al_Ex_10_120


		
			EXHIBIT 10.120
		

		
			 
		

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

		
			 
		

		
			AMENDMENT N°1
		

		
			 
		

		
			TO THE
		

		
			 
		

		
			[*] AGREEMENT
		

		
			 
		

		
			BETWEEN
		

		
			 
		

		
			AIRBUS S.A.S.
		

		
			 
		

		
			AND
		

		
			 
		

		
			AIR LEASE CORPORATION
		

		
			 
		

		
			[*]
		

		
			 
		

		
			
		

		
			


		 


		

			 

		


			

					

						Amendment No1 to the [*] Agreement


					

					

						 


				
	

					

						Ref. CLC - CT1900808 – October 2019


					

					

						Page 1/4


				




		

			 

		








		

		
			 
		

		
			AMENDMENT N° 1 TO THE
		

		
			[*] AGREEMENT
		

		
			 
		

		
			This amendment n°1 (the “Amendment N°1”) dated 30 October 2019 is made
		

		
			 
		

		
			BETWEEN:
		

		
			 
		

		
			AIRBUS S.A.S., a French société par actions simplifiée, with its registered office at 2, rond-point Emile Dewoitine, 31700 Blagnac, France, registered with the Commercial and Companies Register of Toulouse under number 383 474 814 (the “Seller”),
		

		
			 
		

		
			and
		

		
			 
		

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

		
			 
		

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

		
			 
		

		
			WHEREAS:
		

		
			 
		

		
			A.       [*]
		

		
			 
		

		
			B.       [*]
		

		
			 
		

		
			C.      [*]
		

		
			 
		

		
			D.      [*]
		

		
			 
		

		
			E.       [*]
		

		
			 
		

		
			NOW IT IS HEREBY AGREED AS FOLLOWS:
		

		
			 
		

		
			1        [*]
		

		
			 
		

		
			2        [*]
		

		
			 
		

		
			3        INCONSISTENCY AND CONFIDENTIALITY
		

		
			 
		

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

		
			 
		

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

		
			 
		

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

		
			


		 


		

			 

		


			

					

						Amendment No1 to the [*] Agreement


					

					

						 


				
	

					

						Ref. CLC - CT1900808 – October 2019


					

					

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			4        COUNTERPARTS
		

		
			 
		

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

		
			 
		

		
			5        LAW AND JURISDICTION
		

		
			 
		

		
			5.1     THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED AND THE PERFORMANCE THEREOF WILL BE DETERMINED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS CONFLICTS OF LAWS PROVISIONS THAT WOULD RESULT IN THE APPLICATION OF THE LAW OF ANY OTHER JURISDICTION.
		

		
			 
		

		
			5.2     [*]
		

		
			 
		

		
			5.3     [*]
		

		
			 
		

		
			5.4     [*]
		

		
			 
		

		
			5.5     [*]
		

		
			 
		

		
			5.6     [*]
		

		
			 
		

		
			
		

		
			


		 


		

			 

		


			

					

						Amendment No1 to the [*] Agreement


					

					

						 


				
	

					

						Ref. CLC - CT1900808 – October 2019


					

					

						Page 3/4


				




		

			 

		








		

		
			 
		

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

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						For and on behalf of

					
					
						    

					
					
						For and on behalf of

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						AIR LEASE CORPORATION

					
					
						 

					
					
						AIRBUS S.A.S.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						By: 

					
					
						/s/ Grant Levy

					
					
						 

					
					
						By: 

					
					
						/s/ Benoît de Saint-Exupéry

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Its: 

					
					
						Executive Vice President

					
					
						 

					
					
						Its: 

					
					
						Senior Vice President, Contracts

				



		
			 
		


		 


		

			 

		


			

					

						Amendment No1 to the [*] Agreement


					

					

						 


				
	

					

						Ref. CLC - CT1900808 – October 2019


					

					

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