Document:

exv4w6

Exhibit 4.6

EXECUTION COPY

      

ESCROW AND PAYING AGENT AGREEMENT

(Class A)

Dated as of July 7, 2009

among

U.S. BANK NATIONAL ASSOCIATION

as Escrow Agent

MORGAN STANLEY & CO. INCORPORATED

GOLDMAN, SACHS & CO.

and

CALYON SECURITIES (USA) INC.

as Underwriters

U.S. BANK TRUST NATIONAL ASSOCIATION,

not in its individual capacity,

but solely as Pass Through Trustee

for and on behalf of

American Airlines Pass Through Trust 2009-1A

as Pass Through Trustee

and

U.S. BANK TRUST NATIONAL ASSOCIATION

as Paying Agent

      

Escrow and Paying Agent Agreement (Class A)

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Table of Contents

	 	 	 	 	 
	 	 	Page	 
	SECTION 1. Escrow Agent
	 	 	2	 
	 
	 	 	 	 
	Section 1.01. Appointment of Escrow Agent
	 	 	2	 
	Section 1.02. Instruction; Etc
	 	 	3	 
	Section 1.03. Initial Escrow Amount; Issuance of Escrow Receipts
	 	 	5	 
	Section 1.04. Payments to Receiptholders
	 	 	5	 
	Section 1.05. Mutilated, Destroyed, Lost or Stolen Escrow Receipt
	 	 	6	 
	Section 1.06. Additional Escrow Amounts
	 	 	6	 
	Section 1.07. Resignation or Removal of Escrow Agent
	 	 	6	 
	Section 1.08. Persons Deemed Owners
	 	 	7	 
	Section 1.09. Further Assurances
	 	 	7	 
	 
	 	 	 	 
	SECTION 2. Paying Agent
	 	 	7	 
	 
	 	 	 	 
	Section 2.01. Appointment of Paying Agent
	 	 	7	 
	Section 2.02. Establishment of Paying Agent Account
	 	 	8	 
	Section 2.03. Payments from Paying Agent Account
	 	 	8	 
	Section 2.04. Withholding Taxes
	 	 	9	 
	Section 2.05. Resignation or Removal of Paying Agent
	 	 	10	 
	Section 2.06. Notice of Final Withdrawal
	 	 	10	 
	Section 2.07. [Intentionally Omitted.]
	 	 	11	 
	Section 2.08. Further Assurances
	 	 	11	 
	 
	 	 	 	 
	SECTION 3. Payments
	 	 	11	 
	 
	 	 	 	 
	SECTION 4. Other Actions
	 	 	11	 
	 
	 	 	 	 
	SECTION 5. Representations and Warranties of the Escrow Agent
	 	 	12	 
	 
	 	 	 	 
	SECTION 6. Representations and Warranties of the Paying Agent
	 	 	13	 
	 
	 	 	 	 
	SECTION 7. Indemnification
	 	 	14	 
	 
	 	 	 	 
	SECTION 8. Amendment, Etc
	 	 	14	 
	 
	 	 	 	 
	SECTION 9. Notices
	 	 	15	 
	 
	 	 	 	 
	SECTION 10. Transfer
	 	 	16	 
	 
	 	 	 	 
	SECTION 11. Entire Agreement
	 	 	16	 
	 
	 	 	 	 
	SECTION 12. Governing Law
	 	 	16	 

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	 	 	Page	 
	SECTION 13. Submission to Jurisdiction in New York
	 	 	16	 
	 
	 	 	 	 
	SECTION 14. Waiver of Jury Trial Right
	 	 	17	 
	 
	 	 	 	 
	SECTION 15. Counterparts
	 	 	17	 
	 
	 	 	 	 
	SECTION 16. Rights of Holders
	 	 	17	 
	 
	 	 	 	 
	Exhibit A            Form of Escrow Receipt
	 	 	 	 
	Exhibit B            Form of Withdrawal Certificate
	 	 	 	 

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ESCROW AND PAYING AGENT AGREEMENT

(Class A)

     This ESCROW AND PAYING AGENT AGREEMENT (Class A), dated as of July 7, 2009 (as amended,
modified or supplemented from time to time, this “Agreement”), is made by and among U.S.
BANK NATIONAL ASSOCIATION, a national banking association, as Escrow Agent (in such capacity,
together with its successors in such capacity, the “Escrow Agent”); MORGAN STANLEY & CO.
INCORPORATED, GOLDMAN, SACHS & CO. and CALYON SECURITIES (USA) INC., as underwriters of the
Certificates referred to below (the “Underwriters” and together with their respective
transferees and assigns as registered owners of the Certificates, the “Investors”) under
the Underwriting Agreement referred to below; U.S. BANK TRUST NATIONAL ASSOCIATION, a national
banking association, not in its individual capacity except as otherwise expressly provided herein,
but solely as trustee (in such capacity, together with its successors in such capacity, the
“Pass Through Trustee”) under the Pass Through Trust Agreement referred to below; and U.S.
BANK TRUST NATIONAL ASSOCIATION, a national banking association, as paying agent hereunder (in such
capacity, together with its successors in such capacity, the “Paying Agent”).

W I T N E S S E T H:

     WHEREAS, American Airlines, Inc. (“American”) and the Pass Through Trustee have
entered into a Trust Supplement, dated as of July 7, 2009 (the “Trust Supplement”), to the
Pass Through Trust Agreement, dated as of March 21, 2002 (together, as amended, modified or
supplemented from time to time in accordance with the terms thereof, the “Pass Through Trust
Agreement”), relating to American Airlines Pass Through Trust 2009-1A (the “Pass Through
Trust”) pursuant to which the American Airlines Pass Through Trust, Series 2009-1A Certificates
referred to therein (the “Certificates”) are being issued (the date of such issuance, the
“Issuance Date”);

     WHEREAS, American and the Underwriters have entered into an Underwriting Agreement dated as of
June 29, 2009 (as amended, modified or supplemented from time to time in accordance with the terms
thereof, the “Underwriting Agreement”) pursuant to which the Pass Through Trustee will
issue and sell the Certificates to the Underwriters;

     WHEREAS, American, the Pass Through Trustee and certain other persons concurrently herewith
are entering into the Note Purchase Agreement, dated as of the date hereof (the “Note Purchase
Agreement”), pursuant to which the Pass Through Trustee has agreed to acquire from time to time
on or prior to the Delivery Period Termination Date (as defined in the Note Purchase Agreement)
equipment notes (the “Equipment Notes”) issued either in respect of aircraft owned by
American or to finance

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the acquisition of certain aircraft by American, as owner, utilizing a portion of the proceeds
from the sale of the Certificates (the “Net Proceeds”);

     WHEREAS, the Underwriters and the Pass Through Trustee intend that the Net Proceeds be held in
escrow by the Escrow Agent on behalf of the Investors, subject to withdrawal upon request by the
Pass Through Trustee and satisfaction of the conditions set forth in the Note Purchase Agreement
for the purpose of purchasing Equipment Notes, and that pending such withdrawal the Net Proceeds be
deposited on behalf of the Escrow Agent with The Bank of New York Mellon, as Depositary (the
“Depositary”, which shall also be deemed to refer to any Replacement Depositary (as defined
in the Note Purchase Agreement) from and after the date on which the Deposits are transferred to
such Replacement Depositary) under the Deposit Agreement (Class A), dated as of the date hereof,
between the Depositary and the Escrow Agent relating to the Pass Through Trust (as amended,
modified, supplemented or replaced from time to time in accordance with the terms thereof, the
“Deposit Agreement”, which shall also be deemed to refer to any Replacement Deposit
Agreement (as defined in the Note Purchase Agreement) to which the Escrow Agent becomes a party
pursuant to Section 1.02(a) hereof from and after the transfer of the Deposits from the
Depositary to the Replacement Depositary) pursuant to which, among other things, the Depositary
will pay interest for distribution to the Investors and establish accounts from which the Escrow
Agent shall make withdrawals upon request of and proper certification by the Pass Through Trustee;

     WHEREAS, the Escrow Agent wishes to appoint the Paying Agent to pay amounts required to be
distributed to the Investors in accordance with this Agreement; and

     WHEREAS, capitalized terms used but not defined herein shall have the meanings ascribed to
such terms in the Pass Through Trust Agreement.

     NOW, THEREFORE, in consideration of the obligations contained herein, and for other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties
hereto hereby agree as follows:

     SECTION 1. Escrow Agent.

     Section 1.01. Appointment of Escrow Agent. Each of the Underwriters, for and on
behalf of each of the Investors, hereby irrevocably appoints, authorizes and directs the Escrow
Agent to act as escrow agent hereunder and under the Deposit Agreement for such specific purposes
and with such powers as are specifically delegated to the Escrow Agent by the terms of this
Agreement, together with such other powers as are reasonably incidental thereto. Any and all money
received and held by the Escrow Agent under this Agreement or the Deposit Agreement shall be held
in escrow by the Escrow Agent in accordance with the terms of this Agreement. This Agreement is
irrevocable and the Investors’ rights with respect to any monies received and held in escrow by the
Escrow

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Agent under this Agreement or the Deposit Agreement shall only be as provided under the terms
and conditions of this Agreement and the Deposit Agreement. The Escrow Agent (which term as used
in this sentence shall include reference to its affiliates and its own and its affiliates’
officers, directors, employees and agents): (a) shall have no duties or responsibilities
except those expressly set forth in this Agreement; (b) shall not be responsible for any
recitals, statements, representations or warranties of any person other than itself contained in
this Agreement or the Deposit Agreement or for the failure by the Pass Through Trustee, the
Investors or any other person or entity (other than the Escrow Agent) to perform any of its
obligations hereunder (whether or not the Escrow Agent shall have any knowledge thereof);
(c) may consult with legal counsel in connection with its duties hereunder and under the
Deposit Agreement and shall be fully protected if any action taken, suffered or permitted by it in
good faith in accordance with the advice of counsel selected by it with due care; (d) shall
not be responsible for any action taken or omitted to be taken by it hereunder or provided for
herein or in connection herewith, except for its own willful misconduct or gross negligence (or
simple negligence in connection with the handling of funds); and (e) shall in no event be
liable for punitive, incidental or consequential damages.

     Section 1.02. Instruction; Etc. The Underwriters, for and on behalf of each of the
Investors, hereby irrevocably instruct the Escrow Agent, and the Escrow Agent agrees:

          (a) to enter into the Deposit Agreement, and, if applicable, in accordance with Section
5 of the Note Purchase Agreement, to enter into a Replacement Deposit Agreement with the
Replacement Depositary;

          (b) to appoint the Paying Agent as provided in this Agreement;

          (c) upon receipt at any time and from time to time prior to the Termination Date (as defined
below) of a certificate substantially in the form of Exhibit B hereto (a “Withdrawal
Certificate”) executed by the Pass Through Trustee, together with an attached Notice of
Purchase Withdrawal in substantially the form of Exhibit A to the Deposit Agreement duly completed
by the Pass Through Trustee (the “Applicable Notice of Purchase Withdrawal” and the
withdrawal to which it relates, a “Purchase Withdrawal”), immediately to execute the
Applicable Notice of Purchase Withdrawal as Escrow Agent and transmit it to the Depositary by
facsimile transmission in accordance with the Deposit Agreement; provided that, upon the
request of the Pass Through Trustee after such transmission, the Escrow Agent shall cancel such
Applicable Notice of Purchase Withdrawal;

          (d) upon receipt of a Withdrawal Certificate executed by the Pass Through Trustee, together
with an attached Notice of Replacement Withdrawal

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(as such term is defined in the Deposit Agreement) in substantially the form of Exhibit C to
the Deposit Agreement duly completed by the Pass Through Trustee, to:

               (X) immediately execute such Notice of Replacement Withdrawal as Escrow Agent and
transmit it to the Depositary by facsimile transmission in accordance with the Deposit
Agreement requesting a withdrawal, on the date specified in such notice, which shall not be
less than five Business Days after such notice is given (the “Replacement Withdrawal
Date”), of (x) with respect to all Deposits then held by the Depositary,
(1) the entire amount of such Deposits together with (2) all accrued and
unpaid interest on such Deposits to but excluding the Replacement Withdrawal Date and
(y) with respect to all Deposits, if any, previously withdrawn pursuant to the
Applicable Notices of Purchase Withdrawal, all accrued and unpaid interest on such Deposits
to but excluding the date of the applicable Purchase Withdrawal (such withdrawal of the
amounts in the immediately preceding clauses (x) and (y), a “Replacement
Withdrawal”); and

               (Y) direct the Depositary to transfer (i) the amounts requested to be
withdrawn pursuant to clause (x) of the immediately preceding paragraph, to the Replacement
Depositary in accordance with the Replacement Deposit Agreement and (ii) the
amounts requested to be withdrawn pursuant to clause (y) of the immediately preceding
paragraph, to the Paying Agent Account (as defined below);

          (e) [intentionally omitted];

          (f) if there are any undrawn Deposits (as defined in the Deposit Agreement) on the
“Termination Date”, which shall mean the earlier of (i) the Outside Termination
Date (as defined below) and (ii) the day on which the Escrow Agent receives notice from the
Pass Through Trustee that the Pass Through Trustee’s obligation to purchase Equipment Notes under
the Note Purchase Agreement has terminated and the Cut-Off Date has occurred, to immediately give
notice to the Depositary (with a copy to the Paying Agent) substantially in the form of Exhibit B
to the Deposit Agreement requesting a withdrawal of all of the remaining Deposits, together with
accrued and unpaid interest on such Deposits to the date of withdrawal, on the 15th day
after the date that such notice of withdrawal is given to the Depositary (or, if not a Business
Day, on the next succeeding Business Day) (the “Final Withdrawal”); provided that,
if the day scheduled for the Final Withdrawal in accordance with the foregoing is within 10 days
before or after a Regular Distribution Date, then the Escrow Agent shall request that such
requested Final Withdrawal be made on such Regular Distribution Date (the date of such requested
withdrawal, the “Final Withdrawal Date”). If for any reason the Escrow Agent shall have
failed to give the Final Withdrawal Notice to the Depositary on or before the Outside Termination
Date and there are unwithdrawn Deposits on such date, the Final Withdrawal Date shall be deemed to
be the Outside Termination Date. The term

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“Outside Termination Date” shall mean January 31, 2011, or such later date (which date
shall in no event be later than the second anniversary of the Issuance Date) as the Pass Through
Trustee shall have notified the Escrow Agent pursuant to Section 1(l) of the Note Purchase
Agreement. Upon receipt of a notice from the Pass Through Trustee that the “Outside Termination
Date” shall be a date later than January 31, 2011, the Escrow Agent shall promptly notify the
Depositary in accordance with the Deposit Agreement that the “Outside Termination Date” (as such
term is defined in the Deposit Agreement) shall be such later day. 

