Common use of Formula Clause in Contracts

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P+B)(L + M) - P Where: Pa = Airframe Price Adjustment. (For Model 717-200, 737-600, 737-700, 737-800 and 737-900, the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x ( ECI ----- ECIb )where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) M = .35 x ( ICI ----- ICIb )where ICIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 of this Purchase Agreement). B = 0.005 x (N/12) x (P) where N is the calendar month and year of scheduled Aircraft delivery minus the calendar month and year of the Base Price Year, both as shown in Table 1 of this Purchase Agreement. ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Employment Cost Index for workers in aerospace manufacturing - Wages and Salaries" (ECI code 3721W), calculated by establishing a three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the fifth, sixth and seventh months prior to the month of scheduled delivery of the applicable Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the month of March will be used for the months of January and February; the value for June used for April and May; the value for September used for July and August; and the value for December used for October and November. ICI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Producer Prices and Price Index - Industrial Commodities Index ", calculated as a 3-month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 5th, 6th and 7th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of January, the months June, July and August of the preceding year will be utilized in determining the value of ECI and ICI.

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P+B)(L + M) - P **** Where: Pa = Airframe Price Adjustment. (For Model 717-200, 737-600, 737-700, 737-800 and 737-900, the Airframe Price includes the Engine Price at its basic thrust level.) L **** P = .65 x ( ECI ----- ECIb )where **** **** **** **** Where: ECIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement) M = .35 x ( ICI ----- ICIb )where ICIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 of this Purchase Agreement). B = 0.005 x (N/12) x (P) where N is the calendar month and year of scheduled Aircraft delivery minus the calendar month and year of the Base Price Year, both as shown in Table 1 of this Purchase Agreement. ; ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Statistics, Employment Cost Index for workers in aerospace manufacturing - Wages and Salaries" NAICS Manufacturing – Total Compensation (ECI code 3721WBLS Series ID CIU2013000000000I), calculated by establishing a three-three (3) month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the fifth11th, sixth 12th, and seventh 13th months prior to the month of scheduled delivery of the applicable Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the month of March first quarter will be used for the months of January January, February, and FebruaryMarch; the value released for June the second quarter will be used for April the months of April, May, and MayJune; the value released for September the third quarter will be used for July the months of July, August, and AugustSeptember; the value released for the fourth quarter will be used for the months of October, November, and December. M = **** **** **** Where: CPIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement); and the value for December used for October and November. ICI CPI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Producer Prices and Statistics, Consumer Price Index - Industrial Commodities Index "– All Urban Consumers (BLS Series ID CUUR0000SA0), calculated as a three (3-) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 5th11th, 6th 12th, and 7th 13th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of JanuaryJuly, the months of June, July July, and August of the preceding year will be utilized in determining the value of ECI and ICICPI. Note: (i) In determining the values of L and M, all calculations and resulting values will be expressed as a decimal rounded to the nearest ten-thousandth. (iv) The **** (base year indices) are the actual average values reported by the U.S. Department of Labor, Bureau of Labor Statistics. The actual average values are calculated as a three (3) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th, and 13th months prior to the airframe base year. The applicable base year and corresponding denominator is provided by Boeing in Table 1 of this Purchase Agreement. (v) The final value of Pa will be rounded to the nearest dollar. (vi) The Airframe Price Adjustment will not be made if it will result in a decrease in the Aircraft Basic Price.

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P+B)(L + M) - P Where: Pa = Airframe Price Adjustment. (For Model 717-200, 737-600, 737-700, 737-800 and 737-900, the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x ( ECI ----- ECIb )where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) M = .35 x ( ICI ----- ICIb )where ICIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 of this Purchase Agreement). B = 0.005 x (N/12) x (P) where P)where N is the calendar month and year of scheduled Aircraft delivery minus the calendar month and year of the Base Price Year, both as shown in Table 1 of this Purchase Agreement. ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Employment Cost Index for workers in aerospace manufacturing - Wages and Salaries" (ECI code 3721W), calculated by establishing a three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the fifth, sixth and seventh months prior to the month of scheduled delivery of the applicable Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the month of March will be used for the months of January and February; the value for June used for April and May; the value for September used for July and August; and the value for December used for October and November. ICI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Producer Prices and Price Index - Industrial Commodities Index ", calculated as a 3-month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 5th, 6th and 7th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of January, the months June, July and August of the preceding year will be utilized in determining the value of ECI and ICI.

