Document:

EX-10.2

 Exhibit 10.2 

CONFIDENTIAL TREATMENT REQUESTED – REDACTED COPY 

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

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

been filed separately with the Securities and Exchange Commission. 

Execution version 
 SALE AND
PURCHASE CONTRACT 
 DATED 14TH DECEMBER 2010 

BETWEEN 
 AVIONS DE TRANSPORT
REGIONAL 
 as Seller 
 AND 

CANELA INVESTMENTS LLC 
 as Buyer

 IN RESPECT OF 
 TWENTY
(20) FIRM ATR 72-600 AIRCRAFT 
 PLUS 

TWENTY (20) OPTION ATR 72-600 AIRCRAFT 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 ATR 72-600 SALE AND PURCHASE CONTRACT 

CONTENTS 
  

							
	 	 	 	  	Page	 
			
	1 -	 	 DEFINITIONS AND INTERPRETATION
	  	 	- 5 -	  
			
	2 -	 	 SALE AND PURCHASE
	  	 	- 13 -	  
			
	3 -	 	 SPECIFICATION CHANGES
	  	 	- 15 -	  
			
	4 -	 	 CERTIFICATION & REGULATORY CHANGES
	  	 	- 17 -	  
			
	5 -	 	 AIRCRAFT PRICE
	  	 	- 20 -	  
			
	6 -	 	 TERMS OF PAYMENT
	  	 	- 24 -	  
			
	7 -	 	 [*****]
	  	 	- 28 -	  
			
	8 -	 	 PLANT REPRESENTATIVES – INSPECTION
	  	 	- 29 -	  
			
	9 -	 	 FIRM AIRCRAFT SUPPLY PROGRAM
	  	 	- 31 -	  
			
	10 -	 	 AIRCRAFT ACCEPTANCE PROCEDURE
	  	 	- 33 -	  
			
	11 -	 	 TRANSFER OF TITLE, COLLECTION AND FERRY
	  	 	- 36 -	  
			
	12 -	 	 EXCUSABLE DELAY
	  	 	- 37 -	  
			
	13 -	 	 INEXCUSABLE DELAY
	  	 	- 39 -	  
			
	14 -	 	 INSURANCE AND INDEMNITY
	  	 	- 41 -	  
			
	15 -	 	 BUYER SPECIFIED EQUIPMENT AND INFORMATION
	  	 	- 42 -	  
			
	16 -	 	 CUSTOMER SUPPORT SERVICES, GUARANTEES AND WARRANTIES
	  	 	- 44 -	  
			
	17 -	 	 OPTION AIRCRAFT & ADDITIONAL AIRCRAFT
	  	 	- 46 -	  
			
	18 -	 	 SUPPLY OF INTERIM CAPACITY
	  	 	- 47 -	  
			
	19 -	 	 MISCELLANEOUS
	  	 	- 51 -	  
			
	20 -	 	 TAXES
	  	 	- 52 -	  
			
	21 -	 	 PATENT INDEMNITY
	  	 	- 53 -	  
			
	22 -	 	 TERMINATION
	  	 	- 55 -	  
			
	23 -	 	 TERMINATION PROCEDURE
	  	 	- 57 -	  
			
	24 -	 	 CONFIDENTIAL NATURE OF CONTRACT AND INFORMATION
	  	 	- 58 -	  
			
	25 -	 	 COLLATERAL AGREEMENTS AND REPRESENTATIONS
	  	 	- 59 -	  
			
	26 -	 	 ASSIGNMENT OF CONTRACT
	  	 	- 61 -	  
			
	27 -	 	 APPLICABLE LAW & ARBITRATION
	  	 	- 63 -	  
			
	28 -	 	 NOTICES
	  	 	- 64 -	  
		
	 EXECUTION PAGE
	  	 	65	  

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

							
		
	 APPENDIX A SPECIFICATION
	  	 	66	  
		
	 APPENDIX B [*****]
	  	 	69	  
		
	 APPENDIX C LIST OF DOCUMENTS EXCHANGED AT AIRCRAFT ACCEPTANCE
	  	 	71	  
		
	 APPENDIX D SPARE PARTS PROCUREMENT
	  	 	72	  
		
	 APPENDIX E WARRANTIES
	  	 	85	  
		
	 APPENDIX F TECHNICAL PUBLICATIONS
	  	 	98	  
		
	 APPENDIX G ENGINEERING ASSISTANCE
	  	 	107	  
		
	 APPENDIX H START-UP TEAM
	  	 	110	  
		
	 APPENDIX I FIELD SERVICE
	  	 	115	  
		
	 APPENDIX J TRAINING
	  	 	117	  
		
	 APPENDIX K PAYMENT INSTRUCTIONS
	  	 	125	  
		
	 APPENDIX L PERFORMANCE GUARANTEE
	  	 	126	  
		
	 APPENDIX M DISPATCH RELIABILITY GUARANTEE
	  	 	132	  
		
	 APPENDIX N OPTION AIRCRAFT
	  	 	136	  
		
	 APPENDIX O ADDITIONAL AIRCRAFT
	  	 	138	  
		
	 APPENDIX P USED AIRCRAFT OPERATING LEASE TERMS
	  	 	140	  
		
	 APPENDIX Q [*****]
	  	 	149	  
		
	 APPENDIX R FORM OF AIRCRAFT CERTIFICATE OF ACCEPTANCE
	  	 	168	  
		
	 APPENDIX S FORM OF AIRCRAFT BILL OF SALE
	  	 	169	  

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
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 Execution version 

 

 THIS SALE AND PURCHASE CONTRACT is made this 14th
day of December 2010 (the “Contract”) 
 BETWEEN: 
  

	(1)	AVIONS DE TRANSPORT REGIONAL, a “Groupement d’Interêt Economique” governed by the laws of France, identified under number 323 932 236 RCS Toulouse, the head office of which is located
at 1, Allée Pierre Nadot, 31712 BLAGNAC CEDEX, FRANCE (hereinafter referred to as “Seller”, which expression shall include its successors or permitted assignees unless the context otherwise requires) on the one part;

 AND 
  

	(2)	CANELA INVESTMENTS LLC, a limited liability company organized and existing under the laws of Delaware, with its main address at Corporation Trust Center, 1209 Orange Center, Wilmington, U.S.A (hereinafter
referred to as the “Buyer”). 

 (hereinafter referred to as individually the “Party” and collectively the
“Parties”) 
 WHEREAS: 
  

	(A)	Seller is a “Groupement d’Intérêt Economique” governed by articles 251-1 and following of the French commercial code; 

 

	(B)	The members of Seller are: 

  

	 	(1)	EADS ATR, SA identified under number 393 146 550 RCS Toulouse, the principal office of which is at 1, avenue Didier Daurat, 31703 Blagnac, France; and 

 

	 	(2)	ALENIA AERONAUTICA the principal office of which is at Via dell’Aeronautica snc, Pomigliano d’Arco (NA), Italy. 

  

	 	(C)	Seller wishes to sell and Buyer wishes to purchase on a firm basis twenty (20) ATR 72-600 aircraft and on an optional basis up to twenty (20) ATR 72-600 aircraft. 

NOW, THEREFORE, IT IS AGREED AS FOLLOWS: 

  
 ATR / Canela –
Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
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 Execution version 

 

	1 -	DEFINITIONS AND INTERPRETATION 

  

 
  

	1.1	Definitions 

 In this Contract the following words and phrases have the meanings indicated: 

 

			
	“Aircraft”	  	means one or more, as the context so requires, of the Firm Aircraft and/or Option Aircraft exercised by Buyer and/or Additional Aircraft exercised by Buyer.
		
	“Acceptance Flight Tests”	  	has the meaning assigned to it in Clause 10.3.
		
	“Additional Aircraft”	  	means one or more, as the context so requires of the ten (10) ATR 72-600 aircraft that Buyer has the right to acquire in accordance with the terms of Appendix O (Additional Aircraft) and as more particularly described
in Appendix A (Specification).
		
	“Additional Aircraft Scheduled Delivery Date”	  	means, in respect of each Additional Aircraft, the scheduled delivery date of that Additional Aircraft provided in a notice from Seller to Buyer in accordance with Clause 4 of Appendix O (Additional Aircraft), as it may be
modified pursuant to the terms herein.
		
	“ANAC”	  	means the Agencia Nacional de Aviação Civil (ANAC) of Brazil.
		
	“ATC”	  	means ATR Training Center located at Seller’s headquarters in France.
		
	“ATR 72-200 Specific Spare Parts”	  	has the meaning assigned to it in Clause 18.5.1.
		
	“ATR 72-200 Trade-In Spares”	  	has the meaning assigned to it in Clause 18.5.3.
		
	“ATR 72-212A Type Certificate”	  	means a certificate issued by the DGAC as primary certification authority under N° TC 176 and transferred to EASA under number A.084, that certifies that the ATR72-212A aircraft type complies with the applicable type
certification basis and environmental protection requirements when operated within the conditions and limitations specified on the associated type certificate data sheet (TCDS) N°A.084.
		
	“Authorisation”	  	means an authorization, consent, approval, resolution, licence, exemption, filing, notarization or registration.

  
 ATR / Canela –
Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
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 Execution version 

 

 
			
	“Authorised Representative”	  	means an individual having full power and authority to sign on behalf of Buyer, as demonstrated by its by-laws, power of attorney, or being named as so authorized on a secretary’s or assistant secretary’s certificate list
provided by Buyer, or, an individual having full power and authority to sign on behalf of Seller, as demonstrated by evidence of such authority if requested.
		
	“Balance Payment”	  	has, in respect of each Aircraft, the meaning assigned to it in Clause 6.2.8.
		
	“Base Purchase Price”	  	has, in respect of each Aircraft, the meaning assigned to it in Clause 5.1.
		
	“Bill of Sale”	  	means, in respect of each Aircraft, a document in respect of the Aircraft issued at the time of transfer of title to the Aircraft from Seller to Buyer in accordance with Clause 11 (Transfer of Title, Collection and Ferry) in,
or substantially in, the form set out in Appendix S (Form of Aircraft Bill of Sale).
		
	“Business Days”	  	means days on which banks in New York City, Paris and Sao Paulo are open for transactions of a commercial banking business.
		
	“Buyer Affiliate”	  	means, with respect to Buyer, any affiliate, subsidiary and/or parent company in Brazil or in the United States of America, including but not limited to the Operator.
		
	“Buyer Default”	  	has the meaning assigned to it in Clause 22.2.
		
	“Buyer Installed Equipment” or “BIE”	  	means any equipment, parts, components purchased by Buyer and installed on the aircraft by Buyer on or after Delivery.
		
		  	The following parts are considered BIE: First aid kit, medical kit, bio-hazard kit, jungle kit, wheelchair, emergency instruction cards, Braille emergency instruction cards, passenger fife vests and any other similar equipment that
Buyer must install on the Aircraft to satisfy operational requirements necessary to obtain a certificate of airworthiness issued by ANAC.
		
	“Buyer Furnished Equipment” or “BFE”	  	means the equipment (if any) listed as Buyer Furnished Equipment in Appendix A (Specification).
		
	“Certificate of Acceptance”	  	means, in respect of each Aircraft, a certificate issued at the time of acceptance at Seller’s works in accordance with Clause 10 (Aircraft Acceptance Procedure) in, or substantially in, the form set out in Appendix R
(Form of Aircraft Certificate of Acceptance).

  

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 
			
	“Change”	  	means a change to the Specification or Aircraft required by Buyer’s regulatory authorities, as more fully described in Clause 4.4.
		
	“Commitment Letter”	  	has the meaning assigned to it in Clause 10.8.
		
	“Country of Registration”	  	means, in respect of each Aircraft, the country of registration of such Aircraft.
		
	“Delivery Date”	  	means, in respect of each Aircraft, the actual date on which that Aircraft is delivered to and accepted by Buyer.
		
	“Development Change”	  	means a change to the Specification or Aircraft implemented by Seller, as more fully described in Clause 3.2.
		
	“Dollars”, “US$” or the sign “$”	  	means the lawful currency for the time being of the United States of America.
		
	“DGAC”	  	means the Direction Générale de l’Aviation Civile of the Transport Ministry of France.
		
	“EASA”	  	means the European Aviation Safety Agency of the European Community.
		
	“Euros”, or the sign “€”	  	means the lawful currency for the time being of France.
		
	“Excusable Delay”	  	has the meaning assigned to it in Clause 12.1.
		
	“Export Certificate of Airworthiness”	  	means, in respect of each Aircraft, a certificate of airworthiness for export valid for the transport category (passenger) as issued by the DGAC by delegation and in compliance with EASA regulations.
		
	“Fifth Pre-Delivery Payment”	  	means, in respect of each Aircraft, the payment to be made by Buyer to Seller in accordance with Clause 6.2.5 for an amount equal to [*****] of the Base Purchase Price of that Aircraft.
		
	“Firm Aircraft”	  	means one or more, as the context so requires, of the twenty (20) ATR 72-600 aircraft to be firmly acquired hereunder and as more particularly described in the Specification in Appendix A (Specification).
		
	“Firm Aircraft L/C”	  	has the meaning assigned to it in Clause 6.2.1.2
		
	“First Pre-Delivery Payment”	  	means, in respect of each Aircraft, the payment to be made by Buyer to Seller in accordance with Clause 6.2.1 for an amount equal to [*****] of the Base Purchase Price of that Aircraft.

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

			
	“Firm Aircraft Scheduled Delivery Date”	  	means, in respect of each Firm Aircraft, the scheduled delivery date of that Firm Aircraft as specified in Clause 9.1 and as it may be modified pursuant to the terms herein.
		
	“Fourth Pre-Delivery Payment”	  	means, in respect of each Aircraft, the payment to be made by Buyer to Seller in accordance with Clause 6.2.4 for an amount equal to [*****] of the Base Purchase Price of that Aircraft.
		
	“Inexcusable Delay”	  	has the meaning assigned to it in Clause 13.1.
		
	“Inspection and Acceptance Manual”	  	has the meaning assigned to it in Clause 10.1.
		
	“Interface Problem”	  	has the meaning given to it in Clause 3.1 of Appendix E (Warranties).
		
	“IP Conference”	  	has the meaning given to it in Clause 2.3 of Appendix D (Spare Parts Procurement).
		
	“IP Data”	  	has the meaning given to it in Clause 2.2 of Appendix D (Spare Parts Procurement).
		
	“IP Purchase Orders”	  	has the meaning given to it in Clause 2.1 of Appendix D (Spare Parts Procurement).
		
	“IP Spares”	  	has the meaning given to it in Clause 2.1 of Appendix D (Spare Parts Procurement).
		
	“Manuals”	  	has the meaning assigned to it in Clause 16.2.
		
	“Manufacturer”	  	means Avions de Transport Regional (or ATR).
		
	“Members”	  	means the members of ATR, currently EADS ATR and ALENIA AERONAUTICA.
		
	“Option Aircraft”	  	means one or more, as the context so requires of the ten (10) ATR 72-600 aircraft that Buyer has the option to acquire in accordance with the terms of Appendix N (Option Aircraft) and as more particularly described in
Appendix A (Specification).
		
	“Option Aircraft Scheduled Delivery Date”	  	means, in respect of each Option Aircraft, the scheduled delivery date of that Option Aircraft as specified in Clause 4 of Appendix N (Option Aircraft) and as it may be modified pursuant to the terms herein.
		
	“Operator”	  	means the operator of the Aircraft, being AZUL LINHAS AÉREAS BRASILEIRAS S/A a company incorporated under the laws of Brazil, the registered office of which is located at Alameda Surubiju, 2010 – Alphaville Industrial,
Barueri, Sao Paulo, BRAZIL.

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

			
	“Option Notification Date”	  	has, in respect of each Option Aircraft, the meaning assigned to it in Clause 2.1 of Appendix N (Option Aircraft).
		
	“Purchase Price”	  	has, in respect of each Aircraft, the meaning assigned to it in Clause 5.2.
		
	“Pre-Delivery Payment”	  	means, as the context so requires, any or all of the First Pre-Delivery Payment, Second Pre-Delivery Payment, Third Pre-Delivery Payment, Fourth Pre-Delivery Payment and Fifth Pre-Delivery Payment to be paid by Buyer to Seller in
respect of the Aircraft.
		
	“Purchase Right Exercise Notice”	  	has, in respect of each Additional Aircraft, the meaning assigned to it in Clause 2.1 of Appendix O (Additional Aircraft).
		
	“Regulatory Change”	  	has the meaning assigned to it in Clause 4.3.
		
	“Scheduled Delivery Date”	  	means, as the context so requires, the Firm Aircraft Scheduled Delivery Date and/or the Option Aircraft Scheduled Delivery Date and/or the Additional Aircraft Scheduled Delivery Date.
		
	“Scheduled Inspection Date”	  	means, with respect to each Aircraft, the day being [*****] Business Days prior to the Scheduled Delivery Date of any such Aircraft.
		
	“Second Pre-Delivery Payment”	  	means, in respect of each Firm Aircraft, the payment to be made by Buyer to Seller in accordance with Clause 6.2.2 for an amount equal to [*****] of the Aircraft Purchase Price of that Aircraft.
		
	“Seller Default”	  	has the meaning assigned to it in Clause 22.3.
		
	“Seller Part”	  	means, in respect of each Aircraft, each part and component of that Aircraft airframe that is designed and / or manufactured by Seller, that bears Seller’s “S” part number, and, for the purpose of Appendix E
(Warranties).
		
	“Seller’s Account”	  	means the bank account detailed in Appendix K (Payment Instructions), or such other account as Seller may notify in writing from time to time to Buyer in accordance with the terms of such Appendix.
		
	“Seller’s Warranties”	  	means, in respect of each Aircraft, the warranties granted by Seller under Clause 1 of Appendix E (Warranties).
		
	“Seller’s Warranty Period”	  	means, in respect of each Aircraft, the duration of Seller’s Warranties and has more specifically the meaning given to it in Clause 1.4 of Appendix E (Warranties).

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 9 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

			
	“Spare Parts Catalogue”	  	has the meaning given to it in Clause 6.1 of Appendix D (Spare Parts Procurement).
		
	“Specification”	  	means the Technical Specification, as amended to incorporate the agreed changes set forth in Appendix A (Specification) and any subsequent Development Change or SCN in accordance with the terms of this Contract.
		
	“Specification Change Notice” or “SCN”	  	means a written change to the Specification, as more fully described in Clause 3.1.
		
	“Start-up Conversion Credit Memorandum”	  	has the meaning given to it in Clause 5.2 of Appendix H (Start-Up Team)
		
	“Support Period”	  	has the meaning given to it in Clause 1.2 of Appendix D (Spare Parts Procurement).
		
	“Taxes”	  	means any present or future tax, VAT, levy, impost, duty, fees, assessment, withholding taxes or other charge of whatever nature and however arising in any country (including without limitation any penalty or interest payable in
connection with any failure to pay or any delay in paying any of the same).
		
	“Technical Acceptance Documents”	  	means the documents listed in Appendix C (List of Documents Exchanged At Aircraft Acceptance) to be remitted by Seller to Buyer on or prior to the signature of the Certificate of Acceptance by Buyer.
		
	“Technical Publications”	  	has the meaning given to it in Clause 1.1 of Appendix F (Technical Publications).
		
	“Technical Specification”	  	means the ATR 72-600 technical specification defined in reference document DO/T 3864/07 dated May 2008 or its latest update, which defines an aircraft powered by two Pratt & Whitney PW127M engines with Hamilton Standard 568F six
bladed propellers.
		
	“Third Pre-Delivery Payment”	  	means, in respect of each Aircraft, the payment to be made by Buyer to Seller in accordance with Clause 6.2.3 for an amount equal to [*****] of the Base Purchase Price of that Aircraft.
		
	“Training Conference”	  	has the meaning given to it in Clause 1.4 of Appendix J (Training).
		
	“Training Conversion Credit Memorandum”	  	has the meaning given to it in Clause 5.2 of Appendix J (Training).

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 10 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

			
	“Used Aircraft”	  	means one or more, as the context so requires, of the interim aircraft to be supplied by Seller to Buyer as detailed in Clause 18.1.
		
	“Used Aircraft [*****]”	  	means, in respect of each Aircraft, the payment to be made by Buyer to Seller in accordance with Appendix P (Used Aircraft Operating Lease Terms) for an amount [*****] per Used Aircraft.
		
	“Vendor”	  	means, collectively or individually, as the context may allow or require, the engine manufacturer, the propeller manufacturer, the landing gear manufacturer and all other manufacturers of parts other than Seller Parts.
		
	“Vendor Part”	  	means each part, component or accessory (including the engines, the propellers and the landing gears) that is designed and / or manufactured by a Vendor, selected by Seller for installation in the Aircraft, and that bears the
Vendor’s part number.
		
	“Vendor Warranties”	  	has, in respect of each Aircraft, the meaning given to it in Clause 2.1 of Appendix E (Warranties).
		
	“Vendor Warranty Manual”	  	means the manual compiling details of the warranties granted by the Vendors to all ATR aircraft operators including Buyer.
		
	“Vendor Warranty Period”	  	has, in respect of each Aircraft, the meaning given to it in Clause 2.1 of Appendix E (Warranties).
		
	“Warranty Claim”	  	 means a claim made by Buyer under Clause 1 of Appendix E (Warranties) and which shall be in Seller’s form or, if Buyer so
prefers, in its own form, provided such form contains at least the following data:
  

(a)    Description of defect and action taken, if any.

 
 (b)    Date of incident
and/or of removal date.
  

(c)    Description of the defective part.

 
 (d)    Part Number (P/N).

 
 (e)    Serial Number
(S/N).
  

(f)     Position on Aircraft, according to the Catalogue Sequence Number (CSN) of the
Illustrated Parts Catalogue (IPC).
  

(g)    Total flight hours or calendar time as applicable.

 
 (h)    Time since last
overhaul (TSO).

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
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 Execution version 

 

			
		
		  	 (i)     Aircraft registration number.

 
 (j)     Aircraft total
Flight Hours and/or number of landings.
  

(k)    Location to which warranty item should be returned.

 
 (l)     Claim
number.
  
 (m)   Date of
claim.
  
 (n)    Delivery
date of Item to Buyer

  

	1.2	Interpretation 

 In the interpretation of this Contract, unless the context otherwise requires:

  

	 	(a)	References to Clauses or Appendices are to Clauses or Appendices of this Contract. 

  

	 	(b)	Headings are inserted for convenience only and shall not affect the construction of this Contract or the Appendices. 

  

	 	(c)	Unless the context otherwise requires, words importing the singular number include the plural number and vice versa. 

  

	 	(d)	Unless the context otherwise requires, words importing the masculine gender shall include the feminine and neuter gender and vice versa. 

 

	 	(e)	References to other documents include those documents as may be amended from time to time. 

  

	 	(f)	Appendices hereto and any documents therein referred to shall be taken, read and construed as an essential and integral part of this Contract. 

 

	 	(g)	References to acts, statutes and law includes laws, legislation, statutes amending, consolidating and replacing the statutes referred to and all regulations, rules, by-laws made under those acts, statutes or law.

  

	 	(h)	Reference to a Party to this Contract includes a reference to its successors and permitted assigns. 

  
 ATR / Canela –
Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

	2 -	SALE AND PURCHASE 

  
  

 

	2.1	Subject to the terms and conditions set forth in this Contract, Seller agrees to sell and deliver and Buyer agrees to purchase and take delivery of twenty (20) Firm Aircraft upon the terms and conditions contained
in this Contract. 

 In addition, subject to the terms and conditions set forth in this Contract, Buyer may acquire the Option
Aircraft and the Additional Aircraft from Buyer. 
 The sale and purchase of spare parts is dealt with in Appendix D (Spare Parts
Procurement) attached hereto. 
  

	2.2	Each Aircraft shall: 

  

	 	2.2.1	Be constructed to the standard defined in the Specification in accordance with and under the relevant DGAC Part 21 approval in compliance with EASA regulations; 

 

	 	2.2.2	Be inspected, tested and found conform to the ATR 72-212A Type Certificate (as evidenced by the issuance of an Export Certificate of Airworthiness); 

 

	 	2.2.3	Be inspected, tested and found conform to the Brazilian type certificate N° EA-9312 (as evidenced by the relevant Export Certificate of Airworthiness or, as applicable, the relevant EASA Form 52 (Aircraft
Statement of Conformity) issued for any such Aircraft); 

  

	 	2.2.4	Be offered for acceptance with an Export Certificate of Airworthiness together with all relevant documentation to be supplied under this Contract and in a condition: 

 

	 	(i)	Allowing its inclusion on the aeronautic register of the Brazilian ANAC (the “Registro Aeronáutico Brasileiro”) and qualifying for the issuance of a certificate of airworthiness issued by ANAC,
subject always to Buyer installing the BIE in order for such certificate of airworthiness to be issued; 

  

	 	(ii)	Complying with the performance requirements set forth in each category of Appendix L (Performance Guarantee), subject to the provisions of said Appendix L, including but not limited to Clause 1 thereof.

  

	 	2.2.5	Meet the following conditions at Delivery: 

  

	 	(i)	Have all installed parts that are newly manufactured; 

  

	 	(ii)	Have no calendar life limit parts with [*****] of its life limit available at delivery on structure and main elements; 

  

	 	(iii)	Have no calendar or time limited cabin safety equipment (such as oxygen bottles, life vests, extinguisher) and engine extinguishers with more than [*****] months variation on remaining life on Delivery between any same
part number installed on the Aircraft; 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
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 Execution version 

 

	 	(iv)	Have components with same or higher modification status than the previous delivered Aircraft, unless: 

  

	 	•	 	There is a delay in the delivery of each such Aircraft by reason of Excusable Delay or Inexcusable Delay which causes the delivery of each such Aircraft to occur after the delivery of another Aircraft originally
scheduled to be delivered after each such Aircraft; or 

  

	 	•	 	The Specification of each such Aircraft is different from the previous Aircraft pursuant to the implementation of (i) an SCN in accordance with Clause 3.1 hereof or (ii) a Regulatory Change or (iii) a
Change and such Specification change has the effect for each such Aircraft to have a lower modification status than the previous delivered Aircraft; 

  

	 	(v)	Have all mandatory modifications embodied with no repetitive inspections or terminating actions to be performed after Delivery, unless the relevant terminating action to cure any repetitive inspection is not available
at the time of Delivery. 

  

	 	2.2.6	At the time of transfer of title to Buyer, be free and clear of any lien, mortgage, charge, deed of trust, encumbrance, pledge, hypothecation, judicial attachment or seizure, license, assignment by way of security or
security interest howsoever created or arising. 

  

	2.3	A copy of the Technical Specification has been signed for the purpose of identification by or on behalf of the parties. 

  

	2.4	In case of contradiction and/or inconsistency between the Technical Specification and any other part of this Contract, this Contract shall prevail. 

  
 ATR / Canela –
Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
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 Execution version 

 

	3 -	SPECIFICATION CHANGES 

  
  

 

	3.1	Specification Changes Notices 

  

	 	3.1.1	Changes to the Specification shall be made only by a Specification Change Notice (“SCN”), which shall be delivered by Seller to Buyer and which shall set forth in sufficient details: 

 

	 	(i)	The particular changes to be made therein; 

  

	 	(ii)	The effect, if any, of such changes on design, performance, weight, balance, authorised payload, zero fuel weight, interchangeability, date of delivery; and 

 

	 	(iii)	The cost to Buyer (if any) of such SCN quoted in economic conditions reflecting a theoretical delivery on the date of signature of such SCN. 

The SCN shall be binding upon each party when approved and signed by their Authorised Representatives. 

 

	 	3.1.2	Payment for and in respect of any change detailed in any effective SCN shall be effected as follows: 

  

	 	(a)	Upon signature of a SCN by both Buyer and Seller, Buyer shall pay to Seller such proportion of the cost of performing the change detailed in such SCN equal to the proportion of the Base Purchase Price of the Aircraft as
has been paid up to and including the date on which such SCN is last signed, and 

  

	 	(b)	The balance of the modification price shall be paid according to the same terms and conditions as stated in Clause 6 (Terms of Payment) hereafter and the Base Purchase Price shall be deemed increased by the
amount of the modification price. 

  

	 	3.1.3	Buyer may request a change to the Specification by notice in writing to Seller. If Buyer’s requested change requires preliminary studies, mock-ups and similar work, Seller shall, as promptly as practicable, provide
Buyer with a firm quotation of the cost of such studies, mock-ups and similar work. After approval by Buyer of such firm quotation, Seller shall perform the preliminary studies, mock ups and similar work at Buyer’s expense, whether the latter
subsequently agrees or not to the change. 

 In the event Buyer does not agree to implement the initially requested change,
the expenses specified in the firm quotation for the preliminary work, mock-ups and / or similar work approved by Buyer shall be paid by Buyer to Seller upon submission of Seller’s invoice. In the event Buyer agrees to the change and thereby
executes an SCN, the expenses specified in the firm quotation for the preliminary work, mock-ups and / or similar work approved by Buyer shall be added to the cost of the Buyer requested SCN. 

  
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 Should a change to the Specification involve a subsequent equipment substitution giving rise
to an increase in the cost or to termination charges for Seller, such increase or charges shall be borne [*****] 
  

	3.2	Development Changes 

  

	 	3.2.1	The Technical Specification may also be revised without Buyer’s consent to incorporate development changes (the “Development Changes”) if such Development Changes do not have a material adverse effect on
price, delivery, guaranteed performance hereunder (or any other guaranteed element hereunder), weight or balance, structural integrity, operational safety, ease of maintenance of the Aircraft or parts interchangeability or replaceability
requirements. 

 Development Changes are changes deemed necessary by Seller to correct defects, improve the Aircraft, prevent
delay or ensure compliance with this Contract. 
  

	 	3.2.2	Seller shall promptly but no later than [*****] before the Scheduled Inspection Date of any Aircraft (or immediately if such Development Change is embodied on any Aircraft less than [*****] before its Scheduled
Inspection Date), notify Buyer in writing of all Development Changes made pursuant to this Clause 3.2 and affecting any such Aircraft, and provide, in reasonable detail, details of the effect changes on design, design weights, authorised payload,
performance and parts interchangeability requirements. Seller shall also supply to Buyer the modified pages of the Technical Specification if any. 

  

	 	3.2.3	For the avoidance of doubt, any cost arisen from or in connection with any Development Changes shall be borne [*****]. 

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

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	4 -	CERTIFICATION & REGULATORY CHANGES 

  

 
  

	4.1	Seller represents that, at the date of execution of this Contract and on each subsequent successive Delivery Date: 

  

	 	(i)	It has obtained the ATR 72-212A Type Certificate for the ATR 72-212A variant commercially known as ATR 72-500 and its validation in particular by the “Registro Aeronautico Italiano” (R.A.I.) of Italy, and the
“Federal Aviation Administration” (F.A.A.) of the United States of America; 

 The representations made in this
Clause 4.1 are made by Seller on the date of execution of this Contract and on each subsequent Delivery Date. 
  

	4.2	Seller also represents that, on each Delivery Date: 

  

	 	(i)	It will have obtained, at its own cost and expense, the certification by the EASA and by ANAC (through their inclusion in the relevant type certificate data sheet) for any and all non-optional changes between the ATR
72-212A variant commercially known as ATR 72-600 and the ATR 72-212A variant commercially known as ATR 72-500 (such ATR 72-212A variant commercially known as ATR 72-500 being already certified by EASA and ANAC); 

 

	 	(ii)	All the options and SCNs listed in Appendix “A” (Specification) will be certified by EASA and by ANAC; 

  

	 	(iii)	Any Development Change made by Seller or SCNs issued after execution hereof in accordance withy the provisions of this Clause 4 and embodied on the Aircraft will be certified by EASA and by ANAC; and 

 

	 	(iv)	It will obtain for each Aircraft an Export Certificate of Airworthiness in accordance with Clause 2.2.4 hereof. 

The representations made in this Clause 4.2 shall be made by Seller on each Delivery Date. 

 

	4.3	Buyer acknowledges and agrees that in the event any requirement, regulation or mandate of the DGAC and / or EASA or any interpretation thereof becomes effective between the date of this Contract and the Delivery Date of
any Aircraft which has the effect of requiring any changes or modifications to the Specification or to any work carried out or to be carried out in the manufacture of any such Aircraft or the spares or to the testing or to the certification or to
the approvals required with respect thereto (the “Regulatory Change”), Seller shall, without any obligation or requirement to secure the permission or consent of Buyer, make such changes or modifications to the Specification, the Aircraft,
the spares, or carry out such testing, and: 

  

	 	4.3.1	Seller shall provide Buyer with written notice of each such Regulatory Change and Buyer and Seller shall execute a SCN stating the change or modifications to the Aircraft or the spares or the testing required and the
proposed adjustment to the Aircraft price, if any, necessitated by such change, modification or testing, which SCN shall be binding on both Parties. 

  
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	 	4.3.2	In the case of a Regulatory Change applicable to the Aircraft and not applicable to any aircraft other than the ATR aircraft in the [*****] passenger transport turboprop aircraft category certified under EASA
regulations, the costs of all changes, modifications and testing required by such Regulatory Change shall be [*****] 

  

	 	4.3.3	In the case of a Regulatory Change applicable to Aircraft and to other aircraft in the [*****] passenger transport turboprop aircraft category certified under EASA regulations, the costs of all changes, modifications
and testing required by such Regulatory Change shall be [*****] 

  

	 	4.3.4	Seller shall provide Buyer with written notice of each such Regulatory Change and Buyer and Seller shall execute a SCN stating the change or modifications to the Aircraft or the spares or the testing required by such
change, modification or testing, which SCN shall be binding on both parties. 

 Seller represents that as of the date hereof
it is not aware of any proposed or confirmed amendment and / or modification of any requirement, regulation or mandate of the DGAC and / or EASA or any interpretation thereof or Notice of Proposed Amendment (or equivalent document issued by DGAC and
/ or EASA) that would, if adopted, constitute or give rise to or require a Regulatory Change for the Aircraft. 
  

	 	4.3.5	Prior to the delivery of any Aircraft, Seller shall be entitled to fly any such Aircraft and to use any part thereof for such period or periods as shall be necessary in connection with DGAC and / or EASA requirements
related to the Aircraft and Seller shall be under no liability to Buyer in respect of any use or depreciation of any such Aircraft occasioned thereby, so as long as such use or depreciations are not caused by the gross negligence or wilful
misconduct of Seller. 

 For the avoidance of doubt, Seller shall, without any obligation or requirement to secure the
permission or consent of Buyer, make all changes, modifications and testing required pursuant to any requirement, regulation or mandate of the DGAC and / or EASA or any interpretation thereof being issued or becoming effective on or prior to the
date of this Contract and [*****] 
  

	4.4	In the event any modification related to the Specification of any Aircraft or any change, addition or modification to any Aircraft (the “Changes”) is required either: 

 

	 	(i)	By ANAC for the validation of the DGAC Type Certificate, or 

  

	 	(ii)	By ANAC or any other authority of the Operator in order to satisfy operational regulations or laws of the country or the countries concerned, subsequent to the date of this Contract and enforceable prior to the delivery
of any such Aircraft; or 

  

	 	(iii)	 Pursuant to any regulation, or interpretation thereof, promulgated in Brazil subsequent to the date of this Contract and enforceable prior to the
delivery of any such Aircraft, 

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

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 Execution version 

 

	 	
and provided Buyer has notified Seller of the necessity of these Changes with reasonable advance notice to enable their embodiment to any such Aircraft prior to delivery, then the parties will
sign an SCN, setting forth in detail the Changes to be made, and their effects, if any, on guaranteed performance or other characteristics of any such Aircraft, price of any such Aircraft, if any, and time of delivery and the cost thereof shall be
[*****] 

  

	4.5	Seller shall not be bound to make any modification to the Aircraft consequent on any requirements of the DGAC being issued or becoming effective after the date hereof except insofar as it may be required to do so under
the provisions of this Clause 4. 

  

	4.6	Any postponement of the Scheduled Delivery Date due to modifications made pursuant to this Clause 4 shall be deemed Excusable Delay within the meaning of Clause 12 (Excusable Delay). 

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

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	5 -	AIRCRAFT PRICE 

  
  

 

	5.1	The base purchase price for each Aircraft (the “Base Purchase Price”) manufactured according to the Specification is [*****] 

This Base Purchase Price is established for a theoretical delivery date in [*****] 

 

	5.2	The Base Purchase Price for each Aircraft shall be adjusted to determine the purchase price for each Aircraft (the “Purchase Price”), as follows: 

 

	 	5.2.1	[*****] set out in Clause 5.3 hereto; and 

  

	 	5.2.2	To include the price of any and all SCNs executed after signature of this Contract in accordance with the provisions of Clause 3 (Specification Changes) and Clause 4 (Certification & Regulatory
Changes) hereof, which price shall be adjusted, if applicable, at the time of delivery in accordance with Seller’s standard SCN price adjustment formula set out in Clause 5.4 hereof; and 

 

	 	5.2.3	To include any other amounts forming part of Purchase Price in accordance with provisions of this Contract. 

  

	5.3	[*****] 

  
 [*****] Confidential material
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	5.4	The price of any SCN shall be varied in respect of changes in economic conditions from a theoretical delivery at the date of signature of any such SCN up to and including and the Delivery Date of the Aircraft where such
SCN is implemented, which variation shall be calculated in accordance with the following formula: 

  

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	 	  	[*****] 

  
 [*****] Confidential material
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	5.5	If the basis upon which the indices referred to in Clause 5.3 and 5.4 above have been calculated are amended or if the said indices are revised or withdrawn from publication the parties hereto shall agree a revised
formula which shall have substantially the same effect as that specified herein. 

 In case the parties cannot reach an
agreement for a revised formula, a mutually agreed, single independent arbitrator shall calculate a revised formula, which, insofar as possible and in the opinion of the arbitrator, would lead in application to the same adjustment result. The
decision of such arbitrator shall be final and binding upon the parties. 
  

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	6 -	TERMS OF PAYMENT 

  
  

 

	6.1	In accordance with the Heads of Agreement dated July 16th 2010 entered into by and between Seller and Buyer, Buyer has paid to Seller a [*****] in the amount of
[*****] in respect of each of the Firm Aircraft [*****] to and including [*****], which amount shall be credited against the First Pre-Delivery Payment for such Aircraft due pursuant to Clause 6.2.1. 

 

	6.2	Payment of the balance of the Purchase Price for each Aircraft shall be made according to the following schedule: 

  

	 	6.2.1	First Pre-Delivery Payment 

  

	 	6.2.1.1	[*****] from execution of this Contract, Buyer shall, in respect of each Aircraft, pay to Seller the First Pre-Delivery Payment to Seller’s Account. 

 

	 	6.2.1.2	Alternatively, and with respect to each Firm Aircraft only (that is for the avoidance of doubt with respect to the Aircraft [*****] only), Buyer may elect to pay the First Pre-Delivery Payment according to the following
scheme: 

  

	 	•	 	[*****] of the Base Purchase Price of each such Firm Aircraft) [*****] from execution of this Contract; and 

  

	 	•	 	[*****] of the Base Purchase Price of each such Firm Aircraft) [*****] from execution of this Contract, 

  

	 	(i)	[*****] 

  

	 	(ii)	[*****] 

 [*****] 

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

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	 	6.2.1.3	For the avoidance of doubt, any payment made by Buyer to Seller for any Firm Aircraft pursuant to Clause 6.1 above shall be credited towards the First Pre-Delivery Payment of any such Firm Aircraft. 

 

	 	6.2.2	Second Pre-Delivery Payment 

 [*****] prior to the Scheduled Delivery Date of each Aircraft,
Buyer shall, in respect of such Aircraft, pay to Seller the Second Pre-Delivery Payment to Seller’s Account. 
  

	 	6.2.3	Third Pre-Delivery Payment 

 [*****] prior to the Delivery Date of each Aircraft, Buyer shall,
in respect of such Aircraft, pay to Seller the Third Pre-Delivery Payment to Seller’s Account. 
  

	 	6.2.4	Fourth Pre-Delivery Payment 

 [*****] prior to the Scheduled Delivery Date of each Aircraft,
Buyer shall, in respect of such Aircraft, pay to Seller the Fourth Pre-Delivery Payment to Seller’s Account. 
  

	 	6.2.5	Fifth Pre-Delivery Payment 

 [*****] prior to the Scheduled Delivery Date of each Aircraft,
Buyer shall, in respect of such Aircraft, pay to Seller the Fifth Pre-Delivery Payment to Seller’s Account. 
  

	 	6.2.6	Upon payment by the Operator of the First Deposit (as further defined in Appendix P (Used Aircraft Operating Lease Terms) hereof) for any Used Aircraft, Seller shall credit the Used Aircraft [*****] relating to
any such Used Aircraft towards payment of the next due Pre-Delivery Payment relating to the first Firm Aircraft. 

 In the
event that the First Deposit for any Used Aircraft has been paid prior to execution of this Contract, Seller shall credit the Used Aircraft [*****] relating to any such Used Aircraft towards payment of the First Pre-Delivery Payment relating to the
first Firm Aircraft. 
  

	 	6.2.7	Should the due date for payment of any Second Pre-Delivery Payment and/or Third Pre-Delivery Payment and/or Fourth Pre-Delivery Payment and/or Fifth Pre-Delivery Payment be on a date prior to the execution of this
Contract, then such Second Pre-Delivery Payment and/or Third Pre-Delivery Payment and/or Fourth Pre-Delivery Payment and/or Fifth Pre-Delivery Payment shall, as appropriate, become due within [*****] from execution of this Contract.

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

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	 	6.2.8	The remaining balance of the Purchase Price for each Aircraft (the “Balance Payment”) shall be payable upon [*****] for such Aircraft as provided for in Clause 10 (Aircraft Acceptance Procedure). Seller
shall furnish to Buyer no later than [*****] prior to the Scheduled Delivery Date of such Aircraft a proforma invoice setting forth the estimated Purchase Price for such Aircraft. 

 

	 	6.2.9	For the sake of clarity, any postponement in the Scheduled Delivery Date of the Aircraft pursuant to the provisions of this Contract, including in particular but without limitation, Clauses 3 (Specification
Changes), 4 (Certification & Regulatory Changes), 10 (Aircraft Acceptance Procedure), 12 (Excusable Delay), 13 (Inexcusable Delay), 15 (Buyer Specified Equipment and Information), and 22
(Termination) hereof, will, unless such delay results from a default by Buyer, postpone accordingly the payment by Buyer to Seller of any advance payment due by Buyer to Seller pursuant to Clause 6.2.2, 6.2.3, 6.2.4 and 6.2.5 hereof.

  

	6.3	All payments due under this Contract shall be made in accordance with the provisions of Appendix K (Payment Instructions) hereto. 

 

	6.4	All payments and charges to be made by Buyer under this Contract shall be made on the due date in immediately available funds by swift transfer or, in case no due date is stipulated, within [*****] after invoice date.
Buyer shall cause payments to be remitted so that Seller receives credit for the full amount of such payment on the due date. 

  

	6.5	All payments due to Seller hereunder shall be made in full, without set-off, counterclaim, recoupment, deduction or withholding of any kind. Consequently, Buyer shall procure that the sums received by Seller under this
Contract shall be equal to the full amounts expressed to be due to Seller hereunder, without deduction or withholding on account of and free from any and all taxes (including any tax required to be deducted or paid under the laws of Buyer’s
jurisdiction in respect of the amount paid Buyer to Seller), levies, imposts, dues or charges of whatever nature. 

  

	6.6	If Buyer is compelled by law to make any such deduction or withholding, Buyer shall pay such additional amounts as may be necessary in order that the net after-tax amount received by Seller after such deduction or
withholding shall equal the amounts which would have been received in the absence of such deduction or withholding and pay to the relevant taxation or other authorities within the period for payment permitted by applicable law, the full amount of
the deduction or withholding. 

  

	6.7	In case of a late payment of any amount of money due by Buyer under this Contract and without prejudice to any other of Seller’s rights or remedies, Buyer shall pay interest at a default per annum rate equal to
[*****] which interest rate shall apply to any amount outstanding after the relevant payment date and until the actual date of receipt of the payment by Seller, such interest being calculated on a daily basis. In addition, Buyer shall reimburse all
costs and expenses (including legal costs) incurred by Seller in the collection of any overdue amount. 

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

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	6.8	The acceptance of any payment by Seller after it is due shall not be deemed to be a waiver of any breach by Buyer of its obligations under this Contract. 

 

	6.9	For the sake of clarity, Buyer acknowledges and agrees that Pre-Delivery Payments are installment payments of the Purchase Price of the Aircraft and are not deposits, cash collateral or other collateral security for
Buyer’s obligations under this Contract. Once paid, all Pre-Delivery Payments are the property of Seller and may be commingled by it with its and its affiliates’ other funds, with no interest payable with respect thereto.

  

	6.10	Buyer shall not, by virtue of anything contained in this Contract (including, without limitation, any Pre-Delivery Payments hereunder, or any designation or identification by Seller of particular aircraft as an Aircraft
to which any of the provisions of this Contract refer), acquire any proprietary or any insurable interests in any Aircraft prior to delivery of and payment for such Aircraft as provided in this Contract. 

 

	6.11	In addition to any other rights and remedies available to Seller hereunder, Seller shall not be obligated to tender delivery of any Aircraft to Buyer, and shall have no further liability to Buyer with respect thereto,
if and so long as Buyer fails to make any Pre-Delivery Payment pursuant to the foregoing provisions of this Clause 6 for any Aircraft at the time and in the amount specified in this Contract and such failure shall continue unremedied for [*****] or
more from receipt by Buyer of a written demand from Seller requesting such payment. 

  

	6.12	Nothing in this Clause 6 shall require Buyer to account to Seller for taxes on income or profits assessed on Seller by the relevant tax authorities. 

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

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	7 -	[*****] 

  
  

[*****] 

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

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	8 -	PLANT REPRESENTATIVES - INSPECTION 

  

 
  

	8.1	The Aircraft will be manufactured in accordance with the regulations applicable in the country of Seller, subject however to the provisions of Clause 2.2.1. The Aircraft will be inspected exclusively under Seller’s
inspection systems, as approved by the DGAC in compliance with EASA regulations. 

  

	8.2	Buyer shall have the right to, at all reasonable times, appoint one or more duly authorised resident inspector(s) at Seller’s plant who can inspect the manufacturing process and the work in progress and who will
have access to such relevant technical data as is reasonably necessary to carry out said inspection. 

 Seller shall authorise
or procure for said resident inspector(s) to visit Seller’s facilities and, if possible, those of its suppliers and subcontractors at all reasonable times during normal business hours. Such inspection shall be performed in such manner as not to
delay or hinder the construction or manufacture of the Aircraft or the performance of this Contract by Seller or any other work in progress in the respective facilities. 

The actual detailed inspection of the Aircraft shall only take place in the presence of the inspection personnel of Seller, according to a
procedure to be agreed upon with Buyer in the Inspection and Acceptance Manual, under which Buyer shall have all reasonable access to the Aircraft at any time during the final assembly process and written production data relating to the Aircraft as
he may reasonably require. 
 In particular, Seller shall, no later than [*****] prior to the Scheduled Inspection Date of any Aircraft, make
available to Buyer a report detailing the configuration and modification status of any such Aircraft. This report shall include a list of all major assemblies with associated part numbers and serial numbers, current equipment list with associated
part numbers, serial numbers and modification status, current modification list and any other available Aircraft configuration status. 
  

	8.3	Buyer’s representatives shall address any of their observations, comments, doubts, or requests to Seller’s inspection personnel. Seller will take all required actions to satisfactorily address all Buyer’s
justified requests and observations, being understood that Seller shall never be liable to take any action other than provided for under this Contract. 

  

	8.4	If access to any part of said facilities where construction is in progress is restricted for security reasons, Seller shall be allowed a reasonable time to make the items available for inspection, elsewhere if possible.

  

	8.5	Buyer shall bear all expenses in connection with transport, subsistence, insurance and salary of such resident inspector(s). Seller shall furnish, at no cost to Buyer, suitable office space, office furniture and office
facilities (telephone, telefax, copying machine, printer and the like) in order to enable Buyer’s representatives to fulfil their task properly. 

  

	8.6	BUYER SHALL INDEMNIFY AND HOLD HARMLESS SELLER, EACH MEMBER, EACH OF THEIR AFFILIATES AND SELLER’S EMPLOYEES, DIRECTORS, AGENTS AND OFFICERS (THE “SELLER PARTIES”) AGAINST ALL 

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

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 Execution version 

 

 LIABILITIES, PENALTIES, DAMAGES, LOSSES AND JUDGMENTS, COSTS, ATTORNEYS’ FEES AND OTHER
EXPENSES (INCLUDING ATTORNEYS FEES INCURRED TO ENFORCE THIS INDEMNITY) (A) RELATING TO OR ARISING OUT OF ANY SUCH INSPECTION OR THE ACTS OR OMISSIONS OF BUYER OR ITS INSPECTORS IN CONDUCTING ANY SUCH INSPECTION OR (B) WHICH MAY BE
ASSERTED, ASSESSED OR ACCRUED AGAINST OR INCURRED BY SELLER PARTIES BY REASON OF INJURY TO OR DEATH OF BUYER PARTIES ARISING OUT OF OR IN CONNECTION WITH THE TESTS ON GROUND OR IN FLIGHT PROVIDED FOR IN THIS CLAUSE, EXCEPT IN EACH CASE TO THE EXTENT
RESULTING FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF THE SELLER PARTIES. 
 SELLER SHALL INDEMNIFY AND HOLD HARMLESS BUYER,
BUYER’S EMPLOYEES, DIRECTORS, AGENTS AND OFFICERS, THE OPERATOR, AND THE OPERATOR’S EMPLOYEES, DIRECTORS, AGENTS AND OFFICERS (THE “BUYER PARTIES”) AGAINST ALL LIABILITIES, PENALTIES, DAMAGES, LOSSES AND JUDGMENTS, COSTS,
ATTORNEYS’ FEES AND OTHER EXPENSES RELATIVE THERETO WHICH MAY BE ASSERTED, ASSESSED OR ACCRUED AGAINST THE BUYER PARTIES BY REASON OF INJURY TO OR DEATH OF SELLER PARTIES ARISING OUT OF OR IN CONNECTION WITH THE TESTS ON GROUND OR IN FLIGHT
PROVIDED FOR IN THIS CLAUSE, EXCEPT IN EACH CASE TO THE EXTENT RESULTING FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF THE BUYER PARTIES. 

IN THE EVENT ANY CLAIM IS MADE OR SUIT IS BROUGHT AGAINST EITHER PARTY FOR DAMAGES FOR DEATH OR INJURY, THE PARTY AGAINST WHOM CLAIM IS MADE OR
SUIT IS BROUGHT SHALL PROMPTLY GIVE NOTICE TO THE OTHER PARTY AND THE LATTER SHALL HAVE THE RIGHT TO SUPERVISE AND CONDUCT THE DEFENSE THEREOF, OR TO EFFECT ANY SETTLEMENT WHICH IT, IN ITS OPINION, DEEMS PROPER. 

  
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	9 -	FIRM AIRCRAFT SUPPLY PROGRAM 

  

 
  

	9.1	Subject to the provisions of Clauses 9.2 and 9.3, Seller shall offer the Firm Aircraft for acceptance at Seller’s facility at Toulouse, France during the following months: 

 

					
	Firm Aircraft	  	Aircraft	  	Aircraft
	Number	  	Number	  	Scheduled Delivery Date
	Firm Aircraft N°1	  	Aircraft N°1	  	October 2011
	Firm Aircraft N°2	  	Aircraft N°2	  	November 2011
	Firm Aircraft N°3	  	Aircraft N°3	  	December 2011
	Firm Aircraft N°4	  	Aircraft N°4	  	January 2012
	Firm Aircraft N°5	  	Aircraft N°5	  	February 2012
	Firm Aircraft N°6	  	Aircraft N°6	  	March 2012
	Firm Aircraft N°7	  	Aircraft N°7	  	April 2012
	Firm Aircraft N°8	  	Aircraft N°8	  	May 2012
	Firm Aircraft N°9	  	Aircraft N°9	  	June 2012
	Firm Aircraft N°10	  	Aircraft N°10	  	July 2012
	Firm Aircraft N°11	  	Aircraft N°11	  	August 2012
	Firm Aircraft N°12	  	Aircraft N°12	  	September 2012
	Firm Aircraft N°13	  	Aircraft N°13	  	October 2012
	Firm Aircraft N°14	  	Aircraft N°14	  	November 2012
	Firm Aircraft N°15	  	Aircraft N°15	  	December 2012
	Firm Aircraft N°16	  	Aircraft N°16	  	January 2013
	Firm Aircraft N°17	  	Aircraft N°17	  	February 2013
	Firm Aircraft N°18	  	Aircraft N°18	  	March 2013
	Firm Aircraft N°19	  	Aircraft N°19	  	April 2013
	Firm Aircraft N°20	  	Aircraft N°20	  	May 2013

  

	9.2	Each Aircraft shall be offered for delivery in accordance with Clause 10 (Aircraft Acceptance Procedure) within the month indicated above. Seller shall provide written notice to Buyer of the Delivery Date
fortnight for such Firm Aircraft [*****]. Seller shall provide written notice to Buyer of the Delivery Date for such Aircraft [*****], which notice shall also inform Buyer about the Scheduled Inspection Date for such Aircraft. 

 

	9.3	The Scheduled Delivery Date of each Aircraft may be varied in accordance with the other provisions of this Contract, including in particular but without limitation, Clauses 3 (Specification Changes), 4
(Certification & Regulatory Changes), 10 (Aircraft Acceptance Procedure), 12 (Excusable Delay), 13 (Inexcusable Delay), 15 (Buyer Specified Equipment and Information), and 22 (Termination)
hereof. 

  
 [*****] Confidential material
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 Execution version 

 

	9.4	On the Delivery of each Aircraft, Seller shall deliver to Buyer the documents listed in Appendix C (List of Documents Exchanged At Aircraft Acceptance). 

 

	9.5	In the event any export licenses are required under any applicable law in order for Seller to fulfill its obligations under this Contract, the obtaining of such licenses shall be the responsibility of Seller.

  
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	10 -	AIRCRAFT ACCEPTANCE PROCEDURE 

  

 
  

	10.1	Within [*****] from execution hereof, Seller shall provide Buyer with a draft aircraft delivery and acceptance procedures document (the “Inspection and Acceptance Manual”) which shall define (i) the
procedures, policies and standards for Buyer’s to accomplish its inspection during the Aircraft manufacturing process at Seller’s works and the (ii) the Aircraft delivery and acceptance procedures. Buyer shall cooperate with Seller
for the redaction of the Inspection and Acceptance Manual. Buyer and Seller shall mutually approve such Inspection and Acceptance Manual [*****] (such approval not to be unreasonably withheld). In the event of a conflict between the Inspection and
Acceptance Manual and this Contract, then this Contract shall take precedence over the Inspection and Acceptance Manual. 

  

	10.2	Seller shall offer the Aircraft for acceptance at Seller’s facilities in Toulouse (France) upon successful completion of the ground and flight tests performed by Seller as part of its production procedure.

  

	10.3	Buyer shall during the [*****] immediately preceding the Scheduled Delivery Date of each Aircraft be entitled to inspect such Aircraft and during such period Seller shall fly the Aircraft for a period or periods not
exceeding three (3) hours (or such other duration as may be agreed by the parties) to demonstrate in ambient conditions prevailing at Seller’s airfield that the Aircraft complies with the terms of this Contract, including in particular
Clause 2.2 hereof, in respect of those requirements that can be demonstrated only in flight (the “Acceptance Flight Tests”). 

  

	10.4	Throughout the performance of the Acceptance Flight Tests, the operational control of the Aircraft shall remain with Seller’s personnel. 

One (1) ATR 72-600 qualified representative of Buyer may be present and have a seat as a First Officer in the cockpit, being understood
that, notwithstanding the provisions of the above paragraph but subject always to the supervision of Seller’s captain seating in the cockpit, such qualified Buyer representative will, at selected moments during the Acceptance Flight Tests, be
able to exercise a degree of operational control over the Aircraft in order to check that the Aircraft complies with the terms of this Contract. 

A maximum of three (3) representatives of Buyer having only access to the passenger cabin, may also participate in such Acceptance Flight
Tests. 
  

	10.5	The Aircraft shall be operated at Seller’s expense and risk and only by Seller’s nominees during the Acceptance Flight Tests. 

 

	10.6	In the event that during, or as a result of the said inspection or of the Acceptance Flight Tests, Buyer acting reasonably considers that any Aircraft fails to comply in any respect with the terms of this Contract,
including in particular Clause 2.2, then upon notification of the details of such alleged failure given by Buyer upon the conclusion of the inspection or Acceptance Flight Tests, Seller shall, at its own cost and expense, examine, and if necessary
promptly rectify or modify, the Aircraft to bring it into compliance with the terms of this Contract, including in particular Clause 2.2. 

  
 [*****] Confidential material
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 Execution version 

 

 Following any rectification or modification of the Aircraft by Seller pursuant to this Clause
10.6, Buyer shall be allowed the amount of time that will be reasonably needed to assess if such rectifications or modifications have brought the Aircraft in compliance with the terms of this Contract. 

 

	10.7	If at any stage Seller acting reasonably considers that the requirements of the terms of this Contract, including in particular Clause 2.2, are met and should Buyer so require, Seller shall demonstrate to Buyer’s
reasonable satisfaction that the Aircraft meets the said requirements with regard to the aspects in doubt. In case Buyer has notified Seller of any failure of the Aircraft to comply with the terms of this Contract in accordance with this Clause 10,
and Seller has undertaken rectifying and/or modifying actions of any kind, Seller shall be obliged to perform a new Acceptance Flight Test, should Buyer reasonably request so. 

 

	10.8	If remedy of a failure is not possible prior to the Delivery Date, and provided always that such failure does not adversely affect the safety, airworthiness or to any material extent the performance, structural life,
reliability, economic operation, regular commercial use, maintenance inspection program or maintenance of the Aircraft, Buyer shall not be entitled to refuse to accept the Aircraft by reason of such failure of the Aircraft to meet the requirements
of the terms of this Contract. 

 In such case however, Seller and Buyer shall agree a program and a schedule for the remedy of
such failure by Seller or for a monetary compensation for the non-remedy of such failure by Seller, such agreement being recorded in a commitment letter (the “Commitment Letter”) jointly executed by Seller and Buyer prior to Delivery. 

However, in no circumstances shall Buyer be liable to accept delivery of an Aircraft with deferred rectifications or remedies if the deferment
of such rectifications or remedy is not approved by the EASA and / or ANAC. 
  

	10.9	When Buyer is satisfied that the Aircraft meets the Specification and when the said inspection and the Acceptance Flight Tests have been completed on the Aircraft without Buyer notifying Seller of any failure of the
Aircraft to comply with the terms of this Contract, or after Seller has remedied any such failure, or, after Seller and Buyer have agreed a program for the remedy of such failure in accordance with the provisions of Clause 10.8 hereof and when an
Export Certificate of Airworthiness has been issued for the Aircraft, then Buyer shall sign a Certificate of Acceptance in respect of the Aircraft in triplicate. Should Buyer fail to deliver such Certificate of Acceptance, Buyer shall be deemed to
be in default of its obligations pursuant to Clause 22.2 herein. The signature of the Certificate of Acceptance by Buyer shall be deemed a demonstrate compliance of the Aircraft with the Specification and the guaranteed performance, subject however
to the matters set forth in the Commitment Letter (if any). 

  

	10.10	Notwithstanding the provisions of Clause 22.2, if Buyer fails to carry out the said inspection or attend the Acceptance Flight Tests or sign the Certificate of Acceptance without notifying Seller of any failure of the
Aircraft to comply with any of the terms of this Contract, Seller shall, [*****] after the satisfactory completion of the Acceptance Flight Tests, notify Buyer that it shall be deemed to have accepted the Aircraft in accordance with the Contract.
Seller shall be entitled to sign a Certificate of Acceptance on Buyer’s behalf and Buyer shall be responsible for the reasonable costs of insurance, storage, and maintenance of the Aircraft incurred by Seller as a result of Buyer’s failure
as aforesaid. 

  
 [*****] Confidential material
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	10.11	At least [*****] before the Scheduled Delivery Date of each Aircraft, Buyer shall provide to Seller suitable evidence of the authority of designated persons who may sign on Buyer’s behalf the Certificate of
Acceptance together with specimen signatures of the persons so authorised. 

  

	10.12	Seller shall be entitled to fly the Aircraft and to use any part thereof at its own risk and expense for such period as shall be reasonably necessary in connection with DGAC requirements for obtaining an Export
Certificate of Airworthiness and in connection with the Acceptance Flight Tests and Seller shall be under no liability to Buyer in respect of any normal use or depreciation of the Aircraft or any parts thereof occasioned thereby. 

 

	10.13	BUYER SHALL INDEMNIFY AND HOLD HARMLESS SELLER, EACH MEMBER, EACH OF THEIR AFFILIATES AND SELLER’S EMPLOYEES, DIRECTORS, AGENTS AND OFFICERS (THE “SELLER PARTIES”) AGAINST ALL LIABILITIES, PENALTIES,
DAMAGES, LOSSES AND JUDGMENTS, COSTS, ATTORNEYS’ FEES AND OTHER EXPENSES (INCLUDING ATTORNEYS FEES INCURRED TO ENFORCE THIS INDEMNITY) (A) RELATING TO OR ARISING OUT OF ANY SUCH INSPECTION OR THE ACTS OR OMISSIONS OF BUYER OR ITS
INSPECTORS IN CONDUCTING ANY SUCH INSPECTION OR (B) WHICH MAY BE ASSERTED, ASSESSED OR ACCRUED AGAINST OR INCURRED BY THE SELLER PARTIES BY REASON OF INJURY TO OR DEATH OF BUYER PARTIES ARISING OUT OF OR IN CONNECTION WITH THE TESTS ON GROUND
OR IN FLIGHT PROVIDED FOR IN THIS CLAUSE, INCLUDING ANY NEGLIGENCE OF SELLER OR IMPUTED TO SELLER, EXCEPT IN EACH CASE TO THE EXTENT RESULTING FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF THE SELLER PARTIES. 

SELLER SHALL INDEMNIFY AND HOLD HARMLESS BUYER, BUYER’S EMPLOYEES, DIRECTORS, AGENTS AND OFFICERS, THE OPERATOR AND THE OPERATOR’S
EMPLOYEES, DIRECTORS, AGENTS AND OFFICERS (THE “BUYER PARTIES”) AGAINST ALL LIABILITIES, PENALTIES DAMAGES, LOSSES AND JUDGMENTS, COSTS, ATTORNEYS’ FEES AND OTHER EXPENSES RELATIVE THERETO WHICH MAY BE ASSERTED, ASSESSED OR ACCRUED
AGAINST THE BUYER PARTIES BY REASON OF INJURY TO OR DEATH OF SELLER PARTIES ARISING OUT OF OR IN CONNECTION WITH THE TESTS ON GROUND OR IN FLIGHT PROVIDED FOR IN THIS CLAUSE, EXCEPT IN EACH CASE TO THE EXTENT RESULTING FROM THE GROSS NEGLIGENCE OR
WILLFUL MISCONDUCT OF THE BUYER PARTIES. 
 IN THE EVENT ANY CLAIM IS MADE OR SUIT IS BROUGHT AGAINST EITHER PARTY FOR DAMAGES FOR DEATH OR
INJURY, THE PARTY AGAINST WHOM CLAIM IS MADE OR SUIT IS BROUGHT SHALL PROMPTLY GIVE NOTICE TO THE OTHER PARTY AND THE LATTER SHALL HAVE THE RIGHT TO SUPERVISE AND CONDUCT THE DEFENCE THEREOF, OR TO EFFECT ANY SETTLEMENT WHICH IT, IN ITS OPINION,
DEEMS PROPER. 

  
 [*****] Confidential material
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	11 -	TRANSFER OF TITLE, COLLECTION AND FERRY 

  

 
  

	11.1	Upon signing the Certificate of Acceptance of any Aircraft in accordance with Clause 10 (Aircraft Acceptance Procedure), Buyer shall pay to Seller [*****]. Thereupon, and subject to receipt by Seller of the full
payment of the Purchase Price for that Aircraft as aforesaid, Seller shall deliver that Aircraft to Buyer with a Bill of Sale and title to and risk of loss of or damage to that Aircraft shall pass by delivery of the Bill of Sale from Seller to
Buyer. 

  

	11.2	After transfer of title to the Aircraft to Buyer and before the Aircraft is removed from Seller’s airfield, Seller shall, if requested to do so by Buyer, supply [*****] hangarage, aircraft handling, and servicing
[*****]. 

 In addition, upon each Aircraft delivery, Seller shall supply Buyer, [*****] to Buyer, the necessary fuel to top-up
each such Aircraft fuel tanks. 
  

	11.3	If Buyer fails to make the necessary arrangements to ferry any Aircraft from Seller’s airfield within [*****] after the date of execution of the Certificate of Acceptance, then without prejudice to any other
remedies and rights of Seller, Buyer shall, in respect of any subsequent period during which that Aircraft remains at Seller’s works, [*****] by Seller as a result of such Buyer’s failure to perform its obligations. 

 

	11.4	The obtaining of any import licenses or authorizations required to import the Aircraft or the spares into Brazil, or any other country where the Aircraft will be operated, and any associated costs shall be the
responsibility of Buyer. 

  
 [*****] Confidential material
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	12 -	EXCUSABLE DELAY 

  
  

 

	12.1	Seller shall not be liable to Buyer nor shall it be in default for any failure or delay in carrying out any of its obligations under this Contract including but not limited to its obligation to deliver any Aircraft on
its Scheduled Delivery Date, due to causes not within Seller’s reasonable control including, but not limited to, acts of God or the public enemy; war; warlike operations, hostilities, insurrections or riots; fires, floods, or explosions;
earthquakes; epidemics or quarantine restrictions, any act of government (including governmental requisitions, restrictions, priorities, decrees, allocations regulations or orders affecting supplies, facilities, aircraft certification or aircraft
deliveries); strikes or other labor troubles causing cessation, slowdown or interruption of work; inability after due and timely diligence to procure materials, systems, accessories equipment or parts; inability to timely procure any materials,
equipment, accessories, parts or means of transport in accordance with vendor contracts; delays in delivery of said supplies or parts subject to Seller’s orders to subcontractors or suppliers having been placed in due time; unfavourable
atmospheric conditions for air navigation during flight tests; loss of, damage to, destruction of or accident involving the Aircraft prior to delivery, serious accidents (except loss, damages, destructions and accidents caused by the negligent acts,
omissions or wilful misconduct of Seller); or any other cause beyond Seller’s reasonable control, and any such failure, including failure by Seller due to Buyer’s failure to comply with its obligations, shall be considered an
“Excusable Delay”. 

  

	12.2	Seller shall notify Buyer of any Excusable Delay as soon as practicable following receipt of actual knowledge of the occurrence of any of the above mentioned events which constitute Excusable Delays, but no later than
[*****] after such event. Seller’s notice shall include a description of the nature of the Excusable Delay and an estimate of the effects expected upon the timing of the performance of its contractual obligations. Upon written request of Buyer,
Seller shall thereafter provide with reasonable updates of the Seller’s performance under the Contract with respect to such delays. The Seller shall promptly notify Buyer of the resolution of an Excusable Delay. 

 

	12.3	In the event of an Excusable Delay affecting any Aircraft, Seller obligations under this Contract with, and solely with, respect to such affected Aircraft shall be deferred for such period or periods as may be necessary
to perform such obligations and the Scheduled Delivery Date with, and solely with, respect to such affected Aircraft shall be adjusted accordingly, provided, however, that Seller and Buyer shall use commercially reasonable efforts remove any such
cause of delay and to mitigate the impact of the event or events on the timing of the delivery of such affected Aircraft. 

For the avoidance of doubt, it is understood that as part of Seller’s efforts to remove any cause of delay and to mitigate the impact of
event or events on the timing of delivery of any affected Aircraft as set forth above, Seller shall treat Buyer fairly and equally as other ATR aircraft buyers in case other ATR aircraft than Buyer’s Aircraft are affected by the same causes of
delay as Buyer’s Aircraft. 
 If the revised delivery month is [*****] after the Schedule Delivery Date, Buyer will accept such Aircraft
when tendered for delivery, subject to the following: 

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

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 Execution version 

 

	 	(a)	The Pre-Delivery Payment schedule will be adjusted to reflected the revised delivery month; and 

  

	 	(b)	All other provisions, including BFE delivery dates, shall remain unaffected. 

  

	12.4	In the event that the delivery of any Aircraft shall be delayed by reason of any one or more of the causes described above in this Clause 12 for a period of more than [*****] after the end of its Scheduled Delivery Date
month, either party shall be entitled to terminate this Contract with, and solely with, respect to such undelivered Aircraft, upon written notice given to the other party within [*****] after the expiration of such [*****] period. Such termination
shall discharge the parties of all obligations and liabilities hereunder with, and solely with, respect to such undelivered Aircraft, services, data or other items applicable thereto and to be furnished hereunder and Seller shall pay to Buyer an
amount equal to [*****] received from Buyer hereunder with, and solely with, respect to such undelivered Aircraft for which this Contract is so terminated, [*****] If either party does not so terminate this Contract as it relates to such Aircraft,
all terms and conditions hereunder applicable to such Aircraft will remain in effect. 

  

	12.5	In the event that, prior to delivery, any Aircraft is lost, destroyed or damaged beyond repair it shall be deemed an Excusable Delay (subject to the provisions of clause 12.1) and if consequently the Aircraft (or a
replacement aircraft) cannot be delivered within [*****] after the end of its Scheduled Delivery Date month, either party shall be entitled to terminate this Contract with, and solely with, respect to such undelivered Aircraft upon written notice
given to the other within [*****] after the expiration of such [*****] period. Any termination under this Clause shall discharge the parties of all obligations and liabilities hereunder with, and solely with, respect to such undelivered Aircraft,
services, data or other items applicable thereto and to be furnished hereunder. Seller shall pay to Buyer an amount equal to [*****] received from Buyer hereunder with, and solely with, respect to such undelivered Aircraft for which this Contract is
so terminated, [*****] If either party does not so terminate this Contract as it relates to such Aircraft, all terms and conditions hereunder applicable to such Aircraft will remain in effect. 

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

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 CONFIDENTIAL TREATMENT REQUESTED 

 

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	13 -	INEXCUSABLE DELAY 

  

 
  

	13.1	If any Aircraft is not delivered [*****] its Scheduled Delivery Date month for any reason other than an Excusable Delay as defined in Clause 12.1, such delay in delivery shall be deemed an “Inexcusable Delay”
for the purposes of this Clause. 

  

	13.2	Buyer shall have the right to claim the liquidated damages specified below in respect of any Aircraft subject to an Inexcusable Delay and the parties agree that such liquidated damages are a reasonable estimate of the
amount of damages Buyer would suffer in the event of an Inexcusable Delay. Seller shall pay to Buyer as liquidated damages an amount determined in accordance with the below table per day of Inexcusable Delay commencing on the [*****] after the last
day of the Scheduled Delivery Date month and continuing for each additional day thereafter through the earliest of (i) the actual Delivery Date of any such Aircraft, (ii) the date on which Buyer improperly refuses or delays acceptance of
any such Aircraft, or (iii) [*****] after the last day of the Scheduled Delivery Month; provided; that, in no event shall Seller be liable to Buyer for damages with respect to any Aircraft in excess of [*****] additional liquidated damages
payable pursuant to Clause 18.4(ii) hereof. 

 [*****] 

 

	13.3	In the event the delivery of any Aircraft is delayed by more than [*****] after the last day of its Scheduled Delivery Date month, and such delay is due to Inexcusable Delay, Buyer shall have the right to terminate this
Contract with, and solely, with respect to such undelivered Aircraft, which termination shall be effective by providing Seller with written notice of its intent to so terminate within [*****] after the expiration of such [*****] period. Any
termination under this Clause 13.3 shall discharge the parties of all obligations and liabilities (excluding any liquidated damages payable by Seller in accordance with the terms of this Clause 13) with, and solely with, respect to such undelivered
Aircraft, services, data or other items applicable thereto and to be furnished hereunder. Seller shall pay to Buyer an amount equal to [*****] (with interest at a default per annum rate equal to [*****] up to the maximum amount permitted by
applicable laws, such interest being calculated on a daily basis) received from Buyer hereunder with, and solely with, respect to such undelivered Aircraft for which this Contract is so terminated, less an amount corresponding to the expenses
incurred to Seller in supplying to Buyer the product support services relating to such undelivered Aircraft. 

  
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 Execution version 

 

	13.4	Buyer acknowledges and agrees that the remedies as provided in this Clause 13 are its sole and exclusive remedies with respect to Seller’s failure to deliver any Aircraft (by virtue of Inexcusable Delay) as
scheduled and that any payments made pursuant to this Clause are in full and final settlement of all claims, liabilities and damages for late delivery of any Aircraft (by virtue of Inexcusable Delay) or failure to deliver any Aircraft (by virtue of
Inexcusable Delay) and that in no event shall Seller be liable to Buyer for any consequential loss or damage. 

  

	13.5	Buyer shall not be entitled to terminate its obligations to accept and pay for any Aircraft by reason of any delay in delivery except as provided in this Clause 13 or in Clause 12 (Excusable Delay).

  
  

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	14 -	INSURANCE AND INDEMNITY 

  

 
  

	14.1	Buyer shall obtain and maintain at its own expense, or cause the Operator to obtain and maintain at its own expense, hull third party and passenger legal liability insurance policies as hereinafter provided in respect
of the Aircraft to be effective on transfer of title to Buyer, provided however that the Operator’s obtaining and maintaining such insurance will relieve Buyer of any obligation to provide such insurance. Prior to such transfer of
title all insurance in respect of the Aircraft shall be the responsibility of Seller. 

  

	14.2	Not less than [*****] before the Scheduled Delivery Date of each Aircraft, Buyer shall deliver or cause to be delivered to Seller a certificate of insurance evidencing the cover required on transfer of title as
aforesaid. 

  

	14.3	At all times following delivery of any Aircraft, in respect of periods during which training of Buyer’s pilots or the Operator’s pilot is conducted or expected to be conducted by Seller in respect of any
Aircraft, the Aircraft shall in all respects remain at Buyer’s or Operator’s risk and Buyer hereby: 

  

	 	14.3.1	Indemnifies and holds harmless Seller, each member, each of their affiliates and Seller’s employees, directors, agents, subcontractors and officers (the “Seller Parties”) against all liabilities,
obligations, penalties, damages, losses and judgments, costs, attorneys’ fees and other expenses (including attorneys fees incurred to enforce this indemnity) relating to or arising out either directly or indirectly of flight or ground training
performed on the Aircraft in the course of such training which may be asserted, assessed or accrued against or incurred by the Seller Parties by reason of injury to or death of Buyer or the Operator’s parties (whichever has received the
training) arising out of or in connection with such flight or ground training (except to the extent of gross negligence or willful misconduct of the Seller Parties) and waives any claim against the Seller Parties arising out of such flight or ground
training unless such claim is made within the terms of the aircraft warranties contained herein, and 

  

	 	14.3.2	Undertakes to join Seller’s name in Buyer’s hull, third party and passenger legal liability insurance policies (which shall be taken out and maintained in a manner and with insurers to be reasonably approved
in writing by Seller) for the period of such flight or ground training in such a manner that Seller is held harmless under the hull policy and is indemnified as an additional assured under the third party and passenger legal liability insurance
policies. The said liability policies of insurance shall provide the following minimum limits of cover: 

  

	 	(i)	Public liability / property damage / passenger and baggage legal liability, any one accident / occurrence / unlimited in all: [*****]; 

 

	 	(ii)	The hull policy of insurance shall provide a waiver of recourse by the insurers, whether by subrogation or otherwise, against Seller, its officers, employees, servants, directors or agents. 

  
 [*****] Confidential material
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 Execution version 

 

	15 -	BUYER SPECIFIED EQUIPMENT AND INFORMATION 

  

 
  

	15.1	Upon terms and conditions to be agreed in writing, Seller shall provide for the installation of the equipment to be furnished by Buyer (if any), and designated “Buyer Furnished Equipment” in Appendix A
(Specification) appended hereto. 

 Seller shall advise Buyer with sufficient notice to Buyer of the dates by which
Seller needs a written detailed description of the dimensions and weight of Buyer Furnished Equipment and information necessary for the installation and operation thereof, so that Seller may meet the Scheduled Delivery Dates of the Aircraft. 

At the request of Seller, Buyer will consign at Seller’s facilities any spare Buyer Furnished Equipment items of a critical nature, i.e.
items that if found unserviceable could impair the assembly, the testing or the acceptance of the Aircraft. Such spare items, if any, will be returned to Buyer with the last delivered Aircraft. 

 

	15.2	Any delay or failure by Buyer in providing the descriptive information or in furnishing Buyer Furnished Equipment giving rise to a delay in the performance of Seller’s obligations under this Contract, will result
in a delay in the date at which Seller shall be required to meet its obligation to deliver the Aircraft and, if such delay is more than [*****], will cause the Base Purchase Price of the Aircraft concerned to be increased by the amount of
Seller’s additional costs, if any, and escalation attributable to such delay or failure by Buyer. In no event shall Seller be liable to Buyer for damages or penalties with respect to delay in the date at which Seller shall be required to meet
its obligation to deliver the Aircraft, or liable for any damages, including without limitation any other direct, incidental, special or consequential loss or damage resulting from Buyers delay in providing Buyer Furnished Equipment.

  

	15.3	Buyer will [*****] arrange for the Buyer Furnished Equipment [*****]. 

  

	15.4	Title to and risk of loss of any Buyer Furnished Equipment shall at all times remain with Buyer, who may take out an insurance covering such risks. Except as required by non-waivable provisions of applicable law, Seller
shall have no responsibility or reliability for Buyer Furnished Equipment. Seller shall however undertake to exercise all due skill and care in the installation of all Buyer Furnished Equipment. 

 

	15.5	If Buyer requests Seller to directly supply certain items which are considered as Buyer Furnished Equipment as per the Specification and if such request is notified to Seller in due time in order not to affect the
Scheduled Delivery Date of the Aircraft, Seller shall order such items subject to the execution of an SCN reflecting the effect on price, escalation adjustment and other possible conditions of the Contract. 

 

	15.6	For the avoidance of doubt, none of the warranties or guarantees given by Seller shall apply to Buyer Furnished Equipment even in a case of Seller directly supplying them. 

 

	15.7	Seller shall bear no liability in respect of any product support relating to any Buyer Furnished Equipment, provided that Seller has exercised due skill and care in the installation of any such Buyer Furnished Equipment
as required under Clause 15.4 hereof. 

  
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 Execution version 

 

	15.8	BUYER HEREBY INDEMNIFIES AND HOLDS HARMLESS SELLER FROM AND AGAINST ALL CLAIMS AND LIABILITIES, INCLUDING COSTS AND EXPENSES (INCLUDING ATTORNEYS’ FEES) INCIDENT THERETO OR INCIDENT TO SUCCESSFULLY ESTABLISHING THE
RIGHT TO INDEMNIFICATION, FOR INJURY TO OR DEATH OF ANY PERSON OR PERSONS, INCLUDING EMPLOYEES OF BUYER BUT NOT EMPLOYEES OF SELLER, OR FOR LOSS OF OR DAMAGE TO ANY PROPERTY, INCLUDING ANY AIRCRAFT, ARISING OUT OF OR DIRECTLY CONNECTED WITH ANY
NONCONFORMANCE OR DEFECT IN ANY BFE. THIS INDEMNITY WILL NOT APPLY WITH RESPECT TO ANY NONCONFORMANCE OR DEFECT CAUSED BY BUYER’S INSTALLATION OF THE BFE. 

  

	15.9	BUYER HEREBY INDEMNIFIES AND HOLDS HARMLESS SELLER FROM AND AGAINST ALL CLAIMS, SUITS, ACTIONS, LIABILITIES, DAMAGES AND COSTS ARISING OUT OF ANY ACTUAL OR ALLEGED INFRINGEMENT OF ANY PATENT OR OTHER INTELLECTUAL
PROPERTY RIGHTS BY BFE OR ARISING OUT OF THE INSTALLATION OR USE OF BFE BY SELLER. 

  
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 Execution version 

 

	16 -	CUSTOMER SUPPORT SERVICES, GUARANTEES AND WARRANTIES 

  

 
  

	16.1	Seller shall provide the spare parts services provided for in Appendix D (Spare Parts Procurement), the product warranties provided for in Appendix E (Warranties), the customer support services provided
for in Appendices F (Technical Publications), G (Engineering Assistance), H (Start-Up Team), I (Field Service), J (Training) and the guarantees provided for in Appendices L (Performance Guarantees) and M
(Dispatch Reliability Guarantee) appended hereto. 

  

	16.2	Seller shall deliver the Aircraft and spares to Buyer together with applicable documentation and manuals therefor in hard copy or otherwise (below in this Clause collectively referred to as “Manuals”), and
Buyer shall accept the same, with the benefits and subject to all the terms and conditions of the warranties and other provisions contained in Appendix F (Technical Publications). 

 

	16.3	WAIVER, RELEASE AND RENUNCIATION 

 ALL WARRANTIES, SUPPORT SERVICES AND GUARANTEES OF SELLER AND
REMEDIES OF BUYER SET FORTH IN CLAUSE 16.1, THE RELATED APPENDICES AND THE BILL OF SALE ARE EXCLUSIVE AND IN SUBSTITUTION FOR, AND BUYER HEREBY WAIVES, RELEASES AND RENOUNCES ALL OTHER WARRANTIES, OBLIGATIONS, GUARANTEES AND LIABILITIES OF SELLER
AND RIGHTS, CLAIMS AND REMEDIES OF BUYER AGAINST SELLER, EXPRESS OR IMPLIED, ARISING BY LAW OR OTHERWISE WITH RESPECT TO ANY NONCONFORMITY OR DEFECT IN ANY AIRCRAFT, COMPONENT, EQUIPMENT, TRAINING, SERVICES, ACCESSORY OR PART DELIVERED TO AND
ACCEPTED BY BUYER UNDER THIS AGREEMENT, INCLUDING BUT NOT LIMITED TO: 
  

	 	(A)	ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR OR ANY PURPOSE, 

  

	 	(B)	ANY IMPLIED WARRANTY ARISING FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE, 

  

	 	(C)	ANY OBLIGATION OR LIABILITY OF SELLER OR ANY RIGHT, CLAIM OR REMEDY OF BUYER IN CONTRACT OR IN TORT, WHETHER OR NOT ARISING FROM SELLER’S NEGLIGENCE, ACTUAL OR IMPUTED, AND 

 

	 	(D)	ANY OBLIGATION OR LIABILITY OF SELLER OR ANY RIGHT, CLAIM OR REMEDY OF BUYER FOR LOSS OF OR DAMAGE TO ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY OR PART, FOR LOSS OF USE, REVENUE OR PROFIT WITH RESPECT TO ANY
AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY OR PART, OR FOR ANY DIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, 

 PROVIDED
THAT IN THE EVENT THAT ANY OF THE AFORESAID PROVISIONS SHOULD FOR ANY REASON IS HELD UNLAWFUL OR OTHERWISE INEFFECTIVE THE REMAINDER OF THIS SECTION 16.3 SHALL REMAIN IN FULL FORCE AND EFFECT. 

  
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 THE WARRANTIES, SUPPORT SERVICES AND GUARANTEES SET FORTH IN SECTION 16.1 SHALL NOT BE
EXTENDED, ALTERED OR VARIED EXCEPT BY A WRITTEN INSTRUMENT SIGNED BY SELLER AND BUYER. 
 NOTWITHSTANDING THE FOREGOING, THIS CLAUSE 16.3
SHALL NOT APPLY TO ANY DEFECT OR FAILURE IN ANY SERVICE DELIVERED OR PROVIDED BY SELLER UNDER THIS CONTRACT WHERE SUCH DEFECT OR FAILURE WAS CAUSED BY SELLER’S GROSS NEGLIGENCE; 

 

	16.4	WITHOUT LIMITING THE WAIVER, RELEASE AND RENUNCIATION SET FORTH IN SECTION 16.3, AND SUBJECT TO SECTIONS 13.2 AND 13.4, BUYER HEREBY WAIVES, RELEASES AND RENOUNCES ALL CLAIMS TO ANY FURTHER DAMAGES, DIRECT, SPECIAL,
INCIDENTAL OR CONSEQUENTIAL, INCLUDING LOSS OF PROFITS, REVENUE OR USE OF AN AIRCRAFT, AND ALL OTHER RIGHTS, CLAIMS AND REMEDIES, ARISING UNDER OR BY VIRTUE OF A BREACH OF THIS CONTRACT, ANY NONCONFORMITY OR DEFECT IN ANY AIRCRAFT, COMPONENT,
EQUIPMENT, TRAINING, SERVICES, ACCESSORY OR PART OR ANY OTHER SELLER NONPERFORMANCE UNDER THIS CONTRACT. 

  
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	17 -	OPTION AIRCRAFT & ADDITIONAL AIRCRAFT     

  

 
  

	17.1	In addition to the twenty (20) Firm Aircraft, Buyer shall have the option to purchase ten (10) optional aircraft (the “Option Aircraft”) as provided for in Appendix N (Option Aircraft).

  

	17.2	In addition to the twenty (20) Firm Aircraft and ten (10) Option Aircraft, Buyer shall have the right to purchase ten (10) additional aircraft (the “Additional Aircraft”) as provided for in
Appendix O (Additional Aircraft). 

  
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	18 -	SUPPLY OF INTERIM CAPACITY 

  

 
  

	18.1	Scope 

  

	 	18.1.1	In consideration of Buyer acquiring the Aircraft and subject to such acquisition, Seller is willing to assist Buyer to source interim capacity in order to maximize the number of aircraft operated by the Operator
starting from December 2010 and subsequently during the years 2011 and 2012. 

  

	 	18.1.2	Seller shall procure or cause to procure to the Operator [*****] used ATR 72-200 aircraft (the “Used Aircraft”) on [*****] 

In that respect, Seller has at this time identified [*****] used ATR 72-200 aircraft from its own asset portfolio and from [*****] is ready to
dry-lease to the Operator on a [*****] The Used Aircraft currently contemplated for dry operating leasing by the Operator are [*****] ATR 72-200 aircraft bearing [*****] The Lease of such Used Aircraft is subject to entry into mutually acceptable
leasing arrangements consistent with Appendix P (Used Aircraft Operating Lease Terms) hereto. 
  

	 	18.1.3	The availability of the Used Aircraft remains however subject to the receipt by Seller from Buyer of the Used Aircraft [*****], as detailed in Appendix P (Used Aircraft Operating Lease Terms) hereto.

 Seller hereby acknowledges receipt of the Used Aircraft [*****] for the [*****] Used Aircraft to be procured by Seller
hereunder. 
 For the avoidance of doubt, each Used Aircraft [*****] will be [*****] in accordance with the terms of Clause 6.2.7 hereof.

  

	 	18.1.4	In addition, Seller reserves the right to replace any of the Used Aircraft listed above by another used ATR 72-200 aircraft bearing a different Manufacturer Serial Number, being understood that such replacement used
aircraft may be owned and leased by a third-party lessor or operator. 

  

	18.2	Used Aircraft Operating Lease Terms 

  

	 	18.2.1	The [*****] Used Aircraft shall be available for delivery starting from December 2010 and onwards. 

  

	 	18.2.2	The proposed terms relating to the Used Aircraft operating leases, including but not limited to aircraft delivery and return conditions, lease term, rentals and securities are detailed in Appendix P (Used Aircraft
Operating Lease Terms) hereto. 

  

	 	18.2.3	The specifications of each Used Aircraft will be communicated to the Operator as soon as practicable and at the latest at the stage of each Used Aircraft operating lease agreement negotiation. 

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

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	18.3	Training Services Advance 

 Subject to the payment by Buyer to Seller of all pre-delivery
payments for each Aircraft then due and payable in accordance with Clause 6.2 hereof, the following training services for the Aircraft may be advanced to be used before the Used Aircraft entry into service so as to ensure adequate Used Aircraft
introduction in the Operator’s fleet: 
  

	 	•	 	Flight crew courses set forth in Clause 3.1 of Appendix J (Training) for the first [*****] Firm Aircraft; 

  

	 	•	 	Cabin crew courses set forth in Clause 3.2 of Appendix J (Training) for the first [*****] Firm Aircraft; 

  

	 	•	 	Mechanics courses set forth in Clause 3.3 of Appendix J (Training) for the first [*****] Firm Aircraft; 

  

	 	•	 	Ground staff courses set forth in Clause 3.4 of Appendix J (Training) for the first [*****] Firm Aircraft; and 

  

	 	•	 	Customer service assistance set forth in Appendix I (Field Service) hereof. 

