Document:

al_Ex10_5

		
			EXHIBIT 10.5
		

		
			 
		

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

		
			 
		

		
			AMENDMENT AND RESTATEMENT AGREEMENT OF
		

		
			 
		

		
			LETTER AGREEMENT N°1 TO AMENDMENT N°10
		

		
			 
		

		
			TO THE AIRBUS A350 FAMILY PURCHASE AGREEMENT
		

		
			 
		

		
			BETWEEN
		

		
			 
		

		
			AIRBUS S.A.S.
		

		
			as Seller
		

		
			 
		

		
			and
		

		
			 
		

		
			AIR LEASE CORPORATION
		

		
			as Buyer
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

			

					

						 

					

					

						 

				
	

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						Private & Confidential

				
	

					

						Amendment and Restatement Agreement of Letter Agreement N°1 to Amendment N°10

					

					

						 

				
	

					

						Ref. CLC-CT1900913

					

					

						 

				

		

			 

		

		

			1 / 9

		

		

		
			 
		

		
			This amendment and restatement agreement of Letter Agreement N°1 to Amendment N°10 to the Purchase Agreement (hereinafter referred to as the "Restatement Agreement") is entered into as of April 26, 2019, between
		

		
			AIRBUS S.A.S., a Société par Actions Simplifée organised and existing under the laws of the Republic of France, having its registered office at 2, Rond-Point Emile Dewoitine, 31700 Blagnac, France (the "Seller"),
		

		
			and
		

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

		
			The Buyer and the Seller together are referred to as the “Parties”.
		

		
			WHEREAS:
		

		
			 
		

		
			A.   The Buyer and the Seller have signed a purchase agreement with reference CLC-CT1103521 on the 01 February 2013 for the manufacture and sale by the Seller and purchase by the Buyer of twenty-five (25) firm A350 Family aircraft hereinafter together with its Exhibits and Letter Agreements referred to as the “Purchase Agreement”.
		

		
			 
		

		
			B.   On 03 March 2015, the Buyer and the Seller entered into an Amendment N°1 to the Purchase Agreement to modify the terms and conditions with respect to certain A350XWB Family Aircraft.
		

		
			 
		

		
			C.   On 03 March 2015, the Buyer and the Seller entered into an Amendment N°2 to the Purchase Agreement in order to, among other things, provide for the manufacture and sale by the Seller and purchase by the Buyer of one (1) incremental A350-900 Aircraft.
		

		
			 
		

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

		
			 
		

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

		
			 
		

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

		
			 
		

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

		
			 
		

		
			H.   On 31 July 2017, the Buyer and the Seller entered into an Amendment N°7 to the
		

		
			
		

		
			

		 

		

			 

		

			

					

						 

					

					

						 

				
	

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						Private & Confidential

				
	

					

						Amendment and Restatement Agreement of Letter Agreement N°1 to Amendment N°10

					

					

						 

				
	

					

						Ref. CLC-CT1900913

					

					

						 

				

		

			 

		

		

			2 / 9

		

		

		
			Purchase Agreement in order to [*].
		

		
			 
		

		
			I.    On 27 December 2017, the Buyer and the Seller entered into an Amendment N°8 to the Purchase Agreement in order to [*].
		

		
			 
		

		
			J.    On June 1 2018, the Buyer and the Seller entered into an Amendment N°9 to the Purchase Agreement in order to [*].
		

		
			 
		

		
			K.   On 31 December 2018, the Buyer and the Seller agreed to [*].
		

		
			 
		

		
			L.   In conjunction with the Buyer’s and the Seller’s agreement in paragraph K above, the Buyer and the Seller have entered into an amendment N° 5 to the A330 Agreement dated as of 31 December 2018 to provide for [*].
		

		
			 
		

		
			M.  On 31 December 2018, the Buyer and the Seller entered into an Amendment N°10 to the Purchase Agreement in order to, among other things, (i) provide the terms under which the Seller shall manufacture and sell and the Buyer shall purchase three (3) incremental A350-900 aircraft and one (1) A350-1000  aircraft and (ii) [*].
		

		
			 
		

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

		
			 
		

		
			N.   The Buyer and the Seller now wish to amend and restate the Original Letter Agreement in order to cancel and replace clause 4 of the Original Letter Agreement.
		

		
			 
		

		
			NOW IT IS HEREBY AGREED AS FOLLOWS:
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

			

					

						 

					

					

						 

				
	

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						Private & Confidential

				
	

					

						Amendment and Restatement Agreement of Letter Agreement N°1 to Amendment N°10

					

					

						 

				
	

					

						Ref. CLC-CT1900913

					

					

						 

				

		

			 

		

		

			3 / 9

		

		

		
			1          DEFINITIONS AND INTERPRETATION
		

		
			1.1       Except as otherwise defined in this Restatement Agreement, all words and expressions defined in the Revised Letter Agreement (including definitions incorporated by reference to another document) shall have the same respective meanings when used in this Restatement Agreement.
		

		
			1.2       In this Restatement Agreement, the following words and expressions shall, except where the context otherwise requires, have the following respective meanings:
		

		
			Original Letter Agreement means the Letter Agreement N°1 to Amendment N°10 to the Purchase Agreement, dated 31 December 2018 and entered into between the Buyer and the Seller.
		

		
			Revised Letter Agreement means the Original Letter Agreement, as amended and restated pursuant to this Restatement Agreement.
		

		
			Restatement Agreement means this amendment and restatement agreement (including the Schedule 1).
		

