EX-10.55 7 copaholdings-ex1055_1222.htm
Supplemental Agreement No. 22

to

Purchase Agreement No. 2191

between

The Boeing Company

and

COPA Holdings, S.A.

Relating to Boeing Model 737 Aircraft

THIS SUPPLEMENTAL AGREEMENT No. 22 (“Supplemental Agreement 22”) is entered into as of September 24, 2010 by and between THE BOEING COMPANY, a Delaware corporation with its principal office in Seattle, Washington, (Boeing) and COPA HOLDINGS, S.A. (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 is purchasing [***] aircraft [***];

WHEREAS, Customer and Boeing 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 as follows:
 
1.            Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Purchase Agreement.  The [***] 737-8V3 aircraft that Customer is purchasing are hereinafter defined as the Table 1-13 Aircraft.

2.            The “Table of Contents” of the Purchase Agreement is revised to reflect the changes made by this Supplemental Agreement 22 and a copy of such revised Table of Contents is attached hereto.

3.            Table 1-13, “Aircraft Delivery, Description, Price and Advance Payments”, attached hereto, is added to the Purchase Agreement providing the delivery and pricing information for the Table 1-13 Aircraft.

6.            Exhibit A-4 entitled “Aircraft Configuration for Customer’s 737-8V3 [***]” provides the configuration for the Table 1-13 Aircraft.

7.            Supplemental Exhibit BFE1, Buyer Furnished Equipment Variables is not revised because preliminary on-dock dates for these delivery positions are not available as they are outside the current production schedule.  [***]

PA No. 2191
Page 1
SA No. 22
September 2010
 
 
 
 

8.            [***]

9.            Letter Agreement 6-RLL-1162-3958R2, entitled “Option Aircraft Delivery, Description, Price and Advance Payments”, is [***].  The revised letter agreement 6-1962-RLL-3958R3 is attached hereto

10.          [***]

11.          [***]

12.          Letter Agreement COP-2191-LA-10001606 entitled [***] attached hereto, is added to the Purchase Agreement.

[***]

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.
 
PA No. 2191
Page 2
SA No. 22
September 2010

 
 
 

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 Wiebel
  
By:
/s/ Pedro Heilbron
         
Its:
Attorney-In-Fact
  
Its:
Chief Executive Officer

PA No. 2191
Page 3
SA No. 22
September 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 22
 
1-12
  
Aircraft Information Table for Model 737-8V3 Aircraft
SA 21
         
 
1-13
  
Aircraft Information Table for Model 737-8V3 Aircraft
SA 22
         
 
1-14
  
Aircraft Information Table for Model 737-8V3 Option Aircraft
SA 22
         
EXHIBIT
      
         
 
A-1
  
Aircraft Configuration for Model 737-7V3 Aircraft
SA 3
 
A-2
  
Aircraft Configuration for Model 737-8V3 Aircraft
SA 3

PA No. 2191
i
SA No. 22
September 2010


 
 
 

 
A-3
  
Aircraft Configuration for Model 737-8V3 Aircraft
SA 18
 
A-4
  
Aircraft Configuration for Model 737-8V3 Aircraft [***]
SA 22
         
 
B.
  
Aircraft Delivery Requirements and Responsibilities
SA 3
         
SUPPLEMENTAL EXHIBITS
  
         
 
AE1.
  
Escalation Adjustment Airframe and Optional Features
SA 10
         
 
BFE1.
  
BFE Variables
SA 22
         
 
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
  
[***]
  
 
2191-03
  
Seller Purchased Equipment
  
 
2191-03R1
  
Seller Purchased Equipment
SA-20
         
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-LAJ-982R3
  
Special Matters
SA 11
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
6-1162-RLL-3958R1
  
737-8V3 Option Aircraft
SA 18
6-1162-RLL-3958R2
  
737-8V3 Option Aircraft
SA 21
6-1162-RLL-3958R3
  
737-8V3 Option Aircraft
SA 22

PA No. 2191
ii
SA No. 22
September 2010

 
 
 

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 22
6-1162-RLL-4092
  
Advance Payment Matters for Aircraft Listed in Table 1-9
SA 17
6-1162-KSW-6417
  
[***]
SA 18
6-1162-KSW-6419
  
[***]
SA 20
6-1162-KSW-6419R1
  
[***]
SA 22
6-1162-KSW-6471
  
[***]
  
