Document:

FIRST AMENDMENT

Exhibit 4.10
EXECUTION VERSION

FIRST AMENDMENT

TO REVOLVING CREDIT, TERM LOAN AND

GUARANTY AGREEMENT

                   
FIRST AMENDMENT, dated as of February 10, 2003 (the "Amendment"),
to the REVOLVING CREDIT, TERM LOAN AND GUARANTY AGREEMENT, dated as of
December 24, 2002, among UNITED AIR LINES, INC., a Delaware corporation
(the "Borrower"), a debtor and a debtor-in-possession in a case
pending under Chapter 11 of the Bankruptcy Code, UAL CORPORATION, a Delaware
corporation and the parent company of the Borrower (the "Parent")
and all of the direct and indirect subsidiaries of the Borrower and the
Parent signatory hereto (the "Subsidiaries" and together with the
Parent, each a "Guarantor" and collectively the "Guarantors"),
each of which Guarantors referred to in this paragraph is a debtor and
a debtor-in-possession in a case pending under Chapter 11 of the Bankruptcy
Code (the cases of the Borrower and the Guarantors, each a "Case"
and collectively, the "Cases"), JPMORGAN CHASE BANK, a New York
banking corporation ("JPMorgan Chase"), CITICORP USA, INC., a Delaware
corporation ("CUSA"), BANK ONE, NA, a national banking corporation
("Bank One"), THE CIT GROUP/BUSINESS CREDIT, INC., a New York corporation
("CIT Group"), each of the other financial institutions from time
to time party hereto (together with JPMorgan Chase, CUSA, Bank One and
CIT Group, the "Lenders"), JPMORGAN CHASE BANK and CUSA, as co-administrative
agents (together, the "Agents") for the Lenders and JPMORGAN CHASE
BANK, as paying agent (in such capacity, the "Paying Agent") for
the Lenders.

W I T N E S S E T H:

               
WHEREAS, the Borrower, the Guarantors, the Lenders, the Paying Agent
and the Agents are parties to that certain Revolving Credit, Term Loan
and Guaranty Agreement, dated as of  December 24, 2002 (as the same
may be amended, modified or supplemented from time to time, the "Credit
Agreement"); and

               
WHEREAS, the Borrower and the Guarantors have requested that from and
after the Effective Date (as hereinafter defined) of this Amendment, the
Credit Agreement be amended subject to and upon the terms and conditions
set forth herein;

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

               
1.        As used herein, all terms
that are defined in the Credit Agreement shall have the same meanings herein.

               
2.        Section 1.01 of the Credit
Agreement is hereby amended by inserting the following new definitions
in appropriate alphabetical order:

        "Borrowing Base Collateral"
shall mean Mortgaged Collateral, Flight Simulators and QEC Kits.
        "Eligible Borrowing Base
Collateral Value" shall mean, at the time of any determination thereof,
an amount equal to Adjusted Orderly Liquidation Value minus the
Ineligible Collateral and Reserves Amount.

        "Adjusted Orderly Liquidation
Value" shall mean, at the time of any determination thereof, an amount
equal to the Orderly Liquidation Value of Borrowing Base Collateral, less
an amount equal to the aggregate Orderly Liquidation Value of Borrowing
Base Collateral sold or otherwise disposed of by the Borrower or any of
the Guarantors since the date of the Current Appraisal hereinafter referred
to most recently delivered to the Agents (such amount shall be determined
by either Agent (in consultation with the other Agent) by estimating such
Orderly Liquidation Value based on the most current appraisal of Collateral
delivered pursuant to Section 4.01(h), 4.02(h) or 5.09, as the case may
be (such appraisal, the "Current Appraisal")).

