Document:

Trust Supplement 2006-1G, dated as of June 9, 2006

     

    

    

    TRUST
      SUPPLEMENT No. 2006-1G

    Dated
      as
      of June 9, 2006

     

    
 

    between

    

    WILMINGTON
      TRUST COMPANY

    as
      Trustee,

    

    

    and

    

    

    CONTINENTAL
      AIRLINES, INC.

    

    to

    

    PASS
      THROUGH TRUST AGREEMENT

    Dated
      as
      of September 25, 1997

    

    

    $190,000,000

    

    Continental
      Airlines Pass Through Trust 2006-1G

    LIBOR
      +
      0.350% 

    Continental
      Airlines

    Pass
      Through Certificates,

    Series 2006-1G

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      TABLE
        OF CONTENTS

      

      Page

      

        
          	
                   

                  ARTICLE
                    I CREATION OF THE APPLICABLE
                    CERTIFICATES

                	
                   

                  2

                
	
                  Section 1.01.
                    The Applicable Certificates

                	
                  2

                
	
                   

                  ARTICLE
                    II DEFINITIONS

                	
                  3

                
	
                  Section 2.01.
                    Definitions

                	
                  3

                
	
                   

                  ARTICLE
                    III [INTENTIONALLY OMITTED]

                	
                  8

                
	
                   

                  ARTICLE
                    IV STATEMENTS TO APPLICABLE
                    CERTIFICATEHOLDERS

                	
                  8

                
	
                  Section 4.01.
                    [Reserved].

                	
                  8

                
	
                  Section 4.02.
                    Statements to Applicable
                    Certificateholders

                	
                  8

                
	
                  Section 4.03.
                    Distributions from Special Payments
                    Account.

                	
                  9

                
	
                  Section 4.04.
                    Limitation of Liability for
                    Payments

                	
                  10

                
	
                   

                  ARTICLE
                    V DEFAULT

                	
                  11

                
	
                  Section 5.01.
                    Purchase Rights of Certificateholders;
                    Election to
                    Terminate Policy

                	
                  11

                
	
                  Section 5.02.
                    Amendment of Section 6.05 of the Basic
                    Agreement

                	
                  14

                
	
                   

                  ARTICLE
                    VI THE TRUSTEE

                	
                  14

                
	
                  Section 6.01.
                    Delivery of Documents; Delivery
                    Dates

                	
                  14

                
	
                  Section 6.02.
                    The Trustee

                	
                  15

                
	
                  Section 6.03.
                    Representations and Warranties of the
                    Trustee

                	
                  15

                
	
                  Section 6.04.
                    Trustee Liens

                	
                  16

                
	
                   

                  ARTICLE
                    VII ADDITIONAL AMENDMENTS; SUPPLEMENTAL
                    AGREEMENTS

                	
                  16

                
	
                  Section 7.01.
                    Amendment of Section 2.01 of the Basic
                    Agreement

                	
                  16

                
	
                  Section 7.02.
                    Amendment of Section 2.04 of the Basic
                    Agreement

                	
                  16

                
	
                  Section 7.03.
                    Amendment of Section 5.02 of the Basic
                    Agreement

                	
                  17

                
	
                  Section 7.04.
                    Amendment of Section 6.05 of the Basic
                    Agreement

                	
                  17

                
	
                  Section 7.05
                    Amendment of Section 7.02 of the Basic
                    Agreement

                	
                  17

                
	
                  Section 7.06.
                    Supplemental Agreements Without Consent
                    of
                    Applicable Certificateholders

                	
                  17

                
	
                  Section 7.07.
                    Supplemental Agreements with Consent
                    of Applicable
                    Certificateholders

                	
                  18

                
	
                  Section 7.08.
                    Consent of Holders of Certificates Issued
                    under
                    Other Trust

                	
                  18

                
	
                  Section 7.09.
                    Amendment of Section 12.11 of the Basic
                    Agreement

                	
                  18

                

        

         

        

          
            
              
              

            

            
              i

              
                

              

            

            
              
              

            

          

        

         

         

        
          	
                   

                  ARTICLE
                    VIII MISCELLANEOUS PROVISIONS

                	
                  18

                
	
                  Section 8.01.
                    Basic Agreement Ratified

                	
                  18

                
	
                  Section 8.02.
                    GOVERNING
                    LAW

                	
                  19

                
	
                  Section 8.03.
                    Execution in Counterparts

                	
                  19

                
	
                  Section 8.04.
                    Intention of Parties

                	
                  19

                

        

      

    

     

     

    Exhibit A        Form
      of Certification

    Exhibit B        DTC
      Letter of Representation

    
      
        
        

      

      
        ii

        
          

        

      

      
        BACK

      

    

    This
      Trust Supplement No. 2006-1G, dated as of June 9, 2006 (herein called the
“Trust
      Supplement”),
      between Continental Airlines, Inc., a Delaware corporation (the “Company”),
      and
      Wilmington Trust Company (the “Trustee”),
      to
      the Pass Through Trust Agreement, dated as of September 25, 1997, between
      the Company and the Trustee (the “Basic
      Agreement”).

     

    W I T N E S S E T H:

    

    WHEREAS,
      the Basic Agreement, unlimited as to the aggregate principal amount of
      Certificates (unless otherwise specified herein, capitalized terms used herein
      without definition having the respective meanings specified in the Basic
      Agreement) which may be issued thereunder, has heretofore been executed and
      delivered;

    

    WHEREAS,
      the Company intends to issue pursuant to the Indenture, on a recourse basis,
      up
      to (and including) two series of equipment notes (the “Equipment
      Notes”)
      to be
      secured by, among other things, certain aircraft spare parts owned by the
      Company;

    

    WHEREAS,
      the Trustee hereby declares the creation of the Continental Airlines Pass
      Through Trust 2006-1G (the “Applicable
      Trust”)
      for
      the benefit of the Applicable Certificateholders, and the initial Applicable
      Certificateholders as the grantors of the Applicable Trust, by their respective
      acceptances of the Applicable Certificates, join in the creation of the
      Applicable Trust with the Trustee;

    

    WHEREAS,
      all Certificates to be issued by the Applicable Trust will evidence fractional
      undivided interests in the Applicable Trust and will convey no rights, benefits
      or interests in respect of any property other than the Trust
      Property;

    

    WHEREAS,
      pursuant to the terms and conditions of the Basic Agreement as supplemented
      by
      this Trust Supplement (the “Agreement”)
      and
      the NPA (as defined below), the Trustee on behalf of the Applicable Trust,
      using
      the proceeds of the sale of the Applicable Certificates, shall purchase an
      Equipment Note having the same interest rate as, and final maturity date not
      later than the final Regular Distribution Date of, the Applicable Certificates
      issued hereunder and shall hold such Equipment Note in trust for the benefit
      of
      the Applicable Certificateholders;

    

    WHEREAS,
      all of the conditions and requirements necessary to make this Trust Supplement,
      when duly executed and delivered, a valid, binding and legal instrument in
      accordance with its terms and for the purposes herein expressed, have been
      done,
      performed and fulfilled, and the execution and delivery of this Trust Supplement
      in the form and with the terms hereof have been in all respects duly
      authorized;

    

    WHEREAS,
      this Trust Supplement is subject to the provisions of the Trust Indenture Act
      of
      1939, as amended, and shall, to the extent applicable, be governed by such
      provisions. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        BACK

      

    

    NOW
      THEREFORE, in consideration of the premises herein, it is agreed between the
      Company and the Trustee as follows:

     

    ARTICLE
      I

    CREATION
      OF THE APPLICABLE CERTIFICATES

    

    Section 1.01.
The
      Applicable Certificates.
      There
      is hereby created a series of Certificates to be issued under the Agreement
      to
      be distinguished and known as “Continental Airlines Pass Through Certificates,
      Series 2006-1G” (hereinafter defined as the “Applicable
      Certificates”).
      Each
      Applicable Certificate represents a fractional undivided interest in the
      Applicable Trust created hereby. The Applicable Certificates shall be the only
      instruments evidencing a fractional undivided interest in the Applicable
      Trust.

    

    The
      terms
      and conditions applicable to the Applicable Certificates are as
      follows:

    

    (a) The
      aggregate principal amount of the Applicable Certificates that shall be
      authenticated under the Agreement (except for Applicable Certificates
      authenticated and delivered pursuant to Sections 3.03, 3.04, 3.05 and 3.06
      of the Basic Agreement) is $190,000,000.

    

    (b) The
      Regular Distribution Dates with respect to any payment of Scheduled Payments
      means March 2, June 2, September 2 and December 2 of each year, commencing
      on
      September 2, 2006 (or, if any such date is not a Business Day, the next
      succeeding Business Day), until payment of all of the Scheduled Payments to
      be
      made under the Equipment Notes has been made.

    

    (c) The
      Special Distribution Dates with respect to the Applicable Certificates means
      any
      Business Day on which a Special Payment is to be distributed pursuant to the
      Agreement.

    

    (d) (i)
      The
      Applicable Certificates shall be in the form attached hereto as Exhibit A.
      Any Person acquiring or accepting an Applicable Certificate or an interest
      therein will, by such acquisition or acceptance, be deemed to represent and
      warrant to and for the benefit of the Company that either (i) the assets of
      an employee benefit plan subject to Title I of the Employee Retirement Income
      Security Act of 1974, as amended (“ERISA”),
      or of
      a plan subject to Section 4975 of the Internal Revenue Code of 1986, as
      amended (the “Code”),
      have
      not been used to purchase Applicable Certificates or an interest therein or
      (ii) the purchase and holding of Applicable Certificates or an interest
      therein is exempt from the prohibited transaction restrictions of ERISA and
      the
      Code pursuant to one or more prohibited transaction statutory or administrative
      exemptions.

    

    (ii) The
      Applicable Certificates shall be Book-Entry Certificates and shall be subject
      to
      the conditions set forth in the Letter of Representations between the Company
      and the Clearing Agency attached hereto as Exhibit B.

    
      
        
        

      

      
        2

        
          

        

      

      
        BACK

      

    

    (e) The
“NPA”
      as defined in this Trust Supplement is the “Note Purchase Agreement” referred to
      in the Basic Agreement.

    

    (f) The
      Applicable Certificates are subject to the Intercreditor Agreement.

    

    (g) The
      Applicable Certificates are entitled to the benefits of the Primary Liquidity
      Facility, the Above-Cap Liquidity Facility and the Policy.

    

    (h) The
      Responsible Party is the Company.

    

    (i) The
      date
      referred to in clause (i) of the definition of the term “PTC Event of
      Default” in the Basic Agreement is the Final Maturity Date.

    

    (j) The
      “particular sections of the Note Purchase Agreement”, for purposes of
      clause (3) of Section 7.07 of the Basic Agreement, is Section 8.1
      of the NPA.

    

    (k) The
      Equipment Note to be acquired and held in the Applicable Trust, and the related
      Pledged Spare Parts and Note Documents are described in the NPA.

    

    (l) For
      purposes of Section 2.01(b)(4) of the Basic Agreement, there shall be no
      Cut-off Date with respect to the Applicable Certificates.

    

    (m) For
      purposes of the second paragraph of Section 11.01 of the Basic Agreement,
      the notice of any termination of the Applicable Trust shall be mailed promptly
      by the Trustee to the Applicable Certificateholders not earlier than 60 days
      and
      not later than 15 days preceding the final distribution referenced in such
      Section.

     

    ARTICLE
      II

    DEFINITIONS

    

    Section 2.01.
Definitions.
      For all
      purposes of the Basic Agreement as supplemented by this Trust Supplement, the
      following capitalized terms have the following meanings (any term used herein
      which is defined in both this Trust Supplement and the Basic Agreement shall
      have the meaning assigned thereto in this Trust Supplement for purposes of
      the
      Basic Agreement as supplemented by this Trust Supplement):

    

    Above-Cap
      Account:
      Has the
      meaning specified in the Intercreditor Agreement.

    

    Above-Cap
      Liquidity Facility:
      Means,
      initially, the ISDA Master Agreement, dated as of June 9, 2006, between the
      Subordination Agent, as agent and trustee for the Applicable Trust, and the
      Above-Cap Liquidity Provider, together with the Schedule and Confirmation
      attached thereto, relating to the Applicable Certificates, and, from and after
      the replacement of such ISDA Master Agreement pursuant thereto, the replacement
      above-cap liquidity facility therefor, if any, in each case, as amended,
      supplemented or otherwise modified from time to time in accordance with its
      terms. 

    
      
        
        

      

      
        3

        
          

        

      

      
        BACK

      

    

    Above-Cap
      Liquidity Provider:
      Means,
      initially, Morgan Stanley Capital Services Inc., a corporation organized under
      the laws of the state of Delaware, and any replacements or successors therefor
      appointed in accordance with the Intercreditor Agreement. 

     

    Agreement:
      Has the
      meaning specified in the recitals hereto.

    

    Applicable
      Certificate:
      Has the
      meaning specified in Section 1.01 of this Trust Supplement.

    

    Applicable
      Certificateholder:
      Means
      the Person in whose name an Applicable Certificate is registered on the Register
      for the Applicable Certificates.

    

    Applicable
      Trust:
      Has the
      meaning specified in the recitals hereto.

    

    Basic
      Agreement:
      Has the
      meaning specified in the first paragraph of this Trust Supplement.

    

    Break
      Amount:
      Has the
      meaning specified in the Indenture.

    

    Business
      Day:
      Means
      any day other than a Saturday, a Sunday or a day on which commercial banks
      are
      required or authorized to close in Houston, Texas; New York, New York; or,
      so
      long as any Applicable Certificate is Outstanding, the city and state in which
      the Trustee, the Subordination Agent or the Loan Trustee maintains its Corporate
      Trust Office or receives and disburses funds and which is also a day for trading
      by and between banks in the London interbank Eurodollar markets.

    

    Certain
      Excess Reimbursement Obligations:
      Means
      any amounts referred to in clause (c) of the definition of “Excess Reimbursement
      Obligations” in the Intercreditor Agreement.

    

    Certificate:
      Has the
      meaning specified in the Intercreditor Agreement.

    

    Class:
      Has the
      meaning specified in the Intercreditor Agreement.

    

    Class B
      Purchasers:
      Has the
      meaning specified in Section 5.01(a) of this Trust Supplement

    

    Collateral:
      Has the
      meaning specified in the Indenture.

    

    Company:
      Has the
      meaning specified in the first paragraph of this Trust Supplement.

    

    Controlling
      Party:
      Has the
      meaning specified in the Intercreditor Agreement.

    

    Distribution
      Date:
      Means
      any Regular Distribution Date or Special Distribution Date as the context
      requires.

    
      
        
        

      

      
        4

        
          

        

      

      
        BACK

      

    

    Equipment
      Notes:
      Has the
      meaning specified in the recitals hereto.

    

    Final
      Maturity Date:
      June 2,
      2015.

    

    Indenture:
      Means
      the Trust Indenture and Mortgage dated as of June 9, 2006 between the Company
      and the Loan Trustee, as amended, supplemented or otherwise modified from time
      to time in accordance with its terms.

    

    Intercreditor
      Agreement:
      Means
      the Intercreditor Agreement (2006-1) dated as of June 9, 2006 among the Trustee,
      the Other Trustee, the Above-Cap Liquidity Provider, the Primary Liquidity
      Provider, the Policy Provider and Wilmington Trust Company, as Subordination
      Agent and as trustee thereunder, as amended, supplemented or otherwise modified
      from time to time in accordance with its terms.

    

    Investors:
      Means
      the Underwriter, together with all subsequent beneficial owners of the
      Applicable Certificates.

    

    Issuance
      Date:
      Means
      the date of the issuance of the Applicable Certificates to the Underwriter
      pursuant to the Underwriting Agreement.

    

    Liquidity
      Obligations:
      Has the
      meaning assigned to such term in the Intercreditor Agreement.

    

    Non-Participating
      Certificateholders:
      Has the
      meaning specified in Section 5.01(a) of this Trust Supplement.

    

    Non-Participating
      Class G Certificateholders:
      Has the
      meaning specified in Section 5.01(b) of this Trust Supplement.

    

    Note
      Documents:
      Means
      the Equipment Notes with respect to the Applicable Certificates, the Indenture
      and the NPA.

    

    NPA:
      Means
      the Note Purchase Agreement dated as of June 9, 2006 among the Trustee, the
      Other Trustee, the Company, the Loan Trustee and the Subordination Agent,
      providing for, among other things, the purchase of the applicable Equipment
      Note
      by the Trustee on behalf of the Applicable Trust, as the same may be amended,
      supplemented or otherwise modified from time to time, in accordance with its
      terms.

    

    Operative
      Agreements:
      Has the
      meaning assigned to such term in the Intercreditor Agreement.

    

    Other
      Agreement:
      Means the Basic Agreement as supplemented by Trust Supplement No. 2006-1B
      dated the date hereof relating to the Other Trust.

    
      
        
        

      

      
        5

        
          

        

      

      
        BACK

      

    

    Other
      Trust:
      Means
      the Continental Airlines Pass Through Trust 2006-1B, created by the Other
      Agreement.

    

    Other
      Trustee:
      Means
      the trustee under the Other Agreement, and any successor or other trustee
      appointed as provided therein.

    

    Participating
      Certificateholders:
      Has the
      meaning specified in Section 5.01(a) of this Trust Supplement.

    

    Participating
      Class G Certificateholders:
      Has the
      meaning specified in Section 5.01(b) of this Trust Supplement.

    

    Pledged
      Spare Parts:
      Has the
      meaning assigned to such term in the Indenture.

