Document:

al_Ex10_5

		

			Exhibit 10.5

		

		

			 

		

		

			EXECUTION VERSION

		

		

			 

		

		
			NEW LENDER SUPPLEMENT
		

		
			 
		

		
			SUPPLEMENT, dated as of April 5, 2019, to the Second Amended and Restated Credit Agreement, dated as of May 5, 2014, as amended by the First Amendment dated as of June 1, 2015, by the Second Amendment dated as of May 27, 2016, by the Third Amendment dated as of May 2, 2017, by the Fourth Amendment dated as of May 2, 2018, and as further amended, supplemented or otherwise modified from time to time (the “Credit Agreement”) among AIR LEASE CORPORATION, a Delaware corporation (the “Borrower”), the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), and JPMORGAN CHASE BANK, N.A., as administrative agent (the “Administrative Agent”).
		

		
			 
		

		
			W I T N E S S E T H:
		

		
			 
		

		
			WHEREAS, the Credit Agreement provides in Section 2.1(c) thereof that any bank, financial institution or other entity may become a party to the Credit Agreement with the consent of the Borrower and the Administrative Agent (which consent of the Administrative Agent shall not be unreasonably withheld) by executing and delivering to the Borrower and the Administrative Agent a supplement to the Credit Agreement in substantially the form of this Supplement; and
		

		
			 
		

		
			WHEREAS, the undersigned now desires to become a party to the Credit Agreement;
		

		
			 
		

		
			NOW, THEREFORE, the undersigned hereby agrees as follows:
		

		
			 
		

		
			1.  The undersigned agrees to be bound by the provisions of the Credit Agreement, and agrees that it shall, on the date this Supplement is accepted by the Borrower and the Administrative Agent (or on such other date as may be agreed upon among the undersigned, the Borrower and the Administrative Agent), become a Lender for all purposes of the Credit Agreement to the same extent as if originally a party thereto, with a Commitment of $175,000,000.
		

		
			 
		

		
			2.  The undersigned (a) represents and warrants that it is legally authorized to enter into this Supplement; (b) confirms that it has received a copy of the Credit Agreement, together with copies of the financial statements most recently delivered pursuant to Sections 6.1(a) and (b) thereof and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Supplement; (c) agrees that it has made and will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement or any instrument or document furnished pursuant hereto or thereto; (d) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement or any instrument or document furnished pursuant hereto or thereto as are delegated to the Administrative Agent by the terms thereof, together with such powers as are incidental thereto; and (e) agrees that it will be bound by the provisions of the Credit Agreement and will perform in accordance with its terms all the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender including, without limitation, if it is organized under the laws of a jurisdiction outside the United States, its obligation pursuant to Section 2.15(e) of the Credit Agreement.
		

		
			 
		

		
			3.  The undersigned hereby confirms and agrees that the Termination Date in respect of its Commitment is May 5, 2022.
		

		
			 
		

		
			4.  The address for notices for the undersigned for the purposes of the Credit Agreement is as follows:
		

		
			 
		

		
			
		

		
			

		 

 

		

		
			 
		

		
			NatWest Markets plc
		

		
			250 Bishopsgate
		

		
			London, EC2M 4AA
		

		
			Attention: Graham Cowe, Director
		

		
			Telephone: +44 207 085 8591
		

		
			Email: Graham.cowe@rbs.com
		

		
			 
		

		
			5.  Terms defined in the Credit Agreement shall have their defined meanings when used herein.
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

			 

		

		

		
			IN WITNESS WHEREOF, the undersigned has caused this Supplement to be executed and delivered by a duly authorized officer on the date first above written.
		

		
			 
		

		
			NATWEST MARKETS PLC
		

		
			 
		

		
			By:        /s/ Sinead Collister                                                    
		

		
			Name: Sinead Collister
		

		
			Title: Director
		

		
			 
		

		
			
		

		
			

		 

		

			[Signature Page to NatWest New Lender Supplement]

		

 

		

			 

		

		

		
			 
		

		
			Accepted and agreed to as of
		

		
			the date first written above:
		

		
			 
		

		
			AIR LEASE CORPORATION
		

		
			 
		

		
			By:        /s/ Gregory B. Willis                                             
		

		
			Name: Gregory B. Willis
		

		
			Title: Executive Vice President and Chief Financial Officer
		

		
			 
		

		
			
		

		
			

		 

		

			[Signature Page to NatWest New Lender Supplement]

		

 

		

			 

		

		

		
			 
		

		
			Accepted and agreed to as of
		

		
			the date first written above:
		

		
			 
		

		
			JPMORGAN CHASE BANK, N.A. as Administrative Agent
		

		
			 
		

		
			By:        /s/ Cristina Caviness                                                   
		

		
			Name: Cristina Caviness
		

		
			Title: Vice President
		

		
			 
		

		
			 
		

		 

		

			[Signature Page to NatWest New Lender Supplement]al_Ex10_6

		
			EXHIBIT 10.6
		

		
			 
		

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

		
			 
		

		
			 
		

		
			AMENDMENT N°6
		

		
			 
		

		
			 
		

		
			TO THE
		

		
			 
		

		
			 
		

		
			A330-900neo PURCHASE AGREEMENT
		

		
			 
		

		
			 
		

		
			BETWEEN
		

		
			 
		

		
			 
		

		
			AIRBUS S.A.S.
		

