Document:

al_Ex10_9

		
			EXHIBIT 10.9
		

		
			 
		

		
			Confidential Treatment
		

		
			Requested Pursuant to Rule 24b-2
		

		
			 
		

		
			AMENDMENT N°12
		

		
			 
		

		
			 
		

		
			TO THE
		

		
			 
		

		
			 
		

		
			 
		

		
			A320 NEO FAMILY PURCHASE AGREEMENT
		

		
			 
		

		
			 
		

		
			 
		

		
			BETWEEN
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			AIRBUS S.A.S.
		

		
			 
		

		
			 
		

		
			as Seller
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			and
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			AIR LEASE CORPORATION
		

		
			 
		

		
			As Buyer
		

		
			 
		

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

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			AMENDMENT N°12 TO THE
		

		
			A320 NEO FAMILY PURCHASE AGREEMENT
		

		
			 
		

		
			This amendment N°12 (the “Amendment N°12”) dated 17 August 2016 is made
		

		
			 
		

		
			BETWEEN:
		

		
			 
		

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

		
			 
		

		
			and
		

		
			 
		

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

		
			 
		

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

		
			 
		

		
			WHEREAS:
		

		
			 
		

		
			A.   The Buyer and the Seller have signed a purchase agreement with reference CLC-CT1103377 on 10 May 2012 for the manufacture and sale by the Seller and purchase by the Buyer of thirty-six (36) firm A320 NEO Family aircraft hereinafter together with its Exhibits and Letter Agreements referred to as the “Purchase Agreement”.
		

		
			 
		

		
			B.   The Buyer and the Seller have signed an amendment N°1  to the Purchase Agreement on 28 December 2012 for the manufacture and sale by the Seller and purchase by the Buyer of fourteen (14) incremental A320 NEO Family aircraft referred to as “Amendment N°1”.
		

		
			 
		

		
			C.   The Seller and the Buyer have signed an amendment N°2  to the Purchase Agreement on 14 July 2014 to (i) [*] and (ii) [*] referred to as “Amendment N°2”. 
		

		
			 
		

		
			D.   The Buyer and the Seller have signed an amendment N°3  to the Purchase Agreement on 14 July 2014 for the manufacture and sale by the Seller and purchase by the Buyer of sixty (60) incremental A320 NEO Family aircraft referred to as “Amendment N°3”.
		

		
			 
		

		
			E.   The Buyer and the Seller have signed an amendment N°4 to the Purchase Agreement on 10 October 2014 for [*] referred to as “Amendment N°4”.
		

		
			 
		

		
			F.   The Buyer and the Seller have signed an amendment N°5 to the Purchase Agreement on 3  March 2015 for the cancellation of sixty (60) Amendment 3 NEO Aircraft and for the manufacture and sale by the Seller and purchase by the Buyer of ninety (90) incremental A321 NEO Family aircraft referred to as “Amendment N°5”.
		

		
			 
		

		
			G.   The Buyer and the Seller have signed an amendment N°6 to the Purchase Agreement on 18 March 2015 to [*] referred to as “Amendment N°6”.
		

		
			 
		

		
			H.   The Buyer and the Seller have signed an amendment N°7 to the Purchase Agreement on 09 November 2015 in order to [*] referred to as “Amendment N°7”. 
		

		
			 
		

		
			I.    The Buyer and the Seller have signed an amendment N°8 to the Purchase Agreement on 08 January 2016 in order to [*] referred to as “Amendment N°8”.
		

		
			 
		

		
			J.    The Buyer and the Seller have signed an amendment N°9 to the Purchase Agreement on 04 April  2016  in order to [*] referred to as “Amendment N°9”.
		

		
			 
		

		

		
			*    Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.
		

		
			
		

		
			

		 

		

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			K.   The Buyer and the Seller have signed an amendment N°10 to the Purchase Agreement on 12 April 2016 in order in order to [*] referred to as “Amendment N°10”. 
		

		
			 
		

		
			L.   The Buyer and the Seller have signed an amendment N°11 on 2 June 2016 in order to [*] referred to as “Amendment N°11”.  
		