        "Ineligible Collateral
and Reserves Amount" shall mean, at the time of any determination thereof,
the sum of each of the following, without duplication (at the time of each
such determination, (x) each ineligible item described in clauses (a) through
(o) shall be supported by the Borrower's internal financial books and records
or estimated by the Borrower in a manner reasonably satisfactory to either
Agent (in consultation with the other Agent) and (y) certain ineligibles
and reserves will be based upon the Current Appraisal):

     (a)    an amount equal to any
maintenance costs anticipated by the Borrower to be in excess of the amount
thereof assumed in the Current Appraisal;

     (b)    an amount equal to the
Orderly Liquidation Value of Borrowing Base Collateral (including, without
limitation, parked or stored aircraft (including aircraft temporarily out
of service)), on an aggregate basis, stored at a location not owned by
the Borrower or a Guarantor unless either Agent (in consultation with the
other Agent) has consented to such storage location, in such Agent's sole
commercially reasonable discretion;

     (c)    an amount equal to the
amount by which the Orderly Liquidation Value of an aircraft has decreased
(as reasonably determined by either Agent (in consultation with the other
Agent and the Appraiser)) as a result of variations to aircraft reliability
assumptions with respect to such aircraft in the Current Appraisal as set
forth in the reliability report delivered in conjunction with the Borrowing
Base Certificate in accordance with Schedule I of the most recent Borrowing
Base Certificate;

     (d)    an amount equal to the
Orderly Liquidation Value of Borrowing Base Collateral located on vendor
premises; provided, that at such time as the Agents have completed
their due diligence and review of the Borrower's and the Guarantors' current
vendor liability related to maintenance or overhaul services provided on
Eligible Borrowing Base Collateral and the Agents have quantified such
vendor liability (with any additional amounts the Agents may deem reasonably
necessary for such vendor liability), only the amount of such vendor liability
and any additional amounts the Agents deem reasonably necessary shall be
included in the Ineligible Collateral and Reserves Amount;

     (e)    an amount equal to the
Orderly Liquidation Value of Borrowing Base Collateral that is not located
in the United States (excluding Borrowing Base Collateral maintained in
the United States but used for service outside of the United States);

     (f)    an amount equal to the
Orderly Liquidation Value of aircraft and spare engines that have been
sub-leased to third parties, or spare parts that have been loaned to or
exchanged with third parties;

     (g)    an amount equal to the
Orderly
Liquidation Value of any Borrowing Base Collateral (or portion thereof)
that has been modified specifically for the Borrower's use or Borrowing
Base Collateral designed exclusively for the Borrower's use, including,
but not limited to, property containing technology, logos, designs, fashion
and other proprietary property of this nature (for example, but not by
way of limitation, seat covers and tapestries);

     (h)    an amount equal to three
times the monthly expenses for rent and related charges incurred by the
Borrower and the Guarantors for leased storage and maintenance facilities
where Borrowing Base Collateral is maintained;

     (i)    an amount equal to the
Orderly Liquidation Value of Borrowing Base Collateral stored at a leased
location for which either Agent (in consultation with the other Agent and
in its sole commercially reasonable discretion) has requested the Borrower
obtain a landlord waiver, if such waiver (i) has not been delivered to
the Agents, (ii) is not reasonably satisfactory in form and substance to
the Agents or (iii) is not in full force and effect;

     (j)    an amount equal to the
Orderly Liquidation Value of Borrowing Base Collateral that is subject
to a perfected first priority Lien in favor of any Person other than the
Collateral Agent;

     (k)    an amount equal to the
Orderly Liquidation Value of Borrowing Base Collateral to which the Borrower
does not have sole, good, valid and unencumbered title (other than Liens
which are permitted pursuant to Section 6.01 and junior by operation of
law or otherwise contractually subordinated to the Liens securing the Obligations),
including, without limitation, Borrowing Base Collateral that is on consignment
and is not owned solely by the Borrower;

     (l)    an amount equal to the
Orderly Liquidation Value of Borrowing Base Collateral that is not adequately
insured as determined by either Agent (in consultation with the other Agent)
in its sole commercially reasonable discretion, pursuant to the terms of
the Agreement (it being understood that the determination hereunder shall
be consistent with the determinations by the Agent pursuant to Section
5.03);

     (m)    an amount equal to the
Orderly Liquidation Value of unserviceable (as determined by the Borrower)
QEC Kits, to the extent that such QEC Kits had been appraised as serviceable
in the Current Appraisal;

     (n)    an amount equal to the
Orderly Liquidation Value of Borrowing Base Collateral that is spare engines
that have been scrapped or surveyed for scrap by the Borrower, or determined
by the Borrower to be surplus, to the extent that such spare engines had
been appraised as spare engines in the Current Appraisal; plus

     (o)    an amount equal to the
anticipated costs to comply with modifications (aviation directives) from
time to time mandated by the FAA.

