EX-10.23 23 y12303a1exv10w23.txt EX-10.23: SUPPLEMENTAL AGREEMENT NO.1 TO THE PURCHASE AGREEMENT NO. 2191 CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT Exhibit 10.23 Supplemental Agreement No. 1 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 ____________, 2001, by and between THE BOEING COMPANY, a Delaware corporation with its principal office in Seattle, Washington, (Boeing) and COPA HOLDINGS, S.A. , INC.; WHEREAS, the parties hereto entered into Purchase Agreement No. 2191 dated November 25, 1998 (the Agreement), as amended and supplemented, relating to Boeing Model 737-700 aircraft (the Aircraft); and **Material Redacted** 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. Table of Contents, Tables and Exhibits: 1.1 Remove and replace, in its entirety, the "Table of Contents", with the Table of Contents attached hereto, to reflect the changes made by this Supplemental Agreement No. 1. 1.3 Remove and replace, in its entirety, Table 1 entitled, "Aircraft Deliveries and Descriptions, Model 737-700 Aircraft", with revised Table 1 attached hereto, to reflect the delivery deceleration of one (1) 737-700 Aircraft from April 2002 to June 2002. 2. Letter Agreements: The 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. 1 TABLE OF CONTENTS
SA NUMBER ------ ARTICLES 1. Quantity, Model and Description 2. Delivery Schedule 3. Price 4. Payment 5. Miscellaneous TABLE 1. Aircraft Information Table SA 1 EXHIBIT A. Aircraft Configuration B. Aircraft Delivery Requirements and Responsibilities SUPPLEMENTAL EXHIBITS BFE1. BFE Variables CS1. Customer Support Variables EE1. Engine Escalation/Engine Warranty and Patent Indemnity SLP1. Service Life Policy Components LETTER AGREEMENTS 2191-01 Demonstration Flight Waiver 2191-02 **Material Redacted** 2191-03 Seller Purchased Equipment 6-1162-DAN-0123 Performance Guarantees 6-1162-DAN-0124 Special Matters
i 6-1162-DAN-0155 **Material Redacted** 6-1162-DAN-0156 Year 2000 Ready Software, Hardware and Firmware 6-1162-DAN-0157 Miscellaneous Matters
SUPPLEMENTAL AGREEMENTS DATES AS OF: ----------------------------- ------------ Supplemental Agreements No. 1 June, 2001
ii TABLE 1 TO PURCHASE AGREEMENT NO. 2191 AIRCRAFT DELIVERY, DESCRIPTION, PRICE AND ADVANCE PAYMENTS Airframe Model/MTGW: 737-800 154,500 Detail Specification: D6-38868-42-1 (11/25/1998) Engine Model: CFM56-7B26 Price Base Year: Jul-97 Airframe Price $ 36,374,000 Optional Features: $ 3,279,619 Airframe and Engine ------------ Escalation Data: Sub-Total of Airframe and Features: $ 39,653,619 Base Year Index (ECI): 137.30 Engine Price (Per Aircraft): $ 0 Base Year Index (ICI): 129.50 Aircraft Basic Price (Excluding BFE/SPE): $ 39,653,619 ============ Buyer Furnished Equipment (BFE) Estimate: $ 2,750,000 Seller Purchased Equipment (SPE) Estimate: $ 400,000 Refundable Deposit per Aircraft at Proposal Acceptance: $ 75,000
ESCALATION ADVANCE PAYMENT PER AIRCRAFT (AMTS. DUE/MOS. PRIOR TO DELIVERY): NUMBER ESCALATION ESCALATION ESTIMATE ADV ---------------------------------------------------------------- OF FACTOR CREDIT PAYMENT BASE AT SIGNING 24 MOS. 21/18/12/9/6/ MOS TOTAL DELIVERY DATE AIRCRAFT (AIRFRAME) MEMORANDUM PRICE PER A/P 1% 4% 5% 30% ------------- -------- ---------- ----------- ------------- ---------- ---------- ----------------- ------------- Jan-2000 1 1.0514 -$468,000 $ 41,674,000 $ 341,740 $1,666,960 $ 2,083,700 $ 12,502,200 Feb-2000 1 1.0541 -$472,000 $ 41,777,000 $ 342,770 $1,671,080 $ 2,088,850 $ 12,533,100 May-2000 2 1.0696 -$476,000 $ 42,388,000 $ 348,880 $1,695,520 $ 2,119,400 $ 12,716,400 May-2002 1 1.1299 -$504,000 $ 44,801,000 $ 373,010 $1,792,040 $ 2,240,050 $ 13,440,300 Jun-2002 1 1.1327 -$508,000 $ 44,908,000 $ 374,080 $1,796,320 $ 2,245,400 $ 13,472,400 Sep-2002 1 1.14 -$508,000 $ 45,197,000 $ 376,970 $1,807,880 $ 2,259,850 $ 13,559,100 Oct-2002 1 1.1425 -$512,000 $ 45,292,000 $ 377,920 $1,811,680 $ 2,264,600 $ 13,587,600