 Any such
advanced training as detailed above will be provided for the ATR 72-200 type where applicable (that is for the avoidance of doubt for the flight crew transition course, flight crew TRI courses, flight attendant instructor courses and mechanics T1
and T1 additional module courses). 
 The difference courses from the Used Aircraft ATR 72-200 type to the ATR 72-600 Aircraft type will be
[*****] by Seller to Buyer for such pilots, flight attendants and mechanics initially trained to ATR 72-200 Used Aircraft type. 
 For the
avoidance of doubt, the right granted to Buyer to benefit from any such training services advance and from any ATR 72-200 to ATR 72-600 difference training shall be assigned by to the Operator in the event of an assignment by the Buyer to the
Operator of the training services set forth in Appendix J (Training) and Appendix I (Field Service) hereof. 
  

	18.4	Lease Extension due to Firm Aircraft Delivery Delay 

 Should (i) a delay in delivery of a
Firm Aircraft lead to a lease extension of any Used Aircraft, and (ii) any Used Aircraft for which a lease extension is so required need airframe check(s) (C / 2Ye / 4Ye / 8Ye / 36,000 Cy) performed during the lease extension period, then
during the period of airframe check performance (and solely during such period): 
  

	 	(i)	[*****] and 

  

	 	(ii)	In case of an Inexcusable Delay, Buyer shall be entitled to supplemental liquidated damages, in addition to the liquidated damages provided in Clause 13.2, in the amount of [*****] for each day of such airframe check
performance. 

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

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	18.5	[*****] 

  

	 	18.5.1	[*****] 

  

	 	18.5.2	[*****] 

  

	 	18.5.3	[*****] 

  

	 	(i)	[*****] 

  

	 	(ii)	[*****] 

  

	 	(iii)	[*****] 

  

	 	(iv)	[*****] 

  

	 	(v)	[*****] 

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

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 CONFIDENTIAL TREATMENT REQUESTED 

 

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	 	18.5.4	[*****] 

  

	 	18.5.5	[*****] 

  

	18.6	In case of contradiction and/or inconsistency between this Contract and any Used Aircraft Operating Lease Agreement (as defined in Appendix P (Used Aircraft Operating lease Terms) hereof), any such Used Aircraft
Operating Lease Agreement shall prevail. 

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

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	19 -	MISCELLANEOUS 

  
  

 

	19.1	Save as expressly provided in this Contract, no alteration of the terms of this Contract shall be effective unless contained in a written document signed by Authorised Representatives of both parties. 

 

	19.2	If a provision of this Contract is or becomes illegal, invalid or cannot be enforced in any jurisdiction, that will not affect: 

  

	 	19.2.1	The legality, validity or enforceability in that jurisdiction of any of the other provisions of this Contract; or 

  

	 	19.2.2	The legality, validity or enforceability in any other jurisdiction of that or any other provision of this Contract. 

  

	19.3	This Contract is the whole agreement between Seller and Buyer for purchasing the Aircraft and supersedes and replaces all previous agreements, understandings, commitments or representations whatsoever whether oral or
written, including for the sake of clarity the Heads of Agreement executed by and between Seller and Buyer on July 16th 2010. 

 

	19.4	Buyer and Seller agree that this Contract 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 parties, and that the
price of the Aircraft and the other mutual agreements of the parties set forth herein were arrived at in consideration of the provisions hereof specifically including all waivers, releases and renunciations by Buyer set out herein.

  

	19.5	The time stipulated in this Contract for all payments by Buyer to Seller or by Seller to Buyer and for each party to perform its obligations under this Contract will be of the essence. 

 

	19.6	Each party shall, and shall use all reasonable endeavours to procure that third parties shall, execute and sign such documents and do such acts and things as any other party shall reasonably request in order to carry
out the intended purpose of this Contract or to establish, perfect, preserve or enforce that party’s rights under this Contract. 

  

	19.7	There are no third party beneficiaries of this Contract. No person who is not a party to this Contract shall have, under this Contract, any benefit or right to enforce any of its terms. 

 

	19.8	The indemnities, waivers, disclaimers and exculpations set forth in this Contract including but not limited to these contained in Sections 14 and 16 shall survive the expiration or termination of this Contract with
respect to any or all Aircraft. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

 

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	20 -	TAXES 

  
  

 

	20.1	Seller shall pay, indemnify and hold Buyer harmless from any and all Taxes [*****] Buyer shall pay, indemnify and hold Seller harmless from [*****] Upon the request of either Party, the other Party shall execute and
deliver to the requesting Party any document reasonably necessary or desirable in connection with an exemption from, reduction of or the contesting of the imposition of any Taxes resulting from or arising in connection with this Contract and the
sale of the Aircraft under this Contract. In the event that any Tax that is subject to indemnification pursuant to this Section 20.1 is imposed on a Party, the Party seeking indemnification shall promptly notify the other Party of the
imposition of such Taxes, provided that the failure to promptly notify the indemnifying Party will not relieve the indemnifying Party of its obligations pursuant to this Section 20.1 except to the extent that such failure harms the
indemnifying Party,. 

  

	20.2	In addition to the above, and for the sake of clarity, in case of a withholding tax being applied on the payment of the Purchase Price of any Aircraft, Buyer shall make a complementary payment to Seller in an amount
equal to the amount of the withholding tax, so that the net amount received by Seller is equal to the amount which would have been received by Seller had no such withholding tax been levied. 

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

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 CONFIDENTIAL TREATMENT REQUESTED 

 

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	21 -	PATENT INDEMNITY 

  
  

 

	21.1	Seller shall, within [*****] calendar days of notice, indemnify Buyer and Buyer’s officers, employees, agents and shareholders from and against any damages, costs or expenses including legal costs (excluding
damages, costs, expenses, loss of profits and other liabilities in respect of or resulting from loss of use of the Aircraft) resulting from any infringement or claim of infringement of: 

 

	 	(a)	Any [*****] patent, or 

  

	 	(b)	Any patent issued under the laws of any other country in which Buyer or the Operator may lawfully operate the Aircraft, provided that: 

 

	 	(i)	From the time of design of the Aircraft, accessory, spares, equipment or part and until infringement claims are resolved, such country and the flag country of the Aircraft are legally bound by and recognise their
obligations and duties under the Chicago Convention on International Civil Aviation of December 7, 1944 and the flag country is fully entitled to all benefits of Article 27 thereof, or, in the alternative, 

 

	 	(ii)	From such time of design and until infringement claims are resolved such country must either be a party to the International Convention for the protection of Industrial Property, or have in full force and effect patent
laws which recognise and give adequate protection to patents issued under the laws of other countries. 

  

	21.2	Should any unit or part of the Aircraft be held to infringe any patent and should Buyer be enjoined from using same, Seller will then at its option and at its expense: 

 

	 	(i)	Procure for Buyer the right to use the unit or part thereof free of any liability for patent infringement, or, 

  

	 	(ii)	Replace as soon as possible the unit or part thereof with a non-infringing substitute otherwise complying with the requirements of this Contract. 

 

	21.3	If a suit is commenced or threatened against Buyer for infringement or if Buyer receives a written claim alleging infringement, Buyer shall forthwith notify Seller giving particulars thereof and shall use diligent
efforts in full co-operation with Seller to reduce royalties, damages, costs and expenses involved and shall, subject to applicable law, furnish to Seller all data, papers, records and other assistance within Buyer’s knowledge, control or
possession, which may be used as material to resistance or defense against such claim or suit. 

  

	  	Buyer shall refrain from admitting any liability or making any payment or assuming any expenses, damages, costs or royalties for which Seller may be asked to assume liability or otherwise acting in a manner prejudicial
to Seller’s defense or resistance to such suit or claim. 

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

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 Execution version 

 

 Seller shall upon demand indemnify Buyer against any damages, costs or expenses (excluding
damages, costs, expenses, loss of profits and other liabilities in respect of or resulting from loss of use of the Aircraft) incurred by Buyer in so cooperating with Seller or in performing or omitting to perform any action pursuant to this Clause
21.3. 
  

	21.4	For the avoidance of doubt, the indemnity contained in this Section 21 is subject to the exclusions contained in Article 16.3 and 16.4. 

  
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Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

 

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	22 -	TERMINATION 

  
  

 

	22.1	In the event that either Seller or Buyer: 

  

	 	22.1.1	Is unable to or admits in writing its inability to pay its debts generally as they become due or makes a general assignment for the benefit of creditors; or 

 

	 	22.1.2	Files a voluntary petition under bankruptcy, reorganization or insolvency laws or if such a petition is filed against Buyer or Seller and such petition is not discharged within [*****]; or 

 

	 	22.1.3	Petitions for, or acquiesces in, the appointment of any receiver, trustee, custodian or similar officer to liquidate or conserve its business or any substantial part of its assets; or 

 

	 	22.1.4	Commences under the laws of any competent jurisdiction any proceeding involving its insolvency, readjustment of debt, dissolution, liquidation, reorganization or any other similar proceeding for the relief of
financially distressed debtors; or 

  

	 	22.1.5	Becomes the object of any proceeding or action of the type described in Subsections 22.1.3 or 22.1.4 above relating to a substantial part of its assets and such proceeding or actions remains undismissed or unstayed for
a period of at least [*****]; or 

  

	 	22.1.6	Is divested of a substantial part of its assets, or suspends a substantial part of his business, or ceases doing business for a period of at least [*****]; or 

 

	 	22.1.7	Is subject to an “order for relief” under the United States bankruptcy code, 

 then
the other party may, to the full extent permitted by law, by written notice terminate all or part of this Contract. 
  

	22.2	If Buyer fails, in breach of this Contract, to: 

  

	 	22.2.1	Pay any Pre-Delivery Payment set forth in Clause 6.2 with respect to any Aircraft on the due date for such payment; or 

  

	 	22.2.2	Take delivery of any Aircraft when tendered for delivery in accordance with the terms of this Contract; or 

  

	 	22.2.3	Deliver the signed Certificate of Acceptance to Seller for any Aircraft in compliance with Clause 10.9; or 

  

	 	22.2.4	Pay the Purchase Price to Seller for any Aircraft in compliance with Clause 11.1; or 

  

	 	22.2.5	 Perform or comply with any material obligation expressed to be assumed by Buyer under this Contract with respect to any Aircraft or under any Used
Aircraft operating lease, 

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

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 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

	 	
and such failure (a “Buyer Default”) continues for a period of more than [*****] after the receipt of notice by Buyer from Seller to correct such failure, then Seller may without
prejudice to its other rights under this Contract, by written notice to Buyer: 

  

	 	(a)	Terminate this Contract by written notice to Buyer with, and solely with respect to any such Aircraft for which Buyer has defaulted in its obligations; and/or 

 

	 	(b)	Proceed by appropriate court action or actions to enforce performance of this Contract, including without limitation the payment of all other amounts due by Buyer to Seller pursuant to this Contract; and/or

  

	 	(c)	Proceed by appropriate court action to recover damages for breach of this Contract. 

 Any
termination under this Clause 22.2 shall discharge the parties of all obligations and liabilities hereunder with, and solely with, respect to such Aircraft for which the Contract is so terminated and any related services, data or other items
applicable thereto and to be furnished hereunder and, Seller, without prejudice to any other rights and remedies available to it under this Contract or by law, shall be entitled to [*****] under this Contract with, and solely with, respect to any
such Aircraft for which the Contract is so terminated. 

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

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	23 -	TERMINATION PROCEDURE 

  

 
  

	23.1	To the fullest extent permitted by law, the termination of this Contract, pursuant to Clause 22 (Termination) shall become effective immediately upon receipt by the relevant party of the written notice sent by
the other party without it being necessary for either party to take any further action or to seek any consent from the other party or any court having jurisdiction. 

 

	23.2	The right of the parties to terminate this Contract shall be without prejudice to any other rights and remedies available to such party to seek termination of this Contract before any court having jurisdiction pursuant
to any failure by the other party to perform its obligations under this Contract. 

  
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	24 -	CONFIDENTIAL NATURE OF CONTRACT AND INFORMATION 

  

 
  

	24.1	This Contract is confidential between the parties and shall not without prior written consent of the other party be disclosed by either party in whole or in part to any other person or body except (i) their
employees, attorneys, accountants, financial advisors, lenders (including for the sake of clarity any entity with whom Buyer may enter into a sale and lease back transaction), investors and consultants having a need to know for the purpose of
implementing the provisions of this Contract and only to the extent that such persons are bound by similar confidentiality covenants and that the relevant party has been informed in writing of the disclosure of this Contract to such persons or
(ii) as may be required under law or by government entities or (iii) insofar as may be necessary for either party to carry out its obligations under applicable laws or regulations. 

 

	24.2	Any and all studies, reports, analyses, forecasts, or other documents relating to traffic, revenue, or costs predicted in connection with the Operator’s possible use of the Aircraft given or made available to
Buyer, whether prepared in whole or in part by Seller or at Seller’s direction, shall, if used by Buyer, be a matter wholly for Buyer’s judgment and in no circumstances shall Seller be liable to Buyer or any third party for any
consequences that may flow from such use and Buyer indemnifies Seller in respect of any such liability to any third party. Such documents are confidential and shall not without prior written consent of Seller be disclosed in whole or in part by
Buyer to any third party except (i) as may be necessary under any applicable law and (ii) to the extent such information or documents are or become part of the public domain. 

 

	24.3	Except as may be reasonably required for the normal operation, maintenance, overhaul and repair of the Aircraft, Buyer shall hold confidential all technical data, documents and information supplied by or on behalf of
Seller and shall not reproduce any such technical data, documents or information or divulge the same to any third party without the prior written consent of Seller except (i) as may be necessary under any applicable law and (ii) to the
extent such information or documents are or become part of the public domain. 

  

	24.4	The submission of such studies, reports, analyses, forecasts, or other documents referred to above, and any use made thereof by Buyer or Seller, shall in no circumstances constitute a joint venture, partnership or other
similar relationship between Seller and Buyer. 

  

	24.5	If applicable law requires disclosure, the parties hereto will coordinate the timing of such disclosure. 

  

	24.6	Either party may announce the signing of this Contract by means of a notice to the press, subject to prior approval of the other party and provided always that the other party has agreed in advance to the content of
such notice. 

  
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	25 -	COLLATERAL AGREEMENTS AND REPRESENTATIONS 

  

 
  

	25.1	The parties have negotiated this Contract (and the other related agreements entered into between the parties on the date hereof) on the basis that the terms and conditions set out herein represent the entire agreement
between them relating in any way whatsoever to the Aircraft, services and spares which form the subject matter of this Contract and accordingly they agree that all liabilities for and remedies in respect of any representations made are excluded save
insofar as provided in this Contract (and the other related agreements entered into between the parties on the date hereof). Neither party shall have any claim against the other on the grounds that it has placed any reliance whatsoever on any
representations, agreements, statements, or understandings, whether oral or in writing, made prior to the date of this Contract, other than those expressly incorporated or recited in this Contract (or any other related agreement entered into between
the parties on the date hereof). 

  

	25.2	No studies, reports, analyses, forecasts, or other documents relating to traffic, revenue, or costs predicted in connection with Buyer’s possible use of the Aircraft prepared by or at the direction of Seller and
given to Buyer shall constitute or evidence warranties, representations, or any contractual or other commitments on the part of Seller and do not form part of this Contract, and Buyer waives any claims against Seller that it has placed any reliance
on any statement in any such document for any purpose. All assumptions reflected in any such documents are based on information available to Seller when prepared and are subject to change. The accuracy and reliability of such information varies
according to the availability of information to Seller. Accordingly, conclusions based on these assumptions are indicative only and Seller disclaims responsibility and Buyer accepts that Seller is not liable for any decisions made, expenses
incurred, or opportunities foregone by Buyer after receipt of any such document or information. 

  

	25.3	Seller represents to Buyer that, at the date of execution of this Contract and on each successive Delivery Date: 

  

	 	(1)	It is a corporation, duly incorporated and validly existing under the law of its jurisdiction of incorporation; 

  

	 	(2)	It has the power to own its assets and to carry on its business as it is being conducted; 

  

	 	(3)	The obligations expressed to be assumed by it in this Contract are legal, valid, binding and enforceable obligations; 

  

	 	(4)	It has the power to enter into, perform and deliver, and has taken all necessary action to authorize its entry into and performance of this Contract and the transactions contemplated by this Contract; and

  

	 	(5)	All Authorisations required or desirable (a) to enable it lawfully to enter into, exercise its rights and comply with its obligations under this Contract, and (b) to make this Contract admissible in evidence
in its jurisdiction of incorporation have in each case been obtained or effected and are in full force and effect. 

 The
representations made in this Clause 25.3 are made by Seller on the date of execution of this Contract and on each Delivery Date. 

  
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 Execution version 

 

	25.4	Buyer represents to Seller that, at the date of execution of this Contract and on each Delivery Date: 

  

	 	(1)	It is a corporation, duly incorporated and validly existing under the law of its jurisdiction of incorporation; 

  

	 	(2)	It has the power to own its assets and to carry on its business as it is being conducted; 

  

	 	(3)	The obligations expressed to be assumed by it in this Contract are legal, valid, binding and enforceable obligations; 

  

	 	(4)	It has the power to enter into, perform and deliver, and has taken all necessary action to authorize its entry into and performance of this Contract and the transactions contemplated by this Contract; and

  

	 	(5)	All Authorisations required or desirable (a) to enable it lawfully to enter into, exercise its rights and comply with its obligations under this Contract, and (b) to make this Contract admissible in evidence
in its jurisdiction of incorporation have in each case been obtained or effected and are in full force and effect. 

 The
representations made in this clause 25.4 are made by Buyer on the date of execution of this Contract and on each Delivery Date. 

  
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	26  -	ASSIGNMENT OF CONTRACT 

  

 
  

	26.1	This Contract is not assignable in whole or in part without the prior written consent of the other party except; 

  

	 	26.1.1	Buyer may assign its rights to purchase the Aircraft for the purpose of financing of the Aircraft, in whole or in part, provided, however, that Buyer so notifies Seller in writing in advance, and such assignment is
subject to the limitations of this Contract; 

  

	 	26.1.2	Assignment of Warranties, Product Support, Training and other rights and obligations to the Operator. 

Buyer intends to lease each of the Aircraft to the Operator. In connection with the lease of the Aircraft, Seller hereby consents that Buyer
assigns to the Operator its rights and obligations relating to any Used Aircraft as well as to any warranties, guarantees, spare parts procurement, technical publications, technical assistance, training and other product support services, including
but not limited to the following Clauses and Appendixes, provided however that such assignment shall not incur obligations for Seller in addition to the obligations under this Contract: 

 

	 	•	 	Clause 16 (Customer Support Services, Guarantees and Warranties) 

  

	 	•	 	Clause 18 (Interim Aircraft) 

  

	 	•	 	Appendix D (Spare Parts Procurement) 

  

	 	•	 	Appendix E (Warranties) 

  

	 	•	 	Appendix F (Technical Publications) 

  

	 	•	 	Appendix G (Engineering Assistance) 

  

	 	•	 	Appendix H (Start-Up Team) 

  

	 	•	 	Appendix I (Field Service) 

  

	 	•	 	Appendix J (Training) 

  

	 	•	 	Appendix L (Performance Guarantee) 

  

	 	•	 	Appendix M (Dispatch Reliability Guarantee) 

 Such assignment will be accomplished by a
tripartite agreement entered into by and between Seller, Buyer and the Operator. Pursuant to any such assignment, the Operator shall be bound to the same confidentiality provisions as the Buyer with respect to disclosure and reproduction of all
technical data, documents and information supplied by or on behalf of Seller. 

  
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	 	26.1.3	Seller may assign in whole or in part any of its rights to receive money hereunder; and 

  

	 	26.1.4	Seller’s interest in this Contract shall be assignable in pursuance of any merger, consolidation or re-organisation or voluntary sale or transfer of all or substantially all Seller’s assets. 

 

	26.2	Notwithstanding any assignment of this Contract under clause 26.1.1 or 26.1.2, Buyer shall remain fully liable to Seller to perform all the obligations and duties of Buyer hereunder and the exercise by any assignee of
any of the rights assigned shall not release Buyer from any of its duties or obligations to Seller under this Contract, save to the extent that such exercise by the assignee shall constitute performance of such duties and obligations.

  

	26.3	Notwithstanding any assignment of this Contract under clause 26.1.3 or 26.1.4, Seller shall remain fully liable to Buyer to perform all the obligations and duties of Seller hereunder and the exercise by any assignee of
any of the rights assigned shall not release Seller from any of its duties or obligations to Buyer under this Contract, save to the extent that such exercise by the assignee shall constitute performance of such duties and obligations.

  
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	27 -	APPLICABLE LAW & ARBITRATION 

  

 
  

	27.1	Governing Law 

 Pursuant to and in accordance with Section 5-1401 of the New York General
Obligations Law, the parties hereto agree that this Contract in all respects shall be governed by, and construed in accordance with, the laws of the State of New York, U.S.A. as applied to contracts to be performed wholly within the State of New
York (Exclusive of Section 7-101 of the New York General Obligations Law which is inapplicable to this Contract). 
  

	27.2	Arbitration 

  

	 	27.2.1	Any dispute (a “Dispute”) arising out of or in connection with this Contract (including a dispute regarding the existence, validity or termination of this Contract or the consequences of its nullity) shall be
referred to and finally resolved by arbitration under the Rules of Arbitration of the International Chamber of Commerce (ICC) (the “Rules”), which Rules are deemed to be incorporated by reference into this arbitration agreement.

  

	 	27.2.2	The arbitral tribunal shall consist of three (3) arbitrators. The seat of arbitration shall be New York, U.S.A. All hearings shall take place in New York, New York and the language of the arbitration shall be
English. 

  

	 	27.2.3	The governing law of this arbitration agreement shall be the substantive laws of the State of New York, U.S.A. 

  
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	28 -	NOTICES 

  
  

 

	28.1	Any notices to be served hereunder may be addressed in the case of Seller: 

  

					
	By post to	  	Avions de Transport Regional
		
		  	 1 Allée Pierre Nadot
 31712
Blagnac Cedex
 France

			
		  	Attention:	  	Senior Vice President Commercial
		
	By facsimile to +33 5 6221 6336	  	
			
	By email to:	  	contracts@atr.fr	  	
		
	and in the case of Buyer:	  	
		
	By post to	  	Canela Investments LLC
		
		  	c/o Azul Linhas Aéreas Brasileiras S/A
		
		  	 Alameda Surubiju, 2010
 Alphaville
Industrial, Barueri
 Sao Paulo
 Brazil

			
		  	Attention:	  	Vice President / Legal Director
		
	By facsimile to +55 11 4134 9890	  	
		
	By email to:	  	contratos@voeazul.com.br

  

	28.2	All notices and requests required or authorised hereunder shall be given in writing either by personal delivery to an Authorised Representative of the party to whom the same is given or by registered mail (return
receipt requested) or by facsimile and the date upon which any such notice or request is so personally delivered or if such notice or request is given by facsimile, the date upon which it is received by the addressee shall be deemed to be the
effective date of such notice or request, provided that the sender has received oral or written confirmation from the recipient that all pages of the notice or request were received in legible form. Advance copies may however be delivered by email
to the electronic addresses set forth above. 

  

	28.3	All notices, communications and documents to be given under this Contract shall be in English. If they are not in English, they must be given with a certified English translation. If there is any difference between the
English version of any notices given or to be given in connection herewith and any version in any other language, the English version will apply. 

  
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 EXECUTION PAGE 
  

 
 IN WITNESS WHEREOF the parties have signed this
Contract in two (2) original copies in the English language on the date first above written, each party acknowledging receipt of one such copy. 
  

			
	For and on behalf of:
	CANELA INVESTMENTS LLC
		
	Signature:	 	 /s/ Gerald B. Lee

		
	Name:	 	Gerald B. Lee
	Title:	 	Managing Director
	Date:	 	14/12/2010
	
	For and on behalf of:
	AVIONS DE TRANSPORT REGIONAL
		
	Signature:	 	 /s/ Filippo Bagmato

		
	Name:	 	Filippo Bagmato
	Title:	 	CEO HTR
	Date:	 	14/12/2010

  
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 APPENDIX A 

SPECIFICATION 
  

 
 The ATR 72-600 Technical Specification DO/T
3864/07 dated May 2008 is issued as a separate document. It is amended in accordance with the following list. 
  

	1	ATR 72-600 TECHNICAL SPECIFICATION – DO/T 3864/07 DATED MAY 2008 

  

	  	[*****] 

  
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redacted and filed separately with the Securities and Exchange Commission. 
  

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 [*****] 
  

 

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

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 [*****] 

  
 [*****] Confidential material
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 APPENDIX B 

[*****] 
  

 
  

			
	Delivery Month	  	[*****]
		
	July 2010	  	[*****]
		
	October 2011	  	[*****]
	November 2011	  	[*****]
	December 2011	  	[*****]
	January 2012	  	[*****]
	February 2012	  	[*****]
	March 2012	  	[*****]
	April 2012	  	[*****]
	May 2012	  	[*****]
	June 2012	  	[*****]
	July 2012	  	[*****]
	August 2012	  	[*****]
	September 2012	  	[*****]
	October 2012	  	[*****]
	November 2012	  	[*****]
	December 2012	  	[*****]
	January 2013	  	[*****]
	February 2013	  	[*****]
	March 2013	  	[*****]
	April 2013	  	[*****]
	May 2013	  	[*****]
	June 2013	  	[*****]
	July 2013	  	[*****]
	August 2013	  	[*****]
	September 2013	  	[*****]
	October 2013	  	[*****]
	November 2013	  	[*****]
	December 2013	  	[*****]
	January 2014	  	[*****]
	February 2014	  	[*****]
	March 2014	  	[*****]
	April 2014	  	[*****]
	May 2014	  	[*****]
	June 2014	  	[*****]
	July 2014	  	[*****]
	August 2014	  	[*****]
	September 2014	  	[*****]
	[*****]	  	

  
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	Delivery Month	 	[*****]
		
	[*****]	 	[*****]

  
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 APPENDIX C 

LIST OF DOCUMENTS EXCHANGED AT AIRCRAFT ACCEPTANCE 
  

 
  

	1	CERTIFICATES 

  

	 	1.1	Type airworthiness certificate 

  

	 	1.2	Type certificate of nuisance limitation 

  

	 	1.3	Airworthiness Certificate for Export 

  

	 	1.4	Noise limitation certificate for export 

  

	 	1.5	Certificate of radio compliance for export 

  

	 	1.6	Non registration and non mortgage certificate 

  

	 	1.7	Temporary permit to fly (unless not granted by Civil Aviation Authority) 

  

	2	TECHNICAL DOCUMENTATION 

  

	 	2.1	ATR 72-600 Specification 

  

	 	2.2	Design standard SCN / Option list 

  

	 	2.3	Aircraft Modification List 

  

	 	2.4	Aircraft Inspection Report 

  

	 	2.5	Airworthiness Directives Compliance Check List 

  

	 	2.6	Aircraft Component List (sorted by ATA chapter) – CD / Hard Copies 

  

	 	2.7	Log Books 

 Aircraft Log Book 

Engine Log Books (LH—RH) 
  

	 	•	 	Turbomachine (LH—RH) 

  

	 	•	 	Gearbox reduction (LH—RH) 

  

	 	•	 	List of engines components (RH—LH) 

  

	 	•	 	List of Service Bulletins embodied on Engines (LH—RH) 

 Propellers Log Books (LH—RH)

 Landing Gear Log Book 
  

	 	•	 	Main (LH—RH) 

  

	 	•	 	Nose 

 Batteries Log Books 

 

	 	2.8	Loose / emergency equipment list 

  

	 	2.9	Weight and balance report 

  

	 	2.10	Commitment Letter (if any) 

  

	 	2.11	Technical Publications 

  
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 APPENDIX D 

SPARE PARTS PROCUREMENT 
  

 
 CONTENTS 

 

	1	GENERAL 

  

	 	1.1	Preamble 

	 	1.2	Support Period 

	 	1.3	Warranties 

  

	2	INITIAL PROVISIONING 

  

	 	2.1	Initial Provisioning Purchase Orders 

	 	2.2	Initial Provisioning Data 

	 	2.3	Initial Provisioning Conference 

	 	2.4	Initial Provisioning Ordering & Delivery 

	 	2.5	Initial Provisioning Investment Forecast 

	 	2.6	Initial Provisioning Investment Buy-Back 

  

	3	INVENTORY 

  

	 	3.1	General 

  

	4	RE-PROVISIONING 

  

	 	4.1	General 

	 	4.2	AOGs 

	 	4.3	Critical/Routine Orders 

  

	5	PACKAGING 

  

	6	DELIVERY 

  

	7	PRICING 

  

	 	7.1	Seller’s Price Catalogue 

	 	7.2	Quotations 

	 	7.3	Cancellation Charges 

  

	8	PAYMENT AND TRANSFER OF TITLE 

  

	9	SPARES SERVICES 

  

	 	9.1	Standard Exchange and Repair Services 

	 	9.2	Lease Service 

 EXHIBIT A: SPARE PARTS SERVICES 

  
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	1	GENERAL 

  

	1.1	Preamble 

 This Appendix D describes the terms and conditions of the support that will be
provided by Seller (or a designated partner) to Buyer in respect of the spares falling into the following spares’ usage categories: 

UC 1:   Manufacturer proprietary items (“Proprietary Items”) 

UC 2:   Vendors units (“Vendors Units”) 

UC 7:   Vendors units’ breakdown parts (“Vendors’ Breakdown Parts”) 

UC 8:   Modification Kits 

UC 9:   Repair Kits 
 It
shall be noted that Aviation Logistics shall provide spare support for spares falling into the following spares’ usage categories: 

UC 3:   Hardware and standard items (“Hardware”) 

UC 5:   Raw and bulk materials (“Raw & Bulk Materials”) 

UC 6:   Ingredients (“Ingredients”) 

It shall be also noted the ECA Sinters shall provide spare support for spares falling into the following spares’ usage category: 

UC 4:   Tools, test and ground support equipment (“GSE”) 

Should Buyer request so, GSE and tooling shall be furnished through ATR by ECA Sinters. 

 

	1.2	Support Period 

 During a period commencing with the date hereof and continuing as long as at
least [*****] aircraft of the ATR model are operated in commercial air transport service (the “Support Period”), Seller will maintain or have maintained a reasonable stock as defined in Clause 3 of this Appendix and will furnish
interchangeable and/or equivalent products adequate to meet Buyer’s needs for repairs and replacements on all Aircraft of the above mentioned model. Such spares will be sold and delivered with reasonable promptness upon receipt of Buyer’s
orders. 
 Seller shall use its best efforts to obtain a similar service from all Vendors for ATR parts that are originally installed on
Aircraft and not manufactured by Seller. 
  

	1.3	General Terms & Conditions 

 Unless otherwise stated herein, the general sales
conditions applicable to spares sales and spares support and services are detailed in the “ATR Terms and Conditions of Sales of Goods and Services”, available on-line or on Seller’s support web site. 

  
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	2	INITIAL PROVISIONING 

  

	2.1	Initial Provisioning Purchase Orders 

 Buyer’s purchase orders of spares addressed to
Seller shall be considered as initial provisioning purchase orders (“IP Purchase Orders”) provided they are received by Seller within [*****] following the delivery of any Aircraft or Used Aircraft. All spares delivered pursuant to such IP
Purchase Orders shall be considered as initial provisioning spare parts package (“IP Spares”). 
  

	2.2	Initial Provisioning Data 

 Initial provisioning data (“IP Data”) for both the
Aircraft and the Used Aircraft shall be furnished by Seller to Buyer as soon as available in the form of listing or computer file providing Buyer with the necessary evaluation time and allowing the on-time delivery of the IP Spares. 

Seller shall prepare and furnish to Buyer the following data in the English language. 

 

	 	2.2.1	Seller’s Data 

 Seller will provide to Buyer the following: 

 

	 	(i)	A list of long lead time items and main components of the Aircraft and Used Aircraft as advanced data, on hard copy at a time to be mutually agreed; 

 

	 	(ii)	A complete initial provisioning recommendation that includes Proprietary Items, Vendors Units, Hardware and Ingredients at the IP Conference (as defined below); and 

 

	 	(iii)	A customised recommendation of GSE and Raw & Bulk Material as required for the maintenance of the Aircraft and maintenance of the Used Aircraft. 

 

	 	2.2.2	IP Data compliance and configuration guarantee 

 Seller shall ensure that its IP Data supplied
to Buyer shall comply with the latest certification standard of the Aircraft or with the specification of the Used Aircraft and that said data will allow spares’ orders consistent with the status of the parts installed on Buyer’s Aircraft
or Used Aircraft. 
 This provision shall not cover the parts incorporated on Buyer’s Aircraft or Used Aircraft as a consequence of
Buyer’s modifications unknown to Seller and not designed nor agreed by Seller. 
  

	 	2.2.3	Cross reference / interchangeable parts listing 

 Seller shall also supply to Buyer a list of
cross reference/interchangeable parts including hardware, sealant, adhesives, and electrical connectors. Such listing shall cross reference parts to standard aeronautical (“AN”), military (“MS”) or other norms. 

  
 [*****] Confidential material
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	2.3	Initial Provisioning Conference 

 Seller shall organise on Buyer’s request an initial
provisioning conference (the “IP Conference”) for the purpose of preparing the initial provisioning of spare parts to Buyer. The IP Conference will take place at Seller’s premises or at any other mutually agreed location as early as
possible after execution of this Contract. 
  

	2.4	Initial Provisioning Ordering & Delivery 

  

	 	2.4.1	Buyer’s IP Purchase Orders shall be placed no later than [*****] following the IP Conference. 

  

	 	2.4.2	In order to ensure the operation of Buyer’s Aircraft, and subject to the IP Purchase Orders being placed as mentioned here above, Seller shall deliver the IP Spares relating to the Aircraft and included in the
initial provisioning as follows: 

  

	 	(i)	At least [*****] of the quantities of each item ordered for each block of Aircraft (a block of Aircraft being defined as [*****] Aircraft to be delivered in sequence), one [*****] prior to delivery of the first Aircraft
of each such block of Aircraft to Buyer. 

  

	 	(ii)	[*****] of the quantities of each item ordered for each block of Aircraft (the “IP Block”) [*****] after the delivery of the first Aircraft of each such block of Aircraft to Buyer. 

In the event that, [*****] after the delivery of the first Aircraft of each such block of Aircraft to Buyer, less than [*****] of IP Block
relating to each such block of Aircraft is delivered by Seller to Buyer, then Seller shall provide Buyer with a credit equal to (i) [*****] minus [*****] of the IP Block relating to each such block of Aircraft delivered by Seller to Buyer, up to a
maximum of [*****] multiplied by the (ii) aggregate value of the undelivered portion of the IP Block ordered by the Buyer. 
  

	 	2.4.3	Seller shall ensure that during the Initial Provisioning phase, the parts manufactured by Seller or its subcontractors shall be supplied in conformity with the latest configuration standard of the Aircraft. Otherwise,
Seller or its subcontractors shall replace such items at [*****]. 

  

	2.5	[*****] 

  
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 [*****] 

  
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 [*****] 
  

	3	INVENTORY 

 Seller undertakes to keep a sufficient inventory of spare parts in its own stores,
including spare parts as defined in Clause 1.1 of this Appendix D, and shall supply interchangeable and/or alternate items to meet the demand and shipping schedule requirements made known by Buyer for replacement or repair purposes. 

 

	4	RE-PROVISIONING 

  

	4.1	General 

 Seller shall support Buyer’s re-provisioning orders of spare parts from its
spares centres. 

  
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	4.2	AOGs 

 Seller will provide a twenty-four (24) hours per day, seven (7) days a
week emergency service, inclusive of holiday periods, to allow the supply of the concerned spare part(s) available in Seller’s stores, workshops and production line, including high-cost/long lead time spare parts. 

Seller will respond to Buyer’s AOG notice within [*****] after receipt of an AOG order and ship (ex-works) from its warehouse within
[*****]. 
  

	4.3	Critical / Routine Orders 

  

	 	4.3.1	Critical Orders 

 Seller will respond to Buyer’s critical order within [*****] and will
endeavour to ship (ex-works) from its warehouse the parts within [*****] lead-time. 
  

	 	4.3.2	Routine Orders 

 Seller will respond to Buyer’s routine order within [*****] and will
endeavour to ship (ex-works) from its warehouse the parts within [*****] lead-time. 
  

	 	4.3.3	Slow moving items sourced by Seller on a back to back order basis: [*****] from the date of receipt of the order. 

  

	 	4.3.4	Other items (insurance items, modification kits...) will be quoted upon request. 

 Exact
delivery lead-time will be confirmed to Buyer upon acknowledgement of his order and will supersede any previous information. 
  

	5	PACKAGING 

  

	5.1	All prices shall include packaging according to ATA SPEC 300 category 3 or category 2 (as appropriate). Seller shall provide for spare parts if so requested by Buyer with an order packaging according to ATA SPEC 300
category 1 at cost price less Seller’s cost for category 2 packaging. Seller accepts the burden of proof of proper packaging of spare parts shipped to Buyer. 

 

	5.2	Seller shall include in and fasten outside all shipping containers either packaging cards prepared in accordance with ATA SPEC 200 or packaging sheets at Buyer’s choice. Seller shall also include in the container
copy of the pro-forma invoice for customs clearance. 

  

	6	DELIVERY 

  

	6.1	All shipment of new and used parts must be accompanied by documentation substantiating their condition such as EASA form one / FAA 8130-3 / Certificate of Conformity / test reports (as applicable), and with respect to
life limited parts, time since installation (TSI), time since overhaul (TSO) and time since new (TSN). 

  
 [*****] Confidential material
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	6.2	Should the Buyer find damage or functional faults affecting the delivered part, or deviations from the purchase order specification, Buyer shall be entitled to return subject part within (30) days after receipt at
Seller’s or its subcontractor’s expense. 

  

	6.3	Late Delivery 

  

	 	6.3.1	In the event of a delay in delivery of any spare part other than a structural part (ATR Proprietary Item) beyond the timeframe provided in Section 4.2 and 4.3.1 of this Appendix D and such delay is not due not an
Excusable Delay, the provisions of this Clause 6.3 shall apply. 

  

	 	6.3.2	Subject always to 6.3.1 above, if Seller does not deliver a spare part within the timeframe provided in Section 4.2 and 4.3.1 of this Appendix D, Seller shall issue to Buyer a credit equal to [*****] of the spare
part purchase price for every additional day beyond the timeframe provided in Section 4.2 and 4.3.1 of this Appendix D, such amount to be capped at [*****] of the spare parts purchase price. 

 

	 	6.3.3	In addition to the delay remedies provided in 6.3.2 above, if a spare part relating to an AOG notice is not shipped within the guidelines set forth in Clause 4.2 of this Appendix D, Seller shall issue to Buyer a credit
equal to [*****] of the purchase price of the spare part for every [*****] the part is delayed before shipment to Buyer, such amount to be capped at [*****] of the spare parts purchase price, provided always that the number of spare parts purchased
by Buyer to Seller on an AOG basis does not exceed [*****] of the total number of spare parts purchased by Buyer to Seller. 

  

	 	6.3.4	The damages as set forth in Sections 6.2.2 and 6.2.3 of this Appendix D shall be paid by Seller only if : 

  

	 	(i)	Buyer has ordered from Seller to the mutually agreed quantities and at the mutually agreed dates as specified in the Initial Provisioning Conferences, and has kept at all times an on-site stock of spare part comparable
in terms of value and quantities to the on-site stock value and quantities agreed during the Initial Provisioning Conferences (subject to any adjustment pursuant to Clause 2.5 of this Appendix D); or 

 

	 	(ii)	Buyer has placed routine orders within published lead times. 

  

	7	PRICING 

 The provisions contained in this Clause 6 will apply to both initial provisioning and
re-provisioning orders. 
  

	7.1	Seller’s Price Catalogue 

 Price for Proprietary Items, Vendors Units or other spare parts
will be provided directly through the ATR support web site (the “Spare Parts Catalogue”). 

  
 [*****] Confidential material
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 Spare Parts Catalogue prices shall be effective at the date of issue of each year. However,
ATR reserves the right to increase or decrease said Spare Parts Catalogue prices during that one (1) year period in case of significant and justified error in the published price of an item in the Spare Parts Catalogue or, in particular for the
Non Proprietary Items, in case of change of price from the Vendor or supplier. 
 Every year, upon: 

 

	 	•	 	Application of specific indexation mechanism included in each suppliers contract, 

  

	 	•	 	Negotiations performed with vendors, 

  

	 	•	 	Feedback information from ATR customer base and suppliers network, 

  

	 	•	 	World wide spares market assessment, 

 ATR will ensure that the variations applied to its
pricing policy remain in line with the variations applied during the year in the regional aircraft market. 
 All prices listed in ATR Spare
Parts Catalogue are expressed in Dollars or Euros on ex-works basis (Incoterms 2000 definition), and exclusive of all taxes and duties. 
  

	7.2	Quotations 

 Prices for items not published in the Spare Parts Catalogue will be quoted within
[*****] for procurable items (items having a part number) and [*****] for non-procurable items (items not having a part number) from Buyer’s request for quotation. Seller shall provide service bulletin kit prices within [*****] from service
bulletin approval. 
  

	7.3	AOG or Expediting Fees 

 Buyer shall not be bound to pay any AOG or expediting fee of any kind
for AOG spare parts orders. 
  

	7.4	[*****] 

  

	7.4.1	[*****] 

  

	7.4.2	[*****] 

  
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 [*****] 

  
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 [*****] 
  

	7.5	Cancellation charges 

 In the event Buyer elects to cancel a spare parts order already received
by Seller, Seller may, at its discretion, charge Buyer a cancellation fee for refusing to take delivery of all or part of the goods according to the figures set out in this Clause 7.5. 

The cancellation charges that Seller is entitled to recover are expressed as a percentage or the total of the then current brand new price of
the spares covered by the order, which percentage is depending on the elapsed time from the order date as set out below: 
  

	 	•	 	If the order is cancelled between [*****] days before the estimated delivery date, then [*****] of the amount of the order will be charged to Buyer 

 

	 	•	 	If the order is cancelled between [*****] days before estimated delivery date, then [*****] of the amount of the order will be charged to Buyer 

 

	 	•	 	If contract is cancelled between [*****] days before estimated delivery date, then [*****] of the amount of the contract will be charged to Buyer 

 

	 	•	 	If the order is cancelled [*****] days or more before estimated delivery date, then [*****] cancellation charges will apply 

  
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	8	PAYMENT AND TRANSFER OF TITLE 

  

	8.1	Payment shall be made by Buyer to Seller within [*****] from the date mentioned on the invoice or invoice statements. 

In the event of any delayed payment under this Appendix C, Seller is entitled to damages from Buyer at the default rate as per article 6.7 of
this Contract. These damages will be calculated from the [*****] after the date mentioned on the invoice or invoice statements until the date payment is received by Seller and will be applicable to any outstanding amount due by Buyer to Seller. 

 

	8.2	Property in and title to the spares parts will not pass to Buyer until the relevant price is fully paid to Seller. 

  

	9	SPARES SERVICES 

  

	9.1	Standard Exchange and Repair Services 

 A standard exchange and repair service will be provided
by Seller for some overhaulable / repairable items including Vendors Units and Airframe parts listed in Exhibit A to this Appendix D. The applicable conditions will be set forth in the spares support and services catalogue as published on ATR
support website and/or in separate documents, as applicable. 
  

	9.2	Lease Services 

 A lease service will be provided by Seller and shall apply to: 

 

	 	(i)	Airframe parts listed hereto as Exhibit A to this Appendix 

  

	 	(ii)	Components listed in the spares support & services catalogue as published on ATR support website. 

The applicable terms and conditions will be set forth in the spares support & services catalogue and/or in separate documents, as
applicable. 

  
 [*****] Confidential material
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 EXHIBIT A TO 

APPENDIX D—CLAUSE 9 
 SPARE
PARTS SERVICES 
 List of Insurance Items eligible for repair, lease or standard exchange: 

 

	•	 	DOOR ASSY ENTRY 

  

	•	 	DOOR ASSY HATCH 

  

	•	 	DOOR ASSY EMERGENCY 

  

	•	 	DOOR ASSY CARGO 

  

	•	 	DOOR ASSY SERVICE 

  

	•	 	DOOR ASSY LH LANDING GEAR 

  

	•	 	DOOR ASSY RH LANDING GEAR 

  

	•	 	ELEVATOR LH WITH TABS 

  

	•	 	ELEVATOR RH WITH TABS 

  

	•	 	RUDDER ASSY 

  

	•	 	TAIL CONE ASSY 

  

	•	 	AIR INTAKE DUCT 

  

	•	 	AIR INLET STRUCTURE 

  

	•	 	LEADING EDGES 

  

	•	 	FLAPS ASSY INBOARD 

  

	•	 	FLAPS ASSY OUTBOARD 

  

	•	 	AILERON ASSY LH 

  

	•	 	AILERON ASSY RH 

  

	•	 	SPOILER LH 

  

	•	 	SPOILER RH 

  

	•	 	ENGINE MOUNT ASSY 

  

	•	 	ENGINE COWLS 

  

	•	 	ENGINE NACELLE FAIRING 

  
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 APPENDIX E 

WARRANTIES 
  

 
  

	1	SELLER’S WARRANTY 

  

	1.1	Seller’s Warranties on Aircraft 

 Subject to Clause 1.4 (Warranty Period), 1.5
(Exclusions) and 2 (Vendor Warranties) hereof, Seller warrants to Buyer that each Aircraft shall, at the time of its delivery to Buyer: 
  

	 	(i)	Be free from defects in material; 

  

	 	(ii)	Be free from defects in workmanship (including processes of manufacture); 

  

	 	(iii)	Be free from defects in design (including selection of materials) having regard to the state of the art at the date of its design; and 

 

	 	(iv)	Be free from defects arising from failure to conform to the Specification of the Aircraft, except to those portions of the Specification where it is expressly stated that they are estimates, approximations or design
aims. 

  

	1.2	Seller’s Warranties on Seller Parts 

 Subject to Clause 1.4 (Warranty Period) and
Clause 1.5 (Exclusions) hereof, Seller warrants to Buyer that each Seller Part shall, at the time of delivery of the Aircraft to Buyer: 
  

	 	(i)	Be free from defects in material; 

  

	 	(ii)	Be free from defects in workmanship (including processes of manufacture); 

  

	 	(iii)	Be free from defects in design (including selection of materials) having regard to the state of the art at the date of its design; and 

 

	 	(iv)	Be free from defects in its installation in the Aircraft. 

  

	1.3	Seller’s Warranties on Vendor Parts 

 1.3.1 Subject to Clause 1.4 (Warranty Period)
and Clause 1.5 (Exclusions) hereof, Seller warrants to Buyer that each Vendor Part shall, at the time of delivery of the Aircraft to Buyer: 
  

	 	(i)	Be free from defects in its installation in the Aircraft; 

  

	 	(ii)	Be suitable for its intended use; and 

  

	 	(iii)	Be installed in such a manner as not to invalidate any Vendor Warranties. 

  
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	1.4	Warranty Period 

 Seller’s Warranties shall be limited to those defects that become
apparent within: 
  

	 	•	 	For the warranty in respect of defects in design, [*****] months; and 

  

	 	•	 	For the warranty in respect of other defects, [*****] months or [*****] (whichever shall first expire) 

after delivery of the Aircraft (the “Seller’s Warranty Period”) 

 

	1.5	Exclusions 

  

	 	1.5.1	Buyer’s rights under Seller’s Warranties are subject to the Aircraft and Seller Parts being maintained, overhauled, repaired and operated in accordance with instructions issued by Seller, or with the
instructions issued or approved by Buyer’s Airworthiness Authorities. 

  

	 	1.5.2	Seller’s liability under Seller’s Warranties shall not extend to fair wear and tear nor to: 

  

	 	(i)	Any Aircraft or Seller Part which either (a) has been repaired, altered or modified after delivery except by Seller or in a manner approved or authorised by Seller or (b) which has not been properly serviced
or maintained as required under the Manuals, Technical Publications or by relevant aviation authorities; 

  

	 	(ii)	Any Aircraft or Seller Part which has been operated by Buyer in its damaged state subsequent to its involvement in an accident (except during the flight on which such damage has occurred), or for any other reason;

  

	 	(iii)	Seller Parts from which the manufacturers’ trade mark, name, serial number or other identification marks have been removed; and 

 

	 	(iv)	Conditions resulting from the acts or omissions of Buyer. 

  

	1.6	Administration of Seller’s Warranties on Seller Parts 

 With respect to Seller Parts,
Seller’s Warranties shall be administered as hereinafter provided. 
  

	 	(i)	Should Buyer discover a defect during the Warranty Period that entitles Buyer to make a claim under Seller’s Warranties, Buyer shall within [*****] after such discovery file a Warranty Claim addressed to Seller to
the attention of ATR Customer Support Warranty Desk and shall promptly send to Seller the relevant Seller Part alleged to be defective; 

  

	 	(ii)	All transportation costs, insurance, and any other expenses in connection with return of the defective Seller Part to Seller’s facilities (or to any facility designated by Seller) shall be borne [*****].

  
 [*****] Confidential material
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 All transportation costs, insurance and any other expenses in connection with return of the
Seller Parts repaired under the Seller’s Warranties to Buyer’s main base, shall be borne [*****]; 
  

	 	(iii)	Seller shall at its own expense promptly make all repairs or replacements necessary to make the relevant defective Seller Part comply in all respects with Seller’s Warranties. Seller shall have the sole right to
determine whether the relevant defective Seller Part shall be repaired, overhauled or replaced; 

  

	 	(iv)	If any relevant defective Seller Part cannot be repaired or overhauled economically, Seller shall, at Buyer’s option, either: 

  

	 	(a)	Provide, [*****], a replacement part (having the same or higher value, the same or higher remaining life and the same or higher modification status) within a lead-time of [*****] from the date on which such relevant
defective Seller Part is received at Seller’s premises (or at the facilities designated by Seller); or 

  

	 	(b)	Extend a corresponding credit to Buyer for Buyer’s future purchase of parts, 

 and the
relevant defective Seller Part shall without further act become the property of Seller; 
  

	 	(v)	All warranty repairs, overhauls and corrections will be at Seller’s expense provided Seller or its representative accepts that the claim is subject to the Seller’s Warranties; 

 

	 	(vi)	Warranty Claim determination will be reasonably based upon reports from Seller’s regional or on site representative, historical data logs, inspection, tests and findings during repair and failure analysis;

  

	 	(vii)	Seller shall have the right to inspect, without unreasonably interfering with Buyer’s operations, the Aircraft and relevant documents and other recognised records in the event of any claim under this Clause;

  

	 	(viii)	If Seller Parts which are sent to Seller under warranty consideration are found to be in a “No Fault Found” status, Seller shall notify Buyer and Buyer shall refund to Seller its transportation costs and
reasonable test charges; 

  

	 	(ix)	The unexpired portion of the original warranty shall apply to any Seller Part replaced or repaired under this Clause. 

  

	1.7	Ferry of Aircraft 

 In the event that Buyer desires to ferry an Aircraft to Seller’s
premises or other agreed location for consideration of a Warranty Claim, Buyer will notify Seller of its intention and Seller will before such ferry have the right to inspect such Aircraft. Seller shall thereafter promptly make all repairs or
replacements necessary under any valid Warranty Claim to make the relevant defective Seller Part comply in all respects with Seller’s Warranties, subject always to the provisions of Clause 1.6 of this Appendix D. 

  
 [*****] Confidential material
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	1.8	On-Aircraft Work By Seller 

 Repairs or correction under a Warranty Claim may justify the
dispatch by Seller of a working team to make such repair or correction through the accomplishment of a Seller Service Bulletin at Buyer’s facilities. Seller and Buyer will agree on a schedule and place for such work to be performed, Seller
shall thereafter promptly make all repairs or replacements necessary under any valid Warranty Claim to make the relevant defective Seller Part comply in all respects with Seller’s Warranties, subject always to the provisions of Clause 1.6 of
this Appendix. 
  

	1.9	In-house Warranty 

 After previous approvals in writing from Seller or its representative at
Buyer’s base (which approval shall not be unreasonably withheld), Buyer may be authorised to perform, subject to the terms of the Seller’s Warranties and the terms hereof, the repair of Seller Parts covered by the Seller’s Warranties
“in-house”. Seller’s representative has the right to request return shipment of removed Seller Parts, if the nature of the failure requires technical investigation. 

Seller’s representative shall further have the right to be present during the disassembly and inspection of the defective Seller Parts.
Buyer shall repair or correct such parts in accordance with Seller’s instructions. 
 In such event, Buyer shall file a Warranty Claim
within [*****] after discovery of a defect for which Seller’s Warranties apply, along with a statement of the labour cost expended plus the cost of the material required for repair at current catalogue prices whereupon Seller shall promptly pay
to Buyer such amount. Alternatively, Buyer may elect to request Seller to credit to its account in an amount equal to the [*****] at current catalogue prices. 

The man-hours authorised for “in-house” repair of any item by Buyer shall be based on [*****] provided that the man-hours expended
are not otherwise required for maintenance work currently being carried out on the Aircraft or other unrelated items. 
 For the purpose of
this clause, the warranty labour rate shall be [*****] of Buyer’s average direct hourly labour rate. For this purpose, “average direct hourly labour rate” means the average hourly rate (excluding all fringe benefits, premium time
allowances, social charges, business taxes and the like) paid to Buyer’s employees whose jobs are directly related to the performance of the repair or modification. Prior to or concurrent with submission of Buyer’s first claim for labour
reimbursement hereunder, Buyer shall notify Seller of Buyer’s then current average direct hourly labour rate, and thereafter Buyer shall promptly notify Seller of any significant change in such rate. If requested, Buyer shall furnish to Seller
such data as may be reasonably required to substantiate such rate. 
 In no case will reimbursement be made to Buyer for repair costs
including labor and material in excess of those which would have resulted if repairs had been carried out at Seller’s facilities. The labour cost to be credited by Seller as aforesaid shall account for: 

 

	 	•	 	Fault Location 

  
 [*****] Confidential material
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	 	•	 	Disassembly, 

  

	 	•	 	Repair, 

  

	 	•	 	Reassembly, 

  

	 	•	 	Final inspection and test. 

 Claims for “in-house” Warranty credit shall be in
accordance with the format of a Warranty Claim and will include the additional following data: 
  

	 	•	 	Part number of parts 

  

	 	•	 	Serial Number of parts 

  

	 	•	 	Description of parts 

  

	 	•	 	Quantity of parts, 

  

	 	•	 	Unit price of parts, 

  

	 	•	 	Total price of parts, 

  

	 	•	 	Total labour hours, 

  

	 	•	 	Total claim value. 

 If a part has a malfunction and is rectified by Buyer within the Warranty
Period after previous approval from Seller or Seller’s representative, Seller shall be responsible only for the portion of rectification cost related to the malfunction, in accordance with the material and man-hour prices as previously defined.

 Buyer shall retain failed defective parts for a period of [*****] after the date of completion of repair. At Seller’s request, such
parts are to be returned to Seller’s designated facilities, within [*****] from receipt of such request. 
  

	2	VENDOR WARRANTIES 

  

	 	2.1	Vendor Warranties on Vendor Parts 

  

	 	2.1.1	Prior to the delivery of the Aircraft, Seller shall obtain from each Vendor enforceable warranties covering defects in material, workmanship and design (the “Vendor Warranties”) in respect of the Vendor Parts.
Seller warrants that Buyer will be entitled to the benefit thereof in accordance with the terms and conditions of the Vendor Warranty Manual. 

Seller shall, at the time of delivery of the Aircraft, supply to Buyer the Vendor Warranty Manual detailing the warranties that are available
to Buyer in respect of Vendor Parts. 
 The Vendor Warranties shall be administered in accordance with the terms of the Vendor Warranty
Manual. Buyer shall address any claim arising under the Vendor Warranties directly to the appropriate Vendor, and keep Seller informed of the process of its claim. Any Vendor Part claimed to be subject to Vendor Warranties shall be sent directly to
the applicable Vendor 

  
 [*****] Confidential material
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	 	2.1.2	[*****] 

  

	 	2.1.3	Seller shall also [*****] to obtain a [*****] years MTBUR warranty from those Vendors for which the MTBUR guarantees contained in the Vendor Warranty Manual is less than [*****] years. 

 

	2.2	Failure by Vendor to Honour Vendor Warranties 

 In the event that (i) any Vendor, under any
standard warranty obtained by Seller and set out in the Vendor Warranty Manual, defaults in the performance of any material obligation in respect of such standard warranty and (ii) Buyer submits to Seller reasonable proof that such default has
occurred, then Seller’s Warranty shall apply to such defect to the same extent as if it was a defect to a Seller Part. 
 At
Seller’s request, Buyer shall assign to Seller, and Seller shall be subrogated, to all of Buyer’s rights against such Vendor with respect to such defect and arising by reason of such default. 

Any accessory, equipment or part selected by Buyer and installed in an Aircraft at Buyer’s request whether following a request for change
prior to execution of this Contract or following signature of a SCN shall be excluded from this Clause 2.2. 
  

	3	INTERFACE COMMITMENT 

  

	3.1	Interface Problems 

 If Buyer experiences any technical problem in the operation of the Aircraft
or its systems due to malfunction or failure of an accessory, equipment or part, the cause of which, after due and reasonable investigation by Buyer, is not readily identifiable as attributable to the design characteristics of one or more components
of the Aircraft (an “Interface Problem”) Seller shall, if requested by Buyer, and without charge to Buyer, promptly conduct an investigation and analysis of such Interface Problem to determine, if possible, the cause or causes of the
Interface Problem and to recommend such corrective action. Buyer shall furnish to Seller all data and information in Buyer’s possession relevant to the Interface Problem, and shall cooperate with Seller in the conduct of its investigations and
such tests as may be required. At the conclusion of its investigations, Seller shall promptly advise Buyer in writing of Seller’s opinion as to the cause or causes of the Interface Problem and Seller’s recommendations as to corrective
action. 

  
 [*****] Confidential material
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	3.2	Seller’s Responsibility 

 If Seller determines that the Interface Problem is primarily
attributable to a defect in the design of any component manufactured to Seller’s detailed design, Seller shall correct the design of such component, at [*****] to Buyer, to the extent of any then existing obligations of Seller under Seller
Warranty. 
  

	3.3	Vendor’s Responsibility 

 If Seller determines that the Interface Problem is primarily
attributable to a defect in the design of a component not manufactured to Seller’s design, Seller shall, if requested by Buyer, assist Buyer in processing any warranty claim Buyer may have against the manufacturer of such component. Seller
shall also take whatever action is permitted by its contract with such manufacturer in an effort to obtain a correction of the Interface Problem acceptable to Buyer. 
  

	3.4	Joint Responsibility 

 If Seller determines in that the Interface Problem is partially
attributable to a defect in the design of a component manufactured to Seller’s detailed design and partially to a defect in the design of components not manufactured to Seller’s detailed design, Seller shall, if requested by Buyer, seek a
solution to the Interface Problem through the co-operative efforts of Seller and the manufacturers of the other components involved. Seller shall promptly advise Buyer of such corrective action as may be proposed by Seller and such other
manufacturers, such proposal to be consistent with any then existing obligations of Seller and such other manufacturers. 
 If such proposal
is acceptable to Buyer, the proposed action shall be taken. Acceptance by Buyer of such action shall constitute full satisfaction of any claim Buyer may have against either Seller or such other manufacturers with respect to such Interface Problem.

  

	3.5	General provisions for Interface Commitment 

 All requests under this Clause 3 shall be directed
to Seller’s and / or Vendors’ warranty administrators as appropriate. 
 Except as specifically set forth in this Clause 3, this
Clause 3 shall not be deemed to impose on Seller any obligation not expressly set forth elsewhere in this Contract. All reports, recommendations, data and other documents furnished by Seller to Buyer pursuant to this Clause 3 shall be deemed to be
delivered under this Contract and shall be subject to the limitations set forth in this Clause 3. 
  

	4	SERVICE LIFE POLICY 

 In addition to the warranties set forth in Clause 1 (Seller’s
Warranty) and Clause 2.1.2 above, Seller further agrees that should a Failure occur, in any of the Items listed in Exhibit A to this Appendix D, and subject to the general conditions and limitations set forth in Clause 4.4 below, then the
provisions of this Clause 4 shall apply. 

  
 [*****] Confidential material
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	4.1	For the purpose of this Clause 4, the following definitions shall apply: 

  

	 	(i)	“Item” means any of the items of primary structure specified in the Exhibit A hereto, 

  

	 	(ii)	“Failure” means any breakage or defect that impairs the utility and safety or reliability of the Item. 

  

	4.2	Subject to general conditions and limitations set forth in Clause 4.4 below, Seller undertakes that if a Failure occurs in an Item before the Aircraft in which that Item was initially installed has completed [*****]
flying hours or before the Aircraft in which that part is incorporated has completed [*****] landings or within [*****] months after the delivery of said Aircraft to Buyer (whichever shall first occur), Seller shall, at its own discretion, and as
promptly as practicable and at the price hereinafter provided either: 

  

	 	(a)	Design and furnish to Buyer a correction for the Item affected by the Failure and provide any parts required for such correction, or 

 

	 	(b)	Replace such Item. 

  

	4.3	Any Item that Seller is required to furnish to Buyer under this Service Life Policy in connection with correction or replacement of an Item shall be furnished to Buyer at a price determined in accordance with the
following formula: 

 [*****] 

or 
 [*****] 

  
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	4.4	General Conditions and Limitations 

  

	 	4.4.1	The undertakings given in Clauses 4.2 and 4.3 above shall not apply during the period of the warranty applicable to that Item under Clause 1 (Seller Warranty), nor if the Failure of the Item is due to any of the
causes referred to in Clauses 1.5.2 (i), (ii) and / or (iii). 

  

	 	4.4.2	This Service Life Policy is applicable to Failures as defined in Clause 4.1, subject to maintenance and overhaul processes as indicated in Seller’s technical documentation and/or any other Seller’s technical
written instructions being strictly complied with by Buyer. 

  

	 	4.4.3	The provisions of Clause 1.5.1 above are incorporated herein by this reference and shall condition Seller’s obligation under this Service Life Policy with respect to any listed Item. 

 

	 	4.4.4	Buyer shall maintain historical records with respect to the Item adequate to enable determination as to whether the alleged Failure is covered by the present undertaking and (if so) to define the cost to be borne
[*****] in accordance with Clause 4.3 above. 

  

	 	4.4.5	Buyer shall keep Seller or its representative informed of any significant incident whatsoever occurring or recorded, resulting in any damage to the Aircraft. Failure to comply with this requirement shall invalidate this
Service Life Policy. 

  

	 	4.4.6	Buyer will have to perform the structural inspections in accordance with the program described in section 8 of the Maintenance Planning Document to be supplied to Buyer according to Appendix F (Technical
Publications) hereafter. 

 Such inspections shall be carried out at Buyer’s expense and the reports relating thereto
furnished to Seller in case of disclosure of a Failure, to allow Seller to take all necessary corrective actions. Service Life Policy application is, in all case, conditional to Buyer’s conformity with such inspection program. 

 

	 	4.4.7	In case of any Failure, Buyer shall be obliged to report the breakage or defect in writing or by fax to Seller within [*****] days after any breakage or defect in a listed Item becomes evident whether or not said
breakage or defect can reasonably be expected to occur in any other Aircraft. Buyer shall inform Seller of defect or Failure in sufficient detail to enable Seller to deem whether said Failure or defect is subject to the present Service Life Policy.

  

	 	4.4.8	 The return to Seller, if such return is deemed practicable by Seller of any listed Item subject to a Failure, shall be at [*****] expense. [*****]
shall bear all return transportation costs to Buyer’s main base. Any required disassembly of the Aircraft or parts thereof, removal of the covered Item subject to a Failure and

  
 [*****] Confidential material
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reassembly, installation, inspection and test of the corrected or replaced Item shall be at Buyer’s expense. If such disassembly, reassembly, installation, inspection and test, is
accomplished by Seller at Buyer’s request, the rates to be charged by Seller for any such services shall not exceed the rates charged to other commercial airline customers of Seller during substantially the same time period. 

 

	 	4.4.9	Any listed Item subject to a Failure and returned to Seller shall be under Seller’s responsibility from the time it has been received at Seller’s designated premises for repair until the time it has been
returned at Buyer’s main base. During such period of time, Buyer shall no bear any liability as regard the risk of loss or damage relating to any such Item. 

  

	 	4.4.10	Should Seller issue a modification in order to avoid a structural Failure and should Seller elect to deliver the necessary modification kit free of charge to Buyer, then the validity of this commitment under Clause 4
hereof shall be subject to Buyer incorporating in the Aircraft, within a reasonable time to be mutually agreed between Buyer and Seller, such modification as promulgated by Seller and in accordance with Seller’s instruction. 

 

	 	4.4.11	This Service Life Policy is neither a warranty, performance guarantee nor an agreement to modify the Aircraft, or airframe components to conform to new developments hereafter occurring in the state of airframe design
and manufacturing art. Seller’s obligation herein is to make only those corrections to the Airframe components or furnish replacement therefore as provided in this Clause 4. 

 

	 	4.4.12	Buyer’s rights under this Clause 4 shall not be assigned, sold, leased, transferred or otherwise alienated by operation of law or otherwise, to other operators except as provided for in Clause 26
(Assignment of Contract) hereof, and without prior Seller’s consent thereto given in writing. 

 Any
unauthorised assignment, sale, lease, transfer or other alienation of Buyer’s rights under this Service Life Policy shall immediately void this Service Life Policy in its entirety. 

 

	5	GENERAL CONDITIONS APPLICABLE TO APPENDIX E 

 THE WARRANTIES, OBLIGATIONS AND LIABILITIES OF
SELLER AND/OR ITS SUPPLIERS AND REMEDIES OF BUYER SET FORTH IN THIS APPENDIX E ARE EXCLUSIVE AND IN SUBSTITUTION FOR, AND BUYER HEREBY WAIVES, RELEASES AND RENOUNCES ALL OTHER WARRANTIES, OBLIGATIONS AND LIABILITIES OF SELLER AND/OR ITS SUPPLIERS
AND RIGHTS, CLAIMS AND REMEDIES OF BUYER AGAINST SELLER, EXPRESS OR IMPLIED, ARISING BY LAW OR OTHERWISE WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT IN ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY, PART, SOFTWARE OR DATA DELIVERED UNDER THIS
AGREEMENT INCLUDING BUT NOT LIMITED TO: 
  

	 	(A)	ANY WARRANTY AGAINST HIDDEN OR LATENT DEFECTS (GARANTIE DES VICES CACHES) 

  
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	 	(B)	ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS; 

  

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

  

	 	(D)	ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY, WHETHER ARISING IN CONTRACT OR IN TORT AND WHETHER OR NOT ARISING FROM SELLER’S AND / OR ITS SUPPLIERS’ NEGLIGENCE, ACTUAL OR IMPUTED; AND 

 

	 	(E)	ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY FOR LOSS OR DAMAGE TO ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY, PART, SOFTWARE OR DATA DELIVERED UNDER THIS AGREEMENT. 

NEITHER SELLER NOR ITS SUPPLIERS SHALL HAVE ANY OBLIGATION OR LIABILITY, HOWSOEVER ARISING, FOR LOSS OF USE, REVENUE OR PROFIT OR FOR ANY OTHER
DIRECT, INCIDENTAL, OR CONSEQUENTIAL DAMAGES WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT IN ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY, PART, SOFTWARE OR DATA DELIVERED UNDER THIS AGREEMENT, INCLUDING BUT NOT LIMITED TO ANY LIABILITY TO THIRD
PARTY INCURRED BY BUYER 
 FOR THE AVOIDANCE OF DOUBT, SELLER SHALL NOT BE RESPONSIBLE FOR ANY LOSS OR DAMAGES CLAUSED BY THE GROUNDING OF
THE AIRCRAFT DUE TO A DEFECT IN ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY, PART, SOFTWARE OR DATA DELIVERED UNDER THIS AGREEMENT, AND/OR FOR ANY EXPENSES INCURRED BY BUYER IN OBTAINING ANY SUBSTITUTE AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY,
PART, SOFTWARE OR DATA 
 NOTWITHSTANDING THE FOREGOING PROVISIONS OF THIS CLAUSE 5 OF APPENDIX E, NOTHING CONTAINED IN SUCH PROVISION SHALL
AFFORD TO SELLER ANY WIDER EXCLUSION OF ANY LIABILITY OF SELLER THAN SELLER MAY EFFECTIVELY EXCLUDE HAVING REGARD TO THE PROVISIONS OF ANY APPLICABLE LAW. 

IN THE EVENT THAT ANY OF THE AFORESAID PROVISIONS SHOULD FOR ANY REASON BE HELD UNLAWFUL OR OTHERWISE INEFFECTIVE THE REMAINDER OF THIS
APPENDIX E SHALL REMAIN IN FULL FORCE AND EFFECT. 
 FOR THE PURPOSES OF THIS CLAUSE 5, “SELLER” SHALL INCLUDE SELLER, ITS
AFFILIATES AND ANY OF THEIR RESPECTIVE INSURERS. 

  
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 EXHIBIT A TO 

APPENDIX E - CLAUSE 4 
 LIST OF
PRIMARY STRUCTURE PARTS 
 The Items covered by the Service Life Policy pursuant to Clause 4 of this Appendix E are those described hereunder. Bearing
assemblies, bolts, bushings, inspection and access doors are excluded from this Service Life Policy. 
 [*****] 

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

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 [*****] 

Seller has contracted with MESSIER HISPANO BUGATTI a Service Life Policy transferable to Buyer, covering the Landing Gears items as listed above 

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

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 APPENDIX F 

TECHNICAL PUBLICATIONS 
  

 
  

	1	GENERAL 

  

	1.1	Specification 

 The technical publications (the “Technical Publications”), where
practicable, shall be provided in general accordance with Air Transport Association of America (ATA) Specification No. 100. 
 Seller
acknowledges Buyer’s desire to have Technical Publications issued in SGML or XML format. Such Technical Publications formats are not available today, but should these formats become available, Buyer shall have access to Technical Publications
in those formats at [*****] compared to the existing formats. 
  

	1.2	Delivery 

 The Technical Publications and corresponding revisions will be sent to one address
only defined by Buyer in the contractually agreed quantities as specified in Clause 3 of this Appendix F and the agreed frequencies. Packing and shipment will be ex-works (Incoterms 2000) Toulouse. 

All present or future tax, levy, impost, duty, fees, assessments or other charge of whatever nature and however arising (including, without
limitation, any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same) including but not limited to custom, import and/or export duties shall be paid by Buyer to the relevant authorities in respect
of any item delivered ex-works by Seller. 
 Seller shall never be liable to pay any of the above future tax, levy, impost, duty, fees,
assessments or other charge of whatever nature in respect of any item delivered ex-works by Seller. 
 If any item delivered ex-works by
Seller is stopped by any custom authority for whatever reasons, Seller shall have obligation to take any step to obtain such custom clearance. 
  

	1.3	Language 

 The Technical Publications will be supplied in the English language using the
aeronautical terminology in common use. 
  

	1.4	Technical Level of Publications 

 The level of Publications at delivery of any Aircraft will
correspond to the configuration level of any such Aircraft as defined [*****] before such delivery. The Aircraft configuration level at delivery will be introduced into the Technical Publications at the first revision following the delivery. 

Significant modifications applied to any Aircraft when delivered and not dealt with in the Technical Documentation shall be covered in advance
copies or temporary revisions. 

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

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	1.5	Revision Service 

 Technical publications will be revised [*****] and such a revision service
will be provided at [*****] until [*****] after the delivery of the last Aircraft hereunder. Revision services thereafter will be subject to a separate agreement between Seller and Buyer. 

For the avoidance of doubt, any Option Aircraft or Additional Aircraft (as applicable) exercise pursuant to Appendices N (Option
Aircraft) and O (Additional Aircraft) hereto will extend accordingly the [*****] revision service period set forth in the above paragraph. 

Unscheduled revisions (or equivalent information) to incorporate changes involving safety of operations or safety of maintenance, shall be
provided, [*****], for as long as Buyer operates the Aircraft through Technical Publications (including operational documentation) temporary revisions or through regular yearly revisions. 

 

	1.6	Buyer Furnished Equipment 

 Information related to Buyer Furnished Equipment will be included
[*****] in the Technical Publications to the extent necessary for the comprehension of the corresponding system(s). Buyer shall supply Buyer Furnished Equipment publications between six (6) and twelve (12) months before scheduled delivery
of the Technical Publications. 
  

	1.7	Service Bulletins 

 In accordance with Clause 1.5 of this Appendix F, service bulletins
information will be incorporated into the Technical Publications (Aircraft Maintenance Manual, Aircraft Wiring Manual and Illustrated Parts Catalogue) after written notice of Buyer’s intention to embody the Service Bulletin on its fleet. In
this case, both information “Before SB” and “After SB” will appear in the manuals concerned. 
  

	1.8	On-line access 

 On line web access to the envelope ATR 72-600 documentation will be provided to
a Buyer’s users through the “ATR Doc” portal for as many users as Buyer may reasonably request. 
  

	1.9	Effectiveness 

  

	 	1.9.1	The following manuals will be customised: 

  

	 	•	 	Aircraft Maintenance Manual 

  

	 	•	 	Description and Operation Manual 

  

	 	•	 	Trouble Shooting Manual 

  

	 	•	 	Job Instruction Cards 

  

	 	•	 	Illustrated Parts Catalogue 

  

	 	•	 	Wiring Diagram Manual 

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

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	 	•	 	Aircraft Wiring Manual 

  

	 	•	 	Aircraft Schematic Manual 

  

	 	•	 	Aircraft Wiring Lists 

  

	 	•	 	Operational Manual 

  

	 	•	 	Airplane Flight Manual 

  

	 	•	 	Flight Crew Operating Manual 

  

	 	•	 	Check List 

  

	 	•	 	Weight and Balance Manual 

  

	 	•	 	List of Applicable Publications 

  

	 	1.9.2	Other Manuals will cover all ATR 72-600Aircraft. Effectivities (as applicable) will be defined by Manufacturer Serial Number. 

  

	1.10	Airworthiness Authorities 

 ANAC representatives may have free access to ATR website dedicated
to technical documentation (URL: http://www.atrdoc.com), in order to get an on-line access to all ATR technical publication referring to their operators. 
  

	1.11	Additional Requirements 

 If Buyer requires additional copies or other reproductions, or
preparation in different form or revisions of any of the data specified in this Clause 1, Seller shall supply requirements to Buyer under purchase orders received from Buyer by Seller. Seller prices for such copies or other reproductions shall be
reasonable. 
  

	1.12	Proprietary Rights 

 All data given to Buyer is for the sole use of Buyer, or its approved
repair agencies, which undertake the responsibility not to divulge the content of said documents. 
  

	2	MANUALS 

  

	2.1	Maintenance and associated Manuals 

  

	 	2.1.1	Aircraft Maintenance Manual 

 This manual will be in general accordance with ATA 100
Specification with texts and illustrations that will be separated. This manual has been split into three separate Manuals: 
  

	 	•	 	Description and Operation Manual 

  

	 	•	 	Trouble Shooting Manual 

  

	 	•	 	Job Instruction Cards 

 Engine line maintenance data furnished by the engine manufacturer shall
be given in documents separated from this manual. 

  
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	 	2.1.2	Illustrated Parts Catalogue 

 This manual identifies and illustrates replaceable Aircraft parts
and assemblies, and will be in general accordance with ATA 100 specification. 
  

	 	2.1.3	Wiring Diagram Manual 

 This manual describes all the wiring of the Aircraft and will be in
general accordance with ATA 100 Specification. The Wiring Diagram Manual has been split into three separate Manuals: 
  

	 	•	 	Aircraft Wiring Manual 

  

	 	•	 	Aircraft Schematic Manual 

  

	 	•	 	Aircraft Wiring Lists 

  

	 	2.1.4	Structural Repair Manual 

 This manual contains descriptive information for identification and
repair of the Aircraft primary and secondary structure. This Manual will be in general accordance with ATA 100 Specification. 
  

	 	2.1.5	Non Destructive Testing Manual 

 This manual contains descriptive data and specific
instructions concerning structural non destructive tests. This Manual will be in general accordance with ATA 100 Specification. 
  

	 	2.1.6	Illustrated Tools and Equipment Manual 

 This manual provides technical data sheets for all
specific tool and equipment required for the maintenance and repair of the Aircraft. Standard tools and airport service equipment are not covered in this Manual that will be in general accordance with ATA 100 Specification. 

 

	 	2.1.7	Maintenance Planning Document and Maintenance Review Board Document 

 These documents will
provide periodic maintenance requirements data necessary to plan and conduct the Aircraft maintenance checks and inspections. In addition, all the Airworthiness limitations will be grouped in one approved section. 

 

	 	2.1.8	Structural Repair Kits Manual (SRKM) 

 The SRKM is intended for use in identifying and
provisioning parts required for aircraft repair in the event of damages caused by service vehicles, resulting from a crash. The SRKM covers all structure parts of defined zones and provides the kit list of parts. 

 

	 	2.1.9	Corrosion Prevention - Corrosion Inspection - Corrosion Findings (DPCICF) 

 This document is
intended to provide with general information on corrosion in order to assist customers in easily finding out the relevant data necessary to develop and implement their maintenance program for corrosion and to take appropriate preventive and curative
actions when necessary. 

  
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	2.2	Operational Manuals 

  

	 	2.2.1	Airplane Flight Manual 

 The Airplane Flight Manual is related to a specific airplane, whose
model is specified on the heading page of the manual. It is approved by the Airworthiness Authorities. 
  

	 	2.2.2	Flight Crew Operating Manual 

 The Flight Crew Operating Manual only contains pages applicable
to the Aircraft of the specific customer’s fleet. It gives the Aircraft technical, procedural and performance characteristics. 
  

	 	2.2.3	Check List 

 This manual provides in a condensed form the normal, abnormal and emergency
procedures detailed in the Flight Crew Operating Manual. 
  

	 	2.2.4	Weight and Balance Manual 

 This manual specific to each Aircraft enables the operator to
determine the centre of gravity in relation with the loading of the Aircraft. This manual will be in general accordance with ATA 100 Specification. 
  

	 	2.2.5	Master Minimum Equipment List 

 This list defines the components and the related conditions
under which, when the components are defective, the Aircraft may be cleared for flight in accordance with Seller’s Airworthiness Authorities and EASA regulations. 
  

	 	2.2.6	Airport Planning 

 This manual prepared and issued according to Specification NAS 3601
indicates Aircraft characteristics data required for general airport planning information. 
  

	 	2.2.7	Crash Crew Chart 

 This chart provides the information required for Aircraft evacuation in the
event of a crash. 
  

	2.3	Component Manuals 

  

	 	2.3.1	Overhaul Manuals/or Component Maintenance Manuals/Manufacturer 

 These manuals contain
instructions concerning the overhaul and/or repair of components, together with the procedures for restoring such components to fully serviceable condition. These manuals will be in general accordance with ATA 100 Specification. 

  
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	2.4	Miscellaneous Documentation 

  

	 	2.4.1	Service Bulletins 

 This document will be in general accordance with ATA 100 Specification.
Service Bulletins will be delivered as soon as practicable and will cover Seller’s designated changes on the Aircraft that affect any Aircraft delivered hereunder. A Service Bulletin Index will be supplied regularly. 

 

	 	2.4.2	List of Applicable Publications 

 This list is a record of the various Technical Publications
with the date of the last valid revision. 
  

	2.5	Airworthiness Directives Information 

 Seller shall inform Buyer of any Airworthiness Directive
possibly affecting the Aircraft as might be issued by any relevant Aviation Authority. 
  

	3	LIST OF MANUALS 

 The list of manuals to be supplied by Seller to Buyer is set forth in the tables hereafter.

  

	3.1.1	Maintenance documentation 

  

			
	 DESCRIPTION
	  	 [*****]

		
	DVD-ROM PACKAGE: AMM (JIC+DO+TSM)	  	
	+ IPC + WDM (ASM+AWL+AWM)	  	[*****]
		
	AIRCRAFT MAINTENANCE MANUALS	  	
	AMM/Job Instruction Cards	  	[*****]
	AMM/Description Operation Manual	  	[*****]
	AMM/Trouble Shooting Manual	  	[*****]
		
	ILLUSTRATED PARTS CATALOG	  	[*****]
	IPC ROW DATA (Text Editable)	  	[*****]
		
	WIRING DIAGRAM MANUALS	  	
	WDM/Aircraft Wiring Manual	  	[*****]
	WDM/Aircraft Schematic Manual	  	[*****]
	WDM/Aircraft Wiring Lists	  	[*****]

  

	(1) 	Available in DVD Rom Format - includes ATR@Nav – ATR@Nav is subject to the signature of a specific licence agreement for exclusive use of ATR@Nav loading “Adobe Acrobat n@vigator”

	(2) 	Available in CD Rom Format – All files in Adobe Acrobat pdf format 

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

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	3.1.2	Operational documentation 

  

			
	 DESCRIPTION
	  	 [*****]

		
	PACK OPS CD ROM: (AFM / FCOM / CL & QRH / WBM / MMEL)	  	[*****]
		
	 SET COCKPIT including

AFM/FCOM/CL/WBM/MMEL
	  	[*****]
	AIRCRAFT FLIGHT MANUAL	  	[*****]
	FLIGHT CREW OPERATING MANUAL	  	[*****]
	CHECK LIST	  	[*****]
	WEIGHT AND BALANCE MANUAL	  	[*****]
	MASTER MINIMUM EQUIPMENT LIST	  	[*****]

  

	(1)	Available in CD Rom Format- All files in Adobe Acrobat pdf format 

  

			
	MSN N°	 	TBD
	Airline IATA Code & Designation	 	AD
	Language	 	English
	Authorities	 	DGAC
	Weight Standard Unit (Kg & lb)	 	Kg

  

	3.1.3	Various documentation 

  

			
	 DESCRIPTION
	  	 [*****]

		
	SERVICE BULLETINS PACK: (SB + CI + TI + SL)	  	[*****]
	
	STRUCTURAL PACK (SRM+SRKM+NDTM+CPCICF)
	STRUCTURAL REPAIR MANUALS	  	[*****]
	STRUCTURAL REPAIR KIT MANUALS	  	[*****]
	CORROSION PREV. / INSP. / FINDING	  	[*****]
	NON-DESTRUCTIVE TESTING MANUAL	  	[*****]
		
	PLANNING PACK (MPD + MRB)	  	
	MAINTENANCE PLANNING MANUALS	  	[*****]
	MAINTENANCE REVIEW BOARD MANUAL	  	[*****]
	MPD SPREADSHEET	  	[*****]
	AMASIS Compatible - Excel 2000/2003 version	  	
	
	MISCELLANEOUS MANUALS (CLM+QEC+ITEM+AP+CMM/M)
	COMPONENT LOCATION MANUAL	  	[*****]
	QUICK ENGINE CHANGE BUILD-UP-GUIDE	  	[*****]
	ILLUSTRATED TOOL AND EQUIPMENT MANUAL	  	[*****]
	AIRPORT PLANNING MANUAL	  	[*****]
	COMPONENT MAINTENANCE MANUAL / MANUFACTURER	  	[*****]
	CRASH CREW CHART	  	[*****]
	LIST OF APPLICABLE PUBLICATIONS	  	[*****]

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

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	 DESCRIPTION
	  	TYPE
C=Customized
A=All Version	  	Paper
Copies	  	Internet
ATR|Doc	  	CD or DVD
ROM copies
(pdf)
	
	CONTRACTUALS MANUALS (VD+VWM+VPSA)
	 VENDOR DIRECTORY
	  	[*****]	  	[*****]	  	[*****]	  	[*****]
	 VENDOR WARRANTY MANUAL
	  	[*****]	  	[*****]	  	[*****]	  	[*****]
	 VENDOR PRODUCT SUPPORT AGREEMT
	  	[*****]	  	[*****]	  	[*****]	  	[*****]

  

	(1) 	Available in DVD Rom Format - All files in Adobe Acrobat pdf format 

	(2) 	Available in CD Rom Format – All files in Adobe Acrobat pdf format 

  

	4	ACCESS TO MANUFACTURER’S DRAWINGS 

  

	4.1	Upon Buyer’s request stating the purpose of such request, Seller shall supply to Buyer on a [*****] basis any Aircraft drawing required for the troubleshooting and repair of the Aircraft (excluding however the
manufacture of parts by Buyer) with its associated translation into English if applicable, subject to prior Seller’s shareholders consent. Seller shall endeavour its commercially reasonable efforts efforts to obtain this consent prior to the
delivery of the first Aircraft on a once-for-all and not on a case-by-case basis and Seller’s shareholder’s consent may be provided in the form of a confidentiality agreement between Seller, Seller’s shareholders and Buyer.

  

	4.2	Seller shall supply such drawings either by facsimile or in digital format by electronic mail, as may be appropriate, within [*****] hours, unless the issuance or the translation of those drawings require the
verification by Seller’s design office, in which event such drawings shall be supplied not later than [*****] following Buyer’s request. Seller shall however endeavour its best efforts to supply such drawings within [*****] hours in case
of AOG. 

  

	4.3	The use of such drawings by Buyer shall be on a confidential basis and limited to Buyer’s exclusive use in the troubleshooting and repair of the Aircraft (excluding however the manufacture of parts by Buyer) and to
the period of time that the Aircraft are remaining in operation with Buyer. So long as Buyer shall not infringe upon Seller’s intellectual proprietary rights, Buyer shall not be bound to pay any royalties or fees for the use of such drawings.
4.4 All drawings supplied hereunder shall be furnished in strict confidentiality and Buyer shall commit to not disclose either externally or internally nor to copy any of such drawings without Seller’s prior written consent. 

 

	4.5	Seller acknowledges Buyer’s desire to have Aircraft drawings issued in electronic format. Such Aircraft drawings formats are not available today, but should these formats become available, Buyer shall have access
to Aircraft drawings in electronic format [*****] and under the same conditions prevailing in this Clause 4. 

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

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	4.6	These provisions do not grant any warranty, express or implied, with respect to the quality, validity, or usefulness of such drawings. Seller, Seller’s shareholders, Seller’s suppliers and/or Seller’s
shareholders’ suppliers shall not be liable for damages of any kind as a result of Buyer reliance on or use for the purposes stated herein of such drawings provided hereunder. 

  
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 APPENDIX G 

ENGINEERING ASSISTANCE 
  

 
  

	1	TECHNICAL DESK ASSISTANCE 

 Seller shall provide Buyer with 24 hours per day, seven days a week,
all year, inclusive of holiday periods, technical desk assistance on a [*****]. 
  

	2	NO TECHNICAL OBJECTION & LIKE ADVICE 

 Supply of Non Technical Objections
(“NTO”) and like advice shall be provided to Buyer on a [*****] for routine requests for up-to [*****] of engineering work. 
 For
NTO and like advice requiring more than [*****] of engineering work, such engineering work will be charged to Buyer on the basis of conditions described in Clause 3 of this Appendix G. 

Upon Buyer’s request, Airworthiness Authority approval shall be provided on a [*****] basis for all ATR provided interim and/or permanent
dispositions 
  

	3	REPAIR DRAWING PRICE POLICY 

  

	3.1	Introduction 

 The structures engineering group provides 24 hours per day, seven days a week,
all year, inclusive of holiday periods on-call service to assist the operators to solve problems in terms of: 
  

	 	•	 	Aircraft damage assessment 

  

	 	•	 	Providing responses to structural technical queries 

  

	 	•	 	Assisting in the use of the aircraft structural documentation 

  

	 	•	 	Providing repair solutions by means of repair instruction, sketch or drawing. 

 Buyer will be
charged for all repair solutions to rectify structural dents, punctures, scratches, lightning strike damage, hail damage, corrosion, etc. except for those covered by the Aircraft Service Life Policy. 

Once the classification of the requested repair solution and related lead-time have been requested by Buyer and agreed by Seller, Seller will
make all efforts to meet the lead-time or the repair solution charges will be waived. 
 Seller shall continue to produce generic repairs and
to update the Structural Repair Manual (SRM) with the objective to provide the operators as much autonomy as possible. 

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

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	3.2	Terms of Reference 

 The lead-time shall start from the receipt of a comprehensive damage
report, and of the purchase order when applicable. It shall end when the repair solution has been made available to Buyer. When appropriate, a temporary repair solution shall be supplied. 

