EX-10.54 6 copaholdings-ex1054_1222.htm
 
Supplemental Agreement No. 21

to

Purchase Agreement No. 2191

between

The Boeing Company

and

COPA Holdings, S.A., Inc.

Relating to Boeing Model 737 Aircraft
 
THIS SUPPLEMENTAL AGREEMENT No. 21 (“Supplemental Agreement 21”) is entered into as of May 28, 2010 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, (as amended and supplemented and together with all exhibits, schedules and letter agreements pertaining thereto, the “Purchase Agreement”) relating to Boeing Model 737-7V3 and 737-8V3 aircraft (collectively, the “Aircraft” and each an “Aircraft”);

WHEREAS, Customer has exercised one (1) [***] Option Aircraft and one (1)  [***] Option Aircraft; and
 
[***]

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree as follows:
 
1.           The one (1) [***] and one (1) [***] Aircraft that Customer has exercised will deliver one (1) [***] with serial number [***] and one (1) in [***]with serial number [***].

2.           Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Purchase Agreement.
 
3.           The “Table of Contents” of the Purchase Agreement is revised to reflect the changes made by this Supplemental Agreement 21 and to delete Restricted Letter Agreement “6-1162-LAJ-982R8 . . . .Special Matters . . . .SA-20” from the Table of Contents since it was not included in SA-20.  A copy of the revised Table of Contents is attached hereto.

4.           The following changes are made to the Aircraft Delivery, Description, Price and Advance Payments Tables to incorporate the [***].

4.1.       Tables 1-6, 1-9 and 1-10B are revised to change the features price and SPE price as discussed in paragraph 4 above.  Tables 1-6, 1-9 and 1-10B as revised in accordance with this paragraph 4 are attached hereto.
 
PA No. 2191
Page 1
SA No. 21
   
May 2010
 
 
 
 
   
4.2.       Table 1-8 is revised to change the features price and SPE price as discussed in paragraph 4 above for the August 2011 Aircraft only.  Table 1-8, as revised, is attached hereto.
 
4.3.       Table 1-10A is revised to create two Tables.  Table 1-10A(1) lists only the [***] Aircraft which continue to have the features from Exhibit A-3.  Table 1-10A(2) lists the remainder of the Aircraft from Table 1-10A and includes the revised features pricing and SPE estimate as discussed in paragraph 4 above.  Table 1-10A(1) and Table 1-10A(2) are attached hereto.

4.4.       Table 1-12, attached hereto, provides the pricing information for the exercised [***] Aircraft.

5.           Exhibit A-4 entitled “Aircraft Configuration for Customer’s 737-8V3 Aircraft with Deliveries [***]”, attached hereto, provides the features for Aircraft with deliveries [***] including the [***].  These changes will be included in Customer’s Detail Specification number [***].

6.           Supplemental Agreement BFE1, Buyer Furnished Equipment Variables, paragraph 2 is revised as stated below to add the preliminary on-dock dates for the [***] Aircraft.  Preliminary On dock Dates for the [***] Aircraft are found in Supplemental Agreement 18.
 
 
[***]
 
Aircraft
[***]
[***]
[***]
[***]
[***]
[***]
   
[***]
[***]
[***]
[***]
[***]
[***]
   
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]

7.           [***]

8.           Letter Agreement 6-RLL-3958R2, Table 11 entitled “Option Aircraft Delivery, Description, Price and Advance Payments”, is revised to [***].  The revised Table 11 dated May 2010 is attached hereto

9.           [***]

10.         [***]
 
PA No. 2191
Page 2
SA No. 21
   
May 2010
  
 
 
 
 
11.         At signing of this Supplemental Agreement ___________________is due.

The Purchase Agreement will be deemed to be supplemented and revised to the extent herein provided as of the date hereof and as so supplemented and revised 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:
/s/  Kathie Weibel
  
By:
/s/ Pedro Heilbron
         
Its:
 Attorney-In-Fact
  
Its:
Chief Executive Officer
 
PA No. 2191
Page 3
SA No. 21
   
May 2010
 
 
 
 
 
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 13
1-5
  
Aircraft Information Table for Model 737-8V3 Aircraft
  
SA 13
1-6
  
Aircraft Information Table for Model 737-8V3 Aircraft
  
SA 21
1-7
  
Aircraft Information Table for Model 737-8V3 Aircraft Option Aircraft
  
SA 13
1-8
  
Aircraft Information Table for Model 737-8V3 Aircraft
  
SA 21
1-9
  
Aircraft Information Table for Model 737-8V3 Aircraft
  
SA 21
1-10
  
Aircraft Information Table for Model 737-8V3 Aircraft
  
SA 21
1-10A(1)
  
Aircraft Information Table for Model 737-8V3 Aircraft
  
SA 21
1-10A(2)
  
Aircraft Information Table for Model 737-8V3 Aircraft
  
SA 21
1-10B
  
Aircraft Information Table for Model 737-8V3 Aircraft
  
SA 21
1-11
  
Aircraft Information Table for Model 737-8V3 Option Aircraft
  
SA 21
1-12
  
Aircraft Information Table for Model 737-8V3 Aircraft
  
SA 21
     
EXHIBIT
    
     
A-1
  
Aircraft Configuration for Model 737-7V3 Aircraft
  
SA 3
A-2
  
Aircraft Configuration for Model 737-8V3 Aircraft
  
SA 3
A-3
  
Aircraft Configuration for Model 737-8V3 Aircraft
  
SA 18
A-4
  
Aircraft Configuration for Model 737-8V3 Aircraft
  
SA 21
[***]
        
         
B.
  
