Document:

EX-10.19

 Exhibit 10.19 
 FORM OF FIRST AMENDMENT TO AMENDED AND RESTATED ESCROW AGREEMENT 

THIS FIRST AMENDMENT TO AMENDED AND RESTATED ESCROW AGREEMENT (this “Amendment”) is entered into as of this
[    ] day of [            ], 2013 by and among COLE REAL ESTATE INCOME STRATEGY (DAILY NAV), INC., a Maryland corporation (the “Company”), COLE CAPITAL
CORPORATION, an Arizona corporation (the “Dealer Manager”) and UMB BANK, N.A. (the “Escrow Agent”). 
 RECITALS 
 WHEREAS, the Company, the Dealer Manager and the Escrow
Agent entered into that certain Amended and Restated Escrow Agreement dated as of November 21, 2011 (the “Escrow Agreement”). Capitalized terms used herein without definition shall have the meanings ascribed to them in the
Escrow Agreement. 
 WHEREAS, the parties desire to make certain amendments to the Escrow Agreement as hereinafter set forth.

 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties agree as follows: 
 1. Amendment of Pennsylvania Required Capital Amount. The Pennsylvania Required Capital
amount, as defined in the Escrow Agreement, shall hereby be amended to be $133,333,333. 
 2. Amendment of Exhibit A. The
third sentence of Exhibit A to the Escrow Agreement (Form of Notice to Pennsylvania Subscribers) is hereby deleted in its entirety and replaced with the following sentence: 
 “The guidelines of the Pennsylvania Securities Commission do not permit the Company to accept subscriptions from Pennsylvania residents until an aggregate of $133,333,333 of gross offering proceeds
have been received by the Company.” 
 3. Full Force and Effect. Except as amended hereby, the terms, provisions,
conditions, covenants and agreements set forth in the Escrow Agreement, which are incorporated herein by this reference, are hereby affirmed and shall remain in full force and effect and shall be binding upon the parties hereto. 

4. Counterparts. This Amendment may be executed in any number of counterparts each of which shall be deemed an original of this
Amendment binding on the parties hereto. 
 [Remainder of page intentionally left blank] 

 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first set forth
above. 
  

			
	COLE REAL ESTATE INCOME STRATEGY
	(DAILY NAV), INC.
		
	By:	 	  

		 	Christopher H. Cole
		 	President and Chief Executive Officer
	
	COLE CAPITAL CORPORATION
		
	By:	 	  

		 	Jeffrey C. Holland
		 	President

  

			
	UMB BANK, N.A., as Escrow Agent
		
	By:	 	  

	Name: Lara L. Stevens
	Title: Vice PresidentEX-10.5

 Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the
information subject to the confidentiality request. Omissions are designated as [*****]. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission. 

Exhibit 10.05 
 IAE PROPRIETARY INFORMATION 
 FLEET HOUR AGREEMENT 

between 

CONTROLADORA VUELA COMPAÑÍA DE AVIACIÓN, S.A. DE C.V. 

and 

IAE INTERNATIONAL AERO ENGINES AG 

  
 Page 1 of 37

 IAE PROPRIETARY INFORMATION 
  
 Table of Contents 

 

							
	 1.
	 	 Definitions
	  	 	3	  
	 2.
	 	 FHA Services
	  	 	7	  
	 3.
	 	 Period of Cover
	  	 	7	  
	 4.
	 	 Shop Visit Coverage
	  	 	8	  
	 5.
	 	 Lease Engine Support
	  	 	9	  
	 6.
	 	 Transportation
	  	 	10	  
	 7.
	 	 General Fleet Hour Agreement Services
	  	 	10	  
	 8.
	 	 Excess Work
	  	 	10	  
	 9.
	 	 Obligations of Vuela
	  	 	12	  
	 10.
	 	 FHA Rates and Payment
	  	 	14	  
	 11.
	 	 Escalation Protection
	  	 	18	  
	 12.
	 	 Warranties
	  	 	18	  
	 13.
	 	 Delays
	  	 	19	  
	 14.
	 	 Duplicate Benefits
	  	 	19	  
	 15.
	 	 Intellectual Property
	  	 	20	  
	 16.
	 	 Amendment
	  	 	21	  
	 17.
	 	 Assignment
	  	 	21	  
	 18.
	 	 Exhibits
	  	 	21	  
	 19.
	 	 Headings
	  	 	21	  
	 20.
	 	 Notices
	  	 	21	  
	 21.
	 	 Exclusion of Other Provisions and Previous Understandings
	  	 	21	  
	 22.
	 	 Termination, Expiration and Events of Default
	  	 	22	  
	 23.
	 	 Negation of Waiver
	  	 	23	  
	 24.
	 	 Severability And Partial Invalidity
	  	 	23	  
	 25.
	 	 Governing Law
	  	 	23	  
	 26.
	 	 Limitation of Liability
	  	 	24	  
	 27.
	 	 Publicity
	  	 	24	  
	 28.
	 	 Confidentiality
	  	 	24	  
	 29.
	 	 Records and Audit
	  	 	24	  
		
	 Exhibit A Eligible Engine List
	  	 	26	  
		
	 Exhibit B IAE FHA Escalation Formula
	  	 	27	  
		
	 Exhibit C Accessories
	  	 	28	  
		
	 Exhibit D Powerplant – Description
	  	 	30	  
		
	 Exhibit E Addresses
	  	 	33	  
		
	 Exhibit F IAE Engine Monitoring Services
	  	 	36	  
		
	 Exhibit G Excess Work Labor and Fee Rates
	  	 	37	  
		
	 Exhibit H FHA Rate Adjustment
	  	 	38	  

  
 Page 2 of 37

 IAE PROPRIETARY INFORMATION 

 

 Fleet Hour Agreement 

THIS FLEET HOUR AGREEMENT (the “Agreement”) is made this          day of
         June 2007, between 
  

			
	IAE INTERNATIONAL AERO ENGINES AG	 	A joint stock company organized and existing under the laws of Switzerland, with a place of business at 400 Main Street, M/S 121-10, East Hartford, Connecticut 06108, USA,
(hereinafter called “IAE”).
	AND	 	
		
	CONTROLADORA VUELA COMPAÑÍA DE AVIACIÓN, S.A. DE C.V.	 	A corporation organized and existing under the laws of Mexico with a place of business at Av. Prolongación Reforma # 490 Primer Piso, Colonia Lomas Santa Fe,
Delegación Álvaro Obregón, México, Distrito Federal, C.P. 01210 Mexico (hereinafter called “Vuela”).
		 	