		
			 
		

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

		
			 
		

		
			M.  The Parties now wish to enter into this Amendment N°12 in order to among other things (i) introduce the new A321-200NX standard specification, [*].
		

		
			 
		

		
			The terms “herein”, “hereof” and “hereunder” and words of similar import refer to this Amendment N°12. Capitalized terms used herein and not otherwise defined herein will have the meanings assigned thereto in the Agreement.
		

		
			 
		

		
			NOW IT IS HEREBY AGREED AS FOLLOWS:
		

		
			 
		

		

		
			*     Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.
		

		
			
		

		
			

		 

		

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			0.          INTRODUCTION OF A321-200 NX STANDARD SPECIFICATION
		

		
			 
		

		
			Following release by the Seller of the first issue of the A321-200NX Standard Specification, the Parties hereby agree in respect of A321 NEO Aircraft only, to amend certain provisions of the Agreement. 
		

		
			 
		

		
			0.1        Definitions
		

		
			 
		

		
			0.1.1     The Parties hereby agree that:
		

		
			 
		

		
			(i)   Definitions of “A321 NEO Aircraft or A321 NEO”, “A321 NEO Aircraft Standard Specification” as set forth in Clause 0 of the Purchase Agreement and amended from time to time are hereby deleted in their entirety.
		

		
			 
		

		
			(ii)   The following definitions shall be added to Clause 0 of the Purchase Agreement : 
		

		
			 
		

		
			QUOTE
		

		
			 
		

		
			A321 NEO Aircraft or A321 NEO - an A321-200N or an A321-200NX type aircraft, as applicable, delivered under this Agreement.
		

		
			 
		

		
			A321 NEO Standard Specification - either the A321-200N Standard Specification or the A321-200NX Standard Specification, as applicable.
		

		
			 
		

		
			A321-200N Standard Specification - the A321-200N standard specification document Number E.000.02000N Issue 1, dated 23rd December 2014, a copy of which has been annexed hereto as Exhibit A, including the following design weights:
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						MTOW:

					
					
						[*] metric tones

				
	
					
						MLW:

					
					
						[*] metric tones

				
	
					
						MZFW:

					
					
						[*] metric tones

				

		
			 
		

		
			A321-200NX Standard Specification - the A321-200NX standard specification document Number E.000.02000NX, Issue 1, dated 22nd April 2016, a copy of which has been annexed hereto as Exhibit A, incorporating a new standard door configuration for the A321 NEO Aircraft consisting in a Type C door 1, a Type III over-wing exit, a Type C door 3 and a Type C door 4 (the “Airbus Cabin Flex”) and including the following design weights:
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						MTOW:

					
					
						[*] metric tones

				
	
					
						MLW:

					
					
						[*] metric tones

				
	
					
						MZFW:

					
					
						[*] metric tones

				

		
			 
		

		
			UNQUOTE
		

		
			 
		

		
			0.1.2     The Parties hereby agree that Exhibit A and its Appendix 1 of the Purchase Agreement, amended from to time, are hereby deleted in their entirety and replaced with the content of Appendix 2 hereto.
		

		
			 
		

		
			0.2        Specification
		

		
			 
		

		
			The Parties agree that Clause 2.1.2 of the Purchase Agreement, as amended from time to time, is hereby deleted in its entirety and replaced as follows:
		

		
			 
		

		
			QUOTE
		

		
			 
		

		
			2.1.2    A321 NEO Aircraft Specification
		

		
			 
		

		

		
			*     Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.
		

		
			
		

		
			

		 

		

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			2.1.2.1     A321 NEO Aircraft having their Scheduled Delivery Month prior to [*] shall be manufactured in accordance with the A321-200N Standard Specification, as may already have been modified or varied at the date of this Agreement by the Specification Change Notices listed in Appendix 1  to Exhibit A.
		

		
			 
		

		
			2.1.2.2     A321 NEO Aircraft having their Scheduled Delivery Month from [*] onwards shall be manufactured in accordance with the A321-200NX Standard Specification, as may already have been modified or varied at the date of this Agreement by the Specification Change Notices listed in Appendix 1 to Exhibit A.
		

