Document:

Bank One/UAL Sixth Amendment

Exhibit 4.5

SIXTH AMENDMENT TO

DEBTOR IN POSSESSION CREDIT AGREEMENT

        SIXTH AMENDMENT, dated as
of May 24, 2004 (the "Amendment"), to the Debtor in Possession Credit
Agreement, dated as of December 24, 2002, among United Air Lines, Inc.,
a Delaware corporation as debtor and debtor in possession ("Borrower"),
the Persons named in the Credit Agreement as Credit Parties as debtors
and debtors in possession, Bank One, NA, a national banking association
in its capacity as Agent for the Lenders ("Agent"), and the Persons
signatory to the Credit Agreement from time to time as Lenders.

W I T N E S S ETH:

        WHEREAS, Borrower,
Credit Parties, Agent and Lenders have entered into that certain Debtor
in Possession Credit Agreement, dated as of December 24, 2002 (as amended,
restated, supplemented and otherwise modified from time to time, the "Credit
Agreement"), and to certain other documents executed in connection
with the Credit Agreement; and

        WHEREAS, the Borrower
and the other Credit Parties have requested that from and after the Effective
Date (as hereinafter defined), the Credit Agreement be amended as set forth
in paragraphs 2 through 14 hereof, subject to and upon the terms and conditions
set forth herein.

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

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

2.     Amendment to Article I.  Article
I of the Credit Agreement is hereby amended by:

(A) deleting the definition of each of the following terms:  "Aircraft
Mortgage", "Applicable Margin", "Flight Simulators", "Foreign Aviation
Authorities", "Foreign Slot", "Orders", and "Supporting Route Facilities"
appearing therein, and inserting the following new definitions in appropriate
alphabetical order:
""Aircraft Mortgage" shall mean that "Aircraft Mortgage" as
defined in Section 4.1(xxvii), as the same may be amended, modified, supplemented,
extended or restated from time to time.
"Applicable Margin" means, with respect to a Loan of any Type
at any time, the following rate per annum:  (a) 4.50% per annum, with
respect to a Floating Rate Loan, and (b) 5.50% per annum, with respect
to a Eurodollar Loan; provided that, in the event the ATSB approves
the guaranty of the exit financing applied for in the Application and Agent
notifies the Borrower in writing that such approval is reasonably satisfactory
in form and substance to it, then, as of the date the Application is approved,
the Applicable Margin with respect to (i) Floating Rate Loans shall be
3.50% per annum and (ii) Eurodollar Loans shall be 4.50% per annum.

"Flight Simulators" shall mean the flight simulators and flight
training devices of the Borrower or any applicable Guarantor other than
the flight simulators listed on Schedule 1.1(c) (as such Schedule may be
amended from time to time with the consent of Agent to remove one or more
flight simulators from such Schedule).

"Foreign Aviation Authorities" shall mean any foreign governmental,
quasi-governmental, regulatory or other agencies or private entities which
exercise jurisdiction over the issuance or authorization (i) to serve any
foreign point on each of the Routes and/or operations related to the Routes
and Supporting Route Facilities and/or (ii) to hold and operate any Foreign
Slots.

"Foreign Slot" shall mean all of the rights and operational authority,
now held or hereafter acquired, of Borrower and, if applicable, a Credit
Party, to conduct one landing or takeoff at a specific time or in a specific
time period on a specific day of the week at each non-U.S. airport served
in conjunction with Borrower's, or, if applicable, a Credit Party's operations
over a Route.

"Orders" shall mean the Interim Order, the Final and the Sixth
Amendment Order.

"Supporting Route Facilities" shall mean gates, ticket counters
and other facilities at each non-U.S. airport necessary to operate a Route
including, but not limited to, those at the following airports: London,
Heathrow; Tokyo, Narita; Osaka, Kansai; Beijing, Capital Airport; Shanghai,
Puo Dong; and Hong Kong, Hong Kong International; Frankfurt, Frankfurt
Airport; Paris, Charles de Gaulle Airport; and Munich, Munich International
Airport.";

(B) inserting the following new definition of "Sixth Amendment Order" in
appropriate alphabetical order:

"Sixth Amendment Order" shall mean an order of the Bankruptcy
Court in form and substance reasonably satisfactory to Agent approving
the execution of the Sixth Amendment, dated as of May __, 2004."