The process shall include (as applicable) repair instruction, sketch or drawing and structural engineering support. When required the
Airworthiness Authorities approval will be provided at a later time. 
 The level of priority associated to each type of repair solution
shall be as follows, where working hours refer to Seller headquarters working hours: 
  

									
	 Category
	 	 Definition
	 	 [*****]
	 	 [*****]

	A	 	AOG	 	 Customer’s request is required on an AOG basis, and lead-time for structural instruction completion is of 8 hours maximum.

 
	 	[*****]	 	[*****]
	B	 	 	 Customer’s request is required on an AOG basis, but lead-time for structural instruction completion is over 8 hours.

 
	 	[*****]	 	[*****]
	C	 	Routine	 	Structural instruction is not required on an AOG basis, and requires less than 8 MH of engineering work.	 	[*****]	 	[*****]
	D	 	 	Structural instruction is not required on an AOG basis, and requires more than 8 MH of engineering work.	 	 [*****]
	 	[*****]

 According to the above classification tables, the following rates will apply: 

 

			
	Category	  	Charging rate – 2010 Economic Conditions
		
	A	  	[*****]
		
	B	  	[*****]
		
	C	  	[*****]
		
	D	  	[*****]

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

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 Buyer shall however be waived from any charge (either pursuant to B or D) above until [*****]
after delivery of the last Firm Aircraft. For avoidance of doubt, any Option Aircraft or Additional Aircraft (as applicable) exercise pursuant to Appendices N (Option Aircraft) and O (Additional Aircraft) hereto will extend accordingly
this [*****] 
  

	3.3	Limitations 

 If a repair instruction proves to be included in ATR technical publications as
available to Buyer (including through on-line access), and thus Buyer’s request proves to be the result of inadequate use of such available ATR technical documentations, the charging rate for such repair instruction will be [*****] from the
first hour spent by Seller engineering team. Seller shall however, during [*****] years following delivery of the first Used Aircraft, waive Buyer’s payment obligation for the [*****] engineering hours spend by Seller with respect any repair
instruction, as requested by Buyer, that has proved to be included in ATR technical publications. 
 If Seller has reasonable grounds to
believe that any request made by Buyer on an AOG basis could have been made on a routine basis, Seller shall be entitled to request to Buyer reasonable proof of the necessity to make such request on an AOG basis. Should Buyer fail to provide such
proof in a form and substance reasonably satisfactory to Seller, then the charging rate for any such request unduly placed on AOG basis will be [*****] from the first hour spent by Seller engineering team. 

 

	4	PROCEDURE 

 During normal working hours, Buyer will have to directly contact Seller usual
technical correspondent by phone. Outside normal working hours, Buyer will have to directly contact Seller Technical Desk by phone. 
 Any
request shall be made official by faxing to Seller the description of the damage as set out on a specific repair solution request form. 

Within the reaction time defined above, Seller shall have to acknowledge receipt of the request, ask for further information if necessary and
propose temporary solution when applicable. Upon receipt of a comprehensive damage report, Seller shall fax the authorization for repair form completed, for Buyer agreement. 

For chargeable repair solution, the clock guarantee lead-time will begin upon receipt of an official request from Buyer’s engineering team
and a comprehensive damage report as confirmed by Seller. Buyer will follow-up with a purchase order within [*****] of the official engineering request. 

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

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 APPENDIX H 

START-UP TEAM 
  

 
  

	1	FERRY FLIGHT & LINE TRAINING ASSISTANCE 

  

	1.1	At the delivery of the first Used Aircraft, Seller shall second to Buyer [*****] of its instructor pilots in order to perform the ferry flight of the first Used Aircraft and line training for a duration of [*****] per
Firm Aircraft, that is for [*****] in total for the [*****] Firm Aircraft ordered hereunder. 

 Line training provides the
opportunity for a flight crew to carry into practice the procedures and techniques learned during the ground and flying training sessions of a transition course. This is accomplished under the supervision of a crew member specifically nominated and
trained for the task. 
  

	1.2	Ferry flight and line training assistance shall be limited to [*****] in total, notwithstanding any Option Aircraft or Additional Aircraft exercise pursuant to Appendices N (Option Aircraft) and O (Additional
Aircraft) hereof. 

 However, on top of [*****] assistance referred to above, Seller shall also second to Buyer [*****] of
its instructor pilots in order to perform the ferry flight of [*****] (either Used Aircraft or Aircraft). Buyer shall inform Seller with reasonable advance notice of its requirement for any ferry flight assistance. 

 

	1.3	At all times during the ferry flight and during line training, responsibility and liability for such flight and the operation of the Aircraft shall remain with Buyer and Buyer shall ensure that appropriate insurance
cover, in a form reasonably satisfactory to Seller, is in place. The flight duty schedule of the flight crew member(s) must comply with the applicable French/European regulations 

 

	1.4	During ferry flight and line training, the cost of fuel, maintenance, landing and navigation fees shall [*****] 

  

	2	PILOTS START-UP TEAM 

 Seller shall provide to Buyer [*****] a start-up team of pilots according
to the terms of this Clause 2, being understood that any such pilots will be supplied by Seller through third party service providers. 
 The
pilots shall be qualified and experienced ATR 72-200 captains that will fly Buyer’s Used Aircraft during revenue service and that will be made available to Buyer at Buyer’s main base or at any other Buyer’s base for [*****] per Firm
Aircraft, that is for the [*****] Firm Aircraft ordered hereunder in the quantities and during the period set out below: 
  

	 	(i)	[*****] each following delivery of the first Used Aircraft to Buyer; and 

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

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	 	(ii)	Thereafter, [*****] each (following the period mentioned in Clause 2 (i) above); and 

  

	 	(iii)	Thereafter, [*****] each (following the period mentioned in Clause 2 (ii) above). 

Start-up team pilot assistance shall be limited to [*****] in total notwithstanding any Option Aircraft or Additional Aircraft exercise
pursuant to Appendices N (Option Aircraft) and O (Additional Aircraft) hereof. 
  

	3	AIRCRAFT MAINTENANCE START-UP TEAM 

 Seller shall provide to Buyer [*****] a start-up team of
aircraft maintenance engineers according to the terms of this Clause 3, being understood that any such maintenance engineers will be supplied by Seller through third party service providers. 

This team of qualified airframe / powerplant and / or avionics / electrics experienced on the ATR72 will ensure smooth introduction and
operation of the ATR 72 aircraft into Buyer’s fleet and will be made available to Buyer at Buyer’s main base or at any other Buyer’s base in the quantities and during the period set out below: 

 

	 	(i)	[*****] each following delivery of the first Used Aircraft to Buyer; and 

  

	 	(ii)	Thereafter, [*****] after delivery of the last Firm Aircraft hereunder. 

 Start-up team
maintenance engineers assistance shall be limited to [*****] notwithstanding any Option Aircraft or Additional Aircraft exercise Appendices N (Option Aircraft) and O (Additional Aircraft) hereof. 

The maintenance engineer start-up team will provide assistance and additional training / on the job support to Buyer’s maintenance
personnel. Maintenance activities could include: 
  

	 	(i)	Completion of schedule and unscheduled maintenance on the Aircraft in accordance with applicable Buyer’s approved maintenance program; 

 

	 	(ii)	Assistance in maintenance planning and logistics, working closely with Buyer’s personnel to provide them experience and skills to acquire rapidly necessary autonomy in different areas of aircraft maintenance,
particularly for line activities and type “A” airframe visits. 

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

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	4	ADDITIONAL START-UP ASSISTANCE 

  

	4.1	Additional Start-Up Assistance 

 Seller shall also provide to Buyer [*****] the following
start-up assistance: 
  

	(i)	Secondment at Buyer’s main base of an operations engineer for [*****] in total, with the objective of assisting Buyer in building performance charts and other performance related procedures; 

 

	(ii)	Secondment at Buyer’s main base of an maintenance program engineer for [*****] in total, with the objective of assisting Buyer in building its maintenance program for either (or both) the Used Aircraft or the ATR
72-600 Aircraft; and 

  

	(iii)	Secondment at Buyer’s main base of a spare engineer for [*****] in total, with the objective of assisting Buyer in placing spares purchase orders and other related procedures. 

The timing on which Seller shall provide such assistance shall be further agreed by the parties, being understood that (a) each of the above assistance
periods may be split in two or more periods provided that the cumulated total of the assistance does not exceed the above mentioned [*****] total period, and (b) the above assistance may be available to Buyer starting from the delivery of the
first Used Aircraft, should Buyer so request. 
  

	4.2	Vendors Field Service Assistance 

 Starting from receipt by Buyer of the first Aircraft, Seller
shall arrange to procure routine visits and during the first Hot Section Inspection (HSI) by competent representatives of the Engine manufacturer. 

When necessary, routine visits will also be arranged for representatives of major vendors. 

 

	5	START-UP PACKAGE ADJUSTMENT 

  

	5.1	The composition of the start-up team shall be subject to further joint detailed review and discussion between Seller and Buyer’s personnel. 

 

	5.2	Should Buyer elect to remove any service from the start-up package set forth in this Appendix H, then Seller [*****] according to the rates set forth in Exhibit A to this Appendix H. 

The [*****] shall be available to Buyer for the [*****] 
  

	5.3	Should Buyer elect for the [*****] it shall be available to Buyer upon each Aircraft delivery and for [*****] 

  

	6	INDEMNITY AND INSURANCE 

 BUYER SHALL INDEMNIFY AND HOLD HARMLESS SELLER, SELLER’S
EMPLOYEES AND SUBCONTRACTORS AGAINST ALL LIABILITIES, DAMAGES, LOSSES AND JUDGMENTS, COSTS, ATTORNEYS’ FEES AND OTHER EXPENSES RELATIVE THERETO WHICH MAY BE ASSERTED, ASSESSED OR ACCRUED AGAINST SELLER AND ITS EMPLOYEES OR SUBCONTRACTORS BY
REASON OF INJURY TO OR DEATH OF BUYER’S 

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

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 PERSONNEL ARISING OUT OF OR IN CONNECTION WITH THE PRESENT CLAUSE, EXCEPT TO THE EXTENT OF
SELLER’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 
 SELLER SHALL INDEMNIFY AND HOLD HARMLESS BUYER AND BUYER’S EMPLOYEES FROM AND
AGAINST ALL LIABILITIES, DAMAGES, LOSSES AND JUDGMENTS, COSTS, ATTORNEYS’ FEES AND OTHER EXPENSES RELATIVE THERETO WHICH MAY BE ASSERTED, ASSESSED OR ACCRUED AGAINST BUYER, ITS EMPLOYEES AND SUBCONTRACTORS BY REASON OF INJURY TO OR DEATH OF
SELLER’S EMPLOYEES ARISING OUT OF OR IN CONNECTION WITH THE PRESENT CLAUSE EXCEPT TO THE EXTENT OF BUYER’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 

IN THE EVENT ANY CLAIM IS MADE OR SUIT IS BROUGHT AGAINST EITHER PARTY FOR DAMAGES, FOR DEATH OR INJURY, THE PARTY AGAINST WHOM CLAIM IS MADE
OR SUIT IS BROUGHT, SHALL PROMPTLY GIVE NOTICE TO THE OTHER PARTY AND THE LATTER SHALL HAVE THE RIGHT TO SUPERVISE AND CONDUCT THE DEFENCE THEREOF, OR TO EFFECT ANY SETTLEMENT WHICH IT, IN ITS OPINION, DEEMS PROPER. 

BUYER SHALL BE SOLELY LIABLE FOR, AND SHALL INDEMNIFY AND HOLD HARMLESS SELLER, ITS OFFICERS, AGENTS, EMPLOYEES AND SUBCONTRACTORS FROM AND
AGAINST ALL LIABILITIES, DAMAGES, LOSSES, COSTS AND EXPENSES FOR ALL INJURIES TO AND DEATH OF PERSONS AND FOR LOSS OF OR DAMAGE TO PROPERTY, HOWSOEVER ARISING OUT OF OR IN CONNECTION WITH THE SERVICES UNDER THIS APPENDIX, EXCEPT WHERE IT ARISES FROM
THE GROSS NEGLIGENCE OR WILFUL MISCONDUCT OF SELLER, ITS OFFICERS, AGENTS AND SUBCONTRACTORS. IN PROVIDING SUCH SERVICES, SELLER’S EMPLOYEES AND SUBCONTRACTORS ARE DEEMED TO BE ACTING IN AN ADVISORY CAPACITY ONLY AND SOLELY WHERE ANY LIABILITY
IS INVOLVED, SHALL THEY BE DEEMED TO ACT AS BUYER’S EMPLOYEES OR AGENTS EITHER DIRECTLY OR INDIRECTLY. 
 FOR THE FERRY FLIGHT, LINE
TRAINING AND PILOT ASSISTANCE SET OUT IN CLAUSE 1 AND 2 OF THIS APPENDIX H, BUYER SHALL (1) INDEMNIFY AND WAIVE ANY RIGHTS OF RECOURSES AGAINST SELLER AND ITS SUBCONTRACTORS IN RESPECT OF HULL ALL RISKS INSURANCE POLICY AND (2) NAME SELLER
AND ITS SUBCONTRACTORS AS ADDITIONAL INSURED IN RESPECT OF THIRD PARTIES AND/OR PASSENGERS AND/OR FREIGHT LIABILITY RISKS. 
 BUYER SHALL
DELIVER TO SELLER A CERTIFICATE OF INSURANCE EVIDENCING THE COVERAGE REQUIRED BY THIS CLAUSE. 

  
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 EXHIBIT A TO 

APPENDIX H - CLAUSE 5 
 START-UP
TEAM CONVERSION RATES 
  

							
	 Start-Up Team
	  	 Contract

Section
	  	 Minimum
Quantity to be
Supplied
	  	
Start-Up
Conversion
Credit / Unit

				
	 Pilot Training Assistance
	  		  		  	
				
	 Ferry Flight & Line Training Assistance
	  		  		  	
	 ATR Instructors Lease
	  	Appendix H - 1	  	[*****]	  	[*****]
	 ATR Instructors Accomodation
	  	Appendix H - 1	  	[*****]	  	[*****]
	 ATR Instructors One Way Tickets
	  	Appendix H - 1	  	[*****]	  	[*****]
	 Pilot Start-Up Team
	  		  		  	
	 Flying Captain Assistance
	  	Appendix H - 2	  	[*****]	  	[*****]
	 Flying Captain Accomodation
	  	Appendix H - 2	  	[*****]	  	[*****]
	 Flying Captain Return Tickets
	  	Appendix H - 2	  	[*****]	  	[*****]
				
	 Maintenance Training Assistance
	  		  		  	
				
	 Mechanics Start-Up Team
	  		  		  	
	 Maintenance Engineer Assistance
	  	Appendix H - 3	  	[*****]	  	[*****]
	 Maintrenance Engineers Accomodation
	  	Appendix H - 3	  	[*****]	  	[*****]
	 Maintenance Engineer Return Tickets
	  	Appendix H - 3	  	[*****]	  	[*****]
				
	 Other Assistance
	  		  		  	
				
	 Operations Engineer Assistance
	  		  		  	
	 Operations Engineer Assistance
	  	Appendix H - 4.1 (i)	  	[*****]	  	[*****]
	 Operations Engineer Accomodation
	  	Appendix H - 4.1 (i)	  	[*****]	  	[*****]
	 Operations Engineer Return Tickets
	  	Appendix H - 4.1 (i)	  	[*****]	  	[*****]
	 Maintenance Program Engineer Assistance
	  		  		  	
	 Maintenance Program Engineer Assistance
	  	Appendix H - 4.1 (ii)	  	[*****]	  	[*****]
	 Maintenance Program Engineer Accomodation
	  	Appendix H - 4.1 (ii)	  	[*****]	  	[*****]
	 Maintenance Program Engineer Return Tickets
	  	Appendix H - 4.1 (ii)	  	[*****]	  	[*****]

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

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 APPENDIX I 

FIELD SERVICE 
  

 
  

	1	Seller shall provide [*****] to Buyer the assistance of [*****] per Aircraft. 

 This CSR will be
available at Buyer’s main base as from the delivery of the first (1st) Used Aircraft and, based on the proposed Delivery Schedule and based an order of [*****] Firm Aircraft, will stay
at Buyer’s main base until [*****] months after delivery of the last Aircraft hereunder. For the avoidance of doubt, any Option Aircraft or Additional Aircraft (as applicable) exercise pursuant to Appendices N (Option Aircraft) and O
(Additional Aircraft) hereof will generate an additional [*****] CSR assistance per exercised Option Aircraft or Additional Aircraft (as applicable). 
  

	2	The CSR will have a wide experience in all fields in order to provide their know-how in (i) organization, (ii) logistics, (iii) communication and (iv) trouble shooting. The CSR will focus on:

  

	 	(i)	Technical assistance (such as on job training for Buyer’s mechanics, usage of technical publications) but shall also be able to set-up all the communications with Seller product support and engineering directories.

  

	 	(ii)	Buyer’s mechanics assistance for the trouble shooting and line maintenance of the Aircraft. 

  

	3	Buyer shall cause transportation to be made available for the CSR mentioned in Clause 1 of this Appendix I, at no cost to Seller, for work-related travel that have been previously mutually agreed by the CSR and Buyer.
However, Seller shall pay the round trip air transportation charges of such CSR (for duty travel) between Toulouse France and Buyer’s main base. 

  

	4	Seller shall bear all expenses in connection with transport, subsistence, insurance and salary of such CSR. Buyer shall furnish, at no cost to Seller, suitable office space and facilities (telephone, telefax, copying
machine, printer and the like) and secretarial services for business purposes only in order to enable Seller’s representative to fulfill its task properly. 

  

	5	Seller shall have the right to withdraw its assigned personnel on short notice, if conditions arise which are dangerous to their safety or health, or which prevent them from fulfilling their contractual tasks.

  

	6	Indemnity 

 BUYER SHALL BE SOLELY LIABLE FOR, AND SHALL INDEMNIFY AND HOLD HARMLESS SELLER, ITS
OFFICERS, AGENTS AND EMPLOYEES FROM AND AGAINST ALL LIABILITIES, DAMAGES, LOSSES, COSTS AND EXPENSES FOR ALL INJURIES TO AND DEATH OF PERSONS AND FOR LOSS OF OR DAMAGE TO PROPERTY, HOWSOEVER ARISING OUT OF OR IN CONNECTION WITH THE SERVICES UNDER
THIS APPENDIX, EXCEPT WHERE IT ARISES FROM THE GROSS NEGLIGENCE OR WILFUL MISCONDUCT OF SELLER, ITS 

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

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OFFICERS, AGENTS OR CSR’S. IN PROVIDING SUCH SERVICES, SELLER’S EMPLOYEES ARE DEEMED TO BE ACTING IN AN ADVISORY CAPACITY ONLY AND SOLELY WHERE ANY LIABILITY IS INVOLVED, SHALL THEY BE
DEEMED TO ACT AS BUYER’S EMPLOYEES OR AGENTS EITHER DIRECTLY OR INDIRECTLY. 

  
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 APPENDIX J 

TRAINING 
  

 
  

	1	GENERAL 

  

	1.1	Seller shall provide, [*****], thorough training for Buyer’s personnel as set out in this Appendix J. 

For the avoidance of doubt, any training service set forth in this Appendix J for which available quantities are expressed on a per Aircraft
basis shall also be supplied to Buyer under such per Aircraft quantities for any exercised Option Aircraft or exercised Additional Aircraft (as the case may be) pursuant to Appendix N (Option Aircraft) or O (Additional Aircraft)
hereof. 
  

	1.2	The training services set forth herein below will be conducted at Seller’s training school being ATC facilities in Toulouse (France) unless otherwise specified herein. 

Seller’s training school must have JAR-FCL approved training certificate (FTO or TRTO in accordance with JAR-FCL 1.055) and all
instructors must have JAR-FCL certificate. The flight examination instructor must be JAR-FCL authorized. 
  

	1.3	Crew and ground staff training relating to any Aircraft may be performed from [*****] prior to the Delivery of any such Aircraft until [*****] after delivery of the last Aircraft covered by this Contract.

  

	1.4	The courses will be scheduled on mutually agreed plans to be discussed in a training conference (the “Training Conference”) to be held as soon as practicable after signature of this Contract and in all cases
before the first course commences. The Training Conference shall detail and validate the training courses provided by Seller in Clause 3 below. 

In addition Buyer shall be entitled to request to Seller to exchange courses set out in Clause 3 of this Appendix J by other training courses
of equivalent value proposed by Seller’s Training School based upon the Seller’s Training School catalogue price in force at the time such exchange is requested. 
  

	1.5	For the purpose of this Appendix J, a “Conversion Training Course” means a training course for pilots, who have obtained a type certificate for a Transport Category aircraft prior to commencement of the course
at the Seller’s Training School. 

  

	2	COURSE QUALIFICATION 

  

	2.1	Buyer warrants that the trainees which shall be enrolled for training pursuant to the provisions hereof shall be able to fully understand written and spoken English. The trainees participating in the Conversion Training
Courses shall have the prerequisite Turboprop Transport Category experience in order to attend the Conversion Training Courses. 

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

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	2.2	It is clearly understood and agreed that the courses provided by ATR Training Centre (“ATC”) to Buyer are Conversion Training Courses. 

In the event that a trainee enrolled on a Conversion Training Course lacks the necessary entry-level preparation, the trainee shall, after
consultation with Buyer, either be cycled through an appropriate entry level training program or be withdrawn from the program. All cost associated with such entry level training program together with those associated with the cancellation of the
scheduled Conversion Training Course shall be borne [*****] upon the furnishing of appropriate invoices by ATC. 
  

	2.3	In fulfilment of its obligations to provide training courses hereunder, Seller’s training school shall deliver to trainees a certificate of satisfactory completion at the end of such courses. This certificate does
not constitute satisfaction or qualification by any official civil aviation authority but may be presented to any such authority as confirmation of satisfactory completion of Seller’s training course. 

 

	2.4	Prior to the commencement of a course, Buyer shall provide Seller’s training school with an attendance list of the trainees to be enrolled for each course and the validated performance of each trainee and any
further information that ATC may require. It is understood between Buyer and Seller that Seller’s standard courses are designed and approved to bring Turboprop Transport specialists to a professional knowledge of the ATR aircraft. Seller shall
not be held liable for the unsatisfactory performance of any individual trainee for whatever reason. 

  

	3	TRAINING COURSES 

  

	3.1	Flight Crew Training 

 Flight Crew training services will include the following: 

 

	 	3.1.1	ATR Flight Crew Standard Course (Type Rating) for [*****] per Aircraft, that is for [*****] in total for the twenty (20) Firm Aircraft ordered hereunder. 

This training program is a [*****] training course that shall consist of a standard course as follows: 

 

	 	(1)	Ground training Instruction: [*****] 

  

	 	(2)	Synthetic Flight Training / FFT: [*****] 

  

	 	(3)	Synthetic Flight Training / FFS: [*****] 

  

	 	(4)	1 flight consisting of [*****] per pilot. 

 As prerequisites, each captain must hold a current
Airlines Transport Pilot Licence and should be in a position to justify having flown at least [*****] (or equivalent) and [*****] in a turbo-prop aircraft. The co-pilot shall be required to hold a current commercial pilot’s license with
instrument rating and multi-engine rating. Each pilot shall have crew co-ordination ability. 

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

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 Each crewmember should have been qualified and served in the same capacity on another
aircraft in the same group as the Aircraft (JAR 25/FAR 25 approved) within the last twelve months following the beginning of the training program. Trainees who do not meet such requirements must obtain a written approval from the Seller’s
training centre manager. 
 The flight training phase shall be performed on Buyer’s own aircraft after delivery (or if not possible for
practical reasons to have such flight training in Toulouse on Buyer’s Aircraft, Seller may decide by itself to use any other similar ATR aircraft available in France). Seller shall provide [*****], the services of flight instructors and the
line maintenance which shall include servicing and pre-flight checks. Buyer shall at its own expense, provide spare parts, as required, shall bear the cost of fuel and landing fees and shall contract third party liability insurance coverage, in a
form reasonably satisfactory to Seller. 
 It shall be responsibility of Buyer to obtain any authorisations and validations of flight
instructors’ licenses as may be required by the aviation authority having jurisdiction over the Aircraft. 
  

	 	3.1.2	ATR Type Rating Instructor (“TRI”) training for [*****] in total for the [*****] Firm Aircraft ordered hereunder. 

This TRI Training Course will be spread over [*****] and shall consist of an initial course as follows: 

 

					
	(1)	  	 Phase 1 – Ground Course:
	  	[*****]
			
	(2)	  	 Phase 2 – Simulator Instruction:
	  	[*****]
			
	(3)	  	 Phase 3 – Airborne Instruction
	  	[*****]
		  		  	[*****]

 TRI Module 1 training may be performed at Buyer’s main base by an ATR instructor. In such a case, Buyer
shall supply suitable classroom(s) and IT means and the ATR instructor’s travelling, living and any such similar expenses (in accordance with Seller’s prevailing travelling policy) shall be borne [*****]. 

Nb: Flight Instructors have to be approved by the local authority in order to become Check Pilots. 

 

	3.2	Cabin Attendant Training 

 Cabin Crew training services will include the following: 

 

	 	3.2.1	ATR Flight Attendant Instructor Training for [*****] Buyer’s flight attendant instructor per Aircraft, that is for [*****] flight attendant instructors in total for the [*****] Firm Aircraft ordered hereunder

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

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 The proposed Flight Attendant Instructor Training course is [*****] training course. 

Cabin crew training may be performed at Buyer’s main base on Buyer’s Aircraft by an ATR instructor. In such a case, Buyer shall
supply suitable classroom(s) and IT means and the ATR instructor’s travelling, living and any such similar expenses (in accordance with Seller’s prevailing travelling policy) shall be borne [*****]. 

 

	3.3	Mechanics Training 

 Mechanics training services will include the following PART 147 training:

  

	 	3.3.1	ATR Mechanics / Electrics T1 maintenance course (theoretical / module 1 / module 2) for [*****] Firm Aircraft ordered hereunder. 

The proposed T1 modules – theoretical, 1 (simulator) and 2 (on job training) – maintenance courses are respectively [*****] training
courses. 
 They are addressed to B1 category maintenance personnel who are required to issue certificates for release to service following
line and base maintenance including aircraft structure, power plants, mechanical and electric systems and replacement of avionics LRU, requiring simple tests to prove their serviceability. 

 

	 	3.3.2	ATR Avionics T1 additional modules maintenance course (theoretical / module 1 / module 2) for [*****] Firm Aircraft ordered hereunder. 

The proposed T1 additional modules – theoretical, 1 (simulator) and 2 (on job training) – maintenance courses are respectively
[*****] training courses. 
 They are addressed to maintenance personnel who are wishing to get upgraded from category B1 to category B2
with an additional training covering the avionics systems at level III. 
  

	 	3.3.3	ATR T4 Base Maintenance Certifying Engineer course for [*****] Firm Aircraft ordered hereunder. 

The proposed T4 course is a [*****] training courses based on CBT training. 

It is addressed to maintenance supervisors who are required to issue certificates of release to service following line and base maintenance
for the Aircraft. 
 T1 theoretical module, T1 additional theoretical module and T4 training may be performed at Buyer’s main base by an
ATR instructor. In such a case, Buyer shall supply suitable classroom(s) and IT means and the ATR instructor’s travelling, living and any such similar expenses (in accordance with Seller’s prevailing travelling policy) shall be borne
[*****] 

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

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 Mechanics training services will also include the following non PART 147 training: 

 

	 	3.3.4	ATR Engine Run-up maintenance course for [*****] Buyer’s mechanics per Aircraft, that is for [*****] mechanics in total for the [*****] Firm Aircraft ordered hereunder. 

The proposed training course is a [*****] training course performed on simulator only. 

As a prerequisite to enrolment on the courses outlined in this Clause 3.3, trainees must have a sound practical background in aircraft
maintenance. 
 Seller shall be entitled to regroup in the same course, trainees from different Buyers. 

For courses requesting a PART 147 approval, the trainees shall be in compliance with PART 147 prerequisites, which shall be provided, upon
Buyer’s request, by ATC. 
  

	3.4	Ground Staff Training 

 Seller shall provide Buyer the following ground staff courses 

 

	 	3.4.1	System General Familiarization training (duration: [*****]) for up to [*****] of Buyer’s management members in total; 

  

	 	3.4.2	Performance & Flight Planning training (duration: [*****] for [*****] Buyer’s ground staff member per Aircraft, that is for [*****] ground staff members in total for the [*****] Firm Aircraft ordered
hereunder; 

  

	 	3.4.3	Weight & Balance training (duration: [*****]) for [*****] Buyer’s ground staff member per Aircraft, that is for [*****] ground staff members in total for the [*****] Firm Aircraft ordered hereunder;

  

	 	3.4.4	FOS training (duration: [*****]) for [*****] Buyer’s ground staff member per Aircraft, that is for [*****] ground staff members in total for the [*****] Firm Aircraft ordered hereunder. 

Ground staff training may be performed at Buyer’s main base by an ATR instructor. In such a case, Buyer shall supply suitable classroom(s)
and IT means and the ATR instructor’s travelling, living and any such similar expenses (in accordance with Seller’s prevailing travelling policy) shall be borne [*****]. 

 

	4	SOFTWARE TOOLS & WEB TRAINING 

  

	4.1	ATR Course Software (“ACOS”) or successor software 

 Seller shall deliver to Buyer on
a [*****] basis for use in Buyer’s own training program [*****] training center licence (allowing simultaneous connection of up to [*****]) of the ATR Course Software (ACOS) incorporating all modules (Pilot, Flight Attendant and Maintenance) in
the ATR 72-600 version. 
 Seller shall also provide Buyer with the first annual revision service of such software. 

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

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 The ACOS software is a state-of-the-art program for Pilots, Mechanics and Flight Attendants.
It benefits from the use of the latest PC technologies in terms of interactivity, video integration, sounds and ergonomics. However, Seller reserves the right to replace the ACOS software by any state of the art CBT software of similar or higher
standard it may develop prior to the delivery of the Aircraft. 
  

	4.2	Web Training Software 

 Seller is currently developping a Web Based Trainer allowing as many
users as selected by Buyer to use Computer Based Training through internet. The use of such Web Based Trainer could perfectly supplement the ACOS (or its successor) software to be furnished hereunder for installation on Buyer’s training academy
server. 
 The usage of the above Web Based Trainer shall be granted to Buyer [*****] 

 

	4.3	Flight Operation Software (“FOS”) 

 Seller shall provide Buyer [*****] FOS modules 1
(Take-off & Landing Charts), 2 (In Flight Performance) and 4 (En Route Net Flight Path) for the ATR 72-600 version. 
 The above FOS
license may be installed on [*****] for the exclusive use of Buyer’s personnel. 
  

	5	TRAINING PACKAGE ADJUSTMENT 

  

	5.1	The training package set forth in Clause 3 of this Appendix J may be adjusted within the limit of the total amount to reflect actual requirements of Buyer. 

 

	5.2	Should Buyer elect to remove any service from the training package set forth in Clause 3 of this Appendix J, then Seller shall [*****] to the rates set forth in Exhibit A to this Appendix J, and provided that a minimum
training package is supplied by Seller to Buyer, as detailed in Exhibit A to this Appendix J. 

 The [*****] shall be available
to Buyer for [*****] 
  

	5.3	Should Buyer elect for the [*****], it shall be available to Buyer upon each Aircraft delivery and [*****] for each such individual Aircraft. 

 

	6	INDEMNITY AND INSURANCE 

 BUYER SHALL INDEMNIFY AND HOLD HARMLESS SELLER AND SELLER’S
EMPLOYEES AGAINST ALL LIABILITIES, DAMAGES, LOSSES AND JUDGEMENTS, COSTS, ATTORNEYS’ FEES AND OTHER EXPENSES RELATIVE THERETO WHICH MAY BE ASSERTED, ASSESSED OR ACCRUED AGAINST SELLER AND ITS EMPLOYEES BY REASON OF INJURY TO OR DEATH OF
BUYER’S PERSONNEL ARISING OUT OF OR IN CONNECTION WITH THE PRESENT CLAUSE, EXCEPT TO THE EXTENT OF SELLER’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 

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

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 SELLER SHALL INDEMNIFY AND HOLD HARMLESS BUYER AND BUYER’S EMPLOYEES FROM AND AGAINST
ALL LIABILITIES, DAMAGES, LOSSES AND JUDGMENTS, COSTS, ATTORNEYS’ FEES AND OTHER EXPENSES RELATIVE THERETO WHICH MAY BE ASSERTED, ASSESSED OR ACCRUED AGAINST BUYER AND ITS EMPLOYEES BY REASON OF INJURY TO OR DEATH OF SELLER’S EMPLOYEES
ARISING OUT OF OR IN CONNECTION WITH THE PRESENT CLAUSE EXCEPT TO THE EXTENT OF BUYER’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 
 IN
THE EVENT ANY CLAIM IS MADE OR SUIT IS BROUGHT AGAINST EITHER PARTY FOR DAMAGES, FOR DEATH OR INJURY, THE PARTY AGAINST WHOM CLAIM IS MADE OR SUIT IS BROUGHT, SHALL PROMPTLY GIVE NOTICE TO THE OTHER PARTY AND THE LATTER SHALL HAVE THE RIGHT TO
SUPERVISE AND CONDUCT THE DEFENCE THEREOF, OR TO EFFECT ANY SETTLEMENT WHICH IT, IN ITS OPINION, DEEMS PROPER. 
 BUYER SHALL BE SOLELY
LIABLE FOR AND HEREBY INDEMNIFIES AND HOLDS HARMLESS SELLER, ITS OFFICERS, AGENTS AND EMPLOYEES FROM AND AGAINST ALL LIABILITIES, DAMAGES, LOSSES, COSTS AND EXPENSES FOR LOSS OF OR DAMAGE TO PROPERTY HOWSOEVER ARISING OUT OF OR IN CONNECTION WITH
ANY SUCH TESTS, CHECK OUT AND CONTROLS UNDER THIS CLAUSE ARISING AFTER DELIVERY OF THE AIRCRAFT, EXCEPT WHERE IT ARISES FROM THE GROSS NEGLIGENCE OR WILFUL MISCONDUCT OF SELLER, ITS OFFICERS, AGENTS AND SUBCONTRACTORS. IN PERFORMING SUCH TESTS,
CHECK OUTS AND CONTROLS. 
 FOR THE FLIGHT TRAINING PERIOD AS DESCRIBED IN SUB-CLAUSES 3 OF THIS APPENDIX J, BUYER SHALL (1) INDEMNIFY
AND WAIVE ANY RIGHTS OF RECOURSES AGAINST SELLER AND ITS SUBCONTRACTORS IN RESPECT OF HULL ALL RISKS INSURANCE POLICY AND (2) NAME SELLER AND ITS SUBCONTRACTORS AS ADDITIONAL INSURED IN RESPECT OF THIRD PARTIES AND/OR PASSENGERS AND/OR FREIGHT
LIABILITY RISKS. 
 BUYER SHALL DELIVER TO SELLER A CERTIFICATE OF INSURANCE EVIDENCING THE COVERAGE REQUIRED BY THIS CLAUSE. 

  
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 EXHIBIT A TO 

APPENDIX J - CLAUSE 5 
 START-UP
TEAM CONVERSION RATES 
  

							
	 Training Package
	  	 Contract

Section
	  	 Minimum
Quantity to be
Supplied
	  	
Training
Conversion
Credit / Unit

				
	 Flight Crew Training
	  		  		  	
	 ATR 72-600 Transition Training (5 weeks)
	  	Appendix J - 3.1.1	  	[*****]	  	[*****]
	 ATR 72-600 Type Rating Instructor Course
	  	Appendix J - 3.1.2	  	[*****]	  	[*****]
	 ATR 72-600 Aircraft Renting (TRI Course)
	  	Appendix J - 3.1.2	  	[*****]	  	[*****]
				
	 Cabin Crew Training
	  		  		  	
	 Cabin Attendant Instructor Training
	  	Appendix J - 3.2.1	  	[*****]	  	[*****]
				
	 Mechanics Training
	  		  		  	
	 T1 Avionics / Electrics Training
	  	Appendix J - 3.3.1	  	[*****]	  	[*****]
	 T1 Difference Training
	  	Appendix J - 3.3.2	  	[*****]	  	[*****]
	 Base Maintenance Certifying Training
	  	Appendix J - 3.3.3	  	[*****]	  	[*****]
	 Engine Run-up Training
	  	Appendix J - 3.3.4	  	[*****]	  	[*****]
				
	 Ground Staff Training
	  		  		  	
	 General Familiarization Course
	  	Appendix J - 3.4.1	  	[*****]	  	[*****]
	 Performance & Flight Planning Training
	  	Appendix J - 3.4.2	  	[*****]	  	[*****]
	 Weight & Balance Training
	  	Appendix J - 3.4.3	  	[*****]	  	[*****]
	 FOS Training
	  	Appendix J - 3.4.4	  	[*****]	  	[*****]

  
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 APPENDIX K 

PAYMENT INSTRUCTIONS 
  

 
 All payments due to Seller under this Contract
shall be made to: 
  

					
	Bank	 	:	  	[*****]
			
	Beneficiary	 	:	  	Avions de Transport Régional (ATR).
			
	Bank Code	 	:	  	[*****]
	Branch Code	 	:	  	[*****]
			
	Account No	 	:	  	[*****]
	Swift Code	 	:	  	[*****]
			
	IBAN	 	:	  	[*****]
			
	Reference	 	:	  	Sale of ATR 72-600 aircraft

 Or such other account as Seller may notify in writing from time to time to Buyer at least [*****] prior to the date such
payment is due 

  
 [*****] Confidential material
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 APPENDIX L 

PERFORMANCE GUARANTEE 
  

 
 [*****] 

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

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 [*****] 

  
 [*****] Confidential material
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 [*****] 

  
 [*****] Confidential material
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 [*****] 

  
 [*****] Confidential material
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 [*****] 

  
 [*****] Confidential material
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 [*****] 

  
 [*****] Confidential material
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 APPENDIX M 

DISPATCH RELIABILITY GUARANTEE 
  

 
 [*****] 

  
 [*****] Confidential material
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 [*****] 

  
 [*****] Confidential material
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 [*****] 

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

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 [*****] 

  
 [*****] Confidential material
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 APPENDIX N 

OPTION AIRCRAFT 
  

 
  

	1	SCOPE 

 In consideration of Buyer purchasing from Seller the twenty (20) Firm Aircraft
Buyer shall have the right to acquire up-to ten (10) optional new ATR 72-600 aircraft (the “Option Aircraft”) in addition to the twenty (20) Firm ATR 72-600 Aircraft [*****] 

 

	2	EXERCISE OF OPTION 

  

	2.1	Buyer shall notify Seller in writing, no later than [*****] prior to the scheduled delivery date as set forth in Clause 4 hereof (the “Option Notification Date”) of its intent to exercise the option to
purchase any Option Aircraft. 

  

	2.2	Upon exercise of such option to purchase each Option Aircraft, Buyer shall pay the First Pre-Delivery Payment for such Option Aircraft as mentioned in clause 6.2.1 of this Contract, upon which payment such exercised
Option Aircraft shall become an Aircraft for the purpose of this Contract and, unless specified otherwise, the terms and conditions of this Contract in respect of the Aircraft firmly ordered shall apply mutatis mutandis to such exercised
Option Aircraft. 

  

	3	OPTION AIRCRAFT SPECIFICATION 

 The Option Aircraft shall be manufactured under the
Specification. 
  

	4	OPTION AIRCRAFT DELIVERY 

 The Option Aircraft can be made available for delivery to Buyer
according to the following delivery schedule: 
  

					
	Option Aircraft	  	Aircraft Number	  	 Option Aircraft Scheduled
 Delivery
Date

			
	Option Aircraft N° 1	  	Aircraft N° 21	  	June 2013
			
	Option Aircraft N° 2	  	Aircraft N° 22	  	July 2013
			
	Option Aircraft N° 3	  	Aircraft N° 23	  	August 2013
			
	Option Aircraft N° 4	  	Aircraft N° 24	  	September 2013
			
	Option Aircraft N° 5	  	Aircraft N° 25	  	October 2013
			
	Option Aircraft N° 6	  	Aircraft N° 26	  	November 2013
			
	Option Aircraft N° 7	  	Aircraft N° 27	  	December 2013
			
	Option Aircraft N° 8	  	Aircraft N° 28	  	January 2014
			
	Option Aircraft N° 9	  	Aircraft N° 29	  	February 2014
			
	Option Aircraft N° 10	  	Aircraft N° 30	  	March 2014

  
 [*****] Confidential material
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 The provisions of Clause 9.2 to 9.5 of this Contract shall apply mutatis mutandis to any
exercised Option Aircraft. 
  

	5	OPTION AIRCRAFT PRICE 

 The Option Aircraft shall be [*****] 

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

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 APPENDIX O 

ADDITIONAL AIRCRAFT 
  

 
  

	1	SCOPE 

 Seller hereby grants to Buyer the option to acquire up to a total of [*****] (the
“Additional Aircraft”) in addition to the twenty (20) Firm Aircraft and to the ten (10) Option Aircraft. 
  

	2	EXERCISE OF PURCHASE RIGHTS 

  

	2.1	Buyer may at any time on or prior to December 31st, 2013 exercise its purchase right for any Additional Aircraft, subject to: 

  

	 	(i)	Buyer having no remaining right to exercise any Option Aircraft in accordance with Appendix N (Option Aircraft) hereof; 

  

	 	(ii)	Written notification (the “Purchase Right Exercise Notice”) by Buyer of such purchase right exercise including the Additional Aircraft scheduled delivery date sought by Buyer for such Additional Aircraft;

  

	 	(iii)	Availability of aircraft at the scheduled delivery date requested by Buyer, being understood that should such Additional Aircraft delivery position requested by Buyer not being available, Seller shall propose to Buyer
the next available ATR 72-600 delivery position. 

  

	2.2	Upon exercise of such purchase right for any Additional Aircraft, Buyer shall pay the First Pre-Delivery Payment for such Additional Aircraft as mentioned in clause 6.2.1 of this Contract (and other pre-delivery
payments as they may fall due pursuant to Clause 6.2 of this Contract), upon which payment such exercised Additional Aircraft shall become an Aircraft for the purpose of this Contract and, unless specified otherwise, the terms and conditions of this
Contract in respect of the Aircraft firmly ordered shall apply mutatis mutandis to such exercised Additional Aircraft 

  

	3	ADDITIONAL AIRCRAFT SPECIFICATION 

 The Additional Aircraft shall be manufactured under the
Specification. 
  

	4	ADDITIONAL AIRCRAFT DELIVERY 

  

	4.1	Within [*****] from receipt from Buyer of the Purchase Right Exercise Notice for any Additional Aircraft, Seller shall notify to Buyer the effective delivery date for that Additional Aircraft (the “Additional
Aircraft Scheduled Delivery Date”) in accordance with Clause 2 of this Appendix O. 

  

	4.2	The Additional Aircraft Scheduled Delivery Date so notified will be reserved for Buyer upon payment of the First Pre-Delivery Payment for that exercised Additional Aircraft. 

  
 [*****] Confidential material
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	4.3	The provisions of Clause 9.2 to 9.5 of this Contract shall apply mutatis mutandis to any exercised Additional Aircraft. 

  

	5	ADDITIONAL AIRCRAFT PRICE 

 The Additional Aircraft shall be offered [*****] 

In particular, [*****] 

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

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 APPENDIX P 

USED AIRCRAFT OPERATING LEASE TERMS 
  

 
  

									
	1.	  	LESSOR	 	:    	  	AVIONS DE TRANSPORT REGIONAL, “Groupement d’Intérêt Economique” governed by the Laws of France, the head office of which is located at 1, Allée Pierre Nadot, 31712 BLAGNAC CEDEX,
FRANCE, or any other company designated by Seller as owner of the Used Aircraft,
				
		  		 		  	(hereinafter the “Lessor”).
				
	2.	  	LESSEE	 	:	  	AZUL LINHAS AEREAS BRASILEIRAS S/A a company incorporated under the laws of Brazil, the registered office of which is located at Alameda Surubiju, 2010 – Alphaville Industrial, Barueri, SAO PAULO, BRAZIL,
				
		  		 		  	(hereinafter the “Lessee”).
				
	3.	  	AIRCRAFT	 	:	  	[*****] used ATR 72-200 bearing Manufacturer Serial Number MSN [*****] (or substitutes therefor) powered by two Pratt and Whitney PW124B engines, or any other used ATR aircraft that Seller may propose pursuant to the
provisions of Section 16 of this Appendix P.
				
		  		 		  	(individually or collectively the “Used Aircraft”)
				
		  		 		  	The Used Aircraft shall be delivered in “as is, where is” and “fly away” conditions. However, the Used Aircraft shall be in the conditions outlined hereafter:
					
		  		 		  	(i)	 	Airworthy;
					
		  		 		  	(ii)	 	With all of the Aircraft equipment, components, systems, parts and each engine and propeller functioning and installed in accordance with manufacturers recommendations;
					
		  		 		  	(iii)	 	With an Export Certificate of Airworthiness issued by the French DGAC (or equivalent document);
					
		  		 		  	(iv)	 	In a condition qualifying for the issuance of a certificate of airworthiness by ANAC, subject always to such exemptions as might be granted by ANAC to issue such certificate of airworthiness (in particular with respect to FAR
121.344 requirements)
					
		  		 		  	(v)	 	In a clean condition by international standards allowing immediate commercial passengers operations;
					
		  		 		  		 	The Operating Lease Agreements will contain detailed delivery conditions relating to panels, ceilings, floors, bins, etc ... based on standard industry practices.

  
 [*****] Confidential material
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		  		 		 	(vi)	 	With [*****] passenger seats equipped with [*****] grey leather covers, and [*****] recovered carpets.
					
		  		 		 		 	Seats types may be different from one Used Aircraft to the other. However, seats covers and carpets shall be made in identical material for all Used Aircraft.
					
		  		 		 	(vii)	 	With exterior livery painted in Buyer’s livery to be communicated by Buyer to Seller not later than [*****] prior to the first Used Aircraft Delivery;
					
		  		 		 	(viii)	 	With interior and exterior placards in English, except for those needing to be bilingual according to Brazilian regulations which shall be in Brazilian Portuguese / English;
					
		  		 		 	(ix)	 	Weighed following painting in Buyer’s livery;
					
		  		 		 	(x)	 	Equipped, where not already specified with ACAS Ch. 7, B-RNAV compliant GPS system coupled with EFIS, Single HF system and 2nd ADF;
					
		  		 		 	(xi)	 	Embodied with all EASA Airworthiness Directives and mandatory Service Bulletins affecting the Aircraft and / or the engines issued prior to the delivery of each Used Aircraft and having a compliance date [*****] months after the
delivery date of each such Used Aircraft (whichever is less);
					
		  		 		 	(xii)	 	With no deferred maintenance or waivers;
					
		  		 		 	(xiii)	 	With no temporary or time-limited structural repairs unless permanent repair is not available.
					
		  		 		 		 	No special or unique inspection or check requirements which are specific to the Used Aircraft (as opposed to all aircraft of the same model) will exist with respect to the Aircraft so long as such unique inspection can be avoided by
the execution of a permanent repair that is available;
					
		  		 		 	(xiv)	 	Fresh from a recent [*****] and from any other airframe check of lower interval than those two checks;
					
		  		 		 	(xv)	 	Clear for airframe structural checks (C check, 2 Ye / 4Ye / 8 Ye / 36,000 Cy inspection) having a compliance date falling within the [*****] each Used Aircraft (whichever is less).
					
		  		 		 		 	An average annual utilisation of [*****] and [*****] shall be considered for the purpose of this Section D.3(xiv);
					
		  		 		 	(xvi)	 	With a minimum of [*****] (whichever is the limiting factor) on the propellers, landing gear and other time (or life) limited components [*****] to the next scheduled overhaul (or replacement) unless mutually agreed
otherwise.

  
 [*****] Confidential material
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		  		 		 		 	Those time (or life) limited components for which the total limit is less than [*****] months shall have a minimum of [*****] remaining to the next overhaul (or replacement);
					
		  		 		 	(xvii)	 	With engines having elapsed less than [*****] since last Hot Section Inspection and less than [*****] since last Overhaul;
					
		  		 		 		 	Each engine life limited part located in the hot section (including HP blades) of any engine shall have a minimum of cycles remaining equal to [*****] less the number of flight hours elapsed since the last Hot Section Inspection of
that engine.
					
		  		 		 		 	Each engines life limited part located in the cold section of any engine shall have a minimum of cycles remaining equal to [*****] less the number of flight hours elapsed since the last Overhaul of that engine.
					
		  		 		 		 	A comprehensive borescope inspection of each Used Aircraft engine will be performed by Seller upon each relevant delivery.
					
		  		 		 	(xviii)	 	With brakes having an average over the Used Aircraft fleet of [*****] remaining;
					
		  		 		 	(xix)	 	With tyres having an average over the Used Aircraft fleet of [*****] remaining; and
					
		  		 		 	(xx)	 	Free and clear of any operational liens on Delivery.
				
		  		 		 	After execution of the definitive Operating Lease Agreement(s), additional changes and in particular changes due to the further local Aviation Authority requirements may also be incorporated in the Used Aircraft
specification upon terms and conditions to be agreed concerning the effect on performance, delivery dates and price of the Used Aircraft.
				
	4.	  	OPERATING LEASE AGREEMENTS	 	:    	 	The parties agree that the operating lease of the Used Aircraft remains subject to the negotiation and to the execution not later than [*****] prior to the Delivery Date of each Used Aircraft of a mutually satisfactory
definitive operating lease agreement (with respect to each Aircraft the “Operating Lease Agreement” and collectively the “Operating Lease Agreements”), the basic terms and conditions of which are outlined below and that the lease
of the Used Aircraft shall be effective only upon such execution.
				
	5.	  	DELIVERY	 	:	 	The Used Aircraft shall be delivered to the Lessee according to the following schedule (the “Delivery Date”):

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

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		  		 		 	–	  	One (1) in December 2010 : MSN 519
					
		  		 		 	–	  	One (1) in January 2011 : MSN 523
					
		  		 		 	–	  	The remaining six (6) between February and June 2011.
				
		  		 		 	The exact Delivery Dates and the exact MSN will be notified to the Lessee as soon as practicable and at the latest at the stage of each Used Aircraft Operating Lease agreement negotiation.
				
		  		 		 	Notwithstanding the above Delivery Date, and with the exception of the [*****] Used Aircraft, the Used Aircraft shall not be delivered earlier than [*****] after execution of the relevant Operating Lease
Agreement.
				
		  		 		 	The Used Aircraft shall be delivered to the Lessee at Toulouse (France) airport or any such other European airport as the Lessor may notify in writing to the Lessee.
				
	6.	  	LEASE TERM	 	:    	 	The lease period for the Used Aircraft shall be approximately [*****], depending on the Used Aircraft.
				
		  		 		 	The Used Aircraft shall be returned to the Lessor according to the following schedule:
						
		  		 		 	–	  	Used Aircraft N°1 :	  	Upon delivery of Aircraft N°4 (scheduled for January 2012 according to the delivery Schedule set forth in Clause 9.1 of this Contract)
						
		  		 		 	–	  	Used Aircraft N°2 :	  	Upon Delivery of Aircraft N°6 (scheduled for March 2012 according to the delivery Schedule set forth in Clause 9.1 of this Contract)
						
		  		 		 	–	  	Used Aircraft N°3 :	  	Upon Delivery of Aircraft N°8 (scheduled for May 2012 according to the delivery Schedule set forth in Clause 9.1 of this Contract)
						
		  		 		 	–	  	Used Aircraft N°4 :	  	Upon Delivery of Aircraft N°9 (scheduled for June 2012 according to the delivery Schedule set forth in Clause 9.1 of this Contract)
						
		  		 		 	–	  	Used Aircraft N°5 :	  	Upon Delivery of Aircraft N°10 (scheduled for July 2012 according to the delivery Schedule set forth in Clause 9.1 of this Contract)
						
		  		 		 	–	  	Used Aircraft N°6 :	  	Upon Delivery of Aircraft N°11 (scheduled for August 2012 according to the delivery Schedule set forth in Clause 9.1 of this Contract)
						
		  		 		 	–	  	Used Aircraft N°7 :	  	Upon Delivery of Aircraft N°12 (scheduled for September 2012 according to the delivery Schedule set forth in Clause 9.1 of this Contract)

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

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		  		 		 	    –  Used Aircraft N°8 :	 	Upon Delivery of Aircraft N°13 (scheduled for October 2012 according to the delivery Schedule set forth in Clause 9.1 of this Contract)

									
				
		  		 		 	The Lessor reserves the right to select which specific MSN shall be returned [*****], subject to giving the Lessee a notice thereof at the latest on [*****]
				
	7.	  	LEASE RENTALS	 	: 	 	Rentals throughout the Lease Term of each Used Aircraft (the “Rents”) shall be [*****], prorated for a shorter period.
				
		  		 		 	All Rents payable hereunder shall be paid in [*****] and shall be net of withholding or any other tax or deduction.
				
		  		 		 	This is a net lease and the rights of the Lessor in and to the Rents shall be absolute and unconditional and shall not be subject to any reduction, set-off, defence, counterclaim or recoupment for any reason
whatsoever.
					
	8.	  	SECURITIES	 	:     	 	8.1	 	Used Aircraft [*****]
					
		  		 		 		 	Buyer has already provided Seller in the form of [*****] in the amount of [*****] per Used Aircraft for each of the [*****] Used Aircraft.
					
		  		 		 		 	The Used Aircraft [*****] for any Used Aircraft shall be [*****] upon payment by the Lessee of the [*****] for that Used Aircraft pursuant to the relevant Operating Lease Agreement.
					
		  		 		 		 	The Used Aircraft [*****] will be the property of the Lessor and [*****] except as specifically provisioned under this Agreement.
					
		  		 		 	8.2	 	First Deposit
					
		  		 		 		 	Upon execution of the Operating Lease Agreement for any Used Aircraft, the Lessee shall provide the Lessor [*****] for that Used Aircraft.
					
		  		 		 		 	In case of Seller or any Seller’s subsidiary being the Lessor of any Aircraft (as opposed to a third party lessor that is unrelated to Seller), the [*****]

  
 [*****] Confidential material
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		  		 		 	8.3	 	Second Deposit
					
		  		 		 		 	On or prior to the delivery of any Used Aircraft, the Lessee shall provide the Lessor [*****] in an amount equal to [*****].
					
		  		 		 	8.4	 	Security
					
		  		 		 		 	The aggregate of [*****] for each Used Aircraft shall constitute [*****] upon such Used Aircraft delivery and shall be [*****] under the relevant Operating Lease Agreement.
					
		  		 		 		 	If the Lessee fails to comply with any provision of the relevant Operating Lease Agreement or any event of default occurs and is continuing, the Lessor may immediately or at any time thereafter without prior written notice to the
Lessee [*****]
					
		  		 		 	8.5	 	[*****]
					
		  		 		 		 	At Buyer’s request, [*****]
				
	9.	  	 OPERATING

COSTS
	 	:    	 	The lease of the Used Aircraft is on the basis of a net lease and the Lessee shall be responsible for all costs (save as agreed otherwise herein) associated with the delivery and redelivery, possession, insurance,
operation, maintenance and use of the Used Aircraft including taxes, withholdings and duties of any kind.
				
		  		 		 	The Lessor shall however be responsible for its own income taxes in any relevant jurisdiction.
					
	10.	  	MAINTENANCE	 		 	10.1	 	General Principles
					
		  		 		 		 	The Used Aircraft shall be maintained to the Lessee’s certification authority and country of register’s certification authority approved maintenance program by a maintenance contractor reasonably approved by the Lessor and
at the expense of the Lessee.
					
		  		 		 		 	In the event of the Lessee performing scheduled maintenance during the Lease Term on any Used Aircraft propeller, landing gear or

  
 [*****] Confidential material
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		  		 		 		 	engine, the Lessor shall bear the cost of leasing a replacement propeller, landing gear or engine (as applicable, with the exception however of those engines that have been delivered to the Lessee fresh from HSI or overhaul). The
Lessee shall however continue to pay to the Lessor Supplemental Rents for the hours accumulated on such propeller, landing gear or engine (as applicable).
					
		  		 		 		 	Notwithstanding the above, the Lessor shall bear the cost of any Used Aircraft unscheduled airframe maintenance, if the reason of such maintenance is a defect existing on such Used Aircraft on or prior its delivery to the
Lessee.
					
		  		 		 	10.2	 	Mandatory Modifications
					
		  		 		 		 	The Used Aircraft shall be in compliance with all Airworthiness Directives and all Service Bulletins mandatory issued during the Lease Term affecting the Used Aircraft and having a compliance date within the lease term.
					
		  		 		 		 	 Should the Lessee be obliged to implement a mandatory modification on the Used Aircraft so as to conform with the above paragraph, then the
Lessor shall make a contribution to the cost of such mandatory modification by payment to the Lessee of an amount equal to:
  

[*****]

				
	11	  	[*****]	 	:    	 	The Lessee shall pay [*****] to the Lessor each month [*****]
				
		  		 		 	As a separate obligation, the Lessor shall make [*****] to the Lessee, upon submission by the Lessee to the Lessor of invoices evidencing [*****]
				
		  		 		 	Payments of [*****] and of [*****] shall be governed by a [*****] (with respect to each Aircraft the [*****]

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 146 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

									
				
		  		 		 	Each [*****] shall be substantially the same (except for the specifics of each Used Aircraft such as MSN and delivery date) as the [*****] already executed by and between the Lessor and the Lessee for the
[*****]
				
	12.	  	INSURANCE	 	:    	 	The Lessee shall at all times during the Lease Term and at its own expense maintain comprehensive airline liability insurance, including passenger, baggage, cargo and Airline General Third Party Legal Liability, all
risks hull and hull war, confiscation, nationalization, expropriation, political risk and related perils. The Lessor shall be named as additional insured in respect of liability insurance and as sole loss payee with respect to the hull
insurance.
				
		  		 		 	With respect to all risks hull and war and allied perils insurance, the Lessor shall be the sole Loss Payee. Public Liability insurance shall have a minimum coverage of [*****]
				
	13.	  	REGISTRATION	 	:	 	The Aircraft shall remain throughout the Lease Term under the Brazilian Register or under any other register that the Lessor in its sole discretion may approve, subject to the Lessee providing the appropriate
securitization for de-registration purpose.
				
		  		 		 	In this respect, a set of documents including but not limited to a de-registration power of attorney and a legal opinion shall be asked to be provided by the Lessee at Lessee’s cost within the lease documents in
order to make the Lessor’s rights enforceable.
				
	14.	  	RETURN CONDITIONS	 	:	 	The Aircraft shall be returned in Toulouse airport (France) or such other European airport as may be notified in writing by the Lessor to the Lessee.
				
		  		 		 	The Aircraft shall be returned to the Lessor with a valid Export Certificate of Airworthiness or equivalent document issued by the certification authority of the country of registration and in a state and condition
reflecting in essence the delivery conditions set forth in this Appendix P.
				
		  		 		 	The Lessee shall however be waived from any minimum remaining life constraints affecting the airframe, the engines, the propellers, the landing gears and other time or life limited components.
				
	15.	  	COSTS AND EXPENSES	 	:	 	The Lessor and the Lessee shall each be responsible for their own legal fees incurred in the negotiation of the Operating Lease Agreements.
				
		  		 		 	The Lessee shall be responsible for all costs associated with perfecting the Lessor’s ownership interest and the Operating Lease Agreements in the state of registration, the state of habitual base of the Aircraft
(and other states as appropriate given the operation of the Aircraft).

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 147 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

									
				
		  		 		 	The Lessee shall also be responsible for all costs incurred by the Lessor in connection with the enforcement of preservation of Lessor’s rights under the Operating Lease Agreements.
				
	15.	  	GOVERNING LAW	 	:	 	Each of the Operating Lease Agreements and all operative documents shall be construed, governed by and performance thereof shall be determined in accordance with the laws of New York. Any dispute under the Operating
Lease Agreements shall be submitted and finally resolved by the courts of the State of New York.
				
	16.	  	USED AIRCRAFT	 	:    	 	Seller reserves the right to [*****] being understood that (i) [*****] and (ii) [*****]
		  	[*****]	 		 	
				
		  		 		 	In such an event, the provisions of this Appendix P shall remain valid.

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 148 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 APPENDIX Q 
  

 
 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 149 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 150 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 151 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 152 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 153 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 154 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 155 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

[*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 156 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 157 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 158 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 159 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 160 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 161 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 162 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 163 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 164 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 165 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 166 - 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution version 

 

 [*****] 

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

 ATR / Canela – Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 167 - 

 Execution version 

 

 APPENDIX R 

FORM OF AIRCRAFT CERTIFICATE OF ACCEPTANCE 
  

 
 This Certificate of Acceptance is delivered on the
date set forth below by CANELA INVESTMENTS LLC (the “Buyer”) to AVIONS DE TRANSPORT REGIONAL (the “Seller”), pursuant to an aircraft sale and purchase contract dated as of
15th December 2010 between Seller and Buyer (the “Contract”). Terms used in this Certificate of Acceptance shall have the meaning given to such terms in the Contract. 

The Acceptance Flight Tests relating to the ATR 72-600 Aircraft, Manufacturer’s Serial Number [MSN], Registration Marks [    ], have
been carried out at Seller’s delivery center located at Toulouse, France, on the [day]th day of [month] [year]. 

In view of said tests having been carried out with satisfactory results, CANELA INVESTMENTS LLC whose main address is at Corporation Trust Center, 1209 Orange
Center, Wilmington, U.S.A, hereby irrevocably approves this Aircraft as being in conformity with the provisions of the aforesaid Contract. 
 Said
Acceptance does not impair the rights that CANELA INVESTMENTS LLC may derive from the warranties granted by AVIONS DE TRANSPORT REGIONAL. 
 Made in
Blagnac, on this [day]th day of [month] [year] 
 For and on behalf of 

CANELA INVESTMENTS LLC 
 Name: 

Title: 
 Signature: 

Date: 

  
 ATR / Canela –
Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 168 - 

 Execution version 

 

 APPENDIX S 

FORM OF AIRCRAFT BILL OF SALE 
  

 
 Know all men by these presents that the
undersigned AVIONS DE TRANSPORT REGIONAL (“ATR”), a French “Groupement d’Intérêt Economique” whose registered address is 1, Allée Pierre Nadot - 31712 Blagnac Cedex, FRANCE, is the owner of
the full legal and beneficial title of the following Aircraft: 
  

					
	MANUFACTURER OF AIRCRAFT	  	MANUFACTURER OF PROPULSION SYSTEM
		
	ATR	  	PRATT & WHITNEY CANADA INC.
		
	MODEL	  	MODEL
			
	ATR 72-600	  	PW 127 M	  	- engines
		  	568F-1	  	- propellers
		
	MANUFACTURER SERIAL NUMBER	  	MANUFACTURER SERIAL NUMBERS
			
	[     ]	  	L/H engine:	  	[     ]
		  	R/H engine:	  	[     ]
			
		  	L/H propeller:	  	[     ]
		  	R/H propeller:	  	[     ]
			
	REGISTRATION MARKS	  		  	
			
	[     ]	  		  	

 That such title to said Aircraft is free and clear of all mortgages or other encumbrances. 

The Groupement d’Intérêt Economique AVIONS DE TRANSPORT RÉGIONAL whose registered office is situated at 1, Allée Pierre Nadot
- 31712 BLAGNAC CÉDEX, FRANCE does this [day] day of [month] [year], sell, grant, transfer and deliver all of its above described right, title to the above described Aircraft together with all equipment installed therein unto CANELA
INVESTMENTS LLC whose main address is at Corporation Trust Center, 1209 Orange Center, WILMINGTON, U.S.A and to its successors and assigns forever, said Aircraft to be registered as the property of CANELA INVESTMENTS LLC 

In witness whereof, the present document has been executed by a duly authorized representative. 

Made in Blagnac, on this [day] day of [month] [year] 
 For and
on behalf of 
 AVIONS DE TRANSPORT REGIONAL 
 Name: 

Title: 
 Signature: 

  
 ATR / Canela –
Sale & Purchase Contract – 20 Firm + 20 Option ATR 72-600 

  
 - 169 - 

 DATED DECEMBER 22nd 2011 

AVIONS DE TRANSPORT REGIONAL G.I.E. 

as Seller 
 and 

CANELA INVESTMENTS LLC 
 as Buyer

 AMENDMENT AGREEMENT N°1 

In respect of a 
 SALE AND
PURCHASE CONTRACT 
 DATED DECEMBER 14th 2010 

 CONFIDENTIAL TREATMENT REQUESTED 

Execution Version 
 THIS AMENDMENT AGREEMENT
N°l is made on the 22nd day of December 2011. 
 BETWEEN: 

 

	(1)	AVIONS DE TRANSPORT REGIONAL, a “Groupement d’Interét Economique” governed by the laws of France, identified under number 323 932 236 RCS Toulouse, the head office of which is located at 1.
Allée Pierre Nadot, 31712 BLAGNAC CEDEX, FRANCE (hereinafter referred to as “Seller”, which expression shall include its successors or permitted assignees unless the context otherwise requires) on the one part; 

AND 
  

	(2)	CANELA INVESTMENTS LLC, a limited liability company organized and existing under the laws of Delaware, with its main address at Corporation Trust Center, 1209 Orange Center, Wilmington, U.S.A (hereinafter referred to as
the “Buyer”). 

 WHEREAS 
  

	(1)	On December 14th 2010, Canela Investments LLC (the “Buyer”) and Avions de Transport Régional (the “Seller”) have entered into a sale
and purchase contract (as amended and supplemented from time to time, the “Contract”) relating to the purchase of twenty (20) firm ATR 72-600 aircraft and up to twenty (20) optional ATR 72-600 aircraft (the “Aircraft”).

  

	(2)	Buyer and Seller now wish to amend the terms of the Contract. 

 NOW THEREFORE, 

for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the parties hereto, the parties hereto agree as follows:

  

	1.	DEFINITIONS 

  

	1.1	All capitalised terms used herein and not otherwise defined shall have the meaning ascribed thereto in the Contract. 

  

	2.	AMENDMENT TO CLAUSE 6 OF THE CONTRACT 

  

	2.1	In Clause 6.2.1.2 of the Contract, the words [*****] wherever they appear, shall be deleted and replaced by the words [*****] 

  

	3.	AMENDMENT TO APPENDIX J OF THE CONTRACT 

  

	3.1	In Clause 4.2 of Appendix J (Training) of the Contract, the last paragraph shall be deleted in its entirety and replaced by the following paragraph: 

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

  

			
	 ATR / Canela – 20 Firm + 10 Option + 10 Additional ATR 72-600 Aircraft

Sale and Purchase Contract – Amendment Agreement N°1
	 	Page 2

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Execution Version 

 

 “The usage of the above Web Based Trainer shall be granted to Buyer [*****] 

 

	3.2	In Clause 4.3 of Appendix J (Training) of the Contract, the first paragraph shall be deleted in its entirety and replaced by the following paragraph: 

“Seller shall provide Buyer [*****] 
  

	3.3	The following new clause 4.4 shall be added after Clause 4.3 of Appendix J (Training) of the Contract: 

  

	 	“4.4	Single-point Performance Software (“SPS”) 

 Seller shall provide Buyer [*****] 

The above SPS license may be installed [*****] 
  

	4.	MISCELLANEOUS 

  

	4.1	This Amendment Agreement N°1 (the “Amendment Agreement N°l”) to the Contract (i) is an integral part thereof, (ii) is subject to all of the terms and conditions contained therein and
(iii) evidences our further agreement with respect to the matters set forth below. 

  

	4.2	Unless the context otherwise requires, capitalised terms used herein and not otherwise defined in this Amendment Agreement N°1 shall have the same meanings ascribed to them in the Contract. In the event of
contradiction between the terms of this Amendment Agreement N°1 and the terms of the Contract, the terms of this Amendment Agreement N°1 shall prevail. 

  

	4.3	Section headings and/or numberings are inserted for convenience only and shall not in any way affect the interpretation of this Amendment Agreement N°1 and/or of the Contract. 

 

	4.4	Seller hereby makes for the benefit of Buyer each of the representations made pursuant to Clause 25.3 of the Contract as of the date hereof with reference to the circumstances existing as of the date hereof

  

	4.5	Buyer hereby makes for the benefit of Seller each of the representations made pursuant to Cause 25.4 of the Contract as of the date hereof with reference to the circumstances existing as of the date hereof.

  

	4.6	The provisions of Clause 27 (Applicable Law & Arbitration) of the Contract shall apply mutatis mutandis to this Amendment Agreement N°1. 

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

  

			
	 ATR / Canela – 20 Firm + 10 Option + 10 Additional ATR 72-600 Aircraft

Sale and Purchase Contract – Amendment Agreement N°1
	 	Page 3

 Execution Version 

 

 If the terms of this Amendment Agreement N°1 meet your approval please so indicate by signing in the
space provided below. 
  

							
	For and on behalf of	  		 	For and on behalf of
			
	CANELA INVESTMENTS LLC	  		 	AVIONS DE TRANSPORT REGIONAL
	Signature:	 	 /s/ Gerald B. Lee
	  		 	Signature: /s/ J. Desbarats
				
	Executed by:	 	Gerald B. Lee	  		 	Executed by: J. Desbarats
	Title:	 	 Managing Director
	  		 	Title: SVP Commercials
				
	Date:	 	December 22, 2011	  		 	Date: December 22nd, 2011

  

			
	 ATR / Canela – 20 Firm + 10 Option + 10 Additional ATR 72-600 Aircraft

Sale and Purchase Contract – Amendment Agreement N°1
	 	Page 4

 DATED DECEMBER 4TH 2012 

AVIONS DE TRANSPORT REGIONAL G.I.E. 

as Seller 
 and 

CANELA INVESTMENTS LLC 
 as Buyer

 AMENDMENT AGREEMENT N°2 

In respect of a 
 SALE AND
PURCHASE CONTRACT 
 DATED DECEMBER 14th 2010 

 CONFIDENTIAL TREATMENT REQUESTED 

Execution Version 
 THIS AMENDMENT AGREEMENT
N°2 is made on the 4th day of December 2012. 
 BETWEEN: 

 

	(1)	AVIONS DE TRANSPORT REGIONAL, a “Groupement d’Interét Economique” governed by the laws of France, identified under number 323 932 236 RCS Toulouse, the head office of which is located
at 1, Allée Pierre Nadot, 31712 BLAGNAC CEDEX, FRANCE (hereinafter referred to as “Seller”, which expression shall include its successors or permitted assignees unless the context otherwise requires) on the one part;

 AND 
  

	(2)	CANELA INVESTMENTS LLC, a limited liability company organized and existing under the laws of Delaware, with its main address at Corporation Trust Center, 1209 Orange Center, Wilmington, U.S.A (hereinafter referred to as
the “Buyer”). 

 WHEREAS 
  

	(1)	On December 14th 2010, Canela Investments LLC (the “Buyer”) and Avions de Transport Régional (the “Seller”) have entered into a sale
and purchase contract (as amended and supplemented from time to time, the “Contract”) relating to the purchase of twenty (20) firm ATR 72-600 aircraft and up to twenty (20) optional ATR 72-600 aircraft (the “Aircraft”).

  

	(2)	Buyer and Seller now wish to amend the terms of the Contract. 

 NOW THEREFORE, 

for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the parties hereto, the parties hereto agree as follows:

  

	1.	DEFINITIONS 

  

	1.1	All capitalised terms used herein and not otherwise defined shall have the meaning ascribed thereto in the Contract. 

  

	2.	AMENDMENT TO APPENDIX O OF THE CONTRACT 

  

	2.1	In Clause 2.1 of Appendix O (Additional Aircraft) of the Contract, the words “December 31st, 2013” shall be deleted and replaced by the words
“[*****]”. 

  

	3.	MISCELLANEOUS 

  

	3.1	This Amendment Agreement N°2 (the “Amendment Agreement N°2”) to the Contract (i) is an integral part thereof, (ii) is subject to all of the terms and conditions contained therein and
(iii) evidences our further agreement with respect to the matters set forth below. 

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

 Execution version 

 

	3.2	Unless the context otherwise requires, capitalised terms used herein and not otherwise defined in this Amendment Agreement N°2 shall have the same meanings ascribed to them in the Contract. In the event of
contradiction between the terms of this Amendment Agreement N°2 and the terms of the Contract, the terms of this Amendment Agreement N°2 shall prevail. 

  

	3.3	Section headings and/or numberings are inserted for convenience only and shall not in any way affect the interpretation of this Amendment Agreement N°2 and/or of the Contract. 

 

	3.4	Seller hereby makes for the benefit of Buyer each of the representations made pursuant to Clause 25.3 of the Contract as of the date hereof with reference to the circumstances existing as of the date hereof

  

	3.5	Buyer hereby makes for the benefit of Seller each of the representations made pursuant to Cause 25.4 of the Contract as of the date hereof with reference to the circumstances existing as of the date hereof.

  

	3.6	The provisions of Clause 27 (Applicable Law & Arbitration) of the Contract shall apply mutatis mutandis to this Amendment Agreement N°2. 

If the terms of this Amendment Agreement N°2 meet your approval please so indicate by signing in the space provided below. 

 

									
	For and on behalf of	 		 	For and on behalf of
			
	CANELA INVESTMENTS LLC	 		 	AVIONS DE TRANSPORT REGIONAL
					
	Signature:	  	 /s/ John Peter Rodgerson
	 		 	Signature:	 	 /s/ J. DESBARATS

					
	Executed by:	  	John Peter Rodgerson	 		 	Executed by:	 	J. DESBARATS
	Title:	  	Canela Investments, LLC	 		 	Title:	 	SVP COMMERCIAL
		  	  Managing Director	 		 		 	
					
	Date:	  	December 4th, 2012	 		 	Date:	 	December 4th, 2012EX-10.3

 Exhibit 10.3 

CONFIDENTIAL TREATMENT REQUESTED – REDACTED COPY 

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

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

been filed separately with the Securities and Exchange Commission. 

 
  
 

 
 GLOBAL MAINTENANCE AGREEMENT 

Contract No. DS/CC-2612/10 

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

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

December 24th, 2010 

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 1 of 70
	

 CONTENTS 
  

							
	 Clause
	 	 	  	Page	 
			
	 1.
	 	SUBJECT MATTER OF THE AGREEMENT	  	 	4	  
			
	 2.
	 	DEFINITIONS & INTERPRETATION	  	 	4	  
			
	 3.
	 	DURATION AND RENEWAL	  	 	11	  
			
	 4.
	 	FORCE MAJEURE	  	 	11	  
			
	 5.
	 	SERVICES	  	 	12	  
			
	 6.
	 	DELIVERIES	  	 	15	  
			
	 7.
	 	WORK ORDERS	  	 	16	  
			
	 8.
	 	INSURANCES	  	 	16	  
			
	 9.
	 	WARRANTIES	  	 	17	  
			
	 10.
	 	PRICES	  	 	17	  
			
	 11.
	 	RECONCILIATION & AUDIT	  	 	21	  
			
	 12.
	 	INVOICING AND PAYMENT TERMS	  	 	22	  
			
	 13.
	 	SECURITY DEPOSIT	  	 	23	  
			
	 14.
	 	LIMITATION OF LIABILITY	  	 	24	  
			
	 15.
	 	INDEMNITY	  	 	25	  
			
	 16.
	 	TERMINATION	  	 	25	  
			
	 17.
	 	CONDITIONS PRECEDENT	  	 	28	  
			
	 18.
	 	NOTICES	  	 	29	  
			
	 19.
	 	CONFIDENTIALITY	  	 	30	  
			
	 20.
	 	TAXES	  	 	31	  
			
	 21.
	 	SEVERABILITY	  	 	32	  
			
	 22.
	 	WHOLE AGREEMENT	  	 	32	  
			
	 23.
	 	AMENDMENTS	  	 	32	  
			
	 24.
	 	ASSIGNMENT	  	 	32	  
			
	 25.
	 	GOVERNING LAW & JURISDICTION [INCLUDE PROVISION FROM PURCHASE AGREEMENT]	  	 	32	  
			
	 26.
	 	MISCELLANEOUS	  	 	33	  
		
	 EXHIBIT 1 – LIST OF ATR AIRCRAFT COVERED UNDER THIS AGREEMENT
	  	 	35	  

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 2 of 70

					
		
	 EXHIBIT 2 – “INTENTIONALLY LEFT BLANK”
	  	 	36	  
		
	 EXHIBIT 3 – STOCK
	  	 	37	  
		
	 EXHIBIT 4 – LRU(S) AVAILABLE FOR REPAIR AND STANDARD EXCHANGE SERVICES
	  	 	41	  
		
	 EXHIBIT 5 – EXCLUSIONS TO THIS AGREEMENT
	  	 	48	  
		
	 EXHIBIT 6 – ATR STANDARD WORK ORDER FORMS
	  	 	51	  
		
	 EXHIBIT 7 – ADDITIONAL STOCK
	  	 	54	  
		
	 EXHIBIT 8 – “INTENTIONALLY LEFT BLANK”
	  	 	55	  
		
	 EXHIBIT 9 – “INTENTIONALLY LEFT BLANK”
	  	 	55	  
		
	 EXHIBIT 10 – LEASE OF THE STOCK
	  	 	56	  
		
	 EXHIBIT 11 – SPARE PARTS STANDARD EXCHANGE SERVICE
	  	 	61	  
		
	 EXHIBIT 12 – LRU AND MAIN ELEMENTS REPAIR SERVICES
	  	 	64	  
		
	 EXHIBIT 13 – “INTENTIONALLY LEFT BLANK”
	  	 	70	  
		
	 EXHIBIT 14 – FORM OF STANDBY LETTER OF CREDIT
	  	 	71	  

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 3 of 70

 This Agreement is made on December 24th, 2010. 

 BETWEEN: 
 AVIONS DE TRANSPORT REGIONAL,
G.I.E., a French groupement d’intérêt économique established under articles L.251-1 to L251-23 of the French Commercial Code, whose registered office is at 1 allée Pierre Nadot, 31712 Blagnac, France
identified under Corporate and Trade Register of Toulouse number 323 932 236, 
 Hereafter referred to as the “Provider” or
“ATR”, 
 On the one part, 

AND: 
 AZUL LINHAS AÉREAS BRASILEIRAS S/A,
a company incorporated under the laws of Brazil, the registered office of which is located at Alameda Surubiju, 2010 – Alphaville Industrial, Barueri, Sao Paulo, Brazil; 

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

On the other part. 
 Collectively referred to as
the “Parties” and individually to as the “Party”, 
 WHEREAS:  

ATR and AZUL have or will enter with respect to each of the Interim Fleet aircraft into operating lease agreement (each a “Lease Agreement(s)”) and
associated supplemental rent agreements (each a “Supplemental Rent Agreement”), 
 ATR and Canela Investments LLC, an AZUL affiliate have entered
into a sale agreement with respect to the Final Fleet Aircraft (the “Sale Agreement”), 
 The Provider wishes to provide to the Company and the
Company wishes to purchase from the Provider the Services on the terms and conditions set forth herein. 
 NOW THEREFORE, IT IS HEREBY AGREED as follows:

  

	1.	SUBJECT-MATTER OF THE AGREEMENT  

 This Agreement describes the terms and conditions according to
which the Provider shall facilitate operational support tasks as well as scheduled and unscheduled maintenance for the Aircraft defined in Clause 2, when operated by the Company only. 

 

	2.	DEFINITIONS & INTERPRETATION  

  

	2.1	In this Agreement: 

 “Abnormal Use” means any usage, maintenance, storage, handling of the
Aircraft, or its sub assemblies, or its systems, or parts fitted on it such as LRU, Main Elements, spare replacement Main Elements, that do not comply with (a) the AOM, the AFM, the AMM and/or (b) the OEM maintenance manuals and/or
(c) Airworthiness Directives that have exceeded the date of compliance, and which is not attributable to Provider or Repair Shops; 

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 4 of 70

 Abnormal Use designates also the following events: 

 

	(i)	Any disregard or misinterpretation of ATR and/or OEM instructions or recommendations, technical directives, or workmanship defect, lack of qualification, non approved repair and/or maintenance method; 

 

	(ii)	Any negligence or absence of reasonable effort(s) made to initiate corrective action(s), or corrective action(s) too limited or taken too late, for Aircraft or LRU(s) or Main Element(s) malfunctions which may be
reasonably identified through obvious symptoms; 

  

	(iii)	Direct or indirect incidents that are related to parts, items or systems excluded from this Agreement; 

  

	(iv)	Any Aircraft, LRU(s) or Main Element(s) damage or premature removal arising out of or in connection with any defective storage, inappropriate packaging or transport by the Company or its forwarder agent, or gross
negligence or willful misconduct of the Company (or its agent); and/or 

  

	(v)	Any events or circumstances, such as but not limited to: foreign, direct or indirect object damage, abnormal wear, hard contact, material drop or shock, engine fire or submersion, lightning strike, hard landing, hail
(including on storage position) partial or total destruction or loss of Aircraft, LRU(s) or Main Element(s); 

 “AFM” or
“Airplane Flight Manual” means an operational manual specific to each Aircraft and which shall be approved by the relevant airworthiness authorities; 

“Aircraft” means collectively or individually as the context requires the ATR aircraft defined in Exhibit 1, including the airframe, engines,
propellers and landing gears and parts installed on the Aircraft on the date of execution of this Agreement; 
 “Aircraft Maintenance
Manuals” or “AMM” means the customized manuals in compliance with the ATA100 specifications. The purpose of these manuals is to provide all information required for aircraft maintenance, while ensuring personnel and flight
safety; 
 “Airworthiness Directives” or “AD” means regulatory rules issued by the relevant Airworthiness authorities that
may have an impact on Aircraft operation and or maintenance. 
 “ALM” or “Aircraft Line Maintenance” means any kind of
on-Aircraft scheduled and/or unscheduled maintenance, corrective or preventive maintenance, defect(s) rectification (such as but not limited to: daily and weekly Aircraft checks, type “A” checks, or any maintenance action on LRU and Main
Elements including removal and installation), as set out in the Aircraft Maintenance Manual and/or in the relevant OEM maintenance documentation; 

“AMC” or “Airframe Maintenance Checks” means any scheduled maintenance tasks limited to type “C” checks and
“Structural and Calendar Inspections” to be performed on the Aircraft; 
 “AMM” means Aircraft Maintenance Manual which is
drafted in general accordance with ATA100 Specification and has been split in three separate manuals, namely: the Description and Operation Manual, the Trouble Shooting Manual and the Job Instruction Cards; 

“ANAC” means Agência Nacional de Aviação Civil, the Brazilian Civil Aviation Authority; 

“Anticipated Event” concerns LRU and/or Main Element and/or Aircraft airframe subject to Scheduled Event and designates a situation where
such event takes place before it is scheduled pursuant to Exhibit 12 Clause II.2.2 for the Main Element and/or in the OEM for the LRU when applicable and Exhibit 13 for AMC; 

“Aircraft On Ground” or “AOG” means the highest priority designation to process a requirement for a LRU and/or maintenance
action. Indicates that an aircraft is unable to continue or be returned to revenue service until that appropriate action is taken; 

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 5 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

 “ATRIAM” means ATRIAM CAPITAL LIMITED, a limited liability company organised and existing
under the laws of the Republic of Ireland whose registered office is located at 5th floor, 6 George’s Dock, IFSC, Dublin 1, Ireland; 

“BER” or “Beyond Economical Repair” means the case in which the repair cost of any Unserviceable LRU and Main Element is
greater than [*****] of the price for a such brand new identical LRU; 
 “BUR” or “Basic Unscheduled Repair” means any
basic unplanned removal, premature removal of a LRU or a Main Element, due to a sub-component or accessory induced malfunction. Likewise, removal of a LRU and/or a Main Element, component or accessory due to a problem which could have been rectified
using troubleshooting and/or corrective line maintenance actions as specified in the applicable aircraft and/or the respective OEM maintenance manual is not considered to be a BUR; 

“Business Day” means a day, other than a Saturday or a Sunday, on which banks are open for the transaction of domestic and foreign exchange
business Paris and Brazil; 
 “CMM” or “Component Maintenance Manuals” means any manuals issued either by Provider or any
relevant OEM and containing instruction concerning the overhaul and/or repair of components together with procedures for restoring such components to fully serviceable condition. These manuals shall be in general accordance with ATA100
Specification; 
 “CMMV” or “Component Maintenance Manuals Vendors” means any OEM’s maintenance manuals; 

“Confidential Information” means all and/or any part of any information and/or data disclosed to and/or obtained by either Party to other
Party during the Term; such information is conclusively considered as confidential without it being necessary to mention at the moment of its disclosure. Any type of information is concerned without the following list being exhaustive:
(i) technical (instructional know-how, academic and/or practical maintenance courses and/or aircraft piloting courses, programs, software, manufacturing secrets, processes, prototypes, research work, studies, plans, sketches, formulae, samples,
specifications, diagrams, etc.), (ii) commercial (list of customers, suppliers, etc.), (iii) financial (tariffs, margins, market parts, etc.), (iv) legal (Agreement, contracts, amendments, appendices, contractual relations,
negotiations, partners, etc.) and (v) written or oral no matter what type of medium (hard copy, computer, digital, etc.); 
 “Core
Item” means any part delivered by Company to Provider in exchange for any similar item of the Pool; 
 “CY” or
“Cycle” means a completed takeoff and landing sequence; 
 “Day(s)” means calendar day; 

“Delivery” means the act of Provider putting at the Company’s disposal of Serviceable LRU, Main Elements, and components at Delivery
Location according to the terms of this Agreement; 
 “Default” has the meaning set forth in Section 16.3. 

“Delivery Location” means Provider’s facility as defined under Clause 6 of this Agreement; 

“EASA” means “European Aviation Safety Agency” or any successor thereof; 

“Expiry Date” means the date on which all or part of this Agreement is terminated, the earlier to occur of the following, as appropriate:

  

	(i)	the Initial Term as defined in Clause 3; or 

  

	(ii)	the term of each annual renewal of this Agreement pursuant to the provisions of Clause 3.3; or 

  

	(iii)	the date on which all or part of this Agreement is terminated pursuant to the provisions of Clause 16 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 6 of 70

 “FCOM” means Flight Crew Operating Manual which is a manual specific to the Aircraft providing
technical, procedural and performance characteristics of the Aircraft; 
 “FH” or “Flight Hour” means airborne flight
hour, and being the unit of measure of each Aircraft flight activity for the time elapsed between Aircraft take-off and Aircraft landing, or depending on the context, the quantity of flight hours measured during a determined period; 

“Final Fleet” means all ATR 72-600 operated by Company and described on Exhibit 1 as such. 

“Force majeure” means any event, including without limitation, caused by war or civil or foreign armed aggression, insurrections or riots,
fires, floods, explosions, earthquakes or serious accidents, epidemics or quarantine restrictions, any act of Government Entity, strikes or labor troubles causing cessation of work, or any other event that is beyond one Party’s reasonable
control and that this event was not reasonably foreseeable at the time of the Agreement signature. Force Majeure shall not include (i) any event, condition or circumstance due to the fault or negligence of the Party claiming Force Majeure
and/or (ii) any event which the Party claiming Force Majeure has not sought to prevent or remedy. 
 “Government Entity” means any
national government, political subdivision thereof, or local jurisdiction therein; 
 “Indemnified Parties” or “Indemnified
Party” means the Provider and/or its Members and/or theirs lawful successors and/or theirs assigns and/or their respective subsidiaries, officers, directors, employees, agents and subcontractors; 

“Interim Fleet” means the ATR 72-200 operated by Company under a lease with Provider or its affiliates and described on Exhibit 1 as such.

