Supplemental Agreement No. 8 to Purchase Agreement No. 03776 between The Boeing Company and United Airlines, Inc. Relating to Boeing Model 737-9 Aircraft
Exhibit 10.3
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.
Supplemental Agreement No. 8
to
Purchase Agreement No. 03776
between
The Boeing Company
and
Relating to Boeing Model 737-9 Aircraft
THIS SUPPLEMENTAL AGREEMENT, entered into as of June 7 , 2017, by and between THE BOEING COMPANY (Boeing) and UNITED AIRLINES, INC. (Customer);
WHEREAS, the parties hereto entered into Purchase Agreement No. 3776 dated July 12, 2012, as amended and supplemented (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 agree to *** 737-9 Aircraft as follows
Manufacturer Serial Number |
*** |
*** | ||||
*** | *** | *** | *** |
WHEREAS, Customer and Boeing have previously executed documents reflecting Customer Configuration Changes (as that term is defined in Letter Agreement UAL-PA-03776-LA-1207643 entitled “Open Matters” (Open Matters Letter)) effected through Customer’s acceptance of Customer Specific Option Selection Packages A through E for specified Boeing Model 737-9 aircraft (Customer Configured Aircraft).
WHEREAS, Customer and Boeing now desire to conform and further amend the Purchase Agreement to reflect the following:
(i) | all Customer Configuration Changes; |
(ii) | revise Table 1 to reflect such Customer Configuration Changes; and |
(iii) | replace existing Exhibit A-1 with a revised Exhibit A-1 reflecting the Customer Configuration Changes; |
WHEREAS, Customer and Boeing agree to incorporate certain *** into the Purchase Agreement;
UAL-PA-03776 | SA-8 | Page 1 |
BOEING / UNITED AIRLINES, INC. PROPRIETARY
Supplemental Agreement Xx. 0 xx
Xxxxxxxx Xxxxxxxxx Xx. 00000
WHEREAS, Customer and Boeing agree to incorporate certain revisions to the Letter Agreement UAL-PA-3776-LA-1606848 entitled “*** Special MAX9 Aircraft” (*** Letter Agreement) including a *** (as that term is defined in the *** Letter Agreement) to a ***.
NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree to amend the Purchase Agreement as follows:
1. | Table of Contents. |
The “Table of Contents” is deleted in its entirety and replaced with the attached “Table of Contents” (identified by “SA-8”).
2. | Tables. |
Table 1 entitled “737-9 Aircraft Delivery, Description, Price and ***” is deleted in its entirety and replaced with the attached similarly titled “Table 1” (identified by “SA-8”).
3. | Exhibit. |
Exhibit A-1 is replaced in its entirety with a revised Exhibit A-1 (identified by “SA-8) to incorporate the Customer Configuration Changes for each Customer Configured Aircraft.
4. | Letter Agreements. |
4.1. Letter Agreement UAL-PA-03776-LA-1207637 entitled “*** Matters” is deleted in its entirety and replaced with Letter Agreement UAL-PA-03776-LA-1207637R1 (identified by “SA-8”).
4.2. Letter Agreement UAL-PA-03776-LA-1208157 entitled “***” is deleted in its entirety and replaced with Letter Agreement UAL-PA-03776-LA-1208157R1 (identified by “SA-8”) to ***.
4.3. Letter Agreement UAL-PA-03776-LA-1207650R1 entitled “Special Matters” is deleted in its entirety and replaced with Letter Agreement UAL-PA-03776-LA-1208157R1 (identified by “SA-8”) to *** the Special 737 MAX ***.
4.4. The *** Letter Agreement is deleted in its entirety and replaced with Letter Agreement UAL-PA-3776-LA-1606848R1 (identified by “SA-8”) to revise certain terms therein including the ***.
5. | Miscellaneous. |
Boeing and Customer agree that the applicable amount from Figure 1 is *** as the *** under this Supplemental Agreement No. 8. Such *** will be *** to Boeing upon execution of this Supplemental Agreement No. 8.
