NOTICE: The text below was created automatically and may contain errors and differences from the contract's original PDF file. Learn more hereEX10.2 4 exhibit_102.htm EXHIBIT 10.2
Table of Contents
THIRD AMENDMENT TO THE AGREEMENT OF COMMITMENT OF PURCHASE AND SALE AND OTHER
COVENANTS entered into by and between:
PETROBRAS DISTRIBUIDORA S.A., headquartered at Rua General Canabarro 500, ground floor, 6th and 11th (sections),
12th to 16th floors, City of Rio de Janeiro, corporate taxpayer registered with the Ministry of Finance under No. CNPJ
34.274.233/000102, herein represented under the terms of its Articles of Incorporation by the Executive Manager of Aviation
Products, Mr. Francelino da Silva Paes and by its Marketing Manager for Air Companies, Mr. Cláudio Dissenha Portes,
hereinafter referred to as “BR” and, on the other side,
VRG LINHAS AÉREAS S.A., a corporation organized and existing under the laws of Brazil, a corporate taxpayer registered
with the Ministry of Finance under No. CNPJ/MF 07.575.651/000400, headquartered at Praça Comandante Linneu Gomes,
s/n, Portaria 3, Prédio 15, Piso Superior, Aeroporto, São Paulo, SP, CEP 04626020, herein represented by one of its directors
duly elected at a Shareholders' Meeting, hereinafter referred to as the “COMMITTED BUYER” have mutually agreed upon to
enter into this Amendment which shall be governed by the following clauses and conditions:
Whereas on April 12, 2007 BR and the COMMITTED BUYER entered into an Agreement for Purchase and Sale and Other
Covenants covering the supply by BR of aviation kerosene (JET A1) for the term of thirtynine (39) months from 04/11/2007 to
Whereas on 04/07/2009, the parties entered into the First Amendment to the Agreement now being amended, extending its
validity term till 07/01/2011;
Whereas on 01/19/2011, retroactively to 10/21/2010, the parties entered into the Second Amendment to the Agreement now
being amended, extending its validity term till 07/31/2014 and changing the clause that governs the portion called “Fixed
Differential”, which is part of the final price of the aviation kerosene (JET A1) supplied by BR;
Whereas the parties now wish to extend the Agreement Term till 12/31/2014 and also amend Clause 188.8.131.52 of the Agreement.
The parties hereto have entered into this AMENDMENT TO THE AGREEMENT which shall be governed by the clauses and
conditions below, generating retroactive effects as from October 1, 2011.
1.1 This AMENDMENT TO THE AGREEMENT is intended to extend the validity term of the Agreement now being
amended, changing Clause 1.1 to become effective with this wording;
“1.1. BR is committed to sell to the COMMITTED BUYER which, in turn, is committed to purchase from BR, on an
exclusive basis, starting on 04/11/2007 and ending on 12/31/2014, the quantities of aviation kerosene (JETA1) that
represent the total consumption of the COMMITTED BUYER, at all the airports where BR has aircraft fueling facilities
in Brazil. In case of aircraft fueling abroad, the consumption will be stipulated based on a prior agreement in writing
between the parties, there being no exclusiveness in this respect.
2.1. This Amendment to the Agreement also has the following purposes:
(i) Replace Annex I to the Agreement now being amended by Annex I hereto;
(ii) Change Clause 184.108.40.206. of the Agreement that becomes effective with this wording:
“220.127.116.11. [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per cent discount will be granted over the
fixed differentials effective in September 2011 to be applied on a monthly basis to the supplies from October 1,
2011 to December 31, 2014."
(iii) Exclude items 18.104.22.168, 22.214.171.124 and 126.96.36.199 from the amended Agreement.
2.2. The fixed differentials applied in September 2011 will be adjusted for inflation based on the IPCA index accumulated
variation (from May of the current year to April of next year). If the IPCA index accumulated annual variation is equal to or
higher than five per cent (5%), the provisions of Clauses 3.4.3 and 2.4.4 of the Agreement will apply.
THIRD CLAUSE – GENERAL PROVISIONS
3.1 The parties hereto expressly ratify all the clauses and conditions of the Agreement and its subsequent amendments that
have not been changed by this instrument.
3.2 This amendment generates effects that are retroactive to October 1, 2011.
In witness whereof, the parties sign this instrument in three (3) counterparts in the presence of the undersigned witnesses.
Rio de Janeiro, December 8, 2011.
PETROBRAS DISTRIBUIDORA S/A
Francelino da Silva Paes
Cláudio Dissenha Portes
VRG LINHAS AEREAS S.A.
VRG LINHAS AEREAS S.A.
DIFFERENTIALS PER LOCATION
CAXIAS DO SUL
CRUZEIRO DO SUL
JUAZEIRO DO NORTE
RIO DE JANEIRO/GALEÃO
RIO DE JANEIRO/S.DUMONT
SÃO JOSÉ DO RIO PRETO
SÃO JOSÉ DOS CAMPOS
[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH
THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL