Document:

Exhibit

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (i) NOT MATERIAL AND (ii) WOULD BE LIKELY TO CAUSE COMPETITITVE HARM TO THE COMPANY IF PUBLICLY DISCLOSED. SUCH EXCLUDED INFORMATION IS DENOTED BY ASTERISKS IN BRACKETS [*****].

FIRST AMENDMENT
to
737 PRODUCTION RATE ADJUSTMENT AND OTHER SETTLEMENTS
MEMORANDUM OF AGREEMENT
between
THE BOEING COMPANY
and
SPIRIT AEROSYSTEMS, INC.

This FIRST AMENDMENT to the 737 PRODUCTION RATE ADJUSTMENT AND OTHER SETTLEMENTS MEMORANDUM OF AGREEMENT (“Amendment”) is entered into as of May 5, 2020 (“Effective Date”) by and between The Boeing Company (“Boeing”), a Delaware corporation, and Spirit AeroSystems, Inc. (“Seller”), a Delaware corporation. Boeing and Seller may be referred to herein individually as a “Party” and collectively as the “Parties.”
RECITALS
		
	A.
	The Parties entered into the 737 Production Rate Adjustment and Other Settlements Memorandum of Agreement (“February 2020 MOA”) on February 6, 2020.

		
	B.
	The Parties also wish to amend the February 2020 MOA to modify the 737 Production Rate table, add a credit towards the production [*****] Price, and modify the timing of the Recalculated Pre-Payment Comparison.  

		
	C.
	The Parties wish to memorialize their agreement on these matters in this Amendment to the February 2020 MOA, in accordance with the terms set forth below.

AGREEMENTS
NOW, THEREFORE, in consideration of the mutual covenants set forth herein, the Parties agree as follows:
		
	1.
	Capitalized Terms. Capitalized terms used and not otherwise defined in this Amendment will have the meanings ascribed thereto in SBP MS-65530-0016 ("Sustaining SBP"), GTA BCA-65530-0016 ("Sustaining GTA"), AA-65530-0010 (“Sustaining AA”), SBP MS-65530-0019 (“787 SBP”), GTA BCA-65520-0032 (“787 GTA”), AA-65520-0026 (“787 AA”), Master Program Contract FZ-247827-8901N (“767 MPC”), and February 2020 MOA (collectively, the "Contracts").

		
	2.
	Production Rates.  February 2020 MOA Section 3 is hereby amended and restated, in its entirety, as follows: 

“3. Production Rates. Unless otherwise directed by Boeing, Seller’s production rate for 737 Program Airplane, its Derivatives and the P-8 (“Build Rate”), starting in May 2020 will be as follows:
	
		
	Month(s)
	Seller Build Rate -
Airplanes per Month (“APM”)*

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

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

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

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

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

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

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

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

* [*****]

		
	3.1
	Delivery Point, Title Transfer, and Risk of Loss. Seller is obligated to build Products in support of the Sustaining SBP. Seller’s Build Rate may differ from Boeing’s 737 production rate. Notwithstanding Seller’s different Build Rate, all 737 Products will be delivered F.O.B. carrier’s transport at Seller’s plant. For the purposes of this MOA, the meaning of carrier’s transport, with respect to 737 Products, will be mutually agreed by the Parties given the expectation that some 737 Products may be stored after delivery to the above described F.O.B. point ("Ship in Place”) rather than shipped immediately to Boeing. Products stored as a result of a Ship in Place are referred to herein as “Stored Products”.

		
	a.
	Title to and risk of any loss of or damage to the Products will transfer to Boeing at the above described F.O.B. point, except to the extent loss or damage results from the Seller’s fault or negligence. If requested by Boeing, Seller will store the Products at the locations that Seller is using for such storage as of the Effective Date (“Current Storage Location”).  Seller will be responsible for any incremental costs associated with such Stored Products at Current Storage Location; 

		
	b.
	Seller will provide status and records related to Stored Products. The number of Stored Products will not exceed one hundred and sixty (160) Shipsets. The number of Stored Products will not be fewer than eighteen (18) Shipsets, unless otherwise directed by Boeing; and 

		
	c.
	Seller will support efforts to optimize the location of the Stored Products to minimize Boeing’s insurance risks. If the Parties mutually agree on another location for Stored Products, then the Parties will also mutually agree on i) all associated incremental costs, and ii) how such costs will be allocated between the Parties.