    

    Policy:
      Has the
      meaning specified in the Intercreditor Agreement.

    

    Policy
      Fee Letter:
      Has the
      meaning specified in the Intercreditor Agreement.

    

    Policy
      Provider:
      Has the
      meaning specified in the Intercreditor Agreement.

    

    Policy
      Provider Agreement:
      Has the
      meaning specified in the Intercreditor Agreement.

    

    Policy
      Provider Amounts:
      Has the
      meaning specified in the Intercreditor Agreement.

    

    Policy
      Provider Default:
      Has the
      meaning specified in the Intercreditor Agreement.

    

    Policy
      Provider Obligations:
      Has the
      meaning assigned to such term in the Intercreditor Agreement.

    

    Pool
      Balance:
      Means,
      as of any date, (i) the original aggregate face amount of the Applicable
      Certificates less (ii) the aggregate amount of all payments made as of such
      date in respect of such Applicable Certificates other than payments made in
      respect of interest or Premium or Break Amount thereon or reimbursement of
      any
      costs or expenses incurred in connection therewith. The Pool Balance as of
      any
      date shall be computed after giving effect to any payment of principal of the
      Equipment Notes, payments under the Policy (other than in respect of interest
      on
      the Applicable Certificates) or payment with respect to other Trust Property
      and
      the distribution thereof to be made on that date.

    

    Pool
      Factor:
      Means,
      as of any date, the quotient (rounded to the seventh decimal place) computed
      by
      dividing (i) the Pool Balance by (ii) the original aggregate face
      amount of the Applicable Certificates. The Pool Factor as of any date shall
      be
      computed after giving effect to any payment of principal of the Equipment Notes,
      payment under 

    
      
        
        

      

      
        6

        
          

        

      

      
        BACK

      

    

    the
      Policy (other than in respect of interest on the Applicable Certificates) or
      payment with respect to other Trust Property and the distribution thereof to
      be
      made on that date.

    

    Premium:
      Has the
      meaning specified in the Indenture.

    

    Primary
      Liquidity Facility:
      Means,
      initially, the Revolving Credit Agreement dated as of June 9, 2006 between
      Wilmington Trust Company, as Subordination Agent, as agent and trustee for
      the
      Applicable Trust, and the initial Primary Liquidity Provider, and from and
      after
      the replacement of such Revolving Credit Agreement pursuant to the Intercreditor
      Agreement, the replacement liquidity facility therefor, if any, in each case
      as
      amended, supplemented or otherwise modified from time to time in accordance
      with
      its terms.

    

    Primary
      Liquidity Provider:
      Means,
      initially, Morgan Stanley Bank, an industrial bank organized under the laws
      of
      the state of Utah, and any replacements or successors therefor appointed in
      accordance with the Intercreditor Agreement.

    

    PTC
      Event of Default:
      Has the
      meaning assigned to such term in the Intercreditor Agreement.

    

    Reference
      Agency Agreement:
      Has the
      meaning specified in the NPA.

    

    Scheduled
      Payment:
      Has the
      meaning assigned to such term in the Intercreditor Agreement.

    

    Special
      Payment:
      Means
      any payment (other than a Scheduled Payment) in respect of, or any proceeds
      of,
      any Equipment Note or Collateral (as defined in the Indenture).

    

    Stated
      Interest Rate:
      Has the
      meaning specified in the Intercreditor Agreement as such meaning is applicable
      to the Applicable Certificates.

    

    Triggering
      Event:
      Has the
      meaning assigned to such term in the Intercreditor Agreement.

    

    Trust
      Property:
      Means
      (i) subject to the Intercreditor Agreement, the Equipment Note held as the
      property of the Applicable Trust, all monies at any time paid thereon and all
      monies due and to become due thereunder, (ii) funds from time to time
      deposited in the Certificate Account and the Special Payments Account and,
      subject to the Intercreditor Agreement, any proceeds from the sale by the
      Trustee pursuant to Article VI of the Basic Agreement of the Equipment Note
      and
      (iii) all rights of the Applicable Trust and the Trustee, on behalf of the
      Applicable Trust, under the Intercreditor Agreement, the NPA, the Above-Cap
      Liquidity Facility, the Primary Liquidity Facility and the Policy, including,
      without limitation, all rights to receive certain payments thereunder, and
      all
      monies paid to the Trustee on behalf of the Applicable Trust pursuant to the
      Intercreditor 

    
      
        
        

      

      
        7

        
          

        

      

      
        BACK

      

    

    Agreement,
      the NPA, the Above-Cap Liquidity Facility, the Primary Liquidity Facility or
      the
      Policy.

    

    Trust
      Supplement:
      Has the
      meaning specified in the first paragraph of this trust supplement.

    

    Trustee:
      Has the
      meaning specified in the first paragraph of this Trust Supplement.

    

    Underwriter:
      Means
      Morgan Stanley & Co. Incorporated. 

    

    Underwriting
      Agreement:
      Means
      the Underwriting Agreement dated as of May 24, 2006 between the Underwriter
      and
      the Company, as the same may be amended, supplemented or otherwise modified
      from
      time to time in accordance with its terms.

    

    

    ARTICLE
      III

    [INTENTIONALLY
      OMITTED]

    

    

    ARTICLE
      IV

    STATEMENTS
      TO APPLICABLE CERTIFICATEHOLDERS

    

    Section 4.01.
      [Reserved].

    

    Section 4.02.
Statements
      to Applicable Certificateholders.
      (a)  On each Distribution Date, the Trustee will include with each
      distribution to Applicable Certificateholders of a Scheduled Payment or Special
      Payment, as the case may be, a statement setting forth the information provided
      below. Such statement shall set forth (per $1,000 face amount Applicable
      Certificate as to (ii) and (iii) below) the following information:

     

    (i) the
      aggregate amount of funds distributed on such Distribution Date under the
      Agreement, indicating the amount allocable to each source, including any portion
      thereof withdrawn from the Above-Cap Account or paid by the Primary Liquidity
      Provider or the Policy Provider;

     

    (ii) the
      amount of such distribution under the Agreement allocable to principal and
      the
      amount allocable to Premium and Break Amount, if any;

     

    (iii) the
      amount of such distribution under the Agreement allocable to
      interest;

     

    (iv) the
      Pool
      Balance and the Pool Factor; and

     

    (v) the
      LIBOR
      rates and the resulting Stated Interest Rate on the Applicable Certificates
      for
      the current and immediately preceding Interest Periods.

    
      
        
        

      

      
        8

        
          

        

      

      
        BACK

      

    

    With
      respect to the Applicable Certificates registered in the name of a Clearing
      Agency or its nominee, on the Record Date prior to each Distribution Date,
      the
      Trustee will request from such Clearing Agency a securities position listing
      setting forth the names of all Clearing Agency Participants reflected on such
      Clearing Agency’s books as holding interests in the Applicable Certificates on
      such Record Date. On each Distribution Date, the Trustee will mail to each
      such
      Clearing Agency Participant the statement described above and will make
      available additional copies as requested by such Clearing Agency Participant
      for
      forwarding to holders of interests in the Applicable Certificates.

     

    (b) Within
      a
      reasonable period of time after the end of each calendar year but not later
      than
      the latest date permitted by law, the Trustee shall furnish to each Person
      who
      at any time during such calendar year was an Applicable Certificateholder of
      record a statement containing the sum of the amounts determined pursuant to
      clauses (a)(i), (a)(ii) and (a)(iii) above for such calendar year or, in
      the event such Person was an Applicable Certificateholder of record during
      a
      portion of such calendar year, for such portion of such calendar year, and
      such
      other items as are readily available to the Trustee and which an Applicable
      Certificateholder shall reasonably request as necessary for the purpose of
      such
      Applicable Certificateholder’s preparation of its U.S. federal income tax
      returns. Such statement and such other items shall be prepared on the basis
      of
      information supplied to the Trustee by the Clearing Agency Participants and
      shall be delivered by the Trustee to such Clearing Agency Participants to be
      available for forwarding by such Clearing Agency Participants to the holders
      of
      interests in the Applicable Certificates in the manner described in
      Section 4.02(a) of this Trust Supplement.

     

    (c) Promptly
      following the date of any early redemption or purchase of, or any default in
      the
      payment of principal or interest in respect of, any of the Equipment Notes
      held
      in the Applicable Trust, the Trustee shall furnish to Applicable
      Certificateholders of record on such date a statement setting forth (x) the
      expected Pool Balances for each subsequent Regular Distribution Date,
      (y) the related Pool Factors for such Regular Distribution Dates and
      (z) the expected principal distribution schedule of the Equipment Note held
      as Trust Property at the date of such notice. The Trustee will mail to each
      such
      Clearing Agency Participant the statement described above and will make
      available additional copies as requested by such Clearing Agency Participant
      for
      forwarding to holders of interests in the Applicable Certificates.

     

    (d) This
      Section 4.02 supersedes and replaces Section 4.03 of the Basic
      Agreement, with respect to the Applicable Trust.

     

    Section 4.03.
Distributions
      from Special Payments Account.

    

    (a) On
      each
      Special Distribution Date with respect to any Special Payment or as soon
      thereafter as the Trustee has confirmed receipt of any Special Payments due
      on
      the Equipment Note held (subject to the Intercreditor Agreement) in the
      Applicable Trust or realized upon the sale of such Equipment Note, the Trustee
      shall distribute out of the Special Payments Account the entire amount of such
      Special Payment deposited therein pursuant to Section 4.01(b) of the Basic
      Agreement. There shall be so distributed to each Applicable Certificateholder
      of
      record on the Record Date with respect to such Special Distribution Date (other
      than as provided in Section 11.01 of the Basic Agreement concerning the final
      distribution) by check mailed to such Applicable Certificateholder, at the
      address appearing in the Register, such Applicable

    
      
        
        

      

      
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    Certificateholder’s
      pro rata share (based on the Fractional Undivided Interest in the Applicable
      Trust held by such Applicable Certificateholder) of the total amount in the
      Special Payments Account on account of such Special Payment, except that, with
      respect to Applicable Certificates registered on the Record Date in the name
      of
      a Clearing Agency (or its nominee), such distribution shall be made by wire
      transfer in immediately available funds to the account designated by such
      Clearing Agency (or such nominee).

     

    (b) The
      Trustee shall, at the expense of the Company, cause notice of each Special
      Payment to be mailed to each Applicable Certificateholder at his address as
      it
      appears in the Register. In the event of redemption or purchase of the Equipment
      Note held in the Applicable Trust, such notice shall be mailed not less than
      15
      days prior to the Special Distribution Date for the Special Payment resulting
      from such redemption or purchase, which Special Distribution Date shall be
      the
      date of such redemption or purchase. In the case of any distribution pursuant
      to
      Section 3.6(c) or Section 3.6(e) of the Intercreditor Agreement, the
      Trustee will mail notice to the Applicable Certificateholders not less than
      15
      days prior to the Special Distribution Date determined for such distribution.
      In
      the case of any other Special Payments, such notice shall be mailed as soon
      as
      practicable after the Trustee has confirmed that it has received funds for
      such
      Special Payment, stating the Special Distribution Date for such Special Payment
      which shall occur not less than 15 days after the date of such notice and as
      soon as practicable thereafter. Notices mailed by the Trustee shall set
      forth:

     

    (i) the
      Special Distribution Date and the Record Date therefor (except as otherwise
      provided in Section 11.01 of the Basic Agreement),

     

    (ii) the
      amount of the Special Payment for each $1,000 face amount Applicable Certificate
      and the amount thereof constituting principal, Premium or Break Amount, if
      any,
      and interest,

     

    (iii) the
      reason for the Special Payment, and

     

    (iv) if
      the
      Special Distribution Date is the same date as a Regular Distribution Date,
      the
      total amount to be received on such date for each $1,000 face amount Applicable
      Certificate.

     

    If
      the
      amount of Premium or Break Amount, if any, payable upon the redemption or
      purchase of the Equipment Note has not been calculated at the time that the
      Trustee mails notice of a Special Payment, it shall be sufficient if the notice
      sets forth the other amounts to be distributed and states that any Premium
      or
      Break Amount received will also be distributed.

     

    If
      any
      redemption of the Equipment Note held in the Applicable Trust is canceled,
      the
      Trustee, as soon as possible after learning thereof, shall cause notice thereof
      to be mailed to each Applicable Certificateholder at its address as it appears
      on the Register.

     

    (c) This
      Section 4.03 supersedes and replaces Section 4.02(b) and
      Section 4.02(c) of the Basic Agreement in their entirety, with respect to
      the Applicable Trust.

     

    Section 4.04.
Limitation
      of Liability for Payments.
      Section 3.09 of the Basic Agreement shall be amended, with respect to the
      Applicable Trust, by deleting the phrase “the

    
      
        
        

      

      
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    Owner
      Trustees or the Owner Participants” in the second sentence thereof and adding in
      lieu thereof “the Above-Cap Liquidity Provider, the Primary Liquidity Provider
      or the Policy Provider”.

     

    ARTICLE
      V

    DEFAULT

    

    Section 5.01.
Purchase
      Rights of Certificateholders; Election to Terminate Policy.
      (a) By
      acceptance of its Applicable Certificate, each Applicable Certificateholder
      agrees that at any time after the occurrence and during the continuation of
      a
      Triggering Event, each Class B Certificateholder (other
      than the Company or any of its Affiliates)
      shall
      have the right to purchase all, but not less than all, of the Applicable
      Certificates upon ten days’ written notice to the Trustee and each other
      Class B Certificateholder, provided
      that
      (i) if prior to the end of such ten-day period any other Class B
      Certificateholder (other than the Company or any of its Affiliates) notifies
      such purchasing Class B Certificateholder that such other Class B
      Certificateholder (other than the Company or any of its Affiliates) wants to
      participate in such purchase, then such other Class B Certificateholder may
      join with the purchasing Class B Certificateholder (any such purchasing
      Class B Certificateholders shall be collectively referred to herein as the
“Class B
      Purchasers”)
      to
      purchase all, but not less than all, of the Applicable Certificates based on
      the
      ratio of the Fractional Undivided Interest in the Class B Trust held by
      each such Class B Purchaser to the Fractional Undivided Interests in the
      Class B Trust held by all of the Class B Purchasers and (ii) if
      prior to the end of such ten-day period any other Class B Certificateholder
      fails to notify the Class B Purchasers of such other Class B
      Certificateholder’s desire to participate in such a purchase, then such other
      Class B Certificateholder shall lose its right to purchase the Applicable
      Certificates pursuant to this Section 5.01(a). In addition, following the
      exercise by the Class B Purchasers of their right to purchase the
      Applicable Certificates, the Applicable Certificateholders shall have the right
      to elect upon 20 days’ written notice to the Trustee, the Policy Provider and
      each other Applicable Certificateholder to surrender the Policy to the Policy
      Provider for cancellation (thereby releasing the Policy Provider from its
      obligations under the Policy) and to pay (or cause to be paid) both of the
      following: (i) to the Policy Provider, to the extent not paid otherwise, all
      Policy Provider Amounts (other than Certain Excess Reimbursement Obligations)
      and (ii) to the Primary Liquidity Provider all outstanding Liquidity
      Obligations. If any of the Applicable Certificateholders (the “Non-Participating
      Certificateholders”)
      fails
      to elect to surrender the Policy and make such payments or fails to notify
      the
      Applicable Certificateholders making such election (together with any Applicable
      Certificateholders joining in such election, the “Participating
      Certificateholders”)
      prior
      to the end of such 20-day period of their intention to join with the
      Participating Certificateholders in surrendering the Policy to the Policy
      Provider for cancellation (thereby releasing the Policy Provider from its
      obligations under the Policy) and making such payments, the Participating
      Certificateholders shall have the right to purchase all, but not less than
      all,
      of the Applicable Certificates held by the Non-Participating Certificateholders,
      pro rata based on the ratio of the Fractional Undivided Interest in the
      Applicable Trust held by each such Participating Certificateholder to the
      Fractional Undivided Interests in the Applicable Trust held by all Participating
      Certificateholders and, following the consummation of such purchase, to make
      the
      election to surrender the Policy and make such payments (it
      being
      understood and agreed that the Policy may be surrendered if and only if the
      Participating Certificateholders hold

     

    
      
        
        

      

      
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    all,
      but
      not less than all of the Applicable Certificates, and unanimously elect to
      so
      surrender the Policy and make such payments, in each case, whether initially
      or
      following the purchase of Applicable Certificates from Non-Participating
      Certificateholders).
      Payment
      of the purchase price of all the Applicable Certificates held by
      Non-Participating Certificateholders and the payment of all Policy Provider
      Amounts (other than Certain Excess Reimbursement Obligations) and Liquidity
      Obligations shall, in each case, be made by the Participating Certificateholders
      based on the ratio of the Fractional Undivided Interest in the Applicable Trust
      held by each such Participating Certificateholder to the Fractional Undivided
      Interests in the Applicable Trust held by all Participating Certificateholders.
      Following all such payments, the Trustee shall be subrogated to the rights
      of
      the Policy Provider and the Primary Liquidity Provider under the Operative
      Agreements and the Trustee shall direct the Subordination Agent to surrender
      (or
      cause the surrender of) the Policy to the Policy Provider for cancellation
      (thereby releasing the Policy Provider from its obligations under the Policy).
      Upon such surrender and payments, the Primary Liquidity Facility shall be
      terminated in accordance therewith. Following any such surrender of the Policy
      to the Policy Provider for cancellation and payment of the Policy Provider
      Amounts (other than Certain Excess Reimbursement Obligations) and the Liquidity
      Obligations, the Applicable Certificates shall no longer be entitled to the
      benefits of the Policy or the Primary Liquidity Facility. 