 (IAE and VUELA may be referred to herein collectively as the “Parties”, or individually as a
“Party”.) 
 WHEREAS: 
  

	A.	Vuela is acquiring from Airbus ***** new firm A319 aircraft powered by new V2527M-A5 engines and up to *****new option V2500 powered A320 family aircraft, and is
purchasing from IAE ***** new V2527M-A5 firm spare engines as well as any additional option V2500-A5 spare engines necessary to support option aircraft acquired by Vuela; 

 

	B.	Vuela and IAE have entered a General Terms Agreement, of even date herewith, for the sale of the spare V2527M-A5 engines and the supply of certain support services and
parts for V2527M-A5 engines; and 

  

	C.	IAE and Vuela now wish to agree upon terms whereby IAE shall arrange for, manage and subcontract certain maintenance of Vuela’s Eligible Engines (as hereinafter
defined). 

 NOW THEREFORE IT IS AGREED AS FOLLOWS: 

 

	1.	Definitions 

  

	 	1.1	“Accessory” or “Accessories” includes those items listed in Exhibit C to this Agreement originally installed on the Eligible
Engines or acquired new and dedicated solely for the support of Eligible engines. 

  

	 	1.2	“Airbus” shall mean Airbus Industrie SAS. 

  

	 	1.3	“Aircraft” shall mean all or each of 

  
 ***** Confidential portions
of the material have been omitted and filed separately with the Securities and Exchange Commission. 
 Page 3 of 37 

 IAE PROPRIETARY INFORMATION 

 

	 	1.3.1	The ***** Airbus A319 Firm Aircraft to be delivered in accordance with the schedule set forth in Exhibit B of the Support Contract, as such delivery schedule may
be amended from time to time; 

  

	 	1.3.2	Up to ***** new V2500-A5 powered Airbus A320 family aircraft which Vuela may acquire in addition to the Aircraft identified in Clauses 1.3.1 above.

  

	 	1.4	“Aircraft Maintenance Manual” or “AMM” means the aircraft maintenance manual published by Airbus for the Aircraft.

  

	 	1.5	“Airworthiness Directive” shall mean any applicable airworthiness directive issued by the Aviation Authority based on certification rules current as of
the date of this Agreement. 

  

	 	1.6	“Aviation Authority” shall mean the United States Federal Aviation Administration. 

 

	 	1.7	“Beyond Economic Repair” shall mean wear, tear or damage to an item of Eligible Engine that is beyond economic repair. 

 

	 	1.8	“BFE Item” shall mean those buyer furnished equipment items listed as such in Exhibit D of this Agreement. 

 

	 	1.9	“Business Day(s)” shall mean a Day other than a Saturday, Sunday or holiday scheduled by law for commercial banking institutions in the City of New
York, New York, United States. 

  

	 	1.10	“Day” means a calendar day. 

  

	 	1.11	“DGAC” shall mean the Dirección General de Aeronáutica Civil of Mexico. 

 

	 	1.12	“EBU Item” shall mean those engine build up items listed as such in Exhibit D to this Agreement originally installed on the Eligible Engines or
acquired new and dedicated solely for the support of Eligible Engines. 

  

	 	1.13	“Eligible Engine(s)” shall mean (a) the new Engines operated by Vuela originally installed on the Aircraft, (b) the Spare Engines, and
(c) any other Engines mutually agreed by the parties and listed in Exhibit A, in each case so long as such Engine is operated by Vuela. Exhibit A to this Agreement identifies the Eligible Engines as of the date hereof by serial
number, and will be updated by the Parties from time to time to identify Eligible Engines by serial number as Vuela takes delivery of the Aircraft and the Spare Engines (or as the parties agree to cover other Engines under this Agreement).

  

	 	1.14	“Eligible Engine Flight Cycles” shall mean, for each Eligible Engine, the number of times the wheels of an Aircraft on which the Eligible Engine is
installed leaves the ground on take-off during regularly scheduled revenue service. 

  

	 	1.15	“Eligible Engine Flight Hours” shall mean, for each Eligible Engine, the sum total of each hour or part thereof (fractions thereof measured to two
decimal places) elapsing from the moment the wheels of an Aircraft on which the Eligible Engine is installed leave the ground on take-off to the moment when the wheels of such Aircraft touch the ground on landing. 

  
 ***** Confidential portions
of the material have been omitted and filed separately with the Securities and Exchange Commission. 
 Page 4 of 37 

 IAE PROPRIETARY INFORMATION 
  
  

	 	1.16	“Eligible Removal” shall mean the necessary removal of an Eligible Engine from an Aircraft during the Period of Cover following all reasonable and
appropriate line maintenance actions and troubleshooting in accordance with the AMM and the FHA Manager’s recommendations, where such removal is due to (i) exceedance of AMM limits for continued operation as mutually agreed by Vuela and
the FHA Manager to be necessary (such agreement not to be unreasonably withheld); (ii) Life Limited Parts time expiry, provided the last Shop Visit for the Eligible Engine was performed by IAE during the Period of Cover; or (iii) the
written recommendation of the FHA Manager. 

  

	 	1.17	“Engine(s)” shall mean the basic IAE V2500-A5 turbofan engine, described in the V2500 Turbofan Engine Model Specifications set forth in Exhibit A
of the Support Contract, and which excludes Accessories, EBU Items and QEC Items. 

  

	 	1.18	“Engine Manual” shall mean the IAE document which sets forth the requirements for Engine off-wing repair. 

 

	 	1.19	“Excess Work” shall mean work undertaken by the Maintenance Center during a Shop Visit pursuant to this Agreement that is not covered by the FHA Rates,
as further described in Clause 0 of this Agreement. 

  

	 	1.20	“Failure” shall mean the breakage or malfunction of a Part (or Parts) rendering the Engine unserviceable and incapable of continued operation
without corrective action which is not as a result of misuse, neglect, accident, maintenance error, or improper maintenance activities by any party other than IAE or the Maintenance Center. 

 

	 	1.21	“FHA” shall mean this Fleet Hour Agreement. 

  

	 	1.22	“FHA Manager” shall mean the manager provided by IAE for the support of the operation of this Agreement in accordance with the provisions of
Clause 7 of this Agreement. 

  

	 	1.23	“FHA Rate(s)” shall mean the rate(s) collectively as set forth in Clause 10.1 below. 

 

	 	1.24	“Foreign Object Damage” shall mean damage to an Eligible Engine caused by the non-negligent ingestion of birds, hailstones or Runway Debris only.

  

	 	1.25	“Life Limited Parts” or “LLPs” shall mean the Parts identified in Chapter 5 of the V2500-A5 Engine Manual as having specific life
limits. 

  

	 	1.26	“Maintenance Center” shall mean the IAE shareholder maintenance center(s) designated by IAE and agreed by Vuela (such agreement not to be unreasonably
withheld, conditioned, or delayed) from time to time to perform services under this Agreement and which is approved by the Aviation Authority as a certified repair station. 