; and (C) amending the definition of the term "EBITDAR" by (x) deleting
the parenthetical clause appearing in clause (a)(iii) thereof, (y) inserting
at the end of clause (a)(viii) thereof the words "and a one-time rent expense
in an amount not in excess of $44,000,000 paid in 2004 in connection with
a settlement of the dispute relating to the Chicago O'Hare municipal bond
transaction relating to the out-of-period portion of such rent expense"
and (z) inserting at the end of clause (c) thereof the words ", provided,
however,
that a one-time amount not in excess of $50,000,000 paid in respect of
the Chicago O'Hare municipal bond transaction relating to the out-of-period
portion of rent expense shall not be so deducted for purposes of this clause
(c)".
                 
3.     Amendments to Section 5.20.  Section
5.20 of the Credit Agreement is hereby amended by inserting the words "as
further amended by the Vision - 100 Century of Aviation Reauthorization
Act and" immediately following the words "Homeland Security Act of 2002
and" appearing in clause (i) thereof and immediately preceding the words
"the maximum".

                 
4.     Amendment to Section 5.22.  Section
5.22(a) of the Credit Agreement is hereby amended by inserting the word
", frequencies" immediately following the word "concessions" appearing
in the fourth sentence of subsection (a) thereof.

                 
5.     Amendment to Section 6.1.  Section
6.1 of the Credit Agreement is hereby amended by (A) amending subsection
(n) thereof to read in its entirety as follows:

"(n) on the fifth Business Day following the end of (i) each calendar
month, a certificate of an Officer of the Borrower stating that the Borrower
is monitoring its usage of each Slot identified on Schedule 6.1(n), as
the same shall be amended from time-to-time pursuant to Section 6.13(iii),
and is conducting its operations in a manner such that the Borrower should
be able to meet the Use or Lose Rule for such Slots with respect to the
applicable two-month FAA reporting period; (ii) each calendar month in
which the Borrower does not file with the FAA a report pursuant to 14 C.F.R.
Part 93, a report in detail reasonably satisfactory to Agent showing, for
each airport listed on such Schedule 6.1(n), as same shall be amended from
time-to-time pursuant to Section 6.13(iii), the number of Slots held at
that airport by applicable hour or half-hour allocation period (and, if
applicable, separately setting forth those Slots that are designated as
arrivals or departures) and the total number of operations the Borrower
has conducted in each such allocation period during the one-month period
covered by such report; provided, that if Borrower engages in any temporary
trade, transfer, exchange or lease (collectively, a "Transfer") of a Slot
identified on Schedule 6.1(n), as then in effect, the Borrower shall provide
Agent such information as Agent may from time-to-time reasonably request
regarding such Transfer; and (iii) each calendar month in which the Borrower
files with the FAA a report on Slot utilization pursuant to 14 C.F.R. Part
93, a copy of such report, and a summary thereof, if reasonably requested
by Agent, in a format reasonably acceptable to Agent."

; and (B) inserting the following new subsection (t) immediately following
subsection (s) therein:
"(t) on the fifth Business Day following the end of each calendar
month, (i) a certificate of an Officer of the Borrower stating that the
Borrower is conducting its operations and monitoring its usage of each
Primary Foreign Slot identified on Schedule 1.1(a), as the same shall be
updated from time to time pursuant to Section 6.19(b) in a manner
such that the Borrower should be able to meet the requisite 80%/20%, or
other applicable utilization requirement, to retain its right to each such
Primary Foreign Slot in the next comparable scheduling season; and (ii)
for each Primary Foreign Slot listed on Schedule 1.1(a), as such Schedule
shall be updated from time to time pursuant to Section 6.19(b), a Primary
Foreign Slot Utilization Report, in a format reasonably acceptable to Agent,
showing by day of week the number of times Borrower canceled a service
utilizing each such Primary Foreign Slot during the current IATA scheduling
season."

                 
6.     Amendment to Section 6.6.  Section
6.6(b) of the Credit Agreement is hereby amended to read in its entirety
as follows:
"(b)  The Borrower and each Credit Party shall maintain in full
force and effect war risk and terrorism insurance on all its property in
an amount that is no less than the maximum amount available to the Borrower
and the Guarantors from the DOT under the Federal Aviation Insurance Program,
as amended by the Air Transportation Stabilization Act and Regulations
and further amended by the Homeland Security Act of 2002, and as further
amended by the Vision - 100 Century of Aviation Reauthorization Act."

                 
7.     Amendment to Section 6.10.  Section
6.10 of the Credit Agreement is hereby amended by inserting the word ",
frequencies" immediately following the word "authorizations" appearing
in clause (d) thereof.
                 
8.     Amendment to Section 6.13.  Section
6.13 of the Credit Agreement is hereby amended by inserting the following
new subsection (iii) immediately following subsection (ii) thereof:

"(iii) Cause to be delivered to Agent an updated Schedule 6.1(n) to
replace the then-existing Schedule 6.1(n) within ten (10) Business Days
after (i) the allocation to, or the acquisition, by whatever means, of
any permanent Slot to be added to Borrower's FAA-approved base of Slots;
(ii) any permanent disposition or transfer by Borrower of any Slot permitted
pursuant to the terms of this Agreement and the SGR Security Agreement;
or (iii) any reasonable request by Agent to update such Schedule 6.1(n)."

