Document:

aaww-ex1025_828.htm

 

Exhibit 10.25

 

PURCHASE AGREEMENT NUMBER AH5-PA-05168

 

between

 

THE BOEING COMPANY

 

and

 

ATLAS AIR WORLDWIDE HOLDINGS, INC.

 

relating to

 

BOEING MODEL 777-F AIRCRAFT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[ * ] = Portions of this exhibit have been omitted pursuant to a confidential treatment request.  An unredacted version of this exhibit has been filed separately with the Commission.

 

		
	
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TABLE OF CONTENTS

	
 
	
 
	
 
	
 

	
ARTICLES
	
 
	
 
	
 

	
Article 1.
	
Quantity, Model and Description
	
 
	
 

	
Article 2. 
	
Delivery Schedule
	
 
	
 

	
Article 3.
	
Price
	
 
	
 

	
Article 4.
	
Payment
	
 
	
 

	
Article 5.
	
Additional Terms
	
 
	
 

	
 
	
 
	
 
	
 

	
TABLE
	
 
	
 

	
1.
	
Aircraft Information Table
	
 
	
 

	
 
	
 
	
 
	
 

	
EXHIBIT
	
 
	
 

	
A.
	
Aircraft Configuration
	
 
	
 

	
B.
	
Aircraft Delivery Requirements and Responsibilities
	
 
	
 

	
 
	
 
	
 
	
 

	
SUPPLEMENTAL EXHIBITS
	
 
	
 

	
AE1.
	
Airframe and Optional Features Escalation Adjustment
	
 
	
 

	
BFE1.
	
BFE Variables.
	
 
	
 

	
CS1.
	
Customer Support Variables.
	
 
	
 

	
EE1.
	
Engine Escalation Adjustment, Engine Warranty and Patent Indemnity
	
 
	
 

	
SLP1.
	
Service Life Policy Components
	
 
	
 

 

 

		
	
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LETTER AGREEMENTS

 

	
LA-2105144
	
LA-[ * ]

	
LA-2105145
	
LA-[ * ]

	
LA-2105146
	
LA-[ * ]

	
LA-2105154
	
LA-[ * ]

	
LA-2105156
	
LA-[ * ]

	
LA-2105159
	
LA-[ * ]

	
LA-2105327
	
LA-[ * ]

	
LA-2105751
	
LA-[ * ]

	
LA-2105201
	
LA-[ * ]

	
LA-2105768
	
LA-[ * ]

 

 

		
	
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PURCHASE AGREEMENT NO. PA-05168

 

between

 

THE BOEING COMPANY

 

and

 

ATLAS AIR WORLDWIDE HOLDINGS, INC.

 

This Purchase Agreement No. PA-05168 between The Boeing Company, a Delaware corporation, (Boeing) and Atlas Air Worldwide Holdings, Inc., a New York corporation, (Customer), binding and in full force and effect on the date executed below (Effective Date), relating to the purchase and sale of Model 777-F aircraft together with all tables, exhibits, supplemental exhibits, letter agreements and other attachments thereto, if any, (Purchase Agreement) incorporates the terms and conditions (except as specifically set forth below) of the Aircraft General Terms Agreement dated as of June 6, 1997 between the parties, identified as AGTA-TLS (AGTA).

Atlas Air Worldwide Holdings, Inc., parent company of Atlas Air, Inc., agrees to be bound by all obligations of Customer under the AGTA, including but not limited to Article 12 of Part 2 of Exhibit C of the AGTA relating to DISCLAIMER AND RELEASE and EXCLUSION OF CONSEQUENTIAL AND OTHER DAMAGES. For purposes of this Purchase Agreement, all references to “Customer” in the AGTA will mean Atlas Air Worldwide Holdings, Inc.

 

	
 
	
1.
	
Quantity, Model and Description.

The aircraft to be delivered to Customer will be designated as Model 777-F aircraft (Aircraft). Boeing will manufacture and sell to Customer Aircraft conforming to the configuration described [ * ] the quantities listed [ * ] to the Purchase Agreement.

	
 
	
2.
	
Delivery Schedule.

The scheduled months of delivery of the Aircraft are  listed  in  [ * ]. [ * ]. Exhibit B describes certain responsibilities for both Customer and Boeing in order to accomplish the delivery of the Aircraft.

	
 
	
3.
	
Price.

3.1Aircraft Basic Price. The Aircraft Basic Price [ * ] and is subject [ * ] in accordance with the terms of this Purchase Agreement.

3.2Advance Payment Base Prices. The Advance Payment Base Prices listed in Table 1 were [ * ] to Boeing on the date of this Purchase Agreement projected to the month of scheduled delivery.

 

		
	
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4.
	
Payment.

4.1Boeing acknowledges receipt of a deposit in [ * ] for each Aircraft (Deposit).

4.2The standard advance payment schedule for the Model 777-F aircraft requires Customer to make certain advance payments, [ * ]  the Advance Payment Base Price of each Aircraft [ * ], less the Deposit, due within [ * ] of the Effective Date. [ * ] advance payments for each Aircraft are due as specified in and on the first business day of the months [ * ].

4.3For any Aircraft whose scheduled month of delivery [ * ] from the Effective Date, the total amount of advance payments due within [ * ] of the Effective Date [ * ]  which are [ * ] in accordance with the standard advance payment schedule set forth [ * ].

4.4Customer will pay the balance of the Aircraft Price of each Aircraft at delivery.

	
 
	
5.
	
Additional Terms.

5.1Aircraft Information Table. Table 1 consolidates information [ * ]  with respect to (i) quantity of Aircraft, (ii) applicable Detail Specification, (iii) month and year of scheduled deliveries, (iv) Aircraft Basic Price, (v) applicable escalation factors and (vi) Advance Payment Base Prices and advance payments and their schedules.

5.2Airframe and Optional Features Escalation Adjustment. Supplemental Exhibit AE1 contains the applicable airframe and optional features escalation formula. The provisions of Exhibit D to the AGTA are not applicable to this Purchase Agreement.

5.3Buyer Furnished Equipment Variables. Supplemental Exhibit BFE1 contains supplier selection dates, on-dock dates and other variables applicable to the Aircraft.

5.4Customer Support Variables. Information, training, services and other things furnished by Boeing in support of introduction of the Aircraft into Customer’s fleet are described in Supplemental Exhibit CS1. If Customer obtains, or is set to obtain, duplicative training and planning assistance from that set out in Supplemental Exhibit CS1, then Boeing may adjust Supplemental Exhibit CS1 accordingly.

5.5Engine Escalation Adjustment. Supplemental Exhibit EE1 contains: [ * ]  the engine warranty and the engine patent indemnity for the Aircraft.

5.6Service Life Policy Component Variables. Supplemental Exhibit SLP1 lists the SLP Components covered by the Service Life Policy for the Aircraft.

5.7Public Announcement. Each of Customer and Boeing reserves the right to make a public announcement [ * ].

5.8Negotiated Agreement; Entire Agreement. This Purchase Agreement, including the provisions of Article 8.2 of the AGTA relating to insurance, and Article 11 of Part 2 of Exhibit C of the AGTA relating to DISCLAIMER AND RELEASE and EXCLUSION OF CONSEQUENTIAL AND OTHER DAMAGES, [ * ]. This Purchase Agreement, including the AGTA, contains the entire agreement between the parties and supersedes all previous proposals, understandings, commitments or representations 

 

		
	
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whatsoever, oral or written, and may be changed only in writing signed by authorized representatives of the parties.

 

AGREED AND ACCEPTED this

 

			
	
December 27, 2021
	
 
	
 

	
Date
	
 
	
 

	
 
	
 
	
 

	
THE BOEING COMPANY
	
 
	
Atlas Air Worldwide Holdings, Inc.

 

	
[ * ]
	
 
	
/s/ John Dietrich

	
Signature
	
 
	
Signature

	
 
	
 
	
 

	
[ * ]
	
 
	
John Dietrich

	
Printed name
	
 
	
Printed name

	
 
	
 
	
 

	
Attorney-in-Fact
	
 
	
President & Chief Executive Officer

	
Title
	
 
	
Title

 

 

		
	
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Table 1 To

Purchase Agreement No. PA-05168

Aircraft Delivery, Description, Price and Advance Payments

 

 

					
	
Airframe Model/MTOW:777-Freighter

Engine Model/Thrust:[ * ]

Airframe Price:
	
[ * ]

[ * ]

 

[ * ]

 
	
Configuration Specification:

Airframe Price [ * ] Formula: 

Engine Price [ * ]  Formula:
	
[ * ]

 

[ * ]
	
 

 

[ * ]

 

	
Optional Features:
	
[ * ]

 
	
 
	
 
	
 

	
Sub-Total of Airframe and Features:
	
[ * ]
	
Airframe Escalation Data:
	
 
	
 

	
Engine Price (Per Aircraft):
	
[ * ]

 
	
[ * ]:
	
[ * ]

 
	
 

	
Aircraft Basic Price (Excluding BFE/SPE):
	
[ * ]
	
[ * ]:
	
[ * ]

 
	
 

	
Buyer Furnished Equipment (BFE) Estimate:
	
[ * ]
	
 
	
 
	
 

	
Seller Purchased Equipment (SPE) Estimate:
	
[ * ]

 
	
 
	
 
	
 

	
 

[ * ]:
	
 

[ * ]

 
	
 
	
 
	
 

 

 

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

	
Nov-2022
	
1
	
[ * ]
	
 
	
 
	
[ * ]
	
[ * ]
	
[ * ]
	
[ * ]
	
[ * ]

	
May-2023
	
1
	
[ * ]
	
 
	
 
	
[ * ]
	
[ * ]
	
[ * ]
	
[ * ]
	
[ * ]

	
Oct-2023
	
1
	
[ * ]
	
 
	
 
	
[ * ]
	
[ * ]
	
[ * ]
	
[ * ]
	
[ * ]

	
Nov-2023
	
1
	
[ * ]
	
 
	
 
	
[ * ]
	
[ * ]
	
[ * ]
	
[ * ]
	
[ * ]

Total:4

 

 

 

 

 

 

AIRCRAFT DELIVERY REQUIREMENTS AND RESPONSIBILITIES

 

between

 

THE BOEING COMPANY

 

and

ATLAS AIR WORLDWIDE HOLDINGS, INC. EXHIBIT B to PURCHASE AGREEMENT NUMBER PA-

05168

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page  1

BOEING PROPRIETARY

 

 

EXHIBIT B

 

AIRCRAFT DELIVERY REQUIREMENTS AND RESPONSIBILITIES

 

relating to

 

BOEING MODEL 777-F AIRCRAFT

 

Both Boeing and Customer have certain documentation and approval responsibilities at various times during the construction cycle of the Aircraft that are critical to making the delivery of each Aircraft a positive experience for both parties. This Exhibit B documents those responsibilities and indicates recommended completion deadlines for the actions to be accomplished.

	
 
	
1.
	
GOVERNMENT DOCUMENTATION REQUIREMENTS.

Certain actions are required to be taken by Customer in advance of the scheduled delivery month of each Aircraft with respect to obtaining certain government issued documentation.

1.1Airworthiness and Registration Documents. Not later than [ * ] prior to delivery of each Aircraft, Customer will notify Boeing of the registration number to be painted on the side of the Aircraft. If required by the regulatory authority, Customer will authorize, by letter to the regulatory authority having jurisdiction, the display of such registration numbers by Boeing during the pre-delivery testing of the Aircraft, no later than [ * ] prior to delivery of each Aircraft.

Customer is responsible for furnishing any temporary or permanent registration certificates required by any governmental authority having jurisdiction to be displayed aboard the Aircraft after delivery.

1.2Certificate of Sanitary Construction.

1.2.1U.S. Registered Aircraft. Boeing will obtain from the United States Public Health Service, a United States Certificate of Sanitary Construction to be displayed aboard each Aircraft after delivery to Customer. The above Boeing obligation only applies to commercial passenger aircraft.

1.2.2Non-U.S. Registered Aircraft. If Customer requires a United States Certificate of Sanitary Construction at the time of delivery of the Aircraft, Customer will give written notice thereof to Boeing at least [ * ] prior to delivery. Boeing will then use commercially reasonable efforts to obtain the certificate from the United States Public Health Service and present it to Customer at the time of Aircraft delivery. The above Boeing obligation only applies to commercial passenger aircraft.

1.3Customs Documentation.

1.3.1Import Documentation. If the Aircraft is intended to be exported from the United States, Customer must notify Boeing not later than [ * ] prior to delivery of each Aircraft of any documentation required by the customs authorities or by any other agency of the country of import.

 

		
	
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1.3.2General Declaration - U.S. If the Aircraft is intended to be exported from the United States, Boeing will prepare Customs Form 7507, General Declaration, for execution by U.S. Customs immediately prior to the ferry flight of the Aircraft. For this purpose, Customer will furnish to Boeing not later than [ * ] prior to delivery all information required by U.S. Customs and Border Protection, including without limitation (i) a complete crew and passenger list identifying the names, birth dates, passport numbers and passport expiration dates of all crew and passengers and (ii) a complete ferry flight itinerary, including point of exit from the United States for the Aircraft.

If Customer intends, during the ferry flight of an Aircraft, to land at a U.S. airport after clearing Customs at delivery, Customer must notify  Boeing  not  later  than  [ * ] prior to delivery of such intention. If Boeing receives such notification, Boeing will provide to Customer the documents constituting a customs permit to proceed, allowing such Aircraft to depart after any such landing. Sufficient copies of completed Form 7507, along with passenger manifest, will be furnished to Customer to cover U.S. stops scheduled for the ferry flight.

1.3.3Export Declaration - U.S. If the Aircraft is intended to be exported from the United States following delivery, and (i) Customer is a non-U.S. customer, Boeing will file an export declaration electronically with U.S. Customs and Border Protection (CBP), or (ii) Customer is a U.S. customer, it is the responsibility of the U.S. customer, as the exporter of record, to file the export declaration with CBP.

	
 
	
2.
	
INSURANCE CERTIFICATES.

Unless provided earlier, Customer will provide to Boeing not later than [ * ] prior to delivery of the first Aircraft, a copy of the requisite annual insurance certificate in accordance with the requirements of Article 8 of the AGTA.

	
 
	
3.
	
NOTICE OF FLYAWAY CONFIGURATION.

Not later than [ * ] prior to delivery of the Aircraft, Customer will provide to Boeing a configuration letter stating the requested "flyaway configuration" of the Aircraft for its ferry flight. This configuration letter should include:

	
 
	
(i)
	
the name of the company which is to furnish fuel for the ferry flight and any scheduled post-delivery flight training, the method of payment for such fuel, and fuel load for the ferry flight;

	
 
	
(ii)
	
the cargo to be loaded and where it is to be stowed  on board the Aircraft, the address where cargo is to be shipped after flyaway and notification of any hazardous materials requiring special handling;

	
 
	
(iii)
	
any BFE equipment to be removed prior to flyaway and returned to Boeing BFE stores for installation on Customer's subsequent Aircraft;

	
 
	
(iv)
	
a complete list of names and citizenship of each crew member and non-revenue passenger who will be aboard the ferry flight; and

	
 
	
(v)
	
a complete ferry flight itinerary.

 

		
	
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4.
	
DELIVERY ACTIONS BY BOEING.

4.1Schedule of Inspections. All FAA, Boeing, Customer and, if required, U.S. Customs Bureau inspections will be scheduled by Boeing for completion prior to delivery or departure of the Aircraft. Customer will be informed of such schedules [ * ].

4.2Schedule of Demonstration Flights. All FAA and Customer demonstration flights will be scheduled by Boeing for completion prior to delivery of the Aircraft.

4.3Schedule for Customer's Flight Crew. Boeing will inform Customer of the date that a flight crew is required for acceptance routines associated with delivery of the Aircraft.

4.4Fuel Provided by Boeing. Boeing will provide to Customer, without charge, the amount of fuel shown in U.S. gallons in the table below for the model of Aircraft being delivered and full capacity of engine oil at the time of delivery or prior to the ferry flight of the Aircraft.

Aircraft ModelFuel Provided

777[ * ]

 

4.5Flight Crew and Passenger Consumables. Boeing will provide reasonable quantities of food, coat hangers, towels, toilet tissue, drinking cups and soap for the first segment of the ferry flight for the Aircraft.

4.6Delivery Papers, Documents and Data. Boeing will have available at the time of delivery of the Aircraft certain delivery papers, documents and data for execution and delivery. If title for the Aircraft will be transferred to Customer through a Boeing subsidiary and if the Aircraft will be registered with the FAA, Boeing will pre-position in Oklahoma City, Oklahoma, for filing with the FAA at the time of delivery of the Aircraft an executed original Form-8050--2, Aircraft Bill of Sale, indicating transfer of title to the Aircraft from Boeing's subsidiary to Customer. It is understood by the parties that the Convention on International Interests in Mobile Equipment and the Protocol to the Convention on Matters Specific to Aircraft Equipment and the regulations issued thereunder (collectively, the “Cape Town Convention”) will be applicable to the Purchase Agreement. The parties agree that each shall appoint an administrator and/or a professional registry user entity, as applicable, that can consent to the registration of Customer’s international interest in the Aircraft with the international registry located in Dublin, Ireland (the “International Registry”). Further, Boeing shall consent to Customer’s filing of its international interest in the Aircraft after passage of title to the Aircraft from Boeing to the Customer, provided that such filing is correct and complete.

4.7Delegation of Authority. If specifically requested in advance by Customer, Boeing will present a certified copy of a delegation of authority, designating and authorizing certain persons to act on its behalf in connection with delivery of the Aircraft.

	
 
	
5.
	
DELIVERY ACTIONS BY CUSTOMER.

5.1Aircraft Radio Station License. At delivery Customer will provide its aircraft radio station license to be placed on board the Aircraft following delivery.

5.2Aircraft Flight Log. At delivery Customer will provide the aircraft flight log for the Aircraft.

5.3Delegation of Authority. Customer will present to Boeing at delivery of the Aircraft an original or certified copy of Customer's delegation of authority designating 

 

		
	
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and authorizing certain persons to act on its behalf in connection with delivery of the specified Aircraft.

5.4TSA Waiver Approval. Customer may be required to have an approved Transportation Security Administration (TSA) waiver for the ferry flight depending upon the Customer’s en-route stop(s) and destination unless the Customer already has a TSA approved security program in place. Customer is responsible for application of the TSA waiver and obtaining TSA approval. Customer will provide a copy of the approved TSA waiver to Boeing upon arrival at the Boeing delivery center.

5.5Electronic Advance Passenger Information System. Should the ferry flight of an Aircraft leave the United States, the Department of Homeland Security office requires Customer to comply with the Electronic Advance Passenger Information System (eAPIS). Customer needs to establish their own account with US Customs and Border Protection in order to file for departure. A copy of the eAPIS forms is to be provided by Customer to Boeing upon arrival of Customer’s acceptance team at the Boeing delivery center.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

		
	
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AIRFRAME AND OPTIONAL FEATURES ESCALATION ADJUSTMENT

 

between

 

THE BOEING COMPANY

 

and

 

ATLAS AIR WORLDWIDE HOLDINGS, INC.

 

Supplemental Exhibit AE1

to Purchase Agreement Number PA-05168

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

			
	
 
	
 
	
Page 1

	
BOEING PROPRIETARY

 

 

 

 

AIRFRAME AND OPTIONAL FEATURES ESCALATION ADJUSTMENT

 

relating to

 

BOEING MODEL 777-F AIRCRAFT

 

	
 
	
1.
	
