EX-10.2 3 a13-19775_1ex10d2.htm EX-10.2

EXHIBIT 10.2

 

CONFIDENTIAL TREATMENT

REQUESTED PURSUANT TO RULE 24b-2

 

Supplemental Agreement No. 2

 

to

 

Purchase Agreement No. 03791

 

between

 

THE BOEING COMPANY

 

and

 

AIR LEASE CORPORATION

 

 

THIS SUPPLEMENTAL AGREEMENT is entered into as of September 13, 2013 (Supplemental Agreement No. 2) by and between THE BOEING COMPANY (Boeing) and AIR LEASE CORPORATION (Customer);

 

WHEREAS, Boeing and Customer have entered into Purchase Agreement No. 03791 dated as of July 3, 2012 as amended and supplemented (Purchase Agreement) relating to the purchase and sale of Model 737-8 and 737-9 aircraft (Aircraft);

 

WHEREAS, Boeing and Customer agree to amend the Purchase Agreement to document Customer’s purchase of two (2) firm Model 737-8 aircraft and two (2) firm Model 737-9 aircraft (New Firm Aircraft);

 

WHEREAS, Boeing and Customer agree to amend the Purchase Agreement to revise the [*]; and

 

WHEREAS, Boeing and Customer agree to amend the Purchase Agreement to incorporate Letter Agreement Number HAZ-PA-03791-LA-1300032, [*].

 

 

All terms used but not defined in this Supplemental Agreement No. 2 have the same meaning as in the Purchase Agreement.

 

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 of the Purchase Agreement is deleted in its entirety and replaced by a new Table of Contents, attached as Enclosure 1 to this Supplemental

 

 

* Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.

HAZ-PA-03791

SA-2

1

BOEING PROPRIETARY

 


 

Agreement No. 2, which reflects the revisions set forth in this Supplemental Agreement No. 2.

 

2.         TABLES.

 

(a)       Table 1A to Purchase Agreement No. 03791, 737-8 Aircraft Delivery, Description, Price and Advance Payments, is deleted in its entirety and replaced by a revised Table 1A, attached as Enclosure 2 to this Supplemental Agreement No. 2, which reflects the addition of two (2) Model 737-8 aircraft identified by MSNs 60387 and 60388 and scheduled to deliver in [*] and [*] respectively.

 

(b)       Table 1B to Purchase Agreement No. 03791, 737-8 Aircraft Delivery, Description, Price and Advance Payments, is deleted in its entirety and replaced by a revised Table 1B, attached as Enclosure 3 to this Supplemental Agreement No. 2, which reflects the addition of two (2) Model 737-9 aircraft identified by MSNs 60389 and 60390 and scheduled to deliver in [*] and [*] respectively.

 

3.         LETTER AGREEMENTS.

 

(a)       Attachment A to Letter Agreement HAZ-PA-03791-LA-1208079, [*], is deleted in its entirety and replaced with a revised Attachment A (identified by “SA-2”), attached as Enclosure 4 to this Supplemental Agreement No. 2 and incorporated into the Purchase Agreement by this reference.  The revised Attachment A incorporates the New Firm Aircraft and is otherwise updated to be consistent with the scheduled delivery dates previously revised in Supplemental Agreement No. 1 to the Purchase Agreement.

 

(b)       Letter Agreement HAZ-PA-03791-LA-1208089, [*], is deleted in its entirety and replaced with a revised Letter Agreement HAZ-PA-03791-LA-1208089R1, attached as Enclosure 5 to this Supplemental Agreement No. 2 and incorporated into the Purchase Agreement by this reference.  Letter Agreement HAZ-PA-03791-LA-1208089R1 revises the [*].

 

(c)        To document its previous execution and as an administrative matter, Letter Agreement HAZ-PA-03791-LA-1300032, [*], is added to the Table of Contents and, by this reference, is incorporated into the Purchase Agreement.

 

4.         ADDITIONAL CONDITIONS.

 

(a)       This Supplemental Agreement No. 2 is contingent upon the prior or concurrent execution of Supplemental Agreement No. 2 to Purchase Agreement No. 03659, and Boeing’s receipt of payment required thereunder.

 

(b)       All Advance Payment amounts Customer owes Boeing as a result of the execution of this Supplemental Agreement will be paid to Boeing at the time of execution.

