EX-10.47 2 c73100exv10w47.htm EXHIBIT 10.47 Filed by Bowne Pure Compliance
 

CONFIDENTIAL TREATMENT   EXHIBIT 10.47
CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT
TO A REQUEST FOR CONFIDENTIAL TREATMENT
Supplemental Agreement No. 14
to
Purchase Agreement No. 2191
between
The Boeing Company
and
COPA Holdings, S.A., Inc.
Relating to Boeing Model 737 Aircraft
THIS SUPPLEMENTAL AGREEMENT entered into as of                     , 2007 by and between THE BOEING COMPANY, a Delaware corporation with its principal office in Seattle, Washington, (Boeing) and COPA HOLDINGS, S.A., INC. (Customer);
WHEREAS, the parties hereto entered into Purchase Agreement No. 2191 dated November 25, 1998 (the Agreement), as amended and supplemented, relating to Boeing Model 737-7V3 and 737-8V3 aircraft (the Aircraft); and
WHEREAS, Customer and Boeing have come to agreement on the **Material Redacted** and to correct two typographical errors in Supplemental Agreement Number 13; and
WHEREAS, Boeing and Buyer have mutually agreed to amend the Agreement to incorporate the effect of these and certain other changes;
NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree to amend the Agreement as follows:
  1.1.   Table of Contents and Tables:
 
  1.2.   Remove and replace, in its entirety the “Table of Contents”, with the “Table of Contents” attached hereto and hereby made a part of the Agreement, to reflect the changes made by this Supplemental Agreement.
 
  1.3.   Table 1-4 entitled “Aircraft Information Table for Model 737-7V3 Aircraft” is attached hereto to reflect **Material Redacted** 737-7V3 aircraft from this table.
 
  1.4.   Table 1-5 entitled “Aircraft Information Table for Model 737-8V3 Aircraft” is attached hereto to reflect **Material Redacted** aircraft to this table.
 
  1.5.   Page 1 of Supplemental Agreement No 13 is removed and replaced with a new page 1 that corrects the **Material Redacted** in accordance with the agreement between the parties.
 
  1.6.   Page 7 of Letter Agreement 6-1162-LAJR4, Article 17.5 is removed and replaced with a new page 7 that changes **Material Redacted** in accordance with the agreement between the parties.
         
PA No. 2191       SA No. 14

 

Page 1

 

CONFIDENTIAL TREATMENT   EXHIBIT 10.47
The Purchase Agreement will be deemed to be supplemented to the extent herein provided as of the date hereof and as so supplemented will continue in full force and effect.
Boeing and Customer have each caused this Supplemental Agreement to be duly executed as of the day and year first written above.
                     
THE BOEING COMPANY       COPA HOLDINGS, S.A.    
 
                    
By:
          By:        
 
 
 
          
 
    
Its:
  Attorney-In-Fact       Its:   Chief Executive Officer    
 
 
 
          
 
    
         
PA No. 2191       SA No. 14

 

Page 2

 

CONFIDENTIAL TREATMENT   EXHIBIT 10.47
TABLE OF CONTENTS
         
    SA
ARTICLES   NUMBER
 
        
1. Quantity, Model and Description
   SA 3
 
        
2. Delivery Schedule
        
 
        
3. Price
        
 
        
4. Payment
  SA 3
 
        
5. Miscellaneous
        
 
        
TABLE
        
 
        
1-1 Aircraft Information Table for Model 737-7V3 Aircraft
   SA 4
1-2 Aircraft Information Table for Model 737-8V3 Aircraft
   SA 5
1-3 Aircraft Information Table for Model 737-7V3 Aircraft
   SA 7
1-4 Aircraft Information Table for Model 737-7V3 Aircraft
   SA 14
1-5 Aircraft Information Table for Model 737-8V3 Aircraft
   SA 14
1-6 Aircraft Information Table for Model 737-8V3 Aircraft
   SA 13
1-7 Aircraft Information Table for Model 737-8V3 Aircraft
   SA 13
Option Aircraft
        
 
        
EXHIBIT
        
 
        
A-1 Aircraft Configuration for Model 737-7V3 Aircraft
   SA 3
A-2 Aircraft Configuration for Model 737-8V3 Aircraft
   SA 3
 
        
B. Aircraft Delivery Requirements and Responsibilities
   SA 3
 
        
SUPPLEMENTAL EXHIBITS
        
 
        
