EXHIBIT 10.1

 

CONFIDENTIAL TREATMENT

REQUESTED PURSUANT TO RULE 24b-2

 

Supplemental Agreement No. 5

 

to

 

Purchase Agreement No. PA-03658

 

between

 

The Boeing Company

 

and

 

Air Lease Corporation

 

 

This Supplemental Agreement is entered into as of February 27, 2013
(Supplemental Agreement No. 5) by and between THE BOEING COMPANY (Boeing) and
AIR LEASE CORPORATION (Customer).

 

All terms used but not defined in this Supplemental Agreement No. 5 have the
same meaning as in the Purchase Agreement.

 

WHEREAS, Boeing and Customer have entered into Purchase Agreement No. PA-03658
dated as of August 5, 2011 (the Purchase Agreement) relating to the purchase and
sale of model 777-300ER aircraft (Aircraft);

 

WHEREAS, Boeing and Customer desire to amend the Purchase Agreement to designate
the five (5) Aircraft already contracted under the Purchase Agreement prior to
this Supplemental Agreement No. 5 as Block A Aircraft; and

 

WHEREAS, Boeing and Customer have reached agreement on the sale and purchase of
ten (10) additional model 777-300ER aircraft, and Boeing and Customer desire to
amend the Purchase Agreement to add the ten (10) additional 777-300ER aircraft
to the Purchase Agreement, and to designate such additional 777-300ER aircraft
as Block B Aircraft in order to differentiate the applicable base year and
business terms of the Block B Aircraft from those of the Block A Aircraft.

 

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, provided as Enclosure 1 to this
Supplemental Agreement No. 5 and hereby incorporated into the Purchase
Agreement.  The new Table of Contents reflects the revisions set forth in this
Supplemental Agreement No. 5.

 

 

HAZ-PA-03658

BOEING PROPRIETARY

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i

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2.                                   ARTICLES.

 

Pages 3 and 4 of the Purchase Agreement are deleted in their entirety and
replaced by revised pages 3 and 4, provided as Enclosure 2 to this Supplemental
Agreement No. 5 and hereby incorporated into the Purchase Agreement.  The
revised pages 3 and 4 update Articles 1, 2, 3, 4, and 5 to reflect the addition
of the Block B Aircraft to the Purchase Agreement.

 

3.                                   TABLE 1.

 

a.                                   Table 1 to Purchase Agreement No. PA-03658,
Aircraft Information Table, is deleted in its entirety and replaced by Table 1A
to Purchase Agreement No. PA-03658, Block A Aircraft Information Table, provided
as Enclosure 3 to this Supplemental Agreement No. 5 and hereby incorporated into
the Purchase Agreement.  Table 1A contains delivery, description, price, and
advance payment information for the Block A Aircraft.

 

b.                                   A new Table 1B to Purchase Agreement
No. PA-03658, Block B Aircraft Information Table, provided as Enclosure 4 to
this Supplemental Agreement No. 5, is hereby incorporated into the Purchase
Agreement.  Table 1B contains delivery, description, price, and advance payment
information for the Block B Aircraft.

 

4.                                   SUPPLEMENTAL EXHIBITS.

 

Supplemental Exhibit BFE1-R3, Buyer Furnished Equipment Variables, is deleted in
its entirety and replaced by Supplemental Exhibit BFE1-R4, Buyer Furnished
Equipment Variables, provided as Enclosure 5 to this Supplemental Agreement
No. 5 and hereby incorporated into the Purchase Agreement.  Supplemental
Exhibit BFE1-R4 adds supplier selection requirements and preliminary on-dock
dates for the Block B Aircraft.

 

5.                                   LETTER AGREEMENTS.

 

a.                                   Letter agreement HAZ-PA-03658-LA-1104676,
[*], is deleted in its entirety and replaced by letter agreement
HAZ-PA-03658-LA-1104676R1, [*], provided as Enclosure 6 to this Supplemental
Agreement No. 5 and hereby incorporated into the Purchase Agreement.  Letter
agreement HAZ-PA-03658-LA-1104676R1 revises a reference to reflect the current
version of the Leasing Matters letter agreement contained in the Purchase
Agreement.

 

b.                                   Letter agreement HAZ-PA-03658-LA-1104677,
Open Configuration Matters, is deleted in its entirety and replaced by letter
agreement HAZ-PA-03658-LA-1104677R1, Open Configuration Matters, provided as
Enclosure 7 to this Supplemental

 

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

 

HAZ-PA-03658

BOEING PROPRIETARY

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ii

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Agreement No. 5 and hereby incorporated into the Purchase Agreement.  Letter
agreement HAZ-PA-03658-LA-1104677R1 reflects the basic specifications applicable
to the Block A Aircraft and the Block B Aircraft and the configuration schedule
for the Aircraft.

 

c.                                    Letter agreement
HAZ-PA-03658-LA-1104679R1, Advance Payment Matters, is deleted in its entirety
and replaced by letter agreement HAZ-PA-03658-LA-1104679R2, Advance Payment
Matters, provided as Enclosure 8 to this Supplemental Agreement No. 5 and hereby
incorporated into the Purchase Agreement.  Letter agreement
HAZ-PA-03658-LA-1104679R2 identifies the advance payment schedules applicable to
the Block A Aircraft and the Block B Aircraft.

 

d.                                   Letter agreement HAZ-PA-03658-LA-1104682,
[*], is deleted in its entirety and replaced by letter agreement
HAZ-PA-03658-LA-1104682R1, [*], provided as Enclosure 9 to this Supplemental
Agreement No. 5 and hereby incorporated into the Purchase Agreement.  [*]

 

e.                                   Letter agreement HAZ-PA-03658-LA-1104684R1,
Leasing Matters, is deleted in its entirety and replaced by letter agreement
HAZ-PA-03658-LA-1104684R2, Leasing Matters, provided as Enclosure 10 to this
Supplemental Agreement No. 5 and hereby incorporated into the Purchase
Agreement.  Letter agreement HAZ-PA-03658-LA-1104684R2 contains, among other
things, the Code 1 Introductions (as such term is defined in the letter
agreement) available for the Aircraft.

 

f.                                       Letter agreement
HAZ-PA-03658-LA-1104687, Special Matters, is deleted in its entirety and
replaced by letter agreement HAZ-PA-03658-LA-1104687R1, Special Matters for the
Block A Aircraft, provided as Enclosure 11 to this Supplemental Agreement No. 5
and hereby incorporated into the Purchase Agreement.  [*]

 

g.                                   A new letter agreement
HAZ-PA-03658-LA-1300235, Special Matters for the Block B Aircraft, provided as
Enclosure 12 to this Supplemental Agreement No. 5, is hereby incorporated into
the Purchase Agreement.  [*]

 

h.                                  A new letter agreement
HAZ-PA-03658-LA-1300236, [*], provided as Enclosure 13 to this Supplemental
Agreement No. 5, is hereby incorporated into the Purchase Agreement.  [*]

 

i.                                        A new letter agreement
HAZ-PA-03658-LA-1300238, [*], provided as Enclosure 14 to this Supplemental
Agreement No. 5, is hereby incorporated into the Purchase Agreement.  [*]

 

 

 

 

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

 

HAZ-PA-03658

BOEING PROPRIETARY

SA-5

iii

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j.                                        A new letter agreement
HAZ-PA-03658-LA-1300258, [*], provided as Enclosure 15 to this Supplemental
Agreement No. 5, is hereby incorporated into the Purchase Agreement.  [*]

 

6.                                   PAYMENT DUE AT SIGNING.

 

Upon signing this Supplemental Agreement No. 5, Customer will pay advance
payments in the amount of [*] to Boeing.  [*]

 

 

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.

 

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

 

 

THE BOEING COMPANY

 

AIR LEASE CORPORATION

 

 

 

 

 

 

 

BY:

/s/ Carla Melvin

 

BY:

/s/ Gregory B. Willis

 

 

 

 

 

ITS:

 Attorney-In-Fact

 

ITS:

Sr. V.P. & CFO

 

Attachments

 

 

 

 

 

 

 

 

 

 

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

 

HAZ-PA-03658

BOEING PROPRIETARY

SA-5

iv

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Enclosure 1

 

TABLE OF CONTENTS

 

 

 

SA

ARTICLES

 

NUMBER

Article 1.

Quantity, Model and Description

SA-5

Article 2.

Delivery Schedule

SA-5

Article 3.

Price

SA-5

Article 4.

Payment

SA-5

Article 5.

Additional Terms

SA-5

 

 

 

TABLE

 

 

1A.

Block A Aircraft Information Table

SA-5

1B.

Block B Aircraft Information Table

SA-5

 

 

 

EXHIBIT

 

 

A1.

HAZ/BAB 777-336ER Aircraft Configuration

SA-4

A2.

HAZ 777-300ER Aircraft Configuration

SA-4

B.

Aircraft Delivery Requirements and Responsibilities

 

 

 

 

SUPPLEMENTAL EXHIBITS

 

AE1.

Escalation Adjustment Airframe and Optional Features

 

BFE1-R4.

BFE Variables

SA-5

CS1.

Customer Support Variables

 

EE1.

[*], Engine Warranty and Patent Indemnity

 

SLP1.