                 
9.     Amendment to Section 6.14.  Section
6.14 of the Credit Agreement is hereby amended by (A) inserting the following
words at the end of subsection (i) thereof:
"other than with respect to two (2) Primary Foreign Slots in connection
with one non-stop round trip frequency during the winter off-peak season 
2004/2005; it being understood that the two Primary Foreign Slots shall
not include any of the Primary Foreign Slots located at London Heathrow
Airport or Tokyo Narita Airport."

; (B) inserting the following words at the end of the first sentence appearing
in subsection (ii) thereof:
"other than with respect to two (2) Primary Foreign Slots in connection
with one non-stop round trip frequency during the winter off-peak season 
2004/2005; it being understood that the two Primary Foreign Slots shall
not include any of the Primary Foreign Slots located at London Heathrow
Airport or Tokyo Narita Airport."

; and (C) inserting the following new subsection (iii) immediately following
subsection (ii) thereof:
"(c) cause to be delivered to Agent an updated Schedule 1.1(a) to
replace the then-existing Schedule 1.1(a) within ten (10) Business Days
after (i) the allocation to, or acquisition by, Borrower of an additional
slot at any airport outside the United States listed on Schedule 1.1(a);
(ii) any permanent disposition or transfer of any Primary Foreign Slot
permitted pursuant to the terms of this Agreement and the SGR Security
Agreement; or (iii) any reasonable request by Agent to update such Schedule
1.1(a)."

                 
10.    Amendment to Section 6.15.  Section 6.15
of the Credit Agreement is hereby amended by deleting the words "certificates,
bilateral authorizations" appearing therein and inserting in lieu thereof
the words "certificates, permits, bilateral or multi-lateral authorizations".
                 
11.    Amendment to Section 6.19.  Section 6.19
of the Credit Agreement is hereby amended by (A) deleting the word "upon"
appearing at the beginning of subsection (a) thereof and inserting in lieu
thereof the words "within thirty (30) days of"; and (B) inserting the following
new subsection (c) immediately following subsection (b) thereof:

"(c)  Cause to be delivered to Agent an updated Schedule 1.1(b)
to replace the then-existing Schedule 1.1(b) within ten (10) Business Days
of any disposition or permanent transfer of any Primary Route which is
permitted pursuant to the terms of this Agreement and the SGR Security
Agreement."

                 
12.    Amendment to Section 6.24. Section 6.24 of
the Credit Agreement is hereby amended by (A) renumbering clauses "(xix),"
"(xx)" and "(xxi)" as clauses "(xiv)," "(xv)" and "(xvi)," respectively
(B) deleting the percentage "100%" where it appears in clauses (ii)(1),
(ii)(2), (xv)(A) and (xv)(B) thereof and inserting in lieu thereof the
percentage "75%" and (C) deleting the word "and" immediately preceding
clause (xvi) appearing therein and inserting the following the following
new clause (xvii):
"; and (xvii) from and after the effective date of the Seventh Amendment
dated May __, 2004, the sale or other disposition by the Borrower of ownership
interests which it holds in Orbitz in addition to the sales or dispositions
permitted pursuant to clause 6.24(xv), provided that 75% of the
Net Proceeds of sales or dispositions permitted by this clause 6.24(xvii)
shall be applied as a prepayment of the Additional DIP in accordance with
Section 2.13(e) of the Additional DIP Credit Agreement."

                 
13.    Amendment to Section 6.36.  Section 6.36
of the Credit Agreement is hereby amended by deleting from the table appearing
in clause (ii) of subsection (b) the amount appearing opposite the date
May 31, 2004 and inserting in lieu thereof the amount "1,369,000,000".
                 
14.    Amendment to Schedule 1.1(a).  Schedule
1.1(a) is hereby replaced in its entirety with the new Schedule 1.1(a)
attached hereto as Exhibit A.

                 
15.    Conditions to Amendment Effectiveness. 
The amendments set forth in this Amendment shall not become effective until
the date (the "Effective Date") on which the following conditions
precedent shall have been satisfied (or waived by the Required Lenders):

                          
(a)     Execution.  This Amendment shall
have been executed by the Borrower, the other Credit Parties and the Required
Lenders, and Agent shall have received evidence reasonably satisfactory
to it of such execution.