		
			 
		

		
			2          AMENDMENT AND RESTATEMENT
		

		
			 
		

		
			With effect from the date of this Restatement Agreement, the Original Letter Agreement shall be amended and restated in the form set out in Schedule 1 to this Restatement Agreement.
		

		
			 
		

		
			3          MISCELLANEOUS
		

		
			The terms “herein”, “hereof” and “hereunder” and words of similar import refer to this Restatement Agreement. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned thereto in the Agreement.
		

		
			 
		

		
			4.         INCONSISTENCY AND CONFIDENTIALITY
		

		
			 
		

		
			4.1       In the event of any inconsistency between the terms and conditions of the Agreement and those of this Restatement Agreement, the latter shall prevail to the extent of such inconsistency, whereas the part of the Agreement not concerned by such inconsistency shall remain in full force and effect.
		

		
			 
		

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

		
			 
		

		
			4.3       This Restatement Agreement shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party without the prior consent of the other Party except as may be required by law, or to professional advisors for
		

		
			
		

		
			

		 

		

			 

		

			

					

						 

					

					

						 

				
	

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						Private & Confidential

				
	

					

						Amendment and Restatement Agreement of Letter Agreement N°1 to Amendment N°10

					

					

						 

				
	

					

						Ref. CLC-CT1900913

					

					

						 

				

		

			 

		

		

			4 / 9

		

		

		
			the implementation hereof.
		

		
			 
		

		
			5.         COUNTERPARTS
		

		
			 
		

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

		
			 
		

		
			6.         LAW AND JURISDICTION
		

		
			 
		

		
			This Restatement Agreement is governed by and shall be construed in accordance with the laws of the State of New York.
		

		
			 
		

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

		
			 
		

		
			
		

		
			

		 

		

			 

		

			

					

						 

					

					

						 

				
	

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						Private & Confidential

				
	

					

						Amendment and Restatement Agreement of Letter Agreement N°1 to Amendment N°10

					

					

						 

				
	

					

						Ref. CLC-CT1900913

					

					

						 

				

		

			 

		

		

			5 / 9

		

		

		
			 
		

		
			SCHEDULE 1
		

		
			 
		

		
			FORM OF AMENDED AND RESTATED LETTER AGREEMENT N°1
		

		
			 
		

		
			TO AMENDMENT N°10 TO PURCHASE AGREEMENT
		

		
			 
		

			
					
						

					
					
						 

				
	
					
						AIR LEASE CORPORATION

					
					
						 

				
	
					
						2000 Avenue of the Stars, Suite 1000N

					
					
						 

				
	
					
						Los Angeles, California 90067, U.S.A.

					
					
						 

				
	
					
						31 December 2018

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						31 December 2018

				

		
			 
		

		
			Subject: Amendment No. 10 Additional Matters
		

		
			 
		

		
			AIR LEASE CORPORATION (the “Buyer") and AIRBUS S.A.S. (the “Seller") have entered into an Amendment N° 10 dated even date herewith (the “Amendment”) to the A350XWB Family Purchase Agreement dated 01 February 2013 (the "Agreement") which covers, among other things, (i) [*] and (ii) [*].
		

		
			 
		

		
			Capitalized terms used herein and not otherwise defined in this Letter Agreement shall have the meanings assigned thereto in the Agreement.
		

		
			 
		

		
			The Parties agree that this Letter Agreement, upon execution thereof, shall constitute an integral, non-severable part of the Amendment, that the provisions of the Amendment are hereby incorporated herein by reference, and that if the Agreement, the Amendment and this Letter Agreement have specific provisions which are inconsistent, the specific provisions contained in this Letter Agreement shall govern.
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

			

					

						 

					

					

						 

				
	

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						Private & Confidential

				
	

					

						Amendment and Restatement Agreement of Letter Agreement N°1 to Amendment N°10

					

					

						 

				
	

					

						Ref. CLC-CT1900913

					

					

						 

				

		

			 

		

		

			6 / 9

		

		

		
			1.         [*]
		

		
			 
		

		
			2.         [*]
		

		
			 
		

		
			3.         [*]
		

		
			 
		

		
			4.         [*]
		

		
			 
		

		
			5.         [*]
		

		
			 
		

		
			6.         [*]
		

		
			 
		

		
			7.         Assignment
		

		
			 
		

		
			Notwithstanding any other provision of this Letter Agreement or of the Agreement, this Letter Agreement and the rights and obligations of the Buyer herein shall not be assigned or transferred in any manner and any attempted assignment or transfer in contravention of the provisions of this Clause shall be void and of no force or effect. [*]
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

			

					

						 

					

					

						 

				
	

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						Private & Confidential

				
	

					

						Amendment and Restatement Agreement of Letter Agreement N°1 to Amendment N°10

					

					

						 

				
	

					

						Ref. CLC-CT1900913

					

					

						 

				

		

			 

		

		

			7 / 9

		

		

		
			8.         Confidentiality
		

		
			 
		

		
			This Letter Agreement (and its existence) shall be treated by both parties as confidential and shall not be released (or revealed) in whole or in part to any third party without the prior consent of the other party. In particular, each party agrees not to make any press release concerning the whole or any part of the contents and/or subject matter hereof or of any future addendum hereto without the prior consent of the other party.
		

		
			 
		

		
			9.         Counterparts
		

		
			 
		

		
			This Letter Agreement may be signed in separate counterparts. Each counterpart, when signed and delivered (including counterparts delivered by facsimile transmission), will be an original, and the counterparts will together constitute one same instrument.
		