Aircraft Delivery Requirements and Responsibilities
  
SA 3
  
PA No. 2191
i
SA No. 21
   
May 2010
 
 
 
 
 
SUPPLEMENTAL EXHIBITS
    
     
AE1.
  
Escalation Adjustment Airframe and Optional Features
  
SA 10
         
BFE1.
  
BFE Variables
  
SA 21
         
CS1.
  
Customer Support Variables
  
SA 3
         
EE1.
  
Engine Escalation/Engine Warranty and Patent Indemnity
    
         
SLP1.
  
Service Life Policy Components
    
     
LETTER AGREEMENTS
    
     
2191-01
  
Demonstration Flight Waiver
    
2191-02
  
Escalation Sharing
    
2191-03
  
Seller Purchased Equipment
    
2191-03R1
  
Seller Purchased Equipment
  
SA-20
     
RESTRICTED LETTER AGREEMENTS
    
     
6-1162-DAN-0123
  
[***]
    
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-LAJ-982R3
  
Special Matters
  
SA 11
6-1162-RLL-3852
  
[***]
  
SA 9
6-1162-LAJ-982R4
  
Special Matters
  
SA 13
6-1162-RLL-3958
  
737-8V3 Option Aircraft
  
SA 13
6-1162-RLL-3958R1
  
737-8V3 Option Aircraft
  
SA 18
6-1162-RLL-3958R1
  
737-8V3 Option Aircraft
  
SA 18
6-1162-RLL-3958R2
  
737-8V3 Option Aircraft
  
SA 21
6-1162-LAJ-982R5
  
Special Matters
  
SA 16
6-1162-LAJ-982R6
  
Special Matters
  
SA 17
6-1162-LAJ-982R7
  
Special Matters
  
SA 18
6-1162-LAJ-982R8
  
Special Matters
  
SA 20
6-1162-RLL-4092
  
Advance Payment Matters for Aircraft Listed in Table 1-9
  
SA 17
 
PA No. 2191
ii
SA No. 21
   
May 2010
 
 
 
 
 
6-1162-KSW-6417
  
Boeing Offer Related to New Interior
  
SA 18
6-1162-KSW-6419
  
[***]
  
SA 20
6-1162-KSW-6471
  
[***]
    
   
[***]
  
SA 21
LA-1000842
  
Installation of Cabin Systems Equipment
  
SA 21
 
PA No. 2191
iii
SA No. 21
   
May 2010
 
 
 
 
 
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
Supplemental Agreement No. 14
August 31, 2007
Supplemental Agreement No. 15
February 21, 2008
Supplemental Agreement No. 16
June 30, 2008
Supplemental Agreement No. 17
December 15, 2008
Supplemental Agreement No. 18
July 15, 2009
Supplemental Agreement No. 19
August 31, 2009
Supplemental Agreement No. 20
November 19, 2009
 
PA No. 2191
iv
SA No. 21
   
May 2010
 
 
 
 

Table 1-6
Aircraft Delivery, Description, Price and Advance Payments
(BSI Interior)
 
Airframe Model/MTOW:
 737-800
[***]
  
Detail Specification:
[***]
Engine Model/Thrust:
 CFM56-7B26
[***]
  
Airframe Price Base Year/Escalation Formula:
[***]
[***]
Airframe Price:
   [***]  
Engine Price Base Year/Escalation Formula:
[***]
[***]
Optional Features:
   [***]  
[***]
    
Sub-Total of Airframe and Features:
     [***]  
Airframe Escalation Data:
[***]
  
Engine Price (Per Aircraft):
   $0  
Base Year Index (ECI):
[***]
  
Aircraft Basic Price (Excluding BFE/SPE):
     [***]  
Base Year Index (CPI):
[***]
  
Buyer Furnished Equipment (BFE) Estimate:
   $0        
Seller Purchased Equipment (SPE) Estimate:
     [***]        
             
Refundable Deposit/Aircraft at Proposal Accept:
     [***]        

          
Escalation
Estimate
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
Delivery
Escalation
Number of
Factor
Serial
  
Adv Payment
Base
[***]
[***]
[***]
[***]
Date
Aircraft
(Airframe)
Number
  
Price Per A/P
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
Total:
4
                
 
COP-54041-1F.TXT
  
May 2010
PA No. 2191 SA-21
Boeing Proprietary
Page 1
 
 
 
 

