<SEC-DOCUMENT>0001104659-24-050332.txt : 20240423
<SEC-HEADER>0001104659-24-050332.hdr.sgml : 20240423
<ACCEPTANCE-DATETIME>20240423073009
ACCESSION NUMBER:		0001104659-24-050332
CONFORMED SUBMISSION TYPE:	8-A12B/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20240423
DATE AS OF CHANGE:		20240423

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			United Airlines Holdings, Inc.
		CENTRAL INDEX KEY:			0000100517
		STANDARD INDUSTRIAL CLASSIFICATION:	AIR TRANSPORTATION, SCHEDULED [4512]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				362675207
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-A12B/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06033
		FILM NUMBER:		24862693

	BUSINESS ADDRESS:	
		STREET 1:		E. ANNA HA - WHQLD
		STREET 2:		233 SOUTH WACKER DRIVE
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		872-825-4000

	MAIL ADDRESS:	
		STREET 1:		E. ANNA HA - WHQLD
		STREET 2:		233 SOUTH WACKER DRIVE
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	United Continental Holdings, Inc.
		DATE OF NAME CHANGE:	20100930

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UAL CORP /DE/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALLEGIS CORP
		DATE OF NAME CHANGE:	19880613
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-A12B/A
<SEQUENCE>1
<FILENAME>tm2412418d1_8a12b.htm
<DESCRIPTION>FORM 8-A12B/A
<TEXT>
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     <TITLE></TITLE>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;8-A/A<BR>
(Amendment No.&nbsp;2)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES<BR>
PURSUANT TO SECTION&nbsp;12(b)&nbsp;OR 12(g)&nbsp;OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 23%; padding: 0.25pt 5.65pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 56%; border-bottom: black 1pt solid; padding: 0.25pt 5.65pt 0.5pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>UNITED AIRLINES HOLDINGS,&nbsp;INC.</B></FONT></TD>
    <TD STYLE="width: 21%; padding: 0.25pt 5.65pt; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%; border-bottom: black 1pt solid; padding: 0.25pt 5.65pt 0.5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="width: 10%; padding: 0.25pt 5.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 30%; border-bottom: black 1pt solid; padding: 0.25pt 5.65pt 0.5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>36-2675207</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 5.65pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(State or other jurisdiction of incorporation or organization)</FONT></TD>
    <TD STYLE="padding: 0.25pt 5.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 5.65pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(IRS Employer <BR>
Identification No.)&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 5.65pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 5.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 5.65pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 5.65pt 0.5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>233 S. Wacker Drive, Chicago,&nbsp;IL</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 5.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 5.65pt 0.5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>60606</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 5.65pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Address of principal executive offices)</FONT></TD>
    <TD STYLE="padding: 0.25pt 5.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 5.65pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Zip Code)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Securities to be registered pursuant to Section&nbsp;12(b)&nbsp;of
the Act:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; border-bottom: black 1pt solid; padding: 0.25pt 5.65pt 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title of each class <BR>
to be so registered</FONT></TD>
    <TD STYLE="width: 16%; padding: 0.25pt 5.65pt">&nbsp;</TD>
    <TD STYLE="width: 44%; border-bottom: black 1pt solid; padding: 0.25pt 5.65pt 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name of each exchange on which <BR>
each class is to be registered</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 5.65pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Preferred Stock Purchase Rights</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 5.65pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 5.65pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>The NASDAQ Stock Market LLC</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
this form relates to the registration of a class of securities pursuant to Section&nbsp;12(b)&nbsp;of the Exchange Act and is effective