     

    (b) By
      acceptance of its Applicable Certificate, each Applicable Certificateholder
      agrees that, in the event that (i) none of the Class B Certificateholders has
      elected to exercise its right to purchase pursuant to clause (a) above or (ii)
      any Class B Certificateholder has so elected to exercise such right, but has
      not
      exercised its right to surrender the Policy pursuant to clause (a) above, the
      Policy Provider, if it is then the Controlling Party and no Policy Provider
      Default shall have occurred and be continuing and 120 days have elapsed since
      the occurrence of a Triggering Event that is continuing, shall have the right
      to
      purchase all, but not less than all, of the Applicable Certificates upon 20
      days’ written notice to the Trustee, the Other Trustee and the Applicable
      Certificateholders; provided, that upon receipt of any such purchase notice,
      the
      Applicable Certificateholders shall have the right to elect upon written notice
      to the Trustee, the Policy Provider and all of the other Applicable
      Certificateholders given prior to the end of such 20-day period to surrender
      the
      Policy to the Policy Provider for cancellation (thereby releasing the Policy
      Provider from its obligations under the Policy) and to pay (or cause to be
      paid)
      both of the following: (i) to the Policy Provider, to the extent not paid
      otherwise, all Policy Provider Amounts (other than Certain Excess Reimbursement
      Obligations) and (ii) to the Primary Liquidity Provider all outstanding
      Liquidity Obligations. If any of the Applicable Certificateholders (the
“Non-Participating
      Class G Certificateholders”)
      fails
      to make such election or fails to notify the Applicable Certificateholders
      making such election (together with any Applicable Certificateholders joining
      in
      such election, the “Participating
      Class G Certificateholders”)
      prior
      to the end of such 20-day period of its intention to join with such
      Participating Class G Certificateholders in surrendering the Policy and making
      such payments, the Participating Class G Certificateholders shall have the
      right
      to purchase all, but not less than all, of the Applicable Certificates held
      by
      such Non-Participating Class G Certificateholders, pro rata based on the ratio
      of the Fractional Undivided Interest in the Applicable Trust held by each such
      Participating Class G Certificateholder to the total Fractional Undivided
      Interests in the Applicable Trust held by all Participating Class G
      Certificateholders, and, following the consummation of such purchase, to make
      the election to surrender the Policy in the manner provided in the immediately
      preceding sentence and make such payments (it being understood

    
      
        
        

      

      
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    and
      agreed that the Policy may only be surrendered if and only if the Participating
      Class G Certificateholders hold all, but not less than all of the Applicable
      Certificates whether initially or following the purchase of Applicable
      Certificates, and unanimously elect to so surrender the Policy and make such
      payments, in each case, whether initially or following the purchase of the
      Applicable Certificates from Non-Participating Class G Certificateholders from
      Non-Participating Class G Certificateholders). Payment of the purchase price
      of
      all Applicable Certificates held by Non-Participating Class G Certificateholders
      and the payment of the Policy Provider Amounts (other than Certain Excess
      Reimbursement Obligations) and Liquidity Obligations shall, in each case, be
      made by the Participating Class G Certificateholders based on the ratio of
      the
      Fractional Undivided Interest in the Applicable Trust held by each such
      Participating Class G Certificateholder to the total Fractional Undivided
      Interests in the Applicable Trust held by all Participating Class G
      Certificateholders. Following all such payments, the Trustee shall direct the
      Subordination Agent to surrender or cause the surrender of the Policy to the
      Policy Provider for cancellation (thereby releasing the Policy Provider from
      its
      obligations under the Policy). Upon such surrender and payments, the Primary
      Liquidity Facility shall be terminated in accordance therewith. Following any
      such surrender of the Policy to the Policy Provider for cancellation and payment
      of the Policy Provider Amounts (other than Certain Excess Reimbursement
      Obligations) and the Liquidity Obligations, the Applicable Certificates shall
      no
      longer be entitled to the benefits of the Policy or the Primary Liquidity
      Facility.

     

    The
      purchase price with respect to the Applicable Certificates shall be equal to
      the
      Pool Balance of the Applicable Certificates, together with accrued and unpaid
      interest thereon to the date of such purchase, without Premium or Break Amount,
      but including any other amounts then due and payable to the Applicable
      Certificateholders under the Agreement, the Intercreditor Agreement or any
      Note
      Document or on or in respect of the Applicable Certificates; provided,
      however,
      that no
      such purchase of Applicable Certificates shall be effective unless the
      purchaser(s) shall certify to the Trustee that contemporaneously with such
      purchase, such purchaser(s) is (are) purchasing, pursuant to the terms of the
      Agreement and, in the case of any purchase of the Applicable Certificates
      pursuant to clause (a) of this Section 5.01 and the Other Agreement,
      all of the Applicable Certificates. Each payment of the purchase price of the
      Applicable Certificates referred to in the first sentence hereof shall be made
      to an account or accounts designated by the Trustee and each such purchase
      shall
      be subject to the terms of this Section 5.01. Each Applicable
      Certificateholder agrees by its acceptance of its Applicable Certificate that
      (at any time after the occurrence and during the continuation of a Triggering
      Event) it will, upon payment from such Class B Purchasers, Participating
      Class G Certificateholders or the Policy Provider, as the case may be, of the
      purchase price set forth in the first sentence of this paragraph,
      (i) forthwith sell, assign, transfer and convey to the purchaser(s) thereof
      (without recourse, representation or warranty of any kind except for its own
      acts), all of the right, title, interest and obligation of such Applicable
      Certificateholder in the Agreement, the Intercreditor Agreement, the Above-Cap
      Liquidity Facility, the Primary Liquidity Facility, the Policy, the Note
      Documents and all Applicable Certificates held by such Applicable
      Certificateholder (excluding all right, title and interest under any of the
      foregoing to the extent such right, title or interest is with respect to an
      obligation not then due and payable as respects any action or inaction or state
      of affairs occurring prior to such sale) (and the purchaser shall assume all
      of
      such Applicable Certificateholder’s obligations under the Agreement, the
      Intercreditor Agreement, the Above-Cap Liquidity Facility, the Primary Liquidity
      Facility, the Policy, the Note Documents and all such Applicable Certificates)
      and (ii) if such purchase occurs

    
      
        
        

      

      
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    after
      a
      Record Date relating to any distribution and prior to or on the related
      Distribution Date, forthwith turn over to the purchaser(s) of its Applicable
      Certificate all amounts, if any, received by it on account of such distribution.
      The Applicable Certificates will be deemed to be purchased on the date payment
      of the purchase price is made notwithstanding the failure of the Applicable
      Certificateholders to deliver any Applicable Certificates and, upon such a
      purchase, (I) the only rights of the Applicable Certificateholders will be
      to deliver the Applicable Certificates to the purchaser(s) and receive the
      purchase price for such Applicable Certificates and (II) if the
      purchaser(s) shall so request, such Applicable Certificateholder will comply
      with all the provisions of Section 3.04 of the Basic Agreement to enable
      new Applicable Certificates to be issued to the purchaser in such denominations
      as it shall request. All charges and expenses in connection with the issuance
      of
      any such new Applicable Certificates shall be borne by the purchaser
      thereof.

     

    As
      used
      in this Section 5.01 and elsewhere in this Trust Supplement, the terms
“Class B Certificateholder”, “Class B Trust” and “Class B
      Trustee” shall have the respective meanings assigned to such terms in the
      Intercreditor Agreement.

     

    (c) By
      their
      acceptance of the Applicable Certificates, the Applicable Certificateholders
      hereby agree that the surrender of the Policy to the Policy Provider for
      cancellation as contemplated in clauses (a) and (b) of this Section 5.01 shall
      (i) constitute an acknowledgment that the Applicable Certificates are no longer
      entitled to the benefits of Section 3.6 of the Intercreditor Agreement and
      (ii)
      without any further action by such Applicable Certificateholder, have the
      immediate effect of releasing the Policy Provider from its obligations under
      the
      Policy.

     

    (d) This
      Section 5.01 supersedes and replaces Section 6.01(b) of the Basic
      Agreement, with respect to the Applicable Trust.

     

    Section 5.02.
Amendment
      of Section 6.05 of the Basic Agreement.
      Section 6.05 of the Basic Agreement shall be amended, with respect to the
      Applicable Trust, by deleting the phrase “and thereby annul any Direction given
      by such Certificateholders or the Trustee to such Loan Trustee with respect
      thereto,” set forth in the first sentence thereof.

     

    ARTICLE
      VI

    THE
      TRUSTEE

    

    Section 6.01.
Delivery
      of Documents; Delivery Dates.
      (a)  The Trustee is hereby directed (i) to execute and deliver
      the Intercreditor Agreement and the NPA on or prior to the Issuance Date, each
      in the form delivered to the Trustee by the Company, and (ii) subject to
      the respective terms thereof, to perform its obligations thereunder. Upon
      request of the Company and the satisfaction or waiver of the closing conditions
      specified in the Underwriting Agreement, the Trustee shall execute, deliver,
      authenticate, issue and sell Applicable Certificates in authorized denominations
      equaling in the aggregate the amount set forth, with respect to the Applicable
      Trust, in Schedule I to the Underwriting Agreement evidencing the entire
      ownership interest in the Applicable Trust, which amount equals the maximum
      aggregate principal amount of Equipment Notes which may be purchased by the
      Trustee pursuant to the NPA. Except as provided in Sections 3.03, 3.04,
      3.05 and 3.06 of the Basic Agreement, the Trustee shall not

    
      
        
        

      

      
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    execute,
      authenticate or deliver Applicable Certificates in excess of the aggregate
      amount specified in this paragraph. The provisions of this Section 6.01(a)
      supersede and replace the first sentence of Section 3.02(a) of the Basic
      Agreement, with respect to the Applicable Trust.

     

    (b) All
      provisions of the Basic Agreement relating to Postponed Notes and
      Section 2.02 of the Basic Agreement shall not apply to the Applicable
      Trust.

     

    (c) The
      Trustee acknowledges its acceptance of all right, title and interest in and
      to
      the Trust Property to be acquired pursuant to the NPA, and declares that it
      holds and will hold such right, title and interest for the benefit of all
      present and future Applicable Certificateholders, upon the trusts set forth
      in
      the Agreement. By its acceptance of an Applicable Certificate, each initial
      Applicable Certificateholder, as a grantor of the Applicable Trust, joins with
      the Trustee in the creation of the Applicable Trust. The provisions of this
      Section 6.01(c) supersede and replace the provisions of Section 2.03
      of the Basic Agreement, with respect to the Applicable Trust.

     

    Section 6.02.
The
      Trustee.
      (a)  Subject to Section 6.03 of this Trust Supplement and
      Section 7.15 of the Basic Agreement, the Trustee shall not be responsible
      in any manner whatsoever for or in respect of the validity or sufficiency of
      this Trust Supplement or the NPA or the due execution hereof or thereof by
      the
      Company or the other parties thereto (other than the Trustee), or for or in
      respect of the recitals and statements contained herein or therein, all of
      which
      recitals and statements are made solely by the Company, except that the Trustee
      hereby represents and warrants that each of this Trust Supplement, the Basic
      Agreement, each Applicable Certificate, the Intercreditor Agreement and the
      NPA
      has been executed and delivered by one of its officers who is duly authorized
      to
      execute and deliver such document on its behalf.

     

    (b) Except
      as
      herein otherwise provided and except during the continuation of an Event of
      Default in respect of the Applicable Trust created hereby, no duties,
      responsibilities or liabilities are assumed, or shall be construed to be
      assumed, by the Trustee by reason of this Trust Supplement other than as set
      forth in the Agreement, and this Trust Supplement is executed and accepted
      on
      behalf of the Trustee, subject to all the terms and conditions set forth in
      the
      Agreement, as fully to all intents as if the same were herein set forth at
      length.

     

    Section 6.03.
Representations
      and Warranties of the Trustee.
      The
      Trustee hereby represents and warrants that:

     

    (a) the
      Trustee has full power, authority and legal right to execute, deliver and
      perform this Trust Supplement, the Intercreditor Agreement and the Note
      Documents to which it is or is to become a party and has taken all necessary
      action to authorize the execution, delivery and performance by it of this Trust
      Supplement, the Intercreditor Agreement and the Note Documents to which it
      is or
      is to become a party;

     

    (b) the
      execution, delivery and performance by the Trustee of this Trust Supplement,
      the
      Intercreditor Agreement and the Note Documents to which it is or is to become
      a
      party (i) will not violate any provision of any United States federal law
      or the law of the state of the United States where it is located governing
      the
      banking and trust

    
      
        
        

      

      
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    powers
      of
      the Trustee or any order, writ, judgment, or decree of any court, arbitrator
      or
      governmental authority applicable to the Trustee or any of its assets,
      (ii) will not violate any provision of the articles of association or
      by-laws of the Trustee, and (iii) will not violate any provision of, or
      constitute, with or without notice or lapse of time, a default under, or result
      in the creation or imposition of any lien on any properties included in the
      Trust Property pursuant to the provisions of any mortgage, indenture, contract,
      agreement or other undertaking to which it is a party, which violation, default
      or lien could reasonably be expected to have an adverse effect on the Trustee’s
      performance or ability to perform its duties hereunder or thereunder or on
      the
      transactions contemplated herein or therein;

     

    (c) the
      execution, delivery and performance by the Trustee of this Trust Supplement,
      the
      Intercreditor Agreement and the Note Documents to which it is or is to become
      a
      party will not require 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, any governmental authority or agency of the United States or the
      state of the United States where it is located regulating the banking and
      corporate trust activities of the Trustee; and

     

    (d) this
      Trust Supplement, the Intercreditor Agreement and the Note Documents to which
      it
      is or is to become a party have been, or will be, as applicable, duly executed
      and delivered by the Trustee and constitute, or will constitute, as applicable,
      the legal, valid and binding agreements of the Trustee, enforceable against
      it
      in accordance with their respective terms; provided,
      however,
      that
      enforceability may be limited by (i) applicable bankruptcy, insolvency,
      reorganization, moratorium or similar laws affecting the rights of creditors
      generally and (ii) general principles of equity.

     

    Section 6.04.Trustee
      Liens.
      The
      Trustee in its individual capacity agrees, in addition to the agreements
      contained in Section 7.17 of the Basic Agreement, that it will at its own
      cost and expense promptly take any action as may be necessary to duly discharge
      and satisfy in full any Trustee’s Liens on or with respect to the Trust Property
      which is attributable to the Trustee in its individual capacity and which is
      unrelated to the transactions contemplated by the Intercreditor Agreement or
      the
      NPA.

     

    ARTICLE
      VII

    ADDITIONAL
      AMENDMENTS; SUPPLEMENTAL AGREEMENTS

    

    Section 7.01.
Amendment
      of Section 2.01 of the Basic Agreement.
      Section 2.01(b) of the Basic Agreement shall be amended, with respect to
      the Applicable Trust, by replacing the phrase “related Aircraft” in
      clause (11) thereof with the phrase “related Pledged Spare
      Parts”.

     

    Section 7.02.
Amendment
      of Section 2.04 of the Basic Agreement.
      Section 2.04 of the Basic Agreement shall be amended, with respect to the
      Applicable Trust, by replacing the term “Aircraft” with the term “Pledged Spare
      Parts” in both locations where the term “Aircraft” appears.

    
      
        
        

      

      
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    Section 7.03.
Amendment
      of Section 5.02 of the Basic Agreement.
      Section 5.02(a) of the Basic Agreement shall be amended in its entirety,
      with respect to the Applicable Trust, to read as follows:

     

    “(a) the
      corporation formed by such consolidation or into which the Company is merged
      or
      the Person that acquires by conveyance, transfer or lease substantially all
      of
      the assets of the Company as an entirety shall be (i) organized and validly
      existing under the laws of the United States of America or any state thereof
      or
      the District of Columbia, (ii) a “citizen of the United States” as defined
      in 49 U.S.C. § 40102(a)(15), as amended, and (iii) a United States
      certificated air carrier, if and so long as such status is a condition of
      entitlement to the benefits of Section 1110 of the Bankruptcy Reform Act of
      1978, as amended (11 U.S.C. § 1110), with respect to the Pledged Spare
      Parts;”.

     

    Section 7.04.
Amendment
      of Section 6.05 of the Basic Agreement.
      Section 6.05(2) of the Basic Agreement shall be amended in its entirety,
      with respect to the Applicable Trust, to read as follows:

     

    “(2) in
      the
      payment of the principal of, Premium or Break Amount, if any, or interest on
      the
      Equipment Notes held in the Applicable Trust, or”.

     

    Section 7.05Amendment
      of Section 7.02 of the Basic Agreement.
      Section 7.02 of the Basic Agreement shall be amended in its entirety, with
      respect to the Applicable Trust, to read as follows:

     

    “Section 7.02.
      Notice
      of Defaults.
      As
      promptly as practicable after, and in any event within 90 days after, the
      occurrence of any default (as such term is defined below) hereunder known to
      the
      Trustee, the Trustee shall transmit by mail to the Company, the Loan Trustee
      and
      the Applicable Certificateholders in accordance with Section 313(c) of the
      Trust Indenture Act, notice of such default hereunder known to the Trustee,
      unless such default shall have been cured or waived; provided,
      however,
      that,
      except in the case of a default in the payment of the principal, Premium, if
      any, Break Amount, if any, or interest on the Equipment Note, the Trustee shall
      be protected in withholding such notice if and so long as the board of
      directors, the executive committee or a trust committee of directors and/or
      Responsible Officers of the Trustee in good faith shall determine that the
      withholding of such notice is in the interests of the Applicable
      Certificateholders. For the purpose of this Section 7.02 in respect of the
      Applicable Trust, the term “default”
means
      any event that is, or after notice or lapse of time or both would become, an
      Event of Default in respect of the Applicable Trust.”