Table 1-8
Aircraft Delivery, Description, Price and Advance Payments

Airframe Model/MTOW:
 737-800
[***]
  
Detail Specification:
see PA 2191
Engine Model/Thrust:
 CFM56-7B26
[***]
  
Airframe Price Base Year/Escalation Formula:
  
[***]
[***]
Airframe Price*:
see note below 
[***]
  
Engine Price Base Year/Escalation Formula:
  
[***]
[***]
Optional Features:
  
[***]
  
[***]
      
Sub-Total of Airframe and Features:
  
[***]
  
Airframe Escalation Data:
  
[***]
  
Engine Price (Per Aircraft):
  
$0
  
Base Year Index (ECI):
  
[***]
  
Aircraft Basic Price (Excluding BFE/SPE):
  
[***]
  
Base Year Index (CPI):
  
[***]
  
Buyer Furnished Equipment (BFE) Estimate:
  
$0
          
Seller Purchased Equipment (SPE) Estimate:
  
[***]
          
               
Refundable Deposit/Aircraft at Proposal Accept:
  
[***]
          
 
         
Escalation
Estimate
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to
Delivery):
Delivery
Number
of
Escalation
Factor
Serial
  
Adv Payment
Base
[***]
[***]
[***]
[***]
Date
Aircraft
(Airframe)
Number
  
Price Per A/P
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
Total:
2
                
[***]
                  
[***]
                  
 
COP-48720/54023-1F.TXT
  
May 2010
PA No. 2191 SA-21
Boeing Proprietary
Page 1
 
 
 
 

Table 1-9
Aircraft Delivery, Description, Price and Advance Payments
(BSI Interior)

Airframe Model/MTOW:
 737-800 
[***]
  
Detail Specification:
[***]
[***]
Engine Model/Thrust: CFM56-7B26 
[***]
  
Airframe Price Base Year/Escalation Formula:
[***]
[***]
Airframe Price:
  
[***]
  
Engine Price Base Year/Escalation Formula:
[***]
[***]
Optional Features:
  
[***]
  
[***]
    
Sub-Total of Airframe and Features:
  
[***]
  
Airframe Escalation Data:
[***]
  
Engine Price (Per Aircraft):
  
$0
  
Base Year Index (ECI):
[***]
  
Aircraft Basic Price (Excluding BFE/SPE):
  
[***]
  
Base Year Index (CPI):
[***]
  
Buyer Furnished Equipment (BFE) Estimate:
  
$0
        
Seller Purchased Equipment (SPE) Estimate:
  
[***]
        
             
Refundable Deposit/Aircraft at Proposal Accept:
  
[***]
  
      
 
 
 
      
Escalation
Estimate
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
Delivery
Number
of
Escalation
Factor
Serial
  
Adv Payment
Base
[***]
[***]
[***]
[***]
Date
Aircraft
(Airframe)
Number
  
Price Per A/P
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
Total:
2
                
 
COP-54023-1F.TXT
  
May 2010
PA No. 2191 SA-21
Boeing Proprietary
Page 1
 
 
 
 

Table 1-10A(1)
Aircraft Delivery, Description, Price and Advance Payments

Airframe Model/MTOW:
 737-800
[***]
  
Detail Specification:
[***]
  
Engine Model/Thrust:
 CFM56-7B26
[***]
  
Airframe Price Base Year/Escalation Formula:
[***]
[***]
Airframe Price:
  
[***]
  
Engine Price Base Year/Escalation Formula:
[***]
[***]
Optional Features:
  
[***]
        
Sub-Total of Airframe and Features:
     [***]  
Airframe Escalation Data:
    
Engine Price (Per Aircraft):
   $0  
Base Year Index (ECI):
[***]
  
Aircraft Basic Price (Excluding BFE/SPE):
     [***]  
Base Year Index (CPI):
[***]
  
Buyer Furnished Equipment (BFE) Estimate:
   $0        
Seller Purchased Equipment (SPE) Estimate:
  
[***]
        
Refundable Deposit/Aircraft at Proposal Accept:
  
[***]
  
      
 
 
 
 
    
 
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to
Delivery):
Delivery
Number
of
Escalation
Factor
Serial
  
Escalation Estimate
Adv Payment Base
[***]
[***]
[***]
[***]
Date
Aircraft
(Airframe)
Number
Escalation
Price Per A/P
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
Total:
2
                
[***]
                  
[***]
                  
[***]
                  
 
COP PA 2191 SA-20
  
11/25/09
51647, 52612
Boeing Proprietary
Page 1
 
 
 
 
Table 1-10A(2)
Aircraft Delivery, Description, Price and Advance Payments (BSI/Winglets)

Airframe Model/MTOW:
737-800
[***]
Detail Specification:
[***]   
 
           
Engine Model/Thrust:
CFM56-7B26
[***]
Airframe Price Base Year/Escalation Formula:
[***]
[***]
           
Airframe Price:
  
[***]
  
Engine Price Base Year/Escalation Formula:
[***]
[***]
             