Figure 1
*** | *** |
UAL-PA-03776 | SA-8 | Page 2 |
BOEING / UNITED AIRLINES, INC. PROPRIETARY
Supplemental Agreement No. 8 to
Purchase Agreement No. 03776
The Purchase Agreement will be deemed supplemented to the extent provided herein as of the date hereof and as so supplemented will continue in full force and effect.
The rest of this page is left intentionally blank.
UAL-PA-03776 | SA-8 | Page 3 |
BOEING / UNITED AIRLINES, INC. PROPRIETARY
Supplemental Agreement Xx. 0 xx
Xxxxxxxx Xxxxxxxxx Xx. 00000
EXECUTED IN DUPLICATE as of the day and year first written above.
THE BOEING COMPANY | UNITED AIRLINES, INC. | |
/s/ Xxxx X Xxxxxxx |
/s/ Xxxxxx Xxxxxxxx | |
Signature | Signature | |
Xxxx X Xxxxxxx |
Xxxxxx Xxxxxxxx | |
Printed Name | Printed Name | |
|
Senior Vice President Finance, | |
Title | Title |
UAL-PA-03776 | SA-8 | Page 4 |
BOEING / UNITED AIRLINES, INC. 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. | 737-9 Aircraft Delivery, Description, Price and *** |
XX-0 | ||
XXXXXXXX | ||||
X-0 | 737-9 & *** 737-9Aircraft Configuration | XX-0 | ||
X-0 | 737-8 Aircraft Configuration | |||
A-3 | 737-7 Aircraft Configuration | |||
B. | Aircraft Delivery Requirements and Responsibilities | |||
SUPPLEMENTAL EXHIBITS | ||||
AE1. | Escalation Adjustment/Airframe and *** | |||
BFE1. | BFE Variables | SA-7 | ||
CS1. | Customer Support Variables | |||
EE1. | Engine Warranty and *** | |||
SLP1. | Service Life Policy Components | |||
LETTER AGREEMENTS | ||||
UAL-PA-03776-LA-1207637R1 | *** Matters | XX-0 | ||
XXX-XX-00000-XX-0000000 | *** | |||
UAL-PA-03776-LA-1207640 | Demonstration Flight Waiver | |||
UAL-PA-03776-LA-1207643 | Open Matters | |||
UAL-PA-03776-LA-1207644R1 | *** Aircraft | SA-7 | ||
*** Aircraft—Attachment A | SA-6 | |||
UAL-PA-03776-LA-1207646 | Promotional Support | |||
TABLE OF CONTENTS, CONTINUED | ||||
LETTER AGREEMENTS, continued | SA NUMBER | |||
UAL-PA-03776-LA-1207647 | Seller Purchased Equipment |
UAL-PA-03776 | TABLE OF CONTENTS | SA-8, Page 1 of 2 |
BOEING / UNITED AIRLINES, INC. PROPRIETARY
UAL-PA-03776-LA-1207649 | Spare Parts Initial Provisioning | |||
UAL-PA-03776-LA-1207650R1 | Special Matters | SA-8 | ||
UAL-PA-03776-LA-1208055R1 | *** | XX-0 | ||
XXX-XX-00000-XX-0000000 | *** | |||
UAL-PA-03776-LA-1208123 | *** Matters | |||
UAL-PA-03776-LA-1208157 | *** | XX-0 | ||
XXX-XX-00000-XX-0000000 | Xxxxxxxxxx and Confidential Matters | |||
UAL-PA-03776-LA-1208596 | XXXX Xxxxxxx | |||
XXX-XX-00000-XX-0000000 | Assignment Matters | |||
UAL-PA-03776-LA-1208869 | Delivery *** Matters | |||
UAL-PA-03784-LA-1207869 | 737 Production Adjustments | |||
UAL-PA-3776-LA-1606848R1 | *** Special MAX9 Aircraft | SA-8 |
DATED AS OF | ||||
Supplemental Agreement No. 1 | June 17, 2013 | |||
Supplemental Agreement No. 2 | January 14, 2015 | |||
Supplemental Agreement No. 3 | May 26, 2015 | |||
Supplemental Agreement No. 4 | June 12, 2015 | |||
Supplemental Agreement No. 5 | January 20, 2016 | |||
Supplemental Agreement No. 6 | February 8, 2016 | |||
Supplemental Agreement No. 7 | December 27, 2016 | |||
Supplemental Agreement No. 8 | June 7, 2017 |
UAL-PA-03776 | TABLE OF CONTENTS |
SA-8, Page 2 of 2 |
BOEING / UNITED AIRLINES, INC. PROPRIETARY
Table 1 To Purchase Agreement No. 03776
737-9 Aircraft Delivery, Description, Price and ***
Airframe Model/MTOW: 737-9 | *** pounds | Detail Specification: | *** | |||||
Engine Model/Thrust:*** | *** 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: | $ *** |
# of Aircraft |
Delivery Date |
Number of Aircraft |
Escalation Factor (Airframe) |
Manufacturer Serial Number |
Actual or Nominal Delivery Month* |
Escalation Estimate *** Base Price Per A/P |
*** Per Aircraft (Amts. Due/*** Prior to Delivery): | |||||||||||||
*** *** |
*** *** |
*** *** |
*** *** | |||||||||||||||||
*** | *** | *** | *** | *** | *** | $*** | $*** | $*** | $*** | $*** | ||||||||||
Total: | *** |
* Nominal delivery month, *** pursuant to Letter Agreement number UAL-PA-03776-LA-1207643.
