NORTH AMERICA, INC., for purposes of the assignment and release set forth in Section 8.12
		
	By:	 	 /s/ Matthew S. Burke

		 	Name:	 	Matthew S. Burke
		 	Title:	 	Vice President

  
 [Signature Page to
Amended and Restated Credit and Guaranty Agreement] 

 ANNEX A 
  

					
	Lender	  	Class B Term Loan Commitment	 
		
	 Citibank, N.A.
	  	$	703,123,954.82	  
		
	 Converting 2013 Lenders
	  	$	546,876,045.18	  
		
	 Total
	  	$	1,250,000,000	  

 EXHIBIT A to 

CREDIT AND GUARANTY AGREEMENT 

ATTACHED 

 EXECUTION VERSION 
  

 
  

AMENDED AND RESTATED SLOT SECURITY AGREEMENT 

Dated as of December 15, 2016 

Between 
 THE GRANTORS
REFERRED TO HEREIN, 
 as Grantors, 

and 
 CITIBANK, N.A., 

as Administrative Agent and Collateral Agent 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 Section 1.
	 	 Definitions and Rules of Interpretation
	  	 	1	  
	 Section 2.
	 	 Grant of Security Interest
	  	 	1	  
	 Section 3.
	 	 Security for Obligations
	  	 	3	  
	 Section 4.
	 	 No Release
	  	 	3	  
	 Section 5.
	 	 Representations and Warranties
	  	 	4	  
	 Section 6.
	 	 Covenants
	  	 	5	  
	 Section 7.
	 	 Supplements, Further Assurances
	  	 	6	  
	 Section 8.
	 	 Provisions Concerning the Collateral
	  	 	7	  
	 Section 9.
	 	 Collateral Agent Appointed
Attorney-in-Fact
	  	 	7	  
	 Section 10.
	 	 Collateral Agent May Perform
	  	 	8	  
	 Section 11.
	 	 The Collateral Agent
	  	 	8	  
	 Section 12.
	 	 Events of Default; Remedies
	  	 	8	  
	 Section 13.
	 	 Application of Proceeds
	  	 	10	  
	 Section 14.
	 	 No Waiver; Discontinuance of Proceeding
	  	 	11	  
	 Section 15.
	 	 Non-Lender Secured Parties
	  	 	12	  
	 Section 16.
	 	 Amendments, Etc.
	  	 	14	  
	 Section 17.
	 	 Termination; Release
	  	 	14	  
	 Section 18.
	 	 No Legal Title to Collateral in Secured Party
	  	 	16	  
	 Section 19.
	 	 Sale of Collateral by Collateral Agent is Binding
	  	 	16	  
	 Section 20.
	 	 Benefit of Security Agreement
	  	 	16	  
	 Section 21.
	 	 Notices
	  	 	16	  
	 Section 22.
	 	 Successors and Assigns
	  	 	16	  
	 Section 23.
	 	 Governing Law
	  	 	17	  
	 Section 24.
	 	 Security Interest Absolute
	  	 	17	  
	 Section 25.
	 	 Severability of Provisions
	  	 	17	  
	 Section 26.
	 	 Headings
	  	 	17	  
	 Section 27.
	 	 Execution in Counterparts
	  	 	17	  
	 Section 28.
	 	 Survival of Representations and Warranties, etc.
	  	 	18	  
	 Section 29.
	 	 Conflicts with other Loan Documents
	  	 	18	  
	 Section 30.
	 	 Additional Grantors
	  	 	18	  
	 Section 31.
	 	 Additional Collateral
	  	 	18	  
			
	 Appendix A
	 	 Definitions Relating to the Slot Security Agreement
	  			
			
	 Exhibit A
	 	 Form of Transfer
	  			
	 Exhibit B
	 	 Form of Joinder Agreement
	  			
	 Exhibit C
	 	 Form of Slot Security Supplement
	  			
			
	 Schedule I
	 	 Schedule of Locations of Grantors
	  			
	 Schedule II
	 	 Schedule of Pledged Slots
	  			
	 Schedule III
	 	 Schedule of Pledged Gate Leaseholds
	  			

  
 i 

 AMENDED AND RESTATED SLOT SECURITY AGREEMENT dated as of December 15, 2016 (this
“Slot Security Agreement”), among AMERICAN AIRLINES, INC., a Delaware corporation (together with its successors and assigns, the “Borrower”), certain Affiliates (and their respective successors and assigns) of the
Borrower from time to time party hereto pursuant to Section 30 (together with the Borrower, the “Grantors”), and CITIBANK, N.A., as administrative agent and collateral agent for the Secured Parties (as hereinafter defined)
(together with any successor administrative agent appointed pursuant to Section 8.05 of the Credit Agreement (as hereinafter defined), the “Collateral Agent”). This Slot Security Agreement amends and restates in its entirety
the Slot, Gate and route Security Agreement dated as of May 23, 2013 (the “2013 Slot Security Agreement”) among the Borrower (as successor in interest to US Airways, Inc.), certain affiliates of the Borrower party thereto and
Citicorp North America, Inc., as administrative agent and collateral agent. 
 WITNESSETH: 

WHEREAS, the Borrower, the Affiliates of the Borrower party thereto, the several lenders from time to time party thereto (collectively,
the “Lenders”) and the Collateral Agent are parties to that certain Amended and Restated Credit and Guaranty Agreement dated as of December 15, 2016 (as amended, restated, supplemented or otherwise modified from time to time,
the “Credit Agreement”); 
 WHEREAS, to induce the Lenders to enter into the Credit Agreement, the Grantors and the
Collateral Agent have agreed to enter into this Slot Security Agreement; and 
 WHEREAS, the Collateral Agent and one or more
Additional Agents may in the future enter into one or more Intercreditor Agreements and/or Other Intercreditor Agreements. 
 NOW,
THEREFORE, in consideration of these premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 

Section 1. Definitions and Rules of Interpretation. For all purposes of this Slot Security Agreement, unless the context otherwise
requires, capitalized terms used but not defined herein have the respective meanings set forth in Appendix A hereto, or if not defined in Appendix A, the meanings set forth in the Credit Agreement. The parties to this Slot Security Agreement agree
that the rules of interpretation set out in Section 1.02 of the Credit Agreement shall apply to this Slot Security Agreement mutatis mutandis as if set out in this Slot Security Agreement. 

Section 2. Grant of Security Interest. Each Grantor hereby grants to the Collateral Agent, for itself and for the ratable benefit
of the Secured Parties, as security for the prompt payment in full when due of all payment Obligations and the performance and observance by each Grantor of all other Obligations, and in 

 
consideration of the premises and of the covenants herein contained, and for other good and valuable consideration the receipt and adequacy whereof are hereby acknowledged, each Grantor does
hereby grant, bargain, sell, assign, transfer, convey, mortgage and pledge unto the Collateral Agent, its successors and assigns, for itself and for the ratable security and benefit of the Secured Parties until released pursuant to Section 17
hereof, a Lien on and security interest in all estate, right, title and interest of such Grantor in, to and under all of the following described property, assets, rights, interests and privileges whether now owned or hereafter acquired, and wherever
located (which, collectively, including all property hereafter specifically subjected to the Lien of this Slot Security Agreement by any instrument supplemental hereto, are referred to herein as the “Collateral”): 

 

	 	(a)	its Pledged Slots; 

  

	 	(b)	its Pledged Gate Leaseholds; and 

  

	 	(c)	all Proceeds of the foregoing; 

 provided, however, that notwithstanding the
foregoing or any other provision of this Slot Security Agreement, (1) if a Transfer Restriction would be applicable to the pledge, grant or creation of a security interest in or mortgage on a Pledged Slot (other than any FAA Slots) or Pledged
Gate Leaseholds, then so long as such Transfer Restriction is in effect, this Slot Security Agreement shall not pledge, grant or create any security interest in or mortgage on, and the term “Collateral” shall not include any such asset,
right or property, and (2) if any Transfer Restriction applies to the transfer or assignment (other than the pledge, grant or creation of a security interest or mortgage) of any Collateral, any provision of this Slot Security Agreement
permitting the Collateral Agent to cause such Grantor to transfer or assign to it or any other Person any of such Collateral (and any right the Collateral Agent may have under applicable law to do so by virtue of the security interest and mortgage
pledged or granted to it under this Slot Security Agreement) shall be subject to such Transfer Restriction: provided, however, that following an Event of Default, at the direction of the Collateral Agent, such Grantor shall use
commercially reasonable efforts to obtain all approvals and consents that would be required to transfer or assign Collateral subject to such a Transfer Restriction referred to in clause (2) of the preceding proviso. It is the intent of the
parties hereto that the Collateral Agent shall have a perfected and first-priority Lien (subject only to Liens permitted by the Loan Documents) on the Pledged Slots and Pledged Gate Leaseholds and that the Collateral Agent shall be entitled to all
the rights, priorities and benefits afforded by the UCC as enacted in any relevant jurisdiction to perfected security interests therein. 

It is the intent of the parties hereto that the Liens granted pursuant to this Section 2 shall novate and replace the Liens granted
pursuant to the 2013 Slot Security Agreement. 
 Notwithstanding anything herein to the contrary, it is the understanding of the parties
hereto that the Liens granted pursuant to this Section 2 shall, prior to the 

  
 2 

 
Discharge of Additional Obligations that are Senior Priority Obligations, be pari passu and equal in priority to the Liens granted to any Additional Agent for the benefit of the holders of
the applicable Additional Obligations that are Senior Priority Obligations to secure such Additional Obligations that are Senior Priority Obligations pursuant to the applicable Additional Collateral Documents (except as may be separately otherwise
agreed between the Collateral Agent, on behalf of itself and the Secured Parties, and any Additional Agent, on behalf of itself and the Additional Credit Facility Secured Parties represented thereby). The Collateral Agent acknowledges and agrees
that, in the event that it enters into an Intercreditor Agreement or an Other Intercreditor Agreement, the relative priority of the Liens granted to the Collateral Agent, the Administrative Agent and any Additional Agent shall be determined solely
(as between the parties to such Intercreditor Agreement or Other Intercreditor Agreement and except as otherwise provided therein) pursuant to the applicable Intercreditor Agreements and Other Intercreditor Agreements, and not by priority as a
matter of law or otherwise. Notwithstanding anything herein to the contrary, the Liens granted to the Collateral Agent pursuant to this Slot Security Agreement and the exercise of any right or remedy by the Collateral Agent hereunder are subject to
the provisions of the applicable Intercreditor Agreements and Other Intercreditor Agreements. In the event of any conflict between the terms of any Intercreditor Agreement or any Other Intercreditor Agreement and this Slot Security Agreement, the
terms of such Intercreditor Agreement or Other Intercreditor Agreement, as applicable, shall govern and control as among (i) the Collateral Agent and any Additional Agent, in the case of the Intercreditor Agreement, and (ii) the Collateral
Agent and any other secured creditor (or agent therefor) party thereto, in the case of any Other Intercreditor Agreement. In the event of any such conflict, the Grantors may act (or omit to act) in accordance with such Intercreditor Agreement or
such Other Intercreditor Agreement, as applicable, and shall not be in breach, violation or default of its obligations hereunder by reason of doing so. Notwithstanding any other provision hereof, for so long as any Additional Obligations that are
Senior Priority Obligations remain outstanding, any obligation hereunder to deliver, transfer or assign to the Collateral Agent any Collateral shall be satisfied by causing such Collateral to be delivered, transferred or assigned to the applicable
Senior Priority Representative to be held in accordance with the Intercreditor Agreement. 
 Section 3. Security for
Obligations. This Slot Security Agreement secures, and the Collateral is collateral security for, the Obligations. 
 Section 4.
No Release. Nothing set forth in this Slot Security Agreement shall relieve any Grantor from the performance of any term, covenant, condition or agreement on such Grantor’s part to be performed or observed under or in respect of any of
the Collateral or from any liability to any Person under or in respect of any of the Collateral or impose any obligation on the Collateral Agent or any Secured Party to perform or observe any such term, covenant, condition or agreement on such
Grantor’s part to be so performed or observed or impose any liability on the Collateral Agent or any Secured Party for any act or omission on the part of such Grantor relating thereto or for any breach of any representation or warranty on the
part of such Grantor contained in this Slot Security Agreement, or in respect of the Collateral or made in connection herewith or therewith. This Section 4 shall survive the termination of this Slot Security Agreement and the discharge of such
Grantor’s other obligations hereunder and under the Loan Documents. 

  
 3 

 Section 5. Representations and Warranties. Each Grantor represents and warrants that
as of the date hereof: 
 (a) Except with respect to Pledged Gate Leaseholds, all filings necessary or reasonably requested by the
Collateral Agent to create or perfect the security interests granted by each Grantor to the Collateral Agent for the benefit of the Secured Parties in respect of the Collateral as of the Closing Date have been accomplished by such Grantor. As of the
Closing Date, the security interests granted to the Collateral Agent for the benefit of the Secured Parties pursuant to this Slot Security Agreement in and to the Collateral constitute a perfected security interest (except that, in the case of
Pledged Gate Leaseholds, such security interest may not be perfected to the extent perfection of such security interest requires the recordation or filing of leasehold mortgages, fixture filings or similar instruments) therein superior and prior to
the rights of all other Persons therein (and subject to the Federal Aviation Act and/or the ability of the FAA, the DOT, any Airport Authority or any other Governmental Authority to withdraw or retire Pledged Slots pursuant to the Federal Aviation
Act or other applicable law). The Collateral Agent is entitled with respect to such perfected security interest to all the rights, priorities and benefits afforded by the UCC as enacted in any relevant jurisdiction to perfected security interests.

 (b) There are no filings, registrations or recordings necessary to create or perfect the security interests granted by such Grantor to
the Collateral Agent for the benefit of the Secured Parties in respect of the Collateral under Title 49. 
 (c) Except for filings in
respect of Liens which have been satisfied, such Grantor has not filed or consented to the filing of any financing statement or analogous document under the UCC or any other applicable laws covering its Collateral, which financing statement or
analogous document, assignment, security agreement or similar instrument is still in effect. 
 (d) The Grantor is organized under the laws
of the state listed opposite such Grantor’s name on Schedule I hereto or on an applicable Slot Security Agreement Supplement and the Grantor is a registered organization located in such state for purposes of
Section 9-307 of the NY UCC. 
 (e) Set forth on Schedule II is a true, correct and
complete list of such Grantor’s Slots that are included in the Collateral as Pledged Slots as of the Closing Date. Such Grantor holds the Pledged Slots pursuant to authority granted by the applicable Governmental Authorities, and there exists
no material violation of the terms, conditions or limitations of any rule, regulation or order of the applicable Governmental Authorities regarding such Pledged Slots or any provisions of law applicable to such Pledged Slots that gives any
applicable Governmental Authority the right to terminate, cancel, withdraw or modify in any material respect the rights of such Grantor in any such Pledged Slots; provided, that it is acknowledged that the FAA, the DOT and/or any other

  
 4 

 
applicable Governmental Authority may have such rights regardless of whether or not any Grantor has complied with or violated such terms, conditions, limitations or provisions and whether or not
any such violation was material. 
 (f) Set forth on Schedule III is a true, correct and complete list of each Grantor’s Gate
Leaseholds that are included in the Collateral as Pledged Gate Leaseholds as of the Closing Date. Each Grantor is utilizing the Pledged Gate Leaseholds as required by the applicable Governmental Authority or Airport Authority and in a manner
consistent with applicable rules, regulations, laws and contracts in order to preserve its right to hold and use such Pledged Gate Leaseholds. No Grantor has received any notice from any Governmental Authority or Airport Authority or is aware of any
other event or circumstance that would be reasonably likely to impair the Pledged Gate Leaseholds or the value thereof. 
 (g) All
information set forth herein relating to the Collateral of such Grantor is accurate in all material respects as of the date hereof. 
 (h)
Except for Transfer Restrictions and matters that would not reasonably be expected to result in a Material Adverse Effect, no consent of any other party (including, without limitation, stockholders or creditors of such Grantor), and no consent,
authorization, approval, or other action by, and (except in connection with the perfection of the Lien created hereby) no notice to or filing with, any Governmental Authority or other Person is required either (x) for the pledge by such Grantor
of the Collateral pursuant to this Slot Security Agreement or for the execution, delivery or performance of this Slot Security Agreement or (y) for the exercise by the Collateral Agent of the rights provided for in this Slot Security Agreement
or the remedies in respect of the Collateral pursuant to this Slot Security Agreement (except for matters relating to judicial proceedings), provided, that, (A) the transfer of FAA Slots (including pursuant to an exercise of remedies)
may be subject to approval or confirmation by the FAA and, if applicable, other Governmental Authorities and Airport Authorities, and (B) the pledge or transfer of Gate Leaseholds may be subject to the consent of an Airport Authority, relevant
aviation authority, airport operator, air carrier or other lessor (it being understood that the grant of the security interests hereunder does not constitute a “transfer” of the relevant asset described in clauses (A) and (B)). 

(i) This Slot Security Agreement is made with full recourse to each Grantor and pursuant to and upon all the warranties, representations,
covenants and agreements on the part of each Grantor contained herein. 
 Section 6. Covenants. Each Grantor covenants, as
follows: 
 (a) Such Grantor shall use commercially reasonable efforts to defend the Collateral against any and all claims and demands of
all Persons (and subject to the Federal Aviation Act and/or the ability of the FAA, the DOT, any other Governmental Authority or any Airport Authority to withdraw Pledged Slots pursuant to the Federal Aviation Act or other applicable law) at any
time claiming any interest therein adverse to the Collateral Agent or any Secured Party (other than Permitted Liens), subject in the 

  
 5 

 
case of any claims or demands of the FAA, the DOT or any other Governmental Authority or Airport Authority, to such Grantor’s good faith business judgment as to the extent and nature of any
such defense; provided that, for the avoidance of doubt, such Grantor’s only obligations with respect to any Transfer Restriction described in the first proviso of Section 2 shall be as stated in the second proviso of
Section 2. 
 (b) Such Grantor shall not execute or authorize to be filed in any public office any financing statement (or similar
statement or instrument of registration under the law of any jurisdiction intended to provide notice of a Lien) relating to the Collateral of such Grantor, except financing statements (or similar statements or instruments of registration under the
law of any jurisdiction) filed or to be filed in respect of and covering any security interest granted hereby and except with respect to Permitted Liens. 

(i) Each Grantor shall give to the Collateral Agent timely notice (but in any event not later than 15 days prior to
the expiration of the period of time specified under applicable law to prevent lapse of perfection) of any (a) change in its jurisdiction of incorporation, or (b) change in its name, identity or organizational structure to such an extent
that any UCC financing statement filed by the Collateral Agent in connection with this Slot Security Agreement would become materially misleading; and such Grantor shall, in each case, provide such other information in connection therewith as the
Collateral Agent may reasonably request and shall take all action reasonably requested by and reasonably satisfactory to the Collateral Agent to maintain the perfection and priority of the security interest of the Collateral Agent on behalf of the
Secured Parties in the Collateral intended to be granted hereby. 
 (c) In order to facilitate a subsequent transfer, if any, of Pledged
Slots that are DCA Slots held by the Grantors, each Grantor will, on or prior to the Closing Date, execute a blank, undated transfer document in the form of Exhibit A hereto for such Pledged Slots held by such Grantor as of the Closing Date to be
held in escrow by the Collateral Agent until (A) the exercise of remedies by the Collateral Agent under Section 12 hereof or (B) the termination of, or release of any such Pledged Slots from, the Liens of this Slot Security Agreement
in accordance with the terms hereof. 
 Section 7. Supplements, Further Assurances. Each Grantor agrees that at any time and
from time to time, at the reasonable expense of such Grantor, such Grantor will promptly execute, acknowledge and deliver all further security documents, instruments, certificates, notices and other documents, and take all further action, in each
case, that the Collateral Agent may reasonably request in order to create, perfect, protect, assure and enforce any security interest granted or purported to be granted hereby under the laws of the United States or any state thereof or, after the
occurrence and during the continuance of an Event of Default, to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder or under the Loan Documents to which it is a party with respect to any Collateral of such Grantor,
provided, however, that no recording or filing of any leasehold mortgage or any interest in real property or fixtures shall be required and no consents shall be required to be obtained from any third party, including any Airport
Authority as long as no Event of Default shall have occurred and be continuing. 

  
 6 

 Section 8. Provisions Concerning the Collateral. 

(a) (i) Each Grantor hereby authorizes the Collateral Agent, at any time and from time to time, to prepare, file or record such financing
statements which reasonably describe the Collateral and amendments thereto, as may from time to time be required or necessary to grant, continue and maintain a valid, enforceable, first priority security interest (subject only to Liens permitted by
the Loan Documents) in the Collateral (other than any real property or fixtures security interest) of such Grantor as provided herein (to the extent such perfection and priority can be obtained by filing a UCC financing statement), all in accordance
with the UCC as enacted in any and all relevant jurisdictions or any other relevant law of the United States or any state thereof. Each Grantor shall pay any applicable filing fees and other reasonable out-of-pocket expenses related to the filing of such financing statements and amendments thereto or the expenses for other action taken to perfect the security interest granted hereunder. No Grantor shall be
required to seek a memorandum of lease or leasehold mortgage or similar instrument or filing with respect to Pledged Gate Leaseholds. 

(ii) The Grantor shall deliver or cause to be delivered once in each calendar year concurrent with the delivery pursuant to
Section 5.06(1) of the Credit Agreement of the applicable Appraisal relating to the Pledged Slots, and may from time to time deliver or cause to be delivered, to the Collateral Agent an updated Schedule II to replace the then-existing Schedule
II to reflect (1) the release of any Pledged Slots from the security interest granted hereunder in connection with a Disposition permitted under the Credit Agreement and (2) the addition of any Slots as Collateral in accordance with the
Credit Agreement; provided that the Grantor shall not be required to deliver or cause to be delivered an updated Schedule II in accordance with this Section 8(a)(ii) if none of the events described in clauses (1) or (2) above that may
have occurred affects the information in such Schedule since an updated version of such Schedule was previously delivered in accordance with this Section 8(a)(ii) or pursuant to Section 31 or, if no updated version of such Schedule has yet been
delivered in accordance with this Section 8(a)(ii), since the date of this Slot Security Agreement, in each case, such that the Pledged Slots are not reasonably identifiable by reference to Schedule II. 

(b) Notwithstanding anything to the contrary herein contained, each Grantor shall be entitled to transfer, sell, lease, trade, exchange or
otherwise dispose of its Pledged Slots and Pledged Gate Leaseholds subject to the terms of the Credit Agreement. 
 Section 9.
Collateral Agent Appointed Attorney-in-Fact. Each Grantor hereby appoints the Collateral Agent as such Grantor’s attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time in the Collateral Agent’s discretion solely upon the
occurrence and during the continuation of an Event of Default, and in accordance with and subject to any Intercreditor Agreement and any Other Intercreditor Agreement, to take any action and to execute any instrument which the Collateral Agent may
reasonably deem necessary or advisable to accomplish the purposes of this Slot Security Agreement, which appointment as attorney-in-fact is coupled with an interest.

  
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 Section 10. Collateral Agent May Perform. If any Grantor fails to perform any
agreement contained herein within a reasonable time after receipt of a written request to do so from the Collateral Agent, upon five (5) Business Days prior written notice, the Collateral Agent may itself perform, or cause performance of, such
agreement, and the reasonable expenses of the Collateral Agent, including, without limitation, the reasonable fees and out-of-pocket expenses of its counsel, incurred in
connection therewith, shall be payable by such Grantor in accordance with Section 10.04 of the Credit Agreement and shall be considered Obligations. 

Section 11. The Collateral Agent. 

(a) Citicorp North America, Inc., as collateral agent under the 2013 Slot Security Agreement, assigns all of its rights, interests and
obligations under the 2013 Slot Security Agreement to the Collateral Agent and the Collateral Agent hereby assumes all such rights, interests and obligations. 

(b) It is expressly understood and agreed by the parties hereto, and each Secured Party, by accepting the benefits of this Slot Security
Agreement, acknowledges and agrees, that the obligations of the Collateral Agent as holder of the Collateral and interests therein and with respect to the disposition thereof, and otherwise under this Slot Security Agreement, are only those
expressly set forth in this Slot Security Agreement. The Collateral Agent shall act hereunder on the terms and conditions set forth in the Credit Agreement. In the event of any express conflict between the terms of this Slot Security Agreement and
the terms of the Credit Agreement, the Credit Agreement shall control and govern, provided that this provision shall not be interpreted in any way to affect any rights expressly provided to the Secured Parties under this Slot Security Agreement
unless such rights are expressly prohibited or restricted under the Credit Agreement. 
 Section 12. Events of Default;
Remedies. 
 (a) If any Event of Default shall have occurred and be continuing, then and in every such case, subject to any
Intercreditor Agreement or Other Intercreditor Agreement, the Collateral Agent may at any time or from time to time during the continuance of such Event of Default: 

(i) Declare the entire right, title and interest of the Grantors in and to the Collateral vested, subject to any requirements
imposed by applicable law or by the DOT, the FAA or applicable Governmental Authority and/or Airport Authority, in which event such rights, title and interest shall immediately vest in the Collateral Agent, in which case each Grantor agrees to
execute and deliver such deeds of conveyance, assignments and other documents or instruments as shall be reasonably requested by the Collateral Agent in order to effectuate the transfer of such Collateral, together with any other rights of each

  
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Grantor with respect thereto, to any designee or designees selected by the Collateral Agent and approved by all necessary Governmental Authorities and Airport Authorities (provided that if
any of the foregoing is not permitted under applicable law or by the DOT, the FAA or applicable Governmental Authority and/or Airport Authority, the Collateral Agent for the benefit of the Secured Parties shall nevertheless continue to have all of
each Grantor’s right, title and interest in and to all of the proceeds (of any kind) received or to be received by each Grantor upon the transfer or other disposition of such Collateral); it being understood that each Grantor’s obligation
to deliver such Collateral and such documents and instruments with respect thereto, subject to the aforesaid limitations, is of the essence of this Slot Security Agreement and that, accordingly, upon application to a court of equity having
jurisdiction, the Collateral Agent shall be entitled to a decree requiring specific performance by each Grantor of said obligations; 

(ii) Sell or otherwise liquidate, or direct the Grantors to sell or otherwise liquidate, any or all of the Collateral or any
part thereof, subject to any requirements imposed on such sale or liquidation by the Federal Aviation Act, the FAA, the DOT, any Airport Authority or any other Governmental Authority and take possession of the Proceeds of any such sale or
liquidation. 
 (b) If any Event of Default shall have occurred and be continuing, the Collateral Agent may from time to time exercise in
respect of the Collateral, in addition to other rights and remedies provided for herein or otherwise available to it, and to the extent not in violation of applicable law, including Title 14, Title 49 and the DOT or FAA orders, regulations
or requirements issued pursuant thereto, and subject to the approval of all necessary Governmental Authorities and Airport Authorities, all the rights and remedies of a secured party on default under the UCC in effect in all relevant jurisdictions
at the time of such Event of Default, and the Collateral Agent may also in its sole discretion, without notice except as specified below, sell the Collateral or any part thereof in one or more parcels at public or private sale, at any exchange,
broker’s board or at any of the Collateral Agent’s offices or elsewhere, for cash, on credit or for future delivery, and at such price or prices and upon such other terms as the Collateral Agent may deem commercially reasonable. To the
extent not inconsistent with Title 14, Title 49 and the DOT or FAA orders, regulations or requirements issued pursuant thereto, and any additional requirements of the applicable Governmental Authorities and/or Airport Authorities, the
Collateral Agent or any other Secured Party may be the purchasers of any or all of the Collateral at any such public sale and shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion
of the Collateral sold at such sale, to use and apply any of the Obligations owed to such Person as a credit on account of the purchase price of any Collateral payable by such Person at such sale. Each purchaser at any such sale shall acquire the
property sold absolutely free from any claim or right on the part of any Grantor, and any Grantor hereby waives, to the fullest extent permitted by law, all rights of redemption, stay or appraisal which it now has or may at any time in the future
have under any rule of law or statute now existing or hereafter enacted. Each Grantor agrees that, to the extent notice of sale shall be required by law, at least ten (10) days’ notice to any Grantor of the

  
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time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification. The Collateral Agent shall not be obligated to make any sale of
Collateral regardless of notice of sale having been given. The Collateral Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the
time and place to which it was so adjourned. Each Grantor hereby waives, to the fullest extent permitted by law, any claims against the Collateral Agent arising by reason of the fact that the price at which any Collateral may have been sold at such
a private sale was less than the price which might have been obtained at a public sale. 
 (c) Except as otherwise provided herein, each
Grantor hereby waives, to the fullest extent permitted by applicable law, notice or judicial hearing in connection with the Collateral Agent’s taking possession or the Collateral Agent’s disposition of any of the Collateral, including,
without limitation, any and all prior notice and hearing for any prejudgment remedy or remedies and any such right which such Grantor would otherwise have under law, and each Grantor hereby further waives to the fullest extent permitted by
applicable law: (i) all damages occasioned by such taking of possession; (ii) all other requirements as to the time, place and terms of sale or other requirements with respect to the enforcement of the Collateral Agent’s rights hereunder;
and (iii) all rights of redemption, appraisement, valuation, stay, extension or moratorium now or hereafter in force under any applicable law. Any sale of, or the grant of options to purchase, or any other realization upon, any Collateral shall
operate to divest all right, title, interest, claim and demand, either at law or in equity, of Grantors therein and thereto, and shall be a perpetual bar both at law and in equity against each Grantor and against any and all Persons claiming or
attempting to claim the Collateral so sold, optioned or realized upon, or any part thereof, from, through and under each Grantor. 

(i) In connection with any foreclosure, collection, sale or other enforcement of Liens granted to the Collateral Agent in this
Slot Security Agreement, each Grantor will cooperate in good faith with the Collateral Agent or its designee in obtaining all regulatory licenses, consents and other governmental approvals necessary or (in the opinion of the Collateral Agent or its
designee) desirable to conduct all aviation operations with respect to the Collateral and will, at the request of the Collateral Agent and in good faith, continue to operate and manage the Collateral and maintain all applicable regulatory licenses
with respect to the Collateral until such time as the Collateral Agent or its designee obtain such licenses, consents and approvals, and at such time such Grantor will cooperate in good faith with the transition of the aviation operations with
respect to the Collateral to any new aviation operator (including, without limitation, the Collateral Agent or its designee). 

Section 13. Application of Proceeds. Subject to the terms of the Credit Agreement and each applicable Intercreditor Agreement and
Other Intercreditor Agreement: 
 (a) Any cash held by or on behalf of the Collateral Agent and all cash Proceeds received by or on behalf
of the Collateral Agent in respect of any sale of, 

  
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collection from, or other realization upon all or any part of the Collateral pursuant to the exercise by the Collateral Agent of its remedies as a secured party pursuant to Section 12 of
this Slot Security Agreement shall be promptly transferred by the Collateral Agent to the Administrative Agent in accordance with the payment instructions specified in Section 2.17(a) of the Credit Agreement for application in accordance with the
priority of payments set forth in Section 2.17(b) thereof. Any surplus of such cash or cash Proceeds held by the Administrative Agent and remaining after payment in full of the Obligations shall be paid over to the applicable Grantor or to whomever
may be lawfully entitled to receive such surplus. 
 (b) It is understood that the Grantor shall remain liable to the extent of any
deficiency between the amount of the proceeds of the Collateral and the aggregate amount of the outstanding Obligations. 
 Section 14.
No Waiver; Discontinuance of Proceeding. 
 (a) Each and every right, power and remedy hereby specifically given to the Collateral
Agent or otherwise in this Slot Security Agreement shall be cumulative and shall be in addition to every other right, power and remedy specifically given under this Slot Security Agreement or the other Loan Documents now or hereafter existing at
law, in equity or by statute and each and every right, power and remedy whether specifically herein given or otherwise existing may be exercised from time to time or simultaneously and as often and in such order as may be deemed expedient by the
Collateral Agent. All such rights, powers and remedies shall be cumulative and the exercise or the beginning of the exercise of one shall not be deemed a waiver of the right to exercise any other or others. No delay or omission of the Collateral
Agent in the exercise of any such right, power or remedy and no renewal or extension of any of the Obligations shall impair any such right, power or remedy or shall be construed to be a waiver of any Default or Event of Default or an acquiescence
therein. No notice to or demand on the Grantors in any case shall entitle them to any other or further notice or demand in similar or other circumstances or constitute a waiver of any of the rights of the Collateral Agent to any other or further
action in any circumstances without notice or demand. In the event that the Collateral Agent shall bring any suit to enforce any of its rights hereunder and shall be entitled to judgment, then in such suit the Collateral Agent may recover reasonable
expenses, including reasonable attorneys’ fees and expenses, and the amounts thereof shall be included in such judgment. 
 (b) In the
event the Collateral Agent shall have instituted any proceeding to enforce any right, power or remedy under this Slot Security Agreement by foreclosure, sale, entry or otherwise, and such proceeding shall have been discontinued or abandoned for any
reason or shall have been determined adversely to the Collateral Agent, then and in every such case each Grantor, the Collateral Agent and each holder of any of the Obligations shall to the extent permitted by applicable law be restored to its
respective former positions and rights hereunder with respect to the Collateral, and all rights, remedies and powers of the Collateral Agent and the Secured Parties shall continue as if no such proceeding had been instituted. 

  
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 Section 15. Non-Lender Secured Parties. 

(a) The Non-Lender Secured Parties shall not have any right whatsoever to do any of the following:
(A) exercise any rights or remedies with respect to the Collateral or to direct the Collateral Agent to do the same, including, without limitation, the right to (1) enforce any Liens or sell or otherwise foreclose on any portion of the
Collateral, (2) request any action, institute any proceedings, exercise any voting rights, give any instructions, make any election or make collections with respect to all or any portion of the Collateral or (3) release any Grantor under
this Slot Security Agreement or release any Collateral from the Liens of any Collateral Document or consent to or otherwise approve any such release; (B) demand, accept or obtain any Lien on any Collateral (except for Liens arising under, and
subject to the terms of, this Slot Security Agreement); (C) vote in any Bankruptcy Case or similar proceeding in respect of Parent or any of its Subsidiaries (any such proceeding, for purposes of this clause (a), a “Bankruptcy”)
with respect to, or take any other actions concerning the Collateral; (D) receive any proceeds from any sale, transfer or other disposition of any of the Collateral (except in accordance with this Slot Security Agreement); (E) oppose any sale,
transfer or other disposition of the Collateral; (F) object to any debtor-in-possession financing in any Bankruptcy which is provided by one or more Lenders among
others (including on a priming basis under Section 364(d) of the Bankruptcy Code); (G) object to the use of cash collateral in respect of the Collateral in any Bankruptcy; or (H) seek, or object to the Lenders, the Administrative Agent or
the Collateral Agent seeking on an equal and ratable basis, any adequate protection or relief from the automatic stay with respect to the Collateral in any Bankruptcy. 

(b) Each Non-Lender Secured Party, by its acceptance of the benefits of this Slot Security Agreement
and the other Collateral Documents, agrees that in exercising rights and remedies with respect to the Collateral, the Collateral Agent and the Lenders, with the consent of the Collateral Agent, may enforce the provisions of the Collateral Documents
and exercise remedies thereunder and under any other Loan Documents (or refrain from enforcing rights and exercising remedies), all in such order and in such manner as they may determine in the exercise of their sole business judgment and subject to
the terms of any Intercreditor Agreement and any Other Intercreditor Agreement. Such exercise and enforcement shall include, without limitation, the rights to collect, sell, dispose of or otherwise realize upon all or any part of the Collateral, to
incur expenses in connection with such collection, sale, disposition or other realization and to exercise all the rights and remedies of a secured lender under the UCC. The Non-Lender Secured Parties by their
acceptance of the benefits of this Slot Security Agreement and the other Collateral Documents hereby agree not to contest or otherwise challenge any such collection, sale, disposition or other realization of or upon all or any of the Collateral.
Whether or not a Bankruptcy Case has been commenced, the Non-Lender Secured Parties shall be deemed to have consented to any sale or other disposition of any property, business or assets of Parent or any of
its Subsidiaries and the release of any or all of the Collateral from the Liens of any Collateral Document in connection therewith. 
 (c)
Notwithstanding any provision of this Section 15, the Non-Lender Secured Parties shall be entitled, subject to any Intercreditor Agreement and any Other 

  
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Intercreditor Agreement, to file any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleadings (A) in order to prevent
any Person from seeking to foreclose on the Collateral or supersede the Non-Lender Secured Parties’ claim thereto or (B) in opposition to any motion, claim, adversary proceeding or other
pleading made by any Person objecting to or otherwise seeking the disallowance of the claims of the Non-Lender Secured Parties. Each Non-Lender Secured Party, by its
acceptance of the benefits of this Slot Security Agreement, agrees to be bound by and to comply with any Intercreditor Agreement and any Other Intercreditor Agreement and authorizes the Collateral Agent to enter into the Intercreditor Agreements and
Other Intercreditor Agreements on its behalf. 
 (d) Each Non-Lender Secured Party, by its
acceptance of the benefits of this Slot Security Agreement, agrees that the Collateral Agent and the Lenders may deal with the Collateral, including any exchange, taking or release of Collateral, may change or increase the amount of the Obligations,
and may release any Grantor from its Obligations hereunder, all without any liability or obligation (except as may be otherwise expressly provided herein) to the Non-Lender Secured Parties. 

(e) Each Non-Lender Secured Party, by its acceptance of the benefits of this Slot Security Agreement
and the other Collateral Documents, shall be deemed irrevocably to make, constitute and appoint the Collateral Agent, as agent under the Credit Agreement (and all officers, employees or agents designated by the Collateral Agent) as such
Person’s true and lawful agent and attorney-in-fact, and in such capacity, the Collateral Agent shall have the right, with power of substitution for the Non-Lender Secured Parties and in each such Person’s name or otherwise, to effectuate any sale, transfer or other disposition of the Collateral. It is understood and agreed that the appointment of the
Collateral Agent as the agent and attorney-in-fact of the Non-Lender Secured Parties for the purposes set forth herein is coupled
with an interest and is irrevocable. It is understood and agreed that the Collateral Agent has appointed the Administrative Agent as its agent for purposes of perfecting certain of the security interests created hereunder and for otherwise carrying
out certain of its obligations hereunder. 
 (f) To the maximum extent permitted by law, each
Non-Lender Secured Party waives any claim it might have against the Collateral Agent or the Lenders with respect to, or arising out of, any action or failure to act or any error of judgment, negligence, or
mistake or oversight whatsoever on the part of the Collateral Agent or the Lenders or their respective directors, officers, employees or agents with respect to any exercise of rights or remedies under the Loan Documents or any transaction relating
to the Collateral (including, without limitation, any such exercise described in Section 15(b)), except for any such action or failure to act that constitutes willful misconduct or gross negligence of such Person. To the maximum extent permitted by
applicable law, none of the Collateral Agent or any Lender or any of their respective directors, officers, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall
be under any obligation to sell or otherwise dispose of any Collateral upon the request of Parent, any Subsidiary of Parent, any Non-Lender Secured Party or any other Person or to take any other action or
forbear 

  
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from doing so whatsoever with regard to the Collateral or any part thereof, except for any such action or failure to act that constitutes willful misconduct or gross negligence of such Person.

 Section 16. Amendments, Etc. This Slot Security Agreement may not be amended, modified or waived except with the written
consent of each Grantor and the Collateral Agent (acting pursuant to and in accordance with the terms of Section 10.08 of the Credit Agreement). Any amendment, modification or supplement of or to any provision of this Slot Security Agreement,
any termination or waiver of any provision of this Slot Security Agreement and any consent to any departure by any Grantor from the terms of any provision of this Slot Security Agreement shall be effective only in the specific instance and for the
specific purpose for which made or given. For the avoidance of doubt, it is understood and agreed that any amendment, amendment and restatement, waiver, supplement or other modification of or to any Intercreditor Agreement or any Other Intercreditor
Agreement that would have the effect, directly or indirectly, through any reference herein to any Intercreditor Agreement or any Other Intercreditor Agreement or otherwise, of waiving, amending, supplementing or otherwise modifying this Slot
Security Agreement, or any term or provision hereof, or any right or obligation of any Grantor hereunder or in respect hereof, shall not be given such effect except pursuant to a written instrument executed by such Grantor and the Collateral Agent
in accordance with this Section 16. Notwithstanding the foregoing, the Grantors may cause the Schedules hereto to be amended, supplemented or otherwise modified without the consent of any Person in order to (i) evidence the addition of
Collateral pursuant to Section 31 or the release of Collateral pursuant to Section 17, or (ii) otherwise evidence the release or addition of Collateral in accordance with this Slot Security Agreement and the Credit Agreement. 

Section 17. Termination; Release. 

(a) At such time as the Obligations (other than any contingent indemnification Obligations for which no demand has been made and any
Obligations owing to a Non-Lender Secured Party) then due and owing shall have been paid in full, the Commitments under the Credit Agreement have been terminated and no Letters of Credit shall be outstanding
(except for Letters of Credit that have been cash collateralized or otherwise provided for in a manner reasonably satisfactory to the Administrative Agent), all Collateral shall be automatically released from the Liens created hereby, and this Slot
Security Agreement and all obligations (other than those expressly stated to survive such termination) of the Collateral Agent and each Grantor shall automatically terminate, all without delivery of any instrument or performance of any act by any
party, and all rights to the Collateral shall revert to the applicable Grantor. At the request and sole expense of any Grantor following any such termination, the Collateral Agent shall promptly execute, acknowledge and deliver to such Grantor such
releases, instruments or other documents (including without limitation UCC termination statements), and do or cause to be done all other acts, as such Grantor shall reasonably request to evidence such termination. 

  
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 (b) Upon any Permitted Disposition of Collateral (whether by way of the sale of assets or the
sale of Capital Stock of a Grantor of Collateral) of the type described in items (1), (2) (provided the requirements set forth in the first proviso to such section are satisfied), (4) and (5) of the definition of “Permitted
Disposition” or any other type of Permitted Disposition involving divestiture of any Grantor’s title to the related Collateral under the Credit Agreement, the Lien pursuant to this Slot Security Agreement on such sold or disposed of
Collateral shall be automatically released. In connection with any other Disposition of Collateral not covered by the preceding sentence (whether by way of the sale of assets or the sale of Capital Stock of a Grantor of such Collateral) permitted
under the Credit Agreement, the Collateral Agent shall, upon receipt from such Grantor of a written request for the release of the Collateral subject to such sale or other disposition (or in the case of a sale of Capital Stock of such Grantor, the
release of such Grantor’s Collateral), at such Grantor’s sole cost and expense, promptly execute, acknowledge and deliver to such Grantor such releases, instruments or other documents (including without limitation UCC termination
statements and any amendment or modification of this Slot Security Agreement pursuant to a Slot Security Supplement or otherwise), and do or cause to be done all other acts, as such Grantor shall reasonably request to evidence or effect the release
of the Liens created hereby (if any) on such Collateral. 
 (c) If the Borrower or any other Grantor requests release documentation with
respect to any Collateral released as provided in this Section 17, including without limitation UCC termination statements, any amendment or modification of this Slot Security Agreement pursuant to a Slot Security Supplement or otherwise, or
other release-related documentation, the Borrower or other Grantor requesting such documentation shall deliver to the Collateral Agent an Officer’s Certificate stating that the release of such Grantor’s respective Collateral that is to be
evidenced by such UCC termination statements or other instruments is permitted pursuant to this Section 17 and the relevant provisions of the Credit Agreement (provided that an Officer’s Certificate delivered to the Collateral Agent
pursuant to Section 6.09(c) of the Credit Agreement shall be deemed to satisfy the requirements of this clause (c)). The Collateral Agent shall have no liability whatsoever to any Secured Party as the result of any release of Collateral by it as
permitted by this Section 17. 
 (d) Upon the release of any Grantor from its guarantee of the Obligations pursuant to
Section 9.05 (a) or (b) of the Credit Agreement, such Grantor shall cease to be a Grantor hereunder and the items of Collateral owned by such Grantor shall be released from the Lien and security interest granted hereby, and in connection
therewith, the Collateral Agent will, at the applicable Grantor’s sole expense and cost, promptly execute, acknowledge and deliver to such Grantor such releases, instruments or other documents (including without limitation UCC termination
statements and any amendment or modification of this Slot Security Agreement pursuant to a Slot Security Supplement or otherwise), and do or cause to be done all other acts, as such Grantor shall reasonably request to evidence or effect the release
of the Liens created hereby (if any) on such Collateral. 

  
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 Section 18. No Legal Title to Collateral in Secured Party. No Secured Party shall
have legal title to any part of the Collateral. No transfer, by operation of law or otherwise, of any portion of the Loan or other right, title and interest of a Secured Party in and to the Collateral or this Slot Security Agreement shall operate to
terminate this Slot Security Agreement or entitle any successor or transferee of such Secured Party to an accounting or to the transfer to it of legal title to any part of the Collateral. 

Section 19. Sale of Collateral by Collateral Agent is Binding. Any sale or other conveyance of any item of Collateral or any
interest therein by the Collateral Agent made pursuant to the terms of this Slot Security Agreement, the Credit Agreement and each applicable Intercreditor Agreement and Other Intercreditor Agreement, shall bind the Secured Parties and the Grantor,
and shall be effective to transfer or convey all right, title and interest of the Collateral Agent, the Grantor, and the Secured Parties in and to any such item of Collateral or any interest therein. No purchaser or other grantee shall be required
to inquire as to the authorization, necessity, expediency or regularity of such sale or conveyance or as to the application of any sale or other Proceeds with respect thereto by the Collateral Agent. 

Section 20. Benefit of Security Agreement. Nothing in this Slot Security Agreement, whether express or implied, shall be construed
to give to any Person other than the Grantor, the Collateral Agent and the Secured Parties any legal or equitable right, remedy or claim under or in respect of this Slot Security Agreement. 

Section 21. Notices. Except as otherwise specified herein, all notices required or permitted to be given under this Slot Security
Agreement shall be in conformance with and subject to the terms of Section 10.01 of the Credit Agreement. All such notices shall be delivered to the respective addresses for the Grantors and the Collateral Agent set forth in the Credit
Agreement. 
 Section 22. Successors and Assigns. This Slot Security Agreement shall be binding upon each Grantor and its
successors and assigns and shall inure to the benefit of the Collateral Agent and each Secured Party and their respective successors and assigns; provided that no Grantor may transfer or assign any or all of its rights or obligations
hereunder without the prior written consent of the Collateral Agent. Without limiting the generality of the foregoing and subject to the provisions of the applicable Loan Documents (including any Intercreditor Agreement and any Other Intercreditor
Agreement), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Slot Security Agreement to any other Person, and following such assignment or transfer, the Collateral Agent shall hold the security interest
and mortgage of this Slot Security Agreement for the benefit of such other Person, subject, however, to the provisions of the applicable Loan Documents (including any Intercreditor Agreement and any Other Intercreditor Agreement). 

All agreements, statements, representations and warranties made by a Grantor herein or in any certificate or other instrument delivered by
such Grantor or on its behalf under this Security Agreement shall be considered to have been relied upon by the 

  
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Secured Parties and shall survive the execution and delivery of this Slot Security Agreement and the other Loan Documents regardless of any investigation made by the Secured Parties or on their
behalf. 
 Section 23. Governing Law. THIS SLOT SECURITY AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE
GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. THE PROVISIONS OF SECTIONS 10.05 AND 10.15 OF THE CREDIT AGREEMENT ARE INCORPORATED HEREIN MUTATIS MUTANDIS, AS IF FULLY SET FORTH HEREIN. 

Section 24. Security Interest Absolute. The obligations of the Grantor hereunder shall remain in full force and effect without
regard to, and shall not be impaired by (a) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of the Grantor, except to the extent that the enforceability thereof may be limited by any
such event; (b) any exercise or non-exercise, or any waiver of any right, remedy, power or privilege under or in respect of this Slot Security Agreement or any other Loan Documents, except as specifically
set forth in a waiver granted pursuant to Section 16; (c) any amendment to or modification of any Loan Document or any security for any of the Obligations, whether or not the Grantor shall have notice or knowledge of any of the foregoing,
except as specifically set forth in an amendment or modification executed pursuant to Section 16; (d) any lack of validity or enforceability of the Lien(s) created hereunder; or (e) any other circumstances which might otherwise
constitute a defense available to, or a discharge of, the Grantor (other than payment or performance in accordance with the terms of the Loan Documents). 

Section 25. Severability of Provisions. Any provision of this Slot Security Agreement which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting the validity or enforceability of such provision in any other
jurisdiction. 
 Section 26. Headings. Section headings used in this Slot Security Agreement are for convenience of reference
only and shall not affect the construction of this Slot Security Agreement. 
 Section 27. Execution in Counterparts. This Slot
Security Agreement may be executed in any number of counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original, and all of which counterparts, taken together, shall constitute one and the same Slot
Security Agreement. A set of the counterparts executed by all the parties hereto shall be lodged with the Grantor and the Collateral Agent. Delivery of an executed counterpart of a signature page of this Slot Security Agreement by facsimile or
electronic .pdf copy shall be effective as delivery of a manually executed counterpart of this Slot Security Agreement. 

  
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 Section 28. Survival of Representations and Warranties, etc. All representations and
warranties made by each Grantor herein or in any certificate or other instrument delivered by each Grantor or on its behalf under this Slot Security Agreement shall be considered to have been relied upon by the Secured Parties and shall survive the
execution and delivery of this Slot Security Agreement and the other Loan Documents. 
 Section 29. Conflicts with other Loan
Documents. Unless otherwise expressly provided in this Slot Security Agreement, if any provision contained in this Slot Security Agreement conflicts with any provision of any other Loan Document, the provision contained in this Slot Security
Agreement shall govern and control, except to the extent of a conflict with the Credit Agreement, in which case the Credit Agreement shall control; provided, that the inclusion of supplemental rights or remedies in favor of the Collateral Agent or
the Lenders in any other Loan Document shall not be deemed a conflict with this Slot Security Agreement. 
 Section 30. Additional
Grantors. If, at the option of the Borrower or as required pursuant to Section 5.09(a) of the Credit Agreement, the Borrower shall cause any Affiliate that is not a Grantor to become a Grantor hereunder (each such Affiliate, an
“Additional Grantor”), such Affiliate shall execute and deliver to the Collateral Agent a Joinder Agreement substantially in the form of Exhibit B and shall thereafter for all purposes be a party hereto and have the same rights,
benefits and obligations as a Grantor party hereto on the Closing Date, it being understood that Section 2 shall apply to, and the representations and warranties contained in Section 5 shall be made by, such Affiliate only after such
Affiliate executes and delivers to the Collateral Agent a Joinder Agreement. 
 Section 31. Additional Collateral. Any Grantor
may elect at any time, without the consent of the Collateral Agent or any Lender, to subject to the Lien of this Slot Security Agreement any Additional Pledged Slots or Additional Pledged Gate Leaseholds subject to the delivery of the following
documents, satisfaction of the following conditions precedent, and at no cost to the Collateral Agent or any Secured Party: 

(a) an Slot Security Supplement substantially in the form of Exhibit C hereto duly executed by such Grantor, which the
Collateral Agent hereby agrees to countersign, (A) identifying, as applicable, the Additional Pledged Slots or Additional Pledged Gate Leaseholds and (B) amending or supplementing Schedules II through IV to the extent necessary to describe
any such Additional Pledged Slots or Additional Pledged Gate Leaseholds, as applicable, or otherwise amending or supplementing such schedules to the extent necessary to give effect to this Section 31; and 

(b) financing statements or amendments to financing statements describing such Additional Pledged Slots or Additional Pledged
Gate Leaseholds, as applicable. 

  
 18 

 For all purposes hereof, upon the attachment of the Lien of this Slot Security Agreement thereto, the Additional
Pledged Slots or Additional Pledged Gate Leaseholds, if any, shall become part of the Collateral, all such Additional Pledged Slots shall be deemed “Pledged Slots” as defined herein and all such Additional Pledged Gate Leaseholds shall be
deemed “Pledged Gate Leaseholds” as defined herein. 
 [SIGNATURE PAGES TO FOLLOW] 

  
 19 

 IN WITNESS WHEREOF, each Grantor and the Collateral Agent each has caused this Amended and
Restated Slot Security Agreement to be duly executed and delivered by its officer thereunto duly authorized as of the date first above written. 
  

			
	AMERICAN AIRLINES, INC.
		
	By:	 	  

		 	Name:
		 	Title:

 SIGNATURE PAGE TO SLOT SECURITY AGREEMENT 

			
	 ACCEPTED AND AGREED
 as of the date
first above written:

	
	CITIBANK, N.A.,
	as Collateral Agent
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	CITICORP NORTH AMERICA, INC.
	solely for purposes of the assignment set forth in Section 11
		
	By:	 	  

	Name:	 	
	Title:	 	

 [SIGNATURE PAGE TO SLOT SECURITY AGREEMENT] 

 APPENDIX A 

DEFINITIONS RELATING TO THE SLOT SECURITY AGREEMENT 

“2013 Slot Security Agreement” has the meaning provided in the preamble hereto. 

“Additional Agent” has the meaning specified in the Intercreditor Agreement. 

“Additional Collateral Documents” has the meaning provided in the Intercreditor Agreement. 

“Additional Credit Facility Secured Parties” has the meaning provided in the Intercreditor Agreement. 

“Additional Grantor” has the meaning specified in Section 30 hereof. 

“Additional Obligations” has the meaning provided in the Intercreditor Agreement. 

“Additional Pledged Gate Leaseholds” means any Gate Leasehold that is the property of any Grantor and is described in any
Slot Security Supplement. 
 “Additional Pledged Slots” means any Slot that is the property of any Grantor and described in
any Slot Security Supplement. 
 “Administrative Agent” has the meaning provided in the recitals hereto. 

“Banking Product Provider” means any Person that has entered into a Designated Banking Product Agreement with Parent or the
Grantor. 
 “Bankruptcy Case” means (a) pursuant to or within the meaning of Bankruptcy Law, (i) a voluntary case
commenced by Parent or any of its Subsidiaries, (ii) an involuntary case in which Parent or any of its Subsidiaries consent to the entry of an order for relief against it, (iii) an appointment consented to by Parent or any of its
Subsidiaries of a custodian of it or for all or substantially all of its property, (iv) the making of a general assignment for the benefit of its creditors by Parent or any of its Subsidiaries or (v) the admission in writing of
Parent’s or any of its Subsidiaries’ inability generally to pay its debts or (b) an order or decree under any Bankruptcy Law entered by a court of competent jurisdiction that (i) is for relief against Parent or any of its
Subsidiaries in an involuntary case, (ii) appoints a custodian of Parent or any of its Subsidiaries for all or substantially all of the property of Parent or any of its Subsidiaries, (iii) orders the liquidation of Parent or any of its
Subsidiaries, and in each case of this clause (b) the order or decree remains unstayed and in effect for 60 consecutive days. 

 “Borrower” has the meaning provided in the preamble hereto. 

“Collateral” has the meaning provided in Section 2 hereof. 

“Credit Agreement” has the meaning set forth in the recitals hereto. 

“Discharge of Additional Obligations” has the meaning provided in the Intercreditor Agreement. 

“Federal Aviation Act” means Title 49 which, among other things, recodified and replaced the U.S. Federal Aviation Act of
1958 and the regulations promulgated thereunder, or any subsequent legislation that amends, supplements or supersedes such provisions. 

“Grantors” has the meaning provided in the preamble hereto. 

“Hedging Provider” means any Person that has entered into a Designated Hedging Agreement with Parent or the Grantor. 

“Lenders” has the meaning set forth in the recitals hereto. 

“NY UCC” means the Uniform Commercial Code as in effect on the date hereof in the State of New York. 

“Non-Lender Secured Parties” means, collectively, all Banking Product Providers and
Hedging Providers and their respective successors, assigns and transferees. For the avoidance of doubt, “Non-Lender Secured Parties” shall exclude Banking Product Providers and Hedging Providers in
their capacities as Lenders, if applicable. 
 “Pledged Gate Leaseholds” means any Gate Leasehold that is property of any
Grantor as set forth in Schedule III and thereafter all Additional Pledged Gate Leaseholds, excluding any Gate Leasehold that has been released from the security interest granted hereunder in accordance with the terms of the Loan Documents. 

“Pledged Historical Rights” means, at any time with respect to any applicable Pledged Slot, any rights of a Grantor to be
granted at any future time any Slot at Newark Liberty International Airport, LaGuardia Airport, Ronald Reagan Washington National Airport, John F. Kennedy International Airport or, in the case of Foreign Slots, other
non-U.S. airport, arising because of such Grantor’s rights in such Pledged Slot at such airport that is a replacement or a substitution for such Pledged Slot, whether pursuant to FAA or DOT regulations or
orders pursuant to Title 14, Title 49 or other federal statutes (or, in the case of Foreign Slots, applicable non-U.S. law) now or hereinafter in effect. 

“Pledged Slots” means any Slots that are property of any Grantor and set forth in Schedule II and thereafter all Additional
Pledged Slots and, in each case, the Pledged Historical Rights relating thereto, excluding any such Slot that has been released from the security interest granted hereunder in accordance with the terms of the Loan Documents. 

  
 2 

 “Proceeds” has the meaning assigned to that term under the UCC as in effect in
any relevant jurisdiction or under other relevant law and, in any event, shall include, but not be limited to, any and all (i) proceeds of any insurance, indemnity, warranty or guarantee payable to the Collateral Agent or to the Grantor or any
Affiliate of the Grantor from time to time with respect to physical damage to any of the Collateral, (ii) payments (in any form whatsoever), made or due and payable to the Grantor from time to time in connection with any requisition,
confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral by any Governmental Authority (or any Person acting under color of Governmental Authority) and (iii) instruments representing obligations to pay amounts in
respect of the Collateral. 
 “Senior Priority Obligations” has the meaning provided in the Intercreditor Agreement. 

“Senior Priority Representative” has the meaning provided in the Intercreditor Agreement. 

“Slot” means each FAA Slot and each Foreign Slot or any of them. 

“Slot Regulations” means 49 U.S.C. § 40103 and 14 C.F.R. §§ 93.211 – 93.227 or 77 Fed. Reg.
30585, and any amendment, supplement or other modification thereto, or successor, replacement or substitute federal law or regulation, or any foreign law or regulation, as applicable, concerning the right or operational authority to conduct landing
or takeoff operations at any airports. 
 “Slot Security Agreement” has the meaning provided in the preamble hereto. 

“Slot Security Supplement” means a supplement to this Slot Security Agreement substantially in the form of Exhibit C hereto,
completed and supplemented with the schedules and attachments contemplated thereby, and duly executed by a Responsible Officer of the Grantor or an Additional Grantor, as applicable. 

  
 3 

 EXHIBIT A 

Office of Slot Administration 
 Office of Chief Counsel - Slot
Transfers 
 Federal Aviation Administration 
 800 Independence
Avenue, S.W. 
 Washington, D.C. 20591 
  

	 	Re:	Request for Confirmation of Slot Transfers 

 Dear Sirs/Madams: 

Please be advised that, pursuant to 14 C.F.R. § 93.221(a), American Airlines, Inc. (the “Airline” or
“Transferor”) intends to transfer all rights, interests, and privileges pertaining to the slots listed on the attached Schedule A (attached hereto) to the undersigned recipient. The slots involved in the transaction (i) are not
international slots for purposes of Subpart S of Title 14, (ii) have not been provided to the Grantor pursuant to Section 93.219 of Subpart S of Title 14 for essential air service, (iii) are not slot exemptions under AIR-21 and (iv) are not otherwise non-transferable pursuant to Subpart S of Title 14. This slot transfer is permanent. 

This letter serves as written evidence of the Airline’s and the undersigned recipient’s consent to the transfer of the
above-referenced slots — said transfer to be effective as of the date upon which the undersigned recipient signs this letter, subject to confirmation by the FAA. Upon confirmation by the FAA, the undersigned recipient will become the holder of
record of the above-described slots. 
 Please confirm the transfer of the above-described slots by stamping and signing the acknowledgement
copy of this letter and returning it to the undersigned by facsimile and by mail as indicated below the signature block. 
  

									
		 		 	Sincerely,
			
	  
	 		 	  

	RECIPIENT:	 		 	TRANSFEROR:
		 		 		 	AMERICAN AIRLINES, INC.
					
	By:	 	  
	 		 	By:	 	  

	Name:	 	  
	 		 	Name:	 	  

	Title:	 	  
	 		 	Title:	 	  

					
	Address:	 	  
	 		 	Address:	 	  

	  
	 		 	  

	  
	 		 	  

	  
	 		 	  

					
	Fax:	 	  
	 		 	Fax:	 	  

	Tel:	 	  
	 		 	Tel:	 	  

									
					
	CONFIRMED BY:	  	  
	 		  		  	
	[FAA Name, Date]	 		  		  	

  
 A-1 

 Schedule A 

  
 A-2 

 EXHIBIT B 

FORM OF JOINDER AGREEMENT 

This JOINDER AGREEMENT, dated as of                  ,
20    , is delivered pursuant to Section 30 of the Slot Security Agreement, dated as of December 15, 2016 (as may be amended, restated, amended and restated, supplemented and/or otherwise modified from time to time, the
“Slot Security Agreement”), between American Airlines, Inc. as Grantor, in favor of Citibank, N.A., as administrative agent and collateral agent for the Secured Parties referred to therein. Capitalized terms used herein without
definition are used as defined in the Slot Security Agreement. 
 By executing and delivering this Joinder Agreement, the undersigned, as
provided in Section 30 of the Slot Security Agreement, hereby becomes a party to the Slot Security Agreement as a Grantor thereunder with the same force and effect as if originally named as a Grantor therein and, without limiting the generality
of the foregoing, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of the undersigned, hereby grants, bargains, sells, assigns,
transfers, conveys, mortgages, and pledges to the Collateral Agent for the benefit of the Secured Parties, and grants to the Collateral Agent for the benefit of the Secured Parties a lien on and security interest in, all of its right, title and
interest in, to and under the Collateral of the undersigned and expressly assumes all obligations and liabilities of a Grantor thereunder. The undersigned hereby agrees to be bound as a Grantor for the purposes of the Slot Security Agreement. 

The information set forth in the schedules to this Joinder Agreement is hereby added to the information set forth in Schedules I through IV of
the Slot Security Agreement. By acknowledging and agreeing to this Joinder Agreement, the undersigned hereby agrees that this Joinder Agreement may be attached to the Slot Security Agreement and that the Collateral listed on the schedule to this
Joinder Amendment shall be and become part of the Collateral referred to in the Slot Security Agreement and shall secure all Obligations of the undersigned. 

The undersigned hereby represents and warrants that each of the representations and warranties contained in Section 5 of the Slot
Security Agreement applicable to it is true and correct on and as the date hereof as if made on and as of such date. In addition, the undersigned hereby represents and warrants that as of the date hereof: 

(i) such Grantor has the requisite corporate or limited liability company power and authority under the laws of the jurisdiction of its
organization to create the Liens on the Collateral purported to be pledged by it under this Slot Security Agreement; 
 (ii) if such Grantor
owns or operates Aircraft Related Equipment (of the type described in section 1110 of the Bankruptcy Code or any analogous successive provision of the Bankruptcy Code), it is (a) is an “air carrier” within the meaning of
Section 40102 of Title 49, and holds or co-holds a certificate under Section 41102 of 

  
 B-1 

 
Title 49, (b) holds or co-holds an air carrier operating certificate issued pursuant to Chapter 447 of Title 49, (c) is a “citizen of the United
States” as defined in Section 40102(a)(15) of Title 49 and as that statutory provision has been interpreted by the DOT pursuant to its policies (a “United States Citizen”), and (d) possesses or co-possesses all necessary certificates, franchises, licenses, permits, rights, designations, authorizations, exemptions, concessions, frequencies and consents of the FAA or the DOT which are required for the
operation of the routes flown by it and the conduct of its business and operations as currently conducted except where failure to so possess or co- possess would not, in the aggregate, have a Material Adverse
Effect; and 
 (iii) such Grantor is, and as to Collateral acquired by it from time to time after the date hereof such Grantor will be, the
holder of all Collateral free from any Lien except for Permitted Liens. 
 IN WITNESS WHEREOF, the undersigned has caused this Joinder
Agreement to be duly executed and delivered as of the date first above written. 
  

			
	[ADDITIONAL GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

  
 B-2 

 EXHIBIT C 

SUPPLEMENT NO.      TO SLOT SECURITY AGREEMENT 

SUPPLEMENT NO.     , dated as of              ,
20     (this “Slot Security Supplement”), to the Slot Security Agreement, dated as of December 15, 2016 (as the same may be amended, restated supplemented or otherwise modified from time to time, the
“Slot Security Agreement”) among AMERICAN AIRLINES, INC., a Delaware corporation (together with its successors and assigns, the “Borrower”), certain Affiliates (and their respective successors and assigns) of the
Borrower from time to time party thereto pursuant to Section 30 thereof (together with the Borrower, the “Grantors”), and CITIBANK, N.A., as administrative agent and collateral agent for the Secured Parties (as hereinafter
defined) (together with its successors and assigns, the “Collateral Agent”). 
 A. Capitalized terms used herein and not
otherwise defined herein (including terms used in the preamble and the recitals) shall have the meanings assigned to such terms in the Slot Security Agreement; 

B. The rules of construction and other interpretive provisions specified in the Slot Security Agreement shall apply to this Slot Security
Supplement. 
 C. [Pursuant to Section 31(a) of the Slot Security Agreement, each Grantor has agreed to deliver to the Collateral Agent a
written supplement substantially in the form of Exhibit C thereto with respect to Additional Pledged Slots and Additional Pledged Gate Leaseholds. The Grantors have identified such Additional Pledged Slots or Additional Pledged Gate Leaseholds
acquired by such Grantors after the date of the Slot Security Agreement set forth on Schedules 1, 2, 3 and hereto (collectively, the “Additional Collateral”).]1 

D. [Pursuant to Section 17 of the Slot Security Agreement, the Collateral Agent has agreed to deliver to the Grantor a written supplement
substantially in the form of Exhibit C thereto with respect to the release of any Collateral hereunder.]2 

Accordingly, the Collateral Agent and the Grantors agree as follows: 

Section 1. Schedules [II, III and IV]3 of the Slot Security
Agreement are hereby [supplemented][restated], as applicable, by the information set forth in Schedules [1, 2 and 3]4 hereto. 

 

	1 	To be included for any Additional Pledged Slots and Additional Pledged Gate Leaseholds. 

	2 	To be included for the release of any Collateral under the Slot Security Agreement. 

	3 	Additional schedules to be included if applicable. 

	4 	Additional schedules to be included if applicable 

  
 C-1 

 Section 2. This Slot Security Supplement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by facsimile or other electronic transmission (i.e., “pdf” or “tif”) of an executed
counterpart of a signature page to this Supplement shall be effective as delivery of an original executed counterpart of this Supplement. The Collateral Agent may also require that any such documents and signatures delivered by facsimile or other
electronic transmission be confirmed by a manually-signed original thereof, provided that the failure to request or deliver the same shall not limit the effectiveness of any document or signature delivered by facsimile or other electronic
transmission. 
 Section 3. This Slot Security Supplement shall be construed as supplemental to the Slot Security
Agreement and shall form a part thereof, and the Slot Security Agreement is hereby incorporated by reference herein and is hereby ratified, approved and confirmed and terms not otherwise defined herein shall have the meaning provided in the Slot
Security Agreement. 
 Section 4. THIS SLOT SECURITY SUPPLEMENT IS BEING DELIVERED IN THE STATE OF NEW YORK AND
SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

  
 C-2 

 IN WITNESS WHEREOF, the Grantor has caused this Slot Security Supplement to be duly executed by
one of its duly authorized officers, as of the day and year first above written. 
  

			
	[                                    
    ]
		
	By:	 	  

		 	Name:
		 	Title:

  
 C-3 

 Schedule [    ] 

TO SUPPLEMENT NO.      

  
 C-4 

 SCHEDULE I 

SCHEDULE OF LOCATIONS OF GRANTORS 
  

			
	 Grantor
	  	 Location

		
	American Airlines, Inc.	  	Delaware Corporation (Org ID: 332421)

  
 S-I-1 

 SCHEDULE II 

SCHEDULE OF PLEDGED SLOTS 

American Airlines Air Carrier Slots 

at LaGuardia Airport (LGA) 
  

											
	 Slot ID
	  	 Slot Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Comments

	2013	  	600	  	D	  	12345..	  	AAL	  	
	2834	  	600	  	D	  	12345..	  	AAL	  	
	3226	  	600	  	D	  	12345..	  	AAL	  	
	3337	  	600	  	D	  	12345..	  	AAL	  	
	3437	  	600	  	D	  	12345..	  	AAL	  	
	3469	  	600	  	D	  	12345..	  	AAL	  	
	3477	  	600	  	D	  	12345..	  	AAL	  	
	3777	  	600	  	D	  	12345..	  	AAL	  	
	3290	  	630	  	D	  	12345..	  	AAL	  	
	3325	  	630	  	D	  	12345..	  	AAL	  	
	3474	  	630	  	D	  	12345..	  	AAL	  	
	3527	  	630	  	D	  	12345..	  	AAL	  	
	3544	  	630	  	D	  	12345..	  	AAL	  	
	3712	  	630	  	D	  	12345..	  	AAL	  	
	3725	  	630	  	D	  	12345..	  	AAL	  	
	2063	  	700	  	A	  	12345..	  	AAL	  	
	2192	  	700	  	A	  	12345..	  	AAL	  	
	2207	  	700	  	D	  	12345..	  	AAL	  	
	3174	  	700	  	D	  	12345..	  	AAL	  	
	3221	  	700	  	D	  	12345..	  	AAL	  	
	3309	  	700	  	D	  	12345..	  	AAL	  	
	35033	  	700	  	A	  	12345..	  	AAL	  	
	35048	  	700	  	A	  	12345..	  	AAL	  	
	2102	  	730	  	A	  	12345..	  	AAL	  	
	2104	  	730	  	A	  	12345..	  	AAL	  	
	2142	  	730	  	A	  	12345..	  	AAL	  	
	2157	  	730	  	D	  	12345..	  	AAL	  	
	2179	  	730	  	D	  	12345..	  	AAL	  	
	2185	  	730	  	A	  	12345..	  	AAL	  	
	3334	  	730	  	D	  	12345..	  	AAL	  	
	3399	  	730	  	D	  	12345..	  	AAL	  	
	3431	  	730	  	D	  	12345..	  	AAL	  	
	3785	  	730	  	D	  	12345..	  	AAL	  	
	3788	  	730	  	D	  	12345..	  	AAL	  	
	2046	  	800	  	A	  	12345..	  	AAL	  	

  
 S-II-1 

											
	 Slot ID
	  	 Slot Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Comments

	2109	  	800	  	D	  	12345..	  	AAL	  	
	2146	  	800	  	A	  	12345..	  	AAL	  	
	2150	  	800	  	D	  	12345..	  	AAL	  	
	2184	  	800	  	D	  	12345..	  	AAL	  	
	2239	  	800	  	A	  	12345..	  	AAL	  	
	3021	  	800	  	D	  	12345..	  	AAL	  	
	3049	  	800	  	D	  	12345..	  	AAL	  	
	3499	  	800	  	A	  	12345..	  	AAL	  	
	3615	  	800	  	D	  	12345..	  	AAL	  	
	3702	  	800	  	D	  	12345..	  	AAL	  	
	3812	  	800	  	A	  	12345..	  	AAL	  	
	2051	  	830	  	D	  	12345..	  	AAL	  	
	2073	  	830	  	D	  	12345..	  	AAL	  	
	2112	  	830	  	D	  	12345..	  	AAL	  	
	3004	  	830	  	D	  	12345..	  	AAL	  	
	3210	  	830	  	A	  	12345..	  	AAL	  	
	3319	  	830	  	D	  	12345..	  	AAL	  	
	3809	  	830	  	D	  	12345..	  	AAL	  	
	35014	  	830	  	D	  	12345..	  	AAL	  	
	2052	  	900	  	A	  	12345..	  	AAL	  	
	2062	  	900	  	A	  	12345..	  	AAL	  	
	2125	  	900	  	D	  	12345..	  	AAL	  	
	3002	  	900	  	A	  	12345..	  	AAL	  	
	3017	  	900	  	D	  	12345..	  	AAL	  	
	3020	  	900	  	D	  	12345..	  	AAL	  	
	3059	  	900	  	D	  	12345..	  	AAL	  	
	3138	  	900	  	A	  	12345..	  	AAL	  	
	3194	  	900	  	D	  	12345..	  	AAL	  	
	3349	  	900	  	D	  	12345..	  	AAL	  	
	3407	  	900	  	A	  	12345..	  	AAL	  	
	3465	  	900	  	D	  	12345..	  	AAL	  	
	3555	  	900	  	D	  	12345..	  	AAL	  	
	3736	  	900	  	D	  	12345..	  	AAL	  	
	3855	  	900	  	D	  	12345..	  	AAL	  	
	2208	  	930	  	D	  	12345..	  	AAL	  	
	2226	  	930	  	A	  	12345..	  	AAL	  	
	2240	  	930	  	A	  	12345..	  	AAL	  	
	3201	  	930	  	A	  	12345..	  	AAL	  	
	3222	  	930	  	D	  	12345..	  	AAL	  	
	3227	  	930	  	D	  	12345..	  	AAL	  	

  
 S-II-2 

											
	 Slot ID
	  	 Slot Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Comments

	3317	  	930	  	A	  	12345..	  	AAL	  	
	3625	  	930	  	D	  	12345..	  	AAL	  	
	2066	  	1000	  	D	  	12345..	  	AAL	  	
	2084	  	1000	  	A	  	12345..	  	AAL	  	
	3187	  	1000	  	D	  	12345..	  	AAL	  	
	3267	  	1000	  	D	  	12345..	  	AAL	  	
	3272	  	1000	  	A	  	12345..	  	AAL	  	
	3420	  	1000	  	D	  	12345..	  	AAL	  	
	3540	  	1000	  	A	  	12345..	  	AAL	  	
	3607	  	1000	  	A	  	12345..	  	AAL	  	
	2042	  	1030	  	A	  	12345..	  	AAL	  	
	2043	  	1030	  	D	  	12345..	  	AAL	  	
	2044	  	1030	  	D	  	12345..	  	AAL	  	
	3115	  	1030	  	A	  	12345..	  	AAL	  	
	3387	  	1030	  	A	  	12345..	  	AAL	  	
	3401	  	1030	  	A	  	12345..	  	AAL	  	
	3435	  	1030	  	A	  	12345..	  	AAL	  	
	3482	  	1030	  	A	  	12345..	  	AAL	  	
	3707	  	1030	  	D	  	12345..	  	AAL	  	
	2034	  	1100	  	A	  	12345..	  	AAL	  	
	2083	  	1100	  	A	  	12345..	  	AAL	  	
	2141	  	1100	  	D	  	12345..	  	AAL	  	
	2164	  	1100	  	D	  	12345..	  	AAL	  	
	2241	  	1100	  	D	  	12345..	  	AAL	  	
	3039	  	1100	  	A	  	12345..	  	AAL	  	
	3113	  	1100	  	A	  	12345..	  	AAL	  	
	3146	  	1100	  	D	  	12345..	  	AAL	  	
	3209	  	1100	  	A	  	12345..	  	AAL	  	
	3427	  	1100	  	D	  	12345..	  	AAL	  	
	3452	  	1100	  	A	  	12345..	  	AAL	  	
	3478	  	1100	  	A	  	12345..	  	AAL	  	
	3514	  	1100	  	D	  	12345..	  	AAL	  	
	3554	  	1100	  	D	  	12345..	  	AAL	  	
	2026	  	1130	  	D	  	12345..	  	AAL	  	
	2059	  	1130	  	D	  	12345..	  	AAL	  	
	2088	  	1130	  	A	  	12345..	  	AAL	  	
	2248	  	1130	  	D	  	12345..	  	AAL	  	
	3023	  	1130	  	D	  	12345..	  	AAL	  	
	3428	  	1130	  	D	  	12345..	  	AAL	  	
	3500	  	1130	  	A	  	12345..	  	AAL	  	

  
 S-II-3 

											
	 Slot ID
	  	 Slot Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Comments

	3504	  	1130	  	A	  	12345..	  	AAL	  	
	2118	  	1200	  	D	  	12345.7	  	AAL	  	
	2234	  	1200	  	A	  	12345.7	  	AAL	  	
	2238	  	1200	  	D	  	12345..	  	AAL	  	
	2238	  	1200	  	D	  	......7	  	AAL	  	Duplicate
	3235	  	1200	  	A	  	12345.7	  	AAL	  	
	3285	  	1200	  	A	  	12345.7	  	AAL	  	
	3289	  	1200	  	A	  	12345.7	  	AAL	  	
	3328	  	1200	  	D	  	12345.7	  	AAL	  	
	3359	  	1200	  	D	  	12345.7	  	AAL	  	
	3423	  	1200	  	D	  	12345.7	  	AAL	  	
	3473	  	1200	  	A	  	12345.7	  	AAL	  	
	3517	  	1200	  	D	  	12345.7	  	AAL	  	
	3531	  	1200	  	D	  	12345.7	  	AAL	  	
	3674	  	1200	  	A	  	12345.7	  	AAL	  	
	3835	  	1200	  	D	  	12345.7	  	AAL	  	
	2010	  	1230	  	A	  	12345..	  	AAL	  	
	2010	  	1230	  	A	  	......7	  	AAL	  	Duplicate
	2011	  	1230	  	A	  	12345..	  	AAL	  	
	2011	  	1230	  	A	  	......7	  	AAL	  	Duplicate
	2216	  	1230	  	A	  	......7	  	AAL	  	
	3001	  	1230	  	D	  	12345.7	  	AAL	  	
	3169	  	1230	  	A	  	12345.7	  	AAL	  	
	3338	  	1230	  	D	  	12345.7	  	AAL	  	
	3447	  	1230	  	A	  	12345.7	  	AAL	  	
	3518	  	1230	  	A	  	12345.7	  	AAL	  	
	3710	  	1230	  	A	  	12345.7	  	AAL	  	
	3764	  	1230	  	D	  	12345.7	  	AAL	  	
	35022	  	1230	  	D	  	12345.7	  	AAL	  	
	2041	  	1300	  	D	  	12345.7	  	AAL	  	
	2067	  	1300	  	D	  	12345.7	  	AAL	  	
	2155	  	1300	  	A	  	12345..	  	AAL	  	
	2155	  	1300	  	A	  	......7	  	AAL	  	Duplicate
	2187	  	1300	  	A	  	12345..	  	AAL	  	
	2187	  	1300	  	A	  	......7	  	AAL	  	Duplicate
	2211	  	1300	  	D	  	12345..	  	AAL	  	
	2211	  	1300	  	D	  	......7	  	AAL	  	Duplicate
	3067	  	1300	  	D	  	12345.7	  	AAL	  	
	3074	  	1300	  	D	  	12345.7	  	AAL	  	
	3237	  	1300	  	A	  	12345.7	  	AAL	  	

  
 S-II-4 

											
	 Slot ID
	  	 Slot Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Comments

	3279	  	1300	  	D	  	12345.7	  	AAL	  	
	3304	  	1300	  	D	  	12345.7	  	AAL	  	
	3811	  	1300	  	D	  	12345.7	  	AAL	  	
	35023	  	1300	  	A	  	12345.7	  	AAL	  	
	2126	  	1330	  	D	  	12345.7	  	AAL	  	
	2159	  	1330	  	D	  	12345.7	  	AAL	  	
	2210	  	1330	  	A	  	12345.7	  	AAL	  	
	2221	  	1330	  	D	  	12345..	  	AAL	  	
	2221	  	1330	  	D	  	......7	  	AAL	  	Duplicate
	3086	  	1330	  	D	  	12345.7	  	AAL	  	
	3468	  	1330	  	A	  	12345.7	  	AAL	  	
	3509	  	1330	  	A	  	12345.7	  	AAL	  	
	3557	  	1330	  	A	  	12345.7	  	AAL	  	
	3824	  	1330	  	A	  	12345.7	  	AAL	  	
	3856	  	1330	  	A	  	12345.7	  	AAL	  	
	3862	  	1330	  	D	  	12345.7	  	AAL	  	
	2174	  	1400	  	A	  	12345.7	  	AAL	  	
	2198	  	1400	  	A	  	12345..	  	AAL	  	
	2198	  	1400	  	A	  	......7	  	AAL	  	Duplicate
	2229	  	1400	  	A	  	12345.7	  	AAL	  	
	3025	  	1400	  	D	  	12345.7	  	AAL	  	
	3215	  	1400	  	A	  	12345.7	  	AAL	  	
	3278	  	1400	  	A	  	12345.7	  	AAL	  	
	3533	  	1400	  	D	  	12345.7	  	AAL	  	
	3543	  	1400	  	D	  	12345.7	  	AAL	  	
	3578	  	1400	  	A	  	12345.7	  	AAL	  	
	3735	  	1400	  	D	  	12345.7	  	AAL	  	
	2027	  	1430	  	D	  	12345.7	  	AAL	  	
	2028	  	1430	  	D	  	12345.7	  	AAL	  	
	2136	  	1430	  	A	  	12345.7	  	AAL	  	
	3042	  	1430	  	A	  	12345.7	  	AAL	  	
	3107	  	1430	  	D	  	12345.7	  	AAL	  	
	3128	  	1430	  	D	  	12345.7	  	AAL	  	
	3142	  	1430	  	A	  	12345.7	  	AAL	  	
	3394	  	1430	  	A	  	12345.7	  	AAL	  	
	3489	  	1430	  	D	  	12345.7	  	AAL	  	
	2105	  	1500	  	D	  	12345..	  	AAL	  	
	2105	  	1500	  	D	  	......7	  	AAL	  	Duplicate
	2123	  	1500	  	A	  	12345..	  	AAL	  	
	2191	  	1500	  	A	  	12345.7	  	AAL	  	

  
 S-II-5 

											
	 Slot ID
	  	 Slot Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Comments

	2228	  	1500	  	A	  	12345.7	  	AAL	  	
	3027	  	1500	  	D	  	12345.7	  	AAL	  	
	3126	  	1500	  	A	  	12345.7	  	AAL	  	
	3354	  	1500	  	D	  	12345.7	  	AAL	  	
	3558	  	1500	  	A	  	12345.7	  	AAL	  	
	3761	  	1500	  	A	  	12345.7	  	AAL	  	
	3819	  	1500	  	A	  	12345.7	  	AAL	  	
	3850	  	1500	  	A	  	12345.7	  	AAL	  	
	3854	  	1500	  	D	  	12345.7	  	AAL	  	
	35142	  	1500	  	D	  	12345.7	  	AAL	  	
	2058	  	1530	  	D	  	12345.7	  	AAL	  	
	2247	  	1530	  	D	  	12345.7	  	AAL	  	
	3186	  	1530	  	D	  	12345.7	  	AAL	  	
	3204	  	1530	  	A	  	12345.7	  	AAL	  	
	3346	  	1530	  	D	  	12345.7	  	AAL	  	
	3523	  	1530	  	A	  	12345.7	  	AAL	  	
	3794	  	1530	  	D	  	12345.7	  	AAL	  	
	35149	  	1530	  	A	  	12345.7	  	AAL	  	
	2017	  	1600	  	A	  	12345.7	  	AAL	  	
	2019	  	1600	  	D	  	12345.7	  	AAL	  	
	2094	  	1600	  	A	  	12345.7	  	AAL	  	
	2149	  	1600	  	A	  	12345.7	  	AAL	  	
	2156	  	1600	  	A	  	12345.7	  	AAL	  	
	2173	  	1600	  	D	  	12345.7	  	AAL	  	
	2242	  	1600	  	A	  	12345.7	  	AAL	  	
	3044	  	1600	  	A	  	12345.7	  	AAL	  	
	3157	  	1600	  	D	  	12345.7	  	AAL	  	
	3291	  	1600	  	A	  	12345.7	  	AAL	  	
	3493	  	1600	  	A	  	12345.7	  	AAL	  	
	3511	  	1600	  	D	  	12345.7	  	AAL	  	
	3778	  	1600	  	A	  	12345.7	  	AAL	  	
	3787	  	1600	  	D	  	12345.7	  	AAL	  	
	2061	  	1630	  	A	  	12345.7	  	AAL	  	
	2076	  	1630	  	D	  	12345.7	  	AAL	  	
	2098	  	1630	  	D	  	12345.7	  	AAL	  	
	2100	  	1630	  	D	  	12345.7	  	AAL	  	
	3079	  	1630	  	A	  	12345.7	  	AAL	  	
	3155	  	1630	  	A	  	12345.7	  	AAL	  	
	3796	  	1630	  	D	  	12345.7	  	AAL	  	
	2009	  	1700	  	D	  	12345.7	  	AAL	  	

  
 S-II-6 

											
	 Slot ID
	  	 Slot Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Comments

	2119	  	1700	  	A	  	12345.7	  	AAL	  	
	2128	  	1700	  	A	  	12345..	  	AAL	  	
	2128	  	1700	  	A	  	......7	  	AAL	  	Duplicate
	2132	  	1700	  	A	  	12345.7	  	AAL	  	
	2169	  	1700	  	D	  	12345..	  	AAL	  	
	2169	  	1700	  	D	  	......7	  	AAL	  	Duplicate
	3011	  	1700	  	D	  	12345.7	  	AAL	  	
	3100	  	1700	  	D	  	12345.7	  	AAL	  	
	3167	  	1700	  	A	  	12345.7	  	AAL	  	
	3170	  	1700	  	A	  	12345.7	  	AAL	  	
	3552	  	1700	  	D	  	12345.7	  	AAL	  	
	3580	  	1700	  	A	  	12345.7	  	AAL	  	
	3708	  	1700	  	A	  	12345.7	  	AAL	  	
	3726	  	1700	  	D	  	12345.7	  	AAL	  	
	3834	  	1700	  	D	  	12345.7	  	AAL	  	
	2086	  	1730	  	D	  	12345.7	  	AAL	  	
	2145	  	1730	  	A	  	12345.7	  	AAL	  	
	2183	  	1730	  	A	  	12345.7	  	AAL	  	
	2250	  	1730	  	D	  	12345.7	  	AAL	  	
	3062	  	1730	  	A	  	12345.7	  	AAL	  	
	3066	  	1730	  	D	  	12345.7	  	AAL	  	
	3154	  	1730	  	A	  	12345.7	  	AAL	  	
	3159	  	1730	  	D	  	12345.7	  	AAL	  	
	3341	  	1730	  	D	  	12345.7	  	AAL	  	
	3433	  	1730	  	A	  	12345.7	  	AAL	  	
	3802	  	1730	  	D	  	12345.7	  	AAL	  	
	2082	  	1800	  	D	  	12345.7	  	AAL	  	
	2134	  	1800	  	A	  	12345.7	  	AAL	  	
	2163	  	1800	  	D	  	12345.7	  	AAL	  	
	2194	  	1800	  	D	  	12345.7	  	AAL	  	
	2231	  	1800	  	D	  	12345.7	  	AAL	  	
	2236	  	1800	  	A	  	12345.7	  	AAL	  	
	3116	  	1800	  	D	  	12345.7	  	AAL	  	
	3213	  	1800	  	A	  	12345.7	  	AAL	  	
	3348	  	1800	  	D	  	12345.7	  	AAL	  	
	3416	  	1800	  	A	  	12345.7	  	AAL	  	
	3457	  	1800	  	D	  	12345.7	  	AAL	  	
	3472	  	1800	  	A	  	12345.7	  	AAL	  	
	3610	  	1800	  	D	  	12345.7	  	AAL	  	
	2090	  	1830	  	A	  	12345.7	  	AAL	  	

  
 S-II-7 

											
	 Slot ID
	  	 Slot Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Comments

	2209	  	1830	  	D	  	12345.7	  	AAL	  	
	3007	  	1830	  	D	  	12345.7	  	AAL	  	
	3190	  	1830	  	A	  	12345.7	  	AAL	  	
	3481	  	1830	  	A	  	12345.7	  	AAL	  	
	3631	  	1830	  	D	  	12345.7	  	AAL	  	
	3780	  	1830	  	D	  	12345.7	  	AAL	  	
	3843	  	1830	  	D	  	12345.7	  	AAL	  	
	2069	  	1900	  	A	  	12345.7	  	AAL	  	
	2078	  	1900	  	D	  	12345.7	  	AAL	  	
	2089	  	1900	  	A	  	12345.7	  	AAL	  	
	2114	  	1900	  	A	  	12345.7	  	AAL	  	
	2130	  	1900	  	A	  	12345.7	  	AAL	  	
	2251	  	1900	  	D	  	12345.7	  	AAL	  	
	2295	  	1900	  	A	  	......7	  	AAL	  	
	3175	  	1900	  	A	  	12345.7	  	AAL	  	
	3200	  	1900	  	A	  	12345.7	  	AAL	  	
	3218	  	1900	  	A	  	12345.7	  	AAL	  	
	3439	  	1900	  	D	  	12345.7	  	AAL	  	
	3444	  	1900	  	A	  	12345.7	  	AAL	  	
	3775	  	1900	  	A	  	12345.7	  	AAL	  	
	3782	  	1900	  	D	  	12345.7	  	AAL	  	
	2039	  	1930	  	D	  	12345.7	  	AAL	  	
	2057	  	1930	  	D	  	12345.7	  	AAL	  	
	2152	  	1930	  	D	  	12345.7	  	AAL	  	
	2154	  	1930	  	A	  	12345.7	  	AAL	  	
	3102	  	1930	  	A	  	12345.7	  	AAL	  	
	3137	  	1930	  	A	  	12345.7	  	AAL	  	
	3188	  	1930	  	D	  	12345.7	  	AAL	  	
	3470	  	1930	  	A	  	12345.7	  	AAL	  	
	3525	  	1930	  	D	  	12345.7	  	AAL	  	
	3562	  	1930	  	D	  	12345.7	  	AAL	  	
	3651	  	1930	  	A	  	12345.7	  	AAL	  	
	2037	  	2000	  	A	  	12345.7	  	AAL	  	
	2045	  	2000	  	D	  	12345..	  	AAL	  	
	2045	  	2000	  	D	  	......7	  	AAL	  	Duplicate
	2158	  	2000	  	A	  	12345.7	  	AAL	  	
	3078	  	2000	  	D	  	12345.7	  	AAL	  	
	3099	  	2000	  	D	  	12345.7	  	AAL	  	
	3106	  	2000	  	D	  	12345.7	  	AAL	  	
	3118	  	2000	  	D	  	12345.7	  	AAL	  	

  
 S-II-8 

											
	 Slot ID
	  	 Slot Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Comments

	3125	  	2000	  	A	  	12345.7	  	AAL	  	
	3143	  	2000	  	A	  	12345.7	  	AAL	  	
	3144	  	2000	  	A	  	12345.7	  	AAL	  	
	3561	  	2000	  	A	  	12345.7	  	AAL	  	
	3791	  	2000	  	A	  	12345.7	  	AAL	  	
	3124	  	2030	  	A	  	12345.7	  	AAL	  	
	3185	  	2030	  	A	  	12345.7	  	AAL	  	
	3196	  	2030	  	D	  	12345.7	  	AAL	  	
	3205	  	2030	  	A	  	12345.7	  	AAL	  	
	3208	  	2030	  	A	  	12345.7	  	AAL	  	
	3403	  	2030	  	D	  	12345.7	  	AAL	  	
	3448	  	2030	  	A	  	12345.7	  	AAL	  	
	3483	  	2030	  	A	  	12345.7	  	AAL	  	
	3111	  	2100	  	D	  	12345.7	  	AAL	  	
	3382	  	2100	  	A	  	12345.7	  	AAL	  	
	3414	  	2100	  	A	  	12345.7	  	AAL	  	
	3417	  	2100	  	A	  	12345.7	  	AAL	  	
	3510	  	2100	  	D	  	12345.7	  	AAL	  	
	3546	  	2100	  	D	  	12345.7	  	AAL	  	
	3830	  	2100	  	D	  	12345.7	  	AAL	  	
	3837	  	2100	  	A	  	12345.7	  	AAL	  	
	3838	  	2100	  	A	  	12345.7	  	AAL	  	
	35117	  	2100	  	A	  	12345.7	  	AAL	  	
	35119	  	2100	  	D	  	12345.7	  	AAL	  	
	3030	  	2130	  	A	  	12345.7	  	AAL	  	
	3713	  	2130	  	A	  	12345.7	  	AAL	  	

  
 S-II-9 

 American Airlines Air Carrier Slots 

at Ronald Reagan Washington National Airport (DCA) 
  

											
	 Slot ID
	  	 Slot

Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Commuter or

Air Carrier

	0017	  	0600	  	N	  	12345..	  	AAL	  	C
	0022	  	0600	  	N	  	123456.	  	AAL	  	C
	0033	  	0600	  	N	  	12345..	  	AAL	  	C
	0125	  	0600	  	N	  	1234567	  	AAL	  	C
	0184	  	0600	  	N	  	1234567	  	AAL	  	C
	1007	  	0600	  	N	  	123456	  	AAL	  	A
	1181	  	0600	  	N	  	123456	  	AAL	  	A
	1187	  	0600	  	N	  	12345..	  	AAL	  	A
	1196	  	0600	  	N	  	1234567	  	AAL	  	A
	1235	  	0600	  	N	  	1234567	  	AAL	  	A
	1261	  	0600	  	N	  	12345..	  	AAL	  	A
	1266	  	0600	  	N	  	1234567	  	AAL	  	A
	1300	  	0600	  	N	  	1234567	  	AAL	  	A
	1347	  	0600	  	N	  	12345..	  	AAL	  	A
	1352	  	0600	  	N	  	12345..	  	AAL	  	A
	1365	  	0600	  	N	  	123456	  	AAL	  	A
	0043	  	0700	  	N	  	12345..	  	AAL	  	C
	0073	  	0700	  	N	  	12345..	  	AAL	  	C
	0104	  	0700	  	N	  	12345..	  	AAL	  	C
	0190	  	0700	  	N	  	12345..	  	AAL	  	C
	0191	  	0700	  	N	  	12345..	  	AAL	  	C
	0193	  	0700	  	N	  	12345..	  	AAL	  	C
	0202	  	0700	  	N	  	12345..	  	AAL	  	C
	0233	  	0700	  	N	  	12345..	  	AAL	  	C
	1123	  	0700	  	N	  	12345..	  	AAL	  	A
	1135	  	0700	  	N	  	12345..	  	AAL	  	A
	1140	  	0700	  	N	  	12345.7	  	AAL	  	A
	1146	  	0700	  	N	  	123456	  	AAL	  	A
	1152	  	0700	  	N	  	12345..	  	AAL	  	A
	1154	  	0700	  	N	  	123456	  	AAL	  	A
	1171	  	0700	  	N	  	1234567	  	AAL	  	A
	1179	  	0700	  	N	  	12345..	  	AAL	  	A
	1212	  	0700	  	N	  	123456	  	AAL	  	A
	1285	  	0700	  	N	  	123456	  	AAL	  	A
	1290	  	0700	  	N	  	1234567	  	AAL	  	A
	1357	  	0700	  	N	  	123456	  	AAL	  	A
	1376	  	0700	  	N	  	123456	  	AAL	  	A

  
 S-II-10 

											
	 Slot ID
	  	 Slot

Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Commuter or

Air Carrier

	1377	  	0700	  	N	  	1234567	  	AAL	  	A
	1394	  	0700	  	N	  	1234567	  	AAL	  	A
	1399	  	0700	  	N	  	1234567	  	AAL	  	A
	1417	  	0700	  	N	  	1234567	  	AAL	  	A
	1433	  	0700	  	N	  	123456	  	AAL	  	A
	1487	  	0700	  	N	  	1234567	  	AAL	  	A
	1530	  	0700	  	N	  	1234567	  	AAL	  	A
	1594	  	0700	  	N	  	1234567	  	AAL	  	A
	1596	  	0700	  	N	  	1234567	  	AAL	  	A
	1614	  	0700	  	N	  	1234567	  	AAL	  	A
	0036	  	0800	  	N	  	12345..	  	AAL	  	C
	0059	  	0800	  	N	  	12345..	  	AAL	  	C
	0075	  	0800	  	N	  	12345..	  	AAL	  	C
	0083	  	0800	  	N	  	12345..	  	AAL	  	C
	0149	  	0800	  	N	  	123456	  	AAL	  	C
	0150	  	0800	  	N	  	123456	  	AAL	  	C
	0177	  	0800	  	N	  	123456	  	AAL	  	C
	0205	  	0800	  	N	  	12345..	  	AAL	  	C
	0215	  	0800	  	N	  	12345..	  	AAL	  	C
	1016	  	0800	  	N	  	1234567	  	AAL	  	A
	1017	  	0800	  	N	  	1234567	  	AAL	  	A
	1101	  	0800	  	N	  	1234567	  	AAL	  	A
	1162	  	0800	  	N	  	1234567	  	AAL	  	A
	1185	  	0800	  	N	  	1234567	  	AAL	  	A
	1205	  	0800	  	N	  	1234567	  	AAL	  	A
	1226	  	0800	  	N	  	1234567	  	AAL	  	A
	1267	  	0800	  	N	  	1234567	  	AAL	  	A
	1372	  	0800	  	N	  	12345..	  	AAL	  	A
	1392	  	0800	  	N	  	1234567	  	AAL	  	A
	1398	  	0800	  	N	  	1234567	  	AAL	  	A
	1423	  	0800	  	N	  	1234567	  	AAL	  	A
	1446	  	0800	  	N	  	123456	  	AAL	  	A
	1466	  	0800	  	N	  	1234567	  	AAL	  	A
	1491	  	0800	  	N	  	1234567	  	AAL	  	A
	1493	  	0800	  	N	  	123456	  	AAL	  	A
	1495	  	0800	  	N	  	1234567	  	AAL	  	A
	1514	  	0800	  	N	  	1234567	  	AAL	  	A
	1589	  	0800	  	N	  	1234567	  	AAL	  	A
	1631	  	0800	  	N	  	1234567	  	AAL	  	A

  
 S-II-11 

											
	 Slot ID
	  	 Slot

Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Commuter or

Air Carrier

	1635	  	0800	  	N	  	1234567	  	AAL	  	A
	1653	  	0800	  	N	  	1234567	  	AAL	  	A
	0029	  	0900	  	N	  	1234567	  	AAL	  	C
	0031	  	0900	  	N	  	123456	  	AAL	  	C
	0077	  	0900	  	N	  	12345..	  	AAL	  	C
	0085	  	0900	  	N	  	123456	  	AAL	  	C
	0089	  	0900	  	N	  	12345..	  	AAL	  	C
	0108	  	0900	  	N	  	12345..	  	AAL	  	C
	0151	  	0900	  	N	  	123456	  	AAL	  	C
	0183	  	0900	  	N	  	12345..	  	AAL	  	C
	1035	  	0900	  	N	  	1234567	  	AAL	  	A
	1041	  	0900	  	N	  	123456	  	AAL	  	A
	1042	  	0900	  	N	  	1234567	  	AAL	  	A
	1043	  	0900	  	N	  	1234567	  	AAL	  	A
	1045	  	0900	  	N	  	1234567	  	AAL	  	A
	1046	  	0900	  	N	  	1234567	  	AAL	  	A
	1047	  	0900	  	N	  	1234567	  	AAL	  	A
	1053	  	0900	  	N	  	1234567	  	AAL	  	A
	1084	  	0900	  	N	  	1234567	  	AAL	  	A
	1085	  	0900	  	N	  	1234567	  	AAL	  	A
	1130	  	0900	  	N	  	1234567	  	AAL	  	A
	1160	  	0900	  	N	  	1234567	  	AAL	  	A
	1193	  	0900	  	N	  	1234567	  	AAL	  	A
	1240	  	0900	  	N	  	1234567	  	AAL	  	A
	1257	  	0900	  	N	  	1234567	  	AAL	  	A
	1289	  	0900	  	N	  	1234567	  	AAL	  	A
	1318	  	0900	  	N	  	1234567	  	AAL	  	A
	1400	  	0900	  	N	  	1234567	  	AAL	  	A
	1418	  	0900	  	N	  	1234567	  	AAL	  	A
	1426	  	0900	  	N	  	1234567	  	AAL	  	A
	1510	  	0900	  	N	  	1234567	  	AAL	  	A
	1526	  	0900	  	N	  	123456	  	AAL	  	A
	1534	  	0900	  	N	  	1234567	  	AAL	  	A
	1603	  	0900	  	N	  	1234567	  	AAL	  	A
	0003	  	1000	  	N	  	1234567	  	AAL	  	C
	0021	  	1000	  	N	  	1234567	  	AAL	  	C
	0053	  	1000	  	N	  	12345.7	  	AAL	  	C
	0079	  	1000	  	N	  	12345..	  	AAL	  	C
	0123	  	1000	  	N	  	12345..	  	AAL	  	C

  
 S-II-12 

											
	 Slot ID
	  	 Slot

Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Commuter or

Air Carrier

	0131	  	1000	  	N	  	12345..	  	AAL	  	C
	0148	  	1000	  	N	  	12345..	  	AAL	  	C
	0168	  	1000	  	N	  	123456	  	AAL	  	C
	0196	  	1000	  	N	  	1234567	  	AAL	  	C
	0229	  	1000	  	N	  	12345..	  	AAL	  	C
	1010	  	1000	  	N	  	1234567	  	AAL	  	A
	1023	  	1000	  	N	  	1234567	  	AAL	  	A
	1024	  	1000	  	N	  	12345..	  	AAL	  	A
	1031	  	1000	  	N	  	1234567	  	AAL	  	A
	1039	  	1000	  	N	  	1234567	  	AAL	  	A
	1081	  	1000	  	N	  	1234567	  	AAL	  	A
	1082	  	1000	  	N	  	1234567	  	AAL	  	A
	1118	  	1000	  	N	  	1234567	  	AAL	  	A
	1157	  	1000	  	N	  	1234567	  	AAL	  	A
	1186	  	1000	  	N	  	1234567	  	AAL	  	A
	1189	  	1000	  	N	  	1234567	  	AAL	  	A
	1190	  	1000	  	N	  	1234567	  	AAL	  	A
	1230	  	1000	  	N	  	1234567	  	AAL	  	A
	1256	  	1000	  	N	  	1234567	  	AAL	  	A
	1283	  	1000	  	N	  	1234567	  	AAL	  	A
	1311	  	1000	  	N	  	1234567	  	AAL	  	A
	1320	  	1000	  	N	  	1234567	  	AAL	  	A
	1330	  	1000	  	N	  	1234567	  	AAL	  	A
	1385	  	1000	  	N	  	1234567	  	AAL	  	A
	1502	  	1000	  	N	  	1234567	  	AAL	  	A
	1553	  	1000	  	N	  	1234567	  	AAL	  	A
	11105/1393	  	1000	  	N	  	1234567	  	AAL	  	A
	0011	  	1100	  	N	  	12345..	  	AAL	  	C
	0020	  	1100	  	N	  	123456	  	AAL	  	C
	0034	  	1100	  	N	  	12345.7	  	AAL	  	C
	0051	  	1100	  	N	  	12345..	  	AAL	  	C
	0060	  	1100	  	N	  	12345.7	  	AAL	  	C
	0119	  	1100	  	N	  	12345..	  	AAL	  	C
	0212	  	1100	  	N	  	12345.7	  	AAL	  	C
	0219	  	1100	  	N	  	1234567	  	AAL	  	C
	1019	  	1100	  	N	  	1234567	  	AAL	  	A
	1037	  	1100	  	N	  	1234567	  	AAL	  	A
	1116	  	1100	  	N	  	1234567	  	AAL	  	A
	1207	  	1100	  	N	  	1234567	  	AAL	  	A

  
 S-II-13 

											
	 Slot ID
	  	 Slot

Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Commuter or

Air Carrier

	1369	  	1100	  	N	  	1234567	  	AAL	  	A
	1384	  	1100	  	N	  	1234567	  	AAL	  	A
	1406	  	1100	  	N	  	1234567	  	AAL	  	A
	1407	  	1100	  	N	  	1234567	  	AAL	  	A
	1436	  	1100	  	N	  	1234567	  	AAL	  	A
	1472	  	1100	  	N	  	1234567	  	AAL	  	A
	1478	  	1100	  	N	  	1234567	  	AAL	  	A
	1494	  	1100	  	N	  	1234567	  	AAL	  	A
	1551	  	1100	  	N	  	1234567	  	AAL	  	A
	1562	  	1100	  	N	  	1234567	  	AAL	  	A
	1573	  	1100	  	N	  	1234567	  	AAL	  	A
	1590	  	1100	  	N	  	1234567	  	AAL	  	A
	1658	  	1100	  	N	  	1234567	  	AAL	  	A
	1669	  	1100	  	N	  	1234567	  	AAL	  	A
	11106/1328	  	1100	  	N	  	1234567	  	AAL	  	A
	0007	  	1200	  	N	  	12345.7	  	AAL	  	C
	0015	  	1200	  	N	  	12345.7	  	AAL	  	C
	0071	  	1200	  	N	  	12345.7	  	AAL	  	C
	0072	  	1200	  	N	  	1234567	  	AAL	  	C
	0100	  	1200	  	N	  	12345.7	  	AAL	  	C
	0127	  	1200	  	N	  	123456	  	AAL	  	C
	0211	  	1200	  	N	  	1234567	  	AAL	  	C
	0231	  	1200	  	N	  	12345.7	  	AAL	  	C
	1033	  	1200	  	N	  	12345.7	  	AAL	  	A
	1168	  	1200	  	N	  	1234567	  	AAL	  	A
	1213	  	1200	  	N	  	1234567	  	AAL	  	A
	1220	  	1200	  	N	  	1234567	  	AAL	  	A
	1293	  	1200	  	N	  	1234567	  	AAL	  	A
	1298	  	1200	  	N	  	1234567	  	AAL	  	A
	1305	  	1200	  	N	  	1234567	  	AAL	  	A
	1319	  	1200	  	N	  	1234567	  	AAL	  	A
	1358	  	1200	  	N	  	1234567	  	AAL	  	A
	1395	  	1200	  	N	  	1234567	  	AAL	  	A
	1451	  	1200	  	N	  	1234567	  	AAL	  	A
	1461	  	1200	  	N	  	1234567	  	AAL	  	A
	1462	  	1200	  	N	  	1234567	  	AAL	  	A
	1537	  	1200	  	N	  	1234567	  	AAL	  	A
	1582	  	1200	  	N	  	1234567	  	AAL	  	A
	1602	  	1200	  	N	  	1234567	  	AAL	  	A

  
 S-II-14 

											
	 Slot ID
	  	 Slot

Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Commuter or

Air Carrier

	1613	  	1200	  	N	  	1234567	  	AAL	  	A
	1657	  	1200	  	N	  	1234567	  	AAL	  	A
	0006	  	1300	  	N	  	12345.7	  	AAL	  	C
	0019	  	1300	  	N	  	1234567	  	AAL	  	C
	0080	  	1300	  	N	  	12345.7	  	AAL	  	C
	0110	  	1300	  	N	  	12345.7	  	AAL	  	C
	0154	  	1300	  	N	  	12345.7	  	AAL	  	C
	0180	  	1300	  	N	  	12345.7	  	AAL	  	C
	0197	  	1300	  	N	  	12345.7	  	AAL	  	C
	0198	  	1300	  	N	  	1234567	  	AAL	  	C
	0210	  	1300	  	N	  	1234567	  	AAL	  	C
	0220	  	1300	  	N	  	12345.7	  	AAL	  	C
	1032	  	1300	  	N	  	1234567	  	AAL	  	A
	1063	  	1300	  	N	  	1234567	  	AAL	  	A
	1093	  	1300	  	N	  	1234567	  	AAL	  	A
	1127	  	1300	  	N	  	1234567	  	AAL	  	A
	1136	  	1300	  	N	  	1234567	  	AAL	  	A
	1175	  	1300	  	N	  	1234567	  	AAL	  	A
	1210	  	1300	  	N	  	1234567	  	AAL	  	A
	1211	  	1300	  	N	  	1234567	  	AAL	  	A
	1244	  	1300	  	N	  	1234567	  	AAL	  	A
	1265	  	1300	  	N	  	1234567	  	AAL	  	A
	1397	  	1300	  	N	  	1234567	  	AAL	  	A
	1437	  	1300	  	N	  	1234567	  	AAL	  	A
	1444	  	1300	  	N	  	1234567	  	AAL	  	A
	1474	  	1300	  	N	  	1234567	  	AAL	  	A
	1476	  	1300	  	N	  	1234567	  	AAL	  	A
	1488	  	1300	  	N	  	1234567	  	AAL	  	A
	1505	  	1300	  	N	  	1234567	  	AAL	  	A
	1517	  	1300	  	N	  	1234567	  	AAL	  	A
	1557	  	1300	  	N	  	1234567	  	AAL	  	A
	1622	  	1300	  	N	  	1234567	  	AAL	  	A
	1629	  	1300	  	N	  	1234567	  	AAL	  	A
	1636	  	1300	  	N	  	1234567	  	AAL	  	A
	1639	  	1300	  	N	  	1234567	  	AAL	  	A
	11107/1344	  	1300	  	N	  	1234567	  	AAL	  	A
	0005	  	1400	  	N	  	12345.7	  	AAL	  	C
	0027	  	1400	  	N	  	1234567	  	AAL	  	C
	0032	  	1400	  	N	  	1234567	  	AAL	  	C

