EXHIBIT 10.7
SUPPLEMENTAL AGREEMENT NO. 3
TO
PURCHASE AGREEMENT NO. 2910
THE BOEING COMPANY
AND
GOL TRANSPORTES AEREOS SA
RELATING TO BOEING MODEL 737-8EH AIRCRAFT
THIS SUPPLEMENTAL AGREEMENT, entered into as of the 7th day of January
2005, by and between THE BOEING COMPANY, a Delaware corporation with its
principal offices in the City of Seattle, State of Washington (Boeing), and GOL
TRANSPORTES AEREOS SA, a Brazilian corporation with its principal offices in Sao
Paulo, Brazil (Buyer);
W I T N E S S E T H:
WHEREAS, Boeing and Buyer entered into Purchase Agreement No. 2910, dated
17 May 2004, as amended and supplemented (the "Agreement") relating to the
purchase and sale of fifteen (15) Boeing Model 737-8EH aircraft; and
WHEREAS, Boeing and Buyer now wish to amend certain terms and conditions
associated with the Agreement, and
WHEREAS, Boeing and Buyer have agreed to the terms and conditions relating
to the exercise of Buyer's purchase rights concerning five (5) Boeing Model
737-8EH aircraft, and
WHEREAS, Boeing and Buyer have also agreed to amend the Agreement to
incorporate certain other changes as may be described herein;
NOW, THEREFORE, in consideration of the mutual covenants contained herein,
the parties agree to amend the Agreement as follows:
BOEING PROPRIETARY GOT
P.A. No.2910
SA-3
1. Table of Contents.
Remove and replace, in its entirety, the Table of Contents with a new
Table of Contents (attached hereto) to reflect the incorporation of this
Supplemental Agreement No. 3 (SA-3) into the Purchase Agreement.
2. Tables.
Add the new Table 4, Aircraft Delivery. Description, Price, and Advance
Payments, (attached hereto) in order to incorporate Buyer's exercise of five (5)
purchase right aircraft to become firm contracted Aircraft, delivering in March,
April, July, August, and September of 2007.
3. Exhibits.
3.1 Remove and replace, in its entirety, the Supplemental Exhibit BFE-1,
Buyer Furnished Equipment Variables, with a new Supplemental Exhibit BFE-1
(attached hereto) to depict and include revisions to the supplier decision dates
and equipment on-dock requirement dates for the various buyer furnished
equipment associated with the herein added SA-3 addition of five (5) Aircraft,
as well as to add the new paragraph 3 regarding Buyer's responsibility to ensure
that Buyer's BFE suppliers must meet the requirements of the U.S. Customs
Service.
3.2 Buyer's further adjustments to the aircraft configuration remain
possible on a case-by-case basis, however any such further adjustments will be
made in the form of a master change with the value of such master changes to be
included in the final delivery invoice for each applicable Aircraft.
4. Letter Agreements.
4.1 Remove and replace, in its entirety, the Attachment A to Letter
Agreement No. 6-1162-DME-0706, Purchase Right Aircraft, with a new and revised
Attachment A (attached hereto) to now include the exercise of five (5) purchase
right aircraft under SA-3.
4.2 For the sake of clarity and understanding between the Parties, the
terms and conditions of all Letter Agreements under the Purchase Agreement are
understood to be fully available and will apply to purchase right aircraft that
have been exercised to become firm purchased aircraft,
BOEING PROPRIETARY GOT
P.A. No.2910
SA-3
The Purchase Agreement, Exhibits and Letter Agreements shall be deemed amended
to the extent herein provided and as so amended shall continue in full force and
effect. In the event of any inconsistency between the above provisions and those
provisions contained in the Purchase Agreement, the terms of this Supplemental
Agreement will govern and control,
EXECUTED IN DUPLICATE as of the day and year first above written,
THE BOEING COMPANY
By /s/ [ILLEGIBLE]
----------------------------
Its Attorney-In-Fact
GOL TRANSPORTES AEREOS SA
By /s/ Cte. Xxxxx Xxxxxxx Xxxx/Xxxxxxxx Xxxxxxxxxxx
----------------------------------------------------------
Cte. Xxxxx Xxxxxxx Neto/Xxxxxxxx Xxxxxxxxxxx
Its VP Technical
Witnesses:
Cmte Xxxxxxxx Xxxxxxxxx Xx.