		
			 
		

		
			10.       Law and Jurisdiction
		

		
			 
		

		
			The provisions of Clause 22.6 of the Agreement shall apply to this Amendment N° 10 as if the same were set out in full herein, mutatis mutandis.
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

			

					

						 

					

					

						 

				
	

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						Private & Confidential

				
	

					

						Amendment and Restatement Agreement of Letter Agreement N°1 to Amendment N°10

					

					

						 

				
	

					

						Ref. CLC-CT1900913

					

					

						 

				

		

			 

		

		

			8 / 9

		

		

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

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Agreed and Accepted

					
					
						 

					
					
						Agreed and Accepted

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						For and on behalf of

					
					
						 

					
					
						For and on behalf of

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						AIR LEASE CORPORATION

					
					
						 

					
					
						AIRBUS S.A.S.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						/s/ Grant Levy 

					
					
						 

					
					
						/s/ Benoît de Saint-Exupéry

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						By: Grant Levy

					
					
						 

					
					
						By: Benoît de Saint-Exupéry

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Its: Executive Vice President

					
					
						 

					
					
						Its: Senior Vice President, Contracts

				
	
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		 

		

			 

		

			

					

						 

					

					

						 

				
	

					

						Air Lease Corporation – A350XWB Family Purchase Agreement

					

					

						Private & Confidential

				
	

					

						Amendment and Restatement Agreement of Letter Agreement N°1 to Amendment N°10

					

					

						 

				
	

					

						Ref. CLC-CT1900913

					

					

						 

				

		

			 

		

		

			9 / 9al_Ex10_6

		
			EXHIBIT 10.6
		

		
			 
		

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

		
			 
		

		
			Supplemental Agreement No. 23
		

		
			 
		

		
			to
		

		
			 
		

		
			Purchase Agreement No. 03791
		

		
			 
		

		
			between
		

		
			 
		

		
			THE BOEING COMPANY
		

		
			 
		

		
			and
		

		
			 
		

		
			AIR LEASE CORPORATION
		

		
			THIS SUPPLEMENTAL AGREEMENT is entered into as of June 26, 2019 (Supplemental Agreement No. 23) by and between THE BOEING COMPANY (Boeing) and AIR LEASE CORPORATION (Customer).
		

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

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

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

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

		
			1.         TABLE OF CONTENTS.
		

		
			The Table of Contents is deleted in its entirety and replaced by a new Table of Contents, provided as Enclosure 1, and incorporated into the Purchase Agreement.   The new Table of Contents reflects the revisions set forth in this Supplemental Agreement No. 23.
		

		
			2.         TABLES.
		

		
			Table 1F is deleted in its entirety, replaced by a revised Table 1F provided hereto as Enclosure 2 and is incorporated into the Purchase Agreement by this reference. This new Table 1F reflects [*].
		

		
			
		

		
			

		 

		

			 

		

			

					

						HAZ-PA-03791

					

					

						1

					

					

						SA-23

				

		

			 

		

		

			BOEING PROPRIETARY

		

		

		
			3.         LETTER AGREEMENTS.
		

		
			3.1       Letter Agreement HAZ-PA-03791-LA-1208090R8, entitled “Special Matters for 737-8 and 737-9 Aircraft,” is deleted in its entirety, and replaced with a revised Letter Agreement HAZ-PA-03791-LA-1208090R9, entitled “Special Matters for 737-8 and 737-9 Aircraft,” which is provided as Enclosure 3 to this Supplemental Agreement No. 23, and incorporated into the Purchase Agreement.
		

		
			3.2       Letter Agreement HAZ-PA-03791-LA-1208078R6, entitled “Advance Payment Matters,” is deleted in its entirety, and replaced with a revised Letter Agreement HAZ-PA-03791-LA-1208078R7, entitled “Advance Payment Matters,” which is provided as Enclosure 4 to this Supplemental Agreement No. 23, and incorporated into the Purchase Agreement.
		

		
			4.         CONTINGENCY.
		

		
			This Supplemental Agreement No. 23 is contingent on Customer executing Letter Agreement No. 6-1169-MVL-057 and Supplemental Agreement No. 13 under Purchase Agreement 3659.
		

		
			5.         [*]
		

		
			6.         MISCELLANEOUS.
		

		
			6.1       [*]
		

		
			6.2       All terms used but not defined in this Supplemental Agreement No. 23 will have the same meaning as such terms have in the Purchase Agreement.
		

		
			6.3       This Supplemental Agreement No. 23 will become effective upon execution and receipt by both parties of both this Supplemental Agreement No. 23 and fulfillment of the contingencies described in Article 4 on or before June 28, 2019, after which date this Supplemental Agreement No. 23 will be null and void and have no force or effect.
		

		
			EXECUTED IN DUPLICATE as of the day and year first above written.
		

			
					
						THE BOEING COMPANY

					
					
						 

					
					
						AIR LEASE CORPORATION

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Michael Lombardi

					
					
						 

					
					
						By:

					
					
						/s/ Grant Levy

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Its:

					
					
						Attorney‐In‐Fact

					
					
						 

					
					
						Its:

					
					
						Executive Vice President

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Attachments

					
					
						 

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

			 

		

			

					

						HAZ-PA-03791

					

					

						2

					

					

						SA-23

				

		

			 

		

		

			BOEING PROPRIETARY

		

		

			Enclosure 1

		

		

			TABLE OF CONTENTS

		

		

			 

		

		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						ARTICLES

					
					
						SA No.