  
 S-II-15 

											
	 Slot ID
	  	 Slot

Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Commuter or

Air Carrier

	0047	  	1400	  	N	  	12345.7	  	AAL	  	C
	0096	  	1400	  	N	  	1234567	  	AAL	  	C
	0118	  	1400	  	N	  	12345.7	  	AAL	  	C
	0120	  	1400	  	N	  	1234567	  	AAL	  	C
	0134	  	1400	  	N	  	12345.7	  	AAL	  	C
	0162	  	1400	  	N	  	12345.7	  	AAL	  	C
	0174	  	1400	  	N	  	12345.7	  	AAL	  	C
	0226	  	1400	  	N	  	12345.7	  	AAL	  	C
	1015	  	1400	  	N	  	1234567	  	AAL	  	A
	1060	  	1400	  	N	  	1234567	  	AAL	  	A
	1064	  	1400	  	N	  	1234567	  	AAL	  	A
	1076	  	1400	  	N	  	1234567	  	AAL	  	A
	1086	  	1400	  	N	  	1234567	  	AAL	  	A
	1089	  	1400	  	N	  	1234567	  	AAL	  	A
	1094	  	1400	  	N	  	1234567	  	AAL	  	A
	1096	  	1400	  	N	  	1234567	  	AAL	  	A
	1155	  	1400	  	N	  	1234567	  	AAL	  	A
	1263	  	1400	  	N	  	1234567	  	AAL	  	A
	1314	  	1400	  	N	  	1234567	  	AAL	  	A
	1337	  	1400	  	N	  	1234567	  	AAL	  	A
	1373	  	1400	  	N	  	1234567	  	AAL	  	A
	1443	  	1400	  	N	  	1234567	  	AAL	  	A
	1447	  	1400	  	N	  	1234567	  	AAL	  	A
	1465	  	1400	  	N	  	1234567	  	AAL	  	A
	1549	  	1400	  	N	  	1234567	  	AAL	  	A
	1586	  	1400	  	N	  	1234567	  	AAL	  	A
	1659	  	1400	  	N	  	1234567	  	AAL	  	A
	1663	  	1400	  	N	  	1234567	  	AAL	  	A
	0035	  	1500	  	N	  	12345.7	  	AAL	  	C
	0048	  	1500	  	N	  	12345.7	  	AAL	  	C
	0081	  	1500	  	N	  	12345.7	  	AAL	  	C
	0101	  	1500	  	N	  	12345.7	  	AAL	  	C
	0107	  	1500	  	N	  	12345.7	  	AAL	  	C
	0109	  	1500	  	N	  	12345.7	  	AAL	  	C
	0113	  	1500	  	N	  	12345.7	  	AAL	  	C
	0140	  	1500	  	N	  	12345.7	  	AAL	  	C
	0189	  	1500	  	N	  	12345.7	  	AAL	  	C
	1057	  	1500	  	N	  	1234567	  	AAL	  	A
	1059	  	1500	  	N	  	1234567	  	AAL	  	A

  
 S-II-16 

											
	 Slot ID
	  	 Slot

Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Commuter or

Air Carrier

	1128	  	1500	  	N	  	1234567	  	AAL	  	A
	1134	  	1500	  	N	  	1234567	  	AAL	  	A
	1165	  	1500	  	N	  	1234567	  	AAL	  	A
	1182	  	1500	  	N	  	1234567	  	AAL	  	A
	1195	  	1500	  	N	  	1234567	  	AAL	  	A
	1229	  	1500	  	N	  	1234567	  	AAL	  	A
	1253	  	1500	  	N	  	1234567	  	AAL	  	A
	1323	  	1500	  	N	  	1234567	  	AAL	  	A
	1340	  	1500	  	N	  	1234567	  	AAL	  	A
	1355	  	1500	  	N	  	1234567	  	AAL	  	A
	1419	  	1500	  	N	  	1234567	  	AAL	  	A
	1490	  	1500	  	N	  	1234567	  	AAL	  	A
	1511	  	1500	  	N	  	1234567	  	AAL	  	A
	1552	  	1500	  	N	  	1234567	  	AAL	  	A
	1555	  	1500	  	N	  	1234567	  	AAL	  	A
	1576	  	1500	  	N	  	1234567	  	AAL	  	A
	1580	  	1500	  	N	  	1234567	  	AAL	  	A
	0009	  	1600	  	N	  	12345.7	  	AAL	  	C
	0102	  	1600	  	N	  	1234567	  	AAL	  	C
	0105	  	1600	  	N	  	12345.7	  	AAL	  	C
	0124	  	1600	  	N	  	12345.7	  	AAL	  	C
	0129	  	1600	  	N	  	12345.7	  	AAL	  	C
	0160	  	1600	  	N	  	1234567	  	AAL	  	C
	0165	  	1600	  	N	  	1234567	  	AAL	  	C
	0167	  	1600	  	N	  	12345.7	  	AAL	  	C
	0172	  	1600	  	N	  	1234567	  	AAL	  	C
	0217	  	1600	  	N	  	1234567	  	AAL	  	C
	1110	  	1600	  	N	  	1234567	  	AAL	  	A
	1149	  	1600	  	N	  	1234567	  	AAL	  	A
	1183	  	1600	  	N	  	1234567	  	AAL	  	A
	1191	  	1600	  	N	  	1234567	  	AAL	  	A
	1228	  	1600	  	N	  	1234567	  	AAL	  	A
	1326	  	1600	  	N	  	1234567	  	AAL	  	A
	1410	  	1600	  	N	  	1234567	  	AAL	  	A
	1416	  	1600	  	N	  	1234567	  	AAL	  	A
	1524	  	1600	  	N	  	1234567	  	AAL	  	A
	1532	  	1600	  	N	  	1234567	  	AAL	  	A
	1618	  	1600	  	N	  	1234567	  	AAL	  	A
	1655	  	1600	  	N	  	1234567	  	AAL	  	A

  
 S-II-17 

											
	 Slot ID
	  	 Slot

Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Commuter or

Air Carrier

	1661	  	1600	  	N	  	1234567	  	AAL	  	A
	0001	  	1700	  	N	  	12345.7	  	AAL	  	C
	0016	  	1700	  	N	  	12345.7	  	AAL	  	C
	0023	  	1700	  	N	  	1234567	  	AAL	  	C
	0049	  	1700	  	N	  	12345.7	  	AAL	  	C
	0056	  	1700	  	N	  	12345.7	  	AAL	  	C
	0058	  	1700	  	N	  	12345.7	  	AAL	  	C
	0064	  	1700	  	N	  	12345.7	  	AAL	  	C
	0076	  	1700	  	N	  	12345.7	  	AAL	  	C
	0091	  	1700	  	N	  	12345.7	  	AAL	  	C
	0115	  	1700	  	N	  	12345.7	  	AAL	  	C
	0178	  	1700	  	N	  	12345.7	  	AAL	  	C
	1114	  	1700	  	N	  	1234567	  	AAL	  	A
	1231	  	1700	  	N	  	1234567	  	AAL	  	A
	1237	  	1700	  	N	  	1234567	  	AAL	  	A
	1356	  	1700	  	N	  	1234567	  	AAL	  	A
	1408	  	1700	  	N	  	1234567	  	AAL	  	A
	1428	  	1700	  	N	  	1234567	  	AAL	  	A
	1440	  	1700	  	N	  	1234567	  	AAL	  	A
	1449	  	1700	  	N	  	1234567	  	AAL	  	A
	1454	  	1700	  	N	  	1234567	  	AAL	  	A
	1599	  	1700	  	N	  	1234567	  	AAL	  	A
	1601	  	1700	  	N	  	1234567	  	AAL	  	A
	1604	  	1700	  	N	  	1234567	  	AAL	  	A
	1605	  	1700	  	N	  	1234567	  	AAL	  	A
	1664	  	1700	  	N	  	1234567	  	AAL	  	A
	1668	  	1700	  	N	  	1234567	  	AAL	  	A
	0002	  	1800	  	N	  	12345.7	  	AAL	  	C
	0004	  	1800	  	N	  	12345.7	  	AAL	  	C
	0050	  	1800	  	N	  	12345.7	  	AAL	  	C
	0061	  	1800	  	N	  	12345.7	  	AAL	  	C
	0182	  	1800	  	N	  	12345.7	  	AAL	  	C
	0214	  	1800	  	N	  	12345.7	  	AAL	  	C
	0227	  	1800	  	N	  	12345.7	  	AAL	  	C
	1072	  	1800	  	N	  	12345.7	  	AAL	  	A
	1075	  	1800	  	N	  	12345.7	  	AAL	  	A
	1077	  	1800	  	N	  	1234567	  	AAL	  	A
	1078	  	1800	  	N	  	1234567	  	AAL	  	A
	1079	  	1800	  	N	  	1234567	  	AAL	  	A

  
 S-II-18 

											
	 Slot ID
	  	 Slot

Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Commuter or

Air Carrier

	1080	  	1800	  	N	  	1234567	  	AAL	  	A
	1153	  	1800	  	N	  	1234567	  	AAL	  	A
	1198	  	1800	  	N	  	1234567	  	AAL	  	A
	1201	  	1800	  	N	  	1234567	  	AAL	  	A
	1248	  	1800	  	N	  	1234567	  	AAL	  	A
	1260	  	1800	  	N	  	1234567	  	AAL	  	A
	1268	  	1800	  	N	  	1234567	  	AAL	  	A
	1371	  	1800	  	N	  	1234567	  	AAL	  	A
	1382	  	1800	  	N	  	1234567	  	AAL	  	A
	1522	  	1800	  	N	  	1234567	  	AAL	  	A
	1554	  	1800	  	N	  	1234567	  	AAL	  	A
	1583	  	1800	  	N	  	1234567	  	AAL	  	A
	1584	  	1800	  	N	  	1234567	  	AAL	  	A
	0038	  	1900	  	N	  	1234567	  	AAL	  	C
	0041	  	1900	  	N	  	12345.7	  	AAL	  	C
	0065	  	1900	  	N	  	12345.7	  	AAL	  	C
	0067	  	1900	  	N	  	1234567	  	AAL	  	C
	0093	  	1900	  	N	  	12345.7	  	AAL	  	C
	0142	  	1900	  	N	  	12345.7	  	AAL	  	C
	0153	  	1900	  	N	  	12345.7	  	AAL	  	C
	0179	  	1900	  	N	  	12345.7	  	AAL	  	C
	1095	  	1900	  	N	  	1234567	  	AAL	  	A
	1098	  	1900	  	N	  	1234567	  	AAL	  	A
	1113	  	1900	  	N	  	1234567	  	AAL	  	A
	1129	  	1900	  	N	  	1234567	  	AAL	  	A
	1222	  	1900	  	N	  	12345.7	  	AAL	  	A
	1232	  	1900	  	N	  	1234567	  	AAL	  	A
	1275	  	1900	  	N	  	1234567	  	AAL	  	A
	1281	  	1900	  	N	  	1234567	  	AAL	  	A
	1295	  	1900	  	N	  	1234567	  	AAL	  	A
	1310	  	1900	  	N	  	12345.7	  	AAL	  	A
	1331	  	1900	  	N	  	1234567	  	AAL	  	A
	1360	  	1900	  	N	  	1234567	  	AAL	  	A
	1375	  	1900	  	N	  	1234567	  	AAL	  	A
	1404	  	1900	  	N	  	1234567	  	AAL	  	A
	1432	  	1900	  	N	  	1234567	  	AAL	  	A
	1456	  	1900	  	N	  	1234567	  	AAL	  	A
	1467	  	1900	  	N	  	1234567	  	AAL	  	A
	1509	  	1900	  	N	  	1234567	  	AAL	  	A

  
 S-II-19 

											
	 Slot ID
	  	 Slot

Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Commuter or

Air Carrier

	1529	  	1900	  	N	  	1234567	  	AAL	  	A
	1541	  	1900	  	N	  	1234567	  	AAL	  	A
	1542	  	1900	  	N	  	1234567	  	AAL	  	A
	1633	  	1900	  	N	  	1234567	  	AAL	  	A
	1650	  	1900	  	N	  	1234567	  	AAL	  	A
	0012	  	2000	  	N	  	12345.7	  	AAL	  	C
	0045	  	2000	  	N	  	12345.7	  	AAL	  	C
	0068	  	2000	  	N	  	12345.7	  	AAL	  	C
	0116	  	2000	  	N	  	1234567	  	AAL	  	C
	0145	  	2000	  	N	  	12345.7	  	AAL	  	C
	0155	  	2000	  	N	  	12345.7	  	AAL	  	C
	0159	  	2000	  	N	  	12345.7	  	AAL	  	C
	0194	  	2000	  	N	  	1234567	  	AAL	  	C
	0201	  	2000	  	N	  	12345.7	  	AAL	  	C
	1119	  	2000	  	N	  	12345.7	  	AAL	  	A
	1184	  	2000	  	N	  	12345.7	  	AAL	  	A
	1206	  	2000	  	N	  	12345.7	  	AAL	  	A
	1278	  	2000	  	N	  	12345.7	  	AAL	  	A
	1279	  	2000	  	N	  	1234567	  	AAL	  	A
	1315	  	2000	  	N	  	12345.7	  	AAL	  	A
	1370	  	2000	  	N	  	12345.7	  	AAL	  	A
	1435	  	2000	  	N	  	1234567	  	AAL	  	A
	1455	  	2000	  	N	  	1234567	  	AAL	  	A
	1463	  	2000	  	N	  	1234567	  	AAL	  	A
	1470	  	2000	  	N	  	1234567	  	AAL	  	A
	1482	  	2000	  	N	  	1234567	  	AAL	  	A
	1501	  	2000	  	N	  	1234567	  	AAL	  	A
	1513	  	2000	  	N	  	1234567	  	AAL	  	A
	1516	  	2000	  	N	  	1234567	  	AAL	  	A
	1538	  	2000	  	N	  	1234567	  	AAL	  	A
	1540	  	2000	  	N	  	1234567	  	AAL	  	A
	1560	  	2000	  	N	  	1234567	  	AAL	  	A
	1638	  	2000	  	N	  	12345.7	  	AAL	  	A
	11108/1571	  	2000	  	N	  	1234567	  	AAL	  	A
	0132	  	2100	  	N	  	12345.7	  	AAL	  	C
	0146	  	2100	  	N	  	12345.7	  	AAL	  	C
	0147	  	2100	  	N	  	12345..	  	AAL	  	C
	0169	  	2100	  	N	  	12345..	  	AAL	  	C
	1003	  	2100	  	N	  	1234567	  	AAL	  	A

  
 S-II-20 

											
	 Slot ID
	  	 Slot

Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Commuter or

Air Carrier

	1061	  	2100	  	N	  	12345.7	  	AAL	  	A
	1088	  	2100	  	N	  	12345.7	  	AAL	  	A
	1112	  	2100	  	N	  	12345.7	  	AAL	  	A
	1115	  	2100	  	N	  	1234567	  	AAL	  	A
	1143	  	2100	  	N	  	12345.7	  	AAL	  	A
	1180	  	2100	  	N	  	1234567	  	AAL	  	A
	1197	  	2100	  	N	  	12345.7	  	AAL	  	A
	1241	  	2100	  	N	  	12345.7	  	AAL	  	A
	1243	  	2100	  	N	  	12345.7	  	AAL	  	A
	1262	  	2100	  	N	  	1234567	  	AAL	  	A
	1269	  	2100	  	N	  	1234567	  	AAL	  	A
	1304	  	2100	  	N	  	12345.7	  	AAL	  	A
	1306	  	2100	  	N	  	12345.7	  	AAL	  	A
	1333	  	2100	  	N	  	12345.7	  	AAL	  	A
	1544	  	2100	  	N	  	1234567	  	AAL	  	A
	1548	  	2100	  	N	  	1234567	  	AAL	  	A
	1588	  	2100	  	N	  	1234567	  	AAL	  	A
	1591	  	2100	  	N	  	1234567	  	AAL	  	A
	0025	  	2200	  	N	  	12345.7	  	AAL	  	C
	0070	  	2200	  	N	  	12345.7	  	AAL	  	C
	0087	  	2200	  	N	  	12345.7	  	AAL	  	C
	0175	  	2200	  	N	  	12345.7	  	AAL	  	C
	0188	  	2200	  	N	  	12345.7	  	AAL	  	C
	1049	  	2200	  	N	  	12345.7	  	AAL	  	A
	1177	  	2200	  	N	  	1234567	  	AAL	  	A
	1250	  	2200	  	N	  	12345.7	  	AAL	  	A
	1251	  	2200	  	N	  	12345.7	  	AAL	  	A
	1252	  	2200	  	N	  	12345.7	  	AAL	  	A
	1254	  	2200	  	N	  	1234567	  	AAL	  	A
	1264	  	2200	  	N	  	1234567	  	AAL	  	A
	1327	  	2200	  	N	  	12345.7	  	AAL	  	A
	1378	  	2200	  	N	  	12345.7	  	AAL	  	A
	1403	  	2200	  	N	  	12345.7	  	AAL	  	A
	1412	  	2200	  	N	  	12345.7	  	AAL	  	A
	1413	  	2200	  	N	  	1234567	  	AAL	  	A
	1434	  	2200	  	N	  	12345.7	  	AAL	  	A
	1457	  	2200	  	N	  	12345.7	  	AAL	  	A
	1489	  	2200	  	N	  	1234567	  	AAL	  	A
	1518	  	2200	  	N	  	12345.7	  	AAL	  	A

  
 S-II-21 

											
	 Slot ID
	  	 Slot

Time
	  	 A/D
	  	 FREQ
	  	 Holder
	  	 Commuter or

Air Carrier

	1546	  	2200	  	N	  	12345.7	  	AAL	  	A
	1565	  	2200	  	N	  	12345.7	  	AAL	  	A
	1569	  	2200	  	N	  	12345.7	  	AAL	  	A
	1598	  	2200	  	N	  	12345.7	  	AAL	  	A
	1612	  	2200	  	N	  	12345.7	  	AAL	  	A
	1627	  	2200	  	N	  	1234567	  	AAL	  	A
	1632	  	2200	  	N	  	12345.7	  	AAL	  	A
	1036	  	2300	  	N	  	1234567	  	AAL	  	A
	1141	  	2300	  	N	  	12345.7	  	AAL	  	A
	1158	  	2300	  	N	  	12345.7	  	AAL	  	A
	1170	  	2300	  	N	  	12345.7	  	AAL	  	A
	1178	  	2300	  	N	  	1234567	  	AAL	  	A
	1204	  	2300	  	N	  	1234567	  	AAL	  	A

  
 S-II-22 

 SCHEDULE III 

SCHEDULE OF PLEDGED GATE LEASEHOLDS 
 All
American Airlines, Inc. Gate Leaseholds at Ronald Reagan Washington National Airport (DCA) used in connection with Pledged Slots 
 All American Airlines,
Inc. Gate Leasehold at LaGuardia Airport (LGA) used in connection with Pledged Slots 

  
 S-III-1 

 EXHIBIT B to 

CREDIT AND GUARANTY AGREEMENT 

[FORM OF] 
 SECURITY AGREEMENT

 (SLOTS, GATE LEASEHOLDS AND ROUTE AUTHORITIES) 

Between 
 THE GRANTORS LISTED IN
SCHEDULE I HERETO, 
 as Grantors 

and 
 CITIBANK, N.A., 

as Collateral Agent 
  

 
 Dated as of
                 , 20     
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 Section 1.
	 	 Grant of Security Interest
	  	 	1	 
	 Section 2.
	 	 Security for Obligations; Intercreditor Relations
	  	 	3	 
	 Section 3.
	 	 No Release
	  	 	4	 
	 Section 4.
	 	 Representations and Warranties
	  	 	4	 
	 Section 5.
	 	 Covenants
	  	 	7	 
	 Section 6.
	 	 Supplements, Further Assurances
	  	 	8	 
	 Section 7.
	 	 Provisions Concerning Collateral
	  	 	8	 
	 Section 8.
	 	 Collateral Agent Appointed
Attorney-in-Fact
	  	 	9	 
	 Section 9.
	 	 Collateral Agent May Perform
	  	 	10	 
	 Section 10.
	 	 The Collateral Agent
	  	 	10	 
	 Section 11.
	 	 Events of Default, Remedies
	  	 	10	 
	 Section 12.
	 	 Non-Lender Secured Parties
	  	 	13	 
	 Section 13.
	 	 Application of Proceeds
	  	 	15	 
	 Section 14.
	 	 No Waiver; Discontinuance of Proceeding
	  	 	15	 
	 Section 15.
	 	 Amendments, etc.
	  	 	16	 
	 Section 16.
	 	 Termination; Release
	  	 	17	 
	 Section 17.
	 	 Definitions; Rules of Interpretation
	  	 	19	 
	 Section 18.
	 	 Notices
	  	 	25	 
	 Section 19.
	 	 Continuing Security Interest; Transfer of Indebtedness
	  	 	25	 
	 Section 20.
	 	 Governing Law
	  	 	26	 
	 Section 21.
	 	 Waiver of Jury Trial
	  	 	26	 
	 Section 22.
	 	 Consent to Jurisdiction and Service of Process
	  	 	26	 
	 Section 23.
	 	 Security Interest Absolute
	  	 	27	 
	 Section 24.
	 	 Severability of Provisions
	  	 	27	 
	 Section 25.
	 	 Headings
	  	 	27	 
	 Section 26.
	 	 Execution in Counterparts
	  	 	27	 
	 Section 27.
	 	 Additional Grantors
	  	 	28	 
	 Section 28.
	 	 Successors and Assigns
	  	 	28	 
	 Section 29.
	 	 Limited Obligations
	  	 	28	 
	 Section 30.
	 	 Construction of Schedules
	  	 	28	 

  

	
	 Schedule I – Grantors; Location of Chief Executive Offices

	 Schedule II – Slots

	 Schedule III – Scheduled Services

 

	 Exhibit A – Form of SGR Security Agreement Supplement

	 Exhibit B – Form of Joinder Agreement

  
 i 

 SECURITY AGREEMENT 

(SLOTS, GATE LEASEHOLDS AND ROUTE AUTHORITIES) 

This SECURITY AGREEMENT (Slots, Gate Leaseholds and/or Route Authorities), dated as of
                 , 20     (as may be amended, restated, amended and restated, supplemented and/or otherwise modified from time to time, this
“SGR Security Agreement”), between AMERICAN AIRLINES, INC., a Delaware corporation (the “Borrower”), each other Person that becomes a Party hereto pursuant to Section 27 ([together with the Borrower and their
respective successors and permitted assigns,] the “Grantors”), and Citibank, N.A., as collateral agent (in such capacity, and together with its successors and permitted assigns in such capacity, the “Collateral
Agent”), for its benefit and the benefit of the other Secured Parties. Capitalized terms used herein without other definition are used as defined and interpreted in Section 17. 

W I T N E S S E T H: 

WHEREAS, the Grantors and the Collateral Agent are parties to that certain Amended and Restated Credit and Guaranty Agreement, dated as of
December 15, 2016 (as may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among the Borrower, American Airlines Group Inc.
(“Parent”), as guarantor party thereto, the other guarantors from time to time party thereto, the lenders from time to time party thereto (collectively, the “Lenders”), the Collateral Agent and the Administrative
Agent; 
 WHEREAS, each Grantor has agreed to grant a continuing Lien on the Collateral (as defined below) to secure the Obligations; and

 WHEREAS, the Collateral Agent and one or more Additional Agents may in the future enter into one or more Intercreditor Agreements and/or
Other Intercreditor Agreements; 
 NOW, THEREFORE, in consideration of the premises, the mutual agreements set forth herein and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this SGR Security Agreement hereby agree as follows: 

Section 1. Grant of Security Interest. To secure all of the Obligations, each Grantor hereby pledges, grants and creates a
security interest and mortgage in favor of the Collateral Agent for its benefit and the benefit of the other Secured Parties in all of the following assets, rights and properties, whether real or personal and whether tangible or intangible (the
“Collateral”): 
 (a) all of the right, title and interest of such Grantor in, to and under the Route
Authorities, the Slots and the Gate Leaseholds, whether now owned or held or hereafter acquired and whether such assets, rights or properties constitute General Intangibles or another type or category of collateral under the NY UCC or any other type
of asset, right or property; and 
 (b) all of the right, title and interest of such Grantor in, to and under all Proceeds of
any and all of the foregoing (including, without limitation, all Proceeds (of any kind) received or to be received by such Grantor upon the transfer or other disposition of any of the assets, rights and properties described in clause (a),
notwithstanding whether the mortgage, pledge and grant of the security interest in any such asset, right or property is legally effective under applicable law); 

  
 1 

 provided, however, that notwithstanding the foregoing or any other provision of this SGR Security
Agreement, (1) (x) if a Transfer Restriction would be applicable to the pledge, grant or creation of a security interest in or mortgage on any asset, right or property described above (other than in the Route Authorities or Proceeds
thereof), then so long as such Transfer Restriction is in effect, or (y) if, pursuant to the operative provisions of transaction documents existing prior to the Closing Date under any transaction entered into by the Grantors prior to the
Closing Date, any asset, right or property is at any time subject to a security interest or mortgage in favor of another Person in connection with such transaction, (and not pursuant to an election made by the Borrower after the Closing Date to add
any such asset, right or property as collateral to such transaction) then, this SGR Security Agreement shall not pledge, grant or create any security interest in or mortgage on, and the term “Collateral” shall not include, any such asset,
right or property, and (2) if any Transfer Restriction applies to the transfer or assignment (other than the pledge, grant or creation of a security interest or mortgage) of any Collateral, any provision of this SGR Security Agreement
permitting the Collateral Agent to cause a Grantor to transfer or assign to it or any other Person any of such Collateral (and any right the Collateral Agent may have under applicable law to do so by virtue of the security interest and mortgage
pledged or granted to it under this SGR Security Agreement) shall be subject to such Transfer Restriction; provided, however, that following an Event of Default, at the direction of the Collateral Agent, such Grantor shall use
commercially reasonable efforts to obtain all approvals and consents that would be required to transfer or assign Collateral subject to such a Transfer Restriction referred to in clause (2) of the preceding proviso. As used herein,
“Transfer Restriction” means any prohibition, restriction or consent requirement, whether arising under contract, applicable law, rule or regulation, or otherwise, relating to the transfer or assignment by a Grantor of, or the
pledge, grant, or creation by a Grantor of a security interest or mortgage in, any right, title or interest in any asset, right or property, or any claim, right or benefit arising thereunder or resulting therefrom, if

  
 2 

 
any such transfer or assignment thereof (or any pledge, grant or creation of a security interest or mortgage therein) or any attempt to so transfer, assign, pledge, grant or create, in
contravention or violation of any such prohibition or restriction or without any required consent of any Person would (i) constitute a violation of the terms under which such Grantor was granted such right, title or interest or give rise
to a default, breach, right of recoupment, claim, defense, termination, right of termination or remedy with respect thereto, (ii) entitle any Governmental Authority or other Person to terminate or suspend any such right, title or
interest (or such Grantor’s interest in any agreement or license related thereto), or (iii) be prohibited by or violate any applicable law, rule or regulation, except, in any case, to the extent such “Transfer Restriction”
shall be rendered ineffective (both to the extent that it (x) prohibits, restricts or requires consent and (y) gives rise to a default, breach, right of recoupment, claim, defense, termination, right of termination or remedy)
by virtue of any applicable law, including, but not limited to Sections 9-406, 9-407, 9-408 or 9-409 of the NY UCC, to the extent applicable (or any corresponding sections of the UCC in a jurisdiction other than the State of New York to the extent applicable). 

Section 2. Security for Obligations; Intercreditor Relations. 

(a) This SGR Security Agreement secures, and the Collateral is collateral security for, the Obligations. 

(b) Notwithstanding anything herein to the contrary, it is the understanding of the parties hereto that the Liens granted pursuant to
Section 1 shall, prior to the Discharge of Additional Obligations that are Senior Priority Obligations, be pari passu and equal in priority to the Liens granted to any Additional Agent for the benefit of the holders of the applicable Additional
Obligations that are Senior Priority Obligations to secure such Additional Obligations that are Senior Priority Obligations pursuant to the applicable Additional Collateral Documents (except as may be separately otherwise agreed between the
Collateral Agent, on behalf of itself and the Secured Parties, and any Additional Agent, on behalf of itself and the Additional Credit Facility Secured Parties represented thereby). The Collateral Agent acknowledges and agrees that, in the event
that it enters into an Intercreditor Agreement or an Other Intercreditor Agreement, the relative priority of the Liens granted to the Collateral Agent, the Administrative Agent and any Additional Agent shall be determined solely (as between the
parties to such Intercreditor Agreement or Other Intercreditor Agreement and except as otherwise provided therein) pursuant to the applicable Intercreditor Agreements and Other Intercreditor Agreements, and not by priority as a matter of law or
otherwise. Notwithstanding anything herein to the contrary, the Liens granted to the Collateral Agent pursuant to this SGR Security Agreement and the exercise of any right or remedy by the Collateral Agent hereunder are subject to the provisions of
the applicable Intercreditor Agreements and Other Intercreditor Agreements. In the event of any conflict between the terms of any Intercreditor Agreement or any Other Intercreditor Agreement and this SGR Security Agreement, the

  
 3 

 
terms of such Intercreditor Agreement or Other Intercreditor Agreement, as applicable, shall govern and control as among (i) the Collateral Agent and any Additional Agent, in the case
of the Intercreditor Agreement, and (ii) the Collateral Agent and any other secured creditor (or agent therefor) party thereto, in the case of any Other Intercreditor Agreement. In the event of any such conflict, the Grantors may act (or
omit to act) in accordance with such Intercreditor Agreement or such Other Intercreditor Agreement, as applicable, and shall not be in breach, violation or default of its obligations hereunder by reason of doing so. Notwithstanding any other
provision hereof, for so long as any Additional Obligations that are Senior Priority Obligations remain outstanding, any obligation hereunder to deliver, transfer or assign to the Collateral Agent any Collateral shall be satisfied by causing such
Collateral to be delivered, transferred or assigned to the applicable Senior Priority Representative to be held in accordance with the Intercreditor Agreement. 

Section 3. No Release. 

(a) Other than as provided in clause (2) of the proviso to Section 1, nothing set forth in this SGR Security Agreement shall relieve
any Grantor from the performance of any term, covenant, condition or agreement on such Grantor’s part to be performed or observed under or in respect of any of the Collateral or from any liability to any Person under or in respect of any of the
Collateral. 
 (b) Nothing set forth in this SGR Security Agreement shall impose any obligation on the Collateral Agent or any Secured Party
to perform or observe any such term, covenant, condition or agreement on any Grantor’s part to be so performed or observed or impose any liability on the Collateral Agent or any Secured Party for any act or omission on the part of such Grantor
relating thereto or for any breach of any representation or warranty on the part of such Grantor contained in this SGR Security Agreement, or in respect of the Collateral or made in connection herewith or therewith. This Section 3(b) shall survive
the termination of this SGR Security Agreement and the discharge of the Grantors’ obligations hereunder and under the Loan Documents. 

Section 4. Representations and Warranties. Each Grantor represents and warrants as follows as of the date hereof: 

(a) All UCC filings necessary or reasonably requested by the Collateral Agent to create, preserve, protect and perfect the
security interests granted by such Grantor to the Collateral Agent for the benefit of the Secured Parties in respect of the Collateral have been accomplished by such Grantor to the extent that such security interests can be perfected by filings
under the UCC. Subject to any Intercreditor Agreement and any Other Intercreditor Agreement, the security interests granted to the Collateral Agent for the benefit of the Secured Parties pursuant to this SGR Security Agreement in and to the
Collateral 

  
 4 

 
constitute and hereafter at all times shall constitute a perfected security interest therein superior and prior to the rights of all other Persons therein (subject, in the case of priority only,
only to Permitted Liens) to the extent such perfection and priority can be obtained by filings under the UCC, and the Collateral Agent is entitled with respect to such perfected security interest to all the rights, priorities and benefits afforded
by the UCC to perfected security interests. 
 (b) There are no filings, registrations or recordings under Title 49 necessary
to create, preserve, protect or perfect the security interests granted by such Grantor to the Collateral Agent for the benefit of the Secured Parties in respect of the Collateral. 

(c) Such Grantor is, and as to Collateral acquired by it from time to time after the date hereof such Grantor will be, the
holder of all such Collateral free from any Lien except for Permitted Liens. 
 (d) There is no UCC financing statement
(or, to the knowledge of such Grantor, any similar statement or instrument of registration of a security interest under the law of any jurisdiction) in effect on the date hereof, covering or purporting to cover any security interest in the
Collateral (other than those relating to Permitted Liens). 
 (e) The chief executive office of such Grantor is located at
the address listed opposite such Grantor’s name in Schedule I hereto. 
 (f) With respect to its Pledged Route
Authorities relating to the Scheduled Services, such Grantor holds the requisite authority to operate over such Pledged Route Authorities pursuant to Title 49 and all rules and regulations promulgated thereunder, subject only to the regulations
of the DOT, the FAA and the applicable Foreign Aviation Authorities and applicable treaties and bilateral and multilateral air transportation agreements, and there exists no material violation by such Grantor of any certificate or order issued by
the DOT authorizing such Grantor to operate over such Pledged Route Authorities, the rules and regulations of any applicable Foreign Aviation Authority with respect to such Pledged Route Authorities or the provisions of Title 49 and rules and
regulations promulgated thereunder applicable to such Pledged Route Authorities that gives the FAA, DOT or any applicable Foreign Aviation Authority the right to modify in any material respect, terminate, cancel or withdraw the rights of such
Grantor in any such Pledged Route Authorities. 
 (g) Set forth in Schedule II is a true, correct and complete list of the
Slots at IATA Level 3 airports as of the last calendar week prior to the date hereof. Set forth in Schedule III is a true, correct and complete list of the Scheduled Services as of the last calendar week prior to the date hereof. 

  
 5 

 (h) Such Grantor holds each of its Pledged Slots pursuant to authority granted by
the applicable Governmental Authorities and Foreign Aviation Authorities, and there exists no material violation by such Grantor of the terms, conditions or limitations of any rule, regulation or order of the applicable Governmental Authorities or
Foreign Aviation Authorities regarding such Pledged Slots or any provisions of law applicable to such Pledged Slots that gives any applicable Governmental Authority or Foreign Aviation Authority the right to modify in any material respect,
terminate, cancel or withdraw the rights of such Grantor in any such Pledged Slots. 
 (i) Such Grantor holds each of its
Pledged Gate Leaseholds pursuant to authority granted by the applicable Airport Authority or Foreign Aviation Authority, and there exists no material violation by such Grantor of the regulations, terms, conditions or limitations of the relevant
Airport Authority or Foreign Aviation Authority applicable to any such Pledged Gate Leasehold or any provision of law applicable to any such Pledged Gate Leasehold that gives any applicable Airport Authority or Foreign Aviation Authority the right
to modify in any material respect, terminate, cancel or withdraw the rights of such Grantor in any such Pledged Gate Leasehold. 

(j) Such Grantor is an “air carrier” within the meaning of Section 40102 of Title 49 and holds a
certificate under Section 41102 of Title 49. Such Grantor holds an air carrier operating certificate issued pursuant to Chapter 447 of Title 49. Such Grantor is a United States Citizen. Such Grantor possesses all necessary
certificates, franchises, licenses, permits, rights, designations, authorizations, exemptions, concessions, frequencies and consents of any Governmental Authority which relate to the operation of the Scheduled Services and the conduct of its
business and operations as currently conducted, except where failure to so possess would not, individually or in the aggregate, have a Material Adverse Effect. 

(k) Such Grantor has full corporate power and authority and legal right to pledge all of the Collateral pursuant to, and as
provided in, this SGR Security Agreement. 
 (l) Except for any Transfer Restriction, the execution, delivery and performance
by such Grantor of this SGR Security Agreement do not require the consent, authorization by or approval of or notice to or filing or registration with any Governmental Authority or any other Person, other than (i) the filing of financing
statements under the UCC or any continuation statement required or 

  
 6 

 
contemplated to be filed hereby, (ii) such as may be required in order to perfect and register the security interests and liens purported to be created by this SGR Security Agreement,
(iii) approvals, consents and exemptions that have been obtained on or prior to the date hereof and remain in full force and effect, (iv) consents, approvals and exemptions that the failure to obtain in the aggregate would
not be reasonably expected to result in a Material Adverse Effect and (v) routine reporting obligations. 
 (m)
This SGR Security Agreement is made with full recourse to such Grantor and pursuant to and upon all the warranties, representations, covenants and agreements on the part of such Grantor contained herein. 

Section 5. Covenants. Each Grantor covenants and agrees with the Collateral Agent that so long as this SGR Security Agreement is
in effect: 
 (a) Such Grantor shall use commercially reasonable efforts to defend the Collateral against any and all claims
and demands of all Persons at any time claiming any interest therein adverse to the Collateral Agent or any Secured Party (other than Permitted Liens); provided that, for the avoidance of doubt, such Grantor’s only obligations with
respect to any Transfer Restriction described in clause (2) of the first proviso to Section 1 shall be as stated in the second proviso to Section 1. 

(b) Such Grantor shall not execute or authorize to be filed in any public office any UCC financing statement (or similar
statement or instrument of registration of a security interest under the law of any jurisdiction) relating to the Collateral, except UCC financing statements (or similar statements or instruments of registration of a security interest under the law
of any jurisdiction) filed or to be filed in respect of and covering the security interests granted hereby by such Grantor and except with respect to Permitted Liens. 

(c) Such Grantor shall give to the Collateral Agent timely written notice (but in any event not later than 30 days prior
to the expiration of the period of time specified under applicable law to prevent lapse of perfection) of any (i) change in its jurisdiction of incorporation, or (ii) change in its name, identity or corporate or other
organizational structure to such an extent that any UCC financing statement filed by the Collateral Agent in connection with this SGR Security Agreement would become seriously misleading; and such Grantor shall, in each case, provide such other
information in connection therewith as the Collateral Agent may reasonably request and shall make all filings under the UCC reasonably requested by the Collateral Agent to maintain the perfection and priority of the security interests of the
Collateral Agent on behalf of the Secured Parties in the Collateral intended to be granted hereby. 

  
 7 

 Section 6. Supplements, Further Assurances. 

(a) Any Grantor may, at any time and from time to time, execute and deliver to the Collateral Agent, and upon receipt the Collateral Agent
shall execute and deliver, a supplement to this SGR Security Agreement in substantially the form of Exhibit A hereto (each such supplement, an “SGR Security Agreement Supplement”) designating any
non-stop scheduled air carrier service being operated by such Grantor at such time (each, a “Designated Service”) as an additional Scheduled Service, identifying one or more airports (or if
applicable, designating airports within a particular region) outside the United States that is an origin and/or destination point for such Designated Service and, if applicable, identifying one or more route authorities to operate such Designated
Service as an additional Route Authority. Upon the execution and delivery of such SGR Security Agreement Supplement, (i) each such Designated Service shall be included in the definition of “Scheduled Services”, (ii) each
such route authority shall be included in the definition of “Route Authorities” and (iii) the Additional Collateral (as defined in such SGR Security Agreement Supplement) shall be Collateral hereunder. 

(b) Each Grantor agrees that at any time and from time to time, upon the reasonable request of the Collateral Agent and at the reasonable
expense of such Grantor, such Grantor will (i) take, or cause to be taken, such action with respect to the due and timely recording, filing, re-recording and
re-filing of any financing statements and any continuation statements under the UCC as are necessary to maintain the perfection of any security interest granted or purported to be granted or intended to be
granted hereby, subject, in each case, to Permitted Liens, or (ii) furnish the Collateral Agent with such financing statements and continuation statements, as may be required to enable the Collateral Agent to take such action. 

Section 7. Provisions Concerning Collateral. 

(a) UCC Financing Statements. Each Grantor hereby authorizes the Collateral Agent, at any time and from time to time, to
file or record such UCC financing statements which reasonably describe the Collateral and amendments thereto, in the form provided to it by such Grantor, as may from time to time be required or necessary to grant, continue and maintain a valid,
enforceable, first priority security interest in the Collateral as provided herein, subject to Permitted Liens (to the extent such perfection and priority can be obtained by filing a UCC financing statement), all in accordance with the UCC. Each
Grantor shall pay any applicable filing fees and other reasonable out-of-pocket expenses related to the filing of such UCC financing statements and amendments thereto.
The Collateral Agent hereby authorizes each Grantor to file (i) UCC financing statements and amendments to UCC financing statements filed on or prior to the date hereof in each case adding Collateral pursuant to a SGR Security Agreement
Supplement and (ii) continuation statements of any UCC financing statement naming the 

  
 8 

 
Collateral Agent, as secured party, and such Grantor, as debtor, in each case filed pursuant to the terms of this SGR Security Agreement, any SGR Security Agreement Supplement and the other Loan
Documents. Notwithstanding the foregoing and for the avoidance of doubt, no Grantor shall be responsible for the filing of any continuation statements of any UCC financing statements referred to herein unless such filing is requested by, and
expressly authorized by, the Collateral Agent. 
 (b) Compliance with Laws and Regulations. Except for matters that
would not reasonably be expected to result in a Material Adverse Effect, each Grantor shall comply with all laws, ordinances, orders, rules, regulations, and requirements of all federal, state, municipal or other governmental or quasi-governmental
authorities or bodies including, without limitation, Foreign Aviation Authorities, then applicable to the Collateral (or any part thereof) and/or the use thereof by such Grantor, of every nature and kind (the “Requirements”),
whether or not such Requirements shall now exist or shall hereafter be enacted or promulgated and whether or not the same may be said to be within the present contemplation of the parties hereto. Notwithstanding the foregoing, if any Grantor in good
faith contests a Requirement, it shall not be obligated to comply with such Requirement to the extent such non-compliance or deferral is consistent with law and does not have a Material Adverse Effect. 

(c) Notice of Violations. Each Grantor agrees to give the Collateral Agent notice of any violations of any Requirement
with respect to the Collateral or such Grantor’s use thereof that may reasonably be expected to have a Material Adverse Effect within fifteen (15) Business Days after a Responsible Officer of such Grantor obtains knowledge of such
violation. 
 (d) Disposition of Collateral. Any or all of the Collateral may be sold, leased, conveyed, transferred
or otherwise disposed of by any Grantor, subject to the terms of the Credit Agreement and each applicable Intercreditor Agreement and Other Intercreditor Agreement. 

Section 8. Collateral Agent Appointed
Attorney-in-Fact. The Grantors hereby appoint the Collateral Agent as each Grantor’s
attorney-in-fact, with full authority in the place and stead of each Grantor and in the name of each Grantor or otherwise, from time to time in the Collateral
Agent’s discretion, upon the occurrence and during the continuation of an Event of Default, and in accordance with and subject to any Intercreditor Agreement and any Other Intercreditor Agreement, to take any action and to execute any
instrument which the Collateral Agent may reasonably deem necessary or advisable to accomplish the purposes of this SGR Security Agreement, which appointment as
attorney-in-fact is coupled with an interest. 

  
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 Section 9. Collateral Agent May Perform. If any Grantor fails to perform any
agreement contained herein within a reasonable time after receipt of a written request to do so from the Collateral Agent, upon two (2) Business Days prior written notice the Collateral Agent may itself perform, or cause performance of, such
agreement, and the reasonable expenses of the Collateral Agent, including, without limitation, the reasonable fees and out-of-pocket expenses of its counsel, incurred in
connection therewith, shall be payable by the Borrower in accordance with Section 10.04 of the Credit Agreement and shall constitute Obligations. 

Section 10. The Collateral Agent. Each Grantor acknowledges that the rights and responsibilities of the Collateral Agent under
this SGR Security Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, voting right, request, judgment or other right or
remedy provided for herein or resulting or arising out of this SGR Security Agreement or any amendment, supplement or other modification of this SGR Security Agreement shall, as between the Collateral Agent and the Secured Parties, be governed by
the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Collateral Agent and each Grantor, the Collateral Agent shall be conclusively presumed to be acting as agent for
the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation, or entitlement, to make any inquiry respecting such authority. 

Section 11. Events of Default, Remedies. 

(a) Remedies: Obtaining the Collateral Upon Event of Default. In each case, subject to the requirements of applicable law (including
without limitation the UCC and Title 49) and subject to the approval of all necessary Governmental Authorities, Foreign Aviation Authorities and Airport Authorities, if any Event of Default shall have occurred and be continuing, then and in every
such case, the Collateral Agent may, subject to any Intercreditor Agreement and any Other Intercreditor Agreement, at any time or from time to time during the continuance of such Event of Default: 

(i) Declare the entire right, title and interest of any Grantor in and to the Collateral vested, in which event such right,
title and interest shall immediately vest in the Collateral Agent, in which case such Grantor agrees to execute and deliver such deeds of conveyance, assignments and other documents or instruments (including any notices or applications to the DOT,
the FAA, applicable Foreign Aviation Authorities, Governmental Authorities or Airport Authorities having jurisdiction over any such Collateral or the use thereof) as shall be requested by the Collateral Agent in order to effectuate the transfer of
such Collateral, together with copies of the certificates or orders issued by the DOT and the Foreign Aviation Authorities representing same and any other rights of such Grantor with respect thereto, to any designee or designees selected by the

  
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Collateral Agent and approved by all necessary Governmental Authorities, Foreign Aviation Authorities and Airport Authorities (provided that if any of the foregoing is not permitted under
applicable law or by the DOT or applicable Governmental Authority, Foreign Aviation Authority and/or Airport Authority, the Collateral Agent for the benefit of the Secured Parties shall nevertheless continue to have all of such Grantor’s right,
title and interest in and to all of the Proceeds (of any kind) received or to be received by such Grantor upon the transfer or other disposition of such Collateral); it being understood that each Grantor’s obligation to deliver such Collateral
and such documents and instruments with respect thereto, subject to the aforesaid limitations, is of the essence of this SGR Security Agreement; and 

(ii) Sell or otherwise liquidate, or direct any Grantor to sell or otherwise liquidate, any or all of the Collateral or any
part thereof and take possession of the Proceeds of any such sale or liquidation. 
 (b) Remedies; Disposition of the Collateral. In
each case, subject to the requirements of applicable law (including without limitation the UCC and Title 49), subject to the Credit Agreement, and subject to any Intercreditor Agreement and any Other Intercreditor Agreement, and subject to the
approval of all necessary Governmental Authorities, Foreign Aviation Authorities and Airport Authorities, if any Event of Default shall have occurred and be continuing: 

(i) (A) the Collateral Agent may from time to time exercise in respect of the Collateral, in addition to other rights
and remedies provided for herein or otherwise available to it, and all the rights and remedies of a secured party on default under the UCC at the time of such Event of Default, and the Collateral Agent may also in its sole discretion, without notice
except as specified below, sell the Collateral or any part thereof in one or more parcels at public or private sale, at any exchange, broker’s board or at any of the Collateral Agent’s offices or elsewhere, for cash, on credit or for
future delivery, and at such price or prices and upon such other terms as the Collateral Agent may deem commercially reasonable, (B) the Collateral Agent or any other Secured Party may be the purchasers of any or all of the Collateral at
any such sale and shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at such sale, to use and apply any of the Obligations owed to such Person as a
credit on account of the purchase price of any Collateral payable by such Person at such sale, (C) each purchaser at any such sale shall acquire the property sold absolutely free from any claim or right on the part of any Grantor, and
each Grantor hereby waives, to the fullest extent permitted by law, all rights of redemption, stay or appraisal which it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted,
(D) each Grantor agrees that, to the extent notice of sale shall 

  
 11 

 
be required by law, at least ten (10) days’ notice to the Borrower of the time and place of any public sale or the time after which any private sale is to be made shall constitute
reasonable notification, (E) the Collateral Agent shall not be obligated to make any sale of Collateral regardless of notice of sale having been given, (F) the Collateral Agent may adjourn any public or private sale from time
to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned and (G) each Grantor hereby waives, to the full extent permitted by law, any
claims against the Collateral Agent arising by reason of the fact that the price at which any Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale; 

(ii) (A) except as otherwise provided herein, each Grantor hereby waives, to the fullest extent permitted by applicable
law: (w) notice or judicial hearing in connection with the Collateral Agent’s taking possession or the Collateral Agent’s disposition of any of the Collateral, including, without limitation, any and all prior notice and hearing
for any prejudgment remedy or remedies and any such right which such Grantor would otherwise have under law; (x) all damages occasioned by such taking of possession; (y) all other requirements as to the time, place and terms
of sale or other requirements with respect to the enforcement of the Collateral Agent’s rights hereunder; and (z) all rights of redemption, appraisement, valuation, stay, extension or moratorium now or hereafter in force under any
applicable law and (B) any sale of, or the grant of options to purchase, or any other realization upon, any Collateral shall operate to divest all right, title, interest, claim and demand, either at law or in equity, of any Grantor
therein and thereto, and shall be a perpetual bar both at law and in equity against any Grantor and against any and all Persons claiming or attempting to claim the Collateral so sold, optioned or realized upon, or any part thereof, from, through and
under each Grantor; and 
 (iii) With respect to any Collateral, in connection with any foreclosure, collection, sale or
other enforcement of Liens granted to the Collateral Agent in this SGR Security Agreement, each Grantor will reasonably cooperate in good faith with the Collateral Agent in transferring the right to use such Collateral to any designee of the
Collateral Agent that is an air carrier or any other Person otherwise permitted to hold and use properties or rights as such Collateral and will, at the reasonable request of the Collateral Agent and in good faith, continue to operate and manage
such Collateral and maintain such Grantor’s applicable regulatory licenses with respect to such Collateral until such time as such designee obtains such licenses and governmental approvals as may be necessary or (in the reasonable opinion of
the Collateral Agent or its designee specified above) advisable to conduct aviation operations with respect to such Collateral. 

  
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 Section 12. Non-Lender Secured Parties. 

(a) Rights to Collateral. 

(i) The Non-Lender Secured Parties shall not have any right whatsoever to do any of the
following: (A) exercise any rights or remedies with respect to the Collateral or to direct the Collateral Agent to do the same, including, without limitation, the right to (1) enforce any Liens or sell or otherwise foreclose
on any portion of the Collateral, (2) request any action, institute any proceedings, exercise any voting rights, give any instructions, make any election or make collections with respect to all or any portion of the Collateral or
(3) release any Grantor under this SGR Security Agreement or release any Collateral from the Liens of any Collateral Document or consent to or otherwise approve any such release; (B) demand, accept or obtain any Lien on any
Collateral (except for Liens arising under, and subject to the terms of, this SGR Security Agreement); (C) vote in any Bankruptcy Case or similar proceeding in respect of Parent or any of its Subsidiaries (any such proceeding, for purposes of
this clause (i), a “Bankruptcy”) with respect to, or take any other actions concerning the Collateral; (D) receive any proceeds from any sale, transfer or other disposition of any of the Collateral (except in accordance
with this SGR Security Agreement); (E) oppose any sale, transfer or other disposition of the Collateral; (F) object to any debtor-in-possession
financing in any Bankruptcy which is provided by one or more Lenders among others (including on a priming basis under Section 364(d) of the Bankruptcy Code); (G) object to the use of cash collateral in respect of the Collateral in any
Bankruptcy; or (H) seek, or object to the Lenders, the Administrative Agent or the Collateral Agent seeking on an equal and ratable basis, any adequate protection or relief from the automatic stay with respect to the Collateral in any
Bankruptcy. 
 (ii) Each Non-Lender Secured Party, by its acceptance of the benefits
of this SGR Security Agreement and the other Collateral Documents, agrees that in exercising rights and remedies with respect to the Collateral, the Collateral Agent and the Lenders, with the consent of the Collateral Agent, may enforce the
provisions of the Collateral Documents and exercise remedies thereunder and under any other Loan Documents (or refrain from enforcing rights and exercising remedies), all in such order and in such manner as they may determine in the exercise of
their sole business judgment and subject to the terms of any Intercreditor Agreement and any Other Intercreditor Agreement. Such exercise and enforcement shall include, without limitation, the rights to collect, sell, dispose of or otherwise realize
upon all or any part of the Collateral, to incur expenses in connection with such collection, sale, disposition or other realization and to exercise all the rights and remedies of a secured lender under the UCC. The
Non-Lender Secured Parties by their acceptance of the benefits of this SGR 

  
 13 

 
Security Agreement and the other Collateral Documents hereby agree not to contest or otherwise challenge any such collection, sale, disposition or other realization of or upon all or any of the
Collateral. Whether or not a Bankruptcy Case has been commenced, the Non-Lender Secured Parties shall be deemed to have consented to any sale or other disposition of any property, business or assets of Parent
or any of its Subsidiaries and the release of any or all of the Collateral from the Liens of any Collateral Document in connection therewith. 

(iii) Notwithstanding any provision of this Section 12(a), the Non-Lender Secured
Parties shall be entitled, subject to any Intercreditor Agreement and any Other Intercreditor Agreement, to file any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleadings
(A) in order to prevent any Person from seeking to foreclose on the Collateral or supersede the Non-Lender Secured Parties’ claim thereto or (B) in opposition to any motion, claim,
adversary proceeding or other pleading made by any Person objecting to or otherwise seeking the disallowance of the claims of the Non-Lender Secured Parties. Each
Non-Lender Secured Party, by its acceptance of the benefits of this SGR Security Agreement, agrees to be bound by and to comply with any Intercreditor Agreement and any Other Intercreditor Agreement and
authorizes the Collateral Agent to enter into the Intercreditor Agreements and Other Intercreditor Agreements on its behalf. 

(iv) Each Non-Lender Secured Party, by its acceptance of the benefits of this SGR
Security Agreement, agrees that the Collateral Agent and the Lenders may deal with the Collateral, including any exchange, taking or release of Collateral, may change or increase the amount of the Obligations, and may release any Grantor from its
Obligations hereunder, all without any liability or obligation (except as may be otherwise expressly provided herein) to the Non-Lender Secured Parties. 

(b) Appointment of Agent. Each Non-Lender Secured Party, by its acceptance of the benefits of
this SGR Security Agreement and the other Collateral Documents, shall be deemed irrevocably to make, constitute and appoint the Collateral Agent, as agent under the Credit Agreement (and all officers, employees or agents designated by the Collateral
Agent) as such Person’s true and lawful agent and attorney-in-fact, and in such capacity, the Collateral Agent shall have the right, with power of substitution for
the Non-Lender Secured Parties and in each such Person’s name or otherwise, to effectuate any sale, transfer or other disposition of the Collateral. It is understood and agreed that the appointment of the
Collateral Agent as the agent and attorney-in-fact of the Non-Lender Secured Parties for the purposes set forth herein is coupled
with an interest and is irrevocable. It is understood and agreed that the Collateral Agent has appointed the Administrative Agent as its agent for purposes of perfecting certain of the security interests created hereunder and for otherwise carrying
out certain of its obligations hereunder. 

  
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 (c) Waiver of Claims. To the maximum extent permitted by law, each Non-Lender Secured Party waives any claim it might have against the Collateral Agent or the Lenders with respect to, or arising out of, any action or failure to act or any error of judgment, negligence, or mistake
or oversight whatsoever on the part of the Collateral Agent or the Lenders or their respective directors, officers, employees or agents with respect to any exercise of rights or remedies under the Loan Documents or any transaction relating to the
Collateral (including, without limitation, any such exercise described in Section 12(a)(ii)), except for any such action or failure to act that constitutes willful misconduct or gross negligence of such Person. To the maximum extent permitted by
applicable law, none of the Collateral Agent or any Lender or any of their respective directors, officers, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall
be under any obligation to sell or otherwise dispose of any Collateral upon the request of Parent, any Subsidiary of Parent, any Non-Lender Secured Party or any other Person or to take any other action or
forbear from doing so whatsoever with regard to the Collateral or any part thereof, except for any such action or failure to act that constitutes willful misconduct or gross negligence of such Person. 

Section 13. Application of Proceeds. 

(a) Any cash held by the Collateral Agent as Collateral and all cash Proceeds received (including a distribution of Collateral in connection
with any Bankruptcy Case or similar proceeding) by the Collateral Agent in respect of any sale of, collection from, or other realization upon all or any part of the Collateral pursuant to the exercise by the Collateral Agent of its remedies as a
secured creditor as provided in Section 11 of this SGR Security Agreement shall, subject to the terms of any Intercreditor Agreement and any Other Intercreditor Agreement, be applied from time to time by the Collateral Agent in accordance with
the terms of the Credit Agreement. 
 (b) It is understood that, to the extent permitted by applicable law, each Grantor shall remain liable
to the extent of any deficiency between the amount of the Proceeds of the Collateral and the aggregate amount of the outstanding Obligations. 

Section 14. No Waiver; Discontinuance of Proceeding. 

(a) Each and every right, power and remedy hereby specifically given to the Collateral Agent or otherwise in this SGR Security Agreement shall
be cumulative and shall be in addition to every other right, power and remedy specifically given under this SGR Security Agreement or the other Loan Documents now or hereafter existing at law, in equity or by statute and each and every right, power
and remedy whether specifically 

  
 15 

 
herein given or otherwise existing may be exercised from time to time or simultaneously and as often and in such order as may be deemed expedient by the Collateral Agent. All such rights, powers
and remedies shall be cumulative and the exercise or the beginning of the exercise of one shall not be deemed a waiver of the right to exercise any other or others. No delay or omission of the Collateral Agent in the exercise of any such right,
power or remedy and no renewal or extension of any of the Obligations shall impair any such right, power or remedy or shall be construed to be a waiver of any default or Event of Default or an acquiescence therein. No notice to or demand on any
Grantor in any case shall entitle it to any other or further notice or demand in similar or other circumstances or constitute a waiver of any of the rights of the Collateral Agent to any other or further action in any circumstances without notice or
demand. In the event that the Collateral Agent shall bring any suit to enforce any of its rights hereunder and shall be entitled to judgment, then in such suit the Collateral Agent may recover reasonable out-of-pocket expenses, including reasonable attorneys’ fees, and the amounts thereof shall be included in such judgment. 

(b) In the event the Collateral Agent shall have instituted any proceeding to enforce any right, power or remedy under this SGR Security
Agreement by foreclosure, sale, entry or otherwise, and such proceeding shall have been discontinued or abandoned for any reason or shall have been determined adversely to the Collateral Agent, then and in every such case each Grantor, the
Collateral Agent and each Secured Party shall, to the extent permitted by applicable law, be restored to their respective former positions and rights hereunder with respect to the Collateral, and all rights, remedies and powers of the Collateral
Agent and the Secured Parties shall continue as if no such proceeding had been instituted. 
 Section 15. Amendments, etc. This
SGR Security Agreement may not be amended, modified or waived except with the written consent of each Grantor and the Collateral Agent (who shall act pursuant to and in accordance with the terms of Section 10.08 of the Credit Agreement);
provided that unless separately agreed in writing between each Grantor and any Non-Lender Secured Party, no such waiver and no such amendment or modification shall amend, modify or waive Section 12
(or the definition of “Non-Lender Secured Party” or “Secured Party” to the extent relating thereto) if such waiver, amendment, or modification would disproportionately directly and
adversely affect a Non-Lender Secured Party as compared to the Lenders without the written consent of such affected Non-Lender Secured Party. Any amendment, modification
or supplement of or to any provision of this SGR Security Agreement, any termination or waiver of any provision of this SGR Security Agreement and any consent to any departure by any Grantor from the terms of any provision of this SGR Security
Agreement shall be effective only in the specific instance and for the specific purpose for which made or given. No notice to or demand upon any Grantor in any instance hereunder shall entitle such Grantor to any other or further notice or demand in
similar or other circumstances. For the avoidance of doubt, it is understood and agreed that any 

  
 16 

 
amendment, amendment and restatement, waiver, supplement or other modification of or to any Intercreditor Agreement or any Other Intercreditor Agreement that would have the effect, directly or
indirectly, through any reference herein to any Intercreditor Agreement or any Other Intercreditor Agreement or otherwise, of waiving, amending, supplementing or otherwise modifying this SGR Security Agreement, or any term or provision hereof, or
any right or obligation of any Grantor hereunder or in respect hereof, shall not be given such effect except pursuant to a written instrument executed by such Grantor and the Collateral Agent in accordance with this Section 15. Notwithstanding
the foregoing, the Grantors may cause the Schedules hereto to be amended, supplemented or otherwise modified without the consent of any Person in order to (i) evidence the addition of Collateral pursuant to Section 6(a) or the release of
Collateral pursuant to Section 16, or (ii) otherwise evidence the release or addition of Collateral in accordance with this SGR Security Agreement and the Credit Agreement; provided that, in the case of the addition or release of any
Collateral consisting of Route Authorities, the Borrower shall, at the written request of the Collateral Agent, promptly amend, supplement or otherwise modify Schedule III to reflect such addition or release. 

Section 16. Termination; Release. 

(a) At such time as the Obligations (other than any contingent indemnification Obligations for which no demand has been made and any
Obligations owing to a Non-Lender Secured Party) then due and owing shall have been paid in full, the Commitments under the Credit Agreement have been terminated and no Letters of Credit shall be outstanding
(except for Letters of Credit that have been cash collateralized or otherwise provided for in a manner reasonably satisfactory to the Administrative Agent), all Collateral shall be automatically released from the Liens created hereby, and this SGR
Security Agreement and all obligations (other than those expressly stated to survive such termination) of the Collateral Agent and each Grantor shall automatically terminate, all without delivery of any instrument or performance of any act by any
party, and all rights to the Collateral shall revert to the applicable Grantor. At the request and sole expense of any Grantor following any such termination, the Collateral Agent shall promptly execute, acknowledge and deliver to such Grantor such
releases, instruments or other documents (including without limitation UCC termination statements), and do or cause to be done all other acts, as such Grantor shall reasonably request to evidence such termination. 

(b) Upon any Permitted Disposition of Collateral (whether by way of the sale of assets or the sale of Capital Stock of a Grantor of
Collateral) of the type described in items (1), (2) (provided the requirements set forth in the first proviso to such section are satisfied), (4) and (5) of the definition of “Permitted Disposition” or any other type of Permitted
Disposition involving divestiture of any Grantor’s title to the related Collateral under the Credit Agreement, the Lien pursuant to this SGR Security Agreement on such sold or disposed of Collateral shall be automatically released. In
connection with any other Disposition of Collateral not covered by the preceding sentence (whether by way of 

  
 17 

 
the sale of assets or the sale of Capital Stock of a Grantor of such Collateral) permitted under the Credit Agreement, the Collateral Agent shall, upon receipt from such Grantor of a written
request for the release of the Collateral subject to such sale or other disposition (or in the case of a sale of Capital Stock of such Grantor, the release of such Grantor’s Collateral), at such Grantor’s sole cost and expense, promptly
execute, acknowledge and deliver to such Grantor such releases, instruments or other documents (including without limitation UCC termination statements), and do or cause to be done all other acts, as such Grantor shall reasonably request to evidence
or effect the release of the Liens created hereby (if any) on such Collateral. 
 (c) For the avoidance of doubt, (i) if any
Slot ceases to be included in the Collateral because it ceases to be actually utilized in connection with the Scheduled Services or any Gate Leasehold ceases to be included in the Collateral because it ceases to be used for servicing the Scheduled
Services relating to the airport at which such Gate Leasehold is located, such Slot or Gate Leasehold shall be automatically released from the Lien of this SGR Security Agreement and (ii) subject to clause (1) of the first proviso
to Section 1 hereof, if any FAA Slot or Foreign Slot now held or hereafter acquired by any Grantor becomes an FAA Route Slot or Foreign Route Slot, respectively, or any right, title, privilege, interest and authority now held or hereafter
acquired by such Grantor in connection with the right to use or occupy space in an airport terminal becomes a Gate Leasehold, such FAA Slot, Foreign Slot or right, title, privilege, interest and authority shall be automatically subject to the Lien
of this SGR Security Agreement. 
 (d) [Reserved]. 

(e) Upon the release of any Grantor from its guarantee of the Obligations pursuant to Section 9.05 of the Credit Agreement, such Grantor
shall cease to be a Grantor hereunder and the items of Collateral owned by such Grantor shall be released from the Lien and security interest granted hereby, and in connection therewith, the Collateral Agent will, at the applicable Grantor’s
expense, execute and deliver to such Grantor such documents as it shall reasonably request (without recourse and without any representation or warranty), including, without limitation, any UCC termination statements and any amendment or modification
of this SGR Security Agreement pursuant to a SGR Security Agreement Supplement or otherwise, to evidence the release of such Grantor and such Grantor’s Collateral from the Lien and security interest granted hereby and reassignment of all right,
title and interest of the Collateral Agent in all of such Grantor’s Collateral to such Grantor. For the avoidance of doubt, upon any merger or consolidation pursuant to Section 6.10(b) of the Credit Agreement, the Collateral shall not be
released pursuant to this Section 16(e) so long as following such merger or consolidation, the surviving entity is another Grantor party to this SGR Security Agreement. 

  
 18 

 (f) Upon the direction of the Borrower pursuant to and in accordance with Section 6.09(c) of the
Credit Agreement, such items of Collateral as may be specified by the Borrower shall be released from the Lien and security interest granted hereby, and in connection therewith, the Collateral Agent will, at the applicable Grantor’s expense,
execute and deliver to such Grantor such documents as it shall reasonably request (without recourse and without any representation or warranty), including, without limitation, any UCC termination statements and any amendment or modification of this
SGR Security Agreement pursuant to a SGR Security Agreement Supplement or otherwise, to evidence the release of such items of Collateral from the Lien and security interest granted hereby and reassignment of all right, title and interest of the
Collateral Agent in all of such Grantor’s specified Collateral to such Grantor. 
 (g) If the Borrower or any other Grantor requests
release documentation with respect to any Collateral released as provided in this Section 16, including UCC termination statements or other release-related documentation, the Borrower or other Grantor requesting such
documentation shall deliver to the Collateral Agent an Officer’s Certificate stating that the release of such Grantor’s respective Collateral that is to be evidenced by such UCC termination statements or other instruments is permitted
pursuant to this Section 16 and the relevant provisions of the Credit Agreement (provided that an Officer’s Certificate delivered to the Administrative Agent pursuant to Section 6.09(c) of the Credit Agreement
shall be deemed to satisfy the requirements of this clause (g)). The Collateral Agent shall have no liability whatsoever to any Secured Party as the result of any release of Collateral by it as permitted by this Section 16. 

Section 17. Definitions; Rules of Interpretation. 

(a) Defined Terms. The following terms shall have the following meanings: 

“Additional Agent” shall have the meaning provided in the Intercreditor Agreement. 

“Additional Collateral Documents” shall have the meaning provided in the Intercreditor Agreement. 

“Additional Credit Facility Secured Parties” shall have the meaning provided in the Intercreditor Agreement.

 “Additional Obligations” shall have the meaning provided in the Intercreditor Agreement. 

“Administrative Agent” shall have the meaning provided in the Credit Agreement. 

  
 19 

 “Airport Authority” shall have the meaning provided in the
Credit Agreement. 
 “Banking Product Provider” shall mean any Person that has entered into a Designated
Banking Product Agreement with Parent or the Grantor. 
 “Bankruptcy Case” shall mean (a) pursuant to
or within the meaning of Bankruptcy Law, (i) a voluntary case commenced by Parent or any of its Subsidiaries, (ii) an involuntary case in which Parent or any of its Subsidiaries consent to the entry of an order for relief against it,
(iii) an appointment consented to by Parent or any of its Subsidiaries of a custodian of it or for all or substantially all of its property, (iv) the making of a general assignment for the benefit of its creditors by Parent or any of its
Subsidiaries or (v) the admission in writing of Parent’s or any of its Subsidiaries’ inability generally to pay its debts or (b) an order or decree under any Bankruptcy Law entered by a court of competent jurisdiction that
(i) is for relief against Parent or any of its Subsidiaries in an involuntary case, (ii) appoints a custodian of Parent or any of its Subsidiaries for all or substantially all of the property of Parent or any of its Subsidiaries,
(iii) orders the liquidation of Parent or any of its Subsidiaries, and in each case of this clause (b) the order or decree remains unstayed and in effect for 60 consecutive days. 

“Bankruptcy Code” shall have the meaning provided in the Credit Agreement. 

“Bankruptcy Law” shall have the meaning provided in the Credit Agreement. 

“Business Day” shall have the meaning provided in the Credit Agreement. 

“Capital Stock” shall have the meaning provided in the Credit Agreement. 

“Closing Date shall have the meaning provided in the Credit Agreement. 

“Collateral” shall have the meaning provided in Section 1 hereof. 

“Collateral Agent” shall have the meaning provided in the preamble hereof. 

“Collateral Documents” shall have the meaning provided in the Credit Agreement. 

“Commitments” shall have the meaning provided in the Credit Agreement. 

  
 20 

 “Credit Agreement” shall have the meaning provided in the
recitals hereof. 
 “Designated Banking Product Agreement” shall have the meaning provided in the Credit
Agreement. 
 “Designated Hedging Agreement” shall have the meaning provided in the Credit Agreement. 

“Designated Service” shall have the meaning provided in Section 6(a) hereof. 

“Discharge of Additional Obligations” shall have the meaning provided in the Intercreditor Agreement. 

“DOT” shall have the meaning provided in the Credit Agreement. 

“Event of Default” shall have the meaning provided in the Credit Agreement. 

“FAA” shall have the meaning provided in the Credit Agreement. 

“FAA Route Slot” shall have the meaning provided in the Credit Agreement. 

“FAA Slot” shall have the meaning provided in the Credit Agreement. 

“Foreign Aviation Authority” shall have the meaning provided in the Credit Agreement. 

“Foreign Route Slot” shall have the meaning provided in the Credit Agreement. 

“Foreign Slot” shall have the meaning provided in the Credit Agreement. 

“Gate Leasehold” shall have the meaning provided in the Credit Agreement. 

“General Intangible” shall have the meaning provided in the NY UCC. 

“Governmental Authority” shall have the meaning provided in the Credit Agreement. 

“Grantor” shall have the meaning provided in the preamble hereof. 

  
 21 

 “Hedging Provider” shall mean any Person that has entered into a
Designated Hedging Agreement with Parent or the Grantor. 
 “Indebtedness” shall have the meaning provided
in the Credit Agreement. 
 “Intercreditor Agreement” shall have the meaning provided in the Credit
Agreement. 
 “Joinder Agreement” shall mean a Joinder Agreement to this SGR Security Agreement,
substantially in the form of Exhibit B hereto. 
 “Lenders” shall have the meaning provided in the
recitals hereof. 
 “Letter of Credit” shall have the meaning provided in the Credit Agreement. 

“Liens” shall have the meaning provided in the Credit Agreement. 

“Loan Documents” shall have the meaning provided in the Credit Agreement. 

“Material Adverse Effect” shall have the meaning provided in the Credit Agreement. 

“Non-Lender Secured Parties” shall mean, collectively, all Banking
Product Providers and Hedging Providers and their respective successors, assigns and transferees. For the avoidance of doubt, “Non-Lender Secured Parties” shall exclude Banking Product Providers and
Hedging Providers in their capacities as Lenders, if applicable. 
 “NY UCC” shall mean the Uniform
Commercial Code, as in effect in the state of New York from time to time. 
 “Obligations” shall have the
meaning provided in the Credit Agreement. For the avoidance of doubt, “Obligations” does not include any Indebtedness or other obligations under any Pari Passu Notes (as defined in the Credit Agreement). 

“Officer’s Certificate” shall have the meaning provided in the Credit Agreement. 

“Other Intercreditor Agreement” shall have the meaning provided in the Credit Agreement. 

  
 22 

 “Parent” shall have the meaning provided in the recitals hereof.

 “Permitted Disposition” shall have the meaning provided in the Credit Agreement. 

“Permitted Liens” shall have the meaning provided in the Credit Agreement. 

“Person” shall have the meaning provided in the Credit Agreement. 

“Pledged Gate Leaseholds” shall have the meaning provided in the Credit Agreement. 

“Pledged Route Authorities” shall have the meaning provided in the Credit Agreement. 

“Pledged Slots” shall have the meaning provided in the Credit Agreement. 

“Proceeds” shall have the meaning assigned to that term under the NY UCC or under other relevant law and, in
any event, shall include, but not be limited to, any and all (i) proceeds of any insurance, indemnity, warranty or guarantee payable to the Collateral Agent or to any Grantor from time to time with respect to physical damage to any of
the Collateral, (ii) payments (in any form whatsoever), made or due and payable to any Grantor from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral
by any Governmental Authority (or any Person acting under color of Governmental Authority), and (iii) instruments representing obligations to pay amounts to any Grantor in respect of the Collateral. 

“Requirements” shall have the meaning provided in Section 7(b) hereof. 

“Responsible Officer” shall have the meaning provided in the Credit Agreement. 

“Route Authorities” shall mean, at any time of determination, any route authority identified in Schedule III
hereto as such Schedule may be amended or modified from time to time pursuant to Sections 6(a) or 15 hereof or any SGR Security Agreement Supplement, as applicable, as the route authority with respect to any additional Scheduled
Service being designated by this SGR Security Agreement or such SGR Security Agreement Supplement, as applicable, and “Route Authority” shall have the meaning provided in the Credit Agreement. 

“Scheduled Services” shall mean, at any time of determination, (i) each
non-stop scheduled air carrier service being operated by a Grantor, in each case, 

  
 23 

 
as identified in Schedule III hereto (as such Schedule may be amended or modified from time to time pursuant to Sections 6(a) or 15 hereof) and (ii) any other
non-stop scheduled air carrier service being operated by a Grantor at such time that has been designated as an additional “Scheduled Service” pursuant to any SGR Security Agreement Supplement, and
“Scheduled Service” shall mean any of such Scheduled Services as the context requires. 
 “Secured
Parties” shall have the meaning provided in the Credit Agreement. 
 “Senior Priority Obligations”
shall have the meaning provided in the Intercreditor Agreement. 
 “Senior Priority Representative” shall
have the meaning provided in the Intercreditor Agreement. 
 “SGR Security Agreement” shall have the meaning
provided in the preamble hereof. 
 “SGR Security Agreement Supplement” shall have the meaning provided in
Section 6(a) hereof. 
 “Slots” shall have the meaning provided in the Credit Agreement. 

“Temporary FAA Slot” shall have the meaning provided in the Credit Agreement. 

“Temporary Foreign Slot” shall have the meaning provided in the Credit Agreement. 

“Title 14” shall have the meaning provided in the Credit Agreement. 

“Title 49” shall have the meaning provided in the Credit Agreement. 

“Transfer Restriction” shall have the meaning provided in Section 1 hereof. 

“UCC” shall mean the Uniform Commercial Code, as in effect from time to time in any applicable jurisdiction.

 “United States Citizen” shall have the meaning provided in the Credit Agreement. 

  
 24 

 (b) Rules of Interpretation. The parties to this SGR Security Agreement agree that the
rules of interpretation set out in Section 1.02 of the Credit Agreement shall apply to this SGR Security Agreement mutatis mutandis as if set out in this SGR Security Agreement. 

Section 18. Notices. 

(a) Except in the case of notices and other communications expressly permitted to be given by telephone (and subject to paragraph (b)
below), all notices and other communications provided for herein shall be in writing (including by facsimile or electronic mail), and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by
facsimile, as follows: 
 (i) if to any Grantor, to it at the notice address provided for such Grantor in Schedule I hereto;
and 
 (ii) if to Citibank, N.A., as Collateral Agent, to it at [ ● ], facsimile[ ● ]; email:
[ ● ]; Attention: [ ● ]. 
 (b) The Collateral Agent or any Grantor may, in its reasonable discretion, agree
to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. 

(c) Any party hereto may change its address or facsimile number for notices and other communications hereunder by notice to the other parties
hereto. All notices and other communications given to any party hereto in accordance with the provisions of this SGR Security Agreement shall be deemed to have been given on the date of receipt. 

Section 19. Continuing Security Interest; Transfer of Indebtedness. This SGR Security Agreement shall create a continuing security
interest in the Collateral and shall (i) remain in full force and effect until the termination of this SGR Security Agreement in accordance with Section 16(a), (ii) be binding upon each Grantor, its successors and assigns,
and (iii) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent and each other Secured Party and each of their respective successors, permitted transferees and permitted
assigns; no other persons (including, without limitation, any other creditor of any Grantor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (iii) and
subject to the provisions of the applicable Loan Documents (including any Intercreditor Agreement and any Other Intercreditor Agreement), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this SGR Security
Agreement to any other Person, and following such assignment or transfer, the Collateral Agent shall hold the security interest and mortgage of this SGR 

  
 25 

 
Security Agreement for the benefit of such other Person, subject, however, to the provisions of the applicable Loan Documents (including any Intercreditor Agreement and any Other Intercreditor
Agreement). 
 Section 20. Governing Law. THIS SCHEDULED SERVICES SGR SECURITY AGREEMENT HAS BEEN DELIVERED IN THE STATE OF
NEW YORK, AND THIS SCHEDULED SERVICES SGR SECURITY AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS SCHEDULED SERVICES SGR SECURITY AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK. 
 Section 21. Waiver of Jury Trial. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS SCHEDULED SERVICES SGR SECURITY AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED
ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT 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 AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS SCHEDULED SERVICES SGR SECURITY AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS SECTION 21. 
 Section 22. Consent to Jurisdiction and Service of Process. 

(a) Each party hereto hereby irrevocably and unconditionally submits, for itself and its property in any legal action or proceeding relating
to this SGR Security Agreement and the other Loan Documents to which it is a party, to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern
District of New York and appellate courts from either of them and any appellate court from any thereof, in any action or proceeding arising out of or relating to this SGR Security Agreement, and each of the parties hereto hereby irrevocably and
unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State court or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final
judgment in any such action or proceeding shall, to the extent permitted by law, be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 

  
 26 

 (b) Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this SGR Security Agreement in any court referred to in Section 21(a). Each of the
parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(c) Each party hereto hereby irrevocably and unconditionally consents to service of process in the manner provided for notices in
Section 18. Nothing in this SGR Security Agreement will affect the right of any party to this SGR Security Agreement to serve process in any other manner permitted by law. 

Section 23. Security Interest Absolute. To the extent permitted by applicable law, the obligations of the Grantors hereunder shall
remain in full force and effect without regard to, and shall not be impaired by (a) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of any Grantor, except to the extent that the
enforceability thereof may be limited by any such event; (b) any exercise or non-exercise, or any waiver of any right, remedy, power or privilege under or in respect of this SGR Security Agreement
or any other Loan Documents, except as specifically set forth in a waiver granted pursuant to Section 15; (c) any lack of validity or enforceability of the Liens granted hereunder; or (d) any other circumstances which might
otherwise constitute a defense available to, or a discharge of, any Grantor (other than payment or performance in accordance with the terms of the Loan Documents (including any Intercreditor Agreement and any Other Intercreditor Agreement)). 

Section 24. Severability of Provisions. To the extent permitted by applicable law, any provision of this SGR Security Agreement
held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the
remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

Section 25. Headings. Section headings used herein are for convenience only and are not to affect the construction of or be taken
into consideration in interpreting this SGR Security Agreement. 
 Section 26. Execution in Counterparts. This SGR Security
Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed
counterpart of a signature page of this SGR Security Agreement by facsimile or electronic .pdf copy shall be effective as delivery of a manually executed counterpart of this SGR Security Agreement. 

  
 27 

 Section 27. Additional Grantors. If, at the option of the Borrower or as required
pursuant to Section 5.09 of the Credit Agreement, the Borrower shall cause any Affiliate that is not a Grantor to become a Grantor hereunder, such Affiliate shall execute and deliver to the Collateral Agent a Joinder Agreement substantially in
the form of Exhibit B and shall thereafter for all purposes be a party hereto and have the same rights, benefits and obligations as a Grantor party hereto on the date hereof, it being understood that Section 1 shall apply to, and the
representations and warranties contained in Section 4 shall be made by, such Affiliate only after such Affiliate executes and delivers to the Administrative Agent a Joinder Agreement. 

Section 28. Successors and Assigns. This SGR Security Agreement shall be binding upon each Grantor and its successors and assigns
and shall inure to the benefit of the Collateral Agent and each Secured Party and their respective successors and permitted assigns; provided that no Grantor may transfer or assign any or all of its rights or obligations hereunder without the
prior written consent of the Collateral Agent, unless otherwise permitted by the applicable Loan Documents. All agreements, statements, representations and warranties made by any Grantor herein or in any certificate or other instrument delivered by
such Grantor or on its behalf under this SGR Security Agreement shall be considered to have been relied upon by the Secured Parties and shall survive the execution and delivery of this SGR Security Agreement and the other Loan Documents regardless
of any investigation made by the Secured Parties or on their behalf. 
 Section 29. Limited Obligations. It is the desire and
intent of each Grantor, the Collateral Agent and the Secured Parties that this SGR Security Agreement shall be enforced against each Grantor to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which
enforcement is sought. If and to the extent that the obligations of any Grantor under this SGR Security Agreement shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or
federal law relating to fraudulent conveyances or transfers, which laws would determine the solvency of such Grantor by reference to the full amount of the Obligations at the time of the execution and delivery of this SGR Security Agreement), then
the amount of the Obligations of such Grantor shall be deemed to be reduced and such Grantor shall pay the maximum amount of the Obligations which would be permissible under the applicable law. 

Section 30. Construction of Schedules. It is understood and agreed that Schedule II is intended to be
descriptive of the Slots listed on such Schedule as of the last calendar week prior to the date hereof and that Schedule III is intended to be descriptive of the Scheduled Services listed on such Schedule as of the date hereof, and such
Schedules shall not be construed as expanding or limiting in any way the Collateral subject to this SGR Security Agreement. 
 [Remainder
of Page Intentionally Left Blank] 

  
 28 

 IN WITNESS WHEREOF, the Borrower, as a Grantor and the Collateral Agent each has caused this SGR
Security Agreement to be duly executed and delivered by its officer thereunto duly authorized as of the date first above written. 
  

			
	AMERICAN AIRLINES, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 Security Agreement
(Slots, Gate Leaseholds and Route Authorities) 

 
			
	CITIBANK, N.A.,
as Collateral Agent
		
	By:	 	  

		 	Name:
		 	Title:

  
 Signature Page to
American Airlines, Inc. - Security Agreement (Slots, Gate Leaseholds and Route Authorities) 

 Schedule I 

SCHEDULE OF GRANTORS; LOCATIONS OF CHIEF EXECUTIVE OFFICES AND ADDRESSES 

 

			
	GRANTOR	  	ADDRESS
		
	AMERICAN AIRLINES, INC.	  	 4333 AMON CARTER BOULEVARD, 
  

FORT WORTH, TEXAS 76155

 Schedule II 

SLOTS 
 [See attached.]

 Schedule III 

SCHEDULED SERVICES 

[ ● ] 
 ROUTE
AUTHORITIES 
 [ ● ] 

 Exhibit A 

to SGR Security Agreement 
 FORM
OF SGR SECURITY AGREEMENT SUPPLEMENT 
 SGR Security Agreement Supplement No.      

SCHEDULED SERVICES SGR SECURITY AGREEMENT SUPPLEMENT NO.      , dated         ,
         (“SGR Security Agreement Supplement”), between [             ], a
[             ] (together with its permitted successors and assigns, the “Grantor”) and CITIBANK, N.A., as Collateral Agent (in such capacity, together with its successors
and permitted assigns in such capacity, the “Collateral Agent”). 
 W I T N E S
S E T H: 
 A. Reference is made to the Security Agreement (Slots, Gate Leaseholds and Route Authorities), dated
as of              , 20     (as may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “SGR Security
Agreement”), between the Grantor, [the other Grantors party thereto] and the Collateral Agent. 
 B. Capitalized terms used herein
and not otherwise defined herein shall have the meanings assigned to such terms in the SGR Security Agreement. 
 C. Section 6(a) of the SGR
Security Agreement provides that the Grantor may, at any time and from time to time, designate additional non-stop scheduled air carrier services being operated by the Grantor at such time as additional
Scheduled Services by execution and delivery of supplements thereto. 
 Accordingly, the Grantor and the Collateral Agent agree as follows:

 In accordance with Section 6(a) of the SGR Security Agreement: 

(x) the non-stop scheduled air carrier service[s] listed below (the “Designated
Service[s]”) [is][are] hereby designated as [a] Scheduled Service[s] under the SGR Security Agreement, and Schedule III of the SGR Security Agreement is hereby amended and supplemented to include such Designated Service[s] for all purposes
of the SGR Security Agreement. 
 Designated Services 

  
 A-1 

 [list Designated Service(s)];1 

[and] 
 [[each
of][            ], (the “Additional Route Authorit[y][ies]”) [in each case] as more specifically described in Schedule I hereto, is identified as a route authority to
operate the related Designated Services.]2 
 NOW, THEREFORE, to secure all of the
Obligations, the Grantor hereby pledges, grants and creates a security interest and mortgage in favor of the Collateral Agent for its benefit and the benefit of the other Secured Parties in all of the following assets, rights and properties, whether
real or personal and whether tangible or intangible (the “Additional Collateral”): 
 (i) all of the right,
title and interest of the Grantor in, to and under [the Additional Route Authorities,] [the Additional Slots] and [the Additional Foreign Gate Leaseholds], whether now owned or held or hereafter acquired and whether such assets, rights or properties
constitute General Intangibles or another type or category of collateral under the NY UCC or any other type of asset, right or property; and 

(ii) all of the right, title and interest of the Grantor in, to and under all Proceeds of any and all of the foregoing
(including, without limitation, all Proceeds (of any kind) received or to be received by the Grantor upon the transfer or other disposition of any of the assets, rights and properties described in clause (i), notwithstanding whether the mortgage,
pledge and grant of the security interest in any such asset, right or property is legally effective under applicable law); 
 provided,
however, that notwithstanding the foregoing or any other provision of any provision of the SGR Security Agreement, (x) if a Transfer Restriction would be applicable to the pledge, grant or creation of a security interest in or mortgage
on any asset, right or property described above [(other than in the Additional Route 
  

	1 	Specify airport-to-airport, region to airport, or region to region Designated Services, as applicable. 

	2 	 To describe the route authority(ies) used by the Grantor to operate the Designated Service(s), if such route
authority(ies) have not already been pledged under the SGR Security Agreement or any previously executed SGR Security Agreement Supplement. 

  
 A-2 

 
Authorities or Proceeds thereof)]3, then so long as such Transfer Restriction is in effect, or (y) if, pursuant to the operative
provisions of transaction documents existing prior to the Closing Date under any transaction entered into by the Grantors prior to the Closing Date, any asset, right or property is at any time subject to a security interest or mortgage in favor of
another Person in connection with such transaction, any asset, right or property is at any time subject to a security interest or mortgage in favor of another Person in connection with such transaction (and not pursuant to an election made by the
Grantor after the Closing Date to add any such asset, right or property as collateral to such transaction), the SGR Security Agreement and this SGR Security Agreement Supplement shall not pledge, grant or create any security interest in or mortgage
on, and the terms “Additional Collateral” and “Collateral” shall not include, any such asset, right or property. 
 The
following terms shall have the following meanings: 
 [“Additional Slots” shall mean, at any time of determination,
(x) any Foreign Slot of the Grantor at [                    ]4, in each case only to
the extent such Foreign Slot is being utilized by the Grantor (or any other “Grantor” as defined in the SGR Security Agreement on behalf of the Grantor) to provide any Designated Service, but in each case excluding any Temporary Foreign
Slot, and (y) any FAA Slot of the Grantor [at any airport in the United States]5 that is an origin and/or destination point with respect to any Designated Service, in each case only to the
extent such FAA Slot is being utilized by the Grantor (or any other “Grantor” as defined in the SGR Security Agreement on behalf of the Grantor) to provide such Designated Service, but in each case excluding any Temporary FAA Slot.] 

[“Additional Foreign Gate Leaseholds” shall mean, at any time of determination, all of the right, title, privilege, interest
and authority of the Grantor to use or occupy space in an airport terminal at
[                    ]6, in each case only to the extent necessary for the Grantor to provide
any Designated Service.] 
  

	3 	Delete if no Additional Route Authorities are being pledged under the SGR Security Agreement Supplement. 

	4 	To list any foreign airport or airports within any region that is or are an origin and/or destination point(s) with respect to the Designated Service(s). 

	5 	Alternately identify specific US airports. 

	6 	To list any foreign airport or airports within any region that is or are an origin and/or destination point(s) with respect to the Designated Service(s). 

  
 A-3 

 Each reference to “Collateral” in the SGR Security Agreement shall be deemed to include
the Additional Collateral. 
 This SGR Security Agreement Supplement shall be construed as supplemental to the SGR Security Agreement and
shall form a part thereof, and the SGR Security Agreement as so supplemented is hereby ratified, approved and confirmed. 
 THIS
SCHEDULED SERVICES SGR SECURITY AGREEMENT SUPPLEMENT HAS BEEN DELIVERED IN THE STATE OF NEW YORK, AND THIS SCHEDULED SERVICES SGR SECURITY AGREEMENT SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS SCHEDULED SERVICES SGR SECURITY
AGREEMENT SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

[Signature Pages Follow.] 

  
 A-4 

 IN WITNESS WHEREOF, the Grantor and the Collateral Agent each has caused this SGR Security
Agreement Supplement No.      to be duly executed and delivered by its officer thereunto duly authorized as of the date first above written. 

 

			
	[●], as Grantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	 CITIBANK, N.A.,
 as Collateral
Agent

		
	By:	 	  

		 	Name:
		 	Title:

  
 A-5 

 Schedule [    ] 

to Exhibit A 
 SCHEDULE
[    ] 
 TO SGR SECURITY AGREEMENT SUPPLEMENT NO. [    ] 

  
 A-6 

 EXHIBIT B to 

CREDIT AND GUARANTY AGREEMENT 

EXHIBIT B 
 to SGR Security Agreement

 FORM OF JOINDER AGREEMENT 

This JOINDER AGREEMENT, dated as of              , 20    , is
delivered pursuant to Section 27 of the Security Agreement (Slots, Gate Leaseholds and Route Authorities), dated as of              , 20     (as may be amended,
restated, amended and restated, supplemented and/or otherwise modified from time to time, the “SGR Security Agreement”), between the parties listed in Schedule I thereto as Grantors, and Citibank, N.A., as collateral agent for
the Secured Parties referred to therein. Capitalized terms used herein without definition are used as defined in the SGR Security Agreement . 

By executing and delivering this Joinder Agreement, the undersigned, as provided in Section 27 of the SGR Security Agreement, hereby
becomes a party to the SGR Security Agreement as a Grantor thereunder with the same force and effect as if originally named as a Grantor therein and, without limiting the generality of the foregoing, as collateral security for the prompt and
complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of the undersigned, hereby grants, pledges and creates a security interest and mortgage in favor of the Collateral Agent for its
benefit and the benefit of the other Secured Parties in all of its right, title and interest in, to and under the Collateral of the undersigned, whether real or personal and whether tangible or intangible and expressly assumes all obligations and
liabilities of a Grantor thereunder. 
 The undersigned hereby agrees to be bound as a Grantor for the purposes of the SGR Security
Agreement. 
 The information set forth in the schedules to this Joinder Agreement is hereby added to the information set forth in Schedules
I through III of the SGR Security Agreement. By acknowledging and agreeing to this Joinder Agreement, the undersigned hereby agrees that this Joinder Agreement may be attached to the SGR Security Agreement and that the Collateral listed on the
schedule to this Joinder Agreement shall be and become part of the Collateral referred to in the SGR Security Agreement and shall secure all Obligations of the undersigned. 

The undersigned hereby represents and warrants that each of the representations and warranties contained in Section 4 of the SGR Security
Agreement applicable to it is true and correct on and as the date hereof as if made on and as of such date. 
 [Signature Page to Follow.]

  
 A-7 

 IN WITNESS WHEREOF, the undersigned has caused this Joinder Agreement to be duly executed and
delivered as of the date first above written. 
  

			
	[ADDITIONAL GRANTOR]
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 B-8 

 EXHIBIT C to 

CREDIT AND GUARANTY AGREEMENT 

ATTACHED 

  
 A-9 

 EXECUTION VERSION 
  

 
  

AMENDED AND RESTATED SECURITY AGREEMENT 

Dated as of December 15, 2016 

Between 
 THE GRANTORS
REFERRED TO HEREIN, 
 as Grantors, 

and 
 CITIBANK, N.A.,

 as Administrative Agent and Collateral Agent 
  

 
  

 TABLE OF CONTENTS 
  

							
			
	 Section 1.
	 	Definitions	  	 	1	 
			
	 Section 2.
	 	Grant of Security Interest	  	 	4	 
			
	 Section 3.
	 	Supplements; Further Assurances	  	 	6	 
			
	 Section 4.
	 	No Release; Limitations on Secured Party’s Obligations	  	 	7	 
			
	 Section 5.
	 	Representations and Warranties	  	 	7	 
			
	 Section 6.
	 	Covenants of the Grantors with respect to the Collateral	  	 	9	 
			
	 Section 7.
	 	Power of Attorney; Performance by Collateral Agent of Grantors’ Obligations	  	 	10	 
			
	 Section 8.
	 	Remedies; Disposition of Collateral	  	 	11	 
			
	 Section 9.
	 	Non-Lender Secured Parties	  	 	14	 
			
	 Section 10.
	 	Amendments, etc.	  	 	16	 
			
	 Section 11.
	 	Release; Termination	  	 	16	 
			
	 Section 12.
	 	No Waiver, Discontinuance of Proceeding	  	 	18	 
			
	 Section 13.
	 	No Legal Title to Collateral in Secured Party	  	 	19	 
			
	 Section 14.
	 	Sale of Collateral by Collateral Agent is Binding	  	 	19	 
			
	 Section 15.
	 	Benefit of Security Agreement	  	 	19	 
			
	 Section 16.
	 	Collateral Agent	  	 	19	 
			
	 Section 17.
	 	Notices	  	 	19	 
			
	 Section 18.
	 	Successors and Assigns	  	 	20	 
			
	 Section 19.
	 	Governing Law; Submission to Jurisdiction; Service of Process	  	 	20	 
			
	 Section 20.
	 	Security Interest Absolute	  	 	20	 
			
	 Section 21.
	 	Severability of Provisions	  	 	20	 
			
	 Section 22.
	 	Headings	  	 	21	 
			
	 Section 23.
	 	Execution in Counterparts	  	 	21	 
			
	 Section 24.
	 	Survival of Representations and Warranties, etc.	  	 	21	 
			
	 Section 25.
	 	Conflicts with other Loan Documents	  	 	21	 
			
	 Section 26.
	 	Additional Grantors	  	 	21	 
			
	 Section 27.
	 	Additional Collateral	  	 	21	 
			
	 Section 28.
	 	Reinstatement	  	 	22	 
			
	 Section 29.
	 	Indemnification	  	 	22	 
			
	 Section 30.
	 	Indemnity Obligations Secured by Collateral	  	 	23	 

 TABLE OF CONTENTS 

(continued) 
  

					
	SCHEDULE 1	  	-	  	PLEDGED FLIGHT SIMULATORS
	SCHEDULE 2	  	-	  	GROUND SERVICE EQUIPMENT
	SCHEDULE 3	  	-	  	PLEDGED ACCOUNTS
	SCHEDULE 4	  	-	  	LOCATIONS OF GRANTORS
	SCHEDULE 5	  	-	  	CONSENTS
	SCHEDULE 6	  	-	  	LOCATIONS OF PLEDGED EQUIPMENT
			
	EXHIBIT A	  	-	  	FORM OF SUPPLEMENT
	EXHIBIT B	  	-	  	FORM OF JOINDER AGREEMENT

 AMENDED AND RESTATED SECURITY AGREEMENT dated as of December 15, 2016 (this
“Security Agreement”), among AMERICAN AIRLINES, INC., a Delaware corporation (together with its successors and assigns, the “Borrower”), certain Affiliates (and their respective successors and assigns) of the
Borrower from time to time party hereto pursuant to Section 26 (together with the Borrower, the “Grantors”), and CITIBANK, N.A., as administrative agent and collateral agent for the Secured Parties (as hereinafter defined)
(together with any successor Collateral Agent appointed pursuant to Section 8.05 of the Credit Agreement (as hereinafter defined), the “Collateral Agent”). This Security Agreement amends and restates in its entirety the
Security Agreement dated as of May 23, 2013 (the “2013 Security Agreement”) among the Borrower (as successor in interest to US Airways, Inc.), certain affiliates of the Borrower party thereto and Citicorp North America, Inc.,
as administrative agent and collateral agent. 
 WITNESSETH: 

WHEREAS, the Borrower, the Affiliates of the Borrower party thereto, the several lenders from time to time party thereto (collectively,
the “Lenders”) and the Collateral Agent are parties to that certain Amended and Restated Credit and Guaranty Agreement dated as of December 15, 2016 (the “Credit Agreement”); 

WHEREAS, to induce the Lenders to enter into the Credit Agreement, the Grantors and the Collateral Agent have agreed to enter into this
Security Agreement; 
 WHEREAS, the Collateral Agent and one or more Additional Agents may in the future enter into one or more
Intercreditor Agreements and/or Other Intercreditor Agreements; and 
 WHEREAS, the Grantors may establish one or more accounts for
cash and to hold securities and other financial assets (each, an “Account”) that will be subject to one or more Account Control Agreements. 

NOW, THEREFORE, in consideration of these premises and other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties hereto hereby agree as follows: 
 Section 1. Definitions. 

(a) Except as otherwise defined in this Security Agreement, terms defined in the Credit Agreement shall be used herein as defined therein. 

(b) The terms “account,” “chattel paper,” “commercial tort claim,” “commodity account,” “commodity
contract,” “deposit account,” “document,” “electronic chattel paper,” “equipment,” “fixtures,” “general intangibles,” “goods,” “health-care insurance receivables,”
“instruments,” “inventory,” “investment property,” “letter-of-credit right,” “payment intangibles,” “promissory
note,” “securities account,” “security entitlement,” “software,” “supporting obligations” and “tangible chattel paper” shall have the respective meanings ascribed thereto in Article 9 of the
UCC. 

 (c) The parties to this Security Agreement agree that the rules of interpretation set out in
Section 1.02 of the Credit Agreement shall apply to this Security Agreement mutatis mutandis as if set out in this Security Agreement 

(d) The following terms shall have the following respective meanings: 

“2013 Security Agreement” has the meaning set forth in the preamble hereof. 

“Account” has the meaning set forth in the recitals hereof. 

“Account Collateral” has the meaning set forth in Section 2.1(b). 

“Additional Agent” has the meaning specified in the Intercreditor Agreement. 

“Additional Collateral Documents” has the meaning provided in the Intercreditor Agreement. 

“Additional Credit Facility Secured Parties” has the meaning provided in the Intercreditor Agreement. 

“Additional Grantor” has the meaning specified in Section 26 hereof. 

“Additional Obligations” shall have the meaning provided in the Intercreditor Agreement. 

“Additional Pledged Accounts” means any Accounts that are the property of any Grantor and are described in any Security
Supplement or subject to the Lien of this Security Agreement subsequent to the date hereof and that are described in any Account Control Agreement or any amendment and/or supplement to any Account Control Agreement, in each case, entered into after
the date hereof. 
 “Additional Pledged Equipment” means any Additional Pledged Flight Simulator or Additional Pledged
Ground Service Equipment. 
 “Additional Pledged Flight Simulators” means any flight simulator or flight training device
described in any Security Supplement or subsequently subject to the Lien of this Security Agreement pursuant to any provision of this Security Agreement or the Loan Documents that any Grantor has elected to subject to the Lien of this Security
Agreement. 

  
 2 

 “Additional Pledged Ground Service Equipment” means any Ground Service Equipment
described in any Security Supplement or subsequently subject to the Lien of this Security Agreement pursuant to any provision of this Security Agreement or the Loan Documents that any Grantor has elected to subject to the Lien of this Security
Agreement. 
 “Banking Product Provider” means any Person that has entered into a Designated Banking Product Agreement with
Parent or the Grantor. 
 “Bankruptcy Case” means (a) pursuant to or within the meaning of Bankruptcy Law, (i) a
voluntary case commenced by Parent or any of its Subsidiaries, (ii) an involuntary case in which Parent or any of its Subsidiaries consent to the entry of an order for relief against it, (iii) an appointment consented to by Parent or any
of its Subsidiaries of a custodian of it or for all or substantially all of its property, (iv) the making of a general assignment for the benefit of its creditors by Parent or any of its Subsidiaries or (v) the admission in writing of
Parent’s or any of its Subsidiaries’ inability generally to pay its debts or (b) an order or decree under any Bankruptcy Law entered by a court of competent jurisdiction that (i) is for relief against Parent or any of its
Subsidiaries in an involuntary case, (ii) appoints a custodian of Parent or any of its Subsidiaries for all or substantially all of the property of Parent or any of its Subsidiaries, (iii) orders the liquidation of Parent or any of its
Subsidiaries, and in each case of this clause (b) the order or decree remains unstayed and in effect for 60 consecutive days. 

“Borrower” has the meaning set forth in the preamble hereof. 

“Collateral” has the meaning set forth in Section 2 hereof. 

“Collateral Agent” has the meaning set forth in the preamble hereof. 

“Credit Agreement” has the meaning set forth in the recitals hereof. 

“Discharge of Additional Obligations” has the meaning provided in the Intercreditor Agreement. 

“Grantors” has the meaning set forth in the preamble hereof. 

“Hedging Provider” means any Person that has entered into a Designated Hedging Agreement with Parent or the Grantor. 

“Indemnified Liabilities” has the meaning set forth in Section 29 hereof. 

“Lenders” has the meaning set forth in the recitals hereof. 

“NY UCC” means the Uniform Commercial Code as in effect on the date hereof in the State of New York. 

“Pledged Accounts” means any Accounts that are property of any Grantor and are set forth in Schedule 3 hereto. 

  
 3 

 “Pledged Equipment” means, collectively, all Pledged Flight Simulators and all
Ground Service Equipment of the types set forth in Schedule 2 hereto. 
 “Pledged Flight Simulators” means all of the
flight simulators and flight training devices of the Grantors described on Schedule 1 hereto. 
 “Proceeds” shall have the
meaning assigned to that term under the UCC as in effect in any relevant jurisdiction or under other relevant law and, in any event, shall include, but not be limited to, any and all (i) proceeds of any insurance, indemnity, warranty or
guarantee payable to the Collateral Agent or to the Grantor or any Affiliate of the Grantor from time to time with respect to physical damage to any of the Collateral, (ii) payments (in any form whatsoever), made or due and payable to the
Grantor from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral by any Governmental Authority (or any Person acting under color of Governmental Authority) and
(iii) instruments representing obligations to pay amounts in respect of the Collateral. 
 “Security Agreement” has
the meaning set forth in the preamble hereof. 
 “Senior Priority Obligations” has the meaning provided in the
Intercreditor Agreement. 
 “Senior Priority Representative” has the meaning provided in the Intercreditor Agreement. 

Section 2. Grant of Security Interest. Each Grantor hereby grants to the Collateral Agent, for itself and for the ratable benefit
of the Secured Parties, as security for the prompt payment in full when due of all payment Obligations and the performance and observance by each Grantor of all other Obligations, and in consideration of the premises and of the covenants herein
contained, and for other good and valuable consideration the receipt and adequacy whereof are hereby acknowledged, each Grantor does hereby grant, bargain, sell, assign, transfer, convey, mortgage and pledge unto the Collateral Agent, its successors
and assigns, for itself and for the ratable security and benefit of the Secured Parties until released pursuant to Section 11 hereof, a Lien on and security interest in all estate, right, title and interest of such Grantor in, to and under all
of the following described property, assets, rights, interests and privileges whether now owned or hereafter acquired, and wherever located (collectively, called the “Collateral”): 

(a) its Pledged Equipment; 
 (b)
its Pledged Accounts and all cash, checks, securities, money orders and other items of value of such Grantor now or hereafter paid, deposited, credited or held (whether for collection, provisionally or otherwise) in each Pledged Account (the
“Account Collateral”); 

  
 4 

 (c) all books and records (including, without limitation, customer lists, credit files, printouts
and other computer output materials and records) of such Grantor pertaining to any of the Collateral; 
 (d) any and all property that may,
from time to time hereafter, by Security Agreement Supplement be subjected to the Lien and security interest hereof and the Collateral Agent is hereby authorized to receive the same at any and all times as and for additional security hereunder; and

 (e) all Proceeds of the foregoing. 

Anything herein to the contrary notwithstanding, in no event shall the security interest granted under this Section 2 attach to and the
term “Collateral” shall not include any permit, lease, license, contract, property rights or other agreement, and any assets subject to any thereof, to which any Grantor is a party or any of its rights or interests thereunder if and only
to the extent that the grant of a security interest hereunder (i) is prohibited by or a violation of any law, rule or regulation applicable to such Grantor or (ii) shall constitute or result in a breach of a term or provision of, or the
termination of or a default under the terms of, such permit, lease, license, contract, property rights or agreement (other than to the extent that any such law, rule, regulation, term or provision would be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the NY UCC of any relevant jurisdiction or any other applicable
law (including any debtor relief law or principle of equity)); provided, however, that the Collateral shall include all Proceeds thereof and immediately at such time as the contractual or legal provisions referred to above shall no
longer be applicable and to the extent severable, and shall attach immediately to any portion of such permit, lease, license, contract or agreement not subject to the provisions specified in clauses (i) or (ii) above in this paragraph. 

It is the intent of the parties hereto that the Liens granted pursuant to this Section 2 shall novate and replace the Liens granted
pursuant to the 2013 Security Agreement. 
 Notwithstanding anything herein to the contrary, it is the understanding of the parties hereto
that the Liens granted pursuant to this Section 2 shall, prior to the Discharge of Additional Obligations that are Senior Priority Obligations, be pari passu and equal in priority to the Liens granted to any Additional Agent for the
benefit of the holders of the applicable Additional Obligations that are Senior Priority Obligations to secure such Additional Obligations that are Senior Priority Obligations pursuant to the applicable Additional Collateral Documents (except as may
be separately otherwise agreed between the Collateral Agent, on behalf of itself and the Secured Parties, and any Additional Agent, on behalf of itself and the Additional Credit Facility Secured Parties represented thereby). The Collateral Agent
acknowledges and agrees that, in the event that it enters into an Intercreditor Agreement or an Other Intercreditor Agreement, the relative priority of the Liens granted to the Collateral Agent, the Administrative Agent and any Additional Agent
shall be determined solely (as between the parties to such Intercreditor Agreement or Other Intercreditor Agreement and except as otherwise 

  
 5 

 
provided therein) pursuant to the applicable Intercreditor Agreements and Other Intercreditor Agreements, and not by priority as a matter of law or otherwise. Notwithstanding anything herein to
the contrary, the Liens granted to the Collateral Agent pursuant to this Security Agreement and the exercise of any right or remedy by the Collateral Agent hereunder are subject to the provisions of the applicable Intercreditor Agreements and Other
Intercreditor Agreements. In the event of any conflict between the terms of any Intercreditor Agreement or any Other Intercreditor Agreement and this Security Agreement, the terms of such Intercreditor Agreement or Other Intercreditor Agreement, as
applicable, shall govern and control as among (i) the Collateral Agent and any Additional Agent, in the case of the Intercreditor Agreement, and (ii) the Collateral Agent and any other secured creditor (or agent therefor) party thereto, in
the case of any Other Intercreditor Agreement. In the event of any such conflict, the Grantors may act (or omit to act) in accordance with such Intercreditor Agreement or such Other Intercreditor Agreement, as applicable, and shall not be in breach,
violation or default of its obligations hereunder by reason of doing so. Notwithstanding any other provision hereof, for so long as any Additional Obligations that are Senior Priority Obligations remain outstanding, any obligation hereunder to
deliver, transfer or assign to the Collateral Agent any Collateral shall be satisfied by causing such Collateral to be delivered, transferred or assigned to the applicable Senior Priority Representative to be held in accordance with the
Intercreditor Agreement. 
 Section 3. Supplements; Further Assurances. 