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P+B)(L P)(L + MM - 1) - P Where: Pa = Airframe Price Adjustment. (For Model 717-200, 737-600, 737-700, 737-800 and 737-900, the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x ( ECI ----- ECIb )where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) 130.1 M = .35 x ( ICI ----- ICIb )where ICIb is the base year index (as set forth in Table 1 of this Purchase Agreement) 123.6 P = Airframe Price plus Optional Features Aircraft Basic Price (as set forth in Table 1 Article 3.2 of this Purchase Agreement). B = 0.005 x ) less the base price of Engines (N/12as defined in this Exhibit D) x (P) where N is in the calendar month and year amount of scheduled Aircraft delivery minus the calendar month and year of the Base Price Year, both as shown in Table 1 of this Purchase Agreement$[Confidential Treatment Requested]. ECI is a = A value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Employment Cost Index for workers in aerospace manufacturing - Wages and Salariesmanufacturing" (ECI aircraft manufacturing, standard industrial classification code 3721W3721, compensation, base month and year June 1989 = 100), as released by the Bureau of Labor Statistics, U.S. Department of Labor on a quarterly basis for the months of March, June, September and December, calculated by establishing a as follows: A three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) will be determined using the values months set forth in the table below for the fifth, sixth and seventh months prior to the month of scheduled delivery of the applicable Aircraft. As , with the released Employment Cost Index values are only released on a quarterly basis, the value released described above for the month of March will be also being used for the months of January and February; the value for June also used for April and May; the value for September also used for July and August; and the value for December also used for October and November. ICI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Producer Prices and Price Index - Industrial Commodities Index ", calculated as a 3= The three-month arithmetic average of the released monthly values for the Industrial Commodities Index as set forth in the "Producer Prices and Price Index" (Base Year 1982 = 100) as released by the Bureau of Labor Statistics, U.S. Department of Labor values (expressed as a decimal and rounded to the nearest tenth) using the values for the 5th, 6th and 7th months prior to set forth in the month of scheduled delivery of table below for the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of January, the months June, July and August of the preceding year will be utilized in In determining the value of L, the ratio of ECI divided by 130.1 will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .65 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. In determining the value of M, the ratio of ICI divided by 123.6 will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .35 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. Months to be Utilized Month of Scheduled in Determining the Aircraft Delivery Value of ECI and ICIICI January June B, July B, Aug. B February July B, Aug. B, Sept. B March Aug. B, Sept. B, Oct. B April Sept. B, Oct. B, Nov. B May Oct. B, Nov. B, Dec. B June Nov. B, Dec. B, Jan. D July Dec. B, Jan. D, Feb. D August Jan. D, Feb. D, Mar. D September Feb. D, Mar. D, Apr. D October Mar. D, Apr. D, May D November Apr. D, May D, June D December May D, June D, July D The following definitions of B and D will apply: B = The calendar year before the year in which the scheduled month of delivery as set forth in Article 2.1 occurs.