Optional Features:
  
[***]
        
             
Sub-Total of Airframe and Features:
[***]
  
Airframe Escalation Data:
    
           
Engine Price (Per Aircraft):
$0
  
Base Year Index (ECI):
[***]
  
           
Aircraft Basic Price (Excluding BFE/SPE):
[***]
  
Base Year Index (CPI):
[***]
  
           
Buyer Furnished Equipment (BFE) Estimate:
$0
        
           
Seller Purchased Equipment (SPE) Estimate:
[***]
        
           
Refundable Deposit/Aircraft at Proposal Accept:
[***]
        

    
Escalation
    
Escalation Estimate
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to
Delivery):
Delivery
Number of
Factor
Serial
Fixed
Adv Payment Base
[***]
[***]
[***]
[***]
Date
Aircraft
(Airframe)
Number
Escalation
Price Per A/P
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
Total:
10
                
[***]
    
[***]

COP- 54019-1F.TXT
  
May 2010
PA No. 2191 SA-21
Boeing Proprietary
Page 1
 
 
 
 

Table 1-10B
Aircraft Delivery, Description, Price and Advance Payments
(BSI Interior)

Airframe Model/MTOW:
737-800
[***]
  
Detail Specification:
[***]
  
             
Engine Model/Thrust:
CFM56-7B26
[***]
  
Airframe Price Base Year/Escalation Formula:
[***]
[***]
             
Airframe Price:
[***]
  
Engine Price Base Year/Escalation Formula:
[***]
[***]
           
Optional Features:
[***]
        
           
Sub-Total of Airframe and Features:
[***]
  
Airframe Escalation Data:
    
           
Engine Price (Per Aircraft):
$0
  
Base Year Index (ECI):
[***]
  
           
Aircraft Basic Price (Excluding BFE/SPE):
[***]
  
Base Year Index (CPI):
[***]
  
           
Buyer Furnished Equipment (BFE) Estimate:
$0
        
           
Seller Purchased Equipment (SPE) Estimate:
[***]
        
           
Option Deposit Paid
[***]
        

         
Escalation
 Advance Payment Per Aircraft (Amts. Due/Mos. Prior to
         
Estimate
Delivery):
 
Number
Escalation
    
Adv Payment
[***]
[***]
[***]
[***]
Delivery
of
Factor
Serial
  
Base
  
 
 
 
Date
Aircraft
(Airframe)
Number
Escalation*
Price Per A/P
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
Total:
3
                
[***]
                  
[***]
                  

COP- 54019-1F.TXT
  
May 2010
PA No. 2191 SA-21
Boeing Proprietary
Page 1

 
 
 
 
Table 1-12
Aircraft Delivery, Description, Price and Advance Payments
(BSI Interior)

Airframe Model/MTOW:
737-800
[***]
 
Detail Specification:
[***]
  
Engine Model/Thrust:
CFM56-7B26
[***]
 
Airframe Price Base Year/Escalation Formula:
[***]
[***]
Airframe Price:
[***]
  
Engine Price Base Year/Escalation Formula:
[***]
[***]
Optional Features:
[***]
        
Sub-Total of Airframe and Features:
[***]
  
Airframe Escalation Data:
    
Engine Price (Per Aircraft):
$0
  
Base Year Index (ECI):
[***]
  
Aircraft Basic Price (Excluding BFE/SPE):
[***]
  
Base Year Index (CPI):
[***]
  
Buyer Furnished Equipment (BFE) Estimate:
$0
        
Seller Purchased Equipment (SPE) Estimate:
[***]
        
Option Deposit
[***]
        

          
Escalation
Estimate
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
Delivery
Number of
Escalation
Factor
Serial
  
Adv Payment
Base
[***]
[***]
[***]
[***]
Date
Aircraft
(Airframe)
Numbers
  
Price Per A/P
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
                
 
COP- 54019-1F.TXT
  
May 2010
PA No. 2191 SA-21
Boeing Proprietary
Page 1
 
 
 
 
 
Table 1-11
Aircraft Delivery, Description, Price and Advance Payments
(BSI Interior)

Airframe Model/MTOW:
737-800
[***]
  
Detail Specification:
[***]
  
             
Engine Model/Thrust:
CFM56-7B26
[***]
  
Airframe Price Base Year/Escalation Formula:
[***]
[***]
             
Airframe Price:
  
[***]
  
Engine Price Base Year/Escalation Formula:
[***]
[***]
             
Optional Features:
  
[***]
        
           
Sub-Total of Airframe and Features:
[***]
  
Airframe Escalation Data:
    
           
Engine Price (Per Aircraft):
$0
  
Base Year Index (ECI):
[***]
  
           
Aircraft Basic Price (Excluding BFE/SPE):
[***]
  
Base Year Index (CPI):
[***]
  
           
Buyer Furnished Equipment (BFE) Estimate:
$0
        
           
Seller Purchased Equipment (SPE) Estimate:
[***]
        
           
Non-Refundable Deposit/Aircraft at Def Agreemt:
[***]
        

          
Escalation
Estimate
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
Delivery
Number
of
Escalation
Factor
    
Adv Payment
Base
[***]   
[***]
[***]
[***]
Date
Aircraft
(Airframe)
    
Price Per A/P
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
 
COP- 54019-1F.TXT
  
May 2010
PA No. 2191 SA-21
Boeing Proprietary
Page 1
 
 
 
 
 
11-COP38W0003-06_0511010172
BOEING PROPRIETARY
4/11/2011

AIRCRAFT CONFIGURATION FOR AIRCRAFT
WITH DELIEVERIES [***]

Between

THE BOEING COMPANY

And

COPA HOLDINGS, S.A., INC.