Note: Serial Numbers are provided as guidance only and are subject to change.
***
UAL-PA-03776 APR: 105435.TXT | Table 1 per XX-0, Xxxx 0 |
Xxxxxx / Xxxxxx Xxxxxxxx, Inc. Proprietary
AIRCRAFT CONFIGURATION
between
THE BOEING COMPANY
and
Exhibit A to Purchase Agreement Number PA-03776
UAL-PA-03776-EXA | SA-8 |
Page 1
BOEING / UNITED AIRLINES, INC. PROPRIETARY
Exhibit A-1
AIRCRAFT CONFIGURATION
relating to
BOEING MODEL 737-9 AIRCRAFT
The Detail Specification is Boeing document number *** (the designator is *** due to the Detail Specification being aligned by manufacturer serial number, e.g., for the *** aircraft, the Detail Specification is projected to be *** Rev ***, dated ***). Such Detail Specification will be comprised of Boeing configuration specification document number ***, Rev ***, dated ***, as amended to incorporate the optional features (Options) listed below, including the effects on Manufacturer’s Empty Weight (MEW) and Operating Empty Weight (OEW). As soon as practicable, Boeing will furnish to Customer copies of the Detail Specification, which copies will reflect such Options. The Aircraft Basic Price reflects and includes all effects of such Options, except such Aircraft Basic Price does not include the price effects of any Buyer Furnished Equipment or In-Flight Entertainment.
UAL-PA-03776-EXA | SA-8
Page 2 |
BOEING / UNITED AIRLINES, INC. PROPRIETARY
Option Number |
Title |
*** MAX9 Aircraft *** Price Per A/C |
*** MAX9 Aircraft *** Price Per A/C | |||
*** | *** | *** | *** | |||
OPTIONS: *** | TOTALS: | *** | *** |
UAL-PA-03776-EXA | SA-8
Page 3 |
BOEING / UNITED AIRLINES, INC. PROPRIETARY
The Boeing Company | ||||
X.X. Xxx 0000 | ||||
Xxxxxxx, XX 00000-0000 |
UAL-PA-03776-LA-1207637R1
United Airlines, Inc.
000 Xxxxx Xxxxxx Xxxxx
Xxxxxxx, Xxxxxxxx 00000
Subject: | *** Matters | |
Reference: | Purchase Agreement No. PA-03776 (Purchase Agreement) between The Boeing Company (Boeing) and United Airlines, Inc. (Customer) relating to Model 737 MAX aircraft (Aircraft) |
This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement. This Letter Agreement supersedes and replaces in its entirety Letter Agreement UCH-PA-03776-LA-1207646 dated July 12, 2012.
The Purchase Agreement incorporates the terms and conditions of AGTA/UAL between Boeing and Customer. This Letter Agreement modifies certain terms and conditions of the AGTA with respect to the Aircraft.