		
			 
		

		
			UNQUOTE
		

		
			 
		

		
			0.3       [*]
		

		
			 
		

		
			 
		

		
			1.         AIRCRAFT TYPE AND PROPULSION SYSTEM SELECTION
		

		
			 
		

		
			1.0       [*]
		

		
			 
		

		
			1.1       At the Buyer’s request,  [*] the Parties hereby agree to [*]:
		

		
			 
		

		
			             [*]
		

		
			 
		

		
			 
		

		
			1.2 
		

		
			 
		

		
			1.2.1     Notwithstanding Clause 2.1.2 of the Purchase Agreement as modified by Clause 0.2 of this Amendment N°12, the Aircraft [*] shall be manufactured in accordance with the A321-200NX Standard Specification, as may already have been modified or varied at the date of this Agreement by the Specification Change Notices listed in Appendix 1 to Exhibit A.
		

		
			 
		

		
			1.2.2     The Parties agree that the first paragraph of Clause 7.3 of Letter Agreement N°2 to Amendment N°5, as modified by Clause of Amendment N°7 is deleted in its entirety and replaced as follows:
		

		
			 
		

		
			             QUOTE
		

		
			 
		

		
			             [*]
		

		
			 
		

		
			             UNQUOTE
		

		
			 
		

		
			 
		

		
			1.3        [*]
		

		
			 
		

		
			1.4        [*]
		

		
			 
		

		
			1.5        [*]
		

		
			 
		

		
			1.6        [*]
		

		
			 
		

		
			1.7        [*]
		

		
			 
		

		
			 
		

		
			2.          [*]
		

		
			 
		

		
			3.          INCONSISTENCY AND CONFIDENTIALITY
		

		

		
			*     Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.
		

		
			
		

		
			

		 

		

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			3.1        In the event of any inconsistency between the terms and conditions of the Agreement and those of this Amendment N°12, the latter shall prevail to the extent of such inconsistency, whereas the part of the Agreement not concerned by such inconsistency shall remain in full force and effect.
		

		
			 
		

		
			3.2        This Amendment N°12 reflects the understandings, commitments, agreements, representations and negotiations related to the matters set forth herein whatsoever, oral and written, and may not be varied except by an instrument in writing of even date herewith or subsequent hereto executed by the duly authorised representatives of both Parties.
		

		
			 
		

		
			3.3        This Amendment N°12 shall be treated by both Parties as confidential and shall not be released in whole or in part to any third party without the prior consent of the other Party except as may be required by law, or to professional advisors for the implementation hereof.
		

		
			 
		

		
			4.          COUNTERPARTS
		

		
			 
		

		
			             This Amendment N°12 may be executed by the Parties in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument.
		

		
			 
		

		
			 
		

		
			5.          LAW AND JURISDICTION
		

		
			 
		

		
			The provisions of Clause 22.6 of the Purchase Agreement shall apply to this Amendment N°12 as if the same were set out in full herein, mutatis mutandis.
		

		
			 
		

		
			
		

		
			

		 

		

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			IN WITNESS WHEREOF this Amendment N°12 was entered into the day and year first above written.
		

		
			 
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						For and on behalf of

					
					
						For and on behalf of

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						AIR LEASE CORPORATION

					
					
						AIRBUS S.A.S.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Grant Levy

					
					
						By:

					
					
						/s/ Benoit de Saint-Exupery

				
	
					
						 

					
					
						 

				
	
					
						Its:

					
					
						Its:

					
					
						Vice President Contracts

				

		
			 
		

		
			
		

		
			

		 

		

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			APPENDIX 1 TO AMENDMENT N°12
		

		
			 
		

		
			 
		

		
			 
		

		
			[*]
		

		
			 
		

		
			 
		

		
			 
		

		

		
			*     Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.
		

		
			
		

		
			

		 

		

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			APPENDIX 2 TO AMENDMENT N°12
		

		
			 
		

		
			 
		

		
			 
		

		
			Exhibit “A”
		

		
			 
		

		
			 
		

		
			 
		

		
			SPECIFICATION
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			The A320-200N, A321-200N and A321-200NX Standard Specification are contained in a separate folder.
		

