Document:

Blueprint

 

Exhibit 4.13

TRADUCCIÓN
PÚBLICA

SWORN
TRANSLATION

 

[Some
pages carry illegible signatures.] 

 

TENTH AGREEMENT FOR THE IMPLEMENTATION OF AMENDMENTS
TO
THE CORPORATE SERVICES MASTER AGREEMENT

 

Agreement
made in the Autonomous City of Buenos Aires on the 29th day of June of 2018
by and between:

 

(i)
CRESUD S.A.C.I.F. y A.,
domiciled at Moreno 877, Piso 23 in the Autonomous City of Buenos
Aires, represented hereat by the undersigned attorneys-in-fact
(hereinafter “CRESUD”) as party of the one
part;

 

(ii)
IRSA Propiedades Comerciales
S.A., domiciled at Moreno 877, Piso 22 in the Autonomous
City of Buenos Aires, represented hereat by the undersigned
attorneys-in-fact (hereinafter “IRSAPC”), as party of
the second part, and

 

(iii)
IRSA Inversiones y Representaciones
Sociedad Anónima, domiciled at Bol’var 108, Piso
1o in the Autonomous City of Buenos Aires and having
established domicile for purposes hereof at Moreno 877, Piso 22 in
the Autonomous City of Buenos Aires, represented hereat by the
undersigned attorneys-in-fact, as party of the third part
(hereinafter “IRSA” and collectively with CRESUD and
IRSAPC designated as “THE PARTIES”).

 

WHEREAS: 

 

(i) On
June 30, 2004 THE PARTIES executed a Master Agreement for the
Exchange of Corporate Services (hereinafter “the Master
Agreement”);

 

(ii) On
August 23, 2007 THE PARTIES executed the First Agreement for the
Implementation of Amendments to the Corporate Services Master
Agreement (hereinafter the “First Agreement”), whereby
certain amendments were introduced to the Areas of Exchange of
Corporate Services and the Cost Distribution Bases, and new
Individually Responsible Persons were appointed;

 

(iii)
On August 14, 2008 and November 27, 2009, THE PARTIES executed the
Second Agreement for the Implementation of Amendments to the
Corporate Services Master Agreement (hereinafter the "Second
Agreement”) and the Third Agreement for the Implementation of
Amendments to the Corporate Services Master Agreement (hereinafter
the “Third Agreement”), respectively, whereby new
amendments were introduced to the Areas of Exchange of Corporate
Services and the Cost Distribution Bases;

 

(iv) On
March 12, 2010, THE PARTIES executed an Addendum to the Master
Agreement for the Exchange of Corporate Services (hereinafter the
“Addendum”) whereby THE PARTIES agree to unify in
CRESUD the services of the Areas of Exchange of Corporate Services,
to the effect of which the employment agreements of most of the
employees of such areas were transferred and the procedure to
allocate the costs of potential labor expenses arising from
retirement of employees was established;

 

(v) On
July 11, 2011, THE PARTIES executed the Fourth Agreement for the
Implementation of Amendments to the Corporate Services Master
Agreement (hereinafter the "Fourth Agreement”), on October
15, 2012, THE PARTIES executed the Fifth Agreement for the
Implementation of Amendments to the Corporate Services Master
Agreement (hereinafter the "Fifth Agreement"), on November 12,
2013, THE PARTIES executed the Sixth Agreement for the
Implementation of Amendments to the Corporate Services Master
Agreement (hereinafter the “Sixth Agreement”) and on
February 18, 2015, THE PARTIES executed the Seventh Agreement for
the Implementation of Amendments to the Corporate Services Master
Agreement (hereinafter the “Seventh Agreement” and
together with the First Agreement, the Second Agreement, the Third
Agreement, the Fourth Agreement, the Fifth Agreement and the Sixth
Agreement, the “Agreements”), whereby new amendments
were introduced to the Areas of Exchange of Corporate Services and
the Cost Distribution Bases;

 

(vi)
Pursuant to the structuring process of a new organizational model
of division of areas by business, an agreement was reached to
transfer to IRSA and/or IRSAPC the employment agreements of those
employees who render services related to the Technical,
Infrastructure and Services, Purchases, Architecture and Design and
Works Development Area, Real Estate Business Management, Real
Estate Business Human Resources, Safety and Real Estate Areas, all
of them related to the real estate business. On February 24, 2014
THE PARTIES executed a Second Addendum to the Master Agreement for
the Exchange of Corporate Services (hereinafter the “Second
Addendum”) whereby the mechanisms to be used for the
allocation of the costs of potential labor expenses that such
process would involve were established.

 

(vii)
On November 12, 2015, THE PARTIES executed the Eighth Agreement for
the Implementation of Amendments to the Corporate Services Master
Agreement (hereinafter the “Eighth
Agreement”)

 

(vii)
On May 5, 2017, THE PARTIES executed the Ninth Agreement for the
Implementation of Amendments to the Corporate Services Master
Agreement (hereinafter the “Ninth
Agreement”).

 

(viii)
THE PARTIES have been performing the Master Agreement based on an
Implementation Manual originally drafted by Deloitte & Co.
S.R.L., (hereinafter “Deloitte”), updated in due
time;

 

(ix) In
accordance with the recommendations made by Deloitte on its
semi-annual reports, new operational changes have been implemented
in the Areas of Exchange of Corporate Services and the Cost
Distribution Bases starting in July 2017, which THE PARTIES wish to
acknowledge in writing;

 

(x) THE
PARTIES have disclosed the content of the TENTH AGREEMENT FOR THE IMPLEMENTATION OF
AMENDMENTS TO THE CORPORATE SERVICES MASTER AGREEMENT
(hereinafter the “Tenth Agreement”) to their respective
Audit Committees; and

 

(xi)
The Boards of Directors of IRSAPC, CRESUD and IRSA approved the
Tenth Agreement at their respective meetings held on June 29,
2018;

 

NOW IN CONSIDERATION OF THE FOREGOING, THE PARTIES hereby
agree to execute this Tenth Agreement subject to the following
terms and conditions:

 

ONE: THE PARTIES ratify that the Areas (as defined in the
Master Agreement) and the calculation method applicable to the
Exchange of Operational Services (also as defined in the Master
Agreement) have been changed as from the dates listed below,
amending therefore Exhibits I and II, as amended by the Agreements,
to the Master Agreement as per the following detail:

 

(i)
Starting in July 2017, the Legal Affairs-Corporate area
incorporated to it the Insurance Sector. As a consequence, Exhibit
I and Exhibit II were modified to reflect these
changes.

 

(ii)
Starting in July 2017, the Finance area was renamed to
“Administration and Finance” and incorporated to it the
Corporate Accounting and Reporting Sector and the Corporate Taxes
Sector. As a consequence, Exhibit I and Exhibit II were modified to
reflect these changes.

 

(iii)
Starting in September 2017, the Compliance area incorporated to it
the Internal Audit Sector. As a consequence, Exhibit I and Exhibit
II were modified to reflect these changes.

 

(iv)
Starting in July 2017, the Board of Directors to be distributed
sector was renamed to “Bol’var”. As a
consequence, Exhibit I and Exhibit II were modified to reflect
these changes.

 

(v)
Starting in January 2018, the Real Estate area was renamed to
“Investments” and incorporated to it the Architecture
and Design and Works Development Sector. As a consequence, Exhibit
I and Exhibit II were modified in a manner such that as from those
dates, the areas would be as described in the new Exhibit I and
Exhibit II.

 

(vi)
Starting in January 2018, the Technical, Infrastructure and
Services, Architecture and Design and Works Development area was
renamed to “Technical, Infrastructure and Services”. As
a consequence, Exhibit I and Exhibit II were modified in a manner
such that as from those dates, the areas would be as described in
the new Exhibit I and Exhibit II.

 

(vii)
Starting in April 2018, the SOX Regulation area was renamed to
“Internal Control”. As a consequence, Exhibit I and
Exhibit II were modified to reflect these changes.

 

(viii)
Starting in May 2018, the Audit Committee sector was renamed to
“Corporate Governance”, which comprises the Compliance
area. As a consequence, Exhibit I and Exhibit II were modified to
reflect these changes.

 

In
consideration of the foregoing, the PARTIES hereby put on record
that, subject to the clarifications detailed in the preceding
clauses and for purposes of updating Exhibits I and II, they shall
be read as hereto attached for the periods and as from the dates
indicated.

 

TWO: THE PARTIES agree that the costs related to the
employees acting in the new Areas included pursuant to this Tenth
Agreement, shall be governed in accordance with the terms and
conditions set forth in the Master Agreement, the Addendum and the
Second Addendum.

 

THREE: THE PARTIES represent that all the sections of the
Master Agreement, the Agreements, the Addendum and the Second
Addendum that have not been amended pursuant to this Tenth
Agreement continue to be fully in force.