pursuant to General Instruction A.(c)&nbsp;or (e), check the following box. <FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
this form relates to the registration of a class of securities pursuant to Section&nbsp;12(g)&nbsp;of the Exchange Act and is effective
pursuant to General Instruction A.(d)&nbsp;or (e), check the following box. <FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
this form relates to the registration of a class of securities concurrently with a Regulation A offering, check the following box. <FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities Act registration statement or Regulation A offering statement
file number to which this form relates: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
(if applicable)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities to be registered pursuant to Section&nbsp;12(g)&nbsp;of
the Act:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding: 0.25pt 5.65pt">&nbsp;</TD>
    <TD STYLE="width: 34%; border-bottom: black 1pt solid; padding: 0.25pt 5.65pt 0.5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">None</FONT></TD>
    <TD STYLE="width: 33%; padding: 0.25pt 5.65pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 5.65pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 5.65pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Title of class)</FONT></TD>
    <TD STYLE="padding: 0.25pt 5.65pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><B>Item 1. Description of Registrant&rsquo;s
Securities To Be Registered.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This Form&nbsp;8-A/A further amends the registration
statement on Form&nbsp;8-A filed by United Airlines Holdings,&nbsp;Inc. (the &ldquo;Company&rdquo;) with the Securities and Exchange Commission
on December&nbsp;7, 2020, and as amended on December&nbsp;4, 2023, relating to preferred stock purchase rights under the Tax Benefits
Preservation Plan, dated as of December&nbsp;4, 2020 and as amended as of January&nbsp;21, 2021 and December&nbsp;4, 2023 (the &ldquo;Plan&rdquo;),
by and between the Company and Computershare Trust Company, N.A., as rights agent (the &ldquo;Rights Agent&rdquo;). The Plan, the purpose
of which is to help protect the Company&rsquo;s ability to recognize certain tax benefits in future periods from net operating losses
and other tax attributes, was originally entered into on December&nbsp;4, 2020 and was scheduled to expire at the Close of Business (as
defined in the Plan) on December&nbsp;4, 2023. On January&nbsp;21, 2021, the Company and the Rights Agent entered into that certain Amendment
No.&nbsp;1 to Tax Benefits Preservation Plan (&ldquo;Amendment No.&nbsp;1&rdquo;), which added that certain Warrant Agreement, dated as
of January&nbsp;15, 2021, by and between the Company and the United States Department of the Treasury to the definition of &ldquo;Warrant
Agreements&rdquo; under the Plan. On December&nbsp;4, 2023, the Company and the Rights Agent entered into that certain Amendment No.&nbsp;2
to Tax Benefits Preservation Plan (&ldquo;Amendment No.&nbsp;2&rdquo;), which (i)&nbsp;added that certain Warrant Agreement, dated as
of April&nbsp;29, 2021, by and between the Company and the United States Department of the Treasury to the definition of &ldquo;Warrant
Agreements&rdquo; under the Plan, (ii)&nbsp;extended the expiration time to the Close of Business on December&nbsp;4, 2026 (subject to
other earlier termination events, including if stockholder approval of the Plan, as amended, has not been obtained at the Company&rsquo;s
2024 annual meeting of stockholders) and (iii)&nbsp;changed the exercise price for each one one-thousandth of a share of Series&nbsp;A
Junior Participating Serial Preferred Stock from $250.00 to $200.00 (and made other conforming changes to the Plan). On April&nbsp;22,
2024, the Company and the Rights Agent entered into that certain Amendment No.&nbsp;3 to Tax Benefits Preservation Plan (&ldquo;Amendment
No.&nbsp;3&rdquo; and, together with Amendment No.&nbsp;1 and Amendment No.&nbsp;2, the &ldquo;Amendments&rdquo;), which revised the definitions
of &ldquo;Beneficial Owner,&rdquo; &ldquo;Beneficially Own&rdquo; and &ldquo;Beneficial Ownership&rdquo; under the Plan (and made other
conforming changes to the Plan).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The foregoing description of the Plan and the Amendments
does not purport to be complete and is qualified in its entirety by reference to the full text of the Plan, which is filed as Exhibit&nbsp;4.1
to the Company&rsquo;s registration statement on Form&nbsp;8-A filed on December&nbsp;7, 2020, Amendment No.&nbsp;1, which is filed as
