Document:

EX-4.5

 Exhibit 4.5 

Execution Version 

INTERCREDITOR AGREEMENT 

(2016-1) 
 Dated as of
January 19, 2016 
 among 

WILMINGTON TRUST COMPANY, 
 as
Trustee of the 
 American Airlines Pass Through Trust 2016-1AA 

American Airlines Pass Through Trust 2016-1A 

and 
 American Airlines Pass
Through Trust 2016-1B 
 KFW IPEX-BANK GMBH, 

as Class AA Liquidity Provider 

as Class A Liquidity Provider 

and 
 as Class B Liquidity
Provider 
 and 
 WILMINGTON
TRUST COMPANY, 
 as Subordination Agent 

Intercreditor Agreement (2016-1) 

American Airlines Aircraft EETC 

 Table of Contents 

 

							
	 	 	 	  	Page	 
	
	ARTICLE I	  
	
	DEFINITIONS	  
			
	Section 1.01.	 	 Definitions
	  	 	2	  
	
	ARTICLE II	  
	
	TRUST ACCOUNTS; CONTROLLING PARTY	  
			
	Section 2.01.	 	 Agreement to Terms of Subordination; Payments from Monies Received Only
	  	 	23	  
	Section 2.02.	 	 Trust Accounts
	  	 	23	  
	Section 2.03.	 	 Deposits to the Collection Account and Special Payments Account
	  	 	25	  
	Section 2.04.	 	 Distributions of Special Payments
	  	 	25	  
	Section 2.05.	 	 Designated Representatives
	  	 	27	  
	Section 2.06.	 	 Controlling Party
	  	 	28	  
	
	ARTICLE III	  
	
	 RECEIPT, DISTRIBUTION AND APPLICATION OF

AMOUNTS RECEIVED
	   
   

			
	Section 3.01.	 	 Written Notice of Distribution
	  	 	29	  
	Section 3.02.	 	 Distribution of Amounts on Deposit in the Collection Account
	  	 	31	  
	Section 3.03.	 	 Other Payments
	  	 	34	  
	Section 3.04.	 	 Payments to the Trustees and the Liquidity Providers
	  	 	34	  
	Section 3.05.	 	 Liquidity Facilities
	  	 	34	  
	
	ARTICLE IV	  
	
	EXERCISE OF REMEDIES	  
			
	Section 4.01.	 	 Directions from the Controlling Party
	  	 	42	  
	Section 4.02.	 	 Remedies Cumulative
	  	 	44	  
	Section 4.03.	 	 Discontinuance of Proceedings
	  	 	44	  
	Section 4.04.	 	 Right of Certificateholders and the Liquidity Providers to Receive Payments Not to Be Impaired
	  	 	44	  

  

					
		 		 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

							
	
	ARTICLE V	  
	
	 DUTIES OF THE SUBORDINATION AGENT;

AGREEMENTS OF TRUSTEES, ETC.
	   
   

			
	Section 5.01.	 	 Notice of Indenture Event of Default or Triggering Event
	  	 	45	  
	Section 5.02.	 	 Indemnification
	  	 	46	  
	Section 5.03.	 	 No Duties Except as Specified in Intercreditor Agreement
	  	 	46	  
	Section 5.04.	 	 Notice from the Liquidity Providers and Trustees
	  	 	47	  
	
	ARTICLE VI	  
	
	THE SUBORDINATION AGENT	  
			
	Section 6.01.	 	 Authorization; Acceptance of Trusts and Duties
	  	 	47	  
	Section 6.02.	 	 Absence of Duties
	  	 	47	  
	Section 6.03.	 	 No Representations or Warranties as to Documents
	  	 	47	  
	Section 6.04.	 	 No Segregation of Monies; No Interest
	  	 	48	  
	Section 6.05.	 	 Reliance; Agents; Advice of Counsel
	  	 	48	  
	Section 6.06.	 	 Capacity in Which Acting
	  	 	48	  
	Section 6.07.	 	 Compensation
	  	 	48	  
	Section 6.08.	 	 May Become Certificateholder
	  	 	48	  
	Section 6.09.	 	 Subordination Agent Required; Eligibility
	  	 	49	  
	Section 6.10.	 	 Money to Be Held in Trust
	  	 	49	  
	Section 6.11.	 	 Notice of Substitution or Replacement of Airframe
	  	 	49	  
	
	ARTICLE VII	  
	
	SUCCESSOR SUBORDINATION AGENT	  
			
	Section 7.01.	 	 Replacement of Subordination Agent; Appointment of Successor
	  	 	49	  
	
	ARTICLE VIII	  
	
	SUPPLEMENTS AND AMENDMENTS	  
			
	Section 8.01.	 	 Amendments, Waivers, Etc.
	  	 	51	  
	Section 8.02.	 	 Subordination Agent Protected
	  	 	55	  
	Section 8.03.	 	 Effect of Supplemental Agreements
	  	 	55	  
	Section 8.04.	 	 Notice to Rating Agencies
	  	 	56	  
	
	ARTICLE IX	  
	
	MISCELLANEOUS	  
			
	Section 9.01.	 	 Termination of Intercreditor Agreement
	  	 	56	  
	Section 9.02.	 	 Intercreditor Agreement for Benefit of Trustees, Liquidity Providers and Subordination Agent
	  	 	56	  

  

					
		 	ii	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

							
	Section 9.03.	 	 Notices
	  	 	56	  
	Section 9.04.	 	 Severability
	  	 	57	  
	Section 9.05.	 	 No Oral Modifications or Continuing Waivers
	  	 	57	  
	Section 9.06.	 	 Successors and Assigns
	  	 	58	  
	Section 9.07.	 	 Headings
	  	 	58	  
	Section 9.08.	 	 Counterparts
	  	 	58	  
	Section 9.09.	 	 Subordination
	  	 	58	  
	Section 9.10.	 	 Governing Law
	  	 	59	  
	Section 9.11.	 	 Submission to Jurisdiction; Waiver of Jury Trial; Waiver of Immunity
	  	 	59	  
	Section 9.12.	 	 Non-Petition
	  	 	60	  

  

					
		 	iii	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

 INTERCREDITOR AGREEMENT 

This INTERCREDITOR AGREEMENT, dated as of January 19, 2016, is made by and among WILMINGTON TRUST COMPANY, a Delaware trust company (in
its individual capacity, together with its successors and permitted assigns, “WTC”), not in its individual capacity but solely as trustee of each Trust (such term and other capitalized terms used herein without definition being
defined as provided in Article I), KfW IPEX-Bank GmbH, as Class AA Liquidity Provider, Class A Liquidity Provider and Class B Liquidity Provider (“KfW”), and WILMINGTON TRUST COMPANY, a Delaware trust company,
not in its individual capacity except as expressly set forth herein, but solely as Subordination Agent and trustee hereunder (in such capacity, together with any successor appointed pursuant to Article VII, the “Subordination
Agent”). 
 WHEREAS, pursuant to each Indenture with respect to an Aircraft, American will issue on a recourse basis three series
of Equipment Notes secured by, among other things, such Aircraft; 
 WHEREAS, pursuant to each Participation Agreement, each Trust will
acquire Equipment Notes having an interest rate identical to the interest rate applicable to the Certificates issued by such Trust; 

WHEREAS, pursuant to each Trust Agreement, the Trust created thereby proposes to issue a single Class of Certificates bearing the interest
rate and having the final distribution date described in such Trust Agreement on the terms and subject to the conditions set forth therein; 

WHEREAS, pursuant to the Underwriting Agreement, the Underwriters propose to purchase the Class AA Certificates issued by the Class AA Trust,
the Class A Certificates issued by the Class A Trust and the Class B Certificates issued by the Class B Trust in the aggregate face amount set forth opposite the name of such Trust on Schedule I thereto on the terms and subject to the
conditions set forth therein; 
 WHEREAS, the Liquidity Provider proposes to enter into three separate revolving credit agreements with the
Subordination Agent, as agent and trustee for the Trustee of each of the Class AA Trust, Class A Trust and Class B Trust, respectively, for the benefit of the Certificateholders of such Trust; and 

WHEREAS, it is a condition precedent to the obligations of the Underwriters under the Underwriting Agreement that the Subordination Agent, the
Trustees and the Liquidity Provider agree to the terms of subordination set forth in this Agreement in respect of each Class of Certificates, and the Subordination Agent, the Trustees and the Liquidity Provider, by entering into this Agreement,
hereby acknowledge and agree to such terms of subordination and the other provisions of this Agreement; 
 NOW, THEREFORE, in consideration
of the mutual agreements herein contained, and of other good and valuable consideration the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 

  

					
		 	1	 	Intercreditor Agreement (2016-1)
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 ARTICLE I 

DEFINITIONS 

Section 1.01. Definitions. (a) The definitions stated herein apply equally to the singular and the plural forms of the terms
defined. 
 (b) All references in this Agreement to designated “Articles”, “Sections” and other subdivisions are to the
designated Articles, Sections and other subdivisions of this Agreement. 
 (c) The words “herein”, “hereof” and
“hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular Article, Section or other subdivision. 

(d) Unless the context otherwise requires, whenever the words “including”, “include” or “includes” are used
herein, it shall be deemed to be followed by the phrase “without limitation”. 
 (e) All references in this Agreement to a Person
shall include successors and permitted assigns of such Person. 
 (f) For purposes of this Agreement, unless the context otherwise requires,
the following capitalized terms shall have the following meanings: 
 “Acceleration” means, with
respect to the amounts payable in respect of the Equipment Notes issued under any Indenture, such amounts becoming immediately due and payable by declaration or otherwise. “Accelerate”, “Accelerated” and “Accelerating”
have meanings correlative to the foregoing. 
 “Actual Disposition Event” means, in
respect of any Equipment Note: (i) the sale or disposition by the applicable Loan Trustee of the Aircraft securing such Equipment Note for cash, (ii) the occurrence of the mandatory redemption date for such Equipment Note following an
Event of Loss (as defined in such Indenture) with respect to such Aircraft or (iii) the sale by the Subordination Agent of such Equipment Note for cash. 

“Additional Certificateholders” has the meaning specified in Section 8.01(d). 

“Additional Certificates” has the meaning specified in Section 8.01(d). 

“Additional Equipment Notes” has the meaning specified in Section 8.01(d). 

“Additional Trust” has the meaning specified in Section 8.01(d). 

“Additional Trust Agreement” has the meaning specified in Section 8.01(d). 

“Additional Trustee” has the meaning specified in Section 8.01(d). 

“Administration Expenses” has the meaning specified in clause “first” of
Section 3.02. 

  

					
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 “Advance” means, with respect to any Liquidity Facility,
any Advance as defined in such Liquidity Facility. 
 “Affiliate” means, with respect to
any Person, any other Person directly or indirectly controlling, controlled by or under direct or indirect common control with such Person. For the purposes of this definition, “control”, when used with respect to any specified Person,
means the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities or by contract or otherwise; and the terms “controlling” and
“controlled” have meanings correlative to the foregoing. 
 “Agreement” means
this Intercreditor Agreement, dated as of January 19, 2016, as it may be amended, supplemented or otherwise modified from time to time. 

“Aircraft” means, with respect to each Indenture, the “Aircraft” referred to therein.

 “American” means American Airlines, Inc., a Delaware corporation, and its successors and
permitted assigns. 
 “American Bankruptcy Event” means the occurrence and continuation
of any of the following: 
 (a) American consents to the appointment of or the taking of possession by a
receiver, trustee or liquidator of itself or of a substantial part of its property, admits in writing its inability to pay its debts generally as they come due or makes a general assignment for the benefit of creditors; 

(b) American files a voluntary petition in bankruptcy or a voluntary petition or an answer seeking reorganization, liquidation
or other relief as a debtor in a case under any bankruptcy laws or insolvency laws (as in effect at such time) or an answer admitting the material allegations of a petition filed against American as a debtor in any such case, or American seeks
relief as a debtor by voluntary petition, answer or consent, under the provisions of any other bankruptcy or other similar law providing for the reorganization or winding-up of corporations (as in effect at such time), or American seeks an
agreement, composition, extension or adjustment with its creditors under such laws; 
 (c) an order, judgment or decree is
entered by any court of competent jurisdiction appointing, without the consent of American, a receiver, trustee or liquidator of American or sequestering any substantial part of its property, or granting any other relief in respect of American as a
debtor under any bankruptcy laws or insolvency laws (as in effect at such time), and any such order, judgment or decree of appointment or sequestration remains in force undismissed, unstayed and unvacated for a period of 90 days after the date of
entry thereof; or 
 (d) a petition against American as a debtor in a case under the federal bankruptcy laws or other
insolvency laws (as in effect at such time) is filed and not withdrawn or dismissed within 90 days thereafter, or if, under the provisions of any law 

  

					
		 	3	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

 
providing for reorganization or winding-up of corporations that applies to American , any court of competent jurisdiction assumes jurisdiction, custody or control of American or of any
substantial part of its property and such jurisdiction, custody or control remains in force unrelinquished, unstayed and unterminated for a period of 90 days. 

“American Provisions” has the meaning specified in Section 8.01(a). 

“Appraisal” has the meaning specified in Section 4.01(a)(iii). 

“Appraised Current Market Value” of any Aircraft means the lower of the average and the median of the
three most recent Post-Default Appraisals of such Aircraft. 
 “Appraisers” means
Aircraft Information Services, Inc., BK Associates, Inc. and Morten Beyer & Agnew, Inc. or, so long as the Person entitled or required hereunder to select such Appraiser acts reasonably, any other nationally recognized appraiser reasonably
satisfactory to the Subordination Agent and the Controlling Party. 
 “Available Amount”
means, with respect to any Liquidity Facility on any drawing date, subject to the proviso contained in the first sentence of Section 3.05(g), an amount equal to (a) the Stated Amount of such Liquidity Facility at such time, less
(b) the aggregate amount of each Interest Drawing honored by the Liquidity Provider under such Liquidity Facility on or prior to such date that has not been reimbursed or reinstated as of such date; provided,
that, following a Downgrade Drawing (subject to any reinstatement of the obligations of such Liquidity Provider pursuant to Section 2.06(d) of such Liquidity Facility), a Non-Extension Drawing, a Special Termination Drawing or a Final Drawing
under such Liquidity Facility, the Available Amount of such Liquidity Facility shall be zero. 

“Bankruptcy Code” means the United States Bankruptcy Code, 11 United States Code §§101
et seq., as amended, or any successor statutes thereto. 
 “Basic
Agreement” means that certain Pass Through Trust Agreement, dated as of September 16, 2014, between American and Wilmington Trust Company, as trustee, as the same may be amended, supplemented or otherwise modified from time to time
in accordance with its terms, but does not include any Trust Supplement. 
 “Business
Day” means, with respect to the Certificates of any Class, any day other than a Saturday, or a Sunday or a day on which commercial banks are required or authorized to close in New York, New York, Fort Worth, Texas, Wilmington, Delaware,
or, so long as any Certificate is outstanding, the city and state in which any Trustee, the Subordination Agent or any related Loan Trustee maintains its Corporate Trust Office or receives and disburses funds, and that, solely with respect to draws
under any Liquidity Facility, also is a “Business Day” as defined in such Liquidity Facility. 

“Cash Collateral Account” means the Class AA Cash Collateral Account, the Class A Cash
Collateral Account or the Class B Cash Collateral Account, as applicable. 

“Certificate” means a Class AA Certificate, Class A Certificate or a Class B Certificate, as
applicable. 

  

					
		 	4	 	Intercreditor Agreement (2016-1)
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 “Certificate Buy-Out Event” means that an American
Bankruptcy Event has occurred and is continuing and either of the following events has occurred: (A) (i) the 60-Day Period has expired, and (ii) American has not entered into one or more agreements under Section 1110(a)(2)(A) of
the Bankruptcy Code to perform all of its obligations under all of the Indentures and cured defaults under all of the Indentures in accordance with Section 1110(a)(2)(B) of the Bankruptcy Code or, if it has entered into such agreements, has at
any time thereafter failed to cure any default under any of the Indentures in accordance with Section 1110(a)(2)(B) of the Bankruptcy Code; or (B) prior to the expiry of the 60-Day Period, American shall have abandoned any Aircraft.

 “Certificateholder” means, with respect to any Class of Certificates, the Person in whose
name a Certificate is registered in the Register for the Certificates of such Class. 
 “Citizen of
the United States” has the meaning specified for such term in Section 40102(a)(15) of Title 49 of the United States Code or any similar legislation of the United States enacted in substitution or replacement therefor.

 “Class” means a single class of Certificates issued by a Trust pursuant to a Trust
Agreement. 
 “Class A Adjusted Interest” means, as of any Current Distribution
Date: (I) any interest described in clause (II) of this definition accrued prior to the immediately preceding Distribution Date which remains unpaid and (II) the sum of (A) interest determined at the Stated Interest
Rate for the Class A Certificates for the period commencing on, and including, the immediately preceding Distribution Date (or, if the Current Distribution Date is the first Distribution Date, the Closing Date) and ending on, but excluding, the
Current Distribution Date, on the Eligible A Pool Balance on such Current Distribution Date and (B) the sum of interest for each Series A Equipment Note with respect to which, or with respect to the Aircraft with respect to which such
Equipment Note was issued, a disposition, distribution, sale or Deemed Disposition Event has occurred since the immediately preceding Distribution Date (but only if no such event has previously occurred with respect to such Series A Equipment
Note), determined at the Stated Interest Rate for the Class A Certificates for each day during the period commencing on, and including, the immediately preceding Distribution Date (or, if the Current Distribution Date is the first Distribution
Date, the Closing Date) and ending on, but excluding, the date of the earliest of such disposition, distribution, sale or Deemed Disposition Event with respect to such Series A Equipment Note or such Aircraft, as the case may be, on the
principal amount of such Series A Equipment Note calculated pursuant to clause (B)(i), (ii), (iii) or (iv), as applicable, of the definition of Eligible A Pool Balance. 

“Class A Cash Collateral Account” means, in respect of the Class A Liquidity Facility, an
Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in
Section 3.05(f). 
 “Class A Certificateholder” means, at any time, any
Certificateholder of one or more Class A Certificates. 

  

					
		 	5	 	Intercreditor Agreement (2016-1)
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 “Class A Certificates” means the certificates issued
by the Class A Trust, substantially in the form of Exhibit A to the Class A Trust Agreement, and authenticated by the Class A Trustee, representing Fractional Undivided Interests in the Class A Trust, and any certificates issued
in exchange therefor or replacement thereof pursuant to the terms of the Class A Trust Agreement. 

“Class A Liquidity Expenses” means all Class A Liquidity Obligations other than (i) the
principal amount of any Drawings under the Class A Liquidity Facility and (ii) any interest accrued on any Class A Liquidity Obligations. 

“Class A Liquidity Facility” means, initially, the Revolving Credit Agreement (2016-1A), dated as
of the date hereof, between the Subordination Agent, as agent and trustee for the Class A Trustee, and KfW IPEX-Bank GmbH, and, from and after the replacement of such agreement pursuant hereto, 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; provided that for purposes of any obligation of American, no amendment, modification or supplement
to, or substitution or replacement of, any Class A Liquidity Facility shall be effective unless consented to by American. 

“Class A Liquidity Obligations” means all principal, interest, fees and other amounts owing to the
Class A Liquidity Provider under the Class A Liquidity Facility, Section 4.02 of the Participation Agreements or the applicable Fee Letter. 

“Class A Liquidity Provider” means KfW IPEX-Bank GmbH, together with any Replacement Liquidity
Provider that has issued a Replacement Liquidity Facility to replace the Class A Liquidity Facility pursuant to Section 3.05(c) or 3.05(e). 

“Class A Trust” means the American Airlines Pass Through Trust 2016-1A created and administered
pursuant to the Class A Trust Agreement. 
 “Class A Trust Agreement” means
the Basic Agreement, as supplemented by Trust Supplement No. 2016-1A thereto, dated as of the date hereof, governing the creation and administration of the American Airlines Pass Through Trust 2016-1A and the issuance of the Class A
Certificates, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms. 

“Class A Trustee” means Wilmington Trust Company, not in its individual capacity except as
expressly set forth in the Class A Trust Agreement, but solely as trustee under the Class A Trust Agreement, together with any successor trustee appointed pursuant thereto. 

“Class AA Cash Collateral Account” means, in respect of the Class AA Liquidity Facility, an
Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in
Section 3.05(f). 
 “Class AA Certificateholder” means, at any time,
any Certificateholder of one or more Class AA Certificates. 

  

					
		 	6	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

 “Class AA Certificates” means the certificates issued
by the Class AA Trust, substantially in the form of Exhibit A to the Class AA Trust Agreement, and authenticated by the Class AA Trustee, representing Fractional Undivided Interests in the Class AA Trust, and any certificates
issued in exchange therefor or replacement thereof pursuant to the terms of the Class AA Trust Agreement. 

“Class AA Liquidity Expenses” means all Class AA Liquidity Obligations other than (i) the
principal amount of any Drawings under the Class AA Liquidity Facility and (ii) any interest accrued on any Class AA Liquidity Obligations. 

“Class AA Liquidity Facility” means, initially, the Revolving Credit Agreement (2016-1AA), dated as
of the date hereof, between the Subordination Agent, as agent and trustee for the Class AA Trustee, and KfW IPEX-Bank GmbH, and, from and after the replacement of such agreement pursuant hereto, 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; provided that for purposes of any obligation of American, no amendment, modification or supplement
to, or substitution or replacement of, any Class AA Liquidity Facility shall be effective unless consented to by American. 

“Class AA Liquidity Obligations” means all principal, interest, fees and other amounts owing to the
Class AA Liquidity Provider under the Class AA Liquidity Facility, Section 4.02 of the Participation Agreements or the applicable Fee Letter. 

“Class AA Liquidity Provider” means KfW IPEX-Bank GmbH, together with any Replacement Liquidity
Provider that has issued a Replacement Liquidity Facility to replace the Class AA Liquidity Facility pursuant to Section 3.05(c) or 3.05(e). 

“Class AA Trust” means the American Airlines Pass Through Trust 2016-1AA created and administered
pursuant to the Class AA Trust Agreement. 
 “Class AA Trust Agreement” means
the Basic Agreement, as supplemented by Trust Supplement No. 2016-1AA thereto, dated as of the date hereof, governing the creation and administration of the American Airlines Pass Through Trust 2016-1AA and the issuance of the Class AA
Certificates, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms. 

“Class AA Trustee” means Wilmington Trust Company, not in its individual capacity except as
expressly set forth in the Class AA Trust Agreement, but solely as trustee under the Class AA Trust Agreement, together with any successor trustee appointed pursuant thereto. 

“Class B Adjusted Interest” means, as of any Current Distribution Date: (I) any interest described in
clause (II) of this definition accrued prior to the immediately preceding Distribution Date which remains unpaid and (II) the sum of (A) interest determined at the Stated Interest Rate for the Class B Certificates for
the period commencing on, and including, the immediately preceding Distribution Date (or, if the Current Distribution Date is the first Distribution Date, the Closing Date) and ending on, but excluding, the Current Distribution Date,

  

					
		 	7	 	Intercreditor Agreement (2016-1)
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on the Eligible B Pool Balance on such Current Distribution Date and (B) the sum of interest for each Series B Equipment Note with respect to which, or with respect to the Aircraft with
respect to which such Equipment Note was issued, a disposition, distribution, sale or Deemed Disposition Event has occurred since the immediately preceding Distribution Date (but only if no such event has previously occurred with respect to such
Series B Equipment Note), determined at the Stated Interest Rate for the Class B Certificates for each day during the period commencing on, and including, the immediately preceding Distribution Date (or, if the Current Distribution Date is
the first Distribution Date, the Closing Date) and ending on, but excluding, the date of the earliest of such disposition, distribution, sale or Deemed Disposition Event with respect to such Series B Equipment Note or such Aircraft, as the case
may be, on the principal amount of such Series B Equipment Note calculated pursuant to clause (B)(i), (ii), (iii) or (iv), as applicable, of the definition of Eligible B Pool Balance. 

“Class B Cash Collateral Account” means, in respect of the Class B Liquidity Facility, an
Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in
Section 3.05(f). 
 “Class B Certificateholder” means, at any time, any
Certificateholder of one or more Class B Certificates. 
 “Class B Certificates”
means the certificates issued by the Class B Trust, substantially in the form of Exhibit A to the Class B Trust Agreement, and authenticated by the Class B Trustee, representing Fractional Undivided Interests in the Class B Trust, and any
certificates issued in exchange therefor or replacement thereof pursuant to the terms of the Class B Trust Agreement. 

“Class B Liquidity Expenses” means all Class B Liquidity Obligations other than (i) the principal
amount of any Drawings under the Class B Liquidity Facility and (ii) any interest accrued on any Class B Liquidity Obligations. 

“Class B Liquidity Facility” means, initially, the Revolving Credit Agreement (2016-1B), dated as of the
date hereof, between the Subordination Agent, as agent and trustee for the Class B Trustee, and KfW IPEX-Bank GmbH, and, from and after the replacement of such agreement pursuant hereto, 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; provided that for purposes of any obligation of American, no amendment, modification or supplement to, or
substitution or replacement of, any Class B Liquidity Facility shall be effective unless consented to by American. 

“Class B Liquidity Obligations” means all principal, interest, fees and other amounts owing to the Class
B Liquidity Provider under the Class B Liquidity Facility, Section 4.02 of the Participation Agreements or the applicable Fee Letter. 

“Class B Liquidity Provider” means KfW IPEX-Bank GmbH, together with any Replacement Liquidity Provider
that has issued a Replacement Liquidity Facility to replace the Class B Liquidity Facility pursuant to Section 3.05(c) or 3.05(e). 

  

					
		 	8	 	Intercreditor Agreement (2016-1)
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 “Class B Trust” means the American Airlines Pass Through
Trust 2016-1B created and administered pursuant to the Class B Trust Agreement. 
 “Class B
Trust Agreement” means the Basic Agreement, as supplemented by Trust Supplement No. 2016-1B thereto, dated as of the date hereof, governing the creation and administration of the American Airlines Pass Through Trust 2016-1B and the
issuance of the Class B Certificates, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms. 

“Class B Trustee” means Wilmington Trust Company, not in its individual capacity except as expressly set
forth in the Class B Trust Agreement, but solely as trustee under the Class B Trust Agreement, together with any successor trustee appointed pursuant thereto. 

“Closing Date” means January 19, 2016. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time, and the Treasury
Regulations promulgated thereunder. 
 “Collateral” means, with respect to any
Indenture, the “Collateral” referred to therein. 
 “Collection Account” means the Eligible
Deposit Account established by the Subordination Agent pursuant to Section 2.02(a) in and from which the Subordination Agent shall make deposits and withdrawals in accordance with this Agreement. 

“Controlling Party” means the Person entitled to act as such pursuant to the terms of
Section 2.06. 
 “Corporate Trust Office” means, with respect to any
Trustee, the Subordination Agent or any Loan Trustee, the office of such Person in the city at which, at any particular time, its corporate trust business shall be principally administered. 

“Current Distribution Date” means a Distribution Date specified as a reference date for calculating the
Expected Distributions with respect to the Certificates of any Trust as of such Distribution Date. 

“Deemed Disposition Event” means, in respect of any Equipment Note, the continuation of an Indenture
Event of Default in respect of such Equipment Note without an Actual Disposition Event occurring in respect of such Equipment Note for a period of five years from the date of the occurrence of such Indenture Event of Default. 

“Designated Representatives” means the Subordination Agent Representatives, the Trustee Representatives
and the LP Representatives identified under Section 2.05. 
 “Distribution
Date” means a Regular Distribution Date or a Special Distribution Date. 

“Dollars” or “$” means the
lawful currency of the United States. 

  

					
		 	9	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

 “Downgrade Date” has the meaning specified in Section
3.05(c)(i). 
 “Downgrade Drawing” has the meaning specified in
Section 3.05(c)(iii). 
 “Downgrade Event” with
respect to any Liquidity Facility has the meaning specified in such Liquidity Facility. 

“Downgraded Facility” has the meaning specified in Section 3.05(c)(i). 

“Drawing” means an Interest Drawing, a Final Drawing, a Non-Extension Drawing, a Special Termination
Drawing or a Downgrade Drawing, as the case may be. 
 “DTC” means The Depository Trust
Company. 
 “Eligible A Pool Balance” means, as of any date of determination, the excess
of (A) the Pool Balance of the Class A Certificates as of the immediately preceding Distribution Date (or, if such date of determination is on or before the first Distribution Date, the original aggregate face amount of the Class A
Certificates) (after giving effect to distributions made on such date of determination) over (B) the sum of, with respect to each Series A Equipment Note, one of the following amounts, if applicable: (i) if there has previously been a
sale or disposition by the applicable Loan Trustee of the applicable Aircraft for cash under the Indenture pursuant to which such Series A Equipment Note was issued, the outstanding principal amount of such Series A Equipment Note that
remains unpaid as of such date of determination subsequent to such sale or disposition and after giving effect to any distributions of the proceeds of such sale or disposition applied under such Indenture to the payment of such Series A
Equipment Note, (ii) if there has previously been an Event of Loss (as defined in such Indenture) with respect to the applicable Aircraft to which such Series A Equipment Note relates, the outstanding principal amount of such Series A
Equipment Note that remains unpaid as of such date of determination subsequent to the scheduled date of mandatory redemption of such Series A Equipment Note following such Event of Loss and after giving effect to the distributions of any
proceeds in respect of such Event of Loss applied under such Indenture to the payment of such Series A Equipment Note, (iii) if such Series A Equipment Note has previously been sold for cash by the Subordination Agent, the excess, if
any, of (x) the outstanding amount of principal and interest as of the date of such sale by the Subordination Agent of such Series A Equipment Note over (y) the purchase price received with respect to such sale of such Series A
Equipment Note for cash (net of any applicable costs and expenses of such sale) or (iv) if a Deemed Disposition Event has occurred with respect to such Series A Equipment Note, the outstanding principal amount of such Series A
Equipment Note; provided, however, that if more than one of the clauses (i), (ii), (iii) and (iv) is applicable to any one Series A
Equipment Note, only the amount determined pursuant to the clause that first became applicable shall be counted with respect to such Series A Equipment Note. 

“Eligible B Pool Balance” means, as of any date of determination, the excess of (A) the Pool Balance of the
Class B Certificates as of the immediately preceding Distribution Date (or, if such date of determination is on or before the first Distribution Date, the original aggregate face amount of the Class B Certificates) (after giving effect to
distributions made on such date of determination) over (B) the sum of, with respect to each Series B Equipment Note, 

  

					
		 	10	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

 
one of the following amounts, if applicable: (i) if there has previously been a sale or disposition by the applicable Loan Trustee of the applicable Aircraft for cash under the Indenture
pursuant to which such Series B Equipment Note was issued, the outstanding principal amount of such Series B Equipment Note that remains unpaid as of such date of determination subsequent to such sale or disposition and after giving effect
to any distributions of the proceeds of such sale or disposition applied under such Indenture to the payment of such Series B Equipment Note, (ii) if there has previously been an Event of Loss (as defined in such Indenture) with respect to
the applicable Aircraft to which such Series B Equipment Note relates, the outstanding principal amount of such Series B Equipment Note that remains unpaid as of such date of determination subsequent to the scheduled date of mandatory
redemption of such Series B Equipment Note following such Event of Loss and after giving effect to the distributions of any proceeds in respect of such Event of Loss applied under such Indenture to the payment of such Series B Equipment
Note, (iii) if such Series B Equipment Note has previously been sold for cash by the Subordination Agent, the excess, if any, of (x) the outstanding amount of principal and interest as of the date of such sale by the Subordination
Agent of such Series B Equipment Note over (y) the purchase price received with respect to such sale of such Series B Equipment Note for cash (net of any applicable costs and expenses of such sale) or (iv) if a Deemed Disposition
Event has occurred with respect to such Series B Equipment Note, the outstanding principal amount of such Series B Equipment Note; provided, however, that if more than one of the clauses (i), (ii),
(iii) and (iv) is applicable to any one Series B Equipment Note, only the amount determined pursuant to the clause that first became applicable shall be counted with respect to such Series B Equipment Note. 

“Eligible Deposit Account” means either (a) a segregated account with an Eligible Institution or
(b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any U.S. branch of a
foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution has a Long-Term Rating (or, if a Long-Term Rating is not available, its
Short-Term Rating equivalent) of at least A3 from Moody’s or a Long-Term Rating (or, if a Long-Term Rating is not available, its Short-Term Rating equivalent) of at least A- from S&P. An Eligible Deposit Account may be maintained with the
Subordination Agent or a Liquidity Provider so long as the Subordination Agent or such Liquidity Provider is an Eligible Institution; provided that the Subordination Agent, in its individual capacity, or
such Liquidity Provider shall have waived all rights of set-off and counterclaim with respect to such account. 

“Eligible Institution” means (a) the corporate trust department of the Subordination Agent or any
Trustee, as applicable, acting in a fiduciary capacity or (b) a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any U.S. branch of a foreign bank),
which has a Long-Term Rating (or, if a Long-Term Rating is not available, its Short-Term Rating equivalent) of at least A3 from Moody’s or a Long-Term Rating (or, if a Long-Term Rating is not available, its Short-Term Rating equivalent) of at
least A- from S&P. 
 “Eligible Investments” means investments in (a) obligations of the
United States government or agencies thereof, or obligations guaranteed by the United States government 

  

					
		 	11	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

 
having maturities no later than 365 days following the date of such investment, (b) open market commercial paper of any corporation incorporated under the laws of the United States of
America or any state thereof having a Short-Term Rating of at least P-1 or its equivalent by Moody’s or a Long-Term Rating of at least AA- or its equivalent by S&P and having maturities no later than 365 days following the date of such
investment, (c) certificates of deposit, time deposits, banker’s acceptances, commercial paper or other direct obligations of, or obligations guaranteed by, commercial banks organized under the laws of the United States or of any political
subdivision thereof (or any United States branch of a foreign bank) having a combined capital and surplus in excess of $500,000,000 which banks or their holding companies have a Long-Term Rating of at least Aa3 or its equivalent from Moody’s or
a Long-Term Rating of at least AA- or its equivalent from S&P having maturities no later than 365 days following the date of such investment; provided, however, that the aggregate amount at any one time invested in certificates
of deposit issued by any one bank shall not be in excess of 5% of such bank’s capital and surplus, (d) Dollar denominated offshore certificates of deposit issued by, or offshore time deposits with, any commercial bank described in
clause (c) or any subsidiary thereof having maturities no later than 365 days following the date of such investment, (e) repurchase agreements with any financial institution having combined capital and surplus of at least $500,000,000 with
any of the obligations described in clauses (a) through (d) as collateral having maturities no later than 365 days following the date of such investment and (f) shares of United States Securities and Exchange Commission registered
money market mutual fund(s) having a money market fund rating of at least Aaa-mf or its equivalent from Moody’s or a money market fund rating of at least AAAm or its equivalent from S&P. If none of the above investments is available, the
entire amounts to be invested may be used to purchase Federal funds from an entity described in clause (c). All Eligible Investments must be held in an Eligible Deposit Account. Any of the investments described herein may be made through or
with, as applicable, the bank acting as Trustee or its Affiliates. 
 “Equipment Note Special Payment”
means a Special Payment on account of the redemption, purchase or prepayment of all of the Equipment Notes issued pursuant to an Indenture. 

“Equipment Notes” means, at any time, the Series AA Equipment Notes, the Series A Equipment Notes
and the Series B Equipment Notes and in each case, any Equipment Notes issued in exchange therefor or replacement thereof pursuant to the terms of the Indentures. 

“Excess Liquidity Obligations” means, with respect to an Indenture, the amounts payable under clauses
(a), (b), (c), (d), (e) and (f) of Section 2.14 of such Indenture. 
 “Expected
Distributions” means, with respect to the Certificates of any Trust on any Current Distribution Date, the difference between (A) the Pool Balance of such Certificates as of the immediately preceding Distribution Date (or, if the
Current Distribution Date is the first Distribution Date after the date of issuance of such Certificates, the original aggregate face amount of the Certificates of such Trust) and (B) the Pool Balance of such Certificates as of the Current
Distribution Date calculated on the basis that (i) the principal of any Non-Performing Equipment Notes held in such Trust has been paid in full and such payments have been distributed to the holders of such Certificates, (ii) the principal
of any Performing Equipment Notes held in such Trust has been paid when due (whether at stated maturity or upon prepayment 

  

					
		 	12	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

 
or purchase or otherwise, but without giving effect to any Acceleration of Performing Equipment Notes) and such payments have been distributed to the holders of such Certificates and
(iii) the principal of any Equipment Notes formerly held in such Trust that have been sold pursuant to the terms hereof has been paid in full and such payments have been distributed to the holders of such Certificates. For purposes of
calculating Expected Distributions with respect to the Certificates of any Trust, any Premium paid on the Equipment Notes held in such Trust which has not been distributed to the Certificateholders of such Trust (other than such Premium or a portion
thereof applied to the payment of interest in respect of the Certificates of such Trust or the reduction of the Pool Balance of such Trust) shall be added to the amount of such Expected Distributions. 

“Expiry Date” with respect to any Liquidity Facility, has the meaning specified in such Liquidity
Facility. 
 “Fee Letter” means any fee letter entered into among the Subordination
Agent, American and a Liquidity Provider and “Fee Letters” has a correlative meaning. 

“Final Distributions” means, with respect to the Certificates of any Trust on any Distribution Date, the
sum of (x) the aggregate amount of all accrued and unpaid interest on such Certificates and (y) the Pool Balance of such Certificates as of the immediately preceding Distribution Date. For purposes of calculating Final Distributions with
respect to the Certificates of any Trust, any Premium paid on the Equipment Notes held in such Trust which has not been distributed to the Certificateholders of such Trust (other than such Premium or a portion thereof applied to the payment of
interest on the Certificates of such Trust or the reduction of the Pool Balance of such Trust) shall be added to the amount of such Final Distributions. 

“Final Drawing” has the meaning specified in Section 3.05(i). 

“Final Legal Distribution Date” means (i) with respect to the Class AA Certificates, July 15,
2029, (ii) with respect to the Class A Certificates, July 15, 2029 and (iii) with respect to the Class B Certificates, July 15, 2025. 

“Fractional Undivided Interest” means the fractional undivided interest in a Trust that is represented
by a Certificate relating to such Trust. 
 “Indenture” means each of the Indenture and
Security Agreements entered into by the Loan Trustee and American pursuant to the Note Purchase Agreement, in each case, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

 “Indenture Event of Default” means, with respect to any Indenture, any Event of Default (as
such term is defined in such Indenture) thereunder. 
 “Interest Drawing” has the
meaning specified in Section 3.05(a). 
 “Interest Payment Date” means, with
respect to any Liquidity Facility, each date on which interest is due and payable under such Liquidity Facility on a Downgrade Drawing, Non-Extension Drawing, Special Termination Drawing or Final Drawing thereunder, other than any such date on which
interest is due and payable under such Liquidity Facility only on an Applied Provider Advance (as such term is defined in such Liquidity Facility). 

  

					
		 	13	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

 “Investment Earnings” means investment earnings on funds on
deposit in the Trust Accounts net of losses and the Subordination Agent’s reasonable expenses in making such investments. 

“Lending Office” has the meaning specified in the applicable Liquidity Facility. 

“Lien” means any mortgage, pledge, lien, charge, claim, disposition of title, encumbrance, lease,
sublease, sub-sublease or security interest of any kind, including, without limitation, any of the foregoing arising under any conditional sales or other title retention agreement. 

“Liquidity Event of Default”, with respect to any Liquidity Facility, has the meaning specified in such
Liquidity Facility. 
 “Liquidity Expenses” means the Class AA Liquidity Expenses,
Class A Liquidity Expenses and the Class B Liquidity Expenses. 
 “Liquidity
Facility” means, at any time, the Class AA Liquidity Facility, the Class A Liquidity Facility or the Class B Liquidity Facility, as applicable. 

“Liquidity Obligations” means the Class AA Liquidity Obligations, Class A Liquidity Obligations and
the Class B Liquidity Obligations. 
 “Liquidity Provider” means, at any time, the
Class AA Liquidity Provider, the Class A Liquidity Provider and/or the Class B Liquidity Provider, as applicable. 

“Loan Trustee” means, with respect to any Indenture, the bank, trust company or other financial
institution designated as loan trustee thereunder, and any successor to such loan trustee. 

“Long-Term Rating” means, for any entity (a) in the case of Moody’s, the long-term senior
unsecured debt rating of such entity and (b) in the case of S&P, the long-term issuer credit rating of such entity. 

“LP Incumbency Certificate” has the meaning specified in Section 2.05(c). 

“LP Representatives” has the meaning specified in Section 2.05(c). 

“Majority in Interest of Noteholders”, with respect to any Indenture, has the meaning specified in such
Indenture. 
 “Minimum Sale Price” means, with respect to any Aircraft or the Equipment
Notes issued in respect of such Aircraft, at any time, the lesser of (1) in the case of the sale of an Aircraft, 80%, or in the case of the sale of such Equipment Notes, 90%, of the Appraised Current Market Value of such Aircraft and
(2) the sum of the aggregate Note Target Price of such Equipment Notes and an amount equal to the Excess Liquidity Obligations in respect of the Indenture under which such Equipment Notes were issued. 

  

					
		 	14	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

 “Moody’s” means Moody’s Investors Service,
Inc. 
 “Non-Controlling Party” means, at any time, any Trustee, Liquidity Provider or
other Person which is not the Controlling Party at such time. 
 “Non-Extended Facility”
has the meaning specified in Section 3.05(d). 
 “Non-Extension Drawing” has
the meaning specified in Section 3.05(d). 
 “Non-Performing Equipment Note”
means an Equipment Note issued pursuant to an Indenture that is not a Performing Equipment Note. 

“Note Purchase Agreement” means the Note Purchase Agreement, dated as of the date hereof, among
American, each Trustee and the Subordination Agent, as amended, supplemented or otherwise modified from time to time in accordance with its terms. 

“Note Target Price” means, for any Equipment Note issued under any Indenture, (i) the aggregate
outstanding principal amount of such Equipment Note, plus (ii) the accrued and unpaid interest thereon, together with all other sums owing on or in respect of such Equipment Note under such Indenture (including, without limitation, enforcement
costs incurred by the Subordination Agent in respect of such Equipment Note). 
 “Notice Date” has the
meaning specified in Section 3.05(d). 
 “Officer’s Certificate” of any Person means
a certification signed by a Responsible Officer of such Person. 
 “Operative
Agreements” means this Agreement, the Liquidity Facilities, the Fee Letters, the Indentures, the Trust Agreements, the Participation Agreements, the Equipment Notes and the Certificates, together with all exhibits and schedules included
with any of the foregoing. 
 “Outstanding” means, when used with respect to each Class
of Certificates, as of the date of determination, all Certificates of such Class theretofore authenticated and delivered under the related Trust Agreement, except: 

(i) Certificates of such Class theretofore canceled by the Registrar (as defined in such Trust Agreement) or delivered to the
Trustee thereunder or such Registrar for cancellation; 
 (ii) all of the Certificates of such Class for which money in the
full amount required to make the Final Distribution with respect to such Certificates pursuant to Section 11.01 of such Trust Agreement has been theretofore deposited with the related Trustee in trust for the holders of such Certificates as
provided in Section 4.01 of such Trust Agreement, pending distribution of such money to such Certificateholders pursuant to such Final Distribution payment; and 

(iii) Certificates of such Class in exchange for or in lieu of which other Certificates of such Class have been authenticated
and delivered pursuant to such Trust Agreement; 

  

					
		 	15	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

 provided, however, that in determining whether the holders of the requisite Fractional Undivided
Interest of such Certificates have given any request, demand, authorization, direction, notice, consent or waiver hereunder, any Certificates owned by American or any of its Affiliates shall be disregarded and deemed not to be Outstanding except
that, in determining whether the Trustee of the applicable Trust shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Certificates that such Trustee knows to be so owned shall be so
disregarded. Notwithstanding the foregoing, (x) if American and its Affiliates own 100% of the Certificates of any Class, such Certificates shall not be so disregarded and (y) if any amount of such Certificates owned by American and its
Affiliates have been pledged in good faith, such Certificates shall not be disregarded if the pledgee establishes to the satisfaction of the applicable Trustee the pledgee’s right so to act with respect to such Certificates and that the pledgee
is not American or any of its Affiliates. 
 “Overdue Scheduled Payment” means any Scheduled
Payment which is not in fact received by the Subordination Agent within five days after the Scheduled Payment Date relating thereto. 

“Participation Agreement” means, with respect to each Indenture, the “Participation Agreement”
referred to therein, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms. 

“Payees” has the meaning specified in Section 2.04(c). 

“Payment Default” with respect to any Indenture, has the meaning specified in such Indenture. 

“Performing Equipment Note” means an Equipment Note issued pursuant to an Indenture with respect to
which no Payment Default has occurred and is continuing (without giving effect to any Acceleration); provided, that in the event of a bankruptcy proceeding in which American is a debtor under the Bankruptcy Code,
(i) any payment default occurring before the date of the order for relief in such proceeding shall not be taken into consideration during the 60-Day Period (or such longer period as may apply under Section 1110(b) of the Bankruptcy Code)
(the “Section 1110 Period”), (ii) any payment default occurring after the date of the order for relief in such proceeding shall not be taken into consideration if such payment default is cured under Section 1110(a)(2)(B) of
the Bankruptcy Code before the later of 30 days after the date of such default or the expiration of the Section 1110 Period and (iii) any payment default occurring after the Section 1110 Period will not be taken into consideration if
such payment default is cured before the end of the grace period, if any, set forth in the related Indenture. 

  

					
		 	16	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

 “Performing Note Deficiency” means, at any time, that less
than 65% of the then aggregate outstanding principal amount of all Equipment Notes (other than any Additional Equipment Notes issued under any Indenture) are Performing Equipment Notes. 

“Person” means any individual, corporation, limited liability company, partnership, joint venture,
association, joint-stock company, trust, trustee, unincorporated organization or government or any agency or political subdivision thereof. 

“Pool Balance” means, with respect to the Certificates of any Class, as of any date, (i) the
original aggregate face amount of the Certificates of such Class less (ii) the aggregate amount of all distributions made in respect of such Certificates of such Class, other than distributions made as of such date in respect of interest or
Premium or reimbursement of any costs or expenses incurred in connection therewith. The Pool Balance as of any Distribution Date with respect to each Class shall be computed after giving effect to any distribution with respect to the payment of
principal, if any, on the Equipment Notes or payment with respect to other Trust Property held in the related Trust and the distribution thereof to be made on such date. 

“Post-Default Appraisal” has the meaning specified in Section 4.1(a)(iii). 

“Premium” means any “Make-Whole Amount” as such term is defined in any Indenture. 

“Proceeding” means any suit in equity, action at law or other judicial or administrative
proceeding. 
 “PTC Event of Default” means, with respect to each Trust Agreement, the failure to
distribute within 10 Business Days after the applicable Distribution Date: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest scheduled for
distribution on such Certificates on any Distribution Date (unless, in the case of the Class AA Trust Agreement, Class A Trust Agreement or the Class B Trust Agreement, the Subordination Agent shall have made an Interest Drawing or a
withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto). 

“Rating Agencies” means, with respect to any Class of Certificates, collectively, at any time, each
nationally recognized rating agency which shall have been requested to rate such Class of Certificates and which shall then be rating such Class of Certificates. The initial Rating Agencies for the Certificates will be Moody’s and
S&P. 
 “Ratings Confirmation” means, with respect to any action proposed to be
taken, with respect to any Class of Certificates, a written confirmation from each of the Rating Agencies to the effect that such action would not result in (i) a reduction of the rating for such Class of Certificates below the then current
rating for such Class of Certificates or (ii) a withdrawal or suspension of the rating of such Class of Certificates. 

“Refinancing Certificateholders” has the meaning specified in Section 8.01(c). 

  

					
		 	17	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

 “Refinancing Certificates” has the meaning specified in
Section 8.01(c). 
 “Refinancing Equipment Notes” has the meaning specified in
Section 8.01(c). 
 “Refinancing Trust Agreement” has the meaning specified in
Section 8.01(c). 
 “Refinancing Trust” has the meaning specified in Section 8.01(c). 

“Refinancing Trustee” has the meaning specified in Section 8.01(c). 

“Register”, with respect to any Trust, has the meaning ascribed to such term in the Trust Agreement for
such Trust. 
 “Regular Distribution Dates” means each January 15 and each
July 15, commencing on July 15, 2016; provided, however, that, if any such day shall not be a Business Day, the related distribution shall be made on the next succeeding
Business Day without additional interest. 
 “Replacement Airframe”, with respect to any Indenture,
has the meaning specified in such Indenture. 
 “Replacement Liquidity Facility” means, for any
Liquidity Facility, an irrevocable revolving credit agreement (or agreements) in substantially the form of the replaced Liquidity Facility, including reinstatement provisions, or an agreement (or agreements) in such other form (which may include a
letter of credit, surety bond, financial insurance policy or guaranty, or any combination thereof) as shall permit the Rating Agencies to confirm in writing their respective ratings then in effect for the Certificates of the Class with respect to
which such Liquidity Facility was issued (before downgrading of such ratings, if any, as a result of the downgrading, if any, of the applicable Liquidity Provider), in a face amount (or in an aggregate face amount) equal to the applicable Required
Amount and issued by a Person (or Persons) having the minimum Long-Term Rating from each Rating Agency designated in the definition of “Threshold Rating” as the applicable Threshold Rating for such Rating Agency and the applicable Class of
Certificates; provided, without limiting the foregoing, that in the case of the Class AA Liquidity Facility following a Downgrade Event by S&P, a Replacement Liquidity Facility may consist of a combination of (i) an irrevocable revolving
credit agreement in substantially the form of the Class AA Liquidity Facility issued by a Person having the minimum Long-Term Rating of BBB+ issued by S&P (which may be the initial Class AA Liquidity Provider so long as it has such a rating) and
(ii) a second irrevocable revolving credit agreement issued by a Person (other than the Person that issues the agreement described in clause (i)) having the minimum Long-Term Rating of BBB+ issued by S&P, which second irrevocable revolving
credit agreement shall provide that the Subordination Agent may request Drawings thereunder on the same terms as under the agreement described in clause (i), if Drawings are not timely honored under such agreement. Without limitation of the form
that a Replacement Liquidity Facility otherwise may have pursuant to the preceding sentence, a Replacement Liquidity Facility for any Class of Certificates may have a stated expiration date earlier than 15 days after the Final Legal Distribution
Date of such Class of Certificates so long as such Replacement Liquidity Facility provides for a Non-Extension Drawing as contemplated by Section 3.05(d) hereof. 

  

					
		 	18	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

 “Replacement Liquidity Provider” means a Person (or
Persons) who issues a Replacement Liquidity Facility. 
 “Required Amount” means, with
respect to each Liquidity Facility or the Cash Collateral Account for any Class, for any day, the sum of the aggregate amount of interest, calculated at the rate per annum equal to the Stated Interest Rate for the related Class of Certificates
on the basis of a 360-day year comprised of twelve 30-day months, that would be distributable on such Class of Certificates on each of the three successive Regular Distribution Dates immediately following such day or, if such day is a Regular
Distribution Date, on such day and the two succeeding Regular Distribution Dates, in each case calculated on the basis of the Pool Balance of such Class of Certificates on such day and without regard to expected future distributions of principal on
such Class of Certificates. 
 “Responsible Officer” means (i) with respect to the
Subordination Agent and each of the Trustees, any officer in the Corporate Trust Department or similar department of the Subordination Agent or such Trustee, as the case may be, or any other officer customarily performing functions similar to those
performed by the persons who at the time shall be such officers or to whom any corporate trust matter is referred because of his knowledge of and familiarity with a particular subject, and (ii) with respect to any Liquidity Provider, any
authorized officer of such Liquidity Provider. 
 “S&P” means Standard &
Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business. 

“Scheduled Payment” means, with respect to any Equipment Note, (i) any payment of principal or
interest on such Equipment Note (other than an Overdue Scheduled Payment) or (ii) any distribution in respect of interest on such Equipment Note to the Certificateholders of Certificates of the corresponding Class of Certificates with funds
drawn under the Liquidity Facility for such Class or withdrawn from the Cash Collateral Account for such Class, which payment in the case of clause (i) or clause (ii) represents an installment of principal on such Equipment
Note at the stated maturity of such installment, or the payment of regularly scheduled interest accrued on the unpaid principal amount of such Equipment Note, or both; provided,
however, that any payment of principal, Premium, if any, or interest resulting from the redemption or purchase of any Equipment Note shall not constitute a Scheduled Payment. 

“Scheduled Payment Date” means, with respect to any Scheduled Payment, the date on which such Scheduled
Payment is scheduled to be made. 
 “Section 2.04 Fraction” means, with respect to any Special
Distribution Date, a fraction, the numerator of which shall be the amount of principal of the applicable Series AA Equipment Notes, Series A Equipment Notes and Series B Equipment Notes being redeemed, purchased or prepaid on such Special
Distribution Date, and the denominator of which shall be the aggregate unpaid principal amount of all Series AA Equipment Notes, Series A Equipment Notes and Series B Equipment Notes outstanding as of such Special Distribution Date
immediately before giving effect to such redemption purchase or prepayment. 

  

					
		 	19	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

 “Series A Equipment Notes” means the equipment notes,
if any, issued pursuant to each Indenture by American and authenticated by the Loan Trustee thereunder, and designated “Series A Equipment Notes” thereunder, and any such Equipment Notes issued in exchange therefor or replacement
thereof pursuant to the terms of such Indenture. 
 “Series AA Equipment Notes”
means the equipment notes, if any, issued pursuant to each Indenture by American and authenticated by the Loan Trustee thereunder, and designated “Series AA Equipment Notes” thereunder, and any such Equipment Notes issued in exchange
therefor or replacement thereof pursuant to the terms of such Indenture. 
 “Series B Equipment
Notes” means the equipment notes, if any, issued pursuant to each Indenture by American and authenticated by the Loan Trustee thereunder, and designated “Series B Equipment Notes” thereunder, and any such Equipment Notes
issued in exchange therefor or replacement thereof pursuant to the terms of such Indenture. 
 “60-Day
Period” means the 60-day period specified in Section 1110(a)(2)(A) of the Bankruptcy Code. 
 “Short-Term
Rating” means, for any entity, (a) in the case of Moody’s, the short-term senior unsecured debt rating of such entity, and (b) in the case of S&P, the short-term issuer credit rating of such entity. 

“Special Distribution Date” means, with respect to any Special Payment, the Business Day chosen by the
Subordination Agent pursuant to Section 2.04(a) for the distribution of such Special Payment in accordance with this Agreement. 

“Special Payment” means any payment (other than a Scheduled Payment) in respect of, or any proceeds of,
any Equipment Note or Collateral. 
 “Special Payments Account” means the Eligible
Deposit Account created pursuant to Section 2.02(a)(ii) as a sub-account to the Collection Account. 

“Special Termination Drawing” has the meaning specified in Section 3.05(k).

 “Special Termination Notice” with respect to any Liquidity Facility has the meaning
assigned to such term (if such term is used therein) in such Liquidity Facility. 
 “Stated
Amount” with respect to any Liquidity Facility, means the Maximum Commitment (as defined in such Liquidity Facility) of the applicable Liquidity Provider thereunder. 

“Stated Expiration Date” has the meaning specified in Section 3.05(d). 

  

					
		 	20	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

 “Stated Interest Rate” means with respect to (i) the
Class AA Certificates, 3.575% per annum (ii) the Class A Certificates, 4.100% per annum and (iii) the Class B Certificates, 5.250% per annum. 

“Subordination Agent” has the meaning specified in the introductory paragraph to this Agreement.

 “Subordination Agent Incumbency Certificate” has the meaning specified in
Section 2.05(a). 
 “Subordination Agent Representatives” has the meaning
specified in Section 2.05(a). 
 “Substitute Airframe”, with respect to any
Indenture, has the meaning specified in such Indenture. 
 “Tax” and
“Taxes” means all governmental fees (including, without limitation, license, filing and registration fees) and all taxes (including, without limitation, franchise, excise, stamp, value added, income, gross receipts, sales,
use and property taxes), withholdings, assessments, levies, imposts, duties or charges, of any nature whatsoever, together with any related penalties, fines, additions to tax or interest thereon imposed, withheld, levied or assessed by any country,
taxing authority or governmental subdivision thereof or therein or by any international authority, including any taxes imposed on any Person as a result of such Person being required to collect and pay over withholding taxes. 

“Termination Notice” has the meaning specified in the Liquidity Facility. 

“Threshold Rating” means (i) for the Class AA Trust, a Long-Term Rating of AA- as determined by
Standard & Poor’s and a Long-Term Rating of Baa2 as determined by Moody’s, (ii) for the Class A Trust, a Long-Term Rating of BBB as determined by Standard & Poor’s and a Long-Term Rating of Baa2 as
determined by Moody’s and (iii) for the Class B Trust, a Long-Term Rating of BBB- as determined by Standard & Poor’s and a Long-Term Rating of Baa2 as determined by Moody’s. 

“Treasury Regulations” means regulations, including proposed or temporary regulations, promulgated under
the Code. References herein to specific provisions of proposed or temporary regulations shall include analogous provisions of final Treasury Regulations or other successor Treasury Regulations. 

“Triggering Event” means (x) the occurrence of an Indenture Event of Default under all of the
Indentures resulting in a PTC Event of Default with respect to the most senior Class of Certificates then Outstanding, (y) the Acceleration of all of the outstanding Equipment Notes or (z) the occurrence of an American Bankruptcy
Event. 
 “Trust” means the Class AA Trust, the Class A Trust or the Class B
Trust. 
 “Trust Accounts” has the meaning specified in Section 2.02(a). 

  

					
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 “Trust Agreement” means the Class AA Trust Agreement, the
Class A Trust Agreement or the Class B Trust Agreement. 
 “Trust Property”,
with respect to any Trust, has the meaning specified in the Trust Agreement for such Trust. 
 “Trust
Supplement” means an agreement supplemental to the Basic Agreement pursuant to which (i) a separate trust is created for the benefit of the holders of Certificates of a Class, (ii) the issuance of the Certificates of a Class
representing Fractional Undivided Interests in such trust is authorized and (iii) the terms of the Certificates of such Class are established, as such agreement may from time to time be supplemented, amended or otherwise modified.

 “Trustee” means the Class AA Trustee, the Class A Trustee or the Class B Trustee,
as applicable. 
 “Trustee Incumbency Certificate” has the meaning specified in
Section 2.05(b). 
 “Trustee Representatives” has the meaning specified in
Section 2.05(b). 
 “Unapplied Provider Advance” has the meaning specified in the
applicable Liquidity Facility. 
 “Underwriters” means Goldman, Sachs & Co., Citigroup Global Markets Inc.,
Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., BNP Paribas Securities Corp., Credit Agricole Securities (USA)
Inc., J.P. Morgan Securities LLC and U.S. Bancorp Investments, Inc. 
 “Underwriting Agreement” means
the Underwriting Agreement, dated January 12, 2016, between Goldman, Sachs & Co., as representative of the Underwriters, and American, as the same may be amended, supplemented or otherwise modified from time to time in accordance with
its terms. 
 “United States” means the United States of America. 

“Written Notice” means, from the Subordination Agent, any Trustee or Liquidity Provider, a written
instrument executed by the Designated Representative of such Person. An invoice delivered by a Liquidity Provider pursuant to Section 3.01 in accordance with its normal invoicing procedures shall constitute Written Notice under such
Section. 
 “WTC” has the meaning specified in the introductory paragraph of this Agreement. 

  

					
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 ARTICLE II 

TRUST ACCOUNTS; CONTROLLING PARTY 

Section 2.01. Agreement to Terms of Subordination; Payments from Monies Received Only. (a) Each Trustee hereby
(i) acknowledges and agrees to the terms of subordination and distribution set forth in this Agreement in respect of each Class of Certificates and (ii) agrees to enforce such provisions and cause all payments in respect of the Equipment
Notes held by the Subordination Agent and the Liquidity Facilities to be applied in accordance with the terms of this Agreement. In addition, each Trustee hereby agrees to cause the Equipment Notes purchased by the related Trust to be registered in
the name of the Subordination Agent or its nominee, as agent and trustee for such Trustee, to be held in trust by the Subordination Agent solely for the purpose of facilitating the enforcement of the subordination and other provisions of this
Agreement. 
 (b) Except as otherwise expressly provided in the next succeeding sentence of this Section 2.01(b), all payments
to be made by the Subordination Agent hereunder shall be made only from amounts received by it that constitute Scheduled Payments, Special Payments and other payments under the Operative Agreements, including payments under Section 4.02 of the
Participation Agreements and Section 2.14 of the Indentures, and only to the extent that the Subordination Agent shall have received sufficient income or proceeds therefrom to enable it to make such payments in accordance with the terms hereof.
Each of the Trustees and the Subordination Agent hereby agrees, and each Certificateholder, by its acceptance of a Certificate, and each Liquidity Provider, by entering into the Liquidity Facility to which it is a party, has agreed to look solely to
such amounts to the extent available for distribution to it as provided in this Agreement or the applicable Trust Agreement, as the case may be, and that none of the Trustees, the Loan Trustees or the Subordination Agent is personally liable to any
of them for any amounts payable or any liability arising under this Agreement, any Trust Agreement, any Liquidity Facility or such Certificate, except (in the case of the Subordination Agent) as expressly provided herein or (in the case of the
Trustees) as expressly provided herein and in each Trust Agreement or (in the case of the Loan Trustees) as expressly provided in any Operative Agreement. 

(c) Notwithstanding anything to the contrary in this Agreement and in the other Operative Agreements, the Certificates do not represent
indebtedness of the related Trust, and references in this Agreement and the Operative Agreements to accrued interest or principal amounts payable on the Certificates of any Class are included only for computational purposes. For purposes of such
computations, the Certificates of any Class shall be deemed to be comprised of interest and principal components, with the principal component deemed to be the Pool Balance, and the interest component deemed to equal interest accruing at the Stated
Interest Rate for such Class of Certificates from the later of (i) the date of the issuance thereof and (ii) the most recent but preceding Distribution Date to which such interest was distributed to, but excluding, the applicable date of
determination, such interest to be considered payable in arrears and to be calculated on the basis of a 360-day year comprised of twelve 30-day months. 

Section 2.02. Trust Accounts. (a) Upon the execution of this Agreement, the Subordination Agent shall establish and maintain
in its name (i) the Collection Account as an 

  

					
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Eligible Deposit Account, bearing a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Trustees, the Certificateholders and the Liquidity
Providers, and (ii) as a sub-account in the Collection Account, the Special Payments Account as an Eligible Deposit Account, bearing a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the
Trustees, the Certificateholders and the Liquidity Providers. The Subordination Agent shall establish and maintain the Cash Collateral Accounts pursuant to and under the circumstances set forth in Section 3.05(f). Upon such establishment
and maintenance under Section 3.05(f), the Cash Collateral Accounts shall, together with the Collection Account, constitute the “Trust Accounts” hereunder. Without limiting the foregoing, all monies credited to the Trust
Accounts shall be, and shall remain, the property of the relevant Trust(s). 
 (b) Funds on deposit in the Trust Accounts shall be invested
and reinvested by the Subordination Agent in Eligible Investments selected by American or its designated representative if such investments are reasonably available and have maturities no later than the earlier of (i) 90 days following the date
of such investment and (ii) the Business Day immediately preceding the Regular Distribution Date or the date of the related distribution pursuant to Section 2.04, as the case may be, next following the date of such investment;
provided, however, that following the making of a Non-Extension Drawing under any Liquidity Facility, the Subordination Agent shall invest and reinvest the amounts in the applicable Cash Collateral Account in Eligible Investments
pursuant to the written instructions of the Liquidity Provider funding such Drawing, and provided, further, however, that upon the occurrence and during the continuation of a Triggering Event, the Subordination Agent shall invest and
reinvest the amounts on deposit in the Trust Accounts (other than amounts in the Cash Collateral Accounts as a result of a Non-Extension Drawing, which shall be governed by the foregoing proviso) in Eligible Investments in accordance with the
written instructions of the Controlling Party. Unless otherwise expressly provided in this Agreement (including with respect to Investment Earnings on amounts on deposit in the Cash Collateral Accounts, pursuant to Section 3.05(f)
hereof), any Investment Earnings shall be deposited in the Collection Account when received by the Subordination Agent and shall be applied by the Subordination Agent in the same manner as the other amounts on deposit in the Collection Account are
to be applied. The Subordination Agent’s reasonable fees and expenses actually incurred in making such investments and any losses incurred in such investments shall be charged against the principal amount invested. The Subordination Agent shall
not be liable for any loss resulting from any investment, reinvestment or liquidation required to be made under this Agreement other than by reason of its willful misconduct or negligence. Eligible Investments and any other investment required to be
made hereunder shall be held to their maturities except that any such investment may be sold (without regard to its maturity) by the Subordination Agent without instructions whenever such sale is necessary to make a distribution required under this
Agreement. Uninvested funds held hereunder shall not earn or accrue interest. 
 (c) The Subordination Agent shall possess all right, title
and interest in all funds on deposit from time to time in the Trust Accounts and in all proceeds thereof (including all income thereon, except as otherwise expressly provided herein with respect to Investment Earnings). The Trust Accounts shall be
held in trust by the Subordination Agent under the sole dominion and control of the Subordination Agent for the benefit of the applicable Trustee, the applicable Certificateholders and the applicable Liquidity Provider, as the case may be. If, at
any 

  

					
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time, any of the Trust Accounts ceases to be an Eligible Deposit Account, the Subordination Agent shall within 10 Business Days (or such longer period, not to exceed 30 calendar days, to which a
Rating Agency may consent) establish a new Collection Account, Special Payments Account or Cash Collateral Account, as the case may be, as an Eligible Deposit Account and shall transfer any cash and/or any investments to such new Collection Account,
Special Payments Account or Cash Collateral Account, as the case may be. So long as the Subordination Agent is an Eligible Institution, the Trust Accounts shall be maintained with it as Eligible Deposit Accounts. 

Section 2.03. Deposits to the Collection Account and Special Payments Account. (a) The Subordination Agent shall, upon
receipt thereof, deposit in the Collection Account all Scheduled Payments received by it (other than any Scheduled Payment which by the express terms hereof is to be deposited to a Cash Collateral Account). 

(b) The Subordination Agent shall, on each day when one or more Special Payments are made to the Subordination Agent as holder of the
Equipment Notes, deposit in the Special Payments Account the aggregate amount of such Special Payments. 
 Section 2.04.
Distributions of Special Payments. (a) Notice of Special Payment. Except as provided in Section 2.04(c) below, upon receipt by the Subordination Agent, as registered holder of the Equipment Notes, of any notice of a
Special Payment (or, in the absence of any such notice, upon receipt by the Subordination Agent of a Special Payment), the Subordination Agent shall promptly give notice thereof to each Trustee and the Liquidity Providers. The Subordination Agent
shall promptly calculate the amount of the proceeds of any redemption or purchase of any Equipment Note or the amount of any Overdue Scheduled Payment or the proceeds of Equipment Notes or Collateral, as the case may be, comprising such Special
Payment under the applicable Indenture or Indentures and shall promptly send to each Trustee and the Liquidity Providers a Written Notice of such amount and the amount allocable to each Trust. Such Written Notice shall also set the distribution date
for such Special Payment (a “Special Distribution Date”), which shall be the Business Day which immediately follows the later to occur of (x) the 15th day after the date of such Written Notice and (y) the date the
Subordination Agent has received or expects to receive such Special Payment. Amounts on deposit in the Special Payments Account shall be distributed in accordance with Sections 2.04(b) and 2.04(c) and Article III
hereof, as applicable. 
 For the purposes of the application of any Special Payment in respect of any Equipment Note to be distributed on
any Special Distribution Date in accordance with Section 3.02 hereof, so long as no Indenture Event of Default shall have occurred and be continuing under any Indenture: 

(i) clause “second” thereof shall be deemed to read as follows: “second, accrued and unpaid Liquidity Expenses
then overdue plus an amount equal to all accrued and unpaid Liquidity Expenses not yet overdue multiplied by the Section 2.04 Fraction shall be distributed to the Liquidity Providers pro rata on the basis of the amount of the Liquidity Expenses
owed to each Liquidity Provider”; 

  

					
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 (ii) clause “third” thereof shall be deemed to read as follows:
“third, (i) such amount as shall be required to pay accrued and unpaid interest then overdue on all Liquidity Obligations (at the rate, or in the amount, provided in the applicable Liquidity Facility) plus an amount equal to the amount of
accrued and unpaid interest on the Liquidity Obligations not yet overdue multiplied by the Section 2.04 Fraction and (ii) if one or more Special Termination Drawings have been made under the Liquidity Facilities that have not been
converted into a Final Drawing, the outstanding amount of such Special Termination Drawings shall be distributed to the Liquidity Providers pro rata on the basis of the amounts owed to each Liquidity Provider”; 

(iii) clause “seventh” thereof shall be deemed to read as follows: “seventh, such amount as shall be required to
pay accrued, due and unpaid interest at the Stated Interest Rate on the outstanding Pool Balance of the Class AA Certificates, together with (without duplication) any other accrued and unpaid interest at the Stated Interest Rate on the
outstanding principal amount of the Series AA Equipment Notes held in the Class AA Trust being redeemed, purchased or prepaid, shall be paid to the Class AA Trustee”; 

(iv) clause “eighth” thereof shall be deemed to read as follows: “eighth, such amount as shall be required to
pay any accrued, due and unpaid Class A Adjusted Interest to the holders of the Class A Certificates shall be paid to the Class A Trustee”; 

(v) clause “ninth” thereof shall be deemed to read as follows: “ninth, such amount as shall be required to pay
any accrued, due and unpaid Class B Adjusted Interest to the holders of the Class B Certificates shall be paid to the Class B Trustee”; 

(vi) clause “eleventh” thereof shall be deemed to read as follows: “eleventh, such amount as shall be required
to pay in full accrued, due and unpaid interest at the Stated Interest Rate on the outstanding Pool Balance of the Class A Certificates which was not previously paid pursuant to clause “eighth” above to the holders of the
Class A Certificates, together with (without duplication) any other accrued and unpaid interest at the Stated Interest Rate on the outstanding principal amount of the Series A Equipment Notes held in the Class A Trust and being redeemed,
purchased or prepaid, shall be paid to the Class A Trustee”; and 
 (vii) clause “thirteenth” thereof
shall be deemed to read as follows: “thirteenth, such amount as shall be required to pay in full accrued, due and unpaid interest at the Stated Interest Rate on the outstanding Pool Balance of the Class B Certificates which was not previously
paid pursuant to clause “ninth” above to the holders of the Class B Certificates, together with (without duplication) any other accrued and unpaid interest at the Stated Interest Rate on the outstanding principal amount of the
Series B Equipment Notes held in the Class B Trust and being redeemed, purchased or prepaid, shall be paid to the Class B Trustee”. 

(b) Investment of Amounts in Special Payments Account. Any amounts on deposit in the Special Payments Account prior to the distribution
thereof pursuant to Section 2.04 or 3.02 shall be invested in accordance with Section 2.02(b). Investment Earnings on such investments shall be distributed in accordance with Article III hereof. 

  

					
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 (c) Certain Payments. Except for amounts constituting Liquidity Obligations which shall be
distributed as provided in Section 3.02, the Subordination Agent will distribute promptly upon receipt thereof (i) any indemnity payment or expense reimbursement received by it from American in respect of any Trustee or any
Liquidity Provider (collectively, the “Payees”) and (ii) any compensation received by it from American under any Operative Agreement in respect of any Payee, directly to the Person entitled thereto, provided that if such
Payee has previously received from the Collection Account such payment, compensation or reimbursement, then the Subordination Agent shall deposit such amount in the Collection Account. 

Section 2.05. Designated Representatives. (a) With the delivery of this Agreement, the Subordination Agent shall furnish to
each Liquidity Provider and each Trustee, and from time to time thereafter may furnish to each Liquidity Provider and each Trustee, at the Subordination Agent’s discretion, or upon any Liquidity Provider’s or any Trustee’s request
(which request shall not be made more than one time in any 12-month period), a certificate (a “Subordination Agent Incumbency Certificate”) of a Responsible Officer of the Subordination Agent certifying as to the incumbency and
specimen signatures of the officers of the Subordination Agent and the attorney-in-fact and agents of the Subordination Agent (the “Subordination Agent Representatives”) authorized to give Written Notices on behalf of the
Subordination Agent hereunder. Until each Liquidity Provider and Trustee receives a subsequent Subordination Agent Incumbency Certificate, it shall be entitled to rely on the last Subordination Agent Incumbency Certificate delivered to it hereunder.

 (b) With the delivery of this Agreement, each Trustee shall furnish to the Subordination Agent, and from time to time thereafter may
furnish to the Subordination Agent, at such Trustee’s discretion, or upon the Subordination Agent’s request (which request shall not be made more than one time in any 12-month period), a certificate (with respect to each such Trustee, a
“Trustee Incumbency Certificate”) of a Responsible Officer of such Trustee certifying as to the incumbency and specimen signatures of the officers of such Trustee and the attorney-in-fact and agents of such Trustee (with respect to
each such Trustee, the “Trustee Representatives”) authorized to give Written Notices on behalf of such Trustee hereunder. Until the Subordination Agent receives a subsequent Trustee Incumbency Certificate from a Trustee, it shall be
entitled to rely on the last Trustee Incumbency Certificate with respect to such Trustee delivered to it hereunder. 
 (c) With the delivery
of this Agreement, each Liquidity Provider shall furnish to the Subordination Agent, and from time to time thereafter may furnish to the Subordination Agent, at such Liquidity Provider’s discretion, or upon the Subordination Agent’s
request (which request shall not be made more than one time in any 12-month period), a certificate (with respect to each such Liquidity Provider, an “LP Incumbency Certificate”) of a Responsible Officer of such Liquidity Provider
certifying as to the incumbency and specimen signatures of the officers of such Liquidity Provider and the attorney-in-fact and agents of such Liquidity Provider (with respect to each such Liquidity Provider, the “LP
Representatives” and, together with the Subordination Agent Representatives and the Trustee Representatives, the “Designated Representatives”) authorized to give Written Notices on behalf of such Liquidity Provider
hereunder. Until the Subordination Agent receives a subsequent LP Incumbency Certificate from a Liquidity Provider, it shall be entitled to rely on the last LP Incumbency Certificate with respect to such Liquidity Provider delivered to it hereunder.

  

					
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 Section 2.06. Controlling Party. (a) Subject to Section 8.01(b), the
Trustees and the Liquidity Providers hereby agree that, with respect to any Indenture at any given time, the Loan Trustee thereunder will be directed: (i) so long as no Indenture Event of Default has occurred and is continuing thereunder, in
taking, or refraining from taking, any action under such Indenture or with respect to the Equipment Notes issued thereunder by a Majority in Interest of Noteholders of such Equipment Notes (provided that for so long as the Subordination Agent
is the registered holder of such Equipment Notes, the Subordination Agent shall act with respect to this clause (i) in accordance with the directions of the Trustees (in the case of each such Trustee, with respect to the Equipment Notes
issued under such Indenture and held as Trust Property of such Trust) constituting, in the aggregate, directions with respect to an outstanding principal amount of such Equipment Notes that, if held by such Trustees directly, would make such
Trustees a Majority in Interest of Noteholders), and (ii) after the occurrence and during the continuance of an Indenture Event of Default thereunder, in taking, or refraining from taking, any action under such Indenture or with respect to such
Equipment Notes issued thereunder, including exercising remedies thereunder (including Accelerating the Equipment Notes issued thereunder or foreclosing the Lien created thereunder on the Aircraft securing such Equipment Notes), by the Controlling
Party. 
 (b) Subject to paragraph (c) below, the “Controlling Party” shall be (w) the Class AA Trustee,
(x) upon payment of Final Distributions to the holders of the Class AA Certificates, but prior to payment of the Final Distributions to the holders of Class A Certificates, the Class A Trustee, (y) upon payment of Final
Distributions to the holders of the Class AA Certificates and the Class A Certificates, but prior to payment of Final Distributions to the holders of Class B Certificates, the Class B Trustee, and (z) upon payment of Final
Distributions to the holders of the Class AA Certificates, the Class A Certificates and the Class B Certificates, but, if any Additional Certificates are outstanding, prior to payment of Final Distributions to the holders of the most senior
class of Additional Certificates, the Additional Trustee for the Additional Trust related to such most senior class of Additional Certificates. For purposes of giving effect to the provisions of Section 2.06(a) and this
Section 2.06(b), the Trustees (other than the Controlling Party) irrevocably agree (and the Certificateholders (other than the Certificateholders represented by the Controlling Party) shall be deemed to agree by virtue of their purchase
of Certificates) that the Subordination Agent, as record holder of the Equipment Notes, and subject always to the provisions of Section 2.06(a) and Article VIII, shall exercise its voting rights in respect of the Equipment
Notes so held by the Subordination Agent as directed by the Controlling Party and any vote so exercised shall be binding upon the Trustees and all Certificateholders. 

The Subordination Agent shall give Written Notice to all of the other parties to this Agreement promptly upon a change in the identity of the
Controlling Party. Each of the parties hereto agrees that it shall not exercise any of the rights of the Controlling Party at such time as it is not the Controlling Party hereunder; provided, however, that nothing herein contained
shall prevent or prohibit any Non-Controlling Party from exercising such rights as shall be specifically granted to such Non-Controlling Party hereunder and under the other Operative Agreements. 