 

In
witness whereof, this Agreement is executed in three (3) copies of
the same tenor and to a single effect in the place and on the date
first written.

 

 

CRESUD S.A.C.I.F.y A. 

 

[Illegible
signature] [Seal:] Ag. Eng. Alejandro G. Casaretto –
Attorney-in-fact / [Illegible signature]

Attorneys-in-fact 

 

IRSA Inversiones y Representaciones Sociedad
Anónima 

 

[Illegible
signature] [Seal:] Fernando A. Elsztain / [Illegible
signature]

Attorneys-in-fact 

 

IRSA Propiedades Comerciales S.A. 

 

[Illegible
signature] [Illegible seal] / [Illegible signature] [Seal:]
Ezequiel Sawicke – Attorney-in-fact

Attorneys-in-fact 

 

 

 

 

 

Exhibit I

 

Description of Corporate Services Exchange
Areas

 

Corporate Human Resources 

 

The Human Resources sector renders to THE PARTIES the service
consisting in Human Resources Administration; Human Resources
Management, and Organizational Culture Management. Within the main
activities of the sector we may mention labor relationships,
selection of managerial positions, leadership training and
interpersonal skills, remunerations and benefits, internal
communications, etc.

 

Administration and Finance 

 

The Administration and Finance sector renders to THE PARTIES the
service consisting in Investor Relations, Capital Markets,
Financial Risk and Management of Financial
Transactions.

 

In addition, it renders to THE PARTIES the service consisting in
planning and defining the companies’ fiscal
policies and the service consisting
in consolidating the financial statements of IRSA Inversiones y
Representaciones S.A. and in defining the companies’
accounting policies.

 

Planning 

 

The Planning area is responsible for medium- and long-term
planning, for aligning THE PARTIES’ objectives and individual
goals, for coordinating THE PARTIES’ investment analysis,
controlling corporate management, expenditure budgeting control and
the Shared Services Center and for coordinating all the management
information flowing through the businesses and submitted to the
respective Boards of Directors.

 

Institutional Relations 

 

The Institutional Relations sector renders to THE PARTIES the
service consisting in the development and control of advertising,
broadcasting actions, relations with the media, preparation of
articles, brochures and related activities.

 

Compliance 

 

The Compliance sector is responsible for information security and
Internal Control, controlling the proper management of the
different processes that constitute the administrative and
accounting system and participating in their continuous
improvement. In addition, it is in charge of verifying compliance
with controls defined in the processes as well as with the
regulations, principles and procedures that govern the governing
bodies of the Parties. As regards the Audit Committee, it provides
support and assistance for the compliance with its
duties.

 

Shared Services Center 

 

The Shared Services Center provides THE PARTIES with all the
transactional and operational services associated to income and
expense management, to the services inherent in managing human
resources benefits and payroll processing, in commercial contract
management, in errand running services and in general services. And
it is equally responsible for managing, maintaining and providing
support to systems, technology and processes and the
companies’ tax calculation processes.

 

Safety 

 

The Safety sector renders to THE PARTIES the surveillance
service. 

 

Legal Affairs - Corporate 

 

The Legal Affairs - Corporate sector renders to THE PARTIES the
service consisting in aid to the preparation, analysis and response
to legal briefs, agreements, official letters, etc. In addition, it
renders to THE PARTIES the service consisting in managing their
assets’ coverage by negotiating, acquiring and monitoring
insurance policies, dealing with claims in terms of coverage,
collection, etc.

 

Technical, Infrastructure and Services 

 

The Technical, Infrastructure and Services sector renders to THE
PARTIES the services consisting in operation, maintenance and
preservation of real estate assets and land reserves of the
Companies.

 

Purchases and Hirings 

 

The Purchases and Hirings sector renders to THE PARTIES the
services consisting in procuring the most appropriate goods and/or
service for the purpose for which they will be used. Quality, costs
and terms of delivery are essential when taking the decision to
hire. In addition, this sector deals with the necessary means to
obtain appropriate funding of the purchases from
suppliers.

 

Proceedings and Permits 

 

The Proceedings and Permits sector renders to IRSA and IRSA PC the
service consisting in management of national and municipal permits
and licenses before the controlling entities.

 

Corporate Environment 

 

The Corporate Environment Sector assesses the environmental impact
of projects and activities in order to define preventive and
corrective actions. This sector seeks to minimize potential
impacts, following the working methodology set forth in an
Environmental Management System. This area also manages the
environmental records that are required by operation of
law.

 

Investments 

 

The Investments sector renders to IRSA and IRSA PC the services
consisting in sales and acquisitions of real estate. In addition,
it renders to such companies, services consisting in real estate
business’ office commercial management and Architecture and
Design, and Works Development.

 

Governmental Affairs 

 

The Governmental Affairs sector takes part in the businesses of
IRSA and IRSA PC arising from governmental grants (exploitation
concessions and private initiatives).

 

Hotels 

 

The Hotels sector renders to IRSA the services consisting in the
integration of the different areas of hotels along with their
business relations. It carries out activities to optimize and
control hotels’ management and organization.

 

Bolívar 

 

Bol’var includes the employees performing activities of
support and assistance to the Parties’ Board of
Directors.

 

Real Estate Business Board of Directors to be
Distributed 

 

The Real Estate Business Board of Directors to be Distributed
sector includes the employees performing activities of support and
assistance to the Board of Directors of IRSA and
IRSAPC.

 

Attorneys-in-Fact 

 

The Attorneys-in-Fact sector groups the employees who perform
activities consisting in representing THE PARTIES before different
governmental agencies.

 

General Management Department to be Distributed 

 

The General Management Department to be Distributed sector includes
employees performing activities of support and assistance to the
Parties’ General Management Departments.

 

Board of Directors’ Safety 

 

The Board of Directors’ Safety sector renders to the Parties
the service consisting in comprehensive safety for the main
officers acting in their Board of Directors.

 

Real Estate Business Management 

 

The Real Estate Business Management sector renders the following
services to IRSA and IRSAPC: budget and management control,
accounting and reporting, analysis of new businesses, IT support to
shopping centers, marketing and leadership agreements for the
business legal aspects.

 

Real Estate Business HHRR 

 

The Real Estate Business HHRR sector renders to IRSA and IRSAPC the
service consisting in Human Resource Administration; Human Resource
Management; Workplace Safety, Hygiene and Environment;
Organizational Culture Management and Project Management. The main
sector activities include, among others: personnel management,
recruitment and training, compensation and benefits, internal
communication, etc.

 

Fraud Prevention 

 

The Fraud Prevention sector renders to THE PARTIES corporate Fraud
Prevention services.

 

 

 

 

 

Exhibit II

Cost Distribution Bases

 

	

Corporate
Departments

 

	

Department

 

	

Division
/ Subdivision

 

	

Distribution
Method

 

	

Corporate Human Resources

 

	

Human
Resources Management

 

	
 

	

By
headcount (non-corporate personnel) and weighting the percentages
of other areas (corporate personnel).

 

	
 

	

Culture
Management

 

	
 

	
 

	

Administration
and Labor Relations

 

	
 

	

Administration and Finance

	

Finance
Department

	
 

	

The
percentages of all the sectors making up the area are
weighted.

	

Capital
Markets

	
 

	

Capital Markets: Amount of financial transactions conducted
in the period weighted at 70% and the remaining 30% corresponds to
updates of offering memoranda and “horizontal” works
(20F, annual reports, Press Release, etc.)

	

Relations
with Investors

	
 

	

Investors Relations: Number of business highlights during
the semester, number of earnings releases, number of meetings with
investors (current or potential) to discuss the companies’
business and strategy, number of active coverages, number of
earnings release conferences, the complexity of the website of each
company, number of material events published in the Argentine
Securities Commission and the US Securities and Exchange
Commission, and number of Roadshows (Deal or Non-Deal). All items involved are weighted in equal
parts. 

 

	

Financial
Risk

	
 

	

Financial Risk: Time invested in the duties
performed.

 

	

Financial
Administration

	
 

	

Financial Administration: Total assets weighted at 40% and
total liabilities weighted at 60%. The resulting percentage shall
be weighted at 80% over the total. The remaining 20% will
correspond to the percentage that each company consummates over the
total inquiries for special transactions.

 

 

 

 

	

Corporate
Departments

 

	

Department

 

	

Division
/ Subdivision

 

	

Distribution
Method

 

	
 

	

Corporate
Tax

	
 

	

Salaries
are weighted by position and by tasks performed (by company and in
equal parts)

	
 

	

Corporate
Accounting and Reporting

	
 

	

Tasks
performed and time invested in each.

	

Planning

 

	

Planning
Department

 

	
 

	

Each
one of the sectors making up the area is weighted.

