Document:

hcre_ex101.htm

  EXHIBIT 10.1

 

AGREEMENT

 

AND

 

PLAN OF REORGANIZATION

 

OF

 

DLT RESOLUTION CORP.

 

AND

 

DLT RESOLUTION INC..

 

AND

 

1922861 ONTARIO INC.

 

(ASSET PURCHASE AGREEMENT)

 

	 
	2
	

 
	 

 

TABLE OF CONTENTS

 

	
 
	
 
	
 
	
Page
	
 

	
 
	
 
	
 
	
 
	
 

	
Agreement
	
 
	
 
	4	
 

	
 
	
 
	
 
	
 
	
 

	
1. Recitals
	
 
	
 
	5	
 

	
 
	
 
	
 
	
 
	
 

	
2. Plan of Reorganization (Asset Purchase)
	
 
	
 
	5	
 

	
 
	
 
	
 
	
 
	
 

	
3. Delivery of Shares
	
 
	
 
	5	
 

	
 
	
 
	
 
	
 
	
 

	
4. Representations of 1922861Ontario Inc
	
 
	
 
	5	
 

	
 
	
 
	
 
	
 
	
 

	
5. Representations of DLT RESOLUTION
	
 
	
 
	7	
 

	
 
	
 
	
 
	
 
	
 

	
6. Closing Date
	
 
	
 
	9	
 

	
 
	
 
	
 
	
 
	
 

	
7. Conditions Precedent to the Obligations of DLT RESOLUTION
	
 
	
 
	9	
 

	
 
	
 
	
 
	
 
	
 

	
8. Conditions Precedent to the Obligations of 1922861Ontario INC
	
 
	
 
	10	
 

	
 
	
 
	
 
	
 
	
 

	
9. Indemnification
	
 
	
 
	10	
 

	
 
	
 
	
 
	
 
	
 

	
10. Nature and Survival of Representations
	
 
	
 
	10	
 

	
 
	
 
	
 
	
 
	
 

	
11. Documents at Closing
	
 
	
 
	11	
 

	
 
	
 
	
 
	
 
	
 

	
12. Miscellaneous Provisions
	
 
	
 
	11	
 

	
 
	
 
	
 
	
 
	
 

	
SIGNATURE PAGE
	
 
	
 
	
13
	
 

	
 
	
 
	
 
	
 
	
 

	
EXHIBITS
	
 
	
 
	
Attached
	
 

 

	 
	3
	

 
	 

  

THIS AGREEMENT is entered into as of the 12TH day of April, 2018 by, and between

 

DLT RESOLUTION INC., a NEVADA corporation 

 

(hereinafter "DLT USA” or “Purchaser”); 

 

-And-

 

DLT RESOLUTION CORP., am Ontario corporation 

 

(hereinafter "DLT Resolution” or “Purchaser”); 

 

-And-

 

1922861 ONTARIO INC.

O/A Resolution tele.com ., an ONTARIO corporation 

 

(hereinafter “1922861Ontario." or Seller”).

 

R E C I T A L S:

 

DLT RESOLUTION desires to acquire all the assets of 1922861Ontario Inc., including but not limited to, the customer base representing 88 organisations and approx. 850 end points (lines), operating name, website, accounts receivables, 2 employment contracts containing non compete provisions and any and all other forms, documents, manuals and procedures utilised in the successful operation of the company’s business. in exchange for cash and shares of DLT USA Common Stock, and the parties wish to agree to certain related terms and conditions, all as set forth herein;

 

	 
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NOW, THEREFORE, in consideration of the premises, mutual promises, covenants, terms and conditions contained herein and other good and valuable considerations, the receipt and sufficiency of which are acknowledged by the parties hereto, the parties agree, warrant, represent and covenant to one another as follows:

 

1. Recitals. The above recitals are true, correct, and complete.

 

2. Plan of Reorganization . It shall be the responsibility of 1922861Ontario to deliver, on the closing of this Agreement (the "Closing") or within 10 days following the "Closing Date" (defined herein), the customer base (in database format representing 88 organisations and approx. 850 end points (lines), operating name, website, accounts receivables, 2 employment contracts containing non compete provisions and any and all other forms, documents, manuals and procedures utilised in the successful operation of the company’s business"1922861Ontario ASSETS," to be deemed, in exchange, effective the Closing Date, solely for CAD $19,200 payable to 1922861Ontario’s carrier supplier and 500,000 common stock and a further 1,000,000 common stock subject to “2. a) Milestones” below of DLT RESOLUTION's Common Stock, hereinafter the "DLT USA SHARES" .

 

a) Milestones for additional shares:

 

	
 
	·	500,000 Shares upon 1922861Ontario’s base generating CAD $35,000 in monthly sales for DLT Resolution for 3 consecutive months with a 10% pre-tax profit.
	
 
	
 
	
 

	
 
	·	500,000 Shares upon 1922861 Ontario’s base generating CAD $500,000 in cumulated gross sales with a 10% pre-tax profit.

 

Parties agree that there are 24 months to achieve these milestones. There is full acceleration to allow for full vesting as quickly as the cumulative sales milestones are reached. Share issuances will be issued under reliance of appropriate exemptions from registration with the Securities & Exchange Commission and will contain substantial resale restrictions.

 

b) 1922861Ontario As part of the plan of re-organization on closing will immediately begin porting the customer base onto DLT Resolutions backbone carrier network. 

 

c) 1922861Ontario will provide all historical profit and loss statements together with the balance sheet and statement of cash flows to assist DLT Resolution in seeking a formal financial valuation for the company’s reporting requirements. 

 

3. Delivery of Shares. On or within 10 days following the Closing, DLT RESOLUTION shall deliver a Certificate to 1922861Ontario the DLT USA SHARES, to distribute, following the Closing, to the 2 stockholders of 1922861Ontario (as determined by 1922861Ontario). 

 

4. Representations of 1922861Ontario. 1922861Ontariohereby represents that, effective as of the date first written above and the Closing, the following representations in this Section are and will be true and correct, except as otherwise provided in any EXHIBIT:

 

a. the 1922861Ontario ASSETS, to be delivered by the stockholders of 1922861Ontario., will constitute valid and legally transferred to DLT Resolution and shall be fully paid, and non-assessable;

 

b. the 1922861Ontario ASSETS are free of claims, liens or other encumbrances and the owners have the unqualified right to transfer such ASSETS pursuant to the terms and conditions of this Agreement;

 

	 
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c. the stockholders of 1922861Ontario (as listed on the attached EXHIBIT herein and incorporated herein by reference), are owners of the issued and outstanding shares of common stock of 1922861Ontario, being the 1922861Ontario SHARES, and are "accredited investors," as such term is defined in Regulation D of the SEC;

 

d. i) the attached financial statements for the period ending March 31, 2018 are a fair and accurate statement of the Company’s current financial position. and; 

  

ii) 1922861Ontario, no later than 10 days from the Closing Date, deliver to DLT RESOLUTION its most recent as prepared available financial statements (the financial statements and said statements are true, complete and accurate), unaudited, for a period ending not exceeding 12 months prior, and as of the Closing there shall be no liabilities, either fixed, contingent, liquidated or unliquidated, not reflected in the attached financial statements. All financial statements: fairly and accurately reflect the financial condition of 1922861Ontario .as of the dates thereof and the results of operations for the periods reflected therein, and were prepared in accordance with generally accepted accounting principles, consistently applied. 

 

e. as of this date and Closing there is no pledge, lien, or security interest upon any of the assets of 1922861Ontario, and 1922861Ontario has no accrued liabilities, whether or not contingent, fixed or liquidated, except as disclosed herein or in its financial statements , and there will not be any negative material changes in the conditions of 1922861Ontario .from this date, except changes arising in the ordinary course of business;

 

f. 1922861Ontario is not involved in any litigation or governmental investigation or proceeding not reflected herein, and no written litigation, claims, assessments, or governmental investigation or proceeding is threatened in writing against 1922861Ontario;

 

g. 1922861Ontario is in good standing in the jurisdiction identified for 1922861Ontario;

 

h. 1922861Ontario has and will file all governmental, tax or related returns and reports due or required to be filed;

 

i. except as may be disclosed herein or in any EXHIBIT hereto, 1922861Ontario has not been advised in writing of any material breach of any agreement to which it is a party;

 

j. 1922861Ontario's representations apply to any subsidiary corporations;

 

k. the corporate financial records, minute book, and other corporate documents and records of 1922861Ontario are available for review by DLT RESOLUTION prior to the Closing, but, in any event, do not contain anything whatsoever contrary to this Agreement or that would be deemed by DLT RESOLUTION as material ;

 

l. the execution of this Agreement will not materially violate or breach any agreement, contract, or commitment to which 1922861Ontario, or its stockholders is/are a party, and this Agreement has been, or will be prior to the Closing, duly authorized by appropriate corporate action of 1922861Ontario;

 

m. attached hereto is a true complete and correct list of all record stockholders of 1922861Ontario and (I) said list shall remain true, correct and complete up to the Closing;

 

	 
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n. as to the 1922861Ontario ASSETS, DLT RESOLUTION will have good and marketable title to such assets, free and clear of all liens, claims, and encumbrances whatsoever, and such ASSETS shall be validly owned, fully paid and non-assessable.

 

o. the shareholders of A.J.D. Data recognize that there continued contribution is essential to the near term success of the Company and comprises significant value to the acquisition herein. 1922861Ontario shareholders represent and covenant that they will not compete against the company and will continue to be fully committed to the company, providing a best efforts commitment to the continued growth and successful expansion, leveraging existing relationships to ensure short and long term growth and client loyalty to DLT Resolution for a period of 5 years as more fully described in the SERVICES contracts attached hereto.