(c) Notwithstanding the foregoing, at any time after 18 months from the earliest to occur of (i) the date on which the entire Available
Amount as of such date under any 

  

					
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Liquidity Facility shall have been drawn (for any reason other than a Downgrade Drawing or a Non-Extension Drawing but including a Final Drawing, a Special Termination Drawing or a Downgrade
Drawing or Non-Extension Drawing that has been converted into a Final Drawing under such Liquidity Facility) and remains unreimbursed, (ii) the date on which the entire amount of any Downgrade Drawing or Non-Extension Drawing under any
Liquidity Facility shall have become and remain “Applied Downgrade Advances” or “Applied Non-Extension Advances”, as the case may be, under and as defined in such Liquidity Facility and (iii) the date on which all Equipment
Notes under all Indentures shall have been Accelerated (provided, that in the event of a bankruptcy proceeding under the Bankruptcy Code in which American is a debtor, any amounts payable in respect of Equipment Notes which have become
immediately due and payable by declaration or otherwise shall not be considered Accelerated for purposes of this sub-clause (iii) until the expiration of the 60-Day Period or such longer period as may apply under
Section 1110(a)(2)(B) or Section 1110(b) of the Bankruptcy Code), the Liquidity Provider with the greatest amount of unreimbursed Liquidity Obligations owed to it (so long as such Liquidity Provider has not defaulted in its obligation to
make any Drawing under its Liquidity Facility) shall have the right to elect, by Written Notice to the Subordination Agent and each of the Trustees, to become the Controlling Party hereunder with respect to any Indenture at any time from and
including the last day of such 18-month period. 
 (d) [Reserved]. 

(e) The exercise of remedies by the Controlling Party under this Agreement shall be expressly limited by Sections 4.01(a)(ii) and
4.01(a)(iii) hereof. 
 (f) The Controlling Party shall not be entitled to require or obligate any Non-Controlling Party to provide
funds necessary to exercise any right or remedy hereunder. 
 (g) Notwithstanding anything contained herein, neither the Controlling Party
nor the Subordination Agent shall be authorized or empowered to do anything that would cause any Trust to fail to qualify as a “grantor trust” for federal income tax purposes. 

ARTICLE III 
 RECEIPT,
DISTRIBUTION AND APPLICATION OF 
 AMOUNTS RECEIVED 

Section 3.01. Written Notice of Distribution. (a) No later than 3:00 P.M. (New York City time) on the Business Day
immediately preceding each Distribution Date, each of the following Persons shall deliver to the Subordination Agent a Written Notice setting forth the following information as at the close of business on such Business Day: 

(i) With respect to the Class AA Certificates, the Class AA Trustee shall separately set forth the amounts to be paid
in accordance with clause “first” (to reimburse payments made by such Trustee or the Class AA Certificateholders, as the case may be, pursuant to subclause (ii) or (iv) of clause
“first”) of Section 3.02 hereof, subclauses (ii) and (iii) of clause “sixth” of Section 3.02 hereof and clauses “seventh” and “tenth” of
Section 3.02 hereof; 

  

					
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 (ii) With respect to the Class A Certificates, the Class A Trustee
shall separately set forth the amounts to be paid in accordance with clause “first” (to reimburse payments made by such Trustee or the Class A Certificateholders, as the case may be, pursuant to subclause (ii) or
(iv) of clause “first”) of Section 3.02 hereof, subclauses (ii) and (iii) of clause “sixth” of Section 3.02 hereof and clauses “eighth”,
“eleventh” and “twelfth” of Section 3.02 hereof; 
 (iii) With respect to the
Class B Certificates, the Class B Trustee shall separately set forth the amounts to be paid in accordance with clause “first” (to reimburse payments made by such Trustee or the Class B Certificateholders, as the case
may be, pursuant to subclause (ii) or (iv) of clause “first”) of Section 3.02 hereof, subclauses (ii) and (iii) of clause “sixth” of
Section 3.02 hereof and clauses “ninth”, “thirteenth” and “fourteenth” of Section 3.02 hereof; 

(iv) With respect to each Liquidity Facility, the Liquidity Provider thereunder shall separately set forth the amounts to be
paid to it in accordance with subclauses (iii) and (iv) of clause “first” of Section 3.02 hereof, clause “second” of Section 3.02 hereof, clause
“third” of Section 3.02 hereof, clause “fourth” of Section 3.02 hereof and clause “fifth” of Section 3.02 hereof; and 

(v) Each Trustee shall set forth the amounts to be paid in accordance with clause “sixth” of
Section 3.02 hereof. 
 (b) At such time as a Trustee or a Liquidity Provider shall have received all amounts owing to it (and,
in the case of a Trustee, the Certificateholders for which it is acting) pursuant to Section 3.02 hereof, as applicable, and, in the case of a Liquidity Provider, its commitment or obligations under the related Liquidity Facility shall
have terminated or expired, such Person shall, by a Written Notice, so inform the Subordination Agent, American and each other party to this Agreement. 

(c) As provided in Section 6.05, the Subordination Agent shall be fully protected in relying on any of the information set forth
in a Written Notice provided by any Trustee or any Liquidity Provider pursuant to paragraphs (a) and (b) above and shall have no independent obligation to verify, calculate or recalculate any amount set forth in any Written
Notice delivered in accordance with such paragraphs. 
 (d) Any Written Notice delivered by a Trustee, a Liquidity Provider or the
Subordination Agent, as applicable, pursuant to Section 3.01, if made prior to 10:00 A.M. (New York City time) on any Business Day shall be effective on the date delivered (or if delivered later on a Business Day or if delivered on a day
that is not a Business Day shall be effective as of the next Business Day). Subject to the terms of this Agreement, the Subordination Agent shall as promptly as practicable comply with any such instructions; provided, however, that any
transfer of funds pursuant to any instruction received after 10:00 A.M. (New York City time) on any Business Day may be made on the next succeeding Business Day. 

(e) In the event the Subordination Agent shall not receive from any Person any information set forth in paragraph (a) above which
is required to enable the Subordination 

  

					
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Agent to make a distribution to such Person pursuant to Section 3.02 hereof, the Subordination Agent shall request such information and, failing to receive any such information, the
Subordination Agent shall not make such distribution(s) to such Person. In such event, the Subordination Agent shall make distributions pursuant to clauses “first” through “fourteenth” of Section 3.02 to
the extent it shall have sufficient information to enable it to make such distributions, and shall continue to hold any funds remaining on the terms hereof, including Section 2.02(b), after making such distributions, until the
Subordination Agent shall receive all necessary information to enable it to distribute any funds so withheld, and upon receipt of the information necessary to distribute any funds so withheld, the Subordination Agent shall distribute such funds.

 (f) On such dates (but not more frequently than monthly) as any Liquidity Provider or any Trustee shall request, but in any event
automatically at the end of each calendar quarter, the Subordination Agent shall send to such party a written statement reflecting all amounts on deposit with the Subordination Agent pursuant to Section 3.01(e). 

The notices required under Section 3.01(a) may be in the form of a schedule or similar document provided to the Subordination
Agent by the parties referenced therein or by any one of them, which schedule or similar document may state that, unless there has been a prepayment of the Equipment Notes, such schedule or similar document is to remain in effect until any
substitute notice or amendment shall be given to the Subordination Agent by the party providing such notice. 
 Section 3.02.
Distribution of Amounts on Deposit in the Collection Account. Except as otherwise provided in Sections 2.04, 3.01(e), 3.03, 3.05(b) and 3.05(k), amounts on deposit in the Collection Account (including
amounts on deposit in the Special Payments Account) shall be promptly distributed on each Regular Distribution Date (or, in the case of any amount described in Sections 2.04(a) or 2.04(b), on the Special Distribution Date thereof) in the
following order of priority and in accordance with the information provided to the Subordination Agent pursuant to Section 3.01(a): 

first, such amount as shall be required to reimburse (i) the Subordination Agent for any reasonable out-of-pocket
costs and expenses actually incurred by it (to the extent not previously reimbursed) or reasonably expected to be incurred by it for the period ending on the next succeeding Regular Distribution Date (which shall not exceed $150,000 unless approved
in writing by the Controlling Party and accompanied by evidence that such costs are actually expected to be incurred) in the protection of, or the realization of the value of, the Equipment Notes or any Collateral, shall be applied by the
Subordination Agent in reimbursement of such costs and expenses, (ii) any Trustee for any amounts of the nature described in clause (i) above actually incurred by it under the applicable Trust Agreement (to the extent not previously
reimbursed), shall be distributed to such Trustee, (iii) any Liquidity Provider for any amounts of the nature described in clause (i) above actually incurred by it (to the extent not previously reimbursed), shall be distributed to
such Liquidity Provider, and (iv) any Liquidity Provider or any Certificateholder for payments, if any, made by it to the Subordination Agent or any Trustee in respect of amounts described in clause (i) above actually incurred by it
(to the extent not previously reimbursed) (collectively, the “Administration Expenses”), shall be distributed to such Liquidity Provider or the applicable Trustee for the account of such Certificateholder, in each such case, pro
rata on the basis of all amounts described in clauses (i) through (iv) above; 

  

					
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 second, such amount as shall be required to pay all accrued and unpaid
Liquidity Expenses owed to each Liquidity Provider (other than amounts distributed pursuant to clause “first” of this Section 3.02) shall be distributed to the Liquidity Providers pro rata on the basis of the amount of
Liquidity Expenses owed to each Liquidity Provider; 
 third, such amount as shall be required to pay (i) the
aggregate amount of accrued and unpaid interest on all Liquidity Obligations (at the rate, or in the amount, provided in the applicable Liquidity Facility) shall be distributed to the Liquidity Providers pro rata on the basis of the amounts
owed to each Liquidity Provider, and (ii) if one or more Special Termination Drawings have been made under the Liquidity Facilities that have not been converted into a Final Drawing, the outstanding amount of such Special Termination Drawings
shall be distributed to the Liquidity Providers, pro rata on the basis of the amounts owed to each Liquidity Provider; 

fourth, such amount as shall be required (A) if any Cash Collateral Account had been previously funded as provided
in Section 3.05(f), unless (i) on such Distribution Date a Performing Note Deficiency exists and a Liquidity Event of Default shall have occurred and be continuing with respect to the relevant Liquidity Facility or (ii) a Final
Drawing shall have occurred with respect to such Liquidity Facility, to fund such Cash Collateral Account up to its Required Amount shall be deposited in such Cash Collateral Account, (B) if any Liquidity Facility shall become a Downgraded
Facility or a Non Extended Facility at a time when unreimbursed Interest Drawings under such Liquidity Facility have reduced the Available Amount thereunder to zero, unless (i) on such Distribution Date a Performing Note Deficiency exists and a
Liquidity Event of Default shall have occurred and be continuing with respect to the relevant Liquidity Facility or (ii) a Final Drawing shall have occurred with respect to such Liquidity Facility, to fund such Cash Collateral Account up to its
Required Amount shall be deposited in the related Cash Collateral Account, and (C) if, with respect to any particular Liquidity Facility neither subclause (A) nor subclause (B) of this clause “fourth” is
applicable, to pay or reimburse the Liquidity Provider in respect of such Liquidity Facility in an amount equal to the outstanding amount of all Liquidity Obligations then due under such Liquidity Facility (other than amounts distributed pursuant to
clauses “first”, “second” or “third” of this Section 3.02), pro rata on the basis of the amounts of all such fundings and/or unreimbursed Liquidity Obligations payable to each Liquidity Provider; 

fifth, if, with respect to any particular Liquidity Facility, any amounts are to be distributed pursuant to either
subclause (A) or (B) of clause “fourth” above, then the Liquidity Provider with respect to such Liquidity Facility shall be paid the excess of (x) the aggregate outstanding amount of unreimbursed
Advances (whether or not then due) under such Liquidity Facility over (y) the Required Amount for the relevant Cash Collateral Account without duplication of any amounts distributed pursuant to clauses “first”, “second”,
“third”, and “fourth” of this Section 3.02, pro rata on the basis of such amounts in respect of such Liquidity Provider; 

sixth, such amount as shall be required to reimburse or pay (i) the Subordination Agent for any Tax (other than
Taxes imposed on compensation paid hereunder), expense, fee, charge or other loss incurred by, or any other amount payable to, the Subordination 

  

					
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Agent in connection with the transactions contemplated hereby (to the extent not previously reimbursed), shall be applied by the Subordination Agent in reimbursement of such amount,
(ii) each Trustee for any Tax (other than Taxes imposed on compensation paid under the applicable Trust Agreement), expense, fee, charge or other loss incurred by, or any other amount payable to, such Trustee under the applicable Trust
Agreements (to the extent not previously reimbursed), shall be distributed to such Trustee, and (iii) each Certificateholder for payments, if any, made by it pursuant to Section 5.02 hereof in respect of amounts described in
clause (i) above (without duplication of any amounts distributed pursuant to subclause (iv) of clause “first” of this Section 3.02) shall be distributed to the applicable Trustee for the
account of such Certificateholder, in each such case, pro rata, without duplication, on the basis of all amounts described in clauses (i) through (iii) above; 

seventh, such amount as shall be required to pay in full accrued and unpaid interest at the Stated Interest Rate on the
Pool Balance of the Class AA Certificates shall be distributed to the Class AA Trustee; 
 eighth, such
amount as shall be required to pay unpaid Class A Adjusted Interest to the holders of the Class A Certificates shall be distributed to the Class A Trustee; 

ninth, such amount as shall be required to pay unpaid Class B Adjusted Interest to the holders of the Class B
Certificates shall be distributed to the Class B Trustee; 
 tenth, such amount as shall be required to pay in
full Expected Distributions to the holders of the Class AA Certificates on such Distribution Date shall be distributed to the Class AA Trustee; 

eleventh, such amount as shall be required to pay in full accrued and unpaid interest at the Stated Interest Rate on the
Pool Balance of the Class A Certificates which was not previously paid pursuant to clause “eighth” above to the holders of the Class A Certificates shall be distributed to the Class A Trustee; 

twelfth, such amount as shall be required to pay in full Expected Distributions to the holders of the Class A
Certificates on such Distribution Date shall be distributed to the Class A Trustee; 
 thirteenth, such amount as
shall be required to pay in full accrued and unpaid interest at the Stated Interest Rate on the Pool Balance of the Class B Certificates which was not previously paid pursuant to clause “ninth” above to the holders of the
Class B Certificates shall be distributed to the Class B Trustee; 
 fourteenth, such amount as shall be
required to pay in full Expected Distributions to the holders of the Class B Certificates on such Distribution Date shall be distributed to the Class B Trustee; and 

fifteenth, the balance, if any, of any such amount remaining thereafter shall be held in the Collection Account for
later distribution in accordance with this Article III. 
 With respect to clauses “first” and
“sixth” above, no amounts shall be reimbursable to the Subordination Agent, any Trustee, any Liquidity Provider or any Certificateholder for any payments made by any such Person in connection with any Equipment Note that is no
longer held by the Subordination Agent (to the extent that such payments relate to periods after such Equipment Note ceases to be held by the Subordination Agent). 

  

					
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		 		 	American Airlines Aircraft EETC

 Section 3.03. Other Payments. (a) Any payments received by the Subordination
Agent for which no provision as to the application thereof is made in this Agreement shall be distributed by the Subordination Agent (i) in the order of priority specified in Section 3.02 hereof and (ii) to the extent received
or realized at any time after the Final Distributions for each Class of Certificates have been made, in the manner provided in clause “first” of Section 3.02 hereof. 

(b) Notwithstanding the priority of payments specified in Section 3.02, in the event any Investment Earnings on amounts on deposit
in any Cash Collateral Account resulting from an Unapplied Provider Advance are deposited in the Collection Account or the Special Payments Account, such Investment Earnings shall be used to pay interest payable in respect of such Unapplied Provider
Advance to the extent of such Investment Earnings. 
 (c) If the Subordination Agent receives any Scheduled Payment after the Scheduled
Payment Date relating thereto, but prior to such payment becoming an Overdue Scheduled Payment, then the Subordination Agent shall deposit such Scheduled Payment in the Collection Account and promptly distribute such Scheduled Payment in accordance
with the priority of distributions set forth in Section 3.02; provided, that, for the purposes of this Section 3.03(c) only, each reference in clause “tenth”, “twelfth” and
“fourteenth” of Section 3.02 to “Distribution Date” shall be deemed to refer to such Scheduled Payment Date. 

Section 3.04. Payments to the Trustees and the Liquidity Providers. Any amounts distributed hereunder to any Liquidity
Provider shall be paid by wire transfer of funds to the account that such Liquidity Provider shall provide to the Subordination Agent. The Subordination Agent shall provide a Written Notice of any such transfer to the applicable Liquidity Provider
at the time of such transfer. Any amounts distributed hereunder by the Subordination Agent to any Trustee that is not the same institution as the Subordination Agent shall be paid to such Trustee by wire transfer of funds at the account such Trustee
shall provide to the Subordination Agent. 
 Section 3.05. Liquidity Facilities. (a) Interest Drawings. If on
any Distribution Date, after giving effect to the subordination provisions of this Agreement, the Subordination Agent shall not have sufficient funds for the payment of any amounts due and owing in respect of accrued interest on the Class AA
Certificates, the Class A Certificates or the Class B Certificates (at the Stated Interest Rate for such Class of Certificates), then, prior to 10:00 a.m. (New York City time) on such Distribution Date, (i) the Subordination Agent
shall request a drawing (each such drawing, an “Interest Drawing”) under the Liquidity Facility with respect to such Class of Certificates in an amount equal to the lesser of (x) an amount sufficient to pay the amount of such
accrued interest shortfall (at the applicable Stated Interest Rate for such Class of Certificates) and (y) the Available Amount under such Liquidity Facility, and (ii) the Subordination Agent shall upon receipt of such amount pay such
amount to the Trustee with respect to each such Class of Certificates in payment of such accrued interest shortfall. 
 (b) Application
of Interest Drawings. Notwithstanding anything to the contrary contained in this Agreement, (i) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class AA Liquidity Facility and all amounts
withdrawn by the Subordination Agent from the Class AA Cash Collateral Account, and payable, in each case, to the Class AA Certificateholders or the Class AA Trustee, shall be promptly distributed to

  

					
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		 		 	American Airlines Aircraft EETC

 
the Class AA Trustee, (ii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class A Liquidity Facility and all amounts withdrawn by the
Subordination Agent from the Class A Cash Collateral Account, and payable, in each case, to the Class A Certificateholders or the Class A Trustee, shall be promptly distributed to the Class A Trustee, and (iii) all payments
received by the Subordination Agent in respect of an Interest Drawing under the Class B Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class B Cash Collateral Account, and payable, in each case, to the
Class B Certificateholders or the Class B Trustee, shall be promptly distributed to the Class B Trustee. 
 (c) Downgrade
Drawings. 
 (i) Each Liquidity Provider will promptly, but in any event within ten (10) days of the occurrence of a
Downgrade Event with respect to it (the date of such occurrence, the “Downgrade Date”), deliver notice to the Subordination Agent and American of the occurrence of such Downgrade Event and the Downgrade Date therefor. After the
occurrence of a Downgrade Event with respect to any Liquidity Provider, each Liquidity Facility provided by such Liquidity Provider shall become a “Downgraded Facility” on the thirty-fifth (35th) day after the related Downgrade Date, unless, not later than such thirty-fifth (35th) day (or, if earlier, the expiration date of such Downgraded Facility), the Rating Agency whose
downgrading of such Liquidity Provider resulted in such Downgrade Event shall have provided a written confirmation to the effect that the occurrence of such Downgrade Event will not result in the downgrading, withdrawal or suspension of the ratings
then issued by such Rating Agency of the related Class of Certificates. Notwithstanding the foregoing, if at any time after the occurrence of such Downgrade Event, such Liquidity Provider notifies the Subordination Agent in writing that no such
confirmation will be provided by such Rating Agency, each Liquidity Facility provided by such Liquidity Provider shall become a Downgraded Facility as of the date of such notice to the Subordination Agent. 

(ii) If at any time any Liquidity Facility becomes a Downgraded Facility, not later than the thirty-fifth (35th) day after
the related Downgrade Date (or, if earlier, the expiration date of such Downgraded Facility), the Liquidity Provider under such Downgraded Facility (at its own expense, except as provided in the applicable Fee Letter) or American (at its own
expense, except as provided in the applicable Fee Letter) may arrange for a Replacement Liquidity Provider to issue and deliver a Replacement Liquidity Facility to the Subordination Agent. 

(iii) If a Downgraded Facility has not been replaced by a Replacement Liquidity Facility in accordance with
Section 3.05(c)(ii), the Subordination Agent shall, on the 35th day referred to in Section 3.05(c)(ii) (or if such 35th day is not a Business Day, on the next succeeding Business Day) (or, if earlier, the expiration date of such Downgraded
Facility), request a drawing in accordance with and to the extent permitted by such Downgraded Facility (such drawing, a “Downgrade Drawing”) of the Available Amount thereunder. Amounts drawn pursuant to a Downgrade Drawing shall be
maintained and invested as provided in Section 3.05(f) hereof. Subject to Section 3.05(e)(iii), the applicable Liquidity Provider may also arrange for a Replacement Liquidity Provider to issue and deliver a Replacement
Liquidity Facility at any time after such Downgrade Drawing so long as such Downgrade Drawing has not been reimbursed in full to such Liquidity Provider. 

  

					
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 (iv) For the avoidance of doubt, the provisions of this
Section 3.05(c) shall apply to each occurrence of a Downgrade Event with respect to a Liquidity Provider, regardless of whether or not one or more Downgrade Events have occurred prior thereto and whether or not any confirmation by a
Rating Agency specified in Section 3.05(c)(i) has been obtained with respect to any prior occurrence of a Downgrade Event. 

(v) If at any time after making a Downgrade Drawing, the applicable Liquidity Provider satisfies the Threshold Rating and delivers written
notice to such effect to the Subordination Agent and American, as of the second Business Day following receipt of such notice, (i) the Downgraded Facility shall cease to be a Downgraded Facility, (ii) the Subordination Agent shall withdraw
the unapplied amount of such Downgrade Drawing on deposit in the Class AA Cash Collateral Account, the Class A Cash Collateral Account or the Class B Cash Collateral Account, as applicable, and reimburse such amount to the Liquidity Provider
and (iii) any applied amount of such Downgrade Drawing shall be deemed to have been converted to an Interest Drawing as of such date in accordance with the applicable Liquidity Facility. 

(d) Non-Extension Drawings. If any Liquidity Facility with respect to any Class of Certificates is scheduled to expire on a date (the
“Stated Expiration Date”) prior to the date that is fifteen (15) days after the Final Legal Distribution Date for such Class of Certificates, then, if before the 25th day prior to any anniversary date of the Closing Date (such
25th day, the “Notice Date”) the Liquidity Provider shall have advised the Subordination Agent that such Liquidity Facility shall not be extended beyond the immediately following anniversary date of the Closing Date and on or before
the Notice Date such Liquidity Facility shall not have been replaced in accordance with Section 3.05(e), the Subordination Agent shall, on the Notice Date (or as soon thereafter as possible but prior to the date of expiration of the
expiring Liquidity Facility (a “Non-Extended Facility”)), in accordance with the terms of such Non-Extended Facility, request a drawing under such Non-Extended Facility (such drawing, a “Non-Extension Drawing”) of
all available and undrawn amounts thereunder. 
 (e) Issuance of Replacement Liquidity Facility. (i) Subject to
Section 3.05(e)(iii) and the agreements, if any, in the applicable Fee Letter, at any time, American may, at its option and at its own expense, with cause or without cause, arrange for a Replacement Liquidity Facility to replace any
Liquidity Facility for any Class of Certificates (including any Replacement Liquidity Facility provided pursuant to Section 3.05(e)(ii)); provided, however, that if the initial Liquidity Provider is replaced (including as a
result of a refinancing of the Class A Certificates or Class B Certificates) it shall be replaced with respect to all Liquidity Facilities under which it is a Liquidity Provider. If such Replacement Liquidity Facility is provided at any time
after a Downgrade Drawing, a Non-Extension Drawing or a Special Termination Drawing has been made, all funds on deposit in the relevant Cash Collateral Account resulting from such Downgrade Drawing, Non-Extension Drawing or Special Termination
Drawing will be returned to the Liquidity Provider being replaced. 
 (ii) If any Liquidity Provider shall determine not to
extend its Liquidity Facility in accordance with Section 3.05(d), then such Liquidity Provider may, at its option and its own expense, arrange for a Replacement Liquidity Facility to replace such Liquidity Facility during the period no
earlier than forty (40) days and no later than twenty-five (25) days prior to 

  

					
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		 		 	American Airlines Aircraft EETC

 
the then effective Stated Expiration Date of such Liquidity Facility. At any time after a Non-Extension Drawing has been made under any Liquidity Facility, the Liquidity Provider thereunder may,
at its option and its own expense, arrange for a Replacement Liquidity Facility to replace the Liquidity Facility under which such Non-Extension Drawing has been made. 

(iii) No Replacement Liquidity Facility arranged by American or a Liquidity Provider in accordance with clause (i)
or (ii) above or pursuant to Section 3.05(c), respectively, shall become effective and no such Replacement Liquidity Facility shall be deemed a “Liquidity Facility” under the Operative Agreements, unless and until
(A) each of the conditions referred to in sub-clauses (iv)(x) and (z) below shall have been satisfied, (B) if such Replacement Liquidity Facility shall materially adversely affect the rights, remedies, interests or
obligations of the Class AA Certificateholders, the Class A Certificateholders or the Class B Certificateholders under any of the Operative Agreements, the applicable Trustee shall have consented, in writing, to the execution and issuance
of such Replacement Liquidity Facility and (C) in the case of a Replacement Liquidity Facility arranged by a Liquidity Provider under Section 3.05(e)(ii) or pursuant to Section 3.05(c), such Replacement Liquidity
Facility is reasonably acceptable to American. 
 (iv) In connection with the issuance of each Replacement Liquidity
Facility, the Subordination Agent shall (x) prior to the issuance of such Replacement Liquidity Facility, obtain written confirmation from each Rating Agency that such Replacement Liquidity Facility will not cause a reduction, withdrawal or
suspension of any rating then in effect for the related Class of Certificates by such Rating Agency (without regard to any downgrading of any rating of the Liquidity Provider being replaced pursuant to Section 3.05(c)), (y) pay all
Liquidity Obligations then owing to the replaced Liquidity Provider (which payment shall be made first from available funds in the applicable Cash Collateral Account as described in Section 3.05(f), and thereafter from any other
available source, including, without limitation, a drawing under the Replacement Liquidity Facility) and (z) cause the issuer of the Replacement Liquidity Facility to deliver the Replacement Liquidity Facility to the Subordination Agent,
together with a legal opinion opining that such Replacement Liquidity Facility is an enforceable obligation of such Replacement Liquidity Provider. 

(v) Upon satisfaction of the conditions set forth in clauses (iii) and (iv) of this
Section 3.05(e) with respect to a Replacement Liquidity Facility, (1) the replaced Liquidity Facility shall terminate, (2) the Subordination Agent shall, if and to the extent so requested by American or the Liquidity Provider
being replaced, execute and deliver any certificate or other instrument required in order to terminate the replaced Liquidity Facility, shall surrender the replaced Liquidity Facility to the Liquidity Provider being replaced and shall execute and
deliver the Replacement Liquidity Facility and any associated Fee Letter, (3) each of the parties hereto shall enter into any amendments to this Agreement necessary to give effect to (a) the replacement of the applicable Liquidity Provider
with the applicable Replacement Liquidity Provider and (b) the replacement of the applicable Liquidity Facility with the applicable Replacement Liquidity Facility, and (4) the applicable Replacement Liquidity Provider shall be deemed to be
a Liquidity Provider with the rights and obligations of a Liquidity Provider hereunder and under the other Operative Agreements and such Replacement Liquidity Facility shall be deemed to be a Liquidity Facility hereunder and under the other
Operative Agreements. 

  

					
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		 		 	American Airlines Aircraft EETC

 (f) Cash Collateral Accounts; Withdrawals; Investments. In the event the Subordination
Agent shall draw all Available Amounts under the Class AA Liquidity Facility, the Class A Liquidity Facility or the Class B Liquidity Facility pursuant to Section 3.05(c), 3.05(d), 3.05(i) or 3.05(k), or in
the event amounts are to be deposited in the Class AA Cash Collateral Account, the Class A Cash Collateral Account or the Class B Cash Collateral Account pursuant to subclause (A) or (B) of clause
“fourth” of Section 3.02, amounts so drawn or to be deposited, as the case may be, shall be deposited by the Subordination Agent in the Class AA Collateral Account, the Class A Cash Collateral Account or the
Class B Cash Collateral Account, as applicable. All amounts on deposit in each Cash Collateral Account shall be invested and reinvested in Eligible Investments in accordance with Section 2.02(b). 

On each Interest Payment Date (or, in the case of any Special Distribution Date with respect to the distribution of a Special Payment, on such
Special Distribution Date), Investment Earnings on amounts on deposit in each Cash Collateral Account with respect to any Liquidity Facility (or in the case of any Special Distribution Date with respect to the distribution of a Special Payment, so
long as no Indenture Event of Default shall have occurred and be continuing under any Indenture, a fraction of such Investment Earnings equal to the Section 2.04 Fraction) shall be deposited in the Collection Account (or, in the case of any
Special Distribution Date with respect to the distribution of a Special Payment, the Special Payments Account) and applied on such Interest Payment Date (or Special Distribution Date, as the case may be) in accordance with Section 3.02
or 3.03 (as applicable). The Subordination Agent shall deliver a written statement to American and each Liquidity Provider one day prior to each Interest Payment Date and Special Distribution Date setting forth the aggregate amount of
Investment Earnings held in the Cash Collateral Accounts as of such date. In addition, from and after the date funds are so deposited, the Subordination Agent shall make withdrawals from such accounts as follows: 

(i) on each Distribution Date, the Subordination Agent shall, to the extent it shall not have received funds to pay accrued and
unpaid interest due and owing on the Class AA Certificates (at the Stated Interest Rate for the Class AA Certificates) after giving effect to the subordination provisions of this Agreement, withdraw from the Class AA Cash Collateral Account, and pay
to the Class AA Trustee, an amount equal to the lesser of (x) an amount necessary to pay accrued and unpaid interest (at the Stated Interest Rate for the Class AA Certificates) on the Class AA Certificates and (y) the amount on deposit in
the Class AA Cash Collateral Account; 
 (ii) on each Distribution Date, the Subordination Agent shall, to the extent it
shall not have received funds to pay accrued and unpaid interest due and owing on the Class A Certificates (at the Stated Interest Rate for the Class A Certificates) after giving effect to the subordination provisions of this Agreement,
withdraw from the Class A Cash Collateral Account, and pay to the Class A Trustee, an amount equal to the lesser of (x) an amount necessary to pay accrued and unpaid interest (at the Stated Interest Rate for the Class A
Certificates) on the Class A Certificates and (y) the amount on deposit in the Class A Cash Collateral Account; 

(iii) on each Distribution Date, the Subordination Agent shall, to the extent it shall not have received funds to pay accrued
and unpaid interest due and owing on the 

  

					
		 	38	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

 
Class B Certificates (at the Stated Interest Rate for the Class B Certificates) after giving effect to the subordination provisions of this Agreement, withdraw from the Class B Cash Collateral
Account, and pay to the Class B Trustee, an amount equal to the lesser of (x) an amount necessary to pay accrued and unpaid interest (at the Stated Interest Rate for the Class B Certificates) on such Class B Certificates and (y) the amount
on deposit in the Class B Cash Collateral Account; 
 (iv) on each date on which the Pool Balance of the Class AA Trust shall
have been reduced by payments made to the Class AA Certificateholders pursuant to Section 3.02 hereof, the Subordination Agent shall withdraw from the Class AA Cash Collateral Account such amount as is necessary so that, after giving
effect to the reduction of the Pool Balance on such date (and any reduction in the amounts on deposit in the Class AA Cash Collateral Account resulting from a prior withdrawal of amounts on deposit in the Class AA Cash Collateral Account on such
date) and any transfer of Investment Earnings from such Cash Collateral Account to the Collection Account or the Special Payments Account on such date, an amount equal to the sum of the Required Amount (with respect to the Class AA Liquidity
Facility) plus (if on a Distribution Date not coinciding with an Interest Payment Date) Investment Earnings on deposit in such Cash Collateral Account (after giving effect to any such transfer of Investment Earnings) will remain on deposit in the
Class AA Cash Collateral Account and shall first, pay such withdrawn amount to the Class AA Liquidity Provider until the Class AA Liquidity Obligations owing to the Class AA Liquidity Provider shall have been paid in full, and second, deposit any
remaining withdrawn amount in the Collection Account; 
 (v) on each date on which the Pool Balance of the Class A Trust
shall have been reduced by payments made to the Class A Certificateholders pursuant to Section 3.02 hereof, the Subordination Agent shall withdraw from the Class A Cash Collateral Account such amount as is necessary so that,
after giving effect to the reduction of the Pool Balance on such date (and any reduction in the amounts on deposit in the Class A Cash Collateral Account resulting from a prior withdrawal of amounts on deposit in the Class A Cash
Collateral Account on such date) and any transfer of Investment Earnings from such Cash Collateral Account to the Collection Account or the Special Payments Account on such date, an amount equal to the sum of the Required Amount (with respect to the
Class A Liquidity Facility) plus (if on a Distribution Date not coinciding with an Interest Payment Date) Investment Earnings on deposit in such Cash Collateral Account (after giving effect to any such transfer of Investment Earnings) will
remain on deposit in the Class A Cash Collateral Account and shall first, pay such withdrawn amount to the Class A Liquidity Provider until the Class A Liquidity Obligations owing to the Class A Liquidity Provider shall have been
paid in full, and second, deposit any remaining withdrawn amount in the Collection Account; 
 (vi) on each date on which the
Pool Balance of the Class B Trust shall have been reduced by payments made to the Class B Certificateholders pursuant to Section 3.02 hereof, the Subordination Agent shall withdraw from the Class B Cash Collateral Account such amount as
is necessary so that, after giving effect to the reduction of the Pool Balance on such date (and any reduction in the amounts on deposit in the Class B Cash Collateral Account resulting from a prior withdrawal of amounts on deposit in the

  

					
		 	39	 	Intercreditor Agreement (2016-1)
		 		 	American Airlines Aircraft EETC

 
Class B Cash Collateral Account on such date) and any transfer of Investment Earnings from such Cash Collateral Account to the Collection Account or the Special Payments Account on such date, an
amount equal to the sum of the Required Amount (with respect to the Class B Liquidity Facility) plus (if on a Distribution Date not coinciding with an Interest Payment Date) Investment Earnings on deposit in such Cash Collateral Account (after
giving effect to any such transfer of Investment Earnings) will remain on deposit in the Class B Cash Collateral Account and shall first, pay such withdrawn amount to the Class B Liquidity Provider until the Class B Liquidity Obligations owing to
such Liquidity Provider shall have been paid in full, and second, deposit any remaining withdrawn amount in the Collection Account; 

(vii) if a Replacement Liquidity Facility for any relevant Class of Certificates shall be delivered to the Subordination Agent
following the date on which funds have been deposited into the Cash Collateral Account for such Class of Certificates, the Subordination Agent shall withdraw all amounts remaining on deposit in such Cash Collateral Account and shall pay such amounts
to the replaced Liquidity Provider, if any, until all Liquidity Obligations owed to such Person shall have been paid in full, and deposit any remaining amount in the Collection Account; 

(viii) if the Liquidity Provider with respect to a Downgraded Facility satisfies the Threshold Rating and delivers written
notice to such effect to the Subordination Agent and American, on the second Business Day following receipt of such notice, the Subordination Agent shall withdraw all amounts remaining on deposit in the applicable Cash Collateral Account
constituting the unapplied amount of any Downgrade Drawing and shall pay such amounts to such Liquidity Provider and the obligations of the Liquidity Provider shall be reinstated in accordance with the applicable Liquidity Facility; and 

(ix) following (x) the payment of Final Distributions or (y) the Final Legal Distribution Date with respect to any
Class of Certificates covered by a Liquidity Facility, on the date on which the Subordination Agent shall have been notified by the Liquidity Provider for such Class of Certificates that the Liquidity Obligations owed to such Liquidity Provider have
been paid in full, or, if earlier, the first Business Day after such Final Legal Distribution Date, the Subordination Agent shall withdraw all amounts on deposit in the Cash Collateral Account in respect of such Class of Certificates, if any, and
shall deposit such amounts in the Collection Account. 
 (g) Reinstatement. With respect to any Interest Drawing under the
Liquidity Facility for any relevant Trust, upon the reimbursement of the applicable Liquidity Provider for all or any part of the amount of such Interest Drawing, together with any accrued interest thereon, the Available Amount of such Liquidity
Facility shall be reinstated by an amount equal to the amount of such Interest Drawing so reimbursed to the applicable Liquidity Provider but not to exceed the Stated Amount for such Liquidity Facility; provided, however, the Available
Amount of such Liquidity Facility shall not be so reinstated in part or in full at any time if (x) both a Performing Note Deficiency exists and a Liquidity Event of Default shall have occurred and be continuing with respect to the relevant
Liquidity Facility or (y) a Final Drawing, Downgrade Drawing, Non-Extension Drawing or Special Termination Drawing shall have 

  

					
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occurred with respect to such Liquidity Facility or an Interest Drawing shall have been converted into a Final Drawing. In the event that, with respect to any particular Liquidity Facility,
(i) funds are withdrawn from the related Cash Collateral Account pursuant to clause (i), (ii) or (iii) of Section 3.05(f) or (ii) such Liquidity Facility shall become a Downgraded Facility or
a Non-Extended Facility at a time when unreimbursed Interest Drawings under such Liquidity Facility have reduced the Available Amount thereunder to zero, then funds received by the Subordination Agent at any time, other than (x) any time when
both a Performing Note Deficiency exists and a Liquidity Event of Default shall have occurred and be continuing with respect to such Liquidity Facility or (y) any time after a Final Drawing shall have occurred with respect to such Liquidity
Facility or an Interest Drawing for such Liquidity Facility shall have been converted into a Final Drawing, shall be deposited in such Cash Collateral Account as and to the extent provided in clause “fourth” of
Section 3.02 and applied in accordance with Section 3.05(f). 
 (h) Reimbursement. The amount of each drawing
under the Liquidity Facilities shall be due and payable, together with interest thereon, on the dates and at the rates, respectively, provided in the Liquidity Facilities. 

(i) Final Drawing. Upon receipt from a Liquidity Provider of a Termination Notice with respect to its applicable Liquidity Facility,
the Subordination Agent shall, not later than the date specified in such Termination Notice, in accordance with the terms of such Liquidity Facility, request a drawing under such Liquidity Facility of all available and undrawn amounts thereunder (a
“Final Drawing”). Amounts drawn pursuant to a Final Drawing shall be maintained and invested in accordance with Section 3.05(f). 

(j) Adjustments of Stated Amount. Promptly following each date on which the Required Amount of the Liquidity Facility for a relevant
Class of Certificates is reduced as a result of a reduction in the Pool Balance with respect to such Certificates or otherwise, the Subordination Agent shall, if any such Liquidity Facility provides for reductions of the Stated Amount of such
Liquidity Facility and if such reductions are not automatic, request such Liquidity Provider for such Class of Certificates to reduce such Stated Amount to an amount equal to the Required Amount with respect to such Liquidity Facility (as calculated
by the Subordination Agent after giving effect to such payment). Each such request shall be made in accordance with the provisions of the applicable Liquidity Facility. 

(k) Special Termination Drawing. Upon receipt from a Liquidity Provider of a Special Termination Notice with respect to any Liquidity
Facility, the Subordination Agent shall, not later than the date specified in such Special Termination Notice, in accordance with the terms of such Liquidity Facility, request a drawing under such Liquidity Facility of all available and undrawn
amounts thereunder (a “Special Termination Drawing”). Amounts drawn pursuant to a Special Termination Drawing shall be maintained and invested in accordance with Section 3.05(f) hereof. 

(l) Relation to Subordination Provisions. Interest Drawings under the Liquidity Facilities and withdrawals from the Cash Collateral
Accounts, in each case, in respect of interest on the Certificates of any Class, will be distributed to the Trustee for such Class of Certificates, notwithstanding Sections 2.01(b) and 3.02. 

(m) Assignment of Liquidity Facility. The Subordination Agent agrees not to consent to the assignment by any Liquidity Provider of any
of its rights or obligations under any Liquidity Facility or any interest therein unless (i) American shall have consented to such assignment and (ii) each Rating Agency shall have provided a Ratings Confirmation with respect to each Class
of Certificates then rated by such Rating Agency in connection with such assignment; provided that the Subordination Agent shall consent to such assignment if the conditions in the foregoing clauses (i) and (ii) are
satisfied, and the foregoing is not intended to and shall not be construed to limit the rights of any initial Liquidity Provider under Section 3.05(e)(ii). 

  

					
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 ARTICLE IV 

EXERCISE OF REMEDIES 

Section 4.01. Directions from the Controlling Party. (a) (i) Following the occurrence and during the continuation of an
Indenture Event of Default under any Indenture, the Controlling Party shall direct the Subordination Agent, as the holder of the Equipment Notes issued under such Indenture, which in turn shall direct the Loan Trustee under such Indenture, in the
exercise of remedies available to the holders of such Equipment Notes, including, without limitation, the ability to vote all such Equipment Notes held by the Subordination Agent in favor of Accelerating such Equipment Notes in accordance with the
provisions of such Indenture. Subject to Section 4.01(a)(iii), if the Equipment Notes issued pursuant to any Indenture have been Accelerated following an Indenture Event of Default with respect thereto, the Controlling Party may direct
the Subordination Agent to sell, assign, contract to sell or otherwise dispose of and deliver all (but not less than all) of such Equipment Notes to any Person at public or private sale, at any location at the option of the Controlling Party, all
upon such terms and conditions as the Controlling Party may reasonably deem advisable and in accordance with applicable law. 

(ii) Following the occurrence and during the continuation of an Indenture Event of Default under any Indenture, in the exercise
of remedies pursuant to such Indenture, the Loan Trustee under such Indenture may be directed to lease the related Aircraft to any Person (including American) so long as the Loan Trustee in doing so acts in a “commercially reasonable”
manner within the meaning of Article 9 of the Uniform Commercial Code as in effect in any applicable jurisdiction (including Sections 9-610 and 9-627 thereof). 

(iii) Notwithstanding the foregoing, so long as any Certificates remain Outstanding, during the period ending on the date which
is nine months after the earlier of (x) the Acceleration of the Equipment Notes issued pursuant to any Indenture or (y) the occurrence of an American Bankruptcy Event, without the consent of each Trustee (other than the Trustee of any
Trust all of the Certificates of which are held or beneficially owned by American and/or its Affiliates), no Aircraft subject to the Lien of such Indenture or such Equipment Notes may be sold if the net proceeds from such sale would be less than the
Minimum Sale Price for such Aircraft or such Equipment Notes. 
 (iv) Upon the occurrence and continuation of an Indenture
Event of Default under any Indenture, the Subordination Agent will obtain three desktop appraisals from the Appraisers selected by the Controlling Party setting forth the current market value, current lease

  

					
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rate and distressed value (in each case, as defined by the International Society of Transport Aircraft Trading or any successor organization) of the Aircraft subject to such Indenture (each such
appraisal, an “Appraisal” and the current market value appraisals being referred to herein as the “Post-Default Appraisals”). For so long as any Indenture Event of Default shall be continuing under any Indenture,
and without limiting the right of the Controlling Party to request more frequent Appraisals, the Subordination Agent will obtain updated Appraisals on the date that is 364 days from the date of the most recent Appraisal (or if an American Bankruptcy
Event shall have occurred and is continuing, on the date that is 180 days from the date of the most recent Appraisal) and shall (acting on behalf of each Trustee) post such Appraisals on DTC’s Internet bulletin board or make such other
commercially reasonable efforts as the Subordination Agent may deem appropriate to make such Appraisals available to all Certificateholders. 

(b) Following the occurrence and during the continuance of an Indenture Event of Default under any Indenture, the Controlling Party shall take
such actions as it may reasonably deem most effectual to complete the sale or other disposition of the relevant Aircraft or Equipment Notes. In addition, in lieu of any sale, assignment, contract to sell or other disposition, the Controlling Party
may maintain or cause the Subordination Agent to maintain possession of such Equipment Notes and continue to apply monies received in respect of such Equipment Notes in accordance with Article III hereof. In addition, in lieu of such
sale, assignment, contract to sell or other disposition, or in lieu of such maintenance of possession, the Controlling Party may direct the Subordination Agent to, subject to the terms and conditions of the related Indenture, instruct the Loan
Trustee under such Indenture to foreclose on the Lien on the related Aircraft or to take any other remedial action permitted under such Indenture or under any applicable law. 

(c) If following an American Bankruptcy Event and during the pendency thereof, the Controlling Party receives a proposal from or on behalf of
American to restructure the financing of any one or more of the Aircraft, the Controlling Party shall promptly thereafter give the Subordination Agent, each Trustee and each Liquidity Provider that has not made a Final Drawing notice of the material
economic terms and conditions of such restructuring proposal whereupon the Subordination Agent acting on behalf of each Trustee shall post such terms and conditions of such restructuring proposal on DTC’s Internet bulletin board or make such
other commercially reasonable efforts as the Subordination Agent may deem appropriate to make such terms and conditions available to all Certificateholders. Thereafter, neither the Subordination Agent nor any Trustee, whether acting on instructions
of the Controlling Party or otherwise, may, without the consent of each Trustee and each Liquidity Provider that has not made a Final Drawing, enter into any term sheet, stipulation or other agreement (a “Restructuring Arrangement”)
(whether in the form of an adequate protection stipulation, an extension under Section 1110(b) of the Bankruptcy Code or otherwise) to effect any such restructuring proposal with or on behalf of American unless and until the material economic
terms and conditions of such restructuring proposal shall have been made available to all Certificateholders and each Liquidity Provider that has not made a Final Drawing for a period of not less than fifteen (15) calendar days (except that
such requirement shall not apply to any such term sheet, stipulation or other agreement that is to be effective on or as of any date occurring during the 60-Day Period and that is initially effective for a period not exceeding three months from the
expiry of the 60-Day Period (an “Interim Restructuring Arrangement”)). The foregoing provisions of this Section 4.01(c): 

  

					
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(i) shall not apply to any extension of a Restructuring Arrangement with respect to which such provisions have been complied with in connection with the original entry thereof if the
possibility of such extension has been disclosed in satisfaction of the notification requirements of such provisions and such extension shall not amend or modify any of the other terms and conditions of such Restructuring Arrangement and
(ii) shall apply to the initial extension of an Interim Restructuring Arrangement beyond the three months following the expiry of the 60-Day Period but not to any subsequent extension of such Interim Restructuring Arrangement, if the
possibility of such subsequent extension has been disclosed in satisfaction of the notification requirements of such provisions and such subsequent extension shall not amend or modify any of the other terms and conditions of such Interim
Restructuring Arrangement. In the event that any Certificateholder gives irrevocable notice of the exercise of its right to purchase all (but not less than all) of the Class of Certificates represented by the then Controlling Party pursuant to the
applicable Trust Agreement, prior to the expiry of the 15-day notice period specified above, such Controlling Party may not direct the Subordination Agent or any Trustee to enter into any such restructuring proposal with respect to any of the
Aircraft, unless and until such Certificateholder shall fail to purchase such Class of Certificates on the date that it is required to make such purchase. 

Section 4.02. Remedies Cumulative. To the extent permitted by applicable law, each and every right, power and remedy given to
the Trustees, the Liquidity Providers, the Controlling Party or the Subordination Agent specifically or otherwise in this Agreement shall be cumulative and shall be in addition to every other right, power and remedy herein specifically given or now
or hereafter existing at law, in equity or by statute, and each and every right, power and remedy whether specifically herein given or otherwise existing may, subject always to the terms and conditions hereof, be exercised from time to time and as
often and in such order as may be deemed expedient by any Trustee, any Liquidity Provider, the Controlling Party or the Subordination Agent, as appropriate, and the exercise or the beginning of the exercise of any right, power or remedy shall not be
construed to be a waiver of the right to exercise at the same time or thereafter any other right, power or remedy. No delay or omission by any Trustee, any Liquidity Provider, the Controlling Party or the Subordination Agent in the exercise of any
right, remedy or power or in the pursuit of any remedy shall, to the extent permitted by applicable law, impair any such right, power or remedy or be construed to be a waiver of any default or to be an acquiescence therein. 

Section 4.03. Discontinuance of Proceedings. In case any party to this Agreement (including the Controlling Party in such
capacity) shall have instituted any Proceeding to enforce any right, power or remedy under this Agreement by foreclosure, entry or otherwise, and such Proceeding shall have been discontinued or abandoned for any reason or shall have been determined
adversely to the Person instituting such Proceeding, then and in every such case each such party shall, subject to any determination in such Proceeding, be restored to its former position and rights hereunder, and all rights, remedies and powers of
such party shall continue as if no such Proceeding had been instituted. 
 Section 4.04. Right of Certificateholders and the
Liquidity Providers to Receive Payments Not to Be Impaired. Anything in this Agreement to the contrary notwithstanding but subject to each Trust Agreement, the right of any Certificateholder or any Liquidity Provider, respectively, to
receive payments hereunder (including, without limitation, pursuant to 

  

					
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Section 3.02) when due, or to institute suit for the enforcement of any such payment on or after the applicable Distribution Date, shall not be impaired or affected without the
consent of such Certificateholder or such Liquidity Provider, respectively. 
 ARTICLE V 

DUTIES OF THE SUBORDINATION AGENT; 

AGREEMENTS OF TRUSTEES, ETC. 

Section 5.01. Notice of Indenture Event of Default or Triggering Event. (a) If the Subordination Agent shall have knowledge
of an Indenture Event of Default or a Triggering Event, the Subordination Agent shall promptly give notice thereof to the Rating Agencies, American, the Liquidity Providers and the Trustees by telegram, cable, facsimile or telephone (to be promptly
confirmed in writing), unless such Indenture Event of Default or Triggering Event shall have been cured or waived. For all purposes of this Agreement, in the absence of actual knowledge, the Subordination Agent shall not be deemed to have knowledge
of any Indenture Event of Default or Triggering Event unless notified in writing by American, one or more Trustees, one or more Liquidity Providers or one or more Certificateholders; and “actual knowledge” (as used in the foregoing clause)
of the Subordination Agent shall mean actual knowledge of an officer in the Corporate Trust Office of the Subordination Agent. 
 (b)
Other Notices. The Subordination Agent will furnish to each Liquidity Provider and each Trustee, promptly upon receipt thereof, duplicates or copies of all reports, notices, requests, demands, certificates, financial statements and other
instruments furnished to the Subordination Agent as registered holder of the Equipment Notes or otherwise in its capacity as Subordination Agent to the extent the same shall not have been otherwise directly distributed to such Liquidity Provider or
such Trustee, as applicable, pursuant to any other Operative Agreement. 
 (c) Securities Position. Upon the occurrence of an
Indenture Event of Default, the Subordination Agent shall instruct the Trustees to, and the Trustees shall, request that DTC post on its Internet bulletin board a securities position listing setting forth the names of all the parties reflected on
DTC’s books as holding interests in the Certificates. 
 (d) Reports. Promptly after the occurrence of a Triggering Event or an
Indenture Event of Default resulting from the failure of American to make payments on any Equipment Note and on every Regular Distribution Date while the Triggering Event or such Indenture Event of Default shall be continuing, the Subordination
Agent will provide to the Trustees, the Liquidity Providers, the Rating Agencies and American a statement setting forth the following information: 

(i) after an American Bankruptcy Event, with respect to each Aircraft, whether such Aircraft is (A) subject to the 60-Day Period
(B) subject to an election by American under Section 1110(a) of the Bankruptcy Code, (C) covered by an agreement contemplated by Section 1110(b) of the Bankruptcy Code or (D) not subject to any of (A),
(B) or (C); 

  

					
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 (ii) to the best of the Subordination Agent’s knowledge, after requesting such information
from American, (A) whether the Aircraft are currently in service or parked in storage, (B) the maintenance status of the Aircraft and (C) the location of the Engines (as defined in the Indentures); 

(iii) the current Pool Balance of each Class of Certificates, the Eligible A Pool Balance, the Eligible B Pool Balance and the outstanding
principal amount of all Equipment Notes; 
 (iv) the expected amount of interest which will have accrued on the Equipment Notes and on the
Certificates as of the next Regular Distribution Date; 
 (v) the amounts paid to each Person on such Distribution Date pursuant to this
Agreement; 
 (vi) details of the amounts paid on such Distribution Date identified by reference to the relevant provision of this
Agreement and the source of payment (by Aircraft and party); 
 (vii) if the Subordination Agent has made a Final Drawing or a Special
Termination Drawing under any Liquidity Facility; 
 (viii) the amounts currently owed to each Liquidity Provider; 

(ix) the amounts drawn under each Liquidity Facility; and 

(x) after an American Bankruptcy Event, any operational reports filed by American with the bankruptcy court which are available to the
Subordination Agent on a non-confidential basis. 
 Section 5.02. Indemnification. The Subordination Agent shall not be
required to take any action or refrain from taking any action under Article IV unless the Subordination Agent shall have received indemnification against any risks that may be incurred in connection therewith in form and substance
reasonably satisfactory to it, including, without limitation, adequate advances against costs (including fees and expenses) that may be incurred by it in connection therewith. The Subordination Agent shall not be required to take any action under
Article IV, nor shall any other provision of this Agreement or any other Operative Agreement be deemed to impose a duty on the Subordination Agent to take any action, if the Subordination Agent shall have been advised by outside counsel
that such action is contrary to the terms hereof or is otherwise contrary to law. Under no circumstances shall the Subordination Agent be required to expend or risk its own funds or otherwise incur any financial liability in performing its duties or
exercising its rights or powers hereunder if it shall have reasonable grounds for believing that repayment of such funds is not assured to it. 

Section 5.03. No Duties Except as Specified in Intercreditor Agreement. The Subordination Agent shall not have any duty or
obligation to take or refrain from taking any action under, or in connection with, this Agreement, except as expressly provided by the terms of this Agreement; and no implied duties or obligations shall be read into this Agreement against

  

					
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the Subordination Agent. The Subordination Agent agrees that it will, in its individual capacity and at its own cost and expense (but without any right of indemnity in respect of any such cost or
expense) promptly take such action as may be necessary to duly discharge all Liens on any of the Trust Accounts or any monies deposited therein that are attributable to the Subordination Agent in its individual capacity and that are unrelated to the
transaction contemplated hereby and by the other Operative Agreements. 
 Section 5.04. Notice from the Liquidity Providers and
Trustees. If any Liquidity Provider or Trustee has notice of an Indenture Event of Default or a Triggering Event, such Person shall promptly give notice thereof to all other Liquidity Providers and Trustees and to the Subordination Agent;
provided, however, that no such Person shall have any liability hereunder as a result of its failure to deliver any such notice. 

ARTICLE VI 
 THE
SUBORDINATION AGENT 
 Section 6.01. Authorization; Acceptance of Trusts and Duties. Each of the Class AA Trustee,
Class A Trustee and the Class B Trustee hereby designates and appoints the Subordination Agent as the agent and trustee of such Trustee under the applicable Liquidity Facility (if any) and authorizes the Subordination Agent to enter into
the applicable Liquidity Facility, as agent and trustee for such Trustee. Each of the Liquidity Providers and the Trustees hereby designates and appoints the Subordination Agent as the Subordination Agent under this Agreement. WTC accepts the trusts
and duties hereby created and applicable to it and agrees to perform such duties, but only upon the terms of this Agreement and agrees to receive, handle and disburse all monies received by it in accordance with the terms hereof. The Subordination
Agent shall have no liability hereunder except (a) for its own willful misconduct or negligence, (b) as provided in Section 2.02 and the last sentence of Section 5.03, (c) for liabilities that may result from
the inaccuracy of any representation or warranty of the Subordination Agent made in its individual capacity in any Operative Agreement and (d) as otherwise expressly provided herein or in the other Operative Agreements. 

Section 6.02. Absence of Duties. The Subordination Agent shall have no duty to see to any recording or filing of this
Agreement or any other document, or to see to the maintenance of any such recording or filing. 
 Section 6.03. No Representations
or Warranties as to Documents. The Subordination Agent shall not be deemed to have made any representation or warranty as to the validity, legality or enforceability of this Agreement or any other Operative Agreement or as to the
correctness of any statement contained herein or therein (other than the representations and warranties of the Subordination Agent made in its individual capacity under any Operative Agreement), except that the Subordination Agent hereby represents
and warrants that each of said specified documents to which it is a party has been or will be duly executed and delivered by one of its officers who is and will be duly authorized to execute and deliver such document on its behalf. The
Certificateholders, the Trustees and the Liquidity Providers make no representation or warranty hereunder whatsoever. 

  

					
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 Section 6.04. No Segregation of Monies; No Interest. Any monies paid to or
retained by the Subordination Agent pursuant to any provision hereof and not then required to be distributed to any Trustee or any Liquidity Provider as provided in Articles II and III or deposited into one or more Trust Accounts
need not be segregated in any manner except to the extent required by such Articles II and III and by law, and the Subordination Agent shall not (except as otherwise provided in Section 2.02) be liable for any interest
thereon; provided, however, that any payments received or applied hereunder by the Subordination Agent shall be accounted for by the Subordination Agent so that any portion thereof paid or applied pursuant hereto shall be identifiable
as to the source thereof. 
 Section 6.05. Reliance; Agents; Advice of Counsel. The Subordination Agent shall not incur any
liability to anyone in acting upon any signature, instrument, notice, resolution, request, consent, order, certificate, report, opinion, bond or other document or paper believed by it to be genuine and believed by it to be signed by the proper party
or parties. As to the Pool Balance of any Trust as of any date, the Subordination Agent may for all purposes hereof rely on a certificate signed by any Responsible Officer of the applicable Trustee, and such certificate shall constitute full
protection to the Subordination Agent for any action taken or omitted to be taken by it in good faith in reliance thereon. As to any fact or matter relating to the Liquidity Providers or the Trustees the manner of ascertainment of which is not
specifically described herein, the Subordination Agent may for all purposes hereof rely on a certificate, signed by any Responsible Officer of the applicable Liquidity Provider or Trustee, as the case may be, as to such fact or matter, and such
certificate shall constitute full protection to the Subordination Agent for any action taken or omitted to be taken by it in good faith in reliance thereon. In the administration of the trusts hereunder, the Subordination Agent may (a) execute
any of the trusts or powers hereof and perform its powers and duties hereunder directly or through agents or attorneys and (b) consult with counsel, accountants and other skilled Persons to be selected and retained by it. The Subordination
Agent shall not be liable for anything done, suffered or omitted in good faith by it in accordance with the advice or opinion of any such counsel, accountants or other skilled Persons acting within such counsel’s, accountants’ or
Person’s area of competence (so long as the Subordination Agent shall have exercised reasonable care and judgment in selecting such Persons). 

Section 6.06. Capacity in Which Acting. The Subordination Agent acts hereunder solely as agent or trustee herein and not in
its individual capacity, except as otherwise expressly provided herein and in the Operative Agreements. 
 Section 6.07.
Compensation. The Subordination Agent shall be entitled to such compensation, including reasonable expenses and disbursements, for all services rendered hereunder as American and the Subordination Agent may agree from time to time in
writing and shall have a priority claim to the extent set forth in Article III on all monies collected hereunder for the payment of such compensation, to the extent that such compensation shall not be paid by others. The Subordination
Agent agrees that it shall have no right against any Trustee or any Liquidity Provider for any fee as compensation for its services as agent under this Agreement. The provisions of this Section 6.07 shall survive the termination of this
Agreement. 
 Section 6.08. May Become Certificateholder. The institution acting as Subordination Agent hereunder may
become a Certificateholder and have all rights and benefits of a Certificateholder to the same extent as if it were not the institution acting as the Subordination Agent. 

  

					
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 Section 6.09. Subordination Agent Required; Eligibility. There shall at all
times be a Subordination Agent hereunder that is a Citizen of the United States, a bank, trust company or other financial institution organized and doing business under the laws of the United States or any state thereof and eligible to act as a
trustee under Section 310(a) of the Trust Indenture Act of 1939, as amended, and that has a combined capital and surplus of at least $75,000,000 (or a combined capital and surplus in excess of $5,000,000 and the obligations of which, whether
now in existence or hereafter incurred, are fully and unconditionally guaranteed by a corporation organized under the laws of the United States or any State or territory thereof or the District of Columbia and having a combined capital and surplus
of at least $75,000,000). If such bank, trust company or other financial institution or such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, state, territorial or District of Columbia
supervising or examining authority, then for the purposes of this Section 6.09 the combined capital and surplus of such bank, trust company or other financial institution or such corporation shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published. 
 In case at any time the Subordination Agent shall cease to be
eligible in accordance with the provisions of this Section 6.09, the Subordination Agent shall resign immediately in the manner and with the effect specified in Section 7.01. 

Section 6.10. Money to Be Held in Trust. All Equipment Notes, monies and other property deposited with or held by the
Subordination Agent pursuant to this Agreement shall be held in trust for the benefit of the parties entitled to such Equipment Notes, monies and other property and the Subordination Agent, in its individual capacity, hereby waives all rights of
set-off and counterclaim with respect to all such property. 
 Section 6.11. Notice of Substitution or Replacement of Airframe.
If the Subordination Agent, in its capacity as a holder of Equipment Notes issued under an Indenture, receives a notice of substitution of a Substitute Airframe (as defined in such Indenture) pursuant to Section 7.04(e) of such Indenture or a
notice of delivery of a Replacement Airframe (as defined in such Indenture) pursuant to Section 7.05(a) of such Indenture, the Subordination Agent shall promptly (i) provide a copy of such notice to each Trustee, each Liquidity Provider
and each Rating Agency and (ii) on behalf of each Trustee post such notice on DTC’s Internet bulletin board or make such other commercially reasonable efforts as the Subordination Agent may deem appropriate to make the contents of such
notice available to all Certificateholders. 
 ARTICLE VII 

SUCCESSOR SUBORDINATION AGENT 

Section 7.01. Replacement of Subordination Agent; Appointment of Successor. (A) The Subordination Agent or any successor
thereto must resign if at any time it fails to comply with Section 6.09 and may resign at any time without cause by giving 60 days’ prior written notice to American, the Trustees and the Liquidity Providers. The Controlling

  

					
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Party or American (only so long as no Indenture Event of Default has occurred or is continuing) may remove the Subordination Agent for cause by so notifying the Subordination Agent and may
appoint a successor Subordination Agent. The Controlling Party (or the party that would be the Controlling Party if an Indenture Event of Default had occurred) shall remove the Subordination Agent if: 

(1) the Subordination Agent fails to comply with Section 6.09; 

(2) the Subordination Agent is adjudged bankrupt or insolvent or files a bankruptcy petition; 

(3) a receiver of the Subordination Agent shall be appointed or any public officer shall take charge or control of the
Subordination Agent or its property or affairs for the purpose of rehabilitation, conservation or liquidation; or 
 (4) the
Subordination Agent otherwise becomes incapable of acting. 
 If the Subordination Agent resigns or is removed or if a vacancy exists in the
office of Subordination Agent for any reason (the Subordination Agent in such event being referred to herein as the retiring Subordination Agent), the Controlling Party (or the party that would be the Controlling Party if an Indenture Event of
Default had occurred) shall promptly appoint a successor Subordination Agent. If a successor Subordination Agent shall not have been appointed within sixty (60) days after such notice of resignation or removal, the retiring Subordination Agent,
one or more of the Trustees or one or more of the Liquidity Providers may petition any court of competent jurisdiction for the appointment of a successor Subordination Agent to act until such time, if any, as a successor shall have been appointed as
provided above. 
 A successor Subordination Agent shall deliver (x) a written acceptance of its appointment as Subordination Agent
hereunder to the retiring Subordination Agent and (y) a written assumption of its obligations hereunder and under each Liquidity Facility to each party hereto, upon which the resignation or removal of the retiring Subordination Agent shall
become effective, and the successor Subordination Agent shall have all the rights, powers and duties of the Subordination Agent under this Agreement. The successor Subordination Agent shall mail a notice of its succession to American, the Liquidity
Providers and the Trustees. The retiring Subordination Agent shall promptly transfer its rights under each of the Liquidity Facilities and all of the property and all books and records, or true, complete and correct copies thereof, held by it as
Subordination Agent to the successor Subordination Agent. 
 If the Subordination Agent fails to comply with Section 6.09 (to
the extent applicable), one or more of the Trustees or one or more of the Liquidity Providers may petition a court of competent jurisdiction for the removal of the Subordination Agent and the appointment of a successor Subordination Agent. 

Notwithstanding the foregoing, no resignation or removal of the Subordination Agent shall be effective unless and until a successor has been
appointed. No appointment of a successor Subordination Agent shall be effective unless and until the Rating Agencies shall have delivered a Ratings Confirmation with respect to each Class of Certificates then rated by the Rating Agencies. 

(b) Any corporation, bank, trust company or other financial institution into which the Subordination Agent may be merged or converted or with
which it may be consolidated, or any corporation, bank, trust company or other financial institution resulting from any merger, conversion or consolidation to which the Subordination Agent shall be a party, or any corporation, bank, trust company or
other financial institution succeeding to all or substantially all of the corporate trust business of the Subordination Agent, shall be the successor of the Subordination Agent hereunder, provided that such corporation, bank, trust company or
other financial institution shall be otherwise qualified and eligible under Section 6.09, without the execution or filing of any paper or any further act on the part of any of the parties hereto, except that such corporation, bank, trust
company or other financial institution shall give prompt notice of such transaction to the Liquidity Providers and American. 

  

					
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 ARTICLE VIII 

SUPPLEMENTS AND AMENDMENTS 

Section 8.01. Amendments, Waivers, Etc. (a) This Agreement may not be supplemented, amended or modified without the consent
of each Trustee (acting, except in the case of any amendment pursuant to Section 3.05(e)(v) or any amendment contemplated by the last sentence of this Section 8.01(a), with the consent of holders of Outstanding Certificates
of the related Class evidencing Fractional Undivided Interests in the related Trust aggregating not less than a majority in interest in such Trust or as otherwise authorized pursuant to the relevant Trust Agreement (including, without limitation,
without the consent of the Certificateholders to the extent permitted thereby, Section 9.01 thereof)), the Subordination Agent and each Liquidity Provider; provided, however, that this Agreement may be supplemented, amended
or modified without the consent of any Trustee or the Subordination Agent in order (i) to cure any ambiguity or omission or to correct any mistake, (ii) to correct or supplement any provision, or (iii) to make any other provision in
regard to matters or questions arising hereunder that will not materially adversely affect the interests of any Trustee or the holders of the related Class of Certificates, and without the consent of any Trustee or any Liquidity Provider if such
supplement, amendment or modification is in accordance with Section 8.01(c) or 8.01(d); provided, further, however, that, if such supplement, amendment or modification (x) would directly or indirectly
amend, modify or supersede, or otherwise conflict with, Section 2.02(b), 3.05(c), 3.05(e), 3.05(f), 3.05(m), 4.01(a)(ii) or 4.01(c), this proviso of Section 8.01(a), the last sentence
of Section 8.01(a), Section 8.01(c), 8.01(d) or 9.06 (collectively, the “American Provisions”), (y) would otherwise adversely affect the interests of any potential Replacement Liquidity
Provider or of American with respect to American’s ability to replace any Liquidity Facility or with respect to American’s payment obligations under any Operative Agreement or (z) is made pursuant to the last sentence of this
Section 8.01(a) or pursuant to Section 8.01(c) or pursuant to Section 8.01(d), then such supplement, amendment or modification shall not be effective without the additional written consent of American.
Notwithstanding the foregoing, without the consent of each Certificateholder affected thereby and each Liquidity Provider, no supplement, amendment or modification of this Agreement may (i) reduce the percentage of the interest in any Trust
evidenced by the Certificates issued by such Trust necessary to consent to modify or 

  

					
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amend any provision of this Agreement or to waive compliance therewith or (ii), except as provided in the last sentence of this Section 8.01(a), Section 8.01(c) or
Section 8.01(d), modify Section 2.04, 3.02 or 3.03 hereof relating to the distribution of monies received by the Subordination Agent hereunder from the Equipment Notes or pursuant to the Liquidity Facilities.
Nothing contained in this Section 8.01(a) shall require the consent of a Trustee at any time following the payment of Final Distributions with respect to the related Class of Certificates. If the Replacement Liquidity Facility for any
Liquidity Facility is to be comprised of more than one instrument as contemplated by the definition of the term “Replacement Liquidity Facility”, then each party hereto agrees to amend this Agreement and the other Operative Agreements to
incorporate appropriate provisions for multiple Liquidity Facilities for a single Trust. 
 (b) In the event that the Subordination Agent,
as the registered holder of any Equipment Notes, receives a request for the giving of notice or its consent to any amendment, supplement, modification, approval, consent or waiver under such Equipment Notes, the Indenture pursuant to which such
Equipment Notes were issued, the related Participation Agreement, or other related document, (i) if no Indenture Event of Default shall have occurred and be continuing with respect to such Indenture, the Subordination Agent shall request
directions with respect to each series of such Equipment Notes from the Trustee of the Trust which holds such Equipment Notes and shall vote or consent in accordance with the directions of such Trustee and (ii) if any Indenture Event of Default
shall have occurred and be continuing with respect to such Indenture, the Subordination Agent will exercise its voting rights as directed by the Controlling Party, subject to Sections 4.01 and 4.04. Notwithstanding the foregoing,
without the consent of each Liquidity Provider and each affected Certificateholder holding Certificates representing a Fractional Undivided Interest in the Equipment Notes under the applicable Indenture held by the Subordination Agent, no such
amendment, supplement, modification, approval, consent or waiver shall (i) reduce the principal amount of, Premium, if any, or interest on, any Equipment Note under such Indenture; (ii) change the date on which any principal amount of,
Premium, if any, or interest on any Equipment Note under such Indenture, is due or payable; (iii) create any Lien with respect to the Collateral subject to such Indenture prior to or pari passu with the Lien thereon under such Indenture
except such as are permitted by such Indenture; provided that without the consent of each Certificateholder, no such amendment, supplement, modification, approval, consent or waiver shall modify Section 3.03 or
Section 9.02(a)(3) of such Indenture or deprive any Certificateholder of the benefit of the Lien of such Indenture on such Collateral, except as provided in connection with the exercise of remedies under Article IV of such Indenture
or as otherwise permitted by such Indenture; (iv) reduce the percentage of the outstanding principal amount of the Equipment Notes under such Indenture the consent of whose holders is required for any supplemental agreement, or the consent of
whose holders is required for any waiver of compliance with certain provisions of such Indenture or of certain defaults thereunder or their consequences provided for in such Indenture; or (v) make any change in Section 4.05 or
Section 9.02 of such Indenture, except to provide that certain other provisions of such Indenture cannot be modified or waived without the consent of each holder of an Equipment Note under such Indenture affected thereby. 

(c) If (x) Series A Equipment Notes or Series B Equipment Notes (or Additional Equipment Notes), with respect to all of the Aircraft for
which Series A Equipment Notes or Series B Equipment Notes (or, as the case may be, Additional Equipment Notes) are at the time outstanding, are redeemed and new Equipment Notes of corresponding series are to be

  

					
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issued with respect to all (but not less than all) of the Aircraft under the applicable Indentures or (y) at any time following the payment in full of the Series A Equipment Notes or Series
B Equipment Notes (or any series of Additional Equipment Notes) with respect to all of the Aircraft for which Series A Equipment Notes or Series B Equipment Notes (or such series of Additional Equipment Notes) are at the time outstanding and new
Equipment Notes of corresponding series are to be issued with respect to all (but not less than all) of the Aircraft under the applicable Indentures, in each case, in accordance with the terms of Section 2.02 of each such Indenture and
Section 4(a)(v) of the Note Purchase Agreement, such series of new Equipment Notes (the “Refinancing Equipment Notes”) shall be issued to a new pass through trust (a “Refinancing Trust”) that issues a class of
pass through certificates (the “Refinancing Certificates”) to certificateholders (the “Refinancing Certificateholders”) pursuant to a pass through trust agreement (a “Refinancing Trust Agreement”)
with a trustee (a “Refinancing Trustee”). A Refinancing Trust, a Refinancing Trustee and the Refinancing Certificates shall be subject to all of the provisions of this Agreement in the same manner as the Trust, the Trustee and the
Certificates of the Class corresponding to the series of the refinanced Equipment Notes, including, the subordination of the Refinancing Certificates to the extent provided herein to the Administration Expenses, the Liquidity Obligations, the Class
AA Certificates, and, if applicable, the Class A Certificates and the Class B Certificates and, if applicable, any previously issued class of Additional Certificates. Such issuance of Refinancing Equipment Notes and Refinancing Certificates and
the amendment of this Agreement as provided below shall require Ratings Confirmation with respect to each Class of Certificates then rated by the Rating Agencies and shall not materially adversely affect any of the Trustees in their individual
capacities or any of the Liquidity Providers. This Agreement shall be amended by written agreement of American and the Subordination Agent to give effect to the issuance of any Refinancing Certificates subject to the following terms and conditions:

 (i) the Refinancing Trustee shall be added as a party to this Agreement; 

(ii) the definitions of “Certificate”, “Class”, “Class A Certificates”, “Class B
Certificates”, “Final Legal Distribution Date”, “Trust”, “Trust Agreement” and “Controlling Party” (and such other applicable definitions) shall be revised, as appropriate, to reflect such issuance (and
the subordination of the Refinancing Certificates and the Refinancing Equipment Notes); 
 (iii) the Refinancing Certificates
may have the benefit of credit support similar to the Liquidity Facilities or different therefrom and claims for fees, interest, expenses, reimbursement of advances and other obligations arising from such credit support (A) in the case of any
Refinancing Certificates issued in respect of the Class A Certificates, may rank pari passu with similar claims in respect of the Class A Liquidity Facility, (B) in the case of any Refinancing Certificates issued in respect of
the Class B Certificates, may rank pari passu with similar claims in respect of the Class B Liquidity Facility and (C) in the case of any Refinancing Certificates issued in respect of any Additional Certificates, shall be subordinated to
the Administration Expenses, the Liquidity Obligations, the Class AA Certificates, the Class A Certificates and the Class B Certificates; provided that, in each case, Ratings Confirmation with respect to each Class of Certificates then
rated by the Rating Agencies and the prior written consent of the Liquidity Providers shall have been obtained; 

  

					
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 (iv) the Refinancing Certificates cannot be issued to American but may be issued
to any of American’s Affiliates so long as such Affiliate shall have bankruptcy remote and special purpose provisions in its certificate of incorporation or other organizational documents and any subsequent transfer of the Refinancing
Certificates to any Affiliate of American shall be similarly restricted; and 
 (v) the scheduled payment dates on the
Refinancing Equipment Notes shall be the Regular Distribution Dates. 
 The issuance of the Refinancing Certificates in compliance with all
of the foregoing terms of this Section 8.01(c), shall not require the consent of any of the Trustees or the holders of any Class of Certificates. Each of the Liquidity Providers hereby agrees and confirms that it shall be deemed to
consent to any issuance and amendment in accordance with this Section 8.01(c) (subject to the Liquidity Providers’ consent right in Section 8.01(c)(iii)) and that any such issuance and amendment shall not affect any of
its respective obligations under the applicable Liquidity Facility. 
 (d) Pursuant to the terms of Section 2.02 of each Indenture and
Section 4(a)(v) of the Note Purchase Agreement, one or more additional series of Equipment Notes (the “Additional Equipment Notes”), which shall be subordinated in right of payment to the Series AA Equipment Notes, the Series A
Equipment Notes and the Series B Equipment Notes under such Indenture, may be issued at any time and from time to time. If any series of Additional Equipment Notes are issued under any Indenture, each such series of Additional Equipment Notes shall
be issued to a new pass through trust (an “Additional Trust”) that issues a class of pass through certificates (the “Additional Certificates”) to certificateholders (the “Additional
Certificateholders”) pursuant to a pass through trust agreement (an “Additional Trust Agreement”) with a trustee (an “Additional Trustee”). In such case, this Agreement, including without limitation
Sections 2.04, 3.01 and 3.02 hereof, shall be amended by written agreement of American and the Subordination Agent to provide for the subordination of such series of Additional Certificates to, and to provide for distributions
on the Additional Certificates after payment of, the Administration Expenses, the Liquidity Obligations, the Class AA Certificates, the Class A Certificates, the Class B Certificates and, if applicable, any other Additional Certificates that
rank senior in right of payment to such Additional Certificates (subject to clause (iii) below). Such issuance, and the amendment of this Agreement as provided below shall require Ratings Confirmation with respect to each Class of
Certificates then rated by the Rating Agencies and shall not materially adversely affect any of the Trustees in their individual capacities or any of the Liquidity Providers. This Agreement shall be amended by written agreement of American and the
Subordination Agent to give effect to the issuance of any Additional Certificates subject to the following terms and conditions: 

(i) the Additional Trustee shall be added as a party to this Agreement; 

(ii) the definitions of “Certificate”, “Class”, “Equipment Notes”, “Final Legal Distribution
Date”, “Trust”, “Trust Agreement”, and “Controlling Party” (and such other applicable definitions) shall be revised, as appropriate, to reflect the issuance of the Additional Certificates (and the subordination
thereof); 

  

					
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 (iii) Section 3.02 may be revised, with respect to any class of
Additional Certificates, to provide for the distribution of “Adjusted Interest” for such class of Additional Certificates (calculated in a manner substantially similar to the calculation of Class B Adjusted Interest) after the Class B
Adjusted Interest (and, if applicable, after any “Adjusted Interest” for any Additional Certificates that rank senior in right of payment to such Additional Certificates) but before Expected Distributions on the Class AA Certificates and
the Class A Certificates, provided that such revision shall not adversely affect any Liquidity Provider (as determined by such Liquidity Provider in its reasonable discretion); 

(iv) the Additional Certificates may have the benefit of credit support similar to the Liquidity Facilities, provided
that (A) claims for fees, interest, expenses, reimbursement of advances and other obligations arising from such credit support shall be subordinated to the Administration Expenses, the Liquidity Obligations, the Class AA Certificates, the
Class A Certificates and the Class B Certificates and (B) Ratings Confirmation with respect to each Class of Certificates then rated by the Rating Agencies and the prior written consent of the Liquidity Providers shall have been obtained;

 (v) the Additional Certificates may be rated by the Rating Agencies; 

(vi) Additional Certificates cannot be issued to American but may be issued to any of American’s Affiliates so long as
such Affiliate shall have bankruptcy remote and special purpose provisions in its certificate of incorporation or other organizational documents and any subsequent transfer of the Additional Certificates to any Affiliate of American shall be
similarly restricted; and 
 (vii) the scheduled payment dates on such series of Additional Equipment Notes shall be the
Regular Distribution Dates. 
 The issuance of the Additional Certificates in compliance with all of the foregoing terms of this
Section 8.01(d), shall not require the consent of any of the Trustees or the holders of any Class of Certificates. Each of the Liquidity Providers hereby agrees and confirms that it shall be deemed to consent to any issuance and
amendment in accordance with this Section 8.01(d) (subject to the Liquidity Providers’ consent right in Section 8.01(d)(iv)) and that any such issuance and amendment shall not affect any of its obligations under the
applicable Liquidity Facility. The Subordination Agent shall deliver to each Trustee and each Liquidity Provider a copy of the amendments made to this Agreement and all opinions, certificates and other documents delivered in connection with the
issuance of any Additional Certificates. 
 Section 8.02. Subordination Agent Protected. If, in the reasonable opinion of
the institution acting as the Subordination Agent hereunder, any document required to be executed by it pursuant to the terms of Section 8.01 adversely affects any right, duty, immunity or indemnity with respect to such institution under
this Agreement or any Liquidity Facility, the Subordination Agent may in its discretion decline to execute such document. 

