Supplemental Agreement No. 1 to Purchase Agreement No. 03776 between The Boeing Company and UnitedContinental Holdings, Inc. Relating to Boeing Model 737-9 Aircraft
Exhibit 10.5
Supplemental Agreement No. 1
to
Purchase Agreement No. 03776
between
The Boeing Company
and
United Continental Holdings, Inc.
Relating to Boeing Model 737-9 Aircraft
THIS SUPPLEMENTAL AGREEMENT, entered into as of June 17, 2013, by and between THE BOEING COMPANY (Boeing) and UNITED CONTINENTAL HOLDINGS, INC. (Customer);
WHEREAS, the parties hereto entered into Purchase Agreement No. 03776 dated July 12, 2012, as amended and supplemented (the Purchase Agreement), relating to the purchase and sale of Boeing Model 737-9 aircraft (Aircraft). This Supplemental Agreement is an amendment to the Purchase Agreement;
WHEREAS, Boeing and Customer have agreed to *** Aircraft *** scheduled for delivery from *** through *** (MAX *** Aircraft);
WHEREAS, Boeing and Customer agree that 787-10 Model aircraft program launch requires approval from the Boeing Board of Directors, pursuant to Letter Agreement as detailed in Letter Agreement UAL-PA-03860-LA-1301380.
WHEREAS, Boeing and Customer agree that the MAX *** Aircraft will be ***;
NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree to amend the Purchase Agreement as follows:
1. Table of Contents and Tables:
1.1 Remove and replace, in its entirety, the Table of Contents, with the Table of Contents attached hereto, to reflect the changes made by this Supplemental Agreement No. 1.
UCH-PA-03776 | SA-1, Page 1 | |||
BOEING/UNITED CONTINENTAL HOLDINGS, INC. PROPRIETARY |
CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION IN ACCORDANCE WITH THE SECURITIES ACT OF 1933, AS AMENDED, AND RULE 24B-2 PROMULGATED THEREUNDER. OMITTED INFORMATION HAS BEEN REPLACED WITH ASTERISKS.
1.2 Remove and replace, in its entirety, Table 1 for the Aircraft with the Table 1 attached hereto and marked with the SA-1 legend.
2. Effective Date:
This Supplemental Agreement No. 1 shall be effective subject to satisfaction of all of the following conditions precedent (collectively the Conditions Precedent):
Execution of Supplemental Agreement No. 1 to Purchase Agreement No. 3860 between Boeing and United Airlines, Inc. (United) relating to Model 787 aircraft (the UAL Purchase Agreement) by Boeing and United;
Execution of Supplemental Agreement No. 8 to Purchase Agreement No. 2484 (the CAL Purchase Agreement) between Boeing and United relating to Boeing Model 787 aircraft by Boeing and United;
Execution of this Supplemental Agreement No. 1 to the Purchase Agreement;
Upon satisfaction of the Conditions Precedent, the 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.
[The rest of the page is intentionally blank. Signature page follows.]
EXECUTED IN DUPLICATE as of the day and year first written above.
THE BOEING COMPANY | UNITED CONTINENTAL HOLDINGS, INC. | |||
*** | /s/ Gerald Laderman | |||
Signature | Signature | |||
Attorney-in-Fact | Senior Vice President Finance and Treasurer | |||
Title | Title |
UCH-PA-03776 | SA-1, Page 2 | |||
BOEING/UNITED CONTINENTAL HOLDINGS, INC. PROPRIETARY |
TABLE OF CONTENTS
SA NUMBER | ||||||
ARTICLES | ||||||
Article 1. | Quantity, Model and Description | |||||
Article 2. | Delivery Schedule | |||||
Article 3. | Price | |||||
Article 4. | Payment | |||||
Article 5. | Additional Terms | |||||
TABLE | ||||||
1. | Aircraft Information Table 737-9 | SA-1 | ||||
EXHIBITS | ||||||
A. | Aircraft Configuration | |||||
B. | Aircraft Delivery Requirements and Responsibilities | |||||
SUPPLEMENTAL EXHIBITS | ||||||
AE1. | Escalation Adjustment/Airframe and Optional Features | |||||
BFE1. | BFE Variables | |||||
CS1. | Customer Support Variables | |||||
EE1. | Engine Warranty *** | |||||
SLP1. | Service Life Policy Components | |||||
LETTER AGREEMENTS | ||||||
UCH-PA-03776-LA-1207637 | *** Matters | |||||
UCH-PA-03776-LA-1207638 | *** | |||||
UCH-PA-03776-LA-1207640 | Demonstration Flight Waiver | |||||
UCH-PA-03776-LA-1207643 | Open Matters | |||||
UCH-PA-03776-LA-1207644 | Option Aircraft | |||||
UCH-PA-03776-LA-1207646 | Promotional Support | |||||
UCH-PA-03776-LA-1207647 | Seller Purchased Equipment | |||||
UCH-PA-03776-LA-1207649 | Spare Parts Initial Provisioning | |||||
UCH-PA-03776-LA-1207650 | Special Matters | |||||
