Document:

EX-10.3

 Execution version 
  

 
 

 
 Exhibit 10.3 

CONFIDENTIAL TREATMENT REQUESTED – REDACTED COPY 

Confidential Treatment has been requested for portions of this Exhibit. Confidential 

portions of this Exhibit are designated by [*****]. A complete version of this Exhibit has 

been filed separately with the Securities and Exchange Commission. 

GLOBAL MAINTENANCE AGREEMENT 

Contract No. DS/CS-3957/14 issue 7 

Between 
 AZUL LINHAS
AÉREAS BRASILEIRAS S/A 
 (as Company) 

and 
 AVIONS DE TRANSPORT
REGIONAL, G.I.E. 
 (as Repairer) 

March 9th, 2015 

 

  

					
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CONTENTS 
  

							
	 Clause
	  	Page	 
	1.	  	SUBJECT-MATTER OF THE AGREEMENT	  	 	6	 
	2.	  	DEFINITIONS AND INTERPRETATION	  	 	6	 
	3.	  	DURATION AND RENEWAL	  	 	15	 
	4.	  	EXCUSABLE DELAY	  	 	15	 
	5.	  	SERVICES, LEASE AND OBLIGATIONS OF THE PARTIES	  	 	16	 
	6.	  	DELIVERIES	  	 	18	 
	7.	  	WORK ORDERS	  	 	20	 
	8.	  	INSURANCES	  	 	21	 
	9.	  	WARRANTIES	  	 	22	 
	10.	  	PRICES	  	 	22	 
	11.	  	RECONCILIATION	  	 	22	 
	12.	  	INVOICING AND PAYMENT TERMS	  	 	23	 
	13.	  	SECURITY DEPOSIT	  	 	26	 
	14.	  	DISCLAIMER	  	 	27	 
	15.	  	LIABILITY AND INDEMNITY	  	 	27	 
	16.	  	TERMINATION	  	 	28	 
	17.	  	CONDITIONS PRECEDENT	  	 	31	 
	18.	  	EXPORT CONTROL	  	 	31	 
	19.	  	NOTICES	  	 	31	 
	20.	  	CONFIDENTIALITY	  	 	32	 
	21.	  	TAXES	  	 	34	 
	22.	  	ASSIGNMENT	  	 	34	 
	23.	  	MISCELLANEOUS	  	 	35	 
	24.	  	GOVERNING LAW AND ARBITRATION	  	 	37	 

  

  

					
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	 EXECUTION PAGE
	  	 	39	 
	 EXHIBIT 1 - LIST OF ATR AIRCRAFT COVERED UNDER THIS
AGREEMENT
	  	 	40	 
	 EXHIBIT 2 - LIST OF SERVICES PROVIDED UNDER THIS
AGREEMENT
	  	 	42	 
	 EXHIBIT 3 - MAIN ELEMENTS COVERED UNDER THE
AGREEMENT
	  	 	43	 
	 EXHIBIT 4 - LIST OF LANDING GEAR ON CONDITION
PARTS
	  	 	44	 
	 EXHIBIT 5 - STOCK
	  	 	45	 
	 EXHIBIT 6 - LRUS COVERED BY REPAIR AND STANDARD EXCHANGE
SERVICES
	  	 	61	 
	 EXHIBIT 7 - REPAIRER STANDARD WORK ORDER FORMS
	  	 	70	 
	 EXHIBIT 8 - LEASE OF THE STOCK
	  	 	74	 
	 EXHIBIT 9 - SPARE PARTS STANDARD EXCHANGE SERVICE
	  	 	80	 
	 EXHIBIT 10 - LRUS REPAIR SERVICE
	  	 	84	 
	 EXHIBIT 11 - MAIN ELEMENTS SERVICES
	  	 	86	 
	 EXHIBIT 12 - INTENTIONALLY LEFT BLANK
	  	 	92	 
	 EXHIBIT 13 - FORM OF STANDBY LETTER OF CREDIT
	  	 	93	 
	 EXHIBIT 14 - PRICE CONDITIONS
	  	 	94	 
	 EXHIBIT 15 - ADVANCED POOL SERVICE
	  	 	101	 
	 EXHIBIT 16 - ADVANCED POOL STOCK
	  	 	106	 
	 EXHIBIT 17 - INSURANCE CERTIFICATES
	  	 	108	 
	 EXHIBIT 18 - NOTA FISCAL REPORTING
	  	 	109	 

  

  

					
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THIS GLOBAL MAINTENANCE AGREEMENT (HEREINAFTER REFERRED TO AS THE “AGREEMENT” OR “GMMA”) IS MADE ON March 9th 2015: 
 BETWEEN: 

AZUL LINHAS AÉREAS BRASILEIRAS S/A, a company incorporated under the laws of Brazil, the registered office of which is located at Avenida Marcos
Penteado de Ulhôa Rodrigues, 939 - Edif. Castello Branco Office Park - Torre Jatobá - 9° andar - CEP 06460-040 - Alphaville Industrial - Barueri - São Paulo - Brazil, identified under Cadastro Nacional de pessoa Juridica
(CNPJ) number 09.296.295/0001-60. 
 Hereafter referred to as the “Company” or “AZUL”, 

on the one part, 
 AND: 

AVIONS DE TRANSPORT REGIONAL, G.I.E., a French groupement d’intérêt économique established under articles L.251-1 to
L251-23 of the French Commercial Code, whose registered office is at 1 allée Pierre Nadot, 31712 Blagnac, France identified under Corporate and Trade Register of Toulouse number 323 932 236, 

Hereafter referred to as the “Repairer”or “ATR”, 

on the other part. 
 Hereinafter individually
referred to as the “Party” or collectively as the “Parties”, as the context requires. 
  

  

					
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RECITALS: 
  

	 	1)	WHEREAS AZUL and ATR have entered into a Global Maintenance Agreement ref DS/CC-2612/10 (dated December 24th, 2010) to support AZUL ATR aircraft fleet for
operational support tasks as well as scheduled and unscheduled maintenance, as amended from time to time (“GMA AZUL”); and, 

  

	 	2)	WHEREAS TRIP and ATR have entered into a Global Maintenance Agreement ref DS/C- 2883/09 (dated September 10th, 2010) to support TRIP ATR aircraft fleet
for operational support tasks as well as scheduled and unscheduled maintenance, as amended from time to time (“GMA TRIP”); and, 

  

	 	3)	WHEREAS pursuant to an investment agreement dated on May 25, 2012, entered into between Trip shareholders and Azul S.A., TRIP became a wholly owned subsidiary of the latter, integrating the Azul Group
which already includes AZUL, an operating company, as duly approved in due time by their respective corporate governing bodies and the relevant authorities (National Civil Aviation Agency-“ANAC”-and Brazilian Antitrust
Authority-“CADE”); and 

  

	 	4)	WHEREAS further to operation as detailed above in 3), AZUL progressively operated an enlarged fleet of Aircraft coming from TRIP; and, 

 

	 	5)	WHEREAS, in consideration of the local repair service in Brazil and the Aircraft fleet now solely operated by AZUL, the Parties wish to terminate the GMA TRIP and the GMA AZUL, and to enter into
negotiation for a new GMLA between ATR and AZUL, on the terms and conditions set forth herein. 

 NOW THEREFORE, IT IS HEREBY AGREED AS
FOLLOWS: 
  

  

					
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	1.	SUBJECT-MATTER OF THE AGREEMENT 

 This Agreement describes the terms and
conditions according to which the Repairer (i) shall provide, or cause its Subcontractors to provide, Services for the Company’s Aircraft fleet; and (ii) agrees to lease the Stock to the Company and the Company agrees to take the
Stock on lease, subject to the terms and conditions set forth on Exhibit 8. 
  

	2.	DEFINITIONS AND INTERPRETATION 

  

	2.1	Unless otherwise defined, capitalised terms, singular or plural, used in this Agreement shall have the meaning set out below: 

  

			
	 “Abnormal Use”
	  	 means any usage, maintenance, storage, handling of the Aircraft, or its sub-assemblies, or its systems, or Items fitted on it including
LRUs, Main Elements, Spare Main Elements, that does not comply with all applicable technical documentation and any other instructions issued by the manufacturers and which is not attributable to the Repairer or Subcontractors, including:

 
 (i)     Any failure by
the Company to correctly comply with any Repairer and/or OEM instructions or recommendations, technical directives, or any workmanship defect, lack of qualification, non-approved repair and/or maintenance method; or,

 
 (ii)    Any negligence or
failure to exercise reasonable effort(s) made to initiate corrective action(s), or lateness or total or partial failure in undertaking corrective action(s), for Aircraft or LRU(s) or Main Element(s) malfunctions which should have been reasonably
identified by the Company; or,
  

(iii)  Any Aircraft, LRU(s) or Main Element(s) suffering damage or premature removal arising out of or in
connection with any defective storage, inappropriate Packaging or transport by the Company or its forwarder agent, or gross negligence or wilful misconduct of the Company(or its subcontractors or agents); or

 
 (iv)   Any events or
circumstances, including: FOD, abnormal wear, hard contact, material drop or shock, engine fire or submersion, lightning strike, hard landing, hail (including on storage position), partial or total destruction or loss of Aircraft, LRU(s) or, Main
Element(s);

		
	 “Affiliates”
	  	means with respect to any entity, any entity Controlled by, Controlling or under Common Control with, the first entity, and/or their respective lawful successors and/or assigns;
		
	 “Agreement”
	  	has the meaning set forth in page four (4) here above;
		
	 “Aircraft”
	  	means collectively or individually as the context requires the ATR aircraft listed in Exhibit 1 (“List of ATR Aircraft covered under this Agreement”), amended from time to time by way of notice sent to the
Company , as relevant, by Repairer in order to cover any further ATR aircraft entering the Company’s fleet, including the airframe, engines, propellers and landing gears and parts installed on the Aircraft, when solely operated by the Company
;

  

  

					
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CONFIDENTIAL TREATMENT REQUESTED 
  

 

			
	 “Airworthiness Authority”
	  	means, in respect of any jurisdiction, the Government Entity, which under the laws of such jurisdiction, has control over civil aviation or the registration, airworthiness, operation of aircraft in such jurisdiction, including,
in the European Union, the European Aviation Safety Agency (the “EASA”) and, in the United States of America, the Federal Aviation Administration (the “FAA”);
		
	 “Airworthiness Directives” or “AD”
	  	means enforceable rules issued by the relevant Airworthiness Authorities that have a mandatory impact on Aircraft operation and/or maintenance;
		
	 “Aircraft

Maintenance

Manual” or

“AMM”
	  	means the customized manual, drafted in compliance with the ATA100 specifications, issued by ATR, as Aircraft manufacturer, and which is split into three (3) separate parts, namely: the Description and Operation Manual, the
Trouble Shooting Manual and the Job Instruction Cards; the purpose of which is to provide all information required for Aircraft maintenance, while ensuring personnel and flight safety;
		
	 “Aircraft On

Ground” or

“AOG”
	  	means the highest priority designation to process a requirement for an LRU and/or maintenance action; when applied to an Aircraft, such term indicates that such Aircraft is unable to continue or to be returned to revenue service
until that appropriate action is taken;
		
	 “ANAC”
	  	means Agência Nacional de Aviação Civil, the Brazilian Civil Aviation Authority;
		
	 “ATA”
	  	means Air Transport Association of America Inc.;
		
	 “ATA 300”
	  	means documentation issued by ATA (as amended from time to time, or any other ATA’s substituted documentation) reviews the design, development and procurement of effective packaging of supplies shipped by either Party to the
other Party; it provides packaging instructions for repairable and expendable units and components, included packaging standards for kits, preparation of hazardous materials for shipment and handling of electrostatic discharge sensitive
devices.
		
	 “BER” or “Beyond

Economical

Repair”
	  	means the case in which the repair cost of any unserviceable Item is greater than [*****] of the price for a brand new identical LRU and/or Main Element;
		
	 “BUR” or “Basic

Unscheduled

Removal”
	  	means any basic unplanned removal, premature removal of a LRU or a Main Element, due to a sub-component or accessory induced malfunction. Likewise, removal of a LRU and/or a Main Element, component or accessory due to a problem
which could have been rectified using troubleshooting and/or corrective line maintenance actions as specified in the applicable AMM is not considered to be a BUR;
		
	 “Business Day”
	  	means a day, other than a Saturday or a Sunday, on which banks are open for the transaction of domestic and foreign exchange business in Paris (France) and São Paulo (Brazil);
		
	 “CMM” or

“Component

Maintenance

Manuals”
	  	means a manual issued either by any relevant OEM and containing instruction concerning the overhaul and/or repair of components together with procedures for restoring such components to a fully serviceable condition. These
manuals shall be compliant with ATA100 Specification;

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	 “Confidential

Information”
	  	means all and/or any part of any information and/or data disclosed to and/or obtained by either Party from the other Party during the Term relating to or in connection with the performance of this Agreement; such information is
conclusively considered as confidential without it being necessary to mention at the moment of its disclosure, and includes: (i) technical information, such as instructional know-how, academic and/or practical maintenance courses and/or aircraft
piloting courses, programs, software, manufacturing secrets, processes, prototypes, research work, studies, plans, sketches, formulae, samples, specifications, diagrams, etc., (ii) commercial information, such as list of customers, suppliers, etc.,
(iii) financial (tariffs, margins, market parts, etc.), (iv) legal information, such as the Agreement, Exhibits, contracts, amendments, appendices, contractual relations, negotiations, partners, etc. and (v) written, electronic or oral information
(hard copy, computer, digital, etc.);
		
	 Control”,

“Controlled”,

“Controlling” and

“Common

Control”
	  	 are to be interpreted as follows:
  

“I. A company is deemed to control another company:
  

(i)     When it directly or indirectly holds a fraction of the capital that gives it a
majority of the voting rights at that company’s general meetings;
  

(ii)    When it alone holds a majority of the voting rights in that company by virtue of an
agreement entered into with other partners or shareholders and this is not contrary to the company’s interests;
  

(iii)  When it effectively determines the decisions taken at that company’s general meetings through
the voting rights it holds;
  

(iv)   When it is a partner in, or shareholder of, that company and has the power to appoint or
dismiss the majority of the members of that company’s administrative, management or supervisory structures.
  

II.—It is presumed to exercise such control when it directly or indirectly holds a fraction of the voting rights above 40% and no other partner or
shareholder directly or indirectly holds a fraction larger than its own.
  

III.—For the purposes of the same sections of the present chapter, two or more companies acting jointly are deemed to jointly control another company
when they effectively determine the decisions taken at its general meetings”.

		
	 “Core Unit”
	  	means any unserviceable LRU returned by the Company to the Repairer as a counterpart to standard exchange;
		
	 “Credit Note”
	  	“Credit Note” Means the credit note to be issued by the Repairer in accordance with Clause 11 (“Reconciliation”) of this Agreement.
		
	 “CSN”
	  	means the accrued Cycles Since New;
		
	 “CSO”
	  	means the accrued Cycles Since Overhaul;
		
	 “CY” or “Cycle”
	  	means a completed Aircraft takeoff and landing sequence;
		
	 “Day”
	  	means a calendar day;

  

  

					
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	 “Default”
	  	means any failure by either Party to perform or observe any material obligation under this Agreement, including as set forth with Clause 16.1 b) and including Abnormal Use;
		
	 “Delivery”
	  	means the act of the Repairer putting at the Company’s disposal any Item at Delivery Location according to the terms of this Agreement;
		
	 “Delivery

Location”
	  	means the Repairer’s facility as defined under Clause 6 (“Deliveries”) of this Agreement;
		
	 “Early Event”
	  	concerns LRU and/or Main Element and/or Aircraft airframe maintenance subject to Scheduled Event and designates a situation where a Scheduled Event takes place before it is scheduled pursuant to Exhibit 11 Clause 1.2 for the Main
Element and/or to the CMM for the LRU when applicable;
		
	 “End Date”
	  	 means the date on which this Agreement is terminated or expires, and shall be the earlier to occur of the following, as appropriate:

 
 (i)     the end of the
Initial Term as defined in Clause 3.1of this Agreement; or,
  

(ii)    the end of the term of each annual renewal of this Agreement as per Clause 3.2 of this
Agreement; or,
  
 (iii)  the date on
which all or part of this Agreement is terminated as per Clause 16 (“Termination”);

		
	 “Euros” or “€”
	  	designates the legal currency of the member countries of the European Union who have adhered to the European Monetary Union;
		
	 “Excusable

Delay”
	  	has the meaning set forth in Clause 4.1 of this Agreement;
		
	 “Fleet Turnover”
	  	means the amount normally invoiced under this Agreement using the Standard Operations and all applicable prices in Exhibit 14 (“Price conditions”);
		
	 “FH”or “Flight

Hour”
	  	means airborne flight hour, the unit of measure of each Aircraft flight activity for the time elapsed between Aircraft take-off and Aircraft landing;
		
	 “FOD”
	  	stands for Foreign Object Damage and means any damage, whether direct or indirect, to any Item and/or the airframe caused as a result of or related to any foreign object not forming part of any Item and/or the airframe;
		
	 “Government

Entity”
	  	means any national government, political subdivision thereof, or local jurisdiction thereof;
		
	 “Incoterms”
	  	means the international rules for the interpretation of trade terms published by the International Chamber of Commerce (“ICC”), 2000 edition;
		
	 “Initial Term”
	  	has the meaning set forth in Clause 3.1 of this Agreement;
		
	 “Item”
	  	means, as the case may be, any LRU, Main Element, Spare Main Element, any of their sub-assembly or sub-component, any part of the Stock, or for the sake of clarity any part covered under this Agreement;

  

  

					
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CONFIDENTIAL TREATMENT REQUESTED 
  

 

			
	 “Law”
	  	means any applicable law, order, statute, statutory instrument, regulation, decree, directive or instrument of equivalent effect;
		
	 “LIBOR”
	  	stands for “London Interbank Offered Rate”, which designates the annual rate equal to one month in Eurodollars quoted at 11:00 hours or approximately 11:00 hours (London time), as indicated on “Reuters screen”
LIBOR01page, for an amount and period selected by the Repairer, which is available to the subscribers to the Telerate electronic display terminal, [*****] prior to the corresponding period;
		
	 “LOC” or

“StandBy Letter of

Credit”
	  	means an irrevocable letter of credit in the form or substantial form stipulated by Exhibit 13 (“Form of StandBy Letter of Credit”), in accordance with Uniform Customs and Practice (“UCP”) for
the documentary credit, 2007 revision, ICC publication n°600, issued by a major international bank, confirmed by and domiciliated in NATIXIS, Paris, France, provided by the Company to the Repairer in accordance with Clause 13 (“Security
Deposit”) of this Agreement;
		
	 “Loss”
	  	 means any and all losses, costs, charges, expenses, interests (including default

interest), fees (including legal fees and value-added tax thereon if applicable),

payments, demands, liabilities, claims, actions, proceedings (including stamp,

documentary, registration or other duties, taxes or any charges incurred by and/or

in connection with proceedings), penalties, damages, adverse judgments, orders

or other sanctions;

		
	 “Lost Potential”
	  	 with respect to LRU and/or Main Elements subject to Scheduled Events,

designates, in the case of an Early Event, [*****];

		
	 “LRU(s)” or “Line

Replaceable

Unit(s)”
	  	 means any equipment that can be replaced on line by the Company’s technicians

and listed into Exhibit 6 (“LRUs covered by repair and standard exchange

Services”);

		
	 “Main Element”
	  	 means a propeller and/or a landing gear and/or an engine as listed in Exhibit 3

(“Main Elements and part numbers covered by this Agreement”) and/or in Exhibit 5

(“Stock”), or any of their respective sub-assemblies;

		
	 “MMEL” or

“Master Minimum

Equipment List”
	  	 means a document provided by ATR providing operating and maintenance

procedures for a categorized list of systems, instruments and equipment on an ATR

aircraft that may be inoperative for flight;

		
	 “Mean Time

Between

Unscheduled

Removals” or

“MTBUR”
	  	 means a figure for assessing performance calculated by dividing the total number of

FH of the ATR aircraft worldwide fleet during a given period, by the number of

unscheduled removals of LRUs recorded during the same period on the same fleet;

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	 “MPD” or

“Maintenance

Planning

Document”
	  	means the documents issued by the Aircraft manufacturer, providing periodic maintenance requirements data necessary to plan and conduct the Aircraft maintenance checks and inspections, in force on the Signing Date;
		
	 “MRBR”
	  	means the Maintenance Review Board Report, which outlines the initial minimum maintenance requirements to be used in the development of an approved continuous airworthiness maintenance program for the Aircraft, and which is
issued by the Maintenance Review Board (“MRB”);
		
	 “Measured

Removal Rate(s)”

or “MRR”
	  	designates, for the Aircraft and depending on the Aircraft age, the quantity of LRU removals per one thousand (1,000) FH, established in units and tens, to be measured during each period of three (3) consecutive Months of
Aircraft activity during the Term for all LRUs listed into Exhibit 6 (“LRUs covered by repair and standard exchange Services”) excluding Main Elements and/or Main Element subassemblies, repair warranty and “Rogue”
units; 
		
	 “Month”
	  	refers to a period starting on one day in a calendar month and ending on the numerically corresponding day in the next calendar month (and references to months shall be construed accordingly) save that, where any such period
would otherwise end on a non-Business Day, it shall end on the next Business Day, provided that if a period starts on the last Business Day in a calendar month or if there is no numerically corresponding day in the month in which that period ends,
that period shall end on the last Business Day in that later month;
		
	 “NFF” or “No

Fault Found”
	  	means any event where an Item removed from an Aircraft by the Company and returned to the Repairer for repair is declared serviceable with non-confirmed fault by the latter through strip report or where a serviceable Item removed
from the Pool by the Repairer and delivered to the Company under the standard exchange Service set out in Exhibit 9 (“Spare parts standard exchange Service”) is returned by the Company to the Repairer unused;
		
	 “Notice”
	  	 means any notice or communication pertaining to this Agreement which shall be given in writing delivered by hand and/or by courier service
with proof of delivery
 and/or by fax, and:
  

a)      if delivered by hand, shall have been deemed received when so delivered; or,

 
 b)      if
delivered by registered mail, shall be deemed to have been received by the addressee on the Day on which it shall have signed as received; or,
  

c)      if delivered by fax, shall be deemed to have been received by the addressee on
the next Business Day following electronic acknowledgement.
  
 In the event a Party
chooses to give a Notice by several of the aforesaid means, the earliest of the receipt dates will be considered.
  

In any case, any notice or communication shall be also transmitted by an e-mail with attached copy of such (in format PDF or similar support)n, for courtesy
purpose only.

  

  

					
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	 “OEM” or

“Original

Equipment

Manufacturer”
	  	 means a manufacturer of parts other than ATR manufactured parts including the engine manufacturer, the propeller manufacturer, the landing
gear manufacturer or
 an LRU manufacturer;

		
	 “Packaging” or

“Packed”
	  	 means packaging of any Item or packed Item, as relevant, shipped by either Party to other Party under the Agreement, in compliance with
the following:
  

(i)     Repairer’s and/or its suppliers’ and/or its Subcontractors’ and/or
OEM’s recommendations, as relevant; and
  

(ii)    ATA 300 specifications for air transport; and/or

 
 (iii)  International Carriage Of
Dangerous Goods By Road (“ADR”) regulation for good and reusable condition; and/or,
  

(iv)   International Air Transport Association (“IATA”) Dangerous Goods Regulations, for any
shipment of dangerous Items.
  

		
	 “Person”
	  	means any state, division of a state, Government Entity, individual or corporate body or any association of any one or more of the foregoing;
		
	 “Pool”
	  	designates a stock of serviceable LRUs listed in Exhibit 6 (“LRUs covered by repair and standard exchange Services”), available on a non-exclusive basis to the Company under standard exchange Service as
per Exhibit 9 (“Spare parts standard exchange Service”); such Pool may be amended from time to time by the Repairer by way of Notice sent to the Company, in compliance with this Agreement, subject to Company’s
approval.
		
	 “Repair Shop”
	  	means any FAA/EASA part 145 or ANAC approved repair shop selected by the Repairer and acting as its Subcontractor;
		
	 “Repairer

Indemnified

Parties”
	  	means the Repairer and/or ATR, as relevant, and/or their Affiliates and/or their respective lawful successors and/or assigns and/or their respective subsidiaries, officers, directors, employees, agents or Subcontractors;
		
	 “Reference

Removal Rate(s)”

or “RRR”
	  	designates the standard reference rate of LRU removals per one thousand (1,000) FH, established in units and tens, during each period of six (6) consecutive Months of Aircraft activity during the Term for all LRUs listed into
Exhibit 6 (“LRUs covered by repair and standard exchange Services”) excluding Main Elements and/or Main Element sub-assemblies, and indicated in Clause 1.3.1 of the Exhibit 14 (“Price conditions”);
		
	 “Rogue Units”
	  	designates a LRU for which the same serial number has been removed from an Aircraft on three (3) or more occasions for similar discrepancies (except regarding specific services not covered by the Services and except to the extent
caused by Company’s Default), or four (4) NFF based on official Repair Shop data within a twelve (12) Month period, with confirmation of approved trouble shooting as per the CMM and/or the AMM;

  

  

					
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	 “Scheduled Event”
	  	with respect to LRUs and/or Main Elements and/or Aircraft airframe that are subject to programmed overhauls and/or inspections, designates such overhaul and/or inspections that shall take place after a specified number of accrued
FH and/or Cycles or Months as set out in Exhibit 11 (“Main Elements Services”) for the Main Elements and in the CMM for the relevant LRUs;
		
	 “Security Deposit”
	  	designates the cash payment and/or the LOC issued, as security for the Company’s performance of all of its obligations under this Agreement, in compliance with Clause 13 (“Security Deposit”) of this
Agreement;
		
	 “Service”
	  	means any and all operational support tasks to be carried out by the Repairer and/or its Subcontractors under this Agreement, as defined in Exhibit 2 (“List of Services provided under this
Agreement”);
		
	 “Signing Date”
	  	means the date indicated on page four (4) of this Agreement and refers to the date on which this Agreement is signed by both Parties;
		
	 “Spare Main

Element”
	  	means the spare Main Element(s) the Repairer makes available to the Company during Main Element maintenance according to Exhibit 11 (“Main Elements Services”);
		
	 “Standard

Operations”
	  	has the meaning set forth in Clause 3.2 of Exhibit 14 (“Price conditions”);
		
	 “Start Date”
	  	means the date occurring thirty (30) Days after the Signing Date, subject to fulfilment of the conditions set out in Clause 17 (“Conditions precedent”);
		
	 “Stock”
	  	means all or part of the Items, as relevant, listed in Exhibit 5 (“Stock”);
		
	 “Storage

Location”
	  	means Company’s facilities where the Stock is located as defined in Exhibit 8 (“Lease of the Stock”);
		
	 “Subcontractor”
	  	means any Person, including a Repair Shop, engaged by the Repairer to support the Repairer in the performance of its contractual obligations under this Agreement;
		
	 “SWIFT”
	  	stands for the Society for Worldwide Interbank Financial Telecommunication;
		
	 “Taxe(s)”
	  	mean any and all present or future fees (including license, recording, documentation and registration fees), taxes [including income taxes, gross receipts taxes, capital taxes, franchise taxes, net worth taxes, gross profits
taxes, sales taxes, rental taxes, use taxes, turnover taxes, value added taxes, ad valorem taxes, property taxes (tangible and intangible), excise taxes, customs or import duty, documentary and stamp taxes], licenses, levies, imposts, duties,
charges, assessments or withholdings of any nature whatsoever, whether now existing or hereafter adopted, enacted or amended, howsoever imposed, levied or asserted by any Government Entity or taxing authority together with any and all penalties,
fines, additions to tax and interest thereon;
		
	 “TBO”
	  	stands for Time Between Overhaul and means the FH or CY elapsed between two (2) consecutive overhauls;
		
	 “Term”
	  	means the period of time starting from the Signing Date and ending on the End Date;

  

  

					
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	 “Time and

Material”
	  	means any sale of goods and services, not covered by the scope of this Agreement and charged to the Company, which is subject to the “ATR General Terms and Conditions for the Sale of Goods and
Services”;
		
	 “TNR” or

“Technically Non

Reparable”
	  	means where an unserviceable Item (i) is not repairable according to ATA 100 and/or (ii) for which no technical repair can be considered;
		
	 “TSN” or “Time

Since New”
	  	means the FH elapsed since new;
		
	 “TSO” or “Time

Since Overhaul”
	  	means the FH elapsed since the last overhaul;
		
	 “US Dollar” or “$”
	  	designates the legal currency of the United States of America;
		
	 “Vendor

Warranty

Manual”
	  	 means the manual giving details of the warranties granted by an OEM with respect

to certain parts of Aircraft, provided by the said OEM;

		
	 “Week”
	  	means a period of seven (7) Days;
		
	 “Work Order”
	  	means any order issued by the Company to the Repairer for any of the Services and being one of the forms set out in Exhibit 7 (“[Repairer standard Work Order forms”), as applicable.

  

	2.2	In this Agreement, save as otherwise expressly indicated to the contrary, any reference to: 

  

	 	2.2.1	this Agreement or any other agreement or document shall be construed as a reference to this Agreement or such other agreement or document as amended, novated or supplemented from time to time; any
reference to this Agreement includes its Exhibits; and, 

  

	 	2.2.2	any Clause shall be construed as a reference to a clause of this Agreement and/or of an Exhibit to this Agreement, as relevant; and,  

 

	 	2.2.3	any Exhibit shall be construed as a reference to an Exhibit to this Agreement; and, 

  

	 	2.2.4	Headings: Clauses and Exhibits headings and sub-headings are used in this Agreement only for the ease of reading. They are not intended to affect its meaning and should not be used for the sake of its
construction; and, 

  

	 	2.2.5	“including”shall be construed as a reference to “... including, without limitation,...” or “... including but not limited to...”; and, 

 

	 	2.2.6	Singular and plural: wherever the context so requires, the singular shall include the plural and vice versa; and, 

  

	 	2.2.7	a date will be by reference to the Gregorian calendar; and, 

  

	 	2.2.8	“in writing” includes any modes of reproducing words in a legible and non-transitory form but does not include e-mail (but can include the copy “PDF” of any document sent

  

					
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	 	by	e-mail); and, 

  

	3.	DURATION AND RENEWAL  

  

	3.1	The Agreement enters into force on the Signing Date; it will have a duration of [*****] as from the Start Date (the “Initial Term”). 

 

	3.2	Upon expiry of the Initial Term, this Agreement [*****] unless a Notice of non-renewal is given by either Party to the other Party [*****] prior to the expiry of the Initial Term or the end of a renewal period,
if any. 

  

	3.3	The Agreement shall end on the End Date without any further action, unless otherwise provided under this Agreement. 

  

	4.	EXCUSABLE DELAY 

  

	4.1	If a Party (the “Affected Party”) is prevented, hindered or delayed from or in performing any of its obligations under this Agreement by an event which is unpredictable and unavoidable, including war or
civil or foreign armed aggression, riots, fires, floods, explosions, earthquakes or accidents, epidemics or quarantine restrictions, any act of a Government Entity, embargoes, export prohibitions, failure by a subcontractor and/or vendor to furnish
supplies or parts or delay the same, strikes or labour troubles causing cessation of work, such event will be referred to as an “Excusable Delay”. 

 

	4.2	The Affected Party will give Notice to the other Party (the “Non-Affected Party”) of such Excusable Delay as soon as reasonably possible after it becomes aware thereof, and the Affected Party will use
its reasonable endeavours to mitigate the effects of such Excusable Delay, without being obliged however to incur any unreasonable costs. 

  

	4.3	Neither Party shall be held liable, or deemed to be in Default, if it fails to perform its obligations under this Agreement due to an Excusable Delay; without prejudice to Clause 4.5 hereinafter, the time fixed for the
performance by the Affected Party of its obligations affected by the Excusable Delay shall be equivalent to the time set out under this Agreement plus a grace period equivalent to the time lost further to the occurrence of and because of the
Excusable Delay. 

  

	4.4	As soon as reasonably possible after the end of the Excusable Delay, the Affected Party shall give Notice to the Non-Affected Party that the Excusable Delay has ended. 

 

	4.5	If the Excusable Delay continues for more than [*****] as from the receipt by the Non-Affected Party of the Notice as per Clause 4.2, each Party shall be entitled to terminate this Agreement according to the terms of
Clause 16.4 hereof. 

  

	5.	SERVICES AND OBLIGATIONS OF THE PARTIES  

  

	5.1	Services  

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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The Repairer shall provide the Company with the Services listed in Exhibit 2 (“List of Services provided under this
Agreement”). 
  

	5.2	General conditions of the Services  

  

	 	5.2.1	The Services shall comply with the applicable AMM, MRBR and MPD issued by ATR, as Aircraft manufacturer, and the relevant CMM in force as of the Signing Date, and with the EASA and/or FAA or ANAC regulations in force at
the time of performance of such Services 

  

	 	5.2.2	Should the AMM, MRBR or the MPD be modified in a manner that is likely to modify or impact the performance of the Services, the Parties hereby agree to negotiate in good faith the consequences of such modifications and
impacts on this Agreement (including on the prices set out in Exhibit 14 “Price conditions”). 

  

	 	5.2.3	Audit of the Repair: Company shall have the right, under EUR OPS or PART M equivalent applicable regulation approval, to audit the management and the performance of the Services provided by the Repairer under
this Agreement, subject to giving a [*****] prior Notice to the Repairer. The cost of any such audits by the Company’s representative(s) shall be borne by the Company unless if, as a result of that audit, the Repairer is found to be in Default,
in which cases the cost of such audit will be borne by the Repairer. 

  

	 	5.2.4	Company’s audit: at any time during the Term, the Repairer may: 

  

	 	(i)	audit the management and the performance of the Company’s maintenance activities which are still under Company’s responsibility; and/or, 

 

	 	(ii)	arrange for operational visits, in order to check that the Company complies with its obligations under this Agreement; and/or, 

  

	 	(iii)	investigate in any place, with the assistance of the Company, the causes of any abnormal removal or failure rate of any Item and/or Abnormal Use. 

The Repairer shall give a Notice to the Company no later than [*****] prior to such audit or operational visit. 

The Company shall provide at no cost for the Repairer all necessary support to the Repairer’s representative(s) and give access to: 

 

	 	(i)	the Company’s facilities or any other place where the Aircraft and/or any data or document related to Aircraft maintenance and operations that the Repairer may require may be located; and, 

 

	 	(ii)	the exact number of accumulated FH and Cycles for any Aircraft and Items operating or maintenance records. 

Unless otherwise agreed between the Parties, any operational visit shall be conducted during the scheduled operations of the Aircraft and the
Repairer or its representative(s) shall use its reasonable endeavors not to disrupt the Company’s scheduled operations. 
 The cost
incurred by the Repairer to conduct such audits and visits will be borne by the Repairer unless (i) a Company’s Default (as defined in Clause 16 “Termination”) has occurred and/or (ii) as a result of that audit or
visit, the Company is found to be in Default, in which cases the cost of such audit or operational visit will be borne by the Company . 

The Repairer has no duty or obligation to perform any audit or operational visit and shall 

 
 [*****] Confidential material redacted and filed separately with the Securities and
Exchange Commission. 

  

					
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not incur any obligation or liability if it does not perform any of its audit or operational visit rights referred to in this Clause 5.2.4.

 The Repairer shall notify the Company of the outcome of any such audit or operational visit and of any remedial action that the Company
shall perform to comply with its obligations under this Agreement. The Company shall carry out all such remedial actions within a mutually agreed time period , otherwise the Company shall be deemed in Default. 

It is acknowledged and agreed that any audit or operational visit by the Repairer will be conducted by the Repairer for its own purposes in
connection with this Agreement and the Repairer shall have no responsibility, liability or obligations with respect to the safety compliance with any AD, operation or, except as otherwise provided herein, maintenance of any Aircraft, all of which
shall be the sole responsibility, liability and obligation of the Company. 
  

	5.3	Obligations of the Parties  

  

	 	5.3.1	Obligations of the Company  

  

	 	5.3.1.1	As a counterpart to the terms and conditions (including pricing conditions) agreed between the Parties under this Agreement [*****]. In the event, the Company fails to do so, the Repairer shall be entitled to revise
such terms and conditions in order to take into account such failure. 

  

	 	5.3.1.2	During the Term, the Company shall: 

  

	 	(i)	operate and maintain the Aircraft in compliance with all applicable technical documentation and any other instructions issued by ATR and the OEM; and, 

 

	 	(ii)	remove and install LRUs and Main Elements from and on Aircraft; and, 

  

	 	(iii)	comply with any AD, and order such incorporation or modifications from the Repairer; and consequently manage the update of Aircraft, LRUs and Main Elements mandatory or regulatory technical notices and log books and
deliver to the Repairer a copy of such documentation upon each maintenance event or upon Repairer’s request; and, 

  

	 	(iv)	promptly inform the Repairer in case the Company or their insurer intends to attend any LRU or Main Element tear-down at the Repair Shop; and, 

 

	 	(v)	provide the Repairer not later than the tenth (10th) Day of each Month with an activity report relating to each Aircraft and each Main Element serial number, and
containing at least FH and Cycles performed during the preceding Month, the TSN, CSN, TSO, CSO, and the removals/installations events during such Month; and, 

  

	 	(vi)	preserve the Aircraft, any Main Elements and/or any and all sub-assemblies in accordance with the AMM in case any Aircraft is temporarily unused by the Company for any reason whatsoever. 

 

	 	5.3.2	Obligations of the Repairer  

 During the Term, the Repairer shall use its reasonable
commercial endeavors, in accordance 
  
 [*****] Confidential material redacted and
filed separately with the Securities and Exchange Commission. 

  

					
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with this Agreement: 
  

	 	(i)	to carry out the Services pursuant to the Work Order(s) placed by the Company ; and, 

  

	 	(ii)	to ensure that the Services provided to Company shall comply with EASA, FAA or ANAC regulations in force, as applicable 

  

	 	(iii)	in the event of specific or exceptional circumstances affecting the Company or the Repairer, to obtain the assistance of any one or several third Parties servicers or suppliers of spare parts, subject to the Company s
prior approval; and 

  

	 	(iv)	to administer LRUs and Main Elements warranty claims issued by the Company. 

  

	6.	DELIVERIES  

 The Delivery Location shall be one of the addresses set out in
Clauses 6.1 and 6.2 hereafter as the context requires. 
  

	6.1	Items delivered by the Repairer to the Company  

 Unless otherwise set forth in this
Agreement, the Repairer shall deliver to the Company: 
  

	 	6.1.1	any Item as relevant in accordance with Exhibits 8 (“Lease of the Stock”), , 11 (“Main Elements Services”) and 15 (“Advanced Pool Stock”), [*****] and Packed at the following
address: 

 ATR Customer Support 

C/O DHL Solutions 
 ZA du Pont
Yblon 
 95500 Bonneuil en France 

And; 
 any Item from the List
A of the Exhibit 6 (“LRUs covered by repair and standard exchange services”), as relevant in accordance with Exhibit 9 (“Spare parts standard exchange Service”) and Exhibit 10 (“LRUs repair
Service”), [*****] and Packed at the following address: 
 ATR Customer Support 

C/O DHL Solutions 
 ZA du Pont
Yblon 
 95500 Bonneuil en France 

And: 
 any Item from the List
B of the Exhibit 6 (“LRUs covered by repair and standard exchange services”), as relevant in accordance with Exhibit 9 (“Spare parts standard exchange Service”) and Exhibit 10 (“LRUs repair
Service”), [*****] and Packed at the following address: 
 Helibras – Helicópteros do Brasil – Air Bus
Helicopters 
 Rodovia Dom Pedro I – Km 87 – Pista Norte 

Condomínio Barão de Mauá – 

Atibaia – São Paulo 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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or at any other address the Repairer may from time to time notify to the Company. 