Exhibit A-4 to Purchase Agreement Number 2191

PA No. 2191 SA-21
A-4
  
 
BOEING PROPRIETARY
  
 
 
 
 
 
Exhibit A-4 to
Purchase Agreement No. 2191
Page 2

AIRCRAFT CONFIGUARTION
WITH DELIEVERIES BEGINNING IN 2011

Dated May 2010

relating to

BOEING MODEL 737-8V3 AIRCRAFT

Exhibit A-4 provides the Options for Customer’s Aircraft [***].  These Aircraft will have the [***].  The Detail Specification will be [***].  Such Detail Specification will incorporate the Options listed below, including the [***].  The aircraft Basic Price reflects and includes all effects of such Options, except such Aircraft Basic Price does not include the price effects of any Buyer Furnished Equipment or Seller Purchased Equipment.  Exhibit A-4 is [***] used in the pricing Tables.

PA No. 2191 SA-21
A-4
  
 
BOEING PROPRIETARY
  
 
 
 
 

11-COP38W0003-06_0511010172
BOEING PROPRIETARY
4/11/2011

Exhibit A To
Boeing Purchase Agreement

Customer Log:
COP38W0003-06
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]

     
   
[***]
   
Price
CR
Title
Per A/C
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
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[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]

   
May 2010
PA No. 2190
BOEING PROPRIETARY
Page 1
 
 
 
 
 
11-COP38W0003-06_0511010172
BOEING PROPRIETARY
4/11/2011
 
Exhibit A To
Boeing Purchase Agreement

Customer Log:
COP38W0003-06
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]

[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
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[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]

   
May 2010
PA No. 2190
BOEING PROPRIETARY
Page 2
 
 
 
 
 
11-COP38W0003-06_0511010172
BOEING PROPRIETARY
4/11/2011
 
Exhibit A To
Boeing Purchase Agreement

Customer Log:
COP38W0003-06
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]

[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]

   
May 2010
PA No. 2190
BOEING PROPRIETARY
Page 3
 
 
 
 
 
11-COP38W0003-06_0511010172
BOEING PROPRIETARY
4/11/2011
 
Exhibit A To
Boeing Purchase Agreement

Customer Log:
COP38W0003-06
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]

[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
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[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]

   
May 2010
PA No. 2190
BOEING PROPRIETARY
Page 4
 
 
 
 
 
11-COP38W0003-06_0511010172
BOEING PROPRIETARY
4/11/2011
 
Exhibit A To
Boeing Purchase Agreement

Customer Log:
COP38W0003-06
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]

[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
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[***]
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[***]
[***]
[***]
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[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]

   
May 2010
PA No. 2190
BOEING PROPRIETARY
Page 5
 
 
 
 
 
11-COP38W0003-06_0511010172
BOEING PROPRIETARY
4/11/2011
 
Exhibit A To
Boeing Purchase Agreement

Customer Log:
COP38W0003-06
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]

[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
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[***]
[***]
[***]
[***]
[***]
[***]
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[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]

   
May 2010
PA No. 2190
BOEING PROPRIETARY
Page 6
 
 
 
 
 
11-COP38W0003-06_0511010172
BOEING PROPRIETARY
4/11/2011
 
Exhibit A To
Boeing Purchase Agreement

Customer Log:
COP38W0003-06
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]

[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
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[***]
[***]
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[***]
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[***]
[***]
[***]
[***]
[***]
[***]
[***]
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[***]
[***]
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[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]

   
May 2010
PA No. 2190
BOEING PROPRIETARY
Page 7
 
 
 
 
 
COP38W0003-07_051110101813.XLS
BOEING PROPRIETARY
  

Exhibit A To
Boeing Purchase Agreement

Customer Log:
COP38W0003-07
Customer:
COP – COPA Airlines
Model:
737-800`
Base Date:
[***]
Qty of A/C:
[***]

     
   
[***]
   
Price
CR
Title
Per A/C
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
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[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]

PA No. 2191 SA-21
BOEING PROPRIETARY
May 2010
   
Page 1

 
 
 

12-COP38W0003-07_05110101813XLS
BOEING PROPRIETARY
4/11/2011

Exhibit A To
Boeing Purchase Agreement
 
Customer Log:
COP38W0003-07
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]