 “Letter of Credit” or “LOC” means an irrevocable letter of credit in the form stipulated by Exhibit 14, issued by a
major international bank, provided by the Company to the Provider in accordance with Clause 13 (SECURITY DEPOSIT) thereof as security for the Company’s performance of all of its obligations under this Agreement; 

“Loss” means any losses, costs, charges, expenses, interest (including default interest), fees (including, without limitation, legal fees and
VAT thereon (if applicable), payments, demands, liabilities, claims, actions, proceedings, penalties, damages, adverse judgments, orders or other sanctions; 

“Lost Potential” concerns LRU and/or Main Element and/or Aircraft airframe subject to Scheduled Events and designates, in the case of an
Anticipated Event, the difference measured in FH or CY as applicable between (a) ninety five percent (95%) of the number of FH or as applicable to be accrued before any Scheduled Event and (b) the FH or CY as applicable accrued before
the Anticipated Event. Example: a LRU or Main Element has a Scheduled Event at 1000 FH since TSN = 0 or since TSO = 0 or since the last applicable Scheduled Event. An Anticipated Event takes place at 600 FH since new or since overhaul or since
the applicable Scheduled Event. The Lost Potential is then ninety five percent (95%) of 1000 FH minus 600 FH and equals 350 FH;  

“LRU(s)” or “Line Replaceable Unit(s)” means any equipment [listed in the Exhibit 4], which is either an on-board equipment
or an equipment installed on the Aircraft when delivered to the Company, that can be replaced on line by the Company’s technicians; 
 “Main
Element” means the propellers (including hub, blades, propeller actuator and transfer tube) and landing gear and engines as listed in Exhibit 1; 

“Maintenance Reserves” means any maintenance reserves, supplemental rent or other type of periodic overhaul payment made by Company to
Provider or its affiliates under a lease or similar arrangement and based on the usage of the Aircraft., 
  

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 7 of 70

 “Mean Time Between Unscheduled Removals” or “MTBUR” means a figure for
assessing performance. This figure is calculated by dividing the total number of FH of the ATR aircraft worldwide fleet during a given period, by the number of unscheduled removals recorded during the same period on the same fleet; 

“Member(s)” means any or all of the member companies of the Provider which are at the date hereof Alenia Aeronautica S.p.A., whose principal
office is at Viale dell Aeronautica, s.n.c. 80038, Pomigliano d’Arco, Italy and EADS ATR S.A., whose principal office is at 1 avenue Didier Daurat, 95 BP 100, 31703 Blagnac Cedex, France; 

“MPD” or “Maintenance Planning Document” means the documents in force at the date of the signature of this Agreement
providing periodic maintenance requirements data necessary to plan and conduct the Aircraft maintenance checks and inspections; 
 “MRB”
means Maintenance Review Board; 
 “Measured Removal Rate(s)” or “MRR” designates the quantity of LRU removals per one
thousand (1,000) FH, established in units and tens, to be measured during each period of six (6) consecutive Months of Aircraft activity during the Term for all LRU(s) listed into Appendix 4 excluding Main Elements and/or Main Element
sub-assemblies; excludes repair warranty and “Rogue” units. 
 “NFF” or “No Fault Found” means any event where
an Unserviceable LRU removed from Aircraft by the Company and sent to Provider for repair is declared serviceable with non confirmed fault through strip report by the latter or where a serviceable item removed from the Pool by Provider and delivered
to Company under the standard exchange service set out in Exhibit 11 is returned by Company to Provider unused; 
 “OEM” or
“Original Equipment Manufacturer” means collectively or individually, the engine manufacturer, the propellers manufacturer, the landing gear manufacturer and all other manufacturers of parts other than ATR manufactured parts; 

“Operational LRU” means any serviceable LRU delivered to the Company by the Provider under this Agreement; 

“Operational Main Element” means any serviceable Main Element delivered to the Company by the Provider under this Agreement; 

“Pool” designates a stock of serviceable LRU listed in Exhibit 4, owned by the Provider and available on a non-exclusive basis to the Company
under standard exchange service as defined in Exhibit 11; 
 “Repair Shop” means any EASA part 145 approved repair shop selected by the
Provider; 
 “Reference Removal Rate(s)” or “RRR” designates the standard reference rate of LRU removals per one thousand
(1,000) FH, established in units and tens, during each period of six (6) consecutive Months of Aircraft activity during the Term for all LRU listed into Appendix 4 excluding Main Elements and/or Main Element sub-assemblies; 

“Rogue Component” An LRU will be considered as a “Rogue Component” whenever the same unit (same serial number) has been removed
from an Aircraft on three (3) or more occasions for similar discrepancies (except exclusions), or four (4) NFF based on official repair shop data within a twelve (12) month period, with confirmation of approved trouble shooting as per
the OEM and/or Aircraft Maintenance Manual (“AMM”). 
 “Services” means all operational support tasks to be carried out by
Provider and/or Repair Shop and/or Subcontractor under this Agreement, as defined in Clause 5.1; 
  

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 8 of 70

 “Scheduled Event” concerns LRU and/or Main Elements and/or Aircraft airframe that are subject to
programmed overhauls and/or inspections and designates such overhaul and/or inspections that shall take place after a specified number of accrued FH and/or cycles and/or calendar limit as set out in Exhibit 12 – II.2.2 for the Main Element and
in the OEM Maintenance Manual for the concerned LRU and in Exhibit 13 for AMC; 
 “Spare Main Element” means the Spare Main Element(s) the
Provider puts at the Company’s disposal during Main Element repair according to Exhibit 12, which shall be delivered by the Provider to the Company unequipped, and shall require fitment by Company of certain components and/or PWC accessories
(including but not limited to Quick Engine Change, “QEC” and/or PWC accessories). Specifically on spare engine, such QEC provision is excluded from this Agreement. PWC accessories covered under Pool access service and LRU repair and
overhaul may be requested by Company as per Exhibit 12. However, from time to time, some PWC accessories are delivered on such spare engines, in this case the Company shall send the engine removed from its Aircraft in the same configuration as Spare
Main Element delivered by the Provider. It is understood that in case these accessories need to be repaired, the removal(s) will be taken into account in the MRR calculation as per Exhibit 12; 

“Start Date” means the date occurring thirty (30) Days after the date on which the Agreement is signed and/or the Company has fulfilled
the Conditions Precedent set out in Clause 17 (Conditions Precedent) whichever is the last; 
 “Stock” means serviceable LRU and/or Main
Element listed in Exhibit 3 and in Exhibit 7, leased by the Provider to the Company and located at the Storage Location; 
 “Storage
Location” means the facilities where the Stock is located as defined in Exhibit 10. 
 “Subcontractor” means any qualified Person,
legal or natural, engaged by the Provider, to support Provider in the performance of its contractual obligations under this Agreement; 

“Taxe(s)” mean any and all present or future fees (including license, recording, documentation and registration fees), taxes [including,
without limitation, income taxes, gross receipts taxes, capital taxes, franchise taxes, net worth taxes, gross profits taxes, sales taxes, rental taxes, use taxes, turnover taxes, value added taxes, ad valorem taxes, property taxes (tangible and
intangible), excise taxes, documentary and stamp taxes], licenses, levies, imposts, duties, charges, assessments or withholdings of any nature whatsoever, whether now existing or hereafter adopted, enacted or amended, howsoever imposed, levied or
asserted by any Government Entity or taxing authority together with any and all penalties, fines, additions to tax and interest thereon. 

“TBD” means To Be Determinate and/or missing information as of December 14th, 2010.

 “Term” means the period from the date on which this Agreement is signed by both Parties until the Expiry Date; 

“Time and Material” means any sale of goods and services, excluded from the scope of this Agreement and charged to the Company, which is
subject to the ATR general terms and conditions of sale of goods and services; 
 “TNR” or “Technically Non Reparable”
means the case the Unserviceable LRU (i) and Main Element is not repairable according to the OEM maintenance manuals and/or (ii) for which no technical repair can be considered. 

“Unserviceable LRU(s)” means any LRU or Core Item listed in Exhibit 4 removed from the Aircraft due to a defect, an alleged defect or any
overhaul and to be delivered to Provider for repair or overhaul under this Agreement; 
 “US Dollar” or “$” designates the
legal currency of the United States of America; 

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 9 of 70

 “Used Serviceable Items” means any second hand LRU in serviceable condition together with its
authorized release certificate ANAC SEGVOO 003, EASA Form 1 or FAA form 8130-3 or TCA 24.0078; 
 “Vendor Warranty Manual” means the manual
compiling details of the warranties granted by the OEM with respect to certain parts of ATR aircraft; 
 “Work Order” means any order
towards any of the Services issued by the Company to the Provider and being one of the forms set out in Exhibit 6, as applicable. 
  

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

  

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

  

	2.2.2	any Clause or Exhibit shall be construed as a reference to a clause of or exhibit to this Agreement; 

  

	2.2.3	Clauses and Exhibits headings and sub-headings are used in this Agreement only to make it easier to read. They are not intended to affect its meaning. 

 

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

 

	2.2.5	Month are references to a period starting on one day in a calendar month and ending on the numerically corresponding day in the next calendar month (and references to months shall be construed accordingly)
save that, where any such period would otherwise end on a non-Business Day, it shall end on the next Business Day, provided that if a period starts on the last Business Day in a calendar month or if there is no numerically corresponding day in the
month in which that period ends, that period shall end on the last Business Day in that later month; 

  

	2.2.6	Person means any state, division of a state, Government Entity, individual and body corporate and any association of any one or more of the foregoing (whether or not having legal personality); and

  

	2.2.7	Statute(s): any reference in this Agreement to a statute shall be construed as a reference to such statute as the same may have been, or may from time to time be, amended or re-enacted; 

 

	2.2.8	Singular and Plural: wherever the context so requires the singular shall include the plural and vice versa; 

  

	2.2.9	References to “Provider”, “ATR”, “Company” or any other person shall include the successors, assigns and transferees of such person; 

 

	2.2.10	References to any enactment shall be deemed to include references to such enactment as re enacted, amended or extended; 

  

	2.2.11	References to a “law” or a “regulation” include any present or future statute, decree, constitution, regulation, rule, directive, requirement, request or guideline (whether or not having the force of
law but compliance with which is customary) of any agency, authority, central bank or governmental department or any self regulatory or other supra national authority; 

 

	2.2.12	Reference to a “consent” also includes an approval, authorisation, exemption, filing, licence, order, permission, recording or registration; 

 

	2.2.13	A reference to a date will be by reference to the Gregorian calendar; 

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 10 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

	2.2.14	Any references to “in writing” includes any modes of reproducing words in a legible and non-transitory form but does not include e-mail (but can include the copy of any document sent by e-mail as a
“PDF”). 

  

	3.	DURATION and RENEWAL 

  

	3.1	Provider agrees to provide the Services to Company, and Company agrees to perform its obligations under this Agreement during [*****] (the “Initial Term”) from the Start Date and during any following renewal.

  

	3.2	Notwithstanding the entry into force of this Agreement, the Provider will have no obligation to provide the Services to the Company unless the Company has fulfilled all the conditions precedent stated within Clause 17.

  

	3.3	Upon expiry of the Initial Term, this Agreement [*****] prior written notice is given by either Party to other Party prior to expiry of the Initial Term or the term of the renewal period, if any. 

 

	4.	FORCE MAJEURE 

  

	a)	In case of Force Majeure event which renders either Party unable to perform its obligations under this Agreement, such Party shall: 

  

	 	(i)	immediately notify the other Party in writing; 

  

	 	(ii)	provide the other Party a written report containing all particulars of such Force Majeure event, including the connection between such Force Majeure event and such Party’s non-performance; 

 

	 	(iii)	use its reasonable best efforts to remedy such non-performance and resume performance as soon as possible; 

  

	 	(iv)	provide the other Party with written notice upon resumption of its performance; 

 Neither Party
shall be considered in Default so long as such Default is actually and directly prevented or delayed for reasons attributable to Force Majeure event.; 
  

	b)	If during the Term a Party establishes that: 

  

	 	(i)	the execution of its contractual obligations becomes excessively expensive because of an event of Force Majeure and; 

  

	 	(ii)	this Party could reasonably not avoid or overcome this event of Force Majeure or its effects, 

the Parties should then negotiate during a period of sixty (60) days from the date of receipt of the notice mentioned hereafter, in good faith
with a view to agree on a substitute provision or provisions of this Agreement. During this sixty (60) days period the present Agreement shall remain in full force. 

The Party requiring the negotiation shall notify in writing the other Party within a period of one (1) Month after the event occurred of
its request to negotiate. 
 If the Parties do reach an agreement with respect to such new provision within sixty (60) days from the
date of notification, the Parties shall promptly sign an amendment to the Agreement containing such new provision. 
 If the Parties do not
reach an agreement within sixty (60) days from the date of notification, each Party has the right to terminate the Agreement by notifying in writing the other Party. The provisions of Clause 16 shall then apply. 

 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 11 of 70

  

 CONFIDENTIAL TREATMENT REQUESTED 

 

	5.	SERVICES  

  

	5.1	Services 

 The Provider shall provide Company with the following Services: 

 

	 	(i)	a lease stock as described in Exhibit 10, 

  

	 	(ii)	an additional stock as described in Exhibit 7 

  

	 	(iii)	a standard exchange service of the items of the Pool as described in Exhibit 11, 

  

	 	(iv)	the maintenance for the LRU, propellers and landing gears as described in Exhibit 12. 

 The
following table summarizes the Services provided under this Agreement per type of Aircraft for the Interim Fleet of 72-202 and for the Final Fleet of ATR 72-600: 

[*****] 
 [*****] shall be covered
by this Agreement subject to integration of additional Aircraft in Exhibit 1 and the associated revision of the relevant terms and conditions of this Agreement through an amendment thereto. 

 

	5.2	General conditions of the Services 

  

	5.2.1	The Services shall comply with the applicable CMMV, AMM, MRB and MPD issued by the Aircraft Manufacturer, in force on the date of signature of this Agreement by both Parties. 

 

	5.2.2	Repair Shops shall perform the Services in compliance with the OEM maintenance recommendations as set out in the relevant CMM and in accordance with EASA, FAA or ANAC airworthiness regulations applicable to the Repair
Shop approved repair capabilities and its maintenance and inspections processes. 

  

	5.2.3	Should the AMM, Company approved Maintenance Program or the MPD be modified in a manner that is likely to modify the scope or nature of the Services that would otherwise be provided hereunder, Provider and Company
hereby agree to amend this Agreement accordingly (including without limitation the prices set out in Clause 10). 

  

	5.2.4	The Company shall have the right, to be exercised in accordance with all applicable laws and regulations, including applicable regulations issued by ANAC, to audit the management and the performance of the Services
provided to it by Provider, under the JAR OPS, Part M regulations, or Repair Shops under this Agreement, upon giving a Five (5) Business Days prior written notice to Provider. The cost of any such audits and visits by the Company’s
representative(s) shall be borne by the Company. 

  

	5.2.5	At any time during the Term, the Provider may (i) audit the management and the performance of Company maintenance activities which are still under the Company’s responsibility and/or (ii) arrange for
operational visits, in order to check that the Company comply with its obligations under this Agreement, and/or (iii) investigate in any place, with the assistance of the Company, the causes of any abnormal removal or failure rate of any LRU or
Main Elements and/or abnormal wear and tear situation 

  

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 12 of 70

  

 CONFIDENTIAL TREATMENT REQUESTED 

 

 in order to restore a normal situation. The Provider will give a notice in writing to the
Company no later than Five (5) Business Days prior to such audit or operational visit. The Company shall provide all necessary support to the Provider’s representative(s) and give access to the Aircraft and/or any maintenance facilities
and/or stores and to any data or document related to Aircraft maintenance and operations that Provider may require. Unless otherwise agreed between the Parties any operational visit which will be conducted by Provider or its representative(s) during
the scheduled operations of the Aircraft will not to disrupt Company’s scheduled operations. 
 The cost incurred by Provider to conduct
such audits and visits will be borne by the Provider unless a Company Default (as defined in Clause 16) has occurred and is continuing or if as a result of that audit or visit, Company is found to be in Default of its obligations under this
Agreement. In each such case the cost of such inspection or visit will be borne by the Company. 
 The Provider shall be discharged of all
obligations and liabilities hereunder with respect to the performance or non performance by it of the audit or visit rights referred to in this Clause 5.2.5. 

The Provider shall notify in writing, and shall use its best efforts to do so within (15) Business Days after completion of audit, to the
Company the outcome of any such audit or operational visit and any remedial actions that Company shall perform under this Agreement. Company shall carry out any and all such reasonable remedial actions within a mutually agreed time period. 

 

	5.3	Responsibilities of the Parties 

  

	5.3.1	Responsibilities of the Company 

 During the Term, Company shall, in addition to any other
obligations set out in this Agreement, perform the following activities or provide Provider, when applicable, with the following documents: 
  

	 	(i)	operate the Aircraft in accordance with ATR’s FCOM and AFM, maintenance planning and engineering, technical administration management and follow-up, apply and manage Aircraft, LRU(s) and Main Elements maintenance
programs, perform any ALM tasks in compliance with the approved Aircraft Maintenance Program outlined in the MRB or in the MPD (or for the Main Elements in the OEM maintenance manual); 

 

	 	(ii)	LRU and Main Elements removals and installations on Aircraft; 

  

	 	(iii)	Comply with any AD, Aircraft and/or OEM’s mandatory service bulletins or modifications on its Aircraft fleet, or when applicable order such incorporation or modifications to Provider , manage and update Aircraft,
LRU and Main Elements, mandatory or regulatory technical notices and log books and deliver to the Provider a copy of such documentation upon each maintenance event or upon Provider’s request; 

 

	 	(iv)	Place chargeable purchase order to the Provider for any service excluded from this Agreement and the scope of this Agreement; 

  

	 	(v)	Inform its insurer in due time for possible coverage and inform the Provider in case the Company or its insurer intends to participate to any LRU or Main Element tear-down at Repair Shop; 

 

	 	(vi)	Provide every Month to the Provider an activity report relating to each Aircraft and each Main Element serial number (FH & cycle performed during the preceding Month, the accrued time and cycles since new,
TSN & CSN, and since overhaul, TSO & CSO; the time since last shop visit, the removals/installations events during such Month), and 

  

	 	(vii)	Provide every [*****] to the Provider a planning showing for the twelve (12) coming Months the scheduled maintenance events for each Main Element (overhauls) and update Company LRU configuration status,

 during the Term, the Company shall order the Services sending to the Provider the relevant Work Order to the Provider. 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 13 of 70

  

	5.3.2	Responsibilities of the Provider 

 During the Term, in addition to any other obligations set out
in this Agreement, Provider shall perform the following activities in his capacity as exclusive provider of the Services to Company: 
  

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

  

	 	(ii)	ensure that the Services provided to Company shall comply with FAA or/and EASA regulations in force; 

  

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

  

	 	(iv)	manage LRU and Main Elements warranty claims issued by Company. 

  

	5.4	Provider’s Representations 

 Provider hereby represents and warrants to Company as
from the date hereof and throughout the Term that: 
  

	5.4.1	Provider is a legal entity duly incorporated under the laws of France and has the corporate power to carry on its business as it is now being conducted; 

 

	5.4.2	Provider has the power to enter into and perform, and has taken all necessary action to authorize the entry into, performance and delivery of, this Agreement and the transactions contemplated by this Agreement;

  

	5.4.3	The entry into and performance by Provider of, and the transactions contemplated by, this Agreement do not and will not: 

  

	 	(i)	conflict with any Laws binding on Provider; or 

  

	 	(ii)	conflict with the constitutional documents of Provider; or 

  

	 	(iii)	conflict with any document which is binding upon Provider or any of its assets; 

  

	5.4.4	So far as concerns the obligations of the Provider, all authorizations, consents, registrations and notifications if required by French Law in connection with the entry into, performance, validity and enforceability of
this Agreement by Provider have been obtained or effected and are in full force and effect; 

  

	5.4.5	No Immunity: 

  

	 	(i)	Provider is subject to commercial law with respect to its obligations under this Agreement; and 

  

	 	(ii)	Neither Provider nor any of its assets is entitled to any right of immunity and the entry into and performance of this Agreement by Provider constitute private and commercial acts. 

 

	5.4.6	This Agreement is properly executed on the part of Provider and Provider is entitled to enter into the same; 

  

	5.4.7	Provider agrees that, if required, it shall furnish such information relating to the provisions of the Services hereunder as may be reasonably required by the Company and/or the lessors, and/or owner of the Aircraft
and/or any Government Entity, as the case may be. 

  

	5.5	Company’s Representations 

 Company hereby represents and warrants to Provider as
from the date hereof and throughout the Term of the Agreement that: 
  

	5.5.1	Company is a company legal entity duly incorporated under the laws of Brazil and has the power to own its assets and carry on its business as it is now being conducted; 

 

	5.5.2	Company has the power to enter into and perform, and has taken all necessary action to authorize the entry into, performance and delivery of, this Agreement and the transactions contemplated by this Agreement;

  

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 14 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

	5.5.3	This Agreement constitutes Company’s legal, valid and binding obligation; 

  

	5.5.4	The entry into and performance by Company of, and the transactions contemplated by, this Agreement do not and will not: 

  

	 	(i)	conflict with any Laws binding on Company; or 

  

	 	(ii)	conflict with the constitutional documents of Company; or 

  

	 	(iii)	conflict with any document which is binding upon Company or any of its assets; 

  

	5.5.5	So far as are legally required, all authorizations, consents, registrations and notifications if required by Law of Brazil in connection with the entry into, performance, validity and enforceability of this Agreement by
Company have been obtained or effected and are in full force and effect; 

  

	5.5.6	No Immunity: 

  

	 	(i)	Company is subject to commercial law with respect to its obligations under this Agreement; and 

  

	 	(ii)	Neither Company nor any of its assets is entitled to any right of immunity and the entry into and performance of this Agreement by Company constitutes private and commercial acts; 

 

	5.5.7	This Agreement is properly executed on the part of Company and Company is entitled to enter into the same; and 

  

	5.5.8	Company agrees that it shall furnish such information as may be reasonably required by the Provider and/or any Government Entity. 

  

	6.	DELIVERIES  

  

	6.1	Unless otherwise set forth in this Agreement, the Provider shall deliver each Operational LRU and Main Element in accordance with Exhibits 10, 11 and 12, as the case may be, [*****] at the following address:

 ATR Customer Support 

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

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

 

	6.2	The Company shall return any Core Item, Unserviceable LRU (except engines which are dealt with in Clause 6.3 below) or Main Elements in accordance with Exhibits 10, 11 and 12 to the Provider, [*****] at the following
address: 

 ATR Customer Support 

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

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

 

	6.3	As a consequence of the above Clause 6, the Company shall be liable for any damage caused in transit to any LRU, Operational LRU, Unserviceable LRU, Core Items, Main Elements, replacement spare Main Element, whether
resulting from inappropriate packaging on the part of the Company or otherwise, and Company shall bear all risk of loss and be liable for any Loss arising out of or in connection with their transportation. 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 15 of 70

  

	7.	WORK ORDERS  

 In order to enable the Provider to provide the Company with the appropriate
Maintenance Service, the Company shall place any Work Orders to the following address depending on the nature of the services requested: 
  

	7.1	Maintenance Service Work Order 

 For any Services the Company shall use the appropriate standard
ATR Work Order form ref. 6-1 for standard exchange service, ref 6-2 for repair service and ref 6-3 to return a Core Item. All these forms are attached as Exhibit 6 and must be sent at the following address: 

For any Services requested in standard and/or critical conditions 

ATR SPARES DISTRIBUTION DESK 

Tel: (33) 5 62 21 60 80 – Fax: (33) 5 62 21 60 90 

For any Services requested in AOG conditions 

A.O.G. Desk: Tel: (33) 5 62 21 62 00 – Fax: (33) 5 62 21 62 62 

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

 

	7.2	Work Orders follow-up 

 To obtain information on any Work Order the Company already placed, the
Company shall contact the following service of the Provider: 
 For any Services requested in standard and/or critical conditions 

ATR SPARES DISTRIBUTION DESK 

Tel: (33) 5 62 21 60 80 – Fax: (33) 5 62 21 60 90 

For any Services requested in AOG conditions 

A.O.G. Desk: Tel: (33) 5 62 21 62 00 – Fax: (33) 5 62 21 62 62 

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

 

	8.	INSURANCES  

  

	8.1	At all times during the Term of this Agreement, the Company shall maintain in force aircraft and comprehensive general liability insurance, including, without limitation, death and personal injury and property damage
cover in respect of incidents involving aircraft to a level comparable with airlines of a comparable size and profile. The Company shall, on reasonable request, provide the Provider with evidence of the insurance maintained in accordance with this
Clause. 

  

	8.2	Company shall at its own expense procure and maintain in full force and effect throughout the term appropriate insurance policies to be approved by Provider in its absolute discretion covering all the items of the Stock
for the full replacement value as provided in Clause 2.4 of Exhibit 10. Provider shall be named as sole loss payee on all loss and physical damage policies and as an additional named insured on any liability policies. Moreover, the Provider will be
designated the beneficiary of the insurance against losses and will also benefit from the appropriate waiver of recourse and rights of subrogation. Prior to the Start Date and upon each renewal of any policy, Company will supply Provider with
certificates of insurance compliant with the terms and conditions set out in Exhibit 10 to this Agreement. 

  

	8.3	Each case a spare Main Element is required to be delivered by Provider to the Company pursuant to Exhibit 12 part II, the Company shall be responsible before shipment by Provider, for the provision of adequate

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 16 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

	 	insurance policy covering all risks with respect to the replacement spare Main Element both when installed on an Aircraft and while removed from the Aircraft, for the full replacement value of the replacement spare Main
Element, including but not limited to: transportation to and from the Company, Aircraft ground coverage, war risk, flight risk and fire insurance. The Company shall provide the Provider with a copy of such certificate of insurance prior to delivery
of said Main Element or replacement spare Main Element, which shall be subject to the Provider’s approval in its sole discretion before the delivery of the spare Main Element. 

 

	8.4	Intentionally left blank 

  

	9.	WARRANTIES  

 From the date of Delivery of any item pursuant to the Agreement, the
Company shall be entitled to the benefit of warranties, in respect of any item of these items depending on whether any such items are delivered new or used: 
  

	 	(i)	For new LRU the warranty period shall be managed as per the relevant conditions defined in each applicable OEM warranty manual and for ATR72-600 Aircraft in the relevant clauses of the Sale Agreement. 

 

	 	(ii)	For used LRU repaired and overhauled by the Provider, the warranty period for any such items starts on the date of Delivery and shall end [*****] thereafter, whichever shall be the sooner. 

 

	 	(iii)	New and/or used Main Elements Warranties are defined in the applicable OEM warranty manual. 

  

	10.	PRICES  

 The price payable for the Services shall be the sum of the prices set out in this
Agreement which are established in accordance with the economic conditions prevailing in Two thousand and ten (2010) and shall be subject to escalation as set out in Section 10.5.1. 

Prices for Interim Fleet set herein shall only be applicable until the phase-out of the Interim Fleet. 

 

	10.1	The lease payment payable for the lease of the Stock (based on the Stock technical contents defined in Exhibit 3 and 10), as from the Start Date is a [*****] 

 

	 	(i)	corresponding to [*****] per year of the Stock value which is set in Exhibit 10, Clause 2.4 if all the parts of the Stock are brand new; or 

 

	 	(ii)	in the event the Provider delivers Used Serviceable Items to the Company as set out in Exhibit 10 Clause 2.4, the [*****] set forth in Clause 10.1 (i) above shall be payable from the Start Date until the date on which
the last item of the Stock is delivered. On such date the Provider will notify in writing to the Company the exact and definitive Stock Value, and the revised monthly lease payment based upon [*****] of such Stock Value. Promptly after delivery of
the last item of the Stock, Provider shall issue a credit equal to the difference between the total amount of lease payments actually paid by the Company since the Start Date and the price the Company should have paid for the Used Serviceable Items
delivered by Provider according to the provisions of this Clause 10.1 (ii); the definitive Stock Value shall be determined with prices of items of the Stock, based on the current ATR spare parts Catalogue sales price for brand new item or based on
[*****] of the current ATR spare parts Catalogue brand new sales price for serviceable item depending on the status of the item delivered. 

  

	10.2	The price payable by Company to Provider for the Standard Exchange service set out in Exhibit 11, is as follows: 

  

	 	•	 	for Interim Fleet, ATR 72-200 aircraft: 

  

	 	 	[*****] 

  

	 	•	 	for Final Fleet, ATR 72-600 aircraft: 

	 	*	for a 72-600 fleet of up to [*****] aircraft: 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 17 of 70

  

 CONFIDENTIAL TREATMENT REQUESTED 

 

 [*****] 
  

	*	for a 72-600 fleet of [*****] aircraft or more: 

 [*****] 

These prices are [*****] and assume the availabilities described on the list of LRUs defined in Exhibit 4. 

 

	10.3	The prices per airborne FH per Aircraft payable by Company to Provider for LRU, Main Elements, services set out in this Agreement are: 

 

	10.3.1	For LRU: [*****] per FH and per Aircraft, [*****]: 

  

	 	•	 	for Interim Fleet, ATR 72-200 aircraft: 

 [*****] 

 

	 	•	 	for Final Fleet, ATR 72-600 aircraft: 

 [*****] 

 

	10.3.2	For the Main Element services as defined in Exhibit 12 [*****] per Aircraft airborne FH or CY: 

  

	 	(i)	propellers (2ea): 

 For Final Fleet, 568F: 

 

	 	(a)	for maintenance 

 [*****] 

Above propellers maintenance prices are defined as result of the following prices related to the maintenance of propeller hub, actuator,
transfer tube and blades composing each propeller assembly: 
  

							
	 Item
	  	quantity	  	 Aircraft age

year 1 to 3
	  	
Aircraft age
year 4 and beyond

	 Hub
	  	1	  	[*****]	  	 [*****]

	 Actuator
	  	1	  	 [*****]
	  	 [*****]

	 Transfer Tube
	  	1	  	 [*****]
	  	 [*****]

	 Blades
	  	6	  	 [*****]
	  	 [*****]

  

	 	(b)	for availability [*****] 

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

	 	(a)	[*****] 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	 Page 18 of 70

 

 CONFIDENTIAL TREATMENT REQUESTED 

 

 For Final Fleet, [*****] 

[*****] and, 
  

	 	(b)	for each propeller blade nickel sheath replacement, a flat rate of: 

 For Final Fleet,
[*****]: 
 [*****] 
  

	 	(ii)	Intentionally left blank 

  

	 	(iii)	landing gears (per shipset): 

 For Final Fleet, 72-600 landing gears: 

 

	 	(a)	for maintenance [*****], plus 

  

	 	(b)	for availability [*****] 

  

	10.4	Price for reconciliation 

  

	10.4.1	Intentionally left blank 

  

	10.4.2	Price for LRU removal rate reconciliation 

 Any point of difference, to be measured in units and
tens, between the RRR and the MRR pursuant to the conditions set out in Clause I.3 of Exhibit 12, shall be invoiced or credited per airborne FH on the basis of: 

For Final Fleet: 
 [*****] 

For Interim Fleet: 
 [*****]

  

	10.4.3	Anticipated scheduled Events 

 Parties agree that all prices for each Service subject to
Scheduled Events are based on the achievement of the applicable maintenance program(s). 
 In case of deviation of the Scheduled Event
maintenance program parameters by a number of [*****], such deviation shall be considered an Anticipated Event. 
 For any such Anticipated
Event, whichever the context, Provider shall invoice Company the Lost Potential multiplied by the applicable price mentioned in Clause 10.3. 
  

	10.5	Prices adjustment 

 The adjustment conditions set out in Clauses 10.5.1 and 10.5.2 below
[*****]. 
  

	10.5.1	Commercial Conditions for price Adjustment 

 Prices of this Agreement will be adjusted [*****],
in accordance with the following adjustment formula: 
 [*****] 

where: 
  

	 	[*****]	     is the [*****] for the year N+1, 

  

	 	[*****]	     is the [*****] as determined by economical conditions of year N (current year), 

  

	 	[*****]	     is the [*****] 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 19 of 70

  

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

  

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

  

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

  

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

 Escalation is subject to a [*****] for
Stock, Clause 10.1, and Standard Exchange, Clause 10.2, services. 
 Escalation is subject to a [*****] for LRU repair service, Clause 10.3.1
and Clause 10.4.2. 
 Escalation is subject to a [*****] for Main Elements repair service, Clause 10.3.2. 

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

	10.5.2	Technical Conditions for Prices Adjustment 

 Both Parties agree to modify the prices given in
Clause 10 [*****] pursuant to Clause 11 if the operating parameters of the Aircraft, analyzed at the time of the adjustment (all calculations are made with figures corresponding to [*****]), change by more or less than [*****] with respect to the
estimated values of the same parameters, considered at the time of commencement of this Agreement. 
 As from the date this Agreement enters
into force, the Parties agree to take into account the following basic operating parameters as a reference for the above calculation: 
  

	 	(i)	[*****]

  

	 	(ii)	[*****] 

  

	10.6	Specific conditions 

  

	10.6.1	Company’s Aircraft fleet change(s) 

 [*****] 

 

	10.6.2	Unused Aircraft 

 During the Term, should any Aircraft remain temporarily unused for less than
(30) days by the Company for whatever reason, the Company shall not request or obtain from the Provider a change in prices or terms and conditions set out in this Agreement in Clauses 10 and 12. 

 

	10.7	Maintenance Provision - Phase-in invoicing 

 No later than the first Scheduled Event or
Anticipated Event, the Company shall pay to ATR an amount (“Maintenance Provisions”) corresponding for each Main Element and/or their sub-assembly, to the number of FH accrued since the last overhaul or since new as applicable,
multiplied by the applicable rate defined in Clauses 10.3.2 and 10.5 and applicable at the date of the first event. 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 20 of 70

  

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Should any Aircraft be subject to a Maintenance Reserves Agreement with ATR or ATR affiliated
company, above Maintenance Provisions shall be deducted from the applicable Maintenance Reserves still available into ATR or ATR affiliate’s account for each related individual Main Element and/or their sub-assembly as applicable. 

 

	10.8	Maintenance Provisions refundable at termination of the Agreement  

  

	10.8.1	Upon termination of this Agreement with respect to one or more Aircraft and/or Services in accordance with the terms of this Agreement (except as a result of a Company Default) (the “Termination Date”),
the Provider shall reimburse the Company Maintenance Provisions related to each Main Element or their sub-component and/or such terminated Services covered by this Agreement based on [*****] of the amount set out in Clause 10.3.2 for maintenance
services (the “Refund Amount”), taking into account the price applicable [*****] as per Clauses 10.5 and when applicable adjusted every [*****] as per Clause 10 and 11, for each FH or CY performed for Main Elements: between the
re-installation on such Aircraft after the last shop repair or overhaul or exchange occurred under this Agreement, as evidenced in the relevant EASA, FAA, TC, or ANAC release form and ending on the Termination Date. 

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

Provider shall only be required to reimburse the Refund Amount provided that: 

 

	 	(i)	the Company returned to the Provider all replacement spare(s) Main Element(s), items of the Stock, Core Items and Unserviceable LRU the Provider may have delivered or be expected from time to time according to the terms
of this Agreement, and 

  

	 	(ii)	The Company paid to the Provider all due amounts, and 

  

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

  

	 	(iv)	The related maintenance service is not subject to payment on event. 

  

	10.8.3	It is also understood that airborne FH and/or CY to be taken into account for such a refund process are only those accrued on original Main Element(s) of Aircraft when fitted on Company’s Aircraft or alternatively
spare(s) main elements of Company property. FH and/or CY accrued on replacement spare Main Element(s) provided by the Provider to the Company under this Agreement and/or any Main Element(s) different from those installed on Aircraft on the date they
were originally delivered to the Company or not owned by the Company shall not be taken into account in this refund process. 

  

	11.	RECONCILIATION & AUDIT  

 During the Term, the Company shall provide the Provider with
the actual number of airborne FH and cycles each Aircraft has accumulated during each Month, this information to be transmitted to the Provider not later than the tenth (10th) day of the immediately following Month. Furthermore, Company shall
provide the Provider each Month with the detail per Aircraft of Main Element S/N installed/removed and their accrued FH and cycles. 
 Every [*****], the
Parties will record the actual number of FH and/or CY accumulated in the preceding [*****] in order to reconcile the total amount due to Provider during the relevant [*****] period with the total amount actually paid by the Company for the preceding
[*****] period. 
 Such half-yearly reconciliation may include if necessary any price adjustment to be performed in accordance with Clause I.3 of Exhibit 12
and Clause 10. 
 During the Term the Company shall at any reasonable time authorize the Provider and/or its agents to inspect the Company’s facilities
or in any other place where the Aircraft or its records may be positioned with a previous notice of fifteen (15) Days, the exact number of accumulated FH and CY for any Aircraft and Main Elements or LRU operating or maintenance records. 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 21 of 70

  

 CONFIDENTIAL TREATMENT REQUESTED 

 

 For the first year of Agreement reconciliation will take place every three (3) months. 

 

	12.	INVOICING AND PAYMENT TERMS 

  

	12.1	Without limiting the obligation of the Company to make payments as provided in Article 10 above, the Company undertakes to pay the Provider the following amounts in accordance with the payment terms specified in Clause
herein. 

 The invoicing for the Interim Fleet will be treated through the Supplemental Rent Agreement(s) for each Aircraft of
the Interim Fleet, except for Clauses 12.1.1 (iv) and (v), and Clauses 12.1.2 (iv) and (v), and Clauses 12.1.3 (iv) and (v), which shall be invoiced directly through this Agreement. 

 

	12.1.1	For the three (3) first Months from Start Date 

  

	 	(i)	[*****] 

  

	 	(ii)	[*****] 

  

	 	(iii)	[*****] 

  

	 	(iv)	[*****] 

  

	 	(v)	[*****] 

  

	 	(vi)	[*****] 

  

	 	(vii)	[*****] 

  

	12.1.2	For the fourth (4th) Month to the twelfth (12th) Month from Start Date 

  

	 	(i)	[*****] 

  

	 	(ii)	[*****]

  

	 	(iii)	[*****] 

  

	 	(iv)	[*****] 

  

	 	(v)	[*****] 

  

	 	(vi)	[*****] 

  

	 	(vii)	[*****] 

  

	12.1.3	As from the thirteenth (13th) Month from Start Date 

  

	 	(i)	[*****] 

  

	 	(ii)	[*****]

  

	 	(iii)	[*****] 

  

	 	(iv)	[*****] 

  

	 	(v)	[*****] 

  

	 	(vi)	[*****] 

  

	 	(vii)	[*****] 

  

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

  

	 	(i)	within thirty (30) days after the date of the Provider’s invoice but in any case the payment date must be defined as the last day of the Month of reference for the services; 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 22 of 70

  

 CONFIDENTIAL TREATMENT REQUESTED 

 

	 	(ii)	in US Dollars; 

  

	 	(iii)	by swift wire transfer and 

  

	 	(iv)	to the following bank account : 

 NATIXIS 

48, Allées François Verdier – BP 293 – 31005 TOULOUSE CEDEX 

Bank Code: [*****] – Branch Code: [*****] 

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

Bank Account: [*****] – Key: [*****] 

IBAN Code: [*****] 
 or
such other account as the Provider may from time to time notify in writing to Company. 
 For the sake of clarity, the date of
Provider’s invoice will be ten (10) Days before the first day of the Month of reference for the services. 
  

	12.3	Payments due to the Provider hereunder shall be made in full, without set-off, counterclaim, deduction or withholding of any kind. Consequently, the Company shall procure that the sums received by the Provider under
this Agreement shall be equal to the full amounts expressed to be due to the Seller hereunder, without deduction or withholding on account of and free from any and all Taxes (including any tax required to be deducted or paid under the laws of in
respect of amounts paid by Company to Provider), levies, imposts, dues or charges of whatever nature. 

  

	12.4	Any payment due to the Provider is payable on a day that is not a Business Day, such payment shall be payable on the immediately preceding Business Day; 

 

	12.5	If any payment due to the Provider is not received on the due date, without prejudice to any other of the Provider’s rights or remedies the Company shall in addition to payment of the price, pay interest at a rate
per annum equal to the aggregate of [*****] on any sum remaining unpaid after the due date until the actual date of receipt by the Provider of the payment, such interest being calculated on a daily basis. The Company shall reimburse all costs and
expenses (including legal costs) incurred in the collection of any overdue amount. 

  

	13.	SECURITY DEPOSIT 

  

	13.1	Upon signature of this Agreement, the Company shall pay to the Provider a cash deposit in an amount equal to: 

  

	 	(a)	as from the Start Date and up to the date the Company pays to the Provider a cash deposit according to Clauses 13.1 (b) and 13.2, the aggregate of: 

 

	 	(i)	[*****] provided to the Company by the Provider for the entire Interim Fleet, calculated as per above Clauses 10 and Clause 12.1.3, i.e. [*****] 

 

	 	(ii)	[*****] of the Stock value at Start Date, i.e. [*****], such amount shall be accordingly adjusted to Stock change as set in Exhibit 10, 

	 	(b)	as from the date of delivery of the first Aircraft of the Final Fleet, the aggregate of: 

  

	 	(i)	[*****] of Services provided to the Company by the Provider for the entire Final Fleet, calculated as per above Clauses 10 and Clause 12.1.3, i.e. US Dollars TBD ($ TBD), 

 

	 	(ii)	[*****] of the Stock value at the date of integration in this Agreement of the first aircraft of the Final Fleet, i.e. US Dollars TBD ($ TBD), such amount shall be accordingly adjusted to Stock change as set in Exhibit
10 

 to be held by the Provider pursuant to this Agreement (the “Security Deposit”). 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 23 of 70

  

 CONFIDENTIAL TREATMENT REQUESTED 

 

	13.2	The Provider agrees to waive the cash payment requirement for the Security Deposit, upon receipt of one (1) confirmed irrevocable Standby Letter of Credit reasonably acceptable to the Provider (in accordance with UCP
for the documentary credit, 1993 revision, ICC publication N°500) for an amount equal to the amount of the Security Deposit set out in Clause 13.1 above (the “LOC”), and shall be confirmed by and domiciliated in NATIXIS, Toulouse,
France. 

  

	13.3	The validity of the LOC shall exceed by [*****] the Term. However if the validity of the LOC, or the validity of the confirmation by NATIXIS, Toulouse, France is shorter than the Term plus [*****] the Provider agrees to
waive the cash payment requirement for a period equal to the validity of the LOC or of the confirmation by NATIXIS, Toulouse, France (whichever is the shortest). 

  

	13.4	If the validity of the confirmation by NATIXIS, Toulouse, France and of the LOC have not been extended pursuant to the provisions of Clause 13.3, the Security Deposit will become immediately due and payable and the
Provider will be entitled to withdraw such LOC. 

  

	13.5	The Security Deposit or LOC and any interest accrued thereon, will be the property of the Provider and will be non-refundable except as set out in this Agreement. 

 

	13.6	If, during the Term, the Company fails to comply with any of its obligations under or pursuant to this Agreement or any other agreement entered into between Provider and Company or is otherwise in Default hereunder or
under any other agreement entered into between Provider and Company, the Provider may use, apply or retain all or any portion of the Security Deposit in or towards satisfaction of any sums due to the Provider by the Company hereunder or under any
other agreement entered into between Provider and Company or to compensate or otherwise reimburse the Provider for any sums which it may in its discretion advance or expend as a result of any such failure or Default by the Company.

 If the Provider so uses, applies or retains all or any portion of the Security Deposit such use, application or retention
shall not be deemed a cure or waiver of any such failure or default, unless such application or retention has discharged in full the relevant sums then due and owing to the Provider by the Company and the Company shall, voluntarily or promptly upon
written demand therefore, provide to the Provider with additional security in an amount sufficient to restore the Security Deposit to its original amount. 
  

	13.7	In the event of LOC being not in full force or for any reason ceasing to constitute the legal, valid and binding obligation of the issuer during the Term and, in the event that any such occurrence arises, the Company
shall not within 15 (fifteen) calendar days of being notified by Provider of the occurrence of such an event have provided a replacement LOC, the Provider will have the right to terminate the Agreement by notice to the Company. The provisions of
Clause 16.3 will then apply. 

  

	13.8	Subject to no Company Default having occurred and then continuing and/or any sums remain unpaid under or pursuant this Agreement or any other agreement entered into between Provider and Company, the Provider shall
return to the Company (i) an amount equal to the balance of the Security Deposit not applied in accordance with this Agreement within [*****] calendar days after the termination or expiration of this Agreement. 

 

	14.	LIMITATION OF LIABILITY  

  

	14.1	THE TERMS AND CONDITIONS SET OUT IN ARTICLE 9 OF THIS AGREEMENT SET OUT PROVIDER’S ENTIRE LIABILITY WITH RESPECT TO ALL GOODS AND SERVICES SUPPLIED HEREUNDER AND COMPANY AGREES THAT, TO THE FULLEST EXTENT PERMIITED
BY LAW, : 

  

	 	(I)	ALL OTHER CONDITIONS, WARRANTIES AND TERMS EXPRESSED OR IMPLIED BY LAW, STATUTE OR OTHERWISE, INCLUDING BUT NOT LIMITED TO ANY WARRANTY OR MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE, ARE HEREBY EXPRESSLY
EXCLUDED; AND 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 24 of 70

  

 CONFIDENTIAL TREATMENT REQUESTED 

 

	 	(II)	THE PROVIDER SHALL NOT HAVE ANY LIABILITY IN CONTRACT OR IN TOR [*****] EXCEPT INSOFAR AS THE SAME RESULTS FROM WILLFUL MISCONDUCT OR GROSS NEGLIGENCE ON THE PART OF THE PROVIDER; AND 

 

	 	(III)	[*****] 

  

	14.2	NOTWITHSTANDING THE FOREGOING PROVISIONS OF THIS CLAUSE 14, NOTHING CONTAINED IN SUCH PROVISION SHALL AFFORD TO THE PROVIDER ANY WIDER EXCLUSION OF ANY LIABILITY OF THE PROVIDER FOR DEATH OR PERSONAL INJURY THAN THE
PROVIDER MAY EFFECTIVELY EXCLUDE HAVING REGARD TO THE PROVISION OF ANY APPLICABLE LAW. 

  

	15.	INDEMNITY 

 THE COMPANY AGREES TO INDEMNIFY AND HOLD HARMLESS THE INDEMNIFIED PARTIES FROM AND
AGAINST ANY AND ALL CLAIMS, LOSSES, LIABILITIES, SUITS, JUDGMENTS, EXPENSES, PENALTIES, FINES OR INDEMNITY PAYMENTS OF WHATSOEVER KIND AND NATURE INCLUDING, WITHOUT LIMITATION, FOR OR ON ACCOUNT OF, OR ARISING FROM, OR IN WAY CONNECTED WITH, INJURY
TO OR DEATH OF ANY PERSONS (OTHER THAN PROVIDER’S EMPLOYEES OR REPAIR SHOPS’ EMPLOYEES) WHATSOEVER OR LOSS OR DAMAGE TO ANY PROPERTY OF ANY PERSON (ANY OF THE FOREGOING BEING REFERRED TO AS A “CLAIM”) AND REGARDLESS OF
WHEN THE SAME SHALL BE MADE OR INCURRED, WHETHER DURING OR AFTER THE TERM WHICH MAY FROM TIME TO TIME BE IMPOSED ON, INCURRED OR ASSERTED AGAINST ANY OF THE INDEMNIFIED PARTIES IN CONNECTION WITH THE COMPANY’S ACTIVITIES WHETHER UNDER THIS
AGREEMENT OR OTHERWISE, EXCEPT TO THE EXTENT THAT SUCH CLAIM IS CAUSED BY THE WILLFUL MISCONDUCT OR GROSS NEGLIGENCE OF ANY OF THE INDEMNIFIED PARTIES. 
  

	16.	TERMINATION  

  

	16.1	Insolvency  

 During the Term, either Party may terminate all or part this Agreement
pursuant to provisions of Clause 16.5 Termination Procedure, without prejudice to their rights and remedies under this Agreement and to the fullest extent permitted by Law, on the occurrence of one or more of the following events: 

 

	 	(i)	the other Party admits in writing its inability to pay its debts as they become due or makes a general assignment for the benefit of creditors or becomes insolvent; and/or, 

 

	 	(ii)	the other Party files a voluntary petition under bankruptcy or insolvency law; and/or, 

  

	 	(iii)	the other Party petitions for or acquiesces in the appointment of any receiver, trustee or similar officer to liquidate or conserve its business or any substantial part of its assets; and/or, 

 

	 	(iv)	the other Party commences under the laws of any competent jurisdiction any proceeding involving its insolvency, bankruptcy, reorganisation, readjustment of debt, dissolution, liquidation or any other similar proceeding
for the relief of financially distressed debtors; and/or, 

  

	 	(v)	the other Party becomes the object of any proceeding or action of the type described in above Clauses 16.1 (iii) and 16.1 (iv) and such proceeding or action remain undismissed or unstayed for a period of at
least sixty (60) calendar days; and/or, 

  

	 	(vi)	the other Party is divested of a substantial part of its assets for a period of at least sixty (60) calendar days; 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 25 of 70

  

	16.2	Company’s Default  

  

	 	(a)	On the occurrence of one or more of the following events: 

  

	 	(i)	the Company ceases to operate the Aircraft for any reason whatsoever; and/or 

  

	 	(ii)	any Operational LRU and any replacement spare Main Element, delivered by the Provider to the Company pursuant to Exhibits 10, 11 and 12 to this Agreement is used on an aircraft which is not any Aircraft or to benefit to
any third party not a party to this Agreement; and/or 

  

	 	(iii)	any Unserviceable LRU delivered by the Company to the Provider for repair or overhaul under this Agreement prove to come from an aircraft which is not any Aircraft; and/or 

 

	 	(iv)	any event or series of events occurs which, in the reasonable opinion of the Provider may be expected to have a material adverse effect on (i) the ability of the Company to comply with its obligations under this
Agreement or (ii) the Company’s financial condition or business operations; 

  

	 	(v)	the Company fails to observe or perform any of its obligation expressed to be assumed by it under the Agreement; 

and 
  

	 	(b)	such event (a “Company Default”) continues for a period of more than five (5) Business Days after the receipt of a notice of default by the Company from the Provider to correct such Company
Default, then the Provider may without prejudice to its other rights under this Agreement, by written notice to the Company: 

  

	 	(i)	proceed by appropriate court action or actions to enforce performance of this Agreement, including the payment of all amounts due and payable by the Company to pursuant to this Agreement; and/or, 

 

	 	(ii)	proceed by appropriate court action to recover damages for Company Default; and/or, 

  

	 	(iii)	direct the Company to return the Stock forthwith, any Unserviceable LRU, any Core Item, any replacement Spare Main Elements and any leased Main Element (when applicable under this Agreement); and/or, 

 

	 	(iv)	repossess the Stock, any Unserviceable LRU, any Core Item, any replacement Spare Main Element, and any leased Main Element (when applicable under this Agreement) and the Company agrees that the Provider may enter onto
the Company’s premises where the Stock, any Unserviceable LRU, any Core Item, any replacement Spare Main Element and any leased Main Element (when applicable under this Agreement) may be located or cause the Stock, any Unserviceable LRU, any
Core Item, any replacement Spare Main Element and any leased Main Element (when applicable under this Agreement) to be re-delivered to: 

ATR Customer Support 

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

and/or, 
  

	 	(v)	suspend all or part of this Agreement by way of notice of suspension which shall specify the Services and/or items undelivered or unfurnished on the date of such suspension for which such partial suspension shall be
effective until such Company Default is corrected; 

 and/or 

 

	 	(vi)	terminate all or part of this Agreement as it considers appropriate in its absolute discretion pursuant to provisions of Clause 16.5 Termination Procedure. 

 

	16.3	Party’s Default  

 Either Party shall be entitled to terminate this Agreement
during the Term pursuant to provisions of Clause 16.5 Termination Procedure, without prejudice to its other rights and remedies under this Agreement, if the other Party fails to observe or perform any of its obligation expressed to be assumed by

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 26 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

	 	
it under the Agreement, and such failure (“Default”) if capable of being remedied, continues for a period of more than ten (10) calendar days after the receipt of a notice
of default to remedy such Default. 

  

	16.4	Early Termination Fees 

  

	 	(i)	Notwithstanding the provisions of this Clause 16 and in addition to the latter and/or any other provision of the Agreement and provided that the Provider is not in Default, if the Agreement is terminated before the Term
by the Company and/or following a Company Default, the Company shall pay to Provider an early termination fee equivalent of:before delivery of the first ATR 72-600 Aircraft: 

 

	 	  	            [*****] 

  

	 	(ii)	after delivery of the first ATR 72-600 Aircraft: 

  

	 	  	            [*****] 

  

	  	at least thirty [*****] after such early termination. 

 For the sake of clarity, if the Final
Fleet is not integrated in the Agreement, only Clause 16.4 (i) will be applicable. 
  

	16.5	Termination Procedure 

  

	16.5.1	To the fullest extent permitted by Law and/or the Agreement, the termination of all or part of this Agreement, for any reason whatsoever, pursuant to Clause 3 or 16, as applicable, shall become effective within five
(5) calendar days from receipt of a notice of termination by the relevant Party from the other Party, without it being necessary to take any further action or to seek any consent from the relevant Party or any court having jurisdiction;

  

	16.5.2	The rights of a Party to terminate all or part of this Agreement pursuant to Clause 16 shall be without prejudice to its other rights and remedies available to seek termination of all or part of this Agreement before
any court having jurisdiction pursuant to any failure by the relevant Party to perform its obligations under this Agreement; 

  

	16.5.3	If a Party decides to terminate part of this Agreement, the notice of termination shall specify the Services and/or items undelivered or unfurnished on the date of such termination for which such partial termination
shall be effective; 

  

	16.5.4	Any Work Order placed prior to the termination of the Agreement shall remain valid, subject to (i) any sum due by the Company to the Provider under the Agreement and/or any other agreement between the Provider and
the Company is paid and (ii), when applicable, the Company has paid in advance the relevant Work Order price; 

  

	16.5.5	Notwithstanding the provisions hereabove, and to the extent permitted by Law and/or the Agreement, if the Agreement is terminated following a Company Default, the Company will indemnify and pay to the Provider from time
to time on demand against any Loss which the Provider may sustain or incur directly or indirectly as a result of such Company Default, including without limitation: 

 

	 	(i)	all costs and expenses incurred by the Provider in recovering possession of the Stock, any Unserviceable LRU, any Core Item, any Spare Main Element, any leased Main Element (when applicable under this Agreement) and in
carrying out any works, repair, re-certification, overhaul or replacement required to put the Stock, any Unserviceable LRU, any Core Item, any Spare Main Element and any leased Main Element (when applicable under this Agreement) on condition and in
storing and insuring following such repossession; and/or, 

  

	 	(ii)	all costs, expenses, loss of profit incurred and/or suffered by the Provider in remarketing the Stock. 

The Provider will use reasonable endeavours to mitigate such Loss (to the extent within its control to do so), but it shall not be obliged to
consult with the Company concerning any proposed course of action or to notify the Company of the taking of any particular action. 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 27 of 70

  

	16.5.6	Notwithstanding the provisions here above, and to the extent permitted by Law and/or the Agreement, if the Agreement is terminated following a Default, the Defaulting Party shall indemnify and pay to the Non-Defaulting
Party from time to time on demand against any Loss which the Non-Defaulting Party may sustain or incur directly or indirectly as a result of such Default, including without limitation, all legal fees and out-of-pocket expenses, stamp, documentary,
registration or other like duties, taxes or charges incurred by the Non-Defaulting Party and/or its professional advisers, in connection with enforcing, perfecting, protecting, or preserving (or attempting to enforce, perfect, protect or preserve)
any of its rights, or in suing for or recovering any sum, under this Agreement. 

 The Non-Defaulting Party will use reasonable
endeavours to mitigate such Losses (to the extent within its control to do so), but it shall not be obliged to consult with the Defaulting Party concerning any proposed course of action or to notify the Defaulting Party of the taking of any
particular action. 
  

	16.5.7	Since the Security Deposit and any interest accrued thereon, is the property of the Provider and is not non-refundable except as set out in this Agreement, the Provider may, pursuant to Clause 13 - Security Deposit and
without prejudice to any other rights and remedies available to it under this Agreement or by Law, use, apply or retain all or any portion of the Security Deposit in or towards satisfaction of any sums due to it by the Company hereunder or under any
other agreement entered into between it and Company or to compensate or otherwise reimburse the Provider for any sums which it may in its discretion advance or expend as a result of any Company Default and/or Default by the Company.

  

	16.5.8	If this Agreement is terminated upon the Expiry Date, the Company will indemnify the Provider and pay to the Provider from time to time on demand against any Loss which the Provider may sustain or incur directly or
indirectly as a result of the Termination of this Agreement upon the Expiry Date, including without limitation: 

  

	 	(i)	any amounts the Company owes the Provider under this Agreement; 

  

	 	(ii)	all costs and expenses incurred by the Provider in recovering possession of the Stock, any Unserviceable LRU, any Core Item, any spare Main Element, any leased Main Element (when applicable under this Agreement) and in
carrying out any works, repair, re-certification, overhaul or replacement required to put the Stock, any Unserviceable LRU, any Core Item and any spare Main Element on condition and in storing and insuring the Stock, any Unserviceable LRU, any Core
Item, any spare Main Element and any leased Main Element (when applicable under this Agreement), following such repossession; 

  

	 	(iii)	all legal fees and out-of-pocket expenses, stamp, documentary, registration or other like duties, taxes or charges incurred by the Provider and/or the Provider’s professional advisers, in connection with enforcing,
perfecting, protecting, or preserving (or attempting to enforce, perfect, protect or preserve) any of the Provider’s rights, or in suing for or recovering any sum, under this Agreement. 

The Provider will use reasonable endeavours to mitigate such Losses (to the extent within its control to do so), but the Provider shall not be
obliged to consult with the Company concerning any proposed course of action or to notify the Company of the taking of any particular action. 
  

	17.	CONDITIONS PRECEDENT  

 The Provider’s obligations hereunder shall be subject to each of the
following conditions precedent having been met (or waived) to the Provider’s satisfaction at the latest the 10th calendar day from the date of signature of this Agreement: 

 

	 	(i)	The Registration form filled-in by the Company providing Provider with the administrative data necessary to enable correct administration of this Agreement including, without limitation, the invoicing address, delivery
address, forwarding agent; 

  

	 	(ii)	Certified true copies of the constitutive documents of the Company, and certified true copies of a power of attorney or of the minutes of the meetings of the relevant corporate act of the Company (as the case may be)
appointing and authorizing the relevant representatives and persons to sign this Agreement on behalf of the Company; 

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 28 of 70

	 	(iii)	An incumbency certificate setting out the names and signatures of the persons referred to in paragraph (ii) above; 

  

	 	(iv)	A fully executed original of this Agreement; 

  

	 	(v)	A statement signed by a duly authorized officer of the Company recording the status (s/n, TSN TSO CSN CSO TSHSI TSLSV) of each Main Element of each of the Aircraft as at the date of signature of this Agreement; and

  

	 	(vi)	Certificates of insurance detailing the coverage of each policy and confirming the agreement of the approved underwriters to the insurance and reinsurance requirements of this Agreements in compliance with Clause 8; and

  

	 	(vii)	the Security Deposit in compliance with provisions of Clause 13; 

  

	 	(viii)	Phase-in as set out in Clause 10.7. 

  

	18.	NOTICES  

 All notices and requests required or authorized hereunder shall be given in writing and
in English (or, if not in English, with a certified English translation) either by personal delivery to an authorised representative of the Party to whom the same is given or by registered mail (return receipt requested) or by facsimile. 

If there is a difference between the English language version of any such notice or request and any version in any other language, the English language
version shall apply. 
 The date upon which any such notice or request is so personally delivered or if such notice or request is given by registered mail
(return receipt requested) or by facsimile, the date upon which it is received by the addressee shall be deemed to be the effective date of such notice or request. 

The Provider shall be addressed at: 
 AVIONS
DE TRANSPORT REGIONAL, G.I.E. 
 1, allée Pierre Nadot 

31712 Blagnac CEDEX 
 France 

 

			
	Attention:	 	Mr Sébastien GOUAICHAULT
	
	Fax         +33 5 62 21 67 40

 The Company shall be addressed at: 

AZUL 
 Alameda Surubiju,

 2010 Alphaville Industrial, Barueri 

São Paulo, Brazil CEP 06455-040 
  

			
	Attention:	 	Mr. Gerald Lee (Legal Issues) and
		
		 	Mr. Eduardo Ramos (Commercial Issues)
	
	Fax         55 11 4134-9890

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 29 of 70

	19.	CONFIDENTIALITY  

  

	19.1	Confidentiality Obligations  

 Unless otherwise provided in this Agreement, this Agreement, any and all
other related documents and any and all documents released by either of the Parties (the “Disclosing Party”) to the other Party (the “Receiving Party”) in conjunction with the transaction contemplated by this
Agreement shall be treated by both Parties as confidential and shall not be released in whole or in part to any third Party. 
 In particular, the Receiving
Party undertakes: 
  

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

  

	 	•	 	To use the Confidential Information solely for the purpose defined herein and except as otherwise expressly agreed in writing by the Disclosing Party, not to use the same or permit its use for any other purpose;

  

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

 

	 	•	 	not to make any press release concerning the whole or any part of the transaction contemplated by this Agreement (or of any future amendment hereto) without the prior consent of the other Party hereto;

  

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

  

	 	•	 	not to disclose Confidential Information to any third Party, unless such third Party is acting at the instruction of the Receiving Party and such disclosure is reasonably necessary to accomplish one or more of the
purpose of the Agreement; provided however, that prior to any such disclosure the following conditions is satisfied: the Receiving Party shall have obtained written prior approval of the Disclosing Party of such proposed disclosure, which approval
may be not unreasonably withheld or delayed. 

  

	 	•	 	Immediately notify the Disclosing Party if a disclosure of Confidential Information is required by a governmental authority and to use all reasonable effort to assist the Disclosing Party in opposing such disclosure if
applicable; 

  

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

 

	19.2	Non application of confidentiality obligations  

 The obligations of Receiving Party with
respect to Confidential Information as set forth in Clause 19.1 above shall not be applicable to information which: 
  

	 	(a)	at the date of signature of the Agreement Party was part of the public domain other than by a violation of the Agreement, or any other non-disclosure agreement or the applicable law of any jurisdiction; or

  

	 	(b)	was already lawfully known by the Receiving Party, as evidenced by written records bearing an unquestionable date, prior the signing of the Agreement by the Disclosing Party and was without restriction; or

  

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 30 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

	19.3	Permitted Disclosure of Confidential Information  

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

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

  

	 	(b)	by any applicable law; 

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

 

	19.4	Disclosing Party’s Proprietary Rights  

 Any Confidential Information shall remain
the property of the Disclosing Party. The Agreement shall not be construed as granting or conferring to the Receiving Party, either expressly or by implication, any license or proprietary interest in or to any Confidential Information nor any right
of use beyond the purpose expressly authorised herein. 
 No title to or other ownership interest in the Confidential Information is
transferred except as specifically stated in the Agreement, and the Receiving Party hereby expressly disclaims any such rights or interests. 

The Receiving Party hereby acknowledges and recognises that Confidential Information is protected by copyright laws and international treaty
provisions. 
 This clause shall survive termination or expiry of this Agreement for a period of five (5) years following such
termination/expiry. 
  

	20.	TAXES  

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

 

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

  

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

 

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

  

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

In the event any of the items above are levied upon Provider, Provider shall immediately notify the Company. The Company, within five (5) Business Days
of receipt of such notification from Provider shall either cause the charge to be waived or pay the charges directly. For those items above that Provider is required by law to pay, Provider will charge the Company and the Company shall reimburse
Provider in an amount which leaves the Provider in the same economic situation as if such payment of charges and reimbursement thereof had not been required. 

If the Company is required by Law to make a withholding of taxes on the payments due to Provider under this Agreement, the Company shall bear the cost of
these expenses so that the payment received by Provider after such withholding tax shall be the same amount of the prices described herein. 
 For sake of
clarity, Provider shall bear the French income tax assessed on Provider’s income and net profits in France. 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 31 of 70

  

	21.	SEVERABILITY  

 If at any time any provision of this Agreement is or becomes illegal, invalid or
cannot be enforced in any respect in any jurisdiction, neither: 
  

	 	(i)	the legality, validity or enforceability in that jurisdiction of any of the other provisions of this Agreement; or 

  

	 	(ii)	the legality, validity or enforceability in any other jurisdiction of that or any other provision of this Agreement, 

will be affected or impaired thereby. 
  

	22.	WHOLE AGREEMENT 

 This Agreement is the whole agreement between the Provider and the Company for
providing the Services and supersedes and replaces all previous agreements, understandings, commitments or representations whatsoever whether oral or written. 
  

	23.	AMENDMENTS  

 This Agreement may only be varied or amended by a written document duly executed by
both Parties or by their duly authorized representatives. 
  

	24.	ASSIGNMENT  

 The Company may not assign or transfer all or part of its rights and obligations
under this Agreement to any person without the written consent of the Provider, which consent shall not be unreasonably delayed or withheld. The Provider may at any time assign or transfer all or part of its rights and obligations under this
Agreement to any person provided that such assignment or transfer is notified to the Company. 
  

	25.	GOVERNING LAW & JURISDICTION [INCLUDE PROVISION FROM PURCHASE AGREEMENT]  

  

	25.1	Governing Law 

 Pursuant to and in accordance with Section 5-1401 of the New York General
Obligations Law, the Parties hereto agree that this Agreement in all respects shall be governed by, and construed in accordance with, the laws of the State of New York, U.S.A. as applied to contracts to be performed wholly within the State of
New York (Exclusive of Section 7-101 of the New York General Obligations Law which is inapplicable to this Contract). 
  

	25.2	Arbitration 

 Any dispute (a “Dispute”) arising out of or in connection with this
Agreement (including a dispute regarding the existence, validity or termination of this Agreement or the consequences of its nullity) shall be referred to and finally resolved by arbitration under the Rules of Arbitration of the International
Chamber of Commerce (ICC) (the “Rules”), which Rules are deemed to be incorporated by reference into this arbitration agreement. 

The arbitral tribunal shall consist of three (3) arbitrators. The seat of arbitration shall be New York, U.S.A. All hearings shall take
place in New York, New York and the language of the arbitration shall be English. 
 The governing law of this arbitration agreement shall be
the substantive laws of the State of New York, U.S.A. 

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 32 of 70

	26.	MISCELLANEOUS 

  

	26.1	The time stipulated in this Agreement for all payments by Company to the Provider and for the Provider to perform its obligations under this Agreement shall be of the essence. 

 

	26.2	Clauses 16, 21 and 22 and any obligation to pay liquidated damages and/or Clauses which by their terms are expressly intend to survive the expiry or termination of this Agreement shall survive and continue in full force
and affect notwithstanding the expiration or any termination of the Agreement. The obligations of the Parties with respect to indemnities under this Agreement and all other obligations of the Parties which by nature are intended to survive the
termination of this Agreement shall survive notwithstanding the termination of all or part of this Agreement. 

  

	26.3	Each Party shall, and shall use all reasonable endeavours to procure that third Parties shall, execute and sign such documents and do such acts and things as any other Party shall reasonably request in order to carry
out the intended purpose of this Agreement or to establish, perfect, preserve or enforce that Party’s rights under this Agreement. 

  

	26.4	Negation of Waiver: failure of either Party at any time to enforce any of the provisions of this Agreement shall not be construed as a waiver or forbearance by such Party of such provisions or in any way affect the
validity of this Agreement or part thereof. 

  

	26.5	Relationship of the Parties: the relationship of the Parties hereto shall be that of independent Parties and not that of principal and agent. Neither Party shall represent itself as the agent of the other.

  

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 33 of 70

 This Agreement has been executed in two (2) original copies in the English language and shall be subject to
Provider’s board approval which will have to be released within thirty (30) Days from the signature of this Agreement. 
  

									
	On behalf of:	  		  		  	On behalf of:	  	
				
	AZUL	  		  		  	AVIONS DE TRANSPORT REGIONAL
	(Company)	  		  		  	(Provider)	  	
					
	Signed by:	  	Gerald B. Lee	  		  	Signed by:	  	Luigi Mollo
					
	Function:	  	Director	  		  	Function:	  	Vice-President Commercial Customer Services

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 34 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 1 – LIST OF ATR AIRCRAFT COVERED UNDER THIS AGREEMENT 

[*****] 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 35 of 70

 EXHIBIT 2 – “Intentionally Left Blank” 

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 36 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 3 – STOCK 

The following Exhibit 3 is composed of three (3) pages, into which are listed [*****] part numbers. 

This list is set in accordance with the Interim Fleet aircraft configuration only and it shall be amended as required in order to take into account the Final
Fleet aircraft configuration. 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 37 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	CONTROLLER-MANUAL	  	[*****]
	[*****]	  	COOLING UNIT	  	[*****]
	[*****]	  	EXCHANGER-HEAT, DUAL	  	[*****]
	[*****]	  	INDICATOR-CAB PRESS	  	[*****]
	[*****]	  	VALVE-PACK FLOW CONTROL	  	[*****]
	[*****]	  	VALVE-PNEUMATIC OUTFLOW	  	[*****]
	[*****]	  	VALVE-TRIM AIR	  	[*****]
	[*****]	  	VALVE-TURBINE INLET CONTROL	  	[*****]
	[*****]	  	ACTUATOR-AP	  	[*****]
	[*****]	  	ADVISORY DISPLAY UNIT-AFCS	  	[*****]
	[*****]	  	COMPUTER-AFCS	  	[*****]
	[*****]	  	CONTROL PANEL-AFCS	  	[*****]
	[*****]	  	AMPLIFIER-HF POWER	  	[*****]
	[*****]	  	AMPLIFIER-PASSENGER ADDRESS	  	[*****]
	[*****]	  	AUDIO CONTROL PANEL	  	[*****]
	[*****]	  	CONTROL UNIT-VHF	  	[*****]
	[*****]	  	CONTROL UNIT-VHF	  	[*****]
	[*****]	  	CONTROL UNIT-VHF	  	[*****]
	[*****]	  	COUPLER HF ANTENNA	  	[*****]
	[*****]	  	COUPLER HF ANTENNA	  	[*****]
	[*****]	  	CVR-SOLID STATE	  	[*****]
	[*****]	  	HANDSET-CABIN ATTENDANT	  	[*****]
	[*****]	  	HANDSET-CABIN ATTENDANT	  	[*****]
	[*****]	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	[*****]	  	TRANSCEIVER-HF	  	[*****]
	[*****]	  	TRANSCEIVER-HF	  	[*****]
	[*****]	  	TRANSCEIVER-VHF	  	[*****]
	[*****]	  	TRANSCEIVER-VHF	  	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER,AC	  	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER,DC	  	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR,AC	  	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR,DC	  	[*****]
	[*****]	  	GENERATOR-AC	  	[*****]
	[*****]	  	INVERTER-STATIC	  	[*****]
	[*****]	  	SENSOR-HALL EFFECT	  	[*****]
	[*****]	  	STARTER GENERATOR-DC	  	[*****]
	[*****]	  	TRANSMITTER-EMERGENCY LOCATOR	  	[*****]
	[*****]	  	TRANSMITTER-EMERGENCY LOCATOR	  	[*****]
	[*****]	  	DETECTOR-SMOKE	  	[*****]
	[*****]	  	ACTUATOR-TRIM	  	[*****]
	[*****]	  	INDICATOR-FLAP POSITION	  	[*****]
	[*****]	  	INDICATOR-TRIM POSITION	  	[*****]
	[*****]	  	VALVE BLOCK-FLAP	  	[*****]
	[*****]	  	VALVE BLOCK-SPOILER	  	[*****]
	[*****]	  	INDICATOR-FUEL QUANTITY REPEATER,KG	  	[*****]
	[*****]	  	INDICATOR-FUEL QUANTITY,KG	  	[*****]
	[*****]	  	PUMP-FUEL ELECTRIC	  	[*****]
	[*****]	  	PUMP-ELECTRIC,AUXILIARY,DC	  	[*****]

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 38 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

					
	[*****]	  	DETECTOR-ICE	  	[*****]
	[*****]	  	VALVE-ANTI ICING PRESS REGULATOR AND SHU	  	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	[*****]	  	CLOCK	  	[*****]
	[*****]	  	CLOCK	  	[*****]
	[*****]	  	ENTRY PANEL-FLIGHT DATA	  	[*****]
	[*****]	  	FLIGHT DATA ACQUISITION UNIT	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	PANEL-CREW ALERTING	  	[*****]
	[*****]	  	PROBE-CCAS ALPHA	  	[*****]
	[*****]	  	SOLID STATE FLIGHT DATA RECORDER	  	[*****]
	[*****]	  	BOX-UPLOCK	  	[*****]
	[*****]	  	CONTROL UNIT-ANTISKID SYSTEM	  	[*****]
	[*****]	  	LEVER-CONTROL,L/G	  	[*****]
	[*****]	  	SENSOR-WHEEL SPEED	  	[*****]
	[*****]	  	VALVE-SELECTOR,SWIVEL	  	[*****]
	[*****]	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	[*****]	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	[*****]	  	LIGHT-ANTI COLLISION,WHITE	  	[*****]
	[*****]	  	LIGHT-ANTICOLLISION,WHITE	  	[*****]
	[*****]	  	LIGHT-LANDING	  	[*****]
	[*****]	  	LIGHT-STROBE	  	[*****]
	[*****]	  	POWER SUPPLY UNIT-STROBE LIGHT	  	[*****]
	[*****]	  	POWER SUPPLY-UNIT ANTI COLLISION LIGHT	  	[*****]
	[*****]	  	AIR DATA COMPUTER	  	[*****]
	[*****]	  	AIR DATA COMPUTER	  	[*****]
	[*****]	  	ALTIMETER	  	[*****]
	[*****]	  	ALTIMETER-STANDBY, MILLIBARS	  	[*****]
	[*****]	  	CONTROL BOX-WEATHER RADAR	  	[*****]
	[*****]	  	CONTROL PANEL-EFIS	  	[*****]
	[*****]	  	CONTROL UNIT-ADF	  	[*****]
	[*****]	  	CONTROL UNIT-DUAL ATC	  	[*****]
	[*****]	  	CONTROL UNIT-DUAL ATC	  	[*****]
	[*****]	  	CONTROL UNIT-TCAS	  	[*****]
	[*****]	  	CONTROL UNIT-VOR/ILS/DME	  	[*****]
	[*****]	  	DISPLAY UNIT-EFIS	  	[*****]
	[*****]	  	GROUND PROXIMITY WARNING COMPUTER	  	[*****]
	[*****]	  	INDICATOR-AIRSPEED	  	[*****]
	[*****]	  	INDICATOR-AIRSPEED,STANDBY	  	[*****]
	[*****]	  	INDICATOR-DME	  	[*****]
	[*****]	  	INDICATOR-RADIO MAGNETIC	  	[*****]
	[*****]	  	INDICATOR-STANDBY HORIZON	  	[*****]
	[*****]	  	INDICATOR-TAS/TEMP	  	[*****]
	[*****]	  	INDICATOR-VERTICAL SPEED	  	[*****]
	[*****]	  	PROBE-PITOT	  	[*****]
	[*****]	  	RECEIVER-ADF	  	[*****]
	[*****]	  	RECEIVER-VOR/ILS/MKR	  	[*****]
	[*****]	  	REFERENCE UNIT-ATTITUDE AND HEADING	  	[*****]
	[*****]	  	SYMBOL GENERATOR UNIT	  	[*****]
	[*****]	  	TRANSCEIVER-RADIO ALTIMETER	  	[*****]

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 39 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

					
	[*****]	  	TRANSCEIVER-TCAS	  	[*****]
	[*****]	  	VALVE-FLUX	  	[*****]
	[*****]	  	TRANSMITTER/REGULATOR - OXYGEN PRESS	  	[*****]
	[*****]	  	DUCT-DISCHARGE DOWNSTREAM VALVE	  	[*****]
	[*****]	  	VALVE ASSY-SHUTOFF	  	[*****]
	[*****]	  	VALVE-HP AIR BLEED	  	[*****]
	[*****]	  	VALVE-XFEED,AIR BLEED	  	[*****]
	[*****]	  	BLADE AND PIN ASSY	  	[*****]
	[*****]	  	BRUSH BLOCK ASSY	  	[*****]
	[*****]	  	CONTROL ELECTRONIC-PROPELLER	  	[*****]
	[*****]	  	CONTROL UNIT-PROPELLER	  	[*****]
	[*****]	  	CONTROL UNIT-PROPELLER	  	[*****]
	[*****]	  	INDICATOR-NP,PROPELLER	  	[*****]
	[*****]	  	PROPELLER-SERVO VALVE	  	[*****]
	[*****]	  	PUMP-PROPELLER FEATHERING	  	[*****]
	[*****]	  	SWITCH-PRESSURE,HYDRAULIC	  	[*****]
	[*****]	  	PIPE-EXHAUST	  	[*****]
	[*****]	  	INDICATOR-FUEL FLOW/FUEL USED,KG	  	[*****]
	[*****]	  	INDICATOR-FUEL TEMPERATURE	  	[*****]
	[*****]	  	TRANSMITTER-FUEL FLOW	  	[*****]
	[*****]	  	PUSH-PULL CABLE-PROPELLER POWER	  	[*****]
	[*****]	  	INDICATOR-ITT	  	[*****]
	[*****]	  	INDICATOR-NH	  	[*****]
	[*****]	  	INDICATOR-TORQUE	  	[*****]
	[*****]	  	ACTUATOR-OIL COOLER FLAP	  	[*****]
	[*****]	  	COOLER-OIL	  	[*****]
	[*****]	  	INDICATOR-OIL TEMP/PRESS	  	[*****]
	[*****]	  	ELECTRONIC ENGINE CONTROL UNIT	  	[*****]
	[*****]	  	BRAKE, PROPELLER	  	[*****]
	[*****]	  	CONTROL,AUTOFEATHER	  	[*****]
	[*****]	  	EXCITER - IGNITION I.C.	  	[*****]
	[*****]	  	EJECTOR, FUEL WASTE	  	[*****]
	[*****]	  	SENSOR TORQUE METER	  	[*****]
	[*****]	  	VALVE ASSY,INTERCOMPRESS BLEED	  	[*****]
	[*****]	  	COOLER - OIL	  	[*****]
	[*****]	  	FLOW DIVIDER & DUMP VALVE	  	[*****]
	[*****]	  	SERVO VALVE	  	[*****]
	[*****]	  	VALVE INTERCOMPRESSOR BLEED	  	[*****]
	[*****]	  	FUEL HEATER	  	[*****]
	[*****]	  	FCU-HYDRO MECHANICAL	  	[*****]
	[*****]	  	FUEL PUMP	  	[*****]

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 40 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 4 – LRU(s) AVAILABLE FOR REPAIR AND STANDARD EXCHANGE SERVICES 

The following Exhibit 4 is composed of six (6) pages, into which are listed [*****] part numbers. 