Exhibit&nbsp;4.18 to the Company&rsquo;s annual report on Form&nbsp;10-K filed on March&nbsp;1, 2021, Amendment No.&nbsp;2, which is filed
as Exhibit&nbsp;4.3 to the Company&rsquo;s registration statement on Form&nbsp;8-A/A filed on December&nbsp;4, 2023, and Amendment No.&nbsp;3,
which is filed as Exhibit&nbsp;4.4 to this registration statement on Form&nbsp;8-A/A, each of which is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><B>Item 2. Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 9%; border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit<BR>
Number</B></FONT></TD>
    <TD STYLE="width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 90%; border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description of Exhibit</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt 0.25pt 0.25pt 0.15in"><A HREF="https://www.sec.gov/Archives/edgar/data/100517/000110465920132578/tm2037699d1_ex3-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1</FONT></A></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt"><A HREF="https://www.sec.gov/Archives/edgar/data/100517/000110465920132578/tm2037699d1_ex3-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certificate of Designation of the Series&nbsp;A Junior Participating Serial Preferred Stock of the Company, dated December&nbsp;4, 2020 (incorporated by reference to Exhibit&nbsp;3.1 to the Company&rsquo;s Form&nbsp;8-A, filed on December&nbsp;7, 2020)</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt 0.25pt 0.25pt 0.15in"><A HREF="https://www.sec.gov/Archives/edgar/data/100517/000110465920132578/tm2037699d1_ex4-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.1</FONT></A></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt"><A HREF="https://www.sec.gov/Archives/edgar/data/100517/000110465920132578/tm2037699d1_ex4-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tax Benefits Preservation Plan, dated as of December&nbsp;4, 2020, by and between the Company and Computershare Trust Company, N.A., as rights agent (which includes the Form&nbsp;of Rights Certificate as Exhibit&nbsp;B thereto) (incorporated by reference to Exhibit&nbsp;4.1 to the Company&rsquo;s Form&nbsp;8-A, filed on December&nbsp;7, 2020)</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt 0.25pt 0.25pt 0.15in"><A HREF="https://www.sec.gov/Archives/edgar/data/100517/000010051721000016/ual_12312010kex418.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.2</FONT></A></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt"><A HREF="https://www.sec.gov/Archives/edgar/data/100517/000010051721000016/ual_12312010kex418.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amendment No.&nbsp;1 to Tax Benefits Preservation Plan, dated as of January&nbsp;21, 2021, by and between the Company and Computershare Trust Company, N.A., as rights agent (incorporated by reference to Exhibit&nbsp;4.18 to the Company&rsquo;s Form&nbsp;10-K, filed on March&nbsp;1, 2021)</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt 0.25pt 0.25pt 0.15in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt 0.25pt 0.25pt 0.15in"><A HREF="https://www.sec.gov/Archives/edgar/data/100517/000110465923123217/tm2332036d2_ex4-3.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.3</FONT></A></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt"><A HREF="https://www.sec.gov/Archives/edgar/data/100517/000110465923123217/tm2332036d2_ex4-3.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amendment No.&nbsp;2 to Tax Benefits Preservation Plan, dated as of December&nbsp;4, 2023, by and between the Company and Computershare Trust Company, N.A., as rights agent (incorporated by reference to Exhibit&nbsp;4.3 to the Company&rsquo;s Form&nbsp;8-A/A, filed on December&nbsp;4, 2023)</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt 0.25pt 0.25pt 0.15in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt 0.25pt 0.25pt 0.15in"><A HREF="tm2412418d1_ex4-4.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.4</FONT></A></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt"><A HREF="tm2412418d1_ex4-4.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amendment No.&nbsp;3 to Tax Benefits Preservation Plan, dated as of April&nbsp;22, 2024, by and between the Company and Computershare Trust Company, N.A., as rights agent.</FONT></A></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of Section&nbsp;12
of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned,
thereto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UNITED AIRLINES HOLDINGS,&nbsp;INC.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 4%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 45%; padding: 0.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">April&nbsp;23, 2024</FONT></TD>