     Section 1.03. Initial Escrow Amount; Issuance of Escrow Receipts. The Escrow Agent
hereby directs the Underwriters to, and the Underwriters hereby acknowledge that on the date hereof
they shall, irrevocably deliver to the Depositary on behalf of the Escrow Agent, an amount in U.S.
dollars (“Dollars”) and immediately available funds equal to $366,432,000 for deposit on
behalf of the Escrow Agent with the Depositary in accordance with Section 2.1 of the
Deposit Agreement. The Underwriters hereby instruct the Escrow Agent, upon receipt by the
Depositary of such sum from the Underwriters, to confirm such receipt by executing and delivering
to the Pass Through Trustee an Escrow Receipt in the form of Exhibit A hereto (each, an “Escrow
Receipt” and, collectively, the “Escrow Receipts”) (a) to be affixed by the
Pass Through Trustee to each Certificate and (b) to evidence the same percentage interest
(the “Escrow Interest”) in the Account Amounts (as defined below) as the Fractional
Undivided Interest in the Pass Through Trust evidenced by the Certificate to which such Escrow
Receipt is to be affixed. The Escrow Agent shall provide to the Pass Through Trustee for
attachment to each Certificate newly issued under and in accordance with the Pass Through Trust
Agreement an executed Escrow Receipt as the Pass Through Trustee may from time to time request of
the Escrow Agent. Each Escrow Receipt shall be registered by the Escrow Agent in a register (the
“Register”) maintained by the Escrow Agent in the name of the same holder that is the
holder of the Certificate to which such Escrow Receipt is attached and may not thereafter be
detached from such Certificate to which it is to be affixed. No Escrow Receipt may be assigned or
transferred except in connection with the assignment or transfer of the Certificate to which such
Escrow Receipt is affixed. After the termination of the Deposit Agreement (or, if applicable, any
Replacement Deposit Agreement), no additional Escrow Receipts shall be issued and the Pass Through
Trustee shall request the return to the Escrow Agent for cancellation of all outstanding Escrow
Receipts.

     Section 1.04. Payments to Receiptholders. All payments and distributions made to a
holder (each, a “Receiptholder” and, collectively, the “Receiptholders”) of an
Escrow Receipt in respect of such Escrow Receipt shall be made only from amounts deposited in the
Paying Agent Account (as defined below) (the “Account Amounts”). Each Receiptholder, by
its acceptance of an Escrow Receipt, agrees that (a) it will look solely to the Account
Amounts for any payment or distribution due to such Receiptholder pursuant to the terms of such
Escrow Receipt and this Agreement (subject to Section 16 hereof) and (b) it will
have no recourse to American, the Pass Through Trustee, the

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Paying Agent or the Escrow Agent, except as expressly provided herein or in the Pass Through
Trust Agreement. No Receiptholder shall have any right to vote or in any manner otherwise control
the operation and management of the Paying Agent Account (as defined below) or the obligations of
the parties hereto, nor shall anything set forth herein, or contained in the terms of any Escrow
Receipt, be construed so as to constitute the Receiptholders from time to time as partners or
members of an association.

     Section 1.05. Mutilated, Destroyed, Lost or Stolen Escrow Receipt. If (a) any
mutilated Escrow Receipt is surrendered to the Escrow Agent or the Escrow Agent receives evidence
to its satisfaction of the destruction, loss or theft of any Escrow Receipt and (b) there
is delivered to the Escrow Agent and the Pass Through Trustee such security, indemnity or bond, as
may be required by them to hold each of them harmless, then, absent notice to the Escrow Agent or
the Pass Through Trustee that such destroyed, lost or stolen Escrow Receipt has been acquired by a
bona fide purchaser, and provided that the requirements of Section 8-405 of the Uniform Commercial
Code in effect in any applicable jurisdiction are met, the Escrow Agent shall execute and deliver,
in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Escrow Receipt, a new
Escrow Receipt or Escrow Receipts and of like Escrow Interest in the Account Amounts and bearing a
number not contemporaneously outstanding.

     In connection with the issuance of any new Escrow Receipt under this Section 1.05, the
Escrow Agent may require the payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in relation thereto and any other expenses (including the fees and
expenses of the Pass Through Trustee and the Escrow Agent) connected therewith.

     Any duplicate Escrow Receipt issued pursuant to this Section 1.05 shall constitute
conclusive evidence of the appropriate Escrow Interest in the Account Amounts, as if originally
issued, whether or not the lost, stolen or destroyed Escrow Receipt shall be found at any time.

     The provisions of this Section 1.05 are exclusive and shall preclude (to the extent
lawful) all other rights and remedies with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Escrow Receipts.

     Section 1.06. Additional Escrow Amounts. On the date of any Purchase Withdrawal, the
Pass Through Trustee may re-deposit with the Depositary some or all of the amounts so withdrawn in
accordance with Section 2.4 of the Deposit Agreement.

     Section 1.07. Resignation or Removal of Escrow Agent. Subject to the appointment and
acceptance of a successor Escrow Agent as provided below, the Escrow Agent may resign at any time
by giving 30 days’ prior written notice thereof to the Investors, but may not otherwise be removed
except for cause by the written consent of the Investors with respect to Investors representing
Escrow Interests aggregating not less

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than a majority in interest in the Account Amounts (an “Action of Investors”). Upon
any such resignation or removal, the Investors, by an Action of Investors, shall have the right to
appoint a successor Escrow Agent. If no successor Escrow Agent shall have been so appointed and
shall have accepted such appointment within 30 days after the retiring Escrow Agent’s giving of
notice of resignation or the removal of the retiring Escrow Agent, then the retiring Escrow Agent
may appoint a successor Escrow Agent. Any successor Escrow Agent shall be a bank which has an
office in the United States with a combined capital and surplus of at least $100,000,000. Upon the
acceptance of any appointment as Escrow Agent hereunder by a successor Escrow Agent, such successor
Escrow Agent shall enter into such documents as the Pass Through Trustee shall require and shall
thereupon succeed to and become vested with all the rights, powers, privileges and duties of the
retiring Escrow Agent, and the retiring Escrow Agent shall be discharged from its duties and
obligations hereunder. No resignation or removal of the Escrow Agent shall be effective unless a
written confirmation shall have been obtained from each of Standard & Poor’s Ratings Services, a
Standard & Poor’s Financial Services LLC business, and Moody’s Investors Service, Inc., that the
replacement of the Escrow Agent with the successor Escrow Agent will not result in (a) a
reduction of the rating for the Certificates below the then current rating for the Certificates or
(b) a withdrawal or suspension of the rating of the Certificates.

     Section 1.08. Persons Deemed Owners. Prior to due presentment of a Certificate for
registration of transfer, the Escrow Agent and the Paying Agent may treat the Person in whose name
any Escrow Receipt is registered (as of the day of determination) as the owner of such Escrow
Receipt for the purpose of receiving distributions pursuant to this Agreement and for all other
purposes whatsoever, and neither the Escrow Agent nor the Paying Agent shall be affected by any
notice to the contrary.

     Section 1.09. Further Assurances. Without limiting Sections 4 and 8
of this Agreement, the Escrow Agent agrees to take such actions, and execute such other documents,
as may be reasonably requested by the Pass Through Trustee in order to effectuate the purposes of
this Agreement, the Note Purchase Agreement or the Deposit Agreement and the performance by the
Escrow Agent of its obligations hereunder or thereunder.

     SECTION 2. Paying Agent.

     Section 2.01. Appointment of Paying Agent. The Escrow Agent hereby irrevocably
appoints and authorizes the Paying Agent to act as its paying agent hereunder, for the benefit of
the Investors, for such specific purposes and with such powers as are specifically delegated to the
Paying Agent by the terms of this Agreement, together with such other powers as are reasonably
incidental thereto. Any and all money received and held by the Paying Agent under this Agreement
or the Deposit Agreement shall be held in the Paying Agent Account for the benefit of the
Investors. The Paying

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Agent (which term as used in this sentence shall include reference to its affiliates and its
own and its affiliates’ officers, directors, employees and agents): (a) shall have no
duties or responsibilities except those expressly set forth in this Agreement, and shall not by
reason of this Agreement be a trustee for the Escrow Agent; (b) shall not be responsible
for any recitals, statements, representations or warranties of any person other than itself
contained in this Agreement or for the failure by the Escrow Agent or any other person or entity
(other than the Paying Agent) to perform any of its obligations hereunder (whether or not the
Paying Agent shall have any knowledge thereof); (c) may consult with legal counsel in
connection with its duties hereunder and under the Deposit Agreement and shall be fully protected
if any action taken, suffered or permitted by it in good faith in accordance with the advice of
counsel selected by it with due care; (d) shall not be responsible for any action taken or
omitted to be taken by it hereunder or provided for herein or in connection herewith, except for
its own willful misconduct or gross negligence (or simple negligence in connection with the
handling of funds); and (e) shall in no event be liable for punitive, incidental or
consequential damages.

     Section 2.02. Establishment of Paying Agent Account. Upon the execution of this
Agreement, the Paying Agent shall establish and maintain a segregated trust account (the
“Paying Agent Account”) with the corporate trust department of U.S. Bank Trust National
Association in the name of the Escrow Agent, bearing a designation clearly indicating that the
funds deposited therein are held in trust for the benefit of the Escrow Agent. It is expressly
understood by the parties hereto that the Paying Agent is acting as the paying agent and trustee of
the Escrow Agent hereunder and that no amounts on deposit in the Paying Agent Account constitute
part of the Trust Property. The Paying Agent shall be under no obligation to invest any amounts
held by it pursuant to the terms of this Agreement and the funds held in the Paying Agent Account
shall not earn or accrue interest.

     Section 2.03. Payments from Paying Agent Account. The Escrow Agent hereby irrevocably
instructs the Paying Agent, and the Paying Agent agrees to act, as follows:

          (a) On each Interest Payment Date (as defined in the Deposit Agreement) or as soon thereafter
as the Paying Agent has confirmed receipt in the Paying Agent Account from the Depositary of any
amount in respect of accrued interest on the Deposits (other than as part of any Replacement
Withdrawal or Final Withdrawal), the Paying Agent shall distribute out of the Paying Agent Account
the entire amount deposited therein by the Depositary. There shall be so distributed to each
Receiptholder of record in the Register on the 15th day (whether or not a Business Day)
preceding such Interest Payment Date by check mailed to such Receiptholder, at the address
appearing in the Register, such Receiptholder’s pro rata share (based on the Escrow Interest in the
Account Amounts held by such Receiptholder) of the total amount of interest deposited by the
Depositary in the Paying Agent Account on such date, except that, with respect to Escrow Receipts
registered on the record date specified above in the name of a nominee

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of The Depository Trust Company (“DTC”), such distribution shall be made by wire
transfer in immediately available funds to the account designated by DTC.

          (b) Upon the confirmation by the Paying Agent of receipt in the Paying Agent Account from the
Depositary of any amount in respect of any Final Withdrawal, the Paying Agent shall forthwith
distribute the entire amount of the Final Withdrawal deposited therein by the Depositary. There
shall be so distributed to each Receiptholder of record on the 15th day (whether or not
a Business Day) preceding the Final Withdrawal Date by check mailed to such Receiptholder, at the
address appearing in the Register, such Receiptholder’s pro rata share (based on the Escrow
Interest in the Account Amounts held by such Receiptholder) of the total amount in the Paying Agent
Account on account of such Final Withdrawal, except that, with respect to Escrow Receipts
registered on the record date specified above in the name of a nominee of DTC, such distribution
shall be made by wire transfer in immediately available funds to the account designated by DTC.

          (c) Upon the confirmation by the Paying Agent of receipt in the Paying Agent Account from the
Depositary of any amount referred to in clause (y) of Section 1.02(d)(X) in respect of the
Replacement Withdrawal, on the immediately succeeding Interest Payment Date, the Paying Agent shall
distribute out of the Paying Agent Account the entire such amount deposited therein by the
Depositary. There shall be so distributed to each Receiptholder of record in the Register on the
15th day (whether or not a Business Day) preceding such Interest Payment Date by check
mailed to such Receiptholder, at the address appearing in the Register, such Receiptholder’s pro
rata share (based on the Escrow Interest in the Account Amounts held by such Receiptholder) of the
total amount of interest deposited by the Depositary in the Paying Agent Account on such date,
except that, with respect to Escrow Receipts registered on the record date specified above in the
name of a nominee of DTC, such distribution shall be made by wire transfer in immediately available
funds to the account designated by DTC.

          (d) If any payment of interest referred to in Section 2.03(a) or of interest or
principal in respect of any Final Withdrawal or any Replacement Withdrawal is not received by the
Paying Agent within five days of the applicable date when due, then it shall be distributed to
Receiptholders after actual receipt by the Paying Agent on the same basis as a Special Payment is
distributed under the Pass Through Trust Agreement.

          (e) The Paying Agent shall include with any check mailed pursuant to this Section 2.03
any notice required to be distributed under the Pass Through Trust Agreement that is furnished to
the Paying Agent by the Pass Through Trustee.

     Section 2.04. Withholding Taxes. The Paying Agent shall exclude and withhold from
each distribution of accrued interest on the Deposits (as defined in the Deposit

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Agreement) and any amount in respect of any Final Withdrawal any and all withholding taxes
applicable thereto as required by law. The Paying Agent 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 in respect of the Deposits (as defined in the
Deposit Agreement) or the escrow amounts, to withhold such amounts and timely pay the same to the
appropriate authority in the name of and on behalf of the Receiptholders, 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 such Receiptholder appropriate documentation showing
the payment thereof, together with such additional documentary evidence as such Receiptholder may
reasonably request from time to time. The Paying Agent agrees to file any other information
reports as it may be required to file under United States law.

     Section 2.05. Resignation or Removal of Paying Agent. Subject to the appointment and
acceptance of a successor Paying Agent as provided below, the Paying Agent may resign at any time
by giving 30 days’ prior written notice thereof to the Escrow Agent, but may not otherwise be
removed except for cause by the Escrow Agent. Upon any such resignation or removal, the Escrow
Agent shall have the right to appoint a successor Paying Agent. If no successor Paying Agent shall
have been so appointed and shall have accepted such appointment within 30 days after the retiring
Paying Agent’s giving of notice of resignation or the removal of the retiring Paying Agent, then
the retiring Paying Agent may appoint a successor Paying Agent. Any successor Paying Agent shall
be a bank which has an office in the United States with a combined capital and surplus of at least
$100,000,000. Upon the acceptance of any appointment as Paying Agent hereunder by a successor
Paying Agent, such successor Paying Agent shall enter into such documents as the Escrow Agent shall
require and shall thereupon succeed to and become vested with all the rights, powers, privileges
and duties of the retiring Paying Agent, and the retiring Paying Agent shall be discharged from its
duties and obligations hereunder.

     Section 2.06. Notice of Final Withdrawal. Promptly after receipt by the Paying Agent
of notice that the Escrow Agent has requested a Final Withdrawal or that a Final Withdrawal will be
made, the Paying Agent shall cause notice of the distribution of the Final Withdrawal to be mailed
to each of the Receiptholders at its address as it appears in the Register. Subject to the proviso
at the end of the first sentence of Section 1.02(f), such notice shall be mailed not less
than 15 days prior to the Final Withdrawal Date. Such notice shall set forth:

          (i) the Final Withdrawal Date and the date for determining Receiptholders of record
who shall be entitled to receive distributions in respect of the Final Withdrawal,

Escrow and Paying Agent Agreement (Class A)

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          (ii) the amount of the payment in respect of the Final Withdrawal for each $1,000 face
amount Certificate (based on information provided by the Pass Through Trustee) and the
amount thereof constituting unused Deposits (as defined in the Deposit Agreement) and
interest thereon, and

          (iii) if the Final Withdrawal Date is the same date as a Regular Distribution Date,
the total amount to be received on such date for each $1,000 face amount Certificate (based
on information provided by the Pass Through Trustee).