		
	3.2
	Fourteen Shipsets. Notwithstanding the Build Rates set forth in the above table, in February 2020, Seller will Ship in Place up to fourteen (14) completed 737 Shipsets (“February Shipsets”).  The Price for the February Shipsets is stated in Section 4.6.

		
	3.3
	Work on Stored Products.

		
	a.
	Rework.  If Stored Products require rework due to the fault of Seller, then Seller will perform the rework without additional cost to Boeing while Seller is storing the Stored Products. If the Parties determine it is not feasible to perform the rework while the Seller is storing the Stored Product given reasonably available time, materials, tooling, equipment, and labor, then the Parties will coordinate and determine where, when, and how the rework will be performed pursuant to the applicable provisions of the Sustaining SBP and Sustaining GTA; and

		
	b.
	Changes. The Parties will utilize the existing Change incorporation process within the Sustaining SBP for Changes to the Stored Products. Seller is obligated to complete all directed Changes to Stored Products, with no additional cost to Boeing arising from the fact that such 737 Products are Stored Products.”

		
	3.
	Recalculated Pre-Payment. The Pre-Payment was an estimate [*****] that would have been due given the projected build rate in the February 2020 MOA, as illustrated in Attachment A of the February 2020 MOA. February 2020 MOA Sub-Section 4.4 is hereby amended and restated, in its entirety, as follows:

“4.4 Within sixty calendar (60) days following the U.S. Federal Aviation Administration 737 MAX ungrounding, the Parties will recalculate the Pre-Payment (“Recalculated Pre-Payment”) by using the i) planned Build Rate, ii) the planned quantity of each minor model defined in the latest F.O.B. master schedule, and iii) minor model pricing assumptions stated in Attachment A. 
		
	a.
	The Parties agree that Seller will provide Boeing thirty million U.S. dollars ($30,000,000) in credit [*****] that apply to Products produced in 2021 (“Credit”).  

		
	b.
	The Parties will compare the Pre-Payment to the Recalculated Pre-Payment (“Comparison”). If the Comparison identifies a gap, either over or under the Pre-Payment amount, then the respective Party will make any such payment to address the gap, no later than one hundred and twenty (120) calendar days following the 737 MAX ungrounding. If Boeing owes Seller 

a Comparison payment, then the Credit shall be utilized first for the Comparison payment, with any remaining balance paid by Boeing. For example, if the Comparison identifies a sixty-six million U.S. dollar ($66,000,000) gap owed to Seller, then the thirty million U.S. dollars ($30,000,000) Credit will be applied and Boeing would pay Seller the thirty-six million U.S. dollars ($36,000,000) delta. If the Comparison does not require the entire Credit to be used, then any such Credit balance shall be used toward Section 4.5.a.”
		
	4.
	Recalculated Pre-Payment Comparison. February 2020 MOA Sub-Section 4.5 is hereby amended and restated, in its entirety, as follows:  

“4.5 Furthermore, once Boeing provides a CCN that incorporates a master schedule with quantities of [*****] APM, or on June 30, 2022, whichever occurs sooner, the Parties will calculate any difference between the Recalculated Pre-Payment amount to what would have been due for the actual Product Price by using i) actual Build Rate, ii) the actual quantity of each minor model delivered to Boeing, and iii) the minor model pricing assumptions stated in Attachment A. 
		
	a.
	The Parties will compare this actual value to the Recalculated Pre-Payment (“Recalculated Pre-Payment Comparison”). If the Recalculated Pre-Payment Comparison identifies a gap, either over or under the Recalculated Pre-Payment amount, then the respective Party will make any such payment to address the gap, no later than August 31, 2022. If Boeing owes Seller a Recalculated Pre-Payment Comparison payment, then any remaining balance of the Credit will be applied toward the Recalculated Pre-Payment Comparison payment.” 