				
	
					
						Article 1.

					
					
						Quantity, Model and Description

					
					
						SA-4

				
	
					
						Article 2.

					
					
						Delivery Schedule

					
					
						 

				
	
					
						Article 3.

					
					
						Price

					
					
						 

				
	
					
						Article 4.

					
					
						Payment

					
					
						 

				
	
					
						Article 5.

					
					
						Additional Terms

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						TABLES

					
					
						 

				
	
					
						1A

					
					
						737-8 Block A Aircraft Information Table [*]

					
					
						SA-22

				
	
					
						1B

					
					
						737-9 Block B Aircraft Information Table [*]

					
					
						SA-22

				
	
					
						1C

					
					
						737-8 Block C Aircraft Information Table [*]

					
					
						SA-22

				
	
					
						1D

					
					
						737-8 Block D Aircraft Information Table [*]

					
					
						SA-22

				
	
					
						1E

					
					
						737-8 Block E Aircraft Information Table [*]

					
					
						SA-14

				
	
					
						1F

					
					
						737-7 Block F Aircraft Information Table [*]

					
					
						SA-23

				
	
					
						1G

					
					
						737-8 Block G Aircraft Information Table [*]

					
					
						SA-18

				
	
					
						1H1

					
					
						737-8 Block H1 Aircraft Information Table [*]

					
					
						SA-18

				
	
					
						1H2

					
					
						737-8 Block H2 Aircraft Information Table [*]

					
					
						SA-18

				
	
					
						1H3

					
					
						737-8 Block H3 Aircraft Information Table [*]

					
					
						SA-18

				
	
					
						1H4

					
					
						737-8 Block H4 Aircraft Information Table [*]

					
					
						SA-18

				
	
					
						1H5

					
					
						737-8 Block H5 Aircraft Information Table [*]

					
					
						SA-18

				
	
					
						 

					
					
						 

				
	
					
						EXHIBITS

					
					
						 

				
	
					
						A1

					
					
						HAZ/[*] 737-8 Aircraft Configuration

					
					
						SA-16

				
	
					
						A2

					
					
						HAZ/[*] 737-8 Aircraft Configuration

					
					
						SA-16

				
	
					
						A3

					
					
						HAZ/[*] 737-8 Aircraft Configuration

					
					
						SA-16

				
	
					
						A4

					
					
						HAZ/[*] 737-8 Aircraft Configuration

					
					
						SA-16

				
	
					
						A5

					
					
						HAZ/[*] 737-8 Aircraft Configuration

					
					
						SA-16

				
	
					
						A6

					
					
						HAZ/[*] 737-9 Aircraft Configuration

					
					
						SA-19

				
	
					
						A7

					
					
						HAZ/[*] 737-8 Aircraft Configuration [*]

					
					
						SA-21

				
	
					
						A8

					
					
						HAZ/[*] 737-8 Aircraft Configuration [*]

					
					
						SA-21

				

		
			
		

		

		 

		

			 

		

			

					

						HAZ-PA-03791

					

					

						i

					

					

						SA-23

				

		

			 

		

		

			BOEING PROPRIETARY

		

		

			Enclosure 1

		

		

			TABLE OF CONTENTS

		

		

			 

		

	
					
						

					
						A9

					
					
						HAZ/[*] 737-8 Aircraft Configuration [*]

					
					
						SA-21

				
	
					
						A10

					
					
						HAZ/[*] 737-8 Aircraft Configuration [*]

					
					
						SA-21

				
	
					
						A11

					
					
						HAZ/[*] 737-8 Aircraft Configuration [*]

					
					
						SA-21

				
	
					
						A12

					
					
						HAZ/[*] 737-8 Aircraft Configuration [*]

					
					
						SA-21

				
	
					
						A13

					
					
						HAZ/[*] 737-9 Aircraft Configuration [*]

					
					
						SA-21

				
	
					
						A14

					
					
						HAZ/[*] 737-9 Aircraft Configuration [*]

					
					
						SA-21

				
	
					
						A15

					
					
						HAZ 737-8 [*] Aircraft Configuration [*]

					
					
						SA-21

				
	
					
						A16

					
					
						HAZ 737-9 [*] Aircraft Configuration [*]

					
					
						SA-21

				
	
					
						B

					
					
						Aircraft Delivery Requirements and Responsibilities

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						SUPPLEMENTAL EXHIBITS

					
					
						 

				
	
					
						AE1

					
					
						Escalation Adjustment - Airframe and Optional Features

					
					
						 

				
	
					
						BFE1

					
					
						BFE Variables

					
					
						SA-9

				
	
					
						CS1

					
					
						Customer Support Variables

					
					
						 

				
	
					
						EE1

					
					
						[*], Engine Warranty and Patent Indemnity

					
					
						 

				
	
					
						SLP1

					
					
						Service Life Policy Components

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						LETTER AGREEMENTS

					
					
						SA No.