 

p. as of the date of this Agreement, 1922861Ontario has, and at the Closing will have, disclosed all material events, conditions and facts materially affecting 1922861Ontario, and DLT RESOLUTION has not, and will not have as of the Closing Date, withheld disclosure of any material event, condition, matter, fact, or other information which has or may have a material adverse affect on 1922861Ontario or any subsidiary.

 

5. Representations of DLT RESOLUTION hereby represents that, effective as of the date first written above and the Closing, the following representations in this Section are and will be true and correct:

 

a. as of the Closing, the DLT RESOLUTION SHARES, to be delivered for the stockholders of 1922861Ontario will constitute valid and legally issued, restricted (as described herein) shares of DLT USA, and such shares shall be fully paid and non-assessable;

 

b. the President of DLT RESOLUTION is duly authorized to execute this Agreement, the Board of Directors of DLT RESOLUTION has, as of this date or by the Closing Date, approved this Agreement, and the execution hereof will not constitute a material breach of any agreement to which DLT RESOLUTION or any stockholder is a party or is otherwise bound;

 

c. DLT RESOLUTION has, or will, deliver to 1922861Ontario most recent available financial statements and shall deliver all of its financial and other books and records (the financial statements are true, complete and accurate), and as of the Closing there shall be no liabilities, either fixed, contingent, liquidated or unliquidated, not reflected in the financial statements and the financial statements: (I) fairly and accurately reflect the financial condition of DLT RESOLUTION as of the dates hereof and the results of operations for the periods reflected therein, and (II) were prepared in accordance with generally accepted accounting principles, consistently applied. As of this date and Closing there is no pledge, lien, or security interest upon any of the assets of DLT RESOLUTION. At Closing, DLT RESOLUTION shall have no accrued liabilities, whether or not contingent, fixed or liquidated, except as disclosed herein or in its financial statements

 

d. there shall not be, any material adverse changes in the financial condition , or any change in the capitalization of DLT RESOLUTION,

 

e. DLT RESOLUTION is not involved in any pending litigation, claims or governmental investigations or proceedings, and there are no lawsuits, claims assessments, investigations, proceedings or similar matters threatened or contemplated against DLT RESOLUTION to the best knowledge of the SERVICES of DLT RESOLUTION except as disclosed herein or in its financial statements;

 

	 
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f. DLT RESOLUTION is duly organized, validly existing and in good standing under the laws of the jurisdiction identified above and is qualified to do business in every jurisdiction where such qualification is necessary and it has the corporate power to own its property and to carry on its business as now being conducted;

 

g. DLT RESOLUTION has filed, all material Federal, state, county and local income, excise, property and other tax returns, forms, and reports, which are due or required to be filed by DLT RESOLUTION;

 

h. the capitalization of DLT RESOLUTION is 275,000,000 shares of authorized Common Stock, .001 par value per share, of which such number of said shares are 18,524,990 issued and outstanding as of the date hereof, as reflected on the EXHIBIT hereto. DLT RESOLUTION shall not change the number of shares of any class authorized, issued or outstanding, prior to closing except as of the Closing for the issuance of the RESOLUTION TELE.COM INC.SHARES pursuant to this Agreement. All outstanding shares in DLT RESOLUTION have been duly authorized, validly issued, and are fully paid and non-assessable and there are no outstanding or presently authorized securities, warrants, options or other similar commitments of any nature not described herein;

 

i. a true complete and correct list of all record stockholders of DLT RESOLUTION is attached hereto and said list shall remain true, correct and complete up to the Closing, prior to the issuance of stock to 1922861Ontario contemplated herein, and (II) shall be certified by DLT RESOLUTION'S stock transfer agent;

 

j. the stockholders of 1922861Ontario will have, upon issuance of the 1922861Ontario SHARES by DLT RESOLUTION contemplated herein on the Closing, good and marketable title to such shares, free and clear of all liens, claims, and encumbrances whatsoever, and such shares shall be validly issued, fully paid and non-assessable shares of common stock under Nevada law, except such shares will be unregistered and will be issued in a non-public offering, or isolated, private transaction, in compliance with applicable Federal securities laws, and shall contain the standard U. S. Securities and Exchange Commission, Rule 144 or Reg D, Reg S or similar restricted legend as counsel deems required (except, notwithstanding anything herein, it is the obligation of 1922861Ontario to comply with its own state or jurisdictional laws for its stockholders to receive the shares hereunder).

 

k. as of the date of this Agreement, DLT RESOLUTION has, and at the Closing will have, disclosed all material events, conditions and facts materially affecting DLT RESOLUTION, and DLT RESOLUTION has not, and will not have as of the Closing Date, withheld disclosure of any material event, condition, matter, fact, or other information which has or may have a material adverse affect on DLT RESOLUTION;

 

l. DLT RESOLUTION trades on the OTC Markets under the symbol “DLTI” without any current known unusual restrictions or limitations in of its Common Stock. 

 

	 
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6. Closing Date and Status. The "Closing" of this Agreement shall occur on the "Closing Date," which shall be the date of this Agreement or such date as the parties shall agree to in writing. The Closing shall take place by fax or at such place as the parties agree to in writing, with the applicable law relating to the Closing, to be that of the State of West Virginia (if for any reason a court in West Virginia shall not enforce this provision, then Michigan shall apply) for all purposes without reference to conflict of law principles, with no party or related person or associated person or professional to be subject to the law of any other jurisdiction or service of process as to any other jurisdiction.

 

7. Conditions Precedent to the Obligations of DLT RESOLUTION. All obligations of DLT RESOLUTION under this Agreement are subject to the fulfillment, prior to or as of the Closing, or such other date as the parties have agreed to in writing, of each of the following conditions precedent:

 

a. the representations by 1922861Ontario contained in this Agreement, or in any certificate or document delivered by 1922861Ontario pursuant to the provisions hereof, shall be true, correct and complete when made, and as of the Closing;

 

b. 1922861Ontario shall have performed and complied with all covenants, agreements and conditions required by this Agreement to be performed or complied with by 1922861Ontario on or before the Closing;

 

c. all instruments and documents, including EXHIBITS, attached hereto, and delivered to DLT RESOLUTION pursuant to the provisions hereof, will be true, correct

and complete;

 

d. 1922861Ontario is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation;

 

e. 1922861Ontario has the corporate power to carry on its business, as now being conducted, and is duly qualified to do business in any jurisdiction where so required;

 

f. this Agreement has been duly authorized, executed and delivered by 1922861Ontario and is a valid and binding obligation of 1922861Ontario enforceable in accordance with its terms;

 

g. 1922861Ontario, through its Board of Directors, has taken all corporate action necessary for the performance of all of its obligations under this Agreement; and

 

h. the documents executed and delivered to DLT RESOLUTION are valid and binding in accordance with their terms and, in respect of stock certificates, as to the 1922861Ontario ASSETS to be transferred to DLT RESOLUTION, and vest in DLT RESOLUTION all rights, title and interest in and to the said assets.

 

	 
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8. Conditions Precedent to the Obligations of 1922861Ontario All obligations of 1922861Ontario under this Agreement are subject to the fulfillment, prior to or on the Closing, or such other date as the parties have agreed to in writing, of each of the following conditions precedent:

 

a. the representations by DLT RESOLUTION contained in this Agreement or in any certificate or document delivered by DLT Resolution pursuant to the provisions hereof, shall be true, correct and complete when made, and at and as of the time of Closing as though such representations and warranties were made at and as of such time;

 

b. DLT RESOLUTION shall have performed and complied with its covenants, agreements, and conditions required by this Agreement to be performed or complied with by it prior to, following or at the Closing, including the delivery of the DLT RESOLUTION STOCK when required hereunder;

 

c. 1922861Ontario is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation;

 

d. this Agreement has been duly executed and delivered by DLT RESOLUTION;

 

e. the share certificates to be executed and delivered (DLT RESOLUTION SHARES) to the 1922861Ontario stockholders hereunder vest in them all of the right, title and interest in the stock and said stock is duly and validly issued, fully paid and non-assessable subject to 2. a) above;

 

f. DLT RESOLUTION shall have executed and delivered to 1922861Ontario the documents under EXHIBITS to be executed and delivered by DLT RESOLUTION; and

 

9. Indemnification. As to each of DLT RESOLUTION and 1922861Ontario SERVICES LTD., each party to this Agreement shall indemnify and hold harmless each other party at all times after the date of this Agreement against and in respect of any liability, damage, deficiency, action, suit, proceeding, demand, assessment, judgment, cost and expense, including attorney's fees, resulting from any misrepresentation, breach of promise or nonfulfillment of any agreement on the part of any such party under this Agreement.

 

10. Nature and Survival Representations. All representations made by the parties in this Agreement shall survive the Closing, and the parties are carrying out the provisions of this Agreement in reliance solely on the representations, covenants and agreements contained in this Agreement, or made in writing at the Closing of the transaction herein provided for, and not upon any investigation which any such party may have made, or any representation, warranty, agreement, promise or information, written or oral, made by another person or firm other than as specifically set forth herein or in the EXHIBITS delivered in connection with this Agreement.

 

	 
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11. Documents at Closing. At Closing, in addition to what is required elsewhere herein, all EXHIBITS attached hereto, and the signature page hereto, shall be executed and or initialed, delivered by all appropriate parties, except the parties shall have such additional days as identified herein to perform as expressly provided herein, in which case such provision herein providing additional time beyond the Closing Date shall control notwithstanding anything to the contrary (provided, however, it shall be deemed that the Closing of this Agreement occurred on the Closing Date).

