Exhibit 4.7


 


A320 FAMILY NEO AIRCRAFT


 


PURCHASE AGREEMENT


 


BETWEEN


 


AIRBUS S.A.S. 


 


as Seller


 


AND


 


CHINA EASTERN AIRLINES CORPORATION LTD


 


as Buyer


 


CT1302606


 


CES reference: 14GTBAP320


 


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CONTENTS


 


	CLAUSES	TITLES	 
	 	 	 
	0	DEFINITIONS AND INTERPRETATION	 
	 	 	 
	1	SALE AND PURCHASE	 
	 	 	 
	2	SPECIFICATION	 
	 	 	 
	3	PRICES	 
	 	 	 
	4	PRICE REVISION	 
	 	 	 
	5	PAYMENTS	 
	 	 	 
	6	MANUFACTURE PROCEDURE - INSPECTION	 
	 	 	 
	7	CERTIFICATION	 
	 	 	 
	8	TECHNICAL ACCEPTANCE	 
	 	 	 
	9	DELIVERY	 
	 	 	 
	10	EXCUSABLE DELAY	 
	 	 	 
	11	NON-EXCUSABLE DELAY	 
	 	 	 
	12	WARRANTIES AND SERVICE LIFE POLICY	 
	 	 	 
	13	PATENT AND COPYRIGHT INDEMNITY	 
	 	 	 
	14	TECHNICAL DATA AND SOFTWARE SERVICES	 
	 	 	 
	15	SELLER REPRESENTATIVES SERVICES	 
	 	 	 
	16	TRAINING SUPPORT AND SERVICES	 
	 	 	 
	17	EQUIPMENT SUPPLIER PRODUCT SUPPORT	 
	 	 	 
	18	BUYER FURNISHED EQUIPMENT	 
	 	 	 
	19	INDEMNIFICATION AND INSURANCE	 
	 	 	 
	20	TERMINATION	 
	 	 	 
	21	ASSIGNMENTS AND TRANSFERS	 
	 	 	 
	22	MISCELLANEOUS PROVISIONS	 


 


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CONTENTS


 


	EXHIBITS	TITLES	 
	 	 	 
	Exhibit A	SPECIFICATION	 
	 	 	 
	Exhibit B	B-1: FORM OF A SPECIFICATION CHANGE NOTICE	 
	 	B-2: FORM OF A MANUFACTURER’S SPECIFICATION CHANGE NOTICE	 
	 	 	 
	Exhibit C	PART 1 AIRFRAME PRICE REVISION FORMULA	 
	 	PART 2 PROPULSION SYSTEMS PRICE REVISION FORMULA	 
	 	 	 
	Exhibit D	FORM OF CERTIFICATE OF ACCEPTANCE	 
	 	 	 
	Exhibit E	FORM OF BILL OF SALE	 
	 	 	 
	Exhibit F	SERVICE LIFE POLICY – LIST OF ITEMS	 
	 	 	 
	Exhibit G	TECHNICAL DATA INDEX	 
	 	 	 
	Exhibit H	MATERIAL SUPPLY AND SERVICES	 
	 	 	 
	Exhibit I	LICENSES AND ON LINE SERVICES	 


 


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PURCHASE AGREEMENT


 


This A320 Family NEO Purchase Agreement (the
“Agreement”) is made on 28th February 2014.


 


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,


 


(hereinafter referred to as the “Seller”)
of the one part,


 


and


 


CHINA EASTERN AIRLINES CORPORATION LIMITED,
a company organised under the laws of the People’s Republic of China having its principal place of business at Hongqiao International
Airport, No. 2550 Hongqiao Road, Shanghai 200335, People’s Republic of China,


 


(hereinafter referred to as the the “Buyer”)
of the other part


The Seller and the Buyer together referred
as the “Parties” and each a “Party”


 


CHINA EASTERN AVIATION IMPORT & EXPORT
CORPORATION, a company organised under the laws of the People’s Republic of China having its principal place of business
at Hongqiao International Airport, No. 2550 Hongqiao Road, Shanghai 200335, People’s republic of China (the “Consenting
Party”), whose roles are more fully described in the payment agreement dated June 15, 2009 between the Parties
and the Consenting Party, is not a Party to the Purchase Agreement. but is acknowledging and witnessing its execution by countersigning
the last page.


 


WHEREAS subject to the terms and conditions
of this Agreement, the Seller desires to sell the Aircraft to the Buyer and the Buyer desires to purchase the Aircraft from the
Seller.


 


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NOW THEREFORE IT IS AGREED AS FOLLOWS:


 


		0	DEFINITIONS AND INTERPRETATION



 


		0.1	In addition to words and terms elsewhere defined in this Agreement, the initially capitalized words
and terms used in this Agreement shall have the meaning set out below.



 


A319 Airframe means the A319 Aircraft excluding
the A319 Propulsion Systems.


 


A320 Airframe means the A320 Aircraft excluding
the A320 Propulsion Systems.


 


A321 Airframe means the A321 Aircraft excluding
the A321 Propulsion Systems.


 


A319 Aircraft means an
Airbus A319-100 model aircraft including the A319 Airframe, the applicable Propulsion Systems, and any part, component, furnishing
or equipment installed on the A319 Aircraft on Delivery under the terms and conditions of this Agreement.


 


A320 Aircraft means an
Airbus A320-200 model aircraft including the A320 Airframe, the applicable Propulsion Systems, and any part, component, furnishing
or equipment installed on the A320 Aircraft on Delivery under the terms and conditions of this Agreement.


 


A321 Aircraft means an
Airbus A321-200 model aircraft including the A321 Airframe, the applicable Propulsion Systems, and any part, component, furnishing
or equipment installed on the A321 Aircraft on Delivery under the terms and conditions of this Agreement.


 


A319 Specification means
either (a) the A319 Standard Specification if no SCNs are applicable or (b) if SCNs are issued, the A319 Standard Specification
as amended by all applicable SCNs and MSCNs.


 


A319 Standard Specification
means the A319-100 standard specification ***, a copy of which has been annexed hereto in Exhibit A, with the following design
weights:


***


 


A320 Specification means either (a) the A320
Standard Specification if no SCNs are applicable or (b) if SCNs are issued, the A320 Standard Specification as amended by all applicable
SCNs and MSCNs.


 


A320 Standard Specification
means the A320-200 standard specification ***, a copy of which has been annexed hereto in Exhibit A, with the following design
weights:


***


 


A321 Specification means either (a) the A321
Standard Specification if no SCNs are applicable or (b) if SCNs are issued, the A321 Standard Specification as amended by all applicable
SCNs and MSCNs.


 


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A321 Standard Specification means
the A321-200 standard specification ***, a copy of which has been annexed hereto in Exhibit A, with the following design weights:


***


 


Affiliate means with
respect to any person or entity, any other person or entity directly or indirectly controlling, controlled by or under common control
with such person or entity.


 


AirbusWorld corresponds
to the Seller’s customer portal as further defined in Part 2 of Exhibit I.


 


Aircraft means any or all of the A319
Aircraft, A320 Aircraft and A321 Aircraft.


 


Aircraft Training Services
means any flight support services including but not limited to any and all training courses, flight training, flight assistance,
line training, line assistance and more generally all flights of any kind performed by the Seller, its agents, employees or subcontractors,
and maintenance support, maintenance training (including Practical Training), training support of any kind performed on aircraft
and provided to the Buyer pursuant to this Agreement.


 


Airframe means the Aircraft excluding the
Propulsion Systems.


 


Airframe Base Price has the meaning set out
in Clause 3.1.


 


Airframe Price Revision Formula is set out
in Part 1 of Exhibit C.


 


Aviation Authority means
when used in respect of any jurisdiction the government entity, which under the laws of such jurisdiction has control over civil
aviation or the registration, airworthiness or operation of aircraft in such jurisdiction.


 


Balance of Final Price has the meaning set
out in Clause 5.4.1.


 


Base Price means the
sum of the Airframe Base Price and the Propulsion Systems Base Price.


 


Bill of Sale has the meaning set out in Clause
9.2.2.


 


Business Day means a
day, other than a Saturday or Sunday (or a bank holiday where the obligation takes place), on which business of the kind contemplated
by this Agreement is carried on in France, in Germany and in the People’s Republic of China or, where used in relation to a payment,
which is a day on which banks are open for business in France, in Germany, in the People’s Republic of China and in New York, as
appropriate.


 


Buyer Furnished Equipment or BFE has the meaning
set out in Clause 18.1.1.


 


Certificate of Acceptance has the meaning
set out in Clause 8.3.


 


Contractual Definition Freeze or CDF has the
meaning set out in Clause 2.4.2.


 


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Customization Milestones Chart has the meaning
set out in Clause 2.4.1.


 


Declaration of Design and Performance
or DDP means the documentation provided by an equipment manufacturer guaranteeing that the corresponding equipment meets
the requirements of the Specification, the interface documentation as well as all the relevant certification requirements.


 


Delivery means the transfer
of title to the Aircraft from the Seller to the Buyer in accordance with Clause 9.


 


Delivery Date means the date on which Delivery
shall occur.


 


Delivery Location means the facilities of
the Seller at the location of final assembly of the Aircraft.


 


Excusable Delay has the meaning set out in
Clause 10.1.


 


Export Airworthiness Certificate means an
export certificate of airworthiness issued by the Aviation Authority of the Delivery Location.


 


Final Price has the meaning set out
in Clause 3.3


 


First Quarter or 1st Quarter
means the months of January, February, March


 


Fourth Quarter or 4th Quarter
means the months of October, November, December


 


General Terms and Conditions or GTC means
the General Terms and Conditions of Access to and Use of AirbusWorld set forth in Part 2 to Exhibit I.


 


Goods and Services means any goods and services
that may be purchased by the Buyer from the Seller, excluding Aircraft.


 


Gross Negligence means
any act or omission done with intent to cause damage or recklessly and with knowledge that damage would probably result.


 


Ground Training Services
means all training courses performed in classrooms (classical or Airbus CBT courses), full flight simulator sessions, fixed base
simulator sessions, field trips and any other services provided to the Buyer on the ground pursuant to this Agreement and which
are not Aircraft Training Services.


 


Irrevocable SCNs means
the list of SCNs, which are irrevocably part of the A319/A320/A321 NEO specification, as expressly set forth in Appendix 1 to Exhibit
A.


 


Manufacture Facilities
means the various manufacture facilities of the Seller, its Affiliates or any sub-contractor, where the Airframe or its parts are
manufactured or assembled.


 


Manufacturer Specification Change
Notice or MSCN has the meaning set out in Clause 2.2.2.1.


 


Material has the meaning set out in Clause
1.2 of Exhibit H.


 


NEO Aircraft means an Aircraft incorporating
the New Engine Option.


 


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New Engine Option or NEO has
the meaning set forth in Clause 2.1 hereof.


 


Non-Excusable Delay has the meaning set
out in Clause 11.1.


 


Predelivery Payment means the payment(s)
determined in accordance with Clause 5.3.


 


Predelivery Payment Reference Price has
the meaning set out in Clause 5.3.1.


 


Propulsion Systems has the meaning set
out in Clause 2.3.


 


Propulsion Systems Base Price means
the price of a set of Propulsion Systems as set out in Clause 3.2.


 


Propulsion Systems Reference Price means
the reference price of a set of Propulsion Systems as set out in Part 2 of Exhibit C.


 


Propulsion Systems Manufacturer means the
manufacturer of the Propulsion Systems as set out in Clause 2.3.


 


Propulsion Systems Price Revision Formula
is set out in Part 2 of Exhibit C.


 


Quarter means, as applicable, any or all
of the First Quarter, the Second Quarter, the Third Quarter or the Fourth Quarter


 


Ready for Delivery means the time when
the Technical Acceptance Process has been completed in accordance with Clause 8 and all technical conditions required for the issuance
of the Export Airworthiness Certificate have been satisfied.


 


Scheduled Delivery Month has the meaning
set out in Clause 9.1.


 


Scheduled Delivery Half Year  has the meaning
set out in Clause 9.1.


 


Scheduled Delivery Quarter has the meaning
set out in Clause 9.1.


 


Scheduled Delivery Period has the meaning
set out in Clause 9.1.


 


Scheduled Delivery Year has the
meaning set out in Clause 9.1.


 


Second Quarter or 2nd
Quarter means the months of April, May, June


 


Seller Furnished Equipment or SFE corresponds
to items of equipment that are identified in the Specification as being furnished by the Seller.


 


Seller Representatives means the
representatives of the Seller referred to in Clause 15.


 


Seller Representatives Services means the
services provided by the Seller to the Buyer and from the Buyer to the Seller pursuant to Clause 15.


 


Seller Service Life Policy   has
the meaning set out in Clause 12.2.


 


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Sharklets means a new
large wingtip device, currently under development by the Seller, designed to enhance the eco-efficiency and payload range performance
of the A320 family aircraft, and which are part of the New Engine Option and corresponding Irrevocable SCNs.


 


Spare Parts means the
items of equipment and material that may be provided pursuant to Exhibit H.


 


Specification Change Notice or
SCN means an agreement in writing between the parties to amend the Specification pursuant to Clause 2.


 


Specification means either
(a) the Standard Specification if no SCNs are applicable or (b) if SCNs are issued, the Standard Specification as amended by all
applicable SCNs.


 


Standard Specification
means the A319 standard specification ***; A320 standard specification document ***; and A321 standard specification ***, a copy
of which has been annexed hereto as Exhibit A.


 


Supplier has the meaning set out in Clause
12.3.1.1.


 


Supplier Part has the meaning set out in Clause
12.3.1.2.


 


Supplier Product Support Agreement has the
meaning set out in Clause 12.3.1.3.


 


SPSA Application means
the application on AirbusWorld, which provides the Buyer with access to the Supplier Product Support Agreements.


 


Technical Data has the
meaning set out in Clause 14.1.


 


Total Loss has the meaning
set out in Clause 10.4.


 


Type Certificate has
the meaning set out in Clause 7.1.


 


Warranted Part has the
meaning set out in Clause 12.1.1.


 


		0.2	Clause headings and the Index are inserted for convenience of reference only and shall be ignored
in the interpretation of this Agreement.



 


		0.3	In this Agreement unless the context otherwise requires:



 


		(a)	references to Clauses, Appendices and Exhibits are to be construed as references to the Clauses
of, and Appendices, and Exhibits to this Agreement and references to this Agreement include its Schedules, Exhibits and Appendices;



 


		(b)	words importing the plural shall include the singular and vice versa; and



 


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		(c)	references to a person shall be construed as including, without limitation, references to an individual,
firm, company, corporation, unincorporated body of persons and any state or agency of a state.



 


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		1	SALE AND PURCHASE



 


The Seller shall sell and deliver
and the Buyer shall buy and take delivery of seventy (70) A320 Family Aircraft incorporating the new engine option (“NEO
Option”) (A319-100, A320-200 and A321-200 aircraft, hereinafter individually or collectively the “NEO
Aircraft” or by type the “A319 NEO Aircraft”, the “A320 NEO Aircraft”
and/or the “A321 NEO Aircraft”), on the Delivery Date at the Delivery Location upon the terms and conditions
contained in this Agreement.


 


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		2	SPECIFICATION



 


		2.1	Aircraft Specification



 


		2.1.1	The Aircraft shall be manufactured in accordance with the Standard Specification, as may already
have been modified or varied prior to the date of this Agreement by the Specification Change Notices listed in Appendix 1 to Exhibit
A.



 


		2.1.2	New Engine Option



 


		2.1.2.1	The Seller is currently developing
                                         a new engine option (the “New Engine Option” or “NEO”),
                                         applicable to the A319/A320/A321 aircraft. The specification of the A319/A320/A321 NEO
                                         Aircraft shall be derived from the current A319/A320/A321 respective Standard Specification(s)
                                         and based on the new Propulsion Systems, as set forth in Clause 2.3 below, and Sharklets,
                                         as well as required airframe structural modifications and Aircraft systems and software
                                         adaptations required to operate such New Engine Option Aircraft. The foregoing is currently
                                         reflected in the Irrevocable SCNs listed in Appendix 1 to Exhibit A, the implementation
                                         of which is hereby irrevocably accepted by the Buyer.



 


Notwithstanding the foregoing, upon
the freeze of the technical configuration applicable to the combination of the respective A319/A320/A321 Standard Specification(s)
and the corresponding Irrevocable SCNs, the Seller shall issue respectively an A319-100N NEO Standard Specification Issue 1 (the
“A319 NEO Standard Specification”), an A320-200N NEO Standard Specification Issue 1 (the “A320
NEO Standard Specification”) and an A321-200N NEO Standard Specification Issue 1 (the “A321
NEO Standard Specification”), which shall each automatically supersede the combination of the respective A319/A320/A321
Standard Specification(s) and the corresponding Irrevocable SCNs. The A319 NEO Aircraft, the A320 NEO Aircraft and the A321 NEO
Aircraft shall be manufactured in accordance with each such Issue 1 of the A319 NEO Standard Specification, the A320 NEO Standard
Specification and the A321 NEO Standard Specification, as applicable, as may already have been modified or varied at the date
of this Agreement by the Specification Change Notices listed in Appendix 1 to Exhibit A.


 


		2.1.2.2	Neo weights



 


The New Engine Option shall
modify the design weights of the Standard Specification(s) as follows:


 


	 	 	A319-100	 	A320-200	 	A321-200
	***	 	***	 	***	 	***
	***	 	***	 	***	 	***



 


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The estimated basic Manufacturer’s Weight Empty (MWE)
of the Standard Specification(s) § 13-10.01.00 shall be modified as follows:


 


	Propulsion System 
 as per Clause 2.3	 	A319-100	 	A320-200	 	A321-200
	***	 	***	 	***	 	***
	***	 	***	 	***	 	***



 


It is agreed and understood that the
above design weights may be updated upon final NEO specification freeze, meaning the freeze of the technical configuration applicable
to the combination of the respective Standard Specification(s) and the Irrevocable SCNs.


 


		2.2	Specification Amendment



 


The parties understand and agree that
the Specification may be further amended following signature of this Agreement in accordance with the terms of this Clause 2.


 


		2.2.1	Specification Change Notice



 


The Specification may be amended by
written agreement between the parties in a Specification Change Notice (“SCN”). Each SCN shall be substantially
in the form set out in Exhibit B1 and shall set out the SCN’s Aircraft embodiment rank and shall also set forth, in detail,
the particular change to be made to the Specification and the effect. if any, of such change on design, performance, weight, Delivery
Date of the Aircraft affected thereby and on the text of the Specification. An SCN may result in an adjustment of the Aircraft
Base Price, which adjustment, if any, shall be specified in the SCN, executed by the Buyer and the Seller.


 


		2.2.2	Development Changes



 


The Specification may also be amended
to incorporate changes deemed necessary by the Seller to improve the Aircraft, prevent delay or ensure compliance with this Agreement
(“Development Changes”), as set forth in this Clause 2.


 


		2.2.2.1	Manufacturer Specification Changes Notices



 


		2.2.2.1.1	The Specification may be amended
                                         by the Seller through a Manufacturer Specification Change Notice (“MSCN”),
                                         which shall be substantially in the form set out in Exhibit B2 hereto, or by such other
                                         written means as may be deemed appropriate, and shall set out the MSCN’s Aircraft
                                         embodiment rank as well as, in detail, the particular change to be made to the Specification
                                         and the effect, if any, of such change on performance, weight, Aircraft Base Price, Delivery
                                         Date of the Aircraft affected thereby and interchangeability or replaceability requirements
                                         under the Specification.



 


		2.2.2.1.2	Except when the MSCN is necessitated by an Aviation Authority directive or by equipment obsolescence,
in which case the MSCN shall be accomplished without requiring the Buyer’s consent, if the MSCN adversely affects the performance,
weight, Base Price, Delivery Date of the Aircraft affected thereby or the interchangeability or replaceability requirements under
the Specification, the Seller shall notify the Buyer of a reasonable period of time during which the Buyer must accept or reject such MSCN. If the Buyer does not notify the Seller of the rejection of the MSCN within such period, the MSCN shall be deemed accepted by the Buyer and the corresponding modification shall be accomplished.

 



 


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		2.2.2.2	In the event of the Seller revising the Specification to incorporate Development Changes which
have no adverse effect on any of the elements as set forth in 2.2.2.1 above, such revision shall be performed by the Seller without
the Buyer’s consent.



 


In such cases, the Buyer shall have
access to the details of such changes through the relevant application in AirbusWorld.


 


		2.2.2.3	The Seller is considering turning certain items, which are currently BFE in the Specification,
into SFE and the parties agree that such BFE items shall be excluded from the provisions of Clauses 2.2.2.1.2 and 2.2.2.2 above
and, should they become SFE, shall furthermore be chargeable to the Buyer. In the event that the Seller proposes such a modification
to the Specification then it’s applicability to an Aircraft shall be in writing through an MSCN executed by the Buyer and the Seller.



 


		2.3	Propulsion Systems



 


		2.3.1	The Airframe shall be equipped with
                                         a set of either two (2) CFM LEAP engines or two (2) Pratt & Whitney PW1100G-JM engines,
                                         upon selection referred to respectively as the “Propulsion Systems”.



 


	 	 	CFM	 	Pratt and Whitney
	A319-100 NEO	 	***	 	***
	A320-200 NEO	 	***	 	***
	A321-200 NEO	 	***	 	***



 


* AET means Airbus Equivalent Thrust


 


It is agreed and understood that the thrust ratings may
be updated upon final NEO specification freeze.


 


		2.3.3	*** by signature of a Specification Change Notice. If the Buyer does not select its Propulsion
Systems type as agreed herein, and/or the selected engines are not available at the time when the Seller receives the notification
from the Buyer, in addition to its other rights, the Seller
shall have the right to defer the Scheduled Delivery Months of any or all of the NEO Aircraft.



 


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		2.4	Milestones



 


		2.4.1	Customization Milestones Chart



 


Within a reasonable period following
signature of the Agreement, the Seller shall provide the Buyer with a customization milestones chart (the “Customization
Milestone Chart”), setting out how far in advance of the Scheduled Delivery Month of the Aircraft an SCN must
be executed in order to integrate into the Specification any items requested by the Buyer from the Seller’s catalogues of
Specification change options (the “Option Catalogues”).


 


		2.4.2	Contractual Definition Freeze



 


The Customization Milestone Chart
shall in particular define the date(s) by which the contractual definition of the Aircraft must be finalized and all SCNs need
to have been executed by the Buyer (the “Contractual Definition Freeze” or “CDF”)
in order to enable their incorporation into the manufacturing of the Aircraft and Delivery of the Aircraft in the Scheduled Delivery
Month. Each such date shall be referred to as a “CDF Date”.


 


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		3	PRICES



 


		3.1	Airframe Base Price



 


		3.1.1	The Airframe Base Price is the sum of:



 


		(i)	the base price of the Airframe as defined in the Standard Specification (excluding Buyer Furnished Equipment), including nacelles
and thrust reversers, which is:



 


***


 


***


 


***


 


		(ii)	the base price of the New Engine Option (excluding Sharklets), which is:



 


***


 


***


 


***


 


		(iii)	the base price of the Sharklets, which is:



 


***


  


		(iv)	the sum of the base prices of all additional SCNs set forth in Appendix 1 to Exhibit “A”,
which is:



 


***


 


***


 


***


 


		(v)	the base price of the master charge, which is applicable if a CFM LEAP Propulsion System is selected,
which is:



 


***


 


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		3.1.2	The Airframe Base Price has been established
                                         *** (the “Base Period”).



 


		3.1.3	It is hereby agreed and understood between the parties that, upon issuance of the respective Issue
1.0 of the A319 NEO Standard Specification, the A320 NEO Standard Specification and the A321 NEO Standard Specification, the Airframe
Base Price reflecting the Airframe as defined in each such Standard Specification shall correspond to the sum of (i), (ii) and
(iii) as set forth in Clause 3.1.1 above.



 


		3.2	Propulsion Systems Base Price



 


		3.2.1	The base price of a set of two (2) CFM INTERNATIONAL
Engines CFM LEAP are:



 


	***	***	***
	***	***	***
	***	***	***


 


		3.2.2	The base price of a set of two (2) Pratt & Whitney
PW1100G-JM engines are:



 


	***	***	***
	***	***	***
	***	***	***


 


		3.2.3	The Propulsion Systems Base Price has been established *** and has been calculated from the Propulsion
Systems Reference Price, as set forth in Part 2 of Exhibit C to the Agreement.



 


Notwithstanding the foregoing, the
Propulsion Systems Reference Prices correspond to the thrust ratings defined for the respective Propulsion Systems in Clause 2.3
and may be revised to reflect thrust rating adjustments upon final NEO Aircraft specification freeze.


 


		3.3	Final Price



 


The Final Price of each Aircraft shall be the sum of:


 


***


 


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***


 


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		4	PRICE REVISION



 


		4.1	***



 


***


 


		4.2	***






 


		***	***



 


	 	4.2.2	Modification
                                         of Propulsion Systems Reference Price, Propulsion Systems Price Revision Formula and
                                         Propulsion Systems Designations

                                                                                 

                                                                                The Propulsion Systems Reference Price, the prices of the related equipment, the Propulsion Systems designation(s) and the Propulsion Systems Price Revision Formula are based on information received from the Propulsions Systems Manufacturer and are subject to amendment by the Propulsion Systems Manufacturer at any time prior to the Delivery Date. If the Propulsion Systems Manufacturer makes any such amendment, the amendment shall be automatically incorporated into this Agreement and the Propulsion Systems Reference Price, the prices of the related equipment, the Propulsion Systems designation(s) and/or the Propulsion Systems Price Revision Formula shall be adjusted accordingly. The Seller agrees to notify the Buyer as soon as it receives notice of any such amendment from the Propulsion Systems Manufacturer.




 


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		5	PAYMENTS



 


		5.1	Seller’s Account



 


The Buyer shall pay the Predelivery Payments, the Balance
of Final Price and/or any other amount due by the Buyer to the Seller, to the Seller’s account:


 


***


 


***


 


***


 


or to such other account as may be designated by the Seller.


 


		5.2	Intentionally left blank



 


		5.3	***



 


		***	***



 


***


 


***


 


	***	:	***
	 	 	 
	***	:	***
	 	 	 
	***	:	***
	 	 	 
	***	:	***


 


		***	***



 


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	***	***


 


	***	***
	 	 
	***	***


 


***


 


	***	***


 


***


 


		***	***



 


		***	***



 


		***	***



 


***


 


		***	***



 


		***	***



 


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***


 


***


 


		***	***



 


		***	***



 


		***	***



 


		***	***



 


		5.5	Other Charges



 


Unless expressly stipulated otherwise,
any other charges due under this Agreement other than those set out in Clauses 5.2, 5.3 and 5.4 shall be paid by the Buyer at the
same time as payment of the Balance of Final Price or, if invoiced after the Delivery Date, within ten (10) days after the invoice
date.


 


		5.6	Method of Payment



 


		5.6.1	All payments provided for in this Agreement shall be made in United States Dollars (USD) in immediately
available funds.



 


		5.6.2	***



 


		5.7	***



 


***


 


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***


 


		5.8	***



 


		5.8.1	***



 


		***	***



 


		***	***



 


		5.9	***



 


***


 


		5.10	***



 


***


 


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		5.11	***



 


		5.11.1	***



 


		***	***



 


		***	***



 


***


 


		5.11.2	***



 


***


 


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		6	MANUFACTURE PROCEDURE – INSPECTION



 


		6.1	Manufacture Procedure



 


The Airframe shall be manufactured
in accordance with the relevant requirements of the laws of the jurisdiction of incorporation of the Seller or of its relevant
Affiliate as enforced by the Aviation Authority of such jurisdiction.


 


		6.2	Inspection



 


		6.2.1	Subject to providing the Seller with
                                         certificates evidencing compliance with the insurance requirements set forth in Clause
                                         19, the Buyer or its duly authorised representatives (the “Buyer’s Inspector(s)”)
                                         shall be entitled to inspect the manufacture of the Airframe and all materials and parts
                                         obtained by the Seller for the manufacture of the Airframe on the following terms and
                                         conditions;



 


		***	***



 


		***	***



 


		***	***



 


		***	***



 


		6.2.2	Location of Inspections



 


The Buyer’s Inspector(s) shall be entitled
to conduct any such inspection at the relevant Manufacture Facility of the Seller or the Affiliates and where possible at the Manufacture
Facilities of the sub-contractors provided that if access to any part of the Manufacture Facilities where the Airframe manufacture
is in progress or materials or parts are stored are restricted for security or confidentiality reasons, the Seller shall be allowed
reasonable time to make the relevant items available elsewhere.


 


		6.3	Seller’s Service for Buyer’s Inspector(s)



 


***


 


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		7	CERTIFICATION



 


		7.1	Type Certification



 


The
Aircraft shall have been type certificated under European Aviation Safety Agency (EASA) procedures for certification in the transport
category. The Seller shall obtain the relevant type certificate (the “Type Certificate”) to allow the
issuance of the Export Airworthiness Certificate


 


		7.2	Export Airworthiness Certificate



 


		7.2.1	The Aircraft shall be delivered to the Buyer with an
Export Airworthiness Certificate.



 


		7.2.2	If, any time before the date on which
                                         the Aircraft is Ready for Delivery, any law or regulation is enacted, promulgated, becomes
                                         effective and/or an interpretation of any law or regulation is issued which requires
                                         any change to the Specification for the purposes of obtaining the Export Airworthiness
                                         Certificate (a “Change in Law”), the Seller shall make the
                                         required variation or modification and the parties hereto shall sign a Specification
                                         Change Notice, or MSCN as applicable, which specifies the effects, if any, upon the guaranteed
                                         performances, weights, interchangeability, time of Delivery, price of the Aircraft and
                                         text of the Specification.



 


		7.2.3	The Seller shall as far as practicable (but at its sole discretion and without prejudice to Clause
7.3.1 (ii)) take into account the information available to it concerning any proposed law, regulation or interpretation which could
become a Change in Law in order to minimise the costs of changes to the Specification as a result of such proposed law, regulation
or interpretation becoming effective prior to the Aircraft being Ready for Delivery.



 


		7.3	Costs of Specification Changes for Certification



 


		7.3.1	The costs of implementing the variation or modification referred to in Clause 7.2.2 above shall
be



 


		***	***



 


		***	***



 


		7.3.2	Notwithstanding the provisions of sub-Clauses 7.3.1 (i) and (ii), if the Change in Law relates
to the Propulsion Systems, the costs shall be borne in accordance with such arrangements as may be made separately between the
Buyer and the Propulsion Systems Manufacturer.



 


		7.4	Validation of Export Airworthiness Certificate



 


		***	***






 


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		***	***



 


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		8	TECHNICAL
ACCEPTANCE



 


		8.1	Technical
Acceptance Process



 


		8.1.1	Prior to Delivery the Aircraft shall
                                         undergo a technical acceptance process, proposed by the Seller (the “Technical
                                         Acceptance Process”). Completion of the Technical Acceptance Process shall demonstrate
                                         the satisfactory functioning of the Aircraft and shall be deemed to demonstrate compliance
                                         with the Specification. Should it be established that the Aircraft does not comply with
                                         the Technical Acceptance Process requirements, the Seller shall without hindrance from
                                         the Buyer be entitled to carry out any necessary changes and, as soon as practicable
                                         thereafter, resubmit the Aircraft to such further Technical Acceptance Process as is
                                         necessary to demonstrate the elimination of the non-compliance.



 


		8.1.2	The Technical Acceptance Process shall:



 


		***	***



 


		***	***



 


		***	***



 


		***	***



 


		8.2	Buyer’s Attendance



 





	8.2.1	The Buyer shall be entitled to attend the Technical Acceptance Process and notification of the start of such Technical Acceptance Process shall be done in accordance with Clause 9.1.3.










 


		8.2.2	If the Buyer elects to attend the Technical Acceptance
Process, the Buyer:



 





		***	***


 


		***	***



 


		8.2.3	***



 


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		8.3	Certificate of Acceptance



 


Following completion of the Technical
Acceptance Process, the Buyer shall sign and deliver to the Seller, in accordance with Clause 9.2.1, a certificate of acceptance
in respect of the Aircraft in the form of Exhibit D (the “Certificate of Acceptance”).


 


		8.4	Aircraft Utilisation



 


The Seller shall, without payment
or other liability, be entitled to use the Aircraft prior to Delivery as may be necessary to obtain the certificates required under
Clause 7, and such use shall not prejudice the Buyer’s obligation to accept Delivery of the Aircraft hereunder.


 


***


 


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		9	DELIVERY



 


		9.1	Delivery Schedule



 





	9.1.1	Subject to Clauses 2, 7, 8, 10 and 18, the Seller shall have the NEO Aircraft Ready for Delivery at the Delivery Location within the following months:




 








	 	Aircraft Number	 	Aircraft Type	 	Scheduled Delivery Period
	 	Aircraft N° 1	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	 	 	 	 	 
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	 	 	 	 	 
	 	***	 	***	 	***
	 	***	 	***	 	***



 


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	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	***	 	***	 	***
	 	Aircraft N° 70	 	***	 	***



 


		9.1.2	Each time period set out in Clause
                                         9.1.1 above shall be, with respect to the corresponding NEO Aircraft, the “Scheduled
                                         Delivery Month” or “Scheduled Delivery Quarter”,
                                         and the “Scheduled Delivery Period”.



 


The Seller shall advise the Buyer of
the Scheduled Delivery Month of the corresponding NEO Aircraft ***


 


***


 


		9.1.3	The Seller shall give the Buyer *** date on which the Aircraft shall be Ready for Delivery. Thereafter
the Seller shall notify the Buyer of any change in such date necessitated by the conditions of manufacture or flight.



 


		9.2	Delivery



 


		9.2.1	The Buyer shall, *** *** to take Delivery of, and collect, the Aircraft.



 


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*** to take Delivery of, and collect,
the Aircraft.


 


		9.2.2	The Seller shall deliver and transfer title to the Aircraft free and clear of all encumbrances
to the Buyer provided that the Balance of the Final Price has been paid by the Buyer pursuant to Clause 5.4 and that the Certificate
of Acceptance has been signed and delivered to the Seller pursuant to Clause 8.3. The Seller shall provide the Buyer with a bill
of sale in the form of Exhibit E (the “Bill of Sale”) and/or such other documentation confirming transfer of title and
receipt of the Final Price as may reasonably be requested by the Buyer. Title to, property in and risk of loss of or damage to
the Aircraft shall be transferred to the Buyer on Delivery.



 


		9.2.3.1	Should the Buyer fail, within the period specified in
Clause 9.2.1, to:



 


		(i)	deliver the signed Certificate of Acceptance to the Seller ; or



 


		(ii)	pay the Balance of the Final Price for the Aircraft to the Seller and take Delivery of the Aircraft;



 


then the Buyer shall be deemed to have
rejected delivery of the Aircraft without warrant when duly tendered to it hereunder. ***


 


		9.2.3.2	Should the Buyer fail to collect the Aircraft as mentioned in Clause 9.2.1 above and without prejudice
to the Seller’s other rights under this Agreement or at law, the provisions of Clause 9.2.3.1 (b) shall apply.



 


		9.3	Fly Away



 


		9.3.1	The Buyer and the Seller shall co-operate to obtain any licenses, which may be required by the
Aviation Authority of the Delivery Location for the purpose of exporting the Aircraft.



 


		9.3.2	***



 


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		10	EXCUSABLE DELAY



 


		10.1	The Buyer acknowledges that the
                                         Aircraft are to be manufactured by Seller in performance of this Agreement and that the
                                         Scheduled Delivery Months are based on the assumption that there shall be no delay due
                                         to causes beyond the control of the Seller. *** Any delay or interruption resulting from
                                         any of the foregoing causes is referred to as an “Excusable Delay”.



 


		10.2	If an Excusable Delay occurs:



 


		(i)	the Seller shall notify the Buyer of such Excusable Delay as soon as practicable after becoming
aware of the same;



 


		(ii)	***



 


		(iii)	***



 


		(iv)	the Seller shall as soon as practicable after the removal of the cause of the delay resume performance
of its obligations under this Agreement and in particular shall notify to the Buyer the revised Scheduled Delivery Month.



 


		10.3	Termination on Excusable Delay



 


		10.3.1	If the Delivery of any Aircraft is delayed as a result of an Excusable Delay for a period of ***
after the last day of the Scheduled Delivery Month then either party may terminate this Agreement with respect to the Aircraft
so affected by giving written notice to the other party *** after the expiry of *** provided that the Buyer shall not be entitled
to terminate this Agreement pursuant to this Clause if the Excusable Delay results from a cause within its control.



 


		10.3.2	If the Seller concludes that the Delivery of any Aircraft shall be delayed for more than *** after
the last day of the Scheduled Delivery Month due to an Excusable Delay and as a result thereof reschedules Delivery of such Aircraft
to a date or month reflecting such delay then the Seller shall promptly notify the Buyer in writing to this effect and shall include
in such notification the new Scheduled Delivery Month. Either party may thereupon terminate this Agreement with respect to such
Aircraft by giving written notice to the other party *** after receipt by the Buyer of the notice of anticipated delay.



