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


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]













	  	  	
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:

	
[***]













	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]













	  	  	
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:

	
[***]













	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]













	  	  	
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:

	
[***]













	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]













	  	  	
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:

	
[***]













	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]













	  	  	
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:

	
[***]













	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]













	  	  	
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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[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]














	
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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[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
[***]

	
[***]














	
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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[***]

	
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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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[***]

	
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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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[***]

	
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[***]

	
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[***]

	
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[***]

	
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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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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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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

	
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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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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[***]

	
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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

	
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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[***]

	
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[***]

	
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[***]

	
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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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[***]


	
[***]

	
[***]

	
[***]


	
[***]

	
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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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[***]

	
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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 [***]


 


May 2010



	
PA 2190 SA-21

	
2

	  









  





 











  








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



	
PA 2190 SA-21

	
3

	  









  





 











  








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



	
PA 2190 SA-21

	
4

	  









  





 











  








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.           [***]


 


May 2010



	
PA 2190 SA-21

	
5

	  









  





 











  








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



	
PA 2190 SA-21

	
6

	  









  





 











  











COPA HOLDINGS, S.A.,INC.


LA-1 000842








	
  

	
(xiv)

	
The [***] will be required to [***]







 



	
  

	
(xv)

	
The [***] will assist [***]












May 2010



	
PA 2190 SA-21

	
7