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P+B)(L P) (L + M) - P Where: Pa = Airframe Price Adjustment. (For Model Models 717-200, 737-600, 737-700, 737-800 and 800, 737-900, 777-200LR and 777-300ER the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x ( (ECI ----- ECIb )) where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) M = .35 x ( ICI ----- ICIb )(CPI CPIb) where ICIb CPIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 of this Purchase Agreement). B = 0.005 x (N/12) x (P) where N is the calendar month and year of scheduled Aircraft delivery minus the calendar month and year of the Base Price Year, both as shown in Table 1 of this Purchase Agreement. ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Employment Cost Index for workers in aerospace manufacturing - Wages and Salaries" Manufacturing – Total Compensation (ECI code 3721WBLS Series ID ECU12402I), calculated by establishing a three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the fifth11th, sixth 12th and seventh 13th months prior to the month of scheduled delivery of the applicable Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the month of March first quarter will be used for the months of January January, February and FebruaryMarch; the value released for June the second quarter will be used for April the months of April, May and MayJune; the value released for September the third quarter will be used for July the months of July, August and AugustSeptember; and the value released for December the fourth quarter will be used for October the months of October, November and NovemberDecember. ICI CPI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Producer Prices and Consumer Price Index - Industrial Commodities Index "(BLS Series ID CUUR0000SA0), calculated as a 3-month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 5th11th, 6th 12th and 7th 13th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of JanuaryJuly, the months June, July and August of the preceding year will be utilized in determining the value of ECI and ICICPI.

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P+B)(L + M) - P **** Where: Pa = Airframe Price Adjustment. (For Model 717-200, 737-600, 737-700, 737-800 and 737-900, the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x ( ECI ----- ECIb )where **** **** **** **** **** Where: ECIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement) M = .35 x ( ICI ----- ICIb )where ICIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 of this Purchase Agreement). B = 0.005 x (N/12) x (P) where N is the calendar month and year of scheduled Aircraft delivery minus the calendar month and year of the Base Price Year, both as shown in Table 1 of this Purchase Agreement. ; ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Statistics, Employment Cost Index for workers in aerospace manufacturing - Wages and Salaries" NAICS Manufacturing – Total Compensation (ECI code 3721WBLS Series ID CIU2013000000000I), calculated by establishing a three-three (3) month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the fifth11th, sixth 12th, and seventh 13th months prior to the month of scheduled delivery of the applicable Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the month of March first quarter will be used for the months of January January, February, and FebruaryMarch; the value released for June the second quarter will be used for April the months of April, May, and MayJune; the value released for September the third quarter will be used for July the months of July, August, and AugustSeptember; the value released for the fourth quarter will be used for the months of October, November, and December. **** **** **** Where: CPIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement); and the value for December used for October and November. ICI CPI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Producer Prices and Statistics, Consumer Price Index - Industrial Commodities Index "– All Urban Consumers (BLS Series ID CUUR0000SA0), calculated as a three (3-) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 5th11th, 6th 12th, and 7th 13th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of JanuaryJuly, the months of June, July July, and August of the preceding year will be utilized in determining the value of ECI and ICICPI. Note: (i) In determining the values of L and M, all calculations and resulting values will be expressed as a decimal rounded to the nearest ten-thousandth. (iv) The **** (base year indices) are the actual average values reported by the U.S. Department of Labor, Bureau of Labor Statistics. The actual average values are calculated as a three (3) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th, and 13th months prior to the airframe base year. The applicable base year and corresponding denominator is provided by Boeing in Table 1 of this Purchase Agreement. (v) The final value of Pa will be rounded to the nearest dollar. (vi) The Airframe Price Adjustment will not be made if it will result in a decrease in the Aircraft Basic Price.