Section 8.03. Effect of Supplemental Agreements. Upon the execution of any amendment, consent or supplement hereto pursuant
to the provisions hereof, this Agreement shall be and shall be deemed to be modified and amended in accordance therewith and the 

  

					
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respective rights, limitations of rights, obligations, duties and immunities under this Agreement of the parties hereto and beneficiaries hereof shall thereafter be determined, exercised and
enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such supplemental agreement shall be and be deemed to be part of the terms and conditions of this Agreement for any and all
purposes. In executing or accepting any supplemental agreement permitted by this Article VIII, the Subordination Agent shall be entitled to receive, and shall be fully protected in relying upon, an opinion of counsel stating that the
execution of such supplemental agreement is authorized or permitted by this Agreement. 
 Section 8.04. Notice to Rating
Agencies. Promptly following its receipt of each amendment, consent, modification, supplement or waiver contemplated by this Article VIII, the Subordination Agent shall send a copy thereof to each Rating Agency. 

ARTICLE IX 

MISCELLANEOUS 

Section 9.01. Termination of Intercreditor Agreement. Following payment of Final Distributions with respect to each Class of
Certificates and the payment in full of all Liquidity Obligations to the Liquidity Providers and provided, that there shall then be no other amounts due to the Certificateholders, the Trustees, the Liquidity Providers and the Subordination
Agent hereunder or under the Trust Agreements, and that the commitment of the Liquidity Providers under the Liquidity Facilities shall have expired or been terminated, this Agreement shall terminate and shall be of no further force or effect. Except
as aforesaid or otherwise provided, this Agreement and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof. 

Section 9.02. Intercreditor Agreement for Benefit of Trustees, Liquidity Providers and Subordination Agent. Subject to the
second sentence of Section 9.06 and the provisions of Section 4.04 and 8.01, nothing in this Agreement, whether express or implied, shall be construed to give to any Person other than the Trustees, the Liquidity
Providers and the Subordination Agent any legal or equitable right, remedy or claim under or in respect of this Agreement. 

Section 9.03. Notices. Unless otherwise expressly specified or permitted by the terms hereof, all notices required or
permitted under the terms and provisions of this Agreement shall be in English and in writing, and any such notice may be given by United States mail, courier service or facsimile or any other customary means of communication, and any such notice
shall be effective when delivered (or, if mailed, three Business Days after deposit, postage prepaid, in the first class United States mail and, if delivered by facsimile, upon completion of transmission and confirmation by the sender (by a
telephone call to a representative of the recipient or by machine confirmation) that such transmission was received), 

  

					
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	if to the Subordination Agent, to:
	
	 Wilmington Trust Company

	 Rodney Square North

	 1100 North Market Street

	 Wilmington, Delaware 19890

	 Attention:
	  	Adam Vogelsong
	 Reference:

Facsimile:
	  	 American 2016-1 EETC

(817) 967-4318

	 Email: avogelsong@wilmingtontrust.com

	
	if to any Trustee, to:
	
	 Wilmington Trust Company

	 Rodney Square North

	 1100 North Market Street

	 Wilmington, Delaware 19890

	 Attention:
	  	Adam Vogelsong
	 Reference:

Facsimile:
	  	 American 2016-1 EETC

(817) 967-4318

	 Email: avogelsong@wilmingtontrust.com

	
	if to the Liquidity Provider, to:
	
	 KfW IPEX-Bank GmbH

	 Aviation, X2b, KV 27681

	 Palmengartenstraße 5-9

	 60325 Frankfurt am Main

	 Germany

	 Fax: +49-69-7431-2944, +49-69-7431-3767

	 Email: EETC_notices@kfw.de

 Any party, by notice to the other parties hereto, may designate additional or different addresses for
subsequent notices or communications. Whenever the words “notice” or “notify” or similar words are used herein, they mean the provision of formal notice as set forth in this Section 9.03. 

Section 9.04. Severability. To the extent permitted by applicable law, any provision of this Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 Section 9.05. No Oral
Modifications or Continuing Waivers. No terms or provisions of this Agreement may be changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the party or other Person against whom enforcement of the
change, waiver, discharge or termination is sought and any other party or other Person whose consent is required pursuant to this Agreement and any waiver of the terms hereof shall be effective only in the specific instance and for the specific
purpose given. 

  

					
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 Section 9.06. Successors and Assigns. All covenants and agreements contained
herein shall bind and inure to the benefit of, and be enforceable by, each of the parties hereto and the successors and permitted assigns of each, all as herein provided. In addition, the American Provisions shall inure to the benefit of American
and its successors and permitted assigns, and (without limitation of the foregoing) American is hereby constituted, and agreed to be, an express third party beneficiary of the American Provisions. 

Section 9.07. Headings. The headings of the various Articles and Sections herein and in the Table of Contents hereto are for
convenience of reference only and shall not define or limit any of the terms or provisions hereof. 
 Section 9.08.
Counterparts. This Agreement may be executed in any number of counterparts (and each party shall not be required to execute the same counterpart). Each counterpart of this Agreement including a signature page or pages executed by
each of the parties hereto shall be an original counterpart of this Agreement, but all of such counterparts together constitute one instrument. The parties intend that faxed signatures and electronically imaged signatures such as .pdf files shall
constitute original signatures and are binding on all parties. The original documents shall be promptly delivered, if requested. 

Section 9.09. Subordination. (a) As between the Liquidity Providers (and any additional liquidity providers in respect of any
class of Refinancing Certificates or any Additional Certificates), on the one hand, and the Trustees (and any Refinancing Trustees or an Additional Trustee) and the Certificateholders (and any Refinancing Certificateholders or Additional
Certificateholders), on the other hand, and as among the Trustees (and any Refinancing Trustees or an Additional Trustee) and the related Certificateholders (and any Refinancing Certificateholders or Additional Certificateholders) this Agreement
shall be a subordination agreement for purposes of Section 510 of the Bankruptcy Code. 
 (b) Notwithstanding the provisions of this
Agreement, if prior to the payment in full to the Liquidity Providers of all Liquidity Obligations then due and payable any party hereto shall have received any payment or distribution in respect of Equipment Notes or any other amount under the
Indentures or other Operative Agreements which, had the subordination provisions of this Agreement been properly applied to such payment, distribution or other amount, would not have been distributed to such Person, then such payment, distribution
or other amount shall be received and held in trust by such Person and paid over or delivered to the Subordination Agent for application as provided herein. 

(c) If any Trustee, any Liquidity Provider or the Subordination Agent receives any payment in respect of any obligations owing or amounts
distributable hereunder (or, in the case of the Liquidity Providers, in respect of the Liquidity Obligations), which is subsequently invalidated, declared preferential, set aside and/or required to be repaid to a trustee, receiver or other party,
then, to the extent of such payment, such obligations or amounts (or, in the case of the Liquidity Providers, such Liquidity Obligations) intended to be satisfied shall be revived and continue in full force and effect as if such payment had not been
received. 
 (d) The Trustees (on behalf of themselves and the holders of Certificates), the Liquidity Providers and the Subordination Agent
expressly confirm and agree that the payment 

  

					
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priorities and subordination specified in Articles II and III shall apply in all circumstances, notwithstanding (x) the fact that the obligations owed to the Trustees are
secured by certain assets and the Liquidity Obligations may not be so secured or (y) the occurrence of an American Bankruptcy Event or any similar event or occurrence relating to any other Person (it being expressly agreed that the payment
priorities and subordination specified in Articles II and III shall apply whether or not a claim for post-petition or post-filing interest is allowed in the proceedings resulting from such American Bankruptcy Event or other event
or occurrence). The Trustees expressly agree (on behalf of themselves and the holders of Certificates) not to assert priority over the holders of Liquidity Obligations (except as specifically set forth in Section 3.02) due to their
status as secured creditors in any bankruptcy, insolvency or other legal proceeding. 
 (e) Each of the Trustees (on behalf of themselves
and the holders of Certificates), the Liquidity Providers and the Subordination Agent may take any of the following actions without impairing its rights under this Agreement: 

(i) obtain a Lien on any property to secure any amounts owing to it hereunder, including, in the case of the Liquidity
Providers, the Liquidity Obligations; 
 (ii) obtain the primary or secondary obligation of any other obligor with respect to
any amounts owing to it hereunder, including, in the case of the Liquidity Providers, any of the Liquidity Obligations; 

(iii) renew, extend, increase, alter or exchange any amounts owing to it hereunder, including, in the case of the Liquidity
Providers, any of the Liquidity Obligations, or release or compromise any obligation of any obligor with respect thereto; 

(iv) refrain from exercising any right or remedy, or delay in exercising any right or remedy, which it may have; or 

(v) take any other action which might discharge a subordinated party or a surety under applicable law; 

provided, however, that the taking of any such actions by any of the Trustees, the Liquidity Providers or the Subordination Agent shall not prejudice
the rights or adversely affect the obligations of any other party under this Agreement. 
 Section 9.10. Governing Law.
THIS AGREEMENT HAS BEEN DELIVERED IN THE STATE OF NEW YORK AND SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE. 

Section 9.11. Submission to Jurisdiction; Waiver of Jury Trial; Waiver of Immunity. (a) Each of the parties hereto, to the extent
it may do so under applicable law, for purposes hereof and of all other Operative Agreements hereby (i) irrevocably submits itself to the non-exclusive jurisdiction of the courts of the State of New York sitting in the City of New York and to
the non-exclusive jurisdiction of the United States District Court for the Southern District of New York, for the purposes of any suit, action or other proceeding arising out of this 

  

					
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Agreement, the subject matter hereof or any of the transactions contemplated hereby brought by any party or parties hereto or thereto, or their successors or permitted assigns, (ii) waives,
and agrees not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or
that this Agreement or the subject matter hereof or any of the transactions contemplated hereby may not be enforced in or by such courts, (iii) agrees that service of process in any such action or proceeding may be effected by mailing a copy
thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to each party hereto at its address set forth in Section 9.03 hereof, or at such other address of which the other parties shall have
been notified pursuant thereto; and (iv) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction. 

(b) EACH OF THE PARTIES HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR
ARISING OUT OF THIS AGREEMENT OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT AND THE RELATIONSHIP THAT IS BEING ESTABLISHED, including, without limitation, contract claims, tort claims, breach of duty claims and all
other common law and statutory claims. Each of the parties warrants and represents that it has reviewed this waiver with its legal counsel, and that it knowingly and voluntarily waives its jury trial rights following consultation with such legal
counsel. TO THE EXTENT PERMITTED BY APPLICABLE LAW, THIS WAIVER IS IRREVOCABLE AND CANNOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS
AGREEMENT. 
 (c) To the extent that any Liquidity Provider or any of its properties has or may hereafter acquire any right of immunity,
whether characterized as sovereign immunity or otherwise, and whether under the United States Foreign Sovereign Immunities Act of 1976 (or any successor legislation) or otherwise, from any legal proceedings, whether in the United States or
elsewhere, to enforce or collect upon this Agreement, including, without limitation, immunity from suit or service of process, immunity from jurisdiction or judgment of any court or tribunal or execution of a judgment, or immunity of any of its
property from attachment prior to any entry of judgment, or from attachment in aid of execution upon a judgment, each of the Class AA Liquidity Provider, the Class A Liquidity Provider and the Class B Liquidity Provider, hereby irrevocably and
expressly waives any such immunity, and agrees not to assert any such right or claim in any such proceeding, whether in the United States or elsewhere. 

Section 9.12. Non-Petition. Each Liquidity Provider covenants that until one year and one day after the Equipment Notes have been
paid in full, it shall not acquiesce, petition or otherwise invoke or cause or join in invoking or causing any Trust or any other Person to invoke the process of any governmental authority for the purpose of commencing or sustaining a case (whether
voluntary or not) against such Trust under any bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of such Trust or any substantial part of its property or
ordering the winding up or liquidation of the affairs of such Trust. 

  

					
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 [Remainder of Page Intentionally Left Blank] 

  

					
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their
respective officers thereunto duly authorized, as of the date first above written, and acknowledge that this Agreement has been made and delivered in the City of New York, and this Agreement has become effective only upon such execution and
delivery. 
  

					
	WILMINGTON TRUST COMPANY, as Trustee for each of the Trusts
		
	By:	 	 /s/ Adam R. Vogelsong

		 	Name:	 	Adam R. Vogelsong
		 	Title:	 	Vice President
	
	KFW IPEX-BANK GMBH, as Class AA Liquidity Provider, Class A Liquidity Provider and Class B Liquidity Provider
		
	By:	 	 /s/ Dr. Anne Hashagen

		 	Name:	 	Dr. Anne Hashagen
		 	Title:	 	Vice President
		
	By:	 	 /s/ Jörg-Andreas Dürr

		 	Name:	 	Jörg-Andreas Dürr
		 	Title:	 	Director
	
	WILMINGTON TRUST COMPANY, as Subordination Agent
		
	By:	 	 /s/ Adam R. Vogelsong

		 	Name:	 	Adam R. Vogelsong
		 	Title:	 	Vice President

 [Signature Page to Intercreditor Agreement]EX-4.6

 Exhibit 4.6 

Execution Version 
 NOTE PURCHASE
AGREEMENT 
 Dated as of January 19, 2016 

among 
 AMERICAN AIRLINES, INC.,

 WILMINGTON TRUST COMPANY, 
 as
Pass Through Trustee under each of the Pass Through Trust Agreements 
 and 

WILMINGTON TRUST COMPANY, 
 as
Subordination Agent 
  
  

 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

 Table of Contents 

 

							
	 	 	 	  	Page	 
			
	SECTION 1.	 	 Financing of Aircraft
	  	 	2	  
			
	SECTION 2.	 	 [reserved]
	  	 	3	  
			
	SECTION 3.	 	 Representations and Warranties
	  	 	4	  
			
	SECTION 4.	 	 Covenants
	  	 	7	  
			
	SECTION 5.	 	 [reserved]
	  	 	9	  
			
	SECTION 6.	 	 Notices
	  	 	9	  
			
	SECTION 7.	 	 [reserved]
	  	 	10	  
			
	SECTION 8.	 	 Further Assurances
	  	 	10	  
			
	SECTION 9.	 	 Miscellaneous
	  	 	10	  
			
	SECTION 10.	 	 Governing Law
	  	 	11	  
			
	SECTION 11.	 	 Submission to Jurisdiction
	  	 	11	  

 Schedules 
  

			
	Schedule I	  	Aircraft
	Schedule II	  	Trust Supplements

 Annex 
  

			
	Annex A	  	Definitions

 Exhibits 
  

			
	Exhibit A	  	 [reserved]

	Exhibit B	  	 Form of Participation Agreement

	Exhibit C	  	 Form of Indenture and Security Agreement

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

 NOTE PURCHASE AGREEMENT 

This NOTE PURCHASE AGREEMENT, dated as of January 19, 2016, is made by and among (i) AMERICAN AIRLINES, INC., a Delaware
corporation (together with its successors and permitted assigns, the “Company”), (ii) WILMINGTON TRUST COMPANY (“WTC”), a Delaware trust company, not in its individual capacity except as otherwise
expressly provided herein, but solely as trustee (in such capacity, together with any successor in interest and any successor or other trustee appointed as provided in the applicable Pass Through Trust Agreement (as defined below), the “Pass
Through Trustee”) under each of the three separate Pass Through Trust Agreements and (iii) WILMINGTON TRUST COMPANY, a Delaware trust company, as subordination agent and trustee (in such capacity together with its successors in
such capacity, the “Subordination Agent”) under the Intercreditor Agreement (as defined below). 
 W I
T N E S S E T H: 
 WHEREAS, capitalized terms used but not defined herein shall
have the meanings ascribed to such terms in Annex A hereto; 
 WHEREAS, the Company owns the 22 aircraft described in Schedule
I hereto (the “Aircraft” and each, an “Aircraft”); 
 WHEREAS, pursuant to the Basic Pass Through Trust Agreement
and each of the Trust Supplements described in Schedule II hereto, and concurrently with the execution and delivery of this Note Purchase Agreement, three separate grantor trusts (the “Class AA Pass Through Trust”, the
“Class A Pass Through Trust” and the “Class B Pass Through Trust”, respectively, and collectively, the “Pass Through Trusts” and, individually, each a “Pass Through Trust”) have
been created to facilitate certain of the transactions contemplated hereby, including, without limitation, the issuance and sale of pass through certificates pursuant thereto (together with any other pass through certificates for which such pass
through certificates may be exchanged, collectively, the “Certificates”) to provide financing, among other things, for the purchase by such Pass Through Trusts of the Equipment Notes to be issued in respect of, and secured by a
security interest in, each of the Aircraft; 
 WHEREAS, the Company has entered into the Underwriting Agreement, dated as of
January 19, 2016 (as amended, supplemented or otherwise modified from time to time in accordance with its terms, the “Underwriting Agreement”) with Goldman, Sachs & Co., as representative of the Underwriters named
therein (the “Underwriters”), which provides that the Company will cause the Pass Through Trustee under the Class AA Pass Through Trust (the “Class AA Pass Through Trustee”), the Pass Through Trustee under the
Class A Pass Through Trust (the “Class A Pass Through Trustee”) and the Pass Through Trustee under the Class B Pass Through Trust (the “Class B Pass Through Trustee”) to issue and sell the Class AA
Certificates, the Class A Certificates and the Class B Certificates, respectively, to the Underwriters on the Issuance Date; 

WHEREAS, the Company may in the future enter into Trust Supplements further to facilitate certain of the transactions contemplated hereby,
including, without limitation, the issuance of one or more Additional Series Pass Through Certificates to provide financing for the purchase by the Additional Series Pass Through Trustee of one or more Additional Series Equipment Notes, if issued in
respect of, and secured by a security interest in, the Aircraft; 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

 WHEREAS, subject to the terms and conditions of this Note Purchase Agreement, on the Issuance
Date each Pass Through Trustee of each Pass Through Trust and each of the Subordination Agent, the Loan Trustee, WTC and the Company will enter into the applicable Financing Agreements to which it is intended to be a party relating to each Aircraft;

 WHEREAS, on the Issuance Date, each Pass Through Trustee will fund its purchase of the related series of Equipment Notes in respect of
such Aircraft with the proceeds of the issuance of the Certificates by the applicable Pass Through Trust; and 
 WHEREAS, concurrently with
the execution and delivery of this Note Purchase Agreement, (i) the Class AA Liquidity Provider has entered into the Class AA Liquidity Facility for the benefit of the Holders of the Certificates issued by the Class AA Pass Through
Trust, the Class A Liquidity Provider has entered into the Class A Liquidity Facility for the benefit of the Holders of the Certificates issued by the Class A Pass Through Trust and the Class B Liquidity Provider has entered into the
Class B Liquidity Facility for the benefit of the Holders of the Certificates issued by the Class B Pass Through Trust, in each case with the Subordination Agent, as agent for the Pass Through Trustee on behalf of each such Pass Through Trust and
(ii) concurrently with the execution and delivery of this Note Purchase Agreement, the Pass Through Trustees, the Liquidity Providers and the Subordination Agent have entered into the Intercreditor Agreement. 

NOW, THEREFORE, in consideration of the foregoing premises and the mutual agreements herein contained and other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 SECTION 1.
Financing of Aircraft. 
 (a) Agreement to Finance. The Company agrees to finance all Aircraft in the manner
provided herein on the Issuance Date, all on and subject to the terms and conditions hereof and of the applicable Financing Agreements. 

(b) [reserved] 

(c) [reserved] 

(d) Entering into Financing Agreements. On the Issuance Date, each Pass Through Trustee of each Pass Through Trust
shall, and shall cause the Subordination Agent to, enter into and perform their obligations under each applicable Participation Agreement; provided that, with respect to each Aircraft to be financed, the applicable Participation Agreement and
the applicable Indenture, as executed and delivered, shall be substantially in the respective forms thereof annexed hereto. 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

  
 2 

 Notwithstanding the foregoing, the Financing Agreements with respect to any
Aircraft may be modified to the extent required for the issuance, the successive repayment and issuance or the successive redemption and issuance, as applicable, of Equipment Notes or Additional Series Equipment Notes, as the case may be, pursuant
to Section 4(a)(v) of this Note Purchase Agreement, subject to the terms of such Section and of Section 8.01(c) or 8.01(d) of the Intercreditor Agreement, whichever may be applicable, and the Company shall pay the
reasonable costs and expenses of the Rating Agencies in connection with obtaining any Rating Agency Confirmation in connection therewith. With respect to each Aircraft, the Company shall cause WTC (or such other Person that meets the eligibility
requirements to act as loan trustee under the applicable Indenture) to execute as the applicable Loan Trustee the Financing Agreements relating to such Aircraft to which such Loan Trustee is intended to be a party, and shall concurrently therewith
execute such Financing Agreements to which the Company is intended to be a party and perform its respective obligations thereunder. Upon the request of one or more Rating Agencies, the Company shall deliver or cause to be delivered to such Rating
Agency or Rating Agencies a true and complete copy of each Financing Agreement relating to the financing of each Aircraft, together with a true and complete set of the closing documentation (including legal opinions) delivered to the applicable Loan
Trustee, the Subordination Agent and each Pass Through Trustee of each Pass Through Trust then in existence under the applicable Participation Agreement. 

(e) Registration of Equipment Notes. The Company agrees that all Equipment Notes issued pursuant to any Indenture to
which an Aircraft shall have been subjected shall initially be registered in the name of the Subordination Agent on behalf of the applicable Pass Through Trustee (or, in the case of any Additional Series Equipment Notes, on behalf of the Additional
Series Pass Through Trustee with respect to the corresponding Additional Series Pass Through Certificates). 
 (f) [reserved]

 (g) [reserved] 

(h) [reserved] 

(i) No Liability for Failure to Purchase Equipment Notes. The Company shall have no liability for the failure of any
Pass Through Trustee to purchase Equipment Notes with respect to any Aircraft. 
 (j) [reserved] 

(k) [reserved] 

SECTION 2. [reserved] 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

  
 3 

 SECTION 3. Representations and Warranties. 

(a) Representations and Warranties of the Company. The Company represents and warrants that: 

(i) Due Incorporation; Good Standing; Corporate Power; Etc. The Company is duly incorporated, validly existing and in
good standing under the laws of the State of Delaware and is a Citizen of the United States and has the full corporate power, authority and legal right under the laws of the State of Delaware to execute and deliver this Note Purchase Agreement and
each Financing Agreement to which it will be a party and to carry out the obligations of the Company under this Note Purchase Agreement and each Financing Agreement to which it will be a party; 

(ii) Due Authorization; No Conflicts. The execution and delivery by the Company of this Note Purchase Agreement and the
performance by the Company of its obligations under this Note Purchase Agreement have been duly authorized by the Company and will not violate its Certificate of Incorporation or by-laws or the provisions of any indenture, mortgage, contract or
other agreement to which it is a party or by which it is bound; and 
 (iii) Enforceability. This Note Purchase
Agreement constitutes the legal, valid and binding obligation of the Company, enforceable against it in accordance with its terms, except as the same may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting the rights of creditors generally and by general principles of equity, whether considered in a proceeding at law or in equity. 

(b) Representations and Warranties of WTC. WTC represents and warrants that: 

(i) Due Incorporation; Good Standing; Corporate Power; Etc. WTC is a Delaware trust company duly organized and validly
existing in good standing under the laws of the State of Delaware, holds a valid certificate to do business as a Delaware trust company and is a Citizen of the United States and has the full corporate power, authority and legal right under the laws
of the United States and of the state of the United States in which it is located and pertaining to its trust and fiduciary powers to execute and deliver this Note Purchase Agreement and each Financing Agreement to which it will be a party and to
carry out the obligations of WTC, in its capacity as Subordination Agent or Pass Through Trustee, as the case may be, under this Note Purchase Agreement and each Financing Agreement to which it will be a party; 

(ii) Due Authorization; No Conflicts. The execution and delivery by WTC, in its capacity as Subordination Agent or Pass
Through Trustee, as the case may be, of this Note Purchase Agreement and the performance by WTC, in its capacity as Subordination Agent or Pass Through Trustee, as the case may be, of its obligations under this Note Purchase Agreement have been duly
authorized by 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

  
 4 

 
WTC, in its capacity as Subordination Agent or Pass Through Trustee, as the case may be, and will not violate its articles of association or by-laws or the provisions of any indenture, mortgage,
contract or other agreement to which it is a party or by which it is bound; and 
 (iii) Enforceability. This Note
Purchase Agreement constitutes the legal, valid and binding obligations of WTC, in its capacity as Subordination Agent or Pass Through Trustee, as the case may be, enforceable against it in accordance with its terms, except as the same may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights of creditors generally and by general principles of equity, whether considered in a proceeding at law or in equity. 

(c) Representations and Warranties of the Pass Through Trustee. Each Pass Through Trustee hereby confirms to each of the
other parties hereto that its representations and warranties set forth in Section 7.15 of the Basic Pass Through Trust Agreement and Section 7.04 of the applicable Trust Supplement are true and correct as of the date hereof.

 (d) Representations and Warranties of the Subordination Agent. The Subordination Agent represents and warrants
that: 
 (i) Due Incorporation; Good Standing; Corporate Power; Etc. The Subordination Agent is a Delaware trust
company duly organized and validly existing in good standing under the laws of the State of Delaware, holds a valid certificate to do business as a Delaware trust company, and has the full corporate power, authority and legal right under the laws of
the United States and of the state of the United States in which it is located and pertaining to its trust and fiduciary powers to execute and deliver this Note Purchase Agreement and each Financing Agreement to which it is or will be a party and to
perform its obligations under this Note Purchase Agreement and each Financing Agreement to which it is or will be a party; 

(ii) Due Authorization; Enforceability. This Note Purchase Agreement has been duly authorized, executed and delivered by
the Subordination Agent; this Note Purchase Agreement constitutes the legal, valid and binding obligations of the Subordination Agent enforceable against it in accordance with its terms, except as the same may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the rights of creditors generally and by general principles of equity, whether considered in a proceeding at law or in equity; 

(iii) Compliance with Laws; No Conflicts. None of the execution, delivery and performance by the Subordination Agent of
this Note Purchase Agreement contravenes any law, rule or regulation of the state of the United States in which it is located or any United States governmental authority or 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

  
 5 

 
agency regulating the Subordination Agent’s trust or fiduciary powers or any judgment or order applicable to or binding on the Subordination Agent or contravenes the Subordination
Agent’s articles of association or by-laws or results in any breach of, or constitute a default under, any agreement or instrument to which the Subordination Agent is a party or by which it or any of its properties may be bound; 

(iv) No Governmental Consents. Neither the execution and delivery by the Subordination Agent of this Note Purchase
Agreement nor the consummation by the Subordination Agent of any of the transactions contemplated hereby requires the consent or approval of, the giving of notice to, the registration with, or the taking of any other action with respect to, any
governmental authority or agency of the state of the United States in which it is located or any federal governmental authority or agency regulating the Subordination Agent’s trust or fiduciary powers; 

(v) Certain Tax Matters. There are no Taxes payable by the Subordination Agent imposed by any state of the United States
in which it is located or any political subdivision or taxing authority thereof in connection with the execution, delivery and performance by the Subordination Agent of this Note Purchase Agreement or the Intercreditor Agreement (other than
franchise or other taxes based on or measured by any fees or compensation received by the Subordination Agent for services rendered in connection with the transactions contemplated by the Intercreditor Agreement or any of the Liquidity Facilities),
and there are no Taxes payable by the Subordination Agent imposed by any state of the United States in which it is located or any political subdivision thereof in connection with the acquisition, possession or ownership by the Subordination Agent of
any of the Equipment Notes (other than franchise or other taxes based on or measured by any fees or compensation received by the Subordination Agent for services rendered in connection with the transactions contemplated by the Intercreditor
Agreement or any of the Liquidity Facilities); and 
 (vi) No Proceedings. There are no pending or threatened actions
or proceedings against the Subordination Agent before any court or administrative agency which individually or in the aggregate, if determined adversely to it, would materially adversely affect the ability of the Subordination Agent to perform its
obligations under this Note Purchase Agreement. 
 (e) [reserved] 

(f) [reserved] 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

  
 6 

 SECTION 4. Covenants. 

(a) Covenants of the Company. 

(i) Maintenance of Corporate Existence. Subject to, and except as contemplated by, Section 4(a)(iii) of this
Note Purchase Agreement, the Company shall at all times maintain its corporate existence. 
 (ii) Maintenance of Status as
Certificated Air Carrier; Section 1110. The Company shall, for as long as and to the extent required under Section 1110 in order that the Loan Trustee shall be entitled to any of the benefits of Section 1110 with respect to the
Aircraft, remain a Certificated Air Carrier. 
 (iii) Merger, Consolidation, Acquisition of the Company. The Company
shall not consolidate with or merge into any other Person or convey, transfer or lease substantially all of its assets as an entirety to any Person, unless the Person 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 execute and deliver to the Pass Through Trustees and the Subordination Agent an agreement containing the express assumption by such
successor Person of the due and punctual performance and observance of each covenant and condition of this Note Purchase Agreement to be performed or observed by the Company. Upon any such consolidation or merger, or any conveyance, transfer or
lease of substantially all of the assets of the Company as an entirety, the successor Person formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted
for, and may exercise every right and power of, the Company under this Note Purchase Agreement with the same effect as if such successor Person had been named as the Company herein. 

(iv) [reserved] 

(v) Refinancing of Equipment Notes; Additional Series Equipment Notes. The Company shall have the option to
(A) redeem any Series A Equipment Notes or Series B Equipment Notes (or any Additional Series Equipment Notes) and issue, with respect to all (but not less than all) of the Aircraft, new Equipment Notes with the same Series designation
as that of, but with terms that may be the same as or different from those of, the redeemed Equipment Notes, (B) issue one or more series at any time and from time to time of Additional Series Equipment Notes with respect to all (but not
less than all) of the Aircraft, in each case, under any Indenture (including, for avoidance of doubt, multiple issuances at the same or different times resulting in more than one series of Additional Series Equipment Notes being outstanding at any
time) and (C) at any time following the payment in full of any Series A Equipment Notes, Series B Equipment Notes or previously issued Additional Series Equipment Notes, issue, with respect to all (but not less than all) of the Aircraft, new
Equipment Notes of the same series designation as, but with terms that may be the same as or different from those of, such Equipment Notes that have been paid in full, provided that the Company

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

  
 7 

 
shall have obtained a Rating Agency Confirmation with respect to any Class of Certificates then rated by such Rating Agency that will remain outstanding in connection with such issuance, such
payment and issuance or such redemption and issuance, as applicable, and provided further that any such issuance, payment and issuance or redemption and issuance, as applicable, shall be subject to the terms of
Section 8.01(c) or 8.01(d), as applicable, of the Intercreditor Agreement. If any such new Equipment Notes or Additional Series Equipment Notes are to be so issued, the pass through trustee of the pass through trust that acquires
such new Equipment Notes or the Additional Series Pass Through Trustee, as applicable, shall execute and deliver an instrument (which may be a joinder agreement) by which such pass through trustee or Additional Series Pass Through Trustee, as
applicable, becomes a party hereto, and each of the parties hereto agrees, at the Company’s request, to enter into any amendments to (or any amendment and restatement of) this Note Purchase Agreement (including, without limitation, any
modifications of the Indenture Form and the Participation Agreement Form) and any other Operative Agreements as may be necessary or desirable to give effect to such issuance, payment and issuance or redemption and issuance of any such new Equipment
Notes or Additional Series Equipment Notes, as applicable, and the issuance of pass through certificates by any pass through trust that acquires any such new Equipment Notes or Additional Series Equipment Notes, as applicable, and to make changes
relating to any of the foregoing (including, without limitation, to provide for any prefunding mechanism in connection therewith) and to provide for any credit support for any pass through certificates relating to any such new Equipment Notes or
Additional Series Equipment Notes (including, without limitation, to provide for payment of fees, interest, expenses, reimbursement of advances and other obligations arising from such credit support (including, without limitation, to specify such
credit support as a “Liquidity Facility” and the provider of any such credit support as a “Liquidity Provider” and, if such Liquidity Facility is to be comprised of more than one instrument, to incorporate appropriate mechanics
for multiple Liquidity Facilities for a single Pass Through Trust)). 
 (vi) Certain Reports to Subordination Agent.
Promptly after the occurrence of a Triggering Event or an Indenture Event of Default resulting from the failure of the Company to make payments on any Equipment Note and on every Regular Distribution Date while the Triggering Event or such Indenture
Event of Default shall be continuing, the Company shall, at the Subordination Agent’s request from time to time but in any event no more frequently than once every three months, provide to the Subordination Agent a statement setting forth the
following information with respect to each Aircraft then subject to the lien of an Indenture: (A) whether the Aircraft are currently in service or parked in storage, (B) the maintenance status of the Aircraft, and
(C) the location of the Engines (as defined in the respective Indentures to which such Aircraft are subject). As used in this Section 4(a)(vi), the terms “Triggering Event”, “Indenture Event of Default”
and “Regular Distribution Date” have the respective meanings set forth in the Intercreditor Agreement. 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

  
 8 

 (b) Covenants by WTC. 

(i) Status as Citizen of the United States. WTC, in its individual capacity, covenants with each of the other parties to
this Note Purchase Agreement that it will, immediately upon obtaining knowledge of any facts that would cast doubt upon its continuing status as a Citizen of the United States and promptly upon public disclosure of negotiations in respect of any
transaction which would or might adversely affect such status, notify in writing all parties hereto of all relevant matters in connection therewith. Upon WTC giving any such notice, WTC shall, subject to Section 8.01 of any Indenture
then entered into, resign as Loan Trustee in respect of such Indenture. 
 (ii) Situs of Activity. Except with the
consent of the Company, which shall not be unreasonably withheld, WTC will act as Pass Through Trustee and Subordination Agent solely through its offices within the State of Delaware, except for such services as may be performed for it by
independent agents in the ordinary course of business, but not directly by it, in other states. 
 (c) [reserved] 

(d) Covenants by the Pass Through Trustees. 

(i) Tax Forms of the Pass Through Trustees. On or prior to the date this Note Purchase Agreement is executed, each Pass
Through Trustee shall have provided a completed and executed copy of IRS Form W-9 to each of the Company, the Subordination Agent and the Liquidity Providers. 

(ii) Tax Forms of Pass Through Trustee of New or Additional Series Pass Through Trust. If any new Equipment Notes or
Additional Series Equipment Notes shall be issued under any Indenture as provided in Section 4(a)(v), on or prior to the date such new Equipment Notes or Additional Series Equipment Notes, as applicable, shall have been so issued, the
pass through trustee of the pass through trust that acquires such new Equipment Notes or the Additional Series Pass Through Trustee, as applicable, shall have provided a completed and executed copy of IRS Form W-9 to each of the Company and the
Subordination Agent and, if a liquidity facility shall have been provided with respect to such new pass through trust or the Additional Series Pass Through Trust, to the provider of such liquidity facility. 

SECTION 5. [reserved] 

SECTION 6. Notices. Unless otherwise expressly specified or permitted by the terms hereof, all notices, requests, demands,
authorizations, directions, consents or 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

  
 9 

 
waivers required or permitted by the terms and provisions of this Note Purchase Agreement shall be in English and in writing, and given by United States registered or certified mail, return
receipt requested, overnight courier service or facsimile, and any such notice shall be effective when received (or, if delivered by facsimile, upon completion of transmission and confirmation by the sender (by a telephone call to a representative
of the recipient or by machine confirmation) that such transmission was received) to the relevant party hereto at the address or facsimile number set forth below the signature of such party at the foot of this Note Purchase Agreement or to such
other address or facsimile number as such party may hereafter specify by notice to the other parties. 
 SECTION 7. [reserved]. 

SECTION 8. Further Assurances. Each party hereto shall duly execute, acknowledge and deliver, or shall cause to be executed,
acknowledged and delivered, all such further agreements, instruments, certificates or documents, and shall do and cause to be done such further acts and things, in any case, as any other party hereto shall reasonably request in connection with its
administration of, or to carry out more effectually the purposes of, or to better assure and confirm unto it the rights and benefits to be provided under, this Note Purchase Agreement. 

SECTION 9. Miscellaneous. 

(a) Survival of Representations and Covenants. Provided that the transactions contemplated hereby have been consummated,
and except as otherwise provided for herein, the representations, warranties and agreements herein of the Company, the Subordination Agent and each Pass Through Trustee, and the Company’s, the Subordination Agent’s and each Pass Through
Trustee’s obligations under any and all thereof, shall survive the expiration or other termination of this Note Purchase Agreement and the other agreements referred to herein. 

(b) Counterparts; Amendments; Effect of Headings; Successors and Assigns. This Note Purchase Agreement may be executed
in any number of counterparts (and each of the parties hereto shall not be required to execute the same counterpart). Each counterpart of this Note Purchase Agreement, including a signature page executed by each of the parties hereto, shall be an
original counterpart of this Note Purchase Agreement, but all of such counterparts together shall constitute one instrument. Neither this Note Purchase Agreement nor any of the terms hereof may be terminated, amended, supplemented, waived or
modified orally, but only by an instrument in writing signed by the party against which the enforcement of the termination, amendment, supplement, waiver or modification is sought. The Table of Contents to this Note Purchase Agreement and the
headings of the various Sections and Subsections of this Note Purchase Agreement are for convenience of reference only and shall not modify, define, 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

  
 10 

 
expand or limit any of the terms or provisions hereof. The terms of this Note Purchase Agreement shall be binding upon, and shall inure to the benefit of, the Company and its successors and
permitted assigns, the Pass Through Trustee and its successors as Pass Through Trustee (and any additional trustee appointed) under any of the Pass Through Trust Agreements and the Subordination Agent and its successors as Subordination Agent under
the Intercreditor Agreement. 
 (c) Benefits of Agreement. This Note Purchase Agreement is not intended to, and shall
not, provide any Person not a party hereto (other than the Underwriters) with any rights of any nature whatsoever against any of the parties hereto, and no Person not a party hereto (other than the Underwriters) shall have any right, power or
privilege in respect of, or have any benefit or interest arising out of, this Note Purchase Agreement. 
 SECTION 10. Governing
Law. THIS NOTE PURCHASE AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE. THIS NOTE PURCHASE AGREEMENT IS BEING DELIVERED IN THE
STATE OF NEW YORK. 
 SECTION 11. Submission to Jurisdiction. Each of the parties hereto, to the extent it may do so under
applicable law, for purposes hereof and of all other Operative Agreements hereby (a) irrevocably submits itself to the non-exclusive jurisdiction of the courts of the State of New York sitting in the City of New York and to the
non-exclusive jurisdiction of the United States District Court for the Southern District of New York and (b) waives, and agrees not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, that the
suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Note Purchase Agreement or the subject matter hereof or any of the transactions contemplated hereby may not be
enforced in or by such courts. 
 [Signature Pages Follow] 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

  
 11 

 IN WITNESS WHEREOF, the parties hereto have caused this Note Purchase Agreement to be duly
executed by their respective officers thereunto duly authorized as of the day and year first above written. 
  

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

		 	Name:	 	Thomas T. Weir
		 	Title:	 	Vice President and Treasurer
		 	Address:	 	4333 Amon Carter Boulevard
		 		 	Mail Drop 5662
		 		 	Fort Worth, Texas 76155
		 		 	Ref.: American Airlines 2016-1 EETC
		 		 	Attention: Treasurer
		 		 	Telephone: (817) 963-1234
		 		 	Facsimile: (817) 967-4318

  
 [2016-1
EETC Note Purchase Agreement Signature Page] 

 
					
	WILMINGTON TRUST COMPANY,
	not in its individual capacity, except as otherwise provided herein, but solely as Pass Through Trustee
		
	By:	 	 /s/ Adam R. Vogelsong

		 	Name:	 	Adam R. Vogelsong
		 	Title:	 	Vice President
		 	Address:	 	1100 North Market Street
		 		 	Wilmington, Delaware 19890-1605
		 		 	Attention: Corporate Trust
		 		 	Administration
		 		 	Facsimile: (302) 636-4149
	
	 WILMINGTON TRUST COMPANY,
 not in
its individual capacity, except as otherwise provided herein, but solely as Subordination Agent

		
	By:	 	 /s/ Adam R. Vogelsong

		 	Name:	 	Adam R. Vogelsong
		 	Title:	 	Vice President
		 	Address:	 	1100 North Market Street
		 		 	Wilmington, Delaware 19890-1605
		 		 	Attention: Corporate Trust
		 		 	Administration
		 		 	Facsimile: (302) 636-4149

  
 [2016-1
EETC Note Purchase Agreement Signature Page] 

 SCHEDULE I to 

NOTE PURCHASE AGREEMENT 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

													
	 No.
	  	 U.S.

Registration

No.
	  	 Airframe

Manufacturer
	  	 Airframe

Model
 (including

generic
manufacturer

and model)
	  	 Airframe

MSN
	  	 Engine Manufacturer
	  	 Engine Model

(including generic
manufacturer and
model)

	1.	  	N912UY	  	Airbus	  	Airbus A321-231 (Airbus A321-200)	  	6264	  	IAE International Aero Engines AG	  	V2533-A5
	2.	  	N916US	  	Airbus	  	Airbus A321-231 (Airbus A321-200)	  	6420	  	IAE International Aero Engines AG	  	V2533-A5
	3.	  	N917UY	  	Airbus	  	Airbus A321-231 (Airbus A321-200)	  	6427	  	IAE International Aero Engines AG	  	V2533-A5
	4.	  	N918US	  	Airbus	  	Airbus A321-231 (Airbus A321-200)	  	6443	  	IAE International Aero Engines AG	  	V2533-A5
	5.	  	N920US	  	Airbus	  	Airbus A321-231 (Airbus A321-200)	  	6490	  	IAE International Aero Engines AG	  	V2533-A5
	6.	  	N922US	  	Airbus	  	Airbus A321-231 (Airbus A321-200)	  	6537	  	IAE International Aero Engines AG	  	V2533-A5
	7.	  	N923US	  	Airbus	  	Airbus A321-231 (Airbus A321-200)	  	6543	  	IAE International Aero Engines AG	  	V2533-A5
	8.	  	N921US	  	Airbus	  	Airbus A321-231 (Airbus A321-200)	  	6523	  	IAE International Aero Engines AG	  	V2533-A5
	9.	  	N924US	  	Airbus	  	Airbus A321-231 (Airbus A321-200)	  	6569	  	IAE International Aero Engines AG	  	V2533-A5
	10.	  	N925UY	  	Airbus	  	Airbus A321-231 (Airbus A321-200)	  	6613	  	IAE International Aero Engines AG	  	V2533-A5
	11.	  	N927UW	  	Airbus	  	Airbus A321-231 (Airbus A321-200)	  	6625	  	IAE International Aero Engines AG	  	V2533-A5

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

													
	 No.
	  	 U.S.

Registration

No.
	  	 Airframe

Manufacturer
	  	 Airframe

Model
 (including

generic
manufacturer

and model)
	  	 Airframe

MSN
	  	 Engine Manufacturer
	  	 Engine Model

(including generic
manufacturer and
model)

	12.	  	N977NN	  	Boeing	  	Boeing 737-823 (Boeing 737-800)	  	31225	  	CFM International	  	CFM56-7B
	13.	  	N978NN	  	Boeing	  	Boeing 737-823 (Boeing 737-800)	  	31226	  	CFM International	  	CFM56-7B
	14.	  	N979NN	  	Boeing	  	Boeing 737-823 (Boeing 737-800)	  	31228	  	CFM International	  	CFM56-7B
	15.	  	N980NN	  	Boeing	  	Boeing 737-823 (Boeing 737-800)	  	31229	  	CFM International	  	CFM56-7B
	16.	  	N981NN	  	Boeing	  	Boeing 737-823 (Boeing 737-800)	  	31230	  	CFM International	  	CFM56-7B
	17.	  	N982NN	  	Boeing	  	Boeing 737-823 (Boeing 737-800)	  	31231	  	CFM International	  	CFM56-7B
	18.	  	N734AR	  	Boeing	  	Boeing 777-323ER (Boeing 777-300ER)	  	31480	  	General Electric	  	GE90-115BL
	19.	  	N805AN	  	Boeing	  	Boeing 787-8 (Boeing 787-8)	  	40623	  	General Electric	  	GEnx-1B70
	20.	  	N810AN	  	Boeing	  	Boeing 787-8 (Boeing 787-8)	  	40628	  	General Electric	  	GEnx-1B70
	21.	  	N811AB	  	Boeing	  	Boeing 787-8 (Boeing 787-8)	  	40629	  	General Electric	  	GEnx-1B70
	22.	  	N812AA	  	Boeing	  	Boeing 787-8 (Boeing 787-8)	  	40630	  	General Electric	  	GEnx-1B70

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

 SCHEDULE II to 

NOTE PURCHASE AGREEMENT 

TRUST SUPPLEMENTS 
 Trust
Supplement No. 2016-1AA, dated as of the Issuance Date, between the Company and the Pass Through Trustee in respect of the American Airlines Pass Through Trust, Series 2016-1AA. 

Trust Supplement No. 2016-1A, dated as of the Issuance Date, between the Company and the Pass Through Trustee in respect of the American Airlines Pass
Through Trust, Series 2016-1A. 
 Trust Supplement No. 2016-1B, dated as of the Issuance Date, between the Company and the Pass Through Trustee in
respect of the American Airlines Pass Through Trust, Series 2016-1B. 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

 ANNEX A to 

NOTE PURCHASE AGREEMENT 

DEFINITIONS 

(a) Certain Rules of Construction. Unless the context otherwise requires, the following rules of construction shall
apply for all purposes of the Note Purchase Agreement (including this Annex A). 
 (i) Singular and Plural.
The definitions stated in this Annex A apply equally to both the singular and the plural forms of the terms defined. 

(ii) References to Parts. All references in the Note Purchase Agreement to designated “Sections”,
“Subsections”, “Schedules”, “Exhibits”, “Annexes” and other subdivisions are to the designated Section, Subsection, Schedule, Exhibit, Annex or other subdivision of the Note Purchase Agreement, unless
otherwise specifically stated. 
 (iii) Reference to the Whole. The words “herein”, “hereof” and
“hereunder” and other words of similar import refer to the Note Purchase Agreement as a whole and not to any particular Section, Subsection, Schedule, Exhibit, Annex or other subdivision. 

(iv) Reference to Government. All references in the Note Purchase Agreement to a “government” are to such
government and any instrumentality or agency thereof. 
 (v) Including Without Limitation. Unless the context
otherwise requires, whenever the words “including”, “include” or “includes” are used herein, they shall be deemed to be followed by the phrase “without limitation”. 

(vi) Notice and Notify. Whenever the words “notice” or “notify” or similar words are used herein,
they mean the provision of formal notice as set forth in Section 6 of the Note Purchase Agreement. 
 (vii)
Reference to Persons. All references in the Note Purchase Agreement to a Person shall include successors and permitted assigns of such Person. 

(b) Definitions. 

“Additional Series Equipment Notes” means Equipment Notes of each series issued under an Indenture and designated other than
as “Series AA”, “Series A” or “Series B” issued thereunder, if any, in the principal amount and maturities and bearing interest as specified in Schedule I to such Indenture amended at the time of original issuance of
such Additional Series Equipment Notes under the heading for such series. 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

 “Additional Series Pass Through Certificates” means the pass through
certificates, if any, issued by any Additional Series Pass Through Trust (including, without limitation, any “Refinancing Certificates” (as such term is defined in the Intercreditor Agreement) issued by a “Refinancing Trust”
described in clause (ii) of the definition of “Additional Series Pass Through Trust”). 
 “Additional Series Pass
Through Trust” means (i) a grantor trust, if any, created pursuant to the applicable Pass Through Trust Agreement to facilitate the issuance and sale of pass through certificates in connection with the issuance of any Additional
Series Equipment Notes and (ii) any “Refinancing Trust” (as such term is defined in the Intercreditor Agreement) created in connection with any subsequent repayment or redemption of such Additional Series Equipment Notes and
issuance of new Additional Series Equipment Notes. 
 “Additional Series Pass Through Trust Agreement” means a Trust
Supplement entered into in connection with the creation of an Additional Series Pass Through Trust, together with the Basic Pass Through Trust Agreement, as the same may be amended, supplemented or otherwise modified from time to time in accordance
with its terms. 
 “Additional Series Pass Through Trustee” means, with respect to any Additional Series Pass Through
Trust, the trustee under the Additional Series Pass Through Trust Agreement for such Additional Series Pass Through Trust, in its capacity as pass through trustee thereunder. 

“Aircraft” has the meaning set forth in the second recital to the Note Purchase Agreement. 

“Bankruptcy Code” means the United States Bankruptcy Code, 11 United States Code §§101 et seq., as amended
from time to time, or any successor statutes thereto. 
 “Basic Pass Through Trust Agreement” means that certain Pass
Through Trust Agreement, dated as of September 16, 2014, between the Company and WTC, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms (but does not include any Trust Supplement).

 “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 New York, New York, Fort Worth, Texas, Wilmington, Delaware or, if different from the foregoing, the city and state in which any Loan Trustee, any Pass Through Trustee or the Subordination Agent maintains its Corporate Trust
Office or receives and disburses funds. 
 “Certificated Air Carrier” means an air carrier holding an air carrier operating
certificate issued by the Secretary of Transportation pursuant to Chapter 447 of Title 49 of the United States Code for aircraft capable of carrying ten or more individuals or 6,000 pounds or more of cargo or that otherwise is certified or
registered to the extent required to fall within the purview of Section 1110. 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

  
 A-2 

 “Certificates” has the meaning set forth in the third recital to the Note
Purchase Agreement. 
 “Citizen of the United States” has the meaning specified for such term in Section 40102(a)(15)
of Title 49 of the United States Code or any similar legislation of the United States enacted in substitution or replacement therefor. 

“Class” means the class of Certificates issued by a Pass Through Trust. 

“Class A Certificates” means the Certificates issued by the Class A Pass Through Trust. 

“Class A Liquidity Facility” has the meaning set forth in the Intercreditor Agreement. 

“Class A Liquidity Provider” has the meaning set forth in the Intercreditor Agreement. 

“Class A Pass Through Trust” has the meaning set forth in the third recital to the Note Purchase Agreement. 

“Class A Pass Through Trustee” has the meaning set forth in the fourth recital to the Note Purchase Agreement. 

“Class AA Certificates” means the Certificates issued by the Class AA Pass Through Trust. 

“Class AA Liquidity Facility” has the meaning set forth in the Intercreditor Agreement. 

“Class AA Liquidity Provider” has the meaning set forth in the Intercreditor Agreement. 

“Class AA Pass Through Trust” has the meaning set forth in the third recital to the Note Purchase Agreement. 

“Class AA Pass Through Trustee” has the meaning set forth in the fourth recital to the Note Purchase Agreement. 

“Class B Certificates” means the Certificates issued by the Class B Pass Through Trust. 

“Class B Liquidity Facility” has the meaning set forth in the Intercreditor Agreement. 

“Class B Liquidity Provider” has the meaning set forth in the Intercreditor Agreement. 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

  
 A-3 

 “Class B Pass Through Trust” has the meaning set forth in the third recital to
the Note Purchase Agreement. 
 “Class B Pass Through Trustee” has the meaning set forth in the fourth recital to the Note
Purchase Agreement. 
 “Company” has the meaning set forth in the first paragraph of the Note Purchase Agreement. 

“Corporate Trust Office” has the meaning set forth in Section 1.01 of the Intercreditor Agreement. 

“Equipment Notes” means and includes any equipment notes issued under any Indenture in the form specified in
Section 2.01 thereof (as such form may be varied pursuant to the terms of the Note Purchase Agreement and of such Indenture) and any Equipment Note issued under any such Indenture in exchange for or replacement of any other Equipment
Note. 
 “FAA” means the United States Federal Aviation Administration and any agency or instrumentality of the United
States government succeeding to its functions. 
 “Financing Agreements” means, collectively, with respect to any Aircraft,
the Participation Agreement, the Indenture and the Equipment Notes issued under such Indenture, in each case relating to such Aircraft. 

“Government Entity” means (a) any federal, state, provincial or similar government, and any body, board,
department, commission, court, tribunal, authority, agency or other instrumentality of any such government or otherwise exercising any executive, legislative, judicial, administrative or regulatory functions of such government or (b) any
other government entity having jurisdiction over any matter contemplated by the Operative Agreements or relating to the observance or performance of the obligations of any of the parties to the Operative Agreements. 

“Holder” means, with respect to any Certificate, the Person in whose name such Certificate is registered in the Register.

 “Indenture” means with respect to an Aircraft, an indenture and security agreement substantially in the form of the
Indenture Form to which such Aircraft shall have been subjected, as such agreement may be amended, supplemented or otherwise modified from time to time. 

“Indenture Form” means the form of indenture and security agreement attached as Exhibit C to the Note Purchase Agreement.

 “Intercreditor Agreement” means that certain Intercreditor Agreement, dated as of the Issuance Date, among the Pass
Through Trustees, the Liquidity Providers and the Subordination Agent, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms; provided that for purposes of any obligations of the
Company, no amendment, modification or supplement to, or substitution or replacement of, such Intercreditor Agreement shall be effective unless consented to by the Company. 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

  
 A-4 

 “Issuance Date” means the date of the original issuance of the Certificates.

 “Liquidity Facilities” means, collectively, the Class AA Liquidity Facility, the Class A Liquidity Facility and the
Class B Liquidity Facility. 
 “Liquidity Providers” means, collectively, the Class AA Liquidity Provider, the Class A
Liquidity Provider and the Class B Liquidity Provider. 
 “Loan Trustee” means, with respect to any Aircraft, the
“Loan Trustee” as defined in the Financing Agreements in respect of such Aircraft. 
 “Moody’s” means
Moody’s Investors Service, Inc. 
 “Note Purchase Agreement” means the Note Purchase Agreement to which this Annex
A is attached. 
 “Operative Agreements” means, collectively, each Pass Through Trust Agreement, the Note Purchase
Agreement, each Liquidity Facility, the Intercreditor Agreement, the Certificates and, with respect to each Aircraft in respect of which Equipment Notes shall have been issued, the Financing Agreements. 

“Participation Agreement” means with respect to an Aircraft, a participation agreement substantially in the form of the
Participation Agreement Form relating to the financing of such Aircraft, as such agreement may be amended, supplemented or otherwise modified from time to time. 

“Participation Agreement Form” means the form of participation agreement attached as Exhibit B to the Note Purchase
Agreement. 
 “Pass Through Trust” has the meaning set forth in the third recital to the Note Purchase Agreement. 

“Pass Through Trust Agreement” means each of the three separate Trust Supplements referred to in the third recital to the
Note Purchase Agreement, each dated as of the Issuance Date, by and between the Company and the Pass Through Trustee, together in each case with the Basic Pass Through Trust Agreement, as the same may be amended, supplemented or otherwise modified
from time to time in accordance with the terms thereof. 
 “Pass Through Trustee” has the meaning set forth in the first
paragraph of the Note Purchase Agreement. 
 “Person” means any individual, firm, partnership, joint venture, trust,
trustee, Government Entity, organization, association, corporation, limited liability company, government agency, committee, department, authority and other body, corporate or incorporate, whether having distinct legal status or not, or any member
of any of the same. 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

  
 A-5 

 “Rating Agencies” means, with respect to any Class of Certificates,
collectively, at any time, each nationally recognized rating agency which shall have been requested to rate such Class of Certificates and which shall then be rating such Class of Certificates. The initial Rating Agencies with respect to the Class
AA Certificates, Class A Certificates and the Class B Certificates will be Standard & Poor’s and Moody’s. 

“Rating Agency Confirmation” means, in the case of any action or event that, pursuant to the express terms of the Note
Purchase Agreement, requires a “Rating Agency Confirmation” with respect to any Class of Certificates in connection therewith, a written confirmation from each of the Rating Agencies then rating such Class of Certificates to the effect
that such action or event would not result in (i) a reduction of the rating for such Class of Certificates by such Rating Agency below the then current rating for such Class of Certificates issued by such Rating Agency or
(ii) a withdrawal or suspension of the rating of such Class of Certificates by such Rating Agency. 

“Register” means, with respect to the Class AA Certificates, the register maintained pursuant to Sections 3.04 and
7.12 of the Basic Pass Through Trust Agreement with respect to the Class AA Pass Through Trust, with respect to the Class A Certificates, the register maintained pursuant to Sections 3.04 and 7.12 of the Basic Pass Through
Trust Agreement with respect to the Class A Pass Through Trust and, with respect to the Class B Certificates, the register maintained pursuant to Sections 3.04 and 7.12 of the Basic Pass Through Trust Agreement with respect to the
Class B Pass Through Trust. 
 “Section 1110” means Section 1110 of the Bankruptcy Code or any successor or analogous
Section of the federal bankruptcy law in effect from time to time. 
 “Series A Equipment Notes” means Equipment Notes
issued under an Indenture and designated as “Series A” thereunder. 
 “Series AA Equipment Notes” means Equipment
Notes issued under an Indenture and designated as “Series AA” thereunder. 
 “Series B Equipment Notes” means
Equipment Notes issued under an Indenture and designated as “Series B” thereunder. 
 “Standard &
Poor’s” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business. 

“Subordination Agent” has the meaning set forth in the first paragraph of the Note Purchase Agreement. 

“Taxes” means all license, recording, documentary, registration and other similar fees and all taxes, levies, imposts,
duties, charges, assessments or withholdings of any nature whatsoever imposed by any Taxing Authority, together with any penalties, additions to tax, fines or interest thereon or additions thereto. 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

  
 A-6 

 “Taxing Authority” means any federal, state or local government or other taxing
authority in the United States, any foreign government or any political subdivision or taxing authority thereof, any international taxing authority or any territory or possession of the United States or any taxing authority thereof. 

“Triggering Event” has the meaning assigned to such term in the Intercreditor Agreement. 

“Trust Supplement” means (i) each agreement supplemental to the Basic Pass Through Trust Agreement referred to in
Section II to the Note Purchase Agreement and (ii) in the case of any Additional Series Pass Through Trust Certificates, if issued, whether in connection with the initial issuance of any Additional Series Equipment Notes or in connection with
any subsequent redemption of such Additional Series Equipment Notes and issuance of new Additional Series Equipment Notes, an agreement supplemental to the Basic Pass Through Trust Agreement pursuant to which (a) a separate trust is
created for the benefit of the holders of the pass through certificates of a class, (b) the issuance of the pass through certificates of such class representing fractional undivided interests in such trust is authorized and
(c) the terms of the pass through certificates of such class are established. 
 “Underwriters” has the meaning
set forth in the fourth recital to the Note Purchase Agreement. 
 “Underwriting Agreement” has the meaning set forth in
the fourth recital to the Note Purchase Agreement. 
 “United States” means the United States of America. 

“WTC” has the meaning set forth in the first paragraph of the Note Purchase Agreement. 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

  
 A-7 

 EXHIBIT A to 

NOTE PURCHASE AGREEMENT 
 [reserved]

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

 EXHIBIT B to 

NOTE PURCHASE AGREEMENT 
 FORM
OF PARTICIPATION AGREEMENT 
 [Attached.] 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

 Final Form 
  

 
  

PARTICIPATION AGREEMENT 
 ([Reg.
No.]) 
 Dated as of January 19, 2016 

among 
 AMERICAN AIRLINES, INC.,

 WILMINGTON TRUST COMPANY, 
 as
Pass Through Trustee under each of the 
 Pass Through Trust Agreements, 

WILMINGTON TRUST COMPANY, 
 as
Subordination Agent, 
 WILMINGTON TRUST COMPANY, 

as Loan Trustee, 
 and 

WILMINGTON TRUST COMPANY, 
 in its
individual capacity as set forth herein 
 * 

One [Aircraft Manufacturer and Model] 

(Generic Manufacturer and Model [Generic Manufacturer and Model]) Aircraft 

U.S. Registration No. [Reg. No.] 
  

 
  

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 Table of Contents 

 

					
	 	  	Page	 
		
	 ARTICLE I DEFINITIONS
	  	 	2	  
		
	 Section 1.01. Definitions
	  	 	2	  
	 Section 1.02. Other Definitional Provisions
	  	 	2	  
		
	 ARTICLE II THE LOANS
	  	 	2	  
		
	 Section 2.01. The Loans
	  	 	2	  
	 Section 2.02. Issuance of Equipment Notes
	  	 	3	  
	 Section 2.03. The Closing
	  	 	3	  
		
	 ARTICLE III CONDITIONS PRECEDENT
	  	 	4	  
		
	 Section 3.01. Conditions Precedent to Obligations of the Pass Through Trustees
	  	 	4	  
	 Section 3.02. Conditions Precedent to Obligations of the Company
	  	 	8	  
		
	 ARTICLE IV REPRESENTATIONS, WARRANTIES AND INDEMNITIES OF THE COMPANY
	  	 	10	  
		
	 Section 4.01. Representations and Warranties of the Company
	  	 	10	  
	 Section 4.02. General Indemnity
	  	 	12	  
		
	 ARTICLE V REPRESENTATIONS, WARRANTIES AND COVENANTS OF WTC
	  	 	18	  
		
	 Section 5.01. Representations, Warranties and Covenants of WTC
	  	 	18	  
		
	 ARTICLE VI OTHER COVENANTS AND AGREEMENTS
	  	 	21	  
		
	 Section 6.01. Other Agreements
	  	 	21	  
	 Section 6.02. Certain Covenants of the Company
	  	 	23	  
		
	 ARTICLE VII MISCELLANEOUS
	  	 	25	  
		
	 Section 7.01. Notices
	  	 	25	  
	 Section 7.02. Survival of Indemnities, Covenants and Agreements
	  	 	26	  
	 Section 7.03. Governing Law
	  	 	26	  
	 Section 7.04. Severability
	  	 	26	  

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
 i 

					
	 Section 7.05. No Oral Modifications or Continuing Waivers; Consents
	  	 	26	  
	 Section 7.06. Effect of Headings and Table of Contents
	  	 	26	  
	 Section 7.07. Successors and Assigns
	  	 	26	  
	 Section 7.08. Benefits of Agreement
	  	 	27	  
	 Section 7.09. Counterparts
	  	 	27	  
	 Section 7.10. Submission to Jurisdiction
	  	 	27	  
	 Section 7.11. No Petition
	  	 	28	  
	 Section 7.12. Section 1110
	  	 	29	  
	 Section 7.13. No Waiver
	  	 	29	  
	 Section 7.14. Further Assurances
	  	 	29	  

  

							
	Schedule I	 	-	  	 Certain Terms
	  	
	Schedule II	 	-	  	 Equipment Notes, Purchasers and Original Principal Amounts
	  	
	Schedule III	 	-	  	 Trust Supplements
	  	
				
	Exhibit A	 	-	  	 Form of Opinion of Counsel for the Company
	  	
	Exhibit B	 	-	  	 Form of Opinion of Special Counsel for the Loan Trustee, the Pass Through Trustees, the Subordination Agent and WTC
	  	
	Exhibit C	 	-	  	 Form of Opinion of Special FAA Counsel
	  	
	Exhibit D	 	-	  	 Form of Manufacturer’s Consent
	  	
	Exhibit E	 	-	  	 Form of Opinion of Regulatory Counsel
	  	
	Exhibit F	 	-	  	 Form of Opinion of Delaware Counsel for the Company
	  	
	Annex A	 	-	  	 Definitions
	  	

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
 ii 

 PARTICIPATION AGREEMENT 

([Reg. No.]) 
 This
PARTICIPATION AGREEMENT ([Reg. No.]) (“Agreement”), dated as of January 19, 2016, is made by and among AMERICAN AIRLINES, INC., a Delaware corporation (together with its successors and permitted assigns, the
“Company”), WILMINGTON TRUST COMPANY, a Delaware trust company (in its individual capacity, together with its successors and permitted assigns, “WTC”), not in its individual capacity except as otherwise expressly
provided in any of the Operative Documents or the Pass Through Documents, but solely as Pass Through Trustee under each of the Pass Through Trust Agreements (such terms and other capitalized terms used herein without definition being defined as
provided in Section 1.01), WILMINGTON TRUST COMPANY, a Delaware trust company, as subordination agent and trustee (in such capacity, together with any successor trustee in such capacity, the “Subordination Agent”) under the
Intercreditor Agreement, and WILMINGTON TRUST COMPANY, a Delaware trust company as loan trustee (in such capacity, together with any successor trustee in such capacity, the “Loan Trustee”) under the Indenture. 

W I T N E S S E T H: 

WHEREAS, the Company is the owner of that certain aircraft of the make and model set forth in Schedule I hereto as more
particularly described in the Indenture Supplement originally executed and delivered under the Indenture; 
 WHEREAS, concurrently
with the execution and delivery of this Agreement, the Company and the Loan Trustee are entering into the Indenture, pursuant to which, among other things, the Company will issue three separate series of Equipment Notes, which Equipment Notes are to
be secured by a security interest in all right, title and interest of the Company in and to the Aircraft and certain other property described in the Indenture; 

WHEREAS, pursuant to the Basic Pass Through Trust Agreement and each of the Trust Supplements set forth in Schedule III
hereto, the Pass Through Trusts in existence as of the date hereof were created and the Pass Through Certificates issued and sold; 

WHEREAS, pursuant to the Intercreditor Agreement, the Subordination Agent will hold the Equipment Notes on behalf of the Pass Through Trusts;

 NOW, THEREFORE, in consideration of the foregoing premises and the mutual agreements herein contained, and of other good and valuable
consideration the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 ARTICLE I 

DEFINITIONS 

Section 1.01. Definitions. For the purposes of this Agreement, unless the context otherwise requires, capitalized terms used but
not defined herein shall have the respective meanings set forth or incorporated by reference in Annex A. 
 Section 1.02.
Other Definitional Provisions. 
 (a) The definitions stated herein and in Annex A apply equally to both the singular
and the plural forms of the terms defined. 
 (b) All references in this Agreement to designated “Articles”,
“Sections”, “Subsections”, “Schedules”, “Exhibits”, “Annexes” and other subdivisions are to the designated Article, Section, Subsection, Schedule, Exhibit, Annex or other subdivision of this
Agreement, unless otherwise specifically stated. 
 (c) The words “herein”, “hereof” and “hereunder” and other
words of similar import refer to this Agreement as a whole and not to any particular Article, Section, Subsection, Schedule, Exhibit, Annex or other subdivision. 

(d) All references in this Agreement to a “government” are to such government and any instrumentality or agency thereof. 

(e) Unless the context otherwise requires, whenever the words “including”, “include” or “includes” are used
herein, they shall be deemed to be followed by the phrase “without limitation”. 
 (f) All references in this Agreement to a
Person shall include successors and permitted assigns of such Person. 
 ARTICLE II 

THE LOANS 

Section 2.01. The Loans. Subject to the terms and conditions of this Agreement and the Indenture, on the Closing Date, the Pass
Through Trustee for each Pass Through Trust in existence as of the Closing Date shall make a loan to the Company by paying to the Company the aggregate original principal amounts of the Equipment Notes being issued to such Pass Through Trust as set
forth on Schedule II opposite the name of such Pass Through Trust. The Pass Through Trustees, on behalf of the Pass Through Trusts in existence as of the Closing Date, shall make such loans to the Company no later than 10:00 a.m. (New York
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immediately available funds to the Company at its account at JPMorgan Chase (ABA No. 021000021), Account Number 910-1-019884, Reference: American Airlines 2016-1 EETC. 

Section 2.02. Issuance of Equipment Notes. Upon the occurrence of the above payments by the Pass Through Trustee for each Pass
Through Trust in existence as of the Closing Date to the Company, the Company shall issue, pursuant to and in accordance with Article II of the Indenture, to the Subordination Agent as agent and trustee for the Pass Through Trustee for each such
Pass Through Trust, one or more Equipment Notes of the Series, maturity and aggregate original principal amount and bearing the interest rate set forth in Schedule II opposite the name of such Pass Through Trust. Each such Equipment Note
shall be duly authenticated by the Loan Trustee pursuant to the Indenture, registered in the name of the Subordination Agent and dated the Closing Date and shall be delivered by the Loan Trustee to the Subordination Agent. In addition, subject to
Section 4(a)(v) of the Note Purchase Agreement and Section 8.01(c) or 8.01(d) of the Intercreditor Agreement, as applicable, the Company shall have the option after the Closing Date, from time to time, (i) to redeem all but not less
than all of the Series A Equipment Notes or all but not less than all of the Series B Equipment Notes (or all but not less than all of any Additional Series Equipment Notes) and to issue under the Indenture new Equipment Notes with the same Series
designation as, but with terms that may be the same as or different from those of, the redeemed Equipment Notes, (ii) to issue one or more series of Additional Series Equipment Notes under the Indenture and (iii) at any time following
payment in full of all but not less than all of the Series A Equipment Notes or all but not less than all of the Series B Equipment Notes (or all but not less than all of any Series of Additional Series Equipment Notes), to issue under the Indenture
new Equipment Notes with the same Series designation as, but with terms that may be the same as or different from those of, such Equipment Notes that have been paid in full. If new Series A Equipment Notes, new Series B Equipment Notes, new
Additional Series Equipment Notes or Additional Series Equipment Notes are so issued after the Closing Date, each Noteholder of such Equipment Notes shall be deemed to be a party hereto without further act, and shall be entitled to execute, and at
the request of the Company shall execute, a counterpart to this Agreement. 
 Section 2.03. The Closing. The closing (the
“Closing”) of the transactions contemplated hereby shall take place at the offices of Latham & Watkins LLP, 885 Third Avenue, New York, New York 10022 at 10:00 a.m. (New York City time) on January 19, 2016, or at such
other time or place as the parties shall agree. 

  
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 ARTICLE III 

CONDITIONS PRECEDENT 

Section 3.01. Conditions Precedent to Obligations of the Pass Through Trustees. The obligation of each Pass Through Trustee of
each Pass Through Trust in existence as of the Closing Date to make the loan contemplated by Article II is subject to the fulfillment (or the waiver by such Pass Through Trustee) prior to or on the Closing Date of the following conditions precedent:

 (a) Authentication. The Company shall have tendered the Equipment Notes being issued on the Closing Date to the
Loan Trustee for authentication, and the Loan Trustee shall have authenticated such Equipment Notes and shall have tendered such Equipment Notes to the Subordination Agent on behalf of the applicable Pass Through Trustee, against receipt of the loan
proceeds, in accordance with Section 2.02. 
 (b) No Changes in Law. No change shall have occurred after the date
of this Agreement in applicable law or regulations thereunder or interpretations thereof by appropriate regulatory authorities or any court that would make it a violation of law or governmental regulations for such Pass Through Trustees to make the
loans contemplated by Section 2.01 or to acquire the Equipment Notes or to realize the benefits of the security afforded by the Indenture. 

(c) Documentation. This Agreement and the following documents shall have been duly authorized, executed and delivered by
the respective party or parties thereto (other than the Pass Through Trustees or the Loan Trustee), shall be in full force and effect and executed counterparts (or copies thereof where indicated) thereof shall have been delivered to each Pass
Through Trustee: 
 (i) the Intercreditor Agreement; 

(ii) the Liquidity Facilities in effect as of the Closing Date; 

(iii) the Pass Through Trust Agreements in effect as of the Closing Date; 

(iv) the Indenture and the Indenture Supplement covering the Aircraft and dated the Closing Date; 

(v) the Manufacturer’s Consent; 

(vi) a copy of the FAA Bill of Sale; and 

(vii) a copy of the Warranty Bill of Sale. 

  
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 (d) Financing Statement. A Uniform Commercial Code financing statement or
statements covering the security interest created by the Indenture naming the Company, as debtor, and the Loan Trustee, as secured party, shall have been duly filed in all places necessary or desirable within the State of Delaware. 

(e) Certain Closing Certificates. Each such Pass Through Trustee shall have received the following: 

(i) a certificate dated the Closing Date of the Secretary or an Assistant Secretary of the Company, certifying as to
(A) a copy of the resolutions of the Board of Directors of the Company or the executive committee thereof duly authorizing the transactions contemplated hereby and the execution, delivery and performance by the Company of this Agreement
and the Indenture and each other document required to be executed and delivered by the Company in accordance with the provisions hereof or thereof and (B) a copy of the certificate of incorporation and by-laws of the Company, as in
effect on the Closing Date; 
 (ii) a certificate or other evidence from the Secretary of State of the State of Delaware,
dated as of a date reasonably near the Closing Date, as to the due incorporation and good standing of the Company in such state; 

(iii) an incumbency certificate of the Company as to the person or persons authorized to execute and deliver this Agreement,
the Indenture and each other document to be executed by the Company in connection with the transactions contemplated hereby and thereby, and the specimen signatures of such person or persons; and 

(iv) one or more certificates of the Loan Trustee and the Subordination Agent certifying to the reasonable satisfaction of such
Pass Through Trustees as to the due authorization, execution, delivery and performance by the Loan Trustee and the Subordination Agent of each of the Operative Documents to which the Loan Trustee or the Subordination Agent is or will be a party and
any other documents to be executed by or on behalf of the Loan Trustee or Subordination Agent in connection with the transactions contemplated hereby or thereby. 

(f) Representations; No Event of Default or Event of Loss. On the Closing Date, the following statements shall be
correct: (i) the representations 

  
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and warranties herein of the Company are correct in all material respects as though made on and as of such date, except to the extent that such representations and warranties relate solely to an
earlier date (in which case such representations and warranties are correct on and as of such earlier date) and (ii) no event has occurred and is continuing that constitutes an Event of Default or an Event of Loss with respect to the
Aircraft or would constitute an Event of Default or such an Event of Loss but for the requirement that notice be given or time elapse or both. 

(g) Opinions of Counsel to the Company. Each such Pass Through Trustee and the Loan Trustee shall have received
(i) an opinion addressed to it from Latham & Watkins LLP, special New York counsel to the Company, substantially in the form set forth in Exhibit A, (ii) an opinion addressed to it from Pillsbury Winthrop Shaw Pittman LLP,
special regulatory counsel to the Company, substantially in the form set forth in Exhibit E and (iii) an opinion addressed to it from Morris James LLP, special Delaware counsel to the Company, substantially in the form set forth in
Exhibit F. 
 (h) Opinion of Counsel to WTC, the Loan Trustee, the Pass Through Trustees and the Subordination
Agent. Each Pass Through Trustee and the Loan Trustee shall have received an opinion addressed to it from Morris James LLP, special counsel for WTC, the Loan Trustee, the Pass Through Trustees in existence as of the Closing Date and the
Subordination Agent, substantially in the form set forth in Exhibit B. 
 (i) Opinion of FAA Counsel. Each Pass
Through Trustee and the Loan Trustee shall have received an unexecuted opinion addressed to it from Daugherty, Fowler, Peregrin, Haught & Jenson, a Professional Corporation, special FAA counsel in Oklahoma City, Oklahoma, substantially in
the form set forth in Exhibit C to be executed and delivered promptly following the making of all appropriate filings with the FAA and the International Registry as described below. 