 

	

Corporate
Budget and Management Control

 

	
 

	

Overhead
expenses for the previous half year are pro-rated.

 

	

Strategic
Analysis

 

	
 

	

Tasks
performed and the time spent in each.

 

	

Institutional Relations

 

	
 

	
 

	

Tasks
performed and the time spent in each.

 

	

Compliance

 

	

Compliance
Department

 

	
 

	

Each
one of the sectors making up the Area is weighted.

 

	

Internal
Audit

 

	
 

	

Time
estimated/projected in the annual plan.

 

	

Information
security

 

	
 

	

Time
spent in each task is weighted

 

	

Internal
Control

 

	
 

	

Distribution
of key control % per front / company

 

	

Corporate
Governance

 

	
 

	

Weighting
of tasks performed.

 

	

Shared Services Center (CSC)

 

 

 

 

	

CSC Department

 

	
 

	

The
percentage corresponding to each sector falling within the scope of
the CSC area is weighted on the basis of the impact exerted by the
relevant sector’s projected salaries on the total salaries of
the CSC.

 

	

Revenues
Administration

 

	
 

	

Number
of Revenue Transactions performed for each Company + Direct
Allocation of Resources

 

	

Expenses
Administration

 

	
 

	

Number
of Expense Transactions performed for each Company + Direct
Allocation of Resources

 

	

Customer
Administration

 

	
 

	

Direct
Allocation of Resources

 

	

Collections
Administration

 

	
 

	

Direct
Allocation of Resources

 

	

Treasury
Administration

 

	
 

	

Number
of Treasury Transactions performed by each Company.

 

	

Own
Account Administration

 

	
 

	

Number
of Transactions performed by each Company.

 

	

Technology

 

	
 

	

Weighting
of time spent in each task (related to the services).

 

	

IT
Services

 

	
 

	

Number
of CASTI incidents processed for each Company.

 

	

Master
Data

 

	
 

	

Number
of Transactions processed by each Company.

 

	

Systems
and Applications

 

	
 

	

Hours
devoted to each task.

 

	

Project
Systems

 

	
 

	

Hours
devoted to each task.

 

	

Commercial
Transactions

 

	
 

	

Hours
devoted to each task.

 

	

Data
Management

 

	
 

	

Hours
devoted to each task.

 

	

Process
Quality

 

	
 

	

Weighting
of time spent in each task.

 

	

CSC
Human Resources

 

	
 

	

50%
weighting of % of CSC sectors; 50% weighting of Corporate
sectors.

 

	

Errand
Running Service

 

	
 

	

Number
of errands run.

 

	

Back
office

 

	
 

	

Hours
spent in each task.

 

	

General
Services

 

	
 

	

Hours
spent in each task.

 

	

Administrative
operations

 

	
 

	

The
percentage of each sector served is weighted.

 

	

Services
Control

 

	
 

	

Number
of documents controlled by company

 

	

CSC
Taxes

 

	
 

	

Salaries
are weighted by position and by tasks performed (by company and in
equal parts)

 

	

Real Estate Business Management

 

 

 

 

	

Real
Estate Business Department

 

	
 

	

Each of
the Departments comprising the Area is weighted. It does not render
services to Cresud.

 

	

Real
Estate Business Analysis

 

	
 

	

Hours
devoted to reviewed projects as applicable to IRSA PC or
IRSA.

 

	

Real
Estate Legal Affairs

 

	
 

	

Weighting
of hours and salaries.

 

	

Real
Estate Budget and Management Control

 

	
 

	

Actual
revenues per company.

 

	

Real
Estate Business Accounting and Reporting

 

	
 

	

Number
of Real Estate Business accounting vouchers.

 

	
 

	

Real
Estate Business IT Services

 

	
 

	

100%
IRSA PC

 

	

Real Estate Business Board of Directors to be
Distributed

 

	
 

	
 

	

Proportional
between IRSA and IRSAPC. Excludes Cresud.

 

	

Real Estate Business HHRR

 

	
 

	
 

	

By
payroll

 

	

Safety

 

	
 

	
 

	

Per
hour

 

	

Legal Affairs - Corporate

 

	
 

	
 

	

Weighted
between number of minutes analyzed and premium amount of the annual
insurance program.

 

 

 

 

 

	

Corporate
Departments

 

	

Department

 

	

Division
/ Subdivision

 

	

Distribution
Method

 

	

Corporate Environment and Quality

 

	
 

	
 

	

Tasks
performed and time devoted to them.

 

	

Technical, Infrastructure and Services

 

	

Technical,
Infrastructure and Services

(IRSAPC
– IRSA: Weighted average from the Departments reporting to it
less the percentage allocated to CRESUD. CRESUD: a percentage is
calculated based on the hours spent in the tasks
performed/planned)

 

	

Technical,
Infrastructure and Services Department

 

	

An
average is calculated of the departments reporting to
it

 

	

Planning
and Control

 

	

By
allocation of resources

 

	

Logistics

 

	

Weighted
between directly assigned personnel and centralized personnel
distributed per square meter of the real property (IRSA and IRSAPC)
and time spent in tasks (CRESUD).

 

	

Distributed
Operations

 

 

 

	

Square
meters of real property held, operated and to which maintenance
services are provided (IRSA and IRSAPC) and time spent in tasks
(CRESUD).

 

	

Third
parties' services

 

	

Distribution
of resource allocation.

 

	

Traveling
Personnel

 

	

Maintenance
hours (IRSA and IRSAPC) and time spent in tasks
(CRESUD).

 

	

Engineering
and Maintenance

 

	

Square
meters of real property held, to which maintenance, engineering and
other services are provided (IRSA and IRSAPC) and time spent in
tasks (CRESUD).

 

	

Buildings
Personnel To be distributed

 

	
 

	

By
number of buildings in each company.

 

	

Purchases and Hirings

 

	
 

	
 

	

Purchase
orders through a weighting of their volume and amount.

 

	

Proceedings and Permits

 

	
 

	
 

	

Tasks
performed and time spent in each

 

	

Investments

 

	

Real Estate

 

	
 

	

By
total book value of the properties in each company.

 

	

Rentals – Offices

 

	
 

	

By
total book value of the properties in each company

 

	

Architecture and Design and Works Development

 

	

Architecture
and design

 

	

IRSA/IRSAPC:
Personnel distributed per surface area and number of
stores.

 

	

Works
development

 

	

Tasks
performed and time spent in each.

 

	

Governmental Affairs

 

	
 

	
 

	

Weighting
of allocated projects.

 

	

Hotels

 

	
 

	
 

	

100%
IRSA.

 

	

Fraud Prevention

 

	
 

	
 

	

Proportional
among the three companies.

 

	

Bolívar

 

	
 

	
 

	

Proportional
among the three companies.

 

	

Attorneys-in-fact

 

	
 

	
 

	

Proportional
among the three companies.

 

	

Audit Committee

 

	
 

	
 

	

Weighting
of tasks performed.

 

	

Board of Directors’ Safety

 

	
 

	
 

	

Proportional
among the three companies.

 

 

THIS DOCUMENT IS A TRUE AND
ACCURATE TRANSLATION into English of the document in Spanish
I have had before me in Buenos Aires, on this 17th day of September,
2018.

[For authentication purposes
only:]                                                                                                                              

ES TRADUCCIÓN FIEL al
inglés del documento adjunto redactado en español que he
tenido ante m’ y al cual me remito en Buenos Aires, a los 17
d’as de septiembre de 2018.EX-10.1

 Exhibit 10.1 

THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING SECURITIES THAT HAVE 

BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 

THE BOEING COMPANY 

SUPPLEMENTAL SAVINGS PLAN 

Effective January 1, 2019 
  

 TABLE OF CONTENTS 

 