  
 Page 5 of 37

 IAE PROPRIETARY INFORMATION 

 

	 	1.27	“Maintenance Management Plan” or “MMP” shall mean the then-current V2500 engine maintenance planning documents described in Clause 7
of this Agreement, as customized for Vuela. 

  

	 	1.28	“Miscellaneous Shop Visit” shall mean any visit of an Eligible Engine to the Maintenance Center(s) following an Eligible Removal resulting from Failure
of a Part in an Eligible Engine or any other unplanned cause and which does not result in a Restoration Shop Visit being undertaken. 

  

	 	1.29	“Part(s)” shall mean Engine part(s) provided under this Agreement and delivered by IAE to Vuela as original equipment in an Eligible Engine, or Engine
spare parts sold to Vuela by IAE or Engine spare parts delivered to the designated Maintenance Center in support of Eligible Engines, excluding Accessories, EBU Items and QEC Items. 

 

	 	1.30	“Period of Cover” shall mean the applicable period for which IAE agrees to provide the services for each Eligible Engine pursuant to this Agreement, as
set forth in Clause 3 of this Agreement. 

  

	 	1.31	“QEC Item” shall mean those items listed as such in Exhibit D to this Agreement originally installed on the Eligible Engines or acquired new and
dedicated solely for the support of Eligible Engines. 

  

	 	1.32	“Restoration Shop Visit” shall mean any visit of an Eligible Engine to the Maintenance Center(s) following an Eligible Removal to accomplish Engine
performance restoration sufficient to make the Eligible Engine serviceable in accordance with the then current revision of the MMP for the relevant Engine (or any successor to such MMP), IAE technical publications, Airworthiness Directives, and
other IAE and Airworthiness Authority approved maintenance procedures, and which, as a minimum, includes a Level 3 refurbishment of the combustor and high pressure turbine. 

 

	 	1.33	“Runway Debris” shall mean any stones, gravel, or other small organic objects commonly found on properly maintained commercial airport runways.

  

	 	1.34	“Service Bulletin(s)” shall mean those IAE target V2500-A5 service bulletins (excluding service bulletins for Accessories) as indicated in the MMP for
Vuela, including service bulletins with a compliance code ***** which provide reliability and maintenance cost improvements; 

  

	 	1.35	“Shop Visit” shall mean either a Restoration Shop Visit or a Miscellaneous Shop Visit, as applicable. 

 

	 	1.36	“Spare Engine(s)” shall mean all or each of the new V2500-A5 Engines currently identified as Spare Engines in the Support Contract and either purchased
or to be purchased by Vuela from IAE and to be delivered in accordance with the schedule set forth in Exhibit B of the Support Contract, as such delivery schedule may be amended from time to time in accordance with the Support Contract.

  
 ***** Confidential portions
of the material have been omitted and filed separately with the Securities and Exchange Commission. 
 Page 6 of 37 

 IAE PROPRIETARY INFORMATION 
  
  

	 	1.37	“Support Contract” shall mean the V2500 General Terms Agreement, between IAE and Vuela dated of even date herewith, including all side letters and
amendments thereto. 

  

	 	1.38	“Taxes” shall mean imposts, taxes, duties, levies, fees, assessments or other like charges imposed by any government entity or taxing authority.

  

	 	1.39	“Testable Engine” shall mean an Eligible Engine with Accessories (including without limitation the Pneumatic Starter, ATA Code 80-13-41, and the
Pneumatic Starter Valve, ATA Code 80-13-51) installed so as to enable the Engine to be tested either prior to or following its repair without the need for making use of units provided by the Maintenance Center, as further described in the applicable
Engine Manual. 

  

	 	1.40	“Vuela Affiliates” shall mean any subsidiaries or other affiliates of Vuela that are either wholly-owned or otherwise controlled by Vuela or its
shareholders. 

  

	 	1.41	“Workscope” shall mean an IAE written repair request to the Maintenance Center(s) compliant with the MMP that authorizes the Maintenance Center(s) to
undertake work on Eligible Engines. 

  

	2.	FHA Services 

 IAE
shall provide to Vuela the following FHA service coverage for the Period of Cover for each Eligible Engine: 
  

	 	2.1	Engine Shop Visit Coverage in accordance with the terms of Clause 4; 

  

	 	2.2	Lease Engine Coverage in accordance with the terms of Clause 5; 

  

	 	2.3	General FHA Services in accordance with the terms of Clause 7; and 

  

	 	2.4	Excess Work as required in accordance with the terms of Clause 0. 

 The provision of such coverage by IAE is subject to Vuela not being in material breach (beyond any applicable grace period) of its obligations under Clause 9. 

 

	3.	Period of Cover 

  

	 	3.1	FHA coverage and payment as set forth in this FHA will begin for each Eligible Engine as of the date of each Engine’s initial entry into service and will remain in
force and effect for each Eligible Engine as follows: 

  

	 	3.1.1	For fifty percent (50%) of the Eligible Engines, until the expiration of ten (10) years after delivery of each such Eligible Engine (“Period of
Cover A”); and 

  

	 	3.1.2	For each of the remaining fifty percent (50%) of the Eligible Engines, until the later of (a) the expiration of ten (10) years after delivery of each
such Eligible Engine; and (b) completion of two (2) Restoration Shop Visits for each such Eligible Engine (“Period of Cover B”). 

  
 Page 7 of 37

 IAE PROPRIETARY INFORMATION 
  
  

	 	3.2	Vuela shall have the option to elect which Period of Cover is applicable for each Eligible Engine within the constraints listed above by providing written notice to the
IAE FHA Manager of its election for each Eligible Engine by no later than the date of induction for the first Restoration Shop Visit of each such Engine. For each Eligible Engine for which Vuela has not provided notice of its election prior to such
Engine’s first Restoration Shop Visit, the applicable Period of Cover shall be Period of Cover A. 

  

	 	3.3	In the event that after the Period of Cover for an Eligible Engine has been determined in accordance with 3.2 above, Vuela sells or otherwise transfers such Engine to a
lessor or financier as part of a sale and leaseback or similar financing arrangement, then Vuela at its election may request in writing that such Eligible Engine be reallocated from Period of Cover A to Period of Cover B (or vice versa). Following
IAE’s receipt of Vuela’s request, the Parties will mutually evaluate whether some or all of the Eligible Engines can be reallocated between the two Period of Cover options to accommodate Vuela’s change in financing while at the same
time maintaining (a) the Period of Cover balance set forth in Clause 3.1 and (b) the economic effects of the previous allocation. If the Parties determine that such reallocation can be accomplished within the criteria set forth in the
preceding sentence, the Parties will amend Exhibit A to this Agreement to reflect the agreed-upon reallocation. 