 

	 	6.1.2	Intentionally left blank  

  

	6.2	Items returned by the Company to the Repairer 

 The Company shall return to the
Repairer: 
  

	 	6.2.1	any Item as relevant, in accordance with Exhibits 8 (“Lease of the Stock”), 11 (“Main Elements Services”) and 15 (“Advanced Pool Stock”), [*****]
and Packed at the following address: 

 ATR Customer Support 

C/O DHL Solutions 
 ZA du Pont
Yblon 
 95500 Bonneuil en France 

And; 
 any Item from the List
A of the Exhibit 6 (“LRUs covered by repair and standard exchange services”) as relevant in accordance with Exhibit 9 (“Spare parts standard exchange Service”) and Exhibit 10 (“LRUs repair
Service”), [*****] and Packed at the following address: 
 ATR Customer Support 

C/O DHL Solutions 
 ZA du Pont
Yblon 
 95500 Bonneuil en France 

And: 
 any Item from the List
B of the Exhibit 6 (“LRUs covered by repair and standard exchange services”) as relevant in accordance with 9 (“Spare parts standard exchange Service”) and 10 (“LRUs repair Service”), [*****] and
Packed at the following address: 
 Helibras – Helicópteros do Brasil – Air Bus Helicopters 

Rodovia Dom Pedro I – Km 87 – Pista Norte 

Condomínio Barão de Mauá – 

Atibaia – São Paulo 

or at any other address the Repairer may from time to time notify to the Company. 

 

	 	6.2.2	Intentionally left blank 

  

	6.3	Nota fiscal reporting  

 Regarding the Items flow between the Stock and
the Pool and vice et versa, as set forth under Clause 6 hereof, the Parties shall have the following obligations: 
  

	 	-	From Stock to Pool: the Company shall issue in due time any necessary document or required by the Repairer, including the “Nota Fiscal” which shall comprise full, accurate 

 
 [*****] Confidential material redacted and filed separately with the Securities and
Exchange Commission. 

  

					
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and complete information (as further detailed here below) and be in a form and substance compliant with applicable laws and regulations. 

 

	 	-	From Pool to Stock: subject to receipt from the Company of any necessary document or required by the Repairer as set forth here above, as relevant, the Repairer shall issue or have issued by third party in due time any
necessary document or required by the Company in the frame of the Services, including the “Nota Fiscal” which shall comprise full, accurate and complete information (as further detailed here below) and be in a form and substance compliant
with applicable laws and regulations. In addition, the Repairer shall provide or have provided by third party, a weekly reporting to the Company regarding the traceability of the Items and promptly answer to any request from the Company related
thereto, in a form and substance in accordance with the form attached in Exhibit 18 (“Nota fiscal reporting”). 

For the avoidance of doubt, each “Nota Fiscal” shall be established in compliance with the relevant CFOP code according to the
latest revision of SINIEF (Sistema Nacional Integrado de Informações Econômico-Fiscais), the current version is 07/01, which shall notably comprise the following element: 

 

	 	-	Seller of the goods: Name, address, contact information, Federal registration number, State Registration number 

	 	-	Acquirer of the goods: Name, address, contact information, Federal registration number, State Registration number 

	 	-	Transaction: type of transaction, nature of the transaction, transaction code, date of the transaction 

	 	-	Product: description, code, quantity, value, serial number of the relevant Item 

	 	-	Taxes : calculation basis, tax rate 

	 	-	Other information: freight, insurance, other costs 

	 	-	Additional information: in case of special taxation” 

  

	7.	WORK ORDERS 

 During the Term, the Company shall use the appropriate Work Order
form (Exhibit 7 “Repairer Standard Work Order Forms”), depending on the nature of the Service requested, and send the Work Order to the Repairer according to the notice details below or any other contact the Repairer may from time
to time notify to the Company. 
  

					
	 	 	For any Services	    	ATR SPARES DISTRIBUTION DESK
		 	 requested in standard
	    	Tel: (33) 5 62 21 60 80
		 	 conditions (including
	    	Fax: (33) 5 62 21 62 80
		 	 routine and critical):
	    	e-mail: spares.orders@atr.fr
		 	  
 For any Services
	    	  
 A.O.G. DESK:

		 	 requested in AOG
	    	Tel: (33) 5 62 21 62 00
		 	 conditions:
	    	Fax: (33) 5 62 21 62 62
		 		    	e-mail: aog.toulouse@atr.fr

  

	8.	INSURANCES 

  

	8.1	Without prejudice to any term and condition under this Agreement, the Company shall maintain in force, at all times during the Term and [*****], at its own costs and expenses, with insurers of internationally recognized

  
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 

  

					
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reputation reasonably acceptable to the Repairer, insurances in accordance with industry standards with respect to the undertakings of the
Company in Clause 15 (“Liability and Indemnity”) of this Agreement including: 
  

	 	(i)	Aircraft Hull and Spares All Risks Insurances (including, to the extent usually available war and allied perils); and, 

  

	 	(ii)	Comprehensive General Third Party Legal Liability and Aircraft Passengers and Third Party Legal Liability Insurance in respect of incidents involving Aircraft to the extent usually available, having a Combined Single
Limit of not less than [*****] any one occurrence; and, 

  

	 	(iii)	Employer’s liability insurance; and, 

  

	 	(iv)	Repairer’s values to be insured, including: 

  

	 	-	Lease of Stock (Exhibit 8 Clause 2.2) and Advanced Pool Service (Exhibit 15): the Items of the Stock shall be insured by the Company under Spares All Risk Insurance for not less than the full replacement value; and,

  

	 	-	Main Elements Service (Exhibit 11): each Spare Main Element to be delivered by the Repairer to the Company shall be insured by the Company, for not less than its full replacement value, under the Hull Insurance when
installed on the Aircraft in addition to the agreed value of such Aircraft and under the Spares All Risk Insurance while in Stock prior to attachment or following removal and replacement from the Aircraft, including transportation to and from the
Company. 

  

	8.2	In respect of Hull and Spares All Risk Insurances, the Repairer shall be named as additional insured and loss payee for their respective rights and interests, to the extent required under Clause 15
(“Liability and Indemnity”) of this Agreement. 

  

	8.3	In respect of Liability Insurance, the Repairer shall be named as additional insured and loss payee, as relevant, to the extent required under Clause 15 (“Liability and Indemnity”), with severability of
interest and confirmation that the Company policy shall be primary without right of contribution. 

  

	8.4	In respect of all of the above insurances to contain breach or warranty provisions and confirmation the policies shall not be cancelled or materially changed without [*****] prior written notice [*****] or such
lesser period in respect of War and Allied Peril). 

  

	8.5	Any applicable deductible shall be borne by the Company with respect to the above insurances. 

  

	8.6	At the latest upon the Signing Date, the Company shall provide the Repairer with relevant insurance certificates, in English, evidencing insurance requirements of this Clause 8, in a form reasonably acceptable to the
Repairer, to be attached to this Agreement in the Exhibit 17 (“Insurance certificates”). 

 Upon each renewal
of the relevant insurance policies, the Company shall on reasonable request provide the Repairer with relevant insurance certificates in order to evidence insurance is maintained in accordance with this Clause 8. The Company also agrees to promptly
pay each premium in respect of the aforesaid insurances and in the event of its failure to take out or maintain any such insurance then, without prejudice to any other rights it may have in respect of such failure, the Repairer may do so in its
place and recover the cost 
  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
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of doing so from the Company. 
  

	8.7	The Repairer shall at its own expense procure and maintain in force, with insurers of internationally recognized reputation acceptable to the Company an Aviation Liability insurance which should include:

  

	 	(i)	Aviation Products Liability insurance: the Repairer shall maintain or shall cause its Subcontractors to maintain a Products Liability Insurance during the performance of the Services up to an amount not less than
[*****] per occurrence and in the annual aggregate; and, 

  

	 	(ii)	Hangar Keeper Liability insurance: the Repairer shall maintain or shall cause its Subcontractors to maintain during the performance of the Services an Hangar Keeper Liability Insurance in an amount of not less than
[*****] any one occurrence. 

 The Repairer shall, at the latest upon the Signing Date, provide the Company with evidence of
the insurance maintained in accordance with this Clause 8.7. 
  

	9.	WARRANTIES  

 Upon Delivery, and subject to the terms of this Agreement, including
the disclaimers and limitations on liability set forth in such warranties and in Clause 14 (“Disclaimer”) of this Agreement, the Company shall be entitled to the benefit of the following warranties: 

 

	 	i)	For new LRUs or Main Elements, the terms and conditions set into the related Vendor Warranty Manual and in ATR72-600 Aircraft in the relevant clauses of the relevant Aircraft sale and purchase agreement, shall
apply. 

  

	 	ii)	For used LRUs and Main Elements repaired and overhauled by the Repairer, the warranty period shall start on the date of Delivery and shall end [*****] thereafter, whichever occurs the earliest, and such warranty
shall be subject to the exclusions of warranty set forth in Exhibit 10 (“LRUs Repair Service”) and in Exhibit 11 (“Main Elements Services”). 

 

	10.	PRICES  

 The Company shall pay to the Repairer the prices for the Services set
out in Exhibit 14 (“Price conditions”). 
  

	11.	RECONCILIATION 

  

	11.1	Reconciliation: Every [*****] as from the Start Date and throughout the Term, the Parties will record the actual number of FH and Cycles [*****] of the preceding [*****] period, in order to reconcile (i) the
amount effectively due to the Repairer with (ii) the total amount already paid by the Company , as relevant, as per Clause 12.1 (ii) hereafter, with respect of such period, as follows: 

 

	 	(i)	In case the amount effectively due to the Repairer with respect of the number 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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of FH and Cycles accumulated during the considered [*****] period is higher than the total amount already paid by the Company for the said
period, the Repairer shall then issue an additional invoice in an amount equal to the difference between these amounts, to be paid by the Company as per Clause 12 (“Invoicing and payment terms”); or, 

 

	 	(ii)	In case the amount effectively due to the Repairer with respect of the number of FH and Cycles accumulated during the considered [*****] period is lower than the total amount already paid by the Company for said period,
the Repairer shall issue a credit in an amount equal to the difference between these amounts; and/or, 

  

	 	(iii)	In case MRR is above RRR, the Repairer shall invoice an amount equal to the price set out in Clauses 2.2 and 3 of the Exhibit 14 (“Price conditions”), multiplied by the Aircraft fleet FH accrued during
the [*****] reference period, multiplied by the difference between the MRR and the RRR; or, 

  

	 	(iv)	In case MRR is less than RRR, the Repairer shall issue a credit in an amount equal to the price set out in Clauses 2.2 and 3 of the Exhibit 14 (“Price conditions”), multiplied by the Aircraft fleet FH accrued
during the [*****] reference period, multiplied by the difference between the RRR and the MRR, with a maximum allowed difference of [*****]. 

Each reconciliation shall be independent and shall have no impact on any subsequent reconciliation and/or invoicing. 

 

	11.2	Final reconciliation: within [*****] as from the End Date and without prejudice to Clause 6 of Exhibit 14 (“Price conditions”) when applicable, a final reconciliation shall be performed by the
Repairer as per this Clause 11 (“Reconciliation”). 

 Any Credit Note resulting from this final
reconciliation and due by the Repairer to the Company shall be issued within [*****] as from the effective End Date, subject to Clause 11.3 of this Agreement. 
  

	11.3	Each time a Credit Note results from any reconciliation, the Repairer shall issue such Credit Note to the Company, provided that the Company, is not in Default. 

 

	12.	INVOICING AND PAYMENT TERMS  

  

	12.1	The Repairer shall invoice the Company: 

  

	 	(i)	[*****] 

  

	 	(ii)	[*****] 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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[*****] 

	 	[*****]	

 [*****] 

	 	[*****]	

	 	[*****]	

	 	[*****]	

 [*****] 

	 	[*****]	

	 	[*****]	

	 	[*****]	

	 	[*****]	

 [*****] 

	 	[*****]	

	 	(iii)	[*****] 

  

	 	(iv)	[*****] 

  

	 	(v)	[*****] 

  

	 	(vi)	[*****] 

  

	 	(vii)	[*****] 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	 	(viii)	[*****] 

  

	 	(ix)	[*****] 

  

	 	(x)	[*****] 

  

	 	(xi)	[*****] 

  

	12.2	Unless otherwise set out herein, the Company shall pay all invoices issued by the Repairer pursuant to this Agreement, as follows: 

  

	 	(i)	within thirty (30) Days from the date of issuance of the Repairer’s invoice; and, 

	 	(ii)	in US Dollars; and, 

	 	(iii)	by SWIFT wire transfer; and, 

	 	(iv)	to the following bank account : 

 NATIXIS PARIS 

30 Avenue Pierre Mendès-France – 75013 PARIS – FRANCE 

Bank Code: [*****] 

Branch Code: [*****] 

Beneficiary: Avions de Transport Régional G.I.E. 

Bank Account: [*****] 

Key: [*****] 
 IBAN
Code: [*****] 
 or such other account as the Repairer may from time to time notify to the Company. 

For the sake of clarity, the Repairer shall issue any invoice at least ten (10) Days before the first Day of the Month of reference for
the Services. 
  

	12.3	Payments due to the Repairer herein shall be made in full, without set-off, counterclaim, deduction or withholding of any kind. Consequently, the Company shall procure that the sums received by the Repairer under this
Agreement shall be equal to the full amounts expressed to be due to the Repairer herein, without deduction or withholding on account of and free from any and all Taxes (including all applicable sales, use, transfer and value added taxes and any tax
required to be deducted or paid under the Laws of the country the Services are provided in respect of amounts paid by the Company to the Repairer), levies, imposts, dues or charges of whatever nature. 

 

	12.4	If any payment due to the Repairer (the “Unpaid Amount”) remains unpaid after the date on which it is payable (the “Due Date”), without prejudice to any other rights or remedies that it
may have at Law and/or under this Agreement, the Repairer shall be entitled to charge interests on such overdue sum from the Due Date until the actual date of payment of such sum at a rate per annum equal to the aggregate of [*****], such interest
being calculated on a monthly basis. In any case, such interest rate shall not be lower than the highest of the three (3) following rates: 

  

 
 [*****] Confidential material redacted and filed separately with the Securities and
Exchange Commission. 

  

					
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	 	(i)	[*****] 

  

	 	(ii)	[*****] 

  

	 	(iii)	[*****] 

 In addition to the foregoing, and in compliance with Article L441-6 of the French
Commercial Code, the Company shall pay a minimum fixed sum of forty (40) euros for compensation of recovery costs and reimburse all costs and expenses (including legal costs) incurred by the Repairer in the collection of any Unpaid Amount. 

 

	12.5	Invoice dispute: any invoice disputed by the Company shall have to be issued by Notice duly documented to the Repairer within [*****] from the date of its issuance. For the sake of clarity, the undisputed
portion of such invoice shall be paid pursuant to this Agreement. Any invoice not disputed by the Company within said [*****] period, shall be deemed to be accepted by the Company. 

 

	13.	SECURITY DEPOSIT  

  

	13.1	As per provisions of Clause 17 (“Conditions precedent”), and unless otherwise agreed by the Parties, the Company shall pay the Security Deposit to the Repairer in an amount equal to the aggregate of:

  

	 	(i)	[*****], as per Exhibit 14 (“Price conditions”); and, 

  

	 	(ii)	[*****] of the value of the Stock. 

 For the sake of clarity, the global amount of Security
Deposit payable at the time of the Signing Date shall be [*****]. 
  

	13.2	Such Security Deposit shall be constituted either, as follows, at the option of the Company: 

  

	 	(i)	a cash deposit by SWIFT wire transfer to the bank account indicated in Clause 12.2 (iv); or, 

  

	 	(ii)	one (1) LOC with a validity of at least [*****], acceptable to the Repairer acting reasonably. Such LOC shall be renewed and its confirmation extended, at the latest [*****] before the expiry of each previous LOC;
all costs incurred as a result of the issuance and confirmation of the LOC shall be borne by the Company. 

 It is agreed that
the Security Deposit must be available for the period ending [*****] after the Term; such Security Deposit shall be the property of the Repairer and shall be non-refundable except as set out in this Agreement. 

Provided the Company is not in Default under this Agreement and/or any other agreement entered into between the Parties and subject to the
prior written approval of the Repairer, the Company shall be entitled to substitute the LOC by a cash deposit, and vice et versa, subject to the terms of this Clause 13. 

 

	13.3	In the event that the LOC is not renewed or extended as per the terms of Clause 13.2 here above, the cash deposit shall become immediately due and payable and the Repairer shall be entitled to draw such LOC, in
order for the Repairer to receive an amount equal to the Security Deposit. 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	13.4	If, during the Term, the Company is in Default under this Agreement or under any other agreement entered into between the Repairer and the Company, and without prejudice to any rights and remedies available at
Law and/or under this Agreement, the Repairer shall be entitled to forthwith use, apply or retain all or any portion of the Security Deposit, in order to remedy such Default, including the failure to pay any due sums, the compensation or otherwise
reimbursement of any sums which the Repairer may in its discretion advance or expend as a result of said failure. 

 If the
Repairer so uses, applies or retains all or any portion of the Security Deposit, such use, application or retention shall not be deemed a cure or waiver of its rights hereunder and/or at Law as a consequence of any such Default, unless such use,
application or retention has discharged in full the relevant sums then due and owed to the Repairer by the Company, and the Company shall voluntarily or promptly upon written demand provide to the Repairer additional security in an amount sufficient
to restore the Security Deposit. 
  

	13.5	At the maximum at the end of the period of [*****] following the Term, (or such early date as the Company has made all payments due hereunder at the Repairer satisfaction), and provided that the Company is not in
Default under this Agreement or any other agreement entered into between the Parties, the Repairer shall pay to the Company an amount equal to the balance of the Security Deposit, if any. 

 

	14.	DISCLAIMER  

 TO THE EXTENT PERMITTED BY LAW, THE TERMS AND CONDITIONS SET OUT IN
THIS AGREEMENT SET OUT THE REPAIRER’S ENTIRE LIABILITY WITH RESPECT TO ALL GOODS AND SERVICES SUPPLIED HEREUNDER AND THE COMPANY AGREES THAT ALL OTHER CONDITIONS, WARRANTIES AND TERMS EXPRESSED OR IMPLIED BY LAW, STATUTE OR OTHERWISE, ARE
HEREBY EXPRESSLY EXCLUDED. 
  

	15.	LIABILITY AND INDEMNITY  

  

	15.1	SUBJECT TO CLAUSE 15.2 BELOW, THE REPAIRER, SHALL NOT BE LIABLE TO THE COMPANY FOR ANY OF THE FOLLOWING TYPES OF LOSS OR DAMAGE ARISING UNDER OR IN RELATION TO THIS AGREEMENT (WHETHER ARISING FOR BREACH OF CONTRACT,
TORT (INCLUDING NEGLIGENCE), BREACH OF STATUTORY DUTY, MISREPRESENTATION OR OTHERWISE): 

 [*****] 

[*****] 
  

	15.2	NOTHING IN THIS AGREEMENT SHALL EXCLUDE OR RESTRICT ANY LIABILITY 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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OF THE REPAIRER FOR DEATH OR PERSONAL INJURY ARISING OUT OF NEGLIGENCE OR MISCONDUCT,, OR FOR ANY OTHER LIABILITY WHICH CANNOT BE EXCLUDED OR
LIMITED BY LAW. 
  

	15.3	WITHOUT PREJUDICE TO CLAUSES 15.1 AND 15.2, THE COMPANY SHALL, EXCEPT IN CASE OF GROSS NEGLIGENCE OR WILFUL MISCONDUCT OF THE REPAIRER, BE LIABLE FOR AND SHALL INDEMNIFY AND HOLD HARMLESS THE REPAIRER INDEMNIFIED
PARTIES FROM AND AGAINST ALL LIABILITIES, CLAIMS, DAMAGES, LOSSES, SUITS, ACTIONS, PROCEEDINGS, JUDGEMENTS, COSTS AND EXPENSES INCIDENT THERETO (INCLUDING LEGAL EXPENSES AND ATTORNEY FEES INCIDENT THERETO OR INCIDENT TO SUCCESSFULLY ESTABLISHING THE
RIGHT TO INDEMNIFICATION), FOR INJURY TO OR DEATH OF ANY PERSON AND/OR FOR LOSS OF OR DAMAGE TO ANY PROPERTY AND/OR FOR LOSS OF USE THEREOF ARISING (INCLUDING THE AIRCRAFT), CAUSED BY OR IN ANY WAY CONNECTED TO THE PERFORMANCE OF THIS AGREEMENT.

  

	16.	TERMINATION 

  

	16.1	Termination events: without prejudice to any other rights under this Agreement and/or at Law, either Party shall be entitled to terminate all or part of this Agreement by Notice of termination, as per Clauses
16.4 (“Termination procedure”) and 16.6 (“Consequences of termination”), in the following events: 

  

	 	a)	Insolvency: the other Party becomes insolvent or goes into liquidation or ceases paying its debts as they fall due or makes an assignment for the benefit of creditors or if such Party being a limited Company
passes a resolution for its winding up or if a petition for its winding up is presented or it files for protection from its creditors under any applicable Law relating to bankruptcy or insolvency or any analogous event in any jurisdiction shall take
place; and/or 

  

	 	b)	Default: the other Party is in Default and does not remedy the same within [*****], or such extended period granted by the non-defaulting Party, from Notice of default specifying the failure and requiring the
remedy of such, from the non-defaulting Party. 

 For the purpose of this Clause 16.1.b), will be deemed as material
obligations under this Agreement, without the following being exhaustive: 
  

	 	(i)	the compliance by the Company with any of its payment obligations; 

  

	 	(ii)	the compliance by the Company with the provisions of Clause 17 (“Conditions precedent”) of this Agreement; 

  

	 	(iii)	the operation by the Company of at least one (1) Aircraft; 

  

	 	(iv)	the use by the Company of any Item, delivered by the Repairer to the Company pursuant to Exhibits 8 (“Lease of the Stock”), 9 (“Spare parts standard exchange Service”), 10 (“LRU
repair Service”), 11 (“Main Elements Services”) and 15 (“Advanced Pool Stock”) exclusively on Aircraft and to benefit of the Parties; 

 

	 	(v)	the return by the Company to the Repairer of any unserviceable Item which should be exclusively removed from an Aircraft; 

  

	 	(vi)	the compliance by the Repairer with its Delivery obligations; 

  

	 	(vii)	the compliance by the Parties with any of the insurance obligations as per Clause 8 (“Insurances”) of this Agreement; 

 

	 	(viii)	the compliance by either Party with any other of its obligations which by its 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	 	nature	and/or context is intended to be material. 

  

	 	c)	Excusable Delay: an Excusable Delay event lasting for more than [*****] in accordance with Clause 4.5 of this Agreement. 

  

	16.2	Left intentionally blank  

  

	16.3	Suspension procedure: notwithstanding the terms of Clause 16.4 below, in the event of a Company’s Default as per Clause 16.1.b), the Repairer shall be entitled to suspend all or part of this Agreement
by way of Notice of suspension which shall specify: 

  

	 	(i)	the Services for which such suspension shall be immediately effective until such Company’s Default is corrected; and 

  

	 	(ii)	that any pending Work Order and/or placed as from the Notice of suspension will be provided upon specific commercial proposal subject to “Payment In Advance” procedure (and/or any additional conditions to be
agreed upon by the Parties, as relevant). 

 For the sake of clarity, such Notice of suspension shall not be construed as a
waiver by the Repairer of its rights regarding (i) the obligation of the Company to perform each and every of its obligations under this Agreement and/or (ii) the right of the Repairer to enforce each and every of such Company’s
obligations and/or (iii) the right of the Repairer to terminate this Agreement, as per this Clause 16 (“Termination”) of this Agreement. 
  

	16.4	Termination procedure: to the fullest extent permitted by Law and/or under this Agreement, the termination of all or part of this Agreement, for any reason whatsoever, as per Clauses 3 (“Duration
and renewal”) and 16 (“Termination”), shall become effective as from the receipt by the relevant Party of a Notice of termination from the other Party, or any other period to be granted by such other Party, without it being
necessary to take any further action or to seek any consent from the relevant Party or any court having jurisdiction. 

 The
right of a Party to terminate all or part of this Agreement as per this Clause 16 shall be without prejudice to its other rights and remedies available at Law and/or under this Agreement to seek termination of all or part of this Agreement before
any court having jurisdiction, following arbitration proceedings consistent with Clause 24 (“Governing law and arbitration”) of this Agreement. 

In case of termination of part of this Agreement, the Notice of termination shall specify the Services that shall be terminated on the date of
such termination. 
 Any Work Order placed prior to the termination of all or part of this Agreement shall remain valid, provided that
(i) any sum due by the Company to the Repairer under the Agreement and/or any other agreement between (i) the Repairer and (ii) the Company has been paid and (ii) when applicable, the Company having paid in advance the relevant
Work Order price. 
 In the cases set forth within Clause 16.1.b) above, the non-defaulting Party shall be entitled to proceed by
appropriate court action or actions, following arbitration proceedings consistent with Clause 24 (“Governing law and arbitration”) of this Agreement., to enforce performance of this Agreement, and/or to recover damages, without
incurring any liability whatsoever and without prejudice to any other rights it may have at Law and/or under this Agreement, and specifically its right to terminate all or part of this Agreement. 

 

	16.5	Early termination fee: subject to not being in breach of any of its obligation under the Agreement, the Company may terminate this Agreement for convenience by way of Notice of termination; the Agreement
shall be then terminated following a [*****] period as from 

  
 [*****]
Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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the receipt of such Notice by the Repairer or any other lesser period to be granted by the Repairer. 

Notwithstanding this Clause 16 (“Termination”), upon receipt of such Notice of termination and without prejudice to any
rights it may have at Law, the Repairer shall invoice to the Company an early termination fee equivalent to [*****], which shall be paid within [*****] as from the issuance date of the said invoice and/or set off against any outstanding or due
payment to the Company, at the Repairer’s discretion. 
  

	16.6	Consequences of termination 

  

	 	16.6.1	Upon the End Date and without prejudice to any right that either Party may have at Law and/or under this Agreement [notably as per Clause 13 (“Security Deposit”)], the termination and/or expiry of the
Agreement shall have the following consequences: 

  

	 	a)	Payment and reimbursement: subject to the provision of reasonable documentary evidence, any outstanding and/or due amounts by either Party to the other Party under this Agreement shall be promptly paid, and any
and all legal fees and out-of-pocket expenses of the Party which terminates this Agreement for the other Party’s Default including stamp, documentary, registration or other like duties, taxes or any charges incurred and/or in connection with
enforcing, perfecting, protecting or preserving (or attempting to enforce, perfect, protect or preserve) any of its rights, or in suing for or recovering any sum, under this Agreement shall be forthwith reimbursed; and/or, 

 

	 	b)	Return of the Items: the Repairer shall be entitled, in accordance with the terms and conditions of this Agreement, including Clause 6 (“Deliveries”), to: 

 

	 	(i)	direct the Company to forthwith return the Items (excluding the Stock which, for the sake of clarity, shall be treated as per terms and conditions of Clause 6 (“Return of the Stock”) of the Exhibit 8
and Clause 7 (“Purchase or return of the Advanced Pool Stock) of the Exhibit 15 to the address hereafter and/or any other address the Repairer may notify from time to time to the Company: 

[*****] 
 and/or; 

 

	 	(ii)	repossess the Items and the Company agrees that the Repairer may enter onto the Company’s premises where such Items may be located; and/or, 

 

	 	(iii)	carry out any work, repair, re-certification, overhaul or replacement required to put such Items in serviceable condition. 

In any case under this Clause 16.6.1.b) (“Return of the Items”), the Company shall forthwith reimburse and pay any Loss
incurred and/or suffered by the Repairer. 
  

	 	c)	Termination for Default: in addition to the provisions of Clause 16.6.1.a) and b) here above, the defaulting Party shall indemnify and/or pay any Loss the other Party may sustain and/or incur as a result of such
Default. 

  

	 	d)	In addition to the provisions of Clause 16.6.1.a) and b) and 16.6.1.c) here above, in the event the Repairer terminates the Agreement further to the occurrence of the event set out in Clause 16.1.b) (iii), the Company
shall indemnify and/or pay for any Loss the 

  
 [*****] Confidential
material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	 	Repairer	may sustain and/or incur as a result of such termination 

  

	 	16.6.2	Mitigation 

 In case of termination of all or part for any reason whatsoever
and/or expiry of this Agreement, either Party shall use reasonable endeavours to mitigate its Loss (to the extent within its control to do so), but it shall not be obliged to consult with the other Party concerning any proposed course of action or
to notify such other Party of the taking of any particular action. 
  

	17.	CONDITIONS PRECEDENT 

 The Repairer’s obligations under this Agreement shall
be subject to each of the following conditions precedent having been met (or expressly waived by the Repairer) to the Repairer’s satisfaction at the latest the [*****] Day from the Signing Date: 

 

	 	(ii)	the Security Deposit being available as per Clause 13 (“Security Deposit”);and, 

  

	 	(iii)	a statement signed by a duly authorized officer of AZUL recording the status (serial number, TSN, TSO, CSN, CSO, as applicable) of each Main Element as of the Signing Date; and, 

 

	 	(iv)	a fully executed original of this Agreement; 

  

	 	(v)	the phase-in as per Clause 5 of the Exhibit 14 (“Price conditions”). 

  

	18.	EXPORT CONTROL  

 The Company warrants that the Items, the Aircraft and Services
shall be used for commercial purposes only, and shall be used and/or re-exported (where relevant) in compliance with all export control laws and regulations (hereinafter referred to as “Export Laws”), including those applicable to
parts and components of the Items and the Aircraft. The Company acknowledges that the Repairer’s obligations under this Agreement are subject to all such Export Laws, and that the Repairer shall in no event be liable in the event that the
performance by the Repairer of any of its obligations under this Agreement is affected or impaired by Export Laws. 
  

	19.	NOTICES  

 No Notice shall be deemed to have been duly given by a Party to the
other unless addressed as follows or to such other place or Person as the Parties may respectively designate in writing. 
 The Repairer
shall be addressed at: 
 AVIONS DE TRANSPORT REGIONAL, G.I.E. 

1, allée Pierre Nadot 

31712 Blagnac CEDEX 
 France 

 

			
	Attention:	 	Mr Cyril DUPUY
		
		 	E-mail: cyril.dupuy@atr.fr
	
	Fax         +00 33 5 62 21 67 40

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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The Company shall be addressed at: 
  

					
		 	 AZUL
	  	
		 	 Avenida Marcos Penteado de Ulhoa Rodrigues, 939, Castello Branco Office - Park - Torre
Jatobá - 9° andar - CEP 06460-040 - Alphaville Industrial, Barueri, SaoPaulo, Brazil

		 	
                   
 Attention
	  	Evandro Braga de Oliveira–
		 	
                   
 :
	  	Technical officer
		 		  	E-mail: evandro.oliveira@voeazul.com.br
		 		  	
		 	
                   
 Fax
	  	55 11 4134-9890

  

	20.	CONFIDENTIALITY  

  

	20.1	Confidentiality obligations 

 Unless otherwise provided in this Agreement, any
Confidential Information released by either of the Parties (the “Disclosing Party”) to the other Party (the “Receiving Party”) shall not be released in whole or in part to any third party. 

In particular, the Receiving Party undertakes: 
  

	 	-	to keep the Confidential Information strictly confidential, not to deliver, disclose or publish it to any third party including subsidiary companies and companies having an interest in its capital, except as otherwise
agreed in writing by the Disclosing Party; 

	 	-	to use the Confidential Information solely for the purpose of this Agreement and except as otherwise expressly agreed in writing by the Disclosing Party, not to use the same or permit its use for any other purpose;

	 	-	to disclose the Confidential Information only to those of its direct employees having a need to know such Confidential Information in order to make permitted use thereof, after having beforehand clearly informed such
employees of the strictly confidential nature of the Confidential Information and caused them to observe said conditions of confidentiality. The Receiving Party shall be responsible for the correct performance of said obligations of confidentiality
by its employees and shall keep up to date the list of its personnel, to whom Confidential Information is communicated, which list shall be made available to the Disclosing Party at its request; 

	 	-	not to duplicate the Confidential Information nor to copy or reproduce the same beyond the purpose of the Agreement; 

	 	-	not to disclose Confidential Information to any third party, unless such third party is acting at the instruction of the Receiving Party and such disclosure is reasonably necessary to accomplish the purpose of the
Agreement, provided however, that prior to any such disclosure both of the following conditions are satisfied: 

	 	(i)	each of such third parties, shall have signed an acknowledgement to keep such Confidential Information as strictly confidential; and, 

	 	(ii)	the Receiving Party shall have obtained written prior approval of the Disclosing Party of such proposed disclosure, which approval may be not unreasonably withheld or delayed. 

	 	-	promptly notify the Disclosing Party if a disclosure of Confidential Information is required by a Government Entity or by Law and to use all reasonable effort to assist the Disclosing Party in limiting such disclosure
to the extent permitted by Law; 

	 	-	upon discovery of any disclosure of Confidential Information, regardless of whether such discovery is intentional or inadvertent, the Receiving Party shall promptly notify the Disclosing Party and take all reasonable
actions (i) to retrieve the disclosed Confidential Information, (ii) to destroy any unauthorized copies thereof and (iii) to 

  

					
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	 	stop	further disclosure. 

  

	20.2	Non application of confidentiality obligations 

 The obligations of Receiving Party with
respect to Confidential Information as set forth in this Clause 20.1 above shall not be applicable to information which: 
  

	 	(a)	upon the Signing Date was part of the public domain or became part of the public domain after the disclosure, other than by a violation of the Agreement or any other non-disclosure agreement or the applicable Law of any
jurisdiction; or 

  

	 	(b)	was already lawfully known by the Receiving Party, as evidenced by written records bearing an unquestionable date, prior the Signing Date by the Disclosing Party and was unrestricted; or 

 

	 	(c)	was lawfully disclosed to the Receiving Party subsequently to the signature of the Agreement by a third party which had not received the same directly or indirectly from the Disclosing Party and that such disclosure
does not violate any non-disclosure agreement. 

  

	20.3	Permitted disclosure of Confidential Information  

 Notwithstanding any provision to the
contrary in the Agreement, the Receiving Party shall be entitled to disclose Confidential Information if required to do so: 
  

	 	(a)	by order of a court or government agency of competent jurisdiction; or 

  

	 	(b)	by any applicable Law, 

 provided, however, that prior to making such disclosure, the Receiving
Party shall if possible advise the Disclosing Party of the circumstances requiring such disclosure in order to afford the Disclosing Party sufficient advance notice to permit to raise any objections that it may deem appropriate. 

 

	20.4	Disclosing Party’s proprietary rights  

 Any Confidential Information shall remain
the property of the Disclosing Party. The Agreement shall not be construed as granting or conferring to the Receiving Party, either expressly or by implication, any license or proprietary interest in or to any Confidential Information nor any right
of use beyond the purpose of this Agreement. 
 The Repairer, its Affiliates and/or its Subcontractors as applicable shall remain the
exclusive owner of any intellectual property right related to the Services including: design of the LRUs, Main Elements, job cards, task cards, operating manual or industrial process, as relevant. No title to or other ownership interest in the
Confidential Information is transferred except as specifically stated in the Agreement, and the Receiving Party hereby expressly disclaims any such rights or interests. 

The Receiving Party hereby acknowledges and recognises that Confidential Information is protected by copyright Laws and related international
treaty provisions, as the case may be. 
  

  

					
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	20.5	For the sake of clarity, and for the purpose of this Clause 20 and this Agreement, any of the receiving Party’s Affiliates and their Subcontractors shall not be considered as third party and shall be entitled to
have access to any Confidential Information disclosed by the disclosing Party in connection with this Agreement. 

  

	20.6	This Clause 20 shall survive termination or expiry of this Agreement for a period of five (5) years following such End Date. 

  

	21.	TAXES  

 The prices set out in this Agreement [*****] and the [*****] shall not be
required to pay and the [*****] shall bear, any present or future Taxes in any country of the Delivery [*****] pursuant to the requirements of this Agreement including the following: 

 

	 	i)	Taxes levied on goods imported into or services to be delivered under this Agreement; and, 

  

	 	ii)	Taxes levied on materials, equipment, tools and documentation imported temporarily which are required for the performance of this Agreement; and, 

 

	 	iii)	Taxes levied in Company’s country for goods or services delivered by the Repairer to the Company; and, 

  

	 	iv)	Value added taxes, sales tax, services tax, or any similar taxes imposed in any country, on goods or services delivered to the Company. 

In the event any of the Items above are levied upon the [*****], the [*****] shall promptly issue a Notice to the [*****]. The [*****], within
[*****] of receipt of such notification from the [*****] shall either cause the charge to be waived or pay the charges directly. For those Items above that the [*****] is required by Law to pay, the [*****] shall charge the [*****] and the [*****]
shall reimburse the [*****] in an amount which leaves the [*****] in the same economic situation as if such payment of charges and reimbursement thereof had not been required. 

If the Company is required by Law to make a withholding of taxes on the payments due to the Repairer under this Agreement, the Company shall
gross up the payment so that the payment received by the Repairer after such withholding tax shall be the same amount of the prices described herein. 

For sake of clarity, the Repairer shall bear income tax assessed on the Repairer’s income and net profits in its country. 

For Items delivered by the Repairer to the Company, the final customs clearance on flow between any Repairer’s Affiliate located abroad
and warehouse located in Brazil, as notably set forth in Clause 6, shall be borne by the Company. Customs duties, IPI, ISS, ICMS and other similar taxes shall be paid by the Company. 

In addition, the Company shall provide the Repairer with the « import declarations » pertaining to any import activities performed
by the Company. 
  

	22.	ASSIGNMENT  

 There are no beneficiaries of this Agreement other than the Parties
hereto and their Affiliates and Subcontractors to the extent provided herein. 
  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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This Agreement shall be binding on the successors and permitted assignees of the Parties hereto. 

 

	 	a)	This Agreement has been entered into between the Parties in consideration of and based on characteristics specific to the Parties. Consequently either this Agreement or any of the respective rights or obligations of the
Parties hereunder may be assigned or otherwise transferred, in whole or in part, in any form whatsoever (including by way of change of Control), by either Party subject to the prior written consent of the other Party, which consent shall not be
unreasonably withheld or delayed, and any attempt to do so without such consent shall be null and void. 