							
	 ARTICLE I Introduction
	  	 	1	 
	 ARTICLE II Definitions
	  	 	2	 
	 2.1
	 	Account	  	 	2	 
	 2.2
	 	Affiliate or Subsidiary	  	 	2	 
	 2.3
	 	Authorized Period of Absence	  	 	2	 
	 2.4
	 	Base Salary Rate	  	 	2	 
	 2.5
	 	Beneficiary	  	 	2	 
	 2.6
	 	Code	  	 	2	 
	 2.7
	 	Committee	  	 	2	 
	 2.8
	 	Company	  	 	3	 
	 2.9
	 	Company Matching Contribution	  	 	3	 
	 2.10
	 	Compensation	  	 	3	 
	 2.11
	 	Controlled Group	  	 	3	 
	 2.12
	 	Deferral Contribution	  	 	3	 
	 2.13
	 	Deferral Election	  	 	3	 
	 2.14
	 	Earnings Credits	  	 	3	 
	 2.15
	 	Eligible Employee	  	 	3	 
	 2.16
	 	Employee	  	 	4	 
	 2.17
	 	Legacy SBP	  	 	4	 
	 2.18
	 	Participant	  	 	4	 
	 2.19
	 	Plan	  	 	4	 
	 2.20
	 	Plan Year	  	 	4	 
	 2.21
	 	Restoration Benefit	  	 	4	 
	 2.22
	 	SSP+ Company Contribution	  	 	4	 
	 2.23
	 	Separation from Service	  	 	4	 
	 2.24
	 	Specified Employee	  	 	5	 
	 2.25
	 	Unforeseeable Emergency	  	 	5	 
	 2.26
	 	VIP	  	 	5	 
	 ARTICLE III Eligibility and Benefits
	  	 	6	 
	 3.1
	 	Plan Eligibility	  	 	6	 
	 3.2
	 	Plan Participation	  	 	7	 
	 3.3
	 	Deferral Elections	  	 	7	 
	 3.4
	 	Deferral Contributions	  	 	8	 
	 3.5
	 	Company Matching Contributions	  	 	8	 
	 3.6
	 	SSP+ Company Contributions	  	 	9	 
	 3.7
	 	Vesting	  	 	9	 
	 3.8
	 	Cancellation of Deferral Election Due to Unforeseeable Emergency	  	 	9	 
	 ARTICLE IV Distributions
	  	 	10	 
	 4.1
	 	Form and Timing of Distribution	  	 	10	 
	 4.2
	 	Death Benefits	  	 	13	 
	 4.3
	 	Rehires and Authorized Periods of Absence/Reduced Level of Services	  	 	13	 
	 ARTICLE V Accounts
	  	 	16	 
	 5.1
	 	Participant Accounts	  	 	16	 
	 5.2
	 	Earnings Credits	  	 	16	 
	 5.3
	 	Investment Election Changes and Restrictions	  	 	18	 

  
 i 

							
	 5.4
	 	Missing Participants and Improper Credits	  	 	18	 
	 ARTICLE VI Administration
	  	 	19	 
	 6.1
	 	Plan Administration	  	 	19	 
	 6.2
	 	Claims Procedure	  	 	19	 
	 ARTICLE VII Amendment and Termination
	  	 	20	 
	 ARTICLE VIII Miscellaneous
	  	 	21	 
	 8.1
	 	No Employment Rights	  	 	21	 
	 8.2
	 	Anti-Assignment	  	 	21	 
	 8.3
	 	Unfunded Status of Plan	  	 	21	 
	 8.4
	 	Delays or Acceleration in Payment	  	 	21	 
	 8.5
	 	Involuntary Inclusion in Income	  	 	21	 
	 8.6
	 	Compliance with Code Section 409A	  	 	22	 
	 8.7
	 	Construction	  	 	22	 
	 8.8
	 	Legal Action	  	 	22	 
	 8.9
	 	Tax Withholding	  	 	22	 

 APPENDIX A List of Excluded Employers 

APPENDIX B List of Participating Unions 

  
 ii 

 ARTICLE I 

Introduction 
 The Boeing Company
Supplemental Savings Plan (Plan) is established effective January 1, 2019, by The Boeing Company. The first enrollment period with respect to the Plan will take place in late 2018. 

This Plan will accept a one-time transfer of accounts from the Legacy SBP to this Plan effective January 1, 2019,
with respect to the following individuals: (A) each Employee who is an Eligible Employee on January 1, 2019, and was a participant in the Restoration Benefit of the Legacy SBP prior to 2019; and (B) each other current or former
Employee who is not and has never been on the E-Series Payroll (as such term was defined in the Legacy SBP), such that the Employee’s benefit under the Legacy SBP is limited to the Restoration Benefit
under such plan. 
 The purpose of the Plan is to restore the benefits of certain employees under The Boeing Company Voluntary Investment Plan, to the
extent that these qualified plan benefits are limited by Code section 415. The Plan is a nonqualified deferred compensation plan subject to Code section 409A. 

The Plan is intended to be an excess benefit plan as defined in section 3(36) of the Employee Retirement Income Security Act of 1974, as amended (ERISA).

  
 1 

 ARTICLE II 

Definitions 
  

	2.1	 Account 

“Account” means the recordkeeping account established for each Participant, for purposes of accounting for his or her Deferral
Contributions, Company Matching Contributions, and SSP+ Company Contributions and the Earnings Credits thereon. 
 A Participant’s
Account also will reflect any amounts transferred from other excess benefit plans, including the Legacy SBP. See Section 5.1 for additional details. 
  

	2.2	 Affiliate or Subsidiary 

“Affiliate” or “Subsidiary” means a member of a controlled group of corporations (as defined in Code section 1563(a),
determined without regard to Code sections 1563(a)(4) and (e)(3)(c)), a group of trades or businesses (whether incorporated or not) which are under common control within the meaning of Code section 414(c), or an affiliated service group (as defined
in Code sections 414(m) or 414(o)), in each case of which The Boeing Company is a part. 
  

	2.3	 Authorized Period of Absence 

“Authorized Period of Absence” means a leave of absence approved by the Company. 

 

	2.4	 Base Salary Rate 

“Base Salary Rate” means an Employee’s annual base rate of pay from the Company. 

 

	2.5	 Beneficiary 

“Beneficiary” means the person or persons designated by a Participant under the VIP to receive any benefit payable from the VIP upon
the death of the Participant. If no designation is filed under the VIP, or if the designated beneficiary does not survive the Participant, the default beneficiary rules stated in the VIP will apply to determine the Beneficiary under the Plan. 

 

	2.6	 Code 

“Code” means the Internal Revenue Code of 1986, as amended. 

 

	2.7	 Committee 

“Committee” means the Employee Benefit Plans Committee of The Boeing Company. 

  
 2 

	2.8	 Company 

“Company” means The Boeing Company, its successors in interest, and any Affiliate or Subsidiary that has adopted this Plan with the
consent of The Boeing Company. An Affiliate or Subsidiary is deemed to have adopted this Plan if the Affiliate or Subsidiary (a) participates in the VIP and (b) is not an excluded employer for purposes of this Plan. A list of excluded
employers, as updated from time to time, is attached hereto as Appendix A. 
  

	2.9	 Company Matching Contribution 

“Company Matching Contribution” means the amount credited to a Participant’s Account under Section 3.5. 

 

	2.10	 Compensation 

“Compensation” means a Participant’s Compensation as defined under the VIP, subject to the limitation on Compensation under Code
section 401(a)(17). In no event will Compensation include Lump Sum Award Payments, as defined in the VIP, nor payments under any incentive compensation plan or performance award plan, without regard to whether they are included in compensation under
the VIP. Notwithstanding anything herein to the contrary, Compensation does not include amounts earned while an Employee is represented by a union with a collective bargaining agreement covering such Employee that does not provide for participation
in the Plan. 
  

	2.11	 Controlled Group 

“Controlled Group” means the Company and any Affiliate or Subsidiary. 

 

	2.12	 Deferral Contribution 

“Deferral Contribution” means the portion of a Participant’s Compensation, if any, that he or she elects to defer on a pre-tax basis under this Plan in accordance with Sections 3.3 and 3.4. 
  

	2.13	 Deferral Election 

“Deferral Election” means the election made by an Eligible Employee to defer a portion of his or her Compensation under this Plan in
accordance with Section 3.3. 
  

	2.14	 Earnings Credits 

“Earnings Credits” means the adjustment to a Participant’s Account under Section 5.2, which may be positive or negative.

  

	2.15	 Eligible Employee 

“Eligible Employee” means, with respect to any Plan Year, an Employee who has satisfied the requirements of Section 3.1.
Notwithstanding the foregoing, an Employee shall not be considered an Eligible Employee hereunder if the Committee has excluded his or her employer from participation in the Plan. A list of excluded employers, as updated from time to time, is
attached hereto as Appendix A. 

  
 3 

	2.16	 Employee 

“Employee” means any person who is employed as a common law employee by any member of the Controlled Group. 

 

	2.17	 Legacy SBP 

“Legacy SBP” means the Supplemental Benefit Plan for Employees of The Boeing Company as in effect prior to January 1, 2019. 

 

	2.18	 Participant 

“Participant” means (i) an Eligible Employee who has elected to defer Compensation or who is eligible to receive SSP+ Company
Contributions in accordance with Article III, or (ii) for purposes of Articles IV through VIII only, an Employee or former Employee who has amounts credited to his or her Account. 

 

	2.19	 Plan 

“Plan” means The Boeing Company Supplemental Savings Plan as herein set forth, together with any amendments that may be adopted from
time to time. 
  

	2.20	 Plan Year 

“Plan Year” means the calendar year. 
  

