Document:

Unassociated Document

    
      
        Exhibit
4.21

         

      

      
        

      

    

    
      
        

      

       

    Agreement
in relation to

    The
Absorption of Shanghai Airlines Co., Ltd by way of Share Exchange

    By

    China
Eastern Airlines Corporation Limited

    

    

    
      
        

      

    

    

    

    

    

    10
July 2009

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      
        Agreement
in relation to The Absorption of Shanghai Airlines by way of Share Exchange by
CEA

      

      
        

      

    

     

    Contents

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    	Article
      1 Definitions	4
	 	 
	Article
      2 Absorption	8
	 	 	 
	
                                            2.1

                                          	
                                            Approach
      to the Absorption

                                          	8
	 	 	 
	
                                            2.2

                                          	
                                            Consideration
      for the Absorption – Share Exchange

                                          	9
	 	 	 
	
                                            2.3

                                          	
                                            Protection
      Mechanism for SA Dissenting Shareholders – SA Dissenting Shareholder Cash
      Alternative

                                          	10
	
                                             

                                          	
                                            
                                              2.3.1
      SA Dissenting Shareholder Cash
      Alternative

                                            

                                          	10
	
                                             

                                          	
                                            
                                              2.3.2
      Regarding the subject of the SA Dissenting Shareholder Cash
      Alternative

                                            

                                          	10
	
                                             

                                          	
                                            
                                              2.3.3
      Regarding declaration and exercise of SA Dissenting Shareholder
      Cash Alternative

                                            

                                          	11 
	 	 	 
	
                                            2.4

                                          	
                                            Protection
      Mechanism for CEA Dissenting Shareholders – CEA Dissenting Shareholder
      Buy-back Alternative

                                          	11 
	
                                             

                                          	
                                            
                                              2.4.1
      CEA Dissenting Shareholder Buy-back
    Alternative

                                            

                                          	12 
	
                                             

                                          	
                                            
                                              2.4.2
      Regarding the subject of the CEA Dissenting Shareholder Buy-back
      Alternative

                                            

                                          	12 
	
                                             

                                          	
                                            
                                              2.4.3
      Regarding declaration and exercise of CEA Dissenting Shareholder
      Buy-back Alternative

                                            

                                          	13 
	 
      	 
      	 
	
                                            Article
      3 Effect and Conditions Precedent

                                          	13 
	 
      	 
      	 
	
                                            Article
      4  Pre-settlement Preparation

                                          	15 
	 
      	 
      	 
	
                                            Article
      5 Settlement

                                          	16 
	 
      	 
      	 
	
                                            5.1

                                          	
                                            Settlement
      of Assets

                                          	16 
	
                                            5.2

                                          	
                                            Share
      Registration

                                          	17 
	 
      	 
      	 
	
                                            Article
      6 Undertaking by CEA

                                          	17 
	 
      	 
      	 
	
                                            6.1

                                          	
                                            Further
      actions

                                          	17
	
                                            6.2

                                          	
                                            Announcement

                                          	18
	
                                            6.3

                                          	
                                            No
      ex-right or ex-dividend

                                          	18

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

      
        
          Agreement
in relation to The Absorption of Shanghai Airlines by way of Share Exchange by
CEA

        

        
          

        

      

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          	Article
      7 Undertaking by Shanghai Airlines	18
	 	 	 
	
                                                                                  7.1

                                                                                	
                                                                                  Normal
      Operation

                                                                                	18
	
                                                                                  7.2

                                                                                	
                                                                                  Further
      actions

                                                                                	18
	
                                                                                  7.3

                                                                                	
                                                                                  Announcement

                                                                                	18
	
                                                                                  7.4

                                                                                	
                                                                                  Restricted
      behaviour

                                                                                	19
	
                                                                                  7.5

                                                                                	
                                                                                  No
      ex-right or ex-dividend

                                                                                	19
	 
      	 
      	 
	
                                                                                  Article
      8 Representations and warranties by CEA

                                                                                	20
	 
      	 
      	 
	
                                                                                  8.1

                                                                                	
                                                                                  Qualification
      of the Subject

                                                                                	20
	
                                                                                  8.2

                                                                                	
                                                                                  Authorization

                                                                                	20
	
                                                                                  8.3

                                                                                	
                                                                                  Free
      from contravention

                                                                                	20
	 
      	 
      	 
	
                                                                                  Article
      9 Representations and warranties by Shanghai Airlines

                                                                                	20
	 	 	 
	
                                                                                  9.1

                                                                                	Qualification
      of the Subject	20
	
                                                                                  9.2

                                                                                	Authorization	21
	
                                                                                  9.3

                                                                                	Free
      from contravention	21
	
                                                                                  9.4

                                                                                	Financial
      statements	21
	
                                                                                  9.5

                                                                                	Subsidiary
      bodies of Shanghai Airlines	21
	
                                                                                  9.6

                                                                                	Material
      assets	22
	
                                                                                  9.7

                                                                                	Intellectual
      property rights	22
	
                                                                                  9.8

                                                                                	Free
      from undisclosed debts	22
	
                                                                                  9.9

                                                                                	Environmental
      Protection	23
	
                                                                                  9.10

                                                                                	Staff
      members	23
	
                                                                                  9.11

                                                                                	Insurance	23
	
                                                                                  9.12

                                                                                	Litigation	23
	
                                                                                  9.13

                                                                                	Taxation	24
	 	 
      	 
	
                                                                                  Article
      10 Taxation

                                                                                	24
	 
      	 
      	 
	
                                                                                  Article
      11 Confidentiality

                                                                                	24
	 
      	 
      	 
	
                                                                                  Article
      12 Default Liability

                                                                                	25
	 
      	 
      	 
	
                                                                                  Article
      13 Force Majeure Events

                                                                                	25
	 
      	 
      	 
	
                                                                                  Article
      14 Termination of Agreement

                                                                                	26
	 	 
	
                                                                                  14.1

                                                                                	
                                                                                  Circumstances
      Leading to Agreement Termination

                                                                                	26
	
                                                                                  14.2

                                                                                	
                                                                                  Consequence
      of Agreement Termination

                                                                                	26
	 
      	 
      	 
	
                                                                                  Article
      15 Governing Law and Dispute Settlement

                                                                                	27
	 	 
	
                                                                                  15.1

                                                                                	
                                                                                  Governing
      Law

                                                                                	27
	
                                                                                  15.2

                                                                                	
                                                                                  Dispute
      Settlement

                                                                                	27
	 
      	 
      	 
	
                                                                                  Article
      16 Miscellaneous

                                                                                	28
	 	 
	
                                                                                  16.1

                                                                                	
                                                                                  Notices

                                                                                	28
	
                                                                                  16.2

                                                                                	
                                                                                  Amendment
      of Agreement

                                                                                	29
	
                                                                                  16.3

                                                                                	
                                                                                  Waivers

                                                                                	29
	
                                                                                  16.4

                                                                                	
                                                                                  Severability

                                                                                	29
	
                                                                                  16.5

                                                                                	
                                                                                  Counterparts
      and Effectiveness

                                                                                	29

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
        
        

      

      
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          Agreement
in relation to The Absorption of Shanghai Airlines by way of Share Exchange by
CEA

        

        
          

        

      

    

    This  Agreement
in relation to The Absorption of Shanghai Airlines Co., Ltd by way of Share
Exchange By China Eastern Airlines Corporation Limited (hereinafter referred to
as the “Agreement”) was signed by the Parties in Shanghai on 10 July
2009.

    

    Absorbing
Party:

    China
Eastern Airlines Corporation Limited (hereinafter referred to as
“CEA”)

    Registered
address: 66 Airport Street, Pudong International Airport, Shanghai,
China

    Statutory
Representative:Liu
Shaoyong

    

    Absorbed
Party:

    Shanghai
Airlines Co., Ltd  (hereinafter referred to as “Shanghai
Airlines”)

    Registered
address: 100 Airport Street, Pudong International Airport, Shanghai,
China

    Statutory
Representative: Zhou Chi

    

    Whereas:

    

    
      	
              1.

            	
              CEA
      is a company limited by shares established and registered at Shanghai
      Administration for Industry and Commerce and is listed on SSE as approved
      by CSRC (stock code: 600115), with a registered address at 66 Airport
      Street, Pudong International Airport, Shanghai,
  China;

            

    

    

    
      	
              2.

            	
              Shanghai
      Airlines is a company limited by shares established and registered at
      Shanghai Administration for Industry and Commerce and is listed on SSE as
      approved by CSRC (stock code: 600591), with a registered address at 100
      Airport Street, Pudong International Airport, Shanghai,
    China;

            

    

    

    
      	
              3.

            	
              CEA
      intends to absorb Shanghai Airlines by way of share exchange, and Shanghai
      Airlines intends to be absorbed by CEA;
and

            

    

    

    
      	
              4.

            	
              The
      Parties are willing to make certain agreements, representations,
      warranties and undertakings in relation to the Absorption, and to make
      corresponding arrangements in relation to the terms and conditions
      applicable to the completion of the
Absorption.

            

    

    

    Now
therefore, the Parties hereby reach this Agreement out of free will and on the
basis of equality and integrity, after friendly negotiations and in accordance
with relevant laws, regulations and governing documents including the Company
Law of the People’s Republic of China, the Securities Law of the People’s
Republic of China and the Contract Law of the People’s Republic of
China.

     

    
      
        
        

      

      
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          Agreement
in relation to The Absorption of Shanghai Airlines by way of Share Exchange by
CEA

        

        
          

        

         

      

    

    Article
1 Definitions

    

    For the
purpose of this Agreement, unless otherwise agreed under this Agreement or the
context requires otherwise, the following expressions shall have the following
meanings when used in this Agreement:

    

    
      
        	
                “Absorbing
      Party”,“CEA”:

                 

              	 
      	
                China
      Eastern Airlines Corporation Limited (中国东方航空股份有限公司).

              
	
                “Absorbed
      Party”,

                “Shanghai
      Airlines”:

                 

              	 
      	
                 

                Shanghai
      Airlines Co., Ltd (上海航空股份有限公司).

              
	
                “Party”,“Parties”:

              	 
      	
                China
      Eastern Airlines Corporation Limited and/or Shanghai Airlines Co.,
      Ltd,where a
      Party refers to either of them and the Parties refer to both of
      them.

                 

              
	
                “Subsisting
      Company”:

              	 
      	
                China
      Eastern Airlines Corporation Limited as in a state subsisting upon
      completion of the implementation of the Absorption.

                 

              
	
                “PRC”:

              	 
      	
                The
      People’s Republic of China which for the purpose of this Agreement shall
      not include Hong Kong Special Administrative Region, Macau Special
      Administrative Region and Taiwan.

                 

              
	
                “SSE”:

              	 
      	
                Shanghai
      Stock Exchange.

                 

              
	
                “SSE
      Listing Rules”:

              	 
      	
                The
      Rules Governing the Listing of Securities on Shanghai Stock Exchange
      (上海证券交易所股票上市规则).

                 

              
	
                “Registration
      and Clearing Body”:

              	 
      	
                The
      Shanghai branch of China Securities Registration and Clearing Company
      Limited (中国证券登记结算有限责任公司上海分公司).

                 

              

      

       

      
        
          
          

        

        
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            Agreement
in relation to The Absorption of Shanghai Airlines by way of Share Exchange by
CEA

          

          
            

          

           

        

      

      
        	
                “A
      Share”:

              	 
      	
                Shall,
      for the purpose of this Agreement, refer to the domestically-listed
      RMB-denominated ordinary shares with a par value of RMB1 per
      share.

                 

              
	
                “CSRC”:

              	 
      	
                China
      Securities Regulatory Commission (中国证券监督管理委员会).

                 

              
	
                “Absorption”:

              	 
      	
                Refers
      to, under the terms and conditions of this Agreement, the acts or matters
      of the absorption by CEA of Shanghai Airlines by way of Share Exchange,
      the listing of the A Shares issued by CEA on SSE, delisting of Shanghai
      Airlines and cancellation of its legal person status, and the transfer to
      CEA of all Transferred Assets of Shanghai Airlines.

                 

              
	
                “Share
      Exchange”:

              	 
      	
                As
      part of this Absorption, the acts or matters of the exchange of shares in
      Shanghai Airlines held by eligible holders of shares of Shanghai Airlines
      for the shares issued by CEA in relation to this Absorption at the Share
      Exchange Ratio.

                 

              
	
                “Share
      Exchange Ratio”:

              	 
      	
                As
      stipulated in Article 2.2.1 under this Agreement, the ratio at which one
      share in Absorbed Party can exchange for share in Absorbing Party as part
      of the Absorption, namely, 1 share in Shanghai Airlines can be exchanged
      for 1.3 shares issued by CEA under the Absorption as stipulated under this
      Agreement.

                 

              
	
                “Audit
      Reference Date”:

              	 
      	
                30
      June 2009, the reference date for audit in relation to this Absorption as
      determined by the Parties.

                 

              
	
                “Effective
      Date”:

              	 
      	
                The
      date on which the conditions precedent as stipulated under Article 3 of
      this Agreement shall be satisfied (or when all those conditions which are
      not yet satisfied are waived pursuant to this Agreement).

                 

              
	
                “Transitional
      Period”:

              	 
      	
                The
      period commencing the date of signing this Agreement and ending on the
      date of completion of the Absorption.

                 

              
	
                “Share
      Exchange Date”:

              	 
      	
                The
      date on which the shares issued by CEA to shareholders of Shanghai
      Airlines in settlement of the consideration for this Absorption are
      registered under the names of shareholders of Shanghai Airlines by the
      Registration and Clearing Body, the exact date of which is to be agreed,
      determined and announced by the respective board of directors of the
      Parties.

                 

              

      

       

      
        
          
          

        

        
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          Agreement
in relation to The Absorption of Shanghai Airlines by way of Share Exchange by
CEA

        

        
          

        

      

       

      
        
          
            	
                    “Price
      Determination Date” of CEA and Shanghai Airlines:

                  	 
      	
                    The
      date of announcing the resolution of the first meeting of the respective
      board of directors of CEA and Shanghai Airlines for considering matters
      relating to the Absorption.

                     

                  
	 	 	
                     

                  
	
                    “Settlement
      Date”

                  	 
      	
                    Shall
      be the same date as the Share Exchange Date or such later date as the
      Parties shall agree, on which all Transferred Assets of Shanghai Airlines
      shall be received by CEA and enjoyed and borne by the Receiving
      Party.

                  
	 
      	 
      	
                     
      

                  
	
                    “Absorption
      Completion Date”

                  	 
      	
                    The
      later of the date of completion of relevant industrial and commercial
      change registration by CEA in relation to the Absorption and the date of
      completion of cancellation of company registration by Shanghai Airlines in
      relation to the Absorption.

                  
	 
      	 
      	
                     
      

                  
	
                    ‘‘CEA
      Dissenting Shareholders’’

                     

                  	 
      	
                    The
      Shareholders of CEA who voted against the Absorption by making effective
      dissenting votes at the shareholders’ meetings of the Company convened for
      the purpose of approving the Absorption, and continuously holds the Shares
      representing the effective dissenting votes until CEA Dissenting
      Shareholder Buy-back Alternative Exercise Day.

                     

                  
	
                    ‘‘CEA
      Dissenting Shareholder Buy-back Alternative’’

                  	 
      	
                    The
      right of the eligible CEA Dissenting Shareholder to require the Dissenting
      Shareholder Buy-back Alternative Provider to buy back and/ or accept
      transfer of all or part of its CEA Shares in cash at the price stipulated
      under Article 2.4.1.2 of this Agreement.

                  
	 	 	
                     

                  
	
                    “Dissenting
      Shareholder Buy-back Alternative Provider”

                  	 
      	
                    A
      third-party legal entity, as designated by CEA, which shall, at the CEA
      Dissenting Shareholder Buy-back Alternative Exercise Day, pay the CEA
      Dissenting Shareholders who successfully declare the exercise of CEA
      Dissenting Shareholder Buy-back Alternative in cash in exchange for the
      whole or part of shares in
CEA.

                  

          

        

      

       

      
        
          
          

        

        
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            Agreement
in relation to The Absorption of Shanghai Airlines by way of Share Exchange by
CEA

          

          
            

          

           

        

      

      
        
          
            	
                    “CEA
      Dissenting Shareholder Buy-back Alternative Declaring Period”:

                  	 
      	
                    The
      period during which eligible CEA Shareholders may request exercise of the
      CEA Dissenting Shareholder Buy-back Alternative, which period shall be
      determined and announced by the board of directors of CEA.

                     

                  
	 	 	
                     

                  
	
                    “CEA
      Dissenting Shareholder Buy-back Alternative Exercise

                    Day”

                     

                  	 
      	
                    The
      date, to be determined and announced by the board of directors of CEA, on
      which the Dissenting Shareholder Buy-back Alternative Provider shall
      accept transfer of shares from CEA Dissenting Shareholder who successfully
      declare the exercise of CEA Dissenting Shareholder Buy-back Alternative,
      and pay the consideration in cash.

                     

                  
	 
      	 
      	
                     
      

                  
	
                    “SA
      Dissenting Shareholder”:

                  	 
      	
                    Shareholder
      of Shanghai Airlines who has voted against the Absorption by making
      effective dissenting votes at the shareholders’ meeting [of Shanghai
      Airlines] convened for the purpose of approving the Absorption, and
      continuously holds the shares representing the effective dissenting votes
      until the SA Dissenting Shareholders Cash Alternative Exercise
      Day.

                     

                  
	
                    “SA
      Dissenting Shareholders Cash Alternative”:

                  	 
      	
                    The
      right of the eligible SA Dissenting Shareholder to request the Cash
      Alternative Provider to buy all or part of its Shanghai Airlines shares in
      cash at the price stipulated under Article 2.3.1.2 of this
      Agreement.

                     

                     

                  
	
                    “SA
      Dissenting Shareholder Cash Alternative Declaring Period”:

                     

                  	 
      	
                    The
      period to be determined and announced by the board of directors of the
      Parties in which the eligible Shanghai Airlines shareholders may request
      exercise of SA Dissenting Shareholder Cash Alternative.

                     

                  
	
                    “SA
      Dissenting Shareholder Cash Alternative Exercise Day”:

                  	 
      	
                    The
      date, to be determined and announced by the board of directors of the
      Parties, on which the Cash Alternative Provider shall accept transfer of
      shares from SA Dissenting Shareholder who successfully declare the
      exercise of SA Dissenting Shareholder Cash Alternative, and pay the
      consideration in cash.

                     

                  

          

        

         

        
          
            
            

          

          
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            Agreement
in relation to The Absorption of Shanghai Airlines by way of Share Exchange by
CEA

          

          
            

          

        

         

        
          	
                  “Cash
      Alternative Provider”

                	 
      	
                  A
      third-party legal entity, as designated by CEA, which shall, at the SA
      Dissenting Shareholder Cash Alternative Exercise Day, pay the SA
      Dissenting Shareholders who successfully declare the exercise of SA
      Dissenting Shareholder Cash Alternative in cash in exchange for the whole
      or part of shares in Shanghai Airlines.

                   

                
	
                  “RMB”:

                	 
      	
                  Renminbi.

                   

                
	
                  “Trading
      Day”:

                	 
      	
                  The
      days on which shares in companies listed on SSE may be traded freely and
      lawfully by eligible investors.

                   

                
	
                  “Transferred
      Assets”:

                	 
      	
                  All
      assets, liabilities, business operations, human resources, contracts and
      all other rights and obligations, including but not limited to all
      operating licence, registration and filing and route operating rights, of
      Shanghai Airlines, to be transferred to CEA or its designated Receiving
      Party, upon the Absorption becoming effective.

                   

                
	
                  “Receiving
      Party”:

                	 
      	
                  CEA
      or a wholly-owned subsidiary under CEA for receiving all Transferred
      Assets from Shanghai Airlines on or after the Settlement
Date.

                   

                
	
                  “Normal
      Businesses”

                	 
      	
                  All
      business activities included within the scope of operations stipulated
      under the corporate legal person business licence of Shanghai Airlines and
      its subsidiary bodies, including but not limited to the signing by
      Shanghai Airlines and its subsidiary bodies with third parties of aviation
      fuel procurement agreements, aviation materials procurement agreements,
      aviation materials leasing agreements, aircrafts and aviation materials
      repair agreements, ground agency services agreements, loan agreements and
      operational premises leasing
agreements.

                

        

      

    

     

    Article
2     Absorption

    

    
      	
              2.1

            	
              Approach
      to the Absorption

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    
      
        
          Agreement
in relation to The Absorption of Shanghai Airlines by way of Share Exchange by
CEA

        

        
          

        

      

    

     

    
      	
            	
              2.1.1

            	
              Under
      the terms and conditions of this Agreement, CEA and Shanghai Airlines
      agree that CEA shall absorb Shanghai Airlines by way of Share
      Exchange.

            

    

    

    
      	
            	
              2.1.2

            	
              Upon
      completion of the Absorption, subject to the competent governmental
      authorities granting approval and/or relevant parties to contracts
      consenting the same, all of the Transferred Assets of Shanghai Airlines
      shall be transferred to the Receiving
Party.

            

    

    

    
      	
            	
              2.1.3

            	
              Upon
      completion of the Absorption, CEA, being the Absorbing Party to and a
      subsisting party of the Absorption, shall undergo relevant change
      registration procedures; Shanghai Airlines, being the Absorbed Party to
      and a non-subsisting party of the Absorption, shall undergo registration
      cancellation procedures upon transfer of all the Transferred Assets to the
      Receiving Party.

            

    

    

    
      	
            	
              2.1.4

            	
              Undistributed
      profits of CEA and Shanghai Airlines accumulated prior to the completion
      of the Absorption shall be enjoyed among new and existing shareholders of
      CEA upon completion of the
Absorption.

            

    

    

    
      	
              2.2

            	
              Consideration
      for the Absorption – Share Exchange

            

    

    

    
      	
              
              

            	
              2.2.1

            	
              The
      consideration for the Absorption was determined by and between CEA and
      Shanghai Airlines based on the respective prices of their A shares in the
      secondary market on the Price Determination Date. The share exchange price
      for CEA shall be the average trading price of A shares of CEA on the 20
      Trading Days immediately prior to the Price Determination Date, being
      RMB5.28 per share. The share exchange price for Shanghai Airlines shall be
      the average trading price of A shares of Shanghai Airlines on the 20
      Trading Days immediately prior to the Price Determination Date, being
      RMB5.50 per share. The Parties have agreed that to a risk premium of
      approximately 25% will be provided to Shanghai Airlines in the Share
      Exchange to compensate Shanghai Airlines shareholders for the risk
      associated with participation in the Share Exchange, resulting in a Share
      Exchange Ratio of 1:1.3 between Shanghai Airlines and CEA, namely every
      one share in Shanghai Airlines may be exchanged for 1.3 shares in
      CEA.

            

    

    

    
      	
              
              

            	
              2.2.2

            	
              The
      Share Exchange Ratio stipulated under this Article shall not be adjusted
      except where ex-right or ex-dividend events occur to any of the Parties
      prior to the Share Exchange Date or adjustment to the share exchange price
      shall be required under relevant laws, regulations or regulatory
      authorities.