1. | ***. |
2. | *** on ***. |
*** will be *** on the ***. In the event that *** chooses to *** from a third party where such third party requires a *** in the *** as *** that this *** will not be available or provided to such third party without the prior written consent of ***, provided that *** agrees to use commercially reasonable efforts to assist ***.
3. | *** Rights. |
3.1 Customer agrees that ***.
3.2 In the event Boeing *** Customer *** pursuant to Article 3.1, absent instruction from Boeing to the contrary, Customer shall, *** the Purchase Agreement as amended by this Letter Agreement. Customer will ***.
UAL-PA-03776-LA-1207637R1 | SA-8 | |
*** Matters |
Page 1 |
BOEING/UNITED AIRLINES, INC. PROPRIETARY
3.3 For all purposes of this paragraph 3, including without limitation, notice, *** or any other application, ***. Boeing expressly reserves all of its rights and remedies under any agreement and applicable law.
4. | Confidentiality. |
Customer and Boeing understand that certain commercial and financial information contained in this Letter Agreement are considered by Boeing and Customer as confidential and are subject to the terms and conditions set forth in Letter Agreement No. UAL-PA-03776-LA-1208234.
5. | Assignment. |
Except as provided in Letter Agreement No. UAL-PA-03776-LA-1208238, the rights and obligations described in this Letter Agreement are provided to Customer in consideration of Customer’s becoming the operator of the Aircraft and cannot be assigned in whole or, in part.
If the foregoing correctly sets forth your understanding of our agreement with respect to the matters treated above, please indicate your acceptance and approval below.
Very truly yours,
THE BOEING COMPANY | ||
By: | /s/ Xxxx X Xxxxxxx | |
Its: | Attorney-in-Fact |
UAL-PA-03776-LA-1207637R1 | SA-8 | |
*** Matters |
Page 2 |
BOEING / UNITED AIRLINES, INC. PROPRIETARY
ACCEPTED AND AGREED TO this | ||
Date: | June 7, 2017 | |
UNITED AIRLINES, INC. | ||
By: | /s/ Xxxxxx Xxxxxxxx | |
Its: | Senior Vice President Finance, Procurement and Treasurer |
UAL-PA-03776-LA-1207637R1 | SA-8 | |
*** Matters |
Page 3 |
BOEING / UNITED AIRLINES, INC. PROPRIETARY
The Boeing Company X.X. Xxx 0000 Xxxxxxx,XX 00000-0000 |
UAL-PA-03776-LA-1207650R2
United Airlines, Inc.
000 Xxxxx Xxxxxx Xxxxx
Xxxxxxx, Xxxxxxxx 00000
Subject: Special Matters – 737 MAX Aircraft
References: 1) | Purchase Agreement No. PA-03776 (Purchase Agreement) between The Boeing Company (Boeing) and United Airlines, Inc. (Customer) relating to Model 737 MAX aircraft (Aircraft); and |
2) | Letter Agreement UAL-PA-03776-1207638 entitled *** |
This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement. This Letter Agreement supersedes and replaces in its entirety Letter Agreement UAL-PA-0 3776-LA-1207650R1 dated December 27, 2016.
1. | ***. |
1.1 ***. At the *** of each 737-9 Aircraft, Boeing *** to Customer *** in an *** the 737-9 ***.
1.2 ***. At the *** of each 737-9 Aircraft, Boeing *** to Customer *** in an *** the 737-9 ***. Boeing represents that *** of this *** is consistent with the terms of Letter Agreement 6-1162-KKT-080, as amended.
1.3 ***. Pursuant to the ***, Customer may *** of ***. At the time of ***, Boeing *** to Customer ***.
1.4 ***. Pursuant to the ***, Customer may *** of ***. At the time of ***, Boeing *** Customer *** the ***.
1.5 *** and ***.
The parties agree to the following *** which will *** Special MAX9 Aircraft (Limited 737-9 Aircraft).
1.5.1 At the time *** of each applicable *** 737-9 Aircraft, Boeing *** to Customer *** to be used solely for the *** of Boeing *** and *** and shall not be applied to *** or ***.