 

12. Miscellaneous Provisions.

 

A. Gender. Wherever the context shall require, all words herein in the masculine gender shall be deemed to include the feminine or neuter gender, all singular words shall include the plural, and all plural shall include the singular.

 

B. Severability. If any provision hereof is deemed unenforceable by a court of competent jurisdiction, the remainder of this Agreement, and the application of such provision in other circumstances shall not be affected thereby.

 

C. Further Cooperation. From and after the date of this Agreement, each of the parties hereto agrees to execute whatever additional reasonable documentation or instruments as are necessary to carry out the intent and purposes of this Agreement or to comply with any law.

 

D. Waiver. No waiver of any provision of this Agreement shall be valid unless in writing and signed by the waiving party. The failure of any party at any time to insist upon strict performance of any condition, promise, agreement or understanding set forth herein, shall not be construed as a waiver or relinquishment of any other condition, promise, agreement or understanding set forth herein or of the right to insist upon strict performance of such waived condition, promise, agreement or understanding at any other time.

 

E. Expenses. Each party shall bear all expenses incurred by each such party in connection with this Agreement and in the consummation of the transactions contemplated hereby and in preparation thereof.

 

F. Amendment. This Agreement may only be amended or modified at any time, and from time to time, in writing, executed by the parties hereto. .

 

G. Captions. Captions herein are for the convenience of the parties and shall not affect the interpretation of this Agreement.

 

H. Counterpart Execution and Fax. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument, and may be executed by fax.

 

	 
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I. Assignment. This Agreement is not assignable.

 

J. Parties in Interest. Provisions of this Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and, their heirs, executors, administrators, other permitted successors and assigns, if any. Nothing contained in this Agreement, whether express or implied, is intended to confer any rights or remedies under or by reason of this Agreement on any persons other than the parties to it and their respective successors and assigns, nor is anything in this Agreement intended to relieve or discharge the obligation or liability of any third persons to any party to this agreement, nor shall any provision give any third persons any right of subrogation or action against, any party to this Agreement.

 

K. Entire Agreement. This Agreement and the EXHIBITS attached hereto constitute the entire agreement and understanding of the parties on the subject matter hereof and supersede all prior agreements and understandings.

 

L. Construction. This Agreement shall be governed by the laws of the State of West Virginia without reference to conflict of laws and the venue for any action, claim or dispute in respect of this Agreement shall be such court of competent jurisdiction as is located in West Virginia , U.S.A. (if, for any reason a court fails to accept jurisdiction in West Virginia, then Michigan shall apply). The parties agree and acknowledge that each has reviewed this Agreement and the normal rule of construction that agreements are to be construed against the drafting party shall not apply in respect of this Agreement given the parties have mutually negotiated and drafted this Agreement.

 

M. Cooperation. The parties hereto agree to cooperate with one another in respect of this Agreement, including reviewing and executing any document necessary for the performance of this Agreement, to comply with law or as reasonably requested by any party hereto, or legal counsel to any party hereto.

 

N. Independent Legal Counsel. The parties hereto agree that (I) each has retained independent legal counsel as confirmed in writing in connection with the negotiation, preparation and execution of this Agreement, (II) each has been advised of the importance of retaining legal counsel, and (III) by the execution of this Agreement, each party who has not retained independent legal counsel acknowledges having waived such right.

 

The parties have executed this Agreement as of the date first written above.

 

	 
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PURCHASERS

 

DLT RESOLUTION CORP.
	
	 	 	 
	By:	/s/ John S. Wilkes 	
	
Its: 
	President, Chief Executive Officer	 
	 		 
	 	 	 
	
AND
	
 

	
 
	
 
	
 

	
DLT RESOLUTION INC.
	
 

	
 
	
 
	
 

	
By: 
	
/s/ John S. Wilkes 
	
 

	
Its: 
	
President, Chief Executive Officer
	
 

	
 
	
 
	
 

	
 
	
 
	
 

	
AND
	
 

	
 
	
 
	
 

	
SELLER

 

1922861 ONTARIO INC.
	
 

	
 
	
 
	
 

	
By:
	
/s/ Steven Benham
	
 

	
Its: 
	
Chief Executive Officer, Sole Director
	
 

 

 

 

	13EX-10.62

 Exhibit 10.62 

PURCHASE AGREEMENT NUMBER PA-03774 

between 
 THE BOEING
COMPANY 
 and 

COPA HOLDINGS S.A. 

Relating to Boeing Model 737 MAX Aircraft 

  

			
	COP-PA-03774	  	Page 1
	
	BOEING PROPRIETARY

 TABLE OF CONTENTS 

 

							
	 ARTICLES
	  	SA
NUMBER	 
	 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 737-8	  	 	SA-11	 
	 1-2
	  	Aircraft Information Table 737-9	  	 	SA-11	 
	 1-3
	  	Aircraft Information Table 737-10	  	 	SA-10	 
	 1-4
	  	Aircraft Information Table 737-9 2011	  	 	SA-11	 
		  	Aircraft Number 11 and On	  			
		
	 EXHIBIT
	  			
	 A
	  	Aircraft Configuration 737-8 MAX	  			
	 A-1-2011
	  	Aircraft Configuration 737-9 MAX	  	 	SA-11	 
	 A-2
	  	Aircraft Configuration 737-10	  	 	SA-10	 
	 B.
	  	Aircraft Delivery Requirements and Responsibilities	  			
		
	 SUPPLEMENTAL EXHIBITS
	  			
	 AE1.
	  	Escalation Adjustment/Airframe and Optional Features	  			
	 BFE1.
	  	BFE Variables	  	 	SA-1	 
	 CS1.
	  	Customer Support Variables	  			
	 EE1.
	  	Engine Escalation, Engine Warranty and Patent Indemnity	  			
	 SLP1.
	  	Service Life Policy Components	  			

  

			
	SA-11	  	Page 2
	
	BOEING PROPRIETARY

			
	 LETTER AGREEMENTS
	  	 SA

NUMBER

		
	 LA-1207593R1
	  	 SA-10

		
	 LA-1207596
	  	
		
	 LA-1207601R1
	  	 SA-10

		
	 LA-1207602
	  	
		
	 LA-1207605
	  	
		
	 LA-1207607R1
	  	 SA-10

		
	 LA-1702975
	  	 SA-10

  

			
	SA-11	  	Page 3
	
	BOEING PROPRIETARY

			
	 RESTRICTED LETTER AGREEMENTS:
	  	 SA

NUMBER

		
	 LA-1207594R1
	  	SA-10
		
	 LA-1207595 R1
	  	SA-11
		
	 LA-1207597R1
	  	SA-4
		
	 LA-1207599R1
	  	SA-10
		
	 LA-1207600
	  	
		
	 LA-1207604
	  	
		
	 LA-1207608, R3
	  	SA-11
		
	 LA-1207930
	  	
		
	 LA-1207931
	  	
		
	 LA-1208299
	  	
		
	 LA-1208302
	  	
		
	 LA 1208560R12 
	  	SA-10
		
	 LA-1208842
	  	
		
	 LA-1208845
	  	
		
	 LA-1208861R2
	  	SA-10
		
	 LA-1500213
	  	SA-4
		
	 LA-1601981
	  	SA-9
		
	 LA-1702990
	  	SA-10
		
	 LA-1700960
	  	SA-10
		
	 LA-1702992
	  	SA-10
		
	 LA-1703174
	  	SA-10
		
	 LA-1743401
	  	SA-10

  

			
	SA-11	  	Page 4
	
	BOEING PROPRIETARY

			
	 SUPPLEMENTAL AGREEMENTS
	  	 DATED AS OF:

		
	 Supplemental Agreement No. 1
	  	 30 May 2013

		
	 Supplemental Agreement No. 2
	  	 28 November 2013

		
	 Supplemental Agreement No. 3
	  	 10 October 2014

		
	 Supplemental Agreement No. 4
	  	 23 February 2015

		
	 Supplemental Agreement No. 5
	  	 23 March 2015

		
	 Supplemental Agreement No. 6
	  	 12 August 2015

		
	 Supplemental Agreement No. 7
	  	 30 October 2015

		
	 Supplemental Agreement No. 8
	  	 31 March 2016

		
	 Supplemental Agreement No. 9
	  	 30 May 2016

		
	 Supplemental Agreement No. 10
	  	 31 May 2017

		
	 Supplemental Agreement No. 11
	  	

  

			
	SA-11	  	Page 5
	
	BOEING PROPRIETARY

 Purchase Agreement No. PA-03774 

between 
 The Boeing
Company 
 and 

COPA HOLDINGS S.A. 
 This
Purchase Agreement No. PA-03774 between The Boeing Company, a Delaware corporation, (Boeing) and COPA HOLDINGS S.A., a Panama corporation, (Customer) relating to the purchase and sale of Boeing
Model 737 MAX aircraft together with all tables, exhibits, supplemental exhibits, letter agreements and other attachments thereto, if any, (together, the “Purchase Agreement”) incorporates the terms and conditions (except as
specifically set forth below) of the Aircraft General Terms Agreement dated as of November 25, 1998 between the parties, identified as AGTA/COP (AGTA). 

1. Quantity, Model and Description. 
 The
aircraft to be delivered to Customer will be designated as Model 737-8 MAX or 737-9 MAX aircraft (collectively, the Aircraft and each an Aircraft).
Boeing will manufacture and sell to Customer Aircraft conforming to the configuration described in Exhibit A in the quantities listed in Table 1 to the Purchase Agreement, as the same may be amended from time to time in accordance with the
provisions of this Purchase Agreement. 
 2. Delivery Schedule. 