(j) [Intentionally Omitted] 

(k) Certification from the Company. Each such Pass Through Trustee and the Loan Trustee shall have received a
certificate or certificates signed by the chief financial or accounting officer, any Senior Vice President, the Treasurer, any Vice President or any Assistant Treasurer (or any other Responsible Officer) of the Company, dated the Closing Date,
certifying as to the correctness of each of the matters stated in Section 3.01(f). 

  
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 (l) Certification from WTC, Loan Trustee and Subordination Agent. Each
Pass Through Trustee shall have received a certificate from WTC in its individual capacity and as Loan Trustee and Subordination Agent, as applicable, dated the Closing Date, signed by an authorized officer of WTC in its individual capacity and as
Loan Trustee and Subordination Agent, as applicable, certifying for each such entity that no Loan Trustee Liens or Other Party Liens attributable to it, as applicable, exist, and further certifying as to the correctness of each of the matters stated
in Section 5.01. 
 (m) [Intentionally Omitted.] 

(n) Insurance Matters. The Loan Trustee shall have received an insurance report of an independent insurance broker and
the related certificates of insurance, each in form and substance reasonably satisfactory to the Loan Trustee, as to the compliance with the terms of Section 7.06 of the Indenture relating to insurance with respect to the Aircraft. 

(o) No Proceedings. No action or proceeding shall have been instituted nor shall governmental action be threatened
before any court or governmental agency, nor shall any order, judgment or decree have been issued or proposed to be issued by any court or governmental agency at the time of the Closing to set aside, restrain, enjoin or prevent the completion and
consummation of this Agreement or the transactions contemplated hereby. 
 (p) Funding of Pass Through Trusts. Each
such Pass Through Trustee shall have received in immediately available funds an amount at least equal to the aggregate purchase price of the Equipment Notes to be purchased from the Company by such Pass Through Trustee. 

(q) Manufacturer’s Consent. The Loan Trustee shall have received an executed copy of the Manufacturer’s
Consent substantially in the form set forth in Exhibit D. 
 (r) Governmental Approvals. All appropriate action
required to have been taken prior to the Closing Date by the FAA or any governmental or political agency, subdivision or instrumentality of the United States in connection with the transactions contemplated by this Agreement has been taken, and all
orders, permits, waivers, authorizations, exemptions and approvals of such entities required to be in effect on the Closing Date in connection with the transactions contemplated by this Agreement have been issued. 

(s) Title. The Company shall have good title to the Aircraft, free and clear of all Liens except Permitted Liens. 

(t) Satisfaction of Requirements under the Note Purchase Agreement. The requirements set forth in Section 1 of the
Note Purchase Agreement relating to the Aircraft and the Equipment Notes shall have been satisfied. 

  
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 Promptly upon the recording of the Indenture (with the Indenture Supplement attached) pursuant to
the Transportation Code and the receipt of appropriate and correct recording information from the FAA, the Company will cause Daugherty, Fowler, Peregrin, Haught & Jenson, a Professional Corporation, special FAA counsel in Oklahoma City,
Oklahoma to deliver to the Subordination Agent, to the Pass Through Trustees, to the Loan Trustee and to the Company an opinion as to the due recording of such instrument and the lack of filing of any intervening documents with respect to the
Aircraft. 
 Section 3.02. Conditions Precedent to Obligations of the Company. The obligation of the Company to issue and sell
the Equipment Notes is subject to the fulfillment (or waiver by the Company) prior to or on the Closing Date of the following conditions precedent: 

(a) No Changes in Law. No change shall have occurred after the date of this Agreement in applicable law or regulations
thereunder or interpretations thereof by appropriate regulatory authorities or any court that would make it a violation of law or governmental regulations for the Company to enter into any transaction contemplated by the Operative Documents, the
Note Purchase Agreement or the other Pass Through Documents. 
 (b) Documentation. The documents referred to in
Section 3.01(c) shall have been duly authorized, executed and delivered by the respective party or parties thereto (other than the Company), shall be in full force and effect and executed counterparts (or copies thereof where indicated) thereof
shall have been delivered to the Company, and the Company shall have received such documents and evidence with respect to WTC, each Liquidity Provider of each Liquidity Facility in effect as of the Closing Date, the Loan Trustee, the Subordination
Agent and each Pass Through Trustee of each Pass Through Trust in existence as of the Closing Date as the Company may reasonably request in order to establish the consummation of the transactions contemplated by this Agreement, the taking of all
corporate and other proceedings in connection therewith and compliance with the conditions herein set forth. 
 (c) FAA
Filing. The Indenture (with the Indenture Supplement covering the Aircraft attached) shall have been duly filed for recordation (or shall be in the process of being so duly filed for recordation) with the FAA pursuant to the Transportation Code.
The registration of the International Interests (or Prospective International Interests) created under the Indenture (as supplemented 

  
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by the Indenture Supplement with respect to the Aircraft) shall have been effected (or shall be in the process of being so effected) on the International Registry in accordance with the Cape Town
Treaty. 
 (d) Representations and Warranties. On the Closing Date, the representations and warranties herein of WTC,
the Loan Trustee, the Subordination Agent and the Pass Through Trustees of each Pass Through Trust in existence as of the Closing Date shall be correct as though made on and as of such date, except to the extent that such representations and
warranties relate solely to an earlier date (in which case such representations and warranties shall have been correct on and as of such earlier date), and, insofar as such representations and warranties concern WTC, the Loan Trustee, the
Subordination Agent or any such Pass Through Trustee, such party shall have so certified to the Company. 
 (e) Certain
Opinions and Certificates. The Company shall have received each opinion referred to in Sections 3.01(h) and 3.01(i), each such opinion addressed to the Company or accompanied by a letter from the counsel rendering such opinion authorizing the
Company to rely on such opinion as if it were addressed to the Company, and the certificates referred to in Sections 3.01(e)(iv) and 3.01(k). 

(f) [Reserved]. 

(g) No Proceedings. No action or proceeding shall have been instituted nor shall governmental action be threatened
before any court or governmental agency, nor shall any order, judgment or decree have been issued or proposed to be issued by any court or governmental agency at the time of the Closing to set aside, restrain, enjoin or prevent the completion and
consummation of this Agreement or the transactions contemplated hereby. 
 (h) No Other Party Liens, etc. The Company
shall have received a certificate from WTC dated the Closing Date, signed by an authorized officer of WTC, certifying for each Pass Through Trustee of each Pass Through Trust in existence as of the Closing Date that no Other Party Liens attributable
to it exist and further certifying as to the correctness of each of the matters stated in Section 5.01. 
 (i)
Payment for Equipment Notes. The Company shall have been paid by each Pass Through Trustee of each Pass Through Trust in existence as of the Closing Date the aggregate original principal amount of the Equipment Notes being issued to such Pass
Through Trustee as set forth on Schedule II opposite the name of such Pass Through Trust. 

  
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 ARTICLE IV 

REPRESENTATIONS, WARRANTIES AND INDEMNITIES 

OF THE COMPANY 

Section 4.01. Representations and Warranties of the Company. The Company represents and warrants that: 

(a) Organization; Authority; Qualification. The Company is a corporation duly incorporated and validly existing in good
standing under the laws of the State of Delaware, is a Certificated Air Carrier, is a Citizen of the United States, has the corporate power and authority to own or hold under lease its properties and to enter into and perform its obligations under
the Operative Documents to which it is a party and is duly qualified to do business as a foreign corporation in good standing in each other jurisdiction in which the failure to so qualify would have a material adverse effect on the consolidated
financial condition of the Company and its subsidiaries, considered as a whole, and its jurisdiction of organization (as such term is used in Article 9 of the Uniform Commercial Code as in effect in the State of Delaware) is Delaware. 

(b) Corporate Action and Authorization; No Violations. The execution, delivery and performance by the Company of this
Agreement and the other Operative Documents to which the Company is a party have been duly authorized by all necessary corporate action on the part of the Company, do not require any stockholder approval or approval or consent of any trustee or
holder of any indebtedness or obligations of the Company, except such as have been duly obtained and are in full force and effect, and do not contravene any law, governmental rule, regulation, judgment or order binding on the Company or the
certificate of incorporation or by-laws of the Company or contravene or result in a breach of, or constitute a default under, or result in the creation of any Lien (other than as permitted under the Indenture) upon the property of the Company under,
any material indenture, mortgage, contract or other agreement to which the Company is a party or by which it or any of its properties may be bound or affected. 

(c) Governmental Approvals. Neither the execution and delivery by the Company of this Agreement and the other Operative
Documents to which it is a party, nor the consummation by the Company of any of the transactions contemplated hereby or thereby, requires the authorization, consent or approval of, the giving of notice to, the filing or registration with or the
taking of any other action in respect of, the Department of Transportation, the FAA or any other federal or state governmental authority or agency, or the International Registry, except for (i) the registration of the issuance and sale
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Certificates under the Securities Act and under the securities laws of any state or other jurisdiction in which the Pass Through Certificates may be offered for sale if the laws of such state or
other jurisdiction require such action, (ii) the qualification of the Pass Through Trust Agreements under the Trust Indenture Act, (iii) the orders, permits, waivers, exemptions, authorizations and approvals of the regulatory
authorities having jurisdiction over the Company’s ownership or use of the Aircraft required to be obtained on or prior to the Closing Date, which orders, permits, waivers, exemptions, authorizations and approvals have been duly obtained and
are, or on the Closing Date will be, in full force and effect, (iv) the filings and registrations referred to in Section 4.01(e), (v) authorizations, consents, approvals, notices and filings required to be obtained,
taken, given or made under securities or Blue Sky or similar laws of the various states and foreign jurisdictions, and (vi) consents, approvals, notices, registrations and other actions required to be obtained, given, made or taken only
after the date hereof. 
 (d) Valid and Binding Agreements. This Agreement and each other Operative Document to which
the Company is a party have been duly executed and delivered by the Company and constitute the legal, valid and binding obligations of the Company enforceable against the Company in accordance with their terms, except as the same may be limited by
bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the rights of creditors generally and by general principles of equity and except, in the case of the Indenture, as limited by applicable laws that may affect the
remedies provided in the Indenture, which laws, however, do not make the remedies provided in the Indenture inadequate for the practical realization of the rights and benefits intended to be provided thereby. 

(e) Filings and Recordation. Except for (i) the filing for recordation pursuant to the Transportation Code
of the Indenture (with the Indenture Supplement covering the Aircraft attached), (ii) with respect to the security interests created by such documents, the filing of financing statements (and continuation statements at periodic
intervals) under the Uniform Commercial Code of Delaware, and (iii) the registration on the International Registry of the International Interests (or Prospective International Interests) created under the Indenture (as supplemented by
the Indenture Supplement covering the Aircraft), no further filing or recording of any document is necessary or advisable under the laws of the United States or any state thereof as of the Closing Date in order to establish and perfect the security
interest in the Aircraft created under the Indenture in favor of the Loan Trustee as against the Company and any third parties in any applicable jurisdiction in the United States. 

  
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 (f) Investment Company Act. The Company is not required to be registered
as an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 
 (g)
Title. As of the Closing Date, (i) the Company has good title to the Aircraft, free and clear of Liens other than Permitted Liens, (ii) the Aircraft has been duly certified by the FAA (subject only to the
Company’s receipt of the applicable certificate from the FAA) as to type and airworthiness in accordance with the terms of the Indenture, (iii) the Indenture (with the Indenture Supplement covering the Aircraft attached) has been
duly filed for recordation (or shall be in the process of being so duly filed for recordation) with the FAA pursuant to the Transportation Code, (iv) the Aircraft is duly registered with the FAA in the name of the Company and
(v) the registration of the International Interests (or Prospective International Interests) created under the Indenture (as supplemented by the Indenture Supplement with respect to the Aircraft) has been effected (or is in the process of being
effected) on the International Registry in accordance with the Cape Town Treaty. 
 (h) Section 1110. The Loan
Trustee shall be entitled to the benefits of Section 1110 with respect to the Aircraft being subjected to the Lien of the Indenture on the Closing Date. 

(i) Security Interest. The Indenture creates in favor of the Loan Trustee, for the benefit of the Noteholders, the
Indenture Indemnitees and the Related Indenture Indemnitees, a valid and perfected Lien on the Aircraft purported to be subjected to the Lien of the Indenture on the Closing Date, subject to no equal or prior Lien, except Permitted Liens. There are
no Liens of record with the FAA on the Aircraft being subjected to the Lien of the Indenture on the Closing Date other than the Lien of the Indenture and any Permitted Liens arising pursuant to clause (a) of the definition thereof. Other than
(x) the International Interests (or Prospective International Interests) created under the Indenture (as supplemented by the Indenture Supplement covering the Aircraft) and (y) any International Interests (or Prospective
International Interests) that appear on the International Registry as having been discharged, no International Interests with respect to the Aircraft have been registered on the International Registry as of the Closing Date. 

Section 4.02. General Indemnity. 

(a) Claims Defined. For the purposes of this Section 4.02, “Claims” shall mean any and all liabilities,
obligations, losses, damages, penalties, claims, actions, suits, costs or expenses of whatsoever kind and nature (whether or not on the basis of negligence, strict or absolute liability or liability in tort) that may be imposed on, incurred

  
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by, suffered by or asserted against an Indemnitee, as defined herein, and, except as otherwise expressly provided in this Section 4.02, shall include all reasonable out-of-pocket costs,
disbursements and expenses (including reasonable out-of-pocket legal fees and expenses) of an Indemnitee in connection therewith or related thereto. 

(b) Indemnitee Defined. For the purposes of this Section 4.02, “Indemnitee” means (i) WTC and the
Loan Trustee, (ii) each separate or additional trustee appointed pursuant to Section 8.02 of the Indenture, (iii) so long as it holds any Equipment Notes as agent and trustee of any Pass Through Trustee, the
Subordination Agent, (iv) so long as it is the holder of any Equipment Notes, each Pass Through Trustee, (v) each Liquidity Provider, (vi) any Related Noteholder, (vii) [reserved],
(viii) [reserved] and (ix) each of their respective successors and permitted assigns in such capacities, agents, servants, officers, employees and directors (the respective agents, servants, officers, employees and directors
of each of the foregoing Indemnitees, as applicable, together with such Indemnitee, being referred to herein collectively as the “Related Indemnitee Group” of such Indemnitee); provided that such Persons shall, to the extent
they are not signatories to this Agreement, have expressly agreed in writing to be bound by the terms of this Section 4.02 prior to, or concurrently with, the making of a Claim hereunder. If an Indemnitee fails to comply with any duty or
obligation under this Section 4.02 with respect to any Claim, such Indemnitee shall not, to the extent such failure was prejudicial to the Company, be entitled to any indemnity with respect to such Claim under this Section 4.02. No holder
of a Pass Through Certificate in its capacity as such holder shall be an Indemnitee for purposes hereof. 
 (c) Claims Indemnified.
Subject to the exclusions stated in Subsection 4.02(d), the Company agrees to indemnify, protect, defend and hold harmless on an After-Tax Basis each Indemnitee against Claims resulting from or arising out of the sale, purchase, acceptance,
non-acceptance or rejection of the Aircraft under the Purchase Agreement or the ownership, possession, use, non-use, substitution, airworthiness, control, maintenance, repair, operation, registration, re-registration, condition, sale, lease,
sublease, storage, modification, alteration, return, transfer or other disposition of the Aircraft, the Airframe, any Engine or any Part (including, without limitation, latent or other defects, whether or not discoverable, and any claim for patent,
trademark or copyright infringement) by the Company, any Permitted Lessee or any other Person. Without limiting the foregoing and subject to, and without duplication of, the provisions of Section 6.01(a), the Company agrees to pay the
reasonable ongoing fees, and the reasonable out-of-pocket costs and expenses of the Loan Trustee and, so long as it is the holder of any Equipment Notes, each Pass Through Trustee (including, without limitation, reasonable attorney’s fees and
disbursements and, to the extent payable as provided in the Indenture, reasonable compensation and expenses of such Person’s agents) in connection with the transactions contemplated hereby. 

  
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 (d) Claims Excluded. The following are excluded from the Company’s agreement to
indemnify an Indemnitee under this Section 4.02: 
 (i) any Claim to the extent such Claim is attributable to acts or
events occurring after (A) the Lien of the Indenture has been discharged or (B) the transfer of possession of the Aircraft pursuant to Article IV of the Indenture except to the extent that such Claim is attributable to acts
occurring in connection with the exercise of remedies pursuant to Section 4.02 of the Indenture following the occurrence and continuance of an Event of Default; provided that nothing in this clause (i) shall be deemed to release the
Company from any of its obligations under the Operative Documents that expressly provide for performance after the termination of the Indenture; 

(ii) any Claim to the extent such Claim is, or is attributable to, a Tax (or loss of any Tax benefit), except with respect to
paying any indemnity on an After-Tax Basis; 
 (iii) any Claim to the extent such Claim is attributable to the negligence or
willful misconduct of such Indemnitee or such Indemnitee’s Related Indemnitee Group; 
 (iv) any Claim to the extent
such Claim is attributable to the noncompliance by such Indemnitee or such Indemnitee’s Related Indemnitee Group with any of the terms of, or any misrepresentation by an Indemnitee or its Related Indemnitee Group contained in, this Agreement,
any other Operative Document or any Pass Through Document to which such Indemnitee or any of such Related Indemnitee Group is a party or any agreement relating hereto or thereto; 

(v) any Claim to the extent such Claim constitutes a Lien attributable to such Indemnitee; 

(vi) any Claim to the extent such Claim is attributable to the offer, sale, assignment, transfer, participation or other
disposition of any Equipment Note or Pass Through Certificate, all or any part of such Indemnitee’s interest in the Operative Documents or the Pass Through Documents or any interest in the Collateral or any similar security (whether voluntary
or involuntary) by or on behalf of such Indemnitee or its Related Indemnitee Group other than during the occurrence and continuance of an Event of Default (provided that any such offer, sale, assignment, transfer, participation or other
disposition during the occurrence and continuation of an Event of Default shall not be subject to indemnification unless it is made in accordance with the Indenture and applicable law); 

  
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 (vii) any Claim to the extent such Claim is attributable to (A) a
failure on the part of the Loan Trustee to distribute in accordance with this Agreement or any other Operative Document any amounts received and distributable by it hereunder or thereunder, (B) a failure on the part of the Subordination
Agent to distribute in accordance with the Intercreditor Agreement any amounts received and distributable by it thereunder, (C) a failure on the part of any Pass Through Trustee to distribute in accordance with the Pass Through Trust
Agreement to which it is a party any amounts received and distributable by it thereunder, (D) [reserved], (E) [reserved] or (F) [reserved]; 

(viii) any Claim to the extent such Claim is attributable to the authorization or giving or withholding of any future
amendments, supplements, waivers or consents with respect to any Operative Document or any Pass Through Document, other than such as have been requested by the Company or that occur as the result of an Event of Default, or such as are expressly
required or contemplated by the provisions of the Operative Documents or the Pass Through Documents; 
 (ix) any Claim to the
extent such Claim is (A) paid by the Company pursuant to any indemnification, compensation or reimbursement provision of any other Operative Document or any Pass Through Document (without duplication of any payment obligation of the
Company) or (B) payable or borne by a Person other than the Company pursuant to any provision of any Operative Document or any Pass Through Document; 

(x) any Claim to the extent such Claim is an ordinary and usual operating or overhead expense; 

(xi) any Claim to the extent such Claim is incurred on account of or asserted as a result of (A) any “prohibited
transaction” within the meaning of Section 406 of ERISA or Section 4975 of the Code or any foreign, federal, state, or local law which is substantially similar to the prohibited transaction provisions of Section 406 of ERISA or
Section 4975 of the Code (“Similar Law”) or (B) any breach of fiduciary duty under ERISA; 
 (xii) any
Claim to the extent such Claim is attributable to one or more of the other aircraft financed through the offering of Pass Through Certificates (in the event of doubt, any Claim shall be allocated between the Aircraft and such other aircraft in the
same proportion that the then outstanding Equipment Notes bear to the then outstanding equipment notes issued with respect to the other aircraft and held by the Pass Through Trustees); 

  
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 (xiii) any Claim to the extent such Claim is attributable to the offer or sale by
an Indemnitee (or any member of such Indemnitee’s Related Indemnitee Group) of any interest in the Aircraft, the Equipment Notes, the Pass Through Certificates, or any similar interest, in violation of the Securities Act or other applicable
federal, state or foreign securities laws (other than any thereof caused by acts or omissions of the Company of any of its affiliates); and 

(xiv) any Claim to the extent attributable to any amount which any Indemnitee expressly agrees to pay or such Indemnitee
expressly agrees shall not be paid by or be reimbursed by Company. 
 (e) Insured Claims. In the case of any Claim indemnified by the
Company hereunder that is covered by a policy of insurance maintained by the Company, each Indemnitee agrees to cooperate, at the Company’s expense, with the insurers in the exercise of their rights to investigate, defend or compromise such
Claim. 
 (f) Claims Procedure. An Indemnitee shall promptly notify the Company of any Claim as to which indemnification is sought;
provided that the failure to provide such prompt notice shall not release the Company from any of its obligations to indemnify hereunder, except to the extent that the Company is prejudiced by such failure or the Company’s
indemnification obligations are increased as a result of such failure. Such Indemnitee shall promptly submit to the Company all additional information in such Indemnitee’s possession to substantiate such request for payment to the Company as
the Company shall reasonably request. Subject to the rights of insurers under policies of insurance maintained by the Company, the Company shall have the right, at its sole cost and expense, to investigate, and the right in its sole discretion to
defend or compromise, any Claim for which indemnification is sought under this Section 4.02, and, at the Company’s expense, the Indemnitee shall cooperate with all reasonable requests of the Company in connection therewith. Such Indemnitee
shall not enter into a settlement or other compromise with respect to any Claim without the prior written consent of the Company, which consent shall not be unreasonably withheld or delayed, unless such Indemnitee waives its right to be indemnified
with respect to such Claim under this Section 4.02. Where the Company or the insurers under a policy of insurance maintained by the Company undertake the defense of an Indemnitee with respect to a Claim, no additional legal fees or expenses of
such Indemnitee in connection with the defense of such Claim shall be indemnified hereunder unless such fees or expenses were incurred at the written request of the Company or such insurers. Subject to the requirements of any policy of insurance, an
Indemnitee may participate at its own expense in any judicial proceeding controlled by the Company pursuant to the preceding provisions; provided that such party’s participation does not, in the opinion of the counsel appointed by the
Company or its insurers to conduct such proceedings, interfere with such control; and such participation shall not constitute a waiver of the indemnification provided in this Section 4.02. Notwithstanding anything to the contrary contained
herein, the Company shall not under any circumstances be liable for the fees and expenses of more than one counsel for all Indemnitees. 

  
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 (g) Subrogation. To the extent that a Claim indemnified by the Company under this
Section 4.02 is in fact paid in full by the Company or an insurer under a policy of insurance maintained by the Company, the Company or such insurer, as the case may be, shall, without any further action, be subrogated to the rights and
remedies of the Indemnitee on whose behalf such Claim was paid with respect to the transaction or event giving rise to such Claim. Such Indemnitee shall give such further assurances or agreements and shall cooperate with the Company or such insurer,
as the case may be, to permit the Company or such insurer to pursue such rights and remedies, if any, to the extent reasonably requested by the Company. So long as no Event of Default shall have occurred and be continuing, if an Indemnitee receives
any payment from any party other than the Company or its insurers, in whole or in part, with respect to any Claim paid by the Company or its insurers hereunder, it shall promptly pay over to the Company the amount received (but not an amount in
excess of the amount the Company or any of its insurers has paid in respect of such Claim). Any amount referred to in the preceding sentence that is payable to the Company shall not be paid to the Company, or, if it has been previously paid directly
to the Company, shall not be retained by the Company, if at the time of such payment an Event of Default shall have occurred and be continuing, but shall be paid to and held by the Loan Trustee as security for the obligations of the Company under
this Agreement, the Indenture and the other Operative Documents, and, if the Company agrees, shall be applied against the Company’s obligations hereunder and thereunder when and as they become due and payable and, at such time as there shall
not be continuing any such Event of Default, such amount, to the extent not previously so applied against the Company’s obligations, shall be paid to the Company. 

(h) No Guaranty. Nothing set forth in this Section 4.02 shall constitute a guarantee by the Company that the Aircraft shall at any
time have any particular value, useful life or residual value. 
 (i) Payments; Interest. Any amount payable to any Indemnitee
pursuant to this Section 4.02 shall be paid within 30 days after receipt by the Company of a written demand therefor from such Indemnitee accompanied by a written statement describing in reasonable detail the Claims that are the subject of and
basis for such indemnity and the computation of the amount payable. Any payments made pursuant to this Section 4.02 directly to an Indemnitee or to the Company, as the case may be, shall be made in immediately available funds at such bank or to
such account as is specified by the payee in written directions to the payor or, if no such directions shall have been given, by check of the payor payable to the order of the payee and mailed to the payee by certified mail, return receipt
requested, postage prepaid to its address referred to in Section 7.01. To the extent permitted by applicable law, interest at the Past Due Rate shall be paid, on demand, on any amount or indemnity not paid when due pursuant to this
Section 4.02 until the same shall be paid. Such interest shall be paid in the same manner as the unpaid amount in respect of which such interest is due. 

  
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 ARTICLE V 

REPRESENTATIONS, WARRANTIES AND COVENANTS 

OF WTC 
 Section 5.01.
Representations, Warranties and Covenants of WTC. WTC, generally, and each of the Loan Trustee, the Subordination Agent and the Pass Through Trustee of each Pass Through Trust in existence as of the Closing Date as it relates to it,
represents, warrants and covenants that: 
 (a) Organization; Authority. WTC is a Delaware trust company duly
organized and validly existing in good standing under the laws of the State of Delaware, holds a valid certificate to do business as a Delaware trust company, is eligible to be the Loan Trustee under Section 8.01(a) of the Indenture, will
promptly comply with Section 8.01(a) of the Indenture and has full power, authority and legal right to enter into and perform its obligations under each of the Operative Documents and the Pass Through Documents to which WTC, the Loan Trustee,
the Subordination Agent or such Pass Through Trustee is a party and, in its capacity as Loan Trustee and Pass Through Trustee, respectively, to authenticate the Equipment Notes and the Pass Through Certificates, respectively. WTC is qualified to act
as Loan Trustee under Section 8.01(c) of the Indenture. WTC is a Citizen of the United States (without the use of a voting trust agreement), and will resign as the Loan Trustee under the Indenture promptly after it obtains actual knowledge that
it has ceased to be such a Citizen of the United States. 
 (b) Due Authorization; No Violations. The execution,
delivery and performance by WTC, individually or in its capacity as Loan Trustee, Subordination Agent or such Pass Through Trustee, as the case may be, of this Agreement, each of the other Operative Documents and each of the Pass Through Documents
to which WTC, the Loan Trustee, the Subordination Agent or such Pass Through Trustee is a party, the performance by WTC, individually or in its capacity as Loan Trustee, Subordination Agent or such Pass Through Trustee, as the case may be, of its
obligations thereunder and the consummation on the Closing Date or the Issuance Date, as the case may be, of the transactions contemplated thereby, and the authentication of the Equipment Notes and the Pass Through Certificates, respectively, to be
delivered on the Closing Date or the Issuance Date, as the case may be: (i) have been duly authorized by all necessary action on the part of WTC, the Loan Trustee, the Subordination Agent and such Pass Through Trustee, as the case may
be, (ii) and do not violate any law or 

  
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regulation of the United States or of the state of the United States in which WTC is located and which governs the trust powers of WTC or any order, writ, judgment or decree of any court,
arbitrator or governmental authority applicable to WTC, the Loan Trustee, the Subordination Agent or such Pass Through Trustee or any of their assets, (iii) will not violate any provision of the charter of WTC and (iv) will
not violate any provision of, or constitute a default under, any mortgage, indenture, contract, agreement or undertaking to which any of WTC, the Loan Trustee, the Subordination Agent or such Pass Through Trustee is a party or by which any of them
or their respective properties may be bound or affected. 
 (c) Approvals. Neither the execution and delivery by WTC,
individually or in its capacity as Loan Trustee, Subordination Agent or Pass Through Trustee, as the case may be, of this Agreement, any other Operative Document or any Pass Through Document to which WTC, the Loan Trustee, the Subordination Agent or
such Pass Through Trustee is a party, nor the consummation by WTC, the Loan Trustee, the Subordination Agent or such Pass Through Trustee of any of the transactions contemplated hereby or thereby, requires the authorization, consent or approval of,
the giving of notice to, the filing or registration with, or the taking of any other action in respect of, (i) any governmental authority or agency of the United States or the state of the United States where WTC is located and
regulating the trust powers of WTC, or (ii) any trustee or other holder of any debt of WTC. 
 (d) Valid and
Binding Agreements. This Agreement, each other Operative Document and each Pass Through Document to which WTC, the Loan Trustee, the Subordination Agent or such Pass Through Trustee is a party have been duly executed and delivered by WTC,
individually and in its capacity as Loan Trustee, Subordination Agent or such Pass Through Trustee, as the case may be, and constitute the legal, valid and binding obligations of WTC, the Loan Trustee, the Subordination Agent and such Pass Through
Trustee, to the extent it is a party thereto, enforceable against it in accordance with its terms, except as the same may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the rights of creditors
generally and by general principles of equity. 
 (e) No Loan Trustee Liens or Other Party Liens. It unconditionally
agrees with and for the benefit of the parties to this Agreement that it will not directly or indirectly create, incur, assume or suffer to exist any Loan Trustee Lien or Other Party Lien attributable to it, and it agrees that it will, at its own
cost and expense, promptly take such action as may be necessary to discharge and satisfy in full any such Lien. 

  
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 (f) Intercreditor Agreement. The Equipment Notes to be issued to the
Subordination Agent pursuant hereto are being acquired by it to be held under the Intercreditor Agreement. 
 (g) Funds
Transfer Fees. Each of WTC, the Loan Trustee, the Subordination Agent and each Pass Through Trustee agrees that it will not impose any lifting charge, cable charge, remittance charge or any other charge or fee on any transfer by the Company of
funds to, through or by WTC, the Loan Trustee, the Subordination Agent or such Pass Through Trustee pursuant to this Agreement, any other Operative Document or any Pass Through Document, except as may be otherwise agreed to in writing by the
Company. 
 (h) Confidentiality. Each of WTC, the Loan Trustee, the Subordination Agent and any Pass Through Trustee
agrees to be bound by the terms of Section 10.16 of the Indenture. 
 (i) Certain Tax Matters. There are no Taxes
payable by WTC, the Loan Trustee, the Subordination Agent or such Pass Through Trustee imposed by the State of Delaware or any political subdivision or taxing authority thereof, in connection with the execution, delivery or performance by WTC, the
Loan Trustee, the Subordination Agent or such Pass Through Trustee of any Operative Document or any Pass Through Document (other than franchise or other taxes based on or measured by any fees or compensation received by any such Person for services
rendered in connection with the transactions contemplated by the Operative Documents or the Pass Through Documents), and there are no Taxes payable by such Pass Through Trustee imposed by the State of Delaware or any political subdivision thereof in
connection with the acquisition, possession or ownership by such Pass Through Trustee of any of the Equipment Notes (other than franchise or other taxes based on or measured by any fees or compensation received by such Pass Through Trustee for
services rendered in connection with the transactions contemplated by the Operative Documents or the Pass Through Documents) and, assuming that the Pass Through Trusts in existence as of the Closing Date will not be taxable for Federal income tax
purposes as corporations, but, rather, will be characterized for such purposes as grantor trusts or partnerships, such Pass Through Trusts will not be subject to any Taxes imposed by the State of Delaware or any political subdivision thereof. 

(j) Limitation on Situs of Activities. Except with the consent of the Company, which shall not be unreasonably withheld,
WTC will act as Pass Through Trustee, Subordination Agent and Loan Trustee solely through its offices within the State of Delaware, except for such services as may be performed for it by independent agents in the ordinary course of business, but not
directly by it, in other states. 

  
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 (k) No Proceedings. There are no pending or, to its knowledge, threatened
actions or proceedings against WTC, the Loan Trustee, the Subordination Agent or such Pass Through Trustee before any court or administrative agency which individually or in the aggregate, if determined adversely to it, would materially adversely
affect the ability of WTC, the Loan Trustee, the Subordination Agent or such Pass Through Trustee to perform its obligations under any Operative Document or any Pass Through Document. 

(l) Other Representations. The representations and warranties contained in Section 7.15 of the Basic Pass Through
Trust Agreement and Section 7.04 of each Trust Supplement are true, complete and correct as of the Closing Date. 
 ARTICLE VI

 OTHER COVENANTS AND AGREEMENTS 

Section 6.01. Other Agreements. 

(a) Fees and Expenses. The Company agrees promptly to pay (without duplication of any other obligation the Company may have to pay such
amounts) (1) the initial and annual fees and (to the extent the Loan Trustee is entitled to be reimbursed for its reasonable expenses) the reasonable expenses of the Loan Trustee in connection with the transactions contemplated hereby
and (2) the following expenses incurred by the Loan Trustee, the Subordination Agent and the Pass Through Trustees in connection with the negotiation, preparation, execution and delivery of this Agreement, the other Operative Documents
and the other documents or instruments referred to herein or therein: 
 (i) the reasonable fees, expenses and disbursements
of (A) Morris James LLP, special counsel for the Loan Trustee, the Subordination Agent and the Pass Through Trustees of the Pass Through Trusts in existence as of the Closing Date and (B) Daugherty, Fowler, Peregrin,
Haught & Jenson, a Professional Corporation, special FAA counsel in Oklahoma City, Oklahoma, in each case to the extent actually incurred; and 

(ii) all reasonable expenses actually incurred in connection with printing and document production or reproduction expenses,
and in connection with the filing of Uniform Commercial Code financing statements. 
 (b) Continuing Registration and
Re-Registration. The Loan Trustee, the Noteholders, the Subordination Agent and each Pass Through Trustee agree to execute and deliver, at the Company’s expense, all such documents and consents as the Company

  
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may reasonably request for the purpose of continuing the registration of the Aircraft at the FAA in the Company’s name or for the purpose of registering or maintaining any registration on
the International Registry in respect of the Aircraft. In addition, each of the Loan Trustee, the Subordination Agent, each Pass Through Trustee and any other Noteholder agrees, for the benefit of the Company, to cooperate with the Company in
effecting any foreign registration of the Aircraft pursuant to Section 7.02(e) of the Indenture; provided that prior to any such change in the country of registry of the Aircraft the conditions set forth in Section 7.02(e) of the
Indenture are met to the reasonable satisfaction of, or waived by, the Loan Trustee. 
 (c) Quiet Enjoyment. Each of WTC, the Loan
Trustee, the Subordination Agent, each Pass Through Trustee and any other Noteholder and the Class AA Liquidity Provider (by having entered into the Class AA Liquidity Facility), the Class A Liquidity Provider (by having entered into the
Class A Liquidity Facility) and the Class B Liquidity Provider (by having entered into the Class B Liquidity Facility) agrees that, unless an Event of Default shall have occurred and be continuing, it shall not (and shall not permit any
Affiliate or other Person claiming by, through or under it to) take any action contrary to, or otherwise in any way interfere with or disturb (and then only in accordance with the Indenture), the quiet enjoyment of the use and possession of the
Aircraft, the Airframe, any Engine or any Part by the Company or any transferee of any interest in any thereof permitted under the Indenture. 

(d) No Noteholder Liens. Each Noteholder, including, without limitation, the Subordination Agent and each Pass Through Trustee,
unconditionally agrees with and for the benefit of the parties to this Agreement that it will not directly or indirectly create, incur, assume or suffer to exist any Noteholder Liens, and such Noteholder agrees that it will, at its own cost and
expense, promptly take such action as may be necessary to discharge and satisfy in full any such Noteholder Lien; and each Noteholder hereby agrees to indemnify, protect, defend and hold harmless each Indemnitee and the Company against Claims in any
way resulting from or arising out of a breach by it of its obligations under this Section 6.01(d). 
 (e) Agreement to be Bound;
Transfer. By its acceptance of its Equipment Notes, each Noteholder unconditionally agrees for the benefit of the Company and the Loan Trustee: (i) to be bound by and to perform and comply with all of the terms of such Equipment
Notes, the Indenture and this Agreement applicable to such Noteholder; and (ii) that it will not transfer any Equipment Note (or any part thereof) to any entity unless such transfer complies with and does not violate the Transportation
Code, the Securities Act (or require registration under such Act) or any other law (including, without limitation, ERISA, the Code and Similar Law), and does not create a relationship that would be in violation thereof, or result in a
“prohibited transaction” under Section 406 of ERISA, Section 4975 of the Code or Similar Law or require qualification of an indenture under the Trust Indenture Act. 

(f) Tax Returns. Each Pass Through Trustee shall file any tax returns required to be filed by the related Pass Through Trust and the
Company shall pay the Applicable Portion of any expenses relating thereto. The Company shall be responsible for the Applicable Portion of any interest or penalties related to any Pass Through Trustee’s failure to file any such tax returns
required to be filed by the relevant Pass Through Trust, except to the extent that such failure is attributable to the gross negligence or willful misconduct of such Pass Through Trustee. For purposes of this Section 6.01(f), the
“Applicable Portion” of any amount shall equal such amount multiplied by a fraction, the numerator of which shall be the sum of the then outstanding aggregate principal amount of the Equipment Notes held by the relevant Pass Through
Trustee, and the denominator of which shall be the sum of the outstanding aggregate principal amount of all “Equipment Notes” issued under each of the “Indentures” (in each case as defined in the Intercreditor Agreement) held by
such Pass Through Trustee. 

  
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 Section 6.02. Certain Covenants of the Company. The Company covenants and agrees with
the Loan Trustee as follows: 
 (a) Further Assurances. On and after the Closing, the Company will cause to be done,
executed, acknowledged and delivered such further acts, conveyances and assurances as the Loan Trustee shall reasonably request for accomplishing the purposes of this Agreement and the other Operative Documents; provided that any instrument
or other document so executed by the Company will not expand any obligations or limit any rights of the Company in respect of the transactions contemplated by the Operative Documents. 

(b) Filing and Recordation of the Indenture; Registration of International Interests. The Company, at its own expense,
will cause the Indenture (with the Indenture Supplement covering the Aircraft attached) to be promptly filed and recorded, or filed for recording, with the FAA to the extent permitted under the Transportation Code and the rules and regulations of
the FAA thereunder. In addition, on or prior to the Closing Date, the Company will direct and, as promptly as reasonably practical, cause the registration of the International Interests (or Prospective International Interests) created under the
Indenture (as supplemented by the Indenture Supplement with respect to the Aircraft) to be effected on the International Registry in accordance with the Cape Town Treaty, and shall, as and to the extent applicable, consent to such registration upon
the issuance of a request for such consent by the International Registry. 
 (c) Maintenance of Filings. The Company,
at its expense, will take, or cause to be taken, such action with respect to the due and timely recording, filing, re-recording and refiling of the Indenture and any financing statements and any continuation statements or other instruments as are
necessary to maintain, so long as the Indenture is in effect, the perfection of the security interests created by the 

  
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Indenture or will furnish the Loan Trustee timely notice of the necessity of such action, together with such instruments, in execution form, and such other information as may be required to
enable the Loan Trustee to take such action. In addition, the Company will pay any and all recording, stamp and other similar taxes payable in the United States, and in any other jurisdiction where the Aircraft is registered, in connection with the
execution, delivery, recording, filing, re-recording and refiling of the Indenture or any such financing statements or other instruments. The Company will notify the Loan Trustee of any change in its jurisdiction of organization (as such term is
used in Article 9 of the Uniform Commercial Code as in effect in the State of Delaware) promptly after making such change or in any event within the period of time necessary under applicable law to prevent the lapse of perfection (absent refiling)
of financing statements filed under the Operative Documents. 
 (d) Maintenance of Corporate Existence. The Company
shall at all times maintain its corporate existence except as permitted by Section 6.02(e). 
 (e) Merger;
Consolidation; Transfer of Substantially All Assets. The Company shall not consolidate with or merge into any other Person or convey, transfer or lease substantially all of its assets as an entirety to any Person, unless: 

(i) the Person 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, if and to the extent required under Section 1110 in order that the Loan Trustee shall continue to be entitled to any benefits of Section 1110 with
respect to the Aircraft, be a Citizen of the United States and a Certificated Air Carrier and shall execute and deliver to the Loan Trustee an agreement containing the express assumption by such successor Person (if other than the Company) of the
due and punctual performance and observance of each covenant and condition of the Operative Documents to which the Company is a party to be performed or observed by the Company; 

(ii) immediately after giving effect to such transaction, no Event of Default shall have occurred and be continuing; and 

(iii) except in a case where the Company is the surviving Person of any merger or consolidation, the Company shall have
delivered to the Loan Trustee and each Liquidity Provider a certificate signed by a Responsible Officer of the Company stating that such consolidation, merger, conveyance, transfer or lease and the assumption agreement mentioned in clause
(i) above comply with this Section 6.02(e) and that all conditions precedent herein provided relating to such transaction have been complied with. 

  
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 Upon any consolidation or merger, or any conveyance, transfer or lease of
substantially all of the assets of the Company as an entirety in accordance with this Section 6.02(e), the successor Person formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or lease is made
shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Agreement and the other Operative Documents with the same effect as if such successor Person had been named as the Company herein. If the
Aircraft is at the time registered with the FAA, at the time of, or promptly following, any such consolidation or merger, such Person will make such filings and recordings with the FAA pursuant to the Transportation Code and registration under the
Cape Town Treaty as shall be necessary to evidence such consolidation or merger. If the Aircraft is at the time not registered with the FAA, at the time of, or promptly following, any such consolidation or merger, such Person will make such filings
and recordings with the applicable aviation authority as shall be necessary to evidence such consolidation or merger, and if the Person formed by such consolidation or into which the Company is merged is located in a “Contracting State”
(as such term is used in the Cape Town Treaty), at the time of, or promptly following, any such consolidation or merger, such Person will also make such registration under the Cape Town Treaty as shall be necessary to evidence such consolidation or
merger. 
 (f) Section 1110. The Company shall, for as long as and to the extent required under Section 1110
in order that the Loan Trustee shall be entitled to any of the benefits of Section 1110 with respect to the Aircraft, remain a Certificated Air Carrier. 

ARTICLE VII 

MISCELLANEOUS 

Section 7.01. Notices. Unless otherwise expressly specified or permitted by the terms hereof, all notices required or permitted
under the terms and provisions of this Agreement shall be in English and in writing, and given by registered or certified United States mail, overnight courier service or facsimile, and any such notice shall be effective when received (or, if
delivered by facsimile, upon completion of transmission and confirmation by the sender (by a telephone call to a representative of the recipient or by machine confirmation) that such transmission was received), and addressed as follows:
(a) if to the Company, WTC, the Loan Trustee, the Subordination Agent or any Pass Through Trustee, to its respective address (including facsimile number) set forth on Schedule I, or (b) if to any subsequent Noteholder,
addressed to such Noteholder at its address set forth in the Equipment Note Register maintained pursuant to Section 2.07 of the Indenture. 

  
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 Any party, by notice to the other parties hereto, may designate additional or different addresses
for subsequent notices or communications. Whenever the words “notice” or “notify” or similar words are used herein, they mean the provision of formal notice set forth in this Section 7.01. 

Section 7.02. Survival of Indemnities, Covenants and Agreements. The indemnities set forth in Section 4.02 of this Agreement
and the confidentiality obligations set forth in Section 5.0l(h) of this Agreement shall survive the making of the loans, the transfer of any interest by any Noteholder of its Equipment Note and the expiration or termination of any Operative
Documents (in the case of the indemnities set forth in Section 4.02 of this Agreement, to the extent arising out of acts or events occurring prior to such expiration or termination). 

Section 7.03. Governing Law. THIS AGREEMENT HAS BEEN DELIVERED IN THE STATE OF NEW YORK AND SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE. 

Section 7.04. Severability. To the extent permitted by applicable law, any provision of this Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 Section 7.05. No Oral
Modifications or Continuing Waivers; Consents. Subject to Section 9.03 of the Indenture, no terms or provisions of this Agreement may be changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the
party against which the enforcement of the change, waiver, discharge or termination is sought; provided that no such change, waiver, discharge or termination shall be effective unless a signed copy thereof is delivered to the Loan Trustee.

 Section 7.06. Effect of Headings and Table of Contents. The headings of the various Articles and Sections herein and in the
Table of Contents are for convenience of reference only and shall not define or limit any of the terms or provisions hereof. 

Section 7.07. Successors and Assigns. All covenants, agreements, representations and warranties in this Agreement by the Company,
by WTC, individually or as Loan Trustee, Subordination Agent or Pass Through Trustee, or by any Noteholder, 

  
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shall bind and inure to the benefit of and be enforceable by the Company, and subject to the terms of Section 6.02(e), its successors and permitted assigns, each Pass Through Trustee and any
successor or other trustee under the Pass Through Trust Agreement to which it is a party, the Subordination Agent and its successor under the Intercreditor Agreement and the Loan Trustee and its successor under the Indenture, whether so expressed or
not. 
 Section 7.08. Benefits of Agreement. Nothing in this Agreement, express or implied, shall give to any Person, other than
the parties hereto and their successors hereunder, any benefit or any legal or equitable right, remedy or claim under this Agreement, except as provided expressly herein. The Company agrees and acknowledges that the Indemnitees that are not parties
to this Agreement are third party beneficiaries of the indemnities by the Company contained in Section 4.02 and that each Liquidity Provider is a third party beneficiary of the Company’s representations and warranties in Section 4.01
and the covenant and agreement of the Company contained in Section 6.02(e), and that such Persons may rely on such indemnities, representations and warranties or covenants and agreements, as the case may be, to the same extent as if such
indemnities, representations and warranties or covenants and agreements were made to such Indemnitees or such Liquidity Provider, as the case may be, directly. WTC, generally, and each of the Loan Trustee, the Subordination Agent and each Pass
Through Trustee of each Pass Through Trust in existence as of the Closing Date, insofar as relating to each such Person, agrees and acknowledges that each Liquidity Provider is a third party beneficiary of the representations and warranties set
forth in Section 5.01, and that such Liquidity Provider may rely on such representations and warranties to the same extent as if such representations and warranties were made to such Liquidity Provider directly. 

Section 7.09. Counterparts. This Agreement may be executed in any number of counterparts (and each of the parties hereto shall not
be required to execute the same counterpart). Each counterpart of this Agreement including a signature page or pages executed by each of the parties hereto shall be an original counterpart of this Agreement, but all of such counterparts shall
together constitute one instrument. 
 Section 7.10. Submission to Jurisdiction. Each of the parties hereto, to the extent it
may do so under applicable law, for purposes hereof and of all other Operative Documents hereby (a) irrevocably submits itself to the non-exclusive jurisdiction of the courts of the State of New York sitting in the City of New York and
to the non-exclusive jurisdiction of the United States District Court for the Southern District of New York, for the purposes of any suit, action or other proceeding arising out of this Agreement, the subject matter hereof or any of the transactions
contemplated hereby brought by any party or parties hereto or thereto, or their successors or permitted assigns and (b) waives, and agrees not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or
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forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof or any of the transactions contemplated hereby may not be enforced in or by
such courts. 
 Section 7.11. No Petition. Each of the Company, the Loan Trustee, each Pass Through Trustee, the Subordination
Agent and any other Noteholder covenants that, (i) until one year and one day after the Series AA Equipment Notes have been paid in full, it shall not acquiesce, petition or otherwise invoke or cause or join in invoking or causing the
Class AA Pass Through Trust or any other Person to invoke the process of any governmental authority for the purpose of commencing or sustaining a case (whether voluntary or not) against the Class AA Pass Through Trust under any bankruptcy,
insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Class AA Pass Through Trust or any substantial part of its property or ordering the winding-up or liquidation
of the affairs of the Class AA Pass Through Trust, (ii) until one year and one day after the Series A Equipment Notes have been paid in full, it shall not acquiesce, petition or otherwise invoke or cause or join in invoking or causing
the Class A Pass Through Trust or any other Person to invoke the process of any governmental authority for the purpose of commencing or sustaining a case (whether voluntary or not) against the Class A Pass Through Trust under any
bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Class A Pass Through Trust or any substantial part of its property or ordering the
winding-up or liquidation of the affairs of the Class A Pass Through Trust, (iii) until one year and one day after the Series B Equipment Notes have been paid in full, it shall not acquiesce, petition or otherwise invoke or cause or
join in invoking or causing the Class B Pass Through Trust or any other Person to invoke the process of any governmental authority for the purpose of commencing or sustaining a case (whether voluntary or not) against the Class B Pass Through Trust
under any bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Class B Pass Through Trust or any substantial part of its property or ordering the
winding up or liquidation of the affairs of the Class B Pass Through Trust and (iv) if any Additional Series Equipment Notes of any series shall have been issued, until one year and one day after such Additional Series Equipment Notes have been
paid in full, it shall not acquiesce, petition or otherwise invoke or cause or join in invoking or causing the related Additional Series Pass Through Trust or any other Person to invoke the process of any governmental authority for the purpose of
commencing or sustaining a case (whether voluntary or not) against such Additional Series Pass Through Trust under any bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other
similar official of such Additional Series Pass Through Trust or any substantial part of its property or ordering the winding-up or liquidation of the affairs of such Additional Series Pass Through Trust. 

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
 28 

 Section 7.12. Section 1110. It is the intention of each of the Company, the
Noteholders (such intention being evidenced by each of their acceptance of an Equipment Note), the Loan Trustee and the other parties hereto that the security interest created by the Indenture, to the fullest extent available under applicable law,
entitles the Loan Trustee, on behalf of the Noteholders, to all of the benefits of Section 1110 with respect to the Aircraft, Airframe, Engines and Parts. 

Section 7.13. No Waiver. To the extent permitted by applicable law, no failure on the part of any party hereto to exercise, and no
delay by any party hereto in exercising, any of its respective rights, powers, remedies or privileges under this Agreement or provided at law, in equity or otherwise shall impair, prejudice or constitute a waiver of any such right, power, remedy or
privilege or be construed as a waiver of any breach hereof or default hereunder or as an acquiescence therein nor shall any single or partial exercise of any such right, power, remedy or privilege preclude any other or further exercise thereof by it
or the exercise of any other right, power, remedy or privilege by it. To the extent permitted by applicable law, no notice to or demand on any party hereto in any case shall, unless otherwise required under this Agreement, entitle such party to any
other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of any party hereto to any other or further notice, in any circumstances without notice or demand. 

Section 7.14. Further Assurances. Each party hereto shall execute, acknowledge and deliver or shall cause to be executed,
acknowledged and delivered, all such further agreements, instruments, certificates or documents, and shall do and cause to be done such further acts and things, including, without limitation, making or consenting to registrations (or discharges
thereof, as appropriate) with respect to the Indenture on the International Registry and appointing Daugherty, Fowler, Peregrin, Haught & Jenson, a Professional Corporation, as its “professional user entity” (as defined in the
Cape Town Treaty) to make or consent to any registrations (or discharges thereof, as appropriate) on the International Registry with respect to the Airframe or any Engine, in any case, as any other party hereto shall reasonably request in connection
with the administration of, or to carry out more effectively the purposes of, or to better assure and confirm to such other party the rights and benefits to be provided under this Agreement, the other Operative Documents and the Pass Through
Documents. 
 [Signature Pages Follow.] 

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
 29 

 IN WITNESS WHEREOF, the parties hereto have caused this Participation Agreement to be duly
executed by their respective officers thereunto duly authorized as of the date first above written. 
  

			
	AMERICAN AIRLINES, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	 WILMINGTON TRUST COMPANY,
 as Pass
Through Trustee under each of the Pass Through Trust Agreements

		
	By:	 	  

		 	Name:
		 	Title:
	
	 WILMINGTON TRUST COMPANY,
 as
Subordination Agent

		
	By:	 	  

		 	Name:
		 	Title:
	
	 WILMINGTON TRUST COMPANY,
 as Loan
Trustee

		
	By:	 	  

		 	Name:
		 	Title:

  
 [Signature Page to
Participation Agreement 2016-1 EETC] 
  

 Participation Agreement 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 
			
	WILMINGTON TRUST COMPANY,
	in its individual capacity solely as expressly set forth herein
		
	By:	 	  

		 	Name:
		 	Title:

  
 [Signature Page to
Participation Agreement 2016-1 EETC] 
  

 Participation Agreement 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 SCHEDULE I to 

PARTICIPATION AGREEMENT 

CERTAIN TERMS 
  

			
	Aircraft Model:	  	[Model]
		
	U.S. Registration Number:	  	[Reg. No.]
		
	Manufacturer’s Serial Number:	  	[msn]
		
	Purchase Agreement:	  	“Purchase Agreement” means [Purchase Agreement No. 1977, dated October 31, 1997, which incorporates by reference the Aircraft General Terms Agreement (AGTA-AAL), dated as of October 31, 1997, between The Boeing
Company and the Company, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms]1 [Purchase Agreement No. 1980, dated October 31, 1997, which
incorporates by reference the Aircraft General Terms Agreement (AGTA-AAL), dated as of October 31, 1997, between The Boeing Company and the Company, as the same may be amended, supplemented or otherwise modified from time to time in accordance with
its terms]2 [Purchase Agreement No. 3219, dated February 1, 2013, which incorporates by reference the Aircraft General Terms Agreement (AGTA-AAL), dated as of October 31, 1997, between The Boeing
Company and the Company, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms]3 [the Amended and
Restated

  

	1 	[To be inserted for Boeing 737-800 aircraft.] 

	2 	[To be inserted for Boeing 777-300ER aircraft.] 

	3 	 [To be inserted for Boeing 787-8 aircraft.] 

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

			
		  	A320 Family Purchase Agreement, dated as of October 2, 2007 between US Airways, Inc. and Airbus S.A.S., as amended, supplemented or otherwise modified from time to time in accordance with its terms]4.
		
	Warranty Rights:	  	“Warranty Rights” means [all right and interest of the Company in, to and under Parts 1, 2, 3, 4 and 6 of the Product Assurance Document (as defined in the Purchase Agreement), but only to the extent the same relate
to continuing rights of the Company in respect of any warranty or indemnity, express or implied, pursuant to the Product Assurance Document with respect to the Airframe, it being understood that the Warranty Rights exclude any and all other right,
title and interest of the Company in, to and under the Purchase Agreement and that the Warranty Rights and the grant of a security interest therein are subject to the terms of the Manufacturer’s Consent]5 [all right and interest of the Company in to and under the warranty rights given by the Manufacturer in respect of the Airframe to the Company pursuant to clause 12 (Warranties and Service Life
Policy) and clause 13 (Patent and Copyright Indemnity) of the Purchase Agreement, including all post-delivery rights in respect thereof insofar as they relate to the Airframe, in each case, as are specifically set forth in the
Manufacturer Consent and as are and remain available on the date hereof, it being understood that the Warranty Rights exclude any and all other right, title and interest of the

 

	4 	[To be inserted for Airbus A321 aircraft.] 

	5 	 [To be inserted for Boeing 737-800, 777-300ER and 787-8 aircraft.] 

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
 Sch. I - 2 

			
		  	Company, in, to and under the Purchase Agreement and that the Warranty Rights and the grant of a security interest therein are subject to the terms of the Manufacturer’s
Consent]6.

  

	6 	[To be inserted for Airbus A321 aircraft.] 

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
 Sch. I - 3 

 Addresses for Notices and Account Details 

 

					
	 The Company:
 American Airlines,
Inc.
	 	 American Airlines, Inc.
 4333 Amon Carter
Boulevard
 Mail Drop 5662
 Fort Worth, Texas 76155

Reference: American Airlines 2016-1 EETC
 Attention: Treasurer

Telephone: (817) 963-1234
 Facsimile: (817) 967-4318
	 	 Bank: JPMorgan Chase
 ABA No.: 021000021

Account No.: 910-1-019884
 For credit to American Airlines

Reference: American Airlines 2016-1 EETC

			
	 WTC:
 Wilmington Trust Company
	 	 Wilmington Trust Company 1100 North Market Street Wilmington, Delaware 19890

Attention: Adam Vogelsong
 Reference: American Airlines 2016-1
EETC
 Telephone: (302) 636-6472
 Facsimile: (302)
636-4149
	 	 Bank: Wilmington Trust Company
 Wilmington,
Delaware
 ABA No.: 031-100092
 Account No.: 012759-000

Attention: Corporate Trust Administration
 Reference: American
Airlines 2016-1 EETC

			
	 Loan Trustee:
 Wilmington Trust
Company
	 	 Wilmington Trust Company 1100 North Market Street Wilmington, Delaware 19890

Attention: Adam Vogelsong
 Reference: American Airlines 2016-1
EETC
 Telephone: (302) 636-6472
 Facsimile: (302)
636-4149
	 	 Bank: Wilmington Trust Company
 Wilmington,
Delaware
 ABA No.: 031-100092
 Account No.: 012759-000

Attention: Corporate Trust Administration
 Reference: American
Airlines 2016-1 EETC

			
	 Class AA Trustee:
 Wilmington Trust
Company
	 	 Wilmington Trust Company 1100 North Market Street Wilmington, Delaware 19890

Attention: Adam Vogelsong
 Reference: American Airlines 2016-1
EETC AA
 Telephone: (302) 636-6472
 Facsimile: (302)
636-4149
	 	 Bank: Wilmington Trust Company
 Wilmington,
Delaware
 ABA No.: 031-100092
 Account No.:
[            ]
 Attention: Corporate Trust Administration

Reference: American Airlines 2016-1 EETC AA

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
 Sch. I - 4 

					
	 Class A Trustee:
 Wilmington Trust
Company
	 	 Wilmington Trust Company 1100 North Market Street Wilmington, Delaware 19890

Attention: Adam Vogelsong
 Reference: American Airlines 2016-1
EETC A
 Telephone: (302) 636-6472
 Facsimile: (302)
636-4149
	 	 Bank: Wilmington Trust Company
 Wilmington,
Delaware
 ABA No.: 031-100092
 Account No.:
[            ]
 Attention: Corporate Trust Administration

Reference: American Airlines 2016-1 EETC A

			
	 Class B Trustee:
 Wilmington Trust
Company
	 	 Wilmington Trust Company 1100 North Market Street Wilmington, Delaware 19890

Attention: Adam Vogelsong
 Reference: American Airlines 2016-1
EETC B
 Telephone: (302) 636-6472
 Facsimile: (302)
636-4149
	 	 Bank: Wilmington Trust Company
 Wilmington,
Delaware
 ABA No.: 031-100092
 Account No.:
[            ]
 Attention: Corporate Trust Administration

Reference: American Airlines 2016-1 EETC B

			
	 Subordination Agent:
 Wilmington Trust
Company
	 	 Wilmington Trust Company 1100 North Market Street Wilmington, Delaware 19890

Attention: Adam Vogelsong
 Reference: American Airlines 2016-1
EETC
 Telephone: (302) 636-6472
 Facsimile: (302)
636-4149
	 	 Bank: Wilmington Trust Company
 Wilmington,
Delaware
 ABA No.: 031-100092
 Account No.:
[            ]
 Attention: Corporate Trust Administration

Reference: American Airlines 2016-1 EETC

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
 Sch. I - 5 

 SCHEDULE II to 

PARTICIPATION AGREEMENT 

EQUIPMENT NOTES, 

PURCHASERS AND ORIGINAL PRINCIPAL AMOUNTS 
  

													
	 Purchaser
	  	 Description of

Equipment Notes
	  	Maturity	  	Interest Rate	 	 	Original
Principal
Amount7	 
					
	 American Airlines Pass Through Trust 2016-1AA
	  	Series 2016-1AA [Reg. No.] Equipment Note[s]	  	January 15, 2028	  	 	3.575	% 	 	$	[        	] 
					
	 American Airlines Pass Through Trust 2016-1A
	  	Series 2016-1A [Reg. No.] Equipment Note[s]	  	January 15, 2028	  	 	4.100	% 	 	$	[        	] 
					
	 American Airlines Pass Through Trust 2016-1B
	  	Series 2016-1B [Reg. No.] Equipment Note[s]	  	January 15, 2024	  	 	5.250	% 	 	$	[        	] 

  

	7 	For each Series, to insert the amount set forth for such Series in the line captioned “At Issuance” in the “Equipment Note Ending Balance” column for such Series relating to the relevant aircraft in
Appendix V to the applicable Prospectus Supplement relating to American Airlines Pass Through Certificate, Series 2016-1. 

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 SCHEDULE III to 

PARTICIPATION AGREEMENT 

TRUST SUPPLEMENTS 

Trust Supplement No. 2016-1AA, dated as of the Issuance Date, between the Company and the Pass Through Trustee in respect of American
Airlines Pass Through Trust 2016-1AA. 
 Trust Supplement No. 2016-1A, dated as of the Issuance Date, between the Company and the Pass
Through Trustee in respect of American Airlines Pass Through Trust 2016-1A. 
 Trust Supplement No. 2016-1B, dated as of the Issuance
Date, between the Company and the Pass Through Trustee in respect of American Airlines Pass Through Trust 2016-1B. 

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 EXHIBIT A to 

PARTICIPATION AGREEMENT 
 FORM OF
OPINION OF 
 SPECIAL COUNSEL FOR THE COMPANY 

[Attached.] 

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 EXHIBIT B to 

PARTICIPATION AGREEMENT 
 FORM OF
OPINION OF 
 SPECIAL COUNSEL FOR THE LOAN TRUSTEE, THE PASS THROUGH  

TRUSTEES, THE SUBORDINATION AGENT AND WTC 

[Attached.] 

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 EXHIBIT C to 

PARTICIPATION AGREEMENT 
 FORM
OF OPINION OF SPECIAL FAA COUNSEL 
 [Attached.] 

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 EXHIBIT D to 

PARTICIPATION AGREEMENT 
 FORM
OF MANUFACTURER’S CONSENT 
 [Attached.] 

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 EXHIBIT E to 

PARTICIPATION AGREEMENT 
 FORM
OF OPINION OF REGULATORY COUNSEL 
 [Attached.] 

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 EXHIBIT F to 

PARTICIPATION AGREEMENT 
 FORM
OF OPINION OF DELAWARE COUNSEL FOR THE COMPANY 
 [Attached.] 

  
 Participation
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 ANNEX A to 

PARTICIPATION AGREEMENT 
 Indenture
and Security Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 Participation Agreement
and 
 Indenture and Security Agreement 

DEFINITIONS 

“Additional Series” or “Additional Series Equipment Notes” means Equipment Notes issued under the Indenture
and designated as a series (other than “Series AA”, “Series A”, or “Series B”) thereunder, if any, in the principal amounts and maturities and bearing interest as specified in Schedule I to the Indenture amended at the
time of original issuance of such Additional Series under the heading for such series. 
 “Additional Series Pass Through
Certificates” means the pass through certificates, if any, issued by any Additional Series Pass Through Trust (including, without limitation, any “Refinancing Certificates” (as such term is defined in the Intercreditor
Agreement”) issued by a “Refinancing Trust” described in clause (ii) of the definition of “Additional Series Pass Through Trust”). 

“Additional Series Pass Through Trust” means (i) initially, a grantor trust, if any, created pursuant to the
applicable Pass Through Trust Agreement to facilitate the issuance and sale of pass through certificates in connection with the initial issuance of any Additional Series Equipment Notes and (ii) any “Refinancing Trust” (as such
term is defined in the Intercreditor Agreement) created in connection with any subsequent repayment or redemption of such Additional Series Equipment Notes and issuance of new Additional Series Equipment Notes. 

“Additional Series Pass Through Trust Agreement” means a Trust Supplement entered into in connection with the creation of an
Additional Series Pass Through Trust, together with the Basic Pass Through Trust Agreement, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms. 

“Additional Series Pass Through Trustee” means, with respect to any Additional Series Pass Through Trust, the trustee under
the Additional Series Pass Through Trust Agreement for such Additional Series Pass Through Trust, in its capacity as pass through trustee thereunder. 

“Affiliate” means with respect to any Person, any other Person directly or indirectly controlling, controlled by or under
common control with such Person. For the purposes of this definition, “control” (including “controlled by” and “under common control with”) shall mean the power, directly or indirectly, to direct or cause the direction
of the management and policies of such Person whether through the ownership of voting securities or by contract or otherwise. In no event shall WTC be deemed to be an Affiliate of the Loan Trustee or vice versa. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 “After-Tax Basis” means that indemnity and compensation payments required to be
made on such basis will be supplemented by the Person paying the base amount by that amount which, when added to such base amount, and after deduction of all Federal, state, local and foreign Taxes required to be paid by or on behalf of the payee
with respect of the receipt or realization of the base amount and any such supplemental amounts, and after consideration of any current tax savings of such payee resulting by way of any deduction, credit or other tax benefit actually and currently
realized that is attributable to such base amount or Tax, shall net such payee the full amount of such base amount. 

“Agreement” and “Participation Agreement” mean that certain Participation Agreement ([Reg. No.]), dated on
or before the Closing Date, among the Company, WTC, the Pass Through Trustee under each Pass Through Trust Agreement in effect as of the date of execution and delivery of such Participation Agreement, the Subordination Agent and the Loan Trustee, as
the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms. 
 “Aircraft”
means the Airframe (or any Substitute Airframe or Replacement Airframe substituted therefor pursuant to Section 7.04 or Section 7.05, respectively, of the Indenture) together with the two Engines described in the Indenture Supplement
originally executed and delivered under the Indenture (or any Replacement Engine that may from time to time be substituted for any of such Engines pursuant to Section 7.04 or Section 7.05 of the Indenture), whether or not any of such
initial or substituted Engines may from time to time be installed on such Airframe or installed on any other airframe or on any other aircraft. The term “Aircraft” shall include any Replacement Aircraft. 

“Aircraft Protocol” means the official English language text of the Protocol to the Convention on International Interests in
Mobile Equipment on Matters Specific to Aircraft Equipment, adopted on November 16, 2001, at a diplomatic conference in Cape Town, South Africa, and all amendments, supplements, and revisions thereto (and from and after the effective date of
the Cape Town Treaty in the relevant country, means when referring to the Aircraft Protocol with respect to that country, the Aircraft Protocol as in effect in such country, unless otherwise indicated). 

“Airframe” means (a) the [Boeing] [Airbus] [Model] (generic model [Generic Model]) aircraft further described in
Annex A to the Indenture Supplement originally executed and delivered under the Indenture (except (i) the Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and
(ii) items installed or incorporated in or attached to such aircraft from time to time that are 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-2 

 
excluded from the definition of Parts by clauses (b), (c) and (d) thereof) and (b) any and all related Parts. The term “Airframe” shall include any
Substitute Airframe or Replacement Airframe that may from time to time be substituted for the Airframe pursuant to Section 7.04 or Section 7.05, respectively, of the Indenture. At such time as a Substitute Airframe or Replacement Airframe
shall be so substituted and the Airframe for which such substitution is made shall be released from the Lien of the Indenture, such replaced Airframe shall cease to be an Airframe under the Indenture. 

“Bankruptcy Code” means the United States Bankruptcy Code, 11 United States Code §§101 et seq., as amended
from time to time, or any successor statutes thereto. 
 “Basic Pass Through Trust Agreement” means that certain Pass
Through Trust Agreement, dated as of September 16, 2014, between the Company and WTC, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms (but does not include any Trust Supplement).

 “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 New York, New York, Fort Worth, Texas, Wilmington, Delaware, Frankfurt, Germany or, if different from the foregoing, the city and state in which the Loan Trustee, any Pass Through Trustee or the Subordination Agent maintains
its Corporate Trust Office or receives and disburses funds. 
 “Cape Town Convention” means the official English language
text of the Convention on International Interests in Mobile Equipment, adopted on November 16, 2001, at a diplomatic conference in Cape Town, South Africa, and all amendments, supplements, and revisions thereto (and from and after the effective
date of the Cape Town Treaty in the relevant country, means when referring to the Cape Town Convention with respect to that country, the Cape Town Convention as in effect in such country, unless otherwise indicated). 

“Cape Town Treaty” means, collectively, the official English language text of (a) the Convention on International
Interests in Mobile Equipment, and (b) the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment, in each case adopted on November 16, 2001, at a diplomatic conference in
Cape Town, South Africa, and from and after the effective date of the Cape Town Treaty in the relevant country, means when referring to the Cape Town Treaty with respect to that country, the Cape Town Treaty as in effect in such country, unless
otherwise indicated, and (c) all rules and regulations adopted pursuant thereto and, in the case of each of the foregoing described in clauses (a) through (c), all amendments, supplements, and revisions thereto. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-3 

 “Certificated Air Carrier” means an air carrier holding an air carrier operating
certificate issued by the Secretary of Transportation pursuant to Chapter 447 of Title 49 of the United States Code for aircraft capable of carrying ten or more individuals or 6,000 pounds or more of cargo or that otherwise is certified or
registered to the extent required to fall within the purview of Section 1110. 
 “Citizen of the United States” has
the meaning specified for such term in Section 40102(a)(15) of Title 49 of the United States Code or any similar legislation of the United States enacted in substitution or replacement therefor. 

“Claim” has the meaning specified in Section 4.02(a) of the Participation Agreement. 

“Class A Certificates” means Pass Through Certificates issued by the Class A Pass Through Trust (including, without
limitation, any “Refinancing Certificates” (as such term is defined in the Intercreditor Agreement) issued by a “Refinancing Trust” described in clause (ii) of the definition of “Class A Pass Through Trust”). 

“Class A Liquidity Facility” has the meaning set forth in the Intercreditor Agreement. 

“Class A Liquidity Provider” has the meaning set forth in the Intercreditor Agreement. 

“Class A Pass Through Trust” means (i) initially, the American Airlines Pass Through Trust 2016-1A created pursuant to
the Basic Pass Through Trust Agreement, as supplemented by Trust Supplement No. 2016-1A, dated as of the Issuance Date, between the Company and WTC, as Class A Trustee, and (ii) any “Refinancing Trust” (as such term is
defined in the Intercreditor Agreement) created in connection with any subsequent repayment or redemption of Series A Equipment Notes and issuance of new Series A Equipment Notes. 

“Class A Trustee” means the trustee for the Class A Pass Through Trust. 

“Class AA Certificates” means Pass Through Certificates issued by the Class AA Pass Through Trust. 

“Class AA Liquidity Facility” has the meaning set forth in the Intercreditor Agreement. 

“Class AA Liquidity Provider” has the meaning set forth in the Intercreditor Agreement. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-4 

 “Class AA Pass Through Trust” means the American Airlines Pass Through Trust
2016-1AA created pursuant to the Basic Pass Through Trust Agreement, as supplemented by Trust Supplement No. 2016-1AA, dated as of the Issuance Date, between the Company and WTC, as Class AA Trustee. 

“Class AA Trustee” means the trustee for the Class AA Pass Through Trust. 

“Class B Certificates” means Pass Through Certificates issued by the Class B Pass Through Trust (including, without
limitation, any “Refinancing Certificates” (as such term is defined in the Intercreditor Agreement) issued by a “Refinancing Trust” described in clause (ii) of the definition of “Class B Pass Through Trust”). 

“Class B Liquidity Facility” has the meaning set forth in the Intercreditor Agreement. 

“Class B Liquidity Provider” has the meaning set forth in the Intercreditor Agreement. 

“Class B Pass Through Trust” means (i) initially, the American Airlines Pass Through Trust 2016-1B created pursuant to
the Basic Pass Through Trust Agreement, as supplemented by Trust Supplement No. 2016-1B, dated as of the Issuance Date, between the Company, and WTC, as Class B Trustee, and (ii) any “Refinancing Trust” (as such term is defined
in the Intercreditor Agreement) created in connection with any subsequent repayment or redemption of Series B Equipment Notes and issuance of new Series B Equipment Notes. 

“Class B Trustee” means the trustee for the Class B Pass Through Trust. 

“Closing” has the meaning specified in Section 2.03 of the Participation Agreement. 

“Closing Date” means the date of the closing of the transaction contemplated by the Operative Documents. 

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

“Collateral” has the meaning specified in the granting clause of the Indenture. 

“Company” means American Airlines, Inc., and its successors and permitted assigns. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-5 

 “Compulsory Acquisition” means requisition of title or other compulsory
acquisition, capture, seizure, deprivation, confiscation or detention for any reason of the Aircraft, the Airframe or any Engine by any government that results in the loss of title or use of the Aircraft, the Airframe or any Engine by the Company
(or any Permitted Lessee) for a period in excess of 180 consecutive days, but shall exclude requisition for use not involving requisition of title. 

“Confidential Information” has the meaning specified in Section 10.16 of the Indenture. 

“Controlling Party” has the meaning specified in Section 2.06 of the Intercreditor Agreement. 

“Corporate Trust Office” has the meaning specified in Section 1.01 of the Intercreditor Agreement. 

“CRAF Program” means the Civil Reserve Air Fleet Program authorized under 10 U.S.C. Section 9511 et seq. or
any similar or substitute program under the laws of the United States. 
 “Debt Rate” means, with respect to any Series of
Equipment Notes, (i) the rate per annum specified for the applicable Series as such in Schedule I to the Indenture (as, in the case of any Equipment Notes issued after the Closing Date, such Schedule I may be amended in
connection with such issuance), and (ii) for any other purpose, with respect to any period, the weighted average interest rate per annum during such period borne by the outstanding Equipment Notes, excluding any interest payable at the
Past Due Rate. 
 “Defaulted Operative Indenture” means any Operative Indenture (the terms “Event of Default”,
“Equipment Notes” and “Payment Default” used in this definition have the meanings specified therefor in such Operative Indenture) with respect to which (i) a Payment Default has occurred and is continuing or an Event
of Default described in Section 4.01(a) of such Operative Indenture has occurred and is continuing or (ii) an Event of Default other than an Event of Default described in Section 4.01(a) of such Operative Indenture has occurred
and is continuing and, in any such case, either (x) the Equipment Notes issued thereunder have been accelerated and such acceleration has not been rescinded and annulled in accordance therewith or (y) the loan trustee under
such Operative Indenture has given the Company a notice of its intention to exercise one or more of the remedies specified in Section 4.02(a) of such Operative Indenture; provided that in the event of a bankruptcy proceeding under the
Bankruptcy Code under which the Company is a debtor, if and so long as the trustee or the debtor agrees to perform and performs all obligations of the Company under such Operative Indenture and the Equipment Notes issued thereunder in accordance
with Section 1110(a)(2) of the Bankruptcy Code and cures defaults under such Operative Indentures and Equipment Notes to the extent required by Section 1110(a)(2) of the Bankruptcy Code, such Operative Indenture shall not be a Defaulted
Operative Indenture. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-6 

 “Department of Transportation” means the United States Department of
Transportation and any agency or instrumentality of the United States government succeeding to its functions. 

“Direction” has the meaning specified in Section 2.16 of the Indenture. 

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

“EASA” means the European Aviation Safety Agency of the European Union and any successor agency. 

“Eligible Account” means an account established by and with an Eligible Institution at the request of the Loan Trustee, which
institution agrees, for all purposes of the NY UCC including Article 8 thereof, that (a) such account shall be a “securities account” (as defined in Section 8-501(a) of the NY UCC), (b) such institution is a
“securities intermediary” (as defined in Section 8-102(a)(14) of the NY UCC), (c) all property (other than cash) credited to such account shall be treated as a “financial asset” (as defined in
Section 8-102(a)(9) of the NY UCC), (d) the Loan Trustee shall be the “entitlement holder” (as defined in Section 8-102(a)(7) of the NY UCC) in respect of such account, (e) it will comply with all
entitlement orders issued by the Loan Trustee to the exclusion of the Company, (f) it will waive or subordinate in favor of the Loan Trustee all claims (including, without limitation, claims by way of security interest, lien or right of
set-off or right of recoupment), and (g) the “securities intermediary jurisdiction” (under Section 8-110(e) of the NY UCC) shall be the State of New York. 

“Eligible Institution” means the corporate trust department of (a) WTC or any other Person that becomes a
successor Loan Trustee under the Indenture, in each case, acting solely in its capacity as a “securities intermediary” (as defined in Section 8-102(a)(14) of the NY UCC), or (b) a depository institution organized under the
laws of the United States of America or any one of the states thereof or the District of Columbia (or any United States branch of a foreign bank), which has a Long-Term Rating of at least A (or its equivalent) from Moody’s and A (or its
equivalent) from S&P. 
 “Engine” means (a) each of the two [Engine Manufacturer and Model] engines
(generic manufacturer and model [Generic Manufacturer and Model]) listed by manufacturer’s serial number and further described in Annex A to the Indenture Supplement originally executed and delivered under the Indenture, whether or not from
time to time installed on the Airframe or installed on any other airframe or on any other aircraft, and (b) any Replacement Engine that may from time to time be substituted for an 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-7 

 
Engine pursuant to Section 7.04 or 7.05 of the Indenture; together in each case with any and all related Parts, but excluding items installed or incorporated in or attached to any such
engine from time to time that are excluded from the definition of Parts. At such time as a Replacement Engine shall be so substituted and the Engine for which substitution is made shall be released from the Lien of the Indenture, such replaced
Engine shall cease to be an Engine under the Indenture. 
 “Equipment Note” means and includes any equipment notes issued
under the Indenture in the form specified in Section 2.01 thereof (as such form may be varied pursuant to the terms of the Indenture) and any Equipment Note issued in exchange therefor or replacement thereof pursuant to Section 2.07 or
2.08 of the Indenture. 
 “Equipment Note Register” has the meaning specified in Section 2.07 of the Indenture. 