UCH-PA-03776-LA-1208055 | *** | |||||
UCH-PA-03776-LA-1208122 | *** | |||||
UCH-PA-03776-LA-1208123 | *** Matters | |||||
UCH-PA-03776-LA-1208157 | *** |
UCH-PA-03776 | SA-1, Page 1 of 2 | |||
TABLE OF CONTENTS | ||||
BOEING/UNITED CONTINENTAL HOLDINGS, INC. PROPRIETARY |
TABLE OF CONTENTS, CONTINUED
SA NUMBER | ||||
LETTER AGREEMENTS, continued | ||||
UCH-PA-03776-LA-1208234 | Privileged and Confidential Matters | |||
UCH-PA-03776-LA-1208596 | AGTA Matters | |||
UCH-PA-03776-LA-1208238 | Assignment Matters | |||
UCH-PA-03776-LA-1208869 | Delivery *** Matters | |||
UAL -PA-03786-LA-1207869 | 737 Production Adjustments |
SUPPLEMENTAL AGREEMENTS | DATED AS OF | |
Supplemental Agreement No. 1 . . . . . . . . . . . . . | June 17, 2013 |
UCH-PA-03776 | SA-1, Page 2 of 2 | |||
TABLE OF CONTENTS | ||||
BOEING/UNITED CONTINENTAL HOLDINGS, INC. PROPRIETARY |
Table 1 To
Purchase Agreement No. 03776
737-9 Aircraft Delivery, Description, Price and Advance Payments
Airframe Model/MTOW: | 737-9 | *** pounds | Detail Specification: | *** | ||||||||||||||||
Engine Model/Thrust: | CFM-LEAP-1B*** | *** pounds | Airframe Price Base Year/Escalation Formula: | *** | *** | |||||||||||||||
Airframe Price: | $ | *** | Engine Price Base Year/Escalation Formula: | *** | *** | |||||||||||||||
Optional Features: | $ | *** | ||||||||||||||||||
|
| |||||||||||||||||||
Sub-Total of Airframe and Features: | $ | *** | Airframe Escalation Data: | |||||||||||||||||
Engine Price (Per Aircraft): | $ | *** | Base Year Index (ECI): | *** | ||||||||||||||||
Aircraft Basic Price (Excluding BFE/SPE): | $ | *** | Base Year Index (CPI): | *** | ||||||||||||||||
|
| |||||||||||||||||||
Buyer Furnished Equipment (BFE) Estimate: | $ | *** | ||||||||||||||||||
Seller Purchased Equipment (SPE) Estimate: | $ | *** | ||||||||||||||||||
Deposit per Aircraft: | $ | *** |
Delivery | Number of | Escalation Factor | Serial | Actual or Nominal Delivery | Escalation Estimate Adv Payment Base | Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery): | ||||||||||||||||||||||||||||||
Date | Aircraft | (Airframe) | Number | Month* | Price Per A/P | *** | *** | *** | *** | |||||||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** |
Boeing / United Continental Holdings, Inc. Proprietary | Table 1 per SA-1, Page 1 |
Table 1 To
Purchase Agreement No. 03776
737-9 Aircraft Delivery, Description, Price and Advance Payments
Delivery | Number of | Escalation Factor | Serial | Actual or Nominal Delivery | Escalation Estimate Adv Payment Base | Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery): | ||||||||||||||||||||||||||||||
Date | Aircraft | (Airframe) | Number | Month* | Price Per A/P | *** | *** | *** | *** | |||||||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** |
Boeing / United Continental Holdings, Inc. Proprietary | Table 1 per SA-1, Page 2 |
Table 1 To
Purchase Agreement No. 03776
737-9 Aircraft Delivery, Description, Price and Advance Payments
Delivery | Number of | Escalation Factor | Serial | Actual or Nominal Delivery | Escalation Estimate Adv Payment Base | Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery): | ||||||||||||||||||||||||||||||
Date | Aircraft | (Airframe) | Number | Month* | Price Per A/P | *** | *** | *** | *** | |||||||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** |
Boeing / United Continental Holdings, Inc. Proprietary | Table 1 per SA-1, Page 3 |
Table 1 To
Purchase Agreement No. 03776
737-9 Aircraft Delivery, Description, Price and Advance Payments
Delivery | Number of | Escalation Factor | Serial | Actual or Nominal Delivery | Escalation Estimate Adv Payment Base | Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery): | ||||||||||||||||||||||||||||||
Date | Aircraft | (Airframe) | Number | Month* | Price Per A/P | *** | *** | *** | *** | |||||||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
*** | *** | *** | *** | *** | $ | *** | $ | *** | $ | *** | $ | *** | $ | *** | ||||||||||||||||||||||
Total | 100 |
* | Nominal delivery month, *** pursuant to Letter Agreement number UCH-PA-03776-LA-1207643. |
Note: | The estimated Advance Payment Base Prices have been calculated using a ***, ***, and ***, as follows: |
*** | $*** | |
*** | $*** | |
*** | $*** | |
*** | $*** |
Boeing / United Continental Holdings, Inc. Proprietary | Table 1 per SA-1, Page 4 |