	2.21	 Restoration Benefit 

“Restoration Benefit” means the benefit provided under Article III, comprised of Deferral Contributions, Company Matching
Contributions and SSP+ Company Contributions, as applicable, and Earnings Credits thereon. 
  

	2.22	 SSP+ Company Contribution 

“SSP+ Company Contribution” means the benefit provided under Section 3.6. 

 

	2.23	 Separation from Service 

“Separation from Service” or “Separates from Service” means an Employee’s death, retirement or termination of
employment from the Controlled Group within the meaning of Code section 409A. For purposes of determining whether a Separation from Service has occurred, Affiliates and Subsidiaries are defined by using the language “at least 80
percent” to define the controlled group under Code section 1563(a) in lieu of the 50 percent default rule stated in Treasury Regulation section 1.409A-1(h)(3). 

A Separation from Service is deemed to include a reasonably anticipated permanent reduction in the level of services performed by an Employee
to less than 50 percent of the average level of services performed by the Employee during the immediately preceding 36-month period. 

  
 4 

	2.24	 Specified Employee 

“Specified Employee” means an Employee who is a “specified employee” within the meaning of Code section 409A.
Specified Employee status is determined on the last day of the prior Plan Year, to take effect as of April 1 of the Plan Year for a 12-month period. Notwithstanding the foregoing, Specified Employees
shall be determined by including the employees who are reasonably determined to be the 75 top-paid officers of the Controlled Group as of the determination date, rather than the 50 top-paid officers as provided under Code section 416(i)(1)(A), to the extent permitted under Code section 409A. 
  

	2.25	 Unforeseeable Emergency 

“Unforeseeable Emergency” means “unforeseeable emergency” within the meaning of Code section 409A, as determined by
the Committee. 
  

	2.26	 VIP 

“VIP” means The Boeing Company Voluntary Investment Plan, as amended. 

  
 5 

 ARTICLE III 

Eligibility and Benefits 
  

	3.1	 Plan Eligibility 

An Employee is eligible to make a Deferral Election for a Plan Year if he or she satisfies each of the conditions described in (A) - (D) below:

  

	 	(A)	 The Employee is eligible to participate in the VIP during such Plan Year. 

 

	 	(B)	 The Employee is not eligible to participate in The Boeing Company Executive Supplemental Savings Plan for the
Plan Year. 

  

	 	(C)	 The Employee is, during the Plan Year, an Employee who is either (i) not covered by a collective
bargaining agreement or (ii) is represented by a union with a collective bargaining agreement covering such Employee that specifically provides for participation in the Plan (or this type of an excess benefit plan). A list of unions with
collective bargaining agreements providing for participation in the Plan (or this type of an excess benefit plan), as updated from time to time by the Committee, is attached hereto as Appendix B. 

 

	 	(D)	 As of November 1st of the prior Plan Year, the Eligible
Employee’s Base Salary Rate for such prior Plan Year equaled or exceeded the amount calculated as follows (rounded down to the nearest $1,000 increment): 

The dollar limit imposed by section 415(c) of the Code for such prior Plan Year, divided by the percentage equal to the sum of (i), (ii)
and (iii), as applicable. 
  

	 	(i)	 The maximum percentage that an Employee can elect to contribute on a
pre-tax, after-tax and/or Roth basis under the VIP, for the prior Plan Year (or such other rate approved by the Committee by November 1st to take effect under the VIP as of the following January). 

  

	 	(ii)	 The maximum percentage that an Employee can receive as an Employer Matching Contribution under the VIP, for the
Plan Year (or such other rate approved by the Committee by November 1st to take effect under the VIP as of the following January). 

 

	 	(iii)	 The maximum percentage that the Employee can receive as a VIP+ Contribution or Special Company Retirement
Contribution under the VIP, as applicable, for the prior Plan Year (or such other rate approved by the Committee by November 1st to take effect under the VIP as of the following January), based on
the Employee’s anticipated age at the end of the Plan Year of participation, if applicable. 

 In addition, in order
for an Employee to be eligible to make a Deferral Election for a Plan Year, the Employee must also satisfy the requirements of clauses (A) and (C) as of November 1st of the prior Plan Year.

  
 6 

 If an Employee satisfies the requirements of this section for any portion of a Plan Year and
has an irrevocable Deferral Election in place with respect to such Plan Year, then such Deferral Election shall continue in effect through the end of such Plan Year as provided in Section 3.3(C). 

Notwithstanding the foregoing, an Employee shall not be eligible to participate in the Plan if the Committee has excluded his or her employer
from participation in the Plan. A list of excluded employers, as updated from time to time, is attached hereto as Appendix A. 
  

	3.2	 Plan Participation 

The Plan has three components – Deferral Contributions, Matching Contributions, and SSP+ Company Contributions – collectively
referred to as the Restoration Benefit. An Eligible Employee must make a timely Deferral Election, as described in Section 3.3, to participate in the Deferral Contributions and Matching Contributions components of the Plan. Deferral
Contributions and Company Matching Contributions are described in Sections 3.4 and 3.5 below. 
 An Eligible Employee who receives a
VIP+ Contribution or Special Company Retirement Contribution under the VIP, as applicable, will also, to the extent eligible, automatically become a Participant in the SSP+ Company Contributions component of the Plan when an SSP+ Company
Contribution is made to the Eligible Employee’s Account, as described in Section 3.6 below. 
  

	3.3	 Deferral Elections 

 

	 	(A)	 Deferral Elections 

A Participant’s Deferral Election must be executed and delivered to the Company in accordance with rules established by the Committee.

  

	 	(B)	 Timing of Elections 

In general, the Deferral Election must be filed during the election period established by the Committee. The Deferral Election will become
irrevocable as of the end of the election period, but in no event later than December 31 of the Plan Year in which the election is made. 

Participants must execute a new Deferral Election to defer Compensation payable in each succeeding Plan Year (i.e., Deferral Elections
are not “evergreen” – they do not carry-over from Plan Year to Plan Year). 
 See Section 3.8 for a limited exception to
the general rule on the irrevocability of Deferral Elections, in the event of an Unforeseeable Emergency. 

  
 7 

	 	(C)	 No Mid-Year Changes 

Deferral Elections generally may not be modified during the Plan Year. Likewise, an Employee who makes a Deferral Election will be subject to
restrictions on mid-year contribution election changes under the VIP, in accordance with the terms of the VIP. 

If an Employee ceases to be an Eligible Employee during the Plan Year, the Employee’s Deferral Election in effect with respect to the Plan
Year in which the Employee ceases to be an Eligible Employee (if any) shall remain in effect. 
 An Employee who becomes an Eligible Employee
during a Plan Year (e.g., as a new hire, rehire or due to transfer to an eligible position) will not be eligible to make Deferral Contributions or to receive SSP+ Company Contributions under the Plan during such Plan Year. 

 

	3.4	 Deferral Contributions 

An Eligible Employee may elect to defer a percentage of his or her Compensation otherwise payable by the Company for a Plan Year by executing
and delivering a Deferral Election, as described in Section 3.3 above. This percentage is limited to the maximum percentage described in Section 3.1(D)(i), as applicable to the Eligible Employee. 

Deferral Contributions will be made from the Participant’s Compensation only after the Participant’s annual additions under the VIP
for the applicable Plan Year reach the dollar limitation of Code section 415(c), as indexed. 
 Deferral Contributions will be credited
to the Participant’s Account on the date the Compensation would otherwise be payable, or as soon thereafter as administratively feasible. 
  

	3.5	 Company Matching Contributions 

A Participant who defers Compensation pursuant to a Deferral Election under Section 3.3 will be credited with a Company Matching
Contribution from the Company related to such Deferral Contributions. This Company Matching Contribution will equal a percentage (determined based on the matching contribution formula applicable to the Participant under the VIP for the Plan Year) of
the Participant’s Deferral Contributions for the Plan Year, subject to a limit on the Participant’s Compensation from which Deferral Contributions are credited under this Plan for the Plan Year. This percentage is limited, however, to the
maximum percentage described in Section 3.1(D)(ii), as applicable to the Participant. 
 Company Matching Contributions will be credited
to the Participant’s Account on the date that the underlying Deferral Contribution is credited to the Participant’s Account. 

  
 8 

	3.6	 SSP+ Company Contributions 

An Eligible Employee who receives a VIP+ Contribution or Special Company Retirement Contribution under the VIP, as applicable, may be eligible
to be credited with an SSP+ Company Contribution. 
 An SSP+ Company Contribution will be made by the Company on behalf of an eligible
Participant during the Plan Year only after the Participant’s annual additions under the VIP for such Plan Year reach the dollar limitation of Code section 415(c), as indexed. 