  

	 	b)	Notwithstanding the above: 

  

	 	(i)	the Parties may at any time assign or transfer all or part of its rights and obligations under this Agreement to any of its Affiliates provided that such assignment or transfer is previously notified to the other Party.
In such event, any reference in this Agreement to the assigning Party shall be deemed to constitute a reference to the assignee with respect to the part of this Agreement that is assigned; and, 

 

	 	(ii)	nothing in this Agreement shall in any way restrict any change in shareholding or control of the Parties or its Affiliates or the Repairer’s rights to delegate obligations of it hereunder to a Subcontractor.
provided that, in such case, the Repairer will remain responsible for the provision of the Services in accordance with the terms of this Agreement. 

provided such assignment or transfer, change in shareholding or control has no material adverse effect on any of the Company’s rights and
obligations under this Agreement. 
  

	23.	MISCELLANEOUS  

  

	23.1	The time stipulated in this Agreement for all payments by the Company to the Repairer under this Agreement shall be of the essence. 

 

	23.2	Survival: notwithstanding anything to the contrary stated in this Agreement, no termination or expiry of this Agreement shall affect the following rights or obligations of any Party hereto: 

 

	 	(a)	with respect to any payment hereunder actually owed by either Party to the other under this Agreement prior to the End Date; and/or, 

 

	 	(b)	pursuant to Clauses 2 – “Definitions and interpretation”, 4 – “Excusable Delay”, 8 – “Insurances”, 9 – “Warranties”, 14 –
“Disclaimer”, 15 – “Liability and indemnity”, 16 – “Termination”, 20 – “Confidentiality”, 23.2 – “Survival”, 23.5 – “No
waiver”, 23.8 – “Severability”, and 24 – “Governing law and arbitration”; and/or, 

  

	 	(c)	pursuant to any other provisions of this Agreement that, by their nature and context, are intended to survive termination of this Agreement. 

 

	23.3	Representations: each Party represents to the other Party that: 

  

	 	23.3.1	It is a legal entity duly incorporated and validly existing under the laws of the jurisdiction indicated in this Agreement; 

  

  

					
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	 	23.3.2	The entering into and performance by it of its obligations in this Agreement are within its corporate powers and have been duly authorized by all necessary corporate action and are not in violation of any applicable Law
or documents, and do not require the consent or approval of, or registration or filing with, any Government Entity other than those already obtained or effected; 

 

	 	23.3.3	The signatory executing this Agreement on such Party’s behalf has been vested with the necessary authority and power to enter into this Agreement on its behalf; 

 

	 	23.3.4	This Agreement constitutes the Parties’ legal, valid and binding obligation; 

  

	 	23.3.5	Subject to Clause 20 (“Confidentiality”), it will furnish all information relating to the provisions of the Services hereunder reasonably required by the other Party and/or any Government Entity;

  

	23.4	Left intentionally blank  

  

	23.5	No waiver: the failure by either Party to enforce at any time any of the provisions of this Agreement, or to require at any time the performance by the other Party of any of the provisions hereof, shall not be
construed to be a waiver of such provisions, nor in any way affect the validity of this Agreement or any part thereof, or the right of such Party thereafter to enforce each and every such provision. 

 

	23.6	Independent contractors: neither Party is the representative or agent of the other Party for the purposes of this Agreement and nothing herein shall be construed as authorizing either Party to act as the other
Party’s representative or agent. Notwithstanding any other provisions of this Agreement, this Agreement shall not be construed as a joint venture, partnership, agency, incorporation or business association. Each Party hereto shall remain an
independent contractor. 

  

	23.7	Amendments: this Agreement shall only be varied or amended by a written document duly signed by duly authorized representatives of both Parties. Notwithstanding the foregoing, Exhibit 1 (“List of ATR
aircraft covered under this Agreement”) and the Pool may be amended from time to time by the Repairer by way of Notice sent to the Company, unless, for LRU’s reference suppression/replacement, the Company does not agree the same by way
of Notice within [*****] as from the receipt date of the said Notice from the Repairer, in compliance with this Agreement and provided that it has no material economic impact to the Company. 

 

	23.8	Severability: if any term or provision of this Agreement is determined to be invalid, illegal or incapable of being enforced by any rule of Law or public policy, all other terms and provisions hereof shall
remain in full force and effect, and the Parties shall negotiate in good faith in order to modify this Agreement with a provision having substantially the same legal and commercial effect as the severed provision. 

 

	23.9	Entire Agreement: this Agreement constitutes the entire agreement between the Parties and supersedes and replaces all prior discussions, representations, understandings or agreements whether verbal or
written, between the Parties hereto or their agents with respect to or in connection with the subject matter hereto, save and except for the provisions of any agreements which by their nature or wording are intended to remain in full force and
effect (including pre-existing confidentiality or non-disclosure undertakings not otherwise covered herein). No other documents and agreements, including either Party’s standard terms and conditions, whether existing or future, will apply
between the Parties with respect to the subject matter of this 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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Agreement, unless where otherwise expressly provided for in this Agreement. 

Each Party acknowledges that, in entering into this Agreement, it has not relied on, and shall have no right or remedy (other than for breach
of contract) in respect of any statement, representation, insurance or warranty (whether made negligently or innocently) other than as expressly set out in this Agreement. 

Nothing in this Clause shall limit or exclude any liability of either Party arising out of its pre-contract fraudulent misrepresentation or
fraudulent concealment. 
  

	23.10	Language: the Parties declare that they have requested and hereby confirm their express wish that this Agreement and any and all related documents be drawn up in the English language (or, if not in
English, with a certified English translation). 

  

	23.11	Costs and expenses: except where this Agreement provides otherwise, each Party shall pay its own costs relating to the negotiation, preparation, execution and implementation of this Agreement and of any document
related hereto. 

  

	23.12	Counterparts: this Agreement shall be signed in several counterparts, each of such counterparts so signed shall constitute an original, and all counterparts together shall constitute a single instrument.
Any executed version delivered via facsimile transmission or electronic mail (“PDF” format) shall be binding to the same extent as an original. Any Party who delivers such an executed version agrees to subsequently deliver an original
counterpart to any Party that requests it. 

  

	23.13	Publicity and public announcements: the Parties shall not make public announcements, press releases and/or advertise on the signature and/or the existence of this Agreement (but not its contents) without the
prior written consent of the other Party. 

 The Repairer is entitled to use the Company’s name and associated logos as a
business reference for its marketing activities in relation with the Services, provided such use (i) has no adverse impact on, such as but not limited to, Company’s reputation and image and (ii) complies with graphic design policy of
the Company. 
  

	23.14	Company’s audited financial statements: during the Term of this Agreement, the Company undertakes to provide promptly the Repairer with (i) its audited financial statements and (ii) any other
financial information it shall request, acting reasonably, for each relevant financial year. It is hereby agreed that any such information shall be prepared in accordance with the applicable accounting policies. 

 

	23.15	For the sake of clarity and transparency, the Services to be provided under this Agreement by the Repairer will not involve the transfer of know-how to the Company by no means whatsoever. The Services shall be performed
without the presence of any Company’s technician and no technical report shall be delivered by the Repairer in connection therewith (except if expressly required by the Company, as foreseen on Clause 23.3.5). 

 

	24.	GOVERNING LAW AND ARBITRATION  

  

	24.1	Governing law: 

 Pursuant to and in accordance with Section 5-1401 of the New York
General Obligations Law, the Parties hereto agree that this Agreement in all respects, and any claim or cause of action based upon or arising out of this Agreement, or any dealing between the Parties 

  

					
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relating to the subject matter of this Agreement or the transactions contemplated hereby or the Company/Repairer relationship being
established, shall be governed by, and construed in accordance with, the laws of the State of New York, U.S.A. as applied to contracts to be performed wholly within the State of New York (Exclusive of Section 7-101 of the New York General
Obligations Law which is inapplicable to this Agreement). 
  

	24.2	Arbitration: in the event of a dispute arising out of or relating to this Agreement, including without limitation disputes regarding the existence, validity or termination of this Agreement (a
“Dispute”), either Party may notify such Dispute to the other through service of a written notice (the “Notice of Dispute”). The Parties shall make their reasonable endeavours to settle the Dispute amicably by a
committee composed of one (1) management representative of each Party (the “Representatives”). Such committee shall be created by the Parties within [*****] from the date of receipt of the Notice of Dispute. 

 

	 	24.2.1	Subject to sub-Clause 24.2.5 below and in the event the Representatives (i) fail to create such committee or (ii) do not agree on an amicable settlement within [*****] from the date the committee referred to
in this sub-Clause 24.2 has been created or such longer period as may be agreed upon in writing by the Representatives (the “Amicable Settlement Period”), the Dispute shall be exclusively and finally settled under the Rules and
Conciliation of Arbitration of the International Chamber of Commerce (the “ICC”) by an arbitral tribunal composed of three (3) arbitrators; each Party shall then appoint one (1) arbitrator within [*****] from the last day
of the Amicable Settlement Period and the third arbitrator, who will act as President, will be appointed by the other two (2) arbitrators. In case the two (2) arbitrators appointed by the Parties do not agree on this choice with [*****]
from the date the last arbitrator is appointed, the third arbitrator will be appointed by the ICC Court. 

  

	 	24.2.2	The arbitration, and any proceedings, and meetings incidental to or related to the arbitration process, shall take place in New York, U.S.A, and the language to be used in the arbitral proceedings shall be English;
arbitral award shall be final and binding upon the Parties. 

  

	 	24.2.3	The arbitration shall be kept confidential and the existence of the proceeding and any element of it shall not be disclosed to any third party. Any information relating to and/or documents generated for the purpose of
or produced in the arbitration, including any awards, shall remain confidential between the Parties, the arbitrators and any other Person involved in the arbitration proceedings, except to the extent that disclosure may be required pursuant to any
order of court or other competent authority or tribunal, or to protect or pursue a legal rights or to enforce or challenge an award in bona fide legal proceedings before a state court or other judicial authority. 

 

	 	24.2.4	During any period of negotiation or arbitration, the Parties shall continue to meet their respective obligations in accordance with the provisions of the Agreement. 

 

	 	24.2.5	Notwithstanding any provision of this Clause 24.2 the Parties may, at any time, seek and decide to settle a Dispute either through direct negotiations or in accordance with the ICC rules in respect of the alternative
dispute resolution. 

  

	24.3	Judgment upon any award may be entered in any court having jurisdiction or application may be made to the court for a judicial recognition of the award or an order of enforcement, as the case may be. 

 

	24.4	Recourse to jurisdictions is expressly excluded except as provided for in the ICC Rules of Conciliation and Arbitration concerning Conservatory and Interim measures. 

 
  
 [*****]
Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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EXECUTION PAGE 

This Agreement has been executed in two (2) original copies in the English language on the Signing Date. 

 

							
	 On behalf of:
	 		  	 On behalf of:
  
	 	
	 AZUL LINHAS AÉREAS BRASILEIRAS
	  	AVIONS DE TRANSPORT REGIONAL
	 (Company)
	 		  	 (Repairer)
  
	 	
	 Signed by:
	 	/s/ Amir Nasruddin	  	Signed by:	 	/s/ Massimo Castorina
		 		  		 	
	 Function:
	 	Attorney in fact	  	Function:	 	Vice-President Commercial
		 		  		 	
		 		  		 	Product Support & Services

  

  

					
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EXHIBIT 1 – LIST OF ATR AIRCRAFT COVERED UNDER THIS AGREEMENT 

[*****] 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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[*****] 
 This list may be amended from
time to time by way of Notice sent to the Company by Repairer in order to cover any further ATR aircraft entering the Company’s fleet, including the airframe, engines, propellers and landing gears and parts installed on the Aircraft, when
solely operated by the Company. 
 ALL ITEMS, PARTS, COMPONENTS, SERVICES, WARRANTIES AND GUARANTEES PROVIDED HEREUNDER ARE PROVIDED SUBJECT TO CLAUSE 14 OF
THE AGREEMENT. 
  
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 

  

					
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EXHIBIT 2 – LIST OF SERVICES PROVIDED UNDER THIS AGREEMENT 

The Repairer shall provide the Company with the following Services: 

[*****] 
 ALL ITEMS, PARTS, COMPONENTS,
SERVICES, WARRANTIES AND GUARANTEES PROVIDED HEREUNDER ARE PROVIDED SUBJECT TO CLAUSE 14 OF THE AGREEMENT. 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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EXHIBIT 3 – MAIN ELEMENTS COVERED UNDER THE AGREEMENT 

[*****] 
 Part number of each assembly and
subcomponent to be provided by the Company. 
 ALL ITEMS, PARTS, COMPONENTS, SERVICES, WARRANTIES AND GUARANTEES PROVIDED HEREUNDER ARE PROVIDED SUBJECT TO
CLAUSE 14 OF THE AGREEMENT. 
  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
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EXHIBIT 4 – LIST OF LANDING GEAR ON CONDITION PARTS 

[*****] 
 ALL ITEMS, PARTS, COMPONENTS,
SERVICES, WARRANTIES AND GUARANTEES PROVIDED HEREUNDER ARE PROVIDED SUBJECT TO CLAUSE 14 OF THE AGREEMENT. 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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EXHIBIT 5 – STOCK 

The following Exhibit is composed of sixteen (16) pages, into which are listed [*****] part numbers. 

 

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	EXCHANGER-HEAT,DUAL	  	[*****]
	 [*****]
	  	CONDENSER	  	[*****]
	 [*****]
	  	COOLING UNIT	  	[*****]
	 [*****]
	  	VALVE-TURBINE INLET CONTROL	  	[*****]
	 [*****]
	  	FLIGHT DATA ACQUISITION UNIT	  	[*****]
	 [*****]
	  	FLIGHT GUIDANCE CONTROL PANEL	  	[*****]
	 [*****]
	  	AUTO PILOT SERVO-ACTUATOR	  	[*****]
	 [*****]
	  	AUTO PILOT CAPSTAN	  	[*****]
	 [*****]
	  	CVR-SOLID STATE	  	[*****]
	 [*****]
	  	CONTROL UNIT-CVR	  	[*****]
	 [*****]
	  	AUDIO CONTROL PANEL	  	[*****]
	 [*****]
	  	AMPLIFIER-PASSENGER ADDRESS	  	[*****]
	 [*****]
	  	STARTER GENERATOR-DC	  	[*****]
	 [*****]
	  	CONTROL UNIT-GENERATOR,AC	  	[*****]
	 [*****]
	  	CONTROL UNIT-BUS POWER,AC	  	[*****]
	 [*****]
	  	CONTACTOR-ACW	  	[*****]
	 [*****]
	  	ATTENDANT PANEL	  	[*****]
	 [*****]
	  	ATTENDANT PANEL	  	[*****]
	 [*****]
	  	ATTENDANT PANEL USB KEY	  	[*****]
	 [*****]
	  	HANDLE-ENG1 FIRE	  	[*****]
	 [*****]
	  	ROD-DYNAMOMETRIC,ROLL	  	[*****]
	 [*****]
	  	SWITCH UNIT-FLAP CONTROL	  	[*****]
	 [*****]
	  	ACTUATOR-ELEVATOR	  	[*****]
	 [*****]
	  	ACTUATOR-TRIM	  	[*****]
	 [*****]
	  	VALVE BLOCK-FLAP	  	[*****]
	 [*****]
	  	RESTRICTOR-FLAP VLV BLOCK FLOW, EXTN LINE	  	[*****]
	 [*****]
	  	ACTUATOR-STICK PUSHER	  	[*****]
	 [*****]
	  	VALVE BLOCK-SPOILER	  	[*****]
	 [*****]
	  	SHAKER-STICK	  	[*****]
	 [*****]
	  	ACTUATOR-SPOILER	  	[*****]
	 [*****]
	  	CABLE-TENSION REGULATOR	  	[*****]
	 [*****]
	  	COUPLING-REFUEL/DEFUEL	  	[*****]
	 [*****]
	  	CONTROLLER-HORN ANTI ICING	  	[*****]
	 [*****]
	  	RESISTOR-HORN ANTI ICING,LH ELEVATOR	  	[*****]
	 [*****]
	  	RESISTOR-HORN ANTI-ICING,RH ELEVATOR	  	[*****]
	 [*****]
	  	RESISTOR-HORN ANTI-ICING,RUDDER	  	[*****]
	 [*****]
	  	RESISTOR-HORN ANTI ICING,LH AILERON	  	[*****]

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
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CONFIDENTIAL TREATMENT REQUESTED 
  

 

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	RESISTOR-HORN ANTI ICING,RH AILERON	  	[*****]
	 [*****]
	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	 [*****]
	  	PROBE-CCAS ALPHA	  	[*****]
	 [*****]
	  	ACCELEROMETER-THREE AXIS	  	[*****]
	 [*****]
	  	TRANSMITTER-POSITION SYNCHRO	  	[*****]
	 [*****]
	  	RESERVOIR-BRAKE	  	[*****]
	 [*****]
	  	CYLINDER-MASTER	  	[*****]
	 [*****]
	  	VALVE-SELECTOR,LG	  	[*****]
	 [*****]
	  	ACCUMULATOR-PARKING	  	[*****]
	 [*****]
	  	ABSORBER-SHOCK	  	[*****]
	 [*****]
	  	VALVE-PARKING	  	[*****]
	 [*****]
	  	VALVE-BRAKE	  	[*****]
	 [*****]
	  	VALVE-RELIEF,LOW PRESSURE	  	[*****]
	 [*****]
	  	VALVE-BRAKE	  	[*****]
	 [*****]
	  	VALVE-DIFFERENTIAL CONTROL	  	[*****]
	 [*****]
	  	SELECTOR	  	
	 [*****]
	  	BOX-UPLOCK	  	[*****]
	 [*****]
	  	FLUX VALVE	  	[*****]
	 [*****]
	  	VALVE-FEED STOP	  	[*****]
	 [*****]
	  	PUMP-PROPELLER FEATHERING	  	[*****]
	 [*****]
	  	PUSH-PULL CABLE-PROP CONDITION	  	[*****]
	 [*****]
	  	PUMP GOVERNOR-PROPELLER	  	
	 [*****]
	  	OVERSPEED	  	[*****]
	 [*****]
	  	EXCITER—IGNITION I.C.	  	[*****]
	 [*****]
	  	EJECTOR, FUEL WASTE	  	[*****]
	 [*****]
	  	SERVO VALVE	  	[*****]
	 [*****]
	  	FUEL PUMP	  	[*****]
	 [*****]
	  	PUSH-PULL CABLE-PROPELLER POWER	  	[*****]
	 [*****]
	  	ACTUATOR-OIL COOLER FLAP	  	[*****]
	 [*****]
	  	COOLER-OIL	  	[*****]
	 [*****]
	  	REFERENCE UNIT-ATTITUDE AND HEADING	  	[*****]
	 [*****]
	  	GROUND COOLING FAN	  	[*****]
	 [*****]
	  	SMOKE DETECTOR	  	[*****]
	 [*****]
	  	TOTAL [*****]	  	[*****]

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
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	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	CONTROLLER-DIGITAL	  	[*****]
	 [*****]
	  	COOLING UNIT	  	[*****]
	 [*****]
	  	FAN-AIR EXTRACTION	  	[*****]
	 [*****]
	  	VALVE-ELECTROPNEUMATIC OUTFLOW	  	[*****]
	 [*****]
	  	VALVE-PACK FLOW CONTROL	  	[*****]
	 [*****]
	  	VALVE-PNEUMATIC OUTFLOW	  	[*****]
	 [*****]
	  	VALVE-SHUTOFF TURBOFAN	  	[*****]
	 [*****]
	  	VALVE-TRIM AIR	  	[*****]
	 [*****]
	  	VALVE-TURBINE INLET CONTROL	  	[*****]
	 [*****]
	  	COUPLER HF ANTENNA	  	[*****]
	 [*****]
	  	ECU-3000	  	[*****]
	 [*****]
	  	HANDSET-CABIN ATTENDANT	  	[*****]
	 [*****]
	  	MANAGEMENT UNIT-ACARS	  	[*****]
	 [*****]
	  	TRANSCEIVER-HF	  	[*****]
	 [*****]
	  	VHF/COMM TRANSCEIVER	  	[*****]
	 [*****]
	  	VHF-4000-8,33 KHZ	  	[*****]
	 [*****]
	  	CONTROL UNIT-BUS POWER,DC	  	[*****]
	 [*****]
	  	CONTROL UNIT-GENERATOR,DC	  	[*****]
	 [*****]
	  	GENERATOR-AC	  	[*****]
	 [*****]
	  	SENSOR-HALL EFFECT	  	[*****]
	 [*****]
	  	STATIC INVERTER	  	[*****]
	 [*****]
	  	TRANSFORMER RECTIFIER UNIT	  	[*****]
	 [*****]
	  	TRANSMITTER-EMERGENCY LOCATOR	  	[*****]
	 [*****]
	  	DETECTOR UNIT	  	[*****]
	 [*****]
	  	HANDLE-ENG2 FIRE	  	[*****]
	 [*****]
	  	ACTUATOR-FLAP	  	[*****]
	 [*****]
	  	DAMPER-RUDDER	  	[*****]
	 [*****]
	  	REFUEL CONTROL PANEL	  	[*****]
	 [*****]
	  	INDICATOR LEVEL SWITCH	  	[*****]
	 [*****]
	  	PUMP-ELECTRIC,AC	  	[*****]
	 [*****]
	  	DETECTOR-ICE	  	[*****]
	 [*****]
	  	VALVE-ANTI ICING PRESS REG AND	  	
	 [*****]
	  	SHUTOFF	  	[*****]
	 [*****]
	  	VALVE-ANTI ICING SHUTOFF	  	[*****]
	 [*****]
	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	 [*****]
	  	CLOCK	  	[*****]
	 [*****]
	  	DIGITAL FLIGHT DATA RECORDER	  	[*****]
	 [*****]
	  	EFIS CONTROL PANEL LH SIDE	  	[*****]
	 [*****]
	  	EFIS CONTROL PANEL RH SIDE	  	[*****]
	 [*****]
	  	INDEX CONTROL PANEL	  	[*****]
	 [*****]
	  	INTEGRATED AVIONICS DISPLAY	  	[*****]

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
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CONFIDENTIAL TREATMENT REQUESTED 
  

 

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	MPC-ED36	  	[*****]
	 [*****]
	  	MULTIFUNCTION COMPUTER	  	[*****]
	 [*****]
	  	MULTI-FUNCTION CONTROL PANEL	  	[*****]
	 [*****]
	  	MULTIPURPOSE CONTROL & DISPLAY UNIT	  	[*****]
	 [*****]
	  	SENSOR-WHEEL SPEED	  	[*****]
	 [*****]
	  	VALVE-DIFFERENTIAL CONTROL SELECTOR	  	[*****]
	 [*****]
	  	VALVE-SELECTOR,SWIVEL	  	[*****]
	 [*****]
	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	 [*****]
	  	LIGHT-ANTICOLLISION,WHITE	  	[*****]
	 [*****]
	  	LIGHT-ANTI COLLISION,RED	  	[*****]
	 [*****]
	  	LIGHT-LANDING	  	[*****]
	 [*****]
	  	LIGHT-STROBE	  	[*****]
	 [*****]
	  	POWER SUPPLY-UNIT ANTI COLLISION LIGHT	  	[*****]
	 [*****]
	  	POWER SUPPLY-UNIT ANTI COLLISION LIGHT	  	[*****]
	 [*****]
	  	AIR DATA COMPUTER	  	[*****]
	 [*****]
	  	ATC TRANSPONDER	  	[*****]
	 [*****]
	  	ATTITUDE HEADING REF UNIT	  	[*****]
	 [*****]
	  	FLUX VALVE	  	[*****]
	 [*****]
	  	INTEGRATED ELEC STAND-BY EQUIP	  	[*****]
	 [*****]
	  	INTERROGATOR-DME	  	[*****]
	 [*****]
	  	NAVIGATOR PROCESSOR UNIT (GPS RECEIVER)	  	[*****]
	 [*****]
	  	PROBE-AIR TEMPERATURE	  	[*****]
	 [*****]
	  	PROBE-PITOT	  	[*****]
	 [*****]
	  	RADIO-ALTIMETER TRANSCEIVER	  	[*****]
	 [*****]
	  	RECEIVER-VOR/ILS/MKR	  	[*****]
	 [*****]
	  	T2CAS COMPUTER	  	[*****]
	 [*****]
	  	TRANSCEIVER-WEATHER RADAR	  	[*****]
	 [*****]
	  	VOR/ILS/MKR RECEIVER	  	[*****]
	 [*****]
	  	WX RADAR CONTROL PANEL	  	[*****]
	 [*****]
	  	TRANSMITTER/REGULATOR—OXYGEN PRESS	  	[*****]
	 [*****]
	  	DUCT-DISCHARGE DOWNSTREAM VALVE	  	[*****]
	 [*****]
	  	VALVE ASSY-SHUTOFF	  	[*****]
	 [*****]
	  	VALVE-XFEED,AIR BLEED	  	[*****]
	 [*****]
	  	CAC SWM	  	[*****]
	 [*****]
	  	CORE AVIONICS CABINET I/P O/P MODULE AP	  	[*****]
	 [*****]
	  	CORE AVIONICS CABINET I/P O/P MODULE-S	  	[*****]
	 [*****]
	  	CORE AVIONICS CABINET I/P O/P MODULE-DC	  	[*****]
	 [*****]
	  	INTEGRATED CORE PROCESSING	  	
	 [*****]
	  	MODULE	  	[*****]

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 49/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

 

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	PROPELLER BLADES	  	[*****]
	 [*****]
	  	PROPELLER ASSEMBLY	  	[*****]
	 [*****]
	  	BRUSH BLOCK ASSY	  	[*****]
	 [*****]
	  	CONTROL ELECTRONIC-PROPELLER	  	[*****]
	 [*****]
	  	GOVERNOR-PROPELLER OVERSPEED	  	[*****]
	 [*****]
	  	MODULE VALVE PROPELLER	  	[*****]
	 [*****]
	  	SWITCH-PRESSURE,HYDRAULIC	  	[*****]
	 [*****]
	  	PIPE-EXHAUST	  	[*****]
	 [*****]
	  	TRANSMITTER-FUEL FLOW	  	[*****]
	 [*****]
	  	ENGINE ELECTRONIC CONTROL	  	[*****]
	 [*****]
	  	SENSOR TORQUE METER	  	[*****]
	 [*****]
	  	VALVE ASSY,INTERCOMPRESS BLEED	  	[*****]
	 [*****]
	  	VALVE INTERCOMPRESSOR BLEED	  	
	 [*****]
	  	MFC	  	[*****]
	 [*****]
	  	CONTROL,AUTOFEATHER	  	[*****]
	 [*****]
	  	COOLER - OIL	  	[*****]
	 [*****]
	  	FLOW DIVIDER & DUMP VALVE	  	[*****]
	 [*****]
	  	FUEL HEATER	  	[*****]
	 [*****]
	  	TOTAL [*****]	  	[*****]

  

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	COOLING UNIT	  	[*****]
	 [*****]
	  	EXCHANGER-HEAT,DUAL	  	[*****]
	 [*****]
	  	VALVE-PACK FLOW CONTROL	  	[*****]
	 [*****]
	  	VALVE-PNEUMATIC OUTFLOW	  	[*****]
	 [*****]
	  	VALVE-TRIM AIR	  	[*****]
	 [*****]
	  	VALVE-TURBINE INLET CONTROL	  	[*****]
	 [*****]
	  	AMPLIFIER-PASSENGER ADDRESS	  	[*****]
	 [*****]
	  	AUDIO CONTROL PANEL	  	[*****]
	 [*****]
	  	COUPLER HF ANTENNA	  	[*****]
	 [*****]
	  	CVR-SOLID STATE	  	[*****]
	 [*****]
	  	REMOTE CONTROL AUDIO UNIT	  	[*****]

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 50/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

 

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	TRANSCEIVER-HF	  	[*****]
	 [*****]
	  	CONTROL UNIT-BUS POWER,AC	  	[*****]
	 [*****]
	  	CONTROL UNIT-BUS POWER,DC	  	[*****]
	 [*****]
	  	CONTROL UNIT-GENERATOR,AC	  	[*****]
	 [*****]
	  	CONTROL UNIT-GENERATOR,DC	  	[*****]
	 [*****]
	  	GENERATOR-AC	  	[*****]
	 [*****]
	  	INVERTER-STATIC	  	[*****]
	 [*****]
	  	SENSOR-HALL EFFECT	  	[*****]
	 [*****]
	  	STARTER GENERATOR-DC	  	[*****]
	 [*****]
	  	TRANSMITTER-EMERGENCY LOCATOR	  	[*****]
	 [*****]
	  	DETECTOR-SMOKE	  	[*****]
	 [*****]
	  	ACTUATOR-TRIM	  	[*****]
	 [*****]
	  	VALVE BLOCK-FLAP	  	[*****]
	 [*****]
	  	VALVE BLOCK-SPOILER	  	[*****]
	 [*****]
	  	PUMP-FUEL ELECTRIC	  	[*****]
	 [*****]
	  	PUMP-ELECTRIC,AUXILIARY,DC	  	[*****]
	 [*****]
	  	DETECTOR-ICE	  	[*****]
	 [*****]
	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	 [*****]
	  	MULTIFUNCTION COMPUTER	  	[*****]
	 [*****]
	  	PROBE-CCAS ALPHA	  	[*****]
	 [*****]
	  	BOX-UPLOCK	  	[*****]
	 [*****]
	  	CONTROL UNIT-ANTISKID SYSTEM	  	[*****]
	 [*****]
	  	SENSOR-WHEEL SPEED	  	[*****]
	 [*****]
	  	VALVE-SELECTOR,SWIVEL	  	[*****]
	 [*****]
	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	 [*****]
	  	LIGHT-ANTICOLLISION,WHITE	  	[*****]
	 [*****]
	  	LIGHT-LANDING	  	[*****]
	 [*****]
	  	LIGHT-STROBE	  	[*****]
	 [*****]
	  	POWER SUPPLY UNIT-STROBE LIGHT	  	[*****]
	 [*****]
	  	PROBE-PITOT	  	[*****]
	 [*****]
	  	TRANSMITTER/REGULATOR – OXYGEN PRESS	  	[*****]

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 51/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

 

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	DUCT-DISCHARGE DOWNSTREAM VALVE	  	[*****]
	 [*****]
	  	VALVE ASSY-SHUTOFF	  	[*****]
	 [*****]
	  	VALVE-HP AIR BLEED	  	[*****]
	 [*****]
	  	VALVE-HP AIR BLEED	  	[*****]
	 [*****]
	  	VALVE-XFEED,AIR BLEED	  	[*****]
	 [*****]
	  	PUMP-PROPELLER FEATHERING	  	[*****]
	 [*****]
	  	SWITCH-PRESSURE,HYDRAULIC	  	[*****]
	 [*****]
	  	PIPE-EXHAUST	  	[*****]
	 [*****]
	  	TRANSMITTER-FUEL FLOW	  	[*****]
	 [*****]
	  	PUSH-PULL CABLE-PROPELLER POWER	  	[*****]
	 [*****]
	  	ACTUATOR-OIL COOLER FLAP	  	[*****]
	 [*****]
	  	COOLER-OIL	  	[*****]
	 [*****]
	  	BRAKE, PROPELLER	  	[*****]
	 [*****]
	  	EXCITER—IGNITION I.C.	  	[*****]
	 [*****]
	  	EJECTOR, FUEL WASTE	  	[*****]
	 [*****]
	  	COOLER – OIL	  	[*****]
	 [*****]
	  	SERVO VALVE	  	[*****]
	 [*****]
	  	VALVE INTERCOMPRESSOR BLEED	  	[*****]
	 [*****]
	  	FUEL HEATER	  	[*****]
	 [*****]
	  	FUEL PUMP	  	[*****]
	 [*****]
	  	TOTAL [*****]	  	[*****]

  

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	PROPELLER ASSY	  	[*****]
	 [*****]
	  	PROPELLER ASSY	  	[*****]
	 [*****]
	  	MULTIFONCTION COMPUTER	  	[*****]
	 [*****]
	  	PROPELLER ASSY	  	[*****]
	 [*****]
	  	MFC	  	[*****]
	 [*****]
	  	MFC	  	[*****]

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 52/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

 

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	BRAKE, PROPELLER	  	[*****]
	 [*****]
	  	BRAKE, PROPELLER	  	[*****]
	 [*****]
	  	AIR DATA COMPUTER	  	[*****]
	 [*****]
	  	STARTER GENERATOR-DC	  	[*****]
	 [*****]
	  	BLADE PROPELLER	  	[*****]
	 [*****]
	  	TRANSCEIVER-TCAS	  	[*****]
	 [*****]
	  	BRAKE, PROPELLER	  	[*****]
	 [*****]
	  	BRAKE, PROPELLER	  	[*****]
	 [*****]
	  	MODULE VALVE PROPELLER	  	[*****]
	 [*****]
	  	MODULE VALVE PROPELLER	  	[*****]
	 [*****]
	  	ACTUATOR-NOSE	  	[*****]
	 [*****]
	  	FCU-HYDRO MECHANICAL	  	[*****]
	 [*****]
	  	ELECTRONIC ENGINE CONTROL UNIT	  	[*****]
	 [*****]
	  	COMPUTER-AFCS	  	[*****]
	 [*****]
	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	 [*****]
	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	 [*****]
	  	TRANSCEIVER-RADIO ALTIMETER	  	[*****]
	 [*****]
	  	GROUND PROXIMITY WARNING	  	
	 [*****]
	  	COMPUTER	  	[*****]
	 [*****]
	  	VALVE-HP AIR BLEED	  	[*****]
	 [*****]
	  	INDICATOR-VERTICAL SPEED	  	[*****]
	 [*****]
	  	GENERATOR-AC	  	[*****]
	 [*****]
	  	COOLER-OIL	  	[*****]
	 [*****]
	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	 [*****]
	  	VALVE-DIFFERENTIAL CONTROL	  	
	 [*****]
	  	SELECTOR	  	[*****]
	 [*****]
	  	VALVE INTERCOMPRESSOR BLEED	  	[*****]
	 [*****]
	  	FLIGHT DATA ACQUISITION UNIT	  	[*****]
	 [*****]
	  	FLIGHT DATA ACQUISITION UNIT	  	[*****]
	 [*****]
	  	FLIGHT DATA ACQUISITION UNIT	  	[*****]
	 [*****]
	  	ACTUATOR-MAIN	  	[*****]
	 [*****]
	  	ACTUATOR-MAIN RH	  	[*****]
	 [*****]
	  	ADVISORY DISPLAY UNIT-AFCS	  	[*****]
	 [*****]
	  	VALVE ASSY-P2.5,P3 AIR PRESS.VALVE	  	[*****]
	 [*****]
	  	CONDENSER	  	[*****]
	 [*****]
	  	TRANSFORMER RECTIFIER UNIT	  	[*****]
	 [*****]
	  	CONTROL,AUTOFEATHER	  	[*****]
	 [*****]
	  	VALVE BLOCK-FLAP	  	[*****]
	 [*****]
	  	VALVE BLOCK-FLAP	  	[*****]
	 [*****]
	  	FUEL HEATER	  	[*****]
	 [*****]
	  	ACTUATOR-MAIN	  	[*****]
	 [*****]
	  	PROBE-CCAS ALPHA	  	[*****]

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 53/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

 

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	PROBE-CCAS ALPHA	  	[*****]
	 [*****]
	  	COUPLER-HF ANTENNA	  	[*****]
	 [*****]
	  	GOVERNOR-PROPELLER OVSP	  	[*****]
	 [*****]
	  	DUCT-DISCHARGE DOWNSTREAM VALVE	  	[*****]
	 [*****]
	  	CONTROLLER-DIGITAL	  	[*****]
	 [*****]
	  	RECEIVER-VOR/ILS/MKR	  	[*****]
	 [*****]
	  	FUEL PUMP	  	[*****]
	 [*****]
	  	VALVE-ELECTROPNEUMATIC OUTFLOW	  	[*****]
	 [*****]
	  	MOUNT ANTENNA-WEATHER RADAR	  	[*****]
	 [*****]
	  	PUMP, HYDRAULIC, OVSP GOV	  	[*****]
	 [*****]
	  	CONTROL ELECTRONIC-PROPELLER	  	[*****]
	 [*****]
	  	BOBBIN	  	[*****]
	 [*****]
	  	DATA COLLECTION UNIT	  	[*****]
	 [*****]
	  	PUMP-ELECTRIC,AC	  	[*****]
	 [*****]
	  	TRANSCEIVER-HF	  	[*****]
	 [*****]
	  	RESISTOR-HORN ANTI ICING,LH	  	
	 [*****]
	  	ELEVATOR	  	[*****]
	 [*****]
	  	RESISTOR-HORN ANTI-ICING,RH	  	
	 [*****]
	  	ELEVATOR	  	[*****]
	 [*****]
	  	ACTUATOR-CARGO DOOR	  	[*****]
	 [*****]
	  	INTERROGATOR-DME	  	[*****]
	 [*****]
	  	INDICATOR-CAB PRESS	  	[*****]
	 [*****]
	  	VALVE-ANTI ICING PRESS REGULATOR AND SHUTOFF	  	[*****]
	 [*****]
	  	VALVE-SELECTOR,SWIVEL	  	[*****]
	 [*****]
	  	SOLID STATE FLIGHT DATA RECORDER	  	[*****]
	 [*****]
	  	ANTENNA-TCAS	  	[*****]
	 [*****]
	  	CONTROL PANEL-AFCS	  	[*****]
	 [*****]
	  	PUMP-ELECTRIC,AUXILIARY,DC	  	[*****]
	 [*****]
	  	TRANSCEIVER-VHF	  	[*****]
	 [*****]
	  	ASSISTER-FREE FALL,MLG	  	[*****]
	 [*****]
	  	CONTROLLER-INSTRUMENT REMOTE	  	[*****]
	 [*****]
	  	COUPLER HF ANTENNA	  	[*****]
	 [*****]
	  	SEAT-DISABLED PASSENGER,RH	  	[*****]
	 [*****]
	  	SEAT-DISABLED PASSENGER,LH	  	[*****]
	 [*****]
	  	CONTROLLER-INSTRUMENT REMOTE	  	[*****]
	 [*****]
	  	DAMPER-RUDDER	  	[*****]
	 [*****]
	  	BAR ASSY-TORQUE	  	[*****]
	 [*****]
	  	HANDLE-ENG1 FIRE	  	[*****]
	 [*****]
	  	HANDLE-ENG2 FIRE	  	[*****]
	 [*****]
	  	INDICATOR-TAS/TEMP	  	[*****]
	 [*****]
	  	CONTROL PANEL-EFIS	  	[*****]
	 [*****]
	  	PROBE-AIR TEMPERATURE	  	[*****]

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 54/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

 