 


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		10.3.3	If this Agreement shall not have been terminated with respect to the delayed Aircraft *** referred
to in either Clause 10.3.1 or 10.3.2 above, then the Seller shall be entitled to reschedule Delivery and the new Scheduled Delivery
Month shall be notified to the Buyer and shall be binding on the parties.



 


		10.4	Total Loss, Destruction or Damage



 


If
prior to Delivery, any Aircraft is lost, destroyed or in the reasonable opinion of the Seller is damaged beyond repair (“Total
Loss”), the Seller shall notify the Buyer to this effect ***. The Seller shall include in said notification (or as soon
after the issue of the notice as such information becomes available to the Seller) the earliest date consistent with the Seller’s
other commitments and production capabilities that an aircraft to replace the Aircraft may be delivered to the Buyer and the Scheduled
Delivery Month shall be extended as specified in the Seller’s notice to accommodate the delivery of the replacement aircraft;
***


 


		(i)	the Buyer notifies the Seller within one (1) month of the date of receipt of the Seller’s notice
that it desires the Seller to provide a replacement aircraft during the month quoted in the Seller’s notice; and



 


		(ii)	the parties execute an amendment to this Agreement recording the variation in the Scheduled Delivery
Month;



 


provided, however, that nothing herein
shall require the Seller to manufacture and deliver a replacement aircraft if such manufacture would require the reactivation of
its production line for the model or series of aircraft which includes the Aircraft purchased hereunder.


 


		10.5	Termination Rights Exclusive



 


In the event that this Agreement shall
be terminated as provided for under the terms of Clauses 10.3 or 10.4, such termination shall discharge all obligations and liabilities
of the parties hereunder with respect to such affected Aircraft and undelivered material, services, data or other items applicable
thereto and to be furnished hereunder and neither party shall have any claim against the other for any loss resulting from such
non-delivery. The Seller shall in no circumstances have any liability whatsoever for Excusable Delay other than as set forth in
this Clause 10.


 


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		11	NON-EXCUSABLE DELAY



 


		11.1	Liquidated Damages



 


***


 


		11.2	Re-negotiation



 


***


 


		11.3	Termination



 


***


 


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		11.4	Limitation of Damages



 


The Buyer and the Seller agree that
payment by the Seller of the amounts due pursuant to Clause 11.1 shall be considered to be liquidated damages and have been calculated
to compensate the Buyer for its entire damages for all losses of any kind due to Non-Excusable Delay. The Seller shall not in any
circumstances have any liability whatsoever for Non-Excusable Delay other than as set forth in this Clause 11.


 


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		12	WARRANTIES AND SERVICE LIFE POLICY



 


This Clause covers the terms and conditions of the warranty
and service life policy.


 


		12.1	Standard Warranty



 


		12.1.1	Nature of Warranty



 


For
the purpose of this Agreement the term “Warranted Part” shall mean any Seller proprietary component,
equipment, accessory or part, which is installed on an Aircraft at Delivery thereof and


 


		(a)	which is manufactured to the detailed design of the Seller or a subcontractor of the Seller and



 


		(b)	which bears a part number of the Seller at the time of such Delivery.



 


Subject to the conditions and limitations
as hereinafter provided for and except as provided for in Clause 12.1.2, the Seller warrants to the Buyer that each Aircraft and
each Warranted Part shall at Delivery to the Buyer be free from defects:


 


		(i)	in material;



 


		(ii)	in workmanship, including without limitation processes of manufacture;



 


		(iii)	in design (including without limitation the selection of materials) having regard to the state
of the art at the date of such design; and



 


		(iv)	arising from failure to conform to the Specification, except to those portions of the Specification
relating to performance or where it is expressly stated that they are estimates, approximations or design aims.



 


		12.1.2	Exclusions



 


The warranties set forth in Clause
12.1.1 shall not apply to Buyer Furnished Equipment, nor to the Propulsion Systems, nor to any component, equipment, accessory
or part installed on the Aircraft at Delivery that is not a Warranted Part except that:


 


		(i)	any defect in the Seller’s workmanship in respect of the installation of such items in the Aircraft,
including any failure by the Seller to conform to the installation instructions of the manufacturers of such items, that invalidates
any applicable warranty from such manufacturers, shall constitute a defect in workmanship for the purpose of this Clause 12.1 and
be covered by the warranty set forth in Clause 12.1.1 (ii); and



 


		(ii)	any defect inherent in the Seller’s design of the installation, in consideration of the state of
the art at the date of such design, which impairs the use of such items, shall constitute a defect in design for the purpose of
this Clause 12.1 and be covered by the warranty set forth in Clause 12.1.1 (iii).



 


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		12.1.3	Warranty Period



 


The
warranties set forth in Clauses 12.1.1 and 12.1.2 shall be limited to those defects *** (the “Warranty Period”)


 


		12.1.4	Buyer’s Remedy and Seller’s Obligation



 


		12.1.4.1	The Buyer’s remedy and the Seller’s obligation and liability under Clauses 12.1.1 and 12.1.2 are
limited to, ***



 


***


 


		12.1.4.2	In the event of a defect covered by Clauses 12.1.1 (iii), 12.1.1 (iv) and 12.1.2 (ii) becoming
apparent within the Warranty Period, the Seller shall also, if so requested by the Buyer in writing, correct such defect in any
Aircraft which has not yet been delivered to the Buyer, ***



 


		***	***



 


		***	***



 


		12.1.4.3	Cost of inspection



 


In addition to the remedies set forth
in Clauses 12.1.4.1 and 12.1.4.2, the Seller shall reimburse *** incurred by the Buyer in performing inspections of the Aircraft
***


 


		***	***


 


		***	***



 


		***	***



 


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		***	***



 


		12.1.5	Warranty Claim Requirements



 


The
Buyer’s remedy and the Seller’s obligation and liability under this Clause 12.1, with respect to any warranty claim
submitted by the Buyer (each a “Warranty Claim”) are subject to the following conditions:


 


		(i)	the defect having become apparent within the Warranty Period;



 


		(ii)	the Buyer having filed a warranty claim *** discovering the defect;



 


		(iii)	the Buyer having submitted to the Seller evidence *** that the claimed defect
is due to a matter embraced within this Clause 12.1 and that such defect has not resulted from any act or omission of the Buyer,
***



 


		(iv)	the Seller having received a Warranty Claim complying with the provisions
of Clause 12.1.6 below.



 


		12.1.6	Warranty Administration



 


The warranties set forth in Clause
12.1 shall be administered as hereinafter provided for:


 


		12.1.6.1	Claim Determination



 


Determination as to whether any claimed
defect in any Warranted Part is a valid Warranty Claim shall be made by the Seller and shall be based upon the claim details, reports
from the Seller’s Representatives, historical data logs, inspections, tests, findings during repair, defect analysis and other
relevant documents.


 


		12.1.6.2	Transportation Costs



 


***


 


		12.1.6.3	Return of an Aircraft



 


If the Buyer and the Seller mutually
agree, prior to such return, that it is necessary to return an Aircraft to the Seller for consideration of a Warranty Claim, ***


 


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		12.1.6.4	On Aircraft Work by the Seller



 


If the Seller determines that a defect
subject to this Clause 12.1 justifies the dispatch by the Seller of a working team to repair or correct such defect through the
embodiment of one or several Seller’s Service Bulletins at the Buyer’s facilities, or if the Seller accepts the return of an Aircraft
to perform or have performed such repair or correction, then ***


 


The condition which has to be fulfilled
for on-Aircraft work by the Seller is that, in the opinion of the Seller, the work necessitates the technical expertise of the
Seller as manufacturer of the Aircraft.


 


If said condition is fulfilled and
if the Seller is requested to perform the work, the Seller and the Buyer shall agree on a schedule and place for the work to be
performed.


 


		12.1.6.5	Warranty Claim Substantiation



 


Each Warranty Claim filed by the
Buyer under this Clause 12.1 shall contain at least the following data:


 


		(a)	description of defect and action taken. if any,



		(b)	date of incident and/or removal date,



		(c)	description of Warranted Part claimed to be defective,



		(d)	part number,



		(e)	serial number (if applicable),



		(f)	position on Aircraft,



		(g)	total flying hours or calendar time, as applicable, at the date of defect
appearance,



		(h)	time since last shop visit at the date of defect appearance,



		(i)	Manufacturer Serial Number of the Aircraft and/or its registration,



		(j)	Aircraft total flying hours and/or number of landings at the date of defect
appearance,



		(k)	Warranty Claim number,






		(I)	date of Warranty Claim,






		(m)	Delivery Date of Aircraft or Warranted Part to the Buyer,



 


Warranty Claims are to be addressed as follows:


 


AIRBUS


CUSTOMER SERVICES DIRECTORATE


WARRANTY ADMINISTRATION


Rond Point Maurice Bellonte


B.P. 33


F 31707 BLAGNAC CEDEX


FRANCE


 


		12.1.6.6	Replacements



 


Title to and risk of loss of any Aircraft,
component, accessory, equipment or part returned by the Buyer to the Seller shall at all times remain with the Buyer, except that:


 


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		***	***



 


		***	***



 


Upon the Seller’s shipment to the Buyer
of any replacement component, accessory, equipment or part provided by the Seller pursuant to this Clause 12.1, title to and risk
of loss of such replacement component, accessory, equipment or part shall pass to the Buyer.


 


		12.1.6.7	Rejection



 


The Seller shall provide reasonable
written substantiation in case of rejection of a Warranty Claim. In such event the Buyer shall refund to the Seller reasonable
inspection and test charges incurred in connection therewith.


 


		12.1.6.8	Inspection



 


The Seller shall have the right to
inspect the affected Aircraft, documents and other records relating thereto in the event of any Warranty Claim under this Clause
12.1.


 


		12.1.7	Inhouse Warranty



 


		12.1.7.1	Seller’s Authorization



 


The
Seller hereby authorizes the Buyer to repair Warranted Parts (“Inhouse Warranty”) subject to the terms of this
Clause 12.1.7.


 


		12.1.7.2	Conditions for Seller’s Authorization



 


The Buyer shall be entitled to repair such Warranted Parts:


 


		-	provided the Buyer notifies the Seller Representative
of its intention to perform Inhouse Warranty repairs before any such repairs are started where the estimated cost of such repair
is ***. The Buyer’s notification shall include sufficient detail regarding the defect, estimated labor hours and material
to allow the Seller to ascertain the reasonableness of the estimate. The Seller agrees to use all reasonable efforts to ensure
a prompt response and shall not unreasonably withhold authorization;



 


		-	provided adequate facilities and qualified personnel
are available to the Buyer;



 


		-	provided repairs are performed in accordance with the
Seller’s Technical Data or written instructions; and



 


		-	only to the extent specified by the Seller, or, in the
absence of such specification, to the extent reasonably necessary to correct the defect, in accordance with the standards set
forth in Clause 12.1.10.



 


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		12.1.7.3	Seller’s Rights



 


The Seller shall have the right to
require the return of any Warranted Part, or any part removed therefrom, which is claimed to be defective if, in the judgment of
the Seller, the nature of the claimed defect requires technical investigation. Such return shall be subject to the provisions of
Clause 12.1.6.2. Furthermore, the Seller shall have the right to have a Seller Representative present during the disassembly, inspection
and testing of any Warranted Part claimed to be defective, subject to such presence being practical and not unduly delaying the
repair.


 


		12.1.7.4	Inhouse Warranty Claim Substantiation



 


Claims for Inhouse Warranty credit
shall be filed within the time period set forth in 12.1.5 (ii) and shall contain the same information as that required for Warranty
Claims under Clause 12.1.6.5 and in addition shall include:


 


		(a)	a report of technical findings with respect to the defect,



 


		(b)	for parts required to remedy the defect:



- part numbers,


- serial numbers (if applicable),


- parts description,


- quantity of parts,


- unit price of parts,


- related Seller’s or third party’s invoices (if applicable),


- total price of parts,


 


		(c)	detailed number of labor hours,



 


		(d)	Inhouse Warranty Labor Rate,



 


		(e)	total claim value.



 


		12.1.7.5	Credit



 


The Buyer’s sole remedy and the Seller’s
sole obligation and liability with respect to Inhouse Warranty Claims shall be the credit to the Buyer’s account of an amount equal
to the mutually agreed direct labor costs expended in performing the repair of a Warranted Part and to the direct costs of materials
incorporated in said repair, determined as set forth below:


 


		(a)	to determine direct labor costs, only manhours spent on *** shall be counted. Any manhours
                                                             required *** shall not be                                                              included.



 


		(b)	The manhours counted as set forth
                                         above shall be multiplied by an agreed labor rate of *** in *** (“Inhouse Warranty
                                         Labour Rate”), which is deemed to represent the Buyer’s composite labor rate
                                         meaning the average hourly rate (excluding all fringe benefits, premium time allowances.
                                         social security charges, business taxes and the like) paid to the Buyer’s employees whose
                                         jobs are directly related to the performance of the repair.



 


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***


 


		(c)	Direct material costs are determined by the prices at which the Buyer acquired such material, excluding
any parts and materials used for overhaul and as may be furnished by the Seller at no charge.



 


		12.1.7.6	Limitation



 


The Buyer shall in no event be credited
for repair costs (including labor and material) for any Warranted Part in excess of *** of the Seller’s current catalogue price
for a replacement of such defective Warranted Part.


 


		12.1.7.7	Scrapped Material



 


The
Buyer shall retain any defective Warranted Part beyond economic repair and any defective part removed from a Warranted Part
during repair for a period of *** Such parts shall be returned to the Seller *** receipt of the Seller’s request to
that effect.


 


Notwithstanding the foregoing, the
Buyer may scrap any such defective parts, which are beyond economic repair and not required for technical evaluation locally, with
the agreement of the Seller Representative(s).


 


Scrapped Warranted Parts shall be evidenced
by a record of scrapped material certified by an authorized representative of the Buyer and shall be kept in the Buyer’s file for
a least the duration of the applicable Warranty Period.


 


		12.1.8	Standard Warranty in case of Pooling or Leasing Arrangements



 


Without prejudice to Clause 21.1, the
warranties provided for in this Clause 12.1 for any Warranted Part shall accrue to the benefit of any airline in revenue service,
other than the Buyer, if the Warranted Part enters into the possession of any such airline as a result of a pooling or leasing
agreement between such airline and the Buyer, in accordance with the terms and subject to the limitations and exclusions of the
foregoing warranties and to the extent permitted by any applicable law or regulations.


 


		12.1.9	Warranty for Corrected, Replaced or Repaired Warranted
Parts



 


Whenever any Warranted Part, which
contains a defect for which the Seller is liable under Clause 12.1, has been corrected, replaced or repaired pursuant to the terms
of this Clause 12.1, the period of the Seller’s warranty with respect to such corrected, repaired or replacement Warranted Part,
whichever the case may be, shall be ***.


 


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If a defect is attributable to a defective
repair or replacement by the Buyer, a Warranty Claim with respect to such defect shall be rejected, notwithstanding any subsequent
correction or repair, and shall immediately terminate the remaining warranties under this Clause 12.1 in respect of the
affected Warranted Part.


 


		12.1.10	Accepted Industry
                                         Standard Practices Normal Wear and Tear



 


The Buyer’s rights under this Clause
12.1 are subject to the Aircraft and each component, equipment, accessory and part thereof being maintained, overhauled, repaired
and operated in accordance with accepted industry standard practices, all Technical Data and any other instructions issued by the
Seller, the Suppliers and the Propulsion Systems Manufacturer and all applicable rules, regulations and directives of the relevant
Aviation Authorities.


 


The Seller’s liability under this Clause
12.1 shall not extend to normal wear and tear nor to:


 


		(i)	any Aircraft or component, equipment, accessory or part thereof, which has been repaired, altered
or modified after Delivery, except by the Seller or in a manner approved by the Seller;



 


		(ii)	any Aircraft or component, equipment, accessory or part thereof, which has been operated in a damaged
state;



 


		(iii)	any component, equipment, accessory and part from which the trademark, name, part or serial number
or other identification marks have been removed.



 


		12.1.11	Limitation of liability



 


***


 


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		12.2	Seller Service Life Policy



 


		12.2.1	In addition to the warranties set forth in Clause 12.1, the Seller further agrees that should a
Failure occur in any Item (as these terms are defined herebelow) that has not suffered from an extrinsic force, then, subject to
the general conditions and limitations set forth in Clause 12.2.4, the provisions of this Clause 12.2 shall apply.



 


For the purposes of this Clause 12.2:


 


		(i)	“Item” means any item listed
                                         in Exhibit “F”;



 


		(ii)	“Failure” means a breakage or defect that can reasonably be expected to occur
on a fleetwide basis and which materially impairs the utility of the Item.



 


		12.2.2	Periods and Seller’s Undertakings



 


The
Seller agrees that if a Failure occurs in an Item before the Aircraft in which such Item was originally installed
has completed *** or *** the Seller shall, at its discretion and as promptly as practicable and with the Seller’s
financial participation as hereinafter provided, either :


 


- design and
furnish to the Buyer a correction for such Item with a Failure and provide any parts required for such correction (including Seller
designed standard parts but excluding industry standard parts), or


 


- replace such Item.


 


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		12.2.3	Seller’s Participation in the Costs



 


Subject to the general conditions
and limitations set forth in Clause 12.2.4, any part or Item that the Seller is required to furnish to the Buyer under this Service
Life Policy in connection with the correction or replacement of an Item shall be furnished to the Buyer at the Seller’s then current
sales price therefore, less the Seller’s financial participation determined in accordance with the following formula:


  


***


 


***


 


		***	***



 


		***	***



 


		***	***



 


		***	***



 


		***	***



 


***


 


***


 


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		12.2.4	General Conditions and Limitations



 


		12.2.4.1	The undertakings set forth in this Clause 12.2 shall be valid after the period of the Seller’s
warranty applicable to an Item under Clause 12.1.



 


		12.2.4.2	The Buyer’s remedies and the Seller’s obligations and liabilities under this Service Life Policy
are subject to the prior compliance by the Buyer with the following conditions:



 


		(i)	the Buyer shall maintain log books and other historical records with respect to each Item, adequate
to enable the Seller to determine whether the alleged Failure is covered by this Service Life Policy and, if so, to define the
portion of the costs to be borne by the Seller in accordance with Clause 12.2.3;



 


		(ii)	the Buyer shall keep the Seller informed of any significant incidents relating to an Aircraft,
howsoever occurring or recorded;



 


		(iii)	the Buyer shall comply with the conditions of Clause 12.1.10;



 


		(iv)	the Buyer shall implement specific structural inspection programs for monitoring purposes as may
be established from time to time by the Seller. Such programs shall be as compatible as possible with the Buyer’s operational requirements
and shall be carried out at the Buyer’s expense. Reports relating thereto shall be regularly furnished to the Seller;



 


		(v)	the Buyer shall report any breakage or defect in a Item in writing to the Seller *** after
                                                                such breakage or defect becomes apparent, whether or not said breakage or defect can reasonably be expected to occur in any
                                                                other aircraft, and the Buyer shall have provided to the Seller sufficient detail on the breakage or defect to enable
                                                                the Seller to determine whether said breakage or defect is subject to this Service Life Policy.



 


		12.24.3	Except as otherwise provided for in this
Clause 12.2, any claim under this Service Life Policy shall be administered as provided for in, and shall be subject to the terms
and conditions of, Clause 12.1.6.



 


		12.24.4	In
the event of the Seller having issued a modification applicable to an Aircraft, the purpose of which is to avoid a Failure, the
Seller may elect to supply the necessary modification kit free of charge or under a pro rata formula. If such a kit is so offered
to the Buyer, then, to the extent of such Failure and any Failures that could ensue therefrom, the validity of the Seller’s commitment
under this Clause 12.2 shall be subject to the Buyer incorporating such modification in the relevant Aircraft, as promulgated by
the Seller and in accordance with the Seller’s instructions, within a reasonable time.



 


		12.24.5	This
Service Life Policy is neither a warranty, performance guarantee, nor an agreement to modify any Aircraft or Airframe components
to conform to new developments occurring in the state of airframe design and manufacturing art.



 


The Seller’s obligation hereunder
is to furnish only those corrections to the Items or provide replacements therefor as provided for in this Clause 12.2.


 


The Buyer’s sole remedy and
relief for the non-performance of any obligation or liability of the Seller arising under or by virtue of this Service Life Policy
shall be in the form of a credit, limited to the amount the Buyer reasonably expends in procuring a correction or replacement for
any Item that is the subject of a Failure covered by this Service Life Policy and to which such non-performance is related.


 


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The Buyer hereby waives, releases
and renounces all claims to any further damages, direct, incidental or consequential, including loss of profits and all other rights,
claims and remedies, arising under or by virtue of this Service Life Policy.


 


		12.3	Supplier Warranties and Service Life Policies



 


Prior to/at Delivery of the first Aircraft,
the Seller shall provide the Buyer, in accordance with the provisions of Clause 17, with the warranties and, where applicable,
service life policies that the Seller has obtained for Supplier Parts pursuant to the Supplier Product Support Agreements.


 


		12.3.1	Definitions



 


		12.3.1.1	“Supplier” means any supplier
                                         of Supplier Parts.



 


		12.3.1.2	“Supplier Part”
                                         means any component, equipment, accessory or part installed in an Aircraft at the time
                                         of Delivery thereof and for which there exists a Supplier Product Support Agreement.
                                         For the sake of clarity, Propulsion Systems and Buyer Furnished Equipment and other equipment
                                         selected by the Buyer to be supplied by suppliers with whom the Seller has no existing
                                         enforceable warranty agreements are not Supplier Parts.



 


		12.3.1.3	“Supplier Product Support
                                         Agreements” means agreements between the Seller and Suppliers, as described
                                         in Clause 17.1.2, containing enforceable and transferable warranties and, in the case
                                         of landing gear suppliers, service life policies for selected structural landing gear
                                         elements.



 


		12.3.2	Supplier’s Default



 


		12.3.2.1	In
                                         the event of any Supplier, under any standard warranty obtained by the Seller pursuant
                                         to Clause 12.3.1, defaulting in the performance of any material obligation with respect
                                         thereto and the Buyer submitting in reasonable time to the Seller reasonable proof that
                                         such default has occurred, then Clause 12.1 shall apply to the extent the same would
                                         have been applicable had such Supplier Part been a Warranted Part, except that
                                         the Supplier’s warranty period as indicated in the Supplier Product Support Agreement
                                         shall apply.



 


		12.3.2.2	In
the event of any Supplier, under any Supplier Service Life Policy obtained by the Seller pursuant to Clause 12.3.1, defaulting
in the performance of any material obligation with respect thereto and the Buyer submitting in reasonable time to the Seller reasonable
proof that such default has occurred, then Clause 12.2 shall apply to the extent the same would have been applicable had such
Supplier Item been listed in Exhibit F, Seller Service Life Policy, except that the Supplier’s Service Life Policy period as indicated
in the Supplier Product Support Agreement shall apply.



 


		12.3.2.3	At
the Seller’s request, the Buyer shall assign to the Seller, and the Seller shall be subrogated to, all of the Buyer’s rights against
the relevant Supplier with respect to and arising by reason of such default and shall provide reasonable assistance to enable
the Seller to enforce the rights so assigned.



 


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		12.4	Interface Commitment



 


		12.4.1	Interface Problem



 


If the Buyer experiences any
technical problem in the operation of an Aircraft or its systems due to a malfunction, the cause of which, after due and reasonable
investigation, is not readily identifiable by the Buyer but which the Buyer reasonably believes to be attributable to the design
characteristics of one or more components of the Aircraft (“Interface Problem”), the Seller shall, if
so requested by the Buyer, and *** promptly conduct or have conducted an investigation and analysis of such problem to determine,
if possible, the cause or causes of the problem and to recommend such corrective action as may be feasible. The Buyer shall furnish
to the Seller all data and information in the Buyer’s possession relevant to the Interface Problem and shall cooperate with
the Seller in the conduct of the Seller’s investigations and such tests as may be required.


 


At the conclusion of such investigation,
the Seller shall promptly advise the Buyer in writing of the Seller’s opinion as to the cause or causes of the Interface Problem
and the Seller’s recommendations as to corrective action.


 


		12.4.2	Seller’s Responsibility



 


If the Seller determines that
the Interface Problem is primarily attributable to the design of a Warranted Part, the Seller shall, if so requested by the Buyer
and pursuant to the terms and conditions of Clause 12.1, correct the design of such Warranted Part to the extent of the Seller’s
obligation as defined in Clause 12.1.


 


		12.4.3	Supplier’s Responsibility



 


If the Seller determines that
the Interface Problem is primarily attributable to the design of any Supplier Part, the Seller shall, if so requested by the Buyer,
reasonably assist the Buyer in processing any warranty claim the Buyer may have against the Supplier.


 


		12.4.4	Joint Responsibility



 


If the Seller determines that
the Interface Problem is attributable partially to the design of a Warranted Part and partially to the design of any Supplier Part,
the Seller shall, if so requested by the Buyer, seek a solution to the Interface Problem through cooperative efforts of the Seller
and any Supplier involved.


 


The Seller shall promptly advise
the Buyer of such corrective action as may be proposed by the Seller and any such Supplier. Such proposal shall be consistent with
any then existing obligations of the Seller hereunder and of any such Supplier towards the Buyer. Such corrective action, when
accepted by the Buyer, shall constitute full satisfaction of any claim the Buyer may have against either the Seller or any such
Supplier with respect to such Interface Problem.


 


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		12.4.5	General



 


		12.4.5.1	All requests under this Clause 12.4 shall be directed to both the Seller and the Supplier.



 


		12.4.5.2	Except as specifically set forth in this Clause 12.4, this Clause shall not be deemed to impose on the Seller any obligations
not expressly set forth elsewhere in this Clause 12.



 


		12.4.5.3	All reports, recommendations, data and other documents furnished by the Seller to the Buyer pursuant to this Clause 12.4 shall
be deemed to be delivered under this Agreement and shall be subject to the terms, covenants and conditions set forth in this Clause
12.



 


		12.5	Waiver, Release and Renunciation



 


THE WARRANTIES, OBLIGATIONS
AND LIABILITIES OF THE SELLER (AS DEFINED BELOW FOR THE PURPOSES OF THIS CLAUSE) AND REMEDIES OF THE BUYER SET FORTH IN THIS CLAUSE
12 ARE EXCLUSIVE AND IN SUBSTITUTION FOR, AND THE BUYER HEREBY WAIVES, RELEASES AND RENOUNCES ALL OTHER WARRANTIES, OBLIGATIONS
AND LIABILITIES OF THE SELLER AND RIGHTS, CLAIMS AND REMEDIES OF THE BUYER AGAINST THE SELLER, EXPRESS OR IMPLIED, ARISING BY LAW,
CONTRACT OR OTHERWISE, WITH RESPECT TO ANY NON CONFORMITY OR DEFECT OF ANY KIND, IN ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY,
PART, SOFTWARE, DATA OR SERVICES DELIVERED UNDER THIS AGREEMENT, INCLUDING BUT NOT LIMITED TO:


 


		A.	ANY WARRANTY AGAINST HIDDEN DEFECTS;



 


		B.	ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS;



 


		C.	ANY IMPLIED WARRANTY ARISING FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE OR TRADE;



 


		D.	ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY, WHETHER IN CONTRACT OR IN TORT, WHETHER OR NOT
ARISING FROM THE SELLER’S NEGLIGENCE, ACTUAL OR IMPUTED; AND



 


		E.	ANY OBLIGATION, LIABILITY, RIGHT, CLAIM, OR REMEDY FOR LOSS OF OR DAMAGE TO ANY AIRCRAFT, COMPONENT,
EQUIPMENT, ACCESSORY, PART, SOFTWARE, DATA, OR SERVICES DELIVERED UNDER THIS AGREEMENT, FOR LOSS OF USE, REVENUE OR PROFIT, OR
FOR ANY OTHER DIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES,



 


PROVIDED THAT IN THE EVENT THAT
ANY OF THE AFORESAID PROVISIONS SHOULD FOR ANY REASON BE HELD UNLAWFUL OR OTHERWISE INEFFECTIVE THE REMAINDER OF THIS AGREEMENT
SHALL REMAIN IN FULL FORCE AND EFFECT.


 


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FOR THE PURPOSES OF THIS CLAUSE
12.5, THE “SELLER” SHALL BE UNDERSTOOD TO INCLUDE THE SELLER, ANY OF ITS SUPPLIERS AND SUBCONTRACTORS, AND ITS AFFILIATES.


 


		12.6	Duplicate Remedies



 


The Seller shall not be obliged
to provide any remedy that duplicates any other remedy available to the Buyer in respect of the same defect under Clauses 12.1
and 12.2 as such Clauses may be amended, complemented or supplemented by other contractual agreements or by other Clauses of this
Agreement.


 


		12.7	Negotiated Agreement



 


The Buyer specifically recognizes
that:


 


		(i)	the Specification has been agreed upon after careful consideration by the Buyer using its judgment as a professional operator
of aircraft;



 


		(ii)	this Agreement, and in particular this Clause 12, has been the subject of discussion and negotiation and is fully understood
by the Buyer; and



 


		(iii)	the price of the Aircraft and the other mutual agreements of the Buyer set forth in this Agreement were arrived at in consideration
of, inter alia, the provisions of this Clause 12, specifically including the waiver, release and renunciation by the Buyer set
forth in Clause 12.5.



 


		12.8	Disclosure to Third Party Entity



 


In the event of the Buyer intending
to designate a third party entity (a “Third Party Entity”) to administrate this Clause 12, the Buyer shall notify the
Seller of such intention prior to any disclosure of this Clause to the selected Third Party Entity and shall cause such Third Party
Entity to enter into a confidentiality agreement and or any other relevant documentation with the Seller solely for the purpose
of administrating this Clause 12.


 


		12.9	Transferability



 


Without prejudice to Clause
21.1, the Buyer’s rights under this Clause 12 may not be assigned, sold, transferred, novated or otherwise alienated by operation
of law or otherwise, without the Seller’s prior written consent, which shall not be unreasonably withheld.


 


Any transfer in violation of
this Clause 12.9 shall, as to the particular Aircraft involved, void the rights and warranties of the Buyer under this Clause 12
and any and all other warranties that might arise under or be implied in law.


 


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		13	PATENT AND COPYRIGHT INDEMNITY 



 


		13.1	Indemnity



 


		13.1.1	Subject to the provisions of Clause 13.2.3, the Seller shall indemnify the Buyer from and against any damages, costs or expenses
including legal costs (excluding damages, costs, expenses, loss of profits and other liabilities in respect of or resulting from
loss of use of the Aircraft) resulting from any infringement or claim of infringement by the Airframe (or any part or software
installed therein at Delivery) of:



 


		(i)	any British, French, German, Spanish or U.S. patent;



 


and


 


		(ii)	any patent issued under the laws of any other country in which the Buyer may lawfully operate the
Aircraft, provided that :



 


		(1)	from the time of design of such Airframe, accessory, equipment or part and until infringement claims
are resolved, such country and the flag country of the Aircraft are each a party to the Chicago Convention on International Civil
Aviation of December 7, 1944, and are each fully entitled to all benefits of Article 27 thereof,



 


or in the
alternative,


 


		(2)	from such time of design and until infringement claims are resolved, such country and the flag
country of the Aircraft are each a party to the International Convention for the Protection of Industrial Property of March 20,
1883 (“Paris Convention”);



 


and


 


		(iii)	in respect of computer software installed on the Aircraft, any copyright, provided that the Seller’s obligation to indemnify
shall be limited to infringements in countries which, at the time of infringement, are members of The Berne Union and recognise
computer software as a “work” under the Berne Convention.



 


		13.1.2	Clause 13.1.1 shall not apply to



 


		(i)	Buyer Furnished Equipment or Propulsion Systems; or



 


		(ii)	parts not supplied pursuant to a Supplier Product Support Agreement ; or



 


		(iii)	software not created by the Seller.



 


		13.1.3	In the event that the Buyer is prevented from using the Aircraft (whether by a valid judgement of a court of competent jurisdiction
or by a settlement arrived at between claimant, Seller and Buyer), the Seller shall at its expense either:



 


		(i)	procure for the Buyer the right to use the same aircraft free of charge to the Buyer; or



 


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		14	TECHNICAL DATA AND SOFTWARE SERVICES



 


		14.1	Scope



 


This Clause 14 covers the terms
and conditions for the supply of technical data (hereinafter “Technical Data”) and software services
described hereunder (hereinafter “Software Services”) to support the Aircraft operation.


 


		14.1.1	The Technical Data shall be supplied in the English language using the aeronautical terminology in common use.



 


		14.1.2	Range, type, format and delivery schedule of the Technical Data to be provided under this Agreement are outlined in Exhibit
G hereto.



 


		14.2	Aircraft Identification for Technical Data



 


		14.2.1	For those Technical Data that are
                                         customized to the Aircraft, the Buyer agrees to the allocation of fleet serial numbers
                                         (“Fleet Serial Numbers”) in the form of block of numbers
                                         selected in the range from 001 to 999.



 


		14.2.2	The sequence shall not be interrupted unless two (2) different Propulsion Systems or two (2) different Aircraft models are
selected.



 


		14.2.3	The Buyer shall indicate to the Seller the Fleet Serial Number allocated to each Aircraft corresponding to the delivery schedule
set forth in Clause 9.1.1 no later than *** before the Scheduled Delivery Month of the first Aircraft. Neither the
designation of such Fleet Serial Numbers nor the subsequent allocation of the Fleet Serial Numbers to Manufacturer Serial Numbers
for the purpose of producing certain customized Technical Data shall constitute any property, insurable or other interest of the
Buyer in any Aircraft prior to the Delivery of such Aircraft as provided for in this Agreement.



 


The customized Technical Data that are affected thereby
are the following:


 


- Aircraft Maintenance Manual,


- Illustrated Parts Catalog,


- Trouble Shooting Manual,


- Aircraft Wiring Manual,


- Aircraft Schematics Manual,


- Aircraft Wiring Lists.


 


		14.3	Integration of Equipment Data



 


		14.3.1	Supplier Equipment



 


Information, including revisions, relating to Supplier
equipment that is installed on the Aircraft at Delivery or through Airbus Service Bulletins thereafter shall be introduced into
the customized Technical Data to the extent necessary for the comprehension of the affected systems, at no additional charge to
the Buyer.


 


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		14.3.2	Buyer Furnished Equipment



 


		14.3.2.1	The
                                         Seller shall introduce Buyer Furnished Equipment data for Buyer Furnished Equipment that
                                         is installed on the Aircraft by the Seller (hereinafter “BFE Data”)
                                         into the customized Technical Data, at no additional charge to the Buyer solely for the
                                         initial issue of the Technical Data provided at or before Delivery of the first Aircraft,
                                         provided such BFE Data is provided in accordance with the conditions set forth in Clauses
                                         14.3.2.2 through 14.3.2.5.



 


		14.3.2.2	***



 


		14.3.2.3	The
BFE Data shall be supplied in English and shall be established in compliance with the then applicable revision of ATA iSpecification
2200 (iSpec 2200), Information Standards for Aviation Maintenance.



 


		14.3.2.4	The BFE Data shall be delivered in digital format and/or in Portable Document Format (PDF), as agreed between the Buyer and
the Seller.



 


		14.3.2.5	All costs related to the delivery to the Seller of the applicable BFE Data shall be borne by the Buyer.



 


		14.4	Supply



 


		14.4.1	Technical Data shall be supplied on-line and/or off-line, as set forth in Exhibit G hereto.



 


		14.4.2	The Buyer shall not receive any credit or compensation for any unused or only partially used Technical Data supplied pursuant
to this Clause 14.



 


		14.4.3	Delivery



 


		14.4.3.1	For Technical Data provided off-line, such Technical Data and corresponding revisions shall be sent to up to two (2) addresses
as indicated by the Buyer.



 


		14.4.3.2	Technical Data provided off-line
                                         shall be delivered by the Seller at the Buyer’s named place of destination under DAP
                                         conditions. The term Delivered At Place (DAP) is defined in the Incoterms 2010 publication
                                         issued by the International Chamber of Commerce.



 


		14.4.3.3	The Technical Data shall be delivered according to a mutually agreed schedule to correspond with the Deliveries of Aircraft.
The Buyer shall provide no less than *** notice when requesting a change to such delivery schedule.



 


		14.4.4	It shall be the responsibility of the Buyer to coordinate and satisfy local Aviation Authorities’ requirements with respect
to Technical Data. Reasonable quantities of such Technical Data shall be supplied by the Seller at no charge to the Buyer at the
Buyer’s named place of destination.



 


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Notwithstanding the foregoing, and in agreement with
the relevant Aviation Authorities, preference shall be given to the on-line access to such Buyer’s Technical Data through the Airbus
customer portal AirbusWorld.


 


		14.5	Revision Service



 


For each firmly ordered Aircraft
covered under this Agreement, revision service for the Technical Data shall be provided on a free of charge basis for a period
*** (each a “Revision Service Period”).