The scheduled months of delivery of the Aircraft are listed in the attached Table 1. Exhibit B describes certain responsibilities for both
Customer and Boeing in order to accomplish the delivery of the Aircraft. 
 3. Price. 

3.1 Aircraft Basic Price. The Aircraft Basic Price is listed in Table 1 and is subject to escalation in accordance with the terms of
this Purchase Agreement. 
 3.2 Advance Payment Base Prices. The Advance Payment Base Prices listed in Table 1 were calculated using
the 737-8 Airframe Price and average optional features price as of the date of this Purchase Agreement escalated at a rate of three percent (3%) per year to the scheduled delivery year. 

4. Payment. 
 4.1 Boeing acknowledges
receipt of a deposit in the amount shown in Table 1 for each Aircraft (Deposit). 

  

			
	COP-PA-03774	  	Page 6
	
	

 4.2 The standard advance payment schedule for the Aircraft requires Customer to make certain
advance payments, expressed in a percentage of the Advance Payment Base Price of each Aircraft beginning with a payment of one percent (1%), less the Deposit, on the effective date of the Purchase Agreement for the Aircraft. Additional advance
payments for each Aircraft are due as specified in and on the first business day of the months listed in the attached Table 1. 
 4.3 For any
Aircraft whose scheduled month of delivery is less than twenty-four (24) months from the date of this Purchase Agreement, the total amount of advance payments due for payment upon signing of this Purchase
Agreement will include all advance payments which would have become due and payable on or before the date hereof, in accordance with the standard advance payment schedule set forth in paragraph 4.2 above. 

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

5. Additional Terms. 
 5.1 Aircraft
Information Table. Table 1 consolidates information contained in Articles 1, 2, 3 and 4 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. 

5.2 Escalation Adjustment/Airframe and Optional Features. 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. 
 5.3 Buyer Furnished
Equipment Variables. Supplemental Exhibit BFE1 contains supplier selection dates, on dock dates and other variables applicable to the Aircraft. 

5.4 Customer 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. The level of support to be provided under Supplemental Exhibit CS1 (Entitlements) assumes that at the time of delivery of Customer’s first Aircraft under the
Purchase Agreement, Customer has not taken possession of a Boeing Model 737 aircraft whether such 737 aircraft was purchased, leased or otherwise obtained by Customer from Boeing or another party. If prior to the delivery of Customer’s first
Aircraft, Customer has taken possession of a 737 aircraft, Boeing will revise the Entitlements to reflect the level of support normally provided by Boeing to operators already operating such aircraft. Under no circumstances under the Purchase
Agreement or any other agreement will Boeing provide the Entitlements more than once to support Customer’s operation of 737 aircraft. 

  

			
	COP-PA-03774	  	Page 7
	
	BOEING PROPRIETARY

 5.5 Engine Escalation Variables. Supplemental Exhibit EE1 describes the applicable engine
escalation formula and contains the engine warranty and the engine patent indemnity for the Aircraft. 
 5.6 Service Life Policy
Component Variables. Supplemental Exhibit SLP1 lists the SLP Components covered by the Service Life Policy for the Aircraft. 
 5.7
Public Announcement. Boeing reserves the right to make a public announcement regarding Customer’s purchase of the Aircraft upon written approval of Boeing’s press release by Customer’s public relations department or other
authorized representative. 
 5.8 Negotiated 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, has been the subject of discussion and negotiation
and is understood by the parties; the Aircraft Price and other agreements of the parties stated in this Purchase Agreement were arrived at in consideration of such provisions. This Purchase Agreement, including the AGTA, contains the entire
agreement between the parties and supersedes all previous proposals, understandings, commitments or representations whatsoever, oral or written, with respect to the purchase by customer and manufacture, sale and delivery by Boeing of the Aircraft
and may be changed only in writing signed by authorized representatives of the parties. 
 AGREED AND ACCEPTED this 

June 27, 2012 

			
	  
 Date
	  	
		
	THE BOEING COMPANY	  	COPA HOLDINGS S.A.
		
		  	
	  
 Signature
	  	  
 Signature

		
	 David L. Gossard
	  	  

	Printed name	  	Printed name
		
	 Attorney-in-Fact
	  	  

	Title	  	Title

  

			
	COP-PA-03774	  	Page 8
	
	BOEING PROPRIETARY

 Table 1 To 

Purchase Agreement No. PA-03774 

Aircraft Delivery, Description, Price and Advance Payments 
  

			
	Airframe Mode/MTOW:	  	 737-8

		
	Engine Model/Thrust:	  	 CFMLEAP-1B25

	
	Airframe Price:
	
	Optional Features:
	
	Sub-Total of Airframe and Features:
	
	Engine Price (Per Aircraft):
	
	Aircraft Basic Price (Excluding BFE/SPE):
	
	Buyer Furnished Equipment (BFE) Estimate:
	
	Seller Purchased Equipment (SPE) Estimate:

  

			
	Deposit per Aircraft:	 	 $140,000

  

																																					
	 Delivery

Date
	  	Number of
Aircraft	 	  	Escalation
Factor
(Airframe)	 	  	Escalation Estimate
Adv Payment Base
Price Per A/P	 	  	Advanced Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):	 
	  	  	  	  	At Signing
1%	 	  	36/30 Mos.
2%	 	  	24 Mos.
3%	 	  	21/15 Mos.
5%	 	  	9 Mos.
2%	 	  	Total
20%	 
	 May-2020
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Jun-2020
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Jul-2020
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Aug-2020
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Sep-2020
	  	 	2	 	  				  				  				  				  				  				  				  			
	 Oct-2020
	  	 	2	 	  				  				  				  				  				  				  				  			
	 Nov-2020
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Apr-2022
	  	 	1	 	  				  				  				  				  				  				  				  			
	 May-2022
	  	 	2	 	  				  				  				  				  				  				  				  			
	 Jun-2022
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Aug-2022
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Sep-2022
	  	 	2	 	  				  				  				  				  				  				  				  			
	 Oct-2022)
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Nov-2022
	  	 	1	 	  				  				  				  				  				  				  				  			

  

			
	COP-PA-03774 72533F.TXT	  	Page 9
	
	

 Table 1 To 

Purchase Agreement No. PA-03774 

Aircraft Delivery, Description, Price and Advance Payments 
  

																																					
	 Delivery

Date
	  	Number of
Aircraft	 	  	Escalation
Factor
(Airframe)	 	  	Escalation
Estimate
Adv Payment Base
Price Per A/P	 	  	Advanced Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):	 
	  	  	  	  	At Signing
1%	 	  	36/30 Mos.
2%	 	  	24 Mos.
3%	 	  	21/15 Mos.
5%	 	  	9 Mos.
2%	 	  	Total
20%	 
	 Feb-2023
	  	 	2	 	  				  				  				  				  				  				  				  			
	 Mar-2023
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Apr-2023
	  	 	2	 	  				  				  				  				  				  				  				  			
	 May-2023
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Jun-2023
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Jul-2023
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Aug-2023
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Sep-2023
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Oct-2023
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Nov-2023
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Feb-2024
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Mar-2024
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Apr-2024
	  	 	1	 	  				  				  				  				  				  				  				  			
	 May-2024
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Jun-2024
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Jul-2024
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Aug-2024
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Sep-2024
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Oct-2024
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Mar-2025
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Apr-2025
	  	 	1	 	  				  				  				  				  				  				  				  			
	 May-2025
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Jun-2025
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Total:
	  	 	43	 	  				  				  				  				  				  				  				  			

 Notes: 
  

	1)	Actual delivery months provided in accordance with LA-1207602. 

  

			
	COP-PA-03774 72533F.TXT	  	Page 10
	
	BOEING PROPRIETARY

 Table 1 To 

Purchase Agreement No. PA-03774 

Aircraft Delivery, Description, Price and Advance Payments 
  

																			
	 Delivery

Date
	  	Number of
Aircraft	  	Escalation
Factor
(Airframe)	  	Escalation
Estimate
Adv Payment Base
Price Per A/P	  	Advanced Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
	  	  	  	  	At
Signing
1%	  	36/30 Mos.
2%	  	24 Mos.
3%	  	21/15 Mos.
5%	  	9 Mos.
2%	  	Total
20%

  

			
	COP-PA-03774 72533F.TXT	  	Page 11
	
	BOEING PROPRIETARY

 Table 1-2 To 

Purchase Agreement No. PA-03774 

737-9 2011 Bas Year Aircraft Delivery, Description, Price and Advance Payments 

 

			
	Airframe Mode/MTOW:	  	737-9
		
	Engine Model/Thrust:	  	CFMLEAP-1B28
	
	Airframe Price:
	
	Optional Features:
	
	Sub-Total of Airframe and Features:
	
	Engine Price (Per Aircraft):
	
	Aircraft Basic Price (Excluding BFE/SPE):
	
	Buyer Furnished Equipment (BFE) Estimate:
	
	Seller Purchased Equipment (SPE) Estimate:
	
	Deposit per Aircraft:

  

									
	 Delivery

Date
	  	Number of
Aircraft	 	  	Escalation
Factor
(Airframe)	 
	 Feb-2023
	  	 	1	 	  			
	 Mar-2023
	  	 	2	 	  			
	 Apr-2023
	  	 	1	 	  			
	 May-2023
	  	 	1	 	  			
	 Jun-2023
	  	 	1	 	  			
	 Jul-2023
	  	 	1	 	  	 	1	 
	 Aug-2023
	  	 	1	 	  			
	 Sep-2023
	  	 	2	 	  	 	1	 
	 Total:
	  	 	10	 	  			