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	SENSOR-HALL EFFECT	  	[*****]
	 [*****]
	  	HANDSET-CABIN ATTENDANT	  	[*****]
	 [*****]
	  	JOINT	  	[*****]
	 [*****]
	  	INDICATOR-FUEL FLOW/FUEL USED,KG	  	[*****]
	 [*****]
	  	CLOCK	  	[*****]
	 [*****]
	  	VALVE-SELECTOR,LG	  	[*****]
	 [*****]
	  	HOCKMOUNT-AFT LATERAL,RH	  	[*****]
	 [*****]
	  	EXCITER-IGNITION I.C.	  	[*****]
	 [*****]
	  	SENSOR TORQUE METER	  	[*****]
	 [*****]
	  	SENSOR TORQUE METER	  	[*****]
	 [*****]
	  	INDICATOR-FUEL QUANTITY,KG	  	[*****]
	 [*****]
	  	INDICATOR-FUEL QUANTITY,KG	  	[*****]
	 [*****]
	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	 [*****]
	  	MASK ASSY-REGULATOR,OXYGEN	  	[*****]
	 [*****]
	  	CONTROL BOX-WEATHER RADAR	  	[*****]
	 [*****]
	  	DETECTOR UNIT	  	[*****]
	 [*****]
	  	TRANSCEIVER-VHF	  	[*****]
	 [*****]
	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	 [*****]
	  	BATTERY-MAIN	  	[*****]
	 [*****]
	  	ACCELEROMETER-THREE AXIS	  	[*****]
	 [*****]
	  	PUMP-PROPELLER FEATHERING	  	[*****]
	 [*****]
	  	MOTOR-WIPER,F/O	  	[*****]
	 [*****]
	  	MOTOR-WIPER,CAPTAIN	  	[*****]
	 [*****]
	  	INDICATOR-PRESSURE,TRIPLE	  	[*****]
	 [*****]
	  	ACTUATOR-UNLOCKING,MLG	  	[*****]
	 [*****]
	  	PANEL-ATTENDANT	  	[*****]
	 [*****]
	  	SENSOR, TORQUE MONITOR	  	[*****]
	 [*****]
	  	INDICATOR-ITT	  	[*****]
	 [*****]
	  	CONTROL UNIT-TCAS	  	[*****]
	 [*****]
	  	SWITCH-PROXIMITY	  	[*****]
	 [*****]
	  	SERVO VALVE	  	[*****]
	 [*****]
	  	SWITCH-PROXIMITY	  	[*****]
	 [*****]
	  	VALVE-REFUEL/DEFUEL	  	[*****]
	 [*****]
	  	SWITCH-OVERTEMPERATURE	  	[*****]
	 [*****]
	  	CYLINDER-MASTER	  	[*****]
	 [*****]
	  	INDICATOR-AIRSPEED,STANDBY	  	[*****]
	 [*****]
	  	COMPENSATOR-COLD JUNCTION	  	[*****]
	 [*****]
	  	COMPENSATOR-COLD JUNCTION	  	[*****]
	 [*****]
	  	TRANSMITTER-FUEL FLOW	  	[*****]
	 [*****]
	  	COMPENSATOR-COLD JUNCTION	  	[*****]

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 55/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

 

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	TANK-FUEL DRAIN AND EJECTOR PUMP	  	[*****]
	 [*****]
	  	EJECTOR, FUEL WASTE	  	[*****]
	 [*****]
	  	SENSOR-WHEEL SPEED	  	[*****]
	 [*****]
	  	CONTROL UNIT-DUAL ATC	  	[*****]
	 [*****]
	  	LEVER-CONTROL,L/G	  	[*****]
	 [*****]
	  	CONTROL UNIT-OVEN	  	[*****]
	 [*****]
	  	INDICATOR-ITT	  	[*****]
	 [*****]
	  	CLOCK	  	[*****]
	 [*****]
	  	CLOCK	  	[*****]
	 [*****]
	  	CONTROL UNIT-VHF	  	[*****]
	 [*****]
	  	VALVE-FLUX	  	[*****]
	 [*****]
	  	LIGHT-STROBE	  	[*****]
	 [*****]
	  	CONTROL UNIT-VOR/ILS/DME	  	[*****]
	 [*****]
	  	CONTROL UNIT-ADF	  	[*****]
	 [*****]
	  	SWITCH-PRESSURE	  	[*****]
	 [*****]
	  	MASK ASSY-REGULATOR,OXYGEN	  	[*****]
	 [*****]
	  	FLOW DIVIDER & DUMP VALVE	  	[*****]
	 [*****]
	  	TRANSMITTER-EMERGENCY LOCATOR	  	[*****]
	 [*****]
	  	INDICATOR-OIL TEMP/PRESS	  	[*****]
	 [*****]
	  	VALVE-TWO WAY AND WATER DRAIN	  	[*****]
	 [*****]
	  	SWITCH-PROXIMITY	  	[*****]
	 [*****]
	  	CONTACTOR-ACW	  	[*****]
	 [*****]
	  	SWITCH-PROXIMITY	  	[*****]
	 [*****]
	  	ACTUATOR-OIL COOLER FLAP	  	[*****]
	 [*****]
	  	LIGHT-LANDING	  	[*****]
	 [*****]
	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	 [*****]
	  	SWITCH-OVERTEMPERATURE	  	[*****]
	 [*****]
	  	SWITCH-PRESSURE,HYDRAULIC	  	[*****]
	 [*****]
	  	VALVE-CHECK	  	[*****]
	 [*****]
	  	PROBE-PITOT	  	[*****]
	 [*****]
	  	INDICATOR-FUEL TEMPERATURE	  	[*****]
	 [*****]
	  	ANTENNA-RADIO-ALTIMETER RECEPTION	  	[*****]
	 [*****]
	  	CONTROL UNIT-ATC	  	[*****]
	 [*****]
	  	CONTROL UNIT-VHF	  	[*****]
	 [*****]
	  	STATIC INVERTER	  	[*****]

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 56/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

 

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	EXCHANGER-HEAT,DUAL	  	[*****]
	 [*****]
	  	TRANSCEIVER-TCAS	  	[*****]
	 [*****]
	  	PLAYER-CASSETTE	  	[*****]
	 [*****]
	  	CONTROLLER-WINDSHIELD TEMPERATURE	  	[*****]
	 [*****]
	  	FAN-GROUND COOLING	  	[*****]
	 [*****]
	  	FAN-RECIRCULATION	  	[*****]
	 [*****]
	  	TOTAL [*****]	  	[*****]

  

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	AUTO PILOT CAPSTAN	  	[*****]
	 [*****]
	  	AUTO PILOT SERVO-ACTUATOR	  	[*****]
	 [*****]
	  	FLIGHT GUIDANCE CONTROL PANEL	  	[*****]
	 [*****]
	  	VHF/COMM TRANSCEIVER	  	[*****]
	 [*****]
	  	POWER TRIM BOX	  	[*****]
	 [*****]
	  	CLOCK	  	[*****]
	 [*****]
	  	DIGITAL FLIGHT DATA RECORDER	  	[*****]
	 [*****]
	  	EFIS CONTROL PANEL LH SIDE	  	[*****]
	 [*****]
	  	EFIS CONTROL PANEL RH SIDE	  	[*****]
	 [*****]
	  	INDEX CONTROL PANEL	  	[*****]
	 [*****]
	  	INTEGRATED AVIONICS DISPLAY	  	[*****]
	 [*****]
	  	MPC-ED36	  	[*****]
	 [*****]
	  	MULTI-FUNCTION CONTROL PANEL	  	[*****]
	 [*****]
	  	MULTIPURPOSE CONTROL & DISPLAY UNIT	  	[*****]
	 [*****]
	  	AIR DATA COMPUTER	  	[*****]
	 [*****]
	  	ATC TRANSPONDER	  	[*****]
	 [*****]
	  	ATTITUDE HEADING REF UNIT	  	[*****]
	 [*****]
	  	FLUX VALVE	  	[*****]
	 [*****]
	  	INTEGRATED ELEC.STAND-BY EQUIP	  	[*****]
	 [*****]
	  	INTERROGATOR-DME	  	[*****]
	 [*****]
	  	NAVIGATOR PROCESSOR UNIT (GPS RECEIVER)	  	[*****]
	 [*****]
	  	RADIO-ALTIMETER TRANSCEIVER	  	[*****]
	 [*****]
	  	RECEIVER-VOR/ILS/MKR	  	[*****]
	 [*****]
	  	T2CAS COMPUTER	  	[*****]
	 [*****]
	  	WX RADAR CONTROL PANEL	  	[*****]
	 [*****]
	  	CAC SWM	  	[*****]
	 [*****]
	  	CORE AVIONICS CABINET INPUT OUPUT MODULE AUTO PILOT	  	[*****]

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 57/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

 

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	CORE AVIONICS CABINET INPUT OUPUT MODULE-DC	  	[*****]
	 [*****]
	  	CORE AVIONICS CABINET INPUT OUTPUT MODULE-S	  	[*****]
	 [*****]
	  	INTEGRATED CORE PROCESSING MODULE	  	[*****]
	 [*****]
	  	PRINTER	  	[*****]
	 [*****]
	  	ICP 110VM	  	[*****]
	 [*****]
	  	ICP 111VM	  	[*****]
	 [*****]
	  	ICP 111VM	  	[*****]
	 [*****]
	  	ICP 112VM	  	[*****]
	 [*****]
	  	ICP 114VM	  	[*****]
	 [*****]
	  	ICP 131VM	  	[*****]
	 [*****]
	  	ICP 131VM	  	[*****]
	 [*****]
	  	ICP 132VM	  	[*****]
	 [*****]
	  	ICP 400VM	  	[*****]
	 [*****]
	  	ICP 401VM	  	[*****]
	 [*****]
	  	ICP 402VM	  	[*****]
	 [*****]
	  	ICP 404VM	  	[*****]
	 [*****]
	  	ICP 6VM	  	[*****]
	 [*****]
	  	ICP 811VM	  	[*****]
	 [*****]
	  	CENTRAL MAIN INSTRUMENT	  	[*****]
	 [*****]
	  	PANEL LIGHT	  	[*****]
	 [*****]
	  	LIGHT MANAGEMENT UNIT	  	[*****]
	 [*****]
	  	TCAS DIRECTIONAL ANTENNA	  	[*****]
	 [*****]
	  	TOTAL [*****]	  	[*****]

  

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	T2CAS Computer	  	[*****]
	 [*****]
	  	T2CAS Computer	  	[*****]
	 [*****]
	  	TOTAL [*****] 	  	[*****]

  

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	PROBE-PITOT	  	[*****]
	 [*****]
	  	EJECTION DUCT	  	[*****]
	 [*****]
	  	BUS POWER CONTROL UNIT	  	[*****]
	 [*****]
	  	BATTERY-EMERGENCY	  	[*****]
	 [*****]
	  	AFTER ROLLER BLIND	  	[*****]

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 58/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

 

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	OXYGEN CYLINDER ASSY	  	[*****]
	 [*****]
	  	DIGITAL FLT DATA RECORDER	  	[*****]
	 [*****]
	  	ATTITUDE HEADING REF UNIT	  	[*****]
	 [*****]
	  	PCMCIA	  	[*****]
	 [*****]
	  	POWER SUPPLY UNIT	  	[*****]
	 [*****]
	  	FUSELAGE GROUND LIGHT	  	[*****]
	 [*****]
	  	EMERGENCY POWER SUPPLY	  	[*****]
	 [*****]
	  	INTERCOMPRESSOR BLEED VALVE	  	[*****]
	 [*****]
	  	BATTERY-MAIN	  	[*****]
	 [*****]
	  	MOTOR AND PUMP ASSEMBLY	  	[*****]
	 [*****]
	  	FIRE EXTINGUISHER	  	[*****]
	 [*****]
	  	TRIM INDICATOR	  	[*****]
	 [*****]
	  	AISLE MARKING EMERGENCY	  	[*****]
	 [*****]
	  	INTERTURBINE TEMP.INDICATOR	  	[*****]
	 [*****]
	  	INTERTURBINE TEMP.INDICATOR	  	[*****]
	 [*****]
	  	PROPELLER SPEED INDICATOR	  	[*****]
	 [*****]
	  	VHF/COMM TRANSCEIVER	  	[*****]
	 [*****]
	  	STANDBY ALTIMETER	  	[*****]
	 [*****]
	  	AIR DATA COMPUTER	  	[*****]
	 [*****]
	  	AIRSPEED INDICATOR	  	[*****]
	 [*****]
	  	REFUEL CONTROL PANEL	  	[*****]
	 [*****]
	  	ELECTRONIC ENGINE	  	
	 [*****]
	  	CONTROL	  	[*****]
	 [*****]
	  	VHF/COMM CONTROL PANEL	  	[*****]
	 [*****]
	  	T2CAS COMPUTER	  	[*****]
	 [*****]
	  	FWD SIDE LH ISOLATOR	  	[*****]
	 [*****]
	  	EFIS CONTROL PANEL RH	  	[*****]
	 [*****]
	  	EFIS CONTROL PANEL LH	  	[*****]
	 [*****]
	  	INDEX CONTROL PANEL	  	[*****]
	 [*****]
	  	INTEGRATED CORE PROCESSING MOD	  	[*****]
	 [*****]
	  	PROPELLER VALVE MODULE	  	[*****]
	 [*****]
	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	 [*****]
	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	 [*****]
	  	LP CHECK VALVE	  	[*****]
	 [*****]
	  	MPC	  	[*****]
	 [*****]
	  	EMERGENCY LOCATOR BEACON	  	[*****]
	 [*****]
	  	EMERGENCY POWER SUPPLY	  	[*****]
	 [*****]
	  	PRESSURE REG & S/O VALVE	  	[*****]
	 [*****]
	  	PRESSURE REG & S/O VALVE	  	[*****]
	 [*****]
	  	HALL EFFECT CURRENT	  	[*****]
	 [*****]
	  	TOTAL [*****]	  	[*****]

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 59/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

 

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	TRIM ACTUATOR	  	[*****]
	 [*****]
	  	T.I.C. VALVE	  	[*****]
	 [*****]
	  	AIR CYCLE UNIT	  	[*****]
	 [*****]
	  	LP CHECK VALVE	  	[*****]
	 [*****]
	  	DUAL DISTRIBUTOR VALVE	  	[*****]
	 [*****]
	  	HALL EFFECT CURRENT	  	[*****]

  

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	AUTO PILOT SERVO-ACTUATOR	  	[*****]
	 [*****]
	  	EXCHANGER	  	[*****]
	 [*****]
	  	CHECK VALVE	  	[*****]
	 [*****]
	  	PRESSURE REG AND S/O VALVE	  	[*****]
	 [*****]
	  	PRESSURE REG AND S/O VALVE	  	[*****]
	 [*****]
	  	INTEGRATED CORE PROCESSING MOD	  	[*****]
	 [*****]
	  	TOTAL [*****]	  	[*****]

  

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	 [*****]
	  	VALVE BLOCK-FLAP	  	[*****]
	 [*****]
	  	DUCT-DISCHARGE DOWNSTREAM VALVE	  	[*****]
	 [*****]
	  	DUCT-DISCHARGE DOWNSTREAM VALVE	  	[*****]
	 [*****]
	  	VALVE-SELECTOR,SWIVEL	  	[*****]
	 [*****]
	  	VALVE-SELECTOR,SWIVEL	  	[*****]
	 [*****]
	  	JOINT	  	[*****]
	 [*****]
	  	LIGHT-LANDING	  	[*****]
	 [*****]
	  	ICP 112VM	  	[*****]
	 [*****]
	  	ICP 114VM	  	[*****]
	 [*****]
	  	TCAS DIRECTIONAL ANTENNA	  	[*****]
	 [*****]
	  	TCAS DIRECTIONAL ANTENNA	  	[*****]
	 [*****]
	  	SERVO VALVE	  	[*****]
	 [*****]
	  	TOTAL [*****]	  	[*****]

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 60/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

 

					
	 [*****]
	  	 DESCRIPTION
	  	 [*****]

	 [*****]
	  	PROBE-PITOT	  	[*****]

 ALL ITEMS, PARTS, COMPONENTS, SERVICES, WARRANTIES AND GUARANTEES PROVIDED HEREUNDER ARE PROVIDED SUBJECT TO CLAUSE 14 OF THE
AGREEMENT. 
  
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 61/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 6 – LRUs COVERED BY REPAIR AND STANDARD EXCHANGE SERVICES 

The following Exhibit is composed of eight (8) pages, into which are listed [*****] part numbers. 

 

	 	1.	List A 

 The following list of LRUs contains [*****] part numbers. 

 

			
	 [*****]
	  	 Description

	 [*****]
	  	WATER EXTRACTOR
	 [*****]
	  	AIR CYCLE UNIT
	 [*****]
	  	DIGITAL CONTROLLER
	 [*****]
	  	CONDITIONED AIR CHECK VALVE
	 [*****]
	  	REGULATOR-PRESSURE
	 [*****]
	  	PRESSURE REG AND S/O VALVE
	 [*****]
	  	BUTTERFLY MODULATING VALVE
	 [*****]
	  	CHECK VALVE
	 [*****]
	  	CHECK VALVE
	 [*****]
	  	PRESSURIZATION INDICATOR
	 [*****]
	  	DUAL TEMPERATURE INDICATOR
	 [*****]
	  	CONTROLLER-TEMP
	 [*****]
	  	OVERTEMP. SWITCH
	 [*****]
	  	VLV-U/FLOOR ISOL/VEN
	 [*****]
	  	CONDENSER
	 [*****]
	  	CONTROLLER-MANUAL
	 [*****]
	  	VLV-SHUTOFF TURBOFAN
	 [*****]
	  	TEMPERATURE CONTROL VALVE
	 [*****]
	  	RECIRCULATION FAN ASSY
	 [*****]
	  	GROUND COOLING FAN
	 [*****]
	  	E/E COOLING FAN
	 [*****]
	  	AMBIANT PRESSURE UNIT
	 [*****]
	  	UNDER FLOOR VALVE
	 [*****]
	  	GND OUTFLOW VALVE
	 [*****]
	  	ROD-DYNAMOMETRIC ELE
	 [*****]
	  	ROD-DYNAMOMTRC RUDDR
	 [*****]
	  	FORCE DETECTOR ROD
	 [*****]
	  	ROD-DYNAMOMETRIC ELE
	 [*****]
	  	AP.SERVO ACTUATOR
	 [*****]
	  	ADVISORY DISPLAY
	 [*****]
	  	AUTOPILOT COMPUTER
	 [*****]
	  	AUTOPILOT COMPUTER
	 [*****]
	  	AP/FD CONTROL PANEL
	 [*****]
	  	FLIGHT GUIDANCE CONTROL PANEL
	 [*****]
	  	FLIGHT GUIDANCE CONTROL PANEL
	 [*****]
	  	FLIGHT GUIDANCE CONTROL PANEL

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 62/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

 

			
	 [*****]
	  	 Description

	 [*****]
	  	AUTO PILOT SERVO-ACTUATOR
	 [*****]
	  	CAPSTAN
	 [*****]
	  	DIGITAL PLAYER
	 [*****]
	  	MONITOR
	 [*****]
	  	COCKPIT VOICE RECORDER
	 [*****]
	  	VHF/COMM TRANSCEIVER
	 [*****]
	  	DUAL SYSTEM ADAPTER
	 [*****]
	  	HF/COMM TRANSCEIVER
	 [*****]
	  	AUTOMATIC ANTENNA COUPLER
	 [*****]
	  	HF/COMM CONTROL PANEL
	 [*****]
	  	AUTOMATIC ANTENNA COUPLER
	 [*****]
	  	HF/COMM TRANSCEIVER
	 [*****]
	  	VHF/COMM TRANSCEIVER
	 [*****]
	  	VHF/COMM TRANSCEIVER
	 [*****]
	  	VHF COMM TRANSCEIVER
	 [*****]
	  	VHF-4000-8,33 KHZ
	 [*****]
	  	VHF 4000
	 [*****]
	  	MANAGEMNT UNIT-ACARS
	 [*****]
	  	VHF/COMM CONTROL PANEL
	 [*****]
	  	VHF/COMM CONTROL PANEL
	 [*****]
	  	ATTENDANT HANDSET
	 [*****]
	  	ATTENDANT HANDSET
	 [*****]
	  	ATTENDANT HANDSET
	 [*****]
	  	SELECTION PNL-SELCAL
	 [*****]
	  	REMOTE CONTROL AUDIO UNIT
	 [*****]
	  	REMOTE CONTROL AUDIO UNIT
	 [*****]
	  	REMOTE CONTROL AUDIO UNIT
	 [*****]
	  	PASSENGER ADDRESS AMPLIFIER
	 [*****]
	  	SELCAL DECODER
	 [*****]
	  	STATIC INVERTER
	 [*****]
	  	TRANSFORMER RECTIFIER UNIT
	 [*****]
	  	GENERATOR CONTROL UNIT
	 [*****]
	  	HALL EFFECT CURRENT
	 [*****]
	  	CURRENT TRANSFORMER
	 [*****]
	  	BATTERY CH/DISCH.AMMETER
	 [*****]
	  	GENERATOR CONTROL UNIT
	 [*****]
	  	ELEC.POWER MESURING ASSY
	 [*****]
	  	BUS POWER CONTROL UNIT
	 [*****]
	  	AC.CONTACTOR
	 [*****]
	  	TRANSFORMER RECTIFIER UNIT
	 [*****]
	  	DC CONTACTOR
	 [*****]
	  	EMERGENCY LOCATOR BEACON
	 [*****]
	  	TOILET-PSU
	 [*****]
	  	EMERGENCY LOCATOR BEACON

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 63/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

 

			
	 [*****]
	  	 Description

	 [*****]
	  	LF.FIRE-SHUT-OFF CTL.PANEL
	 [*****]
	  	RH.FIRE-SHUT-OFF CTL.PANEL
	 [*****]
	  	FIRE DETECTION CONTROL UNIT
	 [*****]
	  	FAN SMOKE DETECTION
	 [*****]
	  	SMOKE DETECTOR
	 [*****]
	  	DETECTION BOX
	 [*****]
	  	CONTROL BOX
	 [*****]
	  	SMOKE DETECTOR
	 [*****]
	  	SMOKE DETECTOR
	 [*****]
	  	POSITION TRANSMITTER
	 [*****]
	  	RELEASABLE CENTRING UNIT
	 [*****]
	  	CABLE TENSION REGULATOR
	 [*****]
	  	FLAPS POSITION INDICATOR
	 [*****]
	  	FLAPS POSITION INDICATOR
	 [*****]
	  	TRIM INDICATOR
	 [*****]
	  	TRIM INDICATOR
	 [*****]
	  	SHAFT-FLEXIBLE
	 [*****]
	  	FLAP CONTROL SWITCH UNIT
	 [*****]
	  	ELECTROMECHANICAL ACTUATOR
	 [*****]
	  	STICK PUSHER
	 [*****]
	  	FLAP VALVE BLOCK
	 [*****]
	  	SPOILER VALVE BLOCK
	 [*****]
	  	ALPHA PROBE
	 [*****]
	  	POWER TRIM BOX
	 [*****]
	  	RUDDER DAMPER
	 [*****]
	  	RESTRICTOR UNIT
	 [*****]
	  	RESTRICTOR UNIT
	 [*****]
	  	RUDDER DAMPER
	 [*****]
	  	FLAP ACTUATOR
	 [*****]
	  	FLAP ACTUATOR
	 [*****]
	  	STICK SHAKER
	 [*****]
	  	AILERON GUST-LOCK ACTUATOR
	 [*****]
	  	SPOILER ACTUATOR
	 [*****]
	  	FIRE SHUT-OFF VALVE
	 [*****]
	  	CROSSFEED VALVE
	 [*****]
	  	MOTIVE FLOW VALVE
	 [*****]
	  	ACTUATOR-FUEL LP VLV
	 [*****]
	  	ACTUATOR-FUEL CROSSF
	 [*****]
	  	GRAVITY FILLER CAP
	 [*****]
	  	FUEL TANK TEMP.INDICATOR
	 [*****]
	  	FUEL CONTROL UNIT
	 [*****]
	  	REFUEL CONTROL PANEL
	 [*****]
	  	FUEL QUANTITY REPEATER
	 [*****]
	  	FUEL QUANTITY INDICATOR

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 64/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

 

			
	 [*****]
	  	 Description

	 [*****]
	  	FUEL QUANTITY INDICATOR
	 [*****]
	  	FUEL PROBE(N1)
	 [*****]
	  	FUEL QUANTITY PRESELECTOR
	 [*****]
	  	FUEL QUANTITY PRESELECTOR
	 [*****]
	  	CLINOMETER-ROLL ATT
	 [*****]
	  	FUEL ELECTROPUMP
	 [*****]
	  	FUEL ELECTROPUMP
	 [*****]
	  	JET PUMP
	 [*****]
	  	ENGINE FEED JET PUMP
	 [*****]
	  	FUEL PUMP CANISTER
	 [*****]
	  	REFUEL/DEFUEL COUPLING
	 [*****]
	  	REFUELLING ASSEMBLY
	 [*****]
	  	REFUELLING ASSEMBLY
	 [*****]
	  	RESERVOIR
	 [*****]
	  	LINE ACCUMULATOR
	 [*****]
	  	PRESSURE MODULE
	 [*****]
	  	LOW LEVEL SWITCH
	 [*****]
	  	AC MOTOR DRIVEN PUMP
	 [*****]
	  	DC HYDRAULIC PUMP
	 [*****]
	  	TRIPLE INDIC
	 [*****]
	  	ICE DETECTOR
	 [*****]
	  	WIPER MOTOR CONVERTER
	 [*****]
	  	WIPER MOTOR CONVERTER
	 [*****]
	  	MAIN WINDSHIELD CONTROLLER
	 [*****]
	  	STBY DE ICING CTL UNIT
	 [*****]
	  	DUAL DISTRIBUTOR VALVE
	 [*****]
	  	REGULATOR/SHUTOFF VALVE
	 [*****]
	  	SHUT OFF VALVE
	 [*****]
	  	ANTI-ICING CONTROLLER
	 [*****]
	  	LEFT ELEVATOR HORN
	 [*****]
	  	RIGHT ELEVATOR HORN
	 [*****]
	  	RUDDER HORN
	 [*****]
	  	LEFT AILERON HORN
	 [*****]
	  	RIGHT AILERON HORN
	 [*****]
	  	LEFT AILERON HORN
	 [*****]
	  	RIGHT AILERON HORN
	 [*****]
	  	ATTENDANT PANEL
	 [*****]
	  	QUICK ACCESS RECORDER
	 [*****]
	  	APIU
	 [*****]
	  	DIGITAL FLT DATA RECORDER
	 [*****]
	  	DIGITAL FLT DATA RECORDER
	 [*****]
	  	LINEAR ACCELEROMETER
	 [*****]
	  	MPC-ED36
	 [*****]
	  	ATTENDANT PANEL

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 65/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

 

			
	 [*****]
	  	 Description

	 [*****]
	  	ATTENDANT PANEL
	 [*****]
	  	ROD-DYNAMOMETRIC,ROL
	 [*****]
	  	CREW ALERTING PANEL
	 [*****]
	  	ENTRY PANEL-FLT DATA
	 [*****]
	  	CLOCK
	 [*****]
	  	EFIS CONTROL PANEL RH SIDE
	 [*****]
	  	EFIS CONTROL PANEL RH SIDE
	 [*****]
	  	EFIS CONTROL PANEL LH SIDE
	 [*****]
	  	EFIS CONTROL PANEL LH SIDE
	 [*****]
	  	INDEX CONTROL PANEL
	 [*****]
	  	INDEX CONTROL PANEL
	 [*****]
	  	MULTI-FUNCTION CONTROL PANEL
	 [*****]
	  	MULTI-FUNCTION CONTROL PANEL
	 [*****]
	  	INTEGRATED AVIONICS DISPLAY
	 [*****]
	  	FDAU
	 [*****]
	  	FDAU
	 [*****]
	  	MPC
	 [*****]
	  	CLOCK
	 [*****]
	  	MULTIPURPOSE CONTROL & DISPLAY UNIT
	 [*****]
	  	MULTIFUNCTION COMPUTER
	 [*****]
	  	CLOCK
	 [*****]
	  	PARKING VALVE
	 [*****]
	  	BRAKING RESERVOIR
	 [*****]
	  	MASTER CYLINDER
	 [*****]
	  	LANDING GEAR CONTROL VALVE
	 [*****]
	  	PARKING ACCUMULATOR
	 [*****]
	  	HYDRAULIC DUMPER
	 [*****]
	  	NORMAL METERING VALVE
	 [*****]
	  	WHEEL SPEED TRANSD ASSY
	 [*****]
	  	PARKING VALVE
	 [*****]
	  	NORMAL METERING VALVE
	 [*****]
	  	MODULE-ANTISKIP
	 [*****]
	  	ANTISKID VALVE MANIFOLD
	 [*****]
	  	ANTISKID CONTROL UNIT
	 [*****]
	  	ANTISKID CONTROL UNIT
	 [*****]
	  	VLV-RELIEF LOW PRESS
	 [*****]
	  	RESTRICTOR VALVE
	 [*****]
	  	SOLENOID VALVE NLG
	 [*****]
	  	SWIVEL SELECTOR VALVE
	 [*****]
	  	DIFF CONTROL SELECT VALVE
	 [*****]
	  	UP LOCK BOX
	 [*****]
	  	LANDING GEAR SELECTOR
	 [*****]
	  	ANTICOLL.LTG POWER SPLY UNIT

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Global Maintenance Master Agreement

DS/CS-3957/14/Issue 7
	  	Page 66/110

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

 

			
	 [*****]
	  	 Description

	 [*****]
	  	TRANSFORMER-115V/5V-
	 [*****]
	  	LIGHT-LOGO
	 [*****]
	  	WING-ENG SCAN LIGHT LH
	 [*****]
	  	WING-ENG SCAN LIGHT LH
	 [*****]
	  	WING-ENG SCAN LIGHT RH
	 [*****]
	  	WING-ENG SCAN LIGHT LH
	 [*****]
	  	LANDING LIGHT
	 [*****]
	  	ANTICOLL.LTG POWER SPLY UNIT
	 [*****]
	  	ANTICOLL. LIGHT
	 [*****]
	  	TOTAL AIR TEMP SENSOR
	 [*****]
	  	FLUX VALVE COMPENSATOR
	 [*****]
	  	FLUX VALVE
	 [*****]
	  	ATTITUDE HEADING REF UNIT
	 [*****]
	  	VSI/TCAS INDICATOR
	 [*****]
	  	ALTIMETER
	 [*****]
	  	VSI/TCAS INDICATOR
	 [*****]
	  	PROBE-PITOT
	 [*****]
	  	RADIOMAGNETIC INDICATOR
	 [*****]
	  	ADF.RECEIVER
	 [*****]
	  	VOR/ILS/MKR.RECEIVER
	 [*****]
	  	DME RECEIVER
	 [*****]
	  	ATC CONTROL PANEL
	 [*****]
	  	DME INDICATOR
	 [*****]
	  	ADAPTER
	 [*****]
	  	ATC TRANSPONDER
	 [*****]
	  	ATC TRANSPONDER
	 [*****]
	  	ATC TRANSPONDER
	 [*****]
	  	IND-AIRSPEED STDBY
	 [*****]
	  	STANDBY ALTIMETER
	 [*****]
	  	AIR DATA COMPUTER
	 [*****]
	  	INDICATOR-TAS/TEMP
	 [*****]
	  	AIRSPEED INDICATOR
	 [*****]
	  	ATTITUDE HEADING REF UNIT
	 [*****]
	  	EFIS SYMBOL GENERATOR
	 [*****]
	  	EFIS.CONTROL PANEL
	 [*****]
	  	CRS/HDG.REMOTE CONTROLLER
	 [*****]
	  	CRS/ALT.REMOTE CONTROLLER
	 [*****]
	  	WX.RADAR CONTROL PANEL
	 [*****]
	  	WX.RADAR CONTROL PANEL
	 [*****]
	  	WX.RADAR CONTROL PANEL
	 [*****]
	  	RADAR RECEIVER TRANSCEIVER
	 [*****]
	  	ATC TRANSPONDER
	 [*****]
	  	MULTI. CONTROL & DISPLAY UNIT
	 [*****]
	  	TRANSCEIVER RECEIVER TCAS

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
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CONFIDENTIAL TREATMENT REQUESTED 
  

 

			
	 [*****]
	  	 Description

	 [*****]
	  	VOR/ILS/MKR.RECEIVER
	 [*****]
	  	DME TRANSCEIVER
	 [*****]
	  	VOR/ILS/MKR.RECEIVER
	 [*****]
	  	ATC CONTROL PANEL
	 [*****]
	  	VOR/ILS/DME.CONTROL PANEL
	 [*****]
	  	ADF.CONTROL PANEL
	 [*****]
	  	TCAS CONTROL PANEL
	 [*****]
	  	NAVIGATOR PROCESSOR UNIT
	 [*****]
	  	NAVIGATOR PROCESSOR UNIT
	 [*****]
	  	T2CAS COMPUTER
	 [*****]
	  	RADIO-ALTIMETER TRANSCEIVER
	 [*****]
	  	RADIO-ALTIMETER TRANSCEIVER
	 [*****]
	  	EGPWS MK8 COMPUTER
	 [*****]
	  	GPWS MK2 COMPUTER
	 [*****]
	  	INTEGRATED ELEC.STAND-BY EQUIP
	 [*****]
	  	AIR DATA COMPUTER
	 [*****]
	  	GPS RECEIVER
	 [*****]
	  	GPS RECEIVER
	 [*****]
	  	STANDBY HORIZON
	 [*****]
	  	RADAR RECEIVER TRANSCEIVER
	 [*****]
	  	OXYGEN SOLENOID VALVE
	 [*****]
	  	OXYGEN REGULATOR MASK ASSY
	 [*****]
	  	OXYGEN REGULATOR MASK ASSY
	 [*****]
	  	OXYGEN PRESS.XMTR/REG
	 [*****]
	  	DUCT DISCHARGE DOWNSTREAM VALV
	 [*****]
	  	CHECK VALVE
	 [*****]
	  	PRESSURE REG & S/O VALVE
	 [*****]
	  	BLEED AIR SHUTOFF VALVE
	 [*****]
	  	ISOLATION VALVE
	 [*****]
	  	INTEGRATED CORE PROCESSING MOD
	 [*****]
	  	IOM – S
	 [*****]
	  	CAC SWM
	 [*****]
	  	IOM - DATA CONCENTRATOR
	 [*****]
	  	CORE AVIONICS CABINET RACK
	 [*****]
	  	IOM - AUTO PILOT
	 [*****]
	  	CARGO DOOR ACTUATOR
	 [*****]
	  	COCKPIT DOOR CONTROL UNIT
	 [*****]
	  	HYDRAULIC PRESSURE SWITCH
	 [*****]
	  	MOTOR AND PUMP ASSEMBLY
	 [*****]
	  	PROPELLER COND.PUSH-PULL
	 [*****]
	  	PROPELLER SPEED INDICATOR
	 [*****]
	  	OVERSPEED GOVERNOR
	 [*****]
	  	OIL PUMP
	 [*****]
	  	ELECTRONIC PROPELLER CONTROL

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
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CONFIDENTIAL TREATMENT REQUESTED 
  

 

			
	 [*****]
	  	 Description

	 [*****]
	  	PROPELLER VALVE MODULE
	 [*****]
	  	ELECTROVALVE
	 [*****]
	  	PROPELLER BLADE
	 [*****]
	  	EJECTION DUCT
	 [*****]
	  	EJECTION DUCT
	 [*****]
	  	IND-FUEL TEMP
	 [*****]
	  	FUEL FLOW INDICATOR
	 [*****]
	  	FUEL FLOW TRANSMITTER
	 [*****]
	  	ENGINE POWER PUSH-PULL
	 [*****]
	  	HP SPEED INDICATOR
	 [*****]
	  	TORQUE INDICATOR
	 [*****]
	  	INTERTURBINE TEMP.INDICATOR
	 [*****]
	  	PROPELLER TORQUE INDICATOR
	 [*****]
	  	OIL COOLER FLAP ACTUATOR
	 [*****]
	  	THERMOSTATIC VALVE
	 [*****]
	  	OIL COOLER
	 [*****]
	  	OIL TEMP/PRESS.INDICATOR
	 [*****]
	  	OIL PRESSURE SENSOR
	 [*****]
	  	CONTROL ENGINE ELECTRONIC
	 [*****]
	  	EXCITER-IGNITION
	 [*****]
	  	EJECTOR-FUEL WASTE
	 [*****]
	  	VALVE ASSY-INTERCOMPRESSOR BLEED
	 [*****]
	  	VALVE ASSY-INTERCOMPRESSOR BLEED
	 [*****]
	  	AUTOFEATHER CONTROL
	 [*****]
	  	FUEL CONTROL-MECHANICAL
	 [*****]
	  	COOLER-OIL, FUEL COOLED
	 [*****]
	  	FLOW DIVIDER AND DUMP VALVE
	 [*****]
	  	VALVE ASSY-SERVO
	 [*****]
	  	PUMP-FUEL
	 [*****]
	  	BRAKE HYDROMECHANICAL ASSY
	 [*****]
	  	EFIS.CATHODE RAY TUBE

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
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CONFIDENTIAL TREATMENT REQUESTED 
  

 

	 	2.	List B 

 The following list of LRUs contains [*****] part numbers. 

 

			
	 [*****]
	  	 Description

	 [*****]
	  	T.I.C. VALVE
	 [*****]
	  	EXCHANGER
	 [*****]
	  	AUDIO CONTROL PANEL
	 [*****]
	  	BUS POWER CONTROL UNIT
	 [*****]
	  	AC GENERATOR
	 [*****]
	  	DC STARTER GENERATOR
	 [*****]
	  	TRIM ACTUATOR
	 [*****]
	  	DUAL DISTRIBUTOR VALVE
	 [*****]
	  	ANTICOLL. LIGHT
	 [*****]
	  	STROBE LIGHTS
	 [*****]
	  	POWER SUPPLY UNIT
	 [*****]
	  	EMERGENCY POWER SUPPLY
	 [*****]
	  	HEATER-OIL TO FUEL

 For sake of clarity, the above lists may be amended from time to time by way of Notice sent to the Company by the Repairer.

 ALL ITEMS, PARTS, COMPONENTS, SERVICES, WARRANTIES AND GUARANTEES PROVIDED HEREUNDER ARE PROVIDED SUBJECT TO CLAUSE 14 OF THE AGREEMENT. 