AE1. Escalation Adjustment Airframe and Optional Features
   SA 10
 
        
BFE1. BFE Variables
   SA 3
 
        
CS1. Customer Support Variables
   SA 3
 
        
EE1. Engine Escalation/Engine Warranty and Patent Indemnity
        
 
        
SLP1. Service Life Policy Components
        
         
PA No. 2191       SA No. 14

 

i

 

CONFIDENTIAL TREATMENT   EXHIBIT 10.47
         
    SA
ARTICLES   NUMBER
 
        
LETTER AGREEMENTS
        
 
        
2191-01 Demonstration Flight Waiver
        
2191-02 Escalation Sharing
        
2191-03 Seller Purchased Equipment
        
 
        
RESTRICTED LETTER AGREEMENTS
        
 
        
6-1162-DAN-0123 Performance Guarantees
        
6-1162-DAN-0124 Special Matters
        
6-1162-DAN-0155 Airframe Escalation Revision
        
6-1162-DAN-0156 Year 2000 Ready Software, Hardware and Firmware
        
6-1162-DAN-0157 Miscellaneous Matters
        
6-1162-MJB-0017 Special Matters
        
6-1162-MJB-0030 Special Matters
        
6-1162-LAJ-874R Special Matters
   SA 5
6-1162-LAJ-874R1 Special Matters
   SA 6
6-1162-LAJ-874R2 Special Matters
   SA 7
6-1162-LAJ-982 Special Matters
   SA 8
6-1162-RLL-3852 737-800 Performance Guarantees
   SA 9
6-1162-LAJ-982R4 Special Matters
   SA 13
6-1162-RLL-3958 737-8V3 Option Aircraft
   SA 13
         
SUPPLEMENTAL AGREEMENTS   DATED AS OF:
Supplemental Agreement No. 1
   June 29, 2001
Supplemental Agreement No. 2
   December 21, 2001
Supplemental Agreement No. 3
   June 14, 2002
Supplemental Agreement No. 4
   December 20, 1002
Supplemental Agreement No. 5
   October 31, 2003
Supplemental Agreement No. 6
   September 9, 2004
Supplemental Agreement No. 7
   December 9, 2004
Supplemental Agreement No. 8
   April 15, 2005
Supplemental Agreement No. 9
   March 16, 2006
Supplemental Agreement No. 10
   May 8, 2006
Supplemental Agreement No. 11
   August 30 , 2006
Supplemental Agreement No. 12
   February 26, 2007
Supplemental Agreement No. 13
   April 23, 2007
(2 typographical errors in SA 13 have been corrected in SA 14)
        
Supplemental Agreement No. 14
   August __, 2007
     
PA No. 2191   SA No. 14

 

ii

 

CONFIDENTIAL TREATMENT   EXHIBIT 10.47
Table 1-4
Aircraft Information Table Model 737-7V3 Aircraft
Aircraft Delivery, Description, Price and Advance Payments
             
Airframe Model/MTOW:
  737-700     154,500  
Engine Model:
  CFM56-7B22        
Airframe Price:
      **Material Redacted**
Optional Features:
      **Material Redacted**
Sub-Total of Airframe and Features:
      **Material Redacted**
Engine Price (Per Aircraft):
      **Material Redacted**
Aircraft Basic Price (Excluding BFE/SPE):
      **Material Redacted**
Buyer Furnished Equipment (BFE) Estimate:
      **Material Redacted**
Seller Purchased Equipment (SPE) Estimate:
      **Material Redacted**
 
            
Refundable Deposit/Aircraft at Proposal Accept:
      **Material Redacted**
Detail Specification:
  D6-38808-42-1 (4/30/2004)        
Airframe Price Base Year/Escalation Formula:
  Jul-04   ECI-MFG/CPI
Engine Price Base Year/Escalation Formula:
  N/A     N/A  
 
            
Airframe Escalation Data:
            
Base Year Index (ECI):
      **Material Redacted**
Base Year Index (CPI):
      **Material Redacted**
                                 
        Escalation       Escalation Estimate   Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
Delivery   Number of   Factor   Manufacturer   Adv Payment Base   At Signing   24 Mos. 21/18/12/9/6 Mos. Total
Date   Aircraft   (Airframe)   Serial Number   Price Per A/P   1%   4%   5%   30%
                                 
**Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**
Total:   1                            
     
PA No. 2191   SA No. 14

 