“Equipment Note Registrar” has the meaning specified in Section 2.07 of the Indenture. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations
promulgated and rulings issued thereunder. Section references to ERISA are to ERISA as in effect at the date of the Participation Agreement and any subsequent provisions of ERISA amendatory thereof, supplemental thereto or substituted therefor. 

“Event of Default” has the meaning specified in Section 4.01 of the Indenture. 

“Event of Loss” means, with respect to the Aircraft, Airframe or any Engine, any of the following events with respect to such
property: 
 (a) the loss of such property or of the use thereof due to destruction, damage beyond repair or rendition of such property
permanently unfit for normal use for any reason whatsoever; 
 (b) any damage to such property which results in an insurance settlement with
respect to such property on the basis of a total loss, a compromised total loss or a constructive total loss; 
 (c) the theft, hijacking or
disappearance of such property for a period in excess of 180 consecutive days; 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-8 

 (d) the requisition for use of such property by any government (other than a requisition for use
by a Government or the government of the country of registry of the Aircraft) that shall have resulted in the loss of possession of such property by the Company (or any Permitted Lessee) for a period in excess of 12 consecutive months; 

(e) the operation or location of the Aircraft, while under requisition for use by any government, in any area excluded from coverage by any
insurance policy in effect with respect to the Aircraft required by the terms of Section 7.06 of the Indenture, unless the Company shall have obtained indemnity or insurance in lieu thereof from such government; 

(f) any Compulsory Acquisition; 

(g) as a result of any law, rule, regulation, order or other action by the FAA or other government of the country of registry, the use of the
Aircraft or Airframe in the normal business of air transportation shall have been prohibited by virtue of a condition affecting all aircraft of the same type for a period of 18 consecutive months, unless the Company shall be diligently carrying
forward all steps that are necessary or desirable to permit the normal use of the Aircraft or Airframe or, in any event, if such use shall have been prohibited for a period of three consecutive years; and 

(h) with respect to an Engine only, any divestiture of title to or interest in an Engine or any event with respect to an Engine that is deemed
to be an Event of Loss with respect to such Engine pursuant to Section 7.02(a)(vii) or Section 7.05(e) of the Indenture. 
 An
Event of Loss with respect to the Aircraft shall be deemed to have occurred if an Event of Loss occurs with respect to the Airframe unless the Company elects to substitute a Replacement Airframe pursuant to Section 7.05(a)(i) of the Indenture.

 “FAA” means the United States Federal Aviation Administration and any agency or instrumentality of the United States
government succeeding to its functions. 
 “FAA Bill of Sale” means the bill of sale for the Aircraft on AC Form 8050-2 (or
such other form as may be approved by the FAA), executed by the Manufacturer in favor of the Company and recorded with the FAA. 

“Federal Funds Rate” means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at
all times be equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the
next preceding Business Day) by the Federal Reserve Bank of New York, or if such rate is not so published for any day that is a Business Day, the average of the quotations for such day for such transactions received by WTC from three Federal funds
brokers of recognized standing selected by it. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-9 

 “Government” means the government of any of Canada, France, Germany, Japan, The
Netherlands, Sweden, Switzerland, the United Kingdom or the United States and any instrumentality or agency thereof. 

“Indemnitee” has the meaning specified in Section 4.02(b) of the Participation Agreement. 

“Indenture” means that certain Indenture and Security Agreement ([Reg. No.]), dated as of the Closing Date, between the
Company and the Loan Trustee, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms, including supplementation by an Indenture Supplement pursuant to the Indenture. 

“Indenture Indemnitee” means (i) the Loan Trustee, (ii) WTC, (iii) each separate or
successor or additional trustee appointed pursuant to Section 8.02 of the Indenture, (iv) so long as it holds any Equipment Notes as agent and trustee of any Pass Through Trustee, the Subordination Agent, (v) each
Liquidity Provider, (vi) so long as it is the holder of any Equipment Notes, each Pass Through Trustee, (vii) [reserved], (viii) [reserved] and (ix) any of their respective successors and permitted
assigns in such capacities, directors, officers, employees, agents and servants. No holder of a Pass Through Certificate in its capacity as such shall be an Indenture Indemnitee. 

“Indenture Supplement” means a supplement to the Indenture, substantially in the form of Exhibit A to the Indenture, which
shall particularly describe the Aircraft, and any Substitute Airframe, Replacement Airframe and/or Replacement Engine included in the property subject to the Lien of the Indenture. 

“Intercreditor Agreement” means that certain Intercreditor Agreement, dated as of the Issuance Date, among the Pass Through
Trustees, the Liquidity Providers and the Subordination Agent, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms; provided that, for purposes of any obligations of the Company, no
amendment, modification or supplement to, or substitution or replacement of, such Intercreditor Agreement shall be effective unless consented to by the Company. 

“Interests” has the meaning specified in Section 7.06(a) of the Indenture. 

“International Interest” has the meaning ascribed to the defined term “international interest” under the Cape Town
Treaty. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-10 

 “International Registry” means the international registry established pursuant
to the Cape Town Treaty. 
 “Issuance Date” means January 19, 2016. 

“JAA” means the Joint Aviation Authorities and any successor authority. 

“Lease” means any lease permitted by the terms of Section 7.02(a) of the Indenture. 

“Lien” means any mortgage, pledge, lien, encumbrance, lease, sublease, sub-sublease or security interest. 

“Liquidity Facilities” means, collectively, the Class AA Liquidity Facility, the Class A Liquidity Facility and the
Class B Liquidity Facility. 
 “Liquidity Providers” means, collectively, the Class AA Liquidity Provider, the Class A
Liquidity Provider and the Class B Liquidity Provider. 
 “Loan Amount” has the meaning specified in Section 7.06(b)
of the Indenture. 
 “Loan Trustee” has the meaning specified in the introductory paragraph of the Indenture. 

“Loan Trustee Liens” means any Lien attributable to WTC or the Loan Trustee with respect to the Aircraft, any interest
therein or any other portion of the Collateral arising as a result of (i) claims against WTC or the Loan Trustee not related to its interest in the Aircraft or the administration of the Collateral pursuant to the Indenture,
(ii) acts of WTC or the Loan Trustee not permitted by, or the failure of WTC or the Loan Trustee to take any action required by, the Operative Documents or the Pass Through Documents, (iii) claims against WTC or the Loan
Trustee relating to Taxes or Claims that are excluded from the indemnification provided by Section 4.02 of the Participation Agreement pursuant to said Section 4.02 or (iv) claims against WTC or the Loan Trustee arising out of
the transfer by any such party of all or any portion of its interest in the Aircraft, the Collateral, the Operative Documents or the Pass Through Documents, except while an Event of Default is continuing and prior to the time that the Loan Trustee
has received all amounts due to it pursuant to the Indenture. 
 “Long-Term Rating” has the meaning specified in the
Intercreditor Agreement. 
 “Loss Payment Date” has the meaning specified in Section 7.05(a) of the Indenture. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-11 

 “Majority in Interest of Noteholders” means, as of a particular date of
determination and subject to Section 2.16 of the Indenture, the holders of at least a majority in aggregate unpaid principal amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by the Company or any
Affiliate thereof, it being understood that a Pass Through Trustee shall be considered an Affiliate of the Company as long as more than 50% in the aggregate face amount of Pass Through Certificates issued by the corresponding Pass Through Trust are
held by the Company or an Affiliate of the Company or a Pass Through Trustee is otherwise under the control of the Company or such Affiliate of the Company (unless all Equipment Notes then outstanding are held by the Company or any Affiliate
thereof, including the Pass Through Trustees which are considered Affiliates of the Company pursuant hereto)); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder,
any Noteholder of an Equipment Note or Equipment Notes may allocate, in such Noteholder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action,
vote, consent, waiver or instruction. 
 “Make–Whole Amount” means, with respect to any Equipment Note, the amount (as
determined by an independent investment banker selected by the Company (and, following the occurrence and during the continuance of an Event of Default, reasonably acceptable to the Loan Trustee)), if any, by which (i) the present value
of the remaining scheduled payments of principal and interest from the redemption date to maturity of such Equipment Note computed by discounting each such payment on a semiannual basis from its respective Payment Date (assuming a 360-day year of
twelve 30 day months) using a discount rate equal to the Treasury Yield plus the Make-Whole Spread exceeds (ii) the outstanding principal amount of such Equipment Note plus accrued but unpaid interest thereon to the date of redemption.
For purposes of determining the Make-Whole Amount, “Treasury Yield” means, at the date of determination, the interest rate (expressed as a semiannual equivalent and as a decimal rounded to the number of decimal places as appears in
the Debt Rate of such Equipment Note and, in the case of United States Treasury bills, converted to a bond equivalent yield) determined to be the per annum rate equal to the semiannual yield to maturity for United States Treasury securities maturing
on the Average Life Date and trading in the public securities market either as determined by interpolation between the most recent weekly average constant maturity, non-inflation-indexed series yield to maturity for two series of United States
Treasury securities, trading in the public securities markets, (A) one maturing as close as possible to, but earlier than, the Average Life Date and (B) the other maturing as close as possible to, but later than, the Average
Life Date, in each case as reported in the most recent H.15(519) or, if a weekly average constant maturity, non-inflation-indexed series yield to maturity for United States Treasury securities maturing on the Average Life Date is reported in the
most recent H.15(519), such weekly average yield to maturity as reported 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-12 

 
in such H.15(519). “H.15(519)” means the weekly statistical release designated as such, or any successor publication, published by the Board of Governors of the Federal Reserve
System. The date of determination of a Make-Whole Amount shall be the third Business Day prior to the applicable redemption date and the “most recent H.15(519)” means the latest H.15(519) published prior to the close of business on
the third Business Day prior to the applicable redemption date. “Average Life Date” means, for each Equipment Note to be redeemed, the date which follows the redemption date by a period equal to the Remaining Weighted Average Life
at the redemption date of such Equipment Note. “Remaining Weighted Average Life” of an Equipment Note, at the redemption date of such Equipment Note, means the number of days equal to the quotient obtained by dividing:
(i) the sum of the products obtained by multiplying (A) the amount of each then remaining installment of principal, including the payment due on the maturity date of such Equipment Note, by (B) the number of days
from and including the redemption date to but excluding the scheduled Payment Date of such principal installment by (ii) the then unpaid principal amount of such Equipment Note. 

“Make-Whole Spread” means, with respect to any Series of Equipment Notes, the percentage specified for the applicable Series
as such in Schedule I to the Indenture, as, in the case of any Series of Equipment Notes issued after the Closing Date, such Schedule I may be amended in connection with such issuance. 

“Manufacturer” means [The Boeing Company, a Delaware corporation, and its successors and assigns]1[Airbus S.A.S., a société par actions simplifiée organized and existing under the laws of the Republic of France]2.

 “Manufacturer’s Consent” means the [Manufacturer’s Consent and Agreement to Assignment of Warranties, dated as
of the Closing Date, substantially in the form of Exhibit D to the Participation Agreement]3 [Consent and Agreement to Indenture and Security Agreement substantially in the form of Exhibit D to
the Participation Agreement]4. 
 “MCMV” has the meaning specified in
Section 7.04(e) of the Indenture. 
 “Moody’s” means Moody’s Investors Service, Inc. 

 

	1 	[Include in the case of Boeing aircraft.] 

	2 	[Include in the case of Airbus aircraft.] 

	3 	[To be inserted for Boeing aircraft.] 

	4 	[To be inserted for Airbus aircraft.] 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-13 

 “Noteholder” means any Person in whose name an Equipment Note is registered on
the Equipment Note Register (including, for so long as it is the registered holder of any Equipment Notes, the Subordination Agent on behalf of the Pass Through Trustees pursuant to the provisions of the Intercreditor Agreement). 

“Noteholder Liens” means any Lien attributable to any Noteholder on or against the Aircraft, any interest therein or any
other portion of the Collateral, arising out of any claim against such Noteholder that is not related to the Operative Documents or Pass Through Documents, or out of any act or omission of such Noteholder that is not related to the transactions
contemplated by, or that constitutes a breach by such Noteholder of its obligations under, the Operative Documents or the Pass Through Documents. 

“Note Purchase Agreement” means the Note Purchase Agreement, dated as of the Issuance Date, among the Company, the
Subordination Agent and the Pass Through Trustee under each Pass Through Trust Agreement providing for, among other things, the issuance and sale of certain equipment notes, as the same may be amended, supplemented or otherwise modified from time to
time in accordance with its terms. 
 “NY UCC” means UCC as in effect in the State of New York. 

“Operative Documents” means, collectively, the Participation Agreement, the Indenture, each Indenture Supplement, the
Manufacturer’s Consent and the Equipment Notes. 
 “Operative Indentures” means, as of any date, each
“Indenture” (as such term is defined in the Note Purchase Agreement), including the Indenture, whether or not any other “Indenture” shall have been entered into before or after the date of the Indenture, but only if as of such
date all “Equipment Notes” (as defined in each such “Indenture”) are held by the “Subordination Agent” under the “Intercreditor Agreement”, as such terms are defined in each such “Indenture”. 

“Other Party Liens” means any Lien attributable to any Pass Through Trustee (other than in its capacity as Noteholder), the
Subordination Agent (other than in its capacity as Noteholder) or any Liquidity Provider on or against the Aircraft, any interest therein, or any other portion of the Collateral arising out of any claim against such party that is not related to the
Operative Documents or the Pass Through Documents, or out of any act or omission of such party that is not related to the transactions contemplated by, or that constitutes a breach by such party of its obligations under, the Operative Documents or
the Pass Through Documents. 
 “Participation Agreement” has the meaning set forth under the definition of
“Agreement”. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-14 

 “Parts” means any and all appliances, parts, instruments, appurtenances,
accessories, furnishings and other equipment of whatever nature (other than (a) complete Engines or engines, (b) any items leased or financed (other than pursuant to the Indenture) by the Company or any Permitted Lessee,
(c) Passenger Convenience Equipment and (d) cargo containers) so long as the same shall be incorporated or installed in or attached to the Airframe or any Engine or so long as the same shall be subject to the Lien of the
Indenture in accordance with the terms of Section 7.04 thereof after removal from the Airframe or any such Engine unless, in each case, the Lien of the Indenture shall not be applicable thereto in accordance with the terms of Section 7.04
of the Indenture. 
 “Pass Through Certificates” means the pass through certificates issued by any Pass Through Trust (and
any other pass through certificates for which such pass through certificates may be exchanged). 
 “Pass Through Documents”
means each Pass Through Trust Agreement, the Note Purchase Agreement, the Intercreditor Agreement and each Liquidity Facility. 

“Pass Through Trust” means each of the three separate grantor trusts that have been or will be created pursuant to the Pass
Through Trust Agreements to facilitate certain of the transactions contemplated by the Operative Documents. 
 “Pass Through Trust
Agreement” means each of the three separate Trust Supplements relating to the Pass Through Trusts, together in each case with the Basic Pass Through Trust Agreement, as the same may be amended, supplemented or otherwise modified from time
to time in accordance with its terms. 
 “Pass Through Trustee” means the trustee under each Pass Through Trust Agreement,
together with any successor in interest and any successor or other trustee appointed as provided in such Pass Through Trust Agreement. 

“Passenger Convenience Equipment” means components or systems installed on or affixed to the Airframe that are used to
provide individual telecommunications services or entertainment services to passengers aboard the Aircraft. 
 “Past Due
Rate” means the lesser of (a) with respect to (i) any payment made to a Noteholder under any Series of Equipment Notes, the Debt Rate then applicable to such Series plus 1% and (ii) any other payment made
under any Operative Document to any other Person, the Debt Rate plus 1% (computed on the basis of a year of 360 days comprised of twelve 30-day months) and (b) the maximum rate permitted by applicable law. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-15 

 “Payment Date” means, for any Equipment Note, each January 15 and
July 15, commencing with July 15, 2016. 
 “Payment Default” means the occurrence of an event that would give
rise to an Event of Default under Section 4.01(a) of the Indenture upon the giving of notice or the passing of time or both. 

“Permitted Investments” means each of (a) direct obligations of the United States and agencies thereof;
(b) obligations fully guaranteed by the United States; (c) certificates of deposit issued by, or bankers’ acceptances of, or time deposits with, any bank, trust company or national banking association incorporated or
doing business under the laws of the United States or one of the states thereof having combined capital and surplus and retained earnings of at least $100,000,000 and having a Long-Term Rating (or its Short-Term Rating equivalent) from either
Moody’s of at least Aa3 (or its equivalent) or S&P of at least AA- (or its equivalent) (or, if neither such organization then rates such institutions, an equivalent long-term rating or short-term rating from any nationally recognized rating
organization in the United States); (d) commercial paper of any holding company of a bank, trust company or national banking association described in clause (c); (e) commercial paper of companies having a Short-Term Rating
assigned to such commercial paper by either Moody’s or S&P (or, if neither such organization then rates such commercial paper, by any nationally recognized rating organization in the United States) equal to either of the two highest ratings
assigned by such organization; (f) Dollar-denominated certificates of deposit issued by, or time deposits with, the European subsidiaries of (i) any bank, trust company or national banking association described in clause (c),
or (ii) any other bank or financial institution described in clause (g), (h) or (j) below; (g) United States-issued Yankee certificates of deposit issued by, or bankers’ acceptances of, or commercial paper
issued by, any bank having combined capital and surplus and retained earnings of at least $100,000,000 and headquartered in Canada, Japan, the United Kingdom, France, Germany, Switzerland or The Netherlands and having a Long-Term Rating (or its
Short-Term Rating equivalent) from either Moody’s of at least Aa3 (or its equivalent) or S&P of at least AA- (or its equivalent) (or, if neither such organization then rates such institutions, an equivalent long-term rating or short-term
rating from any nationally recognized rating organization in the United States); (h) Dollar-denominated time deposits with any Canadian bank having a combined capital and surplus and retained earnings of at least $100,000,000 and having
a Long-Term Rating (or its Short-Term Rating equivalent) from either Moody’s of at least Aa3 (or its equivalent) or S&P of at least AA- (or its equivalent) (or, if neither such organization then rates such institutions, an equivalent
long-term rating or short-term rating from any nationally recognized rating organization in the United States); (i) Canadian Treasury Bills fully hedged to Dollars; (j) repurchase agreements with any financial institution
having combined capital and surplus and retained earnings of at least $100,000,000 collateralized by transfer of possession of any of the obligations described 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-16 

 
in clauses (a) through (i) above; (k) bonds, notes or other obligations of any state of the United States, or any political subdivision of any state, or any agencies or
other instrumentalities of any such state, including, but not limited to, industrial development bonds, pollution control revenue bonds, public power bonds, housing bonds, other revenue bonds or any general obligation bonds, that, at the time of
their purchase, such obligations have a Long-Term Rating (or its Short-Term Rating equivalent) from either Moody’s of at least Aa3 (or its equivalent) or S&P of at least AA- (or its equivalent) (or, if neither such organization then rates
such obligations, an equivalent long-term rating or short-term rating from any nationally recognized rating organization in the United States); (1) bonds or other debt instruments of any company, if such bonds or other debt instruments,
at the time of their purchase, have a Long-Term Rating (or its Short-Term Rating equivalent) from either Moody’s of at least Aa3 (or its equivalent) or S&P of at least AA- (or its equivalent) (or, if neither such organization then rates
such obligations, an equivalent long-term rating or short-term rating from any nationally recognized rating organization in the United States); (m) mortgage backed securities (i) guaranteed by the Federal National Mortgage
Association, the Federal Home Loan Mortgage Corporation or the Government National Mortgage Association or having a Long-Term Rating (or its Short-Term Rating equivalent) from either Moody’s of at least Aa3 (or its equivalent) or S&P of at
least AA- (or its equivalent) (or, if neither such organization then rates such securities, an equivalent long-term rating or short-term rating from any nationally recognized rating organization in the United States) or, if unrated, deemed to be of
a comparable quality by the Loan Trustee and (ii) having an average life not to exceed one year as determined by standard industry pricing practices presently in effect; (n) asset-backed securities having a Long-Term Rating
(or its Short-Term Rating equivalent) from either Moody’s of at least Aa3 (or its equivalent) or S&P of at least AA- (or its equivalent) (or, if neither such organization then rates such securities, an equivalent long-term rating or
short-term rating from any nationally recognized rating organization in the United States) or, if unrated, deemed to be of a comparable quality by the Loan Trustee; (o) shares of United States Securities and Exchange Commission
registered money market mutual fund(s) having a money market fund rating of at least Aaa-mf or its equivalent from Moody’s or a money market fund rating of at least AAAm or its equivalent from S&P and (p) such other investments
approved in writing by the Loan Trustee; provided that the instruments described in the foregoing clauses shall have a maturity no later than the earlier of (i) 365 days following the date of their purchase and (ii) the
date when such investments may be required for distribution. The bank acting as the Pass Through Trustee or the Loan Trustee is hereby authorized, in making or disposing of any investment described herein, to deal with itself (in its individual
capacity) or with any one or more of its affiliates, whether it or such affiliate is acting as an agent of the Pass Through Trustee or the Loan Trustee or for any third person or dealing as principal for its own account. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-17 

 “Permitted Lessee” means any Person to whom the Company is permitted to lease
the Airframe or any Engine pursuant to Section 7.02(a)(viii) or (ix) of the Indenture. 
 “Permitted Lien” has
the meaning specified in Section 7.01 of the Indenture. 
 “Person” means any person, including any individual,
corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, trustee, unincorporated organization or government or any agency or political subdivision thereof. 

“Prospective International Interest” has the meaning ascribed to the defined term “prospective international
interest” under the Cape Town Treaty. 
 “Purchase Agreement” means the Purchase Agreement as described in Schedule
I to the Participation Agreement. 
 “Rating Agencies” has the meaning specified in the Intercreditor Agreement. 

“Related Additional Series Equipment Note” means, with respect to any particular series of Additional Series Equipment Notes
and as of any date, an “Additional Series Equipment Note,” as defined in each Related Indenture, having the same designation (i.e., “Series C” or the like) as such Additional Series Equipment Notes, but only if as of such
date it is held by the “Subordination Agent” under the “Intercreditor Agreement,” as such terms are defined in such Related Indenture. 

“Related Equipment Note” means, as of any date, an “Equipment Note” as defined in each Related Indenture, but only
if as of such date it is held by the “Subordination Agent” under the “Intercreditor Agreement”, as such terms are defined in such Related Indenture. 

“Related Indemnitee Group” has the meaning specified in Section 4.02(b) of the Participation Agreement. 

“Related Indenture” means each Operative Indenture (other than the Indenture). 

“Related Indenture Bankruptcy Default” means any “Event of Default” under Section 4.01(f), (g), (h) or
(i) of any Related Indenture, determined without giving effect to any applicable grace period. 
 “Related Indenture Event of
Default” means any “Event of Default” under any Related Indenture. 
 “Related Indenture Indemnitee”
means each Related Noteholder. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-18 

 “Related Loan Trustee” means the “Loan Trustee” as defined in each
Related Indenture. 
 “Related Make-Whole Amount” means the “Make-Whole Amount”, as defined in each Related
Indenture. 
 “Related Noteholder” means a registered holder of a Related Equipment Note. 

“Related Secured Obligations” means, as of any date, the outstanding principal amount of the Related Equipment Notes issued
under each Related Indenture, the accrued and unpaid interest (including, to the extent permitted by applicable law, post-petition interest and interest on any overdue amounts) due thereon in accordance with such Related Indenture as of such date,
the Related Make-Whole Amount, if any, with respect thereto due thereon in accordance with such Related Indenture as of such date, and any other amounts payable as of such date under the “Operative Documents” (as defined in each Related
Indenture). 
 “Related Series A Equipment Note” means, as of any date, a “Series A Equipment Note”, as defined
in each Related Indenture, but only if as of such date it is held by the “Subordination Agent” under the “Intercreditor Agreement”, as such terms are defined in such Related Indenture. 

“Related Series AA Equipment Note” means, as of any date, a “Series AA Equipment Note”, as defined in each Related
Indenture, but only if as of such date it is held by the “Subordination Agent” under the “Intercreditor Agreement”, as such terms are defined in such Related Indenture. 

“Related Series B Equipment Note” means, as of any date, a “Series B Equipment Note”, as defined in each Related
Indenture, but only if as of such date it is held by the “Subordination Agent” under the “Intercreditor Agreement”, as such terms are defined in such Related Indenture. 

“Replacement Aircraft” means the Aircraft of which a Substitute Airframe or Replacement Airframe is part. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-19 

 “Replacement Airframe” means [a Boeing] [an Airbus] [A321]5 [737-800]6 [777-300ER]7 [787-8]8
aircraft or a comparable or improved model of the Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) items installed or incorporated
in or attached to such airframe from time to time that are excluded from the definition of Parts by clauses (b), (c) and (d) thereof), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.05 thereof,
together with all Parts relating to such aircraft. 
 “Replacement Engine” means a [Engine Manufacturer and Model] engine
(or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that
shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine
from time to time that are excluded from the definition of Parts. 
 “Replacement Liquidity Facility” has the meaning set
forth in the Intercreditor Agreement. 
 “Replacement Liquidity Provider” has the meaning set forth in the Intercreditor
Agreement. 
 “Responsible Officer” means, with respect to the Company, its Chairman of the Board, its President, any
Senior Vice President, the Chief Financial Officer, any Vice President, the Treasurer, the Assistant Treasurer, the Secretary or any other management employee (a) whose power to take the action in question has been authorized, directly
or indirectly, by the Board of Directors of the Company, (b) working directly under the supervision of its Chairman of the Board, its President, any Senior Vice President, the Chief Financial Officer, any Vice President, the Treasurer or
the Secretary and (c) whose responsibilities include the administration of the transactions and agreements contemplated by the Participation Agreement and the Indenture. 

“S&P” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC
business. 
 “Section 1110” means Section 1110 of the Bankruptcy Code. 

“Secured Obligations” has the meaning specified in Section 2.06 of the Indenture. 

“Securities Account” has the meaning specified in Section 3.07 of the Indenture. 

 

	5 	[To be inserted for Airbus A321 aircraft.] 

	6 	[To be inserted for Boeing 737-800 aircraft.] 

	7 	[To be inserted for Boeing 777-300ER aircraft.] 

	8 	 [To be inserted for Boeing 787-8 aircraft.] 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-20 

 “Securities Act” means the Securities Act of 1933, as amended from time to time.

 “Securities Intermediary” has the meaning specified in Section 3.07 of the Indenture. 

“Series” means any series of Equipment Notes, including the Series AA Equipment Notes, the Series A Equipment Notes, the
Series B Equipment Notes or any Additional Series Equipment Notes. 
 “Series A” or “Series A Equipment
Notes” means Equipment Notes issued and designated as “Series A Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading
“Series A Equipment Notes” and bearing interest at the Debt Rate for Series A Equipment Notes specified in Schedule I to the Indenture. 

“Series AA” or “Series AA Equipment Notes” means Equipment Notes issued and designated as “Series AA
Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series AA Equipment Notes” and bearing interest at the Debt Rate for Series AA
Equipment Notes specified in Schedule I to the Indenture. 
 “Series B” or “Series B Equipment
Notes” means Equipment Notes issued and designated as “Series B Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading
“Series B Equipment Notes” and bearing interest at the Debt Rate for Series B Equipment Notes specified in Schedule I to the Indenture. 

“Short-Term Rating” has the meaning specified in the Intercreditor Agreement. 

“Specified Person” has the meaning specified in Section 7.06(a) of the Indenture. 

“Subordination Agent” has the meaning specified in the introductory paragraph to the Participation Agreement. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-21 

 “Substitute Airframe” means [an Airbus A321]9 [a Boeing 737-800]10 [a Boeing 777-300ER]11 [a Boeing 787-8]12 aircraft (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) items installed or incorporated in
or attached to such airframe from time to time that are excluded from the definition of Parts by clauses (b), (c) and (d) thereof), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 thereof,
together with all Parts relating to such aircraft. 
 “Tax” and “Taxes” mean all governmental fees
(including, without limitation, license, filing and registration fees) and all taxes (including, without limitation, franchise, excise, stamp, value added, income, gross receipts, sales, use and property taxes), withholdings, assessments, levies,
imposts, duties or charges, of any nature whatsoever, together with any related penalties, fines, additions to tax or interest thereon imposed, withheld, levied or assessed by any country, taxing authority or governmental subdivision thereof or
therein or by any international authority, including any taxes imposed on any Person as a result of such Person being required to collect and pay over withholding taxes. 

“Transportation Code” means that portion of Title 49 of the United States Code comprising those provisions formerly referred
to as the Federal Aviation Act of 1958, as amended, or any subsequent legislation that amends, supplements or supersedes such provisions. 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended from time to time. 

“Trust Supplements” means (i) those agreements supplemental to the Basic Pass Through Trust Agreement referred to in
Schedule III to the Participation Agreement as of the Closing Date and (ii) in the case of (x) any new Class A Certificates or Class B Certificates issued in connection with any subsequent repayment or redemption of any Series
A Equipment Notes or Series B Equipment Notes, as the case may be, or (y) any Additional Series Pass Through Certificates, if issued, whether in connection with the initial issuance of any Additional Series Equipment Notes or in connection with
any subsequent redemption of any Additional Series Equipment Notes, an agreement supplemental to the Basic Pass Through Trust Agreement pursuant to which (a) a separate trust is created for the benefit of the holders of such Class A
Certificates, Class B Certificates or Additional Series Pass Through Certificates, (b) the issuance of such Class A Certificates, Class B Certificates or Additional Series Pass Through Certificates representing fractional undivided
interests in the Class A Certificates, Class B Certificates or Additional Series Pass Through Trust, as applicable, is authorized and (c) the terms of such Class A Certificates, Class B Certificates or Additional Series Pass
Through Certificates are established. 
  

	9 	[To be inserted for Airbus A321 aircraft.] 

	10 	[To be inserted for Boeing 737-800 aircraft.] 

	11 	[To be inserted for Boeing 777-300ER aircraft.] 

	12 	 [To be inserted for Boeing 787-8 aircraft.] 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-22 

 “UCC” means the Uniform Commercial Code as in effect in any applicable
jurisdiction. 
 “Underwriter” means each of the underwriters identified as such in the Underwriting Agreement. 

“Underwriting Agreement” means that certain Underwriting Agreement, dated as of January 12, 2016, between the Company
and Goldman, Sachs & Co., as representative of the underwriters named therein, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms. 

“United States” means the United States of America. 

“Warranty Bill of Sale” means the warranty (as to title) bill of sale covering the Aircraft, executed by the Manufacturer in
favor of the Company and specifically referring to each Engine, as well as the Airframe, constituting a part of the Aircraft. 

“Warranty Rights” means the Warranty Rights as described in Schedule I to the Participation Agreement. 

“WTC” has the meaning specified in the introductory paragraph to the Participation Agreement. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-23 

 EXHIBIT C to 

NOTE PURCHASE AGREEMENT 
 FORM
OF INDENTURE 
 [Attached.] 

  

					
		  		  	Note Purchase Agreement
		  		  	American Airlines 2016-1 Aircraft EETC

 Final Form 
  

 
  

INDENTURE AND SECURITY AGREEMENT 

([Reg. No.]) 
 Dated as of
January 19, 2016 
 between 

AMERICAN AIRLINES, INC., 
 and

 WILMINGTON TRUST COMPANY, 

as Loan Trustee 
  

 
 * 

One [Aircraft Manufacturer and Model] 

(Generic Manufacturer and Model [Generic Manufacturer and Model]) Aircraft 

U.S. Registration No. [Reg. No.] 
  

 
  

  
 Indenture and Security
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 Table of Contents 

 

					
	 	  	Page	 
		
	 ARTICLE I DEFINITIONS
	  	 	6	  
		
	 Section 1.01. Definitions
	  	 	6	  
	 Section 1.02. Other Definitional Provisions
	  	 	6	  
		
	 ARTICLE II THE EQUIPMENT NOTES
	  	 	7	  
		
	 Section 2.01. Form of Equipment Notes
	  	 	7	  
	 Section 2.02. Issuance and Terms of Equipment Notes
	  	 	12	  
	 Section 2.03. Method of Payment
	  	 	14	  
	 Section 2.04. Withholding Taxes
	  	 	16	  
	 Section 2.05. Application of Payments
	  	 	16	  
	 Section 2.06. Termination of Interest in Collateral
	  	 	16	  
	 Section 2.07. Registration, Transfer and Exchange of Equipment Notes
	  	 	17	  
	 Section 2.08. Mutilated, Destroyed, Lost or Stolen Equipment Notes
	  	 	18	  
	 Section 2.09. Payment of Expenses on Transfer; Cancellation
	  	 	19	  
	 Section 2.10. Mandatory Redemption of Equipment Notes
	  	 	19	  
	 Section 2.11. Voluntary Redemption of Equipment Notes
	  	 	19	  
	 Section 2.12. Redemptions; Notice of Redemptions; Repurchases
	  	 	21	  
	 Section 2.13. Subordination
	  	 	21	  
	 Section 2.14. Certain Payments
	  	 	23	  
	 Section 2.15. Repayment of Monies for Equipment Note Payments Held by the Loan Trustee
	  	 	25	  
	 Section 2.16. Directions by the Subordination Agent
	  	 	26	  
		
	 ARTICLE III RECEIPT, DISTRIBUTION AND APPLICATION OF INCOME FROM THE COLLATERAL
	  	 	26	  
		
	 Section 3.01. Basic Distributions
	  	 	26	  
	 Section 3.02. Event of Loss; Mandatory Redemption; Voluntary Redemption
	  	 	28	  
	 Section 3.03. Payments After Event of Default
	  	 	29	  
	 Section 3.04. Certain Payments
	  	 	35	  
	 Section 3.05. Payments to the Company
	  	 	35	  
	 Section 3.06. Cooperation
	  	 	35	  
	 Section 3.07. Securities Account
	  	 	36	  
		
	 ARTICLE IV EVENTS OF DEFAULT; REMEDIES OF LOAN TRUSTEE
	  	 	37	  
		
	 Section 4.01. Events of Default
	  	 	37	  
	 Section 4.02. Remedies
	  	 	39	  
	 Section 4.03. Remedies Cumulative
	  	 	43	  
	 Section 4.04. Discontinuance of Proceedings
	  	 	43	  
	 Section 4.05. Waiver of Past Defaults
	  	 	44	  
	 Section 4.06. Noteholders May Not Bring Suit Except Under Certain Conditions
	  	 	44	  
	 Section 4.07. Appointment of a Receiver
	  	 	45	  

  
 Indenture and Security
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
 i 

 Table of Contents 

(continued) 
  

					
	 	  	Page	 
		
	 ARTICLE V DUTIES OF THE LOAN TRUSTEE
	  	 	45	  
		
	 Section 5.01. Notice of Event of Default
	  	 	45	  
	 Section 5.02. Action upon Instructions; Certain Rights and Limitations
	  	 	46	  
	 Section 5.03. Indemnification
	  	 	46	  
	 Section 5.04. No Duties Except as Specified in Indenture or Instructions
	  	 	47	  
	 Section 5.05. No Action Except under Indenture or Instructions
	  	 	47	  
	 Section 5.06. Investment of Amounts Held by the Loan Trustee
	  	 	47	  
		
	 ARTICLE VI THE LOAN TRUSTEE
	  	 	48	  
		
	 Section 6.01. Acceptance of Trusts and Duties
	  	 	48	  
	 Section 6.02. Absence of Certain Duties
	  	 	48	  
	 Section 6.03. No Representations or Warranties as to the Documents
	  	 	49	  
	 Section 6.04. No Segregation of Monies; No Interest
	  	 	49	  
	 Section 6.05. Reliance; Agents; Advice of Counsel
	  	 	49	  
	 Section 6.06. Instructions from Noteholders
	  	 	50	  
		
	 ARTICLE VII OPERATING COVENANTS OF THE COMPANY
	  	 	50	  
		
	 Section 7.01. Liens
	  	 	50	  
	 Section 7.02. Possession, Operation and Use, Maintenance and Registration
	  	 	51	  
	 Section 7.03. Inspection
	  	 	59	  
	 Section 7.04. Replacement and Pooling of Parts; Alterations, Modifications and Additions; Airframe and Engine
Substitutions
	  	 	60	  
	 Section 7.05. Loss, Destruction or Requisition
	  	 	65	  
	 Section 7.06. Insurance
	  	 	72	  
		
	 ARTICLE VIII SUCCESSOR AND ADDITIONAL TRUSTEES
	  	 	79	  
		
	 Section 8.01. Resignation or Removal; Appointment of Successor
	  	 	79	  
	 Section 8.02. Appointment of Additional and Separate Trustees
	  	 	80	  
		
	 ARTICLE IX AMENDMENTS AND WAIVERS
	  	 	82	  
		
	 Section 9.01. Amendments to this Indenture without Consent of Holders
	  	 	82	  
	 Section 9.02. Amendments to this Indenture with Consent of Holders
	  	 	84	  
	 Section 9.03. Amendments, Waivers, Etc. of the Participation Agreement
	  	 	85	  
	 Section 9.04. Revocation and Effect of Consents
	  	 	86	  
	 Section 9.05. Notation on or Exchange of Equipment Notes
	  	 	86	  
	 Section 9.06. Trustee Protected
	  	 	86	  
	 Section 9.07. No Consent of Individual Indenture Indemnitees Required
	  	 	86	  

  
 Indenture and Security
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
 ii 

 Table of Contents 

(continued) 
  

					
	 	  	Page	 
		
	 ARTICLE X MISCELLANEOUS
	  	 	86	  
		
	 Section 10.01. Termination of Indenture
	  	 	86	  
	 Section 10.02. No Legal Title to Collateral in the Noteholders
	  	 	87	  
	 Section 10.03. Sale of Aircraft by Loan Trustee Is Binding
	  	 	87	  
	 Section 10.04. Indenture for Benefit of Company, Noteholders, Loan Trustee, Other Indenture Indemnitees and Related Indenture
Indemnitees
	  	 	87	  
	 Section 10.05. Notices
	  	 	88	  
	 Section 10.06. Severability
	  	 	89	  
	 Section 10.07. No Oral Modification or Continuing Waivers
	  	 	89	  
	 Section 10.08. Successors and Assigns
	  	 	89	  
	 Section 10.09. Headings
	  	 	89	  
	 Section 10.10. Normal Commercial Relations
	  	 	89	  
	 Section 10.11. Voting by Noteholders
	  	 	90	  
	 Section 10.12. Section 1110
	  	 	90	  
	 Section 10.13. The Company’s Performance and Rights
	  	 	90	  
	 Section 10.14. Counterparts
	  	 	90	  
	 Section 10.15. Governing Law
	  	 	90	  
	 Section 10.16. Confidential Information
	  	 	91	  
	 Section 10.17. Submission to Jurisdiction
	  	 	91	  

  

					
	Exhibit A	  	—	  	Form of Indenture Supplement
	Exhibit B	  	—	  	List of Permitted Countries
	Exhibit C	  	—	  	Aircraft Type Values for Section 7.06(b)
	Schedule I	  	—	  	Description of Equipment Notes
	Schedule II	  	—	  	Pass Through Trust Agreement and Pass Through Trust Supplements
	Annex A	  	—	  	Definitions

  
 Indenture and Security
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
 iii 

 INDENTURE AND SECURITY AGREEMENT 

([Reg. No.]) 
 This
INDENTURE AND SECURITY AGREEMENT ([Reg. No.]), dated as of January 19, 2016, is made by and between AMERICAN AIRLINES, INC., a Delaware corporation (together with its successors and permitted assigns, the “Company”), and
WILMINGTON TRUST COMPANY, a Delaware trust company, not in its individual capacity, except as expressly stated herein, but solely as Loan Trustee hereunder (together with its permitted successors hereunder, the “Loan Trustee”). 

W I T N E S S E T H: 

WHEREAS, the parties desire by this Indenture (such term and other capitalized terms used herein without definition being defined as
provided in Article I), among other things, to provide for (i) the issuance by the Company of the Equipment Notes specified on Schedule I hereto and Additional Series and (ii) the assignment, mortgage and pledge by the
Company to the Loan Trustee, as part of the Collateral hereunder, among other things, of all of the Company’s estate, right, title and interest in and to the Aircraft, as security for, among other things, the Company’s obligations to the
Loan Trustee, for the equal and proportionate benefit and security of the Noteholders, the Indenture Indemnitees and the Related Indenture Indemnitees, subject to Section 2.13 and Article III; 

WHEREAS, all things have been done to make the Equipment Notes of the Series listed on Schedule I hereto (as, in the case of any
Equipment Notes issued after the Closing Date, such Schedule I may be amended in connection with such issuance), when executed by the Company and authenticated and delivered by the Loan Trustee hereunder, the valid, binding and enforceable
obligations of the Company; and 
 WHEREAS, all things necessary to make this Indenture a legal, valid and binding obligation of the
Company for the uses and purposes herein set forth, in accordance with its terms, have been done and performed and have occurred; 
 GRANTING
CLAUSE 
 NOW, THEREFORE, (x) to secure (i) the prompt and complete payment (whether at stated maturity, by
acceleration or otherwise) of principal of, interest on (including interest on any overdue amounts), and Make-Whole Amount, if any, with respect to, and all other amounts due under, the Equipment Notes, (ii) all other amounts payable by
the Company under the Operative Documents and (iii) the performance and observance by the Company of all the agreements and covenants to be performed or observed by the Company for the benefit of the Noteholders and the Indenture
Indemnitees contained in the Operative Documents, and (y) to secure the Related Secured 

  
 Indenture and Security
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 
Obligations, and in consideration of the premises and of the covenants contained in the Operative Documents and the Related Indentures, and for other good and valuable consideration given by the
Noteholders, the Indenture Indemnitees and the Related Indenture Indemnitees to the Company at or before the Closing Date, the receipt and adequacy of which are hereby acknowledged, the Company does hereby grant, bargain, sell, convey, transfer,
mortgage, assign, pledge and confirm unto the Loan Trustee and its successors in trust and permitted assigns, for the security and benefit of the Noteholders, the Indenture Indemnitees and the Related Indenture Indemnitees, a first priority security
interest in, and mortgage lien on, all estate, right, title and interest of the Company in, to and under, all and singular, the following described properties, rights, interests and privileges, whether now owned or hereafter acquired (which,
collectively, together with all property hereafter specifically subject to the Lien of this Indenture by the terms hereof or any supplement hereto, are included within, and are referred to as, the “Collateral”): 

(1) the Aircraft, including the Airframe and the Engines, whether or not any such Engine may from time to time be installed on
the Airframe or any other airframe or any other aircraft, and any and all Parts relating thereto, and, to the extent provided herein, all substitutions and replacements of, and additions, improvements, accessions and accumulations to, the Aircraft,
including the Airframe, the Engines and any and all Parts (in each case other than any substitutions, replacements, additions, improvements, accessions and accumulations that constitute items excluded from the definition of Parts by clauses (b),
(c) and (d) thereof) relating thereto (such Airframe and Engines as more particularly described in the Indenture Supplement executed and delivered with respect to the Aircraft on the Closing Date or with respect to any substitutions or
replacements therefor), and together with all flight records, logs, manuals, maintenance data and inspection, modification and overhaul records at any time required to be maintained with respect to the Aircraft in accordance with the rules and
regulations of the FAA if the Aircraft is registered under the laws of the United States or the rules and regulations of the government of the country of registry if the Aircraft is registered under the laws of a jurisdiction other than the United
States; 
 (2) [the Warranty Rights, together with all rights, powers, privileges, options and other benefits of the Company
in respect of such Warranty Rights]1[the Warranty Rights, together with all rights, powers, privileges, options and other benefits of the Company under the same]2; 
  

	1 	To be inserted for Airbus aircraft. 

	2 	To be inserted for Boeing aircraft. 

  
 Indenture and Security
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
 2 

 (3) all requisition proceeds with respect to the Aircraft, the Airframe, any
Engine or any Part thereof, and all insurance proceeds with respect to the Aircraft, the Airframe, any Engine or any Part thereof, but excluding all proceeds of, and rights under, any insurance maintained by the Company and not required, or in
excess of that required, under Section 7.06(b); 
 (4) all moneys and securities held by the Loan Trustee pursuant to
subclause (xi) of clause “third” of Section 3.03, all rents, revenues and other proceeds collected by the Loan Trustee pursuant to Section 4.02(a), all moneys and securities from time to time paid or deposited or required to
be paid or deposited to or with the Loan Trustee by or for the account of the Company pursuant to any term of any Operative Document and held or required to be held by the Loan Trustee hereunder or thereunder, including the Securities Account and
all monies and securities deposited into the Securities Account; and 
 (5) all proceeds of the foregoing; 

PROVIDED, HOWEVER, that notwithstanding any of the foregoing provisions, so long as no Event of Default shall have occurred and be continuing,
the Company shall have the right, to the exclusion of the Loan Trustee, (i) to quiet enjoyment of the Aircraft, the Airframe, the Parts and the Engines, and to possess, use, retain and control the Aircraft, the Airframe, the Parts and
the Engines and all revenues, income and profits derived therefrom and (ii) with respect to the Warranty Rights, to exercise in the Company’s name all rights and powers of the Buyer (as defined in the Purchase Agreement) under the
Warranty Rights and to retain any recovery or benefit resulting from the enforcement of any warranty or indemnity or other obligation under the Warranty Rights; provided, further, that notwithstanding the occurrence and continuation of
an Event of Default, the Loan Trustee shall not enter into any amendment or modification of the Purchase Agreement that would alter the rights, benefits or obligations of the Company thereunder; 

TO HAVE AND TO HOLD all and singular the aforesaid property unto the Loan Trustee, and its successors and permitted assigns, in trust for the
equal and proportionate benefit and security of the Noteholders, the Indenture Indemnitees and the Related Indenture Indemnitees, except as otherwise provided in this Indenture, including Section 2.13 and Article III, without any priority of
any one Equipment Note over any other, or any Related Equipment Note over any other, by reason of priority of time of issue, sale, negotiation, date of maturity thereof or otherwise for any reason whatsoever, and for the uses and purposes and in all
cases and as to all property specified in paragraphs (1) through (5) inclusive above, subject to the terms and provisions set forth in this Indenture. 

  
 Indenture and Security
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
 3 

 It is expressly agreed that notwithstanding anything herein to the contrary, the Company shall
remain liable under the Purchase Agreement to perform all of its obligations thereunder, and, except to the extent expressly provided in any Operative Document, none of any Noteholder, the Loan Trustee, any other Indenture Indemnitee or any Related
Indenture Indemnitee shall be required or obligated in any manner to perform or fulfill any obligations of the Company under or pursuant to any Operative Document, or to have any obligation or liability under the Purchase Agreement by reason of or
arising out of the assignment hereunder, or to make any inquiry as to the nature or sufficiency of any payment received by it, or present or file any claim or take any action to collect or enforce the payment of any amount that may have been
assigned to it or to which it may be entitled at any time or times. 
 [Notwithstanding anything herein to the contrary (but without in any
way releasing the Company from any of its duties or obligations under the Purchase Agreement), the Noteholders, the Loan Trustee, the other Indenture Indemnitees and the Related Indenture Indemnitees confirm and agree for the benefit of the
Manufacturer that in exercising any rights under the Warranty Rights, or in making any claim with respect to the Aircraft or any part thereof, the terms and conditions of the Purchase Agreement relating to the Warranty Rights, including, without
limitation, the waiver, release and renunciation provisions of clause 12 of the Purchase Agreement that are for the benefit of the Manufacturer, shall apply to and be binding upon the Noteholders, the Loan Trustee, the other Indenture Indemnitees
and the Related Indenture Indemnitees to the same extent as the Company. The Company hereby directs the Manufacturer, so long as an Event of Default shall have occurred and be continuing, to pay all amounts, if any, payable to the Company pursuant
to the Warranty Rights directly to the Loan Trustee to be held and applied as provided herein. Nothing contained herein or in the Operative Documents shall modify in any way the rights of the Manufacturer under the Purchase Agreement or subject the
Manufacturer to any obligations, losses, costs, expenses, damages or liabilities to which it would not otherwise be subject under the Purchase Agreement.]3 

 

	3 	To be inserted for Airbus aircraft. 

  
 Indenture and Security
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
 4 

 [Notwithstanding anything herein to the contrary (but without in any way releasing the Company
from any of its duties or obligations under the Purchase Agreement), the Noteholders, the Loan Trustee, the other Indenture Indemnitees and the Related Indenture Indemnitees confirm for the benefit of the Manufacturer that in exercising any rights
under the Warranty Rights, or in making any claim with respect to the Aircraft or other goods and services delivered or to be delivered pursuant to the Purchase Agreement, the terms and conditions of the Purchase Agreement relating to the Warranty
Rights, including, without limitation, the warranty disclaimer provisions for the benefit of the Manufacturer, shall apply to and be binding upon the Noteholders, the Loan Trustee, the other Indenture Indemnitees and the Related Indenture
Indemnitees to the same extent as the Company. The Company hereby directs the Manufacturer, so long as an Event of Default shall have occurred and be continuing, to pay all amounts, if any, payable to the Company pursuant to the Warranty Rights
directly to the Loan Trustee to be held and applied as provided herein. Nothing contained herein shall subject the Manufacturer to any liability to which it would not otherwise be subject under the Purchase Agreement or modify in any respect the
contract rights of the Manufacturer thereunder except as provided in the Manufacturer’s Consent.]4 

Subject to the terms and conditions hereof, the Company does hereby irrevocably constitute the Loan Trustee the true and lawful attorney of
the Company (which appointment is coupled with an interest) with full power (in the name of the Company or otherwise) to ask for, require, demand and receive any and all monies and claims for monies (in each case including insurance and requisition
proceeds) due and to become due to the Company under or arising out of the Purchase Agreement (to the extent assigned hereby), and all other property which now or hereafter constitutes part of the Collateral, to endorse any checks or other
instruments or orders in connection therewith and to file any claims or to take any action or to institute any proceedings which the Loan Trustee may deem to be necessary or advisable in the premises; provided that the Loan Trustee shall not
exercise any such rights except during the continuance of an Event of Default. The Company agrees that, promptly upon receipt thereof, to the extent required by the Operative Documents, it will transfer to the Loan Trustee any and all monies from
time to time received by the Company constituting part of the Collateral, for distribution by the Loan Trustee pursuant to this Indenture. 

The Company does hereby warrant and represent that it has not sold, assigned or pledged, and hereby covenants and agrees that it will not
sell, assign or pledge, so long as this Indenture shall remain in effect and the Lien hereof shall not have been released pursuant to the provisions hereof, any of its estate, right, title or interest hereby assigned, to any Person other than the
Loan Trustee, except as otherwise provided in or permitted by any Operative Document. 
  

	4 	To be inserted for Boeing aircraft. 

  
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Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
 5 

 The Company agrees that at any time and from time to time, upon the written request of the Loan
Trustee, the Company shall promptly and duly execute and deliver or cause to be duly executed and delivered any and all such further instruments and documents as the Loan Trustee may reasonably deem necessary to perfect, preserve or protect the
mortgage, security interests and assignments created or intended to be created hereby or to obtain for the Loan Trustee the full benefit of the assignment hereunder and of the rights and powers herein granted; provided that any instrument or
other document so executed by the Company will not expand any obligations or limit any rights of the Company in respect of the transactions contemplated by the Operative Documents. 

IT IS HEREBY COVENANTED AND AGREED by and between the parties hereto as follows: 

ARTICLE I 
 DEFINITIONS 

Section 1.01. Definitions. For all purposes of this Indenture, unless the context otherwise requires, capitalized terms used but
not defined herein have the respective meanings set forth or incorporated by reference in Annex A. 
 Section 1.02. Other
Definitional Provisions. (a) The definitions stated herein and in Annex A apply equally to both the singular and the plural forms of the terms defined. 

(b) All references in this Indenture to designated “Articles”, “Sections”, “Subsections”, “Schedules”,
“Exhibits”, “Annexes” and other subdivisions are to the designated Article, Section, Subsection, Schedule, Exhibit, Annex or other subdivision of this Indenture, unless otherwise specifically stated. 

(c) The words “herein”, “hereof” and “hereunder” and other words of similar import refer to this Indenture as a
whole and not to any particular Article, Section, Subsection, Schedule, Exhibit, Annex or other subdivision. 
 (d) Unless the context
otherwise, requires, whenever the words “including”, “include” or “includes” are used herein, they shall be deemed to be followed by the phrase “without limitation”. 

(e) All references in this Indenture to a “government” are to such government and any instrumentality or agency thereof. 

(f) All references in this Indenture to a Person shall include successors and permitted assigns of such Person. 

  
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[Reg. No.] 

  
 6 

 ARTICLE II 

THE EQUIPMENT NOTES 

Section 2.01. Form of Equipment Notes. The Equipment Notes shall be substantially in the form set forth below: 

THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR PURSUANT TO THE
SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE OFFERED FOR SALE OR SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE OR OTHER LAWS OR EXEMPTIONS FROM SUCH REGISTRATION REQUIREMENTS
ARE AVAILABLE. IN ADDITION, THIS EQUIPMENT NOTE IS SUBJECT TO RESTRICTIONS ON TRANSFER PURSUANT TO THE PARTICIPATION AGREEMENT REFERRED TO HEREIN. 

AMERICAN AIRLINES, INC. 
 SERIES
2016-1[    ][REG.NO.] EQUIPMENT NOTE DUE                  , 20     

ISSUED IN CONNECTION WITH THE [AIRBUS] [BOEING] MODEL 

[MODEL] 
 (GENERIC MODEL [GENERIC
MODEL]) AIRCRAFT 
 BEARING UNITED STATES REGISTRATION NUMBER [REG. NO.] 

 

					
	No.        	  	Date: [            ,        ]	  	$        
	DEBT RATE	  		  	MATURITY DATE
	[    ]%	  		  	                 , 20    

 AMERICAN AIRLINES, INC. (together with its successors and permitted assigns, the “Company”) hereby
promises to pay to                     , or the registered assignee thereof, the principal amount of
             Dollars ($        ) [on
                    ]5 [in installments on the Payment Dates set forth in Schedule I hereto,
each such installment to be in an amount computed by multiplying the original principal amount of this Equipment Note by the percentage set forth in Schedule I hereto opposite 

 

	5 	 To be inserted in non-installment Equipment Notes. 

  
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Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
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the Payment Date on which such installment is due,]6 and to pay, on each Payment Date, interest in arrears on the principal amount remaining
unpaid from time to time from the date hereof, or from the most recent date to which interest hereon has been paid or duly provided for, until paid in full at a rate per annum (calculated on the basis of a year of 360 days comprised of twelve 30-day months) equal to the Debt Rate shown above. [Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge in full the unpaid principal amount and
all accrued and unpaid interest on, and any other amounts due under, this Equipment Note.]7 Notwithstanding anything to the contrary contained herein, if any date on which a payment under this
Equipment Note becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day with the same force and effect as if made on such scheduled date, and if
payment is made on such next succeeding Business Day, no interest shall accrue on the amount of such payment from and after such scheduled date. 

For purposes hereof, the term “Indenture” means the Indenture and Security Agreement ([Reg. No.]), dated as of
                 , 20    , between the Company and Wilmington Trust Company, as Loan Trustee (the “Loan Trustee”), as the same
may be amended, supplemented or otherwise modified from time to time in accordance with its terms. All capitalized terms used in this Equipment Note and not defined herein, unless the context otherwise requires, shall have the respective meanings
set forth or incorporated by reference, and shall be construed and interpreted in the manner described, in the Indenture. 
 This Equipment
Note shall bear interest, payable on demand, at the Past Due Rate (and not the Debt Rate) (calculated on the basis of a year of 360 days comprised of twelve 30-day months) on any principal amount and (to the
extent permitted by applicable law) Make-Whole Amount, if any, interest and any other amounts payable hereunder not paid when due for any period during which the same shall be overdue, in each case for the period the same is overdue. Amounts shall
be overdue if not paid in the manner provided herein or in the Indenture when due (whether at stated maturity, by acceleration or otherwise). 

There shall be maintained an Equipment Note Register for the purpose of registering transfers and exchanges of Equipment Notes at the
Corporate Trust Office of the Loan Trustee, or at the office of any successor trustee, in the manner provided in Section 2.07 of the Indenture. 

 

	6 	To be inserted in installment Equipment Notes. 

	7 	To be inserted in installment Equipment Notes. 

  
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Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
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 The principal amount and interest and other amounts due hereunder shall be payable in Dollars in
immediately available funds at the Corporate Trust Office of the Loan Trustee, or as otherwise provided in the Indenture. The Company shall not have any responsibility for the distribution of any such payment to the Noteholder of this Equipment
Note. Each such payment shall be made on the date such payment is due and without any presentment or surrender of this Equipment Note, except that in the case of any final payment with respect to this Equipment Note, this Equipment Note shall be
surrendered to the Loan Trustee for cancellation. 
 The holder hereof, by its acceptance of this Equipment Note, agrees that, except
as provided in the Indenture, including the subordination provisions referred to below, each payment of an installment of principal amount, interest and Make-Whole Amount, if any, received by it hereunder shall be applied: first, to the
payment of accrued interest on this Equipment Note (as well as any interest on (i) any overdue principal amount, and (ii) to the extent permitted by law, any overdue Make-Whole Amount, if any, any overdue interest and any
other overdue amounts hereunder) to the date of such payment; second, to the payment of Make-Whole Amount, if any, with respect to this Equipment Note; third, to the payment of the principal amount of this Equipment Note (or portion
thereof) then due hereunder, if any; and fourth, the balance, if any, remaining thereafter to the payment of installments of the principal amount of this Equipment Note (or portion thereof) remaining unpaid in the inverse order of their
maturity. 
 This Equipment Note is one of the Equipment Notes referred to in the Indenture which have been or are to be issued by
the Company pursuant to the terms of the Indenture. The Collateral is held by the Loan Trustee as security, in part, for the Equipment Notes. The provisions of this Equipment Note are subject to the Indenture, the Related Indentures, the
Participation Agreement, the other Operative Documents and the Pass Through Documents. Reference is hereby made to the Indenture, the Related Indentures, the Participation Agreement, the other Operative Documents and the Pass Through Documents for a
complete statement of the rights and obligations of the holder of, and the nature and extent of the security for, this Equipment Note (including as a “Related Equipment Note” under each Related Indenture) and the rights and obligations of
the holders of, and the nature and extent of the security for, any other Equipment Notes executed and delivered under the Indenture, to all of which terms and conditions in the Indenture, the Related Indentures, the Participation Agreement, the
other Operative Documents and the Pass Through Documents each holder hereof agrees by its acceptance of this Equipment Note. 
 As provided
in the Indenture and subject to certain limitations therein set forth, this Equipment Note is exchangeable for an equal aggregate principal amount of Equipment Notes of the same Series of different authorized denominations, as requested by the
holder surrendering the same. Prior to the due presentment for registration of 

  
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Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
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transfer of this Equipment Note, the Company and the Loan Trustee shall deem and treat the Person in whose name this Equipment Note is registered on the Equipment Note Register as the absolute
owner and holder hereof for the purpose of receiving all amounts payable with respect to this Equipment Note and for all purposes, and neither the Company nor the Loan Trustee shall be affected by notice to the contrary. 

This Equipment Note is subject to redemption as provided in Section 2.10, Section 2.11 and Section 2.12 of the Indenture but
not otherwise. In addition, this Equipment Note may be accelerated as provided in Section 4.02 of the Indenture. 
 This Equipment Note
is subject to certain restrictions set forth in Section 4.01(a)(ii) and Section 4.01(a)(iii) of the Intercreditor Agreement, as further specified in Section 2.07 of the Indenture, to all of which terms and conditions in the
Intercreditor Agreement each holder hereof agrees by its acceptance of this Equipment Note. 
 The holder hereof, by its acceptance of this
Equipment Note, agrees that no payment or distribution shall be made on or in respect of the Secured Obligations (as defined in the Indenture) or the Secured Obligations (as defined in any Related Indenture) owed to such holder, including, without
limitation, any payment or distribution of cash, property or securities after the occurrence of any of the events referred to in Section 4.01(f) of the Indenture or after the commencement of any proceedings of the type referred to in
Section 4.01(g), Section 4.01(h) or Section 4.01(i) of the Indenture, except, in each case, as expressly provided in Article III of the Indenture or Article III of the applicable Related Indenture, as appropriate. 

The indebtedness evidenced by this Equipment Note is[,]8 [(i) to the extent and in
the manner provided in the Indenture, subordinate and subject in right of payment to the prior payment in full of the Secured Obligations in respect of [Series AA Equipment Notes]9 [Series AA
Equipment Notes and Series A Equipment Notes]10 [Series AA Equipment Notes, Series A Equipment Notes and Series B Equipment Notes]11, and
certain other Secured Obligations, and (ii)]12 to the extent and in the manner provided in each Related Indenture, subordinate and subject in right of payment to the prior payment 

 

	8 	To be inserted in the case of a Series AA Equipment Note. 

	9 	To be inserted in the case of a Series A Equipment Note. 

	10 	To be inserted in the case of a Series B Equipment Note. 

	11 	To be inserted in the case of an Additional Series Equipment Note 

	12 	 To be inserted in the case of a Series A Equipment Note, a Series B Equipment Note or an Additional Series Equipment Note.

  
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Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
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in full under such Related Indenture of the “Secured Obligations” in respect of the “Equipment Notes” issued under such Related Indenture, and this Equipment Note is issued
subject to such provisions. The Noteholder of this Equipment Note, by accepting the same, (a) agrees to and shall be bound by such provisions, (b) authorizes and directs the Loan Trustee or the Related Loan Trustee under the
applicable Related Indenture, as appropriate, on such Noteholder’s behalf to take any action necessary or appropriate to effectuate the subordination as provided in this Indenture or the applicable Related Indenture and (c) appoints
the Loan Trustee or the Related Loan Trustee under the applicable Related Indenture, as appropriate, as such Noteholder’s attorney-in-fact for such purpose. 

Without limiting the foregoing, the Noteholder of this Equipment Note, by accepting the same, agrees that if such Noteholder, in its capacity
as a Noteholder, shall receive any payment or distribution on any Secured Obligation in respect of this Equipment Note that it is not entitled to receive under Section 2.13 or Article III of the Indenture, it shall hold any amount so received
in trust for the Loan Trustee and forthwith turn over such amount to the Loan Trustee in the form received to be applied as provided in Article III of the Indenture. 

Unless the certificate of authentication hereon has been executed by or on behalf of the Loan Trustee by manual signature, this Equipment Note
shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
 THIS EQUIPMENT NOTE SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE. 

IN WITNESS WHEREOF, the Company has caused this Equipment Note to be executed in its corporate name by its officer thereunto duly authorized
on the date hereof. 
  

			
	AMERICAN AIRLINES, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 Indenture and Security
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
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	LOAN TRUSTEE’S CERTIFICATE OF AUTHENTICATION

This is one of the Equipment Notes referred to in the within-mentioned Indenture. 

 

			
	 WILMINGTON TRUST COMPANY,
  

not in its individual capacity but solely as Loan Trustee

		
	By:	 	  

		 	Name:
		 	Title:

 SCHEDULE I13 

EQUIPMENT NOTE AMORTIZATION 
  

			
	 Payment Date
	  	Percentage of Original
Principal Amount
to be Paid
		  	
		  	
		  	

 [SEE “EQUIPMENT NOTES AMORTIZATION” ON SCHEDULE I TO 

THIS INDENTURE] 

*  *  * 

Section 2.02. Issuance and Terms of Equipment Notes. The Equipment Notes shall be dated the date of issuance thereof, shall be
issued in (a) separate Series consisting of Series AA Equipment Notes, Series A Equipment Notes, Series B Equipment Notes and Additional Series Equipment Notes (if issued) (if more than one series of Additional Series Equipment Notes are
so issued whether at the same or different times, each such series shall have a different designation such as, for example, “Series C” and “Series D”) 

 

	13 	 To be inserted in installment Equipment Notes. 

  
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Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
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and (b) the maturities and original principal amounts and shall bear interest at the applicable Debt Rates specified in Schedule I hereto (as, in the case of any Equipment
Notes issued after the Closing Date, such Schedule I may be amended in connection with such issuance). On the date of original issuance thereof, each Series AA Equipment Note, Series A Equipment Note, Series B Equipment Note and Additional Series
Equipment Note (if issued) shall be issued to the Subordination Agent on behalf of each of the Pass Through Trustees for the applicable Pass Through Trust created under the Pass Through Trust Agreements referred to in Schedule II. Subject to
compliance with the conditions set forth in Section 4(a)(v) of the Note Purchase Agreement, Section 2.02 of the Participation Agreement and Section 8.01(d) of the Intercreditor Agreement, the Company shall have the option to issue
Additional Series Equipment Notes at any time and from time to time. In addition, if all of the Series A Equipment Notes, Series B Equipment Notes or any Series of Additional Equipment Notes (in each case, whether issued on or after the Closing
Date) shall have been redeemed pursuant to Section 2.11(b) or repaid in full, the Company shall, subject to compliance with the conditions set forth in Section 4(a)(v) of the Note Purchase Agreement, Section 2.02 of the Participation
Agreement and Section 8.01(c) of the Intercreditor Agreement, have the option to issue new Series A Equipment Notes, Series B Equipment Notes or Additional Series Equipment Notes with the same Series designation as, but with terms that may be
the same as or different from those of, the redeemed or repaid Series A Equipment Notes, Series B Equipment Notes or Additional Series Equipment Notes. Without limitation of the foregoing, new Series A Equipment Notes, new Series B Equipment Notes
and, if any Additional Series Equipment Notes shall have been issued hereunder, new Additional Series Equipment Notes may be issued pursuant to the provisions of Section 2.11(b). The Equipment Notes shall be issued in registered form only. The
Equipment Notes shall be issued in denominations of $1,000 and integral multiples thereof, except that one Equipment Note of each Series may be in an amount that is not an integral multiple of $1,000.  

Each Equipment Note shall bear interest at the Debt Rate specified for such Series calculated on the basis of a year of 360 days comprised of
twelve 30-day months, payable in arrears on each Payment Date on the unpaid principal amount thereof from time to time outstanding from the most recent Payment Date to which interest has been paid or duly provided for (or, if no interest has been so
paid or provided for, from the date of issuance of such Equipment Note) until such principal amount is paid in full, as further provided in the form of Equipment Note set forth in Section 2.01. The principal amount of each Series AA Equipment
Note, each Series A Equipment Note, each Series B Equipment Note and each Additional Series Equipment Note (if issued) shall be payable in installments or in a single payment on the Payment Dates set forth in Schedule I to such Equipment Note, each
such installment, if any, to be in an amount computed by multiplying the original principal amount of such Equipment Note by the corresponding 

  
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Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
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percentage set forth in Schedule I hereto (as, in the case of any Equipment Notes issued after the Closing Date, such Schedule I may be amended in connection with such issuance)
applicable to such Series, the applicable portion of which shall be attached as Schedule I to such Equipment Note, opposite the Payment Date on which such installment is due. Each Additional Series Equipment Note, if issued, shall be payable in
installments or in a single payment as set forth in an amendment to this Indenture, and if payable in installments, such installments shall be calculated as set forth in the preceding sentence. Notwithstanding the foregoing, the final payment made
under each Equipment Note shall be in an amount sufficient to discharge in full the unpaid principal amount and all accrued and unpaid interest on, and any other amounts due under, such Equipment Note. Each Equipment Note shall bear interest,
payable on demand, at the Past Due Rate (and not at the Debt Rate) (calculated on the basis of a year of 360 days comprised of twelve 30-day months) on any principal amount and (to the extent permitted by
applicable law) Make-Whole Amount, if any, interest and any other amounts payable thereunder not paid when due for any period during which the same shall be overdue, in each case for the period the same is overdue. Amounts shall be overdue under an
Equipment Note if not paid in the manner provided therein or in this Indenture when due (whether at stated maturity, by acceleration or otherwise). Notwithstanding anything to the contrary contained herein, if any date on which a payment hereunder
or under any Equipment Note becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day with the same force and effect as if made on such scheduled
date, and if such payment is made on such next succeeding Business Day, no interest shall accrue on the amount of such payment from and after such scheduled date. 

The Equipment Notes shall be executed on behalf of the Company by the manual or facsimile signature of one of its authorized officers.
Equipment Notes bearing the signatures of individuals who were at the time of execution the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the
authentication and delivery of such Equipment Notes or did not hold such offices at the respective dates of such Equipment Notes. No Equipment Note shall be secured by or entitled to any benefit under this Indenture or be valid or obligatory for any
purposes unless there appears on such Equipment Note a certificate of authentication in the form provided herein executed by the Loan Trustee by the manual signature of one of its authorized officers, and such certificate upon any Equipment Notes
shall be conclusive evidence, and the only evidence, that such Equipment Note has been duly authenticated and delivered hereunder. 

Section 2.03. Method of Payment. The principal amount of, interest on, Make-Whole Amount, if any, and, except to the extent
expressly provided herein, all other amounts due under each Equipment Note or otherwise payable hereunder shall be payable by the Company in Dollars by wire transfer of immediately available funds not

  
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Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
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later than 10:00 a.m. (New York City time) on the due date of payment to the Loan Trustee at the Corporate Trust Office for distribution among the Noteholders in the manner provided herein, and
payment of such amount by the Company to the Loan Trustee shall be deemed to satisfy the Company’s obligation to make such payment. The Company shall not have any responsibility for the distribution of such payment to any Noteholder.
Notwithstanding the foregoing or any provision in any Equipment Note to the contrary, the Loan Trustee will use reasonable efforts to pay or cause to be paid, if so directed in writing by any Noteholder (with a copy to the Company), all amounts paid
by the Company hereunder and under such Noteholder’s Equipment Note or Equipment Notes to such Noteholder or a nominee therefor (including all amounts distributed pursuant to Article III) by transferring, or causing to be transferred, by wire
transfer of immediately available funds in Dollars, prior to 12:00 noon (New York City time) on the due date of payment, to an account maintained by such Noteholder with a bank located in the continental United States the amount to be distributed to
such Noteholder, for credit to the account of such Noteholder maintained at such bank; provided that, in the event the Equipment Notes are not held by the Subordination Agent on behalf of the Pass Through Trustees, the Loan Trustee shall,
unless instructed by the Company to use another method, pay such amounts by check mailed to the Noteholder’s address as it appears on the Equipment Note Register. If, after its receipt of funds at the place and prior to the time specified above
in the immediately preceding sentence, the Loan Trustee shall fail (other than as a result of a failure of the Noteholder to provide it with wire transfer instructions) to make any such payment required to be paid by wire transfer as provided in the
immediately preceding sentence on the Business Day it receives such funds, the Loan Trustee, in its individual capacity and not as trustee, agrees to compensate such Noteholders for loss of use of funds at the Federal Funds Rate until such payment
is made and the Loan Trustee shall be entitled to any interest earned on such funds until such payment is made. Any payment made hereunder shall be made without any presentment or surrender of any Equipment Note, except that, in the case of the
final payment in respect of any Equipment Note, such Equipment Note shall be surrendered to the Loan Trustee for cancellation. Notwithstanding any other provision of this Indenture to the contrary, the Loan Trustee shall not be required to make, or
cause to be made, wire transfers as aforesaid prior to the first Business Day on which it is practicable for the Loan Trustee to do so in view of the time of day when the funds to be so transferred were received by it if such funds were received
after 1:00 p.m. (New York City time) at the place of payment, in which case the Loan Trustee shall make such required payment on the next succeeding Business Day. So long as any signatory to the Participation Agreement or nominee thereof shall be a
registered Noteholder, all payments to it shall be made to the account of such Noteholder specified in Schedule I to the Participation Agreement, or otherwise in the manner provided in or pursuant to the Participation Agreement, unless it shall have
specified some other account or manner of payment by notice to the Loan Trustee consistent with this Section 2.03. 

  
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 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

  
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 Section 2.04. Withholding Taxes. The Loan Trustee shall exclude and withhold at the
appropriate rate from each payment of principal amount of, interest on, Make-Whole Amount, if any, and other amounts due hereunder or under each Equipment Note (which exclusion and withholding shall constitute
payment of such amounts payable hereunder or in respect of such Equipment Notes, as applicable) any and all withholding taxes applicable thereto as required by law. The Loan Trustee agrees to act as such withholding agent and, in connection
therewith, whenever any present or future taxes or similar charges are required to be withheld with respect to any amounts payable hereunder or in respect of the Equipment Notes, to withhold such amounts (which withholding shall constitute payment
of such amounts payable hereunder or in respect of such Equipment Notes, as applicable) and timely pay the same to the appropriate authority in the name of and on behalf of the Noteholders, that it will file any necessary withholding tax returns or
statements when due, and that as promptly as possible after the payment thereof it will deliver to each Noteholder (with a copy to the Company) appropriate documentation showing the payment thereof, together with such additional documentary evidence
as any such Noteholder may reasonably request from time to time. The Loan Trustee agrees to file any other information reports as it may be required to file under United States law. 

Section 2.05. Application of Payments. Subject always to Section 2.13 and except as otherwise provided in Article III, in the
case of each Equipment Note, each payment of an installment of principal amount, Make-Whole Amount, if any, and interest paid thereon shall be applied: 

first, to the payment of accrued interest on such Equipment Note (as well as any interest on (i) any overdue
principal amount, and (ii) to the extent permitted by applicable law, any overdue Make-Whole Amount, if any, any overdue interest and any other overdue amounts thereunder) to the date of such
payment; 
 second, to the payment of Make-Whole Amount, if any, with respect to such Equipment Note; 

third, to the payment of the principal amount of such Equipment Note (or portion thereof) then due thereunder, if any;
and 
 fourth, the balance, if any, remaining thereafter to the payment of installments of the principal amount of
such Equipment Note (or portion thereof) remaining unpaid in the inverse order of their maturity. 
 Section 2.06. Termination of
Interest in Collateral. No Noteholder or Indenture Indemnitee shall, as such, have any further interest in, or other right with respect to, the 

  
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[Reg. No.] 

  
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Collateral when and if the principal amount of, Make-Whole Amount, if any, and interest (including, to the extent permitted by applicable law, post-petition interest and interest on any overdue
amounts) due on and all other amounts due under all Equipment Notes held by such Noteholder and all other sums then due and payable to such Noteholder or Indenture Indemnitee, as the case may be, hereunder (including, without limitation, under
Section 2.14) and under the Participation Agreement by the Company (the “Secured Obligations”) have been paid in full. 

Subject to Section 10.01 hereof, no Related Indenture Indemnitee shall, as such, have any further interest in, or other right with
respect to, the Collateral when and if all Related Secured Obligations have been paid in full. 
 Section 2.07. Registration,
Transfer and Exchange of Equipment Notes. The Loan Trustee shall keep a register or registers (the “Equipment Note Register”) in which the Loan Trustee shall provide for the registration of Equipment Notes and the registration
of transfers of Equipment Notes. No such transfer shall be given effect unless and until registration hereunder shall have occurred. The Equipment Note Register shall be kept at the Corporate Trust Office of the Loan Trustee. The Loan Trustee is
hereby appointed “Equipment Note Registrar” for the purpose of registering Equipment Notes and transfers of Equipment Notes as herein provided. A holder of any Equipment Note intending to exchange or transfer such Equipment Note shall
surrender such Equipment Note to the Loan Trustee at the Corporate Trust Office, together with a written request from the registered holder thereof for the issuance of a new Equipment Note of the same Series, specifying, in the case of a surrender
for transfer, the name and address of the new holder or holders. Upon surrender for registration of transfer of any Equipment Note and subject to satisfaction of Section 2.09, the Company shall execute, and the Loan Trustee shall authenticate
and deliver, in the name of the designated transferee or transferees, one or more new Equipment Notes of an equal aggregate principal amount and of the same Series. At the option of the Noteholder, Equipment Notes may be exchanged for other
Equipment Notes of the same Series of any authorized denominations of an equal aggregate principal amount, upon surrender of the Equipment Notes to be exchanged to the Loan Trustee at the Corporate Trust Office. Whenever any Equipment Notes are so
surrendered for exchange, the Company shall execute, and the Loan Trustee shall authenticate and deliver, the Equipment Notes which the Noteholder making the exchange is entitled to receive. All Equipment Notes issued upon any registration of
transfer or exchange of Equipment Notes (whether under this Section 2.07 or under Section 2.08 or otherwise under this Indenture) shall be the valid obligations of the Company evidencing the same respective obligations, and entitled to the
same security and benefits under this Indenture, as the Equipment Notes surrendered upon such registration of transfer or exchange. Every Equipment Note presented or surrendered for registration of transfer shall (if so required by the Company or
the Loan Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to 

  
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[Reg. No.] 