 
  
 [*****]
Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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EXHIBIT 7 – REPAIRER STANDARD WORK ORDER FORMS 

7-1 Standard exchange order: 
  

 
  

  

					
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7-2 Repair order: 
  

			
		  	Agreement ref.: code client-GMA-01
 

		  	SHIPPING DATE:
		  	PAGE: 1 / 1

 REPAIR ORDER 

(THIS FORM MUST BE ENCLOSED INSIDE THE BOX WITH THE UNIT) 

 

					
	 FROM:
  
	  		  	 TO (Shipping address):
  

	 COMPANY NAME

Sender:
  

Tel:

Fax:
	  	 	  	 ATR CUSTOMER SUPPORT

c/o DHL Solutions
 ZA du Pont Yblon

95 500 Bonneuil en France
 FRANCE

	  	  
	  	  
	  	  
	  	  
	  	  	 

  

	
	 REPAIR ORDER NUMBER
:

  

											
	
DATA RELATED TO REMOVED UNIT

	
A/C

DATA
	  	TYPE:	  	MSN:	  	FH:
	  	REGISTRATION:	  	  	CY:
	
UNIT

DATA
	  	PART NUMBER:	  	TSN:
	  	AMENDMENT:	  	CSN:
	  	SERIAL NBR:	  	TSO:
	  	DESIGNATION:PAGE:	  	CSO:

  

							
	 WARRANTY
COVERAGE

	 INSTALLATION DATE:
	  	VENDOR (O.E.M.):	  	YES	  	NO
	 REMOVAL DATE:
	  	A.C.S. REPAIR:	  	YES	  	NO

  

			
	 REASON FOR REMOVAL
	  	 
	 	  	 
	 	  	 
	 	  	 

  

					
	 REQUESTED
WORK

	 REPAIR

OVERHAUL

BENCH TEST

CALIBRATION
	  	MODIFICATION	  	(Please indicate the requested SB and final PN)
	 OTHER WORKS
TO INCORPORATE / REMARKS

	 
	 

  

					
	 ATR—Global Maintenance Agreement
	  	 	ATR form ref. 7-2	 

  

  

					
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7-3 Standard exchange Core Unit returned to ATR Pool: 
  

			
		  	Agreement ref.: code client-GMA-01
 

		  	SHIPPING DATE:
		  	PAGE: 1 / 1

 STANDARD EXCHANGE CORE UNIT RETURNED TO ATR POOL 

(THIS FORM MUST BE ENCLOSED INSIDE THE BOX WITH THE UNIT) 

 

					
	 FROM:
  
	  		  	 TO (Shipping address):
  

	 COMPANY NAME

 
 Sender:

Tel:

Fax:
	  	 	  	 ATR CUSTOMER SUPPORT

c/o DHL Solutions
 ZA du Pont Yblon

95 500 Bonneuil en France
 FRANCE

	  	  
	  	  
	  	  
	  	  
	  	  	 

  

			
	
EXCHANGE ORDER REFERENCE:
	  	 
	 UNIT DELIVERED BY ACS:
	  	 
	 PART
NUMBER:
	  	SERIAL NBR:

  

											
	
DATA RELATED TO REMOVED UNIT

	
A/C

DATA
	  	TYPE:	  	MSN:	  	FH:
	  	REGISTRATION:	  	  	CY:
	
CORE

UNIT

DATA
	  	PART NUMBER:	  	TSN:
	  	AMENDMENT:	  	CSN:
	  	SERIAL NBR:	  	TSO:
	  	DESIGNATION:	  	CSO:

  

							
	 WARRANTY
COVERAGE

	 INSTALLATION DATE:
	  	VENDOR (O.E.M.):	  	YES	  	NO
	 REMOVAL DATE:
	  	A.C.S. REPAIR:	  	YES	  	NO

  

							
	 REASON FOR REMOVAL
	  	 
	 	  	 
	 	  	 
	 	  	 

  

			
	 REMARKS
	  	 
	 	  	 
	 	  	 

  

					
	 ATR - Global Maintenance Agreement
	  	 	ATR form ref. 7-3	 

  
  

  

					
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		  	Agreement ref.: code client-GMA-01
 

		  	
	 DATE:
	  	PAGE: 1 / 1

 LOAN ORDER 

FOR MAIN ELEMENT AVAILABILTY UNDER GMA 
  

					
	 FROM:
  
	  		  	 TO:
  

	 COMPANY NAME:

 
 Sender:

 
 Tel:

Fax:
	  	 	  	 A.C.S.-ATR CUSTOMER SUPPORT

 
 Attn:
  

Tel for routine orders: (33) 5 62 21 60 80
 Tel for AOG
orders: (33) 5 62 21 62 00
 Fax for routine orders: (33) 5 62 21 62 80

Fax for AOG orders: (33) 5 62 21 62 62

	  	  
	  	  
	  	  
	  	  
	  	  	 

  

							
	REQUEST FOR A/C TYPE:	  	 	  	RGSTN:	  	MSN:
	  
 LOAN
ORDER NUMBER
	  	 DELIVERY

LEAD TIME:
	  	 A.O.G.

CRITICAL

	 	  	  
	  

REQUESTED PART NUMBER
  
	  	DESCRIPTION	  	REASON
	 	  	 	  	 	  	 

  

							
	
DATA RELATED TO PART NUMBER REMOVED FROM AIRCRAFT

 

	 PART
NUMBER
	 	S / N	  	Removal date	  	  

COMMENTS
  

	 	 	 	  	 	  	 

  

	
	 SHIPPING ADDRESS IF
SPECIFIC (Different from standard shipping address)

	 
	 
	 

  

							
	
REMARKS
	  	 	  	 	 	 
	 	  		  			 
	 	  	 	  	 	 	 

  

					
	 ATR - Global Maintenance Agreement
	  	 	ATR form ref. 7-4	 

  

					
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CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 8 – LEASE OF THE STOCK 

1. Lease of the Stock 
 The Repairer agrees to lease
the Stock to the Company and the Company agree to take the Stock on lease, subject to the terms and conditions of this Agreement. 
 2. Content and
value of the Stock  
  

	2.1	Content: the Stock listed in Exhibit 5 (“Stock”) contains serviceable Items, either brand new or used, depending on availability of such Items by the Repairer at the time of their respective
Delivery. 

  

	 	2.2	Value: the Stock total value for brand new Items, under economic conditions prevailing in two thousand fourteen (2014), shall be: 

For the initial AZUL stock delivered under economic conditions 2010, [*****] 

For the stock delivered under the AZUL amendment 3 under economic conditions 2011, [*****] 

For the stock delivered under the AZUL amendment 4 under economic conditions 2011, [*****] 

For the first batch, stock delivered under the GMA TRIP under economic conditions 2011 [*****] 

For the second batch limited to the parts not recommended by the repairer, stock delivered under the GMA TRIP under economic conditions 2011
[*****] 
 For the sake of clarity, parts of the Stock contained into the second batch that are recommended by Repairer, are provided
[*****] delivered under the GMA TRIP under economic conditions 2011 [*****] 
 For the batch related to the Amendment 5, stock
delivered under economic conditions 2013 [*****] 
 For the batch related to the Amendment 6, stock delivered under economic
conditions 2014 [*****] 
 For the batch related to the Amendment 7, stock delivered under economic conditions 2014 [*****] 

For the batch related to the 2014 OSS replenishment, stock delivered under economic conditions 2014 [*****] 

For the batch related to the Pitot exchange, stock delivered under economic conditions 2014 [*****] 

 
  
 [*****]
Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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CONFIDENTIAL TREATMENT REQUESTED 
  

[*****] 
 For the sake
of clarity, 
 The total Stock value of Exhibit 5 list shall be: 

[*****] 
 And the lease
fee payable in Exhibit 14 (“Price conditions”)shall be based on the value of [*****] corresponding to parts of the Stock contained into the TRIP second batch that are recommended by Repairer, i.e. [*****] 

In the event the Repairer delivers used Items to the Company, the value of each such used Item shall be quoted at [*****] of the brand new
value indicated in Exhibit 5 (“Stock”) and the total value of the Stock shall be adjusted accordingly by way of Notice sent by the Repairer to the Company. 
  

	2.3	Modification of the Stock: on the first anniversary date of the Start Date, the Parties may review the content of the Stock and shall, in case of a variation in the contents of the Stock, amend the
Agreement accordingly by way of Notice sent by the Repairer to the Company. Following such amendment, the Company shall return to the Repairer any Item of the Stock, or request the Repairer to replace any Item within the Stock subject to the
following conditions: 

  

	 	a)	the Item returned by the Company (i) has never been used by the Company since the Start Date, (ii) is in serviceable condition, (iii) is delivered in its original Packaging and with all appropriate
airworthiness documents; and, 

  

	 	b)	the Item shall be returned as per Clause 6.2 of this Agreement; and, 

  

	 	c)	if an Item is returned to the Repairer, the value of the Stock shall be modified by deduction of the initial value of the relevant Item applicable at the time of its Delivery; and, 

 

	 	d)	if an Item is added to the Stock, the value of the Stock shall be increased according to the ATR spare parts catalogue price for the added Item at the economic conditions corresponding to the time when the Stock is
modified. 

 The Company shall be responsible for and pay any costs incurred by and/or in connection with the return to the
Repairer and/or replacement of such Items of the Stock, including transportation costs, customs duties, formalities and commissions, re-certification fees if documents are missing or damages are found or the conditions of this Clause 2.3 are
otherwise not complied with by the Company. 
  

	2.4	Inventory of the Stock: the Repairer or any representative it designates shall have the right to inspect the Stock and to audit any records relating thereto at any reasonable time upon giving prior Notice to the
Company, which shall provide full access to such Stock to enable the Repairer to conduct periodic inventory inspections and/or any audit of the Stock. 

Should any Item of the Stock be missing, partially or totally damaged, or not have its appropriate airworthiness documentation at the time the
Repairer or its representative carries out its inspection and/or audit, and if the Company cannot justify such Item as being under repair, the Company shall have [*****] to remedy the situation to the satisfaction of the Repairer, failing which, the
Repairer shall invoice the Company the price for any such lost or damaged Item at the ATR spare parts catalogue price applicable on the date of such invoice for a new part initially delivered by the Repairer. In the event the Repairer initially
delivered used Items to the Company, each such used lost Item shall be invoiced at [*****] 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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CONFIDENTIAL TREATMENT REQUESTED 
  

[*****] of the brand new value at the ATR spare parts catalogue price applicable on the date of such invoice. 

3. Stock Delivery  
  

	3.1	Provided the Company has met each of the conditions precedent as per Clause 17 (“Conditions precedent”) of the Agreement, the Stock shall be delivered to the Company by the Repairer with the
relevant airworthiness documents (certificate of conformity, ANAC SEGVOO 003 or EASA Form 1 or FAA Form 8130-3), [*****] to the Repairer stores located at the address set forth in Clause 6.1 of this Agreement, or such other location as the Repairer
may from time to time notify to the Company . 

  

	3.2	The Repairer shall use its reasonable endeavours to deliver [*****] in quantity of the Stock within [*****] as from the Start Date. 

 

	3.3	As from the Delivery of the Stock, the Company is appointed as the custodian of the Stock and, all risks relating to or arising in connection with the Stock shall be transferred to, vested in and borne by the Company,
which shall promptly notify the Repairer of any loss or damage to the Stock. 

  

	3.4	Within [*****] as from the date of Delivery of any Item of the Stock, the Company shall be responsible for obtaining and shall provide the Repairer with evidence in respect of (i) custom clearance, including
payment fees, customs duties, and (ii) customs declarations, with respect to the relevant Stock Item. 

 4. Storage Location of the
Stock  
  

	 	(i)	The Storage Location shall be: 

 Rodovia Santos Dumont, Km 66, Jardim
Itatinga, Campinas – São Paulo, Brazil CEP 13052-970. 
 And 

Av Portugal, 5139, Itapoa – Belo Horizonte, Minas Genais, Brazil 

or any other address notified from time to time by the Company to the Repairer, or by default the address of the Company as indicated in page
four (4) of this Agreement. 
  

	 	(ii)	The Stock shall be kept with its corresponding documentation in secured warehouse facilities at the Storage Location, which shall be separated from any area used to store any other equipment, and each Item shall be
clearly identified as belonging to the Repairer and/or the Stock owner with the inscription “ATR PROPERTY”. 

  

	 	(iii)	The Company shall notify to the Repairer the name and address of the owner or landlord of the Storage Location, if relevant, and each time such owner or landlord changes; the Company shall notify the said new owner or
landlord, if relevant, of the Repairer’s property of the Stock and copy the Repairer of such notification. 

  

	 	(iv)	The Company shall be liable for maintaining the Stock by applying the best methods for storage and maintenance as required by applicable EASA or 

 
 [*****] Confidential material redacted and filed separately with the Securities and
Exchange Commission. 

  

					
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CONFIDENTIAL TREATMENT REQUESTED 
  

ANAC regulations at its own costs, particularly for parts subject to limited shelf life or cure date. 

 

	5.	Use and repair of the Stock  

  

	 	(i)	Each Item listed in Exhibit 3 (“Main Elements covered under this Agreement”) and Exhibit 6 (“LRUs covered by repair and standard exchange Services”) withdrawn from the Stock and used by
the Company shall be exclusively repaired by the Repairer. 

  

	 	(ii)	The Company shall be entitled to withdraw and use Items from the Stock in accordance with its operational needs, to remedy to any corresponding unserviceable Item fitted on the Aircraft covered under this Agreement
(Exhibit 1 “List of ATR Aircraft covered under this Agreement”). 

  

	 	(iii)	In such case, the Company shall return to the Repairer such unserviceable Item removed from the Aircraft with a Work Order for repair in the form set out in Exhibit 7-2 within [*****] from the withdrawal of the
corresponding Item from the Stock. 

 The Repairer shall then repair, as relevant, such unserviceable Item in accordance with
the provisions of Exhibits 10 and/or 11 and re-deliver to the Company a serviceable Item with the relevant associated airworthiness documentation (i.e. a certificate of conformity, ANAC SEGVOO 003 and EASA Form 1 or FAA Form 8130-3,and when applicable the log book duly filled with any technical information). 
 The
Company shall then place such serviceable Item into the Stock. 
  

	 	(iv)	In the event that the unserviceable Item removed from the Aircraft is declared BER or TNR (copy of the Repair Shop report will be given to the Company ), and is not covered by Services as defined in Exhibit 10
and/or Exhibit 11, the Repairer will invoice such unserviceable Item to the Company , except if the Company replaces such unserviceable Item with an equivalent serviceable Item which shall be placed into the Stock. 

 

	 	(v)	Should the Company place a standard exchange Work Order, as per Exhibit 9 to replace any Item withdrawn from the Stock to replace an equivalent unserviceable Item removed from any Aircraft, then after repair and/or
overhaul of such unserviceable Item, the Repairer will place such repaired and/or overhauled Item into the Pool and will not deliver it to the Company . 

  

	 	(vi)	[*****]. 

 In the event the Company purchases any Item of the Stock, the Parties agrees to
modify accordingly the price indicated in Clause 1.1 of the Exhibit 14 (“Price conditions”), to take into account monthly lease rental only for the remaining Items of the Stock. 

 
  
 [*****]
Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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CONFIDENTIAL TREATMENT REQUESTED 
  

 

	6.	Return of the Stock  

  

	6.1	Within [*****] as from the End Date, the Company shall notify the Repairer of its decision to either: 

  

	 	(a)	[*****] and/or, 

  

	 	(b)	return the Stock to the Repairer as per Clause 6.2 of the Agreement in accordance with the following terms and conditions; such return shall have to be performed within [*****] following such Notice. 

If the Company fails to notify the Repairer as provided here above, the Repairer shall either (i) invoice as per (a) here above
and/or (ii) direct the Company to return the Stock within [*****] following the term of the aforesaid [*****] period and/or (iii) repossess the Stock, at its discretion. 

 

	6.2	If the Company fails to return the Stock as provided here above, the Company shall be charged interest at a rate equal to [*****] of the value of the non-returned Items, per Day as from the end of the aforesaid [*****]
period, until the non-returned Items are duly received or repossessed by the Repairer. 

 The Repairer shall be entitled to
set off such late return interests with the Security Deposit pursuant to Clause 13 (“Security Deposit”). 
  

	6.3	In the event any Item of the Stock is not returned to or repossessed by the Repairer within [*****] period as from the End Date, the Repairer may consider, at its discretion, such Item as lost and shall then invoice
such Item to the Company at the ATR spare parts catalogue price in force at the time of such invoice. 

 The Repairer shall be
entitled, at its sole discretion, to set off the corresponding amount(s) with the Security Deposit as specified in Clause 13 (“Security Deposit”). 
  

	6.4	In the event that (i) any Item is returned to the Repairer without the appropriate airworthiness documentation, or (ii) whenever the Items are returned without the original documents supplied by the Repairer,
or (iii) if the Repairer has to test, to replace or to repair such returned Item(s) due to damage or deterioration as a result of incorrect storage, inappropriate Packaging and/or transport, or (iv) for any other reason whatsoever, the
Company shall bear any associated re-certification, repair, overhaul, and/or replacement costs for such Items at the ATR spare parts catalogue prices applicable on the date of return of such Item to the Repairer. 

 

	6.5	Conditions for the return of the Main Elements: when returned or repossessed, if the TSO of the Main Element is different from the TSO at the time of its Delivery, the Repairer shall invoice to the Company the
Lost Potential as per the conditions of this Agreement. 

 In case the maintenance of the Main Elements is not covered by this
Agreement, the Company shall return any Main Element with the same TSO as the one at the time of its Delivery. If such TSO is higher, the Repairer shall invoice to the Company the works necessary to restore such TSO based on Time and Material
conditions. 
  
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 

  

					
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	7.	Payment and transfer of the property title  

  

	7.1	Save as otherwise set out in this Agreement, the purchase price for any Item of the Stock shall be paid in accordance with the provisions of Clause 12 (“Invoicing and payment terms”). 

 

	7.2	Notwithstanding the provisions of Clause 5 above, title to the Stock shall remain with Stock owner at all times until the Stock has been purchased by the Company as per Clause 6 above and provided that any amount of the
corresponding invoice has been fully received by the Repairer in accordance with Clause 12 (“Invoicing and payment terms”). 

The Company specifically agrees that it shall not acquire any interest, equity or share of the Stock, or pledge or create any lien of any sort
whatsoever prior to the transfer of title to the Stock to it in accordance with this Agreement and shall fully indemnify the Stock Owner and/or the Repairer with respect to any consequence of a non-compliance with its obligations under this Clause
7.2. 
  

	7.3	The Company may not, under any circumstances, perform or permit any action to be taken that may be detrimental to the Repairer’s and/or Stock owner’s property title to the Stock, including: 

 

	 	i)	The Company must not transfer, sell, charge, pawn, mortgage, negotiate, dispose of, or intend to negotiate or dispose of the Stock; and, 

 

	 	ii)	The Company shall take the necessary measures in order to prevent the Stock from being seized or taken away, or to check the Stock in the event of a seizure by distress or any other similar legal process. However, if
the Stock is seized or taken away, the Company must immediately notify the Repairer and indemnify the Repairer and/or the Stock owner for any Loss incurred by the Repairer and/or the Stock owner as a result of the above-mentioned events, and shall
mitigate any such Loss by using its reasonable endeavours to re-possess the Stock or to re-acquire the Stock. 

  

	7.4	Case of use of the Stock as per Clause 5 of the Exhibit 8 (“Lease of the Stock”): the title to the Item withdrawn from the Stock shall pass to the Company upon installation of such Item on the Aircraft,
subject to (i) full and complete payment of any and all sums due by the Company in connection with this Agreement and (ii) the completion of all of its obligations under Clause 5 of the Exhibit 8 (“Lease of the Stock”).

 The title to the Item removed from the Aircraft and sent to the Repairer for repair as per Clause 5 hereof shall pass to
the Repairer and/or the Stock owner, as relevant, upon such removal. 

  

					
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EXHIBIT 9 – SPARE PARTS STANDARD EXCHANGE SERVICE 

The Company shall granted access to the Pool on a standard exchange basis where the Company may order any LRU listed in Exhibit 6 and provide the Repairer in
return with an equivalent (same part number or same standard interchangeable) unserviceable LRU removed from the Aircraft. This right of access to the Pool is not exclusive to the Company. 

 

	1.	Pool content 

 The Pool is a set of serviceable LRUs listed in Exhibit 6 (“LRUs covered
by repair and standard exchange Services”) available upon the Start Date, provided the Company has complied with its obligations pursuant to Clause 17 (“Conditions precedent”). 

In the event of any Aircraft technical modification and upon the Company ’s written request, the Repairer may update the list set forth in Exhibit 6
(“LRUs covered by repair and standard exchange Services”), in which case, the price set out in Clause 1.2 of the Exhibit 14 (“Price conditions”) shall be adjusted accordingly. 

 

	2.	Access to the Pool 

 To access the Pool and take Delivery of the requested LRU, the Company must
place a written standard exchange Work Order (by filling the form ref 7-1 in Exhibit 7) with the Repairer. 
  

	3.	Repairer’s obligations  

  

	3.1	Pool management  

 The Repairer shall be responsible for managing and maintaining the
Pool at his own expense and in compliance with the relevant OEM recommendations. 
 Any LRU from the Pool delivered to the Company by the
Repairer or any Repair Shop shall comply with the applicable Aircraft technical specifications. 
  

	3.2	Dispatching the Items  

  

	 	(i)	Any LRU from the Pool shall be delivered to the Company pursuant to Clause 6.1 of the Agreement within [*****] for routine orders, within [*****] for critical orders or within [*****] for AOG orders (limited to
classified “no-go and go if” LRUs according to MMEL) as the case may be, starting from the Day of receipt by the Repairer of a standard exchange Work Order. 

 

	 	(ii)	The dispatch lead times set forth in Clause 3.2 (i) above remain subject to: 

  

	 	(a)	reception by the Repairer of written standard exchange Work Order 7.1 duly filled in by the Company; and, 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	 	(b)	the availability in the Company ’s facilities of a stock of critical Items at least at the level of Repairer’s recommendations for the Aircraft fleet; and, 

 

	 	(c)	the number of AOG standard exchange Work Orders being less than [*****] of the total number of standard exchange Work Orders placed by the Company over the last [*****]; and, 

 

	 	(d)	The Company not being in breach of any of its obligations under this Agreement, including Clause 4.1 (i) of this Exhibit 9. 

  

	 	(iii)	Provided the conditions set out in Clause 3.2 (ii) of this Exhibit 9 are met and the Company placed an A.O.G. standard exchange Work Order with the Provider, should the Company be obligated, after Provider’s
approval, to lease similar LRU from a third Party servicer due to the unavailability of the requested LRU in the Pool, then the Provider will reimburse to the Company, for [*****] until the date of delivery of the requested unit by the Provider to
the Company. The Provider shall not under any circumstances have any liability whatsoever (including liability of any consequential loss or damage) in respect of any late delivery of any part other than the liability set forth in this Clause
3.2(iii) . (iv) Any LRU of the Pool will be provided at its latest standard or fully interchangeable standard with the relevant certificate of conformity and, ANAC SEGVOO 003 and EASA form 1/FAA form 8130-3 dual release. 

 

	 	(v)	LRUs delivered from the Pool are covered by the provisions of Clause 9 (“Warranties”). 

  

	 	(vi)	Any LRU of the Pool subject to TBO event shall be delivered to the Company with no less than [*****] of life remaining to the next scheduled overhaul. 

 

	4.	Core Unit return 

  

	4.1	Return lead time 

  

	 	(i)	The Company shall return to the Repairer’s facilities indicated in Clause 6 (“Deliveries”) any Core Unit with the Work Order form ref 7-3 duly filled-in, as standard exchange counterparts, within a
maximum [*****] as from the Delivery Date of the LRU from the Pool for any Items from the list A of the Exhibit 6 (“LRUs covered by repair and standard exchange services”) and within a maximum of [*****] as from the Delivery Date of the
LRU from the Pool for any Items from the list B of the Exhibit 6 (“LRUs covered by repair and standard exchange services”). 

For sake of clarity, in the event a Core Unit is not returned by the Company to the right Delivery Location as specified in the Clause 6
(“Deliveries”), the Repairer shall be entitled to charge the Company transportation costs, associated taxes and Customs duties due to the re-exportation of such Core Unit to the right Delivery Location. 

 

	 	(ii)	Prior to dispatching any Core Unit, the Company will also send by fax or by email all the data related to the dispatch (including the date of dispatch and the carrier’s name). 

 

	 	(iii)	Notwithstanding the above provision in sub-clause 4.1 (i), in the event a Core Unit is not received by the Repairer within [*****] after Delivery date of the LRU for by the Repairer to the Company for any Items from the
list A of the Exhibit 6 (“LRUs covered by repair and standard 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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exchange services”) and within a maximum [*****] as from the Delivery Date of the LRU from the Pool for any Items from the list B of the
Exhibit 6 (“LRUs covered by repair and standard exchange services”), the Repairer shall be entitled to charge the Company , as the case may be, late fee equivalent to [*****] of the value of the part per Day starting the [*****] up to
maximum the [*****] for any Items from the list A of the Exhibit 6 (“LRUs covered by repair and standard exchange services”) and starting the [*****] up to maximum the [*****] for any Items from the list B of the Exhibit 6
(“LRUs covered by repair and standard exchange services”) after the Company’s standard exchange Work Order date, as the case may be. In the event the Core Unit is not returned by the [*****] for any Items from the list A of the
Exhibit 6 (“LRUs covered by repair and standard exchange services”) or by the [*****] for any Items from the list B of the Exhibit 6 (“LRUs covered by repair and standard exchange services”) after the Company’s standard
exchange Work Order date, as the case may be, the Repairer will declare the Core Unit as lost in exchange as lost and shall be entitled to invoice to the Company , as the case may be, the amount corresponding to the value of the serviceable LRU
primarily delivered by the Repairer according to spare parts catalogue price in force on the date of its Delivery. Title to such serviceable LRU shall pass to the Company, as the case may be, upon full payment of the Repairer’s invoice. The
Repairer shall be entitled to withdraw without delay the related amount from the Security Deposit as per Clause 13 (“Security Deposit”). 
  

	 	(iv)	In case of accumulated not returned Core Units pursuant to sub-clause 4.1 (iii) above, the Repairer shall be entitled, subject to a [*****] prior Notice, to suspend the Company’s Pool access.

  

	4.2	Any Core Unit shall be repaired in accordance with Exhibit 10 (“LRUs repair Service”). 

  

	5.	Specific services not covered by standard exchange Service  

 The
following services and their related costs (labor and parts) are not eligible to the standard exchange Service, and shall be managed on Time and Material conditions: 
  

	 	(i)	services performed for LRU(s) fitted on Aircraft to comply with Aircraft redelivery conditions or delivery conditions of a third party. For sake of clarity, Aircraft redelivery conditions or delivery conditions of a
third party will have to be declared by the Company to the Repairer in anticipation [*****] before the stop of the Aircraft; 

  

	 	(ii)	services performed for any part of the Company’s own inventory if any, to be replaced, or maintained, re-certified, tested, checked, for inventory management and/or maintenance reasons (shelf life, cure
dates...). 

  

	6.	Transfer of title and risks  

  

	6.1	Title to the Items featured in the Pool, or in the Stock in the event of Clause 5 (v) of the Exhibit 8 (“Lease of the Stock”), or the Advanced Pool Stock of Clause 7 of the Exhibit 15
(“Advanced Pool Service”), remains at all times with the Repairer until: 

  

	 	(a)	receipt by the Repairer of the corresponding Core Unit in compliance with Clause 4.1 of this Exhibit 9 and of a confirmation from the Repair Shop that such Core Unit is repairable; and, 

 

	 	(b)	full and complete discharge of any and all sums due by the Company under or in connection with this Agreement. 

Title to the corresponding Core Unit shall pass to the Repairer and/or the Stock owner free from any lien, security or other encumbrance upon
removal of such Core Unit from the Aircraft. 
  
 [*****] Confidential material redacted
and filed separately with the Securities and Exchange Commission. 

  

					
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For the sake of clarity, in the event of Clause 5 (v) of the Exhibit 8 (“Lease of the Stock”) and Clause 7 of the Exhibit
15 (“Advanced Pool Service”), the Repairer and/or the Stock Owner shall remain the owner of the serviceable LRU sent from the Pool to the Stock and to the Advanced Pool Stock, as replacement. 

 

	6.2	Notwithstanding the above, in the event the Core Unit is invoiced to the Company as per Clause 4.2 above, the transfer of title to the serviceable LRU primarily delivered from the Pool shall take place upon receipt by
the Repairer of the full payment for the invoice relating to such serviceable LRU. 

  

	6.3	The Company hereby represents and warrants that (i) it is the lawful owner of the Core Unit and/or (ii) it is duly entitled to transfer the title to such Core Unit in accordance with Clause 6.1 above.

  

	6.4	In any event, all risks whatsoever and howsoever relating to or arising in connection with any serviceable LRU of the Pool shall be transferred to, vested in and borne by the Company , as from Delivery thereof pursuant
to Clause 6 (“Deliveries”). 

  

	7.	THIS EXHIBIT IS PART OF THE AGREEMENT AND ALL APPLICABLE PROVISIONS THEREOF ARE APPLICABLE HERETO. WITHOUT LIMITING THE FOREGOING, ALL ITEMS, PARTS, COMPONENTS, SERVICES, WARRANTIES AND GUARANTEES PROVIDED HEREUNDER ARE
PROVIDED SUBJECT TO CLAUSE 14 OF THE AGREEMENT AND TO THE DISCLAIMERS AND LIMITATIONS ON WARRANTIES AND DAMAGES, INCLUDING CONSEQUENTIAL DAMAGES, SET FORTH THEREIN. 

 

	8.	FURTHER ASSURANCES 

 The Repairer retains title to any serviceable LRU until payment therefor
as provided above. As a precautionary measure however, the Company agrees that the Repairer shall have all rights and remedies afforded to a secured party upon the default of a debtor as provided in the UCC and grants a security interest to the
Repairer in all of the Company’s right, title and interest in each serviceable LRU and the proceeds thereof and all general (including payment) intangibles related thereto or arising therefrom to secure the prompt and punctual payment and
performance when due of all obligations of the Company under this Agreement, including this Exhibit. 
 The Company shall do all acts and
things necessary or advisable, including execute and deliver all documents, to ensure that the Repairer’s right, title and interest in and to the serviceable LRUs is perfected in all applicable jurisdictions and otherwise protected against the
current or future claims of any third-party, including the Company’s creditors, mortgagees, lessors, financing parties, trade creditors, any owner of an aircraft and other Persons. Such acts and things shall include obtaining such consents and
approvals from, and execution, delivery, registration, recordation and filing of such UCC financing statements (including continuation statements and amendments), FAA mortgages and other documents with, such registries, governmental authorities and
third parties as the Repairer may reasonably request. 

  

					
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EXHIBIT 10 – LRUs REPAIR SERVICE 

 

	1.	Definition of repair  

 Any unserviceable LRU, not declared BER or TNR, shall be
repaired or overhauled by the Repairer in compliance with the relevant CMM and according to ANAC or EASA/FAA part 145 regulations. 
 If the
Company receives from the Repairer a LRU repaired or overhauled under ANAC regulation only with associated ANAC SEGVOO 003 release, the Company may have the right in case of Aircraft redelivery for replacement of such part by another one with
relevant certificate of conformity EASA form 1/FAA form 8130-3 dual release. The Repairer shall make its best efforts to provide to the Company the Services in compliance with EASA and FAA for all LRU repaired or overhauled by the local repair shops
by end of December of 2015; 
 [*****]. 

If the Repairer receives from the Company an excessive number of unserviceable LRUs compared to the MTBUR for such LRU, the Repairer may
assist the Company in investigating the causes of such situation, and each Party shall take all necessary corrective actions to the satisfaction of the other Party acting reasonably. 

 

	2.	Information concerning unserviceable LRUs returned to the Repairer  

 The Company
shall send to the Repairer any unserviceable LRU, as relevant, with a Work Order in the form set out in Exhibit 7-2 (for any single repair) or in the form attached as Exhibit 7-3 (for the repair of any Core Unit). 

 

	3.	Documents provided with the repaired or overhauled LRU 

 The following documents
shall be provided by the Repairer to the Company with any repaired or overhauled LRU under this Agreement: 
  

	 	(i)	EASA form 1 certificate or FAA form 8130-3 or, if applicable, ANAC SEGVOO 003, 

  

	 	(ii)	Strip report issued by the Repair Shop, and 

  

	 	(iii)	An invoice, if such repair service is not covered by the scope of this Agreement. 

  

	4.	Specific services not covered by LRU repair Service  

 The following repairs and
their related costs (labor and parts) are not covered by the prices set out in Clause 1.3.1 of the Exhibit 14 (“Price conditions”) and shall be managed on Time and Material conditions: 

 

	 	(i)	all costs of technical modifications that may be incurred due to the embodiment on LRUs of Airworthiness Directives, service bulletins, optional or recommended modifications. 

 

	 	(ii)	the repair of an unserviceable LRU or additional costs resulting from Items received in damaged conditions due to Abnormal Use, mishandling, corrosion, abrasion, FOD and/or missing Items, 

 
 [*****] Confidential material redacted and filed separately with the Securities and
Exchange Commission. 

  

					
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	 	(iii)	any additional costs in repairing or overhauling any unserviceable LRU due to Company’s failure to produce data as required hereunder,, 

 

	 	(iv)	any cost and expense, direct and/or indirect, that may arise out of or connected with any additional technical expertise and/or counter expertise to be performed on any LRU, at the Company’s request, in the event
the Company challenges the Repairer’s primary expertise, or repair cost estimation, or repair solution, 

  

	 	(v)	replacement or repair of LRUs’ sub-components unapproved by the OEM, 

  

	 	(vi)	the maintenance costs relating to any failure of the Company to observe or comply with its obligations under this Agreement, 

  

	 	(vii)	all battery repairs or replacements, 

  

	 	(viii)	propeller brake disk replacements, 

  

	 	(ix)	CVR and DFDR memory and/or tape analysis and/or read outs. 

  

	5.	Discarding the LRUs  

 The Parties acknowledge that under normal operating
conditions any unserviceable LRU may be BER or TNR. 
 The Repairer shall notify the Company in case of BER or TNR status of any
unserviceable LRU, and shall request the Company’s approval to discard such unserviceable LRU. 
 If the Company denies such approval,
the unserviceable LRU shall be delivered back to it at the [*****] costs and risks. 
 The Company’s failure to respond to such
Repairer’s request within [*****] following the Repairer’s notification of BER or TNR shall constitute an approval for the Repairer to discard the relevant unserviceable LRU. 

If the discarded unserviceable LRU has been replaced with a serviceable LRU of the Pool or of the Stock pursuant to the provisions of Exhibits
8 (“Lease of the Stock”) or 9 (“Spare parts standard exchange Service”), the Repairer shall invoice and the Company shall pay for the price of such serviceable LRU of the Pool or of the Stock, based on the ATR spare
parts catalogue sales price applicable at the date of such invoice for brand new or used LRU, as the case may be. 
 ALL ITEMS, PARTS,
COMPONENTS, SERVICES, WARRANTIES AND GUARANTEES PROVIDED HEREUNDER ARE PROVIDED SUBJECT TO CLAUSE 14 OF THE AGREEMENT. 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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EXHIBIT 11 – MAIN ELEMENTS SERVICES 

 

	1.	Field of application  

  

	1.1	The Repairer shall provide the Company with a Main Elements’ maintenance (as per Clause 2 of this Exhibit 11) and availability (as per Clause 3 of this Exhibit 11) Service. 

This Service is applicable to: 
  

	 	a)	Main Elements listed in Exhibit 3 (“Main Elements and parts numbers covered by the Agreement”) when installed on an Aircraft, and 

 

	 	b)	any Main Elements in the Stock as relevant, and 

  

	 	c)	any Spare Main Element. 

 The Services provided to the Company by the Repairer in accordance
with this Exhibit 11 cover off-Aircraft tasks and works performed by the Repairer. For the sake of clarity and unless otherwise agreed between the Parties, standard exchange Service shall not be available for Main Elements under this Agreement,
except for propeller blades and slip ring as per Clause 3 of this Exhibit 11. 
  

	1.2	Main Elements’ maintenance program (Scheduled Events) 

 At the date of entry into force of
this Agreement, the Parties acknowledge and agree that applicable intervals for inspections / overhauls on Main Elements are: 
  

	 	i)	for propellers: 

 [*****]. 

 

	 	ii)	for landing gears: 

 [*****]. 

The Repairer reserves its rights to require the Company to modify the above Main Elements maintenance program in accordance with the Aircraft
manufacturer MRBR and/or MPD, to optimize the Company ’s Aircraft dispatch reliability, provided the Company’s Airworthiness Authorities enable so. 
  

	2.	Main Elements’ maintenance Service description  

  

	2.1	Any off-Aircraft maintenance task and work to be performed on Main Elements and Spare Main Elements shall be carried out in accordance with the relevant CMM for each Main Element. Such maintenance tasks with respect to
each Aircraft comprise the following services 

  
 [*****] Confidential
material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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on which are based the prices set out in Clause 1.3.2 of the Exhibit 14 (“Price conditions”): 

[*****] 
  

	2.2	Maintenance for Scheduled Events 

 The Repairer shall provide the maintenance Service for
Scheduled Events, in accordance with the applicable maintenance program of each Main Element described at Clause 1.2 of Exhibit 11. 
 In
the event that the Main Element’s maintenance program set out in Clause 1.2 of this Exhibit 11 shall be changed, the Parties hereby agree that the Repairer may modify the price conditions set out in Clause 1.3.2 of the Exhibit 14
(“Price conditions”), as relevant. 
  

	2.3	Basic Unscheduled Removals 

 The repair of Main Elements due to BUR shall be performed by the
Repairer according to the relevant CMMV and provided that: 
  

	 	-	The Company has fulfilled its obligations as per Clause 5 of this Exhibit; and, 

  

	 	-	the maintenance tasks are related to normal Aircraft operation in accordance with all technical documentation and any other instructions issued by ATR or the OEM; and, 

 

	 	-	the maintenance tasks are not related to specific conditions as per Clause 6 of this Exhibit. 

  

	3.	Spare Main Elements availability Service description  

  

	3.1	With respect to each Aircraft, prices set out in Clause 1.3 of the Exhibit 14 (“Price conditions”) comprise the availability of Spare Main Element for Scheduled Events and BUR according to the
provisions of sub-clause 3.2 hereof. 

 For the sake of clarity, propeller blades and slip rings may be available through the
standard exchange Service, as per the Exhibit 9 (“Spare parts standard exchange Service”). 
 . 

 
 [*****] Confidential material redacted and filed separately with the Securities and
Exchange Commission. 

  

					
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	3.2	Availability of Spare Main Element(s) for Scheduled Events and BUR:  

  

	 	3.2.1.	Such Service includes, at any time and for the entire fleet, 

  

	 	-	[*****] propellers, 

  

	 	-	[*****] landing gear, 

 In the event the Company requires any additional Spare Main Element,
the Repairer will make a proposal on Time and Material conditions. 
  

	 	3.2.2	Subject to the Company having complied with its obligations as per Clause 5 of this Exhibit 11, the Repairer shall make available such Spare Main Element(s) during the period necessary for the maintenance for Scheduled
Events and BUR of Aircraft Main Element(s). 

  

	3.3	The Repairer will make Spare Main Element(s) available to the Company during maintenance for BUR of Main Elements within [*****] from the date of receipt by the Repairer of the Company’s Work Order in the
form set out in Exhibit 7-4. 

  

	4.	Return to the Repairer of the Main Element or Spare Main Element 

 At the time the
Repairer delivers to the Company a Spare Main Element or returns any repaired or overhauled Main Element to the Company , for fitment on the Company ’s Aircraft, the Company will deliver back to the Repairer the Main Element removed for repair
or overhaul or the Spare Main Element previously obtained from the Repairer, with required technical documentation on a date (the “Due Date”) within a time period of [*****] starting from the Delivery date of the Spare Main Element
or the repaired or overhauled Main Element. When the Main Element removed for repair or overhaul is replaced by a Spare Main Element of the Stock or a spare of the Company ’s property, the Company shall return to the Repairer or the designated
Repair Shop such removed Main Element, with required technical documentation within a time period of [*****], starting from the removal date of the Spare Main Element. 