  

			
		  	Page 12
	
	

 Table 1-3 To 

Purchase Agreement No. PA-03774 

Boeing 737-10 MAX 

Aircraft Delivery, Description, Price and Advance Payments 
  

			
	Airframe Mode/MTOW:	  	 737-10

		
	Engine Model/Thrust:	  	 CFMLEAP-1B28

	
	Airframe Price:
	
	Optional Features:
	
	Sub-Total of Airframe and Features:
	
	Engine Price (Per Aircraft):
	
	Aircraft Basic Price (Excluding BFE/SPE):
	
	Buyer Furnished Equipment (BFE) Estimate:
	
	Seller Purchased Equipment (SPE) Estimate:
	
	Deposit per Aircraft:

  

																																					
	 Delivery

Date
	  	Number of
Aircraft	 	  	Escalation
Factor
(Airframe)	 	  	Escalation Estimate
Adv Payment Base
Price Per A/P	 	  	Advanced Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):	 
	  	  	  	  	At Signing
1%	 	  	36/30 Mos.
2%	 	  	24 Mos.
3%	 	  	21/15 Mos.
5%	 	  	9 Mos.
2%	 	  	Total
20%	 
	 Feb-2021
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Mar-2021
	  	 	2	 	  				  				  				  				  				  				  				  			
	 Apr-2021
	  	 	1	 	  				  				  				  				  				  				  				  			
	 May-2021
	  	 	2	 	  				  				  				  				  				  				  				  			
	 Jun-2021
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Aug-2021
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Sep-2021
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Oct-2021
	  	 	2	 	  				  				  				  				  				  				  				  			
	 Nov-2021
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Feb-2022
	  	 	1	 	  				  				  				  				  				  				  				  			
	 Mar-2022
	  	 	2	 	  				  				  				  				  				  				  				  			
	 Total:
	  	 	15	 	  				  				  				  				  				  				  				  			

  

			
	PA-03774 101321-1F.TXT	  	Page 13
	
	

 AIRCRAFT CONFIGURATION 

between 
 THE BOEING
COMPANY 
 and 

COPA 
 HOLDINGS S.A.

 Exhibit A to Purchase Agreement Number PA-03774 

  

			
	COP-PA-03774-EXA	  	Page 1
	
	

 Exhibit A 

AIRCRAFT CONFIGURATION 

relating to 
 BOEING
MODEL 737-8 MAX AIRCRAFT 
 The Detail Specification is Boeing document number D019A001,
revision TBD, dated as of October 27, 2011. The Detail Specification provides further description of Customer’s configuration set forth in this Exhibit A. Such Detail Specification will be comprised of Boeing configuration specification
D019A001, revision TBD, dated October 27, 2011, as amended to incorporate the optional features (Options) yet to be defined by Customer, and the effects on Manufacturer’s Empty Weight (MEW) and Operating Empty Weight
(OEW). The Aircraft Basic Price reflects and includes all effects of such estimated Options, except such Aircraft Basic Price does not include the price effects of any Buyer Furnished Equipment or Seller Purchased Equipment. 

The content of this Exhibit A will be defined pursuant to the provisions of Letter Agreement No. 1207602 to the Purchase Agreement,
entitled “Open Matters”. 

  

			
	COP-PA-03774-EXA	  	Page 2
	
	

 AIRCRAFT CONFIGURATION 

between 
 THE BOEING
COMPANY 
 and 

COPA HOLDINGS S.A. 

Exhibit A-1 to Purchase Agreement Number PA-03774 

 

  

			
	COP-PA-03774-EXA-1	  	 SA-11

Page 1

	
	BOEING PROPRIETARY

 Exhibit A-1 

AIRCRAFT CONFIGURATION 

relating to 
 BOEING
MODEL 737-9 MAX AIRCRAFT 
 The Detail Specification is Boeing document number D019A008,
revision C, dated as of March 15, 2013. The Detail Specification provides further description of Customer’s configuration set forth in this Exhibit A-1. Such Detail Specification will be comprised of
Boeing configuration specification D019A008, revision C, dated as of March 15, 2013, as amended to incorporate the optional features (Options) yet to be defined by Customer, and the effects on Manufacturer’s Empty Weight
(MEW) and Operating Empty Weight (OEW). The Aircraft Basic Price reflects and includes all effects of such estimated Options, except such Aircraft Basic Price does not include the price effects of any Buyer Furnished Equipment or
Seller Purchased Equipment. 
 The content of this Exhibit A-1 will be defined pursuant to the
provisions of Letter Agreement No. 1207602 to the Purchase Agreement, entitled “Open Matters”. 

  

			
	COP-PA-03774-EXA-1	  	 SA-11

Page 2

	
	BOEING PROPRIETARY

 AIRCRAFT CONFIGURATION 

between 
 THE BOEING
COMPANY 
 and 

COPA HOLDINGS S.A. 

Exhibit A-1- 2011 to Purchase Agreement No. PA-03774 

  

			
	COP-PA-03774-EXA-1-2011	  	 SA-11

Page 1

	
	BOEING PROPRIETARY

 Exhibit
A-1-2011 
 AIRCRAFT CONFIGURATION 

relating to 
 BOEING
MODEL 737-9 2011 BASE YEAR MAX AIRCRAFT 
 The Detail Specification is Boeing document number
D019A008, revision C, dated as of March 15, 2013. The Detail Specification provides further description of Customer’s configuration set forth in this Exhibit A-1. Such Detail Specification will be
comprised of Boeing configuration specification D019A008, revision C, dated as of March 15, 2013, as amended to incorporate the optional features (Options) yet to be defined by Customer, and the effects on Manufacturer’s
Empty Weight (MEW) and Operating Empty Weight (OEW). The Aircraft Basic Price reflects and includes all effects of such estimated Options, except such Aircraft Basic Price does not include the price effects of any Buyer
Furnished Equipment or Seller Purchased Equipment. 

  

			
	COP-PA-03774-EXA-1-2011	  	 SA-11

Page 2

	
	BOEING PROPRIETARY

 AIRCRAFT CONFIGURATION 

737-10 

between 
 THE BOEING
COMPANY 
 and 

COPA HOLDINGS S.A 

EXHIBIT A-2 to PURCHASE AGREEMENT 

NUMBER PA-03774 

  

			
	COP-PA-03774-EXA-2	  	 SA-10

Page 1

	
	BOEING PROPRIETARY

 EXHIBIT A-2 

AIRCRAFT CONFIGURATION 

relating to 
 BOEING
MODEL 737-10 AIRCRAFT 
 The content of this Exhibit A-2
will be defined pursuant to the provisions of Letter Agreement No.
COP-LA-03774-LA-1702975 to the Purchase Agreement, entitled “73710 Open
Matters”. 

  

			
	COP-PA-03774-EXA-2	  	 SA-10

Page 2

	
	BOEING PROPRIETARY

 AIRCRAFT DELIVERY REQUIREMENTS AND 

RESPONSIBILITIES 

between 
 THE BOEING
COMPANY 
 and 

COPA HOLDINGS S.A. 

Exhibit B to Purchase Agreement Number PA-03774 

  

			
	COP-PA-03774-EXB	  	Page 1
	
	BOEING PROPRIETARY

 Exhibit B 

AIRCRAFT DELIVERY REQUIREMENTS AND RESPONSIBILITIES 

relating to 
 BOEING
MODEL 737 MAX AIRCRAFT 
 Both Boeing and Customer have certain documentation and approval responsibilities at various times during the
construction cycle of each of the Customer’s 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 or on behalf of Customer in advance of the scheduled delivery month of each Aircraft with respect
to obtaining certain government issued documentation. 
 1.1 Airworthiness and Registration Documents. Not later than six
(6) months prior to delivery of each Aircraft, Customer will notify Boeing of the registration number to be painted on the side of the Aircraft. In addition, and not later than three (3) months prior to
delivery of each Aircraft, Customer will or will cause, by letter to the regulatory authority having jurisdiction, such regulatory authority to authorize the temporary use of such registration numbers by Boeing during the pre-delivery testing of the 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. 

1.2 Certificate of Sanitary Construction. 

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-configured aircraft. 

1.3 Customs Documentation. 
 1.3.1
Import Documentation. If the Aircraft is intended to be exported from the United States, Customer must notify Boeing not later than three (3) months prior to delivery of each Aircraft of any documentation required by
the customs authorities or by any other agency of the country of import. 

  

			
	COP-PA-03774-EXB	  	Page 2
	
	BOEING PROPRIETARY

 1.3.2 General Declaration - U.S. Unless
otherwise notified by Customer, 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
twenty (20) days 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 twenty (20) days 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. 

1.3.3 Export Declaration - U.S. Boeing will file an export declaration electronically
with U.S. Customs and Border Protection (CBP) in respect of each Aircraft. 
 2. Insurance Certificates. 

Unless provided earlier, Customer will provide to Boeing not later than thirty (30) days 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 twenty (20) days prior to delivery of an Aircraft, Customer will provide to
Boeing a configuration letter stating the requested “flyaway configuration” of such 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 Customers 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. 

  

			
	COP-PA-03774-EXB	  	Page 3
	
	BOEING PROPRIETARY

 4. DELIVERY ACTIONS BY BOEING. 

4.1 Schedule of Inspections. All FAA, Boeing and Customer inspections will be scheduled by Boeing for completion prior to delivery of
each Aircraft and, if required, all US Customs Bureau or similar inspections will be provided prior to delivery or departure (in each case as required by applicable rules and procedures of the relevant governmental agency) of the Aircraft. Customer
will be informed of such schedules. 
 4.2 Schedule of Demonstration Flights. All FAA and Customer demonstration flights will be
scheduled by Boeing for completion prior to delivery of the Aircraft. 
 4.3 Schedule 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. 
 4.4 Flight
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. 