            

    

    

    
      	
              
              

            	
              2.2.3

            	
              Holders
      of shares in Shanghai Airlines as at the Share Exchange Date shall be
      entitled to and shall, on the Share Exchange Date, exchange all of their
      shares in Shanghai Airlines, including the shares in Shanghai Airlines to
      be acquired as a result of the SA Dissenting Shareholder Cash Alternative
      provided to SA Dissenting Shareholders by Cash Alternative Provider in
      accordance with the Share Exchange Ratio as stipulated under Article
      2.2.1, for shares in CEA.

            

    

     

    
      
        
        

      

      
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          Agreement
in relation to The Absorption of Shanghai Airlines by way of Share Exchange by
CEA

        

        
          

        

      

    

    
      	
              
              

            	
              2.2.4

            	
              For
      fractional shares: Upon Share Exchange, the CEA Shares to be acquired by
      shareholders of Shanghai Airlines shall be in whole integral number. If
      the number of CEA Shares to be acquired under the Share Exchange by
      shareholders of Shanghai Airlines, calculated based on the Share Exchange
      Ratio, shall not be in whole integral number, those fractional shares
      shall be handled in accordance with the relevant provisions governing
      fractional shares as stipulated by
SSE.

            

    

    

    
      	
              2.3

            	
              Protection
      Mechanism for SA Dissenting Shareholders – SA Dissenting Shareholder Cash
      Alternative

            

    

     

    
      
        
          	
                	
                  2.3.1

                	
                  SA
      Dissenting Shareholder Cash
Alternative

                

        

      

       

    

    
      	
              
              

            	
              2.3.1.1

            	
              To
      safeguard the interest of Shanghai Airlines shareholders, and limit the
      investment loss to be caused by such uncertainty as share price
      fluctuation of the Subsisting Company after the Absorption, the Parties
      unanimously agree to grant the SA Dissenting Shareholder Cash Alternative
      to SA Dissenting Shareholders.

            

    

    

    
      	
              
              

            	
              2.3.1.2

            	
              By
      exercising the SA Dissenting Shareholder Cash Alternative, a SA Dissenting
      Shareholder may, on the SA Dissenting Shareholder Cash Alternative
      Exercise Day, obtain cash consideration in the amount of RMB5.50 per share
      to be paid by Cash Alternative Provider in accordance with the share
      exchange price of Shanghai Airlines in respect of every share in Shanghai
      Airlines validly declared.

            

    

    

    
      
        	
              	
                2.3.2

              	
                Regarding
      the subject of the SA Dissenting Shareholder Cash
    Alternative

              

      

    

    

    
      	
               
      

            	
              2.3.2.1

            	
              An
      SA Dissenting Shareholder who made effective dissenting votes at the
      shareholders’ meeting of Shanghai Airlines convened for the purpose of
      approving the Absorption and continuously holds the shares representing
      the effective dissenting votes until the SA Dissenting Shareholders Cash
      Alternative Exercise Day, and successfully complete the process of
      declaration during the SA Dissenting Shareholder Cash Alternative
      Declaring Period, may exercise the SA Dissenting Shareholder Cash
      Alternative. Whether a vote shall constitute an effective dissenting vote
      shall be based on the objection clearly expressed on a valid vote to be
      complete on-site at the general meeting by the shareholder or his
      delegated person, as applicable to those shareholders who participate in
      the voting-on-site and regardless of any of his prior online voting. For
      those shareholders who only participate in online voting, it should base
      on the record on the relevant voting system adopted on the online voting
      facilities.

            

    

     

    
      
        
        

      

      
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              2.3.2.2

            	
              An
      SA Dissenting Shareholder shall be entitled to exercise his Cash
      Alternative such that the number of shares shall not exceed the lower of
      the following: (i) the number of shares as represented by the effective
      dissenting votes; (ii) the lowest value of the SA Shares held by SA
      Dissenting Shareholder during the period from the date of share
      registration for the purpose of the general meeting held by Shanghai
      Airlines for approval the Absorption up to SA Dissenting Shareholder Cash
      Alternative Exercise Day.

            

    

    

    
      	
               
      

            	
              2.3.2.3

            	
              An
      SA Dissenting Shareholder holding the following shares who wish to
      exercise SA Dissenting Shareholder Cash Alternative in respect of his
      shareholding shall only be able to undergo the Share Exchange as
      stipulated under this Agreement: (i) shares with trading moratorium held
      by directors, supervisors and senior management of Shanghai Airlines; (ii)
      SA Shares under pledge, other third-party rights or frozen under judicial
      order; (iii) shares the legal holder of which has undertaken to Shanghai
      Airlines to waive SA Dissenting Shareholder Cash Alternative; (iv)
      [Dissenting shares] already sold by SA Dissenting Shareholder; and (v)
      other shares which are not eligible under the law to exercise SA
      Dissenting Shareholder Cash
Alternative.

            

    

     

    
      	
              
              

            	
              2.3.3

            	
              Regarding
      declaration and exercise of SA Dissenting Shareholder Cash
      Alternative

            

    

    

    Declaration,
clearing and settlement in respect of SA Dissenting Shareholder Cash Alternative
shall be implemented in accordance with relevant business rules issued by SSE
and Registration and Clearing Body, detailed implementation plan of which shall
be formulated and announced by the respective board of directors of the
Parties.

    

    
      	
              2.4

            	
              Protection
      Mechanism for CEA Dissenting Shareholders – CEA Dissenting Shareholder
      Buy-back Alternative

            

    

     

    
      
        
        

      

      
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                2.4.1

              	
                CEA
      Dissenting Shareholder Buy-back
Alternative

              

      

    

    

    
      	
              
              

            	
              2.4.1.1

            	
              To
      safeguard the interest of CEA shareholders, and limit the investment loss
      to be caused by such uncertainty as share price fluctuation of the
      Subsisting Company after the Absorption, the Parties unanimously agree to
      grant the CEA Dissenting Shareholder Buy-back Alternative to CEA
      Dissenting Shareholders.

            

    

    

    
      	
              
              

            	
              2.4.1.2

            	
              By
      exercising the CEA Dissenting Shareholder Buy-back Alternative, a CEA
      Dissenting Shareholder may, on the CEA Dissenting Shareholder Buy-back
      Alternative Exercise Day, obtain cash consideration in the amount of
      RMB5.28 per share for A Shares and HK$1.56 per share for H Shares, as
      determined and announced based on the average trading price during the
      period of 20 Trading Days prior to the Price Determination Date, to be
      paid by Dissenting Shareholder Buy-back Alternative Provider, in respect
      of every share in CEA validly
declared.

            

    

    

    
      	
              
              

            	
              2.4.1.3

            	
              CEA
      shall be entitled to arrange any third party to be the Dissenting
      Shareholder Buy-back Alternative Provider to acquire the CEA shares to be
      sold by and at the request of CEA Dissenting Shareholders. In such a case,
      those CEA Dissenting Shareholders shall not [claim] the aforesaid CEA
      Dissenting Shareholder Buy-back Alternative to CEA or any CEA shareholders
      who consent to the Absorption.

            

    

     

    
      
        
          	
                	
                  2.4.2 

                	
                  Regarding
      the subject of the CEA Dissenting Shareholder Buy-back
      Alternative

                

        

      

    

    

    
      
        	
              	
                2.4.2.1

              	
                A
      CEA Dissenting Shareholder who made effective dissenting votes at the
      shareholders’ meeting [of CEA] convened for the purpose of approving the
      Absorption and continuously holds the shares representing the effective
      dissenting votes until the CEA Dissenting Shareholders Buy-back
      Alternative Exercise Day, and successfully complete the process of
      declaration during the Buy-back Alternative Declaring Period, may exercise
      the CEA Dissenting Shareholder Buy-back Alternative. Whether a vote shall
      constitute an effective dissenting vote shall be based on the objection
      clearly expressed on a valid vote to be complete on-site at the general
      meeting by the shareholder or his delegated person, as applicable to those
      shareholders who participate in the voting-on-site and regardless of any
      of his prior online voting. For those shareholders who only participate in
      online voting, it should base on the record on the relevant voting system
      adopted on the online voting
facilities.

              

      

    

     

    
      
        
        

      

      
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              2.4.2.2

            	
              A
      CEA Dissenting Shareholder shall be entitled to exercise his CEA
      Dissenting Shareholder Buy-back Alternative such that the number of shares
      shall not exceed the lower of the following: (i) the number of shares as
      represented by the effective dissenting votes; (ii) the lowest value of
      the CEA shares held by CEA Dissenting Shareholder during the period from
      the date of share registration for the purpose of the general meeting held
      by CEA for approval the Absorption up to CEA Dissenting Shareholder
      Buy-back Alternative Exercise Day.

            

    

    

    
      	
              
              

            	
              2.4.2.3

            	
              A
      CEA Dissenting Shareholder holding the following shares shall not be
      entitled to exercise CEA Dissenting Shareholder Buy-back Alternative in
      respect of his shareholding: (i) shares with trading moratorium held by
      directors, supervisors and senior management of CEA; (ii) CEA Shares under
      pledge, other third-party rights or frozen under judicial order; (iii)
      shares the legal holder of which has undertaken to CEA to waive CEA
      Dissenting Shareholder Buy-back Alternative; (iv) [Dissenting shares]
      already sold by CEA Dissenting Shareholder; and (v) other shares which are
      not eligible under the law to exercise CEA Dissenting Shareholder Buy-back
      Alternative.

            

    

     

    
      
        
          
            	
                  	
                    2.4.3

                  	
                    Regarding
      declaration and exercise of CEA Dissenting Shareholder Buy-back
      Alternative

                  

          

        

      

       

    

    Declaration,
clearing and settlement in respect of CEA Dissenting Shareholder Buy-back
Alternative shall be implemented in accordance with relevant business rules
issued by SSE and Registration and Clearing Body, detailed implementation plan
of which shall be formulated and announced by the board of directors of
CEA.

    

    Article
3 Effect and Conditions Precedent

    

    
      	
              3.1

            	
              This
      Agreement and the Absorption shall become effective on the date on which
      the following conditions are
satisfied:

            

    

    

    
      	
               
      

            	
              (1)

            	
              This
      Agreement being signed by the respective statutory representatives or
      their delegated persons and being stamped with the respective common seals
      of the Parties;

            

    

    

    
      	
               
      

            	
              (2)

            	
              A
      resolution being passed at shareholders’ general meeting A Share class
      meetings and H Share class meeting to be convened by CEA and shareholders’
      general meeting to be convened by Shanghai Airlines, approving this
      Agreement and relevant matters under this
  Agreement;

            

    

    

    
      	
               
      

            	
              (3)

            	
              State-owned
      assets supervision and administration authority approving this
      Absorption;

            

    

     

    
      
        
        

      

      
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              (4)

            	
              Governing
      authorities of the civil aviation industry approving this
      Absorption;

            

    

    

    
      	
               
      

            	
              (5)

            	
              the
      Absorption passing the anti-trust investigation to be conducted by the
      Ministry of Commerce;

            

    

    

    
      	
               
      

            	
              (6)

            	
              CSRC
      approving this Absorption; and

            

    

    

    
      	
               
      

            	
              (7)

            	
              Obtaining
      the waiver from CSRC in relation to the requirement of a general offer by
      CEA Holding (if applicable).

            

    

    

    
      	
              3.2

            	
              The
      Parties unanimously agree that if, for whatever reasons, any of CEA or
      Shanghai Airlines fails to release a corresponding notice of general
      meeting within six months upon the first meeting of the board of directors
      on which the relevant matters in relation to the Absorption were
      considered, CEA and Shanghai Airlines shall convene a meeting of their
      respective board of directors again for considering and approving the
      relevant matters in relation to the Absorption, and a new Price
      Determination Date for the purpose of the Absorption of Shanghai Airlines
      by way of Share Exchange shall be determined as the same as date of
      announcement of the resolution of the board meeting so convened; the share
      exchange price, Share Exchange Ratio and the price of SA Dissenting
      Shareholder Cash Alternative under this Agreement shall be determined
      again. In circumstances where such re-convention of meeting of the board
      of directors shall become required, supplemental agreements shall be
      entered into in relation to the re-determination of share exchange price,
      Share Exchange Ratio, the price of SA Dissenting Shareholder Cash
      Alternative and other relevant changes arising from such
      circumstances.

            

    

    

    
      	
              3.3

            	
              The
      Parties shall endeavour to procure fulfillment of all the aforesaid
      conditions precedent within 12 months upon announcement of the resolution
      of their respective shareholders’ general meeting in relation to the
      Absorption or by such later date as the Parties may agree in writing
      (hereinafter referred to as “Closing
Period”).

            

    

    

    
      	
              3.4

            	
              If
      any of the conditions precedent set out in Article 3.1 shall not be
      satisfied or fulfilled within the Closing Period, the Parties shall extend
      the Closing Period in relation to the full or partial waiver of the
      conditions precedent, or [enter into negotiation in relation to
      termination of this Agreement], and the Parties shall seek to reach
      unanimous opinions within 90 days upon expiry of the Closing Date
      (hereinafter referred to as “Negotiation Period”). If the Parties fail to
      reach unanimous opinions by the expiry of the Negotiation Period, this
      Agreement shall be [rescinded] on the expiry date of the Negotiation
      Period.

            

    

     

    
      
        
        

      

      
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    Article
4  Pre-settlement Preparation

    

    
      	
              4.1

            	
              The
      Parties agree, commencing the date of signing of this Agreement, to apply
      in joint efforts to the China Civil Aviation Bureau for transferring, on
      the Settlement Date, all the operations permits, licences related to
      aircrafts and filing registration as well as route operation right of
      Shanghai Airlines under the name of the Receiving
  Party.

            

    

    

    
      	
              4.2

            	
              During
      the period immediately following the signing of this Agreement and up to
      but not including the Settlement Date, Shanghai Airlines shall be
      responsible for: (i) in such manner as is required by law, inform its
      debtors and obtain consent from the creditors of Shanghai Airlines
      (including its subsidiary bodies where necessary) regarding the transfer
      of the debts and credits of Shanghai Airlines to the Receiving Party on
      the Settlement Date, and handle lawfully and reasonably such request as
      may be raised by the creditors for being paid the debts or provided
      guarantee by Shanghai Airlines; (ii) obtain consent from all lessors of
      material assets leased to Shanghai Airlines (and its subsidiary bodies
      where necessary) (including but not limited to the parties claiming a
      right under any finance lease or operation lease) in relation to the
      Absorption, and their signing of written documents to such effect as to
      agree to the transfer of relevant rights and obligations from Shanghai
      Airlines to the Receiving Party with effect from the Settlement Date,
      having them not requesting any amendment to the rights or obligations of
      lessees under such leases; (iii) obtain written consent from any party
      with which Shanghai Airlines and where necessary its subsidiary bodies
      have contract(s) yet to perform, to the effect that all rights and
      obligations of Shanghai Airlines under such outstanding contract(s) shall
      be transferred to the Receiving Party with effect from the Settlement
      Date, and where such party with which the contract(s) is/are signed does
      not provide consent, Shanghai Airlines and its subsidiary bodies shall be
      responsible for undergoing procedures for terminating such contract(s)
      prior to the Settlement Date; (iv) inform, in an appropriate manner, all
      customers, contact points, agents and suppliers of such transfer of
      business operations under this Agreement to make sure that the transferred
      businesses shall be smoothly transferred to the Receiving
      Party.

            

    

    

    
      	
              4.3

            	
              With
      effect from the date of signing of this Agreement, CEA shall be
      responsible for: (i) in such manner as is required by law, informing
      creditors of CEA of this Absorption and obtaining consent from the
      creditors of CEA [regarding the same], and handle lawfully and reasonably
      such request as may be raised by the creditors for being paid the debts or
      provided guarantee by CEA; (ii) (where applicable) obtaining consent from
      all lessors of material assets leased to CEA (including but not limited to
      the parties claiming a right under any finance lease or operation lease)
      in relation to the Absorption.

            

    

     

    
      
        
        

      

      
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Article
5 Settlement

    

    
      	
              5.1

            	
              Settlement
      of Assets

            

    

    

    
      	
            	
              5.1.1

            	
              Shanghai
      Airlines shall, on the Settlement Date, deliver directly to the Receiving
      Party its Transferred Assets, and an Asset Transfer Settlement List shall
      be signed by all of Shanghai Airlines, CEA and the Receiving Party. Since
      the Settlement Date, all rights and obligations relating to the
      Transferred Assets shall in principle be transferred to CEA and be enjoyed
      and borne by the Receiving Party. However, for those Transferred Assets
      the transfer of which shall be subject to third-party consent under the
      laws and regulations of the PRC, the transfer of such rights and
      obligations shall not be regarded as complete until such third party
      consent to the same.

            

    

    

    
      	
            	
              5.1.2

            	
              For
      those Transferred Assets the transfer of interest of which shall be
      subject to filing and registration requirements under the law, the failure
      to complete relevant filing and registration procedures shall not affect
      the normal use of such Transferred Assets by CEA and the Receiving Party,
      including but not limited to the subscription of registered capital of the
      Receiving Party by CEA using the Transferred Assets as its
      contribution.

            

    

    

    
      	
            	
              5.1.3

            	
              Shanghai
      Airlines shall be responsible for undergoing the procedures for physically
      delivering the Transferred Assets to the Receiving Party within four
      months from the Effective Date of this Agreement, and shall undergo
      relevant procedures including filing and registration, including but not
      limited to the filing and registration of land, property, intellectual
      property rights, shareholding interests and the ownership of assets such
      as aircrafts.

            

    

    

    
      	
            	
              5.1.4

            	
              Subject
      to consent from the respective creditors, all debts and credits of
      Shanghai Airlines shall be directly borne by the Receiving Party with
      effect from the Settlement Date, whereas those debts and credits of the
      subsidiary bodies of Shanghai Airlines shall remain with the respective
      subsidiary bodies.

            

    

    

    
      	
            	
              5.1.5

            	
              Upon
      completion of the Absorption, all Shanghai Airlines staff members on roll
      as of the Settlement Date shall be assumed in full by the Receiving Party.
      All prior rights and obligations of Shanghai Airlines and all of its staff
      members shall be enjoyed and borne by the Receiving Party with effect
      from the Settlement Date.

            

    

    

    
      	
            	
              5.1.6

            	
              Shanghai
      Airlines shall, on the Settlement Date, transfer the information about all
      accounts maintained with banks, [reserved] stamps and all common seals and
      corporate seals directly to the Receiving
Party.

            

    

     

    
      
        
        

      

      
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              5.1.7

            	
              Shanghai
      Airlines shall, with effect from the Settlement Date, deliver to the
      Receiving Party all documents including but not limited to the documents
      of shareholders’ general meetings, board meetings and supervisory
      committee meetings since the establishment of Shanghai Airlines, all
      organizational documents and industrial and commercial registration
      documents of Shanghai Airlines since its establishment, all governmental
      approvals obtained since the establishment of Shanghai Airlines, all
      correspondence with governmental departments since the establishment of
      Shanghai Airlines (including but not limited to notices, decisions and
      resolutions), and tax-paying documents since the establishment of Shanghai
      Airlines. Materials to be delivered by Shanghai Airlines to the Receiving
      Party under this provision shall be the original, and copies may be
      provided in place if no original version can be provided. In that case,
      signature by a person-in-charge from Shanghai Airlines who has been
      pre-designated by the Parties shall be required to confirm that the copy
      is an accurate copy of the
original.

            

    

    

    
      	
            	
              5.1.8

            	
              Where
      necessary and upon request by Shanghai Airlines, CEA and the Receiving
      Party shall assist Shanghai Airlines in undergoing procedures for
      delivering the Transferred Assets, including but not limited to the
      issuance or signing of necessary documents and payment of necessary fees
      as stipulated by law.

            

    

    

    
      	
              5.2

            	
              Share
      Registration

            

    

    

    
      	
            	
              5.2.1

            	
              CEA
      shall be responsible, on the Share Exchange Date, for registering the
      shares to be issued to Shanghai Airlines shareholders as consideration for
      the Absorption under the names of Shanghai Airlines shareholders. Shanghai
      Airlines shareholders shall become CEA shareholders with effect from the
      date of registering the respective shares under their respective
      names.

            

    

    

    
      	
            	
              5.2.2

            	
              Shanghai
      Airlines shall provide assistance if such assistance is necessary during
      the course of CEA’s handling the matters mentioned in Article
      5.2.1.

            

    

    

    Article
6 Undertaking by CEA

    

    
      	
              6.1

            	
              Further
      actions

            

    

    

    CEA
agrees that it shall take all such actions and sign all such documents and
instruments as are necessary for the purpose of performing any of the provisions
under this Agreement.

     

    
      
        
        

      

      
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              6.2

            	
              Announcement

            

    

    

    Unless
otherwise in accordance with applicable laws and listing rules of the place of
listing, CEA and its representatives and the professional organizations that it
engages shall not, without prior consent from each other, release any news or
announcements related to transactions contemplated under this Agreement or make
related filing. For those announcements or filing required under applicable laws
and rules of listing place, the party requested to make the announcement or
filing shall, prior to making the same, make reasonable commercial endeavours to
consult with each other and shall endeavour to reflect such reasonable opinions
or recommendations made by each other, subject to compliance with listing rules
of the listing place and relevant opinions expressed by CSRC. The Parties shall
also procure their subsidiary bodies and connected parties to act in compliance
with the provision of this Article.

    

    
      
        	
                6.3 

              	
                No
      ex-right or ex-dividend

              

      

    

    

    CEA
agrees that it shall not engage in any matters which would give rise to any
ex-right or ex-dividend [effect] on its shares during the period from the date
of signing of this Agreement to the Share Exchange Date.

    

    Article
7 Undertaking by Shanghai Airlines

    

    
      	
              7.1 

            	
              Normal
      Operation

            

    

    

    Shanghai
Airlines shall and shall procure that its subsidiary bodies will: (1) operate
its core business based upon past practice and diligent commercial practice in
the ordinary course of business, and (2) do its best endeavour to maintain the
good status of all assets constituting the core business, maintain good
relationship with clients, staff and other related parties, in the interest of
Shanghai Airlines and its subsidiary bodies.

     

    
      	
              7.2

            	
              Further
      actions

            

    

    

    Shanghai
Airlines agrees that it shall take all such actions and sign all such documents
and instruments as are necessary for the purpose of performing any of the
provisions under this Agreement.

     

    
      	
              7.3

            	
              Announcement

            

    

    

    Unless
otherwise in accordance with applicable laws and listing rules of SSE, Shanghai
Airlines and its [representatives] and the professional organizations that it
engages shall not, without prior consent from each other, release any news or
announcements related to transactions contemplated under this Agreement or make
related filing. For those announcements or filing required under applicable laws
and rules of SSE, the party requested to make the announcement or filing shall,
prior to making the same, make reasonable commercial endeavours to consult with
each other and shall endeavour to reflect such reasonable opinions or
recommendations made by each other, subject to compliance with listing rules of
SSE and relevant opinions expressed by CSRC. The Parties shall also procure
their subsidiary bodies and connected parties to act in compliance with the
provision of this Article.