     

    Section 7.06.
Supplemental
      Agreements Without Consent of Applicable Certificateholders.
      Without
      limitation of Section 9.01 of the Basic Agreement, under the terms of, and
      subject to the limitations contained in, Section 9.01 of the Basic
      Agreement, the Company may (but will not be required to), and the Trustee
      (subject to Section 9.03 of the Basic Agreement) shall, at the Company’s
      request, at any time and from time to time enter into one or more agreements
      supplemental to the NPA, the Reference Agency Agreement, the Policy or the
      Policy Provider Agreement for any of the purposes set forth in clauses (1)
      through (9) of such Section 9.01, and (without limitation of the foregoing
      or Section 9.01 of the Basic Agreement)

    
      
        
        

      

      
        17

        
          

        

      

      
        BACK

      

    

    (a) the
      reference in the introductory paragraph of Section 9.01 of the Basic
      Agreement to a “Liquidity Facility” shall be deemed to refer to “the Above-Cap
      Liquidity Facility and the Primary Liquidity Facility”,
      (b) clauses (2) and (3) of such Section 9.01 shall also be deemed
      to include the Company’s obligations under (in the case of clause (2)), and
      the Company’s rights and powers conferred by (in the case of clause (3)),
      the NPA, the Reference Agency Agreement, the Policy or the Policy Provider
      Agreement, and (c) references in clauses (4), (6) and (7) of such
      Section 9.01 to “any Intercreditor Agreement or any Liquidity Facility”
shall also be deemed to refer to “the Intercreditor Agreement, the Above-Cap
      Liquidity Facility, the Primary Liquidity Facility, the Reference Agency
      Agreement, the NPA, the Policy or the Policy Provider Agreement”.

     

    Section 7.07.
Supplemental
      Agreements with Consent of Applicable Certificateholders.
      Without
      limitation of Section 9.02 of the Basic Agreement, the provisions of
      Section 9.02 of the Basic Agreement shall apply to agreements or amendments
      for the purpose of adding any provisions to or changing in any manner or
      eliminating any of the provisions of the Above-Cap Liquidity Facility, the
      Primary Liquidity Facility, the Reference Agency Agreement, the NPA, the Policy
      or the Policy Provider Agreement or modifying in any manner the rights and
      obligations of the Applicable Certificateholders under the Above-Cap Liquidity
      Facility, the Primary Liquidity Facility, the Reference Agency Agreement, the
      NPA, the Policy or the Policy Provider Agreement.

     

    Section 7.08.
Consent
      of Holders of Certificates Issued under Other Trust.
      Notwithstanding any provision in Section 7.06 or Section 7.07 of this
      Trust Supplement to the contrary, no amendment or modification of
      Section 5.01 of this Trust Supplement shall be effective unless the Other
      Trustee of the Certificates issued by the Other Trust that are affected by
      such
      amendment or modification shall have consented thereto.

     

    Section 7.09.
Amendment
      of Section 12.11 of the Basic Agreement.
      Section 12.11 of the Basic Agreement shall be amended, with respect to the
      Applicable Trust, in its entirety to read as follows: “In any case where any
      Regular Distribution Date or Special Distribution Date relating to any
      Certificate of any series shall not be a Business Day with respect to such
      series, then (notwithstanding any other provision of this Agreement) payment
      need not be made on such date, but may be made on the next succeeding Business
      Day with the same force and effect as if made on such Regular Distribution
      Date
      or Special Distribution Date, and interest shall accrue during the intervening
      period.”

    

    ARTICLE
      VIII

    MISCELLANEOUS
      PROVISIONS

    

    Section 8.01.
Basic
      Agreement Ratified.
      Except
      and so far as herein expressly provided, all of the provisions, terms and
      conditions of the Basic Agreement are in all respects ratified and confirmed;
      and the Basic Agreement and this Trust Supplement shall be taken, read and
      construed as one and the same instrument. All replacements of provisions of,
      and
      other modifications of the Basic Agreement set forth in this Trust Supplement
      are solely with respect to the Applicable Trust.

    
      
        
        

      

      
        18

        
          

        

      

      
        BACK

      

    

    Section 8.02.
GOVERNING
      LAW.
      THE
      AGREEMENT AND THE APPLICABLE CERTIFICATES HAVE BEEN 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 AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES
      HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. THIS
      SECTION 8.02 SUPERSEDES AND REPLACES SECTION 12.05 OF THE BASIC
      AGREEMENT,
      WITH
      RESPECT TO THE APPLICABLE TRUST.

     

    Section 8.03.
Execution
      in Counterparts.
      This
      Trust Supplement may be executed in any number of counterparts, each of which
      shall be an original, but such counterparts shall together constitute but one
      and the same instrument.

     

    Section 8.04.
Intention
      of Parties.
      The
      parties hereto intend that the Applicable Trust be classified for U.S. federal
      income tax purposes as a grantor trust under Subpart E, Part I of Subchapter
      J
      of the Internal Revenue Code of 1986, as amended, and not as a trust or
      association taxable as a corporation or as a partnership. Each Applicable
      Certificateholder and Investor, by its acceptance of its Applicable Certificate
      or a beneficial interest therein, agrees to treat the Applicable Trust as a
      grantor trust for all U.S. federal, state and local income tax purposes. The
      powers granted and obligations undertaken pursuant to the Agreement shall be
      so
      construed so as to further such intent.

    
      
        
        

      

      
        19

        
          

        

      

      
        BACK

      

    

    IN
      WITNESS WHEREOF, the Company and the Trustee have caused this Trust Supplement
      to be duly executed by their respective officers thereto duly authorized, as
      of
      the day and year first written above.

    

    
      	 	 	 
	 	CONTINENTAL
              AIRLINES, INC.
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name:
	 	Title:

    

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        BACK

      

    

     

     

    
      	 	 	 
	 	
              WILMINGTON
                TRUST COMPANY,

                 
as
                Trustee

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name:
	 	Title:

    
      
        
           

        

        
        

      

      
        
        

        
          

        

      

      
        BACK

      

    

    

    EXHIBIT A

    

    FORM
      OF
      CERTIFICATE

    

    Certificate

    No.
            

    

    [UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO ISSUER OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IN
      EXCHANGE FOR THIS CERTIFICATE IS REGISTERED IN THE NAME OF CEDE & CO. OR IN
      SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND
      ANY
      PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
      AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
      FOR
      VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED
      OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]* 

     

    CONTINENTAL
      AIRLINES PASS THROUGH TRUST 2006-1G

    

    Continental
      Airlines

    Pass
      Through Certificates, Series 2006-1G

    Issuance
      Date: June 9, 2006

    

    Final
      Maturity Date: June 2, 2015

    

    Evidencing
      A Fractional Undivided Interest In The Continental Airlines Pass Through Trust
      2006-1G, The Property Of Which Shall Include An Equipment Note Secured By
      Pledged Spare Parts Owned By Continental Airlines, Inc.

     

    $____________
      Fractional Undivided Interest

    representing
      0.000526316% of the Trust per $1,000 face amount

    

    THIS
      CERTIFIES THAT            ,
      for
      value received, is the registered owner of a $__________ (______________________
      DOLLARS) Fractional Undivided Interest in the Continental Airlines Pass Through
      Trust, 2006-1G (the “Trust”)
      created by Wilmington Trust Company, as trustee (the “Trustee”),
      pursuant to a Pass Through Trust Agreement, dated as of

     

     

    
      

        

        
          *
            This
            legend to appear on Book-Entry Certificates to be deposited with the
            Depository
            Trust Company. 

        

      

      
        
          
             

          

          
          

        

        
          
          

          
            

          

        

        
          BACK

        
A-2

    

     

    September 25,
      1997 (the “Basic
      Agreement”),
      between the Trustee and Continental Airlines, Inc., a Delaware corporation
      (the
“Company”),
      as
      supplemented by Trust Supplement No. 2006-1G thereto, dated as of June 9,
      2006 (the “Trust
      Supplement”
and,
      together with the Basic Agreement, the “Agreement”),
      between the Trustee and the Company, a summary of certain of the pertinent
      provisions of which is set forth below. To the extent not otherwise defined
      herein, the capitalized terms used herein have the meanings assigned to them
      in
      the Agreement. This Certificate is one of the duly authorized Certificates
      designated as “Continental Airlines Pass Through Certificates,
      Series 2006-1G” (herein called the “Certificates”).
      This
      Certificate is issued under and is subject to the terms, provisions and
      conditions of the Agreement. By virtue of its acceptance hereof, the holder
      of
      this Certificate (the “Certificateholder”
and,
      together with all other holders of Certificates issued by the Trust, the
“Certificateholders”)
      assents to and agrees to be bound by the provisions of the Agreement and the
      Intercreditor Agreement. The property of the Trust includes an Equipment Note
      and all rights of the Trust to receive payments under the Intercreditor
      Agreement, the NPA, the Policy, the Above-Cap Liquidity Facility and the Primary
      Liquidity Facility (the “Trust
      Property”).
      The
      Equipment Note is secured by, among other things, a security interest in certain
      aircraft spare parts owned by the Company.

    

    The
      Certificates represent Fractional Undivided Interests in the Trust and the
      Trust
      Property and have no rights, benefits or interest in respect of any other
      separate trust established pursuant to the terms of the Basic Agreement for
      any
      other series of certificates issued pursuant thereto.

    

    Subject
      to and in accordance with the terms of the Agreement and the Intercreditor
      Agreement, from funds then available to the Trustee, there will be distributed
      on March 2, June 2, September 2 and December 2 of each year (or, in any such
      case, if not a Business Day, the next succeeding Business Day) (each, a
“Regular
      Distribution Date”)
      commencing on September 2, 2006, to the Person in whose name this Certificate
      is
      registered at the close of business on the 15th day preceding the Regular
      Distribution Date, an amount in respect of the Scheduled Payments on the
      Equipment Note due on such Regular Distribution Date, the receipt of which
      has
      been confirmed by the Trustee, equal to the product of the percentage interest
      in the Trust evidenced by this Certificate and an amount equal to the sum of
      such Scheduled Payments. Subject to and in accordance with the terms of the
      Agreement and the Intercreditor Agreement, in the event that Special Payments
      on
      the Equipment Note are received by the Trustee, from funds then available to
      the
      Trustee, there shall be distributed on the applicable Special Distribution
      Date,
      to the Person in whose name this Certificate is registered at the close of
      business on the 15th day preceding the Special Distribution Date, an amount
      in respect of such Special Payments on the Equipment Note, the receipt of which
      has been confirmed by the Trustee, equal to the product of the percentage
      interest in the Trust evidenced by this Certificate and an amount equal to
      the
      sum of such Special Payments so received. If a Special Distribution Date is
      not
      a Business Day, distribution shall be made on the immediately following Business
      Day with the same force and effect as if made on such Special Distribution
      Date
      and interest shall accrue during the intervening period. The Trustee shall
      mail
      notice of each Special Payment and the Special Distribution Date therefor to
      the
      Certificateholder of this Certificate.

    
       

      
        

          
            
              
                 

              

              
              

            

            
              
              

              
                

              

            

            
              BACK

            
A-3

           

        

      

    

    Distributions
      on this Certificate will be made by the Trustee by check mailed to the Person
      entitled thereto, without presentation or surrender of this Certificate or
      the
      making of any notation hereon, except that with respect to Certificates
      registered on the Record Date in the name of a Clearing Agency (or its nominee),
      such distribution shall be made by wire transfer. Except as otherwise provided
      in the Agreement and notwithstanding the above, the final distribution on this
      Certificate will be made after notice mailed by the Trustee of the pendency
      of
      such distribution and only upon presentation and surrender of this Certificate
      at the office or agency of the Trustee specified in such notice.

    

    The
      Certificates do not represent a direct obligation of, or an obligation
      guaranteed by, or an interest in, the Company or the Trustee or any affiliate
      thereof. The Certificates are limited in right of payment, all as more
      specifically set forth on the face hereof and in the Agreement. All payments
      or
      distributions made to Certificateholders under the Agreement shall be made
      only
      from the Trust Property and only to the extent that the Trustee shall have
      sufficient income or proceeds from the Trust Property to make such payments
      in
      accordance with the terms of the Agreement. Each Certificateholder of this
      Certificate, by its acceptance hereof, agrees that it will look solely to the
      income and proceeds from the Trust Property to the extent available for
      distribution to such Certificateholder as provided in the Agreement. This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for information with respect to the interests, rights, benefits,
      obligations, privileges, and duties evidenced hereby. A copy of the Agreement
      may be examined during normal business hours at the principal office of the
      Trustee, and at such other places, if any, designated by the Trustee, by any
      Certificateholder upon request.

    

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Company and
      the rights of the Certificateholders under the Agreement at any time by the
      Company and the Trustee with the consent of the Certificateholders holding
      Certificates evidencing Fractional Undivided Interests aggregating not less
      than
      a majority in interest in the Trust. Any such consent by the Certificateholder
      of this Certificate shall be conclusive and binding on such Certificateholder
      and upon all future Certificateholders of this Certificate and of any
      Certificate issued upon the transfer hereof or in exchange hereof or in lieu
      hereof whether or not notation of such consent is made upon this Certificate.
      The Agreement also permits the amendment thereof, in certain limited
      circumstances, without the consent of the Certificateholders of any of the
      Certificates.

    

    As
      provided in the Agreement and subject to certain limitations set forth therein,
      the transfer of this Certificate is registrable in the Register upon surrender
      of this Certificate for registration of transfer at the offices or agencies
      maintained by the Trustee in its capacity as Registrar, or by any successor
      Registrar, duly endorsed or accompanied by a written instrument of transfer
      in
      form satisfactory to the Trustee and the Registrar, duly executed by the
      Certificateholder hereof or such Certificateholder’s attorney duly authorized in
      writing, and thereupon one or more new Certificates of authorized denominations
      evidencing the same aggregate Fractional Undivided Interest in the Trust will
      be
      issued to the designated transferee or transferees.

     

    
      

        
          
            
               

            

            
            

          

          
            
            

            
              

            

          

          
            BACK

          
A-4

         

      

    

    The
      Certificates are issuable only as registered Certificates without coupons in
      minimum denominations of $1,000 Fractional Undivided Interest or integral
      multiples of $1,000 in excess thereof, except that one Certificate may be issued
      in a different denomination. As provided in the Agreement and subject to certain
      limitations therein set forth, the Certificates are exchangeable for new
      Certificates of authorized denominations evidencing the same aggregate
      Fractional Undivided Interest in the Trust, as requested by the
      Certificateholder surrendering the same.

    

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee shall require payment of a sum sufficient to cover any tax
      or
      governmental charge payable in connection therewith.

    

    Each
      Certificateholder and Investor, by its acceptance of this Certificate or a
      beneficial interest herein, agrees to treat the Trust as a grantor trust for
      all
      U.S. federal, state and local income tax purposes.

    

    The
      Trustee, the Registrar, and any agent of the Trustee or the Registrar may treat
      the person in whose name this Certificate is registered as the owner hereof
      for
      all purposes, and neither the Trustee, the Registrar nor any such agent shall
      be
      affected by any notice to the contrary.

    

    The
      obligations and responsibilities created by the Agreement and the Trust created
      thereby shall terminate upon the distribution to Certificateholders of all
      amounts required to be distributed to them pursuant to the Agreement and the
      disposition of all property held as part of the Trust Property.

    

    Any
      Person acquiring or accepting this Certificate or an interest herein will,
      by
      such acquisition or acceptance, be deemed to have represented and warranted
      to
      and for the benefit of the Company that either: (i) the assets of an
      employee benefit plan subject to Title I of the Employee Retirement Income
      Security Act of 1974, as amended (“ERISA”),
      or of
      a plan subject to Section 4975 of the Internal Revenue Code of 1986, as
      amended (the “Code”),
      have
      not been used to purchase this Certificate or an interest herein or
      (ii) the purchase and holding of this Certificate or an interest herein are
      exempt from the prohibited transaction restrictions of ERISA and the Code
      pursuant to one or more prohibited transaction statutory or administrative
      exemptions.

    

    THE
      AGREEMENT AND THIS CERTIFICATE HAVE BEEN 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 AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
      SHALL
      BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

    

    Unless
      the certificate of authentication hereon has been executed by the Trustee,
      by
      manual signature, this Certificate shall not be entitled to any benefit under
      the Agreement or be valid for any purpose.

     

    
      

        
          
            
               

            

            
            

          

          
            
            

            
              

            

          

          
            BACK

          
A-5

         

      

    

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

    

    
      	 	 	 
	 	
              CONTINENTAL
                AIRLINES PASS THROUGH

              TRUST
                2006-1G 

            
	 	 	 
	 	By:	
              WILMINGTON
                TRUST COMPANY,

              as
                Trustee

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name:
	 	Title:

    

     

    
      

        
          
            
               

            

            
            

          

          
            
            

            
              

            

          

          
            BACK

          
A-6

         

      

    

    FORM
      OF
      THE TRUSTEE’S CERTIFICATE OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

    

    
      	 	 	 
	 	
              WILMINGTON
                TRUST COMPANY,

                 
as
                Trustee

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name:
	 	Title:

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        BACK

      

    

     

    EXHIBIT B

    

    DTC
      Letter of RepresentationsTrust Supplement 2006-1B, dated as of June 9, 2006

     

    

    

    TRUST
      SUPPLEMENT No. 2006-1B

     

    Dated
      as
      of June 9, 2006

     

     

    between

     

    
 

    WILMINGTON
      TRUST COMPANY

    as
      Trustee,

     

    
 

    and

     

    
 

    CONTINENTAL
      AIRLINES, INC.