This list is set in accordance with the Interim Fleet aircraft configuration only and it shall be amended as required in order to take into account the Final
Fleet aircraft configuration. 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 41 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	CONDENSER	  	[*****]
	[*****]	  	CONTROLLER-DIGITAL	  	[*****]
	[*****]	  	CONTROLLER-MANUAL	  	[*****]
	[*****]	  	CONTROLLER-TEMPERATURE	  	[*****]
	[*****]	  	COOLING UNIT	  	[*****]
	[*****]	  	EXCHANGER-HEAT, DUAL	  	[*****]
	[*****]	  	EXTRACTOR-WATER	  	[*****]
	[*****]	  	FAN-AIR EXTRACTION	  	[*****]
	[*****]	  	FAN-AIR EXTRACTION	  	[*****]
	[*****]	  	FAN-GASPER	  	[*****]
	[*****]	  	FAN-GROUND COOLING	  	[*****]
	[*****]	  	FAN-GROUND COOLING	  	[*****]
	[*****]	  	FAN-RECIRCULATION	  	[*****]
	[*****]	  	INDICATOR-CAB PRESS	  	[*****]
	[*****]	  	INDICATOR-COMPT/DUCT TEMP	  	[*****]
	[*****]	  	REGULATOR-PRESSURE	  	[*****]
	[*****]	  	SELECTOR-TEMPERATURE	  	[*****]
	[*****]	  	SWITCH-OVERTEMPERATURE	  	[*****]
	[*****]	  	VALVE CHECK-AIR BLEED	  	[*****]
	[*****]	  	VALVE-CHECK	  	[*****]
	[*****]	  	VALVE-CHECK,ECS DISTRIBUTION	  	[*****]
	[*****]	  	VALVE-ELECTROPNEUMATIC OUTFLOW	  	[*****]
	[*****]	  	VALVE-HOT BYPASS	  	[*****]
	[*****]	  	VALVE-OVERBOARD VENTILATION	  	[*****]
	[*****]	  	VALVE-PACK FLOW CONTROL	  	[*****]
	[*****]	  	VALVE-PNEUMATIC OUTFLOW	  	[*****]
	[*****]	  	VALVE-SHUTOFF TURBOFAN	  	[*****]
	[*****]	  	VALVE-TRIM AIR	  	[*****]
	[*****]	  	VALVE-TRIM AIR	  	[*****]
	[*****]	  	VALVE-TURBINE INLET CONTROL	  	[*****]
	[*****]	  	VALVE-UNDERFLOOR ISOL/VENT	  	[*****]
	[*****]	  	VALVE-UNDERFLOOR ISOL/VENT	  	[*****]
	[*****]	  	ACTUATOR-AP	  	[*****]
	[*****]	  	ADVISORY DISPLAY UNIT-AFCS	  	[*****]
	[*****]	  	COMPUTER-AFCS	  	[*****]
	[*****]	  	CONTROL PANEL-AFCS	  	[*****]
	[*****]	  	ROD-DYNAMOMETRIC,ELEVATOR	  	[*****]
	[*****]	  	ROD-DYNAMOMETRIC,RUDDER	  	[*****]
	[*****]	  	AMPLIFIER-HF POWER	  	[*****]
	[*****]	  	AMPLIFIER-PASSENGER ADDRESS	  	[*****]
	[*****]	  	AUDIO CONTROL PANEL	  	[*****]
	[*****]	  	CONTROL UNIT-CVR	  	[*****]
	[*****]	  	CONTROL UNIT-HF	  	[*****]
	[*****]	  	CONTROL UNIT-HF	  	[*****]
	[*****]	  	CONTROL UNIT-VHF	  	[*****]
	[*****]	  	CONTROL UNIT-VHF	  	[*****]
	[*****]	  	CONTROL UNIT-VHF	  	[*****]

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 42 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

					
	[*****]	  	COUPLER HF ANTENNA	  	[*****]
	[*****]	  	COUPLER HF ANTENNA	  	[*****]
	[*****]	  	COUPLER HF ANTENNA	  	[*****]
	[*****]	  	CVR-SOLID STATE	  	[*****]
	[*****]	  	DECODER-SELCAL	  	[*****]
	[*****]	  	HANDSET-CABIN ATTENDANT	  	[*****]
	[*****]	  	HANDSET-CABIN ATTENDANT	  	[*****]
	[*****]	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	[*****]	  	SELECTION PANEL-SELCAL CODE	  	[*****]
	[*****]	  	TRANSCEIVER-HF	  	[*****]
	[*****]	  	TRANSCEIVER-HF	  	[*****]
	[*****]	  	TRANSCEIVER-VHF	  	[*****]
	[*****]	  	TRANSCEIVER-VHF	  	[*****]
	[*****]	  	AMMETER-BATTERY CH/DISCH	  	[*****]
	[*****]	  	CONTACTOR-ACW	  	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER,AC	  	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER,DC	  	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR,AC	  	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR,DC	  	[*****]
	[*****]	  	GENERATOR-AC	  	[*****]
	[*****]	  	INVERTER-STATIC	  	[*****]
	[*****]	  	PANEL-AC/DC PARAMETER MEASURING	  	[*****]
	[*****]	  	RELAY	  	[*****]
	[*****]	  	RELAY	  	[*****]
	[*****]	  	SENSOR-HALL EFFECT	  	[*****]
	[*****]	  	STARTER GENERATOR-DC	  	[*****]
	[*****]	  	TRANSFORMER RECTIFIER UNIT	  	[*****]
	[*****]	  	TRANSFORMER-GROUND POWER CURRENT,AC	  	[*****]
	[*****]	  	TOILET-PSU	  	[*****]
	[*****]	  	TRANSMITTER-EMERGENCY LOCATOR	  	[*****]
	[*****]	  	TRANSMITTER-EMERGENCY LOCATOR	  	[*****]
	[*****]	  	CONTROL BOX-SMOKE DETECTION FAN	  	[*****]
	[*****]	  	CONTROL BOX-SMOKE DETECTION FAN	  	[*****]
	[*****]	  	DETECTOR UNIT	  	[*****]
	[*****]	  	DETECTOR UNIT-ENGINE OVERHEAT	  	[*****]
	[*****]	  	DETECTOR-SMOKE	  	[*****]
	[*****]	  	DETECTOR-SMOKE	  	[*****]
	[*****]	  	DETECTOR-SMOKE	  	[*****]
	[*****]	  	HANDLE-ENG1 FIRE	  	[*****]
	[*****]	  	HANDLE-ENG2 FIRE	  	[*****]
	[*****]	  	ACTUATOR-ELEVATOR	  	[*****]
	[*****]	  	ACTUATOR-FLAP	  	[*****]
	[*****]	  	ACTUATOR-FLAP	  	[*****]
	[*****]	  	ACTUATOR-FLAP	  	[*****]
	[*****]	  	ACTUATOR-SPOILER	  	[*****]
	[*****]	  	ACTUATOR-STICK PUSHER	  	[*****]
	[*****]	  	ACTUATOR-TRIM	  	[*****]
	[*****]	  	AILERON GUST-LOCK ACTUATOR	  	[*****]
	[*****]	  	CABLE-TENSION REGULATOR	  	[*****]
	[*****]	  	CENTERING UNIT-RELEASABLE	  	[*****]

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 43 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

					
	[*****]	  	DAMPER-RUDDER	  	[*****]
	[*****]	  	INDICATOR-FLAP POSITION	  	[*****]
	[*****]	  	INDICATOR-TRIM POSITION	  	[*****]
	[*****]	  	RESTRICTOR-FLAP VALVE BLOCK	  	[*****]
	[*****]	  	FLOW,EXTN LI	  	[*****]
	[*****]	  	SHAKER-STICK	  	[*****]
	[*****]	  	SWITCH UNIT-FLAP CONTROL	  	[*****]
	[*****]	  	SWITCH UNIT-FLAP CONTROL	  	[*****]
	[*****]	  	VALVE BLOCK-FLAP	  	[*****]
	[*****]	  	VALVE BLOCK-SPOILER	  	[*****]
	[*****]	  	ACTUATOR-FUEL CROSSFEED VALVE	  	[*****]
	[*****]	  	ACTUATOR-FUEL LP VALVE	  	[*****]
	[*****]	  	CANISTER-ELECTRIC PUMP	  	[*****]
	[*****]	  	CLINOMETER-ROLL ATTITUDE	  	[*****]
	[*****]	  	COUPLING-REFUEL/DEFUEL	  	[*****]
	[*****]	  	INDICATOR-FUEL QUANTITY REPEATER,KG	  	[*****]
	[*****]	  	INDICATOR-FUEL QUANTITY,KG	  	[*****]
	[*****]	  	INDICATOR-FUEL TEMP,TANK	  	[*****]
	[*****]	  	JET PUMP-ENGINE FEED	  	[*****]
	[*****]	  	JET PUMP-ENGINE FEED	  	[*****]
	[*****]	  	JET PUMP-FEEDER TANK	  	[*****]
	[*****]	  	JET PUMP-FEEDER TANK	  	[*****]
	[*****]	  	PRESELECTOR-FUEL QUANTITY,KG	  	[*****]
	[*****]	  	PUMP-FUEL ELECTRIC	  	[*****]
	[*****]	  	VALVE-CROSSFEED	  	[*****]
	[*****]	  	VALVE-FUEL LP	  	[*****]
	[*****]	  	VALVE-FUEL MOTIVE FLOW	  	[*****]
	[*****]	  	VALVE-REFUEL/DEFUEL	  	[*****]
	[*****]	  	ACCUMULATOR-LINE	  	[*****]
	[*****]	  	INDICATOR LEVEL SWITCH	  	[*****]
	[*****]	  	INDICATOR-PRESSURE,TRIPLE	  	[*****]
	[*****]	  	MODULE-PRESSURE	  	[*****]
	[*****]	  	PUMP-ELECTRIC,AC	  	[*****]
	[*****]	  	PUMP-ELECTRIC,AUXILIARY,DC	  	[*****]
	[*****]	  	RESERVOIR-HYDRAULIC	  	[*****]
	[*****]	  	CONTROLLER-DE ICING,STANDBY	  	[*****]
	[*****]	  	CONTROLLER-HORN ANTI ICING	  	[*****]
	[*****]	  	CONTROLLER-WINDSHIELD TEMPERATURE	  	[*****]
	[*****]	  	DETECTOR-ICE	  	[*****]
	[*****]	  	HEATER-DUAL DISTRIBUTOR VALVE	  	[*****]
	[*****]	  	MOTOR-WIPER,CAPTAIN	  	[*****]
	[*****]	  	MOTOR-WIPER,F/O	  	[*****]
	[*****]	  	RESISTOR-HORN ANTI ICING,LH AILERON	  	[*****]
	[*****]	  	RESISTOR-HORN ANTI ICING,LH ELEVATOR	  	[*****]
	[*****]	  	RESISTOR-HORN ANTI ICING,RH AILERON	  	[*****]
	[*****]	  	RESISTOR-HORN ANTI-ICING,RH ELEVATOR	  	[*****]
	[*****]	  	RESISTOR-HORN ANTI-ICING,RUDDER	  	[*****]
	[*****]	  	SEPARATOR-WATER	  	[*****]
	[*****]	  	VALVE-ANTI ICING PRESS REGULATOR AND SHU	  	[*****]
	[*****]	  	VALVE-ANTI ICING SHUTOFF	  	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 44 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

					
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	[*****]	  	ACCELEROMETER-THREE AXIS	  	[*****]
	[*****]	  	CLOCK	  	[*****]
	[*****]	  	CLOCK	  	[*****]
	[*****]	  	ENTRY PANEL-FLIGHT DATA	  	[*****]
	[*****]	  	FLIGHT DATA ACQUISITION UNIT	  	[*****]
	[*****]	  	INTERFACE UNIT AIRCRAFT PERFORMANCE	  	[*****]
	[*****]	  	(APIU)	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	PANEL-ATTENDANT	  	[*****]
	[*****]	  	PANEL-CREW ALERTING	  	[*****]
	[*****]	  	PROBE-CCAS ALPHA	  	[*****]
	[*****]	  	QUICK ACCESS RECORDER	  	[*****]
	[*****]	  	SOLID STATE FLIGHT DATA RECORDER	  	[*****]
	[*****]	  	TRANSMITTER-POSITION SYNCHRO	  	[*****]
	[*****]	  	ABSORBER-SHOCK	  	[*****]
	[*****]	  	ACCUMULATOR-PARKING	  	[*****]
	[*****]	  	BOX-UPLOCK	  	[*****]
	[*****]	  	CONTROL UNIT-ANTISKID SYSTEM	  	[*****]
	[*****]	  	CYLINDER-MASTER	  	[*****]
	[*****]	  	LEVER-CONTROL,L/G	  	[*****]
	[*****]	  	MODULE-ANTISKID	  	[*****]
	[*****]	  	RESERVOIR-BRAKE	  	[*****]
	[*****]	  	SENSOR-WHEEL SPEED	  	[*****]
	[*****]	  	VALVE-BRAKE	  	[*****]
	[*****]	  	VALVE-BRAKE	  	[*****]
	[*****]	  	VALVE-DIFFERENTIAL CONTROL SELECTOR	  	[*****]
	[*****]	  	VALVE-PARKING	  	[*****]
	[*****]	  	VALVE-RELIEF,LOW PRESSURE	  	[*****]
	[*****]	  	VALVE-SELECTOR,LG	  	[*****]
	[*****]	  	VALVE-SELECTOR,SWIVEL	  	[*****]
	[*****]	  	VALVE-SOLENOID,N/W STEERING	  	[*****]
	[*****]	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	[*****]	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	[*****]	  	LIGHT-ANTI COLLISION,WHITE	  	[*****]
	[*****]	  	LIGHT-ANTICOLLISION,WHITE	  	[*****]
	[*****]	  	LIGHT-LANDING	  	[*****]
	[*****]	  	LIGHT-LOGO	  	[*****]
	[*****]	  	LIGHT-STROBE	  	[*****]
	[*****]	  	LIGHT-WING AND ENGINE SCAN,LH	  	[*****]
	[*****]	  	LIGHT-WING AND ENGINE SCAN,RH	  	[*****]
	[*****]	  	POWER SUPPLY UNIT-STROBE LIGHT	  	[*****]
	[*****]	  	POWER SUPPLY-UNIT ANTI COLLISION LIGHT	  	[*****]
	[*****]	  	ADAPTER BOX,ADF/ATC	  	[*****]
	[*****]	  	AIR DATA COMPUTER	  	[*****]
	[*****]	  	AIR DATA COMPUTER	  	[*****]
	[*****]	  	ALTIMETER	  	[*****]
	[*****]	  	ALTIMETER-STANDBY,MILLIBARS	  	[*****]

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 45 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

					
	[*****]	  	AMPLIFIER-AUDIO MIXER	  	[*****]
	[*****]	  	ANTENNA-RADIO-ALTIMETER RECEPTION	  	[*****]
	[*****]	  	AUXILIARY FLIGHT DATA ACQUISITION UNIT	  	[*****]
	[*****]	  	COMPENSATOR-REMOTE MAGNETIC	  	[*****]
	[*****]	  	CONTROL BOX-WEATHER RADAR	  	[*****]
	[*****]	  	CONTROL PANEL-EFIS	  	[*****]
	[*****]	  	CONTROL PANEL-EFIS	  	[*****]
	[*****]	  	CONTROL UNIT-ADF	  	[*****]
	[*****]	  	CONTROL UNIT-DUAL ATC	  	[*****]
	[*****]	  	CONTROL UNIT-DUAL ATC	  	[*****]
	[*****]	  	CONTROL UNIT-TCAS	  	[*****]
	[*****]	  	CONTROL UNIT-VOR/ILS/DME	  	[*****]
	[*****]	  	CONTROLLER-INSTRUMENT REMOTE	  	[*****]
	[*****]	  	CONTROLLER-INSTRUMENT REMOTE	  	[*****]
	[*****]	  	CONVERTER-ANALOG/DIGITAL	  	[*****]
	[*****]	  	DISPLAY UNIT-EFIS	  	[*****]
	[*****]	  	GROUND PROXIMITY WARNING COMPUTER	  	[*****]
	[*****]	  	GROUND PROXIMITY WARNING COMPUTER	  	[*****]
	[*****]	  	INDICATOR-AIRSPEED	  	[*****]
	[*****]	  	INDICATOR-AIRSPEED,STANDBY	  	[*****]
	[*****]	  	INDICATOR-DME	  	[*****]
	[*****]	  	INDICATOR-RADIO MAGNETIC	  	[*****]
	[*****]	  	INDICATOR-STANDBY HORIZON	  	[*****]
	[*****]	  	INDICATOR-TAS/TEMP	  	[*****]
	[*****]	  	INDICATOR-VERTICAL SPEED	  	[*****]
	[*****]	  	INTERROGATOR-DME	  	[*****]
	[*****]	  	MULTISYSTEM CONTROL DISPLAY UNIT-GNSS	  	[*****]
	[*****]	  	PROBE-AIR TEMPERATURE	  	[*****]
	[*****]	  	PROBE-PITOT	  	[*****]
	[*****]	  	PROCESSOR UNIT-NAVIGATION (GNSS syst.)	  	[*****]
	[*****]	  	PROCESSOR UNIT-NAVIGATION	  	[*****]
	[*****]	  	RECEIVER DISPLAY UNIT-GPS	  	[*****]
	[*****]	  	RECEIVER-ADF	  	[*****]
	[*****]	  	RECEIVER-VOR/ILS/MKR	  	[*****]
	[*****]	  	REFERENCE UNIT-ATTITUDE AND HEADING	  	[*****]
	[*****]	  	SYMBOL GENERATOR UNIT	  	[*****]
	[*****]	  	TRANSCEIVER-RADIO ALTIMETER	  	[*****]
	[*****]	  	TRANSCEIVER-TCAS	  	[*****]
	[*****]	  	TRANSCEIVER-TCAS	  	[*****]
	[*****]	  	TRANSPONDER-ATC	  	[*****]
	[*****]	  	TRANSPONDER-ATC	  	[*****]
	[*****]	  	VALVE-FLUX	  	[*****]
	[*****]	  	CYLINDER-OXYGEN (PORTABLE)	  	[*****]
	[*****]	  	INDICATOR-OXYGEN HP	  	[*****]
	[*****]	  	TRANSMITTER/REGULATOR - OXYGEN PRESS	  	[*****]
	[*****]	  	VALVE-FEED STOP	  	[*****]
	[*****]	  	CONTROLLER-AIR LEAK DETECTION	  	[*****]
	[*****]	  	DUCT-DISCHARGE DOWNSTREAM VALVE	  	[*****]
	[*****]	  	SWITCH-PRESSURE	  	[*****]
	[*****]	  	VALVE ASSY-SHUTOFF	  	[*****]

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 46 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

					
	[*****]	  	VALVE-HP AIR BLEED	  	[*****]
	[*****]	  	VALVE-XFEED,AIR BLEED	  	[*****]
	[*****]	  	VENTURI-HP	  	[*****]
	[*****]	  	ACTUATOR-CARGO DOOR	  	[*****]
	[*****]	  	CONTROL UNIT-ARMOURED COCKPIT DOOR	  	[*****]
	[*****]	  	ACTUATOR-PNEUMATIC	  	[*****]
	[*****]	  	BRUSH BLOCK ASSY	  	[*****]
	[*****]	  	CONTROL ELECTRONIC-PROPELLER	  	[*****]
	[*****]	  	CONTROL UNIT-PROPELLER	  	[*****]
	[*****]	  	CONTROL UNIT-PROPELLER	  	[*****]
	[*****]	  	CONTROL UNIT-PROPELLER	  	[*****]
	[*****]	  	ELECTROVALVE	  	[*****]
	[*****]	  	GOVERNOR-PROPELLER OVERSPEED	  	[*****]
	[*****]	  	INDICATOR-NP,PROPELLER	  	[*****]
	[*****]	  	INTERFACE UNIT-PROPELLER	  	[*****]
	[*****]	  	PROPELLER-SERVO VALVE	  	[*****]
	[*****]	  	PUMP GOVERNOR-PROPELLER OVERSPEED	  	[*****]
	[*****]	  	PUMP-PROPELLER FEATHERING	  	[*****]
	[*****]	  	PUSH-PULL CABLE-PROP CONDITION	  	[*****]
	[*****]	  	SWITCH-PRESSURE,HYDRAULIC	  	[*****]
	[*****]	  	SYNCHROPHASER-PROP	  	[*****]
	[*****]	  	PIPE-EXHAUST	  	[*****]
	[*****]	  	INDICATOR-FUEL FLOW/FUEL USED,KG	  	[*****]
	[*****]	  	INDICATOR-FUEL TEMPERATURE	  	[*****]
	[*****]	  	TRANSMITTER-FUEL FLOW	  	[*****]
	[*****]	  	PUSH-PULL CABLE-PROPELLER POWER	  	[*****]
	[*****]	  	INDICATOR-ITT	  	[*****]
	[*****]	  	INDICATOR-NH	  	[*****]
	[*****]	  	INDICATOR-TORQUE	  	[*****]
	[*****]	  	ACTUATOR-OIL COOLER FLAP	  	[*****]
	[*****]	  	COOLER-OIL	  	[*****]
	[*****]	  	INDICATOR-OIL TEMP/PRESS	  	[*****]
	[*****]	  	ELECTRONIC ENGINE CONTROL UNIT	  	[*****]
	[*****]	  	BRAKE, PROPELLER	  	[*****]
	[*****]	  	CONTROL,AUTOFEATHER	  	[*****]
	[*****]	  	EXCITER - IGNITION I.C.	  	[*****]
	[*****]	  	EJECTOR, FUEL WASTE	  	[*****]
	[*****]	  	SENSOR TORQUE METER	  	[*****]
	[*****]	  	VALVE ASSY,INTERCOMPRESS BLEED	  	[*****]
	[*****]	  	COOLER - OIL	  	[*****]
	[*****]	  	FLOW DIVIDER & DUMP VALVE	  	[*****]
	[*****]	  	SERVO VALVE	  	[*****]
	[*****]	  	VALVE INTERCOMPRESSOR BLEED	  	[*****]
	[*****]	  	FUEL HEATER	  	[*****]
	[*****]	  	FCU-HYDRO MECHANICAL	  	[*****]
	[*****]	  	FUEL PUMP	  	[*****]

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 47 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 5 – EXCLUSIONS TO THIS AGREEMENT 

 

	1.	General Provisions 

 The repair and overhaul of the following units and systems and following cost
or rectification due to the events set forth below are expressly excluded from this Agreement: 
  

	•	 	1 - ATA 32 (Landing gears) 

  

	•	 	Wheels, brakes and tires. 

  

	•	 	2 - ATA 61 (Propellers) – 71 to 80 (Engines) 

  

	•	 	Engines Q.E.C. kits, wiring harness, ejector fuel waste, 

  

	•	 	Engine shockmounts (rubber cushions are consumables) 

  

	•	 	Engine fire extinguisher bottles, and bottle-heads, igniter plugs 

  

	•	 	Propellers bottom seals and brush-blocks 

  

	•	 	Propeller brake disks change 

  

	•	 	Engine Control Trend Monitoring & boroscope inspections performance and data sort out 

  

	•	 	3 - ATA 24 (Electrical Power) 

  

	•	 	All batteries (normal and emergency), included those for emergency power supplies, 

  

	•	 	All batteries of ULB (DFDR and CVR beacons), 

  

	•	 	ELT batteries 

  

	•	 	Starter-generator brushes change (unless when due during overhaul) 

  

	•	 	4 - ATA Chapter 25 (Cabin interiors/Equip-Furnishing) – 30 – 35 – 38 – 49 – 52 to 57 (Structural-Airframe) 

 

	•	 	All components of ATA chapters 25 – 38 – 49 – 52 (except the ones listed into Exhibit 4 – Pool coverage) – 53 to 57 

 

	•	 	Performance of Line/service checks, A checks [*****] but component repair and/or standard exchange are available according to Exhibit 11 and Exhibit 12 

 

	•	 	Performance of C checks [*****] calendar and cyclic visits but component repair and/or standard exchange are available according to Exhibit 11 and Exhibit 12 

 

	•	 	All lining panel, carpets, cabin windows, cockpit windscreens 

  

	•	 	All doors and associated systems, however the cargo door actuator unit is covered by the Agreement 

  

	•	 	All seats (crew and passengers) 

  

	•	 	Strip lights 

  

	•	 	Oxygen masks and crew breathing hoods 

  

	•	 	Cockpit and cabin oxygen bottles, Cockpit and cabin extinguishers, and extinguishers bottle heads 

  

	•	 	Crew and passengers life vests 

  

	•	 	Cockpit windshields and cabin windows 

  

	•	 	All galleys, galley fittings and galley sub-components, hot jugs, oven 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 48 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

	•	 	Toilets and their related components and consumables 

  

	•	 	5 - VARIOUS 

  

	•	 	All items of low value (U.P. brand new less than [*****] pursuant to ATR prices) 

  

	•	 	All expendable items (consumables, parts that are not repairable i.e. that cannot be repeatedly rehabilitated to a fully serviceable condition by disassembling the unit, inspect, repair or replace internal parts damaged
or faulty, according to OEM maintenance manuals) 

  

	•	 	Units received in incomplete condition or without data (TSN, TSO, CSN, CSO, log books, Warr. Claim, as applicable): related additional invoices may be issued 

 

	•	 	Units received in damaged conditions due to Abnormal Use, mishandling, incorrect storage or FOD 

  

	•	 	Embodiment of modifications to comply with AD or SB recommended/optional modification required by Company except for Stocks items 

  

	•	 	Replacement or repair of unapproved or non traceable hardware or consumable or component items 

  

	•	 	CVR and DFDR memory and/or tape read outs 

  

	•	 	Fire sensing loops and relevant elements 

  

	•	 	Component installed by retrofit pursuant to STC apart from Aircraft manufacturer involvement 

  

	•	 	Transportation costs & risks for all shipping to & from ATR Logistic center or the designed overhaul shop for Main Elements 

 

	2.	Exclusions from the standard exchange service set out in Exhibit 11 

 The following activities,
services, repairs, replacements, and their related costs (labor and parts) are not covered by the prices set out in Clause 10 and the Company shall bear their cost and expenses, in addition to the prices set out in Clause 10: 

 

	 	(i)	solve any or all Airworthiness Directive(s) requirements, such as incorporation of mandatory modifications or any optional modification on LRU(s) and/or on Aircraft, or 

 

	 	(ii)	arrange LRU(s) fitted on Aircraft to comply with Aircraft redelivery conditions or delivery conditions to a third Party, or 

  

	 	(iii)	arrange any part of Company own inventory if any, to be replaced, or maintained, re-certified, tested, checked, for stock management and/or maintenance reasons (shelf life, cure dates, ...). 

 

	3.	Exclusions from the LRU maintenance service set out in Exhibit 12 part I: 

 The following
activities, services, repairs, replacements, and their related costs (labor and parts) are not covered by the prices set out in Clause 10 and the Company shall bear their cost and expenses, in addition to the prices set out in Clause 10: 

the repair of an Unserviceable LRU or additional costs resulting from Abnormal Use, hard handling, corrosion, abrasion and/or missing item(s), except to
normal wear and tear. 
  

	 	(i)	Provided Company was notified of missing data and if such data was not provided within (7) days of notification, then any delay incurred in repairing or overhauling any Unserviceable LRU due to the lack of data
from the Company, such as but not limited to: the warranty claim, TSN, CSN, TSO, CSO information when applicable; 

  

	 	(ii)	the repair or overhaul of any Unserviceable LRU should it be required to be performed pursuant to any Aircraft redelivery conditions or delivery conditions to any third Party; 

 

	 	(iii)	LRU modification costs, as specified in Clause I.5 of Exhibit 12, including those which would be required to be incorporated on any Unserviceable LRU delivered to the Provider by the Company as a standard exchange
counterpart, to upgrade it at the same technical standard as an LRU delivered by the Provider to the Company pursuant to Clause 3.2 of Exhibit 11; 

  

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

  

	 	(v)	The replacement of any Unserviceable Line Replaceable Units found Beyond Economical Repair and/or Technically Non Repairable. 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 49 of 70

	4.	Exclusions from the main elements maintenance service set out in Exhibit 12 part II: 

 The
following activities, services, repairs, replacements, and their related costs (labour and parts) are not covered by the prices set out in Clause 10 and the Company shall bear their cost and expenses, in addition to the prices set out in Clause 10:

  

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

 

	 	(ii)	the costs of maintenance, repair or replacement of items and systems listed in Exhibit 5 or the use of unapproved or non traceable engine, propellers or landing gears hardware or component and related to the Main
Elements; 

  

	 	(iii)	the maintenance and repair costs relating to any failure of the Company to observe or comply with its obligations under this Agreement; 

 

	 	(iv)	the replacement cost of a Main Element or part of Main Element that is declared not repairable and/or BER and/or TNR; or 

  

	 	(v)	the repair or replacement costs of parts due to internal or external corrosion findings, except to normal wear and tear 

In addition, the Provider may refuse to lease any replacement spare Main Element should it be required to solve any or all Airworthiness Directives
requirements or to perform any staggering program or to arrange the Main Element complying with Aircraft redelivery conditions, in the event that the Company fails to perform the line check/maintenance tasks as set out in the OEM manual and/or the
Aircraft Maintenance Manual, as applicable, and/or the conditions specified in Clauses II.1.2, II.2 and II.3 of Exhibit 12. 
  

	5	Intentionally left blank 

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 50 of 70

 EXHIBIT 6 - ATR STANDARD WORK ORDER FORMS 

 

					
	

	 		  	 ORDER DATE:
 Page
1/1

  

	
	 
	
STANDARD EXCHANGE ORDER NUMBER:

(This form must be faxed to the number hereunder mentioned.)

 

  

					
	    FROM:
  
	 		  	 TO (Shipping address):
  

	 		 
	COMPANY NAME:	 		  	ATR Customer Services
	 		 
	AZUL	 		  	 C/O DHL Solutions

 
 ZA du Pont Yblon
  

95 500 Bonneuil-en-France
  

FRANCE
  

Fax: +33 562 21 60 90

	 		 
	Sender:	 		  	Phone: +33 542 21 60 80
	 		 
	Fax:	 		  	AOG fax: +33 562 21 62 62
	 		 
	Phone:	 		  	AOG phone: +33 542 21 62 00

  

							
	 
	DATA RELATED TO STANDARD EXCHANGE REQUEST
	 		 
	 	 	TYPE:	  	WARRANTY TYPE
	 	 	 
	A/C DATA	 	REGISTRATION:	  	VENDOR (OEM) :                    
YES   ̈    NO   ̈
	 		 
	 	 	MSN:	  	REPAIR                :      
               YES   ̈    NO  
 ̈
	 	 
	DELIVERY LEAD-TIME REQUIRED:	  	AOG   ̈             
       CRITICAL   ̈
	 	 	 	 
	REQUESTED UNIT DATA	 	 	  	REQUESTED PART HUMBER:	  	 
	 	 	  	  

DESIGNATION:
	  	 
	 	 	  	  

REASON:
	  	 

  

			
	 
	DATA RELATED TO CORE UNIT REMOVED FROM AIRCRAFT
	 	 
	PART NUMBER:	  	 
	 	 
	SERIAL NUMBER:	  	 
	 	 
	DESIGNATION:	  	 
	 	 
	REMOVAL DATE:	  	 
	 	 
	REASON FOR REMOVAL:	  	 

  

	
	 
	SHIPPING ADDRESS IF DIFFERENT FROM STANDARD SHIPPING ADDRESS
	 
	 
	 
	 
	 
	 

 
  

	
	 
	REMARKS
	 
	 
	 
	 
	 
	 

			
	ATR Global Maintenance Agreement	  	ATR form ref 6-1

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 51 of 70

			
	

	  	ORDER DATE:

  

	
	 
	
REPAIR ORDER NUMBER:     
  

This form must be enclosed inside the box with the unit and an advance copy must be faxed to the Front desk number mentioned hereunder or
to the Warranty Desk in case of warranty claim.

  

					
	    FROM:
  
	 		  	 TO (Shipping address):
  

	 		 
	COMPANY NAME: AZUL	 		  	 ATR Customer Services

 
 C/O DHL Solutions
  

ZA du Pont Yblon
  

95 500 Bonneuil-en-France
  

FRANCE

	 		 
	Sender:	 		  	 
	 		 
	Fax:	 		  	 Front desk fax: +33 562 21 62 80

Warranty desk fax: +33 562 21 67 40

	 		 
	Phone:	 		  	 Front desk phone: +33 562 21 60 80

Warranty desk phone: +33 562 21 64 31

  

									
	 	 
	DATA RELATED TO REMOVED UNIT	  	 
	 	 		 	 
	A/C DATA	  	TYPE:	  	MSN:	  	 	  	FH:
	  	  

REGISTRATION:
	  	 	  	 	  	  

CY:

	 			 
	UNIT DATA	  	PART NUMBER:	  	 	  	TSN
	  	  

AMENDMENT:
	  	 	  	  

CSN:

	  	  
 SERIAL NUMBER:
	  	 	  	  

TSO:

	  	  
 DESIGNATION:
	  	 	  	  

CSO:

  

	
	 
	REASON FOR REMOVAL
	 
	 
	 
	 

  

													
	 	 
	WARRANTY COVERAGE	  	 
	 	 		 		 
	UNIT ORIGIN:	  	ATR   ̈	  	OEM   ̈	  	FWD FIT   ̈	  	WARRANTY TYPE:	  	 
	 	 	 	 
	ORIGINAL PO:	  	VENDOR (OEM):	  	YES   ̈	  	NO   ̈
	 		 	 
	ATR INVOICE:	  	REPAIR:	  	YES   ̈	  	NO   ̈
	 	 	 	 
	DELIVERY DATE:	  	ATR SPARES:	  	YES   ̈	  	NO   ̈
	 	 
	FH SINCE DELIVERY DATE :	  	 

 
  

					
	 	 	 
	REQUESTED WORK	 	 	  	 
	 REPAIR

 
 OVERHAUL
  

BENCH TEST
	 	  ̈  

 
  ̈

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

			
	ATR Global Maintenance Agreement	  	ATR form ref 6-2

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 52 of 70

					
	

	 		  	 ISSUE DATE:
 Page 1/1

  

	
	 
	
STANDARD EXCHANGE CORE UNIT

RETURNED TO ATR POOL STOCK
  

This form must be enclosed inside the box with the unit.

 

  

					
			
	     FROM:	 		  	TO (Shipping address):
	 		 
	COMPANY NAME: AZUL	 		  	ATR Customer Services
	 		 
	 	 		  	 C/O DHL Solutions

 
 ZA du Pont Yblon
  

95 500 Bonneuil-en-France
  

FRANCE

	 		 
	Sender:	 		  	 
	 		 
	Fax:	 		  	 
	 		 
	Phone:	 		  	 

  

	
	DATA RELATED TO UNIT DELIVERED BY ATR
	STANDARD EXCHANGE ORDER NUMBER:
	PART NUMBER:
	SERIAL NUMBER:

  

									
	DATA RELATED TO CORE UNIT REMOVED FROM AIRCRAFT
	A/C DATA	  	TYPE:	  	MSN:	  	 	  	FH:
	  	REGISTRATION:	  	  	  	CY:
	CORE UNIT DATA	  	PART NUMBER:	  	 	  	TSN:
	  	AMENDMENT:	  	 	  	CSN:
	  	SERIAL NUMBER:	  	 	  	TSO:
	  	DESIGNATION:	  	 	  	CSO:

  

			
	REASON FOR REMOVAL
	 
	 
	 

  

													
	WARRANTY COVERAGE
	UNIT ORIGIN:	  	ATR   ̈	  	OEM   ̈	  	FWD FIT   ̈	  	WARRANTY TYPE:	  	 
	ORIGINAL PO:	  	VENDOR (OEM):	  	YES   ̈	  	NO   ̈
	ATR INVOICE:	  	REPAIR:	  	YES   ̈	  	NO   ̈
	INSTALLATION DATE:	  	ATR SPARES:	  	YES   ̈	  	NO   ̈
	REMOVAL DATE:	  	 

			
	ATR Global Maintenance Agreement	  	ATR form ref 6-3

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 53 of 70

 EXHIBIT 7 – ADDITIONAL STOCK 

The following Exhibit 7 is composed of xxx (x) pages, into which are listed XXX XXXX XXXX XXXXX (XX) part numbers. 

This list is set in accordance with the Interim Fleet aircraft configuration only and it shall be amended as required in order to take into account the Final
Fleet aircraft configuration. 
 TBD 

  
  

					
	AZUL –ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 54 of 70

 EXHIBIT 8 – “Intentionally Left Blank” 

EXHIBIT 9 – “Intentionally Left Blank” 

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 55 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 10 – LEASE OF THE STOCK 

 

	1.	Stock Availability 

 The Provider agrees to lease the Stock to Company and Company agrees to take
the Stock on lease for positioning at the Storage Location, Rodovia Santos Dumont, Km 66, Jardim Itatinga, Campinas – São Paulo, Brazil CEP 13052-970. The provision, holding, use and disposal of the Stock and its review shall be subject
to the terms and conditions of this Agreement. 
 The Stock is initially adapted to the Interim Fleet and shall be amended as required for Final Fleet
Aircraft integration in this Agreement according to Clause 6 of this Exhibit 10. 
  

	2.	Provision and value of the Stock 

  

	2.1	The Stock is composed of items defined in Exhibit 3, which may be either brand new items or Used Serviceable Items depending on availability of each item of the Stock into Provider’s inventory at the time of their
respective delivery. 

  

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

  

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

  

	2.4	The Stock total value of Exhibit 3 list, under economic conditions 2010, shall be: [*****] at Start Date. 

  

	2.5	The Stock total value of Exhibit 7 list, under economic conditions 2010, shall be: US Dollars TBD ($ TBD) 

 For
the sake of clarity the Stock total value is the sum of the Stock total value of Exhibit 3 list and the Stock total value of Exhibit 7 list, i.e. [*****] 
  

	3.	Delivery 

  

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

  

	3.2	Delivery of the Stock shall take place gradually. Provider shall use its reasonable efforts to deliver [*****] of the items of the Stock (in quantity) within [*****] calendar days from the Start Date. 

 

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

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 56 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

 

	4.	Management and Handling Procedures 

  

	4.1	Location 

  

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

 

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

  

	 	(iii)	Company shall promptly notify the Provider any loss or damage to the Stock whilst under its management. 

  

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

  

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

  

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

  

	4.2	Use and Repair 

 The Company shall be entitled to, provided no Company Default has occurred and
is continuing, withdraw and use any of the items of the Stock in accordance with its operational needs, solely for the remedy of parts associated defects on the Aircraft covered under this Agreement. 

The Company shall return to Provider any unserviceable item removed from the Aircraft with a Work Order for repair within [*****] from the
withdrawal of the corresponding item from the Stock. Provider shall repair such item in accordance with the provisions of Exhibit 12 and deliver to the Company an item similar to the item withdrawn from the Stock with the relevant associated
airworthiness documentation (i.e. a certificate of Compliance and the ANAC SEGVOO 003 or EASA Form one or the form N°8130-3 FAA or TCA 24.0078, as applicable, and when applicable the log book duly filled with any technical information). The
Company shall place any such replacement item into the Stock. 
 In the event that the unserviceable item removed from the Aircraft cannot be
repaired (copy of the repair shop report will be given to the Company) or is declared BER, and is not covered by the LRU repair and overhaul service as defined in Exhibit 12 , the Company shall: 

 

	 	(i)	Purchase, at its own costs and expenses, a serviceable replacement item (equivalent to that removed from the Stock for fitment to the Aircraft) which shall be placed in the Stock, or 

 

	 	(ii)	place a chargeable purchase order with the Provider for the provision of a replacement item (brand new or serviceable) and pay the Provider for such replacement item at which time the Provider shall deliver such
replacement item to the Company which will place it into the Stock. 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 57 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

 In the event that the unserviceable item removed from the Aircraft cannot be repaired (copy
of the repair shop report will be given to the Company) or is declared BER and/or TNR, and is covered by the LRU repair and overhaul service set out in Exhibit 12, the provisions of Clause I.6 of Exhibit 12 shall apply to such unserviceable item
which shall be deemed an Unserviceable LRU. 
 Should the Company place a Standard Exchange work order in accordance with Exhibit 11 to
replace any item of the Stock which has been withdrawn from the Stock to replace a similar unserviceable item removed from any Aircraft, then after repair and/or overhaul of such unserviceable item removed from the Aircraft, the Provider will place
such item into the Pool and will not deliver it to the Company. 
  

	4.3	Inventory 

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

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

	5.	Purchase Option 

 [*****] 

In the event the Company purchase part of the Stock, the Parties agrees to modify accordingly the price indicated in Clause 10.1 of the Agreement, to take
into account only a fixed monthly lease rental for the remaining items of the Stock. 
  

	6.	Modifying the Composition of the Stock 

 Upon either Party’s request, the Parties agree to
review the content of the Stock especially for 72-600 entry into service and “return” of 72-200 parts. The Company may, following such agreed amendment of the Stock, return to Provider any item of the Stock, or request the Provider to
replace any item within the Stock with another item subject to the following conditions: 
  

	 	(i)	the item returned by the Company by the Company since the Start Date, is received by the Provider in serviceable condition, in its original packaging and with all appropriate airworthiness documents; 

 

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

  

	 	(iii)	if an item is returned to the Provider from the Stock, the value of the Stock shall be modified by subtraction of the initial value of the concerned item; and 

 

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

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

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 58 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

	7.	Purchase or Return of the Stock 

  

	7.1	Promptly on the Specified Date or on the Expiry Date, and subject to Clause 5 of this Exhibit 10, the Company shall have the option to: 

 

	 	(i)	[*****] 

  

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

  

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

 

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

  

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

  

	8.	Payment and Transfer of the Title to Property 

  

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

 

	8.2	Notwithstanding the provisions of Clause 4.2 above, title to the Stock or any item thereof shall remain with the Provider at all times until such Stock or part thereof has been purchased by the Company and provided that
the amount of the corresponding invoice has been fully received by the Provider in accordance with Clauses 10 and 12. The Company specifically agrees that it shall not acquire any interest, equity or share of the Stock, or pledge or create any lien
of any sort whatsoever prior to the transfer of title to the Stock to the Company in accordance with this Agreement. It is hereby acknowledged and agreed that the Company is appointed as the custodian of the Stock, which appointment the Company
hereby accepts until such time as the Provider has received the Company’s payment in full for the Stock or any item if the Stock in case such Stock or item is either missing, damaged, without airworthiness documentation, purchased by the
Company or not returned by the Company to the Provider in accordance with the provisions of this Agreement. 

  

	8.3	The Company may not, under any circumstances, perform or permit any action to be taken that may be detrimental to the Provider’s title to and property in the Stock, including without limitation: 

 

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

 

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

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 59 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 11 – SPARE PARTS STANDARD EXCHANGE SERVICE 

 

	1.	Pool Description 

 The Pool is a set of items listed in Exhibit 4 corresponding to repairable LRU
available at the time of entry into force of this Agreement. 
 Upon Company’s reasonable request, the Provider agrees to update the list of spare
parts included in the Pool to take into account any relevant Aircraft technical modification, if applicable. 
  

	2.	Access to the Pool and procedure 

  

	2.1	Provided that the Company is not in default of any of its obligations under this Agreement, the Company shall access the Pool through a standard exchange system according to which the company may replace any specific
defective LRU removed from the Aircraft with a similar LRU (new or serviceable) withdrawn from the Pool. The right of access to the Pool is not exclusive to the Company. 

 

	2.2	Not applicable. 

  

	2.3	To access the Pool and take delivery of the requested LRU, the Company must place a written standard exchange Work Order (see Form 6-1 in Exhibit 6) with the Provider. 

 

	3.	Provider’s Obligations 

  

	3.1	Pool Management 

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

	3.2	Dispatching the Parts 

  

	 	(i)	Any LRU included in the Pool shall be delivered to the Company pursuant to Clause 6.1 of the Agreement within [*****] for routine orders, within [*****] for critical orders or within [*****] for A.O.G. orders (limited
to classified “no-go and Go-If” LRU) as the case may be, starting from the day of receipt by the Provider of a standard exchange Work Order; 

  

	 	(ii)	The dispatch lead times set forth in Clause 3.2 (i) of Exhibit 11 above remain subject to (a) availability in Company’s facilities of a Stock of critical items at least at the level of Provider’s
recommendations for the fleet of Aircraft; (b) the number of A.O.G. standard exchange Work Order being less than [*****] of the total number of standard exchange Work Orders placed by the Company over the last 3 months and (c) the Company
not being in breach of any of its obligations pursuant to Clause 4.1 (i) of this Exhibit 11. 

  

	 	(iii)	Provided the conditions set out in Clause 3.2 (ii) of this Exhibit 11 are met and the Company placed an A.O.G. standard exchange Work Order with the Provider, should the Company be obligated, after Provider’s
approval, to lease similar LRU from a third Party servicer due to the unavailability of the requested LRU in the Pool, then the Provider will reimburse to the Company, for [*****] until the date of delivery of the requested unit by the Provider to
the Company. The Provider shall not under any circumstances have any liability whatsoever (including liability of any consequential loss or damage) in respect of any late delivery of any part other than the liability set forth in this Clause
3.2(iii). 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 60 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

	 	(iv)	all the LRU of the Pool will be supplied at their latest standard or fully interchangeable standard with the relevant Certificate of Compliance and ANAC SEGVOO 003, EASA Form 1 Certificate or form FAA 8130-3, as
applicable; 

  

	 	(v)	LRU delivered from the Pool are covered by the provisions of Clause 9 of this Agreement; and 

  

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

 

	4.	Dispatching back to the Provider the removed Unserviceable LRU 

  

	4.1	Dispatch Lead Time 

  

	 	(i)	The Company shall deliver to the Provider’s facilities indicated in Article 6 the Unserviceable LRU with the Form 6-3 duly filled-in, as standard exchange core parts, within a maximum [*****] associated with an
additional flexibility grace period of [*****]. That means a total of [*****] lead time to return the counter part, as from the Company’s standard exchange Work Order date; 

 

	 	(ii)	when dispatching the Unserviceable LRU, the Company will also send by fax or by telex or by email all the data related to the dispatch (including, but not restricted to, the date of dispatch and the carrier’s
name); 

  

	 	(iii)	notwithstanding the above provision in (i), in the event an Unserviceable LRU is not received by the Provider [*****] after the Company’s standard exchange Work Order date, the Provider has the right to declare
this corresponding part as lost and to invoice the Company the amount of the part sent in exchange by the Provider; such invoice will be considered as a sale of the involved part from the Provider to the Company which will gain the title to property
on this part after the full payment of the Provider’s invoice and the Provider shall be entitled [*****] as from the Provider’s invoice is sent to withdraw the amount of the Provider’s invoice from the Security Deposit as specified in
Article 13; 

  

	 	(iv)	in case of accumulated LRU not received in accordance with above sub-clause (iii), the Provider will be entitled at its sole discretion to withdraw the provision of access by the Company to the Pool parts having given
[*****] prior written notice; 

  

	4.2	Data concerning the removed Core Items returned to the Provider 

 The Core Items must be
delivered to the Provider in accordance with the procedure set out in Clause 6. 
  

	5.	Core Items repair 

 All Core Units shall be repaired in accordance with Exhibit 12. 

 

	6.	Transfer of Title/transfer of risks 

 Each of the Provider and the Company expressly agrees and
acknowledges that this Exhibit 11 provide for a standard exchange service according to which Provider remains owner of and conserves all ownership rights relating to the Pool and any item of Pool until the Transfer of Title (as defined below). The
transfer of Title of any item of the Pool from Provider to Company shall take place upon (a) receipt by Provider of the corresponding Core Item in compliance with Clause 4.1 and upon receipt of a confirmation from the Repair Shop that such Core
Item is repairable and (b) subject to full and complete discharge of any and all sums due from the Company arising under or in connection with this Agreement (the “Transfer of Title”). Simultaneously with the Transfer of Title
to the item of the Pool, title to the corresponding Core Item shall pass to the Provider free from any lien. 
 Should any Core Item not de repairable or be
declared BER and/or TNR, then the standard exchange shall be deemed a sale of the item primarily delivered by the Provider from the Pool to replace such Core Item. In 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 61 of 70

 
such case, the Provider shall invoice the purchase price for such item of the Pool at the ATR spare parts Catalogue price applicable at the date of such invoice. Upon payment in full of the
purchase price for such item of the Pool the Transfer of Title to such item shall take place. 
 Notwithstanding the provisions of this Clause 6 of Exhibit
11, all risks whatsoever and howsoever relating to or arising in connection with any item of the Pool shall be transferred to, vested in and borne by the Company as from its delivery to the Company pursuant to Clause 6 of this Agreement. 

 

	7.	Price 

 The price payable by the Company to the Provider to access the Pool is set out in Clause
10 of the Agreement. 
 Should the Provider update the LRU listed in Exhibit 4 pursuant to Clause 1 of this Exhibit 11, the price set out in Clause 10.2 of
this Agreement will be accordingly adjusted. 

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 62 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 12 – LRU AND MAIN ELEMENTS REPAIR SERVICES 

 

	I-	REPAIR OF THE LRU 

 The LRU listed in Exhibit 4 shall be repaired by the Provider and/or Repair
Shops, as the case may be, in compliance with the terms and conditions set out herein. The applicable LRU will be referred to as Unserviceable LRU when they are removed from Aircraft by the Company and delivered to the Provider for repair. The
Company undertakes to deliver to the Provider any and all Unserviceable LRU for repair pursuant to the provisions of this Agreement. 
 The Company may from
time to time conduct an audit of the Services either in Provider’s facilities or in Repair Shops, at the Company’s costs and expenses. 
  

	I.1	Definition of Repairs 

 Any Unserviceable LRU, when defective, will be repaired by
the Provider or Repair Shops in compliance with the relevant OEM’s CMMV and according to ANAC/EASA/FAA part 145 regulations. 
  

	I.2	Information concerning Unserviceable LRU returned to the Provider 

 The Company
shall deliver to the Provider any and all Unserviceable LRU with a Work Order in the form set out in Exhibit 6-2 (for any single repair) or in the form attached as Exhibit 6-3 (for the repair of any Core Item), as the case may be. 

Any Core Item shall be subject to the return conditions set out in Clause 4 of Exhibit 11. 

 

	I.3	Excessive Removals 

  

	I.3.1	Should the MRR be different from the RRR during [*****], the Provider shall adjust the price of the repair service set out in Clause 10 of the Agreement applying the following formula: 

 

	 	(a)	In case MRR is above RRR, Provider shall invoice an amount equal to the price set out in Clause 10.4.2 and 10.5 of the Agreement, multiplied by the Aircraft fleet FH accrued during the [*****] reference period,
multiplied by the difference between the MRR and the RRR, or 

  

	 	(b)	In case MRR is less RRR, Provider shall issue a credit in an amount equal to the price set out in Clause 10.4.2 and 10.5 of the Agreement, multiplied by the Aircraft fleet FH accrued during the [*****] reference period,
multiplied by the difference between the RRR and the MRR. 

  

	I.3.2	If the Provider receives from the Company an excessive number of LRU compared to the Mean Time Between Unscheduled Removal for such LRU, the Provider shall assist the Company, provided the Company disclose to the
Provider all necessary data and documents, in investigating the causes of such situation, and each Party will take all necessary corrective actions to the satisfaction of the other Party. 

 

	I.4	Documents delivered with the Repaired LRU when returned to the Company 

 The following documents
shall be delivered by the Provider to the Company with any Operational LRU under this Agreement: 
  

	 	(i)	EASA Form 1 certificate or FAA Form 8130-3, 

  

	 	(ii)	Installation data records for the last 12 month period, if available 

  

	 	(iii)	Strip reports issued by Repair Shop for the current repair, and the previous repairs in the last 12 months if available, and 

  

	 	(iv)	An invoice, if such repair service is excluded from the scope of this Agreement. 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 63 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

	I.5	Modifications 

  

	I.5.1	Mandatory Modifications 

 At the Company’s request, the Provider shall incorporate any
mandatory modification to the LRU requested or demanded by the Civil Aviation Authorities of the country in which the Aircraft is operated. The Company shall be responsible for all the costs and expenses arising out or in connection with the
incorporation of such mandatory modification following its acceptance of the cost estimate provided by the Provider, such costs shall not be applicable for the items of the Stock. 

 

	I.5.2	Optional and/or Recommended Modifications 

 Upon receipt by the Provider of a repair work order
from the Company specifically requesting the incorporation of any optional and/or Recommended modification, the Provider shall embody such optional and/or recommended modifications to any Unserviceable LRU during the repair, at Company’s cost.
The commercial and technical terms and conditions with regard to these modifications shall be, each time, the subject of a separate agreement between the Provider and the Company. 

 

	I.6	Discarding the LRU(s) 

 The Provider and the Company acknowledge that under normal operating
conditions any Unserviceable LRU may be Beyond Economical Repair (BER) and/or Technically Not Repairable (TNR). 
 In the event that any Unserviceable LRU
is declared BER and/or TNR, then the Provider shall inform the Company in writing and shall request the Company’s approval to discard such Unserviceable LRU. If the Company refuses to discard the Unserviceable LRU, the Unserviceable LRU shall
be delivered to the Company by the Provider at the [*****] cost and risks. If the Company has not notified the Provider within [*****] days of his refusal, the BER and/or TNR shall be deemed accepted by the Company. 

If the discarded Unserviceable LRU has been replaced with an item of the Pool or of the Stock pursuant to the provisions of Exhibits 10 or 11, the Company
shall pay for the price of such item of the Pool or of the Stock, based on the current ATR spare parts Catalogue sales price for brand new item or based on [*****] of the current ATR spare parts Catalogue brand new sales price for serviceable item
depending on the status of the item delivered from the Pool or withdrawn from the Stock, as the case may be. 
  

	II-	MAINTENANCE OF THE MAIN ELEMENTS 

  

	II.1	Field of application 

 The Provider agrees to provide Company with a Main Elements
repair service subject to the terms and conditions set out herein. This service is applicable to (a) the Main Elements listed in Exhibit 1 and (b) any Replacement Spare Main Element that has been delivered to the Company by the Provider as
part of the Stock or from time to time in accordance with the service described in Clause II.2 of Exhibit 12 and (c) any Replacement Spare Main Element installed on any Aircraft, owned by the owner of the Aircraft, provided that the Company
notified the Provider that such replacement engine replaces any Main Element on a definitive basis. 
  

	II.1.1	Off-Aircraft tasks 

 Scheduled and unscheduled maintenance services rendered to the Company by
the Provider in accordance with this Exhibit 12 cover off-Aircraft tasks and work performed in PART-145 approved Repair Shops. The maintenance tasks and work (repairs and overhauls) will be carried out on Main Elements by or on behalf of the
Provider under its responsibility, upon receiving these removed Main Elements with the duly filled Work Order from the Company. After having performed or cause to be performed such maintenance tasks and work, the Provider will deliver to the Company
the same received Main Elements. 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 64 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

 For the sake of clarity, standard exchange service and access to the Pool is not available
for Main Elements under this Agreement unless prior written agreement signed by both Parties case by case. 
  

	II.1.2	On-Aircraft tasks 

 All scheduled and unscheduled on-Aircraft maintenance activities, tasks and
work and line maintenance, such as but not limited to the following, are the Company’s responsibility, risk and cost: 
  

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

  

	 	(ii)	Main Elements removals and installations for unscheduled and scheduled events, 

  

	 	(iii)	Main Elements accessories removals and installations, 

  

	 	(iv)	Main Elements conditioning for storage, 

  

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

  

	 	(vi)	propellers balancing, blades removals and installations, 

  

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

  

	 	(viii)	engine fuel nozzles removals and installations, 

  

	 	(ix)	engine control trend monitoring performance and analysis, 

  

	 	(x)	regular cleaning of the engines, 

  

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

  

	II.2	Maintenance of the Main Elements 

  

	II.2.1	Any off-Aircraft maintenance tasks and works to be performed on Main Elements shall be carried out in accordance with the technical specifications stipulated by the OEM of each Main Element. Such maintenance tasks with
respect to each Aircraft comprise the following services on which are based the prices set out in Clause 10.3 of the Agreement: 

  

	 	(i)	for the propellers (manufacturer Hamilton Standard): 

  

	 	•	 	scheduled maintenance for the propeller hub, actuator, transfer tube, 

  

	 	•	 	scheduled maintenance specific to propeller blades, 

  

	 	•	 	spare replacement (temporary loan) for sub-items returned for shop maintenance 

  

	 	(ii)	for the landing gears (manufacturer Messier-Dowty): 

  

	 	•	 	scheduled maintenance, 

  

	 	•	 	basic unscheduled repair (BUR), 

  

	 	•	 	spare replacement (temporary loan) for sub-items returned for shop maintenance 

  

	 	(iii)	Intentionally left blank 

  

	II.2.2	At the date of entry into force of this Agreement, the Parties acknowledge and agree that applicable intervals for inspections / overhauls on Main Elements are: 

 

	 	(i)	Intentionally left blank, 

  

	 	(ii)	for propellers components of ATR72-600 aircraft (system 568F): overhaul at [*****] for the blades and [*****] for the hub, transfer tube and adjusting nut, or should the first occurs, the calendar limit of [*****]

  

	 	(iii)	for landing gears of ATR72-600 Aircraft: overhaul at [*****], or should the first occurs, the calendar limit of [*****]. 

The Provider reserves its rights to ask the Company to modify the above Main Elements maintenance program in accordance with the Aircraft
Manufacturer MRB and/or MPD, to optimize the Company’s Aircraft dispatch reliability, and provided the Company’s airworthiness authorities enable so. 

The prices set out in Clause 10.3 are calculated on the basis of maintenance programs and inspection intervals provided herein and may be
adjusted in the case such maintenance programs are changed from time to time during the Term or in case the above mentioned intervals for inspections and overhauls are not reached. 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 65 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

	II.3	Company’s obligations 

 In order to allow the Provider to perform the
maintenance tasks defined in Clause II.2.1 of this Exhibit 12 in compliance with the most recent practices and procedures meeting the manufacturer’s technical specifications, the Company agrees to provide Provider with a detailed status of the
Main Elements showing for a [*****] Months coming period the scheduled maintenance events, to be updated every Month. Moreover, Company shall: 
  

	II.3.1	In respect of the propellers: 

  

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

  

	 	(ii)	procure all the tools necessary for the line maintenance of the propellers such as the propeller balancing tool. If required, the Provider will assist the Company in procuring these tools (buying, hiring, etc.); and

  

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

  

	II.3.2	In respect of the landing gears: 

  

	 	(i)	perform the line checks and the required consumable spare parts replacements during the Aircraft’s entire service life, on landing gears, wheels and tires; and 

 

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

  

	II.3.3	Intentionally left blank 

  

	II.3.4	Return to the Provider of the Main Element or Replacement Spare Main Element 

 At the time the
Provider delivers to Company a replacement spare Main Element or returns any repaired or overhauled Main Element to the Company, for fitment on Company’s Aircraft, the Company will deliver back to the Provider the Main Element removed for
repair or overhaul or the replacement spare Main Element previously obtained from the Provider, on a date (the “Due Date”) that will not exceed [*****] (including time for transportation, customs clearance and transit) such period
starting from the date the Company receives the replacement spare Main Element or the repaired or overhauled Main Element. When the Main Element removed for repair or overhaul is replaced by a replacement spare Main Element of the Stock or a spare
of Company’s property, Company shall return to Provider or the designated Repair Shop such removed Main Element within the same maximum [*****] period, starting from its removal date. 

For returning the Main Elements and replacement spare Main Elements to the Provider, the Company shall use adapted container or when applicable
the containers received from the Provider. Any container received by the Provider or its approved Repair Shop in incomplete or damaged condition from the Company shall be subject to refurbishment or replacement at Company’s cost and expense in
addition to the prices specified in Clause 10 of the Agreement. 
 Notwithstanding any other Provider’s right, should the Company fails
to deliver the Main Element removed for repair or overhaul or the spare replacement Main Element(s) back to the Provider or the Repair Shop on the above Due Date, the Provider may charge late returns fees to the Company in an aggregate amount of
[*****] until the replacement spare Main Element or the Main Element is duly received by the Provider or the Repair Shop. The Provider shall be entitled to withdraw such late return fees from the Security Deposit pursuant to Clause 13. 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 66 of 70

	II.4	Scheduled maintenance tasks 

 The Provider shall perform or shall arrange for the
performance of the scheduled maintenance tasks, in accordance with the applicable maintenance program of each Main Element described at Clause II.2.2 of Exhibit 12. 

In the event that the Parties do not agree on the date on which maintenance events (engines hot section inspections, engines overhauls, engine
fuel nozzles changes, propellers components and landing gears overhauls) shall be performed, the price conditions set out in Clause 10.3 of this Agreement may be modified and any associated additional costs shall be the responsibility of the
Company. 
  

	II.5	Unscheduled maintenance tasks 

 The BUR are included in the Agreement provided all
the conditions specified in Clause II.3 of this Exhibit 12 and the condition set forth below are met to the Provider’s satisfaction: 
  

	II.5.1	Intentionally left blank 

  

	II.5.2	In respect of the propellers 

  

	 	(i)	the maintenance tasks are related to the normal operation of the propellers in accordance with the FCOM and AFM, 

  

	 	(ii)	no lightning strike or FOD has occurred on ground or in flight, 

  

	 	(iii)	no major impact damage has occurred, nor dropped propeller, 

  

	 	(iv)	no over-torque condition has occurred, 

  

	 	(v)	Company has fulfilled its obligations described at Clauses II.1.2 and II.3.2 above; and 

  

	 	(vi)	No internal or external corrosion has occurred, except normal wear and tear 

  

	II.5.3	In respect of the landing gears 

  

	 	(i)	the maintenance tasks are related to the normal operation of the landing gears in accordance with the FCOM and AFM, 

  

	 	(ii)	no major damage has occurred, as a consequence of impact, foreign object damage, hard landing or mishandling, 

  

	 	(iii)	Company has fulfilled its obligations described at Clauses II Clause 8.1.2 and II8.3.3 above; and 

  

	 	(iv)	No internal or external corrosion has occurred, except normal wear and tear 

  

	II.6	Replacement spare Main Element 

  

	II.6.1	Removals / Installations on Company’s Aircraft 

 The Company shall remove and install any
Main Elements for scheduled and unscheduled maintenance tasks at its sole risks, costs and expenses and under its own responsibility. 
  

	II.6.2	Availability of spares Main Elements 

  

	II.6.2.1	General terms and conditions 

 The spare Main Elements delivered and leased by Provider to the
Company in accordance with this Clause II.6 are limited to the replacement of the corresponding Main Element of Main Element sub-assembly to be removed for maintenance visit being either the full assembly or, in particular for propellers and landing
gears, only the component or sub-assembly due to maintenance visit in accordance with the applicable maintenance manuals: 
  

	 	•	 	For propellers: the blades and/or the hub and/or the actuator and/or the transfer tube, 

  

	 	•	 	For landing gears: the nose leg and/or the NLG drag brace and/or the main leg (LH and/or RH) and/or the side brace (LH and/or RH). 

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 67 of 70

 CONFIDENTIAL TREATMENT REQUESTED 

 

 At the time the Company will send a Work Order for the delivery and lease of any spare Main
Element to replace a Main Element to be removed for repair or major refurbishment, this (these) replacement spare Main Element(s) will be eligible for delivery and lease to the Company, provided that: 

 

	 	(i)	the Company is not in default of any of its obligations under to this Agreement, and 

  

	 	(ii)	spare Main Element(s) already provided by Provider under Exhibit 10 and/or this Clause II.6 is(are) no longer available into Company’s stores, and 

 

	 	(iii)	the total number of Main Elements requested for delivery under this Clause II.6 by the Company is limited for scheduled maintenance, at any time, to: 

 

	 	a)	intentionally left blank, 

  

	 	b)	for propellers: [*****] (or same sub-assembly component), 

  

	 	c)	for landing gears: [*****] (or same sub-assembly component). 

  

	II.6.2.2	Should the Company require a higher quantity of Main Elements than provided in Clause II.6.2.1 (iii) above and on condition that provisions of Clauses II.5.1, II.5.2 and II.5.3 of this Exhibit 12 are satisfied,
then Provider may deliver additional replacement spare Main Elements to Company subject to: 

  

	 	(i)	Availability of such replacement spare Main Element in Provider’s own inventory, 

  

	 	(ii)	the Company’s acceptance to pay additional corresponding following lease rentals: 

  

	 	•	 	intentionally left blank 

  

	 	•	 	for propellers components or landing gears components: [*****] of the price of such component in the ATR spare parts Catalogue in force at the time the Company’s request such component, per day. 

 

	II.6.2.3	Availability of replacement spare Main Element(s) during scheduled maintenance tasks 

 Subject
to the Company having notified in writing the Provider any replacement spare Main Element requirement [*****] before any Main Element is due to be removed from the Aircraft for the performance of scheduled maintenance tasks, the Provider shall lease
such replacement spare Main Element(s) during the scheduled maintenance of Aircraft Main Element(s), from a date and during a period compatible with the Company’s maintenance planning. 

The Parties agree that any replacement spare Main Elements are leased to the Company under the terms and conditions of this Agreement and that
the lease rentals and the maintenance costs of any such replacement spare Main Element are included in the prices specified in Clause 10.3 of this Agreement except as otherwise set out in Clause II.6.2.2 above. The price for the services provided
under this Exhibit 12 is due for any FH elapsed either by any Main Element or any replacement spare Main Element. 
  

	II.6.2.4	Availability of replacement spare Main Element(s) during unscheduled maintenance tasks 

 The
Provider will lease replacement spare Main Element(s) to the Company during unscheduled maintenance tasks of Maintenance Elements within [*****] from the date of receipt by the Provider of the Company’s written request. The Company shall pay to
Provider rentals for such replacement spare Main Element(s) in addition to the price set out in Clause 10.3 if such unscheduled maintenance tasks: 
  

	 	(i)	are the result of Abnormal Use of the removed Main Element(s) under Company’s responsibility, 

  

	 	(ii)	are not in accordance with the Company’s obligations set out in Clause II.3 and subject to the provisions of Clause II.5. 

  

	II.6.3	Return of the replacement spare Main Element to the Provider 

 Regarding the re-delivery of any
replacement spare Main Element to the Provider, the Company shall comply with provision of Clause II.3.4. 

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

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 68 of 70

 EXHIBIT 13 – “Intentionally Left Blank” 

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 69 of 70

 EXHIBIT 14 – FORM OF STANDBY LETTER OF CREDIT 

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

Issuing Bank:              (NAME AND ADDRESS) 

Issuing Bank SWIFT Code:              

APPLICANT:              

BENEFICAIRY: ATR 
 Letter of Credit REFERENCE:
             
 BY ORDER OF [COMPANY NAME], LOCATED AT [COMPANY ADDRESS
                                        ], WE
HEREBY ISSUE OUR IRREVOCABLE and confirmed STAND BY LETTER OF CREDIT IN FAVOUR OF Avions de Transport Régional, located 1 allee pierre nadot 31712 blagnac,;m;m france, FOR THE AGGREGATE AMOUNT OF USD     ,
             (SAY US DOLLARS AMOUNT IN LETTERS ) EXPIRING SEVENTY DAYS FOLLOWING THE EXPIRY OF THE TERM. 

AVAILABLE BY PAYMENT AT SIGHT WITH NATIXIS AGAINST YOUR WRITTEN DEMAND BEARING THE CLAUSE DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT (LETTER OF
CREDIT REFERENCE) ISSUED BY (ISSUING BANK NAME AND ADDRESS) ACCOMPANIED BY THE FOLLOWING DOCUMENT 
 BENEFICIARY’S SIGNED CERTIFICATE
SPECIFYING THE AMOUNT DRAWN AND STATING: 
 (1) THAT The amount claimed is due and payable by [COMPANY NAME] in connection with the GLOBAL MAINTENANCE
AGREEMENT between ATR AS PROVIDER AND [COMPANY NAME] AS COMPANY EXECUTED ON... for THE LEASE [?] of stock AND AIRCRAFT MAINTENANCE SERVICES; and 
 (2)
that BENEFICIARY has requested payment of the amount claimed from [COMPANY NAME] who is in default. 
 PARTIALLY DRAWINGS ARE PERMITTED 

THE BENEFICIARY SHALL NOT BE ENTITLED TO ASSIGN OR TRANSFER ANY RIGHT, TITLE OR INTEREST IN THIS STANDBY LETTER OF CREDIT TO ANY OTHER PARTY. 

ALL BANKING CHARGES AND COMMISSIONS ARE FOR THE ACCOUNT OF THE APPLICANT. 

THIS STANDBY LETTER OF CREDIT IS SUBJECT TO THE 1993 REVISION OF THE UNIFORM CUSTOMS AND PRATICE FOR DOCUMENTARY CREDITS OF THE INTERNATIONAL CHAMBER OF
COMMERCE PUBLICATION 500 

  
  

					
	AZUL – ATR	  	Global Maintenance Agreement –DS/CC-2612/10 Issue 7	  	Page 70 of 70

 AMENDMENT N°1 TO 

GLOBAL MAINTENANCE AGREEMENT 

Contract n° DS/CC-2612/10 

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

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

May 20th, 2011 

  
  

					
	Global Maintenance Agreement	  	 Amendment No1

1 of 12
 Execution Version
	  	May 20th, 2011

 CONTENTS 
  

					
	 CONTENTS
	  	 	2	  
	 1 MODIFICATIONS
	  	 	4	  
	 2 EFFECTIVE DATE
	  	 	5	  
	 3 MISCELLANEOUS
	  	 	5	  
	 EXHIBIT 3-Al – STOCK
	  	 	7	  
	 EXHIBIT 7-Al - ADDITIONAL STOCK
	  	 	11	  

  
  

					
	Global Maintenance Agreement	  	 Amendment No1

2 of 12
 Execution Version
	  	May 20th, 2011

 This Amendment N°1 (the “Amendment”) is made on May 20th, 2011 (the “Effective
Date”), 
 between 
 AZUL LINHAS AÉREAS
BRASILEIRAS S/A, 
 a company incorporated under the laws of Brazil, the registered office of which is located at Alameda Surubiju, 2010 —
Alphaville Industrial, Barueri, Sao Paulo, Brazil, 
 hereafter referred to as the “Company” or “AZUL”, 

on the one part,                     

and 
 AVIONS DE TRANSPORT REGIONAL, G.I.E., 

a French Groupement d’Intérêt Economique established under articles L.251-1 to L251-23 of the French Commercial Code, whose registered office
is at 1 Allée Pierre-Nadot, 31712 Blagnac, France, identified under Corporate and Trade Register of Toulouse number 323 932 236, 
 hereafter
referred to as the “Provider” or “ATR”, 
 on the other
part,                     
 Collectively referred to as
the “Parties” and individually to as the “Party”, 
 WHEREAS: 

 

	A)	The Company and the Provider entered into a global maintenance agreement dated December 24th, 2010 (as amended and supplemented from time to time the “Agreement”) for the purpose of facilitating
operational support tasks as well as scheduled and unscheduled maintenance; 

  

	B)	The Parties wish to amend certain provisions of the Agreement upon the terms and conditions set out below. 

NOW THEREFORE, IT IS HEREBY AGREED as follows: 

  
  

					
	Global Maintenance Agreement	  	 Amendment No1

3 of 12
 Execution Version
	  	May 20th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

	1	MODIFICATIONS 

 Each of the Parties hereto agrees to amend the Agreement as follows: 

1.1 Modification of Exhibit 3 — STOCK 

Exhibit 3 of the Agreement shall be deleted and replaced in its entirety by the Exhibit 3-Al attached hereto and any reference to Exhibit 3 in the Agreement
shall be construed as reference to the Exhibit 3-Al attached. 
 1.2 Modification of Exhibit 7 — ADDITIONAL STOCK 

Exhibit 7 of the Agreement shall be deleted and replaced in its entirety by the Exhibit 7-Al attached hereto and any reference to Exhibit 7 in the Agreement
shall be construed as reference to the Exhibit 7-Al attached. 
 1.3 Modification of Exhibit 10 — LEASE STOCK Clause 2 

Clause 2.4 of Exhibit 10 — Lease Stock of the Agreement shall be deleted and substituted by the following: 

“ 
  

	2.4	The Stock total value of Exhibit 3 list, under economic conditions 2011, shall be: - [*****], and 

 “ 

Clause 2.5 of Exhibit 10 — Lease Stock of the Agreement shall be deleted and substituted by the following: 

“ 
  

	2.5	The Stock total value of Exhibit 7 list, under economic conditions 2011, shall be: - [*****]. and 

For the sake of clarity the Stock total value is the sum of the Stock total value of Exhibit 3 list and the Stock total value of Exhibit 7
list, such aggregate amount being equal to [*****]. 
 “ 

1.4 Modification of Exhibit 10 — LEASE STOCK Clause 7 

The following Clause 7.5 of Exhibit 10 — Lease Stock of the Agreement is added: 
  

	7.5	Conditions for the return of the Main Elements: when return or repossess, if the TSO of the Main Element is different from the TSO at the time of delivery of corresponding Main Element, the Provider shall invoice to the
Company the Lost Potential as per the conditions of this Agreement. 

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No1

4 of 12
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	  	May 20th, 2011

	2	EFFECTIVE DATE 

 This Amendment N° 1 shall come into full force and effect as from the Effective
Date. 
  

	3	MISCELLANEOUS 

  

	3.1	In case of any inconsistency with the Agreement and this Amendment, the latter shall prevail. 

  

	3.2	This Amendment contains the entire agreement between the Parties and supersede any previous understandings, commitments and/or representations whatsoever oral or written. 

 

	3.3	This Amendment shall not be modified or varied except by an instrument in writing executed by both Parties. 

  

	3.4	Except as expressly set out in this Amendment, all of the provisions of the Agreement remain valid and binding. 

  

	3.5	This Amendment shall be governed by and construed in accordance with the laws of New York. 

  
  

					
	Global Maintenance Agreement	  	 Amendment No1

5 of 12
 Execution Version
	  	May 20th, 2011

 Execution Page 

This Amendment N° 1 has been executed in two (2) original copies in the English language. 

 

											
	For and on behalf of:	 		 	For and on behalf of:
			
	AZUL	 		 	ANIONS DE TRANSPORT REGIONAL
	(Company)	 		 	(Provider)
						
	Name:	 	Gerald B. Lee	 		 		 	Name:	 	Luigi Mollo
	Title:	 	Attorney – In – Fact	 		 		 	Title:	 	Vice President Commercial
		 		 		 		 		 	ATR Customer Services
					
	Date:	 	May, 20th 2011	 		 	Date:	 	
	Signature:	 	/s/ Gerald B. Lee	 		 	Signature:	 	/s/ Luigi Mollo

  
  

					
	Global Maintenance Agreement	  	 Amendment No1

6 of 12
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	  	May 20th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 3-Al - STOCK 

The following Exhibit 3-Al is composed of three (3) pages, into which are listed [*****] part numbers. 

This list is set in accordance with the Interim Fleet aircraft configuration only and it shall be amended as required in order to take into account the Final
Fleet aircraft configuration. 

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No1

7 of 12
 Execution Version
	  	May 20th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	CONTROLLER-MANUAL	  	[*****]
	[*****]	  	COOLING UNIT	  	[*****]
	[*****]	  	EXCHANGER-HEAT,DUAL	  	[*****]
	[*****]	  	INDICATOR-CAB PRESS	  	[*****]
	[*****]	  	VALVE-PACK FLOW CONTROL	  	[*****]
	[*****]	  	VALVE-PNEUMATIC OUTFLOW	  	[*****]
	[*****]	  	VALVE-TRIM AIR	  	[*****]
	[*****]	  	VALVE-TURBINE INLET CONTROL	  	[*****]
	[*****]	  	ACTUATOR-AP	  	[*****]
	[*****]	  	ADVISORY DISPLAY UNIT-AFCS	  	[*****]
	[*****]	  	COMPUTER-AFCS	  	[*****]
	[*****]	  	CONTROL PANEL-AFCS	  	[*****]
	[*****]	  	AMPLIFIER-HF POWER	  	[*****]
	[*****]	  	AMPLIFIER-PASSENGERADDRESS	  	[*****]
	[*****]	  	AUDIO CONTROL PANEL	  	[*****]
	[*****]	  	CONTROL UNIT-VHF	  	[*****]
	[*****]	  	CONTROL UNIT-VHF	  	[*****]
	[*****]	  	CONTROL UNIT-VHF	  	[*****]
	[*****]	  	COUPLER HF ANTENNA	  	[*****]
	[*****]	  	COUPLER HF ANTENNA	  	[*****]
	[*****]	  	CVR-SOLID STATE	  	[*****]
	[*****]	  	HANDSET-CABIN ATTENDANT	  	[*****]
	[*****]	  	HANDSET-CABIN ATTENDANT	  	[*****]
	[*****]	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	[*****]	  	TRANSCEIVER-HF	  	[*****]
	[*****]	  	TRANSCEIVER-HF	  	[*****]
	[*****]	  	TRANSCEIVER-VHF	  	[*****]
	[*****]	  	TRANSCEIVER-VHF	  	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER.AC	  	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER,DC	  	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR,AC	  	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR,DC	  	[*****]
	[*****]	  	GENERATOR-AC	  	[*****]
	[*****]	  	INVERTER-STATIC	  	[*****]
	[*****]	  	SENSOR-HALL EFFECT	  	[*****]
	[*****]	  	STARTER GENERATOR-DC	  	[*****]
	[*****]	  	TRANSMITTER-EMERGENCY LOCATOR	  	[*****]
	[*****]	  	TRANSMITTER-EMERGENCY LOCATOR	  	[*****]
	[*****]	  	DETECTOR-SMOKE	  	[*****]
	[*****]	  	ACTUATOR-TRIM	  	[*****]
	[*****]	  	INDICATOR-FLAP POSITION	  	[*****]
	[*****]	  	INDICATOR-TRIM POSITION	  	[*****]
	[*****]	  	VALVE BLOCK-FLAP	  	[*****]
	[*****]	  	VALVE BLOCK-SPOILER	  	[*****]
	[*****]	  	INDICATOR-FUEL QUANTITY REPEATER.KG	  	[*****]
	[*****]	  	INDICATOR-FUEL QUANTITY,KG	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No1

8 of 12
 Execution Version
	  	May 20th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

					
	[*****]	  	PUMP-FUEL ELECTRIC	  	[*****]
	[*****]	  	PUMP-ELECTRIC,AUXILIARY,DC	  	[*****]
	[*****]	  	DETECTOR-ICE	  	[*****]
	[*****]	  	VALVE-ANTI ICING PRESS REGULATOR AND SHU	  	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	[*****]	  	CLOCK	  	[*****]
	[*****]	  	CLOCK	  	[*****]
	[*****]	  	ENTRY PANEL-FLIGHT DATA	  	[*****]
	[*****]	  	FLIGHT DATA ACQUISITION UNIT	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	PANEL-CREW ALERTING	  	[*****]
	[*****]	  	PROBE-CCAS ALPHA	  	[*****]
	[*****]	  	SOLID STATE FLIGHT DATA RECORDER	  	[*****]
	[*****]	  	BOX-UPLOCK	  	[*****]
	[*****]	  	CONTROL UNIT-ANTISKID SYSTEM	  	[*****]
	[*****]	  	LEVER-CONTROL, L/G	  	[*****]
	[*****]	  	SENSOR-WHEEL SPEED	  	[*****]
	[*****]	  	VALVE-SELECTOR,SWIVEL	  	[*****]
	[*****]	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	[*****]	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	[*****]	  	LIGHT-ANTI COLLISION,WHITE	  	[*****]
	[*****]	  	LIGHT-ANTICOLLISION,WHITE	  	[*****]
	[*****]	  	LIGHT-LANDING	  	[*****]
	[*****]	  	LIGHT-STROBE	  	[*****]
	[*****]	  	POWER SUPPLY UNIT-STROBE LIGHT	  	[*****]
	[*****]	  	POWER SUPPLY-UNIT ANTI COLLISION LIGHT	  	[*****]
	[*****]	  	AIR DATA COMPUTER	  	[*****]
	[*****]	  	AIR DATA COMPUTER	  	[*****]
	[*****]	  	ALTIMETER	  	[*****]
	[*****]	  	ALTIMETER-STANDBY,MILLIBARS	  	[*****]
	[*****]	  	CONTROL BOX-WEATHER RADAR	  	[*****]
	[*****]	  	CONTROL PANEL-EFIS	  	[*****]
	[*****]	  	CONTROL UNIT-ADF	  	[*****]
	[*****]	  	CONTROL UNIT-DUAL ATC	  	[*****]
	[*****]	  	CONTROL UNIT-DUAL ATC	  	[*****]
	[*****]	  	CONTROL UNIT-TCAS	  	[*****]
	[*****]	  	CONTROL UNIT-VOR/ILS/DME	  	[*****]
	[*****]	  	DISPLAY UNIT-EFIS	  	[*****]
	[*****]	  	GROUND PROXIMITY WARNING COMPUTER	  	[*****]
	[*****]	  	INDICATOR-AIRSPEED	  	[*****]
	[*****]	  	INDICATOR-AIRSPEED,STANDBY	  	[*****]
	[*****]	  	IND1CATOR-DME	  	[*****]
	[*****]	  	INDICATOR-RADIO MAGNETIC	  	[*****]
	[*****]	  	INDICATOR-STANDBY HORIZON	  	[*****]
	[*****]	  	INDICATOR-TAS/TEMP	  	[*****]
	[*****]	  	INDICATOR-VERTICAL SPEED	  	[*****]
	[*****]	  	PROBE-PITOT	  	[*****]
	[*****]	  	RECEIVER-ADF	  	[*****]

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

  
  

					
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 CONFIDENTIAL TREATMENT REQUESTED 

 

					
	[*****]	  	RECEIVER-VOR/ILS/MKR	  	[*****]
	[*****]	  	REFERENCE UNIT-ATTITUDE AND HEADING	  	[*****]
	[*****]	  	SYMBOL GENERATOR UNIT	  	[*****]
	[*****]	  	TRANSCEIVER-RADIO ALTIMETER	  	[*****]
	[*****]	  	TRANSCEIVER-TCAS	  	[*****]
	[*****]	  	VALVE-FLUX	  	[*****]
	[*****]	  	TRANSMITTER/REGULATOR - OXYGEN PRESS	  	[*****]
	[*****]	  	DUCT-DISCHARGE DOWNSTREAM VALVE	  	[*****]
	[*****]	  	VALVE ASSY-SHUTOFF	  	[*****]
	[*****]	  	VALVE-HP AIR BLEED	  	[*****]
	[*****]	  	VALVE-HP AIR BLEED	  	[*****]
	[*****]	  	VALVE-XFEED, AIR BLEED	  	[*****]
	[*****]	  	BLADE AND PIN ASSY	  	[*****]
	[*****]	  	BRUSH BLOCK ASSY	  	[*****]
	[*****]	  	CONTROL ELECTRONIC- PROPELLER	  	[*****]
	[*****]	  	CONTROL UNIT-PROPELLER	  	[*****]
	[*****]	  	CONTROL UNIT-PROPELLER	  	[*****]
	[*****]	  	INDICATOR-NP,PROPELLER	  	[*****]
	[*****]	  	PROPELLER-SERVO VALVE	  	[*****]
	[*****]	  	PUMP-PROPELLER FEATHERING	  	[*****]
	[*****]	  	SWITCH-PRESSURE,HYDRAULIC	  	[*****]
	[*****]	  	PIPE-EXHAUST	  	[*****]
	[*****]	  	INDICATOR-FUEL FLOW/FUEL USED,KG	  	[*****]
	[*****]	  	INDICATOR-FUEL TEMPERATURE	  	[*****]
	[*****]	  	TRANSMITTER-FUEL FLOW	  	[*****]
	[*****]	  	PUSH-PULL CABLE-PROPELLER POWER	  	[*****]
	[*****]	  	INDICATOR-ITT	  	[*****]
	[*****]	  	INDICATOR-NH	  	[*****]
	[*****]	  	INDICATOR-TORQUE	  	[*****]
	[*****]	  	ACTUATOR-OIL COOLER FLAP	  	[*****]
	[*****]	  	COOLER-OIL	  	[*****]
	[*****]	  	INDICATOR-OIL TEMP/PRESS	  	[*****]
	[*****]	  	ELECTRONIC ENGINE CONTROL UNIT	  	[*****]
	[*****]	  	ELECTRONIC ENGINE CONTROL UNIT	  	[*****]
	[*****]	  	BRAKE, PROPELLER	  	[*****]
	[*****]	  	CONTROL,AUTOFEATHER	  	[*****]
	[*****]	  	EXCITER- IGNITION I.C.	  	[*****]
	[*****]	  	EJECTOR, FUEL WASTE	  	[*****]
	[*****]	  	SENSOR TORQUE METER	  	[*****]
	[*****]	  	VALVE ASSY,INTERCOMPRESS BLEED	  	[*****]
	[*****]	  	COOLER - OIL	  	[*****]
	[*****]	  	FLOW DIVIDER & DUMP VALVE	  	[*****]
	[*****]	  	SERVO VALVE	  	[*****]
	[*****]	  	VALVE INTERCOMPRESSOR BLEED	  	[*****]
	[*****]	  	FUEL HEATER	  	[*****]
	[*****]	  	FCU-HYDRO MECHANICAL	  	[*****]
	[*****]	  	FUEL PUMP	  	[*****]
	[*****]	  	Total	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No1

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 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 7-Al — ADDITIONAL STOCK 

The following Exhibit 7-Al is composed of one (1) page, into which are listed [*****] part numbers. 

This list is set in accordance with the Interim Fleet aircraft configuration only and it shall be amended as required in order to take into account the Final
Fleet aircraft configuration. 

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No1

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	  	May 20th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	CONDENSER	  	[*****]
	[*****]	  	COOLING UNIT	  	[*****]
	[*****]	  	EXCHANGER-HEAT,DUAL	  	[*****]
	[*****]	  	VALVE-TURBINE INLET CONTROL	  	[*****]
	[*****]	  	AUDIO CONTROL PANEL	  	[*****]
	[*****]	  	CONTROL UNIT-HF	  	[*****]
	[*****]	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER,DC	  	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR,AC	  	[*****]
	[*****]	  	STARTER GENERATOR-DC	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	PROBE-CCAS ALPHA	  	[*****]
	[*****]	  	POWER SUPPLY-UNIT ANTI COLLISION LIGHT	  	[*****]
	[*****]	  	PROBE-PITOT	  	[*****]
	[*****]	  	REFERENCE UNIT-ATTITUDE AND HEADING	  	[*****]
	[*****]	  	TRANSCEIVER-RADIO ALTIMETER	  	[*****]
	[*****]	  	VALVE-HP AIR BLEED	  	[*****]
	[*****]	  	BLADE AND PIN ASSY	  	[*****]
	[*****]	  	CONTROL ELECTRONIC- PROPELLER	  	[*****]
	[*****]	  	ELECTRONIC ENGINE CONTROL UNIT	  	[*****]
	[*****]	  	CONTROL,AUTOFEATHER	  	[*****]
	[*****]	  	EXCITER - IGNITION I.C.	  	[*****]
	[*****]	  	SERVO VALVE	  	[*****]
	[*****]	  	FCU-HYDRO MECHANICAL	  	[*****]
	[*****]	  	FUEL PUMP	  	[*****]
	[*****]	  	Total	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No1

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 AMENDMENT N°2 TO 

GLOBAL MAINTENANCE AGREEMENT 

Contract n° DS/CC-2612/10 

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

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

July 29th, 2011 

  
  

					
	Global Maintenance Agreement	  	 Amendment No2

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 CONTENTS 
  

							
	CONTENTS	  	 	2	  
	1	 	MODIFICATIONS	  	 	4	  
	2	 	EFFECTIVE DATE	  	 	5	  
	3	 	MISCELLANEOUS	  	 	5	  
	EXHIBIT 3-A2 - STOCK	  	 	7	  
	EXHIBIT 4-Al - LRU(s) AVAILABLE FOR REPAIR AND STANDARD EXCHANGE SERVICES	  	 	12	  

  
  

					
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 This Amendment N°2 (the “Amendment”) is made on July 29th, 2011 (the “Effective Date”), between 
 AZUL LINHAS AEREAS BRASILEIRAS S/A, 

a company incorporated under the laws of Brazil, the registered office of which is located at Alameda Surubiju, 2010 — Alphaville Industrial, Barueri, Sao
Paulo, Brazil, 
 hereafter referred to as the “Company” or “AZUL”, 

on the one part, 
 and 

AVIONS DE TRANSPORT REGIONAL, G.I.E., 
 a French
Groupement d’Intérêt Economique established under articles L.251-1 to L251-23 of the French Commercial Code, whose registered office is at 1 Allée Pierre-Nadot, 31712 Blagnac, France, identified under Corporate and Trade
Register of Toulouse number 323 932 236, 
 hereafter referred to as the “Provider” or “ATR”, 

on the other part, 
 Collectively referred to as
the “Parties” and individually to as a “Party”, 
 WHEREAS: 

 

	A)	The Company and the Provider entered into a global maintenance agreement dated December 24th, 2010 (as amended and supplemented from time to time the
“Agreement”) for the purpose of facilitating operational support tasks as well as scheduled and unscheduled maintenance; 

  

	B)	The Parties amended the Agreement through Amendment N°1 on May 20th, 2011, 

 

	C)	The Parties wish to amend certain provisions of the Agreement upon the terms and conditions set out below. 

NOW THEREFORE, IT IS HEREBY AGREED as follows: 

  
  

					
	Global Maintenance Agreement	  	 Amendment No2

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 CONFIDENTIAL TREATMENT REQUESTED 

 

 1 MODIFICATIONS 

Each of the Parties hereto agrees to amend the Agreement as follows: 

1.1 Modification of Exhibit 3 — STOCK 

Exhibit 3-Al of the Agreement shall be deleted and replaced in its entirety by the Exhibit 3-A2 attached hereto and any reference to Exhibit 3 in the Agreement
shall be construed as reference to the Exhibit 3-A2 attached. 
 1.1 Modification of Exhibit 4 - LRU(s) AVAILABLE FOR REPAIR AND STANDARD EXCHANGE
SERVICES 
 Exhibit 4 of the Agreement shall be deleted and replaced in its entirety by the Exhibit 4-Al attached hereto and any reference to Exhibit
4 in the Agreement shall be construed as reference to the Exhibit 4-Al attached. 
 1.3 Modification of Exhibit 10 — LEASE STOCK Clause 2

 Clause 2.4 of Exhibit 10 of the Agreement shall be deleted and substituted by the following: 

“ 
  

	2.4	The Stock total value of Exhibit 3 list, under economic conditions 2011, shall be: - [*****], and 

 ” 

Clause 2.5 of Exhibit 10 of the Agreement shall be deleted and substituted by the following: 

“ 
  

	2.5	The Stock total value of Exhibit 7 list, under economic conditions 2011, shall be: - [*****], and 

For the sake of clarity the Stock total value is the sum of the Stock total value of Exhibit 3 list and the Stock total value of Exhibit 7
list, such aggregate amount being equal to [*****] 
 ” 

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No2

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	2	EFFECTIVE DATE 

 This Amendment N°2 shall come into full force and effect as from the Effective Date.

  

	3	MISCELLANEOUS 

  

	3.1	In case of any inconsistency with the Agreement and this Amendment, the latter shall prevail. 

  

	3.2	This Amendment contains the entire agreement between the Parties and supersede any previous understandings, commitments and/or representations whatsoever oral or written. 

 

	3.3	This Amendment shall not be modified or varied except by an instrument in writing executed by both Parties. 

  

	3.4	Except as expressly set out in this Amendment, all of the provisions of the Agreement remain valid and binding. 

  

	3.5	This Amendment shall be governed by and construed in accordance with the laws of New York. 

  
  

					
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 Execution Page 

This Amendment N° 2 has been executed in two (2) original copies in the English language. 

For and on behalf of: For and on behalf of: 
  

									
	AZUL	 		 	ANIONS DE TRANSPORT REGIONAL
	(Company)	 		 	(Provider)
					
	Name:	 	Gerald B. Lee	 		 	Name:	 	Luigi Mollo
	Title:	 	Attorney – In – Fact	 		 	Title:	 	 Vice President Commercial
 ATR Customer
Services

					
	Date:	 	August 26, 2011	 		 	Date:	 	

									
					
	Signature:	 	/s/ Gerald B. Lee	 		 	Signature:	 	/s/ Luigi Mollo

  
  

					
	Global Maintenance Agreement	  	 Amendment No2

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 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 3-A2 – STOCK 

The following Exhibit 3-A2 is composed of four (4) pages, into which are listed [*****] part numbers. 

This list is set in accordance with the Interim Fleet aircraft configuration only and it shall be amended as required in order to take into account the Final
Fleet aircraft configuration. 

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No2

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	  	July 29th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	CONTROLLER-MANUAL	  	[*****]
	[*****]	  	COOLING UNIT	  	[*****]
	[*****]	  	EXCHANGER-HEAT,DUAL	  	[*****]
	[*****]	  	INDICATOR-CAB PRESS	  	[*****]
	[*****]	  	VALVE-PACK FLOW CONTROL	  	[*****]
	[*****]	  	VALVE-PNEUMATIC OUTFLOW	  	[*****]
	[*****]	  	VALVE-TRIM AIR	  	[*****]
	[*****]	  	VALVE-TURBINE INLET CONTROL	  	[*****]
	[*****]	  	ACTUATOR-AP	  	[*****]
	[*****]	  	ADVISORY DISPLAY UNIT-AFCS	  	[*****]
	[*****]	  	COMPUTER-AFCS	  	[*****]
	[*****]	  	CONTROL PANEL-AFCS	  	[*****]
	[*****]	  	AMPLIFIER-HF POWER	  	[*****]
	[*****]	  	AMPLIFIER-PASSENGER ADDRESS	  	[*****]
	[*****]	  	AUDIO CONTROL PANEL	  	[*****]
	[*****]	  	CONTROL UNIT-VHF	  	[*****]
	[*****]	  	CONTROL UNIT-VHF	  	[*****]
	[*****]	  	CONTROL UNIT-VHF	  	[*****]
	[*****]	  	COUPLER HF ANTENNA	  	[*****]
	[*****]	  	COUPLER HF ANTENNA	  	[*****]
	[*****]	  	CVR-SOLID STATE	  	[*****]
	[*****]	  	HANDSET-CABIN ATTENDANT	  	[*****]
	[*****]	  	HANDSET-CABIN ATTENDANT	  	[*****]
	[*****]	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	[*****]	  	TRANSCEIVER-HF	  	[*****]
	[*****]	  	TRANSCEIVER-HF	  	[*****]
	[*****]	  	TRANSCEIVER-VHF	  	[*****]
	[*****]	  	TRANSCEIVER-VHF	  	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER,AC	  	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER,DC	  	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR,AC	  	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR,DC	  	[*****]
	[*****]	  	GENERATOR-AC	  	[*****]
	[*****]	  	INVERTER-STATIC	  	[*****]
	[*****]	  	SENSOR-HALL EFFECT	  	[*****]
	[*****]	  	STARTER GENERATOR-DC	  	[*****]
	[*****]	  	TRANSMITTER-EMERGENCY LOCATOR	  	[*****]
	[*****]	  	TRANSMITTER-EMERGENCY LOCATOR	  	[*****]
	[*****]	  	DETECTOR-SMOKE	  	[*****]
	[*****]	  	ACTUATOR-TRIM	  	[*****]
	[*****]	  	INDICATOR-FLAP POSITION	  	[*****]
	[*****]	  	INDICATOR-TRIM POSITION	  	[*****]
	[*****]	  	VALVE BLOCK-FLAP	  	[*****]
	[*****]	  	VALVE BLOCK-SPOILER	  	[*****]
	[*****]	  	INDICATOR-FUEL QUANTITY	  	[*****]
	[*****]	  	REPEATER,KG	  	[*****]
	[*****]	  	INDICATOR-FUEL QUANTITY,KG	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No2

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	  	July 29th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	PUMP-FUEL ELECTRIC	  	[*****]
	[*****]	  	PUMP-ELECTRIC,AUXILIARY,DC	  	[*****]
	[*****]	  	DETECTOR-ICE	  	[*****]
	[*****]	  	VALVE-ANTI ICING PRESS REGULATOR AND SHU	  	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	[*****]	  	CLOCK	  	[*****]
	[*****]	  	CLOCK	  	[*****]
	[*****]	  	ENTRY PANEL-FLIGHT DATA	  	[*****]
	[*****]	  	FLIGHT DATA ACQUISITION UNIT	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	PANEL-CREW ALERTING	  	[*****]
	[*****]	  	PROBE-CCAS ALPHA	  	[*****]
	[*****]	  	SOLID STATE FLIGHT DATA RECORDER	  	[*****]
	[*****]	  	BOX-UPLOCK	  	[*****]
	[*****]	  	CONTROL UNIT-ANTISKID SYSTEM	  	[*****]
	[*****]	  	LEVER-CONTROLUG	  	[*****]
	[*****]	  	SENSOR-WHEEL SPEED	  	[*****]
	[*****]	  	VALVE-SELECTOR,SWIVEL	  	[*****]
	[*****]	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	[*****]	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	[*****]	  	LIGHT-ANTI COLLISION,VVHITE	  	[*****]
	[*****]	  	LIGHT-ANTICOLLISION,WHITE	  	[*****]
	[*****]	  	LIGHT-LANDING	  	[*****]
	[*****]	  	LIGHT-STROBE	  	[*****]
	[*****]	  	POWER SUPPLY UNIT-STROBE LIGHT	  	[*****]
	[*****]	  	POWER SUPPLY-UNIT ANTI COLLISION LIGHT	  	[*****]
	[*****]	  	AIR DATA COMPUTER	  	[*****]
	[*****]	  	AIR DATA COMPUTER	  	[*****]
	[*****]	  	ALTIMETER	  	[*****]
	[*****]	  	ALTIMETER-STANDBY,MILLIBARS	  	[*****]
	[*****]	  	CONTROL BOX-WEATHER RADAR	  	[*****]
	[*****]	  	CONTROL PANEL-EFIS	  	[*****]
	[*****]	  	CONTROL UNIT-ADF	  	[*****]
	[*****]	  	CONTROL UNIT-DUAL ATC	  	[*****]
	[*****]	  	CONTROL UNIT-DUAL ATC	  	[*****]
	[*****]	  	CONTROL UNIT-TCAS	  	[*****]
	[*****]	  	CONTROL UNIT-VOR/ILS/OME	  	[*****]
	[*****]	  	DISPLAY UNIT-EFIS	  	[*****]
	[*****]	  	GROUND PROXIMITY WARNING COMPUTER	  	[*****]
	[*****]	  	INDICATOR-AIRSPEED	  	[*****]
	[*****]	  	INDICATOR-AIRSPEED,STANDBY	  	[*****]
	[*****]	  	INDICATOR-DME	  	[*****]
	[*****]	  	INDICATOR-RADIO MAGNETIC	  	[*****]
	[*****]	  	INDICATOR-STANDBY HORIZON	  	[*****]
	[*****]	  	INDICATOR-TASTTEMP	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No2

9 of 19
 Execution Version
	  	July 29th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	INDICATOR-VERTICAL SPEED	  	[*****]
	[*****]	  	PROBE-PITOT	  	[*****]
	[*****]	  	RECEIVER-ADF	  	[*****]
	[*****]	  	RECEIVER-VOR/ILS/MKR	  	[*****]
	[*****]	  	REFERENCE UNIT-ATTITUDE AND HEADING	  	[*****]
	[*****]	  	SYMBOL GENERATOR UNIT	  	[*****]
	[*****]	  	TRANSCEIVER-RADIO ALTIMETER	  	[*****]
	[*****]	  	TRANSCEIVER-TCAS	  	[*****]
	[*****]	  	VALVE-FLUX	  	[*****]
	[*****]	  	TRANSMITTER/REGULATOR - OXYGEN PRESS	  	[*****]
	[*****]	  	DUCT-DISCHARGE DOWNSTREAM VALVE	  	[*****]
	[*****]	  	VALVE ASSY-SHUTOFF	  	[*****]
	[*****]	  	VALVE-HP AIR BLEED	  	[*****]
	[*****]	  	VALVE-HP AIR BLEED	  	[*****]
	[*****]	  	VALVE-XFEED,AIR BLEED	  	[*****]
	[*****]	  	BLADE AND PIN ASSY	  	[*****]
	[*****]	  	BRUSH BLOCK ASSY	  	[*****]
	[*****]	  	CONTROL ELECTRONIC-PROPELLER	  	[*****]
	[*****]	  	CONTROL UNIT-PROPELLER	  	[*****]
	[*****]	  	CONTROL UNIT-PROPELLER	  	[*****]
	[*****]	  	INDICATOR-NP,PROPELLER	  	[*****]
	[*****]	  	PROPELLER-SERVO VALVE	  	[*****]
	[*****]	  	PUMP-PROPELLER FEATHERING	  	[*****]
	[*****]	  	SWITCH-PRESSURE,HYDRAULIC	  	[*****]
	[*****]	  	PIPE-EXHAUST	  	[*****]
	[*****]	  	INDICATOR-FUEL FLOW/FUEL USED,KG	  	[*****]
	[*****]	  	INDICATOR-FUEL TEMPERATURE	  	[*****]
	[*****]	  	TRANSMITTER-FUEL FLOW	  	[*****]
	[*****]	  	PUSH-PULL CABLE-PROPELLER POWER	  	[*****]
	[*****]	  	INDICATOR-ITT	  	[*****]
	[*****]	  	INDICATOR-NH	  	[*****]
	[*****]	  	INDICATOR-TORQUE	  	[*****]
	[*****]	  	ACTUATOR-OIL COOLER FLAP	  	[*****]
	[*****]	  	COOLER-OIL	  	[*****]
	[*****]	  	INDICATOR-OIL TEMP/PRESS	  	[*****]
	[*****]	  	ELECTRONIC ENGINE CONTROL UNIT	  	[*****]
	[*****]	  	ELECTRONIC ENGINE CONTROL UNIT	  	[*****]
	[*****]	  	BRAKE, PROPELLER	  	[*****]
	[*****]	  	CONTROL,AUTOFEATHER	  	[*****]
	[*****]	  	EXCITER - IGNITION I.C.	  	[*****]
	[*****]	  	EJECTOR, FUEL WASTE	  	[*****]
	[*****]	  	SENSOR TORQUE METER	  	[*****]
	[*****]	  	VALVE ASSY,INTERCOMPRESS BLEED	  	[*****]
	[*****]	  	COOLER - OIL	  	[*****]
	[*****]	  	FLOW DIVIDER & DUMP VALVE	  	[*****]
	[*****]	  	SERVO VALVE	  	[*****]
	[*****]	  	VALVE INTERCOMPRESSOR BLEED	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No2

10 of 19
 Execution Version
	  	July 29th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	FUEL HEATER	  	[*****]
	[*****]	  	FCU-HYORO MECHANICAL	  	[*****]
	[*****]	  	FUEL PUMP	  	[*****]
	[*****]	  	GOVERNOR-PROPELLER OVERSPEED	  	[*****]
	[*****]	  	PUMP GOVERNOR-PROPELLER OVERSPEED	  	[*****]
	[*****]	  	GOVERNOR-PROPELLER OVERSPEED	  	[*****]
	[*****]	  	PUMP GOVERNOR-PROPELLER OVERSPEED	  	[*****]
	[*****]	  	Total	  	[*****]

 EC2011 

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No2

11 of 19
 Execution Version
	  	July 29th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 4-Al – LRU(s) AVAILABLE FOR REPAIR AND STANDARD EXCHANGE SERVICES 

The following Exhibit 4-A1 is composed of seven (7) pages, into which are listed [*****] part numbers. 