    <TD STYLE="padding: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.25pt 0.25pt 0.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Michael Leskinen</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Michael Leskinen</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Executive Vice President and Chief Financial Officer</FONT></TD></TR>
  </TABLE>
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<TYPE>EX-4.4
<SEQUENCE>2
<FILENAME>tm2412418d1_ex4-4.htm
<DESCRIPTION>EXHIBIT 4.4
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit&nbsp;4.4</B></P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AMENDMENT NO. 3 TO TAX BENEFITS PRESERVATION
PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Amendment No.&nbsp;3
to Tax Benefits Preservation Plan (this &ldquo;<B><I>Amendment</I></B>&rdquo;) is made and entered into as of April&nbsp;22, 2024, by
and between United Airlines Holdings,&nbsp;Inc., a Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;), and Computershare Trust
Company, N.A., a federally chartered trust company, as rights agent (the &ldquo;<B><I>Rights Agent</I></B>&rdquo;), and amends that certain
Tax Benefits Preservation Plan, dated as of December&nbsp;4, 2020 (as amended as of January&nbsp;21, 2021 and December&nbsp;4, 2023, the
 &ldquo;<B><I>Rights Agreement</I></B>&rdquo;), by and between the Company and the Rights Agent. All capitalized terms used but not defined
herein shall have the meanings given to such terms in the Rights Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the Board
has determined it is in the best interests of the Company and its stockholders to amend the Rights Agreement as set forth herein;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, subject to
certain limited exceptions, Section&nbsp;27 of the Rights Agreement provides <FONT STYLE="background-color: white">that the Company may,
in its sole and absolute discretion, and the Rights Agent shall if the Company so directs, amend any provision of the Rights Agreement
in any respect without the approval of any holders of the Rights;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="background-color: white"><B>WHEREAS</B>,
this Amendment is permitted by Section&nbsp;27 of the Rights Agreement; </FONT>and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, pursuant to
Section&nbsp;27 of the Rights Agreement, the Company hereby directs that the Rights Agreement shall be amended as set forth in this Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>, in
consideration of the foregoing premises and mutual covenants and agreements set forth herein, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Company and the Rights Agent hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;1. <U>Amendments</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Section&nbsp;1
of the Rights Agreement is hereby amended to remove the definitions of the terms &ldquo;Counterparty,&rdquo; &ldquo;Derivatives Contract,&rdquo;
 &ldquo;Notional Common Shares&rdquo; and &ldquo;Receiving Party.&rdquo; Further, the paragraphs immediately following the definition of
 &ldquo;Associate&rdquo; and immediately preceding the definition of &ldquo;Board&rdquo; set forth in Section&nbsp;1 of the Rights Agreement
are hereby amended and restated in their entirety as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">A Person shall be
deemed the &ldquo;<B><I>Beneficial Owner</I></B>&rdquo; of, and shall be deemed to &ldquo;<B><I>Beneficially Own</I></B>&rdquo; and have
 &ldquo;<B><I>Beneficial Ownership</I></B>&rdquo; of any securities (that are as such, &ldquo;<B><I>Beneficially Owned</I></B>&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&nbsp;that such
Person would be deemed to directly, indirectly or constructively own (as determined for purposes of Section&nbsp;382 or the Treasury Regulations),
including any coordinated acquisition of securities by any Persons who have a formal or informal understanding with respect to such acquisition
(to the extent ownership of such securities would be attributed to such Persons under Section&nbsp;382 and the Treasury Regulations);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&nbsp;&#8239;that such
Person beneficially owns, directly or indirectly, as determined pursuant to Rule&nbsp;13d-3 of the Exchange Act Regulations as in effect
on the date of this Agreement, including pursuant to any contract, arrangement, understanding or relationship, but only if the effect
of such contract, arrangement, understanding or relationship is to treat such Persons as an &ldquo;entity&rdquo; under Section&nbsp;1.382-3(a)(1)&nbsp;of
the Treasury Regulations; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">that