   
[***]
SA 22
LA-1000842
  
Installation of Cabin Systems Equipment
SA 21
LA-10001606
  
[***]
SA 22

PA No. 2191
iii
SA No. 22
September 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
Supplemental Agreement No. 21
May 28, 2010

PA No. 2191
iv
SA No. 22
September 2010


 
 
 

Table 1-13
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:
[***]
        
 
  
Number
Escalation
    
Escalation
Estimate
Adv Payment
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
Delivery
of
Factor
Serial
  
Base
[***]
[***]
[***]
[***]
Date
Aircraft
(Airframe)
Number
Escalation
Price Per A/P
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]

PA 2191 SA 22
Boeing Proprietary
9/2010
54965 54958
  
2

 
 
 

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

PA 2191 SA 22
Boeing Proprietary
9/2010
54965 54958
  
2

 
 
 
 
 
 
Boeing Commercial Airplanes
  
 
P.O. Box 3707
  
 
Seattle, WA  98124-2207
  

6-1162-LAJ-982R8

COPA HOLDINGS, S.A.
Urbanizacion Costa del Este
P.O. Box 0816-06819
Panama, Republic of Panama

Subject:
Special Matters
   
Reference:
Purchase Agreement No. 2191 as amended to date, including without limitation all exhibits, attachments, schedules and letter agreements thereto (the Purchase Agreement) between The Boeing Company (Boeing) and COPA HOLDINGS, S.A. (Customer) relating to Model 737 aircraft (the Aircraft)

This Letter Agreement amends and supplements the Purchase Agreement and supersedes and replaces in its entirety Letter Agreement 6-1162-LAJ-982R7.  All terms used but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement.  For purposes of this Letter Agreement “Incremental Aircraft” as defined in Supplemental Agreement 18 are “Aircraft” or “Table 1-10A&B Aircraft”; the exercised Option Aircraft in Supplemental Agreement 21 are “Table 1-12 Aircraft” and “Aircraft” and the “Table 1-13 Aircraft” are “Table 1-13 Aircraft” and “Aircraft”.

In consideration of [***] Boeing provides [***]
[***] Except as otherwise expressly stated below, [***]

1. [***] Concurrent with delivery of each Aircraft,  [***]
[***]

1.1.  [***]

1.2. [***]

2. [***] Concurrent with delivery of each Aircraft, [***]
[***]

2.1. [***]

2.2. [***]

PA 2191 SA 22
9/2010
 
 
 
 
 
 
COPA HOLDINGS, S.A.
6-1162-LAJ-982R8

3. [***] For those Aircraft that Customer [***]
[***] concurrent with delivery of each such Aircraft, [***]

3.1. [***]

3.2. [***]

4. [***]

4.1. [***] At the time of delivery of the [***] and [***] Aircraft with [***] respectively, Boeing will provide [***]
[***]

4.2 [***]

4.3.1. [***] At the time [***] of each [***] Aircraft delivering [***] Boeing will issue to Customer [***] using [***]

4.2.2 [***]   At the time of delivery of each [***] Aircraft delivering [***] Boeing will issue to Customer [***] to the time of [***]

4.2.3 [***]    At the time of [***] of each [***] Aircraft delivering in [***] , Boeing will issue to Customer a [***]

PA 2191 SA-22
2
9/2010

 
 
 
 
 
COPA HOLDINGS, S.A.
6-1162-LAJ-982R8

 
4.3 [***]

If Customer purchases [***] of the [***] Aircraft listed in [***] prior to [***] each [***] Aircraft listed in [***] subject to [***]

5. [***]

Notwithstanding the [***] of the [***] , Customer may [***] Aircraft identified [***] The [***] amounts due are calculated by taking the percentage listed multiplied by the Advance Payment Base Price.  The difference in the amount of [***] and the [***] is the amount of advance payments that are deferred (Deferred Advance Payments).  For those Aircraft not listed in this [***] Customer shall [***]

Tables, 1-5, 1-6, 1-8, 1-10A&B and 1-12 737-8V3Aircraft

[***]
[***]
[***]
[***]    % [***]
[***] Months Prior to Delivery
[***] %
[***] Months Prior to Delivery
[***] %
[***] Months Prior to Delivery
[***] %
[***] Months Prior to Delivery
[***] %
[***] Months Prior to Delivery
[***] %
[***] Months Prior to Delivery
[***] %
Total
[***] %

