EX-4.15 17 d128959dex415.htm EX-4.15

EXHIBIT 4.15

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT

BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE THAT THE REGISTRANT

TREATS AS PRIVATE OR CONFIDENTIAL

Supplemental Agreement No. 12

to

Purchase Agreement No. 2191

between

The Boeing Company

and

COPA Holdings, S.A., Inc. Relating to

Boeing Model 737 Aircraft

THIS SUPPLEMENTAL AGREEMENT entered into as of Feb 26, 2007 by and between THE BOEING COMPANY, a Delaware corporation with its principal office in Seattle, Washington, (Boeing) and COPA HOLDINGS, S.A., INC. (Customer);

WHEREAS, the parties hereto entered into Purchase Agreement No. 2191 dated November 25, 1998 (the Agreement), as amended and supplemented, relating to Boeing Model 737-7V3 and 737-8V3 aircraft (the Aircraft); and

WHEREAS, Customer and Boeing have come to agreement on the **Material Redacted** and

WHEREAS, Boeing and Buyer have mutually agreed to amend the Agreement to incorporate the effect of these and certain other changes;

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree to amend the Agreement as follows:

| 1.1. | Table of Contents and Tables:

| 1.2. | Remove and replace, in its entirety the “Table of Contents”, with the “Table of Contents” attached hereto and hereby made a part of the Agreement, to reflect the changes made by this Supplemental Agreement.

| 1.3. | Table 1-4 entitled “Aircraft Information Table for Model 737- 7V3 Aircraft ” is attached hereto to reflect the deletion of the May 2008 737-7V3 aircraft from this table.

| 1.4. | Table 1-5 entitled “Aircraft Information Table for Model 737- 8V3 Aircraft ” is attached hereto to reflect the addition of the May 2008 737-8V3 aircraft to this table.

The Purchase Agreement will be deemed to be supplemented to the extent herein provided as of the date hereof and as so supplemented will continue in full force and effect.

PA No. 2191 |  | Page 1 |  | SA No. 12

Boeing and Customer have each caused this Supplemental Agreement to be duly executed as of the day and year first written above.

|  | THE BOEING COMPANY |  |  |  |  |  | COPA HOLDINGS, S.A.
|  | **Material Redacted** |  |  |  |  |  |
By: |  |  |  |  |  | By: |  |
Its: |  | Attorney-In-Fact |  |  |  | Its: |  | Chief Executive Officer

PA No. 2191 |  | Page 2 |  | SA No. 12

TABLE OF CONTENTS

ARTICLES |  |  | SA NUMBER |
1. |  | Quantity, Model and Description |  |  | SA 3 |
2. |  | Delivery Schedule |  |  |  |
3. |  | Price |  |  |  |
4. |  | Payment |  |  | SA 3 |
5. |  | Miscellaneous |  |  |  |
TABLE |  |  |  |
1-1 |  | Aircraft Information Table for Model 737 - 7V3 Aircraft |  |  | SA 4 |
1-2 |  | Aircraft Information Table for Model 737 - 8V3 Aircraft |  |  | SA 5 |
1-3 |  | Aircraft Information Table for Model 737 - 7V3 Aircraft |  |  | SA 7 |
1-4 |  | Aircraft Information Table for Model 737 - 7V3 Aircraft |  |  | SA 12 |
1-5 |  | Aircraft Information Table for Model 737 - 8V3 Aircraft |  |  | SA 12 |
EXHIBIT |  |  |  |
A-1 |  | Aircraft Configuration for Model 737 - 7V3 Aircraft |  |  | SA 3 |
A-2 |  | Aircraft Configuration for Model 737 - 8V3 Aircraft |  |  | SA 3 |
B. |  | Aircraft Delivery Requirements and Responsibilities |  |  | SA 3 |
SUPPLEMENTAL EXHIBITS |  |  |  |
AE1. |  | Escalation Adjustment Airframe and Optional Features |  |  | SA 10 |
BFE1. |  | BFE Variables |  |  | SA 3 |
CS1. |  | Customer Support Variables |  |  | SA 3 |
EE1. |  | Engine Escalation/Engine Warranty and Patent Indemnity |  |  |  |
SLP1. |  | Service Life Policy Components |  |  |  |

PA No. 2191 |  |  |  | SA No. 12

LETTER AGREEMENTS |  |  |  |
2191-01 |  | Demonstration Flight Waiver |  |  |  |
2191-02 |  | Escalation Sharing |  |  |  |
2191-03 |  | Seller Purchased Equipment |  |  |  |
RESTRICTED LETTER AGREEMENTS |  |  |  |
6-1162-DAN -0123 |  | Performance Guarantees |  |  |  |
6-1162-DAN -0124 |  | Special Matters |  |  |  |
6-1162-DAN -0155 |  | Airframe Escalation Revision |  |  |  |
6-1162-DAN -0156 |  | Year 2000 Ready Software, Hardware and Firmware |  |  |  |
6-1162-DAN -0157 |  | Miscellaneous Matters |  |  |  |
6-1162-MJB-0017 |  | Special Matters |  |  |  |
6-1162-MJB-0030 |  | Special Matters |  |  |  |
6-1162-LAJ-874R |  | Special Matters |  |  | SA 5 |
6-1162-LAJ-874R1 |  | Special Matters |  |  | SA 6 |
6-1162-LAJ-874R2 |  | Special Matters |  |  | SA 7 |
6-1162-LAJ-982 |  | Special Matters |  |  | SA 8 |
6-1162-LAJ-982R3 |  | Special Matters |  |  | SA 11 |
6-1162-RLL-3852 |  | 737-800 Performance Guarantees |  |  | SA 9 |
SUPPLEMENTAL AGREEMENTS |  |  | DATED AS OF: |
Supplemental Agreement No. 1 |  |  | June 29, 2001 |
Supplemental Agreement No. 2 |  |  | December 21, 2001 |
Supplemental Agreement No. 3 |  |  | June 14, 2002 |
Supplemental Agreement No. 4 |  |  | December 20, 1002 |
Supplemental Agreement No. 5 |  |  | October 31, 2003 |
Supplemental Agreement No. 6 |  |  | September 9, 2004 |
Supplemental Agreement No. 7 |  |  | December 9, 2004 |
Supplemental Agreement No. 8 |  |  | April 15, 2005 |
Supplemental Agreement No. 9 |  |  | March 16, 2006 |
Supplemental Agreement No. 10 |  |  | May 8, 2006 |
Supplemental Agreement No. 11 |  |  | August 30 , 2006 |
Supplemental Agreement No. 12 |  |  | , 2007 |