 

 

The Purchase Agreement will be deemed to be amended to the extent herein provided and as so amended will continue in full force and effect.

 

 

* Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.

 

HAZ-PA-03791

SA-2

2

BOEING PROPRIETARY

 


 

EXECUTED IN DUPLICATE as of the day and year first above written.

 

THE BOEING COMPANY

 

AIR LEASE CORPORATION

 

 

 

 

 

By:

/s/ Ken K. Takahashi

 

 

By:

/s/ Grant Levy

 

 

 

 

 

 

 

 

 

 

Its:

Attorney-In-Fact

 

 

Its:

Executive Vice President

 

 

 

Attachments

 

HAZ-PA-03791

SA-2

3

BOEING PROPRIETARY

 


 

Enclosure 1

 

TABLE OF CONTENTS

 

ARTICLES

 

SA No.

Article 1.

Quantity, Model and Description

 

Article 2.

Delivery Schedule

 

Article 3.

Price

 

Article 4.

Payment

 

Article 5.

Additional Terms

 

 

TABLE

 

 

1A.

737-8 Aircraft Information Table

SA-2

1B.

737-9 Aircraft Information Table

SA-2

 

EXHIBIT

 

 

A1.

737-8 Aircraft Configuration

 

A2.

737-9 Aircraft Configuration

 

B.

Aircraft Delivery Requirements and Responsibilities

 

 

SUPPLEMENTAL EXHIBITS

 

AE1.

Escalation Adjustment - Airframe and Optional Features

 

BFE1.

BFE Variables

 

CS1.

Customer Support Variables

 

EE1.

[*], Engine Warranty and Patent Indemnity

 

SLP1.

Service Life Policy Components

 

 

LETTER AGREEMENTS

 

LA-1208077

AGTA Matters

 

LA-1208078

Advance Payment Matters

 

LA-1208079

[*]

 

 

Attachment A

SA-2

LA-1208080

Assignment of Customer’s Interest to a Subsidiary or Affiliate

 

LA-1208081

Other Matters

 

LA-1208082

Demonstration Flight Waiver

 

LA-1208083

[*]

 

LA-1208084

Leasing Matters

 

LA-1208085

Liquidated Damages for Non-Excusable Delay

 

LA-1208086

Loading of Customer Software

 

LA-1208087

Open Matters for 737-8 and 737-9 Aircraft

 

LA-1208088

Performance Matters

 

LA-1208089R1

[*]

SA-2

LA-1208090

Special Matters

 

LA-1208091

AGTA Term Revisions for 737-8 and 737-9 Aircraft

 

LA-1208092

[*]

 

LA-1208958

[*]

 

LA-1208963

[*]

 

 

*   Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.

 

HAZ-PA-03791

SA-2

 

BOEING PROPRIETARY

 


 

 

Enclosure 1

 

LA-1209052

[*]

 

LA-1300032

[*]

SA-2

 

*      Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.

 

HAZ-PA-03791

SA-2

 

BOEING PROPRIETARY

 


 

 

Table 1A

Enclosure 2

 

to Purchase Agreement No. 03791

 

 

737-8 Aircraft Delivery, Description, Price and Advance Payments

 

 

 

Airframe Model/MTOW:

737-8

181200 pounds

 

Detail Specification:

D019A007-B (5/18/2012)

4Q11 External Fcst - Engines

Engine Model/Thrust:

CFM-LEAP-1B

0 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:

[*]

 

 

 

 

Refundable Deposit/Aircraft at Proposal Accept:

[*]

 

 

 

 

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

 

 

 

 

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*] 2017

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43294**

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43295**

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43296**

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

60387

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

43297**
43298**

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

 


 

 

Table 1A

Enclosure 2

 

to Purchase Agreement No. 03791

 

 

737-8 Aircraft Delivery, Description, Price and Advance Payments

 

 

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

 

 

 

 

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43328**

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43302**

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43299
43300*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43301

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

43303, 60388

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43304*
43316

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43305
43306

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43307
43315

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

 


 

 

Table 1A

Enclosure 2

 

to Purchase Agreement No. 03791

 

 

737-8 Aircraft Delivery, Description, Price and Advance Payments

 

 

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

 

 

 

 

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]

 

43308*
43309

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43310
43313*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

43311
43312

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43317*
43318
43319

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43320
43321

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43323
43324
43345*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43325
43327*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43347
43329*
43330