  
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the Loan Trustee, duly executed by the Noteholder or such Noteholder’s attorney duly authorized in writing, and the Company and the Loan Trustee shall require evidence satisfactory to it as
to the compliance of any such transfer with the Securities Act and the securities laws of any applicable state or jurisdiction. The Loan Trustee shall make a notation on each new Equipment Note of the amount of all payments of principal amount
previously made on the old Equipment Note or Equipment Notes with respect to which such new Equipment Note is issued and the date to which interest on such old Equipment Note or Equipment Notes has been paid. Principal, interest and all other
amounts shall be deemed to have been paid on such new Equipment Note to the date on which such amounts shall have been paid on such old Equipment Note. The Company shall not be required to exchange any surrendered Equipment Notes as provided above
(a) during the ten-day period preceding the due date of any payment on such Equipment Note or (b) that has been called for redemption. The Company and the Loan Trustee shall in all
cases deem and treat the Person in whose name any Equipment Note shall have been issued and registered on the Equipment Note Register as the absolute owner and the Noteholder of such Equipment Note for the purpose of receiving payment of all amounts
payable with respect to such Equipment Note and for all other purposes, and neither the Company nor the Loan Trustee shall be affected by any notice to the contrary. The Loan Trustee will promptly notify the Company of each registration of a
transfer of an Equipment Note. Any such transferee of an Equipment Note, by its acceptance of an Equipment Note, agrees to the provisions of the Indenture, the Related Indentures, the Participation Agreement, the other Operative Documents and the
Pass Through Documents applicable to the Noteholders or, in the case of each Related Indenture, Related Noteholders, and, without limiting the generality of the foregoing, any such transferee of an Equipment Note, by its acceptance of an Equipment
Note: (i) agrees to the applicable provisions of Section 6.01, Section 7.10 and Section 7.11 of the Participation Agreement, and shall be deemed to have represented, warranted and covenanted to the parties to the
Participation Agreement as to the matters represented, warranted and covenanted by the Noteholders, including the Pass Through Trustees, in the Participation Agreement and (ii) agrees to the restrictions set forth in
Section 4.01(a)(ii) and Section 4.01(a)(iii) of the Intercreditor Agreement, and shall be deemed to have covenanted to the parties to the Intercreditor Agreement not to give any direction to, or otherwise authorize, the Loan Trustee to
take any action that would violate Section 4.01(a)(ii) or Section 4.01(a)(iii) of the Intercreditor Agreement. Subject to compliance by the Noteholder and its transferee (if any) of the requirements set forth in this Section 2.07 and
in Section 2.09, the Loan Trustee and the Company shall use all reasonable efforts to issue new Equipment Notes upon transfer or exchange within ten Business Days of the date an Equipment Note is surrendered for transfer or exchange. 

Section 2.08. Mutilated, Destroyed, Lost or Stolen Equipment Notes. If any Equipment Note becomes mutilated, destroyed, lost or
stolen, the Company shall, upon 

  
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the written request of the holder of such Equipment Note and subject to satisfaction of this Section 2.08 and of Section 2.09, execute and the Loan Trustee shall authenticate and
deliver in replacement thereof a new Equipment Note of the same Series, payable in the same principal amount, dated the same date and captioned as issued in connection with the Aircraft. If the Equipment Note being replaced has become mutilated,
such Equipment Note shall be surrendered to the Loan Trustee, and a photocopy thereof shall be furnished to the Company. If the Equipment Note being replaced has been destroyed, lost or stolen, the holder of such Equipment Note shall furnish to the
Company and the Loan Trustee such security or indemnity as may be required by them to save the Company and the Loan Trustee harmless and evidence satisfactory to the Company and the Loan Trustee of the destruction, loss or theft of such Equipment
Note and of the ownership thereof. 
 Section 2.09. Payment of Expenses on Transfer; Cancellation. (a) No service charge
shall be made to a Noteholder for any registration of transfer or exchange of Equipment Notes, but the Loan Trustee, as Equipment Note Registrar, may require payment of a sum sufficient to cover any Tax or other governmental charge that may be
imposed in connection with any registration of transfer or exchange of Equipment Notes. 
 (b) The Loan Trustee shall cancel all Equipment
Notes surrendered for replacement, redemption, transfer, exchange, payment or cancellation, shall keep a copy of such cancelled Equipment Notes, and shall send the original canceled Equipment Notes marked “cancelled” to the Company. 

Section 2.10. Mandatory Redemption of Equipment Notes. The Company shall redeem the Equipment Notes in whole in connection with an
Event of Loss in respect of the Airframe or the Airframe and the Engines installed thereon (unless the Company shall have performed the option set forth in Section 7.05(a)(i) with respect thereto) on or before the Loss Payment Date at a
redemption price equal to 100% of the unpaid principal amount thereof, together with all accrued and unpaid interest thereon to (but excluding) the date of redemption, but without any Make-Whole Amount, and all other Secured Obligations owed or then
due and payable to the Noteholders. 
 Section 2.11. Voluntary Redemption of Equipment Notes. (a) Except as provided in
Section 2.11(b), all, but not less than all, of the Equipment Notes may be redeemed by the Company at any time upon at least 15 days’ revocable prior written notice to the Loan Trustee and the Noteholders, and such Equipment Notes shall be
redeemed in whole at a redemption price equal to 100% of the unpaid principal amount thereof, together with accrued and unpaid interest thereon to (but excluding) the date of redemption and all other Secured Obligations owed or then due and payable
to the Noteholders, plus Make-Whole Amount, if any; provided that no redemption shall be permitted under this Section 2.11(a) unless, simultaneously with such redemption, the Related Equipment Notes shall also be redeemed. 

  
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 (b) All of the Series A Equipment Notes, all of the Series B Equipment Notes or all of any series
of Additional Series Equipment Notes (or any combination of the foregoing) may be redeemed by the Company upon at least 15 days’ revocable prior written notice to the Loan Trustee and the Noteholders of each Series to be redeemed, and such
Series of Equipment Notes being redeemed pursuant to this Section 2.11(b) shall be redeemed in whole at a redemption price equal to 100% of the unpaid principal amount thereof, together with accrued and unpaid interest thereon to (but
excluding) the date of redemption and all other Secured Obligations owed or then due and payable to the Noteholders of such Series, plus Make-Whole Amount, if any; provided that: 

(i) no redemption shall be permitted under this Section 2.11(b) unless, simultaneously with such redemption, the Related
Series A Equipment Notes (in the case of redemption hereunder of Series A Equipment Notes), the Related Series B Equipment Notes (in the case of redemption hereunder of Series B Equipment Notes) or the Related Additional Series Equipment Notes in
respect of the Additional Series Equipment Notes being redeemed (in the case of redemption hereunder of any series of Additional Series Equipment Notes), as the case may be, shall also be redeemed; and 

(ii) if, simultaneously with such redemption, new Series A Equipment Notes (in the case of redemption hereunder of
Series A Equipment Notes), new Series B Equipment Notes (in the case of redemption hereunder of Series B Equipment Notes) or a new series of Additional Series Equipment Notes of the same series designation as the Additional Series Equipment
Notes being redeemed (in the case of redemption hereunder of a series of Additional Series Equipment Notes), which, in any such case, may have terms that may be the same as or different from those of the redeemed Equipment Notes, are being issued,
such new Equipment Notes shall be issued in accordance with Section 2.02 of the Participation Agreement, Section 4(a)(v) of the Note Purchase Agreement and Section 8.01(c) of the Intercreditor Agreement. 

(c) Notwithstanding anything to the contrary in Section 2.11(a) or (b), so long as the Company or any of its Affiliates beneficially owns
100% of the Pass Through Certificates issued by any Pass Through Trustee, the redemption price shall not include, and no Noteholder shall have any right to otherwise claim, any Make-Whole Amount with respect to the Series of Equipment Notes issued
to the Subordination Agent for the benefit of such Pass Through Trustee. 

  

	
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 Section 2.12. Redemptions; Notice of Redemptions; Repurchases. (a) No redemption
of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Indenture. The Company may at any time repurchase any of the Equipment Notes not held by the Subordination Agent at any price and may hold or resell
such Equipment Notes or surrender such Equipment Notes to the Loan Trustee for cancellation. 
 (b) Notice of redemption with respect to the
Equipment Notes shall be given by the Loan Trustee by first-class mail, postage prepaid, mailed not less than 15 nor more than 60 days prior to the applicable redemption date, to each Noteholder of such
Equipment Notes to be redeemed, at such Noteholder’s address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Company to the Loan Trustee given no later than three days
prior to the redemption date. All such notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption
price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date and (4) the place or
places where such Equipment Notes are to be surrendered for payment of the redemption price. 
 (c) On or before the redemption date, the
Company (or any person on behalf of the Company) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held in the Collateral, deposit or cause to be deposited
with the Loan Trustee by 11:00 a.m. (New York City time) on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed. 

(d) Notice of redemption having been given as aforesaid (and not revoked as permitted by this Section 2.12), the Equipment Notes to be
redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Loan Trustee, and from and after such redemption date (unless there shall be a default in the deposit of the redemption price pursuant to
Section 2.12(c)) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price.

 Section 2.13. Subordination. (a) The indebtedness evidenced by the Series A Equipment Notes is, to the extent and in the
manner provided in this Indenture, subordinate and subject in right of payment to the prior payment in full of the Secured Obligations in respect of the Series AA Equipment Notes, and the Series A Equipment Notes are issued subject to such
provisions. The indebtedness evidenced by the Series B Equipment Notes is, to the extent and in the manner provided in this Indenture, 

  

	
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subordinate and subject in right of payment to the prior payment in full of the Secured Obligations in respect of the Series AA Equipment Notes and the Series A Equipment Notes, and the Series B
Equipment Notes are issued subject to such provisions. The indebtedness evidenced by the Series of Additional Series Equipment Notes ranked most senior in priority of payment among all Series of Additional Series Equipment Notes, if issued, will be,
to the extent and in the manner provided in this Indenture (as this Indenture may be amended in connection with any such issuance of such most senior Series of Additional Series Equipment Notes), subordinate and subject in right of payment to the
prior payment in full of the Secured Obligations in respect of the Series AA Equipment Notes, the Series A Equipment Notes and the Series B Equipment Notes, and any such most senior Series of Additional Series Equipment Notes, if issued, shall be
issued subject to such provisions. The indebtedness evidenced by any Additional Series Equipment Notes (other than the Series of Additional Series Equipment Notes ranked most senior in priority of payment among all Series of Additional Series
Equipment Notes), if issued, will be, to the extent and in the manner provided in this Indenture (as this Indenture may be amended in connection with any such issuance of such Additional Series Equipment Notes), subordinate and subject in right of
payment to the prior payment in full of the Secured Obligations in respect of the Series AA Equipment Notes, the Series A Equipment Notes, the Series B Equipment Notes and each Series of Additional Series Equipment Notes that rank senior in priority
of payment to such Additional Series Equipment Notes, and any such Additional Series Equipment Notes, if issued, shall be issued subject to such provisions. The indebtedness evidenced by the Series AA Equipment Notes, the Series A Equipment Notes
and the Series B Equipment Notes is, and the indebtedness evidenced by any Additional Series Equipment Notes, if issued, will be, to the extent and in the manner provided in each Related Indenture, subordinate and subject in right of payment to the
prior payment in full under such Related Indenture of the “Secured Obligations” in respect of the “Equipment Notes” issued under such Related Indenture, and the Series AA Equipment Notes, the Series A Equipment Notes and the
Series B Equipment Notes are, and any Additional Series Equipment Notes shall be, issued subject to such provisions. By acceptance of its Equipment Notes of any Series, each Noteholder of such Series (i) agrees to and shall be bound by
such provisions, (ii) authorizes and directs the Loan Trustee or the Related Loan Trustee under the applicable Related Indenture, as applicable, on such Noteholder’s behalf to take such action as may be necessary or appropriate to
effectuate the subordination as provided in this Indenture and the applicable Related Indenture, and (iii) appoints the Loan Trustee or the Related Loan Trustee under the applicable Related Indenture, as applicable, as such
Noteholder’s attorney-in-fact for such purpose. 
 (b)
The Company, the Loan Trustee and, by acceptance of its Equipment Notes of any Series, each Noteholder of such Series, hereby agree that no payment or distribution shall be made on or in respect of the Secured Obligations, or the “Secured

  

	
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Obligations” under any Related Indenture, owed to such Noteholder of such Series, including any payment or distribution of cash, property or securities after the occurrence of any of the
events referred to in Section 4.01(f) or after the commencement of any proceedings of the type referred to in Section 4.01(g), Section 4.01(h) or Section 4.01(i), except, in each case, as expressly provided in Article III of this
Indenture or Article III of the applicable Related Indenture, as appropriate. 
 (c) By the acceptance of its Equipment Notes of any Series,
each Noteholder of such Series agrees that (i) if such Noteholder, in its capacity as a Noteholder, shall receive any payment or distribution on any Secured Obligations in respect of such Series that it is not entitled to receive under
this Section 2.13 or Article III hereof, it will hold any amount so received in trust for the Loan Trustee and forthwith turn over such amount to the Loan Trustee in the form received to be applied as provided in Article III hereof, and
(ii) if such Noteholder, in its capacity as a “Noteholder” under any Related Indenture, receives any payment or distribution on any “Secured Obligations” in respect of “Equipment Notes” of any
“Series” issued under such Related Indenture that it is not entitled to receive under Section 2.13 or Article III of such Related Indenture, it will hold any amount so received in trust for the Related Loan Trustee under such Related
Indenture and forthwith turn over such amount to such Related Loan Trustee under such Related Indenture in the form received to be applied as provided in Article III of such Related Indenture. 

Section 2.14. Certain Payments. The Company agrees to pay to the Loan Trustee for distribution in accordance with
Section 3.04: 
 (a) an amount or amounts equal to the fees payable to the Liquidity Providers under Section 2.03
of each Liquidity Facility and the Fee Letter (as defined in the Intercreditor Agreement) related thereto (or similar provisions of any Replacement Liquidity Facility therefor and any related fee letter), multiplied by a fraction, the numerator of
which shall be the sum of the then outstanding aggregate principal amount of the Series AA Equipment Notes, the Series A Equipment Notes and the Series B Equipment Notes and the denominator of which shall be the sum of the then outstanding aggregate
principal amount of all “Series AA Equipment Notes”, “Series A Equipment Notes” and “Series B Equipment Notes” (each as defined in the Note Purchase Agreement) with respect to all of the “Indentures” (as
defined in the Note Purchase Agreement); 
 (b) an amount equal to interest on any Special Termination Advance (other than
any Applied Special Termination Advance) payable under Section 3.07 of each Liquidity Facility (or similar provisions of any Replacement Liquidity Facility therefor) minus Investment Earnings from such Special Termination Advance, multiplied by
the fraction specified in the foregoing clause (a); 

  

	
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 (c) an amount equal to interest on any Downgrade Advance (other than any Applied
Downgrade Advance) payable under Section 3.07 of each Liquidity Facility (or similar provisions of any Replacement Liquidity Facility therefor) minus Investment Earnings from such Downgrade Advance, multiplied by the fraction specified in the
foregoing clause (a); 
 (d) an amount equal to interest on any Non-Extension Advance (other than any Applied Non-Extension
Advance) payable under Section 3.07 of each Liquidity Facility (or similar provisions of any Replacement Liquidity Facility therefor) minus Investment Earnings from such Non-Extension Advance, multiplied by the fraction specified in the
foregoing clause (a); 
 (e) if any payment default shall have occurred and be continuing with respect to interest on any
“Series AA Equipment Notes”, “Series A Equipment Notes” or “Series B Equipment Notes” (each as defined in the Note Purchase Agreement), (x) the excess, if any, of (1) the amount equal to the sum
of interest on any Unpaid Advance (other than a Special Termination Advance), Applied Provider Advance or Applied Special Termination Advance payable under Section 3.07 of each Liquidity Facility (or similar provisions of any Replacement
Liquidity Facility therefor) plus any other amounts payable in respect of such Unpaid Advance, Applied Provider Advance or Applied Special Termination Advance under Section 3.01, Section 3.03 or Section 3.09 of each Liquidity Facility
(or similar provisions of any Replacement Liquidity Facility therefor) under which such Unpaid Advance, Applied Provider Advance or Applied Special Termination Advance was made over (2) the sum of Investment Earnings from any Final
Advance plus any amount of interest at the Past Due Rate actually payable (whether or not in fact paid) by the Company in respect of the overdue scheduled interest on the “Series AA Equipment Notes”, “Series A Equipment Notes”
and “Series B Equipment Notes” (each as defined in the Note Purchase Agreement) in respect of which such Unpaid Advance, Applied Provider Advance or Applied Special Termination Advance was made, multiplied by (y) a fraction,
the numerator of which shall be the then aggregate overdue amounts of interest on the Series AA Equipment Notes, Series A Equipment Notes and Series B Equipment Notes (other than interest becoming due and payable solely as a result of acceleration
of any such Equipment Notes) and the denominator of which shall be the then aggregate overdue amounts of interest on all “Series AA Equipment Notes”, “Series A Equipment Notes” and “Series B Equipment Notes” (each as
defined in the Note Purchase Agreement) with respect to all of the “Indentures” (as defined in the Note Purchase Agreement) (other than interest becoming due and payable solely as a result of acceleration of any such “Equipment
Notes”); 

  

	
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 (f) any amounts owed to the Liquidity Providers by the Subordination Agent as
borrower under Section 3.01 (other than in respect of an Unpaid Advance, Applied Provider Advance or Applied Special Termination Advance), Section 3.03 (other than in respect of an Unpaid Advance, Applied Provider Advance or Applied
Special Termination Advance), Section 7.05 and Section 7.07 of each Liquidity Facility (or similar provisions of any Replacement Liquidity Facility therefor) multiplied by the fraction specified in the foregoing clause (a); and 

(g) an amount or amounts equal to the compensation, including reasonable expenses and disbursements actually incurred, payable
to the Subordination Agent under Section 6.07 of the Intercreditor Agreement, multiplied by the fraction specified in the foregoing clause (a) (but in any event without duplication of any amount or amounts payable by the Company in respect
of such compensation under any other Operative Document or Pass Through Document). 
 For purposes of this paragraph, the terms
“Applied Downgrade Advance”, “Applied Non-Extension Advance”, “Applied Provider Advance”, “Applied Special Termination Advance”, “Downgrade Advance”, “Final Advance”, “Investment
Earnings”, “Non-Extension Advance”, “Special Termination Advance” and “Unpaid Advance” shall have the meanings specified in each Liquidity Facility or the Intercreditor Agreement, as applicable. 

Section 2.15. Repayment of Monies for Equipment Note Payments Held by the Loan Trustee. Any money held by the Loan Trustee in
trust for any payment of the principal of, Make-Whole Amount, if any, or interest or any other amounts due on, any Equipment Note, including, without limitation, any money deposited pursuant to Section 2.12(c) or Section 10.01, and
remaining unclaimed for a 730-day period (for purposes of calculating this 730-day period, all days on which the payment of such money shall not have been made because of operation of law shall be excluded) after the due date for such payment (or
such lesser time as the Loan Trustee shall be satisfied, after 60 days’ notice from the Company, is one month prior to the escheat period provided under applicable state law) shall be paid to the Company. The Noteholders of any outstanding
Equipment Notes shall thereafter, as unsecured general creditors, look only to the Company for payment thereof, and all liability of the Loan Trustee with respect to such trust money shall thereupon cease; provided that the Loan Trustee,
before being required to make any such repayment, may at the expense of the Company cause to be mailed to each such Noteholder notice that such money remains unclaimed and that, after 

  

	
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a date specified in such notice which shall not be less than 30 days from the date of mailing, any unclaimed balance of such money then remaining will be repaid to the Company as provided herein.

 Section 2.16. Directions by the Subordination Agent. So long as the Subordination Agent is a Noteholder, notwithstanding
anything contained herein or in any other Operative Document to the contrary, in exercising its right to vote the Equipment Notes held by it, or in giving or taking any direction, consent, request, demand, instruction, authorization, notice, waiver
or other action provided by this Indenture or in respect of the Equipment Notes to be given or taken by a Noteholder (each such vote or other action, a “Direction”) in respect of such Equipment Notes, the Subordination Agent may act
in accordance with any votes, directions, consents, requests, demands, instructions, authorizations, notices, waivers or other actions given or taken by any applicable Pass Through Trustee or the Controlling Party pursuant to the Intercreditor
Agreement, including without limitation pursuant to Section 2.06, Article IV or Section 8.01(b) thereof. The Subordination Agent shall be permitted (x) to give a Direction with respect to less than the entire principal amount
of any single Equipment Note held by it, and (y) to give different Directions with respect to different portions of the principal amount of any single Equipment Note held by it. Any Direction given by the Subordination Agent at any time
with respect to more than a majority in aggregate unpaid principal amount of all of the Equipment Notes issued and then outstanding hereunder shall be deemed to have been given by a Majority in Interest of Noteholders. 

ARTICLE III 
 RECEIPT,
DISTRIBUTION AND APPLICATION OF INCOME 
 FROM THE COLLATERAL 

Section 3.01. Basic Distributions. Except as otherwise provided in Section 3.02, Section 3.03 and Section 3.04,
each periodic payment by the Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Loan Trustee shall be promptly distributed in the following order of priority: 

first, so much of such payment as shall be required to pay in full the aggregate amount of the payment or payments of
principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series AA Equipment Notes shall be
distributed to the Noteholders of Series AA Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series AA Equipment Note bears to the aggregate amount of
the payments then due under all Series AA Equipment Notes; 

  

	
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 second, after giving effect to clause “first” above, so much of
such payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on
any overdue interest and any other overdue amounts) then due under all Series A Equipment Notes shall be distributed to the Noteholders of Series A Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of
such payment or payments then due under each Series A Equipment Note bears to the aggregate amount of the payments then due under all Series A Equipment Notes; 

third, after giving effect to clause “second” above, so much of such payment remaining as shall be required to
pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue
amounts) then due under all Series B Equipment Notes shall be distributed to the Noteholders of Series B Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under
each Series B Equipment Note bears to the aggregate amount of the payments then due under all Series B Equipment Notes; 

fourth, after giving effect to clause “third” above (if any Additional Series Equipment Notes of a specified
series shall have been issued hereunder and except as this clause “fourth” may be modified pursuant to clause (xv) of Section 9.01 in connection with any issuance or redemption and issuance from time to time of Additional Series
Equipment Notes of one or more series), so much of such payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount
and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Additional Series Equipment Notes of such series shall be distributed to the Noteholders of Additional Series Equipment Notes
of such series ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Additional Series Equipment Note of such series bears to the aggregate amount of the payments then due
under all Additional Series Equipment Notes of such series; and 
 fifth, the balance, if any, of such installment
remaining thereafter shall be distributed to the Company. 

  

	
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 Section 3.02. Event of Loss; Mandatory Redemption; Voluntary Redemption. Except as
otherwise provided in Section 3.03 and Section 3.04 and subject to the following proviso, any payments (including insurance and requisition proceeds) received by the Loan Trustee as the result of (a) an Event of Loss with
respect to the Airframe or the Airframe and one or more Engines installed thereon (including amounts paid by the Company pursuant to Section 2.10) or (b) a voluntary redemption of Equipment Notes pursuant to Section 2.11 shall
be applied to redemption of Equipment Notes pursuant to Section 2.10 or Section 2.11, as applicable, and to payment of all other Secured Obligations and Related Secured Obligations then due by applying such payments in the following order
of priority: 
 first, so much of such payments as shall be required (i) to reimburse the Loan Trustee and
the Noteholders for any reasonable costs or expenses actually incurred in connection with such redemption for which they are entitled to reimbursement, or indemnity by the Company, under the Operative Documents; and then (ii) to pay all
other Secured Obligations then due to the Noteholders, the Loan Trustee and the other Indenture Indemnitees under this Indenture, the Participation Agreement or the Equipment Notes (other than amounts specified in clauses “second” and
“third” below); 
 second, after giving effect to clause “first” above: 

(i) so much of such payments remaining as shall be required to pay the amounts specified in subclause (i) of clause
“third” of Section 3.03 plus Make-Whole Amount, if any, then due and payable in respect of the Series AA Equipment Notes; 

(ii) after giving effect to subclause (i) above, so much of such payments remaining as shall be required to pay the
amounts specified in subclause (ii) of clause “third” of Section 3.03 plus Make-Whole Amount, if any, then due and payable in respect of the Series A Equipment Notes; 

(iii) after giving effect to subclause (ii) above, so much of such payments remaining as shall be required to pay the
amounts specified in subclause (iii) of clause “third” of Section 3.03 plus Make-Whole Amount, if any, then due and payable in respect of the Series B Equipment Notes; 

(iv) after giving effect to subclause (iii) above (if any Additional Series Equipment Notes of a specified series shall
have been issued hereunder and except as this subclause (iv) may be modified pursuant to clause (xv) of Section 9.01 in connection with the original 

  

	
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issuance or subsequent redemption and issuance from time to time of Additional Series Equipment Notes), so much of such payments remaining as shall be required to pay the amounts specified in
subclause (iv) of clause “third” of Section 3.03 plus Make-Whole Amount, if any, then due and payable in respect of such Additional Series Equipment Notes of such series; 

third, after giving effect to clause “second” above, so much of such payments remaining as shall be required
to pay the amounts as provided in clause “third” of Section 3.03 in respect of Related Secured Obligations under each Defaulted Operative Indenture other than subclause (xi) of clause “third” of Section 3.03; and

 fourth, the balance, if any, of such payments shall be distributed as provided in clause “fourth” of
Section 3.03; 
 provided that (i) in the case an Event of Loss with respect to the Airframe or the Airframe and one or more Engines
installed thereon, (x) any payments, including any insurance, condemnation, requisition or similar proceeds, resulting from such Event of Loss that are received by the Loan Trustee shall be held or disbursed by the Loan Trustee as
provided by Section 7.05(c) and Section 7.06(d) (provided that any such proceeds that are held by the Loan Trustee shall be invested as provided in Section 5.06); and (y) no Make-Whole Amount shall be payable on the
Equipment Notes in connection with their redemption as a result of such Event of Loss; and (ii) in the case of a redemption of Equipment Notes pursuant to Section 2.11(b), if a particular Series is not being redeemed pursuant
thereto, no application of funds shall be made pursuant to the paragraphs in clause “second” above that refer to such Series in connection with such redemption. 

Section 3.03. Payments After Event of Default. Except as otherwise provided in Section 3.04, all payments received and
amounts held or realized by the Loan Trustee (including any amounts realized by the Loan Trustee from the exercise of any remedies pursuant to Article IV) after both an Event of Default shall have occurred and be continuing and the Equipment Notes
shall have become due and payable pursuant to Section 4.02(a), as well as all payments or amounts then held by the Loan Trustee as part of the Collateral, shall be promptly distributed by the Loan Trustee in the following order of priority:

 first, so much of such payments or amounts as shall be required to (i) reimburse the Loan Trustee or
WTC, to the extent the Loan Trustee or WTC is entitled to be reimbursed or indemnified under the Operative Documents, for any Tax, expense or other loss (including, without limitation, all amounts to be expended at the expense of, or charged upon
the tolls, rents, revenues, issues, 

  

	
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products and profits of, the property included in the Collateral pursuant to Section 4.02(a)) actually incurred by the Loan Trustee or WTC (to the extent not previously reimbursed), the
expenses of any sale, taking or other proceeding, reasonable attorneys’ fees and expenses, court costs and any other expenditures actually incurred or expenditures or advances made by the Loan Trustee, WTC or the Noteholders in the protection,
exercise or enforcement of any right, power or remedy or any damages sustained by the Loan Trustee, WTC or any Noteholder, liquidated or otherwise, upon such Event of Default shall be applied by the Loan Trustee as between itself, WTC and the
Noteholders in reimbursement of such expenses and any other expenses for which the Loan Trustee, WTC or the Noteholders are entitled to reimbursement under any Operative Document, and (ii) pay all Secured Obligations then due to the
other Indenture Indemnitees under this Indenture, the Participation Agreement or the Equipment Notes (other than amounts specified in clauses “second” and “third” below); and in case the aggregate amount so to be distributed
shall be insufficient to pay as aforesaid in clauses (i) and (ii), then ratably, without priority of one over the other, in proportion to the amounts owed each hereunder; 

second, after giving effect to clause “first” above, so much of such payments or amounts remaining as shall be
required to reimburse the then existing or prior Noteholders for payments made pursuant to Section 5.03 (to the extent not previously reimbursed) shall be distributed to such then existing or prior Noteholders ratably, without priority of one
over the other, in accordance with the amount of the payment or payments made by each such then existing or prior Noteholder pursuant to Section 5.03; 

third, after giving effect to clause “second” above: 

(i) so much of such payments or amounts remaining as shall be required to pay in full the aggregate unpaid principal amount of
all Series AA Equipment Notes, and the accrued but unpaid interest and other amounts due thereon and all other Secured Obligations in respect of the Series AA Equipment Notes to the date of distribution, shall be distributed to the Noteholders of
Series AA Equipment Notes, and in case the aggregate amount so to be distributed shall be insufficient to pay in full as aforesaid, then ratably, without priority of one over the other, in the proportion that (x) the aggregate unpaid
principal amount of all Series AA Equipment Notes held by each holder thereof plus the accrued but unpaid interest and other amounts due in respect thereof hereunder or thereunder to the date of distribution bears to (y) the aggregate
unpaid principal amount of all Series AA Equipment Notes held by all holders thereof plus the accrued but unpaid interest and other amounts due thereon to the date of distribution; 

  

	
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 (ii) after giving effect to subclause (i) above, so much of such payments or
amounts remaining as shall be required to pay in full the aggregate unpaid principal amount of all Series A Equipment Notes, and the accrued but unpaid interest and other amounts due thereon and all other Secured Obligations in respect of the Series
A Equipment Notes to the date of distribution, shall be distributed to the Noteholders of Series A Equipment Notes, and in case the aggregate amount so to be distributed shall be insufficient to pay in full as aforesaid, then ratably, without
priority of one over the other, in the proportion that (x) the aggregate unpaid principal amount of all Series A Equipment Notes held by each holder thereof plus the accrued but unpaid interest and other amounts due in respect thereof
hereunder or thereunder to the date of distribution bears to (y) the aggregate unpaid principal amount of all Series A Equipment Notes held by all holders thereof plus the accrued but unpaid interest and other amounts due thereon to the
date of distribution; 
 (iii) after giving effect to subclause (ii) above, so much of such payments or amounts
remaining as shall be required to pay in full the aggregate unpaid principal amount of all Series B Equipment Notes, and the accrued but unpaid interest and other amounts due thereon and all other Secured Obligations in respect of the Series B
Equipment Notes to the date of distribution, shall be distributed to the Noteholders of Series B Equipment Notes, and in case the aggregate amount so to be distributed shall be insufficient to pay in full as aforesaid, then ratably, without priority
of one over the other, in the proportion that (x) the aggregate unpaid principal amount of all Series B Equipment Notes held by each holder thereof plus the accrued but unpaid interest and other amounts due in respect thereof hereunder
or thereunder to the date of distribution bears to (y) the aggregate unpaid principal amount of all Series B Equipment Notes held by all holders thereof plus the accrued but unpaid interest and other amounts due thereon to the date of
distribution; 
 (iv) after giving effect to subclause (iii) above (if any Additional Series Equipment Notes of a
specified series shall have been issued hereunder and except as this subclause (iv) may be modified pursuant to clause (xv) of Section 9.01 in connection with the original issuance or subsequent redemption and issuance from time to
time of Additional Series Equipment Notes in one or more series), so much of such payments or amounts remaining as shall be required to pay in full the 

  

	
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aggregate unpaid principal amount of all Additional Series Equipment Notes of such series, and the accrued but unpaid interest and other amounts due thereon and all other Secured Obligations in
respect of such Additional Series Equipment Notes to the date of distribution, shall be distributed to the Noteholders of Additional Series Equipment Notes of such series, and in case the aggregate amount so to be distributed shall be insufficient
to pay in full as aforesaid, then ratably, without priority of one over the other, in the proportion that (x) the aggregate unpaid principal amount of all Additional Series Equipment Notes of such series held by each holder thereof plus
the accrued but unpaid interest and other amounts due in respect thereof hereunder or thereunder to the date of distribution bears to (y) the aggregate unpaid principal amount of all Additional Series Equipment Notes of such series held
by all holders thereof plus the accrued but unpaid interest and other amounts due thereon to the date of distribution; 
 (v)
after giving effect to subclause (iv) above, so much of such payments or amounts remaining as shall be required to pay in full the amounts then due and covered by clause “first” of Section 3.03 of each Defaulted Operative
Indenture shall be distributed to the Related Loan Trustee under each respective Defaulted Operative Indenture, and in case the aggregate amount so to be distributed shall be insufficient to pay in full as aforesaid, then ratably, without priority
of one over the other, in accordance with the priorities and prorations in such clause “first”; 
 (vi) after
giving effect to subclause (v) above, so much of such payments or amounts remaining as shall be required to pay in full the amounts then due and covered by clause “second” of Section 3.03 of each Defaulted Operative Indenture
shall be distributed to the Related Loan Trustee under each respective Defaulted Operative Indenture, and in case the aggregate amount so to be distributed shall be insufficient to pay in full as aforesaid, then ratably, without priority of one over
the other, in accordance with the priorities and prorations in such clause “second”; 
 (vii) after giving effect
to subclause (vi) above, so much of such payments or amounts remaining as shall be required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount
and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Related Series AA Equipment Notes, if any, issued under any Defaulted Operative Indenture shall be distributed to the Related
Loan Trustee under each respective Defaulted 

  

	
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Operative Indenture under which any Related Series AA Equipment Notes are outstanding, and in case the aggregate amount so to be distributed shall be insufficient to pay in full as aforesaid,
then ratably, without priority of one over the other, in the proportion that (x) the amount of such payment or payments then due under all Related Series AA Equipment Notes issued under each Defaulted Operative Indenture bears to
(y) the aggregate amount of the payments then due under all Related Series AA Equipment Notes issued under all Defaulted Operative Indentures; 

(viii) after giving effect to subclause (vii) above, so much of such payments or amounts remaining as shall be required to
pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue
amounts) then due under all Related Series A Equipment Notes, if any, issued under any Defaulted Operative Indenture shall be distributed to the Related Loan Trustee under each respective Defaulted Operative Indenture under which any Related Series
A Equipment Notes are outstanding, and in case the aggregate amount so to be distributed shall be insufficient to pay in full as aforesaid, then ratably, without priority of one over the other, in the proportion that (x) the amount of
such payment or payments then due under all Related Series A Equipment Notes issued under each Defaulted Operative Indenture bears to (y) the aggregate amount of the payments then due under all Related Series A Equipment Notes issued
under all Defaulted Operative Indentures; 
 (ix) after giving effect to subclause (viii) above, so much of such
payments or amounts remaining as shall be required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable
law, on any overdue interest and any other overdue amounts) then due under all Related Series B Equipment Notes, if any, issued under any Defaulted Operative Indenture shall be distributed to the Related Loan Trustee under each respective Defaulted
Operative Indenture under which any Related Series B Equipment Notes are outstanding, and in case the aggregate amount so to be distributed shall be insufficient to pay in full as aforesaid, then ratably, without priority of one over the other, in
the proportion that (x) the amount of such payment or payments then due under all Related Series B Equipment Notes issued under each Defaulted Operative Indenture bears to (y) the aggregate amount of the payments then due
under all Related Series B Equipment Notes issued under all Defaulted Operative Indentures; 

  

	
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 (x) after giving effect to subclause (ix) above (if any Related Additional
Series Equipment Notes of a specified series shall have been issued under any Related Indenture and except as this subclause (x) may be modified pursuant to clause (xv) of Section 9.01 in connection with the original issuance or
subsequent redemption and issuance from time to time of Related Additional Series Equipment Notes in one or more series), so much of such payments or amounts remaining as shall be required to pay in full the aggregate amount of the payment or
payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Related Additional Series
Equipment Notes of such series, if any, issued under any Defaulted Operative Indenture shall be distributed to the Related Loan Trustee under each respective Defaulted Operative Indenture under which any Related Additional Series Equipment Notes of
such series are outstanding, and in case the aggregate amount so to be distributed shall be insufficient to pay in full as aforesaid, then ratably, without priority of one over the other, in the proportion that (x) the amount of such
payment or payments then due under all Related Additional Series Equipment Notes of such series issued under each Defaulted Operative Indenture bears to (y) the aggregate amount of the payments then due under all Related Additional
Series Equipment Notes of such series issued under all Defaulted Operative Indentures; and 
 (xi) after giving effect to
subclause (x) above, if any Related Equipment Note is outstanding, any of such payments or amounts remaining and any invested Permitted Investments shall be held by the Loan Trustee in an Eligible Account in accordance with the provisions of
Section 3.07 (and invested as provided in Section 5.06) as additional security for the Related Secured Obligations, and such amounts (and any investment earnings thereon) shall be distributed from time to time in accordance with the
foregoing provisions of this clause “third” as and to the extent any such Related Secured Obligation shall at any time and from time to time become due and remain unpaid after the giving of any required notice and the expiration of any
applicable grace period; and, upon the payment in full of all such Related Secured Obligations the balance, if any, of any such remaining amounts and investment earnings thereon shall be applied as provided in clause “fourth” of this
Section 3.03; and 
 fourth, the balance, if any, of such payments or amounts remaining thereafter shall be
distributed to the Company. 

  

	
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 No Make-Whole Amount shall be payable on the Equipment Notes as a consequence of or in connection
with an Event of Default or the acceleration of the Equipment Notes. 
 Section 3.04. Certain Payments. (a) Any payments
received by the Loan Trustee for which provision as to the application thereof is made in this Indenture other than in this Article III shall be applied as provided in those provisions. Without limiting the foregoing, any payments received by the
Loan Trustee which are payable to the Company pursuant to any of the provisions of this Indenture other than those set forth in this Article III (including Section 5.06, Section 7.05 and Section 7.06 hereof) shall be so paid to
the Company. Any payments received by the Loan Trustee for which no provision as to the application thereof is made in this Indenture and for which such provision is made in any other Operative Document shall be applied forthwith to the purpose for
which such payment was made in accordance with the terms of such other Operative Document. 
 (b) Notwithstanding anything to the contrary
contained in this Article III, the Loan Trustee will distribute promptly upon receipt any indemnity payment received by it from the Company pursuant to Section 4.02 of the Participation Agreement payable to (i) WTC and the Loan
Trustee, (ii) the Subordination Agent, (iii) any separate or additional trustee appointed pursuant to Section 8.02, (iv) the Pass Through Trustees and (v) each Liquidity Provider, in each case,
directly to the Person entitled thereto. Any payment received by the Loan Trustee from the Company under Section 2.14 shall be distributed to the Subordination Agent to be distributed in accordance with Section 2.04(c) of the Intercreditor
Agreement. 
 (c) Any payments received by the Loan Trustee not constituting part of the Collateral or otherwise for which no provision as
to the application thereof is made in any Operative Document shall be distributed by the Loan Trustee to the Company. Further, and except as otherwise provided in Section 3.02 and Section 3.03, all payments received and amounts realized by
the Loan Trustee with respect to the Aircraft, to the extent received or realized at any time after payment in full of all Secured Obligations, as well as any amounts remaining as part of the Collateral after the occurrence of such payment in full,
shall be distributed by the Loan Trustee to the Company. 
 Section 3.05. Payments to the Company. Any amounts distributed
hereunder by the Loan Trustee to the Company shall be paid to the Company (within the time limits contemplated by Section 2.03) by wire transfer of funds of the type received by the Loan Trustee at such office and to such account or accounts of
such entity or entities as shall be designated by notice from the Company to the Loan Trustee from time to time. 
 Section 3.06.
Cooperation. Prior to making any distribution under this Article III, the Loan Trustee shall consult with the Related Loan Trustees to determine 

  

	
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amounts payable with respect to the Related Secured Obligations. The Loan Trustee shall cooperate with the Related Loan Trustees and shall provide such information as shall be reasonably
requested by each Related Loan Trustee to enable such Related Loan Trustee to determine amounts distributable under Article III of its Related Indenture. 

Section 3.07. Securities Account. In furtherance of the provisions of Section 3.03, WTC agrees to act as an Eligible
Institution under this Indenture in accordance with the provisions of this Indenture (in such capacity, the “Securities Intermediary”). Except in its capacity as Loan Trustee, WTC waives any claim or lien against any Eligible
Account it may have, by operation of law or otherwise, for any amount owed to it by the Company. The Securities Intermediary hereby agrees that, notwithstanding anything to the contrary in this Indenture, (i) any amounts to be held by
the Loan Trustee pursuant to subclause (xi) of clause “third” of Section 3.03 and any investment earnings thereon or other Permitted Investments in which such amounts are invested will be credited to an Eligible Account (the
“Securities Account”) for which it is a “securities intermediary” (as defined in Section 8-102(a)(14) of the NY UCC) and the Loan Trustee is the “entitlement holder” (as defined in Section 8-102(a)(7)
of the NY UCC) of the “security entitlement” (as defined in Section 8-102(a)(17) of the NY UCC) with respect to each “financial asset” (as defined in Section 8-102(a)(9) of the NY UCC) credited to such Eligible Account,
(ii) all such amounts, Permitted Investments and all other property acquired with cash credited to the Securities Account will be credited to the Securities Account, (iii) all items of property (whether cash, investment
property, Permitted Investments, other investments, securities, instruments or other property) credited to the Securities Account will be treated as a “financial asset” under Article 8 of the NY UCC, (iv) its “securities
intermediary’s jurisdiction” (as defined in Section 8-110(e) of the NY UCC) with respect to the Securities Account is the State of New York, and (v) all securities, instruments and other property in order or registered
form and credited to the Securities Account shall be payable to or to the order of, or registered in the name of, the Securities Intermediary or shall be indorsed to the Securities Intermediary or in blank, and in no case whatsoever shall any
financial asset credited to the Securities Account be registered in the name of the Company, payable to or to the order of the Company or specially indorsed to the Company except to the extent the foregoing have been specially indorsed by the
Company to the Securities Intermediary or in blank. The Loan Trustee agrees that it will hold (and will indicate clearly in its books and records that it holds) its “security entitlements” to the “financial assets” credited to
the Securities Account in trust for the benefit of the Noteholders, each Indenture Indemnitee and each Related Indenture Indemnitee as set forth in this Indenture. The Company acknowledges that, by reason of the Loan Trustee being the
“entitlement holder” in respect of the Securities Account as provided above, the Loan Trustee shall have the sole right and discretion, subject only to the terms of this Indenture, to give all “entitlement orders” (as defined in
Section 8-102(a)(8) of the NY UCC) with respect to the Securities Account and any and all 

  

	
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financial assets and other property credited thereto to the exclusion of the Company. If any Person asserts any Lien (including, without limitation, any writ, garnishment, judgment, warrant of
attachment, execution or similar process) against the Securities Account or any financial asset carried therein, WTC will promptly notify the Loan Trustee and the Company thereof. 

ARTICLE IV 
 EVENTS OF DEFAULT;
REMEDIES OF LOAN TRUSTEE 
 Section 4.01. Events of Default. Subject to the proviso at the end of this Section 4.01, each
of the following events shall constitute an “Event of Default” whether such event shall be voluntary or involuntary or shall come about or be effected by operation of law or pursuant to or in compliance with any judgment, decree or
order of any court or any order, rule or regulation of any administrative or governmental body and each such Event of Default shall be deemed to exist and continue so long as, but only as long as, it shall not have been remedied or explicitly
waived: 
 (a) the Company shall fail to make any payment within 15 days after the same shall have become due of principal
amount of, interest on, or Make-Whole Amount, if any, with respect to, any Equipment Note; 
 (b) the Company shall fail to
make payment when the same shall become due of any amount (other than amounts referred to in Section 4.01(a)) due hereunder, under any Equipment Note or under any other Operative Document, and such failure shall continue unremedied for 30 days
after the receipt by the Company of written notice thereof from the Loan Trustee or any Noteholder; 
 (c) the Company shall
fail to carry and maintain (or cause to be maintained) insurance or indemnity on or with respect to the Aircraft in accordance with the provisions of Section 7.06; provided that no such failure to carry and maintain insurance shall
constitute an Event of Default until the earlier of (i) the date such failure shall have continued unremedied for a period of 30 days after receipt by the Loan Trustee of the notice of cancellation or lapse referred to in
Section 7.06 or (ii) the date such insurance is not in effect as to the Loan Trustee; 
 (d) the Company
shall fail to perform or observe any other covenant, condition or agreement to be performed or observed by it under any Operative Document, and such failure shall continue unremedied for a period of 60 days after receipt by the Company of written
notice thereof from the Loan Trustee or any Noteholder; provided that, if such failure is capable of being remedied, no 

  

	
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such failure shall constitute an Event of Default for a period of one year after such notice is received by the Company so long as the Company is diligently proceeding to remedy such failure;

 (e) any representation or warranty made by the Company in any Operative Document shall prove to have been incorrect in any
material respect at the time made, and such incorrectness shall continue to be material to the transactions contemplated hereby and shall continue unremedied for a period of 60 days after receipt by the Company of written notice thereof from the
Loan Trustee or any Noteholder; provided that, if such incorrectness is capable of being remedied, no such incorrectness shall constitute an Event of Default for a period of one year after such notice is received by the Company so long as the
Company is diligently proceeding to remedy such incorrectness; 
 (f) the Company shall consent to the appointment of or the
taking of possession by a receiver, trustee or liquidator of itself or of a substantial part of its property, shall admit in writing its inability to pay its debts generally as they come due or shall make a general assignment for the benefit of
creditors; 
 (g) the Company shall file a voluntary petition in bankruptcy or a voluntary petition or an answer seeking
reorganization, liquidation or other relief as a debtor in a case under any bankruptcy laws or insolvency laws (as in effect at such time) or an answer admitting the material allegations of a petition filed against the Company as a debtor in any
such case, or the Company shall seek relief as a debtor, by voluntary petition, answer or consent, under the provisions of any other bankruptcy or other similar law providing for the reorganization or winding-up of corporations (as in effect at such
time), or the Company shall seek an agreement, composition, extension or adjustment with its creditors under such laws; 

(h) an order, judgment or decree shall be entered by any court of competent jurisdiction appointing, without the consent of the
Company, a receiver, trustee or liquidator of the Company or sequestering any substantial part of its property, or granting any other relief in respect of the Company as a debtor under any bankruptcy laws or insolvency laws (as in effect at such
time), and any such order, judgment or decree of appointment or sequestration shall remain in force undismissed, unstayed or unvacated for a period of 90 days after the date of entry thereof; 

(i) a petition against the Company as a debtor in a case under the federal bankruptcy laws or other insolvency laws (as in
effect at such time) is filed and not withdrawn or dismissed within 90 days thereafter, or if, under the 

  

	
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provisions of any law providing for reorganization or winding-up of corporations that may apply to the Company, any court of competent jurisdiction assumes jurisdiction, custody or control of the
Company or of any substantial part of its property and such jurisdiction, custody or control shall remain in force unrelinquished, unstayed or unterminated for a period of 90 days; or 

(j) an “Event of Default” (as defined in any Related Indenture) shall have occurred and be continuing; 

provided that notwithstanding anything to the contrary contained in this Section 4.01, any failure of the Company to perform or observe any
covenant, condition or agreement shall not constitute an Event of Default if such failure arises by reason of an event referred to in the definition of “Event of Loss” so long as the Company is continuing to comply with all of the terms of
Section 7.05. 
 Section 4.02. Remedies. (a) If an Event of Default shall have occurred and be continuing and so long
as the same shall continue unremedied, then and in every such case the Loan Trustee may, and upon the written instructions of a Majority in Interest of Noteholders, the Loan Trustee shall, do one or more of the following to the extent permitted by,
and subject to compliance with the requirements of, applicable law then in effect (provided that during any period the Airframe or any Engine is subject to the CRAF Program and is in possession of or being operated under the direction of the
United States government or an agency or instrumentality of the United States, the Loan Trustee shall not, on account of any Event of Default, be entitled to exercise or pursue any of the powers, rights or remedies described in this
Section 4.02 in such manner as to limit the Company’s control under this Indenture (or any Permitted Lessee’s control under any Lease) of the Airframe, any Engines installed thereon or any such Engine, unless at least 60 days’
(or such lesser period as may then be applicable under the CRAF Program of the United States government) prior written notice of default hereunder shall have been given by the Loan Trustee by registered or certified mail to the Company (and any such
Permitted Lessee) with a copy addressed to the Contracting Office Representative or other appropriate person for the Air Mobility Command of the United States Air Force under any contract with the Company or such Permitted Lessee relating to the
Aircraft): 
 (i) declare by written notice to the Company all the Equipment Notes to be due and payable, whereupon the
aggregate unpaid principal amount of all Equipment Notes then outstanding, together with accrued but unpaid interest thereon and all other amounts due thereunder (but for the avoidance of doubt, without Make-Whole Amount), shall immediately become
due and payable without presentment, demand, protest or other notice, all of which are hereby waived; provided that if an Event of Default referred to in Section 4.01(f), 

  

	
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Section 4.01(g), Section 4.01(h) or Section 4.01(i) shall have occurred and be continuing, then and in every such case the unpaid principal amount of the Equipment Notes then
outstanding, together with accrued but unpaid interest thereon and all other amounts due thereunder (but for the avoidance of doubt, without Make-Whole Amount), shall immediately and without further act become due and payable without presentment,
demand, protest or notice, all of which are hereby waived; and, following such declaration or deemed declaration: 
 (ii)
(A) cause the Company, upon the written demand of the Loan Trustee, at the Company’s expense, to deliver promptly, and the Company shall deliver promptly, all or such part of the Airframe or any Engine as the Loan Trustee may so
demand to the Loan Trustee or its order, or, if the Company shall have failed to so deliver the Airframe or any Engine after such demand, the Loan Trustee, at its option, may enter upon the premises where all or any part of the Airframe or any
Engine are located and take immediate possession of and remove the same together with any engine which is not an Engine but which is installed on the Airframe, subject to all of the rights of the owner, lessor, lienor or secured party of such
engine; provided that the Airframe with an engine (which is not an Engine) installed thereon may be flown or returned only to a location within the continental United States, and such engine shall be held at the expense of the Company for the
account of any such owner, lessor, lienor, secured party or, if such engine is owned by the Company, may at the option of the Company with the consent of the Loan Trustee (which will not be unreasonably withheld) or at the option of the Loan Trustee
with the consent of the Company (which will not be unreasonably withheld), be exchanged with the Company for an Engine in accordance with the provisions of Section 7.05(b); (B) sell all or any part of the Airframe and any Engine at
public or private sale, whether or not the Loan Trustee shall at the time have possession thereof, as the Loan Trustee may determine, or otherwise dispose of, hold, use, operate, lease to others or keep idle all or any part of the Airframe or such
Engine as the Loan Trustee, in its sole discretion, determines, all free and clear of any rights or claims of the Company, and the proceeds of such sale or disposition shall be applied as set forth in Section 3.03; or (C) exercise
any other remedy of a secured party under the Uniform Commercial Code of the State of New York (whether or not in effect in the jurisdiction in which enforcement is sought); provided that, notwithstanding anything to the contrary set forth
herein or in any other Operative Document, (i) as permitted by Article 15 of the Cape Town Convention, the provisions of Chapter III of the Cape Town Convention are hereby excluded and made inapplicable to this Indenture and the other
Operative Documents, except for those provisions of such Chapter III that cannot be derogated from; and (ii) as permitted by Article IV(3) of the Aircraft Protocol, the provisions of Chapter II of

  

	
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the Aircraft Protocol are hereby excluded and made inapplicable to this Indenture and the other Operative Documents, except for (x) Article XVI of the Aircraft Protocol and
(y) those provisions of such Chapter II that cannot be derogated from. In furtherance of the foregoing, the parties hereto agree that the exercise of remedies hereunder and the other Operative Documents is subject to other applicable
law, including without limitation, the NY UCC and the Bankruptcy Code, and that nothing herein derogates from the rights of the Company or the Loan Trustee under or pursuant to such other applicable law, including without limitation, the NY UCC or
the Bankruptcy Code. 
 Upon every such taking of possession of Collateral under this Section 4.02, the Loan Trustee may, from time to
time, at the expense of the Collateral, make all such expenditures for maintenance, insurance, repairs, alterations, additions and improvements to and of the Collateral as it deems necessary to cause the Collateral to be in such condition as
required by the provisions of this Indenture. In each such case, the Loan Trustee may maintain, use, operate, store, insure, lease, control, manage or dispose of the Collateral and may exercise all rights and powers of the Company relating to the
Collateral as the Loan Trustee reasonably deems best, including the right to enter into any and all such agreements with respect to the maintenance, use, operation, storage, insurance, leasing, control, management or disposition of the Collateral or
any part thereof as the Loan Trustee may reasonably determine; and the Loan Trustee shall be entitled to collect and receive directly all tolls, rents, revenues, issues, income, products and profits of the Collateral and every part thereof, without
prejudice, however, to the rights of the Loan Trustee under any provision of this Indenture to collect and receive all cash held by, or required to be deposited with, the Loan Trustee hereunder. Such tolls, rents, revenues, issues, income, products
and profits shall be applied to pay the expenses of the use, operation, storage, insurance, leasing, control, management or disposition of the Collateral, and of all maintenance, repairs, replacements, alterations, additions and improvements, and to
make all payments that the Loan Trustee is required or elects to make, if any, for Taxes, insurance or other proper charges assessed against or otherwise imposed upon the Collateral or any part thereof, and all other payments which the Loan Trustee
is required or expressly authorized to make under any provision of this Indenture, as well as just and reasonable compensation for the services of the Loan Trustee, and shall otherwise be applied in accordance with Article III. 

If an Event of Default shall have occurred and be continuing and the Equipment Notes shall either have been accelerated pursuant to this
Section 4.02 or have become due at maturity and the Loan Trustee shall be entitled to exercise rights hereunder, at the request of the Loan Trustee, the Company shall promptly execute and deliver to the Loan Trustee such instruments of title
and other documents as the Loan Trustee reasonably deems necessary or advisable to enable the Loan Trustee or an agent or representative designated by the Loan Trustee, at such time or times and place or places as the Loan

  

	
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Trustee may specify, to obtain possession of all or any part of the Collateral to which the Loan Trustee shall at the time be entitled hereunder. If the Company shall for any reason fail to
execute and deliver such instruments and documents after such request by the Loan Trustee, the Loan Trustee may seek a judgment conferring on the Loan Trustee the right to immediate possession and requiring the Company to execute and deliver such
instruments and documents to the Loan Trustee, to the entry of which judgment the Company hereby specifically consents to the fullest extent it may lawfully do so. All actual and reasonable expenses of obtaining such judgment or of pursuing,
searching for and taking such property shall, until paid, be secured by the Lien of this Indenture. 
 (b) The Loan Trustee shall give the
Company at least 30 days’ prior written notice of any public sale or of the date on or after which any private sale will be held, which notice the Company hereby agrees to the extent permitted by applicable law is reasonable notice. Any
Noteholder or Noteholders shall be entitled to bid for and become the purchaser of any Collateral offered for sale pursuant to this Section 4.02 and to credit against the purchase price bid at such sale by such Noteholders all or any part of
the unpaid amounts owing to such Noteholders under the Operative Documents and secured by the Lien of this Indenture (but only to the extent that such purchase price would have been paid to such Noteholders pursuant to Article III if such purchase
price were paid in cash and the foregoing provision of this Section 4.02(b) were not given effect). The Loan Trustee may exercise such right without possession or production of the Equipment Notes or proof of ownership thereof, and as a
representative of the Noteholders may exercise such right without notice to the Noteholders as party to any suit or proceeding relating to the foreclosure of any Collateral. The Company shall also be entitled to bid for and become the purchaser of
any Collateral offered for sale pursuant to this Section 4.02. 
 (c) To the extent permitted by applicable law, the Company
irrevocably appoints, while an Event of Default has occurred and is continuing, the Loan Trustee the true and lawful attorney-in-fact of the Company (which appointment is coupled with an interest) in its name and stead and on its behalf, for the
purpose of effectuating any sale, assignment, transfer or delivery for the enforcement of the Lien of this Indenture, whether pursuant to foreclosure or power of sale, or otherwise, to execute and deliver all such bills of sale, assignments and
other instruments as may be necessary or appropriate, with full power of substitution, the Company hereby ratifying and confirming all that such attorney or any substitute shall do by virtue hereof in accordance with applicable law; provided
that if so requested by the Loan Trustee or any purchaser, the Company shall ratify and confirm any such sale, assignment, transfer or delivery, by executing and delivering to the Loan Trustee or such purchaser all bills of sale, assignments,
releases and other proper instruments to effect such ratification and confirmation as may reasonably be designated in any such request. 

  

	
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 (d) At any time after the Loan Trustee has declared the unpaid principal amount of all Equipment
Notes then outstanding to be due and payable, or all Equipment Notes shall have become due and payable as provided in the proviso to Section 4.02(a)(i), and, in either case, prior to the sale of any part of the Collateral pursuant to this
Article IV, a Majority in Interest of Noteholders, by written notice to the Company and the Loan Trustee, may rescind and annul such declaration, whether made by the Loan Trustee on its own accord or as directed or deemed declaration, and its
consequences if: (i) there has been paid to or deposited with the Loan Trustee an amount sufficient to pay all overdue installments of principal amount of, and interest on, the Equipment Notes, and all other amounts owing under the
Operative Documents, that have become due otherwise than by such declaration of acceleration and (ii) all other Events of Default, other than nonpayment of principal amount or interest on the Equipment Notes that have become due solely
because of such acceleration, have been either cured or waived; provided that no such rescission or annulment shall extend to or affect any subsequent default or Event of Default or impair any right consequent thereon. 

(e) Notwithstanding anything contained herein, (i) so long as the Pass Through Trustee under any Pass Through Trust Agreement or
the Subordination Agent on its behalf is a Noteholder, the Loan Trustee will not be authorized or empowered to acquire title to any Collateral or take any action with respect to any Collateral so acquired by it if such acquisition or action would
cause any Pass Through Trust to fail to qualify as a “grantor trust” for federal income tax purposes, and (ii) the Loan Trustee will not take any action that would violate Section 4.01(a)(ii) or Section 4.01(a)(iii)
of the Intercreditor Agreement. 
 Section 4.03. Remedies Cumulative. To the extent permitted under applicable law, each and
every right, power and remedy specifically given to the Loan Trustee herein or otherwise in this Indenture shall be cumulative and shall be in addition to every other right, power and remedy specifically given herein or now or hereafter existing at
law, in equity or by statute, and each and every right, power and remedy whether specifically given herein or otherwise existing may be exercised from time to time and as often and in such order as may be deemed expedient by the Loan Trustee, and
the exercise or the beginning of the exercise of any power or remedy shall not be construed to be a waiver of the right to exercise at the same time or thereafter any other right, power or remedy. No delay or omission by the Loan Trustee in the
exercise of any right, remedy or power or in the pursuance of any remedy shall, to the extent permitted by applicable law, impair any such right, power or remedy or be construed to be a waiver of any default on the part of the Company or to be an
acquiescence therein. 
 Section 4.04. Discontinuance of Proceedings. In case the Loan Trustee shall have instituted any
proceedings to enforce any right, power or remedy under this Indenture by foreclosure, entry or otherwise, and such proceedings shall have been 

  
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discontinued or abandoned for any reason or shall have been determined adversely to the Loan Trustee, then and in every such case the Company and the Loan Trustee shall, subject to any
determination in such proceedings, be restored to their former positions and rights hereunder with respect to the Collateral, and all rights, remedies and powers of the Loan Trustee shall continue as if no such proceedings had been undertaken (but
otherwise without prejudice). 
 Section 4.05. Waiver of Past Defaults. Upon written instruction from a Majority in Interest of
Noteholders, the Loan Trustee shall waive any past default hereunder and its consequences, and upon any such waiver such default shall cease to exist and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of
this Indenture and the other Operative Documents, but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon; provided that in the absence of written instructions from each of the affected
Noteholders, the Loan Trustee shall not waive any default (i) in the payment of the principal amount, Make-Whole Amount, if any, or interest due under any Equipment Note then outstanding (other
than with the consent of the holder thereof), or (ii) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of each such affected Noteholder. 

Section 4.06. Noteholders May Not Bring Suit Except Under Certain Conditions. A Noteholder of any Series shall not have the right
to institute any suit, action or proceeding at law or in equity or otherwise with respect to this Indenture for the appointment of a receiver or for the enforcement of any other remedy under this Indenture, unless: 

(1) such Noteholder previously shall have given written notice to the Loan Trustee of a continuing Event of Default; 

(2) a Majority in Interest of Noteholders shall have requested the Loan Trustee in writing to institute such action, suit or
proceeding and shall have offered to the Loan Trustee indemnity as provided in Section 5.03; 
 (3) the Loan Trustee
shall have refused or neglected to institute any such action, suit or proceeding for 60 days after receipt of such notice, request and offer of indemnity; and 

(4) no direction inconsistent with such written request shall have been given to the Loan Trustee during such 60-day period by a Majority in Interest of Noteholders. 

  
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 Except to the extent provided in the Intercreditor Agreement or in any Indenture Supplement, it
is understood and intended that no one or more of the Noteholders of any Series shall have any right in any manner whatsoever hereunder or under the Indenture Supplement or under the Equipment Notes of such Series to (i) surrender,
impair, waive, affect, disturb or prejudice any Collateral, or the Lien of the Indenture on any Collateral, or the rights of the Noteholders of such Series, (ii) obtain or seek to obtain priority over or preference with respect to any
other such Noteholder of such Series or (iii) enforce any right under this Indenture, except in the manner provided in this Indenture and for the equal, ratable and common benefit of all the Noteholders of such Series subject to the
provisions of this Indenture. 
 Section 4.07. Appointment of a Receiver. To the extent permitted by applicable law, if an Event
of Default shall have occurred and be continuing, and the Equipment Notes either shall have been accelerated pursuant to Section 4.02 or have become due at maturity, the Loan Trustee shall, as a matter of right, be entitled to the appointment
of a receiver (who may be the Loan Trustee or any successor or nominee thereof) for all or any part of the Collateral, whether such receivership be incidental to a proposed sale of the Collateral or the taking of possession thereof or otherwise,
and, to the extent permitted by applicable law, the Company hereby consents to the appointment of such a receiver and will not oppose any such appointment. Any receiver appointed for all or any part of the Collateral shall be entitled to exercise
all the rights and powers of the Loan Trustee with respect to the Collateral. 
 ARTICLE V 

DUTIES OF THE LOAN TRUSTEE 

Section 5.01. Notice of Event of Default. If the Loan Trustee shall have knowledge of an Event of Default or of a default arising
from a failure by the Company to pay when due any payment of principal amount, interest, or Make-Whole Amount, if any, due and payable under any Equipment Note, the Loan Trustee shall promptly give notice thereof to the Company, each Liquidity
Provider and each Noteholder by telegram, cable, facsimile or telephone (to be promptly confirmed in writing). Subject to the terms of Section 4.02, Section 4.05, Section 5.02 and Section 5.03, the Loan Trustee shall take such
action, or refrain from taking such action, with respect to such default or Event of Default (including with respect to the exercise of any rights or remedies hereunder) as the Loan Trustee shall be instructed in writing by a Majority in Interest of
Noteholders. Subject to the provisions of Section 5.03, if the Loan Trustee shall not have received instructions as above provided within 20 Business Days after giving notice of such default or Event of Default to the Noteholders, the Loan
Trustee may, subject to instructions thereafter received pursuant to the preceding provisions of this Section 5.01, take such action, or refrain from taking such action with respect to such default or Event

  
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of Default as it shall reasonably determine to be advisable and in the best interests of the Noteholders, but shall be under no duty to take or refrain from taking any action. The Loan Trustee
shall use the same degree of care and skill in connection therewith as a prudent person would use under the circumstances in the conduct of his or her own affairs. The Loan Trustee may not sell the Airframe or any Engine without the consent of a
Majority in Interest of Noteholders. 
 For all purposes of this Indenture, in the absence of actual knowledge, the Loan Trustee shall not
be deemed to have knowledge of a default or an Event of Default unless notified in writing by the Company or one or more Noteholders; and “actual knowledge” (as used in the foregoing clause) of the Loan Trustee shall mean actual knowledge
of an officer in the Corporate Trust Office of the Loan Trustee; provided that the Loan Trustee shall be deemed to have actual knowledge of (i) the failure of the Company to pay any principal amount of, or interest on, the
Equipment Notes directly to the Loan Trustee when the same shall become due or (ii) the failure of the Company to maintain insurance as required under Section 7.06 if the Loan Trustee receives written notice thereof from an insurer
or insurance broker. 
 Section 5.02. Action upon Instructions; Certain Rights and Limitations. Subject to the terms of Article
IV and this Article V, upon the written instructions at any time of a Majority in Interest of Noteholders, the Loan Trustee shall promptly (i) give such notice, direction, consent, waiver or approval or exercise such right, remedy or
power hereunder in respect of all or any part of the Collateral or (ii) take such other action permitted hereunder, in each case, as is specified in such instructions. 

The Loan Trustee will cooperate with the Company in connection with the recording, filing, re-recording and refiling of the Indenture and any
supplements to it and any financing statements or other documents as are necessary to maintain the perfection hereof or otherwise protect the security interests created hereby. The Loan Trustee shall furnish to the Company upon request such
information and copies of such documents as the Loan Trustee may have and as are necessary for the Company to perform its duties under Article II hereof. 

Section 5.03. Indemnification. The Loan Trustee shall not be required to take any action or refrain from taking any action under
Section 5.01 (other than the first sentence thereof) or Section 5.02 or Article IV unless it shall have received indemnification against any risks incurred in connection therewith in form and substance reasonably satisfactory to it,
including, without limitation, adequate advances against costs that may be actually incurred by it in connection therewith. The Loan Trustee shall not be required to take any action under Section 5.01 (other than the first sentence thereof) or
Section 5.02 or Article IV, nor shall any other provision of any Operative Document be deemed to impose a duty on the Loan Trustee to take any action, if the Loan Trustee shall have been advised by outside counsel that such action is contrary
to the terms hereof or is otherwise contrary to law. 

  
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 Section 5.04. No Duties Except as Specified in Indenture or Instructions. The Loan
Trustee shall not have any duty or obligation to manage, control, lease, use, sell, operate, store, dispose of or otherwise deal with the Aircraft or any other part of the Collateral, or to otherwise take or refrain from taking any action under, or
in connection with, this Indenture, except as expressly provided by the terms of this Indenture or the Participation Agreement or as expressly provided in written instructions received pursuant to the terms of Section 5.01 or Section 5.02;
and no implied duties or obligations shall be read into this Indenture against the Loan Trustee. 
 Section 5.05. No Action Except
under Indenture or Instructions. The Loan Trustee agrees that it will not manage, control, use, sell, lease, operate, store, dispose of or otherwise deal with the Aircraft or any other part of the Collateral except in accordance with the powers
granted to, or the authority conferred upon, the Loan Trustee pursuant to this Indenture and in accordance with the express terms hereof. 

Section 5.06. Investment of Amounts Held by the Loan Trustee. Any monies (including for the purpose of this Section 5.06 any
amounts held by the Loan Trustee pursuant to Section 3.02, Section 3.03 or Section 3.07 or pursuant to any provision of any other Operative Document providing for amounts to be held by the Loan Trustee which are not distributed
pursuant to the other provisions of Article III, or any cash received by the Loan Trustee pursuant to Section 7.05(c) or Section 7.06(d) or otherwise, or Permitted Investments purchased by the use of such cash pursuant to this
Section 5.06 or any cash constituting the proceeds of the maturity, sale or other disposition of any such Permitted Investments) held by the Loan Trustee hereunder as part of the Collateral, until paid out by the Loan Trustee as herein
provided, (i) subject to clause (ii) below and Section 3.07, may be carried by the Loan Trustee on deposit with itself or on deposit to its account with any bank, trust company or national banking association incorporated or
doing business under the laws of the United States or one of the states thereof having combined capital and surplus and retained earnings of at least $100,000,000, and the Loan Trustee shall not have any liability for interest upon any such monies
except as otherwise agreed in writing with the Company, or (ii) at any time and from time to time, so long as no Event of Default shall have occurred and be continuing, at the request of the Company, shall be invested and reinvested in
Permitted Investments as specified in such request (if such investments are reasonably available for purchase) and sold, in any case at such prices, including accrued interest or its equivalent, as are set forth in such request, and, as provided in
Section 3.07, such Permitted Investments shall be held by the Loan Trustee in trust as part of the Collateral until so sold; provided that the Company shall upon demand pay to the Loan Trustee the amount of any loss realized upon
maturity, sale or other disposition of any such Permitted Investment and, so long as no Event of Default 

  
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or Payment Default shall have occurred and be continuing, the Company shall be entitled to receive from the Loan Trustee, and the Loan Trustee shall promptly pay to the Company, any profit,
income, interest, dividend or gain realized upon maturity, sale or other disposition of any Permitted Investment. All Permitted Investments held by the Loan Trustee pursuant to this Section 5.06 shall be held pursuant to Section 3.07. If
an Event of Default or Payment Default shall have occurred and be continuing, any net income, profit, interest, dividend or gain realized upon maturity, sale or other disposition of any Permitted Investment shall be held as part of the Collateral
and shall be applied by the Loan Trustee at the same time, on the same conditions and in the same manner as the amounts in respect of which such income, profit, interest, dividend or gain was realized are required to be distributed in accordance
with the provisions hereof pursuant to which such amounts were required to be held. Subject to Section 3.03, at such time as there shall not be continuing any such Event of Default or Payment Default, such income, profit, interest, dividend or
gain shall be paid to the Company. In addition, subject to Section 3.03, if any moneys or investments are held by the Loan Trustee solely because an Event of Default or Payment Default has occurred and is continuing, at such time as there shall
not be continuing any such Event of Default or Payment Default, such moneys and investments shall be paid to the Company. The Loan Trustee shall not be responsible for any losses on any investments or sales of Permitted Investments made pursuant to
the procedure specified in this Section 5.06 other than by reason of its willful misconduct or negligence. 
 ARTICLE VI 

THE LOAN TRUSTEE 

Section 6.01. Acceptance of Trusts and Duties. WTC accepts the trusts and duties hereby created and applicable to it and agrees to
perform such duties, but only upon the terms of this Indenture and agrees to receive, handle and disburse all monies received by it as Loan Trustee constituting part of the Collateral in accordance with the terms hereof. WTC shall have no liability
hereunder except (a) for its own willful misconduct or negligence, (b) as provided in the fourth sentence of Section 2.03 and the last sentence of Section 5.06, (c) for liabilities that may result from
the inaccuracy of any representation or warranty of WTC in the Participation Agreement or expressly made hereunder and (d) as otherwise expressly provided in the Operative Documents. 

For the avoidance of doubt, the Loan Trustee shall also be accountable in its capacity as Securities Intermediary with respect to the Security
Account, as set forth in Section 3.07. 
 Section 6.02. Absence of Certain Duties. Except in accordance with written
instructions furnished pursuant to Section 5.01, Section 5.02 or Section 6.06, and except 

  
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as provided in, and without limiting the generality of, Section 5.02, Section 5.03 and Section 5.04, the Loan Trustee shall have no duty (a) to see to any registration
of the Aircraft or any recording or filing of this Indenture or any other document, or to see to the maintenance of any such registration, recording or filing, (b) to see to any insurance on the Aircraft or to effect or maintain any such
insurance, whether or not the Company shall be in default with respect thereto, (c) to confirm, verify or inquire into the failure to receive any financial statements of the Company or (d) to inspect the Aircraft at any time
or ascertain or inquire as to the performance or observance of any of the Company’s covenants hereunder with respect to the Aircraft. 

Section 6.03. No Representations or Warranties as to the Documents. Except as provided in Article V of the Participation
Agreement, the Loan Trustee shall not be deemed to have made any representation or warranty as to the validity, legality, enforceability or sufficiency of any Operative Document or any other document or instrument, or as to the correctness of any
statement (other than a statement by the Loan Trustee) contained herein or therein, except that the Loan Trustee hereby represents and warrants that each of said specified documents to which it is a party has been or will be duly executed and
delivered by one of its officers who is and will be duly authorized to execute and deliver such document on its behalf. 

Section 6.04. No Segregation of Monies; No Interest. Subject to Section 5.06 and except as provided in Section 3.07, all
moneys received by the Loan Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of
law, and neither the Loan Trustee nor any agent of the Loan Trustee shall be under any liability for interest on any moneys received by it hereunder; provided that any payments received, or applied hereunder, by the Loan Trustee shall be
accounted for by the Loan Trustee so that any portion thereof paid or applied pursuant hereto shall be identifiable as to the source thereof. 

Section 6.05. Reliance; Agents; Advice of Counsel. The Loan Trustee shall not incur any liability to anyone in acting upon any
signature, instrument, notice, resolution, request, consent, order, certificate, report, opinion, bond or other document or paper reasonably believed by it to be genuine and reasonably believed by it to be signed by the proper party or parties. The
Loan Trustee may accept a copy of a resolution of the Board of Directors of any party to the Participation Agreement, certified by the Secretary or an Assistant Secretary of such party as duly adopted and in full force and effect, as conclusive
evidence that such resolution has been duly adopted and that the same is in full force and effect. As to any fact or matter the manner of ascertainment of which is not specifically described herein, the Loan Trustee may for all purposes hereof rely
on a certificate, signed by a duly authorized officer of the Company, as to such fact or matter, and such certificate shall constitute full protection to the Loan Trustee for any action 

  
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taken or omitted to be taken by it in good faith in reliance thereon. In the administration of the trusts hereunder, the Loan Trustee may (a) execute any of the trusts or powers
hereof and perform its powers and duties hereunder directly or through agents (including paying agents or registrars) or attorneys, and (b) at the expense of the Collateral, consult with counsel, accountants and other skilled Persons to
be selected and retained by it; provided that, prior to retaining agents (including paying agents or registrars), counsel, accountants or other skilled Persons, so long as no Event of Default exists, the Loan Trustee shall obtain the
Company’s consent (such consent not to be unreasonably withheld). The Loan Trustee shall not be liable for anything done, suffered or omitted in good faith by it in accordance with the advice or opinion of any such counsel, accountants or other
skilled Persons acting within such counsel’s, accountants’ or Person’s area of competence (so long as the Loan Trustee shall have exercised reasonable care and judgment in selecting such Persons). 

Section 6.06. Instructions from Noteholders. In the administration of the trusts created hereunder, the Loan Trustee shall have
the right to seek instructions from a Majority in Interest of Noteholders should any provision of this Indenture appear to conflict with any other provision herein or any other Operative Document or Pass Through Document or should the Loan
Trustee’s duties or obligations hereunder be unclear, and the Loan Trustee shall incur no liability in refraining from acting until it receives such instructions. The Loan Trustee shall be fully protected for acting in accordance with any
instructions received under this Section 6.06. 
 ARTICLE VII 

OPERATING COVENANTS OF THE COMPANY 

Section 7.01. Liens. The Company will not directly or indirectly create, incur, assume or suffer to exist any Lien on or with
respect to the Aircraft, its title thereto or any of its interest therein, except: 
 (a) the Lien of this Indenture, the
rights of any Permitted Lessee under a Lease permitted hereunder and the rights of any Person existing pursuant to the Operative Documents or the Pass Through Documents; 

(b) the rights of others under agreements or arrangements to the extent expressly permitted by this Indenture; 

(c) Loan Trustee Liens, Noteholder Liens and Other Party Liens; 

(d) Liens for Taxes either not yet overdue or being contested in good faith by appropriate proceedings so long as such
proceedings do not involve any material risk of the sale, forfeiture or loss of the Airframe or any Engine or the Loan Trustee’s interest therein or impair the Lien of this Indenture; 

  
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 (e) materialmen’s, mechanics’, workers’, landlords’,
repairmen’s, employees’ or other like Liens arising in the ordinary course of business (including those arising under maintenance agreements entered into in the ordinary course of business) securing obligations that either are not yet
overdue for a period of more than 60 days or are being contested in good faith by appropriate proceedings so long as such proceedings do not involve any material risk of the sale, forfeiture or loss of the Airframe or any Engine or the Loan
Trustee’s interest therein or impair the Lien of this Indenture; 
 (f) Liens arising out of any judgment or award, so
long as such judgment or award shall, within 60 days after the entry thereof, have been discharged, vacated or reversed, or execution thereof stayed pending appeal or other judicial review or shall have been discharged, vacated or reversed within 60
days after the expiration of such stay, and so long as during any such 60 day period there is not, or any such judgment or award does not involve, (x) any material risk of the sale, forfeiture or loss of the Aircraft, the Airframe or any
Engine or the interest of the Loan Trustee therein or (y) any impairment of the Lien of the Indenture; 
 (g) any
other Lien with respect to which the Company or any Permitted Lessee shall have provided a bond, cash collateral or other security adequate in the reasonable opinion of the Loan Trustee; 

(h) salvage or similar rights of insurers under insurance policies maintained by the Company; and 

(i) Liens approved in writing by the Loan Trustee with the consent of a Majority in Interest of Noteholders. 

Liens described in clauses (a) through (i) above are referred to herein as “Permitted Liens”. The Company shall promptly, at its own
expense, take (or cause to be taken) such action as may be necessary duly to discharge (by bonding or otherwise) any Lien other than a Permitted Lien arising at any time with respect to the Aircraft, its title thereto or any of its interest therein.