  

	 	3.4	The Parties agree to amend Exhibit A to this Agreement from time to time to accurately reflect the Period of Cover applicable for each Eligible Engine, as
determined in accordance with this Clause 3. 

  

	4.	Shop Visit Coverage 

Following an Eligible Removal, the affected Eligible Engine shall be forwarded to the Maintenance Center. IAE shall provide Vuela with the
proposed Workscope as early as possible (but in no event less than 3 days) prior to induction for a Shop Visit. IAE shall reasonably consider any modifications or additions to the Workscope proposed by Vuela and shall incorporate into such
Workscope all such modifications or additions which are required to be made in accordance with the MMP and this Agreement. Notwithstanding the foregoing, the parties acknowledge that IAE shall have the ultimate control of the Workscope. IAE shall
communicate the Workscope to the Maintenance Center and cause the Maintenance Center to complete the Shop Visit and provide Shop Visit reports with respect thereto in a timely manner. IAE shall pay to the Maintenance Center all charges directly
incurred in respect of goods, work and services carried out during the Shop Visit, excluding charges for Excess Work (if such charges have been invoiced directly to Vuela), including for the following items: 

 

	 	4.1	Labor, new and used material, handling fees and charges, vendor fees, and test cell fees (including fuel and oil consumed at test) required to:

  

	 	4.1.1	perform Engine reconditioning and repair in accordance with the Workscope to make the Eligible Engine serviceable to the specifications established in accordance with
the then current customized MMP for Vuela, IAE technical publications, Airworthiness Directives and other IAE or FAA approved maintenance procedures. 

  
 Page 8 of 37

 IAE PROPRIETARY INFORMATION 

 

	 	4.1.2	perform required Eligible Engine testing and retesting required by the Maintenance Center; 

 

	 	4.1.3	inspect, repair or replace Parts as required by Airworthiness Directives; 

  

	 	4.1.4	incorporate Service Bulletins ***** in accordance with the customized MMP; 

 

	 	4.1.5	Remove, repair or replace LLPs, except as provided in Clause 8.1.16 below; 

 

	 	4.1.6	provide Shop Visit documentation as follows: 

  

	 	(a)	serviceability tag FAA Form 8130-3 or -4, as applicable, and FAA Form 337; 

 

	 	(b)	a shop findings report on the services accomplished, including a report stating any damage detected and repairs accomplished; 

 

	 	(c)	a list of all Service Bulletins and Airworthiness Directives incorporated; 

 

	 	(d)	a list of all LLPs with associated times and cycles since new; 

  

	 	(e)	test cell performance data; 

  

	 	(f)	a list of Accessories by serial number. 

  

	 	4.2	IAE’s obligations for an Eligible Engine Shop Visit caused by Foreign Object Damage shall be limited to the provision of repair work and Parts provided through the
Maintenance Center to a maximum of ***** per event and such liability shall only be incurred to the extent that the damage is uninsured or not covered by insurance for failure to have met any deductible. 

 

	5.	Lease Engine Support 

 ***** 
  

	 	5.2	IAE’s obligation to provide such V2500-A5 lease Engine to Vuela is contingent on Vuela being in compliance with its obligations under Clause 9 and Vuela
demonstrating the availability of reasonably sufficient Spare Engines, Accessories, components and Parts to maintain proper support of the Eligible Engines. 

 

	 	5.3	Unless otherwise agreed in writing by the FHA Manager, Vuela shall ship to IAE any lease Engines furnished pursuant to 5.1 above within the earlier of the thirty
(30) days (as extended if applicable) as described above, or five (5) days after a Vuela Engine becomes available for installation at Vuela’s facilities. 

 

	 	5.4	Should Vuela require a spare Engine to support a shop visit not covered by this Agreement or that does not otherwise meet the above conditions, all terms of the STOBL
then in effect between IAE and Vuela, including all applicable rates, charges and fees, shall apply. 

  
 ***** Confidential portions
of the material have been omitted and filed separately with the Securities and Exchange Commission. 
 Page 9 of 37 

 IAE PROPRIETARY INFORMATION 

 

	6.	Transportation 

  

	 	6.1	Following an Eligible Removal, Vuela shall deliver the affected Eligible Engines to the Maintenance Center in a Testable Engine configuration, with all Accessories
attached and in a serviceable condition. 

  

	 	6.2	Vuela shall be responsible for transportation of Eligible Engines to the applicable Maintenance Center, and the return of such Engines from the Maintenance Center,
including risk of loss or damage during such transportation. 

  

	7.	General Fleet Hour Agreement Services 

 IAE shall provide the following additional services: 
  

	 	7.1	A customized MMP for the Eligible Engines will be produced for Vuela by IAE in consultation with Vuela, taking into account the specifics of the operation of the
Aircraft and Eligible Engines. The MMP shall be determined in good faith and on a nondiscriminatory basis by IAE, and approved by Vuela (such approval not to be unreasonably withheld or delayed). The MMP shall establish maintenance requirements
including LLP management, incorporation of applicable Service Bulletins and Aviation Authority Airworthiness Directive requirements and Eligible Engine removal planning. 

 

	 	7.2	Engine monitoring data program services set forth in Exhibit E; 

  

	 	7.3	The following FHA Engine management and maintenance planning services (which shall normally be undertaken by the FHA Manager): 

 

	 	7.3.1	overall FHA program coordination; 

***** 
  

	8.	Excess Work 

  

	 	8.1	If a Maintenance Center charges Vuela or IAE for Excess Work, such charges shall be paid for by Vuela directly to the Maintenance Center or, if the Maintenance Center
has invoiced IAE for such charges, to IAE in accordance with Clause 10.3 of this Agreement. “Excess Work” shall mean any labor, material and other charges for Eligible Engines that arise from the following: 

 

	 	8.1.1	repairs for inflight and/or ground accident damage, except Foreign Object Damage to the extent of IAE’s responsibility under Clause 4.2; 

 

	 	8.1.2	Service Bulletins requested by Vuela which are not required in accordance with the MMP; 

 

	 	8.1.3	Maintenance of any items other than Eligible Engines; 

  
 ***** Confidential portions
of the material have been omitted and filed separately with the Securities and Exchange Commission. 
 Page 10 of 37 

 IAE PROPRIETARY INFORMATION 

 

	 	8.1.4	Line Maintenance requirements, except if performed at a Shop Visit in accordance with the requirements of the MMP; 

 

	 	8.1.5	Incremental shop visits or additional work that was not required to be performed in accordance with the requirements of the MMP and was requested and authorized by
Vuela in order to enable it to meet any lease return conditions; 

  