For returning the Main Elements and Spare Main Elements to the Repairer, the Company shall use adapted container or when applicable the
containers received from the Repairer. Any container received by the Repairer or its approved Repair Shop in incomplete or damaged condition from the Company shall be subject to refurbishment or replacement at Company’s cost and expense in
addition to the prices specified in the Exhibit 14 (“Price conditions”). 
 Should the Company fail to deliver the Main
Element removed for repair or overhaul or the Spare Main Element(s) back to the Repairer or the Repair Shop on the above Due Date and without prejudice to other rights the Repairer may have at Law and/or under this Agreement, the Repairer may charge
late return fees to the Company in an aggregate amount of: 
  

	 	-	[*****] 

  

	 	-	[*****] 

 per [*****] of delay, as from the Due Date until the Spare Main Element or the Main
Element is duly received by the Repairer or the Repair Shop. The Repairer shall be entitled to withdraw such late return fees from the Security Deposit pursuant to Clause 13 (“Security Deposit”). 

 

	5.	Company’s obligations  

 In order to allow the Repairer to perform the
maintenance tasks defined in Clause 2.1 of this Exhibit 11 in compliance with the relevant OEM’s technical specifications, the Company 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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agrees: 
  

	 	◾	to provide the Repairer every [*****] with a detailed status of the Main Elements showing the Scheduled Events for the next [*****]; 

 

	 	◾	to send to the Repairer a Work Order for the Services at the latest [*****] before the event, either for maintenance Service and/or for availability Service; 

 

	 	◾	to send to the Repairer the log book, log card and back to birth certificate of the landing gears removed for repair or overhaul or spare landing gear; 

 

	 	◾	that, to be eligible for availability Service, no Main Element within the Stock pursuant to Exhibit 8 (“Lease of the Stock”) and/or the Company ’s own on-site stock shall be available in the
Company s premises, as per the Repairer’s initial provisioning recommendation. 

 Moreover, the Company shall: 

 

	5.1	In respect of the propellers:  

  

	 	(i)	perform line checks (not limited to lubricant levels, blade balancing, blade anti-erosion film replacements, etc...) and the required consumable spare parts replacements during the Aircraft’s entire service life;

  

	 	(ii)	procure all the tools necessary for the line maintenance of the propellers including the propeller balancing tool; and 

  

	 	(iii)	initiate and pursue an efficient staggering program to ensure a smooth schedule removal plan for shop maintenance. 

  

	5.2	In respect of the landing gears:  

  

	 	(i)	perform the line checks (including Messier best practices service letter 631-32-218) and the required consumable spare parts replacements during the Aircraft’s entire service life, on landing gears, wheels and
tires; and 

  

	 	(ii)	procure all the tools necessary for the line maintenance of the landing gear including the appropriate tooling used for wheels replacement. If required, the Repairer will have to assist the Company in procuring these
tools (buying, hiring, etc.); and 

  

	 	(iii)	initiate and pursue an efficient staggering program to ensure a smooth schedule removal plan for shop maintenance. 

  

	5.3	Left intentionally blank  

  

	5.4	On-Aircraft tasks 

 All scheduled and unscheduled on-Aircraft maintenance activities, tasks and
works and line maintenance, including the following, are under and at the Company’s responsibility, risks, costs and expenses: 
  

	 	(i)	line maintenance tasks associated with engines, propellers, landing gears, wheels, brakes and tires, 

  

	 	(ii)	Main Elements removals and installations for BUR and Scheduled Events, 

  

	 	(iii)	Main Elements accessories removals and installations, 

  

	 	(iv)	Main Elements conditioning for storage, 

  

	 	(v)	grease and lubricant refilling, seals, gaskets, hardware and consumable parts replacement, 

  

	 	(vi)	propellers balancing, blades removals and installations, 

  

	 	(vii)	ensure that log books are reflecting the updated maintenance status of each Main Element. 

  

	 	(viii)	engine fuel nozzles removals and installations, 

  

	 	(ix)	engine control trend monitoring performance and analysis, 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	 	(x)	regular cleaning of the engines, 

  

	 	(xi)	inspection of internal parts (boroscopic inspection). 

  

	6.	Specific services not covered by Main Elements’ Service  

 The following
services and their related costs (labor and parts) are not covered by the prices set out in Clause 1.3.2 of the Exhibit 14 (“Price conditions”) and shall be managed on Time and Material conditions: 

 

	 	(i)	all costs of technical modifications that may be incurred due to the embodiment on Main Elements of Airworthiness Directives, service bulletins, optional or recommended modifications, 

 

	 	(ii)	replacement or repair of Main Elements’ sub-Items costs relating to any failure of the Company to comply with its obligations under this Agreement, 

 

	 	(iii)	the replacement cost of a Main Element and/or its sub-assemblies that is declared BER or TNR, 

  

	 	(iv)	any additional costs in connection with the repair or overhaul of any Main Element serial number due to Company’s failure to produce data as required hereunder, 

 

	 	(v)	Items and/or any sub-Items received in damaged conditions due to Abnormal Use, mishandling, incorrect storage, lightning strike, FOD, corrosion, abrasion or erosion, dropped or water immersion, over-torque condition or
over-speed in excess of transient or over-temperature 

  

	 	(vi)	Services performed on Main Element(s) fitted on Aircraft to comply with Aircraft redelivery conditions or delivery conditions to a third party, . For sake of clarity, Aircraft redelivery conditions or delivery
conditions of a third party will have to be declared by the Company to the Repairer in anticipation [*****] before the stop of the Aircraft, 

  

	 	(vii)	the replacement of missing parts and parts unapproved by the OEM, 

  

	 	(viii)	the repair of damages or replacements resulting from previous repair and/or overhaul not performed pursuant to this Agreement, 

  

	 	(ix)	for the landing gears, the replacement of life limited parts, repair and/or replacement of On Condition Parts listed in Exhibit 4, replacement of any part (including expendables) which vendor price exceeds [*****] with
the exception of parts listed in Exhibit 11 Clause 2.1 (ii), 

  

	 	(x)	for the propellers, replacement of dome, repair of armbore, replacement of de-icer and replacement of nickel sheath. 

  

	7.	Discarding the Main Elements  

 The Parties acknowledge that under normal
operating conditions any Main Element may be declared BER or TNR. 
 The Repairer shall notify the Company in case of BER or TNR status of
any Main Element, and shall request the Companys approval to discard such Main Element. 
 If the Company denies such approval, the Main
Element shall be delivered back to the Company at its costs and risks. 
 The Parties agree that the absence of a response by the Company to
such Repairer’s request within [*****] from the sending of the Repairer’s notification of BER or TNR constitutes an approval for the Repairer to discard the relevant Main Element. 

 
 [*****] Confidential material redacted and filed separately with the Securities and
Exchange Commission. 

  

					
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In the event the Repairer shall discard any unserviceable Main Element, the Company shall pay the applicable price for test and/or scrap, as
the case may be. 
 In case of the discarded Main Element is an unserviceable propeller blade that has been replaced with a serviceable
propeller blade of the Pool or of the Stock pursuant to the provisions of Exhibits 8 (“Lease of the Stock”) or 9 (“Spare parts standard exchange Service”), the Repairer shall invoice and the Company shall pay for
the price of such serviceable propeller blade of the Pool or of the Stock, based on the ATR spare parts catalogue sales price applicable at the date of such invoice for brand new or used, as the case may be. 

  

					
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EXHIBIT 12 – INTENTIONALLY LEFT BLANK 

  

					
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EXHIBIT 13 – FORM OF STANDBY LETTER OF CREDIT 

By swift message to our addressee BANK NATIXIS (SWIFT Code: CCBPFRPP) 

Issuing Bank:                     (NAME AND
ADDRESS) 
 Issuing Bank SWIFT Code:
                     
 Confirming Bank:
                     
 Applicant:
                     
 Beneficiary: ATR 

StandBy Letter of Credit reference:                     

 By order of [AZUL NAME], located at [AZUL ADDRESS], we hereby issue our irrevocable and confirmed StandBy Letter of Credit in favour of Avions de
Transport Régional, located 1 allée Pierre Nadot 31712 Blagnac, France (“ATR”), for the aggregate amount of USD XXXX (XXX USD) available for the period ending twelve (12) Months after the Term of the GMA (as
defined below); 
 Available by payment at sight by NATIXIS against your written demand bearing the Clause drawn under irrevocable StandBy Letter of credit
(letter of credit reference) issued by (issuing bank name and address) accompanied by the following document: 
  

	-	Beneficiary’s signed certificate specifying the amount drawn and stating: 

  

	 	(1)	that the amount claimed is due and payable by [AZUL NAME] in connection with the Global Maintenance Agreement between ATR as the Repairer and [AZUL NAME] as the Company executed on (date) for the XXX [Services]
(the “GMA”); and, 

  

	 	(2)	that the Beneficiary has requested payment of the amount claimed from [AZUL NAME] who is in default. 

 Partial
drawings are permitted. 
 The Beneficiary shall not be entitled to assign or transfer any right, title or interest in this StandBy Letter of Credit to any
other party. 
 All banking charges and commissions are for the account of the Applicant. 

This StandBy Letter of Credit is subject to the 2007 revision of the Uniform Customs and Practices for Documentary Credits of the International Chamber of
Commerce Publication 600. 
 This StandBy Letter of Credit will take effect on the (date). 

  

					
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EXHIBIT 14 – PRICE CONDITIONS 

 

	1.	Prices  

 The price payable for the Services shall be the sum of the prices set out in this
Agreement and established in accordance with the economic conditions prevailing in two thousand and fifteen (2015). 
  

	1.1	The lease fee payable for the lease of the Stock (based on the Stock technical contents defined in Exhibits 5 [”Stock”] and 8 [”Lease of the Stock”]), as from the Start
Date is [*****]: 

  

	 	(i)	an amount of [*****] corresponding to [*****] of the Stock value which is set in Exhibit 8 (“Lease of the Stock”), Clause 2.2 ; or 

 

	 	(ii)	in the event the Repairer delivers used Items to the Company as per Clause 2.2 of the Exhibit 8 (“Lease of the Stock”), the [*****] set forth in 1.1 (i) here above shall be payable from the Start
Date until the date on which the last Item of the Stock is delivered. On such latter mentioned date, the Repairer will notify to the Company the exact and definitive Stock value, and the accordingly revised monthly lease payment based upon [*****]
of such exact and definitive Stock value. Upon Delivery of the last Item of the Stock, the Repairer shall issue a credit equal to the difference between: 

  

	 	a.	the total amount of lease payments actually paid by the Company since the Start Date according to Clause 1.1 (i) here above, and 

  

	 	b.	the price the Company should have paid for the used Items delivered by the Repairer according to Clause 1.1 (ii) here above. 

  

	1.2	The price payable [*****] per Aircraft by the Company to the Repairer for the standard exchange Service set out in Exhibit 9 (“Spare parts standard exchange Service”) is as follows (with
unlimited POOL access): 

  

	 	[*****]	 

  

	 	[*****]	 

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	 

  

	1.3	The prices per airborne FH per Aircraft payable by the Company to the Repairer for the repairs and overhauls of the LRUs and the Main Elements set out in this Agreement are: 

 

	 	1.3.1	For LRU repair and overhaul: 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	 	[*****]	 

  

	 	[*****]	 

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	 

  

	 	1.3.2	For the Main Element Services as per Exhibit 11 (“Main Elements Services”): 

  

	 	i)	propellers [*****] per Aircraft): 

  

	 	(a)	For maintenance 

  

	 	-	[*****] 

  

	 	-	[*****] 

 The above propellers maintenance provisions and availability prices are defined
as a result of the following repartition related to the maintenance of the following propeller hub, actuator, transfer tube and blades composing each propeller assembly: 
  

													
	 	  	 	  	Blades	  	Hub	  	Actuator	  	Transfer
Tube	  	Adjusting
Nut
	 [*****]
	  	 [*****]
 [*****]
	  	 [*****] 
	  	 [*****] 
	  	 [*****] 
	  	 [*****] 
	  	 [*****] 

	  	 [*****]
 [*****]
	  	 [*****] 
	  	 [*****] 
	  	 [*****] 
	  	 [*****] 
	  	 [*****] 

  

	 	(b)	For availability [*****]  

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	 	ii)	left intentionally blank 

  

	 	iii)	landing gears (per shipset): 

 For 42-500, 72-500, 72-600 landing
gears: 
  

	 	(a)	For maintenance: 

  

	 	[*****]	

  

	 	[*****]	

 plus 
  

	 	(b)	For availability 

  

	 	[*****]	

  

	 	[*****]	

 The above landing gear maintenance provisions and availability prices are defined as a
result of the following repartition related to the maintenance of the following sub-assemblies composing each landing gear assembly 
  

									
	 	 	 	  	 [*****]
	  	 [*****]
	  	 
		 	 NLG
	  	[*****]	  	[*****]	  	
		 	 Drag Brace
	  	[*****]	  	[*****]	  	
		 	 MGL
	  	[*****]	  	[*****]	  	
		 	 Side Brace
	  	[*****]	  	[*****]	  	

 Life limited parts repair or replacement will be subject to a case by case quotation. 

 

	 	1.3.3	Additional flat rates: 

 Additional flat rates here under shall be applied for the
following operations, as applicable: 
  

	 	a)	for [*****], a flat rate of : 

 For [*****]: [*****] 

 

	 	b)	for [*****], a flat rate of :  

 For [*****]: [*****] 

 

	2.	Reconciliation conditions  

  

	2.1	Left intentionally blank  

  

	2.2	Price adjustment for LRUs removal rate reconciliation 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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Any difference, to be measured in units and tens, between the RRR and the MRR pursuant to the conditions set out in Clause 11.1 (iii) and
(iv) of the Agreement, shall be invoiced or credited, provided the Company is not in Default of any of its obligations pursuant to this Agreement, per airborne FH on the basis of: 

for [*****] 
 [*****] [*****]

 for [*****] 
 [*****]
[*****] 
 for [*****] [*****] 

[*****] [*****] 
 In addition,
at each reconciliation based on the actual flown flight hours, the Repairer shall credit back: 
 [*****] 

 

	2.3	Early Events  

 The Parties agree that the prices for each Service subject to
Scheduled Events are based on the achievement of the applicable maintenance program(s), expressed in [*****]. 
 In case of deviation of the
Scheduled Event maintenance program parameters by a number of [*****] shall be considered an Early Event. 
 For any Early Event, whichever
the context, the Repairer shall invoice the Company an amount equal to the Lost Potential multiplied by the applicable price mentioned in Clause 1.3 of this Exhibit. 
  

	2.4	Calendar Limits  

 For propellers and landing gears, the prices given in Clause
1.3.2 of this Exhibit 14 are subject to the achievement of the applicable [*****] specified in Clause 1.2 of Exhibit 11 (“Main Elements Services”) hereto. In case a maintenance event is necessary to comply with a calendar limit, the
Company shall settle the applicable prices in Clauses 1.3.2 and 3 of this Exhibit 14 at the time of the event, multiplied by the full interval specified in Clause 1.2 of Exhibit 11 (“Main Elements Services”) hereto less the amount
already paid by the Company to the Repairer for the number of [*****] accrued since the last overhaul. 
  

	3.	Prices adjustment  

 For the sake of clarity, the adjustment conditions set out in
Clauses 3.1 and 3.2 below [*****]. 
  

	3.1	Commercial conditions for price adjustment 

  

	 	3.1.1	For Lease of the Stock, standard exchange Service and LRUs repair Service 

 The prices set out
in this Agreement will be increased, if applicable, [*****] in accordance with the following adjustment formula: 
 [*****] 

 
 [*****] Confidential material redacted and filed separately with the Securities and
Exchange Commission. 

  

					
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where: 
 [*****] is the [*****]
for the year N+1, and [*****], 
 [*****]: is the [*****] as determined by economic conditions of year N (current year), 

[*****]: is the [*****] in the year N, 

[*****]: is the corresponding [*****] of the year N-1, 

[*****]: is the [*****] in the year N, 

[*****]: is the corresponding [*****] of the year N-1. 

Escalation is subject to a [*****] for Stock, Clause 1.1 of the Exhibit 14, and Standard Exchange services, Clause 1.2 of the Exhibit 14.

 Escalation is subject to a [*****] for LRU repair service, Clause 1.3 and Clause 2.2 of the Exhibit 14. 

Escalation is subject to a [*****]. 
  

	 	3.1.2	For Main Elements Services 

 The prices set out in this Agreement relative to the Main
Elements will be [*****]. 
 Escalation is subject to a [*****] for Main Elements repair service [*****] In any case the final result of
the applicable annual adjustment rate [*****] Clause 1.3 of the exhibit 14. 
  

	3.2	Technical conditions for prices adjustment  

 The prices set out in this Exhibit
14 shall be modified [*****] at the occasion of the invoicing reconciliation pursuant to Clause 11 (“Reconciliation”) if the Standard Operations of the Aircraft, analyzed at the time of the adjustment (all calculations are made with
figures corresponding to [*****]), change by more or less [*****] with respect to the estimated values of the same parameters, considered at the time of commencement of the Term. 

As from the date this Agreement enters into force, the Parties agree to take into account the following basic operating parameters (the
“Standard Operations”) as a reference for the above calculation: 
  

	 	(i)	[*****] 

  

	 	-	[*****] 

  

	 	-	[*****] 

  

	 	-	[*****] 

  

	 	(ii)	[*****] 

  

	 	-	[*****] 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	 	-	[*****] 

  

	 	-	[*****] 

  

	4.	Specific conditions  

  

	4.1	Company’s Aircraft fleet change(s) 

 [*****]. 

 

	4.2	Unused Aircraft  

 During the Term, should any Aircraft remain temporarily
unused for less than [*****] by the Company for whatever reason, the Company shall not request or obtain from the Provider a change in prices or terms and conditions set out in this Agreement in Clause 12 (“Invoicing and Payment
terms”). 
  

	5.	Phase-in: 

 As a condition precedent to the entry into force of this Agreement, as
reflected in Clause 17 (“Conditions Precedent”), the Company shall pay to the Repairer an amount corresponding for each Main Element and/or any sub-assembly thereof, to the number of FH or CY accrued since the last overhaul or since
new as applicable, at the date of entry into force of the Agreement, multiplied by the applicable rate defined in Clauses 1.3 and 3 of this Exhibit 14 and applicable at the date of the first event. 

 

	6.	Phase-out: Refundable maintenance provisions 

  

	6.1	Upon termination of this Agreement with respect to one or more Aircraft and/or Services in accordance with the terms of this Agreement (except as a result of a Company Default) (the “Termination Date”),
the Repairer shall reimburse the Company Maintenance Provisions related to landing gears maintenance services and/or their sub-component for ATR 72-600 only based on [*****] of the amount set out in Clause 1.3.2 of the Exhibit 14 (“Price
Conditions”)for maintenance services (the “Refund Amount”), taking into account the price applicable [*****] as per Clauses 3 of the Exhibit 14 (“Price Conditions”) and when applicable adjusted every [*****] as per
Clause 10 and 11, for [*****] for Main Elements: between the re-installation on such Aircraft after the last shop repair or overhaul or exchange occurred under this Agreement, as evidenced in the relevant EASA, FAA, TC, or ANAC release form and
ending on the Termination Date. 

 For sake of clarity, since the Company will pay such service based on, 

 
 [*****] Confidential material redacted and filed separately with the Securities and
Exchange Commission. 

  

					
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	 	-	for ATR 42-500, ATR 72-500 and ATR 72-600, [*****] of the price by the hours and [*****] 

  

	 	-	for ATR 72-600, [*****] of the price by the hours and [*****], 

  

	 	-	for ATR 42-500 and ATR 72-500 [*****] of the price by the hours and [*****], 

 [*****]. In
addition, it is agreed by the parties that [*****] out of [*****] of the maintenance provision paid for the maintenance of the landing gears [*****]. 

Should any Aircraft be an ATR and/or ATR Affiliate’s property, then Refund Amount shall be reimbursed to the owner. 

The Repairer will reimburse the Refund Rate provided that: 
  

	 	(i)	the Company has returned to the Repairer all Spare(s), Main Element(s), Items of the Stock, Core Units and unserviceable LRUs the Repairer may have delivered or to be returned to the Repairer according to the terms of
this Agreement, and 

  

	 	(ii)	The Company has paid to the Repairer all amounts due under this Agreement , and 

  

	 	(iii)	The Company is not in Default of any of its obligations under this Agreement. 

  

	6.2	It is also understood that [*****] to be taken into account for such a refund process are only those accrued for the original Main Element(s) of Aircraft when fitted on Company’s Aircraft or alternatively
spare(s) main elements of Company property. [*****] accrued on Spare Main Element(s) provided by the Repairer to the Company under this Agreement and/or any Main Element(s) different from those installed on Aircraft on the date they were originally
delivered to the Company or not owned by the Company shall not be taken into account in the calculation of the Refund Rate phase-out set out in this Clause 6. 

  

	6.3	Such phase out shall occur simultaneously with the final reconciliation as per Clause 11.2 of this Agreement. 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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EXHIBIT 15 – ADVANCED POOL SERVICE 

 

	1.	Advanced Pool Stock Availability 

 With the scope of further facilitating the maintenance
operations of the Company, Repairer agrees to make available the Advanced Pool Stock to the Company and Company agrees to store the Advanced Pool Stock in a restricted area at the Storage Location. The provision, holding, use and disposal of the
Advanced Pool Stock and its review shall be subject to the terms and conditions of this Agreement. 
  

	2.	Provision and value of the Advanced Pool Stock  

  

	2.1	The Advanced Pool Stock is composed of items defined in Exhibit 16 (“Advanced Pool Stock”), which may be either brand new items or Used Serviceable Items depending on availability of each item of the Advanced
Pool Stock into Repairer’s inventory at the time of their respective delivery. 

  

	2.2	The Advanced Pool Stock is governed by this Agreement until it is (i) either returned to the Repairer at the Expiry Date, (ii) purchased by Company in accordance with Clause 6 hereunder, or (iii) upon
redelivery of the Advanced Pool Stock to Repairer after the termination of this Agreement pursuant to Clause 16 of this Agreement. 

  

	2.3	The Advanced Pool Stock shall be provided to Company by Repairer for the duration of the Term provided Company has met each of the Conditions Precedent set out in Clause 17 of the Agreement to the satisfaction of the
Repairer before the Start Date. 

  

	2.4	The Advanced Pool Stock total value, under economic conditions 2010, shall be: 

 [*****] 

For the sake of clarity, the total Stock value of Exhibit 16 (“Advanced Pool Stock”) list shall be: [*****]. 

In the event the Repairer delivers Used Serviceable Items to the Company, the value of each such Used Serviceable Items shall be quoted at
[*****] of the brand new value indicated in Exhibit 16 (“Advanced Pool Stock”) and the total value of the Advanced Pool Stock shall be adjusted accordingly. 
  

	3.	Delivery 

  

	3.1	The items of the Advanced Pool Stock will be delivered by Repairer to Company, with the relevant airworthiness documents (certificate of conformity, ANAC SEGVOO 003, EASA Form 1 or FAA Form 8130-3), [*****] ATR stores
located at the address set forth in Clause 6.1 of this Agreement, or such other location as Repairer may from time to time notify to Company. 

  

	3.2	Delivery of the Advanced Pool Stock shall take place gradually. Repairer shall use its reasonable efforts to deliver [*****] of the items of the Advanced Pool Stock (in quantity) at the Start Date. Delivery of the
Advanced Pool Stock shall be subject to the Stock delivery. 

  
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	3.3	Notwithstanding the fact that the Repairer is the owner of the Advanced Pool Stock, all risks whatsoever and howsoever relating to or arising in connection with the Advanced Pool Stock and any item of the Advanced Pool
Stock, shall be transferred to, vested in and borne by the Company as from the delivery of each item of the Advanced Pool Stock by Repairer to Company. 

  

	3.4	Company shall be responsible for and proceed to custom clearance of any item of the Advanced Pool Stock. Within a maximum [*****] lead time from the date any item of the Advanced Pool Stock is delivered, Company shall
provide Repairer with evidence that any fees, customs duties, and customs declarations has been paid and made, failing which Repairer may consider such failure as a Company Default pursuant Clause 16 of this Agreement. 

 

	4.	Management and Handling Procedures  

  

	4.1	Location 

  

	 	i.	Company shall keep the Advanced Pool Stock in secured warehouse facilities at the Storage Location, the use of which is reserved for storing and protecting the Advanced Pool Stock owned by Repairer. These facilities
shall be separated from any areas used to store any other equipment and the Storage Location shall be clearly marked with the inscription “ATR PROPERTY”. All the items of the Advanced Pool Stock will be stored with their corresponding
documentation. 

  

	 	ii.	Company agrees to maintain the Advanced Pool Stock by applying the best standard methods for storage and maintenance as required by applicable EASA regulations at its own maintenance and storage costs, particularly for
parts subject to limited shelf life or cure date. 

  

	 	iii.	Company shall promptly notify the Repairer any loss or damage to the Advanced Pool Stock whilst under its management. 

  

	 	iv.	Prior to the Delivery Date and upon each renewal of any policy, the Company shall supply the Repairer with certificates of insurance compliant with the terms and conditions set out in Clause 8 of this Agreement.

  

	 	v.	If at any time during the term, the Storage Location is not owned by the Company and is leased from a third party, the Company shall advise the Repairer of the name and address of the owner or landlord of such
facilities or if any change of the owner or landlord occurs. It shall be the responsibility of the Company to notify said owner or landlord of the Repairer’s right of ownership in and to the Advanced Pool Stock and copy the Repairer of such
notification. 

  

	 	vi.	The Company agrees to assume liability for and to indemnify and keep harmless Repairer against any loss, cost, expense (including the fees of professional advisers and out of pocket expense), financial liability, taxes,
damage or monetary loss of any kind which Repairer may suffer or incur as a consequence of the loss or damage to any item of the Advanced Pool Stock. 

  

	4.2	Use 

 The Company shall be entitled to, provided no Company Default has occurred and is
continuing, withdraw and use any of the items of the Advanced Pool Stock pursuant standard 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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exchange service conditions defined in Exhibit 9 and in accordance with its operational needs, solely for the remedy of parts associated
defects on the Aircraft covered under this Agreement. 
  

	4.3	Inventory 

 The Repairer or its agent shall have the right to inspect the Advanced Pool Stock
and to audit any records relating thereto at any reasonable time upon giving prior written notice to the Company. The Company shall provide full access to enable the Repairer to conduct periodic inventory inspection of the Advanced Pool Stock. 

Should any part of the Advanced Pool Stock be missing, partially or totally damaged, or has not its appropriate airworthiness documentation at
the time the Repairer or its agent carries out its inspection/audit, and if the Company cannot justify the part being under repair, the Company shall have a period of [*****] to remedy the situation to the satisfaction of the Repairer, failing
which, the Repairer shall invoice the Company the price for any such lost or damaged item at the ATR spare parts catalogue price applicable at the date of such invoice. 
  

	5.	Purchase Option 

 [*****] 

 

	6.	Modifying the Composition of the Advanced Pool Stock 

 Upon either party’s request, the
parties agree to review the content of the Advanced Pool Stock at the first anniversary date of the Start Date. Shall the parties agree to modify the content of the Advanced Pool Stock, the following conditions shall apply: 

 

	 	i.	item returned by the Company that has never been used by the Company since the Start Date, is received by the Repairer in serviceable condition, in its original packaging and with all appropriate airworthiness
documents; 

  

	 	ii.	the item shall be returned in accordance with the provisions of Clause 6.2 of this Agreement; and 

  

	 	iii.	if an item is returned to the Repairer from the Advanced Pool Stock, the value of the Advanced Pool Stock shall be modified by subtraction of the initial value of the concerned item; and 

 

	 	iv.	if an item is added to the Advanced Pool Stock, the value of the Advanced Pool Stock shall be increased pursuant to the ATR Spares Catalogue price for the added item at the economical condition of the moment the
Advanced Pool Stock is modified. 

 The Company shall be responsible for and pay any costs incurred by the return to Repairer and/or
replacement of such items of the Advanced Pool Stock, including but not limited to transportation costs, customs duties, formalities and commissions, re-certification fees if documents are missing or damages are found. 

 

	7.	Purchase or Return of the Advanced Pool Stock 

  

	7.1	Promptly on the Expiry Date, and subject to Clause 5 of this Exhibit 15, the Company shall 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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have the option to: 
  

	 	i.	[*****] 

  

	 	ii.	re-deliver the items of the Advanced Pool Stock to the Repairer in accordance with Clause 6.2 of this Agreement or to any other address indicated from time to time by Repairer to the Company, in accordance with the
following terms and conditions. 

  

	7.2	In the event that any items are delivered back to the Repairer without the appropriate airworthiness documentation, or whenever the parts are returned without the original documents supplied by the Repairer, or if the
Repairer has to test, to replace or to repair such returned item(s) of the Advanced Pool Stock due to damage or deterioration as a result of incorrect storage, inappropriate packaging and/or transport, or for any other reason whatsoever, the Company
is liable for any associated re-certification, repair, overhaul, or replacement costs for such items at the ATR catalogue prices applicable on the date of delivery of such item to the Company. 

 

	7.3	If the Company fails to deliver the Advanced Pool Stock or any part(s) of the Advanced Pool Stock within [*****] of the Expire Date, the Company shall pay late return fees equal to [*****] of the value of the non
returned part(s), per Day since the Expire Date, until: a) the missing part(s) are duly received by the Repairer, or b) a maximum [*****] from the Expire Date. The Repairer will be entitled to withdraw such late return fees from the Security Deposit
pursuant to Clause 13. 

  

	7.4	The Company acknowledges and agrees that in the event any item of the Advanced Pool Stock, or the entire Advanced Pool Stock, is not re-delivered to the Repairer within [*****] of the Expire Date, this item or the
Advanced Pool Stock shall be deemed lost, and the Repairer will invoice this item of the Advanced Pool Stock to the Company at the ATR spare parts Catalogue price in force at the date of delivery of any such item of the Advanced Pool Stock. Should
the Company fail to pay such invoice, Repairer will be entitled, at its sole discretion, to withdraw the corresponding amount(s) from the Security Deposit. 

  

	8.	Payment and Transfer of the Title to Property 

  

	8.1	Save as otherwise set out in this Agreement, the purchase price for any item of the Advanced Pool Stock shall be paid in accordance with the provisions of Clause 12. 

 

	8.2	Notwithstanding the provisions of Clause 6 of Exhibit 9, title to the Advanced Pool Stock or any item thereof shall remain with the Repairer at all times until such Advanced Pool Stock or part thereof has been purchased
by the Company and provided that the amount of the corresponding invoice has been fully received by the Repairer in accordance with Clauses 10 and 12 of this Agreement. The Company specifically agrees that it shall not acquire any interest, equity
or share of the Advanced Pool Stock, or pledge or create any lien of any sort whatsoever prior to the transfer of title to the Advanced Pool Stock to the Company in accordance with this Agreement. It is hereby acknowledged and agreed that the
Company is appointed as the custodian of the Advanced Pool Stock, which appointment the Company hereby accepts until such time as the Repairer has received the Company’s payment in full for the Advanced Pool Stock or any item if the Advanced
Pool Stock in case such Advanced Pool Stock or item is either missing, damaged, without airworthiness documentation, purchased by the Company or not returned by the Company to the Repairer in accordance with the provisions of this Agreement.

  

	8.3	The Company may not, under any circumstances, perform or permit any action to be taken that 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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may be detrimental to the Repairer’s title to and property in the Advanced Pool Stock, including without limitation: 

 

	 	i.	the Company must not transfer, sell, charge, pawn, mortgage, negotiate, dispose of, or intend to negotiate or dispose of the Advanced Pool Stock or any item of the Advanced Pool Stock ; and 

 

	 	ii.	the Company shall take the necessary measures in order to prevent the Advanced Pool Stock or part of the Advanced Pool Stock from being seized or taken away, or to check the Advanced Pool Stock in the event of a seizure
by distress or any other similar legal process. However, if the Advanced Pool Stock or part of the Advanced Pool Stock is seized or taken away, the Company must immediately inform the Repairer in writing and indemnify the Repairer for any losses,
costs or expenses incurred by the Repairer as a result of the above-mentioned events, and shall mitigate any such Losses, costs or expenses by using its best efforts to re-possess the Advanced Pool Stock or to
re-acquire the Advanced Pool Stock or any item of the Advanced Pool Stock. 

  

					
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CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT 16 – ADVANCED POOL STOCK 

The following Exhibit is composed of two (2) pages, into which are listed [*****] part numbers. 

First List for [*****] specific fleet contains [*****] part numbers 
  

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	[*****]	  	CONDENSER	  	[*****]
	[*****]	  	COOLING UNIT	  	[*****]
	[*****]	  	VALVE-TURBINE INLET CONTROL	  	[*****]
	[*****]	  	AUDIO CONTROL PANEL	  	[*****]
	[*****]	  	CONTROL UNIT-HF	  	[*****]
	[*****]	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER,DC	  	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR,AC	  	[*****]
	[*****]	  	STARTER GENERATOR-DC	  	[*****]
	[*****]	  	PROBE-CCAS ALPHA	  	[*****]
	[*****]	  	PROBE-PITOT	  	[*****]
	[*****]	  	VALVE-HP AIR BLEED	  	[*****]
	[*****]	  	EXCITER - IGNITION I.C.	  	[*****]
	[*****]	  	SERVO VALVE 	  	[*****]
	[*****]	  	FUEL PUMP	  	[*****]
	TOTAL 	  		  	

 Second List for [*****] specific fleet contains [*****] part numbers 

 

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	[*****]	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	[*****]	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER,DC	  	[*****]
	[*****]	  	FCU-HYDRO MECHANICAL	  	[*****]
	[*****]	  	FCU-HYDRO MECHANICAL	  	[*****]
	[*****]	  	AUDIO CONTROL PANEL	  	[*****]
	[*****]	  	EXCITER - IGNITION I.C.	  	[*****]
	[*****]	  	EXCITER - IGNITION I.C.	  	[*****]
	[*****]	  	PROBE-CCAS ALPHA	  	[*****]
	[*****]	  	PROBE-CCAS ALPHA	  	[*****]

  
 [*****] Confidential material redacted and filed
separately with the Securities and Exchange Commission. 

  

					
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CONFIDENTIAL TREATMENT REQUESTED 
  

 

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR,DC	  	[*****]
	[*****]	  	SERVO VALVE	  	[*****]
	[*****]	  	CONTROL UNIT-VHF	  	[*****]
	[*****]	  	CONDITIONER,TORQUE SIGNAL	  	[*****]
	[*****]	  	ALTIMETER-STANDBY,MILLIBARS	  	[*****]
	[*****]	  	CONTROL UNIT-VHF	  	[*****]
	[*****]	  	ELECTRONIC SYSTEM UNIT	  	[*****]
	[*****]	  	INDICATOR-STANDBY HORIZON	  	[*****]
	[*****]	  	CONTROL,AUTOFEATHER	  	[*****]
	[*****]	  	CONTROL,AUTOFEATHER	  	[*****]
	[*****]	  	GOVERNOR-PROPELLER OVSP	  	[*****]
	[*****]	  	PUMP-PROPELLER FEATHERING	  	[*****]
	[*****]	  	PUMP-PROPELLER FEATHERING	  	[*****]
	[*****]	  	SWITCH-PROXIMITY	  	[*****]
	TOTAL [*****]	  		  	[*****]

  

					
	 [*****]
	  	 DESCRIPTION
	  	[*****]
	[*****]	  	PROBE PITOT	  	[*****]

 ALL ITEMS, PARTS, COMPONENTS, SERVICES, WARRANTIES AND GUARANTEES PROVIDED HEREUNDER ARE PROVIDED SUBJECT TO CLAUSE 14 OF THE
AGREEMENT. 
  
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 

  

					
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EXHIBIT 17 – INSURANCE CERTIFICATES 

ALL ITEMS, PARTS, COMPONENTS, SERVICES, WARRANTIES AND GUARANTEES PROVIDED HEREUNDER ARE PROVIDED SUBJECT TO CLAUSE 14 OF THE AGREEMENT. 

  

					
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EXHIBIT 18 – NOTA FISCAL REPORTING 

Reporting 1: 
 Dedicated to the pool import + 1st
standard exchange loop 
 Shall be submitted once (after all serviceable parts from the pool sent to Azul) 

 

									
	 Part number
	  	 Serial number
	  	 Nota Fiscal CFOP

5949 number
 Flow Azul ->

Helibras
	  	 Nota Fiscal CFOP

5949 number
 Flow Helibras ->

Azul
	  	 Fiscal value

	 Table with XXX lines

(XXX = number

of parts to be

imported)
	  		  		  		  	
	 ...
	  		  		  		  	

 Reporting 2: 

Dedicated to subsequent standard exchanges 
 Shall be submitted on
a monthly basis 
  

									
	 Part number
	  	 Serial number
	  	 Nota Fiscal CFOP

5949 number
 Flow Azul ->

Helibras
	  	 Nota Fiscal CFOP

5949 number
 Flow Helibras ->

Azul
	  	 Fiscal value

	 ...
	  		  		  		  	

 ALL ITEMS, PARTS, COMPONENTS, SERVICES, WARRANTIES AND GUARANTEES PROVIDED HEREUNDER ARE PROVIDED SUBJECT TO CLAUSE 14 OF THE
AGREEMENT. 

  

					
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	 Amendment n° 01

 
 to the Global Maintenance Agreement

ref. DS/C-3957/14 Issue 7 

dated March 9th , 2015

 

 BETWEEN 

AZUL LINHAS AÉREAS BRASILEIRAS S/A 

AND 

AVIONS DE TRANSPORT REGIONAL,
G.I.E. 

  

					
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	  	Page 1/9

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TABLE OF CONTENTS: 
  

							
	CLAUSE	  	PAGE	 
			
	 1.
	 	DEFINITIONS	  	 	4	 
			
	 2.
	 	AMENDMENT	  	 	4	 
			
	 3.
	 	EFFECTIVE DATE AND DURATION	  	 	5	 
			
	 4.
	 	CONFIDENTIALITY	  	 	5	 
			
	 5.
	 	GOVERNING LAW - ARBITRATION	  	 	7	 
			
	 6.
	 	MISCELLANEOUS	  	 	8	 

  

					
	AZUL–ATR	  	 Amendment N° 1

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CONFIDENTIAL TREATMENT REQUESTED 
  

This amendment (hereinafter referred to as the “Amendment”) is entered into on January 6th, 2016. 

BETWEEN: 
 AZUL LINHAS AÉREAS BRASILEIRAS
S/A, a company incorporated under the laws of Brazil, the registered office of which is located at Avenida Marcos Penteado de Ulhôa Rodrigues, 939 - Edif. Castello Branco Office Park - Torre Jatobá - 9° andar - CEP 06460-040 -
Alphaville Industrial - Barueri - São Paulo - Brazil, identified under Cadastro Nacional de pessoa Juridica (CNPJ) number 09.296.295/0001-60.  