 


Thereafter revision service shall be provided in
accordance with the terms and conditions set forth in the Seller’s then current Customer Services Catalog.


 


		14.6	Service Bulletins (SB) Incorporation



 


During any Revision Service Period and upon the Buyer’s
request, which shall be made *** issuance of the applicable Service Bulletin. Seller Service Bulletin information
shall be incorporated into the Technical Data, provided that the Buyer notifies the Seller through the relevant AirbusWorld on-line
Service Bulletin Reporting application that it intends to accomplish such Service Bulletin, after which post Service Bulletin status
shall be shown.


 


		14.7	Technical Data Familiarization



 


Upon request by the Buyer, the Seller shall provide
up to ***  Technical Data familiarization training at the Seller’s or the Buyer’s facilities. The basic familiarization
course is tailored for maintenance and engineering personnel.


 


		14.8	Customer Originated Changes (COC)



 


In the event of the Buyer wishing
to introduce Buyer originated data. including BFE Data after the initial issue of the Technical Data, (hereinafter “COC
Data”) into any of the customized Technical Data that are identified as eligible for such incorporation in the Seller’s
then current Customer Services Catalog, the Buyer shall notify the Seller of such intention.


 


The incorporation of any COC Data shall be performed
under the methods and tools for achieving such introduction and the conditions specified in the Seller’s then current Customer
Services Catalog.


 


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		14.9	AirN@v Family products



 


		14.9.1	The Technical Data listed herebelow
                                         are provided on DVD and include integrated software (hereinafter together referred to
                                         as “AirN@v Family”).



 


		14.9.2	The AirN@v Family covers several Technical Data domains, reflected by the following AirN@v Family products:



 


- AirN@v / Maintenance,


- AirN@v / Planning,


- AirN@v / Repair,


- AirN@v / Workshop,


- AirN@v / Associated Data,


- AirN@v / Engineering.


 


		14.9.3	The licensing conditions for the
                                         use of AirN@v Family integrated software shall be as set forth in Part 1 of Exhibit I
                                         to the Agreement, “End-User License Agreement for Airbus Software”.



 


		14.9.4	The revision service and the license to use AirN@v Family products shall be granted free of charge for the duration of the
corresponding Revision Service Period. At the end of such Revision Service Period, the yearly revision service for AirN@v Family
products and the associated license fee shall be provided to the Buyer under the commercial conditions set forth in the Seller’s
then current Customer Services Catalog.



 


		14.10	On-Line Technical Data



 


		14.10.1	The Technical Data provided on-line
                                         shall be made available to the Buyer through the Airbus customer portal AirbusWorld (“AirbusWorld”).



 


		14.10.2	Access to AirbusWorld shall be
                                         subject to the “General Terms and Conditions of Access to and Use of AirbusWorld”
                                         (hereinafter the “GTC”), as set forth in Part 2 of Exhibit
                                         I to this Agreement.



 


		14.10.3	The list of the Technical Data provided on-line may be extended from time to time.



 


For any Technical Data which is or becomes available
on-line, the Seller reserves the right to suppress other formats for the concerned Technical Data.


 


		14.10.4	Access to AirbusWorld shall be granted free of charge for an unlimited number of the Buyer’s users (including two (2) Buyer’s
Administrators) for the Technical Data related to the Aircraft which shall be operated by the Buyer.



 


		14.10.5	For the sake of clarification, it is hereby specified that Technical Data accessed through AirbusWorld shall remain subject
to the conditions of this Clause 14.



 


In addition, should AirbusWorld provide access to
Technical Data in software format, the use of such software shall be further subject to the conditions of Part 1 of Exhibit I to
the Agreement.


 


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14.11 Waiver, Release and Renunciation


 


The Seller warrants that the Technical Data are prepared
in accordance with the state of art at the date of their conception. Should any Technical Data prepared by the Seller contain non-conformity
or defect, the sole and exclusive liability of the Seller shall be to take all reasonable and proper steps to correct such Technical
Data. Notwithstanding the above, no warranties of any kind shall be given for the Customer Originated Changes, as set forth in
Clause 14.8.


 


THE WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE
SELLER (AS DEFINED BELOW FOR THE PURPOSES OF THIS CLAUSE) AND REMEDIES OF THE BUYER SET FORTH IN THIS CLAUSE 14 ARE EXCLUSIVE AND
IN SUBSTITUTION FOR, AND THE BUYER HEREBY WAIVES, RELEASES AND RENOUNCES ALL OTHER WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE
SELLER AND RIGHTS, CLAIMS AND REMEDIES OF THE BUYER AGAINST THE SELLER, EXPRESS OR IMPLIED, ARISING BY LAW, CONTRACT OR OTHERWISE,
WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT OF ANY KIND, IN ANY TECHNICAL DATA OR SERVICES DELIVERED UNDER THIS AGREEMENT, INCLUDING
BUT NOT LIMITED TO:


 


		A.	ANY WARRANTY AGAINST HIDDEN DEFECTS;



 


		B.	ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS;



 


		C.	ANY IMPLIED WARRANTY ARISING FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE OR TRADE;



 


		D.	ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY, WHETHER IN CONTRACT OR IN TORT, WHETHER OR NOT ARISING FROM THE SELLER’S
NEGLIGENCE, ACTUAL OR IMPUTED; AND



 


		E.	ANY OBLIGATION, LIABILITY, RIGHT, CLAIM, OR REMEDY FOR LOSS OF OR DAMAGE TO ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY,
PART, SOFTWARE, DATA OR SERVICES DELIVERED UNDER THIS AGREEMENT, FOR LOSS OF USE, REVENUE OR PROFIT, OR FOR ANY OTHER DIRECT, INCIDENTAL
OR CONSEQUENTIAL DAMAGES;



 


PROVIDED THAT, IN THE EVENT THAT ANY OF THE AFORESAID
PROVISIONS SHOULD FOR ANY REASON BE HELD UNLAWFUL OR OTHERWISE INEFFECTIVE, THE REMAINDER OF THIS AGREEMENT SHALL REMAIN IN FULL
FORCE AND EFFECT.


 


FOR THE PURPOSES OF THIS CLAUSE 14, THE “SELLER”
SHALL BE UNDERSTOOD TO INCLUDE THE SELLER, ANY OF ITS SUPPLIERS AND SUBCONTRACTORS, AND ITS AFFILIATES.


 


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		14.12	Proprietary Rights



 


		14.12.1	All proprietary rights, including but not limited to patent, design and copyrights, relating to Technical Data shall remain
with the Seller and/or its Affiliates as the case may be.



 


These proprietary rights shall also apply to any
translation into a language or languages or media that may have been performed or caused to be performed by the Buyer.


 


		14.12.2	Whenever this Agreement and/or any Technical Data provides for manufacturing by the Buyer, the consent given by the Seller
shall not be construed as express or implicit approval howsoever neither of the Buyer nor of the manufactured products. The supply
of the Technical Data shall not be construed as any further right for the Buyer to design or manufacture any aircraft or part thereof
or spare part.



 


		14.13	Performance Engineer’s Program



 


		14.13.1	In addition to the Technical Data
                                         provided under Clause 14, the Seller shall provide to the Buyer Software Services, which
                                         shall consist of the Performance Engineer’s Programs (“PEP”)
                                         for the Aircraft type covered under this Agreement. Such PEP is composed of software
                                         components and databases and its use is subject to the license conditions set forth in
                                         Part 1 of Exhibit I to the Agreement “End-User License Agreement for Airbus
                                         Software”.



 


		14.13.2	Use of the PEP shall be limited
                                         to *** to be used on the Buyer’s computers for the purpose of computing performance engineering
                                         data. The PEP is intended for use on ground only and shall not be embarked on
                                         board the Aircraft.



 


		14.13.3	The license to use the PEP and the revision service shall be provided on *** as set forth in
                                                                Clause 14.5.



 


		14.13.4	At the end of such PEP Revision Service Period, the PEP shall be provided to the Buyer at the standard commercial conditions
set forth in the Seller’s then current Customer Services Catalog.



 


		14.14	Future Developments



 


The Seller continuously monitors technological developments
and applies them to Technical Data, document and information systems’ functionalities, production and methods of transmission.


 


The Seller shall implement and the Buyer shall accept
such new developments, it being understood that the Buyer shall be informed in due time by the Seller of such new developments
and their application and of the date by which the same shall be implemented by the Seller.


 


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		14.15	Confidentiality



 


		14.15.1	This Clause, the Technical Data, the Software Services and their content are designated as confidential. All such Technical
Data and Software Services are provided to the Buyer for the sole use of the Buyer who undertakes not to disclose the contents
thereof to any third party without the prior written consent of the Seller save as permitted therein or pursuant to any government
or legal requirement imposed upon the Buyer.



 


		14.15.2	In the event of the Seller authorizing
                                         the disclosure of this Clause or any Technical Data or Software Services to third parties
                                         either under this Agreement or by an express prior written authorization and specifically,
                                         in the event of the Buyer intending to designate a maintenance and repair organization
                                         or a third party to perform the maintenance of the Aircraft or to perform data processing
                                         on its behalf (each a “Third Party”), the Buyer shall
                                         notify the Seller of such intention prior to any disclosure of this Clause and/or the
                                         Technical Data and/or the Software Services to such Third Party.



 


The Buyer hereby undertakes
to cause such Third Party to agree to be bound by the conditions and restrictions set forth in this Clause 14 with respect
to the disclosed Clause, Technical Data or Software Services and shall in particular cause such Third Party to enter into a confidentiality
agreement with the Seller and appropriate licensing conditions, and to commit to use the Technical Data solely for the purpose
of maintaining the Buyer’s Aircraft and the Software Services exclusively for processing the Buyer’s data.


 


		14.16	Transferability



 


Without prejudice to Clause 21.1, the Buyer’s rights
under this Clause 14 may not be assigned, sold, transferred, novated or otherwise alienated by operation of law or otherwise, without
the Seller’s prior written consent.


 


Any transfer in violation of this Clause 14.16 shall,
as to the particular Aircraft involved, void the rights and warranties of the Buyer under this Clause 14 and any and all other
warranties that might arise under or be implied in law.


 


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		15	SELLER REPRESENTATIVE SERVICES



 


The Seller shall provide at no charge to the Buyer
the services described in this Clause 15, at the Buyer’s main base or at other locations to be mutually agreed.


 


		15.1	Customer Support Representative(s)



 


		15.1.1	The Seller shall provide free of
                                         charge to the Buyer the services of Seller customer support representative(s), as defined
                                         in Appendix A to this Clause 15 (each a “Seller Representative”), at
                                         the Buyer’s main base or such other locations as the parties may agree.



 


		15.1.2	In providing the services as described hereabove, any Seller Representatives, or any Seller employee(s) providing services
to the Buyer hereunder, are deemed to be acting in an advisory capacity only and at no time shall they be deemed to be acting as
Buyer’s employees or agents, either directly or indirectly.



 


		15.1.3	The Seller shall provide to the Buyer an annual written accounting of the consumed man-months and any remaining man-month balance
from the allowance defined in Appendix A. Such accounting shall be deemed final and accepted by the Buyer unless the Seller receives
written objection from the Buyer within *** receipt of such accounting.



 


		15.1.4	In the event of a need for Aircraft On Ground (“AOG”) technical assistance after the end of the assignment referred
to in Appendix A to this Clause 15, the Buyer shall have non-exclusive access to:



 


		(a)	AIRTAC (Airbus Technical AOG Center);



 


		(b)	The Seller Representative network closest to the Buyer’s main base. A list of contacts of the Seller Representatives closest
to the Buyer’s main base shall be provided to the Buyer.



 


As a matter of reciprocity, the Buyer shall authorize
the Seller Representative(s), during his/their assignment at the Buyer’s, to provide similar assistance to another airline.


 


		15.1.5	Should the Buyer request Seller Representative services exceeding the allocation specified in Appendix A to this Clause 15,
the Seller may provide such additional services subject to terms and conditions to be mutually agreed.



 


		15.1.6	The Seller shall cause similar services to be provided by representatives of the Propulsion Systems Manufacturer and Suppliers,
when necessary and applicable.



 


		15.2	Buyer’s Support



 


		15.2.1	From the date of arrival of the first Seller Representative and for the duration of the assignment, the Buyer shall provide
free of charge a suitable lockable office, conveniently located with respect to the Buyer’s maintenance facilities, with complete
office furniture and equipment including telephone, internet, email and facsimile connections for the sole use of the Seller Representative(s).
All related communication costs shall be borne by the Seller upon receipt by the Seller of all relevant justifications, however
the Buyer shall not impose on the Seller any charges other than the direct cost of such communications.



 


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		15.2.2	 ***



 


		15.2.3	 ***



 


		15.2.4	Should the Buyer request any Seller Representative referred to in Clause 15.1 above to travel on business to a city other than
his usual place of assignment, the Buyer shall be responsible for all related transportation costs and expenses.



 


		15.2.5	Absence of an assigned Seller Representative during normal statutory vacation periods are covered by the Seller Representatives
as defined in Clause 15.1.4 and as such are accounted against the total allocation provided in Appendix A hereto.



 


		15.2.6	The Buyer shall assist the Seller in obtaining from the civil authorities of the Buyer’s country those documents that are necessary
to permit the Seller Representative to live and work in the Buyer’s country. Failure of the Seller to obtain the necessary documents
shall relieve the Seller of any obligation to the Buyer under the provisions of Clause 15.1.



 


		15.2.7	The Buyer shall reimburse to the Seller charges, taxes, duties, imposts or levies of any kind whatsoever, imposed by the authorities
of the Buyer’s country upon:



 


		-	the entry into or exit from the Buyer’s country of the Seller Representatives and their families,



 


		-	the entry into or the exit from the Buyer’s country of the Seller Representatives and their families’ personal property,



 


		-	the entry into or the exit from the Buyer’s country of the Seller’s property, for the purpose of providing the Seller Representatives
services.



 


		15.3	Withdrawal of the Seller Representative



 


The Seller shall have the right to withdraw its assigned
Seller Representatives as it sees fit if conditions arise, which are in the Seller’s opinion dangerous to their safety or health
or prevent them from fulfilling their contractual tasks.


 


		15.4	Indemnities



 


INDEMNIFICATION PROVISIONS APPLICABLE TO THIS CLAUSE
15 ARE SET FORTH IN CLAUSE 19.


 


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APPENDIX A TO CLAUSE 15


 


SELLER REPRESENTATIVE ALLOCATION 


 


For the avoidance of doubt, such quantity indicated below is
the total quantity granted for the whole of the Buyer’s fleet of seventy (70) Aircraft firmly ordered, unless otherwise specified.


 


The Seller Representative allocation provided to the Buyer pursuant
to Clause 15.1 is defined hereunder.


 


***





 


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		16	TRAINING SUPPORT AND SERVICES



 


		16.1	General



 


		16.1.1	This Clause 16 sets forth the terms and conditions for the supply of training support and services for the Buyer’s personnel
to support the Aircraft operation.



 


		16.1.2	The range, quantity and validity of training to be provided free of charge under this Agreement are covered in Appendix A to
this Clause 16.



 


		16.1.3	Scheduling of training courses
                                         covered in Appendix A shall be mutually agreed during a training conference (the “Training
                                         Conference”) that shall be held *** prior to Delivery of the first Aircraft.



 


		16.2	Training Location



 


		16.2.1	The Seller shall provide training
                                         at its training center in Blagnac, France, and/or in Hamburg, Germany, or shall designate
                                         an affiliated training center in Miami, U.S.A., or Beijing, China (individually a “Seller’s
                                         Training Center” and collectively the “Seller’s Training Centers”).



 


		16.2.2	If the unavailability of facilities or scheduling difficulties make training by the Seller at any Seller’s Training Center
impractical, the Seller shall ensure that the Buyer is provided with such training at another location designated by the Seller.



 


		16.2.3.1	Upon the Buyer’s request, the Seller may also provide certain training at a location other than the Seller’s Training Centers,
including one of the Buyer’s bases, if and when practicable for the Seller, under terms and conditions to be mutually agreed upon.
In such event, all additional charges listed in Clauses 16.5.2 and 16.5.3 shall be borne by the Buyer.



 


		16.2.3.2	If the Buyer requests training at a location as indicated in Clause 16.2.3.1 and requires such training to be an Airbus approved
course, the Buyer undertakes that the training facilities shall be approved prior to the performance of such training. The Buyer
shall, as necessary and in due time prior to the performance of such training, provide access to the training facilities set forth
in Clause 16.2.3.1 to the Seller’s and the competent Aviation Authority’s representatives for approval of such facilities.



 


		16.3	Training Courses



 


		16.3.1	Training courses shall be as described
                                         in the Seller’s customer services catalog (the “Seller’s Customer
                                         Services Catalog”). The Seller’s Customer Services Catalog also
                                         sets forth the minimum and maximum number of trainees per course.



 


All training requests or training course changes
made outside of the frame of the Training Conference shall be submitted by the Buyer with a minimum of three (3) months prior notice.


 


		16.3.2	The following terms and conditions shall apply to training performed by the Seller:



 


		(i)	Training courses shall be the Seller’s standard courses as described in the Seller’s Customer Services Catalog valid at the
time of execution of the course. The Seller shall be responsible for all training course syllabi, training aids and training equipment
necessary for the organization of the training courses; for the avoidance of doubt, for the purpose of performing training, such
training equipment does not include aircraft.



 


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		(ii)	The training equipment and the training curricula used for the training of flight, cabin and maintenance personnel shall not
be fully customized but shall be configured in order to obtain the relevant Aviation Authority’s approval and to support the Seller’s
training programs.



 


		(iii)	Training data and documentation for trainees receiving the training at the Seller’s Training Centers shall be provided free
of charge. Training data and documentation shall be marked “FOR TRAINING ONLY” and as such are supplied for the sole
and express purpose of training; training data and documentation shall not be revised.



 


		16.3.3	When the Seller’s training
                                         courses are provided by the Seller’s instructors (individually an “Instructor”
                                         and collectively “Instructors”) the Seller shall deliver
                                         a Certificate of Recognition or a Certificate of Course Completion (each a “Certificate”)
                                         or an attestation (an “Attestation”), as applicable, at the
                                         end of any such training course. Any such Certificate or Attestation shall not represent
                                         authority or qualification by any Aviation Authority but may be presented to such Aviation
                                         Authority in order to obtain relevant formal qualification.



 


In the event of training courses being provided by
a training provider selected by the Seller as set forth in Clause 16.2.2, the Seller shall cause such training provider to deliver
a Certificate or Attestation, which shall not represent authority or qualification by any Aviation Authority, but may be presented
to such Aviation Authority in order to obtain relevant formal qualification.


 


		16.3.4.1	Should the Buyer wish to exchange
                                         any of the training courses provided under Appendix A hereto, the Buyer shall place a
                                         request for exchange to this effect with the Seller. The Buyer may exchange, subject
                                         to the Seller’s confirmation, the training allowances granted under Appendix A of the
                                         present Agreement as follows:



 


	 	 	***	***



 


	 	 	***	***



 


	 	 	***	***



 


	 	 	***	***



 


It is understood that the above shall apply to the
extent that training allowances granted under Appendix A remain in credit to the full extent necessary to perform the exchange.


 


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All requests to exchange training courses shall be
submitted by the Buyer with a minimum of three (3) months prior notice. The requested training shall be subject to the Seller’s
then existing planning constraints.


 


		16.3.4.2	Should the Buyer use none or only part of the training to be provided pursuant to this Clause 16, no compensation or credit
of any nature shall be provided.



 


		16.3.5.1	Should the Buyer decide to cancel or reschedule, fully or partially, and irrespective of the location of the training, a training
course, a minimum advance notification of *** prior to the relevant training course start date is
required.



 


		16.3.5.2	 ***



 


		16.3.5.3	 ***



 


		16.3.5.4	All courses exchanged under Clause 16.3.4.1 shall remain subject to the provisions of this Clause 16.3.5.



 


		16.4	Prerequisites and Conditions



 


		16.4.1	Training shall be conducted in English and all training aids used during such training shall be written in English using common
aeronautical terminology.



 


		16.4.2	The Buyer hereby acknowledges that all training courses conducted pursuant to this Clause 16 are “Standard Transition
Training Courses” and not “Ab lnitio Training Courses”.



 


		16.4.3	Trainees shall have the prerequisite knowledge and experience specified for each course in the Seller’s Customer Services Catalog.



 


		16.4.4.1	The Buyer shall be responsible for the selection of the trainees and for any liability with respect to the entry knowledge
level of the trainees.



 


		16.4.4.2	The Seller reserves the right to verify the trainees’ proficiency and previous professional experience.



 


		16.4.4.3	The Seller shall provide to the Buyer during the Training Conference an “Airbus Pre-Training Survey” for completion
by the Buyer for each trainee.



 


The Buyer shall provide the Seller with an attendance
list of the trainees for each course, with the validated qualification of each trainee, at the time of reservation of the training
course and in no event any later than *** before the start of the training course. The Buyer shall return
concurrently thereto the completed Airbus Pre-Training Survey, detailing the trainees’ associated background. If the Seller determines
through the Airbus Pre-Training Survey that a trainee does not match the prerequisites set forth in the Seller’s Customer Services
Catalog, following consultation with the Buyer, such trainee shall be withdrawn from the program or directed through a relevant
entry level training (ELT) program, which shall be at the Buyer’s expense.


 


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		16.4.4.4	If the Seller determines at any time during the training that a trainee lacks the required level, following consultation with
the Buyer, such trainee shall be withdrawn from the program or, upon the Buyer’s request, the Seller may be consulted to direct
the above mentioned trainee(s), if possible, through any other required additional training, which shall be at the Buyer’s expense.



 


		16.4.5	The Seller shall in no case warrant or otherwise be held liable for any trainee’s performance as a result of any training provided.



 


		16.5	Logistics



 


		16.5.1	Trainees



 


		16.5.1.1	***



 


		16.5.1.2	It shall be the responsibility of the Buyer to make all necessary arrangements relative to authorizations, permits and/or visas
necessary for the Buyer’s trainees to attend the training courses to be provided hereunder. Rescheduling or cancellation of courses
due to the Buyer’s failure to obtain any such authorizations, permits and/or visas shall be subject to the provisions of Clauses
16.3.5.1 thru 16.3.5.3.



 


		16.5.2	Training at External Location - Seller’s Instructors



 


		16.5.2.1.1	In the event of training being provided at the Seller’s request at any location other than the Seller’s Training Centers, as
provided for in Clause 16.2.2, ***.



 


		16.5.2.1.2	In the event of training being provided by the Seller’s Instructor(s) at any location other than the Seller’s Training Centers
at the Buyer’s request, ***



 


		16.5.2.2	***



 


***


 


		16.5.2.3	***



 


***


 


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		16.5.2.4	Buyer’s Indemnity



 


Except in case of Gross Negligence or wilful misconduct
of the Seller, the Seller shall not be held liable to the Buyer for ***


 


		16.5.3	Training Material and Equipment Availability - Training
                                         at External Location



 


Training material and equipment necessary for course
performance at any location other than the Seller’s Training Centers or the facilities of a training provider selected by the Seller
shall be provided by *** in accordance with the Seller’s specifications.


 


Notwithstanding the foregoing, should the Buyer request
the performance of a course at another location as per Clause 16.2.3.1, the Seller may, upon the Buyer’s request, provide the training
material and equipment necessary for such course’s performance. ***.


 


		16.6	Flight Operations Training



 


The Seller shall provide training for the Buyer’s
flight operations personnel as further detailed in Appendix A to this Clause 16, including the courses described in this Clause
16.6.


 


		16.6.1	Flight Crew Training Course



 


***


 


		16.6.2	Base Flight Training



 


		16.6.2.1	***



 


		16.6.2.2	***



 


		16.6.2.3	 ***



 


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		16.6.3	Flight Crew Line Initial Operating Experience



 


***


 


It is hereby understood by the Parties that the Seller’s
pilot Instructors shall only perform the above flight support services to the extent they bear the relevant qualifications to do
so.


 


		16.6.4	Type Specific Cabin Crew Training Course



 


***


 


		16.6.5	Training on Aircraft



 


***


 


		16.7	Performance / Operations Courses



 


***


 


		16.8	Maintenance Training



 


		16.8.1	***






 


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***


 


		16.8.2	Practical Training on Aircraft



 


***


 


		16.9	Supplier and Propulsion Systems Manufacturer Training



 


***


 


		16.10	Proprietary Rights



 


All proprietary rights, including but not limited
to patent, design and copyrights, relating to the Seller’s training data and documentation shall remain with the Seller and/or
its Affiliates and/or its Suppliers, as the case may be.


 


These proprietary rights shall also apply to any
translation into a language or languages or media that may have been performed or caused to be performed by the Buyer.


 


		16.11	Confidentiality



 


The Seller’s training data and documentation are
designated as confidential and as such are provided to the Buyer for the sole use of the Buyer, for training of its own personnel,
who undertakes not to disclose the content thereof in whole or in part, to any third party without the prior written consent of
the Seller, save as permitted herein or otherwise pursuant to any government or legal requirement imposed upon the Buyer.


 


In the event of the Seller having authorized the
disclosure of any training data and documentation to third parties either under this Agreement or by an express prior written authorization,
the Buyer shall cause such third party to agree to be bound by the same conditions and restrictions as the Buyer with respect to
the disclosed training data and documentation and to use such training data and documentation solely for the purpose for which
they are provided.


 


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		16.12	Transferability



 


Without prejudice to Clause 21.1, the Buyer’s rights
under this Clause 16 may not be assigned, sold, transferred, novated or otherwise alienated by operation of law or otherwise, without
the Seller’s prior written consent.


 


		16.13	Indemnities and Insurance



 


INDEMNIFICATION PROVISIONS AND INSURANCE REQUIREMENTS
APPLICABLE TO THIS CLAUSE 16 ARE AS SET FORTH IN CLAUSE 19.


 


THE BUYER SHALL PROVIDE THE SELLER WITH AN ADEQUATE
INSURANCE CERTIFICATE PRIOR TO ANY TRAINING ON AIRCRAFT.


 


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APPENDIX “A” TO CLAUSE 16



 


TRAINING ALLOWANCE


 


For the avoidance of doubt, all quantities
indicated below are the total quantities granted for the whole of the Buyer’s fleet of seventy (70) Aircraft firmly ordered, unless
otherwise specified.


 


The contractual training courses defined
in this Appendix A shall be provided ***


 


***


 


Any deviation to said training delivery
schedule shall be mutually agreed between the Buyer and the Seller.


 


		1	FLIGHT OPERATIONS TRAINING



 


		1.1	Flight Crew Training (adapted transition course)



 


***


 


		1.2	Airbus Pilot Instructor Course (APIC)



 


***


 


		2	MAINTENANCE TRAINING



 


		2.1	***



 


		3	TRAINEE DAYS ACCOUNTING 



 


Trainee days are counted as follows:


 


		3.1	***



 


		3.2	***



 


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		3.3	***



 


		3.4	***



 


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		17	EQUIPMENT SUPPLIER PRODUCT SUPPORT



 


		17.1	Equipment Supplier Product Support Agreements



 


		17.1.1	The Seller has obtained enforceable and transferable product support agreements from Suppliers of Supplier Parts, the benefit
of which is hereby accepted by the Buyer. Said agreements become enforceable as soon as and for as long as an operator is identified
as an Airbus aircraft operator.



 


		17.1.2	These agreements are based on the “World Airlines Suppliers Guide”, are made available to the Buyer through the SPSA
Application, and include Supplier commitments contained in the “Supplier Product Support Agreements”, as defined
in Clause 12.3.1.3, which include the following provisions:



 


		17.1.2.1	Technical data and manuals required to operate, maintain, service and overhaul the Supplier Parts. Such technical data and
manuals shall be prepared in accordance with the applicable provisions of ATA Specification including revision service and be published
in the English language. The Seller shall recommend that a software user guide, where applicable, be supplied in the form of an
appendix to the Component Maintenance Manual, such data shall be provided in compliance with the applicable ATA Specification;



 


		17.1.2.2	Warranties and guarantees, including standard warranties. In addition, landing gear Suppliers shall provide service life policies
for selected structural landing gear elements;



 


		17.1.2.3	Training to ensure efficient operation, maintenance and overhaul of the Supplier Parts for the Buyer’s instructors, shop and
line service personnel;



 


		17.1.2.4	Spares data in compliance with ATA iSpecification 2200, initial provisioning recommendations, spare parts and logistics service
including routine and expedite deliveries:



 


		17.1.2.5	Technical service to assist the Buyer with maintenance, overhaul, repair, operation and inspection of Supplier Parts as well
as required tooling and spares provisioning.



 


		17.2	Supplier Compliance



 


The Seller shall monitor Suppliers’ compliance with
support commitments defined in the Supplier Product Support Agreements and shall, if necessary, jointly take remedial action with
the Buyer.


 


		17.3	Nothing in this Clause 17 shall be construed to prevent or limit the Buyer from entering into direct negotiations with a Supplier
with respect to different or additional terms and conditions applicable to Suppliers Parts selected by the Buyer to be installed
on the Aircraft.



 


		17.4	Familiarization Training



 


Upon the Buyer’s request,
the Seller shall provide the Buyer with Supplier Product Support Agreements familiarization training at the Seller’s facilities
in Blagnac, France. An on-line training module shall be further available through AirbusWorld, access to which shall be subject
to the “General Terms and Conditions of Access to and Use of AirbusWorld” (hereinafter the “GTC”),
as set forth in Part 2 of Exhibit I to this Agreement.


 


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		18	BUYER FURNISHED EQUIPMENT 



 


		18.1	Administration



 


		18.1.1.1	In accordance with the Specification,
                                         the Seller shall install those items of equipment that are identified in the Specification
                                         as being furnished by the Buyer (“Buyer Furnished Equipment” or
                                         “BFE”), provided that the BFE and the supplier of such BFE
                                         (the “BFE Supplier”) are referred to in the Airbus BFE Product
                                         Catalog valid at the time the BFE Supplier is selected.



 


		18.1.1.2	Notwithstanding
                                         the foregoing and without prejudice to Clause 2.4, if the Buyer wishes to install BFE
                                         manufactured by a supplier who is not referred to in the Airbus BFE Product Catalog,
                                         the Buyer shall so inform the Seller and the Seller shall conduct a feasibility study
                                         of the Buyer’s request, in order to consider approving such supplier, provided that such
                                         request is compatible with the Seller’s industrial planning and the associated Scheduled
                                         Delivery Month for the Buyer’s Aircraft. In addition, it is a prerequisite to such approval
                                         that the considered supplier be qualified by the Seller’s Aviation Authorities to produce
                                         equipment for installation on civil aircraft. Any approval of a supplier by the Seller
                                         shall be performed at the Buyer’s expense. The Buyer shall cause any BFE supplier approved
                                         under this Clause 18.1.1.2 (each an “Approved BFE Supplier”)
                                         to comply with the conditions set forth in this Clause 18 and specifically Clause
                                         18.2.



 


			Except for the specific purposes of this Clause 18.1.1.2, the term “BFE Supplier” shall be deemed to include Approved
BFE Suppliers.



 


		18.1.2.1	The Seller shall advise the Buyer
                                         of the dates by which, in the planned release of engineering for the Aircraft, the Seller
                                         requires a written detailed engineering definition, encompassing a Declaration of Design
                                         and Performance (the “BFE Engineering Definition”). The Seller
                                         shall provide to the Buyer and/or the BFE Supplier(s), within an appropriate timeframe,
                                         the necessary interface documentation to enable the development of the BFE Engineering
                                         Definition.



 


The BFE Engineering Definition shall include the
description of the dimensions and weight of BFE, the information related to its certification and the information necessary for
the installation and operation thereof, including when applicable 3D models compatible with the Seller’s systems. The Buyer shall
furnish, or cause the BFE Suppliers to furnish, the BFE Engineering Definition by the dates specified.


 


Thereafter, the BFE Engineering
Definition shall not be revised, except through an SCN executed in accordance with Clause 2.


 


		18.1.2.2	The
                                         Seller shall also provide in due time to the Buyer a schedule of dates and the shipping
                                         addresses for delivery of the BFE and, where requested by the Seller, additional spare
                                         BFE to permit installation in the Aircraft and Delivery of the Aircraft in accordance
                                         with the Aircraft delivery schedule. The Buyer shall provide, or cause the BFE Suppliers
                                         to provide, the BFE by such dates in a serviceable condition, in order to allow performance
                                         of any assembly, installation. test or acceptance process in accordance with the Seller’s
                                         industrial schedule. In order to facilitate the follow-up of the timely receipt of BFE,
                                         the Buyer shall, upon the Seller’s request, provide to the Seller dates and references
                                         of all BFE purchase orders placed by the Buyer.



 


The Buyer shall also provide, when requested by the
Seller, at AIRBUS OPERATIONS S.A.S. works in TOULOUSE (FRANCE) and/or at AIRBUS OPERATIONS GmbH Works in HAMBURG (GERMANY) adequate
field service including support from BFE Suppliers to act in a technical advisory capacity to the Seller in the installation, calibration
and possible repair of any BFE.


 


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		18.1.3	Without prejudice to the Buyer’s obligations hereunder, in order to facilitate the development of the BFE Engineering Definition,
the Seller shall organize meetings between the Buyer and BFE Suppliers. The Buyer hereby agrees to participate in such meetings
and to provide adequate technical and engineering expertise to reach decisions within the defined timeframe.



 


In addition, throughout the development phase and
up to Delivery of the Aircraft to the Buyer, the Buyer agrees:


 


		§	to monitor the BFE Suppliers and ensure that they shall enable the
Buyer to fulfil its obligations, including but not limited to those set forth in the Customization Milestone Chart;



 


		§	that, should a timeframe, quality or other type of risk be identified
at a given BFE Supplier, the Buyer shall allocate resources to such BFE Supplier so as not to jeopardize the industrial schedule
of the Aircraft;



 


		§	for major BFE, *** to participate on a mandatory basis in the
                                                                                                             specific meetings that take place between BFE Supplier selection and BFE delivery, namely:



 


		o	Preliminary Design Review (“PDR”),



 


		o	Critical Design Review (“CDR”);



 


		§	to
                                         attend the First Article Inspection (“FAI”) for the first shipset of all Major
                                         BFE. Should the Buyer not attend such FAI, the Buyer shall delegate the FAI to the BFE
                                         Supplier and confirmation thereof shall be supplied to the Seller in writing;



 


		§	to
                                         attend the Source Inspection (“SI”) that takes place at the BFE Supplier’s
                                         premises prior to shipping, for each shipset of all Major BFE. Should the Buyer not attend
                                         such SI, the Buyer shall delegate the SI to the BFE Supplier and confirmation
                                         thereof shall be brought to the Seller in writing. Should the Buyer not attend the SI,
                                         the Buyer shall be deemed to have accepted the conclusions of the BFE Supplier with respect
                                         to such SI.



 


The Seller shall be entitled to attend the PDR, the
CDR and the FAI. In doing so, the Seller’s employees shall be acting in an advisory capacity only and at no time shall they be
deemed to be acting as Buyer’s employees or agents, either directly or indirectly.


 


		18.1.4	The BFE shall be imported into FRANCE or into GERMANY or into the PEOPLE’S REPUBLIC OF CHINA by the Buyer under a suspensive
customs system (“Régime de l’entrepôt douanier ou régime de perfectionnement actif” or “Zollverschluss”) without
application of any French or German tax or customs duty, and shall be Delivered At Place (DAP) according to the Incoterms, to the
following shipping addresses:



 


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AIRBUS OPERATIONS S.A.S.


316 Route de Bayonne


31300 TOULOUSE


FRANCE


 


or


 


AIRBUS OPERATIONS GmbH


Kreetslag 10


21129 HAMBURG


GERMANY


 


or


 


AIRBUS Final Assembly Co., Ltd


Tianjin Airport Industry Park


No. 6 West 9 Road


300638 TIANJIN


PEOPLE’S REPUBLIC OF CHINA


 


as specified by the Seller.


 


		18.2	Applicable Requirements



 


The Buyer is responsible for ensuring, at its expense,
and warrants that the BFE shall:


 


		§	be manufactured by a qualified BFE Supplier, and



 


		§	meet the requirements of the applicable Specification of the Aircraft,
and



 


		§	be delivered with the relevant certification documentation, including
but not limited to the DDP, and



 


		§	comply with the BFE Engineering Definition, and



 


		§	comply with applicable requirements incorporated by reference to the
Type Certificate and listed in the Type Certificate Data Sheet, and



 


		§	be approved by the Aviation Authority issuing the Export Airworthiness
Certificate and by the Buyer’s Aviation Authority for installation and use on the Aircraft at the time of Delivery of the Aircraft,
and



 


		§	not infringe any patent, copyright or other intellectual property
right of the Seller or any third party, and



 


		§	not be subject to any legal obligation or other encumbrance that may
prevent, hinder or delay the installation of the BFE in the Aircraft and/or the Delivery of the Aircraft.



 


The Seller shall be entitled
to refuse any item of BFE that it considers incompatible with the Specification, the BFE Engineering Definition or the
certification requirements.


 


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		18.3	Buyer’s Obligation and Seller’s Remedies



 


		18.3.1	Any
                                         delay or failure by the Buyer or the BFE Suppliers in:



 


		§	complying
                                         with the foregoing warranty or in providing the BFE Engineering Definition or
                                         field service mentioned in Clause 18.1.2.2, or



 


		§	furnishing the BFE in a serviceable condition at the requested delivery
date, or



 


		§	obtaining any required approval for such BFE equipment under the above
mentioned Aviation Authorities’ regulations,



 


may delay the performance of any act to be performed
by the Seller, including Delivery of the Aircraft. The Seller shall not be responsible ***


 


		18.3.2	In addition, in the event of any delay or failure mentioned in 18.3.1 above, the Seller may:



 





***





 


		18.4	Title and Risk of Loss



 


Title to and risk of loss of
any BFE shall at all times remain with the Buyer except that risk of loss (limited to cost of replacement of said BFE) shall be
with the Seller for as long as such BFE is under the care, custody and control of the Seller.


 


		18.5	Disposition of BFE Following Termination



 


		18.5.1	If
                                         a termination of this Agreement pursuant to the provisions of Clause 20 occurs
                                         with respect to an Aircraft in which all or any part of the BFE has been installed prior
                                         to the date of such termination, the Seller shall be entitled, but not required, to remove
                                         all items of BFE that can be removed without damage to the Aircraft and to undertake
                                         commercially reasonable efforts to facilitate the sale of such items of BFE to
                                         other customers, ***



 


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		18.5.2	The Buyer shall cooperate with the Seller *** to Clause 18.5.1 and shall be responsible for***



 


		18.5.3	The Seller shall notify the Buyer as to those items of BFE ***



 


		18.5.4	The Buyer shall have no claim against the Seller for damage to or destruction of any item of BFE damaged or destroyed in the
process of being removed from the Aircraft, provided that the Seller shall use reasonable care in such removal.



 


		18.5.5	The Buyer shall grant the Seller title to any BFE items that cannot be removed from the Aircraft without causing damage to
the Aircraft or rendering any system in the Aircraft unusable.



 


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		19	INDEMNIFICATION AND INSURANCE



 


		19.1	Indemnities Relating to Inspection, Technical Acceptance Process and Ground Training



 


		19.1.1	The Seller shall, except in case of Gross Negligence or wilful misconduct of the Buyer, its Affiliates, its directors, officers,
agents or employees, be solely liable for and shall indemnify and hold harmless the Buyer, its Affiliates and each of their respective
directors, officers, agents, employees and insurers from and against all liabilities, claims, damages, costs and expenses (including
legal expenses and attorney fees) in respect of:



 


		(i)	loss of, or damage to, the Seller’s property;



 


		(ii)	injury to, or death of, the directors, officers, agents or employees of the Seller;



 


		(iii)	any damage caused by the Seller to third parties arising out of, or in any way connected with, any ground check, check or controls
under Clause 6 or Clause 8 of this Agreement and/or Ground Training Services ; and



 


		(iv)	any damage caused by the Buyer and/or the Seller to third parties arising out of, or in any way connected with, technical acceptance
flights under Clause 8 of this Agreement.



 


		19.1.2	The Buyer shall, except in case of Gross Negligence or wilful misconduct of the Seller, its Affiliates, its directors, officers,
agents or employees, be solely liable for and shall indemnify and hold harmless the Seller, its Affiliates and each of their respective
directors, officers, agents, employees, sub-contractors and insurers from and against all liabilities, claims, damages, costs and
expenses (including legal expenses and attorney fees) in respect of:



 


		(i)	loss of, or damage to, the Buyer’s property;



 


		(ii)	injury to, or death of, the directors, officers, agents or employees of the Buyer; and



 


		(iii)	any damage caused by the Buyer to third parties arising out of, or in any way connected with, any ground check, check or controls
under Clause 6 or Clause 8 of this Agreement and/or Ground Training Services.



 


		19.2	Indemnities Relating to Training on Aircraft after Delivery



 


		19.2.1	The Buyer shall, except in the case of Gross Negligence or wilful misconduct of the Seller, its Affiliates, its directors,
officers, agents and employees, be solely liable for and shall indemnify and hold harmless the Seller, its Affiliates and each
of their respective directors, officers, agents, employees, sub-contractors and insurers from and against all liabilities, claims,
damages, costs and expenses (including legal expenses and attorney fees) incident thereto or incident to successfully establishing
the right to indemnification in respect of:



 


		(i)	injury to, or death of, any person (including any of the Buyer’s directors, officers, agents and employees, but not directors,
officers, agents and employees of the Seller); and



 


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		(ii)	loss of, or damage to, any property and for loss of use thereof (including the aircraft on which the Aircraft Training Services
are performed),



 


arising out of, or in any way connected with, the
performance of any Aircraft Training Services.


 


		19.2.2	The foregoing indemnity shall not apply with respect to the Seller’s legal liability towards any person other than the Buyer,
its directors, officers, agents or employees arising out of an accident caused solely by a product defect in the Aircraft delivered
to and accepted by the Buyer hereunder.



 


		19.3	Indemnities relating to Seller Representatives Services



 


		19.3.1	The Buyer shall, except in case of Gross Negligence or wilful misconduct of the Seller, its Affiliates, its directors, officers,
agents or employees, be solely liable for and shall indemnify and hold harmless the Seller, its Affiliates and each of their respective
directors, officers, agents, employees, sub-contractors and insurers from and against all liabilities, claims, damages, costs and
expenses (including legal expenses and attorney fees) in respect of:



 


		(i)	injury to, or death of, any person (except Seller’s Representatives); and



 


		(ii)	loss of, or damage to, any property and for loss of use thereof; 



 


arising out of, or in any way connected with the Seller’s
Representatives Services.


 


		19.3.2	The Seller shall, except in case of Gross Negligence or wilful misconduct of the Buyer, its Affiliates,
its directors, officers, agents or employees, be solely liable for and shall indemnify and hold harmless the Buyer, its Affiliates
and each of their respective directors, officers, agents, employees and insurers from and against all liabilities, claims, damages,
costs and expenses (including legal expenses and attorney fees) in respect of all injuries to, or death of, the Seller’s Representatives
arising out of, or in any way connected with the Seller’s Representatives Services.



 


		19.4	Insurances



 


To the extent of the Buyer’s undertaking set forth
in Clause 19.2.1, for all training periods on aircraft, the Buyer shall:


 


		(i)	cause the Seller, its directors, officers, agents, employees, Affiliates and sub-contractors, and their respective insurers,
to be named as additional insureds under the Buyer’s Comprehensive Aviation Legal Liability insurance policies, including War Risks
and Allied Perils such insurance shall include the AVN 52E Extended Coverage Endorsement Aviation Liabilities as well as additional
coverage in respect of War and Allied Perils Third Parties Legal Liabilities Insurance; and



 


		(ii)	with respect to the Buyer’s Hull All Risks and Hull War Risks insurances and Allied Perils,
cause the insurers of the Buyer’s hull insurance policies to waive all rights of subrogation against the Seller, its directors,
officers, agents, employees, Affiliates and sub-contractors, and their respective insurers.



 


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Any applicable deductible shall be borne by the Buyer.


 


With respect to the
above policies, the Buyer shall furnish to the Seller, not less than *** prior to the start of any such training period, certificates
of insurance from the Buyer’s insurance broker(s), in English, evidencing the limit of liability cover and period of insurance
in a form acceptable to the Seller certifying that such policies have been endorsed as follows:


 


		(i)	under the Comprehensive Aviation Legal Liability Insurances, the Buyer’s policies are primary and non-contributory to any insurance
maintained by the Seller;



 


		(ii)	such insurance can only be cancelled or materially altered by the giving of not less than *** prior written notice
                                                                 thereof to the Seller; and



 


		(iii)	under any such cover, all rights of subrogation against the Seller, its directors, officers, agents, employees, Affiliates
and sub-contractors, and their respective insurers, have been waived to the extent of the Buyer’s undertaking and specifically
referring to Clause 19.2.1 and to this Clause 19.4.



 


		19.5	Notice of Claims



 


If any claim is made or suit is brought against either
party (or its respective directors, officers, agents, employees, Affiliates and sub-contractors) for damages for which liability
has been assumed by the other party in accordance with the provisions of this Agreement, the party against which a claim is so
made or suit is so brought shall promptly give notice to the other party, and the latter shall (unless otherwise requested by the
party against which a claim is so made or suit is so brought, in which case the other party nevertheless shall have the right to)
assume and conduct the defence thereof, or effect any settlement which it, in its opinion, deems proper.


 


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		20	TERMINATION



 


		20.1	Termination for Insolvency



 


In the event that either the Seller or the Buyer:


 


		(a)	makes a general assignment for the benefit of creditors or becomes insolvent;



 


		(b)	files a voluntary petition in bankruptcy;



 


		(c)	petitions for or acquiesces in the appointment of any receiver, trustee or similar officer to liquidate or conserve its business
or any substantial part of its assets;



 


		(d)	commences under the laws of any competent jurisdiction any proceeding involving its insolvency, bankruptcy, readjustment of
debt, liquidation or any other similar proceeding for the relief of financially distressed debtors;



 


		(e)	becomes the object of any proceeding or action of the type described in (c) or (d) above and such proceeding or action remains
undismissed or unstayed for a period of at least sixty (60) days; or



 


		(f)	is divested of a substantial part of its assets for a period of at least sixty (60) days,



 


then the other party may, to the full extent permitted
by law, by written notice, terminate all or part of this Agreement.


 


		20.2	Termination for Non-Payment of Predelivery Payments



 


If for any Aircraft the Buyer fails to make any Predelivery
Payments at the time, in the manner and in the amount specified in Clause 5.3 the Seller may, by written notice, terminate all
or part of this Agreement with respect to undelivered Aircraft.


 


		20.3	Termination for Failure to Take Delivery



 


If the Buyer fails to comply with its obligations
as set forth under Clause 8 and/or Clause 9, or fails to pay the Final Price of the Aircraft, the Seller shall have the right to
put the Buyer on notice to do so within a period of *** after the date of such notification.


 


If the Buyer has not cured such default within such
period, the Seller may, by written notice, terminate all or part of this Agreement with respect to undelivered Aircraft.


 


All costs referred to in Clause 9.2.3 and relating
to the period between the notified date of delivery (as referred to in Clause 9.2.1) and the date of termination of all or part
of this Agreement shall be ***.


 


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Clause 20 – Page 1/2


 




    	 



    	 



    

 


		20.4	Termination for Default under other Agreements



 


***


 


		20.5	General



 


		20.5.1	To the full extent permitted by law, the termination of all or part of this Agreement pursuant to Clauses 20.1, 20.2, 20.3
and 20.4 shall become effective immediately upon receipt by the relevant party of the notice of termination sent by the other party
without it being necessary for either party to take any further action or to seek any consent from the other party or any court
or arbitral panel having jurisdiction.



 


		20.5.2	The right for either party under Clause 20.1 and for the Seller under Clauses 20.2, 20.3, and 20.4 to terminate all or part
of this Agreement shall be without prejudice to any other rights and remedies available to such party to seek termination of all
or part of this Agreement before any court or arbitral panel having jurisdiction pursuant to any failure by the other party to
perform its obligations under this Agreement.



 


		20.5.3	If the party taking the initiative of terminating this Agreement decides to terminate part of it only, the notice sent to the
other party shall specify those provisions of this Agreement which shall be terminated.



 


		20.5.4	In the event of termination of this Agreement following a default from the Buyer, including but not limited to a default under
Clauses 20.1, 20.2, 20.3 and 20.4, the Seller without prejudice to any other rights and remedies available under this Agreement
or by law, shall retain all predelivery payments, commitment fees, option fees and any other monies paid by the Buyer to the Seller
under this Agreement and corresponding to the Aircraft, services, data and other items covered by such termination.



 


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		21	ASSIGNMENTS AND TRANSFERS



 


		21.1	Assignments by Buyer



 


Except as hereinafter provided, the Buyer may not
sell, assign, novate or transfer its rights and obligations under this Agreement to any person without the prior written consent
of the Seller.


 


		21.1.1	Assignments for Predelivery Financing



 


The Buyer shall be entitled to assign its rights
under this Agreement at any time in order to provide security for the financing of any Predelivery Payments subject to such assignment
being in form and substance acceptable to the Seller.


 


		21.1.2	Assignments for Delivery Financing



 


The Buyer shall be entitled to assign its
rights under this Agreement at any time in connection with the financing of its obligation to pay the Final Price subject to such
assignment being in form and substance acceptable to the Seller.


 


		21.2	Assignments by Seller



 


The Seller may at any time sell, assign, novate or
transfer its rights and obligations under this Agreement to any person, provided such sale, assignment or transfer be notified
to Buyer and shall not have a material adverse effect on any of Buyer’s rights and obligations under this Agreement.


 


		21.2.1	Transfer of Rights and Obligations upon Restructuring



 


In the event that the Seller is subject to a corporate
restructuring having as its object the transfer of, or succession by operation of law in, all or a substantial part of its assets
and liabilities, rights and obligations, including those existing under this Agreement, to a person (“the Successor”)
under the control of the ultimate controlling shareholders of the Seller at the time of that restructuring, for the purpose
of the Successor carrying on the business carried on by the Seller at the time of the restructuring, such restructuring shall be
completed without consent of the Buyer following notification by the Seller to the Buyer in writing. The Buyer recognises that
succession of the Successor to the Agreement by operation of law, which is valid under the law pursuant to which that succession
occurs, shall be binding upon the Buyer.


 


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	 	Clause 21 - Page 1/1 	 


 




    	 



    	 



    

 


		22	MISCELLANEOUS PROVISIONS



 


		22.1	Data Retrieval



 


On the Seller’s reasonable request, the Buyer shall
provide the Seller with all the necessary data, as customarily compiled by the Buyer and pertaining to the operation of the Aircraft,
to assist the Seller in making an efficient and coordinated survey of all reliability, maintenance, operational and cost data with
a view to monitoring the efficient and cost effective operations of the Airbus fleet worldwide.


 


		22.2	Notices



 


All notices and requests required or authorized hereunder
shall be given in writing either by personal delivery to an authorized representative of the party to whom the same is given or
by registered mail (return receipt requested), express mail (tracking receipt requested) or by facsimile, to be confirmed by subsequent
registered mail, and the date upon which any such notice or request is so personally delivered or if such notice or request is
given by registered mail, the date upon which it is received by the addressee or, if given by facsimile, the date upon which it
is sent with a correct confirmation printout, provided that if such date of receipt is not a Business Day notice shall be deemed
to have been received on the first following Business Day, shall be deemed to be the effective date of such notice or request.


 


Seller’s address for notices is:


 


AIRBUS


Attention to V. P. Contracts


1 Rond-Point Maurice Bellonte


31707 Blagnac Cedex


France


 


Buyer’s address for notices is:


 


CHINA EASTERN AIRLINES CORPORATION LIMITED


Attention to V.P. Fleet Planning


Hongqiao International Airport,


No.2550 Hongqiao Road,


Shanghai 200335,


People’s Republic of China


 


With a copy to


 


CHINA EASTERN AVIATION IMPORT & EXPORT CORPORATION


Attention to General Manager


Hongqiao International Airport,


No.2550 Hongqiao Road,


Shanghai 200335,


People’s Republic of China


 


or such other address or such other person as the
party receiving the notice or request may reasonably designate from time to time.


 


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		22.3	Waiver



 


The failure of either party to enforce at any time
any of the provisions of this Agreement, or to exercise any right herein provided, or to require at any time performance by the
other party of any of the provisions hereof, shall in no way be construed to be a present or future waiver of such provisions nor
in any way to affect the validity of this Agreement or any part thereof or the right of the other party thereafter to enforce each
and every such provision. The express waiver (whether made one (1) or several times) by either party of any provision, condition
or requirement of this Agreement shall not constitute a waiver of any future obligation to comply with such provision, condition
or requirement.


 


		22.4	Law and Jurisdiction



 


		22.4.1	This Agreement shall be governed by and construed in accordance with the laws of England.



 


		22.4.2	Any dispute arising out of or in connection with this Agreement, including but not limited to its existence, validity, interpretation,
implementation, breach, termination and/or enforcement, shall be referred to and finally settled by arbitration by the International
Chamber of Commerce, under the Rules of Arbitration of the International Chamber of Commerce, which are deemed to be part of this
Agreement, by three (3) arbitrators appointed in accordance with such rules.



 


Arbitration shall take place in London in the English
language.


 


		22.5	Contracts (Rights of Third Parties) Act 1999



 


The parties do not intend that any term of this Agreement
shall be enforceable solely by virtue of the Contracts (Rights of Third Parties) Act 1999 by any person who is not a party to this
Agreement.


 


		22.6	International Supply Contract



 


The Buyer and the Seller recognise that this Agreement
is an international supply contract which has been the subject of discussion and negotiation, that all its terms and conditions
are fully understood by the parties, and that the Specification and price of the Aircraft and the other mutual agreements of the
parties set forth herein were arrived at in consideration of, inter alia, all the provisions hereof specifically including all
waivers, releases and renunciations by the Buyer set out herein.


 


The Buyer and the Seller hereby also agree that the
United Nations Convention on Contracts for the International Sale of Goods shall not apply to this transaction.


 


		22.7	Severability



 


In the event that any provision of this Agreement
should for any reason be held ineffective, the remainder of this Agreement shall remain in full force and effect. To the extent
permitted by applicable law, each party hereto hereby waives any provision of law, which renders any provision of this Agreement
prohibited or unenforceable in any respect.


 


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		22.8	Alterations to Contract



 


This Agreement contains the entire agreement between
the parties with respect to the subject matter hereof and supersedes any previous understandings, commitments or representations
whatsoever oral or written in respect thereto. This Agreement shall not be varied except by an instrument in writing of date even
herewith or subsequent hereto executed by both parties or by their duly authorised representatives.


 


		22.9	Language



 


All correspondence, documents and any other written
matters in connection with this Agreement shall be in English.


 


		22.10	Counterparts



 


This Agreement has been executed in three (3) original
copies.


 


Notwithstanding the above, this Agreement 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 Agreement.


 


		22.11	Inconsistencies



 


In the event of any inconsistency between the terms
of this Agreement and the terms contained in either (i) the Specification, or (ii) any other Exhibit, in each such case the terms
of this Agreement shall prevail over the terms of the Specification or any other Exhibit. For the purpose of this Clause 22.11,
the term Agreement shall not include the Specification or any other Exhibit hereto.


 


		22.12	Confidentiality



 


For the purpose of this Clause 22.12, the term “Buyer”
shall be deemed to include a reference to the Consenting Party.


 


This Agreement including any Exhibits, other documents
or data exchanged between the Buyer and the Seller for the fulfillment of their respective obligations under the Agreement shall
be treated by both Parties as confidential and shall not be released in whole or in part to any third party except as may be required
by law, by legal proceedings, or by listing rules, or to auditors, legal or tax advisors for the purpose of implementation hereof.


 


In particular, both Parties agree:


 


		-	not to make any press release concerning the whole or any part of the contents and/or subject matter hereof or of any future
addendum hereto without the prior written consent of the other Party hereto.



 


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		-	that any and all terms and conditions
                                         of the transaction contemplated in this Agreement are strictly personal and exclusive
                                         to each Party (the “Personal Information”). Each Party therefore agrees
                                         to enter into consultations with the other Party reasonably in advance of any required
                                         disclosure of Personal Information to financial institutions, including operating lessors,
                                         investment banks and their agents or other relevant institutions for aircraft sale and
                                         leaseback or any other Aircraft or Predelivery Payment financing purposes (the “Receiving
                                         Party”).



 


Without prejudice to the foregoing, any disclosure
of Personal Information to a Receiving Party shall be subject to written agreement between the Buyer and the Seller, including
in particular, but not limited to:


 


		(i)	the contact details of the Receiving Party,



		(ii)	the extent of the Personal Information subject to disclosure,



		(iii)	the Aircraft pricing to be provided to the Receiving Party.



 


Furthermore, each Party shall use its best efforts
to limit the disclosure of the contents of this Agreement to the extent legally permissible in any filing required to be made by
any Party with any governmental or regulatory agency, including under listing rules and as required by legal proceedings.


 


Each Party agrees that prior to any such disclosure
or filing, the Seller and the Buyer shall jointly review and agree on the terms and conditions of the document to be filed or disclosed.


 


The provisions of this Clause 22.12 shall survive
any termination of this Agreement for a period of twelve (12) years after the date of Delivery of the last Aircraft to be delivered
under the Agreement.


 


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IN WITNESS WHEREOF this Agreement was entered into the day and
year first above written.


 


	Agreed and Accepted 	 	Agreed and Accepted 
	For and on behalf of	 	For and on behalf of
	 	 	 
	CHINA EASTERN AIRLINES CORPORATION LIMITED	 	AIRBUS S.A.S.
	 	 	 	 	 
	Signature:	/s/ Tang Bing	 	Signature:	/s/ Christophe Mourey
	 	 	 	 	 
	Name:	Tang Bing	 	Name:	Christophe Mourey
	 	 	 	 	 
	Title:	Vice-President	 	Title:	Senior Vice President Contracts


 


	Witnessed and acknowledged for	 	 
	 	 	 
	CHINA EASTERN AVIATION IMPORT &
    EXPORT CORPORATION	 	 
	 	 	 	 
	Signature:	/s/ Bien Zhiheng	 	 
	 	 	 	 
	Name:	Bien Zhiheng	 	 
	 	 	 	 
	Title:	Chairman	 	 


 


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Clause 22 – Page 5/5


 




    	 



    	 



    

 


 


EXHIBIT A


 


EXHIBIT A


 


SPECIFICATION


 


The A320 Standard Specification is contained
in a separate folder.


 


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    	Exhibit A – Page 1/1



    	 



    

 


APPENDIX 1 to EXHIBIT A


 


List of IRREVOCABLE SCNs for NEO Aircraft


	***	 	***	 	***	 	***
	***	 	***	 	***	 	***	 	***
	***	 	***	 	***	 	***	 	***
	***	 	***	 	***	 	***	 	***
	***	 	***	 	***	 	***	 	***
	***	 	 	 	***	 	***	 	***



 


***


***


  


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    	Appendix 1 to Exhibit A - Page 1/1



    	 



    

  


EXHIBIT B1


 


FORM OF A SPECIFICATION CHANGE NOTICE


 


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    	Exhibit B1 - Page 1/4



    	 



    

 


EXHIBIT B1


 


	
        

         

        SPECIFICATION CHANGE NOTICE

         

        (SCN)
	
        For

         

        SCN Number

        Issue

        Dated

        Page



 


Title :


 


Description :


 


Remarks / References


 


Specification changed by this SCN


 


This SCN requires prior or concurrent acceptance
of the following SCN (s):


 


Price
per aircraft


 


US DOLLARS:


AT DELIVERY CONDITIONS:


 


This change will be effective
on
                             
AIRCRAFT N°
                             
and subsequent.


 


Provided approval is received by


 


	Buyer approval	Seller approval
	 	 	 	 
	By :	 	By :	 
	 	 	 	 
	Date :	 	Date :	 


 


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    	Exhibit B1 - Page 2/4



    	 



    

 


EXHIBIT B1


 


	
        

         

        SPECIFICATION CHANGE NOTICE

         

        (SCN)
	
        For

         

         

        SCN Number

        Issue

        Dated

        Page



 


Specification repercussion:


After contractual agreement with respect to weight,
performance, delivery, etc, the indicated part of the specification wording will read as follows:


 


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    	Exhibit B1 - Page 3/4



    	 



    

 


EXHIBIT B1


 


	
        

         

        SPECIFICATION CHANGE NOTICE

         

        (SCN)
	
        For

         

         

        SCN Number

        Issue

        Dated

        Page



 


Scope of change (FOR INFORMATION ONLY)


 


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    	Exhibit B1 - Page 4/4



    	 



    

 


EXHIBIT B2


 


FORM OF A MANUFACTURER’S SPECIFICATION
CHANGE NOTICE


 


 


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    	Exhibit B2 - Page 1/4



    	 



    

 


EXHIBIT B2


 


	
        

         

        MANUFACTURER’S SPECIFICATION

        CHANGE NOTICE

         

        (MSCN)
	
        For

         

         

        MSCN Number

        Issue

        Dated

        Page



 


Title :


 


Description :


 


Effect on weight :


		·	Manufacturer’s Weight Empty change :



		·	Operational Weight Empty change :



		·	Allowable Payload change :



 


Remarks / References


 


Specification changed by this MSCN


 


Price per aircraft


 


US DOLLARS:


AT DELIVERY CONDITIONS:


 


This change will be effective on AIRCRAFT N° and subsequent.


 


Provided MSCN is not rejected by


 


 


	Buyer approval	Seller approval
	 	 	 	 
	By :	 	By :	 
	 	 	 	 
	Date :	 	Date :	 


 


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    	Exhibit B2 - Page 2/4



    	 



    

 


EXHIBIT B2


 


	
        

         

        MANUFACTURER’S SPECIFICATION

        CHANGE NOTICE

         

        (MSCN)
	
        For

         

         

        MSCN Number

        Issue

        Dated

        Page



 


Specification repercussion:


After contractual agreement with respect to weight,
performance, delivery, etc, the indicated part of the specification wording will read as follows:


 


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    	Exhibit B2 - Page 3/4



    	 



    

 


EXHIBIT B2


 


	
        

         

        MANUFACTURER’S SPECIFICATION

        CHANGE NOTICE

         

        (MSCN)
	
        For

         

         

        MSCN Number

        Issue

        Dated

        Page



 


Scope of change (FOR INFORMATION ONLY)


 


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    	Exhibit B2 - Page 4/4



    	 



    

 


EXHIBIT C


 


		PART 1	AIRFRAME PRICE REVISION FORMULA



 


		1	***



***


 


		2	***



***


 


		3	***



***


 


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    	Exhibit C - PART 1 Page 1/3



    	 



    

 


EXHIBIT C


 


		4	***



  





		5	***



 


		5.1	***









 


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Exhibit C - PART 1 Page 2/3


 




    	 



    	 



    

  


EXHIBIT C


 


		5.2	***



  


		5.3	***



 





		5.4	***









 


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Exhibit C - PART 1 Page 3/3


 




    	 



    	 



    




 


EXHIBIT C


 


		PART 2	PROPULSION SYSTEMS PRICE REVISION FORMULA



(A) CFM INTERNATIONAL


 


		1.	***



 





		2.	***



 





		3.	***









 


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Exhibit C - PART 2 – CFM Page 1/3


 




    	 



    	 



    

  


EXHIBIT
C


 


		4.	***






 





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Exhibit C - PART 2 – CFM Page 2/3


 




    	 



    	 



    

  


EXHIBIT C


 


		5.	***



 


		5.1	***



 





		5.2	***



  


		5.3	***



  


		5.4	***



  


		5.5	***






 


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Exhibit C - PART 2 – CFM Page 3/3


 




    	 



    	 



    

  


EXHIBIT C


 


		PART2	PROPULSION SYSTEMS PRICE REVISION FORMULA



(B) PRATT AND WHITNEY


 


		1	***



  


		2	***



 





		3	***



 





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Exhibit C - PART 2 – PW Page 1/4


 




    	 



    	 



    

  


EXHIBIT C


 


***


 


		4	***



  


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Exhibit C - PART 2 – PW Page 2/4





 




    	 



    	 



    

 


EXHIBIT
C


 


		5.	***



 


		5.1	***



 


		5.2	***



  


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Exhibit C - PART 2 – PW Page 3/4


 




    	 



    	 



    

  


EXHIBIT C


 


		5.3	***






 


		5.4	***



 


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EXHIBIT D


 


CERTIFICATE OF ACCEPTANCE


 


In accordance with the
terms of clause 8 of the purchase agreement dated [day] [month] [year] and made between China Eastern Airlines
Corporation Limited (the “Customer”) and Airbus S.A.S. as amended and supplemented from time to
time (the “Purchase Agreement”), the technical acceptance tests relating to one Airbus
A3_-_ aircraft, bearing manufacturer’s serial number _, and registration
mark _(the “Aircraft”) have taken place in [Tianjin/Blagnac/Hamburg].


 


In view of said tests having
been carried out with satisfactory results, the Customer [as agent of [insert the name of the lessor/SPC] (the “Owner”)
pursuant to the [purchase agreement assignment] dated [day] [month] [year], between the Customer and the Owner] hereby approves
the Aircraft as being in conformity with the provisions of the Purchase Agreement and accepts the Aircraft for delivery in accordance
with the provisions of the Purchase Agreement.


 


Such acceptance shall not impair
the rights that may be derived from the warranties relating to the Aircraft set forth in the Purchase Agreement.


 


Any right at law or otherwise to revoke this acceptance
of the Aircraft is hereby irrevocably waived.


 


IN WITNESS WHEREOF, the
Customer, [as agent of the Owner] has caused this instrument to be executed by its duly authorised representative this ______
day of [month], [year] in [Tianjin/Blagnac/Hamburg].


 


The Customer [as agent of the Owner]


 


Name:


 


Title:


 


Signature:


 


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EXHIBIT E


 


BILL OF SALE


 


Know all men by these presents that Airbus
S.A.S., a Société par Actions Simplifiée
existing under French law and having its principal office at 1 rond-point Maurice Bellonte, 31707 Blagnac Cedex, FRANCE (the “Seller”),
was this [day] [month] [year] the owner of the title to the following airframe (the
“Airframe”), the propulsion systems as specified (the “Propulsion Systems”) and all
appliances, components, parts, instruments, accessories, furnishings, modules and other equipment of any nature, excluding buyer
furnished equipment (“BFE”), incorporated therein, installed thereon or attached thereto on the date
hereof (the “Parts”):


 


	
        AIRFRAME:

         

        AIRBUS Model A3_-_

         

         

        MANUFACTURER’S 

SERIAL NUMBER:     _

         

        REGISTRATION
MARK:    _
	
        [ENGINES/PROPULSION
        SYSTEMS]:

         

        [Insert name of engine or propulsion system manufacturer]
        Model _

         

        ENGINE
        SERIAL NUMBERS:

        LH: _

        RH: _



 


[and [had] such title
to the BFE as was acquired by it from [insert name of vendor of the BFE] pursuant to a bill of sale dated ____ [month] [year]
(the “BFE Bill of Sale”)].


 


The Airframe, Propulsion Systems and Parts are hereafter together
referred to as the “Aircraft”.


 


The Seller did this ____ day of [month]
[year], sell, transfer and deliver all of its above described rights, title and interest in and to the Aircraft [and the BFE]
to the following entity and to its successors and assigns forever, said Aircraft [and the BFE] to be the property thereof:


 


[Insert Name/Address
of Buyer] 

(the “Buyer”)


 


The Seller hereby warrants to the Buyer,
its successors and assigns that it had good and lawful right to sell, deliver and transfer title to the Aircraft to the Buyer
and that there was conveyed to the Buyer good, legal and valid title to the Aircraft, free and clear of all liens, claims, charges,
encumbrances and rights of others and that the Seller will warrant and defend such title forever against all claims and demands
whatsoever [and (ii) such title to the BFE as Seller has acquired from [insert name of vendor of the BFE] pursuant
to the BFE Bill of Sale].


 


This Bill of Sale shall be governed by and construed in accordance
with the laws of England.


 


IN WITNESS WHEREOF, the undersigned has caused this instrument
to be executed by its duly authorized representative this ___ day of [month], [year] in [Tianjin/Blagnac/Hamburg].


 


AIRBUS S.A.S.


 


Name:

Title:


Signature:


 


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Exhibit E - Page 1/1


 




    	 



    	 



    

  


EXHIBIT F


 


EXHIBIT F


 


SERVICE LIFE POLICY


 


LIST OF ITEMS


 


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Exhibit F - Page 1/4


 




    	 



    	 



    

  


EXHIBIT F


 


SELLER SERVICE LIFE POLICY


 


		1	***



 


		2	***



 


		2.1	***



 


		2.1.1	***



 


		2.1.2	***



 


		2.1.3	***



 


		2.2	***



 


		2.2.1	***



 


		2.2.2	***



 


		2.2.3	***



 


		2.2.4	***



 


		2.3	***



 


		2.3.1	***



 


		2.3.1.1	***



 


		2.3.1.2	***



 


		2.3.2	***



 


		2.3.2.1	***



 


		2.3.2.2	***



 


		2.3.3	***



 


		2.3.3.1	***



 


		2.3.3.2	***



 


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Exhibit F - Page 2/4


 




    	 



    	 



    

  


EXHIBIT F


 


		2.4	***



 


		2.4.1	***



 


		2.4.1.1	***



 


		2.4.1.2	***



 


		2.4.1.3	***



 


		2.4.1.4	***



 


		3	***



 


		3.1	***



 


		3.1.1	***



 


		3.1.2	***



 


		3.1.3	 ***



 


		3.1.4	***



 


		3.1.5	***



 


		3.1.6	***



 


		3.1.7	***



 


		3.1.8	***



 


		3.2	***



 


		3.2.1	***



 


		3.2.2	***



 


		3.2.3	***



 


 


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EXHIBIT F


 


		4	***



 


		4.1	***



 


		4.1.1	***



 


		4.1.2	***



 


		4.1.3	***



 


		4.1.4	***



 


		4.1.5	***



 


		4.1.5.1	***



 


		4.1.5.2	***



 


		4.2	***



 


		4.2.1	***



 


		4.2.2	***



 


		4.2.3	***



 


		4.2.4	***



 


		4.2.5	***



 


		4.2.5.1	***



 


		4.2.5.2	***



 


		5	***



   


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EXHIBIT G


 


TECHNICAL DATA & SOFTWARE


 


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EXHIBIT
G


 


TECHNICAL DATA & SOFTWARE


***


 


		***	***



  


		***	***



  


		***	***






 


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EXHIBIT
G


 


		2	***



  


		***	***



 





		***	***



 





		***	***



  


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EXHIBIT G


 


		4	***



 


		***	 ***



 


		***	***









 


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EXHIBIT “H”


 


EXHIBIT “H”


 


MATERIAL


 


SUPPLY AND SERVICES


 


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EXHIBIT “H”


 


		1.	GENERAL



 


		1.1	Scope



 


		1.1.1	This Exhibit “H” defines the terms and conditions for the support and services that
may be offered by the Seller to the Buyer in the area of Material, as such term in defined in Article 1.2.1 hereafter.



 


		1.1.2	References made to Articles
                                         shall refer to articles of this Exhibit “H” unless otherwise specified.



 


		1.1.3	Notwithstanding the definition set forth in Clause 12.3.1 of the Agreement and for the exclusive
purpose of this Exhibit “H”, the term “Supplier” shall mean any supplier providing any of
the Material listed in Article 1.2.1 hereunder (each a “Supplier Part”).



 


		1.1.4	The term “SPEC 2000”
                                         as used throughout this Exhibit “H” means the “E-Business Specification
                                         for Materiels Management” document published by the Air Transport Association of
                                         America.



 


		1.2	Material Categories



 


		1.2.1	Material covered by this
                                         Exhibit “H” is classified according to the following categories (hereinafter
                                         individually and collectively referred to as “Material”):



 


		(i)	“Seller Parts” (corresponding to Seller’s proprietary Material
bearing a part number of the Seller or Material for which the Seller has the exclusive sales rights);



 


		(ii)	Supplier Parts classified as Repairable Line Maintenance Parts (as defined in SPEC 2000);



 


		(iii)	Supplier Parts classified as Expendable Line Maintenance Parts (as defined in SPEC 2000);



 


		(iv)	Seller and/or Supplier ground support equipment and specific-to-type tools.



 


		1.2.2	Propulsion Systems, engine exchange kits, their accessories and parts, including associated parts,
are not covered under this Exhibit “H” and shall be subject to direct agreements between the Buyer and the relevant
Propulsion System Manufacturer.



 


		1.3	Term



 


During a period commencing on
the date hereof and continuing as long as at least five (5) aircraft of the model of the Aircraft are operated in commercial air
transport service, of which at least one (1) is operated by the Buyer (the “Term”), the Seller shall
maintain, or cause to be maintained, a reasonable stock of Seller Parts.


 


The Seller shall use its reasonable
efforts to obtain a similar service from all Suppliers of Supplier Parts as set forth under Articles 1.2.1 (ii) and (iii) and which
were originally installed on the Aircraft at Delivery.


 


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EXHIBIT “H”


 


		1.4	Airbus Material Center



 


		1.4.1	The Seller has established its material headquarters in Hamburg, Germany (the “Airbus
Material Center”) and shall, during the Term, maintain, or have maintained on its behalf, a central store of Seller Parts.



 


		1.4.2	The Airbus Material Center is operated twenty-four (24) hours per day, seven (7) days per week.



 


		1.4.3	For efficient and prompt deliveries, the Seller and its Affiliates operate a global network of
regional satellite stores (“Regional Satellite Stores”).



 


The Seller reserves the right
to effect deliveries from the Airbus Material Center, from any of the Regional Satellite Stores or from any other production or
Supplier’s facilities.