				
	
					
						LA-1208077

					
					
						AGTA Matters

					
					
						 

				
	
					
						LA-1208078R7

					
					
						Advance Payment Matters

					
					
						SA-23

				
	
					
						LA-1208079R2

					
					
						[*]

					
					
						SA-18

				
	
					
						LA-1208080

					
					
						Assignment of Customer’s Interest to a Subsidiary or Affiliate

					
					
						 

				
	
					
						LA-1208081

					
					
						Other Matters

					
					
						 

				
	
					
						LA-1208082

					
					
						Demonstration Flight Waiver

					
					
						 

				
	
					
						LA-1208083R4

					
					
						[*]

					
					
						SA-17

				
	
					
						LA-1208084

					
					
						Leasing Matters

					
					
						 

				
	
					
						LA-1208085

					
					
						Liquidated Damages for Non-Excusable Delay

					
					
						 

				
	
					
						LA-1208086

					
					
						Loading of Customer Software

					
					
						 

				
	
					
						LA-1208087R1

					
					
						Open Matters for 737-8 and 737-9 Aircraft

					
					
						SA-4

				
	
					
						LA-1208088

					
					
						Performance Matters

					
					
						 

				

		
			
		

		

		 

		

			 

		

			

					

						HAZ-PA-03791

					

					

						ii

					

					

						SA-23

				

		

			 

		

		

			BOEING PROPRIETARY

		

		

			Enclosure 1

		

		

			TABLE OF CONTENTS

		

		

			 

		

	
					
						

					
						LETTER AGREEMENTS

					
					
						SA No.

				
	
					
						LA-1208089R1

					
					
						[*]                                                                                                                          

					
					
						SA-4

				
	
					
						LA-1208090R9

					
					
						Special Matters for 737-8 and 737-9 Aircraft

					
					
						SA-23

				
	
					
						LA-1208091

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

					
					
						 

				
	
					
						LA-1208092

					
					
						[*]

					
					
						 

				
	
					
						LA-1208958

					
					
						[*]

					
					
						 

				
	
					
						LA-1208963

					
					
						[*]                                                                                                                           

					
					
						SA-4

				
	
					
						LA-1209052

					
					
						Delivery Flexibility

					
					
						 

				
	
					
						LA-1300032

					
					
						[*]                                                                                                                           

					
					
						SA-4

				
	
					
						LA-1400773

					
					
						[*]                                                                                                                           

					
					
						SA-4

				
	
					
						LA-1401489

					
					
						[*]                                                                                                                           

					
					
						SA-4

				
	
					
						LA-1701519

					
					
						Special Matters Related to [*]

					
					
						SA-10

				
	
					
						LA-1701714

					
					
						Special Matters for 737-7 Aircraft

					
					
						SA-14

				
	
					
						LA-1704831

					
					
						Special Matters Relating to [*]

					
					
						SA-14

				
	
					
						LA-1704362

					
					
						[*]

					
					
						SA-15

				
	
					
						LA-1805016

					
					
						[*]

					
					
						SA-18

				
	
					
						LA-1805303

					
					
						[*]

					
					
						SA-18

				

		
			 
		

		
			 
		

		
			

		 

		

			 

		

			

					

						HAZ-PA-03791

					

					

						iii

					

					

						SA-23

				

		

			 

		

		

			BOEING PROPRIETARY

		

		

			Enclosure 2

		

		

		
			Table 1F To
		

		
			Purchase Agreement No. PA-03791
		

		
			737-7 Block F [*] Aircraft Delivery, Description, Price and Advance Payments
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Airframe Model/MTOW:

					
					
						 

					
					
						737-7

					
					
						145,000 pounds

					
					
						 

					
					
						Detail Specification:

					
					
						D019A008-N (6/10/2016)

					
					
						 

				
	
					
						Engine Model/Thrust:

					
					
						 

					
					
						CFMLEAP - 1B21

					
					
						23,000 pounds

					
					
						 

					
					
						Airframe Price Base Year/Escalation Formula:

					
					
						[*]

					
					
						[*]

				
	
					
						Airframe Price:

					
					
						 

					
					
						 

					
					
						[*]

					
					
						 

					
					
						Engine Price Base Year/Escalation Formula:

					
					
						[*]

					
					
						[*]

				
	
					
						Optional Features:

					
					
						 

					
					
						 

					
					
						[*]

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Sub-Total of Airframe and Features:

					
					
						 

					
					
						[*]

					
					
						 

					
					
						Airframe Escalation Data:

					
					
						 

					
					
						 

				
	
					
						Engine Price (Per Aircraft):

					
					
						 

					
					
						[*]

					
					
						 

					
					
						Base Year Index (ECI):

					
					
						[*]

					
					
						 

				
	
					
						Aircraft Basic Price (Excluding BFE/SPE):

					
					
						 

					
					
						[*]

					
					
						 

					
					
						Base Year Index (CPI):

					
					
						[*]

					
					
						 

				
	
					
						Buyer Furnished Equipment (BFE) Estimate:

					
					
						[*]

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Seller Purchased Equipment (SPE) Estimate:

					
					
						[*]

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Deposit per Aircraft:

					
					
						 

					
					
						 

					
					
						[*]

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						Manufacturer

					
					
						Escalation

					
					
						 

					
					
						 

					
					
						Escalation Estimate

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

				
	
					
						Delivery

					
					
						Number of

					
					
						Serial

					
					
						Factor

					
					
						Lessee

					
					
						P.A.

					
					
						Adv Payment Base

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						Date

					
					
						Aircraft

					
					
						No.