     Such mailing may include any notice required to be given to Certificateholders in connection
with such distribution pursuant to the Pass Through Trust Agreement.

     Section 2.07. [Intentionally Omitted.]

     Section 2.08. Further Assurances. Without limiting Section 8 of this
Agreement, the Paying Agent agrees to take such actions, and execute such other documents, as may
be reasonably requested by the Pass Through Trustee in order to effectuate the purposes of this
Agreement or the Note Purchase Agreement and the performance by the Escrow Agent of its obligations
hereunder or thereunder.

     SECTION 3. Payments. If, notwithstanding the instructions in Section 4 of the
Deposit Agreement that all amounts payable to the Escrow Agent under the Deposit Agreement be paid
by the Depositary directly to the Paying Agent, the Pass Through Trustee or a Replacement
Depositary (depending on the circumstances), the Escrow Agent receives any payment thereunder, then
the Escrow Agent shall forthwith pay such amount in Dollars and in immediately available funds by
wire transfer to (a) in the cases of (i) a payment of accrued interest on the
Deposits (as defined in the Deposit Agreement), (ii) any Final Withdrawal, or (iii)
any amount referred to in clause (y) of Section 1.02(d)(X) in respect of the Replacement
Withdrawal, directly to the Paying Agent Account, (b) in the case of any Purchase
Withdrawal, directly to the Pass Through Trustee or its designee as specified and in the manner
provided in the Applicable Notice of Purchase Withdrawal, and (c) in the case of any amount
referred to in clause (x) of Section 1.02(d)(X) in respect of the Replacement Withdrawal,
to the Replacement Depositary as provided in the Replacement Depositary Agreement. The Escrow
Agent hereby waives any and all rights of set-off, combination of accounts, right of retention or
similar right (whether arising under applicable law, contract or otherwise) it may have against
amounts payable to the Paying Agent howsoever arising.

     SECTION 4. Other Actions. The Escrow Agent shall take such other actions under or in
respect of the Deposit Agreement (including, without limitation, the enforcement of the obligations
of the Depositary thereunder) as the Investors, by an Action of Investors, may from time to time
request, and agrees not to amend, supplement or otherwise modify the Deposit Agreement without an
Action of Investors, except that,

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11

 

without limiting Sections 4(a)(v) and 5(e) of the Note Purchase Agreement, no
such Action of Investors will be required for any amendment contemplated by such Sections of the
Note Purchase Agreement.

     SECTION 5. Representations and Warranties of the Escrow Agent. The Escrow Agent
represents and warrants to American, the Investors, the Paying Agent and the Pass Through Trustee
as follows:

          (i) it is a national banking association duly organized and validly existing in good
standing under the laws of the United States of America;

          (ii) it has full power, authority and legal right to conduct its business and
operations as currently conducted and to enter into and perform its obligations under this
Agreement, the Deposit Agreement and any Replacement Deposit Agreement;

          (iii) the execution, delivery and performance of each of this Agreement, the Deposit
Agreement and any Replacement Deposit Agreement have been duly authorized by all necessary
corporate action on the part of it and do not require any stockholder approval, or approval
or consent of any trustee or holder of any indebtedness or obligations of it, and each such
document (other than a Replacement Deposit Agreement) has been duly executed and delivered
by it and constitutes its legal, valid and binding obligations enforceable against it in
accordance with the terms hereof or thereof except as such enforceability may be limited by
bankruptcy, insolvency, moratorium, reorganization or other similar laws or equitable
principles of general application to or affecting the enforcement of creditors’ rights
generally (regardless of whether such enforceability is considered in a proceeding in
equity or at law);

          (iv) no authorization, consent or approval of or other action by, and no notice to or
filing with, any United States federal or state governmental authority or regulatory body
governing its banking or trust powers is required for the execution, delivery or
performance by it of this Agreement, the Deposit Agreement or any Replacement Deposit
Agreement;

          (v) neither the execution, delivery or performance by it of this Agreement, the
Deposit Agreement or any Replacement Deposit Agreement, nor compliance with the terms and
provisions hereof or thereof, conflicts or will conflict with or results or will result in
a breach or violation of any of the terms, conditions or provisions of, or will require any
consent or approval under, any law, governmental rule or regulation applicable to the
exercise of its banking or trust powers or the charter documents, as amended, or bylaws, as
amended, of it or any similar instrument binding on it or any order, writ, injunction or
decree of any court or governmental authority against it or by which it or any of its

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properties is bound or any indenture, mortgage or contract or other agreement or
instrument to which it is a party or by which it or any of its properties is bound, or
constitutes or will constitute a default thereunder or results or will result in the
imposition of any lien upon any of its properties; and

          (vi) there are no pending or, to its knowledge, threatened actions, suits,
investigations or proceedings (whether or not purportedly on behalf of it) against or
affecting it or any of its property before or by any court or administrative agency which,
if adversely determined, (A) would adversely affect the ability of it to perform
its obligations under this Agreement, the Deposit Agreement or any Replacement Deposit
Agreement or (B) would call into question or challenge the validity of this
Agreement or the Deposit Agreement or the enforceability hereof or thereof in accordance
with the terms hereof or thereof, nor is the Escrow Agent in default with respect to any
order of any court, governmental authority, arbitration board or administrative agency so
as to adversely affect its ability to perform its obligations under this Agreement or the
Deposit Agreement.

     SECTION 6. Representations and Warranties of the Paying Agent. The Paying Agent
represents and warrants to American, the Investors, the Escrow Agent and the Pass Through Trustee
as follows:

          (i) it is a national banking association duly organized and validly existing in good
standing under the laws of the United States of America;

          (ii) it has full power, authority and legal right to conduct its business and
operations as currently conducted and to enter into and perform its obligations under this
Agreement;

          (iii) the execution, delivery and performance of this Agreement has been duly
authorized by all necessary corporate action on the part of it and does not require any
stockholder approval, or approval or consent of any trustee or holder of any indebtedness
or obligations of it, and such document has been duly executed and delivered by it and
constitutes its legal, valid and binding obligations enforceable against it in accordance
with the terms hereof except as such enforceability may be limited by bankruptcy,
insolvency, moratorium, reorganization or other similar laws or equitable principles of
general application to or affecting the enforcement of creditors’ rights generally
(regardless of whether such enforceability is considered in a proceeding in equity or at
law);

          (iv) no authorization, consent or approval of or other action by, and no notice to or
filing with, any United States federal or state governmental authority or regulatory body
governing its banking or trust powers is required for the execution, delivery or
performance by it of this Agreement;

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          (v) neither the execution, delivery or performance by it of this Agreement, nor
compliance with the terms and provisions hereof, conflicts or will conflict with or results
or will result in a breach or violation of any of the terms, conditions or provisions of,
or will require any consent or approval under, any law, governmental rule or regulation
applicable to its banking or trust powers or the charter documents, as amended, or bylaws,
as amended, of it or any similar instrument binding on it or any order, writ, injunction or
decree of any court or governmental authority against it or by which it or any of its
properties is bound or any indenture, mortgage or contract or other agreement or instrument
to which it is a party or by which it or any of its properties is bound, or constitutes or
will constitute a default thereunder or results or will result in the imposition of any
lien upon any of its properties; and

          (vi) there are no pending or, to its knowledge, threatened actions, suits,
investigations or proceedings (whether or not purportedly on behalf of it) against or
affecting it or any of its property before or by any court or administrative agency which,
if adversely determined, (A) would adversely affect the ability of it to perform
its obligations under this Agreement or (B) would call into question or challenge
the validity of this Agreement or the enforceability hereof in accordance with the terms
hereof, nor is the Paying Agent in default with respect to any order of any court,
governmental authority, arbitration board or administrative agency so as to adversely
affect its ability to perform its obligations under this Agreement.

     SECTION 7. Indemnification. Except for actions expressly required of the Escrow Agent
or the Paying Agent hereunder, each of the Escrow Agent and the Paying Agent shall in all cases be
fully justified in failing or refusing to act hereunder unless it shall have been indemnified by
the party requesting such action in a manner reasonably satisfactory to it against any and all
liability and expense which may be incurred by it by reason of taking or continuing to take any
such action. In the event American requests any amendment to any Operative Agreement (as defined
in the Note Purchase Agreement), the Pass Through Trustee agrees to pay all reasonable fees and
expenses (including, without limitation, fees and disbursements of counsel) of the Escrow Agent and
the Paying Agent in connection therewith.

     SECTION 8. Amendment, Etc. Upon request of the Pass Through Trustee and approval by
an Action of Investors, the Escrow Agent and Paying Agent shall enter into an amendment to this
Agreement or the Note Purchase Agreement, so long as such amendment does not adversely affect the
rights or obligations of the Escrow Agent or the Paying Agent; provided that (i)
without limiting Sections 4(a)(v) and 5(e) of the Note Purchase Agreement, no such
request or approval will be required for any amendment contemplated by such Sections of the Note
Purchase Agreement, and (ii) upon request of the Pass Through Trustee and without any
consent of the Investors, the Escrow Agent

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(2009-1 Aircraft EETC)

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and Paying Agent shall enter into an amendment to this Agreement or the Note Purchase
Agreement for any of the following purposes:

          (1) to correct or supplement any provision in this Agreement or the Note
Purchase Agreement which may be defective or inconsistent with any other provision
herein or therein or to cure any ambiguity or correct any mistake; or

          (2) to modify any other provision with respect to matters or questions arising
under this Agreement or the Note Purchase Agreement, provided that any such
action shall not materially adversely affect the interests of the Investors; or

          (3) to comply with any requirement of the SEC, applicable law, rules or
regulations of any exchange or quotation system on which the Certificates are
listed or any regulatory body; or

          (4) to evidence and provide for the acceptance of appointment under this
Agreement or the Note Purchase Agreement of a successor Escrow Agent, successor
Paying Agent or successor Pass Through Trustee; or

          (5) for any other purposes set forth in clauses (1) through (15) of
Section 9.01 of the Pass Through Trust Agreement.

     SECTION 9. Notices. Unless otherwise expressly provided herein, any notice or other
communication under this 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). All notices shall be
sent to (a) in the case of the Investors, as their respective addresses shall appear in the
Register, (b) in the case of the Escrow Agent, U.S. Bank National Association, One Federal
Street, 3rd Floor, Mail Code EX-MA-FED, Boston, Massachusetts 02110, Reference: American
Airlines 2009-1 EETC, Attention: Corporate Trust Services (Telecopier: (617) 603-6683),
(c) in the case of the Pass Through Trustee, U.S. Bank Trust National Association, 300
Delaware Avenue, 9th Floor, Mail Code EX-DE-WDAW, Wilmington, Delaware 19801, Reference:
American Airlines 2009-1 EETC, Attention: Corporate Trust Services (Telecopier: (302) 576-3717)
or (d) in the case of the Paying Agent, U.S. Bank Trust National Association, One Federal
Street, 3rd Floor, Mail Code EX-MA-FED, Boston, Massachusetts 02110, Reference: American
Airlines 2009-1 EETC, Attention: Corporate Trust Services (Telecopier: (617) 603-6683), in each
case with a copy to American, American Airlines, Inc., 4333 Amon Carter Boulevard, Mail Drop 5662,
Fort Worth, Texas 76155,

Escrow and Paying Agent Agreement (Class A)

(2009-1 Aircraft EETC)

15

 

Reference: American Airlines 2009-1 EETC, Attention: Treasurer (Telecopier: (817) 967-4318)
(or at such other address as any such party may specify from time to time in a written notice to
the other parties). On or prior to the execution of this Agreement, the Pass Through Trustee has
delivered to the Escrow Agent a certificate containing specimen signatures of the representatives
of the Pass Through Trustee who are authorized to give notices and instructions with respect to
this Agreement. The Escrow Agent may conclusively rely on such certificate until the Escrow Agent
receives written notice from the Pass Through Trustee to the contrary.

     The Escrow Agent shall notify the Receiptholders in the event of a default in the payment of
interest on the Deposits when due in accordance with the Deposit Agreement or a default in the
payment of any Final Withdrawal or any Replacement Withdrawal in accordance with the terms of the
Deposit Agreement and this Agreement and shall promptly forward to Receiptholders upon receipt
copies of all written communications relating to any payments due to the Receiptholders in respect
of the Deposits.

     SECTION 10. Transfer. No party hereto shall be entitled to assign or otherwise
transfer this Agreement (or any interest herein) other than (in the case of the Escrow Agent) to a
successor escrow agent under Section 1.07 hereof or (in the case of the Paying Agent) to a
successor paying agent under Section 2.05 hereof, and any purported assignment in violation
thereof shall be void. This Agreement shall be binding upon the parties hereto and their
respective successors and (in the case of the Escrow Agent and the Paying Agent) their respective
permitted assigns.

     SECTION 11. Entire Agreement. This Agreement sets forth all of the promises,
covenants, agreements, conditions and understandings among the Escrow Agent, the Paying Agent, the
Underwriters and the Pass Through Trustee with respect to the subject matter hereof, and supersedes
all prior and contemporaneous agreements and undertakings, inducements or conditions, express or
implied, oral or written.

     SECTION 12. 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.

     SECTION 13. Submission to Jurisdiction in New York. Each of the parties hereto, to
the extent it may do so under applicable law, 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 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,

Escrow and Paying Agent Agreement (Class A)

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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.

     SECTION 14. Waiver of Jury Trial Right. EACH OF THE ESCROW AGENT, THE PAYING AGENT,
THE INVESTORS AND THE PASS THROUGH TRUSTEE ACKNOWLEDGES AND ACCEPTS THAT, TO THE EXTENT PERMITTED
BY APPLICABLE LAW, IN ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT
SUCH PARTY IRREVOCABLY WAIVES ITS RIGHT TO A TRIAL BY JURY.

     SECTION 15. Counterparts. This Agreement may be executed in one or more counterparts,
all of which taken together shall constitute one instrument.

     SECTION 16. Rights of Holders. Each Receiptholder shall have the right (individually
and without the need for any other action of any Person, including the Escrow Agent or any other
Receiptholder), upon any default in the payment of interest on the Deposits when due by the
Depositary in accordance with the Deposit Agreement, or upon any default in the payment of any
Final Withdrawal or any Replacement Withdrawal when due by the Depositary in accordance with the
terms of the Deposit Agreement and this Agreement, (i) to proceed directly against the
Depositary by making a demand to the Depositary for the portion of such payment that would have
been distributed to such Receiptholder pursuant to this Agreement or by bringing suit to enforce
payment of such portion and (ii) to enforce any other rights that the Escrow Agent may have
in respect of amounts due from the Depositary under the Deposit Agreement and this Agreement that
would have been distributed to such Receiptholder pursuant to this Agreement. Any recovery on such
enforcement action shall belong solely to the Receiptholder who brought such action, and not to the
Escrow Agent or any other Receiptholder individually or to Receiptholders as a group.

[Signature Pages Follow.]

Escrow and Paying Agent Agreement (Class A)

(2009-1 Aircraft EETC)

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     IN WITNESS WHEREOF, the Escrow Agent, the Paying Agent, the Underwriters and the Pass Through
Trustee have caused this Escrow and Paying Agent Agreement (Class A) to be duly executed as of the
day and year first above written.

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION,

as Escrow Agent

 	 
	 	By:  	/s/ Alison D. B. Nadeau  	 
	 	 	Name:  	Alison D. B. Nadeau  	 
	 	 	Title:  	Vice President  	 
	 

Signature Page

Escrow and Paying Agent Agreement (Class A)

(2009-1 Aircraft EETC)

 

 

	 	 	 	 	 	 	 
	 	 	MORGAN STANLEY & CO.	 	 
	 	 	INCORPORATED, GOLDMAN, SACHS	 	 
	 	 	& CO. and CALYON SECURITIES (USA)	 	 
	 	 	INC., as Underwriters	 	 
	 
	 	 	 	 	 	 
	 	 	By: MORGAN STANLEY & CO. INCORPORATED	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	/s/ Thomas F. Cahill, Jr. 	 	 
	 

	 	 	 	 

Name: Thomas Cahill
	 	 
	 

	 	 	 	Title:   Managing Director	 	 

	 	 	 	 	 	 	 
	 	 	By: GOLDMAN, SACHS & CO.	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	/s/ Goldman, Sachs & Co. 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 

	 	 	 	 	 	 	 
	 	 	By: CALYON SECURITIES (USA) INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	/s/ Leo Burrell 	 	 
	 

	 	 	 	 

Name: Leo Burrell
	 	 
	 

	 	 	 	Title:   Managing Director	 	 

Signature Page

Escrow and Paying Agent Agreement (Class A)

(2009-1 Aircraft EETC)

 

 

	 	 	 	 	 	 	 
	 	 	U.S. BANK TRUST NATIONAL	 	 
	 	 	ASSOCIATION, not in its individual	 	 
	 	 	capacity, but solely as Pass Through Trustee	 	 
	 	 	for and on behalf of American Airlines Pass	 	 
	 	 	Through Trust 2009-1A	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	/s/ Alison D. B. Nadeau 	 	 
	 

	 	 	 	 

Name: Alison D. B. Nadeau
	 	 
	 

	 	 	 	Title:   Vice President	 	 

	 	 	 	 	 	 	 
	 	 	U.S. BANK TRUST NATIONAL ASSOCIATION,	 	 
	 	 	 	 	as Paying Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	/s/ Alison D. B. Nadeau 	 	 
	 

	 	 	 	 

Name: Alison D. B. Nadeau
	 	 
	 

	 	 	 	Title:   Vice President	 	 

Signature Page

Escrow and Paying Agent Agreement (Class A)

(2009-1 Aircraft EETC)

 

 

EXHIBIT A to

ESCROW AND PAYING AGENT AGREEMENT

FORM OF ESCROW RECEIPT

AMERICAN AIRLINES 2009-1A ESCROW RECEIPT

No. ___

     This Escrow Receipt evidences a fractional undivided interest in amounts (“Account
Amounts”) from time to time deposited on behalf of the holder hereof into a certain paying
agent account (the “Paying Agent Account”) described in the Escrow and Paying Agent
Agreement (Class A) dated as of July 7, 2009 (as amended, modified or supplemented from time to
time, the “Escrow and Paying Agent Agreement”) among U.S. Bank National Association, as
Escrow Agent (in such capacity, together with its successors in such capacity, the “Escrow
Agent”), Morgan Stanley & Co. Incorporated, Goldman, Sachs & Co. and Calyon Securities (USA)
Inc., as Underwriters, U.S. Bank Trust National Association, as Pass Through Trustee (in such
capacity, together with its successors in such capacity, the “Pass Through Trustee”), and
U.S. Bank Trust National Association, as paying agent (in such capacity, together with its
successors in such capacity, the “Paying Agent”). Capitalized terms not defined herein
shall have the meanings assigned to them in the Escrow and Paying Agent Agreement.

     This Escrow Receipt is issued under and is subject to the terms, provisions and conditions of
the Escrow and Paying Agent Agreement. By virtue of its acceptance hereof the holder of this
Escrow Receipt assents and agrees to be bound by the provisions of the Escrow and Paying Agent
Agreement and this Escrow Receipt.

     This Escrow Receipt represents a fractional undivided interest in amounts deposited from time
to time in the Paying Agent Account, and grants or represents no rights, benefits or interests of
any kind in respect of any assets or property other than such amounts. This Escrow Receipt
evidences the same percentage interest in the Account Amounts as the Fractional Undivided Interest
in the Pass Through Trust evidenced by the Certificate to which this Escrow Receipt is affixed.

     All payments and distributions made to Receiptholders in respect of this Escrow Receipt shall
be made only from Account Amounts deposited in the Paying Agent Account. The holder of this Escrow
Receipt, by its acceptance of this Escrow Receipt, agrees that it will look solely to the Account
Amounts for any payment or distribution due to it pursuant to this Escrow Receipt (or, in case the
Depositary shall default in its obligation to make a payment under the Deposit Agreement that would
be an Account Amount, to the Depositary) and that it will not have any recourse to American, the
Pass Through Trustee, the Paying Agent or the Escrow Agent, except as expressly provided herein or
in the Pass Through Trust Agreement. No Receiptholder of this Escrow

Escrow and Paying Agent Agreement (Class A)

(2009-1 Aircraft EETC)

 

 

Receipt shall have any right to vote or in any manner otherwise control the operation and
management of the Paying Agent Account, nor shall anything set forth herein, or contained in the
terms of this Escrow Receipt, be construed so as to constitute the Receiptholders from time to time
as partners or members of an association.

     This Escrow Receipt may not be assigned or transferred except in connection with the
assignment or transfer of the Certificate to which this Escrow Receipt is affixed.

     The Paying Agent may treat the person in whose name this Escrow Receipt is registered pursuant
to Section 1.03 of the Escrow and Paying Agent Agreement as the owner hereof for all
purposes, and the Paying Agent shall not be affected by any notice to the contrary.

     THIS ESCROW RECEIPT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE
OF NEW YORK.

Escrow and Paying Agent Agreement (Class A)

(2009-1 Aircraft EETC)

A-2

 

     IN WITNESS WHEREOF, the Escrow Agent has caused this Escrow Receipt to be duly executed.

Dated:                      ___, 20___

	 	 	 	 	 	 	 
	 	 	U.S. Bank National Association,	 	 
	 	 	 	 	 as Escrow Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 

Escrow and Paying Agent Agreement (Class A)

(2009-1 Aircraft EETC)

A-3

 

EXHIBIT B to

ESCROW AND PAYING AGENT AGREEMENT

FORM OF WITHDRAWAL CERTIFICATE

WITHDRAWAL CERTIFICATE

(Class A)

U.S. Bank National Association

as Escrow Agent

One Federal Street, 3rd Floor

Boston, Massachusetts 02110

Attention: Corporate Trust Services

Reference: American Airlines 2009-1 EETC

Telephone: (617) 603-6553

Telecopier: (617) 603-6683

Ladies and Gentlemen:

     Reference is made to the Escrow and Paying Agent Agreement (Class A), dated as of July 7, 2009
(the “Agreement”). [We hereby certify to you that the conditions to the obligations of the
undersigned to execute a Participation Agreement pursuant to the Note Purchase Agreement have been
satisfied] [We hereby notify you that the Depositary is being replaced in accordance with
Section 5(d) of the Note Purchase Agreement] Pursuant to Section [1.02(c)]
[1.02(d)] of the Agreement, please execute the attached [Notice of Purchase
Withdrawal][Notice of Replacement Withdrawal] and immediately transmit by facsimile to the
Depositary, at The Bank of New York Mellon, as Depositary, 101 Barclay Street, Floor 8W, New York,
New York 10286, attention: Corporate Finance, Mary Miselis, Vice President, Reference: American
Airlines 2009-1 EETC, telephone: (212) 815-4812, facsimile: (212) 815-5704.

     Capitalized terms used herein but not defined herein shall have the meanings set forth in the
Agreement.

Escrow and Paying Agent Agreement (Class A)

(2009-1 Aircraft EETC)

 

 

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	U.S. BANK TRUST NATIONAL	 	 
	 	 	ASSOCIATION, not in its individual	 	 
	 	 	capacity but solely as Pass Through Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 

Dated: [                    ], 20___

Escrow and Paying Agent Agreement (Class A)

(2009-1 Aircraft EETC)

B-2exv4w7

EXHIBIT 4.7

 

 

NOTE PURCHASE AGREEMENT

Dated as of July 7, 2009

among

AMERICAN AIRLINES, INC.,

U.S. BANK TRUST NATIONAL ASSOCIATION,

as Class A Pass Through Trustee

U.S. BANK TRUST NATIONAL ASSOCIATION,

as Subordination Agent

U.S. BANK NATIONAL ASSOCIATION,

as Escrow Agent

and

U.S. BANK TRUST NATIONAL ASSOCIATION,

as Paying Agent

 

 

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Table of Contents

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	 	 	 	 	 
	Section 1.

	 	Financing of Prefunded Aircraft
	 	 	3	 
	 
	 	 	 	 	 	 
	Section 2.

	 	Conditions Precedent
	 	 	7	 
	 
	 	 	 	 	 	 
	Section 3.

	 	Representations and Warranties
	 	 	7	 
	 
	 	 	 	 	 	 
	Section 4.

	 	Covenants
	 	 	11	 
	 
	 	 	 	 	 	 
	Section 5.

	 	Depositary Downgrade and Replacement of Depositary
	 	 	14	 
	 
	 	 	 	 	 	 
	Section 6.

	 	Notices
	 	 	16	 
	 
	 	 	 	 	 	 
	Section 7.

	 	[Intentionally Omitted.]
	 	 	16	 
	 
	 	 	 	 	 	 
	Section 8.

	 	Further Assurances
	 	 	16	 
	 
	 	 	 	 	 	 
	Section 9.

	 	Miscellaneous
	 	 	16	 
	 
	 	 	 	 	 	 
	Section 10.

	 	Governing Law
	 	 	17	 

	 	 	 
	Schedule I

	 	Eligible Aircraft and Scheduled Delivery Months
	Schedule II

	 	Trust Supplements
	Schedule III

	 	Required Terms
	 
	 	 
	Annex A

	 	Definitions
	 
	 	 
	Exhibit A

	 	Form of Funding Notice
	Exhibit B

	 	Form of Participation Agreement
	Exhibit C

	 	Form of Indenture and Security Agreement

 

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NOTE PURCHASE AGREEMENT

          This NOTE PURCHASE AGREEMENT, dated as of July 7, 2009, is made by and among (i)
AMERICAN AIRLINES, INC., a Delaware corporation (together with its successors and permitted
assigns, the “Company”), (ii) U.S. BANK TRUST NATIONAL ASSOCIATION (“U.S.
Bank”), a national banking association, 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 Class A Pass Through Trust
Agreement (as defined below), the “Class A Pass Through Trustee”) under the Class A Pass
Through Trust Agreement, (iii) U.S. BANK TRUST NATIONAL ASSOCIATION, a national banking
association, 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), (iv) U.S. BANK NATIONAL ASSOCIATION, a national banking association, as Escrow
Agent (in such capacity together with its successors in such capacity, the “Escrow Agent”),
under the Escrow and Paying Agent Agreement (as defined below), and (v) U.S. BANK TRUST
NATIONAL ASSOCIATION, a national banking association, as Paying Agent (in such capacity together
with its successors in such capacity, the “Paying Agent”) under the Escrow and Paying Agent
Agreement.

WITNESSETH:

          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 four Boeing 777-223ER aircraft (each, an “Owned
Aircraft”, and collectively, the “Owned Aircraft”) described in Schedule I hereto, and,
concurrently with the execution and delivery of this Agreement, the Company, U.S. Bank, the Class A
Pass Through Trustee, the Subordination Agent and the applicable Loan Trustee are entering into a
Participation Agreement and an Indenture with respect to each such Owned Aircraft;

          WHEREAS, the Company has obtained commitments from the Manufacturer pursuant to the Aircraft
Purchase Agreement for the delivery scheduled on or prior to October 31, 2010 of 59 new Boeing
737-823 aircraft listed in Schedule I hereto (together with any aircraft substituted therefor in
accordance with the Aircraft Purchase Agreement prior to the delivery thereof, each, an
“Eligible Aircraft” and, collectively, the “Eligible Aircraft”), and the Company
wishes to finance pursuant to this Note Purchase Agreement a portion of the purchase price of 16
aircraft included in the Eligible Aircraft as such 16 aircraft may be selected by the Company in
its sole discretion (such 16 aircraft selected by the Company to be financed hereunder, each, a
“New Aircraft” and, collectively, the “New Aircraft”);

          WHEREAS, pursuant to the Basic Pass Through Trust Agreement and the Trust Supplement set forth
in Schedule II hereto, and concurrently with the execution and delivery of this Note Purchase
Agreement, one grantor trust (the “Class A Pass Through Trust”; and the Basic Pass Through
Trust Agreement, together with such Trust Supplement, as amended, supplemented or otherwise
modified from time to time in accordance with their terms, the “Class 

 

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A Pass Through Trust Agreement”) has been created to facilitate the transactions
contemplated by the Participation Agreements relating to the Owned Aircraft and 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 “Class A Certificates”)
to provide financing, among other things, for the purchase by the Class A Pass Through Trust of the
Series A Equipment Notes to be issued in respect of, and secured by a security interest in, the
Aircraft;

          WHEREAS, the Company has entered into the Underwriting Agreement, dated as of June 29, 2009
(as amended, supplemented or otherwise modified from time to time in accordance with its terms, the
“Underwriting Agreement”) with the Underwriters named therein (the “Underwriters”)
which provides that the Company will cause the Class A Pass Through Trustee to issue and sell the
Class A Certificates to the Underwriters on the Issuance Date;

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

          WHEREAS, concurrently with the execution and delivery of this Note Purchase Agreement,
(i) the Escrow Agent and the Depositary have entered into a Deposit Agreement (Class A),
dated as of the Issuance Date, relating to the Class A Pass Through Trust (as amended, supplemented
or otherwise modified from time to time in accordance with its terms, the “Deposit
Agreement”) whereby the Escrow Agent agreed to direct the Underwriters to make certain deposits
referred to therein on the Issuance Date (the “Initial Deposits”) and to permit the Class A
Pass Through Trustee to make additional deposits from time to time thereafter (the Initial Deposits
together with such additional deposits are collectively referred to as the “Deposits”), and
(ii) the Underwriters, the Class A Pass Through Trustee, the Paying Agent and the Escrow
Agent have entered into an Escrow and Paying Agent Agreement (Class A), dated as of the Issuance
Date, relating to the Class A Pass Through Trust (as amended, supplemented or otherwise modified
from time to time in accordance with its terms, the “Escrow and Paying Agent Agreement”),
whereby, among other things, (a) the Underwriters agreed to deliver an amount equal to the
amount of the Initial Deposits to the Depositary on behalf of the Escrow Agent and (b) the
Escrow Agent, upon the Depositary receiving such Initial Deposits, agreed to deliver escrow
receipts to be affixed to each Class A Certificate;

          WHEREAS, subject to the terms and conditions of this Note Purchase Agreement, each Pass
Through Trustee then in existence and each of the Subordination Agent, U.S. Bank and the Company
will enter into the applicable Financing Agreements to which it is intended to be a party relating
to each Prefunded Aircraft;

          WHEREAS, upon the financing of each Prefunded Aircraft, the Class A Pass Through Trustee will
fund its purchase of the Series A Equipment Notes in respect of such

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Prefunded Aircraft with the
proceeds of a Deposit withdrawn by the Escrow Agent under the Deposit Agreement; and

          WHEREAS, concurrently with the execution and delivery of this Note Purchase Agreement,
(i) the Class A Liquidity Provider has entered into the Class A Liquidity Facility, for the
benefit of the holders of the Class A Certificates, with the Subordination Agent, as agent for the
Class A Pass Through Trustee on behalf of the Class A Pass Through Trust and (ii) the Class
A Pass Through Trustee, the Class A Liquidity Provider 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 Prefunded Aircraft.