PA 2191 SA-22
3
9/2010


 
 
 
 
 
COPA HOLDINGS, S.A.
6-1162-LAJ-982R8
 
Table 1-13 737-8V3Aircraft

[***]
[***]                     
[***]
[***] % [***]
[***] Months Prior to Delivery
[***] %
[***] Months Prior to Delivery
[***] %
[***] Months Prior to Delivery
[***] %
[***] Months Prior to Delivery
[***] %
[***] Months Prior to Delivery
[***] %
Total
[***] %

6. [***]   Customer agrees to [***] of this Letter Agreement [***]

6.1     For those Aircraft listed [***] , the [***] will [***] The [***] for the [***] will be made at [***] .  [***] used for this calculation will be [***]

6.2     For those Aircraft listed in [***] , the [***] will [***] The [***] will be [***] and will be reset [***] Interest on [***] will be calculated [***]   Customer will be invoiced for [***]

7. [***] Intentionally omitted.  [***]

8. [***] Customer may exercise [***] for [***] and [***] model Aircraft by giving [***] Boeing will [***] to document [***] and present [***] to Customer for review and approval.

9. [***] Notwithstanding the [***] that would otherwise be calculated pursuant to [***] Boeing and Customer agree to [***]

10. [***] Notwithstanding the [***] that would otherwise be calculated pursuant to [***] Customer may [***] in accordance with the provisions of [***]   Those Aircraft for which Customer has elected to [***]

11. [***] Boeing agrees that, notwithstanding [***] or herein to the contrary at the time [***] the [***] that is determined by [***] applicable to the [***] will not exceed [***] for an Aircraft delivering in [***] As such, for Aircraft, set forth in [***] as of the date of [***]
11.1          If the [***] determined by [***] for a [***] the actual [***] determined by [***]

11.2          If the [***] determined by [***] is more than the [***] the [***] will be used.

PA 2191 SA-22
4
9/2010
 
 
 
 
 
 
COPA HOLDINGS, S.A.
6-1162-LAJ-982R8
 
11.3          For Aircraft, set forth in [***] as of the date of [***] that deliver after [***] as follows:

11.4          If the [***] determined by [***] is less than or equal [***] the [***] will be in accordance [***]

11.5          If the [***] determined by [***] is greater than [***] the [***] in accordance with [***]

11.6          The [***] for [***] identified in the [***] as subject to [***] and which pertains to an Aircraft, set forth in [***] shall be calculated [***]
11.7
12. [***]

Customer and Boeing agree that [***] apply to [***] as described [***] entitled [***] of [***] Customer and Boeing agree that [***] applicable.  The [***] contained in [***] as applicable, as well as the [***]

PA 2191 SA-22
5
9/2010
 
 
 
 
 
 
COPA HOLDINGS, S.A.
6-1162-LAJ-982R8
 
13.
Confidentiality.  The information contained herein represents confidential business information and has value precisely because it is not available generally or to other parties.  Except as otherwise required by applicable law, regulation or legal process, Customer will limit the disclosure of its contents to employees, counsel and auditors of Customer with a need to know the contents for purposes of helping Customer perform its obligations under the Purchase Agreement or advising Customer with respect thereto and who understand they are not to disclose its contents to any other person or entity in violation of the provisions of this Paragraph 13.

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

PA 2191 SA-22
6
9/2010
 
 
 
 
 
 
 
Boeing Commercial Airplanes
  
 
P.O. Box 3707
  
 
Seattle, WA  98124-2207
  
 
6-1162-RLL-3958R3

COPA HOLDINGS, S.A.
Urbanizacion Costa del Este
P.O. Box 0816-06819
Panama, Republic of Panama

Subject:
Option Aircraft
   
Reference:
Purchase Agreement No. 2191 as amended to date, including without limitation all exhibits, attachments, schedules and letter agreements thereto (the Purchase Agreement) between The Boeing Company (Boeing) and COPA HOLDINGS, S.A. (Customer) relating to Model 737 aircraft (the Aircraft)

This Letter Agreement amends the Purchase Agreement and supersedes and replaces in its entirety Letter Agreement 6-1162-RLL-3958R2.  All terms used but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement.