Service Life Policy Components

 

 

 

 

LETTER AGREEMENTS

 

LA-1104674

[*]

 

LA-1104675

Other Matters

 

LA-1104676R1

[*]

SA-5

LA-1104677R1

Open Configuration Matters

SA-5

LA-1104678R1

AGTA Matters

SA-1

LA-1104679R2

Advance Payment Matters

SA-5

LA-1104680

Assignment of Customer’s Interest to a Subsidiary or Affiliate

 

LA-1104681

Demonstration Flight Waiver

 

LA-1104682R1

[*]

SA-5

LA-1104683

Special Matters relating to COTS Software and End User  License Agreements

 

LA-1104684R2

Leasing Matters

SA-5

LA-1104685

Liquidated Damages – Non Excusable Delay

 

LA-1104686

Performance Guarantees

 

LA-1104687R1

Special Matters for the Block A Aircraft

SA-5

LA-1208890R1

Aircraft Slide – Manufacturer Serial Number 42120

SA-3

 

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

HAZ-PA-03658

 

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BOEING PROPRIETARY

 

i

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Enclosure 1

 

LA-1210842

Aircraft Acceleration – Manufacturer Serial Numbers 42121 and 42124

SA-4

LA-1210843

Installation of Cabin Systems Equipment - Manufacturer Serial Numbers 42121 and
42124

SA-4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HAZ-PA-03658

 

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BOEING PROPRIETARY

 

ii

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Enclosure 1

 

LETTER AGREEMENTS (continued)

 

LA-1300235

Special Matters for the Block B Aircraft

SA-5

LA-1300236

[*]

SA-5

LA-1300238

[*]

SA-5

LA-1300258

[*]

SA-5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

 

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

HAZ-PA-03658

 

SA-5

 

BOEING PROPRIETARY

 

iii

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Enclosure 2

 

Purchase Agreement No. PA-03658

 

between

 

The Boeing Company

 

and

 

Air Lease Corporation

 

This Purchase Agreement No. PA-03658 between The Boeing Company, a Delaware
corporation, (Boeing) and Air Lease Corporation, a Delaware corporation,
(Customer) relating to the purchase and sale of Model 777-300ER aircraft
together with all tables, exhibits, supplemental exhibits, letter agreements and
other attachments thereto, if any, (Purchase Agreement), was first entered into
as of August 5, 2011 then amended on January 12, 2012 to designate a new
customer code of “HAZ” for Customer, and incorporates the terms and conditions
(except as specifically set forth below) of the Aircraft General Terms Agreement
dated as of September 30, 2010 between the parties, identified as HAZ-AGTA
(AGTA).

 

1.                                   Quantity, Model and Description.

 

The aircraft to be delivered to Customer will be designated as Model 777-300ER
aircraft (Aircraft).  Boeing will manufacture and sell to Customer Aircraft
conforming to the configuration described in Exhibit A in the quantities listed
in Table 1A (the Block A Aircraft) and Table 1B (the Block B Aircraft) to the
Purchase Agreement.  The Block A Aircraft and the Block B Aircraft will be
collectively referred to as the “Aircraft”.  Exhibit A means collectively
Exhibit A1, Exhibit A2, and any other Exhibit As which may be added to the
Purchase Agreement from time to time.

 

2.                                   Delivery Schedule.

 

The scheduled months of delivery of the Block A Aircraft are listed in the
attached Table 1A. The scheduled months of delivery of the Block B Aircraft are
listed in the attached Table 1B.  Table 1A and Table 1B will be collectively
referred to as “Table 1”.  Exhibit B describes certain responsibilities for both
Customer and Boeing in order to accomplish the delivery of the Aircraft.

 

3.                                   Price.

 

3.1                          Aircraft Basic Price.  The Aircraft Basic Price is
listed in Table 1A for the Block A Aircraft, and in Table 1B for the Block B
Aircraft.  The Aircraft Basic Price is subject to escalation in accordance with
the terms of this Purchase Agreement.

 

3.2                          Advance Payment Base Prices.  The Advance Payment
Base Prices listed in Table 1 were calculated utilizing the latest escalation
factors available to Boeing as of the date each Aircraft was included as part of
this Purchase Agreement, projected to the month of scheduled delivery.

 

 

 

 

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HAZ-PA-03658

 

PA Page 3

BOEING PROPRIETARY

 

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Enclosure 2

 

4.                                   Payment.

 

4.1                          Boeing acknowledges receipt of a deposit in the
amount shown in Table 1A for each Block A Aircraft and in Table 1B for each
Block B Aircraft (in each case, the Deposit).

 

4.2                          The standard advance payment schedule for the
Model 777-300ER aircraft requires Customer to make certain advance payments,
expressed in a percentage of the Advance Payment Base Price of each Aircraft
beginning with a payment of [*], less the Deposit, on the effective date of the
Purchase Agreement for the Aircraft.  Additional advance payments for each
Aircraft are due as specified in and on the first business day of the months
listed in the attached Table 1.

 

4.3                          For any Aircraft whose scheduled month of delivery
is less than twenty-four (24) months from the date of this Purchase Agreement,
the total amount of advance payments due for payment upon signing of this
Purchase Agreement will include all advance payments which are past due in
accordance with the standard advance payment schedule set forth in paragraph 4.2
above.

 

4.4                          Customer will pay the balance of the Aircraft Price
of each Aircraft at delivery.

 

5.                                   Additional Terms.

 

5.1                          Aircraft Information Table.  Table 1A and Table 1B
for the Block A Aircraft and the Block B Aircraft, respectively, consolidate
information contained in Articles 1, 2, 3 and 4 with respect to (i) quantity of
Aircraft, (ii) applicable Detail Specification, (iii) month and year of
scheduled deliveries, (iv) Aircraft Basic Price, (v) applicable escalation
factors and (vi) Advance Payment Base Prices and advance payments and their
schedules.

 

5.2                          Escalation Adjustment/Airframe and Optional
Features.  Supplemental Exhibit AE1 contains the applicable airframe and
optional features escalation formula.

 

5.3                          Buyer Furnished Equipment Variables.  Supplemental
Exhibit BFE1 contains supplier selection dates, on dock dates and other
variables applicable to the Aircraft.

 

5.4                          Customer Support Variables.  Information, training,
services and other things furnished by Boeing in support of introduction of the
Aircraft into Customer’s fleet are described in Supplemental Exhibit CS1.

 

5.5                          [*].  Supplemental Exhibit EE1 describes the [*]
and contains the engine warranty and the engine patent indemnity for the
Aircraft.

 

5.6                          Service Life Policy Component Variables. 
Supplemental Exhibit SLP1 lists the SLP Components covered by the Service Life
Policy for the Aircraft.

 

 

--------------------------------------------------------------------------------

 

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

 

 

SA-5

HAZ-PA-03658

 

PA Page 4

BOEING PROPRIETARY

 

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Enclosure 2

 

5.7                          Public Announcement.  Boeing reserves the right to
make a public announcement regarding Customer’s purchase of the Aircraft upon
approval of Boeing’s press release by Customer’s public relations department or
other authorized representative.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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HAZ-PA-03658

 

PA Page 5

BOEING PROPRIETARY

 

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Table 1A to

Enclosure 3

 

Purchase Agreement No. PA-03658

 

 

Block A Aircraft Information Table

 

 

Airframe Model/MTOW:

 

777-300ER

775000 pounds [*]

 

 

Detail Specification:

 

D019W005-G (12/11/2009)

 

 

 

 

 

 

 

 

 

 

 

Engine Model/Thrust:

 

GE90-115BL

115300 pounds

 

 

Airframe Price Base Year/Escalation Formula:

 

[*]

[*]

 

 

 

 

 

 

 

 

 

 

 

 

Airframe Price:

 

 

[*]

 

 

Engine Price Base Year/Escalation Formula:

 

[*]

[*]

 

 

 

 

 

 

 

 

 

 

 

 

Optional Features [*]:

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-Total of Airframe and Features:

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Engine Price (Per Aircraft):

[*]

 

 

Airframe Escalation Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

Aircraft Basic Price (Excluding BFE/SPE):

[*]

 

 

Base Year Index (ECI):

 

[*]

 

 

 

 

 

 

 

 

 

Buyer Furnished Equipment (BFE) Estimate [*]:

[*]

 

 

Base Year Index (CPI):

 

[*]

 

 

 

 

 

 

 

 

 

Seller Purchased Equipment (SPE) Estimate [*]:

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposit per Aircraft:

[*]

 

 

 

 

 

 

 

 

 

 

Escalation

Manufacturer

 

 

Optional

SPE

BFE

Escalation Estimate

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

Delivery

Number of

Factor

Serial

Lessee

P.A

Features Price2

Estimate2

Estimate2

Adv Payment Base

 

 

 

 

Date

Aircraft

(Airframe)

Number

 

Exhibit A

(2010$ STE)

(2010$ STE)

(2010$ STE)

Price Per A/P

[*]

[*]

[*]

[*]

[*]-2014 [*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]-2015 [*]

1

[*]

[*]

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

Total:

5

 

 

 

 

 

 

 

 

 

 

 

 

 

Notes:

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

 

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

 

 

HAZ-PA-03658 56379, 60525, 63336

Boeing Proprietary

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Page 1

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Table 1B to

Enclosure 4

 

Purchase Agreement No. PA-03658

 

 

Block A Aircraft Information Table

 

 

Airframe Model/MTOW:

 

777-300ER

775000 pounds [*]

 

 

Detail Specification:

 

D019W005-G (1/29/2013)

 

 

 

 

 

 

 

 

 

 

 

Engine Model/Thrust:

 

GE90-115BL

115300 pounds

 

 

Airframe Price Base Year/Escalation Formula:

 

[*]

[*]

 

 

 

 

 

 

 

 

 

 

 

 

Airframe Price:

 

 

[*]

 

 

Engine Price Base Year/Escalation Formula:

 

[*]

[*]

 

 

 

 

 

 

 

 

 

 

 

 

Optional Features [*]:

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-Total of Airframe and Features:

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Engine Price (Per Aircraft):

[*]

 

 

Airframe Escalation Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

Aircraft Basic Price (Excluding BFE/SPE):

[*]

 

 

Base Year Index (ECI):

 

[*]

 

 

 

 

 

 

 

 

 

Buyer Furnished Equipment (BFE) Estimate [*]:

[*]

 

 

Base Year Index (CPI):

 

[*]

 

 

 

 

 

 

 

 

 

Seller Purchased Equipment (SPE) Estimate [*]:

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposit per Aircraft:

[*]

 

 

 

 

 

 

 

 

 

 

Escalation

Manufacturer

 

 

Optional

SPE

BFE

Escalation Estimate

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

Delivery

Number of

Factor

Serial

Lessee

P.A

Features Price2

Estimate2

Estimate2

Adv Payment Base

 

 

 

 

Date

Aircraft

(Airframe)

Number

 

Exhibit A

(2010$ STE)

(2010$ STE)

(2010$ STE)

Price Per A/P

[*]

[*]

[*]

[*]

[*]-2014

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]-2016 [*]

1

[*]

[*]

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

Total:

10

 

 

 

 

 

 

 

 

 

 

 

 

 

Notes:

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

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

 

 

HAZ-PA-03658 56379, 60525, 63336

Boeing Proprietary

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Page 1

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Enclosure 5

 

 

 

BUYER FURNISHED EQUIPMENT VARIABLES

 

between

 

THE BOEING COMPANY

 

and

 

AIR LEASE CORPORATION

 

Supplemental Exhibit BFE1-R4

to Purchase Agreement Number PA-03658

 

 

 

 

 

 

 

 

 

 

 

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HAZ-PA-03658-BFE1-R4

 

BFE1-R4 Page 1

 

 

BOEING PROPRIETARY

 

 

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Enclosure 5

 

BUYER FURNISHED EQUIPMENT VARIABLES

 

relating to

 

BOEING MODEL 777-300ER AIRCRAFT

 

This Supplemental Exhibit BFE1-R4 contains supplier selection dates, on-dock
dates and other requirements applicable to the Aircraft.

 

1.                                   Supplier Selection.

 

1.1                          Supplier Selection for Block B Aircraft Delivering
in [*].  Customer will select and notify Boeing of the suppliers and part
numbers of the following BFE items no later than the dates identified in the
following table for each Block B Aircraft that has a scheduled month of delivery
in [*].

 

Item

Notification Dates for
the [*]
Block B Aircraft:

Notification Dates for
the [*]
Block B Aircraft:

Suites

Not available for selection due to lead-time constraints

Business Class POD Seats

[*]

[*]

F/C, B/C, Premium E/C Seats

[*]

[*]

Economy Class Seats

[*]

[*]

Galley and Galley Inserts

[*]

[*]

In-Flight Entertainment

[*]

[*]

Overhead & Audio

[*]

[*]

Miscellaneous Emergency Equipment

[*]

[*]

 

 

1.2                          Supplier Selection for all Block A Aircraft and for
Block B Aircraft Delivering in [*] and [*].  Customer will select and notify
Boeing of the suppliers and part numbers of the following BFE items no later
than the timeframes identified in the following table for each Block A Aircraft
and for each Block B Aircraft that has a scheduled month of delivery in [*] and
[*].  For Block B Aircraft scheduled for delivery in [*] (as identified in Table
1B to the Purchase Agreement), the Nominal Delivery Month will be assumed for
calculation of BFE supplier and part number selection due dates until Boeing
notifies Customer of the scheduled delivery month within the [*]; after such
notification, BFE supplier and part number selection due dates will be
calculated based on the scheduled delivery month.

 

--------------------------------------------------------------------------------

 

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

 

 

 

SA-5

HAZ-PA-03658-BFE1-R4

 

BFE1-R4 Page 2

 

 

BOEING PROPRIETARY

 

 

--------------------------------------------------------------------------------

 

Enclosure 5

 

Item

Number of months prior to the first day
of the scheduled month of delivery:

Suites
(for Aircraft with
scheduled delivery months)

[*]

Suites
(for Aircraft with
Nominal Delivery Months)

[*]

Business Class POD Seats

[*]

F/C, B/C, Premium E/C Seats

[*]

Economy Class Seats

[*]

Galley and Galley Inserts

[*]

In-Flight Entertainment

[*]

Overhead & Audio

[*]

Miscellaneous Emergency Equipment

[*]

 

* Due to lead-time constraints, suite type seats must be selected at least [*]or
[*] in advance of the scheduled delivery month or Nominal Delivery Month,
respectively, unless (i) such suites have been previously certified, installed
in production, and delivered by Boeing on model 777-300ER aircraft within the
[*] period immediately preceding the delivery of such Aircraft to Customer,
(ii) Boeing has the production and engineering capacity to support suites in the
shortened timeframe, and (iii) the supplier of such suites agrees to meet
Boeing’s required on-dock dates.

 

1.3                          Buyer Furnished Equipment (BFE) Constraints.  All
supplier selections for BFE must be selected from a list of offerable suppliers
that will be provided to Customer.  If seat selections are not made by the dates
quoted above, Customer will be restricted to previously integrated seat and
in-flight entertainment (IFE) combinations (including monitor sizes), as offered
and/or available by suppliers.  Previously integrated means previously
integrated on the 777 program and may restrict some layout of passenger
accommodations (LOPA) combinations.  Additionally, 3-3-3 premium economy class
seats with a pitch greater than thirty-four (34) inches are not offerable.

 

 

--------------------------------------------------------------------------------

 

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

 

 

 

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BOEING PROPRIETARY

 

 

--------------------------------------------------------------------------------

 

Enclosure 5

 

1.4                          Notwithstanding the lead times identified above,
Boeing will make reasonable efforts to work with Customer on the offerability of
BFE selections that are outside the lead times and offerable suppliers list.

 

 

 

 

 

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--------------------------------------------------------------------------------

 

Enclosure 5

 

2.                                   On-dock Dates and Other Information.

 

On or before [*] prior to Aircraft delivery, Boeing will provide to Customer the
BFE Requirements electronically in My Boeing Fleet (MBF), through My Boeing
Configuration (MBC).  These requirements may be periodically revised, setting
forth the items, quantities, on-dock dates and shipping instructions and other
requirements relating to the in-sequence installation of BFE.  For planning
purposes, preliminary BFE on-dock dates are set forth below:

 

 

Item

Preliminary On-Dock Dates

 

 

 

 

[*]
Aircraft

[*]
Aircraft

Seats

[*]

[*]

Galleys/Furnishings

[*]

[*]

Antennas & Mounting Equipment

[*]

[*]

Avionics

[*]

[*]

Cabin Systems Equipment

[*]

[*]

Miscellaneous Emergency Equipment

[*]

[*]

Textiles/Raw Material

[*]

[*]

 

 

Item

Preliminary On-Dock Dates

 

 

 

 

[*]
Aircraft

[*]
(2) Aircraft

Seats

[*]

[*]

Galleys/Furnishings

[*]

[*]

Antennas & Mounting Equipment

[*]

[*]

Avionics

[*]

[*]

Cabin Systems Equipment

[*]

[*]

Miscellaneous Emergency Equipment

[*]

[*]

Textiles/Raw Material

[*]

[*]

 

 

--------------------------------------------------------------------------------

 

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

 

 

 

SA-5

HAZ-PA-03658-BFE1-R4

 

BFE1-R4 Page 5

 

 

BOEING PROPRIETARY

 

 

--------------------------------------------------------------------------------

 

Enclosure 5

 

 

Item

Preliminary On-Dock Dates

 

 

 

[*]
Aircraft

[*]
Aircraft

Seats

[*]

[*]

Galleys/Furnishings

[*]

[*]

Antennas & Mounting Equipment

[*]

[*]

Avionics

[*]

[*]

Cabin Systems Equipment

[*]

[*]

Miscellaneous Emergency Equipment

[*]

[*]

Textiles/Raw Material

[*]

[*]

 

 

Item

Preliminary On-Dock Dates

 

 

 

 

April 2015 **
Aircraft

May 2015 **
(2) Aircraft

Seats

[*]

[*]

Galleys/Furnishings

[*]

[*]

Antennas & Mounting Equipment

[*]

[*]

Avionics

[*]

[*]

Cabin Systems Equipment

[*]

[*]

Miscellaneous Emergency Equipment

[*]

[*]

Textiles/Raw Material

[*]

[*]

 

 

Item

Preliminary On-Dock Dates

 

 

 

 

[*]
Aircraft

[*]
Aircraft

Seats

[*]

[*]

Galleys/Furnishings

[*]

[*]

Antennas & Mounting Equipment

[*]

[*]

Avionics

[*]

[*]

 

 

--------------------------------------------------------------------------------

 

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

 

 

 

SA-5

HAZ-PA-03658-BFE1-R4

 

BFE1-R4 Page 6

 

 

BOEING PROPRIETARY

 

 

--------------------------------------------------------------------------------

 

Enclosure 5

 

Cabin Systems Equipment

[*]

[*]

Miscellaneous Emergency Equipment

[*]

[*]

Textiles/Raw Material

[*]

[*]

 

Item

Preliminary On-Dock Dates

 

 

 

 

[*]
Aircraft

November 2015 
Aircraft

Seats

[*]

[*]

Galleys/Furnishings

[*]

[*]

Antennas & Mounting Equipment

[*]

[*]

Avionics

[*]

[*]

Cabin Systems Equipment

[*]

[*]

Miscellaneous Emergency Equipment

[*]

[*]

Textiles/Raw Material

[*]

[*]

 

Item

Preliminary On-Dock Dates

 

 

 

 

[*]**
Aircraft

 

Seats

[*]

 

Galleys/Furnishings

[*]

 

Antennas & Mounting Equipment

[*]

 

Avionics

[*]

 

Cabin Systems Equipment

[*]

 

Miscellaneous Emergency Equipment

[*]

 

Textiles/Raw Material

[*]

 

 

** Nominal Delivery Month is shown and is subject to revision in accordance with
the Notes included in Table 1B to the Purchase Agreement.