		
			 
		

		
			
		

		
			

		 

		

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			APPENDIX 2 TO AMENDMENT N°12 - APPENDIX 1 TO EXHIBIT A: A320 NEO, A321 NEO and A321 NEO NX AIRCRAFT BASELINE SPECIFICATION
		

		
			 
		

		
			[*]
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		

		
			*     Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.
		

		
			 
		

		 

		

			Page 10/10Exhibit

Exhibit 10.7

AMENDMENT NO.1 TO CRUDE TALL OIL AND
 BLACK LIQUOR SOAP SKIMMINGS AGREEMENT

This Amendment No.1 (this “Amendment”) to the Supply Agreement, dated as of March 1, 2017 (the “Effective Date”), is entered into by and between WestRock Shared Services, LLC and WestRock MWV, LLC, on behalf of the affiliates of WestRock Company (“Seller”), and Ingevity Corporation, a Delaware corporation (“Buyer”).  

WHEREAS, Seller and Buyer previously entered into that certain Crude Tall Oil and Black Liquor Soap Skimmings Agreement, effective as of January 1, 2016 (the “Agreement”; capitalized terms used herein but not defined herein shall have the meanings given them in the Agreement); and

WHEREAS, Buyer and Seller desire to amend the Agreement as detailed below.

NOW THEREFORE, in consideration of the mutual premises and covenants contained herein and intending to be legally bound hereby, the Parties agree that the Agreement is amended as follows:

1.Removal of Tres Barras, Santa Catarina, Brazil Mill.  

A.    Effective on March 1, 2017 (the “Release Date”), Buyer and Seller agree to remove the Tres Barras, Santa Catarina Brazil Mill (the “Brazil Mill”) from the Agreement.  The removal of the Brazil Mill from the Agreement shall not release either Party from the obligation to pay any sum that may be owing to the other Party (whether then or thereafter due) or operate to discharge any liability that had been incurred by either Party prior to such removal.  Buyer and Seller agree that in order to effect the removal of the Brazil Mill from the Agreement, on the Release Date:

		
	i.
	The reference to “Tres Barras, Santa Catarina Brazil” is deleted from Section 1(B);

		
	ii.
	Sections 2(D)(i) and 3(D) and Exhibit E are deleted from the Agreement and replaced with “RESERVED”;

		
	iii.
	The reference to “Brazil” is deleted from Section 16;

		
	iv.
	In the table contained in Exhibit B, the reference to “Tres Barras, Brazil” and the accompanying information is deleted; and

		
	v.
	The reference to “Note 3” is deleted from Exhibit B.

B.    Brazilian Local Agreement.  Seller and Buyer shall cause their respective affiliates, to sign the Mutual Termination Agreement, attached as Exhibit A hereto.

C.    Payment.  As consideration for Seller agreeing to remove the Brazil Mill from the Agreement, Buyer shall pay Seller Two Hundred Fifty Thousand Dollars ($250,000), payable within thirty (30) days of the Effective Date.

2.Amendment to Section 1(E).  Section 1(E) of the Agreement is amended by deleting such Section in its entirety and replacing it with the following:

		
	E.
	Freight:  

Exhibit 10.7

(i)  Buyer is responsible for determining the mode of transportation and for providing suitable tank trucks, rail cars or barges for shipments of one hundred percent (100%) of the Products from the Mills.  All freight charges, insurance, demurrage and all other expenses incident thereto are for Buyer’s account; provided that, if Buyer incurs third party demurrage charges due to Seller’s delay, then Seller shall reimburse Buyer for such charges.  Seller will make commercially reasonable efforts to fully load tank trucks or rail cars to minimize total cost of transportation.  

(ii)Buyer may request and Seller shall provide a credit for underfilled vehicles (tank trucks and/or railcars) as follows:

		
	a.
	CTO:  Minimum Product weight in pounds for tank truck deliveries is 45,600.  Minimum Product weight in pounds for rail cars will be calculated as 95% of the volume capacity rating, by gallons, of the individual railcar used multiplied by 8.0 pounds/gallon. 

		
	b.
	BLSS:  Minimum Product weight in pounds for tank trucks is 42,750 for tank trucks originating from the Demopolis, Florence, and Panama City Mills.  Minimum Product weight in pounds for tank trucks is 39,900 for tank truck originating from the Evadale Mill. 