	 	8.1.6	Misuse, neglect, accident or maintenance error or improper maintenance activity by any party other than IAE or the Maintenance Center; 

 

	 	8.1.7	The removal and replacement of non-IAE approved part(s) or repaired part(s) and damage caused by such part(s); 

 

	 	8.1.8	Occurrences outside the course of Vuela’s normal business activities as a civil commercial airline, such occurrences including, but not limited to, acts of God,
use by government agencies and services, acts of war, rebellion, seizure, terrorism, riots or other belligerent acts; 

  

	 	8.1.9	Exceedance of Engine operating limits published by IAE; 

  

	 	8.1.10	Work required to repair damage resulting from Engine operation in an abrasive or corrosive environment, excluding normal operations (for example ingestion of volcanic
ash, fire extinguishing chemicals, or desiccants, etc.). ***** 

  

	 	8.1.11	Delivery to the Maintenance Center with missing or non-serviceable Parts or Accessories, requiring the use of units provided by the Maintenance Center to permit the
testing of the Eligible Engine following its refurbishment; 

  

	 	8.1.12	Delivery to the Maintenance Center with Parts or Accessories which require re-certification; 

 

	 	8.1.13	The exchanging of QEC Items or EBU Items between installed Engines and Spare Engines or the provisioning of such QEC Items or EBU Items; 

 

	 	8.1.14	Work requested by Vuela which is not covered by the terms of this Agreement; 

 

	 	8.1.15	Charges associated with placing an Eligible Engine into a Testable Engine configuration, unless the Eligible Engine was delivered by Vuela to the Maintenance Center in
a Testable Engine configuration; 

  

	 	8.1.16	Charges for material and handling associated with replacing Life Limited Parts due to time expiry or MMP build requirements; 

  
 ***** Confidential portions
of the material have been omitted and filed separately with the Securities and Exchange Commission. 
 Page 11 of 37 

 IAE PROPRIETARY INFORMATION 

 

	 	8.1.17	Inspection, repair, or replacement of Accessories, QEC Items, EBU Items, or BFE Items, and provisioning, restocking, and availability of such items; or

  

	 	8.1.18	Charges associated with IAE’s provision to Vuela of any accident and disassembly reports and pictures or “dirty fingerprint” records that may be
reasonably requested by Vuela from time to time. 

  

	 	8.2	In addition to the above, at the discretion of IAE, “Excess Work” may mean any labor, material and other charges for Eligible Engines that arise from the
failure of Vuela to undertake any of its obligations as set out in Clause 9 below. IAE shall provide ***** days’ notice that such failure shall result in Excess Work, during which time, Vuela may rectify such failure.

  

	 	8.3	In the event IAE determines that the Workscope for a Shop Visit of an Eligible Engine will consist entirely of Excess Work, then the FHA Manager shall so notify Vuela
and obtain Vuela’s written authorization to proceed prior to the commencement of such work. 

  

	9.	Obligations of Vuela 

 Vuela agrees to fulfill, or to cause the Vuela Affiliates that operate or maintain the Aircraft and Engines to fulfill, the following responsibilities and perform the following tasks and to reasonably
cooperate with IAE in the performance of IAE’s responsibilities hereunder. 
  

	 	9.1	Data and Procedures 

Vuela shall at its own expense maintain Eligible Engine electronic condition monitoring capabilities for each Eligible Engine, and with
respect to information and data required for the performance of this Agreement, Vuela shall: 
  

	 	9.1.1	maintain, collect and provide to IAE performance trend monitoring data on each Eligible Engine in accordance with Exhibit E, maintain timely records in form and
detail sufficient for the accurate and expeditious administration of the terms of this Agreement including the assessment of operating conditions relative to those set out in Clause 10.5 of this Agreement; 

 

	 	9.1.2	make available, and provide access to IAE’s provider of electronic condition monitoring data analysis, all data collected in accordance with 9.1.1 above in an
electronic format agreed to by IAE, as required for the operation and administration of this Agreement; 

  

	 	9.1.3	implement and follow the IAE recommendations resulting from analysis of the performance trend monitoring data; 

 

	 	9.1.4	within ***** Days after the end of each month during the Period of Cover, report to IAE, in an electronic format agreed to by IAE, the hours and cycles flown, take off
derate, and temperature (ISA+X° C) for each flight by each Eligible Engine during the preceding month; 

  
 ***** Confidential portions
of the material have been omitted and filed separately with the Securities and Exchange Commission. 
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	 	9.1.5	ensure that all data that is available to Vuela and requested by IAE to facilitate the correction and/or diagnosis of any problem causing an Eligible Engine Removal is
promptly made available to IAE; 

  

	 	9.1.6	ensure that each Eligible Engine delivered to the Maintenance Center is accompanied by a record of Eligible Engine total time and cycles, date of Eligible Engine
removal, and reason for removal; 

  

	 	9.1.7	upon written request from IAE, confirm the serial numbers of Eligible Engines installed on the Aircraft; and 

 

	 	9.1.8	after Eligible Removals, ship Eligible Engines to the applicable Maintenance Center in a Testable Engine configuration. 

 

	 	9.2	Engine Preparation for Transportation 

 For the purposes of the transportation of Eligible Engines as required under this Agreement, Vuela shall: 
  

	 	9.2.1	unless otherwise mutually agreed in writing, make Eligible Engines available for shipment as soon as practicable following Eligible Removal, but in any event Vuela
shall deliver Eligible Engines to the Maintenance Center prior to the scheduled induction date for each Eligible Engine Shop Visit; 

  

	 	9.2.2	maintain in a serviceable condition one (1) IAE approved transportation stand per spare Engine plus one (1) additional serviceable IAE approved transportation
stand; and 

  

	 	9.2.3	at the time of an Eligible Removal, remove the Eligible Engine from the Aircraft, mount it on an IAE approved transportation stand and prepare such Eligible Engine for
shipment, all in accordance with the procedures specified in the applicable IAE manuals. 

  

	 	9.3	Operation, Maintenance and Troubleshooting of Eligible Engines 

 Vuela shall operate, maintain and troubleshoot the Eligible Engines consistent with standard industry practice in accordance with the applicable Airbus operating, maintenance and troubleshooting manuals,
the then current MMP for Vuela, and IAE’s written recommendations and instructions (including, but not limited to, service information letters, all operator wires and non-modification service bulletins, component maintenance manuals and
Airworthiness Directives), provided that such recommendations and instructions are (i) reasonable with reference to industry standards, and (ii) apply generally to and are applied generally (on a non-discriminatory basis) to V2500-A5
engines and operators operating under similar conditions. Vuela shall incorporate the relevant provisions of the MMP into its then current airworthiness maintenance program. 