 

3.                                                                                  
Additional Delivery Requirements - Import.

 

Customer will be the “importer of record” (as defined by the U.S. Customs and
Border Protection) for all BFE imported into the United States, and as such, it
has the responsibility to ensure all of Customer’s BFE shipments comply with
U.S. Customs Service regulations.  In the event Customer requests Boeing, in
writing, to act as

 

--------------------------------------------------------------------------------

 

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

 

 

 

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HAZ-PA-03658-BFE1-R4

 

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BOEING PROPRIETARY

 

 

--------------------------------------------------------------------------------

 

Enclosure 5

 

importer of record for Customer’s BFE, and Boeing agrees to such request,
Customer is responsible for ensuring Boeing can comply with all U.S. Customs
Import Regulations by making certain that, at the time of shipment, all BFE
shipments comply with the requirements in the “International Shipment Routing
Instructions”, including the Customs Trade Partnership Against Terrorism
(C-TPAT), as set out on the Boeing website referenced below.  Customer agrees to
include the International Shipment Routing Instructions, including C-TPAT
requirements, in each contract between Customer and BFE supplier.

 

http://www.boeing.com/companyoffices/doingbiz/supplier_portal/index_general.html

 

 

 

 

SA-5

HAZ-PA-03658-BFE1-R4

 

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BOEING PROPRIETARY

 

 

--------------------------------------------------------------------------------

 

Enclosure 6

 

[g86461kg13i001.jpg]

The Boeing Company
P.O. Box 3707
Seattle, WA 98124-2207

 

 

 

 

HAZ-PA-03658-LA-1104676R1

 

Air Lease Corporation

2000 Avenue of the Stars, Suite 1000N

Los Angeles, CA 90067

 

 

Subject:

[*]

 

 

Reference:

Purchase Agreement No. PA-03658 (Purchase Agreement) between The Boeing Company
(Boeing) and Air Lease Corporation (Customer) relating to Model 777-300ER
aircraft (Aircraft)

 

 

This letter agreement (Letter Agreement) cancels and supersedes letter agreement
HAZ-PA-03658-LA-1104676 and 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.

 

1.                                   [*]

 

 

 

 

 

--------------------------------------------------------------------------------

 

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

 

HAZ-PA-03658-1104676R1

 

SA-5

[*]

 

LA Page 1

 

 

BOEING PROPRIETARY

 

 

--------------------------------------------------------------------------------

 

Enclosure 6

 

[g86461kg13i001.jpg]

 

 

 

2.                                   [*]

 

 

3.                                   [*]

 

4.                                   [*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

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

 

HAZ-PA-03658-1104676R1

 

SA-5

[*]

 

LA Page 2

 

 

BOEING PROPRIETARY

 

 

--------------------------------------------------------------------------------

 

Enclosure 6

 

[g86461kg13i001.jpg]

 

[*]

 

5.                                   [*]

 

6.                                   [*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

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

 

HAZ-PA-03658-1104676R1

 

SA-5

[*]

 

LA Page 3

 

 

BOEING PROPRIETARY

 

 

--------------------------------------------------------------------------------

 

Enclosure 6

 

[g86461kg13i001.jpg]

The Boeing Company
P.O. Box 3707
Seattle, WA 98124-2207

 

 

 

 

7.                                   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 7) 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 7.  Customer
shall be fully responsible to Boeing for compliance with such obligations.

 

 

Very truly yours,

 

  THE BOEING COMPANY

 

 

 

  By

/s/ Carla Melvin

 

 

 

  Its

Attorney-In-Fact

 

 

 

  ACCEPTED AND AGREED TO this

 

 

 

  Date:

February 27, 2013  

 

 

 

  AIR LEASE CORPORATION

 

 

 

  By

/s/ Gregory B. Willis

 

 

 

  Its

Senior Vice President and Chief Financial Officer

 

 

 

HAZ-PA-03658-1104676R1

 

SA-5

[*]

 

 

 

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

 

 

LA Page 4

 

 

BOEING PROPRIETARY

 

 

--------------------------------------------------------------------------------

 

Enclosure 7

 

[g86461kg15i001.jpg]

The Boeing Company
P.O. Box 3707
Seattle, WA  98124-2207

 

 

 

 

 

HAZ-PA-03658-LA-1104677R1

 

 

Air Lease Corporation

2000 Avenue of the Stars, Suite 1000N

Los Angeles, CA 90067

 

Subject:

Open Configuration Matters

 

 

Reference:

Purchase Agreement No. PA-03658 (Purchase Agreement) between The Boeing Company
(Boeing) and Air Lease Corporation (Customer) relating to Model 777-300ER
aircraft (Aircraft)

 

This letter agreement (Letter Agreement) cancels and supersedes letter agreement
HAZ-PA-03658-LA-1104677 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.                                   Aircraft Configuration.

 

1.1                          Initial Configuration.  The initial configuration
of the Aircraft has been defined by Boeing Model 777-300ER basic specification
D019W005 Rev G dated December 11, 2009 for the Block A Aircraft, and D019W005
Rev I dated January 29, 2013 for the Block B Aircraft, as described in Article 1
and Exhibit A and as noted in Table 1A and Table 1B, respectively, of the
Purchase Agreement.  Final configuration of the Aircraft will be completed as
described in this Letter Agreement.

 

1.2                          Final Configuration Schedule.  Customer and Boeing
hereby agree to complete the configuration for each Aircraft, as required, using
the then-current Boeing configuration documentation (Final Configuration) in
accordance with the following schedule:

 

1.2.1             No later than twenty-two (22) months prior to the scheduled
delivery month of the applicable Aircraft, Boeing and Customer will discuss
potential optional features.

 

1.2.2             Within thirty (30) days after that meeting, Boeing will
provide Customer with a proposal for those optional features that can be
incorporated into the applicable Aircraft during production.

 

 

HAZ-PA-03658-LA-1104677R1

 

SA-5

Open Configuration Matters

 

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BOEING PROPRIETARY

 

 

--------------------------------------------------------------------------------

 

Enclosure 7

 

[g86461kg15i002.jpg]

 

2.                                   Amendment of the Purchase Agreement. 
Within thirty (30) calendar days following Final Configuration, Boeing and
Customer will execute a written amendment to the Purchase Agreement which will
reflect the following:

 

2.1                          Changes applicable to the basic Model 777-300ER
aircraft which are developed by Boeing between the date of signing of the
Purchase Agreement and date of Final Configuration.

 

2.2                          Incorporation into Exhibit A of the Purchase
Agreement, by written amendment, those optional features which have been agreed
to by Customer and Boeing pursuant to Article 1.2 above (Customer Configuration
Changes);

 

2.3                          Revisions to the Performance Guarantees to reflect
the effects, if any, on Aircraft performance resulting from the incorporation of
the Customer Configuration Changes;

 

2.4                          Changes to the Optional Features Prices, Aircraft
Basic Price and Advance Payment Base Price of the applicable Aircraft to adjust
for the difference, if any, between the prices estimated in Table 1 of the
Purchase Agreement for optional features reflected in the Aircraft Basic Price
and the actual prices of the optional features reflected in the Customer
Configuration Changes; and

 

2.5                          Changes to the Advance Payment Base Price of the
Aircraft to adjust for the difference between the estimated amount included in
Table 1 of the Purchase Agreement for Seller Purchased Equipment (SPE) and the
price of the SPE reflected in the Customer Configuration Changes.

 

3.                                   Other Letter Agreements.

 

Boeing and Customer acknowledge that as the definition of the Aircraft
progresses, there may be a need to execute letter agreements addressing one or
more of the following subjects:

 

3.1                          Software.  Additional provisions relating to
software.

 

3.2                          Seller Purchased Equipment (SPE) and/or Buyer
Furnished Equipment (BFE).  Provisions relating to the terms under which Boeing
may offer or install SPE and/or BFE in the Aircraft.

 

3.3                          In-Flight Entertainment (IFE) and Cabin
Communication Systems (CCS).  Provisions relating to the terms under which
Boeing may offer to install IFE and CCS in the Aircraft.

 

 

HAZ-PA-03658-LA-1104677R1

 

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Open Configuration Matters

 

LA Page 2

 

 

BOEING PROPRIETARY

 

 

--------------------------------------------------------------------------------

 

Enclosure 7

 

[g86461kg15i002.jpg]

 

 

 

Very truly yours,

 

THE BOEING COMPANY

 

 

 

By

/s/ Carla Melvin

 

 

 

Its

Attorney-In-Fact

 

 

 

ACCEPTED AND AGREED TO this

 

 

 

Date:

February 27, 2013  

 

 

 

AIR LEASE CORPORATION

 

 

 

By

/s/ Gregory B. Willis

 

 

 

Its

Senior Vice President and Chief Financial Officer

 

 

 

 

 

 

HAZ-PA-03658-LA-1104677R1

 

SA-5

Open Configuration Matters

 

LA Page 3

 

 

BOEING PROPRIETARY

 

 

--------------------------------------------------------------------------------

 

Enclosure 8

 

[g86461kg17i001.jpg]

The Boeing Company
P.O. Box 3707
Seattle, WA  98124-2207

 

 

 

 

 

 

HAZ-PA-03658-LA-1104679R2

 

 

Air Lease Corporation

2000 Avenue of the Stars, Suite 1000N

Los Angeles, CA 90067

 

Subject:

Advance Payment Matters

 

 

Reference:

Purchase Agreement No. PA-03658 (Purchase Agreement) between The Boeing Company
(Boeing) and Air Lease Corporation (Customer) relating to Model 777-300ER
aircraft (Aircraft)

 

This letter agreement (Letter Agreement) cancels and supersedes letter agreement
HAZ-PA-03658-LA-1104679R1 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.