PA No. 2191 |  |  |  | SA No. 12

Table 1-4

Aircraft Information Table for Model 737-7V3 Aircraft

Aircraft Delivery, Description, Price and Advance Payments

Airframe Model/MTOW: |  |  | 737-700 |  |  | 154,500
Engine Model: |  |  | CFM56 -7B22 |  |  |
Airframe Price: |  |  |  |  |  | **Material Redacted**
Optional Features: |  |  |  |  |  | **Material Redacted**
Sub-Total of Airframe and Features: |  |  | **Material Redacted**
Engine Price (Per Aircraft): |  |  | **Material Redacted**
Aircraft Basic Price (Excluding BFE/SPE): |  |  | **Material Redacted**
Buyer Furnished Equipment (BFE) Estimate: |  |  | **Material Redacted**
Seller Purchased Equipment (SPE) Estimate: |  |  | **Material Redacted**
Refundable Deposit/Aircraft at Proposal Accept: |  |  | **Material Redacted**

Detail Specification: |  | D6-38808-42-1 |  |
|  | (4/30/2004) |  |
Airframe Price Base Year/Escalation Formula: |  | Jul-04 |  | ECI-MFG/CPI
Engine Price Base Year/Escalation Formula: |  | N/A |  | N/A
Airframe Escalation Data: |  |
Base Year Index (ECI): |  | **Material Redacted**
Base Year Index (CPI): |  | **Material Redacted**

Delivery Date |  | Number of Aircraft |  | Escalation Factor (Airframe) |  | Manufacturer Serial Number
**Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
**Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted**

Escalation Estimate Adv Payment Base Price Per A/P |  | Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
| At Signing 1% |  | 24 Mos. 4% |  | 21/18/12/9/6 Mos. 5% |  | Total 30%
**Material |  | **Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
**Material |  | **Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted**

Total: |  |  | 2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

COP — SA 12 |  |  |  |
May 08 — Sub from -700 to a -800 |  | Boeing Proprietary |  | Page 1

Table 1-5

Aircraft Information Table for Model 737-8V3 Aircraft

Delivery, Description, Price and Advance Payments

Airframe Model/MTOW: |  |  | 37-8V3 |  |  | 174,200 pounds
Engine Model/Thrust: |  |  | CFM56 -7B26 |  |  | 26,400 pounds
Airframe Price: |  |  |  |  |  | **Material Redacted**
Optional Features: |  |  |  |  |  | **Material Redacted**
Sub-Total of Airframe and Features: |  |  | **Material Redacted**
Engine Price (Per Aircraft): |  |  | **Material Redacted**
Aircraft Basic Price (Excluding BFE/SPE): |  |  | **Material Redacted**
Buyer Furnished Equipment (BFE) Estimate: |  |  | **Material Redacted**
Seller Purchased Equipment (SPE) Estimate: |  |  | **Material Redacted**
Refundable Deposit/Aircraft at Proposal Accept: |  |  | **Material Redacted**

Detail Specification: |  | D6-38808-1 Rev C, |  |
|  | dated 5-4-05 |  |
Airframe Price Base Year/Escalation Formula: |  | Jul-04 |  | ECI-MFG/CPI
Engine Price Base Year/Escalation Formula: |  | N/A |  | N/A
Airframe Escalation Data: |  |
Base Year Index (ECI): |  | **Material Redacted**
Base Year Index (CPI): |  | **Material Redacted**

Delivery Date |  | Number of Aircraft |  | Escalation Factor (Airframe) |  | Manufacturer Serial Number
**Material |  | **Material |  | 1.1101 |  | 35068
Redacted** |  | Redacted** |  |  |  |
**Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
**Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
**Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted**

Escalation Estimate Adv Payment Base Price Per A/P |  | Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
| At Signing 1% |  | 24 Mos. 4% |  | 21/18/12/9/6 Mos. 5% |  | Total 30%
$71,479,000 |  | $624,790 |  | $2,859,160 |  | $3,573,950 |  | $21,443,700
**Material |  | $ 629,620 |  | **Material |  | **Material |  | **Material
Redacted** |  |  |  | Redacted** |  | Redacted** |  | Redacted**
**Material |  | **Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
**Material |  | **Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted**

Total: |  |  | 4 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

COP — SA 12 44193-May 08 Sub to -700 to a -800 |  | Boeing Proprietary |  | Page 1