 
    3.        The definitions
of the terms "Borrowing Base", "Borrowing Base Amendment" and "Borrowing
Base Certificate" set forth in Section 1.01 of the Credit Agreement are
hereby amended in their entirety to read as follows:

         "Borrowing Base"
shall mean on any date the amount (calculated based on the most recent
Borrowing Base Certificate delivered pursuant to this Agreement) that is
equal to 55% of Eligible Borrowing Base Collateral Value minus (i)
the Carve-Out, (ii) a reserve satisfactory to the Agents (in consultation
with the Initial Lenders) on account of pari passu cash management
claims granted pursuant to Section 2.23(a) and permitted by Section 6.03(viii),
(iii) the Tranche A Reserve and (iv) other availability reserves established
by the Agents in their commercially reasonable discretion (it being understood
that the reserves referred to in clauses (ii) and (iv) of this sentence
shall not be applicable to extensions of credit in Stage I).  Borrowing
Base standards (in respect of matters other than cash management claims)
may be established and revised from time to time by the Agents in their
sole commercially reasonable discretion (provided, that the Agents
may not revise Borrowing Base standards if the effect thereof would be
to increase the foregoing advance rate or the amount of the Borrowing Base
without the consent of the requisite Lenders as set forth in Section 10.10),with
any changes in such standards to become effective five (5) Business Days
after delivery of notice thereof to the Borrower.
        "Borrowing Base Amendment"
shall mean that certain First Amendment, dated as of February 10, 2003
to the Revolving Credit, Term Loan and Guaranty Agreement.

        "Borrowing Base Certificate"
shall mean a certificate substantially in the form of Exhibit H together
with all supporting documentation required to be delivered as specified
in Schedule 1 to Exhibit H (with such changes therein from time to time
as may be required by the Collateral Agent to reflect the components of
and reserves against the Borrowing Base as provided for hereunder from
time to time), executed and certified by a Financial Officer of the Borrower,
which shall include appropriate exhibits, schedules and collateral reporting
requirements as referred to therein and as provided for in Section 5.07.

 
    4.        Section
5.07 of the Credit Agreement is hereby amended in its entirety to read
as follows:

 

SECTION 5.07  Borrowing Base Certificate. 
Following the execution and delivery of the Borrowing Base Amendment, furnish
to the Agents and the Collateral Agent as soon as available and in any
event (i) on or before the last Business Day of each month, a monthly Borrowing
Base Certificate as of the last day of the immediately preceding month
and (ii) if requested by either Agent (in consultation with the other Agent)
or Collateral Agent at any other time when either Agent (in consultation
with the other Agent) or Collateral Agent reasonably believes that the
then existing Borrowing Base Certificate is materially inaccurate, or at
any time following the occurrence and continuation of an Event of Default,
as soon as reasonably available but in no event later than three (3) Business
Days after such request, a Borrowing Base Certificate showing the Borrowing
Base as of the date so requested, in each case with supporting documentation
and additional reports with respect to the Borrowing Base as either Agent
(in consultation with the other Agent) or Collateral Agent shall reasonably
request.
    5.       Section 5.09
of the Credit Agreement is hereby amended by deleting the number "30" appearing
therein and inserting in lieu thereof the number "45".
    6.        The
Credit Agreement is hereby further amended by adding a new "Exhibit H"
in the form attached hereto as Exhibit A.