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

 


 

 

Table 1A

Enclosure 2

 

to Purchase Agreement No. 03791

 

 

737-8 Aircraft Delivery, Description, Price and Advance Payments

 

 

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

 

 

 

 

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]

 

43331
43332*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43335
43334

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43338
43336

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43340*
43341

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43342
43343
43344*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43349
43350
43351*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43352
43354

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43355*
43357

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

 


 

 

Table 1A

Enclosure 2

 

to Purchase Agreement No. 03791

 

 

737-8 Aircraft Delivery, Description, Price and Advance Payments

 

 

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

 

 

 

 

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]

 

43358*
43359

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43361
43362
43377

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43363
43364
43378

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43366
43367*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43368
43369
43370*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43372
43373

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43375
43376*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43380

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

 


 

 

Table 1A

Enclosure 2

 

to Purchase Agreement No. 03791

 

 

737-8 Aircraft Delivery, Description, Price and Advance Payments

 

 

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

 

 

 

 

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43382

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43383
43384*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43386*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43387*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43388

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43390

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43392

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*] 2022

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

Total:

82

 

 

 

 

 

 

 

 

 

 

[*]

* [*]

** [*]

 

* Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.

 


 

 

Table 1B

Enclosure 3

 

to Purchase Agreement No. PA-03791

 

 

737-9 Aircraft Delivery, Description, Price and Advance Payments

 

 

 

Airframe Model/MTOW:

737-9

194700 pounds

 

Detail Specification:

D019A007-B (5/18/2012)

4Q11 External Fcst - Engines

Engine Model/Thrust:

CFM-LEAP-1B

0 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:

[*]

 

 

 

 

Refundable Deposit/Aircraft at Proposal Accept:

[*]

 

 

 

 

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

 

 

 

 

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*] 2020

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43322*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

43326, 60389

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43333

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43314

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43337*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

 


 

 

Table 1B

Enclosure 3

 

to Purchase Agreement No. PA-03791

 

 

737-9 Aircraft Delivery, Description, Price and Advance Payments

 

 

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

 

 

 

 

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43339

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43353*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43356

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

43360, 60390

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43365

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43371*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43374

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43379

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

 


 

 

Table 1B

Enclosure 3

 

to Purchase Agreement No. PA-03791

 

 

737-9 Aircraft Delivery, Description, Price and Advance Payments

 

 

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

 

 

 

 

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43381

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43393

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43385

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43389*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43346

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43391

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

43348

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*] 2022

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

Total:

22

 

 

 

 

 

 

 

 

 

 

[*]

 

* [*]

 

* Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.

 


 

 

Attachment A

Enclosure 4

 

to Letter Agreement No. HAZ-PA-03791-LA-1208079

 

 

737-9 [*] Aircraft Delivery, Description, Price and Advance Payments

 

 

 

Airframe Model/MTOW:

737-9

194700 pounds

 

Detail Specification:

D019A007-B (5/18/2012)

4Q11 External Fcst - Engines

Engine Model/Thrust:

CFM-LEAP-1B

0 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:

[*]

 

 

 

 

 

 

 

 

 

 

Refundable Deposit/Aircraft at Proposal Accept:

[*]

 

 

 

 

 

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

 

 

 

 

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*] 2017

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43294**

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43295**

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43296**

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

60387

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43297**
43298**

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

 


 

 

Attachment A

Enclosure 4

 

to Letter Agreement No. HAZ-PA-03791-LA-1208079

 

 

737-9 [*] Aircraft Delivery, Description, Price and Advance Payments

 

 

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

 

 

 

 

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43328**

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43302**

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43299
43300*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43301

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43303, 60388

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43304*
43316

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43305
43306

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43307
43315

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

 


 

 

Attachment A

Enclosure 4

 

to Letter Agreement No. HAZ-PA-03791-LA-1208079

 

 

737-9 [*] Aircraft Delivery, Description, Price and Advance Payments

 

 

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

 

 

 

 

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]

 

43308*
43309

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43310
43313*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43311
43312

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43317*
43318
43319

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43320
43321

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43323
43324
43345*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43325
43327*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43347
43329*
43330

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

 


 

 

Attachment A

Enclosure 4

 

to Letter Agreement No. HAZ-PA-03791-LA-1208079

 

 

737-9 [*] Aircraft Delivery, Description, Price and Advance Payments

 

 

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

 

 

 

 

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]

 

43331
43332*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43335
43334

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43338
43336

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43340*
43341

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43342
43343
43344*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43349
43350
43351*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43352
43354

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43355*
43357

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

 


 

 

Attachment A

Enclosure 4

 

to Letter Agreement No. HAZ-PA-03791-LA-1208079

 

 

737-9 [*] Aircraft Delivery, Description, Price and Advance Payments

 

 

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

 

 

 

 

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]

 

43358*
43359

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43361
43362
43377

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43363
43364
43378

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43366
43367*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43368
43369
43370*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43372
43373

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43375
43376*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43380

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

 


 

 

Attachment A

Enclosure 4

 

to Letter Agreement No. HAZ-PA-03791-LA-1208079

 

 

737-9 [*] Aircraft Delivery, Description, Price and Advance Payments

 

 

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

 

 

 

 

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]

 

43382

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43383
43384*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43386*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43387*

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43388

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43390

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

43392

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*] 2022

 

[*]

 

 

[*]

[*]

[*]

[*]

[*]

Total

 

 

 

 

 

 

 

 

 

 

 

[*]

* [*]

** [*]

 

* Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.

 


 

 

Enclosure 5

 

 

The Boeing Company

P.O. Box 3707

Seattle, WA 98124-2207

 

 

HAZ-PA-03791-LA-1208089R1

 

 

Air Lease Corporation

2000 Avenue of the Stars, Suite 1000N

Los Angeles, CA 90067

 

Subject:                                     [*]

 

Reference:     Purchase Agreement No. PA-03791 (Purchase Agreement) between The Boeing Company (Boeing) and Air Lease Corporation (Customer) relating to Model 737-8 and 737-9 aircraft (Aircraft)

 

This letter agreement (Letter Agreement) cancels and supersedes Letter Agreement No. HAZ-PA-03791-LA-1208089 and 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.

 

1.            [*].

 

1.1                          [*]

 

 

 

* Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.

 

21975737.1 HAZ-PA-03791-LA-1208089R1

SA-2

 

[*]

Page 1

 

BOEING PROPRIETARY

 


 

 

 

1.2                          [*]

 

1.3                          [*]

 

1.4                          [*]

 

 

 

* Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.

 

HAZ-PA-03791-LA-1208089R1

SA-2

 

[*]

Page 2

 

BOEING PROPRIETARY

 


 

 

 

1.5                          [*]

 

1.6                          [*]

 

2.            Assignment.

 

Notwithstanding any other provisions of the Purchase Agreement, the rights and obligations described in this Letter Agreement are provided to Customer in consideration of Customer’s taking title to the Aircraft at the time of delivery and leasing the Aircraft and cannot be assigned in whole or, in part.

 

3.                                   Confidential Treatment.

 

Customer understands and agrees that the information contained herein represents confidential business information of Boeing and has value precisely because it is not available generally or to other parties.  Customer agrees to limit the disclosure of its contents to (a) its directors and officers, (b)  employees of Customer with a need to know the contents for performing its obligations (including, without limitation, those employees performing accounting, finance, administration and other functions necessary to finance and purchase, deliver or lease the Aircraft) and who understand they are not to disclose its contents to any other person or entity (other than those to whom disclosure is permitted by this paragraph 3) without the prior written consent of Boeing and (c) any auditors, financial advisors, attorneys and independent contractors of Customer who have a need to know such information and have signed a confidentiality agreement in the same form and substance similar to this paragraph 3.  Customer shall be fully responsible to Boeing for compliance with such obligations.

 

 

 

* Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.

 

HAZ-PA-03791-LA-1208089R1

SA-2

 

[*]

Page 3

 

BOEING PROPRIETARY

 


 

 

 

Very truly yours,

 

THE BOEING COMPANY

 

 

 

By

/s/ Ken Takahashi

 

 

 

Its

Attorney-In-Fact

 

 

 

ACCEPTED AND AGREED TO this

 

 

 

Date:

September 13, 2013

 

 

 

AIR LEASE CORPORATION

 

 

 

By

/s/ Grant Levy

 

 

 

Its

Executive Vice President

 

 

 

HAZ-PA-03791-LA-1208089R1

SA-2

 

[*]

Page 4

 

BOEING PROPRIETARY