					
					
						(Airframe)

					
					
						 

					
					
						Exhibit A

					
					
						Price Per A/P

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						[*]-2022

					
					
						 

					
					
						 

					
					
						[*]

					
					
						 

					
					
						 

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						[*]

					
					
						1

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						[*]

					
					
						 

					
					
						 

					
					
						[*]

					
					
						 

					
					
						 

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						[*]

					
					
						 

					
					
						 

					
					
						[*]

					
					
						 

					
					
						 

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						[*]

					
					
						1

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						[*]-2022

					
					
						 

					
					
						 

					
					
						[*]

					
					
						 

					
					
						 

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						Total:

					
					
						2

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			[*]
		

		
			 
		

		
			Manufacturer serial number is subject to change due to production changes.
		

		
			 
		

		
			 
		

		
			

		 

		

			 

		

			

					

						HAZ-PA-03791 101124-1F.TXT

					

					

						Boeing Proprietary

					

					

						SA-23

					

						Page 1

				

		

			 

		

		

			Enclosure 3

		

		

			 

		

			

					

						 

					

					

						 

					

						 

					

						 

					

						 

				
	

					

						

					

					

						The Boeing Company

					

						P.O. Box 3707

					

						Seattle, WA  98124-2207

					

						 

				

		

			 

		

		

		
			HAZ-PA-03791-LA-1208090R9 
		

		
			 
		

		
			Air Lease Corporation
		

		
			2000 Avenue of the Stars, Suite 1000N
		

		
			Los Angeles, CA 90067
		

		
			 
		

		
			Subject:           Special Matters for 737-8 and 737-9 Aircraft
		

		
			 
		

		
			Reference:      Purchase Agreement No. PA-03791 (Purchase Agreement) between The Boeing Company (Boeing) and Air Lease Corporation (Customer) relating to Model 737-8 and 737-9 aircraft (Aircraft)
		

		
			 
		

		
			This letter agreement (Letter Agreement) cancels and supersedes all previous versions with an acceptance date prior to the acceptance date indicated below and amends and supplements the Purchase Agreement.  All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement.
		

		
			1.                     Credit Memoranda. In consideration of Customer’s purchase of the Aircraft, at the time of delivery of each such Aircraft or [*], unless otherwise noted, Boeing will provide to Customer the following credit memoranda:
		

		
			1.1       Basic Credit Memorandum.  Boeing will issue to Customer a basic credit memorandum (Basic Credit Memorandum) at delivery of each Aircraft or [*] in an amount shown in the table immediately below for the respective minor model [*].
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Basic Credit Memorandum

					
					
						 

				
	
					
						 

					
					
						 

					
					
						Model Type

					
					
						 

				
	
					
						Aircraft Block

					
					
						[*]

					
					
						737-8 Aircraft

					
					
						737-9 Aircraft

					
					
						737-9 [*]

					
					
						737-8 [*]

				
	
					
						Block A

					
					
						[*]

					
					
						[*] 

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						Block B

					
					
						[*]

					
					
						[*]

					
					
						[*] 

					
					
						[*] 

					
					
						[*]

				
	
					
						Block C

					
					
						[*]

					
					
						[*] 

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						Block D

					
					
						[*]

					
					
						[*] 

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						Block E

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						Block G

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						Block H

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

				

		
			 
		

		
			1.2       Leasing Credit Memorandum.  Customer expressly intends to lease the Aircraft and [*] to a third party or parties (Lessee or Lessees) who are in the commercial airline business as aircraft operators.  As an additional consideration and incentive for
		

		
			 
		

		
			 
		

		
			

		 

		

			 

		

			

					

						 

					

					

						 

					

					

						SA-23

					

						Page 1

				

		

			BOEING PROPRIETARY

		

		

			Enclosure 3

		

		

			 

		

			

					

						

					

					

						 

				

		

			 

		

		

		
			entering into a lease for the Aircraft and [*] prior to delivery of each such Aircraft or [*], Boeing will issue to Customer a leasing credit memorandum (Leasing Credit Memorandum) in an amount shown in the table immediately below for the respective Aircraft or [*] minor model and [*].  Customer will not be permitted to assign this Leasing Credit Memorandum without the prior written consent of Boeing.
		

		
			 
		

			
					
						Leasing Credit Memorandum

					
					
						 

				
	
					
						 

					
					
						 

					
					
						Model Type

					
					
						 

				
	
					
						Aircraft Block

					
					
						[*]

					
					
						737-8 Aircraft

					
					
						737-9 Aircraft

					
					
						737-9 

					
					
						737-8 

				
	
					
						Block A

					
					
						[*]

					
					
						[*] 

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						Block B

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						 [*]

					
					
						[*]

				
	
					
						Block C

					
					
						[*]

					
					
						[*] 

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						Block D

					
					
						[*]

					
					
						[*] 

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						Block E

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						Block G

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

				
	
					
						Block H

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

					
					
						[*]

				

		
			 
		

		
			1.3       [*]
		

		
			1.4       [*]
		

		
			 
		

		
			1.5       [*]
		

		
			1.6       [*]
		

		
			1.7       [*]
		

		
			 
		

		
			1.8       [*]
		

		
			 
		

		
			1.9       [*]
		

		
			1.10     [*]
		

		
			1.11     [*]
		

		
			
		

		
			

		 

		

			 

		

			

					

						HAZ-PA-03791-LA-1208090R9

					

						Special Matters for 737-8 and 737-9 Aircraft

					

					

						 

					

					

						SA-23

					

						Page 2

				

		

			BOEING PROPRIETARY

		

		

			Enclosure 3

		

		

			 

		

			

					

						

					

					

						 

				

		

			 

		

		

		
			 
		

		
			1.12     [*]
		

		
			1.13     [*]
		

		
			1.14     [*]
		