		
	5.
	[*****] Production Stabilization. February 2020 MOA Sub-Section 6.1.b. is hereby amended and restated, in its entirety, as follows:  

“b. The [*****] Advance includes sixty million U.S. dollars ($60,000,000) for production stabilization efforts throughout 2020 (“Production Stabilization Fee”).”
		
	6.
	Amendments. The Parties will execute amendments to the Contracts to incorporate the February 2020 MOA and this Amendment thereto, including without limitation any Bonded Stores Agreement, as required, on or before sixty calendar (60) days following the 737 MAX U.S. Federal Aviation Administration ungrounding. 

		
	7.
	Complete Agreement. This Amendment constitutes a binding agreement between the Parties with respect to the subject matter set forth herein and supersedes all previous agreements between the Parties relating thereto, whether written or oral. The Parties agree to have further conversations if Boeing makes revisions to its currently planned production scenario. Except as otherwise amended by this Amendment, the February 2020 MOA remains in full force and effect.  

		
	8.
	Governing Law and Jurisdiction. This Amendment is governed by the laws of the state of Washington, exclusive of Washington's conflict of laws principles.  This Amendment excludes the application of the 1980 United Nations Convention on Contracts for the International Sale of Goods. Boeing and Seller hereby irrevocably consent to and submit themselves exclusively to the jurisdiction of the applicable courts of King County, Washington and the federal courts of Washington State for the purpose of any suit, action or other judicial proceeding arising out of or connected with this Amendment. Boeing and Seller hereby waive and agree not to assert by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that (a) Boeing and Seller are not personally subject to the jurisdiction of the above-named courts, (b) the suit, action or proceeding is brought in an inconvenient forum or (c) the venue of the suit, action or proceeding is improper.

		
	9.
	Confidential Treatment. The information contained herein is confidential business information. The Parties will limit the disclosure of this Amendment’s contents to employees with a need to know and who understand that they are not to disclose its contents to any other person or entity without the prior written consent of the other Party. Notwithstanding the above, the Parties may file this Amendment with the SEC, if legally required to do so but must give the other Party twenty-four (24) hours advance notice and will omit confidential information as permitted by applicable law as appropriate after providing such Party the opportunity to provide comments. Nothing in this section will prevent either Party from making reasonable disclosures during the course of its earnings calls.

		
	10.
	Interpretation. Each Party has had the opportunity to draft, review, and edit this Amendment. Accordingly, no presumption for or against either Party arising out of drafting all or any part of this

 Amendment will be applied in any action relating to or arising from this Amendment; and the Parties hereby waive the benefit of any statute or common law rule providing that in cases of uncertainty language of a contract should be interpreted against the Party who caused the uncertainty to exist.

EXECUTED as of the Effective Date by the duly authorized representatives of the Parties.

THE BOEING COMPANY                SPIRIT AEROSYSTEMS, INC.
By:     /s/Ashley A. Klotz_____            By:    /s/Brenda R. Mesker __    
Name:    Ashley A. Klotz_______            Name:     Brenda R. Mesker____    
Title:    Manager, SC Contracts                 Title:    Vice President_______    
Date:     May 5, 2020_________            Date:     May 5, 2020_________Exhibit

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (i) NOT MATERIAL AND (ii) WOULD BE LIKELY TO CAUSE COMPETITITVE HARM TO THE COMPANY IF PUBLICLY DISCLOSED. SUCH EXCLUDED INFORMATION IS DENOTED BY ASTERISKS IN BRACKETS [*****].

AMENDMENT 47

TO

SPECIAL BUSINESS PROVISIONS (SBP) MS-65530-0016

BETWEEN

THE BOEING COMPANY

AND

SPIRIT AEROSYSTEMS, INC.

This Amendment 47 (“Amendment”) to Special Business Provisions MS-65530-0016 is entered into, as of the date of the last signature below, between The Boeing Company, a Delaware Corporation ("Boeing"), and SPIRIT AEROSYSTEMS, INC, a Delaware Corporation with its principal office in Wichita, Kansas (“Seller”). Boeing and Seller sometimes are referred to herein individually as a “Party” and collectively as the “Parties.”