UAL-PA-03776-LA-1207650R2 | SA-8 | |
Special Matters |
Page 1 |
BOEING / UNITED AIRLINES PROPRIETARY
1.5.2 Boeing and Customer will work together to assess and agree to determine whether and how *** established in Attachment 1 is *** provided in Attachment 2 to this Letter Agreement. Such assessment will incorporate the methodology and .assumptions incorporated in development of Attachment 1 to this Letter Agreement including *** to the effective date of Supplemental Agreement No. 7 to the 787 Purchase Agreement No. 3860 and *** in Attachment 1 to this Letter Agreement.
2. | *** of ***. |
Unless otherwise noted, the *** stated in Paragraphs 1.1 through 1.5 *** are in *** year dollars and *** to the scheduled month of the respective Aircraft delivery pursuant to the *** formula set forth in the Purchase Agreement applicable to the Aircraft. The *** may, at the election of Customer, be *** Boeing *** and *** (but shall not be applied to advance payments).
3. | ***. |
Boeing agrees to make the 737 *** available for the 737-9 through Boeing’s ***. In the event that Boeing *** the 737 ***, then *** will provide *** at delivery of each 737-9 equal to *** for *** in the *** in the *** with the 737 *** as set forth in Attachment 1 to this Letter Agreement *** (subject to the requirements in Attachment 3, unless otherwise mutually agreed) without the 737 *** of *** (737 ***) per 737-9 Aircraft). For the avoidance of doubt, *** to issue the 737 *** will *** when the 737 *** becomes, and remains, *** for the 737-9 aircraft not yet delivered to Customer.
4. | 737 Supplier Management. |
It is Boeing’s 737 MAX design intent to *** with the *** while also achieving the 737 MAX *** (including, but not limited to, ***) that the market demands. If a *** leads to a *** to be available only through a *** for the *** where *** were available on the ***, or if an existing ***, then *** such affected *** will have the necessary agreements in place to provide ***. These ***, known as ***, will include (but not be limited to) *** that the terms of such *** are commercially reasonable.
5. | Supplier Diversity. |
Customer and Boeing agree to work towards a mutually agreeable solution for meeting diversity requirements in the supply base. Notwithstanding the foregoing sentence, Boeing agrees to (i) identify parts and equipment where Customer makes the procurement decision for potential opportunities; (ii) submit indirect reports until other options are vetted and approved; and (iii) continue to engage with Customer with regard to supplier diversity to ensure Boeing supports Customer’s requirements.
UAL-PA-03776-LA-1207650R2 | SA-8 | |
Special Matters |
Page 2 |
BOEING / UNITED AIRLINES PROPRIETARY
6. | Delivery ***. |
Customer and Boeing agree that both Customer and Boeing will have certain Aircraft ***. Such *** are provided to Customer and Boeing pursuant to Letter Agreement No. UAL-PA-03776-LA-1208869.
7. | Assignment. |
Unless otherwise noted herein, the *** described in this Letter Agreement are provided *** to Customer and in consideration of ***. Except as provided in Letter Agreement No. UAL-PA-03776-LA-1208238, this Letter Agreement cannot be assigned, in whole or in part, without the prior written consent of Boeing. ***.
8. | Confidentiality |
Customer and Boeing understand that certain commercial and financial information contained in this Letter Agreement are considered by Boeing and Customer as confidential and are subject to the terms and conditions set forth in Letter Agreement No. UAL-PA-03776-LA-1208234.