    7.        This
Amendment shall not become effective until the date (the "Effective
Date") on which this Amendment shall have been executed by the Borrower,
the Guarantors and the Initial Lenders, and the Agents shall have received
evidence satisfactory to it of such execution.

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

    9.        The
Borrower agrees that its obligations set forth in Section 10.05 of the
Credit Agreement shall extend to the preparation, execution and delivery
of this Amendment, including the reasonable fees and disbursements of special
counsel to the Agents.

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

    11.       This Amendment
may be executed in any number of counterparts and by the different parties
hereto in separate counterparts, each of which when so executed and delivered
shall be deemed to be an original and all of which taken together shall
constitute but one and the same instrument.

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

[SIGNATURE PAGES TO FOLLOW]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment
to be duly executed as of the day and the year first written.

 

 

	BORROWER:
	UNITED AIR LINES, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
Executive Vice President & 

                   
Chief Financial Officer
	 
	 
	GUARANTOR:
	UAL CORPORATION
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
Executive Vice President & 

                   
Chief Financial Officer
	 
	 
	GUARANTOR:
	UAL LOYALTY SERVICES, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                  
General Counsel and Secretary 
	 
	 
	GUARANTOR:
	UAL COMPANY SERVICES, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
Vice President and Treasurer 
	 

 
	 
	GUARANTOR:
	CONFETTI, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary 
	 
	 
	GUARANTOR:
	MILEAGE PLUS HOLDINGS, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary 
	 
	 
	GUARANTOR:
	MILEAGE PLUS MARKETING, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary 
	 
	GUARANTOR:
	MYPOINTS.COM, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary 
	 
	 
	GUARANTOR:
	CYBERGOLD, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary 
	 
	 
	GUARANTOR:
	ITARGET.COM, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary 
	 
	 
	GUARANTOR:
	MYPOINTS OFFLINE SERVICES, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary
	 
	 
	GUARANTOR:
	UAL BENEFITS MANAGEMENT, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
President
	 
	 
	GUARANTOR:
	UNITED BIZJET HOLDINGS, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary
	 

 
	 
	GUARANTOR:
	BIZ JET CHARTER, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary
	 
	 
	GUARANTOR:
	BIZJET FRACTIONAL, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary
	 
	 
	GUARANTOR:
	BIZJET SERVICES, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary
	 
	 
	GUARANTOR:
	KION LEASING, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
President
	 
	 
	GUARANTOR:
	PREMIER MEETING AND TRAVEL 
SERVICES, INC.

	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
Vice President and Treasurer
	 
	 
	GUARANTOR:
	UNITED AVIATION FUELS CORPORATION
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
Vice President and Treasurer
	 
	 
	GUARANTOR:
	UNITED COGEN, INC.
	 
	 
	By:  /s/ Francesca M. Maher
	        Name:  Francesca
M. Maher
	        Title:   
Vice President and Secretary
	 
	 
	GUARANTOR:
	MILEAGE PLUS, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
Vice President 
	 
	 
	GUARANTOR:
	UNITED GHS, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
President 
	 
	 
	GUARANTOR:
	UNITED WORLDWIDE CORPORATION
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
President 
	 
	 
	GUARANTOR:
	UNITED VACATIONS, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
Vice President 
	 
	 
	GUARANTOR:
	FOUR STAR LEASING, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
President 
	 
	 
	GUARANTOR:
	AIR WIS SERVICES, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
President 
	 
	 
	GUARANTOR:
	AIR WISCONSIN, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
President 
	 
	 
	GUARANTOR:
	DOMICILE MANAGEMENT SERVICES, INC.
	 