     

    to

    

    PASS
      THROUGH TRUST AGREEMENT

    Dated
      as
      of September 25, 1997

    

    $130,000,000

    

    Continental
      Airlines Pass Through Trust 2006-1B

    LIBOR
      +
      3.125% 

    Continental
      Airlines

    Pass
      Through Certificates,

    Series 2006-1B

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    TABLE
      OF CONTENTS

      

      Page

    

    
      

        
          	
                   

                  ARTICLE
                    I CREATION OF THE APPLICABLE
                    CERTIFICATES

                	
                   

                  2

                
	
                  Section 1.01.
                    The Applicable Certificates

                	
                  2

                
	
                   

                  ARTICLE
                    II DEFINITIONS

                	
                   

                  3

                
	
                  Section 2.01.
                    Definitions

                	
                  3

                
	
                   

                  ARTICLE
                    III TRANSFER OF THE APPLICABLE
                    CERTIFICATES

                	
                   

                  7

                
	
                  Section 3.01.
                    Issuance of Applicable
                    Certificates

                	
                  7

                
	
                  Section 3.02.
                    Restrictive Legends

                	
                  8

                
	
                  Section 3.03.
                    Amendment of Sections 3.04 and 3.05 of the
                    Basic Agreement

                	
                  8

                
	
                  Section 3.04.
                    Transfer and Exchange

                	
                  8

                
	
                  Section 3.05.
                    Special Transfer Provisions.

                	
                  9

                
	
                   

                  ARTICLE
                    IV STATEMENTS TO APPLICABLE
                    CERTIFICATEHOLDERS

                	
                   

                  11

                
	
                  Section 4.01.
                    [Reserved].

                	
                  11

                
	
                  Section 4.02.
                    Statements to Applicable
                    Certificateholders

                	
                  11

                
	
                  Section 4.03.
                    Distributions from Special Payments
                    Account.

                	
                  12

                
	
                  Section 4.04.
                    Limitation of Liability for
                    Payments

                	
                  13

                
	
                   

                  ARTICLE
                    V DEFAULT

                	
                   

                  13

                
	
                  Section 5.01.
                    Purchase Rights of
                    Certificateholders

                	
                  13

                
	
                  Section 5.02.
                    Amendment of Section 6.05 of the Basic
                    Agreement

                	
                  14

                
	
                   

                  ARTICLE
                    VI THE TRUSTEE

                	
                   

                  14

                
	
                  Section 6.01.
                    Delivery of Documents; Delivery
                    Dates

                	
                  14

                
	
                  Section 6.02.
                    The Trustee

                	
                  14

                
	
                  Section 6.03.
                    Representations and Warranties of the
                    Trustee

                	
                  15

                
	
                  Section 6.04.
                    Trustee Liens

                	
                  16

                
	
                   

                  ARTICLE
                    VII ADDITIONAL AMENDMENTS; SUPPLEMENTAL
                    AGREEMENTS

                	
                   

                  16

                
	
                  Section 7.01.
                    Amendment of Section 2.01 of the Basic
                    Agreement

                	
                  16

                
	
                  Section 7.02.
                    Amendment of Section 2.04 of the Basic
                    Agreement

                	
                  16

                
	
                  Section 7.03.
                    Amendment of Section 5.02 of the Basic
                    Agreement

                	
                  16

                
	
                  Section 7.04.
                    Amendment of Section 6.05 of the Basic
                    Agreement

                	
                  16

                
	
                  Section 7.05
                    Amendment of Section 7.02 of the Basic
                    Agreement

                	
                  16

                

        
 

      
        
          
            
            

          

          
            i

            
              

            

          

          
            
            

          

        

        
          	
                  Section 7.06.
                    Supplemental Agreements Without Consent
                    of
                    Applicable Certificateholders

                	
                  17

                
	
                  Section 7.07.
                    Supplemental Agreements with Consent
                    of Applicable
                    Certificateholders

                	
                  17

                
	
                  Section 7.08.
                    Consent of Holders of Certificates Issued
                    under
                    Other Trust

                	
                  17

                
	
                  Section
                    7.09. Amendment of Section 12.11 of the Basic
                    Agreement

                	
                  17

                
	
                   

                  ARTICLE
                    VIII MISCELLANEOUS PROVISIONS

                	
                   

                  18

                
	
                  Section 8.01.
                    Basic Agreement Ratified

                	
                  18

                
	
                  Section 8.02.
                    GOVERNING
                    LAW

                	
                  18

                
	
                  Section 8.03.
                    Execution in Counterparts

                	
                  18

                
	
                  Section 8.04.
                    Intention of Parties

                	
                  18

                

        

      

       

       

      
        Exhibit A  Form
          of
          Certificate

        

      

    

    
      
        
        

      

      
        ii

        
          

        

      

      
        BACK

      

    

    This
      Trust Supplement No. 2006-1B, dated as of June 9, 2006 (herein called the
“Trust
      Supplement”),
      between Continental Airlines, Inc., a Delaware corporation (the “Company”),
      and
      Wilmington Trust Company (the “Trustee”),
      to
      the Pass Through Trust Agreement, dated as of September 25, 1997, between
      the Company and the Trustee (the “Basic
      Agreement”).

    

    W I T N E S S E T H:

    

    WHEREAS,
      the Basic Agreement, unlimited as to the aggregate principal amount of
      Certificates (unless otherwise specified herein, capitalized terms used herein
      without definition having the respective meanings specified in the Basic
      Agreement) which may be issued thereunder, has heretofore been executed and
      delivered;

    

    WHEREAS,
      the Company intends to issue pursuant to the Indenture, on a recourse basis,
      up
      to (and including) two series of equipment notes (the “Equipment
      Notes”)
      to be
      secured by, among other things, certain aircraft spare parts owned by the
      Company;

    

    WHEREAS,
      the Trustee hereby declares the creation of the Continental Airlines Pass
      Through Trust 2006-1B (the “Applicable
      Trust”)
      for
      the benefit of the Applicable Certificateholders, and the initial Applicable
      Certificateholders as the grantors of the Applicable Trust, by their respective
      acceptances of the Applicable Certificates, join in the creation of the
      Applicable Trust with the Trustee;

    

    WHEREAS,
      all Certificates to be issued by the Applicable Trust will evidence fractional
      undivided interests in the Applicable Trust and will convey no rights, benefits
      or interests in respect of any property other than the Trust
      Property;

    

    WHEREAS,
      pursuant to the terms and conditions of the Basic Agreement as supplemented
      by
      this Trust Supplement (the “Agreement”)
      and
      the NPA (as defined below), the Trustee on behalf of the Applicable Trust,
      using
      the proceeds of the sale of the Applicable Certificates, shall purchase an
      Equipment Note having the same interest rate as, and final maturity date not
      later than the final Regular Distribution Date of, the Applicable Certificates
      issued hereunder and shall hold such Equipment Note in trust for the benefit
      of
      the Applicable Certificateholders;

    

    WHEREAS,
      all of the conditions and requirements necessary to make this Trust Supplement,
      when duly executed and delivered, a valid, binding and legal instrument in
      accordance with its terms and for the purposes herein expressed, have been
      done,
      performed and fulfilled, and the execution and delivery of this Trust Supplement
      in the form and with the terms hereof have been in all respects duly
      authorized;

    

    WHEREAS,
      this Trust Supplement is subject to the provisions of the Trust Indenture Act
      of
      1939, as amended, and shall, to the extent applicable, be governed by such
      provisions. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        BACK

      

    

    NOW
      THEREFORE, in consideration of the premises herein, it is agreed between the
      Company and the Trustee as follows:

     

    ARTICLE
      I

    CREATION
      OF THE APPLICABLE CERTIFICATES

    

    Section 1.01.The
      Applicable Certificates.
      There
      is hereby created a series of Certificates to be issued under the Agreement
      to
      be distinguished and known as “Continental Airlines Pass Through Certificates,
      Series 2006-1B” (hereinafter defined as the “Applicable
      Certificates”).
      Each
      Applicable Certificate represents a fractional undivided interest in the
      Applicable Trust created hereby. The Applicable Certificates shall be the only
      instruments evidencing a fractional undivided interest in the Applicable
      Trust.

    

    The
      terms
      and conditions applicable to the Applicable Certificates are as
      follows:

    

    (a) The
      aggregate principal amount of the Applicable Certificates that shall be
      authenticated under the Agreement (except for Applicable Certificates
      authenticated and delivered pursuant to Sections 3.03 and 3.06 of the Basic
      Agreement and Sections 3.04 and 3.05 of this Trust Supplement) is
      $130,000,000.

    

    (b) The
      Regular Distribution Dates with respect to any payment of Scheduled Payments
      means March 2, June 2, September 2 and December 2 of each year, commencing
      on
      September 2, 2006 (or, if any such date is not a Business Day, the next
      succeeding Business Day), until payment of all of the Scheduled Payments to
      be
      made under the Equipment Notes has been made.

    

    (c) The
      Special Distribution Dates with respect to the Applicable Certificates means
      any
      Business Day on which a Special Payment is to be distributed pursuant to the
      Agreement.

    

    (d) The
      Applicable Certificates shall be in the form attached hereto as Exhibit A.
      Any Person acquiring or accepting an Applicable Certificate or an interest
      therein will, by such acquisition or acceptance, be deemed to represent and
      warrant to and for the benefit of the Company that either (i) the assets of
      an employee benefit plan subject to Title I of the Employee Retirement Income
      Security Act of 1974, as amended (“ERISA”),
      or of
      a plan subject to Section 4975 of the Internal Revenue Code of 1986, as
      amended (the “Code”),
      have
      not been used to purchase Applicable Certificates or an interest therein or
      (ii) the purchase and holding of Applicable Certificates or an interest
      therein is exempt from the prohibited transaction restrictions of ERISA and
      the
      Code pursuant to one or more prohibited transaction statutory or administrative
      exemptions.

    

    (e) The
“NPA”
      as defined in this Trust Supplement is the “Note Purchase Agreement” referred to
      in the Basic Agreement.

    

    (f) The
      Applicable Certificates are subject to the Intercreditor
      Agreement.

    
      
        
        

      

      
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    (g) The
      Applicable Certificates will not have the benefit of a Liquidity Facility.
      

    

    (h)
       The
      Responsible Party is the Company.

    

    (i) The
      date
      referred to in clause (i) of the definition of the term “PTC Event of
      Default” in the Basic Agreement is the Final Maturity Date.

    

    (j) The
      “particular sections of the Note Purchase Agreement”, for purposes of
      clause (3) of Section 7.07 of the Basic Agreement, is Section 8.1
      of the NPA.

    

    (k) The
      Equipment Note to be acquired and held in the Applicable Trust, and the related
      Pledged Spare Parts and Note Documents are described in the NPA.

    

    (l) For
      purposes of Section 2.01(b)(4) of the Basic Agreement, there shall be no
      Cut-off Date with respect to the Applicable Certificates.

    

    (m) For
      purposes of the second paragraph of Section 11.01 of the Basic Agreement,
      the notice of any termination of the Applicable Trust shall be mailed promptly
      by the Trustee to the Applicable Certificateholders not earlier than 60 days
      and
      not later than 15 days preceding the final distribution referenced in such
      Section.

     

    ARTICLE
      II

    DEFINITIONS

    

    Section 2.01.Definitions.
      For all
      purposes of the Basic Agreement as supplemented by this Trust Supplement, the
      following capitalized terms have the following meanings (any term used herein
      which is defined in both this Trust Supplement and the Basic Agreement shall
      have the meaning assigned thereto in this Trust Supplement for purposes of
      the
      Basic Agreement as supplemented by this Trust Supplement):

    

    Above-Cap
      Liquidity Provider:
      Means,
      initially, Morgan Stanley Capital Services Inc., a corporation organized under
      the laws of the state of Delaware, and any replacements or successors therefor
      appointed in accordance with the Intercreditor Agreement.

    

    Agreement:
      Has the
      meaning specified in the recitals hereto.

    

    Applicable
      Certificate:
      Has the
      meaning specified in Section 1.01 of this Trust Supplement.

    

    Applicable
      Certificateholder:
      Means
      the Person in whose name an Applicable Certificate is registered on the Register
      for the Applicable Certificates.

    

    Applicable
      Trust:
      Has the
      meaning specified in the recitals hereto.

    
      
        
        

      

      
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    Basic
      Agreement:
      Has the
      meaning specified in the first paragraph of this Trust Supplement.

    

    Break
      Amount:
      Has the
      meaning specified in the Indenture.

    

    Business
      Day:
      Means
      any day other than a Saturday, a Sunday or a day on which commercial banks
      are
      required or authorized to close in Houston, Texas; New York, New York; or,
      so
      long as any Applicable Certificate is Outstanding, the city and state in which
      the Trustee, the Subordination Agent or the Loan Trustee maintains its Corporate
      Trust Office or receives and disburses funds and which is also a day for trading
      by and between banks in the London interbank Eurodollar markets.

    

    Certain
      Excess Reimbursement Obligations:
      Means
      any amounts referred to in clause (c) of the definition of “Excess Reimbursement
      Obligations” in the Intercreditor Agreement.

    

    Certificate:
      Has the
      meaning specified in the Intercreditor Agreement.

    

    Class:
      Has the
      meaning specified in the Intercreditor Agreement.

    

    Collateral:
      Has the
      meaning specified in the Indenture.

    

    Company:
      Has the
      meaning specified in the first paragraph of this Trust Supplement.

    

    Controlling
      Party:
      Has the
      meaning specified in the Intercreditor Agreement.

    

    Distribution
      Date:
      Means
      any Regular Distribution Date or Special Distribution Date as the context
      requires.

    

    Equipment
      Notes:
      Has the
      meaning specified in the recitals hereto.

    

    Final
      Maturity Date:
      June 2,
      2013.

    

    Indenture:
      Means
      the Trust Indenture and Mortgage dated as of June 9, 2006 between the Company
      and the Loan Trustee, as amended, supplemented or otherwise modified from time
      to time in accordance with its terms.

    

    Intercreditor
      Agreement:
      Means
      the Intercreditor Agreement (2006-1) dated as of June 9, 2006 among the Trustee,
      the Other Trustee, the Above-Cap Liquidity Provider, the Primary Liquidity
      Provider, the Policy Provider and Wilmington Trust Company, as Subordination
      Agent and as trustee thereunder, as amended, supplemented or otherwise modified
      from time to time in accordance with its terms.

    

    Investors:
      Means
      the Underwriter, together with all subsequent beneficial owners of the
      Applicable Certificates.

    
      
        
        

      

      
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    Issuance
      Date:
      Means
      the date of the issuance of the Applicable Certificates to the Underwriter
      pursuant to the Underwriting Agreement.

    

    Liquidity
      Obligations:
      Has the
      meaning assigned to such term in the Intercreditor Agreement.

    

    Note
      Documents:
      Means
      the Equipment Notes with respect to the Applicable Certificates, the Indenture
      and the NPA.

    

    NPA:
      Means
      the Note Purchase Agreement dated as of June 9, 2006 among the Trustee, the
      Other Trustee, the Company, the Loan Trustee and the Subordination Agent,
      providing for, among other things, the purchase of the applicable Equipment
      Note
      by the Trustee on behalf of the Applicable Trust, as the same may be amended,
      supplemented or otherwise modified from time to time, in accordance with its
      terms.

    

    Operative
      Agreements:
      Has the
      meaning assigned to such term in the Intercreditor Agreement.

    

    Other
      Agreement:
      Means the Basic Agreement as supplemented by Trust Supplement No. 2006-1G
      dated the date hereof relating to the Other Trust.

    

    Other
      Trust:
      Means
      the Continental Airlines Pass Through Trust 2006-1G, created by the Other
      Agreement.

    

    Other
      Trustee:
      Means
      the trustee under the Other Agreement, and any successor or other trustee
      appointed as provided therein.

    

    Pledged
      Spare Parts:
      Has the
      meaning assigned to such term in the Indenture.

    

    Policy
      Provider:
      Has the
      meaning specified in the Intercreditor Agreement.

    

    Policy
      Provider Amounts:
      Has the
      meaning specified in the Intercreditor Agreement.

    

    Policy
      Provider Default:
      Has the
      meaning specified in the Intercreditor Agreement.

    

    Policy
      Provider Obligations:
      Has the
      meaning assigned to such term in the Intercreditor Agreement.

    

    Pool
      Balance:
      Means,
      as of any date, (i) the original aggregate face amount of the Applicable
      Certificates less (ii) the aggregate amount of all payments made as of such
      date in respect of such Applicable Certificates other than payments made in
      respect of interest or Premium or Break Amount thereon or reimbursement of
      any
      costs or expenses incurred in connection therewith. The Pool Balance as of
      any
      date shall be computed 

    
      
        
        

      

      
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    after
      giving effect to any payment of principal of the Equipment Notes or payment
      with
      respect to other Trust Property and the distribution thereof to be made on
      that
      date.

    

    Pool
      Factor:
      Means,
      as of any date, the quotient (rounded to the seventh decimal place) computed
      by
      dividing (i) the Pool Balance by (ii) the original aggregate face
      amount of the Applicable Certificates. The Pool Factor as of any date shall
      be
      computed after giving effect to any payment of principal of the Equipment Notes
      or payment with respect to other Trust Property and the distribution thereof
      to
      be made on that date.

