EXHIBIT 10.7

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS
BOTH (I) NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO THE
REGISTRANT IF PUBLICLY DISCLOSED

 

Supplemental Agreement No. 12

 

to

 

Purchase Agreement No. PA-03659

 

between

 

The Boeing Company

 

and

 

Air Lease Corporation

 

This Supplemental Agreement is entered into as of April 26, 2019, (Supplemental
Agreement No. 12) by and between THE BOEING COMPANY (Boeing) and AIR LEASE
CORPORATION (Customer);

 

All terms used but not defined in this Supplemental Agreement No. 12 have the
same meaning as in the Purchase Agreement;

 

WHEREAS, Boeing and Customer have entered into Purchase Agreement No. PA-03659
dated as of October 31, 2011 (the Purchase Agreement) relating to the purchase
and sale of Model 787-9 aircraft and Model 787-10 aircraft; and

 

WHEREAS, Boeing and Customer agree to [*]; and

 

WHEREAS, Boeing and Customer agree to [*]; and

 

WHEREAS, Boeing and Customer agree to [*].

 

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

 

HAZ-PA-03659

 

SA-12

 

 

i

 

BOEING PROPRIETARY

 

 

Agreement No. 12 which reflects the revisions set forth in this Supplemental
Agreement No. 12.

 

2.          TABLE 1.

 

a.    Table 1C to Purchase Agreement No. PA-03659, 787-10 Block A Aircraft
Delivery, Description, Price and Advance Payments Rolls Royce Engines is deleted
in its entirety and replaced by a revised Table 1C to Purchase Agreement No.
PA-03659, 787-10 Block A Aircraft Delivery, Description, Price and Advance
Payments Rolls Royce Engines provided as Enclosure 2 to this Supplemental
Agreement No. 12 to reflect [*].

 

b.    Table 1C to Purchase Agreement No. PA-03659, 787-10 Block A Aircraft
Delivery, Description, Price and Advance Payments General Electric Engines is
deleted in its entirety and replaced by a revised Table 1C to Purchase Agreement
No. PA-03659, 787-10 Block A Aircraft Delivery, Description, Price and Advance
Payments General Electric Engines provided as Enclosure 3 to this Supplemental
Agreement No. 12 to reflect [*].

 

c.    Table 1F to Purchase Agreement No. PA-03659, 787-9 Block E Aircraft
Delivery, Description, Price and Advance Payments Rolls Royce Engines is deleted
in its entirety and replaced by a revised Table 1F to Purchase Agreement No.
PA-03659, 787-9 Block E Aircraft Delivery, Description, Price and Advance
Payments Rolls Royce Engines provided as Enclosure 4 to this Supplemental
Agreement No. 12 to reflect [*].

 

d.    Table 1F to Purchase Agreement No. PA-03659, 787-9 Block E Aircraft
Delivery, Description, Price and Advance Payments General Electric Engines is
deleted in its entirety and replaced by a revised Table 1F to Purchase Agreement
No. PA-03659, 787-9 Block E Aircraft Delivery, Description, Price and Advance
Payments General Electric Engines provided as Enclosure 5 to this Supplemental
Agreement No. 12 to reflect [*].

 

3.          LETTER AGREEMENTS.

 

Letter Agreement LA-1104720R7, Advance Payment Matters, is deleted in its
entirety and replaced by a revised Letter Agreement LA-1104720R8, Advance
Payment Matters, provided as Enclosure 6 to this Supplemental Agreement No. 12,
which reflects [*].

 

4.          PAYMENT CONSIDERATIONS.

 

[*]

 

5.          MISCELLANEOUS.

 

a.    The Purchase Agreement is amended as set forth above, and all other terms
and conditions of the Purchase Agreement remain unchanged and are in full force
and effect.  Any Tables of Contents, Tables, Supplemental Exhibits, Letter
Agreements or other

 

HAZ-PA-03659

 

SA-12

 

 

ii

 

BOEING PROPRIETARY

 

 

documents that are listed in the Sections above are incorporated into this
Supplemental Agreement by this reference.

 

b.    This Supplemental Agreement will become effective upon execution and
receipt by both Parties on or before April 28, 2019, after which date this
Supplemental Agreement will be null and void and have no force or effect.