  
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	 	9.4	Administration 

 Vuela
shall cooperate with IAE to fulfill any reasonable administrative or other requirements of the Maintenance Center, including endorsement of Workscopes for Aviation Authority and DGAC requirements. Vuela shall accomplish quality audits and obtain
certifications required by the Aviation Authority, the DGAC, and the Maintenance Center for accomplishment of work on the Eligible Engines at the Maintenance Center(s). 

 

	 	9.5	One Time Concessions 

Vuela shall not unreasonably withhold its approval of any IAE proposed utilization of on-wing or off-wing “One Time
Concessions” on Eligible Engines. 
  

	 	9.6	Payment 

 Vuela shall
make payments as required in accordance with Clause 10 of this Agreement. 
  

	 	9.7	Records and Audit 

 Vuela
shall comply with the provisions of Clause 29 of this Agreement. 
  

	10.	FHA Rates and Payment 

  

	 	10.1	FHA Rates 

  

	 	10.1.1	The FHA Rate per Eligible Engine Flight Hour for Restoration Shop Visit Coverage during the Period of Cover for Eligible Engines on A319 and A320 Aircraft shall be as
follows: 

  

							
	 Engine/Derate
	 	 At RSV 1
	 	 At RSV 2
	 	 At RSV 3

	 *****
	 	*****	 	*****	 	*****
				
	 *****
	 	*****	 	*****	 	*****
				
	 *****
	 	*****	 	*****	 	*****
				
	 *****
	 	*****	 	*****	 	*****

 The FHA Rate per Eligible Engine Flight Hour for Restoration Shop Visit Coverage during the Period of
Cover for Eligible Engines on A321 Aircraft shall be as follows: 
  

							
	 Engine/Derate
	 	 At RSV 1
	 	 At RSV 2
	 	 At RSV 3

	 *****
	 	*****	 	*****	 	*****
				
	 *****
	 	*****	 	*****	 	*****

 IAE shall invoice Vuela at induction of the Eligible Engine into the Maintenance Center for a
Restoration Shop Visit, an amount equal to the above applicable FHA Rate (escalated in accordance with Clause 10.2) multiplied by the Eligible Engine Flight Hours flown by such 

  
 ***** Confidential portions
of the material have been omitted and filed separately with the Securities and Exchange Commission. 
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Eligible Engine since new or if the Eligible Engine has had a prior Restoration Shop Visit, since its last Restoration Shop Visit. The above FHA Rates are subject to adjustment in accordance with
the provisions of Exhibit G to the extent applicable. 

  

	 	10.1.2	The FHA Rate for Miscellaneous Shop Visit Coverage shall be ***** per Eligible Engine Flight Hour during the Period of Cover. IAE shall invoice Vuela on a monthly basis
in an amount equal to the FHA Rate for Miscellaneous Shop Visit Coverage (escalated in accordance with Clause 10.2) multiplied by the Eligible Engine Flight Hours flown in the previous month by Eligible Engines within their respective Periods of
Cover; ***** 

  

	 	10.2	All FHA Rates in Clause 10.1 shall be paid in accordance with Clause 10.6.1 below, and are subject to escalation from the base month of January 2004 to the
date of calculation of the applicable FHA Rate invoice in accordance with the formula set forth in Exhibit B. 

  

	 	10.3	Excess Work Rates 

  

	 	10.3.1	Charges for Excess Work shall be invoiced to Vuela by IAE in accordance with the rates identified in Exhibit F. However, where prior to the applicable Shop Visit
Vuela notifies IAE that it has contracted Excess Work rates directly with the applicable Maintenance Center, IAE will consent to the Maintenance Center’s directly invoicing Vuela for such Excess Work charges, provided that such Maintenance
Center agrees not to charge IAE for such Excess Work. 

  

	 	10.3.2	IAE may invoice Vuela its reasonable estimate of the cost of any Excess Work prior to commencement, or during the execution, of such Excess Work. IAE shall invoice
Vuela for the balance of the cost of any Excess Work upon receipt of the corresponding invoice from the Maintenance Center (or either promptly credit Vuela’s account with IAE or, upon the parties’ mutual agreement, refund by electronic
transfer to Vuela, the amount of any excess payment received from Vuela). 

  

	 	10.4	Payment for Additional or Loss of LLP Life 

 Where IAE provides a replacement LLP (the “Replacement LLP”) as a result of damage to an LLP (the “Damaged LLP”) and the Replacement LLP is provided pursuant to the
coverage provided for under the terms of this Agreement, then either (a) Vuela shall pay to IAE the amount by which the value of the Replacement LLP exceeds the value of the Damaged LLP; or (b) IAE shall pay to Vuela the amount by which
the value of the Damaged LLP exceeds the value of the Replacement LLP, in each case as determined in accordance with the following formula: 

***** 

  
 ***** Confidential portions
of the material have been omitted and filed separately with the Securities and Exchange Commission. 
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 IAE PROPRIETARY INFORMATION 

 

 Where: 

 

					
	*****	  	=	  	*****
	*****	  	=	  	*****
	*****	  	=	  	*****
	*****	  	=	  	*****
	*****	  	=	  	*****

 Upon completion of any Shop Visit at which IAE has provided a Replacement LLP, payment of the amount
determined in accordance with the above formula shall be due (i) to IAE from Vuela in the event the calculation above results in a positive amount or (ii) to Vuela from IAE in the event the calculation above results in a negative amount.
Vuela shall pay all invoices submitted by IAE pursuant to this Clause 10.4 in accordance with Clause 10.6.1. IAE will credit Vuela’ account with IAE with any amount due to Vuela from IAE under this Clause 10.4. Such credits may be used by Vuela
toward the payment of FHA invoices from IAE, or for other goods and services provided by IAE. 
  

	 	10.5	General Conditions 

 The
FHA Rates are predicated upon Vuela: 
  

	 	10.5.1	maintaining within its fleet of Aircraft an annual average flight cycle length of ***** hours per cycle (calculated from the moment the wheels of an Aircraft, on which
any Eligible Engine is installed, leave the ground on take-off to the moment when the wheels of such Aircraft touch the ground on landing); 

  

	 	10.5.2	maintaining an average engine thrust derate of ***** relative to the V2527M-A5 thrust rating, ***** relative to the V2524-A5 thrust rating, or ***** relative to the
V2522-A5 thrust rating, as applicable; 

  

	 	10.5.3	maintaining an average ambient temperature for take-off no greater than ISA + ***** 

 

	 	10.5.4	taking delivery of all of the Aircraft and Spare Engines in accordance with the schedule set forth in Exhibit B of the Support Contract, as such delivery schedule
may be amended from time to time in accordance with the Support Contract. 