(a) Each Grantor agrees that, at any time and from time to time, at the request of the Collateral Agent, without cost to any Secured Party,
such Grantor will promptly execute and deliver, or otherwise authenticate, all further instruments and documents, and take all further action that may be required or that the Collateral Agent may reasonably request, in order to perfect, preserve and
protect any pledge or security interest granted or purported to be granted by such Grantor hereunder or to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral of such Grantor. Each
Grantor shall pay any applicable filing fees and other expenses related to the filing of financing and continuation statements or the expenses for other action taken to perfect the security interest granted hereunder. Without limiting the generality
of the foregoing, each Grantor will: (i) execute or authenticate and file such financing or continuation statements, or amendments thereto, and such other instruments or notices, as the Collateral Agent may reasonably request, in order to
perfect and preserve the security interest granted or purported to be granted by such Grantor hereunder; (ii) take all action reasonably necessary to ensure that the Collateral Agent has control of Collateral consisting of deposit accounts,
securities accounts, commodity accounts, investment property, and at the request of the Collateral Agent during the continuance of an Event of Default, electronic chattel paper,
letter-of-credit rights and transferable records, as provided in Sections 9-104, 9-105, 9-106 and 9-107 of the NY UCC; (iii) take all action reasonably necessary to ensure that the Collateral Agent’s security interest is noted on any certificate of
title related to any Collateral evidenced by a certificate of title; (iv) at the request of the Collateral Agent, cause the Collateral Agent to be the beneficiary under all Letters of Credit that constitute

  
 6 

 
Collateral, with the exclusive right to make all draws under such Letters of Credit, and with all rights of a transferee under Section 5-114(e) of the NY
UCC; and (v) deliver to the Collateral Agent evidence that all other action that the Collateral Agent may deem reasonably necessary or desirable in order to perfect and protect the security interest created by such Grantor in the Collateral
under this Security Agreement has been taken. 
 (b) Each Grantor hereby authorizes the Collateral Agent to file one or more financing or
continuation statements, and any amendments thereto and continuations thereof, each of which may describe the Collateral in any manner as the Collateral Agent may determine, in its sole discretion, is necessary or prudent to ensure the
perfection of the security interest in the Collateral granted to the Collateral Agent in connection herewith. A photocopy or other reproduction of this Security Agreement or any financing statement covering the Collateral or any part thereof shall
be sufficient as a financing statement where permitted by Law. Each Grantor ratifies its authorization for the Collateral Agent to have filed such financing statements, continuation statements or amendments filed prior to the date hereof. 

(c) Each Grantor will furnish to the Collateral Agent from time to time statements and supplements to the schedules further identifying and
describing the Collateral of such Grantor as the Collateral Agent may reasonably request, all in reasonable detail. 
 Section 4. No
Release; Limitations on Secured Party’s Obligations. Anything herein to the contrary notwithstanding, (i) each Grantor shall remain liable under the contracts and agreements included in such Grantor’s Collateral to
the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (ii) the exercise by the Collateral Agent of any of its rights hereunder shall not
release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (iii) no Secured Party shall have any obligation or liability under the contracts and agreements included in the
Collateral by reason of this Security Agreement or any other Loan Document, nor shall any Secured Party be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for
payment assigned hereunder. 
 Section 5. Representations and Warranties. Each Grantor hereby represents and warrants as of the date
hereof as follows: 
 (a) Such Grantor’s legal name, jurisdiction of organization and organizational identification number, if any, are
correctly set forth in Schedule 4 hereto. As of the date hereof, the information set forth in Schedule 4 hereto with respect to such Grantor is true and accurate in all respects. As of the date hereof, no Grantor has previously changed its name,
type of organization, jurisdiction of organization or organizational identification number during the five (5) years preceding the execution of this Security Agreement from those set forth in Schedule 4 hereto. 

  
 7 

 (b) Such Grantor is the legal and beneficial owner of the Collateral of such Grantor free and
clear of any Lien of others, except for Permitted Liens. 
 (c) Except for possessory interests of landlords and warehousemen and any Pledged
Equipment in the possession of third parties for repair in the Ordinary Course of Business, such Grantor has exclusive possession and control of the Pledged Equipment of such Grantor. In the case of Pledged Equipment located on leased premises or in
warehouses, no lessor or warehouseman of any premises or warehouse upon or in which such Pledged Equipment is located (i) other than as provided to the Collateral Agent on or prior to the Closing Date, to the best knowledge of any Responsible
Officer, issued any warehouse receipt or other receipt in the nature of a warehouse receipt in respect of any Pledged Equipment, (ii) other than as provided to the Collateral Agent on or prior to the Closing Date, to the best knowledge of any
Responsible Officer, issued any document for any of such Grantor’s Pledged Equipment and (iii) to the best knowledge of any Responsible Officer, received notification of any secured party’s interest (other than the security interest
granted hereunder, any security interest released on or prior to the Closing Date and other than any Permitted Lien) in such Grantor’s Pledged Equipment. 

(d) Upon (i) with respect to all Collateral in which a security interest may be perfected by the filing of a financing statement under the
UCC, the filing of a UCC-1 financing statement in the applicable filing office (which financing statement has been delivered to the Collateral Agent in completed and duly authorized form), naming such Grantor
as Debtor and the Collateral Agent as secured party in respect of the Collateral and the filing of UCC termination statements in appropriate filing offices that have been delivered to the Collateral Agent on the Closing Date for filing on or shortly
after the Closing Date, (ii) with respect to all Account Collateral, the execution and delivery of Account Control Agreements and (iii) effecting other filings/recordings required to be made and expressly contemplated hereunder, all
filings, registrations and recordings necessary to create, preserve, protect and perfect (to the extent that perfection of the security interest in respect of such Collateral is required hereunder) the security interest granted by such Grantor to
the Collateral Agent hereby in respect of such Collateral of such Grantor shall have been accomplished, and the security interest granted to the Collateral Agent pursuant to this Security Agreement in and to such Collateral of such Grantor will
constitute, a first priority perfected security interest therein (provided that, with respect to perfection, only to the extent that (A) perfection of the security interest in respect of such Collateral is required hereunder and
(B) a security interest therein may be perfected by such filing, registration, delivery, execution and delivery of Account Control Agreements or recording), prior to the rights of all other Persons therein and subject to no other Liens other
than Permitted Liens. 
 (e) On the date hereof, such Grantor’s Pledged Equipment (other than (i) Pledged Flight Simulators,
(ii) Pledged Equipment in transit or out for repair and (iii) Pledged Equipment with an aggregate fair market value of less than $1,500,000) and books and records concerning such Pledged Equipment are kept at the locations listed on
Schedule 6. 

  
 8 

 (f) Except as set forth on Schedule 5, (x) the pledge by such Grantor of the Collateral of such
Grantor pursuant to this Security Agreement or for the execution, delivery or performance of this Security Agreement and (y) the exercise by the Collateral Agent of the rights provided for in this Security Agreement or the remedies in respect
of the Collateral pursuant to this Security Agreement do not and will not require (i) any registration with, consent or approval of, or notice to, or other action to, with or by, any federal, state or other Governmental Authority or regulatory
body (except in connection with the perfection of the Liens created hereby) or (ii) any registration with, consent or approval of, or material notice to, or other action to, with or by, any other Person. 

(g) Each Pledged Flight Simulator described on Schedule 1 is maintained at the location set forth opposite the description of such Pledged
Flight Simulator on Schedule 1. 
 Section 6. Covenants of the Grantors with respect to the Collateral. Each Grantor hereby covenants
and agrees with the Collateral Agent that from and after the date of this Security Agreement and until the Termination Date or, with respect to any Collateral, until the Lien of this Security Agreement on such Collateral is otherwise released
pursuant to Section 11 hereof: 
 (a) Except upon 15 days’ prior notice to the Collateral Agent and delivery to the Collateral
Agent of all documents reasonably requested by the Collateral Agent to maintain the validity, perfection and priority of the security interests provided for herein, such Grantor shall not do any of the following: 

(1) change its jurisdiction of organization or its location, in each case from that set forth in Schedule 4; or 

(2) change its legal name or organizational identification number, if any, or corporate, limited liability company, partnership
or other organizational structure to such an extent that any financing statement filed in connection with this Security Agreement would become seriously misleading. 

(b) Such Grantor will keep and maintain, at its own cost and expense, satisfactory and complete records of the Collateral pledged by such
Grantor, in all material respects, including, without limitation, a record of all payments received and all credits granted with respect to the Collateral so pledged and all other dealings concerning such Collateral in each case in accordance with
its normal business practice. 
 (c) Such Grantor will defend the Collateral pledged by such Grantor against and take such other action as is
necessary to remove any Lien on such Collateral except Permitted Liens and will defend the right, title and interest of the Collateral Agent in and to all of such Grantor’s rights under such Collateral against the claims and demands of all
Persons whomsoever other than claims or demands arising out of Permitted Liens. 

  
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 (d) Such Grantor shall promptly notify the Collateral Agent after it obtains knowledge thereof,
in reasonable detail, of any Lien asserted in writing against any material portion of the Collateral pledged by such Grantor other than Permitted Liens. 

(e) Such Grantor will keep and maintain the Pledged Equipment pledged by such Grantor in good operating condition sufficient for the
continuation of the business conducted by such Grantor on a basis consistent with past practices, ordinary wear and tear excepted; provided that no Grantor shall be restricted from discontinuing the maintenance of any such Pledged Equipment
if such discontinuance is, in the good faith judgment of such Grantor, desirable in the conduct of the business of such Grantor and would not reasonably be expected to have a Material Adverse Effect. 

(f) Such Grantor shall not execute or authorize to be filed in any public office any financing statement (or similar statement or instrument of
registration under the law of any jurisdiction intended to provide notice of a Lien) relating to the Collateral of such Grantor, except financing statements filed or to be filed in respect of and covering Permitted Liens. 

(g) Each Grantor will, and will cause each of its Subsidiaries to, (a) insure and keep insured or reinsured with financially sound and
reputable insurance companies that are not Affiliates of the Grantors or by the United States of America, the Pledged Equipment, in such amounts, with such deductibles and covering such risks as are insured against (including, but not limited to,
third party liability) and carried in accordance with applicable law and prudent industry practice by U.S. commercial air carriers similarly situated with the Grantors (or an applicable Subsidiary) and owning or operating similar flight
simulators or ground service equipment as the Pledged Equipment, and (b) cause all such insurance relating to any Pledged Equipment to name the Collateral Agent as additional insured or loss payee, as appropriate, and to provide not less than
thirty (30) days’ prior notice to the Collateral Agent of termination, lapse or cancellation of such insurance or reinsurance; provided that this Section 6(g) shall not prohibit any Grantor or any Subsidiary from procuring and
maintaining all or any portion of its insurance through a captive insurance company of Parent or its Subsidiaries so long such captive insurance company reinsures 100% of such risk as provided above in this Section 6(g) and such reinsurance policies
contain a cut-through endorsement. 
 Section 7. Power of Attorney; Performance by
Collateral Agent of Grantors’ Obligations. 
 (a) Each Grantor hereby irrevocably appoints the Collateral Agent as such
Grantor’s attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time, in the
Collateral Agent’s discretion to take any action and to execute any instrument that the Collateral Agent may deem necessary or advisable to accomplish the purposes of this Security Agreement, which appointment as
attorney-in-fact is coupled with an interest, including, without limitation: 

  
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 (i) to obtain and adjust insurance required to be paid to the Collateral Agent
pursuant to any Loan Documents; 
 (ii) to ask for, demand, collect, sue for, recover, compromise, receive and give
acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; 
 (iii) to receive,
indorse and collect any drafts or other instruments, documents and chattel paper, in connection with clause (i) or (ii) above; and 

(iv) to file any claims or take any action or institute any proceedings that the Collateral Agent may deem necessary or
desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Collateral Agent with respect to any of the Collateral; 

provided, that the Collateral Agent shall not exercise any of such rights or take any such action except during the continuance of an Event of Default
and in accordance with and subject to any Intercreditor Agreement and any Other Intercreditor Agreement. 
 (b) If any Grantor fails to
perform any agreement contained herein, the Collateral Agent may, as the Collateral Agent deems necessary to protect the security interest granted hereunder in the Collateral or to protect the value thereof, but without any obligation to do so
during the continuance of an Event of Default, itself perform, or cause performance of, such agreement, and the reasonable expenses of the Collateral Agent, including, without limitation, the reasonable fees and expenses of its counsel, incurred in
connection therewith shall be payable by such Grantor in accordance with Section 10.04 of the Credit Agreement and shall be considered Obligations. 

Section 8. Remedies; Disposition of Collateral. If any Event of Default shall have occurred and be continuing, then and in every such
case, subject to any Intercreditor Agreement or Other Intercreditor Agreement, the Collateral Agent may at any time or from time to time during the continuance of such Event of Default: 

(a) Exercise, in respect of the Collateral, in addition to other rights and remedies provided for herein or otherwise available to it and to
the extent not in violation of applicable law, all the rights and remedies of a secured party under the UCC (whether or not the UCC applies to the affected Collateral) and any other applicable law and also may: 

  
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 (i) require each Grantor to, and each Grantor hereby agrees that it will at its
expense and upon request of the Collateral Agent forthwith, assemble all or part of the Collateral (other than the Account Collateral) as directed by the Collateral Agent and make it available to the Collateral Agent at a place and time to be
designated by the Collateral Agent that is reasonably convenient to the Collateral Agent and, at the request of the Collateral Agent, promptly execute and deliver to the Collateral Agent such instruments or other documents as may be necessary or
advisable to enable the Collateral Agent or an agent or representative designated by the Collateral Agent, at such time or times and place or places as the Collateral Agent may specify, to obtain possession of all or any part of the Collateral
(other than the Account Collateral) the possession of which the Collateral Agent shall at the time be entitled to hereunder; 

(ii) occupy any premises owned or leased by any of the Grantors where the Collateral or any part thereof is assembled or
located for a reasonable period in order to effectuate its rights and remedies hereunder or under law, without obligation to such Grantor in respect of such occupation; 

(iii) without notice except as specified below, sell, or direct the Grantors to sell, the Collateral or any part thereof in one
or more parcels at public or private sale, at any exchange, broker’s board or at any of the Collateral Agent’s offices or elsewhere, for cash, on credit or for future delivery, and at such price or prices and upon such other terms as the
Collateral Agent may deem commercially reasonable; 
 (iv) proceed to protect and enforce this Security Agreement by suit or
suits or proceedings in equity or at law, and whether for the specific performance of any covenant or agreement herein contained or in execution or aid of any power herein granted; or for foreclosure hereunder, or for the appointment of a receiver
or receivers for the Collateral or any part thereof, or for the recovery of judgment for the Obligations or for the enforcement of any other legal or equitable remedy available under applicable law; 

(v) without notice to the Grantor except as required by law and at any time or from time to time, deliver a Notice of Exclusive
Control (as defined in the applicable Account Control Agreement), and charge, set off and otherwise apply all or any part of the Obligations against any funds held with respect to the Account Collateral; or 

(vi) exercise any and all rights and remedies of any of the Grantors under or in connection with the Collateral, or otherwise
in respect of the Collateral, including, without limitation, (A) at the expense of the Grantors, make all such expenditures for the collection, maintenance, insurance, repairs, replacements, alterations, additions and improvements to and of the
Collateral as it may deem proper and (B) exercise all other rights and remedies provided by law with respect to the Collateral, including, without limitation, those set forth in Section 9-607 of the
UCC. 

  
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 (b) The Collateral Agent or any other Secured Party may be the purchasers of any or all of the
Collateral at any sale of Collateral and shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at such sale, to use and apply any of the Obligations owed to
such Person as a credit on account of the purchase price of any Collateral payable by such Person at such sale. Each purchaser at any such sale shall acquire the property sold absolutely free from any claim or right on the part of the Grantors. Each
Grantor agrees that, to the extent notice of sale shall be required by law, at least 10 days’ notice to such Grantor of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable
notification. The Collateral Agent shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. The Collateral Agent may adjourn any public or private sale from time to time by announcement at the time and
place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. 
 (c) Each
Grantor hereby waives, to the fullest extent permitted by law, any claims against the Collateral Agent arising by reason of the fact that the price at which any Collateral may have been sold at such a private sale was less than the price which might
have been obtained at a public sale. 
 (d) Except as otherwise provided herein, each Grantor hereby waives, to the fullest extent permitted
by applicable law, notice or judicial hearing in connection with the Collateral Agent’s taking possession or the Collateral Agent’s disposition of any of the Collateral, including, without limitation, any and all prior notice and hearing
for any prejudgment remedy or remedies and any such right which such Grantor would otherwise have under law, and each Grantor hereby further waives to the fullest extent permitted by applicable law: (i) all damages occasioned by such taking of
possession; (ii) all other requirements as to the time, place and terms of sale or other requirements with respect to the enforcement of the Collateral Agent’s rights hereunder; and (iii) all rights of redemption, appraisement,
valuation, stay, extension or moratorium now or hereafter in force under any applicable law. Any sale of, or the grant of options to purchase, or any other realization upon, any Collateral shall operate to divest all right, title, interest, claim
and demand, either at law or in equity, of Grantors therein and thereto, and shall be a perpetual bar both at law and in equity against each Grantor and against any and all Persons claiming or attempting to claim the Collateral so sold, optioned or
realized upon, or any part thereof, from, through and under each Grantor. 
 (e) Any cash held by or on behalf of the Collateral Agent and
all cash proceeds received by or on behalf of the Collateral Agent in respect of any sale of, collection from, or other realization upon all or any part of the Collateral pursuant to the exercise by the Collateral Agent of its remedies as a secured
party pursuant to this Section 8 of this Security Agreement shall be promptly transferred by the Collateral Agent to the Administrative Agent in accordance with the payment instructions specified in Section 2.17(a) of the Credit Agreement for
application in accordance with the priority of payments set forth in Section 2.17(b) thereof. Any surplus of such cash or cash proceeds held by the Collateral Agent and remaining after payment in full of the Obligations shall be paid over to the
applicable Grantor or to whomever may be lawfully entitled to receive such surplus. 

  
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 (f) All payments received by any Grantor under or in connection with the Collateral to which the
Collateral Agent is entitled pursuant to the exercise of its remedies as a secured party under this Section 8 of this Security Agreement shall be received in trust for the benefit of the Collateral Agent, shall be segregated from other funds of
such Grantor and shall, after notice from the Collateral Agent, be forthwith paid over to the Collateral Agent in the same form as so received (with any necessary endorsement). 

Section 9. Non-Lender Secured Parties. 

(a) The Non-Lender Secured Parties shall not have any right whatsoever to do any of the following:
(A) exercise any rights or remedies with respect to the Collateral or to direct the Collateral Agent to do the same, including, without limitation, the right to (1) enforce any Liens or sell or otherwise foreclose on any portion of the
Collateral, (2) request any action, institute any proceedings, exercise any voting rights, give any instructions, make any election or make collections with respect to all or any portion of the Collateral or (3) release any Grantor under
this Security Agreement or release any Collateral from the Liens of any Collateral Document or consent to or otherwise approve any such release; (B) demand, accept or obtain any Lien on any Collateral (except for Liens arising under, and
subject to the terms of, this Security Agreement); (C) vote in any Bankruptcy Case or similar proceeding in respect of Parent or any of its Subsidiaries (any such proceeding, for purposes of this clause (a), a “Bankruptcy”) with
respect to, or take any other actions concerning the Collateral; (D) receive any proceeds from any sale, transfer or other disposition of any of the Collateral (except in accordance with this Security Agreement); (E) oppose any sale, transfer
or other disposition of the Collateral; (F) object to any debtor-in-possession financing in any Bankruptcy which is provided by one or more Lenders among others
(including on a priming basis under Section 364(d) of the Bankruptcy Code); (G) object to the use of cash collateral in respect of the Collateral in any Bankruptcy; or (H) seek, or object to the Lenders, the Administrative Agent or the
Collateral Agent seeking on an equal and ratable basis, any adequate protection or relief from the automatic stay with respect to the Collateral in any Bankruptcy. 

(b) Each Non-Lender Secured Party, by its acceptance of the benefits of this Security Agreement and the
other Collateral Documents, agrees that in exercising rights and remedies with respect to the Collateral, the Collateral Agent and the Lenders, with the consent of the Collateral Agent, may enforce the provisions of the Collateral Documents and
exercise remedies thereunder and under any other Loan Documents (or refrain from enforcing rights and exercising remedies), all in such order and in such manner as they may determine in the exercise of their sole business judgment and subject to the
terms of any Intercreditor Agreement and any Other Intercreditor Agreement. Such exercise and enforcement shall include, without limitation, the rights to collect, sell, dispose of or otherwise realize upon all or any part of the Collateral, to
incur expenses in 

  
 14 

 
connection with such collection, sale, disposition or other realization and to exercise all the rights and remedies of a secured lender under the UCC. The
Non-Lender Secured Parties by their acceptance of the benefits of this Security Agreement and the other Collateral Documents hereby agree not to contest or otherwise challenge any such collection, sale,
disposition or other realization of or upon all or any of the Collateral. Whether or not a Bankruptcy Case has been commenced, the Non-Lender Secured Parties shall be deemed to have consented to any sale or
other disposition of any property, business or assets of Parent or any of its Subsidiaries and the release of any or all of the Collateral from the Liens of any Collateral Document in connection therewith. 

(c) Notwithstanding any provision of this Section 9, the Non-Lender Secured Parties shall be
entitled, subject to any Intercreditor Agreement and any Other Intercreditor Agreement, to file any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleadings (A) in order to
prevent any Person from seeking to foreclose on the Collateral or supersede the Non-Lender Secured Parties’ claim thereto or (B) in opposition to any motion, claim, adversary proceeding or
other pleading made by any Person objecting to or otherwise seeking the disallowance of the claims of the Non-Lender Secured Parties. Each Non-Lender Secured Party, by
its acceptance of the benefits of this Security Agreement, agrees to be bound by and to comply with any Intercreditor Agreement and any Other Intercreditor Agreement and authorizes the Collateral Agent to enter into the Intercreditor Agreements and
Other Intercreditor Agreements on its behalf. 
 (d) Each Non-Lender Secured Party, by its acceptance
of the benefits of this Security Agreement, agrees that the Collateral Agent and the Lenders may deal with the Collateral, including any exchange, taking or release of Collateral, may change or increase the amount of the Obligations, and may release
any Grantor from its Obligations hereunder, all without any liability or obligation (except as may be otherwise expressly provided herein) to the Non-Lender Secured Parties. 

(e) Each Non-Lender Secured Party, by its acceptance of the benefits of this Security Agreement and the
other Collateral Documents, shall be deemed irrevocably to make, constitute and appoint the Collateral Agent, as agent under the Credit Agreement (and all officers, employees or agents designated by the Collateral Agent) as such Person’s true
and lawful agent and attorney-in-fact, and in such capacity, the Collateral Agent shall have the right, with power of substitution for the
Non-Lender Secured Parties and in each such Person’s name or otherwise, to effectuate any sale, transfer or other disposition of the Collateral. It is understood and agreed that the appointment of the
Collateral Agent as the agent and attorney-in-fact of the Non-Lender Secured Parties for the purposes set forth herein is coupled
with an interest and is irrevocable. It is understood and agreed that the Collateral Agent has appointed the Administrative Agent as its agent for purposes of perfecting certain of the security interests created hereunder and for otherwise carrying
out certain of its obligations hereunder. 

  
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 (f) To the maximum extent permitted by law, each
Non-Lender Secured Party waives any claim it might have against the Collateral Agent or the Lenders with respect to, or arising out of, any action or failure to act or any error of judgment, negligence, or
mistake or oversight whatsoever on the part of the Collateral Agent or the Lenders or their respective directors, officers, employees or agents with respect to any exercise of rights or remedies under the Loan Documents or any transaction relating
to the Collateral (including, without limitation, any such exercise described in Section 9(b)), except for any such action or failure to act that constitutes willful misconduct or gross negligence of such Person. To the maximum extent permitted by
applicable law, none of the Collateral Agent or any Lender or any of their respective directors, officers, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall
be under any obligation to sell or otherwise dispose of any Collateral upon the request of Parent, any Subsidiary of Parent, any Non-Lender Secured Party or any other Person or to take any other action or
forbear from doing so whatsoever with regard to the Collateral or any part thereof, except for any such action or failure to act that constitutes willful misconduct or gross negligence of such Person. 

Section 10. Amendments, etc. This Security Agreement may not be amended, modified or waived except with the written consent of
each Grantor and the Collateral Agent (acting pursuant to and in accordance with the terms of Section 10.08 of the Credit Agreement). Any amendment, modification or supplement of or to any provision of this Security Agreement, any termination
or waiver of any provision of this Security Agreement and any consent to any departure by the Grantor from the terms of any provision of this Security Agreement shall be effective only in the specific instance and for the specific purpose for which
made or given. For the avoidance of doubt, it is understood and agreed that any amendment, amendment and restatement, waiver, supplement or other modification of or to any Intercreditor Agreement or any Other Intercreditor Agreement that would have
the effect, directly or indirectly, through any reference herein to any Intercreditor Agreement or any Other Intercreditor Agreement or otherwise, of waiving, amending, supplementing or otherwise modifying this Security Agreement, or any term or
provision hereof, or any right or obligation of any Grantor hereunder or in respect hereof, shall not be given such effect except pursuant to a written instrument executed by such Grantor and the Collateral Agent in accordance with this
Section 10. Notwithstanding the foregoing, the Grantors may cause the Schedules hereto to be amended, supplemented or otherwise modified without the consent of any Person in order to (i) evidence the addition of Collateral pursuant to
Section 27 or the release of Collateral pursuant to Section 11, or (ii) otherwise evidence the release or addition of Collateral in accordance with this Security Agreement and the Credit Agreement. 

Section 11. Release; Termination. 

(a) At such time as the Obligations (other than any contingent indemnification Obligations for which no demand has been made and any
Obligations owing to a Non-Lender Secured Party) then due and owing shall have been paid in full, the Commitments under the Credit Agreement have been terminated and no Letters of

  
 16 

 
Credit shall be outstanding (except for Letters of Credit that have been cash collateralized or otherwise provided for in a manner reasonably satisfactory to the Administrative Agent), all
Collateral shall be automatically released from the Liens created hereby, and this Security Agreement and all obligations (other than those expressly stated to survive such termination) of the Collateral Agent and each Grantor shall automatically
terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the applicable Grantor. At the request and sole expense of any Grantor following any such termination, the
Collateral Agent shall promptly execute, acknowledge and deliver to such Grantor such releases, instruments or other documents (including without limitation UCC termination statements), and do or cause to be done all other acts, as such Grantor
shall reasonably request to evidence such termination. 
 (b) Upon any Permitted Disposition of Collateral (whether by way of the sale of
assets or the sale of Capital Stock of a Grantor of Collateral) of the type described in items (1), (2) (provided the requirements set forth in the first proviso to such section are satisfied), (4) and (5) of the definition of “Permitted
Disposition” or any other type of Permitted Disposition involving divestiture of any Grantor’s title to the related Collateral under the Credit Agreement, the Lien pursuant to this Security Agreement on such sold or disposed of Collateral
shall be automatically released. In connection with any other Disposition of Collateral not covered by the preceding sentence (whether by way of the sale of assets or the sale of Capital Stock of a Grantor of such Collateral) permitted under the
Credit Agreement, the Collateral Agent shall, upon receipt from such Grantor of a written request for the release of the Collateral subject to such sale or other disposition (or in the case of a sale of Capital Stock of such Grantor, the release of
such Grantor’s Collateral), at such Grantor’s sole cost and expense, promptly execute, acknowledge and deliver to such Grantor such releases, instruments or other documents (including without limitation UCC termination statements and any
amendment or modification of this Security Agreement pursuant to a Security Supplement or otherwise), and do or cause to be done all other acts, as such Grantor shall reasonably request to evidence or effect the release of the Liens created hereby
(if any) on such Collateral. 
 (c) If the Borrower or any other Grantor requests release documentation with respect to any Collateral
released as provided in this Section 11, including without limitation UCC termination statements, any amendment or modification of this Security Agreement pursuant to a Security Supplement or otherwise, or other release-related documentation,
the Borrower or other Grantor requesting such documentation shall deliver to the Collateral Agent an Officer’s Certificate stating that the release of such Grantor’s respective Collateral that is to be evidenced by such UCC termination
statements or other instruments is permitted pursuant to this Section 11 and the relevant provisions of the Credit Agreement (provided that an Officer’s Certificate delivered to the Collateral Agent pursuant to Section 6.09(c) of the
Credit Agreement shall be deemed to satisfy the requirements of this clause (c)). The Collateral Agent shall have no liability whatsoever to any Secured Party as the result of any release of Collateral by it as permitted by this Section 11.

  
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 (d) Upon the release of any Grantor from its guarantee of the Obligations pursuant to
Section 9.05 (a) or (b) of the Credit Agreement, such Grantor shall cease to be a Grantor hereunder and the items of Collateral owned by such Grantor shall be released from the Lien and security interest granted hereby, and in connection
therewith, the Collateral Agent will, at the applicable Grantor’s sole expense and cost, promptly execute, acknowledge and deliver to such Grantor such releases, instruments or other documents (including without limitation UCC termination
statements and any amendment or modification of this Security Agreement pursuant to a Security Supplement or otherwise), and do or cause to be done all other acts, as such Grantor shall reasonably request to evidence or effect the release of the
Liens created hereby (if any) on such Collateral. 
 (e) The Liens on any Account Collateral that is withdrawn from any Account (in each
case, in compliance with the Credit Agreement) prior to receipt of a Notice of Exclusive Control (as defined in the applicable Account Control Agreement) by the Securities Intermediary (as defined in the Account Control Agreement) or after receipt
of a Rescission Notice (as defined in the Account Control Agreement) by the Securities Intermediary shall be automatically released upon such withdrawal. 

Section 12. No Waiver, Discontinuance of Proceeding. 

(a) Each and every right, power and remedy hereby specifically given to the Collateral Agent or otherwise in this Security Agreement shall be
cumulative and shall be in addition to every other right, power and remedy specifically given under this Security Agreement or the other Loan Documents now or hereafter existing at law, in equity or by statute and each and every right, power and
remedy whether specifically herein given or otherwise existing may be exercised from time to time or simultaneously and as often and in such order as may be deemed expedient by the Collateral Agent. All such rights, powers and remedies shall be
cumulative and the exercise or the beginning of the exercise of one shall not be deemed a waiver of the right to exercise any other or others. No delay or omission of the Collateral Agent in the exercise of any such right, power or remedy and no
renewal or extension of any of the Obligations shall impair any such right, power or remedy or shall be construed to be a waiver of any default or Event of Default or an acquiescence therein. No notice to or demand on the Grantors in any case shall
entitle them to any other or further notice or demand in similar or other circumstances or constitute a waiver of any of the rights of the Collateral Agent to any other or further action in any circumstances without notice or demand. In the event
that the Collateral Agent shall bring any suit to enforce any of its rights hereunder and shall be entitled to judgment, then in such suit the Collateral Agent may recover reasonable expenses, including reasonable attorneys’ fees and expenses,
and the amounts thereof shall be included in such judgment. 

  
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 (b) In the event the Collateral Agent shall have instituted any proceeding to enforce any right,
power or remedy under this Security Agreement by foreclosure, sale, entry or otherwise, and such proceeding shall have been discontinued or abandoned for any reason or shall have been determined adversely to the Collateral Agent, then and in every
such case each Grantor, the Collateral Agent and each holder of any of the Obligations shall to the extent permitted by applicable law be restored to its respective former positions and rights hereunder with respect to the Collateral, and all
rights, remedies and powers of the Collateral Agent and the Secured Parties shall continue as if no such proceeding had been instituted. 

Section 13. No Legal Title to Collateral in Secured Party. No Secured Party shall have legal title to any part of the Collateral. No
transfer, by operation of law or otherwise, of any portion of the Loan or other right, title and interest of a Secured Party in and to the Collateral or this Security Agreement shall operate to terminate this Security Agreement or entitle any
successor or transferee of such Secured Party to an accounting or to the transfer to it of legal title to any part of the Collateral. 

Section 14. Sale of Collateral by Collateral Agent is Binding. Any sale or other conveyance of any item of Collateral or any
interest therein by the Collateral Agent made pursuant to the terms of this Security Agreement, the Credit Agreement and each applicable Intercreditor Agreement and Other Intercreditor Agreement, shall bind the Secured Parties and the Grantor, and
shall be effective to transfer or convey all right, title and interest of the Collateral Agent, the Grantor, and the Secured Parties in and to any such item of Collateral or any interest therein. No purchaser or other grantee shall be required to
inquire as to the authorization, necessity, expediency or regularity of such sale or conveyance or as to the application of any sale or other Proceeds with respect thereto by the Collateral Agent. 

Section 15. Benefit of Security Agreement. Nothing in this Security Agreement, whether express or implied, shall be construed to
give to any Person other than the Grantor, the Collateral Agent and the Secured Parties any legal or equitable right, remedy or claim under or in respect of this Security Agreement. 

Section 16. Collateral Agent. 

(a) Citicorp North America, Inc., as collateral agent under the 2013 Security Agreement, assigns all of its rights, interests and obligations
under the 2013 Security Agreement to the Collateral Agent and the Collateral Agent hereby assumes all such rights, interests and obligations. 

(b) It is expressly understood and agreed by the parties hereto, and each Secured Party, by accepting the benefits of this Security Agreement,
acknowledges and agrees, that the obligations of the Collateral Agent as holder of the Collateral and interests therein and with respect to the disposition thereof, and otherwise under this Security Agreement, are only those expressly set forth in
this Security Agreement. The Collateral Agent shall act hereunder on the terms and conditions set forth in the Credit Agreement. 
 Section
17. Notices. Except as otherwise specified herein, all notices required or permitted to be given under this Security Agreement shall be in conformance with and subject to the terms of Section 10.01 of the Credit Agreement. All such
notices shall be delivered to the respective addresses for the Grantors and the Collateral Agent set forth in the Credit Agreement. 

  
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 Section 18. Successors and Assigns. This Security Agreement shall be binding upon each
Grantor and its successors and assigns and shall inure to the benefit of the Collateral Agent and each Secured Party and their respective successors and assigns; provided that no Grantor may transfer or assign any or all of its rights or
obligations hereunder without the prior written consent of the Collateral Agent. Without limiting the generality of the foregoing and subject to the provisions of the applicable Loan Documents (including any Intercreditor Agreement and any Other
Intercreditor Agreement), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Security Agreement to any other Person, and following such assignment or transfer, the Collateral Agent shall hold the security
interest and mortgage of this Security Agreement for the benefit of such other Person, subject, however, to the provisions of the applicable Loan Documents (including any Intercreditor Agreement and any Other Intercreditor Agreement). 

All agreements, statements, representations and warranties made by a Grantor herein or in any certificate or other instrument delivered by such
Grantor or on its behalf under this Security Agreement shall be considered to have been relied upon by the Secured Parties and shall survive the execution and delivery of this Security Agreement and the other Loan Documents regardless of any
investigation made by the Secured Parties or on their behalf. 
 Section 19. Governing Law; Submission to Jurisdiction; Service of
Process. THIS SECURITY AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. THE PROVISIONS OF SECTIONS 10.05 AND 10.15 OF THE
CREDIT AGREEMENT ARE INCORPORATED HEREIN MUTATIS MUTANDIS, AS IF FULLY SET FORTH HEREIN. 
 Section 20. Security Interest
Absolute. The obligations of each Grantor hereunder shall remain in full force and effect without regard to, and shall not be impaired by, (a) any exercise or non-exercise, or any waiver of, any
right, remedy, power or privilege under or in respect of this Security Agreement or any other Loan Document, except as specifically set forth in a waiver granted pursuant to Section 10.08 of the Credit Agreement or (b) any amendment to or
modification of any Loan Document or any security for any of the Obligations, whether or not the Grantors shall have notice or knowledge of any of the foregoing, except as specifically set forth in an amendment or modification executed pursuant to
Section 10.08 of the Credit Agreement. 
 Section 21. Severability of Provisions. Any provision of this Security Agreement which
is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting the validity or enforceability
of such provision in any other jurisdiction. 

  
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 Section 22. Headings. Section headings used in this Security Agreement are for convenience
of reference only and shall not affect the construction of this Security Agreement. 
 Section 23. Execution in Counterparts. This
Security Agreement may be executed in any number of counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original, and all of which counterparts, taken together, shall constitute one and the same
Agreement. A set of the counterparts executed by all the parties hereto shall be lodged with the Grantor and the Collateral Agent. Delivery of an executed counterpart of a signature page of this Security Agreement by facsimile or electronic .pdf
copy shall be effective as delivery of a manually executed counterpart of this Security Agreement. 
 Section 24. Survival of
Representations and Warranties, etc. All representations and warranties made by each Grantor herein or in any certificate or other instrument delivered by each Grantor or on its behalf under this Security Agreement shall be considered to have
been relied upon by the Secured Parties and shall survive the execution and delivery of this Security Agreement and the other Loan Documents. 

Section 25. Conflicts with other Loan Documents. Unless otherwise expressly provided in this Security Agreement, if any provision
contained in this Security Agreement conflicts with any provision of any other Loan Document, the provision contained in this Security Agreement shall govern and control, except to the extent of a conflict with the Credit Agreement, in which case
the Credit Agreement shall control; provided, that the inclusion of supplemental rights or remedies in favor of the Collateral Agent or the Lenders in any other Loan Document shall not be deemed a conflict with this Security Agreement. 

Section 26. Additional Grantors. If, at the option of the Borrower or as required pursuant to Section 5.09(a) of the Credit Agreement,
the Borrower shall cause any Subsidiary that is not a Grantor to become a Grantor hereunder (each such Affiliate, an “Additional Grantor”), such Subsidiary shall execute and deliver to the Collateral Agent a Joinder Agreement
substantially in the form of Exhibit B and shall thereafter for all purposes be a party hereto and have the same rights, benefits and obligations as a Grantor party hereto on the Closing Date, it being understood that Section 2 shall apply to,
and the representations and warranties contained in Section 5 shall be made by, such Subsidiary only after such Subsidiary executes and delivers to the Collateral Agent a Joinder Agreement. 

Section 27. Additional Collateral. Any Grantor may elect at any time, without the consent of the Collateral Agent or any Secured Party,
to subject to the Lien of this Security Agreement any Additional Pledged Accounts or Additional Pledged Equipment subject to the delivery of the following documents at no cost to the Collateral Agent or any Secured Party: 

  
 21 

 (i) a Security Supplement duly executed by such Grantor, (A) identifying the
Additional Pledged Equipment or Additional Pledged Accounts and (B) amending or supplementing Schedules 1 through 6 to the extent necessary to describe any such Additional Pledged Equipment or Additional Pledged Accounts, as applicable, or
otherwise amending or supplementing such schedules to the extent necessary to give effect to this Section 27; 
 (ii)
financing statements or amendments to financing statements describing such Additional Pledged Equipment or Additional Pledged Accounts, as applicable; and 

(iii) in the case of any Additional Pledged Accounts, an Account Control Agreement or an amendment to the applicable Account
Control Agreement with respect to such Additional Pledged Accounts. 
 For all purposes hereof, upon the attachment of the Lien of this Security Agreement
thereto, the Additional Pledged Accounts, and/or the Additional Pledged Equipment, if any, shall become part of the Collateral, each such Additional Pledged Accounts shall be deemed “Pledged Accounts” as defined herein and all such
Additional Pledged Equipment shall be deemed “Pledged Equipment” as defined herein. 
 Section 28. Reinstatement. Each
Grantor agrees that, if any payment made by any Grantor or other Person and applied to the Obligations is at any time annulled, avoided, set aside, rescinded, invalidated, declared to be fraudulent or preferential or otherwise required to be
refunded or repaid, or the proceeds of any Collateral are required to be returned by any Secured Party to such Grantor, its estate, trustee, receiver or any other party under any bankruptcy law, state or federal law, common law or equitable cause,
then, to the extent of such payment or repayment, any Lien or other Collateral securing such liability shall be and remain in full force and effect, as fully as if such payment had never been made. If, prior to any of the foregoing, any Lien or
other Collateral securing such Grantor’s liability hereunder shall have been released or terminated by virtue of the foregoing, such Lien or other Collateral shall be reinstated in full force and effect and such prior release, termination,
cancellation or surrender shall not diminish, release, discharge, impair or otherwise affect the obligations of any such Grantor in respect of any Lien or other Collateral securing such obligation or the amount of such payment. 

Section 29. Indemnification. Without limiting the availability of any indemnity pursuant to any other Loan Document, each Grantor
agrees: 
 (a) to pay, or reimburse the Collateral Agent for any and all reasonable fees, costs and expenses of whatever kind or nature
incurred in connection with the creation, preservation or protection of the Collateral Agent’s Liens on, and security interest in, the 

  
 22 

 Collateral, including, without limitation, all fees and taxes in connection with the recording or
filing of instruments and documents in public offices, payment or discharge of any taxes or Liens upon or in respect of the Collateral, premiums for insurance with respect to the Collateral and all other reasonable fees, costs and expenses in
connection with protecting, maintaining or preserving the Collateral and the Collateral Agent’s interest therein, whether through judicial proceedings or otherwise, or in defending or prosecuting any actions, suits or proceedings arising out of
or relating to the Collateral; and 
 (b) to pay, indemnify and hold the Indemnitees harmless from and against any loss, costs, damages and
expenses which the Indemnitees may suffer, expend or incur in consequence of or growing out of any misrepresentation by such Grantor in this Security Agreement, or any other Loan Document or in any writing contemplated by or made or delivered
pursuant to or in connection with this Security Agreement or any other Loan Document (collectively, the “Indemnified Liabilities”); provided that the Grantors shall not have any obligation to the Indemnitees hereunder with
respect to any Indemnified Liabilities to the extent such Indemnified Liabilities arise from the gross negligence or willful misconduct of any Indemnitee (as actually and finally determined by a final and
non-appealable judgment of a court of competent jurisdiction) and only to the extent that such Indemnified Liabilities constitute direct (as opposed to special, indirect, punitive or consequential) damages.

 Section 30. Indemnity Obligations Secured by Collateral. Any amounts paid by any Indemnitee as to which such Indemnitee has the
right to reimbursement shall constitute Obligations secured by the Collateral. The indemnity obligations of each Grantor contained in Section 29 shall continue in full force and effect notwithstanding the full payment of the Loan and the
payment of all other Obligations and notwithstanding the discharge thereof. 
 [Remainder of this page intentionally left blank] 

  
 23 

 IN WITNESS WHEREOF, the parties hereto have caused this Amended and Restated Security Agreement
to be duly executed and delivered by their respective officers thereunto duly authorized as of the date first above written. 
  

			
	AMERICAN AIRLINES, INC.
		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 24 

			
	 ACCEPTED AND AGREED
 as of the date
first above written:

	
	CITIBANK, N.A.,
	as Collateral Agent
		
	By: 	 	  

	Name:	 	
	Title:	 	

 CITICORP NORTH AMERICA, INC. 

solely for purposes of the assignment set forth in Section 16 
  

	
	
By:                  
                                         
                               

	 Name:

	 Title:

  

 Schedule 1 to the 

Security Agreement 
 PLEDGED
FLIGHT SIMULATORS 
 American Airlines, Inc. 

Pledged Flight Simulators 
  

									
	 Grantor
	  	 FAA ID#
	  	Type	  	 Specifications
	  	 Location

	American Airlines, Inc.	  	613	  	A320-200	  	 Level D
 Six Axis

MRF - CAE
 Approval Date - 1999

Visual - CAE Max Vue 180X40 deg
	  	 American Airlines Charlotte Flight Training Center

4800 Hangar Road
 Charlotte, NC 28208

	American Airlines, Inc.	  	643	  	A330-300	  	 Level D
 Six Axis

MFR - CAE
 Approval Date - 1999

Visual - CAE Max Vue 180X40 deg
	  	 American Airlines Charlotte Flight Training Center

4800 Hangar Road
 Charlotte, NC 28208

	American Airlines, Inc.	  	060	  	B757-200	  	 Level C
 Six Axis

MRF – CAE
 Approval date - 1992

Visual - CAE Tropos /4W/4CH
	  	 American Airlines Charlotte Flight Training Center

4800 Hangar Road
 Charlotte, NC 28208

	American Airlines, Inc.	  	902	  	Embraer
170	  	 Level D
 Six Axis

MRF - CAE
 Approval date - 2004

Visual - CAE Tropos/3CH
	  	 American Airlines Charlotte Flight Training Center

4800 Hangar Road
 Charlotte, NC 28208

	American Airlines, Inc.	  	631	  	A320-200	  	 Level D
 Six Axis

MRF - CAE
 Approval date – 1999

Visual - CAE Max Vue 180X40 deg
	  	 American Airlines Charlotte Flight Training Center

4800 Hangar Road
 Charlotte, NC 28208

	American Airlines, Inc.	  	312	  	B757-200	  	 Level D
 Six Axis

MRF - CAE
 Approval date – 1990

Visual - E&S SPX200 4W/3CH
	  	 American Airlines Phoenix Flight Training Center

1950 East Buckeye Road
 Phoenix, AZ 85034

 Schedule 2 to the 

Security Agreement 
 GROUND
SERVICE EQUIPMENT 
 NONE 

 Schedule 3 to the 

Security Agreement 
 PLEDGED
ACCOUNTS 
 NONE 

 Schedule 4 to the 

Security Agreement 
 SCHEDULE OF
LOCATIONS OF GRANTORS 
  

			
	 Grantor
	  	Jurisdiction of Organization/Organizational No.
		
	 American Airlines, Inc.
	  	 Delaware Corporation (Org ID: 332421)

 Schedule 5 to the 

Security Agreement 
 CONSENTS

  

	1.	Consent of CAE, Inc. with respect to the flight simulator software and visual software 

  

	2.	Consent of The Boeing Company with respect to the flight simulator data 

  

	3.	Consent of Airbus with respect to the flight simulator data 

  

	4.	Consent of Embraer with respect to the flight simulator data 

 Schedule 6 to the 

Security Agreement 
 LOCATIONS OF
PLEDGED EQUIPMENT 
 NONE 

 EXHIBIT A 

SUPPLEMENT NO. __ TO SECURITY AGREEMENT 

SUPPLEMENT NO.     , dated as of
                , 20     (this “Security Supplement”), to the Amended and Restated Security Agreement, dated as of December 15,
2016 (as the same may be amended, restated supplemented or otherwise modified from time to time, the “Security Agreement”) among AMERICAN AIRLINES, INC., a Delaware corporation (together with its successors and assigns, the
“Borrower”), certain Affiliates (and their respective successors and assigns) of the Borrower from time to time party thereto pursuant to Section 26 thereof (together with the Borrower, the “Grantors”), and
CITIBANK, N.A., as Collateral Agent and collateral agent for the Secured Parties (as hereinafter defined) (together with its successors and assigns, the “Collateral Agent”) 

A. Capitalized terms used herein and not otherwise defined herein (including terms used in the preamble and the recitals) shall have the
meanings assigned to such terms in the Security Agreement; 
 B. The rules of construction and other interpretive provisions specified in
the Security Agreement shall apply to this Security Supplement. 
 C. [Pursuant to Section 3(c) of the Security Agreement, each Grantor has
agreed to deliver to the Collateral Agent a written supplement substantially in the form of Exhibit A thereto with respect to Additional Pledged Ground Service Equipment, Additional Pledged Flight Simulators and Additional Pledged Accounts. The
Grantors have identified such Additional Pledged Ground Service Equipment, Additional Pledged Flight Simulators and Additional Pledged Accounts acquired by such Grantors after the date of the Security Agreement set forth on Schedules 1, 2 and 3
hereto (collectively, the “Additional Collateral”).]1 
 D. [Pursuant
to Section 11 of the Security Agreement, each Grantor has agreed to deliver to the Collateral Agent a written supplement substantially in the form of Exhibit A thereto with respect to the release of any Collateral hereunder.]2 
 Accordingly, the Collateral Agent and the Grantors agree as follows: 

Section 1. Schedules [1, 2 and 3]3 of the Security Agreement
are hereby [supplemented][restated], as applicable, by the information set forth in Schedules [1, 2 and 3 ]4 hereto. 

 

	1 	To be included for any Additional Pledged Ground Service Equipment, Additional Pledged Flight Simulators and Additional Pledged Accounts. 

	2 	To be included for the release of any Collateral under the Security Agreement. 

	3 	Additional schedules to be included if applicable. 

	4 	Additional schedules to be included if applicable 

 Section 2. This Security Supplement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by facsimile or other electronic transmission (i.e., “pdf” or “tif”) of an executed
counterpart of a signature page to this Security Supplement shall be effective as delivery of an original executed counterpart of this Security Supplement. The Collateral Agent may also require that any such documents and signatures delivered by
facsimile or other electronic transmission be confirmed by a manually-signed original thereof, provided that the failure to request or deliver the same shall not limit the effectiveness of any document or signature delivered by facsimile or other
electronic transmission. 
 Section 3. This Security Supplement shall be construed as supplemental to the Security
Agreement and shall form a part thereof, and the Security Agreement is hereby incorporated by reference herein and is hereby ratified, approved and confirmed and terms not otherwise defined herein shall have the meaning provided in the Security
Agreement. 
 Section 4. THIS SECURITY SUPPLEMENT IS BEING DELIVERED IN THE STATE OF NEW YORK AND SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

 IN WITNESS WHEREOF, the Grantor has caused this Security Supplement to be duly executed by one of
its duly authorized officers, as of the day and year first above written. 
  

			
	[                                    
                                         
         ]
		
	By:	 	  

		 	Name:
		 	Title:

 SCHEDULE 1 

TO SUPPLEMENT NO.         

DESCRIPTION OF ADDITIONAL PLEDGED FLIGHT SIMULATORS 

 SCHEDULE 2 

TO SUPPLEMENT NO.         

DESCRIPTION OF ADDITIONAL PLEDGED GROUND SERVICE EQUIPMENT 

 SCHEDULE 3 

TO SUPPLEMENT NO.____ 

DESCRIPTION OF ADDITIONAL PLEDGED ACCOUNTS 

 EXHIBIT B 

FORM OF JOINDER AGREEMENT 

This JOINDER AGREEMENT, dated as of
                    , 20    , is delivered pursuant to Section 26 of the Amended and Restated Security Agreement, dated as
of December 15, 2016 (the “Security Agreement”), by American Airlines, Inc. (the “Borrower”) and the Affiliates of the Borrower from time to time party thereto, as Grantors, in favor of the Citibank, N.A., as
Collateral Agent and collateral agent for the Secured Parties referred to therein. Capitalized terms used herein without definition are used as defined in the Security Agreement. 

By executing and delivering this Joinder Agreement, the undersigned, as provided in Section 26 of the Security Agreement, hereby becomes
a party to the Security Agreement as a Grantor thereunder with the same force and effect as if originally named as a Grantor therein and, without limiting the generality of the foregoing, as collateral security for the prompt and complete payment
and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of the undersigned, hereby grants, bargains, sells, assigns, transfers, conveys, mortgages, and pledges to the Collateral Agent for the benefit of
the Secured Parties, and grants to the Collateral Agent for the benefit of the Secured Parties a lien on and security interest in, all of its right, title and interest in, to and under the Collateral of the undersigned and expressly assumes all
obligations and liabilities of a Grantor thereunder. The undersigned hereby agrees to be bound as a Grantor for the purposes of the Security Agreement. 

The information set forth in the schedules to this Joinder Agreement is hereby added to the information set forth in Schedule 1 through 6, as
applicable, of the Security Agreement. By acknowledging and agreeing to this Joinder Agreement, the undersigned hereby agrees that this Joinder Agreement may be attached to the Security Agreement and that the Collateral listed on the schedules to
this Joinder Amendment shall be and become part of the Collateral referred to in the Security Agreement and shall secure all Obligations of the undersigned. 

The undersigned hereby represents and warrants that each of the representations and warranties contained in Section 5 of the Security
Agreement applicable to it is true and correct on and as the date hereof as if made on and as of such date. 
 IN WITNESS WHEREOF, the
undersigned has caused this Joinder Agreement to be duly executed and delivered as of the date first above written. 
  

			
	[ADDITIONAL GRANTOR]
		
	By:	 	  

	Name:	 	
	Title:	 	

 EXHIBIT D to 

CREDIT AND GUARANTY AGREEMENT 

FORM OF 
 SPARE PARTS
SECURITY AGREEMENT 
 Dated as of [    ], 20[    ] 

Between 
 AMERICAN
AIRLINES, INC., 
 as Grantor 

and 
 CITIBANK, N.A.,

 as Administrative Agent and Collateral Agent 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE I. DEFINITIONS
	  	 	1	 
			
	 Section 1.1.
	 	 Definitions.
	  	 	1	 
	 Section 1.2.
	 	 Rules of Interpretation
	  	 	2	 
		
	 ARTICLE II. SECURITY
	  	 	2	 
			
	 Section 2.1.
	 	 Grant of Security Interest
	  	 	2	 
		
	 ARTICLE III. GENERAL REPRESENTATIONS, WARRANTIES AND COVENANTS
	  	 	5	 
			
	 Section 3.1.
	 	 Representations and Warranties
	  	 	5	 
	 Section 3.2.
	 	 Representations, Warranties and Covenants
	  	 	6	 
	 Section 3.3.
	 	 Possession, Operation and Use, Maintenance and Registration
	  	 	7	 
	 Section 3.4.
	 	 Tracking System
	  	 	8	 
	 Section 3.5.
	 	 Pledged Spare Parts; Spare Parts Locations
	  	 	8	 
	 Section 3.6.
	 	 Event of Loss
	  	 	10	 
	 Section 3.7.
	 	 Insurance
	  	 	10	 
	 Section 3.8.
	 	 Filings
	  	 	12	 
	 Section 3.9.
	 	 License
	  	 	12	 
		
	 ARTICLE IV. REMEDIES OF THE ADMINISTRATIVE AGENT UPON AN EVENT OF DEFAULT
	  	 	13	 
			
	 Section 4.1.
	 	 Event of Default; Remedies with Respect to Collateral
	  	 	13	 
	 Section 4.2.
	 	 Waiver of Appraisement, Etc.
	  	 	15	 
	 Section 4.3.
	 	 Application of Proceeds
	  	 	16	 
	 Section 4.4.
	 	 Remedies Cumulative
	  	 	16	 
	 Section 4.5.
	 	 Discontinuance of Proceedings
	  	 	17	 
		
	 ARTICLE V. NON-LENDER SECURED PARTIES
	  	 	17	 
		
	 ARTICLE VI. MISCELLANEOUS
	  	 	20	 
			
	 Section 6.1.
	 	 No Legal Title to Collateral in Secured Party
	  	 	20	 
	 Section 6.2.
	 	 Sale of Collateral by Collateral Agent is Binding
	  	 	20	 
	 Section 6.3.
	 	 Benefit of Security Agreement
	  	 	20	 
	 Section 6.4.
	 	 Notices
	  	 	20	 
	 Section 6.5.
	 	 Waiver; Amendment
	  	 	20	 
	 Section 6.6.
	 	 Obligations Absolute
	  	 	21	 

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 Section 6.7.
	 	 Successors and Assigns
	  	 	21	 
	 Section 6.8.
	 	 Headings Descriptive
	  	 	21	 
	 Section 6.9.
	 	 Severability
	  	 	21	 
	 Section 6.10.
	 	 Governing Law; Submission to Jurisdiction; Service of Process; Waiver of Jury Trial
	  	 	21	 
	 Section 6.11.
	 	 Grantor’s Duties
	  	 	22	 
	 Section 6.12.
	 	 Termination; Release
	  	 	22	 
	 Section 6.13.
	 	 Counterparts
	  	 	23	 
	 Section 6.14.
	 	 The Collateral Agent
	  	 	23	 
	 Section 6.15.
	 	 Conflicts with Other Loan Documents
	  	 	24	 
			
	 Appendix A
	 	 Definitions relating to the Spare Parts Security Agreement
	  			
			
	 Schedule I
	 	 Spare Parts Locations
	  			
			
	 Schedule II
	 	 Location of Grantor
	  			
			
	 Schedule III
	 	 Pledged Expendable Parts
	  			
			
	 Schedule IV
	 	 Pledged Key Repairables
	  			
			
	 Schedule V
	 	 Pledged Rotables
	  			
			
	 Exhibit A
	 	 Form of Spare Parts Security
	  			
		 	 Agreement Supplement
	  			

  
 ii 

 SPARE PARTS SECURITY AGREEMENT 

This SPARE PARTS SECURITY AGREEMENT dated as of [    ], 20[    ] (this “Security
Agreement”), is between [American Airlines, Inc., a Delaware corporation] (together with its successors and assigns, the “Grantor”), and Citibank, N.A., as administrative agent and collateral agent for the Secured Parties
(as hereinafter defined) (together with any successor administrative agent appointed pursuant to the Credit Agreement (as hereinafter defined), the “Collateral Agent”). 

WITNESSETH: 
 WHEREAS, the
Grantor is a certificated U.S. air carrier under Section 44705 of Title 49 of the United States Code and holds air carrier operating certificates; 

WHEREAS, the Grantor, the other Affiliates of the Grantor party thereto (together with the Grantor, the “Borrower Parties”),
the several lenders from time to time party thereto (collectively, the “Lenders”) and the Collateral Agent are parties to that certain Amended and Restated Credit and Guaranty Agreement dated as of December 15, 2016 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”); 
 WHEREAS, to induce the Lenders to enter
into the Credit Agreement, the Borrower Parties have agreed to enter into Collateral Documents from time to time; 
 WHEREAS, the Collateral
Agent and one or more Additional Agents may in the future enter into one or more Intercreditor Agreement and/or Other Intercreditor Agreements; and 

WHEREAS, the Grantor may establish one or more accounts for cash and to hold securities and other financial assets (each, an
“Account”) that will be subject to one or more Account Control Agreements. 
 NOW, THEREFORE, in consideration of these
premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 

ARTICLE I. 
 DEFINITIONS 

Section 1.1. Definitions. For all purposes of this Security Agreement, unless the context otherwise requires, capitalized terms
used but not defined herein have the respective meanings set forth or incorporated by reference in Annex A, or if not defined in Annex A, the meanings set forth in the Credit Agreement. 

 Section 1.2. Rules of Interpretation. 

(a) The definitions stated herein shall be equally applicable to the singular and plural forms of the terms defined. 

(b) The parties to this Security Agreement agree that the rules of interpretation set out in Section 1.02 of the Credit
Agreement shall apply to this Security Agreement mutatis mutandis as if set out in this Security Agreement. 
 ARTICLE II. 

SECURITY 
 Section 2.1.
Grant of Security Interest. The Grantor, in order to secure (i) the prompt payment of all the payment Obligations in full when due and (ii) the performance and observance by the Grantor and each other Obligor of all other
Obligations, in each case whether by lapse of time, acceleration, mandatory prepayment or otherwise, and in consideration of the premises and of the covenants herein contained, and of other good and valuable consideration, the receipt of which is
hereby acknowledged, does hereby grant, bargain, sell, assign, transfer, convey, mortgage, pledge and confirm unto the Collateral Agent, its permitted successors and assigns, for the security and benefit of the Secured Parties until released
pursuant to Section 6.12, a continuing security interest in, and mortgage lien on, all estate, right, title and interest of the Grantor in, to and under the following described properties, rights, interests and privileges, whether now owned or
hereafter acquired and wherever located (which, collectively, including all property hereafter specifically subjected to the Lien of this Security Agreement by any instrument supplemental hereto, are referred to herein as the
“Collateral”): 
 (a) the Pledged Spare Parts and all replacements therefor and substitutions therefor in
which the Grantor shall from time to time acquire an interest; 
 (b) the Records; 

(c) all of the right, title and interest of such Grantor in, to and under each Account and all cash, checks, securities, money
orders and other items of value of such Grantor now or hereafter paid, deposited, credited or held (whether for collection, provisionally or otherwise) in each Account (the “Account Collateral”); 

(d) all insurance proceeds and condemnation proceeds and any other proceeds of any kind resulting from an Event of Loss, but
excluding any liability insurance maintained by the Grantor; 

  
 2 

 (e) the rights of the Grantor under any warranty or indemnity, express or
implied, regarding title, materials, workmanship, design or patent infringement or related matters in respect of the Pledged Spare Parts; 

(f) all rents, issues, profits, revenues and other income of the property subjected to the Lien of this Security Agreement;

 (g) any and all property that may, from time to time hereafter, by Security Agreement Supplement be subjected to the lien
and security interest hereof and the Collateral Agent is hereby authorized to receive the same at any and all times as and for additional security hereunder; 

(h) all Proceeds of the foregoing. 

PROVIDED, HOWEVER, that notwithstanding any of the foregoing provisions of this Section 2.1, unless and until an Event of Default shall
have occurred and be continuing (i) the Grantor shall have the right, to the exclusion of the Collateral Agent and the other Secured Parties, to quiet enjoyment of the Pledged Spare Parts and other Collateral, and to possess, use, retain and
control the Pledged Spare Parts and other Collateral and all revenues, income and profits derived therefrom and (ii) neither the Collateral Agent, acting on behalf of the Secured Parties, nor any Secured Party, shall, through its own actions or
inactions, interfere with, or suffer to exist with respect to any Pledged Spare Part or other Collateral any Lien attributable to the Collateral Agent or any Secured Party which might interfere with, the Grantor’s continued possession, use and
operation of, and quiet enjoyment of, each Pledged Spare Part and all other Collateral without hindrance during the term of this Security Agreement in accordance with the terms of the Loan Documents. 

TO HAVE AND TO HOLD the Collateral unto the Collateral Agent, its permitted successors and assigns, until the Termination Date or until
otherwise released pursuant to Section 6.12, upon the terms herein set forth, in trust for the benefit, security and protection of the Secured Parties, and for the uses and purposes and subject to the terms and provisions set forth in this
Security Agreement and the Credit Agreement. 
 It is expressly agreed that anything herein contained to the contrary notwithstanding, the
Grantor shall remain liable under each of the contracts and agreements included in the Collateral to which it is a party to perform all of the obligations assumed by it thereunder, all in accordance with and pursuant to the terms and provisions
thereof, and no Secured Party shall have any obligation or liability under any such contracts and agreements to which the Grantor is a party by reason of or arising out of the assignment hereunder, nor shall any Secured Party be required or
obligated in any manner to perform or fulfill any obligations of the Grantor under any such contracts and agreements to which the Grantor is a party, or, except as herein expressly provided, to make any payment, or to make any inquiry as to the
nature or sufficiency of any payment received by it, or present or file any claim, or take any action to collect or enforce the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times. 

  
 3 

 The Grantor does hereby irrevocably constitute and appoint the Collateral Agent the true and
lawful attorney of the Grantor (which appointment is coupled with an interest) with full power (in the name of the Grantor or otherwise) to ask, require, demand, receive, compound and give acquittance for any and all moneys and claims for moneys (in
each case including insurance and requisition proceeds) and all other property which now or hereafter constitute part of the Collateral, to endorse any checks or other instruments or orders in connection therewith and to file any claims or to take
any action or to institute any proceeding which the Collateral Agent may deem to be necessary or advisable in the premises; provided that the Collateral Agent shall not exercise any of such rights except upon the occurrence and during the
continuance of an Event of Default. 
 The Grantor agrees that (x) on the date hereof, (y) promptly upon any Collateral becoming
subject to the Lien of this Security Agreement and (z) at any time and from time to time upon the written request of the Collateral Agent, at the Grantor’s sole cost and expense, other than with respect to Excluded Spare Parts, the Grantor
will promptly and duly execute and deliver and record (as applicable) or cause to be duly executed and delivered and recorded any and all further agreements, financing statements, instruments, certificates and documents as the Collateral Agent may
reasonably deem necessary or advisable to create, preserve, perfect, confirm or validate the security interests in the Collateral or to enable the Collateral Agent to obtain the full benefits of this Security Agreement or to enable the Collateral
Agent to lawfully enforce any of its rights, powers and remedies hereunder with respect to any of the Collateral, it being acknowledged and agreed that the Collateral Agent is expressly authorized to unilaterally exercise or cause to be exercised
any and all rights of a secured party permitted to be exercised unilaterally hereunder or under applicable law, including the filing of UCC financing statements (or amendments thereto) in respect of any of the Collateral. 

Notwithstanding anything herein to the contrary, it is the understanding of the parties hereto that the Liens granted pursuant to
Section 1 shall, prior to the Discharge of Additional Obligations that are Senior Priority Obligations, be pari passu and equal in priority to the Liens granted to any Additional Agent for the benefit of the holders of the applicable Additional
Obligations that are Senior Priority Obligations to secure such Additional Obligations that are Senior Priority Obligations pursuant to the applicable Additional Collateral Documents (except as may be separately otherwise agreed between the
Collateral Agent, on behalf of itself and the Secured Parties, and any Additional Agent, on behalf of itself and the Additional Credit Facility Secured Parties represented thereby). The Collateral Agent acknowledges and agrees that, in the event
that it enters into an Intercreditor Agreement or an Other Intercreditor Agreement, the relative priority of the Liens granted to the Collateral Agent, the Administrative Agent and any Additional Agent shall be determined solely (as between the
parties to such Intercreditor Agreement 

  
 4 

 
or Other Intercreditor Agreement and except as otherwise provided therein) pursuant to the applicable Intercreditor Agreements and Other Intercreditor Agreements, and not by priority as a matter
of law or otherwise. Notwithstanding anything herein to the contrary, the Liens granted to the Collateral Agent pursuant to this Security Agreement and the exercise of any right or remedy by the Collateral Agent hereunder are subject to the
provisions of the applicable Intercreditor Agreements and Other Intercreditor Agreements. In the event of any conflict between the terms of any Intercreditor Agreement or any Other Intercreditor Agreement and this Security Agreement, the terms of
such Intercreditor Agreement or Other Intercreditor Agreement, as applicable, shall govern and control as among (i) the Collateral Agent and any Additional Agent, in the case of the Intercreditor Agreement, and (ii) the
Collateral Agent and any other secured creditor (or agent therefor) party thereto, in the case of any Other Intercreditor Agreement. In the event of any such conflict, the Grantors may act (or omit to act) in accordance with such Intercreditor
Agreement or such Other Intercreditor Agreement, as applicable, and shall not be in breach, violation or default of its obligations hereunder by reason of doing so. Notwithstanding any other provision hereof, for so long as any Additional
Obligations that are Senior Priority Obligations remain outstanding, any obligation hereunder to deliver, transfer or assign to the Collateral Agent any Collateral shall be satisfied by causing such Collateral to be delivered, transferred or
assigned to the applicable Senior Priority Representative to be held in accordance with the Intercreditor Agreement. 
 ARTICLE III. 

GENERAL REPRESENTATIONS, WARRANTIES AND COVENANTS 

Section 3.1. Representations and Warranties. The Grantor represents and warrants on and as of the date hereof, which
representations and warranties shall survive execution and delivery of this Security Agreement, as follows: 
 (a)
Certificated U.S. Air Carrier; Location of Pledged Spare Parts. The grantor is a Certificated Air Carrier and the Pledged Spare Parts which are subject to this Security Agreement are maintained by it or on its behalf. The Spare Parts
Locations identified on Schedule I hereto or otherwise identified on a Security Agreement Supplement hereto are the only locations at which Pledged Spare Parts (other than Excluded Spare Parts) are maintained by the Grantor (or on its behalf). 

(b) Necessary Filings. Other than with respect to Excluded Spare Parts and the Account Collateral, upon (i) the
filing of this Security Agreement with the FAA in accordance with the Federal Aviation Act and the regulations thereunder and (ii) any local filings under the UCC that the Collateral Agent shall reasonably deem necessary or advisable, all
filings, registrations and recordings that the Collateral Agent shall reasonably deem necessary or advisable 

  
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to create, preserve, protect and perfect the security interest granted by the Grantor to the Collateral Agent hereby in respect of the Collateral will have been accomplished or, as to Collateral
to become subject to the security interest of this Security Agreement as provided herein from time to time after the date hereof, will be accomplished simultaneously with such Collateral being subject to the Lien of this Security Agreement, and the
security interest granted to the Collateral Agent pursuant to this Security Agreement in and to the Collateral will constitute a perfected security interest therein prior to the rights of all other Persons therein, subject to no other Liens (other
than Permitted Liens), and will be entitled to all the rights, priorities and benefits afforded by the Federal Aviation Act and other relevant law as enacted in any relevant jurisdiction to perfected security interests, in each case subject to any
Intercreditor Agreement and any Other Intercreditor Agreement, 
 (c) Location. The Grantor is organized under the
laws of the state listed on Schedule II hereto or on an applicable Security Agreement Supplement and the Grantor is a registered organization located in such state for purposes of UCC 9-307. 

(d) Recourse. This Security Agreement is made with full recourse to the Grantor and pursuant to and upon all the
warranties, representations, covenants and agreements on the part of the Grantor contained herein, in the other Loan Documents and otherwise in writing in connection herewith or therewith. 

(e) Section 1110 of the Bankruptcy Code. The Collateral Agent is entitled to the benefits of Section 1110 of the
Bankruptcy Code, subject to the Grantor’s rights thereunder, with respect to the right to take possession of the Pledged Spare Parts, to the extent that any such Pledged Spare Part was first placed in service after October 22, 1994, and to
enforce any of its other rights or remedies as provided in this Security Agreement in the event of a case under Chapter 11 of the Bankruptcy Code in which the Grantor is a debtor, all subject to the provisions and limitations of the Bankruptcy Code.

 Section 3.2. Representations, Warranties and Covenants. The Grantor represents, warrants and covenants, which
representations, warranties and covenants survive execution and delivery of this Security Agreement, as follows: 
 (a) No
Liens. The Grantor is, and as to Collateral acquired by it from time to time after the date hereof the Grantor will be, the owner of all Collateral free from any Lien, or other right, title or interest of any Person (other than Permitted Liens
and the Liens created hereunder), and the Grantor shall defend the Collateral against all claims and demands of all Persons (other than Persons claiming by, through or under the Collateral Agent) at any time claiming the same or any interest therein
adverse to the Collateral Agent other than claims or demands arising out of Permitted Liens. 

  
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 (b) Other Financing Statements. There is no effective financing statement
(or similar statement or instrument of encumbrance under the law of any jurisdiction) covering or purporting to cover any interest of any kind in the Collateral (other than with respect to Permitted Liens and other than financing statements with
respect to which UCC terminations copies of which have been delivered to the Collateral Agent), and the Grantor will not execute or authorize to be filed in any public office any financing statement (or similar statement or instrument of encumbrance
under the law of any jurisdiction) or statements relating to the Collateral, except financing statements filed or to be filed in respect of and covering the security interests granted hereby by the Grantor and financing statements filed or to be
filed in respect of and covering Permitted Liens. 
 (c) No Interim Filings. On and following the date hereof, the
Grantor will not execute or authorize any filings, registrations or recordings (other than releases) with the FAA over any Collateral until the filings, registrations or recordings contemplated by Section 3.1(b) have been completed to the
satisfaction of the Collateral Agent. 
 (d) Notice of Certain Changes. It shall give to the Collateral Agent timely
notice (but in any event not later than 15 days prior to the expiration of the period of time specified under applicable law to prevent lapse of perfection) of any (a) change in its jurisdiction of incorporation, or (b) change in its name,
identity or organizational structure to such an extent that any UCC financing statement filed by the Grantor in connection with this Security Agreement would become seriously misleading. 

Section 3.3. Possession, Operation and Use, Maintenance and Registration. 

(a) Operation and Use. So long as any Pledged Spare Part is subject to the Lien of this Security Agreement, the Grantor
will not maintain, use, service, repair or overhaul any Pledged Spare Part in violation of any law or any rule, regulation, order or certificate of any government or Governmental Authority (domestic or foreign) having jurisdiction, or in violation
of any airworthiness certificate, license or registration relating to any Aircraft issued by any such authority except (i) immaterial or non-recurring violations with respect to which corrective measures
are taken promptly by the Grantor, or a Lessee, as the case may be upon discovery thereof or (ii) where the validity or application of such law, rule, regulation or order is being contested in good faith in any reasonable manner which does not
adversely affect the Lien of this Security Agreement and does not involve any material risk of sale, forfeiture or loss of the applicable Pledged Spare Parts or any other item of Collateral. 

(b) Maintenance. So long as any Pledged Spare Part is subject to the Lien of this Security Agreement, the Grantor
covenants that it shall maintain or cause to be maintained all records, logs and other materials required to be maintained in respect of such Pledged Spare Part in accordance with its FAA approved maintenance program. 

  
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 Section 3.4. Tracking System. The Grantor covenants that it shall at all times
maintain Tracking Systems substantially similar to the Tracking Systems it maintains as at the date hereof and its perpetual inventory procedures for the Pledged Spare Parts that provide a continuous internal audit of the Pledged Spare Parts;
provided that the Grantor may consolidate multiple Tracking Systems into a single Tracking System with similar capabilities. At reasonable times during normal business hours and upon reasonable notice to the Grantor, the Collateral Agent
shall be entitled to access and inspect the Tracking Systems to ensure the Grantor’s compliance with the terms hereof; provided that, (i) unless a Default or Event of Default shall have occurred and be continuing, such inspections
shall occur not more than once per calendar year and (ii) such inspection right shall not be exercised in a manner which is unduly disruptive to the operation or maintenance of the Tracking Systems or the business operations of the Grantor.

 Section 3.5. Pledged Spare Parts; Spare Parts Locations. The Grantor covenants as follows: 

(a) Possession of Pledged Spare Parts. Except for Permitted Dispositions, without the prior consent of the Collateral
Agent, the Grantor covenants that it will not (A) Dispose of any of its Pledged Spare Parts to any Person, except that the Grantor shall have the right in the Ordinary Course of Business, (i) to transfer possession of any Pledged Spare
Parts belonging to the Grantor to the manufacturer thereof or any service provider for testing, overhaul, repairs, maintenance, servicing, alterations or modification purposes, (ii) to transfer possession of any Pledged Spare Parts belonging to
the Grantor to any Person for the purpose of transport between Spare Parts Locations, transport to/from the manufacturer thereof or any service provider for any of the purposes described in clause (i) above and transport to any other locations
owned or operated by the Grantor in the ordinary course of business (iii) to sell, lease, transfer, relinquish possession, exchange or otherwise dispose of its Pledged Spare Parts to the extent permitted in the Credit Agreement, (iv) to
subject any Pledged Spare Part to an interchange or pooling, exchange, borrowing, maintenance or servicing arrangement in the Ordinary Course of Business and (v) to sell, lease or otherwise transfer possession of or title to any Pledged Spare
Part to any Affiliate of the Borrower that is a grantor under a spare parts security agreement substantially similar to this Security Agreement; provided, however, that if the Grantor’s title to any such Pledged Spare Part shall
be divested under any situation described in clauses (i) through (iv) above, other than a sale of Pledged Spare Parts, such divestiture shall be deemed to be a Disposition with 

  
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respect to such Pledged Spare Part subject to the provisions of Section 2.12(a) of the Credit Agreement or (B) commingle at any location its spare parts which are Collateral with the spare
parts of another Affiliate if such other Affiliate has pledged spare parts which are not Collateral to secure any other Indebtedness or obligation, unless (x) the ownership of each such commingled spare part can be definitively determined at
all times by reference to the Affiliates’ spare parts tracking numbers and system or (y) the spare parts of such Affiliate are not of a type or category of spare parts that corresponds to a type or category of Spare Parts that is included
in the Collateral; provided that spare parts that are segregated on a separate aisle, shelf or in a separate storage bin or other storage unit or area shall not be considered as having been commingled even though such spare parts are present
at the same location so long as the Obligors install signs in or on each such aisle, shelf, bin or other storage unit or area containing Collateral bearing the inscription: “Property of American Airlines, Inc. (or other applicable Obligor),
Mortgaged to Citibank, N.A., as Collateral Agent” (such sign to be replaced if there is a successor Collateral Agent). Notwithstanding anything herein to the contrary, for the avoidance of doubt, the Grantor shall have the right to incorporate
in, install on, attach or make appurtenant to, or use in, any aircraft, engine or propeller owned or leased by the Grantor or any Affiliate of the Grantor (whether or not subject to any Lien), any Pledged Spare Part free and clear of the Lien of
this Security Agreement. 
 (b) Spare Parts Locations. The Grantor shall maintain and keep the Pledged Spare Parts at
one or more of the Spare Parts Locations, except (i) as otherwise permitted under Section 3.5(a) or (ii) Pledged Spare Parts not held at Spare Parts Locations with an aggregate System Value for such Pledged Spare Parts not in excess of
$100 million as of any applicable date. The Grantor may, without the consent of the Collateral Agent or any Lender, (x) subject additional spare parts to the Lien of this Security Agreement or (x) maintain Pledged Spare Parts at one
or more locations that are not Spare Parts Locations if the exceptions in the preceding sentence do not apply, if in each case, the Grantor promptly furnishes to the Collateral Agent the following: 

(i) a Security Agreement Supplement duly executed by the Grantor, (A) identifying, as applicable, (x) each location
that is to become a Spare Parts Location and specifically subjecting the Pledged Spare Parts at such location to the Lien of the Collateral Documents or (y) the additional spare parts being made subject to the Lien of this Security Agreement
and the location at which such spare parts are maintained and (B) amending or supplementing Schedules I and III to the extent necessary to describe any such additional Spare Parts Locations or additional Pledged Spare Parts, as applicable; and

  
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 (ii) with respect to any Pledged Spare Parts located in the United States, a
legal opinion from FAA counsel (which opinion and counsel shall be reasonably satisfactory to the Collateral Agent), dated the date of execution of said Security Agreement Supplement, stating that said Security Agreement Supplement has been duly
filed for recording in accordance with the provisions of the Federal Aviation Act, and either: (A) no other filing or recording is required in any other place within the United States in order to perfect the Lien of this Security Agreement on
the Collateral identified therein under the laws of the United States, or (B) if any such filing or recording shall be required, that said filing has been accomplished in such other manner and places, which shall be specified in such legal
opinion, as are necessary to perfect the Lien of this Security Agreement. 
 Section 3.6. Event of Loss. The Grantor covenants
that all insurance proceeds or condemnation proceeds received with respect to Pledged Spare Parts, whether as a result of the occurrence of an Event of Loss or property damage or loss not constituting an Event of Loss, will be subject to the
provisions of Section 2.12(a) of the Credit Agreement to the extent required by such provision. 
 Section 3.7. Insurance. The
Grantor covenants as follows: 
 (a) Insurance Against Loss or Damage to the Pledged Spare Parts. 

(i) Except as provided in Section 3.7(c), the Grantor shall maintain, at its expense, with financially sound and reputable
insurance companies, all-risk coverage of Pledged Spare Parts, in such forms and amounts and of such type as from time to time applicable to spare parts owned by the Grantor of the same type as the relevant
Pledged Spare Parts; provided that such insurance shall be at least of a scope and coverage as is customarily carried by United States-based major air carriers engaged in the same or similar business, similarly situated with the Grantor and
owning similar spare parts; provided, further, that such insurance shall at all times during the term of this Security Agreement be for an amount not less than the Appraised Value applicable to such Pledged Spare Parts. Any policies
carried in accordance with this paragraph (a) covering Collateral and any policies taken out in substitution or replacement for any such policies (1) shall be amended to name the Collateral Agent (on behalf of the other Secured Parties) as
sole loss payee, as its interest may appear (but without imposing on any such party liability to pay premiums with respect to such insurance), (2) shall provide that if the insurers cancel such insurance for any reason whatever, or such insurance
terminates for nonpayment of premium or if any material 

  
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change is made in the insurance which adversely affects the interest of the Collateral Agent, such cancellation, lapse or change shall not be effective as to the Collateral Agent for thirty
(30) days (ten (10) days in the case of cancellation for failure to pay premiums) after issuance to the Collateral Agent of written notice by such insurers of such cancellation, lapse or change; provided, however, that if any
notice period referred to above is not reasonably obtainable, such policies shall provide for as long a period of prior notice as shall then be reasonably obtainable, (3) shall provide that in respect of the interest of the Collateral Agent in
such policies the insurance shall not be invalidated by any action or inaction of the Grantor or any other insured and shall insure the Collateral Agent regardless of any breach or violation of any warranty, declaration or condition contained in
such policies by the Grantor, (4) shall waive any right of subrogation of the insurers against the Secured Parties but only to the extent the Grantor has waived its rights of recovery against and/or indemnified the Secured Parties under this
Agreement, and (5) shall waive any right of the insurers to set-off or counterclaim or any other deduction, whether by attachment or otherwise, in respect of any liability of the Secured Parties or the
Grantor to the extent of any moneys due to the Collateral Agent. 
 (b) Reports, Etc. Except with respect to any
insurance provided by the United States government, the Grantor will furnish, or cause to be furnished, to the Collateral Agent, on or before the date hereof and thereafter upon reasonable request by the Collateral Agent, a certificate of insurance
and a letter of undertaking, signed by Factory Mutual Insurance Company or any other independent firm of insurance brokers reasonably acceptable to the Collateral Agent which insurance broker may be in the regular employ of the Grantor (the
“Insurance Brokers”). The Grantor will cause such Insurance Brokers to agree to advise the Collateral Agent in writing (except to the extent that agreement to provide such notice is not commercially available from such Insurance
Broker, in which case the Grantor shall provide such written notice to the Collateral Agent) of any default in the payment of any premium. In addition, the Grantor will also cause such Insurance Brokers to deliver to the Collateral Agent, on or
prior to the date of expiration of any insurance policy referenced in a previously delivered certificate of insurance, a new certificate of insurance, substantially in the same form as delivered by the Grantor to the Collateral Agent on the date
hereof or other renewal documentation as may be customary except for such changes in the report or the coverage consistent with the terms hereof. In the event that the Grantor shall fail to maintain or cause to be maintained insurance as herein
provided, the Collateral Agent may at its sole option provide such insurance and, in such event, the Grantor shall, upon demand, reimburse the Collateral Agent for the cost thereof to the Collateral Agent, without waiver of any other rights the
Collateral Agent may have. 

  
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 (c) Self-insurance. The Grantor may
self-insure by way of deductible, premium adjustment or franchise provisions or otherwise in the insurance covering the risks required to be insured against pursuant to Section 3.7(a) in respect of Pledged
Spare Parts; provided that such self-insurance shall not exceed $200,000 per occurrence. In addition, the Grantor may self-insure the risks required to be insured against pursuant to this Section 3.7 in an amount equal to any applicable
mandatory minimum per occurrence (or, if applicable, annual or other period) deductible imposed by its property or liability insurer, which are commensurate with the standard deductibles in the aircraft insurance industry. 

(d) Retention During Defaults or Events of Default. Any amount referred to in this Section 3.7 that is payable to
or retainable by the Grantor shall not be paid to or retained by the Grantor if at the time of such payment or retention the Collateral Agent shall have delivered a written notice that an Event of Default, but shall be held by or paid over to the
Collateral Agent as security for the Obligations and applied against the Obligations as and when due. Upon the earlier of (i) such time as there shall not be continuing any such Default or Event of Default or (ii) the termination of this
Security Agreement in accordance with Section 6.12, such amount shall be paid to the Grantor to the extent not previously applied in accordance with the preceding sentence. 

Section 3.8. Filings. The Grantor will take, or cause to be taken, at the Grantor’s cost and expense, such action with
respect to the recording, filing, re-recording and re-filing of this Security Agreement (i) in the office of the Federal Aviation Administration, pursuant to the
Federal Aviation Act and (ii) in such other places as may be required under any applicable law or regulation, each Security Agreement Supplement and any financing statements or other instruments as are necessary or reasonably requested by the
Collateral Agent, to maintain, so long as this Security Agreement is in effect, the perfection and preservation of the Lien created by this Security Agreement with respect to Pledged Spare Parts located at Spare Parts Locations, and will furnish to
the Collateral Agent timely notice of the necessity of such action, together with, if requested by the Collateral Agent, such instruments, in execution form, and such other information as may be reasonably required to enable the Collateral Agent to
take such action or otherwise reasonably requested by the Collateral Agent. 
 Section 3.9. License. The Grantor shall at all
times maintain, and upon the exercise of remedies with respect to Pledged Spare Parts shall make available to the Collateral Agent, the Lenders or their representatives, the ability to access, download, view and manipulate in a usable way all
electronically stored Records concerning the Pledged Spare Parts without need of any additional software license or sublicense beyond that which is either maintained by the Grantor and may lawfully be utilized by the Collateral Agent, the Lenders or
their representatives or is readily available at no more than incidental cost. 

  
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 ARTICLE IV. 

REMEDIES OF THE ADMINISTRATIVE AGENT UPON AN EVENT OF DEFAULT 

Section 4.1. Event of Default; Remedies with Respect to Collateral. 

(a) Remedies Available. Upon the occurrence and during the continuance of any Event of Default, the Collateral Agent may
do one or more of the following: 
 (i) cause the Grantor, upon the written demand of the Collateral Agent, at the
Grantor’s expense, to deliver promptly, and the Grantor shall deliver promptly, all or such part of the Collateral (other than the Account Collateral) as the Collateral Agent may so demand to the Collateral Agent or its order, or the Collateral
Agent, at its option, may access and utilize the Tracking Systems (and demand the assistance of the Grantor’s personnel necessary to access and utilize the Tracking Systems); provided, however, that the Collateral Agent may be restricted
from using the Tracking System to the extent that an applicable consent has not been obtained. 
 (ii) sell or otherwise
liquidate, or direct the Grantor to sell or otherwise liquidate, all or any part of the Collateral at public or private sale, whether or not the Collateral Agent shall at the time have possession thereof, as the Collateral Agent may determine, or
lease or otherwise dispose of all or any part of the Collateral as the Collateral Agent, in its sole discretion, may determine, all free and clear of any rights or claims of whatsoever kind of the Grantor; provided, however, that the
Grantor shall be entitled at any time prior to any such disposition to redeem the Collateral by paying in full all of the Obligations; 

(iii) without notice to the Grantor except as required by law and at any time or from time to time, deliver a Notice of
Exclusive Control (as defined in the Account Control Agreement), and charge, set off and otherwise apply all or any part of the Obligations against any funds held with respect to the Account Collateral; or 

(iv) exercise any or all of the rights and powers and pursue any and all remedies of a secured party under the UCC and any
other applicable law. 
 Upon every taking of possession of Collateral (other than Account Collateral) under this Section 4.1, the
Collateral Agent may, from time to time, at the expense of the Grantor, make all such expenditures for maintenance, insurance, repairs, replacements, alterations, additions and improvements to and of the Collateral, as it may deem proper.

  
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In each such case, the Collateral Agent shall have the right to maintain, store, lease, control or manage the Collateral and to exercise all rights and powers of the Grantor relating to the
Collateral in connection therewith, as the Collateral Agent shall deem best, including the right to enter into any and all such agreements with respect to the maintenance, insurance, storage, leasing, control, management or disposition of the
Collateral or any part thereof as the Collateral Agent may determine; and the Collateral Agent shall be entitled to collect and receive directly all tolls, rents, revenues, issues, income, products and profits of the Collateral and every part
thereof, without prejudice, however, to the right of the Collateral Agent under any provision of this Security Agreement to collect and receive all cash held by, or required to be deposited with, the Collateral Agent hereunder. Such tolls, rents,
revenues, issues, income, products and profits shall be applied to pay the expenses of storage, leasing, control, management or disposition of the Collateral, and of all maintenance, repairs, replacements, alterations, additions and improvements,
and to make all payments which the Collateral Agent may be required or may elect to make, if any, for taxes, assessments, insurance or other proper charges upon the Collateral or any part thereof (including the employment of engineers and
accountants to examine, inspect and make reports upon the properties and books and records of the Grantor), and all other payments which the Collateral Agent may be required or authorized to make under any provision of this Security Agreement, as
well as just and reasonable compensation for the services of the Collateral Agent, and of all Persons properly engaged and employed by the Collateral Agent. 

In addition, the Grantor shall be liable for all legal fees and other costs and expenses incurred by reason of the occurrence of any Event of Default or the
exercise of the Collateral Agent’s remedies with respect thereto. 
 If (x) any Event of Default shall have occurred and be continuing, or
(y) the Loans shall have been declared forthwith due and payable pursuant to Section 7.01 of the Credit Agreement, the Collateral Agent may at any time thereafter while any Event of Default shall be continuing, without notice of any kind
to the Grantor (except as provided herein) to the extent permitted by law, carry out or enforce any one or more of the actions and remedies provided in this Article IV or elsewhere in this Security Agreement or otherwise available to a secured party
under the UCC, whether or not any or all of the Collateral is subject to the jurisdiction of the UCC or such remedies are referred to in this Article IV, in each case subject to Section 7.01 of the Credit Agreement and each applicable
Intercreditor Agreement and Other Intercreditor Agreement. 
 Nothing in the foregoing shall affect the right of each Secured Party to receive all payments
of principal of, and interest on, the Obligations held by such Secured Party and all other amounts owing to such Secured Party as and when the same may be due. 

(b) Notice of Sale. The Collateral Agent or any other Secured Party may be the purchasers of any or all of the
Collateral at any sale of Collateral and shall be entitled, for the purpose of bidding and making settlement or 

  
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payment of the purchase price for all or any portion of the Collateral sold at such sale, to use and apply any of the Obligations owed to such Person as a credit on account of the purchase price
of any Collateral payable by such Person at such sale. Each purchaser at any such sale shall acquire the property sold absolutely free from any claim or right on the part of the Grantor. The Grantor agrees that, to the extent notice of sale shall be
required by law, at least 10 days’ notice to the Grantor of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification. The Collateral Agent shall not be obligated to
make any sale of Collateral regardless of notice of sale having been given. The Collateral Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further
notice, be made at the time and place to which it was so adjourned. 
 (c) Receiver. If any Event of Default shall
occur and be continuing, to the extent permitted by law, the Collateral Agent shall be entitled, as a matter of right as against the Grantor, without notice or demand and without regard to the adequacy of the security for the Obligations or the
solvency of the Grantor, upon the commencement of judicial proceedings by it to enforce any right under this Security Agreement, to the appointment of a receiver of the Collateral and of the tolls, rents, revenues, issues, income, products and
profits thereof. 
 (d) Concerning Sales. At any sale under this Article IV, any Secured Party may bid for and
purchase the property offered for sale, may make payment on account thereof as herein provided, and, upon compliance with the terms of sale, may hold, retain and dispose of such property without further accountability therefor. Any purchaser shall
be entitled, for the purpose of making payment for the property purchased, to deliver any of the Obligations in lieu of cash in the amount which shall be payable thereon as principal or interest. Said Obligations, in case the amount so payable to
the holders thereof shall be less than the amounts due thereon, shall be returned to the holders thereof after being stamped or endorsed to show partial payment. 

Section 4.2. Waiver of Appraisement, Etc. To the full extent that it may lawfully so agree, the Grantor agrees that it will not at
any time insist upon, plead, claim or take the benefit or advantage of, any appraisement valuation, stay, extension, or redemption law now or hereafter in force, in order to prevent or hinder the enforcement of this Security Agreement or the
absolute sale of the Collateral, or any part thereof, or the possession thereof by any purchaser at any sale under this Article IV; but the Grantor, for itself and all who may claim under it, so far as it or they now or hereafter lawfully may,
hereby waives the benefit of all such laws. The Grantor, for itself and all who may claim under it, waives, to the extent that it lawfully may, all right to have the property in the Collateral marshalled upon any foreclosure hereof, and agrees that
any court having jurisdiction to foreclose on this Security Agreement may order the sale of the Collateral as an entirety. 

  
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 Section 4.3. Application of Proceeds. Subject to the terms of the Credit Agreement
and each applicable Intercreditor Agreement and Other Intercreditor Agreement: 
 (a) Any cash held by or on behalf of the
Collateral Agent and all cash proceeds received by or on behalf of the Collateral Agent in respect of any sale of, collection from, or other realization upon all or any part of the Collateral pursuant to the exercise by the Collateral Agent of its
remedies as a secured party pursuant to Section 4.1 of this Security Agreement shall be promptly transferred by the Collateral Agent to the account of the Collateral Agent specified in Section 2.17(a) of the Credit Agreement for application in
accordance with the priority of payments set forth in Section 2.17(b) of the Credit Agreement. Any surplus of such cash or cash proceeds held by the Collateral Agent and remaining after payment in full of the Obligations shall be paid over to the
Grantor or to whomever may be lawfully entitled to receive such surplus. 
 (b) All payments received by the Grantor under or
in connection with the Collateral to which the Collateral Agent is entitled pursuant to the exercise of its remedies as a secured party under Section 4.1 of this Security Agreement shall be received in trust for the benefit of the Collateral
Agent, shall be segregated from other funds of the Grantor and shall, after notice from the Collateral Agent, be forthwith paid over to the Collateral Agent in the same form as so received (with any necessary endorsement). 

Section 4.4. Remedies Cumulative. Each and every right, power and remedy hereby specifically given to the Collateral Agent or
otherwise in this Security Agreement shall be cumulative and shall be in addition to every other right, power and remedy specifically given under this Security Agreement or the other Loan Documents or now or hereafter existing at law, in equity or
by statute and each and every right, power and remedy whether specifically herein given or otherwise existing may be exercised from time to time or simultaneously and as often and in such order as may be deemed expedient by the Collateral Agent. All
such rights, powers and remedies shall be cumulative and the exercise or the beginning of the exercise of one shall not be deemed a waiver of the right to exercise any other or others. No delay or omission of the Collateral Agent in the exercise of
any such right, power or remedy and no renewal or extension of any of the Obligations shall impair any such right, power or remedy or shall be construed to be a waiver of any Default or Event of Default or an acquiescence therein. In any case, no
notice to or demand on the Grantor shall entitle it to any other or further notice or demand in similar or other circumstances or constitute a waiver of any of the rights of the Collateral Agent to any other or further action in any circumstances.
In the event that the Collateral Agent shall bring any suit to enforce any of its rights hereunder and shall be 

  
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entitled to judgment, then in such suit the Collateral Agent may recover reasonable expenses, including attorneys’ fees and expenses, and the amounts thereof shall be included in such
judgment. 
 Section 4.5. Discontinuance of Proceedings. In the event the Collateral Agent shall have instituted any proceeding
to enforce any right, power or remedy under this Security Agreement by foreclosure, sale, entry or otherwise, and such proceeding shall have been discontinued or abandoned for any reason or shall have been determined adversely to the Collateral
Agent, then and in every such case the Grantor, the Collateral Agent and each holder of any of the Obligations shall be restored to its respective position and rights hereunder with respect to the Collateral subject to the security interest created
under this Security Agreement, and all rights, remedies and powers of the Collateral Agent shall continue as if no such proceeding had been instituted. 

ARTICLE V. 
 NON-LENDER SECURED PARTIES. 
 (a) Rights to Collateral. 

(i) The Non-Lender Secured Parties shall not have any right whatsoever to do any of the
following: (A) exercise any rights or remedies with respect to the Collateral or to direct the Collateral Agent to do the same, including, without limitation, the right to (1) enforce any Liens or sell or otherwise foreclose
on any portion of the Collateral, (2) request any action, institute any proceedings, exercise any voting rights, give any instructions, make any election or make collections with respect to all or any portion of the Collateral or
(3) release any Grantor under this Security Agreement or release any Collateral from the Liens of any Collateral Document or consent to or otherwise approve any such release; (B) demand, accept or obtain any Lien on any
Collateral (except for Liens arising under, and subject to the terms of, this Security Agreement); (C) vote in any Bankruptcy Case or similar proceeding in respect of Parent or any of its Subsidiaries (any such proceeding, for purposes of
this clause (i), a “Bankruptcy”) with respect to, or take any other actions concerning the Collateral; (D) receive any proceeds from any sale, transfer or other disposition of any of the Collateral (except in accordance
with this Security Agreement); (E) oppose any sale, transfer or other disposition of the Collateral; (F) object to any debtor-in-possession financing
in any Bankruptcy which is provided by one or more Lenders among others (including on a priming basis under Section 364(d) of the Bankruptcy Code); (G) object to the use of cash collateral in respect of the Collateral in any Bankruptcy;
or (H) seek, or object to the Lenders, the Administrative Agent or the Collateral Agent seeking on an equal and ratable basis, any adequate protection or relief from the automatic stay with respect to the Collateral in any Bankruptcy.

  
 17 

 (ii) Each Non-Lender Secured Party, by
its acceptance of the benefits of this Security Agreement and the other Collateral Documents, agrees that in exercising rights and remedies with respect to the Collateral, the Collateral Agent and the Lenders, with the consent of the Collateral
Agent, may enforce the provisions of the Collateral Documents and exercise remedies thereunder and under any other Loan Documents (or refrain from enforcing rights and exercising remedies), all in such order and in such manner as they may determine
in the exercise of their sole business judgment and subject to the terms of any Intercreditor Agreement and any Other Intercreditor Agreement. Such exercise and enforcement shall include, without limitation, the rights to collect, sell, dispose of
or otherwise realize upon all or any part of the Collateral, to incur expenses in connection with such collection, sale, disposition or other realization and to exercise all the rights and remedies of a secured lender under the UCC. The Non-Lender Secured Parties by their acceptance of the benefits of this Security Agreement and the other Collateral Documents hereby agree not to contest or otherwise challenge any such collection, sale, disposition
or other realization of or upon all or any of the Collateral. Whether or not a Bankruptcy Case has been commenced, the Non-Lender Secured Parties shall be deemed to have consented to any sale or other
disposition of any property, business or assets of Parent or any of its Subsidiaries and the release of any or all of the Collateral from the Liens of any Collateral Document in connection therewith. 

(iii) Notwithstanding any provision of this Section 12(a), the Non-Lender Secured
Parties shall be entitled, subject to any Intercreditor Agreement and any Other Intercreditor Agreement, to file any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleadings
(A) in order to prevent any Person from seeking to foreclose on the Collateral or supersede the Non-Lender Secured Parties’ claim thereto or (B) in opposition to any motion, claim,
adversary proceeding or other pleading made by any Person objecting to or otherwise seeking the disallowance of the claims of the Non-Lender Secured Parties. Each
Non-Lender Secured Party, by its acceptance of the benefits of this Security Agreement, agrees to be bound by and to comply with any Intercreditor Agreement and any Other Intercreditor Agreement and authorizes
the Collateral Agent to enter into the Intercreditor Agreements and Other Intercreditor Agreements on its behalf. 
 (iv)
Each Non-Lender Secured Party, by its acceptance of the benefits of this Security Agreement, agrees that the Collateral Agent and the Lenders may deal with the Collateral, including any exchange, taking or
release of Collateral, may change or increase the amount of the Obligations, and may release any Grantor from its Obligations hereunder, all without any liability or obligation (except as may be otherwise expressly provided herein) to the Non-Lender Secured Parties. 

  
 18 

 (b) Appointment of Agent. Each
Non-Lender Secured Party, by its acceptance of the benefits of this Security Agreement and the other Collateral Documents, shall be deemed irrevocably to make, constitute and appoint the Collateral Agent, as
agent under the Credit Agreement (and all officers, employees or agents designated by the Collateral Agent) as such Person’s true and lawful agent and
attorney-in-fact, and in such capacity, the Collateral Agent shall have the right, with power of substitution for the Non-Lender
Secured Parties and in each such Person’s name or otherwise, to effectuate any sale, transfer or other disposition of the Collateral. It is understood and agreed that the appointment of the Collateral Agent as the agent and attorney-in-fact of the Non-Lender Secured Parties for the purposes set forth herein is coupled with an interest and is irrevocable. It
is understood and agreed that the Collateral Agent has appointed the Administrative Agent as its agent for purposes of perfecting certain of the security interests created hereunder and for otherwise carrying out certain of its obligations
hereunder. 
 (c) Waiver of Claims. To the maximum extent permitted by law, each
Non-Lender Secured Party waives any claim it might have against the Collateral Agent or the Lenders with respect to, or arising out of, any action or failure to act or any error of judgment, negligence, or
mistake or oversight whatsoever on the part of the Collateral Agent or the Lenders or their respective directors, officers, employees or agents with respect to any exercise of rights or remedies under the Loan Documents or any transaction relating
to the Collateral (including, without limitation, any such exercise described in Section 5(a)(ii)), except for any such action or failure to act that constitutes willful misconduct or gross negligence of such Person. To the maximum extent permitted
by applicable law, none of the Collateral Agent or any Lender or any of their respective directors, officers, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or
shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of Parent, any Subsidiary of Parent, any Non-Lender Secured Party or any other Person or to take any other action
or forbear from doing so whatsoever with regard to the Collateral or any part thereof, except for any such action or failure to act that constitutes willful misconduct or gross negligence of such Person. 

  
 19 

 ARTICLE VI. 

MISCELLANEOUS 
 Section 6.1.
No Legal Title to Collateral in Secured Party. No Secured Party shall have legal title to any part of the Collateral. No transfer, by operation of law or otherwise, of any portion of the Loan or other right, title and interest of a Secured
Party in and to the Collateral or this Security Agreement shall operate to terminate this Security Agreement or entitle any successor or transferee of such Secured Party to an accounting or to the transfer to it of legal title to any part of the
Collateral. 
 Section 6.2. Sale of Collateral by Collateral Agent is Binding. Any sale or other conveyance of any item of
Collateral or any interest therein by the Collateral Agent made pursuant to the terms of this Security Agreement, the Credit Agreement and each applicable Intercreditor Agreement and Other Intercreditor Agreement, shall bind the Secured Parties and
the Grantor, and shall be effective to transfer or convey all right, title and interest of the Collateral Agent, the Grantor, and the Secured Parties in and to any such item of Collateral or any interest therein. No purchaser or other grantee shall
be required to inquire as to the authorization, necessity, expediency or regularity of such sale or conveyance or as to the application of any sale or other Proceeds with respect thereto by the Collateral Agent. 

Section 6.3. Benefit of Security Agreement. Nothing in this Security Agreement, whether express or implied, shall be construed to
give to any Person other than the Grantor, the Collateral Agent and the Secured Parties any legal or equitable right, remedy or claim under or in respect of this Security Agreement. 

Section 6.4. Notices. All notices required or permitted to be given under this Security Agreement shall be in conformance with and
subject to the terms of Section 10.01 of the Credit Agreement. All such notices shall be delivered to the respective addresses for the Grantor and the Collateral Agent set forth in the Credit Agreement. 

Section 6.5. Waiver; Amendment. This Security Agreement may not be amended, modified or waived except with the written consent of
the Grantor and the Collateral Agent (acting pursuant to and in accordance with the terms of the Credit Agreement). Any amendment, modification or supplement of or to any provision of this Security Agreement, any termination or waiver of any
provision of this Security Agreement and any consent to any departure by the Grantor from the terms of any provision of this Security Agreement shall be effective only in the specific instance and for the specific purpose for which made or given.
For the avoidance of doubt, it is understood and agreed that any amendment, amendment and restatement, waiver, supplement or other modification of or to any Intercreditor Agreement or any Other Intercreditor Agreement that would have the effect,
directly or indirectly, through any reference herein to any Intercreditor Agreement or any Other Intercreditor Agreement or otherwise, of waiving, amending, supplementing or otherwise modifying this Security

  
 20 

 
Agreement, or any term or provision hereof, or any right or obligation of any Grantor hereunder or in respect hereof, shall not be given such effect except pursuant to a written instrument
executed by such Grantor and the Collateral Agent in accordance with this Section 6.5. 
 Section 6.6. Obligations
Absolute. The obligations of the Grantor hereunder shall remain in full force and effect without regard to, and shall not be impaired by, (a) any exercise or non-exercise, or any waiver of, any right,
remedy, power or privilege under or in respect of this Security Agreement or any other Loan Document, except as specifically set forth in a waiver granted in accordance with Section 6.5; or (b) any amendment to or modification of any Loan
Document or any security for any of the Obligations, whether or not the Grantor shall have notice or knowledge of any of the foregoing, except as specifically set forth in an amendment or modification executed in accordance with Section 6.5.

 Section 6.7. Successors and Assigns. This Security Agreement shall be binding upon the Grantor and its successors and assigns
and shall inure to the benefit of the Collateral Agent and each Secured Party and their respective successors and assigns; provided that the Grantor may not transfer or assign any or all of its rights or obligations hereunder without the
prior written consent of the Collateral Agent. All agreements, statements, representations and warranties made by the Grantor herein or in any certificate or other instrument delivered by the Grantor or on its behalf under this Security Agreement
shall be considered to have been relied upon by the Secured Parties and shall survive the execution and delivery of this Security Agreement and the other Loan Documents regardless of any investigation made by the Secured Parties or on their behalf.

 Section 6.8. Headings Descriptive. The headings of the several sections of this Security Agreement are inserted for
convenience only and shall not in any way affect the meaning or construction of any provision of this Security Agreement. 

Section 6.9. Severability. Any provision of this Security Agreement which is prohibited or unenforceable in any jurisdiction to
such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. 
 Section 6.10. Governing Law; Submission to Jurisdiction; Service of
Process; Waiver of Jury Trial. THIS SECURITY AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS SECURITY AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. THE
PROVISIONS OF SECTIONS 10.05 AND 10.15 OF THE CREDIT AGREEMENT ARE INCORPORATED HEREIN MUTATIS MUTANDIS, AS IF FULLY SET FORTH HEREIN. 

  
 21 

 Section 6.11. Grantor’s Duties. It is expressly agreed, anything
herein contained to the contrary notwithstanding, that the Grantor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Collateral Agent shall not have any obligations or liabilities
with respect to any Collateral by reason of or arising out of this Security Agreement, nor shall the Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of the Grantor under or with respect to any
Collateral. 
 Section 6.12. Termination; Release. 

(a) At such time as the Obligations (other than any contingent indemnification Obligations for which no demand has been made
and any Obligations owing to a Non-Lender Secured Party) then due and owing shall have been paid in full, the Commitments under the Credit Agreement have been terminated and no Letters of Credit shall be
outstanding (except for Letters of Credit that have been cash collateralized or otherwise provided for in a manner reasonably satisfactory to the Administrative Agent), all Collateral shall be automatically released from the Liens created hereby,
and this Security Agreement and all obligations (other than those expressly stated to survive such termination) of the Collateral Agent and each Grantor shall automatically terminate, all without delivery of any instrument or performance of any act
by any party, and all rights to the Collateral shall revert to the applicable Grantor. At the request and sole expense of any Grantor following any such termination, the Collateral Agent shall promptly execute, acknowledge and deliver to such
Grantor such releases, instruments or other documents (including without limitation UCC termination statements), and do or cause to be done all other acts, as such Grantor shall reasonably request to evidence such termination. 

(b) Upon any Permitted Disposition of Collateral (whether by way of the sale of assets or the sale of Capital Stock of a
Grantor of Collateral) of the type described in items (1), (2) (provided the requirements set forth in the first proviso to such section are satisfied), (4) and (5) of the definition of “Permitted Disposition” or any other type of
Permitted Disposition involving divestiture of any Grantor’s title to the related Collateral under the Credit Agreement, the Lien pursuant to this Security Agreement on such sold or disposed of Collateral shall be automatically released. In
connection with any other Disposition of Collateral not covered by the preceding sentence (whether by way of the sale of assets or the sale of Capital Stock of a Grantor of such Collateral) permitted under the Credit Agreement, the Collateral Agent
shall, upon receipt from such Grantor of a written request for the release of the Collateral subject to such sale or other disposition (or in the case of a sale of Capital Stock of such Grantor, the release of such Grantor’s Collateral), at
such Grantor’s sole cost and expense, promptly execute, acknowledge and deliver to such Grantor such releases, instruments or other documents (including without limitation UCC termination statements), and

  
 22 

 
do or cause to be done all other acts, as such Grantor shall reasonably request to evidence or effect the release of the Liens created hereby (if any) on such Collateral. 

(c) If the Borrower or any other Grantor requests release documentation with respect to any Collateral released as provided in
this Section 6.12, including UCC termination statements or other release-related documentation, the Borrower or other Grantor requesting such documentation shall deliver to the Collateral Agent an Officer’s Certificate
stating that the release of such Grantor’s respective Collateral that is to be evidenced by such UCC termination statements or other instruments is permitted pursuant to this Section 6.12 and the relevant provisions of
the Credit Agreement (provided that an Officer’s Certificate delivered to the Administrative Agent pursuant to Section 6.09(c) of the Credit Agreement shall be deemed to satisfy the requirements of this clause (g)). The Collateral Agent shall
have no liability whatsoever to any Secured Party as the result of any release of Collateral by it as permitted by this Section 6.12. 