are Beneficially Owned (within the meaning of the preceding subsections of this definition), directly or indirectly, by any other Person
with which such Person has any agreement, arrangement or understanding (whether or not in writing and other than customary agreements
with and between underwriters and selling group members with respect to a bona fide public offering of securities), but only if the effect
of such agreement, arrangement or understanding is to treat such Persons as an &ldquo;entity&rdquo; under Section&nbsp;1.382-3(a)(1)&nbsp;of
the Treasury Regulations; <U>provided</U>, <U>however</U>, that a Person shall not be deemed the &ldquo;Beneficial Owner&rdquo; of, or
to &ldquo;beneficially own,&rdquo; any security if such agreement, arrangement or understanding (1)&nbsp;arises solely from a revocable
proxy or consent given in response to a public proxy or consent solicitation made pursuant to, and in accordance with, the applicable
provisions of the Exchange Act Regulations and (2)&nbsp;is not also then reportable by such Person on Schedule 13D under the Exchange
Act (or any comparable or successor report);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>provided</U>, <U>however</U>, that
(x)&nbsp;nothing in this definition shall cause a Person engaged in business as an underwriter of securities to be the &ldquo;Beneficial
Owner&rdquo; of, or to &ldquo;beneficially own,&rdquo; any securities acquired through such Person&rsquo;s participation in good faith
in a firm commitment underwriting until the expiration of forty (40) days after the date of such acquisition; (y)&nbsp;no officer or director
of the Company shall be deemed to Beneficially Own any securities of any other Person solely by virtue of any actions that such officer
or director takes in such capacity; and (z)&nbsp;notwithstanding the foregoing provisions of this definition of &ldquo;Beneficial Ownership,&rdquo;
for purposes of determining &ldquo;Beneficial Ownership&rdquo; and whether any Person &ldquo;Beneficially Owns&rdquo; or has &ldquo;Beneficial
Ownership&rdquo; under this Agreement, all Warrants and all Warrant Shares shall be disregarded, it being understood that, (i)&nbsp;to
the extent that any Warrant Shares are outstanding at a particular time, such Warrant Shares shall be taken into account for purposes
of determining the number of shares of Common Stock outstanding at such time and (ii)&nbsp;except with respect to any Warrant Shares held
by the United States Department of the Treasury from the time such shares were issued by the Company, the burden of demonstrating that
any shares of Common Stock are Warrant Shares shall be on any Person desiring to rely on this clause (z). The Board shall have sole discretion
to determine whether such burden has been satisfied.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">With respect to
any Person, for all purposes of this Agreement, any calculation of the number of shares of Common Stock outstanding at any particular
time, including for purposes of determining the particular percentage of the outstanding shares of Common Stock of which such Person is
the Beneficial Owner, shall include the number of shares of Common Stock not outstanding at the time of such calculation that such Person
is otherwise deemed to Beneficially Own for purposes of this Agreement; <U>provided</U>, <U>however</U>, that the number of shares of
Common Stock not outstanding that such Person is otherwise deemed to Beneficially Own for purposes of this Agreement shall not be included
for the purpose of computing the percentage of the outstanding shares of Common Stock Beneficially Owned by any other Person (unless such
other Person is also deemed to Beneficially Own, for purposes of this Agreement, such shares of Common Stock not outstanding).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">In
<U>Exhibit&nbsp;C</U> to the Rights Agreement, the paragraph immediately above the paragraph captioned &ldquo;Expiration Time&rdquo; on
page&nbsp;C-3 is hereby amended and restated as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">For purposes of
the Tax Benefits Preservation Plan, a person or group is deemed to beneficially own shares that (a)&nbsp;such person or group is deemed
to directly, indirectly or constructively own (as determined for purposes of Section&nbsp;382 of the Code or the regulations promulgated
under the Code), (b)&nbsp;such person or group directly or indirectly beneficially owns (as determined pursuant to Rule&nbsp;13d-3 of
the Exchange Act) or (c)&nbsp;are directly or indirectly beneficially owned (as described in clause (a)&nbsp;or (b)) by any other person
with which such person or group has any agreement, arrangement or understanding but only if the effect of such agreement, arrangement