                          
(b)     Bankruptcy Court Order. The Bankruptcy
Court shall have entered an order reasonably satisfactory in form and substance
to Agent approving the terms of this Amendment which order shall be in
full force and effect, and shall not have been vacated, stayed, reversed,
modified or amended in any respect that Agent reasonably determines to
be adverse to the interests of the Lenders; and, if such order is the subject
of a pending appeal in any respect, the continued performance by the Borrower
or any of the other Credit Parties of any of their respective obligations
under the Credit Agreement or under the Loan Documents or under any other
instrument or agreement referred to therein shall not be the subject of
a presently effective stay pending appeal.

                          
(c)     Corporate and Judicial Proceedings. 
All corporate and judicial proceedings and all instruments and agreements
in connection with the transactions among the Borrower, the other Credit
Parties, Agent and the Required Lenders contemplated by this Amendment
shall be reasonably satisfactory in form and substance to the Required
Lenders, and Agent and the Required Lenders shall have received all information
and copies of all documents and papers, including records of corporate
and judicial proceedings, which Agent may have reasonably requested in
connection herewith, such documents and papers where appropriate to be
certified by proper corporate, governmental or judicial authorities.

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

                 
17.    Costs and Expenses.  The Borrower agrees
that its obligations set forth in Section 9.6 of the Credit Agreement shall
extend to the preparation, execution and delivery of this Amendment, including
the reasonable fees and disbursements of special counsel to Agent.

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

                 
19.    Counterparts.  This Amendment may be
executed in any number of counterparts and by the different parties hereto
in separate counterparts, each of which when so executed and delivered
shall be deemed to be an original and all of which taken together shall
constitute but one and the same instrument.  A fax copy of a counterpart
signature page shall serve as the functional equivalent of a manually executed
copy for all purposes.

                 
20.    Applicable Law.  This Amendment shall
be governed by, and construed in accordance with, the laws of the State
of Illinois.

[SIGNATURE PAGES TO FOLLOW]

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

BORROWER:
UNITED AIR LINES, INC.

By: /s/Frederic F. Brace

Name:

Title:

 

GUARANTOR:

UAL CORPORATION

By: /s/Frederic F. Brace

Name:

Title:

 

GUARANTOR:

UAL LOYALTY SERVICES, INC.

By: /s/Steven M. Rasher

Name:  Steven M. Rasher

Title:  Sr. Vice President, General Counsel & Secretary

 

GUARANTOR:

UAL COMPANY SERVICES, INC.

By: /s/Frederic F. Brace

Name:

Title:

 

GUARANTOR:

CONFETTI, INC.

By: /s/Steven M. Rasher

Name:  Steven M. Rasher

Title:  Sr. Vice President, General Counsel & Secretary

 

GUARANTOR:

MILEAGE PLUS HOLDINGS, INC.

By: /s/Steven M. Rasher

Name:  Steven M. Rasher

Title:  Sr. Vice President, General Counsel & Secretary

 

GUARANTOR:

MILEAGE PLUS MARKETING, INC.

By: /s/Steven M. Rasher

Name:  Steven M. Rasher

Title:  Sr. Vice President, General Counsel & Secretary

 

GUARANTOR:

MYPOINTS.COM, INC.

By: /s/Steven M. Rasher

Name:  Steven M. Rasher

Title:  Sr. Vice President, General Counsel & Secretary

 

GUARANTOR:

CYBERGOLD, INC.

By: /s/Steven M. Rasher

Name:  Steven M. Rasher

Title:  Sr. Vice President, General Counsel & Secretary

 

GUARANTOR:

ITARGET.COM, INC.

By: /s/Steven M. Rasher

Name:  Steven M. Rasher

Title:  Sr. Vice President, General Counsel & Secretary

 

GUARANTOR:

MYPOINTS OFFLINE SERVICES, INC.

By: /s/Steven M. Rasher

Name:  Steven M. Rasher

Title:  Sr. Vice President, General Counsel & Secretary

 

GUARANTOR:

UAL BENEFITS MANAGEMENT, INC.

By: /s/Frederic F. Brace

Name:

Title:

 

GUARANTOR:

UNITED BIZ JET HOLDINGS, INC.

By: /s/Steven M. Rasher

Name:  Steven M. Rasher

Title:  Sr. Vice President, General Counsel & Secretary

 

GUARANTOR:

BIZJET CHARTER, INC.

By: /s/Steven M. Rasher

Name:  Steven M. Rasher

Title:  Sr. Vice President, General Counsel & Secretary

 

GUARANTOR:

BIZJET FRACTIONAL, INC.

By: /s/Steven M. Rasher

Name:  Steven M. Rasher

Title:  Sr. Vice President, General Counsel & Secretary

 

GUARANTOR:

BIZJET SERVICES, INC.