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P+B)(L + M) - P **** Where: Pa = Airframe Price Adjustment. (For Model 717-200, 737-600, 737-700, 737-800 and 737-900, the Airframe Price includes the Engine Price at its basic thrust level.) L **** P = .65 x ( ECI ----- ECIb )where **** **** **** **** Where: ECIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement) M = .35 x ( ICI ----- ICIb )where ICIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 of this Purchase Agreement). B = 0.005 x (N/12) x (P) where N is the calendar month and year of scheduled Aircraft delivery minus the calendar month and year of the Base Price Year, both as shown in Table 1 of this Purchase Agreement. ; ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Statistics, Employment Cost Index for workers in aerospace manufacturing - Wages and Salaries" NAICS Manufacturing – Total Compensation (ECI code 3721WBLS Series ID CIU2013000000000I), calculated by establishing a three-three (3) month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the fifth11th, sixth 12th, and seventh 13th months prior to the month of scheduled delivery of the applicable Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the month of March first quarter will be used for the months of January January, February, and FebruaryMarch; the value released for June the second quarter will be used for April the months of April, May, and MayJune; the value released for September the third quarter will be used for July the months of July, August, and AugustSeptember; the value released for the fourth quarter will be used for the months of October, November, and December. M = **** Where: CPIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement); and the value for December used for October and November. ICI VLS-PA-03814-AE1 AE1 Page 1 CPI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Producer Prices and Statistics, Consumer Price Index - Industrial Commodities Index "– All Urban Consumers (BLS Series ID CUUR0000SA0), calculated as a three (3-) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 5th11th, 6th 12th, and 7th 13th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of JanuaryJuly, the months of June, July July, and August of the preceding year will be utilized in determining the value of ECI and ICICPI. Note: (i) In determining the values of L and M, all calculations and resulting values will be expressed as a decimal rounded to the nearest ten-thousandth. (iv) The **** (base year indices) are the actual average values reported by the U.S. Department of Labor, Bureau of Labor Statistics. The actual average values are calculated as a three (3) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th, and 13th months prior to the airframe base year. The applicable base year and corresponding denominator is provided by Boeing in Table 1 of this Purchase Agreement. (v) The final value of Pa will be rounded to the nearest dollar. (vi) The Airframe Price Adjustment will not be made if it will result in a decrease in the Aircraft Basic Price.

Formula. Airframe Base Aircraft Price and Optional Special Features price adjustments (Airframe Aircraft Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Aircraft Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P+B)(L P) (L + M) - P Where: Pa = Airframe Aircraft Price Adjustment. (For Model 717-200, Models 737-600, 737-700, 737-800 and 800, 737-900, 737-900ER 747-8, 777-200LR, 777-F, and 777-300ER the Airframe Base Aircraft Price includes the Engine Price engine price at its basic thrust level.) P = Base Aircraft Price plus the price of the Special Features (as set forth in Tables 1a and 1b of this Purchase Agreement). L = .65 x ( (ECI ----- ECIb )where ECIb) Where: ECIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement) M = .35 x ( ICI ----- ICIb )where ICIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 Tables 1a and 1b of this Purchase Agreement). B = 0.005 x (N/12) x (P) where N is the calendar month and year of scheduled Aircraft delivery minus the calendar month and year of the Base Price Year, both as shown in Table 1 of this Purchase Agreement. ; ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Statistics, Employment Cost Index for workers in aerospace manufacturing - Wages and Salaries" NAICS Manufacturing – Total Compensation (ECI code 3721WBLS Series ID CIU2013000000000I), calculated by establishing a three-three (3) month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the fifth11th, sixth 12th, and seventh 13th months prior to the month of scheduled delivery of the applicable Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the month of March first quarter will be used for the months of January January, February, and FebruaryMarch; the value released for June the second quarter will be used for April the months of April, May, and MayJune; the value released for September the third quarter will be used for July the months of July, August, and AugustSeptember; and the value released for December the fourth quarter will be used for October and November. ICI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Producer Prices and Price Index - Industrial Commodities Index ", calculated as a 3-month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 5th, 6th and 7th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of January, the months Juneof October, July November, and August of the preceding year will be utilized in determining the value of ECI and ICI.December. M = .35 x (CPI CPIb)