 

The Purchase Agreement incorporates the terms and conditions of HAZ-AGTA between
Boeing and Customer.  This Letter Agreement modifies certain terms and
conditions of the AGTA with respect to the Aircraft.

 

1.                                   Alternative [*] Advance Payment Schedule.

 

1.1                          Alternative [*] Advance Payment Schedule for the
Block A Aircraft.  Notwithstanding the Block A Aircraft advance payment schedule
provided in Table 1A of the Purchase Agreement, Customer may elect to pay an
alternative [*] advance payment schedule for the Block A Aircraft, as set forth
in the table below.

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

--------------------------------------------------------------------------------

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

 

HAZ-PA-03658-LA-1104679R2

 

SA-5

Advance Payment Matters

 

Page 1

 

 

BOEING PROPRIETARY

 

 

--------------------------------------------------------------------------------

 

Enclosure 8

 

[g86461kg17i001.jpg]

 

1.2                          Alternative [*] Advance Payment Schedule for the
Block B Aircraft.  Notwithstanding the Block B Aircraft advance payment schedule
provided in Table 1B of the Purchase Agreement, Customer may elect to pay an
alternative [*] advance payment schedule for the Block B Aircraft, as set forth
in the table below.  For Block B Aircraft scheduled for delivery in [*] (as
indicated in Table 1B), the Nominal Delivery Month will be assumed for
calculation of advance payment due dates until Boeing notifies Customer of the
scheduled delivery month within the [*]; after such notification, advance
payment due dates will be calculated based on the scheduled delivery month.

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

1.3                          [*]

 

2.                                   [*]

 

 

 

--------------------------------------------------------------------------------

 

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

 

HAZ-PA-03658-LA-1104679R2

 

SA-5

Advance Payment Matters

 

Page 2

 

 

BOEING PROPRIETARY

 

 

--------------------------------------------------------------------------------

 

Enclosure 8

 

[g86461kg17i001.jpg]

 

 

 

[*]

 

 

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.

 

4.                                   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.

 

 

 

--------------------------------------------------------------------------------

 

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

 

HAZ-PA-03658-LA-1104679R2

 

SA-5

Advance Payment Matters

 

Page 3

 

 

BOEING PROPRIETARY

 

 

--------------------------------------------------------------------------------

 

Enclosure 8

 

[g86461kg17i001.jpg]

 

 

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/ Carla Melvin

 

 

 

Its

Attorney-In-Fact

 

 

 

ACCEPTED AND AGREED TO this

 

 

 

Date:

February 27, 2013  

 

 

 

AIR LEASE CORPORATION

 

 

 

By

/s/ Gregory B. Willis

 

 

 

Its

Senior Vice President and Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

HAZ-PA-03658-LA-1104679R2

 

SA-5

Advance Payment Matters

 

Page 4

 

 

BOEING PROPRIETARY

 

 

--------------------------------------------------------------------------------

 

 

 

Enclosure 9

 

 

 

[g86461kg19i001.jpg]

 

 

 

 

 

 

HAZ-PA-03658-LA-1104682R1

 

 

Air Lease Corporation

2000 Avenue of the Stars, Suite 1000N

Los Angeles, CA 90067

 

Subject:

[*]

 

 

Reference:

Purchase Agreement No. PA-03658 (Purchase Agreement) between The Boeing Company
(Boeing) and Air Lease Corporation (Customer) relating to Model 777-300ER
aircraft (Aircraft)

 

This letter agreement (Letter Agreement) cancels and supersedes letter agreement
HAZ-PA-03658-LA-1104682, 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.  This Letter Agreement applies only to the five
(5) Block A Aircraft identified in Table 1A to the Purchase Agreement (the Block
A Aircraft).

 

1.            Definitions.

 

[*]

 

Program Aircraft means each Block A Aircraft specified in Table 1A of the
Purchase Agreement as of the date of this Letter Agreement.

 

2.            [*]

 

 

3.            [*]

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

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

 

HAZ-PA-03658-LA-1104682R1

 

 

[*]

 

LA Page 1

 

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

 

 

Enclosure 9

 

 

 

[g86461kg19i001.jpg]

 

 

 

 

 

4.            [*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

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

 

HAZ-PA-03658-LA-1104682R1

 

 

[*]

 

Page 2

 

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

 

 

Enclosure 9

 

 

 

[g86461kg19i001.jpg]

 

 

 

 

 

 

5.         [*]

 

 

6.         [*]

 

 

7.         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 Block A Aircraft at the time of
delivery and leasing the Block A Aircraft to a commercial operator and cannot be
assigned in whole or, in part.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

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

 

HAZ-PA-03658-LA-1104682R1

 

 

[*]

 

Page 3

 

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

 

 

Enclosure 9

 

 

 

[g86461kg19i001.jpg]

 

 

 

 

 

 

8.            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 8) 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 8.  Customer
shall be fully responsible to Boeing for compliance with such obligations.

 

 

Very truly yours,

 

THE BOEING COMPANY

 

 

 

 

By

 /s/ Carla Melvin

 

 

 

 

Its

 Attorney-In-Fact

 

 

 

 

ACCEPTED AND AGREED TO this

 

 

 

 

Date:

February 27, 2013  

 

 

 

 

AIR LEASE CORPORATION

 

 

 

 

By

 /s/ Gregory B. Willis

 

 

 

 

Its

Senior Vice President and Chief Financial Officer

 

 

 

 

 

 

HAZ-PA-03658-LA-1104682R1

 

 

[*]

 

 

 

* Confidential material omitted and filed separately with the Securities and
Exchange Commission pursuant to a request for confidential
treatment.                                                                                                                                                                                         
LA Page 1

 

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 9

 

 

ATTACHMENT A
to Letter Agreement HAZ-PA-03658-LA-1104682R1

 

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

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

 

HAZ-PA-03658-LA-1104682R1

 

 

[*]

 

Attachment A Page 1

 

BOEING PROPRIETARY

 

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Enclosure 9

 

 

ATTACHMENT B
to Letter Agreement HAZ-PA-03658-LA-1104682R1

 

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

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

 

HAZ-PA-03658-LA-1104682R1

 

 

[*]

 

Attachment B Page 1

 

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 9

 

 

 

 

 

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

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

 

HAZ-PA-03658-LA-1104682R1

 

 

[*]

 

Attachment B Page 2

 

BOEING PROPRIETARY

 

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Enclosure 10

 

 

 

[g86461kg21i001.jpg]

 

The Boeing Company
P.O. Box 3707
Seattle, WA  98124-2207

 

 

 

 

 

 

 

 

HAZ-PA-03658-LA-1104684R2

 

 

Air Lease Corporation

2000 Avenue of the Stars, Suite 1000N

Los Angeles, CA 90067

 

Subject:            Leasing Matters

 

Reference:     Purchase Agreement No. PA-03658 (Purchase Agreement) between The
Boeing Company (Boeing) and Air Lease Corporation (Customer) relating to
Model 777-300ER aircraft (Aircraft)

 

This letter agreement (Letter Agreement) cancels and supersedes Letter Agreement
HAZ-PA-03658-LA-1104684R1 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.

 

It is understood that Customer intends to lease the Aircraft to a third party or
parties (Lessee or Lessees) and that such Lessees will be in the commercial
airline business as operators of aircraft.  This Letter Agreement relates to
certain services that Boeing will provide to such Lessees.

 

1.                            Lease of Aircraft Prior to Delivery.

 

In most cases, leases will be entered into prior to delivery of the Aircraft to
be leased.  The parties understand that provisions related to lease of an
Aircraft and assignment of Purchase Agreement rights related thereto are
contained in Article 9 of the AGTA.

 

2.                            Identification of Lessee(s).

 

2.1         At the time of execution of the Purchase Agreement, Customer had not
identified the Lessees to Boeing for any of the Aircraft.  Customer agrees to
give Boeing written notice as soon as reasonably practicable (preferably
twenty-two (22) or more months prior to the month during which a particular
Aircraft is scheduled for delivery) of the name and address of the applicable
Lessee, the month of Aircraft delivery, the desired country of registration and
the manufacturer’s serial number.  If a configuration for the Aircraft
identified for a Lessee is not defined in a timely manner, and Customer’s
baseline configuration has not been defined pursuant to letter agreement
HAZ-PA-03658-LA-1104677R1, “Open Configuration Matters”, then Customer and
Boeing will work together to develop a configuration for the applicable Aircraft
using optional features and Buyer Furnished Equipment (BFE) selections that are
offerable by Boeing

 

HAZ-PA-03658-LA-1104684R2

 

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Enclosure 10

 

 

 

[g86461kg21i001.jpg]

 

 

 

 

 

for the applicable Aircraft given its delivery timing.  It is understood that
identifying a Lessee within the preferred time frame does not assure that all
desired configuration changes will be available for the Aircraft identified for
the Lessee. [*]

 

2.2       Promptly after such notification for other than U.S. registered
aircraft, Boeing will give Customer written notice as to whether such Aircraft
can be delivered no later than its contract delivery month and in a
configuration such that an Export Certificate of Airworthiness can be obtained
for the desired country of registry requested.  [*]

 

2.3       In the event Boeing determines that obtaining such requested Export
Certificate of Airworthiness would result in delivery of such Aircraft later
than its contract delivery month, the Aircraft will be certified with a Standard
Airworthiness Certificate and Customer will, upon tender of delivery of the
Aircraft in accordance with the Purchase Agreement, accept delivery of such
Aircraft with such Standard Airworthiness Certificate. [*]

 

3.                     Customer Support.

 

3.1       It is recognized by Boeing that the Lessees to be identified under
paragraph 2 above may have different requirements with regard to training,
services and Materials applicable to the Aircraft.  For the purpose of this
Letter Agreement, and in order to determine the applicability of either
Supplemental Exhibit CS1-1, CS1-2 or CS1-3 (and Parts thereof) to each of the
Lessees, the Customer Support categories listed below will apply.  Applicability
of these categories will be at the sole discretion of Boeing and may be modified
by Boeing to meet the specific circumstances of the Lessee.