The SSP+ Company Contribution for a Plan Year will equal a percentage of the eligible Participant’s Compensation paid by the Company
during the applicable pay periods within such Plan Year. This percentage will be equal to the VIP+ Contribution or Special Company Retirement Contribution percentage for which the Participant is eligible for such pay period under the VIP. 

An SSP+ Company Contribution will be credited to the Participant’s Account on the date the underlying Compensation is payable, or as soon
thereafter as administratively feasible. 
  

	3.7	 Vesting 

A Participant’s interest in his or her Account generally will be 100% vested at all times. 

See Section 5.4 regarding missing participants and improper credits, Section 8.2 regarding anti-assignment, and Section 8.3
regarding the unfunded nature of this Plan. 
  

	3.8	 Cancellation of Deferral Election Due to Unforeseeable Emergency 

Notwithstanding the election procedures described in Section 3.3, a Participant in the Plan will be permitted to cancel an existing
Deferral Election with regard to a Plan Year during that Plan Year, if the Participant incurs an Unforeseeable Emergency, as determined by the Committee. 

If a Participant has elected and received a distribution due to an Unforeseeable Emergency under Section 4.1(G), the Participant will be
deemed to have elected to cancel his or her Deferral Election for the remainder of the applicable Plan Year. 

  
 9 

 ARTICLE IV 

Distributions 
  

	4.1	 Form and Timing of Distribution 

 

	 	(A)	 General Rule 

A Participant may elect the form and timing of distribution with regard to his or her Account (including future Deferral Contributions,
Company Matching Contributions, SSP+ Company Contributions, and Earnings Credits thereon) as described below, subject to the cash-out rule in subsection (C) below. 

To be considered timely, the distribution election must be made at the same time the Participant makes his or her first Deferral Election or,
if earlier, during the enrollment period immediately preceding the first Plan Year with respect to which the Participant receives SSP+ Company Contributions. 

Any election made as to the form and timing of distribution, whether it is made with a Deferral Election or as a stand-alone distribution
election, will apply to the Participant’s entire Account (including any Deferral Contributions, Company Matching Contributions, SSP+ Company Contributions, and Earnings Credits thereon) under this Plan. 

If a Participant fails to make a timely election with regard to the timing of payment, then the Participant will be deemed to have
elected to receive payment in January of the first Plan Year following the Participant’s Separation from Service. If a Participant fails to make a timely election with regard to the form of payment, then the Participant will be deemed to
have elected to receive payment in a lump sum. 
 Notwithstanding the foregoing, if a Participant hereunder has an opening Account balance
in this Plan as of January 1, 2019, as a result the transfer of the Participant’s account from the Legacy SBP, then the Participant’s distribution election with respect to the transferred account balances under the Legacy SBP (if any)
will apply automatically to the transferred account balance and any future contributions credited under this Plan. 
 A Participant
may change a distribution election (or deemed election) with respect to his or her entire Account after the initial distribution election is made (or deemed made), to the extent permitted and in accordance with the conditions stated under subsection
(D) below. 

  
 10 

	 	(B)	 Timing and Form of Distribution 

 

	 	(i)	 Lump Sum Distribution 

The lump sum distribution option is a single lump sum payment that will be made in the later of: (i) January of the first Plan Year
following Separation from Service, or (ii) January of the first Plan Year following the Participant’s attainment of a specified age (subject to (E) below), as elected by the Participant under this Section 4.1. The amount of such
distribution will be based on the value of the Participant’s Account determined as of the date of payment. 
  

	 	(ii)	 Installment Payment 

The installment payment option is a series of annual installment payments for a period between 2 and 15 years, as elected by the Participant
under this Section 4.1. The amount payable to the Participant each year generally shall be computed by dividing the balance in the Account (or the applicable portion of the Account) as of the date payment is made by the number of years
remaining in the distribution period on the first day of January of such year. See Section 4.1(C) below for application of the cash-out rule to installment payments. 

Annual installment payments, if elected, will begin the later of: (a) January of the first Plan Year following Separation from Service,
or (b) January of the first Plan Year following the Participant’s attainment of a specified age (subject to (E) below), as elected by the Participant under this Section 4.1. Payments will continue to be made each January
thereafter until the full amount of the Participant’s Account has been paid. 
  

	 	(C)	 Cash-outs 

Notwithstanding the foregoing, subject to the six-month delay in payment for Specified Employees under
subsection (F), if a Participant has elected to receive installments and his or her remaining Account balance is $10,000 or less upon any scheduled payment date, the entire remaining balance will be paid in the form of a single lump sum at that
time. 
  

	 	(D)	 Changes to Distribution Election or Deemed Election 

A Participant may change a distribution election (or deemed election) with regard to his or her entire Account only once after the initial
distribution election is made (or deemed made). Such election must change the time of payment (consistent with the requirement of clause (iii) below) and may change the form of payment (from lump sum to installments, or vice versa). For
avoidance of doubt, if a Participant (y) has an Account that includes a transfer from the Legacy SBP and (z) previously made a one-time election to change the Participant’s distribution election
(or deemed election) while participating in the Legacy SBP, then such Participant will not be permitted to make another election under this subsection (D). 

To the extent any such change would defer commencement of the Participant’s Account beyond both age
701⁄2 and Separation from Service, the changes will not be effective. 

  
 11 

	 	(i)	 A new distribution election must be submitted to the Committee at least 12 months before the existing scheduled
distribution date, and during the annual election period established by the Committee. 

  

	 	(ii)	 The revised distribution election must not take effect for at least 12 months after it is made.

  

	 	(iii)	 The new distribution election must provide for an additional deferral period of at least 5 years beyond the
original distribution date. 

 In no event can installment payments be changed or revoked once they have begun. In all
cases, payments will be made in January. 
  

	 	(E)	 Distributions At Age
701⁄2 

 Payment of
benefits under this Plan will begin no later than the first January following the calendar year in which the Participant both attains (or would have attained) age
701⁄2 and is Separated from Service. Payment of benefits for Participants actively employed beyond age 701⁄2 will begin no later than the first January following the calendar year in which the Participant Separates from Service. Subject to subsection (D), any election made by a Participant to the contrary will not be
effective. 
  

	 	(F)	 Specified Employees 

Notwithstanding anything to the contrary under this Article IV, a Specified Employee will not receive any distribution under this Plan during
the six-month period immediately following his or her Separation from Service. 
 Subject to
subsection (D) above, the Account of a Specified Employee will be distributed in the form elected (or deemed elected) under subsection (A) above. This distribution will be made or commence as of the latest of: 

 

	 	(i)	 the time elected (or deemed elected) under subsection (A), 

 

	 	(ii)	 the first day of the month following completion of the six-month
waiting period (for Specified Employees who Separate from Service between July 1 and December 31), and 

  

	 	(iii)	 January of the first Plan Year following Separation from Service (for Specified Employees who Separate from
Service between January 1 and June 30). 

  
 12 

 If a Participant has elected installments, subsequent installment payments will be made in
January of each successive year until the Account is exhausted.In the event of a Specified Employee’s death during the six-month waiting period, the waiting period will cease to apply. The Specified
Employee’s benefits will be distributed in accordance with Section 4.2 (Death Benefits) below. 
  

	 	(G)	 Distribution Due to Unforeseeable Emergency 

A Participant or Beneficiary may elect to receive a distribution of all or a portion of his or her Account immediately, regardless of whether
benefit payments have commenced, to the extent that the Participant or Beneficiary incurs an Unforeseeable Emergency, as determined by the Committee. 

The amount of the distribution will be limited to the amount reasonably necessary to satisfy the emergency need, including any taxes or
penalties reasonably anticipated to result from the distribution, as determined by the Committee. 
  

	4.2	 Death Benefits 

If a Participant dies before his or her entire Account has been distributed, the remaining Account will be distributed to his or her
Beneficiary in accordance with the Participant’s election (or deemed election) as to form and timing filed with the Committee with regard to such Account. Distributions to the Beneficiary will be made at the same time (or as soon as practicable
following the Company’s receipt of a notice of the Participant’s death) and in the same form as the payment otherwise would have been made to the Participant. 

If a Beneficiary dies after the Participant, but before receiving the payment of all amounts due hereunder, then the unpaid amounts will be
paid to the individual(s) designated (in accordance with the rules established by the Committee) by the Beneficiary as his or her beneficiary(ies), or if no such designation has been made (or if such individual(s) do(es) not survive to receive
payment), then such unpaid amounts will be paid to the Beneficiary’s estate, in a single lump sum, as soon as practicable after the Beneficiary’s death. 
  

	4.3	 Rehires and Authorized Periods of Absence/Reduced Level of Services 

This Section 4.3 addresses the form and timing of payment for a Participant who is rehired by the Company following a Separation from
Service, or who remains employed after a Separation from Service has occurred (for example, due to an extended Authorized Period of Absence or due to reduced level of services). 