This list is set in accordance with the Interim Fleet aircraft configuration only and it shall be amended as required in order to take into account the Final
Fleet aircraft configuration. 

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No2

12 of 19
 Execution Version
	  	July 29th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	CONDENSER	  	[*****]
	[*****]	  	CONTROLLER-DIGITAL	  	[*****]
	[*****]	  	CONTROLLER-MANUAL	  	[*****]
	[*****]	  	CONTROLLER-TEMPERATURE	  	[*****]
	[*****]	  	COOLING UNIT	  	[*****]
	[*****]	  	EXCHANGER-HEAT,DUAL	  	[*****]
	[*****]	  	EXTRACTOR-WATER	  	[*****]
	[*****]	  	FAN-AIR EXTRACTION	  	[*****]
	[*****]	  	FAN-AIR EXTRACTION	  	[*****]
	[*****]	  	FAN-GASPER	  	[*****]
	[*****]	  	FAN-GROUND COOLING	  	[*****]
	[*****]	  	FAN-GROUND COOLING	  	[*****]
	[*****]	  	FAN-RECIRCULATION	  	[*****]
	[*****]	  	INDICATOR-CAB PRESS	  	[*****]
	[*****]	  	INDICATOR-COMPT/DUCT TEMP	  	[*****]
	[*****]	  	REGULATOR-PRESSURE	  	[*****]
	[*****]	  	SELECTOR-TEMPERATURE	  	[*****]
	[*****]	  	SWITCH- OVERTEMPERATURE	  	[*****]
	[*****]	  	VALVE CHECK-AIR BLEED	  	[*****]
	[*****]	  	VALVE-CHECK	  	[*****]
	[*****]	  	VALVE-CHECK,ECS DISTRIBUTION	  	[*****]
	[*****]	  	VALVE- ELECTROPNEUMATIC OUTFLOW	  	[*****]
	[*****]	  	VALVE-HOT BYPASS	  	[*****]
	[*****]	  	VALVE-OVERBOARD VENTILATION	  	[*****]
	[*****]	  	VALVE-PACK FLOW CONTROL	  	[*****]
	[*****]	  	VALVE-PNEUMATIC OUTFLOW	  	[*****]
	[*****]	  	VALVE-SHUTOFF TURBOFAN	  	[*****]
	[*****]	  	VALVE-TRIM AIR	  	[*****]
	[*****]	  	VALVE-TRIM AIR	  	[*****]
	[*****]	  	VALVE-TURBINE INLET CONTROL	  	[*****]
	[*****]	  	VALVE-UNDERFLOOR ISOLVENT	  	[*****]
	[*****]	  	VALVE-UNDERFLOOR ISOLVENT	  	[*****]
	[*****]	  	ACTUATOR-AP	  	[*****]
	[*****]	  	ADVISORY DISPLAY UNIT- AFCS	  	[*****]
	[*****]	  	COMPUTER-AFCS	  	[*****]
	[*****]	  	CONTROL PANEL-AFCS	  	[*****]
	[*****]	  	ROD-DYNAMOMETRIC,ELEVATOR	  	[*****]
	[*****]	  	ROD-DYNAMOMETRIC,RUDDER	  	[*****]
	[*****]	  	AMPLIFIER-HF POWER	  	[*****]
	[*****]	  	AMPLIFIER-PASSENGER ADDRESS	  	[*****]
	[*****]	  	AUDIO CONTROL PANEL	  	[*****]
	[*****]	  	CONTROL UNIT-CVR	  	[*****]
	[*****]	  	CONTROL UNIT-IHF	  	[*****]
	[*****]	  	CONTROL UNIT-HF	  	[*****]
	[*****]	  	CONTROL UNIT-VHF	  	[*****]
	[*****]	  	CONTROL UNIT-VHF	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No2

13 of 19
 Execution Version
	  	July 29th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	CONTROL UNIT-VHF	  	[*****]
	[*****]	  	COUPLER HF ANTENNA	  	[*****]
	[*****]	  	COUPLER HF ANTENNA	  	[*****]
	[*****]	  	COUPLER HF ANTENNA	  	[*****]
	[*****]	  	CVR-SOLID STATE	  	[*****]
	[*****]	  	DECODER-SELCAL	  	[*****]
	[*****]	  	HANDSET-CABIN ATTENDANT	  	[*****]
	[*****]	  	HANDSET-CABIN ATTENDANT	  	[*****]
	[*****]	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	[*****]	  	SELECTION PANEL-SELCAL CODE	  	[*****]
	[*****]	  	TRANSCEIVER-HF	  	[*****]
	[*****]	  	TRANSCEIVER-HF	  	[*****]
	[*****]	  	TRANSCEIVER-VHF	  	[*****]
	[*****]	  	TRANSCEIVER-VHF	  	[*****]
	[*****]	  	AMMETER-BATTERY CHID/SCH	  	[*****]
	[*****]	  	CONTACTOR-ACW	  	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER,AC	  	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER,DC	  	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR,AC	  	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR,DC	  	[*****]
	[*****]	  	GENERATOR-AC	  	[*****]
	[*****]	  	INVERTER-STATIC	  	[*****]
	[*****]	  	PANEL-AC/DC PARAMETER MEASURING	  	[*****]
	[*****]	  	RELAY	  	[*****]
	[*****]	  	RELAY	  	[*****]
	[*****]	  	SENSOR-HALL EFFECT	  	[*****]
	[*****]	  	STARTER GENERATOR-DC	  	[*****]
	[*****]	  	TRANSFORMER RECTIFIER UNIT	  	[*****]
	[*****]	  	TRANSFORMER-GROUND POWER CURRENT,AC	  	[*****]
	[*****]	  	TOILET-PSU	  	[*****]
	[*****]	  	TRANSMITTER-EMERGENCY LOCATOR	  	[*****]
	[*****]	  	TRANSMITTER-EMERGENCY LOCATOR	  	[*****]
	[*****]	  	CONTROL BOX-SMOKE DETECTION FAN	  	[*****]
	[*****]	  	CONTROL BOX-SMOKE DETECTION FAN	  	[*****]
	[*****]	  	DETECTOR UNIT	  	[*****]
	[*****]	  	DETECTOR UNIT-ENGINE OVERHEAT	  	[*****]
	[*****]	  	DETECTOR-SMOKE	  	[*****]
	[*****]	  	DETECTOR-SMOKE	  	[*****]
	[*****]	  	DETECTOR-SMOKE	  	[*****]
	[*****]	  	HANDLE-ENG1 FIRE	  	[*****]
	[*****]	  	HANDLE-ENG2 FIRE	  	[*****]
	[*****]	  	ACTUATOR-ELEVATOR	  	[*****]
	[*****]	  	ACTUATOR-FLAP	  	[*****]
	[*****]	  	ACTUATOR-FLAP	  	[*****]
	[*****]	  	ACTUATOR-FLAP	  	[*****]
	[*****]	  	ACTUATOR-SPOILER	  	[*****]
	[*****]	  	ACTUATOR-STICK PUSHER	  	[*****]

  

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No2

14 of 19
 Execution Version
	  	July 29th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	ACTUATOR-TRIM	  	[*****]
	[*****]	  	AILERON GUST-LOCK ACTUATOR	  	[*****]
	[*****]	  	CABLE-TENSION REGULATOR	  	[*****]
	[*****]	  	CENTERING UNIT-RELEASABLE	  	[*****]
	[*****]	  	DAMPER-RUDDER	  	[*****]
	[*****]	  	INDICATOR-FLAP POSITION	  	[*****]
	[*****]	  	INDICATOR-TRIM POSITION	  	[*****]
	[*****]	  	RESTRICTOR-FLAP VALVE BLOCK FLOW,EXTN LI	  	[*****]
	[*****]	  	SHAKER-STICK	  	[*****]
	[*****]	  	SWITCH UNIT-FLAP CONTROL	  	[*****]
	[*****]	  	SWITCH UNIT-FLAP CONTROL	  	[*****]
	[*****]	  	VALVE BLOCK-FLAP	  	[*****]
	[*****]	  	VALVE BLOCK-SPOILER	  	[*****]
	[*****]	  	ACTUATOR-FUEL CROSSFEED VALVE	  	[*****]
	[*****]	  	ACTUATOR-FUEL LP VALVE	  	[*****]
	[*****]	  	CANISTER-ELECTRIC PUMP	  	[*****]
	[*****]	  	CLINOMETER-ROLL ATTITUDE	  	[*****]
	[*****]	  	COUPLING-REFUEL/DEFUEL	  	[*****]
	[*****]	  	INDICATOR-FUEL QUANTITY REPEATER,KG	  	[*****]
	[*****]	  	INDICATOR-FUEL QUANTITY,KG	  	[*****]
	[*****]	  	INDICATOR-FUEL TEMP,TANK	  	[*****]
	[*****]	  	JET PUMP-ENGINE FEED	  	[*****]
	[*****]	  	JET PUMP-ENGINE FEED	  	[*****]
	[*****]	  	JET PUMP-FEEDER TANK	  	[*****]
	[*****]	  	JET PUMP-FEEDER TANK	  	[*****]
	[*****]	  	PRESELECTOR-FUEL OUANTITY,KG	  	[*****]
	[*****]	  	PUMP-FUEL ELECTRIC	  	[*****]
	[*****]	  	VALVE-CROSSFEED	  	[*****]
	[*****]	  	VALVE-FUEL LP	  	[*****]
	[*****]	  	VALVE-FUEL MOTIVE FLOW	  	[*****]
	[*****]	  	VALVE-REFUEL/DEFUEL	  	[*****]
	[*****]	  	ACCUMULATOR-LINE	  	[*****]
	[*****]	  	INDICATOR LEVEL SWITCH	  	[*****]
	[*****]	  	INDICATOR-PRESSURE,TRIPLE	  	[*****]
	[*****]	  	MODULE-PRESSURE	  	[*****]
	[*****]	  	PUMP-ELECTRIC,AC	  	[*****]
	[*****]	  	PUMP-ELECTRIC,AUXILIARY,DC	  	[*****]
	[*****]	  	RESERVOIR-HYDRAULIC	  	[*****]
	[*****]	  	CONTROLLER-DE ICING,STANDBY	  	[*****]
	[*****]	  	CONTROLLER-HORN ANTI ICING	  	[*****]
	[*****]	  	CONTROLLER-WINDSHIELD TEMPERATURE	  	[*****]
	[*****]	  	DETECTOR-ICE	  	[*****]
	[*****]	  	HEATER-DUAL DISTRIBUTOR VALVE	  	[*****]
	[*****]	  	MOTOR-W1PER,CAPTAIN	  	[*****]
	[*****]	  	MOTOR-WIPER/70	  	[*****]
	[*****]	  	RESISTOR-HORN ANTI ICING,LH AILERON	  	[*****]
	[*****]	  	RESISTOR-HORN ANTI ICING,LH ELEVATOR	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No2

15 of 19
 Execution Version
	  	July 29th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	RESISTOR-HORN ANTI ICING,RH AILERON	  	[*****]
	[*****]	  	RESISTOR-HORN ANTI-ICING,RH ELEVATOR	  	[*****]
	[*****]	  	RESISTOR-HORN ANTI-ICING,RUDDER	  	[*****]
	[*****]	  	SEPARATOR-WATER	  	[*****]
	[*****]	  	VALVE-ANTI ICING PRESS REGULATOR AND SHU	  	[*****]
	[*****]	  	VALVE-ANTI ICING SHUTOFF	  	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	[*****]	  	ACCELEROMETER-THREE AXIS	  	[*****]
	[*****]	  	CLOCK	  	[*****]
			
	[*****]	  	CLOCK	  	[*****]
	[*****]	  	ENTRY PANEL-FLIGHT DATA	  	[*****]
	[*****]	  	FLIGHT DATA ACQUISITION UNIT	  	[*****]
	[*****]	  	INTERFACE UNIT AIRCRAFT PERFORMANCE (APIU)	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	PANEL-ATTENDANT	  	[*****]
	[*****]	  	PANEL-CREW ALERTING	  	[*****]
	[*****]	  	PROBE-CCAS ALPHA	  	[*****]
	[*****]	  	QUICK ACCESS RECORDER	  	[*****]
	[*****]	  	SOLID STATE FLIGHT DATA RECORDER	  	[*****]
	[*****]	  	TRANSMITTER-POSITION SYNCHRO	  	[*****]
	[*****]	  	ABSORBER-SHOCK	  	[*****]
	[*****]	  	ACCUMULATOR-PARKING	  	[*****]
	[*****]	  	BOX-UPLOCK	  	[*****]
	[*****]	  	CONTROL UNIT-ANTISKID SYSTEM	  	[*****]
	[*****]	  	CYLINDER-MASTER	  	[*****]
	[*****]	  	LEVER-CONTROL,UG	  	[*****]
	[*****]	  	MODULE-ANTISKID	  	[*****]
	[*****]	  	RESERVOIR-BRAKE	  	[*****]
	[*****]	  	SENSOR-WHEEL SPEED	  	[*****]
	[*****]	  	VALVE-BRAKE	  	[*****]
	[*****]	  	VALVE-BRAKE	  	[*****]
	[*****]	  	VALVE-DIFFERENTIAL CONTROL SELECTOR	  	[*****]
	[*****]	  	VALVE-PARKING	  	[*****]
	[*****]	  	VALVE-RELIEF,LOW PRESSURE	  	[*****]
	[*****]	  	VALVE-SELECTOR,LG	  	[*****]
	[*****]	  	VALVE-SELECTOR,SWIVEL	  	[*****]
	[*****]	  	VALVE-SOLENOID,N/W STEERING	  	[*****]
	[*****]	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	[*****]	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	[*****]	  	LIGHT-ANTICOLLISION,WHITE	  	[*****]
	[*****]	  	LIGHT-ANTICOLLISION,WHITE	  	[*****]
	[*****]	  	LIGHT-LANDING	  	[*****]
	[*****]	  	LIGHT-LOGO	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No2

16 of 19
 Execution Version
	  	July 29th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	LIGHT-STROBE	  	[*****]
	[*****]	  	LIGHT-WING AND ENGINE SCAN,LH	  	[*****]
	[*****]	  	LIGHT-WING AND ENGINE SCAN,RH	  	[*****]
	[*****]	  	POWER SUPPLY UNIT-STROBE LIGHT	  	[*****]
	[*****]	  	POWER SUPPLY-UNIT ANTI COLLISION LIGHT	  	[*****]
	[*****]	  	ADAPTER BOX,ADF/ATC	  	[*****]
	[*****]	  	AIR DATA COMPUTER	  	[*****]
	[*****]	  	AIR DATA COMPUTER	  	[*****]
	[*****]	  	ALTIMETER	  	[*****]
	[*****]	  	ALTIMETER-STANDBY, MILLIBARS	  	[*****]
	[*****]	  	AMPLIFIER-AUDIO MIXER	  	[*****]
	[*****]	  	ANTENNA-RADIO-ALTIMETER RECEPTION	  	[*****]
	[*****]	  	AUXILIARY FLIGHT DATA ACQUISITION UNIT	  	[*****]
	[*****]	  	COMPENSATOR-REMOTE MAGNETIC	  	[*****]
	[*****]	  	CONTROL BOX-WEATHER RADAR	  	[*****]
	[*****]	  	CONTROL PANEL-EFIS	  	[*****]
	[*****]	  	CONTROL PANEL-EFIS	  	[*****]
	[*****]	  	CONTROL UNIT-ADF	  	[*****]
	[*****]	  	CONTROL UNIT-DUAL ATC	  	[*****]
	[*****]	  	CONTROL UNIT-DUAL ATC	  	[*****]
	[*****]	  	CONTROL UNIT-TCAS	  	[*****]
	[*****]	  	CONTROL UNIT-VOR/ILS/DME	  	[*****]
	[*****]	  	CONTROLLER-INSTRUMENT REMOTE	  	[*****]
	[*****]	  	CONTROLLER-INSTRUMENT REMOTE	  	[*****]
	[*****]	  	CONVERTER-ANALOG/DIGITAL	  	[*****]
	[*****]	  	DISPLAY UNIT-EFIS	  	[*****]
	[*****]	  	GROUND PROXIMITY WARNING COMPUTER	  	[*****]
	[*****]	  	GROUND PROXIMITY WARNING COMPUTER	  	[*****]
	[*****]	  	INDICATOR-AIRSPEED	  	[*****]
	[*****]	  	INDICATOR-AIRSPEED,STANDBY	  	[*****]
	[*****]	  	INDICATOR-DME	  	[*****]
	[*****]	  	INDICATOR-RADIO MAGNETIC	  	[*****]
	[*****]	  	INDICATOR-STANDBY HORIZON	  	[*****]
	[*****]	  	INDICATOR-TAS/TEMP	  	[*****]
	[*****]	  	INDICATOR-VERTICAL SPEED	  	[*****]
	[*****]	  	INTERROGATOR-DME	  	[*****]
	[*****]	  	MULTISYSTEM CONTROL DISPLAY UNIT-GNSS	  	[*****]
	[*****]	  	PROBE-AIR TEMPERATURE	  	[*****]
	[*****]	  	PROBE-PITOT	  	[*****]
	[*****]	  	PROCESSOR UNIT-NAVIGATION (GNSS syst.)	  	[*****]
	[*****]	  	PROCESSOR UNIT-NAVIGATION	  	[*****]
	[*****]	  	RECEIVER DISPLAY UNIT-GPS	  	[*****]
	[*****]	  	RECEIVER-ADF	  	[*****]
	[*****]	  	RECEIVER-VOR/ILS/MKR	  	[*****]
	[*****]	  	REFERENCE UNIT- ATTITUDE AND HEADING	  	[*****]
	[*****]	  	SYMBOL GENERATOR UNIT	  	[*****]
	[*****]	  	TRANSCEIVER-RADIO ALTIMETER	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No2

17 of 19
 Execution Version
	  	July 29th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	TRANSCEIVER-TCAS	  	[*****]
	[*****]	  	TRANSCEIVER-TCAS	  	[*****]
	[*****]	  	TRANSPONDER-ATC	  	[*****]
	[*****]	  	TRANSPONDER-ATC	  	[*****]
	[*****]	  	VALVE-FLUX	  	[*****]
	[*****]	  	CYLINDER-OXYGEN (PORTABLE)	  	[*****]
	[*****]	  	INDICATOR-OXYGEN HP	  	[*****]
	[*****]	  	TRANSMITTER/REGULATOR - OXYGEN PRESS	  	[*****]
	[*****]	  	VALVE-FEED STOP	  	[*****]
	[*****]	  	CONTROLLER-AIR LEAK DETECTION	  	[*****]
	[*****]	  	DUCT-DISCHARGE DOWNSTREAM VALVE	  	[*****]
	[*****]	  	SWITCH-PRESSURE	  	[*****]
	[*****]	  	VALVE ASSY-SHUTOFF	  	[*****]
	[*****]	  	VALVE-HP AIR BLEED	  	[*****]
	[*****]	  	VALVE-XFEED,AIR BLEED	  	[*****]
	[*****]	  	VENTURI-HP	  	[*****]
	[*****]	  	ACTUATOR-CARGO DOOR	  	[*****]
	[*****]	  	CONTROL UNIT-ARMOURED COCKPIT DOOR	  	[*****]
	[*****]	  	ACTUATOR-PNEUMATIC	  	[*****]
	[*****]	  	BRUSH BLOCK ASSY	  	[*****]
	[*****]	  	CONTROL ELECTRONIC-PROPELLER	  	[*****]
	[*****]	  	CONTROL UNIT-PROPELLER	  	[*****]
	[*****]	  	CONTROL UNIT-PROPELLER	  	[*****]
	[*****]	  	CONTROL UNIT-PROPELLER	  	[*****]
	[*****]	  	ELECTROVALVE	  	[*****]
	[*****]	  	GOVERNOR-PROPELLER OVERSPEED	  	[*****]
	[*****]	  	INDICATOR-NP,PROPELLER	  	[*****]
	[*****]	  	INTERFACE UNIT-PROPELLER	  	[*****]
	[*****]	  	PROPELLER-SERVO VALVE	  	[*****]
	[*****]	  	PUMP GOVERNOR-PROPELLER OVERSPEED	  	[*****]
	[*****]	  	PUMP-PROPELLER FEATHERING	  	[*****]
	[*****]	  	PUSH-PULL CABLE-PROP CONDITION	  	[*****]
	[*****]	  	SWITCH-PRESSURE,HYDRAULIC	  	[*****]
	[*****]	  	SYNCHROPHASER-PROP	  	[*****]
	[*****]	  	PIPE-EXHAUST	  	[*****]
	[*****]	  	INDICATOR-FUEL FLOW/FUEL USED,KG	  	[*****]
	[*****]	  	INDICATOR-FUEL TEMPERATURE	  	[*****]
	[*****]	  	TRANSMITTER-FUEL FLOW	  	[*****]
	[*****]	  	PUSH-PULL CABLE-PROPELLER POWER	  	[*****]
	[*****]	  	INDICATOR-ITT	  	[*****]
	[*****]	  	INDICATOR-NH	  	[*****]
	[*****]	  	INDICATOR-TORQUE	  	[*****]
	[*****]	  	ACTUATOR-OIL COOLER FLAP	  	[*****]
	[*****]	  	COOLER-OIL	  	[*****]
	[*****]	  	INDICATOR-OIL TEMP/PRESS	  	[*****]
	[*****]	  	ELECTRONIC ENGINE CONTROL UNIT	  	[*****]
	[*****]	  	BRAKE, PROPELLER	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No2

18 of 19
 Execution Version
	  	July 29th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	CONTROL,AUTOFEATHER	  	[*****]
	[*****]	  	EXCITER-IGNITION I.C.	  	[*****]
	[*****]	  	EJECTOR, FUEL WASTE	  	[*****]
	[*****]	  	SENSOR TORQUE METER	  	[*****]
	[*****]	  	VALVE ASSY,INTERCOMPRESS BLEED	  	[*****]
	[*****]	  	COOLER - OIL	  	[*****]
	[*****]	  	FLOW DIVIDER & DUMP VALVE	  	[*****]
	[*****]	  	SERVO VALVE	  	[*****]
	[*****]	  	VALVE INTEROOMPRESSOR BLEED	  	[*****]
	[*****]	  	FUEL HEATER	  	[*****]
	[*****]	  	FCU-HYDRO MECHANICAL	  	[*****]
	[*****]	  	FUEL PUMP	  	[*****]
	[*****]	  	GOVERNOR-PROPELLER OVERSPEED	  	[*****]
	[*****]	  	PUMP GOVERNOR-PROPELLER OVERSPEED	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No2

19 of 19
 Execution Version
	  	July 29th, 2011

 AMENDMENT N°3 TO 

GLOBAL MAINTENANCE AGREEMENT 

Contract n° DS/CC-2612/10 

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

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

October 18th, 2011 

  
  

					
	Global Maintenance Agreement	  	 Amendment No3 

1 of 28
 Execution Version
	  	October 18th, 2011

 CONTENTS 
  

							
	 CONTENTS
	  	 	2	  
			
	 1
	  	 MODIFICATIONS
	  	 	4	  
			
	 2
	  	 EFFECTIVE DATE
	  	 	7	  
			
	 3
	  	 MISCELLANEOUS
	  	 	7	  
		
	 EXHIBIT 1-A1 – LIST OF ATR AIRCRAFT COVERED UNDER THIS AGREEMENT
	  	 	9	  
		
	 EXHIBIT 3-A3 – STOCK
	  	 	10	  
		
	 EXHIBIT 4-A2 – LRU(s) AVAILABLE FOR REPAIR AND STANDARD EXCHANGE SERVICES
	  	 	17	  

  
  

					
	Global Maintenance Agreement	  	 Amendment No3 

2 of 28
 Execution Version
	  	October 18th, 2011 

 This Amendment N°3 (the “Amendment”) is made on October 18th, 2011 (the “Effective Date”), 
 between 

AZUL LINHAS AÉREAS BRASILEIRAS S/A, 
 a company
incorporated under the laws of Brazil, the registered office of which is located at Alameda Surubiju, 2010 – Alphaville Industrial, Barueri, Sao Paulo, Brazil, 

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

on the one part, 
 and 

AVIONS DE TRANSPORT REGIONAL, G.I.E., 
 a French
Groupement d’Intérêt Economique established under articles L.251-1 to L251-23 of the French Commercial Code, whose registered office is at 1 Allée Pierre-Nadot, 31712 Blagnac, France, identified under Corporate and Trade
Register of Toulouse number 323 932 236, 
 hereafter referred to as the “Provider” or “ATR”, 

on the other part, 
 Collectively referred to as
the “Parties” and individually to as a “Party”, 
 WHEREAS: 

 

	A)	The Company and the Provider entered into a global maintenance agreement dated December 24th, 2010 (as amended and supplemented from time to time the
“Agreement”) for the purpose of facilitating operational support tasks as well as scheduled and unscheduled maintenance; 

  

	B)	The Parties amended the Agreement through Amendment N°1 on May 20th, 2011, 

 

	C)	The Parties amended the Agreement through Amendment N°2 on July 29th, 2011, 

 

	D)	The Parties wish to amend certain provisions of the Agreement upon the terms and conditions set out below. 

  
  

					
	Global Maintenance Agreement	  	 Amendment No3 

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 Execution Version
	  	October 18th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

 NOW THEREFORE, IT IS HEREBY AGREED as follows: 

 

	1	MODIFICATIONS 

 Each of the Parties hereto agrees to amend the Agreement as follows: 

1.1 Deletion of Clause 10.8 – Maintenance Provisions refundable at termination of the Agreement 

Clause 10.8 of the Agreement shall be deleted. 
 1.2
Modification of Clause 12.1.2 – INVOICING AND PAYMENT TERMS 
 Clause 12.1.2 of the Agreement shall be deleted and substituted by the following:

 “ 
 12.1.2 As from the twelfth (12th) Month from Start Date 
  

	 	(i)	[*****] 

  

	 	(ii)	[*****] 

  

	 	(iii)	[*****] 

  

	 	(iv)	[*****] 

  

	 	(v)	[*****] 

  

	 	(vi)	[*****] 

  

	 	(vii)	[*****] 

  

	 	(viii)	[*****] 

  

	 	(ix)	[*****] 

 ” 

1.3 Modification of Clause 12.1.3 – INVOICING AND PAYMENT TERMS 

Clause 12.1.3 of the Agreement shall be deleted. 

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

  
  

					
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 CONFIDENTIAL TREATMENT REQUESTED 

 

 1.4 Modification of Clause 13.1 – SECURITY DEPOSIT 

Clause 13.1 (b) of the Agreement shall be deleted and substituted by the following: 

“ 
 (b) as from the date of delivery of the
first Aircraft of the Final Fleet, the aggregate of: 
  

	 	(i)	[*****] of Services provided to the Company by the Provider for the first [*****] aircraft of Final Fleet, calculated as per above Clauses 10 and Clause 12.1.3, i.e. [*****] 

 

	 	(ii)	[*****] of the Stock value at the date of integration in this Agreement of the first aircraft of the Final Fleet, i.e. [*****], such amount shall be accordingly adjusted to Stock change as set in Exhibit 10,

 ” 
 Clause 13.1 (c) shall be
inserted in the Agreement: 
 “ 
 (c) a
new Security Deposit value shall be agreed as from the date of delivery of the ninth Aircraft of the Final Fleet. 
 ” 

1.5 Modification of Exhibit 1 – LIST OF ATR AIRCRAFT COVERED UNDER THIS AGREEMENT 

Exhibit 1 of the Agreement shall be deleted and replaced in its entirety by the Exhibit 1-A1 attached hereto and any reference to Exhibit 1 in the Agreement
shall be construed as reference to the Exhibit 1-A1 attached. 
 1.6 Modification of Exhibit 3 – STOCK 

Exhibit 3-A2 of the Agreement shall be deleted and replaced in its entirety by the Exhibit 3-A3 attached hereto and any reference to Exhibit 3 in the
Agreement shall be construed as reference to the Exhibit 3-A3 attached. 
 1.7 Modification of Exhibit 4 – LRU(s) AVAILABLE FOR REPAIR AND
STANDARD EXCHANGE SERVICES 
 Exhibit 4-A1 of the Agreement shall be deleted and replaced in its entirety by the Exhibit 4-A2 attached hereto and any
reference to Exhibit 4 in the Agreement shall be construed as reference to the Exhibit 4-A2 attached. 
 1.8 Modification of Exhibit 10 – LEASE
STOCK Clause 2 
 Clause 2.4 of Exhibit 10 of the Agreement shall be deleted and substituted by the following: 

“ 
  

	2.4	The Stock total value of Exhibit 3 list, under economic conditions 2011, shall be: 

  

	 	•	 	[*****] and 

 ” 

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3 

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	  	 October 18th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Clause 2.5 of Exhibit 10 of the Agreement shall be deleted and substituted by the following: 

“ 
  

	2.5	The Stock total value of Exhibit 7 list, under economic conditions 2011, shall be: 

  

	 	•	 	[*****], and 

 For the sake of clarity the Stock total value is the sum of the Stock total value
of Exhibit 3 list and the Stock total value of Exhibit 7 list, such aggregate amount being equal to [*****]. 
 ” 

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3 

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	2	EFFECTIVE DATE 

 This Amendment N°3 shall come into full force and effect as from the Effective Date.

  

	3	MISCELLANEOUS 

  

	3.1	In case of any inconsistency with the Agreement and this Amendment, the latter shall prevail. 

  

	3.2	This Amendment contains the entire agreement between the Parties and supersede any previous understandings, commitments and/or representations whatsoever oral or written. 

 

	3.3	This Amendment shall not be modified or varied except by an instrument in writing executed by both Parties. 

  

	3.4	Except as expressly set out in this Amendment, all of the provisions of the Agreement remain valid and binding. 

  

	3.5	This Amendment shall be governed by and construed in accordance with the laws of New York. 

  
  

					
	Global Maintenance Agreement	  	 Amendment No3 

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 Execution Page 

This Amendment N°3 has been executed in two (2) original copies in the English language. 

 

							
	For and on behalf of:	 	For and on behalf of:
		
	AZUL	 	AVIONS DE TRANSPORT REGIONAL
	(Company)	 	(Provider)
				
	Name:	 	Gerald B. Lee	 	Name:	 	Luigi Mollo
	Title:	 	Attorney – In – Fact	 	Title: 	 	Vice President Commercial
		 		 		 	ATR Customer Services
				
	Date:	 		 	Date: 	 	18/10/11
		
	Signature: /s/ Gerald B. Lee	 	Signature: /s/ Luigi Mollo

  
  

					
	Global Maintenance Agreement	  	 Amendment No3 

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 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 1-A1-LIST OF ATR AIRCRAFT COVERED UNDER THIS AGREEMENT 

[*****] 
 Part Number of each assembly and subcomponent shall be
provided by the Company. 

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

  
  

					
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 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 3-A3 - STOCK 

The following Exhibit 3-A3 is composed of six (6) pages. 

First List for both interim Fleet and Final Fleet contains [*****] part numbers. 

Second List specific for New Fleet contains [*****] part numbers. 

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3 

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 CONFIDENTIAL TREATMENT REQUESTED 

 

					
	 [*****]
	  	 Description
	  	 [*****]

	 [*****]
	  	CONTROLLER-MANUAL	  	[*****]
	 [*****]
	  	COOLING UNIT	  	[*****]
	 [*****]
	  	EXCHANGER-HEAT, DUAL	  	[*****]
	 [*****]
	  	INDICATOR-CAB PRESS	  	[*****]
	 [*****]
	  	VALVE-PACK FLOW CONTROL	  	[*****]
	 [*****]
	  	VALVE-PNEUMATIC OUTFLOW	  	[*****]
	 [*****]
	  	VALVE-TRIM AIR	  	[*****]
	 [*****]
	  	VALVE-TURBINE INLET CONTROL	  	[*****]
	 [*****]
	  	ACTUATOR-AP	  	[*****]
	 [*****]
	  	ADVISORY DISPLAY UNIT-AFCS	  	[*****]
	 [*****]
	  	COMPUTER-AFCS	  	[*****]
	 [*****]
	  	CONTROL PANEL-AFCS	  	[*****]
	 [*****]
	  	AMPLIFIER-HF POWER	  	[*****]
	 [*****]
	  	AMPLIFIER-PASSENGER ADDRESS	  	[*****]
	 [*****]
	  	AUDIO CONTROL PANEL	  	[*****]
	 [*****]
	  	CONTROL UNIT-VHF	  	[*****]
	 [*****]
	  	CONTROL UNIT-VHF	  	[*****]
	 [*****]
	  	CONTROL UNIT-VHF	  	[*****]
	 [*****]
	  	COUPLER HF ANTENNA	  	[*****]
	 [*****]
	  	COUPLER HF ANTENNA	  	[*****]
	 [*****]
	  	CVR-SOLID STATE	  	[*****]
	 [*****]
	  	HANDSET-CABIN ATTENDANT	  	[*****]
	 [*****]
	  	HANDSET-CABIN ATTENDANT	  	[*****]
	 [*****]
	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	 [*****]
	  	TRANSCEIVER-HF	  	[*****]
	 [*****]
	  	TRANSCEIVER-HF	  	[*****]
	 [*****]
	  	TRANSCEIVER-VHF	  	[*****]
	 [*****]
	  	TRANSCEIVER-VHF	  	[*****]
	 [*****]
	  	CONTROL UNIT-BUS POWER, AC	  	[*****]
	 [*****]
	  	CONTROL UNIT-BUS POWER, DC	  	[*****]
	 [*****]
	  	CONTROL UNIT-GENERATOR, AC	  	[*****]
	 [*****]
	  	CONTROL UNIT-GENERATOR, DC	  	[*****]
	 [*****]
	  	GENERATOR-AC	  	[*****]
			
	 [*****]
	  	INVERTER-STATIC	  	[*****]
	 [*****]
	  	SENSOR-HALL EFFECT	  	[*****]
	 [*****]
	  	STARTER GENERATOR-DC	  	[*****]
	 [*****]
	  	TRANSMITTER-EMERGENCY LOCATOR	  	[*****]
			
	 [*****]
	  	TRANSMITTER-EMERGENCY LOCATOR	  	[*****]
	 [*****]
	  	DETECTOR-SMOKE	  	[*****]
	 [*****]
	  	ACTUATOR-TRIM	  	[*****]
	 [*****]
	  	INDICATOR-FLAP POSITION	  	[*****]
	 [*****]
	  	INDICATOR-TRIM POSITION	  	[*****]
	 [*****]
	  	VALVE BLOCK-FLAP	  	[*****]
	 [*****]
	  	VALVE BLOCK-SPOILER	  	[*****]
	 [*****]
	  	INDICATOR-FUEL QUANTITY REPEATER, KG	  	[*****]
	 [*****]
	  	INDICATOR-FUEL QUANTITY, KG	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3 

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 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	PUMP-FUEL ELECTRIC	  	[*****]
	[*****]	  	PUMP-ELECTRIC, AUXILIARY, DC	  	[*****]
	[*****]	  	DETECTOR-ICE	  	[*****]
	[*****]	  	VALVE-ANTI ICING PRESS REGULATOR AND SHU	  	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	[*****]	  	CLOCK	  	[*****]
	[*****]	  	CLOCK	  	[*****]
	[*****]	  	ENTRY PANEL-FLIGHT DATA	  	[*****]
	[*****]	  	FLIGHT DATA ACQUISITION UNIT	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	PANEL-CREW ALERTING	  	[*****]
	[*****]	  	PROBE-CCAS ALPHA	  	[*****]
	[*****]	  	SOLID STATE FLIGHT DATA RECORDER	  	[*****]
	[*****]	  	BOX-UPLOCK	  	[*****]
	[*****]	  	CONTROL UNIT-ANTISKID SYSTEM	  	[*****]
	[*****]	  	LEVER-CONTROL, L/G	  	[*****]
	[*****]	  	SENSOR-WHEEL SPEED	  	[*****]
	[*****]	  	VALVE-SELECTOR, SWIVEL	  	[*****]
	[*****]	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	[*****]	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	[*****]	  	LIGHT-ANTI COLLISION, WHITE	  	[*****]
	[*****]	  	LIGHT-ANTI COLLISION, WHITE	  	[*****]
	[*****]	  	LIGHT-LANDING	  	[*****]
	[*****]	  	LIGHT-STROBE	  	[*****]
	[*****]	  	POWER SUPPLY UNIT-STROBE LIGHT	  	[*****]
	[*****]	  	POWER SUPPLY-UNIT ANTI COLLISION LIGHT	  	[*****]
	[*****]	  	AIR DATA COMPUTER	  	[*****]
	[*****]	  	AIR DATA COMPUTER	  	[*****]
	[*****]	  	ALTIMETER	  	[*****]
	[*****]	  	ALTIMETER-STANDBY, MILLIBARS	  	[*****]
	[*****]	  	CONTROL BOX-WEATHER RADAR	  	[*****]
	[*****]	  	CONTROL PANEL-EFS	  	[*****]
	[*****]	  	CONTROL UNIT-ADF	  	[*****]
	[*****]	  	CONTROL UNIT-DUAL ATC	  	[*****]
	[*****]	  	CONTROL UNIT-DUAL ATC	  	[*****]
	[*****]	  	CONTROL UNIT-TCAS	  	[*****]
	[*****]	  	CONTROL UNIT-VOR/JLS/DME	  	[*****]
	[*****]	  	DISPLAY UNIT-EFIS	  	[*****]
	[*****]	  	GROUND PROXIMITY WARNING COMPUTER	  	[*****]
	[*****]	  	INDICATOR-AIRSPEED	  	[*****]
	[*****]	  	INDICATOR-AIRSPEED, STANDBY	  	[*****]
	[*****]	  	INDICATOR-DME	  	[*****]
	[*****]	  	INDICATOR-RADIO MAGNETIC	  	[*****]
	[*****]	  	INDICATOR-STANDBY HORIZON	  	[*****]
	[*****]	  	INDICATOR-TAS/TEMP	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3 

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 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	 [*****]
	  	INDICATOR-VERTICAL SPEED	  	[*****]
	 [*****]
	  	PROBE-PITOT	  	[*****]
	 [*****]
	  	RECEIVER-ADF	  	[*****]
	 [*****]
	  	RECEIVER-VOR/ILS/MKR	  	[*****]
	 [*****]
	  	REFERENCE UNIT-ATTITUDE AND HEADING	  	[*****]
	 [*****]
	  	SYMBOL GENERATOR UNIT	  	[*****]
	 [*****]
	  	TRANSCEIVER-RADIO ALTIMETER	  	[*****]
	 [*****]
	  	TRANSCEIVER-TCAS	  	[*****]
	 [*****]
	  	VALVE-FLUX	  	[*****]
	 [*****]
	  	TRANSMITTER/REGULATOR - OXYGEN PRESS	  	[*****]
	 [*****]
	  	DUCT-DISCHARGE DOWNSTREAM VALVE	  	[*****]
	 [*****]
	  	VALVE ASSY-SHUTOFF	  	[*****]
	 [*****]
	  	VALVE-HP AIR BLEED	  	[*****]
	 [*****]
	  	VALVE-HP AIR BLEED	  	[*****]
	 [*****]
	  	VALVE-XFEED, AIR BLEED	  	[*****]
	 [*****]
	  	BLADE AND PIN ASSY	  	[*****]
	 [*****]
	  	BRUSH BLOCK ASSY	  	[*****]
	 [*****]
	  	CONTROL ELECTRONIC-PROPELLER	  	[*****]
	 [*****]
	  	CONTROL UNIT-PROPELLER	  	[*****]
	 [*****]
	  	CONTROL UNIT-PROPELLER	  	[*****]
	 [*****]
	  	INDICATOR-NP, PROPELLER	  	[*****]
	 [*****]
	  	PROPELLER-SERVO VALVE	  	[*****]
	 [*****]
	  	PUMP-PROPELLER FEATHERING	  	[*****]
	 [*****]
	  	SWITCH-PRESSURE, HYDRAULIC	  	[*****]
	 [*****]
	  	PIPE-EXHAUST	  	[*****]
	 [*****]
	  	INDICATOR-FUEL FLOW/FUEL USED, KG	  	[*****]
	 [*****]
	  	INDICATOR-FUEL TEMPERATURE	  	[*****]
	 [*****]
	  	TRANSMITTER-FUEL FLOW	  	[*****]
	 [*****]
	  	PUSH-PULL CABLE-PROPELLER POWER	  	[*****]
	 [*****]
	  	INDICATOR-ITT	  	[*****]
	 [*****]
	  	INDICATOR-NH	  	[*****]
	 [*****]
	  	INDICATOR-TORQUE	  	[*****]
	 [*****]
	  	ACTUATOR-OIL COOLER FLAP	  	[*****]
	 [*****]
	  	COOLER-OIL	  	[*****]
	 [*****]
	  	INDICATOR-OIL TEMP/PRESS	  	[*****]
	 [*****]
	  	ELECTRONIC ENGINE CONTROL UNIT	  	[*****]
	 [*****]
	  	ELECTRONIC ENGINE CONTROL UNIT	  	[*****]
	 [*****]
	  	BRAKE, PROPELLER	  	[*****]
	 [*****]
	  	CONTROL, AUTOFEATHER	  	[*****]
	 [*****]
	  	EXCITER - IGNITION I.C.	  	[*****]
	 [*****]
	  	EJECTOR, FUEL WASTE	  	[*****]
	 [*****]
	  	SENSOR TORQUE METER	  	[*****]
	 [*****]
	  	VALVE ASSY, INTERCOMPRESS BLEED	  	[*****]
	 [*****]
	  	COOLER - OIL	  	[*****]
	 [*****]
	  	FLOW DIVIDER & DUMP VALVE	  	[*****]
	 [*****]
	  	SERVO VALVE	  	[*****]
	 [*****]
	  	VALVE INTERCOMPRESSOR BLEED	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3

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 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	 [*****]
	  	FCU HEATER	  	[*****]
	 [*****]
	  	FCU-HYDRO MECHANICAL	  	[*****]
	 [*****]
	  	FUEL PUMP	  	[*****]
	 [*****]
	  	GOVERNOR-PROPELLER OVERSPEED	  	[*****]
	 [*****]
	  	PUMP GOVERNOR-PROPELLER OVERSPEED	  	[*****]
	 [*****]
	  	GOVERNOR-PROPELLER OVERSPEED	  	[*****]
	 [*****]
	  	PUMP GOVERNOR-PROPELLER OVERSPEED	  	[*****]
		  		  	  

	 [*****]
	  	 Total
	  	[*****]

 *: EC2O11 

Second List specific for New Fleet 
  

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

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

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3

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	  	October 18th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3

15 of 28
 Execution Version
	  	October 18th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

	 [*****]
	  	 TOTAL
	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3

16 of 28
 Execution Version
	  	October 18th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 4-A2 — LRU(s) AVAILABLE FOR REPAIR AND STANDARD 

EXCHANGE SERVICES 
 The following Exhibit
4-A2 is composed of eleven (11) pages. 
 First List specific for Interim Fleet contains [*****] part numbers. 

Second List specific for New Fleet contains [*****] part numbers. 

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3

17 of 28
 Execution Version
	  	October 18th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

 Interim Fleet list 
  

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

	 [*****]
	  	CONDENSER	  	 [*****]

	 [*****]
	  	CONTROLLER-DIGITAL	  	 [*****]

	 [*****]
	  	CONTROLLER-MANUAL	  	 [*****]

	 [*****]
	  	CONTROLLER-TEMPERATURE	  	 [*****]

	 [*****]
	  	COOLING UNIT	  	 [*****]

	 [*****]
	  	EXCHANGER-HEAT, DUAL	  	 [*****]

	 [*****]
	  	EXTRACTOR-WATER	  	 [*****]

	 [*****]
	  	FAN-AIR EXTRACTION	  	 [*****]

	 [*****]
	  	FAN-AIR EXTRACTION	  	 [*****]

	 [*****]
	  	FAN-GASPER	  	 [*****]

	 [*****]
	  	FAN-GROUND COOLING	  	 [*****]

	 [*****]
	  	FAN-GROUND COOLING	  	 [*****]

	 [*****]
	  	FAN-RECIRCULATION	  	 [*****]

	 [*****]
	  	INDICATOR-CAB PRESS	  	 [*****]

	 [*****]
	  	INDICATOR-COMPT/DUCT TEMP	  	 [*****]

	 [*****]
	  	REGULATOR-PRESSURE	  	 [*****]

	 [*****]
	  	SELECTOR-TEMPERATURE	  	 [*****]

	 [*****]
	  	SWITCH-OVERTEMPERATURE	  	 [*****]

	 [*****]
	  	VALVE CHECK-AIR BLEED	  	 [*****]

	 [*****]
	  	VALVE-CHECK	  	 [*****]

	 [*****]
	  	VALVE-CHECK, ECS DISTRIBUTION	  	 [*****]

	 [*****]
	  	VALVE-ELECTROPNEUMATIC OUTFLOW	  	 [*****]

	 [*****]
	  	VALVE-HOT BYPASS	  	 [*****]

	 [*****]
	  	VALVE-OVERBOARD VENTILATION	  	 [*****]

	 [*****]
	  	VALVE-PACK FLOW CONTROL	  	 [*****]

	 [*****]
	  	VALVE-PNEUMATIC OUTFLOW	  	 [*****]

	 [*****]
	  	VALVE-SHUTOFF TURBOFAN	  	 [*****]

	 [*****]
	  	VALVE-TRIM AIR	  	 [*****]

	 [*****]
	  	VALVE-TRIM AIR	  	 [*****]

	 [*****]
	  	VALVE-TURBINE INLET CONTROL	  	 [*****]

	 [*****]
	  	VALVE-UNDERFLOOR INSOL/VENT	  	 [*****]

	 [*****]
	  	VALVE-UNDERFLOOR ISOL/VENT	  	 [*****]

	 [*****]
	  	ACTUATOR-AP	  	 [*****]

	 [*****]
	  	ADVISORY DISPLAY UNIT-AFCS	  	 [*****]

	 [*****]
	  	COMPUTER-AFCS	  	 [*****]

	 [*****]
	  	CONTROL PANEL-AFCS	  	 [*****]

	 [*****]
	  	ROD-DYNAMOMETRIC, ELEVATOR	  	 [*****]

	 [*****]
	  	ROD-DYNAMOMETRIC, RUDDER	  	 [*****]

	 [*****]
	  	AMPLIFIER-HF POWER	  	 [*****]

	 [*****]
	  	AMPLIFIER-PASSENGER ADDRESS	  	 [*****]

	 [*****]
	  	AUDIO CONTROL PANEL	  	 [*****]

	 [*****]
	  	CONTROL UNIT-CVR	  	 [*****]

	 [*****]
	  	CONTROL UNIT-HF	  	 [*****]

	 [*****]
	  	CONTROL UNIT-HF	  	 [*****]

	 [*****]
	  	CONTROL UNIT-VHF	  	 [*****]

	 [*****]
	  	CONTROL UNIT-VHF	  	 [*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3

18 of 28
 Execution Version
	  	October 18th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	 [*****]
	  	CONTROL UNIT-VHF	  	 [*****]

	 [*****]
	  	COUPLER HF ANTENNA	  	 [*****]

	 [*****]
	  	COUPLER HF ANTENNA	  	 [*****]

	 [*****]
	  	COUPLER HF ANTENNA	  	 [*****]

	 [*****]
	  	CVR-SOLID STATE	  	 [*****]

	 [*****]
	  	DECODER-SELCAL	  	 [*****]

	 [*****]
	  	HANDSET-CABIN ATTENDANT	  	 [*****]

	 [*****]
	  	HANDSET-CABIN ATTENDANT	  	 [*****]

	 [*****]
	  	REMOTE CONTROL AUDIO UNIT	  	 [*****]

	 [*****]
	  	SELECTION PANEL-SELCAL CODE	  	 [*****]

	 [*****]
	  	TRANSCEIVER-HF	  	 [*****]

	 [*****]
	  	TRANSCEIVER-HF	  	 [*****]

	 [*****]
	  	TRANSCEIVER-VHF	  	 [*****]

	 [*****]
	  	TRANSCEIVER-VHF	  	 [*****]

	 [*****]
	  	AMMETER-BATTERY CH/DISCH	  	 [*****]

	 [*****]
	  	CONTACTOR-ACW	  	 [*****]

	 [*****]
	  	CONTROL UNIT-BUS POWER, AC	  	 [*****]

	 [*****]
	  	CONTROL UNIT-BUS POWER, DC	  	 [*****]

	 [*****]
	  	CONTROL UNIT-GENERATOR, AC	  	 [*****]

	 [*****]
	  	CONTROL UNIT-GENERATOR, DC	  	 [*****]

	 [*****]
	  	GENERATOR-AC	  	 [*****]

	 [*****]
	  	INVERTER-STATIC	  	 [*****]

	 [*****]
	  	PANEL-AC/DC PARAMETER MEASURING	  	 [*****]

	 [*****]
	  	RELAY	  	 [*****]

	 [*****]
	  	RELAY	  	 [*****]

	 [*****]
	  	SENSOR-HALL EFFECT	  	 [*****] 

	 [*****]
	  	STARTER GENERATOR-DC	  	 [*****]

	 [*****]
	  	TRANSFORMER RECTIFIER UNIT	  	 [*****] 

	 [*****] 
	  	TRANSFORMER-GROUND POWER CURRENT, AC	  	 [*****] 

	 [*****]
	  	TOILET-PSU	  	 [*****]

	 [*****]
	  	TRANSMITTER-EMERGENCY LOCATOR	  	 [*****] 

	 [*****]
	  	TRANSMITTER-EMERGENCY LOCATOR	  	 [*****]

	 [*****]
	  	CONTROL BOX-SMOKE DETECTION FAN	  	 [*****] 

	 [*****] 
	  	CONTROL BOX-SMOKE DETECTION FAN	  	 [*****] 

	 [*****]
	  	DETECTOR UNIT	  	 [*****]

	 [*****]
	  	DETECTOR UNIT-ENGINE OVERHEAT	  	 [*****]

	 [*****]
	  	DETECTOR-SMOKE	  	 [*****]

	 [*****]
	  	DETECTOR-SMOKE	  	 [*****]

	 [*****]
	  	DETECTOR-SMOKE	  	 [*****]

	 [*****]
	  	HANDLE-ENG1 FIRE	  	 [*****]

	 [*****]
	  	HANDLE-ENG2 FIRE	  	 [*****]

	 [*****]
	  	ACTUATOR-ELEVATOR	  	 [*****] 

	 [*****]
	  	ACTUATOR-FLAP	  	 [*****]

	 [*****]
	  	ACTUATOR-FLAP	  	 [*****]

	 [*****]
	  	ACTUATOR-FLAP	  	 [*****]

	 [*****]
	  	ACTUATOR-SPOILER	  	 [*****]

	 [*****] 
	  	ACTUATOR-STICK PUSHER	  	 [*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3

19 of 28
 Execution Version
	  	October 18th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	 [*****]
	  	ACTUATOR-TRIM	  	 [*****]

	 [*****]
	  	AILERON GUST-LOCK ACTUATOR	  	 [*****]

	 [*****]
	  	CABLE-TENSION REGULATOR	  	 [*****]

	 [*****]
	  	CENTERING UNIT-RELEASABLE	  	 [*****]

	 [*****]
	  	DAMPER-RUDDER	  	 [*****]

	 [*****]
	  	INDICATOR-FLAP POSITION	  	 [*****]

	 [*****]
	  	INDICATOR-TRIM POSITION	  	 [*****]

	 [*****]
	  	RESTRICTOR-FLAP VALVE BLOCK FLOW, EXTN LI	  	 [*****]

	 [*****]
	  	SHAKER-STICK	  	 [*****]

	 [*****]
	  	SWITCH UNIT-FLAP CONTROL	  	 [*****]

	 [*****]
	  	SWITCH UNIT-FLAP CONTROL	  	 [*****]

	 [*****]
	  	VALVE BLOCK-FLAP	  	 [*****]

	 [*****]
	  	VALVE BLOCK-SPOILER	  	 [*****]

	 [*****]
	  	ACTUATOR-FUEL CROSSFEED VALVE	  	 [*****] 

	 [*****] 
	  	ACTUATOR-FUEL LP VALVE	  	 [*****] 

	 [*****] 
	  	CANISTER-ELECTRIC PUMP	  	 [*****] 

	 [*****]
	  	CLINOMETER-ROLL ATTITUDE	  	 [*****] 

	 [*****]
	  	COUPLING-REFUEL/DEFUEL	  	 [*****]

	 [*****] 
	  	INDICATOR-FUEL QUANTITY REPEATER, KG	  	 [*****] 

	 [*****]
	  	INDICATOR-FUEL QUANTITY, KG	  	 [*****] 

	 [*****]
	  	INDICATOR-FUEL TEMP, TANK	  	 [*****] 

	 [*****]
	  	JET PUMP-ENGINE FEED	  	 [*****]

	 [*****]
	  	JET PUMP-ENGINE FEED	  	 [*****]

	 [*****]
	  	JET PUMP-FEEDER TANK	  	 [*****]

	 [*****]
	  	JET PUMP-FEEDER TANK	  	 [*****]

	 [*****]
	  	PRESELECTOR-FUEL QUANTITY, KG	  	 [*****]

	 [*****]
	  	PUMP-FUEL ELECTRIC	  	 [*****]

	 [*****]
	  	VALVE-CROSSFEED	  	 [*****]

	 [*****]
	  	VALVE-FUEL LP	  	 [*****]

	 [*****]
	  	VALVE-FUEL MOTIVE FLOW	  	 [*****] 

	 [*****]
	  	VALVE-REFUEL/DEFUEL	  	 [*****]

	 [*****]
	  	ACCUMULATOR-LINE	  	 [*****]

	 [*****]
	  	INDICATOR LEVEL SWITCH	  	 [*****] 

	 [*****] 
	  	INDICRTOR-PRESSURE, TRIPLE	  	 [*****] 

	 [*****]
	  	MODULE-PRESSURE	  	 [*****]

	 [*****]
	  	PUMP-ELECTRIC, AC	  	 [*****]

	 [*****]
	  	PUMP-ELECTRIC, AUXILIARY, DC	  	 [*****] 

	 [*****]
	  	RESERVOIR-HYDRAULIC	  	 [*****]

	 [*****]
	  	CONTROLLER-DE ICING, STANDBY	  	 [*****]

	 [*****]
	  	CONTROLLER-HORN ANTI ICING	  	 [*****] 

	 [*****]
	  	CONTROLLER-WINDSHIELD TEMPERATURE	  	 [*****]

	 [*****]
	  	DETECTOR-ICE	  	 [*****]

	 [*****]
	  	HEATER-DUAL DISTRIBUTOR VALVE	  	 [*****]

	 [*****]
	  	MOTOR-WIPER. CARTAIN	  	 [*****]

	 [*****]
	  	MOTOR-WIPER, F/O	  	 [*****]

	 [*****]
	  	RESISTOR-HORN ANTI ICING, LH AILERON	  	 [*****]

	 [*****]
	  	RESISTOR-HORN ANTI IC1NG, LH ELEVATOR	  	 [*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3

20 of 28
 Execution Version
	  	October 18th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	 [*****]
	  	RESISTOR-HORN ANTI ICING, RH AILERON	  	 [*****]

	 [*****]
	  	RESISTOR-HORN ANTI-ICING, RH ELEVATOR	  	 [*****]

	 [*****]
	  	RESISTOR-HORN ANTI-ICING, RUDDER	  	 [*****]

	 [*****]
	  	SEPARATOR-WATER	  	 [*****]

	 [*****]
	  	VALVE-ANTI ICING PRESS REGULATOR AND SHU	  	 [*****]

	 [*****]
	  	VALVE-ANTI ICING SHUTOFF	  	 [*****]

	 [*****]
	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	 [*****]

	 [*****]
	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	 [*****]

	 [*****]
	  	ACCELEROMETER-THREE AXIS	  	 [*****]

	 [*****] 
	  	CLOCK	  	 [*****] 

	 [*****]
	  	CLOCK	  	 [*****]

	 [*****]
	  	ENTRY PANEL-FLIGHT DATA	  	 [*****]

	 [*****]
	  	FLIGHT DATA ACQUISITION UNIT	  	 [*****]

	 [*****]
	  	INTERFACE UNIT AIRCRAFT PERFORMANCE (APIU)	  	 [*****]

	 [*****]
	  	MULTIFUNCTION COMPUTER	  	 [*****]

	 [*****]
	  	MULTIFUNCTION COMPUTER	  	 [*****]

	 [*****]
	  	MULTIFUNCTION COMPUTER	  	 [*****]

	 [*****] 
	  	PANEL-ATTENDANT	  	 [*****] 

	 [*****]
	  	PANEL-CREW ALERTING	  	 [*****]

	 [*****]
	  	PROBE-CCAS ALPHA	  	 [*****]

	 [*****]
	  	QUICK ACCESS RECORDER	  	 [*****]

	 [*****]
	  	SOLID STATE FLIGHT DATA RECORDER	  	 [*****]

	 [*****]
	  	TRANSMITTER-POSITION SYNCHRO	  	 [*****]

	 [*****]
	  	ABSORBER-SHOCK	  	 [*****]

	 [*****]
	  	ACCUMULATOR-PARKING	  	 [*****]

	 [*****]
	  	BOX-UPLOCK	  	 [*****]

	 [*****]
	  	CONTROL UNIT-ANTISKID SYSTEM	  	 [*****]

	 [*****]
	  	CYLINDER-MASTER	  	 [*****]

	 [*****]
	  	LEVER-CONTROL, L/G	  	 [*****]

	 [*****]
	  	MODULE-ANTISKID	  	 [*****]

	 [*****]
	  	RESERVOIR-BRAKE	  	 [*****]

	 [*****]
	  	SENSOR-WHEEL SPEED	  	 [*****]

	 [*****]
	  	VALVE-BRAKE	  	 [*****]

	 [*****]
	  	VALVE-BRAKE	  	 [*****]

	 [*****]
	  	VALVE-DIFFERENTIAL CONTROL SELECTOR	  	 [*****]

	 [*****]
	  	VALVE-PARKING	  	 [*****]

	 [*****]
	  	VALVE-RELIEF, LOW PRESSURE	  	 [*****]

	 [*****] 
	  	VALVE-SELECTOR, LG	  	 [*****] 

	 [*****]
	  	VALVE-SELECTOR, SWIVEL	  	 [*****] 

	 [*****] 
	  	VALVE-SOLENOID, N/W STEERING	  	 [*****]

	 [*****]
	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	 [*****]

	 [*****]
	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	 [*****]

	 [*****]
	  	LIGHT-ANTI COLLISION, WHITE	  	 [*****]

	 [*****]
	  	LIGHT-ANTICOLLISION, WHITE	  	 [*****]

	 [*****]
	  	LIGHT-LANDING	  	 [*****]

	 [*****]
	  	LIGHT-LOGO	  	 [*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3

21 of 28
 Execution Version
	  	October 18th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	 [*****]
	  	LIGHT-STROBE	  	 [*****]

	 [*****]
	  	LIGHT-WING AND ENGINE SCAN, LH	  	 [*****]

	 [*****]
	  	LIGHT-WING AND ENGINE SCAN, RH	  	 [*****]

	 [*****]
	  	POWER SUPPLY UNIT-STROBE LIGHT	  	 [*****]

	 [*****]
	  	POWER SUPPLY-UNIT ANTI COLLISION LIGHT	  	 [*****]

	 [*****]
	  	ADAPTER BOX, ADF/ATC	  	 [*****]

	 [*****]
	  	AIR DATA COMPUTER	  	 [*****]

	 [*****]
	  	AIR DATA COMPUTER	  	 [*****]

	 [*****]
	  	ALTIMETER	  	 [*****]

	 [*****] 
	  	ALTIMETER-STANDBY, MILLIBARS	  	 [*****] 

	 [*****]
	  	AMPLIFIER-AUDIO MIXER	  	 [*****]

	 [*****]
	  	ANTENNA-RADIO-ALTIMETER RECEPTION	  	 [*****]

	 [*****]
	  	AUXILIARY FLIGXT DATA ACQUISITION UNIT	  	 [*****]

	 [*****]
	  	COMPENSATOR-REMOTE MAGNETIC	  	 [*****]

	 [*****]
	  	CONTROL BOX-WEATHER RADAR	  	 [*****]

	 [*****]
	  	CONTROL PANEL-EFIS	  	 [*****]

	 [*****] 
	  	CONTROL PANEL-EFIS	  	 [*****] 

	 [*****]
	  	CONTROL UNIT-ADF	  	 [*****]

	 [*****]
	  	CONTROL UNIT-DUAL ATC	  	 [*****]

	 [*****]
	  	CONTROL UNIT-DUAL ATC	  	 [*****]

	 [*****]
	  	CONTROL UNIT-TCAS	  	 [*****]

	 [*****]
	  	CONTROL UNIT-VOR/ILS/DME	  	 [*****]

	 [*****]
	  	CONTROLLER-INSTRUMENT REMOTE	  	 [*****]

	 [*****]
	  	CONTROLLER-INSTRUMENT REMOTE	  	 [*****]

	 [*****]
	  	CONVERTER-ANALOG/DIGITAL	  	 [*****]

	 [*****]
	  	DISPLAY UNIT-EFIS	  	 [*****]

	 [*****]
	  	GROUND PROXIMITY WARNING COMPUTER	  	 [*****]

	 [*****]
	  	GROUND PROXIMITY WARNING COMPUTER	  	 [*****]

	 [*****]
	  	INDICATOR-AIRSPEED	  	 [*****]

	 [*****]
	  	INDICATOR-AIRSPEED, STANDBY	  	 [*****]

	 [*****]
	  	INDICATOR-DME	  	 [*****]

	 [*****]
	  	INDICATOR-RADIO MAGNETIC	  	 [*****]

	 [*****]
	  	INDICATOR-STANDBY HORIZON	  	 [*****]

	 [*****]
	  	INDICATOR-TAS/TEMP	  	 [*****]

	 [*****]
	  	INDICATOR-VERTICAL SPEED	  	 [*****]

	 [*****]
	  	INTERROGATOR-DME	  	 [*****]

	 [*****]
	  	MULTI5YSTEM CONTROL DISPLAY UNIT-GNSS	  	 [*****]

	 [*****] 
	  	PROBE-AIR TEMPERATURE	  	 [*****] 

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

	 [*****] 
	  	PROCESSOR UNIT-NAVIGATION (GNSS syst.)	  	 [*****] 

	 [*****]
	  	PROCESSOR UNIT-NAVIGATION	  	 [*****]

	 [*****]
	  	RECEIVER DISPLAY UNIT-GPS	  	 [*****]

	 [*****]
	  	RECEIVER-ADF	  	 [*****]

	 [*****]
	  	RECEIVER-VOR/ILS/MKR	  	 [*****]

	 [*****]
	  	REFERENCE UNIT-ATTITUDE AND HEADING	  	 [*****]

	 [*****]
	  	SYMBOL GENERATOR UNIT	  	 [*****]

	 [*****]
	  	TRANSCEIVER-RADIO ALTIMETER	  	 [*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3

22 of 28
 Execution Version
	  	October 18th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	 [*****]
	  	TRANSCEIVER-TCAS	  	 [*****]

	 [*****]
	  	TRANSCEIVER-TCAS	  	 [*****]

	 [*****]
	  	TRANSPONDER-ATC	  	 [*****]

	 [*****]
	  	TRANSPONDER-ATC	  	 [*****]

	 [*****]
	  	VALVE-FLUX	  	 [*****]

	 [*****]
	  	CYLINDER-OXYGEN (PORTABLE)	  	 [*****]

	 [*****]
	  	INDICATOR-OXYGEN HP	  	 [*****]

	 [*****]
	  	TRANSMITTER/REGULATOR -OXYGEN PRESS	  	 [*****]

	 [*****]
	  	VALVE-FEED STOP	  	 [*****]

	 [*****]
	  	CONTROLLER-AIR LEAK DETECTION	  	 [*****]

	 [*****]
	  	DUCT-DISCHARGE DOWNSTREAM VALVE	  	 [*****]

	 [*****]
	  	SWITCH-PRESSURE	  	 [*****]

	 [*****]
	  	VALVE ASSY-SHUTOFF	  	 [*****]

	 [*****]
	  	VALVE-HP AIR BLEED	  	 [*****]

	 [*****]
	  	VALVE-XFEED, AIR BLEED	  	 [*****]

			
	 [*****]
	  	VENTURI-HP	  	 [*****]

	 [*****] 
	  	ACTUATOR-CARGO DOOR	  	 [*****] 

	 [*****]
	  	CONTROL UNIT-ARMOURED COCKPIT DOOR	  	 [*****]

	 [*****]
	  	ACTUATOR-PNEUMATIC	  	 [*****]

	 [*****]
	  	BRUSH BLOCK ASSY	  	 [*****]

	 [*****]
	  	CONTROL ELECTRONIC-PROPELLER	  	 [*****]

	 [*****]
	  	CONTROL UNIT-PROPELLER	  	 [*****]

	 [*****]
	  	CONTROL UNIT-PROPELLER	  	 [*****]

	 [*****]
	  	CONTROL UNIT-PROPELLER	  	 [*****]

	 [*****]
	  	ELECTROVALVE	  	 [*****]

	 [*****]
	  	GOVERNOR-PROPELLER OVERSPEED	  	 [*****]

	 [*****]
	  	INDICATOR-NP, PROPELLER	  	 [*****]

	 [*****]
	  	INTERFACE UNIT-PROPELLER	  	 [*****]

	 [*****]
	  	PROPELLER-SERVO VALVE	  	 [*****]

	 [*****]
	  	PUMP GOVERNOR-PROPELLER OVERSPEED	  	 [*****]

	 [*****]
	  	PUMP-PROPELLER FEATHERING	  	 [*****]

	 [*****]
	  	PUSH-PULL CABLE-PROP CONDITION	  	 [*****]

	 [*****]
	  	SWITCH-PRESSURE, HYDRAULIC	  	 [*****]

	 [*****]
	  	SYNCHROPHASER-PROP	  	 [*****]

	 [*****]
	  	PIPE-EXHAUST	  	 [*****]

	 [*****]
	  	INDICATOR-FUEL FLOW/FUEL USED, KG	  	 [*****]

	 [*****]
	  	INDICATOR-FUEL TEMPERATURE	  	 [*****]

	 [*****] 
	  	TRANSMITTER-FUEL FLOW	  	 [*****] 

	 [*****]
	  	PUSH-PULL CABLE-PROPELLER POWER	  	 [*****]

	 [*****] 
	  	INDICATOR-ITT	  	 [*****] 

	 [*****]
	  	INDICATOR-NH	  	 [*****]

	 [*****]
	  	INDICATOR-TORQUE	  	 [*****]

	 [*****]
	  	ACTUATOR-OIL COOLER FLAP	  	 [*****]

	 [*****]
	  	COOLER-OIL	  	 [*****]

	 [*****]
	  	INDICATOR-OIL TEMP/PRESS	  	 [*****]

	 [*****]
	  	ELECTRONIC ENGINE CONTROL UNIT	  	 [*****]

	 [*****]
	  	BRAKE, PROPELLER	  	 [*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3

23 of 28
 Execution Version
	  	October 18th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	 [*****]
	  	CONTROL, AUTOFEATHER	  	 [*****]

	 [*****]
	  	EXCITER - IGNITION I.C.	  	 [*****]

	 [*****]
	  	EJECTOR, FUEL WASTE	  	 [*****]

	 [*****]
	  	SENSOR TORQUE METER	  	 [*****]

	 [*****]
	  	VALVE ASSY, 1NTERCOMPRESS BLEED	  	 [*****]

	 [*****]
	  	COOLER - OIL	  	 [*****]

	 [*****]
	  	FLOW DIVIDER & DUMP VALVE	  	 [*****]

	 [*****]
	  	SERVO VALVE	  	 [*****]

	 [*****]
	  	VALVE INTERCOMPRESSOR BLEED	  	 [*****]

	 [*****]
	  	FUEL HEATER	  	 [*****]

	 [*****]
	  	FCU-HYDRO MECHANICAL	  	 [*****]

	 [*****]
	  	FUEL PUMP	  	 [*****]

	 [*****]
	  	GOVERNOR-PROPELLER OVERSPEED	  	 [*****]

	 [*****]
	  	PUMP GOVERNOR-PROPELLER OVERSPEED	  	 [*****]

	 [*****]
	  	FLIGHT DATA ACQUISITION UNIT	  	 [*****]

	 [*****]
	  	AUXILIARY FLIGHT DATA ACQUISITION UNIT	  	 [*****]

	 [*****]
	  	GOVERNOR-PROPELLER OVERSPEED	  	 [*****]

 Final Fleet list 
  

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

	 [*****]
	  	CONDENSER	  	 [*****]

	 [*****]
	  	CONTROLLER-DIGITAL	  	 [*****]

	 [*****]
	  	CONTROLLER-TEMPERATURE	  	 [*****]

	 [*****]
	  	COOLING UNIT	  	 [*****]

	 [*****]
	  	EXCHANGER-HEAT. DUAL	  	 [*****]

	 [*****]
	  	EXTRACTOR-WATER	  	 [*****]

	 [*****]
	  	FAN-AIR EXTRACTION	  	 [*****]

	 [*****]
	  	FAN-GROUND COOLING	  	 [*****]

	 [*****]
	  	FAN-RECIRCULATION	  	 [*****]

	 [*****]
	  	INDICATOR-COMPT/DUCT TEMP	  	 [*****]

	 [*****]
	  	REGULATOR-PRESSURE	  	 [*****]

	 [*****]
	  	SELECTOR-TEMPERATURE	  	 [*****]

	 [*****]
	  	SWITCH-OVERTEMPERATURE	  	 [*****]

	 [*****]
	  	VALVE CHECK-AIR BLEED	  	 [*****]

	 [*****]
	  	VALVE-CHECK	  	 [*****]

	 [*****]
	  	VALVE-CHECK, ECS DISTRIBUTION	  	 [*****]

	 [*****]
	  	VALVE-ELECTROPNEUMATIC OUTFLOW	  	 [*****]

	 [*****]
	  	VALVE-HOT BYPASS	  	 [*****]

	 [*****]
	  	VALVE-OVERBOARD VENTILATION	  	 [*****]

	 [*****]
	  	VALVE-PACK FLOW CONTROL	  	 [*****]

	 [*****]
	  	VALVE-PNEUMATIC OUTFLOW	  	 [*****]

	 [*****]
	  	VALVE-SHUTOFF TURBOFAN	  	 [*****]

	 [*****]
	  	VALVE-TRIM AIR	  	 [*****]

	 [*****]
	  	VALVE-TURBINE INLET CONTROL	  	 [*****]

	 [*****]
	  	VALVE-UNDERFLOOR ISOL/VENT	  	 [*****]

	 [*****]
	  	AUTO PILOT CAPSTAN	  	 [*****]

	 [*****]
	  	AUTO PILOT SERVO-ACTUATOR	  	 [*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3

24 of 28
 Execution Version
	  	October 18th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	FLIGHT GUIDANCE CONTROL PANEL	  	[*****]
	[*****]	  	ROD-DYNAMOMETRIC, ELEVATOR	  	[*****]
	[*****]	  	ROD-DYNAMOMETRIC, RUDDER	  	[*****]
	[*****]	  	AMPLIFIER-PASSENGER ADDRESS	  	[*****]
	[*****]	  	AUDIO CONTROL PANEL	  	[*****]
	[*****]	  	CONTROL UNIT-CVR	  	[*****]
	[*****]	  	COUPLER HF ANTENNA	  	[*****]
	[*****]	  	CVR-SOLID STATE	  	[*****]
	[*****]	  	ECU-3000	  	[*****]
	[*****]	  	HANDSET-CABIN ATTENDANT	  	[*****]
	[*****]	  	MANAGEMENT UNIT-ACARS	  	[*****]
	[*****]	  	PLAYER-DIGITAL	  	[*****]
	[*****]	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	[*****]	  	TRANSCEIVER-HF	  	[*****]
	[*****]	  	VHF/COMM TRANSCEIVER	  	[*****]
	[*****]	  	VHF-4000-8,33 KHZ	  	[*****]
	[*****]	  	AMMETER-BATTERY CH/DISCH	  	[*****]
	[*****]	  	CONTACTOR-ACW	  	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER, AC	  	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER, DC	  	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR, AC	  	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR, DC	  	[*****]
	[*****]	  	GENERATOR-AC	  	[*****]
	[*****]	  	PANEL-AC/DC PARAMETER MEASURING	  	[*****]
	[*****]	  	SENSOR-HALL EFFECT	  	[*****]
	[*****]	  	STARTER GENERATOR-DC	  	[*****]
	[*****]	  	STATIC INVERTER	  	[*****]
	[*****]	  	TRANSFORMER RECTIFIER UNIT	  	[*****]
	[*****]	  	TRANSFORMER-GROUND POWER CURRENT, AC	  	[*****]
	[*****]	  	TOILET-PSU	  	[*****]
	[*****]	  	TRANSMITTER-EMERGENCY LOCATOR	  	[*****]
	[*****]	  	CONTROL BOX-SMOKE DETECTION FAN	  	[*****]
	[*****]	  	DETECTOR UNIT	  	[*****]
	[*****]	  	DETECTOR UNIT-ENGINE OVERHEAT	  	[*****]
	[*****]	  	DETECTOR-SMOKE	  	[*****]
	[*****]	  	DETECTOR-SMOKE	  	[*****]
	[*****]	  	DETECTOR-SMOKE	  	[*****]
	[*****]	  	HANDLE-ENG1 FIRE	  	[*****]
	[*****]	  	HANDLE-ENG2 FIRE	  	[*****]
	[*****]	  	ACTUATOR-ELEVATOR	  	[*****]
	[*****]	  	ACTUATOR-FLAP	  	[*****]
	[*****]	  	ACTUATOR-SPOILER	  	[*****]
	[*****]	  	ACTUATOR-STICK PUSHER	  	[*****]
	[*****]	  	ACTUATOR-TRIM	  	[*****]
	[*****]	  	AILERON GUST-LOCK ACTUATOR	  	[*****]
	[*****]	  	CABLE-TENSION REGULATOR	  	[*****]
	[*****]	  	CENTERING UNIT-RELEASABLE	  	[*****]
	[*****]	  	DAMPER-RUDDER	  	[*****]
	[*****]	  	POWER TRIM BOX	  	[*****]
	[*****]	  	RESTRICTOR-FLAP VLV BLOCK FLOW, EXTN LINE	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3

25 of 28
 Execution Version
	  	October 18th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	SHAKER-STICK	  	[*****]
	[*****]	  	SWITCH UNIT-FLAP CONTROL	  	[*****]
	[*****]	  	VALVE BLOCK-FLAP	  	[*****]
	[*****]	  	VALVE BLOCK-SPOILER	  	[*****]
	[*****]	  	ACTUATOR-FUEL CROSSFEED VALVE	  	[*****]
	[*****]	  	ACTUATOR-FUEL LP VALVE	  	[*****]
	[*****]	  	CANISTER-ELECTRIC PUMP	  	[*****]
	[*****]	  	CLINOMETER-ROLL ATTITUDE	  	[*****]
	[*****]	  	COUPLING-REFUEL/DEFUEL	  	[*****]
	[*****]	  	FUEL CONTROL UNIT	  	[*****]
	[*****]	  	REFUEL CONTROL PANEL	  	[*****]
	[*****]	  	JET PUMP-ENGINE FEED	  	[*****]
	[*****]	  	JET PUMP-FEEDER TANK	  	[*****]
	[*****]	  	PUMP-FUEL ELECTRIC	  	[*****]
	[*****]	  	VALVE-CROSSFEED	  	[*****]
	[*****]	  	VALVE-FUEL LP	  	[*****]
	[*****]	  	VALVE-FUEL MOTIVE FLOW	  	[*****]
	[*****]	  	VALVE-REFUEL/DEFUEL	  	[*****]
	[*****]	  	ACCUMULATOR-LINE	  	[*****]
	[*****]	  	INDICATOR LEVEL SWITCH	  	[*****]
	[*****]	  	MODULE-PRESSURE	  	[*****]
	[*****]	  	PUMP-ELECTRIC, AC	  	[*****]
	[*****]	  	PUMP-ELECTRIC, AUXILIARY, DC	  	[*****]
	[*****]	  	RESERVOIR-HYDRAULIC	  	[*****]
	[*****]	  	CONTROLLER-DE ICING, STANDBY	  	[*****]
	[*****]	  	CONTROLLER-HORN ANTI ICING	  	[*****]
	[*****]	  	CONTROLLER-WINDSHIELD TEMPERATURE	  	[*****]
	[*****]	  	DETECTOR-ICE	  	[*****]
	[*****]	  	MOTOR-WIPER, CAPTAIN	  	[*****]
	[*****]	  	MOTOR-WIPER, F/0	  	[*****]
	[*****]	  	RESISTOR-HORN ANTI ICING, LH AILERON	  	[*****]
	[*****]	  	RESISTOR-HORN ANTI ICING, LH ELEVATOR	  	[*****]
	[*****]	  	RESISTOR-HORN ANTI ICING, RH AILERON	  	[*****]
	[*****]	  	RESISTOR-HORN ANTI-ICING, RH ELEVATOR	  	[*****]
	[*****]	  	RESISTOR-HORN ANTI-ICING, RUDDER	  	[*****]
	[*****]	  	VALVE-ANTI ICING PRESS REG AND SHUTOFF	  	[*****]
	[*****]	  	VALVE-ANTI ICING SHUTOFF	  	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	[*****]	  	ACCELEROMETER-THREE AXIS	  	[*****]
	[*****]	  	ATTENDANT PANEL	  	[*****]
	[*****]	  	CLOCK	  	[*****]
	[*****]	  	DIGITAL FLIGHT DATA RECORDER	  	[*****]
	[*****]	  	EFIS CONTROL PANEL LH SIDE	  	[*****]
	[*****]	  	EFIS CONTROL PANEL RH SIDE	  	[*****]
	[*****]	  	INDEX CONTROL PANEL	  	[*****]
	[*****]	  	INTEGRATED AVIONICS DISPLAY	  	[*****]
	[*****]	  	MPC-ED36	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	MULTI-FUNCTION CONTROL PANEL	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3

26 of 28
 Execution Version
	  	October 18th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	MULTIPURPOSE CONTROL & DISPLAY UNIT	  	[*****]
	[*****]	  	PROBE-CCAS ALPHA	  	[*****]
	[*****]	  	ROD-DYNAMOMETRIC, ROLL	  	[*****]
	[*****]	  	TRANSMITTER-POSITION SYNCHRO	  	[*****]
	[*****]	  	ABSORBER-SHOCK	  	[*****]
	[*****]	  	ACCUMULATOR-PARKING	  	[*****]
	[*****]	  	BOX-UPLOCK	  	[*****]
	[*****]	  	CONTROL UNIT-ANTISKID SYSTEM	  	[*****]
	[*****]	  	CYLINDER-MASTER	  	[*****]
	[*****]	  	MODULE-ANTISKID	  	[*****]
	[*****]	  	RESERVOIR-BRAKE	  	[*****]
	[*****]	  	SENSOR-WHEEL SPEED	  	[*****]
	[*****]	  	VALVE-BRAKE	  	[*****]
	[*****]	  	VALVE-BRAKE	  	[*****]
	[*****]	  	VALVE-DIFFERENTIAL CONTROL SELECTOR	  	[*****]
	[*****]	  	VALVE-PARKING	  	[*****]
	[*****]	  	VALVE-RELIEF, LOW PRESSURE	  	[*****]
	[*****]	  	VALVE-SELECTOR, LG	  	[*****]
	[*****]	  	VALVE-SELECTOR, SWIVEL	  	[*****]
	[*****]	  	VALVE-SOLENOID, N/W STEERING	  	[*****]
	[*****]	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	[*****]	  	LIGHT-ANTICOLLISION, WHITE	  	[*****]
	[*****]	  	LIGHT-ANTI COLLISION, RED	  	[*****]
	[*****]	  	LIGHT-LANDING	  	[*****]
	[*****]	  	LIGHT-LOGO	  	[*****]
	[*****]	  	LIGHT-STROBE	  	[*****]
	[*****]	  	LIGHT-WING AND ENGINE SCAN, LH	  	[*****]
	[*****]	  	LIGHT-WING AND ENGINE SCAN, RH	  	[*****]
	[*****]	  	POWER SUPPLY UNIT-STROBE LIGHT	  	[*****]
	[*****]	  	POWER SUPPLY-UNIT ANTI COLLISION LIGHT	  	[*****]
	[*****]	  	POWER SUPPLY-UNIT ANTI COLLISION LIGHT	  	[*****]
	[*****]	  	AIR DATA COMPUTER	  	[*****]
	[*****]	  	ATC TRANSPONDER	  	[*****]
	[*****]	  	ATTITUDE HEADING REF UNIT	  	[*****]
	[*****]	  	FLUX VALVE	  	[*****]
	[*****]	  	INTEGRATED ELEC STAND-BY EQUIP	  	[*****]
	[*****]	  	INTERROGATOR-DME	  	[*****]
	[*****]	  	NAVIGATOR PROCESSOR UNIT (GPS RECEIVER)	  	[*****]
	[*****]	  	PROBE-AIR TEMPERATURE	  	[*****]
	[*****]	  	PROBE-PITOT	  	[*****]
	[*****]	  	RADIO-ALTIMETER TRANSCEIVER	  	[*****]
	[*****]	  	RECEIVER-VOR/ILS/MKR	  	[*****]
	[*****]	  	T2CAS COMPUTER	  	[*****]
	[*****]	  	TRANSCEIVER-WEATHER RADAR	  	[*****]
	[*****]	  	VOR/ILS/MKR RECEIVER	  	[*****]
	[*****]	  	WX RADAR CONTROL PANEL	  	[*****]
	[*****]	  	CYLINDER-OXYGEN (PORTABLE)	  	[*****]
	[*****]	  	TRANSMITTER/REGULATOR - OXYGEN PRESS	  	[*****]
	[*****]	  	VALVE-FEED STOP	  	[*****]
	[*****]	  	CONTROLLER-AIR LEAK DETECTION	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3

27 of 28
 Execution Version
	  	October 18th, 2011

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	DUCT-DISCHARGE DOWNSTREAM VALVE	  	[*****]
	[*****]	  	SWITCH-PRESSURE	  	[*****]
	[*****]	  	VALVE ASSY-SHUTOFF	  	[*****]
	[*****]	  	VALVE-HP AIR BLEED	  	[*****]
	[*****]	  	VALVE-XFEED, AIR BLEED	  	[*****]
	[*****]	  	VENTURI-HP	  	[*****]
	[*****]	  	CAC SWM	  	[*****]
	[*****]	  	CORE AVIONICS CABINET I/P O/P MODULE AP	  	[*****]
	[*****]	  	CORE AVIONICS CABINET I/P O/P MODULE-S	  	[*****]
	[*****]	  	CORE AVIONICS CABINET I/P O/P MODULE-DC	  	[*****]
	[*****]	  	INTEGRATED CORE PROCESSING MODULE	  	[*****]
	[*****]	  	ACTUATOR-CARGO DOOR	  	[*****]
	[*****]	  	CONTROL UNIT-ARMOURED COCKPIT DOOR	  	[*****]
	[*****]	  	BLADE PROPELLER	  	[*****]
	[*****]	  	BRUSH BLOCK ASSY	  	[*****]
	[*****]	  	CONTROL ELECTRONIC-PROPELLER	  	[*****]
	[*****]	  	ELECTROVALVE	  	[*****]
	[*****]	  	GOVERNOR-PROPELLER OVERSPEED	  	[*****]
	[*****]	  	INTERFACE UNIT-PROPELLER	  	[*****]
	[*****]	  	MODULE VALVE PROPELLER	  	[*****]
	[*****]	  	PUMP GOVERNOR-PROPELLER OVERSPEED	  	[*****]
	[*****]	  	PUMP-PROPELLER FEATHERING	  	[*****]
	[*****]	  	PUSH-PULL CABLE-PROP CONDITION	  	[*****]
	[*****]	  	SWITCH-PRESSURE, HYDRAULIC	  	[*****]
	[*****]	  	PIPE-EXHAUST	  	[*****]
	[*****]	  	TRANSMITTER-FUEL FLOW	  	[*****]
	[*****]	  	PUSH-PULL CABLE-PROPELLER POWER	  	[*****]
	[*****]	  	ACTUATOR-OIL COOLER FLAP	  	[*****]
	[*****]	  	COOLER-OIL	  	[*****]
	[*****]	  	BRAKE, PROPELLER (REPAIR RATIER-FIGEAC)	  	[*****]
	[*****]	  	ENGINE ELECTRONIC CONTROL	  	[*****]
	[*****]	  	EXCITER - IGNITION I.C.	  	[*****]
	[*****]	  	EJECTOR, FUEL WASTE	  	[*****]
	[*****]	  	SENSOR TORQUE METER	  	[*****]
	[*****]	  	VALVE ASSY, INTERCOMPRESS BLEED	  	[*****]
	[*****]	  	VALVE INTERCOMPRESSOR BLEED	  	[*****]
	[*****]	  	MFC	  	[*****]
	[*****]	  	CONTROL, AUTOFEATHER	  	[*****]
	[*****]	  	COOLER - OIL	  	[*****]
	[*****]	  	FLOW DIVIDER & DUMP VALVE	  	[*****]
	[*****]	  	SERVO VALVE	  	[*****]
	[*****]	  	FUEL HEATER	  	[*****]
	[*****]	  	FUEL PUMP	  	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No3

28 of 28
 Execution Version
	  	October 18th, 2011

 AMENDMENT N°4 TO 

GLOBAL MAINTENANCE AGREEMENT 

Contract n° DS/CC-2612/10 

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

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

March 28, 2012 

  
  

					
	Global Maintenance Agreement	  	 Amendment No4

Page 1/ 14
 Issue 4
	  	March 28, 2012

 CONTENTS 
  

					
	 CONTENTS
	  	 	2	  
		
	 1 MODIFICATIONS
	  	 	4	  
		
	 2 EFFECTIVE DATE
	  	 	5	  
		
	 3 MISCELLANEOUS
	  	 	5	  
		
	 EXHIBIT 3-A4 – STOCK
	  	 	7	  

  
  

					
	Global Maintenance Agreement	  	 Amendment No4

Page 2/ 14
 Issue 4
	  	March 28, 2012

 This Amendment N°4 (the “Amendment”) is made on March 28, 2012 (the “Effective Date”),

 between 
 AZUL LINHAS AÉREAS BRASILEIRAS S/A,

 a company incorporated under the laws of Brazil, the registered office of which is located at Alameda Surubiju, 2010 — Alphaville Industrial,
Barueri, Sao Paulo, Brazil, 
 hereafter referred to as the “Company” or “AZUL”, 

on the one part, 
 and 

AVIONS DE TRANSPORT REGIONAL, G.I.E., 
 a French
Groupement d’Intérêt Economique established under articles L.251-1 to L251-23 of the French Commercial Code, whose registered office is at 1 Allée Pierre-Nadot, 31712 Blagnac, France, identified under Corporate and Trade
Register of Toulouse number 323 932 236, 
 hereafter referred to as the “Provider’ or “ATR”, 

on the other part, 
 Collectively referred to as
the “Parties” and individually to as a “Party”, 
 WHEREAS: 

 

	A)	The Company and the Provider entered into a global maintenance agreement dated December 24th, 2010 (as amended and supplemented from time to time the
“Agreement”) for the purpose of facilitating operational support tasks as well as scheduled and unscheduled maintenance; 

  

	B)	The Parties amended the Agreement through Amendment N°1 on May 20th, 2011, 

 

	C)	The Parties amended the Agreement through Amendment N°2 on July 29th, 2011, 

 

	D)	The Parties amended the Agreement through Amendment N°3 on October 18th, 2011, 

 

	E)	The Parties wish to amend certain provisions of the Agreement upon the terms and conditions set out below. 