Formula.

Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula:

 

Pa = [ * ]

 

Where:

 

Pa =Airframe Price Adjustment.

 

[ * ] =Airframe Price plus the price of the Optional Features (as set forth in Table 1 of this Purchase Agreement).

 

[ * ]  =  [ * ]  

Where:

 

[ * ] is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement);

 

[ * ] is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics, [ * ], calculated by establishing a [ * ] arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the [ * ] prior to the month of scheduled delivery of the applicable Aircraft. As the [ * ] values are only released on a quarterly basis, the value released for the first quarter will be used for the months of January, February, and March; the value released for the second quarter will be used for the months of April, May, and June; the value released for the third quarter will be used for the months of July, August, and September; the value released for the fourth quarter will be used for the months of October, November, and December.

 

[ * ] = [ * ] 

Where:

 

[ * ] is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement); and

 

 

			
	
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[ * ] is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics, [ * ], calculated as a three (3) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th, and 13th months prior to the month of scheduled delivery of the applicable Aircraft.

 

As an example, for an Aircraft scheduled to be delivered in the month of July, the months of June, July, and August of the preceding year will be utilized in determining the value of [ * ].

Note:

	
 
	
(i)
	
In determining the values of L and M, all calculations and resulting values will be expressed as a decimal rounded to the nearest ten-thousandth.

	
 
	
(ii)
	
[  *  ] is the numeric ratio attributed to labor in the Airframe Price Adjustment formula.

	
 
	
(iii)
	
[ * ] is the numeric ratio attributed to materials in the Airframe Price Adjustment formula.

	
 
	
(iv)
	
The denominators (base year indices) are the actual average values reported by the U.S. Department of Labor, Bureau of Labor Statistics. The actual average values are calculated as a [ * ] arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the [ * ]months prior to the airframe base year. The applicable base year and corresponding denominator is provided by Boeing in Table 1 of this Purchase Agreement.

	
 
	
(v)
	
The final value of Pa will be rounded to the nearest dollar.

	
 
	
(vi)
	
The Airframe Price Adjustment will not be made if it will result in a decrease in the Aircraft Basic Price.

	
 
	
2.
	
Values to be Utilized in the Event of Unavailability.

2.1If the Bureau of Labor Statistics substantially revises the methodology used for the determination of the values to be used to determine the [ * ] values (in contrast to benchmark adjustments or other corrections of previously released values), or for any reason has not released values needed to determine the applicable Airframe Price Adjustment, the parties will, prior to the delivery of any such Aircraft, select a substitute from other Bureau of Labor Statistics data or similar data reported by non-governmental organizations. Such substitute will result in the same adjustment, insofar as possible, as would have been calculated utilizing the original values adjusted for fluctuation during the applicable time period. However, if within [ * ] after delivery of the Aircraft, the Bureau of Labor Statistics should resume releasing values for the months needed to determine the Airframe Price Adjustment, such values will be used to determine any increase or decrease in the Airframe Price Adjustment for the Aircraft from that determined at the time of delivery of the Aircraft.

 

 

			
	
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2.2Notwithstanding Article 2.1 above, if prior to the scheduled delivery month of an Aircraft the Bureau of Labor Statistics changes the base year for determination of the [ * ] values as defined above, such re-based values will be incorporated in the Airframe Price Adjustment calculation.

2.3In the event escalation provisions are made non-enforceable or otherwise rendered void by any agency of the United States Government, the parties agree, to the extent they may lawfully do so, to equitably adjust the Aircraft Price of any affected Aircraft to reflect an allowance for increases or decreases consistent with the applicable provisions of paragraph 1 of this Supplemental Exhibit AE1 in labor compensation and material costs occurring since [ * ] prior to the price base year shown in the Purchase Agreement.

2.4If within [ * ] of Aircraft delivery, the published index values are revised due to an acknowledged error by the Bureau of Labor Statistics, the Airframe Price Adjustment will be re-calculated using the revised index values (this does not include those values noted as preliminary by the Bureau of Labor Statistics). A credit memorandum or supplemental invoice will be issued for the Airframe Price Adjustment difference. Interest charges will not apply for the period of original invoice to issuance of credit memorandum or supplemental invoice.

Note:

	
 
	
(i)
	
The values released by the Bureau of Labor Statistics and available to Boeing [ * ] prior to the first day of the scheduled delivery month of an Aircraft will be used to determine the [ * ] values for the applicable months (including those noted as preliminary by the Bureau of Labor Statistics) to calculate the Airframe Price Adjustment for the Aircraft invoice at the time of delivery. The values will be considered final and no Airframe Price Adjustments will be made after Aircraft delivery for any subsequent changes in 

publishedIndexvalues, subjectalways to paragraph 2.4 above.

	
 
	
(ii)
	
The maximum number of digits to the right of the decimal after rounding utilized in any part of the Airframe Price Adjustment equation will be four (4), where rounding of the fourth digit will be increased to the next highest digit when the 5th digit is equal to    five (5) or greater.

 

 

		
	
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BUYER FURNISHED EQUIPMENT VARIABLES

 

between

 

THE BOEING COMPANY

 

and

 

ATLAS AIR WORLDWIDE HOLDINGS, INC.

 

Supplemental Exhibit BFE1

to Purchase Agreement Number PA-05168

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

			
	
 
	
 
	
Page 1

	
BOEING PROPRIETARY

 

 

 

 

BUYER FURNISHED EQUIPMENT VARIABLES

 

relating to

 

BOEING MODEL 777-F AIRCRAFT

 

This Supplemental Exhibit BFE1 contains supplier selection dates, on-dock dates and other requirements applicable to the Aircraft.

1.Supplier Selection. Customer will:

Select and notify Boeing of the suppliers and part numbers of the following BFE items by the following dates:

 

			
	
Galley System
	
[ * ]
	
 

	
Galley Inserts
	
[ * ]
	
 

	
Seats (Suites)
	
 
	
N/A

	
Seats (F/C, B/C, Premium E/C)
	
 
	
N/A

	
Seats (Economy class)
	
 
	
N/A

	
Seats (Economy class)
	
 
	
N/A

	
Overhead & Audio System
	
[ * ]
	
 

	
In-Seat Video System
	
 
	
N/A

	
Miscellaneous Emergency Equipment
	
[ * ]
	
 

 

2.On-dock Dates and Other Information.

On or before [ * ], Boeing will provide to Customer the BFE Requirements. These requirements may be periodically revised, setting forth the items, quantities, on-dock dates and shipping instructions and other requirements relating to the in-sequence installation of BFE. For planning purposes, preliminary BFE on-dock dates are set forth below:

 

 

		
	
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3.Additional Delivery Requirements - Import.

Customer will be the importer of record (as defined by the U.S. Customs and Border Protection) for all BFE imported into the United States, and as such, it has the responsibility to ensure all of Customer’s BFE shipments comply with U.S. Customs Service regulations. In the event Customer requests Boeing, in writing, to act as importer of record for Customer’s BFE, and Boeing agrees to such request, Customer is responsible for ensuring Boeing can comply with all U.S. Customs Import Regulations by making certain that, at the time of shipment, all BFE shipments comply with the requirements in the “International Shipment Routing Instructions”, including the  Customs Trade Partnership Against Terrorism (C-TPAT), as set out on the Boeing website referenced below. Customer agrees to include the International Shipment Routing Instructions, including C-TPAT requirements, in each contract between Customer and BFE supplier.

 

http://www.boeing.com/companyoffices/doingbiz/supplier_portal/index_general.html

 

 

		
	
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CUSTOMER SUPPORT VARIABLES

 

between

 

THE BOEING COMPANY

 

and

ATLAS AIR WORLDWIDE HOLDINGS, INC. SUPPLEMENTAL EXHIBIT CS1

To PURCHASE AGREEMENT NUMBER PA-05168

 

 

 

		
	
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CUSTOMER SUPPORT VARIABLES

 

relating to

 

BOEING MODEL 777-F AIRCRAFT

 

Customer and Boeing will conduct planning  conferences  approximately [ * ] prior to delivery of the first Aircraft, or as mutually agreed, in order to develop and schedule a customized support program (Customer Support Program) to be furnished by Boeing in support of the Aircraft.

The Customer Support Program will be based upon and equivalent to the entitlements summarized below.

	
 
	
1.
	
Maintenance Training.

1.1Airframe Systems Course covering differences between Customer's newly-purchased Aircraft and an aircraft of the same model currently operated by Customer; [ * ]  class of [ * ] students.

1.2Avionics Systems Differences Course; [ * ]  class of [ * ]  students.

1.3Engine Run-up Course; [ * ] class of [ * ] students.

1.4Aircraft Rigging Course; [ * ] class of [ * ]  students.

1.5Structural Repair Manual Course; [ * ] class of [ * ] students.

1.6Training materials, including training manuals for coursework materials and student reference guide, will be provided to each student. In addition, [ * ] of training materials, including instrument panel wall charts, training videos (if applicable), training manuals for coursework materials, and a student reference guide will be provided for use in Customer's own training program.

	
 
	
2.
	
Flight Training.

Boeing will provide a differences course for crews as follows:

2.1[ * ] crews ([ * ] pilots).

2.2Cabin Safety training; [ * ] classes of [ * ] students per class.

2.3Electronic Check List Authoring Course; [ * ] class of [ * ] students.

2.4Training materials, including training manuals, flight crew training manual, reduced size instrument panel wall charts, FCOM and QRH will be provided to each student. In addition, [ * ] of training materials, including differences e-Learning, full size instrument panel color wall charts, and training video programs (if applicable) will be provided for use in Customer's own training program.

	
 
	
3.
	
Planning Assistance.

3.1Maintenance Engineering. Notwithstanding anything in Exhibit B to the AGTA to the contrary, Boeing will provide the following maintenance engineering support:

3.1.1Maintenance Planning Assistance. Upon Customer’s request, Boeing will provide [ * ] on-site visit to Customer’s main base to assist with maintenance 

 

		
	
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program development and to provide consulting related to maintenance planning. Consultation with Customer will be based on ground rules and requirements information provided in advance by Customer.

3.1.2ETOPS Maintenance Planning Assistance. Upon Customer’s request [ * ], Boeing will provide [ * ] on-site visit, if required, to Customer's main base to assist with the development of their Extended Operations (ETOPS) maintenance program and to provide consultation related to ETOPS maintenance planning. Consultation with Customer will be based on ground rules and requirements information provided in advance by the Customer.

3.1.3GSE/Shops/Tooling Consulting. Upon request, Boeing will provide [ * ] on-site visit to Customer’s main base to evaluate Customer’s ground support equipment, maintenance tooling and requirements for maintenance shops. Consultation with Customer will be based on ground rules and requirements information provided in advance by Customer.

3.1.4Maintenance Engineering Evaluation. Upon request, Boeing will provide [ * ] on-site visit to Customer’s main base to evaluate Customer’s maintenance and engineering organization for conformance with industry best practices. The result of which will be documented by Boeing in a maintenance engineering evaluation presentation. Customer will be provided with a copy of the maintenance engineering evaluation presentation. Consultation with Customer will be based on ground rules and requirements information provided in advance by Customer.

	
 
	
3.2
	
Spares.

3.2.1Recommended Spares Parts List (RSPL). Boeing will revise, as applicable, the customized Recommended Spares Parts List (RSPL).

	
 
	
4.
	
Technical Data and Documents.

	
 
	
4.1
	
Flight Operations.

Airplane Flight Manual

Airplane Rescue and Fire Fighting Information Dispatch Deviations Guide

ETOPS Guide Volume III – Operational Guidelines and Methods Flight Crew Operations Manual and Quick Reference Handbook Flight Crew Training Manual

Flight Planning and Performance Manual FMC Supplementary Data Document

Jet Transport Performance Methods

Operational Performance Software

Weight and Balance Manual Chapter 1 Control and Loading

	
 
	
4.2
	
Maintenance.

Aircraft Maintenance Manual and XML Supplement Baggage and Cargo Loading Manual

 

		
	
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Component Maintenance Manual Fault Isolation Manual

Fault Reporting Manual

Fuel Measuring Stick Manual Illustrated Parts Catalog

Live Animal Carriage Document Nondestructive Test Manual Powerplant Buildup Manual Service Bulletins and Index

Standard Overhaul Practices Manual Chapter 20 Standard Wiring Practices Manual Chapter 20 Structural Repair Manual

System Schematic Manual Wiring Diagram Manual

 

	
 
	
4.3
	
Service Engineering.

All Operators Messages Maintenance Tips Service Letters

	
 
	
4.4
	
Maintenance Programs Engineering. Airline Maintenance Inspection Intervals Airworthiness Limitations

Airworthiness Limitations – Line Number Specific Certification Maintenance Requirements

Damage Tolerance Rating Check Form Document ETOPS Configuration, Maintenance and Procedures

ETOPS Guide Volume I - Configuration, Maintenance & Procedures Supplement

ETOPS Guide Volume II - Maintenance Program Guidelines EWIS ICA Source Document

Maintenance Planning Document and Supplement Maintenance Task Cards and Index and Supplement Special Compliance Items

	
 
	
4.5
	
Facilities and Equipment Planning. Airplane Recovery Document Engine Ground Handling Document GSE Tooling Drawings

Illustrated Tool and Equipment Manual

Maintenance Facility and Equipment Planning Document

Special Tool and Ground Handling Equipment Drawings and Index

	
 
	
4.6
	
Airport Technology.

Airplane Characteristics for Airport Planning

 

 

		
	
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4.7
	
Supplier Technical Data.

Supplier Component Maintenance Manuals Product Support and Assurance Agreements

 

	
 
	
4.8
	
Product Standard.

Product Standard Data System

	
 
	
4.9
	
Engineering Drawings.

Assembly and Installation Drawings

 

	
 
	
5.
	
Aircraft Information.

5.1Aircraft Information. is defined as that data provided by Customer to Boeing which falls into one of the following categories: (i) aircraft operational information (including, but not limited to, flight hours, departures, schedule reliability, engine hours, number of aircraft, aircraft registries, landings, and daily utilization and schedule interruptions for Boeing model aircraft); (ii) summary and detailed shop findings data; (iii) line maintenance data; (iv) airplane message data, (v) scheduled maintenance data; (vi) service bulletin incorporation; and (vii) aircraft data generated or received by equipment installed on Customer’s aircraft in analog or digital form including but not limited to information regarding the state, condition, performance, location, setting, or path of the aircraft and associated systems, sub-systems and components.

5.2License Grant. To the extent Customer has or obtains rights to Aircraft Information, Customer grants to Boeing a perpetual, world-wide, non-exclusive license to use and disclose Aircraft Information and create derivatives thereof in Boeing data and information and products and services provided Customer identification information as originating from Customer is removed. Customer identification information may be retained as necessary for Boeing to provide products and services Customer has requested from Boeing or for Boeing to inform Customer of additional Boeing products  and services. This grant is in addition to any other grants of rights in the agreements governing provision of such information to Boeing regardless of whether that information is identified as Aircraft Information in such agreement including any information submitted under the In Service Data Program (ISDP).

 

For purposes of this article, Boeing is defined as The Boeing Company and its wholly owned subsidiaries.

Customer will provide Aircraft Information to Boeing through an automated software feed necessary to support Fleet Statistical Analysis. Boeing will provide assistance to Customer under a separate agreement for mapping services to enable the automated software feed.

 

 

		
	
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ENGINE ESCALATION ADJUSTMENT, ENGINE WARRANTY AND PATENT INDEMNITY

 

between

 

THE BOEING COMPANY

 

and

 

ATLAS AIR WORLDWIDE HOLDINGS, INC.

 

Supplemental Exhibit EE1

to Purchase Agreement Number PA-05168

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

			
	
 
	
 
	
Page 1

	
BOEING PROPRIETARY

 

 

 

 

ENGINE ESCALATION ADJUSTMENT, ENGINE WARRANTY AND PATENT INDEMNITY

 

relating to

 

BOEING MODEL 777-F AIRCRAFT

 

	
 
	
1.
	
ENGINE ESCALATION.

No separate engine escalation methodology is defined for the Aircraft. The engine price, at its basic thrust level, is included in and will be escalated in the same manner as the Airframe Price.

	
 
	
2.
	
ENGINE WARRANTY AND PRODUCT SUPPORT PLAN.

Boeing has obtained from General Electric Company (GE) GE's guarantee that GE will extend directly to Customer GE's warranty, special guarantees and product support services (hereinafter collectively referred to as Warranty); subject, however, to Customer's acceptance of the conditions set forth in the Warranty.

In consideration for Boeing’s having obtained GE's guarantee to provide the Warranty directly to the Customer, Customer hereby releases and discharges Boeing from any and all claims, obligations and liabilities whatsoever arising out of the purchase or use of such engines and Customer hereby waives, releases and renounces all its rights in all such claims, obligations and liabilities. THE WARRANTY GE EXTENDS DIRECTLY TO CUSTOMER IS EXCLUSIVE, AND IS IN LIEU OF ALL OTHER WARRANTIES WHETHER WRITTEN, ORAL OR IMPLIED. THERE ARE NO IMPLIED WARRANTIES OF FITNESS OR MERCHANTABILITY.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

			
	
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SERVICE LIFE POLICY COMPONENTS

 

between

 

THE BOEING COMPANY

 

and

ATLAS AIR WORLDWIDE HOLDINGS, INC. SUPPLEMENTAL EXHIBIT SLP1

TO PURCHASE AGREEMENT NUMBER PA-05168

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

			
	
 
	
 
	
Page 1

	
BOEING PROPRIETARY

 

 

 

 

SERVICE LIFE POLICY COMPONENTS

 

relating to

 

BOEING MODEL 777-F AIRCRAFT

 

This is the listing of SLP Components for the Aircraft which relate to Part 3, Boeing Service Life Policy of Exhibit C, Product Assurance Document to the AGTA and is a part of Purchase Agreement No. PA-05168.

	
 
	
1.
	
Wing.

	
 
	
(i)
	
Upper and lower wing skins and stiffeners between the forward and rear wing spars.

	
 
	
(ii)
	
Wing spar webs, chords and stiffeners.

	
 
	
(iii)
	
Inspar wing ribs.

	
 
	
(iv)
	
Inspar splice plates and fittings.

	
 
	
(v)
	
Main landing gear support structure.

	
 
	
(vi)
	
Wing center section lower beams, spanwise beams and floor beams, but not the seat tracks attached to floor beams.

	
 
	
(vii)
	
Wing-to-body structural attachments.

	
 
	
(viii)
	
Engine strut support fittings attached directly to wing primary structure.

	
 
	
(ix)
	
Support structure in the wing for spoilers and spoiler actuators; for aileron hinges and reaction links; and for leading edge devices and trailing edge flaps.

	
 
	
(x)
	
Leading edge device and trailing edge flap support system.

	
 
	
(xi)
	
Aileron leading edge device and trailing edge flap internal, fixed attachment and actuator support structure.

	
 
	
2.
	
Body.

 

	
 
	
(i)
	
External surface skins and doublers, longitudinal stiffeners, longerons and circumferential rings and frames between the forward pressure bulkhead and the vertical stabilizer rear spar bulkhead  and structural support and enclosure for the APU but excluding all system components and related installation and connecting devices, 

 

			
	
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insulation, lining, and decorative panels and related installation and connecting devices.