		
			1.15     [*]
		

		
			 
		

		
			1.16     [*]
		

		
			 
		

		
			1.17     [*]
		

		
			 
		

		
			1.18     [*]
		

		
			1.19     [*]
		

		
			1.20     [*]
		

		
			 
		

		
			1.21     [*]
		

		
			 
		

		
			1.22     [*]
		

		
			1.23     [*]
		

		
			1.24     [*]
		

		
			1.25     [*]
		

		
			1.26     [*]
		

		
			1.27     [*]
		

		
			1.28     [*]
		

		
			1.29     [*]
		

		
			1.30     [*]
		

		
			1.31     [*]
		

		
			1.32     [*]
		

		
			1.33     [*]
		

		
			1.34     [*]
		

		
			1.35     [*]
		

		
			

		 

		

			 

		

			

					

						HAZ-PA-03791-LA-1208090R9

					

						Special Matters for 737-8 and 737-9 Aircraft

					

					

						 

					

					

						SA-23

					

						Page 3

				

		

			BOEING PROPRIETARY

		

		

			Enclosure 3

		

		

			 

		

			

					

						

					

					

						 

				

		

			 

		

		

		
			1.36     [*]
		

		
			1.37     Escalation of Credit Memoranda. Unless otherwise noted, the amounts of the Credit Memoranda stated in [*] will be escalated from the base year indicated to the scheduled month of the respective Aircraft or [*] delivery pursuant to the Airframe Escalation formula set forth in the Purchase Agreement applicable to such Aircraft or [*].  The Credit Memoranda may, at the election of Customer, be (i) applied against the Aircraft Price of the respective Aircraft or [*] at the time of delivery, or (ii) used for the purchase of other Boeing goods and services (but shall not be applied to advance payments).
		

		
			2.                     Assignment.
		

		
			Unless otherwise noted herein, the Credit Memoranda described in this Letter Agreement are provided as a financial accommodation to Customer and in consideration of Customer’s taking title to the Aircraft and [*] at time of delivery and leasing the Aircraft and [*].  This Letter Agreement cannot be assigned, in whole or in part, without the prior written consent of Boeing.
		

		
			3.                     Confidentiality.
		

		
			Customer understands and agrees that the information contained herein represents confidential business information of Boeing and has value precisely because it is not available generally or to other parties.  Customer agrees to limit the disclosure of its contents to (a) its directors and officers, (b)  employees of Customer with a need to know the contents for performing its obligations (including, without limitation, those employees performing accounting, finance, administration and other functions necessary to finance and purchase, deliver or lease the Aircraft) and who understand they are not to disclose its contents to any other person or entity (other than those to whom disclosure is permitted by this paragraph 3) without the prior written consent of Boeing and (c) any auditors, financial advisors, attorneys and independent contractors of Customer who have a need to know such information and have signed a confidentiality agreement in the same form and substance similar to this paragraph 3.  Customer shall be fully responsible to Boeing for compliance with such obligations.
		

		
			
		

		
			

		 

		

			 

		

			

					

						HAZ-PA-03791-LA-1208090R9

					

						Special Matters for 737-8 and 737-9 Aircraft

					

					

						 

					

					

						SA-23

					

						Page 4

				

		

			BOEING PROPRIETARY

		

		

			Enclosure 3

		

		

			 

		

			

					

						

					

					

						 

				

		

			 

		

		

		
			Very truly yours,
		

		
			 
		

			
					
						THE BOEING COMPANY

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By

					
					
						/s/ Michael Lombardi

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Its

					
					
						Attorney-in-fact

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						ACCEPTED AND AGREED TO this

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Date:

					
					
						June 26, 2019

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						AIR LEASE CORPORATION

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By

					
					
						/s/ Grant Levy

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Its

					
					
						Executive Vice President

					
					
						 

				

		
			 
		

		
			 
		

		
			

		 

		

			 

		

			

					

						HAZ-PA-03791-LA-1208090R9

					

						Special Matters for 737-8 and 737-9 Aircraft

					

					

						 

					

					

						SA-23

					

						Page 5

				

		

			BOEING PROPRIETARY

		

		

			Enclosure 4

		

		

			 

		

			

					

						 

					

					

						 

					

						 

					

						 

					

						 

				
	

					

						

					

					

						The Boeing Company

					

						P.O. Box 3707

					

						Seattle, WA 98124-2207

					

						 

				

		

			 

		

		

		
			HAZ-PA-03791-LA-1208078R7
		

		
			 
		

		
			Air Lease Corporation
		

		
			2000 Avenue of the Stars, Suite 1000N
		

		
			Los Angeles, CA 90067
		

		
			 
		

		
			Subject:           Advance Payment Matters
		

		
			 
		

		
			Reference:      Purchase Agreement No. PA-03791 (Purchase Agreement) between The Boeing Company (Boeing) and Air Lease Corporation (Customer) relating to Model 737-8 and 737-9 aircraft (Aircraft)
		

		
			 
		

		
			This letter agreement (Letter Agreement) cancels and supersedes all previous versions with an acceptance date prior to the acceptance date indicated below and amends and supplements the Purchase Agreement.  All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement.
		

		
			The Purchase Agreement incorporates the terms and conditions of HAZ-AGTA between Boeing and Customer.  This Letter Agreement modifies certain terms and conditions of the AGTA with respect to the Aircraft.
		