     

    
      
        
        

      

      
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                7.4

              	
                Restricted
      behaviour

              

      

    

    

    During
the Transitional Period, without written consent from CEA, Shanghai Airlines and
its subsidiary bodies shall not do the following (save as being conducted as
part of the normal operation activities of Shanghai and with prior notice to
CEA):

    

    
      	
               
      

            	
              (1)

            	
              Any
      material alteration to the business within the currently existing scope of
      operations or cessation of certain business, outside of the course of
      normal business operation;

            

    

    
      	
               
      

            	
              (2)

            	
              Significant
      matters including any merger, de-merger, share transfer, external
      investment of/by Shanghai Airlines and its subsidiary
    bodies;

            

    

    
      	
               
      

            	
              (3)

            	
              Acquisition,
      sale, lease or otherwise disposal of any assets outside of the course of
      normal business operation;

            

    

    
      	
               
      

            	
              (4)

            	
              Entering
      into any guarantee or indemnity contract, save as those approved at a
      shareholders’ general meeting or board meeting of Shanghai Airlines at the
      time or prior to the signing of this
Agreement;

            

    

    
      	
               
      

            	
              (5)

            	
              Entering
      into any contract outside of normal business
  operation;

            

    

    
      	
               
      

            	
              (6)

            	
              Substantially
      increasing the salary level of any employees, management staff members or
      directors;

            

    

    
      	
               
      

            	
              (7)

            	
              Formulating
      any share scheme, share incentive scheme, employee share trust or share
      ownership scheme;

            

    

    
      	
               
      

            	
              (8)

            	
              Recruiting
      new employees other than as part of a recruitment scheme those already
      identified by Shanghai Airlines on or prior to the date of signing of this
      Agreement;

            

    

    
      	
               
      

            	
              (9)

            	
              Any
      initiation or settlement of any litigation, arbitration or other legal
      procedures which have material effect on any core business of Shanghai
      Airlines and its subsidiary bodies;

            

    

    
      
        	
              	
                (10)

              	
                Making
      any donation in any format.

              

      

    

    

    
      
        	
                7.5

              	
                No
      ex-right or ex-dividend

              

      

    

    

    Shanghai
Airlines agrees that it shall not engage in any matters which would give rise to
any ex-right or ex-dividend [effect] on its shares during the period from the
date of signing of this Agreement to the Share Exchange Date.

     

    
      
        
        

      

      
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    Article
8 Representations and warranties by CEA

    

    On the
date of signing, CEA represents and warrants to Shanghai Airlines as in the
following, which representations and warranties shall remain valid on the
Settlement Date:

     

    
      	
              8.1

            	
              Qualification
      of the Subject

            

    

    

    CEA is a
company limited by shares established and subsisting under the laws of the PRC.
It has full authority [has been appropriately authorized] to operate its
existing business operations, to own its existing properties and assets, and
have the capacity to complete the Absorption transaction contemplated under this
Agreement.

     

    
      	
              8.2

            	
              Authorization

            

    

    

    The
signing of this Agreement has been approved by the board of directors of CEA.
Once it comes into effect, this Agreement shall constitute legal and binding
obligations upon CEA, and shall be enforceable upon CEA in accordance with its
terms.

     

    
      	
              8.3

            	
              Free
      from contravention

            

    

    

    The
signing by CEA of this Agreement and performance by CEA of obligations under
this Agreement: (1) shall not contravene any provisions under its business
licence, establishment agreement, articles of association or similar
organizational documents; (2) shall not contravene any relevant laws or any
governmental authorization or approval; and (3) shall not contravene any other
contracts/agreements to which he is a party (or by which he is bound). Nor is
there any outstanding litigation, arbitration, or other judicial or
administrative procedures which are pending, or potential, or shall affect CEA’s
capacity in fulfilling its obligations under this Agreement.

    

    

    Article
9 Representations and warranties by Shanghai Airlines

    

    On the
date of signing, Shanghai Airlines represents and warrants to CEA as in the
following, which representations and warranties shall remain valid on the
Settlement Date:

    

    
      	
              9.1

            	
              Qualification
      of the Subject

            

    

     

    
      
        
        

      

      
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          Agreement
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    Shanghai
Airlines is a company limited by shares established and subsisting under the
laws of the PRC. It has full authority [has been appropriately authorized] to
operate its existing business operations, to own its existing properties and
assets, and have the capacity to complete the Absorption transaction
contemplated under this Agreement.

    

    
      	
              9.2

            	
              Authorization

            

    

    

    Upon
signing by Shanghai Airlines, this Agreement shall constitute legal and binding
obligations upon Shanghai Airlines, and shall after the Effective Date be
enforceable upon Shanghai Airlines in accordance with its terms.

    

    
      	
              9.3

            	
              Free
      from contravention

            

    

    

    The
signing by Shanghai Airlines of this Agreement and performance by Shanghai
Airlines of obligations under this Agreement: (1) shall not contravene any
provisions under its business licence, establishment agreement, articles of
association or similar organizational documents; (2) shall not contravene any
relevant laws or any governmental authorization or approval; and (3) shall not
contravene any other contracts/agreements to which he is a party (or by which he
is bound). Nor is there any outstanding litigation, arbitration, or other
judicial or administrative procedures which are pending, or potential, or shall
affect Shanghai Airlines’ capacity in fulfilling its obligations under this
Agreement.

    

    
      	
              9.4

            	
              Financial
      statements

            

    

    

    The
financial statements of Shanghai Airlines have been prepared based upon the
books and accounts of itself or of its consolidated subsidiary bodies, and in
all material respects comply with applicable accounting standards and published
rules and regulations of the PRC. It fairly reflects the consolidated financial
position, consolidated operations results and cash flow (and some possible
changes in financial position) of the consolidated subsidiary bodies for the
time being and for the relevant period.

    

    
      	
              9.5

            	
              Subsidiary
      bodies of Shanghai Airlines

            

    

    

    Save as
disclosed in the relevant information disclosure documents in relation to this
Absorption, the subsidiary bodies of Shanghai Airlines (a list of which is set
out in Annex I) have been established in accordance with applicable laws, are in
valid subsistence and good standing, and have the power and authority to operate
its assets and commence the business currently being operated. Where appropriate
qualifications or authority in other forms become necessary for owning, leasing
and operating its assets or commence business, the subsidiary bodies of Shanghai
Airlines have already obtained such qualifications or authorities. Registered
capital of the subsidiary bodies of Shanghai Airlines have been paid up in full
by the respective shareholders and does not involve retrospective obligations
for contribution.

     

    
      
        
        

      

      
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              9.6

            	
              Material
      assets

            

    

    

    Save as
disclosed in the relevant information disclosure documents in relation to this
Absorption, Shanghai Airlines and its subsidiary bodies: have good title to the
real estate or material movable assets currently in use or occupation, including
but not limited to aircraft, or have valid and binding right to rent, including
but not limited to the leasing right under operating lease, and leasing right
under finance lease in relation to aircraft, and they are not subject to
circumstances restricting or prohibiting transfer; its assets have not been put
under any guarantee, pledge or security in any form by any third party, and
there is no dispute over right or legal defect, nor is there any other
agreements, arrangements or undertakings which would potentially give rise to
the aforesaid encumbrances; where the assets involve shareholding, there exists
no untrue capital contribution or circumstances affecting its legal subsistence,
and where rights relating to land, property, aircraft or route is involved, all
the right certificates, agreements or approval documents have been obtained and
[are] under the corresponding operation conditions.

    

    
      	
              9.7

            	
              Intellectual
      property rights

            

    

    

    Save as
disclosed in the relevant information disclosure documents in relation to this
Absorption, the right to using intellectual properties as held, licensed to or
otherwise owned by Shanghai Airlines and its subsidiary bodies shall not change
or be impaired as a result of the [Absorption]. Shanghai Airlines is not aware
of risks associated with its intellectual properties and which can reasonably be
expected to have material adverse effect on itself or its subsidiary bodies. As
far as it knows, the business operations belonging to it or its subsidiary
bodies or its intellectual property rights are not in violation of any
intellectual property rights or any other proprietary rights, and Shanghai
Airlines and its subsidiary bodies have not received any written notice
questioning its right or its subsidiary bodies’ right to use; and it or its
subsidiary bodies have not given any request to other persons as to an alleged
violation of its intellectual property rights.

    

    
      	
              9.8

            	
              Free
      from undisclosed debts

            

    

    

    Apart
from the debts as reflected in the financial statements and the debts as
disclosed in the relevant information disclosure documents in relation to this
Absorption, there is no other debts (including contingent liabilities, and
excluding the debts arising from normal business operations after the Audit
Reference Date) claiming against or relating to or having effect on Shanghai
Airlines and its subsidiary bodies or its respective assets; and there are no
circumstances where Shanghai Airlines and its subsidiary bodies act as
guarantors, indemnifiers or other obligators for debts of other
persons.

     

    
      
        
        

      

      
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              9.9

            	
              Environmental
      Protection

            

    

    

    Save as
disclosed in the relevant information disclosure documents in relation to this
Absorption, (1) Shanghai Airlines and its subsidiary bodies are in all material
respects in compliance with all environmental laws and regulations, including
but not limited to satisfying the terms and conditions as set out in any
licence, or governmental authorization; (2) Shanghai Airlines and its subsidiary
bodies have not received from governmental bodies or other institutions any
letter or notification declaring that it and its subsidiary bodies are in
material violation of environmental laws and shall be held responsible for such
violation, and it is not aware of any material environmental claims being in
process or to be initiated, and (3) Shanghai Airlines is not aware of any
material environmental claims reasonably expected to be initiated against itself
or its subsidiary bodies.

    

    
      	
              9.10

            	
              Staff
      members

            

    

    

    Save as
disclosed in the relevant information disclosure documents in relation to this
Absorption, Shanghai Airlines and its subsidiary bodies have complied with all
legal requirements related to employment of engagement of staff members, and
there does not exist any outstanding material dispute or legal procedures
involving staff members. Shanghai Airlines and its subsidiary bodies are in
compliance with all laws related to mandatory social insurance, and make
contribution to relevant governmental departments in a timely
manner.

    

    
      	
              9.11

            	
              Insurance

            

    

    

    Save as
disclosed in the relevant information disclosure documents in relation to this
Absorption, all material insurance relating to properties, duties or other means
as owned or held by Shanghai Airlines and its subsidiary bodies shall have full
force and effect, and all insurance premiums incurred up to and including the
date of completion of the Absorption have been paid. No notice of withdrawal of
such insurance has been received. No payment of extra insurance premiums is
needed. Such insurance shall not be affected or terminated as a result of the
absorption.

    

    
      	
              9.12

            	
              Litigation

            

    

    

    Save as
disclosed in the relevant information disclosure documents in relation to this
Absorption, there exists no material litigation, proceedings or investigations
instigated or potentially occur in any court, government or other institutions
which are against or involve Shanghai Airlines or its subsidiary bodies. There
exists no material violation of any material contracts, commitment or
restrictions in which it or its subsidiary bodies is/are a party or which are
binding upon it or its subsidiary bodies. Shanghai Airlines or its subsidiary
bodies is/are not bound by any ruling, order or instruction which would
otherwise have material adverse effect on its business or its ability to acquire
properties and operate business in any other regions.

     

    
      
        
        

      

      
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              9.13

            	
              Taxation

            

    

    

    Save as
disclosed in the relevant information disclosure documents in relation to this
Absorption, Shanghai Airlines and its subsidiary bodies has/ have paid in full
all taxes which are due and payable (including withholding portions) in
accordance with requirements, and shall not be liable to pay any additional tax.
Shanghai Airlines and its subsidiary bodies have not been penalized or called by
any governmental departments as a result of tax avoidance, evasion or defaulted
tax payment, nor has there been any penalty events arising from any violation of
relevant tax laws and regulations.

    

    Article
10 Taxation

    

    
      	
              10.1

            	
              All
      tax incomes and expenses arising from the exercise of the SA Dissenting
      Shareholder Cash Alternative by SA Dissenting Shareholders or from the
      exercise of the CEA Dissenting Shareholder Buy-back Alternative by CEA
      Dissenting Shareholders shall be enforced according to the requirements of
      the relevant laws and regulations, the Registration and Clearing Body and
      the usual practice of the stock
market.

            

    

    

    
      	
              10.2

            	
              Irrespective
      of whether the transaction contemplated hereunder is completed or not,
      both parties shall declare and pay the taxes arising from the Absorption
      according to applicable laws and regulations.  Where possible,
      both parties shall have negotiation and standardize and prepare relevant
      documentations in their efforts to apply for preferential taxation
      policies from the State taxation authority or
  departments.

            

    

    

    Article
11 Confidentiality

    

    
      	
              11.1

            	
              Prior
      to the execution of the Agreement and during the continuance of the
      Agreement, either party (hereinafter referred to as the “Disclosing
      Party”) has or may disclose to the other party (hereinafter referred to as
      the “Receiving Party”) from time to time the non-public confidential,
      proprietary information and data which is about its business or financial
      information, research, development or other confidential matters
      (hereinafter referred to as the “Confidential
      Information”).  During the continuance of the Agreement, the
      Receiving Party must

            

    

     

    
      
        
        

      

      
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              (1)

            	
              Keep
      the Confidential Information
confidential;

            

    

    
      	
               
      

            	
              (2)

            	
              Not
      use the Confidential Information for purposes other than those specified
      in the contract;

            

    

    
      	
               
      

            	
              (3)

            	
              Not
      disclose the Confidential Information to other parties except for the
      party or the agent, financial consultants, attorneys, accountants or other
      advisors of such party who need to know the Confidential Information in
      performance of their duties and each of the receiving parties is required
      to execute written confidentiality
agreement;

            

    

    
      	
               
      

            	
              (4)

            	
              Not
      make disclosure to other organizations and institutions unless required by
      the relevant authority or department or the corporate listing
      regulators.

            

    

    

    
      	
              11.2

            	
              The
      provisions of Article 11.1 are not applicable to the following
      information.

            

    

    

    
      	
               
      

            	
              (1)

            	
              The
      information which is already in possession of the Receiving Party at the
      time of disclosure by the Disclosing
Party;

            

    

    
      	
               
      

            	
              (2)

            	
              The
      information known to the public due to the reason other than improper acts
      on the part of the Receiving Party;

            

    

    
      	
               
      

            	
              (3)

            	
              The
      information properly obtained by the Receiving Party from a third
      party.

            

    

    

    Article
12 Default Liability

    

    Unless
the Agreement stated otherwise, if either party to the Agreement causes the
other party to suffer losses as a result of its contravention of any statement,
warranty, undertaking and other obligations it made herein, it shall fully
indemnify the losses incurred to the other party.

    

    Article
13 Force Majeure Events

    

    
      	
              13.1

            	
              If
      any of the parties hereto fails to perform any term or condition of the
      Agreement due to the occurrence of a force majeure event after the
      execution of the Agreement, the affected party as a result thereof shall
      notify the other party of such occurrence within 10 working days from such
      occurrence and the notification shall state such occurrence and the event
      is of force majeure nature.  Meanwhile, the party to which the
      force majeure event occurs shall use its best endeavors to take measures
      to minimize the loss such occurrence may cause and make great efforts to
      protect the legitimate interest of the other
  party.

            

    

    

    
      	
              13.2

            	
              Under
      the circumstances that a force majeure event occurs, both parties shall
      discuss to determine if they continue to perform or delay the performance
      of or terminate the Agreement.  Upon the elimination of the
      force majeure event, as long as the condition for the performance of the
      Agreement remains unchanged, both parties are obliged to take reasonable
      practicable measures to perform the Agreement.  The affected
      party as a result of the force majeure event shall promptly notify the
      other party of such elimination and the other party shall acknowledge
      receipt upon receipt of the notice.

            

    

     

    
      
        
        

      

      
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              13.3

            	
              If
      any occurrence of force majeure event makes the performance of the
      Agreement impossible and the Agreement terminates, the party to which the
      force majeure event occurs is not liable for the termination of the
      Agreement caused by the force majeure event as stated
      above.  Neither the partial performance nor delay in performance
      of the Agreement due to the force majeure event constitutes a default on
      the part of the affected party, and the affected party will not undertake
      default liability for such partial performance or delay in
      performance.

            

    

    

    Article
14 Termination of Agreement

    

    
      	
              14.1

            	
              Circumstances
      Leading to Agreement Termination

            

    

    

    If any of
the following circumstances occurs, the Agreement will be
terminated.

    

    
      	
               
      

            	
              (1)

            	
              Both
      parties unanimously agree the termination of the
  Agreement;

            

    

    
      	
               
      

            	
              (2)

            	
              The
      Agreement becomes terminated according to Article 3.4 of the
      Agreement;

            

    

    
      	
               
      

            	
              (3)

            	
              Since
      any party to the Agreement materially contravenes any provision of the
      Agreement (including but not limited to the statements and warranties
      stated in Articles 7 and 8) or any requirement of the applicable laws,
      leading to the performance or completion of the Agreement
      impossible.  Under such circumstances, the other party has the
      right to terminate the Agreement unilaterally by giving written notice of
      the same.

            

    

    

    
      	
              14.2

            	
              Consequence
      of Agreement Termination

            

    

    

    
      	
            	
              14.2.1

            	
              If
      the Agreement becomes terminated according to the requirements of Article
      14.1(1) or 14.1(2), both parties will no longer be entitled to the rights
      hereunder or bounded by the obligations and rights hereunder, and need not
      undertake default liability (other than the liability undertaken by any
      party due to its default prior to the termination of the Agreement or
      unless the Agreement states otherwise).  Under such
      circumstances, both parties shall, according to the principle of
      restitution, make reasonable and necessary efforts to execute all
      documents, take all necessary actions, rescind the documents in respect of
      the performance of  the Agreement and cease the validity of the
      Agreement, including but not limited to the requirement that both parties
      shall jointly go through the approval procedures necessary for rescindment
      of the Agreement within 30 working days from the date when the Agreement
      is terminated and use their best endeavors to procure themselves to
      restitute in the same condition as they are on the date of
      execution.

            

    

     

    
      
        
        

      

      
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              14.2.2

            	
              If
      the Agreement becomes terminated according to the requirements of Article
      14.1(3), in addition that both parties shall perform the obligations
      stated in Article 14.2.1, the defaulting party shall fully indemnify the
      observing party against the losses caused to the observing party
      thereby.

            

    

    

    Article
15 Governing Law and Dispute Settlement

    

    
      	
              15.1

            	
              Governing
      Law

            

    

    

    The
creation, effectiveness, interpretation or performance of and settlement of
dispute concerning the Agreement are governed by and subject to the relevant
laws and regulations promulgated in China.  The same applies to the
change, amendment, discharge and termination of the Agreement.

    

    
      	
              15.2

            	
              Dispute
      Settlement

            

    

    

    
      	
            	
              15.2.1

            	
              If
      any dispute or conflict arises in the course of performance of the
      Agreement, both parties shall settle such dispute through amiable
      negotiations.

            

    

    

    
      	
            	
              15.2.2

            	
              The
      disputing party shall notify the other party in writing of the dispute,
      conflict or the details to be discussed.  The nature and causes
      of such dispute or conflict and the claims of the disputing party, the
      rationale for the disputing party to make its claim, the disputing party’s
      advice and comments on how to settle such dispute or conflict shall also
      be stated in the notice.  The other party shall have negotiation
      with the disputing party upon receipt of the notice and make its best
      endeavors to work out settlement plan within 90 days from the date on
      which the notice is received.

            

    

    

    
      	
            	
              15.2.3

            	
              If
      both parties involved in the dispute or conflict fail to settle the
      dispute or conflict or negotiate a solution within the period prescribed
      according to Article 15.2.2 and subject thereto, either of the parties may
      refer such dispute to [China
      International Trade Arbitration Commission] (中国国际贸易仲裁委员会)
      (hereinafter referred to as the “Commission”) for arbitration and the
      arbitration shall be conducted according to the arbitration rules of the
      Commission which are in effect.

            

    

     

    
      
        
        

      

      
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                    15.2.4

                  	
                    Both
      parties irrevocably agree the arbitral awards by [China
      International Trade Arbitration Commission] (中国国际贸易仲裁委员会)
      in Beijing shall be final and they will enforce the awards without
      delays.

                  

          

           

        

      

    

    Article
16 Miscellaneous

    

    
      	
              16.1

            	
              Notices

            

    

    

    
      	
            	
              16.1.1

            	
              Unless
      the Agreement requires otherwise, all notices, demands and other
      correspondences concerning the performance of the Agreement shall be
      issued in writing and signed by or on behalf of the issuing party or by
      the persons prescribed in the Agreement.  Notices shall be sent
      to the addresses or at the facsimile numbers stated in Article via
      facsimile, personal delivery, postage or express courier (or to such other
      addresses or facsimile numbers as stated in the proper notices made
      pursuant to the requirements of this article).  A notice shall
      be deemed served, in case of personal delivery, if the same is delivered
      to the addresses and addressed party acknowledged in Article 16.1.2; in
      case of facsimile delivery, when the issuer receives the transmission
      report thereof; in the case of postage or express courier, on the date
      which is specified as the serving date of the
  notice.

            

    

    

    
      	
            	
              16.1.2

            	
              For
      the purpose of sending notices as stated in Article 16.1.1, both parties
      provide addresses and facsimile number as
  follows.

            

    

    

    
      	
               
      

            	
              (1)

            	
              In
      relation to notices to CEA,

            
	 	 	 
	 	 	

              China
      Eastern Airlines Corporation Limited

              

              Address:
      No. 2550 Hongqiao Road, Shanghai

              Postal
      code:  200335

              Attention:
      Luo Zhuping (罗祝平)

              Telephone
      number: 8621-2233 0920

              Facsimile
      number: 8621-6268 6116

            

    

     

    
      	
               
      

            	
              (2)

            	
              In
      relation to notices to Shanghai Airlines,

            
	 	 	 
	 	 	

              Shanghai
      Airlines Co., Ltd

              

              Address:
      21st
      Floor, No. 212 Jiangning Road, Shanghai

              Postal
      code: 200041

              Attention:
      Xu Junmin (徐骏民)

              Telephone
      number:8621-6255 2072

              Facsimile
      number: 8621-6272 8810

            

    

     

    
      
        
        

      

      
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              16.1.3

            	
              During
      the continuance of the Agreement, any party hereto may change its contact
      details for receiving notices, such as address, telephone number,
      facsimile number by providing valid supporting documentations and notify
      the other party of the same within five working days from the date of
      change.

            

    

    

    
      	
              16.2

            	
              Amendment
      of Agreement

            

    

    

    
      	
               
      

            	
              Each
      of the parties hereto may amend and supplement the Agreement by ways of
      writing.  All amendments and supplements signed by all parties
      hereto shall be an integral part of the Agreement and have the same legal
      force and effect as the Agreement.

            

    

    

    
      	
              16.3

            	
              Waivers

            

    

    

    No
failure to exercise or delay in exercise of any right, power or privilege
hereunder by any party shall constitute a waiver of such right, power or
privilege by the party, nor exercise or partial exercise any right, power or
privilege shall preclude further exercise of such right, power or privilege in
future.

    

    
      	
              16.4

            	
              Severability

            

    

    

    All parts
of the Agreement are severable.  If any term, undertaking, condition
or requirement becomes illegal, invalid or unenforceable for whatever reason,
such illegality, invalidity or unenforceability will not affect the remaining
parts.  All the remaining parts of the Agreement shall remain valid,
enforceable and have full effect, as if the Agreement has not contained the
contents of the invalid or unenforceable parts.