[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
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[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]

PA No. 2191 SA-21
BOEING PROPRIETARY
May 2010
   
Page 2

 
 
 

12-COP38W0003-07_05110101813XLS
BOEING PROPRIETARY
4/11/2011

Exhibit A To
Boeing Purchase Agreement
 
Customer Log:
COP38W0003-07
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]
 
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
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[***]
[***]
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[***]
[***]
[***]
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[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]

PA No. 2191 SA-21
BOEING PROPRIETARY
May 2010
   
Page 3

 
 
 

12-COP38W0003-07_05110101813XLS
BOEING PROPRIETARY
4/11/2011

Exhibit A To
Boeing Purchase Agreement
 
Customer Log:
COP38W0003-07
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]
 
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
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[***]
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[***]
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[***]
[***]
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[***]
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[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]

PA No. 2191 SA-21
BOEING PROPRIETARY
May 2010
   
Page 4

 
 
 

   
CONFIDENTIAL
12-COP38W0003-07_05110101813XLS
BOEING PROPRIETARY
4/11/2011

Exhibit A To
Boeing Purchase Agreement
 
Customer Log:
COP38W0003-07
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]
 
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
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PA No. 2191 SA-21
BOEING PROPRIETARY
May 2010
   
Page 5

 
 
 

12-COP38W0003-07_05110101813XLS
BOEING PROPRIETARY
4/11/2011

Exhibit A To
Boeing Purchase Agreement
 
Customer Log:
COP38W0003-07
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]
 
[***]
[***]
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PA No. 2191 SA-21
BOEING PROPRIETARY
May 2010
   
Page 6

 
 
 

12-COP38W0003-07_05110101813XLS
BOEING PROPRIETARY
4/11/2011

Exhibit A To
Boeing Purchase Agreement
 
Customer Log:
COP38W0003-07
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]
 
[***]
[***]
[***]
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PA No. 2191 SA-21
BOEING PROPRIETARY
May 2010
   
Page 7

 
 
 

12-COP38W0003-07_05110101813XLS
BOEING PROPRIETARY
4/11/2011

Exhibit A To
Boeing Purchase Agreement
 
Customer Log:
COP38W0003-07
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]
 
[***]
[***]
[***]
[***]
[***]
[***]

PA No. 2191 SA-21
BOEING PROPRIETARY
May 2010
   
Page 8

 
 
 

COP38W0003-08_051110095538.XLS
BOEING PROPRIETARY
 
  
Exhibit A To
Boeing Purchase Agreement

Customer Log:
COP38W0003-08
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]

     
   
[***]
   
Price
CR
Title
Per A/C
[***]
[***]
[***]
[***]
[***]
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PA No. 2191
Page 1
SA No. 7

 
 
 

13-COP38W0003-08_05110095538.3XLS
BOEING PROPRIETARY
4/11/2011
 
Exhibit A To
Boeing Purchase Agreement

Customer Log:
COP38W0003-08
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]
 
[***]
[***]
[***]
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PA No. 2191 SA-21
BOEING PROPRIETARY
SS10-0226
AERO-B-BBA4-M10-0377
    
 
 
 
 

13-COP38W0003-08_05110095538.3XLS
BOEING PROPRIETARY
4/11/2011
 
Exhibit A To
Boeing Purchase Agreement

Customer Log:
COP38W0003-08
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]
 
[***]
[***]
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PA No. 2191 SA-21
BOEING PROPRIETARY
SS10-0226
AERO-B-BBA4-M10-0377
    
 
 
 
 

13-COP38W0003-08_05110095538.3XLS
BOEING PROPRIETARY
4/11/2011
 
Exhibit A To
Boeing Purchase Agreement

Customer Log:
COP38W0003-08
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]
 
[***]
[***]
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PA No. 2191 SA-21
BOEING PROPRIETARY
SS10-0226
AERO-B-BBA4-M10-0377
    
 
 
 
 

13-COP38W0003-08_05110095538.3XLS
BOEING PROPRIETARY
4/11/2011
 
Exhibit A To
Boeing Purchase Agreement

Customer Log:
COP38W0003-08
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]
 
[***]
[***]
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PA No. 2191 SA-21
BOEING PROPRIETARY
SS10-0226
AERO-B-BBA4-M10-0377
    
 
 
 
 

13-COP38W0003-08_05110095538.3XLS
BOEING PROPRIETARY
4/11/2011
 
Exhibit A To
Boeing Purchase Agreement

Customer Log:
COP38W0003-08
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]
 
[***]
[***]
[***]
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PA No. 2191 SA-21
BOEING PROPRIETARY
SS10-0226
AERO-B-BBA4-M10-0377
    
 
 
 
 

13-COP38W0003-08_05110095538.3XLS
BOEING PROPRIETARY
4/11/2011
 
Exhibit A To
Boeing Purchase Agreement

Customer Log:
COP38W0003-08
Customer:
COP – COPA Airlines
Model:
737-800
Base Date:
[***]
Qty of A/C:
[***]
 
[***]
[***]
[***]
[***]
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PA No. 2191 SA-21
BOEING PROPRIETARY
SS10-0226
AERO-B-BBA4-M10-0377
    
 
 
 
 
 

Attachment to Letter Agreement
No. 6-1162-KSW-6471
[***]
Page 1

MODEL 737-8V3 WITH [***] PERFORMANCE GUARANTEES
 
FOR COPA (COPA HOLDINGS, S.A. INC.)
 