	 
	By:  /s/ Francesca M. Maher
	        Name:  Francesca
M. Maher
	        Title:   
Vice President and Secretary 
	 
	 
	LENDERS:
	 
	JPMORGAN CHASE  BANK,

As a co-administrative agent, Paying Agent and a Lender
	 
	 
	By:  /s/  John C. Riordan
	        Name:  John
C. Riordan
	        Title:   
Vice President
	 
	 
	CITICORP USA, INC.
	As a co-administrative agent and a Lender
	 
	 
	By:  /s/  James J. McCarthy
	        Name:  James
J. McCarthy
	        Title:   
Director and Vice President
	 
	 
	BANKONE, NA
	as a Lender
	 
	 
	By:  /s/  Patrick J. Fravel
	        Name:  Patrick
J. Fravel
	        Title:   
Vice President
	 
	 
	THE CIT GROUP/BUSINESS CREDIT, INC.
	as a Lender
	 
	 
	By:  /s/  Alan Strauss
	        Name:  Alan
Strauss
	        Title:   
Vice President - Team LeaderFIRST AMENDMENT

Exhibit 4.11
EXECUTION VERSION

 

SECOND AMENDMENT

TO REVOLVING CREDIT, TERM LOAN AND

GUARANTY AGREEMENT

               
SECOND AMENDMENT, dated as of February 10, 2003 (the "Amendment"),
to the REVOLVING CREDIT, TERM LOAN AND GUARANTY AGREEMENT, dated as of
December 24, 2002, among UNITED AIR LINES, INC., a Delaware corporation
(the "Borrower"), a debtor and a debtor-in-possession in a case
pending under Chapter 11 of the Bankruptcy Code, UAL CORPORATION, a Delaware
corporation and the parent company of the Borrower (the "Parent")
and all of the direct and indirect subsidiaries of the Borrower and the
Parent signatory thereto (the "Subsidiaries" and together with the
Parent, each a "Guarantor" and collectively the "Guarantors"),
each of which Guarantors referred to in this paragraph is a debtor and
a debtor-in-possession in a case pending under Chapter 11 of the Bankruptcy
Code, JPMORGAN CHASE BANK, a New York banking corporation ("JPMorgan
Chase"), CITICORP USA, INC., a Delaware corporation ("CUSA"),
BANK ONE, NA, a national banking corporation ("Bank One"), THE CIT
GROUP/BUSINESS CREDIT, INC., a New York corporation ("CIT Group"),
each of the other financial institutions from time to time party hereto
(together with JPMorgan Chase, CUSA, Bank One and CIT Group, the "Lenders"),
JPMORGAN CHASE BANK and CUSA, as co-administrative agents (together, the
"Agents") for the Lenders and JPMORGAN CHASE BANK, as paying agent
(in such capacity, the "Paying Agent") for the Lenders.

W I T N E S S E T H:

               
WHEREAS, the Borrower, the Guarantors, the Lenders, the Paying Agent
and the Agents are parties to that certain Revolving Credit, Term Loan
and Guaranty Agreement, dated as of  December 24, 2002 (as the same
may be amended, modified or supplemented from time to time, the "Credit
Agreement"); and

               
WHEREAS, the Borrower, the Guarantors and the Lenders have agreed that
from and after the Effective Date (as hereinafter defined) of this Amendment,
the Credit Agreement shall be amended as set forth herein subject to and
upon the terms and conditions set forth herein;

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

               
1.    As used herein, all terms that are defined in the
Credit Agreement shall have the same meanings herein.

               
2.    Section 1.01 of the Credit Agreement is hereby amended
by inserting the following new definition in appropriate alphabetical order:

"Second Amendment Effective Date" shall mean the Effective Date
as defined in that certain Second Amendment, dated as of February 10, 2003,
to this Agreement.

               
3.    The definition of the term "Adjusted LIBOR Rate" is
hereby amended by deleting the percentage "2%" appearing in clause (B)
of the first sentence thereof and inserting in lieu thereof the percentage
"3%".
               