 IAE may make adjustments to the FHA
Rates in accordance with Exhibit G if there is a change in any of the operational parameters set forth in Clauses 10.5.1 through 10.5.3. 

  
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	 	10.6	Payment 

  

	 	10.6.1	Except as otherwise provided for herein, Vuela shall pay invoices submitted by IAE within ***** Days after submission. 

 

	 	10.6.2	Vuela undertakes that IAE shall receive the full amount of payments falling due under this Clause 10, without any withholding or deduction whatsoever.

  

	 	10.6.3	All payments under this Clause 10 shall be made by electronic transfer and shall be deposited not later than the due date of payment with: 

Bank of America 
 1185 Avenue of Americas 
 New York, NY 10038-4924 

***** 
 or to
such other account as IAE may from time to time designate in writing, which designation shall be effective upon receipt by Vuela of such notice. 
  

	 	10.6.4	Should Vuela fail to make any payment to IAE required as set forth in this Clause 10, then, notwithstanding any rights which IAE may have in contract or in law, IAE
reserves the right to assess interest on such late payment at the rate of ***** of the outstanding amount per month from the date the payment was due to be made until the date such payment is received by IAE. 

 

	 	10.7	Taxes and Other Like Charges 

 In addition to amounts stated to be payable by Vuela pursuant to this Agreement, Vuela shall pay: 
  

	 	10.7.1	any and all Taxes (excluding (i) any income, gains, or excess profit, franchise and similar Taxes imposed, levied, or assessed on, or otherwise payable by, IAE or
the Maintenance Center; and (ii) any Taxes which would not have been imposed but for IAE’s failure to comply with applicable regulations or filing requirements (collectively, the “Excluded Taxes”) arising from IAE’s
and the Maintenance Center’s performance under this Agreement; and 

  

	 	10.7.2	Taxes other than Excluded Taxes payable by IAE in connection with or pursuant to contracts for goods, work and/or services with Maintenance Center for or in connection
with Eligible Engines. 

 If either IAE or Vuela becomes aware of any Taxes for which the other Party is
responsible, the relevant party will promptly notify the other party, and both parties agree to consult in good faith and take such other reasonable steps in order to mitigate payment and/or the amount of such Taxes. 

  
 ***** Confidential portions
of the material have been omitted and filed separately with the Securities and Exchange Commission. 
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 All amounts stated to be payable by Vuela pursuant to this Agreement exclude any value
added tax, sales tax or taxes on turnover. In the event that the supply of goods or services under this Agreement is chargeable to any value added tax, sales tax or taxes on turnover such tax will be borne by Vuela, subject to the receipt of any
appropriate documentation that may be required to enable or assist Vuela to claim or verify any tax credit, exemption, set off, rebate or refund in respect of such Taxes paid or payable in connection with this Agreement. IAE shall give due
consideration to whether any Parts provided by IAE to Vuela are exempt from Taxes under any applicable law. 
  

	11.	Escalation Protection 

 Except as otherwise noted to the contrary, for the period beginning January 1, 2006 and ending January 1, 2012 (the “Cap Period”), IAE agrees to cap escalation of all credits,
FHA Rates, and other items escalated in accordance with the formula in Exhibit B (“Base Amounts”) at a cumulative rate of *****, compounding annually, provided that for any year in which escalation exceeds ***** over the
previous year, such escalation exceedance above 6.5% shall be shared ***** by IAE and ***** by Vuela, as follows: 
 *****

  

	12.	Warranties 

  

	 	12.1	If IAE fails to comply with its obligations set out in this Agreement, IAE shall, as its sole responsibility for such failure, undertake, at its sole cost and expense,
all work necessary to achieve such obligations. 

  

	 	12.2	IAE shall warrant Excess Work to Vuela as follows: IAE will repair any Eligible Engines in which any defect in the Excess Work performed by the Maintenance Center or in
any Parts incorporated by the Maintenance Center becomes evident, in each case within three thousand (3,000) flight hours or within eighteen (18) months after installation on an Aircraft or, if not installed on an Aircraft, within
twenty-four (24) months after delivery of the Eligible Engine from the applicable Shop Visit, whichever occurs first. Transportation charges for the return of defectively serviced goods to IAE or the Maintenance Center, and their reshipment to
Vuela and risk of loss thereof shall be borne by IAE only if such goods are returned in accordance with reasonable written shipping instructions from IAE. 

  

	 	12.3	IAE warrants to Vuela that that title to Parts or components thereof installed on an Eligible Engine by a Maintenance Center shall pass to the owner of such Eligible
Engine free and clear of all security interests and rights of IAE, the Maintenance Center, or others upon installation. IAE’s liability and Vuela’s remedy under this warranty are limited to the removal of any title defect or, at the
election of IAE, to the replacement of the new Parts or components thereof which are defective in title; provided, however, that the rights and remedies of the Parties with respect to patent infringement shall be limited to the provisions of Clause
15 of this Agreement. 

  

	 	12.4	 Vuela warrants that title to Parts or components thereof removed from an Eligible Engine by a Maintenance Center shall pass to IAE free and clear of
all security 

  
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interests and rights of Vuela or others at the time that title to the replacement Part passes to Vuela. Vuela’s liability and IAE’s remedy under this warranty are limited to the
removal of any title defect or, at the election of Vuela, to the replacement of the Parts or components thereof which are defective in title. 

  

	 	12.5	THE FOREGOING WARRANTIES TOGETHER WITH THE EXPRESS REMEDIES PROVIDED TO VUELA IN ACCORDANCE WITH THIS AGREEMENT ARE EXCLUSIVE AND ARE GIVEN AND ACCEPTED IN LIEU OF
(I) ANY AND ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE; AND (II) ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY IN CONTRACT,
TORT OR STRICT LIABILITY AGAINST IAE OR ITS SHAREHOLDERS, WHETHER OR NOT ARISING FROM THE NEGLIGENCE, ACTUAL OR IMPUTED, OF IAE OR ITS SHAREHOLDERS. THE REMEDIES OF VUELA SHALL BE LIMITED TO THOSE PROVIDED HEREIN TO THE EXCLUSION OF ANY AND ALL
OTHER REMEDIES INCLUDING, WITHOUT LIMITATION, INCIDENTAL OR CONSEQUENTIAL DAMAGES. NO AGREEMENT VARYING OR EXTENDING THE FOREGOING WARRANTIES, REMEDIES OR THIS LIMITATION SHALL BE BINDING UPON IAE UNLESS IN WRITING, SIGNED BY A DULY AUTHORIZED
OFFICER OF IAE. 