4.5 Delivery 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. 
 4.6 Delegation of Authority. Boeing will
present a certified copy of a Resolution of Boeing’s Board of Directors, designating and authorizing certain persons to act on its behalf in connection with delivery of the Aircraft. 

5. DELIVERY ACTIONS BY CUSTOMER. 
 5.1
Aircraft Radio Station License. At delivery Customer will provide or cause to be provided an Aircraft Radio Station License to be placed on board the Aircraft following delivery. 

5.2 Aircraft Flight Loq. At delivery Customer will provide or cause to be provided the Aircraft Flight Log for the Aircraft. 

5.3 Delegation of Authority. Customer will present to Boeing at delivery of the Aircraft an original or certified copy of
Customer’s Delegation of Authority designating and authorizing certain persons to act on its behalf in connection with delivery of the specified Aircraft. 

  

			
	COP-PA-03774-EXB	  	Page 4
	
	BOEING PROPRIETARY

 5.4 TSA 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 for 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. 

5.5 Electronic 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. 

  

			
	COP-PA-03774-EXB	  	Page 5
	
	BOEING PROPRIETARY

 ESCALATION ADJUSTMENT 

AIRFRAME AND OPTIONAL FEATURES 

between 
 THE BOEING
COMPANY 
 and 

COPA HOLDINGS S.A. 

Supplemental Exhibit AE1 

to Purchase Agreement Number PA-03774 

  

			
	COP-PA-03774-EXHAE1	  	Page 1
	
	BOEING PROPRIETARY

 ESCALATION ADJUSTMENT 

AIRFRAME AND OPTIONAL FEATURES 

relating to 
 BOEING
MODEL 737 MAX 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 = (P) (L + M) - P 

Where: 

Pa = Airframe Price Adjustment. (For Models 737, 747-8, 777-200LR, 777-F, and 777-300ER the Airframe Price includes the Engine Price at its basic thrust level.) 

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

L=.65 x (ECI  

       ECIb) 
 Where: 

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

 ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics, Employment Cost Index for NAICS Manufacturing — Total
Compensation (BLS Series ID CIU20130000000001), calculated by establishing a three (3) month arithmetic average value (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 the Employment Cost Index 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. 

M = .35 x (CPI 

          CPIb) 

  

			
	COP-PA-03774-EXHAE1	  	Page 2
	
	BOEING PROPRIETARY

 Where: 
 CPIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement); and 

CPI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Index — All Urban Consumers (BLS Series ID
CUUR0000SA0), 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 ECI and CPI. 
 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)	.65 is the numeric ratio attributed to labor in the Airframe Price Adjustment formula. 

  

	 	(iii)	.35 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 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 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. 

  

			
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	BOEING PROPRIETARY

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

2.1 If the Bureau of Labor Statistics substantially revises the methodology used for the determination of the values to be used to determine
the ECI and CPI 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 twenty-four (24) months 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. 

2.2 Notwithstanding 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 ECI and CPI values as defined above, such re-based values will be incorporated in the Airframe Price Adjustment calculation. 

2.3 In 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 August of the year prior to the price base year shown in the Purchase Agreement. 

2.4 If within twelve (12) months 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 thirty (30) days prior to the first day of the scheduled delivery month of an Aircraft will be used to determine the ECI and CPI 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 published Index values, subject always to paragraph 2.4 above. 

  

			
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	BOEING PROPRIETARY

	 	(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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	BOEING PROPRIETARY

 BUYER FURNISHED EQUIPMENT VARIABLES 

between 
 THE BOEING
COMPANY 
 and 

COPA HOLDINGS S.A. 

Supplemental Exhibit BFE1 

to Purchase Agreement Number PA-03774 

  

			
	COP-PA-03774-BFE1	  	 SA-1

Page 1

	
	BOEING PROPRIETARY

 BUYER FURNISHED EQUIPMENT VARIABLES 

relating to 
 BOEING
MODEL 737-8 MAX 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
	  	12 months
prior to first
delivery
		  	  

	 Galley Inserts
	  	12 months
prior to first
delivery
		  	  

	 Seats (passenger)
	  	14 months
prior to first
delivery
		  	  

	 Overhead & Audio System
	  	12 months
prior to first
delivery
		  	  

	 In-Seat Video System
	  	14 months
prior to first
delivery
		  	  

	 Miscellaneous Emergency Equipment
	  	12 months
prior to first
delivery
		  	  

	 Cargo Handling Systems*

(Single Aisle Programs only)
	  	8 months
prior to first
delivery
		  	  

  

	*	For a new certification, supplier requires notification ten (10) months prior to Cargo Handling System on-dock date. 

	**	Actual Supplier Selection dates will be provided thirty six (36) months prior to first aircraft delivery. 

  

			
	COP-PA-03774-BFE1	  	 SA-1

Page 2

	
	BOEING PROPRIETARY

 Customer will enter into initial agreements with the selected Galley System, Galley Inserts,
Seats, and In-Seat Video System suppliers on or before twenty (20) calendar days after the above supplier selection dates to actively participate with Customer and
Boeing in coordination actions including the Initial Technical Coordination Meeting (ITCM). 
 2.
On-dock Dates and Other Information. 
 On or before nine
(9) months prior to delivery of Customer’s first Aircraft, Boeing will provide to Customer the BFE Requirements electronically through My Boeing Fleet (MBF) in My Boeing Configuration (MBC). 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. 
 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.boeinq.com/companyoffices/doingbizJsupplier portal/index qeneral.html 

  

			
	COP-PA-03774-BFE1	  	 SA-1

Page 3

	
	BOEING PROPRIETARY

 CUSTOMER SUPPORT VARIABLES 

between 
 THE BOEING
COMPANY 
 and 

COPA HOLDINGS S.A. 

Supplemental Exhibit CS1 

to Purchase Agreement Number PA-03774 

  

			
	COP-PA-03774-EXCS1	  	Page 1
	
	BOEING PROPRIETARY

 CUSTOMER SUPPORT VARIABLES 

relating to 
 BOEING
MODEL 737 MAX AIRCRAFT 
 Customer and Boeing will conduct planning conferences approximately twelve (12) months prior to delivery
of the first Aircraft, or as mutually agreed, in order to develop and schedule a customized Customer Support Program to be furnished by Boeing in support of the Aircraft. 

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

1. Maintenance Training. 
 1.1
Mechanical/Power Plant Course; one (1) class of fifteen (15) students; 
 1.2 Electrical Systems Course; one (1) class of
fifteen (15) students; 
 1.3 Avionics Systems Course; one (1) class of fifteen (15) students; 

1.4 Aircraft Rigging Course; one (1) class of six (6) students; 

1.5 Advanced Composite Repair Course; one (1) class of eight (8) students. 

1.6 Training materials will be provided to each student. In addition, one set of training materials as used in Boeing’s training program,
including visual aids, Computer Based Training Courseware, instrument panel wall charts, text/graphics, video programs, etc. will be provided for use in Customer’s own training program. 

2. Flight Training. 
 2.1 Boeing will
provide one classroom course to acquaint up to eight (8) students (four (4) flight crews) with operational, systems and performance differences between Customer’s newly-purchased Aircraft
and an aircraft of the same model currently operated by Customer. 
 2.2 Training materials will be provided to each student. In addition,
one set of training materials as used in Boeing’s training program, including Computer Based Training Courseware, instrument panel wall charts, Flight Attendant Manuals, etc. will be provided for use in Customer’s own training program.
Customer is authorized to duplicate and use Boeing provided training materials to train Customer’s personnel in their own training program, it being understood that revision service for these materials is not provided by Boeing. 

  

			
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	BOEING PROPRIETARY

 3. Planning Assistance. 

3.1 Maintenance Engineering. Notwithstanding anything in Exhibit B to the AGTA seemingly to the contrary, Boeing will provide the
following Maintenance Engineering support: 
 3.1.1 Maintenance Planning Assistance. Upon request, Boeing will provide one (1) on-site visit to Customer’s main base to assist with maintenance 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. 
 3.1.2 ETOPS Maintenance Planning Assistance. Upon request, Boeing
will provide one (1) on site visit to Customer’s main base to assist with the development of their 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. 
 3.1.3 GSE/Shops/Toolinq Consulting. Upon request,
Boeing will provide consulting and data for 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.

 3.1.4 Maintenance Engineering Evaluation. Upon request, Boeing will provide one
(1) 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 such evaluation 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. 
  

	 	(i)	Recommended Spares Parts List (RSPL). A customized RSPL, data and documents will be provided to identify spare parts required for Customers support program. 

 

	 	(ii)	Illustrated Parts Catalog (IPC). A customized IPC in accordance with ATA 100 will be provided. 

  

	 	(iii)	Provisioning Training. Provisioning training will be provided for Customer’s personnel at Boeing’s facilities, where documentation and technical expertise are available. Training is focused on the
initial provisioning process and calculations reflected in the Boeing RSPL. 

  

			
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	BOEING PROPRIETARY

	 	(iv)	Spares Provisioning Conference. A provisioning conference will be conducted, normally at Boeing’s facilities where technical data and personnel are available. 

4. Technical Data and Documents. 
 The
following will be provided in mutually agreed formats and quantities: 
 4.1 Flight Operations. 