RECITALS

		
	A.  
	The Parties entered into Special Business Provisions MS-65530-0016, dated June 16, 2005, (the “SBP”) and the General Terms Agreement BCA-65530-0016, dated June 16, 2005, (the “GTA”), and including any amendments to the SBP and GTA (collectively the “Sustaining Agreement”).

		
	B. 
	The most recent amendment to the SBP is Amendment 45, entered into on October 10, 2019.

		
	C. 
	Boeing and Seller wish to modify the 777 discount payment schedule and certain 737 Rate [*****] Non-Recurring language, as specified herein.

		
	D. 
	The Parties wish to memorialize their agreement on these matters in this Amendment to the SBP, in accordance with the terms set forth below.

Amendment No. 47                1            Spirit Aerosystems Inc.

AGREEMENTS

NOW THEREFORE, the Parties agree as follows:

		
	1.
	The list of “AMENDMENTS” within the Sustaining SBP is hereby deleted and replaced in its entirety as follows:

“AMENDMENTS

	
					
	 	Amendment Number
	Description
	Date
	Approval

	 
	 	1
	Revise Company name from Mid-Western Aircraft Systems Incorporated to Spirit AeroSystems throughout document. Update attachments 1, 2, 4, 14 and 16.
	2/23/2006
	H. McCormick

	 	R. Stone

	 	2
	Incorporate CCNs as listed in Amendment 2, Attachment A, includes addition of new section 12.19, modification to sections 3.4.9, 12.16 and 32.0. Updates to attachments 1, 2, 6, 7, 15, 16, 19 and 20.
	4/11/2007
	H. McCormick

	 	J. Edwards

	 	3
	Incorporate CCNs as listed in Amendment 3, Attachment A. Updates to attachments 1, 2, 7, 14, 15, 16 and 22.
	11/28/2007
	H. McCormick

	 	J. Edwards

	 	4
	Incorporate CCNs as listed in Amendment 4, Attachment A. Updates to Attachments 1, 2, 7, 14, 15, 16. Incorporate Attachment 1A per CCN 508, 1328.
	7/8/2008
	S.Hu

	 	W. Wallace

	 	5
	Incorporate CCNs as listed in Amendment 5, Attachment A, includes addition of new section 12.3.1.1 Updates to Attachments 1, 2, 7, 14, 15, 16, 20.
	6/22/2009
	S. Hu

	 	R. Stone

	 	6
	Incorporate CCNs as listed in Amendment 6, Attachment A. Updates to Attachments 1, 2, 4, 7, 9, 10, 14, and 16. Incorporate Attachment 9 per CCN 2385.
	11/23/2010
	S. Hu

	 	M. Milan

	 	7
	Incorporate CCNs as listed in Amendment 7, Attachment A, includes addition of new section 12.13.3.1. Updates to Attachments 1, 2, 4, 7, 9, 14, and 16. Incorporate Attachment 1B per CCN 4212 and Attachment 23 per the 767-2C MOA.
	7/28/2011
	S. Hu

	 	M. Milan

	 	8
	Incorporate CCNs as listed in Amendment 8, Attachment A, includes revisions to section 7.9 and 12.13.1.1. Updates to Attachments 1, 2, 4, 7, 9, 14, 15, and 16.
	8/16/2013
	C. Howell

	 	M. Milan

	 	9
	Incorporate Attachment 25 - 737 Max Titanium Inner Wall Agreement.
	9/4/2014
	E. Flagel

	 	M. Milan

	 	10
	Incorporate Attachment 26-737 Derailment.
	9/26/2014
	B. Folden

	 	R. Ast

	 	11
	Incorporate Attachment 27 -737-MAX Non-Recurring Agreement, and Attachment 28 737/747/767/777 Pricing Agreement. Updates Section 4.1 Attachment 4, Section B.1, Attachments 9 and 15.
	3/10/2015
	C. Howell

	 	R. Ast

	 	12
	Delete and replace Attachment 25, Section 3.0.
	4/9/2015
	K. Drawsky

	 	R. Ast

	 	13
	Incorporate CCNs as listed in Amendment 13, Attachment A. Updates to Attachments 1, 2, 7, 9, 14, and 16.
	1/4/2016
	L. Taylor

	 	K. Leyba

Amendment No. 47                2            Spirit Aerosystems Inc.