By: /s/Steven M. Rasher

Name:  Steven M. Rasher

Title:  Sr. Vice President, General Counsel & Secretary

 

GUARANTOR:

KION LEASING, INC.

By: /s/Frederic F. Brace

Name:

Title:

 

GUARANTOR:

PREMIER MEETING AND TRAVEL SERVICES,

INC.

By: /s/Frederic F. Brace

Name:

Title:

 

GUARANTOR:

UNITED AVIATION FUELS CORPORATION

By: /s/Frederic F. Brace

Name:

Title:

 

GUARANTOR:

UNITED COGEN, INC.

By: /s/Paul R. Lovejoy

Name:  Paul R. Lovejoy

Title:  Senior Vice President, General Counsel & Secretary

 

GUARANTOR:

MILEAGE PLUS, INC.

By: /s/Frederic F. Brace

Name:

Title:

 

GUARANTOR:

UNITED GHS, INC.

By: /s/Frederic F. Brace

Name:

Title:

 

GUARANTOR:

UNITED WORLDWIDE CORPORATION

By: /s/Frederic F. Brace

Name:

Title:

 

GUARANTOR:

UNITED VACATIONS, INC.

By: /s/Frederic F. Brace

Name:

Title:

 

GUARANTOR:

FOUR STAR LEASING, INC.

By: /s/Frederic F. Brace

Name:

Title:

 

GUARANTOR:

AIR WIS SERVICES, INC.

By: /s/Frederic F. Brace

Name:

Title:

 

GUARANTOR:

AIR WISCONSIN, INC.

By: /s/Frederic F. Brace

Name:

Title:

 

GUARANTOR:

DOMICILE MANAGEMENT SERVICES, INC.

By: /s/Paul R. Lovejoy

Name:  Paul R. Lovejoy

Title:  Senior Vice President, General Counsel & Secretary

 

LENDERS:

BANK ONE, NA,

By: /s/Patrick J. Fravel

Name:  Patrick J. Fravel

Title:  Assoc. DirectorFIRST AMENDMENT

Exhibit 4.6

FOURTH AMENDMENT

TO REVOLVING CREDIT, TERM LOAN AND

GUARANTY AGREEMENT

                       
FOURTH AMENDMENT, dated as of March 27, 2003 (the "Amendment"),
to the REVOLVING CREDIT, TERM LOAN AND GUARANTY AGREEMENT, dated as of
December 24, 2002, among UNITED AIR LINES, INC., a Delaware corporation
(the "Borrower"), a debtor and a debtor-in-possession in a case
pending under Chapter 11 of the Bankruptcy Code, UAL CORPORATION, a Delaware
corporation and the parent company of the Borrower (the "Parent")
and all of the direct and indirect subsidiaries of the Borrower and the
Parent signatory thereto (the "Subsidiaries" and together with the
Parent, each a "Guarantor" and collectively the "Guarantors"),
each of which Guarantors referred to in this paragraph is a debtor and
a debtor-in-possession in a case pending under Chapter 11 of the Bankruptcy
Code, JPMORGAN CHASE BANK, a New York banking corporation ("JPMorgan
Chase"), CITICORP USA, INC., a Delaware corporation ("CUSA"),
BANK ONE, NA, a national banking corporation ("Bank One"), THE CIT
GROUP/BUSINESS CREDIT, INC., a New York corporation ("CIT Group"),
each of the other financial institutions from time to time party hereto
(together with JPMorgan Chase, CUSA, Bank One and CIT Group, the "Lenders"),
JPMORGAN CHASE BANK and CUSA, as co-administrative agents (together, the
"Agents") for the Lenders and JPMORGAN CHASE BANK, as paying agent
(in such capacity, the "Paying Agent") for the Lenders.

W I T N E S S E T H:

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

        WHEREAS, the Borrower
and the United States of America have agreed to enter into a Stipulation
for Settlement of Controversy Between the Debtors and the United States
of America (the "IRS Stipulation") in substantially the form attached
as Exhibit 1 hereto, pursuant to which, among other things, (x) the Borrower
expects to receive, upon the approval thereof by the Bankruptcy Court,
a tax refund from the Internal Revenue Service (the "IRS") in the
approximate amount of $365,000,000 in cash, (y) the IRS will withhold the
amount of $25,000,000 against which claims of the United States against
the Borrower may be offset and (z) the United States will be permitted
to setoff against such amount of $25,000,000 the amount of $3,200,000 as
a credit toward the satisfaction of claims arising out of the Debtors'
performance of certain subcontracts with the United States Air Force and
the amount of $687,500 in settlement of a claim by the United States Environmental
Protection Agency; and

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

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

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

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

""IRS Stipulation" shall mean that certain Stipulation for
Settlement of Controversy Between the Debtors and the United States of
America approved by the Bankruptcy Court in March 2003."