Airplane Flight Manual 

Operations Manual 
 Quick
Reference Handbook 
 Weight and Balance Manual 

Dispatch Deviation Procedures Guide 

Flight Crew Training Manual 

Performance Engineer’s Manual 

Fault Reporting Manual 
 FMC
Supplemental Data Document 
 Operational Performance Software 

ETOPS Guide Vol. III 
 4.2
Maintenance. 
 Aircraft Maintenance Manual 

Wiring Diagram Manual 
 Systems
Schematics Manual 
 Fault Isolation Manual 

Structural Repair Manual 

Overhaul/Component Maintenance Manual 

Standard Overhaul Practices Manual 

Standard Wiring Practices Manual 

Non-Destructive Test Manual 

Service Bulletins and Index 

Corrosion Prevention Manual 
 Fuel
Measuring Stick Calibration Document 
 Power Plant Buildup Manual 

Combined Index 
 Significant
Service Item Summary 
 All Operators Letters 

Structural Item Interim Advisory and Index 

Service Letters and Index 

Maintenance Tips 
 Production
Management Data Base (PMDB) 
 Electrical Connectors Options Document 

  

			
	COP-PA-03774-EXCS1	  	Page 4
	
	BOEING PROPRIETARY

 4.3 Maintenance Planning. 

Maintenance Planning Data Document 

Maintenance Task Cards and Index 

Maintenance Inspection Intervals Report 

4.4 Spares. 
 Illustrated
Parts Catalog 
 Standards Books 

4.5 Facilities and Equipment Planning. 

Facilities and Equipment Planning Document 

Special Tool & Ground Handling Equipment Drawings & Index 

Supplementary Tooling Documentation 

Illustrated Tool and Equipment Manual 

Aircraft Recovery Document 

Airplane Characteristics for Airport Planning Document 

Aircraft Rescue and Firefighting Document 

Engine Handling Document 

Configuration, Maintenance and Procedures for ETOPS 

ETOPS Guide Vols. I & II 

4.6 Supplier Technical Data. 

Service Bulletins 
 Ground Support
Equipment Data 
 Provisioning Information 

Component Maintenance/Overhaul Manuals and Index 

Publications Index 
 Product
Support Supplier Directory 
 4.7 Fleet Statistical Data and Reporting. 

Fleet reliability views, charts, and reports 
 5.
Aircraft Information. 
 5.1 Aircraft 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. 

  

			
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	BOEING PROPRIETARY

 5.2 License 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. 

5.3 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. 

  

			
	COP-PA-03774-EXCS1	  	Page 6
	
	BOEING PROPRIETARY

 ENGINE ESCALATION, 

ENGINE WARRANTY AND PATENT INDEMNITY 

between 
 THE BOEING
COMPANY 
 and 

COPA HOLDINGS S.A. 

Supplemental Exhibit EE1 

to Purchase Agreement Number PA-03774 

  

			
	COP-PA-03774-EXEE1	  	Page 1
	
	BOEING PROPRIETARY

 ENGINE ESCALATION 

ENGINE WARRANTY AND PATENT INDEMNITY 

relating to 
 BOEING
MODEL 737 MAX AIRCRAFT 
 1. ENGINE ESCALATION. 

No separate engine escalation methodology is applicable to the 737-600,
-700, 800, -900 or -900ER, -7, -8, -9 Aircraft. Pursuant to the AGTA, the engine prices for these Aircraft are included in and will be escalated in the same manner as the Airframe. 

2. ENGINE WARRANTY AND PRODUCT SUPPORT PLAN. 

Boeing has obtained from CFM International, Inc. (or CFM International, S.A., as the case may be) (CFM) the right to extend to Customer
the provisions of CFM’s warranty as set forth below (herein referred to as Warranty); subject, however, to Customer’s acceptance of the conditions set forth herein. Accordingly, Boeing hereby extends to Customer and Customer hereby
accepts the provisions of CFM’s Warranty as hereinafter set forth, and such Warranty shall apply to all CFM56-7 and
CFM-LEAP-1B type Engines (including all Modules and Parts thereof) installed in the Aircraft at the time of delivery or purchased from Boeing by Customer for support of
the Aircraft except that, if Customer and CFM have executed, or hereafter execute, a General Terms Agreement which includes by its terms such engines, then the terms of that Agreement shall be substituted for and supersede the provisions of
paragraphs 2.1 through 2.10 below and paragraphs 2.1 through 2.10 below shall be of no force or effect and neither Boeing nor CFM shall have any obligation arising therefrom. In consideration for Boeing’s extension of the CFM Warranty to
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 CFM56-7 and CFM-LEAP-1B type Engines and Customer hereby waives, releases and renounces all its rights in all such claims, obligations and liabilities. In addition, Customer hereby releases and discharges CFM from any
and all claims, obligations and liabilities whatsoever arising out of the purchase or use of such CFM56-7 and CFM-LEAP-1B type
Engines except as otherwise expressly assumed by CFM in such CFM Warranty or General Terms Agreement between Customer and CFM and Customer hereby waives, releases and renounces all its rights in all such claims, obligations and liabilities. 

2.1 Title. CFM warrants that at the date of delivery, CFM has legal title to and good and lawful right to sell its CFM56-7 and CFM-LEAP type Engine and Products and furthermore warrants that such title is free and clear of all claims, liens and encumbrances of any nature whatsoever. 

  

			
	COP-PA-03774-EXEE1	  	Page 2
	
	BOEING PROPRIETARY

 2.2 Patents. 

2.2.1 CFM shall handle all claims and defend any suit or proceeding brought against Customer insofar as based on a claim that any product or
part furnished under this Agreement constitutes an infringement of any patent of the United States, and shall pay all damages and costs awarded therein against Customer. This paragraph shall not apply to any product or any part manufactured to
Customer’s design or to the aircraft manufacturer’s design. As to such product or part, CFM assumes no liability for patent infringement. 

2.2.2 CFM’s liability hereunder is conditioned upon Customer promptly notifying CFM in writing and giving CFM authority, information and
assistance (at CFM’s expense) for the defense of any suit. In case said equipment or part is held in such suit to constitute infringement and the use of said equipment or part is enjoined, CFM shall expeditiously, at its own expense and at its
option, either (i) procure for Customer the rights to continue using said product or part; (ii) replace the same with a satisfactory and non-infringing product or part; or (iii) modify the same
so it becomes satisfactory and non-infringing. The foregoing shall constitute the sole remedy of Customer and the sole liability of CFM for patent infringement. 

2.2.3 The above provisions also apply to products which are the same as those covered by this Agreement and are delivered to Customer as part
of the installed equipment on CFM56-7 and CFM-LEAP-1B powered Aircraft. 

2.3 Initial Warranty. CFM warrants that CFM56-7 and CFM-LEAP-1B Engine products will conform to CFM’s applicable specifications and will be free from defects in material and workmanship prior to Customer’s initial use of such products. 

2.4 Warranty Pass-On. 

2.4.1 If requested by Customer and agreed to by CFM in writing, CFM will extend warranty support for Engines sold by Customer to commercial
airline operators, or to other aircraft operators. Such warranty support will be limited to the New Engine Warranty, New Parts Warranty, Ultimate Life Warranty and Campaign Change Warranty and will require such operator(s) to agree in writing to be
bound by and comply with all the terms and conditions, including the limitations, applicable to such warranties. 
 2.4.2 Any warranties set
forth herein shall not be transferable to a third party, merging company or an acquiring entity of Customer. 
 2.4.3 In the event
Customer is merged with, or acquired by, another aircraft operator which has a general terms agreement with CFM, the Warranties as set forth herein shall apply to the Engines, Modules, and Parts. 

  

			
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	BOEING PROPRIETARY

 2.5 New Engine Warranty. 

2.5.1 CFM warrants each new Engine and Module against Failure for the initial 3000 Flight Hours as follows: 

 

	 	(i)	Parts Credit Allowance will be granted for any Failed Parts. 

  

	 	(ii)	Labor Allowance for disassembly, reassembly, test and Parts repair of any new Engine Part will be granted for replacement of Failed Parts. 

 

	 	(iii)	Such Parts Credit Allowance and Labor Allowance will be: One hundred percent (100%) from new to two thousand five hundred (2,500) Flight Hours and decreasing pro rata from one hundred percent (100%) at two thousand five
hundred (2,500) Flight Hours to zero percent (0%) at three thousand (3,000) Flight Hours. 

 2.5.2 As an alternative to the
above allowances, CFM shall, upon request of Customer: 
  

	 	(i)	Arrange to have the failed Engines and Modules repaired, as appropriate, at a facility designated by CFM at no charge to Customer for the first at two thousand five hundred (2,500) Flight Hours and at a charge to
Customer increasing pro rata from zero percent (0%) of CFM’s repair cost at two thousand five hundred (2,500) Flight Hours to one hundred percent (100%) of such CFM repair costs at three thousand (3,000) Flight Hours. 

 

	 	(ii)	Transportation to and from the designated facility shall be at Customer’s expense. 

 2.6
New Parts Warranty. In addition to the warranty granted for new Engines and new Modules, CFM warrants Engine and Module Parts as follows: 

2.6.1 During the first one thousand (1,000) Flight Hours for such Parts and Expendable Parts, CFM will grant one hundred percent (100%) Parts
Credit Allowance or Labor Allowance for repair labor for failed Parts. 
 2.6.2 CFM will grant a pro rata Parts Credit Allowance for Scrapped
Parts decreasing from one hundred percent (100%) at one thousand (1,000) Flight Hours Part Time to zero percent (0%) at the applicable hours designated in Table 1. 