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P+B)(L + M) - P Where: Pa = Airframe Price Adjustment. (For Model 717-200, 737-600, 737-700, 737-800 and 737-900, the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x ( ECI ----- ECIb )where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) M = .35 x ( ICI ----- ICIb )where ICIb is the base year index (as set forth in Table 1 of this Purchase Agreement) [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] P = Airframe Price plus Optional Features Aircraft Basic Price (as set forth in Table 1 Article 3.2 of this Purchase Agreement). B = 0.005 x ) less the base price of Engines (N/12as defined in this Exhibit D) x (P) where N is in the calendar month and year amount of scheduled Aircraft delivery minus the calendar month and year of the Base Price Year, both as shown in Table 1 of this Purchase Agreement[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]. ECI is a = A value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Employment Cost Index for workers in aerospace manufacturing - Wages and Salariesmanufacturing" (ECI aircraft manufacturing, standard industrial classification code 3721W3721, compensation, base month and year June 1989 = 100), as released by the Bureau of Labor Statistics, U.S. Department of Labor on a quarterly basis for the months of March, June, September and December, calculated by establishing a as follows: A three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) will be determined using the values months set forth in the table below for the fifth, sixth and seventh months prior to the month of scheduled delivery of the applicable Aircraft. As , with the released Employment Cost Index values are only released on a quarterly basis, the value released described above for the month of March will be also being used for the months of January and February; the value for June also used for April and May; the value for September also used for July and August; and the value for December also used for October and November. ICI is a value determined using 1783-10R1 October 27, 1996 Continental Airlines, Inc. 2929 Allen Parkway Houston, Texas 77019 Subject: Xxxxxx Xxxxxxxxx No. 1783-10R1 to Purchase Agreement No. 1783 - Option Aircraft This Letter Agreement amends Purchase Agreement No. 1783 dated March 18, 1993 (the U.S. Department Purchase Agreement) between THE BOEING COMPANY (Boeing) and CONTINENTAL AIRLINES, INC. (Buyer) relating to Model 757-224 aircraft (Aircraft). This Letter Agreement supersedes and replaces in its entirety Letter Agreement 1783-10. All terms used and not defined herein shall have the same meaning as in the Purchase Agreement. In consideration of Labor, Bureau of Labor Statistics "Producer Prices and Price Index - Industrial Commodities Index ", calculated as a 3-month arithmetic average Buyer's purchase of the released monthly values (expressed Aircraft, Boeing hereby agrees to manufacture and sell up to [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] to Buyer, on the same terms and conditions set forth in the Purchase Agreement, except as a decimal otherwise described in Attachment A hereto, and rounded subject to the nearest tenth) using the values for the 5th, 6th terms and 7th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of January, the months June, July and August of the preceding year will be utilized in determining the value of ECI and ICIconditions set forth below.