     (a) Agreement to Finance. The Company confirms that it has entered into the
Aircraft Purchase Agreement with the Manufacturer pursuant to which the Company has agreed
to purchase, and the Manufacturer has agreed to deliver, the Eligible Aircraft in the months
specified in Schedule I hereto, all on and subject to terms and conditions specified in the
Aircraft Purchase Agreement. The Company agrees to finance the Prefunded Aircraft in the
manner provided herein, all on and subject to the terms and conditions hereof and of the
applicable Financing Agreements.

     (b) Funding Notice. In furtherance of the foregoing, and in respect of each
Prefunded Aircraft, the Company agrees to give the parties hereto, the Depositary and each
of the Rating Agencies not less than two Business Days’ prior notice (or, in the case of a
substitute Funding Notice under Section 1(f) or a Funding Notice in respect of a
Substitute Aircraft under Section 1(h), one Business Day’s prior notice),
substantially in the form of Exhibit A hereto (each, a “Funding Notice”), of the
date (which date shall not be earlier than the eighth day after the date of establishment of
the relevant Deposit unless the seven-day requirement set forth in the first sentence of
Section 2.3(a) of the Deposit Agreement has been waived by the Depositary pursuant
to the last sentence of Section 2.3(a) of the Deposit Agreement and not reinstated
pursuant to the last sentence of Section 2.3(a) of the Deposit Agreement) scheduled
for the financing as contemplated hereby in respect of such Prefunded Aircraft (the
“Funding Date”), which notice shall:

     (i) specify the Funding Date of such Prefunded Aircraft (which shall be a
Business Day on or prior to the Cut-Off Date);

     (ii) instruct the Pass Through Trustee of each Pass Through Trust then in
existence to enter into the Participation Agreement included in the Financing
Agreements with respect to such Prefunded Aircraft in such form and at such a time on
or before the Funding Date as specified in such Funding Notice and to perform its
obligations thereunder;

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     (iii) instruct the Class A Pass Through Trustee to deliver to the Escrow Agent
the “Withdrawal Certificate” and the related “Applicable Notice of Purchase
Withdrawal” contemplated by Section 1.02(c) of the Escrow and Paying Agent
Agreement with respect to the Equipment Notes to be issued to the Class A Pass
Through Trustee in connection with the financing of such Prefunded Aircraft; and

     (iv) specify the aggregate principal amount of each series of Equipment Notes
to be issued, and purchased by each such Pass Through Trustee, in connection with the
financing of such Prefunded Aircraft scheduled to be consummated on such Funding Date
(which aggregate principal amount shall be as specified in, or as adjusted in
accordance with, as the case may be, the Required Terms).

     (c) [Reserved.]

     (d) Entering into Financing Agreements. Upon receipt of a Funding Notice, the
Pass Through Trustee of each Pass Through Trust then in existence shall, and shall cause the
Subordination Agent to, enter into and perform their obligations under each applicable
Participation Agreement and follow the other instructions specified in such Funding Notice;
provided that, with respect to each Prefunded Aircraft to be financed:

     (i) subject to clauses (ii)-(iv) immediately below, the applicable
Participation Agreement and the applicable Indenture, as executed and delivered,
shall be substantially in the respective forms thereof annexed hereto;

     (ii) subject to clauses (iii) and (iv) immediately below, if (x) the
Company shall have obtained from each Rating Agency a Rating Agency Confirmation with
respect to each Class of Certificates then rated by such Rating Agency in connection
with any material modifications of the applicable Financing Agreements from the forms
of Financing Agreements annexed hereto (including the form of Equipment Note included
in the form Indenture annexed hereto) and delivered such Rating Agency Confirmation
to the Pass Through Trustee of each Pass Through Trust then in existence on or before
the applicable Funding Date or (y) such Rating Agency Confirmation shall have
been obtained with respect to material modifications of the Financing Agreements
relating to another or any Prefunded Aircraft or with respect to material
modifications of the forms of Financing Agreements annexed hereto and the applicable
Financing Agreements incorporate such material modifications without additional
material modifications, the applicable Financing Agreements, as executed and
delivered, may incorporate such material modifications, if any;

     (iii) the applicable Financing Agreements, as executed and delivered, shall
comply with the Required Terms; and

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     (iv) the Company is not required to obtain or deliver a Rating Agency
Confirmation or a certification pursuant to Section 2(b)(ii) of this Note
Purchase Agreement in connection with any modifications to the applicable Financing
Agreements that are expressly permitted by the Required Terms (including, without
limitation, certain modifications of the aggregate principal amounts of the Series A
Equipment Notes to be issued in respect of such Prefunded Aircraft
described under the heading “Equipment Notes” and the sub-heading “Maximum
Principal Amount” in Schedule III hereto) or by Section 5(e) of this Note
Purchase Agreement.

          Notwithstanding the foregoing, (x) the Financing Agreements with respect to any
Aircraft and the forms of Financing Agreements annexed hereto may be modified to the extent
required for the issuance or successive redemption and issuance of the Series B Equipment Notes
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, and
(y) the Company is not required to deliver a certification pursuant to Section
2(b)(ii) of this Note Purchase Agreement in connection with any modifications of the Financing
Agreements contemplated by this sentence. With respect to each Prefunded Aircraft, the Company
shall cause U.S. Bank (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 Prefunded 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 Prefunded 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
the 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 a Prefunded Aircraft shall have been
subjected shall initially be registered in the name of the Subordination Agent on behalf of
the applicable Pass Through Trustee.

     (f) Postponement of Delivery and Funding. If, on the Funding Date for any
Prefunded Aircraft, the financing of such Prefunded Aircraft as contemplated hereunder shall
not be consummated for whatever reason, the Company shall give the parties hereto and the
Depositary prompt notice thereof. Promptly after the Company has identified (x) a
new Funding Date on which such Prefunded Aircraft may be subjected to the financing as
provided herein or (y) another Eligible Aircraft (or a Substitute Aircraft) that may
be subjected to the financing as provided herein in lieu of such Prefunded Aircraft and the
Funding Date for such other Eligible Aircraft (or such Substitute Aircraft) (all on and

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subject to the terms and conditions hereof and of the applicable Financing Agreements), the
Company shall give the parties hereto and the Depositary a substitute Funding Notice
specifying such new Funding Date for such Prefunded Aircraft or the Funding Date for such
other Eligible Aircraft (or such Substitute Aircraft). Upon receipt of any such substitute
Funding Notice, the Pass Through Trustee of each Pass Through Trust then in existence shall
comply with its obligations under Section 7.01 of the applicable Trust Supplement
and thereafter the financing of such Prefunded Aircraft, as specified in such
substitute Funding Notice, shall take place on the re-scheduled Funding Date therefor
(all on and subject to the terms and conditions hereof and of the applicable Financing
Agreements) unless further postponed as provided herein.

     (g) Delivery of New Aircraft from Manufacturer. Anything in this Section
1 or elsewhere to the contrary notwithstanding, the Company shall have the right to
accept delivery of any Prefunded Aircraft from the Manufacturer under the Aircraft Purchase
Agreement prior to the Funding Date for such Prefunded Aircraft by utilization of bridge
financing of such Prefunded Aircraft or using the Company’s own funds or otherwise and to
specify a Funding Date for such Prefunded Aircraft that, in the case of any Prefunded
Aircraft that is not a Substitute Aircraft, shall be no later than 90 days after the
delivery of such Prefunded Aircraft to the Company by the Manufacturer under the Aircraft
Purchase Agreement and, in each case, shall be no later than the Cut-Off Date and otherwise
complying with the provisions of Section 1(b) hereof.

     (h) Substitute Aircraft. If the Funding Date for any Eligible Aircraft is
delayed (a) more than 30 days beyond the last day of the month set forth opposite
such Eligible Aircraft under the heading “Scheduled Delivery Month” in Schedule I hereto or
(b) beyond October 31, 2010, the Company may substitute therefor an aircraft not
included in the Eligible Aircraft, but meeting the following conditions (each, a
“Substitute Aircraft” and, collectively, the “Substitute Aircraft”):
(i) a Substitute Aircraft must be of the same model as the Eligible Aircraft being
replaced and (ii) the Company shall obtain a Rating Agency Confirmation with respect
to each Class of Certificates then rated by the Rating Agencies in connection with the
replacement of any Eligible Aircraft by a Substitute Aircraft. Upon the satisfaction of the
conditions set forth above with respect to a Substitute Aircraft, the Eligible Aircraft it
replaced shall cease to be subject to this Note Purchase Agreement and all rights and
obligations of the parties hereto concerning such Eligible Aircraft shall cease, and such
Substitute Aircraft shall become, and thereafter be, subject to the terms and conditions of
this Note Purchase Agreement to the same extent as such Eligible Aircraft.

     (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 Prefunded Aircraft.

     (j) Withdrawals Limited to Available Deposits. Anything herein to the contrary
notwithstanding, the Company shall not have the right, and shall not be entitled, at any
time to request the issuance of Series A Equipment Notes in respect of the

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Prefunded
Aircraft to the Class A Pass Through Trustee in an aggregate principal amount in excess of
the amount of the Deposits then available for withdrawal by the Escrow Agent under and in
accordance with the provisions of the Deposit Agreement.

     (k) [Intentionally Omitted.]

     (l) Notice of New Outside Termination Date. If any Labor Strike (as defined
below) shall have occurred, the Company may, at any time and from time to time, give notice
to each Pass Through Trustee then in existence and the Subordination Agent and
instruct the Class A Pass Through Trustee, and the Class A Pass Through Trustee agrees,
to notify the Escrow Agent that the “Outside Termination Date” shall be extended beyond
January 31, 2011 by adding thereto the Additional Days (as defined below) with respect to
such Labor Strike and to specify the new “Outside Termination Date” as so extended;
provided that in no event shall the new “Outside Termination Date” be later than the
second anniversary of the Issuance Date. The term “Labor Strike” shall mean any
labor strike that occurs or continues at The Boeing Company after the Issuance Date and
prior to the second anniversary of the Issuance Date. The term “Additional Days”,
with respect to each Labor Strike, shall mean the number of days that such Labor Strike
continued in effect after the Issuance Date.

          SECTION 2. Conditions Precedent. The obligation of each of the Pass Through Trustees
then in existence to enter into, and to cause the Subordination Agent to enter into, a
Participation Agreement relating to any Prefunded Aircraft as directed pursuant to a Funding Notice
and to perform its obligations thereunder is subject to satisfaction of the following conditions:

     (a) no Triggering Event shall have occurred;

     (b) subject to Section 1(d)(iv) and the last paragraph of Section 1(d),
the Company shall have delivered a certificate to each of the Class A Pass Through Trustee
and the Class A Liquidity Provider stating that (i) such Participation Agreement and
the other Financing Agreements to be entered into pursuant to such Participation Agreement
comply with the Required Terms and (ii) if any substantive modifications of such
Financing Agreements from the forms of Financing Agreements attached to this Note Purchase
Agreement have been made, such substantive modifications do not materially and adversely
affect the holders of the Class A Certificates or the Class A Liquidity Provider, and such
certification shall be true and correct.

Anything herein to the contrary notwithstanding, the obligation of each Pass Through Trustee then
in existence to purchase Equipment Notes hereunder shall terminate on the Cut-Off Date.

          SECTION 3. Representations and Warranties.

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

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     (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) 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 U.S. Bank. U.S. Bank represents and
warrants that:

     (i) Due Incorporation; Good Standing; Corporate Power; Etc. U.S. Bank
is a national banking association duly organized and validly existing in good
standing under the laws of the United States 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 banking, 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 U.S. Bank, in its capacity as Subordination Agent,
Class A Pass Through Trustee or Paying Agent, 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
U.S. Bank, in its capacity as Subordination Agent, Class A Pass Through Trustee or
Paying Agent, as the case may be, of this Note Purchase Agreement and the performance
by U.S. Bank, in its capacity as Subordination Agent, Class A Pass Through Trustee or
Paying Agent, as the

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case may be, of its obligations under this Note Purchase
Agreement have been duly authorized by U.S. Bank, in its capacity as Subordination
Agent, Class A Pass Through Trustee or Paying Agent, 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 U.S. Bank, in its capacity as Subordination
Agent, Class A Pass Through Trustee or Paying Agent, 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 Class A Pass Through Trustee. The
Class A 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 national banking association duly organized and validly
existing in good standing under the laws 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 banking,
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 agency regulating the
Subordination Agent’s banking, trust or fiduciary powers or any judgment or order
applicable to or binding on the Subordination Agent or

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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 banking, 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 the Class A Liquidity Facility), 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 the
Class A Liquidity Facility); 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) Representations and Warranties of the Escrow Agent. The Escrow Agent
represents and warrants that:

     (i) Due Incorporation; Good Standing; Corporate Power; Etc. The
Escrow Agent is a national banking association duly incorporated, validly existing
and in good standing under the laws 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 banking, trust and
fiduciary powers to execute and deliver this Note Purchase Agreement, the Deposit

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Agreement and the Escrow and Paying Agent Agreement (collectively, the “Escrow
Agent Agreements”) and to carry out the obligations of the Escrow Agent under
each of the Escrow Agent Agreements;

     (ii) Due Authorization; No Conflicts. The execution and delivery by
the Escrow Agent of each of the Escrow Agent Agreements and the performance by the
Escrow Agent of its obligations hereunder and thereunder have been duly authorized by
the Escrow Agent 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. Each of the Escrow Agent Agreements constitutes
the legal, valid and binding obligations of the Escrow 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.

     (f) Representations and Warranties of the Paying Agent. The Paying Agent
represents and warrants that:

     (i) Due Incorporation; Good Standing; Corporate Power; Etc. The
Paying Agent is a national banking association duly organized and validly existing in
good standing under the laws 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 in
which it is located and pertaining to its banking, trust and fiduciary powers to
execute and deliver this Note Purchase Agreement and the Escrow and Paying Agent
Agreement (collectively, the “Paying Agent Agreements”) and to carry out the
obligations of the Paying Agent under each of the Paying Agent Agreements;

     (ii) Due Authorization; No Conflicts. The execution and delivery by
the Paying Agent of each of the Paying Agent Agreements and the performance by the
Paying Agent of its obligations hereunder and thereunder have been duly authorized by
the Paying Agent 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. Each of the Paying Agent Agreements constitutes
the legal, valid and binding obligations of the Paying 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.

          SECTION 4. Covenants.

11

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2009-1 Aircraft EETC

 

     (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,
the Subordination Agent, the Escrow Agent and the Paying 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) Notice of Occurrence of Cut-Off Date. The Company agrees to
provide written notice to each of the parties hereto of the occurrence of the Cut-Off
Date no later than one Business Day after the date thereof.