	
				
	14
	Incorporate Attachment 25, Addendum 1.
	4/21/2015
	D. Blaylock

	R. Grant

	15
	NULL
	NULL
	NULL

	16
	NULL
	NULL
	NULL

	17
	Incorporate Attachment 29 - 777X Non-Recurring Agreement.
	12/23/2015
	A. Lucker

	E. Bauer

	18
	NULL
	NULL
	NULL

	19
	NULL
	NULL
	NULL

	20
	737 MAX Inner Wall.
	12/17/2015
	S. Garcia
Deleone

	J. Reed

	21
	Revisions to Attachment 27. 737 MAX Non-Recurring Agreement.
	5/9/2016
	D. Blaylock

	R. Grant

	22
	737 Max Composite Inner Wall Line Movement.
	11/2/2016
	D. Blaylock

	E. Bossler

	23
	737 MAX 9 INITIAL and CIW Line [*****] Tooling Incentive Agreement.
	12/16/2016
	D. Blaylock

	E. Bossler

	24
	Incorporate CCNs as listed in Amendment 23, Attachment A. Updates to Attachments 1,2,7,9, and 14.
	12/20/2016
	L. Taylor

	K. Leyba

	25
	Revisions to Attachment 27, 737 MAX Non-Recurring.
	3/16/2017
	D. Blaylock

	E. Bossler

	26
	Revisions to Attachment 27, 737 MAX Non-Recurring Agreement.
	3/23/2017
	D. Blaylock

	E. Bossler

	27
	Incorporate Attachment 30, “737 NG / MAX Vapor Barrier Agreement”, updates to Attachment 1 and 9.
	3/31/2017
	B. Edwards

	K. Clark

	28
	Revisions to Attachment 29, 777X NRE Agreement.
	6/22/2017
	K. O’Connell

	C. Green

	29
	Revisions to Attachment 27, 737 MAX Non-Recurring Agreement.
	7/20/2017
	D. Blaylock

	E. Bossler

	30
	Delete and Replace SBP Sections 4.1, 4.1.1, 5.1.1, 5.2.1, 7.2, 8.0, 12.11, and 12.13.1.1 and SBP Attachments 1, 1B, 10 Section A10.2.10, 15, 16, 22, 27, and 29. Delete and Reserve SBP Attachments 1C, 20, and 28. Incorporate SBP Attachment 1D and 31.
	9/22/2017
	B. Edwards

	W. Wilson

	31
	Revisions to Attachment 27, 737-8 Rate Tooling Incentive Agreement.
	10/18/2017
	D. Blaylock

	E. Bossler

	32
	Revisions to Attachment 27, 737 MAX Non-Recurring Agreement.
	11/15/2017
	D. Blaylock

	E. Bossler

	33
	Revisions to Attachment 27, 737 MAX Non-Recurring Agreement.
	11/30/2017
	D. Blaylock

	E. Bossler

	34
	Revisions to Attachment 27, 737-10 Non-Recurring Non-Tooling.
	2/23/2018
	D. Blaylock

	E. Bossler

Amendment No. 47                3            Spirit Aerosystems Inc.

	
				
	35
	Revisions to Attachment 27, 737-9 Rate Tooling [*****].
	4/18/2018
	D. Blaylock

	J. O'Crowley

	36
	Revisions to Attachment 27, 737-10 Wing NRE.
	6/20/2018
	D. Blaylock

	E. Bossler

	37
	Incorporation of new Sections: 3.3.4.10 767 One Piece SOW Tooling, 3.3.7 767 One Piece SOW Non Recurring Pricing, 3.4.2.2 Delivery Point and Schedule for 767 One Piece SOW and 3.8 767 One Piece Statement of Work Special Provisions. Updates to Sections 7.1, Attachment 1 and 9.
	8/17/2018
	H. Langowski