Hereafter referred to as the “Company” or “AZUL”, 

On the one part, 
 AND: 

AVIONS DE TRANSPORT REGIONAL, G.I.E., a French groupement d’intérêt économique
established under articles L.251-1 to L251-23 of the French Commercial Code, whose registered office is at 1 allée Pierre Nadot, 31712 Blagnac, France identified under Corporate and Trade Register of Toulouse number 323 932 236,  

Hereafter referred to as the “Repairer’ or “ATR”, 

On the other part. 
 Hereinafter individually referred to as the
“Party” or collectively as the “Parties” 
 RECITALS: 

WHEREAS the Repairer and the Company entered into a Global Maintenance Agreement as referenced here above (as amended and supplemented from time to
time, hereafter referred to as the “GMA”) for the purpose of providing the Company with Services for the maintenance of the Aircraft; and,  

WHEREAS in consideration of modification of the operations, the Repairer and the Company agree to amend the GMA in order to update the number of
[*****] required for the invoicing; and,  
 WHEREAS the Parties wish to amend certain provisions of the GMA upon the terms and conditions set
out below.  
 NOW THEREFORE, IT IS HEREBY AGREED AS FOLLOWS: 
  

 
 [*****] Confidential material redacted and filed separately with the Securities and
Exchange Commission. 

  

					
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CONFIDENTIAL TREATMENT REQUESTED 
  

 

	1.	DEFINITIONS 

 Unless otherwise defined, capitalised terms, singular or plural, used in
this Amendment, shall have the same meaning ascribed thereto in the GMA. 
  

	2.	AMENDMENT 

 The following Clauses, sentences or words of the GMA are amended as follows:
 
  

	2.1	Clause 12 – INVOICING AND PAYMENT TERMS  

  

	 	(i)	Clause 12.1(ii) of the GMA shall be cancelled and substituted as follow: 

  

	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	[*****]	

  

	 	(ii)	Any other provision of Clause 12 shall remain in full force and effect. 

  

	2.2	Exhibit 14 – PRICE CONDITIONS  

  

	 	(i)	Clause 3.2 of the Exhibit 14 of the GMA shall be cancelled and substituted as follow: 

  

	“3.2	Technical conditions for prices adjustment  

 The prices set out in this Exhibit 14
shall be modified every [*****] at the occasion of the invoicing reconciliation pursuant to Clause 11 (“Reconciliation”) if the Standard Operations of the 
  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
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CONFIDENTIAL TREATMENT REQUESTED 
  

Aircraft, analyzed at the time of the adjustment (all calculations are made with figures corresponding to [*****], change by more or less
[*****] with respect to the estimated values of the same parameters, considered at the time of commencement of the Term. 
 As from
the date this Agreement enters into force, the Parties agree to take into account the following basic operating parameters (the “Standard Operations”) as a reference for the above calculation: 

 

	 	(i)	[*****] 

  

	 	-	[*****] 

  

	 	(ii)	[*****] 

  

	 	-	[*****] 

 (ii)    Any other provision of the Exhibit 14 shall remain in full
force and effect. 
  

	3.	EFFECTIVE DATE AND DURATION 

 This Amendment shall enter into force on the date of its
signature by both Parties and, unless otherwise agreed upon in writing by the Parties through a subsequent amendment to the GMA, shall remain in force for the term of the referenced GMA. 

 

	4.	CONFIDENTIALITY 

  

	4.1	Confidentiality obligations  

 Unless otherwise provided in this Amendment, any
Confidential Information released by either of the Parties (the “Disclosing Party”) to the other Party (the “Receiving Party”) shall not be released in whole or in part to any third party. 

In particular, the Receiving Party undertakes: 
  

	 	-	to keep the Confidential Information strictly confidential, not to deliver, disclose or publish it to any third party including subsidiary companies and companies having an interest in its capital, except as otherwise
agreed in writing by the Disclosing Party; 

  

	 	-	to use the Confidential Information solely for the purpose of this Amendment and except as otherwise expressly agreed in writing by the Disclosing Party, not to use the same or permit its use for any other purpose;

  

	 	-	to disclose the Confidential Information only to those of its direct employees having a need to know such Confidential Information in order to make permitted use thereof, after having beforehand clearly informed such
employees of the strictly confidential nature of the Confidential Information and caused them to observe said conditions of confidentiality. The Receiving Party shall be responsible for the correct performance of said obligations of confidentiality
by its employees and shall keep up to date the list of its personnel, to whom Confidential Information is communicated, which list shall be made available to the Disclosing Party at its request; 

 

	 	-	not to duplicate the Confidential Information nor to copy or reproduce the same beyond the purpose of the Amendment; 

  

	 	-	not to disclose Confidential Information to any third party, unless such third party is acting at the instruction of the Receiving Party and such disclosure is reasonably necessary to accomplish the purpose of the
Amendment, provided however, that prior to any such disclosure both of the following conditions are satisfied: 

  

 
 [*****] Confidential material redacted and filed separately with the Securities and
Exchange Commission. 

  

					
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	 	(i)	each of such third parties, shall have signed an acknowledgement to keep such Confidential Information as strictly confidential; and, 

 

	 	(ii)	the Receiving Party shall have obtained written prior approval of the Disclosing Party of such proposed disclosure, which approval may be not unreasonably withheld or delayed. 

 

	 	-	promptly notify the Disclosing Party if a disclosure of Confidential Information is required by a Government Entity or by Law and to use all reasonable effort to assist the Disclosing Party in limiting such disclosure
to the extent permitted by Law; 

  

	 	-	upon discovery of any disclosure of Confidential Information, regardless of whether such discovery is intentional or inadvertent, the Receiving Party shall promptly notify the Disclosing Party and take all reasonable
actions (i) to retrieve the disclosed Confidential Information, (ii) to destroy any unauthorized copies thereof and (iii) to stop further disclosure. 

4.2 Non application of confidentiality obligations  

The obligations of Receiving Party with respect to Confidential Information as set forth in this Clause 4.1 above shall not be applicable to
information which: 
  

	 	(a)	upon the Signing Date was part of the public domain or became part of the public domain after the disclosure, other than by a violation of the Amendment or any other non-disclosure Amendment or the applicable Law of any
jurisdiction; or 

  

	 	(b)	was already lawfully known by the Receiving Party, as evidenced by written records bearing an unquestionable date, prior the Signing Date by the Disclosing Party and was unrestricted; or 

 

	 	(c)	was lawfully disclosed to the Receiving Party subsequently to the signature of the Amendment by a third party which had not received the same directly or indirectly from the Disclosing Party and that such disclosure
does not violate any non-disclosure Amendment. 

  

	4.3	Permitted disclosure of Confidential Information  

 Notwithstanding any provision
to the contrary in the Amendment, the Receiving Party shall be entitled to disclose Confidential Information if required to do so: 
  

	 	(a)	by order of a court or government agency of competent jurisdiction; or 

  

	 	(b)	by any applicable Law, 

 provided, however, that prior to making such disclosure, the Receiving
Party shall if possible advise the Disclosing Party of the circumstances requiring such disclosure in order to afford the Disclosing Party sufficient advance notice to permit to raise any objections that it may deem appropriate. 

 

	4.4	Disclosing Party’s proprietary rights  

 Any Confidential Information shall
remain the property of the Disclosing Party. The Amendment shall not be construed as granting or conferring to the Receiving Party, either expressly or by implication, any license or proprietary interest in or to any Confidential Information nor any
right of use beyond the purpose of this Amendment. 
 The Repairer, its Affiliates and/or its Subcontractors as applicable shall remain the
exclusive owner of any intellectual property right related to the Services including: design of the LRUs, Main Elements, job cards, task cards, operating manual or industrial process, as relevant. No title to or other ownership interest in 

  

					
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 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

the Confidential Information is transferred except as specifically stated in the Amendment, and the Receiving Party hereby expressly disclaims
any such rights or interests. 
 The Receiving Party hereby acknowledges and recognises that Confidential Information is protected by
copyright Laws and related international treaty provisions, as the case may be. 
  

	4.5	For the sake of clarity, and for the purpose of this Clause 4 and this Amendment, any of the receiving Party’s Affiliates and their Subcontractors shall not be considered as third party and shall be entitled
to have access to any Confidential Information disclosed by the disclosing Party in connection with this Amendment. 

  

	4.6	This Clause 4 shall survive termination or expiry of this Amendment for a period of five (5) years following such End Date. 

5. GOVERNING LAW - ARBITRATION 
  

	5.1	Governing law: 

 Pursuant to and in accordance with Section 5-1401 of the New York
General Obligations Law, the Parties hereto agree that this Amendment in all respects, and any claim or cause of action based upon or arising out of this Amendment, or any dealing between the Parties relating to the subject matter of this Amendment
or the transactions contemplated hereby or the Company/Repairer relationship being established, shall be governed by, and construed in accordance with, the laws of the State of New York, U.S.A. as applied to contracts to be performed wholly within
the State of New York (Exclusive of Section 7-101 of the New York General Obligations Law which is inapplicable to this Amendment). 
  

	5.2	Arbitration: in the event of a dispute arising out of or relating to this Amendment, including without limitation disputes regarding the existence, validity or termination of this Amendment (a
“Dispute”), either Party may notify such Dispute to the other through service of a written notice (the “Notice of Dispute”). The Parties shall make their reasonable endeavours to settle the Dispute amicably by a
committee composed of one (1) management representative of each Party (the “Representatives”). Such committee shall be created by the Parties within [*****] from the date of receipt of the Notice of Dispute. 

 

	 	5.2.1	Subject to sub-Clause 5.2.5 below and in the event the Representatives (i) fail to create such committee or (ii) do not agree on an amicable settlement within [*****] from the date the committee
referred to in this sub-Clause 5.2 has been created or such longer period as may be agreed upon in writing by the Representatives (the “Amicable Settlement Period”), the Dispute shall be exclusively and finally settled under the
Rules and Conciliation of Arbitration of the International Chamber of Commerce (the “ICC”) by an arbitral tribunal composed of three (3) arbitrators; each Party shall then appoint one (1) arbitrator within [*****]from the
last day of the Amicable Settlement Period and the third arbitrator, who will act as President, will be appointed by the other two (2) arbitrators. In case the two (2) arbitrators appointed by the Parties do not agree on this choice with
[*****] from the date the last arbitrator is appointed, the third arbitrator will be appointed by the ICC Court. 

  

	 	5.2.2	The arbitration, and any proceedings, and meetings incidental to or related to the arbitration process, shall take place in New York, U.S.A, and the language to be used in the arbitral proceedings shall be English;
arbitral award shall be final and binding upon the Parties. 

  

	 	5.2.3	The arbitration shall be kept confidential and the existence of the proceeding and any element of it shall not be disclosed to any third party. Any information relating to and/or documents generated for the
purpose of or produced in the arbitration, including any awards, shall remain confidential 

  

[*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. 

  

					
	AZUL–ATR	  	 Amendment N° 1

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	  	Page 7/9

 Execution version 
  

between the Parties, the arbitrators and any other Person involved in the arbitration proceedings, except to the extent that disclosure may be
required pursuant to any order of court or other competent authority or tribunal, or to protect or pursue a legal rights or to enforce or challenge an award in bona fide legal proceedings before a state court or other judicial authority. 

 

	 	5.2.4	During any period of negotiation or arbitration, the Parties shall continue to meet their respective obligations in accordance with the provisions of the Amendment. 

 

	 	5.2.5	Notwithstanding any provision of this Clause 5.2 the Parties may, at any time, seek and decide to settle a Dispute either through direct negotiations or in accordance with the ICC rules in respect of the
alternative dispute resolution. 

  

	5.3	Judgment upon any award may be entered in any court having jurisdiction or application may be made to the court for a judicial recognition of the award or an order of enforcement, as the case may be.

  

	5.4	Recourse to jurisdictions is expressly excluded except as provided for in the ICC Rules of Conciliation and Arbitration concerning Conservatory and Interim measures. 

 

	6.	MISCELLANEOUS 

  

	6.1	This Amendment contains the entire agreement between the Parties regarding the subject-matter and shall supersede any previous understandings, commitments and/or representations whatsoever oral or written.

  

	6.2	In case of any inconsistency between the terms of the GMA and this Amendment regarding the subject-matter, the latter shall prevail. 

To the extent not inconsistent with this Amendment, all terms and conditions of the GMA shall remain valid and binding. 

 

	6.3	This Amendment shall not be varied or modified except by a written document duly signed by duly authorized representatives of both Parties. 

  

					
	AZUL–ATR	  	 Amendment N° 1

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	  	Page 8/9

 Execution version 
  

IN WITNESS WHEREOF, the duly authorized representatives of the Parties hereto have agreed to execute this Amendment in two (2) original copies in the
English language. 
  

							
	 On behalf of: /s/ Renato Covelo
  
	  	 On behalf of:
  

	 AZUL LINHAS AÉREAS BRASILEIRAS S/A

(the Company)
  
	  	 AVIONS DE TRANSPORT REGIONAL

(the Repairer)
  

	 Signed by: Renato Covelo
	  	Signed by:	  	M. Castoriwa
		  		  	
	 Function: Attorney In Fact
	  	Function:	  	VP Commercial
	 Date: December 18th, 2015
	  	Date:	  	January 6th, 2016

  

					
	AZUL–ATR	  	 Amendment N° 1

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	  	Page 9/9EX-10.4

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

Exhibit 10.4 
  
 

 
 CONFIDENTIAL TREATMENT REQUESTED – REDACTED COPY Confidential 

Treatment has been requested for portions of this Exhibit. Confidential portions of this 

Exhibit are designated by [*****]. A complete version of this Exhibit has 

been filed separately with the Securities and Exchange Commission. 

 

					
		  		  	 GE
 Aviation

 General 
 Terms 

Agreement 
 No. GE-1-1190636254 

 
  

PROPRIETARY INFORMATION NOTICE The information contained in this document is GE Proprietary Information and is disclosed in confidence. It is the
property of GE and shall not be used, disclosed to others, or reproduced without the express written consent of GE. If consent is given for reproduction in whole or in part, this notice and the notice set forth on each page of this document shall
appear on any such reproduction. Export control laws may also control the information contained in this document. Unauthorized export or re-export is prohibited. 

 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
	 	  	 	  	 
		  		  	
		  		  	

 Execution version 
  

GENERAL TERMS AGREEMENT NO. GE-I-1190636254 

Table of Contents 
  

							
	●	  	Agreement
		
		  	SECTION I – DEFINITIONS
		
		  	SECTION II – TERMS & CONDITIONS
				
		  	ARTICLE 1	  	–	  	PRODUCTS
		  	ARTICLE 2	  	–	  	PRODUCT PRICES
		  	ARTICLE 3	  	–	  	PRODUCT ORDER PLACEMENT
		  	ARTICLE 4	  	–	  	DELIVERY, TITLE, TRANSPORTATION, RISK OF LOSS, PACKAGING OF GE PRODUCTS
		  	ARTICLE 5	  	–	  	PAYMENT FOR PRODUCTS
		  	ARTICLE 6	  	–	  	GENERAL
		  	ARTICLE 7	  	–	  	TAXES AND DUTIES
		  	ARTICLE 8	  	–	  	WARRANTIES AND PRODUCT SUPPORT PLAN
		  	ARTICLE 9	  	–	  	EXCUSABLE DELAY
		  	ARTICLE 10	  	–	  	PATENTS
		  	ARTICLE 11	  	–	  	DATA
		  	ARTICLE 12	  	–	  	LIMITATION OF LIABILITY
		  	ARTICLE 13	  	–	  	GOVERNMENT AUTHORIZATION, EXPORT SHIPMENT
		  	ARTICLE 14	  	–	  	PERSONAL DATA PROTECTION
		  	ARTICLE 15	  	–	  	NOTICES
		  	ARTICLE 16	  	–	  	MISCELLANEOUS
		
	●	  	Exhibit A – Engine Warranty Plan
				
		  	SECTION I	  	–	  	WARRANTIES
		  	SECTION II	  	–	  	GENERAL CONDITION
		
	●	  	Exhibit B – Product Support Plan
				
		  	SECTION I	  	–	  	SPARE PARTS PROVISIONING
		  	SECTION II	  	–	  	TECHNICAL PUBLICATIONS AND DATA
		  	SECTION III	  	–	  	TECHNICAL TRAINING
		  	SECTION IV	  	–	  	CUSTOMER SUPPORT AND SERVICE
		  	SECTION V	  	–	  	ENGINEERING SUPPORT
		  	SECTION VI	  	–	  	PERFORMANCE TREND MONITORING
		  	SECTION VII	  	–	  	GENERAL CONDITIONS – PRODUCT SUPPORT PLAN
		
	 ●
	  	 Exhibit C – Payment Terms

		
	 ●
	  	 Exhibit D – Standard Diagnostics Services

  

					
	 	  	 	  	i
		  	GE PROPRIETARY INFORMATION	  	
		  	(subject to restrictions on cover page)	  	

 Execution version 
  

GENERAL TERMS AGREEMENT NO. GE-I-1190636254 
 THIS
GENERAL TERMS AGREEMENT NO. [GE-1-1190636254] (hereinafter referred to as this “Agreement”), dated as of the 25th day of September, 2008, by and between General Electric Company,
a corporation organized under the law of the State of New York, U.S.A., (including it’s successors and assigns), acting through its GE-Aviation business unit located in Evendale, Ohio, U.S.A. (hereinafter
referred to as “GE”), GE Engine Services Distribution, LLC, a Delaware limited liability company having its principal office at One Neumann Way MD     111, Cincinnati, Ohio     45215
(hereinafter referred to as “GE-LLC”) and Canela Investments LLC, a limited liability company organized under the law of Delaware (hereinafter referred to as “Airline”). GE,
GE-LLC and Airline are also referred to in this Agreement as the “Parties” or individually as a “Party”. 

WITNESSETH 
 WHEREAS, Airline has
acquired, or is in the process of acquiring a certain number of aircraft equipped with installed GE Engines, and 
 WHEREAS, GE, GE-LLC and Airline desire to enter into this Agreement to establish the terms and conditions governing the sale by GE and GE-LLC and the purchase by Airline of spare Engines, related equipment and spare parts
therefor and the Product Services to be supplied by GE in support of such installed and spare Engines for use by Airline with respect to its commercial passenger operation purposes (“Activities”), and 

FURTHER, GE acknowledges that GE-LLC is a 100% owned subsidiary of GE. 

NOW, THEREFORE, in consideration of the mutual covenants herein contained, the respective Parties hereto agree as follows to the respective Sections of
this Agreement. Capitalized terms used herein that are otherwise undefined shall have the meanings ascribed to them in Section I (“Definitions”), unless the context requires otherwise. 

  

					
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 SECTION I - DEFINITIONS 

These definitions shall apply for all purposes of this Agreement unless the context otherwise requires. 

“Aircraft” means the aircraft on which the Erigine(s) listed in the applicable letter agreement to this Agreement is (are) installed. 

“Agreement” means this General Terms Agreement (together with all exhibits, and specific transaction agreements (“Letter
Agreements”) and attachments) between GE and Airline. 
 “Airworthiness Directive” means a requirement for the inspection, repair or
modification of the Engine or any portion thereof as issued by the Federal Aviation Administration of the United States Department of Transportation (“FAA”). 

“ANAC” shall mean the Agéncia Nacional de Aviação Civil, the Brazilian Airworthiness Authority or any successor thereto.

 “ATA” means the Air Transport Association of America. 

“Data” means all information and data of any type, form or nature (including, but not limited to, designs, drawings, blueprints, tracings,
plans, models, layouts, software, specifications, technical publications, electronic transmittals, customer website data and memoranda) which may be furnished or made available to Airline by GE or GE-LLC,
directly or indirectly, as the result of this Agreement, excluding information or data that is in the public domain in Airline’s possession prior to being furnished by GE or GE-LLC, furnished to Airline by a third party not associated with GE
or GE-LLC or independently developed by Airline. 
 “Engine” means the FAA certified Engine(s)
described in the applicable letter agreement(s) to this Agreement or covered under this Agreement pursuant to Article 8 hereof. 
 “Expendable
Parts” means those parts which must routinely be replaced during inspection, repair, or maintenance, whether or not such parts have been damaged, and other parts which are customarily replaced at each such Inspection and maintenance period
such as filter inserts and other short-lived items which are not dependent on wear out but replaced at predetermined intervals. 
 “Failed
Parts” means those Parts and Expendable Parts suffering a Failure, including Parts suffering Resultant Damage. 
 “Failure” means
the breakage of a Part, failure to function of a Part, or damage to a Part, rendering it not Serviceable and such breakage, failure or damage has been determined to the reasonable satisfaction of the Parties to be due to causes within GE’s
control, including, but not limited to, a defect in design. Failure shall also include any defect in material or workmanship. 

  

					
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 Failure does not include any such breakage, malfunction or damage that is due to normal wear and tear that
can be restored by overhaul or repair. 
 “Flight Cycle” means the complete running of an Engine from start through any condition of flight
and ending at Engine shutdown. A “touch and go landing” used during pilot training shall be considered as a “Flight Cycle.” 

“Flight Hours” means the cumulative number of airborne hours in operation of each Engine computed from the time an aircraft leaves the ground
until it touches the ground at the end of a flight. 
 “Foreign Object Damage” means any damage to the Engine caused by objects that are
not part of the Engine and Engine optional equipment. 
 “GE Products” means spare Engines, related optional equipment, technical data, and
other products offered from time to time, as may be offered for sale and/or provided by GE. 
 “GE-LLC
Products” means spare Parts, Expendable Parts, Engine Modules, and other products offered from time to time, as may be offered for sale and/or provided by GE-LLC. 

[*****] 
 “Module” means a major sub-assembly of any of the Engines described in the applicable letter agreements or covered under this Agreement pursuant to Article 8 hereof. 

“Part” means only those FAA certified Engine and Engine Module Parts which have been sold originally to Airline by GE for commercial use. The
term excludes parts that were furnished on new Engines and Modules but are procured directly from vendors. Such parts are covered by the vendor warranty and the GE “Vendor Warranty Back Up.” Also excluded are Expendable Parts and customary
short-lived items such as igniters and filter inserts. 
 [*****] 

“Part Cycles” means the total number of Flight Cycles accumulated by a Part. 

“Parts Repair” means the GE recommended rework or restoration of Failed Parts to a Serviceable condition. 

 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
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 “Part Time” means the total number of Flight Hours accumulated by a Part. 

“Resultant Damage” means the damage suffered by a Part in warranty because of a Failure of another Part or Expendable Part within the same
engine, provided the Part or Expendable Part causing the damage was in warranty. 
 “Serviceable” when used to describe an Engine or Part,
means in a airworthy condition within the limits defined in the applicable Engine manuals, specification and/or publications by the type certificate holder. 

“Scrapped Parts” means those Parts determined by GE to be un-Serviceable and not repairable by virtue
of reliability, performance or repair costs. Such Parts shall be considered as scrapped if they bear a scrap tag duly countersigned by a GE representative. Such Parts shall be destroyed and disposed of by Airline unless requested by GE for
engineering analysis, in which event any handling and shipping shall be at GE’s expense. 
 “Spare Engine” means an Engine acquired in
support of Airline’s fleet of Aircraft for use as a spare Engine when another Engine in such fleet is unavailable due to damage or is otherwise being repaired or serviced. 

“Ultimate Life” of a Part means the approved limitation on use of a Part, in cumulative Flight Hours or Flight Cycles, which a U.S.
government authority establishes as the maximum period of allowed operational time for such Parts in Airline service, with periodic repair and restoration. 

  

					
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 SECTION II - TERMS AND CONDITIONS 

ARTICLE 1 - PRODUCTS 
  

	A.	Airline may purchase under the terms and subject to the conditions hereinafter set forth, Spare Engines, Engine Modules, spare Parts, related optional equipment, technical data and other products offered from time to
time, as may be offered for sale by GE and GE-LLC (hereinafter referred to as “Product(s)”) in quantities and in configurations reasonably required to support Airline’s Activities and the
aircraft applications operated by Airline in connection therewith. 

  

	B.	In order to assure that an adequate supply of GE Spare Engines are available to support the operating fleet of GE powered aircraft, GE reserves the option, for a limited period of time following the sale of Spare
Engines to Airline, to repurchase Spare Engines which Airline proposes to utilize for other than its own operating purposes. 

Accordingly, if prior to the accumulation of [*****] Flight Hours on any Spare Engine sold hereunder, Airline elects to a) offer such Spare
Engine for resale or b) undertake action to cause components or parts of such Spare Engine to be made available for sale, Airline shall give GE prompt advanced written notice of such determination (“Airline’s Notice”). Promptly upon
receipt of such notice, GE shall have the option to repurchase the Spare Engine from Airline (the “GE Repurchase Option”) at the lower of a) the [*****] less [*****] which, as agreed by the parties, shall be equal to [*****] or b) [*****].
If request by GE, an independent expert, jointly designated by GE and Airline, shall [*****]. GE shall give Airline notice of its decision to decline or to exercise such GE Repurchase Option within [*****] of its receipt of Airline’s Notice.
Fulfillment by GE of the GE Repurchase Option shall be conditional upon technical inspection, review and acceptance of the Spare Engine and its records by GE and the execution of a mutually acceptable purchase agreement. For the avoidance of doubt,
such GE Repurchase Option shall not apply to any sale of a Spare Engine intended to secure sale/leaseback financing in connection with the initial purchase of such Spare Engine or to the leasing of an Engine to a third party. 

ARTICLE 2 - PRODUCT PRICES 
  

	A.	 In General. The selling price of GE-LLC or GE Products will be the
respective prices which are quoted in GE-LLC’s Spare Parts Price Catalog, as revised from time to time (the “Spare Parts Catalog” or “Catalog”) or in GE’s written
quotation or proposal from time to time and (ii) confirmed in a Letter Agreement with GE for the purchase of Spare Engines or in a purchase order placed by Airline and accepted by GE-LLC. GE shall quote
such prices in 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	 	U.S. Dollars and Airline shall pay for GE-LLC or GE Products in U.S. Dollars. GE-LLC will advise Airline in writing [*****] in advance
of any changes in prices affecting a significant portion of the prices in the Catalog.     During such [*****] period, GE¬LLC shall not be obligated to accept Airline purchase orders for quantities of spare Parts in excess of
up to [*****] of Airline’s normal usage beyond the effective date of the announced price change. 

  

	B.	Spare Engines. Spare Engine prices will be quoted as base prices, subject to escalation using the appropriate GE Engine escalation provisions then in effect.     The appropriate GE escalation
provisions will be set forth in each applicable letter agreement to this Agreement. No change to such escalation provisions will apply to Airline until GE provides Airline at least [*****] prior written notice. 

ARTICLE 3 - GE PRODUCT ORDER PLACEMENT 
  

	A.	The terms and conditions set forth herein are in lieu of all printed terms and conditions appearing on Airline’s purchase orders. 

 

	B.	Airline shall place purchase orders for GE or GE-LLC Products and GE’s or GE-LLC’s acknowledgment of each purchase order shall
constitute acceptance thereof. Airline’s execution of a Letter Agreement shall, for the purchase of Spare Engines, serve as Airline’s purchase order for such Spare Engines and GE’s receipt thereof. 

ARTICLE 4 - DELIVERY, TITLE, TRANSPORTATION, RISK OF LOSS, PACKAGING OF PRODUCTS 

 

	A.	Shipment of GE Products and GE-LLC Products shall be from [*****]. 

  

	B.	Delivery of all GE Products and GE-LLC Products shall be as follows (hereinafter “Delivery”): 

 

	 	(i)	For GE Products and GE-LLC Products shipped from the U.S. to a domestic U.S. destination, Delivery of such GE Products and GE-LLC Products
shall be [*****] at [*****] described in Paragraph A of this Article; 

  

	 	(ii)	For GE Products and GE-LLC Products shipped from the U.S. to a destination outside the U.S., Delivery of such GE Products and GE-LLC
Products shall be to Airline at [*****]. Unless otherwise agreed, [*****] shall be responsible for exporting the GE Products and GE-LLC Products out of the U.S.; 

 

	 	(iii)	For GE Products and GE-LLC Products shipped from a location outside the U.S., Delivery of such GE Products and GE-LLC Products shall be
[*****] from [*****]. 

  

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
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 [*****], title to GE Products and GE-LLC Products as well as risk of loss thereof or damage
thereto shall pass to Airline. [*****] for all risk and expense in obtaining any required licenses and carrying out all customs formalities for the exportation and importation of goods in accordance with the Article titled “Government
Authorization” of this Agreement. 
  

	C.	[*****] transportation of such GE and GE-LLC Products from the point of shipment described in Paragraph A of this Article until Delivery in accordance with Paragraph 8 of this
Article. 

 ARTICLE 5 - PAYMENT FOR PRODUCTS 

Payment terms are set forth in the attached Exhibit C. 

ARTICLE 6 - GENERAL 
 Solely for purposes of
Articles 7-16 of the Agreement, the abbreviation “Seller” shall refer to both GE and GE-LLC since each entity will be subject to these terms. In addition, again solely for purposes of Articles
7-16 of the Agreement, the term “Product(s)” shall refer to both GE Product(s) and GE-LLC Product(s). 

ARTICLE 7 - TAXES AND DUTIES 
 Unless otherwise
specified in this Agreement, Seller shall be responsible for and pay directly all corporate and individual taxes measured by net income or profit imposed by any governmental authority on Seller, its employees or subcontractors in any way connected
with this Agreement (“Seller taxes”). Airline shall be responsible for and pay directly when due and payable all taxes, duties, fees, or other charges of any nature (including, but not limited to, ad valorem, consumption, excise,
franchise, gross receipts, import, license, property, sales, stamp, storage, transfer, turnover, use, or value-added taxes, and any and all items of withholding, deficiency, penalty, addition to tax, interest, or assessment related thereto), other
than Seller taxes, imposed by any governmental authority on Seller or its employees or subcontractors in any way connected with this Agreement (“Airline taxes”). All payments due and payable to Seller by Airline under this Agreement shall
be made without deduction or withholding for Airline taxes, except that if Airline shall be required by law to deduct or withhold any Airline taxes from or in respect of any amount payable by it to Seller hereunder, the amount payable by Airline
shall be increased by such amount as may be necessary so that after making all required deductions or withholdings (including deductions or withholdings with respect to any additional amounts payable pursuant to this sentence), Seller receives the
same amount that it would have received if no such deduction or withholding had been made. If Seller is nevertheless required to pay Airline taxes, Airline shall, promptly upon presentation of Seller’s invoice for the Airline taxes, reimburse
Seller for the Airline taxes. Airline shall provide to Seller on a timely basis accurate official receipts for deducted or withheld taxes. All rights to drawback of customs duties paid by Seller to the customs authorities of the country of
manufacture of any products shall belong to Seller. Airline agrees to cooperate with Seller to obtain a drawback. 9 
  

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
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 ARTICLE 8 - WARRANTY AND PRODUCT SUPPORT PLAN 

Applicable warranties are set forth in Exhibit A relating to all Engines or Parts, including Expendable Parts, either purchased by Airline directly from GE or GE-LLC or installed on Airline’s Aircraft as original equipment. Product support activities are set forth in Exhibit B. 
  

	A.	All Products, when required by the U.S. Government, shall, at time of delivery: 

  

	 	1.	Conform to a Type Certificate issued by the FAA. 

  

	 	2.	Conform to applicable regulations issued by the FAA, provided such regulations are promulgated prior to the date of acceptance by Seller of the purchase order issued by Airline for such Products in accordance with this
Agreement. 

 ARTICLE 9 - EXCUSABLE DELAY 

Seller shall not be liable or in breach of its obligations under this Agreement to the extent performance of such obligations is delayed or prevented, directly
or indirectly, by causes beyond its reasonable control, including acts of God, fire, terrorism, war (declared or undeclared), severe weather conditions, earthquakes, epidemics, material shortages, insurrection, acts or omissions of Airline or
Airline’s suppliers or agents, any act or omission by any governmental authority, strikes, labor disputes, acts or threats of vandalism or terrorism (including disruption of technology resources), transportation shortages, or vendor’s
failure to perform (each an “Excusable Delay”). The delivery or performance date shall be extended for a period equal [*****]. Seller shall use reasonable efforts to continue performance whenever such causes are removed. If Seller is
delayed by any acts or omissions of Airline or Airline’s other contractors or suppliers, Seller shall be entitled to an equitable adjustment in price and time for performance. In the event an excusable delay continues for a period of [*****] or
more beyond the scheduled delivery or performance date, Airline or Seller may, upon [*****] written notice to the other, cancel the part of this Agreement so delayed, Seller shall return to Airline all payments relative to the canceled part of this
Agreement and Airline shall pay Seller its reasonable cancellation charges in the event Airline elects to cancel the affected part of this Agreement. 

ARTICLE 10 - PATENTS 
  

	A.	Seller shall handle all claims and defend any suit or proceeding brought against Airline insofar as based on a claim that any Product furnished under this Agreement, without any alteration or further combination,
constitutes an infringement of any patent of the United States or of any patent of any other country that is signatory to Article 27 of the Convention on International Civil Aviation signed by the United States at Chicago on December 7, 1944, in
which Airline is authorized to operate or in which another airline pursuant to lawful interchange, lease or similar arrangement, operates aircraft of Airline. 

  

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	B.	Seller’s liability hereunder is conditioned upon Airline promptly notifying Seller in writing and giving Seller authority, information and assistance (at Seller’s expense) for the defense of any suit or
proceeding. In case such Product is held in such suit or proceeding to constitute infringement and the use of said Product is enjoined, Seller shall, at its own expense and at its option, either (1) procure for Airline the right to continue
using such Product; (2) replace same with satisfactory and non-infringing Product; or (3) modify same so it becomes satisfactory and non-infringing Product.
Seller shall not be responsible to Airline or to any third party, for incidental or consequential damage, including, but not limited to, costs, expenses, liabilities or loss of profits resulting from loss of use. 

 

	C.	The remedies described in Paragraphs (A) and (B) above do not apply to any Product or Part (1) not purchased by Airline from Seller (except for Products or Parts installed as Original Equipment on aircraft
owned, leased or operated by Airline); (2) that was changed, modified, or not used for its intended purpose; or (3) that was manufactured by Seller to Airline’s unique specifications or directions. 

The obligations recited in this Article shall constitute the sole and exclusive liability of Seller for actual or alleged patent infringement. 

ARTICLE 11 - DATA 
  

	A.	All Data is proprietary to and shall remain the property of Seller. All Data is provided to or disclosed to Airline in confidence, and shall neither (1) be used by Airline or be furnished by Airline to any other
person, firm or corporation for the design or manufacture or repair of any products, articles, compositions of matter, or processes, nor (2) be permitted out of Airline’s possession, or divulged to any other person, firm or corporation,
nor (3) be used in the creation, manufacture, development, or derivation of any repairs, modifications, spare parts, designs or configuration changes, or to obtain FAA or any other government or regulatory approval of any of the foregoing. Data
shall not be used for the maintenance, repair, or assessment of continued airworthiness of any products not supplied or covered under this Agreement. If GE’s written consent is given for reproduction in whole or in part, any existing notice or
legend shall appear in any such reproduction. Nothing in this Agreement shall preclude Airline from using such Data for the modification, overhaul, or maintenance work performed by Airline or by its contractor’s on Airline’s Products;
except that all repairs or repair processes that require substantiation (including, but not limited to, high technology repairs) will be the subject of a separate license and substantiated repair agreement between Seller and Airline.

  

	B.	 Seller warrants that it either owns or will secure the right for Airline to use, as set forth in this Paragraph,
software delivered as part of an Engine by Seller to Airline under this Agreement. Seller agrees to provide to Airline, as part of the delivered Engines, a copy of all software, in machine readable (object code) format, necessary solely for the
operation of Engines provided under this Agreement. Seller will provide to Airline and Airline agrees to accept and execute all necessary license agreements, if any, that are required to memorialize such rights to use such software. Airline agrees
that it shall have no rights to sublicense, 

  

					
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	 	decompile or modify any software provided by Seller without the prior express written consent of the owner of such software. Airline shall be solely responsible for negotiating any licenses necessary to secure for
Airline any additional rights in any software. 

 ARTICLE 12 - LIMITATION OF LIABILITY 

The liability of Seller to Airline arising out of, connected with, or resulting from the manufacture, sale, design, possession, use or handling of any Product
or Parts thereof or therefor (including Engines installed on Airline’s owned or leased aircraft as original equipment and engines obtained, acquired, leased or operated before or after the execution of this Agreement) or furnishing of services,
whether in contract, warranty, tort (including, without limitation, negligence, but excluding willful misconduct or gross negligence) or otherwise, shall be as set forth in this Agreement or in Exhibit A or B or in the applicable letter agreements
to the Agreement and [*****]. The foregoing shall constitute the sole remedy of Airline and the sole liability of Seller. In no event shall Seller be liable for incidental, punitive, special, indirect or consequential damages, including but not
limited to, damage to, or loss of use, revenue or profit with respect to any aircraft, engine, or part thereof. THE WARRANTIES AND GUARANTEES SET FORTH IN EXHIBIT A AND ANY APPLICABLE LETTER AGREEMENTS ARE EXCLUSIVE AND IN LIEU OF ALL OTHER
WARRANTIES AND GUARANTEES WHETHER WRITTEN, STATUTORY, ORAL, OR IMPLIED (INCLUDING WITHOUT LIMITATION ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR ANY IMPLIED WARRANTY ARISING FROM COURSE OF DEALING, COURSE OF PERFORMANCE,
OR USAGE OF TRADE). 
 For the purpose of this Article, the term “Seller” shall be deemed to include General Electric Company, its
subsidiaries (including but not limited to GE Engine Services Distribution, LLC), assigns, subcontractors, suppliers, Product co-producers, and the respective directors, officers, employees, and agents of
each. 
 ARTICLE 13 - GOVERNMENT AUTHORIZATION, EXPORT SHIPMENT 

Airline shall be responsible for obtaining any required licenses or any other required governmental authorization and shall be responsible for complying with
all U.S. and foreign government licensing and reporting requirements relating to the export of the Products. Airline shall restrict disclosure of all information and data furnished in connection with such authorization to the extent permitted by
applicable law and shall ship the subject matter of the authorization to only those destinations that are authorized by the U.S. Government. 

ARTICLE 14 - PERSONAL DATA PROTECTION 
  

	A.	“Personal Data” is any information relating to an identified or identifiable natural person or to any legal entity if such legal entity is subject to data protection legislation in their country of
incorporation (“Data Subject”). 

  

  
 [*****] Confidential material
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	B.	Airline and Seller each agree that any Personal Data obtained from the other Party will be deemed Data of the other Party as defined in this Agreement whether or not the Personal Data is publicly available.

  

	C.	Airline and Seller each represent that in providing Personal Data to one another they will comply with all applicable laws and regulations, including but not limited to providing notices to or obtaining consents from
the Data Subjects when required. 

  

	D.	Steps shall be taken to implement and maintain physical, technical and organizational measures to ensure the security and confidentiality of Personal Data in order to prevent accidental, unauthorized or unlawful access,
use, modification, disclosure, loss or destruction of Personal Data. The security measures taken shall be in compliance with applicable data protection laws and shall be adapted to the risks represented by the processing and the nature of the
personal data to be collected and/or stored. 