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P+B)(L P)(L + MM - 1) - P Where: Pa = Airframe Price Adjustment. (For Model 717-200, 737-600, 737-700, 737-800 and 737-900, the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x ( ECI ----- ECIb )where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A M = .35 x ( ICI ----- ICIb )where ICIb is the base year index (as set forth in Table 1 of this Purchase Agreement) REQUEST FOR CONFIDENTIAL TREATMENT] P = Airframe Price plus Optional Features Aircraft Basic Price (as set forth in Table 1 Article 3.2 of this Purchase Agreement). B = 0.005 x ) less the base price of Engines (N/12as defined in this Exhibit D) x (P) where N is in the calendar month and year amount of scheduled Aircraft delivery minus the calendar month and year of the Base Price Year, both as shown in Table 1 of this Purchase Agreement$+ . ECI is a = A value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Employment Cost Index for workers in aerospace manufacturing - Wages and Salariesmanufacturing" (ECI aircraft manufacturing, standard industrial classification code 3721W3721, compensation, base month and year June 1989 = 100), as released by the Bureau of Labor Statistics, U.S. Department of Labor on a quarterly basis for the months of March, June, September and December, calculated by establishing a as follows: A three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) will be determined using the values months set forth in the table below for the fifth, sixth and seventh months prior to the month of scheduled delivery of the applicable Aircraft. As , with the released Employment Cost Index values are only released on a quarterly basis, the value released described above for the month of March will be also being used for the months of January and February; the value for June also used for April and May; the value for September also used for July and August; and the value for December also used for October and November. ICI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Producer Prices and Price Index - Industrial Commodities Index ", calculated as a 3= The three-month arithmetic average of the released monthly values for the Industrial Commodities Index as set forth in the "Producer Prices and Price Index" (Base Year 1982 = 100) as released by the Bureau of Labor Statistics, U.S. Department of Labor values (expressed as a decimal and rounded to the nearest tenth) using the values for the 5th, 6th and 7th months prior to set forth in the month of scheduled delivery of table below for the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of January, the months June, July and August of the preceding year will be utilized in In determining the value of L, the ratio of ECI divided by [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. In determining the value of M, the ratio of ICI divided by [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. Months to be Utilized Month of Scheduled in Determining the Aircraft Delivery Value of ECI and ICIICI January June B, July B, Aug. B February July B, Aug. B, Sept. B March Aug. B, Sept. B, Oct. B April Sept. B, Oct. B, Nov. B May Oct. B, Nov. B, Dec. B June Nov. B, Dec. B, Jan. D July Dec. B, Jan. D, Feb. D August Jan. D, Feb. D, Mar. D September Feb. D, Mar. D, Apr. D October Mar. D, Apr. D, May D November Apr. D, May D, June D December May D, June D, July D The following definitions of B and D will apply: B = The calendar year before the year in which the scheduled month of delivery as set forth in Article 2.1 occurs.

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P+B)(L P) (L + M) - P Where: Pa = Airframe Price Adjustment. (For Model 717-200, Models 737-600, 737-700, 737-800 and 800, 737-900, 737-900ER 747-8, 777-200LR, 777-F, and 777-300ER the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x ( ECI ----- ECIb )where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) M = .35 x ( ICI ----- ICIb )where ICIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Airframe Price plus the price of the Optional Features Price (as set forth in Table 1 of this Purchase Agreement). B L = 0.005 .65 x (N/12ECI ECIb) x (P) where N Where: ECIb is the calendar month and base year of scheduled Aircraft delivery minus the calendar month and year of the Base Price Year, both airframe escalation index (as shown set forth in Table 1 of this Purchase Agreement. ); ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Statistics, Employment Cost Index for workers in aerospace manufacturing - Wages and Salaries" NAICS Manufacturing – Total Compensation (ECI code 3721WBLS Series ID CIU2013000000000I), calculated by establishing a three-three (3) month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the fifth11th, sixth 12th, and seventh 13th months prior to the month of scheduled delivery of the applicable Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the month of March first quarter will be used for the months of January January, February, and FebruaryMarch; the value released for June the second quarter will be used for April the months of April, May, and MayJune; the value released for September the third quarter will be used for July the months of July, August, and AugustSeptember; the value released for the fourth quarter will be used for the months of October, November, and December. M = .35 x (CPI CPIb) Where: CPIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement); and the value for December used for October and November. ICI CPI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Producer Prices and Statistics, Consumer Price Index - Industrial Commodities Index "– All Urban Consumers (BLS Series ID CUUR0000SA0), calculated as a three (3-) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 5th11th, 6th 12th , and 7th 13th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of JanuaryJuly, the months of June, July July, and August of the preceding year will be utilized in determining the value of ECI and ICICPI. Note: (i) In determining the values of L and M, all calculations and resulting values will be expressed as a decimal rounded to the nearest ten-thousandth. (ii) 65 is the numeric ratio attributed to labor in the Airframe Price Adjustment formula. (iii) 35 is the numeric ratio attributed to materials in the Airframe Price Adjustment formula. (iv) The denominators (base year indices) are the actual average values reported by the U.S. Department of Labor, Bureau of Labor Statistics. The actual average values are calculated as a three (3) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th, and 13th months prior to the airframe base year. The applicable base year and corresponding denominator is provided by Boeing in Table 1 of this Purchase Agreement. (v) The final value of Pa will be rounded to the nearest dollar. (vi) The Airframe Price Adjustment will not be made if it will result in a decrease in the Aircraft Basic Price.