  
  

					
	Global Maintenance Agreement	  	 Amendment No4

Page 3/ 14
 Issue 4
	  	March 28, 2012

 CONFIDENTIAL TREATMENT REQUESTED 

 

 NOW THEREFORE, IT IS HEREBY AGREED as follows: 

 

	1	MODIFICATIONS 

 Each of the Parties hereto agrees to amend the Agreement as follows: 

1.1 Modification of Clause 13.1 — SECURITY DEPOSIT 

Clause 13.1 (b) of the Agreement shall be deleted and substituted by the following: 

“ 
 (b) as from the date of execution of
this Amendment N°4, the aggregate of: 
  

	 	(i)	[*****] of Services provided to the Company by the Provider for the first [*****] aircraft of Final Fleet, calculated as per above Clauses 10 and Clause 12.1.3, i.e. [*****] 

 

	 	(ii)	[*****] of the Stock value at the date of integration in this Agreement of the first aircraft of the Final Fleet, i.e. [*****] such amount shall be accordingly adjusted to Stock change as set in Exhibit 10,

  

	 	(iii)	[*****] of the increase of Stock value at the date of execution of this Amendment N°4, i.e. [*****] such amount shall be accordingly adjusted to Stock change as set in Exhibit 10, 

” 
 1.2 Modification of Exhibit 3 — STOCK

 Exhibit 3-A3 of the Agreement shall be deleted and replaced in its entirety by the Exhibit 3-A4 attached hereto and any reference to Exhibit 3 in
the Agreement shall be construed as reference to the Exhibit 3-A4 attached. 
 1.3 Modification of Exhibit 10 — LEASE STOCK Clause 2 

Clause 2.4 of Exhibit 10 of the Agreement shall be deleted and substituted by the following: 

“ 
  

	2.4	The Stock total value of Exhibit 3 list, under economic conditions 2011, shall be: 

  

	 	•	 	[*****] and 

 ” 

Clause 2.5 of Exhibit 10 of the Agreement shall be deleted and substituted by the following: 

“ 
  

	2.5	The Stock total value of Exhibit 7 list, under economic conditions 2011, shall be: 

  

	 	•	 	[*****] and 

 For the sake of clarity the Stock total value is the sum of the Stock total value
of Exhibit 3 list and the Stock total value of Exhibit 7 list, such aggregate amount being equal to [*****] 
 ” 

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No4

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	2	EFFECTIVE DATE 

 This Amendment N°4 shall come into full force and effect as from the Effective Date.

  

	3	MISCELLANEOUS 

  

	3.1	In case of any inconsistency with the Agreement and this Amendment, the latter shall prevail. 

  

	3.2	This Amendment contains the entire agreement between the Parties and supersede any previous understandings, commitments and/or representations whatsoever oral or written. 

 

	3.3	This Amendment shall not be modified or varied except by an instrument in writing executed by both Parties. 

  

	3.4	Except as expressly set out in this Amendment, all of the provisions of the Agreement remain valid and binding. 

  

	3.5	This Amendment shall be governed by and construed in accordance with the laws of New York. 

  
  

					
	Global Maintenance Agreement	  	 Amendment No4

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 Execution Page 

This Amendment N°4 has been executed in two (2) original copies in the English language. 

 

									
	For and on behalf of:	 		 	For and on behalf of:
				
	AZUL	 		 		 	AVIONS DE TRANSPORT REGIONAL
	(Company)	 		 	(Provider)
					
	Name:	 	Renato Covelo	 		 	Name:	 	Luigi Mollo
	Title:	 	Attorney In Fact	 		 	Title:	 	VP Commercial
			
	Date: 03/05/2012	 		 	Date: 28/03/2012
			
	Signature: /s/ Renato Covelo	 		 	Signature: /s/ Luigi Mollo

  
  

					
	Global Maintenance Agreement	  	 Amendment No4

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 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 3-A4 – STOCK 

The following Exhibit 3-A4 is composed of seven (7) pages. 

First List for both Interim Fleet and Final Fleet contains [*****] part numbers. 

Second List specific for New Fleet contains [*****] part numbers. 

Third List Amendment N°4 for New Fleet contains [*****] part numbers. 

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No4

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 Issue 4
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 CONFIDENTIAL TREATMENT REQUESTED 

 

 First List for Interim Fleet 

 

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

	[*****]	  	CONTROLLER-MANUAL	 	[*****]
	[*****]	  	COOLING UNIT	 	[*****]
	[*****]	  	EXCHANGER-HEAT, DUAL	 	[*****]
	[*****]	  	INDICATOR-CAB PRESS	 	[*****]
	[*****]	  	VALVE-PACK FLOW CONTROL	 	[*****]
	[*****]	  	VALVE-PNEUMATIC OUTFLOW	 	[*****]
	[*****]	  	VALVE-TRIM AIR	 	[*****]
	[*****]	  	VALVE-TURBINE INLET CONTROL	 	[*****]
	[*****]	  	ACTUATOR-AP	 	[*****]
	[*****]	  	ADVISORY DISPLAY UNIT-AFCS	 	[*****]
	[*****]	  	COMPUTER-AFCS	 	[*****]
	[*****]	  	CONTROL PANEL-AFCS	 	[*****]
	[*****]	  	AMPLIFIER-HF POWER	 	[*****]
	[*****]	  	AMPLIFIER-PASSENGER ADDRESS	 	[*****]
	[*****]	  	AUDIO CONTROL PANEL	 	[*****]
	[*****]	  	CONTROL UNIT-VHF	 	[*****]
	[*****]	  	CONTROL UNIT-VHF	 	[*****]
	[*****]	  	CONTROL UNIT-VHF	 	[*****]
	[*****]	  	COUPLER HF ANTENNA	 	[*****]
	[*****]	  	COUPLER HF ANTENNA	 	[*****]
	[*****]	  	CVR-SOLID STATE	 	[*****]
	[*****]	  	HANDSET-CABIN ATTENDANT	 	[*****]
	[*****]	  	HANDSET-CABIN ATTENDANT	 	[*****]
	[*****]	  	REMOTE CONTROL AUDIO UNIT	 	[*****]
	[*****]	  	TRANSCEIVER-HF	 	[*****]
	[*****]	  	TRANSCEIVER-HF	 	[*****]
	[*****]	  	TRANSCEIVER-VHF	 	[*****]
	[*****]	  	TRANSCEIVER-VHF	 	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER, AC	 	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER, DC	 	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR, AC	 	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR, DC	 	[*****]
	[*****]	  	GENERATOR-AC	 	[*****]
	[*****]	  	INVERTER-STATIC	 	[*****]
	[*****]	  	SENSOR-HALL EFFECT	 	[*****]
	[*****]	  	STARTER GENERATOR-DC	 	[*****]
	[*****]	  	TRANSMITTER-EMERGENCY LOCATOR	 	[*****]
	[*****]	  	TRANSMITTER-EMERGENCY LOCATOR	 	[*****]
	[*****]	  	DETECTOR-SMOKE	 	[*****]
	[*****]	  	ACTUATOR-TRIM	 	[*****]
	[*****]	  	INDICATOR-FLAP POSITION	 	[*****]
	[*****]	  	INDICATOR-TRIM POSITION	 	[*****]
	[*****]	  	VALVE BLOCK-FLAP	 	[*****]
	[*****]	  	VALVE BLOCK-SPOILER	 	[*****]
	[*****]	  	INDICATOR-FUEL QUANTITY REPEATER, KG	 	[*****]
	[*****]	  	INDICATOR-FUEL QUANTITY, KG	 	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No4

Page 8/ 14
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 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	PUMP-FUEL ELECTRIC	 	[*****]
	[*****]	  	PUMP-ELECTRIC, AUXILIARY, DC	 	[*****]
	[*****]	  	DETECTOR-ICE	 	[*****]
	[*****]	  	VALVE-ANTI ICING PRESS REGULATOR AND SHU	 	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	 	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	 	[*****]
	[*****]	  	CLOCK	 	[*****]
	[*****]	  	CLOCK	 	[*****]
	[*****]	  	ENTRY PANEL-FLIGHT DATA	 	[*****]
	[*****]	  	FLIGHT DATA ACQUISITION UNIT	 	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	 	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	 	[*****]
	[*****]	  	PANEL-CREW ALERTING	 	[*****]
	[*****]	  	PROBE-CCAS ALPHA	 	[*****]
	[*****]	  	SOLID STATE FLIGHT DATA RECORDER	 	[*****]
	[*****]	  	BOX-UPLOCK	 	[*****]
	[*****]	  	CONTROL UNIT-ANTISKID SYSTEM	 	[*****]
	[*****]	  	LEVER-CONTROL, L/G	 	[*****]
	[*****]	  	SENSOR-WHEEL SPEED	 	[*****]
	[*****]	  	VALVE-SELECTOR, SWIVEL	 	[*****]
	[*****]	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	 	[*****]
	[*****]	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	 	[*****]
	[*****]	  	LIGHT-ANTI COLLISION, WHITE	 	[*****]
	[*****]	  	LIGHT-ANTICOLLISION, WHITE	 	[*****]
	[*****]	  	LIGHT-LANDING	 	[*****]
	[*****]	  	LIGHT-STROBE	 	[*****]
	[*****]	  	POWER SUPPLY UNIT-STROBE LIGHT	 	[*****]
	[*****]	  	POWER SUPPLY-UNIT ANTI COLLISION LIGHT	 	[*****]
	[*****]	  	AIR DATA COMPUTER	 	[*****]
	[*****]	  	AIR DATA COMPUTER	 	[*****]
	[*****]	  	ALTIMETER	 	[*****]
	[*****]	  	ALTIMETER-STANDBY, MILLIBARS	 	[*****]
	[*****]	  	CONTROL BOX-WEATHER RADAR	 	[*****]
	[*****]	  	CONTROL PANEL-EFIS	 	[*****]
	[*****]	  	CONTROL UNIT-ADF	 	[*****]
	[*****]	  	CONTROL UNIT-DUAL ATC	 	[*****]
	[*****]	  	CONTROL UNIT-DUAL ATC	 	[*****]
	[*****]	  	CONTROL UNIT-TCAS	 	[*****]
	[*****]	  	CONTROL UNIT-VOR/ILS/DME	 	[*****]
	[*****]	  	DISPLAY UNIT-EFIS	 	[*****]
	[*****]	  	GROUND PROXIMITY WARNING COMPUTER	 	[*****]
	[*****]	  	INDICATOR-AIRSPEED	 	[*****]
	[*****]	  	INDICATOR-AIRSPEED, STANDBY	 	[*****]
	[*****]	  	INDICATOR-DME	 	[*****]
	[*****]	  	INDICATOR-RADIO MAGNETIC	 	[*****]
	[*****]	  	INDICATOR-STANDBY HORIZON	 	[*****]
	[*****]	  	INDICATOR-TRS/TEMP	 	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No4

Page 9/ 14
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	  	March 28, 2012

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	INDICATOR-VERTICAL SPEED	 	[*****]
	[*****]	  	PROBE-RIOT	 	[*****]
	[*****]	  	RECEIVER-ADF	 	[*****]
	[*****]	  	RECEIVER-VOR/ILS/MKR	 	[*****]
	[*****]	  	REFERENCE UNIT-ATTITUDE AND HEADING	 	[*****]
	[*****]	  	SYMBOL GENERATOR UNIT	 	[*****]
	[*****]	  	TRANSCEIVER-RADIO ALTIMETER	 	[*****]
	[*****]	  	TRANSCEIVER-TCAS	 	[*****]
	[*****]	  	VALVE-FLUX	 	[*****]
	[*****]	  	TRANSMITTER/REGULATOR -OXYGEN PRESS	 	[*****]
	[*****]	  	DUCT-DISCHARGE DOWNSTREAM VALVE	 	[*****]
	[*****]	  	VALVE ASSY-SHUTOFF	 	[*****]
	[*****]	  	VALVE-HP AIR BLEED	 	[*****]
	[*****]	  	VALVE-HP AIR BLEED	 	[*****]
	[*****]	  	VALVE-XFEED, AIR BLEED	 	[*****]
	[*****]	  	BLADE AND PIN ASSY	 	[*****]
	[*****]	  	BRUSH BLOCK ASSY	 	[*****]
	[*****]	  	CONTROL ELECTRONIC-PROPELLER	 	[*****]
	[*****]	  	CONTROL UNIT-PROPELLER	 	[*****]
	[*****]	  	CONTROL UNIT-PROPELLER	 	[*****]
	[*****]	  	INDICATOR-NP, PROPELLER	 	[*****]
	[*****]	  	PROPELLER-SERVO VALVE	 	[*****]
	[*****]	  	PUMP-PROPELLER FEATHERING	 	[*****]
	[*****]	  	SWITCH-PRESSURE, HYDRAULIC	 	[*****]
	[*****]	  	PIPE-EXHAUST	 	[*****]
	[*****]	  	INDICATOR-FUEL FLOW/FUEL USED, KG	 	[*****]
	[*****]	  	INDICATOR-FUEL TEMPERATURE	 	[*****]
	[*****]	  	TRANSMITTER-FUEL FLOW	 	[*****]
	[*****]	  	PUSH-PULL CABLE-PROPELLER POWER	 	[*****]
	[*****]	  	INDICATOR-ITT	 	[*****]
	[*****]	  	INDICATOR-NH	 	[*****]
	[*****]	  	INDICATOR-TORQUE	 	[*****]
	[*****]	  	ACTUATOR-OIL COOLER FLAP	 	[*****]
	[*****]	  	COOLER-OIL	 	[*****]
	[*****]	  	INDICATOR-OIL TEMP/PRESS	 	[*****]
	[*****]	  	ELECTRONIC ENGINE CONTROL UNIT	 	[*****]
	[*****]	  	ELECTRONIC ENGINE CONTROL UNIT	 	[*****]
	[*****]	  	BRAKE, PROPELLER	 	[*****]
	[*****]	  	CONTROL, AUTOFEATHER	 	[*****]
	[*****]	  	EXCITER - IGNITION I.C.	 	[*****]
	[*****]	  	EJECTOR, FUEL WASTE	 	[*****]
	[*****]	  	SENSOR TORQUE METER	 	[*****]
	[*****]	  	VALVE ASSY, INTERCOMPRESS BLEED	 	[*****]
	[*****]	  	COOLER - OIL	 	[*****]
	[*****]	  	FLOW DIVIDER & DUMP VALVE	 	[*****]
	[*****]	  	SERVO VALVE	 	[*****]
	[*****]	  	VALVE INTERCOMPRESSOR BLEED	 	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No4

Page 10/ 14
 Issue 4
	  	March 28, 2012

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	FUEL HEATER	 	[*****]
	[*****]	  	FCU-HYDRO MECHANICAL	 	[*****]
	[*****]	  	FUEL PUMP	 	[*****]
	[*****]	  	GOVERNOR-PROPELLER OVERSPEED	 	[*****]
	[*****]	  	PUMP GOVERNOR-PROPELLER OVERSPEED	 	[*****]
	[*****]	  	GOVERNOR-PROPELLER OVERSPEED	 	[*****]
	[*****]	  	PUMP GOVERNOR-PROPELLER OVERSPEED	 	[*****]
		  		 	  

	[*****]	  	 Total
	 	[*****]

 Second List specific for New Fleet 
  

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

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

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No4

Page 11/ 14
 Issue 4
	  	March 28, 2012

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No4

Page 12/ 14
 Issue 4
	  	March 28, 2012

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

			
	[*****]	  	 TOTAL
	 	[*****]

 Third List Amendment N°4 for New Fleet 

 

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

	[*****]	  	EXCHANGER-HEAT, DUAL	 	[*****]
	[*****]	  	CONDENSER	 	[*****]
	[*****]	  	COOLING UNIT	 	[*****]
	[*****]	  	VALVE-TURBINE INLET CONTROL	 	[*****]
	[*****]	  	FLIGHT DATA ACQUISITION UNIT	 	[*****]
	[*****]	  	FLIGHT GUIDANCE CONTROL PANEL	 	[*****]
	[*****]	  	AUTO PILOT SERVO-ACTUATOR	 	[*****]
	[*****]	  	AUTO PILOT CAPSTAN	 	[*****]
	[*****]	  	CVR-SOLID STATE	 	[*****]
	[*****]	  	CONTROL UNIT-CVR	 	[*****]
	[*****]	  	AUDIO CONTROL PANEL	 	[*****]
	[*****]	  	AMPLIFIER-PASSENGER ADDRESS	 	[*****]
	[*****]	  	STARTER GENERATOR-DC	 	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR, AC	 	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER, AC	 	[*****]
	[*****]	  	CONTACTOR-ACW	 	[*****]
	[*****]	  	ATTENDANT PANEL	 	[*****]
	[*****]	  	ATTENDANT PANEL	 	[*****]
	[*****]	  	ATTENDANT PANEL USB KEY	 	[*****]
	[*****]	  	HANDLE-ENG1 FIRE	 	[*****]
	[*****]	  	ROD-DYNAMOMETRIC, ROLL	 	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No4

Page 13/ 14
 Issue 4
	  	March 28, 2012

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

	[*****]	  	SWITCH UNIT-FLAP CONTROL	 	[*****]
	[*****]	  	ACTUATOR-ELEVATOR	 	[*****]
	[*****]	  	ACTUATOR-TRIM	 	[*****]
	[*****]	  	VALVE BLOCK-FLAP	 	[*****]
	[*****] 	  	RESTRICTOR-FLAP VLV BLOCK FLOW, EXTN LINE	 	[*****]
	[*****]	  	ACTUATOR-STICK PUSHER	 	[*****]
	[*****]	  	VALVE BLOCK-SPOILER	 	[*****]
	[*****]	  	SHAKER-STICK	 	[*****]
	[*****]	  	ACTUATOR-SPOILER	 	[*****]
	[*****]	  	CABLE-TENSION REGULATOR	 	[*****]
	[*****]	  	COUPLING-REFUEL/DEFUEL	 	[*****]
	[*****]	  	CONTROLLER-HORN ANTI ICING	 	[*****]
	[*****]	  	RESISTOR-HORN ANTI ICING, LH ELEVATOR	 	[*****]
	[*****]	  	RESISTOR-HORN ANTI-ICING, RH ELEVATOR	 	[*****]
	[*****]	  	RESISTOR-HORN ANTI-ICING, RUDDER	 	[*****]
	[*****]	  	RESISTOR-HORN ANTI ICING, LH AILERON	 	[*****]
	[*****]	  	RESISTOR-HORN ANTI ICING, RH AILERON	 	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	 	[*****]
	[*****]	  	PROBE-CCAS ALPHA	 	[*****]
	[*****]	  	ACCELEROMETER-THREE AXIS	 	[*****]
	[*****]	  	TRANSMITTER-POSITION SYNCHRO	 	[*****]
	[*****]	  	RESERVOIR-BRAKE	 	[*****]
	[*****]	  	CYLINDER-MASTER	 	[*****]
	[*****]	  	VALVE-SELECTOR, LG	 	[*****]
	[*****]	  	ACCUMULATOR-PARKING	 	[*****]
	[*****]	  	ABSORBER-SHOCK	 	[*****]
	[*****]	  	VALVE-PARKING	 	[*****]
	[*****]	  	VALVE-BRAKE	 	[*****]
	[*****]	  	VALVE-RELIEF, LOW PRESSURE	 	[*****]
	[*****]	  	VALVE-BRAKE	 	[*****]
	[*****]	  	VALVE-DIFFERENTIAL CONTROL SELECTOR	 	[*****]
	[*****]	  	BOX-UPLOCK	 	[*****]
	[*****]	  	FLUX VALVE	 	[*****]
	[*****]	  	VALVE-FEED STOP	 	[*****]
	[*****]	  	PUMP-PROPELLER FEATHERING	 	[*****]
	[*****]	  	PUSH-PULL CABLE-PROP CONDITION	 	[*****]
	[*****]	  	PUMP GOVERNOR-PROPELLER OVERSPEED	 	[*****]
	[*****]	  	EXCITER - IGNITION I.C.	 	[*****]
	[*****]	  	EJECTOR, FUEL WASTE	 	[*****]
	[*****]	  	SERVO VALVE	 	[*****]
	[*****]	  	FUEL PUMP	 	[*****]
	[*****]	  	PUSH-PULL CABLE-PROPELLER POWER	 	[*****]
	 [*****]
	  	ACTUATOR-OIL COOLER FLAP	 	[*****]
	[*****]	  	COOLER-OIL	 	[*****]
	[*****]	  	REFERENCE UNIT-ATTITUDE AND HEADING	 	[*****]
		  		 	  

	[*****]	  	 TOTAL
	 	[*****]

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

  
  

					
	Global Maintenance Agreement	  	 Amendment No4

Page 14/ 14
 Issue 4
	  	March 28, 2012

 

 
 1- Amendment no° 5 

to the Global Maintenance Agreement 

(Contract ref DS/CC-2612/10) 

between 
 AZUL LINHAS
AÉREAS BRASILEIRAS S/A 
 and 

Avions de Transport Regional GIE 

dated December the 24th, 2010; 

2- Amendment n° 3 

to the Global Maintenance Agreement 

(Contract reference DS/C-2883/09) 

between 
 TRIP LINHAS
AÉREAS S/A 
 and 

Avions de Transport Regional GIE 

dated September the 10th, 2010. 

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

and 
 TRIP LINHAS AÉREAS
S/A 
 (as Company) 
 and

 AVIONS DE TRANSPORT REGIONAL, G.I.E. 

(as Provider) 
 Signing
Date: August 20, 2013 

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 1 / 49
		 	Issue 3 – DSC 0014/13	 	

 CONTENTS 
  

									
	 CONTENTS
	  	 	2	  
	 WHEREAS
	  	 	4	  
	 NOW THEREFORE, IT IS HEREBY AGREED AS FOLLOWS
	  	 	4	  
	 1.
	 	 Subject matter of the Covenant
	  	 	4	  
	 2.
	 	 Amendments to GMA TRIP
	  	 	4	  
	 3.
	 	 Amendments to GMA AZUL
	  	 	5	  
		 	 3.1
	  	 Amendment to Article 1 - “SUBJECT MATTER OF THE AGREEMENT”
	  	 	5	  
		 	 3.2
	  	 Amendment to Article 2 - “DEFINITIONS & INTERPRETATION”
	  	 	5	  
		 	 3.3
	  	 Amendment to Article 5 - “SERVICES”
	  	 	5	  
		 	 3.4
	  	 Amendment to Article 6 - “DELIVERIES”
	  	 	6	  
		 	 3.5
	  	 Amendment to Article 8 - “INSURANCES”
	  	 	6	  
		 	 3.6
	  	 Amendment to Article 10 - “PRICE”
	  	 	6	  
		 	 3.7
	  	 Amendment to Article 11 - “RECONCILIATION & AUDIT”
	  	 	11	  
		 	 3.8
	  	 Amendment to Article 12 - “INVOICING AND PAYMENT TERMS”
	  	 	11	  
		 	 3.9
	  	 Amendment to Article 13 - “SECURITY DEPOSIT”
	  	 	12	  
		 	 3.10
	  	 Amendment to Article 18 “NOTICE”
	  	 	13	  
		 	 3.11
	  	 Amendment to Exhibit 1 “LIST OF ATR AIRCRAFT COVERED UNDER THIS AGREEMENT”
	  	 	13	  
		 	 3.12
	  	 Amendment to Exhibit 3 “STOCK”
	  	 	13	  
		 	 3.13
	  	 Amendment to Exhibit 4 “LRU(s) AVAILABLE FOR REPAIR AND STANDARD EXCHANGE SERVICES”
	  	 	13	  
		 	 3.14
	  	 Amendment to Exhibit 7 “ADDITIONAL STOCK”
	  	 	14	  
		 	 3.15
	  	 Amendment to Exhibit 10 “LEASE OF STOCK”
	  	 	14	  
		 	 3.16
	  	 Amendment to Exhibit 11 “SPARE PARTS STANDARD EXCHANGE SERVICE”
	  	 	15	  
		 	 3.17
	  	 Amendment to Exhibit 12 “LRU AND MAIN ELEMENTS REPAIR SERVICES”
	  	 	15	  
		 	 3.18
	  	 Amendment to Exhibit 12 “LRU AND MAIN ELEMENTS REPAIR SERVICES”
	  	 	16	  
		 	 3.19
	  	 Amendment to Exhibit 12 “LRU AND MAIN ELEMENTS REPAIR SERVICES”
	  	 	16	  
		 	 3.20
	  	 Amendment to Exhibit 12 “LRU AND MAIN ELEMENTS REPAIR SERVICES”
	  	 	16	  
		 	 3.21
	  	 Addition of the Exhibit 15 “ADVANCED POOL STOCK”
	  	 	17	  
	 4.
	 	 Additional Conditions as per Proposal
	  	 	17	  
	 5.
	 	 Entry into force and Conditions Precedent
	  	 	17	  
	 6.
	 	 Miscellaneous
	  	 	17	  
	 EXHIBIT 1-A2 – LIST OF ATR AIRCRAFT COVERED UNDER THIS AGREEMENT
	  	 	20	  
	 EXHIBIT 3-A5 – STOCK
	  	 	22	  
	 EXHIBIT 4-A3 – LRU(s) AVAILABLE FOR REPAIR AND STANDARD EXCHANGE SERVICES
	  	 	34	  
	 EXHIBIT 7-A2 – ADDITIONAL STOCK
	  	 	44	  
	 EXHIBIT 15 – ADVANCED POOL STOCK
	  	 	46	  

  
  

					
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 This covenant (hereinafter referred to as the “Covenant”) is made on August 20, 2013: 

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

Hereafter referred to as “AZUL”, 

on the one part, 
 AND 

TRIP LINHAS AÉREAS S/A, a company incorporated under the laws of São Paulo, Brazil, whose registered office is at Avenida Cambacicas,
1.200, Campinas – SP, Brazil, identified under Cadastro Nacional de Pessoa Jurídica (CNPJ) number 02.428.624/0001-30; 

Hereafter referred to as “TRIP”, 

on the second part, 
 Hereafter individually or
collectively referred to as “Company”, as the context requires, 
 AND 

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

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

on the third part. 
 Hereinafter individually
referred to as the “Party” or collectively as the “Parties” 

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 3 / 49
		 	Issue 3 – DSC 0014/13	 	

 WHEREAS: 
  

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

  

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

  

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

  

	4)	WHEREAS further to operation as detailed above in 3), AZUL is going to progressively operate an enlarged fleet of Aircraft coming from TRIP; AZUL and TRIP wishing that operational support tasks as well as
scheduled and unscheduled maintenance regarding their respective Aircraft fleet being provided by ATR benefiting of the GMA AZUL main terms and conditions; and, 

  

	5)	WHEREAS ATR, as the Aircraft manufacturer and Provider, made a commercial proposal ref DS/CC-65/12 Issue 3 (the “Commercial Proposal”) to AZUL and TRIP, dated February 8th, 2013, setting out its capacities and abilities to satisfy such needs, and AZUL and TRIP agreed on the Commercial Proposal on February 19th,
2013; and 

  

	6)	WHEREAS it is now agreed between the Parties (i) to amend the GMA in compliance with the Commercial Proposal (the “Amended GMA AZUL”), (ii) to amend the GMA TRIP by the amended GMA AZUL
terms and conditions (the “Amended GMA TRIP”), (iii) to convene the consequences of such amendments in order to cover AZUL’s and TRIP’s fleets under the same terms and conditions. 

 

	7)	WHEREAS, on the basis of said Commercial Proposal, ATR, AZUL and TRIP entered into negotiations with respect to this Covenant. 

NOW THEREFORE, IT IS HEREBY AGREED AS FOLLOWS: 
  

	1.	Subject matter of the Covenant 

 This Covenant describes the terms and conditions
according to which (i) the Parties shall amend the GMA TRIP and the GMA AZUL in compliance with the Commercial Proposal and (ii) the Provider shall provide, or cause its Subcontractors to provide, Services for AZUL and/or TRIP Aircraft
fleets in compliance with the Amended GMA TRIP and Amended GMA AZUL, as relevant. 
 Words and expressions used in this Covenant shall have
the same meanings defined in the Amended GMA AZUL and/or the Amended GMA TRIP, as the context requires. 
  

	2.	Amendments to GMA TRIP 

 Unless otherwise provided under this Covenant, TRIP and
ATR agree to amend the GMA TRIP by any and all of the terms and conditions of the GMA AZUL upon the entry in full force and effect of this Covenant. 

For the sake of clarity, and for the exclusive purpose of the amendment of GMA TRIP, each time “Company” and/or “AZUL”, as
the context requires, are used within the GMA AZUL, it shall be considered as a reference to “TRIP”. 

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 4 / 49
		 	Issue 3 – DSC 0014/13	 	

	3.	Amendments to GMA AZUL 

 The following articles, sentences or words of GMA AZUL
are amended as follows: 
  

	3.1	Amendment to Article 1 - “SUBJECT MATTER OF THE AGREEMENT” 

  

	 	(i)	This article is cancelled and substituted by the following: 

 “This Agreement
describes the terms and conditions according to which the Provider shall facilitate operational support tasks as well as scheduled and unscheduled maintenance for the Aircraft defined in Clause 2, when respectively operated by TRIP and for AZUL
only. 
 It is hereby stated and agreed by the Parties that, unless otherwise provided under this Agreement, any and all of the terms
and conditions of this Agreement shall be considered and executed by the Parties, as if each of TRIP and AZUL, as Company, has signed the Agreement with ATR, as Provider.” 

 

	3.2	Amendment to Article 2 - “DEFINITIONS & INTERPRETATION” 

  

	 	(i)	The following definitions are cancelled and substituted by: 

 “Advanced
Pool” or “Advanced Pool Stock” designates a stock of serviceable LRUs listed in Exhibit 7 and available to the Company at the Storage Location under standard exchange service as defined in Exhibit 11
and pursuant the terms and conditions set in Exhibit 15. 
 “BER” or “Beyond Economical
Repair”: means the case in which the repair cost of any unserviceable Item is greater than [*****] of the price for a brand new identical LRU and/or Main Element; 

“Start Date”: means the date defined in the Commercial Proposal and on the following conditions that the
Agreement is signed and/or the Company has fulfilled the Conditions Precedent set out in Clause 17 (Conditions Precedent) whichever is the last; 
  

	 	(ii)	The following definitions are cancelled: 

 “Interim Fleet”
means the ATR 72-200 operated by Company under a lease with Provider or its affiliates and described on Exhibit 1 as such. 
  

	 	(iii)	Any other provision of Article 2 shall remain in full force and effect. 

  

	3.3	Amendment to Article 5 - “SERVICES” 

 The paragraph 5.1 of Articles is
cancelled and substituted by the following: 
 “The Provider shall provide Company with the following Services:  

(i) a lease stock as described in Exhibit 10, 

(ii) an Advanced Pool for standard exchange service as described in Exhibit 7, 11 and 15. 

(iii) a standard exchange service of the items of the Pool as described in Exhibit 11, 

(iv) the maintenance for the LRU, propellers and landing gears as described in Exhibit 12. 

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 5 / 49
		 	Issue 3 – DSC 0014/13	 	

 The following table summarizes the Services provided under this Agreement per type of
Aircraft: 
 [*****] 
 [*****] shall be
covered by this Agreement subject to integration of additional Aircraft in Exhibit 1 and the associated revision of the relevant terms and conditions of this Agreement through an amendment thereto. 

For aircraft entering into the Company fleet after [*****], the Company will have the option to select or not the propellers assy
maintenance service for such aircraft” 
 Any other provision of the Article 5 shall remain in full force and effect. 

 

	3.4	Amendment to Article 6 - “DELIVERIES” 

  

	 	(i)	The paragraph 6.1 is cancelled and substituted by the following: 

 “Unless otherwise
set forth in this Agreement, the Provider shall deliver each Operational LRU and Main Element in accordance with Exhibits 10, 11, 12 and 15 as the case may be, [*****] at the following address: 

ATR Customer Support 

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

or at any address with a previous approval of the Company.” 

 

	 	(ii)	Any other provision of the Article 6 shall remain in full force and effect. 

  

	3.5	Amendment to Article 8 - “INSURANCES” 

 The paragraph 8.2 is cancelled and substituted
by the following: 
 “Company shall at its own expense procure and maintain in full force and effect throughout the term appropriate
insurance policies to be approved by Repairer in its absolute discretion covering all the items of the Stock and of the Advanced Pool Stock for the full replacement value as provided in Clause 2.4 of Exhibits 10 and 15. Repairer shall be named as
sole loss payee on all loss and physical damage policies and as an additional named insured on any liability policies. Moreover, the Repairer will be designated the beneficiary of the insurance against losses and will also benefit from the
appropriate waiver of recourse and rights of subrogation. Prior to the Start Date and upon each renewal of any policy, Company will supply Repairer with certificates of insurance compliant with the terms and conditions set out in Exhibit 10 to this
Agreement.” 
 (ii) Any other provision of the Article 8 shall remain in full force and effect. 

 

	3.6	Amendment to Article 10 - “PRICE” 

 The paragraph 10.1; 10.2; 10.3;
10.4; 10.5; 10.6; 10.7; 10.8 of Article 10 is cancelled and substituted by the following: 
  

	10.1	“The lease payment payable for the lease of the Stock (based on the Stock technical contents defined in Exhibit 3 and 10), as from the Start Date is a [*****]: 

 

	 	(i)	corresponding to [*****] of the Stock value which is set in Exhibit 10, Clause 2.4 if all the parts of the Stock are brand new; or 

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 6 / 49
		 	Issue 3 – DSC 0014/13	 	

	 	(ii)	in the event the Provider delivers Used Serviceable Items to the Company as set out in Exhibit 10 Clause 2.4, the [*****] set forth in Clause 10.1 (i) above shall be payable from the Start Date until the
date on which the last item of the Stock is delivered. On such date the Provider will notify in writing to the Company the exact and definitive Stock Value, and the revised monthly lease payment based upon [*****] of such Stock Value.
Promptly after delivery of the last item of the Stock, Provider shall issue a credit equal to the difference between the total amount of lease payments actually paid by the Company since the Start Date and the price the Company should have paid for
the Used Serviceable Items delivered by Provider according to the provisions of this Clause 10.1(ii); the definitive Stock Value shall be determined with prices of items of the Stock, based on the current ATR spare parts Catalogue sales price for
brand new item or based on [*****] of the current ATR spare parts Catalogue brand new sales price for serviceable item depending on the status of the item delivered. 

 

	10.2	The price payable by Company to Provider for the Standard Exchange service set out in Exhibit 11, is as follows: 

For all aircraft: 
  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

 These prices are [*****] and assume the availabilities described on the list
of LRUs defined in Exhibit 4. 
  

	10.3	The prices per airborne FH per Aircraft payable by Company to Provider for LRU, Main Elements, and services set out in this Agreement are: 

 

	10.3.1	For LRU: [*****] per FH and per Aircraft, [*****]: 

 For all aircraft:

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

  

	10.3.2	For the Main Element services as defined in Exhibit 12 [*****] per Aircraft airborne FH or CY: 

  

	 	(i)	Propellers (2ea) applicable to all aircraft: 

 (a) For maintenance 

 

	 	•	 	[*****] 

  

	 	•	 	[*****] 

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 7 / 49
		 	Issue 3 – DSC 0014/13	 	

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

[*****] 
 (b) For
availability [*****] 
 Additional flat rates here under shall be applied for the following operations, as applicable: 

(c) [*****] 
  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

 (d) For each propeller blade nickel sheath replacement, a flat rate of:

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

  

	 	(ii)	Landing gears (per shipset): 

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

(a) [*****] 

(b) [*****] 

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

 

	10.4	Price for reconciliation. 

  

	10.4.1	Intentionally left blank. 

  

	10.4.2	Price for LRU removal rate reconciliation 

 Any point of difference, to be measured
in units and tenths, between the RRR and the MRR pursuant to the conditions set out in Clause I.3 of Exhibit 12, shall be invoiced or credited per airborne FH on the basis of: 

For Final Fleet: 

[*****] 
  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 8 / 49
		 	Issue 3 – DSC 0014/13	 	

 [*****] 
  

	 	•	 	[*****] 

  

	10.4.3	Anticipated scheduled Events 

 Parties agree that all prices for each Service subject
to Scheduled Events are based on the achievement of the applicable maintenance program(s). 
 In case of deviation of the Scheduled
Event maintenance program parameters by a number of [*****], such deviation shall be considered an Anticipated Event. 
 For
any such Anticipated Event, whichever the context, Provider shall invoice Company the Lost Potential multiplied by the applicable price mentioned in Clause 10.3. 
  

	10.5	Prices adjustment 

 The adjustment conditions set out in Clauses 10.5.1 and 10.5.2
below [*****]. 
  

	10.5.1	Commercial Conditions for price Adjustment 

 Prices of this Agreement will be
adjusted [*****], in accordance with the following adjustment formula: 
 [*****] 

where: 
  

	 	•	 	[*****] is the [*****] for the year N+1, 

  

	 	•	 	[*****] is the [*****] as determined by economic conditions of year N (current year), 

  

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

  

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

  

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

  

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

 Escalation is subject
to a [*****] for Stock, Clause 10.1, and Standard Exchange, Clause 10.2, services. 
 Escalation is subject to a [*****]
for LRU repair service, Clause 10.3.1 and Clause 10.4.2. 
 The Prices set out in this covenant relative to the Main Elements
Services will be adjusted [*****] Escalation is subject to a [*****] annual cap for Main Elements repair service [*****]. In any case the final result of the applicable annual adjustment rate [*****] Clause 10.3.2. 

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

	10.5.2	Technical Conditions for Prices Adjustment 

 Both Parties agree to modify the prices
given in Clause 10 [*****] pursuant to Clause 11 if the operating parameters of the Aircraft, analyzed at the time of the adjustment (all calculations are made with figures corresponding to [*****]), change by more or less than
[*****] with respect to the estimated values of the same parameters, considered at the time of commencement of this Agreement. 

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 9 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	 	(i)	[*****] 

  

	 	(ii)	[*****] 

  

	10.6	Specific conditions. 

  

	10.6.1	Company’s Aircraft fleet change(s) 

 [*****] 

 

	10.6.2	Unused Aircraft 

 During the Term, should any Aircraft remain temporarily unused for
less than thirty (30) Days by the Company for whatever reason, the Company shall not request or obtain from the Provider a change in prices or terms and conditions set out in this Agreement in Clauses 10 and 12. 

 

	10-7	Maintenance Provision -Phase-in invoicing 

 No later than the first Scheduled
Event or Anticipated Event, the Company shall pay to ATR an amount (“Maintenance Provisions”) corresponding for each Main Element and/or their subassembly, to the number of FH and CY accrued since the last overhaul or since new as
applicable, multiplied by the applicable rate defined in Clauses 10.3.2 and 10.5 and applicable at the date of the first event. 

Should any Aircraft be subject to a Maintenance Reserves Agreement with ATR or ATR affiliated company, above Maintenance Provisions shall
be deducted from the applicable Maintenance Reserves still available into ATR or ATR affiliate’s account for each related individual Main Element and/or their sub-assembly as applicable. 

 

	10.8	Maintenance Provisions refundable at termination of the Agreement. 

  

	10.8.1	Upon termination of this Agreement with respect to one or more Aircraft and/or Services in accordance with the terms of this Agreement (except as a result of a Company Default) (the “Termination
Date”), the Provider shall reimburse the Company Maintenance Provisions related to landing gears maintenance services and/or their sub-component for ATR 72-600 only based on [*****] of the amount set out in Clause 10.3.2 for
maintenance services (the “Refund Amount”), taking into account the price applicable [*****] as per Clauses 10.5 and when applicable adjusted every [*****] as per Clause 10 and 11 for each FH or CY
performed for Main Elements: between the re-installation on such Aircraft after the last shop repair or overhaul or exchange occurred under this Agreement, as evidenced in the relevant EASA, FAA, TC, or ANAC release form and ending on the
Termination Date. 

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 10 / 49
		 	Issue 3 – DSC 0014/13	 	

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

 

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

  

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

  

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

[*****] In addition, it is agreed by the parties that [*****] out of [*****] of the maintenance provision paid for the
maintenance of the landing gears [*****] 
 Should any Aircraft be an ATR and/or ATR affiliate’s property, then Refund Amount
shall be reimbursed to the owner. 
 Provider shall only be required to reimburse the Refund Amount provided that: 

 

	 	(i)	the Company returned to the Provider all replacement spare(s) Main Element(s), items of the Stock, Core Items and Unserviceable LRU the Provider may have delivered or be expected from time to time according to the
terms of this Agreement, and 

  

	 	(ii)	The Company paid to the Provider all due amounts, and 

  

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

  

	 	(iv)	The related maintenance service is not subject to payment on event. 

  

	10.8.3	It is also understood that airborne FH and/or CY to be taken into account for such a refund process are only those accrued on original Main Element(s) of Aircraft when fitted on Company’s Aircraft or
alternatively spare(s) main elements of Company property. FH and/or CY accrued on replacement spare Main Element(s) provided by the Provider to the Company under this Agreement and/or any Main Element(s) different from those installed on Aircraft on
the date they were originally delivered to the Company or not owned by the Company shall not be taken into account in this refund process.” 

  

	3.7	Amendment to Article 11 - “RECONCILIATION & AUDIT” 

  

	 	a)	The last sentence of Article 11-“RECONCILIATION & AUDIT” is cancelled and substituted by: 

“At each reconciliation based on the actual flown flight hours, the Provider shall credit back: 

[*****] 
 Such credit being
solely available as credit for the GMA services and calculated at each reconciliation and regardless payment terms and conditions.” 
  

	 	b)	Any other provision of the Article 11 shall remain in full force and effect. 

  

	3.8	Amendment to Article 12 - “INVOICING AND PAYMENT TERMS” 

  

	 	(i)	The paragraph 12.1 of Article 12 is cancelled and substituted by the following: 

“Without limiting the obligation of the Company to make payments as provided in Article 10 above, the Company undertakes to pay
the Provider the following amounts in accordance with the payment terms specified in Clause herein. 
  

	 	(i)	[*****] 

  

	 	(ii)	[*****] 

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 11 / 49
		 	Issue 3 – DSC 0014/13	 	

	 	(iii)	[*****] 

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

  

	 	(iv)	[*****] 

  

	 	•	 	[*****] 

  

	 	(v)	[*****] 

  

	 	(vi)	[*****]  

  

	 	(vii)	[*****] 

  

	 	(viii)	[*****] 

  

	 	(ix)	[*****] 

  

	 	(x)	[*****] 

  

	 	(xi)	[*****] 

  

	 	(xii)	[*****] 

  

	 	(ii)	The paragraph 12.5 of Article 12 is cancelled and substituted by the following: 

 “If
any payment due to the Provider is not received on the due date, without prejudice to any other of the Provider’s rights or remedies the Company shall in addition to payment of the price, pay interest at a rate per annum that shall not be lower
than European Central Bank applicable interest rate plus [*****] per year for every other sales from time to time on any sum remaining unpaid after the due date until the actual date of receipt by the Provider of the payment, such interest
being calculated on a daily basis. The Company shall reimburse all costs and expenses (including legal costs) incurred in the collection of any overdue amount.” 
  

	 	(iii)	Any other provision of the Article 12 shall remain in full force and effect. 

  

	3.9	Amendment to Article 13 - “SECURITY DEPOSIT” 

  

	 	(i)	The paragraph 13.1 of Article 13 is cancelled and substituted by the following: 

 “Upon
signature of this Agreement, the Company shall pay to the Provider a cash deposit in an amount equal to: 
  

	 	(i)	[*****] provided to the Company by the Provider for the entire Final Fleet, calculated as per above Clauses 10 and Clause 12.1, 

 

	 	(ii)	[*****] of the Stock value at the date of integration in this Agreement, such amount shall be accordingly adjusted to Stock change as set in Exhibit 10 

to be held by the Provider pursuant to this Agreement (the “Security Deposit”).” 

 

	 	(ii)	With respect to the here above amended paragraph 13.1, the Company shall pay to the Provider an amount corresponding to the difference between the Security Deposit previously paid under the GMA TRIP and GMA AZUL and the
Security Deposit amount due respectively under the Amended GMA TRIP and Amended GMA AZUL. 

  

	 	(iii)	Any other provision of the Article 13 shall remain in full force and effect. 

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 12 / 49
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	3.10	Amendment to Article 18 “NOTICE” 

  

	 	(i)	The Article 18 is cancelled and substituted by the following: 

 “All notices and
requests required or authorized hereunder shall be given in writing and in English (or, if not in English, with a certified English translation) either by personal delivery to an authorised representative of the Party to whom the same is given or by
registered mail (return receipt requested) or by facsimile. 
 If there is a difference between the English language version of any
such notice or request and any version in any other language, the English language version shall apply. 
 The date upon which any
such notice or request is so personally delivered or if such notice or request is given by registered mail (return receipt requested) or by facsimile, the date upon which it is received by the addressee shall be deemed to be the effective date of
such notice or request. 
 The Provider shall be addressed at: 

AVIONS DE TRANSPORT REGIONAL, G.I.E. 

1, allee Pierre Nadot 

31712 Blagnac CEDEX 

France 
  

			
	Attention:	  	Mr. Cyril DUPUY
		
	Fax:	  	+33562216740

 The Company shall be addressed at: 

AZUL/TRIP 

Avenida Marcos Penteado de Ulhôa Rodrigues, 939 - Edificio Castello Branco Office Park - Torre Jatoba -9° andar - CEP 06460-040 -
Alphaville Industrial, Barueri, São Paulo, Brazil 
  

			
	Attention:	  	Evandro Braga - Technical Officer
		
	Fax:	  	55 11 4134-9890

  

	3.11	Amendment to Exhibit 1 “LIST OF ATR AIRCRAFT COVERED UNDER THIS AGREEMENT” 

The Exhibit 1-A1 is cancelled and substituted in its entirety by the Exhibit 1-A2 attached hereto and any reference to Exhibit 1 in the
Agreement shall be construed as reference to such Exhibit 1-A2. 
  

	3.12	Amendment to Exhibit 3 “STOCK” 

 The Exhibit 3-A4 is cancelled and
substituted in its entirety by the Exhibit 3-A5 attached hereto and any reference to Exhibit 3 in the Agreement shall be construed as reference to such Exhibit 3-A5. 
  

	3.13	Amendment to Exhibit 4 “LRU(s) AVAILABLE FOR REPAIR AND STANDARD EXCHANGE SERVICES” 

The Exhibit 4-A2 is cancelled and substituted in its entirety by the Exhibit 4-A4 attached hereto and any reference to Exhibit 4 in the
Agreement shall be construed as reference to such Exhibit 4-A3. 

  

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 13 / 49
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	3.14	Amendment to Exhibit 7 “ADDITIONAL STOCK” 

 The Exhibit 7-Al is
cancelled and substituted in its entirety by the Exhibit 7-A2 attached hereto and any reference to Exhibit 7 in the Agreement shall be construed as reference to such Exhibit 7-A2. 

 

	3.15	Amendment to Exhibit 10 “LEASE OF STOCK” 

  

	 	a)	Clause 1 of the Exhibit 10 - Lease Stock of the Agreement shall be cancelled and substituted by the following: 

“The Provider agrees to lease the Stock to Company and Company agrees to take the Stock on lease for positioning at the Storage Location, 

 

	(i)	Rodovia Santos Dumont, Km 66, Jardim Itatinga, Campinas - São Paulo, Brazil CEP 13052-970. 

  

	(ii)	Au Portugal, 5139, Itapoa - Belo Horizonte, Minas Genais, Brazil 

 The provision, holding, use and
disposal of the Stock and its review shall be subject to the terms and conditions of this Agreement. 
  

	 	b)	Clause 2.4 of the Exhibit 10 - Lease Stock of the Agreement shall be cancelled and substituted by the following: 

The Stock total value of Exhibit 3 list shall be: 

For the initial AZUL stock delivered under economic conditions 2010, 

[*****] 
 For the stock delivered under the AZUL amendment 3
under economic conditions 2011, 
 [*****] 
 For the
stock delivered under the AZUL amendment 4 under economic conditions 2011, 
 [*****] 

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

[*****] 
 For the second batch limited to the parts not
recommended by the repairer, stock delivered as set in Exhibit 3-A5 of the Amendment under the GMA TRIP under economic conditions 2011 
 [*****] 

For the sake of clarity, parts of the Stock contained into the second batch that are recommended by Repairer, are provided [*****] delivered under
the GMA TRIP under economic conditions 2011 
 [*****] 

For the batch related to the Amendment 5, stock delivered under economic conditions 2013 

[*****] 
  

	 	c)	Clause 2.5 of the Exhibit 10 - Lease Stock of the Agreement shall be cancelled and substituted by the following: 

“The Stock total value of Exhibit 7 list, under economic conditions 2010, shall be: 

For the stock delivered under the AZUL amendment 1 

[*****] 

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 14 / 49
		 	Issue 3 – DSC 0014/13	 	

 For the stock delivered under the GMA TRIP 

[*****] 
 For the sake of clarity the Stock total value is
the sum of the Stock total value of Exhibit 3 list and the Stock total value of Exhibit 7 list, i.e. 
 [*****] 

 

	 	d)	Any other provision of the Exhibit 10 shall remain in full force and effect. 

  

	3.16	Amendment to Exhibit 11 “SPARE PARTS STANDARD EXCHANGE SERVICE” 

  

	 	a)	Clause 4.1 of the Exhibit 11 - Spare Parts Standard Exchange Service of the Agreement shall be cancelled and substituted by the following: 

 

	4.1	“Dispatch Lead Time  

  

	 	(i)	The Company shall deliver to the Provider’s facilities indicated in Article 6 the Unserviceable LRU with the Form 6-3 duly filled-in, as standard exchange core parts, within a maximum [*****]. In the
event the Unserviceable LRU is not returned within the above said period, the Provider shall be entitled to charge the Company late fee equivalent to [*****] of the value of the part per day starting from the [*****] after the
standard exchange Work Order date. For the sake of clarity, the Provider shall waive the application of the above described late fees in the event that the Provider will be late to make available to the Company the serviceable LRU in accordance with
the lead time set here above in the Clause 3.2; 

  

	 	(ii)	when dispatching the Unserviceable LRU, the Company will also send by fax or by telex or by email all the data related to the dispatch (including, but not restricted to, the date of dispatch and the carrier’s
name); 

  

	 	(iii)	notwithstanding the above provision in (i), in the event an Unserviceable LRU is not received by the Provider [*****] after the Company’s standard exchange Work Order date, the Provider has the right to
declare this corresponding part as lost and to invoice the Company the amount of the part sent in exchange by the Provider; such invoice will be considered as a sale of the involved part from the Provider to the Company which will gain the title to
property on this part after the full payment of the Provider’s invoice and the Provider shall be entitled [*****] as from the Provider’s invoice is sent to withdraw the amount of the Provider’s invoice from the Security Deposit
as specified in Article 13; 

  

	 	(iv)	in case of accumulated LRU not received in accordance with above sub-clause (iii), the Provider will be entitled at its sole discretion to withdraw the provision of access by the Company to the Pool parts having
given [*****] prior written notice;” 

  

	 	b)	Any other provision of the Exhibit 11 shall remain in full force and effect. 

  

	3.17	Amendment to Exhibit 12 “LRU AND MAIN ELEMENTS REPAIR SERVICES” 

  

	 	(i)	The last sentence of Clause 11.1.1 of the Exhibit 12 - LRU and Main Elements Repair Services of the Agreement shall be cancelled and substituted by: 

“For the sake of clarity, propeller blades may be available through the standard exchange Service, as per the Exhibit 11 (“Spare
parts standard exchange Service”).” 
  

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

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 15 / 49
		 	Issue 3 – DSC 0014/13	 	

	3.18	Amendment to Exhibit 12 “LRU AND MAIN ELEMENTS REPAIR SERVICES” 

  

	 	a)	Clause 11.2.1 of the Exhibit 12- LRU and Main Elements Repair Services of the Agreement shall be cancelled and substituted by the following: 

“11.2.1 Any off-Aircraft maintenance tasks and works to be performed on Main Elements shall be carried out in accordance with
the technical specifications stipulated by the OEM of each Main Element. Such maintenance tasks with respect to each Aircraft comprise the following services on which are based the prices set out in Clause 10.3 of the Agreement: 

 

	 	(i)	for the propellers (manufacturer Hamilton Standard): 

  

	 	•	 	scheduled maintenance for the propeller hub, actuator, transfer tube, adjusting nut  

  

	 	•	 	scheduled maintenance specific to propeller blades,  

  

	 	•	 	spare replacement (temporary loan) for sub-items returned for shop maintenance. 

For the sake of clarity, 
  

	 	•	 	dome replacement and armbore repair will be subject to a case by case quotation  

  

	 	•	 	de-icer and nickel sheath replacements are at a fixed flat rate 

  

	 	•	 	embodiment of Airworthiness Directives, modifications and/or Service Bulletins will be subject to a case by case quotation 

 

	 	(ii)	for the landing gears (manufacturer Messier-Dowty):  

  

	 	•	 	scheduled maintenance,  

  

	 	•	 	basic unscheduled repair (BUR), 

  

	 	•	 	spare replacement (temporary loan) for sub-items returned for shop maintenance. 

For the sake of clarity, 
  

	 	•	 	Life Limited parts repairs or replacement will be subject to a case by case quotation  

  

	 	•	 	Wheels and Brakes maintenance can be provided on spot basis 

  

	 	•	 	embodiment of Airworthiness Directives, modifications and/or Service Bulletins will be subject to a case by case quotation” 

 

	 	b)	Any other provision of the Exhibit 12 shall remain in full force and effect. 

  

	3.19	Amendment to Exhibit 12 “LRU AND MAIN ELEMENTS REPAIR SERVICES” 

  

	 	a)	Clause 11.2.2(iii) of the Exhibit 12 - LRU and Main Elements Repair Services of the Agreement shall be cancelled and substituted by the following: 

“(iii) for landing gears of ATR 42-500, 72-500, 72-600 Aircraft: overhaul at [*****], or should the first occurs, the calendar
limit of [*****] for ATR 72-500 /72-600 and [*****] for ATR 42-500” 
  

	 	b)	Any other provision of the Exhibit 12 shall remain in full force and effect. 

  

	3.20	Amendment to Exhibit 12 “LRU AND MAIN ELEMENTS REPAIR SERVICES” 

  

	 	a)	Clause 11.3.4 of the Exhibit 12 - LRU and Main Elements Repair Services of the Agreement shall be cancelled and substituted by the following: 

“II.3.4 Return to the Provider of the Main Element or Replacement Spare Main Element 

At the time the Provider delivers to Company a replacement spare Main Element or returns any repaired or overhauled Main Element to the
Company, for fitment on Company’s Aircraft, the Company will deliver back to the Provider the Main Element removed for repair or overhaul or the replacement spare Main Element previously obtained from the Provider, on a date (the
“Due Date”) that will not exceed [*****] (including time for transportation, customs clearance and transit) such period starting from the date the Company receives the replacement spare Main Element or the
repaired or overhauled Main Element. When the Main Element removed for repair or overhaul is replaced by a replacement spare Main Element of the Stock or a spare of Company’s property, Company shall return to Provider or the designated Repair
Shop such removed Main Element within the same maximum [*****] period, starting from its removal date. A grace period of [*****] shall apply into the calculation of the above mentioned late fees, i.e. if the spare Main Element is
returned within such [*****], late fee will not apply. At the same time, if the spare Main Element is not returned within the grace period, late fee will apply starting from the [*****] after that the Main Element belonging to the
Company has been returned to the Provider. 

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 16 / 49
		 	Issue 3 – DSC 0014/13	 	

 For returning the Main Elements and replacement spare Main Elements to the Provider, the
Company shall use adapted container or when applicable the containers received from the Provider. Any container received by the Provider or its approved Repair Shop in incomplete or damaged condition from the Company shall be subject to
refurbishment or replacement at Company’s cost and expense in addition to the prices specified in Clause 10 of the Agreement. 

Notwithstanding any other Provider’s right, should the Company fails to deliver the Main Element removed for repair or overhaul or the
spare replacement Main Element(s) back to the Provider or the Repair Shop on the above Due Date, the Provider may charge late returns fees to the Company in an aggregate amount of 

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

per day of delay as from the Due Date until the replacement spare Main Element or the Main Element is duly received by the Provider or the
Repair Shop. The Provider shall be entitled to withdraw such late return fees from the Security Deposit pursuant to Clause 13.” 
  

	 	b)	Any other provision of the Exhibit 12 shall remain in full force and effect. 

  

	3.21	Addition of the Exhibit 15 “ADVANCED POOL STOCK” 

 The Exhibit 15
attached hereto is added to the GMA. 
  

	4.	Additional Conditions as per Proposal 

 The Provider commits to offer to AZUL
and/or TRIP, as relevant, [*****] ATR proprietary parts purchased by the AZUL and/or TRIP, as relevant, for the Aircraft it operates, as long as the Amended GMA AZUL and/or Amended GMA TRIP, as relevant, is in force. Any provision of discount shall
not be eligible to any other reduction or any specific Provider reward program. 
  

	5.	Entry into force and Conditions Precedent 

 The Covenant will come into full force
and effect with retroactive effect at February 1st, 2013 once (i) executed by both Parties and (ii) the settlement of any due amount by TRIP and AZUL in compliance with the
provisions of Clause 3.7(ii) here above has been made. 
  

	6.	Miscellaneous 

  

	 	6.1	Governing Law 

 Pursuant to and in accordance with Section 5-1401 of the New
York General Obligations Law, the Parties hereto agree that this Agreement in all respects shall be governed by, and construed in accordance with, the laws of the State of New York, U.S.A. as applied to contracts to be performed wholly within the
State of New York (Exclusive of Section 7-101 of the New York General Obligations Law which is inapplicable to this Contract). 
  

	 	6.2	Arbitration 

 Any dispute (a “Dispute”) arising out of
or in connection with this Agreement (including a dispute regarding the existence, validity or termination of this Agreement or the consequences of its nullity) shall be referred to and finally resolved by arbitration under the Rules of Arbitration
of the International Chamber of Commerce (ICC) (the “Rules”), which Rules are deemed to be incorporated by reference into this arbitration agreement. 

The arbitral tribunal shall consist of three (3) arbitrators. The seat of arbitration shall be New York, U.S.A. or any other place
mutually agreed by the parties. All hearings shall take place in New York, New York or any other place mutually agreed by the parties and the language of the arbitration shall be English. 

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 17 / 49
		 	Issue 3 – DSC 0014/13	 	

 The governing law of this arbitration agreement shall be the substantive laws of the State of
New York, U.S.A. 
  

	 	6.3	To the extent not inconsistent with this Covenant, all other terms and conditions of the Amended GMA AZUL and Amended GMA TRIP shall continue in full force and effect. 

If, at any time, any of the provisions of this Covenant is or becomes invalid, illegal or unenforceable in any respect under the law of any
jurisdiction, neither the validity, legality or enforceability of the remaining provisions hereof nor the validity, legality or enforceability of such provision(s) under the laws of any other jurisdiction shall in any way be affected or impaired
thereby. 
 For the sake of clarity, it is hereby stated and agreed by the Parties that: 

 

	 	(i)	Except otherwise provided by the Parties, contractual relationship between the Parties until January 31st 2013 shall remain governed by the terms and conditions
of the GMA TRIP and GMA AZUL, as relevant. 

  

	 	(ii)	For the sake of clarity and as provided hereunder, contractual relationship between the Parties as from February 1st, 2013 shall be governed in compliance with
the terms and conditions of the Amended GMA AZUL and Amended GMA TRIP, as relevant. 

  

	 	6.4	Unless required by law or applicable regulations, the Parties hereby agree not to disclose the terms of this Covenant to any third party, other than (i) any permitted assigns or (ii) the professional advisors
of the Parties. 

  

	 	6.5	This Covenant can be modified only by a written document signed by the Parties through their duly authorized representatives. 

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 18 / 49
		 	Issue 3 – DSC 0014/13	 	

 EXECUTlON PAGE 

This Covenant has been executed in three (3) original copies in the English language. 

 

			
	For and on behalf	 	
	AZUL	 	
		
	 /s/ John Peter Rodgerson
 Signed by: John Peter
Rodgerson
	 	
	Function: Attorney In Fact	 	
	Date: August 20, 2013	 	
		
	For and on behalf	 	
	TRIP	 	
		
	 /s/ José Mario Caprioli dos Santos

Signed by: José Mario Caprioli dos Santos
	 	 /s/ Evandro Braga de Oliveira
 Evandro Braga de
Oliveira

	Function: CEO	 	Management and Quality Director
	Date: August 20, 2013	 	August 21, 2013
		
	For and on behalf	 	
	AVIONS DE TRANSPORT REGIONAL	 	
		
	 /s/ Massimo Castorina
 Signed by: Massimo
Castorina
	 	
	 Function: Vice President Commercial

 Product Support & Services
	 	
	Date: September 2, 2013	 	

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 19 / 49
		 	Issue 3 – DSC 0014/13	 	

 EXHIBIT 1-A2 – LIST OF ATR AIRCRAFT COVERED UNDER THIS AGREEMENT 

The following Exhibit is composed of two (2) pages 
  

	
	[*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 20 / 49
		 	Issue 3 – DSC 0014/13	 	

	
	[*****]

 Part Number of each assembly and subcomponent shall be provided by the Company. 

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 21 / 49
		 	Issue 3 – DSC 0014/13	 	

 EXHIBIT 3-A5 – STOCK 

The following Exhibit is composed of twelve (12) pages, into which are listed [*****] part numbers. 

 

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

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

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 22 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	[*****]	  	AXIS	  	[*****]
	[*****]	  	TRANSMITTER-POSITION SYNCHRO	  	[*****]
	[*****]	  	RESERVOIR-BRAKE	  	[*****]
	[*****]	  	CYLINDER-MASTER	  	[*****]
	[*****]	  	VALVE-SELECTOR, LG	  	[*****]
	[*****]	  	ACCUMULATOR-PARKING	  	[*****]
	[*****]	  	ABSORBER-SHOCK	  	[*****]
	[*****]	  	VALVE-PARKING	  	[*****]
	[*****]	  	VALVE-BRAKE	  	[*****]
	[*****]	  	VALVE-RELIEF, LOW PRESSURE	  	[*****]
	[*****]	  	VALVE-BRAKE	  	[*****]
	[*****]	  	VALVE-DIFFERENTIAL CONTROL SELECTOR	  	[*****]
	[*****]	  	BOX-UPLOCK	  	[*****]
	[*****]	  	FLUX VALVE	  	[*****]
	[*****]	  	VALVE-FEED STOP	  	[*****]
	[*****]	  	PUMP-PROPELLER FEATHERING	  	[*****]
	[*****]	  	PUSH-PULL CABLE-PROP CONDITION	  	[*****]
	[*****]	  	PUMP GOVERNOR-PROPELLER OVERSPEED	  	[*****]
	[*****]	  	EXCITER - IGNITION I.C.	  	[*****]
	[*****]	  	EJECTOR, FUEL WASTE	  	[*****]
	[*****]	  	SERVO VALVE	  	[*****]
			
	[*****]	  	FUEL PUMP	  	[*****]
	[*****]	  	PUSH-PULL CABLE-PROPELLER POWER	  	[*****]
	[*****]	  	ACTUATOR-OIL COOLER FLAP	  	[*****]
	[*****]	  	COOLER-OIL	  	[*****]
	[*****]	  	REFERENCE UNIT-ATTITUDE AND HEADING	  	[*****]
	[*****]	  	GROUND COOLING FAN	  	[*****]
	[*****]	  	SMOKE DETECTOR	  	[*****]
		  		  	  

	[*****]	  	 TOTAL AZUL Addn 4
	  	[*****]
		  		  	  

	[*****]	  	CONTROLLER-DIGITAL	  	[*****]
	[*****]	  	COOLING UNIT	  	[*****]
	[*****]	  	FAN-AIR EXTRACTION	  	[*****]
	[*****]	  	VALVE-ELECTROPNEUMATIC OUTFLOW	  	[*****]
	[*****]	  	VALVE-PACK FLOW CONTROL	  	[*****]
	[*****]	  	VALVE-PNEUMATIC OUTFLOW	  	[*****]
	[*****]	  	VALVE-SHUTOFF TURBOFAN	  	[*****]
	[*****]	  	VALVE-TRIM AIR	  	[*****]
	[*****]	  	VALVE-TURBINE INLET CONTROL	  	[*****]
	[*****]	  	COUPLER HF ANTENNA	  	[*****]
	[*****]	  	ECU-3000	  	[*****]
	[*****]	  	HANDSET-CABIN ATTENDANT	  	[*****]
	[*****]	  	MANAGEMENT UNIT-ACARS	  	[*****]
	[*****]	  	TRANSCEIVER-HF	  	[*****]
	[*****]	  	VHF/COMM TRANSCEIVER	  	[*****]
	[*****]	  	VHF-4000-8,33 KHZ	  	[*****]
	[*****]	  	CONTROL UNIT-BUS POWER, DC	  	[*****]
	[*****]	  	CONTROL UNIT-GENERATOR, DC	  	[*****]
	[*****]	  	GENERATOR-AC	  	[*****]
	[*****]	  	SENSOR-HALL EFFECT	  	[*****]
	[*****]	  	STATIC INVERTER	  	[*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 23 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	[*****]	  	TRANSFORMER RECTIFIER UNIT	  	[*****]
	[*****]	  	TRANSMITTER-EMERGENCY LOCATOR	  	[*****]
	[*****]	  	DETECTOR UNIT	  	[*****]
	[*****]	  	HANDLE-ENG2 FIRE	  	[*****]
	[*****]	  	ACTUATOR-FLAP	  	[*****]
	[*****]	  	DAMPER-RUDDER	  	[*****]
	[*****]	  	REFUEL CONTROL PANEL	  	[*****]
	[*****]	  	INDICATOR LEVEL SWITCH	  	[*****]
	[*****]	  	PUMP-ELECTRIC, AC	  	[*****]
	[*****]	  	DETECTOR-ICE	  	[*****]
	[*****]	  	VALVE-ANTI ICING PRESS REG AND SHUTOFF	  	[*****]
	[*****]	  	VALVE-ANTI ICING SHUTOFF	  	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	[*****]	  	CLOCK	  	[*****]
	[*****]	  	DIGITAL FLIGHT DATA RECORDER	  	[*****]
	[*****]	  	EFIS CONTROL PANEL LH SIDE	  	[*****]
	[*****]	  	EFIS CONTROL PANEL RH SIDE	  	[*****]
	[*****]	  	INDEX CONTROL PANEL	  	[*****]
	[*****]	  	INTEGRATED AVIONICS DISPLAY	  	[*****]
	[*****]	  	MPC-ED36	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	MULTI-FUNCTION CONTROL PANEL	  	[*****]
	[*****]	  	MULTIPURPOSE CONTROL & DISPLAY UNIT	  	[*****]
	[*****]	  	SENSOR-WHEEL SPEED	  	[*****]
	[*****]	  	VALVE-DIFFERENTIAL CONTROL SELECTOR	  	[*****]
	[*****]	  	VALVE-SELECTOR, SWIVEL	  	[*****]
	[*****]	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	[*****]	  	LIGHT-ANTICOLLISION, WHITE	  	[*****]
	[*****]	  	LIGHT-ANTI COLLISION, RED	  	[*****]
	[*****]	  	LIGHT-LANDING	  	[*****]
	[*****]	  	LIGHT-STROBE	  	[*****]
	[*****]	  	POWER SUPPLY-UNIT ANTI COLLISION LIGHT	  	[*****]
	[*****]	  	POWER SUPPLY-UNIT ANTI COLLISION LIGHT	  	[*****]
	[*****]	  	AIR DATA COMPUTER	  	[*****]
	[*****]	  	ATC TRANSPONDER	  	[*****]
	[*****]	  	ATTITUDE HEADING REF UNIT	  	[*****]
	[*****]	  	FLUX VALVE	  	[*****]
	[*****]	  	INTEGRATED ELEC STAND-BY EQUIP	  	[*****]
	[*****]	  	INTERROGATOR-DME	  	[*****]
	[*****]	  	NAVIGATOR PROCESSOR UNIT (GPS RECEIVER)	  	[*****]
	[*****]	  	PROBE-AIR TEMPERATURE	  	[*****]
	[*****]	  	PROBE-PITOT	  	[*****]
	[*****]	  	RADIO-ALTIMETER TRANSCEIVER	  	[*****]
	[*****]	  	RECEIVER-VOR/ILS/MKR	  	[*****]
	[*****]	  	T2CAS COMPUTER	  	[*****]
	[*****]	  	TRANSCEIVER-WEATHER RADAR	  	[*****]
	[*****]	  	VOR/ILS/MKR RECEIVER	  	[*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 24 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	[*****]	  	WX RADAR CONTROL PANEL	  	[*****]
	[*****]	  	TRANSMITTER/ REGULATOR - OXYGEN PRESS	  	[*****]
	[*****]	  	DUCT-DISCHARGE DOWNSTREAM VALVE	  	[*****]
	[*****]	  	VALVE ASSY-SHUTOFF	  	[*****]
	[*****]	  	VALVE-XFEED, AIR BLEED	  	[*****]
	[*****]	  	CAC SWM	  	[*****]
	[*****]	  	CORE AVIONICS CABINET I/P O/P MODULE AP	  	[*****]
	[*****]	  	CORE AVIONICS CABINET I/P O/P MODULE-S	  	[*****]
	[*****]	  	CORE AVIONICS CABINET I/P O/P MODULE-DC	  	[*****]
	[*****]	  	INTEGRATED CORE PROCESSING MODULE	  	[*****]
	[*****]	  	PROPELLER BLADES	  	[*****]
	[*****]	  	PROPELLER ASSEMBLY	  	[*****]
	[*****]	  	BRUSH BLOCK ASSY	  	[*****]
	[*****]	  	CONTROL ELECTRONIC-PROPELLER	  	[*****]
	[*****]	  	GOVERNOR-PROPELLER OVERSPEED	  	[*****]
	[*****]	  	MODULE VALVE PROPELLER	  	[*****]
	[*****]	  	SWITCH-PRESSURE, HYDRAULIC	  	[*****]
	[*****]	  	PIPE-EXHAUST	  	[*****]
	[*****]	  	TRANSMITTER-FUEL FLOW	  	[*****]
	[*****]	  	ENGINE ELECTRONIC CONTROL	  	[*****]
	[*****]	  	SENSOR TORQUE METER	  	[*****]
	[*****]	  	VALVE ASSY, INTERCOMPRESS BLEED	  	[*****]
	[*****]	  	VALVE INTERCOMPRESSOR BLEED	  	[*****]
	[*****]	  	MFC	  	[*****]
			
	[*****]	  	CONTROL, AUTOFEATHER	  	[*****]
	[*****]	  	COOLER - OIL	  	[*****]
	[*****]	  	FLOW DIVIDER & DUMP VALVE	  	[*****]
			
	[*****]	  	FUEL HEATER	  	[*****]
		  		  	  

	 TOTAL AZUL Addn 3
	  	[*****]
		  		  	  

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

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

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 25 / 49
		 	Issue 3 – DSC 0014/13	 	

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

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

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 26 / 49
		 	Issue 3 – DSC 0014/13	 	

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

			
	[*****]	  	VALVE-HP AIR BLEED	  	[*****]
			
	[*****]	  	VALVE-XFEEDAIR BLEED	  	[*****]
	[*****]	  	PUMP-PROPELLER FEATHERING	  	[*****]
	[*****]	  	SWITCH-PRESSURE, HYDRAULIC	  	[*****]
			
	[*****]	  	PIPE-EXHAUST	  	[*****]
	[*****]	  	TRANSMITTER FUEL FLOW	  	[*****]
	[*****]	  	PUSH-PULL CABLE-PROPELLER POWER	  	[*****]
	[*****]	  	ACTUATOR-OIL COOLER FLAP	  	[*****]
			
	[*****]	  	COOLER-OIL	  	[*****]
			
	[*****]	  	BRAKE, PROPELLER	  	[*****]
			
	[*****]	  	EXCITER - IGNITION LC.	  	[*****]
			
	[*****]	  	EJECTOR, FUEL WASTE	  	[*****]
			
	[*****]	  	COOLER-OIL	  	[*****]
			
	[*****]	  	SERVO VALVE	  	[*****]
	[*****]	  	VALVE INTERCOMPRESSOR BLEED	  	[*****]
			
	[*****]	  	FUEL HEATER	  	[*****]
			
	[*****]	  	FUEL PUMP	  	[*****]
		  		  	  

	 TOTAL AZUL LS ATR 200
	  	[*****]
		  		  	  

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

	[*****]	  	PROPELLER ASSY	  	[*****]
	[*****]	  	PROPELLER ASSY	  	[*****]
	[*****]	  	MULTIFUNCTION COMPUTER	  	[*****]
	[*****]	  	PROPELLER ASSY	  	[*****]
			
	[*****]	  	MFC	  	[*****]
	[*****]	  	MFC	  	[*****]
	[*****]	  	BRAKE, PROPELLER	  	[*****]
	[*****]	  	BRAKE, PROPELLER	  	[*****]
	[*****]	  	AIR DATA COMPUTER	  	[*****]
	[*****]	  	STARTER GENERATOR-DC	  	[*****]
	[*****]	  	BLADE PROPELLER	  	[*****]
	[*****]	  	TRANSCEIVER-TCAS	  	[*****]
	[*****]	  	BRAKE, PROPELLER	  	[*****]
	[*****]	  	BRAKE, PROPELLER	  	[*****]
	[*****]	  	MODULE VALVE PROPELLER	  	[*****]
	[*****]	  	MODULE VALVE PROPELLER	  	[*****]
			
	[*****]	  	ACTUATOR-NOSE	  	[*****]
	[*****]	  	FCU-HYDRO MECHANICAL	  	[*****]
	[*****]	  	ELECTRONIC ENGINE CONTROL UNIT	  	[*****]
	[*****]	  	COMPUTER-AFCS	  	[*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 27 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	[*****]	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	[*****]	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	[*****]	  	TRANSCEIVER-RADIO ALTIMETER	  	[*****]
	[*****]	  	GROUND PROXIMITY WARNING COMPUTER	  	[*****]
	[*****]	  	VALVE-HP AIR BLEED	  	[*****]
	[*****]	  	INDICATOR-VERTICAL SPEED	  	[*****]
	[*****]	  	GENERATOR-AC	  	[*****]
	[*****]	  	COOLER-OIL	  	[*****]
	[*****]	  	REMOTE CONTROL AUDIO UNIT	  	[*****]
	[*****]	  	VALVE-DEFERENTIAL CONTROL SELECTOR	  	[*****]
	[*****]	  	VALVE INTERCOMPRESSOR BLEED	  	[*****]
	[*****]	  	FLIGHT DATA ACQUISITION UNIT	  	[*****]
	[*****]	  	FLIGHT DATA ACQUISITION UNIT	  	[*****]
	[*****]	  	FLIGHT DATA ACQUISITION UNIT	  	[*****]
	[*****]	  	ACTUATOR-MAIN	  	[*****]
	[*****]	  	ACTUATOR-MAIN RH	  	[*****]
	[*****]	  	ADVISORY DISPLAY UNIT-AFCS	  	[*****]
	[*****]	  	VALVE ASSY-P2.5, P3 AIR PRESS VALVE	  	[*****]
			
	[*****]	  	CONDENSER	  	[*****]
	[*****]	  	TRANSFORMER RECTIFIER UNIT	  	[*****]
	[*****]	  	CONTROL, AUTOFEATHER	  	[*****]
	[*****]	  	VALVE BLOCK-FLAP	  	[*****]
	[*****]	  	VALVE BLOCK-FLAP	  	[*****]
	[*****]	  	FUEL HEATER	  	[*****]
	[*****]	  	ACTUATOR-MAIN	  	[*****]
			
	[*****]	  	PROBE-CCAS ALPHA	  	[*****]
	[*****]	  	PROBE-CCAS ALPHA	  	[*****]
	[*****]	  	COUPLER-HF ANTENNA	  	[*****]
	[*****]	  	GOVERNOR-PROPELLER OVSP	  	[*****]
	[*****]	  	DUCT-DISCHARGE DOWNSTREAM VALVE	  	[*****]
	[*****]	  	CONTROLLER-DIGITAL	  	[*****]
	[*****]	  	RECEIVER-VOR/ILS/MKR	  	[*****]
	[*****]	  	FUEL PUMP	  	[*****]
	[*****]	  	VALVE-ELECTROPNEUMATIC OUTFLOW	  	[*****]
	[*****]	  	MOUNT ANTENNA-WEATHER RADAR	  	[*****]
	[*****]	  	PUMP, HYDRAULIC, OVSP GOV	  	[*****]
	[*****]	  	CONTROL ELECTRONIC-PROPELLER	  	[*****]
			
	[*****]	  	BOBBIN	  	[*****]
	[*****]	  	DATA COLLECTION UNIT	  	[*****]
	[*****]	  	PUMP-ELECTRIC, AC	  	[*****]
	[*****]	  	TRANSCEIVER-HF	  	[*****]
	[*****]	  	RESISTOR-HORN ANTI ICING, LH ELEVATOR	  	[*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 28 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	[*****]	  	RESISTOR-HORN ANTI-ICING, RH ELEVATOR	  	[*****]
	[*****]	  	ACTUATOR-CARGO DOOR	  	[*****]
	[*****]	  	INTERROGATOR-DME	  	[*****]
	[*****]	  	INDICATOR-CAB PRESS	  	[*****]
	[*****]	  	VALVE-ANTI ICING PRESS REGULATOR AND SHUTOFF	  	[*****]
	[*****]	  	VALVE-SELECTOR, SWIVEL	  	[*****]
	[*****]	  	SOLID STATE FLIGHT DATA RECORDER	  	[*****]
	[*****]	  	ANTENNA-TCAS	  	[*****]
	[*****]	  	CONTROL PANEL-AFCS	  	[*****]
	[*****]	  	PUMP-ELECTRIC, AUXILIARY, DC	  	[*****]
	[*****]	  	TRANSCEIVER-VHF	  	[*****]
	[*****]	  	ASSISTER-FREE FALL, MLG	  	[*****]
	[*****]	  	CONTROLLER-INSTRUMENT REMOTE	  	[*****]
	[*****]	  	COUPLER HF ANTENNA	  	[*****]
	[*****]	  	SEAT-DISABLED PASSENGER, RH	  	[*****]
	[*****]	  	SEAT-DISABLED PASSENGER, LH	  	[*****]
	[*****]	  	CONTROLLER-INSTRUMENT REMOTE	  	[*****]
	[*****]	  	DAMPER-RUDDER	  	[*****]
	[*****]	  	BAR ASSY-TORQUE	  	[*****]
	[*****]	  	HANDLE-ENG1 FIRE	  	[*****]
	[*****]	  	HANDLE-ENG2 FIRE	  	[*****]
	[*****]	  	INDICATOR-TAS/TEMP	  	[*****]
	[*****]	  	CONTROL PANEL-EFIS	  	[*****]
	[*****]	  	PROBE-AIR TEMPERATURE	  	[*****]
	[*****]	  	SENSOR-HALL EFFECT	  	[*****]
	[*****]	  	HANDSET-CABIN ATTENDANT	  	[*****]
	[*****]	  	JOINT	  	[*****]
	[*****]	  	INDICATOR-FUEL FLOW/FUEL USED, KG	  	[*****]
	[*****]	  	CLOCK	  	[*****]
	[*****]	  	VALVE-SELECTOR, LG	  	[*****]
	[*****]	  	SHOCKMOUNT-AFT LATERAL, RH	  	[*****]
	[*****]	  	EXCITER - IGNITION I.C.	  	[*****]
	[*****]	  	SENSOR TORQUE METER	  	[*****]
	[*****]	  	SENSOR TORQUE METER	  	[*****]
	[*****]	  	INDICATOR-FUEL QUANTITY, KG	  	[*****]
	[*****]	  	INDICATOR-FUEL QUANTITY, KG	  	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	[*****]	  	MASK ASSY-REGULATOR, OXYGEN	  	[*****]
	[*****]	  	CONTROL BOX-WEATHER RADAR	  	[*****]
	[*****]	  	DETECTOR UNIT	  	[*****]
	[*****]	  	TRANSCEIVER-VHF	  	[*****]
	[*****]	  	VALVE-DE ICING DUAL DISTRIBUTOR	  	[*****]
	[*****]	  	BATTERY-MAIN	  	[*****]
	[*****]	  	ACCELEROMETER-THREE AXIS	  	[*****]
	[*****]	  	PUMP-PROPELLER	  	[*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 29 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	[*****]	  	FEATHERING	  	[*****]
	[*****]	  	MOTOR-WIPER, F/O	  	[*****]
	[*****]	  	MOTOR-WI PER, CAPTAIN	  	[*****]
			
	[*****]	  	INDICATOR-PRESSURE, TRIPLE	  	[*****]
	[*****]	  	ACTUATOR-UNLOCKING, MLG	  	[*****]
	[*****]	  	PANEL-ATTENDANT	  	[*****]
	[*****]	  	SENSOR, TORQUE MONITOR	  	[*****]
	[*****]	  	INDICATOR-ITT	  	[*****]
			
	[*****]	  	CONTROL UNIT-TCAS	  	[*****]
	[*****]	  	SWITCH-PROXIMITY	  	[*****]
	[*****]	  	SERVO VALVE	  	[*****]
	[*****]	  	SWITCH-PROXIMITY	  	[*****]
	[*****]	  	VALVE-REFUEL/DEFUEL	  	[*****]
	[*****]	  	SWITCH-OVER TEMPERATURE	  	[*****]
	[*****]	  	CYLINDER-MASTER	  	[*****]
	[*****]	  	INDICATOR-AIRSPEED, STANDBY	  	[*****]
	[*****]	  	COMPENSATOR-COLD JUNCTION	  	[*****]
	[*****]	  	COMPENSATOR-COLD JUNCTION	  	[*****]
	[*****]	  	TRANSMITTER-FUEL FLOW	  	[*****]
	[*****]	  	COMPENSATOR-COLD JUNCTION	  	[*****]
	[*****]	  	TANK-FUEL DRAIN AND EJECTOR PUMP	  	[*****]
	[*****]	  	EJECTOR, FUEL WASTE	  	[*****]
	[*****]	  	SENSOR-WHEEL SPEED	  	[*****]
	[*****]	  	CONTROL UNIT-DUAL ATC	  	[*****]
	[*****]	  	LEVER-CONTROL, L/G	  	[*****]
	[*****]	  	CONTROL UNIT-OVEN	  	[*****]
	[*****]	  	INDICATOR-ITT	  	[*****]
			
	[*****]	  	CLOCK	  	[*****]
	[*****]	  	CLOCK	  	[*****]
	[*****]	  	CONTROL UNIT-VHF	  	[*****]
	[*****]	  	VALVE-FLUX	  	[*****]
	[*****]	  	LIGHT-STROBE	  	[*****]
	[*****]	  	CONTROL UNIT-VOR/ILS/DME	  	[*****]
	[*****]	  	CONTROL UNIT-ADF	  	[*****]
	[*****]	  	SWITCH-PRESSURE	  	[*****]
	[*****]	  	MASK ASSY-REGULATOR, OXYGEN	  	[*****]
	[*****]	  	FLOW DIVIDER & DUMP VALVE	  	[*****]
	[*****]	  	TRANSMITTER-EMERGEN CY LOCATOR	  	[*****]
	[*****]	  	INDICATOR-OIL TEMP/PRESS	  	[*****]
	[*****]	  	VALVE-TWO WAY AND WATER DRAIN	  	[*****]
	[*****]	  	SWITCH-PROXIMITY	  	[*****]
	[*****]	  	CONTACTOR-ACW	  	[*****]
	[*****]	  	SWITCH-PROXIMITY	  	[*****]
	[*****]	  	ACTUATOR-OIL COOLER FLAP	  	[*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 30 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	[*****]	  	LIGHT-LANDING	  	[*****]
	[*****]	  	EMERGENCY LIGHTING POWER SUPPLY MODULE	  	[*****]
	[*****]	  	SWITCH-OVERTEMPERATURE	  	[*****]
	[*****]	  	SWITCH-PRESSURE, HYDRAULIC	  	[*****]
	[*****]	  	VALVE-CHECK	  	[*****]
	[*****]	  	PROBE-PILOT	  	[*****]
	[*****]	  	INDICATOR-FUEL TEMPERATURE	  	[*****]
	[*****]	  	ANTENNA-RADIO-ALTIMETER RECEPTION	  	[*****]
			
	[*****]	  	CONTROL UNIT-ATC	  	[*****]
			
	[*****]	  	CONTROL UNIT-VHF	  	[*****]
			
	[*****]	  	STATIC INVERTER	  	[*****]
			
	[*****]	  	EXCHANGER-HEAT, DUAL	  	[*****]
	[*****]	  	TRANSCEIVER-TCAS	  	[*****]
			
	[*****]	  	PLAYER-CASSETTE	  	[*****]
	[*****]	  	CONTROLLER-WINDSHIELD TEMPERATURE	  	[*****]
			
	[*****]	  	FAN-GROUND COOLING	  	[*****]
			
	[*****]	  	FAN-RECIRCULATION	  	[*****]
		  		  	  

	 TOTAL TRIP Batch 1
	  	[*****]
		  		  	  

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 31 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	[*****]	  	AUTO PILOT CAPSTAN	  	[*****]
	[*****]	  	AUTO PILOT SERVO-ACTUATOR	  	[*****]
	[*****]	  	FLIGHT GUIDANCE CONTROL PANEL	  	[*****]
	[*****]	  	VHF/COMM TRANSCEIVER	  	[*****]
	[*****]	  	POWER TRIM BOX	  	[*****]
	[*****]	  	CLOCK	  	[*****]
	[*****]	  	DIGITAL FLIGHT DATA RECORDER	  	[*****]
	[*****]	  	EFIS CONTROL PANEL LH SIDE	  	[*****]
	[*****]	  	EFIS CONTROL PANEL RH SIDE	  	[*****]
	[*****]	  	INDEX CONTROL PANEL	  	[*****]
	[*****]	  	INTEGRATED AVIONICS DISPLAY	  	[*****]
	[*****]	  	MPC-ED36	  	[*****]
	[*****]	  	MULTI-FUNCTION CONTROL PANEL	  	[*****]
	[*****]	  	MULTIPURPOSE CONTROL 8 DISPLAY UNIT	  	[*****]
	[*****]	  	AIR DATA COMPUTER	  	[*****]
	[*****]	  	ATC TRANSPONDER	  	[*****]
	[*****]	  	ATTITUDE HEADING REF UNIT	  	[*****]
	[*****]	  	FLUX VALVE	  	[*****]
	[*****]	  	INTEGRATED ELEC STAND-BY EQUIP	  	[*****]
	[*****]	  	INTERROGATOR-DME	  	[*****]
	[*****]	  	NAVIGATOR PROCESSOR UNIT (GPS RECEIVER)	  	[*****]
	[*****]	  	RADIO-ALTIMETER TRANSCEIVER	  	[*****]
	[*****]	  	RECEIVER-VOR/ILS/ MKR	  	[*****]
	[*****]	  	T2CAS COMPUTER	  	[*****]
	[*****]	  	WX RADAR CONTROL PANEL	  	[*****]
	[*****]	  	CAC SWM	  	[*****]
	[*****]	  	CORE AVIONICS CABINET INPUT OUTPUT MODULE AUTO PILOT	  	[*****]
	[*****]	  	CORE AVIONICS CABINET INPUT OUTPUT MODULE-DC	  	[*****]
	[*****]	  	CORE AVIONICS CABINET INPUT OUTPUT MODULES	  	[*****]
	[*****]	  	INTEGRATED CORE PROCESSING MODULE	  	[*****]
	[*****]	  	PRINTER	  	[*****]
	[*****]	  	ICP 110VM	  	[*****]
	[*****]	  	ICP 111VM	  	[*****]
	[*****]	  	ICP 111VM	  	[*****]
	[*****]	  	ICP 112VM	  	[*****]
	[*****]	  	ICP 114VM	  	[*****]
	[*****]	  	ICP 131VM	  	[*****]
	[*****]	  	ICP 131VM	  	[*****]
	[*****]	  	ICP 132VM	  	[*****]
	[*****]	  	ICP 400VM	  	[*****]
			
	[*****]	  	ICP 401VM	  	[*****]
	[*****]	  	ICP 402VM	  	[*****]
	[*****]	  	ICP 404VM	  	[*****]
	[*****]	  	ICP 6VM	  	[*****]
	[*****]	  	ICP 811VM	  	[*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 32 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	 [*****]
	  	 CENTRAL MAIN INSTRUMENT PANEL LIGHT
	  	[*****]
	 [*****]
	  	 LIGHT MANAGEMENT UNIT
	  	[*****]
	 [*****]
	  	 TCAS DIRECTIONAL ANTENNA
	  	[*****]
		  		  	  

	 TOTAL TRIP Batch 2
	  	[*****]
		  		  	  

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

	 [*****]
	  	 T2CAS Computer
	  	[*****]
			
	 [*****]
	  	 T2CAS Computer
	  	[*****]
		  		  	  

	 TOTAL Batch Adt
	  	[*****]
		  		  	  

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 33 / 49
		 	Issue 3 – DSC 0014/13	 	

 EXHIBIT 4-A3 – LRU(s) AVAILABLE FOR REPAIR AND STANDARD EXCHANGE SERVICES 

The following Exhibit is composed of ten (10) pages, into which are listed [*****] part numbers. 