(d) Anything to the contrary contained in this Security Agreement or any Security Agreement Supplement notwithstanding, the
Lien of this Security Agreement shall automatically be released without necessity of any further action by any Person with respect to any Pledged Spare Part upon such Pledged Spare Part being incorporated in, installed on, attached or made
appurtenant to, or used in any aircraft, engine or propeller. 
 (e) The Liens on any Account Collateral that is withdrawn
from any Account (in each case, in compliance with the Credit Agreement) prior to receipt of a Notice of Exclusive Control (as defined in the applicable Account Control Agreement) by the Securities Intermediary or after receipt of a Rescission
Notice (as defined in the Account Control Agreement) by the Securities Intermediary shall be automatically released upon such withdrawal. 

Section 6.13. Counterparts. This Security Agreement may be executed in any number of counterparts, each of which counterparts,
when so executed and delivered, shall be deemed to be an original, and all of which counterparts, taken together, shall constitute one and the same Security Agreement. A set of the counterparts executed by all the parties hereto shall be lodged with
the Grantor and the Collateral Agent. Delivery of an executed counterpart of a signature page of this Security Agreement by facsimile or electronic .pdf copy shall be effective as delivery of a manually executed counterpart of this Security
Agreement. 
 Section 6.14. The Collateral Agent. It is expressly understood and agreed by the parties hereto, and each Secured
Party, by accepting the benefits of this Agreement, acknowledges and agrees, that the obligations of the Collateral Agent as holder of the Collateral and interests therein and with respect to the disposition thereof, and otherwise

  
 23 

 
under this Agreement, are only those expressly set forth in this Agreement. The Collateral Agent shall act hereunder on the terms and conditions set forth in the Credit Agreement. 

Section 6.15. Conflicts with Other Loan Documents. Unless otherwise expressly provided in this Security Agreement (including
Section 6.14), if any provision contained in this Security Agreement conflicts with any provision of any other Loan Document, the provision contained in this Security Agreement shall govern and control, except to the extent of a conflict with
the Credit Agreement, in which case the Credit Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor of the Collateral Agent or the Lenders in any other Loan Document shall not be deemed a conflict
with this Security Agreement. 
 [SIGNATURE PAGES TO FOLLOW] 

  
 24 

 IN WITNESS WHEREOF, the parties hereto have caused this Security Agreement to be duly executed by
their respective officers, as the case may be, there unto duly authorized, as of the day and year first above written. 
  

			
	GRANTOR:
	
	[AMERICAN AIRLINES, INC.]
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature page to Spare Parts Security Agreement] 

			
	 ACCEPTED AND AGREED
 as of the date
first above written:

	
	CITIBANK, N.A.,
	as Collateral Agent
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature page to Spare Parts Security Agreement] 

 APPENDIX A 

DEFINITIONS RELATING TO THE SPARE PARTS SECURITY AGREEMENT 

“Account” shall have the meaning given to such term in the fifth recital of this Security Agreement. 

“Account Collateral” shall have the meaning set forth in Section 2.1(c). 

“Additional Agent” shall have the meaning specified in the Intercreditor Agreement. 

“Additional Collateral Documents” shall have the meaning provided in the Intercreditor Agreement. 

“Additional Credit Facility Secured Parties” shall have the meaning provided in the Intercreditor Agreement. 

“Additional Obligations” shall have the meaning provided in the Intercreditor Agreement. 

“Borrower” has the meaning given such term in the preamble to this Security Agreement. 

“Certificated Air Carrier” means a Citizen of the United States holding an air carrier operating certificate issued pursuant to
Chapter 447 of Title 49 and a Certificate of Public Convenience and Necessity or a Commuter Air Carrier Authorization issued pursuant to Title 49 (including, without limitation Chapter 441 thereof) or any analogous successor provisions of the
United States Code, for aircraft capable of carrying ten or more individuals or 6,000 pounds or more of cargo or that otherwise is certified or registered to the extent required to fall within the purview of Section 1110 of the Bankruptcy Code
or any analogous successor provision of the Bankruptcy Code. 
 “Citizen of the United States” has the meaning given to such term in
Section 40102(a)(15) of Title 49, as interpreted by the United States Department of Transportation, or any subsequent legislation that amends, supplements or supersedes such provisions. 

“Collateral” has the meaning given to such term in Section 2.1 of this Security Agreement. 

“Collateral Agent” has the meaning given such term in the preamble to this Security Agreement. 

“Credit Agreement” has the meaning specified in the second recital of this Security Agreement.  

  
 A-1 

 “Discharge of Additional Obligations” shall have the meaning provided in the Intercreditor
Agreement. 
 “Event of Loss” means, with respect to any Pledged Spare Part, any of the following events with respect to such property:
(i) the loss of such property or of the use thereof due to the destruction of or damage to such property which renders repair uneconomic or which renders such property permanently unfit for normal use by the Grantor for any reason whatsoever;
(ii) any damage to such property which results in an insurance settlement with respect to such property on the basis of a total loss or a constructive or compromised total loss; (iii) the theft or disappearance of such property for a
period of 10 consecutive days; or (iv) the confiscation, condemnation or seizure of, or requisition of, title to, or use of, such property by any governmental or purported Governmental Authority, which in the case of any event referred to in
this clause (iv), shall have resulted in the loss of possession of such property by the Grantor for a period in excess of 75 consecutive days or shall have resulted in the loss of title of such property by the Grantor. 

“Excluded Spare Parts” means Pledged Spare Parts (i) that have been transferred to the manufacturer thereof or any service provider for
testing, overhaul, repairs, maintenance, servicing, alterations or modification purposes except to the extent such manufacturer or service provided is holding such Pledged Spare Parts at a Spare Parts Location or (ii) maintained at other
locations pursuant to the first sentence of Section 3.5(b). 
 “Expendable Parts” means those Spare Parts that, once used, cannot be re-used, and if not serviceable, cannot be overhauled or repaired. 
 “Federal Aviation Act” means that
portion of Title 49 of the United States Code comprising those provisions formerly referred to as the Federal Aviation Act of 1958, as amended, or any subsequent legislation that amends, supplements or supersedes such provisions. 

“Federal Aviation Administration” and “FAA” means the Federal Aviation Administration of the United States of America, and
any successor Governmental Authority. 
 “GAAP” means, subject to the limitations on the application thereof set forth in Section 1.3
of the Credit Agreement, generally accepted accounting principles in the United States, as in effect from time to time as set forth in opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public
Accountants and statements and pronouncements of FASB approved by a significant segment of the accounting profession in the United States. 

“Governmental Authority” means any nation or government, any state or other political subdivision thereof and any agency, authority,
instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government. 

  
 A-2 

 “Grantor” has the meaning specified in the preamble to this Security Agreement. 

“Insurance Brokers” has the meaning specified in Section 3.7(b) of this Security Agreement. 

“Intercreditor Agreement” shall have the meaning specified in the Credit Agreement. 

“Internal Revenue Code” means the Internal Revenue Code of 1986, as amended to the date hereof and from time to time hereafter. 

“Key Repairables” means those Spare Parts that can be economically restored or repaired to a serviceable condition, but have a life that is
considerably less than the life of the flight equipment to which they are related. 
 “Lenders” has the meaning specified in the second
recital of this Security Agreement. 
 “Lien” means any lien, mortgage, pledge, assignment for security, security interest, charge,
hypothecation, lease or encumbrance of any kind (including any conditional sale or other title retention agreement, any lease in the nature thereof, any easement, right of way or other encumbrance on title to real property and any agreement to give
any security interest). 
 “Other Intercreditor Agreement” shall have the meaning specified in the Credit Agreement. 

“Non-Lender Secured Parties” shall mean, collectively, all Banking Product Providers and Hedging
Providers and their respective successors, assigns and transferees. For the avoidance of doubt, “Non-Lender Secured Parties” shall exclude Banking Product Providers and Hedging Providers in their
capacities as Lenders, if applicable. 
 “Permitted Liens” means (a) “Permitted Liens” as defined in the Credit Agreement,
(b) the rights of others under agreements or arrangements to the extent expressly permitted by the terms of Sections 3.3 and 3.5 provided such rights are subject and subordinate to the Lien of this Security Agreement and (c) salvage or
similar rights of insurers under policies required to be maintained by the Grantor (or Lessee) under Section 3.7 hereof. 
 “Pledged Expendable
Parts” means the Expendable Parts of the Grantor identified on Schedule III hereto, as such schedule may be amended, modified, supplemented or replaced from time to time in accordance with the terms hereof and the Credit Agreement. 

  
 A-3 

 “Pledged Key Repairables” means the Key Repairables of the Grantor identified on Schedule IV
hereto, as such schedule may be amended, modified, supplemented or replaced from time to time in accordance with the terms hereof and the Credit Agreement. 

“Pledged Rotables” means the Rotables of the Grantor identified on Schedule V hereto, as such schedule may be amended, modified, supplemented
or replaced from time to time in accordance with the terms hereof and the Credit Agreement. 
 “Pledged Spare Parts” means the Pledged
Expendable Parts, Pledged Key Repairables and Pledged Rotables. 
 “Proceeds” shall have the meaning assigned to that term under the UCC as
in effect in any relevant jurisdiction or under other relevant law and, in any event, shall include, but not be limited to, any and all (i) proceeds of any insurance, indemnity, warranty or guarantee payable to the Collateral Agent or to the
Grantor or any Affiliate of the Grantor from time to time with respect to physical damage to any of the Collateral, (ii) payments (in any form whatsoever), made or due and payable to the Grantor from time to time in connection with any
requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral by any Governmental Authority (or any Person acting under color of Governmental Authority) and (iii) instruments representing obligations to pay
amounts in respect of the Collateral. 
 “Records” means all repair, tracking, location, use, maintenance and inventory records, logs,
manuals and all other documents and materials similar thereto (including, without limitation, any such records, logs, manuals, documents and materials that are in electronic format or are computer print-outs) at any time maintained, created or used
by the Grantor, and all records, logs, documents and outer materials required at any time to be maintained by the Grantor under the Grantor’s FAA-approved maintenance program, in each case with respect to
any Pledged Spare Part. 
 “Rotables” means those Spare Parts that can be repeatedly and economically restored to a serviceable condition
over a period approximating the life of the flight equipment to which they are related. 
 “Secured Parties” has the meaning set forth in
the Credit Agreement. 
 “Security Agreement” has the meaning specified in the preamble to this Security Agreement. 

“Security Agreement Supplement” means any Spare Parts Security Agreement Supplement substantially in the form of Exhibit A to this Security
Agreement, and any other supplement to this Security Agreement, from time to time executed and delivered. 

  
 A-4 

 “Senior Priority Obligations” shall have the meaning provided in the Intercreditor Agreement.

 “Senior Priority Representative” shall have the meaning provided in the Intercreditor Agreement. 

“Spare Parts” has the meaning set forth in the Credit Agreement. 

“Spare Parts Locations” means any of the locations designated from time to time by the Grantor at which Spare Parts are maintained by or on
behalf of the Grantor, which initially shall be the locations set forth on Schedule I hereto and shall include the additional locations designated by the Grantor in any Security Agreement Supplement. 

“System Value” means, with respect to any Spare Part as of any date of determination, the average unit price of such Spare Part as set forth
in the Tracking Systems of the Grantor as of such date. 
 “Tracking System” means one or more computer systems of the Grantor for tracking
its Spare Parts, and any and all improvements, upgrades or replacement systems. 
 “UCC” means the Uniform Commercial Code as in effect on
the date hereof in the State of New York. 

  
 A-5 

 SCHEDULE I 

SPARE PARTS LOCATIONS 
 [TO BE
INSERTED] 

  
 S-1 

 SCHEDULE II 

LOCATION OF GRANTOR 
 [AMERICAN AIRLINES, INC.

 (Delaware Corporation) 
 Org ID: 332421]

  
 S-2 

 SCHEDULE III 

PLEDGED EXPENDABLE PARTS 
 [AMERICAN AIRLINES,
INC.] 
 [    ] 

  
 S-3 

 SCHEDULE IV 

PLEDGED KEY REPAIRABLES 
 [AMERICAN AIRLINES,
INC.] 
 [    ] 

  
 S-4 

 SCHEDULE V 

PLEDGED ROTABLES 
 [AMERICAN AIRLINES, INC.]

 [    ] 

  
 S-5 

 EXHIBIT A 

FORM OF SPARE PARTS SECURITY AGREEMENT SUPPLEMENT 

Spare Parts Security Agreement Supplement No.      dated as of
            , 20     (“Security Agreement Supplement”) of
[                    ] (the “Grantor”). 

WITNESSETH: 
 WHEREAS, the
Grantor and Citibank, N.A., as Collateral Agent (the “Collateral Agent”), are parties to that certain Spare Parts Security Agreement dated as of [ ], 20[ ] (as amended, modified or otherwise supplemented from time to time, the
“Security Agreement”) pursuant to which the Grantor has granted to the Collateral Agent a security interest in the Spare Parts (as defined therein); 

WHEREAS, the Security Agreement has been recorded by the Federal Aviation Administration on [    ],
20[    ] and assigned conveyance number                     ; 

WHEREAS, the Security Agreement provides for the execution and delivery from time to time of Security Agreement Supplements substantially in
the form hereof for the purpose of (i) specifically subjecting to the Lien of the Security Agreement certain spare parts or (ii) ; 

WHEREAS,7 the Grantor has, as provided in the Security Agreement, heretofore executed and
delivered to the Collateral Agent [    ] Security Agreement Supplement(s) for the purpose of specifically subjecting to the Lien of the Security Agreement certain spare parts therein described, which Security Agreement
Supplement(s) is/are dated and has/have been duly recorded with the FAA as set forth below, to wit: 
  

					
	 DATE
	 	RECORDATION DATE	 	FAA DOCUMENT NUMBER

 WHEREAS, the Grantor hereby confirms that it is a certificated U.S. air carrier under Sections 41102 and 44705
of Title 49 of the United States Code, and the Spare Parts described in this Security Agreement Supplement are maintained by it or on its behalf at the applicable Spare Parts Locations described herein; and 

WHEREAS, capitalized terms used but not defined herein have the meanings assigned to them in the Security Agreement. 

 

	7 	This recital is not to be included in the first Security Agreement Supplement. 

 NOW, THEREFORE, in order to secure the prompt payment and performance of the Obligations, subject
to the terms and conditions of the Security Agreement, and in consideration of the premises and of the covenants contained in the Security Agreement, and of other good and valuable consideration given to the Grantor at or before the delivery hereof,
the receipt whereof is hereby acknowledged, the Grantor has mortgaged, assigned, pledged, hypothecated and granted, and does hereby mortgage, assign, pledge, hypothecate and grant to the Collateral Agent, for the benefit and security of the Secured
Parties, a continuing first priority security interest in, and mortgage lien on, the property comprising all its right, title and interest in and to the Spare Parts at the Spare Parts Location(s) described on Annex A hereto and the Spare Parts
Locations listed on Annex A hereto shall be deemed to amend and supplement Schedule I to the Security Agreement; to have and to hold all and singular the aforesaid property unto the Collateral Agent, its successors and assigns, for the benefit and
security of the Secured Parties and for the uses and purposes and subject to the terms and provisions set forth in the Security Agreement. 

This Security Agreement Supplement shall be construed as supplemental to the Security Agreement and shall form a part thereof, and the
Security Agreement is hereby incorporated by reference herein and is hereby ratified, approved and confirmed and terms not otherwise defined herein shall have the meaning provided in the Security Agreement. 

THIS SECURITY AGREEMENT SUPPLEMENT IS BEING DELIVERED IN THE STATE OF NEW YORK AND SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH, THE
LAW OF THE STATE OF NEW YORK. 
 [The remainder of this page is intentionally left blank.] 

 IN WITNESS WHEREOF, the Grantor has caused this Security Agreement Supplement to be duly executed
by one of its duly authorized officers, as of the day and year first above written. 
  

			
	[                                    
    ]
		
	By:	 	  

		 	Name:
		 	Title:

 ANNEX A 

TO SECURITY AGREEMENT SUPPLEMENT NO.     

DESCRIPTION OF SPARE PARTS AND SPARE PARTS LOCATIONS 

Description: [described at least generally, by type] 
 Spare
Part Locations: 

 
			
	[    	 	
		
		 	Title:

  
 10 

 EXHIBIT E TO 

CREDIT AND GUARANTY AGREEMENT 

[FORM OF] 
 INSTRUMENT
OF ASSUMPTION AND JOINDER 
 THIS INSTRUMENT OF ASSUMPTION AND JOINDER (this “Agreement”), dated as of [
        ] [    ], 20[     ] is by and among [                    ], a
[                    ] (the “New Subsidiary Loan Party”), AMERICAN AIRLINES, INC., a Delaware corporation (the
“Borrower”), AMERICAN AIRLINES GROUP INC., a Delaware corporation (“Parent”), the Subsidiaries of Parent from time to time party hereto other than the Borrower (the “Guarantors”), CITIBANK, N.A., as
administrative agent for the Lenders (together with its permitted successors in such capacity, the “Administrative Agent”) and as collateral agent for the Secured Parties (together with its permitted successors in such capacity, the
“Collateral Agent”) under that certain Amended and Restated Credit and Guaranty Agreement, dated as of December 15, 2016 (as may be amended, restated, amended and restated, supplemented or otherwise modified from time to time,
the “Credit Agreement”), among the Borrower, Parent, the Guarantors party thereto from time to time, the Administrative Agent, the Collateral Agent, Citibank, N.A., as issuing lender (in such capacity, the “Issuing
Lender”), and the Lenders party thereto from time to time. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

The New Subsidiary Loan Party hereby agrees as follows: 

1. The New Subsidiary Loan Party hereby acknowledges, agrees and confirms that, by its execution of this Agreement, as provided in Sections
5.09(a) or (b) of the Credit Agreement, the New Subsidiary Loan Party will be deemed to be a party to the Credit Agreement and a “Guarantor” for all purposes of the Credit Agreement and the Guaranty, and agrees that it is bound by the
terms, conditions and obligations set forth therein as if it had been an original signatory thereto. 
 2. The New Subsidiary Loan Party
acknowledges and confirms that it has received a copy of the Credit Agreement and the schedule and exhibits thereto. The information on Schedule 3.06 to the Credit Agreement is hereby amended to include the information shown on the attached
Schedule A. 
 3. The New Subsidiary Loan Party hereby agrees that at any time and from time to time, upon the written request of the
Administrative Agent, it will execute and deliver any further documents and perform any further acts as the Administrative Agent may reasonably request in order to effect the purposes of this Agreement. 

4. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND ANY CLAIM OR CONTROVERSY RELATING HERETO SHALL BE GOVERNED BY,
AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS, TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD
REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

  
 E-1 

 5. This Agreement (a) may be executed in two or more counterparts, each of which shall
constitute an original but all of which when taken together shall constitute one contract and (b) may, upon execution, be delivered by facsimile or electronic .pdf copy, which shall be deemed for all purposes to be an original signature. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 E-2 

 IN WITNESS WHEREOF, the undersigned have caused this Agreement to be duly executed by their respective officers.

  

			
	 AMERICAN AIRLINES, INC.

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 AMERICAN AIRLINES GROUP INC.

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 [OTHER GUARANTORS]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 [NEW SUBSIDIARY LOAN PARTY]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 E-3 

			
	 ACKNOWLEDGED AND ACCEPTED:

	
	 CITIBANK, N.A., as Administrative Agent

		
	By:	 	  

		 	Name:
		 	Title:
	
	CITIBANK, N.A., as Collateral Agent
		
	By:	 	  

		 	Name:
		 	 Title:

  
 E-4 

 Schedule A 
  

			
	 Name of Subsidiary
	 	 State or Sovereign Power of Incorporation

	[                                      
  ]	 	[                                      
  ]

  
 C-5 

 EXHIBIT F TO 

CREDIT AND GUARANTY AGREEMENT 

[FORM OF] 
 ASSIGNMENT AND
ACCEPTANCE 
 This Assignment and Acceptance (this “Assignment and Acceptance”) is dated as of the Effective Date set forth
below and is entered into by and between [the][each]1 Assignor identified in item 1 below ([the][each, an] “Assignor”) and
[the][each]2 Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][and][the Assignees]3 hereunder are several and not joint.]4 Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the credit
agreement identified below (the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by [the][each] Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and
incorporated herein by reference and made a part of this Assignment and Acceptance as if set forth herein in full. 
 For an agreed
consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in
accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (the “Effective Date”) (i) all of [the Assignor’s][the respective
Assignors’] rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under the Credit Agreement and the other Loan Documents to the extent related to the amount and percentage interest identified below of all
of such outstanding rights and obligations of [the Assignor][the respective Assignors] under the respective facilities identified below and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action
and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)] against any person, whether known or unknown, arising under or in connection with the Credit Agreement, any
other Loan Documents or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law
or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being
referred to herein collectively as [the][an] “Assigned Interest”). Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Acceptance, without representation
or warranty by [the][any] Assignor. 
  

	1 	For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose
the second bracketed language. 

	2 	For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the
second bracketed language. 

	3 	Select as appropriate. 

	4 	Include bracketed language if there are either multiple Assignors or multiple Assignees. 

  
 F-1 

							
	1.	 	Assignor[s]:	 	  
	  	
		 		 	  
	  	

							
		 	[Assignor [is] [is not] a Defaulting Lender]

							
				
	2.	 	Assignee[s]:	 	  
	  	
		 		 	  
	  	

							
		
	3.	 	Borrower:        AMERICAN AIRLINES, INC., a Delaware corporation (the “Borrower”)
		
	4.	 	Administrative Agent: Citibank, N.A., as administrative agent (together with its permitted successors, in such capacity, the “Administrative Agent”) and as collateral agent (together with its
permitted successors in such capacity, the “Collateral Agent”) under the Credit Agreement
		
	5.	 	Credit Agreement: Amended and Restated Credit and Guaranty Agreement, dated as of December 15, 2016, among the Borrower, American Airlines Group Inc., a Delaware corporation (“Parent”), the
Subsidiaries of Parent from time to time party thereto other than the Borrower (the “Guarantors”), the Administrative Agent, the Collateral Agent, Citibank, N.A., as issuing lender (in such capacity, the “Issuing
Lender”), and the Lenders party thereto from time to time, as amended, restated, supplemented or otherwise modified and in effect from time to time.

  
 F-2 

 6. Assigned Interest[s]: 
  

																							
	 Assignor[s]5
	  	Assignee[s]6	  	Amount of
Assignor’s
[Class B 
Term]
[Revolving]
Loans/
[Commitments]7	 	  	Amount of
[Class B Term]
[Revolving]
Loans/
[Commitments]
Assigned	 	  	Percentage
of Assignor’s
[Class B Term]
[Revolving]
Loans/
[Commitments]
Assigned8	 	 	Resulting [Class B
Term]
[Revolving]
Loans/
[Commitments]
Amount for
Assignor	 	  	Resulting [Class B
Term] [Revolving]
Loans/
[Commitments]
Amount for
Assignee	 
		  		  	$	            	 	  	$	            	 	  	 	    	% 	 	$	            	 	  	$	            	 
		  		  	$	            	 	  	$	            	 	  	 	    	% 	 	$	            	 	  	$	            	 
		  		  	$	            	 	  	$	            	 	  	 	    	% 	 	$	            	 	  	$	            	 

 [7. Trade Date:
                    ]9 

Effective Date:             , 20     [TO BE INSERTED BY
ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
  

	5 	List each Assignor, as appropriate 

	6 	List each Assignee, as appropriate. 

	7 	Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.

	8 	Set forth, to at least 9 decimals, as a percentage of the Loans of all Lenders thereunder. 

	9 	To be completed if the Assignor[s] and the Assignee[s] intend that the minimum assignment amount is to be determined as of the Trade Date. 

  
 F-3 

 The terms set forth in this Assignment and Acceptance are hereby agreed to: 

 

			
	ASSIGNOR
	[NAME OF ASSIGNOR]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ASSIGNEE
	[NAME OF ASSIGNEE]
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 F-4 

			
	[Consented to and]10 Accepted:
	
	CITIBANK, N.A., as
	Administrative Agent
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[Consented to:]11
	
	AMERICAN AIRLINES, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

	10 	To the extent required under Section 10.02(b)(i) of the Credit Agreement. 

	11 	To the extent required under Section 10.02(b)(i) of the Credit Agreement. 

  
 F-5 

 ANNEX 1 TO ASSIGNMENT AND ACCEPTANCE 

Reference is made to the Amended and Restated Credit and Guaranty Agreement, dated as of December 15, 2016 (as may be amended, restated,
amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among American Airlines, Inc., a Delaware corporation (the “Borrower”), American Airlines Group Inc., a Delaware
corporation (“Parent”), the Subsidiaries of Parent from time to time party thereto other than the Borrower (the “Guarantors”), Citibank, N.A., as administrative agent (the “Administrative Agent”),
as collateral agent (the “Collateral Agent”), and as issuing lender (the “Issuing Lender”), and the Lenders party thereto from time to time. 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ACCEPTANCE 
 1.
Representations and Warranties. 
 1.1. Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is
the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby and (iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements,
warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral
thereunder, (iii) the financial condition of the Loan Parties or any other person obligated in respect of any Loan Document or (iv) the performance or observance by the Loan Parties or any other person of any of their respective
obligations under any Loan Document. 
 1.2. Assignee. [The][Each] Assignee (a) represents and warrants that (i) it is not
a Defaulting Lender, Disqualified Institution or natural person, (ii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated
hereby and to become a Lender under the Credit Agreement, (iii) it meets all the requirements to be an Assignee under the Credit Agreement (subject to such consents, if any, as may be required under Section 10.02(b) of the Credit Agreement),
(iv) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement and the other Loan Documents as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a
Lender thereunder, (v) it is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the person exercising discretion in making its decision to acquire [the][such]
Assigned Interest, is experienced in acquiring assets of such type, (vi) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered
pursuant to Section 5.01 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase [the][such] Assigned
Interest, (vii) it has, independently and without reliance upon any Agent or any other Lender and based on such documents and information as it has deemed 

  
 F-6 

 
appropriate, made its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase [the][such] Assigned Interest and (viii) attached hereto is any
documentation required to be delivered by it pursuant to the terms of the Credit Agreement (including, without limitation, any such documentation required to be delivered pursuant to Sections 2.16(f) and (g) thereof), duly completed and
executed by [the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance upon any Agent, [the][any] Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the
time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be
performed by it as a Lender. 
 2. Payments. From and after the Effective Date, the Administrative Agent shall make all payments in
respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued up to but excluding the Effective Date and to [the][the relevant] Assignee
for amounts which have accrued from and after the Effective Date. 
 3. General Provisions. This Assignment and Acceptance shall be
binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Acceptance may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an
executed counterpart of a signature page of this Assignment and Acceptance by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Acceptance. This Assignment and Acceptance shall be construed in
accordance with and governed by the laws of the State of New York, without giving effect to its principles or rules of conflict of laws to the extent such principles or rules are not mandatorily applicable by statute and would require or permit the
application of the laws of another jurisdiction. 
 4. Fees. This Assignment and Acceptance shall be delivered to the Administrative
Agent with a processing and recordation fee of $[3,500.00]12. 
 5. Administrative
Questionnaire. If the Assignee is not a Lender, annexed hereto as Exhibit A is a completed administrative questionnaire, in form and substance satisfactory to the Administrative Agent, which requests such information (including, without
limitation, credit contact information and wiring instructions) from the Assignee as the Administrative Agent may reasonably require. 
  

 

	12 	To be paid by the Assignor or the Assignee. 

  
 F-7 

 Exhibit A 

Administrative Questionnaire 

[provided by Administrative Agent] 

  
 F-8 

 EXHIBIT G TO 

CREDIT AND GUARANTY AGREEMENT 

[FORM OF] 
 LOAN REQUEST

 Reference is made to the Amended and Restated Credit and Guaranty Agreement, dated as of December 15, 2016 (as may be amended,
restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among American Airlines, Inc., a Delaware corporation (the “Borrower”), American Airlines Group Inc., a
Delaware corporation (“Parent”), the Subsidiaries of Parent from time to time party thereto other than the Borrower (the “Guarantors”), Citibank, N.A., as administrative agent (the “Administrative
Agent”), as collateral agent (the “Collateral Agent”), and as issuing lender (the “Issuing Lender”), and the Lenders party thereto from time to time. Capitalized terms used herein and not otherwise defined
herein have the meanings assigned to such terms in the Credit Agreement. 
 Pursuant to Section 2.03 of the Credit Agreement, the
Borrower desires that the Lenders make the following Loans to the Borrower in accordance with the applicable terms and conditions of the Credit Agreement on             ,
20     (which shall be a Business Day) (the “Borrowing Date”): 
  

			
	 1.      Revolving Loans

		
	 ☐       ABR Loans:
	  	$[    ,    ,    ]1
		
	 ☐       Eurodollar Loans, with an initial Interest
Period of          month(s):
	  	$[    ,    ,    ]2
		
	 2.      Class B Term Loans
	  	
		
	 ☐       ABR Loans:
	  	$[    ,    ,    ]
		
	 ☐       Eurodollar Loans, with an initial Interest
Period of          month(s):
	  	$[    ,    ,    ]

  

	1 	In an aggregate amount that is an integral multiple of $100,000 and not less than $1,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire Unused Total Revolving
Commitment or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.02(e) of the Credit Agreement. 

	2 	In an aggregate amount that is in an integral multiple of $1,000,000 and not less than $1,000,000. 

  
 G-1 

 The Borrower hereby certifies that: 

(i) [As of the Borrowing Date (both before and after giving effect to the Loan hereunder and the application of proceeds therefrom), the
aggregate amount of the Unused Total Revolving Commitment shall not be less than zero.]3 

(ii) As of the Borrowing Date (both before and after giving effect to the Loan hereunder and the application of proceeds therefrom), all
representations and warranties contained in the Credit Agreement and the other Loan Documents (other than the representations and warranties set forth in Sections 3.05(b), 3.06, 3.09(a) and 3.19) shall be true and correct in all material respects on
and as of such Borrowing Date with the same effect as if made on and as of such Borrowing Date, except to the extent such representations and warranties expressly relate to an earlier date and in such case as of such date; provided that any
representation or warranty that is qualified by materiality (it being understood that any representation or warranty that excludes circumstances that would not result in a “Material Adverse Change” or “Material Adverse Effect”
shall not be considered (for purposes of this proviso) to be qualified by materiality) shall be true and correct in all respects, as though made on and as of the applicable date, before and after giving effect to such Loan hereunder. 

(iii) On the Borrowing Date, no [Default or Event of Default]4 [(A) Default with respect
to Section 7.01(b), (e), (f) or (g) or (B) Event of Default]5 shall have occurred and be continuing nor shall any [such]6 Default or any
Event of Default, as the case may be, occur by reason of the making of the requested Borrowing and the application of proceeds thereof. 

(iv) As of the Borrowing Date, the opinion of the independent public accountants (after giving effect to any reissuance or revision of such
opinion) on the most recent audited consolidated financial statements delivered by Parent pursuant to Section 5.01(a) does not include a “going concern” qualification under GAAP as in effect on the date of the Credit Agreement or, if there
is a change in the relevant provisions of GAAP thereafter, any like qualification or exception under GAAP after giving effect to such change. 

 

	3 	To be inserted in Loan Requests for Revolving Loans only. 

	4 	To be inserted in Loan Requests for Loans to be made on the Closing Date. 

	5 	To be inserted in Loan Requests for Loans to be made after the Closing Date. 

	6 	To be inserted in Loan Requests for Loans to be made after the Closing Date. 

  
 G-2 

 (iv) On the Borrowing Date (and after giving pro forma effect to such Loan hereunder and the
application of proceeds therefrom), the Collateral Coverage Ratio shall not be less than 1.6 to 1.0. 
  

							
	Date:             , 20    	 		 	AMERICAN AIRLINES, INC.
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	

  
 G-3 

 EXHIBIT H TO 

CREDIT AND GUARANTY AGREEMENT 

[FORM OF] 
 LETTER OF
CREDIT REQUEST 
 Reference is made to Amended and Restated Credit and Guaranty Agreement, dated as of December 15, 2016 (as may be
amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among American Airlines, Inc., a Delaware corporation (the “Borrower”), American Airlines Group
Inc., a Delaware corporation (“Parent”), the Subsidiaries of Parent from time to time party thereto other than the Borrower (the “Guarantors”), Citibank, N.A., as administrative agent (the “Administrative
Agent”), as collateral agent (the “Collateral Agent”) and as issuing lender (the “Issuing Lender”), and the Lenders party thereto from time to time. Capitalized terms used herein and not otherwise defined
herein have the meanings assigned to such terms in the Credit Agreement. 
 Pursuant to Section 2.02 of the Credit Agreement, the
Company desires a Letter of Credit to be [issued] [amended] [renewed] [extended] in accordance with the terms and conditions of the Credit Agreement on             ,
20     (which shall be a Business Day) (the “Borrowing Date”) in an aggregate face amount of
$[        ,        ,        ]. 

Attached hereto for each such Letter of Credit are the following: 

1. the stated amount of such Letter of Credit; 

2. the name and address of the beneficiary; [and] 

3. the expiration date [; and] 

4. [Insert such other information as may be relevant to prepare, amend, renew or extend the Letter of Credit]. 

The Borrower hereby certifies that: 

(i) As of the Borrowing Date (both before and after giving effect to the issuance of such Letter of Credit hereunder), (x) the LC Exposure
shall not exceed the LC Commitment and (y) the aggregate amount of the Unused Total Revolving Commitment shall not be less than zero. 

(ii) As of the Borrowing Date (both before and after giving effect to the issuance of such Letter of Credit hereunder), all representations
and warranties contained in the Credit Agreement and the other Loan Documents (other than the representations and warranties set forth in Sections 3.05(b), 3.06, 3.09(a) and 3.19) shall be true and correct in all material respects on and as of such
Borrowing Date with the same effect as if made on and as of such Borrowing Date, except to the extent such representations and warranties expressly relate to an earlier date and in such case as of such date; provided that any representation
or warranty that is qualified by materiality (it being understood that any representation or warranty that excludes circumstances that would not result in a “Material Adverse Change” or “Material Adverse Effect” shall not be
considered (for purposes of this proviso) to be qualified by materiality) shall be true and correct in all respects, as though made on and as of the applicable date, before and after giving effect to the issuance of such Letter of Credit hereunder.

  
 H-1 

 (iii) On the Borrowing Date, no [Default or Event of Default]1 [(A) Default with respect to Section 7.01(b), (e), (f) or (g) or (B) Event of Default]2 shall have occurred and be continuing nor shall any
[such]3 Default or any Event of Default, as the case may be, occur by reason of the issuance of such Letter of Credit hereunder. 

(iv) On the Borrowing Date (and after giving pro forma effect to the issuance of such Letter of Credit hereunder), the Collateral Coverage
Ratio shall not be less than 1.6 to 1.0. 
 (v) As of the Borrowing Date, the opinion of the independent public accountants (after giving
effect to any reissuance or revision of such opinion) on the most recent audited consolidated financial statements delivered by Parent pursuant to Section 5.01(a) does not include a “going concern” qualification under GAAP as in effect on
the date of the Credit Agreement or, if there is a change in the relevant provisions of GAAP thereafter, any like qualification or exception under GAAP after giving effect to such change. 

 

							
	Date:            , 20    	 		 	AMERICAN AIRLINES, INC.
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	

  

	1 	To be inserted in Letter of Credit Requests for Letters of Credit to be issued on the Closing Date. 

	2 	To be inserted in Letter of Credit Requests for Letters of Credit to be issued after the Closing Date. 

	3 	To be inserted in Letter of Credit Requests for Letters of Credit to be issued after the Closing Date. 

  
 H-2 

 EXHIBIT I TO 

CREDIT AND GUARANTY AGREEMENT 

COLLATERAL ACCOUNT CONTROL AGREEMENT 

COLLATERAL ACCOUNT CONTROL AGREEMENT, dated as of             ,
20     (as amended, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”) among American Airlines, Inc. (the “Pledgor”), Citibank, N.A., as collateral
agent (in such capacity, and together with its successors and permitted assigns (including, without limitation, any Senior Priority Representative (as defined in the Intercreditor Agreement)), the “Secured Party”) on behalf of the
Secured Parties (as defined in the Credit Agreement defined below) and [ ● ] (the “Securities Intermediary”). Except as otherwise defined herein, terms used herein and defined in the Credit Agreement shall be used
herein as therein defined. 
 W I T N E S S E T H: 

WHEREAS, (i) the Pledgor has agreed to pledge to the Secured Party the Account Collateral (as defined below) in order to secure the
repayment of the Obligations under the Amended and Restated Credit and Guaranty Agreement dated as of December 15, 2016, (the “Credit Agreement”), by and among Citibank, N.A., in its capacity as administrative agent (in such
capacity, and together with its successors and permitted assigns, the “Administrative Agent”) and Secured Party, the Pledgor, American Airlines Group Inc. (the “Parent”), the Subsidiaries of the Parent from time to
time party thereto as Guarantors and the lenders from time to time party thereto; 
 WHEREAS, the Secured Party and the Pledgor have
requested the Securities Intermediary to hold the Account Collateral and to perform certain other functions as more fully described herein; 

WHEREAS, the Securities Intermediary has agreed to act on behalf of the Secured Party, the Pledgor and one or more Additional Secured Parties
(as defined below), if any, in respect of the Account Collateral (as defined below) delivered to the Securities Intermediary by the Pledgor for the benefit of the Secured Party and any Additional Secured Party, subject to the terms hereof; and 

WHEREAS, the Secured Party and one or more additional agents may in the future enter into one or more Intercreditor Agreements and/or Other
Intercreditor Agreements; 
 NOW THEREFORE, in consideration of the mutual promises set forth hereafter, the parties hereto agree as
follows: 
 ARTICLE I 

DEFINITIONS 
 Whenever used
in this Agreement, the following words shall have the meanings set forth below: 
 1. “Account” shall mean the custodial
account established and maintained pursuant to this Agreement in which Account Collateral shall be deposited by the Pledgor and pledged to the Secured Party. 

  
 I-1 

 2. “Account Collateral” shall mean each Account and all cash, checks,
money orders and other items of value of the Pledgor now or hereafter paid, deposited, credited or held (whether for collection, provisionally or otherwise) in each Account. 

3. “Additional Agent” shall mean any one or more administrative agents, collateral agents, security agents, trustees or other
representatives for or of any one or more Additional Credit Facility Secured Parties (as defined in the Intercreditor Agreement), and shall include any successor thereto, as well as any Person designated as an “Agent” under any Additional
Credit Facility (as defined in the Intercreditor Agreement). 
 4. “Additional Secured Party” shall mean either of
(i) the Junior Priority Representative (as defined in the Intercreditor Agreement) or (ii) any trustee appointed pursuant to Section 8.01(d) of the Credit Agreement with respect to the Aircraft Security Agreement or Spare Engine Security
Agreement or a supplement to either, in each case, upon entry by such party of an Additional Secured Party Joinder. 
 5.
“Additional Secured Party Joinder” shall mean the joinder in the form of Exhibit B hereto as may be executed by the parties hereto and any Additional Secured Party. 

6. “Administrative Agent” shall have the meaning assigned to such term in the first recital. 

7. “Agreement” shall have the meaning assigned to such term in the preamble. 

8. “Aircraft Security Agreement” shall have the meaning assigned to such term in the Credit Agreement. 

9. “Authorized Person” shall be any person duly authorized by the Secured Party or the Pledgor, respectively, to give Written
Instructions on behalf of the Secured Party or the Pledgor, respectively, such persons to be designated in a Certificate of Authorized Persons which contains a specimen signature of such person. 

10. “Certificate of Authorized Persons” shall mean a certificate in the form of Exhibit A attached hereto. 

11. “Credit Agreement” shall have the meaning assigned to such term in the first recital. 

12. “Depository” shall mean the Treasury/Reserve Automated Debt Entry System maintained at The Federal Reserve Bank of New
York for receiving and delivering securities, The Depository Trust Company and any other clearing corporation within the meaning of Section 8-102 of the UCC or otherwise authorized to act as a securities
depository or clearing agency, and their respective successors and nominees. 

  
 I-2 

 13. “General Security Agreement” shall mean that certain General Security
Agreement, dated as of the date of the Credit Agreement, as the same may be amended or otherwise modified from time to time, between the Pledgor and the Secured Party. 

14. “Intercreditor Agreement” shall have the meaning assigned to such term in the Credit Agreement. 

15. “Losses” shall have the meaning assigned to such term in Section 1 in Article IV. 

16. “Notice of Exclusive Control” shall mean a written notice given by the Secured Party to the Securities Intermediary that
the Secured Party is exercising sole and exclusive control of the Account Collateral, in the form of Annex A attached hereto. 
 17.
“Other Intercreditor Agreement” means an intercreditor agreement in form and substance reasonably satisfactory to the Pledgor and the Administrative Agent. 

18. “Parent” shall have the meaning assigned to such term in the first recital. 

19. “Permitted Liens” shall have the meaning assigned to such term in the Credit Agreement. 

20. “Pledgor” shall have the meaning assigned to such term in the preamble. 

21. “Rescission Notice” shall mean a written notice given by the Secured Party to the Securities Intermediary that the
Secured Party is no longer exercising sole and exclusive control of the Account Collateral. 
 22. “Secured Debt Documents”
shall mean the Credit Agreement, the General Security Agreement, any Aircraft Security Agreement, any security agreement (Slots, Gate Leaseholds and Route Authorities), any Intercreditor Agreement and any Other Intercreditor Agreement, as
applicable. 
 23. “Secured Party” shall have the meaning assigned to such term in the preamble. 

24. “Secured Party Representative” shall mean the Secured Party until such time as the Secured Party Representative notifies
the Securities Intermediary that the Secured Party Representative shall mean any Additional Secured Party as identified in writing by the Secured Party Representative. 

25. “Securities Intermediary” shall have the meaning assigned to such term in the preamble. 

26. “Substitute Account Collateral’ shall have the meaning assigned to such term in Section 2 in Article III.

 27. “UCC” shall mean the Uniform Commercial Code as in effect in the State of New York. 

  
 I-3 

 28. “Written Instructions” shall mean written communications received by the
Securities Intermediary via letter (which shall include electronic transmission in “pdf” or similar format), facsimile transmission or other method or system specified by the Securities Intermediary as available for use in connection with
this Agreement. 
 The terms “entitlement holder”, “entitlement order”, “financial
asset”, “investment property”, “proceeds”, “security”, “security entitlement” and “securities intermediary” shall have the meanings set forth in
Articles 8 and 9 of the UCC. The Deposit Account is a “deposit account” as defined in Article 9 of the UCC and the Securities Account is a “securities account” as defined in Article 8 of the UCC. Each party hereto
acknowledges that this Agreement is an “authenticated record” (as such term is defined in the UCC) and that the arrangements established hereunder are intended to constitute “control” (as such term is defined in the UCC) of each
Account. 
 ARTICLE II 

APPOINTMENT AND STATUS OF SECURITIES INTERMEDIARY; ACCOUNT 

1. Appointment; Identification of Account Collateral. The Secured Party Representative and the Pledgor each hereby appoints the
Securities Intermediary to perform its duties as hereinafter set forth and authorizes the Securities Intermediary to hold the Account Collateral in the Account in registered form in its name or the name of its nominees. The Securities Intermediary
hereby accepts such appointment and agrees to establish and maintain the Account and appropriate records identifying the Account Collateral in the Account as pledged by the Pledgor to the Secured Party and any Additional Secured Party. The Pledgor
hereby authorizes the Securities Intermediary to comply with all Written Instructions, including entitlement orders, originated by the Secured Party Representative with respect to the Account Collateral without further consent or direction from the
Pledgor or any other party. 
 2. Status of Securities Intermediary. The parties hereby expressly agree and intend that all property
at any time held in the Account is to be treated as a “financial asset.” The Securities Intermediary represents and warrants that the Securities Intermediary is a “securities intermediary” with respect to the Account and the
“financial assets” credited to the Account. 
 3. Use of Depositories. The Secured Party Representative and the Pledgor
hereby authorize the Securities Intermediary to utilize Depositories to the extent possible in connection with its performance hereunder. Account Collateral held by the Securities Intermediary in a Depository will be held subject to the rules, terms
and conditions of such Depository. Where Account Collateral is held in a Depository, the Securities Intermediary shall identify on its records as belonging to the Pledgor and pledged to the Secured Party or any Additional Secured Party a quantity of
securities as part of a fungible bulk of securities held in the Securities Intermediary’s account at such Depository. Securities deposited in a Depository will be represented in accounts which include only assets held by the Securities
Intermediary for its customers. 
 4. Security Interest. The Securities Intermediary acknowledges that this Agreement constitutes
notice of the Secured Party’s security interest in such Account Collateral on behalf of the Secured Parties (as defined in the Credit Agreement) and does hereby consent thereto. The 

  
 I-4 

 
Securities Intermediary further acknowledges that the execution of an Additional Secured Party Joinder shall constitute notice of such Additional Secured Party’s interest in the Account
Collateral, and upon execution of such Additional Secured Party Joinder the Securities Intermediary hereby consents thereto. 
 5.
Representations and Warranties. The parties hereto acknowledge and agree that: (i) the Account will be treated as a “securities account”, and (ii) the Account Collateral will be treated as “financial assets.” The
Securities Intermediary represents and warrants that the “securities intermediary’s jurisdiction” is the State of New York. All terms quoted in this paragraph 5 of Article II shall have the meanings assigned to them by
Article 8 of the UCC. 
 ARTICLE III 

COLLATERAL SERVICES 
 1.
Notice of Exclusive Control. Until the Securities Intermediary receives a Notice of Exclusive Control from the Secured Party Representative and after the Securities Intermediary receives a Rescission Notice from the Secured Party
Representative, the Securities Intermediary is authorized to act upon any Written Instructions, including entitlement orders, from the Pledgor. The Secured Party Representative may, subject to terms of the Secured Debt Documents, exercise sole and
exclusive control of the Account and the Account Collateral held therein at any time by delivering to the Securities Intermediary a Notice of Exclusive Control. Upon receipt of a Notice of Exclusive Control, the Securities Intermediary shall,
without inquiry and in reliance upon such Notice of Exclusive Control, within one (1) Business Day after the receipt of a Notice of Exclusive Control, or, if such Notice of Exclusive Control is received after 12:00 noon New York City time
on any Business Day, within two (2) Business Days after receipt of such Notice of Exclusive Control, thereafter comply with Written Instructions (including entitlement orders) solely from, and originated by, the Secured Party Representative
with respect to the Account without further consent by the Pledgor. The Secured Party Representative may, subject to the terms of this Agreement and the Secured Debt Documents, as applicable, deliver a Rescission Notice to the Securities
Intermediary. Upon receipt of a Rescission Notice from the Secured Party Representative, the Securities Intermediary shall, without inquiry and in reliance upon such Notice, thereafter comply with Written Instructions (including entitlement orders)
from the Pledgor. 
 2. Account Collateral Removal; Substitutions. Until the Securities Intermediary receives a Notice of Exclusive
Control as provided herein from the Secured Party Representative and after the Securities Intermediary receives a Rescission Notice from the Secured Party Representative, the Securities Intermediary is authorized to act upon any Written Instructions
from the Pledgor to transfer Account Collateral from the Account or substitute other Account Collateral for any Account Collateral then held in the Account (“Substitute Account Collateral”). It shall be the
Pledgor’s sole responsibility to ensure that at all times the market value of the Account Collateral in the Account (including Substitute Account Collateral) shall not be less than the amount the Pledgor is required to maintain pursuant to the
Secured Debt Documents and related documents. 
 3. Payment of Proceeds. Until the Securities Intermediary receives a Notice of
Exclusive Control and after the Securities Intermediary receives a Rescission Notice from the 

  
 I-5 

 
Secured Party Representative, the Securities Intermediary shall transfer to the Pledgor (whether by credit to the Pledgor’s account at the Securities Intermediary or otherwise) all proceeds
received by it with respect to the Account Collateral. The Securities Intermediary shall credit to the Account all proceeds received by it with respect to the Account Collateral, except as otherwise provided herein. 

4. Advances by Securities Intermediary. Until the Securities Intermediary receives a Notice of Exclusive Control as provided herein and
after the Securities Intermediary receives a Rescission Notice from the Secured Party Representative, the Securities Intermediary is authorized to act upon the Pledgor’s Written Instructions to the Securities Intermediary to settle transactions
involving the Account. For the avoidance of doubt, the Securities Intermediary shall be under no obligation to make any advance of funds under any provision of this Agreement. 

5. Statements. The Securities Intermediary shall furnish the Pledgor, the Secured Party and any Additional Secured Party with monthly
Account statements. 
 6. Notice of Adverse Claims. Upon receipt of written notice of any lien, encumbrance or adverse claim against
the Account or any portion of the Account Collateral carried therein, the Securities Intermediary shall use reasonable efforts to notify the Secured Party, the Pledgor and any Additional Secured Party as promptly as practicable under the
circumstances. 
 ARTICLE IV 

GENERAL TERMS AND CONDITIONS 

1. Standard of Care; Indemnification. (a) Except as otherwise expressly provided herein, the Securities Intermediary shall not be
liable for any costs, expenses, damages, liabilities or claims, including attorneys’ fees (“Losses”) incurred by or asserted against the Pledgor, the Secured Party or any Additional Secured Party, except those Losses arising
out of the gross negligence or willful misconduct of the Securities Intermediary. The Securities Intermediary shall have no liability whatsoever for the action or inaction of any Depository. In no event shall the Securities Intermediary be
responsible or liable for special, indirect, punitive or consequential damages or lost profits or loss of business, arising in connection with this Agreement, even if the Securities Intermediary has been advised of the possibility of such damages
and regardless of the form of action. 
 (b) The Secured Party, the Pledgor and any Additional Secured Party agree, jointly and severally,
to indemnify the Securities Intermediary and hold the Securities Intermediary harmless from and against any and all Losses sustained or incurred by or asserted against the Securities Intermediary by reason of or as a result of the appointment of the
Securities Intermediary hereunder or any action or inaction, or arising out of the Securities Intermediary’s performance hereunder, including reasonable fees and expenses of counsel incurred by the Securities Intermediary in a successful
defense of claims by the Pledgor, the Secured Party or any Additional Secured Party; provided, that the Pledgor, the Secured Party and any Additional Secured Party shall not indemnify the Securities Intermediary for those Losses arising out
of the Securities Intermediary’s gross negligence or willful misconduct; provided further, that any indemnity payable by the Secured Party or any Additional Secured Party hereunder shall be

  
 I-6 

 
payable solely from the amounts held by the Secured Party or any Additional Secured Party and in no case shall Citibank, N.A., in its individual capacity, or any other collateral agent or
trustee, in each of its individual capacity, be required to satisfy any indemnity obligation hereunder in its individual capacity or from its own assets. This indemnity shall be a continuing obligation of the Pledgor, the Secured Party and any
Additional Secured Party, their respective successors and assigns, notwithstanding the termination of this Agreement. 
 (c) The Securities
Intermediary shall have only those duties as are specifically provided herein, which shall be deemed purely ministerial in nature, and shall under no circumstance be deemed a fiduciary for any of the parties to this Agreement. The Securities
Intermediary shall neither be responsible for, nor chargeable with, knowledge of the terms and conditions of any other agreement, instrument or document between the other parties hereto, in connection herewith. No additional obligations of the
Securities Intermediary shall be inferred from the terms of this Agreement or any other agreement. 
 (d) The Securities Intermediary shall
have the right to perform any of its duties hereunder through agents, attorneys, custodians or nominees, and shall not be responsible for the misconduct or negligence of such agents, attorneys, custodians and nominees appointed by it with due care.

 (e) Any banking association or corporation into which the Securities Intermediary may be merged, converted or with which the Securities
Intermediary may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Securities Intermediary shall be a party, or any banking association or corporation to which all or substantially all of the
corporate trust business of the Securities Intermediary shall be transferred, shall succeed to all the Securities Intermediary’s rights, obligations and immunities hereunder without the execution or filing of any paper or any further act on the
part of any of the parties hereto, anything herein to the contrary notwithstanding. 
 2. No Obligation Regarding Quality of Account
Collateral. Without limiting the generality of the foregoing, the Securities Intermediary shall be under no obligation to inquire into, and shall not be liable for, any Losses incurred by the Pledgor, the Secured Party, any Additional Secured
Party or any other person as a result of the receipt or acceptance of fraudulent, forged or invalid Account Collateral, or Account Collateral which otherwise is not freely transferable or deliverable without encumbrance in any relevant market. 

3. No Responsibility Concerning Secured Debt Documents. The Pledgor, the Secured Party and any Additional Secured Party hereby agree
that, notwithstanding references to the Secured Debt Documents in this Agreement, the Securities Intermediary, in its capacity as such, has no interest in, and no duty, responsibility or obligation with respect to, the Secured Debt Documents
(including without limitation, no duty, responsibility or obligation to monitor the Pledgor’s, the Secured Party’s or any Additional Secured Party’s compliance with the Secured Debt Documents or to know the terms of the Secured Debt
Documents). 
 4. No Duty of Oversight. The Securities Intermediary is not at any time under any duty to monitor the value of any
Account Collateral in the Account or whether the Account Collateral is of a type required to be held in the Account, or to supervise the investment of, or to advise or make any recommendation for the purchase, sale, retention or disposition of any
Account Collateral. 

  
 I-7 

 5. Advice of Counsel. The Securities Intermediary may obtain the advice of counsel and
shall be fully protected with respect to anything done or omitted by it in good faith in conformity with such advice. 
 6. No Collection
Obligations. The Securities Intermediary shall be under no obligation to take action to collect any amount payable on Account Collateral in default, or if payment is refused after due demand and presentment. 

7. Fees and Expenses. The Pledgor agrees to pay to the Securities Intermediary the reasonable and customary fees as may be agreed upon
from time to time. The Pledgor shall reimburse the Securities Intermediary for all reasonable and customary costs associated with transfers of Account Collateral to the Securities Intermediary and records kept in connection with this Agreement. The
Pledgor shall also reimburse the Securities Intermediary for out-of-pocket reasonable and customary expenses, including reasonable fees and expenses of counsel, which
are a normal incident of the services provided hereunder. 
 8. Effectiveness of Instructions; Reliance; Risk Acknowledgements;
Additional Terms. (a) The Securities Intermediary shall be entitled to rely upon any Written Instructions actually received by the Securities Intermediary from the Pledgor or the Secured Party Representative and reasonably believed by the
Securities Intermediary to be duly authorized and delivered. 
 (b) If the Securities Intermediary receives Written Instructions which
appear on their face to have been transmitted via (i) computer facsimile, email, the Internet or other insecure electronic method, or (ii) secure electronic transmission containing applicable authorization codes, passwords and/or
authentication keys, the Secured Party Representative and the Pledgor each understands and agrees that the Securities Intermediary cannot determine the identity of the actual sender of such Written Instructions and that the Securities Intermediary
shall conclusively presume that such Written Instructions have been sent by an Authorized Person. The Secured Party Representative and the Pledgor shall be responsible for ensuring that only its Authorized Persons transmit such Written Instructions
to the Securities Intermediary and that all of its Authorized Persons treat applicable user and authorization codes, passwords and/or authentication keys with extreme care. 

(c) The Secured Party Representative and the Pledgor each acknowledges and agrees that it is fully informed of the protections and risks
associated with the various methods of transmitting Written Instructions to the Securities Intermediary and that there may be more secure methods of transmitting Written Instructions than the method(s) selected by it. The Secured Party
Representative and the Pledgor each agrees that the security procedures (if any) to be followed in connection with its transmission of Written Instructions provide to it a commercially reasonable degree of protection in light of its particular needs
and circumstances. 
 (d) If the Secured Party Representative or the Pledgor elects (with the Securities Intermediary’s prior consent)
to transmit Written Instructions through an on-line 

  
 I-8 

 
communications service owned or operated by a third party, it agrees that the Securities Intermediary shall not be responsible or liable for the reliability or availability of any such service.

 9. Inspection. Upon reasonable request and provided the Securities Intermediary shall suffer no significant disruption of its
normal activities, the Secured Party, the Pledgor or any Additional Secured Party shall have access to the Securities Intermediary’s books and records relating to the Account during the Securities Intermediary’s normal business hours. Upon
reasonable request, copies of any such books and records shall be provided to the Secured Party, the Pledgor or any Additional Secured Party at its expense. 

10. Account Disclosure. The Securities Intermediary is authorized to supply any information regarding the Account which is required by
any law or governmental regulation now or hereafter in effect. 
 11. Force Majeure. The Securities Intermediary shall not be
responsible or liable for any failure or delay in the performance of its obligations under this Agreement arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including without limitation, acts of God;
earthquakes; fires; floods; wars; civil or military disturbances; sabotage; epidemics; riots; interruptions, loss or malfunctions of utilities, computer (hardware or software) or communications service; accidents; labor disputes; acts of civil or
military authority; governmental actions; inability to obtain labor, material, equipment or transportation. 
 12. No Implied Duties.
The Securities Intermediary shall have no duties or responsibilities whatsoever except such duties and responsibilities as are specifically set forth in this Agreement, and no covenant or obligation shall be implied against the Securities
Intermediary in connection with this Agreement. 
 ARTICLE V 

MISCELLANEOUS 
 1.
Termination. This Agreement shall terminate (a) upon the Securities Intermediary’s receipt of Written Instructions from the Secured Party Representative expressly stating that the Secured Party Representative no longer claims any
security interest in the Account Collateral and the Securities Intermediary’s subsequent transfer of the Account Collateral from the Account pursuant to the Pledgor’s Written Instructions, (b) upon transfer of the Account
Collateral to the Secured Party Representative subsequent to the Securities Intermediary’s receipt of a Notice of Exclusive Control that has not been rescinded at the time of such transfer, or (c) upon delivery by the Securities
Intermediary or, with the consent of the Pledgor, the Secured Party Representative of not less than five (5) business days’ prior written notice of termination to the other parties. Except as otherwise provided herein, all obligations of
the parties to each other hereunder shall cease upon termination of this Agreement. 
 2. Certificates of Authorized Persons. The
Secured Party Representative and the Pledgor agree to furnish to the Securities Intermediary a new Certificate of Authorized Persons in the event of any change in the then present Authorized Persons. Until such new Certificate of Authorized Persons
is received, the Securities Intermediary shall be fully protected in acting upon the Written Instructions of such present Authorized Persons. 

  
 I-9 

 3. Notices. (a) Any notice or other instrument in writing, authorized or required by
this Agreement to be given to the Securities Intermediary, shall be sufficiently given if addressed to the Securities Intermediary and received by it at its offices at the following address or at such other place as the Securities Intermediary may
from time to time designate in writing: 
 [ ● ]Telephone: [ ● ] 

Facsimile: [ ● ] 

Attn: [ ● ] 
 (b)
Any notice or other instrument in writing, authorized or required by this Agreement to be given to the Secured Party shall be sufficiently given if addressed to the Secured Party and received by it at its offices at the following address or at such
other place as the Secured Party may from time to time designate in writing: 
 [ ● ]Attention: [ ● ] 

Facsimile: [ ● ] 

Email: [ ● ] 

(c) Any notice or other instrument in writing, authorized or required by this Agreement to be given to the Pledgor shall be sufficiently given
if addressed to the Pledgor and received by it at its offices at the following address, or at such other place as the Pledgor may from time to time designate in writing: 

American Airlines, Inc. 
 4333
Amon Carter Boulevard 
 Mail Drop 5662 

Fort Worth, Texas 76155 

Reference: [American Airlines Spare Parts Credit Agreement] 

Attention: Treasurer 
 Telephone:
(817) 963-1234 
 Facsimile: (817) 967-4318 

4. Cumulative Rights; No Waiver. Each and every right granted to the Securities Intermediary hereunder or under any other document
delivered hereunder or in connection herewith, or allowed it by law or equity, shall be cumulative and may be exercised from time to time. No failure on the part of the Securities Intermediary to exercise, and no delay in exercising, any right will
operate as a waiver thereof, nor will any single or partial exercise by the Securities Intermediary of any right preclude any other future exercise thereof or the exercise of any other right. 

5. Severability Amendments; Assignment. In case any provision in or obligation under this Agreement shall be invalid, illegal or
unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions shall not in any way be affected thereby. This Agreement may not be amended or modified in any manner except by a written agreement

  
 I-10 

 
executed by the parties hereto. This Agreement shall extend to and shall be binding upon the parties hereto, and their respective successors and assigns; provided, however, that
this Agreement shall not be assignable by any party without the written consent of the other parties. 
 6. Governing Law; Jurisdiction;
Waiver of Immunity; Jury Trial Waiver. This Agreement and the Account shall be governed by and construed in accordance with the substantive laws of the State of New York, without regard to conflicts of laws principles thereof. The State of New
York shall be deemed to be the location of the Securities Intermediary and, notwithstanding any other agreement to the contrary between the Securities Intermediary and the Pledgor, the State of New York is the jurisdiction of the Securities
Intermediary for purposes of Part 3 of Article 9 of the UCC and Part 1 of Article 8 of the UCC. The Secured Party, the Pledgor, any Additional Secured Party and the Securities Intermediary hereby consent to the jurisdiction of a state or federal
court situated in New York City, New York in connection with any dispute arising hereunder. To the extent that in any jurisdiction the Secured Party, the Pledgor or any Additional Secured Party may now or hereafter be entitled to claim, for itself
or its assets, immunity from suit, execution, attachment (before or after judgment) or other legal process, the Secured Party, the Pledgor and any Additional Secured Party each irrevocably agrees not to claim, and hereby waives, such immunity. The
Secured Party, the Pledgor, any Additional Secured Party and the Securities Intermediary each hereby irrevocably waives any and all rights to trial by jury in any legal proceeding arising out of or relating to this Agreement. 

7. No Third Party Beneficiaries. In performing hereunder, the Securities Intermediary is acting solely on behalf of the Secured Party,
the Pledgor and any Additional Secured Party and no contractual or service relationship shall be deemed to be established hereby between the Securities Intermediary and any other person. 

8. Headings. Section headings are included in this Agreement for convenience only and shall have no substantive effect on its
interpretation. 
 9. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be
an original, but such counterparts shall, together, constitute only one instrument. 
 10. USA PATRIOT ACT. The parties hereto
acknowledge that in order to help the United States government fight the funding of terrorism and money laundering activities, pursuant to Federal regulations that became effective on October 1, 2003 (Section 326 of the USA PATRIOT Act)
requires all financial institutions to obtain, verify, record and update information that identifies each person establishing a relationship or opening an account. The parties to this Agreement agree that they will provide to the United States
Securities Intermediary such information as it may request, from time to time, in order for the United States Securities Intermediary to satisfy the requirements of the USA PATRIOT Act, including but not limited to the name, address, tax
identification number and other information that will allow it to identify the individual or entity who is establishing the relationship or opening the account and may also ask for formation documents such as articles of incorporation or other
identifying documents to be provided. 

  
 I-11 

 11. Solely Between the Pledgor, the Secured Party and any Additional Secured Party. 

(a) Without limiting the provisions of Section 3 of Article IV and other similar provisions set forth herein, the Securities
Intermediary, in its capacity as such, has no interest in, and no duty, responsibility or obligation with respect to, the following provisions of this Section 11 (including without limitation, no duty, responsibility or obligation to monitor
the Pledgor’s, the Secured Party’s or any Additional Secured Party’s compliance with the Secured Debt Documents or to know the terms of the Secured Debt Documents). 

(b) Solely as between the Pledgor and the Secured Party Representative (and without limiting the Security Intermediary’s agreements set
forth elsewhere herein, including in Section 1 of Article III hereof): 
 i. The Secured Party Representative may not
deliver a Notice of Exclusive Control unless an Event of Default (as defined in the Credit Agreement) has occurred and is continuing. 

ii. Following the delivery of a Notice of Exclusive Control, the Secured Party Representative shall deliver a Rescission Notice
if, at any time, (A) the event giving rise to such Notice of Exclusive Control is no longer continuing, and (B) at such time, no Event of Default (as defined in the Credit Agreement) has occurred and is continuing. 

12. Further Assurances. With respect to the Account Collateral, the Pledgor will take, or cause to be taken, such commercially
reasonable actions as are necessary to maintain, so long as the General Security Agreement is in effect, the perfection of the security interests created by the General Security Agreement in the Account Collateral, subject, in each case, to
Permitted Liens, or will furnish the Secured Party or any Additional Secured Party timely notice of the necessity of such action, together with such instruments, in execution form, and such other information, as may be required to enable the Secured
Party or any Additional Secured Party to take such action. 
 [REMAINDER OF THIS PAGE IS LEFT BLANK INTENTIONALLY] 

  
 I-12 

 IN WITNESS WHEREOF, the Secured Party, the Pledgor and the Securities Intermediary have
caused this Agreement to be executed by their respective officers, thereunto duly authorized, as of the day and year first above written. 
  

			
	AMERICAN AIRLINES, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 Collateral Account
Control Agreement 

 
			
	[CITIBANK, N.A.], not in its individual capacity, but solely as Secured Party
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 Collateral Account
Control Agreement 

 
			
	[                    ], as Securities Intermediary
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 Collateral Account
Control Agreement 

 EXHIBIT A 

CERTIFICATE OF AUTHORIZED PERSONS 

(Customer - Written Instructions) 

The undersigned hereby certifies that he/she is the [duly elected and acting] [    ] of [American Airlines, Inc., a
Delaware corporation (the “Corporation”)] [Citibank, N.A., as collateral agent (the “Secured Party Representative”)], and further certifies that the officers or employees of the [Corporation] [Secured Party
Representative] named on Exhibit A hereto have been duly authorized in conformity with the [Corporation] [Secured Party Representative]’s Certificate of Incorporation, By-Laws or other organizational
document to deliver Written Instructions to [                    ] (the “Securities Intermediary”) pursuant to the Collateral
Account Control Agreement among the [Corporation] [American Airlines, Inc.], [                    ] [Secured Party Representative], and the
Securities Intermediary, dated as of             , 20     (as amended, amended and restated, supplemented or otherwise modified from time to time, the
“Agreement”), and that the signatures appearing opposite their names are true and correct. 
 This certificate supersedes any certificate
of authorized individuals you may currently have on file. 
 Capitalized terms used herein but not defined shall have the meaning assigned to such terms in
the Agreement. 
  

			
	[AMERICAN AIRLINES, INC.]
	
	[CITIBANK, N.A., not in its individual capacity, but solely as Secured Party Representative]
	
	  

	Title:	 	
	Date:	 	

 EXHIBIT A TO THE CERTIFICATE OF AUTHORIZED PERSONS 

 

					
			
	  
	  	  
	  	  

	Name	  	Title	  	Signature
			
	  
	  	  
	  	  

	Name	  	Title	  	Signature
			
	  
	  	  
	  	  

	Name	  	Title	  	Signature
			
	  
	  	  
	  	  

	Name	  	Title	  	Signature
			
	  
	  	  
	  	  

	Name	  	Title	  	Signature
			
	  
	  	  
	  	  

	Name	  	Title	  	Signature
			
	  
	  	  
	  	  

	Name	  	Title	  	Signature
			
	  
	  	  
	  	  

	Name	  	Title	  	Signature
			
	  
	  	  
	  	  

	Name	  	Title	  	Signature

 ANNEX A 

[to be placed on Secured Party Representative’s letterhead] 

COLLATERAL ACCOUNT CONTROL AGREEMENT 

NOTICE OF EXCLUSIVE CONTROL 

            ,      

[                    ] 

[ ● ]Phone: [ ● ]Fax: [ ● ] 

Attn: [ ● ] 
  

	 	Re:	Collateral Account Control Agreement dated as of             , 20     (as amended, amended and restated, supplemented or otherwise modified
from time to time, the “Agreement”) by and among American Airlines Inc., Citibank, N.A., as collateral agent, and
[                    ], in respect of account number [ ● ]. 

Ladies and Gentlemen: 
 This constitutes a Notice of Exclusive
Control as referred to in Article III of the Agreement, a copy of which is attached hereto. Capitalized terms used herein but not defined shall have the meaning assigned to such terms in the Agreement. 

 

			
	 [CITIBANK, N.A.], not in its individual capacity, but solely as Secured Party Representative

		
	By:	 	  

		 	Signature
		 	  

		 	Name
		 	  

		 	Title:

 EXHIBIT B 

Joinder to the Collateral Account Control Agreement 

JOINDER, dated as of
[                                        ], by
and among American Airlines, Inc. (the “Pledgor”), Citibank, N.A., as collateral agent (in such capacity, and together with its successors and permitted assigns (including, without limitation, any Senior Priority Representative (as
defined in the Intercreditor Agreement)), the “Secured Party”), [                    ] (the “Securities
Intermediary”) and [                    ] (the “Additional Secured Party”). Except as otherwise defined herein, terms used
herein and defined in the Credit Agreement shall be used herein as therein defined. 
 WHEREAS, the Pledgor, the Securities Intermediary and
the Secured Party are a party to that certain Collateral Account Control Agreement, dated as of             , 20     (the “Account Control Agreement”).

 NOW, THEREFORE, in consideration of the mutual promises set forth hereafter, the parties hereto agree as follows. 

1. The Additional Secured Party shall hereby become a party to the Collateral Account Control Agreement as an Additional Secured Party (as
such term is used in the Account Control Agreement), with all the rights and responsibilities as provided therein. 
 2. Any notice or other
instrument in writing, authorized or required by the Account Control Agreement to be given to the Additional Secured Party shall be sufficiently given if addressed to the Additional Secured Party and received by it at its offices at the following
address or at such other place as the Additional Secured Party may from time to time designate in writing: 

[                    ] 

[                    ] 

[                    ] 

Attention: [                    ] 

Telephone: [                    ] 

Facsimile: [                    ] 

Email: [                    ] 

 

			
	[ADDITIONAL SECURED PARTY], not in its individual capacity, but solely as an Additional Secured Party
		
	 By:
	 	  

		 	 Name:

		 	 Title:

			
	Agreed and Accepted as of [                     ]
	
	AMERICAN AIRLINES, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	[CITIBANK, N.A.],
	not in its individual capacity, but solely as Secured Party
		
	By:	 	  

		 	Name:
		 	Title:
	
	[                                    
    ],
	as Securities Intermediary
		
	By:	 	  

		 	Name:
		 	Title:

 EXHIBIT J TO 

CREDIT AND GUARANTY AGREEMENT 
  

 
  

AIRCRAFT SECURITY AGREEMENT 

Dated as of [●], 20[●] 

between 
 [NAME OF GRANTOR] 

and 
 [NAME OF TRUSTEE], 

not in its individual capacity, except as expressly stated herein, but solely 

as Trustee 
  

 
  

 
  

  
 Aircraft Security
Agreement 

 Table of Contents 

 

							
	 	  	 	  	Page	 
	
	Article I	 
	
	DEFINITIONS	 
			
	 Section 1.01.
	  	 Definitions.
	  	 	J-5	 
	 Section 1.02.
	  	 Other Definitional Provisions.
	  	 	J-5	 
	
	Article II	 
	
	REPRESENTATIONS AND WARRANTIES, ETC.	 
			
	 Section 2.01.
	  	 Representations and Warranties of the Grantor.
	  	 	J-6	 
	
	Article III	 
	
	CERTAIN PAYMENTS	 
			
	 Section 3.01.
	  	 Payments After Event of Default.
	  	 	J-9	 
	
	Article IV	 
	
	REMEDIES OF TRUSTEE	 
			
	 Section 4.01.
	  	 Remedies.
	  	 	J-9	 
	 Section 4.02.
	  	 Remedies Cumulative.
	  	 	J-13	 
	 Section 4.03.
	  	 Discontinuance of Proceedings.
	  	 	J-13	 
	
	Article V	 
	
	THE TRUSTEE	 
			
	 Section 5.01.
	  	 Trustee May Perform.
	  	 	J-13	 
	 Section 5.02.
	  	 The Trustee.
	  	 	J-14	 
	
	Article VI	 
	
	OPERATING COVENANTS OF THE GRANTOR	 
			
	 Section 6.01.
	  	 Possession, Operation and Use, Maintenance and Registration.
	  	 	J-14	 
	 Section 6.02.
	  	 Inspection.
	  	 	J-21	 
	 Section 6.03.
	  	 Replacement and Pooling of Parts; Alterations, Modifications and Additions; Substitution of
Engines.
	  	 	J-22	 
	 Section 6.04.
	  	 Loss, Destruction or Requisition.
	  	 	J-24	 
	 Section 6.05.
	  	 Insurance.
	  	 	J-29	 

  
 Aircraft Security
Agreement 
 i 

 Table of Contents 

(continued) 
  

							
	 	  	 	  	Page	 
	
	Article VII	 
	
	CERTAIN COVENANTS	 
			
	 Section 7.01.
	  	 Certain Covenants of the Grantor.
	  	 	J-30	 
	 Section 7.02.
	  	 Certain Covenants of the Trustee.
	  	 	J-31	 
	 Section 7.03.
	  	 Subjection of Aircraft to Lien of Aircraft Security Agreement.
	  	 	J-31	 
	 Section 7.04.
	  	 Release of Aircraft from Lien of Aircraft Security Agreement.
	  	 	J-33	 
	 Section 7.05.
	  	 Non-Lender Secured Parties.
	  	 	J-33	 
	
	Article VIII	 
	
	MISCELLANEOUS	 
			
	 Section 8.01.
	  	 Termination of this Aircraft Security Agreement.
	  	 	J-36	 
	 Section 8.02.
	  	 No Legal Title to Aircraft Collateral in the Secured Parties.
	  	 	J-37	 
	 Section 8.03.
	  	 Sale by the Trustee Is Binding.
	  	 	J-37	 
	 Section 8.04.
	  	 This Aircraft Security Agreement for the Benefit of the Grantor, the Trustee, the Collateral
Agent and the Secured Parties.
	  	 	J-37	 
	 Section 8.05.
	  	 Notices.
	  	 	J-37	 
	 Section 8.06.
	  	 Severability of Provisions.
	  	 	J-38	 
	 Section 8.07.
	  	 No Oral Modification or Continuing Waivers.
	  	 	J-38	 
	 Section 8.08.
	  	 Successors and Assigns.
	  	 	J-38	 
	 Section 8.09.
	  	 Headings.
	  	 	J-38	 
	 Section 8.10.
	  	 Normal Commercial Relations.
	  	 	J-38	 
	 Section 8.11.
	  	 The Grantor’s Performance and Rights.
	  	 	J-39	 
	 Section 8.12.
	  	 Execution in Counterparts.
	  	 	J-39	 
	 Section 8.13.
	  	 Governing Law.
	  	 	J-39	 
	 Section 8.14.
	  	 Consent to Jurisdiction and Service of Process.
	  	 	J-39	 
	 Section 8.15.
	  	 Amendments, Etc.
	  	 	J-40	 

  

					
	 Exhibit A
	  	—	  	 Form of Aircraft Security Agreement Supplement

	 Exhibit B
	  	—	  	 List of Permitted Countries

			
	 Annex A
	  	—	  	 Definitions

  
 Aircraft Security
Agreement 
 ii 

 AIRCRAFT SECURITY AGREEMENT 

AIRCRAFT SECURITY AGREEMENT, dated as of [●], 20[●] (as amended, modified or supplemented from time to time, the “Aircraft
Security Agreement”), between [NAME OF GRANTOR], a [Delaware corporation]1 (together with its permitted successors and assigns, the “Grantor”) and [NAME OF TRUSTEE], as
security trustee (together with its successors and permitted assigns, the “Trustee”), for its benefit and the benefit of the other Secured Parties. Except as otherwise defined herein, terms used herein and defined in the Credit
Agreement (as defined below) shall be used herein as therein defined. 
 W I T N E S S
E T H: 
 WHEREAS, [the Grantor] [American Airlines, Inc. (“American”)]2 and the Collateral Agent are parties to that certain Amended and Restated Credit and Guaranty Agreement, dated as of December 15, 2016 (as may be amended, restated, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among [the Grantor] [American]3, American Airlines Group Inc. (“Parent”), as
guarantor party thereto, the other guarantors from time to time party thereto, the lenders from time to time party thereto (collectively, the “Lenders”), the Collateral Agent, and the Administrative Agent; 

WHEREAS, the Grantor has agreed to grant a continuing Lien on the Aircraft Collateral (as defined below) to the Trustee for the benefit of the
Secured Parties to secure the Obligations; and 
 WHEREAS, the Collateral Agent and one or more Additional Agents may in the future enter
into one or more Intercreditor Agreements and/or Other Intercreditor Agreements; 
 GRANTING CLAUSE 

NOW, THEREFORE, to secure all of the Obligations, and in consideration of the premises, the mutual agreements set forth herein and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Grantor hereby pledges, grants and creates a security interest and mortgage in favor of the Trustee 

 

	1 	Revise bracketed phrase as necessary for the applicable Grantor. 

	2 	Use second alternative if American is not the Grantor 

	3 	Use second alternative if American is not the Grantor 

  
 Aircraft Security
Agreement 
 J-1 

 
for the benefit of the Collateral Agent and for the benefit of the other Secured Parties in all estate, right, title and interest of the Grantor in, to and under, all and singular, the following
described properties, rights, interests and privileges, whether now owned or hereafter acquired and whether real or personal and whether tangible or intangible (the “Aircraft Collateral”): 

(1) each Aircraft, including the Airframe and the Engines relating thereto, whether or not any such Engine may from time to
time be installed on the related Airframe, any other Airframe or any other airframe or any other aircraft, and any and all Parts relating thereto, and, to the extent provided herein, all substitutions and replacements of, and additions,
improvements, accessions and accumulations to, each such Aircraft, including the Airframe, the Engines and any and all Parts (in each case other than any substitutions, replacements, additions, improvements, accessions and accumulations that
constitute items excluded from the definition of Parts by clauses (b), (c) and (d) thereof) relating thereto (each such Airframe and Engines as more particularly described in the applicable Aircraft Security Agreement
Supplement executed and delivered with respect to the applicable Aircraft on the applicable Aircraft Closing Date for such Aircraft or with respect to any substitutions or replacements therefor), and together with all flight records, logs, manuals,
maintenance data and inspection, modification and overhaul records at any time required to be maintained with respect to such Aircraft in accordance with the rules and regulations of the FAA if such Aircraft is registered under the laws of the
United States or the rules and regulations of the government of the country of registry if such Aircraft is registered under the laws of a jurisdiction other than the United States; 

(2) the Warranty Rights relating to each Aircraft, together with all rights, powers, privileges, options and other benefits of
the Grantor under the same; 
 (3) all rents, revenues and other proceeds collected by the Trustee pursuant to Section
4.01(a), all moneys and securities from time to time paid or deposited or required to be paid or deposited to or with the Trustee by or for the account of the Grantor pursuant to any term of this Aircraft Security Agreement and held or required
to be held by the Trustee hereunder; and 
 (4) all proceeds of the foregoing; 

PROVIDED, HOWEVER, that notwithstanding any of the foregoing provisions, so long as no Event of Default shall have occurred and be continuing,
the Grantor shall have the right, to the exclusion of the Trustee, (i) to quiet enjoyment of each Aircraft, Airframe, Part and Engine, and to possess, use, retain and control each Aircraft, Airframe, Part and Engine and all revenues,
income and profits derived therefrom and 

  
 Aircraft Security
Agreement 
 J-2 

 
(ii) with respect to any Warranty Rights relating to any Aircraft, to exercise in the Grantor’s name all rights and powers of the Grantor with respect to such Warranty Rights and
to retain any recovery or benefit resulting from the enforcement of any warranty or indemnity or other obligation under such Warranty Rights; provided, further, that notwithstanding the occurrence and continuation of an Event of
Default, the Trustee shall not enter into any amendment or modification of any aircraft purchase or other agreement relating to the Warranty Rights that would alter the rights, benefits or obligations of the Grantor thereunder; 

TO HAVE AND TO HOLD all and singular the aforesaid property unto the Trustee, and its successors and permitted assigns, in trust for its
benefit and the benefit of the other Secured Parties, except as otherwise provided in this Aircraft Security Agreement, and for the uses and purposes and in all cases and as to all property specified in paragraphs (1) through
(4) inclusive above, subject to the terms and provisions set forth in this Aircraft Security Agreement. 
 It is expressly
agreed that notwithstanding anything herein to the contrary, the Grantor shall remain liable under each aircraft purchase or other agreement in respect of any Warranty Rights to perform all of its obligations thereunder, and, except to the extent
expressly provided in this Aircraft Security Agreement, the Trustee shall not be required or obligated in any manner to perform or fulfill any obligations of the Grantor under or pursuant to this Aircraft Security Agreement, or to have any
obligation or liability under any aircraft purchase or other agreement in respect of any Warranty Rights by reason of or arising out of the assignment hereunder, or to make any inquiry as to the nature or sufficiency of any payment received by it,
or present or file any claim or take any action to collect or enforce the payment of any amount that may have been assigned to it or to which it may be entitled at any time or times. 

Notwithstanding anything herein to the contrary (but without in any way releasing the Grantor from any of its duties or obligations under any
aircraft purchase or other agreement in respect of Warranty Rights), the Trustee confirms for the benefit of each manufacturer of any Aircraft that in exercising any rights under the Warranty Rights relating to such Aircraft, or in making any claim
with respect to any such Aircraft or other goods and services delivered or to be delivered pursuant to the related aircraft purchase or other agreement for such Aircraft, the terms and conditions of such aircraft purchase or other agreement relating
to such Warranty Rights, including, without limitation, any warranty disclaimer provisions for the benefit of such manufacturer, shall apply to and be binding upon the Trustee to the same extent as the Grantor. Subject to any Intercreditor Agreement
and any Other Intercreditor Agreement, the Grantor hereby directs each manufacturer of any Aircraft, so long as an Event of Default shall have occurred and be continuing, to pay all amounts, if any, payable to the Grantor pursuant to the Warranty
Rights relating to such Aircraft directly to the Trustee to be held and applied as provided herein. Nothing contained herein shall subject any manufacturer of 

  
 Aircraft Security
Agreement 
 J-3 

 
any Aircraft to any liability to which it would not otherwise be subject under any aircraft purchase or other agreement relating thereto or modify in any respect the contract rights of such
manufacturer thereunder. 
 Notwithstanding anything herein to the contrary, it is the understanding of the parties hereto that the Liens
granted pursuant to this Aircraft Security Agreement shall, prior to the Discharge of Additional Obligations that are Senior Priority Obligations, be pari passu and equal in priority to the Liens granted to any Additional Agent for the benefit of
the holders of the applicable Additional Obligations that are Senior Priority Obligations to secure such Additional Obligations that are Senior Priority Obligations pursuant to the applicable Additional Collateral Documents (except as may be
separately otherwise agreed between the Trustee, on behalf of itself and the Secured Parties, and any Additional Agent, on behalf of itself and the Additional Credit Facility Secured Parties represented thereby). The Trustee acknowledges and agrees
that the relative priority of the Liens granted to the Trustee, the Collateral Agent, the Administrative Agent and any Additional Agent shall be determined solely (as between the parties to such Intercreditor Agreement or Other Intercreditor
Agreement and except as otherwise provided therein) pursuant to the applicable Intercreditor Agreements and Other Intercreditor Agreements, and not by priority as a matter of law or otherwise. Notwithstanding anything herein to the contrary, the
Liens granted to the Trustee pursuant to this Aircraft Security Agreement and the exercise of any right or remedy by the Trustee hereunder are subject to the provisions of the applicable Intercreditor Agreements and Other Intercreditor Agreements.
In the event of any conflict between the terms of any Intercreditor Agreement or any Other Intercreditor Agreement and this Aircraft Security Agreement, the terms of such Intercreditor Agreement or Other Intercreditor Agreement, as applicable, shall
govern and control as among (i) the Trustee, the Collateral Agent and any Additional Agent, in the case of the Intercreditor Agreement, and (ii) the Trustee, the Collateral Agent and any other secured creditor (or agent
therefor) party thereto, in the case of any Other Intercreditor Agreement. In the event of any such conflict, the Grantor may act (or omit to act) in accordance with such Intercreditor Agreement or such Other Intercreditor Agreement, as applicable,
and shall not be in breach, violation or default of its obligations hereunder by reason of doing so. Notwithstanding any other provision hereof, for so long as any Additional Obligations that are Senior Priority Obligations remain outstanding, any
obligation hereunder to deliver, transfer or assign to the Collateral Agent any Collateral shall be satisfied by causing such Collateral to be delivered, transferred or assigned to the applicable Senior Priority Representative to be held in
accordance with the Intercreditor Agreement. 
 Subject to the terms and conditions hereof, the Grantor does hereby irrevocably constitute
the Trustee, on behalf of the Collateral Agent and the other Secured Parties, the true and lawful attorney of the Grantor (which appointment is coupled with an interest) with full power (in the name of the Grantor or otherwise) to ask for, require,
demand and receive any and all monies and claims for monies (in each case including insurance and 

  
 Aircraft Security
Agreement 
 J-4 

 
requisition proceeds) due and to become due to the Grantor under or arising out of any aircraft purchase or other agreement (to the extent assigned hereby as part of the Warranty Rights), and all
other property which now or hereafter constitutes part of the Aircraft Collateral, to endorse any checks or other instruments or orders in connection therewith and to file any claims or to take any action or to institute any proceedings which the
Trustee may deem to be necessary or advisable in the premises; provided that the Trustee shall not exercise any such rights except (i) as permitted by each applicable Intercreditor Agreement and Other Intercreditor Agreement and
(ii) during the continuance of an Event of Default. 
 The Grantor does hereby warrant and represent that it has not sold,
assigned or pledged, and hereby covenants and agrees that it will not sell, assign or pledge, so long as this Aircraft Security Agreement shall remain in effect and the Lien hereof shall not have been released pursuant to the provisions hereof, any
of its estate, right, title or interest hereby assigned, to any Person other than the Trustee, except as otherwise provided in or permitted by the Credit Agreement, any Intercreditor Agreement and any Other Intercreditor Agreement. 

The Grantor agrees that at any time and from time to time, upon the written request of the Trustee, the Grantor shall promptly and duly
execute and deliver or cause to be duly executed and delivered any and all such further instruments and documents as the Trustee may reasonably deem necessary to perfect, preserve or protect the mortgage, security interests and assignments created
or intended to be created hereby or to obtain for the Trustee the full benefit of the assignment hereunder and of the rights and powers herein granted; provided that any instrument or other document so executed by the Grantor will not expand
any obligations or limit any rights of the Grantor in respect of the transactions contemplated by this Aircraft Security Agreement. 
 IT IS
HEREBY COVENANTED AND AGREED by and between the parties hereto as follows: 
 ARTICLE I 

DEFINITIONS 
 Section 1.01.
Definitions. For all purposes of this Aircraft Security Agreement, unless the context otherwise requires, capitalized terms used but not defined herein have the respective meanings set forth or incorporated by reference in Annex A.

 Section 1.02. Other Definitional Provisions. 

(a) Singular and Plural. The definitions stated herein and in Annex A apply equally to both the singular and the plural forms of
the terms defined. 

  
 Aircraft Security
Agreement 
 J-5 

 (b) References to Parts. All references in this Aircraft Security Agreement to designated
“Articles”, “Sections”, “Subsections”, “Schedules”, “Exhibits”, “Annexes” and other subdivisions are to the designated Article, Section, Subsection, Schedule, Exhibit, Annex or other
subdivision of this Aircraft Security Agreement, unless otherwise specifically stated. 
 (c) Reference to the Whole. The words
“herein”, “hereof” and “hereunder” and other words of similar import refer to this Aircraft Security Agreement as a whole and not to any particular Article, Section, Subsection, Schedule, Exhibit, Annex or other
subdivision. 
 (d) Including Without Limitation. Unless the context otherwise, requires, whenever the words “including”,
“include” or “includes” are used herein, they shall be deemed to be followed by the phrase “without limitation”. 

(e) Reference to Government. All references in this Aircraft Security Agreement to a “government” are to such government and
any instrumentality or agency thereof. 
 (f) Reference to Persons. All references in this Aircraft Security Agreement to a Person
shall include successors and permitted assigns of such Person. 
 (g) Rules of Interpretation in Credit Agreement. The parties to
this Aircraft Security Agreement agree that the Rules of Interpretation set out in Section 1.02 of the Credit Agreement shall apply to this Aircraft Security Agreement mutatis mutandis as if set out in this Aircraft
Security Agreement. 
 ARTICLE II 

REPRESENTATIONS AND WARRANTIES, ETC. 

Section 2.01. Representations and Warranties of the Grantor. As of the date hereof, with respect to each Aircraft subjected to the
Lien of this Aircraft Security Agreement on such date, the Grantor represents and warrants that: 
 (a) Organization;
Authority; Qualification. The Grantor is a [corporation] duly [incorporated] and validly existing in good standing under the laws of [the State of Delaware]4, is a Certificated Air Carrier, is
a Citizen of the United States, has the corporate power and authority to own or hold under lease its properties and to enter into and perform its obligations under this Aircraft Security Agreement and the Aircraft Security Agreement Supplement
describing such Aircraft and is duly qualified to do business as a foreign corporation in good 
  

	4 	Revise bracketed phrases in Section 2.01 as necessary for applicable Grantor. 

  
 Aircraft Security
Agreement 
 J-6 

 
standing in each other jurisdiction in which the failure to so qualify would have a material adverse effect on the consolidated financial condition of the Grantor and its subsidiaries, considered
as a whole, and its jurisdiction of organization (as such term is used in Article 9 of the Uniform Commercial Code as in effect in the state of [Delaware]) is [Delaware]. 

(b) [Corporate] Action and Authorization; No Violations. The execution, delivery and performance by the Grantor of this
Aircraft Security Agreement and the Aircraft Security Agreement Supplement describing such Aircraft have been duly authorized by all necessary [corporate] action on the part of the Grantor, do not require any [stockholder] approval or approval or
consent of any trustee or holder of any indebtedness or obligations of the Grantor, except such stockholder approval or approval or consent of any trustee or such holder as have been duly obtained and are in full force and effect, and do not
contravene any law, governmental rule, regulation, judgment or order binding on the Grantor or the [certificate of incorporation or by-laws] of the Grantor or contravene or result in a breach of, or constitute
a default under, or result in the creation of any Lien (other than as permitted under this Aircraft Security Agreement, the Credit Agreement, any Intercreditor Agreement or Other Intercreditor Agreement) upon the property of the Grantor under, any
material indenture, mortgage, contract or other agreement to which the Grantor is a party or by which it or any of its properties may be bound or affected. 

(c) Governmental Approvals. Neither the execution and delivery by the Grantor of this Aircraft Security Agreement or the
Aircraft Security Agreement Supplement describing such Aircraft, nor the consummation by the Grantor of any of the transactions contemplated hereby or thereby, requires the authorization, consent or approval of, the giving of notice to, the filing
or registration with or the taking of any other action in respect of, the Department of Transportation, the FAA or any other federal or state governmental authority or agency, or the International Registry, except for (i) the orders,
permits, waivers, exemptions, authorizations and approvals of the regulatory authorities having jurisdiction over the Grantor’s ownership or use of such Aircraft required to be obtained on or prior to such date, which orders, permits, waivers,
exemptions, authorizations and approvals have been duly obtained and are, or on such date will be, in full force and effect, (ii) the filings referred to in Section 2.01(e), (iii) authorizations, consents,
approvals, notices and filings required to be obtained, taken, given or made under securities or Blue Sky or similar laws of the various states and foreign jurisdictions, and (iv) consents, approvals, notices, registrations and other
actions required to be obtained, given, made or taken only after such date. 

  
 Aircraft Security
Agreement 
 J-7 

 (d) Valid and Binding Agreements. This Aircraft Security Agreement and the
Aircraft Security Agreement Supplement describing such Aircraft have been duly executed and delivered by the Grantor and constitute the legal, valid and binding obligations of the Grantor enforceable against the Grantor in accordance with their
terms, except as the same may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the rights of creditors generally and by general principles of equity and except as limited by applicable laws that may
affect the remedies provided in this Aircraft Security Agreement, which laws, however, do not make the remedies provided in this Aircraft Security Agreement inadequate for the practical realization of the rights and benefits intended to be provided
thereby. 
 (e) Filings and Recordation. Except for (i) the registration of the Aircraft in the name of
the Grantor (and renewals of such registration at periodic intervals), (ii) the filing for recordation pursuant to the Transportation Code of this Aircraft Security Agreement (with the Aircraft Security Agreement Supplement describing such
Aircraft attached), (iii) with respect to the security interests created by this Aircraft Security Agreement, together with the Aircraft Security Agreement Supplement describing such Aircraft, the filing of financing statements (and
continuation statements at periodic intervals) under the Uniform Commercial Code of [the State of Delaware], and (iv) the registration on the International Registry of the International Interests (or Prospective International Interests)
created under this Aircraft Security Agreement (as supplemented by any Aircraft Security Supplement describing such Aircraft), no further filing or recording of any document is necessary or advisable under the laws of the United States or any state
thereof as of such date in order to establish and perfect the security interest in such Aircraft created under this Aircraft Security Agreement in favor of the Trustee as against the Grantor and any third parties in any applicable jurisdiction in
the United States. 
 (f) Title. The Grantor has good title to such Aircraft, free and clear of Liens other than
Permitted Liens. Such Aircraft has been duly certified by the FAA as to type and airworthiness in accordance with the terms of the Aircraft Security Agreement. This Aircraft Security Agreement (with any Aircraft Security Agreement Supplement
describing such Aircraft attached) has been duly filed for recordation (or shall be in the process of being so duly filed for recordation) with the FAA pursuant to the Transportation Code. Such Aircraft is duly registered with the FAA in the name of
the Grantor. 
 (g) Security Interest. Subject to any Intercreditor Agreement and any Other Intercreditor Agreement,
this Aircraft Security Agreement creates in favor of the Trustee, for its benefit and the benefit of the other Secured Parties, a valid and perfected Lien on such Aircraft, subject to no Lien, except Permitted Liens.

  
 Aircraft Security
Agreement 
 J-8 

 
There are no Liens of record with the FAA on such Aircraft on the date hereof other than the Lien of this Aircraft Security Agreement and any Permitted Liens. Other than (x) the
International Interests (or Prospective International Interests) created under this Aircraft Security Agreement (as supplemented by the Aircraft Security Agreement Supplement describing such Aircraft), (y) any International Interests (or
Prospective International Interests) that appear on the International Registry as having been discharged and (z) any Permitted Liens, no International Interests with respect to such Aircraft have been registered on the International
Registry as of the date hereof. 
 ARTICLE III 

CERTAIN PAYMENTS 

Section 3.01. Payments After Event of Default. 

(a) Any cash held by the Trustee as Aircraft Collateral and all cash proceeds received by the Trustee in respect of any sale of, collection
from, or other realization upon all or any part of the Aircraft Collateral pursuant to the exercise by the Trustee of its remedies as a secured creditor as provided in Section 4.01 of this Aircraft Security Agreement shall,
subject to any Intercreditor Agreement and any Other Intercreditor Agreement, be applied from time to time by the Trustee in accordance with the terms of the Credit Agreement. 

(b) It is understood that, to the extent permitted by applicable law, the Grantor shall remain liable to the extent of any deficiency between
the amount of the proceeds of the Aircraft Collateral and the aggregate amount of the outstanding Obligations. 
 ARTICLE IV 

REMEDIES OF TRUSTEE 

Section 4.01. Remedies. 

(a) General. If an Event of Default shall have occurred and be continuing and so long as the same shall continue unremedied, then and
in every such case the Trustee may do one or more of the following to the extent permitted by, and subject to compliance with the requirements of, (i) any Intercreditor Agreement and any Other Intercreditor Agreement and
(ii) applicable law then in effect (provided that during any period any Airframe or any Engine is subject to the CRAF Program and is in possession of or being operated under the direction of the United States government or an
agency or instrumentality of the United States, the Trustee shall not, on account of any Event of Default, be entitled to exercise or pursue any of the powers, rights or remedies described 

  
 Aircraft Security
Agreement 
 J-9 

 
in this Section 4.01 in such manner as to limit the Grantor’s control under this Aircraft Security Agreement (or any Permitted Lessee’s control under any
Lease) of such Airframe, any Engines installed thereon or any such Engine, unless at least 60 days’ (or such lesser period as may then be applicable under the CRAF Program of the United States government) prior written notice of default
hereunder shall have been given by the Trustee by registered or certified mail to the Grantor (and any such Permitted Lessee) with a copy addressed to the Contracting Office Representative or other appropriate person for the Air Mobility Command of
the United States Air Force under any contract with the Grantor or such Permitted Lessee relating to the applicable Aircraft): 

(i) cause the Grantor, upon the written demand of the Trustee, at the Grantor’s expense, to deliver promptly, and the
Grantor shall deliver promptly, all or such part of any Airframe or any Engine as the Trustee may so demand to the Trustee or its order, or, if the Grantor shall have failed to so deliver any such Airframe or any such Engine after such demand, the
Trustee, at its option, may enter upon the premises where all or any part of any such Airframe or any such Engine are located and take immediate possession of and remove the same together with any engine which is not an Engine but which is installed
on such Airframe, subject to all of the rights of the owner, lessor, lienor or secured party of such engine; provided that any such Airframe with an engine (which is not an Engine) installed thereon may be flown or returned only to a location
within the continental United States, and such engine shall be held at the expense of the Grantor for the account of any such owner, lessor, lienor, secured party or, if such engine is owned by the Grantor, may at the option of the Grantor with the
consent of the Trustee (which will not be unreasonably withheld) or at the option of the Trustee with the consent of the Grantor (which will not be unreasonably withheld), be exchanged with the Grantor for an Engine in accordance with the provisions
of Section 6.04(b); 
 (ii) sell all or any part of any Airframe and any Engine at public or
private sale, whether or not the Trustee shall at the time have possession thereof, as the Trustee may determine, or otherwise dispose of, hold, use, operate, lease to others (including the Grantor) or keep idle all or any part of any such Airframe
or any such Engine as the Trustee, in its sole discretion, determines, all free and clear of any rights or claims of the Grantor, and, subject to any Intercreditor Agreement and any Other Intercreditor Agreement, the proceeds of such sale or
disposition shall be distributed as set forth in the Credit Agreement; or 
 (iii) exercise any other remedy of a secured
party under the Uniform Commercial Code of the State of New York (whether or not in effect in the jurisdiction in which enforcement is sought); 

  
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 provided that, notwithstanding anything to the contrary set forth herein or in any other Loan Document,
(i) as permitted by Article 15 of the Cape Town Convention, the provisions of Chapter III of the Cape Town Convention are hereby excluded and made inapplicable to this Aircraft Security Agreement and the other Loan Documents, except
for those provisions of such Chapter III that cannot be derogated from; and (ii) as permitted by Article IV(3) of the Aircraft Protocol, the provisions of Chapter II of the Aircraft Protocol are hereby excluded and made inapplicable to
this Aircraft Security Agreement and the other Loan Documents, except for (x) Article XVI of the Aircraft Protocol and (y) those provisions of such Chapter II that cannot be derogated from. In furtherance of the foregoing,
the parties hereto agree that the exercise of remedies hereunder and under the other Loan Documents is subject to other applicable law, including without limitation, the Uniform Commercial Code (as in effect in the State of New York) and the
Bankruptcy Code, and that nothing herein derogates from the rights of the Grantor or the Trustee under or pursuant to such other applicable law, including without limitation, the Uniform Commercial Code (as in effect in the State of New York) or the
Bankruptcy Code. 
 Upon every such taking of possession of any of the Aircraft Collateral under this
Section 4.01, the Trustee may, from time to time, at the expense of the Aircraft Collateral, make all such expenditures for maintenance, insurance, repairs, alterations, additions and improvements to and of the Aircraft
Collateral as it deems necessary to cause the Aircraft Collateral to be in such condition as required by the provisions of this Aircraft Security Agreement. In each such case, subject to any Intercreditor Agreement and any Other Intercreditor
Agreement, the Trustee may maintain, use, operate, store, insure, lease, control, manage or dispose of the Aircraft Collateral and may exercise all rights and powers of the Grantor relating to the Aircraft Collateral as the Trustee reasonably deems
best, including the right to enter into any and all such agreements with respect to the maintenance, use, operation, storage, insurance, leasing, control, management or disposition of the Aircraft Collateral or any part thereof as the Trustee may
reasonably determine; and the Trustee shall be entitled to collect and receive directly all tolls, rents, revenues, issues, income, products and profits of the Aircraft Collateral and every part thereof, without prejudice, however, to the rights of
the Trustee under any provision of this Aircraft Security Agreement to collect and receive all cash held by, or required to be deposited with, the Trustee hereunder. Subject to any Intercreditor Agreement and any Other Intercreditor Agreement, such
tolls, rents, revenues, issues, income, products and profits shall be applied to pay the expenses of the use, operation, storage, insurance, leasing, control, management or disposition of the Aircraft Collateral, and of all maintenance, repairs,
replacements, alterations, additions and improvements, and to make all payments that the Trustee is required or elects to make, if any, for Taxes, insurance or other proper charges assessed against or otherwise imposed upon the Aircraft Collateral
or any part thereof, and all other payments which the Trustee is required or expressly authorized to make under any provision of this Aircraft Security Agreement, as well as just and reasonable compensation for the services of the Trustee, and shall
otherwise be distributed as set forth in the Credit Agreement. 

  
 Aircraft Security
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 Subject to any Intercreditor Agreement and any Other Intercreditor Agreement, if an Event of
Default shall have occurred and be continuing and the Trustee shall be entitled to exercise rights hereunder, at the request of the Trustee, the Grantor shall promptly execute and deliver to the Trustee such instruments of title and other documents
as the Trustee reasonably deems necessary or advisable to enable the Trustee or a sub-agent or representative designated by the Trustee, at such time or times and place or places as the Trustee may specify, to
obtain possession of all or any part of the Aircraft Collateral to which the Trustee shall at the time be entitled hereunder. If the Grantor shall for any reason fail to execute and deliver such instruments and documents after such request by the
Trustee, subject to any Intercreditor Agreement and any Other Intercreditor Agreement, the Trustee may seek a judgment conferring on the Trustee the right to immediate possession and requiring the Grantor to execute and deliver such instruments and
documents to the Trustee, to the entry of which judgment the Grantor hereby specifically consents to the fullest extent it may lawfully do so. All actual and reasonable expenses of obtaining such judgment or of pursuing, searching for and taking
such property shall, until paid, be secured by the Lien of this Aircraft Security Agreement. 
 (b) Notice of Sale; Bids; Etc. The
Trustee shall give the Grantor at least 30 days’ prior written notice of any public sale or of the date on or after which any private sale will be held, which notice the Grantor hereby agrees to the extent permitted by applicable law is
reasonable notice. The Trustee or any other Secured Party shall be entitled to bid for and become the purchaser of any Aircraft Collateral offered for sale pursuant to this Section 4.01 and to credit against the purchase
price bid at such sale by such Secured Parties all or any part of the Obligations owed to such Person. The Trustee may exercise such right without possession or production of the instruments evidencing Obligations or proof of ownership thereof, and
as a representative of the Secured Parties may exercise such right without notice to the Secured Parties as party to any suit or proceeding relating to the foreclosure of any Aircraft Collateral. The Grantor shall also be entitled to bid for and
become the purchaser of any Aircraft Collateral offered for sale pursuant to this Section 4.01. 
 (c) Power of
Attorney, Etc. To the extent permitted by applicable law and subject to any Intercreditor Agreement and any Other Intercreditor Agreement, the Grantor irrevocably appoints, while an Event of Default has occurred and is continuing, the Trustee,
on behalf of the Collateral Agent and the other Secured Parties, the true and lawful attorney-in-fact of the Grantor (which appointment is coupled with an interest) in
its name and stead and on its behalf, for the purpose of effectuating any sale, assignment, transfer or delivery for the enforcement of the Lien of this Aircraft Security Agreement, whether pursuant to foreclosure or power of sale, or otherwise, to
execute and deliver all 

  
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 J-12 

 
such bills of sale, assignments and other instruments as may be necessary or appropriate, with full power of substitution, the Grantor hereby ratifying and confirming all that such attorney or
any substitute shall do by virtue hereof in accordance with applicable law; provided that if so requested by the Trustee or any purchaser, the Grantor shall ratify and confirm any such sale, assignment, transfer or delivery, by executing and
delivering to the Trustee or such purchaser all bills of sale, assignments, releases and other proper instruments to effect such ratification and confirmation as may reasonably be designated in any such request. 

Section 4.02. Remedies Cumulative. To the extent permitted under applicable law, each and every right, power and remedy
specifically given to the Trustee herein or otherwise in this Aircraft Security Agreement shall be cumulative and shall be in addition to every other right, power and remedy specifically given herein or now or hereafter existing at law, in equity or
by statute, and each and every right, power and remedy whether specifically given herein or otherwise existing may be exercised from time to time and as often and in such order as may be deemed expedient by the Trustee, and the exercise or the
beginning of the exercise of any power or remedy shall not be construed to be a waiver of the right to exercise at the same time or thereafter any other right, power or remedy. No delay or omission by the Trustee in the exercise of any right, remedy
or power or in the pursuance of any remedy shall, to the extent permitted by applicable law, impair any such right, power or remedy or be construed to be a waiver of any default on the part of the Grantor or to be an acquiescence therein. 

Section 4.03. Discontinuance of Proceedings. In case the Trustee shall have instituted any proceedings to enforce any right, power
or remedy under this Aircraft Security Agreement by foreclosure, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely to the Trustee, then and in every such case
the Grantor and the Trustee shall, subject to any determination in such proceedings, be restored to their former positions and rights hereunder with respect to the Aircraft Collateral, and all rights, remedies and powers of the Trustee shall
continue as if no such proceedings had been undertaken (but otherwise without prejudice). 
 ARTICLE V 

THE TRUSTEE 
 Section 5.01.
Trustee May Perform. If the Grantor fails to perform any agreement contained herein within a reasonable time after receipt of a written request to do so from the Trustee, upon two Business Days’ prior written notice the Trustee may
itself perform, or cause performance of, such agreement, and the reasonable expenses of the Trustee, including, without limitation, the reasonable fees and out-of-pocket
expenses of its counsel, incurred in connection therewith, shall be payable by the Grantor in accordance with Section 10.04 of the Credit Agreement and shall constitute Obligations. 

  
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 Section 5.02. The Trustee. It is expressly understood and agreed by the parties
hereto, and each Secured Party, by accepting the benefits of this Aircraft Security Agreement, acknowledges and agrees, that the obligations of the Trustee as holder of the Aircraft Collateral and interests therein and with respect to the
disposition thereof, and otherwise under this Aircraft Security Agreement, are only those expressly set forth in this Aircraft Security Agreement and the Credit Agreement. 

ARTICLE VI 
 OPERATING COVENANTS
OF THE GRANTOR 
 The Grantor will comply with the following covenants with respect to each Aircraft or the related Airframe or any related
Engine, as applicable: 
 Section 6.01. Possession, Operation and Use, Maintenance and Registration. 