        3.     
Section 6.01 of the Credit Agreement is hereby amended by (i) deleting
the word "and" immediately following clause (xv) thereof and (ii) inserting
the following new clause (xvii) at the end thereof:
"; and (xvii) a Lien in favor of the United States of America arising
from the right of the Internal Revenue Service to effect a setoff or recoupment
against the sum of $25,000,000 withheld pursuant to the IRS Stipulation."

        4.     
Section 7.01(g) of the Credit Agreement is hereby amended in its entirety
to read as follows:
"(g) the Bankruptcy Court shall enter an order or orders granting
relief from the automatic stay applicable under Section 362 of the Bankruptcy
Code to the holder or holders of any security interest to permit foreclosure
(or the granting of a deed in lieu of foreclosure or the like) on any assets
of the Borrower or any of the Guarantors which have a value in excess of
$10,000,000 in the aggregate (it being understood that neither (i) the
relinquishment by the Borrower or Guarantors of Section 1110 Assets, or
the foreclosure of security interests in Section 1110 Assets (or in property
in the possession of the applicable secured party) as to which defaults
have not been cured pursuant to Section 1110 of the Bankruptcy Code nor
(ii) the grant of relief from the automatic stay to the United States of
America with respect to the sum of $25,000,000 withheld pursuant to the
IRS Stipulation to permit the payments contemplated by the IRS Stipulation,
shall be considered to be included in this paragraph); or"

        5.     
Section 7.01 (n) of the Credit Agreement is hereby amended by (i) deleting
the word "or" at the end of clause (ii) thereof and inserting a "," in
lieu thereof and (ii) inserting the following new clause (iv) at the thereof:
"(iv) pursuant to the IRS Stipulation out of the sum of $25,000,000
withheld pursuant to the IRS Stipulation."

        6.     
This Amendment shall not become effective until the date (the "Effective
Date") on which this Amendment shall have been executed by the Borrower,
the Guarantors and the Required Lenders, and the Agents shall have received
evidence satisfactory to it of such execution.
        7.     
Except to the extent hereby amended, the Credit Agreement and each of the
Loan Documents remain in full force and effect and are hereby ratified
and affirmed.

        8.     
The Borrower agrees that its obligations set forth in Section 10.05 of
the Credit Agreement shall extend to the preparation, execution and delivery
of this Amendment, including the reasonable fees and disbursements of special
counsel to the Agents.

        9.     
This Amendment shall be limited precisely as written and shall not be deemed
(a) to be a consent granted pursuant to, or a waiver or modification of,
any other term or condition of the Credit Agreement or any of the instruments
or agreements referred to therein or (b) to prejudice any right or rights
which the Agents or the Lenders may now have or have in the future under
or in connection with the Credit Agreement or any of the instruments or
agreements referred to therein. Whenever the Credit Agreement is referred
to in the Credit Agreement or any of the instruments, agreements or other
documents or papers executed or delivered in connection therewith, such
reference shall be deemed to mean the Credit Agreement as modified by this
Amendment.

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

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

[SIGNATURE PAGES TO FOLLOW]

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

BORROWER:
UNITED AIR LINES, INC.

By: /s/  Frederic F. Brace

                   
Name: Frederic F. Brace

Title: Executive Vice President & CFO

 

GUARANTOR:
UAL CORPORATION

By:  /s/  Frederic F. Brace

Name: Frederic F. Brace

Title: Executive Vice President & CFO

 

GUARANTOR:
UAL COMPANY SERVICES, INC.

By:  /s/  Frederic F. Brace

Name: Frederic F. Brace

Title: Vice President and Treasurer

 

GUARANTOR:
FOUR STAR LEASING, INC.

By:  /s/  Frederic F. Brace

Name: Frederic F. Brace

Title: President

 

GUARANTOR:
AIR WIS SERVICES, INC.

By:  /s/  Frederic F. Brace

Name: Frederic F. Brace

Title: President

 

GUARANTOR:
UAL BENEFITS MANAGEMENT, INC.

By:  /s/  Frederic F. Brace

Name: Frederic F. Brace

Title: President

 

GUARANTOR:

UAL LOYALTY SERVICES, INC.

By:  /s/  Steven M. Rasher

Name: Steven M. Rasher

Title: Senior Vice President,

        General Counsel & Secretary

 

GUARANTOR:
UNITED BIZ JET HOLDINGS, INC.

By:  /s/  Steven M. Rasher

Name: Steven M. Rasher

Title: Senior Vice President,                    
General Counsel & Secretary

 

GUARANTOR:
CONFETTI, INC.