     (v) Issuance and Refinancing of Series B Equipment Notes. The Company
shall not (A) issue any Series B Equipment Notes, or (B) if any
Series B Equipment Notes shall have been issued, redeem such Series B Equipment Notes
and issue new Series B Equipment Notes, in each case, under any Indenture, unless
Series B Equipment Notes shall be issued under all (and not less than all) of the
Indentures and the Company shall have obtained a Rating Agency Confirmation with
respect to the Class A Certificates in connection with such issuance or such
redemption and issuance, as applicable; and any such 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 Series B
Equipment Notes are to be so issued, the Class B Pass Through Trustee shall execute
and deliver an instrument by which the Class B Pass Through Trustee becomes a party
hereto, and

12

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each of the parties hereto agrees, at the Company’s request, to enter
into any amendments to 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 or redemption and issuance of any such Series B Equipment Notes and the
issuance of pass through certificates by any pass through trust that acquires any
such Series B Equipment Notes 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 Series B 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 “Class B Liquidity
Facility” and the provider of any such credit support as a “Liquidity Provider” and
the “Class B Liquidity Provider” and, if the Class B 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.

     (b) Covenants by U.S. Bank.

     (i) Status as Citizen of the United States. U.S. Bank, 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 U.S. Bank giving any such notice,
U.S. Bank shall, subject to Section 8.01 of any Indenture then entered into,
resign as Loan Trustee in respect of such Indenture.

13

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2009-1 Aircraft EETC

 

     (ii) Situs of Activity. Except with the consent of the Company, which
shall not be unreasonably withheld: (A) U.S. Bank will act as Pass Through
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; and (B) U.S. Bank will act
as Subordination Agent solely through its offices within the Commonwealth of
Massachusetts, except for such services as may be performed by it by independent
agents acting 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 Class A Pass Through Trustee. On or prior to the
date this Note Purchase Agreement is executed, the Class A Pass Through Trustee shall
have provided a completed and executed copy of IRS Form W-9 of the Class A Pass
Through Trust to each of the Company, the Subordination Agent, the Class A Liquidity
Provider, the Escrow Agent, the Paying Agent and the Depositary.

     (ii) Tax Forms of the Class B Pass Through Trustee. If any Series B
Equipment Notes shall be issued under any Indenture, on or prior to the date such
Series B Equipment Notes shall have been so issued, the Class B Pass Through Trustee
shall have provided a completed and executed copy of IRS Form W-9 of the Class B Pass
Through Trust to each of the Company and the Subordination Agent and, if a Class B
Liquidity Facility shall have been provided, to the Class B Liquidity Provider.

          SECTION 5. Depositary Downgrade and Replacement of Depositary.

     (a) Depositary Downgrade and Option to Replace. If (1) the
Depositary’s Short-Term Rating issued by a Rating Agency is downgraded below P-1 by Moody’s
or A-1+ by Standard & Poor’s, as applicable (each such minimum rating, a “Depositary
Threshold Rating”), or (2) the Company, in its sole discretion, gives written
notice to the Depositary of the Company’s election that the Depositary be replaced, the
Company shall, within 30 days after such event occurring, cause the Depositary to be
replaced with a depositary bank meeting the terms and on the conditions set forth in
Section 5(c) (a “Replacement Depositary”).

     (b) [Intentionally omitted.]

     (c) Terms and Preconditions for Replacement of Depositary.

     (i) Minimum Credit Ratings; Confirmation from Ratings Agency. Any
Replacement Depositary may either be (x) one that meets the Depositary
Threshold Ratings or (y) one that does not meet the Depositary Threshold
Ratings, so long as,

14

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2009-1 Aircraft EETC

 

in the case of either of the immediately preceding clauses (x)
and (y), the Company shall have obtained a Rating Agency Confirmation with respect to
the Class A Certificates in connection with the replacement of the Depositary with
such Replacement Depositary.

     (ii) Certain Fees and Expenses. The Company shall pay all fees,
expenses and other amounts then owing to the replaced Depositary. The Company shall
also pay (x) any up-front fee of the Replacement Depositary and (y)
all out-of-pocket expenses (including reasonable fees and expenses of legal counsel)
of the parties hereto (including, without limitation, all amounts payable to the
Rating Agencies) incurred in connection with such replacement.

     (iii) Replacement Deposit Agreement; Opinions and Other Closing
Requirements. The Company shall cause the Replacement Depositary to enter into a
Replacement Deposit Agreement for the Class A Certificates with the Escrow Agent (and
the Escrow Agent agrees to enter into any such Replacement Deposit Agreement upon
request of the Company) and shall cause the Replacement Depositary to deliver to the
Company and each Rating Agency legal opinions and other closing documentation
substantially similar in scope and substance as those that were delivered by the
Depositary being replaced in connection with the execution and delivery of the
Deposit Agreement being replaced.

     (d) Withdrawal Certificate and Notice of Replacement Withdrawal. Upon
satisfaction of the conditions set forth in Section 5(c), the Company shall instruct
the Class A Pass Through Trustee, and the Class A Pass Through Trustee agrees, to execute
and deliver to the Escrow Agent a duly completed Withdrawal Certificate (as defined in the
Escrow and Paying Agent Agreement) together with a Notice of Replacement Withdrawal (as
defined in the Escrow and Paying Agent Agreement).

     (e) Amendments to Documents. Each of the parties hereto agrees, at the
Company’s request, to enter into any amendments to this Note Purchase Agreement, the Escrow
and Paying Agent Agreement and any other Operative Agreements as may be necessary or
desirable to give effect to the replacement of the Depositary with the Replacement
Depositary and the replacement of the Deposit Agreement with the Replacement Deposit
Agreement.

     (f) Effect of Replacement. Until the execution and delivery of the Replacement
Deposit Agreement, the Deposit Agreement with the Depositary being replaced shall remain in
full force and effect. Upon the execution and delivery of the Replacement Deposit
Agreement, the Replacement Depositary shall be deemed to be the Depositary with all of the
rights and obligations of the Depositary hereunder and under the other Operative Agreements
and the Replacement Deposit Agreement shall be deemed to be the Deposit Agreement hereunder
and under the other Operative Agreements.

15

Note Purchase Agreement

2009-1 Aircraft EETC

 

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

          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,
the Escrow Agent, the Paying Agent and each Pass Through Trustee, and the Company’s,
Subordination Agent’s, the Escrow Agent’s, the Paying 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,

16

Note Purchase Agreement

2009-1 Aircraft EETC

 

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, the Escrow Agent and its successors as Escrow Agent under the Escrow and Paying
Agent Agreement, the Paying Agent and its successors as Paying Agent under the Escrow and
Paying Agent Agreement 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 and the
Depositary as a beneficiary of Section 5(c)(ii) hereof) with any rights of any
nature whatsoever against any of the parties hereto, and no Person not a party hereto (other
than the Underwriters and the Depositary as a beneficiary of Section 5(c)(ii)
hereof) shall have any right, power or privilege in respect of, or have any benefit or
interest arising out of, this Note Purchase Agreement. To the extent that this Note
Purchase Agreement expressly confers upon, gives or grants any right, power, privilege,
benefit, interest, remedy or claim to the Depositary with respect to Section
5(c)(ii) hereof, the Depositary is hereby recognized as a third party beneficiary
hereunder and may enforce any such right, power, privilege, benefit, interest, remedy or
claim.

          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.

[Signature Pages Follow.]

17

Note Purchase Agreement

2009-1 Aircraft EETC

 

          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/ Peter M. Warlick
 	 
	 	 	Name:  	Peter M. Warlick 	 
	 	 	Title:  	Managing Director

Corporate Finance & Banking	 
	 	 	Address:  	4333 Amon Carter Boulevard

Mail Drop 5662

Fort Worth, Texas 76155

Ref.: American Airlines 2009-1 EETC

Attention:  Treasurer

Telephone: (817) 963-1234

Facsimile: (817) 967-4318 	 
	 

Signature Page

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

	 	 	 	 	 
	 	U.S. BANK TRUST NATIONAL ASSOCIATION,

not in its individual capacity, except as otherwise

provided herein, but solely as Class A Pass Through

Trustee

 	 
	 	By:  	/s/ Alison D. B. Nadeau
 	 
	 	 	Name:  	Alison D. B. Nadeau 	 
	 	 	Title:  	Vice President	 
	 	 	Address:  	300 Delaware Avenue, 9th
Floor
Mail Code EX-DE-WDAW
Wilmington, Delaware
19801
Attention:  Corporate Trust Services

Ref.: American Airlines 2009-1 EETC

Telephone:  (302) 576-3703
Facsimile:  (302)
576-3717 	 
	 
	 	U.S. BANK TRUST NATIONAL ASSOCIATION,

not in its individual capacity, except as otherwise

provided herein, but solely as Subordination Agent

 	 
	 	By:  	/s/ Alison D. B. Nadeau
 	 
	 	 	Name:  	Alison D. B. Nadeau 	 
	 	 	Title:  	Vice President	 
	 	 	Address:  	One Federal Street, 3rd Floor

Mail Code EX-MA-FED
Boston, Massachusetts 02110

Attention:  Corporate Trust Services
Ref.:
American Airlines 2009-1 EETC

Telephone:  (617) 603-6553
Facsimile:  (617)
603-6683 	 
	 

Signature Page

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION, not in
its individual capacity, except as otherwise provided
herein,
but solely as Escrow Agent

 	 
	 	By:  	/s/ Alison D. B. Nadeau
 	 
	 	 	Name:  	Alison D. B. Nadeau 	 
	 	 	Title:  	Vice President
	 
	 	 	Address:  	One Federal Street, 3rd Floor

Boston, Massachusetts 02110
Attention:  Corporate
Trust Services
Ref.: American Airlines 2009-1
EETC

Telephone:  (617) 603-6553
Facsimile:  (617)
603-6683 	 
	 
	 	U.S. BANK TRUST NATIONAL ASSOCIATION,
not in its individual capacity, except as otherwise
provided herein, but solely as Paying Agent

 	 
	 	By:  	/s/ Alison D. B. Nadeau
 	 
	 	 	Name:  	Alison D. B. Nadeau 	 
	 	 	Title:  	Vice President	 
	 	 	Address:  	One Federal Street, 3rd
Floor
Mail Code EX-MA-FED
Boston, Massachusetts
02110
Attention:  Corporate Trust Services
Ref.:
American Airlines 2009-1 EETC

Telephone:  (617) 603-6553
Facsimile:  (617)
603-6683 	 
	 

Signature Page

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

SCHEDULE I to

NOTE PURCHASE AGREEMENT

AIRCRAFT

Part One — Owned Aircraft

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	U.S.	 	 	 	Airframe Model	 	 	 	 	 	 	 	Engine Model	 	 
	 	 	 	 	Registration	 	Airframe	 	(including generic	 	Airframe	 	 	 	(including generic manufacturer and	 	Engine
	No.	 	No.	 	Manufacturer	 	manufacturer and model)	 	MSN	 	Engine Manufacturer	 	model)	 	MSNs
	 	1.	 	 	N780AN
	 	Boeing
	 	777-223ER

(BOEING 777-200)
	 	 	29956	 	 	Rolls Royce
	 	RB211-TRENT-892

(ROLLS ROYCE TRENT800)

	 	51165

51183
	 	2.	 	 	N795AN
	 	Boeing
	 	777-223ER

(BOEING 777-200)
	 	 	30257	 	 	Rolls Royce
	 	RB211-TRENT-892

(ROLLS ROYCE TRENT800)

	 	51270

51271
	 	3.	 	 	N771AN
	 	Boeing
	 	777-223ER

(BOEING 777-200)
	 	 	29579	 	 	Rolls Royce
	 	RB211-TRENT-892

(ROLLS ROYCE TRENT800)

	 	51136

51137
	 	4.	 	 	N773AN
	 	Boeing
	 	777-223ER

(BOEING 777-200)
	 	 	29583	 	 	Rolls Royce
	 	RB211-TRENT-892

(ROLLS ROYCE TRENT800)

	 	51143

51144

Part Two — Eligible Aircraft and Scheduled Delivery Months

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Expected	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	U.S.	 	 	 	Expected Airframe Model	 	Expected	 	 	 	Expected Engine Model	 	 
	 	 	 	 	Registration	 	Airframe	 	(including generic	 	Airframe	 	Expected Engine	 	(including generic	 	Scheduled Delivery
	No.	 	No.	 	Manufacturer	 	manufacturer and model)	 	MSN	 	Manufacturer	 	manufacturer and model)	 	Month
	 	1.	 	 	N992AN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31071	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	July 2009
	 	2.	 	 	N800NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	29564	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	July 2009
	 	3.	 	 	N801NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	29565	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	July 2009
	 	4.	 	 	N802NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31073	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	August 2009
	 	5.	 	 	N803NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	29566	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	August 2009
	 	6.	 	 	N804NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	29567	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	August 2009
	 	7.	 	 	N805NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31075	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	September 2009

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

SCHEDULE I to

NOTE PURCHASE AGREEMENT

(Cont’d)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Expected	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	U.S.	 	 	 	Expected Airframe Model	 	Expected	 	 	 	Expected Engine Model	 	 
	 	 	 	 	Registration	 	Airframe	 	(including generic	 	Airframe	 	Expected Engine	 	(including generic	 	Scheduled Delivery
	No.	 	No.	 	Manufacturer	 	manufacturer and model)	 	MSN	 	Manufacturer	 	manufacturer and model)	 	Month
	 	8.	 	 	N806NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	29561	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	September 2009
	 	9.	 	 	N807NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31077	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	September 2009
	 	10.	 	 	N809NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	33519	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	October 2009
	 	11.	 	 	N808NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	33206	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	October 2009
	 	12.	 	 	N812NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	33520	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	October 2009
	 	13.	 	 	N811NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31079	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	October 2009
	 	14.	 	 	N810NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	33207	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	October 2009
	 	15.	 	 	N814NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	29562	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	November 2009
	 	16.	 	 	N815NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	33208	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	November 2009
	 	17.	 	 	N813NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	30918	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	November 2009
	 	18.	 	 	N816NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31081	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	November 2009
	 	19.	 	 	N817NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	29558	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	December 2009
	 	20.	 	 	N818NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	30910	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	December 2009
	 	21.	 	 	N819NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31083	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	December 2009
	 	22.	 	 	N820NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	29559	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	December 2009

Sch. I-2

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

SCHEDULE I to

NOTE PURCHASE AGREEMENT

(Cont’d)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Expected	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	U.S.	 	 	 	Expected Airframe Model	 	Expected	 	 	 	Expected Engine Model	 	 
	 	 	 	 	Registration	 	Airframe	 	(including generic	 	Airframe	 	Expected Engine	 	(including generic	 	Scheduled Delivery
	No.	 	No.	 	Manufacturer	 	manufacturer and model)	 	MSN	 	Manufacturer	 	manufacturer and model)	 	Month
	 	23.	 	 	N821NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	30912	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	January 2010
	 	24.	 	 	N822NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31085	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	January 2010
	 	25.	 	 	N823NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	29560	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	January 2010
	 	26.	 	 	N824NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	30916	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	February 2010
	 	27.	 	 	N825NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31087	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	February 2010
	 	28.	 	 	N826NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31089	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	February 2010
	 	29.	 	 	N827NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	33209	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	March 2010
	 	30.	 	 	N828NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	33210	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	March 2010
	 	31.	 	 	N829NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31091	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	March 2010
	 	32.	 	 	N830NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	33211	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	March 2010
	 	33.	 	 	N831NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	33521	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	April 2010
	 	34.	 	 	N832NN
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31093	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	April 2010
	 	35.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	29576	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	April 2010
	 	36.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	29577	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	April 2010
	 	37.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31095	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	May 2010