 


		1.5	Customer Order Desk



 


The Seller operates a “Customer
Order Desk”, the main functions of which are:


 


		(i)	Management of order entries for all priorities, including Aircraft On Ground (“AOG”);



 


		(ii)	Management of order changes and cancellations;



 


		(iii)	Administration of Buyer’s routing instructions;



 


		(iv)	Management of Material returns;



 


		(v)	Clarification of delivery discrepancies;



 


		(vi)	Issuance of credit and debit notes.



 


The Buyer hereby agrees to communicate
its orders for Material to the Customer Order Desk either in electronic format (SPEC 2000) or via the Internet.


 


		1.6	Material and Logistics Support Representative



 


The Seller shall assign one
(1) material and logistics support representative based at the Airbus Material Center to assist with, and coordinate, material
support matters between the Seller and the Buyer during the Term.


 


		1.7	Agreements of the Buyer



 


		1.7.1	During the Term, the Buyer agrees to purchase from the Seller or its licensee(s) the Seller Parts
required for the Buyer’s own needs.



 


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EXHIBIT “H”


 


		1.7.2	Notwithstanding the foregoing, the Buyer may resort to the stocks of Seller Parts of other operators
of the same aircraft type or model or purchase Seller Parts from said operators or from distributors, provided said Seller Parts
were originally designed by the Seller and manufactured by the Seller or its licensees.



 


		1.7.3	Without prejudice to Articles 1.7.1 and 1.7.2, the Buyer may (subject to the express further agreement
of the Seller in relation to Article 1.7.3 (ii) below) manufacture, exclusively for its own use and without paying any license
fee to the Seller, parts equivalent to Seller Parts subject to the existence of one of the following circumstances:



 


		(i)	after expiration of the Term, the concerned Seller Parts are out of stock;



 


		(ii)	Seller Parts are needed to perform confirmed AOG repairs upon any Aircraft delivered under the
Agreement and are not available from the Seller, its licensees or other approved sources within a lead time shorter than or equal
to the time in which the Buyer can manufacture such parts;



 


		(iii)	when a Seller Part is identified as “Local Manufacture” in the Illustrated Parts Catalog
(IPC).



 


		1.7.4.1	The rights granted to the Buyer in Article 1.7.3 shall not in any way be construed as a license,
nor shall they in any way obligate the Buyer to pay any license fee or royalty, nor shall they in any way be construed to affect
the rights of third parties.



 


		1.7.4.2	Furthermore, in the event of the Buyer manufacturing any parts, subject to and in accordance with
the provisions of Article 1.7.3, such manufacturing and any use made of the manufactured parts shall be under the sole liability
of the Buyer and the right given by the Seller under such Article 1.7.3 shall not be construed as express or implicit approval
howsoever either of the Buyer in its capacity of manufacturer of such parts or of the manufactured parts.



 


It shall further be the Buyer’s
sole responsibility to ensure that such manufacturing is performed in accordance with the relevant procedures and Aviation Authority
requirements.


 


THE SELLER SHALL NOT BE LIABLE
FOR, AND THE BUYER SHALL INDEMNIFY THE SELLER AGAINST, ANY CLAIMS FROM ANY THIRD PARTIES FOR LOSSES DUE TO ANY DEFECT OR NON-CONFORMITY
OF ANY KIND, ARISING OUT OF OR IN CONNECTION WITH ANY MANUFACTURING OF ANY PART UNDERTAKEN BY THE BUYER UNDER ARTICLE 1.7.3 OR
ANY OTHER ACTIONS UNDERTAKEN BY THE BUYER UNDER THIS EXHIBIT “H”, WHETHER SUCH CLAIM IS ASSERTED IN CONTRACT OR IN
TORT, OR IS PREMISED ON ALLEGED, ACTUAL, IMPUTED, ORDINARY OR INTENTIONAL ACTS OR OMISSIONS OF THE BUYER.


 


		1.7.4.3	The Buyer shall allocate its own part number to any part manufactured in accordance with Article
1.7.3 above. The Buyer shall under no circumstances be allowed to use, the Airbus part number of the Seller Part to which such
manufactured part is equivalent.



 


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EXHIBIT “H”


 


		1.7.4.4	Notwithstanding any right provided to the Buyer under Article 1.7.3, the Buyer shall not be entitled
to sell or loan any part manufactured under the provisions of Article1.7.3 to any third party.



 


		2.	INITIAL PROVISIONING



 


		2.1	Period



 


The initial provisioning period
commences with the Pre-Provisioning Meeting, as defined in Article 2.2.1 below, and expires on the ninetieth (90th) day after Delivery
of the last Aircraft firmly ordered under the Agreement (“Initial Provisioning Period”).


 


		2.2	Pre-Provisioning Meeting



 


		2.2.1	The Seller shall organize
                                         a pre-provisioning meeting (the “Pre-Provisioning Meeting”) at
                                         the Airbus Material Center, or any other location as may be mutually agreed upon, for
                                         the purpose of defining an acceptable schedule and working procedure for the preparation
                                         of the initial issue of the Provisioning Data and the Initial Provisioning Conference
                                         referred to in Articles 2.3 and 2.4 below.



 


During the Pre-Provisioning
Meeting, the Seller shall familiarize the Buyer with the provisioning processes, methods and formulae of calculation and documentation.


 


		2.2.2	The Pre-Provisioning Meeting
                                         shall take place no later than nine (9) months prior to Scheduled Delivery Month of the
                                         first Aircraft. The date of the meeting shall be mutually agreed upon, allowing a minimum
                                         preparation time of eight (8) weeks for the Initial Provisioning Conference.



 


		2.3	Initial Provisioning Conference



 


The Seller shall organize
an initial provisioning conference at the Airbus Material Center (the “Initial Provisioning Conference”),
the purpose of which shall be to define the agreed material scope and working procedures to accomplish the initial provisioning
of Material (hereinafter “Initial Provisioning”).


 


Such Initial Provisioning Conference
shall take place at the earliest eight (8) weeks after Aircraft Manufacturer Serial Number allocation or Contractual Definition
Freeze, whichever occurs last and latest six (6) months before the Scheduled Delivery Month of the first Aircraft.


 


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EXHIBIT “H”


 


		2.4	Provisioning Data



 


		2.4.1	Provisioning data generally in accordance with SPEC 2000, Chapter 1, for Material defined in Articles
1.2.1 (i) through 1.2.1 (iii) (“Provisioning Data”) shall be supplied by the Seller to the Buyer in English
language, in a format and timeframe to be mutually agreed upon during the Pre-Provisioning Meeting.



 


		2.4.1.1	Unless a longer revision cycle has been mutually agreed upon, the Provisioning Data shall be revised
every ninety (90) days up to the end of the Initial Provisioning Period.



 


		2.4.1.2	The Seller shall ensure that Provisioning Data is provided to the Buyer in due time to give the
Buyer sufficient time to perform any necessary evaluation and allow the on-time delivery of any ordered Material.



 


		2.4.1.3	Provisioning Data generated by the Seller and supplied to the Buyer shall comply with the configuration
of the Aircraft as documented three (3) months before the date of issue.



 


This provision shall not cover:


		(i)	Buyer modifications not known to the Seller,



		(ii)	other modifications not approved by the Seller’s Aviation Authorities.



 


		2.4.2	Supplier-Supplied Data



 


Provisioning Data corresponding
to Supplier Parts (both initial issue and revisions) shall be transmitted to the Buyer either through the Seller and/or the corresponding
Supplier; it is however agreed and understood by the Buyer that the Seller shall not be responsible for the substance, accuracy
and/or quality of such data. Such Provisioning Data shall be provided in either SPEC 2000 format or any other mutually agreed format.
The Buyer shall specify in writing to the Seller the requested Provisioning Data format at the time of the Initial Provisioning
Conference.


 


		2.4.3	Supplementary Data



 


The Seller shall provide the
Buyer with data supplementary to the Provisioning Data. This shall include local manufacture tables, ground support equipment,
specific-to-type tools and a pool item candidate list.


 


		2.5	Commercial Offer



 


Upon the Buyer’s request,
the Seller shall submit a commercial offer for Material mutually agreed as being Initial Provisioning Material.


 


		2.6	Delivery of Initial Provisioning Material



 


		2.6.1	During the Initial Provisioning Period, Initial Provisioning Material shall conform to the latest
known configuration standard of the Aircraft for which such Material is intended and to the Provisioning Data transmitted by the
Seller.



 


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EXHIBIT “H”


 


		2.6.2	The delivery of Initial Provisioning Material shall take place according to the conditions specified
in the commercial offer mentioned in Article 2.5 above.



 


		2.7	Buy-Back Period and Buy-Back of Initial Provisioning Surplus Material



 


		a)	The “Buy-Back Period” is defined as the period starting one (1) year
after and ending four (4) years after Delivery of the first Aircraft to the Buyer.



 


		b)	At any time during the Buy-Back Period, the Buyer shall have the right to return to the Seller
solely Seller Parts as per Article 1.2.1 (i) or Supplier Parts as per Article 1.2.1 (ii), subject to the Buyer providing sufficient
evidence that such Material fulfils the conditions defined hereunder.



 


		c)	Material as set forth in Article b) above shall be eligible for Buy-Back provided:



 


		i)	The Material is unused and undamaged and is accompanied by the Seller’s original documentation
(tag, certificates);



 


		ii)	The Seller provided the Buyer with an Initial Provisioning recommendation for such Material at
the time of the Initial Provisioning Conference based upon a maximum protection level of ninety-six percent (96 %) and a maximum
transit time of twenty (20) days;



 


		iii)	The quantity procured by the Buyer was not in excess of the provisioning quantities recommended
by the Seller;



 


		iv)	The Material was purchased for Initial Provisioning purposes by the Buyer directly from the Seller;



 


		v)	The Material ordered by the Buyer is identified as an Initial Provisioning order and was placed
on routine, and not expedite, basis;



 


		vi)	The Material and its components have at least ninety percent (90 %) shelf life remaining when returned;



 


		vii)	The Material is returned to the Seller by the Buyer and has effectively been received and accepted
by the Seller before the end of the Buy-Back Period.



 


		d)	If any Material is accepted for Buy-Back, the Seller shall credit the Buyer as follows:



 


		-	For Seller Parts as per Article 1.2.1 (i) the Seller shall credit the Buyer one hundred percent
(100 %) of the price originally paid;



 


		-	For Supplier Parts as per Article 1.2.1 (ii) the Seller shall credit the Buyer one hundred percent
(100 %) of the original Supplier list price valid at the time of order placement.



 


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EXHIBIT “H”


 


		e)	In the event of the Buyer electing to procure Material in excess of the Seller’s recommendation,
the Buyer shall notify the Seller thereof in writing, with due reference to the present Article 2.7. The Seller’s acknowledgement
and agreement in writing shall be necessary before any Material in excess of the Seller’s Initial Provisioning recommendation
shall be considered for Buy-Back.



 


		f)	It is expressly understood and agreed that all credits described in Article 2.7 (d) shall be provided
by the Seller to the Buyer exclusively by means of credit notes to the Buyer’s Material account with the Seller.



 


		g)	Transportation costs for the agreed return of Material under this Article 2.7 shall be borne by
the Buyer.



 


		3.	OTHER MATERIAL SUPPORT



 


		3.1	Replenishment and Delivery



 


		3.1.1	General



 


For the purpose of clarification,
it is expressly stated that the provisions of Article 3.1.2 do not apply to Initial Provisioning Material and Provisioning Data
as described in Article 2.


 


		3.1.2	Lead times



 


In general, lead times shall
be in accordance with the provisions of the latest edition of the “World Airlines and Suppliers Guide”.


 


		3.1.2.1	Seller Parts as per Article 1.2.1 (i) shall be dispatched within the lead times published by the
Seller.



 


Lead times for Seller Parts
as per Article 1.2.1 (i), which are not published by the Seller, shall be quoted upon request.


 


		3.1.2.2	Material defined in Articles 1.2.1 (ii) through 1.2.1 (iv) can be dispatched within the Supplier’s
lead time augmented by the Seller’s own order and delivery administration time.



 


		3.1.3	Expedite Service



 


The Seller shall provide a twenty-four
(24) hours a day / seven (7) days a week expedite service to provide for the supply of critically required parts (the “Expedite
Service”).


 


		3.1.3.1	The Expedite Service is operated in accordance with the “World Airlines and Suppliers Guide”
and the Seller shall notify the Buyer of the action taken to satisfy an expedite order received from the Buyer within:



 


		(i)	four (4) hours after receipt of an AOG order;



 


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EXHIBIT
“H”


 


		(ii)	twenty-four (24) hours after receipt of a critical order (imminent AOG or work stoppage);



 


		(iii)	seven (7) days after receipt of an expedite order (urgent stock replenishment).



 


		3.1.3.2	In exceptional AOG circumstances, should the Buyer be unable to send a written order for reasons
beyond his control, the Seller may deliver the Material after a telephone call, provided a purchase order is sent to the Seller
by the end of the next Business Day. Should the Buyer fail to send such purchase order, the Seller reserves the right to refuse
any subsequent purchase orders without receipt of a firm written purchase order.



 


		3.1.4	Shortages, Overshipments, Non-Conformity in Orders



 


		3.1.4.1	The Buyer shall, within thirty (30) days after delivery of Material pursuant to a purchase order,
advise the Seller:



 


		(i)	of any alleged shortages or overshipments;



 


		(ii)	of any non-conformities of delivered Material.



 


In the event of the Buyer not
having advised the Seller of any such alleged shortages, overshipments or non-conformities within the above-defined period, the
Buyer shall be deemed to have accepted the delivery.


 


		3.1.4.2	In the event of the Buyer reporting an overshipment or non-conformity to the order within the period
defined in Article 3.1.4.1 the Seller shall, if the Seller recognizes such overshipment or non-conformity, either replace the concerned
Material or credit the Buyer for the returned Material, if the Buyer chooses to return the Material subject of an overshipment
or non-conformity. In such case, reasonable transportation costs shall be borne by the Seller.



 


		3.1.5	Delivery Terms



 


Material shall be delivered
to the Buyer as follows:


 


		(i)	Free Carrier (FCA) Airbus Material Center;



 


		(ii)	Free Carrier (FCA) Seller’s Regional Satellite Stores;



 


		(iii)	Free Carrier (FCA) Seller’s or Supplier’s facility for deliveries from any other Seller
or Supplier facilities.



 


The term Free Carrier (FCA)
is as defined in the Incoterms 2010 publication issued by the International Chamber of Commerce.


 


		3.1.6	Packaging



 


All Material shall be packaged
in accordance with ATA 300 Specification.


 


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EXHIBIT “H”


 


		3.1.7	Cessation of Deliveries



 


The Seller reserves the right
to restrict, stop or otherwise suspend deliveries if the Buyer fails to meet its obligations defined in Articles 5.2 through 5.3.


 


		3.2	Seller Parts Leasing



 


The Seller offers the Buyer
the option to lease certain Seller Parts as listed in the Customer Services Catalog. The terms and conditions applicable to such
service shall be as set forth in the then current Customer Services Catalog.


 


		3.3	Tools and Ground Support Equipment



 


The Seller offers for sale and/or
loan a range of ground support equipment and specific-to-type tools, as defined in 1.2.1 (iv).


 


The terms and conditions applicable
to such service shall be as set forth in the then current Customer Services Catalog.


 


		3.4	Seller Parts Repair



 


The Seller may offer the Buyer
a service whereby the Seller would manage the repair of Seller Parts as defined in Article 1.2.1 (i).


 


The terms and conditions applicable
to such service shall be as set forth in the then current Customer Services Catalog.


 


		4	WARRANTIES



 


		4.1	Seller Parts



 


Subject to the limitations and
conditions as hereinafter provided, the Seller warrants to the Buyer that all Seller Parts as per Article 1.2.1 (i) shall at delivery
to the Buyer:


 


		(i)	be free from defects in material.



 


		(ii)	be free from defects in workmanship, including without limitation processes of manufacture.



 


		(iii)	be free from defects arising from failure to conform to the applicable specification for such part.



 


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EXHIBIT “H”


 


		4.1.1	Warranty Period



 


		4.1.1.1	The warranty period for Seller Parts is thirty six (36) months for new Seller Parts and twelve
(12) months for used Seller Parts from delivery of such parts to the Buyer.



 


		4.1.1.2	Whenever any Seller Part, which contains a defect for which the Seller is liable under Clause 4.1,
has been corrected, replaced or repaired pursuant to the terms of this Clause 4.1, the period of the Seller’s warranty with
respect to such corrected, repaired or replacement Seller Part, whichever the case may be, shall be the remaining portion of the
original warranty period or twelve (12) months, whichever is longer.



 


		4.1.2	Buyer’s Remedy and Seller’s Obligation



 


The Buyer’s remedy and
Seller’s obligation and liability under this Article 4.1 are limited to the repair, replacement or correction, at the Seller’s
expense and option, of any Seller Part that is defective.


 


The Seller may alternatively
furnish to the Buyer’s account with the Seller a credit equal to the price at which the Buyer is entitled to purchase a replacement
for the defective Seller Part.


 


The provisions of Clauses 12.1.5
through 12.1.11 of the Agreement shall apply to this Article 4.1 of this Exhibit “H”.


 


		4.2	Supplier Parts



 


With respect to Supplier Parts
to be delivered to the Buyer under this Exhibit “H”, the Seller agrees to transfer to the Buyer the benefit of any
warranties, which the Seller may have obtained from the corresponding Suppliers and the Buyer hereby agrees that it shall accept
the same.


 


		4.3	Waiver, Release and Renunciation



 


THE WARRANTIES, OBLIGATIONS
AND LIABILITIES OF THE SELLER (AS DEFINED HEREIN FOR THE PURPOSES OF THIS EXHIBIT H) AND REMEDIES OF THE BUYER SET FORTH IN THIS
ARTICLE 4 ARE EXCLUSIVE AND IN SUBSTITUTION FOR, AND THE BUYER HEREBY WAIVES, RELEASES AND RENOUNCES ALL OTHER WARRANTIES, OBLIGATIONS
AND LIABILITIES OF THE SELLER AND RIGHTS, CLAIMS AND REMEDIES OF THE BUYER AGAINST THE SELLER, EXPRESS OR IMPLIED, ARISING BY LAW,
CONTRACT OR OTHERWISE, WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT OF ANY KIND, IN ANY MATERIAL, LEASED PART AND/OR SERVICES DELIVERED
UNDER THIS AGREEMENT, INCLUDING BUT NOT LIMITED TO:


 


		A.	ANY WARRANTY AGAINST HIDDEN DEFECTS;



 


		B.	ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS;



 


		C.	ANY IMPLIED WARRANTY ARISING FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE OR TRADE;



 


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EXHIBIT “H”


 


		D.	ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY, WHETHER IN CONTRACT OR IN TORT, WHETHER OR NOT
ARISING FROM THE SELLER’S NEGLIGENCE, ACTUAL OR IMPUTED; AND



 


		E.	ANY OBLIGATION, LIABILITY, RIGHT, CLAIM, OR REMEDY FOR LOSS OF OR DAMAGE TO ANY AIRCRAFT, COMPONENT,
EQUIPMENT, ACCESSORY, PART, MATERIAL, LEASED PART, SOFTWARE, DATA OR SERVICES DELIVERED UNDER THIS AGREEMENT, FOR LOSS OF USE,
REVENUE OR PROFIT, OR FOR ANY OTHER DIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES;



 


PROVIDED THAT IN THE EVENT THAT
ANY OF THE AFORESAID PROVISIONS SHOULD FOR ANY REASON BE HELD UNLAWFUL OR OTHERWISE INEFFECTIVE THE REMAINDER OF THIS AGREEMENT
SHALL REMAIN IN FULL FORCE AND EFFECT.


 


FOR THE PURPOSES OF THIS ARTICLE
4.3, THE “SELLER” SHALL BE UNDERSTOOD TO INCLUDE THE SELLER, ANY OF ITS SUPPLIERS AND SUBCONTRACTORS, AND ITS AFFILIATES.


 


		5.	COMMERCIAL CONDITIONS



 


		5.1	Price



 


		5.1.1	All Material prices shall be quoted in accordance with the delivery terms set forth under Article
3.1.5.



 


		5.1.2	Notwithstanding the provisions of Article 2.5, all prices shall be the Seller’s sales prices
valid on the date of receipt of the order (subject to reasonable quantities and delivery time) and shall be expressed in US Dollars.



 


		5.1.3	The prices of Seller Parts shall be as set forth in the then current Seller’s Spare Parts
Price Catalog and shall be firm for each calendar year. The Seller however reserves the right to revise the prices of said Seller
Parts during the course of the calendar year in case of any of the following:



 


		(i)	significant revision in the manufacturing costs and purchase price of materials;



 


		(ii)	significant variation of exchange rates;



 


		(iii)	significant error in the estimation or expression of any price.



 


		5.1.4	The Seller’s prices for all other Material shall be the prices published by the Seller on
the date of receipt of the order.



 


Prices that are not published
by the Seller shall be quoted upon request.


 


The Seller however reserves
the right to revise the prices for all other Material in case of any significant error in the estimation or expression of any price.


 


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EXHIBIT “H”


 


		5.2	Payment Procedures and Conditions



 


All payment under this Exhibit
“H” shall be made in accordance with the terms and conditions set forth in the then current Customer Services Catalog.


 


		5.3	Title



 


With the exception of Material
to be supplied under Article 3.2 above, title to any Material purchased under this Exhibit “H” shall remain with the
Seller until full payment of the invoices and interest thereon, if any, has been received by the Seller.


 


The Buyer hereby undertakes
that Material, title to which has not passed to the Buyer, shall be kept free from any debenture or mortgage or any similar charge
or claim in favour of any third party.


 


		6.	EXCUSABLE DELAY



 


Clauses 10.1 and 10.2 of the
Agreement shall apply, mutatis mutandis, to all Material support and services provided under this Exhibit “H”.


 


		7.	TERMINATION OF MATERIAL PROCUREMENT COMMITMENTS



 


		7.1	In the event of the Agreement being terminated with respect to any Aircraft due to causes provided
for in Clauses 10, 11 or 20 of the Agreement, such termination may also affect the terms of this Exhibit H to the extent set forth
in Article 7.2 below.



 


		7.2	Any termination under Clauses 10, 11 or 20 of the Agreement shall discharge the parties of all
obligations and liabilities hereunder with respect to undelivered spare parts, services, data or other items to be purchased hereunder
and which are applicable to those Aircraft for which the Agreement has been terminated. Unused Material in excess of the Buyer’s
requirements due to such Aircraft cancellation may be repurchased by the Seller, at the Seller’s option, as provided for
in Article 2.7.



 


		8.	INCONSISTENCY



 


In the event of any inconsistency
between this Exhibit “H” and the Customer Services Catalog or any order placed by the Buyer, this Exhibit “H”
shall prevail to the extent of such inconsistency.


 


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EXHIBIT I


 





	 
	EXHIBIT I
	 
	LICENSES AND ON LINE SERVICES
	 







 





	Part 1	END-USER LICENSE AGREEMENT FOR AIRBUS SOFTWARE
	 	 
	Part 2	GENERAL TERMS AND CONDITIONS OF ACCESS TO AND USE OF AIRBUSWORLD
	 	 
	Part 3	END-USER SUBLICENSE AGREEMENTS FOR SUPPLIER SOFTWARE




 


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EXHIBIT I


 


PART 1


 


END-USER LICENSE AGREEMENT FOR AIRBUS
SOFTWARE


 


		1	DEFINITIONS



 


For the purposes of this end-user
license agreement for Airbus software (the “Software License”) the following definitions shall apply:


 


“Agreement”
means the Purchase Agreement of even date herewith entered into between the Licensee and the Licensor covering the purchase
and sale of the Aircraft subject thereof.


 


“Airbus Software”
means each of the Licensor’s proprietary products including Composite Work, configurations, processes, rules (together
with any related documentation), as well as any modifications, enhancements or extensions thereto as may be provided by the Licensor
from time to time. The Airbus Software shall be supplied in machine-readable code form only, for use in connection with the Aircraft
or operations related to the Aircraft. The Airbus Software shall be either On Board Certified Software or Software Products. For
the avoidance of doubt, this Software License does not apply to (i) open source software contained in the Airbus Software, if any,
and it is hereby acknowledged and agreed by both parties hereto that such open source software is independently distributed on
an “as is” basis under the respective license terms therefor, and that the Licensor disclaims any liability in relation
to such open source software, or (ii) any proprietary third party software that the Licensor purchases or licenses from any third
party and delivers to the Licensee, either as a sublicense or as a direct license from such third party.


 


“Aircraft”
means, individually or collectively, the Aircraft subject of the Agreement.


 


“Composite Work”
means the package composed of various elements, such as database(s), software or data, and which necessitates the use of the
Airbus Software.


 


“Licensee”
means the Buyer under the Agreement.


 


“Licensor”
means the Seller under the Agreement.


 


“On Board Certified
Software” means those Airbus Part 125 and/or FAR 125 certified software that are installed on board the Aircraft
and bear a part number of the Licensor, excluding any software embedded in any component, furnishing or equipment installed on
the Aircraft and itself bearing a part number.


 


“Permitted Purpose”
means use of the Airbus Software by the Licensee for its own internal business needs, solely in conjunction with the Aircraft
and in particular pertaining to (i) operation of the Aircraft; (ii) on ground operational support of the Aircraft; or (iii) related
authorized customization of software.


 


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EXHIBIT I


 


“Software
Product(s)” means either those Airbus Software intended to be used on ground at the Licensee’s facilities or
Airbus Software that are installed on board the Aircraft and that are not Part 125 and/or FAR 125 certified - whether or not
bearing a part number of the Licensor - excluding any software embedded in any component, furnishing or equipment installed
on the Aircraft and itself bearing a part number.


 


“Update(s)”
means any update(s) or replacement(s) to the Airbus Software licensed hereunder, which the Licensor, at its discretion, makes
generally available to the Licensee.


 


“User Guide”
means the documentation, which may be in electronic format, designed to assist the Licensee in using the Airbus Software.


 


Capitalized terms used herein
and not otherwise defined in this Software License shall have the meaning assigned thereto in the Agreement.


 


		2	LICENSE



 


In consideration of the purchase
by the Licensee of the Aircraft, the Licensee is hereby granted a worldwide and non-exclusive right to use the Airbus Software,
for a Permitted Purpose. The Licensor shall remain the owner of all intellectual property rights in the Airbus Software. There
shall be one license encompassing all Airbus Software granted in respect of each Aircraft purchased by the Licensee.


 


Notwithstanding the foregoing,
license rights regarding the use of Software Products may be subject to specific commercial conditions and to the payment of specific
fees relating to such Software Products.


 


The Licensee hereby acknowledges
that it is aware that certain Airbus Software subject of this Software License may incorporate some third party software or open
source software components. The Licensee hereby agrees to be bound by the licensing terms and conditions applicable to such third
party software and made available by the Licensor through AirbusWorld.


 


		3	ASSIGNMENT AND DELEGATION



 


		3.1	Assignment



 


		3.1.1	On Board Certified Software



 


The Licensee may at any time
assign or otherwise transfer all or part of its rights pertaining to any On Board Certified Software under this Software License
only as part of, and to the extent of, a sale, transfer or lease of each Aircraft on which such On Board Certified Software is
installed. The Licensee shall assign as many Software Licenses as the number of sold, transferred or leased Aircraft and shall
retain all other Software Licenses attached to any Aircraft that the Licensee continues to operate.


 


In the event of any such assignment
or transfer, the Licensee shall transfer the copies of the Airbus Software attached to the sold, transferred or leased Aircraft
(including all component parts, media, any upgrades or backup copies and, if applicable, certificate(s) of authenticity), except
as otherwise instructed by the Licensor.


 


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EXHIBIT I


 


		3.1.2	Software Products



 


Save as otherwise set forth in
the Agreement, the right to use any Software Product is personal to the Licensee, for its own internal use, and is non-transferable,
except with the Licensor’s prior written consent, in which case the Licensee shall cause the assignee or sub-licensee to
agree to the terms of this Software License.


 


		3.3	Delegation



 


Without prejudice to Article
6 (a) hereof, in the event of the Licensee intending to designate a maintenance and repair organization or a third party to perform
the maintenance of the Aircraft or to perform data processing on its behalf (each a “Third Party”), the
Licensee shall notify the Licensor of such intention prior to any disclosure of this Software License and/or the Airbus Software
Services to such Third Party.


 


The Licensee hereby undertakes
to cause such Third Party to agree to be bound by the conditions and restrictions set forth in this Software License with respect
to the Airbus Software and shall in particular cause such Third Party to enter into a appropriate licensing conditions and to commit
to use the Airbus Software solely for the purpose of maintaining the Licensee’s Aircraft and/or for processing the Licensee’s
data.


 


		4	COPIES



 


Use of the Airbus Software is
limited to the number of copies delivered by the Licensor to the Licensee and to the medium on which the Airbus Software is delivered.
No reproduction shall be made without the prior written consent of the Licensor, except that the Licensee is authorized to copy
the Airbus Software for back-up and archiving purposes. Any copy the Licensor authorizes the Licensee to make shall be performed
under the sole responsibility of the Licensee. The Licensee agrees to reproduce the copyright and other notices as they appear
on or within the original media on any copies that the Licensee makes of the Airbus Software.


 


		5	TERM



 


		5.1	On Board Certified Software



 


Subject to the Licensee having
complied with the terms of this Software License, the rights under this Software License shall be granted from the date of Delivery
of each Aircraft until the earlier of (i) the Aircraft definitively ceasing to be operated, in which case the license rights pertaining
to such Aircraft shall be deemed terminated on the date of the last operation thereof by the Licensee or any of its assignees,
or (ii) the Agreement, this Software License or any part thereof being terminated for any reason whatsoever, in which case the
Licensee shall immediately cease to use the On Board Certified Software.


 


		5.2	Software Products



 


Save as otherwise specified in
any applicable commercial conditions relating to any Software Product as set forth in the Agreement and subject to the Licensee
having complied with the terms of this Software License, the rights under this Software License shall be granted from the date
of first delivery of the Software Product until the earlier of (i) for Software Products that are installed on board the Aircraft,
the Licensee ceasing to operate the Aircraft on which
such Software Products are installed, or (ii) the Licensee no longer owning or operating any Aircraft, or (iii) the Agreement or
this Software License being terminated for any reason whatsoever, in which case the Licensee shall immediately cease to use the
Software Products.


 


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EXHIBIT I


 





		6	CONDITIONS OF USE



 


The Airbus Software shall only
be used for the Permitted Purpose.


 


The Licensee shall be solely
responsible for, and agrees to be careful in the use of, all outputs and results derived from the operation of the Airbus Software
and all consequences, direct and indirect, relating to the use of such output and results. The Licensee agrees to use such outputs
and results only once it has verified such outputs and results and has checked the relevance and correctness thereof, in the light
of its particular needs.


 


The Licensee expressly acknowledges
that it shall take all appropriate precautions for the use of the Airbus Software, including without limitation measures required
for its compliance with the User Guide or any information or directive regarding the use of the Supplier Software.


 


Under the present Software License,
the Licensee shall:


 


		a)	not permit any parent, subsidiary, affiliate, agent or third party to use the Airbus Software in
any manner, including, but not limited to, any outsourcing, loan, commercialization of the Airbus Software or commercialization
by merging the Airbus Software into another software or adapting the Airbus Software, without the prior written consent from the
Licensor;



 


		b)	do its utmost to maintain the Airbus Software and the relating documentation in good working condition,
in order to ensure the correct operation thereof;



 


		c)	use the Airbus Software in accordance with such documentation and the User Guide, and ensure that
the personnel using the Airbus Software has received appropriate training;



 


		d)	use the Airbus Software exclusively in the technical environment defined in the applicable User
Guide, except as otherwise agreed in writing between the parties;



 


		e)	except as permitted by Section 50C –  Copyright, Designs and Patents Act 1988, not
                                                              alter, reverse engineer, modify, correct, translate, disassemble, decompile or adapt the Airbus Software, nor integrate all
                                                              or part of the Airbus Software in any manner whatsoever into another software product, nor create a software product derived
                                                              from the Airbus Software save with the Licensor’s prior written approval.



 


		f)	should the Licensor have elected to provide the source code to the Licensee, have the right to
study and test the Airbus Software, under conditions to be expressly specified by the Licensor, but in no event shall the Licensee
have the right to correct, modify or translate the Airbus Software;



 


		g)	except with respect to Software Products intended to be used on ground, use the Airbus Software
exclusively on the referenced machines and the declared sites ;



 


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EXHIBIT I


 


		h)	not attempt to discover or re-write the Airbus Software source codes in any manner whatsoever;



 


		i)	not delete any identification or declaration relative to the intellectual property rights, trademarks
or any other information related to ownership or intellectual property rights in the Airbus Software;



 


		j)	not pledge, sell, distribute, grant, sublicense, lease, lend, whether
on a free-of-charge basis or against payment, or permit access on a time-sharing basis or any other utilization of the Airbus Software,
whether in whole or in part, for the benefit of a third party.



 


With respect to Software Products
intended for use on ground, the Licensor shall be entitled, subject to providing reasonable prior written notice thereof to the
Licensee, to verify at the Licensee’s facilities whether the conditions specified in the present Software License are fulfilled.


 


		7	TRAINING



 


In addition to the User Guide
provided with the Airbus Software, training and other assistance may be provided upon the Licensee’s request, subject to
the conditions set forth in the Agreement. Such assistance or training shall not operate to relieve the Licensee of its sole responsibility
with respect to the use of the Airbus Software under this Software License.


 


		8	PROPRIETARY RIGHTS - RIGHT TO CORRECT AND MODIFY



 


		8.1	The Airbus Software is proprietary to the Licensor or the Licensor has acquired the intellectual
property rights necessary to grant this Software License. The copyright and all other proprietary rights in the Airbus Software
are and shall remain the property of the Licensor.



 


		8.2	The Licensor reserves the right to correct and modify any Airbus Software at its sole discretion
and the Licensee shall not undertake any correction or modification of the Airbus Software without the Licensor’s prior written
approval. The Licensee shall install any Updates provided by the Licensor, at its own cost, in accordance with the time schedule
notified with the provision of such Update(s). In the event of the Licensee failing to install any such Update(s), the Licensor
shall be relieved of any warranty or liability of any kind with respect to the conformity or operation of the Airbus Software.



 


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    Confidential
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EXHIBIT I


 


		9	COPYRIGHT INDEMNITY



 


		9.1	Indemnity



 


		9.1.1	Subject to the provisions of Article 9.2.3, the Licensor shall defend and indemnify the Licensee
from and against any damages, costs and expenses including legal costs (excluding damages, costs, expenses, loss of profits and
other liabilities in respect of or resulting from loss of use of the Aircraft) resulting from any infringement, or claim of infringement,
by any Airbus Software provided by the Licensor, of any copyright, provided that the Licensor’s obligation to indemnify shall
be limited to infringements in countries which, at the time of the infringement or alleged infringement, are members of The Berne
Union and recognize computer software as a “work” under the Berne Convention.



 


		9.1.2	In the event that the Licensee is prevented from using the Airbus Software for infringement of
a copyright referred to in Article 9.1.1 (whether by a valid judgment of a court of competent jurisdiction or by a settlement arrived
at between claimant, Licensor and Licensee), the Licensor shall at its expense either:



 


		(i)	procure for the Licensee the right to use the same free of charge to the Licensee; or



 


		(ii)	replace the infringing part of the Airbus Software as soon as possible with a non-infringing substitute
complying in all other respects with the requirements of this Software License.



 


		9.2	Administration of Copyright Indemnity Claims



 


		9.2.1	If the Licensee receives a written claim or a suit is threatened or commenced against the Licensee
for infringement of a copyright referred to in Article 9.1 as a result of the use of the Airbus Software, the Licensee shall:



 


		(i)	forthwith notify the Licensor giving particulars thereof;



 


		(ii)	furnish to the Licensor all data, papers and records within the Licensee’s control or possession
relating to such claim or suit;



 


		(iii)	refrain from admitting any liability or making any payment or assuming any expenses, damages, costs
or royalties or otherwise acting in a manner prejudicial to the defense or denial of such suit or claim provided always that nothing
in this sub-Article (iii) shall prevent the Licensee from paying such sums as may be required in order to obtain the release of
the Aircraft, provided such payment is accompanied by a denial of liability and is made without prejudice;



 


		(iv)	fully co-operate with, and render all such assistance to the Licensor as be may be pertinent to
the defense or denial of the suit or claim;



 


		(v)	act in such way as to mitigate damages and/or reduce the amount of royalties that may be payable
as well as to minimize costs and expenses.



 


		9.2.2	The Licensor shall be entitled, either in its own name or on behalf of the Licensee, to conduct
negotiations with the party or parties alleging infringement and may assume and conduct the defense or settlement of any suit or
claim in the manner, which it deems proper.