2.7 Ultimate Life Warranty. 

2.7.1 CFM warrants Ultimate Life limits on the following Parts: 
  

	 	(i)	Fan and Compressor Disks/Drums 

  

	 	(ii)	Fan and Compressor Shafts 

  

	 	(iii)	Compressor Discharge Pressure Seal (CDP) 

  

	 	(iv)	Turbine Disks 

  

			
	COP-PA-03774-EXEE1	  	Page 4
	
	BOEING PROPRIETARY

	 	(v)	HPT Forward and Stub Shaft 

  

	 	(vi)	LPT Driving Cone 

  

	 	(vii)	LPT Shaft and Stub Shaft 

 2.7.2 CFM will grant a pro rata Parts Credit Allowance decreasing
from one hundred percent (100%) when new to zero percent at twenty-five thousand (25,000) Flight Hours or fifteen thousand (15,000) Flight Cycles, whichever comes earlier. Credit will be granted only when such
Parts are permanently removed from service by a CFM or a U.S. and/or French Government imposed Ultimate Life limitation of less than twenty-five thousand (25,000) Flight Hours or fifteen
thousand (15,000) Flight Cycles. 
 2.8 Campaign Change Warranty. 

2.8.1 A campaign change will be declared by CFM when a new Part design introduction, Part modification, Part Inspection, or premature
replacement of an Engine or Module is required by a mandatory time compliance CFM Service Bulletin or FAA Airworthiness Directive. Campaign change may also be declared for CFM Service Bulletins requesting new Part introduction no later than the next
Engine or Module shop visit. CFM will grant following Parts Credit Allowances: 
 Engines and Modules 

 

	 	(i)	One hundred percent (100%) for Parts in inventory or removed from service when new or with two thousand five hundred (2,500) Flight Hours or less total Part Time. 

 

	 	(ii)	Fifty percent (50%) for Parts in inventory or removed from service with over two thousand five hundred (2,500) Flight Hours since new, regardless of warranty status. 

2.8.2 Labor Allowance - CFM will grant one hundred percent (100%) Labor Allowance for disassembly,
reassembly, modification, testing, or Inspection of CFM supplied Engines, Modules, or Parts therefore when such action is required to comply with a mandatory time compliance CFM Service Bulletin or FAA Airworthiness Directive. A Labor Allowance will
be granted by CFM for other CFM issued Service Bulletins if so specified in such Service Bulletins. 
 2.8.3 Life Controlled Rotating Parts
retired by Ultimate Life limits including FAA and/or EASA Airworthiness Directive, are excluded from Campaign Change Warranty. 
 2.9
Limitations. THE PROVISIONS SET FORTH HEREIN ARE EXCLUSIVE AND ARE IN LIEU OF ALL OTHER WARRANTIES WHETHER WRITTEN, ORAL OR IMPLIED. THERE ARE NO IMPLIED WARRANTIES OF FITNESS OR MERCHANTABILITY. SAID PROVISIONS SET FORTH THE MAXIMUM
LIABILITY OF 

  

			
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	BOEING PROPRIETARY

 
CFM WITH RESPECT TO CLAIMS OF ANY KIND, INCLUDING NEGLIGENCE, ARISING OUT OF MANUFACTURE, SALE, POSSESSION, USE OR HANDLING OF THE PRODUCTS OR PARTS THEREOF OR THEREFORE, AND IN NO EVENT SHALL
CFM’S LIABILITY TO CUSTOMER EXCEED THE PURCHASE PRICE OF THE PRODUCT GIVING RISE TO CUSTOMER’S CLAIM OR INCLUDE INCIDENTAL OR CONSEQUENTIAL DAMAGES. 

2.10 Indemnity and Contribution. 

2.10.1 IN THE EVENT CUSTOMER ASSERTS A CLAIM AGAINST A THIRD PARTY FOR DAMAGES OF THE TYPE LIMITED OR EXCLUDED IN LIMITATIONS, PARAGRAPH 2.9.
ABOVE, CUSTOMER SHALL INDEMNIFY AND HOLD CFM HARMLESS FROM AND AGAINST ANY CLAIM BY OR LIABILITY TO SUCH THIRD PARTY FOR CONTRIBUTION OR INDEMNITY, INCLUDING COSTS AND EXPENSES (INCLUDING ATTORNEYS’ FEES) INCIDENT THERETO OR INCIDENT TO
ESTABLISHING SUCCESSFULLY THE RIGHT TO INDEMNIFICATION UNDER THIS PROVISION. THIS INDEMNITY SHALL APPLY WHETHER OR NOT SUCH DAMAGES WERE OCCASIONED IN WHOLE OR IN PART BY THE FAULT OR NEGLIGENCE OF CFM, WHETHER ACTIVE, PASSIVE OR IMPUTED. 

2.10.2 CUSTOMER SHALL INDEMNIFY AND HOLD CFM HARMLESS FROM ANY DAMAGE, LOSS, CLAIM, AND LIABILITY OF ANY KIND (INCLUDING EXPENSES OF LITIGATION
AND ATTORNEYS’ FEES) FOR PHYSICAL INJURY TO OR DEATH OF ANY PERSON, OR FOR PROPERTY DAMAGE OF ANY TYPE, ARISING OUT OF THE ALLEGED DEFECTIVE NATURE OF ANY PRODUCT OR SERVICE FURNISHED UNDER THIS AGREEMENT, TO THE EXTENT THAT THE PAYMENTS MADE
OR REQUIRED TO BE MADE BY CFM EXCEED ITS ALLOCATED SHARE OF THE TOTAL FAULT OR LEGAL RESPONSIBILITY OF ALL PERSONS ALLEGED TO HAVE CAUSED SUCH DAMAGE, LOSS, CLAIM, OR LIABILITY BECAUSE OF A LIMITATION OF LIABILITY ASSERTED BY CUSTOMER OR BECAUSE
CUSTOMER DID NOT APPEAR IN AN ACTION BROUGHT AGAINST CFM. CUSTOMER’S OBLIGATION TO INDEMNIFY CFM HEREUNDER SHALL BE APPLICABLE AT SUCH TIME AS CFM IS REQUIRED TO MAKE PAYMENT PURSUANT TO A FINAL JUDGEMENT IN AN ACTION OR PROCEEDING IN WHICH CFM
WAS A PARTY, PERSONALLY APPEARED, AND HAD THE OPPORTUNITY TO DEFEND ITSELF. THIS INDEMNITY SHALL APPLY WHETHER OR NOT CUSTOMER’S LIABILITY IS OTHERWISE LIMITED. 

  

			
	COP-PA-03774-EXEE1	  	Page 6
	
	BOEING PROPRIETARY

 SERVICE LIFE POLICY COMPONENTS 

between 
 THE BOEING
COMPANY 
 and 

COPA HOLDINGS S.A. 

Supplemental Exhibit SLP1 

to Purchase Agreement Number PA-03774 

  

			
		  	Page 1
	
	BOEING PROPRIETARY

 SERVICE LIFE POLICY COMPONENTS 

relating to 
 BOEING
MODEL 737 MAX 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-03774. 

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)	Trailing edge flap tracks and carriages. 

  

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

  

			
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	 	(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, bulkheads, and gear support structure. 

  

	 	(v)	Main gear wheel well structure including pressure deck 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, rear and auxiliary spar chords, webs and stiffeners and attachment fittings. 

  

	 	(iii)	Inspar ribs. 

  

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

  

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

  

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

  

			
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 4. Horizontal Stabilizer. 
  

	 	(i)	External skins between front and rear spars. 

  

	 	(ii)	Front and rear spar chords, webs and stiffeners. 

  

	 	(iii)	Inspar ribs. 

  

	 	(iv)	Stabilizer center section including hinge 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. 

 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 and including the engine-mounted support fittings. 

6. Main Landing Gear. 
  

	 	(i)	Outer cylinder. 

  

	 	(ii)	Inner cylinder, including axles. 

  

	 	(iii)	Upper and lower side struts, including spindles, universals and reaction links. 

  

	 	(iv)	Drag strut. 

  

	 	(v)	Orifice support tube. 

  

	 	(vi)	Downlock links including spindles and universals. 

  

	 	(vii)	Torsion links. 

  

	 	(viii)	Bell crank. 

  

	 	(ix)	Trunnion link. 

  

	 	(x)	Actuator beam, support link and beam arm. 

  

			
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 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 collars. 

  

	 	(vi)	Torsion links. 

 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

		
	COP-PA-03774-LA-1207593R1	  	
		
	 COPA Holdings S.A.
 Business Park, Torre
Norte
 Urbanizacion Costa del Este
 Apartado 0816-06819
 Panama, Republic of Panama
	  	

  

			
		  	 SA-10

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	BOEING PROPRIETARY

 

 
 Attachment A 

1. Supplier Selection. 
 Customer will:

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

 

					
		  	 	**TBD	 
	 Seats
	  	 	                        	 
	 Galleys/Furnishings
	  	 	                        	 
	 Antennas and Mounting Equipment
	  	 	                        	 
	 Avionics
	  	 	                        	 
	 IFE/CCS
	  	 	                        	 
	 Miscellaneous Emergency Equipment
	  	 	                        	 
	 Textiles/Raw Material
	  	 	                        	 
	 Cargo Systems*(single Aisle Programs only)
	  	 	                        	 
	 Provision Kits (single Aisle Programs only)
	  	 	                        	 
	 Radomes (single Aisle Programs only)
	  	 	                        	 

  

	*	For a new certification, Customer will need to provide Supplier Selections two (2) months earlier than stated above. 

  

			
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