Boeing agrees [***] The options for [***] have been [***] New [***] are provided in [***]
[***] a copy of each of which is attached hereto.  The [***] are listed in [***] and [***] to this Letter Agreement.  The [***] shown includes [***]

1.            Aircraft Description and Changes

1.1           Aircraft Description:  The Option Aircraft are described by the [***].

1.2           Changes:  The Detail Specification will be revised to include:

 
(i)
[***]
 
(ii)
[***] and
 
(iii)
[***]

PA No. 2191
SA-22
Option Aircraft
9/10
 
 
 
 
 

COPA HOLDINGS, S.A
6-1162-RLL-3958R3


2. 
Price

 
2.1 
[***]

 
2.2 
[***].

2.2.1           [***] The [***] for [***] selected [***] will be [***] as of the date of [***]
 
2.2.2           [***] The [***] and the [***] of [***] for [***] will be [***] the Aircraft, and will be [***]

2.2.3           [***] The [***] of the [***] will be [***]

3. 
Payment.

3.1           Customer will pay [***] If Customer exercises [***] the [***] If Customer does not [***] Boeing will [***]

3.2           Following [***] The remainder of [***] for the [***] will be [***]

PA No. 2191
SA-22
Option Aircraft
9/10

 
2
 

COPA HOLDINGS, S.A
6-1162-RLL-3958R3


4.           Option Exercise.

4.1           Customer may [***] in respect of [***] by giving [***] prior to [***] of the relevant [***] as listed in [***]

4.2           If Boeing must [***] which are dependent on [***] Boeing may [***] If Boeing and Customer fail to agree [***] either party may [***]

5.           [***]

5.1           The (1) [***] and the (1) [***] were [***]  with [***] and (1) [***] These [***]  were [***] in [***] and are not covered in [***] These [***] represent [***]

6.           Contract Terms.

Boeing and Customer will use [***] In the event the parties [***] either party may [***] If Customer and Boeing fail to [***]

P.A. 2191
SA-22
Option Aircraft
9/10
 
 
3
 

 
COPA HOLDINGS, S.A
6-1162-RLL-3958R3

 
Very truly yours,

THE BOEING COMPANY
  
     
By
/s/ Kathie Weibel
  
     
Its
Attorney-In-Fact
  
     
ACCEPTED AND AGREED TO this
  
   
Date: September                         , 2010
  
   
COPA HOLDINGS, S.A.
  
     
By
/s/ Pedro Heilbron
  
     
Its
Chief Executive Officer
  
     
Attachment – Table 1-11 and 1-14
  

P.A. 2191
SA-22
Option Aircraft
9/10

 
4
 

Table 1-11
Option 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:
[***]
        
           
Non-Refundable Deposit/Aircraft at Def Agreemt:
[***]
        
 
    
Escalation
    
Escalation
Estimate
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
Delivery
Number of
Factor
 
   
Adv Payment Base
[***]
[***]
[***]
[***]
Date
Aircraft
(Airframe)
 
 
Price Per A/P
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
 
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
 
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]

COP-54039-10.TXT
Boeing Proprietary
Sep 2010
PA No. 2191 SA-22
  
Page 1
 
 
 
 

Attachment to
6-1162-RLL-3958R3

Table 1-14
Option 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:
[***]
        
           
Non-Refundable Deposit/Aircraft at Def Agreemt:
[***]
        
 
  
 
Escalation
    
Escalation
Estimate
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
Delivery
Number of
Factor
 
  
Adv Payment Base
[***]
[***]
[***]
[***]
Date
Aircraft
(Airframe)
 
 
Price Per A/P
[***]
[***]
[***]
[***]
[***]
[***]
[***]
  
 
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
 
 
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
 
 
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
 
 
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
 
 
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
 
 
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
 
 
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
 
 
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
 
 
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
 
 
[***]
[***]
[***]
[***]
[***]
 
COP{ PA 2191 SA-22
Boeing Proprietary
9/2010
54695-1O.TXT
  
Page 1
 
 
 
 
 
Boeing Survey (continued)
Page 2
 
[***]
[***]
[***]
 
 
[***]
[***]
[***]
[***]
[***]
 
 
 
 
 
 
Boeing Commercial Airplanes
 
P.O. Box 3707
 
Seattle, WA  98124-2207


6-1162-KSW-6419R1

COPA HOLDINGS, S.A.
Urbanizacion Costa del Este
P.O. Box 0816-06819
Panama, Republic of Panama

Subject: 
[***]