    

    The annex
to the Agreement is an non-severable integral part of the Agreement, and has the
same legal force and effect as the Agreement and takes effect concurrently with
the Agreement.

    

    
      	
              16.5

            	
              Counterparts
      and Effectiveness

            

    

    

    The
Agreement is made in 16 counterparts with each party hereto holding two and the
remaining being submitted to relevant departments.  All counterparts
have equal legal force and effect.

    

    
      
        
        

      

      
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    [No
formal text on this page]

    

    

    China
Eastern Airlines Corporation Limited (chop)

    

    

    Statutory
representative or authorized representative (signature)

    

    

    

    Shanghai
Airlines Co., Ltd (chop)

    

    

    Statutory
representative or authorized representative (signature)

    

    

    

    

    

    Date of
Execution:-

    

    July 10,
2009

     

    
      
        
        

      

      
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    Annex:
List of Subsidiary Bodies of Shanghai Airlines

     

     

    
      	
              1.

            	
              中国联合航空有限公司

            

    

     

    
      	
              2.

            	
              上海航空国际旅游(集团)有限公司

            

    

     

    
      	
              3.

            	
              大航国际货运有限公司

            

    

     

    
      	
              4.

            	
              上海航空进出口有限公司

            

    

     

    
      	
              5.

            	
              上海上航实业有限公司

            

    

     

    
      	
              6.

            	
              上海航空传播有限公司

            

    

     

    
      	
              7.

            	
              上海柯莱国际货运有限公司

            

    

     

    
      	
              8.

            	
              上海航空假期旅行社有限公司

            

    

     

    
      	
              9.

            	
              上海航空因私出入境服务有限公司

            

    

     

    
      	
              10.

            	
              上海航空劳务服务有限公司

            

    

     

    
      	
              11.

            	
              上海航空食品有限公司

            

    

     

    
      	
              12.

            	
              上海航空国际货物运输服务有限公司

            

    

     

    
      	
              13.

            	
              上海航空境外就业服务有限公司

            

    

     

    
      	
              14.

            	
              上海航空地面服务有限公司

            

    

     

    
      	
              15.

            	
              上海航空酒店投资管理有限公司

            

    

     

    
      	
              16.

            	
              上海飞鹤航空旅游服务有限公司

            

    

     

    
      	
              17.

            	
              杭州柯莱货运有限公司

            

    

     

    
      
        
        

      

      
        31

        
          

        

      

      
        
        

      

    

     

    
      
        
          Agreement
in relation to The Absorption of Shanghai Airlines by way of Share Exchange by
CEA

        

        
          

        

         

      

    

    
      	
              18.

            	
              上海上航市南酒店管理有限公司

            

    

     

    
      	
              19.

            	
              上海航空国际商务会展有限公司

            

    

     

    
      	
              20.

            	
              上海航空旅游汽车服务有限公司

            

    

     

    
      	
              21.

            	
              北京南苑联合机场管理服务有限公司

            

    

     

    
      	
              22.

            	
              上海上航航站酒店管理有限公司

            

    

     

    
      	
              23.

            	
              上海国际货运航空有限公司

            

    

     

    
      	
              24.

            	
              上航假期(北京)国际旅行社有限公司

            

    

     

    
      	
              25.

            	
              海南上航假期国际旅行社有限公司

            

    

     

    
      	
              26.

            	
              江苏柯莱国际货运有限公司

            

    

     

    
      	
              27.

            	
              四川上航假期国际旅行社有限公司

            

    

     

    
      	
              28.

            	
              佛山沙堤机场管理有限公司

            

    

     

     

    
      
        
        

      

      
        32Unassociated Document

    
      Exhibit
4.22

       

    

    ***INDICATES
CONFIDENTIAL MATERIAL OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT
AND FILED WITH THE SECURITIES AND EXCHANGE COMMISSION SEPARATELY WITH A REQUEST
FOR CONFIDENTIAL TREATMENT.

     

    A330 FAMILY
AIRCRAFT

    PURCHASE
AGREEMENT

     

    BETWEEN

     

    AIRBUS
SAS

    (the
"Seller")

     

    AND

     

    CHINA EASTERN AIRLINES
CORPORATION LTD

    (the
"Buyer")

     

    Buyer's
Reference Number

    09GTBAP330

     

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    CONTENTS

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  	Clauses	 	 
	 	 	 
	
                                                          0

                                                        	
                                                          SUPPLEMENTARY DEFINITIONS

                                                        	 
	 
      	 
      	 
	
                                                          1

                                                        	
                                                          QUANTITY, MODEL AND
    DESCRIPTION

                                                        	 
	 
      	 
      	 
	
                                                          2

                                                        	
                                                          AIRCRAFT DEFINITION

                                                        	 
	 
      	 
      	 
	
                                                          3

                                                        	
                                                          BASE PRICES

                                                        	 
	 
      	 
      	 
	
                                                          4

                                                        	
                                                          DELIVERY SCHEDULE

                                                        	 
	 
      	 
      	 
	
                                                          5

                                                        	
                                                          LIQUIDATED DAMAGES

                                                        	 
	 
      	 
      	 
	
                                                          6

                                                        	
                                                          SERVICE LIFE POLICY

                                                        	 
	 
      	 
      	 
	
                                                          7

                                                        	
                                                          TECHNICAL DATA

                                                        	 
	 
      	 
      	 
	
                                                          8

                                                        	
                                                          SELLER REPRESENTATIVES

                                                        	 
	 
      	 
      	 
	
                                                          9

                                                        	
                                                          NEGOTIATED AGREEMENT

                                                        	 
	 
      	 
      	 
	
                                                          10

                                                        	
                                                          APPLICABILITY

                                                        	 
	 
      	 
      	 
	
                                                          11

                                                        	
                                                          CONFIDENTIALITY

                                                        	 
	 
      	 
      	 
	
                                                          12

                                                        	
                                                          CONTRACTS (RIGHTS OF THIRD PARTIES) ACT
      1999

                                                        	 
	 
      	 
      	 
	
                                                          13

                                                        	
                                                          LAW AND JURISDICTION

                                                        	 
	 
      	 
      	 
	
                                                          14

                                                        	
                                                          COUNTERPARTS

                                                        	 

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

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    CONTENTS

     

    
      
        
          
            
              
                
                  	Appendices	 	 
	 	 	 
	
                          A

                        	
                          STANDARD
      SPECIFICATIONS FOR A330 FAMILY AIRCRAFT

                        	 
	 
      	 
      	 
	
                          B

                        	
                          SPECIFICATION
      CHANGE NOTICES

                        	 
	 
      	 
      	 
	
                          C

                        	
                          AIRFRAME
      PRICE REVISION FORMULA

                        	 
	 
      	 
      	 
	
                          D-1

                        	
                          GENERAL
      ELECTRIC PRICE REVISION FORMULA

                        	 
	 
      	 
      	 
	
                          D-2

                        	
                          PRATT
      & WHITNEY PRICE REVISION FORMULA

                        	 
	 
      	 
      	 
	
                          D-3

                        	
                          ROLLS
      ROYCE PRICE REVISION FORMULA

                        	 
	 
      	 
      	 
	
                          G

                        	
                          TECHNICAL
      DATA INDEX

                        	 

                

              

            

          

        

      

    

    

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    PURCHASE
AGREEMENT

     

    This A330
family aircraft purchase agreement (the "Agreement") is made as of December 28,
2009

     

    Between:

     

    AIRBUS S.A.S., a société par actions simplifiée,
created and existing under French law having its registered office at 1
Rond-Point Maurice Bellonte, 31707 Blagnac-Cedex, France and registered with the
Toulouse Registre du Commerce
under number RCS Toulouse 383 474 814,

     

    (hereinafter
referred to as the "Seller") of the one
part,and

     

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

     

    (hereinafter
referred to as the "Buyer") of the other
part

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

     

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

     

    WHEREAS

     

    
      
        	
                A-

              	
                The
      Buyer and the Seller have signed on June 15, 2009 an aircraft general
      terms agreement (reference CSC 0800.890) (thereinafter referred to as the
      "AGTA") which constitutes an
      integral part of this
Agreement.

              

      

    

     

    
      
        	
                B-

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

              

      

    

     

    NOW THEREFORE IT
IS AGREED AS FOLLOWS:

      

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              0.

            	
              SUPPLEMENTARY
      DEFINITIONS

            

    

     

    
      
        	
                0.1

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

              

      

    

     

    
      
        	
                0.2

              	
                Capitalised
      words and terms used in this Agreement which are not defined herein shall
      have the meaning assigned thereto in the
AGTA.

              

      

    

     

    
      
        
          
            	
                    A330-200
      Airframe

                  	
                    means
      the A330-200 Aircraft excluding the A330-200 Propulsion
      Systems.

                  
	 
      	 
      
	
                    A330-300
      Airframe

                  	
                    means
      the A330-300 Aircraft excluding the A330-300 Propulsion
      Systems.

                  
	 
      	 
      
	
                    A330-200
      Aircraft

                  	
                    means
      an Airbus A330-200 model aircraft including the A330-200 Airframe, the
      applicable Propulsion Systems, and any part, component, furnishing or
      equipment installed on the A330-200 Aircraft on Delivery under the terms
      and conditions of this Agreement and the AGTA.

                  
	 
      	 
      
	
                    A330-300
      Aircraft

                  	
                    means
      an Airbus A330-300 model aircraft including the A330-300 Airframe, the
      applicable Propulsion Systems, and any part, component, furnishing or
      equipment installed on the A330-300 Aircraft on Delivery under the terms
      and conditions of this Agreement and the AGTA.

                  
	 
      	 
      
	
                    A330-200
      Specification

                  	
                    means
      either (a) the A330-200 Standard Specification if no SCNs are applicable
      or (b) if SCNs are issued, the A330-200 Standard Specification as amended
      by all applicable SCNs and MSCNs.

                  
	 
      	 
      
	
                    A330-300
      Specification

                  	
                    means
      either (a) the A330-300 Standard Specification if no SCNs are applicable
      or (b) if SCNs are issued, the A330-300 Standard Specification as amended
      by all applicable SCNs and MSCNs.

                  
	 
      	 
      
	
                    A330-200
      Standard

                  	 
      
	 
      	 
      
	
                    Specification

                  	
                    means
      the A330-200 standard specification document number G.000.02000 Issue 4
      revision 5, dated April 30, 2008 a copy of which has been annexed hereto
      as Appendix A-1, with the following design weights:

                  
	 
      	 
      
	 
      	
                    MTOW:   230.0
      tonnes

                  
	 
      	
                    MLW:     
      180.0 tonnes and

                  
	 
      	
                    MZFW:    168.0
      tonnes

                  

          

        

      

    

    

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                A330-300
      Standard

              	 
      
	
                Specification

              	
                means
      the A330-300 standard specification document number G.000.03000 Issue 7
      revision 5, dated April 30, 2008 a copy of which has been annexed hereto
      as Appendix A-2, with the following design weights:

              
	 
      	 
      
	 
      	
                MTOW:   230.0
      tonnes

              
	 
      	
                MLW:     
      185.0 tonnes and

              
	 
      	
                MZFW:    173.0
      tonnes

              
	 
      	 
      
	
                Airframe
      Base Price

              	
                means,
      (i) with respect to the A330-200 Airframe, the A330-200 Airframe Base
      Price set forth in Clause 3.1.1; (ii) with respect to the A330-300
      Airframe, the A330-300 Airframe Base Price set forth in Clause 3.1.2; and
      with respect to the Aircraft means any or all of the A330-200 Airframe
      Base Price and the A330-300 Airframe Base Price.

              
	 
      	 
      
	
                Aircraft

              	
                means
      any or all of the A330-200 Aircraft and the A330-300
    Aircraft.

              
	 
      	 
      
	
                Base
      Delivery Condition

              	 
      
	 
      	 
      
	
                Year

              	
                2007

              
	 
      	 
      
	
                Base
      Price

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

              
	 
      	 
      
	
                First
      Quarter

              	
                means
      the months of January, February, March

              
	 
      	 
      
	
                Fourth
      Quarter

              	
                means
      the months of October, November, December

              
	 
      	 
      
	
                Quarter

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

              
	 
      	 
      
	
                Third
      Quarter

              	
                means
      the months of July, August, September

              
	 
      	 
      
	
                Second
      Quarter

              	
                means
      the months of April, May, June

              
	 
      	 
      
	
                Daily
      Liquidated Damages

              	 
      
	 
      	 
      
	
                Amount

              	
                as
      specified in Clause 5

              
	 
      	 
      
	
                PEP
      Revision Service

              	 
      
	 
      	 
      
	
                Period

              	
                as
      specified in Clause 7

              
	 
      	 
      
	
                Propulsion
      Systems Base

              	 
      
	 
      	 
      
	
                Price

              	
                as
      specified in Clause 3.2

              

      

    

    

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                Propulsion
      Systems

              	 
      
	 
      	 
      
	
                Manufacturer

              	
                means
      the manufacturer of the selected Propulsion Systems

              
	 
      	 
      
	
                Propulsion
      Systems

              	 
      
	 
      	 
      
	
                Reference
      Price

              	
                as
      specified in Clause 3.2

              
	 
      	 
      
	
                Revision
      Service Period

              	
                as
      specified in Clause 7

              

      

    

     

    
      
        	
                0.3

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

              

      

    

     

    
      
        	
                0.4

              	
                In
      this Agreement unless the context otherwise
  requires:

              

      

    

     

    
      
        	
                (a)

              	
                references
      to Clauses, Schedules, Appendices, and Exhibits are to be construed as
      references to the Clauses, Schedules, Appendices, and Exhibits to this
      Agreement and references to this Agreement include its Clauses, Schedules,
      Exhibits and Appendices.

              

      

    

     

    
      
        	
                (b)

              	
                words
      importing the plural shall include the singular and vice versa;
      and

              

      

    

     

    
      
        	
                (c)

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

              

      

    

     

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                1.

              	
                QUANTITY

              

      

    

     

    
      	
               
      

            	
              Subject
      to the terms and conditions of this Agreement and of the AGTA, the Buyer
      agrees to purchase a total of sixteen (16), A330-200 and A330-300 model
      aircraft (jointly referred to as the "Aircraft") from the
      Seller.

            

    

     

    
      	
               
      

            	
              Pursuant
      to the terms of the Agreement and of the AGTA, the Seller shall sell and
      deliver to the Buyer and the Buyer shall buy and take Delivery of the
      Aircraft.

            

    

     

    
      
        	
                2.

              	
                AIRCRAFT
      DEFINITION

              

      

    

     

    
      
        	
                2.1

              	
                Aircraft Standard Specification
      Definition

              

      

    

     

    
      	
              2.1.1

            	
              Standard Specification for
      A330-200 Aircraft

            

    

     

    The
A330-200 Aircraft shall be manufactured in accordance with the A330-200 Standard
Specification.

     

    
      	
              2.1.2

            	
              Standard Specification for the
      A330-300 Aircraft

            

    

     

    The
A330-300 Aircraft shall be manufactured in accordance with the A330-300 Standard
Specification.

     

    
      
        	
                2.2

              	
                Propulsion
      Systems

              

      

    

     

    
      	
              2.2.1

            	
              The
      A330-200 Airframe will be equipped with a set of two
  (2):

            

    

     

    
      	
            	
              (i) 

            	
              General
      Electrics CF6-80E1A4 engines, or

            

    

     

    
      	
            	
              (ii) 

            	
              Pratt
      and Whitney 4170 engines, or

            

    

     

    
      	
            	
              (iii) 

            	
              Rolls
      Royce Trent 772B engines

            

    

     

    (each,
upon selection by the Buyer, being referred to as the "A330-200 Propulsion
Systems").

     

    
      	
              2.2.2

            	
              The
      A330-300 Airframe will be equipped with a set of two
  (2):

            

    

     

    
      	
            	
              (i) 

            	
              General
      Electrics CF6-80E1A4 engines, or

            

    

     

    
      	
            	
              (ii) 

            	
              Pratt
      and Whitney 4170 engines, or

            

    

     

    
      	
            	
              (iii) 

            	
              Rolls
      Royce Trent 772B engines

            

    

     

    (each,
upon selection by the Buyer, being referred to as the "A330-300 Propulsion
Systems").

     

    The
A330-200 Propulsion Systems and the A330-300 Propulsion Systems being referred
to herein collectively as the "Propulsion
Systems".

     

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              2.2.3

            	
              * *
      *

            

    

     

    
      
        	
                2.3

              	
                Configuration
      Milestones

              

      

    

     

    * *
*

     

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                3.

              	
                BASE
      PRICES

              

      

    

     

    With
respect to the Aircraft, Clause 3.1 and Clause 4.1 of the AGTA shall
apply.

     

    
      	
              3.1

            	
              Airframe
      Base Price

            

    

     

    * *
*

     

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    * * *

     

    
      	
              3.2

            	
              Propulsion
      Systems Base Price

            

    

     

    * *
*

     

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    * * *

     

    
      	
              3.3

            	
              Base
      Price of the Aircraft

            

    

     

    The Base
Price of the Aircraft is the sum of the Airframe Base Price and the General
Electric Propulsion Systems Base Price until the Buyer notifies the Seller of
its Propulsion Systems selection. After such notification, The Aircraft Base
Price shall be the sum of the Airframe Base Price and the selected Propulsion
Systems Base Price.

     

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              4.

            	
              DELIVERY
      SCHEDULE

            

    

     

    *
* *

     

    
      	
              5.

            	
              LIQUIDATED
      DAMAGES

            

    

     

    * *
*

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              6.

            	
              SERVICE LIFE
      POLICY

            

    

     

    
      
        	
                6.1

              	* * *

      

      
         

        
          	
                  6.2

                	* *
*

        

      

    

     

    
      	
              6.3 

            	
              Waiver, Release and
      Renunciation

            

    

     

    THE
WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE SELLER (AS DEFINED BELOW FOR THE
PURPOSES OF THIS CLAUSE) AND REMEDIES OF THE BUYER SET FORTH IN CLAUSE 12 AND
CLAUSE 14 OF THE AGTA ARE EXCLUSIVE AND IN SUBSTITUTION FOR, AND THE BUYER
HEREBY WAIVES, RELEASES AND RENOUNCES ALL OTHER WARRANTIES, OBLIGATIONS AND
LIABILITIES OF THE SELLER AND RIGHTS, CLAIMS AND REMEDIES OF THE BUYER AGAINST
THE SELLER, EXPRESS OR IMPLIED, ARISING BY LAW, CONTRACT OR OTHERWISE, WITH
RESPECT TO ANY NON-CONFORMITY OR DEFECT OF ANY KIND, IN ANY AIRCRAFT, COMPONENT,
EQUIPMENT, ACCESSORY, PART, SOFTWARE, DATA OR SERVICES DELIVERED UNDER THIS
AGREEMENT, INCLUDING BUT NOT LIMITED TO:

     

    
      	
              A. 

            	
              ANY
      WARRANTY AGAINST HIDDEN DEFECTS;

            

    

     

    
      	
              B. 

            	
              ANY
      IMPLIED WARRANTY OF MERCHANTABILITY OR
FITNESS;

            

    

     

    
      
        	
                C.

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

              

      

    

     

    
      
        	
                D.

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

              

      

    

     

    
      
        	
                E.

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

              

      

    

     

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

     

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

     

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              7.

            	
              TECHNICAL
      DATA

            

    

     

    * *
*

     

    
      	
              8.

            	
              SELLER
      REPRESENTATIVES

            

    

     

    * *
*

     

    
      	
              9.

            	
              NEGOTIATED
      AGREEMENT

            

    

     

    The Buyer
specifically recognises that this Agreement incorporating the terms of the AGTA
is an international supply contract which has been the subject of discussion and
negotiation, that all its terms and conditions are fully understood by the
Buyer, and that the Specification and price of the Aircraft specified in this
Agreement and the other mutual agreements of the Buyer set forth herein and in
the AGTA were agreed upon after careful consideration by the Buyer using its
judgment as a professional operator and arrived at in consideration of, inter
alia, all the provisions hereof specifically including all waivers, releases and
renunciations by the Buyer set out herein and in the AGTA.

     

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

     

    
      
        	
                10.

              	
                APPLICABILITY

              

      

    

     

    This
Agreement incorporates the terms and conditions of the aircraft general terms
agreement reference CSC 0800.890 dated as of June 15, 2009 between the Buyer and
the Seller (the “AGTA”).

     

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    This
Agreement and the AGTA, contains the entire agreement between the Buyer and the
Seller with respect to the subject matter hereof and supersedes all previous
proposals, understandings, commitments or representations whatsoever, oral or
written, and may be changed only by mutual agreement in writing signed by
authorized representatives of the Buyer and the Seller.

     

    With
respect to the Aircraft, the AGTA shall be deemed amended and supplemented to
the extent herein provided and as so amended and supplemented shall remain in
full force and effect.

     

    If there
is any inconsistency between the AGTA and this Agreement, the latter shall
prevail to the extent of such inconsistency.

     

    
      
        	
                11.

              	
                CONFIDENTIALITY

              

      

    

     

    
      The
Parties agree that the terms and conditions of Clause 22.12 of the AGTA shall
apply mutatis mutandis to this Agreement.

    

     

    
      
        	
                12.

              	
                CONTRACTS (RIGHTS OF
      THIRD PARTIES) ACT
1999

              

      

    

     

    
      	
               
      

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

            

    

     

    
      	
               
      

            	
              The
      parties may rescind, vary, waive, release, assign, novate or otherwise
      dispose of all or any of their respective rights or obligations under the
      AGTA or the Agreement without the consent of any person who is not a party
      to the AGTA and the Agreement.

            

    

     

    
      
        	
                13.

              	
                LAW AND
      JURISDICTION

              

      

    

     

    
      
        	
                13.1

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

              

      

    

     

    
      
        	
                13.2

              	
                Any
      dispute arising out of or in connection with this Agreement and/or the
      AGTA shall be finally settled under the Rules of Arbitration of the
      International Chamber of Commerce by three (3) arbitrators appointed in
      accordance with such rules.

              

      

    

     

    Arbitration
shall take place in London in the English language.

     

    
      
        	
                14.

              	
                COUNTERPARTS

              

      

    

     

    This
Agreement has been executed in three (3) original copies which are in English
and may be executed in counterparts, each of which when so executed and
delivered shall be an original, but all such counterparts shall together
constitute one and the same Agreement.

     

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& Confidential

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    APPENDIX
A

     

    AIRCRAFT STANDARD
SPECIFICATIONS

     

    The
Standard Specifications for the A330 Family are attached in a different
folder

     

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& Confidential

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    APPENDIX
B

     

    SPECIFICATION CHANGE
NOTICES

     

    To be
negotiated in accordance with clause 2.3 of the Agreement.

     

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    APPENDIX
C

     

    AIRFRAME PRICE REVISION
FORMULA

     

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    Appendix D-1 to the A330 Family Purchase
Agreement

     

     APPENDIX
D-1

     

    GENERAL ELECTRICS PRICE
REVISION FORMULA

     

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      Appendix
D-1 to the A330 Family Purchase Agreement

       

      This page
is intentionally left blank.