		
			 
		

		
			as Seller
		

		
			 
		

		
			 
		

		
			and
		

		
			 
		

		
			 
		

		
			AIR LEASE CORPORATION
		

		
			 
		

		
			As Buyer
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

			

					

						Amendment No6 to the ALC A330-900neo Purchase Agreement

					

						Ref. CLC - CT1901550

					

					

						Page 1/4

				

		

			 

		

 

		

		
			AMENDMENT N° 6 TO THE
		

		
			A330-900neo PURCHASE AGREEMENT
		

		
			 
		

		
			This amendment n°6 (the “Amendment N°6”) dated 27 February 2019 is made
		

		
			 
		

		
			BETWEEN:
		

		
			 
		

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

		
			 
		

		
			and
		

		
			 
		

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

		
			 
		

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

		
			 
		

		
			WHEREAS:
		

		
			 
		

		
			A.  The Buyer and the Seller have signed on 03 March 2015 a purchase agreement with reference CLC-CT1405166 for the manufacture and sale by the Seller and purchase by the Buyer of twenty-five (25) A330-900neo aircraft hereinafter together with its Exhibits and Letter Agreements and as further amended from time to time referred to as the “Agreement”.
		

		
			 
		

		
			B.  The Buyer and the Seller have signed an amendment n°1 dated 31 May 2016 with reference CLC-CT1614983 (“Amendment N°1”) whereby the Buyer [*].
		

		
			 
		

		
			C.  The Buyer and the Seller have signed an amendment n°2 dated 19 June 2017 with reference CLC-CT1702508 (“Amendment N°2”) for the manufacture and sale by the Seller and purchase by the Buyer of two (2) incremental A330-900neo aircraft.
		

		
			 
		

		
			D.  The Buyer and the Seller have signed an amendment n°3 dated 02 October 2017 with reference CLC-CT1705177 (“Amendment N°3”) in order to [*].
		

		
			 
		

		
			E.  The Buyer and the Seller have signed an Amendment n°4 dated 27 December 2017 with reference CLC-CT1709653 (“Amendment N°4”) for the manufacture and sale by the Seller and purchase by the Buyer of two (2) incremental A330-900neo aircraft.
		

		
			 
		

		
			F.  The Buyer and the Seller have signed an amendment n°5 dated 31 December 2018 with reference CLC-CT1709653 (“Amendment N°5”) in order [*].
		

		
			 
		

		
			The Purchase Agreement, as amended and supplemented pursuant to the foregoing being referred to as the “Agreement”.
		

		
			 
		

		
			G.  The Buyer and the Seller now wish to enter into this Amendment N°6 in order to [*].
		

		
			 
		

		
			The terms “herein”, “hereof” and “hereunder” and words of similar import refer to this Amendment N°6. Capitalized terms used herein and not otherwise defined herein will have the meanings assigned thereto in the Agreement.
		

		
			 
		

		
			NOW IT IS HEREBY AGREED AS FOLLOWS:
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

			

					

						Amendment No6 to the ALC A330-900neo Purchase Agreement

					

						Ref. CLC - CT1901550

					

					

						Page 2/4

				

		

			 

		

 

		

		
			 
		

		
			1          [*]
		

		
			 
		

		
			 
		

		
			2          INCONSISTENCY AND CONFIDENTIALITY
		

		
			 
		

		
			2.1       In the event of any inconsistency between the terms and conditions of the Agreement and those of this Amendment N°6, 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.
		

		
			 
		

		
			2.2       This Amendment N°6 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.
		

		
			 
		

		
			2.3       This Amendment N°6 shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party without the prior consent of the other Party except as may be required by law, or to professional advisors for the implementation hereof.
		

		
			 
		

		
			3          COUNTERPARTS
		

		
			 
		

		
			This Amendment N°6 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.
		

		
			 
		

		
			4          LAW AND JURISDICTION
		

		
			 
		

		
			This Amendment N°6 will be governed by and construed and the performance thereof will be determined in accordance with the laws of the State of New York, without giving effect to its conflicts of laws provisions that would result in the application of the law of any other jurisdiction.
		

		
			 
		

		
			The other provisions of Clause 22.6 of the Purchase Agreement shall apply to this Amendment N°6 as if the same were set out in full herein, mutatis mutandis.
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

			

					

						Amendment No6 to the ALC A330-900neo Purchase Agreement

					

						Ref. CLC - CT1901550

					

					

						Page 3/4

				

		

			 

		

 

		

		
			 
		

		
			IN WITNESS WHEREOF this Amendment N°6 was entered into the day and year first above written.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						For and on behalf of

					
					
						 

					
					
						For and on behalf of

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						AIR LEASE CORPORATION

					
					
						 

					
					
						AIRBUS S.A.S.

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						/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

				

		
			 
		

		
			 
		

		 

		

			 

		

			

					

						Amendment No6 to the ALC A330-900neo Purchase Agreement

					

						Ref. CLC - CT1901550

					

					

						Page 4/4

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