 

	 	(A)	 After Commencing Benefits 

This subsection (A) applies to a Participant who has received or begun receiving benefits under the Plan because he or she has
experienced a Separation from Service and has attained the specified age (if applicable). 

  
 13 

	 	(i)	 Rehires. Installment payments that commenced prior to the Participant’s rehire with respect to
Deferral Contributions made and contributions received before the Participant’s Separation from Service (“Old Account”) will not be suspended by reason of the Participant’s rehire. This Old Account will continue to be paid until
exhausted, without regard to the period of rehire. 

 Deferral Contributions made and contributions received attributable
to periods after the date of rehire (“New Account”) will remain subject to the Participant’s earlier distribution election or deemed election as to the timing and form of payment under Section 4.1(B) (subject to the change rules
in Section 4.1(D)), without regard to any Separation from Service that occurred prior to rehire. As a result, the New Account will be distributed in January following the Participant’s Separation from Service after rehire (subject to any 6-month delay for Specified Employees), in the form selected under the original distribution election or deemed election. This is because the Participant already has attained the specified age under
Section 4.1(B) but has not yet experienced a Separation from Service attributable to the New Account. 
  

	 	(ii)	 Authorized Period of Absence/Reduced Level of Services. To the extent a Participant made additional
Deferral Contributions or received additional contributions while on an Authorized Period of Absence or during a period of a reduced level of services that constituted a Separation from Service under Code section 409A, such Deferral Contributions
made and contributions received will be distributed in January of the first Plan Year following the year in which they are made, in accordance with the Participant’s earlier distribution election or deemed election. This is because the
Participant has already satisfied the conditions for payment under Section 4.1(B); namely, he or she has attained the specified age and has experienced a Separation from Service attributable to such Deferral Contributions made and contributions
received. 

  

	 	(B)	 Before Commencing Benefits 

This subsection (B) applies to a Participant who has not begun receiving benefits under the Plan. 

 

	 	(i)	 Rehires. The rehired Participant’s Old Account will be distributed in accordance with the
Participant’s earlier distribution election or deemed election as to the timing and form of payment under Section 4.1(B) (subject to the change rules in Section 4.1(D)). This means that, for example, if the Participant’s original
distribution election selected benefits in the form of a lump sum (or installments) payable in January following attainment of a specified age under Section 4.1(B), then the Participant’s Old Account will be payable as a lump sum (or
installments, if so elected) in January following the year in which he or she attains the specified age, even if the Participant has not had a subsequent Separation from Service after rehire. This result will not change in the event that the
Participant attains the specified age after the initial Separation from Service, but is rehired before benefits actually begin. 

  
 14 

 The Participant’s New Account will remain subject to the Participant’s earlier
distribution election or deemed election as to the timing and form of payment under Section 4.1(B) (subject to the change rules in Section 4.1(D)), without regard to any Separation from Service that occurred prior to rehire, as described
in Section 4.3(B) above. As a result, the New Account will be distributed either (i) in January following the Participant’s Separation from Service after rehire, or (ii) in January following both the Participant’s
Separation from Service after rehire and after attainment of the specified age, in accordance with the original distribution election or deemed election. This is because the Participant has not yet experienced a Separation from Service
attributable to the New Account. 
  

	 	(ii)	 Authorized Period of Absence/Reduced Level of Services. Any Deferral Contributions made or contributions
received during an Authorized Period of Absence or a period of a reduced level of services will be distributed in accordance with the Participant’s earlier distribution election or deemed election as to the timing and form of payment under
Section 4.1(B) (subject to the change rules in Section 4.1(D)). This means that, for example, if the Participant’s original distribution election selected benefits in the form of a lump sum (or installments) payable in January
following attainment of a specified age under Section 4.1(B), then any Deferral Contributions made and contributions received during an Authorized Period of Absence or a period of a reduced level of services will be payable as a lump sum (or
installments, if so elected) in January following the year in which he or she attains the specified age. This result will not change in the event that the Participant attains the specified age while on an Authorized Period of Absence or during a
period of a reduced level of services, but resumes (or increases his or her level of) services before benefits actually begin. 

  

	 	

  
 15 

 ARTICLE V 

Accounts 
  

	5.1	 Participant Accounts 

The Committee will establish and maintain an Account for each Participant, for each period of employment. Solely for this purpose, a period of
employment will be treated as commencing upon a Participant’s eligibility for the Plan (following hire or rehire as applicable) and ending with his or her Separation from Service. 

Each Account will be credited with Deferral Contributions, Company Matching Contributions, and SSP+ Company Contributions, as applicable for
the relevant period of employment, as well as Earnings Credits described in Section 5.2 below. Each Account will be reduced as payments are made. 

In addition, there will be a one-time transfer of accounts from the Legacy SBP to this Plan such that
the opening Account balance in this Plan on January 1, 2019, shall be equal to the closing balance of the Restoration Benefit account in the Legacy SBP on December 31, 2018, with respect to the following individuals: (A) each Employee
who is an Eligible Employee on January 1, 2019, and was a participant in the Restoration Benefit of the Legacy SBP prior to 2019 and (B) each other current or former Employee who is not and has never been on the E-Series Payroll (as such term was defined in the Legacy SBP), such that the Employee’s benefit under the Legacy SBP is limited to the Restoration Benefit under such plan. 

See Section 8.3 regarding the unfunded nature of this Plan. 
  

	5.2	 Earnings Credits 

A Participant’s Account(s) will be credited, at the Participant’s (or, if applicable, Beneficiary’s) election, with earnings
under one or more of the following, as the Participant elects and subject to any rules or limitations as may be imposed by the Committee: (i) the Interest Fund method, (ii) the Boeing Stock Fund method, or (iii) the Other Investment
Funds method, each as described below. In the absence of an election, the Interest Fund method will be used. 
  

	 	(A)	 Interest Fund Method 

Under this method, a Participant’s Interest Fund method sub-account shall be adjusted daily in
accordance with changes in the unit value of the sub-account to reflect interest, based on the Participant’s sub-account balance. 

Interest will be calculated for each Plan Year as the mean between the high and low (during the first eleven months of the preceding Plan
Year) yields on AA-rated industrial bonds as reported by Moody’s Investors Service, Inc., rounded to the nearest 1⁄4th of one percent. Participants will be
notified annually of the established interest rate. 

  
 16 

	 	(B)	 Boeing Stock Fund Method 

Under this method, a Participant’s Boeing Stock Fund sub-account shall be credited with the
number of shares of the common stock of The Boeing Company that could be purchased with the amount credited to such sub-account, based on the Fair Market Value of the common stock of The Boeing Company on the
day the sub-account is so credited (or on the next business day on which the New York Stock Exchange (the “Exchange”) is open, if the Exchange is closed on the day the
sub-account is credited) excluding commissions, taxes, and other charges. Such number shall be recorded as stock units in the Participant’s sub-account, for
bookkeeping purposes only. For purposes of the Plan, “Fair Market Value” means the mean of the high and low per share trading prices for the common stock of The Boeing Company as reported for the “New York Stock
Exchange—Composite Transactions” for a single trading day. The number of stock units in a sub-account shall be appropriately adjusted to reflect stock splits, stock dividends, and other like
adjustments in the common stock of The Boeing Company. 
 Each Participant’s Boeing Stock Fund
sub-account periodically shall be credited with the number of shares of the common stock of The Boeing Company that could be purchased, as set forth in the preceding paragraph, with an amount equal to the cash
dividends that would be payable on the number of shares of the common stock of The Boeing Company that equals the number of stock units in a Participant’s sub-account. The timing and methodology will
mirror the VIP dividend process. Participants will be notified annually of the number of stock units, and the dividend equivalents, credited to their sub-account. 

 

	 	(C)	 Other Investment Funds Method 

Under this method, a Participant may choose to diversify his or her Other Investment Funds sub-account
by electing that it be credited (or charged) with the expenses, income, gains and losses on investment funds similar to those offered under the VIP (excluding the Boeing Stock Fund and Stable Value Fund offered thereunder) as designated by the
Committee from time to time, pursuant to an election by the Participant to have the Participant’s sub-account credited as though the Participant had elected to invest in such funds in such increments as
the Participant will direct in accordance with rules established by the Committee or its delegates; provided that the Committee may disregard such elections in its discretion. 

Earnings credits to a Participant’s Account(s) may be subject to valuation adjustments in accordance with the procedures established by
the Committee; provided, in no event will the portion of a Participant’s Account(s) that has been distributed as of the time a valuation adjustment is made be subject to such valuation adjustment. 