Reference:
Purchase Agreement No. 2191, as amended to date, including without limitation all exhibits, attachments, schedules and letter agreements thereto (the Purchase Agreement), between The Boeing Company (Boeing) and COPA HOLDINGS, S.A. (Customer) relating to Model 737-8V3 aircraft (the Aircraft)
 
[***]

 
 
 

COPA HOLDINGS, S.A., INC.
6-1162-KSW-6419R1
Page 2


 
6.           The information contained herein represents confidential business information and has value precisely because it is not available generally or to other parties.  Except as otherwise required by applicable law, regulation or legal process, Customer will limit the disclosure of its contents to employees, counsel and auditors of Customer with a need to know the contents for purposes of helping Customer perform its obligations under the Purchase Agreement or advising Customer with respect thereto and who understand they are not to disclose its contents to any other person or entity in violation of the provisions of this Paragraph 6.

Very truly yours,

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

P.A. No. 2191
SA-22
[***]
  
09/10
Boeing Proprietary
 
 
 
 

Attachment A to Letter Agreement 6-1162-KSW-6419R1
 
[***]
 
Airframe Model
737-800
   
Engine Model:
CFM56-7B26
   
Airframe Price Base Year
[***]
   
Engine Price Base Year
[***]

Delivery
Month and
Year
Subject Aircraft
Serial Number
Applicable
Combined
Airframe/Engine
Escalation
Provisions
Election Period
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]

P.A. No. 2191
  
SA-22
   
09/10
 
Boeing Proprietary
  

 
 
 

Attachment A to Letter Agreement 6-1162-KSW-6419R1
 
[***]
 
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
 
P.A. No. 2191
  
SA-22
   
09/10
 
Boeing Proprietary
  

 
 
 

 
Boeing Commercial Airplanes
P.O. Box 3707
Seattle, Washington 98124-2207
U.S.A.

Reference:
Purchase Agreement No. 2191 dated as of November 25, 1998, as amended to date, including all exhibits, attachments, schedules and letter agreements thereto, between The Boeing Company (Boeing) and COPA HOLDINGS, S.A. (the Purchase Agreement)
 
Attention:
Vice President – Contracts
Mail Code 21-34
 
Pursuant to Article 2 of Letter Agreement 6-1162-KSW-6419 (Letter Agreement) to the Purchase Agreement and subject to the provisions of Article 3 of such Letter Agreement, COPA HOLDINGS, S.A. [***]:
 
Airframe Model:
Airframe Price Base Year:
  
     
Engine Model:
Engine Price Base Year:
[***]

Delivery Month and Year
Candidate Aircraft
Serial Number
Combined
Airframe/Engine
Escalation Factor
     
     

COPA HOLDINGS, S.A.
  
     
By
    
     
Its
    
     
Dated
    
     
[***]
    
     
THE BOEING COMPANY
  
     
By
    
     
Its
Attorney-in-Fact
  
     
Dated
    

P.A. No. 2191
  
SA-22
   
09/10
 
Boeing Proprietary
  
 
 
 
 

The Boeing Company
P.O. Box 3707
Seattle, WA 98124-2207
   
LA-1001606
 
COPA HOLDINGS S.A.
Urbanización Costa del Este
P.O. Box 0816-06819
Panama, Republic of Panama

Subject:
[***]
 
Reference:
Purchase Agreement No. PA-2191 as amended to date, including without limitation all exhibits, attachments, schedules and letter agreements thereto (Purchase Agreement) between The Boeing Company (Boeing) and COPA Holdings S.A. (Customer) relating to Model 737-800 aircraft (Aircraft)
 
[***]
 
1.2          [***]
 
COP-PA-2191-LA-1001606
  
SA-22
[***]
  
LA Page 1
 
Boeing Proprietary
  

 
 
 


4.
Confidential Treatment.
 
The information contained herein represents confidential business information and has value precisely because it is not available generally or to other parties. Except as otherwise required by applicable law, regulation or legal process, Customer will limit the disclosure of its contents to employees, counsel and auditors of Customer with a need to know the contents for purposes of helping Customer perform its obligations under the Purchase Agreement or advising Customer with respect thereto and who understand they are not to disclose its contents to any other person or entity in violation of the provisions of this Paragraph 4.

COP-PA-2191-LA-1001606
  
SA-22
[***]
  
LA Page 2
 
Boeing Proprietary
  

 
 
 


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

COP-PA-2191-LA-1001606
  
SA-22
[***]
  
LA Page 3
 
Boeing Proprietary