 

(i)         Category 1 is for a new model introduction into the Lessee’s fleet.
The Lessee does not operate and is not scheduled to accept delivery of an
aircraft that is in the same model family as the Aircraft prior to delivery of
Customer’s Aircraft to the Lessee.

 

(ii)        Category 2 is for a major sub-model differences introduction into
the Lessee’s fleet. The Lessee operates or is scheduled to accept delivery of an
aircraft that is in the same model family as the Aircraft prior to delivery of
Customer’s Aircraft to the Lessee and is not determined to be Category 3.

 

--------------------------------------------------------------------------------

 

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

 

HAZ-PA-03658-LA-1104684R2

 

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BOEING PROPRIETARY

 

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Enclosure 10

 

 

 

[g86461kg21i001.jpg]

 

 

 

 

 

 

(iii)         Category 3 is for a minor sub-model differences introduction into
the Lessee’s fleet. The Lessee operates or is scheduled to accept delivery of an
aircraft that is the same sub-model or a sub-model with minor variation from the
Aircraft prior to delivery of Customer’s Aircraft to the Lessee.

 

3.1.1    After Customer identifies the Lessee of an Aircraft to Boeing, Boeing
will promptly give written notice to Customer of the Customer Support category
and which Customer Support Document (Supplemental Exhibit CS1-1, CS1-2 or CS1-3)
in the Purchase Agreement is applicable to such Lessee.  For avoidance of doubt,
Boeing will be obligated to provide only one Customer Support Document package
(CS1-1, CS1-2 or CS1-3) to any Lessee.

 

3.1.2    Boeing will provide the training, services and Materials set forth in
Supplemental Exhibit CS1-1, CS1-2 or CS1-3 to the Purchase Agreement under the
terms, conditions and provisions thereof to Lessees in Categories 1, 2 or 3
respectively; provided, that such Lessees are the initial Lessees of the
Aircraft.

 

3.2         [*]

 

3.3         Prior to the provision of any training, services and Materials,
Customer and Lessee will enter into a partial assignment of certain rights and
duties under the Purchase Agreement containing terms and conditions based on the
form of Attachment A to this Letter Agreement.  Such partial assignment will
relate only to training, services and Materials, will not assign warranty or
other rights under the Purchase Agreement, which will be reserved until delivery
and assigned at that time, and will be subject to Boeing’s consent pursuant to
the provisions of Article 9 of the AGTA.  Notwithstanding the assignment
described herein, Customer acknowledges that it remains responsible for
performance of all the terms and conditions of the Purchase Agreement.  In
addition, Customer will require Lessee to provide the protections described in
Article 8 of the AGTA.  Customer expressly agrees that Boeing’s providing all or
part of the training, services and Materials prior to receipt of the insurance
certificate described in Article 8 of the AGTA or other evidence of Lessee’s
compliance with the provisions of Article 8 of the AGTA, will not release
Customer from any obligations described herein.

 

 

 

 

--------------------------------------------------------------------------------

 

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

 

HAZ-PA-03658-LA-1104684R2

 

SA-5

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BOEING PROPRIETARY

 

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Enclosure 10

 

 

 

[g86461kg21i001.jpg]

 

 

 

 

 

4.                            Spare Parts.

 

It is understood that the Lessee of each Aircraft will require spare parts to
support operations of the Aircraft.  At the time Lessee is identified as
provided in paragraph 2, above, Customer will confirm whether Lessee has a
Customer Services General Terms Agreement (CSGTA) with Boeing, and, if not,
advise Lessee of the requirement to enter into a CSGTA and spares provisioning
agreements with Boeing in a timely manner in order to provision for spare parts.

 

5.                            Schedule Requirements.

 

In the event of late notification by Customer of the identity of the Lessee as
required by paragraph 2 above, Boeing’s ability to schedule and provide the
training, services and Materials and initial provisioning of spare parts to
support a Lessee’s operation of the Aircraft may be subject to subcontracting of
such support services to third parties or to severe curtailment of such
training, services and Material if such subcontracting is not practicable; [*].

 

6.                            [*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

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

 

HAZ-PA-03658-LA-1104684R2

 

SA-5

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Page 4

 

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

 

 

Enclosure 10

 

 

 

[g86461kg21i001.jpg]

 

 

 

 

 

 

[*]

 

7.                            Assignment of Additional Rights at Delivery.

 

At the time of delivery by Boeing of any Aircraft to Customer and Customer’s
re-delivery of an Aircraft to an initial Lessee, Customer and Lessee will enter
into an assignment of the remaining rights and duties under the Purchase
Agreement (including warranty rights), pursuant to the provisions of Article 9
of the AGTA.

 

 

 

 

[Remainder of page intentionally left blank]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

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

 

HAZ-PA-03658-LA-1104684R2

 

SA-5

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Page 5

 

BOEING PROPRIETARY

 

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Enclosure 10

 

 

 

[g86461kg21i001.jpg]

 

 

 

 

 

 

8.                            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 8), 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 8.  Customer
shall be fully responsible to Boeing for compliance with such obligations.

 

 

Very truly yours,

 

THE BOEING COMPANY

 

 

 

 

By

 /s/ Carla Melvin

 

 

 

 

Its

 Attorney-In-Fact

 

 

 

 

ACCEPTED AND AGREED TO this

 

 

 

 

Date:

February 27, 2013  

 

 

 

 

AIR LEASE CORPORATION

 

 

 

 

By

 /s/ Gregory B. Willis

 

 

 

 

Its

Senior Vice President and Chief Financial Officer

 

 

 

 

 

 

HAZ-PA-03658-LA-1104684R2

 

SA-5

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Page 6

 

BOEING PROPRIETARY

 

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Enclosure 10

 

ATTACHMENT A

EXPLANATION & INSTRUCTIONS:

 

The Partial Assignment of Rights form which follows as Attachment A must be
executed prior to the provision of the training, services and Materials
described in the applicable Supplemental Exhibit (Customer Support Document) to
the Purchase Agreement.  It assigns only rights described in such document and
does not assign warranty or other rights under the Purchase Agreement, which are
reserved until delivery and are assigned at that time.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HAZ-PA-03658-LA-1104684R2

 

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Attachment A Page 1

 

BOEING PROPRIETARY

 

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Enclosure 10

 

Boeing Commercial Airplanes

P.O. Box 3707

Seattle, Washington 98124-2207

 

Attention:       Vice President - Contracts

Mail Stop 75-38

 

Subject:         Partial Assignment of Rights - Air Lease Corporation as Lessor
and ________________________ as Lessee of Model 777-300ER Aircraft

 

Gentlemen:

 

In connection with the lease by Air Lease Corporation (Customer) to
________________________ (Lessee) of a Boeing aircraft (more fully described
below), reference is made to the following documents:

 

(i)         Purchase Agreement No. PA-03658 dated as of __________, 20_____,
between The Boeing Company (Boeing) and Customer, as amended and supplemented
(Purchase Agreement), under which Customer purchased Boeing Model 777-300ER
aircraft, including certain aircraft which have been designated for lease to
Lessee (Aircraft).

 

(ii)       Aircraft General Terms Agreement No. HAZ-AGTA dated as of
September 30, 2010, between Boeing and Customer, as amended and supplemented
(AGTA), which defines terms and conditions referenced in the Purchase Agreement.

 

(iii)       + dated as of __________, 20_____ between Customer and Lessee
relating to the lease of the Aircraft (Lease).

 

Pursuant to the Lease, Customer has agreed to lease the Aircraft to Lessee. 
Included in such Lease is the transfer to Lessee of rights to receive certain
training, support and services, and other things related to the Aircraft under
the provisions of Supplemental Exhibit CS1  (Customer Support Document) to the
Purchase Agreement.  In order to accomplish such transfer of such rights, as
authorized by the provisions of Article 9 of the AGTA, the parties agree as
follows:

 

1.         Lessee’s Agreement to be Bound.

 

In consideration of Boeing’s acknowledgment of this notice, Lessee, its
successors and permitted assigns, hereby agree to be bound by and comply with
all applicable terms, conditions, and limitations of the Purchase Agreement
including,

 

 

 

HAZ-PA-03658-LA-1104684R2

 

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BOEING PROPRIETARY

 

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Enclosure 10

 

without limitation, the exclusion of liability, disclaimer, and insurance
provisions of the AGTA as incorporated into the Purchase Agreement.

 

2.                            Lessee’s Insurance.

 

Boeing’s obligation to provide the training, services and Materials to Lessee is
conditioned on the receipt by Boeing of evidence of compliance by Lessee with
the insurance requirements set forth in Article 8.2 of the AGTA, prior to the
provision of such training, services and Materials.

 

3.                            Continuing Lessor Rights and Obligations.

 

Customer reserves to itself all rights, claims and interests it may have under
the Purchase Agreement not expressly assigned to Lessee hereunder and Customer
acknowledges that it remains responsible to perform all of the terms and
conditions of the Purchase Agreement, including without limitation
responsibility (i) for any payments due Boeing with respect to the Aircraft
under Article 3 (Price) and Article 4 (Payment) of the Purchase Agreement and
any Spare Parts or Leased Parts for the Aircraft ordered by Customer under
Customer’s CSGTA, and (ii) for the risk protections specified in Article 8 of
the AGTA.