(a) Possession. The Grantor shall not, without the prior written consent of the Trustee, lease or otherwise in any manner deliver,
transfer or relinquish possession of such Aircraft, such Airframe or any such Engine or install any such Engine, or permit any such Engine to be installed, on any airframe other than another Airframe; provided that, so long as the Grantor
shall comply with the provisions of Section 6.05 with respect to such Aircraft, such Airframe or such Engine, the Grantor may, without the prior written consent of the Trustee: 

(i) subject such Airframe to interchange agreements or subject any such Engine to interchange, borrowing or pooling agreements
or similar arrangements, in each case customary in the airline industry and entered into by the Grantor in the ordinary course of its business; provided that (A) no such agreement or arrangement contemplates or requires the
transfer of title to such Airframe and (B) if the Grantor’s title to any such Engine shall be divested under any such agreement or arrangement, such divestiture shall be deemed to be a Disposition with respect to such Engine; 

(ii) deliver possession of such Airframe or any such Engine to any Person for testing, service, repair, reconditioning,
restoration, storage, maintenance, overhaul work or other similar purposes or for alterations, modifications or additions to such Airframe or any such Engine to the extent required or permitted by the terms hereof; 

  
 Aircraft Security
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 (iii) transfer or permit the transfer of possession of such Airframe or any such
Engine to any Government pursuant to a lease, contract or other instrument; 
 (iv) subject such Airframe or any such Engine
to the CRAF Program or transfer possession of such Airframe or any such Engine to the United States government in accordance with applicable laws, rulings, regulations or orders (including, without limitation, any transfer of possession pursuant to
the CRAF Program); provided, that the Grantor (A) shall promptly notify the Trustee upon transferring possession of such Airframe or any such Engine pursuant to this clause (iv) and (B) in the
case of a transfer of possession pursuant to the CRAF Program, shall notify the Trustee of the name and address of the responsible Contracting Office Representative for the Air Mobility Command of the United States Air Force or other appropriate
Person to whom notices must be given and to whom requests or claims must be made to the extent applicable under the CRAF Program; 

(v) install any such Engine on an airframe owned by the Grantor (or any Permitted Lessee) free and clear of all Liens, except
(A) Permitted Liens and Liens that apply only to the engines (other than Engines), appliances, parts, instruments, appurtenances, accessories, furnishings and other equipment (other than Parts) installed on such airframe (but not to such
airframe as an entirety) and (B) the rights of third parties under interchange, borrowing or pooling agreements or similar arrangements that would be permitted under clause (i) above; 

(vi) install any such Engine on an airframe leased, purchased or owned by the Grantor (or any Permitted Lessee) subject to a
lease, conditional sale and/or other security agreement; provided that (A) such airframe is free and clear of all Liens except (1) the rights of the parties to the lease or any conditional sale or security agreement
covering such airframe, or their successors and assigns, and (2) Liens of the type permitted by clause (v) of this Section 6.01(a) and (B) either (1) the Grantor shall have
obtained from the lessor, conditional vendor or secured party of such airframe a written agreement (which may be the lease, conditional sale or other security agreement covering such airframe), in form and substance satisfactory to the Trustee (it
being understood that an agreement from such lessor, conditional vendor or secured party substantially in the form of the penultimate paragraph of this Section 6.01(a) shall be deemed to be satisfactory to the Trustee),
whereby such lessor, conditional vendor or secured party expressly agrees that neither it nor its successors or assigns will acquire or claim any right, title or interest in any such Engine by reason of such Engine being installed on such airframe
at any time while such Engine is subject to the Lien of this Aircraft Security Agreement or (2) such lease, conditional sale or other security agreement provides that any such Engine shall not become subject to the Lien of such lease,

  
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conditional sale or other security agreement at any time while such Engine is subject to the Lien of this Aircraft Security Agreement, notwithstanding the installation thereof on such airframe;

 (vii) install any such Engine on an airframe owned by the Grantor (or any Permitted Lessee), leased to the Grantor (or any
Permitted Lessee) or purchased by the Grantor (or any Permitted Lessee) subject to a conditional sale or other security agreement under circumstances where neither clause (v) nor clause (vi) of this
Section 6.01(a) is applicable; provided that such installation shall be deemed a Disposition with respect to such Engine, if such installation shall adversely affect the Trustee’s security interest in any such
Engine; 
 (viii) lease any such Engine or such Airframe and any such Engine to the United States government under which the
lessee’s obligations are guaranteed or supported by the full faith and credit of the United States; 
 (ix) lease any
such Engine or such Airframe and any such Engine to any United States air carrier as to which there is in force a certificate issued pursuant to the Transportation Code (49 U.S.C. §§41101-41112) or successor provision that gives like
authority, or to any manufacturer of airframes or engines (or an Affiliate thereof acting under an unconditional guarantee of such manufacturer), so long as such manufacturer and, if applicable, such Affiliate is domiciled in the United States;
provided that no Event of Default shall exist at the time any such lease is entered into; and 
 (x) lease any such
Engine or such Airframe and any such Engine to (A) any foreign air carrier other than those set forth in clause (B), (B) any foreign air carrier that is at the inception of the lease based in and a domiciliary of a
country listed in Exhibit B hereto, (C) any foreign manufacturer of airframes or engines (or a foreign Affiliate of a United States or foreign manufacturer of airframes or engines acting under an unconditional guarantee of
such manufacturer), so long as such foreign manufacturer or (if applicable) foreign Affiliate is domiciled in a country indicated with an asterisk on Exhibit B hereto, or (D) any foreign air carrier consented to in writing by the
Trustee with the consent of the Collateral Agent; provided that (w) in the case of a lease to, or guarantee by, any entity pursuant to this Section 6.01(a)(ix), (1) other than a foreign carrier principally based in
Taiwan, the United States maintains diplomatic relations with the country in which such entity is based and domiciled at the time such lease is entered into, (2) no Event of Default exists at the time such lease is entered into and
(3) such entity is not then subject to any bankruptcy, insolvency, liquidation, reorganization, dissolution or similar proceeding and shall not have substantially all of its property in the possession of any liquidator, trustee, receiver
or similar person, (x) in the case of a lease to a foreign air carrier 

  
 Aircraft Security
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under clause (A) above, the Trustee receives at the time of such lease an opinion of counsel to the Grantor (such counsel to be reasonably satisfactory to the Trustee) to the effect
that there exist no possessory rights in favor of the lessee under the laws of such lessee’s country which would, upon bankruptcy or insolvency of or other default by the Grantor and assuming at such time such lessee is not insolvent or
bankrupt, prevent the taking of possession of any such Engine or such Airframe and any such Engine by the Trustee in accordance with and when permitted by the terms of Section 4.01 upon the exercise by the Trustee of its
remedies under Section 4.01, and (y) in the case of a lease to any foreign manufacturer or foreign Affiliate under clause (C) above, the re-registration
conditions set forth in Section 6.01(e) shall be satisfied notwithstanding anything to the contrary in such clause (C); 
 provided
that the rights of any lessee or other transferee who receives possession of such Aircraft, such Airframe or any such Engine by reason of a transfer permitted by this Section 6.01(a) (other than the transfer of any such
Engine which is deemed an Event of Loss) shall be subject and subordinate to, and any permitted lease shall be made expressly subject and subordinate to, all the terms of this Aircraft Security Agreement, including the Trustee’s rights to
repossess pursuant to Section 4.01 and to avoid such lease upon such repossession, and the Grantor shall remain primarily liable hereunder for the performance and observance of all of the terms and conditions of this
Aircraft Security Agreement to the same extent as if such lease or transfer had not occurred, any such lease shall include appropriate provisions for the maintenance and insurance of such Aircraft, Airframe or Engine, and no lease or transfer or
possession otherwise in compliance with this Section shall (x) result in any registration or re-registration of such Aircraft except to the extent permitted in
Section 6.01(e) or the maintenance, operation or use thereof that does not comply with Section 6.01(b) and Section 6.01(c) or (y) permit any action not
permitted to be taken by the Grantor with respect to such Aircraft hereunder. The Grantor shall promptly notify the Trustee of the existence of any such lease with a term in excess of one year. 

Each of the Trustee and the Collateral Agent agrees, and each other Secured Party by acceptance of any instrument evidencing Obligations is
deemed to have agreed, for the benefit of the Grantor (and any Permitted Lessee) and for the benefit of the lessor, conditional vendor or secured party of such Airframe or engine leased to the Grantor (or any Permitted Lessee) or leased to or
purchased or owned by the Grantor (or any Permitted Lessee) subject to a conditional sale or other security agreement, that the Trustee, the Collateral Agent and the other Secured Parties will not acquire or claim, as against the Grantor (or any
Permitted Lessee) or such lessor, conditional vendor or secured party, any right, title or interest in (A) any engine or engines owned by the Grantor (or any Permitted Lessee) or the lessor under such lease or subject to a security
interest in favor of the secured party under any conditional sale or other security 

  
 Aircraft Security
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agreement as the result of such engine or engines being installed on such Airframe at any time while such engine or engines are subject to such lease or conditional sale or other security
agreement or (B) any airframe owned by the Grantor (or any Permitted Lessee) or the lessor under such lease or subject to a security interest in favor of the secured party under any conditional sale or other security agreement as the
result of any such Engine being installed on such airframe at any time while such airframe is subject to such lease or conditional sale or other security agreement. 

The Trustee acknowledges that any “wet lease” or other similar arrangement under which the Grantor maintains operational control of
an Aircraft shall not constitute a delivery, transfer or relinquishment of possession for purposes of this Section 6.01(a). 

(b) Operation and Use. The Grantor agrees that such Aircraft will not be maintained, used, serviced, repaired, overhauled or operated
in violation of any law, rule or regulation of any government of any country having jurisdiction over such Aircraft or in violation of any airworthiness certificate, license or registration relating to such Aircraft issued by any such government,
except (1) immaterial or non-recurring violations with respect to which corrective measures are taken promptly by the Grantor (or a Permitted Lessee) upon discovery thereof and (2) to the extent the
Grantor is contesting in good faith the validity or application of any such law, rule or regulation or airworthiness certificate, license or registration in any manner that does not involve any material risk of sale, forfeiture or loss of such
Aircraft or impair the Lien of this Aircraft Security Agreement; and provided, that the Grantor shall not be in default under, or required to take any action set forth in, this sentence if it is not possible for it to comply with the laws of
a jurisdiction other than the United States (or other than any jurisdiction in which such Aircraft is then registered) because of a conflict with the applicable laws of the United States (or such jurisdiction in which such Aircraft is then
registered). The Grantor will not operate such Aircraft, or permit such Aircraft to be operated or located, (i) in any area excluded from coverage by any insurance required by Section 6.05 or (ii) in
any war zone or recognized or, in the Grantor’s judgment, threatened areas of hostilities unless covered by war risk insurance, to the extent war risk insurance is required pursuant to Section 6.05, unless in the case
of either clause (i) or (ii), (x) governmental indemnification in the amount of any insurance that would otherwise be required pursuant to Section 6.05 has been provided or (y) such
Aircraft is only temporarily located in such area as a result of an isolated occurrence or isolated series of occurrences attributable to a hijacking, medical emergency, equipment malfunction, weather conditions, navigational error or other similar
unforeseen circumstances and the Grantor is using its good faith efforts to remove such Aircraft from such area as promptly as practicable. 

(c) Maintenance. The Grantor shall maintain, service, repair and overhaul such Aircraft (or cause the same to be done)
(i) so as to keep such Aircraft in as good operating condition as on the applicable Aircraft Closing Date for such Aircraft, ordinary 

  
 Aircraft Security
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wear and tear excepted, and in such condition as may be necessary to enable the airworthiness certification of such Aircraft to be maintained in good standing at all times (other than during
temporary periods of storage, during maintenance or modification permitted hereunder, or during periods of grounding by applicable governmental authorities) under the Transportation Code, during such periods in which such Aircraft is registered
under the laws of the United States, or, if such Aircraft is registered under the laws of any other jurisdiction, the applicable laws of such jurisdiction and (ii) using the same standards as the Grantor or, in the case of a lease
permitted pursuant to Section 6.01(a), the applicable Permitted Lessee uses with respect to similar aircraft operated by the Grantor or such Permitted Lessee, as the case may be, in similar circumstances (in any case, without limitation of
the Grantor’s obligations under the preceding clause (i)). In any case such Aircraft will be maintained in accordance with a maintenance program for such model of Aircraft, approved by the FAA or, if such Aircraft is not registered in
the United States, (i) the EASA or the JAA, (ii) the central aviation authority of Australia, Canada, Japan or New Zealand, or (iii) the central aviation authority of any country with aircraft maintenance
standards that are substantially similar to those of the United States or any of the foregoing authorities or countries. The Grantor shall maintain or cause to be maintained all records, logs and other documents required to be maintained in respect
of such Aircraft by appropriate authorities in the jurisdiction in which such Aircraft is registered. 
 (d) Identification of
Trustee’s Interest. The Grantor agrees to affix as promptly as practicable after the applicable Aircraft Closing Date for such Aircraft and thereafter to maintain in the cockpit of such Aircraft, in a clearly visible location, and (if not
prevented by applicable law or regulations or by any government) on each such Engine, a nameplate bearing the inscription “MORTGAGED TO [NAME OF TRUSTEE], AS TRUSTEE” (such nameplate to be replaced, if necessary, with a nameplate
reflecting the name of any successor Trustee). If any such nameplate is damaged beyond repair or becomes illegible, the Grantor shall promptly replace it with a nameplate complying with the requirements of this Section. 

(e) Registration. The Grantor shall cause such Aircraft to remain duly registered, under the laws of the United States, in the name of
the Grantor except as otherwise required by the Transportation Code; provided that the Trustee shall, at the Grantor’s expense, execute and deliver all such documents as the Grantor may reasonably request for the purpose of continuing
such registration. Notwithstanding the preceding sentence, the Grantor, at its own expense, may cause or allow such Aircraft to be duly registered under the laws of any foreign jurisdiction in which a Permitted Lessee could be principally based, in
the name of the Grantor or of any nominee of the Grantor, or, if required by applicable law, in the name of any other Person (and, following any such foreign registration, may cause such Aircraft to be
re-registered under the laws of the United States); provided, that in the case of jurisdictions other than those approved by the Trustee, (i) if such jurisdiction is at the time of
registration listed on Exhibit B, the 

  
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Trustee shall have received at the time of such registration an opinion of counsel to the Grantor to the effect that (A) this Aircraft Security Agreement and the Trustee’s right
to repossession hereunder is valid and enforceable under the laws of such country, (B) after giving effect to such change in registration, the Lien of this Aircraft Security Agreement shall continue as a valid Lien and shall be duly
perfected in the new jurisdiction of registration and that all filing, recording or other action necessary to perfect and protect the Lien of this Aircraft Security Agreement has been accomplished (or if such opinion cannot be given at such time,
(x) the opinion shall detail what filing, recording or other action is necessary and (y) the Trustee shall have received a certificate from a Responsible Officer that all possible preparations to accomplish such filing,
recording and other action shall have been done, and such filing, recording and other action shall be accomplished and a supplemental opinion to that effect shall be promptly delivered to the Trustee subsequent to the effective date of such change
in registration), (C) the obligations of the Grantor under this Aircraft Security Agreement shall remain valid, binding and (subject to customary bankruptcy and equitable remedies exceptions and to other exceptions customary in foreign
opinions generally) enforceable under the laws of such jurisdiction (or the laws of the jurisdiction to which the laws of such jurisdiction would refer as the applicable governing law) and (D) all approvals or consents of any government
in such jurisdiction having jurisdiction required for such change in registration shall have been duly obtained and shall be in full force and effect, and (ii) if such jurisdiction is at the time of registration not listed on Exhibit
B, the Trustee shall have received (in addition to the opinions set forth in clause (i) above) at the time of such registration an opinion of counsel to the Grantor to the effect that (A) the terms of this Aircraft
Security Agreement are legal, valid, binding and enforceable in such jurisdiction (subject to exceptions customary in such jurisdiction; provided, that, subject to bankruptcy, insolvency, reorganization, moratorium or similar laws affecting
the rights of creditors generally, and to general principles of equity, any applicable laws limiting the remedies provided in Section 4.01 do not in the opinion of such counsel make the remedies provided in
Section 4.01 inadequate for the practical realization of the rights and benefits provided thereby), (B) that it is not necessary for the Trustee to register or qualify to do business in such jurisdiction,
(C) that there is no tort liability of the lender of an aircraft not in possession thereof under the laws of such jurisdiction other than tort liability that might have been imposed on such lender under the laws of the United States or
any state thereof (it being understood that such opinion shall be waived if insurance reasonably satisfactory to the Trustee is provided, at the Grantor’s expense, to cover such risk) and (D) (unless the Grantor shall have agreed to
provide insurance covering the risk of requisition of use or title of such Aircraft by the government of such jurisdiction so long as such Aircraft is registered under the laws of such jurisdiction) that the laws of such jurisdiction require fair
compensation by the government of such jurisdiction payable in currency freely convertible into Dollars for the loss of use or title of such Aircraft in the event of requisition by such government of such use or title. The Trustee will cooperate
with the Grantor in effecting such foreign registration. Notwithstanding the foregoing, prior to any such change in the country of registry of such Aircraft, the following conditions shall be met (or waived as provided in
Section 8.15): 
 (i) no Event of Default shall have occurred and be continuing at the effective
date of the change in registration; provided, that it shall not be necessary to comply with this condition if the change in registration results in the registration of such Aircraft under the laws of the United States or if the Trustee
consents to such change in registration; 

  
 Aircraft Security
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 (ii) the Trustee shall have received evidence of compliance with
Section 6.05 with respect to such Aircraft (which may be an Officer’s Certificate to the effect that the Grantor has determined that the insurance maintained with respect to such Aircraft so complies); and 

(iii) the Grantor shall have paid or made provision reasonably satisfactory to the Trustee for the payment of all reasonable
expenses (including reasonable attorneys’ fees) of the Trustee in connection with such change in registration. 
 The Grantor shall
(i) take such actions as may be required to be taken by the Grantor so that any International Interest arising in relation to this Aircraft Security Agreement, such Aircraft, any Replacement Aircraft therefor, any such Engine or any
Replacement Engine therefor may be duly registered (and any such registration may be assigned, amended, extended or discharged) at the International Registry, and (ii) obtain from the International Registry all approvals as may be
required duly and timely to perform the Grantor’s obligations under this Aircraft Security Agreement with respect to the registration of any such International Interest. The Trustee shall take all actions necessary with respect to the
International Registry to consent to the Grantor’s initiation of any registrations required under this Aircraft Security Agreement to enable the Grantor to complete such registrations, including, without limitation, registering on the
International Registry as a “transacting user entity” (as defined in the Cape Town Treaty), if not already so registered, and appointing Daugherty, Fowler, Peregrin, Haught & Jenson, a Professional Corporation, as its
“professional user entity” (as defined in the Cape Town Treaty) to consent to any registrations on the International Registry with respect to such Airframe or any such Engine. 

Section 6.02. Inspection. At all reasonable times, but upon at least 15 Business Days’ prior written notice to the Grantor,
the Trustee or its authorized representative may, subject to the other conditions of this Section 6.02, inspect such Aircraft and may inspect the books and records of the Grantor required to be maintained by the FAA or the
government of another jurisdiction in which such Aircraft is then registered relating to the maintenance of such Aircraft; provided that (i) the Trustee or its representative shall be fully insured at no cost to the Grantor in a
manner satisfactory to the Grantor with 

  
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respect to any risks incurred in connection with any such inspection or shall provide to the Grantor a written release satisfactory to the Grantor with respect to such risks, (ii) any
such inspection shall be subject to the safety, security and workplace rules applicable at the location where such inspection is conducted and any applicable governmental rules or regulations, (iii) any such inspection of such Aircraft
shall be a visual, walk-around inspection of the interior and exterior of such Aircraft and shall not include opening any panels, bays or the like without the Grantor’s express consent, which consent the Grantor may in its sole discretion
withhold, and (iv) no exercise of such inspection right shall interfere with the use, operation or maintenance of such Aircraft by, or the business of, the Grantor and the Grantor shall not be required to undertake or incur any
additional liabilities in connection therewith. All information obtained in connection with any such inspection of such Aircraft and of such books and records shall be held confidential by the Trustee and each agent or representative thereof and
shall not be furnished or disclosed by any of them to anyone other than their respective bank examiners, auditors, accountants, agents and legal counsel, and except as may be required by an order of any court or administrative agency or by any
statute, rule, regulation or order of any governmental authority. Any inspection pursuant to this Section 6.02 shall be at the sole risk (including, without limitation, any risk of personal injury or death) and expense of
the Trustee (or its representative), as the case may be, making such inspection. Except during the continuance of an Event of Default, all inspections by the Trustee and its representatives provided for under this
Section 6.02 shall be limited to one inspection of any kind contemplated by this Section 6.02 for all such Aircraft during any calendar year. 

Section 6.03. Replacement and Pooling of Parts; Alterations, Modifications and Additions; Substitution of Engines. 

(a) Replacement of Parts. So long as an Aircraft or Engine is subject to the Lien of this Aircraft Security Agreement, the Grantor, at
its own expense, shall promptly replace all Parts that may from time to time be incorporated or installed in or attached to such Airframe or any such Engine and that may from time to time become worn out, lost, stolen, destroyed, seized,
confiscated, damaged beyond repair or rendered permanently unfit for use for any reason whatsoever, except as otherwise provided in Section 6.03(c) or if such Airframe or any such Engine to which a Part relates has suffered
an Event of Loss. In addition, the Grantor, at its own expense, may remove in the ordinary course of maintenance, service, repair, overhaul or testing, any Parts, whether or not worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond
repair or rendered permanently unfit for use; provided that the Grantor, except as otherwise provided in Section 6.03(c), at its own expense, will replace such Parts as promptly as practicable. All replacement Parts
shall be free and clear of all Liens (except for Permitted Liens and except in the case of replacement property temporarily installed on an emergency basis) and shall have a value and utility at least equal to the Parts replaced, assuming such
replaced Parts were in the condition and repair required to be maintained by the terms hereof. Except as otherwise provided in Section 6.03(c), all Parts at any time removed from such Airframe

  
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or any such Engine shall remain subject to the Lien of this Aircraft Security Agreement no matter where located until such time as such Parts shall be replaced by parts that have been
incorporated or installed in or attached to such Airframe or such Engine and that meet the requirements for replacement Parts specified above. Immediately upon any replacement Part becoming incorporated or installed in or attached to such Airframe
or any such Engine as above provided (except in the case of replacement property temporarily installed on an emergency basis), without further act, (i) the replaced Part shall thereupon be free and clear of the Lien of this Aircraft
Security Agreement and of all rights and interests of the Trustee (and the other beneficiaries hereof) and shall no longer be deemed a Part hereunder and (ii) such replacement Part shall become subject to the Lien of this Aircraft
Security Agreement and be deemed a Part of such Airframe or such Engine for all purposes to the same extent as the Parts originally incorporated or installed in or attached to such Airframe or such Engine. Upon request of the Grantor from time to
time, the Trustee shall execute and deliver to the Grantor an appropriate instrument confirming the release of any such replaced Part from the Lien of this Aircraft Security Agreement. 

(b) Pooling of Parts. Any Part removed from such Airframe or any such Engine as provided in Section 6.03(a)
may be subjected by the Grantor or a Person permitted to be in possession of such Aircraft to a pooling arrangement customary in the airline industry entered into in the ordinary course of the Grantor’s or such Person’s business;
provided that the part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or such Engine in accordance with Section 6.03(a) as promptly as practicable after the removal of
such removed Part. In addition, any replacement Part when incorporated or installed in or attached to such Airframe or any such Engine may be owned by any third party subject to such a pooling arrangement; provided that the Grantor, at its
expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in the Grantor free and clear of all Liens (except Permitted Liens), or (ii) replaces such replacement Part by
incorporating or installing in or attaching to such Airframe or such Engine a further replacement Part in the manner contemplated by Section 6.03(a). 

(c) Alterations, Modifications and Additions. The Grantor will make (or cause to be made) such alterations and modifications in and
additions to such Airframe and each such Engine as may be required from time to time to meet the applicable requirements of the FAA or any applicable government of any other jurisdiction in which such Aircraft may then be registered;
provided that the Grantor may, in good faith, contest the validity or application of any such requirement in any manner that does not involve any material risk of sale, loss or forfeiture of such Aircraft and does not adversely affect
the Trustee’s interest in the Aircraft Collateral. In addition, the Grantor (or any Permitted Lessee), at its own expense, may from time to time add further parts or accessories and make or cause to be made such alterations and modifications in
and additions to such Airframe or any such Engine as the Grantor may deem desirable in the 

  
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proper conduct of its business, including, without limitation, removal (without replacement) of Parts, provided that no such alteration, modification or addition shall materially diminish
the value or utility of such Airframe or such Engine below its value or utility, immediately prior to such alteration, modification or addition, assuming that such Airframe or such Engine was then in the condition required to be maintained by the
terms of this Aircraft Security Agreement, except that the value (but not the utility) of such Airframe or such Engine may be reduced by the value of any such Parts that shall have been removed that the Grantor deems obsolete or no longer suitable
or appropriate for use on such Airframe or such Engine. All Parts incorporated or installed in or attached or added to such Airframe or any such Engine as the result of such alteration, modification or addition shall be free and clear of any Liens,
other than Permitted Liens, and shall, without further act, be subject to the Lien of this Aircraft Security Agreement. Notwithstanding the foregoing, the Grantor (or any Permitted Lessee) may, at any time, remove any Part from such Airframe or any
such Engine if such Part: (i) is in addition to, and not in replacement of or substitution for, any Part originally incorporated or installed in or attached to such Airframe or such Engine at the time of delivery thereof to the Grantor
or any Part in replacement of, or substitution for, any such Part, (ii) is not required to be incorporated or installed in or attached or added to such Airframe or such Engine pursuant to the first sentence of this
Section 6.03(c) or Section 6.01(d) and (iii) can be removed from such Airframe or such Engine without materially diminishing the value or utility required to be maintained by the terms of this Aircraft
Security Agreement that such Airframe or such Engine would have had had such Part never been installed on such Airframe or such Engine. Upon the removal by the Grantor of any Part as permitted by this Section 6.03(c), such
removed Part shall, without further act, be free and clear of the Lien of this Aircraft Security Agreement and of all rights and interests of the Trustee (and the other beneficiaries hereof) and shall no longer be deemed a Part hereunder. Upon
request of the Grantor from time to time, the Trustee shall execute and deliver to the Grantor an appropriate instrument confirming the release of any such removed Part from the Lien of this Aircraft Security Agreement. 

(d) Substitution of Engines. The Grantor shall have the right at its option at any time, on at least 30 days’ prior written notice
to the Trustee, to substitute a Replacement Engine for any such Engine. In such event, and prior to the date of such substitution, the Grantor shall replace such Engine hereunder by complying with the terms of Section 6.04(b) to the same
extent as if an Event of Loss had occurred with respect to such Engine. 
 Section 6.04. Loss, Destruction or Requisition. 

(a) Event of Loss with Respect to Such Airframe. Upon the occurrence of an Event of Loss with respect to such Airframe or such Airframe
and any such Engine then installed thereon, the Grantor shall as promptly as practicable (and, in any event, within 15 days after such occurrence) give the Trustee written notice of such Event of Loss, and,

  
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within 90 days after such Event of Loss, the Grantor may give the Trustee written notice (an “Election Notice”) of its election to substitute, on or before the applicable
Substitution Date (as defined below), as a replacement for such Airframe and its related Engines (whether or not such Engines were affected by such Event of Loss), a Replacement Airframe and Replacement Engines, such Replacement Airframe and
Replacement Engines to be owned by the Grantor free and clear of all Liens (other than Permitted Liens); provided that (i) the Appraised Value of the Replacement Aircraft (of which such Replacement Airframe and Replacement Engines
are part) shall be greater than or equal to the Appraised Value of the Aircraft (of which such Airframe and its related Engines are part); and (ii) the Appraisal used to calculate the Appraised Value of such Replacement Aircraft shall
have been performed by the applicable appraiser no earlier than 45 days prior to the date of such Election Notice. If the Grantor shall not deliver such Election Notice within the time period for such Election Notice specified in the first sentence
of this Section 6.04(a) or shall not perform its obligation to effect such substitution on or prior to such Substitution Date, then at such time such Event of Loss shall constitute a Disposition of Aircraft Collateral that is not a Permitted
Disposition for purposes of Section 6.04 of the Credit Agreement. 
 The “Substitution Date,”
with respect to an Event of Loss, means the Business Day next succeeding the 120th day following the date of occurrence of such Event of Loss. 

If the Grantor elects to substitute a Replacement Airframe (or a Replacement Airframe and one or more Replacement Engines, as the case may be)
pursuant to this Section 6.04(a), the Grantor shall, at its sole expense, not later than the applicable Substitution Date, (A) cause an Aircraft Security Agreement Supplement for such Replacement Airframe and Replacement
Engine(s), if any, to be delivered to the Trustee for execution and, upon such execution, to be filed for recordation pursuant to the Transportation Code or the applicable laws of such other jurisdiction in which the applicable Aircraft may then be
registered, (B) cause the sale of such Replacement Airframe and Replacement Engine(s), if any, to the Grantor (if occurring after February 28, 2006 and if the seller of such Replacement Airframe and Replacement Engine(s), if any, is
“situated in” a country that has ratified the Cape Town Convention) and the International Interest created pursuant to such Aircraft Security Agreement Supplement in favor of the Trustee with respect to such Replacement Airframe and
Replacement Engine(s), if any, each to be registered on the International Registry as a sale or an International Interest, respectively; provided that if the seller of such Replacement Airframe and Replacement Engine(s), if any, is not
situated in a country that has ratified the Cape Town Convention, the Grantor will use its reasonable efforts to cause the seller to register the contract of sale on the International Registry, (C) cause a financing statement or
statements with respect to such Replacement Airframe and Replacement Engine(s), if any, or other requisite documents or instruments to be filed in such place or places as necessary in order to perfect the Trustee’s interest therein in the

  
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United States, or in any other jurisdiction in which the applicable Aircraft may then be registered, (D) furnish the Trustee with an opinion of the Grantor’s counsel (which may
be the Grantor’s General Counsel or such other internal counsel of the Grantor as shall be reasonably satisfactory to the Trustee) addressed to the Trustee to the effect that upon such replacement, such Replacement Airframe and Replacement
Engine(s), if any, will be subject to the Lien of this Aircraft Security Agreement and addressing the matters set forth in clauses (A), (B) and (C), (E) furnish the Trustee with evidence of compliance with
Section 6.05 with respect to such Replacement Airframe and Replacement Engine(s), if any (which may be an Officer’s Certificate to the effect that the Grantor has determined that the insurance maintained with respect
to such Replacement Airframe and Replacement Engine(s), if any, so complies); and (F) furnish the Trustee with a copy of the original bill(s) of sale or, if the bill(s) of sale are unavailable, other evidence of ownership reasonably
satisfactory to the Trustee (which may be a copy of an invoice or purchase order) respecting such Replacement Airframe and Replacement Engine(s), if any. 

In the case of each Replacement Airframe or Replacement Airframe and one or more Replacement Engines subjected to the Lien of this Aircraft
Security Agreement under this Section 6.04(a), promptly upon the recordation of an Aircraft Security Agreement Supplement covering such Replacement Airframe and Replacement Engine(s), if any, pursuant to the Transportation
Code (or pursuant to the applicable law of such other jurisdiction in which such Replacement Airframe and Replacement Engine(s), if any, are registered), the Grantor will cause to be delivered to the Trustee a favorable opinion of the Grantor’s
counsel (which may be the Grantor’s General Counsel or such other internal counsel to the Grantor as shall be reasonably satisfactory to the Trustee) addressed to the Trustee as to the due registration of such Replacement Aircraft and the due
recordation of such Aircraft Security Agreement Supplement or such other requisite documents or instruments, the registration with the International Registry of the sale of such Replacement Airframe and Replacement Engine(s), if any, to the Grantor
(if occurring after February 28, 2006 and if the seller of such Replacement Airframe and Replacement Engine(s), if any, is “situated in” a country that has ratified the Cape Town Convention) and of the International Interests created
pursuant to such Aircraft Security Agreement Supplement with respect to such Replacement Airframe and Replacement Engine(s), if any, and the validity and perfection of the security interest in the applicable Replacement Aircraft granted to the
Trustee under this Aircraft Security Agreement. 
 For all purposes hereof, upon the attachment of the Lien of this Aircraft Security
Agreement thereto, such Replacement Airframe and Replacement Engine(s), if any, shall become part of the Aircraft Collateral, such Replacement Airframe shall be deemed an “Airframe” as defined herein, and each such Replacement Engine shall
be deemed an “Engine” as defined herein. 

  
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 In the event that, after an Event of Loss, (x) the Grantor complies with
Section 6.04 of the Credit Agreement (if such Event of Loss constitutes a Disposition of Aircraft Collateral that is not a Permitted Disposition as provided above) or, (y) if applicable, the Grantor performs the
option set forth in the first sentence of this Section 6.04(a), upon compliance with clauses (A) through (F) of the second preceding paragraph, (i) the Aircraft that suffered such Event of Loss, all proceeds,
the Warranty Rights in respect of such Aircraft and all rights relating to the foregoing shall be free and clear of the Lien of this Aircraft Security Agreement and of all rights and interests of the Trustee (and the other beneficiaries hereof),
(ii) the Trustee shall execute and deliver to the Grantor an appropriate instrument releasing such properties, rights, interests and privileges from the Lien of this Aircraft Security Agreement and assigning to the Grantor all claims against
third Persons for damage to or loss of such Aircraft arising from such Event of Loss, and (iii) the Trustee will take such actions as may be required to be taken by the Trustee to cancel or release any International Interest of the
Trustee registered with the International Registry in relation to such Aircraft with respect to which such Event of Loss occurred. 
 (b)
Event of Loss with Respect to any such Engine. Upon the occurrence of an Event of Loss with respect to any such Engine under circumstances in which there has not occurred an Event of Loss with respect to such Airframe, the Grantor shall give
the Trustee prompt written notice thereof within 15 days after the Grantor has determined that an Event of Loss has occurred with respect to such Engine and shall, within 120 days after the occurrence of such Event of Loss, cause to be subjected to
the Lien of this Aircraft Security Agreement, as replacement for the Engine with respect to which such Event of Loss occurred, a Replacement Engine free and clear of all Liens (other than Permitted Liens). 

Prior to or at the time of any replacement under this Section 6.04(b), the Grantor will (i) cause an
Aircraft Security Agreement Supplement covering such Replacement Engine to be delivered to the Trustee for execution and, upon such execution, to be filed for recordation pursuant to the Transportation Code or the applicable laws of any other
jurisdiction in which such Aircraft may be registered, (ii) furnish the Trustee with a copy of the original bill of sale or, if the bill of sale is unavailable, other evidence of ownership reasonably satisfactory to the Trustee (which
may be a copy of an invoice or purchase order) respecting such Replacement Engine, (iii) cause the sale of such Replacement Engine to the Grantor (if occurring after February 28, 2006 and if the seller of such Replacement Engine is
“situated in” a country that has ratified the Cape Town Convention) and the International Interest created pursuant to such Aircraft Security Agreement Supplement in favor of the Trustee with respect to such Replacement Engine, to be
registered on the International Registry as a sale or an International Interest; provided that if the seller of such Replacement Engine is not situated in a country that has ratified the Cape Town Convention, the Grantor will use its
reasonable efforts to cause the seller to register the contract of sale on the International Registry, (iv) cause a financing statement or statements with respect to such Replacement Engine or other

  
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requisite documents or instruments to be filed in such place or places as necessary in order to perfect the Trustee’s interest therein in the United States, or in such other jurisdiction in
which such Engine may then be registered, (v) furnish the Trustee with an opinion of the Grantor’s counsel (which may be the Grantor’s General Counsel or such other internal counsel to the Grantor as shall be reasonably
satisfactory to the Trustee) addressed to the Trustee to the effect that, upon such replacement, such Replacement Engine will be subject to the Lien of this Aircraft Security Agreement, (vi) furnish the Trustee with a certificate of an
aircraft engineer or appraiser (who may be an employee of the Grantor) certifying that such Replacement Engine has a value and utility (without regard to hours or cycles) at least equal to the Engine so replaced assuming such Engine was in the
condition and repair required by the terms hereof immediately prior to the occurrence of such Event of Loss, and (vii) furnish the Trustee with evidence of compliance with Section 6.05 with respect to such
Replacement Engine (which may be an Officer’s Certificate to the effect that the Grantor has determined that the insurance maintained with respect to such Replacement Engine so complies). In the case of each Replacement Engine subjected to the
Lien of this Aircraft Security Agreement under this Section 6.04(b), promptly upon the recordation of an Aircraft Security Agreement Supplement covering such Replacement Engine pursuant to the Transportation Code (or
pursuant to the applicable law of such other jurisdiction in which such Aircraft is registered), the Grantor will cause to be delivered to the Trustee an opinion of counsel to the Grantor (which may be the Grantor’s General Counsel or such
other internal counsel of the Grantor as shall be reasonably satisfactory to the Trustee) addressed to the Trustee as to the due recordation of such Aircraft Security Agreement Supplement or such other requisite documents or instruments, the
registration with the International Registry of the sale of such Replacement Engine to Grantor (if occurring after February 28, 2006 and if the seller of such Replacement Engine is “situated in” a country that has ratified the Cape
Town Convention) and of the International Interest created pursuant to such Aircraft Security Agreement Supplement with respect to such Replacement Engine, and the validity and perfection of the security interest in the Replacement Engine granted to
the Trustee under this Aircraft Security Agreement. For all purposes hereof, upon the attachment of the Lien of this Aircraft Security Agreement thereto, the Replacement Engine shall become part of the Aircraft Collateral and shall be deemed an
“Engine” as defined herein. Upon compliance with clauses (i) through (vi) of this paragraph, (x) such replaced Engine, any proceeds, the Warranty Rights in respect of such replaced Engine and all rights
relating to any of the foregoing shall be free and clear of the Lien of this Aircraft Security Agreement and of all rights and interests of the Trustee (and the other beneficiaries hereof), (y) the Trustee shall execute and deliver to the
Grantor an appropriate instrument releasing such properties, rights, interests and privileges from the Lien of this Aircraft Security Agreement and assigning to the Grantor all claims against third Persons for damage to or loss of such Engine
arising from the Event of Loss, and (z) the Trustee will take such actions as may be required to be taken by the Trustee to cancel or release any International Interest of the Trustee registered with the International Registry in
relation to the Engines with respect to which such Event of Loss occurred. 

  
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 (c) Requisition for Use by the Government of such Airframe and the Engines Installed
Thereon. In the event of the requisition for use by any government, including, without limitation, pursuant to the CRAF Program, of such Airframe and such Engines or engines installed on such Airframe that does not constitute an Event of Loss,
the Grantor shall promptly notify the Trustee and all of the Grantor’s rights and obligations under this Aircraft Security Agreement with respect to such Airframe and such Engines shall continue to the same extent as if such requisition had not
occurred; provided that, notwithstanding the foregoing, the Grantor’s obligations other than payment obligations shall only continue to the extent feasible. All payments received by the Grantor or the Trustee from such government for
such use of such Airframe and Engines or engines shall be paid over to, or retained by, the Grantor. 
 (d) Requisition for Use by the
Government of any such Engine Not Installed on such Airframe. In the event of the requisition for use by any government of any such Engine not then installed on such Airframe, the Grantor will replace such Engine by complying with the terms of
Section 6.04(b) to the same extent as if an Event of Loss had occurred with respect to such Engine. Upon such replacement, any payments received by the Grantor or the Trustee from such government with respect to such
requisition shall be paid over to, or retained by, the Grantor. 
 (e) Application of Payments During Existence of Event of Default.
Any amount referred to in Section 6.04 that is payable to or retainable by the Grantor shall not be paid to or retained by the Grantor if at the time of such payment or retention an Event of Default shall have occurred and
be continuing, but, subject to any Intercreditor Agreement and any Other Intercreditor Agreement, shall be paid to and held by the Trustee as security for the Obligations. At such time as there shall not be continuing any such Event of Default, such
amount shall be paid to the Grantor. 
 Section 6.05. Insurance. With respect to any Aircraft Collateral, the Grantor will: 

(a) maintain insurance, against such risks, including fire and other risks, as is prudent and customary for United States-based
passenger airlines of similar size insuring similar assets; 
 (b) maintain in full force and effect public liability
insurance against claims for personal injury or death or property damage occurring upon, in, about or in connection with the use of such Aircraft Collateral, in such amounts and with such deductibles as are prudent and customary for United
States-based passenger airlines of similar size insuring against similar risks; and 
 (c) maintain such other insurance or
self-insurance as may be required by applicable law. 

  
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 ARTICLE VII 

CERTAIN COVENANTS 

Section 7.01. Certain Covenants of the Grantor. 

(a) Further Assurances. On and after the date hereof, the Grantor will cause to be done, executed, acknowledged and delivered such
further acts, conveyances and assurances as the Trustee shall reasonably request for accomplishing the purposes of this Aircraft Security Agreement; provided that any instrument or other document so executed by the Grantor will not expand any
obligations or limit any rights of the Grantor in respect of the transactions contemplated by this Aircraft Security Agreement. 
 (b)
Filing and Recordation of this Aircraft Security Agreement; Registration of International Interests. The Grantor, at its own expense, will cause this Aircraft Security Agreement (with each Aircraft Security Supplement covering an Aircraft
being subjected to the Lien of this Aircraft Security Agreement attached) to be promptly filed and recorded, or filed for recording, with the FAA to the extent permitted under the Transportation Code and the rules and regulations of the FAA
thereunder. In addition, on or prior to each Aircraft Closing Date, the Grantor will cause the registration of the International Interests (or Prospective International Interests) created under this Aircraft Security Agreement (as supplemented by
each Aircraft Security Agreement Supplement covering an Aircraft being subjected to the Lien of this Aircraft Security Agreement on such Aircraft Closing Date) to be effected on the International Registry in accordance with the Cape Town Treaty, and
shall, as and to the extent applicable, consent to such registration upon the issuance of a request for such consent by the International Registry. 

(c) Maintenance of Filings. The Grantor, at its expense, will take, or cause to be taken, such action with respect to the due and
timely recording, filing, re-recording and refiling of this Aircraft Security Agreement and any financing statements and any continuation statements or other instruments as are necessary to maintain, so long
as this Aircraft Security Agreement is in effect, the perfection of the security interests created by this Aircraft Security Agreement or will furnish the Trustee timely notice of the necessity of such action, together with such instruments, in
execution form, and such other information as may be required to enable the Trustee to take such action. In addition, with respect to each Aircraft, the Grantor will pay any and all recording, stamp and other similar taxes payable in the United
States, and in any other jurisdiction where such Aircraft is registered, in connection with the execution, delivery, recording, filing, re-recording and refiling of this Aircraft Security Agreement or any such
financing statements or other instruments. The Grantor will notify the Trustee of any change in its jurisdiction of organization (as such term is used in Article 9 of the Uniform Commercial 

  
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Code as in effect in the [State of Delaware]5) promptly after making such change or in any event within the period of time necessary under
applicable law to prevent the lapse of perfection (absent refiling) of financing statements filed under this Aircraft Security Agreement. 

Section 7.02. Certain Covenants of the Trustee. 

(a) Continuing Registration and Re-Registration. The Trustee agrees to execute and deliver, at
the Grantor’s expense, all such documents and consents as the Grantor may reasonably request for the purpose of continuing the registration of any Aircraft at the FAA in the Grantor’s name or for the purpose of registering or maintaining
any registration on the International Registry in respect of such Aircraft. In addition, each of the Trustee agrees, for the benefit of the Grantor, to cooperate with the Grantor in effecting any foreign registration of any such Aircraft pursuant to
Section 6.01(e) hereof; provided that prior to any such change in the country of registry of such Aircraft the conditions set forth in Section 6.01(e) hereof are met to the reasonable satisfaction of, or waived by, the Trustee.

 (b) Quiet Enjoyment. The Trustee agrees, with respect to each Aircraft, that, unless an Event of Default shall have occurred and
be continuing, it shall not (and shall not permit any Affiliate or other Person claiming by, through or under it to) take any action contrary to, or otherwise in any way interfere with or disturb (and then only in accordance with this Aircraft
Security Agreement), the quiet enjoyment of the use and possession of such Aircraft, the related Airframe, any related Engine or any Part thereof by the Grantor or any transferee of any interest in any thereof permitted under this Aircraft Security
Agreement. 
 (c) Cooperation. The Trustee will cooperate with the Grantor in connection with the recording, filing, re-recording and re-filing of this Aircraft Security Agreement and any Aircraft Security Agreement Supplements and any financing statements or other documents as are necessary
to maintain the perfection hereof or otherwise protect the security interests created hereby. 
 Section 7.03. Subjection of
Aircraft to Lien of Aircraft Security Agreement. If the Grantor has elected to subject any Additional Aircraft to the Lien of this Aircraft Security Agreement as Additional Collateral or Qualified Replacement Assets pursuant to the Credit
Agreement, the Grantor shall, at its sole expense (A) cause an Aircraft Security Agreement Supplement describing the airframe and engines that constitute such Additional Aircraft to be delivered to the Trustee for execution and, upon
such execution, to be filed for recordation pursuant to the Transportation Code or the applicable laws of 
  

	5 	Revise bracketed phrase as necessary for the applicable Grantor. 

  
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such other jurisdiction in which such Additional Aircraft may then be registered, (B) cause the sale of such Additional Aircraft to the Grantor (if occurring after February 28,
2006 and if the seller of such Additional Aircraft is “situated in” a country that has ratified the Cape Town Convention) and the International Interest created pursuant to such Aircraft Security Agreement Supplement in favor of the
Trustee with respect to such Additional Aircraft each to be registered on the International Registry as a sale or an International Interest, respectively; provided that if the seller of such Additional Aircraft is not situated in a country
that has ratified the Cape Town Convention, the Grantor will use its reasonable efforts to cause the seller to register the contract of sale on the International Registry, (C) cause a financing statement or statements with respect to
such Additional Aircraft or other requisite documents or instruments to be filed in such place or places as necessary in order to perfect the Trustee’s interest therein in the United States, or in any other jurisdiction in which such Additional
Aircraft may then be registered, (D) furnish the Trustee with an opinion of the Grantor’s counsel (which may be the Grantor’s General Counsel or such other internal counsel of the Grantor as shall be reasonably satisfactory to
the Trustee) addressed to the Trustee to the effect that upon taking the actions described in clauses (A), (B) and (C), such Additional Aircraft will be subject to the Lien of this Aircraft Security Agreement,
(E) furnish the Trustee with evidence of compliance with Section 6.05 with respect to such Additional Aircraft (which may be an Officer’s Certificate to the effect that the Grantor has determined that the
insurance maintained with respect to such Additional Aircraft so complies) and (F) furnish the Trustee with a copy of the original bill(s) of sale or, if the bill(s) of sale are unavailable, other evidence of ownership reasonably
satisfactory to the Trustee (which may be a copy of an invoice or purchase order) respecting the airframe and engine(s) constituting part of such Additional Aircraft. The Trustee shall promptly execute such Aircraft Security Agreement Supplement and
take such other actions reasonably requested by the Grantor to subject such Additional Aircraft to the Lien of this Aircraft Security Agreement. 

In the case of any Additional Aircraft subjected to the Lien of this Aircraft Security Agreement under this
Section 7.03, promptly upon the recordation of an Aircraft Security Agreement Supplement covering such Additional Aircraft pursuant to the Transportation Code (or pursuant to the applicable law of such other jurisdiction in
which such Additional Aircraft is registered), the Grantor will cause to be delivered to the Trustee a favorable opinion of the Grantor’s counsel (which may be the Grantor’s General Counsel or such other internal counsel to the Grantor as
shall be reasonably satisfactory to the Trustee) addressed to the Trustee as to the due registration of such Additional Aircraft and the due recordation of such Aircraft Security Agreement Supplement or such other requisite documents or instruments,
the registration with the International Registry of the sale of such Additional Aircraft to the Grantor (if occurring after February 28, 2006 and if the seller of such Additional Aircraft is “situated in” a country that has ratified
the Cape Town Convention) and of the International Interests created pursuant to such Aircraft Security Agreement Supplement with respect to such Additional Aircraft, and the validity and perfection of the security interest in such Additional
Aircraft granted to the Trustee under this Aircraft Security Agreement. 

  
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 For all purposes hereof, upon the attachment of the Lien of this Aircraft Security Agreement
thereto, such Additional Aircraft shall become part of the Aircraft Collateral, the airframe constituting part of such Additional Aircraft shall be deemed an “Airframe” as defined herein, and each engine constituting part of the Additional
Aircraft shall be deemed an “Engine” as defined herein. 
 Section 7.04. Release of Aircraft from Lien of Aircraft
Security Agreement. Upon the satisfaction of the requirements for the release of any Aircraft from the Lien of this Aircraft Security Agreement pursuant to this Aircraft Security Agreement, (i) such Aircraft, all proceeds, the
Warranty Rights in respect of such Aircraft and all rights relating to the foregoing shall be free and clear of the Lien of this Aircraft Security Agreement and of all rights and interests of the Trustee (and the other beneficiaries hereof), (ii)
the Trustee shall execute and deliver to the Grantor an appropriate instrument releasing such properties, rights, interests and privileges from the Lien of this Aircraft Security Agreement and assigning to the Grantor all claims against third
Persons for damage to or loss of such Aircraft, and (iii) the Trustee will take such actions as may be required to be taken by the Trustee to cancel or release any International Interest of the Trustee registered with the International Registry
in relation to such Aircraft. 
 Section 7.05. Non-Lender Secured Parties. 

(a) Rights to Collateral. 

(i) The Non-Lender Secured Parties shall not have any right whatsoever to do any of the
following: (A) exercise any rights or remedies with respect to the Aircraft Collateral or to direct the Trustee to do the same, including, without limitation, the right to (1) enforce any Liens or sell or otherwise foreclose
on any portion of the Aircraft Collateral, (2) request any action, institute any proceedings, exercise any voting rights, give any instructions, make any election or make collections with respect to all or any portion of the Aircraft
Collateral or (3) release the Grantor under this Aircraft Security Agreement or release any Aircraft Collateral from the Liens of any Collateral Document or consent to or otherwise approve any such release; (B) demand, accept
or obtain any Lien on any Aircraft Collateral (except for Liens arising under, and subject to the terms of, this Aircraft Security Agreement); (C) vote in any New Bankruptcy Case or similar proceeding in respect of Parent or any of its
Subsidiaries (any such proceeding, for purposes of this clause (i), a “Bankruptcy”) with respect to, or take any other actions concerning the Aircraft Collateral; (D) receive any proceeds from any sale, transfer
or other disposition of any of the Aircraft Collateral (except in accordance with this Aircraft Security Agreement); (E) 

  
 Aircraft Security
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oppose any sale, transfer or other disposition of the Aircraft Collateral; (F) object to any
debtor-in-possession financing in any Bankruptcy which is provided by one or more Lenders among others (including on a priming basis under Section 364(d) of the
Bankruptcy Code); (G) object to the use of cash collateral in respect of the Aircraft Collateral in any Bankruptcy; or (H) seek, or object to the Lenders, the Administrative Agent, the Collateral Agent or the Trustee seeking
on an equal and ratable basis, any adequate protection or relief from the automatic stay with respect to the Aircraft Collateral in any Bankruptcy. 

(ii) Each Non-Lender Secured Party, by its acceptance of the benefits of this Aircraft
Security Agreement and the other Collateral Documents, agrees that in exercising rights and remedies with respect to the Aircraft Collateral, the Trustee, the Collateral Agent and the Lenders, with the consent of the Collateral Agent, may enforce
the provisions of the Collateral Documents and exercise remedies thereunder and under any other Loan Documents (or refrain from enforcing rights and exercising remedies), all in such order and in such manner as they may determine in the exercise of
their sole business judgment and subject to the terms of any Intercreditor Agreement and any Other Intercreditor Agreement. Such exercise and enforcement shall include, without limitation, the rights to collect, sell, dispose of or otherwise realize
upon all or any part of the Collateral, to incur expenses in connection with such collection, sale, disposition or other realization and to exercise all the rights and remedies of a secured lender under the UCC. The
Non-Lender Secured Parties by their acceptance of the benefits of this Aircraft Security Agreement and the other Collateral Documents hereby agree not to contest or otherwise challenge any such collection,
sale, disposition or other realization of or upon all or any of the Aircraft Collateral. Whether or not a New Bankruptcy Case has been commenced, the Non-Lender Secured Parties shall be deemed to have
consented to any sale or other disposition of any property, business or assets of Parent or any of its Subsidiaries and the release of any or all of the Aircraft Collateral from the Liens of any Collateral Document in connection therewith. 

(iii) Notwithstanding any provision of this Section 7.05(a), the Non-Lender
Secured Parties shall be entitled, subject to any Intercreditor Agreement and any Other Intercreditor Agreement, to file any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleadings
(A) in order to prevent any Person from seeking to foreclose on the Aircraft Collateral or supersede the Non-Lender Secured Parties’ claim thereto or (B) in opposition to any
motion, claim, adversary proceeding or other pleading made by any Person objecting to or otherwise seeking the disallowance of the claims of the Non-Lender Secured Parties. Each
Non-Lender Secured Party, by its acceptance of the benefits of this Aircraft Security Agreement, agrees to be bound by and to comply with any Intercreditor Agreement and any Other Intercreditor Agreement and
authorizes the Trustee to enter into the Intercreditor Agreements and Other Intercreditor Agreements on its behalf. 
 (iv)
Each Non-Lender Secured Party, by its acceptance of the benefits of this Aircraft Security Agreement, agrees that the Collateral Agent and the Lenders may deal with the Aircraft Collateral, including any
exchange, taking or release of Aircraft Collateral, may change or increase the amount of the Obligations, and may release any Grantor from its Obligations hereunder, all without any liability or obligation (except as may be otherwise expressly
provided herein) to the Non-Lender Secured Parties. 

  
 Aircraft Security
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 J-34 

 (b) Appointment of Agent. Each Non-Lender Secured
Party, by its acceptance of the benefits of this Aircraft Security Agreement and the other Collateral Documents, shall be deemed irrevocably to make, constitute and appoint the Trustee, as agent of the Collateral Agent under the Credit Agreement
(and all officers, employees or agents designated by the Trustee) as such Person’s true and lawful agent and attorney-in-fact, and in such capacity, the Trustee
shall have the right, with power of substitution for the Non-Lender Secured Parties and in each such Person’s name or otherwise, to effectuate any sale, transfer or other disposition of the Aircraft
Collateral. It is understood and agreed that the appointment of the Trustee as the agent and attorney-in-fact of the Non-Lender
Secured Parties for the purposes set forth herein is coupled with an interest and is irrevocable. It is understood and agreed that the Trustee has appointed the Administrative Agent as its agent for purposes of perfecting certain of the security
interests created hereunder and for otherwise carrying out certain of its obligations hereunder. 
 (c) Waiver of Claims. To the
maximum extent permitted by law, each Non-Lender Secured Party waives any claim it might have against the Trustee, the Collateral Agent or the Lenders with respect to, or arising out of, any action or failure
to act or any error of judgment, negligence, or mistake or oversight whatsoever on the part of the Trustee, the Collateral Agent or the Lenders or their respective directors, officers, employees or agents with respect to any exercise of rights or
remedies under the Loan Documents or any transaction relating to the Aircraft Collateral (including, without limitation, any such exercise described in Section 7.05(a)(ii)), except for any such action or failure to act that constitutes
willful misconduct or gross negligence of such Person. To the maximum extent permitted by applicable law, none of the Trustee, the Collateral Agent or any Lender or any of their respective directors, officers, employees or agents shall be liable for
failure to demand, collect or realize upon any of the Aircraft Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Aircraft Collateral upon the request of Parent, any Subsidiary of Parent, any
Non-Lender Secured Party or any other Person or to take any other action or forbear from doing so whatsoever with regard to the Aircraft Collateral or any part thereof, except for any such action or failure to
act that constitutes willful misconduct or gross negligence of such Person. 

  
 Aircraft Security
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 ARTICLE VIII 

MISCELLANEOUS 

Section 8.01. Termination of this Aircraft Security Agreement. Subject to Section 6.03,
Section 6.04 and Section 7.04 (and without in any way limiting provisions regarding any release of the Lien of this Aircraft Security Agreement contained in such
Section 6.03, Section 6.04 and Section 7.04, as applicable): 

(a) At such time as the Obligations (other than any Obligations owing to a Non-Lender Secured Party)
then due and owing shall have been paid in full, the Commitments under the Credit Agreement have been terminated and no Letters of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized or otherwise provided for
in a manner reasonably satisfactory to the Administrative Agent), all Aircraft Collateral shall be released from the Liens created hereby, and this Aircraft Security Agreement and all obligations (other than those expressly stated to survive such
termination) of the Trustee and the Grantor shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Aircraft Collateral shall revert to the Grantor. At the request and sole expense of the
Grantor following any such termination, the Trustee shall execute, acknowledge and deliver to the Grantor such releases, instruments or other documents and do or cause to be done all other acts, as the Grantor shall reasonably request to evidence
such termination. 
 (b) Upon any Permitted Disposition of Aircraft Collateral (whether by way of the sale of Aircraft Collateral or the sale
of Capital Stock of the Grantor of such Aircraft Collateral) permitted by the Credit Agreement, the Lien pursuant to this Aircraft Security Agreement on the Aircraft Collateral subject to such sale or other disposition (or in the case of a sale of
Capital Stock of the Grantor, the Grantor’s Aircraft Collateral) shall be automatically released. In connection with any other Disposition of Aircraft Collateral (whether by way of the sale of Aircraft Collateral or the sale of Capital Stock of
the Grantor of such Aircraft Collateral) permitted under the Credit Agreement, the Trustee shall, upon receipt from the Grantor of a written request for the release of the Aircraft Collateral subject to such sale or other disposition (or in the case
of a sale of Capital Stock of the Grantor, the release of the Grantor’s Aircraft Collateral), at the Grantor’s sole cost and expense, execute, acknowledge and deliver to the Grantor such releases, instruments or other documents, and do or
cause to be done all other acts, as the Grantor shall reasonably request to evidence or effect the release of the Liens created hereby (if any) on such Aircraft Collateral. 

  
 Aircraft Security
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 Section 8.02. No Legal Title to Aircraft Collateral in the Secured Parties. No holder
of any Obligation shall have legal title to any part of the Aircraft Collateral. No transfer, by operation of law or otherwise, of any Obligations or other right, title and interest of any Secured Party in and to the Aircraft Collateral or hereunder
shall operate to terminate this Aircraft Security Agreement or entitle such holder or any successor or transferee of such holder to an accounting or to the transfer to it of any legal title to any part of the Aircraft Collateral. 

Section 8.03. Sale by the Trustee Is Binding. Any sale or other conveyance of any Aircraft, the related Airframe, any related
Engine or any interest therein by the Trustee made pursuant to the terms of this Aircraft Security Agreement shall bind the Secured Parties and the Grantor and shall be effective to transfer or convey all right, title and interest of the Trustee,
the Grantor and such Secured Parties in and to such Aircraft, Airframe, Engine or interest therein. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such sale or conveyance or
as to the application of any sale or other proceeds with respect thereto by the Trustee or the other Secured Parties. 
 Section 8.04.
This Aircraft Security Agreement for the Benefit of the Grantor, the Trustee, the Collateral Agent and the Secured Parties. Nothing in this Aircraft Security Agreement, whether express or implied, shall be construed to give any Person other
than the Grantor, the Trustee, the Collateral Agent and the other Secured Parties any legal or equitable right, remedy or claim under or in respect of this Aircraft Security Agreement, except that the Persons referred to in the second to last full
paragraph of Section 6.01(a) shall be third party beneficiaries of such paragraph. 
 Section 8.05. Notices. 

(a) Except in the case of notices and other communications expressly permitted to be given by telephone (and subject to paragraph
(b) below), all notices and other communications provided for herein shall be in writing (including by facsimile or electronic mail), and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by
facsimile, as follows: 
 (i) if to the Grantor, to it at [    ], Facsimile No.:
[    ], email: [    ]; in each case Attention: [    ]; with copies (which shall not constitute notice) to: [    ], facsimile: [    ]; Attention:
[    ]; and 
 (ii) if to the Trustee, to it at [Name of Trustee],
[                ], Facsimile No.: [    ]; email:[    ]; in each case Attention: [    ]. 

(b) The Trustee or the Grantor may, in its reasonable discretion, agree to accept notices and other communications to it hereunder by
electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. 

(c) Any party hereto may change its address or facsimile number for notices and other communications hereunder by notice to the other parties
hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Aircraft Security Agreement shall be deemed to have been given on the date of receipt. 

  
 Aircraft Security
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 J-37 

 Section 8.06. Severability of Provisions. To the extent permitted by applicable law,
any provision of this Aircraft Security Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the
validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

Section 8.07. No Oral Modification or Continuing Waivers. Subject to Section 10.08 of the Credit
Agreement, no terms or provisions of this Aircraft Security Agreement may be changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the Grantor and the Trustee. Any waiver of the terms hereof shall be
effective only in the specific instance and for the specific purpose given. 
 Section 8.08. Successors and Assigns. This
Aircraft Security Agreement shall be binding upon the Grantor and its successors and assigns and shall inure to the benefit of the Trustee, the Collateral Agent and each Secured Party and their respective successors and permitted assigns;
provided that the Grantor may not transfer or assign any or all of its rights or obligations hereunder without the prior written consent of the Trustee, unless otherwise permitted by the applicable Loan Documents. All agreements, statements,
representations and warranties made by the Grantor herein or in any certificate or other instrument delivered by the Grantor or on its behalf under this Aircraft Security Agreement shall be considered to have been relied upon by the Secured Parties
and shall survive the execution and delivery of this Aircraft Security Agreement and the other Loan Documents regardless of any investigation made by the Trustee, the Collateral Agent or the Secured Parties or on their behalf. 

Section 8.09. Headings. Section headings used herein are for convenience only and are not to affect the construction or be taken
into consideration in interpreting this Aircraft Security Agreement. 
 Section 8.10. Normal Commercial Relations. Anything
contained in this Aircraft Security Agreement to the contrary notwithstanding, the Trustee, any other Secured Party or any of their affiliates may conduct any banking or other financial transactions, and

  
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have banking or other commercial relationships, with the Grantor, fully to the same extent as if this Aircraft Security Agreement were not in effect, including without limitation the making of
loans or other extensions of credit to the Grantor for any purpose whatsoever, whether related to any of the transactions contemplated hereby or otherwise. 

Section 8.11. The Grantor’s Performance and Rights. Any obligation imposed on the Grantor herein shall require
only that the Grantor perform or cause to be performed such obligation, even if stated as a direct obligation, and the performance of any such obligation by any permitted assignee, lessee or transferee under an assignment, lease or transfer
agreement then in effect and in accordance with the provisions of this Aircraft Security Agreement shall constitute performance by the Grantor and, to the extent of such performance, discharge such obligation by the Grantor. Except as otherwise
expressly provided herein, any right granted to the Grantor in this Aircraft Security Agreement shall grant the Grantor the right to permit such right to be exercised by any such assignee, lessee or transferee, and, in the case of a lessee, as if
the terms hereof were applicable to such lessee were such lessee the Grantor hereunder. The inclusion of specific references to obligations or rights of any such assignee, lessee or transferee in certain provisions of this Aircraft Security
Agreement shall not in any way prevent or diminish the application of the provisions of the two sentences immediately preceding with respect to obligations or rights in respect of which specific reference to any such assignee, lessee or transferee
has not been made in this Aircraft Security Agreement. 
 Section 8.12. Execution in Counterparts. This Aircraft Security
Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. 

Section 8.13. Governing Law. THIS AIRCRAFT SECURITY AGREEMENT HAS BEEN DELIVERED IN THE STATE OF NEW YORK AND THIS AIRCRAFT
SECURITY AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AIRCRAFT SECURITY AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF
CONFLICT OF LAWS, TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

Section 8.14. Consent to Jurisdiction and Service of Process. 

(a) Each party hereto hereby irrevocably and unconditionally submits, for itself and its property in any legal action or proceeding relating
to this Aircraft Security Agreement and the other Loan Documents to which it is a party, to the exclusive 

  
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jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York and appellate courts from either
of them on and after the Plan Effective Date, and, prior to the Plan Effective Date, of the United States Bankruptcy Court for the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or
relating to this Aircraft Security Agreement, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State court or, to
the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall, to the extent permitted by law, be conclusive and may be enforced in other jurisdictions by suit on
the judgment or in any other manner provided by law. 
 (b) Each party hereto hereby irrevocably and unconditionally waives, to the fullest
extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Aircraft Security Agreement in any court referred to in
Section 8.14(a). Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(c) Each party hereto hereby irrevocably and unconditionally consents to service of process in the manner provided for notices in
Section 8.05. Nothing in this Aircraft Security Agreement will affect the right of any party to this Aircraft Security Agreement to serve process in any other manner permitted by law. 

Section 8.15. Amendments, Etc. This Aircraft Security Agreement may not be amended, modified or waived except with the written
consent of the Grantor and the Trustee (who shall act pursuant to and in accordance with the terms of Section 10.08 of the Credit Agreement); provided that unless separately agreed in writing between the Grantor and any Non-Lender Secured Party, no such waiver and no such amendment or modification shall amend, modify or waive Section 3.01(a) (or the definition of “Non-Lender
Secured Party” or “Secured Party” to the extent relating thereto) if such waiver, amendment, or modification would directly and adversely affect a Non-Lender Secured Party without the written
consent of such affected Non-Lender Secured Party. Any amendment, modification or supplement of or to any provision of this Aircraft Security Agreement, any termination or waiver of any provision of this
Aircraft Security Agreement and any consent to any departure by the Grantor from the terms of any provision of this Aircraft Security Agreement shall be effective only in the specific instance and for the specific purpose for which made or given. No
notice to or demand upon the Grantor in any instance hereunder shall entitle the Grantor to any other or further notice or demand in similar or other circumstances. For the avoidance of doubt, it is understood and agreed that any amendment,
amendment and restatement, waiver, 

  
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supplement or other modification of or to any Intercreditor Agreement or any Other Intercreditor Agreement that would have the effect, directly or indirectly, through any reference herein to any
Intercreditor Agreement or any Other Intercreditor Agreement or otherwise, of waiving, amending, supplementing or otherwise modifying this Aircraft Security Agreement, or any term or provision hereof, or any right or obligation of the Grantor
hereunder or in respect hereof, shall not be given such effect except pursuant to a written instrument executed by the Grantor and the Trustee in accordance with this Section 8.15. 

[Signature Pages Follow.] 

  
 Aircraft Security
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 J-41 

 IN WITNESS WHEREOF, the parties hereto have caused this Aircraft Security Agreement to be duly
executed by their respective officers thereof duly authorized, as of the date first above written. 
  

			
	[NAME OF GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

  
 Aircraft Security
Agreement 
 Signature Page 

 
			
	[NAME OF TRUSTEE], as Trustee
		
	By:	 	  

		 	Name:
		 	Title:

  
 Aircraft Security
Agreement 
 Signature Page 

 EXHIBIT A to 

AIRCRAFT SECURITY AGREEMENT 

FORM OF AIRCRAFT SECURITY AGREEMENT SUPPLEMENT 

AIRCRAFT SECURITY AGREEMENT SUPPLEMENT NO.     

AIRCRAFT SECURITY AGREEMENT SUPPLEMENT NO.     , dated         ,
         (“Aircraft Security Agreement Supplement”), between [NAME OF GRANTOR] (the “Grantor”) and [NAME OF TRUSTEE], as Trustee under the Aircraft Security Agreement (each as
hereinafter defined). 
 W I T N E S S E T H: 

WHEREAS, the Aircraft Security Agreement, dated as of             , 20  
(the “Aircraft Security Agreement”; capitalized terms used herein without definition shall have the meanings specified therefor in Annex A to the Aircraft Security Agreement), between the Grantor and [Name of Trustee], as security
trustee (the “Trustee”), provides for the execution and delivery of supplements thereto substantially in the form hereof which shall particularly describe an Aircraft, and shall specifically grant a security interest in such
Aircraft to the Trustee. 
 [WHEREAS, the Aircraft Security Agreement relates to the Airframes and Engines described in Annex A attached
hereto and made a part hereof, and a counterpart of the Aircraft Security Agreement Supplement is attached to and made a part of this Aircraft Security Agreement;]1 

[WHEREAS, the Grantor has, as provided in the Aircraft Security Agreement, heretofore executed and delivered to the Trustee Aircraft Security
Agreement Supplement(s) for the purpose of specifically subjecting to the Lien of the Aircraft Security Agreement certain airframes and/or engines therein described, which Aircraft Security Agreement Supplement(s) is/are dated and has/have been duly
recorded with the FAA as set forth below, to wit: 
  

					
	 Date
	  	 Recordation Date
	  	 Conveyance No.]2

		  		  	
		  		  	
		  		  	

  

	1 	Use for Aircraft Security Agreement Supplement No. 1 only. 

	2 	Use for all Aircraft Security Agreement Supplements other than Aircraft Security Agreement Supplement No. 1. 

  
 Aircraft Security
Agreement 
  

 NOW, THEREFORE, to secure all of the Obligations, and in consideration of the premises, the
mutual agreements set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Grantor hereby pledges, grants and creates a security interest and mortgage in favor of the Trustee for
its benefit and the benefit of the other Secured Parties in all estate, right, title and interest of the Grantor in, to and under the Aircraft, including the Airframe[s] and Engines described in Annex A attached hereto, whether or not any such
Engine may from time to time be installed on [any][the][the related Airframe, any other] Airframe or any other airframe or any other aircraft, and any and all Parts relating thereto, and, to the extent provided in the Aircraft Security Agreement,
all substitutions and replacements of, and additions, improvements, accessions and accumulations to, [the][each such] Aircraft, including the Airframe, the Engines and any and all Parts (in each case other than any substitutions, replacements,
additions, improvements, accessions and accumulations that constitute items excluded from the definition of Parts by clauses (b), (c) and (d) thereof) relating thereto; 

TO HAVE AND TO HOLD all and singular the aforesaid property unto the Trustee, and its successors and permitted assigns, in trust for its
benefit and the benefit of other Secured Parties, except as otherwise provided in the Aircraft Security Agreement, and for the uses and purposes and subject to the terms and provisions set forth in the Aircraft Security Agreement. 

This Aircraft Security Agreement Supplement shall be construed as supplemental to the Aircraft Security Agreement and shall form a part
thereof, and the Aircraft Security Agreement is hereby incorporated by reference herein and is hereby ratified, approved and confirmed. 

THIS AIRCRAFT SECURITY AGREEMENT SUPPLEMENT HAS BEEN DELIVERED IN THE STATE OF NEW YORK AND THIS AIRCRAFT SECURITY AGREEMENT SUPPLEMENT AND
THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AIRCRAFT SECURITY AGREEMENT SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF
LAWS, TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

[Signature Pages Follow.] 

  
 Aircraft Security
Agreement 
 2 

 IN WITNESS WHEREOF, the undersigned have caused this Aircraft Security Agreement Supplement No.
     to be duly executed by their respective duly authorized officers, on the date first above written. 
  

			
	[NAME OF GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[NAME OF TRUSTEE], as Trustee
		
	By:	 	  

		 	Name:
		 	Title:

  
 Aircraft Security
Agreement 
 Signature Page 

 Annex A to 

Aircraft Security Agreement Supplement No.      

DESCRIPTION OF AIRFRAME[S] AND ENGINES 

AIRFRAME 
  

									
	 Manufacturer
	  	 Model
	  	 Generic

Manufacturer

and Model
	  	 FAA

Registration

No.
	  	 Manufacturer’s

Serial No.

ENGINES 
  

							
	 Manufacturer
	  	 Model
	  	 Generic

Manufacturer and

Model
	  	 Manufacturer’s

Serial Nos.

Each Engine has 550 or more rated takeoff horsepower or the equivalent of such horsepower and is a jet propulsion aircraft engine having at least 1750 pounds
of thrust or the equivalent of such thrust. 

  
 Aircraft Security
Agreement 
  

 EXHIBIT B to 

AIRCRAFT SECURITY AGREEMENT 

LIST OF PERMITTED COUNTRIES 
  

			
	Australia*	  	Japan*
	Austria*	  	Kuwait
	Bahamas	  	Liechtenstein*
	Barbados	  	Luxembourg*
	Belgium	  	Malaysia
	Bermuda Islands	  	Mexico
	Brazil	  	Monaco*
	British Virgin Islands	  	the Netherlands*
	Canada*	  	Netherlands Antilles
	Cayman Islands	  	New Zealand*
	Chile	  	Norway*
	Czech Republic	  	Peoples’ Republic of China
	Denmark*	  	Poland
	Ecuador	  	Portugal
	Finland*	  	Republic of China (Taiwan)
	France*	  	Singapore
	Germany*	  	South Africa
	Greece	  	South Korea
	Hong Kong	  	Spain
	Hungary	  	Sweden*
	Iceland*	  	Switzerland*
	India	  	Thailand
	Ireland*	  	Trinidad and Tobago
	Italy	  	United Kingdom*
	Jamaica	  	

  

	*	Country of domicile for a manufacturer (or its Affiliate) referred to in Section 6.01(a)(ix). 

 Annex A to 

AIRCRAFT SECURITY AGREEMENT 

DEFINITIONS 

“Additional Agent” shall have the meaning specified in the Intercreditor Agreement. 

“Additional Aircraft” shall mean any aircraft that the Grantor has elected to subject to the Lien of the Aircraft Security
Agreement as Additional Collateral or Qualified Replacement Assets, other than the initial Aircraft so subjected or any Replacement Aircraft. 

“Additional Collateral” shall have the meaning specified in the Credit Agreement. 

“Additional Collateral Documents” shall have the meaning specified in the Intercreditor Agreement. 

“Additional Credit Facility Secured Parties” shall have the meaning specified in the Intercreditor Agreement. 

“Additional Obligations” shall have the meaning specified in the Intercreditor Agreement. 

“Administrative Agent” shall have the meaning specified in the Credit Agreement. 

“Affiliate” shall have the meaning specified in the Credit Agreement. 

“Aircraft” shall mean each Airframe (or any Replacement Airframe substituted for such Airframe pursuant to
Section 6.04 of the Aircraft Security Agreement or any airframe constituting part of an Additional Aircraft that has been subjected to the Lien of the Aircraft Security Agreement pursuant to
Section 7.03 of the Aircraft Security Agreement) together with the two related Engines described in Annex A to the Aircraft Security Agreement Supplement originally executed and delivered under the Aircraft Security
Agreement relating to such Airframe or Replacement Airframe (or any Replacement Engine that may from time to time be substituted for any of such Engines pursuant to Section 6.03 or Section 6.04 of
the Aircraft Security Agreement or any engines subjected to the Lien of the Aircraft Security Agreement in connection with an Additional Aircraft that has been subjected to the Lien of the Aircraft Security Agreement pursuant to
Section 7.03 of the Aircraft Security Agreement)), whether or not any of such initial or substituted Engines may from time to time be installed on such Airframe or Replacement Airframe or any other airframe or aircraft. The
term “Aircraft” shall include any Replacement Aircraft or Additional Aircraft that has been subjected to the Lien of the Aircraft Security Agreement pursuant to Section 7.03 of the Aircraft Security
Agreement. The term “Aircraft” shall not include any Aircraft after the Lien of the Aircraft Security Agreement shall have been terminated with respect thereto. 

  
 Aircraft Security
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 “Aircraft Closing Date” shall mean with respect to any aircraft, the date such
aircraft is subjected to the Lien of the Aircraft Security Agreement. 
 “Aircraft Collateral” shall have the meaning
specified in the granting clause of the Aircraft Security Agreement. 
 “Aircraft Protocol” shall mean the official English
language text of the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment, adopted on November 16, 2001, at a diplomatic conference in Cape Town, South Africa, and all amendments,
supplements, and revisions thereto (and from and after the effective date of the Cape Town Treaty in the relevant country, means when referring to the Aircraft Protocol with respect to that country, the Aircraft Protocol as in effect in such
country, unless otherwise indicated). 
 “Aircraft Security Agreement” shall mean the Aircraft Security Agreement, dated as
of [●], between the Grantor and the Trustee acting on behalf of the Collateral Agent, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms, including supplementation by an Aircraft
Security Agreement Supplement pursuant to the Aircraft Security Agreement. 
 “Aircraft Security Agreement Supplement”
shall mean a supplement to the Aircraft Security Agreement executed and delivered thereunder, substantially in the form of Exhibit A to the Aircraft Security Agreement, which shall describe any Aircraft and any Replacement Airframe and/or
Replacement Engine included in the property subject to the Lien of the Aircraft Security Agreement. 
 “Airframe” shall
mean (a) each airframe further described in Annex A to an Aircraft Security Agreement Supplement originally executed and delivered in respect of such airframe under the Aircraft Security Agreement (except (i) the
related Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (ii) items installed or incorporated in or attached to such aircraft from time to time that are excluded from the
definition of Parts by clauses (b), (c) and (d) thereof) and (b) any and all related Parts. The term “Airframe” shall include any Replacement Airframe that may from time to time be substituted
for any Airframe pursuant to Section 6.04 of the Aircraft Security Agreement or any airframe subjected to the Lien of the Aircraft Security Agreement in connection with an Additional Aircraft that has been subjected to the
Lien of the Aircraft Security Agreement pursuant to Section 7.03 of the Aircraft Security Agreement. At such time as a Replacement Airframe shall be so substituted and the Airframe for which such substitution is made shall
be released from the Lien of the Aircraft Security Agreement, such replaced Airframe shall cease to be an Airframe under the Aircraft Security Agreement. The term “Airframe” shall not include any Airframe after the Lien of the
Aircraft Security Agreement shall have been terminated with respect thereto. 

  
 Aircraft Security
Agreement 
 2 

 “Appraisal” shall have the meaning specified in the Credit Agreement. 

“Appraised Value” shall have the meaning specified in the Credit Agreement. 

“Banking Product Provider” shall mean any Person that has entered into a Designated Banking Product Agreement with Parent or
the Grantor. 
 “Bankruptcy Case” shall mean (a) pursuant to or within the meaning of Bankruptcy Law,
(i) a voluntary case commenced by Parent or any of its Subsidiaries, (ii) an involuntary case in which Parent or any of its Subsidiaries consent to the entry of an order for relief against it, (iii) an appointment
consented to by Parent or any of its Subsidiaries of a custodian of it or for all or substantially all of its property, (iv) the making of a general assignment for the benefit of its creditors by Parent or any of its Subsidiaries or
(v) the admission in writing of Parent’s or any of its Subsidiaries’ inability generally to pay its debts or (b) an order or decree under any Bankruptcy Law entered by a court of competent jurisdiction that
(i) is for relief against Parent or any of its Subsidiaries in an involuntary case, (ii) appoints a custodian of Parent or any of its Subsidiaries for all or substantially all of the property of Parent or any of its
Subsidiaries, (iii) orders the liquidation of Parent or any of its Subsidiaries, and in each case of this clause (b) the order or decree remains unstayed and in effect for 60 consecutive days. 

“Bankruptcy Code” shall mean the United States Bankruptcy Code, 11 United States Code §§101 et seq., as
amended, or any successor statutes thereto. 
 “Business Day” shall have the meaning specified in the Credit Agreement.

 “Cape Town Convention” shall mean the official English language text of the Convention on International Interests in
Mobile Equipment, adopted on November 16, 2001, at a diplomatic conference in Cape Town, South Africa, and all amendments, supplements, and revisions thereto (and from and after the effective date of the Cape Town Treaty in the relevant
country, means when referring to the Cape Town Convention with respect to that country, the Cape Town Convention as in effect in such country, unless otherwise indicated). 

“Cape Town Treaty” shall mean, collectively, the official English language text of (a) the Convention on
International Interests in Mobile Equipment, and (b) the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment, in each case adopted on November 16, 2001, at a diplomatic
conference in Cape Town, South Africa, and from and after the effective date of the Cape Town Treaty in the relevant country, means when referring to the Cape Town Treaty with respect to that country, the Cape Town Treaty as in effect in such
country, unless otherwise indicated, and (c) all rules and regulations adopted pursuant thereto and, in the case of each of the foregoing described in clauses (a) through (c), all amendments, supplements, and revisions
thereto. 

  
 Aircraft Security
Agreement 
 3 

 “Capital Stock” shall have the meaning specified in the Credit Agreement. 

“Certificated Air Carrier” shall mean an air carrier holding an air carrier operating certificate issued by the Secretary of
Transportation pursuant to Chapter 447 of Title 49 of the United States Code for aircraft capable of carrying ten or more individuals or 6,000 pounds or more of cargo. 

“Citizen of the United States” shall have the meaning specified for such term in Section 40102(a)(15) of Title 49 of the
United States Code or any similar legislation of the United States enacted in substitution or replacement therefor. 
 “Collateral
Agent” shall have the meaning specified in the Credit Agreement. 
 “Collateral Documents” shall have the meaning
specified in the Credit Agreement. 
 “Commitments” shall have the meaning specified in the Credit Agreement. 

“Compulsory Acquisition” shall mean requisition of title or other compulsory acquisition, capture, seizure, deprivation,
confiscation or detention for any reason of an Aircraft or the related Airframe or any related Engine by any government that results in the loss of title or use of such Aircraft, such Airframe or any such Engine by the Grantor (or any Permitted
Lessee) for a period in excess of 180 consecutive days, but shall exclude requisition for use not involving requisition of title. 

“CRAF Program” shall mean the Civil Reserve Air Fleet Program authorized under 10 U.S.C. Section 9511 et
seq. or any similar or substitute program under the laws of the United States. 
 “Credit Agreement” shall have the
meaning specified in the recitals to the Aircraft Security Agreement. 
 “Department of Transportation” shall mean the
United States Department of Transportation and any agency or instrumentality of the United States government succeeding to its functions. 

“Designated Banking Product Agreement” shall have the meaning provided in the Credit Agreement. 

“Designated Hedging Agreement” shall have the meaning provided in the Credit Agreement. 

  
 Aircraft Security
Agreement 
 4 

 “Discharge of Additional Obligations” shall have the meaning specified in the
Intercreditor Agreement. 
 “Disposition” shall have the meaning specified in the Credit Agreement. 

“Dollars” and “$”shall mean the lawful currency of the United States. 

“EASA” shall mean the European Aviation Safety Agency of the European Union and any successor agency. 

“Election Notice” shall have the meaning specified in Section 6.04(a) of the Aircraft Security Agreement. 

“Engine” shall mean, with respect to any Aircraft, (a) each of the two engines listed by manufacturer’s
serial number and further described in Annex A to the applicable Aircraft Security Agreement Supplement originally executed and delivered under the Aircraft Security Agreement, whether or not from time to time installed on the related
Airframe or installed on any other airframe or on any other aircraft, and (b) any Replacement Engine that may from time to time be substituted for an Engine pursuant to Section 6.03 or 6.04 of the
Aircraft Security Agreement or any engines subjected to the Lien of the Aircraft Security Agreement in connection with an Additional Aircraft that has been subjected to the Lien of the Aircraft Security Agreement pursuant to
Section 7.03 of the Aircraft Security Agreement; together in each case with any and all related Parts, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from
the definition of Parts. At such time as a Replacement Engine shall be so substituted and the Engine for which substitution is made shall be released from the Lien of the Aircraft Security Agreement, such replaced Engine shall cease to be an Engine
under the Aircraft Security Agreement. The term “Engine” shall not include any Engine after the Lien of the Aircraft Security Agreement shall have been terminated with respect thereto. 

“Event of Default” shall have the meaning specified in the Credit Agreement. 

“Event of Loss” shall mean, as of any date of determination, with respect to any Aircraft, Airframe or Engine, any of the
following events with respect to such property: 
  

	(a)	the loss of such property or of the use thereof due to destruction, damage beyond repair or rendition of such property permanently unfit for normal use for any reason whatsoever; 

 

	(b)	any damage to such property which results in an insurance settlement with respect to such property on the basis of a total loss, a compromised total loss or a constructive total loss; 

  
 Aircraft Security
Agreement 
 5 

	(c)	the theft, hijacking or disappearance of such property for a period in excess of 180 consecutive days; 

  

	(d)	the requisition for use of such property by any government (other than a requisition for use by a Government or the government of the country of registry of the Aircraft) that shall have resulted in the loss of
possession of such property by the Grantor (or any Permitted Lessee) for a period in excess of 12 consecutive months; 

  

	(e)	any Compulsory Acquisition; 

  

	(f)	as a result of any law, rule, regulation, order or other action by the FAA or other government of the country of registry, the use of such Aircraft or Airframe in the normal business of air transportation shall have
been prohibited by virtue of a condition affecting all aircraft of the same type for a period of 18 consecutive months, unless the Grantor shall be diligently carrying forward all steps that are necessary or desirable to permit the normal use of
such Aircraft or Airframe or, in any event, if such use shall have been prohibited for a period of three consecutive years; and 

  

	(g)	with respect to any such Engine only, any divestiture of title to or interest in such Engine or any event with respect to such Engine that is deemed to be an Event of Loss with respect to such Engine pursuant to
Section 6.01(a)(vii) or Section 6.04(d) of the Aircraft Security Agreement. 

 An Event of Loss with respect to an Aircraft
shall be deemed to have occurred if an Event of Loss occurs with respect to the related Airframe unless the Grantor elects to substitute a Replacement Airframe pursuant to Section 6.04(a) of the Aircraft Security Agreement. 

“FAA” shall mean the United States Federal Aviation Administration and any agency or instrumentality of the United States
government succeeding to its functions. 
 “Government” shall mean the government of any of Canada, France, Germany, Japan,
The Netherlands, Sweden, Switzerland, the United Kingdom or the United States and any instrumentality or agency thereof. 

“Grantor” shall have the meaning specified in the preamble to the Aircraft Security Agreement 

“Hedging Provider” shall mean any Person that has entered into a Designated Hedging Agreement with Parent or the Grantor.

 “Indebtedness” shall have the meaning specified in the Credit Agreement. 

  
 6 

 “Intercreditor Agreement” shall have the meaning specified in the Credit
Agreement. 
 “International Interest” shall have the meaning ascribed to the defined term “international
interest” under the Cape Town Treaty. 
 “International Registry” shall mean the international registry established
pursuant to the Cape Town Treaty. 
 “JAA” shall mean the Joint Aviation Authorities and any successor authority. 

“Lease” shall mean any lease permitted by the terms of Section 6.01(a) of the Aircraft Security Agreement. 

“Lender” shall have the meaning specified in the recitals of the Credit Agreement. 

“Letters of Credit” shall have the meaning specified in the Credit Agreement. 

“Lien” shall have the meaning specified in the Credit Agreement. 

“Loan Documents” shall have the meaning specified in the Credit Agreement. 

“Non-Lender Secured Parties” shall mean, collectively, all Banking Product Providers
and Hedging Providers and their respective successors, assigns and transferees. For the avoidance of doubt, “Non-Lender Secured Parties” shall exclude Banking Product Providers and Hedging Providers
in their capacities as Lenders, if applicable. 
 “Obligations” shall have the meaning specified in the Credit Agreement.
For the avoidance of doubt, “Obligations” does not include any Indebtedness or other obligations under any Pari Passu Notes (as defined in the Credit Agreement). 

“Officer’s Certificate” shall have the meaning specified in the Credit Agreement. 

“Other Intercreditor Agreement” shall have the meaning specified in the Credit Agreement. 

“Parent” shall have the meaning specified in the recitals to the Aircraft Security Agreement. 

“Parts” shall mean, with respect to any Aircraft or the related Airframe or any related Engine, as applicable, any and all
appliances, parts, instruments, appurtenances, accessories, furnishings and other equipment of whatever nature (other than (a) any such complete Engines or engines, (b) any items leased by the Grantor or any Permitted Lessee,
(c) cargo containers and (d) components or systems installed on or affixed to 

  
 7 

 
such Airframe that are used to provide individual telecommunications or electronic entertainment to passengers aboard such Aircraft) so long as the same shall be incorporated or installed in or
attached to such Airframe or such Engine or so long as the same shall be subject to the Lien of the Aircraft Security Agreement in accordance with the terms of Section 6.03 thereof after removal from such Airframe or such
Engine. 
 “Permitted Disposition” shall have the meaning specified in the Credit Agreement. 

“Permitted Lessee” shall mean any Person to whom the Grantor is permitted to lease any Airframe or any Engine pursuant to
Section 6.01(a) of the Aircraft Security Agreement. 
 “Permitted Liens” shall have the meaning specified in the
Credit Agreement. 
 “Person” shall have the meaning specified in the Credit Agreement. 

“Prospective International Interest” shall have the meaning ascribed to the defined term “prospective international
interest” under the Cape Town Treaty. 
 “Qualified Replacement Assets” shall have the meaning specified in the Credit
Agreement. 
 “Replacement Aircraft” shall mean an Aircraft of which a Replacement Airframe is part. 

“Replacement Airframe” shall mean, with respect to any Aircraft to be replaced pursuant to Section 6.04(a) of the
Aircraft Security Agreement, an aircraft of the same make and model as such Aircraft or a comparable or improved model of the manufacturer of such Aircraft (except (a) Engines or engines from time to time installed thereon and any and
all Parts related to such Engine or engines and (b) items installed or incorporated in or attached to such airframe from time to time that are excluded from the definition of Parts by clauses (b), (c) and
(d) thereof), that shall have been made subject to the Lien of the Aircraft Security Agreement pursuant to Section 6.04 thereof, together with all Parts relating to such aircraft. 

“Replacement Engine” shall mean, with respect to any Engine to be replaced pursuant to Section 6.03(d), Section
6.04(a) or Section 6.04(b) of the Aircraft Security Agreement, an engine of the same make and model as such Engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and
use on the related Airframe with the other related Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Aircraft Security Agreement pursuant to
Section 6.03 or Section 6.04 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are
excluded from the definition of Parts. 

  
 8 

 “Responsible Officer” shall have the meaning specified in the Credit Agreement.

 “Secured Parties” shall have the meaning specified in the Credit Agreement. 

“Senior Priority Obligations” shall have the meaning specified in the Intercreditor Agreement. 

“Senior Priority Representative” shall have the meaning specified in the Intercreditor Agreement. 

“Subsidiary” shall have the meaning specified in the Credit Agreement. 

“Substitution Date” shall have the meaning specified in Section 6.04(a) of the Aircraft Security Agreement. 

“Taxes” shall have the meaning specified in the Credit Agreement. 

“Transportation Code” shall mean that portion of Title 49 of the United States Code comprising those provisions formerly
referred to as the Federal Aviation Act of 1958, as amended, or any subsequent legislation that amends, supplements or supersedes such provisions. 

“Trustee” shall have the meaning specified in the preamble to the Aircraft Security Agreement. 

“UCC” shall mean the Uniform Commercial Code as in effect in any applicable jurisdiction. 

“United States” shall mean the United States of America. 

“Warranty Rights” shall mean, with respect to any Aircraft, the rights of the Grantor under any warranty or indemnity,
express or implied, regarding title, materials, workmanship, design and patent infringement, or related matters in respect of such Aircraft, in each case to the extent that: (a) such rights relate to such Aircraft (and not to any other
properties or assets), (b) such rights are assignable at no additional expense to the Grantor, and (c) such assignment does not require the consent of any Person and does not violate any contract or agreement binding upon the
Grantor relating to such rights. 

  
 9 

  

 
 EXHIBIT K TO 

CREDIT AND GUARANTY AGREEMENT 

[Form of] 
 SPARE ENGINE
SECURITY AGREEMENT 
 Dated as of [•], 20[•] 

between 
 [NAME OF GRANTOR] 

and 
 CITIBANK, N.A., 

not in its individual capacity, except as expressly stated herein, but solely as Trustee 

 
  

Spare Engine Security Agreement 
  

 

 Table of Contents 

 

					
	 	  	 	  	Page
	
	Article I1
	
	DEFINITIONS
	Section 1.01.	  	Definitions	  	K-5
	Section 1.02.	  	Other Definitional Provisions	  	K-5
		
	Article II	  	
		
	REPRESENTATIONS AND WARRANTIES, ETC.	  	
			
	Section 2.01.	  	Representations and Warranties of the Grantor	  	K-6
		
	Article III	  	
		
	CERTAIN PAYMENTS	  	
	Section 3.01.	  	Payments After Event of Default	  	K-8
		
	Article IV	  	
		
	REMEDIES OF TRUSTEE	  	
	Section 4.01.	  	Remedies	  	K-9
	Section 4.02.	  	Remedies Cumulative	  	K-12
	Section 4.03.	  	Discontinuance of Proceedings	  	K-12
		
	Article V	  	
		
	THE TRUSTEE	  	
	Section 5.01.	  	Trustee May Perform	  	K-12
	Section 5.02.	  	The Trustee	  	K-13
		
	Article VI	  	
		
	OPERATING COVENANTS OF THE GRANTOR	  	
			
	Section 6.01.	  	Possession, Operation and Use, Maintenance and Registration	  	K-13
	Section 6.02.	  	Inspection	  	K-17

  

	1 	Table of Contents to be updated. 

 Spare Engine Security Agreement 

  
 i 

 

 Table of Contents 

(continued) 
  

					
	 	  	 	  	 Page

	 Section 6.03.
	  	 Replacement and Pooling of Parts; Alterations, Modifications and Additions; Substitution of
Spare Engines
	  	K-18
	 Section 6.04.
	  	 Loss, Destruction or Requisition
	  	K-20
	 Section 6.05.
	  	 Insurance
	  	K-23
		
	Article VII	  	 
		
	CERTAIN COVENANTS	  	 
			
	 Section 7.01.
	  	 Certain Covenants of the Grantor
	  	K-23
	 Section 7.02.
	  	 Certain Covenants of the Trustee
	  	K-24
	 Section 7.03.
	  	 Subjection of Spare Engine to Lien of Spare Engine Security Agreement
	  	K-24
	 Section 7.04.
	  	 Release of Spare Engine from Lien of Spare Engine Security Agreement
	  	K-26
	 Section 7.05.
	  	 Non-Lender Secured Parties
	  	K-26
		
	Article VIII	  	 
		
	MISCELLANEOUS	  	 
			
	 Section 8.01.
	  	 Termination of this Spare Engine Security Agreement
	  	K-29
	 Section 8.02.
	  	 No Legal Title to Spare Engine Collateral in the Secured Parties
	  	K-30
	 Section 8.03.
	  	 Sale by the Trustee Is Binding
	  	K-30
	 Section 8.04.
	  	 This Spare Engine Security Agreement for the Benefit of the Grantor, the Trustee, the
Collateral Agent and the Secured Parties
	  	K-30
	 Section 8.05.
	  	 Notices
	  	K-30
	 Section 8.06.
	  	 Severability of Provisions
	  	K-31
	 Section 8.07.
	  	 No Oral Modification or Continuing Waivers
	  	K-31
	 Section 8.08.
	  	 Successors and Assigns
	  	K-31
	 Section 8.09.
	  	 Headings
	  	K-31
	 Section 8.10.
	  	 Normal Commercial Relations
	  	K-32
	 Section 8.11.
	  	 The Grantor’s Performance and Rights
	  	K-32
	 Section 8.12.
	  	 Execution in Counterparts
	  	K-32
	 Section 8.13.
	  	 Governing Law
	  	K-32
	 Section 8.14.
	  	 Consent to Jurisdiction and Service of Process
	  	K-33
	 Section 8.15.
	  	 Amendments, Etc.
	  	K-33
		
	 Schedule 1
	  	Schedule of Spare Engines
		
	 Exhibit A
	  	— Form of Spare Engine Security Agreement Supplement
	Exhibit B	  	— List of Permitted Countries
		
	Annex A	  	— Definitions

 Spare Engine Security Agreement 

  
 ii 

 SPARE ENGINE SECURITY AGREEMENT 

SPARE ENGINE SECURITY AGREEMENT, dated as of [•], 20[•] (as amended, modified or supplemented from time to time, the “Spare
Engine Security Agreement”), between [NAME OF GRANTOR], a [Delaware corporation]1 (together with its permitted successors and assigns, the “Grantor”) and CITIBANK, N.A.,
as security trustee (together with its successors and permitted assigns, the “Trustee”), for its benefit and the benefit of the other Secured Parties. Except as otherwise defined herein, terms used herein and defined in the Credit
Agreement (as defined below) shall be used herein as therein defined. 
 W I T N E S S
E T H: 
 WHEREAS, [the Grantor] [American Airlines, Inc. (“American”)]2 and the Collateral Agent are parties to that certain Credit and Guaranty Agreement, dated as of December 15, 2016 (as may be amended, restated, amended and restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), by and among [the Grantor] [American]3, American Airlines Group Inc. (“Parent”), as guarantor party thereto,
the other guarantors from time to time party thereto, the lenders from time to time party thereto (collectively, the “Lenders”), the Collateral Agent, and the Administrative Agent; 

WHEREAS, the Grantor has agreed to grant a continuing Lien on the Spare Engine Collateral (as defined below) to the Trustee for the benefit of
the Secured Parties to secure the Obligations; and 
 WHEREAS, the Collateral Agent and one or more Additional Agents may in the future
enter into one or more Intercreditor Agreements and/or Other Intercreditor Agreements; 
 GRANTING CLAUSE 

NOW, THEREFORE, to secure all of the Obligations, and in consideration of the premises, the mutual agreements set forth herein and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Grantor hereby pledges, grants and creates a security interest and mortgage in favor of the Trustee for the benefit of the Collateral Agent and for the
benefit of the other Secured Parties in all estate, right, title and interest of the Grantor in, to and under, all and singular, the following described properties, rights, interests and privileges, whether now owned or hereafter acquired and
whether real or personal and whether tangible or intangible (the “Spare Engine Collateral”): 
  

 

	1 	Revise bracketed phrase as necessary for the applicable Grantor. 

	2 	Use second alternative if American is not the Grantor 

	3 	Use second alternative if American is not the Grantor 

 Spare Engine Security Agreement 

  
 K-1 

 (1) each Spare Engine, whether or not any such Spare Engine may from time to time be installed on any airframe or
any aircraft, and any and all Parts relating thereto, and, to the extent provided herein, all substitutions and replacements of, and additions, improvements, accessions and accumulations to, each such Spare Engine and any and all Parts (in each case
other than any substitutions, replacements, additions, improvements, accessions and accumulations that constitute items excluded from the definition of Parts by clauses (b), (c) and (d) thereof) relating thereto (each
such Spare Engine as more particularly described on Schedule I hereto as such Schedule may be amended or modified in the applicable Spare Engine Security Agreement Supplement executed and delivered with respect to the applicable Spare Engine on the
applicable Spare Engine Closing Date for such Spare Engine or with respect to any substitutions or replacements therefor), and together with all records, logs, manuals, maintenance data and inspection, modification and overhaul records at any time
required to be maintained with respect to such Spare Engine in accordance with the rules and regulations of the FAA; 
 (2) the Warranty Rights relating to
each Spare Engine, together with all rights, powers, privileges, options and other benefits of the Grantor under the same; 
 (3) all rents, revenues and
other proceeds collected by the Trustee pursuant to Section 4.01(a), all moneys and securities from time to time paid or deposited or required to be paid or deposited to or with the Trustee by or for the account of the Grantor pursuant to any
term of this Spare Engine Security Agreement and held or required to be held by the Trustee hereunder; and 
 (4) all proceeds of the foregoing; 

PROVIDED, HOWEVER, that notwithstanding any of the foregoing provisions, so long as no Event of Default shall have occurred and be continuing,
the Grantor shall have the right, to the exclusion of the Trustee, (i) to quiet enjoyment of each Spare Engine and Part, and to possess, use, retain and control each Spare Engine and Part and all revenues, income and profits derived
therefrom and (ii) with respect to any Warranty Rights relating to any Spare Engine, to exercise in the Grantor’s name all rights and powers of the Grantor with respect to such Warranty Rights and to retain any recovery or benefit
resulting from the enforcement of any warranty or indemnity or other obligation under such Warranty Rights; provided, further, that notwithstanding the occurrence and continuation of an Event of Default, the Trustee shall not enter
into any amendment or modification of any engine purchase or other agreement relating to the Warranty Rights that would alter the rights, benefits or obligations of the Grantor thereunder; 

Spare Engine Security Agreement 

  
 K-2 

 TO HAVE AND TO HOLD all and singular the aforesaid property unto the Trustee, and its successors
and permitted assigns, in trust for its benefit and the benefit of the other Secured Parties, except as otherwise provided in this Spare Engine Security Agreement, and for the uses and purposes and in all cases and as to all property specified in
paragraphs (1) through (4) inclusive above, subject to the terms and provisions set forth in this Spare Engine Security Agreement. 

It is expressly agreed that notwithstanding anything herein to the contrary, the Grantor shall remain liable under each engine purchase or
other agreement in respect of any Warranty Rights to perform all of its obligations thereunder, and, except to the extent expressly provided in this Spare Engine Security Agreement, the Trustee shall not be required or obligated in any manner to
perform or fulfill any obligations of the Grantor under or pursuant to this Spare Engine Security Agreement, or to have any obligation or liability under any engine purchase or other agreement in respect of any Warranty Rights by reason of or
arising out of the assignment hereunder, or to make any inquiry as to the nature or sufficiency of any payment received by it, or present or file any claim or take any action to collect or enforce the payment of any amount that may have been
assigned to it or to which it may be entitled at any time or times. 
 Notwithstanding anything herein to the contrary (but without in any
way releasing the Grantor from any of its duties or obligations under any engine purchase or other agreement in respect of Warranty Rights), the Trustee confirms for the benefit of each manufacturer of any Spare Engine that in exercising any rights
under the Warranty Rights relating to such Spare Engine, or in making any claim with respect to any such Spare Engine or other goods and services delivered or to be delivered pursuant to the related engine purchase or other agreement for such Spare
Engine, the terms and conditions of such engine purchase or other agreement relating to such Warranty Rights, including, without limitation, any warranty disclaimer provisions for the benefit of such manufacturer, shall apply to and be binding upon
the Trustee to the same extent as the Grantor. Subject to any Intercreditor Agreement and any Other Intercreditor Agreement, the Grantor hereby directs each manufacturer of any Spare Engine, so long as an Event of Default shall have occurred and be
continuing, to pay all amounts, if any, payable to the Grantor pursuant to the Warranty Rights relating to such Spare Engine directly to the Trustee to be held and applied as provided herein. Nothing contained herein shall subject any manufacturer
of any Spare Engine to any liability to which it would not otherwise be subject under any engine purchase or other agreement relating thereto or modify in any respect the contract rights of such manufacturer thereunder. 

Notwithstanding anything herein to the contrary, it is the understanding of the parties hereto that the Liens granted pursuant to this Spare
Engine Security Agreement shall, prior to the Discharge of Additional Obligations that are Senior Priority Obligations, be pari passu and equal in priority to the Liens granted to any Additional Agent for the benefit of the holders of the applicable
Additional Obligations that are Senior Priority Obligations to secure such Additional Obligations that are Senior Priority Obligations pursuant to the applicable Additional Collateral Documents (except as may 

Spare Engine Security Agreement 

  
 K-3 

 
be separately otherwise agreed between the Trustee, on behalf of itself and the Secured Parties, and any Additional Agent, on behalf of itself and the Additional Credit Facility Secured Parties
represented thereby). The Trustee acknowledges and agrees that the relative priority of the Liens granted to the Trustee, the Collateral Agent, the Administrative Agent and any Additional Agent shall be determined solely (as between the parties to
such Intercreditor Agreement or Other Intercreditor Agreement and except as otherwise provided therein) pursuant to the applicable Intercreditor Agreements and Other Intercreditor Agreements, and not by priority as a matter of law or otherwise.
Notwithstanding anything herein to the contrary, the Liens granted to the Trustee pursuant to this Spare Engine Security Agreement and the exercise of any right or remedy by the Trustee hereunder are subject to the provisions of the applicable
Intercreditor Agreements and Other Intercreditor Agreements. In the event of any conflict between the terms of any Intercreditor Agreement or any Other Intercreditor Agreement and this Spare Engine Security Agreement, the terms of such Intercreditor
Agreement or Other Intercreditor Agreement, as applicable, shall govern and control as among (i) the Trustee, the Collateral Agent and any Additional Agent, in the case of the Intercreditor Agreement, and (ii) the Trustee,
the Collateral Agent and any other secured creditor (or agent therefor) party thereto, in the case of any Other Intercreditor Agreement. In the event of any such conflict, the Grantor may act (or omit to act) in accordance with such Intercreditor
Agreement or such Other Intercreditor Agreement, as applicable, and shall not be in breach, violation or default of its obligations hereunder by reason of doing so. Notwithstanding any other provision hereof, for so long as any Additional
Obligations that are Senior Priority Obligations remain outstanding, any obligation hereunder to deliver, transfer or assign to the Collateral Agent any Collateral shall be satisfied by causing such Collateral to be delivered, transferred or
assigned to the applicable Senior Priority Representative to be held in accordance with the Intercreditor Agreement. 
 Subject to the terms
and conditions hereof, the Grantor does hereby irrevocably constitute the Trustee, on behalf of the Collateral Agent and the other Secured Parties, the true and lawful attorney of the Grantor (which appointment is coupled with an interest) with full
power (in the name of the Grantor or otherwise) to ask for, require, demand and receive any and all monies and claims for monies (in each case including insurance and requisition proceeds) due and to become due to the Grantor under or arising out of
any engine purchase or other agreement (to the extent assigned hereby as part of the Warranty Rights), and all other property which now or hereafter constitutes part of the Spare Engine Collateral, to endorse any checks or other instruments or
orders in connection therewith and to file any claims or to take any action or to institute any proceedings which the Trustee may deem to be necessary or advisable in the premises; provided that the Trustee shall not exercise any such rights
except (i) as permitted by each applicable Intercreditor Agreement and Other Intercreditor Agreement and (ii) during the continuance of an Event of Default. 

Spare Engine Security Agreement 

  
 K-4 

 The Grantor does hereby warrant and represent that it has not sold, assigned or pledged, and
hereby covenants and agrees that it will not sell, assign or pledge, so long as this Spare Engine Security Agreement shall remain in effect and the Lien hereof shall not have been released pursuant to the provisions hereof, any of its estate, right,
title or interest hereby assigned, to any Person other than the Trustee, except as otherwise provided in or permitted by the Credit Agreement, any Intercreditor Agreement and any Other Intercreditor Agreement. 

The Grantor agrees that at any time and from time to time, upon the written request of the Trustee, the Grantor shall promptly and duly
execute and deliver or cause to be duly executed and delivered any and all such further instruments and documents as the Trustee may reasonably deem necessary to perfect, preserve or protect the mortgage, security interests and assignments created
or intended to be created hereby or to obtain for the Trustee the full benefit of the assignment hereunder and of the rights and powers herein granted; provided that any instrument or other document so executed by the Grantor will not expand
any obligations or limit any rights of the Grantor in respect of the transactions contemplated by this Spare Engine Security Agreement. 

IT IS HEREBY COVENANTED AND AGREED by and between the parties hereto as follows: 

ARTICLE I 
 DEFINITIONS 

Section 1.01. Definitions and Rules of Interpretation. For all purposes of this Spare Engine Security Agreement, unless the
context otherwise requires, capitalized terms used but not defined herein have the respective meanings set forth in Appendix A hereto, or if not defined in Appendix A, the meanings set forth in the Credit Agreement. The parties to this Spare Engine
Security Agreement agree that the rules of interpretation set out in Section 1.02 of the Credit Agreement shall apply to this Spare Engine Security Agreement mutatis mutandis as if set out in this Spare Engine Security Agreement. 

ARTICLE II 
 REPRESENTATIONS AND
WARRANTIES, ETC. 
 Section 2.01. Representations and Warranties of the Grantor. As of the date hereof, with respect to each
Spare Engine subjected to the Lien of this Spare Engine Security Agreement on such date, the Grantor represents and warrants that: 
 Spare
Engine Security Agreement 

  
 K-5 

 (a) Organization; Authority; Qualification. The Grantor is a [corporation]
duly [incorporated] and validly existing in good standing under the laws of [the State of Delaware]4, is a Certificated Air Carrier, is a Citizen of the United States, has the corporate power and
authority to own or hold under lease its properties and to enter into and perform its obligations under this Spare Engine Security Agreement and any Spare Engine Security Agreement Supplement describing such Spare Engine and is duly qualified to do
business as a foreign corporation in good standing in each other jurisdiction in which the failure to so qualify would have a material adverse effect on the consolidated financial condition of American Airlines Group Inc. and its subsidiaries,
considered as a whole, and its jurisdiction of organization (as such term is used in Article 9 of the Uniform Commercial Code as in effect in the state of [Delaware]) is [Delaware]. 

(b) [Corporate] Action and Authorization; No Violations. The execution, delivery and performance by the Grantor of this
Spare Engine Security Agreement and any Spare Engine Security Agreement Supplement describing such Spare Engine have been duly authorized by all necessary [corporate] action on the part of the Grantor, do not require any [stockholder] approval or
approval or consent of any trustee or holder of any indebtedness or obligations of the Grantor, except such [[stockholder] approval or approval or consent] as have been duly obtained and are in full force and effect, and do not contravene any law,
governmental rule, regulation, judgment or order binding on the Grantor or the [certificate of incorporation or by-laws] of the Grantor or contravene or result in a breach of, or constitute a default under, or
result in the creation of any Lien (other than as permitted under this Spare Engine Security Agreement, the Credit Agreement, any Intercreditor Agreement or Other Intercreditor Agreement) upon the property of the Grantor under, any material
indenture, mortgage, contract or other agreement to which the Grantor is a party or by which it or any of its properties may be bound or affected. 

(c) Governmental Approvals. Neither the execution and delivery by the Grantor of this Spare Engine Security Agreement or
any Spare Engine Security Agreement Supplement describing such Spare Engine, nor the consummation by the Grantor of any of the transactions contemplated hereby or thereby, requires the authorization, consent or approval of, the giving of notice to,
the filing or registration with or the taking of any other action in respect of, the Department of Transportation, the FAA or any other federal or state governmental authority or agency, or the International Registry, except for (i) the
orders, permits, waivers, exemptions, authorizations and approvals of the regulatory authorities having jurisdiction over the Grantor’s ownership or use of such Spare 
  

 

	4 	Revise bracketed phrases in Section 2.01 as necessary for applicable Grantor. 

 Spare Engine
Security Agreement 

  
 K-6 

 
Engine required to be obtained on or prior to such date, which orders, permits, waivers, exemptions, authorizations and approvals have been duly obtained and are, or on such date will be, in full
force and effect, (ii) the filings referred to in Section 2.01(e), (iii) authorizations, consents, approvals, notices and filings required to be obtained, taken, given or made under securities or Blue Sky or similar
laws of the various states and foreign jurisdictions, and (iv) consents, approvals, notices, registrations and other actions required to be obtained, given, made or taken only after such date. 