    

    Premium:
      Has the
      meaning specified in the Indenture.

    

    Primary
      Liquidity Facility:
      Means,
      initially, the Revolving Credit Agreement dated as of June 9, 2006, between
      Wilmington Trust Company, as Subordination Agent, as agent and trustee for
      the
      Class G Trust, and the initial Primary Liquidity Provider, and, from and after
      the replacement of such Revolving Credit Agreement pursuant to the Intercreditor
      Agreement, the replacement liquidity facility therefor, if any, in each case
      as
      amended, supplemented or otherwise modified from time to time in accordance
      with
      its terms.

    

    Primary
      Liquidity Provider:
      Means,
      initially, Morgan Stanley Bank, an industrial bank organized under the laws
      of
      the state of Utah, and any replacements or successors therefor appointed in
      accordance with the Intercreditor Agreement.

    

    PTC
      Event of Default:
      Has the
      meaning assigned to such term in the Intercreditor Agreement.

    

    QIB:
      Means a
      qualified institutional buyer as defined in Rule 144A.

    

    Reference
      Agency Agreement:
      Has the
      meaning specified in the NPA.

    

    Register:
      Has the
      meaning specified in Section 3.04 of this Trust Supplement.

    

    Registrar:
      Has the
      meaning specified in Section 3.04 of this Trust Supplement.

    

    Restricted
      Definitive Certificates:
      Has the
      meaning specified in Section 3.01 of this Trust Supplement.

    

    Restricted
      Legend:
      Has the
      meaning specified in Section 3.02 of this Trust Supplement.

    

    Rule 144A:
      Means
      Rule 144A under the Securities Act and any successor rule
      thereto.

    

    Scheduled
      Payment:
      Has the
      meaning assigned to such term in the Intercreditor
      Agreement.

    
      
        
        

      

      
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    Securities
      Act:
      Means
      the United States Securities Act of 1933, as amended from time to time, or
      any
      successor thereto.

    

    Special
      Payment:
      Means
      any payment (other than a Scheduled Payment) in respect of, or any proceeds
      of,
      any Equipment Note or Collateral (as defined in the Indenture).

    

    Stated
      Interest Rate:
      Has the
      meaning specified in the Intercreditor Agreement as such meaning is applicable
      to the Applicable Certificates.

    

    Triggering
      Event:
      Has the
      meaning assigned to such term in the Intercreditor Agreement.

    

    Trust
      Property:
      Means
      (i) subject to the Intercreditor Agreement, the Equipment Note held as the
      property of the Applicable Trust, all monies at any time paid thereon and all
      monies due and to become due thereunder, (ii) funds from time to time
      deposited in the Certificate Account and the Special Payments Account and,
      subject to the Intercreditor Agreement, any proceeds from the sale by the
      Trustee pursuant to Article VI of the Basic Agreement of the Equipment Note
      and
      (iii) all rights of the Applicable Trust and the Trustee, on behalf of the
      Applicable Trust, under the Intercreditor Agreement and the NPA, including,
      without limitation, all rights to receive certain payments thereunder, and
      all
      monies paid to the Trustee on behalf of the Applicable Trust pursuant to the
      Intercreditor Agreement or the NPA.

    

    Trust
      Supplement:
      Has the
      meaning specified in the first paragraph of this trust supplement.

    

    Trustee:
      Has the
      meaning specified in the first paragraph of this Trust Supplement.

    

    Underwriter:
      Means
      Morgan Stanley & Co. Incorporated. 

    

    Underwriting
      Agreement:
      Means
      the Underwriting Agreement dated as of May 24, 2006 between the Underwriter
      and
      the Company, as the same may be amended, supplemented or otherwise modified
      from
      time to time in accordance with its terms.

    

    ARTICLE
      III

    TRANSFER
      OF THE APPLICABLE CERTIFICATES 

    

    Section 3.01.
Issuance
      of Applicable Certificates.
      The
      Applicable Certificates shall be issued and will only be available in
the
      form
      of one or more certificated securities in definitive, fully registered form
      without interest coupons substantially
      in the form of Exhibit A hereto with such applicable legends as are
      provided for in Section 3.02 (each,
      a
“Restricted
      Definitive Certificate”)
      duly
      executed and authenticated by the Trustee as hereinafter provided. The initial
      Restricted Definitive Certificates,
      delivered at the closing in accordance with the

    
      
        
        

      

      
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    Underwriting
      Agreement, shall be registered in the name or names designated by the
      Underwriter.

     

    Section 3.02.
Restrictive
      Legends.
      All
      Applicable Certificates issued pursuant to the Agreement shall bear a legend
      to
      the following effect (the “Restricted
      Legend”):

     

    THIS
      CERTIFICATE IS SUBJECT TO TRANSFER RESTRICTIONS. BY ITS ACQUISITION HEREOF,
      THE
      HOLDER (1) REPRESENTS THAT IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS
      DEFINED IN RULE 144A UNDER THE SECURITIES ACT); (2) AGREES THAT IT
      WILL NOT RESELL OR OTHERWISE TRANSFER THIS CERTIFICATE EXCEPT TO A “QUALIFIED
      INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT);
      AND (3) AGREES THAT IF IT SHOULD RESELL OR OTHERWISE TRANSFER THIS
      CERTIFICATE IT WILL DELIVER TO EACH PERSON TO WHOM THIS CERTIFICATE IS
      TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. IN CONNECTION
      WITH ANY TRANSFER OF THIS CERTIFICATE, THE TRANSFEREE MUST COMPLETE THE FORM
      ON
      THE REVERSE HEREOF RELATING TO THE MANNER OF SUCH TRANSFER AND SUBMIT SUCH
      FORM
      TO THE PASS THROUGH TRUSTEE. THE PASS THROUGH TRUST AGREEMENT CONTAINS A
      PROVISION REQUIRING THE REGISTRAR TO REFUSE TO REGISTER ANY TRANSFER OF THIS
      CERTIFICATE IN VIOLATION OF THE FOREGOING RESTRICTIONS.

     

    Section 3.03.
Amendment
      of Sections 3.04 and 3.05 of the Basic Agreement.
      Sections 3.04 and 3.05 of this Trust Supplement supersede and replace
      Sections 3.04 and 3.05 of the Basic Agreement, with respect to the
      Applicable Trust.

     

    Section 3.04.
Transfer
      and Exchange.
      The
      Trustee shall cause to be kept at the office or agency to be maintained by
      it in
      accordance with the provisions of Section 7.12 of the Basic Agreement a
      register (the “Register”)
      of the
      Applicable Certificates in which, subject to such reasonable regulations as
      it
      may prescribe, the Trustee shall provide for the registration of such Applicable
      Certificates and of transfers and exchanges of such Applicable Certificates
      as
      herein provided. The Trustee shall initially be the registrar (the “Registrar”)
      for
      the purpose of registering such Applicable Certificates and transfers and
      exchanges of such Applicable Certificates as herein provided.

     

    All
      Applicable Certificates issued upon any registration of transfer or exchange
      of
      Applicable Certificates shall be valid obligations of the Applicable Trust,
      evidencing the same interest therein, and entitled to the same benefits under
      this Agreement, as the Applicable Certificates surrendered upon such
      registration of transfer or exchange.

     

    An
      Applicable Certificateholder may transfer, in whole or in part, an Applicable
      Certificate, or request that an Applicable Certificate be exchanged, in whole
      or
      in part, for Applicable Certificates in authorized denominations in an aggregate
      Fractional Undivided Interest equal to the Fractional Undivided Interest of
      such
      Applicable Certificate surrendered for 

    
      
        
        

      

      
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    exchange
      of other authorized denominations, by surrender of such Applicable Certificate
      to the Trustee with the form of transfer notice thereon duly completed and
      executed, and otherwise complying with the terms of the Agreement, including
      providing evidence of compliance with any restrictions on transfer, in form
      satisfactory to the Trustee and the Registrar. No such transfer shall be
      effected until, and such transferee shall succeed to the rights of an Applicable
      Certificateholder only upon, final acceptance and registration of the transfer
      by the Registrar in the Register. Prior to the registration of any transfer
      by
      an Applicable Certificateholder as provided herein, the Trustee shall treat
      the
      person in whose name the Applicable Certificate is registered as the owner
      thereof for all purposes, and the Trustee shall not be affected by notice to
      the
      contrary. When Applicable Certificates are presented to the Registrar with
      a
      request to register the transfer thereof or to exchange them for other
      authorized denominations of an Applicable Certificate in a Fractional Undivided
      Interest equal to the aggregate Fractional Undivided Interest of Applicable
      Certificates surrendered for exchange, the Registrar shall register the transfer
      or make the exchange as requested if its requirements for such transactions
      are
      met.

     

    The
      Registrar shall not register the transfer or exchange of any Applicable
      Certificate in the name of any Person unless and until evidence satisfactory
      to
      the Company and the Trustee that the conditions to any such transfer or exchange
      set forth in Section 3.05 shall have been satisfied is submitted to them.
      Such conditions shall be deemed satisfied with respect to a transfer
      if the transferor and transferee duly execute and deliver to the
      Trustee the transfer notice in the form attached to the Applicable
      Certificates, unless the Company or the Trustee has a reasonable basis for
      requesting additional evidence. 

     

    To
      permit
      registrations of transfers and exchanges in accordance with the terms,
      conditions and restrictions hereof, the Trustee shall execute and authenticate
      Applicable Certificates at the Registrar’s request. No service charge shall be
      made to an Applicable Certificateholder for any registration of transfer or
      exchange of Applicable Certificates, but the Trustee shall require payment
      of a
      sum sufficient to cover any tax or governmental charge that may be imposed
      in
      connection with any transfer or exchange of Applicable Certificates. All
      Applicable Certificates surrendered for registration of transfer or exchange
      shall be canceled and subsequently destroyed by the Trustee.

     

    Section 3.05.
Special
      Transfer Provisions. 

    

    (a) Transfers
      Limited to QIBs.
      If an
      Applicable Certificate is to be transferred, the Registrar shall register the
      transfer only if such transfer is being made to a proposed transferee who has
      provided the transfer notice attached to the form of Applicable Certificate
      stating that it is purchasing the Applicable Certificate for its own account
      or
      an account with respect to which it exercises sole investment discretion and
      that it and any such account is a QIB within the meaning of
      Rule 144A.

    

    (b) Restricted
      Legend.
      Upon
      the transfer, exchange or replacement of Applicable Certificates, the Registrar
      shall deliver only Applicable Certificates that bear the Restricted
      Legend.

    
      
        
        

      

      
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    (c) General.
      By
      acceptance of any Applicable Certificate, each Holder of such an Applicable
      Certificate will be deemed to: 

     

    (i)
       Represent
      that it is accepting such Applicable Certificate for its own account or an
      account with respect to which it exercises sole investment discretion and that
      it and any such account is a QIB; 

     

    (ii)
       Agree
      that any sale or other transfer by it of any Applicable Certificate will only
      be
      made to a QIB; 

     

    (iii)
       Agree
      that it will deliver to each person to whom it transfers Applicable Certificates
      notice of these restrictions on transfer of the Applicable Certificates;

     

    (iv)
       Agree
      that no registration of the transfer of an Applicable Certificate will be made
      unless the transferee completes and submits to the Trustee the form included
      on
      the reverse of the Applicable Certificate in which it states that it is
      purchasing the Applicable Certificate for its own account or an account with
      respect to which it exercises sole investment discretion and that it and any
      such account is a QIB; 

     

    (v)
       Understand
      that the Applicable Certificates will bear a legend substantially to the effect
      of the Restricted Legend; 

     

    (vi)
       Acknowledge
      that the Company, the Trustee, the Underwriter, and others will rely on the
      truth and accuracy of the foregoing acknowledgments, representations, warranties
      and agreements and agree that, if any of the acknowledgments, representations,
      warranties and agreements deemed to have been made by its purchase of the
      Applicable Certificates is no longer accurate, it shall promptly notify the
      Company, the Trustee and the Underwriter. If it is acquiring any Applicable
      Certificates as a fiduciary or agent of one or more investor accounts, it
      represents that it has sole investment discretion with respect to each such
      investor account and that it has full power to make the foregoing
      acknowledgments, representations and agreements on behalf of each such investor
      account; 

     

    (vii)
       Acknowledge
      that the foregoing restrictions apply to holders of beneficial interests in
      the
      Applicable Certificates as well as to registered holders of Applicable
      Certificates; and 

     

    (viii)
       Acknowledge
      that the Trustee will not be required to accept for registration of transfer
      any
      Applicable Certificate unless evidence satisfactory to the Company and the
      Trustee that the restrictions on transfer set forth herein have been complied
      with is submitted to them. 

     

    Until
      such time as no Applicable Certificates remain Outstanding, the Registrar shall
      retain copies of all letters, notices and other written communications received
      pursuant to this Section 3.05. The Trustee, if not the Registrar at such
      time, shall have the right to inspect and make copies of all such letters,
      notices or other written communications at any reasonable time upon the giving
      of reasonable written notice to the Registrar.

    
      
        
        

      

      
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    ARTICLE
      IV

    STATEMENTS
      TO APPLICABLE CERTIFICATEHOLDERS

    

    Section 4.01.
      [Reserved].

    

    Section 4.02.
Statements
      to Applicable Certificateholders.
      (a)  On each Distribution Date, the Trustee will include with each
      distribution to Applicable Certificateholders of a Scheduled Payment or Special
      Payment, as the case may be, a statement setting forth the information provided
      below. Such statement shall set forth (per $1,000 face amount Applicable
      Certificate as to (ii) and (iii) below) the following information:

     

    (i) the
      aggregate amount of funds distributed on such Distribution Date under the
      Agreement, indicating the amount allocable to each source;

     

    (ii) the
      amount of such distribution under the Agreement allocable to principal and
      the
      amount allocable to Premium and Break Amount, if any;

     

    (iii) the
      amount of such distribution under the Agreement allocable to
      interest;

     

    (iv) the
      Pool
      Balance and the Pool Factor; and

     

    (v) the
      LIBOR
      rates and the resulting Stated Interest Rate on the Applicable Certificates
      for
      the current and immediately preceding Interest Periods.

     

    (b) Within
      a
      reasonable period of time after the end of each calendar year but not later
      than
      the latest date permitted by law, the Trustee shall furnish to each Person
      who
      at any time during such calendar year was an Applicable Certificateholder of
      record a statement containing the sum of the amounts determined pursuant to
      clauses (a)(i), (a)(ii) and (a)(iii) above for such calendar year or, in
      the event such Person was an Applicable Certificateholder of record during
      a
      portion of such calendar year, for such portion of such calendar year, and
      such
      other items as are readily available to the Trustee and which an Applicable
      Certificateholder shall reasonably request as necessary for the purpose of
      such
      Applicable Certificateholder’s preparation of its U.S. federal income tax
      returns. Such statement and such other items shall be prepared on the basis
      of
      information supplied to the Trustee by the Applicable
      Certificateholders.

     

    (c) Promptly
      following the date of any early redemption or purchase of, or any default in
      the
      payment of principal or interest in respect of, any of the Equipment Notes
      held
      in the Applicable Trust, the Trustee shall furnish to Applicable
      Certificateholders of record on such date a statement setting forth (x) the
      expected Pool Balances for each subsequent Regular Distribution Date,
      (y) the related Pool Factors for such Regular Distribution Dates and
      (z) the expected principal distribution schedule of the Equipment Note held
      as Trust Property at the date of such notice. 

     

    (d) This
      Section 4.02 supersedes and replaces Section 4.03 of the Basic
      Agreement, with respect to the Applicable Trust.

    
      
        
        

      

      
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    Section 4.03.
Distributions
      from Special Payments Account.

    

    (a) On
      each
      Special Distribution Date with respect to any Special Payment or as soon
      thereafter as the Trustee has confirmed receipt of any Special Payments due
      on
      the Equipment Note held (subject to the Intercreditor Agreement) in the
      Applicable Trust or realized upon the sale of such Equipment Note, the Trustee
      shall distribute out of the Special Payments Account the entire amount of such
      Special Payment deposited therein pursuant to Section 4.01(b) of the Basic
      Agreement. There shall be so distributed to each Applicable Certificateholder
      of
      record on the Record Date with respect to such Special Distribution Date (other
      than as provided in Section 11.01 of the Basic Agreement concerning the
      final distribution) by check mailed to such Applicable Certificateholder, at
      the
      address appearing in the Register, such Applicable Certificateholder’s pro rata
      share (based on the Fractional Undivided Interest in the Applicable Trust held
      by such Applicable Certificateholder) of the total amount in the Special
      Payments Account on account of such Special Payment.

     

    (b) The
      Trustee shall, at the expense of the Company, cause notice of each Special
      Payment to be mailed to each Applicable Certificateholder at his address as
      it
      appears in the Register. In the event of redemption or purchase of the Equipment
      Note held in the Applicable Trust, such notice shall be mailed not less than
      15
      days prior to the Special Distribution Date for the Special Payment resulting
      from such redemption or purchase, which Special Distribution Date shall be
      the
      date of such redemption or purchase. In the case of any other Special Payments,
      such notice shall be mailed as soon as practicable after the Trustee has
      confirmed that it has received funds for such Special Payment, stating the
      Special Distribution Date for such Special Payment which shall occur not less
      than 15 days after the date of such notice and as soon as practicable
      thereafter. Notices mailed by the Trustee shall set forth:

     

    (i) the
      Special Distribution Date and the Record Date therefor (except as otherwise
      provided in Section 11.01 of the Basic Agreement),

     

    (ii) the
      amount of the Special Payment for each $1,000 face amount Applicable Certificate
      and the amount thereof constituting principal, Premium or Break Amount, if
      any,
      and interest,

     

    (iii) the
      reason for the Special Payment, and

     

    (iv) if
      the
      Special Distribution Date is the same date as a Regular Distribution Date,
      the
      total amount to be received on such date for each $1,000 face amount Applicable
      Certificate.