Director de Frota;
Cad. 00033-SAOPP
BOEING PROPRIETARY GOT
P.A. No.2910
SA-3
TABLE OF CONTENTS
SA
ARTICLES NUMBER
-------- ------
1. Quantity, Model and Description
2. Delivery Schedule
3. Price
4. Payment
5. Miscellaneous
TABLE
1. Aircraft Information Table 1 SA-2
2. Aircraft Information Table 2 SA-2
3. Aircraft Information Table 3 SA-2
4. Aircraft Information Table 4 SA-3
EXHIBIT
A. Aircraft Configuration SA-2
B. Aircraft Delivery Requirements and Responsibilities
SUPPLEMENTAL EXHIBITS
AE1. Escalation Adjustment/Airframe and Optional Features
BFE1. BFE Variables SA-3
CS1. Customer Support Variables
EE1. Engine Escalation/Engine Warranty and Patent Indemnity
SLP1. Service Life Policy Components
BOEING PROPRIETARY GOT
P.A. No.2910
SA-3
SA
LETTER AGREEMENTS NUMBER
----------------- ------
2910-01 Customer Software
2910-02 Spares - Flight Crew Training Spare Parts Support
2910-03 Spares - Initial Provisioning
6-1162-DME-0706 Purchase Right Aircraft SA-3
6-1162-DME-0707 Advance Payment Matters
6-1162-DME-0708 Technical Matters
6-1162-DME-0710 Performance Guarantees
6-1162-DME-0711 Promotional Support
6-1162-DME-0712 Special Matters
6-1162-DME-0713 Tailored Weight Program
6-1162-DME-0714 Demonstration Flight Waiver
RECORD OF SUPPLEMENTAL AGREEMENTS
SA-1 16 July 2004
SA-2 20 January 2005
SA-3 07 March 2005
BOEING PROPRIETARY GOT
P.A. No.2910
SA-3
Attachment A to
6-1162-DME-0706
Record of Purchase Right Aircraft Exercised
Remaining
Document Aircraft Un-exercised
Description Effective Date Exercised Aircraft
----------- -------------- --------- ------------
PA-2910 17 May 2004 0 28
SA-1 16 July 2004 2 26
SA-2 20 January 2005 0 46
SA-2 20 January 2005 4 42
SA-3 07 March 2005 5 37
BOEING PROPRIETARY GOT
P.A. No.2910
SA-3
TABLE 4 TO PURCHASE AGREEMENT 2910
AIRCRAFT DELIVERY, DESCRIPTION, PRICE AND ADVANCE PAYMENTS
AIRFRAME MODEL/MTOW: 737-800 155.500 DETAIL SPECIFICATION: D0, 19A001-G (4/30/2004)
ENGINE MODEL CFM56-7B27/B1 AIRFRAME PRICE BASE YEAR/ESCALATION FORMULA: jul/03 ECI-W Afm
AIRFRAME PRICE: $56.806.000 ENGINE PRICE BASE YEAR/ESCALATION FORMULA: N/A N/A
OPTIONAL FEATURES: $ 592.400
-----------
SUB-TOTAL OF AIRFRAME AND FEATURES: $57.398.400 AIRFRAME ESCALATION DATA:
------------------------
ENGINE PRICE (PER AIRCRAFT): $ 0 BASE YEAR INDEX (ECI): 165,0
AIRCRAFT BASK PRICE (EXCLUDING BFE/SPE): $57.398.400 BASE YEAR INDEX (ICI): 136,8
===========
BUYER FURNISHED EQUIPMENT (BFE) ESTIMATE: $ 1.250.000
SELLER PURCHASED EQUIPMENT (SPE) ESTIMATE: $ 0
REFUNDABLE DEPOSIT/AIRCRAFT AT PROPOSAL
ACCEPT: $ 85.000
ADVANCE ANT PER AIRCRAFT (ANTS. DUE/MOS. PRIOR TO DELIVERY):
ESCALATION ---------------------------------------------------------------
ESCALATION ESTIMATE ADV 21/18/12/9/6
DELIVERY NUMBER OF FACTOR PAYMENT BASE AT SIGNING 24 MOS. MOS. TOTAL
DATE AIRCRAFT (AIRFRAME) PRICE PER A/P 1% 4% 5% 30%
-------- --------- ----------- ------------- ------------ ---------- ----------- -----------
mar-2007 1 1,1222 $64.412.000 $ 559.120 $2.576.480 $3.220.600 $19.323.600
abr-2007 1 1,1254 $64.596.000 $ 560.960 $2.583.840 $3.229.800 $19.378.800
jul-2007 1 1,1346 $65.124.000 $ 566.240 $2.604.960 $3.256.200 $19.537.200
ago-2007 1 1,1378 $65.308.000 $ 568.080 $2.612.320 $3.265.400 $19.592.400
set-2007 1 1,1416 $65.526.000 $ 570.260 $2.621.040 $3.276.300 $19.657.800
Total: 5
BOEING PROPRIETARY GOT
P.A. No.2910
SA-3
BUYER FURNISHED EQUIPMENT VARIABLES
between
THE BOEING COMPANY
and
GOL TRANSPORTES AEREOS SA
Supplemental Exhibit BFE1 to Purchase Agreement Number 2910
BOEING PROPRIETARY GOT
P.A. No.2910
SA-3
BUYER FURNISHED EQUIPMENT VARIABLES
relating to
BOEING MODEL 737-8EH AIRCRAFT
This Supplemental Exhibit BFE1 contains vendor selection dates, on-dock dates
and other variables applicable to the Aircraft.