 Section 7.02. Possession, Operation and Use, Maintenance and Registration. (a) Possession. The Company shall not,
without the prior written consent of the Loan Trustee, lease or otherwise in any manner deliver, transfer or relinquish possession of the Aircraft, the Airframe or any Engine or install any Engine, or permit any Engine to be

  
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installed, on any airframe other than the Airframe; provided that, so long as the Company shall comply with the provisions of Section 7.06, the Company may without the prior written
consent of the Loan Trustee: 
 (i) subject, or permit any Permitted Lessee to subject, the Airframe to interchange
agreements or subject such Engine to interchange, pooling, borrowing or other agreements or arrangements, in each case customary in the airline industry and entered into by the Company or such Permitted Lessee in the ordinary course of its business;
provided that if the Company’s title to any such Engine shall be divested under any such agreement or arrangement, such divestiture shall be deemed to be an Event of Loss with respect to such Engine, and the Company shall comply with
Section 7.05(b) in respect thereof; 
 (ii) deliver, or permit any Permitted Lessee to deliver, possession of the
Airframe or such Engine or any Part (x) to any Person for testing, service, repair, reconditioning, restoration, storage, maintenance, overhaul work or other similar purposes or for alterations, modifications or additions to the Airframe or
such Engine to the extent required or permitted by the terms hereof or (y) to any Person for the purpose of transport to a Person referred to in the preceding clause (x); 

(iii) transfer or permit the transfer of possession of the Airframe or such Engine to any Government pursuant to a lease,
contract or other instrument; 
 (iv) subject, or permit any Permitted Lessee to subject, the Airframe or such Engine to the
CRAF Program or transfer possession of the Airframe or such Engine to the United States government in accordance with applicable laws, rulings, regulations or orders (including, without limitation, any transfer of possession pursuant to the CRAF
Program); provided that the Company (A) shall promptly notify the Loan Trustee upon transferring possession of the Airframe or such Engine pursuant to this clause (iv) and (B) in the case of a transfer of
possession pursuant to the CRAF Program, shall notify the Loan Trustee of the name and address of the responsible Contracting Office Representative for the Air Mobility Command of the United States Air Force or other appropriate Person to whom
notices must be given and to whom requests or claims must be made to the extent applicable under the CRAF Program; 
 (v)
install, or permit any Permitted Lessee to install, an Engine on an airframe owned by the Company (or any Permitted Lessee) free and clear of all Liens, except (A) Permitted Liens and Liens that apply only to the engines (other than
Engines), appliances, parts, instruments, appurtenances, accessories, furnishings and other equipment (other than Parts) installed on such airframe (but 

  
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not to the airframe as an entirety) and (B) the rights of third parties under interchange agreements or pooling or similar arrangements that would be permitted under clause
(i) above; 
 (vi) install, or permit any Permitted Lessee to install, an Engine on an airframe leased, purchased or
owned by the Company (or any Permitted Lessee) subject to a lease, conditional sale and/or other security agreement; provided that (A) such airframe is free and clear of all Liens except (1) the rights of the parties
to the lease or any conditional sale or security agreement covering such airframe, or their successors and assigns, and (2) Liens of the type permitted by clause (v) of this Section 7.02(a) and (B) either
(1) the Company shall have obtained from the lessor, conditional vendor or secured party of such airframe a written agreement (which may be a copy of the lease, conditional sale or other security agreement covering such airframe), in
form and substance satisfactory to the Loan Trustee (it being understood that an agreement from such lessor, conditional vendor or secured party substantially in the form of the penultimate paragraph of this Section 7.02(a) shall be deemed to
be satisfactory to the Loan Trustee), whereby such lessor, conditional vendor or secured party expressly agrees that neither it nor its successors or assigns will acquire or claim any right, title or interest in such Engine by reason of such Engine
being installed on such airframe at any time while such Engine is subject to the Lien of this Indenture or (2) such lease, conditional sale or other security agreement provides that such Engine shall not become subject to the Lien of
such lease, conditional sale or other security agreement at any time while such Engine is subject to the Lien of this Indenture, notwithstanding the installation thereof on such airframe; 

(vii) install, or permit any Permitted Lessee to install, an Engine on an airframe owned by the Company (or any Permitted
Lessee), leased to the Company (or any Permitted Lessee) or purchased by the Company (or any Permitted Lessee) subject to a conditional sale or other security agreement under circumstances where neither clause (v) nor clause (vi) of this
Section 7.02(a) is applicable; provided that such installation shall be deemed an Event of Loss with respect to such Engine, and the Company shall comply with Section 7.05(b) in respect thereof, if such installation shall adversely
affect the Loan Trustee’s security interest in such Engine, the Loan Trustee not intending hereby to waive any right or interest it may have to or in such Engine under applicable law until compliance by the Company with Section 7.05(b);

 (viii) lease such Engine or the Airframe and Engines to any United States air carrier as to which there is in force a
certificate issued pursuant to the Transportation Code (49 U.S.C. §§41101-41112) or successor provision that gives like authority, or to any manufacturer of airframes or engines (or an Affiliate

  
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thereof acting under an unconditional guarantee of such manufacturer), so long as such manufacturer and, if applicable, such Affiliate is domiciled in the United States); provided that no
Event of Default shall exist at the time any such lease is entered into; and 
 (ix) lease such Engine or the Airframe and
Engines to (A) any foreign air carrier that is at the inception of the lease based in and a domiciliary of a country listed in Exhibit B hereto, (B) any foreign manufacturer of airframes or engines (or a foreign
Affiliate of a United States or foreign manufacturer of airframes or engines acting under an unconditional guarantee of such manufacturer), so long as such foreign manufacturer or (if applicable) foreign Affiliate is domiciled in a country indicated
with an asterisk on Exhibit B hereto, or (C) any foreign air carrier consented to in writing by the Loan Trustee with the consent of a Majority in Interest of Noteholders; provided that (x) in the case of a
lease to, or guarantee by, any entity pursuant to this Section 7.02(a)(ix), (1) other than a foreign carrier principally based in Taiwan, the United States maintains diplomatic relations with the country in which such entity is
based and domiciled at the time such lease is entered into, (2) no Event of Default exists at the time such lease is entered into and (3) such entity is not then subject to any bankruptcy, insolvency, liquidation,
reorganization, dissolution or similar proceeding and shall not have substantially all of its property in the possession of any liquidator, trustee, receiver or similar person, and (y) in the case of a lease to any foreign manufacturer
or foreign Affiliate under clause (B) above, the re-registration conditions set forth in Section 7.02(e) shall be satisfied notwithstanding anything to the contrary in such clause (B); 

provided that the rights of any lessee or other transferee who receives possession of the Aircraft, the Airframe or any Engine by reason of a transfer
permitted by this Section 7.02(a) (other than the transfer of an Engine which is deemed an Event of Loss) shall be subject and subordinate to, and any permitted lease shall be made expressly subject and subordinate to, all the terms of this
Indenture, including the Loan Trustee’s rights to repossess pursuant to Section 4.02 and to avoid such lease upon such repossession, and the Company shall remain primarily liable hereunder for the performance and observance of all of the
terms and conditions of this Indenture to the same extent as if such lease or transfer had not occurred, any such lease shall include appropriate provisions for the maintenance and insurance of the Aircraft, the Airframe or such Engine, and no lease
or transfer of possession otherwise in compliance with this Section shall (x) result in any registration or re-registration of the Aircraft except to the extent permitted in Section 7.02(e) or the maintenance, operation or use
thereof that does not comply with Section 7.02(b) and Section 7.02(c) or (y) permit any action not permitted to be taken by the Company with respect to the Aircraft hereunder. The Company shall promptly notify the Loan Trustee
and the Rating Agencies of the existence of any such lease with a term in excess of one year. 

  
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 The Loan Trustee, and each Noteholder by acceptance of an Equipment Note, and each Related
Noteholder by acceptance of a Related Equipment Note, agrees, for the benefit of the Company (and any Permitted Lessee) and for the benefit of the lessor, conditional vendor or secured party of any airframe or engine leased to the Company (or any
Permitted Lessee) or leased to or purchased or owned by the Company (or any Permitted Lessee) subject to a conditional sale or other security agreement, that the Loan Trustee and the Noteholders will not acquire or claim, as against the Company (or
any Permitted Lessee) or such lessor, conditional vendor or secured party, any right, title or interest in (A) any engine or engines owned by the Company (or any Permitted Lessee) or the lessor under such lease or subject to a security
interest in favor of the secured party under any conditional sale or other security agreement as the result of such engine or engines being installed on the Airframe at any time while such engine or engines are subject to such lease or conditional
sale or other security agreement or (B) any airframe owned by the Company (or any Permitted Lessee) or the lessor under such lease or subject to a security interest in favor of the secured party under any conditional sale or other
security agreement as the result of any Engine being installed on such airframe at any time while such airframe is subject to such lease or conditional sale or other security agreement. 

The Loan Trustee acknowledges that any “wet lease” or other similar arrangement under which the Company maintains operational
control of the Aircraft shall not constitute a delivery, transfer or relinquishment of possession for purposes of this Section 7.02(a). 

(b) Operation and Use. The Company agrees that the Aircraft will not be maintained, used, serviced, repaired, overhauled or operated in
violation of any law, rule or regulation of any government of any country having jurisdiction over the Aircraft or in violation of any airworthiness certificate, license or registration relating to the Aircraft issued by any such government, except
(i) immaterial or non-recurring violations with respect to which corrective measures are taken promptly by the Company or the Permitted Lessee, as the case may be, or (ii) to the extent the Company or the Permitted Lessee is contesting in
good faith the validity or application of any such law, rule or regulation or airworthiness certificate, license or registration in any manner that does not involve any material risk of sale, forfeiture or loss of the Aircraft or impair the Lien of
this Indenture; provided that the Company shall not be in default under, or required to take any action set forth in, this sentence if it is not possible for it to comply with the laws of a jurisdiction other than the United States (or other
than any jurisdiction in which the Aircraft is then registered) because of a conflict with the applicable laws of the United States (or such jurisdiction in which the Aircraft is then registered). The Company shall

  
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also have the right to operate the Aircraft without having on board the original registration certificate or airworthiness certificate in the event that either or both such certificates disappear
from the Aircraft, but only to the extent permitted by Exemption No. 5318 of the regulations of the FAA or other similar exemption. The Company will not operate the Aircraft, or permit the Aircraft to be operated or located, (i) in
any area excluded from coverage by any insurance required by the terms of Section 7.06 or (ii) in any war zone or recognized or, in the Company’s judgment, threatened areas of hostilities unless covered by war risk insurance in
accordance with Section 7.06, unless in the case of either clause (i) or (ii), (x) governmental indemnification complying with Section 7.06(a) and Section 7.06(b) has been provided or (y) the Aircraft is
only temporarily located in such area as a result of an isolated occurrence or isolated series of occurrences attributable to a hijacking, medical emergency, equipment malfunction, weather conditions, navigational error or other similar unforeseen
circumstances or any other circumstances beyond the reasonable control of the Company and the Company (or any Permitted Lessee) is using its good faith efforts to remove the Aircraft from such area as promptly as practicable. 

(c) Maintenance. The Company shall maintain, service, repair and overhaul the Aircraft (or cause the same to be done) in accordance
with a maintenance program for [Airbus A321]14 [Boeing 737-800]15 [Boeing 777-300ER]16
[Boeing 787-8]17 aircraft approved by the FAA or, if the Aircraft is not registered in the United States, (1) the EASA or the JAA, (2) the central aviation authority of
Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Spain, Switzerland or the United Kingdom, or (3) the central aviation authority of any country with
aircraft maintenance standards that are substantially similar to those of the United States or any of the foregoing authorities or countries, (i) so as to keep the Aircraft in as good operating condition as on the Closing Date, ordinary
wear and tear excepted, and in such condition as may be necessary to enable the airworthiness certification of the Aircraft to be maintained in good standing at all times (other than (v) during temporary periods of storage, during maintenance,
testing or modification permitted hereunder, (w) during periods of grounding by applicable governmental authorities, (x) during periods when the FAA or such other aviation authority has revoked or suspended the airworthiness certificates
for aircraft of the same manufacturer and model as the Aircraft, (y) with respect to minor or nonrecurring violations with respect to 

 

	14 	To be inserted for [Airbus A321] aircraft. 

	15 	To be inserted for [Boeing 737-800] aircraft. 

	16 	To be inserted for [Boeing 777-300ER] aircraft. 

	17 	 To be inserted for [Boeing 787-8] aircraft. 

  
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which corrective measures are taken upon discovery thereof and (z) to the extent the Company or Permitted Lessee is promptly contesting in good faith the validity or application of any law
or requirement relating to any such certification in any reasonable manner which does not create a material risk of sale, loss or forfeiture of the Aircraft, the Airframe or any Engine or the interest of the Loan Trustee therein or any material risk
of criminal liability or material civil penalty against the Loan Trustee) under the Transportation Code, during such periods in which the Aircraft is registered under the laws of the United States, or, if the Aircraft is registered under the laws of
any other jurisdiction, the applicable laws of such jurisdiction and (ii) using the same standards as the Company or, in the case of a lease permitted pursuant to Section 7.02(a), the applicable Permitted Lessee uses with respect to
similar aircraft operated by the Company or such Permitted Lessee, as the case may be, in similar circumstances (in any case, without limitation of the Company’s obligations under the preceding clause (i)). The Company shall maintain or cause
to be maintained all records, logs and other documents required to be maintained in respect of the Aircraft by appropriate authorities in the jurisdiction in which the Aircraft is registered. 

(d) Identification of Loan Trustee’s Interest. If not prevented by applicable law or regulations or by any government, the Company
agrees to affix as promptly as practicable after the Closing Date and thereafter to maintain in the cockpit of the Aircraft, in a clearly visible location, and on each Engine, a nameplate bearing the inscription “MORTGAGED TO WILMINGTON TRUST
COMPANY, AS LOAN TRUSTEE” (such nameplate to be replaced, if necessary, with a nameplate reflecting the name of any successor Loan Trustee). Such placards may be removed temporarily, if necessary, in the course of maintenance of the Airframe or
Engines. If any such nameplate is damaged beyond repair or becomes illegible, the Company shall promptly replace it with a nameplate complying with the requirements of this Section. 

(e) Registration. The Company shall cause the Aircraft to remain duly registered, under the laws of the United States, in the name of
the Company except as otherwise required by the Transportation Code; provided that the Loan Trustee shall, at the Company’s expense, execute and deliver all such documents as the Company may reasonably request for the purpose of
continuing such registration. Notwithstanding the preceding sentence, the Company, at its own expense, may cause or allow the Aircraft to be duly registered under the laws of any foreign jurisdiction in which a Permitted Lessee could be principally
based, in the name of the Company or of any nominee of the Company, or, if required by applicable law, in the name of any other Person (and, following any such foreign registration, may cause the Aircraft to be
re-registered under the laws of the United States); provided that in the case of jurisdictions other than those approved by the Loan Trustee with the consent of a Majority in Interest of Noteholders
(i) if such jurisdiction is at the time of registration listed on Exhibit B, the Loan Trustee shall have received at the time of such registration an opinion of counsel to the Company

  
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to the effect that (A) this Indenture and the Loan Trustee’s right to repossession thereunder is valid and enforceable under the laws of such country, (B) after
giving effect to such change in registration, the Lien of this Indenture shall continue as a valid Lien and shall be duly perfected in the new jurisdiction of registration and that all filing, recording or other action necessary to perfect and
protect the Lien of this Indenture has been accomplished (or if such opinion cannot be given at such time, (x) the opinion shall detail what filing, recording or other action is necessary and (y) the Loan Trustee shall have
received a certificate from a Responsible Officer of the Company that all possible preparations to accomplish such filing, recording and other action shall have been done, and such filing, recording and other action shall be accomplished and a
supplemental opinion to that effect shall be promptly delivered to the Loan Trustee subsequent to the effective date of such change in registration), (C) the obligations of the Company under this Indenture shall remain valid, binding and
(subject to customary bankruptcy and equitable remedies exceptions and to other exceptions customary in foreign opinions generally) enforceable under the laws of such jurisdiction (or the laws of the jurisdiction to which the laws of such
jurisdiction would refer as the applicable governing law) and (D) all approvals or consents of any government in such jurisdiction having jurisdiction required for such change in registration shall have been duly obtained and shall be in
full force and effect, and (ii) if such jurisdiction is at the time of registration not listed on Exhibit B, the Loan Trustee shall have received (in addition to the opinions set forth in clause (i) above) at the time of such
registration an opinion of counsel to the Company to the effect that (A) the terms of this Indenture are legal, valid, binding and enforceable in such jurisdiction (subject to exceptions customary in such jurisdiction, provided
that, subject to bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights of creditors generally, and to general principles of equity, any applicable laws limiting the remedies provided in Section 4.02 do not in
the opinion of such counsel make the remedies provided in Section 4.02 inadequate for the practical realization of the rights and benefits provided thereby), (B) that it is not necessary for the Loan Trustee to register or qualify
to do business in such jurisdiction, (C) that there is no tort liability of the lender of an aircraft not in possession thereof under the laws of such jurisdiction other than tort liability that might have been imposed on such lender
under the laws of the United States or any state thereof (it being understood that such opinion shall be waived if insurance reasonably satisfactory to the Loan Trustee is provided, at the Company’s expense, to cover such risk) and
(D) (unless the Company shall have agreed to provide insurance covering the risk of requisition of use or title of the Aircraft by the government of such jurisdiction so long as the Aircraft is registered under the laws of such
jurisdiction) that the laws of such jurisdiction require fair compensation by the government of such jurisdiction payable in currency freely convertible into Dollars for the loss of use or title of the Aircraft in the event of requisition by such
government of such use or title. The Loan Trustee will cooperate with the Company in effecting such foreign registration. Notwithstanding the foregoing, prior to any such change in the country of registry of the Aircraft, the following conditions
shall be met (or waived as provided in Section 6.01(b) of the Participation Agreement): 
 (i) no Event of Default shall
have occurred and be continuing at the effective date of the change in registration; provided that it shall not be necessary to comply with this condition if the change in registration results in the registration of the Aircraft under the
laws of the United States or if a Majority in Interest of Noteholders consents to such change in registration; 

  
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 (ii) the Loan Trustee shall have received evidence of compliance with the
insurance provisions contained herein after giving effect to such change in registration; and 
 (iii) the Company shall have
paid or made provision reasonably satisfactory to the Loan Trustee for the payment of all reasonable expenses (including reasonable attorneys’ fees) of the Loan Trustee and the Noteholders in connection with such change in registration. 

The Company shall (i) take such actions as may be required to be taken by the Company so that any International Interest arising
in relation to this Indenture, the Aircraft, any Replacement Aircraft, any Engine or Replacement Engine may be duly registered (and any such registration may be assigned, amended, extended or discharged) at the International Registry, and
(ii) obtain from the International Registry all approvals as may be required duly and timely to perform the Company’s obligations under this Indenture with respect to the registration of any such International Interest. The Loan
Trustee shall take all actions necessary with respect to the International Registry to consent to the Company’s initiation of any registrations required under this Indenture to enable the Company to complete such registrations, including,
without limitation, appointing Daugherty, Fowler, Peregrin, Haught & Jenson, a Professional Corporation or another firm of qualified FAA counsel, as its “professional user entity” (as defined in the Cape Town Treaty) to consent to
any registrations on the International Registry with respect to the Airframe or any Engine. 
 Section 7.03. Inspection. At all
reasonable times, but upon at least 15 Business Days’ prior written notice to the Company, the Loan Trustee or its authorized representative may, subject to the other conditions of this Section 7.03(a), inspect the Aircraft and may inspect
the books and records of the Company required to be maintained by the FAA or the government of another jurisdiction in which the Aircraft is then registered relating to the maintenance of the Aircraft; provided that (i) the Loan
Trustee or its representative shall be fully insured at no cost to the Company in a manner satisfactory to the Company with respect to any risks incurred in connection with any such inspection or shall provide to the Company a written release
satisfactory to the 

  
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Company with respect to such risks, (ii) any such inspection shall be subject to the safety, security and workplace rules applicable at the location where such inspection is conducted
and any applicable governmental rules or regulations, (iii) any such inspection of the Aircraft shall be a visual, walk-around inspection of the interior and exterior of the Aircraft and shall not include opening any panels, bays or the
like without the Company’s express consent, which consent the Company may in its sole discretion withhold, and (iv) no exercise of such inspection right shall interfere with the use, operation or maintenance of the Aircraft by, or
the business of, the Company and the Company shall not be required to undertake or incur any additional liabilities in connection therewith. All information obtained in connection with any such inspection of the Aircraft and of such books and
records shall be Confidential Information and shall be treated by the Loan Trustee and its representatives in accordance with the provisions of Section 10.16. Any inspection pursuant to this Section 7.03(a) shall be at the sole risk
(including, without limitation, any risk of personal injury or death) and expense of the Loan Trustee (or its representative), as the case may be, making such inspection. Except during the continuance of an Event of Default, all inspections by the
Loan Trustee and its representatives provided for under this Section 7.03(a) shall be limited to one inspection of any kind contemplated by this Section 7.03(a) during any calendar year. 

Section 7.04. Replacement and Pooling of Parts; Alterations, Modifications and Additions; Airframe and Engine Substitutions.
(a) Replacement of Parts. The Company, at its own expense, shall, or shall cause a Permitted Lessee to, at its own expense, promptly replace all Parts that may from time to time be incorporated or installed in or attached to the Airframe
or any Engine and that may from time to time become worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or rendered permanently unfit for use for any reason whatsoever, except as otherwise provided in Section 7.04(c)
or if the Airframe or an Engine to which a Part relates has suffered an Event of Loss. In addition, the Company, at its own expense, may, or may permit a Permitted Lessee at its own expense to, remove (or cause to be removed) in the ordinary course
of maintenance, service, repair, overhaul or testing, any Parts, whether or not worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or rendered permanently unfit for use; provided that the Company, except as
otherwise provided in Section 7.04(c), at its own expense, will, or will cause a Permitted Lessee at its own expense to, replace such Parts as promptly as practicable. All replacement Parts shall be free and clear of all Liens (except for
Permitted Liens and except in the case of replacement property temporarily installed on an emergency basis) and shall have a value and utility at least equal to the Parts replaced, assuming such replaced Parts were in the condition and repair
required to be maintained by the terms hereof. Except as otherwise provided in Section 7.04(c), all Parts at any time removed from the Airframe or any Engine shall remain subject to the Lien of this Indenture no matter where located until such
time as such Parts shall be replaced by parts that have been incorporated or installed 

  
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in or attached to the Airframe or such Engine and that meet the requirements for replacement Parts specified above. Immediately upon any replacement Part becoming incorporated or installed in or
attached to the Airframe or any Engine as above provided (except in the case of replacement property temporarily installed on an emergency basis), without further act, (i) the replaced Part shall thereupon be free and clear of all rights
of the Loan Trustee and of the Lien of this Indenture and shall no longer be deemed a Part hereunder and (ii) such replacement Part shall become subject to the Lien of this Indenture and be deemed a Part of the Airframe or such Engine
for all purposes to the same extent as the Parts originally incorporated or installed in or attached to the Airframe or such Engine. Upon request of the Company from time to time, the Loan Trustee shall execute and deliver to the Company an
appropriate instrument confirming the release of any such replaced Part from the Lien of this Indenture. 
 (b) Pooling of Parts. Any
Part removed from the Airframe or any Engine as provided in Section 7.04(a) may be subjected by the Company or a Person permitted to be in possession of the Aircraft to a pooling arrangement customary in the airline industry entered into in the
ordinary course of the Company’s or such Person’s business; provided that the part replacing such removed Part shall be incorporated or installed in or attached to the Airframe or such Engine in accordance with Section 7.04(a)
as promptly as practicable after the removal of such removed Part. In addition, any replacement Part when incorporated or installed in or attached to the Airframe or any Engine may be owned by any third party subject to such a pooling arrangement;
provided that the Company, at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in the Company free and clear of all Liens (except Permitted Liens), or
(ii) replaces such replacement Part by incorporating or installing in or attaching to the Airframe or such Engine a further replacement Part in the manner contemplated by Section 7.04(a). 

(c) Alterations, Modifications and Additions. The Company will, or will cause a Permitted Lessee to, make (or cause to be made) such
alterations and modifications in and additions to the Airframe and the Engines as may be required from time to time to meet the applicable requirements of the FAA or any applicable government of any other jurisdiction in which the Aircraft may then
be registered, except for (i) immaterial and non-recurring violations with respect to which corrective measures are being taken promptly by Company or a Permitted Lessee and (ii) any law, rule, regulation or order the validity or
application of which is being contested in good faith by the Company or any Permitted Lessee in any reasonable manner which does not materially adversely affect the Loan Trustee’s interest in the Aircraft, does not impair the Loan
Trustee’s security interest or International Interest in the Aircraft and does not involve any material risk of sale, forfeiture or loss of the Aircraft. In addition, the Company, at its own expense, may, or may permit a Permitted Lessee at its
own expense to, from time to time add further parts or accessories and make or cause to be made such 

  
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alterations and modifications in and additions to the Airframe or any Engine as the Company or such Permitted Lessee may deem desirable in the proper conduct of its business, including, without
limitation, removal (without replacement) of Parts, provided that no such alteration, modification or addition shall materially diminish the value or utility of the Airframe or such Engine below its value or utility, immediately prior to such
alteration, modification or addition, assuming that the Airframe or such Engine was then in the condition required to be maintained by the terms of this Indenture, except that the value (but not the utility) of the Airframe or any Engine may be
reduced by the value of any such Parts that shall have been removed that the Company or such Permitted Lessee deems obsolete or no longer suitable or appropriate for use on the Airframe or any Engine. For the avoidance of doubt, Company may make
alterations in the passenger configuration of the Aircraft and such alterations shall not be subject to the immediately preceding sentence. All Parts incorporated or installed in or attached or added to the Airframe or any Engine as the result of
such alteration, modification or addition shall be free and clear of any Liens, other than Permitted Liens, and shall, without further act, be subject to the Lien of this Indenture. Notwithstanding the foregoing, the Company or any Permitted Lessee
may, at any time, remove any Part from the Airframe or any Engine if such Part: (i) is in addition to, and not in replacement of or substitution for, any Part originally incorporated or installed in or attached to the Airframe or such
Engine at the time of delivery thereof to the Company or such Permitted Lessee or any Part in replacement of, or substitution for, any such Part, (ii) is not required to be incorporated or installed in or attached or added to the
Airframe or such Engine pursuant to the first sentence of this Section 7.04(c) or Section 7.02(d) and (iii) can be removed from the Airframe or such Engine without materially diminishing the value or utility required to be
maintained by the terms of this Indenture that the Airframe or such Engine would have had such Part never been installed on the Airframe or such Engine. Upon the removal by the Company of any Part as permitted by this Section 7.04(c), such
removed Part shall, without further act, be free and clear of all rights and interests of the Loan Trustee and the Lien of this Indenture and shall no longer be deemed a Part hereunder. Upon request of the Company from time to time, the Loan Trustee
shall execute and deliver to the Company an appropriate instrument confirming the release of any such removed Part from the Lien of this Indenture. Parts of the type permitted to be removed by this Section 7.04(c) may be leased from or financed
by third parties other than the Loan Trustee. Notwithstanding any other provision of this Indenture, Company may, at any time, install or permit to be installed in the Aircraft Passenger Convenience Equipment owned by Company or any Permitted
Lessee or by third parties and leased or otherwise furnished to Company in the ordinary course of business (including pursuant to a conditional sale contract, a license or otherwise), and Company may remove (and not replace) or permit to be removed
(and not replaced) the same, and Loan Trustee shall not acquire a Lien thereon by virtue of such installation or otherwise, and the rights of the owners therein shall not constitute a default under this Indenture, it being acknowledged

  
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and agreed, however, that in no event shall the installation of any such Passenger Convenience Equipment impair or otherwise affect the rights and remedies of the Loan Trustee hereunder and under
applicable law. 
 (d) Substitution of Engines. The Company shall have the right at its option at any time, on at least 30 days’
prior written notice to the Loan Trustee, to substitute a Replacement Engine for any Engine. In such event, and prior to the date of such substitution, the Company shall replace such Engine hereunder by complying with the terms of
Section 7.05(b) to the same extent as if an Event of Loss had occurred with respect to such Engine. 
 (e) Substitution of
Airframe. The Company shall have the right at its option at any time, on at least 10 Business Days’ prior written notice to the Loan Trustee, to substitute a Substitute Airframe, free and clear of all Liens (other than Permitted Liens), for
the Airframe so long as (i) no Event of Default shall have occurred and be continuing at the time of substitution, (ii) the Substitute Airframe has a date of manufacture no earlier than one year prior to the date of
manufacture of the Airframe subject to the Lien of this Indenture on the Closing Date (each such date of manufacture, in each case, to be deemed to be the date of original delivery of the applicable airframe to a customer by the Manufacturer) and
(iii) the Substitute Airframe has a MCMV (as defined below) at least equal to the MCMV of the Airframe being replaced by the Substitute Airframe (assuming that the Airframe had been maintained in accordance with the Indenture), in each
case as determined by a desktop appraisal dated as of a date within the 60-day period prior to the substitution performed by an Appraiser selected by the Company. “MCMV” is the “current market value” (as defined by the
International Society of Transport Aircraft Trading or any successor organization) adjusted for the maintenance status of the Substitute Airframe and the Airframe being replaced by the Substitute Airframe, as applicable, such maintenance status to
be based upon maintenance data provided by the Company to the applicable Appraiser with respect to the Substitute Airframe and such Airframe as of the same date within the 60-day period prior to the substitution for both the Substitute Airframe and
such Airframe. 
 Prior to or at the time of any substitution under this Section 7.04(e), the Company will (A) cause an
Indenture Supplement covering such Substitute Airframe to be delivered to the Loan Trustee for execution and, upon such execution, to be filed for recordation pursuant to the Transportation Code or the applicable laws of any other jurisdiction in
which the Aircraft may then be registered, (B) cause the sale of such Substitute Airframe to the Company (if occurring after February 28, 2006 and if the seller of such Substitute Airframe is “situated in” a country that
has ratified the Cape Town Convention) and the International Interest created pursuant to the Indenture Supplement in favor of the Loan Trustee with respect to such Substitute Airframe to be registered on the International Registry as a sale or an
International Interest, respectively; provided that 

  
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if the seller of such Substitute Airframe is not situated in a country that has ratified the Cape Town Convention, the Company will use its reasonable efforts to cause the seller to register the
contract of sale on the International Registry, (C) cause a financing statement or statements with respect to such Substitute Airframe or other requisite documents or instruments to be filed in such place or places as necessary in order
to perfect the Loan Trustee’s interest therein in the United States, or in any other jurisdiction in which the Aircraft may then be registered, (D) furnish the Loan Trustee with an opinion of counsel to the Company (which may be
external counsel or the Company’s General Counsel, Deputy General Counsel or Associate General Counsel or such other internal counsel of the Company as shall be reasonably satisfactory to the Loan Trustee) addressed to the Loan Trustee to the
effect that upon such substitution, such Substitute Airframe will be subject to the Lien of this Indenture and addressing the matters set forth in clauses (A), (B) and (C), (E) furnish the Loan Trustee with evidence of compliance
with the insurance provisions of Section 7.06 with respect to such Substitute Airframe, (F) furnish the Loan Trustee with a copy of the original bill of sale respecting such Substitute Airframe and (G) furnish the Loan
Trustee with an opinion of counsel to the Company (which may be external counsel or the Company’s General Counsel, Deputy General Counsel or Associate General Counsel or such other internal counsel of the Company as shall be reasonably
satisfactory to the Loan Trustee) to the effect that the Loan Trustee will be entitled to the benefits of Section 1110 with respect to the Substitute Airframe; provided that (i) such opinion need not be delivered to the
extent that the benefits of Section 1110 were not, by reason of a change in law or governmental or judicial interpretation thereof, available to the Loan Trustee with respect to the Aircraft immediately prior to such substitution and
(ii) such opinion may contain qualifications and assumptions of the tenor contained in the opinion of counsel to the Company delivered pursuant to Section 3.01 of the Participation Agreement on the Closing Date and such other
qualifications and assumptions as shall at the time be customary in opinions rendered in comparable circumstances. 
 In the case of the
Substitute Airframe subjected to the Lien of this Indenture under this Section 7.04(e), promptly upon the recordation of the Indenture Supplement covering such Substitute Airframe pursuant to the Transportation Code (or pursuant to the
applicable law of such other jurisdiction in which such Substitute Airframe is registered), the Company will cause to be delivered to the Loan Trustee a favorable opinion of aviation law counsel to the Company (which may be external aviation law
counsel or the Company’s General Counsel, Deputy General Counsel or Associate General Counsel or such other internal counsel of the Company as shall be reasonably satisfactory to the Loan Trustee) addressed to the Loan Trustee as to the due
registration of such Replacement Aircraft and the due recordation of such Indenture Supplement or such other requisite documents or instruments, the registration with the International Registry of the sale of such Substitute Airframe to the Company
(if occurring after February 28, 

  
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2006 and if the seller of such Substitute Airframe is “situated in” a country that has ratified the Cape Town Convention) and of the International Interests created pursuant to the
Indenture Supplement with respect to such Substitute Airframe and the validity and perfection of the security interest in the Substitute Aircraft granted to the Loan Trustee under this Indenture. 

(f) For all purposes hereof, upon the attachment of the Lien of this Indenture thereto, the Substitute Airframe shall become part of the
Collateral and shall be deemed an “Airframe” as defined herein. Upon compliance with clauses (A) through (G) of the second preceding paragraph, the Loan Trustee shall (x) execute and deliver to the Company an
appropriate instrument releasing the replaced Airframe, all proceeds (including, without limitation, insurance proceeds, if any), the Warranty Rights in respect of such replaced Airframe and all rights relating to the foregoing, from the Lien of
this Indenture, and will take such actions as may be required to be taken by the Loan Trustee to cancel or release any International Interest of the Loan Trustee registered with the International Registry in relation to such replaced Airframe and
(y) provide a notice to the Noteholders setting forth (1) the date of the substitution which shall be the date of filing of the Indenture Supplement described in clause (A) of the second preceding paragraph,
(2) the model of the Substitute Airframe, (3) the manufacturer serial numbers of the Substitute Airframe and Airframe replaced by the Substitute Airframe, and (4) the registration numbers of the Replacement
Aircraft of which the Substitute Airframe is a part and the Aircraft of which the Airframe replaced by the Substitute Airframe is part. 

Section 7.05. Loss, Destruction or Requisition. (a) Event of Loss with Respect to the Airframe. Upon the occurrence of an
Event of Loss with respect to the Airframe or the Airframe and the Engines then installed thereon, the Company shall as promptly as practicable (and, in any event, within 15 days after such occurrence) give the Loan Trustee written notice of such
Event of Loss, and, within 90 days after such Event of Loss, the Company shall give the Loan Trustee written notice of its election to perform one of the following options (it being agreed that if the Company shall not have given such notice of
election within such 90-day period, the Company shall be deemed to have elected to perform the option set forth in the following clause (ii)). The Company may elect either to: 

(i) on or before the Loss Payment Date (as defined below), substitute, as replacement for the Airframe or Airframe and Engines
with respect to which an Event of Loss has occurred, a Replacement Airframe (together with a number of Replacement Engines equal to the number of Engines, if any, with respect to which the Event of Loss occurred), such Replacement Airframe and
Replacement Engines to be owned by the Company free and clear of all Liens (other than Permitted Liens); provided that if the Company shall not perform its obligation to effect such substitution under this clause (i) on or prior to the
Loss Payment Date, then the Company shall on the Loss Payment Date redeem the Equipment Notes in full in accordance with Section 2.10; or 

(ii) on or before the Loss Payment Date, redeem the Equipment Notes in full in accordance with Section 2.10. The Company
shall give the Loan Trustee 20 days prior written notice if it elects to redeem the Equipment Notes on any day prior to the Loss Payment Date. 

  
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 The “Loss Payment Date” with respect to an Event of Loss means the Business Day
next succeeding the 120th day following the date of occurrence of such Event of Loss. 
 If the Company elects to substitute a Replacement
Airframe (or a Replacement Airframe and one or more Replacement Engines, as the case may be) the Company shall, at its sole expense, not later than the Loss Payment Date, (A) cause an Indenture Supplement for such Replacement Airframe
and Replacement Engines, if any, to be delivered to the Loan Trustee for execution and, upon such execution, to be filed for recordation pursuant to the Transportation Code or the applicable laws of such other jurisdiction in which the Aircraft may
then be registered, (B) cause the sale of such Replacement Airframe and Replacement Engines, if any, to the Company (if occurring after February 28, 2006 and if the seller of such Replacement Airframe and Replacement Engines, if
any, is “situated in” a country that has ratified the Cape Town Convention) and the International Interest created pursuant to the Indenture Supplement in favor of the Loan Trustee with respect to such Replacement Airframe and Replacement
Engines, if any, each to be registered on the International Registry as a sale or an International Interest, respectively; provided that if the seller of such Replacement Airframe and Replacement Engines, if any, is not situated in a country
that has ratified the Cape Town Convention, the Company will use its reasonable efforts to cause the seller to register the contract of sale on the International Registry, (C) cause a financing statement or statements with respect to the
Replacement Airframe and Replacement Engines, if any, or other requisite documents or instruments to be filed in such place or places as necessary in order to perfect the Loan Trustee’s interest therein in the United States, or in any other
jurisdiction in which the Aircraft may then be registered, (D) furnish the Loan Trustee with an opinion of counsel to the Company (which may be external counsel or the Company’s General Counsel, Deputy General Counsel or Associate
General Counsel or such other internal counsel of the Company as shall be reasonably satisfactory to the Loan Trustee) addressed to the Loan Trustee to the effect that upon such replacement, such Replacement Airframe and Replacement Engines, if any,
will be subject to the Lien of this Indenture and addressing the matters set forth in clauses (A), (B) and (C), (E) furnish the Loan Trustee with a certificate of an independent aircraft engineer or appraiser, certifying that the
Replacement Airframe and Replacement Engines, if any, have a value and utility (without regard to hours or cycles) at least equal to the Airframe 

  
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and Engines, if any, so replaced, assuming the Airframe and such Engines were in the condition and repair required by the terms hereof immediately prior to the occurrence of such Event of Loss,
(F) furnish the Loan Trustee with evidence of compliance with the insurance provisions of Section 7.06 with respect to such Replacement Airframe and Replacement Engines, if any, (G) furnish the Loan Trustee with a copy
of the original bill of sale respecting such Replacement Airframe and a copy of the original bill of sale or, if the bill of sale is unavailable, other evidence of ownership reasonably satisfactory to the Loan Trustee (which may be a copy of an
invoice or purchase order) respecting such Replacement Engines, if any, and (H) furnish the Loan Trustee with an opinion of counsel to the Company (which may be external counsel or the Company’s General Counsel, Deputy General
Counsel or Associate General Counsel or such other internal counsel of the Company as shall be reasonably satisfactory to the Loan Trustee) to the effect that the Loan Trustee will be entitled to the benefits of Section 1110 with respect to the
Replacement Airframe; provided that (i) such opinion need not be delivered to the extent that the benefits of Section 1110 were not, by reason of a change in law or governmental or judicial interpretation thereof, available
to the Loan Trustee with respect to the Aircraft immediately prior to such substitution and (ii) such opinion may contain qualifications and assumptions of the tenor contained in the opinion of counsel to the Company delivered pursuant
to Section 3.01 of the Participation Agreement on the Closing Date and such other qualifications and assumptions as shall at the time be customary in opinions rendered in comparable circumstances. 

In the case of each Replacement Airframe or Replacement Airframe and one or more Replacement Engines subjected to the Lien of this Indenture
under this Section 7.05(a), promptly upon the recordation of the Indenture Supplement covering such Replacement Airframe and Replacement Engines, if any, pursuant to the Transportation Code (or pursuant to the applicable law of such other
jurisdiction in which such Replacement Airframe and Replacement Engines, if any, are registered), the Company will cause to be delivered to the Loan Trustee a favorable opinion of counsel to the Company (which may be external counsel or the
Company’s General Counsel, Deputy General Counsel or Associate General Counsel or such other internal counsel of the Company as shall be reasonably satisfactory to the Loan Trustee) addressed to the Loan Trustee as to the due registration of
such Replacement Aircraft and the due recordation of such Indenture Supplement or such other requisite documents or instruments, the registration with the International Registry of the sale of such Replacement Airframe and Replacement Engines, if
any, to the Company (if occurring after February 28, 2006 and if the seller of such Replacement Airframe and Replacement Engines, if any, is “situated in” a country that has ratified the Cape Town Convention) and of the International
Interests created pursuant to the Indenture Supplement with respect to such Replacement Airframe and Replacement Engines, if any, and the validity and perfection of the security interest in the Replacement Aircraft granted to the Loan Trustee under
this Indenture. 

  
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[Reg. No.] 

  
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 For all purposes hereof, upon the attachment of the Lien of this Indenture thereto, the
Replacement Aircraft and Replacement Engines, if any, shall become part of the Collateral, the Replacement Airframe shall be deemed an “Airframe” as defined herein, and each such Replacement Engine shall be deemed an “Engine” as
defined herein. Upon compliance with clauses (A) through (H) of the second preceding paragraph, the Loan Trustee shall (x) execute and deliver to the Company an appropriate instrument releasing such replaced Airframe and Engines (if
any) installed thereon at the time such Event of Loss occurred, all proceeds (including, without limitation, insurance proceeds), the Warranty Rights in respect of such replaced Airframe and Engines (if any) and all rights relating to the foregoing,
from the Lien of this Indenture and assigning to the Company all claims against third Persons for damage to or loss of the Airframe and Engines arising from the Event of Loss, and will take such actions as may be required to be taken by the Loan
Trustee to cancel or release any International Interest of the Loan Trustee registered with the International Registry in relation to the Airframe and Engines, if any, with respect to which such Event of Loss occurred, and (y) provide a
notice to the Noteholders setting forth (1) the date of the replacement which shall be the date of filing of the Indenture Supplement described in clause (A) of the second preceding paragraph, (2) the model of the
Replacement Airframe, (3) the manufacturer serial numbers of the Replacement Airframe and Airframe replaced by the Replacement Airframe, and (4) the registration numbers of the Replacement Aircraft of which the Replacement
Airframe is part and the Aircraft of which the Airframe replaced by the Replacement Airframe is part. 
 In the event that, after an Event
of Loss, the Company performs the option set forth in clause (ii) of the first paragraph of this Section 7.05(a), the Loan Trustee shall execute and deliver to the Company an appropriate instrument releasing the Aircraft, all proceeds
(including, without limitation, insurance proceeds), the Warranty Rights in respect of the [Airframe]18[Aircraft]19 and all rights relating to
the foregoing from the Lien of this Indenture and assigning to the Company all claims against third Persons for damage to or loss of the Aircraft arising from the Event of Loss, and will take such actions as may be required to be taken by the Loan
Trustee to cancel or release any International Interest of the Loan Trustee registered with the International Registry in relation to the Airframe and Engines, if any, with respect to which such Event of Loss occurred. 

 

	18 	To be inserted for Airbus aircraft. 

	19 	To be inserted for Boeing aircraft. 

  
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 (b) Event of Loss with Respect to an Engine. Upon the occurrence of an Event of Loss with
respect to an Engine under circumstances in which there has not occurred an Event of Loss with respect to the Airframe, the Company shall give the Loan Trustee prompt written notice thereof within 15 days after the Company has determined that an
Event of Loss has occurred with respect to such Engine and shall, within 120 days after the occurrence of such Event of Loss, cause to be subjected to the Lien of this Indenture, as replacement for the Engine with respect to which such Event of Loss
occurred, a Replacement Engine free and clear of all Liens (other than Permitted Liens). 
 Prior to or at the time of any replacement under
this Section 7.05(b), the Company will (i) cause an Indenture Supplement covering such Replacement Engine to be delivered to the Loan Trustee for execution and, upon such execution, to be filed for recordation pursuant to the
Transportation Code or the applicable laws of any other jurisdiction in which the Aircraft may be registered, (ii) furnish the Loan Trustee with a copy of the original bill of sale or, if the bill of sale is unavailable, other evidence
of ownership reasonably satisfactory to the Loan Trustee (which may be a copy of an invoice or purchase order) respecting such Replacement Engine, (iii) cause the sale of such Replacement Engine to the Company (if occurring after
February 28, 2006 and if the seller of such Replacement Engine is “situated in” a country that has ratified the Cape Town Convention) and the International Interest created pursuant to the Indenture Supplement in favor of the Loan
Trustee with respect to such Replacement Engine, to be registered on the International Registry as a sale or an International Interest; provided that if the seller of such Replacement Engine is not situated in a country that has ratified the
Cape Town Convention, the Company will use its reasonable efforts to cause the seller to register the contract of sale on the International Registry, (iv) cause a financing statement or statements with respect to such Replacement Engine
or other requisite documents or instruments to be filed in such place or places as necessary in order to perfect the Loan Trustee’s interest therein in the United States, or in such other jurisdiction in which the Engine may then be registered,
(v) furnish the Loan Trustee with an opinion of counsel to the Company (which may be external counsel or the Company’s General Counsel, Deputy General Counsel or Associate General Counsel or such other internal counsel of the
Company as shall be reasonably satisfactory to the Loan Trustee) addressed to the Loan Trustee to the effect that, upon such replacement, the Replacement Engine will be subject to the Lien of this Indenture, (vi) furnish the Loan Trustee
with a certificate of an aircraft engineer or appraiser (who may be an employee of the Company) certifying that such Replacement Engine has a value and utility (without regard to hours or cycles) at least equal to the Engine so replaced assuming
such Engine was in the condition and repair required by the terms hereof immediately prior to the occurrence of such Event of Loss and (vii) furnish the Loan Trustee with evidence of compliance with the insurance provisions of
Section 7.06 with respect to such Replacement Engine. In the case of each Replacement Engine subjected to the Lien of this Indenture under this Section 7.05(b), 

  
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promptly upon the recordation of the Indenture Supplement covering such Replacement Engine pursuant to the Transportation Code (or pursuant to the applicable law of such other jurisdiction in
which the Aircraft is registered), the Company will cause to be delivered to the Loan Trustee an opinion of counsel to the Company (which may be external counsel or the Company’s General Counsel, Deputy General Counsel or Associate General
Counsel or such other internal counsel of the Company as shall be reasonably satisfactory to the Loan Trustee) addressed to the Loan Trustee as to the due recordation of such Indenture Supplement or such other requisite documents or instruments, the
registration with the International Registry of the sale of such Replacement Engine to Company (if occurring after February 28, 2006 and if the seller of such Replacement Engine is “situated in” a country that has ratified the Cape
Town Convention) and of the International Interest created pursuant to the Indenture Supplement with respect to such Replacement Engine, and the validity and perfection of the security interest in the Replacement Engine granted to the Loan Trustee
under this Indenture. For all purposes hereof, upon the attachment of the Lien of this Indenture thereto, the Replacement Engine shall become part of the Collateral and shall be deemed an “Engine” as defined herein. Upon compliance with
clauses (i) through (vii) of this paragraph, the Loan Trustee shall execute and deliver to the Company an appropriate instrument releasing such replaced Engine, any proceeds (including, without limitation, insurance proceeds), the Warranty
Rights in respect of such replaced Engine and all rights relating to any of the foregoing from the Lien of this Indenture and assigning to the Company all claims against third Persons for damage to or loss of such Engine arising from the Event of
Loss, and will take such actions as may be required to be taken by the Loan Trustee to cancel or release any International Interest of the Loan Trustee registered with the International Registry in relation to the Engines with respect to which such
Event of Loss occurred. 
 (c) Application of Payments for Event of Loss from Requisition of Title or Use. Any payments (other than
insurance proceeds the application of which is provided for in Section 7.06) received at any time by the Company or by the Loan Trustee from any government or other Person with respect to an Event of Loss to the Airframe or any Engine, will be
applied as follows: 
 (i) if such payments are received with respect to the Airframe or the Airframe and the Engines
installed on the Airframe that has been or is being replaced by the Company pursuant to Section 7.05(a), such payments shall be paid over to, or retained by, the Loan Trustee and upon completion of such replacement shall be paid over to, or
retained by, the Company; 
 (ii) if such payments are received with respect to the Airframe or the Airframe and the Engines
installed on the Airframe that has not been and will not be replaced pursuant to Section 7.05(a), so much of such payments remaining 

  
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after reimbursement of the Loan Trustee for costs and expenses that shall not exceed the amounts required to be paid by the Company to the Noteholders pursuant to Section 2.10 hereof shall
be applied in reduction of the Company’s obligation to pay such amounts, if not already paid by the Company, or, if already paid by the Company, shall be applied to reimburse the Company for its payment of such amount and the balance, if any,
of such payment remaining thereafter will be paid over to, or retained by, the Company; and 
 (iii) if such payments are
received with respect to an Engine with regard to which an Event of Loss has occurred as contemplated by Section 7.05(b), so much of such payments remaining after reimbursement of the Loan Trustee for costs and expenses shall be paid over to,
or retained by, the Company; provided that the Company shall have fully performed the terms of Section 7.05(b) with respect to the Event of Loss for which such payments are made. 

(d) Requisition for Use by the Government of the Airframe and the Engines Installed Thereon. In the event of the requisition for use by
any government, including, without limitation, pursuant to the CRAF Program, of the Airframe and the Engines or engines installed on the Airframe that does not constitute an Event of Loss, the Company shall promptly notify the Loan Trustee and all
of the Company’s rights and obligations under this Indenture with respect to the Airframe and such Engines shall continue to the same extent as if such requisition had not occurred; provided that, notwithstanding the foregoing, the
Company’s obligations other than payment obligations shall only continue to the extent feasible. All payments received by the Company or the Loan Trustee from such government for such use of the Airframe and Engines or engines shall be paid
over to, or retained by, the Company. 
 (e) Requisition for Use by the Government of an Engine Not Installed on the Airframe. In the
event of the requisition for use by any government of any Engine not then installed on the Airframe, the Company will replace such Engine by complying with the terms of Section 7.05(b) to the same extent as if an Event of Loss had occurred with
respect to such Engine. Upon such replacement, any payments received by the Company or the Loan Trustee from such government with respect to such requisition shall be paid over to, or retained by, the Company. 

(f) Application of Payments During Existence of Event of Default. Any amount referred to in Section 7.05 that is payable to or
retainable by the Company shall not be paid to or retained by the Company if at the time of such payment or retention an Event of Default or Payment Default shall have occurred and be continuing, but shall be held by or paid over to the Loan Trustee
as security for the obligations of the Company under this Indenture and the Participation Agreement. Subject to Section 3.03, at such time as there shall not be continuing any such Event of Default or Payment Default, such amount shall be paid
to the Company. 

  
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 Section 7.06. Insurance. 

(a) Aircraft Liability Insurance. 

(i) Except as provided in clause (ii) of this subsection (a), and subject to the rights of the Company to establish and
maintain self-insurance in the manner and to the extent specified in Section 7.06(c), the Company will carry, or cause to be carried, at no expense to the Loan Trustee, aircraft liability insurance (including, but not limited to, bodily injury,
personal injury and property damage liability, exclusive of manufacturer’s product liability insurance) and contractual liability insurance with respect to the Aircraft (A) in amounts that are not less than the aircraft liability
insurance applicable to similar aircraft and engines in the Company’s fleet on which the Company carries insurance (or, in the case of a lease to a Permitted Lessee, in such Permitted Lessee’s fleet on which such Permitted Lessee carries
insurance); provided that such liability insurance (including self-insurance specified in Section 7.06(c)) shall not be less than the amount certified in the insurance report delivered to the Loan Trustee and each Liquidity Provider on
the Closing Date, (B) of the type usually carried by corporations engaged in the same or similar business, similarly situated with the Company or such Permitted Lessee, as the case may be, and owning or operating similar aircraft and
engines and covering risks of the kind customarily insured against by the Company or such Permitted Lessee, as the case may be, and (C) that is maintained in effect with insurers of recognized responsibility; provided that the
Company will carry, or cause to be carried, at no expense to the Loan Trustee, aircraft liability war risk and allied perils insurance if and to the extent the same is maintained by the Company or such Permitted Lessee, as the case may be, with
respect to other aircraft operated by the Company or such Permitted Lessee, as the case may be, on the same or similar routes. Any policies of insurance carried in accordance with this Section 7.06(a) and any policies taken out in substitution
or replacement for any of such policies shall (A) name the Loan Trustee, the Subordination Agent, each Pass Through Trustee and each Liquidity Provider as their Interests (as defined below in this Section 7.06) may appear, as
additional insureds (the “Specified Persons”), (B) subject to the conditions of clause (C) below, provide that, in respect of the interests of the Specified Persons in such policies, the insurance shall not be
invalidated by any action or inaction of the Company (or any Permitted Lessee) and shall insure the Specified Persons’ Interests as they appear, regardless of any breach or violation of any warranty, declaration or condition contained in such
policies by the Company (or any Permitted Lessee), (C) provide that, except to the extent not 

  
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provided for by the war risk and allied perils insurance provider, if such insurance is canceled for any reason whatever, or if any change is made in the policy that materially reduces the amount
of insurance or the coverage certified in the insurance report delivered on the Closing Date to the Loan Trustee and each Liquidity Provider, or if such insurance is allowed to lapse for nonpayment of premium, such cancellation, change or lapse
shall not be effective as to any Specified Person for 30 days (seven days, or such other period as is customarily available in the industry, in the case of any war risk or allied perils coverage) after receipt by such Specified Person of written
notice from such insurers of such cancellation, change or lapse, (D) provide that the Specified Persons shall have no obligation or liability for premiums, commissions, assessments or calls in connection with such insurance,
(E) provide that the insurers shall waive any rights of (1) set-off, counterclaim or any other deduction, whether by attachment or otherwise, in respect of any liability of the
Specified Persons to the extent of any moneys due to the Specified Persons and (2) subrogation against the Specified Persons to the extent that the Company has waived its rights by its agreements to indemnify the Specified Persons
pursuant to the Operative Documents, (F) be primary without right of contribution from any other insurance that may be carried by each Specified Person with respect to its Interests as such in the Aircraft and (G) expressly
provide that all of the provisions thereof, except the limits of liability, shall operate in the same manner as if there were a separate policy covering each insured. “Interests” as used in this Section 7.06(a) and in
Section 7.06(b) with respect to any Person means the interests of such Person in the transactions contemplated by the Operative Documents. In the case of a lease or contract with any government in respect of the Aircraft or any Engine, or in
the case of any requisition for use of the Aircraft or any Engine by any government, a valid agreement by such government to indemnify the Company, or an insurance policy issued by such government, against any of the risks that the Company is
required hereunder to insure against shall be considered adequate insurance for purposes of this Section 7.06(a) to the extent of the risks (and in the amounts) that are the subject of such indemnification or insurance. To the extent that the
war risk and allied perils insurance provider does not provide for provision of direct notice to each Specified Person of cancellation, change or lapse in the insurance required hereunder, the Company hereby agrees that upon receipt of notice of any
thereof from such insurance provider it shall give each Specified Person immediate notice of each cancellation or lapse of, or material change to, such insurance. 

(ii) During any period that the Airframe or an Engine, as the case may be, is on the ground and not in operation, the Company
may carry or cause to be carried as to such non-operating Airframe or Engine, in lieu of the insurance 

  
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required by clause (i) above, and subject to self-insurance to the extent permitted by Section 7.06(c), insurance otherwise conforming with the
provisions of said clause (i) except that: (A) the amounts of coverage shall not be required to exceed the amounts of airline liability insurance from time to time applicable to airframes or engines owned or leased by the Company
(or, in the case of a lease to a Permitted Lessee, such Permitted Lessee) of the same type as such non-operating Airframe or Engine and that are on the ground and not in operation and (B) the scope
of the risks covered and the type of insurance shall be the same as from time to time shall be applicable to airframes or engines owned or leased by the Company (or such Permitted Lessee) of the same type as such
non-operating Airframe or Engine and that are on the ground and not in operation. 
 (b)
Insurance Against Loss or Damage to Aircraft. 
 (i) Except as provided in clause (ii) of this subsection (b),
and subject to the rights of the Company to establish and maintain self-insurance in the manner and to the extent specified in Section 7.06(c), the Company shall maintain, or cause to be maintained, in
effect with insurers of recognized responsibility, at no expense to the Loan Trustee, all-risk aircraft hull insurance covering the Aircraft and all-risk coverage with
respect to any Engines or Parts while removed from the Aircraft (including, without limitation, war risk and allied perils insurance if and to the extent the same is maintained by the Company (or, in the case of a lease to a Permitted Lessee, such
Permitted Lessee) with respect to other aircraft operated by the Company or such Permitted Lessee, as the case may be, on the same or similar routes) that is of the type usually carried by corporations engaged in the same or similar business and
similarly situated with the Company or such Permitted Lessee, as the case may be; provided that (A) such insurance (including the permitted self-insurance) shall at all times while the
Aircraft is subject to this Indenture be for an amount not less than 110% of the aggregate outstanding principal amount of the Equipment Notes from time to time and (B) such insurance need not cover an Engine while attached to an
airframe not owned, leased or operated by the Company, provided that such Engine is covered by a separate policy of insurance. Any policies carried in accordance with this Section 7.06(b) and any policies taken out in substitution or
replacement for any such policies shall (A) provide that (I) any insurance proceeds up to an amount equal to the outstanding principal amount of the Equipment Notes, together with accrued but unpaid interest thereon, plus an
amount equal to the interest that would accrue on the outstanding principal amount of the Equipment Notes at the Debt Rate in effect on the date of payment of such insurance proceeds to the Loan Trustee (as provided for in this sentence) during the
period commencing on the day following the date of such payment to the Loan Trustee and ending on the Loss Payment Date (the sum of such three amounts being the 

  
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“Loan Amount”), payable for any loss or damage constituting an Event of Loss with respect to the Aircraft, and (II) any insurance proceeds in excess of the amount set
forth on Exhibit C up to the amount of the Loan Amount for any loss or damage to the Aircraft (or Engines) not constituting an Event of Loss with respect to the Aircraft, shall be paid to the Loan Trustee as long as this Indenture shall not
have been discharged, and that all other amounts shall be payable to the Company, unless the insurer shall have received notice that an Event of Default exists, in which case all insurance proceeds for any loss or damage to the Aircraft (or Engines)
up to the amount of the Loan Amount shall be payable to the Loan Trustee, (B) subject to the conditions of clause (C) below, provide that, in respect of the interests of the Specified Persons in such policies, the insurance shall
not be invalidated by any action or inaction of the Company (or any Permitted Lessee) and shall insure the Specified Persons’ Interests as they appear, regardless of any breach or violation of any warranty, declaration or condition contained in
such policies by the Company (or any Permitted Lessee), (C) provide that, except to the extent not provided by the war risk and allied perils insurance provider, if such insurance is canceled for any reason whatsoever, or if any change
is made in the policy that materially reduces the amount of insurance or the coverage certified in the insurance report delivered on the Closing Date to the Loan Trustee and each Liquidity Provider, or if such insurance is allowed to lapse for
nonpayment of premium, such cancellation, change or lapse shall not be effective as to the Specified Persons for 30 days (seven days, or such other period as is customarily available in the industry, in the case of war risk or allied perils
coverage) after receipt by the Specified Persons of written notice from such insurers of such cancellation, change or lapse, (D) provide that the Specified Persons shall have no obligation or liability for premiums, commissions,
assessments or calls in connection with such insurance, (E) provide that the insurers shall waive rights of (1) set-off, counterclaim or any other deduction, whether by attachment or otherwise, in respect of any liability of
the Specified Persons to the extent of any moneys due to the Specified Persons and (2) subrogation against the Specified Persons to the extent the Company has waived its rights by its agreement to indemnify the Specified Persons pursuant
to the Operative Documents, and (F) be primary without right of contribution from any other insurance that may be carried by any Specified Person with respect to its Interests as such in the Aircraft. In the case of a lease or contract
with any government in respect of the Aircraft or any Engine, or in the case of any requisition for use of the Aircraft or any Engine by any government, a valid agreement by such government to indemnify the Company, or an insurance policy issued by
such government, against any risks which the Company is required hereunder to insure against shall be considered adequate insurance for purposes of this Section 7.06(b) to the extent of the risks (and in the amounts) that are the

  
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subject of such indemnification or insurance. To the extent that the war risk and allied perils insurance provider does not provide for provision of direct notice to each Specified Person of
cancellation, change or lapse in the insurance required hereunder, the Company hereby agrees that upon receipt of notice of any thereof from such insurance provider it shall give each Specified Person immediate notice of each cancellation or lapse
of, or material change to, such insurance. 
 (ii) During any period that the Airframe or an Engine is on the ground and not
in operation, the Company may carry or cause to be carried as to such non-operating Airframe or Engine, in lieu of the insurance required by clause (i) above, and subject to self-insurance to the extent permitted by Section 7.06(c),
insurance otherwise conforming with the provisions of said clause (i) except that the scope of the risks covered and the type of insurance shall be the same as from time to time applicable to airframes or engines owned or leased by the Company
(or, if a lease is then in effect, by the Permitted Lessee) of the same type as such non-operating Airframe or Engine and that are on the ground and not in operation; provided that, subject to self-insurance to the extent permitted by
Section 7.06(c), the Company (or such Permitted Lessee) shall maintain insurance against risk of loss or damage to such non-operating Airframe in an amount at least equal to 110% of the aggregate outstanding principal amount of the Equipment
Notes during such period that such Airframe is on the ground and not in operation. 
 (c) Self-Insurance. The Company may from
time-to-time self-insure, by way of deductible, self-insured retention, premium adjustment or franchise or otherwise (including, with respect to insurance maintained pursuant to Section 7.06(a) or Section 7.06(b), insuring for a maximum
amount that is less than the amounts set forth in Section 7.06(a) and Section 7.06(b)), the risks required to be insured against pursuant to Section 7.06(a) and Section 7.06(b), but in no case shall the self-insurance with
respect to all of the aircraft and engines in the Company’s fleet (including, without limitation, the Aircraft) exceed for any 12-month policy year 1% of the average aggregate insurable value (for the preceding policy year) of all aircraft
(including, without limitation, the Aircraft) on which the Company carries insurance, unless an insurance broker of national standing shall certify that the standard among all other major United States airlines is a higher level of self-insurance,
in which case the Company may self-insure the Aircraft to such higher level. In addition to the foregoing right to self-insure, the Company may self-insure to the extent of (1) any deductible per occurrence that, in the case of the
Aircraft, is not in excess of the amount customarily allowed as a deductible in the industry or is required to facilitate claims handling or (2) any applicable mandatory minimum per aircraft (or if applicable per annum or other period)
hull or liability insurance deductibles imposed by the aircraft or hull liability insurers. 

  
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 (d) Application of Insurance Payments. All losses will be adjusted by the Company with the
insurers. As between the Loan Trustee and the Company it is agreed that all insurance payments received under policies required to be maintained by the Company hereunder, exclusive of any payments received in excess of the Loan Amount, as the result
of the occurrence of an Event of Loss with respect to the Airframe or an Engine will be applied as follows: 
 (i) if such
payments are received with respect to the Airframe or the Airframe and any Engines installed on the Airframe that has been or is being replaced by the Company pursuant to Section 7.05(a), such payments shall be paid over to, or retained by, the
Loan Trustee and upon completion of such replacement shall be paid over to, or retained by, the Company; 
 (ii) if such
payments are received with respect to the Airframe or the Airframe and any Engines installed on the Airframe that has not been and will not be replaced as contemplated by Section 7.05(a), so much of such payments remaining after reimbursement
of the Loan Trustee for its costs and expenses as shall not exceed the amounts required to be paid by the Company pursuant to Section 2.10 hereof shall be applied (A) in reduction of the Company’s obligation to pay such
amounts, if not already paid by the Company, or, if already paid by the Company, shall be applied to reimburse the Company for its payment of such amounts and (B) the balance, if any, of such payment remaining thereafter will be paid
over to, or retained by, the Company or its designee; and 
 (iii) if such payments are received with respect to an Engine
with regard to which an Event of Loss contemplated by Section 7.05(b) has occurred, so much of such payments remaining after reimbursement of the Loan Trustee for its costs and expenses shall be paid over to, or retained by, the Company or its
designee; provided that the Company shall have fully performed its obligations under Section 7.05(b) with respect to the Event of Loss for which such payments are made. 

In all events, (x) the insurance payment of any property damage or loss with respect to property other than the Airframe or any
Engine received under policies maintained by the Company, and (y) the insurance payment for any loss or damage to the Aircraft in excess of the Loan Amount, shall be paid to the Company or its designee. 

The insurance payments for any loss or damage to the Airframe or an Engine not constituting an Event of Loss with respect to the Airframe or
such Engine will be applied in payment (or to reimburse the Company) for repairs or for replacement property in accordance with the terms of Section 7.02 and Section 7.04, and any balance remaining after compliance with such Sections with
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the Company or its designee. Any amount referred to in the preceding sentence or in clause (i) or (iii) of the second preceding paragraph that is payable to the Company or its designee
shall not be paid to the Company (or, if it has been previously paid directly to the Company, shall not be retained by the Company) if at the time of such payment an Event of Default or Payment Default shall have occurred and be continuing, but
shall be paid to and, subject to Section 5.06, held by the Loan Trustee as security for the obligations of the Company under this Indenture and the Participation Agreement, and at such time as there shall not be continuing any such Event of
Default or Payment Default, such amount shall be paid to the Company or its designee. 
 (e) Reports, Etc. On or before the Closing
Date and annually upon renewal of the Company’s insurance coverage, the Company will furnish to the Loan Trustee and each Liquidity Provider a report signed by a firm of independent aircraft insurance brokers appointed by the Company (which
firm may be in the regular employ of the Company), stating the opinion of such firm that the commercial hull and liability insurance then carried and maintained on the Aircraft complies with the terms hereof; provided that all information
contained in such report shall be Confidential Information and shall be treated by the Loan Trustee, each Liquidity Provider and each of their affiliates and officers, directors, agents and employees in accordance with the provisions of
Section 10.16. The Company will use commercially reasonable efforts to cause such firm to agree to advise the Loan Trustee and each Liquidity Provider in writing of any act or omission on the part of the Company of which such firm has knowledge
that might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft. The Company will also use commercially reasonable efforts to cause such firm to advise the Loan Trustee and each Liquidity Provider in writing as
promptly as practicable after such firm acquires knowledge that an interruption of any insurance carried and maintained on the Aircraft pursuant to this Section 7.06 will occur. Such information may only be provided to other Persons in
accordance with Section 10.16. 
 (f) Salvage Rights. All salvage rights to the Airframe and each Engine shall remain with the
Company’s insurers at all times, and any insurance policies of the Loan Trustee insuring the Airframe or any Engine shall provide for a release to the Company of any and all salvage rights in and to the Airframe or any Engine. 

(g) Right to Pay Premium. In the event of cancellation of any insurance required to be maintained hereunder due to the nonpayment of
premiums, the Loan Trustee shall have the option, in its sole discretion, to pay any such premium in respect to the Aircraft that is due in respect of the coverage pursuant to this Indenture and to maintain such coverage, as the Loan Trustee may
require, until the scheduled expiry date of such insurance and, in such event, the Company shall, upon demand, reimburse the Loan Trustee for amounts so paid by it. 

(h) Insurance for Own Account. Nothing in this Section 7.06 shall limit or prohibit (i) the Company from maintaining
the policies of insurance required pursuant to this Section 7.06 with higher limits than those specified herein or (ii) the Loan Trustee or the Company from obtaining insurance for its own account, and at its sole expense, with
respect to the Airframe or any Engine (and any proceeds payable under such insurance shall be payable as provided in the insurance policy relating thereto); provided that no such insurance may be obtained which would limit or otherwise
adversely affect the coverage or amounts payable under, or increase the premiums for, any insurance required to be maintained pursuant to this Section 7.06 or any other insurance maintained by the Company (or any Permitted Lessee) with respect
to the Aircraft or any other aircraft in the Company’s (or such Permitted Lessee’s) fleet. 

  
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 ARTICLE VIII 

SUCCESSOR AND ADDITIONAL TRUSTEES 

Section 8.01. Resignation or Removal; Appointment of Successor. (a) The resignation or removal of the Loan Trustee and the
appointment of a successor Loan Trustee shall become effective only upon the successor Loan Trustee’s acceptance of appointment as provided in this Section 8.01. The Loan Trustee or any successor thereto must resign if at any time it
ceases to be eligible in accordance with the provisions of Section 8.01(c) and may resign at any time without cause by giving at least 60 days’ prior written notice to the Company and each Noteholder. In addition, either the Company (so
long as no Event of Default or Payment Default shall have occurred and be continuing) or a Majority in Interest of Noteholders (but only with the consent of the Company so long as no Event of Default or Payment Default shall have occurred and be
continuing), may at any time remove the Loan Trustee without cause by an instrument in writing delivered to the Loan Trustee and each Noteholder, and, in case of a removal by a Majority in Interest of Noteholders, to the Company. In the case of the
resignation or removal of the Loan Trustee, the Company shall promptly appoint a successor Loan Trustee. If a successor Loan Trustee shall not have been appointed within 60 days after such notice of resignation or removal, the Loan Trustee, the
Company or any Noteholder may apply to any court of competent jurisdiction to appoint a successor Loan Trustee to act until such time, if any, as a successor shall have been appointed as above provided. The successor Loan Trustee so appointed by
such court shall immediately and without further act be superseded by any successor Loan Trustee appointed as above provided. 
 (b) Any
successor Loan Trustee, however appointed, shall execute and deliver to the predecessor Loan Trustee and the Company an instrument accepting such appointment and assuming the obligations of the Loan Trustee arising from and after the time of such
appointment, and thereupon such successor Loan Trustee, without further act, shall become vested with all the estates, properties, rights, powers and duties of the 

  
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predecessor Loan Trustee hereunder in the trust hereunder applicable to it with like effect as if originally named the Loan Trustee herein; but nevertheless upon the written request of such
successor Loan Trustee, such predecessor Loan Trustee shall execute and deliver an instrument transferring to such successor Loan Trustee all the estates, properties, rights and powers of such predecessor Loan Trustee, and such predecessor Loan
Trustee shall duly assign, transfer, deliver and pay over to such successor Loan Trustee all monies or other property and all other books and records, or true, correct and complete copies thereof, then held by such predecessor Loan Trustee
hereunder. 
 (c) This Indenture shall at all times have a Loan Trustee, however appointed, that is a Citizen of the United States (without
the use of a voting trust) and a bank or trust company having a combined capital and surplus of at least $100,000,000 (or a combined capital and surplus in excess of $5,000,000 and the obligations of which, whether now in existence or hereafter
incurred, are fully and unconditionally guaranteed by a corporation organized and doing business under the laws of the United States or any state or territory thereof or the District of Columbia and having a combined capital and surplus of at least
$100,000,000) or a corporation with a net worth of at least $100,000,000, if there be such an institution willing, able and legally qualified to perform the duties of the Loan Trustee hereunder upon reasonable or customary terms. If such bank, trust
company or corporation publishes reports of conditions at least annually, pursuant to law or to the requirements of federal, state, territorial or District of Columbia supervising or examining authority, then for the purposes of this
Section 8.01(c) the combined capital and surplus of such bank, trust company or corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of conditions so published. In case at any time the Loan
Trustee shall cease to be eligible in accordance with the provisions of this Section 8.01(c), the Loan Trustee shall resign immediately in the manner and with the effect specified in Section 8.01(a). 

(d) Any corporation, bank, trust company or other financial institution into which the Loan Trustee may be merged or converted or with which
it may be consolidated, or any corporation, bank, trust company or other financial institution resulting from any merger, conversion or consolidation to which the Loan Trustee shall be a party, or any corporation, bank, trust company or other
financial institution to which substantially all the corporate trust business of the Loan Trustee may be transferred, shall, subject to the terms of Section 8.01(c), be a successor Loan Trustee under this Indenture without further act. 

Section 8.02. Appointment of Additional and Separate Trustees. (a) Whenever (i) the Loan Trustee shall deem it
necessary or desirable in order to conform to any law of any jurisdiction in which all or any part of the Collateral shall be situated or to make any claim or bring any suit with respect to or in connection with the Collateral, any Operative
Document or any of the transactions contemplated by the Operative Documents, (ii) the 

  
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Loan Trustee shall be advised by counsel satisfactory to it that it is necessary or prudent in the interests of the Noteholders (and the Loan Trustee shall so advise the Company) or
(iii) the Loan Trustee shall have been requested to do so by a Majority in Interest of Noteholders, then in any such case, the Loan Trustee and, upon the written request of the Loan Trustee, the Company, shall execute and deliver an
indenture supplemental hereto and such other instruments as may from time to time be necessary or advisable either (1) to constitute one or more banks or trust companies or corporations meeting the requirements of Section 8.01(c)
and approved by the Loan Trustee, either to act jointly with the Loan Trustee as additional trustee or trustees of all or any part of the Collateral or to act as separate trustee or trustees of all or any part of the Collateral, in each case with
such rights, powers, duties and obligations consistent with this Indenture as may be provided in such supplemental indenture or other instruments as the Loan Trustee or a Majority in Interest of Noteholders may deem necessary or advisable, or
(2) to clarify, add to or subtract from the rights, powers, duties and obligations theretofore granted any such additional or separate trustee, subject in each case to the remaining provisions of this Section 8.02. If no Event of
Default has occurred and is continuing, no additional or supplemental trustee shall be appointed without the Company’s consent. If the Company shall not have taken any action requested of it under this Section 8.02(a) that is required by
its terms within 15 days of a written request from the Loan Trustee to do so, or if an Event of Default shall have occurred and be continuing, the Loan Trustee may act under the foregoing provisions of this Section 8.02(a) without the
concurrence of the Company, and, to the extent permitted by applicable law, the Company hereby irrevocably appoints (which appointment is coupled with an interest) the Loan Trustee as its agent and attorney-in-fact to act for it under the foregoing
provisions of this Section 8.02(a). The Loan Trustee may, in such capacity, execute, deliver and perform any such supplemental indenture, or any such instrument, as may be required for the appointment of any such additional or separate trustee
or for the clarification of, addition to or subtraction from the rights, powers, duties or obligations theretofore granted to any such additional or separate trustee, subject in each case to the remaining provisions of this Section 8.02. In
case any additional or separate trustee appointed under this Section 8.02(a) shall become incapable of acting, resign or be removed, all the assets, property, rights, powers, trusts, duties and obligations of such additional or separate trustee
shall revert to the Loan Trustee until a successor additional or separate trustee is appointed as provided in this Section 8.02(a). 

(b) No additional or separate trustee shall be entitled to exercise any of the rights, powers, duties and obligations conferred upon the Loan
Trustee in respect of the custody, investment and payment of monies and all monies received by any such additional or separate trustee from or constituting part of the Collateral or otherwise payable under any Operative Documents to the Loan Trustee
shall be promptly paid over by it to the Loan Trustee. All other rights, powers, duties and obligations conferred or imposed upon any additional or separate trustee shall be exercised or performed by the

  
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Loan Trustee and such additional or separate trustee jointly except to the extent that applicable law of any jurisdiction in which any particular act is to be performed renders the Loan Trustee
incompetent or unqualified to perform such act, in which event such rights, powers, duties and obligations (including the holding of title to all or part of the Collateral in any such jurisdiction) shall be exercised and performed by such additional
or separate trustee. No additional or separate trustee shall take any discretionary action except on the instructions of the Loan Trustee or a Majority in Interest of Noteholders. No trustee hereunder shall be personally liable by reason of any act
or omission of any other trustee hereunder, except that the Loan Trustee shall be liable for the consequences of its lack of reasonable care in selecting, and the Loan Trustee’s own actions in acting with, any additional or separate trustee.
Each additional or separate trustee appointed pursuant to this Section 8.02 shall be subject to, and shall have the benefit of Article IV, Article V, Article VI, Article VIII, Article IX and Article X hereof insofar as they apply to the Loan
Trustee. The powers of any additional or separate trustee appointed pursuant to this Section 8.02 shall not in any case exceed those of the Loan Trustee hereunder. 

(c) If at any time the Loan Trustee shall deem it no longer necessary or desirable for an additional or separate trustee to be appointed
hereunder or in the event that the Loan Trustee shall have been requested to do so in writing by a Majority in Interest of Noteholders, the Loan Trustee and, upon the written request of the Loan Trustee, the Company, shall execute and deliver an
indenture supplemental hereto and all other instruments and agreements necessary or advisable to remove any additional or separate trustee. The Loan Trustee may act on behalf of the Company under this Section 8.02(c) when and to the extent it
could so act under Section 8.02(a) hereof. In any case, the Company may remove an additional or separate trustee in the manner set forth in Section 8.01. 