 

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

	 [*****]
	  	 FAN-AIR EXTRACTION
	 	 [*****]

	 [*****]
	  	 EXCHANGER-HEAT, DUAL
	 	 [*****]

	 [*****]
	  	 CONDENSER
	 	 [*****]

	 [*****]
	  	 EXTRACTOR-WATER
	 	 [*****]

	 [*****]
	  	 VALVE-ELECTROPNEUMATIC OUTFLOW
	 	 [*****]

	 [*****]
	  	 VALVE-ELECTROPNEUMATIC OUTFLOW
	 	 [*****]

	 [*****]
	  	 VALVE-PNEUMATIC OUTFLOW
	 	 [*****]

	 [*****]
	  	 VALVE-PNEUMATIC OUTFLOW
	 	 [*****]

	 [*****]
	  	 COOLING UNIT
	 	 [*****]

	 [*****]
	  	 COOLING UNIT
	 	 [*****]

	 [*****]
	  	 COOLING UNIT
	 	 [*****]

	 [*****]
	  	 COOLING UNIT
	 	 [*****]

	 [*****]
	  	 FAN-GROUND COOLING
	 	 [*****]

	 [*****]
	  	 VALVE-TURBINE INLET CONTROL
	 	 [*****]

	 [*****]
	  	 VALVE-TURBINE INLET CONTROL
	 	 [*****]

	 [*****]
	  	 CONTROLLER-DIGITAL
	 	 [*****]

	 [*****]
	  	 CONTROLLER-DIGITAL
	 	 [*****]

	 [*****]
	  	 EXCHANGER-HEAT, DUAL
	 	 [*****]

	 [*****]
	  	 EXCHANGER-HEAT, DUAL
	 	 [*****]

	 [*****]
	  	 CONDENSER
	 	 [*****]

	 [*****]
	  	 VALVE CHECK-AIR BLEED
	 	 [*****]

	 [*****]
	  	 VALVE-CHECK, ECS DISTRIBUTION
	 	 [*****]

	 [*****]
	  	 VALVE-TURBINE BYPASS CONTROL
	 	 [*****]

	 [*****]
	  	 REGULATOR-PRESSURE
	 	 [*****]

	 [*****]
	  	 VALVE-PACK FLOW CONTROL
	 	 [*****]

	 [*****]
	  	 VALVE-PACK FLOW CONTROL
	 	 [*****]

	 [*****]
	  	 VALVE-TURBINE BYPASS
	 	 [*****]

	 [*****]
	  	 VALVE-HOT BYPASS
	 	 [*****]

	 [*****]
	  	 VALVE-CHECK
	 	 [*****]

	 [*****]
	  	 VALVE-CHECK
	 	 [*****]

	 [*****]
	  	 INDICATOR-CAB PRESS
	 	 [*****]

	 [*****]
	  	 INDICATOR-COMPT/DUCT TEMP
	 	 [*****]

	 [*****]
	  	 CONTROLLER-TEMPERATURE
	 	 [*****]

	 [*****]
	  	 SELECTOR-TEMPERATURE
	 	 [*****]

	 [*****]
	  	 SWITCH-OVERTEMPERATURE
	 	 [*****]

	 [*****]
	  	 SWITCH-PRESSURE
	 	 [*****]

	 [*****]
	  	 VALVE-UNDERFLOOR ISOL/VENT
	 	 [*****]

	 [*****]
	  	 CONTROLLER-MANUAL
	 	 [*****]

	 [*****]
	  	 VALVE-SHUTOFF TURBOFAN
	 	 [*****]

	 [*****]
	  	 VALVE-TRIM AIR
	 	 [*****]

	 [*****]
	  	 FAN-RECIRCULATION
	 	 [*****]

	 [*****]
	  	 FAN-RECIRCULATION
	 	 [*****]

	 [*****]
	  	 FAN-GROUND COOLING
	 	 [*****]

	 [*****]
	  	 FAN-GROUND COOLING
	 	 [*****]

	 [*****]
	  	 FAN-RECIRCULATION
	 	 [*****]

	 [*****]
	  	 FAN-AIR INDIVIDUAL DISTRIBUTION
	 	 [*****]

	 [*****]
	  	 FAN-AIR EXTRACTION
	 	 [*****]

	 [*****]
	  	 VALVE-UNDERFLOOR ISOL/VENT
	 	 [*****]

	 [*****]
	  	 VALVE-OVERBOARD VENTILATION
	 	 [*****]

	 [*****]
	  	 VALVE-OVERBOARD VENTILATION
	 	 [*****]

	 [*****]
	  	 ROD-DYNAMOMETRIC, ELEVATOR
	 	 [*****]

	 [*****]
	  	 ROD-DYNAMOMETRIC, RUDDER
	 	 [*****]

	 [*****]
	  	 ROD-DYNAMOMETRIC, RUDDER
	 	 [*****]

	 [*****]
	  	 ROD-DYNAMOMETRIC, ELEVATOR
	 	 [*****]

	 [*****]
	  	 ACTUATOR-AP
	 	 [*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 34 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	 [*****]
	  	 ACTUATOR-AP
	 	 [*****]

	 [*****]
	  	 ADVISORY DISPLAY UNIT-AFCS
	 	 [*****]

	 [*****]
	  	 ADVISORY DISPLAY UNIT-AFCS
	 	 [*****]

	 [*****]
	  	 COMPUTER-AFCS
	 	 [*****]

	 [*****]
	  	 COMPUTER-AFCS
	 	 [*****]

	 [*****]
	  	 COMPUTER-AFCS
	 	 [*****]

	 [*****]
	  	 CONTROL PANEL-AFCS
	 	 [*****]

	 [*****]
	  	 FLIGHT GUIDANCE CONTROL PANEL
	 	 [*****]

	 [*****]
	  	 AUTO PILOT SERVO-ACTUATOR
	 	 [*****]

	 [*****]
	  	 AUTO PILOT CAPSTAN
	 	 [*****]

	 [*****]
	  	 PLAYER-DIGITAL
	 	 [*****]

	 [*****]
	  	 TRANSCEIVER-VHF
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-VHF
	 	 [*****]

	 [*****]
	  	 CVR-SOLID STATE
	 	 [*****]

	 [*****]
	  	 TRANSCEIVER-VHF
	 	 [*****]

	 [*****]
	  	 TRANSCEIVER-VHF
	 	 [*****]

	 [*****]
	  	 TRANSCEIVER-VHF
	 	 [*****]

	 [*****]
	  	 COUPLER-HF ANTENNA
	 	 [*****]

	 [*****]
	  	 ADAPTER-HF ANTENNA
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-VHF
	 	 [*****]

	 [*****]
	  	 TRANSCEIVER-HF
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-HF
	 	 [*****]

	 [*****]
	  	 AMPLIFIER-HF POWER
	 	 [*****]

	 [*****]
	  	 COUPLER HF ANTENNA
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-HF
	 	 [*****]

	 [*****]
	  	 COUPLER HF ANTENNA
	 	 [*****]

	 [*****]
	  	 PLAYER-CASSETTE
	 	 [*****]

	 [*****]
	  	 MULTISYSTEM CONTROL DISPLAY UNIT-GNSS
	 	 [*****]

	 [*****]
	  	 TRANSCEIVER-HF
	 	 [*****]

	 [*****]
	  	 TRANSCEIVER-VHF
	 	 [*****]

	 [*****]
	  	 ECU-3000
	 	 [*****]

	 [*****]
	  	 VHF/COMM TRANSCEIVER
	 	 [*****]

	 [*****]
	  	 VHF-4000-8,33 KHZ
	 	 [*****]

	 [*****]
	  	 MANAGEMENT UNIT-ACARS
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-VHF
	 	 [*****]

	 [*****]
	  	 CVR-SOLID STATE
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-CVR
	 	 [*****]

	 [*****]
	  	 AUDIO CONTROL PANEL
	 	 [*****]

	 [*****]
	  	 AUDIO CONTROL PANEL
	 	 [*****]

	 [*****]
	  	 HANDSET-CABIN ATTENDANT
	 	 [*****]

	 [*****]
	  	 HANDSET-CABIN ATTENDANT
	 	 [*****]

	 [*****]
	  	 HANDSET-CABIN ATTENDANT
	 	 [*****]

	 [*****]
	  	 HANDSET-CABIN ATTENDANT
	 	 [*****]

	 [*****]
	  	 SELECTION PANEL-SELCAL CODE
	 	 [*****]

	 [*****]
	  	 REMOTE CONTROL AUDIO UNIT
	 	 [*****]

	 [*****]
	  	 REMOTE CONTROL AUDIO UNIT
	 	 [*****]

	 [*****]
	  	 REMOTE CONTROL AUDIO UNIT
	 	 [*****]

	 [*****]
	  	 REMOTE CONTROL AUDIO UNIT
	 	 [*****]

	 [*****]
	  	 AMPLIFIER-PASSENGER ADDRESS
	 	 [*****]

	 [*****]
	  	 DECODER-SELCAL
	 	 [*****]

	 [*****]
	  	 TRANSFORMER-GROUND POWER CURRENT, AC
	 	 [*****]

	 [*****]
	  	 STATIC INVERTER
	 	 [*****]

	 [*****]
	  	 PROTECTION UNIT-BATTERY
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-GENERATOR, DC
	 	 [*****]

	 [*****]
	  	 SENSOR-HALL EFFECT
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-BUS POWER, DC
	 	 [*****]

	 [*****]
	  	 GENERATOR-AC
	 	 [*****]

	 [*****]
	  	 AMMETER-BATTERY CH/DISCH
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-GENERATOR, AC
	 	 [*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 35 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	 [*****]
	  	 PANEL-AC/DC PARAMETER MEASURING
	 	 [*****]

	 [*****]
	  	 INVERTER-STATIC
	 	 [*****]

	 [*****]
	  	 INVERTER-STATIC
	 	 [*****]

	 [*****]
	  	 INVERTER-STATIC
	 	 [*****]

	 [*****]
	  	 DETECTION UNIT-FEEDER OVERHEAT
	 	 [*****]

	 [*****]
	  	 STARTER GENERATOR-DC
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-BUS POWER, AC
	 	 [*****]

	 [*****]
	  	 CONTACTOR-EXTERNAL POWER, DC
	 	 [*****]

	 [*****]
	  	 CONTACTOR-ACW
	 	 [*****]

	 [*****]
	  	 TRANSFORMER RECTIFIER UNIT
	 	 [*****]

	 [*****]
	  	 RELAY
	 	 [*****]

	 [*****]
	  	 RELAY
	 	 [*****]

	 [*****]
	  	 CONTACTOR-EXTERNAL POWER, DC
	 	 [*****]

	 [*****]
	  	 TRANSMITTER-EMERGENCY LOCATOR
	 	 [*****]

	 [*****]
	  	 TOILET-PSU
	 	 [*****]

	 [*****]
	  	 TRANSMITTER-EMERGENCY LOCATOR
	 	 [*****]

	 [*****]
	  	 TRANSMITTER-EMERGENCY LOCATOR
	 	 [*****]

	 [*****]
	  	 HANDLE-ENG1 FIRE
	 	 [*****]

	 [*****]
	  	 HANDLE-ENG2 FIRE
	 	 [*****]

	 [*****]
	  	 DETECTOR UNIT
	 	 [*****]

	 [*****]
	  	 FAN-SMOKE DETECTION
	 	 [*****]

	 [*****]
	  	 DETECTOR-SMOKE
	 	 [*****]

	 [*****]
	  	 DETECTOR UNIT-ENGINE OVERHEAT
	 	 [*****]

	 [*****]
	  	 CONTROL BOX-SMOKE DETECTION FAN
	 	 [*****]

	 [*****]
	  	 CONTROL BOX-SMOKE DETECTION FAN
	 	 [*****]

	 [*****]
	  	 DETECTOR-SMOKE
	 	 [*****]

	 [*****]
	  	 DETECTOR-SMOKE
	 	 [*****]

	 [*****]
	  	 MICROSWITCH-FLAP ASYMMETRY DETECTOR
	 	 [*****]

	 [*****]
	  	 CENTERING UNIT-RELEASABLE
	 	 [*****]

	 [*****]
	  	 CABLE-TENSION REGULATOR
	 	 [*****]

	 [*****]
	  	 INDICATOR-FLAP POSITION
	 	 [*****]

	 [*****]
	  	 INDICATOR-FLAP POSITION
	 	 [*****]

	 [*****]
	  	 INDICATOR-FLAP POSITION
	 	 [*****]

	 [*****]
	  	 INDICATOR-FLAP POSITION
	 	 [*****]

	 [*****]
	  	 INDICATOR-TRIM POSITION
	 	 [*****]

	 [*****]
	  	 INDICATOR-TRIM POSITION
	 	 [*****]

	 [*****]
	  	 INDICATOR-TRIM POSITION
	 	 [*****]

	 [*****]
	  	 INDICATOR-TRIM POSITION
	 	 [*****]

	 [*****]
	  	 FEEDBACK UNIT-FLAP POSITION
	 	 [*****]

	 [*****]
	  	 SWITCH UNIT-FLAP CONTROL
	 	 [*****]

	 [*****]
	  	 SWITCH UNIT-FLAP CONTROL
	 	 [*****]

	 [*****]
	  	 ACTUATOR-ELEVATOR
	 	 [*****]

	 [*****]
	  	 ACTUATOR-TRIM
	 	 [*****]

	 [*****]
	  	 ACTUATOR-STICK PUSHER
	 	 [*****]

	 [*****]
	  	 VALVE BLOCK-FLAP
	 	 [*****]

	 [*****]
	  	 VALVE BLOCK-FLAP
	 	 [*****]

	 [*****]
	  	 VALVE BLOCK-SPOILER
	 	 [*****]

	 [*****]
	  	 POWER TRIM BOX
	 	 [*****]

	 [*****]
	  	 ACTUATOR-FLAP
	 	 [*****]

	 [*****]
	  	 DAMPER-RUDDER
	 	 [*****]

	 [*****]
	  	 RESTRICTOR-FLAP VALVE BLOCK FLOW, EXTN LINE
	 	 [*****]

	 [*****]
	  	 ACTUATOR-FLAP
	 	 [*****]

	 [*****]
	  	 RESTRICTOR-FLAP VLV BLOCK FLOW, EXTN LINE
	 	 [*****]

	 [*****]
	  	 DAMPER-RUDDER
	 	 [*****]

	 [*****]
	  	 ACTUATOR-FLAP
	 	 [*****]

	 [*****]
	  	 ACTUATOR-FLAP
	 	 [*****]

	 [*****]
	  	 SHAKER-STICK
	 	 [*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 36 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	 [*****]
	  	 AILERON GUST-LOCK ACTUATOR
	 	 [*****]

	 [*****]
	  	 ACTUATOR-SPOILER
	 	 [*****]

	 [*****]
	  	 ACTUATOR-FUEL LP VALVE
	 	 [*****]

	 [*****]
	  	 ACTUATOR-FUEL CROSSFEED VALVE
	 	 [*****]

	 [*****]
	  	 VALVE-FUEL LP
	 	 [*****]

	 [*****]
	  	 VALVE-CROSSFEED
	 	 [*****]

	 [*****]
	  	 VALVE-FUEL MOTIVE FLOW
	 	 [*****]

	 [*****]
	  	 VALVE-FUEL MOTIVE FLOW
	 	 [*****]

	 [*****]
	  	 INDICATOR-FUEL TEMP, TANK
	 	 [*****]

	 [*****]
	  	 FUEL CONTROL UNIT
	 	 [*****]

	 [*****]
	  	 REFUEL CONTROL PANEL
	 	 [*****]

	 [*****]
	  	 INDICATOR-FUEL QUANTITY REPEATER, KG
	 	 [*****]

	 [*****]
	  	 INDICATOR-FUEL QUANTITY, KG
	 	 [*****]

	 [*****]
	  	 INDICATOR-FUEL QUANTITY, KG
	 	 [*****]

	 [*****]
	  	 INDICATOR-FUEL QUANTITY, KG
	 	 [*****]

	 [*****]
	  	 FUEL PROBE
	 	 [*****]

	 [*****]
	  	 PRESELECTOR-FUEL QUANTITY, KG
	 	 [*****]

	 [*****]
	  	 PRESELECTOR-FUEL QUANTITY, KG
	 	 [*****]

	 [*****]
	  	 FUEL PROBE
	 	 [*****]

	 [*****]
	  	 CLINOMETER-ROLL ATTITUDE
	 	 [*****]

	 [*****]
	  	 PUMP-FUEL ELECTRIC
	 	 [*****]

	 [*****]
	  	 PUMP-FUEL ELECTRIC
	 	 [*****]

	 [*****]
	  	 PUMP-FUEL ELECTRIC
	 	 [*****]

	 [*****]
	  	 JET PUMP-FEEDER TANK
	 	 [*****]

	 [*****]
	  	 JET PUMP-FEEDER TANK
	 	 [*****]

	 [*****]
	  	 JET PUMP-ENGINE FEED
	 	 [*****]

	 [*****]
	  	 JET PUMP-ENGINE FEED
	 	 [*****]

	 [*****]
	  	 CANISTER-ELECTRIC PUMP
	 	 [*****]

	 [*****]
	  	 CANISTER-ELECTRIC PUMP
	 	 [*****]

	 [*****]
	  	 COUPLING-REFUEL/DEFUEL
	 	 [*****]

	 [*****]
	  	 VALVE-REFUEL/DEFUEL
	 	 [*****]

	 [*****]
	  	 PUMP-ELECTRIC, AUXILIARY, DC
	 	 [*****]

	 [*****]
	  	 PUMP-ELECTRIC, AC
	 	 [*****]

	 [*****]
	  	 PUMP-ELECTRIC, AUXILIARY, DC
	 	 [*****]

	 [*****]
	  	 RESERVOIR-HYDRAULIC
	 	 [*****]

	 [*****]
	  	 RESERVOIR-HYDRAULIC
	 	 [*****]

	 [*****]
	  	 ACCUMULATOR-LINE
	 	 [*****]

	 [*****]
	  	 MODULE-PRESSURE
	 	 [*****]

	 [*****]
	  	 INDICATOR LEVEL SWITCH
	 	 [*****]

	 [*****]
	  	 INDICATOR-PRESSURE, TRIPLE
	 	 [*****]

	 [*****]
	  	 MOTOR-WIPER, F/O
	 	 [*****]

	 [*****]
	  	 MOTOR-WIPER, CAPTAIN
	 	 [*****]

	 [*****]
	  	 DETECTOR-ICE
	 	 [*****]

	 [*****]
	  	 CONTROLLER-WINDSHIELD TEMPERATURE
	 	 [*****]

	 [*****]
	  	 CONTROLLER-WINDSHIELD TEMPERATURE
	 	 [*****]

	 [*****]
	  	 VALVE-ANTI ICING PRESS REG AND SHUTOFF
	 	 [*****]

	 [*****]
	  	 CONTROLLER-WINDSHIELD TEMPERATURE
	 	 [*****]

	 [*****]
	  	 CONTROLLER-SIDE WINDOW TEMPERATURE
	 	 [*****]

	 [*****]
	  	 CONTROLLER-ICE PROTECTION
	 	 [*****]

	 [*****]
	  	 CONTROLLER-DE ICING, STANDBY
	 	 [*****]

	 [*****]
	  	 VALVE-DE ICING DUAL DISTRIBUTOR
	 	 [*****]

	 [*****]
	  	 VALVE-DE ICING DUAL DISTRIBUTOR
	 	 [*****]

	 [*****]
	  	 VALVE-DE ICING DUAL DISTRIBUTOR
	 	 [*****]

	 [*****]
	  	 VALVE-ANTI ICING PRESS REGULATOR AND SHUTOFF
	 	 [*****]

	 [*****]
	  	 VALVE-ANTI ICING PRESS REGULATOR AND SHUTOFF
	 	 [*****]

	 [*****]
	  	 SEPARATOR-WATER
	 	 [*****]

	 [*****]
	  	 VALVE-ANTI ICING SHUTOFF
	 	 [*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 37 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	 [*****]
	  	 CONTROLLER-HORN ANTI ICING
	 	 [*****]

	 [*****]
	  	 RESISTOR-HORN ANTI ICING, LH AILERON
	 	 [*****]

	 [*****]
	  	 RESISTOR-HORN ANTI ICING, RH AILERON
	 	 [*****]

	 [*****]
	  	 RESISTOR-HORN ANTI ICING, LH ELEVATOR
	 	 [*****]

	 [*****]
	  	 RESISTOR-HORN ANTI-ICING, RH ELEVATOR
	 	 [*****]

	 [*****]
	  	 RESISTOR-HORN ANTI-ICING, RUDDER
	 	 [*****]

	 [*****]
	  	 RESISTOR-HORN ANTI ICING, LH AILERON
	 	 [*****]

	 [*****]
	  	 RESISTOR-HORN ANTI ICING, RH AILERON
	 	 [*****]

	 [*****]
	  	 RESISTOR-HORN ANTI ICING, LH AILERON
	 	 [*****]

	 [*****]
	  	 RESISTOR-HORN ANTI ICING, RH AILERON
	 	 [*****]

	 [*****]
	  	 HEATER-DUAL DISTRIBUTOR VALVE
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-PROPELLER BRAKE
	 	 [*****]

	 [*****]
	  	 FLIGHT DATA ACQUISITION UNIT
	 	 [*****]

	 [*****]
	  	 ATTENDANT PANEL
	 	 [*****]

	 [*****]
	  	 PROBE-CCAS ALPHA
	 	 [*****]

	 [*****]
	  	 INTERFACE UNIT AIRCRAFT PERFORMANCE (APIU)
	 	 [*****]

	 [*****]
	  	 SOLID STATE FLIGHT DATA RECORDER
	 	 [*****]

	 [*****]
	  	 DIGITAL FLIGHT DATA RECORDER
	 	 [*****]

	 [*****]
	  	 ACCELEROMETER-THREE AXIS
	 	 [*****]

	 [*****]
	  	 MPC-ED36
	 	 [*****]

	 [*****]
	  	 TRANSMITTER-POSITION SYNCHRO
	 	 [*****]

	 [*****]
	  	 PANEL-ATTENDANT
	 	 [*****]

	 [*****]
	  	 PANEL-ATTENDANT
	 	 [*****]

	 [*****]
	  	 ATTENDANT PANEL
	 	 [*****]

	 [*****]
	  	 MFCU
	 	 [*****]

	 [*****]
	  	 MFCU
	 	 [*****]

	 [*****]
	  	 ROD-DYNAMOMETRIC, ROLL
	 	 [*****]

	 [*****]
	  	 CREW ALERTING COMPUTER
	 	 [*****]

	 [*****]
	  	 PANEL-CREW ALERTING
	 	 [*****]

	 [*****]
	  	 PANEL-CREW ALERTING
	 	 [*****]

	 [*****]
	  	 ENTRY PANEL-FLIGHT DATA
	 	 [*****]

	 [*****]
	  	 FLIGHT DATA ACQUISITION UNIT
	 	 [*****]

	 [*****]
	  	 FLIGHT DATA ACQUISITION UNIT
	 	 [*****]

	 [*****]
	  	 CLOCK
	 	 [*****]

	 [*****]
	  	 EFIS CONTROL PANEL RH SIDE
	 	 [*****]

	 [*****]
	  	 EFIS CONTROL PANEL LH SIDE
	 	 [*****]

	 [*****]
	  	 INDEX CONTROL PANEL
	 	 [*****]

	 [*****]
	  	 INDEX CONTROL PANEL
	 	 [*****]

	 [*****]
	  	 MULTI-FUNCTION CONTROL PANEL
	 	 [*****]

	 [*****]
	  	 MULTI-FUNCTION CONTROL PANEL
	 	 [*****]

	 [*****]
	  	 INTEGRATED AVIONICS DISPLAY
	 	 [*****]

	 [*****]
	  	 QUICK ACCESS RECORDER
	 	 [*****]

	 [*****]
	  	 FLIGHT DATA ACQUISITION UNIT
	 	 [*****]

	 [*****]
	  	 FLIGHT DATA ACQUISITION UNIT
	 	 [*****]

	 [*****]
	  	 FLIGHT DATA ACQUISITION UNIT
	 	 [*****]

	 [*****]
	  	 CLOCK
	 	 [*****]

	 [*****]
	  	 MULTIPURPOSE CONTROL & DISPLAY UNIT
	 	 [*****]

	 [*****]
	  	 MULTIFUNCTION COMPUTER
	 	 [*****]

	 [*****]
	  	 CLOCK
	 	 [*****]

	 [*****]
	  	 COMPENSATOR-COLD JUNCTION
	 	 [*****]

	 [*****]
	  	 COMPENSATOR-COLD JUNCTION
	 	 [*****]

	 [*****]
	  	 COMPENSATOR-COLD JUNCTION
	 	 [*****]

	 [*****]
	  	 COMPENSATOR-COLD JUNCTION
	 	 [*****]

	 [*****]
	  	 VALVE-PARKING
	 	 [*****]

	 [*****]
	  	 RESERVOIR-BRAKE
	 	 [*****]

	 [*****]
	  	 CYLINDER-MASTER
	 	 [*****]

	 [*****]
	  	 VALVE-SELECTOR, LG
	 	 [*****]

	 [*****]
	  	 ACCUMULATOR-PARKING
	 	 [*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 38 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	 [*****]
	  	 ABSORBER-SHOCK
	 	 [*****]

	 [*****]
	  	 VALVE-BRAKE
	 	 [*****]

	 [*****]
	  	 SENSOR-WHEEL SPEED
	 	 [*****]

	 [*****]
	  	 VALVE-PARKING
	 	 [*****]

	 [*****]
	  	 VALVE-BRAKE
	 	 [*****]

	 [*****]
	  	 MODULE-ANTISKID
	 	 [*****]

	 [*****]
	  	 MODULE-ANTISKID
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-ANTISKID SYSTEM
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-ANTISKID SYSTEM
	 	 [*****]

	 [*****]
	  	 VALVE-RELIEF, LOW PRESSURE
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-BRAKE OVERTEMPERATURE
	 	 [*****]

	 [*****]
	  	 ELECTRONIC SYSTEM UNIT
	 	 [*****]

	 [*****]
	  	 VALVE-BRAKE
	 	 [*****]

	 [*****]
	  	 VALVE-SOLENOID, N/W STEERING
	 	 [*****]

	 [*****]
	  	 VALVE-SELECTOR, SWIVEL
	 	 [*****]

	 [*****]
	  	 VALVE-DIFFERENTIAL CONTROL SELECTOR
	 	 [*****]

	 [*****]
	  	 VALVE-DIFFERENTIAL CONTROL SELECTOR
	 	 [*****]

	 [*****]
	  	 BOX-UPLOCK
	 	 [*****]

	 [*****]
	  	 SWITCH-PROXIMITY
	 	 [*****]

	 [*****]
	  	 SWITCH-PROXIMITY
	 	 [*****]

	 [*****]
	  	 SWITCH-PROXIMITY
	 	 [*****]

	 [*****]
	  	 LEVER-CONTROL, L/G
	 	 [*****]

	 [*****]
	  	 LIGHT-LOGO
	 	 [*****]

	 [*****]
	  	 LIGHT-WING AND ENGINE SCAN, LH
	 	 [*****]

	 [*****]
	  	 LIGHT-WING AND ENGINE SCAN, LH
	 	 [*****]

	 [*****]
	  	 LIGHT-WING AND ENGINE SCAN, RH
	 	 [*****]

	 [*****]
	  	 LIGHT-WING AND ENGINE SCAN, RH
	 	 [*****]

	 [*****]
	  	 LIGHT-WING AND ENGINE SCAN, LH
	 	 [*****]

	 [*****]
	  	 LIGHT-LANDING
	 	 [*****]

	 [*****]
	  	 LIGHT-ANTI COLLISION, RED
	 	 [*****]

	 [*****]
	  	 POWER SUPPLY-UNIT ANTI COLLISION LIGHT
	 	 [*****]

	 [*****]
	  	 LIGHT-STROBE
	 	 [*****]

	 [*****]
	  	 POWER SUPPLY UNIT-STROBE LIGHT
	 	 [*****]

	 [*****]
	  	 EMERGENCY LIGHTING POWER SUPPLY MODULE
	 	 [*****]

	 [*****]
	  	 POWER SUPPLY UNIT-EMERGENCY LIGHTING
	 	 [*****]

	 [*****]
	  	 EMERGENCY LIGHTING POWER SUPPLY MODULE
	 	 [*****]

	 [*****]
	  	 EMERGENCY LIGHTING POWER SUPPLY MODULE
	 	 [*****]

	 [*****]
	  	 POWER SUPPLY-UNIT ANTI COLLISION LIGHT
	 	 [*****]

	 [*****]
	  	 POWER SUPPLY-UNIT ANTI COLLISION LIGHT
	 	 [*****]

	 [*****]
	  	 LIGHT-ANTI COLLISION, RED
	 	 [*****]

	 [*****]
	  	 LIGHT-ANTI COLLISION, WHITE
	 	 [*****]

	 [*****]
	  	 LIGHT-ANTI COLLISION, WHITE
	 	 [*****]

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

	 [*****]
	  	 VALVE-FLUX
	 	 [*****]

	 [*****]
	  	 RECEIVER-ADF
	 	 [*****]

	 [*****]
	  	 RECEIVER-VOR/ILS/MKR
	 	 [*****]

	 [*****]
	  	 RECEIVER DISPLAY UNIT-GPS
	 	 [*****]

	 [*****]
	  	 RECEIVER DISPLAY UNIT-GPS
	 	 [*****]

	 [*****]
	  	 INTERROGATOR-DME
	 	 [*****]

	 [*****]
	  	 TRANSPONDER-ATC
	 	 [*****]

	 [*****]
	  	 INDICATOR-DME
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-ATC
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-DUAL ATC
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-VOR/ILS/DME
	 	 [*****]

	 [*****]
	  	 CONVERTER-ANALOG/DIGITAL
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-ADF
	 	 [*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 39 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	 [*****]
	  	 PROBE-AIR TEMPERATURE
	 	 [*****]

	 [*****]
	  	 PROBE-AIR TEMPERATURE
	 	 [*****]

	 [*****]
	  	 COMPENSATOR-REMOTE MAGNETIC
	 	 [*****]

	 [*****]
	  	 FLUX VALVE
	 	 [*****]

	 [*****]
	  	 INDICATOR-VERTICAL SPEED
	 	 [*****]

	 [*****]
	  	 ALTIMETER
	 	 [*****]

	 [*****]
	  	 ATTITUDE HEADING REF UNIT
	 	 [*****]

	 [*****]
	  	 INDICATOR-VERTICAL SPEED
	 	 [*****]

	 [*****]
	  	 AMPLIFIER-AUDIO MIXER
	 	 [*****]

	 [*****]
	  	 INDICATOR-RADIO MAGNETIC
	 	 [*****]

	 [*****]
	  	 TRANSPONDER-ATC
	 	 [*****]

	 [*****]
	  	 RECEIVER-ADF
	 	 [*****]

	 [*****]
	  	 RECEIVER-VOR/ILS/MKR
	 	 [*****]

	 [*****]
	  	 INTERROGATOR-DME
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-VOR/ILS/DME
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-ADF
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-ATC
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-DUAL ATC
	 	 [*****]

	 [*****]
	  	 INDICATOR-DME
	 	 [*****]

	 [*****]
	  	 ADAPTER BOX, ADF/ATC
	 	 [*****]

	 [*****]
	  	 TRANSCEIVER-TCAS
	 	 [*****]

	 [*****]
	  	 TRANSCEIVER-TCAS
	 	 [*****]

	 [*****]
	  	 TRANSPONDER-ATC
	 	 [*****]

	 [*****]
	  	 TRANSPONDER-ATC
	 	 [*****]

	 [*****]
	  	 TRANSPONDER-ATC
	 	 [*****]

	 [*****]
	  	 TRANSPONDER-ATC
	 	 [*****]

	 [*****]
	  	 TRANSPONDER-ATC
	 	 [*****]

	 [*****]
	  	 INDICATOR-AIRSPEED, STANDBY
	 	 [*****]

	 [*****]
	  	 ALTIMETER-STANDBY, MILLIBARS
	 	 [*****]

	 [*****]
	  	 ALTIMETER-STANDBY, INCHES OF MERCURY
	 	 [*****]

	 [*****]
	  	 AIR DATA COMPUTER
	 	 [*****]

	 [*****]
	  	 AIR DATA COMPUTER
	 	 [*****]

	 [*****]
	  	 AIR DATA COMPUTER
	 	 [*****]

	 [*****]
	  	 AIR DATA COMPUTER
	 	 [*****]

	 [*****]
	  	 INDICATOR-TAS/TEMP
	 	 [*****]

	 [*****]
	  	 INDICATOR-AIRSPEED
	 	 [*****]

	 [*****]
	  	 DISPLAY UNIT-EFIS
	 	 [*****]

	 [*****]
	  	 REFERENCE UNIT-ATTITUDE AND HEADING
	 	 [*****]

	 [*****]
	  	 REFERENCE UNIT-ATTITUDE AND HEADING
	 	 [*****]

	 [*****]
	  	 SYMBOL GENERATOR UNIT
	 	 [*****]

	 [*****]
	  	 CONTROL PANEL-EFIS
	 	 [*****]

	 [*****]
	  	 CONTROL PANEL-EFIS
	 	 [*****]

	 [*****]
	  	 CONTROL PANEL-EFIS
	 	 [*****]

	 [*****]
	  	 CONTROLLER-INSTRUMENT REMOTE
	 	 [*****]

	 [*****]
	  	 CONTROLLER-INSTRUMENT REMOTE
	 	 [*****]

	 [*****]
	  	 CONTROL BOX-WEATHER RADAR
	 	 [*****]

	 [*****]
	  	 CONTROL BOX-WEATHER RADAR
	 	 [*****]

	 [*****]
	  	 WX RADAR CONTROL PANEL
	 	 [*****]

	 [*****]
	  	 TRANSCEIVER-WEATHER RADAR
	 	 [*****]

	 [*****]
	  	 ATC TRANSPONDER
	 	 [*****]

	 [*****]
	  	 TRANSCEIVER-TCAS
	 	 [*****]

	 [*****]
	  	 RECEIVER-VOR/ILS/MKR
	 	 [*****]

	 [*****]
	  	 INTERROGATOR-DME
	 	 [*****]

	 [*****]
	  	 VOR/ILS/MKR RECEIVER
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-DUAL ATC
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-VOR/ILS/DME
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-ADF
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-TCAS
	 	 [*****]

	 [*****]
	  	 PROCESSOR UNIT-NAVIGATION
	 	 [*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 40 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	 [*****]
	  	 PROCESSOR UNIT-NAVIGATION
	 	 [*****]

	 [*****]
	  	 T2CAS COMPUTER
	 	 [*****]

	 [*****]
	  	 T2CAS COMPUTER
	 	 [*****]

	 [*****]
	  	 T2CAS COMPUTER
	 	 [*****]

	 [*****]
	  	 ANTENNA-RADIO-ALTIMETER RECEPTION
	 	 [*****]

	 [*****]
	  	 TRANSCEIVER-RADIO ALTIMETER
	 	 [*****]

	 [*****]
	  	 TRANSCEIVER-RADIO ALTIMETER
	 	 [*****]

	 [*****]
	  	 RADIO-ALTIMETER TRANSCEIVER
	 	 [*****]

	 [*****]
	  	 GROUND PROXIMITY WARNING COMPUTER
	 	 [*****]

	 [*****]
	  	 GROUND PROXIMITY WARNING COMPUTER
	 	 [*****]

	 [*****]
	  	 GROUND PROXIMITY WARNING COMPUTER
	 	 [*****]

	 [*****]
	  	 INTEGRATED ELEC STAND-BY EQUIP
	 	 [*****]

	 [*****]
	  	 AIR DATA COMPUTER
	 	 [*****]

	 [*****]
	  	 NAVIGATOR PROCESSOR UNIT (GPS RECEIVER)
	 	 [*****]

	 [*****]
	  	 AUXILIARY FLIGHT DATA ACQUISITION UNIT
	 	 [*****]

	 [*****]
	  	 AUXILIARY FLIGHT DATA ACQUISITION UNIT
	 	 [*****]

	 [*****]
	  	 INDICATOR-STANDBY HORIZON
	 	 [*****]

	 [*****]
	  	 TRANSCEIVER-WEATHER RADAR
	 	 [*****]

	 [*****]
	  	 MOUNT ANTENNA-WEATHER RADAR
	 	 [*****]

	 [*****]
	  	 RECEIVER DISPLAY UNIT-GPS
	 	 [*****]

	 [*****]
	  	 VALVE-FEED STOP
	 	 [*****]

	 [*****]
	  	 INDICATOR-OXYGEN HP
	 	 [*****]

	 [*****]
	  	 CYLINDER-OXYGEN (PORTABLE)
	 	 [*****]

	 [*****]
	  	 VALVE-FEED STOP
	 	 [*****]

	 [*****]
	  	 VALVE-FEED STOP
	 	 [*****]

	 [*****]
	  	 TRANSMITTER/REGULATOR - OXYGEN PRESS
	 	 [*****]

	 [*****]
	  	 DUCT-DISCHARGE DOWNSTREAM VALVE
	 	 [*****]

	 [*****]
	  	 VENTURI-HP
	 	 [*****]

	 [*****]
	  	 CONTROLLER-AIR LEAK DETECTION
	 	 [*****]

	 [*****]
	  	 VALVE-HP AIR BLEED
	 	 [*****]

	 [*****]
	  	 VALVE-HP AIR BLEED
	 	 [*****]

	 [*****]
	  	 VALVE ASSY-SHUTOFF
	 	 [*****]

	 [*****]
	  	 VALVE-XFEED, AIR BLEED
	 	 [*****]

	 [*****]
	  	 VALVE-XFEED, AIR BLEED
	 	 [*****]

	 [*****]
	  	 SWITCH-OVERTEMPERATURE
	 	 [*****]

	 [*****]
	  	 SWITCH-PRESSURE
	 	 [*****]

	 [*****]
	  	 INTEGRATED CORE PROCESSING MODULE
	 	 [*****]

	 [*****]
	  	 CORE AVIONICS CABINET I/P O/P MODULE-S
	 	 [*****]

	 [*****]
	  	 CAC SWM
	 	 [*****]

	 [*****]
	  	 CORE AVIONICS CABINET I/P O/P MODULE-DC
	 	 [*****]

	 [*****]
	  	 CORE AVIONICS CABINET I/P O/P MODULE AP
	 	 [*****]

	 [*****]
	  	 ACTUATOR-CARGO DOOR
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-ARMOURED COCKPIT DOOR
	 	 [*****]

	 [*****]
	  	 PUSH-PULL CABLE-PROP CONDITION
	 	 [*****]

	 [*****]
	  	 SWITCH-PRESSURE, HYDRAULIC
	 	 [*****]

	 [*****]
	  	 INTERFACE UNIT-PROPELLER
	 	 [*****]

	 [*****]
	  	 PUMP-PROPELLER FEATHERING
	 	 [*****]

	 [*****]
	  	 PUMP-PROPELLER FEATHERING
	 	 [*****]

	 [*****]
	  	 INDICATOR-NP, PROPELLER
	 	 [*****]

	 [*****]
	  	 INDICATOR-NP, PROPELLER
	 	 [*****]

	 [*****]
	  	 INDICATOR-NP, PROPELLER
	 	 [*****]

	 [*****]
	  	 INDICATOR-NP, PROPELLER
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-PROPELLER
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-PROPELLER
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-PROPELLER
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-PROPELLER
	 	 [*****]

	 [*****]
	  	 BRUSH BLOCK ASSY
	 	 [*****]

	 [*****]
	  	 SYNCHROPHASER-PROP
	 	 [*****]

	 [*****]
	  	 CONTROL ELECTRONIC-PROPELLER
	 	 [*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 41 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	 [*****]
	  	 CONTROL ELECTRONIC-PROPELLER
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-PROPELLER
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-PROPELLER
	 	 [*****]

	 [*****]
	  	 GOVERNOR-PROPELLER OVERSPEED
	 	 [*****]

	 [*****]
	  	 PUMP GOVERNOR-PROPELLER OVERSPEED
	 	 [*****]

	 [*****]
	  	 GOVERNOR-PROPELLER OVERSPEED
	 	 [*****]

	 [*****]
	  	 CONTROL ELECTRONIC-PROPELLER
	 	 [*****]

	 [*****]
	  	 PUMP GOVERNOR-PROPELLER OVERSPEED
	 	 [*****]

	 [*****]
	  	 BRUSH BLOCK ASSY
	 	 [*****]

	 [*****]
	  	 MODULE VALVE PROPELLER
	 	 [*****]

	 [*****]
	  	 MODULE VALVE-PROPELLER
	 	 [*****]

	 [*****]
	  	 ACTUATOR-PNEUMATIC
	 	 [*****]

	 [*****]
	  	 ELECTROVALVE
	 	 [*****]

	 [*****]
	  	 BLADE PROPELLER
	 	 [*****]

	 [*****]
	  	 BLADE PROPELLER
	 	 [*****]

	 [*****]
	  	 BLADE AND PIN ASSY
	 	 [*****]

	 [*****]
	  	 BLADE AND PIN ASSY
	 	 [*****]

	 [*****]
	  	 PIPE-EXHAUST
	 	 [*****]

	 [*****]
	  	 GOVERNOR-PROPELLER OVSP
	 	 [*****]

	 [*****]
	  	 EXCITER - IGNITION I.C.
	 	 [*****]

	 [*****]
	  	 EXCITER - IGNITION I.C.
	 	 [*****]

	 [*****]
	  	 ENGINE CONTROL ELECTRONIC
	 	 [*****]

	 [*****]
	  	 ENGINE ELECTRONIC CONTROL
	 	 [*****]

	 [*****]
	  	 ENGINE ELECTRONIC CONTROL
	 	 [*****]

	 [*****]
	  	 PUMP, HYDRAULIC, OVSP GOV
	 	 [*****]

	 [*****]
	  	 SENSOR TORQUE METER
	 	 [*****]

	 [*****]
	  	 EJECTOR, FUEL WASTE
	 	 [*****]

	 [*****]
	  	 SENSOR TORQUE METER
	 	 [*****]

	 [*****]
	  	 VALVE ASSY, INTERCOMPRESS BLEED
	 	 [*****]

	 [*****]
	  	 VALVE INTERCOMPRESSOR BLEED
	 	 [*****]

	 [*****]
	  	 CONTROL, AUTOFEATHER
	 	 [*****]

	 [*****]
	  	 SENSOR TORQUE METER
	 	 [*****]

	 [*****]
	  	 VALVE ASSY, INTERCOMPRESS BLEED
	 	 [*****]

	 [*****]
	  	 SENSOR, TORQUE MONITOR
	 	 [*****]

	 [*****]
	  	 FUEL PUMP
	 	 [*****]

	 [*****]
	  	 MFC
	 	 [*****]

	 [*****]
	  	 MFC
	 	 [*****]

	 [*****]
	  	 CONTROL, AUTOFEATHER
	 	 [*****]

	 [*****]
	  	 COOLER - OIL
	 	 [*****]

	 [*****]
	  	 CONDITIONER, TORQUE SIGNAL
	 	 [*****]

	 [*****]
	  	 FLOW DIVIDER & DUMP VALVE
	 	 [*****]

	 [*****]
	  	 FLOW DIVIDER & DUMP VALVE
	 	 [*****]

	 [*****]
	  	 SERVO VALVE
	 	 [*****]

	 [*****]
	  	 VALVE INTERCOMPRESSOR BLEED
	 	 [*****]

	 [*****]
	  	 FUEL HEATER
	 	 [*****]

	 [*****]
	  	 FUEL PUMP
	 	 [*****]

	 [*****]
	  	 FUEL PUMP
	 	 [*****]

	 [*****]
	  	 FUEL PUMP
	 	 [*****]

	 [*****]
	  	 FCU-HYDRO MECHANICAL
	 	 [*****]

	 [*****]
	  	 FCU-HYDRO MECHANICAL
	 	 [*****]

	 [*****]
	  	 ELECTRONIC ENGINE CONTROL UNIT
	 	 [*****]

	 [*****]
	  	 ELECTRONIC ENGINE CONTROL UNIT
	 	 [*****]

	 [*****]
	  	 BRAKE, PROPELLER
	 	 [*****]

	 [*****]
	  	 BRAKE, PROPELLER (REPAIR RATIER-FIGEAC)
	 	 [*****]

	 [*****]
	  	 INDICATOR-FUEL TEMPERATURE
	 	 [*****]

	 [*****]
	  	 INDICATOR-FUEL FLOW/FUEL USED, KG
	 	 [*****]

	 [*****]
	  	 INDICATOR-FUEL FLOW/FUEL USED, KG
	 	 [*****]

	 [*****]
	  	 TRANSMITTER-FUEL FLOW
	 	 [*****]

	 [*****]
	  	 TRANSMITTER-FUEL FLOW
	 	 [*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 42 / 49
		 	Issue 3 – DSC 0014/13	 	

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

	 [*****]
	  	 PUSH-PULL CABLE-PROPELLER POWER
	 	 [*****]

	 [*****]
	  	 INDICATOR-NH
	 	 [*****]

	 [*****]
	  	 INDICATOR-TORQUE
	 	 [*****]

	 [*****]
	  	 INDICATOR-TORQUE
	 	 [*****]

	 [*****]
	  	 INDICATOR-TORQUE
	 	 [*****]

	 [*****]
	  	 INDICATOR-TORQUE
	 	 [*****]

	 [*****]
	  	 INDICATOR-TORQUE
	 	 [*****]

	 [*****]
	  	 INDICATOR-ITT
	 	 [*****]

	 [*****]
	  	 INDICATOR-ITT
	 	 [*****]

	 [*****]
	  	 INDICATOR-ITT
	 	 [*****]

	 [*****]
	  	 INDICATOR-NH
	 	 [*****]

	 [*****]
	  	 INDICATOR-TORQUE
	 	 [*****]

	 [*****]
	  	 ACTUATOR-OIL COOLER FLAP
	 	 [*****]

	 [*****]
	  	 VALVE TEMP/PRESSURE
	 	 [*****]

	 [*****]
	  	 COOLER-OIL
	 	 [*****]

	 [*****]
	  	 COOLER-OIL
	 	 [*****]

	 [*****]
	  	 INDICATOR-OIL TEMP/PRESS
	 	 [*****]

	 [*****]
	  	 INDICATOR-OIL TEMP/PRESS
	 	 [*****]

	 [*****]
	  	 INDICATOR-OIL TEMP/PRESS
	 	 [*****]

	 [*****]
	  	 VALVE-SOLENOID OIL COOLER AIR REGULATING
	 	 [*****]

	 [*****]
	  	 TRANSMITTER-OIL PRESSURE
	 	 [*****]

	 [*****]
	  	 ACTUATOR-OIL COOLER FLAP
	 	 [*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 43 / 49
		 	Issue 3 – DSC 0014/13	 	

 EXHIBIT 7-A2 – ADDITIONAL STOCK 

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

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

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

	 [*****]
	  	 CONDENSER
	 	 [*****]

			
	 [*****]
	  	 COOLING UNIT
	 	 [*****]

			
	 [*****]
	  	 EXCHANGER-HEAT, DUAL
	 	 [*****]

	 [*****]
	  	 VALVE-TURBINE INLET- CONTROL
	 	 [*****]

	 [*****]
	  	 AUDIO CONTROL PANEL
	 	 [*****]

	 [*****]
	  	 REMOTE CONTROL AUDIO UNIT
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-BUS POWER, DC
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-GENERATOR, AC
	 	 [*****]

	 [*****]
	  	 STARTER GENERATOR-DC
	 	 [*****]

	 [*****]
	  	 PROBE-CCAS ALPHA
	 	 [*****]

	 [*****]
	  	 PBOBE-PITOT
	 	 [*****]

	 [*****]
	  	 VALVE-HP AIR BLEED
	 	 [*****]

	 [*****]
	  	 EXCITER - IGNITION I.C.
	 	 [*****]

	 [*****]
	  	 SERVO VALVE
	 	 [*****]

	 [*****]
	  	 FUEL PUMP
	 	 [*****]

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

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

 

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

	 [*****]
	  	 REMOTE CONTROL AUDIO UNIT
	 	 [*****]

	 [*****]
	  	 REMOTE CONTROL AUDIO UNIT
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-BUS POWER, DC
	 	 [*****]

			
	 [*****]
	  	 FCU-HYDRO MECHANICAL
	 	 [*****]

			
	 [*****]
	  	 FCU-HYDRO MECHANICAL
	 	 [*****]

	 [*****]
	  	 AUDIO CONTROL PANEL
	 	 [*****]

			
	 [*****]
	  	 EXCITER - IGNITION I.C.
	 	 [*****]

			
	 [*****]
	  	 EXCITER - IGNITION I.C.
	 	 [*****]

			
	 [*****]
	  	 PROBE-CCAS ALPHA
	 	 [*****]

			
	 [*****]
	  	 PROBE-CCAS ALPHA
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT- GENERATOR, DC
	 	 [*****]

	 [*****]
	  	 SERVO VALVE
	 	 [*****]

			
	 [*****]
	  	 CONTROL UNIT-VHF
	 	 [*****]

			
	 [*****]
	  	 CONDITIONER, TORQUE SIGNAL
	 	 [*****]

	 [*****]
	  	 ALTIMETER-STANDBY, MILLIBARS
	 	 [*****]

	 [*****]
	  	 CONTROL UNIT-VHF
	 	 [*****]

	 [*****]
	  	 ELECTRONIC SYSTEM UNIT
	 	 [*****]

	 [*****]
	  	 INDICATOR-STANDBY HORIZON
	 	 [*****]

	 [*****]
	  	 CONTROL, AUTOFEATHER
	 	 [*****]

	 [*****]
	  	 CONTROL, AUTOFEATHER
	 	 [*****]

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 44 / 49
		 	Issue 3 – DSC 0014/13	 	

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

			
	 [*****]
	  	 GOVERNOR-PROPELLER OVSP
	 	 [*****]

	 [*****]
	  	 PUMP-PROPELLER FEATHERING
	 	 [*****]

	 [*****]
	  	 PUMP-PROPELLER FEATHERING
	 	 [*****]

			
	 [*****]
	  	 SWITCH-PROXIMITY
	 	 [*****]

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

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 45 / 49
		 	Issue 3 – DSC 0014/13	 	

 EXHIBIT 15 – ADVANCED POOL STOCK 

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

	2.	Provision and value of the Advanced Pool Stock 

  

	2.1	The Advanced Pool Stock is composed of items defined in Exhibit 7, which may be either brand new items or Used Serviceable Items depending on availability of each item of the Advanced Pool Stock into Repairer’s
inventory at the time of their respective delivery. 

  

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

  

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

  

	2.4	The Advanced Pool Stock total value, under economic conditions 2010, shall be: [*****]. In the event the Repairer delivers Used Serviceable Items to the Company, the value of each such Used Serviceable
Item shall be quoted at [*****] of the brand new value indicated in Exhibit 3 and the total value of the Advanced Pool Stock shall be adjusted accordingly. 

 

	3.	Delivery  

  

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

  

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

  

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

  

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

  

	4.	Management and Handling Procedures 

  

	4.1	Location 

  

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

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 46 / 49
		 	Issue 3 – DSC 0014/13	 	

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

  

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

  

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

  

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

  

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

  

	4.2	Use 

 The Company shall be entitled to, provided no Company Default has occurred and is
continuing, withdraw and use any of the items of the Advanced Pool Stock pursuant to standard exchange service conditions defined in Exhibit 11 and in accordance with its operational needs, solely for the remedy of parts associated defects on the
Aircraft covered under this Agreement. 
  

	4.3	Inventory 

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

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

 

	5.	Purchase Option 

 [*****] 

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 47 / 49
		 	Issue 3 – DSC 0014/13	 	

	6.	Modifying the Composition of the Advanced Pool Stock 

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

 

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

  

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

  

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

 

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

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

 

	7.	Purchase or Return of the Advanced Pool Stock 

  

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

  

	 	i.	[*****] 

  

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

  

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

 

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

  

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

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 48 / 49
		 	Issue 3 – DSC 0014/13	 	

	8.	Payment and Transfer of the Title to Property 

  

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

 

	8.2	Notwithstanding the provisions of Clause 6 of Exhibit 11, title to the Advanced Pool Stock or any item thereof shall remain with the Repairer at all times until such Advanced Pool Stock or part thereof has been
purchased by the Company and provided that the amount of the corresponding invoice has been fully received by the Repairer in accordance with Clauses 10 and 12 of this Agreement. The Company specifically agrees that it shall not acquire any
interest, equity or share of the Advanced Pool Stock, or pledge or create any lien of any sort whatsoever prior to the transfer of title to the Advanced Pool Stock to the Company in accordance with this Agreement. It is hereby acknowledged and
agreed that the Company is appointed as the custodian of the Advanced Pool Stock, which appointment the Company hereby accepts until such time as the Repairer has received the Company’s payment in full for the Advanced Pool Stock or any item if
the Advanced Pool Stock in case such Advanced Pool Stock or item is either missing, damaged, without airworthiness documentation, purchased by the Company or not returned by the Company to the Repairer in accordance with the provisions of this
Agreement. 

  

	8.3	The Company may not, under any circumstances, perform or permit any action to be taken that may be detrimental to the Repairer’s title to and property in the Advanced Pool Stock, including without limitation:

  

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

 

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

  
  

					
	AZUL & TRIP – ATR	 	Global Maintenance Agreement-Addendum O5	 	Page 49 / 49
		 	Issue 3 – DSC 0014/13	 	

					
	

	 	

 1- Amendment n° 6 issue 4 

to the Global Maintenance Agreement 

(Contract ref DS/CC-2612/10) 

between 
 AZUL LINHAS
AÉREAS BRASILEIRAS S/A 
 and 

Avions de Transport Regional GIE 

dated December the 24th, 2010; 

2- Amendment n° 4 issue 4 

to the Global Maintenance Agreement 

(Contract reference DS/C-2883/09) 

between 
 TRIP LINHAS
AÉREAS S/A 
 and 

Avions de Transport Regional GIE 

dated September the 10th, 2010. 

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

and 
 TRIP LINHAS AÉREAS
S/A 
 (as Company) 
 and

 AVIONS DE TRANSPORT REGIONAL, G.I.E. 

(as Provider) 
 Signing Date:
March 14, 2014 

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 1 / 27
		 	DS/CS-551/14	 	

 CONTENTS 
  

									
	 CONTENTS
	  	 	2	  
	 WHEREAS:
	  	 	4	  
	 NOW THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:
	  	 	5	  
	 1.
	  	 Definitions
	  	 	5	  
	 2.
	  	 Amendments to GMA AZUL and GMA TRIP
	  	 	5	  
		  	 2.1
	    	 Amendment to Article 10 - “PRICE”
	  	 	5	  
		  	 2.2
	    	 Amendment to Exhibit 3 “STOCK”
	  	 	10	  
		  	 2.3
	    	 Amendment to Exhibit 10 “LEASE OF STOCK”
	  	 	10	  
		  	 2.4
	    	 Amendment to Exhibit 12 “LRU AND MAIN ELEMENTS REPAIR SERVICES”
	  	 	11	  
		  	 2.5
	    	 Amendment to Exhibit 12 “LRU AND MAIN ELEMENTS REPAIR SERVICES”
	  	 	12	  
	 3.
	  	 Entry into force and Conditions Precedent
	  	 	12	  
	 4.
	  	 Miscellaneous
	  	 	13	  
	 5.
	  	Governing law – Arbitration	  	 	13	  
	 EXHIBIT 3-A6 – STOCK
	  	 	15	  

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 2 / 27
		 	DS/CS-551/14	 	

 This covenant (hereinafter referred to as the “Covenant”) is made on March 14, 2014: 

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

Hereafter referred to as “AZUL”, 

on the one part, 
 AND: 

TRIP LINHAS AERÉAS S/A, a company incorporated under the laws of Sao Paulo, Brazil, whose registered office is at Avenida Cambacicas, 1.200,
Campinas — SP, Brazil, identified under Cadastro Nacional de Pessoa Jurídica (CNPJ) number 02.428.624/0001-30; 
 Hereafter
referred to as “TRIP”, 
 on the second part, 

Hereafter individually or collectively referred to as “Company”, as the context requires, 

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

on the third part. 
 Hereinafter individually
referred to as the “Party” or collectively as the “Parties” 

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 3 / 27
		 	DS/CS-551/14	 	

 WHEREAS: 
  

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

  

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

  

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

  

	4)	WHEREAS further to operation as detailed above in 3), AZUL is going to progressively operate an enlarged fleet of Aircraft coming from TRIP; AZUL and TRIP wishing that operational support tasks as well as
scheduled and unscheduled maintenance regarding their respective Aircraft fleet being provided by ATR benefiting of the GMA AZUL main terms and conditions; and, 

  

	5)	WHEREAS ATR, as the Aircraft manufacturer and Provider, made a commercial proposal ref DS/CC-65/12 Issue 3 (the “Commercial Proposal”) to AZUL and TRIP, dated February 8th, 2013, setting out its capacities and abilities to satisfy such needs, and AZUL and TRIP agreed on the Commercial Proposal on February 19th,
2013; and 

  

	6)	WHEREAS the Parties have amended the GMA AZUL (Amendment n°5) the GMA TRIP (Amendment n°3), on August 20th, 2013; and 

 

	7)	WHEREAS, in consideration of the resizing of the on-site stock, the [*****], the Parties intend to amend the GMA TRIP and the GMA AZUL in order to integrate additional Stock and to take into account commercial
modification; and, 

  

	8)	WHEREAS the Parties wish to amend certain provisions of the GMA TRIP and GMA AZUL upon the terms and conditions set out below. 

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 4 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

 NOW THEREFORE, IT IS HEREBY AGREED AS FOLLOWS: 

 

	1.	Definitions 

 Unless otherwise defined, capitalized terms, singular or plural,
used in this Covenant, shall have the same meaning ascribed thereto in the GMA AZUL and/or the GMA TRIP. 
  

	2.	Amendments to GMA AZUL and GMA TRIP 

 The following articles, sentences or words
of GMA AZUL and GMA TRIP are amended as follows: 
 2.1 Amendment to Article 10 - “PRICE” 

The Article 10 is cancelled and substituted by the following: 

“ 
  

	10.1	The lease payment payable for the lease of the Stock (based on the Stock technical contents defined in Exhibit 3 and 10), as from the Start Date is a [*****]: 

 

	 	(i)	corresponding to [*****] per year of the Stock value which is set in Exhibit 10, Clause 2.4 if all the parts of the Stock are brand new; or 

 

	 	(ii)	in the event the Provider delivers Used Serviceable Items to the Company as set out in Exhibit 10 Clause 2.4, the [*****] set forth in Clause 10.1 (i) above shall be payable from the Start Date until the
date on which the last item of the Stock is delivered. On such date the Provider will notify in writing to the Company the exact and definitive Stock Value, and the revised monthly lease payment based upon [*****] of such Stock Value.
Promptly after delivery of the last item of the Stock, Provider shall issue a credit equal to the difference between the total amount of lease payments actually paid by the Company since the Start Date and the price the Company should have paid for
the Used Serviceable Items delivered by Provider according to the provisions of this Clause 10.1 (ii); the definitive Stock Value shall be determined with prices of items of the Stock, based on the current ATR spare parts Catalogue sales price for
brand new item or based on [*****] of the current ATR spare parts Catalogue brand new sales price for serviceable item depending on the status of the item delivered. 

 

	10.2	The price payable by Company to Provider for the Standard Exchange service set out in Exhibit 11 at economic condition 2014, is as follows: 

 

	 	•	 	For all aircraft: 

 Aircraft age year 1: [*****] 

Aircraft age year 2: [*****] 

Aircraft age year 3: [*****] 

Aircraft age year 4: [*****] 

Aircraft age year 5 and beyond: [*****] 

These prices are [*****] per Aircraft and assume the availabilities described on the list of LRUs defined in Exhibit 4.

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 5 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

	10.3	The prices per airborne FH per Aircraft payable by Company to Provider for LRU, Main Elements, and services set out in this Agreement at economic condition 2014, are: 

 

	10.3.1	For LRU: [*****] per FH and per Aircraft, [*****]: 

  

	 	•	 	For all aircraft: 

 [*****] 

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

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

 [*****] 

[*****] 
  

	10.3.2	For the Main Element services as defined in Exhibit 12 a [*****] per Aircraft airborne FH or CY: 

(i) Propellers (2ea) applicable to all aircraft: 

(a) For maintenance 
  

	 	•	 	[*****] 

  

	 	•	 	[*****] 

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

[*****] 
 (b) For
availability [*****] 
 Additional flat rates here under shall be applied for the following operations, as applicable:

 (c) [*****] 
  

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 6 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

 (d) For each propeller blade nickel sheath replacement, a flat rate of: 

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

[*****] 
 (ii) Landing gears
(per shipset): 
 For 42-500, 72-500, 72-600 landing gears: 

 

	 	(a)	For maintenance: 

 [*****] 

plus 
  

	 	(b)	For availability 

 [*****] 

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

 

	10.4	Price for reconciliation 

  

	10.4.1	Intentionally left blank 

  

	10.4.2	Price for LRU removal rate reconciliation at economic condition 2014 

 Any point of
difference, to be measured in units and tenths, between the RRR and the MRR pursuant to the conditions set out in Clause I.3 of Exhibit 12, shall be invoiced or credited per airborne FH on the basis of: 

For Final Fleet: 

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

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

 [*****] 
  

	10.4.3	Anticipated scheduled Events 

 Parties agree that all prices for each Service subject
to Scheduled Events are based on the achievement of the applicable maintenance program(s). 
 In case of deviation of the Scheduled
Event maintenance program parameters by a number of [*****] [*****], such deviation shall be considered an Anticipated Event. 
  

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 7 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

 For any such Anticipated Event, whichever the context, Provider shall invoice Company the
Lost Potential multiplied by the applicable price mentioned in Clause 10.3. 
  

	10.5	Prices adjustment 

 The adjustment conditions set out in Clauses 10.5.1 and 10.5.2
below [*****] 
  

	10.5.1	Commercial Conditions for price Adjustment 

 Prices of this Agreement will be
adjusted [*****] in accordance with the following adjustment formula: 
 [*****] 

where: 
  

	 	    	[*****] is the [*****] for the year N+1, 

  

	 	    	[*****] is the [*****] as determined by economic conditions of year N (current year), 

  

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

  

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

  

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

  

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

 Escalation is
subject to a [*****] for Stock, Clause 10.1, and Standard Exchange, Clause 10.2, services. 
 Escalation is subject to
[*****] for LRU repair service, Clause 10.3.1 and Clause 10.4.2. 
 The Prices set out in this covenant relative to the Main
Elements Services will be adjusted [*****] 
 Escalation is subject to [*****] for Main Elements repair service
[*****] In any case the final result of the applicable annual adjustment rate shall [*****] Clause 10.3.2. 

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

	10.5.2	Technical Conditions for Prices Adjustment 

 Both Parties agree to modify the prices
given in Clause 10 [*****] pursuant to Clause 11 if the operating parameters of the Aircraft, analyzed at the time of the adjustment (all calculations are made with figures corresponding to [*****]), change by more or less [*****]
with respect to the estimated values of the same parameters, considered at the time of commencement of this Agreement. 
 As from
the date this Agreement enters into force, the Parties agree to take into account the following basic operating parameters as a reference for the above calculation: 
  

	 	(i)	[*****] 

  

	 	(ii)	[*****] 

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 8 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

	10.6	Specific conditions 

  

	10.6.1	Company’s Aircraft fleet change(s) 

 [*****] 

 

	10.6.2	Unused Aircraft 

 During the Term, should any Aircraft remain temporarily unused for
less than thirty (30) Days by the Company for whatever reason, the Company shall not request or obtain from the Provider a change in prices or terms and conditions set out in this Agreement in Clauses 10 and 12. 

 

	10.7	Maintenance Provision - Phase-in invoicing 

 No later than the first Scheduled
Event or Anticipated Event, the Company shall pay to ATR an amount (“Maintenance Provisions”) corresponding for each Main Element and/or their sub-assembly, to the number of FH and CY accrued since
the last overhaul or since new as applicable, multiplied by the applicable rate defined in Clauses 10.3.2 and 10.5 and applicable at the date of the first event. 

Should any Aircraft be subject to a Maintenance Reserves Agreement with ATR or ATR affiliated company, above Maintenance Provisions shall
be deducted from the applicable Maintenance Reserves still available into ATR or ATR affiliate’s account for each related individual Main Element and/or their sub- assembly as applicable. 

 

	10.8	Maintenance Provisions refundable at termination of the Agreement 

  

	10.8.1	Upon termination of this Agreement with respect to one or more Aircraft and/or Services in accordance with the terms of this Agreement (except as a result of a Company Default) (the “Termination
Date”), the Provider shall reimburse the Company Maintenance Provisions related to landing gears maintenance services and/or their sub-component for ATR 72-600 only based on
[*****]) of the amount set out in Clause 10.3.2 for maintenance services (the “Refund Amount”), taking into account the price applicable [*****] as per Clauses 10.5 and when applicable adjusted every
[*****] as per Clause 10 and 11, for each FH or CY performed for Main Elements: between the re-installation on such Aircraft after the last shop repair or overhaul or exchange occurred under this Agreement, as evidenced in the relevant
EASA, FAA, TC, or ANAC release form and ending on the Termination Date. 

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

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

  

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

  

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

  

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 9 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

 the Refund Amount will apply only for the maintenance reserves collected for
the landing gears installed on ATR 72-600 aircraft. In addition, it is agreed by the parties that [*****] of the maintenance provision paid for the maintenance of the landing gears will be reimbursed as credit memo for the
purchasing of services, goods and aircraft. 
 Should any Aircraft be an ATR and/or ATR affiliate’s property, then Refund Amount
shall be reimbursed to the owner. 
 Provider shall only be required to reimburse the Refund Amount provided that: 

 

	 	(i)	the Company returned to the Provider all replacement spare(s) Main Element(s), items of the Stock, Core Items and Unserviceable LRU the Provider may have delivered or be expected from time to time according to the
terms of this Agreement, and 

  

	 	(ii)	The Company paid to the Provider all due amounts, and 

  

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

  

	 	(iv)	The related maintenance service is not subject to payment on event. 

  

	10.8.3	It is also understood that airborne FH and/or CY to be taken into account for such a refund process are only those accrued on original Main Element(s) of Aircraft when fitted on Company’s Aircraft or
alternatively spare(s) main elements of Company property. FH and/or CY accrued on replacement spare Main Element(s) provided by the Provider to the Company under this Agreement and/or any Main Element(s) different from those installed on Aircraft on
the date they were originally delivered to the Company or not owned by the Company shall not be taken into account in this refund process.” 

2.2 Amendment to Exhibit 3 “STOCK” 

The Exhibit 3-A5 is cancelled and substituted in its entirety by the Exhibit 3-A6 attached hereto and any reference to Exhibit 3 in the
Agreement shall be construed as reference to such Exhibit 3-A6. 
 2.3 Amendment to Exhibit 10
“LEASE OF STOCK” 
  

	 	a)	Clause 2.4 of the Exhibit 10 - Lease Stock of the Agreement shall be cancelled and substituted by the following: 

The Stock total value of Exhibit 3 list shall be: 

For the initial AZUL stock delivered under economic conditions 2010,  

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

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

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

For the second batch limited to the parts not recommended by the repairer, stock delivered as set in
Exhibit 3-A5 of the Amendment under the GMA TRIP under economic conditions 2011 

[*****] 
  

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 10 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

 For the sake of clarity, parts of the Stock contained into the second batch that are
recommended by Repairer, are provided [*****] delivered under the GMA TRIP under economic conditions 2011 [*****]. 

For the batch related to the Amendment 5, stock delivered under economic conditions 2013 

[*****] 
 For
the batch related to the Amendment 6, stock delivered under economic conditions 2014  
 [*****] 

 

	 	a)	Clause 2.5 of the Exhibit 10 - Lease Stock of the Agreement shall be cancelled and substituted by the following: 

“The Stock total value of Exhibit 7 list, under economic conditions 2010, shall be: 

For the stock delivered under the AZUL amendment 1 

[*****] 
 For
the stock delivered under the GMA TRIP 
 [*****] 

For the sake of clarity the Stock total value is the sum of the Stock total value of Exhibit 3 list and the Stock total value of Exhibit 7
list, i.e. 
 [*****] 
  

	 	b)	Any other provision of the Exhibit 10 shall remain in full force and effect. 

 2.4 Amendment to Exhibit
12 “LRU AND MAIN ELEMENTS REPAIR SERVICES” 
  

	 	a)	Clause II.2.2 of the Exhibit 12 – LRU and Main Elements Repair Services of the Agreement shall be cancelled and substituted by the following: 

“ 
  

	 	II.2.2	At the date of entry into force of this Agreement, the Parties acknowledge and agree that applicable intervals for inspections / overhauls on Main Elements are: 

 

	 	(i)	Intentionally left blank, 

  

	 	(ii)	for propellers components of ATR42-500, 72-500, 72-600 aircraft (system 568F): overhaul at [*****] for the blades, hub, transfer tube and adjusting nut, or should the first occurs, the calendar limit of
[*****],  

  

	 	(iii)	for landing gears of 

  

	 	•	 	ATR72-500 / 72-600 Aircraft: overhaul at [*****] cycles, or should the first occurs, the calendar limit of [*****] 

  

	 	•	 	ATR42-500 Aircraft: overhaul at [*****], or should the first occurs, the calendar limit of [*****]. 

The Provider reserves its rights to ask the Company to modify the above Main Elements maintenance program in accordance with the Aircraft
Manufacturer MRB and/or MPD, to optimize the Company’s Aircraft dispatch reliability, and provided the Company’s airworthiness authorities enable so. 
  

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 11 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

 The prices set out in Clause 10.3 are calculated on the basis of maintenance programs and
inspection intervals provided herein and may be adjusted in the case such maintenance programs are changed from time to time during the Term or in case the above mentioned intervals for inspections and overhauls are not reached.” 

 

	 	b)	Any other provision of the Exhibit 12 shall remain in full force and effect. 

 2.5 Amendment to
Exhibit 12 “LRU AND MAIN ELEMENTS REPAIR SERVICES” 
  

	 	a)	Clause II.6.2.1 of the Exhibit 12 – LRU and Main Elements Repair Services of the Agreement shall be cancelled and substituted by the following: 

“ 
  

	II.6.2.1	General terms and conditions 

 The spare Main Elements delivered and leased by
Provider to the Company in accordance with this Clause II.6 are limited to the replacement of the corresponding Main Element of Main Element sub-assembly to be removed for maintenance visit being either the full assembly or, in particular for
propellers and landing gears, only the component or sub-assembly due to maintenance visit in accordance with the applicable maintenance manuals: 
  

	 	•	For propellers: the blades and/or the hub and/or the actuator and/or the transfer tube, 

  

	 	•	For landing gears: the nose leg and/or the NLG drag brace and/or the main leg (LH and/or RH) and/or the side brace (LH and/or RH). 

At the time the Company will send a Work Order for the delivery and lease of any spare Main Element to replace a Main Element to be removed
for repair or major refurbishment, this (these) replacement spare Main Element(s) will be eligible for delivery and lease to the Company, provided that: 
  

	 	(i)	the Company is not in default of any of its obligations under to this Agreement, and 

  

	 	(ii)	spare Main Element(s) already provided by Provider under Exhibit 10 and/or this Clause II.6 is(are) no longer available into Company’s stores, and 

 

	 	(iii)	the total number of Main Elements requested for delivery under this Clause II.6 by the Company is limited for scheduled maintenance, at any time, to: 

 

	 	(a)	intentionally left blank, 

  

	 	(b)	for propellers: [*****] (or same sub-assembly component), 

  

	 	(c)	for landing gears: [*****] (or same sub-assembly component).” 

  

	 	b)	Any other provision of the Exhibit 12 shall remain in full force and effect. 

  

	3.	Entry into force and Conditions Precedent 

 This Covenant shall enter into force
on its date of signature by the Parties, subject to the following conditions precedent having been met (or expressly waived) to the Provider’s satisfaction: 
  

	 	a)	The payment by AZUL of the Security deposit related to the resizing of the on-site stock, and 

  

	 	b)	The provision by the AZUL to the Provider of the relevant insurance certificate as per Clause 8 (“Insurances”) related to the resizing of the on-site stock. 

Unless otherwise agreed upon in writing by the Parties through a subsequent amendment to the GMA AZUL and/or GMA TRIP, this Covenant shall
remain in force for the term of the referenced GMA. 
  
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 12 / 27
		 	DS/CS-551/14	 	

	4.	Miscellaneous 

 4.1 This Covenant contains the entire agreement between the
Parties regarding the subject-matter and shall supersede any previous understandings, commitments and/or representations whatsoever oral or written. 

4.2 In case of any inconsistency between the terms of the GMA AZUL and/or GMA TRIP, as relevant, and this Covenant regarding the
subject-matter, the latter shall prevail. 
 To the extent not inconsistent with this Covenant, all terms and conditions of the GMA AZUL
and/or GMA TRIP, as relevant, shall remain valid and binding. 
 4.3 This Covenant shall not be varied or modified except by a written
document duly signed by duly authorized representatives of the Parties. 
  

	5.	Governing law – Arbitration 

 The provisions of Clause 24 “Governing
Law and Arbitration” of the GMA AZUL and/or GMA TRIP, as relevant, shall apply mutatis mutandis to this Covenant. 

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 13 / 27
		 	DS/CS-551/14	 	

 EXECUTION PAGE 

This Covenant has been executed in three (3) original copies in the English language. 

For and on behalf 
 AZUL 

/s/ Renato Covelo 
 Signed by: Renato Covelo 

Function: Attorney In Fact 
 Date: March 19th, 2014 
 For and on behalf 

TRIP 
 /s/ Renato Covelo 

Signed by: Renato Covelo 
 Function: Attorney In Fact 

Date: March 14th, 2014 

For and on behalf 
 AVIONS DE TRANSPORT REGIONAL 

/s/ Massima Castorina 
 Signed by: Massima Castorina 

Function: Vice – President Commercial 

 Product Support & Services 
 Date: 

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 14 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 3-A6 – STOCK 

[*****] 
  

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 15 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 16 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 17 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 18 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

  

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 19 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 20 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

  

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 21 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 22 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 23 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 24 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

  

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 25 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 26 / 27
		 	DS/CS-551/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 06 issue 4	 	Page 27/ 27
		 	DS/CS-551/14	 	

 

 
 1- Amendment n° 7 issue 2 

to the Global Maintenance Agreement 

(Contract ref DS/CC-2612/10) 

between 
 AZUL LINHAS
AÉREAS BRASILEIRAS S/A 
 and 

Avions de Transport Regional GIE 

dated December the 24th, 2010; 

2- Amendment no 5 issue 2 

to the Global Maintenance Agreement 

(Contract reference DS/C-2883/09) 

between 
 TRIP LINHAS
AÉREAS S/A 
 and 

Avions de Transport Regional GIE 

dated September the 10th, 2010. 

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

and 
 TRIP LINHAS AÉREAS
S/A 
 (as Company) 
 and

 AVIONS DE TRANSPORT REGIONAL, G.I.E. 

(as Provider) 
 Signing
Date: August 13, 2014 

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 1 / 21
		 	DS/CS-2627/14	 	

 CONTENTS 
  

									
	 CONTENTS
	  	 	2	  
	 WHEREAS:
	  	 	4	  
	 NOW THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:
	  	 	5	  
	 1.
	  	 Definitions
	  	 	5	  
	 2.
	  	 Amendments to GMA AZUL and GMA TRIP
	  	 	5	  
		  	 2.1
	    	 Amendment to Exhibit 3 “STOCK”
	  	 	5	  
		  	 2.3
	    	 Amendment to Exhibit 10 “LEASE OF STOCK”
	  	 	5	  
	 3.
	  	 Entry into force and Conditions Precedent
	  	 	6	  
	 4.
	  	 Miscellaneous
	  	 	6	  
	 5.
	  	 Governing law – Arbitration
	  	 	6	  
	 EXHIBIT 3-A6 – STOCK
	  	 	8	  

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 2 / 21
		 	DS/CS-2627/14	 	

 This covenant (hereinafter referred to as the “Covenant”) is made on August 13, 2014: 

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

Hereafter referred to as “AZUL”, 

on the one part, 
 AND: 

TRIP LINHAS AÉREAS S/A, a company incorporated under the laws of Sao Paulo, Brazil, whose registered office is at Avenida Cambacicas, 1.200,
Campinas – SP, Brazil, identified under Cadastro Nacional de Pessoa Jurídica (CNPJ) number 02.428.624/0001-30; 

Hereafter referred to as “TRIP”, 

on the second part, 
 Hereafter individually or
collectively referred to as “Company”, as the context requires, 
 AND: 

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

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

on the third part. 
 Hereinafter individually
referred to as the “Party” or collectively as the “Parties” 

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 3 / 21
		 	DS/CS-2627/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

 WHEREAS: 
  

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

  

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

  

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

  

	4)	WHEREAS further to operation as detailed above in 3), AZUL is going to progressively operate an enlarged fleet of Aircraft coming from TRIP; AZUL and TRIP wishing that operational support tasks as well as
scheduled and unscheduled maintenance regarding their respective Aircraft fleet being provided by ATR benefiting of the GMA AZUL main terms and conditions; and, 

  

	5)	WHEREAS ATR, as the Aircraft manufacturer and Provider, made a commercial proposal ref DS/CC-65/12 Issue 3 (the “Commercial Proposal”) to AZUL and TRIP, dated February 8th, 2013, setting out its capacities and abilities to satisfy such needs, and AZUL and TRIP agreed on the Commercial Proposal on February 19th,
2013; and 

  

	6)	WHEREAS the Parties have amended the GMA AZUL (Amendment n°5) and the GMA TRIP (Amendment n°3), on August 20th, 2013; and 

 

	7)	WHEREAS, in consideration of the resizing of the on-site stock, the [*****], the Parties have amended the GMA AZUL (Amendment n°6) and the GMA TRIP (Amendment n°4), on March 14th, 2014; and 

  

	8)	WHEREAS, in consideration of the resizing of the on-site stock, the Parties intend to amend the GMA TRIP and the GMA AZUL in order to integrate additional Stock ; and, 

 

	9)	WHEREAS the Parties wish to amend certain provisions of the GMA TRIP and GMA AZUL upon the terms and conditions set out below. 

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 4 / 21
		 	DS/CS-2627/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

 NOW THEREFORE, IT IS HEREBY AGREED AS FOLLOWS: 

 

	1.	Definitions 

 Unless otherwise defined, capitalized terms, singular or plural,
used in this Covenant, shall have the same meaning ascribed thereto in the GMA AZUL and/or the GMA TRIP. 
  

	2.	Amendments to GMA AZUL and GMA TRIP 

 The following articles, sentences or words
of GMA AZUL and GMA TRIP are amended as follows: 
 2.1 Amendment to Exhibit 3 “STOCK” 

The Exhibit 3-A5 is cancelled and substituted in its entirety by the Exhibit 3-A6 attached hereto and any reference to Exhibit 3 in the
Agreement shall be construed as reference to such Exhibit 3-A6. 
 2.3 Amendment to Exhibit 10 “LEASE OF STOCK” 

 

	 	a)	Clause 2.4 of the Exhibit 10 - Lease Stock of the Agreement shall be cancelled and substituted by the following: 

The Stock total value of Exhibit 3 list shall be: 

For the initial AZUL stock delivered under economic conditions 2010, 

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

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

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

For the second batch limited to the parts not recommended by the repairer, stock delivered as set in Exhibit 3-A5 of the Amendment under the
GMA TRIP under economic conditions 2011 
 [*****] 

For the sake of clarity, parts of the Stock contained into the second batch that are recommended by Repairer, are provided [*****]
delivered under the GMA TRIP under economic conditions 2011 
 [*****] 

For the batch related to the Amendment 5, stock delivered under economic conditions 2013 

[*****] 
 For the
batch related to the Amendment 6, stock delivered under economic conditions 2014 
 [*****] 

For the batch related to the Amendment 7, stock delivered under economic conditions 2014 

[*****] 
  

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 5 / 21
		 	DS/CS-2627/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

	 	a)	Clause 2.5 of the Exhibit 10 - Lease Stock of the Agreement shall be cancelled and substituted by the following: 

“The Stock total value of Exhibit 7 list, under economic conditions 2010, shall be: 

For the stock delivered under the AZUL amendment 1 

[*****] 

For the stock delivered under the GMA TRIP 

[*****] 

For the sake of clarity the Stock total value is [*****] 

[*****] 
  

	 	b)	Any other provision of the Exhibit 10 shall remain in full force and effect. 

  

	3.	Entry into force and Conditions Precedent 

 This Covenant shall enter into force
on its date of signature by the Parties, subject to the following conditions precedent having been met (or expressly waived) to the Provider’s satisfaction: 
  

	 	a)	The payment by AZUL of the Security deposit related to the resizing of the on-site stock, and 

  

	 	b)	The provision by the AZUL to the Provider of the relevant insurance certificate as per Clause 8 (“Insurances”) related to the resizing of the on-site stock. 

Unless otherwise agreed upon in writing by the Parties through a subsequent amendment to the GMA AZUL and/or GMA TRIP, this Covenant shall
remain in force for the term of the referenced GMA. 
  

	4.	Miscellaneous 

 4.1 This Covenant contains the entire agreement between the
Parties regarding the subject-matter and shall supersede any previous understandings, commitments and/or representations whatsoever oral or written. 

4.2 In case of any inconsistency between the terms of the GMA AZUL and/or GMA TRIP, as relevant, and this Covenant regarding the
subject-matter, the latter shall prevail. 
 To the extent not inconsistent with this Covenant, all terms and conditions of the GMA AZUL
and/or GMA TRIP, as relevant, shall remain valid and binding. 
 4.3 This Covenant shall not be varied or modified except by a written
document duly signed by duly authorized representatives of the Parties. 
  

	5.	Governing law – Arbitration 

 The provisions of Clause 24 “Governing Law
and Arbitration” of the GMA AZUL and/or GMA TRIP, as relevant, shall apply mutatis mutandis to this Covenant. 
  

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 6 / 21
		 	DS/CS-2627/14	 	

 EXECUTION PAGE 

This Covenant has been executed in three (3) original copies in the English language. 

For and on behalf 
 AZUL 

/s/ Alexandre Wagner Malfitani 
 Signed by: Alexandre Wagner
Malfitani 
 Function: Attorney In Fact 
 Date: July 31, 2014

 For and on behalf 
 TRIP 

/s/ Alexandre Wagner Malfitani 
 Signed by: Alexandre Wagner
Malfitani 
 Function: Attorney In Fact 
 Date: July 31, 2014

 For and on behalf 
 AVIONS DE TRANSPORT REGIONAL 

/s/ P/O D. Vintner 
 Signed by: Massimo Castorina 

Function: Vice-President Commercial 
 Product
Support & Services 
 Date: 

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 7 / 21
		 	DS/CS-2627/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

 EXHIBIT 3-A6 – STOCK 

The following Exhibit is composed of twelve (12) pages, into which are listed [*****] part numbers. 

 

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 8 / 21
		 	DS/CS-2627/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 9 / 21
		 	DS/CS-2627/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 10 / 21
		 	DS/CS-2627/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 11 / 21
		 	DS/CS-2627/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

  

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 12 / 21
		 	DS/CS-2627/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 13 / 21
		 	DS/CS-2627/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

  

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 14 / 21
		 	DS/CS-2627/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 15 / 21
		 	DS/CS-2627/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 16 / 21
		 	DS/CS-2627/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 17 / 21
		 	DS/CS-2627/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

  

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 18 / 21
		 	DS/CS-2627/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 19 / 21
		 	DS/CS-2627/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

																	
	 ITEM [*****]
	  	 [*****]
	  	 [*****]
	  	 [*****]
	  	 [*****]
	  	 [*****]
	  	 [*****]
	  	 [*****]
	  	 [*****]

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

  

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 20 / 21
		 	DS/CS-2627/14	 	

 CONFIDENTIAL TREATMENT REQUESTED 

 

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

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

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

  
  

					
	AZUL & TRIP - ATR	 	Global Maintenance Agreement-Addendum 07 issue 2	 	Page 21 / 21
		 	DS/CS-2627/14

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