4.    Section 2.01 of the Credit Agreement is hereby amended
by inserting the following paragraph (d) immediately following paragraph
(c) thereof:

(d)  Limitation of Commitments. Notwithstanding any other
provision of this Agreement to the contrary (including, without limitation,
Sections 2.01(a) and 2.01(c)), forthwith upon the occurrence of the Second
Amendment Effective Date, (x) the Tranche A Commitment of each Initial
Lender shall be reduced from $200,000,000 to $150,000,000 (with Tranche
A Commitments in excess of the aggregate principal amount of $600,000,000
up to the aggregate principal amount of $800,000,000 to be subject to syndication
and usage of the Tranche A Commitments during Stage II to be subject to
the Tranche A Reserve at all times) and (y) the written consent of Lenders
having Tranche A Commitments and Tranche B Commitments representing at
least 90% of the Total Commitment in the aggregate at that time shall be
required prior to such syndication of additional Tranche A Commitments
in excess of the aggregate principal amount of $600,000,000.

               
5.    Section 2.08(a) is hereby amended by deleting the
percentage "3.5%" appearing therein and inserting in lieu thereof the percentage
"5.5%".
               
6.    Section 2.08(b) is hereby amended by deleting the
percentage "4.5%" appearing therein and inserting in lieu thereof the percentage
"6.5%".

               
7.    Section 2.21 of the Credit Agreement is hereby amended
by deleting the phrase "four and one-half percent (4.5%)" appearing in
the first sentence thereof and inserting in lieu thereof the phrase "six
and one-half percent (6.5%)".

               
8.    Section 6.13 of the Credit Agreement is hereby amended
by deleting the amount "$200,000,000" set forth therein and inserting in
lieu thereof the amount "$300,000,000".

               
9.    Annex A to the Credit Agreement is hereby replaced
by Annex A attached to this Amendment.

               
10.   This Amendment shall not become effective until the date
(the "Effective Date") on which this Amendment shall have been executed
by the Borrower, the Guarantors and the Initial Lenders, and the Agents
shall have received evidence satisfactory to it of such execution.

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

               
12.    The Borrower agrees that its obligations set forth
in Section 10.05 of the Credit Agreement shall extend to the preparation,
execution and delivery of this Amendment, including the reasonable fees
and disbursements of special counsel to the Agents.

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

               
14.    This Amendment may be executed in any number of counterparts
and by the different parties hereto in separate counterparts, each of which
when so executed and delivered shall be deemed to be an original and all
of which taken together shall constitute but one and the same instrument.

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

[SIGNATURE PAGES TO FOLLOW]

               
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed as of the day and the year first written.

 

 

	BORROWER:
	UNITED AIR LINES, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
Executive Vice President & 

                   
Chief Financial Officer
	 
	 
	GUARANTOR:
	UAL CORPORATION
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
Executive Vice President & 

                   
Chief Financial Officer
	 
	 
	GUARANTOR:
	UAL LOYALTY SERVICES, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 
                   
General Counsel and Secretary 

	 
	 
	GUARANTOR:
	UAL COMPANY SERVICES, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
Vice President and Treasurer 
	 

 
	 
	GUARANTOR:
	CONFETTI, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 
                   
General Counsel and Secretary 

	 
	 
	GUARANTOR:
	MILEAGE PLUS HOLDINGS, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary 
	 
	 
	GUARANTOR:
	MILEAGE PLUS MARKETING, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary 
	 
	GUARANTOR:
	MYPOINTS.COM, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary 
	 

 
	 
	GUARANTOR:
	CYBERGOLD, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary 
	 
	 
	GUARANTOR:
	ITARGET.COM, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary 
	 
	 
	GUARANTOR:
	MYPOINTS OFFLINE SERVICES, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary
	 
	 
	GUARANTOR:
	UAL BENEFITS MANAGEMENT, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
President

 
	 
	 
	GUARANTOR:
	UNITED BIZJET HOLDINGS, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary
	 

	 
	GUARANTOR:
	BIZ JET CHARTER, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary
	 
	 
	GUARANTOR:
	BIZJET FRACTIONAL, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary
	 
	 
	GUARANTOR:
	BIZJET SERVICES, INC.
	 