By:  /s/  Steven M. Rasher

Name: Steven M. Rasher

Title: Senior Vice President, General Counsel & Secretary

 

 

GUARANTOR:
MILEAGE PLUS HOLDINGS, INC.

By:  /s/ Steven M. Rasher

Name:  Steven M. Rasher

Title:  Vice President, General Counsel &

          Secretary

 

 

GUARANTOR:
MYPOINTS.COM, INC.

By:  /s/ Steven M. Rasher

Name:  Steven M. Rasher

Title:  Senior Vice President, General Counsel & Secretary

 

 

GUARANTOR:
AIR WISCONSIN, INC.

By:  /s/ Frederic F. Brace

Name:  Frederic F. Brace

Title:  President

 

 

GUARANTOR:
DOMICILE MANAGEMENT SERVICES, INC.

By:  /s/ Francesca M. Maher

Name:  Francesca M. Maher

Title:  Vice President and Secretary

 

 

GUARANTOR:
BIZJET CHARTER, INC.

By:  /s/ Steven M. Rasher

Name:  Steven M. Rasher

Title:  Senior Vice President, General Counsel & Secretary

 

 

GUARANTOR:
BIZJET FRACTIONAL, INC.

By:  /s/ Steven M. Rasher

Name:  Steven M. Rasher

Title:  Senior Vice President, General Counsel & Secretary

 

 

GUARANTOR:
BIZJET SERVICES, INC.

By:  /s/ Steven M. Rasher

Name:  Steven M. Rasher

Title:  Senior Vice President, General Counsel & Secretary

 

 

GUARANTOR:
MILEAGE PLUS MARKETING, INC.

By:  /s/ Steven M. Rasher

Name:  Steven M. Rasher

Title:  Vice President, General Counsel &

          Secretary

 

 

GUARANTOR:
CYBERGOLD, INC.

By:  /s/ Steven M. Rasher

Name:  Steven M. Rasher

Title:  Senior Vice President, General Counsel & Secretary

 

 

GUARANTOR:
ITARGET.COM, INC.

By:  /s/ Steven M. Rasher

Name:  Steven M. Rasher

Title:  Senior Vice President, General Counsel & Secretary

 

 

GUARANTOR:
MYPOINTS OFFLINE SERVICES, INC.

By:  /s/ Steven M. Rasher

Name:  Steven M. Rasher

Title:  Senior Vice President, General Counsel & Secretary

 

 

GUARANTOR:
KION LEASING, INC.

By:  /s/ Frederic F. Brace

Name:  Frederic F. Brace

Title:  President

 

 

GUARANTOR:
PREMIER MEETING AND TRAVEL SERVICES, INC.

By:  /s/ Frederic F. Brace

Name:  Frederic F. Brace

Title:  Vice President and Treasurer

 

 

GUARANTOR:
UNITED AVIATION FUELS CORPORATION

By:  /s/ Frederic F. Brace

Name:  Frederic F. Brace

Title:  Vice President

 

 

GUARANTOR:
UNITED COGEN, INC.

By:  /s/ Francesca M. Maher

Name:  Francesca M. Maher

Title:  Vice President and Secretary

 

 

GUARANTOR:
MILEAGE PLUS, INC.

By:  /s/ Frederic F. Brace

Name:  Frederic F. Brace

Title:  Vice President

 

 

GUARANTOR:
UNITED GHS, INC.

By:  /s/ Frederic F. Brace

Name:  Frederic F. Brace

Title:  President

 

 

GUARANTOR:
UNITED WORLDWIDE CORPORATION

By:  /s/ Frederic F. Brace

Name:  Frederic F. Brace

Title:  President

 

 

GUARANTOR:
UNITED VACATIONS, INC.

By:  /s/ Frederic F. Brace

Name:  Frederic F. Brace

Title:  Vice President

 

 

LENDERS:
JPMORGAN CHASE BANK

By:  /s/ Matthew H. Massie

Name:  Matthew H. Massie

Title:  Managing Director

 

 

CITICORP USA, INC.
By:  /s/ James J. McCarthy

Name:  James J. McCarthy

Title:  Director & Vice President

 

 

BANK ONE, NA
By:  /s/ Patrick Farvel

Name:  Patrick Farvel

Title:  V.P.

