DISTRIBUTION AGREEMENTDistribution Agreement • December 1st, 2008 • Ual Corp /De/ • Air transportation, scheduled • New York
UAL Corporation, a Delaware corporation (the “Company”), confirms its agreement with J.P. Morgan Securities Inc., as agent and/or principal under any Terms Agreement (as defined in Section 1(a) below) (“you” or “JPMS”) with respect to the issuance and sale from time to time by the Company, in the manner and subject to the terms and conditions described below (this “Agreement”), of shares (the “Shares”) of common stock, $0.01 par value per share (the “Common Stock”), of the Company having an aggregate Gross Sales Price (as defined in Section 2(b) below) of up to $200,000,000 (the “Maximum Amount”) on the terms set forth in Section 1 of this Agreement. The Shares are described in the Prospectus referred to below. Notwithstanding the foregoing, in no event shall the aggregate number of the Shares sold pursuant to this Agreement, any Terms Agreement, the Alternative Distribution Agreement (as defined below) and any Alternative Terms Agreement (as defined in Section 1(a) below) exceed 32,20
DISTRIBUTION AGREEMENTDistribution Agreement • December 1st, 2008 • Ual Corp /De/ • Air transportation, scheduled • New York
UAL Corporation, a Delaware corporation (the “Company”), confirms its agreement with Morgan Stanley & Co. Incorporated, as agent and/or principal under any Terms Agreement (as defined in Section 1(a) below) (“you” or “MS”) with respect to the issuance and sale from time to time by the Company, in the manner and subject to the terms and conditions described below (this “Agreement”), of shares (the “Shares”) of common stock, $0.01 par value per share (the “Common Stock”), of the Company having an aggregate Gross Sales Price (as defined in Section 2(b) below) of up to $200,000,000 (the “Maximum Amount”) on the terms set forth in Section 1 of this Agreement. The Shares are described in the Prospectus referred to below. Notwithstanding the foregoing, in no event shall the aggregate number of the Shares sold pursuant to this Agreement, any Terms Agreement, the Alternative Distribution Agreement (as defined below) and any Alternative Terms Agreement (as defined in Section 1(a) below) exceed 3