 


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EXHIBIT I


 


		9.2.3	The Licensor’s obligations and the Licensee’s remedies hereunder shall be conditional
upon the strict and timely compliance by the Licensee with the terms of this Clause 9 and of Clauses 6(e), 6(h), 6(i) and 8.2 and
are exclusive and in substitution for, and the Licensee hereby waives, releases and renounces all other obligations and liabilities
of the Licensor and rights, claims and remedies of the Licensee against the Licensor, express or implied, arising by law or otherwise
with respect to any infringement or claim of infringement of any copyright.



 


		10	CONFIDENTIALITY



 


The Airbus Software, this Software
License and their contents are designated as confidential. The Licensee undertakes not to disclose the Software License, the Airbus
Software or any parts thereof to any third party without the prior written consent of the Licensor, except to the lessee in case
of lease of an Aircraft or to the buyer in case of resale of an Aircraft, without prejudice to any provisions set forth in the
Agreement. In so far as it is necessary to disclose aspects of the Airbus Software to the Licensee’s employees, such disclosure
is permitted solely for the purpose for which the Airbus Software is supplied and only to those employees who need to know the
same, save as permitted herein or where otherwise required pursuant to an enforceable court order or any governmental decision
or regulatory provision imposed on the Licensee, provided that reasonable prior notice of the intended disclosure is provided to
the Licensor.


 


The obligations of the Licensee
to maintain confidentiality shall survive the termination of this Software License for a period of ten (10) years.


 


		11	ACCEPTANCE



 


On Board Certified Software shall
be deemed accepted as part of the Technical Acceptance Process set out in Clause 8 of the Agreement.


 


Software Products shall be deemed
accepted upon delivery thereof unless otherwise specifically provided for in the Agreement.


 


		12	WARRANTY



 


		12.1	On Board Certified Software



 


Any On Board Certified Software
installed on board an Aircraft at Delivery thereof shall be deemed a Warranted Part for the purposes of Clause 12.1 of the Agreement
and the relevant provisions of such Clause 12.1 shall be fully applicable to such On Board Certified Software.


 


		12.2	Software Products



 


The Licensor warrants that Software
Products are prepared in accordance with the state of art at the date of their conception and shall perform substantially in accordance
with their functional and technical specifications current at the time of their initial delivery. Should the Software Products
be found not to conform to their documentation, the Licensee shall notify the Licensor promptly thereof and the sole and exclusive
liability of the Licensor under this Software License shall be to provide the Licensee with two (2) months free of charge maintenance
services.


 


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EXHIBIT I


 


After these two (2) months, the
terms and conditions applicable to maintenance services shall be those specified in the current Customer Services Catalog.


 


For the avoidance of doubt, this
Article 12.2 shall not be applicable to Software Product Updates, modifications, enhancements and extensions.


 


		12.3	The Licensor shall be relieved of any obligations under Articles 12.1 and 12.2 in case of:



 


		(i)	Airbus Software defects or non-conformities caused by alterations or modifications to the Airbus
Software carried out without the prior approval of the Licensor;



 


		(ii)	Airbus Software defects or non-conformities caused by negligence of the Licensee or other causes
beyond the Licensors reasonable control;



 


		(iii)	Failure of the Licensee to install any Update in accordance with Article 8 hereof;



 


		(iv)	Airbus Software defects or non-conformities caused by errors in or modifications of or Updates
to operating systems, databases or other software or hardware with which the Airbus Software interfaces, where such elements have
not been provided by the Licensor.



 


The Licensee shall be responsible
for the cost and expense of any correction services provided by the Licensor as a result of any of the foregoing exclusions. Such
correction services shall be subject to the then applicable commercial conditions.


 


		12.4	Waiver, release and renunciation



 


THE WARRANTIES, OBLIGATIONS AND
LIABILITIES OF THE LICENSOR (AS DEFINED BELOW FOR THE PURPOSES OF THIS CLAUSE) AND REMEDIES OF THE LICENSEE SET FORTH IN THIS ARTICLE
12 ARE EXCLUSIVE AND IN SUBSTITUTION FOR, AND THE LICENSEE HEREBY WAIVES, RELEASES AND RENOUNCES, ALL OTHER WARRANTIES, OBLIGATIONS
AND LIABILITIES OF THE LICENSOR AND RIGHTS, CLAIMS AND REMEDIES OF THE LICENSEE AGAINST THE LICENSOR, EXPRESS OR IMPLIED, ARISING
BY LAW, CONTRACT OR OTHERWISE WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT OF ANY KIND IN ANY AIRBUS SOFTWARE AND SERVICES DELIVERED
UNDER THE AGREEMENT AND/OR THIS SOFTWARE LICENSE, INCLUDING BUT NOT LIMITED TO:


 


		(A)	ANY WARRANTY AGAINST HIDDEN DEFECTS;



 


		(B)	ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS;



 


		(C)	ANY IMPLIED WARRANTY ARISING FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE;



 


		(D)	ANY OBLIGATION. LIABILITY, RIGHT. CLAIM OR REMEDY, WHETHER IN CONTRACT OR IN TORT AND WHETHER OR
NOT ARISING FROM THE LICENSOR’S NEGLIGENCE, ACTUAL OR IMPUTED; AND



 


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EXHIBIT I


 


		(E)	ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY FOR LOSS OR DAMAGE TO ANY AIRCRAFT, COMPONENT,
EQUIPMENT, ACCESSORY, PART, SOFTWARE, DATA OR SERVICES DELIVERED UNDER THE AGREEMENT, FOR LOSS OF USE, REVENUE OR PROFIT OR FOR
ANY OTHER DIRECT, INCIDENTAL, OR CONSEQUENTIAL DAMAGES.



 


PROVIDED THAT, IN THE EVENT THAT
ANY OF THE AFORESAID PROVISIONS SHOULD FOR ANY REASON BE HELD UNLAWFUL OR OTHERWISE INEFFECTIVE, THE REMAINDER OF THIS SOFTWARE
LICENSE SHALL REMAIN IN FULL FORCE AND EFFECT.


 


FOR THE PURPOSES OF THIS ARTICLE
12, “THE LICENSOR” SHALL BE UNDERSTOOD TO INCLUDE THE LICENSOR, ANY OF ITS SUPPLIERS, SUBCONTRACTORS AND AFFILIATES.


 


The Licensor shall have no liability
for data that is entered into the Airbus Software by the Licensee and/or used for computation purposes.


 


		13	LIABILITY AND INDEMNITY



 


The Airbus Software is supplied
under the express condition that the Licensor shall have no liability in contract or in tort arising from or in connection with
the use and/or possession by the Licensee of the Airbus Software and that the Licensee shall indemnify and hold the Licensor harmless
from and against any liabilities and claims from third parties arising from such use and/or possession.


 


		14	EXCUSABLE DELAYS



 


		14.1	The Licensor shall not be responsible nor be deemed to be in default on account of delays in delivery
of any Airbus Software or Update due to causes reasonably beyond the Licensor’s or its subcontractors’ control including
but not limited to: natural disasters, fires, floods, explosions or earthquakes, epidemics or quarantine restrictions, serious
accidents, total or constructive total loss, any act of the government of the country of the Licensee or the governments of the
countries of Licensor or its subcontractors, war, insurrections or riots, failure of transportation, communications or services,
strikes or labor troubles causing cessation, slow down or interruption of services, inability after due and timely diligence to
procure materials, accessories, equipment or parts, failure of a subcontractor or supplier to furnish materials, accessories, equipment
or parts due to causes reasonably beyond such subcontractor’s or supplier’s control or failure of the Licensee to comply
with its obligations arising out of the present Software License.



 


		14.2	The Licensor shall, as soon as practicable after becoming aware of any delay falling within the
provisions of this Article, notify the Licensee of such delay and of the probable extent thereof and shall, subject to the conditions
as hereinafter provided and as soon as practicable after the removal of the cause or causes for delay, resume delivery of the delayed
Airbus Software or Update.



 


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EXHIBIT I


 


		15	TERMINATION



 


In the event of breach of an
obligation set forth in this Software License by either the Licensor or the Licensee or failure to comply with the commercial conditions
applicable to Airbus Software as set forth in the Agreement, which is not cured within 30 days from the date of receipt of a written
notice notifying the breach, the non-breaching party shall be entitled to terminate this Software License.


 


In the event of termination for
any cause, the Licensee shall no longer have any right to use the Airbus Software and shall return to the Licensor all copies of
the Airbus Software and any relating documentation together with an affidavit to that effect. In case of breach by the Licensee,
the Licensor shall be entitled to retain any amount paid for the ongoing year,


 


		16	GENERAL PROVISIONS



 


		16.1	This Software License is an Exhibit to the Agreement and integrally forms part thereof. As a result,
any non-conflicting terms of the Agreement are deemed incorporated herein to the extent they are relevant in the context of this
Software License.



 


		16.2	Notwithstanding the terms of Clause 22.11 of the Agreement, in the event of any inconsistency or
discrepancy between any term of this Software License and any term of the Agreement (including any other Exhibit or Appendices
thereto), the terms of this Software License shall take precedence over the conflicting terms of the Agreement to the extent necessary
to resolve such inconsistency or discrepancy.



 


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EXHIBIT I


 


PART 2


 


 





 


GENERAL TERMS AND CONDITIONS


 


OF


 


ACCESS TO


 


AND


 


USE OF


 


AIRBUSWORLD


 


This document and all information contained
herein is the sole property of AIRBUS S.A.S. No intellectual property rights are granted by the delivery of this document or the
disclosure of its content. This document shall not be reproduced or disclosed to a third party without the express written consent
of AIRBUS S.A.S. This document and its content shall not be used for any purpose other than that for which it is supplied.


 


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EXHIBIT I


 


Preamble


 


For the sole purposes of the General Terms
and Conditions of Access to and Use of AirbusWorld (the “GTC”), the Buyer and the Seller hereby agree that in such
GTC:


 


“The Seller” shall
be referred to as AIRBUS S.A.S.,


 


“The Buyer” shall
be referred to as “the Company”,


 


“The Agreement”
shall have the meaning assigned thereto in the GTC.


 


For the sake of clarification, it is understood
that the term “Agreement” as defined in the Clause 00B shall be referred to within the GTC with the meaning
assigned thereto under the definition of “Contracts”


 





	
         

        GENERAL TERMS AND CONDITIONS OF ACCESS
        TO AND USE OF

        AIRBUSWORLD

         





 


ARTICLE 1: DEFINITIONS


 


	Administrator(s):	 	Company’s employee(s) appointed by the Company, entitled to represent the Company for and in the management of the Agreement and responsible for the compliance by the Designated Users and the Company’s employees with the Agreement.
	 	 	 
	Agreement	 	The agreement between the Parties shall be understood as including, in the following order of precedence, (i) Specific Terms and Conditions applicable to specific Services if any and to that extent only, (ii) these General Terms and Conditions, and any other relating functional or technical document agreed between the Parties, it being understood that, in the event of any inconsistency the former ranking document shall prevail over the following one(s) to the extent of such inconsistency.
	 	 	 
	AIRBUS S.A.S.	 	AIRBUS S.A.S, a French Société par Actions Simplifiée, with a share capital of Euros 2 704 375, registered with the Trade and Companies Registry of Toulouse (France) under n° 383 474 814 and whose registered office is located 1 Rond Point Maurice Bellonte, 31700 Blagnac, France
	 	 	 
	AIRBUS	 	Collectively AIRBUS S.A.S and the legal entities controlled by AIRBUS S.A.S, the term “control” meaning the direct or indirect ownership of at least fifty percent (50%) of the voting stocks in such legal entities.
	 	 	 
	AIRBUS Data	 	Any and all data, information and material made accessible and available by AIRBUS to the Company through AW.


 


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EXHIBIT I


 


	AW	 	AirbusWorld, access to which may be given by AIRBUS S.A.S. to Designated Users of the Company.
	 	 	 
	Company	 	The company entering into these General Terms and Conditions as identified on the execution page of this document.
	 	 	 
	Company Data	 	Any and all data, information and other material made accessible and available by the Company to AIRBUS through AW.
	 	 	 
	Contracts	 	Any and all present and future contracts, agreements or letters, the terms of which imply a commitment of the Company and/or AIRBUS other than related to the present Agreement, namely but without limitation: confidentiality agreements, exchanges in the course of a call for tender, contracts for the supply of services, procurement/sale agreements, aircraft purchase agreements, co-operation agreements, research contracts, maintenance contracts.
	 	 	 
	Data	 	Collectively the AIRBUS Data and the Company Data.
	 	 	 
	Databases	 	Any and all collections of independent works, data or other materials arranged in a systematic or methodical way and individually accessible by electronic or other means by the Company through AW.
	 	 	 
	Designated Users	 	Employees of the Company authorized by a Company Administrator to access and use AW.
	 	 	 
	Force Majeure Event	 	An event the occurrence of which is beyond the reasonable control of either party to this Agreement, including (without limitation) the following: Act of God, explosion, earthquake, act of terrorism, war, riot, civil commotion, malicious damage, failure of a utility service or transport network, failure of third party suppliers, industrial action, failure of plant or equipment, fire or flood.
	 	 	 
	Identification Codes	 	Confidential and personal identification codes attached to each Designated User and which formally identify each Designated User accessing and using AW.
	 	 	 
	Party or Parties	 	Individually or collectively AIRBUS S.A.S. and/or the Company.
	 	 	 
	Personal Data	 	Personal data as defined in the Data Protection Act 1998, including personal data files or personal data automated processing systems.
	 	 	 
	Services	 	Any and all on line services made available to the Company through AW under the terms and conditions of the Agreement.
	 	 	 
	Specific Terms and Conditions 	 	Terms and conditions under which AIRBUS S.A.S. grants access to specific Services to the Company.
	 	 	 
	System	 	Equipment (hardware, software, connections, etc) set up by AIRBUS S.A.S. and enabling AIRBUS S.A.S. to provide the Services on AW through the Internet.


 


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EXHIBIT I


 


	User Documentation	 	Documentation intended for the Administrators and Designated Users of AW describing the technical means enabling connection to the System and access to AW and providing information related to the use of AW and/or the Services. User Documentation may be modified from time to time by AIRBUS S.A.S and is available on AW.


 


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EXHIBIT
I


 


ARTICLE 2: PURPOSE / CONTRACTUAL DOCUMENTS


 


		2.1	The purpose of these General Terms and Conditions is to define the terms and conditions under which
AIRBUS S.A.S. authorizes the Company to access and use AW and to benefit from some of the Services offered through the latter.



 


		2.2	Access to and use of certain Services may be subject to acceptance by the Company of Specific Terms
and Conditions.



 


		2.3	AW may be used by the Company for the purpose of exchanging information with AIRBUS and specifically
for the performance of the Contracts. The Agreement shall not be construed as interfering with the terms and conditions of any
such Contracts. The terms and conditions of the Contracts shall in any case prevail over the terms of the Agreement.



 


		2.4	The Company and AIRBUS shall not exchange Data through AW that are not necessary for professional
or business purposes as mentioned in Article 2.3. Activities directly or indirectly related to spamming are prohibited on AW.



 


		2.5	Should there be a need for the
                                         Company to use AW in its quality of subcontractor of a supplier, a customer, or a co-contractor
                                         of AIRBUS (hereafter individually and collectively an “AIRBUS Co-contractor”),
                                         then the Company hereby guarantees that it is duly authorised by such AIRBUS Co-contractor
                                         to request from AIRBUS S.A.S. an access to AW and the use of the Services. The Agreement
                                         between AIRBUS S.A.S. and the Company is entered into for the sole purpose of the use
                                         of AW and shall in no event be construed as a change to the contracts entered into by
                                         AIRBUS and the AIRBUS Co-contractor and/or establish a direct contractual relationship
                                         between AIRBUS and the Company other than the Agreement.



 


ARTICLE 3: EXTENT OF ACCESS TO AND USE
OF AW


 


		3.1	AIRBUS S.A.S. grants to the Company, a worldwide, personal, non-exclusive and non-transferable right
to access and use AW and the Services, pursuant to the terms and conditions of and for the duration of the Agreement. The Company
shall not fully or partially assign, sublicense nor subcontract any of its rights and/or obligations under the Agreement, without
the express prior written authorization of AIRBUS S.A.S.



 


		3.2	No right other than that provided in Article 3.1 above is granted by AIRBUS S.A.S. to the Company
under these General Terms and Conditions, and the Company shall not, directly or indirectly, without limitation, extract, reproduce,
represent, adapt, modify and/or translate, all or part of AW, the System and/or the Databases, nor create any derivative work therefrom,
nor use any and/or all of the aforesaid elements for any purposes other than those agreed upon between the Parties.



 





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EXHIBIT I


 


		3.3	AW, the System, the Databases and the AIRBUS Data shall remain the sole ownership of AIRBUS and/or
its licensors.



 


ARTICLE 4: ADMINISTRATORS AND DESIGNATED
USERS


 


		4.1	AIRBUS S.A.S. shall propose on-line standard training for the Administrator on AW at AIRBUS S.A.S’
expense and AIRBUS S.A.S. shall make available appropriate documentation to the Designated Users.



 


		4.2	The Company shall be solely responsible for the enforcement of the Agreement by its employees,
including the Administrator(s) and the Designated Users. The Company shall ensure, at its own expense, that the Administrator(s)
and the Designated Users are qualified and properly trained for the purpose of the performance of the Agreement.



 


		4.3	The Company shall designate one Administrator. AIRBUS S.A.S. may, at its sole discretion and upon
the Company’s request, authorise in writing the Company to designate additional Administrator(s), provided the Company defines
non-overlapping areas and/or timeframes for each of the Administrators, e.g. for different branches or sites of the Company. It
is understood that the Company shall be solely responsible in the event of inconsistent instructions received from the Administrators.



 


		4.4	The Administrator(s) shall have the capacity to represent the Company with respect to the execution
and performance of any contractual document related to the access, use and operation of AW.



 


		4.5	The Administrator(s) shall appoint Designated Users among the employees of the Company. Each Designated
User shall be provided with a personal and confidential Identification Code, at AIRBUS S.A.S.’ discretion, either by the
Administrator, by AIRBUS S.A.S. or by an independent, reputable and reliable organism.



 


		4.6	Each and every access, use and operation of AW with an Identification Code shall be deemed to have
been made by the corresponding Designated User.



 


		4.7	The Company shall ensure that:



 


		(I)	each Identification Code is used by the corresponding Designated User only and is personal to such
Designated User;



 


		(II)	each personal Identification Code shall not be communicated to any person other than the corresponding
Designated User;



 


		(III)	each Designated User accesses and uses AW in accordance with the specific rights he/she has been
granted under the Agreement;



 


		(IV)	no third party can access the Identification Codes or AW.



 


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EXHIBIT I


 


		4.8	Should the Company become aware of any potential risk that Identification Code(s) could be or could
have been disclosed to anyone other than the corresponding Designated User, then the Administrator(s) shall, without any delay,
cancel the access to AW in respect of such Identification Code(s) and notify AIRBUS S.A.S. of such potential risk and of such cancellation
of the Identification Code(s), notwithstanding AIRBUS S.A.S.’ rights to cancel such access.



 


		4.9	The Company shall inform AIRBUS S.A.S., without any delay, of (i) any modification in the professional
situation of the Administrator(s) and/or Designated Users, including without limitation leave or resignation from the Company,
(ii) the termination/expiration of any or all of the Contracts (iii) the termination/expiration of any contract of the Company
with an AIRBUS Co-contractor as referred to in Article 2.5 above. In any of such cases, the Company shall without delay cancel
the access to AW for the corresponding Designated Users, notwithstanding AIRBUS S.A.S.’ rights to cancel such access.



 


		4.10	Should any one of Designated Users and/or Administrators not comply with any provision of the Agreement
and/or any applicable laws and regulations, or should AIRBUS S.A.S. fear that his/her access may possibly result in a breach of
the Agreement, including but not limited to confidentiality and/or security provisions and/or result in an illegal situation, AIRBUS
S.A.S. shall be entitled, at any time, without prejudice to its other rights and without prior notice, to restrict or suspend access
to all or part of AW by any or all such Designated User(s) and/or Administrator(s).



 


ARTICLE 5: ACCESS REQUIREMENTS


 


		5.1	The Company shall, at its own costs and under its sole responsibility and liability, procure, install
and maintain the information technology equipment necessary to access the System and AW. The Company shall use all care and means
available in the state of the art necessary to prevent intrusion of any third party and/or malicious codes into the System and/or
AW.



 


		5.2	The Company shall be responsible for obtaining and maintaining any relevant authorisations and/or
accomplishing any and all relevant formalities necessary to have access to and benefit from AW as well as for performing its own
obligations under the Agreement and/or any applicable laws and regulations.



 


		5.3	AIRBUS S.A.S. shall be entitled, without limitation for security purposes, to at any time modify
or have the Company modify, the Identification Codes. Any modification of such Identification Codes shall be notified by the modifying
Party to the other Party.



 


ARTICLE 6: CHARACTERISTICS AND AVAILABILITY
OF AW


 


		6.1	AIRBUS S.A.S. shall make its reasonable efforts to provide the necessary means in order to make
AW accessible seven (7) days a week and twenty-four (24) hours a day. Should the access to or use of AW be disturbed, AIRBUS S.A.S.
shall take all reasonable and proper steps to restore the access to or use of AW.



 


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EXHIBIT I


 


		6.2	In this respect and without limitation, AIRBUS S.A.S. shall be entitled, at any time and without
notification, to suspend, temporarily or permanently, access to all or part of AW:



 


		(i)	in order to proceed with any maintenance of the System and/or updating of AW, the Databases and/or
the Data;



 


		(ii)	for security reasons;



 


		(iii)	in order to comply with any regulatory constraints and/or court injunction or decision.



 


		6.3	Should AIRBUS S.A.S. foresee that the unavailability of AW, in whole or in part, will exceed twenty-four
(24) consecutive hours, AIRBUS S.A.S. shall make reasonable efforts to inform as promptly as possible the Company, by whatever
means, of such unavailability.



 


		6.4	Without prejudice to any other provision of the Agreement, should the Company be unable for any
reason to access AW for more than twenty four (24) consecutive hours and/or for a period incompatible with the performance schedule
of a Contract requiring the use of AW, the Company shall inform AIRBUS S.A.S. and the Parties shall determine together alternative
solutions, related but not limited to, the exchange of data.



 


ARTICLE 7: CONFIDENTIALITY


 


		7.1	Unless otherwise agreed upon in the Agreement and/or the Contracts, and unless the same information
may be accessed in the freely accessible public area of AW, all information made available by the Company and AIRBUS to each other
through AW shall be deemed confidential information and shall not be disclosed by the receiving party to any third party and shall
not be used for any purpose other than those agreed upon by the Company and AIRBUS, even if that purpose is for the receiving party’s
internal needs. The following shall not be deemed to be confidential information for the purposes of this Agreement: (i) information
which is in the public domain other than as a result of a breach of this Agreement or a Contract; (ii) information which the receiving
party can demonstrate was received, free of any obligation of confidence, from a third party which itself was not under any obligation
of confidence in relation to that information; and (iii) information which was developed or created independently by or on behalf
of the receiving party.



 


		7.2	The Company hereby authorises AIRBUS to disclose such information within AIRBUS, provided the AIRBUS
legal entities exchanging such information have entered with each other into a confidentiality agreement.



 


ARTICLE 8: EXCHANGE OF DATA


 


		8.1	As part of the Services, AW enables the Company and AIRBUS to exchange or have access
to the Data, for the purpose of collaboration between the Company and AIRBUS and/or performance of the Contracts.



 


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		8.2	The Company shall have the right to access to and use the AIRBUS Data, and AIRBUS shall have the
right to access to and use the Company Data, solely to the extent defined in the Agreement and/or the Contracts.



 


		8.3	Except as otherwise agreed in the Agreement and/or the Contracts, the Company and AIRBUS may, during
the term of the Agreement, for internal use only, adapt, translate, make hard copies and/or numeric reproductions of the Data received
from the disclosing party, for the sole purpose of the Agreement and of, as the case may be, the performance of the Contract(s)
or the collaboration of the Company and AIRBUS. The Data received from the disclosing party, their hard copies and numeric reproductions,
may be processed by and circulated worldwide only to the employees of the receiving party having a need to know the same for the
purpose of the Agreement and of, as the case may be, the performance of the Contract(s) or the collaboration of the Company and
AIRBUS.



 


		8.4	The Company and AIRBUS shall ensure that all proprietary rights and confidentiality mentions stated
on any original document are replicated on any reproduction made thereof. Any translation and/or adaptation shall expressly state
that it is a derivative from the original document. The Company and AIRBUS shall refrain from removing and/or altering any of these
mentions.



 


		8.5	The Company shall take care and use all means available in the state of the art at any time of
the Agreement in order to prevent the Company Data from creating permanent or temporary disturbance of the operation and/or the
use of the System, AW and/or the Database.



 


		8.6	The Company shall immediately notify AIRBUS S.A.S. of the occurrence or possible occurrence of
any of the events referred to in Article 8.3 above. Should AIRBUS S.A.S. be aware of any of such aforesaid events, it shall be
entitled, without notice and without prejudice to its other rights, to delete the implicated Company Data from the System.



 


		8.7	Taking into account the electronic nature of the Data exchanged through AW, the Company and AIRBUS
agree to give to such electronic exchanges the same probatory value as exchanges made by registered mail.



 


		8.8	Should any creation or development be made by the Company when accessing and using AW and/or exchanging
Data with AIRBUS, then the rights of each party on such creation or development shall be determined pursuant to the corresponding
Contract or Specific Terms and Conditions, if any.



 


ARTICLE 9: PRIVACY


 


		9.1	Each party shall comply at all times with its obligations under all local data protection laws
and regulations in relation to all Personal Data provided to it by the other party in connection with this Agreement or a Contract
and shall inform the other party of any information system evolution which could affect such obligations.



 


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EXHIBIT I


 


		9.2	The Company is hereby notified that AIRBUS may request Personal Data directly from the Administrator(s)
and the Designated Users for accessing and using AW. The Company shall inform the Administrator(s) and the Designated Users (i)
in accordance with applicable data protection laws, (ii) of the provisions of this Article 9 and their related rights.



 


		9.3	The Company undertakes to comply with the Data Protection Act 1998 and to inform the Administrator(s)
and the Designated Users that:



 


		(i)	failure to provide such Personal Data may prevent access to AW;



 


		(ii)	such Personal Data shall be used by AIRBUS for the sole purpose of (a) security, operation and
maintenance of AW and (b) the Services and/or communication with and the provision of information to the Administrator(s) and the
Designated Users in respect of AW and the Services;



 


		(iii)	such Personal Data may be transferred to AIRBUS service providers or other AIRBUS entities throughout
the world in compliance with the Data Protection Act 1998; and



 


		(iv)	they benefit from a right of access to and rectification of, their Personal Data archived by AIRBUS.



 


		9.4	AW uses “cookies” (small data files transferred to computer hard drives for the sole
purpose of recording computer connections to AW such as date, time, consulted pages, etc.). AIRBUS S.A.S. may access and record
this information during Designated Users’ visits. The use of cookies is a prerequisite to the operation of AW and the Company
recognizes that any Designated User exercising his/her right to disable cookies shall not have access to AW.



 


		9.5	Personal Data may be accessed by the Company, Administrators and/or Designated Users and, as the
case may be, rectified upon written request to AIRBUS S.A.S, 1 Rond-Point Maurice Bellonte, 31707 Blagnac Cedex, France.



 


		9.6	As the performance of the Agreement may imply cross-border transfer of Personal Data, the Company
hereby declares that it is aware of (i) the Council of Europe Convention for the Protection of Individuals with regards to Automatic
Processing of Personal Data, (ii) the European Directive n° 95/46/EC on the protection of individuals with regard to the processing
of personal data and on the free movement of such data and (iii) the Data Protection Act 1998, and the Company shall ensure that
it remains aware of any further modification of the applicable laws in force and undertakes to comply with the same.



 


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EXHIBIT I


 


ARTICLE 10: WARRANTY / LIABILITY


 


		10.1	To the extent permitted by law, the Company acknowledges that AW, including any and all of its
supporting elements and contents, i.e. without limitation the System, the Databases and, unless otherwise stated in the Contracts,
AIRBUS Data, are provided “as is” and “as available”.



 


		10.2	To the extent permitted by law, AIRBUS S.A.S. excludes that (i) all warranties and representations
that AW, the System, the Services and/or the User Documentation shall meet the Company’s requirements and expectations, or
shall be uninterrupted, timely, secure or error-free, (ii) all warranties and representations that the results that may be displayed
through AW, the Data, Databases and/or any material obtained through AW shall be accurate, reliable or error free; and (iii) any
warranties, conditions, terms, undertakings and obligations implied by statute, common law, custom, trade usage, course of dealing
or otherwise (including but not limited to implied undertakings of satisfactory quality, conformity with description and reasonable
fitness for purpose).



 


		10.3	Access to and use of AW are therefore performed at the Company’s sole risk and the Company
shall be solely responsible for such access or use and AIRBUS S.A.S. shall not be liable for any loss, damages, costs or expenses,
howsoever arising (whether in contract, tort or otherwise and including any infringement of a third party’s rights or otherwise),
arising out of or in connection with the Company’s access, and use of AW, the AIRBUS Data and the Databases, computer intrusion,
security failure, or unavailability of the Services, the AW and/or the materials contained therein or accessed through AW. In no
event, shall AIRBUS or its successive successors and assignees be liable for any damage, whether direct or indirect, such as but
without limitation loss of data or of programs, loss of use, financial loss, any deterioration or infection by malicious codes
of the Company’s information technology equipment (including but not limited to software, hardware, connections and/or any
system or network).



 


		10.4	Notwithstanding the preceding provisions, AIRBUS S.A.S. agrees to support the defence of the Company
against any claim alleging that the normal use by the Company of the System infringes the intellectual property rights of any third
party by answering the Company’s reasonable related information requests, provided the Company notifies AIRBUS S.A.S. in
writing of any such claim within fifteen (15) days from the date it has knowledge of the latter.



 


		10.5	Should any provision of the Agreement become prohibited or unlawful or unenforceable under any
applicable law actually applied by any court of competent jurisdiction, such provision shall, to the extent required by such law,
be severed from the Agreement and rendered ineffective insofar as possible without modifying the remaining provisions. Where, however,
the provisions of any such applicable law may be waived, the Parties hereby agree that they shall waive such provisions to the
fullest extent permitted by such law, with the result that the provisions of the Agreement shall be valid, binding and enforceable.
The Parties agree to replace, as far as practicable, any provision which is prohibited, unlawful or unenforceable with another
provision having substantially the same effect (in its legal and commercial content) as the replaced provision, but which is not
prohibited, unlawful or unenforceable. The invalidity in whole or in part of any provision(s) of the Agreement shall not void or
affect the validity of any other provision.



 


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EXHIBIT I


 


ARTICLE 11: DURATION / TERMINATION


 


		11.1	These General Terms and Conditions shall enter into force on the date of their execution by both
Parties. The entry into force or termination of these General Terms and Conditions shall not interfere in any way with the term
of any Contracts in force.



 


The duration of any other contractual
document entered into by the Parties as part of the Agreement shall be provided in the corresponding document. Should these General
Terms and Conditions be terminated, all such documents shall, automatically and notwithstanding any other provision in the Agreement,
be terminated concurrently therewith.


 


In the event of the Company being
in breach any of its obligations under the Agreement, AIRBUS S.A.S. shall be entitled, without prejudice to any of its other rights
and without prior notice, to immediately and automatically suspend access to AW or terminate all or part of the Agreement.


 


		11.2	Upon termination, for whatever reason, of all or part of the Agreement, the Company shall immediately,
at AIRBUS S.A.S.’ discretion, (i) cease to access AW and/or the corresponding Service(s) and (ii) return or destroy, except
in the event that a dispute arises or is raised between the Company and AIRBUS under the Agreement or the Contracts, the Identification
Codes as well as all AIRBUS Data the Company may have held in relation to the terminated part of the Agreement.



 


		11.3	Should either party be prevented from complying with its obligations under this Agreement due to
a Force Majeure Event and such Force Majeure Event continue for a period of more than one (1) month, then either Party may terminate
the Agreement upon written notice to the other Party.



 


ARTICLE 12: MISCELLANEOUS


 


AIRBUS S.A.S. is entitled to
assign all or part of its rights and/or obligations under the Agreement to any legal entity controlled by AIRBUS S.A.S. 


 


Airbus S.A.S. is entitled to
subcontract any of its obligations under the Agreement. 


 


The Agreement shall not be modified except through
a written amendment signed by the duly authorized representatives of both Parties.


 


This Agreement constitutes the
entire agreement between the parties in relation to the use of AW, the System, the Data and the Databases. Each party acknowledges
that in entering into this Agreement it has not relied upon, and shall have no rights or remedies (whether in tort, under statute
or otherwise) in respect of any statements, collateral or other warranties, assurances, undertakings or representations (whether
innocently or negligently made) by the other party to this Agreement.


 


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EXHIBIT I


 


ARTICLE 13: LAW - JURISDICTION


 


THE AGREEMENT IS GOVERNED BY THE LAWS OF
ENGLAND AND THE EXCLUSIVE JURISDICTION FOR ANY DISPUTE ARISING OUT OR IN CONNECTION WITH ITS EXISTENCE, VALIDITY, INTERPRETATION
OR EXECUTION SHALL BE GIVEN TO THE COURTS OF ENGLAND, WITH AIRBUS RESERVING THE RIGHT TO PETITION ANY OTHER COMPETENT COURT.


 


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EXHIBIT I


 


PART 3


 


END-USER SUBLICENSE AGREEMENT FOR SUPPLIER
SOFTWARE


 


		1	DEFINITIONS



 


For the purposes of this end-user
sublicense agreement for Supplier Software (the “Software Sublicense”) the following definitions shall
apply:


 


“Agreement”
means the Purchase Agreement of even date herewith covering the purchase and sale of the Aircraft subject thereof.


 


“Aircraft”
means, individually or collectively, the Aircraft subject of the Agreement.


 


“Composite Work”
means the package composed of various elements, such as database(s), software or data, and which necessitates the use of the
Supplier Software.


 


“Permitted Purpose”
means use of the Supplier Software by the Sublicensee for its own internal business needs, solely in conjunction with the Aircraft
and in particular pertaining to (i) operation of the Aircraft; (ii) on ground operational support of the Aircraft; or (iii) related
authorized customization of software.


 


“Sublicensee”
means the Buyer under the Agreement.


 


“Sublicensor”
means the Seller under the Agreement as authorized by the Supplier to sublicense the Supplier Software to the operators of
Airbus aircraft.


 


“Supplier”
means each of the Sublicensor’s suppliers owning the intellectual property rights in the corresponding Supplier Software
(or holding the right to authorize the Sublicensor to sublicense such Supplier Software) and having granted to the Sublicensor
the right to sublicense such Supplier Software.


 


“Supplier Product Support
Agreement” shall have the meaning set forth in Clause 12.3.1.3 of the Agreement.


 


“Supplier Software”
means each of the Supplier’s proprietary products including Composite Work, configurations, processes, rules (together
with any related documentation) as well as any modifications, enhancements or extensions thereto, as may be provided by the Supplier
or the Sublicensor from time to time and the supply of which to the Sublicensee is governed by a Supplier Product Support Agreement.
The Supplier Software shall be supplied in machine-readable code form only, for use in connection with the Aircraft or operations
related to the Aircraft. For the avoidance of doubt, this Software Sublicense does not apply to (i) any software embedded in any
component, furnishing or equipment installed on the Aircraft and itself bearing a partnumber (ii) third party software not provided
under a Supplier Product Support Agreement, including but not limited to any standard, “off the shelf’ software (Components
Off The Shelf/COTS) and (iii) open source software contained in the Supplier Software, if any, and it is hereby acknowledged and
agreed by both parties hereto that such open source software is independently distributed on an “as is” basis under
the respective license terms therefor, and that the Sublicensor disclaims any liability in relation to such open source software.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Exhibit I - Page 25/31


 




    	 



    	 



    

 


EXHIBIT I


 


“Update(s)”
means any update(s) or replacement(s) to the Supplier Software licensed hereunder, which the Sublicensor or the Supplier, at
their discretion, make generally available to the Sublicensee.


 


“User Guide”
means the documentation, which may be in electronic format, designed to assist the Sublicensee in using the Supplier Software.


 


Capitalized terms used herein
and not otherwise defined in this Software Sublicense shall have the meaning assigned thereto in the Agreement.


 


		2	LICENSE



 


In consideration of the purchase
by the Sublicensee of the Aircraft, the Sublicensee is hereby granted a free of charge, worldwide and non-exclusive right to use
the Supplier Software, for a Permitted Purpose. Each Supplier shall remain the owner of all intellectual property rights in the
Supplier Software. There shall be one Software Sublicense granted in respect of each Aircraft purchased by the Sublicensee.


 


The Sublicensee hereby acknowledges
that it is aware that certain Supplier Software subject of this Software Sublicense may incorporate some third party software or
open source software components. The Sublicensee hereby agrees to be bound by the licensing terms and conditions applicable to
such third party software and made available by the Sublicensor through AirbusWorld.