 

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

 

 

 

 

 

 

THE BOEING COMPANY

    

AIR LEASE CORPORATION

 

 

 

BY:

/s/ Michael Lombardi

 

BY:

/s/ Grant Levy

 

 

 

ITS:

Attorney-In-Fact

 

ITS:

Executive Vice President

 

 

 

 

HAZ-PA-03659

 

SA-12

 

 

iii

 

BOEING PROPRIETARY

 

 

Enclosure 1

 

 

PURCHASE AGREEMENT NUMBER PA-03659

 

between

 

THE BOEING COMPANY

 

and

 

Air Lease Corporation

 

Relating to Boeing Model 787-9 and 787-10 Aircraft

 

 

PA 3659

 

SA-12

 

Enclosure 1

 

 

TABLE OF CONTENTS

 

 

 

 

ARTICLES

 

 

Article 1.

Quantity, Model, Description and Inspection

SA-2

Article 2.

Delivery Schedule

SA-2

Article 3.

Price

SA-2

Article 4.

Payment

SA-2

Article 5.

Additional Terms

SA-2

 

 

 

 

TABLE

 

 

1A.

787-9 Block A Aircraft Information Table

SA-8

1B.

787-9 Block B Aircraft Information Table

SA-7

1C.

787-10 Block A Aircraft Information Table

SA-12

1D.

787-9 Block C Aircraft Information Table

SA-6

1E.

787-9 Block D Aircraft Information Table

SA-11

1F.

787-9 Block E Aircraft Information Table

SA-12

 

 

 

 

EXHIBIT

 

 

A1.

HAZ[*] 787-9 Aircraft Configuration

SA-7

A2.

HAZ[*] 787-9 Aircraft Configuration

SA-7

A3.

HAZ[*] 787-9 Aircraft Configuration

SA-8

A4.

HAZ[*] 787-9 Aircraft Configuration

SA-11

B.

Aircraft Delivery Requirements and Responsibilities

SA-2

 

 

 

 

SUPPLEMENTAL EXHIBITS

 

AE1.

Escalation Adjustment Airframe and Optional Features

SA-2

BFE1.

BFE Variables

SA-7

CS1.

Customer Support Document

SA-10

EE1.

[*], Engine Warranty and Patent Indemnity –General Electric Engines

SA-2

EE1.

[*], Engine Warranty and Patent Indemnity – Rolls Royce Engines

SA-2

SLP1.

Service Life Policy Components

SA-2

 

 

 

 

PA 3659

 

SA-12

 

Enclosure 1

 

 

 

 

 

LETTER AGREEMENTS

 

LA-1104716R1

[*]

SA-2

LA-1104717R1

Demonstration Flight Waiver

SA-2

LA-1104718R1

[*]

SA-2

LA-1104719R1

Other Matters

SA-2

LA-1104720R8

Advance Payment Matters

SA-12

LA-1104721R1

[*]

SA-2

LA-1104722R1

Assignment of Customer’s Interest to a Subsidiary or Affiliate

SA-2

LA-1104724

e-Enabling Software Matters

 

LA-1104725R1

[*]

SA-2

LA-1104726R1

Special Matters relating to COTS Software and End User License Agreements

SA-2

LA-1104727R2

AGTA Matters

SA-2

LA-1104728R1

Leasing Matters for 787 Aircraft

SA-2

LA-1104729R1

Liquidated Damages – Non-Excusable Delay

SA-2

LA-1104730R5

Open Configuration Matters

SA-10

LA-1104731R1

Performance Guarantees – 787-9 Block A Aircraft

SA-2

LA-1104733R1

Special Terms - Seats and In-flight Entertainment

SA-2

LA-1104734R2

Special Matters – 787-9 Block A Aircraft

SA-6

LA-1300863

Performance Guarantees – 787-10 Block A Aircraft

SA-2

LA-1300864R3

Performance Guarantees – 787-9 Block B, C, D, and E Aircraft

SA-10

LA-1301080R5

Special Matters – 787-9 Blocks B, C, D, and E Aircraft

SA-11

LA-1301081R1

Special Matters – 787-10 Block A Aircraft

SA-10

LA-1301082R2

[*]

SA-7

LA-1301083

Promotional Support – 787-10 Aircraft

SA-2

LA-1301084

[*]

SA-2

LA-1302043R1

[*]

SA-10

LA-1302348R1

[*]

SA-2

LA-1601083

Special Matters Relating to In-Seat IFE [*]

SA-7

LA-1605597

[*]

SA-9

LA-1805142

[*]

SA-10

LA-1805362

Model 787 Post‑Delivery Software and Data Loading

SA-10

 

 

 

 

PA 3659

 

SA-12

 