 ARTICLE 15 - NOTICES 

Any notices under this Agreement shall become effective upon receipt and shall be in writing and be delivered or sent by mail, courier service, personal
service or fax to the respective parties at the following addresses, which may be changed by written notice: 
  

							
	If to:	  		  	If to:	  	General Electric Company
		  		  		  	GE-Aviation
		  		  		  	One Neumann Way, M.D.                 
		  		  		  	Cincinnati, Ohio 45215-1988 USA
				
	Attn:	  		  	Attn:	  	Customer Support Manager
		  	Facsimile Number:             	  		  	Facsimile Number:                 
		  	Telephone Number:             	  		  	Telephone Number:                 
				
		  		  	If to:	  	GE Engine Services Distribution, LLC
		  		  		  	One Neumann Way, MD 111
		  		  		  	Cincinnati, OH 45215-6301
				
		  		  	Attn:	  	President
		  		  		  	Facsimile Number: (513) 552-2144
		  		  		  	Telephone Number: (513) 552-2278

 Notices will be effective and will be deemed to have been given to (or “received by”) the recipient: (A) upon
delivery, if sent by courier, express mail, or delivered personally; (B) on the next business day following receipt, if sent by facsimile; or (C) on the fifth (5th) day after posting (or on actual receipt, if earlier) in the case of a
letter sent prepaid first class mail. 
  

  

					
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 ARTICLE 16 - MISCELLANEOUS 

 

	A.	Assignment of Agreement. This Agreement may not be assigned, in whole or in part, by any Party without the prior written consent of the other Parties; except, that, (i) Airline’s consent shall not be
required for the assignment by Seller of all or a portion of the Agreement to a subsidiary of Seller and (ii) Airline shall have the right, without the prior written consent of Seller, to assign this Agreement to Airline’s parent or to one
or more wholly-owned subsidiaries of Airline’s parent, provided that each assignee shall assume all of the obligations of Airline under this Agreement and agree to become jointly and severally liable, as a Party to this Agreement, for
performance of all of the obligations of Airline under this Agreement. Airline agrees that notwithstanding any such assignment, Airline will remain liable for the performance and obligations of Airline hereunder. Any assignment in violation of this
Article shall be null, void and unenforceable 

  

	B.	Applicable Law; Venue. All aspects of this Agreement and the obligations arising hereunder will be governed in accordance with the law of the State of New York, U.S.A.; except, that New York conflict of law rules
will not apply if the result would be the application of the laws of another jurisdiction. The United Nations Convention on Contracts for the International Sale of Goods shall not apply to this Agreement. 

 

	C.	Entire Agreement; Modification. This Agreement contains the entire and only agreement between the parties, and it supersedes all pre-existing agreements between such
parties, respecting the subject matter hereof; and any representation, promise or condition in connection therewith not incorporated herein shall not be binding upon either Party. No modification or termination of this Agreement or any of the
provisions herein contained shall be binding upon the Party against whom enforcement of such modification or termination is sought, unless it is made in writing and signed on behalf of Seller and Airline by duly authorized executives.

  

	D.	 Confidentiality of Information. This Agreement and letter agreements contain information specifically for
Airline and Seller, and nothing herein contained shall be divulged by Airline or Seller to any third person, firm or corporation, without the prior written consent of the other Parties, which consent shall not be unreasonably withheld; except
(i) that Airline’s consent shall not be required for disclosure by Seller of this Agreement and letter agreements, and related information given by Airline to Seller, to an Engine program participant, joint venture participant, engineering
service provider or consultant to Seller so as to enable Seller to perform its obligations under this Agreement or letter agreements or to build the Engine or to provide informational data; (ii) to the extent required by Government agencies, by
law, or to enforce this Agreement; and (iii) to the extent necessary for disclosure to the Parties’ respective insurers, accountants or other professional advisors who must likewise agree to be bound by the provisions of this Article. In
the event (i) or (iii) occur, suitable restrictive legends limiting further disclosure shall be applied. In the event the Agreement, or other Seller information or data is required to be disclosed by or filed with government agencies by law, or
by court order, Airline shall notify Seller at least [*****] in advance of such disclosure or filing and shall cooperate fully with Seller in 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
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CONFIDENTIAL TREATMENT REQUESTED 
  

 GENERAL TERMS AGREEMENT NO. GE-I-1190636254 

 

	 	seeking confidential treatment of sensitive terms of the Agreement or such information and data. 

  

	E.	Duration of Agreement. This Agreement shall remain in full force and effect until (i) Airline ceases to operate at least [*****] powered by Engines set forth herein, or (ii) less than [*****] powered by
such Engines are in commercial airline service, or (iii) the occurrence of a material breach of the obligations set forth in Article 11. Nothing herein shall affect the rights and obligations and limitations set forth in this Agreement as to
Products ordered for delivery and work performed prior to termination of this Agreement. 

  

	F.	Survival Of Certain Clauses. The rights and obligations of the Parties under the following Articles and related Exhibits shall survive the expiration, termination, completion or cancellation of this Agreement:

 Payment for Products 

Taxes and Duties 
 Patents 

Data 
 Limitation of Liability

 Governmental Authorization, Export Shipment 

Miscellaneous 
  

	G.	Language. This Agreement, orders, Data, notices, shipping invoices, correspondence and other writings furnished hereunder shall be in the English language. 

 

	H.	Severability. The invalidity or un-enforceability of any part of this Agreement, or the invalidity of its application to a specific situation or circumstance, shall not effect the validity of the remainder of
this Agreement, or its application to other situations or circumstances. In addition, if a part of this Agreement becomes invalid, the Parties will endeavor in good faith to reach agreement on a replacement provision that will reflect, as nearly as
possible, the intent of the original provision. 

  

	I.	Waiver. The waiver by any Party of any provision, condition, or requirement of this Agreement, shall not constitute a waiver of any subsequent obligation to comply with such provision, condition, or requirement.

  

	J.	 Dispute Resolution. If any dispute arises relating to this Agreement, the Parties will endeavor to resolve
the dispute amicably, including by designating senior managers who will meet and use commercially reasonable efforts to resolve any such dispute. If the Parties’ senior managers do not resolve the dispute within [*****] of first written
request, either party may request that the dispute be settled and finally determined by binding arbitration, in accordance with the Commercial Arbitration Rules of the American Arbitration Association in New York, New York, by one or more
arbitrators appointed in accordance with the AAA Rules. The arbitrator(s) will have no authority to award punitive damages, attorney’s fees and related costs or any other damages not measured by the prevailing party’s actual damages, and
may not, in any event, make any ruling, finding or award that does not conform to the terms and conditions of the Agreement and applicable law. 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
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 GENERAL TERMS AGREEMENT NO. GE-I-1190636254 

 

	 	The award of the arbitrator(s) will be final, binding and non-appealable, and judgment may be entered thereon in any court of competent jurisdiction. All statements made or
materials produced in connection with this dispute resolution process and arbitration are confidential and will not be disclosed to any third party except as required by law or subpoena. The Parties intend that the dispute resolution process set
forth in this Article will be their exclusive remedy for any dispute arising under or relating to this Agreement or its subject matter. Either party may at any time, without inconsistency with this Article, seek from a court of competent
jurisdiction any equitable, interim, or provisional relief to avoid irreparable harm or injury. This Article will not apply to and will not bar litigation regarding claims related to a party’s proprietary or intellectual property rights, nor
will this Article be construed to modify or displace the ability of the Parties to effectuate any termination contemplated in this Agreement. 

  

	K.	Electronic Transactions. 

  

	 	(i)	Seller may grant Airline access to and use of the GE Customer Web Center (“CWC”) and/or other GE Web sites (collectively, “GE Sites”). Airline agrees that such access and use shall be
governed by the applicable GE Site Terms and Conditions, provided, however, that in the event of a conflict with the provisions of this Agreement, this Agreement shall govern. 

 

	 	(ii)	Seller may permit Airline to place purchase orders for certain Products on the GE Sites by various electronic methods (“Electronic POs”). The Parties agree that such Electronic POs a) constitute legally valid,
binding agreements; b) have the same force and effect as purchase orders placed in paper format signed by Airline in ink; and c) are subject to the terms and conditions hereof. 

 

	 	(iii)	Seller may permit Airline to access certain technical Data through the CWC, including, but not limited to GE technical publications under the terms and conditions of this Agreement. Airline shall be responsible for
contacting its FAA representative for guidelines on the use of such electronic technical data. 

  

	 	(iv)	Airline represents and warrants that any employee or representative who places Electronic POs or accesses Data through the CWC is authorized by Airline to do so and has obtained a login name(s) and password(s) through
the GE Site registration process. Seller shall be entitled to rely on the validity of a login name or password unless notified otherwise in writing by Airline. 

Counterparts: This Agreement may be signed by the Parties in separate counterparts, and any single counterpart or set of counterparts, when
signed and delivered to the other Parties shall together constitute one and the same document and be an original Agreement for all purposes. 
  

  

					
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 GENERAL TERMS AGREEMENT NO. GE-I-1190636254 

 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and the year first
above written. 
  

							
	CANELA INVESTMENTS LLC	 		 		 	GENERAL ELECTRIC COMPANY
				
	By: /s/ Gerald B. Lee	 		 		 	By: /s/ Illegible
	Typed Name: Gerald B. Lee	 		 		 	Typed Name: DOUGLAS J. IZARRA
	Title: Managing Director	 		 		 	Title: GENERAL MANAGER SALES
	Date: 9/25/08	 		 		 	Date: 9-25-2008
				
		 		 		 	 GE ENGINE SERVICES
 DISTRIBUTION,
LLC

				
		 		 		 	By: /s/ Illegible
		 		 		 	Typed Name: DOUGLAS J. IZARRA
		 		 		 	Title: GENERAL MANAGER SALES
		 		 		 	Date: 9-25-2008

  

					
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EXHIBIT A 

[*****] ENGINE WARRANTY PLAN 

SECTION I - WARRANTIES 
  

	A.	New Engine Warranty 

  

	 	1.	GE warrants each new Engine and Module against Failure for the initial [*****] Flight Hours as follows: 

  

	 	a.	[*****] will be granted for any Failed Parts. 

  

	 	b.	[*****] for disassembly, reassembly, test and Parts Repair of any new Engine part will be granted for replacement of Failed Parts. 

  

	 	c.	Such [*****] will be: [*****] from new to [*****] Flight Hours and decreasing pro rata from [*****] at [*****] Flight Hours to [*****] at [*****] Flight Hours. 

 

	 	2.	As an alternative to the above [*****], GE shall upon request of Airline: 

  

	 	a.	Arrange to have Engines and Modules suffering Failure repaired per the terms of paragraph 1 above, at a facility designated by GE. 

  

	B.	New Parts Warranty 

 In addition to the warranty granted for new Engines and Modules GE
warrants Parts as follows: 
  

	 	1.	During the first [*****] Flight Hours for such Parts GE will grant [*****] for repair labor for Failed Parts. 

  

	 	2.	GE will grant a pro rata [*****] for Scrapped Parts decreasing from [*****] at [*****] Flight Hours Part Time to [*****] at the applicable hours designated in the applicable Engine Parts Table set forth in Attachment I
to this Exhibit A. 

  

	C.	Ultimate Life Warranty 

  

	 	1.	GE warrants Ultimate Life limits on a Part for which a FAA imposed Ultimate Life limitation is published. 

  

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	 	2.	GE will grant a pro rata [*****] of [*****] when new, decreasing pro rata from [*****] when new to [*****] at [*****] Flight Cycles and [*****] when new to [*****] Flight Cycles for HPT Components if the Engine is the
[*****]. Credit will be granted only when such Parts are permanently removed from service by a U.S. Government or ANAC imposed Ultimate Life Limitation of less than [*****] Flight Cycles or [*****] Flight Cycles for HPT Components if the Engine is
the [*****]. Credit will not be granted under this Ultimate Life Warranty for any individual Failure or other cause not related to the total usage capability of all such Parts in Airline service. 

 

	D.	Campaign Change Warranty 

  

	 	1.	A campaign change will be declared by GE when a new Part design introduction, Part modification, Part Inspection, or premature replacement of an Engine or Module is required by a time compliance GE Service Bulletin
implementing an Airworthiness Directive. GE will grant the following [*****]: 

  

	 	(i)	[*****] for Parts in inventory or removed from service when new or with [*****] Flight Hours or less total Part Time. 

  

	 	(ii)    [*****]	for Parts in inventory or removed from service with over [*****] Flight Hours since new, regardless of warranty status. 

  

	 	2.	[*****] – GE will grant [*****] for disassembly, reassembly, modification, testing, or Inspection of GE-supplied Engines, Modules or Parts therefor when such action is
required to comply with a mandatory time compliance GE Service Bulletin implementing an Airworthiness Directive implementing an Airworthiness Directive. 

  

	 	3.	Life controlled Parts which are set forth in the Ultimate Life Warranty and which are retired by Ultimate Life limits including FAA Airworthiness Directive, are [*****] from Campaign Change Warranty. 

 

	E.	Warranty Pass-On 

 If requested by Airline and
consented to by GE in writing, which consent will not be unreasonably withheld, GE will permit assignment of the warranty support for Engines sold by Airline to commercial Airline operators, or to other aircraft operators. Such warranty support will
be limited to Engines or Parts which were purchased under this Agreement or to initially installed Engines purchased by Airline from the Aircraft manufacturer and apply to the unexpired portion of the New Engine Warranty, New Parts Warranty,
Ultimate Life Warranty, Campaign Change Warranty, Vendor Back-Up Warranty, and Vendor Interface Warranty (collectively, the “Engine Warranties”), and will require such operator(s) to agree

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
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in writing to be bound by and comply with all the terms and conditions, including the limitations, applicable to the Engine Warranties. 

Seller’s consent shall not be required for the assignment by Airline to one or more financing institutions of Airline’s rights to the
Engine Warranties, each such assignment made in respect to Airline’s initial financing of one or more new Aircraft or spare Engine(s), as the case may be. In exercising any rights under such Engine Warranties, such assignee shall be
conclusively deemed to have accepted the applicable terms and conditions of this GTA, including the limitations, applicable to the Engine Warranties. The exercise by such assignee of any rights to the Engine Warranties shall not release Airline from
any of its duties or obligations to Seller under this GTA except to the extent of actual performance by the assignee. Seller’s liability to either or both Airline and its assignee shall not be increased, duplicated or multiplied in any way by
reason of such assignment. Airline shall provide the assignee an extracted copy of the terms and conditions of this GTA (including a copy of this paragraph) applicable to the Engines Warranties. Seller’s consent to the assignment under the
foregoing terms shall be deemed fulfilled, without further action by the Seller, upon receipt by Seller of Airline’s written notice identifying the assignee of the Engine Warranties. 

 

	F.	Vendor Back-Up Warranty 

  

	 	1.	GE controls and accessories vendors provide a warranty on their products used on GE Engines. This warranty applies to controls and accessories sold to GE for delivery on installed or spare Engines and controls and
accessories sold by the vendor to Airline on a direct purchase basis. In the event the controls and accessories suffer a failure during the vendor’s warranty period, Airline will submit a claim directly to the vendor in accordance with the
terms and conditions of the vendor’s warranty. 

  

	 	2.	In the event a controls and accessories vendor fails to provide a warranty at least as favorable as the GE New Engine Warranty (for complete controls and accessories) or New Parts Warranty (for components thereof), or
if provided, rejects a proper claim from Airline, GE will intercede on behalf of Airline to resolve the claim with the vendor. In the event GE is unable to resolve a proper claim with the vendor, GE will honor a claim from Airline under the
provisions and subject to the limitations of GE’s New Engine or New Parts Warranty, as applicable. Settlements under Vendor Back-Up Warranty will exclude credits for resultant damage to or from controls and accessories procured directly by
Airline from vendors. 

  

	G.	Vendor Interface Warranty 

 Should any control or accessory, for which GE is responsible,
develop a problem due to its environment or interface with other controls and accessories or with an Engine, Module or equipment supplied by the aircraft manufacturer, GE will be responsible for initiating corrective action. If the vendor disclaims
warranty responsibility for Parts requiring 

  

					
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replacement, GE will apply the provisions of its New Parts Warranty to such Part whether it was purchased originally from GE or directly from
the vendor. 
  

	H.	THE WARRANTIES SET FORTH HEREIN ARE EXCLUSIVE AND IN LIEU OF ALL OTHER WARRANTIES, WHETHER WRITTEN, STATUTORY, ORAL, OR IMPLIED (INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A
PARTICULAR PURPOSE OR ANY IMPLIED WARRANTY ARISING FROM COURSE OF DEALING, COURSE OF PERFORMANCE, OR USAGE OF TRADE). 

 SECTION II
- GENERAL CONDITIONS 
  

	A.	Airline will maintain adequate operational and maintenance records and make these available for GE inspection. 

  

	B.	GE will deny a claim under any of the Warranty provisions, and the Warranty provisions will not apply if: 

  

	 	(1)	such claim resulted from the subject Engine, Module or any Parts thereof: 

  

	 	•	 	Not being properly installed or maintained in accordance with GE recommendations; or 

  

	 	•	 	Being operated contrary to applicable GE recommendations as contained in its Manuals, Bulletins, or other written instructions effective at the time; or 

 

	 	•	 	Being repaired or altered in such a way as to impair its safety of operation or efficiency; or 

  

	 	•	 	Being subjected to misuse, neglect or accident; or 

  

	 	•	 	Being subjected to Foreign Object Damage; or 

  

	 	•	 	Being subjected to any other defect or cause (whether sole or contributory) not within the control of GE; or 

  

	 	•	 	Not incorporating all mandatory service bulletins related to the cause or failure. 

  

	C.	 The express provisions herein set forth the maximum liability of GE with respect to all claims of any kind under
this Exhibit A, including, without limitation, contracts, warranty, tort and negligence arising out of the manufacture, design, sale, possession, use or handling of the Products (including Engines installed on Airline’s owned or leased aircraft
as original equipment and engines obtained, acquired, leased or operated before or after the execution of this Agreement) or Parts thereof or therefor, and [*****] GE’s liability to Airline [*****] of the Engine, service or other thing giving
rise to Airline’s claim. 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	 	In no event shall GE be liable for incidental, special, punitive or consequential damages. For the purpose of this Section II, the term “GE” shall be deemed to include the General Electric Company, its
subsidiaries, assigns, subcontractors, suppliers, Product co-producers, and the respective directors, officers, employees, and agents of each. If Airlines uses non-GE
Parts or non- GE approved repairs and such parts or repairs cause personal injury, 

death or property damage to third parties, Airline shall indemnify and hold harmless GE from all claims and liabilities connected therewith.
This indemnification shall survive termination of this Agreement. 
  

	D.	Airline shall apprise GE of any Failure within [*****] after the discovery of such Failure in order to make a claim under a Warranty with respect to such Failure. Such notice shall include a delineation of all other
products or parts not supplied by GE which have been incorporated into the Engine that may have contributed to the Failure or that are involved with the operation of the module in which the Failure occurred. Any Part for which a [*****] is requested
by Airline shall be returned to GE upon specific request by GE and must be accompanied by sufficient information to identify the Part and the reason for its return. In such event, upon return to GE, such Part shall become the property of GE unless
GE directs otherwise. Transportation expenses shall be borne by GE. 

  

	E.	The warranty applicable to a replacement Part provided under the terms of the New Engine Warranty or New Parts Warranty shall be the same as the warranty on the original Part. The unexpired portion of the applicable
warranty will apply to Parts repaired under the terms of such warranty. 

  

	F.	Airline will cooperate with GE in the development of Engine operating practices, repair procedures, and the like with the objective of improving Engine operating costs. 

 

	G.	If compensation becomes available to Airline under more than one warranty or other Engine program consideration, Airline [*****] receive [*****] compensation but will receive the [*****] to Airline under [*****]
warranty or other program consideration. 

  

	H.	Any repair which is performed without the prior authorization of GE will not be covered by the applicable warranty. 

  

	I.	Should Airline elect to have a Part repaired under Section I.A.2, transportation to and from repair facilities shall be paid by Airline; provided however, if Airline made such election due to a long lead time for such
Part such that requesting repair of the Part would better fulfill Airline’s immediate need, transportation to and from repair facilities shall be shared equally between GE and Airline. 

 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
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ATTACHMENT I 
  

					
	 	 	 Parts Time (Hours)
	 
	 	 	[*****] [*****]	 
		
	 Fan Rotor/Booster
	 			
	 Disk, Spool
	 	 	[*****]	 
	 Shaft
	 	 	[*****]	 
	 Spinner
	 	 	[*****]              	 
		
	 Fan Frame
	 			
	 Casings
	 	 	[*****]	 
	 Hub & Struts
	 	 	[*****]	 
	 Fairings
	 	 	[*****]              	 
	 Splitter
	 	 	[*****]              	 
	 Mount
	 	 	[*****]	 
		
	 #1 and #2 Bearing Support
	 			
	 Bearings
	 	 	[*****]              	 
	 Support
	 	 	[*****]              	 
		
	 Inlet Gearbox and #3 BRG
	 			
	 Bearings
	 	 	[*****]              	 
	 Gear
	 	 	[*****]              	 
	 Case
	 	 	[*****]              	 
		
	 Compressor Rotor
	 			
	 Disk and Spools
	 	 	[*****]	 
	 Shaft
	 	 	[*****]	 
		
	 Compressor Stator
	 			
	 Casings
	 	 	[*****]	 
	 Variable Stator Actuating Rings
	 	 	[*****]              	 
	 Shrouds
	 	 	[*****]              	 
		
	 Combustor Diffuser Nozzle (CDN)
	 			
	 Casings
	 	 	[*****]              	 
	 Combustor Liners
	 	 	[*****]              	 
	 Fuel Atomizer
	 	 	[*****]              	 
	 HPT Nozzle Support
	 	 	[*****]              	 
		
	 HPT Rotor
	 			
	 Disk
	 	 	[*****]	 
	 Forward Seal
	 	 	[*****]	 
	 Shaft
	 	 	[*****]	 
	 Retaining Ring
	 	 	[*****]              	 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	 	  	Parts Time (Hours)	 
		
		  	 
	[*****] [*****]
	 

		
	 LP Turbine
	  			
	 Casing
	  	 	[*****]	 
	 Vane Assembles
	  	 	[*****]              	 
	 Interstage Seals
	  	 	[*****]              	 
	 Disks
	  	 	[*****]	 
	 Shaft
	  	 	[*****]	 
	 Bearings
	  	 	[*****]              	 
		
	 Turbine Frame
	  			
	 Casings and Struts
	  	 	[*****]              	 
	 Hub
	  	 	[*****]              	 
	 Sump
	  	 	[*****]              	 
	 Mount
	  	 	[*****]	 
		
	 Accessory and Drive Gearboxes
	  			
	 Case
	  	 	[*****]              	 
	 Shafts
	  	 	[*****]              	 
	 Gears
	  	 	[*****]              	 
	 Bearings
	  	 	[*****]              	 

 * Warranty Parts List may change 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
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EXHIBIT B 

PRODUCT SUPPORT PLAN 
 SECTION
I - SPARE PARTS PROVISIONING 
  

	A.	Provisioning Data 

  

	 	1.	In connection with Airline’s initial provisioning of spare Parts, GE or GE-LLC shall furnish Airline with data in accordance with ATA Specification 2000 using a
revision mutually agreed to in writing by GE and Airline. 

  

	B.	Return Of Parts 

 Airline shall have the right to return to GE-LLC, at GE-LLC’s expense, any new or unused Part which has been shipped in excess of the quantity ordered or which is not the part number ordered or which
is in a discrepant condition except for damage in transit. 
  

	C.	Parts Buy-Back 

 Within the first [*****] after delivery of the [*****] aircraft to
Airline, GE-LLC will agree (i) to repurchase at the invoiced price, any initially provisioned spare Parts purchased from GE-LLC which GE-LLC
recommended that Airline purchase, in the event Airline finds such Parts to be surplus to Airline’s needs; or (ii) to exchange with Airline the equivalent value thereof in other spare Parts. Such Parts must be new and unused, in
original GE packaging, and shall meet GE inspection requirements. Parts which become surplus to Airline’s needs by reason of Airline’s decision to upgrade or dispose of Products are excluded from this provision unless such upgrade was done
at GE’s suggestion to address the reliability of Parts already purchased by Airline. Shipping costs for Parts returned will be [*****]. 
  

	D.	Parts of Modified Design 

  

	 	1.	GE-LLC shall have the right to make modifications to design or changes in the spare Parts sold to Airline hereunder. 

 

	 	2.	GE-LLC will from time to time inform Airline in accordance with the means set forth in ATA Specification 2000, when such spare Parts of modified design become available for
shipment hereunder. 

  

	 	3.	 Spare Parts of the modified design will be supplied unless Airline advises
GE-LLC in writing of its contrary desire within [*****] of the issuance of the Service Bulletin specifying the change to the modified Parts. In such event, Airline may

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
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	 	negotiate for the continued supply of spare Parts of the pre-modified design at a rate of delivery and price to be agreed upon. 

  

	E.	Spare Parts Availability 

  

	 	1.	GE-LLC will maintain a stock of spare Parts to cover Airline’s emergency needs. For purposes of this Paragraph, emergency is understood by GE-LLC and Airline to
mean the occurrence of any one of the following conditions: 

  

							
	 AOG
	  	 	–	 	  	Aircraft on Ground
	 Critical
	  	 	–	 	  	Imminent AOG or Work Stoppage
	 Expedite
	  	 	–	 	  	Less than Normal Lead Time

 Airline will order spare Parts according to lead time as provided in Paragraph 1. above, but should
Airline’s spare Parts requirements arise as a result of an emergency, Airline can draw such spare Parts from GE-LLC’s stock. A 24-hour Customer Response
Center is available to Airline for this purpose. If an emergency does exist, GE-LLC will use its best efforts to ship required spare Part(s) within the time period set forth below following receipt of
an acceptable purchase order from Airline: 
  

							
	 AOG
	  	 	–	 	  	[*****]
	 Critical
	  	 	–	 	  	[*****]
	 Expedite
	  	 	–	 	  	[*****]

 Should Airline execute a long-term exclusive service agreement with GE Engine Services, Inc. then GE will make
all reasonable efforts to have Airline’s spare Parts orders fulfilled by GE Celma so to improve the response times listed above. 
 Airline shall
provide GE with spare Parts provisioning forecasts, updated at least [*****], specifying projected requirements to cover at least the following [*****] period. Airline agrees to promptly notify GE in the event the Airline will not achieve such
projected requirements. If Airline does not supply such forecast provisioning then GE may modify the spare Part lead time currently defined in the Spare Parts Catalog. 

SECTION II - TECHNICAL PUBLICATIONS AND DATA 

GE will furnish, [*****], technical manuals, including revisions thereof, to Airline. Technical manuals shall be furnished by GE to Airline in
mutually agreed upon quantities. All technical manuals provided by GE shall be in the English language and in accordance with mutually agreed upon provisions of the ATA Specification. 

SECTION III - TECHNICAL TRAINING 
  

	A.	Introduction 

  

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
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GE shall make technical training available to Airline, at GE’s designated facilities. Details on scope, quantity, materials, and planning
shall be as mutually agreed. 
  

	B.	Scope 

 The training furnished under this Agreement shall be as follows: 

 

	 	•	 	Product – as previously defined in this Agreement. 

  

	 	•	 	Quantity – [*****] to Airline for [*****] to Airline for each additional aircraft. 

  

	 	•	 	Courses – detailed in training catalog (www.geae.com/training). 

 * [*****] 

The Customer Support Manager, in conjunction with appropriate GE Training representatives, will be available to conduct a review session with
Airline to schedule required training. To assure training availability, such review shall be conducted [*****] prior to the delivery date of the [*****] aircraft. 
  

	C.	Training Location 

 Unless arranged otherwise with GE concurrence, training shall be
provided by GE in English at one or more of the GE designated facilities identified in the training catalog. 
 If an alternate site is
desired, GE will furnish a quotation with following minimum conditions that must be met in order to deliver “equivalent” training at the alternate site. 
  

	 	1.	Airline will be responsible for providing acceptable classroom space and equipment – including engines, special tools, and hand tools required to conduct the training. 

 

	 	2.	Airline will pay GE’s travel and living charges for each GE instructor for each day, or fraction thereof, such instructor is away from GE’s designated facility, including travel time. 

 

	 	3.	Airline will pay for round-trip transportation for GE’s instructors and shipment of training materials between the designated facility and such alternate training site. 

Should Airline execute a long-term exclusive service agreement with GE Engine Services, Inc. then GE will make all reasonable efforts to
conduct as much training as feasible at the GE Celma facility located in Brazil. 
  

	D.	Airline Responsibility 

 During engine maintenance training at any of the GE designated
facilities, Airline shall be responsible for any expenses of Airline’s trainees such as: 
  

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
	 	  	 	  	 B-3

		  	GE PROPRIETARY INFORMATION	  	
		  	(subject to restrictions on cover page)	  	

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

	 	•	 	Air and ground transportation expenses 

  

	 	•	 	Lodging (hotel accommodations) 

  

	 	•	 	Meals 

  

	 	•	 	All Medical – physicians, medication, emergencies, etc. 

  

	 	•	 	Other various and sundry expenses (visits to other businesses, entertainment, etc.). 

 Airline
will be responsible for shipping costs of training materials in all cases. 
 SECTION IV - CUSTOMER SUPPORT AND SERVICE 

 

	A.	Customer Support Manager 

 GE shall assign to Airline [*****], a Customer Support Manager
located at GE’s factory to provide and coordinate appropriate liaison between the Airline and GE’s factory personnel. 
  

	B.	Field Support 

 GE shall make available to Airline, [*****], field service representation
at Airline’s facility. GE will provide the level of representation required to ensure that GE is able to expeditiously and accurately deliver data that is required to resolve technical issues. 

GE will also assist with the introduction of new aircraft/Engines into Airline’s fleet, resolution of unscheduled maintenance actions,
product scrap approval, and rapid communication between Airline’s maintenance base and GE’s factory personnel. Throughout the operation of these Engines, the Customer Support Center (“CSC”) and the Customer Web Center
(“CWC”) will augment support [*****]. 
 SECTION V - ENGINEERING SUPPORT 

GE shall make factory based engineering support available, [*****], to Airline, for typical powerplant issues. 

SECTION VI - PERFORMANCE TREND MONITORING 
 GE will
also provide the standard diagnostics services set forth in Exhibit D. 
 SECTION VII - GENERAL CONDITIONS – PRODUCT SUPPORT PLAN 

 

	A.	 All support provided by GE above, is provided to Airline exclusively for the maintenance and overhaul by Airline
of Airline’s Products provided that such Products are operated in the original Engine configuration, or in a modified Engine configuration which does not, directly or indirectly, affect such Products or in an Engine configuration that has been
approved by GE. The support provided herein may not be utilized for any other purpose, or 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
	 	  	 	  	 B-4

		  	GE PROPRIETARY INFORMATION	  	
		  	(subject to restrictions on cover page)	  	

 Execution version 
  

	 	assigned or otherwise transferred to any third party, without the written consent of GE, which consent may be exercised by GE in its sole discretion. Technical support for shops offering engine maintenance and overhaul
services to third party customers is available from GE directly. 

  

	B.	Airline will maintain adequate operational and maintenance records with respect to Products and make these available for GE inspection. 

 

	C.	This Product Support Plan is subject to the provisions of the Article titled “Limitation of Liability” of the Agreement to which this Exhibit B is attached. 

 

	D.	Airline will cooperate with GE in the development of Engine operating practices, repair procedures, and the like with the objective of improving Engine operating costs. 

 

	E.	Except as provided in the Warranty Pass-On provisions in Paragraph E of Exhibit A of the Agreement to which this Exhibit B is attached and the assignment provisions in Article
16.A of this Agreement, this Product Support Plan applies only to the original purchaser of the Engine except that installed Engines supplied to Airline through the aircraft manufacturer shall be considered as original Airline purchases covered by
this Product Support Plan. 

  

					
	 	  	 	  	B-5
		  	GE PROPRIETARY INFORMATION	  	
		  	(subject to restrictions on cover page)	  	

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT C 

PAYMENT TERMS 
  

	A.	Airline shall make payment in United States Dollars and in immediately available funds. Payment will be effective upon receipt thereof. 

 

	 	•	 	For spare Engines and Modules: 

  

	 	-	[*****] prior to a scheduled delivery date, GE shall render to Customer an invoice for [*****] of the base price (unescalated) which Customer shall pay within [*****] of the date of the invoice; and 

 

	 	-	Payment of the balance, [*****] amount for price escalation to the month of scheduled delivery, if any, shall be made at [*****] of each item. 

 

	 	-	Solely for administrative purposes (including shipping, export and taxation requirements), Customer shall have the right to place, and GE shall have the right to require, a purchase order reflecting the Customer
commitment to purchase a Spare Engine or Module as contained in the applicable Letter Agreement. For avoidance of doubt, placement of such purchase order shall not affect the payment obligation of Customer specified above, or the shipment obligation
of GE as set forth in the applicable Letter Agreement. 

  

	 	•	 	For special tools and test equipment, payment of the selling price shall be made at time of delivery thereof. 

  

	 	•	 	For spare Parts including Expendable Parts, payment shall be made [*****]. 

  

	B.	All invoicing and payments (including payment details) hereunder shall be transmitted electronically to GE’s bank account as notified by GE on its invoices. 

 

	C.	If delivery hereunder is delayed by Airline, payment shall be made based on the delivery schedule set forth in the applicable Letter Agreement. 

 

	D.	GE may establish different payment terms in the event Airline consistently fails to make payment according to the terms set forth above. 

 

	E.	If Airline fails to make any of the foregoing payments when due, Airline will also pay to GE, without prejudice to any other rights available to GE under this Agreement, interest on any late payment, calculated from the
payment due date to the date of actual remittance. Interest will be computed at [*****], but in no event will the rate of interest be greater than the highest rate then permitted under applicable law. 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
	 	  	 	  	C-1
		  	GE PROPRIETARY INFORMATION	  	
		  	(subject to restrictions on cover page)	  	

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

EXHIBIT D 

STANDARD DIAGNOSTICS SERVICES 
  

	1.	DIAGNOSTICS SERVICE ELEMENTS 

  

	 	A.	Diagnostics Services. GE shall provide the following services (hereinafter “Services”) to Airline in support of the Engines [*****] to the Airline: 

 

	 	1.	Base Service Elements. 

  

	 	a.	Engine condition data will be automatically processed by [*****] when received at the designated GE facility. GE will be responsible for operating and maintaining the [*****] and the necessary facilities.

  

	 	b.	Significant shifts in Engine condition data trends will be automatically detected and notice of said shifts (“Alerts”) will be sent to Airline via email. 

 

	 	c.	Airline will be given access to web-based tools for reviewing Engine condition data, managing Alerts and assessing Engine health. 

 

	 	d.	[*****] for Engine condition monitoring trend shift observation, including engineering review, analysis, and recommendations will be provided to Airline as required on a [*****] basis. 

 

	 	2.	GE will identify a Service integration team leader to provide initial program set-up, and provide technical support necessary to assist the Airline in meeting Airline obligations
specified in Article 2. 

  

	 	3.	As a part of the above Services, GE shall review only the data and messages delivered by Airline in accordance with Section 2 needed to perform the Services. 

 

	 	4.	GE and Airline agree that any information provided to Airline by GE for use in trending, performance analysis, troubleshooting, and managing operations are advisory only. 

 

	2.	AIRLINE’S RESPONSIBILITY UNDER THE DIAGNOSTICS PROGRAM 

  

	 	A.	Airline (or Airline’s operator by delegation of this responsibility) shall: 

  

	 	1.	Provide GE all information and records requested by GE that are reasonably necessary for GE to establish and provide the Service (including, but not limited to, avionics specifications, aircraft/engine maintenance
history, engine configuration information, etc.). To the extent that such information and records are not owned by Airline, Airline represents and warrants that it has full authorization to disclose such information and records to GE and that GE has
the right to use such information and records for all of the purposes that they are provided to GE by Airline, including fulfilling GE’s obligations under this Agreement. 

 

	 	2.	Make available to GE data used in the monitoring and diagnostics of Engines eligible for coverage. Airline will authorize Airline’s
air-to-ground service provider to forward the data directly to the [*****]. 

  

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
	 	  	 	  	D-1
		  	GE PROPRIETARY INFORMATION	  	
		  	(subject to restrictions on cover page)	  	

 Execution version 
  

CONFIDENTIAL TREATMENT REQUESTED 
  

If air-to-ground equipment is not available, GE will work with the Airline to establish means such
that the data is provided with minimal manual intervention. 
  

	 	3.	Access the Service via the GE Extranet. A web browser, an internet service provider and a userid/password (supplied by GE) is required. Such access shall be subject to the then-current GE Extranet Terms and Condition as
provided on the GE Extranet site. 

  

	 	4.	It remains the sole responsibility of Airline to conclusively identify and resolve aircraft and Engine faults or adverse trends and make all maintenance decisions affecting Airline aircraft. GE and Airline agree that
this allocation of responsibility is reflected in the price of the Service. 

  

	 	B.	Airline acknowledges that the Services performed hereunder may be conducted by GE affiliates outside of the U.S., and that there is no prohibition on GE’s export of Customer data for such purposes.

  

	3.	WARRANTY 

  

	 	A.	GE warrants to Airline that technical information and/or data furnished pursuant to the Diagnostics Services shall conform, as of the time and date of delivery, to the information provided by Airline and used by GE. If
any technical information and/or data furnished by GE hereunder does not meet this requirement and Airline so notifies GE within the time of performance hereunder, GE shall correct the discrepancy, at its cost, by providing corrected data. The above
limited warranty does not extend to data received but not reviewed by GE. 

  

	 	B.	It is understood that any information provided to Airline by GE for use in trending, performance analysis, troubleshooting, and managing operations is advisory only. Information contained in or generated by the Service
represents an estimate based upon generally available fleet data or variable data furnished by Airline. 

  

	 	C.	THE FOREGOING DIAGNOSTICS SERVICE WARRANTY IS EXCLUSIVE AND IN LIEU OF ALL OTHER WARRANTIES, WHETHER WRITTEN, ORAL, EXPRESSED, IMPLIED OR STATUTORY (INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR
FITNESS FOR PARTICULAR PURPOSE.) 

  

	4.	ASSIGNMENT 

 Airline shall be permitted with GE’s consent (not to be unreasonably
withheld) to authorize a third party service provider to have access to [*****] for the sole purpose of managing the use of [*****] with regard to Airline’s Engines on behalf of Airline, provided that, Airline and the third party service
provider execute a Notice of Authorization and Agreement in a form to be provided by GE upon Airline’s request, providing (1) written notice to GE of such authorization, and (2) the third party service provider’s agreement in
writing to accept the terms and conditions of this Agreement as if the third party service provider was the Airline hereunder. System access by a third party service provider pursuant to such 

  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

					
	 	  	 	  	D-2
		  	GE PROPRIETARY INFORMATION	  	
		  	(subject to restrictions on cover page)	  	

 Execution version 
  

authorization shall be limited to the features for data entry, plotting and configuration updates. In no event shall such third parties have
access to other features of the system, including without limitation, real-time viewing, root-cause analysis, customized reporting or alarm configurations. In no event
shall any such authorization by Airline and agreement by the third party service provider increase, duplicate or expand GE’s obligations, liability or any available remedies hereunder. 

  

					
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		  	GE PROPRIETARY INFORMATION	  	
		  	(subject to restrictions on cover page)

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