     

    If
      the
      amount of Premium or Break Amount, if any, payable upon the redemption or
      purchase of the Equipment Note has not been calculated at the time that the
      Trustee mails notice of a Special Payment, it shall be sufficient if the notice
      sets forth the other amounts to be distributed and states that any Premium
      or
      Break Amount received will also be distributed.

     

    If
      any
      redemption of the Equipment Note held in the Applicable Trust is canceled,
      the
      Trustee, as soon as possible after learning thereof, shall cause notice thereof
      to be mailed to each Applicable Certificateholder at its address as it appears
      on the Register.

    
      
        
        

      

      
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    (c) This
      Section 4.03 supersedes and replaces Section 4.02(b) and
      Section 4.02(c) of the Basic Agreement in their entirety, with respect to
      the Applicable Trust.

     

    Section 4.04.
Limitation
      of Liability for Payments.
      Section 3.09 of the Basic Agreement shall be amended, with respect to the
      Applicable Trust, by deleting the phrase “, the Loan Trustees, the Owner
      Trustees or the Owner Participants” in the second sentence thereof and adding in
      lieu thereof “or the Loan Trustees”.

     

    ARTICLE
      V

    DEFAULT

    

    Section 5.01.
Purchase
      Rights of Certificateholders.
      (a) At
      any time after the occurrence and during the continuation of a Triggering Event,
      each Applicable Certificateholder (other than the Company or any of its
      Affiliates) shall have the right to purchase, for the purchase prices set forth
      in the Class G Trust Agreement all, but not less than all, of the Class G
      Certificates upon ten days’ written notice to the Class G Trustee and each other
      Applicable Certificateholder; provided
      that (i)
      if prior to the end of such ten-day period any other Applicable
      Certificateholder (other than the Company or any of its Affiliates) notifies
      such purchasing Applicable Certificateholder that such other Applicable
      Certificateholder (other than the Company or any of its Affiliates) wants to
      participate in such purchase, then such other Applicable Certificateholder
      may
      join with the purchasing Applicable Certificateholder to purchase all, but
      not
      less than all, of the Class G Certificates pro rata based on the Fractional
      Undivided Interest in the Applicable Trust held by each such Applicable
      Certificateholder and (ii) if prior to the end of such ten-day period any other
      Applicable Certificateholder fails to notify the purchasing Applicable
      Certificateholder of such other Applicable Certificateholder’s desire to
      participate in such a purchase, then such other Applicable Certificateholder
      shall lose its right to purchase the Class G Certificates pursuant to this
      Section 5.01(a).

     

    As
      used
      in this Section 5.01 and elsewhere in this Trust Supplement, the terms
“Class G Trust Agreement”, “Class G Certificateholder”, “Class G
      Trust” and “Class G Trustee” shall have the respective meanings assigned to
      such terms in the Intercreditor Agreement.

     

    (b) Following
      any purchase of the Class G Certificates pursuant to Section 5.01(a) above,
      the
      purchasing Applicable Certificateholders shall have the right to surrender
      the
      Policy to the Policy Provider for cancellation (thereby releasing the Policy
      Provider from its obligations under the Policy) and to pay (or cause to be
      paid)
      both of the following: (i) to the Policy Provider, to the extent not paid
      otherwise, all Policy Provider Amounts (other than Certain Excess Reimbursement
      Obligations) and (ii) to the Primary Liquidity Provider all outstanding
      Liquidity Obligations in accordance with the terms and conditions set forth
      in
      the Other Agreement. Upon such surrender and payments, the Primary Liquidity
      Facility shall be terminated in accordance therewith. Following any such
      surrender of the Policy to the Policy Provider for cancellation and payment
      of
      the Policy Provider Amounts (other than Certain Excess Reimbursement
      Obligations) and the Liquidity Obligations, the Class G Certificates shall
      no
      longer be entitled to the benefits of the Policy or the Primary Liquidity
      Facility. 

     

    As
      used
      in this Section 5.01 and elsewhere in this Trust Supplement, the term
“Policy” shall have the meaning assigned to such term in the Intercreditor
      Agreement.

    
      
        
        

      

      
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    (c) This
      Section 5.01 supersedes and replaces Section 6.01(b) of the Basic
      Agreement, with respect to the Applicable Trust.

     

    Section 5.02.
Amendment
      of Section 6.05 of the Basic Agreement.
      Section 6.05 of the Basic Agreement shall be amended, with respect to the
      Applicable Trust, by deleting the phrase “and thereby annul any Direction given
      by such Certificateholders or the Trustee to such Loan Trustee with respect
      thereto”, set forth in the first sentence thereof.

     

    ARTICLE
      VI

    THE
      TRUSTEE

    

    Section 6.01.
Delivery
      of Documents; Delivery Dates.
      (a)  The Trustee is hereby directed (i) to execute and deliver
      the Intercreditor Agreement and the NPA on or prior to the Issuance Date, each
      in the form delivered to the Trustee by the Company, and (ii) subject to
      the respective terms thereof, to perform its obligations thereunder. Upon
      request of the Company and the satisfaction or waiver of the closing conditions
      specified in the Underwriting Agreement, the Trustee shall execute, deliver,
      authenticate, issue and sell Applicable Certificates in authorized denominations
      equaling in the aggregate the amount set forth, with respect to the Applicable
      Trust, in Schedule I to the Underwriting Agreement evidencing the entire
      ownership interest in the Applicable Trust, which amount equals the maximum
      aggregate principal amount of Equipment Notes which may be purchased by the
      Trustee pursuant to the NPA. Except as provided in Sections 3.03 and 3.06
      of the Basic Agreement and Sections 3.04 and 3.05 of this Trust Supplement,
      the Trustee shall not execute, authenticate or deliver Applicable Certificates
      in excess of the aggregate amount specified in this paragraph. The provisions
      of
      this Section 6.01(a) supersede and replace the first sentence of
      Section 3.02(a) of the Basic Agreement, with respect to the Applicable
      Trust.

     

    (b) All
      provisions of the Basic Agreement relating to Postponed Notes and
      Section 2.02 of the Basic Agreement shall not apply to the Applicable
      Trust.

     

    (c) The
      Trustee acknowledges its acceptance of all right, title and interest in and
      to
      the Trust Property to be acquired pursuant to the NPA, and declares that it
      holds and will hold such right, title and interest for the benefit of all
      present and future Applicable Certificateholders, upon the trusts set forth
      in
      the Agreement. By its acceptance of an Applicable Certificate, each initial
      Applicable Certificateholder, as a grantor of the Applicable Trust, joins with
      the Trustee in the creation of the Applicable Trust. The provisions of this
      Section 6.01(c) supersede and replace the provisions of Section 2.03
      of the Basic Agreement, with respect to the Applicable Trust.

     

    Section 6.02.
The
      Trustee.
      (a)  Subject to Section 6.03 of this Trust Supplement and
      Section 7.15 of the Basic Agreement, the Trustee shall not be responsible
      in any manner whatsoever for or in respect of the validity or sufficiency of
      this Trust Supplement or the NPA or the due execution hereof or thereof by
      the
      Company or the other parties thereto (other than the Trustee), or for or in
      respect of the recitals and statements contained herein or therein, all of
      which
      recitals and statements are made solely by the Company, except that the Trustee
      hereby represents and warrants that each of this Trust Supplement, the Basic
      Agreement, each Applicable Certificate, the Intercreditor Agreement and the
      NPA
      has been executed and

    
      
        
        

      

      
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    delivered
      by one of its officers who is duly authorized to execute and deliver such
      document on its behalf.

     

    (b) Except
      as
      herein otherwise provided and except during the continuation of an Event of
      Default in respect of the Applicable Trust created hereby, no duties,
      responsibilities or liabilities are assumed, or shall be construed to be
      assumed, by the Trustee by reason of this Trust Supplement other than as set
      forth in the Agreement, and this Trust Supplement is executed and accepted
      on
      behalf of the Trustee, subject to all the terms and conditions set forth in
      the
      Agreement, as fully to all intents as if the same were herein set forth at
      length.

     

    Section 6.03.
Representations
      and Warranties of the Trustee.
      The
      Trustee hereby represents and warrants that:

     

    (a) the
      Trustee has full power, authority and legal right to execute, deliver and
      perform this Trust Supplement, the Intercreditor Agreement and the Note
      Documents to which it is or is to become a party and has taken all necessary
      action to authorize the execution, delivery and performance by it of this Trust
      Supplement, the Intercreditor Agreement and the Note Documents to which it
      is or
      is to become a party;

     

    (b) the
      execution, delivery and performance by the Trustee of this Trust Supplement,
      the
      Intercreditor Agreement and the Note Documents to which it is or is to become
      a
      party (i) will not violate any provision of any United States federal law
      or the law of the state of the United States where it is located governing
      the
      banking and trust powers of the Trustee or any order, writ, judgment, or decree
      of any court, arbitrator or governmental authority applicable to the Trustee
      or
      any of its assets, (ii) will not violate any provision of the articles of
      association or by-laws of the Trustee, and (iii) will not violate any
      provision of, or constitute, with or without notice or lapse of time, a default
      under, or result in the creation or imposition of any lien on any properties
      included in the Trust Property pursuant to the provisions of any mortgage,
      indenture, contract, agreement or other undertaking to which it is a party,
      which violation, default or lien could reasonably be expected to have an adverse
      effect on the Trustee’s performance or ability to perform its duties hereunder
      or thereunder or on the transactions contemplated herein or
      therein;

     

    (c) the
      execution, delivery and performance by the Trustee of this Trust Supplement,
      the
      Intercreditor Agreement and the Note Documents to which it is or is to become
      a
      party will not require 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, any governmental authority or agency of the United States or the
      state of the United States where it is located regulating the banking and
      corporate trust activities of the Trustee; and

     

    (d) this
      Trust Supplement, the Intercreditor Agreement and the Note Documents to which
      it
      is or is to become a party have been, or will be, as applicable, duly executed
      and delivered by the Trustee and constitute, or will constitute, as applicable,
      the legal, valid and binding agreements of the Trustee, enforceable against
      it
      in accordance with their respective terms; provided,
      however,
      that
      enforceability may be limited by

    
      
        
        

      

      
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    (i) applicable
      bankruptcy, insolvency, reorganization, moratorium or similar laws affecting
      the
      rights of creditors generally and (ii) general principles of
      equity.

     

    Section 6.04.
Trustee
      Liens.
      The
      Trustee in its individual capacity agrees, in addition to the agreements
      contained in Section 7.17 of the Basic Agreement, that it will at its own
      cost and expense promptly take any action as may be necessary to duly discharge
      and satisfy in full any Trustee’s Liens on or with respect to the Trust Property
      which is attributable to the Trustee in its individual capacity and which is
      unrelated to the transactions contemplated by the Intercreditor Agreement or
      the
      NPA.

     

    ARTICLE
      VII

    ADDITIONAL
      AMENDMENTS; SUPPLEMENTAL AGREEMENTS

    

    Section 7.01.
Amendment
      of Section 2.01 of the Basic Agreement.
      Section 2.01(b) of the Basic Agreement shall be amended, with respect to
      the Applicable Trust, by replacing the phrase “related Aircraft” in
      clause (11) thereof with the phrase “related Pledged Spare
      Parts”.

     

    Section 7.02.
Amendment
      of Section 2.04 of the Basic Agreement.
      Section 2.04 of the Basic Agreement shall be amended, with respect to the
      Applicable Trust, by replacing the term “Aircraft” with the term “Pledged Spare
      Parts” in both locations where the term “Aircraft” appears.

     

    Section 7.03.
Amendment
      of Section 5.02 of the Basic Agreement.
      Section 5.02(a) of the Basic Agreement shall be amended in its entirety,
      with respect to the Applicable Trust, to read as follows:

     

    “(a) the
      corporation formed by such consolidation or into which the Company is merged
      or
      the Person that acquires by conveyance, transfer or lease substantially all
      of
      the assets of the Company as an entirety shall be (i) organized and validly
      existing under the laws of the United States of America or any state thereof
      or
      the District of Columbia, (ii) a “citizen of the United States” as defined
      in 49 U.S.C. § 40102(a)(15), as amended, and (iii) a United States
      certificated air carrier, if and so long as such status is a condition of
      entitlement to the benefits of Section 1110 of the Bankruptcy Reform Act of
      1978, as amended (11 U.S.C. § 1110), with respect to the Pledged Spare
      Parts;”.

     

    Section 7.04.
Amendment
      of Section 6.05 of the Basic Agreement.
      Section 6.05(2) of the Basic Agreement shall be amended in its entirety,
      with respect to the Applicable Trust, to read as follows:

     

    “(2) in
      the
      payment of the principal of, Premium or Break Amount, if any, or interest on
      the
      Equipment Notes held in the Applicable Trust, or”.

     

    Section 7.05
Amendment
      of Section 7.02 of the Basic Agreement.
      Section 7.02 of the Basic Agreement shall be amended in its entirety, with
      respect to the Applicable Trust, to read as follows:

    
      
        
        

      

      
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    “Section 7.02.
      Notice
      of Defaults.
      As
      promptly as practicable after, and in any event within 90 days after, the
      occurrence of any default (as such term is defined below) hereunder known to
      the
      Trustee, the Trustee shall transmit by mail to the Company, the Loan Trustee
      and
      the Applicable Certificateholders in accordance with Section 313(c) of the
      Trust Indenture Act, notice of such default hereunder known to the Trustee,
      unless such default shall have been cured or waived; provided,
      however,
      that,
      except in the case of a default in the payment of the principal, Premium, if
      any, Break Amount, if any, or interest on the Equipment Note, the Trustee shall
      be protected in withholding such notice if and so long as the board of
      directors, the executive committee or a trust committee of directors and/or
      Responsible Officers of the Trustee in good faith shall determine that the
      withholding of such notice is in the interests of the Applicable
      Certificateholders. For the purpose of this Section 7.02 in respect of the
      Applicable Trust, the term “default”
means
      any event that is, or after notice or lapse of time or both would become, an
      Event of Default in respect of the Applicable Trust.”

     

    Section 7.06.
Supplemental
      Agreements Without Consent of Applicable Certificateholders.
      Without
      limitation of Section 9.01 of the Basic Agreement, under the terms of, and
      subject to the limitations contained in, Section 9.01 of the Basic
      Agreement, the Company may (but will not be required to), and the Trustee
      (subject to Section 9.03 of the Basic Agreement) shall, at the Company’s
      request, at any time and from time to time enter into one or more agreements
      supplemental to the NPA or the Reference Agency Agreement for any of the
      purposes set forth in clauses (1) through (9) of such Section 9.01,
      and (without limitation of the foregoing or Section 9.01 of the Basic
      Agreement) (a) clauses (2) and (3) of such Section 9.01 shall
      also be deemed to include the Company’s obligations under (in the case of
      clause (2)), and the Company’s rights and powers conferred by (in the case
      of clause (3)), the NPA or the Reference Agency Agreement and
      (b) references in clauses (4), (6) and (7) of such Section 9.01
      to “any Intercreditor Agreement or any Liquidity Facility” shall also be deemed
      to refer to “the Intercreditor Agreement, the Reference Agency Agreement or the
      NPA”.

     

    Section 7.07.
Supplemental
      Agreements with Consent of Applicable Certificateholders.
      Without
      limitation of Section 9.02 of the Basic Agreement, the provisions of
      Section 9.02 of the Basic Agreement shall apply to agreements or amendments
      for the purpose of adding any provisions to or changing in any manner or
      eliminating any of the provisions of the Reference Agency Agreement or the
      NPA
      or modifying in any manner the rights and obligations of the Applicable
      Certificateholders under the Reference Agency Agreement or the NPA.

     

    Section 7.08.
Consent
      of Holders of Certificates Issued under Other Trust.
      Notwithstanding any provision in Section 7.06 or Section 7.07 of this
      Trust Supplement to the contrary, no amendment or modification of
      Section 5.01 of this Trust Supplement shall be effective unless the Other
      Trustee of the Certificates issued by the Other Trust that are affected by
      such
      amendment or modification shall have consented thereto.

     

    Section
      7.09. Amendment
      of Section 12.11 of the Basic Agreement.
      Section 12.11 of the Basic Agreement shall be amended, with respect to the
      Applicable Trust, in its entirety to read as follows: “In any case where any
      Regular Distribution Date or Special Distribution Date relating to any
      Certificate of any series shall not be a Business Day with respect to such
      series, then (notwithstanding any other provision of this Agreement) payment
      

    
      
        
        

      

      
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    need
      not
      be made on such date, but may be made on the next succeeding Business Day with
      the same force and effect as if made on such Regular Distribution Date or
      Special Distribution Date, and interest shall accrue during the intervening
      period.”

    

    ARTICLE
      VIII

    MISCELLANEOUS
      PROVISIONS

    

    Section 8.01.
Basic
      Agreement Ratified.
      Except
      and so far as herein expressly provided, all of the provisions, terms and
      conditions of the Basic Agreement are in all respects ratified and confirmed;
      and the Basic Agreement and this Trust Supplement shall be taken, read and
      construed as one and the same instrument. All replacements of provisions of,
      and
      other modifications of the Basic Agreement set forth in this Trust Supplement
      are solely with respect to the Applicable Trust.