(d) Valid and Binding Agreements. This Spare Engine Security Agreement and any Spare Engine Security Agreement
Supplement describing such Spare Engine have been duly executed and delivered by the Grantor and constitute the legal, valid and binding obligations of the Grantor enforceable against the Grantor in accordance with their terms, except as the same
may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the rights of creditors generally and by general principles of equity and except as limited by applicable laws that may affect the remedies provided
in this Spare Engine Security Agreement, which laws, however, do not make the remedies provided in this Spare Engine Security Agreement inadequate for the practical realization of the rights and benefits intended to be provided thereby. 

(e) Filings and Recordation. Except for (i) the filing for recordation pursuant to the Transportation Code of this
Spare Engine Security Agreement (with any Spare Engine Security Agreement Supplement describing such Spare Engine attached), (ii) with respect to the security interests created by this Spare Engine Security Agreement and any Spare Engine Security
Agreement Supplement describing such Spare Engine, the filing of financing statements (and continuation statements at periodic intervals) under the Uniform Commercial Code of [the State of Delaware] and (iii) the registration on the
International Registry of the International Interests (or Prospective International Interests) created under this Spare Engine Security Agreement (as supplemented by any Spare Engine Security Supplement describing such Spare Engine), no further
filing or recording of any document is necessary or advisable under the laws of the United States or any state thereof as of such date in order to establish and perfect the security interest in such Spare Engine created under this Spare Engine
Security Agreement in favor of the Trustee as against the Grantor and any third parties in any applicable jurisdiction in the United States. 

(f) Title. The Grantor has good title to such Spare Engine, free and clear of Liens other than Permitted Liens. This
Spare Engine Security Agreement (with any Spare Engine Security Agreement Supplement describing such Spare Engine attached) has been duly filed for recordation (or shall be in the process of being so duly filed for recordation) with the FAA pursuant
to the Transportation Code. 
 Spare Engine Security Agreement 

  
 K-7 

 (g) Security Interest. Subject to any Intercreditor Agreement and any
Other Intercreditor Agreement, this Spare Engine Security Agreement creates in favor of the Trustee, for its benefit and the benefit of the other Secured Parties, a valid and perfected Lien on such Spare Engine, subject to no Lien, except Permitted
Liens. There are no Liens of record with the FAA on such Spare Engine on the date hereof other than the Lien of this Spare Engine Security Agreement and any Permitted Liens. Other than (x) the International Interests (or Prospective
International Interests) created under this Spare Engine Security Agreement (as supplemented by any Spare Engine Security Agreement Supplement describing such Spare Engine), (y) any International Interests (or Prospective International Interests)
that appear on the International Registry as having been discharged and (z) any Permitted Liens, no International Interests with respect to such Spare Engine have been registered on the International Registry as of the date hereof. 

ARTICLE III 
 CERTAIN PAYMENTS

 Section 3.01. Payments After Event of Default. 

(a) Any cash held by the Trustee as Spare Engine Collateral and all cash proceeds received by the Trustee in respect of any sale of, collection
from, or other realization upon all or any part of the Spare Engine Collateral pursuant to the exercise by the Trustee of its remedies as a secured creditor as provided in Section 4.01 of this Spare Engine Security
Agreement shall, subject to any Intercreditor Agreement and any Other Intercreditor Agreement, be applied from time to time by the Trustee in accordance with the terms of the Credit Agreement. 

(b) It is understood that, to the extent permitted by applicable law, the Grantor shall remain liable to the extent of any deficiency between
the amount of the proceeds of the Spare Engine Collateral and the aggregate amount of the outstanding Obligations. 
 Spare Engine Security
Agreement 

  
 K-8 

 ARTICLE IV 

REMEDIES OF TRUSTEE 

Section 4.01. Remedies. 

(a) General. If an Event of Default shall have occurred and be continuing and so long as the same shall continue
unremedied, then and in every such case the Trustee may do one or more of the following to the extent permitted by, and subject to compliance with the requirements of, (i) any Intercreditor Agreement and any Other Intercreditor Agreement
and (ii) applicable law then in effect (provided that during any period any Spare Engine is subject to the CRAF Program and is in possession of or being operated under the direction of the United States government or an agency or
instrumentality of the United States, the Trustee shall not, on account of any Event of Default, be entitled to exercise or pursue any of the powers, rights or remedies described in this Section 4.01 in such manner as to
limit the Grantor’s control under this Spare Engine Security Agreement (or any Permitted Lessee’s control under any Lease) of such Spare Engine, unless at least 60 days’ (or such lesser period as may then be applicable under the CRAF
Program of the United States government) prior written notice of default hereunder shall have been given by the Trustee by registered or certified mail to the Grantor (and any such Permitted Lessee) with a copy addressed to the Contracting Office
Representative or other appropriate person for the Air Mobility Command of the United States Air Force under any contract with the Grantor or such Permitted Lessee relating to the applicable Spare Engine): 

(i) cause the Grantor, upon the written demand of the Trustee, at the Grantor’s expense, to deliver promptly, and the
Grantor shall deliver promptly, all or such part of any Spare Engine as the Trustee may so demand to the Trustee or its order, or, if the Grantor shall have failed to so deliver any such Spare Engine after such demand, the Trustee, at its option,
may enter upon the premises where all or any part of any such Spare Engine are located and take immediate possession, subject to all of the rights of the owner, lessor, lienor or secured party of any related airframe on which any Spare Engine may be
installed; 
 (ii) sell all or any part of any Spare Engine at public or private sale, whether or not the Trustee shall at
the time have possession thereof, as the Trustee may determine, or otherwise dispose of, hold, use, operate, lease to others (including the Grantor) or keep idle all or any part of any such Airframe or any such Spare Engine as the Trustee, in its
sole discretion, determines, all free and clear of any rights or claims of the Grantor, and, subject to any Intercreditor Agreement and any Other Intercreditor Agreement, the proceeds of such sale or disposition shall be distributed as set forth in
the Credit Agreement; or 
 (iii) exercise any other remedy of a secured party under the Uniform Commercial Code of the State
of New York (whether or not in effect in the jurisdiction in which enforcement is sought); 
 provided that, notwithstanding anything to the contrary
set forth herein or in any other Loan Document, (i) as permitted by Article 15 of the Cape Town Convention, the provisions of Chapter III of the Cape Town Convention are hereby excluded and made inapplicable to this Spare Engine Security
Agreement and the other Loan 
 Spare Engine Security Agreement 

  
 K-9 

 
Documents, except for those provisions of such Chapter III that cannot be derogated from; and (ii) as permitted by Article IV(3) of the Aircraft Protocol, the provisions of Chapter II
of the Aircraft Protocol are hereby excluded and made inapplicable to this Spare Engine Security Agreement and the other Loan Documents, except for (x) Article XVI of the Aircraft Protocol and (y) those provisions of such
Chapter II that cannot be derogated from. In furtherance of the foregoing, the parties hereto agree that the exercise of remedies hereunder and under the other Loan Documents is subject to other applicable law, including without limitation, the
Uniform Commercial Code (as in effect in the State of New York) and the Bankruptcy Code, and that nothing herein derogates from the rights of the Grantor or the Trustee under or pursuant to such other applicable law, including without limitation,
the Uniform Commercial Code (as in effect in the State of New York) or the Bankruptcy Code. 
 Upon every such taking of possession of any
of the Spare Engine Collateral under this Section 4.01, the Trustee may, from time to time, at the expense of the Spare Engine Collateral, make all such expenditures for maintenance, insurance, repairs, alterations,
additions and improvements to and of the Spare Engine Collateral as it deems necessary to cause the Spare Engine Collateral to be in such condition as required by the provisions of this Spare Engine Security Agreement. In each such case, subject to
any Intercreditor Agreement and any Other Intercreditor Agreement, the Trustee may maintain, use, operate, store, insure, lease, control, manage or dispose of the Spare Engine Collateral and may exercise all rights and powers of the Grantor relating
to the Spare Engine Collateral as the Trustee reasonably deems best, including the right to enter into any and all such agreements with respect to the maintenance, use, operation, storage, insurance, leasing, control, management or disposition of
the Spare Engine Collateral or any part thereof as the Trustee may reasonably determine; and the Trustee shall be entitled to collect and receive directly all tolls, rents, revenues, issues, income, products and profits of the Spare Engine
Collateral and every part thereof, without prejudice, however, to the rights of the Trustee under any provision of this Spare Engine Security Agreement to collect and receive all cash held by, or required to be deposited with, the Trustee hereunder.
Subject to any Intercreditor Agreement and any Other Intercreditor Agreement, such tolls, rents, revenues, issues, income, products and profits shall be applied to pay the expenses of the use, operation, storage, insurance, leasing, control,
management or disposition of the Spare Engine Collateral, and of all maintenance, repairs, replacements, alterations, additions and improvements, and to make all payments that the Trustee is required or elects to make, if any, for Taxes, insurance
or other proper charges assessed against or otherwise imposed upon the Spare Engine Collateral or any part thereof, and all other payments which the Trustee is required or expressly authorized to make under any provision of this Spare Engine
Security Agreement, as well as just and reasonable compensation for the services of the Trustee, and shall otherwise be distributed as set forth in the Credit Agreement. 

Spare Engine Security Agreement 

  
 K-10 

 Subject to any Intercreditor Agreement and any Other Intercreditor Agreement, if an Event of
Default shall have occurred and be continuing and the Trustee shall be entitled to exercise rights hereunder, at the request of the Trustee, the Grantor shall promptly execute and deliver to the Trustee such instruments of title and other documents
as the Trustee reasonably deems necessary or advisable to enable the Trustee or a sub-agent or representative designated by the Trustee, at such time or times and place or places as the Trustee may specify, to
obtain possession of all or any part of the Spare Engine Collateral to which the Trustee shall at the time be entitled hereunder. If the Grantor shall for any reason fail to execute and deliver such instruments and documents after such request by
the Trustee, subject to any Intercreditor Agreement and any Other Intercreditor Agreement, the Trustee may seek a judgment conferring on the Trustee the right to immediate possession and requiring the Grantor to execute and deliver such instruments
and documents to the Trustee, to the entry of which judgment the Grantor hereby specifically consents to the fullest extent it may lawfully do so. All actual and reasonable expenses of obtaining such judgment or of pursuing, searching for and taking
such property shall, until paid, be secured by the Lien of this Spare Engine Security Agreement. 
 (b) Notice of Sale; Bids; Etc. The
Trustee shall give the Grantor at least 30 days’ prior written notice of any public sale or of the date on or after which any private sale will be held, which notice the Grantor hereby agrees to the extent permitted by applicable law is
reasonable notice. The Trustee or any other Secured Party shall be entitled to bid for and become the purchaser of any Spare Engine Collateral offered for sale pursuant to this Section 4.01 and to credit against the
purchase price bid at such sale by such Secured Parties all or any part of the Obligations owed to such Person. The Trustee may exercise such right without possession or production of the instruments evidencing Obligations or proof of ownership
thereof, and as a representative of the Secured Parties may exercise such right without notice to the Secured Parties as party to any suit or proceeding relating to the foreclosure of any Spare Engine Collateral. The Grantor shall also be entitled
to bid for and become the purchaser of any Spare Engine Collateral offered for sale pursuant to this Section 4.01. 

(c) Power of Attorney, Etc. To the extent permitted by applicable law and subject to any Intercreditor Agreement and any Other
Intercreditor Agreement, the Grantor irrevocably appoints, while an Event of Default has occurred and is continuing, the Trustee, on behalf of the Collateral Agent and the other Secured Parties, the true and lawful attorney-in-fact of the Grantor (which appointment is coupled with an interest) in its name and stead and on its behalf, for the purpose of effectuating any sale, assignment, transfer or delivery for the
enforcement of the Lien of this Spare Engine Security Agreement, whether pursuant to foreclosure or power of sale, or otherwise, to execute and deliver all such bills of sale, assignments and other instruments as may be necessary or appropriate,
with full power of substitution, the Grantor hereby ratifying and confirming all that such attorney or any substitute shall do by virtue hereof in accordance 

  
 K-11 

Spare Engine Security Agreement 

 
with applicable law; provided that if so requested by the Trustee or any purchaser, the Grantor shall ratify and confirm any such sale, assignment, transfer or delivery, by executing and
delivering to the Trustee or such purchaser all bills of sale, assignments, releases and other proper instruments to effect such ratification and confirmation as may reasonably be designated in any such request. 

Section 4.02. Remedies Cumulative. To the extent permitted under applicable law, each and every right, power and remedy
specifically given to the Trustee herein or otherwise in this Spare Engine Security Agreement shall be cumulative and shall be in addition to every other right, power and remedy specifically given herein or now or hereafter existing at law, in
equity or by statute, and each and every right, power and remedy whether specifically given herein or otherwise existing may be exercised from time to time and as often and in such order as may be deemed expedient by the Trustee, and the exercise or
the beginning of the exercise of any power or remedy shall not be construed to be a waiver of the right to exercise at the same time or thereafter any other right, power or remedy. No delay or omission by the Trustee in the exercise of any right,
remedy or power or in the pursuance of any remedy shall, to the extent permitted by applicable law, impair any such right, power or remedy or be construed to be a waiver of any default on the part of the Grantor or to be an acquiescence therein.

 Section 4.03. Discontinuance of Proceedings. In case the Trustee shall have instituted any proceedings to enforce any right,
power or remedy under this Spare Engine Security Agreement by foreclosure, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely to the Trustee, then and in every
such case the Grantor and the Trustee shall, subject to any determination in such proceedings, be restored to their former positions and rights hereunder with respect to the Spare Engine Collateral, and all rights, remedies and powers of the Trustee
shall continue as if no such proceedings had been undertaken (but otherwise without prejudice). 
 ARTICLE V 

THE TRUSTEE 
 Section 5.01.
Trustee May Perform. If the Grantor fails to perform any agreement contained herein within a reasonable time after receipt of a written request to do so from the Trustee, upon two Business Days’ prior written notice the Trustee may
itself perform, or cause performance of, such agreement, and the reasonable expenses of the Trustee, including, without limitation, the reasonable fees and out-of-pocket
expenses of its counsel, incurred in connection therewith, shall be payable by the Grantor in accordance with Section 10.04 of the Credit Agreement and shall constitute Obligations. 

Spare Engine Security Agreement 

  
 K-12 

 Section 5.02. The Trustee. It is expressly understood and agreed by the parties
hereto, and each Secured Party, by accepting the benefits of this Spare Engine Security Agreement, acknowledges and agrees, that the obligations of the Trustee as holder of the Spare Engine Collateral and interests therein and with respect to the
disposition thereof, and otherwise under this Spare Engine Security Agreement, are only those expressly set forth in this Spare Engine Security Agreement and the Credit Agreement. 

ARTICLE VI 
 OPERATING COVENANTS
OF THE GRANTOR 
 The Grantor will comply with the following covenants with respect to each Spare Engine: 

Section 6.01. Possession, Operation and Use, Maintenance and Registration. 

(a) Possession. The Grantor shall not, without the prior written consent of the Trustee, lease or otherwise in any manner deliver,
transfer or relinquish possession of such Spare Engine; provided that, so long as the Grantor shall comply with the provisions of Section 6.05 with respect to such Spare Engine, the Grantor may, without the prior
written consent of the Trustee: 
 (i) subject such Spare Engine to interchange, borrowing or pooling agreements or
arrangements, in each case customary in the airline industry and entered into by the Grantor in the ordinary course of its business; provided that if the Grantor’s title to any such Spare Engine shall be divested under any such agreement
or arrangement, such divestiture shall be deemed to be a Disposition with respect to such Spare Engine; 
 (ii) deliver
possession of such Spare Engine (A) to any Person for testing, service, repair, reconditioning, restoration, storage, maintenance, overhaul work or other similar purposes or for alterations, modifications or additions to such Spare Engine or
Part to the extent required or permitted by the terms hereof or (B) to licensed or bonded common carriers qualified in the shipping and transport of such Spare Engine or Part for the purpose of transport to a Person referred to in the preceding
clause (A); 
 (iii) transfer or permit the transfer of possession of such Spare Engine to any Government pursuant to
a lease, contract or other instrument; 
 (iv) subject such Spare Engine to the CRAF Program or transfer possession of such
Spare Engine to the United States government in accordance with applicable laws, rulings, regulations or orders (including, without limitation, any transfer of possession pursuant to the CRAF Program); provided, that the 

Spare Engine Security Agreement 

  
 K-13 

 
Grantor (A) shall promptly notify the Trustee upon transferring possession of such Spare Engine pursuant to this clause (iv) and (B) in the case
of a transfer of possession pursuant to the CRAF Program, shall notify the Trustee of the name and address of the responsible Contracting Office Representative for the Air Mobility Command of the United States Air Force or other appropriate Person
to whom notices must be given and to whom requests or claims must be made to the extent applicable under the CRAF Program; 

(v) install any such Spare Engine on an airframe owned by the Grantor (or any Permitted Lessee) free and clear of all Liens,
except (A) Permitted Liens and Liens that apply only to the engines (other than Spare Engines), appliances, parts, instruments, appurtenances, accessories, furnishings and other equipment (other than Parts) installed on such airframe
(but not to such airframe as an entirety) and (B) the rights of third parties under interchange agreements, borrowing or pooling or similar arrangements that would be permitted under clause (i) above; 

(vi) install any such Spare Engine on an airframe leased, purchased or owned by the Grantor (or any Permitted Lessee) subject
to a lease, conditional sale and/or other security agreement; provided that (A) such airframe is free and clear of all Liens except (1) the rights of the parties to the lease or any conditional sale or security
agreement covering such airframe, or their successors and assigns, and (2) Liens of the type permitted by clause (v) of this Section 6.01(a) and (B) either (1) the Grantor
shall have obtained from the lessor, conditional vendor or secured party of such airframe a written agreement (which may be the lease, conditional sale or other security agreement covering such airframe), in form and substance satisfactory to the
Trustee (it being understood that an agreement from such lessor, conditional vendor or secured party substantially in the form of the penultimate paragraph of this Section 6.01(a) shall be deemed to be satisfactory to the
Trustee), whereby such lessor, conditional vendor or secured party expressly agrees that neither it nor its successors or assigns will acquire or claim any right, title or interest in any such Spare Engine by reason of such Spare Engine being
installed on such airframe at any time while such Spare Engine is subject to the Lien of this Spare Engine Security Agreement or (2) such lease, conditional sale or other security agreement provides that any such Spare Engine shall not
become subject to the Lien of such lease, conditional sale or other security agreement at any time while such Spare Engine is subject to the Lien of this Spare Engine Security Agreement, notwithstanding the installation thereof on such airframe;

 (vii) install any such Spare Engine on an airframe owned by the Grantor (or any Permitted Lessee) or any Affiliate of
Grantor, leased to the Grantor (or any Permitted Lessee) or any Affiliate of Grantor or purchased by the Grantor (or any Permitted Lessee) or any Affiliate of Grantor subject to a conditional sale or 

Spare Engine Security Agreement 

  
 K-14 

 
other security agreement under circumstances where neither clause (v) nor clause (vi) of this Section 6.01(a) is applicable; provided that
such installation shall be deemed a Disposition with respect to such Spare Engine, if such installation shall adversely affect the Trustee’s security interest in any such Spare Engine; 

(viii) lease any such Spare Engine to the United States government under which the lessee’s obligations are guaranteed or
supported by the full faith and credit of the United States; 
 (ix) lease any such Spare Engine to any United States air
carrier as to which there is in force a certificate issued pursuant to the Transportation Code (49 U.S.C. §§41101-41112) or successor provision that gives like authority, or to any manufacturer of airframes or engines (or an Affiliate
thereof acting under an unconditional guarantee of such manufacturer), so long as such manufacturer and, if applicable, such Affiliate is domiciled in the United States; provided that no Event of Default shall exist at the time any such lease
is entered into; and 
 (x) lease any such Spare Engine to (A) any foreign air carrier other than those set forth
in clause (B), (B) any foreign air carrier that is at the inception of the lease based in and a domiciliary of a country listed in Exhibit B hereto, (C) any foreign manufacturer of airframes or engines (or a
foreign Affiliate of a United States or foreign manufacturer of airframes or engines acting under an unconditional guarantee of such manufacturer), so long as such foreign manufacturer or (if applicable) foreign Affiliate is domiciled in a country
indicated with an asterisk on Exhibit B hereto, or (D) any foreign air carrier consented to in writing by the Trustee with the consent of the Collateral Agent; provided that (w) in the case of a lease to, or
guarantee by, any entity pursuant to this Section 6.01(a)(ix), (1) other than a foreign carrier principally based in Taiwan, the United States maintains diplomatic relations with the country in which such entity is based and domiciled
at the time such lease is entered into, (2) no Event of Default exists at the time such lease is entered into and (3) such entity is not then subject to any bankruptcy, insolvency, liquidation, reorganization, dissolution or
similar proceeding and shall not have substantially all of its property in the possession of any liquidator, trustee, receiver or similar person, in the case of a lease to a foreign air carrier under clause (A) above, the Trustee
receives at the time of such lease an opinion of counsel to the Grantor (such counsel to be reasonably satisfactory to the Trustee) to the effect that there exist no possessory rights in favor of the lessee under the laws of such lessee’s
country which would, upon bankruptcy or insolvency of or other default by the Grantor and assuming at such time such lessee is not insolvent or bankrupt, prevent the taking of possession of any such Spare Engine by the Trustee in accordance with and
when permitted by the terms of Section 4.01 upon the exercise by the Trustee of its remedies under Section 4.01; 

Spare Engine Security Agreement 

  
 K-15 

 provided that the rights of any lessee or other transferee who receives possession of such Spare Engine by
reason of a transfer permitted by this Section 6.01(a) (other than the transfer of any such Spare Engine which is deemed an Event of Loss) shall be subject and subordinate to, and any permitted lease shall be made expressly
subject and subordinate to, all the terms of this Spare Engine Security Agreement, including the Trustee’s rights to repossess pursuant to Section 4.01 and to avoid such lease upon such repossession, and the Grantor
shall remain primarily liable hereunder for the performance and observance of all of the terms and conditions of this Spare Engine Security Agreement to the same extent as if such lease or transfer had not occurred, any such lease shall include
appropriate provisions for the maintenance and insurance of such Spare Engine. The Grantor shall promptly notify the Trustee of the existence of any such lease with a term in excess of one year. 

Each of the Trustee and the Collateral Agent agrees, and each other Secured Party by acceptance of any instrument evidencing Obligations is
deemed to have agreed, for the benefit of the Grantor (and any Permitted Lessee) and for the benefit of the lessor, conditional vendor or secured party of such engine leased to the Grantor (or any Permitted Lessee) or leased to or purchased or owned
by the Grantor (or any Permitted Lessee) subject to a conditional sale or other security agreement, that the Trustee, the Collateral Agent and the other Secured Parties will not acquire or claim, as against the Grantor (or any Permitted Lessee) or
such lessor, conditional vendor or secured party, any right, title or interest in any engine or engines owned by the Grantor (or any Permitted Lessee) or the lessor under such lease or subject to a security interest in favor of the secured party
under any conditional sale or other security agreement as the result of such engine or engines being installed on such Airframe at any time while such engine or engines are subject to such lease or conditional sale or other security agreement. 

The Trustee acknowledges that any “wet lease” or other similar arrangement under which the Grantor maintains operational control of
an airframe on which a Spare Engine is installed shall not constitute a delivery, transfer or relinquishment of possession for purposes of this Section 6.01(a). 

(b) Operation and Use. The Grantor agrees that such Spare Engine will not be maintained, used, serviced, repaired, overhauled or
operated in violation of any law, rule or regulation of any government of any country having jurisdiction over any airframe on which such Spare Engine is installed or in violation of any airworthiness certificate, license or registration relating to
such related airframe issued by any such government, except (1) immaterial or non-recurring violations with respect to which corrective measures are taken promptly by the Grantor (or a Permitted Lessee)
upon discovery thereof and (2) to the extent the Grantor is contesting in good faith the validity or application of any such law, rule or regulation or airworthiness certificate, license or registration in any manner that does not involve any
material risk of sale, forfeiture or loss of such Spare Engine or impair the Lien of this Spare Engine Security Agreement; 
 Spare Engine
Security Agreement 

  
 K-16 

 
and provided, that the Grantor shall not be in default under, or required to take any action set forth in, this sentence if it is not possible for it to comply with the laws of a
jurisdiction other than the United States (or other than any jurisdiction in which any airframe on which such Spare Engine is installed is then registered) because of a conflict with the applicable laws of the United States (or such jurisdiction in
which such airframe is then registered). The Grantor will not operate such Spare Engine, or permit such Spare Engine to be operated or located, (i) in any area excluded from coverage by any insurance required by Section 6.05 or
(ii) in any war zone or recognized or, in the Grantor’s judgment, threatened areas of hostilities unless covered by war risk insurance, to the extent war risk insurance is required pursuant to Section 6.05, unless
in the case of either clause (i) or (ii), (x) governmental indemnification in the amount of any insurance that would otherwise be required pursuant to Section 6.05 has been provided or (y) such Spare Engine is
only temporarily located in such area as a result of an isolated occurrence or isolated series of occurrences attributable to a hijacking, medical emergency, equipment malfunction, weather conditions, navigational error or other similar unforeseen
circumstances and the Grantor is using its good faith efforts to remove such Spare Engine from such area as promptly as practicable. 
 (c)
Maintenance. The Grantor shall maintain, service, repair and overhaul such Spare Engine (or cause the same to be done) so as to keep such Spare Engine in as good operating condition as on the applicable Spare Engine Closing Date for such
Spare Engine, ordinary wear and tear excepted. The Grantor shall maintain or cause to be maintained all records, logs and other documents required to be maintained in respect of such Spare Engine by appropriate authorities in the jurisdiction in
which any airframe to which such Spare Engine is attached is registered. 
 (d) Identification of Trustee’s Interest. The Grantor
agrees to affix as promptly as practicable after the applicable Spare Engine Closing Date for such Spare Engine and thereafter to maintain on each such Spare Engine, a nameplate bearing the inscription “MORTGAGED TO CITIBANK, N.A., AS
TRUSTEE” (such nameplate to be replaced, if necessary, with a nameplate reflecting the name of any successor Trustee). If any such nameplate is damaged beyond repair or becomes illegible, the Grantor shall promptly replace it with a nameplate
complying with the requirements of this Section. 
 (e) [Reserved]. 

Section 6.02. Inspection. At all reasonable times, but upon at least 15 Business Days’ prior written notice to the Grantor,
the Trustee or its authorized representative may, subject to the other conditions of this Section 6.02, inspect such Spare Engine and may inspect the books and records of the Grantor required to be maintained by the FAA;
provided that (i) the Trustee or its representative shall be fully insured at no cost to the Grantor in a manner satisfactory to the Grantor with respect to any risks incurred in connection with any such inspection or shall
provide to the Grantor a written release 
 Spare Engine Security Agreement 

  
 K-17 

 
satisfactory to the Grantor with respect to such risks, (ii) any such inspection shall be subject to the safety, security and workplace rules applicable at the location where such
inspection is conducted and any applicable governmental rules or regulations, (iii) any such inspection of such Spare Engine shall be a visual inspection of such Spare Engine and shall not include any disassembly, opening of any
components, of any Spare Engine or removal of such Spare Engine without the Grantor’s express consent, which consent the Grantor may in its sole discretion withhold, and (iv) no exercise of such inspection right shall interfere with
the use, operation or maintenance of such Spare Engine by, or the business of, the Grantor and the Grantor shall not be required to undertake or incur any additional liabilities in connection therewith. All information obtained in connection with
any such inspection of such Spare Engine and of such books and records shall be held confidential by the Trustee and each agent or representative thereof and shall not be furnished or disclosed by any of them to anyone other than their respective
bank examiners, auditors, accountants, agents and legal counsel, and except as may be required by an order of any court or administrative agency or by any statute, rule, regulation or order of any governmental authority. Any inspection pursuant to
this Section 6.02 shall be at the sole risk (including, without limitation, any risk of personal injury or death) and expense of the Trustee (or its representative), as the case may be, making such inspection. Except during
the continuance of an Event of Default, all inspections by the Trustee and its representatives provided for under this Section 6.02 shall be limited to one inspection of any kind contemplated by this
Section 6.02 for all such Spare Engines during any calendar year. 
 Section 6.03. Replacement and Pooling
of Parts; Alterations, Modifications and Additions; Substitution of Spare Engine. 
 (a) Replacement of Parts. So long as a Spare
Engine is subject to the Lien of this Spare Engine Security Agreement, the Grantor, at its own expense, shall promptly replace all Parts that may from time to time be incorporated or installed in or attached to such Spare Engine and that may from
time to time become worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or rendered permanently unfit for use for any reason whatsoever, except as otherwise provided in Section 6.03(c) or if such
Spare Engine to which a Part relates has suffered an Event of Loss. In addition, the Grantor, at its own expense, may remove in the ordinary course of maintenance, service, repair, overhaul or testing, any Parts, whether or not worn out, lost,
stolen, destroyed, seized, confiscated, damaged beyond repair or rendered permanently unfit for use; provided that the Grantor, except as otherwise provided in Section 6.03(c), at its own expense, will replace such
Parts as promptly as practicable. All replacement Parts shall be free and clear of all Liens (except for Permitted Liens and except in the case of replacement property temporarily installed on an emergency basis) and shall have a value and utility
at least equal to the Parts replaced, assuming such replaced Parts were in the condition and repair required to be maintained by the terms hereof. Except as otherwise provided in Section 6.03(c), all Parts at any time
removed from such Spare Engine shall 
 Spare Engine Security Agreement 

  
 K-18 

 
remain subject to the Lien of this Spare Engine Security Agreement no matter where located until such time as such Parts shall be replaced by parts that have been incorporated or installed in or
attached to such Spare Engine and that meet the requirements for replacement Parts specified above. Immediately upon any replacement Part becoming incorporated or installed in or attached to such Spare Engine as above provided (except in the case of
replacement property temporarily installed on an emergency basis), without further act, (i) the replaced Part shall thereupon be free and clear of the Lien of this Spare Engine Security Agreement and of all rights and interests of the
Trustee (and the other beneficiaries hereof) and shall no longer be deemed a Part hereunder and (ii) such replacement Part shall become subject to the Lien of this Spare Engine Security Agreement and be deemed a Part of such Spare Engine
for all purposes to the same extent as the Parts originally incorporated or installed in or attached to such Spare Engine. Upon request of the Grantor from time to time, the Trustee shall execute and deliver to the Grantor an appropriate instrument
confirming the release of any such replaced Part from the Lien of this Spare Engine Security Agreement. 
 (b) Pooling of Parts. Any
Part removed from such Spare Engine as provided in Section 6.03(a) may be subjected by the Grantor or a Person permitted to be in possession of such Spare Engine to a pooling arrangement customary in the airline industry
entered into in the ordinary course of the Grantor’s or such Person’s business; provided that the part replacing such removed Part shall be incorporated or installed in or attached to such Spare Engine in accordance with
Section 6.03(a) as promptly as practicable after the removal of such removed Part. In addition, any replacement Part when incorporated or installed in or attached to such Spare Engine may be owned by any third party subject
to such a pooling arrangement; provided that the Grantor, at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in the Grantor free and clear of all Liens (except Permitted
Liens), or (ii) replaces such replacement Part by incorporating or installing in or attaching to such Spare Engine a further replacement Part in the manner contemplated by Section 6.03(a). 

(c) Alterations, Modifications and Additions. The Grantor will make (or cause to be made) such alterations and modifications in and
additions to such Spare Engine as may be required from time to time to meet the applicable requirements of the FAA, to the extent mandatory in respect of the Spare Engine; provided that the Grantor may, in good faith, contest the
validity or application of any such requirement in any manner that does not involve any material risk of sale, loss or forfeiture of such Spare Engine and does not adversely affect the Trustee’s interest in the Spare Engine Collateral. In
addition, the Grantor (or any Permitted Lessee), at its own expense, may from time to time add further parts or accessories and make or cause to be made such alterations and modifications in and additions to such Spare Engine as the Grantor may deem
desirable in the proper conduct of its business, including, without limitation, removal (without replacement) of Parts, provided that no such alteration, modification or addition shall materially diminish the value or utility of such Spare
Engine below its value or utility, 
 Spare Engine Security Agreement 

  
 K-19 

 
immediately prior to such alteration, modification or addition, assuming that such Spare Engine was then in the condition required to be maintained by the terms of this Spare Engine Security
Agreement, except that the value (but not the utility) of such Spare Engine may be reduced by the value of any such Parts that shall have been removed that the Grantor deems obsolete or no longer suitable or appropriate for use on such Spare Engine.
All Parts incorporated or installed in or attached or added to such Spare Engine as the result of such alteration, modification or addition shall be free and clear of any Liens, other than Permitted Liens, and shall, without further act, be subject
to the Lien of this Spare Engine Security Agreement. Notwithstanding the foregoing, the Grantor (or any Permitted Lessee) may, at any time, remove any Part from such Spare Engine if such Part: (i) is in addition to, and not in
replacement of or substitution for, any Part originally incorporated or installed in or attached to such Spare Engine at the time of delivery thereof to the Grantor or any Part in replacement of, or substitution for, any such Part,
(ii) is not required to be incorporated or installed in or attached or added to such Spare Engine pursuant to the first sentence of this Section 6.03(c) or Section 6.01(d) and (iii) can be
removed from such Spare Engine without materially diminishing the value or utility required to be maintained by the terms of this Spare Engine Security Agreement that such Spare Engine would have had had such Part never been installed on such Spare
Engine. Upon the removal by the Grantor of any Part as permitted by this Section 6.03(c), such removed Part shall, without further act, be free and clear of the Lien of this Spare Engine Security Agreement and of all rights
and interests of the Trustee (and the other beneficiaries hereof) and shall no longer be deemed a Part hereunder. Upon request of the Grantor from time to time, the Trustee shall execute and deliver to the Grantor an appropriate instrument
confirming the release of any such removed Part from the Lien of this Spare Engine Security Agreement. 
 (d) Substitution of Spare
Engines. The Grantor shall have the right at its option at any time, on at least 30 days’ prior written notice to the Trustee, to substitute a Replacement Spare Engine for any such Spare Engine. In such event, and prior to the date of such
substitution, the Grantor shall replace such Spare Engine hereunder by complying with the terms of Section 6.04(b) to the same extent as if an Event of Loss had occurred with respect to such Spare Engine. 

Section 6.04. Loss, Destruction or Requisition. 

(a) [Reserved]. 
 (b)
Event of Loss with Respect to any such Spare Engine. Upon the occurrence of an Event of Loss with respect to any such Spare Engine, the Grantor shall give the Trustee prompt written notice thereof within 15 days after the Grantor has
determined that an Event of Loss has occurred with respect to such Spare Engine and shall, within 120 days after the occurrence of such Event of Loss, cause to be subjected to the Lien of this Spare Engine Security Agreement, as replacement for the
Engine with respect to which such Event of Loss occurred, a Replacement Spare Engine free and clear of all Liens (other than Permitted Liens). 

Spare Engine Security Agreement 

  
 K-20 

 Prior to or at the time of any replacement under this Section 6.04(b),
the Grantor will (i) cause a Spare Engine Security Agreement Supplement covering such Replacement Spare Engine to be delivered to the Trustee for execution and, upon such execution, to be filed for recordation pursuant to the
Transportation Code, (ii) furnish the Trustee with a copy of the original bill of sale or, if the bill of sale is unavailable, other evidence of ownership reasonably satisfactory to the Trustee (which may be a copy of an invoice or
purchase order) respecting such Replacement Spare Engine, (iii) cause the sale of such Replacement Spare Engine to the Grantor (if occurring after February 28, 2006 and if the seller of such Replacement Spare Engine is
“situated in” a country that has ratified the Cape Town Convention) and the International Interest created pursuant to such Spare Engine Security Agreement Supplement in favor of the Trustee with respect to such Replacement Spare Engine,
to be registered on the International Registry as a sale or an International Interest; provided that if the seller of such Replacement Spare Engine is not situated in a country that has ratified the Cape Town Convention, the Grantor will use its
reasonable efforts to cause the seller to register the contract of sale on the International Registry, (iv) cause a financing statement or statements with respect to such Replacement Spare Engine or other requisite documents or instruments to
be filed in such place or places as necessary in order to perfect the Trustee’s interest therein in the United States, (v) furnish the Trustee with an opinion of the Grantor’s counsel (which may be the Grantor’s General
Counsel or such other internal counsel to the Grantor as shall be reasonably satisfactory to the Trustee) addressed to the Trustee to the effect that, upon such replacement, such Replacement Spare Engine will be subject to the Lien of this Spare
Engine Security Agreement, (vi) furnish the Trustee with a certificate of an aircraft engineer or appraiser (who may be an employee of the Grantor) certifying that such Replacement Spare Engine has a value and utility (without regard to
hours or cycles) at least equal to the Spare Engine so replaced assuming such Spare Engine was in the condition and repair required by the terms hereof immediately prior to the occurrence of such Event of Loss, and (vii) furnish the
Trustee with evidence of compliance with Section 6.05 with respect to such Replacement Spare Engine (which may be an Officer’s Certificate to the effect that the Grantor has determined that the insurance maintained
with respect to such Replacement Spare Engine so complies). In the case of each Replacement Spare Engine subjected to the Lien of this Spare Engine Security Agreement under this Section 6.04(b), promptly upon the recordation of any Spare
Engine Security Agreement Supplement covering such Replacement Spare Engine pursuant to the Transportation Code (or pursuant to the applicable law of such other jurisdiction in which any related airframe is registered), the Grantor will cause to be
delivered to the Trustee an opinion of counsel to the Grantor (which may be the Grantor’s General Counsel or such other internal counsel of the Grantor as shall be reasonably satisfactory to the Trustee) addressed to the Trustee as to the due
recordation of such Spare Engine Security Agreement Supplement or such other requisite documents or 
 Spare Engine Security Agreement 

  
 K-21 

 
instruments, the registration with the International Registry of the sale of such Replacement Spare Engine to Grantor (if occurring after February 28, 2006 and if the seller of such
Replacement Spare Engine is “situated in” a country that has ratified the Cape Town Convention) and of the International Interest created pursuant to such Spare Engine Security Agreement Supplement with respect to such Replacement Spare
Engine, and the validity and perfection of the security interest in the Replacement Spare Engine granted to the Trustee under this Spare Engine Security Agreement. For all purposes hereof, upon the attachment of the Lien of this Spare Engine
Security Agreement thereto, the Replacement Spare Engine shall become part of the Spare Engine Collateral and shall be deemed an “Engine” as defined herein. Upon compliance with clauses (i) through (vi) of this
paragraph, (x) such replaced Spare Engine, any proceeds, the Warranty Rights in respect of such replaced Spare Engine and all rights relating to any of the foregoing shall be free and clear of the Lien of this Spare Engine Security
Agreement and of all rights and interests of the Trustee (and the other beneficiaries hereof), (y) the Trustee shall execute and deliver to the Grantor an appropriate instrument releasing such properties, rights, interests and privileges from
the Lien of this Spare Engine Security Agreement and assigning to the Grantor all claims against third Persons for damage to or loss of such Spare Engine arising from the Event of Loss and (z) the Trustee will take such actions as may be
required to be taken by the Trustee to cancel or release any International Interest of the Trustee registered with the International Registry in relation to the Spare Engines with respect to which such Event of Loss occurred. 

(c) Requisition for Use by the Government of any Airframe on which a Spare Engine Is Installed Thereon. In the event of the requisition
for use by any government, including, without limitation, pursuant to the CRAF Program, of any airframe on which a Spare Engine installed on such airframe that does not constitute an Event of Loss, the Grantor shall promptly notify the Trustee and
all of the Grantor’s rights and obligations under this Spare Engine Security Agreement with respect to such Spare Engine and such Spare Engine shall continue to the same extent as if such requisition had not occurred; provided that,
notwithstanding the foregoing, the Grantor’s obligations other than payment obligations shall only continue to the extent feasible. All payments received by the Grantor or the Trustee from such government for such use of such Spare Engine shall
be paid over to, or retained by, the Grantor. 
 (d) [Reserved]. 

(e) Application of Payments During Existence of Event of Default. Any amount referred to in Section 6.04 that
is payable to or retainable by the Grantor shall not be paid to or retained by the Grantor if at the time of such payment or retention an Event of Default shall have occurred and be continuing, but, subject to any Intercreditor Agreement and any
Other Intercreditor Agreement, shall be paid to and held by the Trustee as security for the Obligations. At such time as there shall not be continuing any such Event of Default, such amount shall be paid to the Grantor. 

Spare Engine Security Agreement 

  
 K-22 

 Section 6.05. Insurance. With respect to any Spare Engine Collateral, the Grantor
will: 
 (a) maintain insurance, against such risks, including fire and other risks, as is prudent and customary for United
States-based passenger airlines of similar size insuring similar assets; 
 (b) maintain in full force and effect public
liability insurance against claims for personal injury or death or property damage occurring upon, in, about or in connection with the use of such Spare Engine Collateral, in such amounts and with such deductibles as are prudent and customary for
United States-based passenger airlines of similar size insuring against similar risks; and 
 (c) maintain such other
insurance or self-insurance as may be required by applicable law. 
 ARTICLE VII 

CERTAIN COVENANTS 

Section 7.01. Certain Covenants of the Grantor. 

(a) Further Assurances. On and after the date hereof, the Grantor will cause to be done, executed, acknowledged and delivered such
further acts, conveyances and assurances as the Trustee shall reasonably request for accomplishing the purposes of this Spare Engine Security Agreement; provided that any instrument or other document so executed by the Grantor will not expand
any obligations or limit any rights of the Grantor in respect of the transactions contemplated by this Spare Engine Security Agreement. 

(b) Filing and Recordation of this Spare Engine Security Agreement; Registration of International Interests. The Grantor, at its own
expense, will cause this Spare Engine Security Agreement (with any Spare Engine Security Agreement Supplement covering a Spare Engine being subjected to the Lien of this Spare Engine Security Agreement attached) to be promptly filed and recorded, or
filed for recording, with the FAA to the extent permitted under the Transportation Code and the rules and regulations of the FAA thereunder. In addition, on or prior to each Spare Engine Closing Date, the Grantor will cause the registration of the
International Interests (or Prospective International Interests) created under this Spare Engine Security Agreement (as supplemented by any Spare Engine Security Agreement Supplement covering a Spare Engine being subjected to the Lien of this Spare
Engine Security Agreement on such Spare Engine Closing Date) to be effected on the International Registry in accordance with the Cape Town Treaty, and shall, as and to the extent applicable, consent to such registration upon the issuance of a
request for such consent by the International Registry. 
 Spare Engine Security Agreement 

  
 K-23 

 (c) Maintenance of Filings. The Grantor, at its expense, will take, or cause to be taken,
such action with respect to the due and timely recording, filing, re-recording and refiling of this Spare Engine Security Agreement and any financing statements and any continuation statements or other
instruments as are necessary to maintain, so long as this Spare Engine Security Agreement is in effect, the perfection of the security interests created by this Spare Engine Security Agreement or will furnish the Trustee timely notice of the
necessity of such action, together with such instruments, in execution form, and such other information as may be required to enable the Trustee to take such action. The Grantor will notify the Trustee of any change in its jurisdiction of
organization (as such term is used in Article 9 of the Uniform Commercial Code as in effect in the [State of Delaware]5) promptly after making such change or in any event within the period of time
necessary under applicable law to prevent the lapse of perfection (absent refiling) of financing statements filed under this Spare Engine Security Agreement. 

Section 7.02. Certain Covenants of the Trustee. 

(a) Continuing Registration and Re-Registration. The Trustee agrees to execute and deliver, at
the Grantor’s expense, all such documents and consents as the Grantor may reasonably request for the purpose of registering or maintaining any registration on the International Registry in respect of such Spare Engine. 

(b) Quiet Enjoyment. The Trustee agrees, with respect to each Spare Engine, that, unless an Event of Default shall have occurred and be
continuing, it shall not (and shall not permit any Affiliate or other Person claiming by, through or under it to) take any action contrary to, or otherwise in any way interfere with or disturb (and then only in accordance with this Spare Engine
Security Agreement), the quiet enjoyment of the use and possession of such Spare Engine or any Part thereof by the Grantor or any transferee of any interest in any thereof permitted under this Spare Engine Security Agreement. 

(c) Cooperation. The Trustee will cooperate with the Grantor in connection with the recording, filing,
re-recording and re-filing of this Spare Engine Security Agreement and any Spare Engine Security Agreement Supplements and any financing statements or other documents as
are necessary to maintain the perfection hereof or otherwise protect the security interests created hereby. 
 Section 7.03.
Subjection of Spare Engine to Lien of Spare Engine Security Agreement. If the Grantor has elected to subject any Additional Spare Engine to the Lien of this Spare Engine Security Agreement as Additional Collateral or Qualified Replacement
Assets pursuant to the Credit Agreement, the Grantor shall, at its sole expense (A) cause a Spare Engine Security Agreement Supplement describing the engine(s) that constitute such Additional Spare Engine(s) to be delivered to the
Trustee 
  

	 	

  

	5 	Revise bracketed phrase as necessary for the applicable Grantor. 

 Spare Engine Security
Agreement 

  
 K-24 

 
for execution and, upon such execution, to be filed for recordation pursuant to the Transportation Code, (B) cause the sale of such Additional Spare Engine to the Grantor (if occurring after
February 28, 2006 and if the seller of such Additional Spare Engine is “situated in” a country that has ratified the Cape Town Convention) and the International Interest created pursuant to any Spare Engine Security Agreement
Supplement in favor of the Trustee with respect to such Additional Spare Engine each to be registered on the International Registry as a sale or an International Interest, respectively; provided that if the seller of such Additional Spare Engine is
not situated in a country that has ratified the Cape Town Convention, the Grantor will use its reasonable efforts to cause the seller to register the contract of sale on the International Registry, (C) cause a financing statement or
statements with respect to such Additional Spare Engine(s) or other requisite documents or instruments to be filed in such place or places as necessary in order to perfect the Trustee’s interest therein in the United States,
(D) furnish the Trustee with an opinion of the Grantor’s counsel (which may be the Grantor’s General Counsel or such other internal counsel of the Grantor as shall be reasonably satisfactory to the Trustee) addressed to the
Trustee to the effect that upon taking the actions described in clauses (A), (B) and (C), such Additional Spare Engine(s) will be subject to the Lien of this Spare Engine Security Agreement, (E) furnish the Trustee
with evidence of compliance with Section 6.05 with respect to such Additional Spare Engine (which may be an Officer’s Certificate to the effect that the Grantor has determined that the insurance maintained with respect
to such Additional Spare Engine so complies) and (F) furnish the Trustee with a copy of the original bill(s) of sale or, if the bill(s) of sale are unavailable, other evidence of ownership reasonably satisfactory to the Trustee (which
may be a copy of an invoice or purchase order) respecting the engine(s) constituting part of such Additional Spare Engine(s). The Trustee shall promptly execute such Spare Engine Security Agreement Supplement and take such other actions reasonably
requested by the Grantor to subject such Additional Spare Engine(s) to the Lien of this Spare Engine Security Agreement. 
 In the case of
any Additional Spare Engine subjected to the Lien of this Spare Engine Security Agreement under this Section 7.03, promptly upon the recordation of any Spare Engine Security Agreement Supplement covering such Additional
Spare Engine pursuant to the Transportation Code, the Grantor will cause to be delivered to the Trustee a favorable opinion of the Grantor’s counsel (which may be the Grantor’s General Counsel or such other internal counsel to the Grantor
as shall be reasonably satisfactory to the Trustee) addressed to the Trustee as to the due registration of such Additional Spare Engine and the due recordation of such Spare Engine Security Agreement Supplement or such other requisite documents or
instruments, the registration with the International Registry of the sale of such Additional Spare Engine to the Grantor (if occurring after February 28, 2006 and if the seller of such Additional Spare Engine is “situated in” a
country that has ratified the Cape Town Convention) and of the International Interests created pursuant to such Spare Engine Security Agreement Supplement with respect to such Additional Spare Engine, and the validity and perfection of the security
interest in such Additional Spare Engine granted to the Trustee under this Spare Engine Security Agreement. 
 Spare Engine Security Agreement

  
 K-25 

 For all purposes hereof, upon the attachment of the Lien of this Spare Engine Security Agreement
thereto, such Additional Spare Engine shall become part of the Spare Engine Collateral, and each engine constituting part of the Additional Spare Engine shall be deemed a “Spare Engine” as defined herein. 

Section 7.04. Release of Spare Engine from Lien of Spare Engine Security Agreement. Upon the satisfaction of the requirements for
the release of any Spare Engine from the Lien of this Spare Engine Security Agreement pursuant to this Spare Engine Security Agreement, (i) such Spare Engine, all proceeds, the Warranty Rights in respect of such Spare Engine and all
rights relating to the foregoing shall be free and clear of the Lien of this Spare Engine Security Agreement and of all rights and interests of the Trustee (and the other beneficiaries hereof), (ii) the Trustee shall execute and deliver to the
Grantor an appropriate instrument releasing such properties, rights, interests and privileges from the Lien of this Spare Engine Security Agreement and assigning to the Grantor all claims against third Persons for damage to or loss of such Spare
Engine and (iii) the Trustee will take such actions as may be required to be taken by the Trustee to cancel or release any International Interest of the Trustee registered with the International Registry in relation to such Spare Engine. 

Section 7.05. Non-Lender Secured Parties. 

(a) Rights to Collateral. 

(i) The Non-Lender Secured Parties shall not have any right whatsoever to do any of the
following: (A) exercise any rights or remedies with respect to the Spare Engine Collateral or to direct the Trustee to do the same, including, without limitation, the right to (1) enforce any Liens or sell or otherwise
foreclose on any portion of the Spare Engine Collateral, (2) request any action, institute any proceedings, exercise any voting rights, give any instructions, make any election or make collections with respect to all or any portion of
the Spare Engine Collateral or (3) release the Grantor under this Spare Engine Security Agreement or release any Spare Engine Collateral from the Liens of any Collateral Document or consent to or otherwise approve any such release;
(B) demand, accept or obtain any Lien on any Spare Engine Collateral (except for Liens arising under, and subject to the terms of, this Spare Engine Security Agreement); (C) vote in any New Bankruptcy Case or similar proceeding in
respect of Parent or any of its Subsidiaries (any such proceeding, for purposes of this clause (i), a “Bankruptcy”) with respect to, or take any other actions concerning the Spare Engine Collateral; (D) receive
any proceeds from any sale, transfer or other disposition of any of the Spare Engine Collateral (except in 
 Spare Engine Security Agreement

  
 K-26 

 
accordance with this Spare Engine Security Agreement); (E) oppose any sale, transfer or other disposition of the Spare Engine Collateral; (F) object to any debtor-in-possession financing in any Bankruptcy which is provided by one or more Lenders among others (including on a priming basis under Section 364(d) of the Bankruptcy
Code); (G) object to the use of cash collateral in respect of the Spare Engine Collateral in any Bankruptcy; or (H) seek, or object to the Lenders, the Administrative Agent, the Collateral Agent or the Trustee seeking on an
equal and ratable basis, any adequate protection or relief from the automatic stay with respect to the Spare Engine Collateral in any Bankruptcy. 

(ii)    Each Non-Lender Secured Party, by its acceptance of the
benefits of this Spare Engine Security Agreement and the other Collateral Documents, agrees that in exercising rights and remedies with respect to the Spare Engine Collateral, the Trustee, the Collateral Agent and the Lenders, with the consent of
the Collateral Agent, may enforce the provisions of the Collateral Documents and exercise remedies thereunder and under any other Loan Documents (or refrain from enforcing rights and exercising remedies), all in such order and in such manner as they
may determine in the exercise of their sole business judgment and subject to the terms of any Intercreditor Agreement and any Other Intercreditor Agreement. Such exercise and enforcement shall include, without limitation, the rights to collect,
sell, dispose of or otherwise realize upon all or any part of the Collateral, to incur expenses in connection with such collection, sale, disposition or other realization and to exercise all the rights and remedies of a secured lender under the UCC.
The Non-Lender Secured Parties by their acceptance of the benefits of this Spare Engine Security Agreement and the other Collateral Documents hereby agree not to contest or otherwise challenge any such
collection, sale, disposition or other realization of or upon all or any of the Spare Engine Collateral. Whether or not a New Bankruptcy Case has been commenced, the Non-Lender Secured Parties shall be deemed
to have consented to any sale or other disposition of any property, business or assets of Parent or any of its Subsidiaries and the release of any or all of the Spare Engine Collateral from the Liens of any Collateral Document in connection
therewith. 
 (iii)    Notwithstanding any provision of this Section 7.05(a), the Non-Lender Secured Parties shall be entitled, subject to any Intercreditor Agreement and any Other Intercreditor Agreement, to file any necessary responsive or defensive pleadings in opposition to any motion, claim,
adversary proceeding or other pleadings (A) in order to prevent any Person from seeking to foreclose on the Spare Engine Collateral or supersede the Non-Lender Secured Parties’ claim thereto
or (B) in opposition to any motion, claim, adversary proceeding or other pleading made by any Person objecting to or otherwise seeking the disallowance of the claims of the Non-Lender Secured
Parties. Each Non-Lender Secured Party, by its acceptance of the benefits of this Spare Engine Security Agreement, agrees to be bound by and to comply with any Intercreditor Agreement and any Other
Intercreditor Agreement and authorizes the Trustee to enter into the Intercreditor Agreements and Other Intercreditor Agreements on its behalf. 

Spare Engine Security Agreement 

  
 K-27 

 (iv)    Each
Non-Lender Secured Party, by its acceptance of the benefits of this Spare Engine Security Agreement, agrees that the Collateral Agent and the Lenders may deal with the Spare Engine Collateral, including any
exchange, taking or release of Spare Engine Collateral, may change or increase the amount of the Obligations, and may release any Grantor from its Obligations hereunder, all without any liability or obligation (except as may be otherwise expressly
provided herein) to the Non-Lender Secured Parties. 
 (b)    Appointment of
Agent. Each Non-Lender Secured Party, by its acceptance of the benefits of this Spare Engine Security Agreement and the other Collateral Documents, shall be deemed irrevocably to make, constitute and
appoint the Trustee, as agent of the Collateral Agent under the Credit Agreement (and all officers, employees or agents designated by the Trustee) as such Person’s true and lawful agent and attorney-in-fact, and in such capacity, the Trustee shall have the right, with power of substitution for the Non-Lender Secured Parties and in each such Person’s
name or otherwise, to effectuate any sale, transfer or other disposition of the Spare Engine Collateral. It is understood and agreed that the appointment of the Trustee as the agent and
attorney-in-fact of the Non-Lender Secured Parties for the purposes set forth herein is coupled with an interest and is
irrevocable. It is understood and agreed that the Trustee has appointed the Administrative Agent as its agent for purposes of perfecting certain of the security interests created hereunder and for otherwise carrying out certain of its obligations
hereunder. 
 (c)    Waiver of Claims. To the maximum extent permitted by law, each
Non-Lender Secured Party waives any claim it might have against the Trustee, the Collateral Agent or the Lenders with respect to, or arising out of, any action or failure to act or any error of judgment,
negligence, or mistake or oversight whatsoever on the part of the Trustee, the Collateral Agent or the Lenders or their respective directors, officers, employees or agents with respect to any exercise of rights or remedies under the Loan Documents
or any transaction relating to the Spare Engine Collateral (including, without limitation, any such exercise described in Section 7.05(a)(ii)), except for any such action or failure to act that constitutes willful misconduct or gross
negligence of such Person. To the maximum extent permitted by applicable law, none of the Trustee, the Collateral Agent or any Lender or any of their respective directors, officers, employees or agents shall be liable for failure to demand, collect
or realize upon any of the Spare Engine Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Spare Engine Collateral upon the request of Parent, any Subsidiary of Parent, any Non-Lender Secured Party or any other Person or to take any other action or forbear from doing so whatsoever with regard to the Spare Engine Collateral or any part thereof, except for any such action or failure to
act that constitutes willful misconduct or gross negligence of such Person. 
 Spare Engine Security Agreement 

  
 K-28 

 ARTICLE VIII 

MISCELLANEOUS 

Section 8.01. Termination of this Spare Engine Security Agreement. Subject to Section 6.03,
Section 6.04 and Section 7.04 (and without in any way limiting provisions regarding any release of the Lien of this Spare Engine Security Agreement contained in such
Section 6.03, Section 6.04 and Section 7.04, as applicable): 

(a) At such time as the Obligations (other than any Obligations owing to a Non-Lender
Secured Party) then due and owing shall have been paid in full, the Commitments under the Credit Agreement have been terminated and no Letters of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized or
otherwise provided for in a manner reasonably satisfactory to the Administrative Agent), all Spare Engine Collateral shall be released from the Liens created hereby, and this Spare Engine Security Agreement and all obligations (other than those
expressly stated to survive such termination) of the Trustee and the Grantor shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Spare Engine Collateral shall revert to the Grantor.
At the request and sole expense of the Grantor following any such termination, the Trustee shall execute, acknowledge and deliver to the Grantor such releases, instruments or other documents and do or cause to be done all other acts, as the Grantor
shall reasonably request to evidence such termination. 
 (b) Upon any Permitted Disposition of Spare Engine Collateral
(whether by way of the sale of Spare Engine Collateral or the sale of Capital Stock of the Grantor of such Spare Engine Collateral) permitted by the Credit Agreement, the Lien pursuant to this Spare Engine Security Agreement on the Spare Engine
Collateral subject to such sale or other disposition (or in the case of a sale of Capital Stock of the Grantor, the Grantor’s Spare Engine Collateral) shall be automatically released. In connection with any other Disposition of Spare Engine
Collateral (whether by way of the sale of Spare Engine Collateral or the sale of Capital Stock of the Grantor of such Spare Engine Collateral) permitted under the Credit Agreement, the Trustee shall, upon receipt from the Grantor of a written
request for the release of the Spare Engine Collateral subject to such sale or other disposition (or in the case of a sale of Capital Stock of the Grantor, the release of the Grantor’s Spare Engine Collateral), at the Grantor’s sole cost
and expense, execute, acknowledge and deliver to the Grantor such releases, instruments or other documents, and do or cause to be done all other acts, as the Grantor shall reasonably request to evidence or effect the release of the Liens created
hereby (if any) on such Spare Engine Collateral. 
 Spare Engine Security Agreement 

  
 K-29 

 Section 8.02. No Legal Title to Spare Engine Collateral in the Secured Parties. No
holder of any Obligation shall have legal title to any part of the Spare Engine Collateral. No transfer, by operation of law or otherwise, of any Obligations or other right, title and interest of any Secured Party in and to the Spare Engine
Collateral or hereunder shall operate to terminate this Spare Engine Security Agreement or entitle such holder or any successor or transferee of such holder to an accounting or to the transfer to it of any legal title to any part of the Spare Engine
Collateral. 
 Section 8.03. Sale by the Trustee Is Binding. Any sale or other conveyance of any Spare Engine or any interest
therein by the Trustee made pursuant to the terms of this Spare Engine Security Agreement shall bind the Secured Parties and the Grantor and shall be effective to transfer or convey all right, title and interest of the Trustee, the Grantor and such
Secured Parties in and to such Spare Engine or interest therein. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such sale or conveyance or as to the application of any sale
or other proceeds with respect thereto by the Trustee or the other Secured Parties. 
 Section 8.04. This Spare Engine Security
Agreement for the Benefit of the Grantor, the Trustee, the Collateral Agent and the Secured Parties. Nothing in this Spare Engine Security Agreement, whether express or implied, shall be construed to give any Person other than the Grantor, the
Trustee, the Collateral Agent and the other Secured Parties any legal or equitable right, remedy or claim under or in respect of this Spare Engine Security Agreement, except that the Persons referred to in the second to last full paragraph of
Section 6.01(a) shall be third party beneficiaries of such paragraph. 
 Section 8.05. Notices. 

(a) Except in the case of notices and other communications expressly permitted to be given by telephone (and subject to paragraph
(b) below), all notices and other communications provided for herein shall be in writing (including by facsimile or electronic mail), and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by
facsimile, as follows: 
 (i) if to the Grantor, to it at [     ], Facsimile No.:
[     ], email: [     ]; in each case Attention: [    ]; with copies (which shall not constitute notice) to: [     ], facsimile: [     ]; Attention:
[     ]; and 
 (ii) if to the Trustee, to it at [Name of Trustee], [     ],
Facsimile No.: [     ]; email:[     ]; in each case Attention: [     ]. 
 Spare
Engine Security Agreement 

  
 K-30 

 (b) The Trustee or the Grantor may, in its reasonable discretion, agree to accept notices and
other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. 

(c) Any party hereto may change its address or facsimile number for notices and other communications hereunder by notice to the other parties
hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Spare Engine Security Agreement shall be deemed to have been given on the date of receipt. 

Section 8.06. Severability of Provisions. To the extent permitted by applicable law, any provision of this Spare Engine Security
Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of
the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

Section 8.07. No Oral Modification or Continuing Waivers. Subject to Section 10.08 of the Credit
Agreement, no terms or provisions of this Spare Engine Security Agreement may be changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the Grantor and the Trustee. Any waiver of the terms hereof shall be
effective only in the specific instance and for the specific purpose given. 
 Section 8.08. Successors and Assigns. This Spare
Engine Security Agreement shall be binding upon the Grantor and its successors and assigns and shall inure to the benefit of the Trustee, the Collateral Agent and each Secured Party and their respective successors and permitted assigns;
provided that the Grantor may not transfer or assign any or all of its rights or obligations hereunder without the prior written consent of the Trustee, unless otherwise permitted by the applicable Loan Documents. All agreements, statements,
representations and warranties made by the Grantor herein or in any certificate or other instrument delivered by the Grantor or on its behalf under this Spare Engine Security Agreement shall be considered to have been relied upon by the Secured
Parties and shall survive the execution and delivery of this Spare Engine Security Agreement and the other Loan Documents regardless of any investigation made by the Trustee, the Collateral Agent or the Secured Parties or on their behalf. 

Section 8.09. Headings. Section headings used herein are for convenience only and are not to affect the construction or be taken
into consideration in interpreting this Spare Engine Security Agreement. 
 Spare Engine Security Agreement 

  
 K-31 

 Section 8.10. Normal Commercial Relations. Anything contained in this Spare Engine
Security Agreement to the contrary notwithstanding, the Trustee, any other Secured Party or any of their affiliates may conduct any banking or other financial transactions, and have banking or other commercial relationships, with the Grantor, fully
to the same extent as if this Spare Engine Security Agreement were not in effect, including without limitation the making of loans or other extensions of credit to the Grantor for any purpose whatsoever, whether related to any of the transactions
contemplated hereby or otherwise. 
 Section 8.11. The Grantor’s Performance and Rights. Any obligation
imposed on the Grantor herein shall require only that the Grantor perform or cause to be performed such obligation, even if stated as a direct obligation, and the performance of any such obligation by any permitted assignee, lessee or transferee
under an assignment, lease or transfer agreement then in effect and in accordance with the provisions of this Spare Engine Security Agreement shall constitute performance by the Grantor and, to the extent of such performance, discharge such
obligation by the Grantor. Except as otherwise expressly provided herein, any right granted to the Grantor in this Spare Engine Security Agreement shall grant the Grantor the right to permit such right to be exercised by any such assignee, lessee or
transferee, and, in the case of a lessee, as if the terms hereof were applicable to such lessee were such lessee the Grantor hereunder. The inclusion of specific references to obligations or rights of any such assignee, lessee or transferee in
certain provisions of this Spare Engine Security Agreement shall not in any way prevent or diminish the application of the provisions of the two sentences immediately preceding with respect to obligations or rights in respect of which specific
reference to any such assignee, lessee or transferee has not been made in this Spare Engine Security Agreement. 
 Section 8.12.
Execution in Counterparts. This Spare Engine Security Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together
shall constitute a single contract. 
 Section 8.13. Governing Law. THIS SPARE ENGINE SECURITY AGREEMENT HAS BEEN DELIVERED
IN THE STATE OF NEW YORK AND THIS SPARE ENGINE SECURITY AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS SPARE ENGINE SECURITY AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK, WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS, TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

Spare Engine Security Agreement 

  
 K-32 

 Section 8.14. Consent to Jurisdiction and Service of Process. 

(a) Each party hereto hereby irrevocably and unconditionally submits, for itself and its property in any legal action or proceeding relating to
this Spare Engine Security Agreement and the other Loan Documents to which it is a party, to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern
District of New York and appellate courts from either of them on and after the Plan Effective Date, and, prior to the Plan Effective Date, of the United States Bankruptcy Court for the Southern District of New York, and any appellate court from any
thereof, in any action or proceeding arising out of or relating to this Spare Engine Security Agreement, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be
heard and determined in such New York State court or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall, to the extent permitted by law, be
conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 
 (b) Each party
hereto hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to
this Spare Engine Security Agreement in any court referred to in Section 8.14(a). Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such
action or proceeding in any such court. 
 (c) Each party hereto hereby irrevocably and unconditionally consents to service of process in the
manner provided for notices in Section 8.05. Nothing in this Spare Engine Security Agreement will affect the right of any party to this Spare Engine Security Agreement to serve process in any other manner permitted by law.

 Section 8.15. Amendments, Etc. This Spare Engine Security Agreement may not be amended, modified or waived except with the
written consent of the Grantor and the Trustee (who shall act pursuant to and in accordance with the terms of Section 10.08 of the Credit Agreement); provided that unless separately agreed in writing between the Grantor and any Non-Lender Secured Party, no such waiver and no such amendment or modification shall amend, modify or waive Section 3.01(a) (or the definition of “Non-Lender
Secured Party” or “Secured Party” to the extent relating thereto) if such waiver, amendment, or modification would directly and adversely affect a Non-Lender Secured Party without the written
consent of such affected Non-Lender Secured Party. Any amendment, modification or supplement of or to any provision of this Spare Engine Security Agreement, any termination or waiver of any provision of this
Spare Engine Security Agreement and any consent to any departure by the Grantor from the terms of 
 Spare Engine Security Agreement 

  
 K-33 

 
any provision of this Spare Engine Security Agreement shall be effective only in the specific instance and for the specific purpose for which made or given. No notice to or demand upon the
Grantor in any instance hereunder shall entitle the Grantor to any other or further notice or demand in similar or other circumstances. For the avoidance of doubt, it is understood and agreed that any amendment, amendment and restatement, waiver,
supplement or other modification of or to any Intercreditor Agreement or any Other Intercreditor Agreement that would have the effect, directly or indirectly, through any reference herein to any Intercreditor Agreement or any Other Intercreditor
Agreement or otherwise, of waiving, amending, supplementing or otherwise modifying this Spare Engine Security Agreement, or any term or provision hereof, or any right or obligation of the Grantor hereunder or in respect hereof, shall not be given
such effect except pursuant to a written instrument executed by the Grantor and the Trustee in accordance with this Section 8.15. 

[Signature Pages Follow.] 

Spare Engine Security Agreement 

  
 K-34 

 IN WITNESS WHEREOF, the parties hereto have caused this Spare Engine Security Agreement to be
duly executed by their respective officers thereof duly authorized, as of the date first above written. 
  

			
	 [NAME OF GRANTOR]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 Signature Page

 Spare Engine Security Agreement 

 
			
	 CITIBANK, N.A., as Trustee

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 Signature Page

 Spare Engine Security Agreement 

 SCHEDULE I 

SCHEDULE OF SPARE ENGINES 
  

					
	Manufacturer	 	Engine Model	 	Serial Number

  
 Signature page

 Spare Engine Security Agreement 

 EXHIBIT A to 

SPARE ENGINE SECURITY AGREEMENT 

FORM OF SPARE ENGINE SECURITY AGREEMENT SUPPLEMENT 

SPARE ENGINE SECURITY AGREEMENT SUPPLEMENT NO. 

SPARE ENGINE SECURITY AGREEMENT SUPPLEMENT NO.      , dated
                    ,          (“Spare Engine Security Agreement Supplement”), between [NAME
OF GRANTOR] (the “Grantor”) and [NAME OF TRUSTEE], as Trustee under the Spare Engine Security Agreement (each as hereinafter defined). 

W I T N E S S E T H: 

WHEREAS, the Spare Engine Security Agreement, dated as of
                , 20     (the “Spare Engine Security Agreement”; capitalized terms used herein without definition shall have the
meanings specified therefor in Annex A to the Spare Engine Security Agreement), between the Grantor and [Name of Trustee], as security trustee (the “Trustee”), provides for the execution and delivery of supplements thereto
substantially in the form hereof which shall particularly describe one or more Spare Engine(s), and shall specifically grant a security interest in such Spare Engine to the Trustee. 

[WHEREAS, the Spare Engine Security Agreement relates to the Spare Engines described in Annex A attached hereto and made a part hereof, and a
counterpart of the Spare Engine Security Agreement Supplement is attached to and made a part of this Spare Engine Security Agreement;]11 

[WHEREAS, the Grantor has, as provided in the Spare Engine Security Agreement, heretofore executed and delivered to the Trustee Spare Engine
Security Agreement Supplement(s) for the purpose of specifically subjecting to the Lien of the Spare Engine Security Agreement certain engines therein described, which Spare Engine Security Agreement Supplement(s) is/are dated andhas/have been duly
recorded with the FAA as set forth below, to wit: 
  

					
	 Date
	  	Recordation Date	  	Conveyance No.2

 ] 
  

 

	1 	Use for Spare Engine Supplement No. 1 only. 

	2 	Use for Spare Engine Security Agreement Supplements other than Spare Engine Security Agreement Supplement No. 1. 

Spare Engine Security Agreement 

 NOW, THEREFORE, to secure all of the Obligations, and in consideration of the premises, the
mutual agreements set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Grantor hereby pledges, grants and creates a security interest and mortgage in favor of the Trustee for
its benefit and the benefit of the other Secured Parties in all estate, right, title and interest of the Grantor in, to and under the Spare Engines described in Annex A attached hereto, whether or not any such Spare Engine may from time to time be
installed on any airframe or any aircraft, and any and all Parts relating thereto, and, to the extent provided in the Spare Engine Security Agreement, all substitutions and replacements of, and additions, improvements, accessions and accumulations
to, [the][each such] Spare Engine and any and all Parts (in each case other than any substitutions, replacements, additions, improvements, accessions and accumulations that constitute items excluded from the definition of Parts by clauses
(b), (c) and (d) thereof) relating thereto; 
 TO HAVE AND TO HOLD all and singular the aforesaid property unto
the Trustee, and its successors and permitted assigns, in trust for its benefit and the benefit of other Secured Parties, except as otherwise provided in the Spare Engine Security Agreement, and for the uses and purposes and subject to the terms and
provisions set forth in the Spare Engine Security Agreement. 
 This Spare Engine Security Agreement Supplement shall be construed as
supplemental to the Spare Engine Security Agreement and shall form a part thereof, and the Spare Engine Security Agreement is hereby incorporated by reference herein and is hereby ratified, approved and confirmed. 

THIS SPARE ENGINE SECURITY AGREEMENT SUPPLEMENT HAS BEEN DELIVERED IN THE STATE OF NEW YORK AND THIS SPARE ENGINE SECURITY AGREEMENT
SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS SPARE ENGINE SECURITY AGREEMENT SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR
RULES OF CONFLICT OF LAWS, TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

[Signature Pages Follow.] 

Spare Engine Security Agreement Supplement 

  
 2 

 IN WITNESS WHEREOF, the undersigned have caused this Spare Engine Security Agreement Supplement
No.      to be duly executed by their respective duly authorized officers, on the date first above written. 
  

			
	[NAME OF GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:
	
	CITIBANK, N.A., as Trustee
		
	By:	 	  

		 	Name:
		 	Title:

 Signature Page 

Spare Engine Security Agreement Supplement 

 Annex A to 

Spare Engine Security Agreement 

DESCRIPTION OF SPARE ENGINE(S) 
  

							
	 Manufacturer
	  	 Model
	  	 Generic Manufacturer and Model
	  	 Manufacturer’s

Serial Nos.

 Each Spare Engine
has 550 or more rated takeoff horsepower or the equivalent of such horsepower and is a jet propulsion aircraft engine having at least 1750 pounds of thrust or the equivalent of such thrust. 

Spare Engine Security Agreement Supplement 

 Exhibit B to 

Spare Engine Security Agreement 

LIST OF PERMITTED COUNTRIES 
  

			
	 Australia*
	  	Japan*
	 Austria*
	  	Kuwait
	 Bahamas
	  	Liechtenstein*
	 Barbados
	  	Luxembourg*
	 Belgium
	  	Malaysia
	 Bermuda Islands
	  	Mexico
	 Brazil
	  	Monaco*
	 British Virgin Islands
	  	the Netherlands*
	 Canada*
	  	Netherlands Antilles
	 Cayman Islands
	  	New Zealand*
	 Chile
	  	Norway*
	 Czech Republic
	  	Peoples’ Republic of China
	 Denmark*
	  	Poland
	 Ecuador
	  	Portugal
	 Finland*
	  	Republic of China (Taiwan)
	 France*
	  	Singapore
	 Germany*
	  	South Africa
	 Greece
	  	South Korea
	 Hong Kong
	  	Spain
	 Hungary
	  	Sweden*
	 Iceland*
	  	Switzerland*
	 India
	  	Thailand
	 Ireland*
	  	Trinidad and Tobago
	 Italy
	  	United Kingdom*
	 Jamaica
	  	

 *Country of domicile for a manufacturer (or its Affiliate) referred to in Section 6.01(a)(ix). 

Spare Engine Security Agreement 

 Appendix A to 

Spare Engine Security Agreement 

DEFINITIONS 

“Additional Agent” shall have the meaning specified in the Intercreditor Agreement. 

“Additional Spare Engine” shall mean any engine that the Grantor has elected to subject to the Lien of the Spare Engine
Security Agreement as Additional Collateral or Qualified Replacement Assets, other than the initial Spare Engine so subjected or any Replacement Spare Engine. 

“Additional Collateral” shall have the meaning specified in the Credit Agreement. 

“Additional Collateral Documents” shall have the meaning specified in the Intercreditor Agreement. 

“Additional Credit Facility Secured Parties” shall have the meaning specified in the Intercreditor Agreement. 

“Additional Obligations” shall have the meaning specified in the Intercreditor Agreement. 

“Administrative Agent” shall have the meaning specified in the Credit Agreement. 

“Affiliate” shall have the meaning specified in the Credit Agreement. 

“Aircraft Security Agreement” means that certain Aircraft Security Agreement, dated as of the date hereof, as amended,
restated, supplemented or otherwise modified. 
 “Airframe” shall have the meaning specified in the Aircraft Security
Agreement. 
 “Appraisal” shall have the meaning specified in the Credit Agreement. 

“Appraised Value” shall have the meaning specified in the Credit Agreement. 

“Banking Product Provider” shall mean any Person that has entered into a Designated Banking Product Agreement with Parent or
the Grantor. 
 “Bankruptcy Case” shall mean (a) pursuant to or within the meaning of Bankruptcy Law, (i) a
voluntary case commenced by Parent or any of its Subsidiaries, (ii) an involuntary case in which Parent or any of its Subsidiaries consent to the entry of an order for relief against it, (iii) an appointment consented to by Parent or any
of its Subsidiaries of a custodian of it or for all or substantially all of its property, (iv) the making of a general assignment for the benefit of its creditors by Parent or any of its Subsidiaries or (v) the admission in writing of
Parent’s or any of its Subsidiaries’ inability generally to pay its debts or (b) an order or decree under any Bankruptcy Law entered by a court of competent jurisdiction that (i) is for relief against Parent or any of its
Subsidiaries in an involuntary case, (ii) appoints a custodian of Parent or any of its Subsidiaries for all or substantially all of the property of Parent or any of its Subsidiaries, (iii) orders the liquidation of Parent or any of its
Subsidiaries, and in each case of this clause (b) the order or decree remains unstayed and in effect for 60 consecutive days. 
 Spare
Engine Security Agreement 

 “Bankruptcy Code” shall mean the United States Bankruptcy Code, 11 United States
Code §§101 et seq., as amended, or any successor statutes thereto. 
 “Business Day” shall have the meaning
specified in the Credit Agreement. 
 “Cape Town Convention” shall mean the official English language text of the
Convention on International Interests in Mobile Equipment, adopted on November 16, 2001, at a diplomatic conference in Cape Town, South Africa, and all amendments, supplements, and revisions thereto (and from and after the effective date of the
Cape Town Treaty in the relevant country, means when referring to the Cape Town Convention with respect to that country, the Cape Town Convention as in effect in such country, unless otherwise indicated). 

“Cape Town Treaty” shall mean, collectively, the official English language text of (a) the Convention on International
Interests in Mobile Equipment, and (b) the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Spare Engine Equipment, in each case adopted on November 16, 2001, at a diplomatic conference in
Cape Town, South Africa, and from and after the effective date of the Cape Town Treaty in the relevant country, means when referring to the Cape Town Treaty with respect to that country, the Cape Town Treaty as in effect in such country, unless
otherwise indicated, and (c) all rules and regulations adopted pursuant thereto and, in the case of each of the foregoing described in clauses (a) through (c), all amendments, supplements, and revisions thereto. 

“Capital Stock” shall have the meaning specified in the Credit Agreement. 

“Certificated Air Carrier” shall mean an air carrier holding an air carrier operating certificate issued by the Secretary of
Transportation pursuant to Chapter 447 of Title 49 of the United States Code for aircraft capable of carrying ten or more individuals or 6,000 pounds or more of cargo. 

“Citizen of the United States” shall have the meaning specified for such term in Section 40102(a)(15) of Title 49 of the
United States Code or any similar legislation of the United States enacted in substitution or replacement therefor. 
 “Collateral
Agent” shall have the meaning specified in the Credit Agreement. 
 “Collateral Documents” shall have the meaning
specified in the Credit Agreement. 
 “Commitments” shall have the meaning specified in the Credit Agreement. 

“Compulsory Acquisition” shall mean requisition of title or other compulsory acquisition, capture, seizure, deprivation,
confiscation or detention for any reason of a Spare Engine by any government that results in the loss of title or use of such Spare Engine by the Grantor (or any Permitted Lessee) for a period in excess of 180 consecutive days, but shall exclude
requisition for use not involving requisition of title. 
 Spare Engine Security Agreement 

  
 5 

 “CRAF Program” shall mean the Civil Reserve Air Fleet Program authorized under
10 U.S.C. Section 9511 et seq. or any similar or substitute program under the laws of the United States. 
 “Credit
Agreement” shall have the meaning specified in the recitals to the Spare Engine Security Agreement. 
 “Department of
Transportation” shall mean the United States Department of Transportation and any agency or instrumentality of the United States government succeeding to its functions. 

“Designated Banking Product Agreement” shall have the meaning provided in the Credit Agreement. 

“Designated Hedging Agreement” shall have the meaning provided in the Credit Agreement. 

“Discharge of Additional Obligations” shall have the meaning specified in the Intercreditor Agreement. 

“Disposition” shall have the meaning specified in the Credit Agreement. 

“Dollars” and “$”shall mean the lawful currency of the United States. 

“EASA” shall mean the European Aviation Safety Agency of the European Union and any successor agency. 

“Election Notice” shall have the meaning specified in Section 6.04(a) of the Spare Engine Security Agreement. 

“Event of Default” shall have the meaning specified in the Credit Agreement. 

“Event of Loss” shall mean, as of any date of determination, with respect to any Spare Engine, any of the following events
with respect to such property: 
 (a) the loss of such property or of the use thereof due to destruction, damage beyond repair or rendition
of such property permanently unfit for normal use for any reason whatsoever; 
 (b) any damage to such property which results in an insurance
settlement with respect to such property on the basis of a total loss, a compromised total loss or a constructive total loss; 
 (c) the
theft, hijacking or disappearance of such property for a period in excess of 180 consecutive days; 
 (d) the requisition for use of such
property by any government that shall have resulted in the loss of possession of such property by the Grantor (or any Permitted Lessee) for a period in excess of 12 consecutive months; 

Spare Engine Security Agreement 

  
 6 

 (e) any Compulsory Acquisition; and 

(g) any divestiture of title to or interest in such Spare Engine or any event with respect to such Spare Engine that is deemed to be an Event
of Loss with respect to such Spare Engine pursuant to Section 6.01(a)(vii) or Section 6.04(d) of the Spare Engine Security Agreement. 

“FAA” shall mean the United States Federal Aviation Administration and any agency or instrumentality of the United States
government succeeding to its functions. 
 “Government” shall mean the government of any of Canada, France, Germany, Japan,
The Netherlands, Sweden, Switzerland, the United Kingdom or the United States and any instrumentality or agency thereof. 

“Grantor” shall have the meaning specified in the preamble to the Spare Engine Security Agreement 

“Hedging Provider” shall mean any Person that has entered into a Designated Hedging Agreement with Parent or the Grantor.

 “Indebtedness” shall have the meaning specified in the Credit Agreement. 

“Intercreditor Agreement” shall have the meaning specified in the Credit Agreement. 

“International Interest” shall have the meaning ascribed to the defined term “international interest” under the
Cape Town Treaty. 
 “International Registry” shall mean the international registry established pursuant to the Cape Town
Treaty. 
 “JAA” shall mean the Joint Aviation Authorities and any successor authority. 

“Lease” shall mean any lease permitted by the terms of Section 6.01(a) of the Spare Engine Security Agreement. 

“Lender” shall have the meaning specified in the recitals of the Credit Agreement. 

“Letters of Credit” shall have the meaning specified in the Credit Agreement. 

“Lien” shall have the meaning specified in the Credit Agreement. 

“Loan Documents” shall have the meaning specified in the Credit Agreement. 

“Non-Lender Secured Parties” shall mean, collectively, all Banking Product Providers
and Hedging Providers and their respective successors, assigns and transferees. For the avoidance of doubt, “Non-Lender Secured Parties” shall exclude Banking Product Providers and Hedging Providers
in their capacities as Lenders, if applicable. 
 Spare Engine Security Agreement 

  
 7 

 “Obligations” shall have the meaning specified in the Credit Agreement. For the
avoidance of doubt, “Obligations” does not include any Indebtedness or other obligations under any Pari Passu Notes (as defined in the Credit Agreement). 

“Officer’s Certificate” shall have the meaning specified in the Credit Agreement. 

“Other Intercreditor Agreement” shall have the meaning specified in the Credit Agreement. 

“Parent” shall have the meaning specified in the recitals to the Spare Engine Security Agreement. 

“Parts” shall mean, with respect to any Spare Engine, any and all appliances, parts, instruments, appurtenances, accessories,
furnishings and other equipment of whatever nature (other than (a) any such complete Spare Engines or engines and (b) any items leased by the Grantor or any Permitted Lessee) so long as the same shall be incorporated or installed in or
attached to such Spare Engine or so long as the same shall be subject to the Lien of the Spare Engine Security Agreement in accordance with the terms of Section 6.03 thereof after removal from such Spare Engine. 

“Permitted Disposition” shall have the meaning specified in the Credit Agreement. 

“Permitted Lessee” shall mean any Person to whom the Grantor is permitted to lease any Spare Engine pursuant to Section
6.01(a) of the Spare Engine Security Agreement. 
 “Permitted Liens” shall have the meaning specified in the Credit
Agreement. 
 “Person” shall have the meaning specified in the Credit Agreement. 

“Prospective International Interest” shall have the meaning ascribed to the defined term 

“prospective international interest” under the Cape Town Treaty. 

“Qualified Replacement Assets” shall have the meaning specified in the Credit Agreement. 

“Replacement Spare Engine” shall mean, with respect to any Spate Engine to be replaced pursuant to Section 6.03(d), Section
6.04(a) or Section 6.04(b) of the Spare Engine Security Agreement, an engine of the same make and model as such Spare Engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use
on the related Airframe with the other related Engine (or any other Replacement Spare Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Spare Engine Security Agreement pursuant to
Section 6.03 or Section 6.04 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts. 

“Responsible Officer” shall have the meaning specified in the Credit Agreement. 

Spare Engine Security Agreement 

  
 8 

 “Secured Parties” shall have the meaning specified in the Credit Agreement. 

“Senior Priority Obligations” shall have the meaning specified in the Intercreditor Agreement. 

“Senior Priority Representative” shall have the meaning specified in the Intercreditor Agreement. 

“Spare Engine” shall mean (a) each engine further described on Schedule I hereto and any Additional Spare Engine or
Replacement Spare Engine further described in Annex A to a Spare Engine Security Agreement Supplement originally executed and delivered in respect of such engine under the Spare Engine Security Agreement (except (i) any and all Parts related to
such Spare Engine or engines and (ii) items installed or incorporated in or attached to such engine from time to time that are excluded from the definition of Parts by clauses (b), (c) and (d) thereof) and (b) any and all related
Parts. The term “Spare Engine” shall include any Replacement Spare Engine that may from time to time be substituted for any Spare Engine pursuant to Section 6.04 of the Spare Engine Security Agreement or any airframe subjected to the
Lien of the Spare Engine Security Agreement in connection with an Additional Spare Engine that has been subjected to the Lien of the Spare Engine Security Agreement pursuant to Section 7.03 of the Spare Engine Security Agreement. At such time
as a Replacement Spare Engine shall be so substituted and the Spare Engine for which such substitution is made shall be released from the Lien of the Spare Engine Security Agreement, such replaced Spare Engine shall cease to be a Spare Engine under
the Spare Engine Security Agreement. The term “Spare Engine” shall not include any Spare Engine after the Lien of the Spare Engine Security Agreement shall have been terminated with respect thereto. 

“Spare Engine Closing Date” shall mean with respect to any engine, the date such engine is subjected to the Lien of the Spare
Engine Security Agreement. 
 “Spare Engine Collateral” shall have the meaning specified in the granting clause of the
Spare Engine Security Agreement. 
 “Spare Engine Security Agreement” shall mean the Spare Engine Security Agreement, dated
as of [•], between the Grantor and the Trustee acting on behalf of the Collateral Agent, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms, including supplementation by a Spare Engine
Security Agreement Supplement pursuant to the Spare Engine Security Agreement. 
 “Spare Engine Security Agreement
Supplement” shall mean a supplement to the Spare Engine Security Agreement executed and delivered thereunder, substantially in the form of Exhibit A to the Spare Engine Security Agreement, which shall describe any Spare Engine and any
Replacement Spare Engine included in the property subject to the Lien of the Spare Engine Security Agreement. 

“Subsidiary” shall have the meaning specified in the Credit Agreement. 

Spare Engine Security Agreement 

  
 9 

 “Substitution Date” shall have the meaning specified in Section 6.04(a) of the
Spare Engine Security Agreement. 
 “Taxes” shall have the meaning specified in the Credit Agreement. 

“Transportation Code” shall mean that portion of Title 49 of the United States Code comprising those provisions formerly
referred to as the Federal Aviation Act of 1958, as amended, or any subsequent legislation that amends, supplements or supersedes such provisions. 

“Trustee” shall have the meaning specified in the preamble to the Spare Engine Security Agreement. 

“UCC” shall mean the Uniform Commercial Code as in effect in any applicable jurisdiction. 

“United States” shall mean the United States of America. 

“Warranty Rights” shall mean, with respect to any Spare Engine, the rights of the Grantor under any warranty or indemnity,
express or implied, regarding title, materials, workmanship, design and patent infringement, or related matters in respect of such Spare Engine, in each case to the extent that: (a) such rights relate to such Spare Engine (and not to any other
properties or assets), (b) such rights are assignable at no additional expense to the Grantor, and (c) such assignment does not require the consent of any Person and does not violate any contract or agreement binding upon the Grantor relating
to such rights. 
 Spare Engine Security Agreement 

  
 10 

 EXHIBIT L TO 

CREDIT AND GUARANTY AGREEMENT 

OFFICER’S CERTIFICATE 

Collateral Coverage Ratio Certificate 

AMERICAN AIRLINES, INC. 

Reference is made to the Amended and Restated Credit and Guaranty Agreement, dated as of December 15, 2016 (as may be amended, restated,
amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms defined therein being used herein as therein defined), by and among AMERICAN AIRLINES, INC., a Delaware
corporation (the “Borrower”), AMERICAN AIRLINES GROUP INC., a Delaware corporation (“Parent”), the direct and indirect Domestic Subsidiaries of Parent from time to time party thereto other than the Borrower, each of
the several banks and other financial institutions or entities from time to time party thereto as a lender (the “Lenders”), CITIBANK, N.A., as administrative agent for the Lenders and as collateral agent for the Secured Parties.

 [This certificate is being delivered pursuant to Section 4.02(d) of the Credit Agreement. The undersigned hereby certifies, on behalf of
the Borrower, that the Collateral Coverage Ratio as of [insert applicable date of Loan and/or Letter of Credit], giving pro forma effect to any Loans made on, and/or Letters of Credit issued on, such date, is [    ] to 1.0.]1 
 [This certificate is being delivered in connection with a Disposition of Collateral
pursuant to Section 6.04(ii)(D) of the Credit Agreement. The undersigned hereby certifies, on behalf of the Borrower, that the Collateral Coverage Ratio as of [insert applicable date of Disposition of Collateral], giving pro forma effect to such
Disposition of Collateral and any actions taken pursuant to Section 6.04(ii)(B)(II), is [ ] to 1.0 and that the Collateral includes at least one category of Core Collateral after giving effect to such Disposition and any actions taken pursuant to
clause 6.04(B)(II).]2 
 [This certificate is being delivered pursuant to Section
6.09(a) of the Credit Agreement. The undersigned hereby certifies, on behalf of the Borrower, that the Collateral Coverage Ratio as of [insert applicable Reference Date] is [    ] to 1.0. [and that the Collateral includes at
least one category of Core Collateral3]]4 

 

	1 	For Collateral Coverage Ratio Certificate delivered pursuant to Section 4.02(d) of the Credit Agreement. 

	2 	For Collateral Coverage Ratio Certificate delivered pursuant to Sections 5.01(i) and 6.04(ii)(D) of the Credit Agreement. 

	3 	Include bracketed language only if Reference Date occurs on or after the Initial Collateral Release Date. 

	4 	For Collateral Coverage Ratio Certificate delivered pursuant to Sections 5.01(f) and 6.09(a) of the Credit Agreement 

  
 L-1 

 [This certificate is being delivered in connection with a release of Collateral pursuant to
Section 6.09(c) of the Credit Agreement. The undersigned hereby certifies, on behalf of the Borrower, that (A) no Event of Default has occurred and is continuing, (B) the Collateral Coverage Ratio as of the date hereof, giving pro forma
effect to such release and any actions taken pursuant to Section 6.09(c)(B)(y), is [    ] to 1.0 and (C) [no Core Collateral Failure has occurred as a result of such Borrower Release]/[the Borrower shall grant a security interest
in additional assets pledged as Additional Collateral such that the Collateral would include at least one category of Core Collateral].]5 

[This certificate is being delivered in connection with a Permitted Disposition of Leased Collateral pursuant to clause (6)(B) of the
definition of Permitted Disposition. The undersigned hereby certifies, on behalf of the Borrower, that the Collateral Coverage Ratio as of the date hereof, giving pro forma effect to such Permitted Disposition, is [    ] to 1.0.]6 
 Annex A sets forth the calculation of the Collateral Coverage Ratio. 

[Remainder of page intentionally left blank.] 

 

	5 	For Collateral Coverage Ratio Certificate delivered pursuant to Section 6.09(c) of the Credit Agreement. 

	6 	For Collateral Coverage Ratio Certificate delivered pursuant to clause 6(B) of the definition of Permitted Disposition. 

  
 L-2 

 IN WITNESS WHEREOF, the undersigned has hereunto set his name as of
[            ]. 
  

			
	AMERICAN AIRLINES, INC.
		
	By:	 	  

		 	Name:
		 	Title:

 [Officer’s Certificate – Collateral Coverage Ratio] 

  
 L-3 

 Collateral Coverage Ratio Calculation 

 

									
	(1)	  	If on the or before the 180th day following the Closing Date, the sum of:	  	$	            	 
				
		  	(a)	  	the Appraised Value of the Collateral (other than the Specified Real Property Assets)	  	$	            	 
				
		  	(b)	  	the Appraised Value of the Specified Real Property Assets as of the Closing Date	  	$	            	 
				
		  		  	Total (sum of lines (a) and (b)	  	$	            	 
			
		  	If after the 180th day following the Closing Date, the Appraised Value of the Collateral	  	$	            	 
			
	(2)	  	Sum (without duplication) of the following:	  			
				
		  	(a)	  	The outstanding Total Revolving Extensions of Credit (other than LC Exposure that has been Cash Collateralized in accordance with Section 2.02(j) of the Credit Agreement)	  	$	            	 
				
		  	(b)	  	plus, the aggregate outstanding principal amount of all Class B Term Loans	  	$	            	 
				
		  	(c)	  	plus, the aggregate outstanding principal amount of all Pari Passu Senior Secured Debt	  	$	            	 
				
		  	(d)	  	plus, the aggregate outstanding amount of all Designated Hedging Obligations that constitute “Obligations”	  	$	            	 
				
		  	(e)	  	plus, the aggregate outstanding amount of all Designated Banking Product Obligations that constitute “Obligations”	  	$	            	 
				
		  		  	 Total Obligations (sum of lines (a), (b), (c), (d) and (e)
	  	$	            	 
			
		  	Ratio of (1) to (2):	  			

  
 L-4 

 EXHIBIT M TO 

CREDIT AND GUARANTY AGREEMENT 

[Form of] 
 INTERCREDITOR
AGREEMENT 
 dated as of [    ] 

by and between 

[    ] 
 as
Original First Lien Agent, 
 and 

[    ] 
 as
[    ]i [First/Second]ii Lien Agent 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE I. DEFINITIONS
	  	 	2	 
			
	 Section 1.01
	 	 UCC Definitions
	  	 	2	 
	 Section 1.02
	 	 Other Definitions
	  	 	2	 
	 Section 1.03
	 	 Rules of Construction
	  	 	24	 
		
	 ARTICLE II. LIEN PRIORITY
	  	 	25	 
			
	 Section 2.01
	 	 Lien Priority
	  	 	25	 
	 Section 2.02
	 	 Waiver of Right to Contest Liens
	  	 	29	 
	 Section 2.03
	 	 Remedies Standstill
	  	 	30	 
	 Section 2.04
	 	 Exercise of Rights
	  	 	33	 
	 Section 2.05
	 	 No New Liens
	  	 	35	 
	 Section 2.06
	 	 Waiver of Marshalling
	  	 	37	 
		
	 ARTICLE III. ACTIONS OF THE PARTIES
	  	 	37	 
			
	 Section 3.01
	 	 Agent for Perfection
	  	 	37	 
	 Section 3.02
	 	 Sharing of Information and Access
	  	 	38	 
	 Section 3.03
	 	 Insurance
	  	 	38	 
	 Section 3.04
	 	 No Additional Rights for the Loan Parties Hereunder
	  	 	38	 
		
	 ARTICLE IV. APPLICATION OF PROCEEDS
	  	 	39	 
			
	 Section 4.01
	 	 Application of Proceeds
	  	 	39	 
	 Section 4.02
	 	 Specific Performance and Other Relief
	  	 	42	 
		
	 ARTICLE V. INTERCREDITOR ACKNOWLEDGEMENTS AND WAIVERS
	  	 	42	 
			
	 Section 5.01
	 	 Notice of Acceptance and Other Waivers
	  	 	42	 
	 Section 5.02
	 	 Modifications to Senior Priority Documents and Junior Priority Documents
	  	 	43	 
	 Section 5.03
	 	 Reinstatement and Continuation of Agreement
	  	 	47	 
	 Section 5.04
	 	 Excluded Cash Collateral
	  	 	48	 
		
	 ARTICLE VI. INSOLVENCY PROCEEDINGS
	  	 	48	 
			
	 Section 6.01
	 	 DIP Financing
	  	 	48	 
	 Section 6.02
	 	 Relief from Stay
	  	 	49	 
	 Section 6.03
	 	 No Contest
	  	 	49	 
	 Section 6.04
	 	 Asset Sales
	  	 	50	 
	 Section 6.05
	 	 Separate Grants of Security and Separate Classification
	  	 	50	 
	 Section 6.06
	 	 Enforceability
	  	 	51	 
	 Section 6.07
	 	 Senior Priority Obligations Unconditional
	  	 	51	 
	 Section 6.08
	 	 Junior Priority Obligations Unconditional
	  	 	52	 

							
	 Section 6.09
	 	 Adequate Protection
	  	 	52	 
	 Section 6.10
	 	 Certain Waivers
	  	 	53	 
		
	 ARTICLE VII. MISCELLANEOUS
	  	 	54	 
			
	 Section 7.01
	 	 Rights of Subrogation
	  	 	54	 
	 Section 7.02
	 	 Further Assurances
	  	 	54	 
	 Section 7.03
	 	 Agent Representations
	  	 	54	 
	 Section 7.04
	 	 Amendments
	  	 	55	 
	 Section 7.05
	 	 Addresses for Notices
	  	 	56	 
	 Section 7.06
	 	 No Waiver, Cumulative Remedies
	  	 	56	 
	 Section 7.07
	 	 Continuing Agreement, Transfer of Secured Obligations
	  	 	57	 
	 Section 7.08
	 	 GOVERNING LAW
	  	 	57	 
	 Section 7.09
	 	 Counterparts
	  	 	57	 
	 Section 7.10
	 	 No Third-Party Beneficiaries
	  	 	57	 
	 Section 7.11
	 	 Designation of Additional Indebtedness; Joinder of Additional Agents
	  	 	58	 
	 Section 7.12
	 	 Senior Priority Representative; Notice of Senior Priority Representative Change
	  	 	59	 
	 Section 7.13
	 	 [Reserved]
	  	 	59	 
	 Section 7.14
	 	 Provisions Solely to Define Relative Rights
	  	 	60	 
	 Section 7.15
	 	 Headings
	  	 	60	 
	 Section 7.16
	 	 Severability
	  	 	60	 
	 Section 7.17
	 	 Attorneys’ Fees
	  	 	60	 
	 Section 7.18
	 	 VENUE; JURY TRIAL WAIVER
	  	 	60	 
	 Section 7.19
	 	 Intercreditor Agreement
	  	 	61	 
	 Section 7.20
	 	 No Warranties or Liability
	  	 	61	 
	 Section 7.21
	 	 Conflicts
	  	 	61	 
	 Section 7.22
	 	 Information Concerning Financial Condition of the Loan Parties
	  	 	61	 
	 Section 7.23
	 	 Excluded Assets
	  	 	62	 

  

			
	Exhibits:	  	
	Exhibit A	  	— Additional Indebtedness Designation
	Exhibit B	  	— Additional Indebtedness Joinder
	Exhibit C	  	— First Lien Credit Agreement or [    ]i[First/Second Lien]ii Credit Facility Joinder
	Exhibit D	  	— Trustee Joinder

 INTERCREDITOR AGREEMENT 

This Intercreditor Agreement (as amended, restated, supplemented, waived or otherwise modified from time to time pursuant to the terms hereof,
this “Agreement”) is entered into as of [    ] between [    ], in its capacity as collateral agent (together with its successors and assigns in such capacity from time to time and as further
defined herein, the “Original First Lien Agent”) for the Original First Lien Secured Parties referred to below, and [    ], in its capacity as collateral agent (together with its successors and assigns in such
capacity from time to time and as further defined herein, the “[    ] i [First/Second]ii Lien Agent”) for the [    ]i [First/Second]ii Lien Lenders
referred to below party from time to time to the [    ] i [First/Second]ii Lien Credit Agreement referred to below.
Capitalized terms defined in Article I hereof are used in this Agreement as so defined. 
 PRELIMINARY STATEMENT 

Pursuant to the Original First Lien Credit Agreement, the Original First Lien Credit Agreement Lenders have agreed to make certain loans and
other financial accommodations to or for the benefit of the Original First Lien Borrower. 
 Pursuant to the Original First Lien Credit
Agreement, the Original First Lien Guarantors have agreed to guarantee the payment and performance of the Original First Lien Borrower’s obligations under the Original First Lien Documents. 

Pursuant to the [    ]i [First/Second]ii Lien Credit Facility, [    ]i [First/Second]ii Lien Creditors have
agreed to make certain extensions of credit to or for the benefit of the [    ]iii Borrower, as more particularly provided therein. 

Pursuant to the [    ]i [First/Second]ii Lien Guarantees, the [    ]i [First/Second]ii Lien Guarantors have
agreed to guarantee the payment and performance of the [    ]iii Borrower’s obligations under the
[    ]i [First/Second]ii Lien Documents. 

Pursuant to this Agreement, the Company may, from time to time, designate certain additional obligations of any Loan Party as
“Additional Indebtedness” by executing and delivering an Additional Indebtedness Designation hereunder and by complying with the procedures set forth in Section 7.11 hereof, and the holders of such
Additional Indebtedness and any other applicable Additional Credit Facility Secured Party shall thereafter constitute Senior Priority Creditors or Junior Priority Creditors (as so designated by the Company), as the case may be, and any Additional
Agent therefor shall thereafter constitute a Senior Priority Agent or Junior Priority Agent (as so designated by the Company), as the case may be, for all purposes under this Agreement. 

Each of the Original First Lien Agent (on behalf of the Original First Lien Secured Parties) and the [    ]i [First/Second]ii Lien Agent (on behalf of the [    ]i [First/Second]ii Lien Secured Parties) and, by their acknowledgment hereof, the Original First Lien Loan Parties and the [    ]i
[First/Second]ii Lien Loan Parties, desire to agree to the relative priority of Liens on the Collateral and certain other rights, priorities and interests as provided herein. 

  
 1 

 Accordingly, in consideration of the foregoing and for other good and valuable consideration,
receipt of which is hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I. 

DEFINITIONS 
 Section 1.01
UCC Definitions. The following terms which are defined in the Uniform Commercial Code are used herein as so defined: Accounts, Chattel Paper, Deposit Accounts, Documents, Financial Assets, Instruments, Investment Property, Money, Security and
Security Entitlements. 
 Section 1.02 Other Definitions. As used in this Agreement, the following terms shall have the meanings
set forth below: 
 “Additional Agent” shall mean any one or more administrative agents, collateral agents, security
agents, trustees or other representatives for or of any one or more Additional Credit Facility Secured Parties, and shall include any successor thereto, as well as any Person designated as an “Agent” under any Additional Credit Facility.

 “Additional Bank Products Affiliate” shall mean any Person who (a) has entered into a Bank Products Agreement with
any Additional Loan Party with the obligations of such Additional Loan Party thereunder being secured by one or more Additional Collateral Documents, (b) was an Additional Agent, an Additional Credit Facility Lender or an Affiliate of an
Additional Credit Facility Lender on the date hereof, or at the time of entry into such Bank Products Agreement, or at the time of the designation referred to in the following clause (c), and (c) has been designated by the Company in accordance
with the terms of one or more Additional Collateral Documents (provided that no Person shall, with respect to any Bank Products Agreement, be at any time a Bank Products Affiliate hereunder with respect to more than one Credit Facility). 

“Additional Borrower” shall mean any Additional Loan Party that incurs or issues Additional Indebtedness under any Additional
Credit Facility, together with its successors and assigns. 
 “Additional Collateral Documents” shall mean all
“Collateral Documents” as defined in any Additional Credit Facility, and in any event shall include all security agreements, mortgages, deeds of trust, pledges and other collateral documents executed and delivered in connection with
any Additional Credit Facility, and any other agreement, document or instrument pursuant to which a Lien is granted securing any Additional Obligations or under which rights or remedies with respect to such Liens are governed, in each case as the
same may be amended, modified or supplemented from time to time. 
 “Additional Credit Facilities” shall mean (a) any
one or more agreements, instruments and documents under which any Additional Indebtedness is or may be incurred, including any credit agreements, loan agreements, indentures, guarantees or other financing agreements, in each case as the same may be
amended, supplemented, waived or otherwise modified from time to time, together with (b) if designated by the Company, any other agreement (including any 

  
 2 

 
credit agreement, loan agreement, indenture or other financing agreement) extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the
Additional Obligations, whether by the same or any other lender, debtholder or group of lenders or debtholders, or the same or any other agent, trustee or representative therefor, or otherwise, and whether or not increasing the amount of any
Indebtedness that may be incurred thereunder; provided that all Indebtedness that is Senior Priority Debt incurred under such other agreements meets the requirements of Additional Indebtedness. 

“Additional Credit Facility Lenders” shall mean one or more holders of Additional Indebtedness (or commitments therefor) that
is or may be incurred under one or more Additional Credit Facilities, together with their successors, assigns and transferees, as well as any Person designated as an “Additional Credit Facility Lender” under any Additional Credit Facility.

 “Additional Credit Facility Secured Parties” shall mean all Additional Agents, all Additional Credit Facility Lenders,
all Additional Bank Products Affiliates and all Additional Hedging Affiliates, and all successors, assigns, transferees and replacements thereof, as well as any Person designated as an “Additional Credit Facility Secured Party” under any
Additional Credit Facility; and with respect to any Additional Agent, shall mean the Additional Credit Facility Secured Party represented by such Additional Agent. 

“Additional Documents” shall mean, with respect to any Indebtedness designated as Additional Indebtedness hereunder, any
Additional Credit Facilities, any Additional Guarantees, any Additional Collateral Documents, any Bank Products Agreements between any Loan Party and any Additional Bank Products Affiliate, any Hedging Agreements between any Loan Party and any
Additional Hedging Affiliate, those other ancillary agreements as to which any Additional Credit Facility Secured Party is a party or a beneficiary and all other agreements, instruments, documents and certificates, now or hereafter executed by or on
behalf of any Loan Party or any of its respective Subsidiaries or Affiliates, and delivered to any Additional Agent, in connection with any of the foregoing or any Additional Credit Facility, including any intercreditor or joinder agreement among
any of the Additional Credit Facility Secured Parties or among any of the Secured Parties and any Additional Credit Facility Secured Parties, in each case as the same may be amended, supplemented, waived or otherwise modified from time to time. 

“Additional Effective Date” shall have the meaning set forth in Section 7.11(b). 

“Additional Guarantees” shall mean any one or more guarantees of any Additional Obligations of any Additional Loan Party by
any other Additional Loan Party in favor of any Additional Credit Facility Secured Party, in each case as the same may be amended, supplemented, waived or otherwise modified from time to time. 

“Additional Guarantor” shall mean any Additional Loan Party that at any time has provided an Additional Guarantee. 

“Additional Hedging Affiliate” shall mean any Person who (a) has entered into a Hedging Agreement with any Additional
Loan Party with the obligations of such Additional Loan Party thereunder being secured by one or more Additional Collateral Documents, (b) was 

  
 3 

 
an Additional Agent, an Additional Credit Facility Lender or an Affiliate of an Additional Credit Facility Lender at the time of entry into such Hedging Agreement, or on or prior to the date
hereof, or at the time of the designation referred to in the following clause (c), and (c) has been designated by the Company in accordance with the terms of one or more Additional Collateral Documents (provided that no Person shall,
with respect to any Hedging Agreement, be at any time a Hedging Affiliate hereunder with respect to more than one Credit Facility). 