  
 17 

	5.3	 Investment Election Changes and Restrictions 

A Participant may change how future additions to his or her Account(s) are deemed invested anytime during the Plan Year. The Participant may
also transfer any portion of his or her sub-accounts from one fund method to another on a daily basis, provided that a Participant may not transfer funds from one method (or investment fund under such method)
to another and back on the same day. 
 In addition, transfers cannot be made into the Boeing Stock Fund method for 30 calendar days after
transferring funds out of the Boeing Stock Fund method. This restriction applies regardless of the number of units or the dollar value of the transfer. However, the Participant may continue to direct future additions into the Boeing Stock Fund
method and make transfers out of this fund method at any time, subject to insider trading rules. 
  

	5.4	 Missing Participants and Improper Credits 

A Participant’s Account may be forfeited or reduced upon the occurrence of one of the following events, even if 100% vested: 

 

	 	(A)	 The Committee is unable to locate a Participant or Beneficiary to distribute amounts from his or her Account (a
“missing participant”). 

  

	 	(B)	 The Committee recaptures amounts improperly credited to a Participant’s Account. 

See also Section 8.2 regarding anti-assignment and Section 8.3 regarding the unfunded nature of this Plan. 

  
 18 

 ARTICLE VI 

Administration 
  

	6.1	 Plan Administration 

The Plan shall be administered by the Committee. The Committee shall make such rules, interpretations, determinations of fact and computations
as it may deem appropriate including (without limitation) requiring the use of an electronic or telephonic system for purposes of Participant elections and designations. Any decision of the Committee with respect to the Plan, including (without
limitation) any determination of eligibility to participate in the Plan and any calculation of Plan benefits, shall be conclusive and binding on all persons. 
  

	6.2	 Claims Procedure 

The procedures for making claims for benefits under the Plan and for having the denial of a benefits claim reviewed shall be the same as those
procedures set forth in the VIP. 
 See Section 8.8 regarding limitations on subsequent legal action. 

  
 19 

 ARTICLE VII 

Amendment and Termination 
 The
Committee shall have the authority to amend or terminate the Plan at any time. The Committee may delegate its authority to amend the Plan at any time, in its sole discretion. 

In the event of Plan amendment or termination, a Participant’s benefits under the Plan shall not be less than the Plan benefits to which the Participant
would be entitled if the Participant had terminated employment immediately prior to such amendment or termination of the Plan, increased or decreased by any Earnings Credits attributable to periods on or after the effective date of such amendment or
termination. 
 In general, upon the termination of the Plan with respect to any Participant, the affected Participant(s) will not be entitled to receive a
distribution until the time specified in Article IV. Notwithstanding the foregoing, The Boeing Company may, in its discretion, terminate the entire Plan and pay each Participant a single lump-sum distribution
of his or her entire accrued benefit to the extent permitted under conditions set forth in Code section 409A and any IRS or Treasury guidance thereunder. 

  
 20 

 ARTICLE VIII 

Miscellaneous 
  

	8.1	 No Employment Rights 

Nothing in the Plan shall be deemed to give any person any right to remain in the employ of the Company or other member of the Controlled
Group, as applicable, or affect any right of the Company or other member of the Controlled Group, as applicable, to terminate a person’s employment with or without cause. 

 

	8.2	 Anti-Assignment 

No benefit under the Plan shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, charge,
execution, attachment, garnishment, or any other legal process. Any attempt to take such action shall be void and shall authorize the Committee, in its sole and absolute discretion, to forfeit all further right and interest in any benefit under this
Plan. In addition, a Participant’s Account may be reduced by the amount of any tax obligation paid by the Company or other member of the Controlled Group, as applicable, on behalf of a Participant, Beneficiary, or any other person, if such
individual fails to reimburse the Company or other member of the Controlled Group, as applicable, for such obligation. 
  

	8.3	 Unfunded Status of Plan 

No funds shall be segregated or earmarked for or in the Account of any current or former Participant, Beneficiary or other person under the
Plan. However, the Company or other member of the Controlled Group, as applicable, may establish one or more trusts to assist in meeting its obligations under the Plan, the assets of which shall be subject to the claims of the general creditors of
the Company or other member of the Controlled Group, as applicable. No current or former Participant, Beneficiary or other person, individually or as a member of a group, shall have any right, title or interest in any account, fund, grantor trust,
or any asset that may be acquired by the Company or other member of the Controlled Group, as applicable, in respect of its obligations under the Plan (other than as a general creditor of the Company or other member of the Controlled Group, as
applicable, with an unsecured claim against its general assets). 
  

	8.4	 Delays or Acceleration in Payment 

Payment of benefits under this Plan may be delayed or accelerated to the extent permitted by Code section 409A, as determined by the Committee.

  

	8.5	 Involuntary Inclusion in Income 

If a determination is made that the Account of any Participant (or his or her Beneficiary) is subject to current income taxation under Code
section 409A, then the taxable portion of such Account will be immediately distributed to the Participant (or his or her Beneficiary), notwithstanding the general timing rules otherwise described herein. 

  
 21 

	8.6	 Compliance with Code Section 409A 

It is intended that amounts deferred under this Plan will not be taxable under Code section 409A respect to any individual. All provisions of
this Plan shall be construed in a manner consistent with this intent. 
  

	8.7	 Construction 

The validity of the Plan or any of its provisions will be determined under and will be construed according to federal law and, to the extent
permissible, according to the internal laws of the state of Illinois. If any provision of the Plan is held illegal or invalid for any reason, such determination will not affect the remaining provisions of the Plan and the Plan will be construed and
enforced as if said illegal or invalid provision had never been included. 
  

	8.8	 Legal Action 

No legal action may be brought in court on a claim for benefits under the Plan after 180 days following the decision on appeal (or 180 days
following the expiration of the time to make an appeal decision if no appeal decision is made). The provisions of this Plan are governed by, and subject to, the laws of the state of Illinois, U.S.A. without regard to the conflict of law provisions.
For purposes of any action, lawsuit or other proceedings brought to enforce the provisions of this Plan, relating to it, or arising from it, the parties hereby submit to and consent to the sole and exclusive jurisdiction of the courts of the United
States District Court for the Northern District of Illinois or any of the courts of the state of Illinois, U.S.A. 
  

	8.9	 Tax Withholding 

The Company, or other member of the Controlled Group, as applicable, has the right to deduct any federal, state, local or foreign taxes that
are required to be withheld from any payments made hereunder. In addition, if prior to the date of payment of any amount hereunder, the Federal Insurance Contributions Act (FICA) tax imposed under Code Sections 3101, 3121(a) and 3121(v)(2),
where applicable, becomes due, then the Company, or other member of the Controlled Group, as applicable, shall have the right to deduct such tax from any other payments made to the Participant or direct that the Participant’s Account be reduced
by the amount needed to pay the Participant’s portion of such tax, plus an amount equal to the withholding taxes due under federal, state or local law resulting from the payment of such FICA tax, and an additional amount to pay the additional
income tax at source on wages attributable to the pyramiding of the Code section 3401 wages and taxes, but no greater than the aggregate of the FICA tax amount and the income tax withholding related to such FICA tax amount. 

  
 22 

 APPENDIX A 

List of Excluded Entities 
 As of
January 1, 2019, Employees of the following entities are not eligible to participate in the Plan: 
  

	 	•	 	 Aviall, Inc. 

  

	 	•	 	 Inventory Locator Service, LLC 

  
 23 

 APPENDIX B 

List of Participating Unions (by labor group code) 

The following collective bargaining units are participating in the SSP in accordance with agreements in effect as of January 1, 2019: 

 

			
	 Labor
Group Code
	  	 Labor Group Description

	207	  	SPEEA, Northwest Engineers: Members Hired before 3/1/13
		
	207A	  	SPEEA, Northwest Engineers: Members Hired on or after 3/1/13 and before 2/18/16
		
	207B	  	SPEEA, Northwest Engineers: Members Hired on or after 2/18/16
		
	220	  	SPEEA, Northwest Technical Unit, Non-exempt: Members Hired before 3/22/13
		
	220A	  	SPEEA, Northwest Technical Unit, Non-exempt: Members Hired on or after 3/22/13 and before 2/18/16
		
	220B	  	SPEEA, Northwest Technical Unit, Non-exempt: Members Hired on or after 2/18/16
		
	223	  	SPEEA Pilot Instructors Unit (SPIU) (formerly AMPA), Represented Pilots: Members Hired before 1/1/10
		
	223A	  	SPEEA Pilot Instructors Unit (SPIU) (formerly AMPA), Represented Pilots: Members Hired on or after 1/1/10
		
	229	  	SPEEA Pilot Instructors Unit (SPIU) (formerly AMPA New Represented): Members Hired before 1/1/09
		
	229A	  	SPEEA Pilot Instructors Unit (SPIU) (formerly AMPA New Represented): Members Hired on or after 1/1/09

  
 24

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