       

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      Appendix
D-2 to the A330 Family Purchase Agreement

      

      APPENDIX
D-2

       

      PRATT
& WHITNEY PRICE REVISION FORMULA

       

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      Appendix
D-3 to the A330 Family Purchase Agreement

       

      ROLLS
ROYCE PRICE REVISION FORMULA

       

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      Appendix
G: TECHNICAL DATA INDEX

      

      Appendix
G

       

      TECHNICAL DATA INDEX

       

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      Appendix
G: TECHNICAL DATA INDEX

      

      TECHNICAL DATA
INDEX

       

      Where
applicable data will be established in general compliance with ATA Specification
2200 (iSpec2200),
Information Standards for Aviation Maintenance

       

      The
following index identifies the Technical Data provided in support of the
Aircraft.

       

      The
explanation of the table is as follows:

       

      
        
          
            
              
                	
                        NOMENCLATURE

                      	
                        Self-explanatory.

                      
	 
      	 
      
	
                        ABBREVIATED DESIGNATION
    (Abbr)

                      	
                        Self-explanatory.

                      

              

            

          

        

      

       

      AVAILABILITY
(Avail)

       

      Technical
Data can be made available :

       

      
        	
              	
                –

              	
                ON-LINE
      (ON) through the relevant service on AirbusWorld, 
  

              

      

        

      and / or

        

      
        
          	
                	
                  
                    –

                  

                	
                  OFF-LINE
      (OFF) through the most suitable means applicable to the size of the
      concerned document (e.g CD or
DVD).

                

        

      

       

      FORMAT
(Form)

       

      Following
Technical Data formats may be used:

       

      
        
          	
                	
                  
                    –

                  

                	
                  SGML
      - Standard Generalized Mark-up Language, which allows further data
      processing by the Buyer.

                

        

      

       

      
        
          	
                	
                  
                    –

                  

                	
                  XML
      — Extensible Mark-up Language, evolution of the SGML text format to cope
      with WEB technology
requirements.

                

        

      

       

      XML is
used for data processing.  Processed data shall be consulted through
the e-doc Viewer FOCT — Flight Operations Consultation Tool.

       

      XML data
may be customized using Airbus customization tools (FOSP, ADOC) or the Buyer's
own XML based editing tools.

       

      
        
          	
                	
                  
                    –

                  

                	
                  CGM
      — Computer Graphics Metafile, format of the interactive graphics
      associated with the XML and /or SGML text file
  delivery.

                

        

      

       

      
        
          	
                	
                  
                    –

                  

                	
                  PDF
      (PDF) - Portable Document Format allowing data
    consultation.

                

        

      

       

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& Confidential

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G - Page 38/50

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      
         

        
          Appendix
G: TECHNICAL DATA INDEX

        

         

      

      
        
          	
                	
                  
                    –

                  

                	
                  Advanced
      Consultation Tool - refers to Technical Data Consultation application that
      offers advanced consultation & navigation functionality compared to
      PDF.  Both browser software & Technical Data are packaged
      together.

                

        

      

       

      
        
          	
                	
                  
                    –

                  

                	
                  P1
      / P2 - refers to manuals printed on one side or both sides of the
      sheet.

                

        

      

       

      
        
          	
                	
                  
                    –

                  

                	
                  CD-P
      - refers to CD-Rom including Portable Document Format (PDF)
      Data.

                

        

      

       

      
        
          	
                	
                  
                    –

                  

                	
                  CD-XML
      — Refers to CD-Rom including XML
data

                

        

      

       

      
        
          
            
              
                	
                        TYPE

                      	
                        C

                      	
                        CUSTOMIZED.  Refers
      to manuals that are applicable to an individual Airbus customer/operator
      fleet or aircraft.

                      
	 	 	 
	 
      	
                        G

                      	
                        GENERIC.  Refers
      to manuals that are applicable for all Airbus aircraft
      types/models/series.

                      
	 	 	 
	 
      	
                        E

                      	
                        ENVELOPE.  Refers
      to manuals that are applicable to a whole group of Airbus customers for a
      specific aircraft
type/model/series.

                      

              

            

          

        

      

       

      
        
          
            
              
                
                  
                    	
                            QUANTITY
      (Qty) 

                          	
                            Self-explanatory
      for physical media. 

                          
	 	 
	
                            DELIVERY (Deliv)

                          	
                            Delivery
      refers to scheduled delivery dates and is expressed in either the number
      of corresponding days prior to first Aircraft delivery, or nil (0)
      corresponding to the first Aircraft Delivery Date.

                          
	 	 
	 
      	
                            The
      number of days indicated shall be rounded up to the next regular revision
      release
date.

                          

                  

                

              

            

          

        

      

       

      
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& Confidential

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    LETTER AGREEMENT
N°1

     

    CHINA
EASTERN AIRLINES CORPORATION LIMITED

    Hongqiao
International Airport,

    No. 2550
Hongqiao Road,

    Shanghai
200335,

    People's
Republic of China

     

    Subject : Purchase
Incentives

     

    CHINA
EASTERN AIRLINES CORPORATION LIMITED (the "Buyer") and Airbus S.A.S. (the
"Seller") have entered into an aircraft general terms agreement dated as of June
15, 2009 (the "AGTA") and an A330 family purchase agreement (the "Purchase
Agreement") dated as of even date herewith, which covers the manufacture and the
sale by the Seller and the purchase by the Buyer of the Aircraft.

     

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

     

    Both
parties agree that this Letter Agreement, upon execution thereof, shall
constitute an integral, nonseverable part of said Purchase Agreement and shall
be governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement.

     

    If there
is any inconsistency between the Purchase Agreement and this Letter Agreement,
the latter shall prevail to the extent of such inconsistency.

     

    
      
        	 
      	
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    LETTER AGREEMENT
N°1

     

    
      	
              1

            	
              Airframe
      Credit Memorandum

            

    

     

    
      	
               
      

            	
              * *
      *

            

    

     

    
      	
              2

            	
              Customer
      Support Credit Memorandum

            

    

     

    
      	
               
      

            	
              * *
      *

            

    

     

    
      	
              3

            	
              Safety
      Credit Memorandum

            

    

     

    
      	
               
      

            	
              * *
      *

            

    

     

    
      	
              4

            	
              Special
      Volume Credit Memorandum

            

    

     

    
      	
               
      

            	
              * *
      *

            

    

     

    
      
        	 
      	
                LA1

              	
                Page  2/5

              

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    LETTER AGREEMENT
N°1

     

    
      	
              5

            	
              Additional
      Credit Memorandum

            

    

     

    
      	
               
      

            	
              * *
      *

            

    

     

    
      	
              6

            	
              Revision
      of the Credit Memoranda

            

    

     

    
      	
               
      

            	
              * *
      *

            

    

     

    
      	
              7

            	
              Weight
      Variant Concessions

            

    

     

    
      	
               
      

            	
              * *
      *

            

    

     

    
      	
              8

            	
              Assignment

            

    

     

    Notwithstanding
any other provision of this Letter Agreement, the AGTA or the Purchase
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.

     

    
      
        	 
      	
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    LETTER AGREEMENT
N°1

     

    
      	
              9

            	
              Confidentiality

            

    

     

    This
Letter Agreement (and its existence) or any data exchanged between the Buyer and
the Seller for the fulfilment of their respective obligations under this Letter
Agreement shall be treated by both Parties as confidential and shall not be
released in whole or in part to any third party except as may be required by
law, or to auditors, legal or tax advisors for the purpose of implementation
hereof.

     

    In
particular, both Parties agree:

     

    
      	
               
      

            	
              ­-

            	
              not
      to make any press release concerning the whole or any part of the contents
      and/or subject matter of this Letter Agreement without the prior written
      consent of the other Party hereto.

            

    

     

    
      	
               
      

            	
              -­

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

            

    

     

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

     

    
      	
               
      

            	
              (i)

            	
              the
      contact details of the Receiving
Party,

            

    

     

    
      	
               
      

            	
              (ii)

            	
              the
      extent of the Personal Information subject to
  disclosure,

            

    

     

    
      	
               
      

            	
              (iii)

            	
              the
      Aircraft pricing to be provided to the Receiving
  Party.

            

    

     

    Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of
this Letter Agreement to the extent legally permissible in any filing required
to be made by the Buyer with any governmental or regulatory agency. The Buyer
agrees that prior to any such disclosure or filing, the Seller and the Buyer
shall jointly review and agree on the terms and conditions of the document to be
filed or disclosed.

     

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

     

    
      
        	 
      	
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    LETTER AGREEMENT
N°2

     

    CHINA
EASTERN AIRLINES CORPORATION LIMITED

    Hongqiao
International Airport,

    No. 2550
Hongqiao Road,

    Shanghai
200335,

    People's
Republic of China

     

    Subject : Predelivery
Payments

     

    CHINA
EASTERN AIRLINES CORPORATION LIMITED (the "Buyer") and Airbus S.A.S. (the
"Seller") have entered into an aircraft general terms agreement dated as of June
15, 2009 (the "AGTA") and an A330 family purchase agreement (the "Agreement")
dated as of even date herewith, which covers the manufacture and the sale by the
Seller and the purchase by the Buyer of the Aircraft.

     

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

     

    Both
parties agree that this Letter Agreement, upon execution thereof, shall
constitute an integral, nonseverable part of said Purchase Agreement and shall
be governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement.

     

    If there
is any inconsistency between the Purchase Agreement and this Letter Agreement,
the latter shall prevail to the extent of such inconsistency.

     

    
      
        	 
      	
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    LETTER AGREEMENT
N°2

     

    
      	
              1.

            	
              Predelivery
      payments

            

    

     

    
      	
               
      

            	
              * *
      *

            

    

     

    
      
        
        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    LETTER AGREEMENT
N°2

     

    * *
*

      

    UNQUOTE

     

    
      	
              2.

            	
              Assignment

            

    

     

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

     

    
      	
              3.

            	
              Confidentiality

            

    

     

    This
Letter Agreement (and its existence) or any data exchanged between the Buyer and
the Seller for the fulfilment of their respective obligations under this Letter
Agreement shall be treated by both Parties as confidential and shall not be
released in whole or in part to any third party except as may be required by
law, or to auditors, legal or tax advisors for the purpose of implementation
hereof.

     

    In
particular, both Parties agree:

     

    
      	
               
      

            	
              -

            	
              not
      to make any press release concerning the whole or any part of the contents
      and/or subject matter of this Letter Agreement without the prior written
      consent of the other Party hereto.

            

    

     

    
      	
               
      

            	
              -

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

            

    

     

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

     

    
      	
               
      

            	
              (i)

            	
              the
      contact details of the Receiving
Party,

            

    

     

    
      	
               
      

            	
              (ii)

            	
              the
      extent of the Personal Information subject to
  disclosure,

            

    

     

    
      	
               
      

            	
              (iii)

            	
              the
      Aircraft pricing to be provided to the Receiving
  Party.

            

    

     

    Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of
this Letter Agreement to the extent legally permissible in any filing required
to be made by the Buyer with any governmental or regulatory agency. The Buyer
agrees that prior to any such disclosure or filing, the Seller and the Buyer
shall jointly review and agree on the terms and conditions of the document to be
filed or disclosed.

     

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

     

    
      
        	 
      	
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    LETTER AGREEMENT
N°3

     

    CHINA
EASTERN AIRLINES CORPORATION LIMITED

    Hongqiao
International Airport,

    No. 2550
Hongqiao Road,

    Shanghai
200335,

    People's
Republic of China

     

    Subject : Price Adjustment
Limitation

     

    CHINA
EASTERN AIRLINES CORPORATION LIMITED (the "Buyer") and Airbus S.A.S. (the
"Seller") have entered into an aircraft general terms agreement dated as of June
15, 2009 (the "AGTA") and an A330 family purchase agreement (the "Purchase
Agreement") dated as of even date herewith, which covers the manufacture and the
sale by the Seller and the purchase by the Buyer of the Aircraft.

     

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

     

    Both
parties agree that this Letter Agreement, upon execution thereof, shall
constitute an integral, nonseverable part of said Purchase Agreement and shall
be governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement.

     

    If there
is any inconsistency between the Purchase Agreement and this Letter Agreement,
the latter shall prevail to the extent of such inconsistency.

    

    
      
        	 
      	
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    LETTER AGREEMENT
N°3

     

    
      	
              1

            	
              Price
      Adjustment Limitation

            

    

     

    The
following limitations shall apply to the Airframe Price Revision Formula set
forth in Appendix C to the Purchase Agreement for Aircraft deliveries that occur
prior to * * *

     

    
      
        	 
      	
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    LETTER AGREEMENT
N°3

     

    
      	
              2

            	
              Assignment

            

    

     

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

     

    
      	
              3

            	
              Confidentiality

            

    

     

    This
Letter Agreement (and its existence) or any data exchanged between the Buyer and
the Seller for the fulfilment of their respective obligations under this Letter
Agreement shall be treated by both Parties as confidential and shall not be
released in whole or in part to any third party except as may be required by
law, or to auditors, legal or tax advisors for the purpose of implementation
hereof.

     

    In
particular, both Parties agree:

     

    
      	
               
      

            	
              -

            	
              not
      to make any press release concerning the whole or any part of the contents
      and/or subject matter of this Letter Agreement without the prior written
      consent of the other Party hereto.

            

    

     

    
      	
               
      

            	
              -

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

            

    

     

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

     

    
      	
               
      

            	
              (i)

            	
              the
      contact details of the Receiving
Party,

            

    

     

    
      	
               
      

            	
              (ii)

            	
              the
      extent of the Personal Information subject to
  disclosure,

            

    

     

    
      	
               
      

            	
              (iii)

            	
              the
      Aircraft pricing to be provided to the Receiving
  Party.

            

    

     

    Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of
this Letter Agreement to the extent legally permissible in any filing required
to be made by the Buyer with any governmental or regulatory
agency.  The Buyer agrees that prior to any such disclosure or filing,
the Seller and the Buyer shall jointly review and agree on the terms and
conditions of the document to be filed or disclosed.

     

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

     

    
      
        	 
      	
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PAGE HAS BEEN REDACTED***]

      

    
      
        
        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    LETTER AGREEMENT
N°4

     

    CHINA
EASTERN AIRLINES CORPORATION LIMITED

    Hongqiao
International Airport,

    No. 2550
Hongqiao Road,

    Shanghai
200335,

    People's
Republic of China

     

    Subject: Conversion
Rights

     

    CHINA
EASTERN AIRLINES CORPORATION LIMITED (the "Buyer") and Airbus S.A.S. (the
"Seller") have entered into an aircraft general terms agreement dated as of June
15, 2009 (the "AGTA") and an A330 family purchase agreement (the "Purchase
Agreement") dated as of even date herewith, which covers the manufacture and the
sale by the Seller and the purchase by the Buyer of the Aircraft.

     

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

     

    Both
parties agree that this Letter Agreement, upon execution thereof, shall
constitute an integral, nonseverable part of said Purchase Agreement and shall
be governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement.

     

    If there
is any inconsistency between the Purchase Agreement and this Letter Agreement,
the latter shall prevail to the extent of such inconsistency.

     

    
      
        	 
      	
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    LETTER AGREEMENT
N°4

     

    
      	
              1

            	
              Conversion
      Rights

            

    

     

    
      	
               
      

            	
              * *
      *

            

    

     

    
      	
              2

            	
              Assignment

            

    

     

    Notwithstanding
any other provision of this Letter Agreement, the AGTA or the Purchase
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.

     

    
      
        	 
      	
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    LETTER AGREEMENT
N°4

     

    
      	
              3

            	
              Confidentiality

            

    

     

    This
Letter Agreement (and its existence) or any data exchanged between the Buyer and
the Seller for the fulfilment of their respective obligations under this Letter
Agreement shall be treated by both Parties as confidential and shall not be
released in whole or in part to any third party except as may be required by
law, or to auditors, legal or tax advisors for the purpose of implementation
hereof.

     

    In
particular, both Parties agree:

     

    
      	
               
      

            	
              -

            	
              not
      to make any press release concerning the whole or any part of the contents
      and/or subject matter of this Letter Agreement without the prior written
      consent of the other Party hereto.

            

    

     

    
      	
               
      

            	
              -

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

            

    

     

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

     

    
      	
               
      

            	
              (i)

            	
              the
      contact details of the Receiving
Party,

            

    

     

    
      	
               
      

            	
              (ii)

            	
              the
      extent of the Personal Information subject to
  disclosure,

            

    

     

    
      	
               
      

            	
              (iii)

            	
              the
      Aircraft pricing to be provided to the Receiving
  Party.

            

    

     

    Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of
this Letter Agreement to the extent legally permissible in any filing required
to be made by the Buyer with any governmental or regulatory
agency.  The Buyer agrees that prior to any such disclosure or filing,
the Seller and the Buyer shall jointly review and agree on the terms and
conditions of the document to be filed or disclosed.

     

    The
provisions of this Clause 3 shall survive any termination of this Letter
Agreement for a period of twelve (12) years after the date of Delivery of the
last Aircraft to be delivered under the Purchase Agreement.

     

    
      
        	 
      	
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    [***THIS
PAGE HAS BEEN REDACTED***]

      

    
      
        
        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    LETTER
AGREEMENT N°5a

     

    CHINA EASTERN AIRLINES CORPORATION
LTD

    Hongqiao
International Airport,

    No. 2550
Hongqiao Road,

    Shanghai
200335,

    People's
Republic of China

     

    Subject:
A330-200 PERFORMANCE GUARANTEES (General Electric CF6-80E1A4)

     

    CHINA EASTERN AIRLINES CORPORATION
LTD ("the Buyer") and AIRBUS SAS ("the Seller") have
entered into an A330 Purchase Agreement dated as of even date herewith (the "
Purchase Agreement" or the "Agreement") which covers the sale by the Seller and
the purchase by the Buyer of A330 Aircraft as described in the Specification
annexed to the said Purchase Agreement.

     

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

     

    Both
parties agree that this Letter Agreement, upon execution thereof, shall
constitute an integral, none severable part of said Agreement and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement.

     

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    LETTER
AGREEMENT N°5a

     

    
      	
              1

            	
              AIRCRAFT
      CONFIGURATION

            

    

     

    The
guarantees defined below (the "Guarantees") are applicable to the A330-200
Aircraft equipped with General Electric CF6-80E1A4 propulsion system as
described in the Standard Specification Ref. G 000 02000 Issue 4.5 dated 30th April
2008 without taking into account any further changes thereto as provided in the
Agreement (the "Specification" for the purposes of this Letter
Agreement).

     

    
      	
              2

            	
              GUARANTEED
      PERFORMANCE

            

    

     

    
      	
              2.1

            	
              Take-off Field
      Length

            

    

     

    The JAR
take-off field length at an Aircraft gross weight of 230,000 kg at the start of
Take-Off Distance Available (TODA) at Sea Level pressure altitude in ISA+15°C
conditions shall not be more than a guaranteed value of:

     

    2,740
meters

     

    
      	
              2.2

            	
              Second Segment
      Climb

            

    

     

    The
Aircraft shall meet JAR 25 regulations for one engine inoperative climb after
take-off, undercarriage retracted, at a weight corresponding to the stated
weight at the start of Take-Off Distance Available (TODA), at the altitude and
temperature, and in the configuration of flap angle and safety speed required to
comply with the performance guaranteed in paragraph 2.1 above.

     

    
      	
              2.3

            	
              Landing Field
      Length

            

    

     

    JAR
certified dry landing field length at an Aircraft gross weight of 180,000 kg at
Sea Level pressure altitude shall be not more than a guaranteed value
of:

     

    1,905
meters

     

    
      	
              2.4

            	
              Cruise Specific Air
      Range

            

    

     

    The
average nautical miles per kilogram of fuel (average SAR) at a true Mach number
of 0.82 in ISA conditions under the Weight and Altitude conditions given
below:

     

    
      
        
          	
                  Gross
      Weight (kg)

                	 	
                  Pressure
      Altitude (ft)

                
	 
      	 	 
      
	
                  220,000

                	 	
                  35,000

                
	
                  200,000

                	 	
                  37,000

                
	
                  180,000

                	 	
                  39,000

                

        

      

    

     

    shall be
not less than a guaranteed value of:

     

    0.0808
nm/kg

     

    
      	
              3

            	
              MANUFACTURER'S WEIGHT
      EMPTY

            

    

     

    The
Seller guarantees a Manufacturer's Weights Empty as below:

     

    A330-200
General Electric
CF6-80E1A4           106,360
kg plus 1.5%

     

    This is
the Manufacturer's Weights Empty of the Aircraft as defined in Section 13-
10.00.00 of the Standard Specifications amended by the SCN's defined in 

     

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    LETTER
AGREEMENT N°5a

      

    paragraph 1 of this Letter Agreement and are subject to adjustment
as defined in paragraph 6.2.

      

    
      	
              4

            	
              GUARANTEE
      CONDITIONS

            

    

     

    
      	
              4.1

            	
              The
      performance certification requirements for the Aircraft, except where
      otherwise noted, will be as stated in Section 02 of the Standard
      Specification.

            

    

     

    
      	
              4.2

            	
              For
      the determination of JAR take-off and landing performance a hard dry level
      runway surface with no runway strength limitations, no line-up allowances,
      no obstacles, zero wind, atmosphere according to ISA, except as otherwise
      noted, and the use of speed brakes, flaps, landing gear and engines in the
      conditions liable to provide the best results will be
    assumed.

            

    

     

    
      	
              4.2.1

            	
              When
      establishing take-off and second segment performance no air will be bled
      from the engines for cabin air conditioning or
  anti-icing.

            

    

     

    
      	
              4.3

            	
              Climb,
      cruise and descent performance associated with the Guarantees will include
      allowances for normal electrical load and for normal engine air bleed and
      power extraction associated with maximum cabin differential pressure as
      defined in Section 21-30.31 of the Specification.  Cabin air
      conditioning management during performance demonstration as described in
      Subparagraph 5.3 below may be such as to optimize the Aircraft performance
      while meeting the minimum air conditioning requirements defined
      above.  Unless otherwise stated no air will be bled from the
      engines for anti-icing.

            

    

     

    
      	
              4.4

            	
              The
      engines will be operated using not more than the engine manufacturer's
      maximum recommended outputs for take-off, maximum go-round, maximum
      continuous, maximum climb and cruise for normal
  operation.

            

    

     

    
      	
              4.5

            	
              Where
      applicable the Guarantees assume the use of an approved fuel having a
      density of 6.70 lb per US gallon and a lower heating value of 18,590 BTU
      per lb.  Cruise performance assume a centre of gravity position
      of 34% MAC.

            

    

     

    
      	
              5

            	
              GUARANTEE
      COMPLIANCE

            

    

     

    
      	
              5.1

            	
              Compliance
      with the Guarantees shall be demonstrated using operating procedures and
      limitations in accordance with those defined by the certifying
      Airworthiness Authority and by the Seller unless otherwise
      stated.

            

    

     

    
      	
              5.2

            	
              Compliance
      with the take-off, second segment and landing elements of the Guarantees
      will be demonstrated with reference to the JAA approved Flight
      Manual.