“Additional Indebtedness” shall mean any Additional Specified Indebtedness that 

(a) is secured by a Lien on Collateral and is permitted to be so secured by: 

(i) prior to the Discharge of Original First Lien Obligations, Section 6.06 of the Initial Original
First Lien Credit Agreement (if the Initial Original First Lien Credit Agreement is then in effect) or the corresponding negative covenant restricting Liens contained in any other Original First Lien Credit Agreement then in effect if the Initial
Original First Lien Credit Agreement is not then in effect (which covenant is designated in such Original First Lien Credit Agreement as applicable for purposes of this definition); 

(ii) prior to the Discharge of [    ]i [First/Second]ii Lien Obligations, Section [    ]iv of the
[    ]i [First/Second]ii Lien Credit Facility (if the [    ]i [First/Second]ii Lien Credit Facility is then in effect) or the corresponding negative covenant restricting Liens contained in any other
[    ]i [First/Second]ii Lien Credit Facility then in effect (which covenant is designated in such
[    ]i [First/Second]ii Lien Credit Facility as applicable for purposes of this definition); and 

(iii) prior to the Discharge of Additional Obligations, any negative covenant restricting Liens contained in any applicable
Additional Credit Facility then in effect (which covenant is designated in such Additional Credit Facility as applicable for purposes of this definition); and 

(b) is designated as “Additional Indebtedness” by the Original First Lien Borrower pursuant to an Additional Indebtedness
Designation and in compliance with the procedures set forth in Section 7.11. 
 As used in this definition of
“Additional Indebtedness”, the term “Lien” shall have the meaning set forth (x) for purposes of the preceding clause (a)(i), prior to the Discharge of Original First Lien Obligations, in
Section 1.01 of the Initial Original First Lien Credit Agreement (if the Initial Original First Lien Credit Agreement is then in effect), or in any other Original First Lien Credit Agreement then in effect (if the Initial
Original First Lien Credit Agreement is not then in effect), (y) for purposes of the preceding clause (a)(ii), prior to the Discharge of [    ]i [First/Second]ii Lien Obligations, in Section [    ]v of the
[    ]i [First/Second]ii Lien Credit Facility (if the [    ]i [First/Second]ii Lien Credit Facility is then in effect), or in any other
[    ]i [First/Second]ii Lien Credit Facility then in effect (if the [    ]i [First/Second]ii Lien Credit Facility is not then in effect), and (z) for purposes of the preceding clause (a)(iii), prior to the Discharge
of Additional Obligations, in the applicable Additional Credit Facility then in effect. 

  
 4 

 “Additional Indebtedness Designation” shall mean a certificate of the Original
First Lien Borrower with respect to Additional Indebtedness, substantially in the form of Exhibit A attached hereto. 

“Additional Indebtedness Joinder” shall mean a joinder agreement executed by one or more Additional Agents in respect of any
Additional Indebtedness subject to an Additional Indebtedness Designation on behalf of one or more Additional Credit Facility Secured Parties in respect of such Additional Indebtedness, substantially in the form of Exhibit B attached hereto.

 “Additional Loan Party” shall mean the Original First Lien Borrower, Holdings (so long as it is a guarantor under any of
the Additional Guarantees), each direct or indirect Subsidiary of the Original First Lien Borrower or any of its Affiliates that is or becomes a party to any Additional Document, and any other Person who becomes a guarantor under any of the
Additional Guarantees. 
 “Additional Obligations” shall mean any and all loans and all other obligations, liabilities and
indebtedness of every kind, nature and description, whether now existing or hereafter arising, whether arising before, during or after the commencement of any case with respect to any Additional Loan Party under the Bankruptcy Code or any other
Insolvency Proceeding, owing by each Additional Loan Party from time to time under any Additional Document to any Additional Agent, any Additional Credit Facility Secured Parties or any of them, including any Additional Bank Products Affiliates or
Additional Hedging Affiliates, whether for principal, premium interest (including interest and fees which, but for the filing of a petition in bankruptcy with respect to such Additional Loan Party, would have accrued on any Additional Obligation,
whether or not a claim is allowed against such Additional Loan Party for such interest and fees in the related bankruptcy proceeding), reimbursement for amounts drawn under letters of credit, fees, expenses, indemnification or otherwise, and all
other amounts owing or due under the terms of the Additional Documents, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time. 

“Additional Specified Indebtedness” shall mean any Indebtedness that is or may from time to time be incurred by any Loan
Party in compliance with: 
 (i) prior to the Discharge of Original First Lien Obligations, the Initial Original First Lien
Credit Agreement (if the Initial Original First Lien Credit Agreement is then in effect) or any other Original First Lien Credit Agreement then in effect if the Initial Original First Lien Credit Agreement is not then in effect; 

(ii) prior to the Discharge of [    ]i [First/Second]ii Lien Obligations, the [    ]i [First/Second]ii Lien Credit Facility (if
the [    ]i [First/Second]ii Lien Credit Facility is then in effect) or any other [    ]i [First/Second]ii Lien Credit Facility then in effect; and 

(iii) prior to the Discharge of Additional Obligations, any Additional Credit Facility then in effect. 

As used in this definition of “Additional Specified Indebtedness”, the term “Indebtedness” shall have the meaning set
forth (x) for purposes of the preceding clause (i), prior to the Discharge of Original First Lien Obligations, in Section 1.01 of the Initial Original First 

  
 5 

 
Lien Credit Agreement (if the Initial Original First Lien Credit Agreement is then in effect), or in any other Original First Lien Credit Agreement then in effect (if the Initial Original First
Lien Credit Agreement is not then in effect), (y) for purposes of the preceding clause (ii), prior to the Discharge of Initial [    ]i [First/Second]ii Lien Obligations, in Section 1.01 of the [    ]i [First/Second]ii Lien Credit Facility (if the [    ]i [First/Second]ii Lien Credit
Facility is then in effect), or in any other [    ]i [First/Second]ii Lien Credit Facility then in effect (if the
[    ]i [First/Second]ii Lien Credit Facility is not then in effect), and (z) for purposes of the preceding clause
(iii), prior to the Discharge of Additional Obligations, in the applicable Additional Credit Facility then in effect. In the event that any Indebtedness as defined in any such Credit Document shall not be Indebtedness as defined in any other such
Credit Document, but is or may be incurred in compliance with such other Credit Document, such Indebtedness shall constitute Additional Specified Indebtedness for the purposes of such other Credit Document. 

“Affiliate” shall mean, as to any Person, any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person. For purposes of this definition, “control,” as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction
of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. For purposes of this definition, the terms “controlling,” “controlled by” and “under common control
with” have corresponding meanings. 
 “Agent” shall mean any Senior Priority Agent or Junior Priority Agent. 

“Agreement” shall have the meaning assigned thereto in the Preamble hereto. 

“Airport Authority” shall mean any city or any public or private board or other body or organization chartered or otherwise
established for the purpose of administering, operating or managing an airport or related facilities. 
 “Aircraft Related
Equipment” shall mean aircraft (including engines, airframes, propellers and appliances), engines, propellers, spare parts, aircraft parts, simulators and other training devices, quick engine change kits, passenger loading bridges, other
flight or ground service equipment, de-icers, ground support equipment, aircraft cleaning devices, materials handling equipment, passenger walkways and other similar equipment or other operating assets. 

“Bank Products Affiliate” shall mean any Original First Lien Bank Products Affiliate, any [    ]i [First/Second]ii Lien Bank Products Affiliate or any Additional Bank Products Affiliate, as applicable. 

“Bank Products Agreement” shall mean any agreement to provide treasury, depository and cash management services, netting
services and automated clearing house transfers of funds services, including obligations for the payment of fees, interest, charges, expenses, attorneys’ fees and disbursements in connection therewith. Treasury, depository and cash management
services, netting services and automated clearing house transfers of funds services include, without limitation: corporate purchasing, fleet and travel credit card and prepaid card programs, electronic check processing, electronic receipt services,
lockbox services, cash consolidation, concentration, positioning and investing, fraud prevention services, and disbursement services. 

  
 6 

 “Bankruptcy Code” shall mean The Bankruptcy Reform Act of 1978, as heretofore
and hereafter amended, and codified as 11 U.S.C. Section 101 et seq. 
 “Bankruptcy Law” shall mean the Bankruptcy
Code or any similar federal, state or foreign law for the relief of debtors. 
 “Borrower” shall mean any of the Original
First Lien Borrower, the [    ]i [First/Second]ii Lien Borrower and any Additional Borrower. 

“Business Day” shall mean a day other than a Saturday, Sunday or other day on which commercial banks in the City of New York
are authorized or required by law to close. 
 “Capital Lease Obligation” shall mean, at the time any determination is to
be made, the amount of the liability in respect of a capital lease that would at that time be required to be capitalized and reflected as a liability on a balance sheet prepared in accordance with GAAP, and the stated maturity thereof shall be the
date of the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be prepaid by the lessee without payment of a penalty. 

“Capital Stock” shall mean: 

(1) in the case of a corporation, corporate stock; 

(2) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however
designated) of corporate stock; 
 (3) in the case of a partnership or limited liability company, partnership interests (whether general or
limited) or membership interests; and 
 (4) any other interest or participation that confers on a Person the right to receive a share of
the profits and losses of, or distributions of assets of, the issuing Person, 
 but excluding from all of the foregoing clauses
(1) through (4) any debt securities convertible into Capital Stock, whether or not such debt securities include any right of participation with Capital Stock. 

“Cash Collateral” shall mean any Collateral consisting of Money or Cash Equivalents, any Security Entitlement and any
Financial Assets. 
 “Cash Equivalents” shall mean, as of the date acquired, purchased or made, as applicable: 

(A) marketable securities or other obligations (a) issued or directly and unconditionally guaranteed as to interest and principal by the
United States government or (b) issued or unconditionally guaranteed as to interest and principal by any agency or instrumentality of the United States the obligations of which are backed by the full faith and credit of the United States, in
each case maturing within three years after such date; 

  
 7 

 (B) direct obligations issued by any state of the United States of America or any political
subdivision of any such state or any instrumentality thereof, in each case maturing within three years after such date and having a rating of at least A- (or the equivalent thereof) from S&P or A3 (or the
equivalent thereof) from Moody’s; 
 (C) obligations of domestic or foreign companies and their subsidiaries (including, without
limitation, agencies, sponsored enterprises or instrumentalities chartered by an Act of Congress, which are not backed by the full faith and credit of the United States), including, without limitation, bills, notes, bonds, debentures, and
mortgage-backed securities; provided that, in each case, the security has a maturity or weighted average life of three years or less from such date; 

(D) investments in commercial paper maturing no more than one year after such date and having, on such date, a rating of at least A-2 from S&P or at least P-2 from Moody’s; 
 (E)
certificates of deposit (including investments made through an intermediary, such as the certificated deposit account registry service), bankers’ acceptances, time deposits, Eurodollar time deposits and overnight bank deposits maturing within
three years from such date and issued or guaranteed by or placed with, and any money market deposit accounts issued or offered by, any Original First Lien Credit Agreement Lender or by any commercial bank organized under the laws of the United
States of America or any state thereof or the District of Columbia that has a combined capital and surplus and undivided profits of not less than $250,000,000; 

(F) fully collateralized repurchase agreements with counterparties whose long term debt is rated not less than
A- by S&P and A3 by Moody’s and with a term of not more than six months from such date; 

(G) investments in money in an investment company registered under the Investment Company Act of 1940, as amended, or in pooled accounts or
funds offered through mutual funds, investment advisors, banks and brokerage houses which invest its assets in obligations of the type described in clauses (1) through (6) above, in each case, as of such date, including, but not be limited to,
money market funds or short-term and intermediate bonds funds; 
 (H) shares of any money market mutual fund that, as of such date,
(a) complies with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, as amended and (b) is rated AAA (or the equivalent thereof) by S&P and Aaa (or the equivalent
thereof) by Moody’s; 
 (I) auction rate preferred securities that, as of such date, have the highest rating obtainable from either
S&P or Moody’s and with a maximum reset date at least every 30 days; 
 (J) investments made pursuant to the Company’s or any
of its restricted subsidiaries’ cash equivalents/short-term investment guidelines; 
 (K) deposits available for withdrawal on demand
with commercial banks organized in the United States having capital and surplus in excess of $100,000,000; 

  
 8 

 (L) securities with maturities of three years or less from such date issued or fully guaranteed
by any state, commonwealth or territory of the United States, by any political subdivision or taxing authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory,
political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P or A2 by Moody’s; and 

(M) any other securities or pools of securities that are classified under GAAP as cash equivalents or short-term investments on a balance
sheet as of such date. 
 [“Co-Branded Card Agreement(s)” shall mean that certain
America West Co-Branded Card Agreement, dated as of January 25, 2005, between US Airways (as successor in interest to America West Airlines, Inc.) and Barclays Bank Delaware (as successor in interest to
Juniper Bank), as amended, restated, supplemented or otherwise modified from time to time, including pursuant to that certain Assignment and First Amendment to the America West Co-Branded Card Agreement, dated
as of August 8, 2005, among US Airways, America West Airlines, Inc. and Barclays Bank Delaware (as successor in interest to Juniper Bank) and any other similar agreements entered into by Parent or any of its Subsidiaries from time to time.]42 
 “Collateral” shall mean all Property now owned or hereafter acquired
by any Loan Party in or upon which a Lien is granted or purported to be granted to any Agent under any of the First Lien Collateral Documents, the [    ]i [First/Second]ii Lien Collateral Documents or the Additional Collateral Documents, together with all rents, issues, profits, products, and Proceeds thereof to the extent a Lien is granted or purported to be granted
therein to the applicable Agent by such applicable documents, in each case other than any Excluded Cash Collateral. 

“Company” shall mean American Airlines, Inc., a Delaware corporation, and any successor in interest thereto. 

“Conforming Plan Reorganization” shall mean any Plan of Reorganization whose provisions are consistent with the provisions of
this Agreement. 
 “Control Collateral” shall mean any Collateral consisting of any certificated Security, Investment
Property, Deposit Account, Instruments, Chattel Paper and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor. 

“Credit Documents” shall mean the Original First Lien Documents, the [    ]i [First/Second]ii Lien Documents and any Additional Documents. 

“Credit Facility” shall mean the Original First Lien Credit Agreement, the [    ]i [First/Second]ii Lien Credit Facility or any Additional Credit Facility, as applicable. 

“Creditor” shall mean any Senior Priority Creditor or Junior Priority Creditor. 

 

	42 	AA to update. 

  
 9 

 “Designated Agent” shall mean any Additional Agent, any Original First Lien
Agent under any Original First Lien Credit Agreement other than the Initial Original First Lien Credit Agreement, or any [    ]i [First/Second]ii Lien Agent under any [    ]i [First/Second]ii Lien Credit Facility other
than the [    ]i [First/Second]ii Lien Credit Facility, in each case as the Original First Lien Borrower designates as a
Designated Agent (as confirmed in writing by such Party if such designation is made after the execution of this Agreement by such Party or the joinder of such Party to this Agreement), as and to the extent so designated. Such designation may be for
all purposes of this Agreement, or may be for one or more specified purposes hereunder or provisions hereof. 
 “DIP
Financing” shall have the meaning set forth in Section 6.01(a). 
 “Discharge of Additional Obligations”
shall mean, if any Indebtedness shall at any time have been incurred under any Additional Credit Facility, with respect to each Additional Credit Facility, (a) the payment in full in cash of the applicable Additional Obligations (other than any
Additional Obligations owing to any Additional Bank Products Affiliate, Additional Hedging Affiliate or unasserted contingent indemnification or other obligations) that are outstanding and unpaid at the time all Additional Indebtedness under such
Additional Credit Facility is paid in full in cash, (i) including (if applicable), with respect to amounts available to be drawn under outstanding letters of credit issued thereunder at such time (or indemnities or other undertakings issued
pursuant thereto in respect of outstanding letters of credit at such time), delivery or provision of cash collateral or backstop letters of credit in respect thereof as and only to the extent required by the terms of any such Additional Credit
Facility, but (ii) excluding unasserted contingent indemnification or other contingent obligations under the applicable Additional Credit Facility at such time, and (b) the termination of all then outstanding commitments to extend credit
under the applicable Additional Documents at such time. 
 “Discharge of [    ]i [First/Second]ii Lien Obligations” shall mean, if any Indebtedness shall at any time have been incurred under any
[    ]i [First/Second]ii Lien Credit Facility, with respect to each [    ]i [First/Second]ii Lien Credit Facility, (a) the payment in full in cash of the applicable [    ]i [First/Second]ii Lien Obligations that are outstanding and unpaid at the time all Indebtedness under the applicable [    ]i [First/Second]ii Lien Credit Facility is paid in full in cash, (i) including (if applicable), with respect to amounts available to be drawn
under outstanding letters of credit issued thereunder at such time (or indemnities or other undertakings issued pursuant thereto in respect of outstanding letters of credit at such time), delivery or provision of cash or backstop letters of credit
in respect thereof as and only to the extent required by the terms of any such [    ]i [First/Second]ii Lien Credit
Facility, but (ii) excluding inchoate indemnification or other inchoate obligations under the applicable [    ]i
[First/Second]ii Lien Credit Facility at such time, and (b) the termination of all then outstanding commitments to extend credit under the [    ]i [First/Second]ii Lien Documents at such time. 

“Discharge of Junior Priority Obligations” shall mean the occurrence of all of [the Discharge of [    ]i Second Lien Obligations and] the Discharge of Additional Obligations in respect of Junior Priority Debt. 

“Discharge of Original First Lien Obligations” shall mean (a) the payment in full in cash of the applicable Original
First Lien Obligations (other than any Original First Lien Obligations 

  
 10 

 
owing to any Original First Lien Bank Products Affiliate, Original First Lien Hedging Affiliate or unasserted contingent indemnification or other obligations) that are outstanding and unpaid at
the time all Indebtedness under the applicable Original First Lien Credit Agreement is paid in full in cash, (i) including (if applicable), with respect to amounts available to be drawn under outstanding letters of credit issued thereunder at
such time (or indemnities or other undertakings issued pursuant thereto in respect of outstanding letters of credit at such time), delivery or provision of cash or backstop letters of credit in respect thereof as and only to the extent required by
the terms of any such Original First Lien Credit Facility, but (ii) excluding inchoate indemnification or other inchoate obligations under the Original First Lien Credit Agreement at such time, and (b) the termination of all then
outstanding commitments to extend credit under Original First Lien Documents at such time. 
 “Discharge of Senior Priority
Obligations” shall mean the occurrence of all of Discharge of Original First Lien Obligations [the Discharge of [    ]i First Lien Obligations] and the Discharge of
Additional Obligations in respect of Senior Priority Debt. 
 “Disqualified Stock” shall have the meaning assigned thereto
in the Initial Original First Lien Credit Agreement whether or not then in effect. 
 “Event of Default” shall mean an
Event of Default under any Original First Lien Credit Agreement, any [    ]i [First/Second]ii Lien Credit Facility or any
Additional Credit Facility. 
 “Excluded Cash Collateral” shall mean cash or Cash Equivalents pledged as collateral in
respect of letters of credit issued under or pursuant to the Original First Lien Credit Agreement or cash or Cash Equivalents otherwise specifically pledged to any Senior Priority Creditor or group of Senior Priority Creditors that secures only the
Senior Priority Obligations in respect of Bank Products Agreements or Hedging Agreements owing to such Senior Priority Creditors. 

“Exercise Any Secured Creditor Remedies” or “Exercise of Secured Creditor Remedies” shall mean: 

(i) the taking of any action to enforce or realize upon any Lien, including the institution of any foreclosure proceedings or
the noticing of any public or private sale pursuant to Article 9 of the Uniform Commercial Code, or taking any action to enforce any right or power to repossess, replevy, attach, garnish, levy upon or collect the Proceeds of any Lien; 

(ii) the exercise of any right or remedy provided to a secured creditor on account of a Lien under any of the Credit Documents,
under applicable law, by self-help repossession, by notification to account obligors of any Grantor in an Insolvency Proceeding or otherwise, including the election to retain any of the Collateral in satisfaction of a Lien; 

(iii) the taking of any action or the exercise of any right or remedy in respect of the collection on, set off against,
marshaling of, injunction respecting or foreclosure on the Collateral or the Proceeds thereof; 

  
 11 

 (iv) the appointment of a receiver, receiver and manager or interim receiver of
all or part of the Collateral; 
 (v) the sale, lease, license, or other disposition of all or any portion of the Collateral
by private or public sale pursuant to Article 9 of the Uniform Commercial Code or any other means permissible under applicable law in connection with the exercise of any right or remedy of a secured creditor under applicable law; 

(vi) the exercise of any other right of a secured creditor under Part 6 of Article 9 of the Uniform Commercial Code; 

(vii) the exercise of any voting rights relating to any Capital Stock included in the Collateral; and 

(viii) the delivery of any notice, claim or demand relating to the Collateral to any Person (including any securities
intermediary, depository bank or landlord) in possession or control of any Collateral; 
 provided that (i) filing a proof of claim or statement
of interest in any Insolvency Proceeding, (ii) the acceleration of the Junior Priority Obligations or the Senior Priority Obligations, (iii) the imposition of a default rate or late fee, (iv) the cessation of lending pursuant to the
provisions of the Junior Priority Obligations or the Senior Priority Documents, (v) the consent by any Junior Priority Agent or any Senior Priority Agent to disposition by any Grantor of any of the Collateral or the consent by the Junior
Priority Representative or the Senior Priority Representative to disposition by any Grantor of any of the Collateral or (vi) seeking adequate protection shall not be deemed to be an Exercise of Secured Creditor Remedies. 

“Financing Lease” shall mean any lease of property, real or personal, the obligations of the lessee in respect of which are
required to be capitalized on a balance sheet of the lessee in accordance with GAAP. 
 “Flyer Miles Obligations” shall
mean, at any date of determination, all payment and performance obligations of the Borrower under any card marketing agreement with respect to credit cards co-branded by the Borrower and a financial
institution which may include obligations in respect of the pre-purchase by third parties of frequent flyer miles and any other similar agreements entered into by Parent or any of its Subsidiaries with any
bank from time to time. 
 “GAAP” shall mean generally accepted accounting principles in the United States of America,
which are in effect from time to time, including those set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants, statements and pronouncements of the Financial
Accounting Standards Board, such other statements by such other entity as have been approved by a significant segment of the accounting profession and the rules and regulations of the SEC governing the inclusion of financial statements in periodic
reports required to be filed pursuant to Section 13 of the Exchange Act, including opinions and pronouncements in staff accounting bulletins and similar written statements from the accounting staff of the SEC. Notwithstanding the foregoing
definition, with respect to leases (whether or not they are required to be capitalized on a Person’s 

  
 12 

 
balance sheet under generally accepted accounting principles in the United States of America in effect as of the date of this Agreement) and with respect to financial matters related to leases,
including assets, liabilities and items of income and expense, “GAAP” shall mean , and determinations and calculations shall be made in accordance with, generally accepted accounting principles in the United States of America, which are in
effect as of the date hereof. 
 “Governmental Authority” shall mean the government of the United States of America, any
other nation or any political subdivision thereof, whether state or local, and any agency (including without limitation the DOT and the FAA), authority, instrumentality, regulatory body, court, central bank organization, or other entity exercising
executive, legislative, judicial, taxing or regulatory powers or functions of or pertaining to government (including any supra-national bodies such as the European Union). Governmental Authority shall not include any Person in its capacity as an
Airport Authority. 
 “Grantor” shall mean any Grantor as defined in the Original First Lien Collateral Documents, in the
[    ]i [First/Second]ii Lien Collateral Documents or in the Additional Collateral Documents, as the context requires. 

“Guarantor” shall mean any of the Original First Lien Guarantors, the [    ]i [First/Second]ii Lien Guarantors and any Additional Guarantors. 

“Hedging Affiliate” shall mean any Original First Lien Hedging Affiliate, any [    ]i [First/Second]ii Lien Hedging Affiliate or any Additional Hedging Affiliate, as applicable. 

“Hedging Agreement” shall mean any agreement evidencing Hedging Obligations. 

“Hedging Obligations” shall mean, with respect to any Person, all obligations and liabilities of such Person under: 

(A) interest rate swap agreements (whether from fixed to floating or from floating to fixed), interest rate cap agreements and interest rate
collar agreements; 
 (B) other agreements or arrangements designed to manage interest rates or interest rate risk; and 

(C) other agreements or arrangements designed to protect such Person against fluctuations in currency exchange rates, fuel prices or other
commodity prices, but excluding (x) clauses in purchase agreements and maintenance agreements pertaining to future prices and (y) fuel purchase agreements and fuel sales that are for physical delivery of the relevant commodity. 

“Holdings” shall mean American Airlines Group Inc., a Delaware corporation, and any successor in interest thereto. 

“Impairment” shall (a) with respect to the Senior Priority Obligations, have the meaning set forth in Section
2.01(i), and (b) with respect to the Junior Priority Obligations, have the meaning set forth in Section 2.01(j). 

  
 13 

 “Indebtedness” shall mean, with respect to any specified Person, any
indebtedness of such Person (excluding air traffic liability, accrued expenses and trade payables), whether or not contingent: 
 (A) in
respect of borrowed money; 
 (B) evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement
agreements in respect thereof); 
 (C) in respect of banker’s acceptances; 

(D) representing Capital Lease Obligations; 

(E) representing the balance deferred and unpaid of the purchase price of any property or services due more than six months after such
property is acquired or such services are completed, and excluding in any event trade payables arising in the ordinary course of business; or 

(F) representing any Hedging Obligations, 
 if
and to the extent any of the preceding items (other than letters of credit and Hedging Obligations) would appear as a liability upon a balance sheet of the specified Person prepared in accordance with GAAP. In addition, the term
“Indebtedness” includes all Indebtedness of others secured by a Lien on any asset of the specified Person (whether or not such Indebtedness is assumed by the specified Person) and, to the extent not otherwise included, the guarantee by the
specified Person of any Indebtedness of any other Person. Indebtedness shall be calculated without giving effect to the effects of Statement of Financial Accounting Standards No. 133 and related interpretations to the extent such effects would
otherwise increase or decrease an amount of Indebtedness for any purpose under the Original First Lien Credit Agreement as a result of accounting for any embedded derivatives created by the terms of such Indebtedness. 

For the avoidance of doubt, (a) obligations under Bank Products Agreements, (b) obligations under leases (other than leases
determined to be Capital Lease Obligations under GAAP as in effect on the date of the Original First Lien Credit Agreement), (c) obligations to fund pension plans and retiree liabilities, (d) Disqualified Stock and preferred stock,
(e) Flyer Miles Obligations and other obligations in respect of the pre-purchase by others of frequent flyer miles, (f) maintenance deferral agreements, (g) an amount recorded as Indebtedness in
such Person’s financial statements solely by operation of Financial Accounting Standards Board Accounting Standards Codification 840-40-55 or any successor
provision of GAAP but which does not otherwise constitute Indebtedness as defined hereinabove, (h) obligations under the Co-Branded Card Agreements, (i) a deferral of
pre-delivery payments relating to the purchases of Aircraft Related Equipment and (j) obligations under flyer miles participation agreements do not constitute Indebtedness, whether or not such obligations
would appear as a liability upon a balance sheet of a specified Person (except that the Borrower may elect that, for the purposes of designating Additional Indebtedness under Section 7.11 (and any related definitions and provisions), any of the
above items or any other obligations may constitute “Indebtedness”). 

  
 14 

 “Insolvency Proceeding” shall mean, with respect to any Person, (a) any
case, action or proceeding before any court or other Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding up or relief of debtors, or (b) any general assignment for the
benefit of creditors, composition, marshalling of assets for creditors or other similar arrangement in respect of its creditors generally or any substantial portion of its creditors; in each case covered by clauses (a) and (b) undertaken under
United States Federal, State or foreign law, including the Bankruptcy Code. 
 “Junior Intervening Creditor” shall have the
meaning assigned thereto in Section 4.01(h). 
 “Junior Priority Agent” shall mean [any of the
[    ]i Second Lien Agent or]vi any Additional Agent under any Junior Priority Documents. 

“Junior Priority Collateral Documents” shall mean [the
[    ]i Second Lien Collateral Documents and]vii any Additional Collateral Documents in respect of any Junior Priority
Obligations. 
 “Junior Priority Credit Facility” shall mean [the [    ]i Second Lien Credit Facility and]vii any Additional Credit Facility in respect of any Junior Priority Obligations. 

“Junior Priority Creditors” shall mean [the [    ]i
Second Lien Creditors and]vii any Additional Credit Facility Secured Party in respect of any Junior Priority Obligations. 

“Junior Priority Debt” shall mean[: 

(i) all [    ]i Second Lien Obligations; and 

(ii) ]vii any Additional Obligations of any Loan Party so long as on or before the date
on which the relevant Additional Indebtedness is incurred, such Indebtedness is designated by the Company as “Junior Priority Debt” in the relevant Additional Indebtedness Designation delivered pursuant to Section 7.11(a)(iii). 

“Junior Priority Documents” shall mean [the [    ]i
Second Lien Facility Documents and]vii any Additional Documents in respect of any Junior Priority Obligations. 
 “Junior Priority
Lien” shall mean a Lien granted or purported to be granted [(a) pursuant to a [    ]i Second Lien Collateral Document to the [    ]i Second Lien Agent or (b)]vii pursuant to an Additional Collateral Document to any Additional Agent for the purpose of securing Junior Priority
Obligations. 
 “Junior Priority Obligations” shall mean [the [    ]i Second Lien Obligations and]vii any Additional Obligations constituting Junior Priority Debt. 

“Junior Priority Representative” shall mean the Junior Priority Agent designated by the Junior Priority Agents to act on
behalf of the Junior Priority Agents hereunder, acting in such capacity. [The Junior Priority Representative shall initially be the [    ]i Second Lien Agent under the
[    ]i Second Lien Credit Facility while the [    ]i Second Lien Credit Facility is in effect; if the
[    ]i Second Lien Credit Facility is not in effect, the Junior Priority Representative shall be 

  
 15 

 
the [    ]i Second Lien Agent under the relevant subsequent [    ]i Second Lien Documents acting for the Junior Priority Secured Parties, unless the exposure of the corresponding Junior Priority Secured Parties under any other Additional Documents in respect of other
Junior Priority Obligations exceeds the exposure of the relevant Junior Priority Secured Parties under such subsequent [    ]i Second Lien Documents, and in such case, the
Junior Priority Agent under the Junior Priority Documents under which the relevant Junior Priority Secured Parties have the greatest exposure (unless otherwise agreed in writing among the Junior Priority Agents).]vii 
 “Junior Priority Secured Parties” shall mean, at any time, all of
the Junior Priority Agents and all of the Junior Priority Creditors. 
 “Lien” shall mean any mortgage, pledge,
hypothecation, assignment for purposes of security, security deposit arrangement, encumbrance, lien (statutory or other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any
kind or nature whatsoever (including any conditional sale or other title retention agreement and any Financing Lease having substantially the same economic effect as any of the foregoing). 

“Lien Priority” shall mean, with respect to any Lien of the Original First Lien Agent, the Original First Lien Secured
Parties, the [    ]i [First/Second]ii Lien Agent, the [    ]i [First/Second]ii Lien Secured Parties or any Additional Credit Facility Secured Party in the Collateral, the order of priority of such Lien as
specified in Section 2.01. 
 “Loan Parties” shall mean the Original First Lien Loan Parties, the
[    ]i [First/Second]ii Lien Loan Parties and any Additional Loan Parties. 

“Moody’s” shall mean Moody’s Investors Service, Inc. or any successor rating agency. 

“Original First Lien Agent” shall mean Citibank, N.A. in its capacity as collateral agent under the Original First Lien
Credit Agreement, together with its successors and assigns in such capacity from time to time, as well as any Person designated as the “Agent” or “Collateral Agent” under the Original First Lien Credit Agreement. 

“Original First Lien Bank Products Affiliate” shall mean any Person who (a) has entered into a Bank Products Agreement
with any First Lien Loan Party with the obligations of such First Lien Loan Party thereunder being secured by First Lien Collateral Documents, (b) was an Original First Lien Credit Agreement Lender or an Affiliate of an Original First Lien
Credit Agreement Lender on the date hereof, or at the time of entry into such Bank Products Agreement, or at the time of the designation referred to in the following clause (c), and (c) has been designated by the Company in accordance with the
terms of the Original First Lien Collateral Documents (provided that no Person shall, with respect to any Bank Products Agreement, be at any time a Bank Products Affiliate hereunder with respect to more than one Credit Facility). 

“Original First Lien Borrower” shall mean the Company, in its capacity as borrower under the Original First Lien Credit
Agreement, together with its successors and assigns. 

  
 16 

 “Original First Lien Collateral Documents” shall mean all “Collateral
Documents” as defined in the Original First Lien Credit Agreement, and all other security agreements, mortgages, deeds of trust and other collateral documents executed and delivered in connection with the Original First Lien Credit
Agreement, and any other agreement, document or instrument pursuant to which a Lien is granted securing the Original First Lien Obligations or under which rights or remedies with respect to such Liens are governed, in each case as the same may be
amended, modified or supplemented from time to time. 
 “Original First Lien Credit Agreement” shall mean (a) that
certain Amended and Restated Credit and Guaranty Agreement, dated as of December 15, 2016, by and among, inter alios, the Company, Holdings, the Original First Lien Credit Agreement Lenders party thereto and the Original First Lien Agent, as
amended, restated, supplemented, waived or otherwise modified from time to time (the “Initial Original First Lien Credit Agreement”), together with (b) if designated by the Original First Lien Borrower, any other agreement
(including any credit agreement, loan agreement, indenture or other financing agreement) extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the Original First Lien Obligations, whether
by the same or any other lender, debt holder or group of lenders or debt holders or the same or any other agent, trustee or representative therefor and whether or not increasing the amount of any Indebtedness that may be incurred thereunder. 

“Original First Lien Credit Agreement Lender” shall mean one or more holders of Indebtedness (or commitments therefor) that
is or may be incurred under the Original First Lien Credit Agreement, together with their successors, assigns and transferees, as well as any Person designated as an “Original First Lien Credit Agreement Lender” under the Original First
Lien Credit Agreement. 
 “Original First Lien Documents” shall mean the Original First Lien Credit Agreement, the Original
First Lien Guarantees, the Original First Lien Collateral Documents, any Bank Products Agreements between any Original First Lien Loan Party and any Original First Lien Bank Products Affiliate, any Hedging Agreements between any Original First Lien
Loan Party and any First Lien Hedging Affiliate, and those other ancillary agreements as to which the Original First Lien Agent or any Original First Lien Credit Agreement Lender is a party or a beneficiary and all other agreements, instruments,
documents and certificates, now or hereafter executed by or on behalf of any Original First Lien Loan Party or any of its respective Subsidiaries or Affiliates, and delivered to the Original First Lien Agent, in connection with any of the foregoing,
in each case as the same may be amended, supplemented, waived or otherwise modified from time to time. 
 “Original First Lien
Guarantees” shall mean all guarantees, including, without limitation, the guarantee under the Original First Lien Credit Agreement, of any Original First Lien Obligations of any Original First Lien Loan Party by any other Original First
Lien Loan Party in favor of any Original First Lien Secured Party, in each case as amended, restated, supplemented, waived or otherwise modified from time to time. 

“Original First Lien Guarantors” shall mean the collective reference to Holdings (so long as it is a guarantor under any of
the Original First Lien Guarantees), each of the Company’s Subsidiaries that is a guarantor under any of the Original First Lien Guarantees and any other Person who becomes a guarantor under any of the Original First Lien Guarantees. 

  
 17 

 “Original First Lien Hedging Affiliate” shall mean any Person who (a) has
entered into a Hedging Agreement with any First Lien Loan Party with the obligations of such First Lien Loan Party thereunder being secured by the Original First Lien Collateral Documents, (b) was an Original First Lien Credit Agreement Lender
or an Affiliate of an Original First Lien Credit Agreement Lender at the time of entry into such Hedging Agreement, or on or prior to the date hereof, or at the time of the designation referred to in the following clause (c) and (c) has been
designated by the Company in accordance with the terms of the Original First Lien Collateral Documents (provided that no Person shall, with respect to any Hedging Agreement, be at any time a Hedging Affiliate hereunder with respect to more
than one Credit Facility). 
 “Original First Lien Loan Parties” shall mean the Original First Lien Borrower, the Original
First Lien Guarantors and each other direct or indirect Subsidiary of the Company or any of its Affiliates that is now or hereafter becomes a party to any Original First Lien Document as a “loan party”. 

“Original First Lien Obligations” shall mean any and all loans and all other obligations, liabilities and indebtedness of
every kind, nature and description, whether now existing or hereafter arising, whether arising before, during or after the commencement of any case with respect to any Original First Lien Loan Party under the Bankruptcy Code or any other Insolvency
Proceeding, owing by each Original First Lien Loan Party from time to time under any Original First Lien Document to the Original First Lien Agent, any Original First Lien Credit Agreement Lender or to the extent included in the definition of
“Obligations” under the Original First Lien Credit Agreement any Original First Lien Bank Products Affiliate or Original First Lien Hedging Affiliate, whether for principal, premium interest (including interest and fees which, but for the
filing of a petition in bankruptcy with respect to such Original First Lien Loan Party, would have accrued on any Original First Lien Obligation, whether or not a claim is allowed against such Original First Lien Loan Party for such interest and
fees in the related bankruptcy proceeding), reimbursement for amounts drawn under letters of credit, fees, expenses, indemnification or otherwise, and all other amounts owing or due under the terms of the Original First Lien Documents, as amended,
restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time. 
 “Original First Lien Secured
Parties” shall mean the Original First Lien Agent, all Original First Lien Credit Agreement Lenders, together with all Original First Lien Bank Products Affiliates and all Original First Lien Hedging Affiliates, and all successors, assigns,
transferees and replacements thereof, as well as any Person designated as an “Original First Lien Secured Party” under the Original First Lien Credit Agreement. 

“Party” shall mean any of the Original First Lien Agent, the [    ]i [First/Second]ii Lien Agent or any Additional Agent, and “Parties” shall mean all of the Original First Lien Agent, the
[    ]i [First/Second]ii Lien Agent and any Additional Agent. 

  
 18 

 “Person” shall mean an individual, partnership, corporation, limited liability
company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 

“Plan of Reorganization” shall mean any plan of reorganization, plan of liquidation, agreement for composition, or other type
of plan of arrangement proposed in or in connection with any Insolvency Proceeding. 
 “Proceeds” shall mean (a) all
“proceeds”, as defined in Article 9 of the Uniform Commercial Code, with respect to the Collateral and (b) whatever is recoverable or recovered when any Collateral is sold, exchanged, collected, or disposed of, whether voluntarily or
involuntarily. 
 “Property” shall mean any interest in any kind of property or asset, whether real, personal or mixed, or
tangible or intangible. 
 “Requisite Senior Priority Holders” shall mean Senior Priority Secured Parties holding, in the
aggregate, in excess of 50% of the aggregate principal amount of the Senior Priority Obligations (other than Senior Priority Obligations in respect of Bank Products Agreements or Hedging Agreements at any time and for so long as there are any
outstanding Senior Priority Obligations in respect of any Senior Priority Credit Facility); provided that, (x) if the matter being consented to or the action being taken by the Senior Priority Representative is the subordination of Liens
to other Liens, or the consent to a sale of all or substantially all of the Collateral, then “Requisite Senior Priority Holders” shall mean those Senior Priority Secured Parties necessary to validly consent to the requested action in
accordance with the applicable Senior Priority Documents and (y) except as may be separately otherwise agreed in writing by and between or among each Senior Priority Agent, on behalf of itself and the Senior Priority Creditors represented
thereby, if the matter being consented to or the action being taken by the Senior Priority Representative will affect any Series of Senior Priority Debt in a manner different and materially adverse relative to the manner such matter or action
affects any other Series of Senior Priority Debt (except to the extent expressly set forth in this Agreement), then “Requisite Senior Priority Holders” shall mean (1) Senior Priority Secured Parties holding, in the aggregate, in
excess of 50% of the aggregate principal amount of the Senior Priority Obligations (other than Senior Priority Obligations in respect of Bank Products Agreements or Hedging Agreements at any time and for so long as there are any outstanding Senior
Priority Obligations in respect of any Senior Priority Credit Facility) and (2) Senior Priority Secured Parties holding, in the aggregate, in excess of 50% of the aggregate principal amount of each applicable detrimentally affected Series of
Senior Priority Debt (other than Senior Priority Obligations in respect of Bank Products Agreements or Hedging Agreements at any time and for so long as there are any outstanding Senior Priority Obligations in respect of any Senior Priority Credit
Facility). 
 “S&P” shall mean S&P Global Ratings. 

“Secured Parties” shall mean the Senior Priority Secured Parties and the Junior Priority Secured Parties. 

“Senior Intervening Creditor” shall have the meaning assigned thereto in Section 4.01(g). 

  
 19 

 “Senior Priority Agent” shall mean any of the Original First Lien Agent[, the
[    ] First Lien Agent]vii or any Additional Agent under any Senior Priority Documents. 

“Senior Priority Collateral Documents” shall mean the Original First Lien Collateral Documents[, the
[    ] First Lien Collateral Documents]viii and any Additional Collateral Documents in respect of Senior Priority Obligations. 

“Senior Priority Credit Facility” shall mean the Original First Lien Credit Agreement[, the [    ] First
Lien Credit Agreement]viii and any Additional Credit Facility in respect of any Senior Priority Obligations; provided that all Indebtedness that is Senior Priority Debt incurred under such
facility agreement meets the requirements of Additional Indebtedness. 
 “Senior Priority Creditors” shall mean the
Original First Lien Secured Parties[, the [    ] First Lien Secured Parties]viii and any Additional Credit Facility Secured Party in respect of any Senior Priority Obligations.

 “Senior Priority Debt” shall mean: 

(i) all Original First Lien Obligations; 

[(ii) all [    ] First Lien Obligations;]viii and 

[(ii/iii)] any Additional Obligations of any Loan Party so long as on or before the date on which the relevant Additional Indebtedness is
incurred, such Indebtedness is designated by the Company as “Senior Priority Debt” in the relevant Additional Indebtedness Designation delivered pursuant to Section 7.11(a)(iii). 

“Senior Priority Documents” shall mean the Original First Lien Documents[, the [ ] First Lien Documents]viii and any Additional Documents in respect of any Senior Priority Obligations. 

“Senior Priority Lien” shall mean a Lien granted (a) by an Original First Lien Collateral Document to the Original First
Lien Agent[, (b) a [ ] First Lien Collateral Document to [ ] First Lien Agent]viii or [(b/c)] by an Additional Collateral Document to any Additional Agent for the purpose of securing Senior Priority Obligations. 

“Senior Priority Obligations” shall mean the Original First Lien Obligations[, the [ ] First Lien Obligations]viii and any Additional Obligations constituting Senior Priority Debt. 
 “Senior
Priority Recovery” shall have the meaning set forth in Section 5.03. 
 “Senior Priority
Representative” shall mean the Original First Lien Agent acting for the Senior Priority Secured Parties, until the Discharge of Original First Lien Obligations, and thereafter (unless otherwise agreed in writing between [the
[    ] First Lien Agent and]viii any Additional Agents under any Senior Priority Documents), [the [    ] First Lien Agent or] viii any Additional Agent
under any Senior Priority Documents (or, if there are then in effect Senior Priority Documents with respect to more than one Series of Senior Priority Debt, the Senior Priority Documents under which the greatest principal amount of Senior Priority
Obligations is outstanding at the time) acting for the Senior Priority Secured Parties. 

  
 20 

 “Senior Priority Secured Parties” shall mean, at any time, all of the Senior
Priority Agents and all of the Senior Priority Creditors. 
 “Series of Junior Priority Debt” shall mean, severally, [(a)
the Indebtedness outstanding under the [    ]i Second Lien Credit Facility and (b) ]vii the Indebtedness outstanding under any Additional Credit Facility in respect of or
constituting Junior Priority Debt. 
 “Series of Senior Priority Debt” shall mean, severally, (a) the Indebtedness
outstanding under the Original First Lien Credit Agreement[, (b) the Indebtedness outstanding under the [    ] First Lien Credit Agreement,]viii and [(b/c)] the Indebtedness outstanding under any Additional Credit Facility in
respect of or constituting Senior Priority Debt. 
 “Standstill Period” shall have the meaning set forth in Section
2.03(a). 
 “Subsidiary” of any Person shall mean a corporation, partnership, limited liability company, or other
entity (a) of which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the
board of directors or other managers of such corporation, partnership, limited liability company or other entity are at the time owned by such Person, or (b) the management of which is otherwise controlled, directly or indirectly through one or
more intermediaries, or both, by such Person and, in the case of this clause (b), which is treated as a consolidated subsidiary for accounting purposes. 

“Uniform Commercial Code” shall mean the Uniform Commercial Code as the same may, from time to time, be in effect in the
State of New York; provided that to the extent that the Uniform Commercial Code is used to define any term in any security document and such term is defined differently in differing Articles of the Uniform Commercial Code, the definition of
such term contained in Article 9 shall govern; provided, further, that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection, publication or priority of, or remedies with respect to,
Liens of any Party is governed by the Uniform Commercial Code or foreign personal property security laws as enacted and in effect in a jurisdiction other than the State of New York, the term “Uniform Commercial Code” will mean the Uniform
Commercial Code or such foreign personal property security laws as enacted and in effect in such other jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority or remedies and for purposes of
definitions related to such provisions. 
 “United States” shall mean the United States of America. 

“[    ]i [First/Second]ii Lien Agent” shall mean [    ] in its capacity as collateral agent (or trustee by a joinder agreement substantially in the form of Exhibit D attached hereto or
otherwise in form and substance reasonably satisfactory to any Senior Priority Agent) under the [    ]i [First/Second]ii
Lien Credit Facility, together with its successors and assigns in such capacity from time to time, whether under the [    ]i [First/Second]ii Lien Credit Facility or any subsequent [    ]i [First/Second]ii Lien
Credit Facility, as well as any Person designated as the “Agent” or “Collateral Agent” under any [    ]i [First/Second]ii Lien Credit Facility. 
 “[    ]i [First/Second]ii Lien Bank Products Affiliate” shall mean any Person who (a) has entered into a Bank Products
Agreement with any [    ]i [First/Second]ii Lien Loan Party with the 

  
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obligations of such [    ]i [First/Second]ii Lien Loan Party
thereunder being secured by one or more [    ]i [First/Second]ii Lien Collateral Documents, (b) was a
[    ]i [First/Second]ii Lien Agent, a [    ]i
[First/Second]ii Lien Credit Facility Lender or an Affiliate of a [    ]i [First/Second]ii Lien Credit Facility Lender on the date hereof, or at the time of entry into such Bank Products Agreement, or at the time of the designation referred to in the following clause (c), and (c) has
been designated by the Company in accordance with the terms of one or more [    ]i [First/Second]ii Lien Collateral
Documents (provided that no Person shall, with respect to any Bank Products Agreement, be at any time a Bank Products Affiliate hereunder with respect to more than one Credit Facility). 

“[    ]i [First/Second]ii Lien Borrower” shall mean the Company, in its capacity as borrower under the [     ]i [First/Second]ii Lien Credit Facility, together with its successors and assigns. 

“[    ]i [First/Second]ii Lien Collateral Documents” shall mean all “Collateral Documents” as defined in the
[    ]i [First/Second]ii Lien Credit Facility, and all other security agreements (including, without limitation, aircraft
security agreements), mortgages, deeds of trust and other collateral documents executed and delivered in connection with any [    ]i [First/Second]ii Lien Credit Facility, and any other agreement, document or instrument pursuant to which a Lien is granted securing any
[    ]i [First/Second]ii Lien Obligations or under which rights or remedies with respect to such Liens are governed, in
each case as the same may be amended, modified or supplemented from time to time. 

“[    ]i [First/Second]ii Lien Credit Facility” shall mean (a) if the [    ]i [First/Second]ii Lien Credit Facility is then in effect, the [    ]i [First/Second]ii
Lien Credit Facility, and (b) thereafter, if designated by the Company, any other credit agreement, loan agreement, note agreement, promissory note, indenture or other agreement or instrument evidencing or governing the terms of any
indebtedness or other financial accommodation that complies with clause (a)(ii) of the definition of “Additional Indebtedness” and that has been incurred to refund, refinance, restructure, replace, renew, repay, increase or extend (whether
in whole or in part and whether with the original agent and creditors or other agents and creditors or otherwise) the indebtedness and other obligations outstanding under (x) the [    ]i [First/Second]ii Lien Credit Facility or (y) any subsequent [    ]i
[First/Second]ii Lien Credit Facility (in each case, as amended, restated, supplemented, waived or otherwise modified from time to time); provided, that the requisite creditors party to
such [    ]i [First/Second]ii Lien Credit Facility (or their agent or other representative on their behalf) shall agree, by
a joinder agreement substantially in the form of Exhibit C attached hereto or otherwise in form and substance reasonably satisfactory to any Senior Priority Agent (other than any Designated Agent) (or, if there is no continuing Senior Priority Agent
other than any Designated Agent, as designated by the Company), that the obligations under such [    ]i [First/Second]ii
Lien Credit Facility are subject to the terms and provisions of this Agreement. Any reference to the [    ]i
[First/Second]ii Lien Credit Facility shall be deemed a reference to any [    ]i [First/Second]ii Lien Credit Facility then in existence. 

“[    ]i [First/Second]ii Lien Credit Facility Lenders” shall mean one or more holders of Indebtedness (or commitments therefor) that is or may be incurred under the [    ]i [First/Second]ii Lien Credit Facility, together with their successors, assigns and transferees, as well as any Person designated as a[n]
“[    ]i [First/Second]ii Lien Credit Facility Lender” under any
[    ]i [First/Second]ii Lien Credit Facility. 

  
 22 

 “[    ]i [First/Second]ii Lien Creditors” shall mean all [    ]i [First/Second]ii Lien Credit Facility Lenders, all [    ]i [First/Second]ii Lien Bank Products Affiliates and all [    ]i [First/Second]ii Lien
Hedging Affiliates, and all successors, assigns, transferees and replacements thereof, as well as any Person designated as a[n] “[    ]i [First/Second]ii Lien Creditor” under any [    ]i [First/Second]ii Lien Credit
Facility. 
 “[    ]i
[First/Second]ii Lien Documents” shall mean the [    ]i [First/Second]ii Lien Credit Facility, the [    ]i [First/Second]ii Lien Guarantees, the
[    ]i [First/Second]ii Lien Collateral Documents, any Bank Products Agreements between any [    ]i [First/Second]ii Lien Loan Party and any [    ]i [First/Second]ii Lien Bank Products Affiliate, any Hedging Agreements between any [    ]i [First/Second]ii Lien Loan Party and any [    ]i [First/Second]ii Lien Hedging Affiliate,
those other ancillary agreements as to which the [    ]i [First/Second]ii Lien Agent or any [    ]i [First/Second]ii Lien Secured Party is a party or a beneficiary and all other agreements, instruments, documents and certificates, now or
hereafter executed by or on behalf of any [    ]i [First/Second]ii Lien Loan Party or any of its respective Subsidiaries or
Affiliates, and delivered to the [    ]i [First/Second]ii Lien Agent, in connection with any of the foregoing or any
[    ]i [First/Second]ii Lien Credit Facility, in each case as the same may be amended, supplemented, waived or otherwise
modified from time to time. 

“[    ]i [First/Second]ii Lien Guarantees” shall mean the guarantees of the [    ]i [First/Second]ii Lien Guarantors pursuant to the Guarantee and Collateral Agreement (as defined in the Original [    ]i [First/Second]ii Lien Credit Facility), and all other guarantees of any [    ]i
[First/Second]ii Lien Obligations of any [    ]i [First/Second]ii Lien
Loan Party in favor of any [    ]i [First/Second]ii Lien Secured Party, in each case as the same may be amended,
supplemented, waived or otherwise modified from time to time. 
 “[    ]i [First/Second]ii Lien Guarantors” shall mean the collective reference to Holdings (so long as it is a Guarantor
under any of the [    ]i [First/Second]ii Lien Guarantees), each of the Company’s Subsidiaries that is a guarantor
under any of the [    ]i [First/Second]ii Lien Guarantees and any other Person who becomes a guarantor under any of the [ ]i [First/Second]ii Lien Guarantees. 

“[    ]i [First/Second]ii Lien Hedging Affiliate” shall mean any Person who (a) has entered into a Hedging Agreement with any
[    ]i [First/Second]ii Lien Loan Party with the obligations of such [    ]i [First/Second]ii Lien Loan Party thereunder being secured by one or more
[    ]i [First/Second]ii Lien Collateral Documents, (b) was a[n] [    ]i [First/Second]ii Lien Agent, a[n] [    ]i [First/Second]ii Lien Credit Facility Lender or an Affiliate of a[n] [    ]i
[First/Second]ii Lien Credit Facility Lender at the time of entry into such Hedging Agreement, or on or prior to the date hereof, or at the time of the designation referred to in the following
clause (c), and (c) has been designated by the Company in accordance with the terms of one or more [    ]i
[First/Second]ii Lien Collateral Documents (provided that no Person shall, with respect to any Hedging Agreement, be at any time a Hedging Affiliate hereunder with respect to more than one
Credit Facility). 

  
 23 

 “[    ]i [First/Second]ii Lien Loan Parties” shall mean the
[    ]i [First/Second]ii Lien Borrower, the
[    ]i [First/Second]ii Lien Guarantors and each other direct or indirect Subsidiary of the Company or any of its
Affiliates that is now or hereafter becomes a party to any [    ]i [First/Second]ii Lien Document. 

“[    ]i [First/Second]ii Lien Obligations” shall mean any and all loans and all other obligations, liabilities and indebtedness of every kind, nature and description, whether now existing or hereafter
arising, whether arising before, during or after the commencement of any case with respect to any [    ]i [First/Second]ii
Lien Loan Party under the Bankruptcy Code or any other Insolvency Proceeding, owing by each [    ]i [First/Second]ii Lien
Loan Party from time to time under any [    ]i [First/Second]ii Lien Document to any [    ]i [First/Second]ii Lien Agent, any [    ]i [First/Second]ii Lien Creditors or any of them, any [    ]i [First/Second]ii Lien Bank
Products Affiliates or [    ]i [First/Second]ii Lien Hedging Affiliates, whether for principal, interest (including
interest and fees which, but for the filing of a petition in bankruptcy with respect to such [    ]i [First/Second]ii Lien
Loan Party, would have accrued on any [    ]i [First/Second]ii Lien Obligation, whether or not a claim is allowed against
such [    ]i [First/Second]ii Lien Loan Party for such interest and fees in the related bankruptcy proceeding),
reimbursement for amounts drawn under letters of credit, fees, expenses, indemnification or otherwise, and all other amounts owing or due under the terms of the [    ]i
[First/Second]ii Lien Documents, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time; provided that all Indebtedness that is
Senior Priority Debt meets the requirements of Additional Indebtedness. 
 “[    ]i [First/Second]ii Lien Secured Parties” shall mean the [    ]i [First/Second]ii Lien and the [    ]i [First/Second]ii Lien Creditors. 
 Section 1.03 Rules of Construction. Unless the context of
this Agreement clearly requires otherwise, references to the plural include the singular, references to the singular include the plural, the term “including” is not limiting, and the term “or” has, except where otherwise
indicated, the inclusive meaning represented by the phrase “and/or”. The words “hereof”, “herein”, “hereby”, “hereunder”, and similar terms in this Agreement refer to this Agreement as a whole and
not to any particular provision of this Agreement. Article, section, subsection, clause, schedule, and exhibit references herein are to this Agreement unless otherwise specified. Any reference in this Agreement to any agreement, instrument, or
document shall include all alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements thereto and thereof, as applicable (subject to any restrictions on such alterations, amendments,
changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements set forth herein). Any reference herein to any Person shall be construed to include such Person’s successors and assigns. Any reference herein
to the repayment in full of an obligation shall mean the payment in full in cash of such obligation, or in such other manner as may be approved in writing by the requisite holders or representatives in respect of such obligation, or in such other
manner as may be approved by the requisite holders or representatives in respect of such obligation. 

  
 24 

 ARTICLE II. 

LIEN PRIORITY 
 Section 2.01
Lien Priority. 
 (a) Notwithstanding (i) the date, time, method, manner, or order of grant, attachment, or perfection
(including any defect or deficiency or alleged defect or deficiency in any of the foregoing) of any Liens granted to any Senior Priority Agent or any Senior Priority Creditors in respect of all or any portion of the Collateral, or of any Liens
granted to any Junior Priority Agent or any Junior Priority Creditors in respect of all or any portion of the Collateral, and regardless of how any such Lien was acquired (whether by grant, statute, operation of law, subrogation or otherwise), (ii)
the order or time of filing or recordation of any document or instrument for perfecting the Liens in favor of any Senior Priority Agent, any Senior Priority Creditors, any Junior Priority Agent or any Junior Priority Creditors in any Collateral,
(iii) any provision of the Uniform Commercial Code, the Bankruptcy Code or any other applicable law, or of any Senior Priority Documents or Junior Priority Documents, (iv) whether any Senior Priority Agent or any Junior Priority Agent, in
each case either directly or through agents, holds possession of, or has control over, all or any part of the Collateral, (v) the fact that any such Liens in favor of any Senior Priority Agent or any Senior Priority Creditors securing any of
the Senior Priority Obligations are (x) subordinated to any Lien securing any other obligation of any Loan Party or (y) otherwise subordinated, voided, avoided, invalidated or lapsed or (vi) any other circumstance of any kind or
nature whatsoever, each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby, hereby agrees that: 

(i) any Lien in respect of all or any portion of the Collateral now or hereafter held by or on behalf of any Junior Priority
Agent or any Junior Priority Creditor that secures all or any portion of the Junior Priority Obligations shall be junior and subordinate in all respects to all Liens granted to any of the Senior Priority Agents and the Senior Priority Creditors in
the Collateral to secure all or any portion of the Senior Priority Obligations; 
 (ii) any Lien in respect of all or any
portion of the Collateral now or hereafter held by or on behalf of any Senior Priority Agent or any Senior Priority Creditor that secures all or any portion of the Senior Priority Obligations shall be senior and prior in all respects to all Liens
granted to any of the Junior Priority Agents and the Junior Priority Creditors in the Collateral to secure all or any portion of the Junior Priority Obligations; 

(iii) except as may be separately otherwise agreed in writing by and between or among any applicable Senior Priority Agents, in
each case on behalf of itself and the Senior Priority Creditors represented thereby, any Lien in respect of all or any portion of the Collateral now or hereafter held by or on behalf of any Senior Priority Agent or any Senior Priority Creditor that
secures all or any portion of the Senior Priority Obligations shall be pari passu and equal in priority in all respects with any Lien in respect of all or any portion of the Collateral now or hereafter held by or on behalf of any other Senior
Priority Agent or any other Senior Priority Creditor that secures all or any portion of the Senior Priority Obligations; and 

(iv) except as may be separately otherwise agreed in writing by and between or among any applicable Junior Priority Agents, in
each case on behalf of itself and the Junior Priority Secured Parties represented thereby, any Lien in respect of all or any portion of the Collateral now or hereafter held by or on behalf of any Junior Priority Agent or any Junior Priority Creditor
that secures all or any portion of the Junior Priority Obligations shall be pari passu and equal in priority in all respects with any Lien in respect of all or any portion of the Collateral now or hereafter held by or on behalf of any other Junior
Priority Agent or any other Junior Priority Creditor that secures all or any portion of the Junior Priority Obligations. 

  
 25 

 (b) [Reserved.] 

(c) [Reserved.] 
 (d)
Notwithstanding any failure by any Senior Priority Secured Party to perfect its security interests in the Collateral or any avoidance, invalidation, priming or subordination by any third party or court of competent jurisdiction of the security
interests in the Collateral granted to any of the Senior Priority Secured Parties, the priority and rights as (x) between the respective classes of Senior Priority Secured Parties, and (y) between the Senior Priority Secured Parties, on
the one hand, and the Junior Priority Secured Parties, on the other hand, with respect to the Collateral shall be as set forth herein. Notwithstanding any failure by any Junior Priority Secured Party to perfect its security interests in the
Collateral or any avoidance, invalidation, priming or subordination by any third party or court of competent jurisdiction of the security interests in the Collateral granted to any of the Junior Priority Secured Parties, the priority and rights as
between the respective classes of Junior Priority Secured Parties with respect to the Collateral shall be as set forth herein. Lien priority as among the Senior Priority Obligations and the Junior Priority Obligations with respect to any Collateral
will be governed solely by this Agreement, except as may be separately otherwise agreed in writing by or among any applicable Parties to the extent permitted pursuant to this Agreement. 

(e) The Original First Lien Agent, for and on behalf of itself and the Original First Lien Secured Parties, acknowledges and agrees that
(x) concurrently herewith, the [    ]i [First/Second]ii Lien Agent, for the benefit of itself and
[    ]i [First/Second]ii Lien Secured Parties, has been granted
[Senior/Junior]viii Priority Liens upon all of the Collateral in which the Original First Lien Agent has been granted Senior Priority Liens, and the Original First Lien Agent hereby consents
thereto, and (y) one or more Additional Agents, each on behalf of itself and any Additional Credit Facility Secured Parties represented thereby, may be granted Senior Priority Liens or Junior Priority Liens upon all of the Collateral in which
the Original First Lien Agent has been granted Senior Priority Liens, and the Original First Lien Agent hereby consents thereto. 
 (f) The
[    ]i [First/Second]ii Lien Agent, for and on behalf of itself and the [    ]i [First/Second]ii Lien Secured Parties, acknowledges and agrees that (x) the Original First Lien Agent, for the benefit of itself and the
First Lien Secured Parties, has been granted Senior Priority Liens upon all of the Collateral in which the [    ]i
[First/Second]ii Lien Agent has been granted [Senior/Junior]vii Priority Liens, and the [    ]i [First/Second]ii Lien Agent hereby consents thereto, and (y) one or more Additional Agents, each on behalf of itself and any 

  
 26 

 
Additional Credit Facility Secured Parties represented thereby, may be granted Senior Priority Liens or Junior Priority Liens upon all of the Collateral in which the [    ]i [First/Second]ii Lien Agent has been granted [Senior/Junior]vii Priority Liens, and the [    ]i [First/Second]ii Lien Agent hereby consents thereto. 

(g) Each Additional Agent, for and on behalf of itself and any Additional Credit Facility Secured Parties represented thereby, acknowledges
and agrees that, (x) the Original First Lien Agent, for the benefit of itself and the Original First Lien Secured Parties, has been granted Senior Priority Liens upon all of the Collateral in which such Additional Agent is being granted Liens,
and such Additional Agent hereby consents thereto, (y) concurrently herewith, the [    ]i [First/Second]ii Lien Agent,
for the benefit of itself and the [    ]i [First/Second]ii Lien Secured Parties, has been granted [Senior/Junior]vii Priority Liens upon all of the Collateral in which such Additional Agent is being granted Liens, and such Additional Agent hereby consents thereto, and (z) one or more other Additional Agents,
each on behalf of itself and any Additional Credit Facility Secured Parties represented thereby, have been or may be granted Senior Priority Liens or Junior Priority Liens upon all of the Collateral in which such Additional Agent is being granted
Liens, and such Additional Agent hereby consents thereto. 
 (h) Lien priority as among the Additional Obligations, the Original First Lien
Obligations and the [    ]i [First/Second]ii Lien Obligations with respect to any Collateral will be governed solely by
this Agreement, except as may be separately otherwise agreed in writing by or among any applicable Parties to the extent permitted pursuant to this Agreement. 

(i) Each Senior Priority Agent, for and on behalf of itself and the relevant Senior Priority Secured Parties represented thereby, hereby
acknowledges and agrees that it is the intention of the Senior Priority Secured Parties of each Series of Senior Priority Debt that the holders of Senior Priority Obligations of such Series of Senior Priority Debt (and not the Senior Priority
Secured Parties of any other Series of Senior Priority Debt) bear the risk of (i) any determination by a court of competent jurisdiction that (x) any of the Senior Priority Obligations of such Series of Senior Priority Debt are
unenforceable under applicable law or are subordinated to any other obligations (other than another Series of Senior Priority Debt), (y) any of the Senior Priority Obligations of such Series of Senior Priority Debt do not have an enforceable
security interest in any of the Collateral securing any other Series of Senior Priority Debt and/or (z) any intervening security interest exists securing any other obligations (other than another Series of Senior Priority Debt) on a basis
ranking prior to the security interest of such Series of Senior Priority Debt but junior to the security interest of any other Series of Senior Priority Debt or (ii) the existence of any Collateral for any other Series of Senior Priority Debt
that is not also Collateral for the other Series of Senior Priority Debt (any such condition referred to in the foregoing clauses (i) or (ii) with respect to any Series of Senior Priority Debt, an “Impairment” of such Series of
Senior Priority Debt). In the event of any Impairment with respect to any Series of Senior Priority Debt, the results of such Impairment shall be borne solely by the holders of such Series of Senior Priority Debt, and the rights of the holders of
such Series of Senior Priority Debt (including the right to receive distributions in respect of such Series of Senior Priority Debt pursuant to Section 4.01) set forth herein shall be modified to the extent necessary so
that the effects of such Impairment are borne solely by the holders of the Series of Senior Priority Debt subject to such Impairment. 

  
 27 

 (j) Each Junior Priority Agent, for and on behalf of itself and the relevant Junior Priority
Secured Parties represented thereby, hereby acknowledges and agrees that it is the intention of the Junior Priority Secured Parties of each Series of Junior Priority Debt that the holders of Junior Priority Obligations of such Series of Junior
Priority Debt (and not the Junior Priority Secured Parties of any other Series of Junior Priority Debt) bear the risk of (i) any determination by a court of competent jurisdiction that (x) any of the Junior Priority Obligations of such
Series of Junior Priority Debt are unenforceable under applicable law or are subordinated to any other obligations (other than another Series of Junior Priority Debt), (y) any of the Junior Priority Obligations of such Series of Junior Priority Debt
do not have an enforceable security interest in any of the Collateral securing any other Series of Junior Priority Debt and/or (z) any intervening security interest exists securing any other obligations (other than another Series of Junior
Priority Debt) on a basis ranking prior to the security interest of such Series of Junior Priority Debt but junior to the security interest of any other Series of Junior Priority Debt or (ii) the existence of any Collateral for any other Series
of Junior Priority Debt that is not also Collateral for the other Series of Junior Priority Debt (any such condition referred to in the foregoing clauses (i) or (ii) with respect to any Series of Junior Priority Debt, an
“Impairment” of such Series of Junior Priority Debt). In the event of any Impairment with respect to any Series of Junior Priority Debt, the results of such Impairment shall be borne solely by the holders of such Series of Junior
Priority Debt, and the rights of the holders of such Series of Junior Priority Debt (including the right to receive distributions in respect of such Series of Junior Priority Debt pursuant to Section 4.01) set forth herein
shall be modified to the extent necessary so that the effects of such Impairment are borne solely by the holders of the Series of Junior Priority Debt subject to such Impairment. 

(k) The subordination of Liens by each Junior Priority Agent in favor of the Senior Priority Agents shall not be deemed to subordinate the
Liens of any Junior Priority Agent to the Liens of any other Person. The provision of pari passu and equal priority as between Liens of any Senior Priority Agent and Liens of any other Senior Priority Agent, in each case as set forth herein, shall
not be deemed to provide that the Liens of the Senior Priority Agent will be pari passu or of equal priority with the Liens of any other Person, or to subordinate any Liens of any Senior Priority Agent to the Liens of any Person. The provision of
pari passu and equal priority as between Liens of any Junior Priority Agent and Liens of any other Junior Priority Agent, in each case as set forth herein, shall not be deemed to provide that the Liens of the Junior Priority Agent will be pari passu
or of equal priority with the Liens of any other Person. 
 (l) So long as the Discharge of Senior Priority Obligations has not occurred,
the parties hereto agree that in the event that Holdings or any Borrower shall, or shall permit any other Grantor to, grant or permit any additional Liens, or take any action to perfect any additional Liens, on any asset or property to secure any
Junior Priority Obligation and have not also granted a Lien on such asset or property to secure the Senior Priority Obligations and taken all actions to perfect such Liens, then, without limiting any other rights and remedies available to any Senior
Priority Agent and/or the other Senior Priority Secured Parties, each Junior Priority Agent, on behalf of itself and the Junior Lien Secured Parties for which it is a Junior Priority Agent, and each other Junior Priority Secured Party (by its
acceptance of the benefits of the Junior Priority Documents), agrees that any amounts received by or distributed to any of them pursuant to or as a result of Liens granted in contravention of this Section 2.01(l) shall be subject to
Section 4.01(d). 

  
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 Section 2.02 Waiver of Right to Contest Liens. 

(a) Each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby, agrees that it and they
shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in any Insolvency
Proceeding), the validity, priority, enforceability, or perfection of the Liens of any Senior Priority Agent or any Senior Priority Creditor in respect of the Collateral, or the provisions of this Agreement. Except to the extent expressly set forth
in this Agreement, each Junior Priority Agent, for itself and on behalf of the Junior Priority Creditors represented thereby, agrees that no Junior Priority Agent or Junior Priority Creditor will take any action that would interfere with any
Exercise of Secured Creditor Remedies undertaken by any Senior Priority Agent or any Senior Priority Creditor under the Senior Priority Documents with respect to the Collateral. Except to the extent expressly set forth in this Agreement, each Junior
Priority Agent, for itself and on behalf of the Junior Priority Creditors represented thereby, hereby waives any and all rights it or such Junior Priority Creditors may have as a junior lien creditor or otherwise to contest, protest, object to or
interfere with the manner in which any Senior Priority Agent or any Senior Priority Creditor seeks to enforce its Liens in any Collateral. 

(b) Each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby, agrees that it and they
shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in any Insolvency
Proceeding), the validity, priority, enforceability, or perfection of the Liens of any other Junior Priority Agent or any other Junior Priority Creditor in respect of the Collateral, or the provisions of this Agreement (except as may be separately
otherwise agreed in writing by and between such Junior Priority Agent, on behalf of itself and the Junior Priority Creditors represented thereby, and the other relevant Junior Priority Agent, on behalf of itself and the Junior Priority Creditors
represented thereby). Except to the extent expressly set forth in this Agreement, each Junior Priority Agent, for itself and on behalf of the Junior Priority Creditors represented thereby, agrees that no Junior Priority Agent or Junior Priority
Creditor will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by any other Junior Priority Agent or any other Junior Priority Creditor under the Junior Priority Documents with respect to the Collateral
(except as may be separately otherwise agreed in writing by and between such Junior Priority Agent, on behalf of itself and the Junior Priority Creditors represented thereby, and the other relevant Junior Priority Agent, on behalf of itself and the
Junior Priority Creditors represented thereby). Except to the extent expressly set forth in this Agreement, each Junior Priority Agent, for itself and on behalf of the Junior Priority Creditors represented thereby, hereby waives any and all rights
it or such Junior Priority Creditors may have as a junior lien creditor or otherwise to contest, protest, object to or interfere with the manner in which any other Junior Priority Agent or any other Junior Priority Creditor seeks to enforce its
Liens in any Collateral (except as may be separately otherwise agreed in writing by and between such Junior Priority Agent, on behalf of itself and the Junior Priority Creditors represented thereby, and the other relevant Junior Priority Agent, on
behalf of itself and the Junior Priority Creditors represented thereby). 

  
 29 

 (c) Each Senior Priority Agent, for and on behalf of itself and the Senior Priority Creditors
represented thereby, agrees that it and they shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any
proceeding (including in any Insolvency Proceeding), the validity, priority, enforceability, or perfection of the Liens of any other Senior Priority Agent or any other Senior Priority Creditor in respect of the Collateral, or the provisions of this
Agreement (except as may be separately otherwise agreed in writing by and between such Senior Priority Agent, on behalf of itself and the Senior Priority Creditors represented thereby, and the other relevant Senior Priority Agent, on behalf of
itself and the Senior Priority Creditors represented thereby). Except to the extent expressly set forth in this Agreement, each Senior Priority Agent, for itself and on behalf of the Senior Priority Creditors represented thereby, agrees that no
Senior Priority Agent or Senior Priority Creditor will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by any other Senior Priority Agent or any other Senior Priority Creditor under the Senior Priority
Documents with respect to the Collateral (except as may be separately otherwise agreed in writing by and between such Senior Priority Agent, on behalf of itself and the Senior Priority Creditors represented thereby, and the other relevant Senior
Priority Agent, on behalf of itself and the Senior Priority Creditors represented thereby). Except to the extent expressly set forth in this Agreement, each Senior Priority Agent, for itself and on behalf of the Senior Priority Creditors represented
thereby, hereby waives any and all rights it or such Senior Priority Creditors may have as a senior lien creditor or otherwise to contest, protest, object to or interfere with the manner in which any other Senior Priority Agent or any other Senior
Priority Creditor seeks to enforce its Liens in any Collateral (except as may be separately otherwise agreed in writing by and between such Senior Priority Agent, on behalf of itself and the Senior Priority Creditors represented thereby, and the
other relevant Senior Priority Agent, on behalf of itself and the Senior Priority Creditors represented thereby). 
 (d) The assertion of
priority rights established under the terms of this Agreement shall not be considered a challenge to Lien priority of any Party prohibited by this Section 2.02. 

Section 2.03 Remedies Standstill. 

(a) Each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby, agrees that, until the
Discharge of Senior Priority Obligations, such Junior Priority Agent and such Junior Priority Creditors: 
 (i) will not, and
will not seek to, Exercise Any Secured Creditor Remedies (or institute or join in any action or proceeding with respect to the Exercise of Secured Creditor Remedies) with respect to the Collateral without the written consent of the Senior Priority
Representative; provided that any Junior Priority Agent may Exercise Any Secured Creditor Remedies after a period of 180 consecutive days has elapsed from the date of delivery of written notice by such Junior Priority Agent to each Senior
Priority Agent stating that an Event of Default (as defined under the applicable Junior Priority Credit Facility) has occurred and is continuing thereunder and stating its intention to Exercise Any Secured Creditor Remedies (the
“Standstill Period”), and then such Junior Priority Agent may Exercise Any Secured Creditor Remedies only so long as no Senior Priority Secured Party shall have commenced (or attempted to commence or given notice

  
 30 

 
of its intent to commence) the Exercise of Secured Creditor Remedies with respect to the Collateral (including seeking relief from the automatic stay or any other stay in any Insolvency
Proceeding); provided further that notwithstanding anything herein to the contrary, in no event shall the Junior Priority Agent Exercise Any Secured Creditor Remedies with respect to the Collateral if, notwithstanding the expiration of
the Standstill Period, Senior Priority Secured Party shall have commenced and be diligently pursuing the Exercise of Secured Creditor Remedies (or shall have sought or requested relief or modification of the automatic stay or any other stay in an
Insolvency Proceeding to enable the commencement and pursuit thereof); and 
 (ii) will not contest, protest or object to any
foreclosure proceeding or action brought by the Senior Priority Representative or any other Senior Priority Agent of any rights and remedies relating to the Collateral under the Senior Priority Credit Facilities or otherwise, in each case so long as
any Proceeds are distributed in accordance with Section 4.01; 
 (iii) will not knowingly take, receive or accept
any Proceeds of the Collateral in connection with any Exercise of Secured Creditor Remedies except to the extent such Proceeds were paid pursuant to Section 4.01; and 

(iv) subject to their rights under clause (a)(i) above, will not object to the forbearance by the Senior Priority
Representative or any other Senior Priority Agent or the Senior Priority Creditors from bringing or pursuing any foreclosure proceeding or action or any other exercise of any rights or remedies relating to the Collateral, in each case so long as any
Proceeds are distributed in accordance with Section 4.01. 
 (b) Until the Discharge of Senior Priority Obligations, whether or
not any Insolvency Proceeding has been commenced by or against any Loan Party, subject to Section 2.03(a)(i), the Senior Priority Representative (or its agent or nominee) shall have the exclusive right to Exercise Any Secured Creditor Remedies
without any consultation with or the consent of the Junior Priority Representative, any other Junior Priority Agent or any Junior Priority Creditor; provided that any Proceeds are distributed in accordance with Section 4.01. 

(c) From and after the Discharge of Senior Priority Obligations, any Junior Priority Agent and any Junior Priority Creditor may Exercise Any
Secured Creditor Remedies under the Junior Priority Documents or applicable law as to any Collateral; subject to the provisions of this Agreement, including Section 4.01. Notwithstanding anything to the contrary contained herein, any
Junior Priority Agent or any Junior Priority Secured Party may: 
 (i) make such demands or file such claims in respect of
the [Senior] [Junior] Priority Obligations owed to such [Senior] [Junior] Priority Agent and the [Senior] [Junior] Priority Creditors represented thereby as are necessary to prevent the waiver or bar of such claims under applicable statutes of
limitations or other statutes, court orders, or rules of procedure at any time; 
 (ii) file a claim or statement of interest
with respect to the Junior Priority Obligations; 

  
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 (iii) take any action in order to create, prove, perfect, preserve or protect
(but not enforce) its Lien on and rights in, and the perfection and priority of its Lien on, any of the Collateral; 
 (iv)
file any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleading made by any person objecting to or otherwise seeking the disallowance of the claims of the Junior Priority Secured
Parties represented thereby or of the same Series of Senior Priority Debt, in accordance with the terms of this Agreement; 

(v) file any pleadings, objections, motions or agreements which assert rights or interests available to unsecured creditors of
the Loan Parties arising under either any Insolvency Proceeding or applicable non-bankruptcy law, in each case not inconsistent with the terms of this Agreement or applicable law (including the Bankruptcy Laws
of any applicable jurisdiction); and 
 (vi) vote on any Plan of Reorganization, file any proof of claim, make other filings
and make any arguments and motions (including in support of or opposition to, as applicable, the confirmation or approval of any Plan of Reorganization) that are, in each case, in accordance with the terms of this Agreement. 

(d) Any Senior Priority Agent, on behalf of itself and any Senior Priority Creditors represented thereby, agrees that such Senior Priority
Agent and such Senior Priority Creditors will not, and will not seek to, Exercise Any Secured Creditor Remedies (or institute or join in any action or proceeding with respect to the Exercise of Secured Creditor Remedies) with respect to any of the
Collateral without the written consent of the Senior Priority Representative; provided that nothing in this sentence shall prohibit any Senior Priority Agent from taking such actions in its capacity as Senior Priority Representative, if
applicable. The Senior Priority Representative may Exercise Any Secured Creditor Remedies under the Senior Priority Collateral Documents or applicable law as to any Collateral subject to the provisions of this Agreement, including
Section 4.01 hereof. Notwithstanding anything to the contrary contained herein, any Senior Priority Agent or any Senior Priority Secured Party may: 

(i) make such demands or file such claims in respect of the [Senior] [Junior] Priority Obligations owed to such [Senior]
[Junior] Priority Agent and the [Senior] [Junior] Priority Creditors represented thereby as are necessary to prevent the waiver or bar of such claims under applicable statutes of limitations or other statutes, court orders, or rules of procedure at
any time; 
 (ii) file a claim or statement of interest with respect to the Senior Priority Obligations; 

(iii) take any action in order to create, prove, perfect, preserve or protect (but not enforce) its Lien on and rights in, and
the perfection and priority of its Lien on, any of the Collateral; 
 (iv) file any necessary responsive or defensive
pleadings in opposition to any motion, claim, adversary proceeding or other pleading made by any person objecting to or otherwise seeking the disallowance of the claims of the Senior Priority Secured Parties represented thereby in accordance with
the terms of this Agreement; 

  
 32 

 (v) file any pleadings, objections, motions or agreements which assert rights or
interests available to unsecured creditors of the Loan Parties arising under either any Insolvency Proceeding or applicable non-bankruptcy law, in each case not inconsistent with the terms of this Agreement or
applicable law (including the Bankruptcy Laws of any applicable jurisdiction); and 
 (vi) vote on any Plan of
Reorganization, file any proof of claim, make other filings and make any arguments and motions (including in support of or opposition to, as applicable, the confirmation or approval of any Plan of Reorganization) that are, in each case, in
accordance with the terms of this Agreement. 
 Section 2.04 Exercise of Rights. 

(a) No Other Restrictions. Except as expressly set forth in this Agreement, (i) each Agent and each Creditor shall have any
and all rights and remedies it may have as a creditor under applicable law, including the right to the Exercise of Secured Creditor Remedies (except as may be separately otherwise agreed in writing by and between or among any applicable Parties,
solely as among such Parties and the Creditors represented thereby), and (ii) nothing in this Agreement shall prohibit the receipt by any Agent or any Secured Party of the required payment of principal and interest so long as, in the case of
any Junior Priority Agent or Junior Priority Secured Party, such receipt is not the direct or indirect result of the Exercise of Secured Creditor Remedies in contravention of this Agreement and such receipt is not Proceeds of Collateral;
provided, however, that the Exercise of Secured Creditor Remedies with respect to the Collateral shall be subject to the Lien Priority and to the provisions of this Agreement, including Section 4.01. Each
Senior Priority Agent may enforce the provisions of the applicable Senior Priority Documents, each Junior Priority Agent may enforce the provisions of the applicable Junior Priority Documents, and each Agent may Exercise Any Secured Creditor
Remedies, all in such order and in such manner as each may determine in the exercise of its sole discretion, consistent with the terms of this Agreement and mandatory provisions of applicable law (except as may be separately otherwise agreed in
writing by and between or among any applicable Parties, solely as among such Parties and the Creditors represented thereby); provided, however, that each Agent agrees to provide to each other such Party copies of any notices that it is
required under applicable law to deliver to any Loan Party; and provided, further, however, that any Senior Priority Agent’s failure to provide any such copies to any other such Party shall not impair any Senior Priority
Agent’s rights hereunder or under any of the applicable Senior Priority Documents, and any Junior Priority Agent’s failure to provide any such copies to any other such Party shall not impair any Junior Priority Agent’s rights
hereunder or under any of the applicable Junior Priority Documents. Each Agent agrees for and on behalf of itself and each Creditor represented thereby that such Agent and each such Creditor will not institute or join in any suit, Insolvency
Proceeding or other proceeding or assert in any suit, Insolvency Proceeding or other proceeding any claim, (x) in the case of any Junior Priority Agent and any Junior Priority Creditor represented thereby, against any Senior Priority Secured
Party, and (y) in the case of any Senior Priority Agent and any Senior Priority Creditor represented thereby, against any Junior Priority Secured Party, seeking damages from or other relief by way of specific

  
 33 

 
performance, instructions or otherwise, with respect to any action taken or omitted to be taken by such Person with respect to the Collateral that is consistent with the terms of this Agreement,
and none of such Persons shall be liable for any such action taken or omitted to be taken. Except as may be separately otherwise agreed in writing by and between or among any applicable Senior Priority Agents, in each case on behalf of itself and
the Senior Priority Creditors represented thereby, each Senior Priority Agent agrees for and on behalf of any Senior Priority Creditors represented thereby that such Agent and each such Creditor will not institute or join in any suit, Insolvency
Proceeding or other proceeding or assert in any suit, Insolvency Proceeding or other proceeding any claim against any other Senior Priority Agent or any Senior Priority Creditor represented thereby seeking damages from or other relief by way of
specific performance, instructions or otherwise, with respect to any action taken or omitted to be taken by such Person with respect to the Collateral that is consistent with the terms of this Agreement, and none of such Persons shall be liable for
any such action taken or omitted to be taken. Except as may be separately otherwise agreed in writing by and between or among any Junior Priority Agents, in each case on behalf of itself and the Junior Priority Creditors represented thereby, each
Junior Priority Agent agrees for and on behalf of any Junior Priority Creditors represented thereby that such Agent and each such Creditor will not institute or join in any suit, Insolvency Proceeding or other proceeding or assert in any suit,
Insolvency Proceeding or other proceeding any claim against any other Junior Priority Agent or any Junior Priority Creditor represented thereby seeking damages from or other relief by way of specific performance, instructions or otherwise, with
respect to any action taken or omitted to be taken by such Person with respect to the Collateral that is consistent with the terms of this Agreement, and none of such Persons shall be liable for any such action taken or omitted to be taken. 

(b) Release of Liens. In the event of (A) any private or public sale of all or any portion of the Collateral in connection
with any Exercise of Secured Creditor Remedies by or with the consent of the Senior Priority Representative, (B) any sale, transfer or other disposition of all or any portion of the Collateral other than in connection with any Exercise of
Secured Creditor Remedies, so long as such sale, transfer or other disposition is then permitted by the Senior Priority Documents, or (C) the release of the Senior Priority Secured Parties’ Liens on all or any portion of the Collateral
which release under clause (C) shall have been approved by all of the requisite Senior Priority Secured Parties (as determined pursuant to the applicable Senior Priority Documents), in the case of clauses (B) and (C) only to the extent
occurring prior to the Discharge of Senior Priority Obligations and not in connection with a Discharge of Senior Priority Obligations (and irrespective of whether an Event of Default has occurred), each Junior Priority Agent agrees, for and on
behalf of itself and the Junior Priority Creditors represented thereby, that (x) so long as (1) the net cash proceeds of any such sale, if any, described in clause (A) above are applied as provided in
Section 4.01 hereof and (2) there is a corresponding release of the Liens securing the Senior Priority Obligations, such sale or release will be free and clear of the Liens on such Collateral securing the Junior
Priority Obligations and (y) such Junior Priority Secured Parties’ Liens with respect to the Collateral so sold, transferred, disposed or released shall terminate and be automatically released without further action. In furtherance of, and
subject to, the foregoing, each Junior Priority Agent agrees that it will execute any and all Lien releases or other documents reasonably requested by any Senior Priority Agent in connection therewith, so long as the net cash proceeds, if any, from
such sale described in clause (A) above of such Collateral are applied in accordance with the terms of this Agreement. Each Junior Priority Agent hereby appoints the Senior Priority Representative and any officer or duly

  
 34 

 
authorized person of the Senior Priority Representative, with full power of substitution, as its true and lawful
attorney-in-fact with full irrevocable power of attorney in the place and stead of such Junior Priority Agent and in the name of such Junior Priority Agent or in the
Senior Priority Representative’s own name, from time to time, in the Senior Priority Representative’s sole discretion, for the purposes of carrying out the terms of this paragraph, to take any and all appropriate action and to execute and
deliver any and all documents and instruments as may be necessary or desirable to accomplish the purposes of this paragraph, including any financing statements, endorsements, assignments, releases or other documents or instruments of transfer (which
appointment, being coupled with an interest, is irrevocable). Until the Discharge of Senior Priority Obligations, to the extent that the Senior Priority Secured Parties (i) have released any Lien on Collateral and any such Lien is later
reinstated or (ii) obtain any new Senior Priority Liens, then the Junior Priority Secured Parties shall at the time of such reinstatement or new Senior Priority Liens be granted a Junior Priority Lien on any such Collateral. 

Section 2.05 No New Liens.43 

(a) Until the Discharge of Senior Priority Obligations, each Junior Priority Agent, for and on behalf of itself and any Junior Priority
Creditors represented thereby, hereby agrees that: 
 (i) no Junior Priority Secured Party shall acquire or hold (x) any
guaranty of Junior Priority Obligations by any Person unless such Person also provides (or is prohibited by applicable law from providing) a guaranty of the Senior Priority Obligations, or (y) any Lien on (unless prohibited by any applicable
law) any assets of any Loan Party securing any Junior Priority Obligation, which assets are not also subject to the Lien of each Senior Priority Agent under the Senior Priority Documents, subject to the Lien Priority set forth herein; and 

(ii) if any such Junior Priority Secured Party shall (nonetheless and in breach hereof) acquire or hold any guaranty of Junior
Priority Obligations by any Person who does not also provide a guaranty of Senior Priority Obligations or any Lien on any assets of any Loan Party securing any Junior Priority Obligation, which assets are not also subject to the Lien of each Senior
Priority Agent under the Senior Priority Documents, subject to the Lien Priority set forth herein, then such Junior Priority Agent (or the relevant Junior Priority Creditor) shall, without the need for any further consent of any other Junior
Priority Secured Party and notwithstanding anything to the contrary in any other Junior Priority Document, be deemed to also hold and have held such guaranty or Lien for the benefit of the Senior Priority Agents as security for the Senior Priority
Obligations (subject to the Lien Priority and other terms hereof) and shall promptly notify each Senior Priority Agent in writing of the existence of such Lien. 

 

	43 	Form note: clauses (a), (b) and (c) may be omitted (or modified, as appropriate) at the Borrower’s direction subject to consultation with the Administrative Agent in circumstances in which a Secured Party has,
or may be entitled to have, Collateral or credit support that the other Secured Parties do not have. 

  
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 (b) Until the Discharge of Senior Priority Obligations, except as may be separately otherwise
agreed in writing by and between or among any applicable Senior Priority Agents, in each case, on behalf of itself and any Senior Priority Creditors represented thereby, each Senior Priority Agent, for and on behalf of itself and the Senior Priority
Creditors represented thereby, hereby agrees that: 
 (i) no such Senior Priority Secured Party shall acquire or hold
(x) any guaranty of any Senior Priority Obligations by any Person unless such Person also provides (or is prohibited by applicable law from providing) a guaranty of all the other Senior Priority Obligations, or (y) any Lien on (unless
prohibited by any applicable law) any assets (other than any Excluded Cash Collateral) of any Loan Party securing any Senior Priority Obligation, which assets are not also subject to the Lien of each other Senior Priority Agent under the Senior
Priority Documents, subject to the Lien Priority set forth herein; and 
 (ii) if any such Senior Priority Secured Party
shall (nonetheless and in breach hereof) acquire or hold any guaranty of any Senior Priority Obligations by any Person who does not also provide a guaranty of all other Senior Priority Obligations or any Lien on any assets of any Loan Party securing
any Senior Priority Obligation, which assets are not also subject to the Lien of each other Senior Priority Agent under the Senior Priority Documents, subject to the Lien Priority set forth herein, then such Senior Priority Agent (or the relevant
Senior Priority Creditor) shall, without the need for any further consent of any other Senior Priority Secured Party and notwithstanding anything to the contrary in any other Senior Priority Document, be deemed to also hold and have held such
guaranty or Lien for the benefit of each other Senior Priority Agent as security for the other Senior Priority Obligations (subject to the Lien Priority and other terms hereof) and shall promptly notify each Senior Priority Agent in writing of the
existence of such Lien. 
 (c) Until the Discharge of Junior Priority Obligations, except as may be separately otherwise agreed in writing
by and between or among any applicable Junior Priority Agents, in each case, on behalf of itself and any Junior Priority Creditors represented thereby, each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors
represented thereby, hereby agrees that: 
 (i) no such Junior Priority Secured Party shall acquire or hold (x) any
guaranty of any Junior Priority Obligations by any Person unless such Person also provides (or is prohibited by applicable law from providing) a guaranty of all the other Junior Priority Obligations, or (y) any Lien on Lien on (unless
prohibited by any applicable law) any assets of any Loan Party securing any Junior Priority Obligation, which assets are not also subject to the Lien of each other Junior Priority Agent under the Junior Priority Documents, subject to the Lien
Priority set forth herein; and 
 (ii) if any such Junior Priority Secured Party shall (nonetheless and in breach hereof)
acquire or hold any guaranty of any Junior Priority Obligations by any Person who does not also provide a guaranty of all other Junior Priority Obligations or any Lien on any assets of any Loan Party securing any Junior Priority Obligation, which
assets are not also subject to the Lien of each other Junior Priority Agent under the Junior Priority 

  
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Documents, subject to the Lien Priority set forth herein, then such Junior Priority Agent (or the relevant Junior Priority Creditor) shall, without the need for any further consent of any other
Junior Priority Secured Party and notwithstanding anything to the contrary in any other Junior Priority Document, be deemed to also hold and have held such guaranty or Lien for the benefit of each other Junior Priority Agent as security for the
other Junior Priority Obligations (subject to the Lien Priority and other terms hereof) and shall promptly notify each Junior Priority Agent in writing of the existence of such Lien. 

(d) No Secured Party shall be deemed to be in breach of this Section 2.05 as a result of any other Secured Party
expressly declining, in writing (by virtue of the scope of the grant of Liens, including exceptions thereto and exclusions therefrom), to acquire, hold or continue to hold any Lien in any asset of any Loan Party. 

Section 2.06 Waiver of Marshalling. Until the Discharge of Senior Priority Obligations, each Junior Priority Agent (including in
its capacity as Junior Priority Representative, if applicable), on behalf of itself and the Junior Priority Secured Parties represented thereby, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand,
request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the Collateral or any other similar rights a
junior secured creditor may have under applicable law. 
 ARTICLE III. 

ACTIONS OF THE PARTIES 

Section 3.01 Agent for Perfection. 

(a) Each Loan Party shall deliver all Cash Collateral or Control Collateral when required to be delivered pursuant to the Credit Documents to
(x) until the Discharge of Senior Priority Obligations, the Senior Priority Representative and (y) thereafter, the Junior Priority Representative. 

(b) Each Agent, for and on behalf of itself and the Secured Parties represented thereby, agrees to hold all Cash Collateral and Control
Collateral in its possession, custody, or control (or in the possession, custody, or control of agents or bailees therefor) for the benefit of, on behalf of and as agent for the other Secured Parties solely for the purpose of perfecting the security
interest granted to each other Agent or Secured Party in such Cash Collateral and Control Collateral, subject to the terms and conditions of this Section 3.01. Such Agent shall not have any obligation whatsoever to the
other Secured Parties to assure that such Cash Collateral and Control Collateral is genuine or owned by any Loan Party or any other Person or to preserve rights or benefits of any Person therein. The duties or responsibilities of such Agent under
this Section 3.01 are and shall be limited solely to holding or maintaining control of such Cash Collateral and Control Collateral as agent for the Secured Parties for purposes of perfecting the Lien held by the Secured
Parties. Such Agent is not and shall not be deemed to be a fiduciary of any kind for any Secured Party or any other Person. 

  
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 (c) In the event that any Secured Party receives any Collateral or Proceeds of the Collateral in
violation of the terms of this Agreement, then such Secured Party shall promptly pay over such Proceeds or Collateral to (x) until the Discharge of Senior Priority Obligations, the Senior Priority Representative, and (y) thereafter, the
Junior Priority Representative, in the same form as received with any necessary endorsements, for application in accordance with the provisions of Section 4.01 hereof. 

(d) It is understood and agreed that the interests of the Senior Priority Agents and the Senior Lien Creditors, on the one hand, and the
Junior Priority Agent and the Junior Priority Creditors, on the other hand, may differ and the Senior Priority Agents and the Senior Priority Creditors shall be fully entitled to act in their own interest without taking into account the interests of
the Junior Priority Agents or the Junior Priority Creditors. 
 Section 3.02 Sharing of Information and Access. In the event
that any Junior Priority Agent shall, in the exercise of its rights under the applicable Junior Priority Collateral Documents or otherwise, receive possession or control of any books and records of any Loan Party that contain information identifying
or pertaining to the Collateral, such Junior Priority Agent shall, upon request from any other Agent, and as promptly as practicable thereafter, either make available to such Agent such books and records for inspection and duplication or provide to
such Agent copies thereof. In the event that any Senior Priority Agent shall, in the exercise of its rights under the applicable Senior Priority Collateral Documents or otherwise, receive possession or control of any books and records of any Loan
Party that contain information identifying or pertaining to the Collateral, such Senior Priority Agent shall, upon request from any other Agent, and as promptly as practicable thereafter, either make available to such Agent such books and records
for inspection and duplication or provide to such Agent copies thereof. 
 Section 3.03 Insurance. Proceeds of Collateral
include insurance proceeds and, therefore, the Lien Priority shall govern the ultimate disposition of casualty insurance proceeds. The Senior Priority Representative and the Junior Priority Representative shall be named as additional insured or loss
payee, as applicable, with respect to all insurance policies relating to Collateral. Until the Discharge of Senior Priority Obligations, (a) the Senior Priority Representative shall have the sole and exclusive right, as against any Secured
Party, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of Collateral and (b) all proceeds of such insurance shall be remitted to the Senior Priority Representative, and each other Agent shall
cooperate (if necessary) in a reasonable manner in effecting the payment of insurance proceeds in accordance with Section 4.01. 

Section 3.04 No Additional Rights for the Loan Parties Hereunder. If any Secured Party shall enforce its rights or remedies in
violation of the terms of this Agreement, the Loan Parties shall not be entitled to use such violation as a defense to any action by any Secured Party, nor to assert such violation as a counterclaim or basis for set off or recoupment against any
Secured Party. 

  
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 ARTICLE IV. 

APPLICATION OF PROCEEDS 

Section 4.01 Application of Proceeds. 

(a) Revolving Nature of Certain First Lien Obligations. Each Agent, for and on behalf of itself and the Secured Parties
represented thereby, expressly acknowledges and agrees that (i) the Original First Lien Credit Agreement [and the First Lien Credit Agreement]ix includes one or more revolving commitments,
that in the ordinary course of business the Original First Lien Agent and certain First Lien Credit Agreement Lenders[, the [    ] Agent and certain [    ]
Lenders]x may apply payments and make advances thereunder, and one or more incremental commitments of various classes, and (ii) the amount of the Original First Lien Obligations [or
[    ] Obligations]xi that may be outstanding thereunder at any time or from time to time may be increased or reduced and subsequently reborrowed, and that the terms of the
Original First Lien Obligations [or [    ] Obligations]xii thereunder may be modified, extended or amended from time to time, and that the aggregate amount of the Original
First Lien Obligations[, [    ] Obligations]xii or Additional Obligations thereunder may be increased, replaced or refinanced, in each event, without notice to or consent by
any other Secured Parties and without affecting the provisions hereof; provided, however, that from and after the date on which the Original First Lien Agent or any Original First Lien Credit Agreement Lender [or the
[    ] Agent or any [    ] Lenders]xi commences the Exercise of Secured Creditor Remedies, all amounts received by the Original First Lien Agent or any such
Original First Lien Credit Agreement Lender [or the [     ] Agent or any [    ] Lenders]xi as a result of such Exercise of Secured Creditor Remedies shall
be applied as specified in this Section 4.01. The Lien Priority shall not be altered or otherwise affected by any such amendment, modification, supplement, extension, repayment, reborrowing, increase, replacement, renewal,
restatement or refinancing of the Original First Lien Obligations, the [    ]i [First/Second]ii Lien Obligations, or any
Additional Obligations, or any portion thereof. 
 (b) Revolving Nature of Certain Junior Priority Obligations. Each Agent,
for and on behalf of itself and the Secured Parties represented thereby, expressly acknowledges and agrees that (x) Junior Priority Credit Facilities may include one or more revolving commitments, that in the ordinary course of business any
Junior Priority Agent and Junior Priority Secured Parties may apply payments and make advances thereunder, and one or more incremental commitments of various classes, and (y) the amount of Junior Priority Obligations that may be outstanding
thereunder at any time or from time to time may be increased or reduced and subsequently reborrowed, and that the terms of Junior Priority Obligations thereunder may be modified, extended or amended from time to time, and that the aggregate amount
of Junior Priority Obligations thereunder may be increased, replaced or refinanced, in each event, without notice to or consent by any other Secured Parties and without affecting the provisions hereof; provided, however, that from and
after the date on which any Junior Priority Agent or Junior Priority Secured Party commences the Exercise of Secured Creditor Remedies, all amounts received by any such Junior Priority Agent or Junior Priority Secured Party as a result of such
Exercise of Secured Creditor Remedies shall be applied as specified in this Section 4.01. The Lien Priority shall not be altered or otherwise affected by any such amendment, modification, supplement, extension, repayment,
reborrowing, increase, replacement, renewal, restatement or refinancing of the Original First Lien Obligations, the [    ]i [First/Second]ii Lien Obligations, or any Additional Obligations, or any portion thereof. 

  
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 (c) Revolving Nature of Certain Additional Obligations. Each Agent, for and on
behalf of itself and the Secured Parties represented thereby, expressly acknowledges and agrees that (x) Additional Credit Facilities may include one or more revolving commitments, that in the ordinary course of business any Additional Agent
and Additional Credit Facility Secured Parties may apply payments and make advances thereunder, and one or more incremental commitments of various classes, and (y) the amount of Additional Obligations that may be outstanding thereunder at any
time or from time to time may be increased or reduced and subsequently reborrowed, and that the terms of Additional Obligations thereunder may be modified, extended or amended from time to time, and that the aggregate amount of Additional
Obligations thereunder may be increased, replaced or refinanced, in each event, without notice to or consent by any other Secured Parties and without affecting the provisions hereof; provided, however, that from and after the date on
which any Additional Agent or Additional Credit Facility Secured Party commences the Exercise of Secured Creditor Remedies, all amounts received by any such Additional Agent or Additional Credit Facility Secured Party as a result of such Exercise of
Secured Creditor Remedies shall be applied as specified in this Section 4.01. The Lien Priority shall not be altered or otherwise affected by any such amendment, modification, supplement, extension, repayment, reborrowing, increase,
replacement, renewal, restatement or refinancing of the Original First Lien Obligations, the [    ]i [First/Second]ii Lien
Obligations, or any Additional Obligations, or any portion thereof. 
 (d) Application of Proceeds of Collateral.
Except as may be separately otherwise agreed in writing by and between or among any applicable Agents, each Agent for, and on behalf of itself and the Secured Parties represented thereby, hereby agrees that all Collateral, and all Proceeds
thereof, in each case, received by any Agent in connection with any Exercise of Secured Creditor Remedies shall be applied as follows, subject to clause (e) of this Section 4.01: 

first, to the payment, on a pro rata basis, of costs and expenses of each Agent, as applicable, in connection
with such Exercise of Secured Creditor Remedies (other than any costs and expenses of any Junior Priority Agent in connection with any Exercise of Secured Creditor Remedies by it in willful violation of this Agreement (as determined in good faith by
the Senior Priority Agent), which costs and expenses shall be payable in accordance with clause third of this paragraph (d) to the extent that such costs and expenses constitute Junior Priority Obligations); 

second, to the payment of Senior Priority Obligations owing to the Senior Priority Secured Parties represented by
each Senior Priority Agent in accordance with the applicable Senior Priority Credit Facility, which payment shall be made between and among the Senior Priority Obligations owing to Senior Priority Secured Parties represented by different Senior
Priority Agents on a pro rata basis (except as may be separately otherwise agreed in writing by and between or among any applicable Senior Priority Agents, in each case on behalf of itself and the Senior Priority Secured Parties represented
thereby); 

  
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 third, to the payment of Junior Priority Obligations owing to the
Junior Priority Secured Parties represented by each Junior Priority Agent in accordance with the applicable Junior Priority Credit Facility, which payment shall be made between and among the Junior Priority Obligations owing to Junior Priority
Secured Parties represented by different Junior Priority Agents on a pro rata basis (except as may be separately otherwise agreed in writing by and between or among any applicable Junior Priority Agents, in each case on behalf of itself and the
Junior Priority Secured Parties represented thereby); and 
 fourth, the balance, if any, to the Loan Parties
or to whomsoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct. 
 Each Senior Priority
Agent shall provide the Senior Priority Representative with such information about the Senior Priority Obligations owing to the Senior Priority Secured Parties represented by it as they may reasonably request in order to carry out the purposes of
this Section 4.01. Each Junior Priority Agent shall provide the Junior Priority Representative with such information about the Junior Priority Obligations owing to the Junior Priority Secured Parties represented by it as they may
reasonably request in order to carry out the purposes of this Section 4.01. 
 (e) Limited Obligation or
Liability. In exercising remedies, whether as a secured creditor or otherwise, no Senior Priority Agent shall have any obligation or liability to any Junior Priority Secured Party, or (except as may be separately agreed in writing by
and between or among any applicable Senior Priority Agents, in each case on behalf of itself and the Senior Priority Creditors represented thereby) to any other Senior Priority Secured Party, in each case regarding the adequacy of any Proceeds or
for any action or omission, save and except solely for an action or omission that breaches the express obligations undertaken by such Senior Priority Agent under the terms of this Agreement. In exercising remedies, whether as a secured creditor or
otherwise, no Junior Priority Agent shall have any obligation or liability (except as may be separately agreed in writing by and between or among any applicable Junior Priority Agents, in each case on behalf of itself and the Junior Priority
Creditors represented thereby) to any other Junior Priority Secured Party, in each case regarding the adequacy of any Proceeds or for any action or omission, save and except solely for an action or omission that breaches the express obligations
undertaken by such Junior Priority Agent under the terms of this Agreement. 
 (f) Turnover of Cash Collateral After
Discharge. Upon the Discharge of Senior Priority Obligations, each Senior Priority Agent shall deliver to the Junior Priority Representative or shall execute such documents as the Company or as the Junior Priority Representative may
reasonably request to enable it to have control over any Cash Collateral or Control Collateral still in such Senior Priority Agent’s possession, custody or control in the same form as received with any necessary endorsements, or as a court of
competent jurisdiction may otherwise direct. As between any Junior Priority Agent and any other Junior Priority Agent, any such Cash Collateral or Control Collateral held by any such Party shall be held by it subject to the terms and conditions of
Section 3.01. 
 (g) Senior Intervening Creditor. Notwithstanding anything in Section 4.01(d) to the
contrary, solely as among the Senior Priority Secured Parties with respect to any Collateral for 

  
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which a third party (other than a Senior Priority Secured Party) has a Lien or security interest that is junior in priority to the Lien or security interest of any Series of Senior Priority Debt
but senior (as determined by appropriate legal proceedings in the case of any dispute) to the Lien or security interest of any other Series of Senior Priority Debt (such third party an “Senior Intervening Creditor”), the value of
any Collateral or Proceeds that are allocated to such Senior Intervening Creditor shall be deducted on a ratable basis solely from the Collateral or Proceeds thereof to be distributed in respect of the Series of Senior Priority Debt with respect to
which such Impairment exists. 
 (h) Junior Intervening Creditor. Notwithstanding anything in Section 4.01(d) to the
contrary, solely as among the Junior Priority Secured Parties with respect to any Collateral for which a third party (other than a Junior Priority Secured Party) has a Lien or security interest that is junior in priority to the Lien or security
interest of any Series of Junior Priority Debt but senior (as determined by appropriate legal proceedings in the case of any dispute) to the Lien or security interest of any other Series of Junior Priority Debt (such third party an “Junior
Intervening Creditor”), the value of any Collateral or Proceeds that are allocated to such Junior Intervening Creditor shall be deducted on a ratable basis solely from the Collateral or Proceeds thereof to be distributed in respect of the
Series of Junior Priority Debt with respect to which such Impairment exists. 
 Section 4.02 Specific Performance and Other
Relief. Each Agent is hereby authorized to demand specific performance of this Agreement or obtain relief by injunction or other appropriate equitable relief, whether or not any Loan Party shall have complied with any of the provisions of any of
the Credit Documents, at any time when any other Party shall have failed to comply with any of the provisions of this Agreement applicable to it. Each Agent, for and on behalf of itself and the Secured Parties represented thereby, hereby irrevocably
waives any defense based on the adequacy of a remedy at law that might be asserted as a bar to such remedy of specific performance, injunctive relief or other equitable relief. 

ARTICLE V. 
 INTERCREDITOR
ACKNOWLEDGEMENTS AND WAIVERS 
 Section 5.01 Notice of Acceptance and Other Waivers. 

(a) All Senior Priority Obligations at any time made or incurred by any Loan Party shall be deemed to have been made or incurred in reliance
upon this Agreement, and each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby, hereby waives notice of acceptance of, or proof of reliance by any Senior Priority Agent or any Senior Priority
Creditors on, this Agreement, and notice of the existence, increase, renewal, extension, accrual, creation, or nonpayment of all or any part of the Senior Priority Obligations. 

(b) None of the Senior Priority Agents (including any Senior Priority Agent in its capacity as Senior Priority Representative, if applicable),
the Senior Priority Creditors, or any of their respective Affiliates, or any of the respective directors, officers, employees, or agents of any of the foregoing, shall be liable for failure to demand, collect, or realize upon any of the Collateral
or any Proceeds, or for any delay in doing so, or shall be under any obligation to sell 

  
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or otherwise dispose of any Collateral or Proceeds thereof or to take any other action whatsoever with regard to the Collateral or any part or Proceeds thereof, except as specifically provided in
this Agreement. If any Senior Priority Agent or Senior Priority Creditor honors (or fails to honor) a request by any Borrower for an extension of credit pursuant to any Senior Priority Credit Facility or any other Senior Priority Document, whether
or not such Senior Priority Agent or Senior Priority Creditor has knowledge that the honoring of (or failure to honor) any such request would constitute a default under the terms of any Junior Priority Credit Facility or any other Junior Priority
Document (but not a default under this Agreement) or would constitute an act, condition, or event that, with the giving of notice or the passage of time, or both, would constitute such a default, or if any Senior Priority Agent or Senior Priority
Creditor otherwise should exercise any of its contractual rights or remedies under any Senior Priority Documents (subject to the express terms and conditions hereof), no Senior Priority Agent or Senior Priority Creditor shall have any liability
whatsoever to any Junior Priority Agent or Junior Priority Creditor as a result of such action, omission, or exercise, in each case so long as any such exercise does not breach the express terms and provisions of this Agreement. Each Senior Priority
Secured Party shall be entitled to manage and supervise its loans and extensions of credit under the relevant Senior Priority Credit Facility and other Senior Priority Documents as it may, in its sole discretion, deem appropriate, and may manage its
loans and extensions of credit without regard to any rights or interests that the Junior Priority Agents or Junior Priority Creditors have in the Collateral, except as otherwise expressly set forth in this Agreement. Each Junior Priority Agent, on
behalf of itself and the Junior Priority Creditors represented thereby, agrees that no Senior Priority Agent or Senior Priority Creditor shall incur any liability as a result of a sale, lease, license, application, or other disposition of all or any
portion of the Collateral or Proceeds thereof pursuant to the Senior Priority Documents, in each case so long as such disposition is conducted in accordance with mandatory provisions of applicable law and does not breach the provisions of this
Agreement. 
 Section 5.02 Modifications to Senior Priority Documents and Junior Priority Documents. 