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) ); are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement the applicable purchase agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft aircraft delivery in accordance with the following formula: Pa P(a) = (P+B)(L + M) - P Where: Pa : (a) = Airframe Price Adjustment. (For Model 717-200, 737-600, 737-700, 737-800 and 737-900, the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x ( ECI ----- ECIb )where ECIb ECI(b) is the base year index (as set --- forth in Table 1 of this Purchase Agreementthe applicable purchase ECI(b) agreement) M = .35 x ( ICI ----- ICIb )where ICIb ICI(b) is the base year index (as set --- forth in Table 1 of this Purchase Agreementthe applicable purchase ICI(b) agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 of this Purchase Agreementthe applicable purchase agreement). B = 0.005 x (N/12) x (P) where N is the calendar month and year of scheduled Aircraft delivery minus the calendar month and year of the Base Price Year, both as shown in Table 1 of this Purchase Agreement. ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Employment Cost Index for workers in aerospace manufacturing - Wages and Salaries" (ECI code 3721W), calculated by establishing a three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the fifth, sixth and seventh months prior to the month of scheduled delivery of the applicable Aircraftaircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the month of March will be used for the months of January and February; the value for June used for April and May; the value for September used for July and August; and the value for December used for October and November. ICI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Producer Prices and Price Index - Industrial Commodities Index ", calculated as a 3-month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 5th, 6th and 7th months prior to the month of scheduled delivery of the applicable Aircraftaircraft. As an example, for an Aircraft aircraft scheduled to be delivered in the month of January, the months June, July and August of the preceding year will be utilized in determining the value of ECI and ICI.

Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P+B)(L + M) - P Where: Pa = Airframe Price Adjustment. (For Model Models 717-200, 737-600, 737-700, 737-800 and 800, 737-900, 777-200X and 777-300X the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x ( ECI ----- ECIb )) where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) M = .35 x ( ICI ----- ICIb )) where ICIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 of this Purchase Agreement). B = 0.005 x (N/12) x (P) where N is the number of calendar months which have elapsed from the Airframe Price Base Year and Month up to and including the month and year of scheduled Aircraft delivery minus the calendar month and year of the Base Price Yeardelivery, both as shown in Table 1 of this the Purchase Agreement. The entire calculation of 0.005 X (N/12) will be rounded to 4 places, and the final value of B will be rounded to the nearest dollar. ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "“Employment Cost Index for workers in aerospace aircraft manufacturing - Wages and Salaries" ” (ECI code 3721W3721), calculated by establishing a three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the fifth, sixth and seventh months prior to the month of scheduled delivery of the applicable Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the month of March will be used for the months of January and February; the value for June used for April and May; the value for September used for July and August; and the value for December used for October and November. ICI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "“Producer Prices and Price Index - Industrial Commodities Index "“, calculated as a 3-month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 5th, 6th and 7th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of January, the months June, July and August of the preceding year will be utilized in determining the value of ECI and ICI. i. In determining the values of L and M, all calculations and resulting values will be expressed as a decimal rounded to the nearest ten-thousandth. ii. 65 is the numeric ratio attributed to labor in the Airframe Price Adjustment formula. iii. 35 is the numeric ratio attributed to materials in the Airframe Price Adjustment formula. iv. The denominators (base year indices) are the actual average values reported by the U.S. Department of Labor, Bureau of Labor Statistics (base year June 1989 = 100). The applicable base year and corresponding denominator is provided by Boeing in Table 1 of this Purchase Agreement. v. The final value of Pa will be rounded to the nearest dollar. vi. The Airframe Price Adjustment will not be made if it will result in a decrease in the Aircraft Basic Price.