 

4.                            Appointment of Lessee.

 

Customer hereby assigns to Lessee the sole authority to exercise all rights and
powers of Customer with respect to the training, services and Materials under
the Customer Support Document to the Purchase Agreement.  Such authorization
will continue until Boeing will have received from Customer written notice to
the contrary addressed to Boeing’s Vice President - Contracts, P.O. Box 3707,
Seattle, Washington 98124-2207 (by courier: 1901 Oakesdale Avenue SW, Renton, WA
98055).  Until Boeing will have received such notice, Boeing will be entitled to
deal exclusively and solely with Lessee with respect to the applicable training,
services and Materials and with respect to the rights, powers, duties or
obligations under the Customer Support Document to the Purchase Agreement, and
all actions taken by Lessee or agreements entered into by Lessee with respect to
such training, services and Materials during the period prior to Boeing’s
receipt of such notice will be final and binding upon Customer.

 

5.                            Modification, Revision or Substitution of
Training, Services and Materials.

 

Customer and Lessee agree that the appointment of Lessee set forth in
paragraph 4 herein includes the authority, with Boeing’s agreement, to modify,
revise or substitute the form, type, and scope of the training, services and
Materials offered to Lessee; provided however, that such modification, revision
or substitution does not create any additional financial obligation, liability
or indemnification by Customer to Boeing.  It is further understood and agreed
that the provisions of this assignment (including but not limited to matters of
exclusion of liability, disclaimer, and insurance) will apply to the provision
by Boeing of such modified, revised or substituted training, services and
Materials to the same extent as if they were specifically described in the
Purchase Agreement.

 

HAZ-PA-03658-LA-1104684R2

 

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Enclosure 10

 

 

6.                            Boeing Rights and Obligations.

 

Customer and Lessee confirm expressly for the benefit of Boeing that nothing in
this assignment will (i) subject Boeing to any obligation or liability to which
it would not otherwise be subject under the Purchase Agreement or limit,
restrict, or change in any respect Boeing’s rights, representations, warranties,
indemnities or other agreements thereunder, except as otherwise expressly
provided herein, (ii) limit any rights of set-off Boeing may have under
applicable law, or (iii) require Boeing to divest itself of title to or
possession of the Aircraft until delivery thereof and payment therefore as
provided in the Purchase Agreement.

 

7.                            Signing in Counterparts.

 

This assignment may be signed by the parties hereto in separate counterparts,
each of which when executed and delivered will be an original, but all such
counterparts will together constitute but one and the same instrument.

 

8.                            GOVERNING LAW.

 

THIS AGREEMENT WILL BE GOVERNED BY THE LAW OF THE STATE OF WASHINGTON,
U.S.A., INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, AND
EXCLUSIVE OF WASHINGTON’S CONFLICTS OF LAWS RULES.

 

9.                            Lessee Acceptance.

 

Lessee hereby accepts the authorizations set forth in paragraphs 4 and 5 herein.

 

We request that Boeing, upon receipt of this letter, acknowledge receipt thereof
and confirm the transfer of rights under the Purchase Agreement as set forth
above, by signing the acknowledgment set forth below and forwarding one copy of
this letter, so acknowledged, to each of the undersigned.

 

IN WITNESS WHEREOF, the parties hereto have caused this Partial Assignment of
Rights agreement to be duly executed as of the dates written below.

 

 

 

 

 

 

 

 

 

 

 

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Enclosure 10

 

 

Very truly yours,

 

 AIR LEASE CORPORATION

 

 

 

 

 By

 

 

 

 

 

 Its

 Attorney-In-Fact

 

 

 

 

 ACCEPTED AND AGREED TO this

 

 

 

 

 Date:

20 

 

 

 

 

 NAME OF LESSEE

 

 

 

 

 By

 

 

 

 

 

 Its

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Enclosure 10

 

Boeing Acknowledgment

 

Receipt of the above letter acknowledged and transfer of rights under the
Purchase Agreement with respect to the Aircraft as described above confirmed,
effective as of the date indicated below:

 

 

 THE BOEING COMPANY

 

 

 

 

 By

 

 

 

 

 

 Its

Attorney-In-Fact

 

 

 

 

 Date:

20 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HAZ-PA-03658-LA-1104684R2

 

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Attachment A Page 6

 

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Enclosure 11

 

 

 

[g86461kg25i001.jpg]

 

The Boeing Company
P.O. Box 3707
Seattle, WA  98124-2207

 

 

 

 

 

 

 

 

HAZ-PA-03658-LA-1104687R1

 

 

Air Lease Corporation

2000 Avenue of the Stars, Suite 1000N

Los Angeles, CA 90067

 

Subject:            Special Matters for the Block A Aircraft

 

Reference:     Purchase Agreement No. PA-03658 (Purchase Agreement) between The
Boeing Company (Boeing) and Air Lease Corporation (Customer) relating to
Model 777-300ER aircraft (Aircraft)

 

This letter agreement (Letter Agreement) cancels and supersedes letter agreement
HAZ-PA-03658-LA-1104687, 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.  This Letter Agreement applies only to the five
(5) Block A Aircraft identified in Table 1A to the Purchase Agreement (the Block
A Aircraft).

 

1.            Credit Memoranda. In consideration of Customer’s purchase of the
Block A Aircraft, at the time of delivery of each such Block A Aircraft, unless
otherwise noted, Boeing will provide to Customer the following credit memoranda:

 

1.1         Basic Credit Memorandum. Boeing will issue to Customer a basic
credit memorandum (Basic Credit Memorandum) in the amount of [*].

 

1.2         Leasing Credit Memorandum. Customer expressly intends to lease the
Block A Aircraft to a third party or parties (Lessee or Lessees) who is/are in
the commercial airline business as aircraft operator(s).  As an additional
consideration and incentive for entering into a lease for the Block A Aircraft
prior to delivery of the Block A Aircraft, in accordance with the requirements
set forth in the Purchase Agreement, Boeing will issue to Customer a leasing
credit memorandum (Leasing Credit Memorandum) in an amount of [*]. Customer will
not be permitted to assign this Leasing Credit Memorandum, in whole or in part,
without the prior written consent of Boeing.

 

1.3         [*]

 

 

--------------------------------------------------------------------------------

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

 

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Enclosure 11

 

 

 

[g86461kg25i001.jpg]

 

 

 

 

 

1.4         [*]

 

1.5         [*]

 

1.6         [*]

 

1.7         [*]

 

1.8         [*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

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

 

HAZ-PA-03658-LA-1104687R1

 

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Enclosure 11

 

 

 

[g86461kg25i001.jpg]

 

 

 

 

 

1.9         [*]

 

2.            Escalation of Credit Memoranda.

 

Unless otherwise noted, the amounts of the Credit Memoranda stated in paragraphs
[*] and will be escalated to the scheduled month of the respective Block A
Aircraft delivery pursuant to the Airframe Escalation formula set forth in the
Purchase Agreement applicable to the Block A Aircraft.  The Credit Memoranda
may, at the election of Customer, be (i) applied against the Aircraft Price of
the respective Block A Aircraft at the time of delivery, or (ii) used for the
purchase of other Boeing goods and services (but shall not be applied to advance
payments).

 

3.            [*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

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

 

HAZ-PA-03658-LA-1104687R1

 

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Page 3

 

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Enclosure 11

 

 

 

[g86461kg25i001.jpg]

 

 

 

 

[*]

 

 

4.            [*]

 

 

 

 

 

 

 

[remainder of page intentionally left blank]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

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

 

HAZ-PA-03658-LA-1104687R1

 

SA-5

Special Matters for the Block A Aircraft

 

Page 4

 

BOEING PROPRIETARY

 

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Enclosure 11

 

 

 

[g86461kg25i001.jpg]

 

 

 

 

 

5.            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 5), 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 5.  Customer
shall be fully responsible to Boeing for compliance with such obligations.

 

Very truly yours,

 

THE BOEING COMPANY

 

 

 

 

By

 /s/ Carla Melvin

 

 

 

 

Its

 Attorney-In-Fact

 

 

 

 

ACCEPTED AND AGREED TO this

 

 

 

 

Date:

February 27, 2013  

 

 

 

 

AIR LEASE CORPORATION

 

 

 

 

By

 /s/ Gregory B. Willis

 

 

 

 

Its

Senior Vice President and Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

 

HAZ-PA-03658-LA-1104687R1

 

SA-5

Special Matters for the Block A Aircraft

 

Page 5

 

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

 

Enclosure 12

 

[g86461kg27i001.jpg]

The Boeing Company
P.O. Box 3707
Seattle, WA 98124-2207

 

 

 

HAZ-PA-03658-LA-1300235

 

Air Lease Corporation

2000 Avenue of the Stars, Suite 1000N

Los Angeles, CA 90067

 

Subject:                                     Special Matters for the Block B
Aircraft

 

Reference:                Purchase Agreement No. PA-03658 (Purchase Agreement)
between The Boeing Company (Boeing) and Air Lease Corporation (Customer)
relating to Model 777-300ER 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 applies
only to the ten (10) Block B Aircraft identified in Table 1B to the Purchase
Agreement (the Block B Aircraft).

 

1.                                   Credit Memoranda.  In consideration of
Customer’s purchase of the Block B Aircraft, at the time of delivery of each
such Block B Aircraft, unless otherwise noted, Boeing will provide to Customer
the following credit memoranda:

 

1.1                          Basic Credit Memorandum.  Boeing will issue to
Customer a basic credit memorandum (Basic Credit Memorandum) in the amount of
[*].

 

1.2                          Leasing Credit Memorandum.  Customer expressly
intends to lease the Block B Aircraft to a third party or parties (Lessee or
Lessees) who is/are in the commercial airline business as aircraft operators. 
As an additional consideration and incentive for entering into a lease for the
Block B Aircraft prior to delivery of such Block B Aircraft, in accordance with
the requirements set forth in the Purchase Agreement, Boeing will issue to
Customer a leasing credit memorandum (Leasing Credit Memorandum) in the amount
of [*].  Under no circumstances will Customer be permitted to assign this
Leasing Credit Memorandum.