Very truly yours,
THE BOEING COMPANY | ||
By: | /s/ Xxxx X Xxxxxxx | |
Its: | Attorney-in-Fact |
UAL-PA-03776-LA-1207650R2 | SA-8 | |
Special Matters |
Page 3 |
BOEING / NITED AIRLINES PROPRIETARY
ACCEPTED AND AGREED TO this | ||
Date: | June 7, 2017 | |
UNITED AIRLINES, INC. | ||
By: | /s/ Xxxxxx Xxxxxxxx | |
Its: | Senior Vice President Finance, Procurement and Treasurer |
UAL-PA-03776-LA-1207650R2 | SA-8 | |
Special Matters |
Page 4 |
BOEING / UNITED AIRLINES PROPRIETARY
Attachment 1 to Letter Agreemrnt UAL-PA-03776-LA-1207650R2: ***
***
Current scenario:
Year |
787-10 *** | 787-10 *** | 777-300*** | 737 MAX *** and *** |
*** and **** | Total Cashflow |
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*** |
*** | *** | *** | |||||||||||||||||||||||||||||
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Total |
*** | *** | *** | *** | *** | *** | Discount Rate | ***% | ||||||||||||||||||||||||
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PV (***%) |
*** | *** | *** | *** | *** | *** | *** | $*** | ||||||||||||||||||||||||
Alternative scenario:
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Col. 1 |
Col. 2 | Col. 3 | Col. 4 | Col. 5 | Col. 6 | Col. 7 | ||||||||||||||||||||||||||
Year |
787-10 *** | 787-10 *** | 777-300*** | Special 737-7 *** and *** |
***+ | Total Cashflow |
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*** |
*** | *** | *** | *** | *** | *** | ||||||||||||||||||||||||||
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Total |
*** | *** | *** | *** | *** | *** | ||||||||||||||||||||||||||
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PV (***%) |
*** | *** | *** | *** | *** | *** | Discount Rate | ***% | ||||||||||||||||||||||||
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*** of Boeing ***: | *** | *** | $*** |
+ - | Note: Payment dates for the “Fixed *** and ***” amounts and other related payments to Customer will be subject to adjustment as mutually agreed by the parties to reflect |
*** | incorporated by the Supplemental Agreements executed on March 7 and this Supplemental Agreement 7. *** subsequent to March 7 should be reviewed for *** to be issued in columns (5) and (6). |
UAL-PA-03776-LA-1207650R2 | SA-8 | |
Special Matters | Attachment 1 to UAL-PA-03776-LA-1207650R2, Page 1 |
BOEING / UNITED AIRLINES PROPRIETARY
Attachment 2 to Letter Agreement UAL-PA-03776-LA-1207650R2: Limited 737-9 Aircraft ***
***
Current scenario:
Year |
787-10*** | 787-10*** | 777-300*** | 737 *** and *** |
*** and **** |
Total Cashflow | ||||||||||||||||||||||||||
*** |
*** | *** | *** | |||||||||||||||||||||||||||||
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Total |
*** | *** | *** | *** | *** | *** | Discount Rate | ***% | ||||||||||||||||||||||||
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PV (***%) |
*** | *** | *** | *** | *** | *** | *** | $*** | ||||||||||||||||||||||||
Alternative scenario: *** & 4th Quarter *** Forecast:
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Year |
787-10 *** | 787-10 *** | 777-300*** | 737 MAX9 ***and *** |
*** | Total Cashflow | ||||||||||||||||||||||||||
*** |
*** | *** | *** | *** | *** | *** | ||||||||||||||||||||||||||
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Total |
*** | *** | *** | *** | *** | *** | Discount Rate | ***% | ||||||||||||||||||||||||
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PV (***%) |
*** | *** | *** | *** | *** | *** | *** | $*** |
UAL-PA-03776-LA-1207650R2 | SA-8 | |
Special Matters | Attachment 2 to UAL-PA-03776-LA-1207650R2, Page 1 |
BOEING / UNITED AIRLINES PROPRIETARY
Attachment 3 to Letter Agreement UAL-PA-03776-LA-1207650R2
***
UAL-PA-03776-LA-1207650R2 | SA-8 | |
Special Matters | Attachment 3 to UAL-PA-03776-LA-1207650R2, Page 1 |
BOEING / UNITED AIRLINES PROPRIETARY
The Boeing Company X.X. Xxx 0000 Xxxxxxx, XX 00000 2207 | ||||
UAL-PA-03776-LA-1208157R1
United Airlines, Inc.
000 Xxxxx Xxxxxx Xxxxx
Xxxxxxx, Xxxxxxxx 00000
Subject: ***
Reference: | Purchase Agreement No. PA-03776 (Purchase Agreement) between The Boeing Company (Boeing) and United Airlines, Inc. (Customer) relating to Model 737 MAX aircraft (Aircraft) |
This Letter Agreement amends and supplements the Purchase Agreement. This Letter Agreement supersedes and replaces in its entirety Letter Agreement UCH-PA-03776-LA-1208157 dated July 12, 2012.