	
 
	
(ii)
	
Window and windshield structure but excluding the windows and windshields.

	
 
	
(iii)
	
Fixed attachment structure of the passenger doors, cargo doors and emergency exits, excluding door mechanisms and movable hinge components. Sills and frames around the body openings for the passenger doors, cargo doors and emergency exits, excluding scuff plates and pressure seals.

	
 
	
(iv)
	
Nose wheel well structure, including the wheel well walls, pressure deck, forward and aft bulkheads, and the gear support structure.

	
 
	
(v)
	
Main gear wheel well structure including pressure deck, bulkheads and landing gear beam support structure.

	
 
	
(vi)
	
Floor beams and support posts in the control cab and passenger cabin area, but excluding seat tracks.

	
 
	
(vii)
	
Forward and aft pressure bulkheads.

	
 
	
(viii)
	
Keel structure between the wing front spar bulkhead and the main gear wheel well aft bulkhead, including splices.

	
 
	
(ix)
	
Wing front and rear spar support bulkheads, and vertical and horizontal stabilizer front and rear spar support bulkheads including terminal fittings but excluding all system components and related installation and connecting devices, insulation, lining, and decorative panels and related installation and connecting devices.

	
 
	
(x)
	
Support structure in the body for the stabilizer pivot and stabilizer screw.

	
 
	
3.
	
Vertical Stabilizer.

	
 
	
(i)
	
External skins between front and rear spars.

	
 
	
(ii)
	
Front and rear spars including stiffeners.

	
 
	
(iii)
	
Attachment fittings between vertical stabilizer and body.

	
 
	
(iv)
	
Inspar ribs.

	
 
	
(v)
	
Rudder hinges and supporting ribs, excluding bearings.

	
 
	
(vi)
	
Support structure in the vertical stabilizer for rudder hinges, reaction links and actuators.

	
 
	
(vii)
	
Rudder internal, fixed attachment and actuator support structure.

	
 
	
4.
	
Horizontal Stabilizer.

	
 
	
(i)
	
External skins between front and rear spars.

	
 
	
(ii)
	
Front and rear spars including splices and stiffeners.

	
 
	
(iii)
	
Inspar ribs.

	
 
	
(iv)
	
Stabilizer splice fittings and pivot and screw support structure.

	
 
	
(v)
	
Support structure in the horizontal stabilizer for the elevator hinges, reaction links and actuators.

	
 
	
(vi)
	
Elevator internal, fixed attachment and actuator support structure.

	
 
	
(vii)
	
Elevator hinges and supporting ribs, excluding bearings.

 

			
	
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5.Engine Strut.

	
 
	
(i)
	
Strut external surface skin and doublers and stiffeners.

	
 
	
(ii)
	
Internal strut chords, frames and bulkheads.

	
 
	
(iii)
	
Strut to wing fittings and diagonal brace.

	
 
	
(iv)
	
Engine mount support fittings attached directly to strut structure.

	
 
	
(v)
	
For Aircraft equipped with General Electric or Pratt & Whitney engines only, the engine-mounted support fittings.

6.Main Landing Gear.

	
 
	
(i)
	
Outer cylinder.

	
 
	
(ii)
	
Inner cylinder.

	
 
	
(iii)
	
Upper and lower side strut, including spindles and universals.

	
 
	
(vi)
	
Upper and lower drag strut, including spindles and universals.

	
 
	
(v)
	
Orifice support tube.

	
 
	
(vi)
	
Downlock links including spindles and universals.

	
 
	
(vii)
	
Torsion links.

	
 
	
(viii)
	
Bogie beam.

	
 
	
(ix)
	
Axles.

	
 
	
(x)
	
Steering crank arm.

	
 
	
(xi)
	
Steering rod.

	
 
	
7.
	
Nose Landing Gear.

	
 
	
(i)
	
Outer cylinder.

	
 
	
(ii)
	
Inner cylinder, including axles.

	
 
	
(iii)
	
Orifice support tube.

	
 
	
(iv)
	
Upper and lower drag strut, including lock links.

	
 
	
(v)
	
Steering plates and steering collar.

	
 
	
(vi)
	
Torsion links.

	
 
	
(vii)
	
Actuator support beam and hanger.

NOTE: The Service Life Policy does not cover any bearings, bolts, bushings, clamps, brackets, actuating mechanisms or latching mechanisms used in or on the SLP Components.

 

 

			
	
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The Boeing Company

P.O. Box 3707

Seattle, WA 98124 2207

	
 
	
 
	
 

	
AH5-PA-05168-LA-2105144
	
 
	
 

	
 
	
 
	
 

	
Atlas Air Worldwide Holdings, Inc.

2000 Westchester Avenue
	
 
	
 

	
Purchase, NY 10577
	
 
	
 

	
 
	
 
	
 

	
 
	
 
	
 

	
Subject: [ * ]
	
 
	
 

 

 

 

Reference: Purchase Agreement No. PA-05168 (Purchase Agreement) between The Boeing Company (Boeing) and Atlas Air Worldwide Holdings, Inc. (Customer) relating to Model 777-F aircraft (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.

 

The Purchase Agreement incorporates the terms and conditions of AGTA-TLS between Boeing and Customer. This Letter Agreement modifies certain terms and conditions of the AGTA with respect to the Aircraft.

 

	
 
	
1.
	
[ * ].

 

1.1[ * ] advance payment schedule provided  in  Table 1 of the Purchase Agreement, [ * ] advance payments, [ * ].

 

		
	
[ * ].

Months Prior to Delivery
	
 

Amount Due

	
[ * ]
	
[ * ]

	
[ * ]
	
[ * ]

	
[ * ]
	
[ * ]

	
[ * ]
	
[ * ]

	
[ * ]
	
[ * ]

 

	
 
	
2.
	
[ * ].

 

[ * ].

 

 

			
	
 
	
 
	
Page 1  

	
BOEING PROPRIETARY

 

 

 

 

	
 
	
3.
	
[ * ].

 

3.1Customer [ * ] under (i) the Purchase Agreement or (ii) any other agreement with Boeing [ * ] Boeing may, [ * ] default [ * ].

 

3.2If Boeing [ * ] to Boeing, [ * ] instruction from Boeing to the [ * ] such that the [ * ] this Letter Agreement. [ * ] unconditional wire transfer of [ * ] designated by Boeing.

 

3.3For all purposes of this Article 3, including without limitation, notice, [ * ]. Nothing herein will constitute [ * ] of Boeing; all [ * ] will be [ * ]. Boeing expressly reserves all of its rights and remedies under any agreement and applicable law.

 

	
 
	
4.
	
Assignment.

 

4.1Notwithstanding [ * ]:

 

		
	
[ * ]
	
[ * ]

	
[ * ]
	
[ * ]

	
[ * ]
	
[ * ]

	
[ * ]
	
[ * ]

	
[ * ]
	
[ * ]

	
[ * ]
	
[ * ]

	
[ * ]
	
[ * ]

	
 
	
[ * ]

 

4.2Notwithstanding any [ * ] of this Letter Agreement or the Purchase Agreement, [ * ] Letter Agreement are provided to Customer in consideration of Customer becoming the operator of the Aircraft and cannot be assigned, in whole or in part, without the prior written consent of Boeing.

 

 

 

			
	
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5.
	
Confidentiality.

 

Customer understands and agrees that the information contained herein represents confidential business information and has value precisely because it is not available generally or to other parties.  Customer agrees to limit the disclosure of its contents to employees of Customer, directors and officers of Atlas Air Worldwide Holdings, Inc. and Titan Aviation Holdings, Inc. and their wholly owned subsidiaries and Customer’s auditors and outside counsel, with a need to know the contents for purposes of helping Customer perform its obligations under the Purchase Agreement and who understand they are not to disclose its contents to any other person or entity without the prior written consent of Boeing.  In the event that Customer in good faith concludes (based upon an opinion of counsel) that disclosure of information contained in this Letter Agreement may be required by applicable law or governmental regulations, Customer shall advise Boeing in writing prior to such disclosure, if possible, or, if not possible, then promptly upon receiving such order or upon identifying such need to comply, in order to enable Boeing to take whatever steps it deems necessary to protect its interests in this regard, and Customer will, in any event, disclose only that portion of the information which it is legally required to disclose and Customer will use its reasonable endeavors to protect the confidentiality of such information to the widest extent possible in the circumstances. In addition to any equitable relief that may be available to Boeing in the event of a breach of this Article, Boeing may rescind the Deferred Advance Payment Schedule described in Article 1.

 

If the foregoing correctly sets forth your understanding of our agreement with respect to the matters contained herein, please indicate your acceptance and approval below.

 

ACCEPTED AND AGREED TO this

 

					
	
Date:
	
December 27, 2021
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
Atlas Air Worldwide Holdings, Inc.

 
	
 
	
 
	
THE BOEING COMPANY

 

	
By:
	
/s/ John Dietrich
	
 
	
By:
	
[ * ]

	
 
	
 
	
 
	
 

	
Name:
	
John Dietrich
	
 
	
Name:
	
[ * ]

	
 
	
 
	
 
	
 

	
Title:
	
President & Chief Executive Officer
	
 
	
Title:
	
Attorney-In-Fact

 

 

 

 

 

 

			
	
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Page 3 

	
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AH5-PA-05168-LA-2105171

 

 

Atlas Air Worldwide Holdings, Inc. 

2000 Westchester Avenue

Purchase, NY 10577

 

Subject:[ * ]

 

Reference:   Purchase Agreement No. 05168 (Purchase Agreement) between The Boeing Company (Boeing) and Atlas Air Worldwide Holdings, Inc. (Customer) relating to Model 777-F aircraft (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.

	
 
	
1.
	
AGTA Basic Articles.

1.1The table of contents of the basic articles of the AGTA is revised to add the following items to the listing of appendices:

VIIIPost-Delivery Sale with Lease to Seller IXSale with Lease

XPost-Delivery Security

1.2All references to Appendix I contained in the following articles of the AGTA will refer to Appendix I attached hereto, in lieu of Appendix I currently contained in the AGTA: (i) Article 8.2.1, “Insurance Requirements” and (ii) Article 8.2.2, “Noncompliance with Insurance Requirements.”

1.3All references to Appendix II, III, IV, V, and VI contained in the following articles of the AGTA will refer to Appendices II, III, IV, V, and VI attached hereto, in lieu of Appendices II, III, IV, V, and VI currently contained in the AGTA: (i) Article 9.2, “Transfer by Customer at Delivery,” (ii) Article 9.3, “Sale or Lease by Customer After Delivery,” (iii) Article 9.5, “Exculpatory Clause in Post-Delivery Sale or Lease,” and (v) Article 9.6, “Appointment of Agent – Warranty Claims.”

 

1.4Article 2.1.1, “Airframe Price”, of the basic articles of the AGTA is revised to read as follows:

2.1.1 Airframe Price is defined as the price of the airframe for a specific model of aircraft described in a purchase agreement. (For certain model aircraft, as reflected in the purchase agreement, the Airframe Price includes the engine price at its basic thrust level).

 

 

			
	
 
	
 
	
Page 1

 

 

 

1.5Article 2.1.3, “Engine Price”, of the basic articles of the AGTA is revised to read as follows:

2.1.3 Engine Price is defined as the price set by the engine manufacturer for a specific engine to be installed on the model of aircraft described in a purchase agreement (not applicable to certain models of aircraft as reflected in the purchase agreement).

1.6Article 2.1.5, “Escalation Adjustment”, of the basic articles of the AGTA is revised to read as follows:

2.1.5 Escalation Adjustment is defined as the price adjustment to the Airframe Price (which includes the basic engine price for certain models of aircraft as reflected in the purchase agreement) and the Optional Features Prices resulting from the calculation using the economic price formula contained in the Airframe and Optional Features Escalation Adjustment supplemental exhibit to the applicable purchase agreement. The price adjustment to the Engine Price will be calculated using the economic price formula in the Engine Escalation Adjustment supplemental exhibit to the applicable purchase agreement when the Airframe Price does not include the engine price at its basic thrust level as reflected in the purchase agreement.

 

1.7Article 7.1, “General”, of the basic articles of the AGTA is revised to read as follows:

“7.1 General. [ * ].

 

1.8Article 9.3, “Sale or Lease by Customer After Delivery,” of the basic articles of the AGTA is revised to read as follows:

“9.3 Post-Delivery Sale or Lease by Customer. If, following delivery  of  an aircraft, Customer sells or leases the aircraft (including any sale and lease-back to seller for financing purposes), Customer may assign some or all of its rights with respect to the aircraft under the applicable purchase agreement to the purchaser or lessee of such aircraft, and all such rights will inure to the benefit of such purchaser or lessee effective upon Boeing's receipt of the written agreement of the purchaser or lessee, in a form satisfactory to Boeing, to comply with all applicable terms and conditions of the applicable purchase agreement. Sample forms of notice to Boeing of such assignments giving examples of language acceptable to Boeing are attached as Appendices III, IV, VIII, IX and X.”

 

			
	
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1.9
	
Article 11, “Notices,” of the basic articles of the AGTA is revised to read as follows:

“11. Notices. All notices required by this AGTA or by any applicable purchase agreement will be written in English, will be effective on the date of receipt, and will be delivered or transmitted by any customary means to the appropriate address or number listed below:

 

	
Customer
	
 
	
Mail:
	
 
	
Atlas Air Worldwide Holdings, Inc.

	
 
	
 
	
 
	
 
	
Attention:     General Counsel 2000 Westchester Avenue

	
 
	
 
	
 
	
 
	
Purchase, NY 10577

	
 
	
 
	
Email:
	
 
	
 

	
 
	
 
	
Facsimile:
	
 
	
 

	
 
	
 
	
Telephone:
	
 
	
 

 

	
Boeing
	
 
	
Delivery or Courier:
	
 
	
Boeing Commercial Airplanes 1901 Oakesdale Avenue SW Renton, Washington 98057 U.S.A.

 

		
	
Attention:
	
Vice President - Contracts

	
 
	
Mail Code 21-24

 

		
	
Mail:
	
Boeing Commercial Airplanes

	
 
	
P.O. Box 3707

	
 
	
Seattle, Washington 98124-2207 U.S.A.

 

		
	
Attention:
	
Vice President - Contracts

	
 
	
Mail Code 21-24

 

		
	
Facsimile:
	
(425) 237-1706

	
Telephone:
	
(206) 766-2400”

 

 

	
 
	
2.
	
Appendices to the AGTA.

2.1Appendices I, II, III, IV, V and VI, which are attached to this Letter Agreement and entitled respectively “Insurance Certificate,” “Purchase Agreement Assignment,” “Post-Delivery Sale Notice,” “Post-Delivery Lease Notice,” “Purchaser’s/Lessee’s Agreement” and “Post-Delivery Owner Appointment of Agent – Warranties,” supersede in their entireties Appendices I, II, III, IV, V and VI currently contained in the AGTA.

 

 

			
	
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2.2The AGTA is amended to include Appendices VIII, IX and X to the AGTA, attached to this Letter Agreement and entitled, respectively, “Post-Delivery Sale with Lease to Seller”, “Sale with Lease” and “Post-Delivery Security.”

 

	
 
	
3.
	
AGTA – Exhibit C, “Product Assurance Document”.

 

Part 2, Article 3.1, Article (i) of Exhibit C of the AGTA is revised to read as follows:

	
 
	
(i)
	
for all Boeing aircraft models except 767, the warranty period ends [ * ] after Delivery.

 

Part 2,Article 3.1,Article (iii) of Exhibit C of the AGTA is revised to read as follows:

	
 
	
(iii)
	
for Boeing aircraft model 767, the warranty period ends [ * ] after Delivery.

	
 
	
4.
	
Confidential Treatment.

Customer understands and agrees that the information contained herein represents confidential business information and has value precisely because it is not available generally or to other parties. Customer agrees to limit the disclosure of its contents to employees of Customer, directors and officers of Atlas Air Worldwide Holdings, Inc. and Titan Aviation Holdings, Inc. and their wholly owned subsidiaries and its auditors and outside counsel, with a need to know the contents for purposes of helping Customer perform its obligations under the Purchase Agreement and who understand they are not to disclose its contents to any other person or entity without the prior written consent of Boeing. In the event that Customer in good faith concludes (based upon an opinion of counsel) that disclosure of information contained in this Letter Agreement may be required by applicable law or governmental regulations, Customer shall advise Boeing in writing prior to such disclosure, if possible, or, if not possible, then promptly upon receiving such order or upon identifying such need to comply, in order to enable Boeing to take whatever steps it deems necessary to protect its interests in this regard, and Customer will, in any event, disclose only that portion of the information which it is legally required to disclose and Customer will use its reasonable endeavors to protect the confidentiality of such information to the widest extent possible in the circumstances.

 

 

			
	
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Very truly yours,

 

			
	
THE BOEING COMPANY

	
 

 

	
By
	
[ * ]

	
 

	
Its
	
Attorney-In-Fact

	
 

	
ACCEPTED AND AGREED TO this

	
 

	
Date:
	
December 27, 2021

	
 

	
Atlas Air Worldwide Holdings, Inc.

	
 

 

	
By
	
/s/ John Dietrich

	
 

	
Its
	
President & Chief Executive Officer

 

 

			
	
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Appendix I 

SAMPLE

Insurance Certificate

 

 

BROKER'S LETTERHEAD

 

Date: +

 

Certificate of Insurance

 

ISSUED TO:The Boeing Company

Post Office Box 3707 Mail Code 13-57

Seattle, Washington 98124

	
 
	
Attn:
	
Manager - Aviation Insurance for Vice President - Employee Benefits, Insurance and Taxes
	
 

 

CC:Boeing Commercial Airplanes

P.O. Box 3707 Mail Code 21-34

Seattle, Washington 98124-2207 U.S.A.

Attn:Vice President - Contracts

 

NAMED INSURED: Atlas Air Worldwide Holdings, Inc.

We hereby certify that in our capacity as Brokers to the Named Insured, the following described insurance is in force on this date:

 

	
Insurer
	
Policy No.
	
Participation

 

POLICY PERIOD: From [date and time of inception of the Policy(ies)] to [date and time of expiration].

 

GEOGRAPHICAL LIMITS: Worldwide (however, as respects "Aircraft Hull War and Allied Perils" Insurance, as agreed by Boeing).

 

 

			
	
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[ * ]
	
 
	
Appendix I

Page 1

 

Appendix I 

SAMPLE

Insurance Certificate

 

 

 

AIRCRAFT INSURED: All Boeing manufactured aircraft owned or operated by the Named Insured which are the subject of the following purchase agreement(s), entered into between The Boeing Company and                                     (hereinafter Aircraft):

 

						
	
Purchase Agreement No.
	
 
	
dated
	
 
	
, 20
	
 

	
Purchase Agreement No.
	
 
	
dated
	
 
	
, 20
	
 

 

COVERAGES:

	
 
	
1.
	
Aircraft "all risks" Hull (Ground and Flight)

	
 
	
2.
	
Aircraft Hull War and Allied Perils (as per LSW 555, or its successor wording)

	
 
	
3.
	
Airline Liability

Including, but not limited to, Bodily Injury, Property Damage, Aircraft Liability, Liability War Risks, Passenger Legal Liability, Premises Liability, Completed Operations, Products Liability, Baggage Legal Liability (checked and unchecked), Cargo Legal Liability, Contractual Liability and Personal Injury.