     

    Section 8.02.
GOVERNING
      LAW.
      THE
      AGREEMENT AND THE APPLICABLE CERTIFICATES HAVE BEEN 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 AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES
      HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. THIS
      SECTION 8.02 SUPERSEDES AND REPLACES SECTION 12.05 OF THE BASIC
      AGREEMENT,
      WITH
      RESPECT TO THE APPLICABLE TRUST.

     

    Section 8.03.
Execution
      in Counterparts.
      This
      Trust Supplement may be executed in any number of counterparts, each of which
      shall be an original, but such counterparts shall together constitute but one
      and the same instrument.

     

    Section 8.04.
Intention
      of Parties.
      The
      parties hereto intend that the Applicable Trust be classified for U.S. federal
      income tax purposes as a grantor trust under Subpart E, Part I of Subchapter
      J
      of the Internal Revenue Code of 1986, as amended, and not as a trust or
      association taxable as a corporation or as a partnership. Each Applicable
      Certificateholder and Investor, by its acceptance of its Applicable Certificate
      or a beneficial interest therein, agrees to treat the Applicable Trust as a
      grantor trust for all U.S. federal, state and local income tax purposes. The
      powers granted and obligations undertaken pursuant to the Agreement shall be
      so
      construed so as to further such intent.

    
      
        
        

      

      
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    IN
      WITNESS WHEREOF, the Company and the Trustee have caused this Trust Supplement
      to be duly executed by their respective officers thereto duly authorized, as
      of
      the day and year first written above.

     

      	 	 	 
	 	CONTINENTAL
              AIRLINES, INC.
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name:
	 	Title:

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
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              WILMINGTON
                TRUST COMPANY,

                 
as
                Trustee

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name:
	 	Title:

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
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    EXHIBIT A

    

    FORM
      OF
      CERTIFICATE

    Certificate

    No.
            

    

    THIS
      CERTIFICATE IS SUBJECT TO TRANSFER RESTRICTIONS. BY ITS ACQUISITION HEREOF,
      THE
      HOLDER (1) REPRESENTS THAT IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS
      DEFINED IN RULE 144A UNDER THE SECURITIES ACT); (2) AGREES THAT IT
      WILL NOT RESELL OR OTHERWISE TRANSFER THIS CERTIFICATE EXCEPT TO A “QUALIFIED
      INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT);
      AND (3) AGREES THAT IF IT SHOULD RESELL OR OTHERWISE TRANSFER THIS
      CERTIFICATE IT WILL DELIVER TO EACH PERSON TO WHOM THIS CERTIFICATE IS
      TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. IN CONNECTION
      WITH ANY TRANSFER OF THIS CERTIFICATE, THE TRANSFEREE MUST COMPLETE THE FORM
      ON
      THE REVERSE HEREOF RELATING TO THE MANNER OF SUCH TRANSFER AND SUBMIT SUCH
      FORM
      TO THE PASS THROUGH TRUSTEE. THE PASS THROUGH TRUST AGREEMENT CONTAINS A
      PROVISION REQUIRING THE REGISTRAR TO REFUSE TO REGISTER ANY TRANSFER OF THIS
      CERTIFICATE IN VIOLATION OF THE FOREGOING RESTRICTIONS.

     

    CONTINENTAL
      AIRLINES PASS THROUGH TRUST 2006-1B

    

    Continental
      Airlines

    Pass
      Through Certificates, Series 2006-1B

    Issuance
      Date: June 9, 2006

    

    Final
      Expected Distribution Date: June 2, 2013

    

    Evidencing
      A Fractional Undivided Interest In The Continental Airlines Pass Through Trust
      2006-1B, The Property Of Which Shall Include An Equipment Note Secured By
      Pledged Spare Parts Owned By Continental Airlines, Inc.

    

    

    $____________
      Fractional Undivided Interest

    representing
      0.000769231% of the Trust per $1,000 face amount

    

    THIS
      CERTIFIES THAT            ,
      for
      value received, is the registered owner of a $__________ (______________________
      DOLLARS) Fractional Undivided Interest in the Continental Airlines Pass Through
      Trust, 2006-1B (the “Trust”)
      created by Wilmington Trust Company, as trustee (the “Trustee”),
      pursuant to a Pass Through Trust Agreement, dated as of 

    
      
        
        

      

      
        
        

        
          

        

      

      
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A-2

    September 25,
      1997 (the “Basic
      Agreement”),
      between the Trustee and Continental Airlines, Inc., a Delaware corporation
      (the
“Company”),
      as
      supplemented by Trust Supplement No. 2006-1B thereto, dated as of June 9,
      2006 (the “Trust
      Supplement”
and,
      together with the Basic Agreement, the “Agreement”),
      between the Trustee and the Company, a summary of certain of the pertinent
      provisions of which is set forth below. To the extent not otherwise defined
      herein, the capitalized terms used herein have the meanings assigned to them
      in
      the Agreement. This Certificate is one of the duly authorized Certificates
      designated as “Continental Airlines Pass Through Certificates,
      Series 2006-1B” (herein called the “Certificates”).
      This
      Certificate is issued under and is subject to the terms, provisions and
      conditions of the Agreement. By virtue of its acceptance hereof, the holder
      of
      this Certificate (the “Certificateholder”
and,
      together with all other holders of Certificates issued by the Trust, the
“Certificateholders”)
      assents to and agrees to be bound by the provisions of the Agreement and the
      Intercreditor Agreement. The property of the Trust includes an Equipment Note
      and all rights of the Trust to receive payments under the Intercreditor
      Agreement and the NPA (the “Trust
      Property”).
      The
      Equipment Note is secured by, among other things, a security interest in certain
      aircraft spare parts owned by the Company.

    

    The
      Certificates represent Fractional Undivided Interests in the Trust and the
      Trust
      Property and have no rights, benefits or interest in respect of any other
      separate trust established pursuant to the terms of the Basic Agreement for
      any
      other series of certificates issued pursuant thereto.

    

    Subject
      to and in accordance with the terms of the Agreement and the Intercreditor
      Agreement, from funds then available to the Trustee, there will be distributed
      on March 2, June 2, September 2 and December 2 of each year (or, in any such
      case, if not a Business Day, the next succeeding Business Day) (each, a
“Regular
      Distribution Date”)
      commencing on September 2, 2006, to the Person in whose name this Certificate
      is
      registered at the close of business on the 15th day preceding the Regular
      Distribution Date, an amount in respect of the Scheduled Payments on the
      Equipment Note due on such Regular Distribution Date, the receipt of which
      has
      been confirmed by the Trustee, equal to the product of the percentage interest
      in the Trust evidenced by this Certificate and an amount equal to the sum of
      such Scheduled Payments. Subject to and in accordance with the terms of the
      Agreement and the Intercreditor Agreement, in the event that Special Payments
      on
      the Equipment Note are received by the Trustee, from funds then available to
      the
      Trustee, there shall be distributed on the applicable Special Distribution
      Date,
      to the Person in whose name this Certificate is registered at the close of
      business on the 15th day preceding the Special Distribution Date, an amount
      in respect of such Special Payments on the Equipment Note, the receipt of which
      has been confirmed by the Trustee, equal to the product of the percentage
      interest in the Trust evidenced by this Certificate and an amount equal to
      the
      sum of such Special Payments so received. If a Special Distribution Date is
      not
      a Business Day, distribution shall be made on the immediately following Business
      Day with the same force and effect as if made on such Special Distribution
      Date
      and interest shall accrue during the intervening period. The Trustee shall
      mail
      notice of each Special Payment and the Special Distribution Date therefor to
      the
      Certificateholder of this Certificate.

    
      
        
        

      

      
        
        

        
          

        

      

      
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    Distributions
      on this Certificate will be made by the Trustee by check mailed to the Person
      entitled thereto, without presentation or surrender of this Certificate or
      the
      making of any notation hereon. Except as otherwise provided in the Agreement
      and
      notwithstanding the above, the final distribution on this Certificate will
      be
      made after notice mailed by the Trustee of the pendency of such distribution
      and
      only upon presentation and surrender of this Certificate at the office or agency
      of the Trustee specified in such notice.

    

    The
      Certificates do not represent a direct obligation of, or an obligation
      guaranteed by, or an interest in, the Company or the Trustee or any affiliate
      thereof. The Certificates are limited in right of payment, all as more
      specifically set forth on the face hereof and in the Agreement. All payments
      or
      distributions made to Certificateholders under the Agreement shall be made
      only
      from the Trust Property and only to the extent that the Trustee shall have
      sufficient income or proceeds from the Trust Property to make such payments
      in
      accordance with the terms of the Agreement. Each Certificateholder of this
      Certificate, by its acceptance hereof, agrees that it will look solely to the
      income and proceeds from the Trust Property to the extent available for
      distribution to such Certificateholder as provided in the Agreement. This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for information with respect to the interests, rights, benefits,
      obligations, privileges, and duties evidenced hereby. A copy of the Agreement
      may be examined during normal business hours at the principal office of the
      Trustee, and at such other places, if any, designated by the Trustee, by any
      Certificateholder upon request.

    

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Company and
      the rights of the Certificateholders under the Agreement at any time by the
      Company and the Trustee with the consent of the Certificateholders holding
      Certificates evidencing Fractional Undivided Interests aggregating not less
      than
      a majority in interest in the Trust. Any such consent by the Certificateholder
      of this Certificate shall be conclusive and binding on such Certificateholder
      and upon all future Certificateholders of this Certificate and of any
      Certificate issued upon the transfer hereof or in exchange hereof or in lieu
      hereof whether or not notation of such consent is made upon this Certificate.
      The Agreement also permits the amendment thereof, in certain limited
      circumstances, without the consent of the Certificateholders of any of the
      Certificates.

    

    As
      provided in the Agreement and subject to certain limitations set forth therein,
      the transfer of this Certificate is registrable in the Register upon surrender
      of this Certificate for registration of transfer at the offices or agencies
      maintained by the Trustee in its capacity as Registrar, or by any successor
      Registrar, duly endorsed or accompanied by a written instrument of transfer
      in
      form satisfactory to the Trustee and the Registrar, duly executed by the
      Certificateholder hereof or such Certificateholder’s attorney duly authorized in
      writing, and thereupon one or more new Certificates of authorized denominations
      evidencing the same aggregate Fractional Undivided Interest in the Trust will
      be
      issued to the designated transferee or transferees.

    

    The
      Certificates are issuable only as registered Certificates without coupons in
      minimum denominations of $1,000 Fractional Undivided Interest or integral
      multiples of $1,000 in excess thereof, except that one Certificate may be issued
      in a different denomination. As 

    
      
        
        

      

      
        
        

        
          

        

      

      
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    provided
      in the Agreement and subject to certain limitations therein set forth, the
      Certificates are exchangeable for new Certificates of authorized denominations
      evidencing the same aggregate Fractional Undivided Interest in the Trust, as
      requested by the Certificateholder surrendering the same.

    

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee shall require payment of a sum sufficient to cover any tax
      or
      governmental charge payable in connection therewith.

    

    Each
      Certificateholder and Investor, by its acceptance of this Certificate or a
      beneficial interest herein, agrees to treat the Trust as a grantor trust for
      all
      U.S. federal, state and local income tax purposes.

    

    The
      Trustee, the Registrar, and any agent of the Trustee or the Registrar may treat
      the person in whose name this Certificate is registered as the owner hereof
      for
      all purposes, and neither the Trustee, the Registrar nor any such agent shall
      be
      affected by any notice to the contrary.

    

    The
      obligations and responsibilities created by the Agreement and the Trust created
      thereby shall terminate upon the distribution to Certificateholders of all
      amounts required to be distributed to them pursuant to the Agreement and the
      disposition of all property held as part of the Trust Property.

    

    Any
      Person acquiring or accepting this Certificate or an interest herein will,
      by
      such acquisition or acceptance, be deemed to have represented and warranted
      to
      and for the benefit of the Company that either: (i) the assets of an
      employee benefit plan subject to Title I of the Employee Retirement Income
      Security Act of 1974, as amended (“ERISA”),
      or of
      a plan subject to Section 4975 of the Internal Revenue Code of 1986, as
      amended (the “Code”),
      have
      not been used to purchase this Certificate or an interest herein or
      (ii) the purchase and holding of this Certificate or an interest herein are
      exempt from the prohibited transaction restrictions of ERISA and the Code
      pursuant to one or more prohibited transaction statutory or administrative
      exemptions.

    

    By
      acceptance of this Certificate, each Certificateholder will be deemed to:

    

    (i) Represent
      that it is accepting this Certificate for its own account or an account with
      respect to which it exercises sole investment discretion and that it and any
      such account is a QIB; 

     

    (ii)
       Agree
      that any sale or other transfer by it of this Certificate will only be made
      to a
      QIB; 

     

    (iii) Agree
      that it will deliver to each person to whom it transfers this Certificate notice
      of these restrictions on transfer of this Certificate; 

     

    (iv) Agree
      that no registration of the transfer of a Certificate will be made unless the
      transferee completes and submits to the Trustee the form included on
      the

    
      
        
        

      

      
        
        

        
          

        

      

      
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    reverse
      of this Certificate in which it states that it is purchasing this Certificate
      for its own account or an account with respect to which it exercises sole
      investment discretion and that it and any such account is a QIB; 

     

    (v) Understand
      that this Certificate will bear a legend substantially to the effect of the
      Restricted Legend; 

     

    (vi) Acknowledge
      that the Company, the Trustee, the Underwriter, and others will rely on the
      truth and accuracy of the foregoing acknowledgments, representations, warranties
      and agreements and agree that, if any of the acknowledgments, representations,
      warranties and agreements deemed to have been made by its purchase of this
      Certificate is no longer accurate, it shall promptly notify the Company, the
      Trustee and the Underwriter. If it is acquiring this Certificate as a fiduciary
      or agent of one or more investor accounts, it represents that it has sole
      investment discretion with respect to each such investor account and that it
      has
      full power to make the foregoing acknowledgments, representations and agreements
      on behalf of each such investor account; 

     

    (vii) Acknowledge
      that the foregoing restrictions apply to holders of beneficial interests in
      this
      Certificate as well as to registered holders of this Certificate; and

     

    (viii) Acknowledge
      that the Trustee will not be required to accept for registration of transfer
      this Certificate unless evidence satisfactory to the Company and the Trustee
      that the restrictions on transfer set forth herein have been complied with
      is
      submitted to them. 

     

    THE
      AGREEMENT AND THIS CERTIFICATE HAVE BEEN 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 AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
      SHALL
      BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

    

    Unless
      the certificate of authentication hereon has been executed by the Trustee,
      by
      manual signature, this Certificate shall not be entitled to any benefit under
      the Agreement or be valid for any purpose.

    
      
        
        

      

      
        
        

        
          

        

      

      
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    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

     

    
      
        	 	 	 
	 	
                CONTINENTAL
                  AIRLINES PASS THROUGH

                TRUST
                  2006-1B

              
	 
 	 
 	 
 
	 	By:	
                WILMINGTON
                  TRUST COMPANY,

                   
                  as Trustee

              
	 	 	 
	 	 	 
	 	By:  	 
	 	
                
Name:
	 	Title:

      

    

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
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    FORM
      OF
      THE TRUSTEE’S CERTIFICATE OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

    
       

      
        	 	 	 
	 	
                WILMINGTON
                  TRUST COMPANY,

                   
                  as Trustee

              
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Name:
	 	Title:

      

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
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    TRANSFER
      NOTICE

    

    FORM
      OF
      TRANSFER NOTICE

     

    FOR
      VALUE
      RECEIVED the undersigned registered holder hereby sell(s), assign(s) and
      transfer(s) unto

     

    Insert
      Taxpayer Identification No.

     

    

                                      

     

                                      

     

    please
      print or typewrite name and address including zip code of assignee

     

                                      

    the
      within Certificate and all rights thereunder, hereby irrevocably constituting
      and appointing

    

     

                                      

    attorney
      to transfer said Certificate on the books of the Registrar with full power
      of
      substitution in the premises.

    
      
        
        

      

      
        
        

        
          

        

      

      
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    In
      connection with any transfer of this Certificate, the undersigned
      confirms:

     

    The
      Registrar shall not be obligated to register this Certificate in the name of
      any
      Person other than the Holder hereof unless and until the conditions to any
      such
      transfer of registration set forth herein and in Section 3.05 of the Trust
      Supplement shall have been satisfied.

    

      
        	
                 

                Date:[___________,
                  __]

              	
                 

                [Name
                  of
                  Transferor]              

              
	 	
                 

                NOTE:
                  The signature must correspond with the name as written upon the
                  face of
                  the within-mentioned instrument in every particular, without alteration
                  or
                  any change whatsoever.

              

      

    

     

    Signature
      Guarantee: ______________________

     

    TO
      BE
      COMPLETED BY PURCHASER

     

    The
      undersigned represents and warrants that it is purchasing this Certificate
      for
      its own account or an account with respect to which it exercises sole investment
      discretion and that it and any such account is a “qualified institutional buyer”
within the meaning of Rule 144A under the Securities Act of 1933, as
      amended.

    

    In
      addition, the undersigned has reviewed this Certificate and makes the
      representations, agreements, understandings and acknowledgments deemed made
      by a
      Person acquiring or accepting this Certificate as set forth
      therein.

     

    
      

        
          	
                   

                  Date:[___________,
                    __]

                	
                   

                      

                
	 	
                   

                  
                    NOTE:
                      To be executed by an executive
                      officer.

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