Sch. I-3

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

SCHEDULE I to

NOTE PURCHASE AGREEMENT

(Cont’d)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Expected	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	U.S.	 	 	 	Expected Airframe Model	 	Expected	 	 	 	Expected Engine Model	 	 
	 	 	 	 	Registration	 	Airframe	 	(including generic	 	Airframe	 	Expected Engine	 	(including generic	 	Scheduled Delivery
	No.	 	No.	 	Manufacturer	 	manufacturer and model)	 	MSN	 	Manufacturer	 	manufacturer and model)	 	Month
	 	38.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	30908	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	May 2010
	 	39.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	29557	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	May 2010
	 	40.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31097	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	May 2010
	 	41.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	33518	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	June 2010
	 	42.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	30914	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	June 2010
	 	43.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31099	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	June 2010
	 	44.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	30906	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	July 2010
	 	45.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31101	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	July 2010
	 	46.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	33212	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	July 2010
	 	47.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	40579	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	July 2010
	 	48.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	29575	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	August 2010
	 	49.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31103	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	August 2010
	 	50.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	33213	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	August 2010
	 	51.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	40580	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	August 2010
	 	52.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	29556	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	September 2010

Sch. I-4

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

SCHEDULE I to

NOTE PURCHASE AGREEMENT

(Cont’d)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Expected	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	U.S.	 	 	 	Expected Airframe Model	 	Expected	 	 	 	Expected Engine Model	 	 
	 	 	 	 	Registration	 	Airframe	 	(including generic	 	Airframe	 	Expected Engine	 	(including generic	 	Scheduled Delivery
	No.	 	No.	 	Manufacturer	 	manufacturer and model)	 	MSN	 	Manufacturer	 	manufacturer and model)	 	Month
	 	53.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	33214	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	September 2010
	 	54.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	40581	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	September 2010
	 	55.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31105	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	September 2010
	 	56.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	40582	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	October 2010
	 	57.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	30907	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	October 2010
	 	58.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	30904	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	October 2010
	 	59.	 	 	TBD
	 	Boeing
	 	737-823

(BOEING 737-800)
	 	 	31107	 	 	CFM International,
Inc.
	 	CFM56-7B26

(CFM CFM56-7)

	 	October 2010

Sch. I-5

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

SCHEDULE II to

NOTE PURCHASE AGREEMENT

TRUST SUPPLEMENTS

Trust Supplement, dated as of the Issuance Date, between the Company and the Pass Through Trustee
in respect of the American Airlines Pass Through Trust, Series 2009-1A.

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

SCHEDULE III to

NOTE PURCHASE AGREEMENT

REQUIRED TERMS

Equipment Notes

Obligor: The Company

Maximum Principal Amount:

The original principal amount and amortization schedule of the Series A Equipment Notes issued with
respect to a Prefunded Aircraft shall be as set forth in the following table (in the case of the
amortization schedule, expressed as percentages of the original principal amount of such Series A
Equipment Notes); provided that if any Series A Equipment Note is issued with respect to a
Prefunded Aircraft on or after any date scheduled for a principal payment in the applicable
amortization schedule below, (a) the original principal amount of such Series A Equipment
Note will be reduced by the aggregate principal amount scheduled for payment on or prior to such
issuance date and the principal amortization schedule for such Series A Equipment Note shall
commence on the first scheduled principal payment date in such schedule occurring after the
issuance of such Series A Equipment Note and (b) the amortization percentages set forth in
Schedule I to the applicable Indenture and such Series A Equipment Note shall be adjusted to
reflect the amortization of such reduced principal amount on the remaining payment dates:

	 	 	 	 	 	 	 	 	 
	Date	 	Equipment Note Ending Balance	 	Scheduled Payments of Principal
	At Issuance
	 	$	22,902,000.00	 	 	$	0.00	 
	January 2, 2010
	 	 	22,902,000.00	 	 	 	0.00	 
	July 2, 2010
	 	 	22,902,000.00	 	 	 	0.00	 
	January 2, 2011
	 	 	22,902,000.00	 	 	 	0.00	 
	July 2, 2011
	 	 	21,890,909.99	 	 	 	1,011,090.01	 
	January 2, 2012
	 	 	20,879,437.12	 	 	 	1,011,472.87	 
	July 2, 2012
	 	 	19,867,964.25	 	 	 	1,011,472.87	 
	January 2, 2013
	 	 	18,856,491.39	 	 	 	1,011,472.86	 
	July 2, 2013
	 	 	18,140,510.77	 	 	 	715,980.62	 
	January 2, 2014
	 	 	17,424,530.16	 	 	 	715,980.61	 
	July 2, 2014
	 	 	16,708,549.54	 	 	 	715,980.62	 
	January 2, 2015
	 	 	15,992,568.93	 	 	 	715,980.61	 
	July 2, 2015
	 	 	15,276,588.31	 	 	 	715,980.62	 
	January 2, 2016
	 	 	14,560,607.70	 	 	 	715,980.61	 

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

	 	 	 	 	 	 	 	 	 
	Date	 	Equipment Note Ending Balance	 	Scheduled Payments of Principal
	July 2, 2016
	 	 	13,844,627.08	 	 	 	715,980.62	 
	January 2, 2017
	 	 	13,128,646.47	 	 	 	715,980.61	 
	July 2, 2017
	 	 	12,412,665.86	 	 	 	715,980.61	 
	January 2, 2018
	 	 	11,696,685.24	 	 	 	715,980.62	 
	July 2, 2018
	 	 	10,980,704.63	 	 	 	715,980.61	 
	January 2, 2019
	 	 	10,264,724.01	 	 	 	715,980.62	 
	July 2, 2019
	 	 	0.00	 	 	 	10,264,724.01	 

Indenture for Each Prefunded Aircraft

Debt Rate (as such term is defined in clause (i) of the definition of “Debt Rate” in the form of
Indenture marked as Exhibit C of the Note Purchase Agreement (the “Indenture Form”)) for
Series A (computed on the basis of a 360-day year consisting of twelve 30-day months, payable
semi-annually in arrears): 10.375%.

	 	 	 
	Past Due Rate:
	 	The lesser of (a) with respect to (i) any payment made to a Noteholder (as such term is defined in the
Indenture Form) under any Series of Equipment Notes relating to such Prefunded Aircraft, the Debt Rate
then applicable to such Series plus 1% and (ii) any other payment made under any Operative Document
(as such term is defined in the Indenture Form) to any other Person, the Debt Rate (as such term is
defined in clause (ii) of the definition of “Debt Rate” in the Indenture Form) 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.

	 	 	 

	Payment Dates:
	 	January 2 and July 2 commencing with January 2, 2010.

	 	 	 

	Make-Whole Amount:
	 	As provided in Article II of the Indenture Form.

	 	 	 

	Redemption:
	 	As provided in Article II of the Indenture Form.

	 	 	 

	All-risk hull insurance:
	 	Not less than 110% of the unpaid principal amount of the Equipment Notes relating to such Prefunded
Aircraft, subject to the Company’s right to self-insure on terms no more favorable to the Company in
any material respect than those set forth in Section 7.06 of the Indenture Form.

Sch. III-2

Note Purchase Agreement

2009-1 Aircraft EETC

 

Participation Agreement for Each Prefunded Aircraft

The applicable Loan Trustee, the Subordination Agent, the Liquidity Providers, the Pass Through
Trustees and the Escrow Agent shall be indemnified against Claims (as such term is defined in the
Participation Agreement Form referred to below) to the extent set forth in Section 4.02 of
the form of the Participation Agreement included as Exhibit B to the Note Purchase Agreement (the
“Participation Agreement Form”).

Prohibited Modifications

	1.	 	The parties may not modify in any material adverse respect the Granting Clause of the
Indenture Form so as to deprive the Noteholders or the Related Noteholders (as defined in the
Indenture Form) of a first priority security interest in and mortgage lien on the Aircraft (as
defined in the Indenture Form) or, to the extent assigned thereunder, the Warranty Rights (as
defined in the Indenture Form) or to eliminate any of the obligations intended to be secured
thereby, or otherwise modify in any material adverse respect as regards the interests of the
Noteholders, the Subordination Agent, the Class A Liquidity Provider or the Loan Trustee (as
defined in the Indenture Form) the provisions of Article II or Article III, or
Sections 7.05(a) or 7.05(b) (insofar as such Sections relate to conditions to
“Airframe” and “Engine” replacements), or Sections 4.01, 4.02, 5.02,
9.02, 10.04, 10.11, 10.12 or 10.15 of the Indenture
Form or the provisions of the proviso to the second full sentence of Section 7.02(e)
of the Indenture Form as regards the rights of the Loan Trustee (as defined in the Indenture
Form) thereunder or the definition of “Make-Whole Amount” in Annex A to the Indenture Form.
	 
	2.	 	The parties may not modify in any material adverse respect as regards the interests of the
Noteholders, the Subordination Agent, the Class A Liquidity Provider or the Loan Trustee (as
defined in the Participation Agreement Form) the provisions of Sections 3.01(d),
3.01(f)(i), 3.01(r), 4.01(g), 4.01(h), 6.01(e),
6.01(f), 6.02(b), 6.02(c), 7.03, 7.08 or 7.12
of the Participation Agreement Form, or the first sentence of Section 6.02(c) of the
Participation Agreement Form, or the provisions of Sections 3.01(g), (h) or
(i) of the Participation Agreement Form so as to eliminate the requirement to deliver
to the Noteholders or the Loan Trustee (as defined in the Participation Agreement Form), as
the case may be, the legal opinions to be provided to such Persons thereunder (recognizing
that the lawyers rendering such opinions may be changed) or otherwise modify the terms of the
Participation Agreement Form to deprive the Pass Through Trustees, the Subordination Agent,
the Class A Liquidity Provider or the Loan Trustee (as defined in the Participation Agreement
Form) of any indemnity, or right of reimbursement, for Claims in its favor.
	 
	3.	 	Nothing in the two immediately preceding paragraphs shall prohibit any modification of the
Indenture Form or the Participation Agreement Form to give effect to the issuance or
redemption and issuance of any Series B Equipment Notes or the issuance of pass through
certificates by any pass through trust that acquires any such Series B Equipment Notes or to
provide for any credit support for any pass through certificates relating to any

Sch. III-3

Note Purchase Agreement

2009-1 Aircraft EETC

 

	 	 	such Series B Equipment Notes, in each case, as provided in Section 4(a)(v) of the
Note Purchase Agreement.

Sch. III-4

Note Purchase Agreement

2009-1 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 Article, 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.

          “Aircraft” means each Owned Aircraft or each Prefunded Aircraft.

          “Aircraft Purchase Agreement” means Purchase Agreement No. 1977, dated as of October
31, 1997, which incorporates by reference the Aircraft General Terms Agreement (AGTA-AAL), dated as
of October 31, 1997, between the Manufacturer and the Company, as the same may be amended,
supplemented or otherwise modified from time to time in accordance with its terms.

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

          “Bankruptcy Code” means the United States Bankruptcy Code, 11 United States Code §§101
et seq., as amended, or any successor statutes thereto.

          “Basic Pass Through Trust Agreement” means that certain Pass Through Trust Agreement,
dated as of March 21, 2002, between the Company and U.S. Bank (as successor in interest to State
Street Bank and Trust Company of Connecticut, National Association), 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,
Boston, Massachusetts, 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.

          “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).

          “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 each Pass Through Trust.

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

          “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 fourth recital to the
Note Purchase Agreement.

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

A-2

Note Purchase Agreement

2009-1 Aircraft EETC

 

          “Class A Pass Through Trustee” has the meaning set forth in the first paragraph of the
Note Purchase Agreement.

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

          “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, 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 Series B Equipment Notes and
(ii) any “Refinancing Trust” (as such term is defined in the Intercreditor Agreement)
created in connection with any subsequent redemption of such Series B Equipment Notes and issuance
of new Series B Equipment Notes.

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

          “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.

          “Cut-Off Date” means the earliest of:

     (a) the day after the Delivery Period Termination Date; and

     (b) the date on which a Triggering Event occurs.

          “Delivery Period Termination Date” means the earlier of:

     (a) October 31, 2010, or, if the Equipment Notes relating to all of the New Aircraft
(together with all of the Substitute Aircraft financed in lieu of Eligible Aircraft pursuant
to Section 1(h) of the Note Purchase Agreement, if any) have not been purchased by
the Pass Through Trustees on or prior to such date due to any reason beyond the control of
the Company and not occasioned by the Company’s fault or negligence, January 31, 2011
(provided that, if a labor strike occurs or continues at the Manufacturer after the
Issuance Date and on or prior to either or both of such dates referred to in this clause
(a), such date or dates on or following the Issuance Date shall be extended by adding
thereto the number of days that each such strike continued in effect

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2009-1 Aircraft EETC

 

after the Issuance Date, but in no event shall the Delivery Period Termination Date be
later than the second anniversary of the Issuance Date); and

     (b) the date on which Equipment Notes issued with respect to all of the Prefunded
Aircraft have been purchased by the Pass Through Trustees in accordance with the Note
Purchase Agreement.

          “Deposits” has the meaning set forth in the seventh recital to the Note Purchase
Agreement.

          “Deposit Agreement” has the meaning set forth in the seventh recital to the Note
Purchase Agreement, subject to Section 5(f) of the Note Purchase Agreement.

          “Depositary” means, subject to Section 5(f) of the Note Purchase Agreement,
The Bank of New York Mellon, a New York banking corporation.

          “Depositary Threshold Rating” has the meaning set forth in Section 5(a) of the
Note Purchase Agreement.

          “Eligible Aircraft” has the meaning set forth in the third recital to the Note
Purchase 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.

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

          “Escrow Agent Agreements” has the meaning set forth in Section 3(e)(i) of the
Note Purchase Agreement.

          “Escrow and Paying Agent Agreement” has the meaning set forth in the seventh recital
to the Note Purchase Agreement.

          “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.

          “Funding Date” has the meaning set forth in Section 1(b) of the Note Purchase
Agreement.

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          “Funding Notice” has the meaning set forth in Section 1(b) of the Note
Purchase Agreement.

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

          “Indenture” means (i) with respect to a Prefunded Aircraft, an indenture and
security agreement substantially in the form of Exhibit C to the Note Purchase Agreement to which
such Prefunded Aircraft shall have been subjected, as the same may be amended, supplemented or
otherwise modified from time to time, and (ii) with respect to an Owned Aircraft, an
indenture and security agreement substantially in the form of Exhibit C to the Note Purchase
Agreement to which such Owned Aircraft shall have been subjected in connection with the issuance of
the Class A Certificates, as the same may be amended, supplemented or otherwise modified from time
to time.

          “Indenture Form” has the meaning set forth on Schedule III to the Note Purchase
Agreement.

          “Initial Deposits” has the meaning set forth in the seventh recital to the Note
Purchase Agreement.

          “Intercreditor Agreement” means that certain Intercreditor Agreement, dated as of the
Issuance Date, among the Class A Pass Through Trustee, the Class A Liquidity Provider 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.

