EXHIBIT 10.2

 

Confidential Treatment
Requested Pursuant to Rule 24b-2

 

 

AMENDMENT N° 1

 

 

TO THE

 

 

 

A350 FAMILY PURCHASE AGREEMENT

 

 

 

BETWEEN

 

 

 

 

AIRBUS S.A.S.

 

as Seller

 

 

 

and

 

 

 

AIR LEASE CORPORATION

 

As Buyer

 

 

Amendment Nº1  to the ALC A350 Family PA

Page 1/6

 

Ref. CLC - CT1500403

 

 

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AMENDMENT N° 1 TO THE

A350 FAMILY PURCHASE AGREEMENT

 

 

This amendment N°1 (the “Amendment N° 1”) dated March 3, 2015 is made

 

BETWEEN:

 

 

AIRBUS S.A.S., a société par actions simplifiée, created and existing under
French law having its registered office at 1 Rond-Point Maurice Bellonte, 31707
Blagnac-Cedex, France and registered with the Toulouse Registre du Commerce
under number RCS Toulouse 383 474 814 (the “Seller”),

 

and

 

AIR LEASE CORPORATION, a corporation organised and existing under the laws of
the State of Delaware, U.S.A., having its principal place of business at 2000
Avenue of the Stars, Suite 1000N, Los Angeles, California 90067, U.S.A. (the
“Buyer”).

 

 

The Buyer and Seller together are referred to as the “Parties”.

 

 

WHEREAS:

 

 

A.          The Buyer and the Seller have signed a purchase agreement with
reference CLC-CT1103521 on the 1st February 2013 for the manufacture and sale by
the Seller and purchase by the Buyer of twenty-five (25) firm A350 Family
aircraft hereinafter together with its Exhibits and Letter Agreements and as
further amended from time to time referred to as the “Agreement”.

 

B.          The Parties wishes to modify the terms and conditions with respect
to certain A350XWB Family Aircraft, as set out below.

 

The terms “herein”, “hereof” and “hereunder” and words of similar import refer
to this Amendment N° 1. Capitalized terms used herein and not otherwise defined
herein shall have the meanings assigned thereto in the Agreement.

 

 

NOW IT IS HEREBY AGREED AS FOLLOWS:

 

 

Amendment Nº1  to the ALC A350 Family PA

Page 2/6

 

Ref. CLC - CT1500403

 

 

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1.                                                      OPTION AIRCRAFT

 

1.1                                              The Parties hereby agree, with
respect to Option Aircraft (as defined in Letter Agreement N° 6 to the
Agreement), that [*].

 

1.2                                              [*]

 

2.                                                      [*]

 

2.1                                              [*]

 

2.2                                              [*]

 

2.3                                              [*]

 

2.4                                              [*]

 

 

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

Amendment Nº1  to the ALC A350 Family PA

Page 3/6

 

Ref. CLC - CT1500403

 

 

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2.5                                              [*]

 

 

2.6                                              [*]

 

 

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

Amendment Nº1  to the ALC A350 Family PA

Page 4/6

 

Ref. CLC - CT1500403

 

 

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4.                                                      INCONSISTENCY AND
CONFIDENTIALITY

 

4.1                                              In the event of any
inconsistency between the terms and conditions of the Agreement and those of
this Amendment N° 1, the latter shall prevail to the extent of such
inconsistency, whereas the part of the Agreement not concerned by such
inconsistency shall remain in full force and effect.

 

4.2                                              This Amendment N° 1 reflects
the understandings, commitments, agreements, representations and negotiations
related to the matters set forth herein whatsoever, oral and written, and may
not be varied except by an instrument in writing of even date herewith or
subsequent hereto executed by the duly authorised representatives of both
Parties.

 

4.3                                              This Amendment N° 1 shall be
treated by both Parties as confidential and shall not be released in whole or in
part to any third party without the prior consent of the other Party except as
may be required by law, or to professional advisors for the implementation
hereof.

 

 

5.                                                      COUNTERPARTS

 

This Amendment N° 1 may be executed by the Parties in separate counterparts,
each of which when so executed and delivered shall be an original, but all such
counterparts shall together constitute one and the same instrument.

 

 

6.                                                      LAW AND JURISDICTION

 

The provisions of Clause 22.6 of the Agreement shall apply to this Amendment N°
1 as if the same were set out in full herein, mutatis mutandis.

 

 

Amendment Nº1  to the ALC A350 Family PA

Page 5/6

 

Ref. CLC - CT1500403

 

 

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IN WITNESS WHEREOF this Amendment N°1 was entered into the day and year first
above written.

 

 

 

 

For and on behalf of

For and on behalf of

 

 

 

 

 

 

 

 

 

 

 

 

AIR LEASE CORPORATION

AIRBUS S.A.S.

 

 

 

 

 

 

 

 

 

 

By:                          /s/ Steven F. Udvar-Házy

By:                          /s/ John J. Leahy

 

 

Its:                             Chairman and CEO

Its:                             Chief Operating Officer - Customers

 

 

Amendment Nº1  to the ALC A350 Family PA

Page 6/6

 

Ref. CLC - CT1500403

 

 

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