All terms used herein and in this Letter Agreement, and not defined herein, will have the same meaning as in the Purchase Agreement.
Subject to the terms, provisions, and conditions described herein, Boeing *** Aircraft, as of the effective date (Effective Date) of the ***.
1. | Customer’s ***. |
Boeing *** Customer, at a charge as described in paragraph 3 below, *** an Aircraft *** for the respective model type. The Effective Date of such *** shall be the date that Boeing provides ***, unless otherwise mutually agreed to. *** for the applicable Aircraft ***. Boeing will use its best reasonable efforts to provide *** not later than *** after receipt of Customer’s written request.
2. | ***. |
At the time of delivery of each Aircraft, *** after delivery of an Aircraft, *** as requested by Customer. Such *** shall be ***, identifying the Aircraft Manufacturer’s Serial Number (MSN), the delivery date and the Effective Date of ***. The *** shall also indicate ***; the ***. Customer may *** subsequent to the Effective Date. If ***, then Customer *** as outlined in paragraph 3 below.
3. | ***. |
*** in accordance with either the *** set forth below, at Customer’s option.
UAL-PA-03776-LA-1208157R1 | SA-8 | |
*** | Page 1 |
BOEING/UNITED AIRLINES, INC. PROPRIETARY
3.1 | Calculation of Customer’s Lease Payment for Affected Aircraft. |
If Customer elects ***, then Customer shall ***
3.2 | *** |
3.3 | *** |
3.4 | Customer’s *** |
3.5 | *** |
4. | *** |
5. | Confidential Treatment. |
Customer and Boeing understand that certain commercial and financial information contained in this Letter Agreement are considered by Boeing and Customer as confidential and are subject to the terms and conditions set forth in Letter Agreement No. UAL-PA-03776-LA-1208234.
UAL-PA-03776-LA-1208157R1 | SA-8 | |
*** | Page 2 |
BOEING / UNITED AIRLINES, INC. PROPRIETARY
Very truly yours,
THE BOEING COMPANY | ||
By | /s/ Xxxx X Xxxxxxx | |
Its | Attorney-in-Fact | |
ACCEPTED AND AGREED TO this | ||
Date: | June 7, 2017 | |
UNITED AIRLINES, INC. | ||
By | /s/ Xxxxxx Xxxxxxxx | |
Its | Senior Vice President Finance, Procurement and Treasurer |
UAL-PA-03776-LA-1208157R1 | SA-8 | |
*** | Page 3 |
BOEING / UNITED AIRLINES, INC. PROPRIETARY
Attachment A to Letter Agreement UAL-PA-03776-LA-1208157R1
Date:
United Airlines, Inc.
000 Xxxxx Xxxxxx Xxxxx
Xxxxxxx, Xxxxxxxx 00000
Attention: | *** | |
Reference: | Letter Agreement UAL-PA-03776-LA-1208157R1E to Purchase Agreement 03776 |
***
Very truly yours,
THE BOEING COMPANY
By:
Its:
Attachment A to UAL-PA-03776-LA-1208157R1 | SA-8 | |
*** | Page 1 |
BOEING / UNITED AIRLINES, INC. PROPRIETARY
Attachment A: Reference Weight Data at Inception of the Program
737-9 |
MTOW |
MLW | MZFW | |||
Purchased Weight | *** | *** | *** | |||
Certified Weight | *** | *** | *** | |||
Hinge or Midpoint Weight | *** | *** | *** |
737-8 |
MTOW |
MLW | MZFW | |||
Purchased Weight |
*** | *** | *** | |||
Certified Weight |
*** | *** | *** | |||
Hinge or Midpoint Weight |
*** | *** | *** |
737-7 |
MTOW |
MLW | MZFW | |||
Purchased Weight | *** | *** | *** | |||
Certified Weight | *** | *** | *** | |||
Hinge or Midpoint Weight | *** | *** | *** |
Attachment A to UAL-PA-03776-LA-1208157R1 | SA-8 | |
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BOEING / UNITED AIRLINES, INC. PROPRIETARY
Attachment B to Letter Agreement UAL-PA-03776-LA-1208157R1
***
Attachment B to UAL-PA-03776-LA-1208157R1 | SA-8 | |
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BOEING / UNITED AIRLINES, INC. PROPRIETARY
The Boeing Company X.X. Xxx 0000 Xxxxxxx, XX 00000-0000 |
UAL-PA-3776-LA-1606848R1
United Airlines, Inc.