The above-referenced Airline Liability insurance coverage is subject to War and Other Perils Exclusion Clause (AV48B) but all sections, other than Section (b) are reinstated as per AV52C, or their successor endorsements.

 

LIMITS OF LIABILITY: To the fullest extent of the Policy limits that the Named Insured carries from the time of delivery of the first Aircraft under the first Purchase Agreement listed under "Aircraft Insured" and thereafter at the inception of each policy period, but in any event no less than the following:

Combined Single Limit Bodily Injury and Property Damage: U.S. Dollars ($) any one occurrence each Aircraft (with aggregates as applicable).

 

		
	
[ * ]
	
[ * ]

	
[ * ]
	
[ * ]

 

(In regard to all other models and/or derivatives, to be specified by Boeing).

 

(In regard to Personal Injury coverage, limits [ * ] any one offense, and in the aggregate.)

 

 

			
	
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[ * ]
	
 
	
Appendix I

Page 2

 

Appendix I 

SAMPLE

Insurance Certificate

 

 

 

DEDUCTIBLES / SELF-INSURANCE: Any deductible and/or self-insurance amount (other than standard market deductibles) are to be disclosed and agreed by Boeing.

 

SPECIAL PROVISIONS APPLICABLE TO BOEING: It is certified that Insurers are aware of the terms and conditions of AGTA-TLS and the following purchase agreements:

 

						
	
Purchase Agreement No.
	
 
	
dated
	
 
	
, 20
	
 

	
Purchase Agreement No.
	
 
	
dated
	
 
	
, 20
	
 

	
Purchase Agreement No.
	
 
	
dated
	
 
	
, 20
	
 

 

Each Aircraft manufactured by Boeing which is delivered to the Insured pursuant to the applicable purchase agreement during the period of effectivity of the policies represented by this Certificate will be covered to the extent specified herein.

Insurers have agreed to the following:

1.In regard to Aircraft "all risks" Hull Insurance and Aircraft Hull War and Allied Perils Insurance, Insurers agree to waive all rights of subrogation or recourse against Boeing in accordance with AGTA-TLS which was incorporated by reference into the applicable purchase agreement.

2.In regard to Airline Liability Insurance, Insurers agree:

2.1To include Boeing as an additional insured in accordance with Customer's undertaking in Article 8.2.1 of AGTA-TLS which was incorporated by reference into the applicable purchase agreement.

2.2To provide that such insurance will be primary and not contributory nor excess with respect to any other insurance available for the protection of Boeing;

2.3To provide that with respect to the interests of Boeing, such insurance will not be invalidated or minimized by any action or inaction, omission or misrepresentation by the Insured or any other person or party (other than Boeing) regardless of any breach or violation of any warranty, declaration or condition contained in such policies;

2.4To provide that all provisions of the insurance coverage’s referenced above, except the limits of liability, will operate to give each Insured or additional insured the same protection as if there were a separate Policy issued to each.

 

 

			
	
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[ * ]
	
 
	
Appendix I

Page 3

 

 

 

3.In regard to all of the above referenced policies:

3.1Boeing will not be responsible for payment, set-off, or assessment of any kind or any premiums in connection with the policies, endorsements or coverage’s described herein;

3.2If a policy is canceled for any reason whatsoever, or any substantial change is made in the coverage which affects the interests of Boeing or if a policy is allowed to lapse for nonpayment of premium, such cancellation, change or lapse will not be effective as to Boeing for thirty (30) days (in the case of war risk and allied perils coverage seven (7) days after sending, or such other period as may from time to time be customarily obtainable in the industry) after receipt by Boeing of written notice from the Insurers or the authorized representatives or Broker of such cancellation, change or lapse; and

3.3For the purposes of the Certificate, "Boeing" is defined as The Boeing Company, its divisions, subsidiaries, affiliates, the assignees of each and their respective directors, officers, employees and agents.

Subject to the terms, conditions, limitations and exclusions of the relative policies.

 

 

[Signature]

 

		
	
Name:
	
 

	
 
	
 

	
Title:
	
 

 

 

 

			
	
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[ * ]
	
 
	
Appendix I

Page 4

 

Appendix II 

SAMPLE

Purchase Agreement Assignment

 

 

 

 

THIS  PURCHASE  AGREEMENT  ASSIGNMENT  (Assignment)  dated  as  of

 , 20 is between , a company organized under

the  laws  of(Assignor)  and ,  a

company organized under the laws of (Assignee). Capitalized terms used herein without definition will have the same meaning as in the Boeing Purchase Agreement.

Assignor and The Boeing Company, a Delaware corporation (Boeing), are parties to the Boeing Purchase Agreement, providing, among other things, for the sale by Boeing to Assignor of certain aircraft, engines and related equipment, including the Aircraft.

Assignee wishes to acquire the Aircraft and certain rights and interests under the Boeing Purchase Agreement and Assignor, on the following terms and conditions, is willing to assign to Assignee certain of Assignor's rights and interests under the Boeing Purchase Agreement. Assignee is willing to accept such assignment.

It is agreed as follows:

1.For all purposes of this Assignment, the following terms will have the following meanings:

Aircraft - one Boeing Model aircraft, bearing manufacturer's serial number

 , together with all engines and parts installed on such aircraft on the Delivery Date.

Boeing - Boeing will include any wholly-owned subsidiary of Boeing, and its successors and assigns.

Boeing Purchase Agreement - Purchase Agreement No. dated as ofbetween Boeing and Assignor, as amended, but excluding

 , providing, among other things, for the sale by Boeing to Assignor of the Aircraft, as said agreement may be further amended to the extent permitted by its terms. The Purchase Agreement incorporated by reference Aircraft General Terms Agreement <AGTA> (AGTA).

Delivery Date - the date on which the Aircraft is delivered by Boeing to Assignee pursuant to and subject to the terms and conditions of the Boeing Purchase Agreement and this Assignment.

2.Assignor does hereby assign to Assignee all of its rights and interests in and to the Boeing Purchase Agreement, as and to the extent that the same relate to the Aircraft and the purchase and operation thereof, except as and to the extent expressly reserved below, including, without limitation, in such assignment: [TO BE COMPLETED BY THE PARTIES.]

 

 

			
	
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Appendix II

Page 5

 

Appendix II 

SAMPLE

Purchase Agreement Assignment

 

 

 

 

{EXAMPLES

	
 
	
(i)
	
the right upon valid tender to purchase the Aircraft pursuant to the Boeing Purchase Agreement subject to the terms and conditions thereof and the right to take title to the Aircraft and to be named the "Buyer" in the bill of sale for the Aircraft;

	
 
	
(ii)
	
the right to accept delivery of the Aircraft;

	
 
	
(iii)
	
all claims for damages arising as a result of any default under the Boeing Purchase Agreement in respect of the Aircraft;

	
 
	
(iv)
	
all warranty and indemnity provisions contained in the Boeing Purchase Agreement, and all claims arising thereunder, in respect of the Aircraft; and

	
 
	
(v)
	
any and all rights of Assignor to compel performance of the terms of the Boeing Purchase Agreement in respect of the Aircraft.}

 

 

Reserving exclusively to Assignor, however:

{EXAMPLES

	
 
	
(i)
	
all Assignor's rights and interests in and to the Boeing Purchase Agreement as and to the extent the same relates to aircraft other than the Aircraft, or to any other matters not directly pertaining to the Aircraft;

	
 
	
(ii)
	
all Assignor's rights and interests in or arising out of any advance or other payments or deposits made by Assignor in respect of the Aircraft under the Boeing Purchase Agreement and any amounts credited or to be credited or paid or to be paid by Boeing in respect of the Aircraft;

	
 
	
(iii)
	
the right to obtain services, training, information and demonstration and test flights pursuant to the Boeing Purchase Agreement; and

	
 
	
(iv)
	
the right to maintain plant representatives at Boeing's plant pursuant to the Boeing Purchase Agreement.}

 

 

			
	
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Appendix II

Page 6

 

Appendix II 

SAMPLE

Purchase Agreement Assignment

 

 

 

Assignee hereby accepts such assignment.

3.Notwithstanding the foregoing, so long as no event of default or termination under [specify document] has occurred and is continuing, Assignee hereby authorizes Assignor, to the exclusion of Assignee, to exercise in Assignor's name all rights and powers of Customer under the Boeing Purchase Agreement in respect of the Aircraft.

4.For all purposes of this Assignment, Boeing will not be deemed to have knowledge of or need recognize the occurrence, continuance or the discontinuance of any event of default or termination under [specify document] unless and until Boeing receives from Assignee written notice thereof, addressed to its Vice President - Contracts, Boeing Commercial Airplanes at P.O. Box 3707, Seattle, Washington 98124, if by mail, or to 425- 237-1706, if by facsimile. Until such notice has been given, Boeing will be entitled to deal solely and exclusively with Assignor. Thereafter, until Assignee has provided Boeing written notice that any such events no longer continue, Boeing will be entitled to deal solely and exclusively with Assignee. Boeing may act with acquittance and conclusively rely on any such notice.

5.It is expressly agreed that, anything herein contained to the contrary notwithstanding: (a) prior to the Delivery Date Assignor will perform its obligations with respect to the Aircraft to be performed by it on or before such delivery, (b) Assignor will at all times remain liable to Boeing under the Boeing Purchase Agreement to perform all obligations of Customer thereunder to the same extent as if this Assignment had not been executed, and (c) the exercise by Assignee of any of the assigned rights will not release Assignor from any of its obligations to Boeing under the Boeing Purchase Agreement, except to the extent that such exercise constitutes performance of such obligations.

6.Notwithstanding anything contained in this Assignment to the contrary (but without in any way releasing Assignor from any of its obligations under the Boeing Purchase Agreement), Assignee confirms for the benefit of Boeing that, insofar as the provisions of the Boeing Purchase Agreement relate to the Aircraft, in exercising any rights under the Boeing Purchase Agreement, or in making any claim with respect to the Aircraft or other things (including, without limitation, Material, training and services) delivered or to be delivered, the terms and conditions of the Boeing Purchase Agreement, including, without limitation, the DISCLAIMER AND RELEASE and EXCLUSION OF CONSEQUENTIAL AND OTHER DAMAGES in Article 11 of Part 2 of Exhibit C to the Aircraft General Terms Agreement which was incorporated by reference into the Boeing Purchase Agreement and the insurance provisions in Article 8.2 of the Aircraft General Terms Agreement which was incorporated by reference into the Boeing Purchase Agreement therein, will apply to and be binding on Assignee to the same extent as if Assignee had been the original "Customer" thereunder. Assignee further agrees, expressly for the benefit of Boeing, upon the written request of Boeing, Assignee will promptly execute and deliver such further assurances and documents and take such further action as Boeing may reasonably request in order to obtain the full benefits of Assignee's agreements in this paragraph.

 

 

			
	
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[ * ]
	
 
	
Appendix II

Page 7

 

Appendix II 

SAMPLE

Purchase Agreement Assignment

 

 

 

7.Nothing contained herein will subject Boeing to any liability to which it would not otherwise be subject under the Boeing Purchase Agreement or modify in any respect the contract rights of Boeing thereunder, or require Boeing to divest itself of title to or possession of the Aircraft or other things until delivery thereof and payment therefore as provided therein.

8.Notwithstanding anything in this Assignment to the contrary, after receipt of notice of any event of default or termination under [specify document], Boeing will continue to owe to Assignor moneys in payment of claims made or obligations arising before such notice, which moneys may be subject to rights of set-off available to Boeing under applicable law. Similarly, after receipt of notice that such event of default or termination no longer continues, Boeing will continue to owe to Assignee moneys in payment of claims made or obligations arising before such notice, which moneys may be subject to rights of set-off available to Boeing under applicable law.

9.Effective at any time after an event of default has occurred, and for so long as such event of default is continuing, Assignor does hereby constitute Assignee, Assignor's true and lawful attorney, irrevocably, with full power (in the name of Assignor or otherwise) to ask, require, demand, receive, and give acquittance for any and all moneys and claims for moneys due and to become due under or arising out of the Boeing Purchase Agreement in respect of the Aircraft, to the extent assigned by this Assignment.

10.Assignee agrees, expressly for the benefit of Boeing and Assignor that it will not disclose, directly or indirectly, any terms of the Boeing Purchase Agreement; provided, that Assignee may disclose any such information (a) to its special counsel and public accountants, (b) as required by applicable law to be disclosed or to the extent that Assignee may have received a subpoena or other written demand under color of legal right for such information, but it will first, as soon as practicable upon receipt of such requirement or demand, furnish an explanation of the basis thereof to Boeing, and will afford Boeing reasonable opportunity, to obtain a protective order or other reasonably satisfactory assurance of confidential treatment for the information required to be disclosed, and (c) to any bona fide potential purchaser or lessee of the Aircraft. Any disclosure pursuant to (a) and (c) above will be subject to execution of a confidentiality agreement substantially similar to this paragraph 10.

11.This Assignment may be executed by the parties in separate counterparts, each of which when so executed and delivered will be an original, but all such counterparts will together constitute but one and the same instrument.

12.This Assignment will be governed by, and construed in accordance with, the laws of .

 

 

			
	
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Appendix II

Page 8

 

Appendix II 

SAMPLE

Purchase Agreement Assignment

 

 

 

	
 
	
 
	
 

	
as Assignor
	
 
	
as Assignee

	
 
	
 
	
 
	
 
	
 

	
By
	
 
	
 
	
By
	
 

	
 
	
 
	
 
	
 
	
 

	
Name:
	
 
	
Name:

	
 
	
 
	
 
	
 
	
 

	
Title:
	
 
	
Title:

 

[If the Assignment is further assigned by Assignee in connection with a financing, the following language needs to be included.]

 

Attest:

 

The undersigned, as ///Indenture Trustee/Agent// for the benefit of the Loan

//Participants/Mortgagee/// and as assignee of, and holder of a security interest in, the estate, right, and interest of the Assignee in and to the foregoing Purchase Agreement Assignment and the Purchase Agreement pursuant to the terms of a certain //Trust Indenture/Mortgage//  dated as of , 20 , agrees to the terms of the foregoing Purchase Agreement Assignment and agrees that its rights and remedies under such //Trust Indenture/Mortgage// will be subject to the terms and conditions of the foregoing Purchase Agreement Assignment, including, without limitation, paragraph 6.

 

[Name of Entity]

as //Indenture Trustee/Agent//

 

		
	
By:
	
 

	
 
	
 

	
Name:

	
 
	
 

	
Title:

 

 

 

			
	
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[ * ]
	
 
	
Appendix II

Page 9

 

Appendix II 

SAMPLE

Purchase Agreement Assignment

 

 

 

CONSENT AND AGREEMENT OF THE BOEING COMPANY

 

THE BOEING COMPANY, a Delaware corporation (Boeing), hereby acknowledges notice of and consents to the foregoing Purchase Agreement Assignment (Assignment) as it relates to Boeing in respect of the Aircraft. Boeing confirms to Assignee that: all representations, warranties, indemnities and agreements of Boeing under the Boeing Purchase Agreement with respect to the Aircraft will, subject to the terms and conditions thereof and of the Assignment, inure to the benefit of Assignee to the same extent as if Assignee were originally named "Customer" therein.

This Consent and Agreement will be governed by, and construed in accordance with, the law of the State of Washington, excluding the conflict of laws principles thereof.

 

	
Dated as of
	
 
	
, 20
	
 
	
.

	
 
	
 
	
 
	
 

	
THE BOEING COMPANY
	
 
	
 

 

			
	
By
	
 
	
 

	
Name:
	
 

	
 
	
 
	
 

	
Title: Attorney-in-Fact
	
 

	
 
	
 

	
Aircraft Manufacturer’s Serial Number(s)  
	
 

 

 

 

			
	
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[ * ]
	
 
	
Appendix II

Page 10

 

Appendix III 

SAMPLE

Post-Delivery Sale Notice

 

 

 

Boeing Commercial Airplanes

P.O. Box 3707

Seattle, Washington 98124-2207 U.S.A.

 

By Courier

1901 Oakesdale Ave. SW Renton, WA 98057 U.S.A.

 

Attention:Vice President - Contracts

Mail Code 21-34

 

In connection with the sale by                              (Seller) to                              (Purchaser) of the aircraft identified below, reference is made to  Purchase Agreement No.                             dated as of                            , 20      , between The Boeing Company (Boeing) and Seller (Purchase Agreement) under which Seller purchased certain Boeing Model                  aircraft, including the aircraft bearing Manufacturer's  Serial  No.(s)                              (Aircraft). The  Purchase Agreement incorporated by reference Aircraft General Terms Agreement <AGTA> (AGTA).

Capitalized terms used herein without definition will have the same meaning as in the Purchase Agreement.

Seller has sold the Aircraft, including in that sale the assignment to Purchaser of all remaining rights related to the Aircraft under the Purchase Agreement. To accomplish this transfer of rights, as authorized by the provisions of the Purchase Agreement:

1.Purchaser acknowledges it has reviewed those provisions of the Purchase Agreement related to those rights assigned and agrees to be bound by and comply with all applicable terms and conditions of the Purchase Agreement, including, without limitation, the DISCLAIMER AND RELEASE and EXCLUSION OF CONSEQUENTIAL AND OTHER DAMAGES in Article 11 of Part 2 of Exhibit C to the AGTA and the insurance provisions in Article 8.2 of the AGTA. Purchaser further agrees upon the written request of Boeing, to promptly execute and deliver such further assurances and documents and take such further action as Boeing may reasonably request in order to obtain the full benefits of Purchaser’s agreements in this paragraph; and

2.Seller will remain responsible for any payments due Boeing as a result of obligations relating to the Aircraft incurred by Seller to Boeing prior to the effective date of this letter.

 

 

			
	
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Appendix III

Page 11

 

Appendix III 

SAMPLE

Post-Delivery Sale Notice

 

 

 

We request that Boeing acknowledge receipt of this letter and confirm the transfer of rights set forth above by signing the acknowledgment and forwarding one copy of this letter to each of the undersigned.

 

Very truly yours,

 

 

				
	
Seller
	
Purchaser

	
 
	
 
	
 
	
 

	
By
	
 
	
By
	
 

	
 
	
 
	
 
	
 

	
Its
	
 
	
Its
	
 

	
 
	
 
	
 
	
 

	
Dated
	
 
	
Dated
	
 

 

Receipt of the above letter is acknowledged and the assignment of rights under the Purchase Agreement with respect to the Aircraft described above is confirmed, effective as of this date.

 

THE BOEING COMPANY

 

			
	
By
	
 
	
 

	
 
	
 
	
 

	
Its
	
Attorney-in-Fact
	
 

	
 
	
 
	
 

	
Dated
	
 
	
 

	
 
	
 
	
 

	
Aircraft Manufacturer’s Serial Number
	
 

 

 

 

 

			
	
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[ * ]
	
 
	
Appendix III

Page 12

 

Appendix IV

SAMPLE

Post-Delivery Lease Notice

 

 

 

Boeing Commercial Airplanes

P.O. Box 3707

Seattle, Washington 98124-2207 U.S.A.