3

 

CONFIDENTIAL TREATMENT   EXHIBIT 10.47
Table 1-5
Aircraft Information Table Model 737-8V3 Aircraft
Delivery, Description, Price and Advance Payments
         
Airframe Model/MTOW:
  737-8V3   174,200 pounds
Engine Model/Thrust:
  CFM56-7B26   26,400 pounds
Airframe Price:
      **Material Redacted**
Optional Features:
      **Material Redacted**
Sub-Total of Airframe and Features:
      **Material Redacted**
Engine Price (Per Aircraft):
      **Material Redacted**
Aircraft Basic Price (Excluding BFE/SPE):
      **Material Redacted**
Buyer Furnished Equipment (BFE) Estimate:
      **Material Redacted**
Seller Purchased Equipment (SPE) Estimate:
      **Material Redacted**
 
        
Refundable Deposit/Aircraft at Proposal Accept:
      **Material Redacted**
Detail Specification:
  D6-38808-1 Rev C, dated 5-4-05    
Airframe Price Base Year/Escalation Formula:
  Jul-04   ECI-MFG/CPI
Engine Price Base Year/Escalation Formula:
  N/A   N/A
 
        
Airframe Escalation Data:
        
Base Year Index (ECI):
      **Material Redacted**
Base Year Index (CPI):
      **Material Redacted**
                                 
        Escalation       Escalation Estimate   Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
Delivery   Number of   Factor   Manufacturer   Adv Payment Base   At Signing   24 Mos.   21/18/12/9/6 Mos.   Total
Date   Aircraft   (Airframe)   Serial Number   Price Per A/P   1%   4%   5%   30%
                                 
**Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**
**Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**
**Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**
**Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**
**Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**   **Material Redacted**
Total:   4                            
     
PA No. 2191   SA No. 14

 

4

 

CONFIDENTIAL TREATMENT   EXHIBIT 10.47
Supplemental Agreement No. 13
to
Purchase Agreement No. 2191
between
The Boeing Company
and
COPA Holdings, S.A., Inc.
Relating to Boeing Model 737 Aircraft
THIS SUPPLEMENTAL AGREEMENT entered into as of , 2007 by and between THE BOEING COMPANY, a Delaware corporation with its principal office in Seattle, Washington, (Boeing) and COPA HOLDINGS, S.A., INC. (Customer);
WHEREAS, the parties hereto entered into Purchase Agreement No. 2191 dated November 25, 1998 (the Agreement), as amended and supplemented, relating to Boeing Model 737-7V3 and 737-8V3 aircraft (the Aircraft); and
WHEREAS, Customer and Boeing have come to agreement on **Material Redacted** and **Material Redacted**; and
WHEREAS, Boeing and Buyer have mutually agreed to amend the Agreement to incorporate the effect of these and certain other changes;
NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree to amend the Agreement as follows:
  1.1.   Table of Contents, Tables and Letter Agreements:
 
  1.2.   Remove and replace, in its entirety the “Table of Contents”, with the “Table of Contents” attached hereto and hereby made a part of the Agreement, to reflect the changes made by this Supplemental Agreement.
 
  1.3.   Table 1-4 entitled “Aircraft Information Table for Model 737-7V3 Aircraft” is attached hereto to reflect the **Material Redacted** for the **Material Redacted** 737-7V3 Aircraft.
 
  1.4.   Table 1-5 entitled “Aircraft Information Table for Model 737-8V3 Aircraft” is attached hereto to reflect the **Material Redacted** 737-8V3 Aircraft.
 
  1.5.   Table 1-6 entitled “Aircraft Information Table for Model 737-8V3 Aircraft” is attached hereto to reflect the scheduled delivery months for the 737-8V3 Aircraft of **Material Redacted**.
     
PA No. 2191   SA No. 14

 

5

 

(BOEING LOGO)
  17.5   **Material Redacted**
 
  17.6   **Material Redacted**
18.   **Material Redacted**
 
19.   **Material Redacted**
 
20.   Confidentiality. Customer understands that certain commercial and financial information contained in this Letter Agreement are considered by Boeing as confidential. Customer agrees that it will treat this Letter Agreement and the information contained herein as confidential and will not, without the prior written consent of Boeing, disclose this Letter Agreement or any information contained herein to any other person or entity except its counsel and/or auditors or as otherwise required by law or legal process.
         
PA No. 2191        SA No. 14