Enclosure 2

Table 1C To

Purchase Agreement No. PA-03659

787-10 Block A Aircraft Delivery, Description, Price and Advance Payments

Rolls Royce Trent 1000-J Engines

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Airframe Model/MTOW:

 

 

 

 

787-10

 

553000 pounds

 

Detail Specification:

787B1-3806-E (5/10/2013)

 

Engine Model/Thrust:

 

 

 

 

TRENT1000-J

 

74100 pounds

 

Airframe Price Base Year/Escalation Formula:

[*]

[*]

Airframe Price:

 

 

 

 

 

 

[*]

 

Engine Price Base Year/Escalation Formula:

[*]

[*]

Optional Features:

 

 

 

 

 

 

[*]

 

 

 

 

 

 

Sub-Total of Airframe and Features:

 

 

 

 

 

[*]

 

Airframe Escalation Data:

 

 

 

Engine Price (Per Aircraft):

 

 

 

 

 

 

[*]

 

Base Year Index (ECI):

 

[*]

 

Aircraft Basic Price (Excluding BFE/SPE):

 

 

 

 

 

[*]

 

Base Year Index (CPI):

 

[*]

 

Buyer Furnished Equipment (BFE) Estimate:

 

 

 

 

 

[*]

 

Engine Escalation Data:

 

 

 

In-Flight Entertainment (IFE) Estimate:

 

 

 

 

 

[*]

 

Base Year Index (ECI):

 

[*]

 

 

 

 

 

 

 

 

 

 

 

Base Year Index (CPI):

 

[*]

 

Refundable Deposit/Aircraft at Proposal Accept:

 

 

 

 

 

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufacturer's

 

Optional

P.A.

 

 

Escalation

Escalation

Escalation Estimate

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

Delivery

Number of

Serial

Lessee

Features

Exhibit

Engine

Engine

Factor

Factor

Adv Payment Base

[*]

[*]

[*]

[*]

Date

Aircraft

Number

 

Price

A

Selection

Price

(Airframe)

(Engine)

Price Per A/P

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]-2020

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]-2022

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

SA-12

HAZ-PA-03659 63946-1F.TXT

Boeing Proprietary

Page 1

 

Enclosure 2

Table 1C To

Purchase Agreement No. PA-03659

787-10 Block A Aircraft Delivery, Description, Price and Advance Payments

Rolls Royce Trent 1000-J Engines

 

 

 

Manufacturer's

 

Optional

P.A.

 

 

Escalation

Escalation

Escalation Estimate

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

Delivery

Number of

Serial

Lessee

Features

Exhibit

Engine

Engine

Factor

Factor

Adv Payment Base

[*]

[*]

[*]

[*]

Date

Aircraft

Number

 

Price

A

Selection

Price

(Airframe)

(Engine)

Price Per A/P

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

Total:

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SA-12

HAZ-PA-03659 63946-1F.TXT

Boeing Proprietary

Page 2

 

Enclosure 3

Table 1C To

Purchase Agreement No. PA-03659

787-10 Block A Aircraft Delivery, Description, Price and Advance Payments

General Electric Engines

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Airframe Model/MTOW:

 

 

 

 

787-10

553000 pounds

 

Detail Specification:

787B1-3806-E (5/10/2013)

 

Engine Model/Thrust:

 

 

 

 

GENX-1B74/75

74100 pounds

 

Airframe Price Base Year/Escalation Formula:

[*]

[*]

Airframe Price:

 

 

 

 

 

 

[*]

 

Engine Price Base Year/Escalation Formula:

[*]

[*]

Optional Features:

 

 

 

 

 

 

[*]

 

 

 

 

 

 

Sub-Total of Airframe and Features:

 

 

 

 

 

[*]

 

Airframe Escalation Data:

 

 

 

Engine Price (Per Aircraft):

 

 

 

 

 

 

[*]

 

Base Year Index (ECI):

 

[*]

 

Aircraft Basic Price (Excluding BFE/SPE):

 

 

 

 

 

[*]

 

Base Year Index (CPI):

 

[*]

 

Buyer Furnished Equipment (BFE) Estimate:

 

 

 

 

 

[*]

 

Engine Escalation Data:

 

 

 

In-Flight Entertainment (IFE) Estimate:

 

 

 

 

 

[*]

 

Base Year Index (ECI):

 

[*]

 

 

 

 

 

 

 

 

 

 

 

Base Year Index (CPI):

 

[*]

 

Refundable Deposit/Aircraft at Proposal Accept:

 

 

 

 

 

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufacturer's

 

Optional

P.A.