 

By Courier

1901 Oakesdale Ave. SW Renton, WA 98057 U.S.A.

 

Attention:Vice President - Contracts

Mail Code 21-34

 

In connection with the lease by                              (Lessor) to                              (Lessee) of the aircraft identified below, reference is made to Purchase Agreement No.                              dated as of                            , 20     , between The Boeing Company (Boeing) and Lessor (Purchase Agreement) under which Lessor purchased certain Boeing Model                              aircraft, including the aircraft bearing Manufacturer’s  Serial  No.(s)               (Aircraft). The  Purchase Agreement incorporated by reference Aircraft General Terms Agreement <AGTA> (AGTA).

Capitalized terms used herein without definition will have the same meaning as in the Purchase Agreement.

Lessor has leased the Aircraft, including in that lease the transfer to Lessee of all remaining rights related to the Aircraft under the Purchase Agreement. To accomplish this transfer of rights, as authorized by the provisions of the Purchase Agreement:

1.Lessor authorizes Lessee to exercise, to the exclusion of Lessor, all rights and powers of Lessor with respect to the remaining rights related to the Aircraft under the Purchase Agreement. This authorization will continue until Boeing receives written notice from Lessor to the contrary, addressed to Vice President – Contracts, Mail Code 21-34, Boeing Commercial Airplanes, P.O. Box 3707, Seattle, Washington 98124-2207. Until Boeing receives such notice, Boeing is entitled to deal exclusively with Lessee with respect to the Aircraft under the Purchase Agreement. With respect to the rights and obligations of Lessor under the Purchase Agreement, all actions taken or agreements entered into by Lessee during the period prior to Boeing’s receipt of this notice are final and binding on Lessor. Further, any payments made by Boeing as a result of claims made by Lessee will be made to the credit of Lessee.

 

 

			
	
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Appendix IV

Page 13

 

Appendix IV

SAMPLE

Post-Delivery Lease Notice

 

 

 

2.Lessee accepts the authorization above, acknowledges it has reviewed those provisions of the Purchase Agreement related to the authority granted and agrees to be bound by and comply with all applicable terms and conditions of the Purchase Agreement including, without limitation, the DISCLAIMER AND RELEASE and EXCLUSION OF CONSEQUENTIAL AND OTHER DAMAGES in Article 11 of Part 2 of Exhibit C of the AGTA and the insurance provisions in Article 8.2 of the AGTA. Lessee further agrees, upon the written request of Boeing, to promptly execute and deliver such further assurances and documents and take such further action as Boeing may reasonably request in order to obtain the full benefits of Lessee’s agreements in this paragraph.

3.Lessor will remain responsible for any payments due Boeing as a result of obligations relating to the Aircraft incurred by Lessor to Boeing prior to the effective date of this letter.

We request that Boeing acknowledges receipt of this letter and confirm the transfer of rights set forth above by signing the acknowledgment and forwarding one copy of this letter to each of the undersigned.

 

Very truly yours,

 

				
	
Lessor
	
 
	
Lessee
	
 

	
 
	
 
	
 
	
 

	
By
	
 
	
By
	
 

	
 
	
 
	
 
	
 

	
Its
	
 
	
Its
	
 

	
 
	
 
	
 
	
 

	
Dated
	
 
	
Dated
	
 

 

Receipt of the above letter is acknowledged and transfer of rights under the Purchase Agreement with respect to the Aircraft described above is confirmed, effective as of this date.

 

THE BOEING COMPANY

 

			
	
By
	
 
	
 

	
 
	
 
	
 

	
Its
	
Attorney-in-Fact
	
 

	
 
	
 
	
 

	
Dated
	
 
	
 

	
 
	
 
	
 

	
Aircraft Manufacturer’s Serial Number
	
 

 

 

 

			
	
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[ * ]
	
 
	
Appendix IV

Page 14

 

Appendix V 

SAMPLE

Purchaser’s/Lessee’s Agreement

 

 

 

Boeing Commercial Airplanes

	
 
	
P.
	
O. Box 3707

Seattle, Washington 98124-2207 U.S.A.

 

By Courier

1901 Oakesdale Ave. SW Renton, WA 98057 U.S.A.

 

AttentionVice President – Contracts

Mail Code 21-34

 

In connection with the sale/lease by                                   (//Seller/Lessor//)

to                                 (//Purchaser/Lessee//)  of   the  aircraft   identified below,

 

reference is made to the following documents:

	
 
	
(i)
	
PurchaseAgreementNo.                    datedas of         , 20    , between The Boeing Company (Boeing) and //Seller/Lessor// (Purchase Agreement) under which //Seller/Lessor// purchased certain Boeing Model                                 aircraft, including the aircraft bearing Manufacturer’s Serial No.(s)                           (Aircraft); and

	
 
	
(ii)
	
Aircraft//Sale/Lease//Agreementdatedasof

 ,  20 , between Seller/Lessor and

//Purchaser/Lessee// (Aircraft Agreement) under which //Seller/Lessor// is //selling/leasing// the Aircraft.

Capitalized terms used herein without definition will have the same meaning as in the Purchase Agreement.

1.//Seller/Lessor// has sold/leased the Aircraft under the Aircraft Agreement, including therein a form of exculpatory clause protecting //Seller/Lessor// from liability for loss of or damage to the aircraft, and/or related incidental or consequential damages, including without limitation loss of use, revenue or profit.

2.Disclaimer and Release; Exclusion of Consequential and Other Damages.

2.1In accordance with //Seller/Lessor// obligation under Article 9.5 of the AGTA which was incorporated by reference into the Purchase Agreement, Purchaser/Lessee hereby agrees that:

 

 

			
	
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Appendix V

Page 15

 

Appendix VI 

SAMPLE

Post-Delivery Owner Appointment of Agent - Warranties

 

 

 

2.2DISCLAIMER AND RELEASE. IN CONSIDERATION OF THE SALE/LEASE OF THE AIRCRAFT, PURCHASER/LESSEE HEREBY WAIVES, RELEASES AND RENOUNCES ALL WARRANTIES, OBLIGATIONS AND LIABILITIES OF BOEING AND ALL OTHER RIGHTS, CLAIMS AND REMEDIES OF PURCHASER/LESSEE AGAINST BOEING, EXPRESS OR IMPLIED, ARISING BY LAW OR OTHERWISE, WITH RESPECT TO ANY NONCONFORMANCE OR DEFECT IN ANY AIRCRAFT, BOEING PRODUCT, MATERIALS, TRAINING, SERVICES OR OTHER THING PROVIDED UNDER THE AIRCRAFT AGREEMENT, INCLUDING, BUT NOT LIMITED TO:

	
 
	
(i)
	
ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS;
	
 

	
 
	
(ii)
	
ANY IMPLIED WARRANTY ARISING FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE;
	
 

	
 
	
(iii)
	
ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY IN TORT, WHETHER OR NOT ARISING FROM THE NEGLIGENCE OF BOEING; AND
	
 

	
 
	
(iv)
	
ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY FOR LOSS OF OR DAMAGE TO ANY AIRCRAFT.
	
 

2.3EXCLUSION OF CONSEQUENTIAL AND OTHER DAMAGES. BOEING WILL HAVE NO OBLIGATION OR LIABILITY, WHETHER ARISING IN CONTRACT (INCLUDING WARRANTY), TORT, WHETHER OR NOT ARISING FROM THE NEGLIGENCE OF BOEING, OR OTHERWISE, FOR LOSS OF USE, REVENUE OR PROFIT, OR FOR ANY OTHER INCIDENTAL OR CONSEQUENTIAL DAMAGES WITH RESPECT TO ANY NONCONFORMANCE OR DEFECT IN ANY AIRCRAFT, MATERIALS, TRAINING, SERVICES OR OTHER THING PROVIDED UNDER THE AIRCRAFT AGREEMENT.

2.4Definitions. For the purpose of this paragraph 2, BOEING or Boeing is defined as The Boeing Company, its divisions, subsidiaries, affiliates, the assignees of each, and their respective directors, officers, employees and agents.

 

				
	
Very truly yours,

	
 
	
 
	
 
	
 

	
//Seller/Lessor//
	
//Purchaser/Lessee//

	
 
	
 
	
 
	
 

	
By
	
 
	
By
	
 

	
 
	
 
	
 
	
 

	
Its
	
 
	
Its
	
 

	
 
	
 
	
 
	
 

	
Dated
	
 
	
Dated
	
 

 

 

			
	
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Appendix VI

Page 18

 

Appendix VI 

SAMPLE

Post-Delivery Owner Appointment of Agent - Warranties

 

 

Boeing Commercial Airplanes

P. O. Box 3707

Seattle, Washington 98124-2207 U.S.A.

 

By Courier

1901 Oakesdale Ave. SW Renton, WA 98057 U.S.A.

 

AttentionVice President – Contracts

Mail Code 21-34

20

 

	
 
	
Reference is made to Purchase Agreement No.
	
dated as of , (PurchaseAgreement),betweenTheBoeingCompany(Boeing)and
	
 

 (Customer), under which Customer purchased certain Boeing Modelaircraft including the aircraft bearing Manufacturer's Serial No(s)

  (Aircraft). The Purchase Agreement incorporated by reference Aircraft General Terms Agreement <AGTA> (AGTA).

Capitalized terms used herein without definition will have the same meaning as in the Purchase Agreement.

To accomplish the appointment of an agent, Customer confirms:

1.Customer has appointedas agent (Agent) to act directly with Boeing with respect to the remaining warranties under the Purchase Agreement and requests Boeing to treat Agent as Customer for the administration of claims with respect to such warranties; provided however, Customer remains liable to Boeing to perform the obligations of Customer under the Purchase Agreement.

2.Boeing may continue to deal exclusively with Agent concerning the matters described herein unless and until Boeing receives written notice from Customer to the contrary, addressed to Vice President - Contracts, Mail Code 21-34, Boeing Commercial Airplanes, P.O. Box 3707, Seattle, Washington 98124-2207, U.S.A. With respect to the rights and obligations of Customer under the Purchase Agreement, all actions taken by Agent or agreements entered into by Agent during the period prior to Boeing's receipt of such notice are final and binding on Customer. Further, any payments made by Boeing as a result of claims made by Agent will be made to the credit of Agent unless otherwise specified when each claim is submitted.

3.Customer will remain responsible for any payments due Boeing as a result of obligations relating to the Aircraft incurred by Customer to Boeing prior to the effective date of this letter.

 

 

			
	
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Appendix VI

Page 19

 

Appendix VI 

SAMPLE

Post-Delivery Owner Appointment of Agent - Warranties

 

 

 

We request that Boeing acknowledge receipt of this letter and confirm the appointment of Agent as stated above by signing the acknowledgment and forwarding one copy of this letter to each of the undersigned.

 

Very truly yours, Customer

		
	
By
	
 

	
 
	
 

	
Its
	
 

	
 
	
 

	
Dated
	
 

 

 

 

			
	
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[ * ]
	
 
	
Appendix VI

Page 20

 

Appendix VI 

SAMPLE

Post-Delivery Owner Appointment of Agent - Warranties

 

 

 

AGENT'S AGREEMENT

 

Agent accepts the appointment as stated above, acknowledges it has reviewed the those portions of the Purchase Agreement related to the authority granted it under the Purchase Agreement and agrees that, in exercising any rights or making any claims thereunder, Agent will be bound by and comply with all applicable terms and conditions of the Purchase Agreement including, without limitation, the DISCLAIMER AND RELEASE and EXCLUSION OF CONSEQUENTIAL AND OTHER DAMAGES in Article 11 of Part 2 of Exhibit C to the AGTA. Agent further agrees, upon the written request of Boeing, to promptly execute and deliver such further assurances and documents and take such further action as Boeing may reasonably request in order to obtain the full benefits of the warranties under the Purchase Agreement.

Very truly yours, Agent

Agent

 

		
	
By
	
 

	
 
	
 

	
Its
	
 

	
 
	
 

	
Dated
	
 

 

Receipt of the above letter is acknowledged and the appointment of Agent with respect to the above-described rights under the Purchase Agreement is confirmed, effective as of this date.

 

THE BOEING COMPANY

 

			
	
By
	
 
	
 

	
 
	
 
	
 

	
Its
	
 
	
 

	
 
	
 
	
 

	
Dated
	
 
	
 

	
 
	
 
	
 

	
Aircraft Manufacturer’s Serial Number
	
 

 

 

 

 

			
	
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[ * ]
	
 
	
Appendix VI

Page 21

 

Appendix VIII 

SAMPLE

Post-Delivery Sale with Lease to Seller

 

 

 

[Notice from Owner/Seller and subsequent Buyer regarding post-delivery sale and lease back of an aircraft and transfer of all remaining Purchase Agreement rights.]

Boeing Commercial Airplanes

P. O. Box 3707

Seattle, Washington 98124-2207 U.S.A.

 

By Courier

1901 Oakesdale Ave. SW Renton, WA 98057 U.S.A.

 

AttentionVice President – Contracts

Mail Code 21-34

 

In connection with                             's (Seller's) sale to and lease back from

                             (Buyer) of the aircraft identified below, reference is made to the following documents:

	
 
	
1.
	
Purchase Agreement No.                              dated as of                             , between The Boeing Company (Boeing) and Seller (Agreement) under which Seller purchased certain Boeing Model                              aircraft, including the aircraft bearing Manufacturer's  Serial  No.(s)                        (Aircraft). The Agreement incorporates by reference the terms of <AGTA> dated                             , between Seller and Boeing.

	
 
	
1.
	

	
 
	
2.
	
Aircraft Sale Agreement dated as of                             , between Seller and (Buyer).

 

 

	
 
	
3.
	
Aircraft Lease Agreement dated as of                          , between Buyer and Seller.

 

Capitalized terms used herein without definition will have the same meaning as in the Agreement.

 

Seller confirms for the benefit of Boeing it owns and controls the rights it purports to assign herein.

Seller has sold the Aircraft, including in that sale the transfer to Buyer of all remaining rights related to the Aircraft under the Agreement. To accomplish this transfer of rights, as authorized by the provisions of the Agreement:

 

 

			
	
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Appendix VIII

Page 21

 

Appendix VIII 

SAMPLE

Post-Delivery Sale with Lease to Seller

 

 

 

4.Buyer acknowledges it has reviewed the Agreement and agrees that in exercising any rights under the Agreement or asserting any claims with respect to the Aircraft or other things (including without limitation, Materials, training and services) delivered or to be delivered, it is bound by and will comply with all applicable terms, conditions, and limitations of the Agreement including but not limited to those related to any exclusion or limitation of liabilities or warranties, indemnity and insurance; and

5.Buyer authorizes Seller to exercise, to the exclusion of Buyer all rights and powers of “Customer” with respect to the remaining rights related to the Aircraft under the Agreement. This authorization will continue until Boeing receives written notice from Buyer to the contrary, addressed to Vice President - Contracts, Mail Code 21-34, Boeing Commercial Airplanes, P.O. Box 3707, Seattle, Washington 98124-2207 (if by mail) or (425) 237-1706 (if by facsimile). Until Boeing receives this notice, Boeing is entitled to deal exclusively with Seller as “Customer” with respect to the Aircraft under the Agreement. With respect to the rights, powers, duties and obligations of “Customer” under the Agreement, all actions taken by Seller or agreements entered into by Seller during the period prior to Boeing's receipt of that notice are final and binding on Buyer. Further, any payments made by Boeing as a result of claims made by Seller prior to receipt of such notice are to be made to the credit of Seller.

6.Seller accepts the authorization set forth in paragraph 2 above, acknowledges it has reviewed the Agreement and agrees that in exercising any rights under the Agreement or asserting any claims with respect to the Aircraft or other things (including without limitation, Materials, training and services) delivered or to be delivered, it is bound by and will comply with all applicable terms, conditions, and limitations of the Agreement including but not limited to those relating to any exclusion or limitation of liabilities or warranties, indemnity and insurance.

7.Seller agrees to remain responsible for any payments due Boeing as a result of obligations relating to the Aircraft incurred by Seller to Boeing prior to the effective date of this letter.

We request that Boeing acknowledge receipt of this letter and confirm the transfer of rights set forth above by signing the acknowledgment and forwarding one copy of this letter to each of the undersigned.

 

 

			
	
AH5-PA-05168-LA-2105171

[ * ]
	
 
	
Appendix VIII

Page 22

 

Appendix VIII 

SAMPLE

Post-Delivery Sale with Lease to Seller

 

 

 

				
	
Very truly yours,

	
 
	
 
	
 
	
 

	
Seller
	
Buyer

	
 
	
 
	
 
	
 

	
By
	
 
	
By
	
 

	
 
	
 
	
 
	
 

	
Its
	
 
	
Its
	
 

	
 
	
 
	
 
	
 

	
Dated
	
 
	
Dated
	
 

 

Receipt of the above letter is acknowledged and transfer of rights under the Agreement with respect to the Aircraft described above is confirmed, effective as of the date indicated below.

 

THE BOEING COMPANY

 

		
	
By
	
 

	
 
	
 

	
Its
	
Attorney-in-Fact

	
 
	
 

	
Dated
	
 

 

 

 

			
	
AH5-PA-05168-LA-2105171

[ * ]
	
 
	
Appendix VIII

Page 23

 

Appendix IX 

SAMPLE

SALE WITH LEASE

 

 

 

[NOTE: From 1st tier Owner/Seller and subsequent Buyer regarding post-delivery sale and lease of an aircraft. Remaining PA rights have been assigned to the new owner; the new owner authorizes a lessee to exercise such rights during the term of a lease. ]

Boeing Commercial Airplanes

P. O. Box 3707

Seattle, Washington 98124-2207 U.S.A.

 

By Courier

1901 Oakesdale Ave. SW Renton, WA 98057 U.S.A.

 

AttentionVice President – Contracts

Mail Code 21-34

 

In connection with the sale by                                (Seller) to                    (Purchaser) and subsequent lease of the aircraft identified below, reference is made to the following documents:

1.Purchase Agreement No.             dated as of                 , , between The Boeing Company (Boeing) and Seller (Agreement) under which Seller purchased certain Boeing Model                     aircraft, including the aircraft bearing Manufacturer's Serial No(s).                   (Aircraft).

2.Aircraft sale agreement dated as of                      , between Seller and Purchaser.

3.Aircraft  lease  agreement  dated  as  of                      , between Purchaser and                       (Lessee)(Lease).

Capitalized terms used herein without definition will have the same meaning as in the Agreement.

Seller has sold the Aircraft, including in that sale the assignment to Purchaser of all remaining rights related to the Aircraft under the Agreement. To accomplish this transfer of rights, as authorized by the provisions of the Agreement:

3.1Seller confirms for the benefit of the Manufacturer it owns and controls the rights it purports to have assigned.

 

 

			
	
AH5-PA-05168-LA-2105171

[ * ]
	
 
	
Appendix IX

Page 24

 

Appendix IX 

SAMPLE

SALE WITH LEASE

 

 

 

3.2Purchaser agrees that in exercising any rights under the Agreement or asserting any claims with respect to the Aircraft or other things (including without limitation, [data and documents/Materials], training and services) delivered or to be delivered, it is bound by and will comply with all applicable terms, conditions, and limitations of the Agreement including but not limited to those related to any exclusion or limitation of liabilities or warranties, indemnity and insurance; and

3.3Seller will remain responsible for any payment due Boeing as a result of obligations relating to the Aircraft incurred by Seller to Boeing prior to the effective date of this letter.