            

    

     

    
      	
              5.3

            	
              Compliance
      with those parts of the Guarantees defined in paragraph 2 above not
      covered by the requirements of the certifying Airworthiness Authority
      shall be demonstrated by calculation based on data obtained during flight
      tests conducted on one (or more at the Seller's discretion) A330-200
      aircraft of the same aerodynamic configuration as the Aircraft purchased
      by the Buyer and incorporated in the In-Flight Performance Program and
      data bases ("the IFP") appropriate to the
  Aircraft.

            

    

     

    
      	
              5.4

            	
              Compliance
      with the Manufacturer's Weight Empty guarantees defined in Paragraph 3
      shall be demonstrated with reference to a Weight Compliance
      Report.

            

    

     

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    LETTER
AGREEMENT N°5a

     

    
      	
              5.5

            	
              Data
      derived from tests will be adjusted as required using conventional methods
      of correction, interpolation or extrapolation in accordance with
      established aeronautical practices to show compliance with the
      Guarantees.

            

    

     

    
      	
              5.6

            	
              Compliance
      with the Guarantees is not contingent on engine performance defined in the
      engine manufacturer's
specification.

            

    

     

    
      	
              5.7

            	
              The
      Seller undertakes to furnish the Buyer with a report or reports
      demonstrating compliance with the Guarantees at, or as soon as possible
      after, the delivery of each of the Buyer's
  Aircraft.

            

    

     

    
      	
              6

            	
              ADJUSTMENT OF
      GUARANTEES

            

    

     

    
      	
              6.1

            	
              In
      the event of any change to any law, governmental regulation or requirement
      or interpretation thereof ("Rule Change") by any governmental agency made
      subsequent to the date of the Agreement and such rule change affects the
      Aircraft configuration or performance or both required to obtain
      certification the Guarantees shall be appropriately modified to reflect
      the effect of any such change.

            

    

     

    
      	
              6.2

            	
              The
      Guarantees apply to the Aircraft as described in paragraph 1 of this
      Letter Agreement and may be adjusted in the event
  of:

            

    

     

    
      	
               
      

            	
              i)

            	
              Any
      further configuration change which is the subject of a
  SCN

            

    

     

    
      	
               
      

            	
              ii)

            	
              Variation
      in actual weights of items defined in Section 13-10 of the Standard
      Specification

            

    

     

    
      	
               
      

            	
              iii)

            	
              Changes
      required to obtain certification that cause modifications to the
      performance or weight of the
Aircraft

            

    

     

    
      	
              7

            	
              EXCLUSIVE
      GUARANTEES

            

    

     

    The
Guarantees are exclusive and are provided in lieu of any and all other
performance and weight guarantees of any nature which may be stated, referenced
or incorporated in the Standard Specification or any other
document.

     

    
      	
              8

            	
              UNDERTAKING
      REMEDIES

            

    

     

    Should
any Aircraft fail to meet any of the Guarantees contained in this Letter
Agreement, the Seller will use its reasonable endeavours to correct the
deficiency to comply with the subject guarantee.

     

    
      	
              8.1

            	
              Should
      the Seller fail to develop and make available corrective means (including
      but not limited to kits, procedures, adjustment of design weights) for the
      correction of the above said deficiency within one (1) year from delivery
      of the affected Aircraft, then the Seller shall in respect of such
      Aircraft pay to the Buyer by way of liquidated damages subject to Seller's
      maximum liability set forth hereunder on the anniversary date of the
      delivery for as long as the deficiency remains, the following
      amounts:

            

    

     

    ***

     

    
      	 
      	
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      4/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    LETTER
AGREEMENT N°5a

      

    * *
*

     

    
      	
              9

            	
              ASSIGNMENT

            

    

     

    Notwithstanding
any other provision of this Letter Agreement or of the Sales Proposal and/or the
forthcoming 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.

     

    
      	
              10

            	
              CONFIDENTIALITY

            

    

     

    This
Letter Agreement (and its existence) or any data exchanged between the Buyer and
the Seller for the fulfillment of their respective obligations under this Letter
Agreement shall be treated by both Parties as confidential and shall not be
released in whole or in part to any third party except as may be required by
law, or to auditors, legal or tax advisors for the purpose of implementation
hereof.

     

    In
particular, both Parties agree:

     

    
      	
               
      

            	
              -

            	
              not
      to make any press release concerning the whole or any part of the contents
      and/or subject matter of this Letter Agreement without the prior written
      consent of the other Party hereto.

            

    

     

    
      	
               
      

            	
              -

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

            

    

     

    
      	 
      	
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      5/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    LETTER
AGREEMENT N°5a

     

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

     

    
      	
               
      

            	
              (i)

            	
              the
      contact details of the Receiving
Party,

            

    

     

    
      	
            	
              (ii)

            	
              the
      extent of the Personal Information subject to
  disclosure,

            

    

     

    
      	
               
      

            	
              (iii)

            	
              the
      Aircraft pricing to be provided to the Receiving
  Party.

            

    

     

    Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of
this Letter Agreement to the extent legally permissible in any filing required
to be made by the Buyer with any governmental or regulatory
agency.  The Buyer agrees that prior to any such disclosure or filing,
the Seller and the Buyer shall jointly review and agree on the terms and
conditions of the document to be filed or disclosed.

     

    The
provisions of this Clause 10 shall survive any termination of this Letter
Agreement for a period of twelve (12) years after the date of Delivery of the
last Aircraft to be delivered under the Purchase Agreement.

     

    
      	 
      	
              Page
      6/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

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PAGE HAS BEEN REDACTED***]

      

    
      
      

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

      

    [***THIS
PAGE HAS BEEN REDACTED***]

      

    
      
      

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    LETTER
AGREEMENT N°5b

     

    CHINA EASTERN AIRLINES CORPORATION
LTD

    Hongqiao
International Airport,

    No. 2550
Hongqiao Road,

    Shanghai
200335,

    People's
Republic of China

     

    Subject:
A330-200 PERFORMANCE GUARANTEES (Pratt and Whitney 4170)

     

    CHINA EASTERN AIRLINES CORPORATION
LTD ("the Buyer") and AIRBUS SAS ("the Seller") have
entered into an A330 Purchase Agreement dated as of even date herewith (the "
Purchase Agreement" or the "Agreement") which covers the sale by the Seller and
the purchase by the Buyer of A330 Aircraft as described in the Specification
annexed to the said Purchase Agreement.

     

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

     

    Both
parties agree that this Letter Agreement, upon execution thereof, shall
constitute an integral, none severable part of said Agreement and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement.

     

    
      	 
      	
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      1/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    LETTER
AGREEMENT N°5b

     

    
      	
              1

            	
              AIRCRAFT
      CONFIGURATION

            

    

     

    The
guarantees defined below (the "Guarantees") are applicable to the A330-200
Aircraft as described in the Standard Specification Ref. G 000 02000 Issue 4.5
dated 30th April
2008 and amended by SCN for

     

    a)
installation of Pratt and Whitney 4170 propulsion system

     

    for
deliveries from 1st quarter 2009 onwards without taking into account any further
changes thereto as provided in the Agreement (the "Specification" for the
purposes of this Letter Agreement).

     

    
      	
              2

            	
              GUARANTEED
      PERFORMANCE

            

    

     

    
      	
              2.1

            	
              Take-off Field
      Length

            

    

     

    The JAR
take-off field length at an Aircraft gross weight of 230,000 kg at the start of
Take-Off Distance Available (TODA) at Sea Level pressure altitude in ISA+15°C
conditions shall not be more than a guaranteed value of:

     

    2,600
meters

     

    
      	
              2.2

            	
              Second Segment
      Climb

            

    

     

    The
Aircraft shall meet JAR 25 regulations for one engine inoperative climb after
take-off, undercarriage retracted, at a weight corresponding to the stated
weight at the start of Take-Off Distance Available (TODA), at the altitude and
temperature, and in the configuration of flap angle and safety speed required to
comply with the performance guaranteed in paragraph 2.1 above.

     

    
      	
              2.3

            	
              Landing Field
      Length

            

    

     

    JAR
certified dry landing field length at an Aircraft gross weight of 180,000 kg at
Sea Level pressure altitude shall be not more than a guaranteed value
of:

     

    1,905
meters

     

    
      	
              2.4

            	
              Cruise Specific Air
      Range

            

    

     

    The
average nautical miles per kilogram of fuel (average SAR) at a true Mach number
of 0.82 in ISA conditions under the Weight and Altitude conditions given
below:

     

    
      
        
          
            
              	
                      Gross
      Weight (kg)

                    	 	
                      Pressure
      Altitude (ft)

                    
	 	 	 
	
                      220,000

                    	 	
                      35,000

                    
	
                      200,000

                    	 	
                      37,000

                    
	
                      180,000

                    	 	
                      39,000

                    

            

          

        

      

    

     

    shall be
not less than a guaranteed value of:

     

    0.0813
nm/kg

     

    
      	 
      	
              Page
      2/7

            

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

    

     

    LETTER
AGREEMENT N°5b

     

    
      	
              3

            	
              MANUFACTURER'S WEIGHT
      EMPTY

            

    

     

    The
Seller guarantees a Manufacturer's Weights Empty as below:

     

    
      
        
          	
                  A330-200
      Pratt and Whitney 4170

                	 
      	
                  106,688
      kg plus 1.5%

                

        

      

    

     

    This is
the Manufacturer's Weights Empty of the Aircraft as defined in Section 13 -
10.00.00 of the Standard Specifications amended by the SCN's defined in
paragraph 1 of this Letter Agreement and are subject to adjustment as defined in
paragraph 6.2.

     

    
      	
              4

            	
              GUARANTEE
      CONDITIONS

            

    

     

    
      	
              4.1

            	
              The
      performance certification requirements for the Aircraft, except where
      otherwise noted, will be as stated in Section 02 of the Standard
      Specification.

            

    

     

    
      	
              4.2

            	
              For
      the determination of JAR take-off and landing performance a hard dry level
      runway surface with no runway strength limitations, no line-up allowances,
      no obstacles, zero wind, atmosphere according to ISA, except as otherwise
      noted, and the use of speed brakes, flaps, landing gear and engines in the
      conditions liable to provide the best results will be
    assumed.

            

    

     

    
      	
              4.2.1

            	
              When
      establishing take-off and second segment performance no air will be bled
      from the engines for cabin air conditioning or
  anti-icing.

            

    

     

    
      	
              4.3

            	
              Climb,
      cruise and descent performance associated with the Guarantees will include
      allowances for normal electrical load and for normal engine air bleed and
      power extraction associated with maximum cabin differential pressure as
      defined in Section 21-30.31 of the Specification.  Cabin air
      conditioning management during performance demonstration as described in
      Subparagraph 5.3 below may be such as to optimize the Aircraft performance
      while meeting the minimum air conditioning requirements defined
      above.  Unless otherwise stated no air will be bled from the
      engines for anti-icing.

            

    

     

    
      	
              4.4

            	
              The
      engines will be operated using not more than the engine manufacturer's
      maximum recommended outputs for take-off, maximum go-round, maximum
      continuous, maximum climb and cruise for normal
  operation.

            

    

     

    
      	
              4.5

            	
              Where
      applicable the Guarantees assume the use of an approved fuel having a
      density of 6.70 lb per US gallon and a lower heating value of 18,590 BTU
      per lb.  Cruise performance assume a centre of gravity position
      of 34% MAC.

            

    

     

    
      	
              5

            	
              GUARANTEE
      COMPLIANCE

            

    

     

    
      	
              5.1

            	
              Compliance
      with the Guarantees shall be demonstrated using operating procedures and
      limitations in accordance with those defined by the certifying
      Airworthiness Authority and by the Seller unless otherwise
      stated.

            

    

     

    
      	
              5.2

            	
              Compliance
      with the take-off, second segment and landing elements of the Guarantees
      will be demonstrated with reference to the JAA approved Flight
      Manual.

            

    

     

    
      	
              5.3

            	
              Compliance
      with those parts of the Guarantees defined in paragraph 2 above not
      covered by the requirements of the certifying Airworthiness Authority
      shall be demonstrated by calculation based on data obtained during flight
      tests conducted on one (or more, at the Seller's discretion) A330-200
      aircraft of the same

            

    

     

    
      	
               
      

            	
              Page
      3/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
       

      LETTER
AGREEMENT N°5b

    

    
        

      
        	
                 

              	
                aerodynamic
      configuration as the Aircraft purchased by the Buyer and incorporated in
      the In-Flight Performance Program and data bases ("the IFP") appropriate
      to the Aircraft.

              

      

        

    

    
      	
              5.4

            	
              Compliance
      with the Manufacturer's Weight Empty guarantees defined in Paragraph 3
      shall be demonstrated with reference to a Weight Compliance
      Report.

            

    

     

    
      	
              5.5

            	
              Data
      derived from tests will be adjusted as required using conventional methods
      of correction, interpolation or extrapolation in accordance with
      established aeronautical practices to show compliance with the
      Guarantees.

            

    

     

    
      	
              5.6

            	
              Compliance
      with the Guarantees is not contingent on engine performance defined in the
      engine manufacturer's
specification.

            

    

     

    
      	
              5.7

            	
              The
      Seller undertakes to furnish the Buyer with a report or reports
      demonstrating compliance with the Guarantees at, or as soon as possible
      after, the delivery of each of the Buyer's
  Aircraft.

            

    

     

    
      	
              6

            	
              ADJUSTMENT OF
      GUARANTEES

            

    

     

    
      	
              6.1

            	
              In
      the event of any change to any law, governmental regulation or requirement
      or interpretation thereof ("Rule Change") by any governmental agency made
      subsequent to the date of the Agreement and such rule change affects the
      Aircraft configuration or performance or both required to obtain
      certification the Guarantees shall be appropriately modified to reflect
      the effect of any such change.

            

    

     

    
      	
              6.2

            	
              The
      Guarantees apply to the Aircraft as described in paragraph 1 of this
      Letter Agreement and may be adjusted in the event
  of:

            

    

     

    
      	
               
      

            	
              (i)

            	
              Any
      further configuration change which is the subject of a
  SCN

            

    

     

    
      	
               
      

            	
              (ii)

            	
              Variation
      in actual weights of items defined in Section 13-10 of the Standard
      Specification

            

    

     

    
      	
               
      

            	
              (iii)

            	
              Changes
      required to obtain certification that cause modifications to the
      performance or weight of the
Aircraft

            

    

     

    
      	
              7

            	
              EXCLUSIVE
      GUARANTEES

            

    

     

    The
Guarantees are exclusive and are provided in lieu of any and all other
performance and weight guarantees of any nature which may be stated, referenced
or incorporated in the Standard Specification or any other
document.

     

    
      	
              8

            	
              UNDERTAKING
      REMEDIES

            

    

     

    Should
any Aircraft fail to meet any of the Guarantees contained in this Letter
Agreement, the Seller will use its reasonable endeavours to correct the
deficiency to comply with the subject guarantee.

     

    
      	
              8.1

            	
              Should
      the Seller fail to develop and make available corrective means (including
      but not limited to kits, procedures, adjustment of design weights) for the
      correction of the above said deficiency within one (1) year from delivery
      of the affected Aircraft, then the Seller shall in respect of such
      Aircraft pay to the Buyer by way of liquidated damages subject to Seller's
      maximum liability set forth hereunder on the anniversary date of the
      delivery for as long as the deficiency remains, the following
      amounts:

            

    

      

    
      	 
      	
              Page
      4/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    LETTER
AGREEMENT N°5b

     

    * * *

      

    
      	
              9

            	
              ASSIGNMENT

            

    

     

    Notwithstanding
any other provision of this Letter Agreement or of the Sales Proposal and/or the
forthcoming 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.

     

    
      	
              10

            	
              CONFIDENTIALITY

            

    

     

    This
Letter Agreement (and its existence) or any data exchanged between the Buyer and
the Seller for the fulfillment of their respective obligations under this Letter
Agreement shall be treated by both Parties as confidential and shall not be
released in whole or in part to any third party except as may be required by
law, or to auditors, legal or tax advisors for the purpose of implementation
hereof.

     

    In
particular, both Parties agree:

     

    
      	
               
      

            	
              -

            	
              not
      to make any press release concerning the whole or any part of the contents
      and/or subject matter of this Letter Agreement without the prior written
      consent of the other Party hereto.

            

    

     

    
      	
               
      

            	
              -

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

            

    

     

    
      	 
      	
              Page
      5/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    LETTER
AGREEMENT N°5b

     

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

     

    
      	
            	
              (i)

            	
              the
      contact details of the Receiving
Party,

            

    

     

    
      	
            	
              (ii)

            	
              the
      extent of the Personal Information subject to
  disclosure,

            

    

     

    
      	
            	
              (iii)

            	
              the
      Aircraft pricing to be provided to the Receiving
  Party.

            

    

     

    Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of
this Letter Agreement to the extent legally permissible in any filing required
to be made by the Buyer with any governmental or regulatory
agency.  The Buyer agrees that prior to any such disclosure or filing,
the Seller and the Buyer shall jointly review and agree on the terms and
conditions of the document to be filed or disclosed.

     

    The
provisions of this Clause 10 shall survive any termination of this Letter
Agreement for a period of twelve (12) years after the date of Delivery of the
last Aircraft to be delivered under the Purchase Agreement.

     

    
      	 
      	
              Page
      6/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

      

    [***THIS
PAGE HAS BEEN REDACTED***]

      

    
      
      

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

      

    [***THIS
PAGE HAS BEEN REDACTED***]

      

    
      
      

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    LETTER
AGREEMENT N°5c

     

    CHINA
EASTERN AIRLINES CORPORATION LTD

    Hongqiao
International Airport,

    No. 2550
Hongqiao Road,

    Shanghai
200335,

    People's
Republic of China

     

    Subject:
A330-200 PERFORMANCE GUARANTEES (Rolls-Royce Trent 772B "EP")

     

    CHINA EASTERN AIRLINES CORPORATION
LTD ("the Buyer") and AIRBUS SAS ("the Seller") have
entered into an A330 Purchase Agreement dated as of even date herewith (the
"Purchase Agreement" or the "Agreement") which covers the sale by the Seller and
the purchase by the Buyer of A330 Aircraft as described in the Specification
annexed to the said Purchase Agreement.

     

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

     

    Both
parties agree that this Letter Agreement, upon execution thereof, shall
constitute an integral, none severable part of said Agreement and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement.

     

    
      	 
      	
              Page
      1/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    LETTER
AGREEMENT N°5c

     

    
      	
              1

            	
              AIRCRAFT
      CONFIGURATION

            

    

     

    
      The
guarantees defined below (the "Guarantees") are applicable to the A330-200
Aircraft equipped with Rolls-Royce Trent 772B "EP" propulsion system as
described in the Standard Specification Ref. G 000 02000 Issue 4.5 dated 30th April
2008 for deliveries from 1st quarter 2009 onwards without taking into account
any further changes thereto as provided in the Agreement (the "Specification"
for the purposes of this Letter Agreement).

    

     

    
      	
              2

            	
              GUARANTEED
      PERFORMANCE

            

    

     

    
      	
              2.1

            	
              Take-off Field
      Length

            

    

     

    
      	
               
      

            	
              The
      JAR take-off field length at an Aircraft gross weight of 230,000 kg at the
      start of Take-Off Distance Available (TODA) at Sea Level pressure altitude
      in ISA+15°C conditions shall not be more than a guaranteed value
      of:

            

    

     

    
      2,620
meters

    

     

    
      	
              2.2

            	
              Second Segment
      Climb

            

    

     

    
      	
               
      

            	
              The
      Aircraft shall meet JAR 25 regulations for one engine inoperative climb
      after take-off, undercarriage retracted, at a weight corresponding to the
      stated weight at the start of Take-Off Distance Available (TODA), at the
      altitude and temperature, and in the configuration of flap angle and
      safety speed required to comply with the performance guaranteed in
      paragraph 2.1 above.

            

    

     

    
      	
              2.3

            	
              Landing Field
      Length

            

    

     

    
      	
               
      

            	
              JAR
      certified dry landing field length at an Aircraft gross weight of 180,000
      kg at Sea Level pressure altitude shall be not more than a guaranteed
      value of:

            

    

     

    
      1,895
meters

    

     

    
      	
              2.4

            	
              Cruise Specific Air
      Range

            

    

     

    
      	
               
      

            	
              The
      average nautical miles per kilogram of fuel (average SAR) at a true Mach
      number of 0.82 in ISA conditions under the Weight and Altitude conditions
      given below:

            

    

     

    
      
        
          
            
              	
                      Gross
      Weight (kg)

                    	
                      Pressure
      Altitude (ft)

                    
	 	 
	
                      220,000

                    	
                      35,000

                    
	
                      200,000

                    	
                      37,000

                    
	
                      180,000

                    	
                      39,000

                    

            

          

        

      

    

     

    shall be
not less than a guaranteed value of:

     

    0.0808
nm/kg

     

    
      	
              3

            	
              MANUFACTURER'S WEIGHT
      EMPTY

            

    

     

    The
Seller guarantees a Manufacturer's Weights Empty as below:

     

    
      
        	
                A330-200
      Rolls-Royce Trent 772B "EP"

              	 
      	
                106,445
      kg plus 1.5%

              

      

    

     

    
      	 
      	
              Page
      2/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    LETTER
AGREEMENT N°5c

     

    This is
the Manufacturer's Weights Empty of the Aircraft as defined in Section
13-10.00.00 of the Standard Specifications amended by the SCN's defined in
paragraph 1 of this Letter Agreement and are subject to adjustment as defined in
paragraph 6.2.

     

    
      	
              4

            	
              GUARANTEE
      CONDITIONS

            

    

     

    
      	
              4.1

            	
              The
      performance certification requirements for the Aircraft, except where
      otherwise noted, will be as stated in Section 02 of the Standard
      Specification.

            

    

     

    
      	
              4.2

            	
              For
      the determination of JAR take-off and landing performance a hard dry level
      runway surface with no runway strength limitations, no line-up allowances,
      no obstacles, zero wind, atmosphere according to ISA, except as otherwise
      noted, and the use of speed brakes, flaps, landing gear and engines in the
      conditions liable to provide the best results will be
    assumed.

            

    

     

    
      	
              4.2.1

            	
              When
      establishing take-off and second segment performance no air will be bled
      from the engines for cabin air conditioning or
  anti-icing.

            

    

     

    
      	
              4.3

            	
              Climb,
      cruise and descent performance associated with the Guarantees will include
      allowances for normal electrical load and for normal engine air bleed and
      power extraction associated with maximum cabin differential pressure as
      defined in Section 21-30.31 of the Specification.  Cabin air
      conditioning management during performance demonstration as described in
      Subparagraph 5.3 below may be such as to optimize the Aircraft performance
      while meeting the minimum air conditioning requirements defined
      above.  Unless otherwise stated no air will be bled from the
      engines for anti-icing.

            

    

     

    
      	
              4.4

            	
              The
      engines will be operated using not more than the engine manufacturer's
      maximum recommended outputs for take-off, maximum go-round, maximum
      continuous, maximum climb and cruise for normal
  operation.

            

    

     

    
      	
              4.5

            	
              Where
      applicable the Guarantees assume the use of an approved fuel having a
      density of 6.70 lb per US gallon and a lower heating value of 18,590 BTU
      per lb.  Cruise performance assume a centre of gravity position
      of 34% MAC.