 

 

Escalation

Escalation

Escalation Estimate

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

Delivery

Number of

Serial

Lessee

Features

Exhibit

Engine

Engine

Factor

Factor

Adv Payment Base

[*]

[*]

[*]

[*]

Date

Aircraft

Number

 

Price

A

Selection

Price

(Airframe)

(Engine)

Price Per A/P

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]-2019

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]-2022

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

SA-12

HAZ-PA-03659 63946-1F.TXT

Boeing Proprietary

Page 1

 

 

Enclosure 3

Table 1C To

Purchase Agreement No. PA-03659

787-10 Block A Aircraft Delivery, Description, Price and Advance Payments

General Electric Engines

 

 

 

Manufacturer's

 

Optional

P.A.

 

 

Escalation

Escalation

Escalation Estimate

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

Delivery

Number of

Serial

Lessee

Features

Exhibit

Engine

Engine

Factor

Factor

Adv Payment Base

[*]

[*]

[*]

[*]

Date

Aircraft

Number

 

Price

A

Selection

Price

(Airframe)

(Engine)

Price Per A/P

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

Total:

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SA-12

HAZ-PA-03659 63946-1F.TXT

Boeing Proprietary

Page 2

 

 

Enclosure 4

Table 1F To

Purchase Agreement No. PA-03659

787-9 Block E Aircraft Delivery, Description, Price and Advance Payments

Rolls-Royce Engines

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Airframe Model/MTOW:

787-9

560,000 pounds

 

 

Detail Specification:

 

 

787B1-4102-V (11/10/2017)

 

 

Engine Model/Thrust:

 

TRENT1000-J

74,400 pounds

 

 

Airframe Price Base Year/Escalation Formula:

 

[*]

[*]

 

Airframe Price:

 

 

[*]

 

 

Engine Price Base Year/Escalation Formula1:

 

 

[*]

[*]

 

Optional Features:

 

 

[*]

 

 

 

 

 

 

 

 

 

 

Sub-Total of Airframe and Features:

 

[*]

 

 

Airframe Escalation Data:

 

 

 

 

 

 

Engine Price (Per Aircraft)1:

 

[*]

 

 

Base Year Index (ECI):

 

 

 

[*]

 

 

Aircraft Basic Price (Excluding BFE/SPE):

[*]

 

 

Base Year Index (CPI):

 

 

 

[*]

 

 

Buyer Furnished Equipment (BFE) Estimate:

[*]

 

 

Engine Escalation Data:

 

 

 

 

 

 

In-Flight Entertainment (IFE) Estimate:

[*]

 

 

Base Year Index (ECI):

 

 

 

[*]

 

 

LIFT Seats Provided by Boeing (Estimate):

[*]

 

 

Base Year Index (CPI):

 

 

 

[*]

 

 

Deposit per Aircraft:

 

 

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number

Escalation

Escalation

Manufacturer

P.A.

 

Escalation Estimate

Engine

Engine

Engine

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

Delivery

of

Factor

Factor

Serial

Ex

Lessee

Adv Payment Base

Thrust

Price2

Baseyear3

[*]

[*]

[*]

[*]

Date

Aircraft

(Airframe)

(Engine)

Number

A

 

Price Per A/P

Selection

 

 

[*]

[*]

[*]

[*]

[*]-2020

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]-2022

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

Total:

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Note: Serial numbers are provided as guidance only and are subject to change.

 

 

 

 

 

 

 

 

 

 

 

 

SA-12

HAZ-PA-03659 110418-1F.TXT

Boeing Proprietary

Page 1

 

 

Enclosure 5

Table 1F To

Purchase Agreement No. PA-03659

787-9 Block E Aircraft Delivery, Description, Price and Advance Payments

General Electric Engines

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Airframe Model/MTOW:

787-9

560,000 pounds

 

 

Detail Specification:

 

 

787B1-4102-V (11/10/2017)

 

 

Engine Model/Thrust:

GENX-1B74/75

74,100 pounds

 

 

Airframe Price Base Year/Escalation Formula:

 

 

 

[*]

[*]

 

Airframe Price:

 

 

[*]

 

 

Engine Price Base Year/Escalation Formula1:

 

 

[*]

[*]

 

Optional Features:

 

 

[*]

 

 

 

 

 

 

 

 

 

 

Sub-Total of Airframe and Features:

 