3.4Purchaser authorizes Lessee during the term of the Lease to exercise, to the exclusion of Purchaser all rights and powers of Buyer/Customer with respect to the remaining rights related to the Aircraft under the Agreement. This authorization will continue until Boeing receives written notice from Purchaser to the contrary, addressed to Vice President - Contracts, Mail Code 21-34, Boeing Commercial Airplanes, P.O. Box 3707, Seattle, Washington 98124-2207 (if by mail) or (425)237-1706 (if by facsimile). Until Boeing receives this notice, Boeing is entitled to deal exclusively with Lessee as Buyer/Customer with respect to the Aircraft under the Agreement. With respect to the rights, powers, duties and obligations of Buyer/Customer under the Agreement, all actions taken by Lessee or agreements entered into by Lessee during the period prior to Boeing's receipt of that notice are final and binding on Purchaser. Further, any payments made by Boeing as a result of claims made by Lessee prior to receipt of this notice are to be made to the credit of Lessee.

3.5Lessee accepts the authorization set forth in paragraph 3 above, acknowledges it has reviewed the Agreement and agrees that in exercising any rights under the Agreement or asserting any claims with respect to the Aircraft or other things (including without limitation, data and documents/Materials, training and services) delivered or to be delivered, it is bound by and will comply with all applicable terms, conditions, and limitations of the Agreement including but not limited to those related to any exclusion or limitation of liabilities or warranties, indemnity and insurance.

We request that Boeing acknowledge receipt of this letter and confirm the transfer of rights set forth above by signing the acknowledgment and forwarding one copy of this letter to each of the undersigned.

 

 

			
	
AH5-PA-05168-LA-2105171

[ * ]
	
 
	
Appendix IX

Page 25

 

Appendix IX 

SAMPLE

SALE WITH LEASE

 

 

 

				
	
Very truly yours,

	
 
	
 
	
 
	
 

	
Seller
	
Purchaser

	
 
	
 
	
 
	
 

	
By
	
 
	
By
	
 

	
 
	
 
	
 
	
 

	
Its
	
 
	
Its
	
 

	
 
	
 
	
 
	
 

	
Dated
	
 
	
Dated
	
 

 

		
	
 
	
(Lessee)

 

		
	
By
	
 

	
 
	
 

	
Its
	
 

	
 
	
 

	
Dated
	
 

 

 

 

			
	
AH5-PA-05168-LA-2105171

[ * ]
	
 
	
Appendix IX

Page 26

 

Appendix IX 

SAMPLE

SALE WITH LEASE

 

 

 

Receipt of the above letter is acknowledged and the transfers of rights under the Agreement with respect to the Aircraft described above are confirmed, effective as of the date indicated below.

 

THE BOEING COMPANY

 

		
	
By
	
 

	
 
	
 

	
Its
	
Attorney-in-Fact

	
 
	
 

	
Dated
	
 

	
 
	
 

	
MSN
	
 

 

 

 

			
	
AH5-PA-05168-LA-2105171

[ * ]
	
 
	
Appendix IX

Page 27

 

Appendix X 

SAMPLE

Post-Delivery Security

 

 

 

Boeing Commercial Airplanes

P. O. Box 3707

Seattle, Washington 98124-2207 U.S.A.

 

By Courier

1901 Oakesdale Ave. SW Renton, WA 98057 U.S.A.

 

AttentionVice President – Contracts

Mail Code 21-34

 

Reference   is   made   to   Purchase Agreement  No.dated   as  of

 ,(Agreement)   between  The  Boeing   Company   (Boeing)  and

  (Borrower) pursuant to which Borrower purchased from Boeing one (1) Boeing modelaircraft bearing Manufacturer’s Serial Number (Aircraft). The Agreement incorporates by reference the terms of Aircraft   General   Terms   Agreement   <AGTA> (AGTA),  dated , between Borrower and Boeing.

Capitalized terms used herein without definition will have the same meanings as in the Agreement.

Borrower confirms for the benefit of Boeing it owns and controls the rights it purports to assign herein.

In connection with Borrower’s financing of the Aircraft, Borrower is entering into a Trust Indenture/Mortgage, dated as of , between Borrower and Indenture Trustee/Mortgagee (Trust Indenture/Mortgage), which grants a security interest in [the warranty rights/ all of its rights] contained in the Agreement related to the Aircraft (Assigned Rights). Borrower is authorized to exercise the Assigned Rights until such time as the Indenture Trustee/Mortgagee notifies Boeing as provided below that an Event of Default under the Trust Indenture/Mortgage has occurred and is continuing. In connection with this assignment for security purposes, as authorized by the provisions of the Agreement:

 

 

			
	
AH5-PA-05168-LA-2105171

AGTA Terms Revisions
	
 
	
Appendix X

Page 28

 

Appendix X 

SAMPLE

Post-Delivery Security

 

 

 

1.Indenture Trustee/Mortgagee, as assignee of, and holder of a security interest in, the estate, right, and interest of the Borrower in and to the Agreement pursuant to the terms of a certain Trust Indenture/Mortgage, acknowledges that it has received copies of the applicable provisions of the Agreement and agrees that in exercising any rights under the Agreement or asserting any claims with respect to the Aircraft or other things (including without limitation, Materials, training and services) delivered or to be delivered, its rights and remedies under the Trust Indenture/Mortgage will be subject to the terms and conditions of the Agreement including but not limited to those related to any exclusion or limitation of liabilities or warranties, indemnity and insurance.

2.Borrower is authorized to exercise, to the exclusion of [Indenture Trustee/Mortgagee] all rights and powers of “Customer” under the Agreement, unless and until Boeing receives a written notice from Indenture Trustee/Mortgagee, addressed to its Vice President - Contracts, Boeing Commercial Airplanes at P.O. Box 3707, Seattle, Washington 98124, Mail Code 21-34 (if by mail), or (425) 237-1706 (if by facsimile) that an event of default under the Trust Indenture/Mortgage has occurred and is continuing. Until such notice has been given, Boeing will be entitled to deal solely and exclusively with Borrower. Thereafter, until Indenture Trustee/Mortgagee has provided Boeing written notice that any such event no longer continues, Boeing will be entitled to deal solely and exclusively with Indenture Trustee/Mortgagee. Boeing may act with acquittance and conclusively rely on any such notice.

Borrower will remain responsible to Boeing for any amounts due Boeing with respect to the Aircraft under the Agreement prior to Boeing’s receipt of such notice. We request that Boeing acknowledge receipt of this letter and confirm the transfer of rights set forth above by signing its acknowledgment and forwarding one copy of this letter to each of the undersigned.

 

Very truly yours,

 

				
	
 
	
 
	
Indenture Trustee/Mortgagee

	
 
	
 
	
 

	
By
	
 
	
By
	
 

	
 
	
 
	
 
	
 

	
Its
	
 
	
Its
	
 

	
 
	
 
	
 
	
 

	
Dated
	
 
	
Dated
	
 

 

 

 

			
	
AH5-PA-05168-LA-2105171

AGTA Terms Revisions
	
 
	
Appendix X

Page 29

 

Appendix X 

SAMPLE

Post-Delivery Security

 

 

 

Receipt of the above letter is acknowledged and the transfer of rights under the Agreement with respect to the Aircraft described above is confirmed, effective as of the date indicated below.

 

THE BOEING COMPANY

 

		
	
By
	
 

	
 
	
 

	
Its
	
Attorney-in-Fact

	
 
	
 

	
Dated
	
 

	
 
	
 

	
MSN
	
 

 

 

 

			
	
AH5-PA-05168-LA-2105171

AGTA Terms Revisions
	
 
	
Appendix X

Page 30

 

 

 

 

	

	
 
	
The Boeing Company

P.O. Box 3707

Seattle, WA 98124 2207

	
 
	
 
	
 

	
AH5-PA-05168-LA-2105146
	
 
	
 

	
 
	
 
	
 

	
Atlas Air Worldwide Holdings, Inc.

2000 Westchester Avenue
	
 
	
 

	
Purchase, NY 10577
	
 
	
 

	
 
	
 
	
 

	
 
	
 
	
 

	
Subject: [ * ]
	
 
	
 

 

 

 

 

Reference: Purchase Agreement No. PA-05168 (Purchase Agreement) between The Boeing Company (Boeing) and Atlas Air Worldwide Holdings, Inc. (Customer) relating to model 777-F aircraft (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.

 

Boeing has developed an [ * ] utilizing industry accepted and regulatory required safety, operations, maintenance, flight crew and engineering standards for operators of commercial aircraft (Industry Standards). At signing of the Purchase Agreement or, Boeing may elect to provide the [ * ]  to Customer.

 

	
 
	
1.
	
Reviews.

 

1.1[ * ]. The [ * ] consists of:

 

	
 
	
(i)
	
the review of Customer’s operational alignment with the Industry Standards to validate compliance therewith (Review); and
	
 

 

	
 
	
(ii)
	
at Boeing’s discretion, the provision of support to Customer to enhance compliance to the Industry Standards where areas of concern are identified (Support).
	
 

 

1.2Review Process. To facilitate execution of the [ * ] as may be applicable to Customer, Boeing will, following Boeing’s election to provide to Customer the [ * ], provide to Customer the Industry Standards within [ * ] of the execution of the Purchase Agreement for the purchase of the Aircraft. Boeing will conduct the Review at any time prior to production implementation of the Aircraft, and at periodic intervals thereafter. The Industry Standards comprise (i) the “Maintenance and Engineering Evaluation Criteria” and (ii) the “Flight Crew Operations and Training Evaluation Criteria” and will be the subject of the Review. Boeing will conduct all on-site portions of Reviews at Customer’s main bases. All Reviews will be presented in English.

 

 

 

 

			
	
 
	
 
	
Page 1

BOEING PROPRIETARY

 

 

1.3Review Results. Boeing, acting reasonably, will promptly provide to Customer findings, if any, from the Review. If findings from the Review indicate non- compliance with the Industry Standards, then Boeing will:

 

	
 
	
(i)
	
provide Customer with recommendations to address such findings; and
	
 

 

	
 
	
(ii)
	
work with Customer in a timely manner to resolve such findings, and facilitate Customer’s implementation of the recommendations provided by Boeing, with implementation to address such findings to be confirmed by a subsequent Review by Boeing.
	
 

 

	
 
	
2.
	
Delays.

 

If a subsequent Review does not demonstrate Customer’s compliance with the Industry Standards and such non-compliance results in a delay in the delivery of an Aircraft beyond the last day of the scheduled delivery month established in the Purchase Agreement for such Aircraft [ * ], then the following terms will apply:

 

2.1[ * ].

 

2.2[ * ].

 

2.3[ * ].

 

2.4[ * ].

 

 

			
	
AH5-PA-05168-LA-2105146
	
 
	
Page 2

BOEING PROPRIETARY

 

 

	
 
	
3.
	
Cost.

 

[ * ].

 

	
 
	
4.
	
Terms.

 

The DISCLAIMER AND RELEASE and EXCLUSION OF CONSEQUENTIAL

AND OTHER DAMAGES provisions in Article 11 of Part 2 of Exhibit C of the AGTA and the insurance provisions in Article 8.2 of the AGTA apply to all Reviews and Support provided under the AOE Program.

 

	
 
	
5.
	
Assignment.

 

Notwithstanding any other provisions of the Purchase Agreement, the rights and obligations described in this Letter Agreement are provided to Customer in consideration of Customer becoming the operator of the Aircraft and cannot be assigned, in whole or in part, without the prior written consent of Boeing.

 

	
 
	
6.
	
Confidentiality.

 

The information contained herein represents confidential business information and has value precisely because it is not available generally or to other parties. Customer will limit the disclosure of its contents to employees of Customer with a need to know the contents for purposes of helping Customer perform its obligations under the Purchase Agreement and who understand they are not to disclose its contents to any other person or entity without the prior written consent of Boeing.

 

					
	
ACCEPTED AND AGREED TO this
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
Date:
	
December 27, 2021
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
Atlas Air Worldwide Holdings, Inc.

 
	
 
	
 
	
THE BOEING COMPANY

 

	
By:
	
/s/ John Dietrich
	
 
	
By:
	
[ * ]

	
 
	
 
	
 
	
 

	
Name:
	
John Dietrich
	
 
	
Name:
	
[ * ]

	
 
	
 
	
 
	
 

	
Title:
	
President & Chief Executive Officer
	
 
	
Title:
	
Attorney-In-Fact

 

 

 

			
	
AH5-PA-05168-LA-2105146
	
 
	
Page 3

BOEING PROPRIETARY

 

 

 

	

	
 
	
The Boeing Company

P.O. Box 3707

Seattle, WA 98124 2207

	
 
	
 
	
 

	
AH5-PA-05168-LA-2105154
	
 
	
 

	
 
	
 
	
 

	
Atlas Air Worldwide Holdings, Inc.

2000 Westchester Avenue
	
 
	
 

	
Purchase, NY 10577
	
 
	
 

	
 
	
 
	
 

	
 
	
 
	
 

	
Subject: [ * ]
	
 
	
 

 

 

 

Reference: Purchase Agreement No. PA-05168 (Purchase Agreement) between The Boeing Company (Boeing) and Atlas Air Worldwide Holdings, Inc. (Customer) relating to Model 777-F aircraft (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.

 

	
 
	
1.
	
[ * ].

 

[ * ] established in the Purchase Agreement [ * ] pursuant to applicable law.

 

	
 
	
2.
	
[ * ].

 

Boeing [ * ] at a fixed rate of [ * ]. [ * ] at actual delivery of the Aircraft.

 

	
 
	
3.
	
[ * ].

 

In addition [ * ], for each [ * ] after the Scheduled Delivery Month, [ * ] as follows      [ * ] received by Boeing [ * ]:

[ * ]

 

[ * ]

 

4.[ * ].

 

[ * ].

 

5.[ * ].

 

If the Purchase Agreement [ * ], Boeing [ * ] Customer:

 

(i)[ * ].

(ii)[ * ].

(iii)[ * ].

 

6.Exclusive Remedies.

 

The remedies set forth in this Letter Agreement are Customer’s exclusive remedies for a [ * ] and are in lieu of all other damages, claims, and remedies of Customer arising at law or otherwise [ * ]. 

 

 

			
	
 
	
 
	
Page 1

BOEING PROPRIETARY

 

 

 

Customer hereby waives and renounces all other claims and remedies arising at law or otherwise [ * ].

 

7.Assignment.

 

Notwithstanding any other provisions of the Purchase Agreement, the rights and obligations described in this Letter Agreement are provided to Customer in consideration of Customer becoming the operator of the Aircraft and cannot be assigned, in whole or in part, without the prior written consent of Boeing.

 

8.Confidentiality.

 

Customer understands and agrees that the information contained herein represents confidential business information and has value precisely because it is not available generally or to other parties.  Customer agrees to limit the disclosure of its contents to employees of Customer, directors and officers of Atlas Air Worldwide Holdings, Inc. and Titan Aviation Holdings, Inc. and their wholly owned subsidiaries and Customer’s auditors and outside counsel, with a need to know the contents for purposes of helping Customer perform its obligations under the Purchase Agreement and who understand they are not to disclose its contents to any other person or entity without the prior written consent of Boeing.  In the event that Customer in good faith concludes (based upon an opinion of counsel) that disclosure of information contained in this Letter Agreement may be required by applicable law or governmental regulations, Customer shall advise Boeing in writing prior to such disclosure, if possible, or, if not possible, then promptly upon receiving such order or upon identifying such need to comply, in order to enable Boeing to take whatever steps it deems necessary to protect its interests in this regard, and Customer will, in any event, disclose only that portion of the information which it is legally required to disclose and Customer will use its reasonable endeavors to protect the confidentiality of such information to the widest extent possible in the circumstances`.

 

					
	
ACCEPTED AND AGREED TO this
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
Date:
	
December 27, 2021
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
Atlas Air Worldwide Holdings, Inc.

 
	
 
	
 
	
THE BOEING COMPANY

 

	
By:
	
/s/ John Dietrich
	
 
	
By:
	
[ * ]

	
 
	
 
	
 
	
 

	
Name:
	
John Dietrich
	
 
	
Name:
	
[ * ]

	
 
	
 
	
 
	
 

	
Title:
	
President & Chief Executive Officer
	
 
	
Title:
	
Attorney-In-Fact

 

 

 

 

			
	
AH5-PA-05168-LA-2105154
	
 
	
Page 2

BOEING PROPRIETARY

 

 

 

	

	
 
	
The Boeing Company

P.O. Box 3707

Seattle, WA 98124 2207

	
 
	
 
	
 

	
AH5-PA-05168-LA-2105159
	
 
	
 

	
 
	
 
	
 

	
Atlas Air Worldwide Holdings, Inc.

2000 Westchester Avenue
	
 
	
 

	
Purchase, NY 10577
	
 
	
 

	
 
	
 
	
 

	
 
	
 
	
 

	
Subject: [ * ]
	
 
	
 

 

 

 

Reference: Purchase Agreement No. PA-05168 (Purchase Agreement) between The Boeing Company (Boeing) and Atlas Air Worldwide Holdings, Inc. (Customer) relating to Model 777-F aircraft (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.

 

           [ * ].

 

Basic Credit Memorandum. At the time of delivery of each 777-F Aircraft, Boeing will issue to Customer [ * ] in an amount determined by multiplying the Airframe Price by [ * ].

 

        [ * ]

 

        [ * ].

 

[ * ].

 

[ * ]

 

 

 

			
	
AH5-PA-05168-LA-2105154
	
 
	
Page 3

BOEING PROPRIETARY

 

 

 

           Assignment.

 

Unless otherwise noted herein, the Credit Memoranda described in this Letter Agreement are provided as a financial accommodation to Customer and in consideration of Customer taking title to the Aircraft at time of delivery and becoming the operator of the Aircraft. This Letter Agreement cannot be assigned, in whole or in part, without the prior written consent of Boeing.

 

           [ * ].

[ * ].

 

           Confidentiality.

 

Customer understands and agrees that the information contained herein represents confidential business information and has value precisely because it is not available generally or to other parties. Customer agrees to limit the disclosure of its contents to employees of Customer, directors and officers of Atlas Air Worldwide Holdings, Inc. and Titan Aviation Holdings, Inc. and their wholly owned subsidiaries and Customer’s auditors and outside counsel, with a need to know the contents for purposes of helping Customer perform its obligations under the Purchase Agreement and who understand they are not to disclose its contents to any other person or entity without the prior written consent of Boeing. In the event that Customer in good faith concludes (based upon an opinion of counsel) that disclosure of information contained in this Letter Agreement may be required by applicable law or governmental regulations, Customer shall advise Boeing in writing prior to such disclosure, if possible, or, if not possible, then promptly upon receiving such order or upon identifying such need to comply, in order to enable Boeing to take whatever steps it deems necessary to protect its interests in this regard, and Customer will, in any event, disclose only that portion of the information which it is legally required to disclose and Customer will use its reasonable endeavors to protect the confidentiality of such information to the widest extent possible in the circumstances.

 

 

			
	
AH5-PA-05168-LA-2105159
	
 
	
Page 1

BOEING PROPRIETARY

 

 

 

 

					
	
ACCEPTED AND AGREED TO this
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
Date:
	
December 27, 2021
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
Atlas Air Worldwide Holdings, Inc.