SECTION          CONTENTS
 
1
[***]
 
 
2
[***]
 
 
3
[***]
 
 
4
[***]
 
 
5
[***]
 
 
6
[***]
 
 
7
[***]
 
PA No. 2191 SA-21
BOEING PROPRIETARY
SS10-0226
AERO-B-BBA4-M10-0377
    

 
 
 

Attachment to Letter Agreement
No. 6-1162-KSW-6471
[***]
Page 2

1
AIRCRAFT MODEL APPLICABILITY
 
The guarantees contained in this Attachment (the "Performance Guarantees") are applicable to the 737-8V3 Aircraft with [***] and equipped [***]
 
2
FLIGHT PERFORMANCE
 
 
Cruise Range
 
The still air range at an initial cruise altitude of [***] feet on a standard day at [***] Mach number, starting at a gross weight of [***] pounds and consuming [***] pounds of fuel, and using not more than maximum cruise thrust (except maximum climb thrust may be used during a step climb) and using the conditions and operating rules defined below, shall not be less than the following guarantee value:

NOMINAL:
[***]
TOLERANCE:
[***]
GUARANTEE:
[***]

Conditions and operating rules:

A step climb or multiple step climbs of [***] feet altitude may be used when beneficial to minimize fuel burn.
 
3
MANUFACTURER'S EMPTY WEIGHT
 
The Manufacturer's Empty Weight (MEW) is guaranteed not to exceed [***]
 
4
AIRCRAFT CONFIGURATION
 
4.1
The guarantees contained in this Attachment are based on the Aircraft configuration as defined in [***] Appropriate adjustment shall be made for changes in such Detail Specification approved by the Customer and Boeing or otherwise allowed by the Purchase Agreement which cause changes to the flight performance and/or weight and balance of the Aircraft.  Such adjustment shall be accounted for by Boeing in its evidence of compliance with the guarantees.
 
PA No. 2191 SA-21
BOEING PROPRIETARY
SS10-0226
AERO-B-BBA4-M10-0377
    

 
 
 

Attachment to Letter Agreement
No. 6-1162-KSW-6471
CFM-56-7B26 Engines
Page 3
 
4.2
The Manufacturer's Empty Weight guarantee of Section 3 will be adjusted by Boeing for the following in its evidence of compliance with the guarantees:
 
[***]

[***]
 
5
GUARANTEE CONDITIONS
 
5.1
All guaranteed performance data are based on [***] altitudes are pressure altitudes.
 
5.2
The Federal Aviation Administration (FAA) regulations referred to in this Attachment are, unless otherwise specified, [***]
 
5.3
In the event a change is made to any law, governmental regulation or requirement, or in the interpretation of any such law, governmental regulation or requirement that affects the certification basis for the Aircraft as described in Paragraph 5.2, and as a result thereof, a change is made to the configuration and/or the performance of the Aircraft in order to obtain certification, the guarantees set forth in this Attachment shall be appropriately modified to reflect any such change.
 
5.4
The cruise range guarantee includes [***] Normal operation of the air conditioning system shall be defined [***] This operation allows a maximum cabin pressure differential of [***]
 
5.5
The cruise range guarantee is based on [***]
 
PA No. 2191 SA-21
BOEING PROPRIETARY
SS10-0226
AERO-B-BBA4-M10-0377
    

 
 
 

Attachment to Letter Agreement
No. 6-1162-KSW-6471
CFM56-7B26 Engines
Page 4

5.6
Performance, where applicable, is based on  [***]
 
6
GUARANTEE COMPLIANCE
 
6.1
Compliance with the guarantees of Sections 2 and 3 shall be based on [***]
 
6.2
Compliance with the cruise range guarantee shall be established by [***]
 
6.3
Compliance with the Manufacturer's Empty Weight guarantee shall be based on [***]
 
6.4
The data derived from tests shall be adjusted as required by conventional methods of correction, interpolation or extrapolation in accordance with established engineering practices to show compliance with these guarantees.
 
6.5
Compliance shall be based on [***]
 
7
EXCLUSIVE GUARANTEES
 
The only performance guarantees applicable to the Aircraft are those set forth in this Attachment.

PA No. 2191 SA-21
BOEING PROPRIETARY
SS10-0226
AERO-B-BBA4-M10-0377
    

 
 
 


 
The Boeing Company
 
P.O. Box 3707
 
Seattle, WA 98124-2207

 
LA-1000842
COPA HOLDINGS, S.A.
Apartado 1572
Avenida Justo Arosemena y Calle 390
Panama 1, Paname

Subject:
Installation of Cabin Systems Equipment
 
Reference:
Purchase Agreement No. 2191 (Purchase Agreement) between The Boeing Company (Boeing) and COPA HOLDINGS, S.A (Customer) relating to Model 737-8V3 Aircraft [***]
 
This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement will have the same meaning as in the Purchase Agreement.
 