[*]

 

 

Airframe Escalation Data:

 

 

 

 

 

 

Engine Price (Per Aircraft)1:

 

[*]

 

 

Base Year Index (ECI):

 

 

 

[*]

 

 

Aircraft Basic Price (Excluding BFE/SPE):

[*]

 

 

Base Year Index (CPI):

 

 

 

[*]

 

 

Buyer Furnished Equipment (BFE) Estimate:

[*]

 

 

Engine Escalation Data:

 

 

 

 

 

 

In-Flight Entertainment (IFE) Estimate:

 

[*]

 

 

Base Year Index (ECI):

 

 

 

[*]

 

 

LIFT Seats Provided by Boeing (Estimate):

 

[*]

 

 

Base Year Index (CPI):

 

 

 

[*]

 

 

Deposit per Aircraft:

 

 

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number

Escalation

Escalation

Manufacturer

P.A.

 

Escalation Estimate

Engine

Engine

Engine

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

Delivery

of

Factor

Factor

Serial

Ex

Lessee

Adv Payment Base

Thrust

Price2

Baseyear3

[*]

[*]

[*]

[*]

Date

Aircraft

(Airframe)

(Engine)

Number

A

 

Price Per A/P

Selection

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]-2020

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]-2022

1

[*]

[*]

[*]

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total:

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Note: Serial numbers are provided as guidance only and are subject to change.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SA-12

HAZ-PA-03659 110415-1F.TXT

Boeing Proprietary

Page 1

 

 

Enclosure 6

Picture 1 [al20190630ex107afdf86001.jpg]

 

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

 

 

 

 

HAZ-PA-03659-LA-1104720R8

 

Air Lease Corporation

2000 Avenue of the Stars, Suite 1000N

Los Angeles, CA 90067

 

Subject:             Advance Payment Matters

 

Reference:         Purchase Agreement No. PA-03659 (Purchase Agreement) between
The Boeing Company (Boeing) and Air Lease Corporation (Customer) relating to
Model 787-9 and 787-10 aircraft (collectively, the Aircraft)

 

This letter agreement (Letter Agreement) cancels and supersedes letter agreement
HAZ-PA-03659-LA-1104720R7 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 (AGTA)
between Boeing and Customer.  This Letter Agreement modifies certain terms and
conditions of the AGTA with respect to the Aircraft.

 

1.          Alternative Fixed Advance Payment Schedule.

 

1.1        Notwithstanding the Aircraft advance payment schedule provided in
Table 1 of the Purchase Agreement Customer may elect to pay an alternative fixed
advance payment schedule for the respective Aircraft, as set forth in the table
below (Alternative Fixed Advance Payment Schedule).

 

1.2        Alternative Fixed Advance Payment Schedule – 787-9 Block A Aircraft.

 

[*]

 

1.3        Alternative Fixed Advance Payment Schedule – 787-9 Block B Aircraft.

 

[*]

 

1.4        Alternative Fixed Advance Payment Schedule – 787-9 Block C, 787-9
Block D Aircraft, and 787-9 Block E Aircraft.[*]

 

1.5        Alternative Fixed Advance Payment Schedule – 787-10 Block A Aircraft

 

[*]

 

HAZ-PA-03659-LA-1104720R8

 

SA-12

Advance Payment Matters

 

LA Page 1

 

BOEING PROPRIETARY

 

 

Enclosure 6

Picture 2 [al20190630ex107afdf86001.jpg]

 

1.6        [*]

 

2.          [*]

 

3.          [*]

 

4.          [*]

 

5.          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 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.

 

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.

 

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.

 

 

 

 

 

HAZ-PA-03659-LA-1104720R8

 

SA-12

Advance Payment Matters

 

LA Page 2

 

BOEING PROPRIETARY

 

 

Enclosure 6

Picture 2 [al20190630ex107afdf86001.jpg]

 

Very truly yours,

 

 

 

 

THE BOEING COMPANY

 

 

 

By

/s/ Michael Lombardi

 

 

 

Its

Attorney-In-Fact

 

 

 

ACCEPTED AND AGREED TO this

 

 

 

Date:

April 26, 2019

 

 

 

AIR LEASE CORPORATION

 

 

 

By

/s/ Steven F. Udvar-Házy

 

 

 

Its

Chairman

 

 

 

 

 

 

HAZ-PA-03659-LA-1104720R8

 

SA-12

Advance Payment Matters

 

LA Page 3

 

BOEING PROPRIETARY