EXHIBIT 10.1

 

Confidential Treatment

Requested Pursuant to Rule 24b-2

 

 

 

AMENDMENT N°7

 

 

TO THE

 

 

 

A350 FAMILY PURCHASE AGREEMENT

 

 

 

BETWEEN

 

 

 

 

AIRBUS S.A.S.

 

as Seller

 

 

 

 

and

 

 

 

 

AIR LEASE CORPORATION

 

As Buyer

 

 

 

 

 

 

 

Amendment Nº7 to the ALC A350XWB Family PA

 

Ref. CLC- CT1700108

 

Page 1/6

 

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AMENDMENT N°7 TO THE

A350 FAMILY PURCHASE AGREEMENT

 

 

 

This amendment N°7 (the “Amendment N°7)  dated 31 July 2017 is made

 

BETWEEN:

 

AIRBUS S.A.S., a French société par actions simplifiée with a share capital of
EUR 3,226,781, with its registered office at 2, rond-point Emile Dewoitine,
31700 Blagnac, France, registered with the Commercial and Companies Register of
Toulouse under number 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 referred to as the
“Purchase Agreement”.

 

B.   On 3rd March 2015,  the Buyer and the Seller entered into an Amendment
N°1 to the Purchase Agreement to modify the terms and conditions with respect to
certain A350XWB Family Aircraft.

 

C.   On 3rd March 2015, the Buyer and the Seller entered into an Amendment N°2
to the Purchase Agreement for the manufacture and sale by the Seller and
purchase by the Buyer of one (1) incremental A350-900 Aircraft.

 

D.   On 08th September 2015, the Buyer and the Seller entered into an Amendment
N°3 to the Purchase Agreement for (i) the manufacture and sale by the Seller and
purchase by the Buyer of two (2) incremental A350-900 Aircraft [*].  

 

E.   On 14th April 2016, the Buyer and the Seller entered into an Amendment N°4
to the Purchase Agreement in order to (i) provide the terms by which the Seller
shall manufacture and sell and the Buyer shall purchase one (1) incremental
A350-900 Aircraft, and (ii) [*].

 

F.   On 25th May 2016,  the Buyer and the Seller entered into an Amendment N°5
to the Purchase Agreement [*].

 

G.   On 18th July 2016, the Buyer and the Seller entered into an Amendment N°6
to the Purchase Agreement in order to, among other things, (i) address
specifications issues for both A350-900 Aircraft and A350-1000 Aircraft, (ii)
[*] and (iii) [*].

 

The Purchase Agreement as amended and supplemented pursuant to the foregoing
shall be referred to as the “Agreement”.

 

H.   The Buyer and the Seller now wish to enter into this Amendment N°7 in order
to [*].

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

 

Amendment Nº7 to the ALC A350XWB Family PA

 

Ref. CLC- CT1700108

 

Page 2/6

 

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The terms “herein”, “hereof” and “hereunder” and words of similar import refer
to this Amendment N°7. 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 Nº7 to the ALC A350XWB Family PA

 

Ref. CLC- CT1700108

 

Page 3/6

 

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1.          [*]

 

2.           INCONSISTENCY AND CONFIDENTIALITY

 

2.1         In the event of any inconsistency between the terms and conditions
of the Agreement and those of this Amendment N°7, 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.

 

2.2        This Amendment N°7 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.

 

2.3        This Amendment N°7 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.

 

3.           COUNTERPARTS

 

This Amendment N°7 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.

 

4.           LAW AND JURISDICTION

 

This Amendment N°7 will be governed by and construed and the performance thereof
will be determined in accordance with the laws of the State of New York, without
giving effect to its conflicts of laws provisions that would result in the
application of the law of any other jurisdiction.

 

The provisions of Clause 22.6 of the Purchase Agreement shall apply to this
Amendment N°7 as if the same were set out in full herein, mutatis mutandis.

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

 

 

Amendment Nº7 to the ALC A350XWB Family PA

 

Ref. CLC- CT1700108

 

Page 4/6

 

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IN WITNESS WHEREOF this Amendment N°7 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.

 

 

 

 

 

 

/s/ Grant Levy

/s/ Christophe Mourey

 

 

 

 

By:

Grant Levy

By:

Christophe Mourey

 

 

Its:

Executive Vice President

Its:

Senior Vice President Contracts

 

 

Amendment Nº7 to the ALC A350XWB Family PA

 

Ref. CLC- CT1700108

 

Page 5/6

 

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APPENDIX 1

 

 

CAC ID

Aircraft
Rank

Scheduled Delivery
Month

Aircraft
Type

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2017

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2024

[*]

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

 

Amendment Nº7 to the ALC A350XWB Family PA

 

Ref. CLC- CT1700108

 

Page 6/6

 

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