(a) Each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby, hereby agrees that, without
affecting the obligations of such Junior Priority Secured Parties hereunder, each Senior Priority Agent and the Senior Priority Creditors represented thereby may, at any time and from time to time, in their sole discretion without the consent of or
notice to any Junior Priority Secured Party (except to the extent such notice or consent is required pursuant to the express provisions of this Agreement), and without incurring any liability to any such Junior Priority Secured Party or impairing or
releasing the subordination provided for herein, amend, restate, supplement, replace, refinance, extend, consolidate, restructure, or otherwise modify any of the Senior Priority Documents in any manner whatsoever, including, to: 

(i) change the manner, place, time, or terms of payment or renew, alter or increase, all or any of the Senior Priority
Obligations or otherwise amend, restate, supplement, or otherwise modify in any manner, or grant any waiver or release with respect to, all or any part of the Senior Priority Obligations or any of the Senior Priority Documents; 

  
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 (ii) retain or obtain a Lien on any Property of any Person to secure any of the
Senior Priority Obligations, and in connection therewith to enter into any additional Senior Priority Documents; 
 (iii)
amend, or grant any waiver, compromise, or release with respect to, or consent to any departure from, any guaranty or other obligations of any Person obligated in any manner under or in respect of the Senior Priority Obligations; 

(iv) release its Lien on any Collateral and/or any Excluded Cash Collateral or other Property; 

(v) exercise or refrain from exercising any rights against any Loan Party or any other Person; 

(vi) retain or obtain the primary or secondary obligation of any other Person with respect to any of the Senior Priority
Obligations; and 
 (vii) otherwise manage and supervise the Senior Priority Obligations as the applicable Senior Priority
Agent shall deem appropriate. 
 (b) Each Senior Priority Agent, for and on behalf of itself and the Senior Priority Creditors represented
thereby, hereby agrees that, without affecting the obligations of such Senior Priority Secured Parties hereunder, each Junior Priority Agent and the Junior Priority Creditors represented thereby may, at any time and from time to time, in their sole
discretion without the consent of or notice to any such Senior Priority Secured Party (except to the extent such notice or consent is required pursuant to the express provisions of this Agreement), and without incurring any liability to any such
Senior Priority Secured Party or impairing or releasing the priority provided for herein, amend, restate, supplement, replace, refinance, extend, consolidate, restructure, or otherwise modify any of the Junior Priority Documents in any manner
whatsoever, including, to: 
 (i) change the manner, place, time, or terms of payment or renew, alter or increase, all or any
of the Junior Priority Obligations or otherwise amend, restate, supplement, or otherwise modify in any manner, or grant any waiver or release with respect to, all or any part of the Junior Priority Obligations or any of the Junior Priority
Documents; 
 (ii) retain or obtain a Lien on any Property of any Person to secure any of the Junior Priority Obligations,
and in connection therewith to enter into any additional Junior Priority Documents; 
 (iii) amend, or grant any waiver,
compromise, or release with respect to, or consent to any departure from, any guaranty or other obligations of any Person obligated in any manner under or in respect of the Junior Priority Obligations; 

(iv) release its Lien on any Collateral or other Property; 

  
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 (v) exercise or refrain from exercising any rights against any Loan Party or any
other Person; 
 (vi) retain or obtain the primary or secondary obligation of any other Person with respect to any of the
Junior Priority Obligations; and 
 (vii) otherwise manage and supervise the Junior Priority Obligations as the Junior
Priority Agent shall deem appropriate. 
 (c) Each Junior Priority Agent, for and on behalf of itself and the Junior Priority Secured
Parties represented thereby, agrees that each Junior Priority Collateral Document shall include the following language (or language to similar effect): 

“Notwithstanding anything herein to the contrary, the lien and security interest granted to [name of Junior Priority Agent] pursuant to
this Agreement and the exercise of any right or remedy by [name of Junior Priority Agent] hereunder are subject to the provisions of the Intercreditor Agreement, dated as of [    ] (as amended, restated, supplemented or otherwise
modified, replaced or refinanced from time to time, the “Intercreditor Agreement”), initially among [    ], as the Original First Lien Agent, and [    ] as [    ]i Second Lien Agent, and certain other persons party or that may become party thereto from time to time. In the event of any conflict between the terms of the Intercreditor Agreement and this
Agreement, the terms of the Intercreditor Agreement shall govern and control.” 
 In addition, each Junior Priority Agent, for and on behalf of itself
and the Junior Priority Secured Parties represented thereby, agrees that each Junior Priority Collateral Document consisting of a mortgage covering any Collateral consisting of real estate shall contain language appropriate to reflect the
subordination of such Junior Priority Collateral Documents to the corresponding Senior Priority Collateral Documents. 
 (d) Except as may
be separately otherwise agreed in writing by and between or among any applicable Senior Priority Agents, in each case on behalf of itself and the Senior Priority Creditors represented thereby, each Senior Priority Agent, for and on behalf of itself
and the Senior Priority Creditors represented thereby, hereby agrees that, without affecting the obligations of such Senior Priority Secured Parties hereunder, any other Senior Priority Agent and any Senior Priority Creditors represented thereby
may, at any time and from time to time, in their sole discretion without the consent of or notice to any such Senior Priority Secured Party (except to the extent such notice or consent is required pursuant to the express provisions of this
Agreement) and without incurring any liability to any such Senior Priority Secured Party, amend, restate, supplement, replace, refinance, extend, consolidate, restructure, or otherwise modify any of the Senior Priority Documents to which such other
Senior Priority Agent or any Senior Priority Creditor represented thereby is party or beneficiary in any manner whatsoever, including, to: 

(i) change the manner, place, time, or terms of payment or renew, alter or increase, all or any of the Senior Priority
Obligations or otherwise amend, restate, supplement, or otherwise modify in any manner, or grant any waiver or release with respect to, all or any part of the Senior Priority Obligations or any of the Senior Priority Documents; 

  
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 (ii) retain or obtain a Lien on any Property of any Person to secure any of the
Senior Priority Obligations, and in connection therewith to enter into any Senior Priority Documents; 
 (iii) amend, or
grant any waiver, compromise, or release with respect to, or consent to any departure from, any guaranty or other obligations of any Person obligated in any manner under or in respect of the Senior Priority Obligations; 

(iv) release its Lien on any Collateral and/or any Excluded Cash Collateral or other Property; 

(v) exercise or refrain from exercising any rights against any Loan Party or any other Person; 

(vi) retain or obtain the primary or secondary obligation of any other Person with respect to any of the Senior Priority
Obligations; and 
 (vii) otherwise manage and supervise the Senior Priority Obligations as such other Senior Priority Agent
shall deem appropriate. 
 (e) Except, in each case, as may be separately otherwise agreed in writing by and between or among any applicable
Junior Priority Agents, in each case on behalf of itself and the Junior Priority Creditors represented thereby, each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby, hereby agrees that,
without affecting the obligations of such Junior Priority Secured Parties hereunder, any other Junior Priority Agent and any Junior Priority Creditors represented thereby may, at any time and from time to time, in their sole discretion without the
consent of or notice to any such Junior Priority Secured Party (except to the extent such notice or consent is required pursuant to the express provisions of this Agreement), and without incurring any liability to any such Junior Priority Secured
Party, amend, restate, supplement, replace, refinance, extend, consolidate, restructure, or otherwise modify any of the Junior Priority Documents to which such other Junior Priority Agent or any Junior Priority Creditor represented thereby is party
or beneficiary in any manner whatsoever, including, to: 
 (i) change the manner, place, time, or terms of payment or renew,
alter or increase, all or any of the Junior Priority Obligations or otherwise amend, restate, supplement, or otherwise modify in any manner, or grant any waiver or release with respect to, all or any part of the Junior Priority Obligations or any of
the Junior Priority Documents; 

  
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 (ii) retain or obtain a Lien on any Property of any Person to secure any of the
Junior Priority Obligations, and in connection therewith to enter into any Junior Priority Documents; 
 (iii) amend, or
grant any waiver, compromise, or release with respect to, or consent to any departure from, any guaranty or other obligations of any Person obligated in any manner under or in respect of the Junior Priority Obligations; 

(iv) release its Lien on any Collateral or other Property; 

(v) exercise or refrain from exercising any rights against any Loan Party or any other Person; 

(vi) retain or obtain the primary or secondary obligation of any other Person with respect to any of the Junior Priority
Obligations; and 
 (vii) otherwise manage and supervise the Junior Priority Obligations as such other Junior Priority Agent
shall deem appropriate. 
 (f) The Senior Priority Obligations and the Junior Priority Obligations may be refunded, replaced or refinanced,
in whole or in part, in each case, without notice to, or the consent (except to the extent a consent is required to permit the refunding, replacement or refinancing transaction under any Senior Priority Document or any Junior Priority Document) of
any Senior Priority Agent, Senior Priority Creditors, Junior Priority Agent or Junior Priority Creditors, as the case may be, all without affecting the Lien Priorities provided for herein or the other provisions hereof; provided,
however, that, if the indebtedness refunding, replacing or refinancing any such Senior Priority Obligations or Junior Priority Obligations is to constitute Senior Priority Obligations or Junior Priority Obligations hereunder (as designated by
the Company), as the case may be, the holders of such indebtedness (or an authorized agent or trustee on their behalf) bind themselves in writing to the terms of this Agreement pursuant to a joinder substantially in the form of Exhibit C
hereto or otherwise in form and substance reasonably satisfactory to the Senior Priority Agents (other than any Designated Agent) and Junior Priority Agents (other than any Designated Agent) (or, if there is no continuing Agent other than Designated
Agent, as designated by the Company), and any such refunding, replacement or refinancing transaction shall be in accordance with any applicable provisions of the Senior Priority Documents and the Junior Priority Documents. For the avoidance of
doubt, the Senior Priority Obligations and Junior Priority Obligations may be refunded, replaced or refinanced, in whole or in part, in each case, without notice to, or the consent (except to the extent a consent is required to permit the refunding,
replacement or refinancing transaction under any Senior Priority Document or any Junior Priority Document) of any Senior Priority Agent, Senior Priority Creditors, Junior Priority Agent or Junior Priority Creditors, as the case may be, through the
incurrence of Additional Indebtedness, subject to Section 7.11 hereof. 
 Section 5.03 Reinstatement and
Continuation of Agreement. If any Senior Priority Agent or Senior Priority Creditor is required in any Insolvency Proceeding or otherwise to turn over or otherwise pay to the estate of any Loan Party or any other Person any payment made in
satisfaction of all or any portion of the Senior Priority Obligations (a “Senior Priority 

  
 47 

 
Recovery”), then the relevant Senior Priority Obligations shall be reinstated to the extent of such Senior Priority Recovery. In the event that (a) this Agreement shall have been
terminated prior to such Senior Priority Recovery and (b) there exist any Junior Priority Obligations at the time of such Senior Priority Recovery, then this Agreement shall be reinstated in full force and effect in the event of such Senior
Priority Recovery, and such prior termination shall not diminish, release, discharge, impair, or otherwise affect the obligations of the Parties from such date of reinstatement. All rights, interests, agreements, and obligations of each Agent, each
Senior Priority Creditor, and each Junior Priority Creditor under this Agreement shall remain in full force and effect and shall continue irrespective of the commencement of, or any discharge, confirmation, conversion, or dismissal of, any
Insolvency Proceeding by or against any Loan Party or any other circumstance which otherwise might constitute a defense available to, or a discharge of, any Loan Party in respect of the Senior Priority Obligations or the Junior Priority Obligations.
No priority or right of any Senior Priority Agent or any Senior Priority Creditor shall at any time be prejudiced or impaired in any way by any act or failure to act on the part of any Borrower or any Guarantor or by the noncompliance by any Person
with the terms, provisions, or covenants of any of the Senior Priority Documents, regardless of any knowledge thereof which any Senior Priority Agent or any Senior Priority Creditor may have. 

Section 5.04 Excluded Cash Collateral. Notwithstanding any other provision to the contrary contained in this Agreement, it is
understood and agreed that this Agreement shall not restrict the rights of the Original First Lien Agent or the other Original First Lien Secured Parties to pursue enforcement proceedings, exercise remedies or make determinations with respect to the
Excluded Cash Collateral or otherwise take actions with respect to the Excluded Cash Collateral in accordance with the Original First Lien Credit Agreement and such Excluded Cash Collateral shall be applied as specified in the Original First Lien
Credit Agreement and will not constitute Collateral hereunder. Nothing in this Agreement shall be construed to impair the right of any Original First Lien Secured Party to recoup, set off, net or off-set
amounts (including amounts delivered as margin or cash collateral) to satisfy such Original First Lien Obligations secured by Excluded Cash Collateral to the extent permitted under the Original First Lien Credit Agreement, or exercise its rights and
remedies with respect to any Excluded Cash Collateral pledged for its sole benefit or as a beneficiary under and pursuant to any other credit support issued solely in its favor, each of which will be governed by the terms of the Original First Lien
Credit Agreement. 
 ARTICLE VI. 

INSOLVENCY PROCEEDINGS 

Section 6.01 DIP Financing. 

(a) If any Borrower or any Guarantor shall be subject to any Insolvency Proceeding in the United States at any time prior to the Discharge of
Senior Priority Obligations, and the Senior Priority Representative shall agree on behalf of the Senior Priority Creditors to allow all one or more Senior Priority Creditors to provide any Borrower or any Guarantor with, or the Senior Priority
Representative shall consent to a third party providing, any financing under Section 364 of the Bankruptcy Code or consent to any order for the use of cash collateral under Section 363 of the Bankruptcy Code (“DIP
Financing”), with such DIP Financing to be secured by all or any portion of the Collateral (including assets that, but for the application of Section 552 

  
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of the Bankruptcy Code would be Collateral) and/or entitled to a superpriority claim under Section 364 or 507 of the Bankruptcy Code, then any Junior Priority Agent, each on behalf of itself
and any Junior Priority Secured Parties represented thereby, agrees that it will raise no objection and will not directly or indirectly support any objection to such DIP Financing or to Liens securing the same or the superpriority claim to which
such DIP Financing is entitled on the grounds of a failure to provide “adequate protection” for the Liens of any Junior Priority Agent securing the Junior Priority Obligations or on any other grounds (and will not request any adequate
protection solely as a result of such DIP Financing) so long as (i) such Junior Priority Agent retains its Lien on the Collateral to secure the relevant Junior Priority Obligations (in each case, including Proceeds thereof arising after the
commencement of the case under the Bankruptcy Code) and such Lien has the same priority relative to the Senior Priority Liens as existed prior to the commencement of the case under the Bankruptcy Code and (ii) if the Senior Priority Agent
receives an adequate protection Lien on assets of such Borrower or Guarantor to secure the Senior Priority Obligations, as the case may be, each Junior Priority Agent also receives an adequate protection Lien on such assets of such Borrower or
Guarantor to secure the relevant Junior Priority Obligations, provided that (x) such Liens in favor of the Senior Priority Agent and the Junior Priority Agent shall be subject to the provisions of Section 6.01(b) hereof and
(y) the foregoing provisions of this Section 6.01(a) shall not prevent any Junior Priority Agent and the Junior Priority Secured Parties from objecting to any provision in any DIP Financing relating to any provision or content of a Plan
of Reorganization that is not a Conforming Plan Reorganization. 
 (b) All Liens granted to any Senior Priority Agent or Junior Priority
Agent in any Insolvency Proceeding, whether as adequate protection or otherwise, are intended by the Parties to be and shall be deemed to be subject to the Lien Priority and the other terms and conditions of this Agreement; provided, however,
that the foregoing shall not alter any super-priority of any Liens securing any DIP Financing in accordance with this Section 6.01. 

Section 6.02 Relief from Stay. Until the Discharge of Senior Priority Obligations, each Junior Priority Agent, for and on behalf
of itself and the Junior Priority Creditors represented thereby, agrees not to seek relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of any portion of the Collateral without each Senior Priority Agent’s
express written consent. 
 Section 6.03 No Contest. Each Junior Priority Agent, for and on behalf of itself and the Junior
Priority Creditors represented thereby, agrees that, prior to the Discharge of Senior Priority Obligations, none of them shall contest (or directly or indirectly support any other Person contesting) (i) any request by any Senior Priority Agent
or Senior Priority Creditor for adequate protection of its interest in the Collateral (unless in contravention of Section 6.01 hereof), or (ii) any objection by any Senior Priority Agent or Senior Priority Creditor to any motion,
relief, action or proceeding based on a claim by such Senior Priority Agent or Senior Priority Creditor that its interests in the Collateral (unless in contravention of Section 6.01 hereof) are not adequately protected (or any other
similar request under any law applicable to an Insolvency Proceeding), so long as any Liens granted to such Senior Priority Agent as adequate protection of its interests are subject to this Agreement. Except as may be separately otherwise agreed in
writing by and between or among any applicable Senior Priority Agents, in each case on behalf of itself and any Senior Priority Creditors represented thereby, any Senior Priority 

  
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Agent, for and on behalf of itself and any Senior Priority Creditors represented thereby, agrees that, prior to the applicable Discharge of Senior Priority Obligations, none of them shall
directly or indirectly contest (or support any other Person contesting) (a) any request by any other Senior Priority Agent or any Senior Priority Creditor represented by such other Senior Priority Agent for adequate protection of its interest
in the Collateral (unless in contravention of Section 6.01 hereof), or (b) any objection by such other Senior Priority Agent or any Senior Priority Creditor to any motion, relief, action, or proceeding based on a claim by such other
Senior Priority Agent or any Senior Priority Creditor represented by such other Senior Priority Agent that its interests in the Collateral (unless in contravention of Section 6.01 hereof) are not adequately protected (or any other
similar request under any law applicable to an Insolvency Proceeding), so long as any Liens granted to such other Senior Priority Agent as adequate protection of its interests are subject to this Agreement. Except as may be separately otherwise
agreed in writing by and between or among any applicable Junior Priority Agents, in each case on behalf of itself and any Junior Priority Creditors represented thereby, any Junior Priority Agent, for and on behalf of itself and any Junior Priority
Creditors represented thereby, agrees that, prior to the applicable Discharge of Junior Priority Obligations, none of them shall directly or indirectly contest (or support any other Person contesting) (a) any request by any other Junior
Priority Agent or any Junior Priority Creditor represented by such other Junior Priority Agent for adequate protection of its interest in the Collateral (unless in contravention of Section 6.01 hereof), or (b) any objection by such
other Junior Priority Agent or any Junior Priority Creditor to any motion, relief, action, or proceeding based on a claim by such other Junior Priority Agent or any Junior Priority Creditor represented by such other Junior Priority Agent that its
interests in the Collateral (unless in contravention of Section 6.01 hereof) are not adequately protected (or any other similar request under any law applicable to an Insolvency Proceeding), so long as any Liens granted to such other
Junior Priority Agent as adequate protection of its interests are subject to this Agreement. 
 Section 6.04 Asset Sales. Each
Junior Priority Agent agrees, for and on behalf of itself and the Junior Priority Creditors represented thereby, that it will not oppose any sale consented to by the Senior Priority Representative of any Collateral pursuant to Section 363(f) of the
Bankruptcy Code (or any similar provision under the law applicable to any Insolvency Proceeding) so long as the Liens granted to the Junior Priority Agents attach to the proceeds of such sale with the same priority and validity as such Liens or such
Collateral and the proceeds of such sale are applied in accordance with this Agreement. Nothing in this Section 6.04 shall prevent any Junior Priority Creditors or the Junior Priority Agent on their behalf from (x) presenting a cash
bid for any assets of any Loan Party, or purchasing such assets for cash at any sale hearing under Section 363 of the Bankruptcy Code or at any public or judicial foreclosure sale or (y) making a credit bid for any assets of any Loan Party
pursuant to Section 363(k) of the Bankruptcy Code (provided that such credit bid may only be made if either the Discharge of Senior Priority Obligations has occurred or will occur concurrently as a result of a cash bid for such assets in
addition to such credit bid or the Senior Priority Agent approves such credit bid). 
 Section 6.05 Separate Grants of Security and
Separate Classification. Each Secured Party acknowledges and agrees that (i) the grants of Liens pursuant to the Senior Priority Collateral Documents and the Junior Priority Collateral Documents constitute separate and distinct grants of
Liens and (ii) the Senior Priority Obligations are fundamentally different from the Junior Priority Obligations and must be separately classified in any Plan of Reorganization 

  
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proposed or adopted in an Insolvency Proceeding because of, among other things, their differing rights in the Collateral. To further effectuate the intent of the parties as provided in the
immediately preceding sentence, if it is held that the claims of the Senior Priority Secured Parties, on the one hand, and the Junior Priority Secured Parties, on the other hand, in respect of the Collateral constitute only one secured claim (rather
than separate classes of senior and junior secured claims) or are classified in the same class of secured claims in any Plan of Reorganization, then the Secured Parties hereby acknowledge and agree that all distributions with respect to the
Collateral shall be made as if there were separate classes of Senior Priority Obligation claims and Junior Priority Obligation claims against the Loan Parties, with the effect being that, to the extent that the aggregate value of the Collateral is
sufficient (for this purpose ignoring all claims held by the Junior Priority Secured Parties), the Senior Priority Secured Parties shall be entitled to receive, in addition to amounts distributed to them in respect of principal, prepetition interest
and other claims, all amounts owing in respect of postpetition interest that is available from the Collateral for each of the Senior Priority Secured Parties, before any distribution is made in respect of the claims held by the Junior Priority
Secured Parties, with the Junior Priority Secured Parties hereby acknowledging and agreeing to turn over to the Senior Priority Secured Parties amounts otherwise received or receivable by them to the extent necessary to effectuate the intent of this
sentence, even if such turnover has the effect of reducing their aggregate recoveries. The foregoing sentence is subject to any separate agreement by and between any Additional Agent, on behalf of itself and the Additional Credit Facility Secured
Parties represented thereby, and any other Additional Agent, on behalf of itself and the Additional Credit Facility Secured Parties represented thereby, with respect to the Obligations owing to any such Additional Agent and Additional Credit
Facility Secured Parties. 
 Section 6.06 Enforceability. The provisions of this Agreement are intended to be and shall
be enforceable as a “subordination agreement” under Section 510(a) of the Bankruptcy Code. 
 Section 6.07 Senior Priority
Obligations Unconditional. All rights of the Senior Priority Agents hereunder, and all agreements and obligations of the Junior Priority Agents and the Loan Parties (to the extent applicable) hereunder, shall remain in full force and effect
irrespective of: 
 (i) any lack of validity or enforceability of any Senior Priority Document; 

(ii) any change in the time, place or manner of payment of, or in any other term of, all or any portion of the Senior Priority
Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Senior Priority Document; 

(iii) any exchange, release, voiding, avoidance or non-perfection of any security
interest in any Collateral or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, restatement or increase of all or any portion of the
Senior Priority Obligations or any guarantee or guaranty thereof; 

  
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 (iv) the commencement of any Insolvency Proceeding in respect of any Borrower or
any other Loan Party; or 
 (v) any other circumstances that otherwise might constitute a defense available to, or a
discharge of, any Loan Party in respect of the Senior Priority Obligations, or of any of the Junior Priority Agent or any Loan Party, to the extent applicable, in respect of this Agreement. 

Section 6.08 Junior Priority Obligations Unconditional. All rights of the Junior Priority Agents hereunder, and all agreements and
obligations of the Senior Priority Agents and the Loan Parties (to the extent applicable) hereunder, shall remain in full force and effect irrespective of: 

(i) any lack of validity or enforceability of any Junior Priority Document; 

(ii) any change in the time, place or manner of payment of, or in any other term of, all or any portion of the Junior Priority
Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Junior Priority Document; 

(iii) any exchange, release, voiding, avoidance or non perfection of any security interest in any Collateral, or any other
collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, restatement or increase of all or any portion of the Junior Priority Obligations or any
guarantee or guaranty thereof; 
 (iv) the commencement of any Insolvency Proceeding in respect of any Borrower or any other
Loan Party; or 
 (v) any other circumstances that otherwise might constitute a defense available to, or a discharge of, any
Loan Party in respect of the Junior Priority Obligations, or of any of the Senior Priority Agent or any Loan Party, to the extent applicable, in respect of this Agreement. 

Section 6.09 Adequate Protection. 

(a) Except as expressly provided in this Agreement (including Section 6.01 and this
Section 6.09), nothing in this Agreement shall limit the rights of any Agent and the Secured Parties represented thereby from seeking or requesting adequate protection with respect to their interests in the applicable
Collateral in any Insolvency Proceeding, including adequate protection in the form of payments, periodic cash payments, cash payments of interest, additional collateral or otherwise; provided that (a) in the event that any Junior
Priority Agent, on behalf of itself or any of the Junior Priority Creditors represented thereby, seeks or requests adequate protection in respect of the relevant Junior Priority Obligations and such adequate protection is granted in the form of a
Lien on additional collateral, then each Junior Priority Agent, on behalf of itself and the Junior Priority Creditors represented thereby, agrees that (i) each Senior Priority Agent shall also be granted a senior Lien on such collateral as
security for the Senior Priority Obligations owing to such Senior Priority Agent and the Senior Priority Secured Parties represented thereby, and that any Lien on such collateral securing the Junior Priority Obligations shall be junior to

  
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any Lien on such collateral securing the Senior Priority Obligations and (ii) each other Junior Priority Agent shall also be granted a pari passu Lien on such collateral as security for the
Junior Priority Obligations owing to such other Junior Priority Agent and the Junior Priority Secured Parties represented thereby, and that any such Lien on such collateral securing such Junior Priority Obligations shall be pari passu to each such
other Lien on such collateral securing such other Junior Priority Obligations (except as may be separately otherwise agreed in writing by and between or among any applicable Junior Priority Agents, in each case on behalf of itself and the Junior
Priority Secured Parties represented thereby), and (b) in the event that any Senior Priority Agent, for or on behalf of itself or any Senior Priority Creditor represented thereby, seeks or requests adequate protection in respect of the Senior
Priority Obligations and such adequate protection is granted in the form of a Lien on additional collateral, then such Senior Priority Agent, for and on behalf of itself and the Senior Priority Creditors represented thereby, agrees that
(i) each other Senior Priority Agent shall also be granted a pari passu Lien on such collateral as security for the Senior Priority Obligations owing to such other Senior Priority Agent and the Senior Priority Secured Parties represented
thereby, and that any such Lien on such collateral securing such Senior Priority Obligations shall be pari passu to each such other Lien on such collateral securing such other Senior Priority Obligations (except as may be separately otherwise agreed
in writing by and between or among any applicable Senior Priority Agents, in each case on behalf of itself and the Senior Priority Secured Parties represented thereby) and (ii) each Junior Priority Agent shall also be granted a junior Lien on
such collateral as security for the Junior Priority Obligations owing to such other Junior Priority Agent and the Junior Priority Secured Parties represented thereby, and that any such Lien on such collateral securing such Junior Priority
Obligations shall be junior to each Lien on such collateral securing Senior Priority Obligations. 
 (b) Any claim by any Junior Priority
Secured Party under Section 507(b) of the Bankruptcy Code will be subordinate in right of payment to any claim of any Senior Priority Secured Party under Section 507(b) of the Bankruptcy Code and any payment thereof will be deemed to be Proceeds of
Collateral, provided that, any such Junior Priority Secured Party will be deemed to have agreed pursuant to Section 1129(a)(9) of the Bankruptcy Code that such Section 507(b) claims may be paid under a Plan of Reorganization in any form
having a value on the effective date of such Plan of Reorganization equal to the allowed amount of such claims. 
 Section 6.10
Certain Waivers. 
 (a) Each Junior Priority Agent, for itself and on behalf of the Junior Priority Creditors represented thereby,
waives any claim any Junior Priority Creditor may hereafter have against any Senior Priority Creditor arising out of the election by any Senior Priority Creditor of the application of Section 1111(b)(2) of the Bankruptcy Code, or any comparable
provision of any other Bankruptcy Law. 
 (b) Each Junior Priority Agent, on behalf of itself and the Junior Priority Creditors represented
thereby, agrees that none of them shall (i) object, contest, or directly or indirectly support any other Person objecting to or contesting, any request by any Senior Priority Agent or any of the other Senior Priority Creditors for the payment
of interest, fees, expenses or other amounts to such Senior Priority Agent or any other Senior Priority Creditor under Section 506(b) of the Bankruptcy Code or otherwise, or (ii) assert or directly or indirectly support any claim

  
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against any Senior Priority Creditor for costs or expenses of preserving or disposing of any Collateral under Section 506(c) of the Bankruptcy Code or any similar provision of any other
Bankruptcy Law. 
 (c) No Senior Priority Agent nor any other holder of Senior Priority Obligations shall object to, oppose, or challenge
any claim by the Junior Priority Agent or any holder of Junior Priority Obligations for allowance in any Insolvency Proceeding of Junior Priority Obligations consisting of post-petition interest, default interest, premiums, fees, or expenses. 

ARTICLE VII. 
 MISCELLANEOUS 

Section 7.01 Rights of Subrogation. Each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors
represented thereby, agrees that no payment by such Junior Priority Agent or any such Junior Priority Creditor to any Senior Priority Agent or Senior Priority Creditor pursuant to the provisions of this Agreement shall entitle such Junior Priority
Agent or Junior Priority Creditor to exercise any rights of subrogation in respect thereof until the Discharge of Senior Priority Obligations. Following the Discharge of Senior Priority Obligations with respect to the Senior Priority Obligations,
each Senior Priority Agent agrees to execute such documents, agreements, and instruments as any Junior Priority Agent or Junior Priority Creditor may reasonably request to evidence the transfer by subrogation to any such Person of an interest in the
Senior Priority Obligations resulting from payments to such Senior Priority Agent by such Person, so long as all costs and expenses (including all reasonable legal fees and disbursements) incurred in connection therewith by such Senior Priority
Agent are paid by such Person upon request for payment thereof. 
 Section 7.02 Further Assurances. The Parties will, at their
own expense and at any time and from time to time, promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary or desirable, or that any Party may reasonably request, in order to protect any
right or interest granted or purported to be granted hereby or to enable such Party to exercise and enforce its rights and remedies hereunder; provided, however, that no Party shall be required to pay over any payment or distribution,
execute any instruments or documents, or take any other action referred to in this Section 7.02, to the extent that such action would contravene any law, order or other legal requirement or any of the terms or provisions of this
Agreement, and in the event of a controversy or dispute, such Party may interplead any payment or distribution in any court of competent jurisdiction, without further responsibility in respect of such payment or distribution under this
Section 7.02. 
 Section 7.03 Agent Representations. The Original First Lien Agent represents and warrants to each
other Agent that it has the requisite power and authority under the Original First Lien Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of itself and the Original First Lien Secured Parties. The
[    ]i [First/Second]ii Lien Agent represents and warrants to each other Agent that it has the requisite power and
authority under the [    ]i [First/Second]ii Lien Documents to enter into, execute, deliver, and carry out the terms of
this Agreement on behalf of itself and the [    ]i [First/Second]ii Lien Creditors. Each Additional Agent represents and
warrants to each other Agent that it has the requisite power and 

  
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authority under the applicable Additional Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of itself and any Additional Credit Facility Secured
Parties represented thereby. 
 Section 7.04 Amendments. 

(a) No amendment, modification or waiver of any provision of this Agreement, and no consent to any departure by any Party hereto, shall be
effective unless it is in a written agreement executed by each Senior Priority Agent and each Junior Priority Agent. Notwithstanding the foregoing, the Original First Lien Borrower may, without the consent of any Party hereto, amend this Agreement
to add an Additional Agent by (x) executing an Additional Indebtedness Joinder as provided in Section 7.11 or (y) executing a joinder agreement substantially in the form of Exhibit C attached hereto. No amendment,
modification or waiver of any provision of this Agreement, and no consent to any departure therefrom by any Party hereto, that changes, alters, modifies or otherwise affects any power, privilege, right, remedy, liability or obligation of, or
otherwise affects in any manner, any Additional Agent that is not then a Party, or any Additional Credit Facility Secured Party not then represented by an Additional Agent that is then a Party (including but not limited to any change, alteration,
modification or other effect upon any power, privilege, right, remedy, liability or obligation of or other effect upon any such Additional Agent or Additional Credit Facility Secured Party that may at any subsequent time become a Party or
beneficiary hereof) shall be effective unless it is consented to in writing by the Original First Lien Borrower (regardless of whether any such Additional Agent or Additional Credit Facility Secured Party ever becomes a Party or beneficiary hereof).
Any amendment, modification or waiver of any provision of this Agreement that would have the effect, directly or indirectly, through any reference in any Credit Document to this Agreement or otherwise, of waiving, amending, supplementing or
otherwise modifying any Credit Document, or any term or provision thereof, or any right or obligation of the Original First Lien Borrower or any other Loan Party thereunder or in respect thereof, shall not be given such effect except pursuant to a
written instrument executed by the Original First Lien Borrower and each other affected Loan Party. No amendment to Section 5.02(a) or (b) shall be effective unless it is consented to in writing by the Original First Lien
Borrower. 
 (b) In the event that any Senior Priority Agent or the requisite Senior Priority Creditors enter into any amendment, waiver or
consent in respect of or replace any Senior Priority Collateral Document for the purpose of adding to, or deleting from, or waiving or consenting to any departures from any provisions of, any Senior Priority Collateral Document relating to the
Collateral and/or any Excluded Cash Collateral or changing in any manner the rights of the Senior Priority Agent, the Senior Priority Creditors, or any Loan Party with respect to the Collateral and/or any Excluded Cash Collateral (including, subject
to Section 2.04(b), the release of any Liens on Collateral), then such amendment, waiver or consent shall apply automatically to any comparable provision of each Junior Priority Collateral Document without the consent of or any actions by any
Junior Priority Agent or any Junior Priority Creditors; provided, that such amendment, waiver or consent does not materially adversely affect the rights or interests of the Junior Priority Creditors in the Collateral (including any license or
right of use granted to them by any Loan Party pursuant to any Junior Priority Collateral Document with respect to intellectual property owned by such Loan Party as it pertains to the rights or interests of the Junior Priority Creditors in the
Collateral). The applicable Senior Priority Agent shall give 

  
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written notice of such amendment, waiver or consent to the Junior Priority Agents and, if requested by any Junior Priority Agent, promptly provide copies of any documents executed and delivered
in connection with such amendment, waiver or consent; provided that the failure to give such notice or provide such documents shall not affect the effectiveness of such amendment, waiver or consent with respect to the provisions of any Junior
Priority Collateral Document as set forth in this Section 7.04(b). 
 Section 7.05 Addresses for Notices. Unless
otherwise specifically provided herein, any notice or other communication herein required or permitted to be given shall be in writing and may be personally served, faxed, or sent by overnight express courier service or United States mail and shall
be deemed to have been given when delivered in person or by courier service, upon receipt of a facsimile or five days after deposit in the United States mail (certified, with postage prepaid and properly addressed). For the purposes hereof, the
addresses of the parties hereto (until notice of a change thereof is delivered as provided in this Section) shall be as set forth below or, as to each party, at such other address as may be designated by such party in a written notice to all of the
other parties. 
 Original First Lien Agent: 

[    ] 
 and

 [    ] 

With copies (which shall not constitute notice) to: 

[    ] 

[    ]i [First/Second]ii Lien Agent: 
 [    ] 

and 
 [    ]

 With copies (which shall not constitute notice) to: 

[    ] 
 Any
Additional Agent: As set forth in the Additional Indebtedness Joinder executed and delivered by such Additional Agent pursuant to Section 7.11. 

Section 7.06 No Waiver, Cumulative Remedies. No failure on the part of any Party to exercise, and no delay in exercising, any
right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other
right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

  
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 Section 7.07 Continuing Agreement, Transfer of Secured Obligations. This Agreement is
a continuing agreement and shall (a) remain in full force and effect (x) with respect to all Senior Priority Secured Parties and Senior Priority Obligations, until the Discharge of Senior Priority Obligations, subject to
Section 5.03 and (y) with respect to all Junior Priority Secured Parties and Junior Priority Obligations, until the later of the Discharge of Senior Priority Obligations and the Discharge of Junior Priority Obligations, (b) be
binding upon the Parties and their successors and assigns, and (c) inure to the benefit of and be enforceable by the Parties and their respective successors, transferees and assigns. Nothing herein is intended, or shall be construed to give,
any other Person any right, remedy or claim under, to or in respect of this Agreement or any Collateral, subject to Section 7.10. All references to any Loan Party shall include any Loan Party as debtor-in-possession and any receiver or trustee for such Loan Party in any Insolvency Proceeding. Without limiting the generality of the foregoing clause (c), any Senior Priority Agent, Senior Priority
Creditor, Junior Priority Agent or Junior Priority Creditor may assign or otherwise transfer all or any portion of the Senior Priority Obligations or the Junior Priority Obligations, as applicable, to any other Person, and such other Person shall
thereupon become vested with all the rights and obligations in respect thereof granted to such Senior Priority Agent, Junior Priority Agent, Senior Priority Creditor or Junior Priority Creditor, as the case may be, herein or otherwise. The Senior
Priority Secured Parties and the Junior Priority Secured Parties may continue, at any time and without notice to the other Parties hereto, to extend credit and other financial accommodations, lend monies and provide Indebtedness to, or for the
benefit of, any Loan Party on the faith hereof. 
 Section 7.08 GOVERNING LAW. THIS AGREEMENT AND ANY CLAIMS, CONTROVERSY,
DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

Section 7.09 Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of
separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile transmission shall be effective as delivery of a
manually executed counterpart hereof. 
 Section 7.10 No Third-Party Beneficiaries. This Agreement and the rights and benefits
hereof shall inure to the benefit of each of the Parties hereto and its respective successors and assigns and shall inure to the benefit of each of the Senior Priority Agents, the Senior Priority Creditors, the Junior Priority Agents, the Junior
Priority Creditors and the Original First Lien Borrower and the other Loan Parties. No other Person shall have or be entitled to assert rights or benefits hereunder. 

  
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 Section 7.11 Designation of Additional Indebtedness; Joinder of Additional Agents.

 (a) The Original First Lien Borrower may designate any Additional Indebtedness complying with the requirements of the definition of
“Additional Indebtedness” as Additional Indebtedness for purposes of this Agreement, upon complying with the following conditions: 

(i) one or more Additional Agents for one or more Additional Credit Facility Secured Parties in respect of such Additional
Indebtedness shall have executed the Additional Indebtedness Joinder with respect to such Additional Indebtedness, and the Original First Lien Borrower or any such Additional Agent shall have delivered such executed Additional Indebtedness Joinder
to the Original First Lien Agent, the [    ]i [First/Second]ii Lien Agent and any other Additional Agent then party to this
Agreement; 
 (ii) at least five Business Days (unless a shorter period is agreed in writing by the Parties and the Original
First Lien Borrower) prior to delivery of the Additional Indebtedness Joinder, the Original First Lien Borrower shall have delivered to the Original First Lien Agent, the
[    ]i [First/Second]ii Lien Agent and any other Additional Agent then party to this Agreement complete and correct copies
of any Additional Credit Facility, Additional Guarantees and Additional Collateral Documents that will govern such Additional Indebtedness upon giving effect to such designation (which may be unexecuted copies of Additional Documents to be executed
and delivered concurrently with the effectiveness of such designation); 
 (iii) the Original First Lien Borrower shall have
executed and delivered to the Original First Lien Agent, the [    ]i [First/Second]ii Lien Agent and any other Additional
Agent then party to this Agreement the Additional Indebtedness Designation (including whether such Additional Indebtedness is designated Senior Priority Debt or Junior Priority Debt) with respect to such Additional Indebtedness; 

(iv) all state and local stamp, recording, filing, intangible and similar taxes or fees (if any) that are payable in connection
with the inclusion of such Additional Indebtedness under this Agreement shall have been paid and reasonable evidence thereof shall have been given to the Original First Lien Agent, the [    ]i [First/Second]ii Lien Agent and any other Additional Agent then party to this Agreement; and 

(v) any applicable requirement that no Event of Default exists or arises from the issuance of such Additional Indebtedness, or
any applicable comparable requirement, shall have been satisfied or waived. 
 No Additional Indebtedness may be designated both Senior Priority Debt and
Junior Priority Debt. 
 (b) Upon satisfaction of the conditions specified in the preceding Section 7.11(a), the designated
Additional Indebtedness shall constitute “Additional Indebtedness”, any Additional Credit Facility under which such Additional Indebtedness is or may be incurred shall constitute an “Additional Credit
Facility”, any holder of such Additional Indebtedness or other applicable Additional Credit Facility Secured Party shall constitute an “Additional Credit Facility Secured Party”, and any Additional Agent for any such
Additional Credit Facility Secured Party shall constitute an “Additional Agent” for all purposes under this Agreement. The date on which such 

  
 58 

 
conditions specified in clause (a) shall have been satisfied with respect to any Additional Indebtedness is herein called the “Additional Effective Date” with respect to
such Additional Indebtedness. Prior to the Additional Effective Date with respect to any Additional Indebtedness, all references herein to Additional Indebtedness shall be deemed not to take into account such Additional Indebtedness, and the rights
and obligations of the Original First Lien Agent, the [    ]i [First/Second]ii Lien Agent and each other Additional Agent
then party to this Agreement shall be determined on the basis that such Additional Indebtedness is not then designated. On and after the Additional Effective Date with respect to such Additional Indebtedness, all references herein to Additional
Indebtedness shall be deemed to take into account such Additional Indebtedness, and the rights and obligations of the Original First Lien Agent, the [    ]i [First/Second]ii Lien Agent and each other Additional Agent then party to this Agreement shall be determined on the basis that such Additional Indebtedness is then designated. 

(c) In connection with any designation of Additional Indebtedness pursuant to this Section 7.11, each of the
Original First Lien Agent, the [    ]i [First/Second]ii Lien Agent and each Additional Agent then party hereto agrees at
the Original First Lien Borrower’s expense (x) to execute and deliver any amendments, amendments and restatements, restatements or waivers of or supplements to or other modifications to, any Original First Lien Collateral Documents,
[    ]i [First/Second]ii Lien Priority Collateral Documents or Additional Collateral Documents, as applicable, and any
agreements relating to any security interest in Control Collateral and Cash Collateral, and to make or consent to any filings or take any other actions (including executing and recording any mortgage subordination or similar agreement), as may be
reasonably deemed by the Original First Lien Borrower to be necessary or reasonably desirable for any Lien on any Collateral to secure such Additional Indebtedness to become a valid and perfected Lien (with the priority contemplated by the
applicable Additional Indebtedness Designation delivered pursuant to this Section 7.11 and by this Agreement), and (y) otherwise to reasonably cooperate to effectuate a designation of Additional Indebtedness pursuant
to this Section 7.11 (including if requested, by executing an acknowledgment of any Additional Indebtedness Joinder or of the occurrence of any Additional Effective Date). 

Section 7.12 Senior Priority Representative; Notice of Senior Priority Representative Change. The Senior Priority Representative
shall act for the Senior Priority Secured Parties as provided in this Agreement, and shall be entitled to so act at the direction of the Requisite Senior Priority Holders from time to time. Until a Party (other than the existing Senior Priority
Representative) receives written notice from the existing Senior Priority Representative, in accordance with Section 7.05 of this Agreement, of a change in the identity of the Senior Priority Representative, such Party shall be entitled
to act as if the existing Senior Priority Representative is in fact the Senior Priority Representative. Each Party (other than the existing Senior Priority Representative) shall be entitled to rely upon any written notice of a change in the identity
of the Senior Priority Representative which facially appears to be from the then existing Senior Priority Representative and is delivered in accordance with Section 7.05 and such Agent shall not be required to inquire into the veracity
or genuineness of such notice. Each existing Senior Priority Representative from time to time agrees to give prompt written notice to each Party of any change in the identity of the Senior Priority Representative. 

Section 7.13 [Reserved]. 

  
 59 

 Section 7.14 Provisions Solely to Define Relative Rights. The provisions of this
Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior Priority Secured Parties, respectively. Nothing in this Agreement is intended to or shall impair the rights
of the Original First Lien Borrower or any other Loan Party, or the obligations of the Original First Lien Borrower or any other Loan Party to pay the Original First Lien Obligations, the [    ]i [First/Second]ii Lien Obligations and any Additional Obligations as and when the same shall become due and payable in accordance with their terms.

 Section 7.15 Headings. The headings of the articles and sections of this Agreement are inserted for purposes of convenience
only and shall not be construed to affect the meaning or construction of any of the provisions hereof. 
 Section 7.16
Severability. If any of the provisions in this Agreement shall, for any reason, be held invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement
and shall not invalidate the Lien Priority or the application of Proceeds and other priorities set forth in this Agreement. 

Section 7.17 Attorneys’ Fees. The Parties agree that if any dispute, arbitration, litigation, or other
proceeding is brought with respect to the enforcement of this Agreement or any provision hereof, the prevailing party in such dispute, arbitration, litigation, or other proceeding shall be entitled to recover its reasonable attorneys’ fees and
all other costs and expenses incurred in the enforcement of this Agreement, irrespective of whether suit is brought. 
 Section 7.18
VENUE; JURY TRIAL WAIVER. 
 (a) EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO
THE EXCLUSIVE JURISDICTION OF THE SUPREME COURT OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT RELATED THERETO, AND EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING
MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN
OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. 
 (b) EACH PARTY HERETO HEREBY WAIVES ITS RESPECTIVE
RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY
CLAIMS. EACH PARTY 

  
 60 

 
HERETO REPRESENTS THAT IT HAS REVIEWED THIS WAIVER AND IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF
THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 (c) EACH PARTY TO THIS AGREEMENT IRREVOCABLY CONSENTS TO
SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 7.05. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 

Section 7.19 Intercreditor Agreement. This Agreement is the “Intercreditor Agreement” referred to in the Original First
Lien Credit Agreement, the [    ]i [First/Second]ii Lien Priority Credit Facility and each Additional Credit Facility.
Nothing in this Agreement shall be deemed to subordinate the right of any Junior Priority Secured Party to receive payment to the right of any Senior Priority Secured Party (whether before or after the occurrence of an Insolvency Proceeding), it
being the intent of the Parties that this Agreement shall effectuate a subordination of Liens as between the Senior Priority Secured Parties, on the one hand, and the Junior Priority Secured Parties, on the other hand, but not a subordination of
Indebtedness. 
 Section 7.20 No Warranties or Liability. Each Party acknowledges and agrees that none of the other Parties has
made any representation or warranty with respect to the execution, validity, legality, completeness, collectability or enforceability of any other Original First Lien Document, any [    ]i [First/Second]ii Lien Document or any other Additional Document. Except as otherwise provided in this Agreement, each Party will be entitled to
manage and supervise its respective extensions of credit to any Loan Party in accordance with law and their usual practices, modified from time to time as they deem appropriate. 

Section 7.21 Conflicts. In the event of any conflict between the provisions of this Agreement and the provisions of any Original
First Lien Document, any [    ]i [First/Second]ii Lien Document or any Additional Document, the provisions of this
Agreement shall govern. The parties hereto acknowledge that the terms of this Agreement are not intended to negate any specific rights granted to, or obligations of, the Original First Lien Borrower or any other Loan Party in the Original First Lien
Documents, the [    ]i [First/Second]ii Lien Documents or any Additional Documents. 

Section 7.22 Information Concerning Financial Condition of the Loan Parties. No Party has any responsibility for keeping any other
Party informed of the financial condition of the Loan Parties or of other circumstances bearing upon the risk of nonpayment of the Original First Lien Obligations, the [    ]i
[First/Second]ii Lien Obligations or any Additional Obligations, as applicable. Each Party hereby agrees that no Party shall have any duty to advise any other Party of information known to it
regarding such condition or any such circumstances. In the event any Party, in its sole discretion, undertakes at any time or from time to time to provide any information to any other Party to this Agreement, it shall be under no obligation
(a) to provide any such information to such other Party or any other Party on any subsequent occasion, (b) to undertake any investigation not a part of its regular business routine, (c) to disclose any other information or
(d) make any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of any such information so provided. 

  
 61 

 Section 7.23 Excluded Assets. For the avoidance of doubt, nothing in this Agreement
(including Sections 2.01, 4.01, 6.01 and 6.09 hereof) shall be deemed to provide or require that any Agent or any Secured Party represented thereby receive any Proceeds of, or any Lien on, any Property of any Loan Party
that constitutes “Excluded Assets” under (and as defined in) the applicable Credit Facility or any related Credit Document to which such Agent is a party. 

[Signature pages follow] 

  
 62 

 IN WITNESS WHEREOF, the Original First Lien Agent, for and on behalf of itself and the Original
First Lien Secured Parties, and the [    ]i [First/Second]ii Lien Agent, for and on behalf of itself and the
[    ]i [First/Second]ii Lien Creditors, have caused this Agreement to be duly executed and delivered as of the date first
above written. 
  

			
	 [    ]
 in its
capacity as Original First Lien Agent

		
	By:	 	  

		 	Name:
		 	Title:
	
	 [    ]
 in its
capacity as [    ]i [First/Second]ii Lien Agent

		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page to Intercreditor Agreement] 

 ACKNOWLEDGMENT 

Each Loan Party hereby acknowledges that it has received a copy of this Agreement and consents thereto, agrees to recognize all rights granted
thereby to the Original First Lien Agent, the Original First Lien Secured Parties, the [    ]i [First/Second]ii Lien Agent,
the [    ]i [First/Second]ii Lien Creditors, any Additional Agent and any Additional Credit Facility Secured Parties, and
will not do any act or perform any obligation which is not in accordance with the agreements set forth in this Agreement. 
  

							
	LOAN PARTIES:	 		 	AMERICAN AIRLINES, INC.
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	
			
		 		 	AMERICAN AIRLINES GROUP INC.
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	

  
 [Signature Page to
Intercreditor Agreement] 

 Exhibit A to the Intercreditor Agreement 

I. ADDITIONAL INDEBTEDNESS DESIGNATION 

DESIGNATION dated as of             , 20    , by [COMPANY]44 (the “Company”). Capitalized terms used herein and not otherwise defined herein shall have the meaning specified in the Intercreditor Agreement (as amended, supplemented, waived or
otherwise modified from time to time, the “Intercreditor Agreement”) entered into as of [    ], among [            ], in its capacity as collateral
agent (together with its successors and assigns in such capacity from time to time, and as further defined in the Intercreditor Agreement, the “Original First Lien Agent”) for the Original First Lien Secured Parties,
[            ], in its capacity as collateral agent (together with its successors and assigns in such capacity from time to time, and as further defined in the Intercreditor Agreement, the
“[            ]i [First/Second] ii Lien Agent”) for the
[    ]i [First/Second]ii Lien Secured Parties
[[            ], as Additional Agent for the Additional Credit Facility Creditors under the [describe applicable Additional Credit
Facility]].45 Capitalized terms used herein and not otherwise defined herein shall have the meaning specified in the Intercreditor Agreement. 

Reference is made to that certain [insert name of Additional Credit Facility], dated as of , 20 (the “Additional Credit
Facility”), among [list any applicable Loan Party], [list Additional Credit Facility Secured Parties] [and Additional Agent, as agent (the “Additional Agent”)].46 

Section 7.11 of the Intercreditor Agreement permits the Company to designate Additional Indebtedness under the Intercreditor Agreement.
Accordingly: 
 A. Representations and Warranties. The Company hereby represents and warrants to the Original First Lien
Agent, the [    ]i [First/Second]ii Lien Agent, and any Additional Agent that: 

1. The Additional Indebtedness incurred or to be incurred under the Additional Credit Facility constitutes
“Additional Indebtedness” which complies with the definition of such term in the Intercreditor Agreement; 

2. all conditions set forth in Section 7.11 of the Intercreditor Agreement with respect to the Additional
Indebtedness have been satisfied; and 
 3. any applicable requirement that no Event of Default exists or arises from
the issuance of such Additional Indebtedness, or any applicable comparable requirement, has been satisfied or waived. 
 B.
Designation of Additional Indebtedness. The Company hereby designates such Additional Indebtedness as Additional Indebtedness under the Intercreditor Agreement and such Additional Indebtedness shall constitute [Senior Priority Debt]/[Junior
Priority Debt]. 
  

	44 	Revise as appropriate to refer to any permitted successor or assign. 

	45 	Revise as appropriate to refer to any successor First Lien Agent or [     ]i [First/Second]ii
Lien Agent and to add reference to any previously added Additional Agent. 

	46 	Revise as appropriate to refer to the relevant Additional Credit Facility, Additional Credit Facility Secured Parties and any Additional Agent. 

  
 A-1 

 IN WITNESS WHEREOF, the undersigned has caused this Designation to be duly executed by its duly
authorized officer or other representative, all as of the day and year first above written. 
  

			
	[COMPANY]
		
	By:	 	  

		
		 	Name:
		
		 	Title:

  
 A-2 

 Exhibit B to the Intercreditor Agreement 

II. ADDITIONAL INDEBTEDNESS JOINDER 

JOINDER, dated as of             , 20    , among [COMPANY], a
Delaware corporation (“Company”), [            ], in its capacity as collateral agent (together with its successors and assigns in such capacity from time to time, and as
further defined in the Intercreditor Agreement, the “Original First Lien Agent”)47 for the Original First Lien Secured Parties, [    ], in its capacity as
collateral agent (together with its successors and assigns in such capacity from time to time, and as further defined in the Intercreditor Agreement, the “[    ]i
[First/Second]ii Lien Agent”)48 for the [    ]i [First/Second]ii
Lien Secured Parties, [list any previously added Additional Agent] [and insert name of each Additional Agent under any Additional Credit Facility being added hereby as party] and any successors or assigns thereof, to the Intercreditor Agreement
dated as of [    ] (as amended, supplemented, waived or otherwise modified from time to time, the “Intercreditor Agreement”) among the Original First Lien Agent, [and] the [    ]i [First/Second]ii Lien Agent [and (list any previously added Additional Agent)]. Capitalized terms used herein and not otherwise defined herein
shall have the meaning specified in the Intercreditor Agreement. 
 Reference is made to that certain [insert name of Additional Credit
Facility], dated as of , 20 (the “Additional Credit Facility”), among [list any applicable Grantor], [list any applicable Additional Credit Facility Secured Parties (the “Joining Additional Creditors”)] [and insert
name of each applicable Additional Agent (the “Joining Additional Agent”)].49 Section 7.11 of the Intercreditor Agreement permits the Company to designate Additional
Indebtedness under the Intercreditor Agreement. The Company has so designated Additional Indebtedness incurred or to be incurred under the Additional Credit Facility as Additional Indebtedness by means of an Additional Indebtedness Designation. 

Accordingly, [the Joining Additional Agent, for itself and on behalf of the Joining Additional Creditors,]50 hereby agrees with the Original First Lien Agent, the [    ]i
[First/Second]ii Lien Agent and any other Additional Agent party to the Intercreditor Agreement as follows: 

A. Agreement to be Bound. The [Joining Additional Agent, for itself and on behalf of the Joining Additional Creditors,]51 hereby agrees to be bound by the terms and provisions of the Intercreditor Agreement and shall, as of the Additional Effective Date with respect to the Additional Credit Facility, be deemed to be a
party to the Intercreditor Agreement. 
  

	47 	Revise as appropriate to refer to any successor First Lien Agent. 

	48 	Revise as appropriate to refer to any successor [     ]i [First/Second]ii Lien Agent. 

	49 	Revise as appropriate to refer to the relevant Additional Credit Facility, Additional Credit Facility Secured Parties and any Additional Agent. 

	50 	Revise as appropriate to refer to any Additional Agent being added hereby and any Additional Credit Facility Secured Parties represented thereby. 

	51 	Revise references throughout as appropriate to refer to the party or parties being added. 

  
 B-1 

 B. Recognition of Claims. The Original First Lien Agent (for itself and on behalf
of the Original First Lien Secured Parties), the [    ]i [First/Second]ii Lien Agent (for itself and on behalf of the
[    ]i [First/Second]ii Lien Secured Parties) and [each of] the Additional Agent[s](for itself and on behalf of any Additional Credit Facility Secured Parties represented
thereby) hereby agree that the interests of the respective Creditors in the Liens granted to the Original First Lien Agent, the [    ]i [First/Second]ii Lien Agent, or any Additional Agent, as applicable, under the applicable Credit Documents shall be treated, as among the Creditors, as having the priorities provided for in Section 2.01 of the
Intercreditor Agreement, and shall at all times be allocated among the Creditors as provided therein regardless of any claim or defense (including any claims under the fraudulent transfer, preference or similar avoidance provisions of applicable
bankruptcy, insolvency or other laws affecting the rights of creditors generally) to which the Original First Lien Agent, the [    ]i [First/Second]ii Lien Agent, any Additional Agent or any Creditor may be entitled or subject. The Original First Lien Agent (for itself and on behalf of the Original First Lien Secured Parties), the
[    ]i [First/Second]ii Lien Agent (for itself and on behalf of the [    ]i [First/Second]ii Lien Creditors), and any Additional Agent party to the Intercreditor Agreement (for itself and on behalf of any Additional Credit
Facility Secured Parties represented thereby) (a) recognize the existence and validity of the Additional Obligations represented by the Additional Credit Facility, and (b) agree to refrain from making or asserting any claim that the
Additional Credit Facility or other applicable Additional Documents are invalid or not enforceable in accordance with their terms as a result of the circumstances surrounding the incurrence of such obligations. The [Joining Additional Agent (for
itself and on behalf of the Joining Additional Creditors)] (a) recognize[s] the existence and validity of the Original First Lien Obligations and the existence and validity of the
[            ]i [First/Second]ii Lien Obligations52 and (b) agree[s] to refrain from making or asserting any claim that the Original First Lien Credit Agreement, the
[    ]i [First/Second]ii Lien Credit Facility or other Original First Lien Documents or [    ]i [First/Second]ii Lien Documents,53 as the case may be, are invalid or not enforceable in
accordance with their terms as a result of the circumstances surrounding the incurrence of such obligations. 
 C. Notices.
Notices and other communications provided for under the Intercreditor Agreement to be provided to [the Joining Additional Agent] shall be sent to the address set forth on Annex 1 attached hereto (until notice of a change thereof is delivered as
provided in Section 7.05 of the Intercreditor Agreement). 
 D. Miscellaneous. THIS JOINDER SHALL
BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 
  

	52 	Add reference to any previously added Additional Credit Facility and related Additional Obligations as appropriate. 

	53 	Add reference to any previously added Additional Credit Facility and related Additional Documents as appropriate. 

  
 B-2 

 IN WITNESS WHEREOF, the undersigned has caused this Joinder to be duly executed by its duly
authorized officer or other representative, all as of the day and year first above written. 
  

			
	[                                    
]
		
	By:	 	  

		
		 	Name:
		
		 	Title:

  
 B-3 

 Exhibit C to the Intercreditor Agreement 

III. [ORIGINAL FIRST LIEN CREDIT AGREEMENT][[            ] 

[FIRST/SECOND LIEN] CREDIT AGREEMENT] JOINDER 

JOINDER, dated as of             , 20    , among
[    ], in its capacity as collateral agent (together with its successors and assigns in such capacity from time to time, and as further defined in the Intercreditor Agreement, the “Original First Lien Agent”)xii for the Original First Lien Secured Parties, [    ], in its capacity as collateral agent (together with its successors and assigns in such capacity from time to time, and as
further defined in the Intercreditor Agreement, the “[    ]i [First/Second]ii Lien Agent”)xiii for the
[    ]i [First/Second]ii Lien Secured Parties, [list any previously added Additional Agent] [and insert name of additional
Original First Lien Secured Parties, Original First Lien Agent, [    ]i [First/Second]ii Lien Secured Parties or
[    ]i [First/Second]ii Lien Agent, as applicable, being added hereby as party] and any successors or assigns thereof, to the Intercreditor Agreement dated as of
[    ], 20[    ] (as amended, supplemented, waived or otherwise modified from time to time, the “Intercreditor Agreement”) among the Original First Lien Agentxiv, [and] the [    ]i [First/Second]ii Lien Agentxv [and (list any previously added Additional Agent)]. Capitalized terms used herein and not otherwise defined herein shall have the meaning specified in the Intercreditor Agreement. 

Reference is made to that certain [insert name of new facility], dated as of
            , 20     (the “Joining [Original First Lien Credit Agreement][ [    ]i
[First/Second]ii Lien Credit Agreement]”), among [list any applicable Credit Party], [list any applicable new Original First Lien Secured Parties or new
[    ]i [First/Second]ii Lien Secured Parties, as applicable (the “Joining [Original First][
[    ]i [First/Second]ii] Lien Secured Parties”)] [and insert name of each applicable Agent (the “Joining
[Original First][ [            ]i [First/Second]ii] Lien Agent”)].xvi 
 The Joining [First][ [    ]i [First/Second]ii] Lien Agent, for itself and on behalf of the Joining [First][ [    ]i [First/Second]ii]xvii Lien Secured Parties, hereby agrees with the Original First Lien
Borrower and the other Grantors, the [Original First][ [    ]i [First/Second]ii] Lien Agent and any other Additional Agent
party to the Intercreditor Agreement as follows: 
 A. Agreement to be Bound. The [Joining [First][ [    ]i [First/Second]ii] Lien Agent, for itself and on behalf of the Joining [First][ [    ]i [First/Second]ii Lien Secured Parties,]xviii hereby agrees to be bound by the terms and
provisions of the Intercreditor Agreement and shall, as of the date hereof, be deemed to be a party to the Intercreditor Agreement as [the][a] [First] [ [    ]i [First/Second]ii] Lien Agent. As of the date hereof, the Joining [Original First Lien Credit Agreement][ [            ]i [First/Second]ii Lien Credit Agreement] shall be deemed [the][a] [Original First Lien Credit Agreement][ [    ]i [First/Second]ii Lien Credit Agreement] under the Intercreditor Agreement, and the obligations thereunder are subject to the terms and provisions
of the Intercreditor Agreement. 
 B. Notices. Notices and other communications provided for under the Intercreditor Agreement
to be provided to the Joining [First][ [    ]i [First/Second]ii] Lien Agent shall be sent to the address set forth on Annex
1 attached hereto (until notice of a change thereof is delivered as provided in Section 7.05 of the Intercreditor Agreement). 

  
 C-1 

 C. Miscellaneous. THIS JOINDER SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE
WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 

  
 C-2 

 Exhibit C to the Intercreditor Agreement 

IN WITNESS WHEREOF, the undersigned has caused this Joinder to be duly executed by its duly authorized officer or other representative, all as
of the day and year first above written. 
  

			
	[                                    
    ]
		
	By:	 	  

		
		 	Name:
		
		 	Title:

  
 C-3 

 Exhibit D to the Intercreditor Agreement 

IV. TRUSTEE JOINDER 

JOINDER, dated as of             , 20    , among
[            ], in its capacity as collateral agent (together with its successors and assigns in such capacity from time to time, and as further defined in the Intercreditor Agreement, the
“Original First Lien Agent”)xiii for the Original First Lien Secured Parties, [    ], in its capacity as trustee (together with its successors and assigns in such
capacity from time to time, and as further defined in the Intercreditor Agreement, the “[    ]i [First/Second]ii Lien
Agent”)xiv for the [    ]i [First/Second]ii Lien Secured Parties,
[list any previously added Additional Agent] [and insert name of additional Original First Lien Secured Parties, Original First Lien Agent, [    ]i [First/Second]ii Lien Secured Parties or [    ]i [First/Second]ii Lien Agent, as
applicable, being added hereby as party] and any successors or assigns thereof, to the Intercreditor Agreement dated as of [    ], 20[    ] (as amended, supplemented, waived or otherwise modified from time to
time, the “Intercreditor Agreement”) among the Original First Lien Agentxv, [and] the [    ]i
[First/Second]ii Lien Agentxvi [and (list any previously added Additional Agent)]. Capitalized terms used herein and not otherwise defined
herein shall have the meaning specified in the Intercreditor Agreement. 
 The Joining [First][ [    ]i [First/Second]ii] Lien Agent, for itself and on behalf of the [    ]i
[First/Second]ii Lien Secured Parties, hereby agrees with the Original First Lien Borrower and the other Grantors, the [Original First][ [    ]i [First/Second]ii] Lien Agent and any other Additional Agent party to the Intercreditor Agreement as follows: 

A. Agreement to be Bound. The Joining [First][ [    ]i
[First/Second]ii Lien Agent, for itself and on behalf of the [    ]i [First/Second]ii Lien Secured Parties, hereby agrees to be bound by the terms and provisions of the Intercreditor Agreement and shall, as of the date hereof, be deemed to be a party to the Intercreditor Agreement as
[the][a] [First][ [            ]i [First/Second]ii] Lien Agent. 

B. Notices. Notices and other communications provided for under the Intercreditor Agreement to be provided to the Joining
[    ]i [First/Second]ii Lien Agent shall be sent to the address set forth on Annex 1 attached hereto (until notice of a
change thereof is delivered as provided in Section 7.05 of the Intercreditor Agreement). 
 C. Miscellaneous. THIS
JOINDER SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 

 IN WITNESS WHEREOF, the undersigned has caused this Joinder to be duly executed by its duly
authorized officer or other representative, all as of the day and year first above written. 
  

			
	[                                    
    ]
		
	By:	 	  

		
		 	Name:
		
		 	Title:

  

	i 	Insert month and year when this agreement is initially entered into (e.g., October 2014). 

	ii	Insert “First,” if this Agreement is initially entered into in connection with the incurrence of debt with pari passu Lien priority to the Original First
Lien Credit Agreement or “Second,” if this agreement is initially entered into in connection with the incurrence of debt with Junior Lien Priority to the Original First Lien Credit Agreement. 

	iii	Describe the applicable Borrower. 

	iv	Insert the section number of the negative covenant restricting Liens in the [    ]i
[First/Second]ii Lien Credit Facility. 

	v	Insert the section number of the definitions section in the [    ]i [First/Second]ii Lien
Credit Facility. 

	vi	Include if this agreement is entered into in connection with Junior Priority Debt. 

	vii	Include if this agreement is initially entered into in connection with the incurrence of Senior Priority Debt. 

	viii	Insert (i) “Senior” if this agreement is initially entered into in connection with the incurrence of debt with pari passu Lien priority to the Original
First Lien Credit Agreement or (ii) “Junior” if this agreement is initially entered into in connection with Junior Lien Priority to the Original First Lien Credit Agreement. 

	ix	If this agreement is initially entered into in connection with the entry into a new revolving loan facility, add the defined term for such facility here.

	x	If this agreement is initially entered into in connection with the entry into a new revolving loan facility, add the defined terms for the parties to such agreement.

	xi	If this agreement is initially entered into in connection with the entry into a new revolving loan facility, add the defined term for the Obligations with respect to
such facility. 

	xii	Revise as appropriate to refer to any successor Original First Lien Agent. 

	xiii	Revise as appropriate to refer to any successor [    ]i [First/Second]ii] Lien Agent. 

	xiv	Revise as appropriate to describe predecessor Original First Lien Agent or Original First Lien Secured Parties, if joinder is for a new Original First Lien Credit
Agreement. 

	xv	Revise as appropriate to describe predecessor [    ]i [First/Second]ii] Lien Agent or [    ]i [First/Second]ii] Lien Secured Parties, if
joinder is for a new [    ]i [First/Second]ii] Lien Credit Agreement. 

	xvi	Revise as appropriate to refer to the new credit facility, Secured Parties and Agents. 

	xvii	Revise as appropriate to refer to any Agent being added hereby and any Secured Parties represented thereby. 

	xviii	Revise references throughout as appropriate to refer to the party or parties being added. 

 SCHEDULE 3.06 

Subsidiaries 
 All voting
securities are owned directly or indirectly by Parent, except where otherwise indicated. 
  

			
	Name of Subsidiary	  	State or Sovereign Power of Incorporation
		
	American Airlines, Inc.	  	Delaware
		
	Admirals Club, Inc.	  	Massachusetts
		
	American Airlines de Mexico, S.A.	  	Mexico
		
	American Airlines Marketing Services LLC	  	Virginia
		
	American Airlines Vacations LLC	  	Delaware
		
	American Aviation Supply LLC	  	Delaware
		
	Americas Ground Services, Inc.	  	Delaware
		
	Caribbean Dispatch Services, Ltd.	  	St. Lucia
		
	Dominicana de Servicios Aeroportuarios (DSA), S.R.L	  	Dominican Republic
		
	International Ground Services, S.A. de C.V.	  	Mexico
		
	Envoy Aviation Group Inc.	  	Delaware
		
	Envoy Air Inc.	  	Delaware
		
	Eagle Aviation Services, Inc.	  	Delaware
		
	Executive Airlines, Inc.	  	Delaware
		
	Executive Ground Services, Inc.	  	Delaware
		
	Avion Assurance Ltd.	  	Bermuda
		
	PMA Investment Subsidiary, Inc.	  	Delaware
		
	AWHQ LLC1	  	Delaware

  

	1 	99% is owned by Parent and 1% is owned by American Airlines, Inc. 

			
	Name of Subsidiary	  	State or Sovereign Power of Incorporation
		
	Airways Assurance Limited	  	Bermuda
		
	Piedmont Airlines, Inc.	  	Maryland
		
	PSA Airlines, Inc.	  	Pennsylvania
		
	Material Services, Inc.	  	Delaware
		
	PMA Investment Subsidiary, Inc.	  	Delaware

  
 175 

 SCHEDULE 6.11 

Post-Closing Matters 
 With
respect to each item below, the Borrower shall, to the extent required by Section 6.11, either (a) take commercially reasonable efforts to complete such item within 180 days following the Closing Date or (b) provide an officer’s
certificate certifying that such item is not required: 
 Part 1 
  

	1.	Consent of CAE, Inc. with respect to the flight simulator software and visual software 

  

	2.	Consent of The Boeing Company with respect to the flight simulator data 

  

	3.	Consent of Airbus with respect to the flight simulator data 

  

	4.	Consent of Embraer with respect to the flight simulator data 

 Part 2 

With respect to the each of the properties located at the Philadelphia International Airport in Philadelphia, Delaware County, Pennsylvania and Sky Harbor
International Airport in Phoenix, Maricopa County, Arizona: 
 (i) executed Mortgages to create in favor of the Collateral Agent a valid and, subject to any
filing and/or recording referred to herein, perfected, first priority lien and security interest in such real property, and corresponding UCC fixture filings (if required); 

(ii) fully paid, fully paid ALTA mortgagee title insurance policies or unconditional title insurance commitments for such title policies (including any
customary endorsements thereto), in an amount reasonably acceptable to the Collateral Agent (not to exceed the fair market value of such property); 
 (iii)
surveys with respect to such property, or survey updates, to the extent sufficient to obtain survey coverage under the title policy; provided that, if the Borrower shall deliver survey affidavits of “no change” with respect to such
property (and all improvements thereon), that are sufficient for the title company to issue the title insurance policies in favor of the Collateral Agent providing all reasonably required survey coverage and survey endorsements, without having to
obtain such up-to-date survey, then, no surveys or survey updates for such property will be required); 

(iv) customary local counsel and corporate opinions; 

 (v) to the extent obtainable after using commercially reasonable efforts, landlord estoppels and/or consents with
respect to any leased property; and 
 (vi) flood hazard determinations; 

in each case in form and substance reasonably acceptable to the Administrative Agent and all in a manner consistent with the 2013 Loan Agreement.EX-10.33

 Exhibit 10.33 

SUPPLEMENTAL AGREEMENT NO. 6 

to 
 Purchase Agreement
No. 03735 
 between 

THE BOEING COMPANY 
 and

 AMERICAN AIRLINES, INC. 

Relating to Boeing Model 737 MAX Aircraft 

This SUPPLEMENTAL AGREEMENT No. 6 (SA-6), entered into as of November 15, 2016
(SA-6 Effective Date), by and between THE BOEING COMPANY, a Delaware corporation with offices in Washington state (Boeing) and AMERICAN AIRLINES, INC. a Delaware corporation with offices in Fort Worth, Texas, together
with its successors and permitted assigns (Customer); 
 WHEREAS, Boeing and Customer entered into
Purchase Agreement No. 03735 dated February 1, 2013 relating to Boeing Model 737 MAX Aircraft, as amended and supplemented (Purchase Agreement) and capitalized terms used herein without definitions shall have the meanings
specified therefore in such Purchase Agreement;  
 WHEREAS, Boeing and Customer have previously executed
documents amending the Purchase Agreement to reflect Customer’s [*CTR] (Package 1), [*CTR] (Package 2), [*CTR] (Package 3), [*CTR] (Package 4), [*CTR] (Package 5), [*CTR]
(Package 6), and letter 6-1162-DAT-884, entitled [*CTR] ([*CTR] Package 1, Package 2, Package 3, Package 4, Package 5, Package 6, and letter 6-1162-DAT-884, mutually agreed to comprise Customer [*CTR]
Changes) for [*CTR] (Customer [*CTR] Aircraft). [*CTR] changes to any [*CTR] Aircraft will be undertaken in the ordinary course of business between Boeing and Customer. With respect to such Customer [*CTR]
Changes, Customer and Boeing now agree to replace the existing Exhibit A with a revised Exhibit AR1 [*CTR] aircraft;  

  

					
	PA 03735	  		  	SA-6, Page 1
		  	BOEING PROPRIETARY	  	
	
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 WHEREAS, Customer and Boeing desire to amend Letter Agreement No. AAL-PA-03735-LA-1106648
entitled “Special Matters” in order to revise the [*CTR] in Article 1.4; 
 WHEREAS, Customer and Boeing desire to add
Letter Agreement AAL-PA-03735-LA-16005402 entitled “[*CTR]”; and 
 NOW, THEREFORE, the parties agree that the Purchase Agreement
is amended as set forth below and otherwise agree as follows: 
  

	1	Table of Contents. 

 The “Table Of Contents” to the Purchase Agreement
referencing SA-5 in the footer is deleted in its entirety and is replaced with the new “Table Of Contents” (attached hereto) referencing SA-6 in the footer to reflect changes made to the Purchase Agreement by this SA-6. Such new
Table of Contents is hereby incorporated into the Purchase Agreement in replacement of its predecessor. 
  

	2	Tables. 

 Table 1R2. Table 1R2 entitled “Base Weight 737-8 Aircraft
Delivery, Description, Price and Advance Payments” referencing SA-4 in the footer is deleted in its entirety and replaced with the similarly titled Table 1R3 (attached hereto) referencing SA-6 in the footer and is hereby incorporated into
the Purchase Agreement in replacement of Table 1R2. 
  

	3	Exhibit. 

 Exhibit A. Exhibit A entitled “Aircraft Configuration”
is deleted in its entirety and replaced with the similarly titled Exhibit AR1 (attached hereto) referencing SA-6 in the footer and is hereby incorporated into the Purchase Agreement in replacement of Exhibit A (Revised Exhibit A). 

 

	4	Letter Agreement. 

 4.1 Letter Agreement No. AAL-PA-03735-LA-1106648 entitled
“Special Matters” is deleted in its entirety and replaced with the similarly titled Letter Agreement No. AAL-PA-03735-LA-1106648R1 (attached hereto) referencing SA-6 in the footer (Revised Special Matters Letter
Agreement) in order to revise the [*CTR] in Article 1.4. The Revised Special Matters Letter Agreement is hereby incorporated into the Purchase Agreement in replacement of its predecessor. 

  

					
	PA 03735	  		  	SA-6, Page 2
		  	BOEING PROPRIETARY	  	
	
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 4.2 Letter Agreement No. AAL-PA-03735-LA-1106655 entitled “Open Configuration
Matters” is withdrawn in its entirety. 
 4.3 Letter Agreement No. AAL-PA-03735-LA-1605402 entitled
“[*CTR]” is hereby incorporated into the Purchase Agreement (New Letter Agreement). 
  

	5	Reimbursement of Advance Payments. 

 Upon execution of this SA-6, Boeing shall [*CTR]
Customer the [*CTR] of Exhibit A with Exhibit A(R1) and the [*CTR]. Such [*CTR] Customer to Boeing in accordance with the Purchase Agreement. The [*CTR]. 
  

	6	Miscellaneous. 

 6.1 The Purchase Agreement is amended as set forth above, by the revised
Table of Contents, Table 1R3, the Revised Exhibit A, the Revised Special Matters Letter Agreement, and the New Letter Agreement. All other terms and conditions of the Purchase Agreement remain unchanged and are in full force and effect. 

6.2 References in the Purchase Agreement and any supplemental agreements and associated letter agreements to Table 1 or Table 1R2 are deemed
to refer to Table 1R3. 

  

					
	PA 03735	  		  	SA-6, Page 3
		  	BOEING PROPRIETARY	  	
	
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

					
	AGREED AND ACCEPTED this	 		 	
			
	November 15, 2016	 		 	  

	Date	 		 	
			
	THE BOEING COMPANY	 		 	AMERICAN AIRLINES, INC.
			
	/s/ The Boeing Company	 		 	/s/ American Airlines, Inc.
	Signature	 		 	Signature
			
	The Boeing Company	 		 	American Airlines, Inc.
	Printed name	 		 	Printed name
			
	Attorney-in-Fact	 		 	Vice President and Treasurer
	Title	 		 	Title

  

					
	PA 03735	  		  	SA-6, Page 4
		  	BOEING 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	  			
	 Article 6.
	 	Confidentiality	  			
	
	 TABLE
	   

			
	 1R3.
	 	Aircraft Information Table	  	 	6	  
	
	 EXHIBITS
	   

			
	 AR1
	 	Aircraft Configuration	  	 	6	  
	 B.
	 	Aircraft Delivery Requirements and Responsibilities	  			
	 C.
	 	Definitions	  			
	
	 SUPPLEMENTAL EXHIBITS
	   

			
	 AE1.
	 	[*CTR]	  			
	 BFE1.
	 	BFE Variables	  			
	 CS1R1.
	 	Customer Support Variables	  	 	4	  
	 EE1.
	 	[*CTR]	  			
	 SLP1.
	 	[*CTR]	  			
	
	 LETTER AGREEMENTS
	   

			
	 LA-1106648R1
	 	Special Matters	  	 	6	  
	 LA-1106649
	 	[*CTR]	  			
	 LA-1106650R2
	 	[*CTR]	  	 	3	  
	 LA-1106651
	 	[*CTR]	  			
	 LA-1106652
	 	Aircraft Model Substitution	  			
	 LA-1106654
	 	AGTA Terms Revisions for MAX	  			
	 LA-1106655
	 	Open Matters – 737 MAX Withdrawn	  	 	6	  
	 LA-1106656R1
	 	[*CTR]	  	 	1	  
	 LA-1106657R1
	 	[*CTR]	  	 	2	  
	 LA-1106663 R1
	 	[*CTR]	  	 	2	  
	 LA-1106664 R1
	 	[*CTR]	  	 	2	  
	 LA-1106658
	 	[*CTR]	  			
	 LA-1106659R1
	 	[*CTR]	  	 	1	  
	 LA-1106660
	 	Spare Parts Initial Provisioning	  			

  

					
	PA-03735	  	TABLE OF CONTENTS, Page 1 of 2	  	SA-6
		  	BOEING PROPRIETARY	  	
	
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 TABLE OF CONTENTS, continued 

 

					
	 	  	SA
NUMBER
	 LETTER AGREEMENTS, continued

			
	 LA-1106661R2
	 	[*CTR]	  	2
	 LA-1106667
	 	[*CTR]	  	
	 LA-1106668
	 	[*CTR]	  	
	 LA-1106669
	 	[*CTR]	  	
	 LA-1106670
	 	Confidentiality	  	
	 LA-1106671R1
	 	Miscellaneous Commitments	  	1
	 LA-1106672
	 	[*CTR]	  	
	 LA-1106673R1*
	 	CS1 Special Matters	  	4
	 LA-1106677
	 	[*CTR]	  	
	 LA-1600073
	 	[*CTR]	  	4
	 LA-1600852
	 	[*CTR]	  	5
	 LA-1603773
	 	[*CTR]	  	5
	 LA-1605402
	 	[*CTR]	  	6

  

	* -	This is an intended gap as there are no Letter Agreements LA-1106674 through LA-1106676 incorporated by the Purchase Agreement. 

  

					
	PA-03735	  	TABLE OF CONTENTS, Page 2 of 2	  	SA-6
		  	BOEING PROPRIETARY	  	
	
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 Table 1R3 To 

Purchase Agreement No. PA-03735 

[*CTR] 737-8 
 Aircraft
Delivery, Description, Price and Advance Payments 
  

																			
	 Airframe Model/MTOW:
	 	 	737-8	 	 	 	[*CTR] pounds	 	  	Detail Specification:	 	 	[*CTR]	 	 			
	 Engine Model/Thrust:
	 	 	CFMLEAP-1B25	 	 	 	[*CTR] pounds	 	  	Airframe Price Base Year/Escalation Formula:	 	 	[*CTR]	 	 	 	[*CTR]	 
	 Airframe Price:
	 				 	$	[*CTR]	 	  	Engine Price Base Year/Escalation Formula:	 	 	[*CTR]	 	 	 	[*CTR]	 
	 Optional Features:
	 				 	$	[*CTR]	 	  		 				 			
		 				 	  
	  
	 	  		 				 			
	 Sub-Total of Airframe and Features:
	 				 	$	[*CTR]	 	  	Airframe Escalation Data:	 				 			
	 Engine Price (Per Aircraft):
	 				 	$	[*CTR]	 	  	Base Year Index (ECI):	 	 	[*CTR]	 
	 Aircraft Basic Price (Excluding
BFE/SPE):
	 				 	$	[*CTR]	 	  	Base Year Index (CPI):	 	 	[*CTR]	 
		 				 	  
	  
	 	  		 				 			
	 Buyer Furnished Equipment (BFE) Estimate:
	 				 	$	[*CTR]	 	  		 				 			
	 Seller Purchased Equipment (SPE)/In-Flight Ente
	 				 	$	[*CTR]	 	  		 				 			
	 Deposit per Aircraft:
	 				 	$	[*CTR]	 	  		 				 			

  

			                  		                  		                  		                  			                  				                  				                  				                  				                  	
	 Delivery Date
	  	Number of
Aircraft	  	Escalation
Factor
(Airframe)	  	 	  	 	  	Escalation Estimate
Adv Payment Base
Price Per A/P	 	  	Advance Payment Per Aircraft (Amts. Due/Mos.
Prior to Delivery):	 
	  	  	  	Manufacturer
Serial
Number	  	Nominal
Delivery
Month?	  	  	At Signing
[*CTR]	 	  	[*CTR]	 	  	[*CTR]	 	  	Total
[*CTR]	 
	 [*CTR]-2017
	  	1	  	[*CTR]	  	44459	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2017
	  	1	  	[*CTR]	  	44463	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2017
	  	1	  	[*CTR]	  	44465	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2017
	  	1	  	[*CTR]	  	44446	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2018
	  	1	  	[*CTR]	  	44447	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2018
	  	1	  	[*CTR]	  	44451	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2018
	  	1	  	[*CTR]	  	44448	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2018
	  	1	  	[*CTR]	  	44449	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2018
	  	1	  	[*CTR]	  	44455	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2018
	  	1	  	[*CTR]	  	44450	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2018
	  	1	  	[*CTR]	  	44452	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2018
	  	1	  	[*CTR]	  	44453	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2018
	  	1	  	[*CTR]	  	44454	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2018
	  	1	  	[*CTR]	  	44456	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 

  

					
		  	SA-6	  	
	AAL-PA-03735 95457-1F.TXT	  	Boeing Proprietary	  	Page 1
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 Table 1R3 To 

Purchase Agreement No. PA-03735 

[*CTR] 737-8 
 Aircraft
Delivery, Description, Price and Advance Payments 
  

			                  		                  		                  		                  			                  				                  				                  				                  				                  	
	 Delivery Date
	  	Number of
Aircraft	  	Escalation
Factor
(Airframe)	  	 	  	 	  	Escalation Estimate
Adv Payment Base
Price Per A/P	 	  	Advance Payment Per Aircraft (Amts. Due/Mos.
Prior to Delivery):	 
	  	  	  	Manufacturer
Serial Number	  	Nominal
Delivery
Month?	  	  	At Signing
[*CTR]	 	  	[*CTR]	 	  	[*CTR]	 	  	Total
[*CTR]	 
	 [*CTR]-2018
	  	1	  	[*CTR]	  	44457	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2018
	  	1	  	[*CTR]	  	44458	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2018
	  	1	  	[*CTR]	  	44460	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2018
	  	1	  	[*CTR]	  	44461	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2018
	  	1	  	[*CTR]	  	44462	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2018
	  	1	  	[*CTR]	  	44464	  	NA	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2018
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  	44466 & 44467	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  	44468 & 44469	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  	44470 & 44471	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  	44472 & 44473	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	1	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  	44474	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  	44475 & 44476	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 

  

					
		  	SA-6	  	
	AAL-PA-03735 95457-1F.TXT	  	Boeing Proprietary	  	Page 2
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 Table 1R3 To 

Purchase Agreement No. PA-03735 

[*CTR] 737-8 
 Aircraft
Delivery, Description, Price and Advance Payments 
  

			                  		                  		                  		                  			                  				                  				                  				                  				                  	
	 Delivery Date
	  	Number of
Aircraft	  	Escalation
Factor
(Airframe)	  	 	  	 	  	Escalation Estimate
Adv Payment Base
Price Per A/P	 	  	Advance Payment Per Aircraft (Amts. Due/Mos.
Prior to Delivery):	 
	  	  	  	Manufacturer
Serial Number	  	Nominal
Delivery
Month?	  	  	At Signing
[*CTR]	 	  	[*CTR]	 	  	[*CTR]	 	  	Total
[*CTR]	 
	 [*CTR]-2019
	  	1	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  	44477	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  	44478 & 44479	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  	44480 & 44481	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	1	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  	44482	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  	44483 & 44484	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	1	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	  	[*CTR]	  	44485	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2019
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  	  	[*CTR]	  	44486 & 44487	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  	1	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  	  	[*CTR]	  	44488	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 

  

					
		  	SA-6	  	
	AAL-PA-03735 95457-1F.TXT	  	Boeing Proprietary	  	Page 3
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 Table 1R3 To 

Purchase Agreement No. PA-03735 

[*CTR] 737-8 
 Aircraft
Delivery, Description, Price and Advance Payments 
  

			                  		                  		                  		                  			                  				                  				                  				                  				                  	
	 Delivery Date
	  	Number of
Aircraft	  	Escalation
Factor
(Airframe)	  	 	  	 	  	Escalation Estimate
Adv Payment Base
Price Per A/P	 	  	Advance Payment Per Aircraft (Amts. Due/Mos.
Prior to Delivery):	 
	  	  	  	Manufacturer
Serial Number	  	Nominal
Delivery
Month?	  	  	At Signing
[*CTR]	 	  	[*CTR]	 	  	[*CTR]	 	  	Total
[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  	2	  	[*CTR]	  	44489 & 44490	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  	1	  	[*CTR]	  	44491	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR] -2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  	2	  	[*CTR]	  	44492 & 44493	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  	2	  	[*CTR]	  	44494 & 44495	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  	2	  	[*CTR]	  	44496 & 44497	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  	2	  	[*CTR]	  	44498 & 44499	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  	2	  	[*CTR]	  	44500 & 44501	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  	2	  	[*CTR]	  	44502 & 44503	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 

  

					
		  	SA-6	  	
	AAL-PA-03735 95457-1F.TXT	  	Boeing Proprietary	  	Page 4
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 Table 1R3 To 

Purchase Agreement No. PA-03735 

[*CTR] 737-8 
 Aircraft
Delivery, Description, Price and Advance Payments 
  

			                  		                  		                  		                  			                  				                  				                  				                  				                  	
	 Delivery Date
	  	Number of
Aircraft	  	Escalation
Factor
(Airframe)	  	 	  	 	  	Escalation Estimate
Adv Payment Base
Price Per A/P	 	  	Advance Payment Per Aircraft (Amts. Due/Mos.
Prior to Delivery):	 
	  	  	  	Manufacturer
Serial Number	  	Nominal
Delivery
Month?	  	  	At Signing
[*CTR]	 	  	[*CTR]	 	  	[*CTR]	 	  	Total
[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  	1	  	[*CTR]	  	44504	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  	1	  	[*CTR]	  	44505	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2020
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	2	  	[*CTR]	  	44506 & 44507	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	1	  	[*CTR]	  	44508	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	2	  	[*CTR]	  	44509 & 44510	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	1	  	[*CTR]	  	44511	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	2	  	[*CTR]	  	44512 & 44513	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  		  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 

  

					
		  	SA-6	  	
	AAL-PA-03735 95457-1F.TXT	  	Boeing Proprietary	  	Page 5
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 Table 1R3 To 

Purchase Agreement No. PA-03735 

[*CTR] 737-8 
 Aircraft
Delivery, Description, Price and Advance Payments 
  

			                  		                  		                  		                  			                  				                  				                  				                  				                  	
	 Delivery Date
	  	Number of
Aircraft	  	Escalation
Factor
(Airframe)	  	 	  	 	  	Escalation Estimate
Adv Payment Base
Price Per A/P	 	  	Advance Payment Per Aircraft (Amts. Due/Mos.
Prior to Delivery):	 
	  	  	  	Manufacturer
Serial Number	  	Nominal
Delivery
Month?	  	  	At Signing
[*CTR]	 	  	[*CTR]	 	  	[*CTR]	 	  	Total
[*CTR]	 
	 [*CTR]-2021
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	  	[*CTR]	  	44514 & 44515	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	  	[*CTR]	  	44516 & 44517	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	  	[*CTR]	  	44518 & 44519	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	1	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	  	[*CTR]	  	44520	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	  	[*CTR]	  	44521 & 44522	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	1	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	  	[*CTR]	  	44523	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	  	[*CTR]	  	44524 & 44525	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2021
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  	44526 & 44527	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 

  

					
		  	SA-6	  	
	AAL-PA-03735 95457-1F.TXT	  	Boeing Proprietary	  	Page 6
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 Table 1R3 To 

Purchase Agreement No. PA-03735 

[*CTR] 737-8 
 Aircraft
Delivery, Description, Price and Advance Payments 
  

			                  		                  		                  		                  			                  				                  				                  				                  				                  	
	 Delivery Date
	  	Number of
Aircraft	  	Escalation
Factor
(Airframe)	  	 	  	 	  	Escalation Estimate
Adv Payment Base
Price Per A/P	 	  	Advance Payment Per Aircraft (Amts. Due/Mos.
Prior to Delivery):	 
	  	  	  	Manufacturer
Serial Number	  	Nominal
Delivery
Month?	  	  	At Signing
[*CTR]	 	  	[*CTR]	 	  	[*CTR]	 	  	Total
[*CTR]	 
	 [*CTR]-2022
	  	1	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  	44528	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  	44529 & 44530	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	1	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  	44531	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  	44532 & 44533	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  	44534 & 44535	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  	44536 & 44537	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  	44538 & 44539	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	1	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  	44540	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 

  

					
		  	SA-6	  	
	AAL-PA-03735 95457-1F.TXT	  	Boeing Proprietary	  	Page 7
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 Table 1R3 To 

Purchase Agreement No. PA-03735 

[*CTR] 737-8 
 Aircraft
Delivery, Description, Price and Advance Payments 
  

			                  		                  		                  		                  			                  				                  				                  				                  				                  	
	 Delivery Date
	  	Number of
Aircraft	  	Escalation
Factor
(Airframe)	  	 	  	 	  	Escalation Estimate
Adv Payment Base
Price Per A/P	 	  	Advance Payment Per Aircraft (Amts. Due/Mos.
Prior to Delivery):	 
	  	  	  	Manufacturer
Serial Number	  	Nominal
Delivery
Month?	  	  	At Signing
[*CTR]	 	  	[*CTR]	 	  	[*CTR]	 	  	Total
[*CTR]	 
	 [*CTR]-2022
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  	44541 & 44542	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	1	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  	44543	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	2	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2022
	  	  	[*CTR]	  	44544 & 44545	  	Yes	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 [*CTR]-2023
	  	  	[*CTR]	  		  	No	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 	  	$	[*CTR]	 
	 Total:
	  	100	  		  		  		  				  				  				  				  			

  

					
		  	SA-6	  	
	AAL-PA-03735 95457-1F.TXT	  	Boeing Proprietary	  	Page 8
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 AIRCRAFT CONFIGURATION 

between 
 THE BOEING
COMPANY 
 and 

American Airlines, Inc. 

Exhibit AR1 to Purchase Agreement Number 03735 

  

					
	AAL-PA-03735-EXAR1	  		  	SA-6, Page 1 of 2
		  	BOEING PROPRIETARY	  	
	

 Exhibit AR1 

AIRCRAFT CONFIGURATION 

Dated as of the SA-6 Effective Date 

relating to 
 BOEING
MODEL 737-8 MAX AIRCRAFT 
 The Detail Specification is Boeing document number [*CTR], as may subsequently be amended. The Detail
Specification provides [*CTR] set forth in this Exhibit A. Such Detail Specification will be comprised of Boeing configuration specification [*CTR]. [*CTR], Boeing will furnish to Customer copies of the Detail Specification, which will reflect
[*CTR]. The [*CTR], except such [*CTR]. 

  

					
	AAL-PA-03735-EXA	  		  	 November 15, 2011

EXA Page 2

		  	BOEING PROPRIETARY	  	
	
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

					
	 Configuration
Item Number
	  	 Title
	  	[*CTR]
100 Aircraft
[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]

  

					
		  	BOEING PROPRIETARY	  	
	PA 03735	  	Page 1 of 5	  	Exhibit AR1, SA-6
	
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

					
	 Configuration
Item Number
	  	 Title
	  	[*CTR]
100 Aircraft
[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]

  

					
		  	BOEING PROPRIETARY	  	
	PA 03735	  	Page 2 of 5	  	Exhibit AR1, SA-6
	
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

					
	 Configuration
Item Number
	  	 Title
	  	[*CTR]
100 Aircraft
[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]

  

					
		  	BOEING PROPRIETARY	  	
	PA 03735	  	Page 3 of 5	  	Exhibit AR1, SA-6
	
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

					
	 Configuration
Item Number
	  	 Title
	  	[*CTR]
100 Aircraft
[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]

  

					
		  	BOEING PROPRIETARY	  	
	PA 03735	  	Page 4 of 5	  	Exhibit AR1, SA-6
	
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

					
	 Configuration
Item Number
	  	 Title
	  	[*CTR]
100 Aircraft
[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]
	  	[*CTR]	  	[*CTR]
	 [*CTR]: 191
	  	TOTAL – [*CTR] - EXHIBIT A:	  	[*CTR]

  

					
		  	BOEING PROPRIETARY	  	
	PA 03735	  	Page 5 of 5	  	Exhibit AR1, SA-6
	
	[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

					
	

	  		  	 The Boeing Company
 P.O. Box 3707

Seattle, WA 98124-2207

 AAL-PA-03735-LA-1106648R1 
 American Airlines, Inc. 

P.O. Box 619616 

Dallas-Fort Worth Airport, Texas 75261-9616 

 

			
	Subject:	  	Special Matters
	Reference:	  	Purchase Agreement No. 03735 (Purchase Agreement) between The Boeing Company (Boeing) and American Airlines, Inc. (Customer) relating to
Model 737-8 MAX 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.	[*CTR]. 

  

	 	1.1	[*CTR]. 

  

	 	1.2	[*CTR]. 

  

	 	1.3	[*CTR]. 

  

	 	1.4	[*CTR]. 

  

	2.	Other [*CTR] Terms. 

  

	 	2.1	[*CTR]. 

  

	 	2.2	[*CTR]. 

  

	3.	[*CTR] Considerations for the Substitute Aircraft. 

 If Customer substitutes an Aircraft
pursuant to Letter Agreement No. AAL-PA-03735-LA-1106652 entitled “Aircraft Model
Substitution”, then [*CTR] of each Substitute Aircraft Boeing agrees to provide Customer with the following [*CTR]: 

  

					
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	 BOEING PROPRIETARY
  

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	 [*CTR]
	  	 [*CTR]
	  	 [*CTR]
	 
	 3.1 [*CTR]
	  	[*CTR]	  	 	[*CTR]	 
	 3.2 [*CTR]
	  	[*CTR]	  	 	[*CTR]	 
	 3.3 [*CTR]
	  	[*CTR]	  	 	[*CTR]	 

 [*CTR] 
  

	4.	FAA Manufacturer Changes. 

 [*CTR] 

 

	5.	FAA Operator Changes. 

 [*CTR] 

 

	6.	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, without the prior written consent of Boeing. 

 

	7.	Confidential Treatment. 

 The information contained herein represents confidential
business information and has value precisely because it is not available generally or to other parties. This Letter Agreement shall be subject to the terms and conditions of Letter Agreement No. AAL-PA-03735-LA-1106670 entitled
“Confidentiality”. 

  

					
	AAL-PA-03735-LA-1106648R1	  	SA-6	  	
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	 BOEING PROPRIETARY
  

[*CTR]=[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

					
	

	  		  	 The Boeing Company
 P.O. Box 3707

Seattle, WA 98124-2207

  

 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	 By:
	 	/s/ The Boeing Company
	 Its:
	 	Attorney-In-Fact

 ACCEPTED AND AGREED TO this 

Date: November 15, 2016 
  

			
	AMERICAN AIRLINES, INC.
		
	 By:
	 	/s/ American Airlines, Inc.
	 Its:
	 	Vice President & Treasurer

  

					
	AAL-PA-03735-LA-1106648R1	  	SA-6	  	
	Special Matters	  		  	Page 3 of 4
	BOEING PROPRIETARY

					
	

	  		  	 The Boeing Company
 P.O. Box 3707

Seattle, WA 98124-2207

  

 AAL-PA-03735-LA-1605402 

American Airlines, Inc. 
 P.O. Box 619616 

Dallas-Fort Worth Airport, Texas 75261-9616 
  

			
	 Subject:
	  	[*CTR]
		
	Reference:	  	PurchaseAgreement No. 03735 (Purchase Agreement) between The Boeing Company (Boeing) and American Airlines, Inc. (Customer) relating to Model 737-8 MAX aircraft (Aircraft)

 This letter agreement (Letter Agreement) is entered into on the date below and amends and
supplements the Purchase Agreement referenced above. All capitalized terms used in but not otherwise defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement. 

Customer has [*CTR] that Boeing [*CTR] in the Aircraft certain [*CTR] which is more fully described in the options listed in Attachment A
to this Letter Agreement (collectively referred to as [*CTR]) in accordance with the terms and conditions of this Letter Agreement. [*CTR] that is identified in the Detail Specification for the Aircraft is [*CTR] that Boeing is [*CTR] in accordance
with Section 2 below, but is otherwise [*CTR] for purposes of the Purchase Agreement. 
 The [*CTR] during the [*CTR] and manufacture
of the Aircraft to achieve [*CTR] at the time of delivery of the Aircraft. To achieve this, Boeing and Customer will [*CTR] in a manner consistent with (i) the terms and conditions [*CTR]; and (ii) [*CTR]. 

 

	1.	Customer Responsibilities. 

  

	 	1.1	[*CTR]. Customer has selected [*CTR]. 

  

	 	1.2	[*CTR]. Customer will provide [*CTR]. 

  

	 	1.3	[*CTR]. Customer will [*CTR]. Such [*CTR]: 

  

	 	1.3.1	specify [*CTR]; 

  

	 	1.3.2	specify that [*CTR]; 

  

	 	1.3.3	specify the [*CTR]; 

  

	 	1.3.4	require [*CTR]; and 

  

	 	1.3.5	require [*CTR]. 

  

	2.	Boeing Responsibilities. 

  

	 	2.1	Boeing shall: 

  

					
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 2.1.1 perform the [*CTR] described in Attachment B to this Letter Agreement;

 2.1.2 assist [*CTR]; 

2.1.3 approve the [*CTR]; 

2.1.4 place, [*CTR] and which shall also include a statement that [*CTR]; additionally the [*CTR]; 

2.1.5 notify Customer as soon as possible [*CTR]; 

2.1.6 manage all [*CTR]; 

2.1.7 coordinate [*CTR]; 

2.1.8 provide [*CTR]; 

2.1.9 ensure that the [*CTR]; 

2.1.10 [*CTR] in the Aircraft, in accordance with the terms and conditions of the Purchase Agreement (including, without
limitation, the [*CTR]) the [*CTR] identified in Section 3.1 of this Letter Agreement; 
 2.1.11 ensure that at the
time of Aircraft delivery, the [*CTR] referenced in Attachment A to this Letter Agreement; 
 2.1.12 if necessary, and upon
request of Customer, use commercially [*CTR] to assist Customer in causing [*CTR] under the [*CTR] with the objective of delivery of the Aircraft on the delivery date (that is scheduled in accordance with Section 6.1 of the AGTA) with [*CTR] in
the Aircraft and certified by the FAA; and 
 2.1.13 prior to delivery of the applicable Aircraft, obtain [*CTR] of the
Aircraft with [*CTR], including the [*CTR] identified in Section 3.1 of this Letter Agreement. 
  

	3.	[*CTR]. [*CTR] may contain [*CTR] of the following two (2) types: 

 3.1 [*CTR]. The
[*CTR] required to [*CTR] on the Aircraft is the [*CTR] and is part of the CSE. 
 3.2 Customer’s [*CTR]. The [*CTR] to the
Aircraft [*CTR] and is not part of the CSE. 
 3.2.1 As between Customer and Boeing, Customer is solely responsible for
specifying the [*CTR] and ensuring that Customer’s [*CTR] meets such [*CTR]. Customer and the [*CTR] Customer’s [*CTR] will have total responsibility for the [*CTR] of any of Customer’s [*CTR]. 

3.2.2 The [*CTR] of any Customer’s [*CTR] or the lack of any [*CTR] will not be a valid condition for Customer’s
[*CTR]. 

  

					
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 3.2.3 Boeing has no [*CTR] to support Customer’s [*CTR]. Boeing will
only [*CTR] if in Boeing’s reasonable opinion such [*CTR] is necessary to [*CTR] on the Aircraft. 
 3.2.4 Boeing shall
not be responsible for obtaining FAA certification for Customer’s [*CTR]. 
  

	4.	Changes. 

 4.1 Customer and [*CTR] may change the [*CTR] of Boeing. Customer may [*CTR]
at any time, and Boeing shall [*CTR] in a timely manner. Any [*CTR] that Boeing gives to a [*CTR] shall be subject to [*CTR] through Boeing’s [*CTR] of the Purchase Agreement. 

4.2 Boeing and Customer recognize that the [*CTR] nature of the [*CTR] in order to ensure (i) [*CTR] with the Aircraft and all [*CTR],
and (ii) [*CTR] of the Aircraft with the [*CTR]. In such event, Boeing will notify Customer and [*CTR]. If, within [*CTR] as may be mutually agreed in writing) after such notification, (i) Customer and Boeing [*CTR] or an alternate course
of action and (ii) so long as Boeing has [*CTR] with Customer to [*CTR], then any [*CTR] in delivery of the Aircraft will be [*CTR] and Article 7 of the AGTA will apply. The [*CTR] of any mutually agreed [*CTR] may result in Boeing adjusting
the [*CTR] contained in Attachment A to this Letter Agreement. 
 4.3 Boeing’s [*CTR] of the Aircraft as it relates to [*CTR] as
described in the options listed in Attachment A to this Letter Agreement, as such Attachment A may be amended from time to time. 
  

	5.	[*CTR]. 

 5.1 Boeing and Customer agree to follow the sequential steps identified in
this Section 5 to [*CTR]: 
 5.1.1 Boeing shall [*CTR] with Boeing. 

5.1.2 Within [*CTR] or other course of action. 

5.2 If Boeing and Customer are [*CTR] to agree on an alternate [*CTR] or course of action within such time, the [*CTR] to Boeing in
Section 8 of this Letter Agreement shall apply. 
  

	6.	Proprietary Rights. 

 Boeing’s [*CTR] for the [*CTR] will not impose upon Boeing
any [*CTR] Customer may have in the [*CTR]. 
  

	7.	Exhibits B and C to the AGTA. 

 [*CTR] is deemed to be BFE for the purposes of
Exhibit B to the AGTA, entitled “Customer Support Document”, and Exhibit C to the AGTA, entitled “Product Assurance Document”. 

  

					
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	8.	Boeing [*CTR]. 

 8.1 If Customer [*CTR] as provided in this Letter Agreement or if
[*CTR] (for any reason [*CTR] under the purchase order terms) to [*CTR] in accordance with the [*CTR], then, in addition to [*CTR], Boeing will 

8.1.1 [*CTR] and 

8.1.1.1 if the [*CTR] to Section 5.1 of the Exhibit A to the AGTA entitled “Buyer Furnished Equipment Provisions Document”
(AGTA Exhibit A BFE Provisions Document), then the provisions of Article 7, “Excusable Delay”, [*CTR]; 
 8.1.1.2 if the
[*CTR] pursuant to Section 5.2 of the AGTA Exhibit A BFE Provisions Document, then Boeing will [*CTR]; 
 8.1.2 [*CTR];
and/or 
 8.1.3 [*CTR] by the amount of Boeing’s [*CTR], including but not limited to, (i) [*CTR] by Boeing,
(ii) any [*CTR] as established by Boeing and agreed to by the [*CTR] and (iii) [*CTR]; and [*CTR] from any applicable [*CTR]. 

8.2 Boeing will use [*CTR] described in Section 8.1.3. Notwithstanding the last clause of 8.1.3, Boeing has no [*CTR]. 

8.3 If Boeing [*CTR] set forth herein, then any [*CTR] of the Aircraft, to the [*CTR], will be the [*CTR] of Boeing. 

 

	9.	[*CTR]. 

 [*CTR] will at all times [*CTR] with Customer [*CTR] and Boeing will have
[*CTR] have, but will not be [*CTR]. 
  

	10.	Confidential Treatment.  

 Customer understands and agrees that the information
contained herein represents confidential business information and has value precisely because it is not available generally or to other parties. This Letter Agreement shall be subject to the terms and conditions of Letter Agreement No.
AAL-PA-03735-LA-1106670 entitled “Confidentiality”. 
 Intentionally Left Blank 

  

					
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 If the foregoing correctly sets forth your understanding of our agreement with respect to the matters treated
above, please indicate your acceptance and approval below. 
 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	 By
	 	/s/ The Boeing Company
	 Its
	 	Attorney-In-Fact

 ACCEPTED AND AGREED TO this 

Date: November 15, 2016 
  

			
	AMERICAN AIRLINES, INC.
		
	 By
	 	/s/ American Airlines, Inc.
	 Its
	 	Vice President & Treasurer

  

					
	AAL-PA-03735-LA-1605402	  		  	
	[*CTR]	  		  	LA 6 Page 5
		  	BOEING PROPRIETARY	  	
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TREATMENT]

 

 
  

 Attachment A 

[*CTR] 
 The following
[*CTR] describe(s) the items of equipment that under the terms and conditions of this Letter Agreement are considered to be [*CTR]. Each such [*CTR] is fully described in the [*CTR] as described in Exhibit A to the Purchase Agreement. Final
configuration will be based on Customer acceptance of any or all [*CTR] listed below. 
 [*CTR] Number and Title 

[*CTR] 
 [*CTR] 

[*CTR] 
 [*CTR] 

  

					
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 Attachment B 

[*CTR] 
 This Attachment B describes
the functions that Boeing will perform as [*CTR] to support (i) the [*CTR] and (ii) the [*CTR] on the Aircraft. 
  

	1.	[*CTR]. 

 Boeing will perform the following functions [*CTR]. Boeing will have [*CTR]
which, in Boeing’s reasonable opinion, [*CTR]. Boeing will be [*CTR] for: 
  

	 	(i)	[*CTR]; 

  

	 	(ii)	[*CTR]; 

  

	 	(iii)	[*CTR]; 

  

	 	(iv)	[*CTR]; 

  

	 	(v)	[*CTR]; 

  

	 	(vi)	[*CTR]; 

  

	 	(vii)	[*CTR]; and 

  

	 	(viii)	[*CTR]. 

  

	2.	[*CTR]. 

 Boeing’s [*CTR] will include the functions of [*CTR]. As [*CTR], Boeing
will perform the following functions: 
  

	 	(i)	as required, [*CTR]; 

  

	 	(ii)	[*CTR] Boeing, Customer and [*CTR]; and 

  

	 	(iii)	[*CTR]. 

  

					
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TREATMENT]

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