            

    

     

    
      	
              5

            	
              GUARANTEE
      COMPLIANCE

            

    

     

    
      	
              5.1

            	
              Compliance
      with the Guarantees shall be demonstrated using operating procedures and
      limitations in accordance with those defined by the certifying
      Airworthiness Authority and by the Seller unless otherwise
      stated.

            

    

     

    
      	
              5.2

            	
              Compliance
      with the take-off, second segment and landing elements of the Guarantees
      will be demonstrated with reference to the JAA approved Flight
      Manual.

            

    

     

    
      	
              5.3

            	
              Compliance
      with those parts of the Guarantees defined in paragraph 2 above not
      covered by the requirements of the certifying Airworthiness Authority
      shall be demonstrated by calculation based on data obtained during flight
      tests conducted on one (or more, at the Seller's discretion) A330-200
      aircraft of the same aerodynamic configuration as the Aircraft purchased
      by the Buyer and incorporated in the In-Flight Performance Program and
      data bases ("the IFP") appropriate to the
  Aircraft.

            

    

     

    
      	
              5.4

            	
              Compliance
      with the Manufacturer's Weight Empty guarantees defined in Paragraph 3
      shall be demonstrated with reference to a Weight Compliance
      Report.

            

    

     

    
      	 
      	
              Page
      3/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    LETTER
AGREEMENT N°5c

     

    
      	
              5.5

            	
              Data
      derived from tests will be adjusted as required using conventional methods
      of correction, interpolation or extrapolation in accordance with
      established aeronautical practices to show compliance with the
      Guarantees.

            

    

     

    
      	
              5.6

            	
              Compliance
      with the Guarantees is not contingent on engine performance defined in the
      engine manufacturer's
specification.

            

    

     

    
      	
              5.7

            	
              The
      Seller undertakes to furnish the Buyer with a report or reports
      demonstrating compliance with the Guarantees at, or as soon as possible
      after, the delivery of each of the Buyer's
  Aircraft.

            

    

     

    
      	
              6

            	
              ADJUSTMENT OF
      GUARANTEES

            

    

     

    
      	
              6.1

            	
              In
      the event of any change to any law, governmental regulation or requirement
      or interpretation thereof ("Rule Change") by any governmental agency made
      subsequent to the date of the Agreement and such rule change affects the
      Aircraft configuration or performance or both required to obtain
      certification the Guarantees shall be appropriately modified to reflect
      the effect of any such change.

            

    

     

    
      	
              6.2

            	
              The
      Guarantees apply to the Aircraft as described in paragraph 1 of this
      Letter Agreement and may be adjusted in the event
  of:

            

    

     

    
      	
              (i)

            	
              Any
      further configuration change which is the subject of a
  SCN

            

    

     

    
      	
              (ii)

            	
              Variation
      in actual weights of items defined in Section 13-10 of the Standard
      Specification

            

    

     

    
      	
              (iii)

            	
              Changes
      required to obtain certification that cause modifications to the
      performance or weight of the
Aircraft

            

    

     

    
      	
              7

            	
              EXCLUSIVE
      GUARANTEES

            

    

     

    
      	
               
      

            	
              The
      Guarantees are exclusive and are provided in lieu of any and all other
      performance and weight guarantees of any nature which may be stated,
      referenced or incorporated in the Standard Specification or any other
      document.

            

    

     

    
      	
              8

            	
              UNDERTAKING
      REMEDIES

            

    

     

    
      	
               
      

            	
              Should
      any Aircraft fail to meet any of the Guarantees contained in this Letter
      Agreement, the Seller will use its reasonable endeavours to correct the
      deficiency to comply with the subject
guarantee.

            

    

     

    
      	
              8.1

            	
              Should
      the Seller fail to develop and make available corrective means (including
      but not limited to kits, procedures, adjustment of design weights) for the
      correction of the above said deficiency within one (1) year from delivery
      of the affected Aircraft, then the Seller shall in respect of such
      Aircraft pay to the Buyer by way of liquidated damages subject to Seller's
      maximum liability set forth hereunder on the anniversary date of the
      delivery for as long as the deficiency remains, the following
      amounts:

            

    

     

    ***

     

    
      	 
      	
              Page
      4/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    LETTER
AGREEMENT N°5c

      

    * * *

      

    
      	
              9

            	
              ASSIGNMENT

            

    

     

    
      	
               
      

            	
              Notwithstanding
      any other provision of this Letter Agreement or of the Sales Proposal
      and/or the forthcoming 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.

            

    

     

    
      	
              10

            	
              CONFIDENTIALITY

            

    

     

    
      	
               
      

            	
              This
      Letter Agreement (and its existence) or any data exchanged between the
      Buyer and the Seller for the fulfillment of their respective obligations
      under this Letter Agreement shall be treated by both Parties as
      confidential and shall not be released in whole or in part to any third
      party except as may be required by law, or to auditors, legal or tax
      advisors for the purpose of implementation
  hereof.

            

    

     

    
      	
               
      

            	
              In
      particular, both Parties agree:

            

    

     

    
      	
               
      

            	
              -

            	
              not
      to make any press release concerning the whole or any part of the contents
      and/or subject matter of this Letter Agreement without the prior written
      consent of the other Party hereto.

            

    

     

    
      	
               
      

            	
              -

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

            

    

     

    
      	 
      	
              Page
      5/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      LETTER
AGREEMENT N°5c

    

     

    
      	
               
      

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

            

    

     

    
      	
            	
              (i)

            	
              the
      contact details of the Receiving
Party,

            

    

     

    
      	
            	
              (ii)

            	
              the
      extent of the Personal Information subject to
  disclosure,

            

    

     

    
      	
            	
              (iii)

            	
              the
      Aircraft pricing to be provided to the Receiving
  Party.

            

    

     

    
      	
               
      

            	
              Furthermore,
      the Buyer shall use its best efforts to limit the disclosure of the
      contents of this Letter Agreement to the extent legally permissible in any
      filing required to be made by the Buyer with any governmental or
      regulatory agency.  The Buyer agrees that prior to any such
      disclosure or filing, the Seller and the Buyer shall jointly review and
      agree on the terms and conditions of the document to be filed or
      disclosed.

            

    

     

    
      	
               
      

            	
              The
      provisions of this Clause 10 shall survive any termination of this Letter
      Agreement for a period of twelve (12) years after the date of Delivery of
      the last Aircraft to be delivered under the Purchase
      Agreement.

            

    

     

    
      	 
      	
              Page
      6/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

      

    [***THIS
PAGE HAS BEEN REDACTED***]

      

    
      
      

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

       

    [***THIS
PAGE HAS BEEN REDACTED***]

      

    
      
      

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    LETTER
AGREEMENT N°5d

     

    CHINA
EASTERN AIRLINES CORPORATION LTD

    Hongqiao
International Airport,

    No. 2550
Hongqiao Road,

    Shanghai
200335,

    People's
Republic of China

     

    Subject:
A330-300 PERFORMANCE GUARANTEES (General Electric CF6-80E1A4)

     

    CHINA EASTERN AIRLINES CORPORATION
LTD ("the Buyer") and AIRBUS SAS ("the Seller") have
entered into an A330 Purchase Agreement dated as of even date herewith (the
"Purchase Agreement" or the "Agreement") which covers the sale by the Seller and
the purchase by the Buyer of A330 Aircraft as described in the Specification
annexed to the said Purchase Agreement.

     

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

     

    Both
parties agree that this Letter Agreement, upon execution thereof, shall
constitute an integral, none severable part of said Agreement and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement.

     

    
      	 
      	
              Page
      1/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    LETTER
AGREEMENT N°5d

     

    
      	
              1

            	
              AIRCRAFT
      CONFIGURATION

            

    

     

    
      	
               
      

            	
              The
      guarantees defined below (the "Guarantees") are applicable to the A330-300
      Aircraft equipped with General Electric CF6-80E1A4 propulsion system as
      described in the Standard Specification Ref. G 000 03000 Issue 7.5 dated
      30th
      April 2008 without taking into account any further changes thereto as
      provided in the Agreement (the "Specification" for the purposes of this
      Letter Agreement).

            

    

     

    
      	
              2

            	
              GUARANTEED
      PERFORMANCE

            

    

     

    
      	
              2.1

            	
              Take-off Field
      Length

            

    

     

    
      	
               
      

            	
              The
      JAR take-off field length at an Aircraft gross weight of 230,000 kg at the
      start of Take-Off Distance Available (TODA) at Sea Level pressure altitude
      in ISA+15°C conditions shall not be more than a guaranteed value
      of:

            

    

     

    
      2,690
meters

    

     

    
      	
              2.2

            	
              Second Segment
      Climb

            

    

     

    
      	
               
      

            	
              The
      Aircraft shall meet JAR 25 regulations for one engine inoperative climb
      after take-off, undercarriage retracted, at a weight corresponding to the
      stated weight at the start of Take-Off Distance Available (TODA), at the
      altitude and temperature, and in the configuration of flap angle and
      safety speed required to comply with the performance guaranteed in
      paragraph 2.1 above.

            

    

     

    
      	
              2.3

            	
              Landing Field
      Length

            

    

     

    
      	
               
      

            	
              JAR
      certified dry landing field length at an Aircraft gross weight of 185,000
      kg at Sea Level pressure altitude shall be not more than a guaranteed
      value of:

            

    

     

    
      1,905
meters

    

     

    
      	
              2.4

            	
              Cruise Specific Air
      Range

            

    

     

    
      	
               
      

            	
              The
      average nautical miles per kilogram of fuel (average SAR) at a true Mach
      number of 0.82 in ISA conditions under the Weight and Altitude conditions
      given below:

            

    

     

    
      
        
          
            	
                    Gross
      Weight (kg)

                  	
                    Pressure
      Altitude (ft)

                  
	 	 
	
                    220,000

                  	
                    35,000

                  
	
                    200,000

                  	
                    37,000

                  
	
                    180,000

                  	
                    39,000

                  

          

        

      

    

     

    shall be
not less than a guaranteed value of:

     

    0.0800
nm/kg

     

    
      	
              3

            	
              MANUFACTURER'S WEIGHT
      EMPTY

            

    

     

    
      	
               
      

            	
              The
      Seller guarantees a Manufacturer's Weights Empty as
  below:

            

    

     

    
      
        
          	
                  A330-300
      General Electric CF6-80E1A4

                	 
      	
                  108,670
      kg plus 1.5%

                

        

      

    

     

    
      	
               
      

            	
              This
      is the Manufacturer's Weights Empty of the Aircraft as defined in Section
      13-10.00.00 of the Standard Specifications amended by the SCN's defined in
      

            

    

     

    
      	 
      	
              Page
      2/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    LETTER
AGREEMENT N°5d

    
       

      
        	
                 
      

              	
                paragraph
      1 of this Letter Agreement and are subject to adjustment as defined in
      paragraph 6.2.

              

      

       

    

    
      	
              4

            	
              GUARANTEE
      CONDITIONS

            

    

     

    
      	
              4.1

            	
              The
      performance certification requirements for the Aircraft, except where
      otherwise noted, will be as stated in Section 02 of the Standard
      Specification.

            

    

     

    
      	
              4.2

            	
              For
      the determination of JAR take-off and landing performance a hard dry level
      runway surface with no runway strength limitations, no line-up allowances,
      no obstacles, zero wind, atmosphere according to ISA, except as otherwise
      noted, and the use of speed brakes, flaps, landing gear and engines in the
      conditions liable to provide the best results will be
    assumed.

            

    

     

    
      	
              4.2.1

            	
              When
      establishing take-off and second segment performance no air will be bled
      from the engines for cabin air conditioning or
  anti-icing.

            

    

     

    
      	
              4.3

            	
              Climb,
      cruise and descent performance associated with the Guarantees will include
      allowances for normal electrical load and for normal engine air bleed and
      power extraction associated with maximum cabin differential pressure as
      defined in Section 21-30.31 of the Specification.  Cabin air
      conditioning management during performance demonstration as described in
      Subparagraph 5.3 below may be such as to optimize the Aircraft performance
      while meeting the minimum air conditioning requirements defined
      above.  Unless otherwise stated no air will be bled from the
      engines for anti-icing.

            

    

     

    
      	
              4.4

            	
              The
      engines will be operated using not more than the engine manufacturer's
      maximum recommended outputs for take-off, maximum go-round, maximum
      continuous, maximum climb and cruise for normal
  operation.

            

    

     

    
      	
              4.5

            	
              Where
      applicable the Guarantees assume the use of an approved fuel having a
      density of 6.70 lb per US gallon and a lower heating value of 18,590 BTU
      per lb.  Cruise performance assume a centre of gravity position
      of 34% MAC.

            

    

     

    
      	
              5

            	
              GUARANTEE
      COMPLIANCE

            

    

     

    
      	
              5.1

            	
              Compliance
      with the Guarantees shall be demonstrated using operating procedures and
      limitations in accordance with those defined by the certifying
      Airworthiness Authority and by the Seller unless otherwise
      stated.

            

    

     

    
      	
              5.2

            	
              Compliance
      with the take-off, second segment and landing elements of the Guarantees
      will be demonstrated with reference to the JAA approved Flight
      Manual.

            

    

     

    
      	
              5.3

            	
              Compliance
      with those parts of the Guarantees defined in paragraph 2 above not
      covered by the requirements of the certifying Airworthiness Authority
      shall be demonstrated by calculation based on data obtained during flight
      tests conducted on one (or more, at the Seller's discretion) A330-300
      aircraft of the same aerodynamic configuration as the Aircraft purchased
      by the Buyer and incorporated in the In-Flight Performance Program and
      data bases ("the IFP") appropriate to the
  Aircraft.

            

    

     

    
      	
              5.4

            	
              Compliance
      with the Manufacturer's Weight Empty guarantees defined in Paragraph 3
      shall be demonstrated with reference to a Weight Compliance
      Report.

            

    

     

    
      	 
      	
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      3/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    LETTER
AGREEMENT N°5d

     

    
      	
              5.5

            	
              Data
      derived from tests will be adjusted as required using conventional methods
      of correction, interpolation or extrapolation in accordance with
      established aeronautical practices to show compliance with the
      Guarantees.

            

    

     

    
      	
              5.6

            	
              Compliance
      with the Guarantees is not contingent on engine performance defined in the
      engine manufacturer's
specification.

            

    

     

    
      	
              5.7

            	
              The
      Seller undertakes to furnish the Buyer with a report or reports
      demonstrating compliance with the Guarantees at, or as soon as possible
      after, the delivery of each of the Buyer's
  Aircraft.

            

    

     

    
      	
              6

            	
              ADJUSTMENT OF
      GUARANTEES

            

    

     

    
      	
              6.1

            	
              In
      the event of any change to any law, governmental regulation or requirement
      or interpretation thereof ("Rule Change") by any governmental agency made
      subsequent to the date of the Agreement and such rule change affects the
      Aircraft configuration or performance or both required to obtain
      certification the Guarantees shall be appropriately modified to reflect
      the effect of any such change.

            

    

     

    
      	
              6.2

            	
              The
      Guarantees apply to the Aircraft as described in paragraph 1 of this
      Letter Agreement and may be adjusted in the event
  of:

            

    

     

    
      	
               
      

            	
              (i)

            	
              Any
      further configuration change which is the subject of a
  SCN

            

    

     

    
      	
               
      

            	
              (ii)

            	
              Variation
      in actual weights of items defined in Section 13-10 of the Standard
      Specification

            

    

     

    
      	
               
      

            	
              (iii)

            	
              Changes
      required to obtain certification that cause modifications to the
      performance or weight of the
Aircraft

            

    

     

    
      	
              7

            	
              EXCLUSIVE
      GUARANTEES

            

    

     

    
      	
               
      

            	
              The
      Guarantees are exclusive and are provided in lieu of any and all other
      performance and weight guarantees of any nature which may be stated,
      referenced or incorporated in the Standard Specification or any other
      document.

            

    

     

    
      	
              8

            	
              UNDERTAKING
      REMEDIES

            

    

     

    
      	
               
      

            	
              Should
      any Aircraft fail to meet any of the Guarantees contained in this Letter
      Agreement, the Seller will use its reasonable endeavours to correct the
      deficiency to comply with the subject
guarantee.

            

    

     

    
      	
              8.1

            	
              Should
      the Seller fail to develop and make available corrective means (including
      but not limited to kits, procedures, adjustment of design weights) for the
      correction of the above said deficiency within one (1) year from delivery
      of the affected Aircraft, then the Seller shall in respect of such
      Aircraft pay to the Buyer by way of liquidated damages subject to Seller's
      maximum liability set forth hereunder on the anniversary date of the
      delivery for as long as the deficiency remains, the following
      amounts:

            

    

     

    ***

     

    
      	 
      	
              Page
      4/7

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    LETTER
AGREEMENT N°5d

      

    * * *

      

    
      	
              9

            	
              ASSIGNMENT

            

    

     

    
      Notwithstanding
any other provision of this Letter Agreement or of the Sales Proposal and/or the
forthcoming 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.

    

     

    
      	
              10

            	
              CONFIDENTIALITY

            

    

     

    
      This
Letter Agreement (and its existence) or any data exchanged between the Buyer and
the Seller for the fulfillment of their respective obligations under this Letter
Agreement shall be treated by both Parties as confidential and shall not be
released in whole or in part to any third party except as may be required by
law, or to auditors, legal or tax advisors for the purpose of implementation
hereof.

    

     

    In
particular, both Parties agree:

     

    
      	
               
      

            	
              -

            	
              not
      to make any press release concerning the whole or any part of the contents
      and/or subject matter of this Letter Agreement without the prior written
      consent of the other Party hereto.

            

    

     

    
      	
               
      

            	
              -

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

            

    

     

    
      Page
5/7

        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

       

    

    
      LETTER
AGREEMENT N°5d

    

     

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

    

     

    (i)         the
contact details of the Receiving Party,

     

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

     

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

     

    
      Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of
this Letter Agreement to the extent legally permissible in any filing required
to be made by the Buyer with any governmental or regulatory
agency.  The Buyer agrees that prior to any such disclosure or filing,
the Seller and the Buyer shall jointly review and agree on the terms and
conditions of the document to be filed or disclosed.

    

     

    
      The
provisions of this Clause 10 shall survive any termination of this Letter
Agreement for a period of twelve (12) years after the date of Delivery of the
last Aircraft to be delivered under the Purchase Agreement.

    

     

    
      Page
6/7

        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      
          

      

    

    [***THIS
PAGE HAS BEEN REDACTED***]

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    
        

    

    [***THIS
PAGE HAS BEEN REDACTED***]

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    LETTER
AGREEMENT N°5e

     

    CHINA
EASTERN AIRLINES CORPORATION LTD

    Hongqiao
International Airport,

    No. 2550
Hongqiao Road,

    Shanghai
200335,

    People's
Republic of China

     

    Subject:
A330-300 PERFORMANCE GUARANTEES (Pratt and Whitney 4170)

     

    CHINA EASTERN AIRLINES CORPORATION
LTD ("the Buyer") and AIRBUS SAS ("the Seller") have
entered into an A330 Purchase Agreement dated as of even date herewith (the
"Purchase Agreement" or the "Agreement") which covers the sale by the Seller and
the purchase by the Buyer of A330 Aircraft as described in the Specification
annexed to the said Purchase Agreement.

     

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

     

    Both
parties agree that this Letter Agreement, upon execution thereof, shall
constitute an integral, none severable part of said Agreement and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement.

     

    Page
1/7

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    LETTER
AGREEMENT N°5e

     

    
      
        	
                1

              	
                AIRCRAFT
      CONFIGURATION

              

      

    

     

    
      The
guarantees defined below (the "Guarantees") are applicable to the A330-300
Aircraft as described in the Standard Specification Ref. G 000 03000 Issue 7.5
dated 30th April
2008 and amended by SCN for

    

     

    a)
installation of Pratt and Whitney 4170 propulsion system

     

    for
deliveries from 1st quarter 2009 onwards without taking into account any further
changes thereto as provided in the Agreement (the "Specification" for the
purposes of this Letter Agreement).

     

    
      	
              2

            	
              GUARANTEED
      PERFORMANCE

            

    

     

    
      	
              2.1

            	
              Take-off Field
      Length

            

    

     

    
      The JAR
take-off field length at an Aircraft gross weight of 230,000 kg at the start of
Take-Off Distance Available (TODA) at Sea Level pressure altitude in ISA+15°C
conditions shall not be more than a guaranteed value of:

    

     

    
      2,570
meters

    

     

    
      	
              2.2

            	
              Second Segment
      Climb

            

    

     

    
      The
Aircraft shall meet JAR 25 regulations for one engine inoperative climb after
take-off, undercarriage retracted, at a weight corresponding to the stated
weight at the start of Take-Off Distance Available (TODA), at the altitude and
temperature, and in the configuration of flap angle and safety speed required to
comply with the performance guaranteed in paragraph 2.1
above.

    

     

    
      	
              2.3

            	
              Landing Field
      Length

            

    

     

    
      JAR
certified dry landing field length at an Aircraft gross weight of 185,000 kg at
Sea Level pressure altitude shall be not more than a guaranteed value
of:

    

     

    
      1,905
meters

    

     

    
      	
              2.4

            	
              Cruise Specific Air
      Range

            

    

     

    
      The
average nautical miles per kilogram of fuel (average SAR) at a true Mach number
of 0.82 in ISA conditions under the Weight and Altitude conditions given
below:

    

     

    
      
        
          	
                  Gross Weight (kg)

                	 	
                  Pressure Altitude (ft)

                
	 
      	 	 
      
	
                  220,000

                	 	
                  35,000

                
	
                  200,000

                	 	
                  37,000

                
	
                  180,000

                	 	
                  39,000

                

        

      

    

     

    shall be
not less than a guaranteed value of:

     

    0.0805
nm/kg

     

    Page
2/7

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    LETTER
AGREEMENT N°5e

     

    
      	
              3

            	
              MANUFACTURER'S WEIGHT
      EMPTY

            

    

     

    The
Seller guarantees a Manufacturer's Weights Empty as below:

     

    
      
        
          
            
              
                	
                        A330-300
      Pratt and Whitney 4170

                      	
                          

                      	
                        108,998
      kg plus
1.5%

                      

              

            

          

        

      

    

     

    
      This is
the Manufacturer's Weights Empty of the Aircraft as defined in Section
13-10.00.00 of the Standard Specifications amended by the SCN's defined in
paragraph 1 of this Letter Agreement and are subject to adjustment as defined in
paragraph 6.2.

    

     

    
      	
              4

            	
              GUARANTEE
      CONDITIONS

            

    

     

    
      	
              4.1

            	
              The
      performance certification requirements for the Aircraft, except where
      otherwise noted, will be as stated in Section 02 of the Standard
      Specification.

            

    

     

    
      	
              4.2

            	
              For
      the determination of JAR take-off and landing performance a hard dry level
      runway surface with no runway strength limitations, no line-up allowances,
      no obstacles, zero wind, atmosphere according to ISA, except as otherwise
      noted, and the use of speed brakes, flaps, landing gear and engines in the
      conditions liable to provide the best results will be
    assumed.