 

1.3                          [*]

 

--------------------------------------------------------------------------------

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

 

 

HAZ-PA-03658-LA-1300235

SA-5

Special Matters for the Block B Aircraft

LA Page 1

BOEING PROPRIETARY

 

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Enclosure 12

 

[g86461kg27i002.jpg]

 

1.4                          [*]

 

1.5                          [*]

 

1.6                          [*]

 

1.7                          [*]

 

1.8                          [*]

 

1.9                          [*]

 

--------------------------------------------------------------------------------

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

 

 

HAZ-PA-03658-LA-1300235

SA-5

Special Matters for the Block B Aircraft

LA Page 2

BOEING PROPRIETARY

 

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Enclosure 12

 

[g86461kg27i002.jpg]

 

1.10                 [*]

 

 

--------------------------------------------------------------------------------

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

 

 

HAZ-PA-03658-LA-1300235

SA-5

Special Matters for the Block B Aircraft

LA Page 3

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 12

 

[g86461kg27i002.jpg]

 

2.                                   Escalation of Credit Memoranda and Use.

 

Unless otherwise noted, the amounts of the credit memoranda stated in
paragraphs [*] and will be escalated to the scheduled month of delivery of the
respective Block B Aircraft pursuant to the Airframe Escalation formula set
forth in the Purchase Agreement applicable to the Block B Aircraft.  In
addition, unless otherwise noted, the credit memoranda may, at the election of
Customer, be (i) applied against the Aircraft Price of the respective Block B
Aircraft at the time of delivery, or (ii) used for the purchase of other Boeing
goods and services (but shall not be applied to advance payments).

 

3.                                   [*]

 

 

--------------------------------------------------------------------------------

 

 

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

 

 

HAZ-PA-03658-LA-1300235

SA-5

Special Matters for the Block B Aircraft

LA Page 4

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 12

 

[g86461kg27i002.jpg]

 

4.                                   Confidentiality.

 

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 4), 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 4.  Customer
shall be fully responsible to Boeing for compliance with such obligations.

 

Very truly yours,

 

THE BOEING COMPANY

 

 

 

By

/s/ Carla Melvin

 

 

 

Its

Attorney-In-Fact

 

 

 

ACCEPTED AND AGREED TO this

 

 

 

Date:

February 27, 2013  

 

 

 

AIR LEASE CORPORATION

 

 

 

By

/s/ Gregory B. Willis

 

 

 

Its

Senior Vice President and Chief Financial Officer

 

 

HAZ-PA-03658-LA-1300235

SA-5

Special Matters for the Block B Aircraft

LA Page 5

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 13

 

GRAPHIC [g86461kg29i001.jpg]

 

HAZ-PA-03658-LA-1300236

 

Air Lease Corporation

2000 Avenue of the Stars, Suite 1000N

Los Angeles, CA 90067

 

Subject:                                     [*]

 

Reference:                Purchase Agreement No. PA-03658 (Purchase Agreement)
between The Boeing Company (Boeing) and Air Lease Corporation (Customer)
relating to Model 777-300ER 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.

 

1.                                   [*]

 

2.                                   [*]

 

 

 

 

 

--------------------------------------------------------------------------------

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

 

HAZ-PA-03658-LA-1300236

SA-5

[*]

LA Page 1

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 13

 

GRAPHIC [g86461kg29i001.jpg]

 

3.                                   [*]

 

4.                                   [*]

 

5.                                   [*]

 

6.                                   [*]

 

 

 

 

 

--------------------------------------------------------------------------------

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

 

HAZ-PA-03658-LA-1300236

SA-5

[*]

LA Page 2

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 13

 

GRAPHIC [g86461kg29i001.jpg]

 

7.                                   [*]

 

8.                                   [*]

 

9.                                   [*]

 

 

[Remainder of page intentionally left blank]

 

 

 

 

 

--------------------------------------------------------------------------------

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

 

HAZ-PA-03658-LA-1300236

SA-5

[*]

LA Page 3

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 13

 

GRAPHIC [g86461kg29i001.jpg]

 

10.                          Confidentiality.

 

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 10), 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 10.  Customer
shall be fully responsible to Boeing for compliance with such obligations.

 

Very truly yours,

 

THE BOEING COMPANY

 

 

 

By

/s/ Carla Melvin

 

 

 

Its

Attorney-In-Fact

 

 

 

ACCEPTED AND AGREED TO this

 

 

 

Date:

February 27, 2013  

 

 

 

AIR LEASE CORPORATION

 

 

 

By

/s/ Gregory B. Willis

 

 

 

Its

Senior Vice President and Chief Financial Officer

 

 

 

HAZ-PA-03658-LA-1300236

SA-5

[*]

 

 

 

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

LA Page 1

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attachment to HAZ-PA-03658-LA-1300236

SA-5

[*]

 

 

 

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

Page 1

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 14

 

[g86461kg31i001.jpg]

The Boeing Company
P.O. Box 3707
Seattle, WA 98124-2207

 

 

 

HAZ-PA-03658-LA-1300238

 

Air Lease Corporation

2000 Avenue of the Stars, Suite 1000N

Los Angeles, CA 90067

 

Subject:                                     [*]

 

Reference:                Purchase Agreement No. PA-03658 (Purchase Agreement)
between The Boeing Company (Boeing) and Air Lease Corporation (Customer)
relating to Model 777-300ER 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.

 

1.                                   [*]

 

2.                                   [*]

 

--------------------------------------------------------------------------------

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

 

HAZ-PA-03658-LA-1300238

SA-5

[*]

LA Page 1

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 14

 

GRAPHIC [g86461kg31i002.jpg]

 

3.                                   [*]

 

4.                                   [*]

 

5.                                   [*]

 

6.                                   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.

 

 

--------------------------------------------------------------------------------

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

 

HAZ-PA-03658-LA-1300238

SA-5

[*]

LA Page 2

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 14

 

GRAPHIC [g86461kg31i002.jpg]

 

7.                                   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 7), 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 7.  Customer
shall be fully responsible to Boeing for compliance with such obligations.

 

Very truly yours,

 

THE BOEING COMPANY

 

 

 

By

/s/ Carla Melvin

 

 

 

Its

Attorney-In-Fact

 

 

 

ACCEPTED AND AGREED TO this

 

 

 

Date:

February 27, 2013  

 

 

 

AIR LEASE CORPORATION

 

 

 

By

/s/ Gregory B. Willis

 

 

 

Its

Senior Vice President and Chief Financial Officer

 

 

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

 

HAZ-PA-03658-LA-1300238

SA-5

[*]

LA Page 3

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 15

 

[g86461kg33i001.jpg]

 

HAZ-PA-03658-LA-1300258

 

Air Lease Corporation

2000 Avenue of the Stars, Suite 1000N

Los Angeles, CA 90067

 

Subject:                                     [*]

 

Reference:                Purchase Agreement No. PA-03658 (Purchase Agreement)
between The Boeing Company (Boeing) and Air Lease Corporation (Customer)
relating to Model 777-300ER 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 applies
only to the ten (10) Block B Aircraft identified in Table 1B to the Purchase
Agreement (the Block B Aircraft).

 

1.                                   Definitions.

 

[*]

 

Program Aircraft means each Block B Aircraft specified in Table 1B of the
Purchase Agreement as of the date of this Letter Agreement.

 

2.                                   [*]

 

3.                                   [*]

 

 

--------------------------------------------------------------------------------

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

HAZ-PA-03658-LA-1300258

SA-5

[*]

 

 

 

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

LA Page 1

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 15

 

[g86461kg33i001.jpg]

 

4.                                   [*]

 

 

 

 

 

--------------------------------------------------------------------------------

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

 

HAZ-PA-03658-LA-1300258

SA-5

[*]

LA Page 2

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 15

 

[g86461kg33i001.jpg]

 

5.                                   [*]

 

6.                                   [*]

 

 

7.                                   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 Block B Aircraft at the time of
delivery and leasing the Block B Aircraft to a commercial operator and cannot be
assigned in whole or, in part.

 

 

--------------------------------------------------------------------------------

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

 

HAZ-PA-03658-LA-1300258

SA-5

[*]

LA Page 3

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 15

 

[g86461kg33i001.jpg]

 

8.                                   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 8) 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 8.  Customer
shall be fully responsible to Boeing for compliance with such obligations.

 

Very truly yours,

 

THE BOEING COMPANY

 

 

 

By

/s/ Carla Melvin

 

 

 

Its

Attorney-In-Fact

 

 

 

ACCEPTED AND AGREED TO this

 

 

 

Date:

February 27, 2013  

 

 

 

AIR LEASE CORPORATION

 

 

 

By

/s/ Gregory B. Willis

 

 

 

Its

Senior Vice President and Chief Financial Officer

 

 

 

HAZ-PA-03658-LA-1300258

SA-5

[*]

 

 

 

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

LA Page 1

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 15

 

ATTACHMENT A

to Letter Agreement HAZ-PA-03658-LA-1300258

 

[*]

 

 

 

 

 

 

--------------------------------------------------------------------------------

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

 

HAZ-PA-03658-LA-1300258

SA-5

[*]

Attachment A Page 1

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

Enclosure 15

 

ATTACHMENT B

to Letter Agreement HAZ-PA-03658-LA-1300258

 

[*]

 

 

 

 

 

--------------------------------------------------------------------------------

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

 

HAZ-PA-03658-LA-1300258

SA-5

[*]

Attachment B Page 1

BOEING PROPRIETARY

 

--------------------------------------------------------------------------------

 

[*]

 

 

--------------------------------------------------------------------------------

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

 

--------------------------------------------------------------------------------