or understanding is to treat such persons as an &ldquo;entity&rdquo; under specified regulations promulgated under the Code (and with
certain exceptions specified in the Tax Benefits Preservation Plan). Warrants and Warrant Shares (as each is defined in the Warrant Agreements,
dated as of April&nbsp;20, 2020, September&nbsp;28, 2020, January&nbsp;15, 2021 and April&nbsp;29, 2021, between the Company and the United
States Department of the Treasury) are disregarded for purposes of determining beneficial ownership.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">In
<U>Exhibit&nbsp;C</U> to the Rights Agreement, the paragraph captioned &ldquo;Additional Information&rdquo; on page&nbsp;C-6 is hereby
amended and restated as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B><I>Additional
Information</I></B>. A copy of the Tax Benefits Preservation Plan has been filed with the Securities and Exchange Commission as exhibits
to a registration statement on Form&nbsp;8-A (Amendment No.&nbsp;2) filed on April&nbsp;23, 2024. A copy of the Tax Benefits Preservation
Plan is also available free of charge from the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;2. <U>Effective
Date; Effect</U>. This Amendment is effective as of the date first set forth above. Except as modified hereby, the Rights Agreement is
reaffirmed in all respects, and all references therein to &ldquo;the Agreement&rdquo; shall mean the Rights Agreement, as modified hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;3. <U>Governing
Law</U>. This Amendment shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed
by and construed in accordance with the laws of such State applicable to contracts to be made and performed entirely within such State.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;4. <U>Severability</U>.
If any term, provision, covenant or restriction of this Amendment is held by a court of competent jurisdiction or other authority to be
invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Amendment shall remain in full
force and effect and shall in no way be affected, impaired or invalidated. If any such excluded term, provision, covenant or restriction
shall affect the rights, immunities, duties or obligations of the Rights Agent in an adverse manner, then the Rights Agent shall be entitled
to resign immediately upon written notice to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;5. <U>Counterparts</U>.
This Amendment may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original,
and all such counterparts shall together constitute but one and the same instrument. Delivery of an executed signature page&nbsp;of this
Amendment by facsimile or other customary means of electronic transmission (e.g., &ldquo;pdf&rdquo;) shall be as effective as delivery
of a manually executed counterpart hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;6. <U>No Modification</U>.
Except as expressly set forth herein, this Amendment shall not by implication or otherwise alter, modify, amend or in any way affect any
of the terms, conditions, obligations, covenants or agreements contained in the Rights Agreement, all of which are ratified and affirmed
in all respects and shall continue in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;7. <U>Headings</U>.
The headings of the sections of this Amendment have been inserted for convenience of reference only and shall in no way restrict or otherwise
modify any of the terms or provisions hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signature Page&nbsp;Follows</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the parties hereto have caused
this Amendment to be duly executed as of the date first written above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">UNITED AIRLINES HOLDINGS,&nbsp;INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">/s/ Michael Leskinen</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Michael Leskinen</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Executive Vice President and Chief Financial Officer</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">COMPUTERSHARE TRUST COMPANY,
    N.A.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">/s/ Fred Papenmeier</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42%"><FONT STYLE="font-size: 10pt">Fred Papenmeier</FONT></TD></TR>
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    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Vice President and Manager</FONT></TD></TR>
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<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><I>Amendment No. 3 to Tax
Benefits Preservation Plan</I></P>

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