 

 

THE CIT GROUP/BUSINESS CREDIT, INC.
By:  /s/ Alan Strauss

Name:  Alan Strauss

Title:  Vice President - Team Leader

 

 

ABLECO FINANCE LLC
By:  /s/ Kevin Genda

Name:  Kevin Genda

Title:  Senior Vice President and Chief

         Credit Officer

 

 

AURUM CLO 2002-1 LTD.
By: Columbia Management Advisors, Inc. (f/k/a Stein Roe & Farnham
Incorporated), As Investment Manager

By:  /s/ Kathleen A. Zarn

Name:  Kathleen A. Zarn

Title:  Senior Vice President

 

 

BANK OF LINCOLNWOOD
By:  /s/ Peter M. Guenzer

Name:  Peter M. Guenzer

Title:  Vice President

 

 

CASPIAN CAPITAL PARTNERS, LP
By:  /s/ Charles Howe II

Name:  Charles Howe II

Title:  Treasurer

 

 

CONNECTICUT GENERAL LIFE

INSURANCE COMPANY
By: CIGNA Investments, Inc.

By:  /s/ John P. Connor

Name:   John P. Connor

Title:  Vice President

 

 

FRANKLIN CLO II, LIMITED
By:  /s/ Richard D'Addario

Name:  Richard D'Addario

Title:  Senior Vice President

 

 

FRANKLIN CLO III, LIMITED
By:  /s/ Richard D'Addario

Name:  Richard D'Addario

Title:  Senior Vice President

 

 

FRANKLIN FLOATING RATE TRUST
By:  /s/ Richard D'Addario

Name:  Richard D'Addario

Title:  Vice President

 

 

GOLDMAN SACHS CREDIT PARTNERS, L.P.
By:  /s/ Sandra Stulberger

Name:  Sandra Stulberger

Title:  Authorized Signatory

 

 

LIBERTY FLOATING RATE ADVANTAGE FUND
By: Columbia Management Advisors, Inc. (f/k/a Stein Roe & Farnham
Incorporated), As Advisor

By:  /s/ Kathleen A. Zarn

Name:  Kathleen A. Zarn

Title:  Senior Vice President

 

 

MARINER LDC
By:  /s/ Charles Howe II

Name:  Charles Howe II

Title:  Treasurer

 

 

MARINER OPPORTUNITIES FUND, LP
By:  /s/ Charles Howe II

Name:  Charles Howe II

Title:  Treasurer

 

 

MARINER OPPORTUNITIES II, LP
By:  /s/ Charles Howe II

Name:  Charles Howe II

Title:  Treasurer

 

 

REGIMENT CAPITAL, LTD.
By: Regiment Capital Management, LLC

as its Investment Advisor

By: Regiment Capital Advisors, LLC

its Manager and pursuant to delegated authority

By:  /s/ Timothy S. Peterson

Name:  Timothy S. Peterson

Title:  President

 

 

SRF 2000 LLC
By:  /s/ Diana M. Himes

Name:  Diana M. Himes

Title:  Assistant Vice President

 

 

SPECIAL SITUATIONS INVESTING GROUP, INC.
By:  /s/ Michael Mansour

Name:  Michael Mansour

Title:  Authorized Signatory

 

 

STANWICH LOAN FUNDING LLC
By:  /s/ Diana M. Himes

Name:  Diana M. Himes

Title:  Assistant Vice President

 

 

STARK EVENT TRADING LTD.
By:  /s/ Michael A. Roth

Name:  Michael A. Roth

Title:  Managing Member of the

         Investment Manager
of

         Stark Event Trading
Ltd.

With immediate effect from February 18, 2003, Start Event Trading, Ltd.
Expressly requests that it not be provided with any non-public information
(including any non-public portions of the materials described in Section
5.01 of the Revolving Credit, Term Loan and Guarantee Agreement) relating
to Borrower or any Guarantor. Stark Event Trading Ltd. Reserves the right
to revoke this election by providing the Borrower with express written
notice of such revocation.

 

 

STONEHILL INSTITUTIONAL PARTNERS, L.P.
By:  /s/ Christopher Wilson

Name:  Christopher Wilson

Title:  General Partner

 

 

STEIN ROE FLOATING RATE

LIMITED LIABILITY COMPANY
By: Columbia Management Advisors, Inc. (f/k/a Stein Roe & Farnham
Incorporated), As Advisor

By:  /s/ Kathleen A. Zarn

Name:  Kathleen A. Zarn

Title:  Senior Vice President

 

 

TORONTO DOMINION (NEW YORK), INC.
By:  /s/ Susan K. Strong

Name:  Susan K. Strong

Title:  Vice President

 

 

TRILOGY PORTFOLIO CO., LLC
By:  /s/ Charles Howe II

Name:  Charles Howe II

Title:  Treasurer

 

 

FARALLON CAPITAL MANAGEMENT, LLC
By: [ILLEGIBLE]

Name:

Title:  Farallon Capital Management,   LLC, Manager

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}]]