		
			1.         Deferred Advance Payment Schedule.
		

		
			1.1       Notwithstanding the Aircraft advance payment schedule provided in Table 1 of the Purchase Agreement, Customer may elect to pay an alternative fixed advance payment schedule for the Aircraft, as set forth below (Alternative Advance Payment Schedule).
		

		
			 
		

		
			[*]
		

		
			1.2       [*]
		

		
			2.                     [*]
		

		
			3.                     [*]
		

		
			4.                     [*]
		

		
			 
		

		
			 
		

		
			

		 

		

			 

		

			

					

						 

					

					

						 

					

					

						SA-23

					

						Page 1

				

		

			BOEING PROPRIETARY

		

		

			Enclosure 4

		

		

			 

		

			

					

						 

					

					

						 

					

						 

					

						 

					

						 

				
	

					

						

					

					

						 

				

		

			 

		

		

		
			5.         Assignment.
		

		
			Notwithstanding any other provisions of the Purchase Agreement, the rights and obligations described in this Letter Agreement are provided to Customer in consideration of Customer taking title to the Aircraft at the time of delivery and leasing the Aircraft and cannot be assigned in whole or, in part.
		

		
			 
		

		
			6.         Confidential Treatment.
		

		
			Customer understands and agrees that the information contained herein represents confidential business information of Boeing and has value precisely because it is not available generally or to other parties.  Customer agrees to limit the disclosure of its contents to (a) its directors and officers, (b)  employees of Customer with a need to know the contents for performing its obligations (including, without limitation, those employees performing accounting, finance, administration and other functions necessary to finance and purchase, deliver or lease the Aircraft) and who understand they are not to disclose its contents to any other person or entity (other than those to whom disclosure is permitted by this paragraph 6) without the prior written consent of Boeing and (c) any auditors, financial advisors, attorneys and independent contractors of Customer who have a need to know such information and have signed a confidentiality agreement in the same form and substance similar to this paragraph 6.  Customer shall be fully responsible to Boeing for compliance with such obligations.
		

		
			 
		

		
			Very truly yours,
		

		
			 
		

			
					
						THE BOEING COMPANY

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						By

					
					
						/s/ Michael Lombardi

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Its

					
					
						Attorney-in-fact

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						ACCEPTED AND AGREED TO this

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Date:

					
					
						June 26, 2019

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						AIR LEASE CORPORATION

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By

					
					
						/s/ Grant Levy

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Its

					
					
						Executive Vice President

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

			 

		

			

					

						HAZ-PA-03791-LA-1208078R7

					

						Advance Payment Matters

					

					

						 

					

					

						SA-23

					

						Page 2

				

		

			BOEING PROPRIETARY

		

			

					

						 

					

					

						 

					

						 

					

						 

					

						 

				
	

					

						

					

					

						The Boeing Company

					

						P.O. Box 3707

					

						Seattle, WA 98124 2207

					

						 

				

		

			 

		

		

		
			6-1169-MVL-057
		

		
			 
		

		
			Air Lease Corporation
		

		
			2000 Avenue of the Stars, Suite 1000N
		

		
			Los Angeles, CA 90067
		

		
			 
		

		
			Subject:           [*]
		

		
			 
		

		
			Attention:         Grant Levy, Executive Vice President
		

		
			 
		

		
			Reference:      (a) Purchase Agreement No. PA-03791 (Purchase Agreement) between The Boeing Company (Boeing) and Air Lease Corporation (Customer) relating to Model 737 aircraft
		

		
			 
		

		
			[*]
		

		
			This letter agreement will be interpreted under and governed by the laws of the state of Washington, U.S.A., except that Washington’s choice of law rules will not be invoked for the purpose of applying the law of another jurisdiction.
		

		
			The information contained herein represents confidential business information and has value precisely because it is not available generally or to other parties. Customer will limit the disclosure of its contents to (a) its directors and officers, (b)  employees of Customer with a need to know the contents for performing its obligations (including, without limitation, those employees performing accounting, finance, administration and other functions necessary to finance and purchase, deliver or lease the Aircraft) and who understand they are not to disclose its contents to any other person or entity (other than those to whom disclosure is permitted by this paragraph 3) without the prior written consent of Boeing and (c) any auditors, financial advisors, attorneys and independent contractors of Customer who have a need to know such information and have signed a confidentiality agreement in the same form and substance similar to this paragraph.
		

		
			 
		

		
			 
		

		

		 

		

			 

		

			

					

						 

					

					

						 

					

					

						 

				
	

					

						 

					

					

						 

					

					

						Page 1

				

		

			 

		

		

			BOEING PROPRIETARY

		

			

					

						 

					

					

						 

					

						 

					

						 

					

						 

				
	

					

						

					

					

						 

				

		

			 

		

	
					
						

					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						ACCEPTED AND AGREED TO this

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Date:

					
					
						June 26, 2019

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						AIR LEASE CORPORATION

					
					
						 

					
					
						 

					
					
						THE BOEING COMPANY

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Grant Levy

					
					
						 

					
					
						By:

					
					
						/s/ Michael Lombardi

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Name:

					
					
						Grant Levy

					
					
						 

					
					
						Name:

					
					
						Michael Lombardi

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Title:

					
					
						Executive Vice President

					
					
						 

					
					
						Title:

					
					
						Attorney-In-Fact

				

		
			 
		

		 

		

			 

		

			

					

						 

					

					

						 

					

					

						 

				
	

					

						6-1169-MVL-057

					

					

						 

					

					

						Page 2

				

		

			 

		

		

			BOEING PROPRIETARY

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