Customer has requested that Boeing install [***]
 
[***]
 
1.           Responsibilities.
 
1.1         Customer will:
 
 
1.1.1
[***]
 
 
1.1.2 
[***]
 
 
1.1.3 
[***]
 
[***]
[***]

 
 
 

 


1.1.4           [***]
 
1.1.5           negotiate and obtain [***]
 
1.1.6           provide [***]to Boeing by a mutually selected date (complete);
 
1.1.7           negotiate and obtain [***] and
 
1.1.8           include in Customer’s contract with [***]
 
1.1.9           The word “complete” after a subparagraph above denotes that Customer has completed its obligations under that subparagraph.
 
1.2         Boeing will:
 
1.2.1           [***]
 
1.2.2           [***]
 
1.2.3           [***]
 
1.2.4           negotiate[***] and enter into contracts with[***]
 
1.2.5           coordinate the [***]
 
1.2.6           ensure that [***]
 
1.2.7           obtain [***]
 
2.
Software.
 
[***]
 
2.1           [***]
 
2.2           [***]
 
2.2.1           Customer is solely responsible for [***] Boeing will [***]
 
2.2.2           [***]
 
2.2.3           Boeing has no obligation to approve [***] Boeing will only review and operate [***]
 
2.2.4           [***]
 
PA No. 2191
1
SA No. 7

 
 
 

COPA HOLDINGS, S.A.,INC.
LA-1 000842

 


3.
Changes.
 
3.1           After Boeing and [***] Any Customer request for changes to [***]
 
3.2           Boeing and Customer recognize that[***] If within [***]  days after such notification Customer and Boeing through negotiations [***]
 
3.3           [***]
 
3.4           [***]
 
4.
[***]
 
Boeing shall notify Customer in [***] in the event of a default [***]  Within fifteen [***]of Customer’s receipt of such notification, Boeing and Customer shall [***] If Boeing and Customer are [***]
 
5.
[***]
 
[***]
 
6.
[***]
 
If Customer does not comply with any of its obligations set forth herein, [***]
 
6.1           [***]
 
6.2           [***]
 
6.3           [***]
 
7.
[***]
 
7.1           [***]
 
7.2           [***]
 
8.
[***]
 
Customer will indemnify and hold harmless Boeing from and against [***]
 
9.
[***]
 
Title and risk of loss of [***] equipment will remain with [***] until [***]
 
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COPA HOLDINGS, S.A.,INC.
LA-1 000842

If the foregoing correctly sets forth your understanding of our agreement with respect to the matters treated above, please indicate your acceptance and approval below.
 
May 2010
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COPA HOLDINGS, S.A.,INC.
LA-1 000842


Very truly yours,
 
THE BOEING COMPANY
  
       
By
/s/ Kathie Weibel
  
       
Its
Attorney-In-Fact
  
       
ACCEPTED AND AGREED TO this
  
       
Date:
 
May     , 2010
   
       
COPA (COPA HOLDINGS, S.A., INC.
  
       
By
/s/  Pedro Heilbron
  
       
Its
Chief Executive Officer
  

May 2010
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COPA HOLDINGS, S.A.,INC.
LA-1 000842

Attachment A
[***]

The following Customer accepted Options describe(s) the items of [***]
 
Option Request Number and Title

1.           [***]
 
2.           [***]
 
3.           [***]
 
4.           [***]
 
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COPA HOLDINGS, S.A.,INC.
LA-1 000842

Attachment B
[***]

This Attachment B describes [***]
 
1. 
[***]

Boeing will perform [***]Boeing will have authority to [***]
 
 
(i)
Managing [***]
 
 
(ii)
Evaluating and approving [***]
 
 
(iii)
Defining [***]
 
 
(iv)
Scheduling and conducting [***]
 
 
(v)
Scheduling and conducting [***]
 
 
(vi)
Monitoring [***]
 
 
(vii)
Evaluating and approving [***]
 
 
(viii)
Leading the development of [***]
 
 
(ix)
Managing [***]
 
2. 
[***]

Boeing’s performance as[***] will include [***]Boeing will perform the [***]
 
 
(x)
As required, assist [***] approve such [***]   and develop [***]
 
 
(xi)
Coordinate Boeing, Customer and Supplier teams to ensure [***] and
 
 
(xii)
Organize and conduct [***] with Customer and [***] to review [***]
 
3. 
[***]

 
(xiii)
Boeing will coordinate [***]
 
May 2010
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COPA HOLDINGS, S.A.,INC.
LA-1 000842

 
(xiv)
The [***] will be required to [***]
 
 
(xv)
The [***] will assist [***]

May 2010
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