SUPPLEMENTAL AGREEMENTSupplemental Agreement • May 13th, 2008 • Copa Holdings, S.A. • Air transportation, scheduled
This Supplemental Agreement (this “Agreement”) dated as of May 13, 2008, by and among Copa Holdings, S.A., a corporation (sociedad anonima) duly organized and validly existing under the laws of Panama (the “Company”), Corporacion de Inversiones Aereas, S.A., a corporation (sociedad anonima) duly organized and validly existing under the laws of Panama (“CIASA”), and Continental Airlines, Inc., a corporation duly organized and validly existing under the laws of the State of Delaware (“Continental” and together with CIASA, the “Current Shareholders”). Each of the Company, CIASA and Continental may be referred to as a “Party,” and collectively, the “Parties.”
SHARES COPA HOLDINGS, S.A. CLASS A COMMON STOCK, NO PAR VALUE UNDERWRITING AGREEMENTUnderwriting Agreement • May 13th, 2008 • Copa Holdings, S.A. • Air transportation, scheduled • New York
The undersigned understands that Morgan Stanley & Co. Incorporated (“Morgan Stanley”) proposes to enter into an Underwriting Agreement (the “Underwriting Agreement”) with Copa Holdings, S.A. a Panamanian corporation (the “Company”), providing for the public offering (the “Public Offering”) by the several Underwriters (the “Underwriters”), including Morgan Stanley as the representative (the “Representative”) of the several Underwriters, of shares (the “Shares”) of Class A Common Stock, without par value, of the Company (the “Common Stock”).