            

    

     

    
      	
              4.2.1

            	
              When
      establishing take-off and second segment performance no air will be bled
      from the engines for cabin air conditioning or
  anti-icing.

            

    

     

    
      	
              4.3

            	
              Climb,
      cruise and descent performance associated with the Guarantees will include
      allowances for normal electrical load and for normal engine air bleed and
      power extraction associated with maximum cabin differential pressure as
      defined in Section 21-30.31 of the Specification.  Cabin air
      conditioning management during performance demonstration as described in
      Subparagraph 5.3 below may be such as to optimize the Aircraft performance
      while meeting the minimum air conditioning requirements defined
      above.  Unless otherwise stated no air will be bled from the
      engines for anti-icing.

            

    

     

    
      	
              4.4

            	
              The
      engines will be operated using not more than the engine manufacturer's
      maximum recommended outputs for take-off, maximum go-round, maximum
      continuous, maximum climb and cruise for normal
  operation.

            

    

     

    
      	
              4.5

            	
              Where
      applicable the Guarantees assume the use of an approved fuel having a
      density of 6.70 lb per US gallon and a lower heating value of 18,590 BTU
      per lb.  Cruise performance assume a centre of gravity position
      of 34% MAC.

            

    

     

    
      	
              5

            	
              GUARANTEE
      COMPLIANCE

            

    

     

    
      	
              5.1

            	
              Compliance
      with the Guarantees shall be demonstrated using operating procedures and
      limitations in accordance with those defined by the certifying
      Airworthiness Authority and by the Seller unless otherwise
      stated.

            

    

     

    
      	
              5.2

            	
              Compliance
      with the take-off, second segment and landing elements of the Guarantees
      will be demonstrated with reference to the JAA approved Flight
      Manual.

            

    

     

    
      	
              5.3

            	
              Compliance
      with those parts of the Guarantees defined in paragraph 2 above not
      covered by the requirements of the certifying Airworthiness Authority
      shall be demonstrated by calculation based on data obtained during flight
      tests conducted on one (or more, at the Seller's discretion) A330-300
      aircraft of the same

            

    

     

    Page
3/7

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    
      LETTER
AGREEMENT N°5e

    

    
        

      
        	
                 

              	
                aerodynamic
      configuration as the Aircraft purchased by the Buyer and incorporated in
      the In-Flight Performance Program and data bases ("the IFP") appropriate
      to the Aircraft.

              

      

        

    

    
      	
              5.4

            	
              Compliance
      with the Manufacturer's Weight Empty guarantees defined in Paragraph 3
      shall be demonstrated with reference to a Weight Compliance
      Report.

            

    

     

    
      	
              5.5

            	
              Data
      derived from tests will be adjusted as required using conventional methods
      of correction, interpolation or extrapolation in accordance with
      established aeronautical practices to show compliance with the
      Guarantees.

            

    

     

    
      	
              5.6

            	
              Compliance
      with the Guarantees is not contingent on engine performance defined in the
      engine manufacturer's
specification.

            

    

     

    
      	
              5.7

            	
              The
      Seller undertakes to furnish the Buyer with a report or reports
      demonstrating compliance with the Guarantees at, or as soon as possible
      after, the delivery of each of the Buyer's
  Aircraft.

            

    

     

    
      	
              6

            	
              ADJUSTMENT OF
      GUARANTEES

            

    

     

    
      	
              6.1

            	
              In
      the event of any change to any law, governmental regulation or requirement
      or interpretation thereof ("Rule Change") by any governmental agency made
      subsequent to the date of the Agreement and such rule change affects the
      Aircraft configuration or performance or both required to obtain
      certification the Guarantees shall be appropriately modified to reflect
      the effect of any such change.

            

    

     

    
      	
              6.2

            	
              The
      Guarantees apply to the Aircraft as described in paragraph 1 of this
      Letter Agreement and may be adjusted in the event
  of:

            

    

     

    
      	
              (i)

            	
              Any
      further configuration change which is the subject of a
  SCN

            

    

     

    
      	
              (ii)

            	
              Variation
      in actual weights of items defined in Section 13-10 of the Standard
      Specification

            

    

     

    
      	
              (iii)

            	
              Changes
      required to obtain certification that cause modifications to the
      performance or weight of the
Aircraft

            

    

     

    
      	
              7

            	
              EXCLUSIVE
      GUARANTEES

            

    

     

    
      The
Guarantees are exclusive and are provided in lieu of any and all other
performance and weight guarantees of any nature which may be stated, referenced
or incorporated in the Standard Specification or any other
document.

    

     

    
      	
              8

            	
              UNDERTAKING
      REMEDIES

            

    

     

    
      Should
any Aircraft fail to meet any of the Guarantees contained in this Letter
Agreement, the Seller will use its reasonable endeavours to correct the
deficiency to comply with the subject guarantee.

    

     

    
      	
              8.1

            	
              Should
      the Seller fail to develop and make available corrective means (including
      but not limited to kits, procedures, adjustment of design weights) for the
      correction of the above said deficiency within one (1) year from delivery
      of the affected Aircraft, then the Seller shall in respect of such
      Aircraft pay to the Buyer by way of liquidated damages subject to Seller's
      maximum liability set forth hereunder on the anniversary date of the
      delivery for as long as the deficiency remains, the following
      amounts:

            

    

    
    

    Page
4/7

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    LETTER
AGREEMENT N°5e

      

    * * *

      

    
      	
              9

            	
              ASSIGNMENT

            

    

     

    
      Notwithstanding
any other provision of this Letter Agreement or of the Sales Proposal and/or the
forthcoming 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.

    

     

    
      	
              10

            	
              CONFIDENTIALITY

            

    

     

    
      This
Letter Agreement (and its existence) or any data exchanged between the Buyer and
the Seller for the fulfillment of their respective obligations under this Letter
Agreement shall be treated by both Parties as confidential and shall not be
released in whole or in part to any third party except as may be required by
law, or to auditors, legal or tax advisors for the purpose of implementation
hereof.

    

     

    In
particular, both Parties agree:

     

    
      	
               
      

            	
              -

            	
              not
      to make any press release concerning the whole or any part of the contents
      and/or subject matter of this Letter Agreement without the prior written
      consent of the other Party hereto.

            

    

     

    
      	
               
      

            	
              -

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

            

    

     

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    LETTER
AGREEMENT N°5e

     

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

     

    (i)         the
contact details of the Receiving Party,

     

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

     

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

     

    
      Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of
this Letter Agreement to the extent legally permissible in any filing required
to be made by the Buyer with any governmental or regulatory
agency.  The Buyer agrees that prior to any such disclosure or filing,
the Seller and the Buyer shall jointly review and agree on the terms and
conditions of the document to be filed or disclosed.

    

     

    
      The
provisions of this Clause 10 shall survive any termination of this Letter
Agreement for a period of twelve (12) years after the date of Delivery of the
last Aircraft to be delivered under the Purchase Agreement.

    

     

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    LETTER
AGREEMENT N°5f

     

    CHINA
EASTERN AIRLINES CORPORATION LTD

    Hongqiao
International Airport,

    No. 2550
Hongqiao Road,

    Shanghai
200335,

    People's
Republic of China

     

    Subject:
A330-300 PERFORMANCE GUARANTEES (Rolls-Royce Trent 772B "EP")

     

    CHINA EASTERN AIRLINES CORPORATION
LTD ("the Buyer") and AIRBUS SAS ("the Seller") have
entered into an A330 Purchase Agreement dated as of even date herewith (the
"Purchase Agreement" or the "Agreement") which covers the sale by the Seller and
the purchase by the Buyer of A330 Aircraft as described in the Specification
annexed to the said Purchase Agreement.

     

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

     

    Both
parties agree that this Letter Agreement, upon execution thereof, shall
constitute an integral, none severable part of said Agreement and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement.

     

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    LETTER
AGREEMENT N°5f

     

    
      	
              1

            	
              AIRCRAFT
      CONFIGURATION

            

    

     

    
      The
guarantees defined below (the "Guarantees") are applicable to the A330-300
Aircraft equipped with Rolls-Royce Trent 772B "EP" propulsion system as
described in the Standard Specification Ref. G 000 03000 Issue 7.5 dated 30th April
2008 for deliveries from 1st quarter 2009 onwards without taking into account
any further changes thereto as provided in the Agreement (the "Specification"
for the purposes of this Letter Agreement).

    

     

    
      	
              2

            	
              GUARANTEED
      PERFORMANCE

            

    

     

    
      	
              2.1

            	
              Take-off Field
      Length

            

    

     

    
      The JAR
take-off field length at an Aircraft gross weight of 230,000 kg at the start of
Take-Off Distance Available (TODA) at Sea Level pressure altitude in ISA+15°C
conditions shall not be more than a guaranteed value of:

    

     

    
      2,600
meters

    

     

    
      	
              2.2

            	
              Second Segment
      Climb

            

    

     

    
      The
Aircraft shall meet JAR 25 regulations for one engine inoperative climb after
take-off, undercarriage retracted, at a weight corresponding to the stated
weight at the start of Take-Off Distance Available (TODA), at the altitude and
temperature, and in the configuration of flap angle and safety speed required to
comply with the performance guaranteed in paragraph 2.1
above.

    

     

    
      	
              2.3

            	
              Landing Field
      Length

            

    

     

    
      JAR
certified dry landing field length at an Aircraft gross weight of 185,000 kg at
Sea Level pressure altitude shall be not more than a guaranteed value
of:

    

     

    
      1,900
meters

    

     

    
      	
              2.4

            	
              Cruise Specific Air
      Range

            

    

     

    
      The
average nautical miles per kilogram of fuel (average SAR) at a true Mach number
of 0.82 in ISA conditions under the Weight and Altitude conditions given
below:

    

     

    
      
        
          	
                  Gross
      Weight (kg)

                	 
      	
                  Pressure
      Altitude (ft)

                
	 
      	 
      	 
      
	
                  220,000

                	 
      	
                  35,000

                
	
                  200,000

                	 
      	
                  37,000

                
	
                  180,000

                	
                    

                	
                  39,000

                

        

      

    

     

    shall be
not less than a guaranteed value of:

     

    0.0800
nm/kg

     

    
      	
              3

            	
              MANUFACTURER'S WEIGHT
      EMPTY

            

    

     

    The
Seller guarantees a Manufacturer's Weights Empty as below:

     

    
      
        
          
            	
                    A330-300
      Rolls-Royce Trent 772B "EP"

                  	
                      

                  	
                    108,755
      kg plus 1.5%

                  

          

        

      

    

    

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    LETTER
AGREEMENT N°5f

     

    This is
the Manufacturer's Weights Empty of the Aircraft as defined in Section
13-10.00.00 of the Standard Specifications amended by the SCN's defined in
paragraph 1 of this Letter Agreement and are subject to adjustment as defined in
paragraph 6.2.

     

    
      	
              4

            	
              GUARANTEE
      CONDITIONS

            

    

     

    
      	
              4.1

            	
              The
      performance certification requirements for the Aircraft, except where
      otherwise noted, will be as stated in Section 02 of the Standard
      Specification.

            

    

     

    
      	
              4.2

            	
              For
      the determination of JAR take-off and landing performance a hard dry level
      runway surface with no runway strength limitations, no line-up allowances,
      no obstacles, zero wind, atmosphere according to ISA, except as otherwise
      noted, and the use of speed brakes, flaps, landing gear and engines in the
      conditions liable to provide the best results will be
    assumed.

            

    

     

    
      	
              4.2.1

            	
              When
      establishing take-off and second segment performance no air will be bled
      from the engines for cabin air conditioning or
  anti-icing.

            

    

     

    
      	
              4.3

            	
              Climb,
      cruise and descent performance associated with the Guarantees will include
      allowances for normal electrical load and for normal engine air bleed and
      power extraction associated with maximum cabin differential pressure as
      defined in Section 21-30.31 of the Specification.  Cabin air
      conditioning management during performance demonstration as described in
      Subparagraph 5.3 below may be such as to optimize the Aircraft performance
      while meeting the minimum air conditioning requirements defined
      above.  Unless otherwise stated no air will be bled from the
      engines for anti-icing.

            

    

     

    
      	
              4.4

            	
              The
      engines will be operated using not more than the engine manufacturer's
      maximum recommended outputs for take-off, maximum go-round, maximum
      continuous, maximum climb and cruise for normal
  operation.

            

    

     

    
      	
              4.5

            	
              Where
      applicable the Guarantees assume the use of an approved fuel having a
      density of 6.70 lb per US gallon and a lower heating value of 18,590 BTU
      per lb.  Cruise performance assume a centre of gravity position
      of 34% MAC.

            

    

     

    
      	
              5

            	
              GUARANTEE
      COMPLIANCE

            

    

     

    
      	
              5.1

            	
              Compliance
      with the Guarantees shall be demonstrated using operating procedures and
      limitations in accordance with those defined by the certifying
      Airworthiness Authority and by the Seller unless otherwise
      stated.

            

    

     

    
      	
              5.2

            	
              Compliance
      with the take-off, second segment and landing elements of the Guarantees
      will be demonstrated with reference to the JAA approved Flight
      Manual.

            

    

     

    
      	
              5.3

            	
              Compliance
      with those parts of the Guarantees defined in paragraph 2 above not
      covered by the requirements of the certifying Airworthiness Authority
      shall be demonstrated by calculation based on data obtained during flight
      tests conducted on one (or more, at the Seller's discretion) A330-300
      aircraft of the same aerodynamic configuration as the Aircraft purchased
      by the Buyer and incorporated in the In-Flight Performance Program and
      data bases ("the IFP") appropriate to the
  Aircraft.

            

    

     

    
      	
              5.4

            	
              Compliance
      with the Manufacturer's Weight Empty guarantees defined in Paragraph 3
      shall be demonstrated with reference to a Weight Compliance
      Report.

            

    

     

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      LETTER
AGREEMENT N°5f

    

     

    
      	
              5.5

            	
              Data
      derived from tests will be adjusted as required using conventional methods
      of correction, interpolation or extrapolation in accordance with
      established aeronautical practices to show compliance with the
      Guarantees.

            

    

     

    
      	
              5.6

            	
              Compliance
      with the Guarantees is not contingent on engine performance defined in the
      engine manufacturer's
specification.

            

    

     

    
      	
              5.7

            	
              The
      Seller undertakes to furnish the Buyer with a report or reports
      demonstrating compliance with the Guarantees at, or as soon as possible
      after, the delivery of each of the Buyer's
  Aircraft.

            

    

     

    
      	
              6

            	
              ADJUSTMENT OF
      GUARANTEES

            

    

     

    
      	
              6.1

            	
              In
      the event of any change to any law, governmental regulation or requirement
      or interpretation thereof ("Rule Change") by any governmental agency made
      subsequent to the date of the Agreement and such rule change affects the
      Aircraft configuration or performance or both required to obtain
      certification the Guarantees shall be appropriately modified to reflect
      the effect of any such change.

            

    

     

    
      	
              6.2

            	
              The
      Guarantees apply to the Aircraft as described in paragraph 1 of this
      Letter Agreement and may be adjusted in the event
  of:

            

    

     

    
      	
               
      

            	
              (i)

            	
              Any
      further configuration change which is the subject of a
  SCN

            

    

     

    
      	
               
      

            	
              (ii)

            	
              Variation
      in actual weights of items defined in Section 13-10 of the Standard
      Specification

            

    

     

    
      	
               
      

            	
              (iii)

            	
              Changes
      required to obtain certification that cause modifications to the
      performance or weight of the
Aircraft

            

    

     

    
      	
              7

            	
              EXCLUSIVE
      GUARANTEES

            

    

     

    
      The
Guarantees are exclusive and are provided in lieu of any and all other
performance and weight guarantees of any nature which may be stated, referenced
or incorporated in the Standard Specification or any other
document.

    

     

    
      	
              8

            	
              UNDERTAKING
      REMEDIES

            

    

     

    
      Should
any Aircraft fail to meet any of the Guarantees contained in this Letter
Agreement, the Seller will use its reasonable endeavours to correct the
deficiency to comply with the subject guarantee.

    

     

    
      	
              8.1

            	
              Should
      the Seller fail to develop and make available corrective means (including
      but not limited to kits, procedures, adjustment of design weights) for the
      correction of the above said deficiency within one (1) year from delivery
      of the affected Aircraft, then the Seller shall in respect of such
      Aircraft pay to the Buyer by way of liquidated damages subject to Seller's
      maximum liability set forth hereunder on the anniversary date of the
      delivery for as long as the deficiency remains, the following
      amounts:

            

    

     

    ***

     

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    LETTER
AGREEMENT N°5f

      

    * * *

      

    
      	
              9

            	
              ASSIGNMENT

            

    

     

    
      Notwithstanding
any other provision of this Letter Agreement or of the Sales Proposal and/or the
forthcoming 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.

    

     

    
      	
              10

            	
              CONFIDENTIALITY

            

    

     

    
      This
Letter Agreement (and its existence) or any data exchanged between the Buyer and
the Seller for the fulfillment of their respective obligations under this Letter
Agreement shall be treated by both Parties as confidential and shall not be
released in whole or in part to any third party except as may be required by
law, or to auditors, legal or tax advisors for the purpose of implementation
hereof.

    

     

    
      In
particular, both Parties agree:

    

     

    
      	
               
      

            	
              -

            	
              not
      to make any press release concerning the whole or any part of the contents
      and/or subject matter of this Letter Agreement without the prior written
      consent of the other Party hereto.

            

    

     

    
      	
               
      

            	
              -

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

            

    

     

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      LETTER
AGREEMENT N°5f

    

     

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

    

     

    (i)         the
contact details of the Receiving Party,

     

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

     

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

     

    
      Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of
this Letter Agreement to the extent legally permissible in any filing required
to be made by the Buyer with any governmental or regulatory
agency.  The Buyer agrees that prior to any such disclosure or filing,
the Seller and the Buyer shall jointly review and agree on the terms and
conditions of the document to be filed or disclosed.

    

     

    
      The
provisions of this Clause 10 shall survive any termination of this Letter
Agreement for a period of twelve (12) years after the date of Delivery of the
last Aircraft to be delivered under the Purchase Agreement.

    

     

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    LETTER AGREEMENT
N°6

     

    CHINA
EASTERN AIRLINES CORPORATION LTD

    No. 2550
Hongqiao Road,

    Shanghai
200335,

    People's
Republic of China

     

    * *
*

      

    
      
        	 
      	
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    LETTER AGREEMENT
N°6

    
      
         

        * *
*

         

      

    

    
      	
              3

            	
              Confidentiality

            

    

     

    
      This
Letter Agreement (and its existence) or any data exchanged between the Buyer and
the Seller for the fulfilment of their respective obligations under this Letter
Agreement shall be treated by both Parties as confidential and shall not be
released in whole or in part to any third party except as may be required by
law, or to auditors, legal or tax advisors for the purpose of implementation
hereof.

    

     

    
      In
particular, both Parties agree:

    

     

    
      	
               
      

            	
              -

            	
              not
      to make any press release concerning the whole or any part of the contents
      and/or subject matter of this Letter Agreement without the prior written
      consent of the other Party hereto.

            

    

     

    
      	
               
      

            	
              -

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

            

    

     

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

    

     

    
      	
               
      

            	
              (i)

            	
              the
      contact details of the Receiving
Party,

            

    

     

    
      	
               
      

            	
              (ii)

            	
              the
      extent of the Personal Information subject to
  disclosure,

            

    

     

    
      	
               
      

            	
              (iii)

            	
              the
      Aircraft pricing to be provided to the Receiving
  Party.

            

    

     

    
      Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of
this Letter Agreement, the AGTA and/or any Purchase to the extent legally
permissible in any filing required to be made by the Buyer with any governmental
or regulatory agency.  The Buyer agrees that prior to any such
disclosure or filing, the Seller and the Buyer shall jointly review and agree on
the terms and conditions of the document to be filed or
disclosed.

    

     

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

    

     

    
      
        	 
      	
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    LETTER AGREEMENT
N°7

     

    CHINA
EASTERN AIRLINES CORPORATION LIMITED

     

    Hongqiao
International Airport,

    No. 2550
Hongqiao Road,

    Shanghai
200335,

    People's
Republic of China

     

    Subject: Customer Support
Services

     

    CHINA
EASTERN AIRLINES CORPORATION LIMITED (the "Buyer") and Airbus S.A.S. (the
"Seller") have entered into an aircraft general terms agreement dated as of June
15, 2009 (the "AGTA") and an A330 family purchase agreement (the "Agreement")
dated as of even date herewith, which covers the manufacture and the sale by the
Seller and the purchase by the Buyer of the Aircraft.

     

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

     

    Both
parties agree that this Letter Agreement, upon execution thereof, shall
constitute an integral, nonseverable part of said Agreement and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement.

     

    If there
is any inconsistency between the Agreement and this Letter Agreement, the latter
shall prevail to the extent of such inconsistency.

     

    
      
        	 
      	
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    LETTER AGREEMENT
N°7

    

    
      	
              1

            	
              Training

            

    

     

    
      The
Seller shall provide the Buyer the following training allowances as further
detailed in Clause 16 of the AGTA, Appendix A thereto and the
Agreement:

    

     

    
      * *
*

    

     

    
      	
              2

            	
              Lump Sum Warranty
      Credit

            

    

     

    
      * *
*

    

     

    
      
        	
                  

              	
                 

              	
                 

              

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    LETTER AGREEMENT
N°7

     

    
      	
              3

            	
              Warranted Part
      Shipping

            

    

     

    
      * *
*

    

     

    
      	
              4

            	
              Assignment

            

    

     

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

    

     

    
      	
              5

            	
              Confidentiality

            

    

     

    
      This
Letter Agreement (and its existence) or any data exchanged between the Buyer
and the
Seller for the fulfilment of their respective obligations under this Letter
Agreement shall be treated by both Parties as confidential and shall not be
released in whole or in part to any third party except as may be required by
law, or to auditors, legal or tax advisors for the purpose of implementation
hereof.

    

     

    
      In
particular, both Parties agree:

    

     

    
      	
               
      

            	
              -

            	
              not
      to make any press release concerning the whole or any part of the contents
      and/or subject matter of this Letter Agreement without the prior written
      consent of the other Party hereto.

            

    

     

    
      	
               
      

            	
              -

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

            

    

     

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

    

     

    
      	
            	
              (i) 

            	
              the
      contact details of the Receiving
Party,

            

    

     

    
      	
            	
              (ii) 

            	
              the
      extent of the Personal Information subject to
  disclosure,

            

    

     

    
      	
            	
              (iii) 

            	
              the
      Aircraft pricing to be provided to the Receiving
  Party.

            

    

     

    
      Furthermore,
the Buyer shall use its best efforts to limit the disclosure of the contents of
this Letter Agreement to the extent legally permissible in any filing required
to be made by the Buyer with any governmental or regulatory
agency.  The Buyer agrees that prior to any
such disclosure or filing, the Seller and the Buyer shall jointly review and
agree on the
terms and conditions of the document to be filed or disclosed. 

    

     

    
      The
provisions of this Clause 5 shall survive any termination of this Letter
Agreement for a
period of twelve (12) years after the date of Delivery of the last Aircraft to
be delivered under the Purchase Agreement.

    

     

    
      
        	
                  

              	
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Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}]]