 
	
 
	
 
	
THE BOEING COMPANY

 

	
By:
	
/s/ John Dietrich
	
 
	
By:
	
[ * ]

	
 
	
 
	
 
	
 

	
Name:
	
John Dietrich
	
 
	
Name:
	
[ * ]

	
 
	
 
	
 
	
 

	
Title:
	
President & Chief Executive Officer
	
 
	
Title:
	
Attorney-In-Fact

 

 

 

 

 

 

			
	
AH5-PA-05168-LA-2105159
	
 
	
Page 2

BOEING PROPRIETARY

 

 

 

	

	
 
	
The Boeing Company

P.O. Box 3707

Seattle, WA 98124 2207

	
 
	
 
	
 

	
AH5-PA-05168-LA-2105327
	
 
	
 

	
 
	
 
	
 

	
Atlas Air Worldwide Holdings, Inc.

2000 Westchester Avenue
	
 
	
 

	
Purchase, NY 10577
	
 
	
 

	
 
	
 
	
 

	
 
	
 
	
 

	
Subject: [ * ]
	
 
	
 

 

 

 

 

 

Reference: Purchase Agreement No. PA-05168 (Purchase Agreement) between The Boeing Company (Boeing) and Atlas Air Worldwide Holdings, Inc. (Customer) relating to Model 777-F aircraft (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.

 

	
 
	
1.
	
[ * ].

 

1.1[ * ]:

 

	
 
	
1.1.1
	
[ * ]

 

	
 
	
1.1.2
	
[ * ]

 

	
 
	
1.1.3
	
[ * ]

 

1.2[ * ].

 

1.3[ * ].

 

	
 
	
2.
	
[ * ].

 

[ * ].

 

 

 

			
	
AH5-PA-05168-LA-2105159
	
 
	
Page 1

BOEING PROPRIETARY

 

 

	
 
	
3.
	
Confidentiality.

 

Customer understands and agrees that the information contained herein represents confidential business information and has value precisely because it is not available generally or to other parties. Customer agrees to limit the disclosure of its contents to employees of Customer, directors and officers of Atlas Air Worldwide Holdings, Inc. and Titan Aviation Holdings, Inc. and their wholly owned subsidiaries and Customer’s auditors and outside counsel, with a need to know the contents for  purposes of helping Customer perform its obligations under the Purchase Agreement and who understand they are not to disclose its contents to any other person or entity without the prior written consent of Boeing. In the event that Customer in good faith concludes (based upon an opinion of counsel) that disclosure of information contained in this Letter Agreement may be required by applicable law or governmental regulations, Customer shall advise Boeing in writing prior to such disclosure, if possible, or, if not possible, then promptly upon receiving such order or upon identifying such need to comply, in order to enable Boeing to take whatever steps it deems necessary to protect its interests in this regard, and Customer will, in any event, disclose only that portion of the information which it is legally required to disclose and Customer will use its reasonable endeavors to protect the confidentiality of such information to the widest extent possible in the circumstances.

 

ACCEPTED AND AGREED TO this

 

					
	
 
	
 
	
 
	
 

	
Date:
	
December 27, 2021
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
Atlas Air Worldwide Holdings, Inc.

 
	
 
	
 
	
THE BOEING COMPANY

 

	
By:
	
/s/ John Dietrich
	
 
	
By:
	
[ * ]

	
 
	
 
	
 
	
 

	
Name:
	
John Dietrich
	
 
	
Name:
	
[ * ]

	
 
	
 
	
 
	
 

	
Title:
	
President & Chief Executive Officer
	
 
	
Title:
	
Attorney-In-Fact

 

 

 

 

			
	
AH5-PA-5168-LA-2105327

[ * ]
	
 
	
Page 2

BOEING PROPRIETARY

 

 

 

 

 

	

	
 
	
The Boeing Company

P.O. Box 3707

Seattle, WA 98124 2207

	
 
	
 
	
 

	
Atlas Air Worldwide Holdings, Inc.

2000 Westchester Avenue
	
 
	
 

	
Purchase, NY 10577
	
 
	
 

	
 
	
 
	
 

	
Subject: [ * ]
	
 
	
 

	
 
	
 
	
 

	
 
	
 
	
 

	
 
	
 
	
 

 

 

 

Reference: Purchase Agreement No.  PA-05168  (Purchase  Agreement)  between The Boeing Company (Boeing) and Atlas Air Worldwide Holdings, Inc. (Customer) relating to Model 777-F aircraft (Aircraft)

 

This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. It grants to Customer the Airworthiness Directive Cost Participation Program described herein (Program). All terms used but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement.

 

	
 
	
1.
	
[ * ].

 

This Program applies to any [ * ] at the time of delivery that [ * ] with Boeing-designed corrective materials to comply with [ * ] when [ * ].

 

2.[ * ].

The term of the Program is [ * ] after delivery of each Aircraft.

 

3.[ * ].

 

3.1The price for the Program [ * ], for each Aircraft.

 

3.2[ * ].

 

4.[ * ].

 

4.1Materials. If [ * ] are required as described under Article 1 above [ * ] of this Program, Boeing will [ * ] (including [ * ]) at a price determined in accordance with the following formula:

 

		
	
 
	
[ * ]

	
 

	
 
	
 

	
P=
	
[ * ]

	
 
	
 

	
C=
	
[ * ]

	
 
	
 

	
T= 
	
[ * ].

 

			
	
 
	
 
	
Page 1

BOEING PROPRIETARY

 

 

 

4.2[ * ]. Any [ * ] in the Aircraft that Boeing is required to provide to Customer [ * ], will be [ * ] as determined by the following formula:

 

		
	
R=
	
[ * ]

	
 
	
 

	
R=
	
[ * ].

	
 
	
 

	
L=
	
[ * ].

	
 
	
 

	
T=
	
[ * ].

 

5.General Conditions and Limitations.

 

5.1Customer's written notice of claim under this Program must be received by Boeing’s Warranties Regional Manager [ * ].

 

5.2THE DISCLAIMER AND RELEASE and EXCLUSION OF CONSEQUENTIAL AND OTHER DAMAGES provisions stated in Article 11 of Part 2 of Exhibit C of the AGTA apply to this Program.

 

 

			
	
AH5-PA-05168-LA-2105751
	
 
	
Page 1

BOEING PROPRIETARY

 

 

 

6.Assignment.

 

Notwithstanding any other provisions of the Purchase Agreement, the rights and obligations described in this Letter Agreement are provided to Customer in consideration of Customer becoming the operator of the Aircraft and cannot be assigned, in whole or in part, without the prior written consent of Boeing.

 

7.Confidentiality.

 

Customer understands and agrees that the information contained herein represents confidential business information and has value precisely because it is not available generally or to other parties.  Customer agrees to limit the disclosure of its contents to employees of Customer, directors and officers of Atlas Air Worldwide Holdings, Inc. and Titan Aviation Holdings, Inc. and their wholly owned subsidiaries and Customer’s auditors and outside counsel, with a need to know the contents for purposes of helping Customer perform its obligations under the Purchase Agreement and who understand they are not to disclose its contents to any other person or entity without the prior written consent of Boeing.  In the event that Customer in good faith concludes (based upon an opinion of counsel) that disclosure of information contained in this Letter Agreement may be required by applicable law or governmental regulations, Customer shall advise Boeing in writing prior to such disclosure, if possible, or, if not possible, then promptly upon receiving such order or upon identifying such need to comply, in order to enable Boeing to take whatever steps it deems necessary to protect its interests in this regard, and Customer will, in any event, disclose only that portion of the information which it is legally required to disclose and Customer will use its reasonable endeavors to protect the confidentiality of such information to the widest extent possible in the circumstances.

 

If the foregoing correctly sets forth your understanding of our agreement with respect to the matters contained herein, please indicate your acceptance and approval below.

 

 

			
	
AH5-PA-05168-LA-2105751
	
 
	
Page 2

BOEING PROPRIETARY

 

 

 

 

ACCEPTED AND AGREED TO this

 

					
	
Date:
	
December 27, 2021
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
Atlas Air Worldwide Holdings, Inc.

 
	
 
	
 
	
THE BOEING COMPANY

 

	
By:
	
/s/ John Dietrich
	
 
	
By:
	
[ * ]

	
 
	
 
	
 
	
 

	
Name:
	
John Dietrich
	
 
	
Name:
	
[ * ]

	
 
	
 
	
 
	
 

	
Title:
	
President & Chief Executive Officer
	
 
	
Title:
	
Attorney-In-Fact

 

 

 

			
	
AH5-PA-05168-LA-2105751
	
 
	
Page 3

BOEING PROPRIETARY

 

	
 
	
 
	
The Boeing Company

P.O. Box 3707

Seattle, WA  98124‐2207

 

 

 

Atlas Air Worldwide Holdings, Inc. 2000 Westchester Avenue

Purchase, NY 10577

 

Subject:[ * ]

 

Reference: Purchase Agreement No. PA-05168 (Purchase Agreement) between The Boeing Company (Boeing) and Atlas Air Worldwide Holdings, Inc. (Customer) relating to Model 747-8F aircraft (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.

 

The terms of this Letter Agreement will prevail in the event of any conflict between this Letter Agreement and any provision in the Purchase Agreement.

 

	
 
	
1.
	
[ * ].

 

This Letter Agreement sets forth the conditions under which Boeing [ * ] to a subsidiary or affiliate of Customer, or JV Entity as defined in Article 2 below. [ * ] time of delivery of the Aircraft will require that: [ * ].

 

	
 
	
2.
	
[ * ]
	
 

 

Customer [ * ] to [ * ] provided such [ * ] requirements in Article 1.

 

	
 
	
3.
	
[ * ].
	
 

 

In the [ * ], as defined herein, to the assignee, and [ * ], and of Customer’s assignee, under the Purchase Agreement [ * ]. [ * ] following events: [ * ].

 

4.Assignment.

 

This Letter Agreement is provided as an accommodation to Customer in consideration of its relationship with Boeing, and cannot be assigned in whole or in part.

 

5.Confidentiality.

 

Customer understands and agrees that the information contained herein represents confidential business information and has value precisely because it is not available generally or to other parties.  Customer agrees to limit the disclosure of its contents to employees of Customer, directors and officers of Atlas Air Worldwide Holdings, Inc. and Titan Aviation Holdings, Inc. and their wholly owned subsidiaries and 

			
	
AH5-PA-05168-LA-2105751
	
 
	
Page 1

BOEING PROPRIETARY

 

 

Customer’s auditors and outside counsel, with a need to know the contents for purposes of helping Customer perform its obligations under the Purchase Agreement and who understand they are not to disclose its contents to any other person or entity without the prior written consent of Boeing.  In the event that Customer in good faith concludes (based upon an opinion of counsel) that disclosure of information contained in this Letter Agreement may be required by applicable law or governmental regulations, Customer shall advise Boeing in writing prior to such disclosure, if possible, or, if not possible, then promptly upon receiving such order or upon identifying such need to comply, in order to enable Boeing to take whatever steps it deems necessary to protect its interests in this regard, and Customer will, in any event, disclose only that portion of the information which it is legally required to disclose and Customer will use its reasonable endeavors to protect the confidentiality of such information to the widest extent possible in the circumstances. In addition to any equitable relief that may be available to Boeing in the event of a breach of this Article, Boeing may rescind the Deferred Advance Payment Schedule described in Article 1.

 

 

			
	
AH5-PA-05168-LA-2105751
	
 
	
Page 2

BOEING PROPRIETARY

 

	
 
	
 
	
The Boeing Company

P.O. Box 3707

Seattle, WA  98124‐2207

 

 

 

ACCEPTED AND AGREED TO this

 

					
	
Date:
	
December 27, 2021
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
Atlas Air Worldwide Holdings, Inc.

 
	
 
	
 
	
THE BOEING COMPANY

 

	
By:
	
/s/ John Dietrich
	
 
	
By:
	
[ * ]

	
 
	
 
	
 
	
 

	
Name:
	
John Dietrich
	
 
	
Name:
	
[ * ]

	
 
	
 
	
 
	
 

	
Title:
	
President & Chief Executive Officer
	
 
	
Title:
	
Attorney-In-Fact

 

 

			
	
AH5-PA-05168-LA-2105751
	
 
	
Page 3

BOEING PROPRIETARY

 

	
 
	
 
	
The Boeing Company

P.O. Box 3707

Seattle, WA  98124‐2207

 

 

 

Atlas Air Worldwide Holdings, Inc.

2000 Westchester Avenue

Purchase, NY 10577

 

	
Subject:
	
[ * ]

 

	
Reference:
	
Purchase Agreement No. PA-05168 (Purchase Agreement) between The Boeing Company (Boeing) and Atlas Air Worldwide Holdings, Inc. (Customer) relating to Model 777-F aircraft (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.

1.[ * ].

1.1At Customer’s request, [ * ] on the Aircraft. The terms and conditions of this Letter Agreement will apply if Customer has [ * ].

1.2[ * ].

2.[ * ].

2.1[ * ]. Following the Customer inspection activities, [ * ].

2.2[ * ].

3.[ * ].

3.1Customer must [ * ] in support of Boeing’s schedule requirements.

3.2Customer [ * ] requirements for [ * ]. 

 

 

			
	
AH5-PA-05168-LA-2105751
	
 
	
Page 4

BOEING PROPRIETARY

 

	
 
	
 
	
The Boeing Company

P.O. Box 3707

Seattle, WA  98124‐2207

 

 

 

3.3Customer [ * ] regulatory requirements. 

3.4Customer [ * ].

4.[ * ].

4.1If [ * ], then (a) [ * ] required to further [ * ] and (b) Boeing [ * ], if applicable, on the Aircraft.

4.2[ * ] to (a) [ * ] and (b) schedule capacity, including [ * ] as Aircraft delivery.

5.[ * ].

5.1Customer [ * ] on the Aircraft.

5.2[ * ] of the AGTA and such Articles [ * ].

5.3The [ * ] Exhibit B “Customer Support Document” of the AGTA.

5.4Boeing [ * ] and Article 11 of Part 2 of Exhibit C “Disclaimer and Release; Exclusion of Liabilities” of the AGTA and Article 8.2 “Insurance” of the AGTA [ * ]

 

					
	

ACCEPTED AND AGREED TO this
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
Date:
	
December 27, 2021
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
Atlas Air Worldwide Holdings, Inc.

 
	
 
	
 
	
THE BOEING COMPANY

 

	
By:
	
/s/ John Dietrich
	
 
	
By:
	
[ * ]

	
 
	
 
	
 
	
 

	
Name:
	
John Dietrich
	
 
	
Name:
	
[ * ]

	
 
	
 
	
 
	
 

	
Title:
	
President & Chief Executive Officer
	
 
	
Title:
	
Attorney-In-Fact

 

			
	
AH5-PA-05168-LA-2105751
	
 
	
Page 5

BOEING PROPRIETARYExhibit 10.1

 

Execution Version

 

TRANSACTION
SUPPORT AGREEMENT

 

This
TRANSACTION SUPPORT AGREEMENT, dated as of February 16, 2022 (this “Agreement”), is by and among Concord Acquisition
Corp, a Delaware corporation (“Concord”) and certain of the shareholders of the Company (as defined below) whose names
appear on the signature pages of this Agreement (each, a “Shareholder” and, collectively, the “Shareholders”).

 

WHEREAS,
Concord and the Shareholders are parties to that certain Transaction Support Agreement dated July 7, 2021 (the “Prior Agreement”)
which was entered into in connection with that certain Business Combination Agreement dated July 7, 2021;

 

WHEREAS,
Concord and the Shareholders desire to terminate and supersede the Prior Agreement by entering into this Agreement;

 

WHEREAS,
Concord, Circle Internet Finance Public Limited Company, a public company limited by shares incorporated in Ireland (“Topco”),
Topco (Ireland) Merger Sub, Inc., a Delaware corporation (“Topco Merger Sub”) and Circle Internet Financial Limited,
a private company limited by shares incorporated in Ireland (the “Company”) propose to enter into, simultaneously
herewith, a transaction agreement in the form attached hereto as Exhibit B (the “Transaction Agreement”; capitalized
terms used but not defined in this Agreement shall have the meanings ascribed to them in the Transaction Agreement), which provides for,
among other things, a business combination among Concord, Topco, Topco Merger Sub and the Company; and

 

WHEREAS,
as of the date hereof, each Shareholder owns of record and/or beneficially the number and class of Company Shares as set forth opposite
such Shareholder’s name on Exhibit A hereto (all such Company Shares and any Company Shares of which ownership of record
or the power to vote or dispose is hereafter acquired by the Shareholders prior to the termination of this Agreement being referred to
herein as the “Shares”).

 

NOW,
THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein, and intending to be legally
bound hereby, the parties hereto hereby agree as follows:

 

1. Agreement
to Vote. Subject to the earlier termination of this Agreement in accordance with Section 6, each Shareholder, by this Agreement,
with respect to its Shares, severally and not jointly, hereby agrees to vote (or cause to be voted), at any meeting (including, for the
avoidance of doubt, any general meeting, including the EGM, class meeting and any general and/or class meeting of the Company convened
in accordance with Chapter 1 of Part 9 of the Act to approve the Scheme) of the Shareholders of the Company following the time at which
the Registration Statement/Proxy Statement is declared effective under the Securities Act, and in any action by written consent of the
Shareholders of the Company (which written consent shall be delivered promptly, and in any event within two (2) business days, following
the time at which the Registration Statement/Proxy Statement is declared effective under the Securities Act), all of such Shareholder’s
Shares held by such Shareholder at such time (i) in favor of the approval and adoption of the Transaction Agreement and approval of the
Transactions, including the Scheme of Arrangement, (ii) against any Alternative Transaction and (iii) against any action, agreement or
transaction or proposal that would result in a breach of any covenant, representation or warranty or any other obligation or agreement
of the Company under the Transaction Agreement or that would reasonably be expected to result in the failure of the Transactions from
being consummated. Each Shareholder acknowledges receipt and review of a copy of the Transaction Agreement.

 

     

     

    

 

2. Termination
of Company Shareholder Agreements. Each Shareholder, by this Agreement, with respect to its Shares, severally and not jointly, hereby
agrees to terminate, subject to the occurrence of, and effective immediately prior to, the Scheme Effective Time, (a) that certain Investor
Rights Agreement, dated May 14, 2018, among the Company and the shareholders of the Company named therein (the “Investor Rights
Agreement”), (b) that certain Share Sale Agreement, dated May 14, 2018, among the Company and the shareholders of the Company
named therein (the “Share Sale Agreement”) and (c) that certain Voting Agreement, dated May 14, 2018, by and among
the Company and the shareholders of the Company named therein (the “Voting Agreement” and, together with the Investor
Rights Agreement and the Share Sale Agreement, the “Company Shareholder Agreements”), and (d) if applicable to such
Shareholder, any rights under any other agreement providing for redemption rights, put rights, purchase rights, information rights, rights
to consult with and advise management, inspection rights, preemptive rights, Company Board observer rights or rights to receive information
delivered to the Company Board or other similar rights not generally available to shareholders of the Company between such Shareholder
and the Company, but excluding, for the avoidance of doubt, any rights such Shareholder may have that relate to any commercial or employment
agreements or arrangements between such Shareholder and the Company or any subsidiary, which shall survive in accordance with their terms.