	 
	By:  /s/ Steven M. Rasher
	        Name:  Steven
M. Rasher
	        Title:   
Senior Vice President, 

                   
General Counsel and Secretary

 
	 
	 
	GUARANTOR:
	KION LEASING, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
President
	 
	 
	GUARANTOR:
	PREMIER MEETING AND TRAVEL 

SERVICES, INC.
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
Vice President and Treasurer
	 
	 
	GUARANTOR:
	UNITED AVIATION FUELS CORPORATION
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
Vice President and Treasurer
	 
	 
	GUARANTOR:
	UNITED COGEN, INC.
	 
	 
	By:  /s/ Francesca M. Maher
	        Name:  Francesca
M. Maher
	        Title:   
Vice President and Secretary
	 
	 
	GUARANTOR:
	MILEAGE PLUS, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
Vice President 
	 

 
	 
	GUARANTOR:
	UNITED GHS, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
President 
	 
	 
	GUARANTOR:
	UNITED WORLDWIDE CORPORATION
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
President 
	 
	 
	GUARANTOR:
	UNITED VACATIONS, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
Vice President 
	 
	 
	GUARANTOR:
	FOUR STAR LEASING, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
President 
	 
	 
	GUARANTOR:
	AIR WIS SERVICES, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
President 
	 
	 
	GUARANTOR:
	AIR WISCONSIN, INC.
	 
	 
	By:  /s/ Frederic F. Brace
	        Name:  Frederic
F. Brace
	        Title:   
President 
	 
	 
	GUARANTOR:
	DOMICILE MANAGEMENT SERVICES, INC.
	 
	 
	By:  /s/ Francesca M. Maher
	        Name:  Francesca
M. Maher
	        Title:   
Vice President and Secretary 
	 
	 
	LENDERS:
	 
	JPMORGAN CHASE  BANK,

As a co-administrative agent, Paying Agent and a Lender
	 
	 
	By:  /s/  John C. Riordan
	        Name:  John
C. Riordan
	        Title:   
Vice President
	 
	 
	CITICORP USA, INC.
	As a co-administrative agent and a Lender
	 
	 
	By:  /s/  James J. McCarthy
	        Name:  James
J. McCarthy
	        Title:   
Director and Vice President

 
	 
	 
	BANKONE, NA
	as a Lender
	 
	 
	By:  /s/  Patrick J. Fravel
	        Name:  Patrick
J. Fravel
	        Title:   
Vice President
	 
	 
	THE CIT GROUP/BUSINESS CREDIT, INC.
	as a Lender
	 
	 
	By:  /s/  Alan Strauss
	        Name:  Alan
Strauss
	        Title:   
Vice President - Team Leader 
	 
	 

 

ANNEX A

to

REVOLVING CREDIT, TERM LOAN AND GUARANTY AGREEMENT

Dated as of December 24, 2002 (as amended)

	Lender	
Tranche A Commitment ($)
	
Tranche A Commitment Percentage (%)
	
Tranche B Commitment ($)
	
Tranche B Commitment Percentage (%)

	 	 	 	 	 
	JPMorgan Chase Bank

270 Park Avenue

New York, New York  10017

Attn:  Richard Thayer

           
Managing Director	   $  150,000,000	25.0%	   $ 
100,000,000	25.0%
	 	 	 	 	 
	Citicorp USA, Inc.

388 Greenwich Street 

19th Floor

New York, New York  10013

Attn:  James McCarthy

           
Director	      
150,000,000	25.0	     
100,000,000	25.0
	 	 	 	 	 
	Bank One NA

One Bank One Plaza

Chicago, Illinois  60670

Attn:  Paul C. Hennesy

           
Managing Director	      
150,000,000	25.0	    
100,000,000	25.0
	 	 	 	 	 
	The CIT Group/Business Credit,
Inc.

1211 Avenue of the Americas

New York, New York 10036

Attn:  Peter Skavla

           
Senior Vice President	      
150,000,000	25.0	    
100,000,000	25.0
	 	 	 	 	 
	Total	   $  600,000,000	100.0%	   $ 
400,000,000	100.0%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00049-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00049-of-00352.parquet"}]]