000 Xxxxx Xxxxxx Xxxxx
Xxxxxxx, Xxxxxxxx 00000
Subject: | *** Special MAX9 Aircraft |
Reference: | Purchase Agreement No. PA-03776 (Purchase Agreement) between The Boeing Company (Boeing) and United Airlines, Inc. (Customer) relating to Model 737 MAX aircraft (Aircraft) |
This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement. References to the Purchase Agreement are to the Purchase Agreement as amended from time to time, including by way of this Letter Agreement and other letter agreements between Boeing and Customer. This Letter Agreement supersedes and replaces in its entirety Letter Agreement UAL-PA-03776-LA-1606848 dated December 27, 2016.
1. | *** |
Customer has the right to *** the delivery of any of the *** Special MAX9 Aircraft from *** delivery month into ***, pursuant to the terms of this Letter Agreement (***). For the avoidance of doubt, the aggregate maximum number of *** is ***.
2. | Notice Requirement. |
Customer will provide written notice (*** Notice) of its intent to *** purchase of any eligible Special MAX9 Aircraft no later than the Exercise Notice Due Date specified in Attachment 1 to this Letter Agreement. Each such *** Special MAX9 Aircraft, once confirmed with Boeing as specified in Section 4 herein, is referred to herein as an *** Aircraft.
3. | ***. |
The *** of Special MAX9 Aircraft which can be *** into *** is specified in Attachment 1 to this Letter Agreement.
UAL-PA-3776-LA-1606848R1 | SA-8 | |
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BOEING PROPRIETARY
4. | Definitive Agreement. |
If Customer agrees with the *** in the *** Confirmation, then the parties will sign a definitive agreement to incorporate the *** for each *** Aircraft (Supplemental Agreement) within *** of the *** Confirmation. The Supplemental Agreement will include the provisions of the Purchase Agreement as modified to reflect the provisions of this Letter Agreement. In the event the parties *** a Supplemental Agreement within *** following *** Confirmation, either party may *** of a Special MAX9 Aircraft by giving written notice to the other within ***. If Customer and Boeing *** Supplemental Agreement, then the delivery month of such Special MAX9 Aircraft is *** specified in the *** Confirmation.
5. | BFE. |
The BFE *** dates *** to support the scheduled delivery month of any applicable *** Aircraft.
6. | Assignment. |
Except as provided in Letter Agreement No. UAL-PA-03776-LA-1208238, the rights and obligations described in this Letter Agreement are provided to Customer in consideration of Customer’s ***.
7. | Confidential Treatment. |
Customer and Boeing understand that certain commercial and financial information contained in this Letter Agreement are considered by Boeing and Customer as confidential and are subject to the terms and conditions set forth in Letter Agreement No. UAL-PA-03776-LA-1208234.
Very truly yours,
THE BOEING COMPANY | ||
By: | Xxxx X Xxxxxxx | |
Its: | Attorney-In-Fact |
UAL-PA-3776-LA-1606848R1 | SA-8 | |
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BOEING PROPRIETARY
ACCEPTED AND AGREED TO this | ||
Date: | June 7, 2017 | |
UNITED AIRLINES, INC. | ||
By: | /s/ Xxxxxx Xxxxxxxx | |
Its: | Senior Vice President Finance, Procurement and Treasurer |
UAL-PA-3776-LA-1606848R1 | SA-8 | |
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BOEING PROPRIETARY
Attachment 1: *** Notice Due Date for *** Special MAX9 Aircraft
*** |
Annual Limitation Specifics |
*** Delivery Month | *** Due Date | |||
*** | *** | *** | *** | |||
** | *** | *** | *** |
Attachment 1 to UAL-PA-3776-LA-1606848R1 | SA- 8 | |
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BOEING PROPRIETARY