UNITED AIRLINES HOLDINGS, INC. 39,250,000 Shares Common Stock, Par Value $0.01 per Share UNDERWRITING AGREEMENTUnderwriting Agreement • April 24th, 2020 • United Airlines, Inc. • Air transportation, scheduled • New York
United Airlines Holdings, Inc., a Delaware corporation (the “Company”), proposes to issue and sell to the several underwriters named in Schedule I hereto (the “Underwriters”), for whom Morgan Stanley & Co. LLC (“Morgan Stanley”) and Barclays Capital Inc. (“Barclays”) are acting as representatives (the “Representatives”), an aggregate of 39,250,000 of newly-issued shares (the “Initial Shares”) of common stock, par value $0.01 per share (the “Common Stock”), of the Company at a purchase price to the Underwriters of $25.805 per share (the “Purchase Price”). In addition, the Company wishes to grant the Underwriters the option described in Section 2(b) hereof to purchase all or any part of an additional 3,925,000 shares of Common Stock (the “Option Shares”), at the Purchase Price. The Initial Shares, together with all or any part of the Option Shares, are collectively hereinafter called the “Shares.” The Company also agrees the obligation of the Underwriters to purchase the Shares under thi