(iii)  In the event that the Parties determine to: (A) ship BLSS from Mills not referenced above; (B) shipment BLSS by rail car, or (C) ship Products by barge, then the Parties shall mutually agree in writing on the minimum weight for such shipment mode.  
(iv) If the Product weight as listed on Seller’s invoices for either tank trucks or rail cars (“Actual Weight”) is less than the applicable minimum weight indicated above (the “Minimum Weight”), Buyer may request and Seller shall provide a credit equal to (Buyer’s actual freight cost for such shipment divided by the Minimum Weight) multiplied by the (the Minimum Weight – the Actual Weight). If Buyer disagrees with Seller’s calculation of the Actual Weight, Seller shall provide Buyer with the opportunity to inspect the measuring process and equipment, to verify the disparity.  This credit calculation report will be generated by Buyer and sent to Seller on an excel spreadsheet substantially in the form of Exhibit K hereto at the time of the other calculations for amounts payable pursuant to Exhibit G of this Agreement, or credit shall be deemed waived. Seller will provide the applicable credit as a credit memo to Buyer for use within thirty (30) days from receipt of such report against applicable invoices from Seller (or, if the Agreement has terminated, will reimburse Buyer), as provided herein.  
       For example:

1.  CTO tank truck shipment with an Actual Weight of  41,700 lbs.   Minimum Weight is 45,600.  Seller will provide Buyer with a credit as follows:  $1,200 actual freight cost / 45,600 lbs. * (45,600 lbs-41,700 lbs.) = $102.63.
 

2

Exhibit 10.7

2.  BLSS tank truck shipment from Florence mill with an Actual Weight of 37,750 lbs.  Minimum Weight is 42,750 lbs.  Seller will provide Buyer with a credit as follows: $1,500 actual freight cost / 42,750 lbs. * (42,750 lbs. – 37,750 lbs.)  = $175.44.
 
3.  CTO rail car # GATX032026, which is rated for 20,460 gallons capacity, with an Actual Weight of 150,056 lbs.   Minimum Weight is 155,496 lbs. (20,460 gallons * 8.0 lbs./gallon*.95) Seller will provide Buyer with a credit as follows: $5,000 actual freight cost/ 155,496 lbs. * (155,496 lbs-150,056 lbs.) = $174.92.

(v)  Buyer and Seller will work in good faith to enable transportation by barge as is appropriate and mutually agreed.  The initial cost to develop and construct infrastructure for barge shipments shall be borne by Buyer and the maintenance costs for such infrastructure shall be as agreed in writing.

3.    Continuing Effect.  Except as expressly modified herein, all other terms and conditions of the Agreement will remain in full force and effect.   All references in the Agreement to “the Agreement” or “this Agreement” shall be deemed a reference to the Agreement as amended by this Amendment.  Furthermore, this Amendment may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to be one and the same instrument.  A signature sent by electronic or facsimile transmission shall be as valid and binding upon the Party as an original signature of such Party.

IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be executed by their duly authorized representatives as of the Effective Date.

	
			
	INGEVITY CORPORATION
	 
	WESTROCK SHARED 
SERVICES, LLC

	 
	 
	 

	By:_/S/ S. Edward Woodcock, Jr.____
	 
	By:_/S/ John D. Stakel_

	Name:  S. Edward Woodcock, Jr.
	 
	Name:  John D. Stakel

	Title:  EVP & President, Performance Materials
	 
	Title:  Senior Vice President

	Date:  March 1, 2017
	 
	Date:  March 8, 2017

	 
	 
	 

	 
	 
	WESTROCK MWV, LLC

	 
	 
	 

	 
	 
	By:_/S/ John D. Stakel_

	 
	 
	Name:  John D. Stakel

	 
	 
	Title:  Senior Vice President

	 
	 
	Date:  March 8, 2017

3

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