 


		3	ASSIGNMENT AND DELEGATION



 


		3.1	Assignment



 


The Sublicensee may, at any time,
assign or otherwise transfer all or part of its rights under this Software Sublicense only as part of, and to the extent of, a
sale, transfer or lease of any or all of the Aircraft to which the Supplier Software are related provided that the Sublicensee
causes the assignee to agree to the terms of this Software Sublicense.


 


The Sublicensee shall assign
a Software Sublicense for all Supplier Software installed on the sold, transferred or leased Aircraft and shall retain all other
Software Sublicenses attached to any Aircraft that the Sublicensee continues to operate.


 


In the event of any such assignment
or transfer, the Sublicensee shall transfer the copies of the Supplier Software attached to the sold, transferred or leased Aircraft
(including all component parts, media, any upgrades or backup copies, this Software Sublicense, and if applicable, certificate(s)
of authenticity), except as otherwise instructed by the Sublicensor.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Exhibit I - Page 26/31


 




    	 



    	 



    

 


EXHIBIT I


 


		3.2	Delegation



 


Without prejudice to Article
10 hereof, in the event of the Sublicensee intending to designate a maintenance and repair organization or a third party to perform
the maintenance of the Aircraft or to perform data processing on its behalf (each a “Third Party”), the
Sublicensee shall notify the Sublicensor of such intention prior to any disclosure of this Software Sublicense and/or the Supplier
Software to such Third Party.


 


The Sublicensee hereby undertakes
to cause such Third Party to enter into appropriate licensing conditions with the corresponding Supplier and to commit to use the
Supplier Software solely for the purpose of maintaining the Sublicensee’s Aircraft and/or processing the Sublicensee’s
data.


 


		4	COPIES



 


Use of the Supplier Software
is limited to the number of copies delivered by the Sublicensor to the Sublicensee and to the medium on which the Supplier Software
is delivered. No reproduction shall be made without the written consent of the Sublicensor, except that the Sublicensee is authorized
to copy the Supplier Software for back-up and archiving purposes. Any copy the Sublicensor authorizes the Sublicensee to make shall
be performed under the sole responsibility of the Sublicensee. The Sublicensee agrees to reproduce the copyright and other notices
as they appear on or within the original media on any copies that the Sublicensee makes of the Supplier Software.


 


		5	TERM



 


Subject to the Sublicensee having
complied with the terms of this Software Sublicense, the rights under this Software Sublicense shall be granted from the date of
Delivery of each Aircraft until the earlier of (i) the Aircraft ceasing to be operated, in which case the license rights pertaining
to such Aircraft shall be deemed terminated for such Aircraft on the date of the last operation thereof by the Sublicensee or any
of its assignees, or (ii) the Agreement, this Software Sublicense or any part thereof, being terminated for any reason whatsoever,
in which case the Sublicensee shall immediately cease to use the affected Supplier Software upon the effective termination date.


 


		6	CONDITIONS OF USE



 


The Supplier Software shall only
be used for the Permitted Purpose.


 


The Sublicensee shall be solely
responsible for, and agrees to be be careful in the use of, all outputs and results derived from the operation of the Supplier
Software and all consequences, direct and indirect, relating to the use of such output and results. The Sublicensee agrees to use
such outputs and results only once it has verified such outputs and results and has checked the relevance and correctness thereof,
in the light of its particular needs.


 


The Sublicensee expressly acknowledges
that it will take all appropriate precautions for the use of the Supplier Software, including without limitation measures required
for its compliance with the User Guide or any information or directive regarding the use of the Supplier Software.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Exhibit I - Page 27/31


 




    	 



    	 



    

 


EXHIBIT I


 


Under the present Software Sublicense,
the Sublicensee shall:


 


		a)	not permit any parent, subsidiary, affiliate, agent or other third party to use the Supplier Software
in any manner, including, but not limited to, any outsourcing, loan, commercialization of the Supplier Software or commercialization
by merging the Supplier Software into another software or adapting the Supplier Software, without the prior written consent from
the Supplier;



 


		b)	do its utmost to maintain the Supplier Software and the relating documentation in good working
condition, in order to ensure the correct operation thereof;



 


		c)	use the Supplier Software in accordance with such documentation and the User Guide, and ensure
that the personnel using the Supplier Software has received appropriate training;



 


		d)	use the Supplier Software exclusively in the technical environment defined in the applicable User
Guide, except as otherwise agreed in writing between the parties;



 


		e)	except as permitted by Section 50C –  Copyright, Designs and Patents Act 1988, not
                                                              alter, reverse engineer, modify, correct, translate, disassemble, decompile or adapt the Supplier Software, nor integrate all
                                                              or part of the Supplier Software in any manner whatsoever into another software product; nor create a software product
                                                              derived from the Supplier Software save with the Supplier’s prior written approval;



 


		f)	should the Sublicensor or the Supplier have elected to provide the source code to the Sublicensee,
have the right to study and test the Supplier Software, under conditions to be expressly specified by the Sublicensor, but in no
event shall the Sublicensee have the right to correct, modify or translate the Supplier Software;



 


		g)	not attempt to discover or re-write the Supplier Software source codes in any manner whatsoever;



 


		h)	not delete any identification or declaration relative to the intellectual property rights, trademarks
or any other information related to ownership or intellectual property rights in the Supplier Software;



 


		i)	not pledge, sell, distribute, grant, sublicense, lease, lend, whether on a free-of-charge basis
or against payment, or permit access on a time-sharing basis or any other utilization of the Supplier Software, whether in whole
or in part, for the benefit of a third party;



 


		7	TRAINING



 


In addition to the User Guide
provided with the Supplier Software, training and other assistance shall be provided upon the Sublicensee’s request, subject
to conditions set forth in the Agreement. Such assistance or training shall not operate to relieve the Sublicensee of its sole
responsibility with respect to the use of the Supplier Software under this Software Sublicense.


 


	A320F NEO - CES 2013 	 	Private
    & Confidential
	CT1302606	 	 


Exhibit I - Page 28/31




    	 



    	 



    

 


EXHIBIT I


 


		8	PROPRIETARY RIGHTS - RIGHT TO CORRECT AND MODIFY



 


		8.1	The Supplier Software is proprietary to the Supplier and the Sublicensor represents and warrants
that it has been granted the intellectual property rights necessary to grant this Software Sublicense. The copyright and all other
proprietary rights in the Supplier Software are and shall remain the property of the Supplier.



 


		8.2	The Supplier may correct or modify its Supplier Software from time to time at its sole
                                                                  discretion and the Sublicensee shall not undertake any correction or modification of the Supplier Software without the
                                                                  Sublicensor’s prior written approval. The Sublicensee shall install any Updates provided either by the Supplier or the
                                                                  Sublicensor in accordance with the time schedule notified with the provision of such Update(s). In the event of the
                                                                  Sublicensee failing to install any such Update(s), both the Sublicensor and the Supplier shall be relieved of any warranty or
                                                                  liability of any kind with respect to the conformity or operation of the Supplier Software.



 


		9	COPYRIGHT INDEMNITY



 


The Sublicensee hereby accepts
the transfer to its benefit of all transferable and enforceable copyright indemnity conditions related to the corresponding Supplier
Software and contained in the applicable Supplier Product Support Agreement.


 


		10	CONFIDENTIALITY



 


The Supplier Software, this Software
Sub-license and their contents are designated as confidential. The Sublicensee undertakes not to disclose the Software Sub-license,
the Supplier Software or any parts thereof to any third party without the prior written consent of the Sublicensor, except to the
lessee in case of lease of an Aircraft or to the buyer in case of resale of the Aircraft, without prejudice to any provisions set
forth in the Agreement. In so far as it is necessary to disclose aspects of the Supplier Software to the Sublicensee’s employees,
such disclosure is permitted solely for the purpose for which the Supplier Software is supplied and only to those employees who
need to know the same, save as permitted herein or where otherwise required pursuant to an enforceable court order or any governmental
decision or regulatory provision imposed on the Sublicensee, provided that reasonable prior notice of the intended disclosure is
provided to the Sublicensor.


 


The obligations of the Sublicensee
to maintain confidentiality shall survive the termination of this Software Sublicense for a period of ten (10) years.


 


		11	ACCEPTANCE



 


Supplier Software shall be deemed
accepted as part of the Technical Acceptance Process set out in Clause 8 of the Agreement.


 


	A320F NEO - CES 2013 	 	Private
    & Confidential
	CT1302606	 	 


Exhibit I - Page 29/31


 




    	 



    	 



    

 


EXHIBIT I


 


		12	WARRANTY



 


The Sublicensee hereby accepts
the transfer to its benefit of all transferable and enforceable warranties related to the corresponding Supplier Software and contained
in the applicable Supplier Product Support Agreement.


 


As a result, THE SUBLICENSEE
acknowledges that the transferable and enforceable warranties, OBLIGATIONS and LIABILITIES contained in the Supplier Product Support
Agreement shall constitute the sole and exclusive remedy available in the event of any defect or non-conformity of the Supplier
Software.


 


Neither the Supplier nor the
Sublicensor shall have any liability for data that is entered into the Supplier Software by the Sublicensee and/or used for computation
purposes.


 


		13	LIABILITY AND INDEMNITY



 


The Supplier Software is supplied
under the express condition that neither the Supplier nor the Sublicensor shall have any liability in contract or in tort arising
from or in connection with the use and/or possession by the Sublicensee of the Supplier Software and that the Sublicensee shall
indemnify and hold the Sublicensor and the Supplier harmless from and against any liabilities and claims from third parties arising
from such use and/or possession.


 


		14	EXCUSABLE DELAYS



 


		14.1	Neither the Sublicensor nor the Supplier(s) shall be responsible nor be deemed to be in default
on account of delays in delivery of any Supplier Software or Updates due to causes reasonably beyond Sublicensor’s or its
suppliers’ or subcontractors’ (including the Supplier) control including but not limited to: natural disasters, fires,
floods, explosions or earthquakes, epidemics or quarantine restrictions, serious accidents, total or constructive total loss, any
act of the government of the country of the Sublicensee or the governments of the countries of Sublicensor or its subcontractors
or its suppliers (including the Supplier), war, insurrections or riots, failure of transportation, communications or services,
strikes or labor troubles causing cessation, slow down or interruption of services, inability after due and timely diligence to
procure materials, accessories, equipment or parts, failure of a subcontractor or supplier (including the Supplier) to furnish
materials, accessories, equipment or parts due to causes reasonably beyond such subcontractor’s or supplier’s (including
the Supplier) control or failure of the Sublicensee or the Supplier to comply with its obligations arising out of the present Software
Sublicense.



 


		14.2	The Sublicensor shall, and/or shall cause the Supplier to, as soon as practicable after becoming
aware of any delay falling within the provisions of this Article, notify the Sublicensee of such delay and of the probable extent
thereof and shall, subject to the conditions as hereinafter provided and as soon as practicable after the removal of the cause
or causes for delay, resume delivery of the delayed Supplier Software or Update.



 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Exhibit I - Page 30/31


 




    	 



    	 



    

 


EXHIBIT I


 


		15	TERMINATION



 


In the event of breach of an
obligation set forth in this Software Sublicense by either the Sublicensor or the Sublicensee, which is not cured within 30 days
from the date of receipt of a written notice notifying the breach, the non-breaching party shall be entitled to terminate this
Software Sublicense.


 


In the event of termination for
any cause, the Sublicensee shall no longer have any right to use the Supplier Software and shall return to the Supplier all copies
of the Supplier Software and any relating documentation together with an affidavit to that effect.


 


		16	GENERAL PROVISIONS



 


		16.1	This Software Sublicense is an Exhibit to the Agreement and integrally forms part thereof. As a
result, any non-conflicting terms of the Agreement are deemed incorporated herein to the extent they are relevant in the context
of this Software Sublicense.



 


		16.2	Notwithstanding the terms of Clause 22.11 of the Agreement, in the event of any inconsistency or
discrepancy between any term of this Software Sublicense and any term of the Agreement (including any Appendix or other Exhibits
thereto), the terms of this Software Sublicense shall take precedence over the conflicting terms of the Agreement to the extent
necessary to resolve such inconsistency or discrepancy.



 


		16.3	The Sublicensee acknowledges that the Supplier Software covered under the present Sub-license Agreement
is also subject to the conditions relative to each Supplier Software set forth in the corresponding Supplier Product Support Agreement.
In the event of any inconsistency between the terms of this Sub-license Agreement and the terms contained in the corresponding
Supplier Product Support Agreement, the latter shall prevail to the extent of such inconsistency.



 


	A320F NE0 - CES 2013 	 	Private & Confidential
	CT1302606	 	 


Exhibit I - Page 31/31


 




    	 



    	 



    





 


LETTER AGREEMENT N° 1 


 


CHINA EASTERN AIRLINES CORPORATION LIMITED


Hongqiao International Airport,


No. 2550 Hongqiao Road,


Shanghai 200335,


People’s Republic of China


 


			***



 


China Eastern Airlines Corporation Limited
(the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into a Purchase Agreement
(the “Agreement”) dated as of even date herewith which covers the manufacture and the sale by the Seller
and the purchase by the Buyer of the Aircraft as described in the Agreement.


 


Capitalized terms used herein and not otherwise
defined in this Letter Agreement shall have the meanings assigned thereto in the Agreement.


 


Both parties agree that this Letter Agreement,
upon execution thereof, shall constitute an integral, nonseverable part of said Agreement and shall be governed by all its provisions,
as such provisions have been specifically amended pursuant to this Letter Agreement.


 


If there is any inconsistency between the Agreement and this Letter
Agreement, the latter shall prevail to the extent of such inconsistency.


 


	A320F NEO - CES 2013 	Private & Confidential
	CT1302606	 


Letter Agreement N°1 - Page 1/8


 






    	 



    	 



    

 


LETTER AGREEMENT N° 1 


 





		1	***



		 	***



 





		2	***




 


 


	A320F NEO - CES 2013 	Private & Confidential
	CT1302606	 


Letter Agreement N°1 - Page 2/8


 




    	 



    	 



    

 


LETTER AGREEMENT N° 1 


 





		3	***






 


		4	***



 


		5	***




 


	A320F NEO - CES 2013 	Private & Confidential
	CT1302606	 


Letter Agreement N°1 - Page 3/8


 




    	 



    	 



    

 


LETTER AGREEMENT N° 1 


 





		6	***






 


		7	***




 


	A320F NEO - CES 2013 	Private & Confidential
	CT1302606	 


Letter Agreement N°1 - Page 4/8


 




    	 



    	 



    

 


LETTER AGREEMENT N° 1 


 





		8	***






 


		9	***



 





		10	***



 





		11	***




			***



 


	A320F NEO - CES 2013 	Private & Confidential
	CT1302606	 


Letter Agreement N°1 - Page 5/8


 




    	 



    	 



    

 


LETTER AGREEMENT N° 1 







 


		12	***



  


		13	Assignment



 


Notwithstanding any other provision
of this Letter Agreement or of the Agreement, this Letter Agreement and the rights and obligations of the Buyer herein shall not
be assigned or transferred in any manner, and any attempted assignment or transfer in contravention of the provisions of this Clause
shall be void and of no force or effect.


 


		14	Confidentiality



 


For the purpose of this Clause 14,
the term “Buyer” shall be deemed to include a reference to the Consenting Party.


 


This Letter Agreement (and its existence)
or any data exchanged between the Buyer and the Seller for the fulfillment of their respective obligations under this Letter Agreement
shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party except as may
be required by law, by legal proceedings, or by listing rules, or to auditors, legal or tax advisors for the purpose of implementation
hereof.


 


In particular, both Parties agree:


		-	not to make any press release concerning the whole or any part of the contents and/or subject matter
of this Letter Agreement without the prior written consent of the other Party hereto.



		-	that any and all terms and conditions of the transaction contemplated in this Letter Agreement
are strictly personal and exclusive to each Party, (the “Personal Information”). Each Party therefore agrees to
enter into consultations with the other Party reasonably in advance of any required disclosure of Personal Information to financial
institutions, including operating lessors, investment banks and their agents or other relevant institutions for aircraft sale and
leaseback or any other Aircraft or Predelivery Payment financing purposes (the “Receiving Party”).



 


Without prejudice to the foregoing,
any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between the Buyer and the Seller,
including in particular, but not limited to:


		(i)	the contact details of the Receiving Party,



		(ii)	the extent of the Personal Information subject to disclosure,



		(iii)	the Aircraft pricing to be provided to the Receiving Party.



 


	A320F NEO - CES 2013 	Private & Confidential
	CT1302606	 


Letter Agreement N°1 - Page 6/8


 




    	 



    	 



    

 


LETTER AGREEMENT N° 1 


 


Furthermore, each Party shall use
its best efforts to limit the disclosure of the contents of this Letter Agreement, the Agreement and/or any Purchase Agreement
to the extent legally permissible in any filing required to be made by any Party with any governmental or regulatory agency, including
under listing rules and as required by legal proceedings.


 


Each Party agrees that prior to any
such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms and conditions of the document
to be filed or disclosed.


 


The provisions of this Clause shall
survive any termination of this Letter Agreement for a period of twelve (12) years after the date of Delivery of the last Aircraft
to be delivered under the Agreement.


 


	A320F NEO - CES 2013 	Private & Confidential
	CT1302606	 


Letter Agreement N°1 - Page 7/8


 




    	 



    	 



    

 


LETTER AGREEMENT N° 1



 


If the foregoing correctly sets forth our understanding, please
execute three (3) originals in the space provided below and return one (1) original of this Letter Agreement to the Seller.


 


	Agreed and Accepted	Agreed and Accepted
	 	 
	For and on behalf of	For and on behalf of
	 	 
	CHINA EASTERN AIRLINES	AIRBUS S.A.S. 
	CORPORATION LIMITED	 


 


	Signature:	/s/ Tang Bing	 	Signature:	/s/ Christophe Mourey	 
	 	 	 	 	 	 
	Name:	Tang Bing	 	Name:	Christophe Mourey	 
	 	 	 	 	 	 
	Title:	Vice-president	 	Title:	Senior Vice President Contracts	 


 


Witnessed and acknowledged


 


CHINA EASTERN AVIATION


IMPORT & EXPORT CORPORATION


 


	Signature:	/s/ Bien Zhiheng	 
	 	 	 
	Name:	Bien Zhiheng	 
	 	 	 
	Title:	Chairman	 


 


	A320F NEO - CES 2013 	Private & Confidential
	CT1302606	 


Letter Agreement N°1 - Page 8/8


 




    	 



    	 



    

 


LETTER AGREEMENT N° 2


 


CHINA EASTERN AIRLINES CORPORATION LIMITED


Hongqiao International Airport,


No. 2550 Hongqiao Road,


Shanghai 200335,


People’s Republic of China


 


*** 


 


China Eastern Airlines Corporation Limited
(the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into a Purchase Agreement
(the “Agreement”) dated as of even date herewith which covers the manufacture and the sale by the Seller
and the purchase by the Buyer of the Aircraft as described in the Agreement.


 


Capitalized terms used herein and not otherwise
defined in this Letter Agreement shall have the meanings assigned thereto in the Agreement.


 


Both parties agree that this Letter Agreement,
upon execution thereof, shall constitute an integral, nonseverable part of said Agreement and shall be governed by all its provisions,
as such provisions have been specifically amended pursuant to this Letter Agreement.


 


If there is any inconsistency between the Agreement and this Letter
Agreement, the latter shall prevail to the extent of such inconsistency.


 


	A320F NEO - CES 2013 	Private & Confidential
	CT1302606	 


Letter Agreement N°2 - Page 1/8


 






    	 



    	 



    

 


LETTER AGREEMENT N° 2


 


***


 


***


 


	A320F NEO - CES 2013 	Private & Confidential
	CT1302606	 


Letter Agreement N°2 - Page 2/8


 






    	 



    	 



    

 


LETTER AGREEMENT N° 2


 


	 	 	***
	 	 	 
	 	***	
	 	 	QUOTE
	 	 	 
	 	 	5.3.4             ***
	 	 	 
	 	 	UNQUOTE 



 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


 


Letter Agreement N°2 - Page 3/8


 




    	 



    	 



    

 


LETTER AGREEMENT N° 2


 


1.4           
     ***


 


***


 


***


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


 


Letter Agreement N°2 - Page 4/8


 




    	 



    	 



    

 


LETTER AGREEMENT N° 2


 


1.7           
     ***


 


***


 


***


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


 


Letter Agreement N°2 - Page 5/8


 




    	 



    	 



    

 


LETTER AGREEMENT N° 2


 


		1.10	***



 


***


 


		2	Assignment



 


Notwithstanding any other provision
of this Letter Agreement or of the Agreement, this Letter Agreement and the rights and obligations of the Buyer herein shall not
be assigned or transferred in any manner, and any attempted assignment or transfer in contravention of the provisions of this Clause
shall be void and of no force or effect.


 


		3	Confidentiality



 


For the purpose of this Clause 3,
the term “Buyer” shall be deemed to include a reference to the Consenting Party.


 


This Letter Agreement (and its existence)
or any data exchanged between the Buyer and the Seller for the fulfillment of their respective obligations under this Letter Agreement
shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party except as may
be required by law, by legal proceedings, or by listing rules, or to auditors, legal or tax advisors for the purpose of implementation
hereof.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


 


Letter Agreement N°2 - Page 6/8


 




    	 



    	 



    

 


LETTER AGREEMENT N° 2


 


In particular, both Parties agree:


	 	-	not to make any press release concerning the whole or any part of the contents and/or subject matter of this Letter Agreement without the prior written consent of the other Party hereto.
	 	-	that any and all terms and conditions
    of the transaction contemplated in this Letter Agreement are strictly personal and exclusive to each Party, (the “Personal
    Information”). Each Party therefore agrees to enter into consultations with the other Party reasonably in advance
    of any required disclosure of Personal Information to financial institutions, including operating lessors, investment banks
    and their agents or other relevant institutions for aircraft sale and leaseback or any other Aircraft or Predelivery Payment
    financing purposes (the “Receiving Party”).


 


Without prejudice to the foregoing,
any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between the Buyer and the Seller,
including in particular, but not limited to:


(i)          the
contact details of the Receiving Party,


(ii)         the
extent of the Personal Information subject to disclosure,


(iii)        the
Aircraft pricing to be provided to the Receiving Party.


 


Furthermore, each Party shall use
its best efforts to limit the disclosure of the contents of this Letter Agreement, the Agreement and/or any Purchase Agreement
to the extent legally permissible in any filing required to be made by any Party with any governmental or regulatory agency, including
under listing rules and as required by legal proceedings.


 


Each Party agrees that prior to any
such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms and conditions of the document
to be filed or disclosed.


 


The provisions of this Clause shall
survive any termination of this Letter Agreement for a period of twelve (12) years after the date of Delivery of the last Aircraft
to be delivered under the Agreement.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


 


Letter Agreement N°2 - Page 7/8


 




    	 



    	 



    

 


LETTER AGREEMENT N° 2


 


If the foregoing correctly sets forth our understanding, please
execute three (3) originals in the space provided below and return one (1) original of this Letter Agreement to the Seller.


 


	Agreed and Accepted	 	Agreed and Accepted
	 	 	 
	For and on behalf of	 	For and on behalf of


 


	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S.
	CORPORATION LIMITED	 	 


 


	Signature:	/s/ Tang Bing	 	Signature:	/s/ Christophe Mourey
	 	 	 	 	 
	Name:	Tang Bing	 	Name:	Christophe Mourey
	 	 	 	 	
	Title:	Vice President	 	Title:	Senior Vice President Contracts


 


Witnessed and acknowledged,


 


CHINA EASTERN AVIATION


IMPORT & EXPORT CORPORATION


 


	Signature:	/s/ Bien Zhiheng	 
	 	 	 
	Name:	Bien Zhiheng	 
	 	 	 
	Title:	Chairman	 


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


 


Letter Agreement N°2 - Page 8/8


 




    	 



    	 



    

 


LETTER AGREEMENT N° 3


 


CHINA EASTERN AIRLINES CORPORATION LIMITED


Hongqiao International Airport,


No. 2550 Hongqiao Road,


Shanghai 200335,


People’s Republic of China


 


***


 


China Eastern Airlines Corporation
Limited (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into a Purchase Agreement (the “Agreement”)
dated as of even date herewith which covers the manufacture and the sale by the Seller and the purchase by the Buyer of the
Aircraft as described in the Agreement.


 


Capitalized terms used herein and
not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Agreement.


 


Both parties agree that this Letter
Agreement, upon execution thereof, shall constitute an integral, nonseverable part of said Agreement and shall be governed by all
its provisions, as such provisions have been specifically amended pursuant to this Letter Agreement.


 


If there is any inconsistency between the Agreement and
this Letter Agreement, the latter shall prevail to the extent of such inconsistency.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


 


Letter Agreement N°3 - Page 1/4


 




    	 



    	 



    

 


LETTER AGREEMENT N° 3


 


1                    ***


 


2                     Assignment


 


Notwithstanding any other provision
of this Letter Agreement or of the Agreement, this Letter Agreement and the rights and obligations of the Buyer herein shall not
be assigned or transferred in any manner, and any attempted assignment or transfer in contravention of the provisions of this Clause
shall be void and of no force or effect.


 


3                     Confidentiality


 


For the purpose of this Clause 3, the term “Buyer”
shall be deemed to include a reference to the Consenting Party.


 


This Letter Agreement (and its existence)
or any data exchanged between the Buyer and the Seller for the fulfillment of their respective obligations under this Letter Agreement
shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party except as may
be required by law, by legal proceedings, or by listing rules, or to auditors, legal or tax advisors for the purpose of implementation
hereof.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


 


Letter Agreement N°3 - Page 2/4


 




    	 



    	 



    

 


LETTER AGREEMENT N° 3


 


In particular, both Parties agree:


 


	 	-	not to make any press release concerning the whole or any part of the contents and/or subject matter of this Letter Agreement without the prior written consent of the other Party hereto.
	 	-	that any and all terms and conditions of the transaction contemplated in this Letter Agreement are strictly personal and exclusive to each Party, (the “Personal Information”). Each Party therefore agrees to enter into consultations with the other Party reasonably in advance of any required disclosure of Personal Information to financial institutions, including operating lessors, investment banks and their agents or other relevant institutions for aircraft sale and leaseback or any other Aircraft or Predelivery Payment financing purposes (the “Receiving Party”).


 


Without prejudice to the foregoing,
any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between the Buyer and the Seller,
including in particular, but not limited to:


(i)          the
contact details of the Receiving Party,


(ii)         the
extent of the Personal Information subject to disclosure,


(iii)        the
Aircraft pricing to be provided to the Receiving Party.


 


Furthermore, each Party shall use
its best efforts to limit the disclosure of the contents of this Letter Agreement, the Agreement and/or any Purchase Agreement
to the extent legally permissible in any filing required to be made by any Party with any governmental or regulatory agency, including
under listing rules and as required by legal proceedings.


 


Each Party agrees that prior to any
such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms and conditions of the document
to be filed or disclosed.


 


The provisions of this Clause shall
survive any termination of this Letter Agreement for a period of twelve (12) years after the date of Delivery of the last Aircraft
to be delivered under the Agreement.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


 


Letter Agreement N°3 – Page 3/4


 




    	 



    	 



    

 


LETTER AGREEMENT N° 3


 


If the foregoing correctly sets forth our understanding, please
execute three (3) originals in the space provided below and return one (1) original of this Letter Agreement to the Seller.


 


	Agreed and Accepted	 	Agreed and Accepted
	 	 	 
	For and on behalf of	 	For and on behalf of


 


	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S.
	CORPORATION LIMITED	 	 


 


	Signature:	/s/ Tang Bing	 	Signature:	/s/ Christophe Mourey
	 	 	 	 	 
	Name:	Tang Bing	 	Name:	Christophe Mourey
	 	 	 	 	
	Title:	Vice President	 	Title:	Senior Vice President Contracts


 


Witnessed and acknowledged,


 


CHINA EASTERN AVIATION


IMPORT & EXPORT CORPORATION


 


	Signature:	/s/ Bien Zhiheng	 	 
	 	 	 	 
	Name:	Bien Zhiheng	 	 
	 	 	 	 
	Title:	Chairman	 	 


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


 


Letter Agreement N°3 - Page 4/4


 




    	 



    	 



    

 


 


LETTER AGREEMENT N°4


 


CHINA EASTERN AIRLINES CORPORATION LIMITED


Hongqiao International Airport,


No. 2550 Hongqiao Road,


Shanghai 200335,


People’s Republic of China


 


***


 


China Eastern Airlines Corporation Limited
(the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into a Purchase Agreement
(the “Agreement”) dated as of even date herewith which covers the manufacture and the sale by the Seller
and the purchase by the Buyer of the Aircraft as described in the Agreement.


 


Capitalized terms used herein and not otherwise
defined in this Letter Agreement shall have the meanings assigned thereto in the Agreement.


 


Both parties agree that this Letter Agreement,
upon execution thereof, shall constitute an integral, nonseverable part of said Agreement and shall be governed by all its provisions,
as such provisions have been specifically amended pursuant to this Letter Agreement.


 


If there is any inconsistency between the Agreement and this
Letter Agreement, the latter shall prevail to the extent of such inconsistency.


 


	A320F NEO - CES 2013 	Private & Confidential
	CT1302606	 


Letter
Agreement N° 4 - Page 1/4


  




    	 



    	 



    

  


LETTER AGREEMENT N°4


 


	 	1	***




 


***


 


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	CT1302606	 


 Letter
Agreement N° 4 - Page 2/4


 




    	 



    	 



    

  


LETTER AGREEMENT N°4


 


		2	Assignment



 


Notwithstanding any other provision
of this Letter Agreement or of the Agreement, this Letter Agreement and the rights and obligations of the Buyer herein shall not
be assigned or transferred in any manner, and any attempted assignment or transfer in contravention of the provisions of this Clause
shall be void and of no force or effect.


 


		3	Confidentiality



 


For the purpose of this Clause
3, the term “Buyer” shall be deemed to include a reference to the Consenting Party.


 


This Letter Agreement (and its
existence) or any data exchanged between the Buyer and the Seller for the fulfillment of their respective obligations under this
Letter Agreement shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party
except as may be required by law, by legal proceedings, or by listing rules, or to auditors, legal or tax advisors for the purpose
of implementation hereof.


 


In particular, both Parties
agree:


		-	not to make any press release concerning the whole or any part of the contents and/or subject matter
of this Letter Agreement without the prior written consent of the other Party hereto.



		-	that any and all terms and conditions
                                         of the transaction contemplated in this Letter Agreement are strictly personal and exclusive
                                         to each Party, (the “Personal Information”). Each Party therefore
                                         agrees to enter into consultations with the other Party reasonably in advance of any
                                         required disclosure of Personal Information to financial institutions, including operating
                                         lessors, investment banks and their agents or other relevant institutions for aircraft
                                         sale and leaseback or any other Aircraft or Predelivery Payment financing purposes (the
                                         “Receiving Party”).



 


Without prejudice to the foregoing,
any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between the Buyer and the Seller,
including in particular, but not limited to:


		(i)	the contact details of the Receiving Party,



		(ii)	the extent of the Personal Information subject to disclosure,



		(iii)	the Aircraft pricing to be provided to the Receiving Party.



 


Furthermore, each Party shall
use its best efforts to limit the disclosure of the contents of this Letter Agreement, the Agreement and/or any Purchase Agreement
to the extent legally permissible in any filing required to be made by any Party with any governmental or regulatory agency, including
under listing rules and as required by legal proceedings.


 


Each Party agrees that prior
to any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms and conditions of the document
to be filed or disclosed.


 


The provisions of this Clause
shall survive any termination of this Letter Agreement for a period of twelve (12) years after the date of Delivery of the last
Aircraft to be delivered under the Agreement.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


 Letter
Agreement N° 4 - Page 3/4


  




    	 



    	 



    

  


LETTER AGREEMENT N°4


 


If the foregoing correctly sets forth our understanding,
please execute three (3) originals in the space provided below and return one (1) original of this Letter Agreement to the Seller.


 


	Agreed
    and Accepted	 	Agreed
    and Accepted
	 	 	 
	For and
    on behalf of	 	For and
    on behalf of
	 	 	 
	CHINA
    EASTERN AIRLINES	 	AIRBUS
    S.A.S. 
	CORPORATION
    LIMITED	 	 


  


	Signature:	/s/ Tang Bing	 	Signature:	/s/ Christophe Mourey
	 	 	 	 	 
	Name:	Tang Bing	 	Name:	Christophe Mourey
	 	 	 	 	 
	Title:	Vice President	 	Title:	Senior Vice President Contracts


 


Witnessed and acknowledged,


 


CHINA EASTERN AVIATION


IMPORT & EXPORT CORPORATION


 


	Signature:	/s/ Bien Zhiheng	 	 
	 	 	 	 
	Name:	Bien Zhiheng	 	 
	 	 	 	 
	Title:	Chairman	 	 


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


 Letter
Agreement N° 4 - Page 4/4


  




    	 



    	 



    

  


LETTER AGREEMENT N°5


 


CHINA EASTERN AIRLINES CORPORATION LIMITED


Hongqiao International Airport,


No. 2550 Hongqiao Road,


Shanghai 200335,


People’s Republic of China


 


***


 


China Eastern Airlines
Corporation Limited (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered
into a Purchase Agreement (the “Agreement”) dated as of even date herewith which covers the manufacture
and the sale by the Seller and the purchase by the Buyer of the Aircraft as described in the Agreement.


 


Capitalized terms used herein
and not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Agreement.


 


Both parties agree that this
Letter Agreement, upon execution thereof, shall constitute an integral, nonseverable part of said Agreement and shall be governed
by all its provisions, as such provisions have been specifically amended pursuant to this Letter Agreement.


 


If there is any inconsistency between the Agreement
and this Letter Agreement, the latter shall prevail to the extent of such inconsistency.


 


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	CT1302606	 


 Letter
Agreement N° 5 - Page 1/9


 




    	 



    	 



    

  


LETTER AGREEMENT N°5


 





		1	***






 


		***	***






 


		***	






 


			***



 





		***	



 





		***	



 





		***	



 





			***




 


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	CT1302606	 


 Letter
Agreement N° 5 - Page 2/9


 




    	 



    	 



    

  


LETTER AGREEMENT N°5


 


***


 


***


 


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	CT1302606	 


 Letter
Agreement N° 5 - Page 3/9


 




    	 



    	 



    

 


LETTER AGREEMENT N°5


 


***


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


  Letter
Agreement N° 5 - Page 4/9


 




    	 



    	 



    

  


LETTER AGREEMENT N°5


 


		3	***





 


***


 


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	CT1302606	 


 Letter
Agreement N° 5 - Page 5/9


 




    	 



    	 



    

 


LETTER AGREEMENT N°5


 


***


 


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 Letter
Agreement N° 5 - Page 6/9


 




    	 



    	 



    

  


LETTER AGREEMENT N°5


 





		4.3.3	***






 


		***	***



 





		***	***






 


		***	***






 


			***






 


			***




 


		6	Assignment



 


Notwithstanding any other provision
of this Letter Agreement or of the Agreement, this Letter Agreement and the rights and obligations of the Buyer herein shall not
be assigned or transferred in any manner, and any attempted assignment or transfer in contravention of the provisions of this Clause
shall be void and of no force or effect.


 


		7	Confidentiality



 


For the purpose of this Clause
7, the term “Buyer” shall be deemed to include a reference to the Consenting Party.


 


	A320F NEO - CES 2013	Private
    & Confidential
	CT1302606	 


 Letter
Agreement N° 5 - Page 7/9 


 




    	 



    	 



    

 


LETTER AGREEMENT N°5


 


This Letter Agreement (and its
existence) or any data exchanged between the Buyer and the Seller for the fulfillment of their respective obligations under this
Letter Agreement shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party
except as may be required by law, by legal proceedings, or by listing rules, or to auditors, legal or tax advisors for the purpose
of implementation hereof.


 


In particular, both Parties
agree:


		-	not to make any press release concerning the whole or any part of the contents and/or subject matter
of this Letter Agreement without the prior written consent of the other Party hereto.



		-	that
                                         any and all terms and conditions of the transaction contemplated in this Letter Agreement
                                         are strictly personal and exclusive to each Party, (the “Personal Information”).
                                         Each Party therefore agrees to enter into consultations with the other Party reasonably
                                         in advance of any required disclosure of Personal Information to financial institutions,
                                         including operating lessors, investment banks and their agents or other relevant institutions
                                         for aircraft sale and leaseback or any other Aircraft or Predelivery Payment financing
                                         purposes (the “Receiving Party”).



 


Without prejudice to the foregoing,
any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between the Buyer and the Seller,
including in particular, but not limited to:


		(i)	the contact details of the Receiving Party,



		(ii)	the extent of the Personal Information subject to disclosure,



		(iii)	the Aircraft pricing to be provided to the Receiving Party.