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

          “Liquidity Facilities” means, collectively, the Class A Liquidity Facility and, if
provided, the Class B Liquidity Facility.

          “Liquidity Providers” means, collectively, the Class A Liquidity Provider and, if any
Class B Liquidity Facility shall have been provided, the Class B Liquidity Provider.

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          “Loan Trustee” means, with respect to any Aircraft, the “Loan Trustee” as defined in
the Financing Agreements in respect of such Aircraft.

          “Manufacturer” means The Boeing Company, a Delaware corporation, and its successors
and assigns.

          “Moody’s” means Moody’s Investors Service, Inc.

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

          “Note Purchase Agreement” means the Note Purchase Agreement to which this Annex A is
attached.

          “Notice of Purchase Withdrawal” has the meaning set forth in Section 2.3(a) of
the Deposit Agreement.

          “Operative Agreements” means, collectively, each Pass Through Trust Agreement, the
Note Purchase Agreement, the Escrow and Paying Agent Agreement, the Deposit 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.

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

          “Participation Agreement” means (i) with respect to a Prefunded Aircraft, a
participation agreement substantially in the form of Exhibit B to the Note Purchase Agreement
relating to the financing of such Prefunded Aircraft, as the same may be amended, supplemented or
otherwise modified from time to time, and (ii) with respect to an Owned Aircraft, a
participation agreement substantially in the form of Exhibit B to the Note Purchase Agreement
relating to the financing of such Owned Aircraft in connection with the issuance of the Class A
Certificates on the Issuance Date, as the same may be amended, supplemented or otherwise modified
from time to time.

          “Participation Agreement Form” has the meaning set forth on Schedule III to the Note
Purchase Agreement.

          “Pass Through Trust” means each of the 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 Agreements.

          “Pass Through Trust Agreement” means each of the 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.

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          “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.

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

          “Paying Agent Agreements” has the meaning set forth in Section 3(f)(i) 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.

          “Prefunded Aircraft” means each New Aircraft (or any Substitute Aircraft financed in
lieu of an Eligible Aircraft pursuant to Section 1(h) of the Note Purchase Agreement) and,
collectively, the New Aircraft (and, if applicable, the Substitute Aircraft financed in lieu of
Eligible Aircraft pursuant to Section 1(h) of the Note Purchase Agreement, if any);
provided that, to the extent any Substitute Aircraft is financed in lieu of an Eligible
Aircraft pursuant to Section 1(h) of the Note Purchase Agreement, the number of the New
Aircraft shall be reduced by the aggregate number of the Substitute Aircraft so financed.

          “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 A Certificates will be Moody’s and Standard & Poor’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 (before the downgrading of such rating, if any, as a result of the downgrading of the
Depositary below the applicable Depositary Threshold Rating, if applicable) or (ii) a
withdrawal or suspension of the rating of such Class of Certificates by such Rating Agency.

          “Register” means the register maintained pursuant to Sections 3.04 and
7.12 of the Basic Pass Through Trust Agreement with respect to each Pass Through Trust.

          “Replacement Deposit Agreement” means a deposit agreement substantially in the form of
the replaced Deposit Agreement as shall permit the Rating Agencies to issue a Rating Agency
Confirmation with respect to the Class A Certificates in connection with the replacement of the
Depositary with the Replacement Depositary party to such deposit agreement.

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          “Replacement Depositary” has the meaning set forth in Section 5(a) of the Note
Purchase Agreement.

          “Required Terms” means the provisions set forth on Schedule III to the Note Purchase
Agreement.

          “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 B Equipment Notes” means Equipment Notes, if any, issued under an Indenture
and designated as “Series B” thereunder.

          “Short-Term Rating” means, for any entity, (a) in the case of Moody’s, the
short-term unsecured debt rating of such entity, and (b) in the case of Standard & Poor’s,
the short-term issuer credit rating of such entity.

          “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.

          “Substitute Aircraft” has the meaning set forth in Section 1(h) 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.

          “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 Supplements” means (i) that certain agreement supplemental to the Basic
Pass Through Trust Agreement referred to in Schedule II to the Note Purchase Agreement and
(ii) in the case of any Class B Certificates, if issued whether in connection with the
initial issuance of any Series B Equipment Notes or in connection with any subsequent redemption of
such Series B Equipment Notes and issuance of new Series B Equipment Notes, an agreement
supplemental to the Basic Pass Through Trust Agreement pursuant to which (a) a separate
trust

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is created for the benefit of the holders of such Class B Certificates, (b) the
issuance of such Class B Certificates representing fractional undivided interests in the Class B
Pass Trough Trust is authorized and (c) the terms of such Class B Certificates are
established.

          “Underwriters” has the meaning set forth in the fifth recital to the Note Purchase
Agreement.

          “Underwriting Agreement” has the meaning set forth in the fifth recital to the Note
Purchase Agreement.

          “United States” means the United States of America.

          “U.S. Bank” has the meaning set forth in the first paragraph of the Note Purchase
Agreement.

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EXHIBIT A to

NOTE PURCHASE AGREEMENT

FORM OF FUNDING NOTICE

FUNDING NOTICE

Dated as of [                    ]

To each of the addressees listed

     in Schedule A hereto

			
	Re:	 	Funding Notice in accordance with Note Purchase
Agreement referred to below

Ladies and Gentlemen:

     Reference is made to the Note Purchase Agreement, dated as of July 7, 2009, among American
Airlines, Inc. (the “Company”), U.S Bank Trust National Association, as Class A Pass
Through Trustee (as defined therein) (the “Class A Pass Through Trustee”), U.S. Bank Trust
National Association, as Subordination Agent (the “Subordination Agent”), U.S. Bank
National Association, as Escrow Agent (the “Escrow Agent”), and U.S. Bank Trust National
Association, as Paying Agent (the “Paying Agent”) (as in effect from time to time, the
“Note Purchase Agreement”). Unless otherwise defined herein, capitalized terms used herein
shall have the meanings set forth in the Note Purchase Agreement or, to the extent not defined
therein, the Intercreditor Agreement.

     Pursuant to Section 1(b) of the Note Purchase Agreement, the undersigned hereby
notifies you, in respect of the aircraft described in Schedule B hereto (the “Aircraft”),
of the following:

	(1)	 	The Funding Date of the Aircraft shall be [                    ] [(which date is no more than 90 days
after the delivery of the Aircraft to the Company by the Manufacturer under the Aircraft
Purchase Agreement)]1;
	 
	(2)	 	The aggregate amount of each series of Equipment Notes to be issued, and purchased by the
[Class A Pass Through Trustee] [respective Pass Through Trustees referred to below each, a
“Pass Through Trustee”)], on the Funding Date, in connection with the financing of
such Aircraft is as follows:

 

			
	1	 	To be included in Funding Notices with respect to each
Prefunded Aircraft that is not a Substitute Aircraft.

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

-2-

	 	[(a)]  	 	the Class A Pass Through Trustee shall purchase Series A Equipment Notes in
the amount of $[                    ][; and
	 
	 	(b)	 	the Class B Pass Through Trustee shall purchase Series B Equipment Notes in the
amount of $[                    ]].

     The Company hereby instructs the Class A Pass Through Trustee to (i) execute a
Withdrawal Certificate in the form of Annex A hereto dated as of [                    ] and attach thereto a
Notice of Purchase Withdrawal dated such date completed as set forth on Exhibit A hereto and
(ii) deliver such Withdrawal Certificate and Notice of Purchase Withdrawal to the
[applicable] Escrow Agent.

     [If applicable, to include an instruction from the Company to the Class B Pass Through Trustee
with respect to obtaining funds necessary to purchase the Series B Equipment Notes.]

     The Company hereby instructs the Class A Pass Through Trustee to (i) purchase the
Series A Equipment Notes in an amount set forth opposite the Class A Pass Through Trustee in clause
(2) above with a portion of the proceeds of the withdrawals of Deposits referred to in the
applicable Notice of Purchase Withdrawal referred to above and (ii) re-deposit with the
Depositary the excess, if any, of the amount so withdrawn over the purchase price of such
Equipment Notes.

     [The Company hereby instructs the Class B Pass Through Trustee to purchase the Series B
Equipment Notes in an amount set forth opposite the Class B Pass Through Trustee in clause (2)
above with the amounts [describe the source of funds].]

     The Company hereby instructs [each] [the Class A] Pass Through Trustee to (a) enter
into the Participation Agreement (N[___]) dated as of [                    ] among the Company and U.S. Bank
Trust National Association, as Loan Trustee, Subordination Agent and the Pass Through Trustee of
each Pass Through Trust in existence as of the date thereof, substantially in the form previously
provided, (b) perform its obligations thereunder and (c) deliver such certificates,
documents and legal opinions relating to such [Class A] Pass Through Trustee as are required
thereby.

Yours faithfully,

American Airlines, Inc.

	 	 	 	 	 
	 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 

Note Purchase Agreement

2009-1 Aircraft EETC

 

	 	 	 	 	 

Schedule A to

Funding Notice

U.S. Bank Trust National Association, as
 [Class A]
Pass Through Trustee

300 Delaware Avenue, 9th Floor

Mail Code EX-DE-WDAW

Wilmington, Delaware 19801

Attention: Corporate Trust Services

Reference: American Airlines 2009-1 EETC

Telephone: (302) 576-3703

Facsimile: (302) 576-3717

U.S. Bank Trust National Association, as

     Subordination Agent and Paying Agent

One Federal Street, 3rd Floor

Mail Code EX-MA-FED

Boston, Massachusetts 02110

Attention: Corporate Trust Services

Reference: American Airlines 2009-1 EETC

Telephone: (617) 603-6553

Facsimile: (617) 603-6683

U.S. Bank National Association, as

     Escrow Agent

One Federal Street, 3rd Floor

Boston, Massachusetts 02110

Attention: Corporate Trust Services

Reference: American Airlines 2009-1 EETC

Telephone: (617) 603-6553

Facsimile: (617) 603-6683

The Bank of New York Mellon, as

     Depositary

101 Barclay Street, Floor 8W

New York, New York 10286

Attention: Corporate Finance, Mary Miselis, Vice President

Reference: American Airlines 2009-1 EETC

Telephone: (212) 815-4812

Facsimile: (212) 815-5704

Standard & Poor’s Ratings Services

55 Water Street, 35th Floor

New York, New York 10004

Attention: Michael K. Vernier

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

Reference: American Airlines 2009-1 EETC

Telephone: (212) 438-6629

Facsimile: (212) 438-6632

Moody’s Investors Service, Inc.

7 World Trade Center at 250 Greenwich Street

New York, New York 10007

Attention: Jonathan Root, Vice President — Senior Analyst

     Airlines, Municipal Solid Waste, Shipping Sectors

Reference: American Airlines 2009-1 EETC

Telephone: (212) 553-1672

Facsimile: (212) 298-6481

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

Schedule B to

Funding Notice

Aircraft

One Boeing [Model] aircraft bearing U.S. Registration Mark                      and manufacturer’s serial
number                      together with two [Engine Manufacturer and Model] engines [expected to bear] [bearing]
manufacturer’s serial numbers                      and                     .

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

Schedule C to

Funding Notice

Equipment Notes

	 	 	 	 	 	 	 
	Relevant Pass	 	Series of Equipment	 	 	 	Original Principal
	Through Trustee	 	Notes	 	Equipment Note No.	 	Amount
	 
	 	 	 	 	 	 
	Class A Pass
Through Trustee

	 	Series 2009-1A-___
	 	No. A-___-___
	 	$_________
	 
	 	 	 	 	 	 
	[Class B Pass
Through Trustee]

	 	[Series 2009-1B-___]
	 	[No. B-___-___]
	 	[$_________]

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

Annex A to

Funding Notice

WITHDRAWAL CERTIFICATE

(Class A)

U.S. Bank National Association,

as Escrow Agent

One Federal Street, 3rd Floor

Boston, Massachusetts 02110

Attention: Corporate Trust Services

Reference: American Airlines 2009-1 EETC

Telephone: (617) 603-6553

Facsimile: (617) 603-6683

Ladies and Gentlemen:

Reference is made to the Escrow and Paying Agent Agreement (Class A), dated as of July 7, 2009 (the
“Agreement”). We hereby certify to you that the conditions to the obligations of the
undersigned to execute a Participation Agreement pursuant to the Note Purchase Agreement have been
satisfied. Pursuant to Section 1.02(c) of the Agreement, please execute the attached
Notice of Purchase Withdrawal and immediately transmit by facsimile to the Depositary, at The Bank
of New York Mellon, as Depositary, 101 Barclay Street, Floor 8W, New York, New York 10286,
attention: Corporate Finance, Mary Miselis, Vice President, Reference: American Airlines 2009-1
EETC, telephone: (212) 815-4812, facsimile: (212) 815-5704.

          Capitalized terms used herein but not defined herein shall have the meanings set forth in the
Agreement.

	 	 	 	 	 
	 	Very truly yours,

U.S. BANK TRUST NATIONAL ASSOCIATION,

not in its individual capacity but solely as Pass

Through Trustee

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Dated: As of [                     ___, 20___]

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

Exhibit A to

Funding Notice

NOTICE OF PURCHASE WITHDRAWAL

The Bank of New York Mellon,

as Depositary

101 Barclay Street, Floor 8W

New York, New York 10286

Attention: Corporate Finance, Mary Miselis, Vice President

Reference: American Airlines 2009-1 EETC

Telephone: (212) 815-4812

Telecopier: (212) 815-5704

Ladies and Gentlemen:

          Reference is made to the Deposit Agreement (Class A) dated as of July 7, 2009 (the
“Deposit Agreement”) between U.S. Bank National Association, as Escrow Agent, and The Bank
of New York Mellon, as Depositary (the “Depositary”).

          In accordance with Section 2.3(a) of the Deposit Agreement, the undersigned hereby
requests the withdrawal of the entire amount of the Deposit, $[                    ], Account No. [                    ].

The undersigned hereby directs the Depositary to pay the entire amount of the Deposit to [American
Airlines, Inc. at JP Morgan Chase, ABA# [
           ], Account No. 910-1-019884, Reference: American
Airlines 2009-1 EETC] [the Pass Through Trustee at U.S. Bank Trust National Association,
Wilmington, Delaware, ABA# [
           ], Corporate Trust, Account No. [
           ], Reference:
American Airlines 2009-1 EETC]2 on [                    ], 20___, upon the telephonic request of a
representative of the Pass Through Trustee.

	 	 	 	 	 

	 	
U.S. BANK NATIONAL ASSOCIATION,

as Escrow Agent

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Dated: As of [                     ___, 20___]

 

			
	2	 	If there are any excess amounts that would need to be
re-deposited pursuant to the applicable Funding Notice, the account to be
specified here should be that of the Pass Through Trustee. If there are no
such excess amounts, the account number to specified here should be that of
American.

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

EXHIBIT B to

NOTE PURCHASE AGREEMENT

FORM OF PARTICIPATION AGREEMENT

[Filed as Exhibit 4.8.]

 

Note Purchase Agreement

2009-1 Aircraft EETC

 

EXHIBIT C to

NOTE PURCHASE AGREEMENT

FORM OF INDENTURE

[Filed as Exhibit 4.9]

 

Note Purchase Agreement

2009-1 Aircraft EETC

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