1. Supplier Selection.
Customer will:
1.1 Select and notify Boeing of the suppliers and part numbers of the
following BFE items by the following dates:
Galley System Complete 2005
Galley Inserts Complete 2005
Seats (passenger) 28 February 2005
Cabin Systems Equipment Complete 2005
Miscellaneous Emergency Equipment Complete 2005
Cargo Handling Systems ****N/A****
BOEING PROPRIETARY GOT
P.A. No.2910
SA-3
2. On-dock Dates
On or before MARCH 2005, Boeing will provide to Customer a BFE Requirements On
Dock/Inventory Document (BFE Document) or an electronically transmitted BFE
Report which may be periodically revised, setting forth the items, quantities,
on-dock dates and shipping instructions relating to the in-sequence installation
of BFE. For planning purposes, a preliminary BFE on-dock schedule is set forth
below:
Item Preliminary On-Dock Dates
---------------------------------------------------- ----------------------------------------------------
JUNE 2006
(Early roll-out to support flight test, r/o 11/7/05)
Aircraft
Seats 4/19/06
Galleys/Furnishings 10/14/05
Miscellaneous Emergency Equipment 10/14/05
* Emergency floor lighting will be deferred until
after flight test. All other cabin lighting and
emergency egress lighting will be fully operational
per flight test requirements. Estimated deferred
on-dock date for floor lighting, 2/19/06
Electronics 8/21/05
Textiles/Raw Material 7/11/05
* All carpets and seat track covers will be deferred
until after flight test is complete. Estimated
on-dock 1/9/06
Cargo Systems N/A
Provision Kits N/A
Radomes N/A
BOEING PROPRIETARY GOT
P.A. No.2910
SA-3
Item Preliminary On-Dock Dates
--------------------------------- -------------------------
JULY 2006 AUGUST 2006
Aircraft Aircraft
--------- -----------
Seats 5/19/06 6/21/06
Galleys/Furnishings 5/12/06 6/14/06
Miscellaneous Emergency Equipment 5/12/06 6/14/06
Electronics 3/19/06 4/21/06
Textiles/Raw Material 2/9/06 3/13/06
Cargo Systems N/A N/A
Provision Kits N/A N/A
Radomes N/A N/A
Item Preliminary On-Dock Dates
--------------------------------- ------------------------------
SEPTEMBER 2006 OCTOBER 2006
Aircraft Aircraft
-------------- ------------
Seats 7/21/06 8/23/06
Galleys/Furnishings 7/14/06 8/16/06
Miscellaneous Emergency Equipment 7/14/06 8/16/06
Electronics 5/21/06 6/23/06
Textiles/Raw Material 4/10/06 5/15/06
Cargo Systems N/A N/A
Provision Kits N/A N/A
Radomes N/A N/A
BOEING PROPRIETARY GOT
P.A. No.2910
SA-3
Item Preliminary On-Dock Dates
--------------------------------- ----------------------------
NOVEMBER 2006 MARCH 2007
Aircraft Aircraft
------------- ----------
Seats 9/21/06 1/23/07
Galleys/Furnishings 9/14/06 1/16/07
Miscellaneous Emergency Equipment 9/14/06 1/16/07
Electronics 7/21/06 11/23/06
Textiles/Raw Material 6/12/06 9/21/06
Cargo Systems N/A N/A
Provision Kits N/A N/A
Radomes N/A N/A
Item Preliminary On-Dock Dates
--------------------------------- ----------------------------
APRIL 2007 JULY 2007 (1)
Aircraft Aircraft
---------- -------------
Seats 2/20/07 5/22/07
Galleys/Furnishings 2/13/07 5/15/07
Miscellaneous Emergency Equipment 2/13/07 5/15/07
Electronics 1/16/07 3/22/07
Textiles/Raw Material 10/30/06 2/8/07
Cargo Systems N/A N/A
Provision Kits N/A N/A
Radomes N/A N/A
BOEING PROPRIETARY GOT
P.A. No.2910
SA-3
Item Preliminary On-Dock Dates
--------------------------------- ----------------------------
JULY 2007 (2) AUGUST 2007
Aircraft Aircraft
------------- -----------
Seats 5/23/07 6/21/07
Galleys/Furnishings 5/16/07 6/14/07
Miscellaneous Emergency Equipment 5/16/07 6/14/07
Electronics 3/23/07 4/20/07
Textiles/Raw Material 2/1/07 3/12/07
Cargo Systems N/A N/A
Provision Kits N/A N/A
Radomes N/A N/A
