EX-10.50 3 c84632exv10w50.htm EXHIBIT 10.50 Exhibit 10.50
EXHIBIT 10.50
CONFIDENTIAL TREATMENT
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. 17
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                                         , 2008 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
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 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 1-9 entitled “Aircraft Information Table for Model 737-8V3 Aircraft” is attached hereto to reflect **Material Redacted**.
 
  1.4.   Letter Agreement No. 6-1162-LAJ-982R6 entitled “Special Matters” has been revised as follows: **Material Redacted**.
 
  1.5.   Letter Agreement No. 6-1162-RLL-4092 entitled “Advance Payment Matters for Aircraft listed in Table 1-9” is attached hereto to reflect **Material Redacted**.
         
PA No. 2191       SA No. 17

 

 

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   Page 2   SA No. 17

 

 

TABLE OF CONTENTS
         
    SA  
    NUMBER  
ARTICLES
        
 
        
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 13  
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 16  
1-9 Aircraft Information Table for Model 737-8V3 Aircraft
   SA 17  
 
        
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. 17

 

 

         
    SA  
    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-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-LAJ-982R5 Special Matters
   SA 16  
6-1162-LAJ-982R6 Special Matters
   SA 17  
6-1162-RLL-4092 Advance Payment Matters for Aircraft Listed in Table 1-9
   SA 17  
         
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 _____, 2008
         
PA No. 2191       SA No. 17

 

 

Table 1-9
Aircraft Information Table for 737-8V3
Delivery, Description, Price and Advance Payments
                         
Airframe Model/MTOW:
     737-800     174200 pounds          
 
                        
Engine Model/Thrust:
   CFM56-7B26     26400 pounds          
 
                        
Airframe Price:
           **Material Redacted**          
 
                        
Optional Features:
           **Material Redacted**          
 
                        
Sub-Total of Airframe and Features:
           **Material Redacted**          
 
                        
Engine Price (Per Aircraft):
                        
 
                        
Aircraft Basic Price (Excluding BFE/SPE):
           **Material Redacted**          
 
                        
Buyer Furnished Equipment (BFE) Estimate:
                        
 
                        
Seller Purchased Equipment (SPE) Estimate:
           **Material Redacted**          
 
                        
Refundable Deposit/Aircraft at Proposal Accept:
   **Material Redacted**                  
 
                        
Detail Specification:   D6-38808-43-1 Rev. d (7/20/2007) + changes accepted thru MSN 35125
 
                        
Airframe Price Base Year/Escalation Formula:
           Jul-08   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     Adv Payment Base     At Signing     24 Mos.     21/18/12/9/6 Mos.     Total  
Date   Aircraft     (Airframe)     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**
 
                                                        
TOTAL:
   **Material Redacted**                                                
         
PA No. 2191       SA No. 17

 

 

6-1162-LAJ-982R6
COPA HOLDINGS, S.A.
Apartado 1572
Avenida Justo Arosemena y Calle 39
Panama 1, Panama
     
Subject:
  Special Matters
 
    
Reference:
  Purchase Agreement No. 2191 (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. This Letter Agreement supersedes and replaces in its entirety Letter Agreement 6-1162-MJB-0017. All terms used but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement. In consideration of the Aircraft orders, Boeing provides the following to Customer.
1.   **Material Redacted**
 
2.   **Material Redacted**
 
3.   **Material Redacted**
 
4.   **Material Redacted**
 
5.   **Material Redacted**
 
6.   **Material Redacted**
 
7.   **Material Redacted**
 
8.   **Material Redacted**
 
9.   **Material Redacted**
 
10.   **Material Redacted**
 
11.   **Material Redacted**
 
12.   **Material Redacted**
 
13.   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.

 

 

ACCEPTED AND AGREED TO this
             
Date:
    , 2008    
 
           
THE BOEING COMPANY
         
By 
 
    
 
Its 
Attorney-In-Fact    
COPA HOLDINGS, S.A.
         
By 
 
    
 
Its 
Chief Executive Officer    

 

 

 

(BOEING LOGO)
The Boeing Company
P.O. Box 3707
Seattle, WA 98124-2207
6-1162-RLL-4092R1
COPA HOLDINGS, S.A.
Apartado 1572
Avenida Justo Arosemena y Calle 39
Panama 1, Panama
     
Subject:
  Advance Payment Matters for Aircraft listed in Table 1-9
 
    
Reference:
  Purchase Agreement No. 2191 (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. All terms used but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement. In consideration of the Aircraft orders, Boeing provides the following to Customer.
**Material Redacted**
1.   **Material Redacted**
 
2.   **Material Redacted**
 
3.   **Material Redacted**
 
4.   Confidential Treatment. Customer understands that certain commercial and financial information contained in this Letter Agreement is 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.
Very truly yours,
THE BOEING COMPANY
         
By
 
 
    
 
  Its Attorney-In-Fact    
P.A. No. 2191
Advance Payment Matters for Aircraft listed in Table 1-9
BOEING PROPRIETARY

 

 

(BOEING LOGO)
ACCEPTED AND AGREED TO this
             
Date:
    ,  2009    
 
 
 
        
COPA HOLDINGS, S.A.
         
By
 
 
    
  Its Chief Executive Officer
 
    
P.A. No. 2191
Advance Payment Matters for Aircraft listed in Table 1-9

 

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