 

3. Transfer
of Shares. Subject to the earlier termination of this Agreement in accordance with Section 6 or the Closing, each Shareholder,
severally and not jointly, agrees that it shall not, directly or indirectly, (x) sell, assign, transfer (including by operation of law),
lien, pledge, dispose of or otherwise encumber any of the Shares or otherwise agree to do any of the foregoing, except for a sale, assignment
or transfer (i) pursuant to the Transaction Agreement, (ii) to another shareholder of the Company that is a party to this Agreement and
bound by the terms and obligations hereof or (iii) in a Permitted Transfer, (y) deposit any Shares into a voting trust or enter into
a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement
or (z) except as otherwise contemplated in the Transaction Agreement, enter into any contract, option or other arrangement or undertaking
with respect to the direct or indirect acquisition or sale, assignment, transfer (including by operation of law) or other disposition
of any Shares. A “Permitted Transfer” shall mean any sale(s), assignment(s) or transfer(s): (a) to an affiliate of
such Shareholder; (b) as a bona fide gift or gifts, or to a charitable organization; (c) to a trust, or other entity formed for estate
planning purposes for the primary benefit of the spouse, domestic partner, parent, sibling, child or grandchild of the undersigned or
any other person with whom the undersigned has a relationship by blood, marriage or adoption not more remote than first cousin; (d) if
the Shareholder is an individual, by will or intestate succession upon the death of such Shareholder; (e) by operation of law, such as
pursuant to a qualified domestic order or the dissolution of marriage or civil union (including, without limitation, a divorce settlement);
(f) if the Shareholder is a corporation, partnership (whether general, limited or otherwise), limited liability company, trust or other
business entity, to another corporation, partnership, limited liability company, trust, syndicate, association or other business entity
that controls, is controlled by or is under common control or management with the undersigned or its affiliates; (g) in a Secondary Sale
Transfer; provided, that in each Permitted Transfer, such transferee shall execute this Agreement or a joinder agreeing to become a party
to this Agreement; and (h) to Circle Internet Trust Company (a private company limited by shares incorporated in Ireland) as trustee
for the benefit of the Shareholder.

 

    2

     

    

 

4. No
Solicitation of Transactions; Waiver of Appraisal Rights.

 

(a) Each
of the Shareholders, severally and not jointly, agrees not to, and shall cause its Representatives not to, directly or indirectly, (i)
initiate, solicit, knowingly facilitate or knowingly encourage (including by way of furnishing non-public information), whether publicly
or otherwise, any inquiries with respect to, or the making of, any Alternative Transaction, (ii) engage in any negotiations or discussions
concerning, or provide access to its properties, books and records or any Confidential Information or data to, any person relating to
an Alternative Transaction, (iii) enter into, engage in and maintain discussions or negotiations with respect to any Alternative Transaction
(or inquiries, proposals or offers or other efforts that could reasonably be expected to lead to any Alternative Transaction) or otherwise
cooperate with or assist or participate in, or knowingly facilitate any such inquiries, proposals, offers, efforts, discussions or negotiations,
(iv) amend or grant any waiver or release under any standstill or similar agreement with respect to any class of equity securities of
the Company, (v) approve, vote in favor for, endorse or recommend, or propose publicly to approve, endorse or recommend, any Alternative
Transaction, (vi) approve, endorse, recommend, execute or enter into any agreement in principle, letter of intent, memorandum of understanding,
term sheet, acquisition agreement, merger agreement, option agreement, joint venture agreement, partnership agreement or other written
arrangement relating to any Alternative Transaction or any proposal or offer that could reasonably be expected to lead to an Alternative
Transaction, or (vii) resolve or agree to do any of the foregoing or otherwise authorize or permit any of its Representatives to take
any such action. On execution of this Agreement, each Shareholder shall, and shall instruct its Representatives to, immediately cease
any solicitations, discussions or negotiations with any person (other than the parties to the Transaction Agreement and their respective
Representatives) in connection with an Alternative Transaction (other than the Transactions). Each Shareholder may only respond to any
unsolicited proposal regarding an Alternative Transaction by indicating that the Company is subject to the Transaction Agreement and
such Shareholder is unable to provide any information related to the Company or entertain any proposals or offers or engage in any negotiations
or discussions concerning an Alternative Transaction for as long as the Transaction Agreement remains in effect.

 

(b) Each
Shareholder hereby agrees not to assert, exercise or perfect, directly or indirectly, and irrevocably and unconditionally waives, any
appraisal rights (including under Section 262 of the DGCL) with respect to the Merger and any rights to dissent with respect to the Merger
or to oppose any reorganization or amendment designed to facilitate drag along rights or otherwise facilitate the Transaction Agreement.
Each Shareholder hereby further agrees that it will take no action which may prevent or unduly delay: (i) the approval of the Scheme
of Arrangement, including at the Irish High Court hearing to sanction the Scheme, or (ii) the effectiveness of the Scheme of Arrangement.

 

5. Representations
and Warranties. Each Shareholder, severally and not jointly, represents and warrants to Concord as follows:

 

(a) The
execution, delivery and performance by such Shareholder of this Agreement and the consummation by such Shareholder of the transactions
contemplated hereby do not and will not (i) conflict with or violate any United States or non-United States statute, law, ordinance,
regulation, rule, code, executive order, injunction, judgment, decree or other order applicable to such Shareholder, (ii) result in the
creation of any encumbrance on any Shares (other than under this Agreement, the Transaction Agreement and the agreements contemplated
by the Transaction Agreement) or (iii) conflict with or result in a breach of or constitute a default under any provision of such Shareholder’s
governing documents or any agreement (including any voting agreement or letter agreement with the Company) to which such Shareholder
is a party.

 

    3

     

    

 

(b) As
of the date of this Agreement, such Shareholder owns exclusively of record and has good and valid title to, and/or owns beneficially,
the Shares set forth opposite such Shareholder’s name on Exhibit A free and clear of any security interest, lien, claim,
pledge, proxy, option, right of first refusal, agreement, voting restriction, limitation on disposition, charge, adverse claim of ownership
or use or other encumbrance of any kind, other than pursuant to (i) this Agreement, (ii) applicable securities laws, (iii) the Company
Organizational Documents and (iv) the Company Shareholder Agreements, and as of the date of this Agreement, such Shareholder has the
sole power (as currently in effect) to vote and right, power and authority to sell, transfer and deliver such Shares, and such Shareholder
does not own, directly or indirectly, any other Shares.

 

(c) Such
Shareholder has the power, authority and capacity to execute, deliver and perform this Agreement and this Agreement has been duly authorized,
executed and delivered by such Shareholder.

 

(d) There
are no outstanding loans or advances from such Shareholder or their respective affiliates to the Company or its subsidiaries or vice
versa.

 

6. Termination.
This Agreement and the obligations of the Shareholders under this Agreement shall automatically terminate upon the earliest of (a) the
Merger Effective Time; (b) the termination of the Transaction Agreement in accordance with its terms, (c) the effective date of a written
agreement of the parties hereto terminating this Agreement, (d) any change to the form of consideration (other than to add additional
consideration) or decrease in the amount of consideration payable in the Transactions and (e) any change to the terms of the Transaction
Agreement or other Transaction Documents that adversely effects, in any respect, or is reasonably likely to adversely effect, in any
respect, any Shareholder party to this Agreement relative to other holders of Equity Interests of the Company. Upon termination of this
Agreement, neither party shall have any further obligations or liabilities under this Agreement; provided that nothing in this Section
6 shall relieve any party of liability for any willful material breach of this Agreement occurring prior to termination. The representations
and warranties contained in this Agreement and in any certificate or other writing delivered pursuant hereto shall not survive the Closing
or the termination of this Agreement.

 

7. Termination
of Prior Agreement. Pursuant to Section 6 of the Prior Agreement, the Prior Agreement may be terminated by the written agreement
of all the parties thereto. Concord and the Shareholders, representing all of the parties to the Prior Agreement, hereby terminate the
Prior Agreement in all respects and acknowledge and agree that this Agreement shall supersede the Prior Agreement.

 

8. Miscellaneous.

 

(a) Except
as otherwise provided herein, all costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby
shall be paid by the party incurring such costs and expenses, whether or not the transactions contemplated hereby are consummated.

 

(b) All
notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed to
have been duly given upon receipt) by delivery in person, by e-mail or by registered or certified mail (postage prepaid, return receipt
requested) to the respective parties at the following addresses or e-mail addresses (or at such other address or email address for a
party as shall be specified in a notice given in accordance with this Section 8(b)):

 

If
to Concord, to it at:

 

Concord
Acquisition Corp

477
Madison Avenue, 22nd Floor

New
York, NY 10022

Attention:
Michele J. Cito

Email:
mcito@atlasmerchantcapital.com

 

    4

     

    

 

with
a copy to:

 

Greenberg
Traurig, P.A.

333
SE 2nd Avenue, Suite 4400

Miami,
FL 33131

Attention:
Alan I. Annex, Esq.

Email:
annexa@gtlaw.com

 

 

If
to Company, to it at:

 

Circle
Internet Financial Limited

332
Congress Street

4th
Floor

Boston,
MA 02210

Attention:
Legal Department

Email:
legal@circle.com

 

with
a copy to:

 

Goodwin
Procter LLP

100
Northern Avenue

Boston,
MA 02210

Attention :
William Schnoor, John Mutkoski and Gregg Katz

Email:
wschnoor@goodwinlaw.com, jmutkoski@goodwinlaw.com and

gkatz@goodwinlaw.com

 

If
to a Shareholder, to the address or email address set forth for Shareholder on the signature page hereof.

 

(c) If
any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law, or public policy,
all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal
substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such determination
that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith
to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in
order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible.

 

(d) This
Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes all prior agreements
and undertakings, both written and oral, among the parties, or any of them, with respect to the subject matter hereof. This Agreement
shall not be assigned (whether pursuant to a merger, by operation of law or otherwise), by any party without the prior express written
consent of the other parties hereto.

 

(e) This
Agreement shall be binding upon and inure solely to the benefit of each party hereto and their respective permitted assigns, and nothing
in this Agreement, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy of any nature
whatsoever under or by reason of this Agreement. No Shareholder shall be liable for the breach by any other Shareholder of this Agreement.

 

(f) This
Agreement may not be amended, modified or supplemented in any manner, whether by course of conduct or otherwise, except by an instrument
in writing signed by (i) Concord and (ii) Shareholders holding a majority of the Company Shares set forth on Exhibit A.

 

    5

     

    

 

(g) The
parties hereto agree that irreparable damage would occur in the event any provision of this Agreement was not performed in accordance
with the terms hereof and that the parties shall be entitled to specific performance of the terms hereof, in addition to any other remedy
at law or in equity.

 

(h) This
Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable to contracts executed
in and to be performed in that State. All Actions arising out of or relating to this Agreement shall be heard and determined exclusively
in any Delaware Chancery Court. The parties hereto hereby (i) submit to the exclusive jurisdiction of the Delaware Chancery Court for
the purpose of any Action arising out of or relating to this Agreement brought by any party hereto, and (ii) irrevocably waive, and agree
not to assert by way of motion, defense, or otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction
of the above-named courts, that its property is exempt or immune from attachment or execution, that the Action is brought in an inconvenient
forum, that the venue of the Action is improper, or that this Agreement or the transactions contemplated hereunder may not be enforced
in or by any of the above-named courts. Notwithstanding the foregoing, the Scheme of Arrangement and matters related thereto shall, to
the extent required by the laws of Ireland, and the interpretation of the duties of the directors of the Company, be governed by and
construed in accordance with the laws of Ireland and the courts of Ireland shall have exclusive jurisdiction to settle any disputes relating
to such matters, and any proceedings, suits or actions arising out of or in connection with such matters shall therefore be brought in
the courts of Ireland.

 

(i) This
Agreement may be executed and delivered (including by facsimile or portable document format (pdf) transmission) in counterparts, and
by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which
taken together shall constitute one and the same agreement.

 

(j) Each
Shareholder hereby consents to and authorizes the Company and Concord to publish and disclose in any announcement or disclosure required
by the SEC and any other applicable securities regulators such Shareholder’s identity and ownership of Shares and the nature of
such Shareholder’s obligations under this Agreement.

 

(k) At
the request of Concord, in the case of any Shareholder, or at the request of the Shareholders, in the case of Concord, and without further
consideration, each party shall execute and deliver or cause to be executed and delivered such additional documents and instruments and
take such further action as may be reasonably necessary to consummate the transactions contemplated by this Agreement.

 

(l) This
Agreement shall not be effective or binding upon any Shareholder until after such time as the Transaction Agreement is executed and delivered
by the Company, Concord, Topco and Topco Merger Sub.

 

(m) Notwithstanding
anything herein to the contrary, each Shareholder signs this Agreement solely in such Shareholder’s capacity as a shareholder of
the Company, and not in any other capacity and this Agreement shall not limit its capacity, if applicable, as an officer or director
of the Company. Notwithstanding anything in this Agreement to the contrary, nothing contained herein shall restrict any Shareholder’s
exercise of fiduciary duties, if owed, to the Company or its shareholders in such Shareholder’s capacity as an officer or director
of the Company.

 

(n) Each
of the parties hereto hereby waives to the fullest extent permitted by applicable law any right it may have to a trial by jury with respect
to any litigation directly or indirectly arising out of, under or in connection with this Agreement. Each of the parties hereto (i) certifies
that no Representative, agent or attorney of any other party has represented, expressly or otherwise, that such other party would not,
in the event of litigation, seek to enforce the foregoing waiver and (ii) acknowledges that it and the other parties hereto have been
induced to enter into this Agreement and the transactions contemplated hereby, as applicable, by, among other things, the mutual waivers
and certifications in this Section 8(n).

 

[Signature
pages follow]

 

    6

     

    

 

IN WITNESS WHEREOF,
the parties have executed this Agreement as of the date first written above.

 

CONCORD ACQUISITION CORP

 

	By:	/s/
Jeff Tuder	 
	Name:  	Jeff Tuder	 
	Title: 	Chief Executive Officer	 

 

[Signature Page to Transaction
Support Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties have
executed this Agreement as of the date first written above.

 

SHAREHOLDERS:

 

ACCEL XI L.P. 

 

	By:	Accel XI Associates L.L.C.	 
	Its General Partner	 

 

	By:	/s/ Tracy Sedlock	 
	Name:	Tracy Sedlock	 
	Title:	Attorney in Fact	 
	Address: 	 	 

 

JEREMY ALLAIRE

 

	By:	 /s/ Jeremy Allaire                 	 
	Name: 	Jeremy Allaire	 
	Title:	 Chairman and CEO	 
	Address: 	  99 High Street, Suite 1701,

 Boston, MA 02110	 

 

 

[Signature Page to Transaction Support Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties have executed
this Agreement as of the date first written above.

 

SHAREHOLDERS:

 

ACCEL INVESTORS 2013 L.L.C.

 

	By:	/s/ Tracy Sedlock	 
	Name:	Tracy Sedlock	 
	Title:	Attorney in Fact	 
	Address: 	 	 

 

[Signature Page to Transaction Support Agreement]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties have executed
this Agreement as of the date first written above.

 

SHAREHOLDERS:

 

ACCEL XI STRATEGIC PARTNERS L.P.

 

	By:	Accel XI Associates L.L.C.	 
	Its General Partner	 

 

	By:	/s/ Tracy Sedlock	 
	Name:	Tracy Sedlock	 
	Title:	Attorney in Fact	 
	Address: 	 	 

 

[Signature Page to Transaction Support Agreement]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties have executed
this Agreement as of the date first written above.

 

STOCKHOLDERS:

 

GENERAL CATALYST GROUP VI, L.P.

 

	By:	General Catalyst Partners VI, L.P.	 
	 	its General Partner	 

 

	By:	General Catalyst GP VI, LLC	 
	 	its General Partner	 

 

	By:	/s/ Chris McCain	 
	Name:	Chris McCain	 
	Title:	Chief Legal Officer	 
	Address: 	20 University Road Suite 450

Cambridge, MA 02138	 

 

[Signature Page to Transaction Support Agreement]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties have
executed this Agreement as of the date first written above.

 

STOCKHOLDERS:

 

FS VENTURE CAPITAL LLC

 

	By:	/s/ Raj Date	 
	Name:	Raj Date	 
	Title:	Managing Partner	 
	Address: 	923 15th Street NW, 5th Floor

Washington, DC 20005	 

 

[Signature Page to Transaction Support Agreement]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties have executed
this Agreement as of the date first written above.

 

STOCKHOLDERS:

 

FENWAY SUMMER VENTURES LP (acting through the managing entity/general
partner Fenway Summer Ventures GP LLC)

 

	By:	/s/ Raj Date	 
	Name:	Raj Date	 
	Title:	Managing Partner	 
	Address: 	923 15th Street NW, 5th Floor

Washington, DC 20005	 

 

[Signature Page to Transaction Support Agreement]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties have executed
this Agreement as of the date first written above.

 

STOCKHOLDERS:

 

BREYER CAPITAL L.L.C.

 

	By:	/s/ Jim Breyer	 
	Name:	Jim Breyer	 
	Title:	Founder/CEO	 
	Address: 	980 W. 16th St.

Austin, TX 78701	 

 

[Signature Page to Transaction Support Agreement]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties have
executed this Agreement as of the date first written above.

 

STOCKHOLDERS:

 

BREYER CHAO CAPITAL LLC

 

	By:	/s/ Jim Breyer	 
	Name:	Jim Breyer	 
	Title:	Founder/CEO	 
	Address: 	
    980 W. 16th St.

    Austin, TX 78701
	 

 

[Signature Page to Transaction Support Agreement]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties have executed
this Agreement as of the date first written above.

 

STOCKHOLDERS:

 

OAK INVESTMENT PARTNERS XIII LIMITED PARTNERSHIP

 

	By:	/s/ Annie Lamont	 
	Name:	Annie Lamont	 
	Title:	Managing Partner	 
	Address: 	 	 

 

[Signature Page to Transaction Support Agreement]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties have executed
this Agreement as of the date first written above.

 

STOCKHOLDERS:

 

PATRICK SEAN NEVILLE

 

	By:	/s/ Patrick Sean Neville	 
	Name:	Patrick Sean Neville	 
	Title:	Director	 
	Address: 	
    45 Hancock St

    Lexington, MA 02420
	 

 

[Signature Page to Transaction Support Agreement]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties have executed
this Agreement as of the date first written above.

 

STOCKHOLDERS:

 

MARTHA MICHELE BURNS

 

	By:	/s/ Martha Michele Burns	 
	Name:	Martha Michele Burns	 
	Title:	Director	 
	Address: 	P.O. Box 2022

Highlands, NC 28741	 

 

[Signature Page to Transaction Support Agreement]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties have executed
this Agreement as of the date first written above.

 

STOCKHOLDERS:

 

WIDE PALACE LIMITED

 

	By:	/s/ Quan Zhou	 
	Name:	Quan Zhou	 
	Title:	Partner	 
	Address: 	105 Lyman Road

Brookline, MA 02467	 

 

[Signature Page to Transaction Support Agreement]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties have executed
this Agreement as of the date first written above.

 

STOCKHOLDERS:

 

CHUANG XI CAPITAL LIMITED

 

	By:	/s/ Quan Zhou	 
	Name:	Quan Zhou	 
	Title:	Partner	 
	Address: 	
    105 Lyman Road

    Brookline, MA 02467
	 

 

[Signature Page to Transaction Support Agreement]

 

     

     

    

 

EXHIBIT B

 

TRANSACTION AGREEMENT

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