	R. Grant

	38
	Revisions to Attachment 27, 737 MAX BBJ8, BBJ7, and 737-10 SOW
	11/1/2018
	T. Willis

	E. Bossler

	39
	4.1.1 is altered.  A new section 4.7 is added. Attachment 1 (excluding the Exhibits) is deleted and replaced in its entirety.  A new Attachment 32 “737 Value Engineering Cost Sharing” is added. Attachment 1 Exhibits B, B.1, B.2, C, C.1, C.2, D, D.1, D.2, E.1, E.2, F, F.1, and F.2 are deleted and replaced in their entirety. A new Attachment 1 Exhibit C.3 is added. Attachment 1B is deleted in its entirety.
	11/2/2018
	K. Shipley

	E. Bossler

	40
	SBP Section 4.7 is deleted and replaced in its entirety.
SBP Section 7.2 is deleted and replaced in its entirety.
A new SBP Section 7.5.3 is added.
SBP Attachment 1 (including Exhibits B, B.1, B,2, D, D.1, D.2, F, F.1, F.2, and G) is deleted and replaced in its entirety. 
SBP Attachment 1B is added and marked “Reserved”.
SBP Attachment 15 is deleted and replaced in its entirety.
SBP Attachment 16 (including its Exhibit) is deleted and replaced in its entirety. 
SBP Attachment 31 is deleted, replaced in its entirety, and marked “Reserved”. 
SBP Attachment 32 (including its Exhibit A) is deleted and replaced in its entirety.

All of the above is accordance with the agreements as set forth in the Collective Resolution 2.0 Memorandum of Agreement (the “CR 2.0 MOA”), dated December 21, 2018
Concurrently with the CR 2.0 MOA, the Parties also executed that certain Settlement and Release Agreement, dated December 21, 2018, pertaining to the release and settlement of warranty and various other claims
	1/29/2019
	T. McGuigan

	E. Bossler

	41
	Revisions to Attachment 29 777-9 Rate Tooling
	3/27/2019
	R. Velau
D. Currie

	42
	Reserved
	TBD
	TBD
TBD

	43
	Revisions to Attachment 1 Product Pricing
	5/22/2019
	K. Doolin
R. Grant

Amendment No. 47                4            Spirit Aerosystems Inc.

	
				
	44
	Section 12.13.2 is deleted and replaced in its entirety
	7/19/2019
	B. Nix
E. Bossler

	45
	Delete and Replace:
-Section 6.3.8.b
-Attachment 1, Exhibits D.1 and E.2
	10/10/2019
	K. Doolin
R. Grant

	46
	Section 24.0 deleted and replaced
Section 24.1 incorporated
	10/3/2019
	K. Doolin
E. Bossler

	47
	SBP Attachment 1 Section 7.b) is deleted and replaced in its entirety
SBP Attachment 1 Section 8.c) is deleted and replaced in its entirety
	5/5/2020
	A. Klotz
L. Hampton

"

Amendment No. 47                5            Spirit Aerosystems Inc.

		
	2.
	777 Discount for 777 300ER, 200LR, and 200F Aircraft. SBP Attachment 1 Section 7.b) is amended and restated, in its entirety, as follows:

“b)     777 Discount for 777 300ER, 200LR, and 200F Aircraft.
To assist Boeing in its marketing and sales opportunities for units unsold as of [*****], Seller agreed to provide a discount of [*****] on each of Boeing’s unsold 777 300ER, 200LR, and 200F aircraft to be built and delivered by Seller to Boeing with the aggregate discount not to exceed [*****]. The Parties agree Boeing will be paid the full discount value of [*****], of which Seller has already paid to Boeing [*****] as of [*****]. The remaining unpaid balance due to Boeing is [*****] and will be paid by [*****]. For the purpose of administrative convenience, the discounts shall be paid by Seller in increments as defined below:
[*****] to be paid on or about [*****]
[*****] to be paid on or about [*****]
[*****] to be paid on or about [*****]
[*****] to be paid on or about [*****]
[*****] to be paid on or about [*****]
[*****] to be paid on or about [*****]
[*****] to be paid on or about [*****]
[*****] to be paid on or about [*****]”

		
	3.
	Non-Recurring Pricing. SBP Attachment 1 Section 8.c) is amended to add the bold text and restated, in its entirety, as follows:

“c)    Boeing agrees to pay Seller a fixed sum of $[*****] to support     737 rate [*****] APM tooling, capital, and equipment expenditures,     which the Parties agree includes 737-8 rate tooling** (only from     rate [*****] up to and including [*****]), 737 CIW rate tooling** (only from     rate [*****] up to and including [*****]), and 737-7 (7150) rate tooling**     (only from rate [*****] up to and including [*****]). Payments shall be made as     follows, measured from the date Boeing directs Seller in writing to     go to rate [*****], in accordance with SBP Section 7.5.3 (the “[*****]    Letter”): 
		
	•
	$[*****] *** paid no later than [*****] days following the [*****] Letter

		
	•
	$[*****] *** paid no later than [*****] days following the [*****] Letter

		
	•
	$[*****] *** paid no later than [*****] days following the [*****] Letter

		
	•
	$[*****] *** paid no later than [*****] days following the [*****] Letter

		
	•
	$[*****] *** paid no later than [*****] days following the [*****] Letter

		
	•
	$[*****] *** paid no later than [*****] days following the [*****] Letter

Amendment No. 47                6            Spirit Aerosystems Inc.

		
	•
	$[*****] *** paid no later than [*****] days following the [*****] Letter

		
	•
	$[*****] *** paid no later than [*****] days following the [*****] Letter

    

** Based on SBP Attachment 15 “Maximum Production Rate and Model Mix Constraint Matrix” as of the Effective Date of SBP Amendment 40.

*** These payments may be reduced to account for any payments made by Boeing to Seller for long-lead items associated with rate [*****]. Commencing in [*****], Seller will request authority to proceed (ATP) for appropriate amounts for long-lead items to protect the [*****] Shipsets rate. Upon approval, Boeing will issue the ATP(s) and Boeing will pay appropriate amounts for such long-lead items. To the extent Boeing does not direct Seller to implement rate [*****], Boeing reserves the right to reconvene with Seller at a future date to address any ATP payments paid to Seller that were in support of long-lead items.
		
	i.
	Boeing shall issue purchase orders no later than [*****] prior to the above dates in this Section 8.c). 

		
	a.
	After the [*****] Letter is provided by Boeing to Seller, the Parties will amend this Section with actual calendar dates. 

		
	ii.
	Seller will submit CTLs for rate [*****] Tooling. The above payments (including payments for long-lead items) in this Section 8.c) are not contingent upon CTL submittal by Seller or CTL approval by Boeing.  Seller will determine the allocation of the [*****]  between capital equipment and tooling for rate [*****] APM, and provide it to Boeing within [*****] days of the [*****] Letter.

		
	iii.
	Payment will be made by Boeing to Seller in accordance with SBP Section 5.2.1. Upon completion of all CTLs, Seller will notify Boeing that all CTLs have been submitted.

SBP Attachment 1 Exhibit G identifies the rate tooling settlements that are and are not included within the $[*****]  fixed sum payment set forth in this Section 8.c). For the avoidance of doubt, SBP Attachment 27 does not apply to the $[*****] fixed sum payment set forth in this Section 8.c).”

Amendment No. 47                7            Spirit Aerosystems Inc.

		
	4.
	This Amendment constitutes the complete and exclusive agreement between the Parties with respect to the subject matter hereof and cancels and supersedes all previous agreements between the Parties relating thereto, whether written or oral.  

		
	5.
	This Amendment shall be governed by the internal laws of the State of Washington without reference to any rules governing conflict of laws.

EXECUTED in duplicate as of the last date set forth below by the duly authorized representatives of the Parties. 

THE BOEING COMPANY                 SPIRIT AEROSYSTEMS INC.
BOEING COMMERCIAL AIRPLANES

Signature:  /s/Ashley A. Klotz_______    Signature: /s/Leanna Hampton   

Printed Name:  Ashley A. Klotz _____    Printed Name: Leanna Hampton          

Title:  Manager, SC Contracts ______    Title:  Senior Manager, Contracts        

Date:  May 5, 2020_______________    Date:  May 5, 2020                                  

Amendment No. 47                8            Spirit Aerosystems Inc.

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