0000950123-10-025727 Sample Contracts

1,600,000 SHARES COPA HOLDINGS, S.A. CLASS A COMMON STOCK, NO PAR VALUE UNDERWRITING AGREEMENT

Copa Holdings, S.A. • March 18th, 2010 • Air transportation, scheduled • New York

• Company
  Copa Holdings, S.A.
• Filed
  March 18th, 2010
• Industry
  Air transportation, scheduled
• Jurisdiction
  New York

Corporacion de Inversiones Aereas, S.A. (the “Selling Shareholder”) proposes to sell to Morgan Stanley & Co. Incorporated (“Morgan Stanley” or the “Underwriter”), an aggregate of 1,600,000 shares of Class A Common Stock, without par value (the “Firm Shares”) of Copa Holdings, S.A., a Panamanian corporation (the “Company”).