 


Furthermore, each Party shall
use its best efforts to limit the disclosure of the contents of this Letter Agreement, the Agreement and/or any Purchase Agreement
to the extent legally permissible in any filing required to be made by any Party with any governmental or regulatory agency, including
under listing rules and as required by legal proceedings.


 


Each Party agrees that prior
to any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms and conditions of the document
to be filed or disclosed.


 


The provisions of this Clause
shall survive any termination of this Letter Agreement for a period of twelve (12) years after the date of Delivery of the last
Aircraft to be delivered under the Agreement.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


 Letter
Agreement N° 5 - Page 8/9 


 




    	 



    	 



    

  


LETTER AGREEMENT N°5


 


If the foregoing correctly sets forth our understanding,
please execute three (3) originals in the space provided below and return one (1) original of this Letter Agreement to the Seller.


 


	Agreed and Accepted	 	Agreed and Accepted
	 	 	 
	For and on behalf of	 	For and on behalf of
	 	 	 
	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S. 
	CORPORATION LIMITED	 	 


 


	Signature:	/s/ Tang Bing	 	Signature:	/s/ Christophe Mourey
	 	 	 	 	 
	Name:	Tang Bing	 	Name:	Christophe Mourey
	 	 	 	 	 
	Title:	Vice President	 	Title:	Senior Vice President Contracts


 


Witnessed and acknowledged,


 


CHINA EASTERN AVIATION


IMPORT & EXPORT CORPORATION


 


	Signature:	/s/ Bien Zhiheng	 	 
	 	 	 	 
	Name:	Bien Zhiheng	 	 
	 	 	 	 
	Title:	Chairman	 	 


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


 Letter
Agreement N° 5 - Page 9/9


 




    	 



    	 



    




 


LETTER AGREEMENT N° 6


 


CHINA EASTERN AIRLINES CORPORATION LIMITED


Hongqiao International Airport,


No. 2550 Hongqiao Road,


Shanghai 200335,


People’s Republic of China


 


***


 


China Eastern Airlines Corporation Limited
(the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into a Purchase
Agreement (the “Agreement”) dated as of even date herewith which covers the manufacture and the sale
by the Seller and the purchase by the Buyer of the Aircraft as described in the Agreement.


 


Capitalized terms used herein and not otherwise
defined in this Letter Agreement shall have the meanings assigned thereto in the Agreement.


 


Both parties agree that this Letter Agreement,
upon execution thereof, shall constitute an integral, nonseverable part of said Agreement and shall be governed by all its provisions,
as such provisions have been specifically amended pursuant to this Letter Agreement.


 


If there is any inconsistency between the Agreement and this Letter
Agreement, the latter shall prevail to the extent of such inconsistency.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 6 - Page 1/14


 




    	 



    	 



    

 


LETTER AGREEMENT N° 6


 


***


 





	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 6 - Page 2/14



 




    	 



    	 



    

 


LETTER AGREEMENT N° 6


 


***


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 6 - Page 3/14


 




    	 



    	 



    

 


 


LETTER AGREEMENT N° 6


 


***


 





	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 6 - Page 4/14



 




    	 



    	 



    

 


LETTER AGREEMENT N° 6


 





			***


 





UNQUOTE


 


		5.2	Sub-Clause 10.2 of the Agreement shall be considered void and replaced by the following provisions
between the words “QUOTE” and “UNQUOTE”:



 


QUOTE


		10.2	***



 


UNQUOTE


 


		5.3	Sub-Clause 10.5 of the Agreement shall be considered void and replaced by the following provisions
between the words “QUOTE” and “UNQUOTE”:



 


QUOTE


		10.5	Termination Rights Exclusive



 





			***


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 6 - Page 5/14


 






    	 



    	 



    

 


LETTER AGREEMENT N° 6


 


***


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 6 - Page 6/14


 






    	 



    	 



    

 


LETTER AGREEMENT N° 6


 


***


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 6 - Page 7/14


 






    	 



    	 



    

 


LETTER AGREEMENT N° 6


 


***


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 6 - Page 8/14


 






    	 



    	 



    

 


LETTER AGREEMENT N° 6


 


***


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 6 - Page 9/14


 






    	 



    	 



    

 


LETTER AGREEMENT N° 6


 


***


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 6 - Page 10/14


 






    	 



    	 



    

 


LETTER AGREEMENT N° 6


 


***


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 6 - Page 11/14





 



    	 



    	 



    




 


LETTER AGREEMENT N° 6


 


UNQUOTE


 


		10	Assignment



 





			Notwithstanding any other provision of this Letter Agreement or of the Agreement, this Letter Agreement
and the rights and obligations of the Buyer herein shall not be assigned or transferred in any manner, and any attempted assignment
or transfer in contravention of the provisions of this Clause shall be void and of no force or effect.





 


		11	Confidentiality



 


			For the purpose of this Clause 11, the term “Buyer” shall be deemed to include a reference
to the Consenting Party.



 


			This Letter Agreement (and its existence) or any data exchanged between the Buyer and the Seller
for the fulfillment of their respective obligations under this Letter Agreement shall be treated by both Parties as confidential
and shall not be released in whole or in part to any third party except as may be required by law, by legal proceedings, or by
listing rules, or to auditors, legal or tax advisors for the purpose of implementation hereof.



 


In particular, both Parties agree:





	 	-	not to make any press release concerning the whole or any part of the contents and/or subject matter of this Letter Agreement without the prior written consent of the other Party hereto.
	 	-	that any and all terms and conditions of the transaction contemplated in this Letter Agreement are strictly personal and exclusive to each Party, (the “Personal Information”). Each Party therefore agrees to enter into consultations with the other Party reasonably in advance of any required disclosure of Personal Information to financial institutions, including operating lessors, investment banks and their agents or other relevant institutions for aircraft sale and leaseback or any other Aircraft or Predelivery Payment financing purposes (the “Receiving Party”).







 


			Without prejudice to the foregoing, any disclosure of Personal Information to a Receiving Party
shall be subject to written agreement between the Buyer and the Seller, including in particular, but not limited to:



		(i)	the contact details of the Receiving Party,



		(ii)	the extent of the Personal Information subject to disclosure,



		(iii)	the Aircraft pricing to be provided to the Receiving Party.



 


			Furthermore, each Party shall use its best efforts to limit the disclosure of the contents of this
Letter Agreement, the Agreement and/or any Purchase Agreement to the extent legally permissible in any filing required to be made
by any Party with any governmental or regulatory agency, including under listing rules and as required by legal proceedings.



 


			Each Party agrees that prior to any such disclosure or filing, the Seller and the Buyer shall jointly
review and agree on the terms and conditions of the document to be filed or disclosed.



 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 6 - Page 12/14


 




    	 



    	 



    

 


LETTER AGREEMENT N° 6


 





			The provisions of this Clause shall survive any termination of this Letter Agreement for a period
of twelve (12) years after the date of Delivery of the last Aircraft to be delivered under the Agreement.





 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 6 - Page 13/14


 






    	 



    	 



    

 


LETTER AGREEMENT N° 6


 


If the foregoing correctly sets forth our understanding, please
execute three (3) originals in the space provided below and return one (1) original of this Letter Agreement to the Seller.


 


	Agreed and Accepted	 	Agreed and Accepted
	 	 	 
	For and on behalf of	 	For and on behalf of
	 	 	 
	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S. 
	CORPORATION LIMITED	 	 


 


	Signature:	/s/ Tang Bing	 	Signature:	/s/ Christophe Mourey
	 	 	 	 	 
	Name:	Tang Bing	 	Name::	Christophe Mourey
    
	 	 	 	 	Senior Vice President Contracts
	 	 	 	 	 
	Title:	Vice President	 	Title:	 


 


Witnessed and acknowledged,


 


CHINA EASTERN AVIATION


IMPORT & EXPORT CORPORATION


 


	Signature:	/s/ Bien Zhiheng	 	 
	 	 	 	 
	Name:	Bien Zhiheng	 	 
	 	 	 	 
	Title:	Chairman	 	 


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 6 - Page 14/14


 




    	 



    	 



    

 


LETTER AGREEMENT N° 7


 


CHINA EASTERN AIRLINES CORPORATION LIMITED


Hongqiao International Airport,


No. 2550 Hongqiao Road,


Shanghai 200335,


People’s Republic of China


 


***


 


China Eastern Airlines Corporation Limited
(the “CHINA EASTERN”) and Airbus S.A.S. (the “AIRBUS”) have entered into a
Purchase Agreement (the “Agreement”) dated as of even date herewith which covers the manufacture and the sale
by AIRBUS and the purchase by CHINA EASTERN of the Aircraft as described in the Agreement.


 


Capitalized terms used herein and not otherwise
defined in this Letter Agreement shall have the meanings assigned thereto in the Agreement.


 


Both parties agree that this Letter Agreement,
upon execution thereof, shall constitute an integral, nonseverable part of said Agreement and shall be governed by all its provisions,
as such provisions have been specifically amended pursuant to this Letter Agreement.


 


If there is any inconsistency between the Agreement and this Letter
Agreement, the latter shall prevail to the extent of such inconsistency.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 7 - Page 1/4


 






    	 



    	 



    

 


LETTER AGREEMENT N° 7


 


*** 


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 7 - Page 2/4


 






    	 



    	 



    

 


LETTER AGREEMENT N° 7


 


			Without prejudice to the foregoing, any disclosure of Personal Information to a Receiving Party
shall be subject to written agreement between the Buyer and the Seller, including in particular, but not limited to:



		(i)	the contact details of the Receiving Party,



		(ii)	the extent of the Personal Information subject to disclosure,



		(iii)	the Aircraft pricing to be provided to the Receiving Party.



 


			Furthermore, each Party shall use its best efforts to limit the disclosure of the contents of this
Letter Agreement, the Agreement and/or any Purchase Agreement to the extent legally permissible in any filing required to be made
by any Party with any governmental or regulatory agency, including under listing rules and as required by legal proceedings.



 


			Each Party agrees that prior to any such disclosure or filing, the Seller and the Buyer shall jointly
review and agree on the terms and conditions of the document to be filed or disclosed.



 


			The provisions of this Clause shall survive any termination of this Letter Agreement for a period
of twelve (12) years after the date of Delivery of the last Aircraft to be delivered under the Agreement.



 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 7 - Page 3/4


 






    	 



    	 



    

 


LETTER AGREEMENT N° 7


 


If the foregoing correctly sets forth our understanding, please
execute three (3) originals in the space provided below and return one (1) original of this Letter Agreement to AIRBUS.


 


	Agreed and Accepted	 	Agreed and Accepted
	 	 	 
	For and on behalf of	 	For and on behalf of
	 	 	 
	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S. 
	CORPORATION LIMITED	 	 


 


	Signature:	/s/ Tang Bing	 	Signature:	/s/ Christophe Mourey
	 	 	 	 	 
	Name:	Tang Bing	 	Name:	Christophe Mourey
    
	 	 	 	 	
	Title:	Vice President	 	Title:	Senior Vice President Contracts


 


Witnessed and acknowledged,


 


CHINA EASTERN AVIATION


IMPORT & EXPORT CORPORATION


 





	Signature:	/s/ Bien Zhiheng	 	 
	 	 	 	 
	Name:	Bien Zhiheng	 	 
	 	 	 	 
	Title:	Chairman	 	 





 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 7 - Page 4/4


 






    	 



    	 



    

 


LETTER AGREEMENT N° 8


 


CHINA EASTERN AIRLINES CORPORATION LIMITED


Hongqiao International Airport,


No. 2550 Hongqiao Road,


Shanghai 200335,


People’s Republic of China


 


***


 


China Eastern Airlines Corporation Limited
(the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into a Purchase Agreement
(the “Agreement”) dated as of even date herewith which covers the manufacture and the sale by the Seller
and the purchase by the Buyer of the Aircraft as described in the Agreement.


 


Capitalized terms used herein and not otherwise
defined in this Letter Agreement shall have the meanings assigned thereto in the Agreement.


 


Both parties agree that this Letter Agreement,
upon execution thereof, shall constitute an integral, nonseverable part of said Agreement and shall be governed by all its provisions,
as such provisions have been specifically amended pursuant to this Letter Agreement.


 


If there is any inconsistency between the Agreement and this Letter
Agreement, the latter shall prevail to the extent of such inconsistency.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 8 - Page 1/6


 






    	 



    	 



    

 


LETTER AGREEMENT N° 8


 


***


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N° 8 - Page 2/6


 



    	 



    	 



    







 


LETTER AGREEMENT N° 8


 


***


 





	A320F NEO - CES 2013 

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Letter Agreement N° 8 - Page 3/6


 




    	 



    	 



    

  


LETTER AGREEMENT N° 8


 


***


 





	A320F NEO - CES 2013 

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Letter Agreement N° 8 - Page 4/6


 




    	 



    	 



    

  


LETTER AGREEMENT N° 8


 


		7	Assignment



 


Notwithstanding any other provision
of this Letter Agreement or of the Agreement, this Letter Agreement and the rights and obligations of the Buyer herein shall not
be assigned or transferred in any manner, and any attempted assignment or transfer in contravention of the provisions of this Clause
shall be void and of no force or effect.


 


		8	Confidentiality



 


For the purpose of this Clause 8, the term “Buyer”
shall be deemed to include a reference to the Consenting Party.


 


This Letter Agreement (and its
existence) or any data exchanged between the Buyer and the Seller for the fulfillment of their respective obligations under this
Letter Agreement shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party
except as may be required by law, by legal proceedings, or by listing rules, or to auditors, legal or tax advisors for the purpose
of implementation hereof.


 


In particular, both Parties agree:


		-	not to make any press release concerning the whole or any part of the contents and/or subject matter
of this Letter Agreement without the prior written consent of the other Party hereto.



		-	that any and all terms and conditions of the transaction contemplated in this Letter Agreement
are strictly personal and exclusive to each Party, (the “Personal Information”). Each Party therefore agrees to
enter into consultations with the other Party reasonably in advance of any required disclosure of Personal Information to financial
institutions, including operating lessors, investment banks and their agents or other relevant institutions for aircraft sale and
leaseback or any other Aircraft or Predelivery Payment financing purposes (the “Receiving Party”).



 


Without prejudice to the foregoing,
any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between the Buyer and the Seller,
including in particular, but not limited to:


		(i)	the contact details of the Receiving Party,



		(ii)	the extent of the Personal Information subject to disclosure,



		(iii)	the Aircraft pricing to be provided to the Receiving Party.



 


Furthermore, each Party shall use
its best efforts to limit the disclosure of the contents of this Letter Agreement, the Agreement and/or any Purchase Agreement
to the extent legally permissible in any filing required to be made by any Party with any governmental or regulatory agency, including
under listing rules and as required by legal proceedings.


 


Each Party agrees that prior to
any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms and conditions of the document
to be filed or disclosed.


 


The provisions of this Clause shall
survive any termination of this Letter Agreement for a period of twelve (12) years after the date of Delivery of the last Aircraft
to be delivered under the Agreement.


  


	A320F NEO - CES 2013 

CT1302606	Private & Confidential


Letter Agreement N° 8 - Page 5/6


 




    	 



    	 



    

  


LETTER AGREEMENT N° 8


 


If the foregoing correctly sets forth our understanding, please
execute three (3) originals in the space provided below and return one (1) original of this Letter Agreement to the Seller.


 


	Agreed and Accepted	 	Agreed and Accepted
	 	 	 
	For and on behalf of	 	For and on behalf of
	 	 	 
	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S.
	CORPORATION LIMITED	 	 


 


	Signature:	/s/ Tang Bing	 	Signature:	/s/ Christophe Mourey
	 	 	 	 	 
	Name:	Tang Bing	 	Name:	Christophe Mourey 
	 	 	 	 	 
	Title:	Vice President	 	Title:	Senior Vice President Contracts


 


Witnessed and acknowledged,


 


CHINA EASTERN AVIATION


IMPORT & EXPORT CORPORATION


 


	Signature:	/s/ Bien Zhiheng	 	 	 
	 	 	 	 	 
	Name:	Bien Zhiheng	 	 	 
	 	 	 	 	 
	Title:	Chairman	 	 	 


 





	A320F NEO - CES 2013 

CT1302606	Private & Confidential





Letter Agreement N° 8 - Page 6/6


 




    	 



    	 



    

  


	APPENDIX 1 to LETTER AGREEMENT N° 8	PART 1


 


***


 


	A320F NEO - CES 2013 

CT1302606	Private & Confidential


Apx 1 to LA N° 8 - Page 1/3


 




    	 



    	 



    

  


	APPENDIX 1 to LETTER AGREEMENT N° 8	PART 1


 


***


  


	A320F NEO - CES 2013 

CT1302606	Private & Confidential


Apx 1 to LA N° 8 - Page 2/3


 




    	 



    	 



    

  


	APPENDIX 1 to LETTER AGREEMENT N° 8	PART 2


 


***


 


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Apx 1 to LA N° 8 - Page 3/3


 




    	 



    	 



    

  


	APPENDIX 2 to LETTER AGREEMENT N° 8	PART 1


 


 ***


 


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	CT1302606	 


Apx 2 to LA N° 8 - Page 1/3


 




    	 



    	 



    

  


	APPENDIX 2 to LETTER AGREEMENT N° 8	PART 1


  


***


 


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	CT1302606	 


Apx 2 to LA N° 8 - Page 2/3


 


 




    	 



    	 



    

  


	APPENDIX 2 to LETTER AGREEMENT N° 8	PART 2


 


***


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Apx 2 to LA N° 8 - Page 3/3


 




    	 



    	 



    

  


	APPENDIX 3 to LETTER AGREEMENT N° 8	PART 1


 


***


 





	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Apx 2 to LA N° 8 - Page 1/3


 




    	 



    	 



    

  


	APPENDIX 3 to LETTER AGREEMENT N° 8	PART 1


 


 


***


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Apx 3 to LA N° 8 - Page 2/3


 




    	 



    	 



    

  


	APPENDIX 2 to LETTER AGREEMENT N° 8	PART 2


 


***


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Apx 3 to LA N° 8 - Page 3/3


 




    	 



    	 



    

  


LETTER AGREEMENT N° 9


 


CHINA EASTERN AIRLINES CORPORATION LIMITED


Hongqiao International Airport,


No. 2550 Hongqiao Road,


Shanghai 200335,


People’s Republic of China


 


***


 


China Eastern Airlines Corporation Limited
(the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into a Purchase
Agreement (the “Agreement”) dated as of even date herewith which covers the manufacture and the sale by the
Seller and the purchase by the Buyer of the Aircraft as described in the Agreement.


 


Capitalized terms used herein and not otherwise
defined in this Letter Agreement shall have the meanings assigned thereto in the Agreement.


 


Both parties agree that this Letter Agreement,
upon execution thereof, shall constitute an integral, nonseverable part of said Agreement and shall be governed by all its provisions,
as such provisions have been specifically amended pursuant to this Letter Agreement.


 


If there is any inconsistency between the Agreement and this
Letter Agreement, the latter shall prevail to the extent of such inconsistency.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N°9 - Page 1/4


 




    	 



    	 



    

  


LETTER AGREEMENT N° 9


 


***


 





		4	Assignment



 


Notwithstanding any other provision
of this Letter Agreement or of the Agreement, this Letter Agreement and the rights and obligations of the Buyer herein shall not
be assigned or transferred in any manner, and any attempted assignment or transfer in contravention of the provisions of this Clause
shall be void and of no force or effect.


 


		5	Confidentiality



 


For the purpose of this Clause
5, the term “Buyer” shall be deemed to include a reference to the Consenting Party.


 


This Letter Agreement (and its
existence) or any data exchanged between the Buyer and the Seller for the fulfillment of their respective obligations under this
Letter Agreement shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party
except as may be required by law, by legal proceedings, or by listing rules, or to auditors, legal or tax advisors for the purpose
of implementation hereof.


 


In particular, both Parties agree:


 


	A320F NEO - CES 2013	Private & Confidential 
	CT1302606	 


Letter Agreement N°9 - Page 2/4


 




    	 



    	 



    

 





LETTER AGREEMENT N° 9


 


		-	not to make any press release concerning
the whole or any part of the contents and/or subject matter of this Letter Agreement without the prior written consent of the other
Party hereto.



		-	that
                                         any and all terms and conditions of the transaction contemplated in this Letter Agreement
                                         are strictly personal and exclusive to each Party, (the “Personal Information”).
                                         Each Party therefore agrees to enter into consultations with the other Party reasonably
                                         in advance of any required disclosure of Personal Information to financial institutions,
                                         including operating lessors, investment banks and their agents or other relevant institutions
                                         for aircraft sale and leaseback or any other Aircraft or Predelivery Payment financing
                                         purposes (the “Receiving Party”).



 


Without prejudice to the foregoing,
any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between the Buyer and the Seller,
including in particular, but not limited to:


		(i)	the contact details of the Receiving Party,



		(ii)	the extent of the Personal Information subject to disclosure,



		(iii)	the Aircraft pricing to be provided to the Receiving
Party.



 


Furthermore, each Party shall use
its best efforts to limit the disclosure of the contents of this Letter Agreement, the Agreement and/or any Purchase Agreement
to the extent legally permissible in any filing required to be made by any Party with any governmental or regulatory agency, including
under listing rules and as required by legal proceedings.


 


Each Party agrees that prior to
any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms and conditions of the document
to be filed or disclosed.


 


The provisions of this Clause shall
survive any termination of this Letter Agreement for a period of twelve (12) years after the date of Delivery of the last Aircraft
to be delivered under the Agreement.


 


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	CT1302606	 


Letter Agreement N°9 - Page 3/4




    	 



    	 



    

 


LETTER AGREEMENT N° 9


 


If the foregoing correctly sets forth our understanding, please
execute three (3) originals in the space provided below and return one (1) original of this Letter Agreement to the Seller.


 


	Agreed and Accepted	 	Agreed and Accepted
	 	 	 
	For and on behalf of	 	For and on behalf of
	 	 	 
	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S. 
	CORPORATION LIMITED	 	 


 


	Signature:	/s/ Tang Bing	 	Signature:	/s/ Christophe Mourey
	 	 	 	 	 
	Name:	Tang Bing	 	Name:	Christophe Mourey
	 	 	 	 	Senior Vice President Contracts
	Title:	Vice President	 	Title:	 


 


	Witnessed and acknowledged,	 	 
	 	 	 	 
	CHINA EASTERN AVIATION	 	 
	IMPORT & EXPORT CORPORATION	 	 
	 	 	 	 
	Signature:	/s/ Bien Zhiheng	 	 
	 	 	 	 
	Name:	Bien Zhiheng	 	 
	 	 	 	 
	Title:	Chairman	 	 


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


Letter Agreement N°9 - Page 4/4


 




    	 



    	 



    

 


SIDE LETTER N° 1 


 


CHINA EASTERN AIRLINES CORPORATION LIMITED


Hongqiao International Airport,


No. 2550 Hongqiao Road,


Shanghai 200335,


People’s Republic of China


 


***


 


China Eastern Airlines Corporation Limited
(the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into a Purchase
Agreement (the “Agreement”) dated as of even date herewith which covers the manufacture and the sale
by the Seller and the purchase by the Buyer of the Aircraft as described in the Agreement.


 


Capitalized terms used herein and not otherwise
defined in this Side Letter shall have the meanings assigned thereto in the Agreement.


 


Both parties agree that this Side Letter, upon
execution thereof, shall constitute an integral, nonseverable part of said Agreement and shall be governed by all its provisions,
as such provisions have been specifically amended pursuant to this Side Letter.


 


If there is any inconsistency between the Agreement and this Side
Letter, the latter shall prevail to the extent of such inconsistency.


 


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	CT1302606	 


SIDE LETTER N°1 - Page 1/4


 




    	 



    	 



    

 


SIDE LETTER N° 1 


 


		1	***



 


		2	***



 


		3	Assignment



 


Notwithstanding any other provision
of this Side Letter or of the Agreement, this Side Letter and the rights and obligations of the Buyer herein shall not be assigned
or transferred in any manner, and any attempted assignment or transfer in contravention of the provisions of this Clause shall
be void and of no force or effect.


 


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SIDE LETTER N°1 - Page 2/4


 




    	 



    	 



    

 


SIDE LETTER N° 1 


 


		4	Confidentiality



 


For the purpose of this Clause 4,
the term “Buyer” shall be deemed to include a reference to the Consenting Party.


 


This Side Letter (and its existence)
or any data exchanged between the Buyer and the Seller for the fulfillment of their respective obligations under this Side Letter
shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party except as may
be required by law, by legal proceedings, or by listing rules, or to auditors, legal or tax advisors for the purpose of implementation
hereof.


 


In particular, both Parties agree:


		-	not to make any press release concerning the whole or any part of the contents and/or subject matter
of this Side Letter without the prior written consent of the other Party hereto.



		-	that any and all terms and conditions
                                         of the transaction contemplated in this Side Letter are strictly personal and exclusive
                                         to each Party. (the “Personal Information”). Each Party therefore
                                         agrees to enter into consultations with the other Party reasonably in advance of any
                                         required disclosure of Personal Information to financial institutions, including operating
                                         lessors, investment banks and their agents or other relevant institutions for aircraft
                                         sale and leaseback or any other Aircraft or Predelivery Payment financing purposes (the
                                         “Receiving Party”).



 


Without prejudice to the foregoing,
any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between the Buyer and the Seller,
including in particular, but not limited to:


		(i)	the contact details of the Receiving Party,



		(ii)	the extent of the Personal Information subject to disclosure,



		(iii)	the Aircraft pricing to be provided to the Receiving Party.



 


Furthermore, each Party shall use
its best efforts to limit the disclosure of the contents of this Side Letter, the Agreement and/or any Purchase Agreement to the
extent legally permissible in any filing required to be made by any Party with any governmental or regulatory agency, including
under listing rules and as required by legal proceedings.


 


Each Party agrees that prior to
any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms and conditions of the document
to be filed or disclosed.


 


The provisions of this Clause shall
survive any termination of this Side Letter for a period of twelve (12) years after the date of Delivery of the last Aircraft to
be delivered under the Agreement.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


SIDE LETTER N°1 - Page 3/4




    	 



    	 



    

 


SIDE LETTER N° 1


 


If the foregoing correctly sets forth our understanding, please
execute three (3) originals in the space provided below and return one (1) original of this Side Letter to the Seller.


 


	Agreed and Accepted	 	Agreed and Accepted
	 	 	 
	For and on behalf of	 	For and on behalf of
	 	 	 
	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S. 
	CORPORATION LIMITED	 	 


 


	Signature:	/s/ Tang Bing	 	Signature:	/s/ Christophe Mourey
	 	 	 	 	 
	Name:	Tang Bing	 	Name:	Christophe Mourey
	 	 	 	 	Senior Vice President Contracts
	Title:	Vice President	 	Title:	 


 


	Witnessed and acknowledged,	 	 
	 	 	 	 
	CHINA EASTERN AVIATION	 	 
	IMPORT & EXPORT CORPORATION	 	 
	 	 	 	 
	Signature:	/s/ Bien Zhiheng	 	 
	 	 	 	 
	Name:	Bien Zhiheng	 	 
	 	 	 	 
	Title:	Chairman	 	 


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


SIDE LETTER N°1 - Page 4/4


 




    	 



    	 



    

 


SIDE LETTER N°2


 


CHINA EASTERN AIRLINES CORPORATION LIMITED


Hongqiao International Airport,


No. 2550 Hongqiao Road,


Shanghai 200335,


People’s Republic of China


 


***


 


China Eastern Airlines Corporation Limited
(the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into a Purchase Agreement (the “Agreement”)
dated as of even date herewith which covers the manufacture and the sale by the Seller and the purchase by the Buyer of the
Aircraft as described in the Agreement.


 


Capitalized terms used herein and not otherwise
defined in this Side Letter shall have the meanings assigned thereto in the Agreement.


 


Both parties agree that this Side Letter, upon
execution thereof, shall constitute an integral, nonseverable part of said Agreement and shall be governed by all its provisions,
as such provisions have been specifically amended pursuant to this Side Letter.


 


If there is any inconsistency between the Agreement and this Side
Letter, the latter shall prevail to the extent of such inconsistency.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


SIDE LETTER N°2 - Page 1/7


 




    	 



    	 



    

 


SIDE LETTER N°2


 


		1	***



 


		2	***



 


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SIDE LETTER N°2 - Page 2/7


 




    	 



    	 



    

 


SIDE LETTER N°2


 


***


 


		3	***



 


 


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SIDE LETTER N°2 - Page 3/7


 




    	 



    	 



    

 


 


SIDE LETTER N°2


 


		4	***



 


		5	***



 


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SIDE LETTER N°2 - Page 4/7


 




    	 



    	 



    

 


SIDE LETTER N°2


 


***


 


		6	Assignment



 


Notwithstanding any other provision
of this Side Letter or of the Agreement, this Side Letter and the rights and obligations of the Buyer herein shall not be assigned
or transferred in any manner, and any attempted assignment or transfer in contravention of the provisions of this Clause shall
be void and of no force or effect.


 


		7	Confidentiality



 


For the purpose of this Clause 7,
the term “Buyer” shall be deemed to include a reference to the Consenting Party.


 


This Side Letter (and its existence)
or any data exchanged between the Buyer and the Seller for the fulfillment of their respective obligations under this Side Letter
shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party except as may
be required by law, by legal proceedings, or by listing rules, or to auditors, legal or tax advisors for the purpose of implementation
hereof.


 


In particular, both Parties agree:


		-	not to make any press release concerning the whole or any part of the contents and/or subject matter
of this Side Letter without the prior written consent of the other Party hereto.



		-	that
                                         any and all terms and conditions of the transaction contemplated in this Side Letter
                                         are strictly personal and exclusive to each Party, (the “Personal Information”).
                                         Each Party therefore agrees to enter into consultations with the other Party reasonably
                                         in advance of any required disclosure of Personal Information to financial institutions,
                                         including operating lessors, investment banks and their agents or other relevant institutions
                                         for aircraft sale and leaseback or any other Aircraft or Predelivery Payment financing
                                         purposes (the “Receiving Party”).



 


Without prejudice to the foregoing,
any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between the Buyer and the Seller,
including in particular, but not limited to:


		(i)	the contact details of the Receiving Party,



		(ii)	the extent of the Personal Information subject to disclosure,



		(iii)	the Aircraft pricing to be provided to the Receiving Party.



 


Furthermore, each Party shall use
its best efforts to limit the disclosure of the contents of this Side Letter, the Agreement and/or any Purchase Agreement to the
extent legally permissible in any filing required to be made by any Party with any governmental or regulatory agency, including
under listing rules and as required by legal proceedings.


 


 


	A320F NEO - CES 2013	Private & Confidential
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SIDE LETTER N°2 - Page 5/7


 




    	 



    	 



    

 


SIDE LETTER N°2


 


Each Party agrees that prior to
any such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms and conditions of the document
to be filed or disclosed.


 


The provisions of this Clause shall
survive any termination of this Side Letter for a period of twelve (12) years after the date of Delivery of the last Aircraft to
be delivered under the Agreement.


 


		8	***



 


	A320F NEO - CES 2013	Private & Confidential
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SIDE LETTER N°2 - Page 6/7


 




    	 



    	 



    

 


SIDE LETTER N°2


 


If the foregoing correctly sets forth our understanding,
please execute three (3) originals in the space provided below and return one (1) original of this Side Letter to the Seller.


 


	Agreed and Accepted	 	Agreed and Accepted
	 	 	 
	For and on behalf of	 	For and on behalf of
	 	 	 
	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S. 
	CORPORATION LIMITED	 	 


 


	Signature:	/s/ Tang Bing	 	Signature:	/s/ Christophe Mourey
	 	 	 	 	 
	Name:	Tang Bing	 	Name:	Christophe Mourey
	 	 	 	 	Senior Vice President Contracts
	Title:	Vice President	 	Title:	 


 


	Witnessed and acknowledged,	 	 
	 	 	 	 
	CHINA EASTERN AVIATION	 	 
	IMPORT & EXPORT CORPORATION	 	 
	 	 	 	 
	Signature:	/s/ Bien Zhiheng	 	 
	 	 	 	 
	Name:	Bien Zhiheng	 	 
	 	 	 	 
	Title:	Chairman	 	 


 


	A320F NEO - CES 2013	Private & Confidential
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SIDE LETTER N°2 - Page 7/7


 




    	 



    	 



    

 


SIDE LETTER N°3


 


CHINA EASTERN AIRLINES CORPORATION LIMITED


Hongqiao International Airport,


No. 2550 Hongqiao Road,


Shanghai 200335,


People’s Republic of China


 


***


 


China Eastern Airlines Corporation Limited
(the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into a Purchase Agreement
(the “Agreement”) dated as of even date herewith which covers the manufacture and the sale by the Seller
and the purchase by the Buyer of the Aircraft as described in the Agreement.


 


Capitalized terms used herein and not otherwise
defined in this Side Letter shall have the meanings assigned thereto in the Agreement.


 


Both parties agree that this Side Letter, upon
execution thereof, shall constitute an integral, nonseverable part of said Agreement and shall be governed by all its provisions,
as such provisions have been specifically amended pursuant to this Side Letter.


 


If there is any inconsistency between the Agreement and this Side
Letter, the latter shall prevail to the extent of such inconsistency.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


SIDE LETTER N°3 - Page 1/4


 




    	 



    	 



    

 


SIDE LETTER N°3


 


		1	***



 


		2	Assignment



 


Notwithstanding any other provision
of this Side Letter or of the Agreement, this Side Letter and the rights and obligations of the Buyer herein shall not be assigned
or transferred in any manner, and any attempted assignment or transfer in contravention of the provisions of this Clause shall
be void and of no force or effect.


 


		3	Confidentiality



 


For the purpose of this Clause 3, the term “Buyer”
shall be deemed to include a reference to the Consenting Party.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


SIDE LETTER N°3 - Page 2/4


 




    	 



    	 



    

 


SIDE LETTER N°3


 


This Side Letter (and its existence)
or any data exchanged between the Buyer and the Seller for the fulfillment of their respective obligations under this Side Letter
shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party except as may
be required by law, by legal proceedings, or by listing rules, or to auditors, legal or tax advisors for the purpose of implementation
hereof.


 


In particular, both Parties agree:


		-	not to make any press release concerning the whole or any part of the contents and/or subject matter
of this Side Letter without the prior written consent of the other Party hereto.



		-	that any and all terms and conditions
                                         of the transaction contemplated in this Side Letter are strictly personal and exclusive
                                         to each Party, (the “Personal Information”). Each Party therefore
                                         agrees to enter into consultations with the other Party reasonably in advance of any
                                         required disclosure of Personal Information to financial institutions, including operating
                                         lessors, investment banks and their agents or other relevant institutions for aircraft
                                         sale and leaseback or any other Aircraft or Predelivery Payment financing purposes (the
                                         “Receiving Party”).



 


Without prejudice to the foregoing,
any disclosure of Personal Information to a Receiving Party shall be subject to written agreement between the Buyer and the Seller,
including in particular, but not limited to:


(i)the contact details of the Receiving Party,


(ii)the extent of the Personal Information subject
to disclosure,


(iii)the Aircraft pricing to be provided to the Receiving
Party.


 


Furthermore, each Party shall use
its best efforts to limit the disclosure of the contents of this Side Letter, the Agreement and/or any Purchase Agreement to the
extent legally permissible in any filing required to be made by any Party with any governmental or regulatory agency, including
under listing rules and as required by legal proceedings.


 


Each Party agrees that prior to any
such disclosure or filing, the Seller and the Buyer shall jointly review and agree on the terms and conditions of the document
to be filed or disclosed.


 


The provisions of this Clause shall
survive any termination of this Side Letter for a period of twelve (12) years after the date of Delivery of the last Aircraft to
be delivered under the Agreement.


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


SIDE LETTER N°3 - Page 3/4


 




    	 



    	 



    

  


SIDE LETTER N°3


 


If the foregoing correctly sets forth our understanding,
please execute three (3) originals in the space provided below and return one (1) original of this Side Letter to the Seller.



 


	Agreed and Accepted	 	Agreed and Accepted
	 	 	 
	For and on behalf of	 	For and on behalf of
	 	 	 
	CHINA EASTERN AIRLINES	 	AIRBUS S.A.S. 
	CORPORATION LIMITED	 	 


 


	Signature:	/s/ Tang Bing	 	Signature:	/s/ Christophe Mourey
	 	 	 	 	 
	Name:	Tang Bing	 	Name:	Christophe Mourey
	 	 	 	 	Senior Vice President Contracts
	Title:	Vice President	 	Title:	 


 


	Witnessed and acknowledged,	 	 
	 	 	 	 
	CHINA EASTERN AVIATION	 	 
	IMPORT & EXPORT CORPORATION	 	 
	 	 	 	 
	Signature:	/s/ Bien Zhiheng	 	 
	 	 	 	 
	Name:	Bien Zhiheng	 	 
	 	 	 	 
	Title:	Chairman	 	 


 


	A320F NEO - CES 2013	Private & Confidential
	CT1302606	 


SIDE LETTER N°3 - Page 4/4