ARTICLE IX 
 AMENDMENTS AND
WAIVERS 
 Section 9.01. Amendments to this Indenture without Consent of Holders. At any time after the date hereof, the Company
may and the Loan Trustee shall, at the Company’s request, enter into one or more agreements supplemental hereto and to amend the Equipment Notes, without notice to or consent of any Noteholder, Indenture Indemnitee or Related Indenture
Indemnitee for any of the following purposes: (i) to evidence the succession of another Person to the Company and the assumption by any such successor of the covenants of the Company contained in any Operative Documents pursuant to
Section 6.02(e) of the Participation Agreement; (ii) to cure any defect or inconsistency herein or in the Equipment Notes, or to make any change not inconsistent with the provisions hereof (provided that such change does not
adversely affect the interests of any Noteholder, any Indenture Indemnitee or any Related Indenture 

  
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Indemnitee in its capacity solely as Noteholder, Indenture Indemnitee or Related Indenture Indemnitee, as the case may be); (iii) to cure any ambiguity or correct any mistake;
(iv) to evidence the succession of a new trustee hereunder pursuant hereto or the removal of the trustee hereunder or to provide for or facilitate the appointment of an additional or separate trustee pursuant to Section 8.02 hereof;
(v) to convey, transfer, assign, mortgage or pledge any property to or with the Loan Trustee; (vi) to make any other provisions or amendments with respect to matters or questions arising hereunder or under the Equipment
Notes, or to amend, modify or supplement any provision hereof or thereof, so long as such action shall not adversely affect the interests of any Noteholder, any Indenture Indemnitee or any Related Indenture Indemnitee in its capacity solely as
Noteholder, Indenture Indemnitee or Related Indenture Indemnitee, as the case may be; (vii) to correct, supplement or amplify the description of any property at any time subject to the Lien of this Indenture, or better to assure, convey
and confirm unto the Loan Trustee any property subject or required to be subject to the Lien of this Indenture or to subject to the Lien of this Indenture the Airframe or Engines or any Substitute Airframe, Replacement Airframe or Replacement
Engine; (viii) to add to the covenants of the Company for the benefit of the Noteholders, the Indenture Indemnitees or the Related Indenture Indemnitees or to surrender any rights or power herein conferred upon the Company;
(ix) to add to the rights of the Noteholders, the Indenture Indemnitees or the Related Indenture Indemnitees; (x) to include on the Equipment Notes any legend as may be required by law or as may otherwise be necessary or
advisable; (xi) to comply with any applicable requirements of the Trust Indenture Act or any other requirements of applicable law or of any regulatory body; (xii) to give effect to the replacement of a Liquidity Provider with
a Replacement Liquidity Provider and the replacement of a Liquidity Facility with a Replacement Liquidity Facility therefor, and, if a Replacement Liquidity Facility is to be comprised of more than one instrument as contemplated by the definition of
the term “Replacement Liquidity Facility” in the Intercreditor Agreement, to incorporate appropriate provisions for multiple Liquidity Facilities for a single Pass Through Trust; (xiii) [reserved]; (xiv) [reserved];
and (xv) to provide for the original issuance of Additional Series Equipment Notes of one or more Series (and Related Additional Series Equipment Notes relating thereto) pursuant to the third sentence of Section 2.02 or the issuance
of new Series A Equipment Notes (and new Related Series A Equipment Notes), new Series B Equipment Notes (and new Related Series B Equipment Notes) or new Additional Series Equipment Notes of any one or more Series (and new Related Additional Series
Equipment Notes relating thereto) pursuant to the fourth sentence of Section 2.02, and for the issuance of pass through certificates by any pass through trust that acquires any such Additional Series Equipment Notes (and Related Additional
Series Equipment Notes), new Series A Equipment Notes (and new Related Series A Equipment Notes), new Series B Equipment Notes (and new Related Series B Equipment Notes) or new Additional Series Equipment Notes (and new Related Additional Series
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(including, without limitation, to provide for any prefunding mechanism in connection therewith, or to provide for the relative priority of different series of Additional Series Equipment Notes
as between such series) and to provide for any credit support for any pass through certificates relating to any such Series A Equipment Notes (and Related Series A Equipment Notes), Series B Equipment Notes (and Related Series B Equipment Notes) or
Additional Series Equipment Notes (and Related Additional Series Equipment Notes) (including, without limitation, to secure claims for fees, interest, expenses, reimbursement of advances and other obligations arising from such credit support
(including, without limitation, to specify such credit support as a “Liquidity Facility” and the provider of any such credit support as a “Liquidity Provider” and, if such Liquidity Facility is to be comprised of more than one
instrument, to incorporate appropriate provisions for multiple Liquidity Facilities for a single Pass Through Trust)); provided that such Series A Equipment Notes, Series B Equipment Notes or Additional Series Equipment Notes, as the case may
be, are issued in accordance with Section 4(a)(v) of the Note Purchase Agreement, Section 2.02 of the Participation Agreement and Section 8.01(c) or 8.01(d) of the Intercreditor Agreement, as applicable. 

Section 9.02. Amendments to this Indenture with Consent of Holders. (a) With the written consent of a Majority in Interest of
Noteholders, the Company may, and the Loan Trustee shall, subject to Section 9.06, at any time and from time to time, enter into such supplemental agreements to add any provisions to or to change or eliminate any provisions of this Indenture or
of any such supplemental agreements or to modify in any manner the rights and obligations of the Company, the Loan Trustee and of the Noteholders under this Indenture; provided that without the consent of each Noteholder affected thereby, an
amendment under this Section 9.02 may not: 
 (1) reduce the principal amount of, interest on, or Make-Whole Amount, if
any, with respect to, any Equipment Note; 
 (2) change the date on which any principal amount of, interest on, or Make-Whole
Amount, if any, with respect to, any Equipment Note, is due or payable; 
 (3) create any Lien with respect to the Collateral
prior to or pari passu with the Lien thereon under this Indenture except such as are permitted by this Indenture, or deprive any Noteholder of the benefit of the Lien on the Collateral created by this Indenture, except as provided in
connection with the exercise of remedies under Article IV; provided that, without the consent of each holder of an affected Related Equipment Note then outstanding, no such amendment, waiver or modification of terms of, or consent under, any
thereof shall modify Section 3.03 or this clause (3) or deprive any Related Noteholder of the benefit of the Lien of this Indenture on the Collateral, except as provided in connection with the exercise of remedies under Article IV; 

  
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 (4) reduce the percentage of the outstanding principal amount of the Equipment
Notes the consent of whose holders is required for any such supplemental agreement, or the consent of whose holders is required for any waiver of compliance with certain provisions of this Indenture or of certain defaults hereunder or their
consequences provided for in this Indenture; or 
 (5) make any change in Section 4.05 or this Section 9.02, except
to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of each Noteholder affected thereby. 

Notwithstanding the foregoing, neither the Company nor the Loan Trustee shall enter into any amendment, waiver or modification of, or
supplement or consent to, this Indenture or any other Operative Document other than the Participation Agreement (which is addressed in Section 9.03) which shall reduce, modify or amend any indemnities in favor of any Liquidity Provider without
the consent of such Liquidity Provider that is subject to such reduction, modification or amendment. 
 (b) It is not necessary under this
Section 9.02 for the Noteholders to consent to the particular form of any proposed supplemental agreement, but it is sufficient if they consent to the substance thereof. 

(c) Promptly after the execution by the Company and the Loan Trustee of any supplemental agreement pursuant to the provisions of this
Section 9.02, the Loan Trustee shall transmit by first-class mail a notice, setting forth in general terms the substance of such supplemental agreement, to all Noteholders, as the names and addresses of such Noteholders appear on the Equipment
Note Register. Any failure of the Loan Trustee to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental agreement. 

Section 9.03. Amendments, Waivers, Etc. of the Participation Agreement. Without the consent of a Majority in Interest of
Noteholders, the respective parties to the Participation Agreement may not modify, amend or supplement such agreement, or give any consent, waiver, authorization or approval thereunder, for the purpose of adding any provisions to or changing in any
manner or eliminating any of the provisions thereof or of modifying in any manner the rights of the respective parties thereunder; provided that, without the consent of the Loan Trustee, any Noteholder, any other Indenture Indemnitee or any
Related Indenture Indemnitee, and/or the Participation Agreement may be modified, amended or supplemented in order (i) to cure any defect or inconsistency therein or to cure any ambiguity or correct any mistake, (ii) to
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supplement any provision thereof or make any other provision with respect to matters or questions arising thereunder or under this Indenture, provided that the making of any such other
provision shall not materially adversely affect the interests of the Noteholders or (iii) to make any other change, or reflect any other matter, of the kind referred to in clauses (i) through (xv) of Section 9.01.
Notwithstanding the foregoing, without the consent of any Liquidity Provider, the Company shall not enter into any amendment, waiver or modification of or supplement or consent to the Participation Agreement which shall reduce, modify or amend any
indemnities in favor of such Liquidity Provider contained therein. 
 Section 9.04. Revocation and Effect of Consents. Until an
amendment or waiver becomes effective, a consent to it by a Noteholder is a continuing consent by the Noteholder and every subsequent Noteholder, even if notation of the consent is not made on any Equipment Note. 

Section 9.05. Notation on or Exchange of Equipment Notes. The Loan Trustee may place an appropriate notation about an amendment or
waiver on any Equipment Note thereafter executed. The Loan Trustee in exchange for such Equipment Notes may execute new Equipment Notes that reflect the amendment or waiver. 

Section 9.06. Trustee Protected. If, in the reasonable opinion of the institution acting as the Loan Trustee hereunder, any
document required to be executed by it pursuant to the terms of Section 9.01 or Section 9.02 adversely affects any right, duty, immunity or indemnity with respect to such institution under this Indenture, such institution may in its
discretion decline to execute such document. 
 Section 9.07. No Consent of Individual Indenture Indemnitees Required.
Notwithstanding anything in this Indenture or any other Operative Document to the contrary, when any provision hereof or thereof would otherwise require a consent of an Indenture Indemnitee, such provision shall always be construed to require only
the consent of an Indenture Indemnitee other than any Indenture Indemnitee covered by clause (ix) of the definition of “Indenture Indemnitees”. 

ARTICLE X 
 MISCELLANEOUS 

Section 10.01. Termination of Indenture. Subject to Section 7.05, upon (or at any time after) payment in full of the
principal amount of, Make-Whole Amount, if any, and interest on and all other amounts due under all Equipment Notes and provided that (i) there shall then be (x) no other Secured Obligations due to the Noteholders, the Loan
Trustee and the other Indenture Indemnitees hereunder, under the Participation 

  
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Agreement or any other Operative Document, and (y) no Related Secured Obligations due under any Related Indenture or any other “Operative Document” (as defined in any
Related Indenture) and (ii) in the case of any redemption of all of the Equipment Notes pursuant to Section 2.11(a), the provisions of the foregoing clause (i) shall apply and no Related Indenture Bankruptcy Default or Related
Indenture Event of Default shall have occurred and be continuing, the Company shall direct the Loan Trustee to execute and deliver to or as directed in writing by the Company an appropriate instrument releasing the Aircraft and the Engines and
(subject to subclause (xi) of clause “third” of Section 3.03, if applicable) all other Collateral from the Lien of this Indenture and the Loan Trustee shall execute and deliver such instrument as aforesaid; provided that
this Indenture and the trusts created hereby shall earlier terminate and this Indenture shall be of no further force or effect upon any sale or other final disposition by the Loan Trustee of all property constituting part of the Collateral and the
final distribution by the Loan Trustee of all monies or other property or proceeds constituting part of the Collateral in accordance with the terms hereof. Except as aforesaid otherwise provided, this Indenture and the trusts created hereby shall
continue in full force and effect in accordance with the terms hereof. 
 Section 10.02. No Legal Title to Collateral in the
Noteholders. No holder of an Equipment Note or a Related Equipment Note shall have legal title to any part of the Collateral. No transfer, by operation of law or otherwise, of any Equipment Note, Related Equipment Note or other right, title and
interest of any Noteholder or Related Noteholder in and to the Collateral or hereunder shall operate to terminate this Indenture or entitle such holder or any successor or transferee of such holder to an accounting or to the transfer to it of any
legal title to any part of the Collateral. 
 Section 10.03. Sale of Aircraft by Loan Trustee Is Binding. Any sale or other
conveyance of the Aircraft, the Airframe, any Engine or any interest therein by the Loan Trustee made pursuant to the terms of this Indenture shall bind the Noteholders and the Company and shall be effective to transfer or convey all right, title
and interest of the Loan Trustee, the Company and such Noteholders in and to such Aircraft, Airframe, Engine or interest therein. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity
of such sale or conveyance or as to the application of any sale or other proceeds with respect thereto by the Loan Trustee or the Noteholders. 

Section 10.04. Indenture for Benefit of Company, Noteholders, Loan Trustee, Other Indenture Indemnitees and Related Indenture
Indemnitees. Nothing in this Indenture, whether express or implied, shall be construed to give any Person other than the Company, the Noteholders, the Loan Trustee, the other Indenture Indemnitees, the Related Loan Trustees and the Related
Indenture Indemnitees any legal or equitable right, remedy or claim under or in respect of this Indenture, except that the Persons referred to in the second to last full paragraph of Section 7.02(a) shall be third party beneficiaries of such
paragraph. 

  
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 Section 10.05. Notices. Unless otherwise expressly specified or permitted by the
terms hereof, all notices, requests, demands, authorizations, directions, consents or waivers required or permitted under the terms and provisions of this Indenture shall be in English and in writing, and given by United States registered or
certified mail, return receipt requested, overnight courier service or facsimile, and any such notice shall be effective when received (or, if delivered by facsimile, upon completion of transmission and confirmation by the sender (by a telephone
call to a representative of the recipient or by machine confirmation) that such transmission was received) and addressed as follows: 
 if
to the Company, addressed to: 
 American Airlines, Inc. 

4333 Amon Carter Boulevard 
 Mail
Drop 5662 
 Fort Worth, Texas 76155 

Attention: Treasurer 
 Reference:
American Airlines 2016-1 EETC 
 Telephone: (817) 963-1234 

Facsimile: (817) 967-4318; 

if to the Loan Trustee, addressed to: 

Wilmington Trust Company 
 1100
North Market Street 
 Wilmington, Delaware 19890 

Attention: Adam Vogelsong 

Reference: American Airlines 2016-1 EETC 

Telephone: (302) 636-6472 

Facsimile: (302) 636-4149; 

if to any Noteholder, addressed to such Noteholder at its address set forth in the Equipment Note Register maintained pursuant to
Section 2.07; 
 if to any Indenture Indemnitee other than the Loan Trustee, addressed to the address of such party (if any) set forth
in Section 7.01 of the Participation Agreement or to such other address as such Indenture Indemnitee shall have furnished by notice to the Company and the Loan Trustee; and 

  
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 if to any Related Indenture Indemnitee, addressed to such Related Indenture Indemnitee at its
address set forth in the Equipment Note Register (defined in the applicable Related Indenture) maintained pursuant to Section 2.07 of the applicable Related Indenture. 

Any party, by notice to the other parties hereto, may designate different addresses for subsequent notices or communications. Whenever the
words “notice” or “notify” or similar words are used herein, they mean the provision of formal notice as set forth in this Section 10.05. 

Section 10.06. Severability. To the extent permitted by applicable law, any provision of this Indenture that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 Section 10.07. No Oral
Modification or Continuing Waivers. No terms or provisions of this Indenture or of the Equipment Notes may be changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the Company and the Loan Trustee, in
compliance with Article IX. Any waiver of the terms hereof or of any Equipment Note shall be effective only in the specific instance and for the specific purpose given. 

Section 10.08. Successors and Assigns. All covenants and agreements contained herein shall bind and inure to the benefit of, and
be enforceable by, each of the parties hereto and the successors and permitted assigns of each, all as herein provided. Any request, notice, direction, consent, waiver or other instrument or action by any Noteholder shall bind the successors and
permitted assigns of such Noteholder. Each Noteholder by its acceptance of an Equipment Note agrees to be bound by (i) this Indenture and all provisions of the Participation Agreement, the other Operative Documents and the Pass Through
Documents applicable to a Noteholder and (ii) all provisions of each Related Indenture applicable to a Related Noteholder to the extent such Noteholder is such Related Noteholder. 

Section 10.09. Headings. The headings of the various Articles and Sections herein and in the Table of Contents hereto are for
convenience of reference only and shall not define or limit any of the terms or provisions hereof. 
 Section 10.10. Normal
Commercial Relations. Anything contained in this Indenture to the contrary notwithstanding, the Loan Trustee, any Noteholder or any other party to any of the Operative Documents or the Pass Through Documents or any of their 

  

	
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affiliates may conduct any banking or other financial transactions, and have banking or other commercial relationships, with the Company, fully to the same extent as if this Indenture were not in
effect, including without limitation the making of loans or other extensions of credit to the Company for any purpose whatsoever, whether related to any of the transactions contemplated hereby or otherwise. 

Section 10.11. Voting by Noteholders. All votes of the Noteholders shall be governed by a vote of a Majority in Interest of
Noteholders, except as otherwise provided herein. 
 Section 10.12. Section 1110. It is the intention of the parties hereto that
the security interest created hereby, to the fullest extent available under applicable law, entitles the Loan Trustee, on behalf of the Noteholders, to all of the benefits of Section 1110 with respect to the Aircraft. 

Section 10.13. The Company’s Performance and Rights. Any obligation imposed on the Company herein shall require only that the
Company perform or cause to be performed such obligation, even if stated as a direct obligation, and the performance of any such obligation by any permitted assignee, lessee or transferee under an assignment, lease or transfer agreement then in
effect and in accordance with the provisions of the Operative Documents shall constitute performance by the Company and, to the extent of such performance, discharge such obligation by the Company. Except as otherwise expressly provided herein, any
right granted to the Company in this Indenture shall grant the Company the right to permit such right to be exercised by any such assignee, lessee or transferee, and, in the case of a lessee, as if the terms hereof were applicable to such lessee
were such lessee the Company hereunder. The inclusion of specific references to obligations or rights of any such assignee, lessee or transferee in certain provisions of this Indenture shall not in any way prevent or diminish the application of the
provisions of the two sentences immediately preceding with respect to obligations or rights in respect of which specific reference to any such assignee, lessee or transferee has not been made in this Indenture. 

Section 10.14. Counterparts. This Indenture may be executed in any number of counterparts (and each of the parties hereto shall
not be required to execute the same counterpart). Each counterpart of this Indenture including a signature page or pages executed by each of the parties hereto shall be an original counterpart of this Indenture, but all of such counterparts together
shall constitute one instrument. 
 Section 10.15. Governing Law. THIS INDENTURE HAS BEEN DELIVERED IN THE STATE OF NEW YORK AND
THIS INDENTURE, ANY INDENTURE SUPPLEMENT AND THE EQUIPMENT NOTES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE. 

  

	
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 Section 10.16. Confidential Information. The term “Confidential
Information” means: (a) the existence and terms of any lease of the Airframe or Engines pursuant to Section 7.02(a) and the identity of the Permitted Lessee thereunder; (b) all information obtained in connection
with any inspection conducted by the Loan Trustee or their respective representatives pursuant to Section 7.03(a); (c) each certification furnished to the Loan Trustee or any Liquidity Provider pursuant to Section 7.06(a) and
Section 7.06(b); (d) all information contained in each report furnished to the Loan Trustee or any Liquidity Provider pursuant to Section 7.06(e); (e) all information regarding the Warranty Rights; and
(f) all other information designated by the Company as non-public information. All Confidential Information shall be held confidential by the Loan Trustee, each Liquidity Provider and each Noteholder and each affiliate, agent, officer,
director, or employee of any thereof and shall not be furnished or disclosed by any of them to anyone other than (i) the Loan Trustee or any Noteholder and (ii) their respective bank examiners, auditors, accountants, agents
and legal counsel, and except as may be required by an order of any court or administrative agency or by any statute, rule, regulation or order of any governmental authority. 

Section 10.17. Submission to Jurisdiction. Each of the parties hereto, and by acceptance of Equipment Notes, each Noteholder, to
the extent it may do so under applicable law, for purposes hereof and of all other Operative Documents hereby (a) irrevocably submits itself to the non-exclusive jurisdiction of the courts of the State of New York sitting in the City of
New York and to the non-exclusive jurisdiction of the United States District Court for the Southern District of New York, for the purposes of any suit, action or other proceeding arising out of this Indenture, the subject matter hereof or any of the
transactions contemplated hereby brought by any party or parties hereto or thereto, or their successors or permitted assigns and (b) waives, and agrees not to assert, by way of motion, as a defense, or otherwise, in any such suit, action
or proceeding, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Indenture or the Equipment Notes or the subject matter hereof or any of the
transactions contemplated hereby may not be enforced in or by such courts. 
 [Signature Pages Follow.] 

  

	
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 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed by their
respective officers thereof duly authorized, as of the date first above written. 
  

			
	AMERICAN AIRLINES, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	WILMINGTON TRUST COMPANY, not in its individual capacity, except as expressly provided herein, but solely as Loan Trustee
		
	By:	 	  

		 	Name:
		 	Title:

 [2016-1 EETC Signature Page to Indenture and Security Agreement] 

  
 Indenture and Security
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 EXHIBIT A to 

INDENTURE AND SECURITY AGREEMENT 

FORM OF INDENTURE SUPPLEMENT 

INDENTURE SUPPLEMENT ([Reg. No.]) NO.     

INDENTURE SUPPLEMENT ([Reg. No.]) NO.     , dated
            ,         (“Indenture Supplement”), between AMERICAN AIRLINES, INC. (the “Company”) and WILMINGTON
TRUST COMPANY, not in its individual capacity but solely as Loan Trustee under the Indenture (each as hereinafter defined). 
 W
I T N E S S E T H: 
 WHEREAS, the Indenture and Security Agreement ([Reg.
No.]), dated as of             , 20     (the “Indenture”; capitalized terms used herein without definition shall have the meanings specified therefor in
Annex A to the Indenture), between the Company and Wilmington Trust Company, not in its individual capacity, except as expressly provided therein, but solely as Loan Trustee (the “Loan Trustee”), provides for the execution and
delivery of supplements thereto substantially in the form hereof which shall particularly describe the Aircraft, and shall specifically grant a security interest in the Aircraft to the Loan Trustee; and 

[WHEREAS, the Indenture relates to the Airframe and Engines described in Annex A attached hereto and made a part hereof, and a counterpart of
the Indenture is attached to and made a part of this Indenture Supplement;]20 

[WHEREAS, the Company has, as provided in the Indenture, heretofore executed and delivered to the Loan Trustee Indenture Supplement(s) for the
purpose of specifically subjecting to the Lien of the Indenture certain airframes and/or engines therein described, which Indenture Supplement(s) is/are dated and has/have been duly recorded with the FAA as set forth below, to wit: 

 

					
	 Date
	  	 Recordation Date
	  	
Conveyance No.]21

		  		  	
		  		  	
		  		  	

 NOW, THEREFORE, (x) to secure (i) the prompt and complete payment (whether at stated
maturity, by acceleration or otherwise) of principal of, interest on (including interest on any overdue amounts), and Make-Whole Amount, if any, with respect to, and all other amounts due under, the Equipment Notes, (ii) all other
amounts 
  

	20 	Use for Indenture Supplement No. 1 only. 

	21 	 Use for all Indenture Supplements other than Indenture Supplement No. 1. 

  
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[Reg. No.] 

 
payable by the Company under the Operative Documents and (iii) the performance and observance by the Company of all the agreements and covenants to be performed or observed by the
Company for the benefit of the Noteholders and the Indenture Indemnitees contained in the Operative Documents, and (y) to secure the Related Secured Obligations, and in consideration of the premises and of the covenants contained in the
Operative Documents and the Related Indentures, and for other good and valuable consideration given by the Noteholders, the Indenture Indemnitees and the Related Indenture Indemnitees to the Company at or before the Closing Date, the receipt and
adequacy of which is hereby acknowledged, the Company does hereby grant, bargain, sell, convey, transfer, mortgage, assign, pledge and confirm unto the Loan Trustee and its successors in trust and permitted assigns, for the security and benefit of
the Noteholders, the Indenture Indemnitees and the Related Indenture Indemnitees, a first priority security interest in, and mortgage lien on, all estate, right, title and interest of the Company in, to and under the Aircraft, including the Airframe
and Engines described in Annex A attached hereto, whether or not any such Engine may from time to time be installed on the Airframe or any other airframe or any other aircraft, and any and all Parts relating thereto, and, to the extent provided in
the Indenture, all substitutions and replacements of, and additions, improvements, accessions and accumulations to, the Aircraft, including the Airframe, the Engines and any and all Parts (in each case other than any substitutions, replacements,
additions, improvements, accessions and accumulations that constitute items excluded from the definition of Parts by clauses (b), (c) and (d) thereof) relating thereto; 

TO HAVE AND TO HOLD all and singular the aforesaid property unto the Loan Trustee, and its successors and permitted assigns, in trust for the
equal and proportionate benefit and security of the Noteholders, the Indenture Indemnitees and the Related Indenture Indemnitees, except as otherwise provided in the Indenture, including Section 2.13 and Article III of the Indenture, without
any priority of any one Equipment Note over any other, or any Related Equipment Note over any other, by reason of priority of time of issue, sale, negotiation, date of maturity thereof or otherwise for any reason whatsoever, and for the uses and
purposes and subject to the terms and provisions set forth in the Indenture. 
 This Indenture Supplement shall be construed as supplemental
to the Indenture and shall form a part thereof, and the Indenture is hereby incorporated by reference herein and is hereby ratified, approved and confirmed. 

THIS INDENTURE SUPPLEMENT HAS BEEN DELIVERED IN THE STATE OF NEW YORK AND SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF
THE STATE OF NEW YORK, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE. 

  

	
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 [Signature Pages Follow.] 

  

	
	Indenture and Security Agreement
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	[Reg. No.]

  
 3 

 IN WITNESS WHEREOF, the undersigned have caused this Indenture Supplement No.
     to be duly executed by their respective duly authorized officers, on the date first above written. 
  

			
	AMERICAN AIRLINES, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	WILMINGTON TRUST COMPANY, not in its individual capacity, except as expressly provided in the Indenture, but solely as Loan Trustee
		
	By:	 	  

		 	Name:
		 	Title:

 Signature Page 

  
 Indenture and Security
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 Annex A to 

Indenture Supplement No.      

DESCRIPTION OF AIRFRAME AND ENGINES 

AIRFRAME 
  

									
	 Manufacturer
	  	 Model
	  	 Generic

Manufacturer

and Model
	  	 FAA

Registration

No.
	  	 Manufacturer’s

Serial No.

		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

 ENGINES 
  

							
	 Manufacturer
	  	 Model
	  	 Generic

Manufacturer and

Model
	  	 Manufacturer’s

Serial Nos.

		  		  		  	
		  		  		  	
		  		  		  	

 Each Engine has 550 or more rated takeoff horsepower or the equivalent of such horsepower and is a jet propulsion aircraft
engine having at least 1750 pounds of thrust or the equivalent of such thrust. 

  
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[Reg. No.] 

 EXHIBIT B to 

INDENTURE AND SECURITY AGREEMENT 

LIST OF PERMITTED COUNTRIES 
  

			
	Argentina	  	Kuwait
	Australia*	  	Liechtenstein*
	Austria*	  	Luxembourg*
	Bahamas	  	Malaysia
	Barbados	  	Malta
	Belgium	  	Mexico
	Bermuda Islands	  	Monaco*
	Bolivia	  	Morocco
	Brazil	  	the Netherlands*
	British Virgin Islands	  	Netherlands Antilles
	Canada*	  	New Zealand*
	Cayman Islands	  	Norway*
	Chile	  	Panama
	Colombia	  	Peoples’ Republic of China
	Czech Republic	  	Peru
	Denmark*	  	Philippines
	Ecuador	  	Poland
	Egypt	  	Portugal
	Finland*	  	Republic of China (Taiwan)
	France*	  	Russia
	Germany*	  	Singapore
	Greece	  	South Africa
	Guatemala	  	South Korea
	Hong Kong	  	Spain
	Hungary	  	Sweden*
	Iceland*	  	Switzerland*
	India	  	Thailand
	Indonesia	  	Trinidad and Tobago
	Ireland*	  	Turkey
	Italy	  	United Kingdom*
	Jamaica	  	Uruguay
	Japan*	  	Venezuela
	Jordan	  	

  

	*	Country of domicile for a manufacturer (or its Affiliate) referred to in Section 7.02(a)(ix). 

  
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[Reg. No.] 

 EXHIBIT C to 

INDENTURE AND SECURITY AGREEMENT 

AIRCRAFT TYPE VALUES FOR SECTION 7.06(b) 

[$7,000,000]22 

[$6,000,000]23 

[$20,000,000]24 

[$20,000,000]25 

 

	22 	To be inserted for Airbus A321 aircraft. 

	23 	To be inserted for Boeing 737-800 aircraft. 

	24 	To be inserted for Boeing 777-300ER aircraft. 

	25 	To be inserted for Boeing 787-8 aircraft. 

  
 Indenture and Security
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 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 SCHEDULE I to 

INDENTURE AND SECURITY AGREEMENT 

DESCRIPTION OF EQUIPMENT NOTES 
  

									
	 	  	Original Principal Amount26	 	  	Maturity Date	 
	 Series AA

Equipment Notes:
	  	[$	            	] 	  	 	January 15, 2028	  
			
	 Series A

Equipment Notes:
	  	[$	            	] 	  	 	January 15, 2028	  
			
	 Series B

Equipment Notes:
	  	[$	            	] 	  	 	January 15, 2024	  

 CERTAIN DEFINED TERMS 
  

			
	 Defined Term
	  	 Definition

	 Debt Rate for Series AA Equipment Notes
	  	3.575% per annum.
	 Make-Whole Spread for Series AA Equipment Notes
	  	0.30%.
		
	 Debt Rate for Series A Equipment Notes
	  	4.100% per annum.
	 Make-Whole Spread for Series A Equipment Notes
	  	0.40%.
		
	 Debt Rate for Series B Equipment Notes
	  	5.250% per annum.
	 Make-Whole Spread for Series B Equipment Notes
	  	0.50%.

  

	26 	For each Series, to insert the amount set forth for such Series in the line captioned “At Issuance” in the “Equipment Note Ending Balance” column for such Series relating to the relevant aircraft in
Appendix V to the applicable Prospectus Supplement relating to American Airlines Pass Through Certificate, Series 2016-1. 

  
 Indenture and Security
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 SCHEDULE I to 

INDENTURE AND SECURITY AGREEMENT 

EQUIPMENT NOTES AMORTIZATION 
  

	
	SERIES AA EQUIPMENT NOTES
	[Aircraft Manufacturer] [Model]
	[Reg. No.]

  

			
	 Payment Date
	  	Percentage of
Original Principal Amount
to be Paid
		  	
		  	
		  	

  
 Indenture and Security
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 SCHEDULE I to 

INDENTURE AND SECURITY AGREEMENT 
  

	
	SERIES A EQUIPMENT NOTES
	[Aircraft Manufacturer] [Model]
	[Reg. No.]

  

			
	 Payment Date
	  	Percentage of
Original Principal Amount
to be Paid
		  	
		  	
		  	

  
 Indenture and Security
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 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 SCHEDULE I to 

INDENTURE AND SECURITY AGREEMENT 
  

	
	SERIES B EQUIPMENT NOTES
	[Aircraft Manufacturer] [Model]
	[Reg. No.]

  

			
	 Payment Date
	  	Percentage of
Original Principal Amount
to be Paid
		  	
		  	
		  	

  
 Indenture and Security
Agreement 
 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 SCHEDULE II to 

INDENTURE AND SECURITY AGREEMENT 

PASS THROUGH TRUST AGREEMENT AND 

PASS THROUGH TRUST SUPPLEMENTS

Pass Through Trust Agreement, dated as of September 16, 2014, between American Airlines, Inc. and Wilmington Trust Company, as trustee,
as supplemented by Trust Supplement No. 2016-1AA, dated as of the Issuance Date, Trust Supplement No. 2016-1A, dated as of the Issuance Date and Trust Supplement No. 2016-1B, dated as of the Issuance Date. 

  
 Indenture and Security
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 (American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 ANNEX A to 

INDENTURE AND SECURITY AGREEMENT 

Indenture and Security Agreement 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 Participation Agreement
and 
 Indenture and Security Agreement 

DEFINITIONS 

“Additional Series” or “Additional Series Equipment Notes” means Equipment Notes issued under the Indenture
and designated as a series (other than “Series AA”, “Series A”, or “Series B”) thereunder, if any, in the principal amounts and maturities and bearing interest as specified in Schedule I to the Indenture amended at the
time of original issuance of such Additional Series under the heading for such series. 
 “Additional Series Pass Through
Certificates” means the pass through certificates, if any, issued by any Additional Series Pass Through Trust (including, without limitation, any “Refinancing Certificates” (as such term is defined in the Intercreditor
Agreement”) issued by a “Refinancing Trust” described in clause (ii) of the definition of “Additional Series Pass Through Trust”). 

“Additional Series Pass Through Trust” means (i) initially, a grantor trust, if any, created pursuant to the
applicable Pass Through Trust Agreement to facilitate the issuance and sale of pass through certificates in connection with the initial issuance of any Additional Series Equipment Notes and (ii) any “Refinancing Trust” (as such
term is defined in the Intercreditor Agreement) created in connection with any subsequent repayment or redemption of such Additional Series Equipment Notes and issuance of new Additional Series Equipment Notes. 

“Additional Series Pass Through Trust Agreement” means a Trust Supplement entered into in connection with the creation of an
Additional Series Pass Through Trust, together with the Basic Pass Through Trust Agreement, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms. 

“Additional Series Pass Through Trustee” means, with respect to any Additional Series Pass Through Trust, the trustee under
the Additional Series Pass Through Trust Agreement for such Additional Series Pass Through Trust, in its capacity as pass through trustee thereunder. 

“Affiliate” means with respect to any Person, any other Person directly or indirectly controlling, controlled by or under
common control with such Person. For the purposes of this definition, “control” (including “controlled by” and “under common control with”) shall mean the power, directly or indirectly, to direct or cause the direction
of the management and policies of such Person whether through the ownership of voting securities or by contract or otherwise. In no event shall WTC be deemed to be an Affiliate of the Loan Trustee or vice versa. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 

 “After-Tax Basis” means that indemnity and compensation payments required to be
made on such basis will be supplemented by the Person paying the base amount by that amount which, when added to such base amount, and after deduction of all Federal, state, local and foreign Taxes required to be paid by or on behalf of the payee
with respect of the receipt or realization of the base amount and any such supplemental amounts, and after consideration of any current tax savings of such payee resulting by way of any deduction, credit or other tax benefit actually and currently
realized that is attributable to such base amount or Tax, shall net such payee the full amount of such base amount. 

“Agreement” and “Participation Agreement” mean that certain Participation Agreement ([Reg. No.]), dated on
or before the Closing Date, among the Company, WTC, the Pass Through Trustee under each Pass Through Trust Agreement in effect as of the date of execution and delivery of such Participation Agreement, the Subordination Agent and the Loan Trustee, as
the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms. 
 “Aircraft”
means the Airframe (or any Substitute Airframe or Replacement Airframe substituted therefor pursuant to Section 7.04 or Section 7.05, respectively, of the Indenture) together with the two Engines described in the Indenture Supplement
originally executed and delivered under the Indenture (or any Replacement Engine that may from time to time be substituted for any of such Engines pursuant to Section 7.04 or Section 7.05 of the Indenture), whether or not any of such
initial or substituted Engines may from time to time be installed on such Airframe or installed on any other airframe or on any other aircraft. The term “Aircraft” shall include any Replacement Aircraft. 

“Aircraft Protocol” means the official English language text of the Protocol to the Convention on International Interests in
Mobile Equipment on Matters Specific to Aircraft Equipment, adopted on November 16, 2001, at a diplomatic conference in Cape Town, South Africa, and all amendments, supplements, and revisions thereto (and from and after the effective date of
the Cape Town Treaty in the relevant country, means when referring to the Aircraft Protocol with respect to that country, the Aircraft Protocol as in effect in such country, unless otherwise indicated). 

“Airframe” means (a) the [Boeing] [Airbus] [Model] (generic model [Generic Model]) aircraft further described in
Annex A to the Indenture Supplement originally executed and delivered under the Indenture (except (i) the Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and
(ii) items installed or incorporated in or attached to such aircraft from time to time that are 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-2 

 
excluded from the definition of Parts by clauses (b), (c) and (d) thereof) and (b) any and all related Parts. The term “Airframe” shall include any
Substitute Airframe or Replacement Airframe that may from time to time be substituted for the Airframe pursuant to Section 7.04 or Section 7.05, respectively, of the Indenture. At such time as a Substitute Airframe or Replacement Airframe
shall be so substituted and the Airframe for which such substitution is made shall be released from the Lien of the Indenture, such replaced Airframe shall cease to be an Airframe under the Indenture. 

“Bankruptcy Code” means the United States Bankruptcy Code, 11 United States Code §§101 et seq., as amended
from time to time, or any successor statutes thereto. 
 “Basic Pass Through Trust Agreement” means that certain Pass
Through Trust Agreement, dated as of September 16, 2014, between the Company and WTC, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms (but does not include any Trust Supplement).

 “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 New York, New York, Fort Worth, Texas, Wilmington, Delaware, Frankfurt, Germany or, if different from the foregoing, the city and state in which the Loan Trustee, any Pass Through Trustee or the Subordination Agent maintains
its Corporate Trust Office or receives and disburses funds. 
 “Cape Town Convention” means the official English language
text of the Convention on International Interests in Mobile Equipment, adopted on November 16, 2001, at a diplomatic conference in Cape Town, South Africa, and all amendments, supplements, and revisions thereto (and from and after the effective
date of the Cape Town Treaty in the relevant country, means when referring to the Cape Town Convention with respect to that country, the Cape Town Convention as in effect in such country, unless otherwise indicated). 

“Cape Town Treaty” means, collectively, the official English language text of (a) the Convention on International
Interests in Mobile Equipment, and (b) the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment, in each case adopted on November 16, 2001, at a diplomatic conference in
Cape Town, South Africa, and from and after the effective date of the Cape Town Treaty in the relevant country, means when referring to the Cape Town Treaty with respect to that country, the Cape Town Treaty as in effect in such country, unless
otherwise indicated, and (c) all rules and regulations adopted pursuant thereto and, in the case of each of the foregoing described in clauses (a) through (c), all amendments, supplements, and revisions thereto. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-3 

 “Certificated Air Carrier” means an air carrier holding an air carrier operating
certificate issued by the Secretary of Transportation pursuant to Chapter 447 of Title 49 of the United States Code for aircraft capable of carrying ten or more individuals or 6,000 pounds or more of cargo or that otherwise is certified or
registered to the extent required to fall within the purview of Section 1110. 
 “Citizen of the United States” has
the meaning specified for such term in Section 40102(a)(15) of Title 49 of the United States Code or any similar legislation of the United States enacted in substitution or replacement therefor. 

“Claim” has the meaning specified in Section 4.02(a) of the Participation Agreement. 

“Class A Certificates” means Pass Through Certificates issued by the Class A Pass Through Trust (including, without
limitation, any “Refinancing Certificates” (as such term is defined in the Intercreditor Agreement) issued by a “Refinancing Trust” described in clause (ii) of the definition of “Class A Pass Through Trust”). 

“Class A Liquidity Facility” has the meaning set forth in the Intercreditor Agreement. 

“Class A Liquidity Provider” has the meaning set forth in the Intercreditor Agreement. 

“Class A Pass Through Trust” means (i) initially, the American Airlines Pass Through Trust 2016-1A created pursuant to
the Basic Pass Through Trust Agreement, as supplemented by Trust Supplement No. 2016-1A, dated as of the Issuance Date, between the Company and WTC, as Class A Trustee, and (ii) any “Refinancing Trust” (as such term is
defined in the Intercreditor Agreement) created in connection with any subsequent repayment or redemption of Series A Equipment Notes and issuance of new Series A Equipment Notes. 

“Class A Trustee” means the trustee for the Class A Pass Through Trust. 

“Class AA Certificates” means Pass Through Certificates issued by the Class AA Pass Through Trust. 

“Class AA Liquidity Facility” has the meaning set forth in the Intercreditor Agreement. 

“Class AA Liquidity Provider” has the meaning set forth in the Intercreditor Agreement. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-4 

 “Class AA Pass Through Trust” means the American Airlines Pass Through Trust
2016-1AA created pursuant to the Basic Pass Through Trust Agreement, as supplemented by Trust Supplement No. 2016-1AA, dated as of the Issuance Date, between the Company and WTC, as Class AA Trustee. 

“Class AA Trustee” means the trustee for the Class AA Pass Through Trust. 

“Class B Certificates” means Pass Through Certificates issued by the Class B Pass Through Trust (including, without
limitation, any “Refinancing Certificates” (as such term is defined in the Intercreditor Agreement) issued by a “Refinancing Trust” described in clause (ii) of the definition of “Class B Pass Through Trust”). 

“Class B Liquidity Facility” has the meaning set forth in the Intercreditor Agreement. 

“Class B Liquidity Provider” has the meaning set forth in the Intercreditor Agreement. 

“Class B Pass Through Trust” means (i) initially, the American Airlines Pass Through Trust 2016-1B created pursuant to
the Basic Pass Through Trust Agreement, as supplemented by Trust Supplement No. 2016-1B, dated as of the Issuance Date, between the Company, and WTC, as Class B Trustee, and (ii) any “Refinancing Trust” (as such term is defined
in the Intercreditor Agreement) created in connection with any subsequent repayment or redemption of Series B Equipment Notes and issuance of new Series B Equipment Notes. 

“Class B Trustee” means the trustee for the Class B Pass Through Trust. 

“Closing” has the meaning specified in Section 2.03 of the Participation Agreement. 

“Closing Date” means the date of the closing of the transaction contemplated by the Operative Documents. 

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

“Collateral” has the meaning specified in the granting clause of the Indenture. 

“Company” means American Airlines, Inc., and its successors and permitted assigns. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-5 

 “Compulsory Acquisition” means requisition of title or other compulsory
acquisition, capture, seizure, deprivation, confiscation or detention for any reason of the Aircraft, the Airframe or any Engine by any government that results in the loss of title or use of the Aircraft, the Airframe or any Engine by the Company
(or any Permitted Lessee) for a period in excess of 180 consecutive days, but shall exclude requisition for use not involving requisition of title. 

“Confidential Information” has the meaning specified in Section 10.16 of the Indenture. 

“Controlling Party” has the meaning specified in Section 2.06 of the Intercreditor Agreement. 

“Corporate Trust Office” has the meaning specified in Section 1.01 of the Intercreditor Agreement. 

“CRAF Program” means the Civil Reserve Air Fleet Program authorized under 10 U.S.C. Section 9511 et seq. or
any similar or substitute program under the laws of the United States. 
 “Debt Rate” means, with respect to any Series of
Equipment Notes, (i) the rate per annum specified for the applicable Series as such in Schedule I to the Indenture (as, in the case of any Equipment Notes issued after the Closing Date, such Schedule I may be amended in
connection with such issuance), and (ii) for any other purpose, with respect to any period, the weighted average interest rate per annum during such period borne by the outstanding Equipment Notes, excluding any interest payable at the
Past Due Rate. 
 “Defaulted Operative Indenture” means any Operative Indenture (the terms “Event of Default”,
“Equipment Notes” and “Payment Default” used in this definition have the meanings specified therefor in such Operative Indenture) with respect to which (i) a Payment Default has occurred and is continuing or an Event
of Default described in Section 4.01(a) of such Operative Indenture has occurred and is continuing or (ii) an Event of Default other than an Event of Default described in Section 4.01(a) of such Operative Indenture has occurred
and is continuing and, in any such case, either (x) the Equipment Notes issued thereunder have been accelerated and such acceleration has not been rescinded and annulled in accordance therewith or (y) the loan trustee under
such Operative Indenture has given the Company a notice of its intention to exercise one or more of the remedies specified in Section 4.02(a) of such Operative Indenture; provided that in the event of a bankruptcy proceeding under the
Bankruptcy Code under which the Company is a debtor, if and so long as the trustee or the debtor agrees to perform and performs all obligations of the Company under such Operative Indenture and the Equipment Notes issued thereunder in accordance
with Section 1110(a)(2) of the Bankruptcy Code and cures defaults under such Operative Indentures and Equipment Notes to the extent required by Section 1110(a)(2) of the Bankruptcy Code, such Operative Indenture shall not be a Defaulted
Operative Indenture. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-6 

 “Department of Transportation” means the United States Department of
Transportation and any agency or instrumentality of the United States government succeeding to its functions. 

“Direction” has the meaning specified in Section 2.16 of the Indenture. 

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

“EASA” means the European Aviation Safety Agency of the European Union and any successor agency. 

“Eligible Account” means an account established by and with an Eligible Institution at the request of the Loan Trustee, which
institution agrees, for all purposes of the NY UCC including Article 8 thereof, that (a) such account shall be a “securities account” (as defined in Section 8-501(a) of the NY UCC), (b) such institution is a
“securities intermediary” (as defined in Section 8-102(a)(14) of the NY UCC), (c) all property (other than cash) credited to such account shall be treated as a “financial asset” (as defined in
Section 8-102(a)(9) of the NY UCC), (d) the Loan Trustee shall be the “entitlement holder” (as defined in Section 8-102(a)(7) of the NY UCC) in respect of such account, (e) it will comply with all
entitlement orders issued by the Loan Trustee to the exclusion of the Company, (f) it will waive or subordinate in favor of the Loan Trustee all claims (including, without limitation, claims by way of security interest, lien or right of
set-off or right of recoupment), and (g) the “securities intermediary jurisdiction” (under Section 8-110(e) of the NY UCC) shall be the State of New York. 

“Eligible Institution” means the corporate trust department of (a) WTC or any other Person that becomes a
successor Loan Trustee under the Indenture, in each case, acting solely in its capacity as a “securities intermediary” (as defined in Section 8-102(a)(14) of the NY UCC), or (b) a depository institution organized under the
laws of the United States of America or any one of the states thereof or the District of Columbia (or any United States branch of a foreign bank), which has a Long-Term Rating of at least A (or its equivalent) from Moody’s and A (or its
equivalent) from S&P. 
 “Engine” means (a) each of the two [Engine Manufacturer and Model] engines
(generic manufacturer and model [Generic Manufacturer and Model]) listed by manufacturer’s serial number and further described in Annex A to the Indenture Supplement originally executed and delivered under the Indenture, whether or not from
time to time installed on the Airframe or installed on any other airframe or on any other aircraft, and (b) any Replacement Engine that may from time to time be substituted for an 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-7 

 
Engine pursuant to Section 7.04 or 7.05 of the Indenture; together in each case with any and all related Parts, but excluding items installed or incorporated in or attached to any such
engine from time to time that are excluded from the definition of Parts. At such time as a Replacement Engine shall be so substituted and the Engine for which substitution is made shall be released from the Lien of the Indenture, such replaced
Engine shall cease to be an Engine under the Indenture. 
 “Equipment Note” means and includes any equipment notes issued
under the Indenture in the form specified in Section 2.01 thereof (as such form may be varied pursuant to the terms of the Indenture) and any Equipment Note issued in exchange therefor or replacement thereof pursuant to Section 2.07 or
2.08 of the Indenture. 
 “Equipment Note Register” has the meaning specified in Section 2.07 of the Indenture. 

“Equipment Note Registrar” has the meaning specified in Section 2.07 of the Indenture. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations
promulgated and rulings issued thereunder. Section references to ERISA are to ERISA as in effect at the date of the Participation Agreement and any subsequent provisions of ERISA amendatory thereof, supplemental thereto or substituted therefor. 

“Event of Default” has the meaning specified in Section 4.01 of the Indenture. 

“Event of Loss” means, with respect to the Aircraft, Airframe or any Engine, any of the following events with respect to such
property: 
 (a) the loss of such property or of the use thereof due to destruction, damage beyond repair or rendition of such property
permanently unfit for normal use for any reason whatsoever; 
 (b) any damage to such property which results in an insurance settlement with
respect to such property on the basis of a total loss, a compromised total loss or a constructive total loss; 
 (c) the theft, hijacking or
disappearance of such property for a period in excess of 180 consecutive days; 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-8 

 (d) the requisition for use of such property by any government (other than a requisition for use
by a Government or the government of the country of registry of the Aircraft) that shall have resulted in the loss of possession of such property by the Company (or any Permitted Lessee) for a period in excess of 12 consecutive months; 

(e) the operation or location of the Aircraft, while under requisition for use by any government, in any area excluded from coverage by any
insurance policy in effect with respect to the Aircraft required by the terms of Section 7.06 of the Indenture, unless the Company shall have obtained indemnity or insurance in lieu thereof from such government; 

(f) any Compulsory Acquisition; 

(g) as a result of any law, rule, regulation, order or other action by the FAA or other government of the country of registry, the use of the
Aircraft or Airframe in the normal business of air transportation shall have been prohibited by virtue of a condition affecting all aircraft of the same type for a period of 18 consecutive months, unless the Company shall be diligently carrying
forward all steps that are necessary or desirable to permit the normal use of the Aircraft or Airframe or, in any event, if such use shall have been prohibited for a period of three consecutive years; and 

(h) with respect to an Engine only, any divestiture of title to or interest in an Engine or any event with respect to an Engine that is deemed
to be an Event of Loss with respect to such Engine pursuant to Section 7.02(a)(vii) or Section 7.05(e) of the Indenture. 
 An
Event of Loss with respect to the Aircraft shall be deemed to have occurred if an Event of Loss occurs with respect to the Airframe unless the Company elects to substitute a Replacement Airframe pursuant to Section 7.05(a)(i) of the Indenture.

 “FAA” means the United States Federal Aviation Administration and any agency or instrumentality of the United States
government succeeding to its functions. 
 “FAA Bill of Sale” means the bill of sale for the Aircraft on AC Form 8050-2 (or
such other form as may be approved by the FAA), executed by the Manufacturer in favor of the Company and recorded with the FAA. 

“Federal Funds Rate” means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at
all times be equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the
next preceding Business Day) by the Federal Reserve Bank of New York, or if such rate is not so published for any day that is a Business Day, the average of the quotations for such day for such transactions received by WTC from three Federal funds
brokers of recognized standing selected by it. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-9 

 “Government” means the government of any of Canada, France, Germany, Japan, The
Netherlands, Sweden, Switzerland, the United Kingdom or the United States and any instrumentality or agency thereof. 

“Indemnitee” has the meaning specified in Section 4.02(b) of the Participation Agreement. 

“Indenture” means that certain Indenture and Security Agreement ([Reg. No.]), dated as of the Closing Date, between the
Company and the Loan Trustee, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms, including supplementation by an Indenture Supplement pursuant to the Indenture. 

“Indenture Indemnitee” means (i) the Loan Trustee, (ii) WTC, (iii) each separate or
successor or additional trustee appointed pursuant to Section 8.02 of the Indenture, (iv) so long as it holds any Equipment Notes as agent and trustee of any Pass Through Trustee, the Subordination Agent, (v) each
Liquidity Provider, (vi) so long as it is the holder of any Equipment Notes, each Pass Through Trustee, (vii) [reserved], (viii) [reserved] and (ix) any of their respective successors and permitted
assigns in such capacities, directors, officers, employees, agents and servants. No holder of a Pass Through Certificate in its capacity as such shall be an Indenture Indemnitee. 

“Indenture Supplement” means a supplement to the Indenture, substantially in the form of Exhibit A to the Indenture, which
shall particularly describe the Aircraft, and any Substitute Airframe, Replacement Airframe and/or Replacement Engine included in the property subject to the Lien of the Indenture. 

“Intercreditor Agreement” means that certain Intercreditor Agreement, dated as of the Issuance Date, among the Pass Through
Trustees, the Liquidity Providers and the Subordination Agent, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms; provided that, for purposes of any obligations of the Company, no
amendment, modification or supplement to, or substitution or replacement of, such Intercreditor Agreement shall be effective unless consented to by the Company. 

“Interests” has the meaning specified in Section 7.06(a) of the Indenture. 

“International Interest” has the meaning ascribed to the defined term “international interest” under the Cape Town
Treaty. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-10 

 “International Registry” means the international registry established pursuant
to the Cape Town Treaty. 
 “Issuance Date” means January 19, 2016. 

“JAA” means the Joint Aviation Authorities and any successor authority. 

“Lease” means any lease permitted by the terms of Section 7.02(a) of the Indenture. 

“Lien” means any mortgage, pledge, lien, encumbrance, lease, sublease, sub-sublease or security interest. 

“Liquidity Facilities” means, collectively, the Class AA Liquidity Facility, the Class A Liquidity Facility and the
Class B Liquidity Facility. 
 “Liquidity Providers” means, collectively, the Class AA Liquidity Provider, the Class A
Liquidity Provider and the Class B Liquidity Provider. 
 “Loan Amount” has the meaning specified in Section 7.06(b)
of the Indenture. 
 “Loan Trustee” has the meaning specified in the introductory paragraph of the Indenture. 

“Loan Trustee Liens” means any Lien attributable to WTC or the Loan Trustee with respect to the Aircraft, any interest
therein or any other portion of the Collateral arising as a result of (i) claims against WTC or the Loan Trustee not related to its interest in the Aircraft or the administration of the Collateral pursuant to the Indenture,
(ii) acts of WTC or the Loan Trustee not permitted by, or the failure of WTC or the Loan Trustee to take any action required by, the Operative Documents or the Pass Through Documents, (iii) claims against WTC or the Loan
Trustee relating to Taxes or Claims that are excluded from the indemnification provided by Section 4.02 of the Participation Agreement pursuant to said Section 4.02 or (iv) claims against WTC or the Loan Trustee arising out of
the transfer by any such party of all or any portion of its interest in the Aircraft, the Collateral, the Operative Documents or the Pass Through Documents, except while an Event of Default is continuing and prior to the time that the Loan Trustee
has received all amounts due to it pursuant to the Indenture. 
 “Long-Term Rating” has the meaning specified in the
Intercreditor Agreement. 
 “Loss Payment Date” has the meaning specified in Section 7.05(a) of the Indenture. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-11 

 “Majority in Interest of Noteholders” means, as of a particular date of
determination and subject to Section 2.16 of the Indenture, the holders of at least a majority in aggregate unpaid principal amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by the Company or any
Affiliate thereof, it being understood that a Pass Through Trustee shall be considered an Affiliate of the Company as long as more than 50% in the aggregate face amount of Pass Through Certificates issued by the corresponding Pass Through Trust are
held by the Company or an Affiliate of the Company or a Pass Through Trustee is otherwise under the control of the Company or such Affiliate of the Company (unless all Equipment Notes then outstanding are held by the Company or any Affiliate
thereof, including the Pass Through Trustees which are considered Affiliates of the Company pursuant hereto)); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder,
any Noteholder of an Equipment Note or Equipment Notes may allocate, in such Noteholder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action,
vote, consent, waiver or instruction. 
 “Make–Whole Amount” means, with respect to any Equipment Note, the amount (as
determined by an independent investment banker selected by the Company (and, following the occurrence and during the continuance of an Event of Default, reasonably acceptable to the Loan Trustee)), if any, by which (i) the present value
of the remaining scheduled payments of principal and interest from the redemption date to maturity of such Equipment Note computed by discounting each such payment on a semiannual basis from its respective Payment Date (assuming a 360-day year of
twelve 30 day months) using a discount rate equal to the Treasury Yield plus the Make-Whole Spread exceeds (ii) the outstanding principal amount of such Equipment Note plus accrued but unpaid interest thereon to the date of redemption.
For purposes of determining the Make-Whole Amount, “Treasury Yield” means, at the date of determination, the interest rate (expressed as a semiannual equivalent and as a decimal rounded to the number of decimal places as appears in
the Debt Rate of such Equipment Note and, in the case of United States Treasury bills, converted to a bond equivalent yield) determined to be the per annum rate equal to the semiannual yield to maturity for United States Treasury securities maturing
on the Average Life Date and trading in the public securities market either as determined by interpolation between the most recent weekly average constant maturity, non-inflation-indexed series yield to maturity for two series of United States
Treasury securities, trading in the public securities markets, (A) one maturing as close as possible to, but earlier than, the Average Life Date and (B) the other maturing as close as possible to, but later than, the Average
Life Date, in each case as reported in the most recent H.15(519) or, if a weekly average constant maturity, non-inflation-indexed series yield to maturity for United States Treasury securities maturing on the Average Life Date is reported in the
most recent H.15(519), such weekly average yield to maturity as reported 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-12 

 
in such H.15(519). “H.15(519)” means the weekly statistical release designated as such, or any successor publication, published by the Board of Governors of the Federal Reserve
System. The date of determination of a Make-Whole Amount shall be the third Business Day prior to the applicable redemption date and the “most recent H.15(519)” means the latest H.15(519) published prior to the close of business on
the third Business Day prior to the applicable redemption date. “Average Life Date” means, for each Equipment Note to be redeemed, the date which follows the redemption date by a period equal to the Remaining Weighted Average Life
at the redemption date of such Equipment Note. “Remaining Weighted Average Life” of an Equipment Note, at the redemption date of such Equipment Note, means the number of days equal to the quotient obtained by dividing:
(i) the sum of the products obtained by multiplying (A) the amount of each then remaining installment of principal, including the payment due on the maturity date of such Equipment Note, by (B) the number of days
from and including the redemption date to but excluding the scheduled Payment Date of such principal installment by (ii) the then unpaid principal amount of such Equipment Note. 

“Make-Whole Spread” means, with respect to any Series of Equipment Notes, the percentage specified for the applicable Series
as such in Schedule I to the Indenture, as, in the case of any Series of Equipment Notes issued after the Closing Date, such Schedule I may be amended in connection with such issuance. 

“Manufacturer” means [The Boeing Company, a Delaware corporation, and its successors and assigns]1[Airbus S.A.S., a société par actions simplifiée organized and existing under the laws of the Republic of France]2.

 “Manufacturer’s Consent” means the [Manufacturer’s Consent and Agreement to Assignment of Warranties, dated as
of the Closing Date, substantially in the form of Exhibit D to the Participation Agreement]3 [Consent and Agreement to Indenture and Security Agreement substantially in the form of Exhibit D to
the Participation Agreement]4. 
 “MCMV” has the meaning specified in
Section 7.04(e) of the Indenture. 
 “Moody’s” means Moody’s Investors Service, Inc. 

 

	1 	[Include in the case of Boeing aircraft.] 

	2 	[Include in the case of Airbus aircraft.] 

	3 	[To be inserted for Boeing aircraft.] 

	4 	[To be inserted for Airbus aircraft.] 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-13 

 “Noteholder” means any Person in whose name an Equipment Note is registered on
the Equipment Note Register (including, for so long as it is the registered holder of any Equipment Notes, the Subordination Agent on behalf of the Pass Through Trustees pursuant to the provisions of the Intercreditor Agreement). 

“Noteholder Liens” means any Lien attributable to any Noteholder on or against the Aircraft, any interest therein or any
other portion of the Collateral, arising out of any claim against such Noteholder that is not related to the Operative Documents or Pass Through Documents, or out of any act or omission of such Noteholder that is not related to the transactions
contemplated by, or that constitutes a breach by such Noteholder of its obligations under, the Operative Documents or the Pass Through Documents. 

“Note Purchase Agreement” means the Note Purchase Agreement, dated as of the Issuance Date, among the Company, the
Subordination Agent and the Pass Through Trustee under each Pass Through Trust Agreement providing for, among other things, the issuance and sale of certain equipment notes, as the same may be amended, supplemented or otherwise modified from time to
time in accordance with its terms. 
 “NY UCC” means UCC as in effect in the State of New York. 

“Operative Documents” means, collectively, the Participation Agreement, the Indenture, each Indenture Supplement, the
Manufacturer’s Consent and the Equipment Notes. 
 “Operative Indentures” means, as of any date, each
“Indenture” (as such term is defined in the Note Purchase Agreement), including the Indenture, whether or not any other “Indenture” shall have been entered into before or after the date of the Indenture, but only if as of such
date all “Equipment Notes” (as defined in each such “Indenture”) are held by the “Subordination Agent” under the “Intercreditor Agreement”, as such terms are defined in each such “Indenture”. 

“Other Party Liens” means any Lien attributable to any Pass Through Trustee (other than in its capacity as Noteholder), the
Subordination Agent (other than in its capacity as Noteholder) or any Liquidity Provider on or against the Aircraft, any interest therein, or any other portion of the Collateral arising out of any claim against such party that is not related to the
Operative Documents or the Pass Through Documents, or out of any act or omission of such party that is not related to the transactions contemplated by, or that constitutes a breach by such party of its obligations under, the Operative Documents or
the Pass Through Documents. 
 “Participation Agreement” has the meaning set forth under the definition of
“Agreement”. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-14 

 “Parts” means any and all appliances, parts, instruments, appurtenances,
accessories, furnishings and other equipment of whatever nature (other than (a) complete Engines or engines, (b) any items leased or financed (other than pursuant to the Indenture) by the Company or any Permitted Lessee,
(c) Passenger Convenience Equipment and (d) cargo containers) so long as the same shall be incorporated or installed in or attached to the Airframe or any Engine or so long as the same shall be subject to the Lien of the
Indenture in accordance with the terms of Section 7.04 thereof after removal from the Airframe or any such Engine unless, in each case, the Lien of the Indenture shall not be applicable thereto in accordance with the terms of Section 7.04
of the Indenture. 
 “Pass Through Certificates” means the pass through certificates issued by any Pass Through Trust (and
any other pass through certificates for which such pass through certificates may be exchanged). 
 “Pass Through Documents”
means each Pass Through Trust Agreement, the Note Purchase Agreement, the Intercreditor Agreement and each Liquidity Facility. 

“Pass Through Trust” means each of the three separate grantor trusts that have been or will be created pursuant to the Pass
Through Trust Agreements to facilitate certain of the transactions contemplated by the Operative Documents. 
 “Pass Through Trust
Agreement” means each of the three separate Trust Supplements relating to the Pass Through Trusts, together in each case with the Basic Pass Through Trust Agreement, as the same may be amended, supplemented or otherwise modified from time
to time in accordance with its terms. 
 “Pass Through Trustee” means the trustee under each Pass Through Trust Agreement,
together with any successor in interest and any successor or other trustee appointed as provided in such Pass Through Trust Agreement. 

“Passenger Convenience Equipment” means components or systems installed on or affixed to the Airframe that are used to
provide individual telecommunications services or entertainment services to passengers aboard the Aircraft. 
 “Past Due
Rate” means the lesser of (a) with respect to (i) any payment made to a Noteholder under any Series of Equipment Notes, the Debt Rate then applicable to such Series plus 1% and (ii) any other payment made
under any Operative Document to any other Person, the Debt Rate plus 1% (computed on the basis of a year of 360 days comprised of twelve 30-day months) and (b) the maximum rate permitted by applicable law. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-15 

 “Payment Date” means, for any Equipment Note, each January 15 and
July 15, commencing with July 15, 2016. 
 “Payment Default” means the occurrence of an event that would give
rise to an Event of Default under Section 4.01(a) of the Indenture upon the giving of notice or the passing of time or both. 

“Permitted Investments” means each of (a) direct obligations of the United States and agencies thereof;
(b) obligations fully guaranteed by the United States; (c) certificates of deposit issued by, or bankers’ acceptances of, or time deposits with, any bank, trust company or national banking association incorporated or
doing business under the laws of the United States or one of the states thereof having combined capital and surplus and retained earnings of at least $100,000,000 and having a Long-Term Rating (or its Short-Term Rating equivalent) from either
Moody’s of at least Aa3 (or its equivalent) or S&P of at least AA- (or its equivalent) (or, if neither such organization then rates such institutions, an equivalent long-term rating or short-term rating from any nationally recognized rating
organization in the United States); (d) commercial paper of any holding company of a bank, trust company or national banking association described in clause (c); (e) commercial paper of companies having a Short-Term Rating
assigned to such commercial paper by either Moody’s or S&P (or, if neither such organization then rates such commercial paper, by any nationally recognized rating organization in the United States) equal to either of the two highest ratings
assigned by such organization; (f) Dollar-denominated certificates of deposit issued by, or time deposits with, the European subsidiaries of (i) any bank, trust company or national banking association described in clause (c),
or (ii) any other bank or financial institution described in clause (g), (h) or (j) below; (g) United States-issued Yankee certificates of deposit issued by, or bankers’ acceptances of, or commercial paper
issued by, any bank having combined capital and surplus and retained earnings of at least $100,000,000 and headquartered in Canada, Japan, the United Kingdom, France, Germany, Switzerland or The Netherlands and having a Long-Term Rating (or its
Short-Term Rating equivalent) from either Moody’s of at least Aa3 (or its equivalent) or S&P of at least AA- (or its equivalent) (or, if neither such organization then rates such institutions, an equivalent long-term rating or short-term
rating from any nationally recognized rating organization in the United States); (h) Dollar-denominated time deposits with any Canadian bank having a combined capital and surplus and retained earnings of at least $100,000,000 and having
a Long-Term Rating (or its Short-Term Rating equivalent) from either Moody’s of at least Aa3 (or its equivalent) or S&P of at least AA- (or its equivalent) (or, if neither such organization then rates such institutions, an equivalent
long-term rating or short-term rating from any nationally recognized rating organization in the United States); (i) Canadian Treasury Bills fully hedged to Dollars; (j) repurchase agreements with any financial institution
having combined capital and surplus and retained earnings of at least $100,000,000 collateralized by transfer of possession of any of the obligations described 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-16 

 
in clauses (a) through (i) above; (k) bonds, notes or other obligations of any state of the United States, or any political subdivision of any state, or any agencies or
other instrumentalities of any such state, including, but not limited to, industrial development bonds, pollution control revenue bonds, public power bonds, housing bonds, other revenue bonds or any general obligation bonds, that, at the time of
their purchase, such obligations have a Long-Term Rating (or its Short-Term Rating equivalent) from either Moody’s of at least Aa3 (or its equivalent) or S&P of at least AA- (or its equivalent) (or, if neither such organization then rates
such obligations, an equivalent long-term rating or short-term rating from any nationally recognized rating organization in the United States); (1) bonds or other debt instruments of any company, if such bonds or other debt instruments,
at the time of their purchase, have a Long-Term Rating (or its Short-Term Rating equivalent) from either Moody’s of at least Aa3 (or its equivalent) or S&P of at least AA- (or its equivalent) (or, if neither such organization then rates
such obligations, an equivalent long-term rating or short-term rating from any nationally recognized rating organization in the United States); (m) mortgage backed securities (i) guaranteed by the Federal National Mortgage
Association, the Federal Home Loan Mortgage Corporation or the Government National Mortgage Association or having a Long-Term Rating (or its Short-Term Rating equivalent) from either Moody’s of at least Aa3 (or its equivalent) or S&P of at
least AA- (or its equivalent) (or, if neither such organization then rates such securities, an equivalent long-term rating or short-term rating from any nationally recognized rating organization in the United States) or, if unrated, deemed to be of
a comparable quality by the Loan Trustee and (ii) having an average life not to exceed one year as determined by standard industry pricing practices presently in effect; (n) asset-backed securities having a Long-Term Rating
(or its Short-Term Rating equivalent) from either Moody’s of at least Aa3 (or its equivalent) or S&P of at least AA- (or its equivalent) (or, if neither such organization then rates such securities, an equivalent long-term rating or
short-term rating from any nationally recognized rating organization in the United States) or, if unrated, deemed to be of a comparable quality by the Loan Trustee; (o) shares of United States Securities and Exchange Commission
registered money market mutual fund(s) having a money market fund rating of at least Aaa-mf or its equivalent from Moody’s or a money market fund rating of at least AAAm or its equivalent from S&P and (p) such other investments
approved in writing by the Loan Trustee; provided that the instruments described in the foregoing clauses shall have a maturity no later than the earlier of (i) 365 days following the date of their purchase and (ii) the
date when such investments may be required for distribution. The bank acting as the Pass Through Trustee or the Loan Trustee is hereby authorized, in making or disposing of any investment described herein, to deal with itself (in its individual
capacity) or with any one or more of its affiliates, whether it or such affiliate is acting as an agent of the Pass Through Trustee or the Loan Trustee or for any third person or dealing as principal for its own account. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-17 

 “Permitted Lessee” means any Person to whom the Company is permitted to lease
the Airframe or any Engine pursuant to Section 7.02(a)(viii) or (ix) of the Indenture. 
 “Permitted Lien” has
the meaning specified in Section 7.01 of the Indenture. 
 “Person” means any person, including any individual,
corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, trustee, unincorporated organization or government or any agency or political subdivision thereof. 

“Prospective International Interest” has the meaning ascribed to the defined term “prospective international
interest” under the Cape Town Treaty. 
 “Purchase Agreement” means the Purchase Agreement as described in Schedule
I to the Participation Agreement. 
 “Rating Agencies” has the meaning specified in the Intercreditor Agreement. 

“Related Additional Series Equipment Note” means, with respect to any particular series of Additional Series Equipment Notes
and as of any date, an “Additional Series Equipment Note,” as defined in each Related Indenture, having the same designation (i.e., “Series C” or the like) as such Additional Series Equipment Notes, but only if as of such
date it is held by the “Subordination Agent” under the “Intercreditor Agreement,” as such terms are defined in such Related Indenture. 

“Related Equipment Note” means, as of any date, an “Equipment Note” as defined in each Related Indenture, but only
if as of such date it is held by the “Subordination Agent” under the “Intercreditor Agreement”, as such terms are defined in such Related Indenture. 

“Related Indemnitee Group” has the meaning specified in Section 4.02(b) of the Participation Agreement. 

“Related Indenture” means each Operative Indenture (other than the Indenture). 

“Related Indenture Bankruptcy Default” means any “Event of Default” under Section 4.01(f), (g), (h) or
(i) of any Related Indenture, determined without giving effect to any applicable grace period. 
 “Related Indenture Event of
Default” means any “Event of Default” under any Related Indenture. 
 “Related Indenture Indemnitee”
means each Related Noteholder. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-18 

 “Related Loan Trustee” means the “Loan Trustee” as defined in each
Related Indenture. 
 “Related Make-Whole Amount” means the “Make-Whole Amount”, as defined in each Related
Indenture. 
 “Related Noteholder” means a registered holder of a Related Equipment Note. 

“Related Secured Obligations” means, as of any date, the outstanding principal amount of the Related Equipment Notes issued
under each Related Indenture, the accrued and unpaid interest (including, to the extent permitted by applicable law, post-petition interest and interest on any overdue amounts) due thereon in accordance with such Related Indenture as of such date,
the Related Make-Whole Amount, if any, with respect thereto due thereon in accordance with such Related Indenture as of such date, and any other amounts payable as of such date under the “Operative Documents” (as defined in each Related
Indenture). 
 “Related Series A Equipment Note” means, as of any date, a “Series A Equipment Note”, as defined
in each Related Indenture, but only if as of such date it is held by the “Subordination Agent” under the “Intercreditor Agreement”, as such terms are defined in such Related Indenture. 

“Related Series AA Equipment Note” means, as of any date, a “Series AA Equipment Note”, as defined in each Related
Indenture, but only if as of such date it is held by the “Subordination Agent” under the “Intercreditor Agreement”, as such terms are defined in such Related Indenture. 

“Related Series B Equipment Note” means, as of any date, a “Series B Equipment Note”, as defined in each Related
Indenture, but only if as of such date it is held by the “Subordination Agent” under the “Intercreditor Agreement”, as such terms are defined in such Related Indenture. 

“Replacement Aircraft” means the Aircraft of which a Substitute Airframe or Replacement Airframe is part. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-19 

 “Replacement Airframe” means [a Boeing] [an Airbus] [A321]5 [737-800]6 [777-300ER]7 [787-8]8
aircraft or a comparable or improved model of the Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) items installed or incorporated
in or attached to such airframe from time to time that are excluded from the definition of Parts by clauses (b), (c) and (d) thereof), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.05 thereof,
together with all Parts relating to such aircraft. 
 “Replacement Engine” means a [Engine Manufacturer and Model] engine
(or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that
shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine
from time to time that are excluded from the definition of Parts. 
 “Replacement Liquidity Facility” has the meaning set
forth in the Intercreditor Agreement. 
 “Replacement Liquidity Provider” has the meaning set forth in the Intercreditor
Agreement. 
 “Responsible Officer” means, with respect to the Company, its Chairman of the Board, its President, any
Senior Vice President, the Chief Financial Officer, any Vice President, the Treasurer, the Assistant Treasurer, the Secretary or any other management employee (a) whose power to take the action in question has been authorized, directly
or indirectly, by the Board of Directors of the Company, (b) working directly under the supervision of its Chairman of the Board, its President, any Senior Vice President, the Chief Financial Officer, any Vice President, the Treasurer or
the Secretary and (c) whose responsibilities include the administration of the transactions and agreements contemplated by the Participation Agreement and the Indenture. 

“S&P” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC
business. 
 “Section 1110” means Section 1110 of the Bankruptcy Code. 

“Secured Obligations” has the meaning specified in Section 2.06 of the Indenture. 

“Securities Account” has the meaning specified in Section 3.07 of the Indenture. 

 

	5 	[To be inserted for Airbus A321 aircraft.] 

	6 	[To be inserted for Boeing 737-800 aircraft.] 

	7 	[To be inserted for Boeing 777-300ER aircraft.] 

	8 	 [To be inserted for Boeing 787-8 aircraft.] 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-20 

 “Securities Act” means the Securities Act of 1933, as amended from time to time.

 “Securities Intermediary” has the meaning specified in Section 3.07 of the Indenture. 

“Series” means any series of Equipment Notes, including the Series AA Equipment Notes, the Series A Equipment Notes, the
Series B Equipment Notes or any Additional Series Equipment Notes. 
 “Series A” or “Series A Equipment
Notes” means Equipment Notes issued and designated as “Series A Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading
“Series A Equipment Notes” and bearing interest at the Debt Rate for Series A Equipment Notes specified in Schedule I to the Indenture. 

“Series AA” or “Series AA Equipment Notes” means Equipment Notes issued and designated as “Series AA
Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series AA Equipment Notes” and bearing interest at the Debt Rate for Series AA
Equipment Notes specified in Schedule I to the Indenture. 
 “Series B” or “Series B Equipment
Notes” means Equipment Notes issued and designated as “Series B Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading
“Series B Equipment Notes” and bearing interest at the Debt Rate for Series B Equipment Notes specified in Schedule I to the Indenture. 

“Short-Term Rating” has the meaning specified in the Intercreditor Agreement. 

“Specified Person” has the meaning specified in Section 7.06(a) of the Indenture. 

“Subordination Agent” has the meaning specified in the introductory paragraph to the Participation Agreement. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-21 

 “Substitute Airframe” means [an Airbus A321]9 [a Boeing 737-800]10 [a Boeing 777-300ER]11 [a Boeing 787-8]12 aircraft (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) items installed or incorporated in
or attached to such airframe from time to time that are excluded from the definition of Parts by clauses (b), (c) and (d) thereof), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 thereof,
together with all Parts relating to such aircraft. 
 “Tax” and “Taxes” mean all governmental fees
(including, without limitation, license, filing and registration fees) and all taxes (including, without limitation, franchise, excise, stamp, value added, income, gross receipts, sales, use and property taxes), withholdings, assessments, levies,
imposts, duties or charges, of any nature whatsoever, together with any related penalties, fines, additions to tax or interest thereon imposed, withheld, levied or assessed by any country, taxing authority or governmental subdivision thereof or
therein or by any international authority, including any taxes imposed on any Person as a result of such Person being required to collect and pay over withholding taxes. 

“Transportation Code” means that portion of Title 49 of the United States Code comprising those provisions formerly referred
to as the Federal Aviation Act of 1958, as amended, or any subsequent legislation that amends, supplements or supersedes such provisions. 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended from time to time. 

“Trust Supplements” means (i) those agreements supplemental to the Basic Pass Through Trust Agreement referred to in
Schedule III to the Participation Agreement as of the Closing Date and (ii) in the case of (x) any new Class A Certificates or Class B Certificates issued in connection with any subsequent repayment or redemption of any Series
A Equipment Notes or Series B Equipment Notes, as the case may be, or (y) any Additional Series Pass Through Certificates, if issued, whether in connection with the initial issuance of any Additional Series Equipment Notes or in connection with
any subsequent redemption of any Additional Series Equipment Notes, an agreement supplemental to the Basic Pass Through Trust Agreement pursuant to which (a) a separate trust is created for the benefit of the holders of such Class A
Certificates, Class B Certificates or Additional Series Pass Through Certificates, (b) the issuance of such Class A Certificates, Class B Certificates or Additional Series Pass Through Certificates representing fractional undivided
interests in the Class A Certificates, Class B Certificates or Additional Series Pass Through Trust, as applicable, is authorized and (c) the terms of such Class A Certificates, Class B Certificates or Additional Series Pass
Through Certificates are established. 
  

	9 	[To be inserted for Airbus A321 aircraft.] 

	10 	[To be inserted for Boeing 737-800 aircraft.] 

	11 	[To be inserted for Boeing 777-300ER aircraft.] 

	12 	 [To be inserted for Boeing 787-8 aircraft.] 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-22 

 “UCC” means the Uniform Commercial Code as in effect in any applicable
jurisdiction. 
 “Underwriter” means each of the underwriters identified as such in the Underwriting Agreement. 

“Underwriting Agreement” means that certain Underwriting Agreement, dated as of January 12, 2016, between the Company
and Goldman, Sachs & Co., as representative of the underwriters named therein, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms. 

“United States” means the United States of America. 

“Warranty Bill of Sale” means the warranty (as to title) bill of sale covering the Aircraft, executed by the Manufacturer in
favor of the Company and specifically referring to each Engine, as well as the Airframe, constituting a part of the Aircraft. 

“Warranty Rights” means the Warranty Rights as described in Schedule I to the Participation Agreement. 

“WTC” has the meaning specified in the introductory paragraph to the Participation Agreement. 

  
 Annex A 

(American Airlines 2016-1 Aircraft EETC) 

[Reg. No.] 
 A-23

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