Item Preliminary On-Dock Dates
--------------------------------- ----------------------------------
SEPTEMBER 2007 OCTOBER 2007 (1)
Aircraft Aircraft
-------------- ----------------
Seats 7/21/07 8/23/07
Galleys/Furnishings 7/14/07 8/16/07
Miscellaneous Emergency Equipment 7/14/07 8/17/07
Electronics 5/21/07 6/22/07
Textiles/Raw Material 4/9/07 5/10/07
Cargo Systems N/A N/A
Provision Kits N/A N/A
Radomes N/A N/A
BOEING PROPRIETARY GOT
P.A. No.2910
SA-3
Item Preliminary On-Dock Dates
--------------------------------- ------------------------------------
OCTOBER 2007 (2) OCTOBER 2007 (3)
Aircraft Aircraft
---------------- ----------------
Seats 8/24/07 8/27/07
Galleys/Furnishings 8/17/07 8/20/07
Miscellaneous Emergency Equipment 8/17107 8/20/07
Electronics 6/25/07 6/27/07
Textiles/Raw Material 5/11/07 5/14/07
Cargo Systems N/A N/A
Provision Kits N/A N/A
Radomes N/A N/A
Item Preliminary On-Dock Dates
--------------------------------- ------------------------------------
NOVEMBER 2007 (1) NOVEMBER 2007 (2)
Aircraft Aircraft
----------------- -----------------
Seats 9/21/07 9/24/07
Galleys/Furnishings 9/14/07 9/17/07
Miscellaneous Emergency Equipment 9/14/07 9/17/07
Electronics 7/21/07 7/24/07
Textiles/Raw Material 6/8/07 6/11/07
Cargo Systems N/A N/A
Provision Kits N/A N/A
Radomes N/A N/A
BOEING PROPRIETARY GOT
P.A. No.2910
SA-3
Item Preliminary On-Dock Dates
--------------------------------- ------------------------------------
DECEMBER 2007 (1) DECEMBER 2007 (2)
Aircraft Aircraft
----------------- -----------------
Seats 10/23/07 10/24/07
Galleys/Furnishings 10/16/07 10/17/07
Miscellaneous Emergency Equipment 10/16/07 10/17/07
Electronics 8/23/07 8/24/07
Textiles/Raw Material 7/11/07 7/12/07
Cargo Systems N/A N/A
Provision Kits N/A N/A
Radomes N/A N/A
Item Preliminary On-Dock Dates
--------------------------------- ---------------------------
APRIL 2008 AUGUST 2008
Aircraft Aircraft
---------- -----------
Seats 2/22/08 6/23/08
Galleys/Furnishings 2/15/08 6/16/08
Miscellaneous Emergency Equipment 2/15/08 6/16/08
Electronics 12/21/07 4/23/08
Textiles/Raw Material 10/30/07 3/13/08
Cargo Systems N/A N/A
Provision Kits N/A N/A
Radomes N/A N/A
BOEING PROPRIETARY GOT
P.A. No.2910
SA-3
Item Preliminary On-Dock Dates
--------------------------------- -------------------------
SEPTEMBER 2008
Aircraft
--------------
Seats 8/21/08
Galleys/Furnishings 8/14/08
Miscellaneous Emergency Equipment 8/14/08
Electronics 6/20/08
Textiles/Raw Material 4/9/08
Cargo Systems N/A
Provision Kits N/A
Radomes N/A
Item Preliminary On-Dock Dates
--------------------------------- -------------------------------------------
FEBRUARY 2009 (1) FEBRUARY 2009 (2)
Aircraft Aircraft
----------------- -----------------
Seats 12/12/08 12/15/08
Galleys/Furnishings 12/5/08 12/8/08
Miscellaneous Emergency Equipment 12/5/08 12/15/08
Electronics 10/13/08 10/15/08
Textiles/Raw Material 8/29/08 9/2/08
Cargo Systems N/A N/A
Provision Kits N/A N/A
Radomes N/A N/A
BOEING PROPRIETARY GOT
P.A. No.2910
SA-3
Item Preliminary On-Dock Dates
--------------------------------- ------------------------------
MARCH 2009 SEPTEMBER 2009
Aircraft Aircraft
---------- --------------
Seats 1/23/09 7/24/09
Galleys/Furnishings 1/16/09 7/17/09
Miscellaneous Emergency Equipment 1/16/09 7/17/09
Electronics 11/21/08 5/22/09
Textiles/Raw Material 9/30/08 4/9/09
Cargo Systems N/A N/A
Provision Kits N/A N/A
Radomes N/A N/A
3. Additional Delivery Requirements
Customer will insure that Customer's BFE suppliers provide sufficient
information to enable Boeing, when acting as Importer of Record for Customer's
BFE, to comply with all applicable provisions of the U.S. Customs Service.
BOEING PROPRIETARY GOT
P.A. No.2910
SA-3
