EXHIBIT 10.12

 

Confidential Treatment

Requested Pursuant to Rule 24b-2

 

Supplemental Agreement No. 1

 

to

 

Purchase Agreement No. 03791

 

between

 

THE BOEING COMPANY

 

and

 

AIR LEASE CORPORATION

 

THIS SUPPLEMENTAL AGREEMENT is entered into as of February 4, 2013 (Supplemental
Agreement No. 1) by and between THE BOEING COMPANY (Boeing) and AIR LEASE
CORPORATION (Customer);

 

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

 

WHEREAS, Boeing and Customer desire to amend the Purchase Agreement to [*].

 

All terms used but not defined in this Supplemental Agreement No. 1 have the
same meaning as in the Purchase Agreement.

 

NOW THEREFORE, in consideration of the mutual covenants herein contained, the
parties agree to amend the Purchase Agreement as follows:

 

1.        TABLE OF CONTENTS.

 

The Table of Contents of the Purchase Agreement is deleted in its entirety and
replaced by a new Table of Contents, attached as Enclosure 1 to this
Supplemental Agreement No. 1, which reflects the revisions set forth in this
Supplemental Agreement No. 1.

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

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

HAZ-PA-03791

1

SA-1

 

BOEING PROPRIETARY

 

 

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

 

2.        TABLES.

 

(a)       Table 1A to Purchase Agreement No. 03791, 737-8 Aircraft Delivery,
Description, Price and Advance Payments, is deleted in its entirety and replaced
by a revised Table 1A to Purchase Agreement No. 03791, 737-8 Aircraft Delivery,
Description, Price and Advance Payments, attached as Enclosure 2 to this
Supplemental Agreement No. 1, which reflects [*].  

 

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/Jeffrey J. Solomon

By:

/s/Grant Levy

 

 

 

 

Its:

Attorney‑In‑Fact

Its:

Executive Vice President

 

 

 

 

Attachments

 

 

 

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

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

 

 

HAZ-PA-03791

2

SA-1

 

BOEING PROPRIETARY

 

 

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

 

Enclosure 1

TABLE OF CONTENTS

 

 

 

 

ARTICLES

SA No.

Article 1.

Quantity, Model and Description

Article 2.

Delivery Schedule

Article 3.

Price

Article 4.

Payment

Article 5.

Additional Terms

 

 

TABLE

1A.

737-8 Aircraft Information Table

SA-1

1B.

737-9 Aircraft Information Table

 

EXHIBIT

A1.

737-8 Aircraft Configuration

A2.

737-9 Aircraft Configuration

B.

Aircraft Delivery Requirements and Responsibilities

 

SUPPLEMENTAL EXHIBITS

AE1.

Escalation Adjustment - Airframe and Optional Features

BFE1.

BFE Variables

CS1.

Customer Support Variables

EE1.

[*], Engine Warranty and Patent Indemnity

SLP1.

Service Life Policy Components

 

 

LETTER AGREEMENTS

LA-1208077

AGTA Matters

LA-1208078

Advance Payment Matters

LA-1208079

[*]

LA-1208080

Assignment of Customer’s Interest to a Subsidiary or Affiliate

LA-1208081

Other Matters

LA-1208082

Demonstration Flight Waiver

LA-1208083

[*]

LA-1208084

Leasing Matters

LA-1208085

Liquidated Damages for Non-Excusable Delay

LA-1208086

Loading of Customer Software

LA-1208087

Open Matters for 737-8 and 737-9 Aircraft

LA-1208088

Performance Matters

LA-1208089

[*]

LA-1208090

Special Matters

LA-1208091

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

LA-1208092

[*]

LA-1208958

[*]

LA-1208963

[*]

LA-1209052

[*]

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

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

 

 

 

 

HAZ-PA-03791

 

SA-1

 

BOEING PROPRIETARY

 

 

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

 

Enclosure 2

Table 1A

to Purchase Agreement No. PA-03791

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

 

 

 

 

 

 

 

 

 

 

 

 

Airframe Model/MTOW:

737-8

181200 pounds

 

Detail Specification:

 

D019A007-B (5/18/2012)

Engine Model/Thrust:

 

CFM-LEAP-1B

0 pounds

 

Airframe Price Base Year/Escalation Formula:

[*]

[*]

Airframe Price:

 

 

[*]

 

Engine Price Base Year/Escalation Formula:

[*]

[*]

Optional Features:

 

 

[*]

 

 

 

 

 

 

Sub-Total of Airframe and Features:

 

[*]

 

Airframe Escalation Data:

 

 

 

Engine Price (Per Aircraft):

 

[*]

 

Base Year Index (ECI):

 

[*]

 

Aircraft Basic Price (Excluding BFE/SPE):

[*]

 

Base Year Index (CPI):

 

[*]

 

Buyer Furnished Equipment (BFE) Estimate:

[*]

 

 

 

 

 

 

Seller Purchased Equipment (SPE) Estimate:

[*]

 

 

 

 

 

 

Refundable Deposit/Aircraft at Proposal Accept:

[*]

 

 

 

 

 

 

 

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

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

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

[*]

[*]

[*]

[*]

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]-2017

1

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

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Page 1 of 6

 

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

 

Enclosure 2

Table 1A

to Purchase Agreement No. PA-03791

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

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

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

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

[*]

[*]

[*]

[*]

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

SA-1

HAZ-PA-03791 60521, 63035

Boeing Proprietary

Page 2 of 6

 

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

 

Enclosure 2

Table 1A

to Purchase Agreement No. PA-03791

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

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

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

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

[*]

[*]

[*]

[*]

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

SA-1

HAZ-PA-03791 60521, 63035

Boeing Proprietary

Page 3 of 6

 

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

 

Enclosure 2

Table 1A

to Purchase Agreement No. PA-03791

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

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

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

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

[*]

[*]

[*]

[*]

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

SA-1

HAZ-PA-03791 60521, 63035

Boeing Proprietary

Page 4 of 6

 

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

 

Enclosure 2

Table 1A

to Purchase Agreement No. PA-03791

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

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

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

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

[*]

[*]

[*]

[*]

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]

3

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

3

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

 

 

 

 

 

 

SA-1

HAZ-PA-03791 60521, 63035

Boeing Proprietary

Page 5 of 6

 

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

 

Enclosure 2

Table 1A

to Purchase Agreement No. PA-03791

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

 

 

 

Manufacturer

Escalation

 

 

Escalation Estimate

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

Delivery

Number of

Serial

Factor

 

 

Adv Payment Base

[*]

[*]

[*]

[*]

Date

Aircraft

No.

(Airframe)

 

 

Price Per A/P

[*]

[*]

[*]

[*]

[*]

2

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

1

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]

[*]

 

 

[*]

[*]

[*]

[*]

[*]

[*]-2022

[*]

 

 

[*]

[*]

[*]

[*]

[*]

Total:

80

 

 

 

 

 

 

 

 

 

 

 

[*]

 

[*]

 

[*]

 

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

 

 

 

 

 

 

SA-1

HAZ-PA-03791 60521, 63035

Boeing Proprietary

Page 6 of 6

 

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