  

	13.	Delays 

  

	 	13.1	Excusable Delays 

 IAE
shall not be charged with any liability for delay in the performance of any of its obligations when such delay is caused by acts of God or the public enemy, compliance in good faith with any applicable foreign or domestic governmental regulation or
order whether or not it proves to be invalid, fires, riots, labor disputes, unusually severe weather, delays of suppliers as a result of any of the aforementioned reasons, or any cause beyond the reasonable control of IAE. To the extent that such
causes actually delay performance on the part of IAE, the time for the performance shall be extended for as many days as are required to obtain removal of such causes. This provision shall not, however, relieve IAE from using commercially
reasonable efforts to avoid or remove such causes, perform obligations not prevented by such causes, or continue performance with reasonable dispatch whenever such causes are removed. 

 

	 	13.2	Non-Excusable Delay 

 If
IAE delays the delivery of an Eligible Engine from a Shop Visit beyond the time for delivery specified in the Workscope (as such time may be extended pursuant to the provisions of this Agreement) for any reason other than those specified in Clause
13.1 above, IAE’s obligations shall be as set forth in Clause 5. 
  

	14.	Duplicate Benefits 

Vuela and IAE agree that it is not the intention to provide duplicate benefits under the terms of this Agreement and the Support Contract
or under any other arrangement between IAE or IAE’s suppliers or Airbus and Vuela. In the event of any such 

  
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duplication of benefits, Vuela may, at the relevant time in respect of the relevant circumstances, opt to receive any one such benefit to the exclusion of all other duplicate benefits.

  

	15.	Intellectual Property 

  

	 	15.1	IAE shall conduct, at its own expense, the entire defense of any claim, suit or action brought against Vuela alleging that the use or resale by Vuela or any subsequent
purchaser or user of the Parts furnished by IAE or a Maintenance Center hereunder infringes any United States patent or any patent of any other country that is a signatory to Article 27 of the Convention of International Aviation signed by the
United States at Chicago on December 7, 1944, in which Vuela is authorized to operate. 

  

	 	15.2	Vuela shall provide prompt written notice to IAE of such claim, suit or action and shall provide IAE with full opportunity and authority to assume the sole defense
thereof, including settlement and appeals, and all information available to Vuela or subsequent purchaser or user for such defense. 

  

	 	15.3	Provided that such Parts have been made according to a specification or design furnished by IAE or, if a process patent is involved, the process performed with such
Parts if recommended in writing by IAE, IAE shall, at its own expense, either settle said claim, suit or action or shall pay all damages awarded by the court thereon, and, if the use or resale of such Parts is finally enjoined, IAE shall, at
IAE’s option: 

  

	 	15.3.1	procure for Vuela the right to use or resell the Parts, 

  

	 	15.3.2	replace them with equivalent non-infringing Parts, 

  

	 	15.3.3	modify them so they become non-infringing but equivalent, or 

  

	 	15.3.4	remove them and refund the purchase price (less a reasonable allowance for use, damage and obsolescence). 

 

	 	15.3.5	IAE shall not be liable to Vuela for any consequential damage or any loss of use of any Parts or of the Aircraft in which the Parts may be incorporated arising as a
result directly or indirectly of any claim subject to this Clause 15.3. 

  

	 	15.4	The indemnity contained in Clause 15.3 shall not apply to any claim, suit or action based on infringement in respect of: 

 

	 	i)	Parts manufactured to a design or specification furnished by Vuela; or 

  

	 	ii)	Parts not of IAE design (but IAE shall in the event of any claim for infringement pass on to Vuela, so far as it has the right to do so, the benefits of any indemnity
given to IAE by the designer, manufacturer or supplier of such Parts); or 

  
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	 	iii)	the manner of method in which any of the Parts have been installed in the Aircraft; or 

 

	 	iv)	the performance of a process not recommended in writing by IAE, or 

  

	 	v)	the use or sale of the Parts delivered hereunder in combination with other new parts not delivered to Vuela by IAE. 

 

	16.	Amendment 

 This
Agreement shall not be amended, changed, or modified in any way other than by agreement in writing, signed by the Parties hereto after the date of this Agreement, which is expressly stated to amend this Agreement. 

 

	17.	Assignment 

Neither Party may assign any of its rights or obligations hereunder without the written consent of the other Party, except that IAE may
assign its rights to receive money hereunder, and may assign any or all of its rights and/or obligations hereunder to any of IAE’s shareholders. Any assignment made in violation of this Clause 17 shall be null and void. IAE shall support Vuela
in its pursuit to secure a workmanship warranty from the Maintenance Center for the Eligible Engines at the end of the Period of Cover. 
  

	18.	Exhibits 

 In the
event of any conflict or discrepancy between the Exhibits (which are hereby incorporated by reference as part of this Agreement) and the Clauses of this Agreement, the Clauses of this Agreement shall prevail. 

 

	19.	Headings 

Captions, clause headings, and the Table of Contents are for convenience of reference only and shall not be deemed or construed in
any way as forming a part of this Agreement, nor shall they govern or affect the interpretation of the language or provisions of this Agreement. 
  

	20.	Notices 

 Any
notice to be served pursuant to this Agreement shall be sent by registered mail, by internationally recognized overnight courier, or by facsimile (with the original notice sent by registered mail or internationally recognized overnight courier) to
the applicable addresses indicated in 0. 
  

	21.	Exclusion of Other Provisions and Previous Understandings 

  

	 	21.1	This Agreement is the sole and entire agreement of the Parties with respect to the subject matter hereof and shall apply to the exclusion of any other provisions on or
attached to or otherwise forming part of any order form of Vuela, or any acknowledgment or acceptance by IAE, or of any other document which may be issued by either Party relating to such services. 

  
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	 	21.2	The Parties agree that neither of them have placed any reliance whatsoever on any representations, agreements, statements or understandings made prior to the signature
of this Agreement, whether orally or in writing, relating to such services, other than those expressly incorporated in this Agreement, which has been negotiated on the basis that its provisions represent their entire agreement relating to such
services and shall supersede all such representations, agreements, statements and understandings. 

  

	22.	Termination, Expiration and Events of Default 

  

	 	22.1	Bankruptcy/Insolvency  

Either Party shall have the option, at its sole discretion, to terminate this Agreement upon the occurrence of any of the following
events: (a) a receiver or trustee is appointed for any of the other Party’s property, or (b) the other Party is adjudicated or voluntarily becomes bankrupt under any bankruptcy or winding up laws or other similar legislation, or
(c) the other Party becomes insolvent or makes an assignment for the benefit of creditors. 
  

	 	22.2	Failure to Make Payments or to Meet Obligations 

 A non-defaulting Party shall have the right to declare an event of default and terminate this Agreement (i) if the other Party fails to pay any amount hereunder not reasonably subject to dispute when
and as the same becomes due and payable and such default continues for a period of ***** or more; or (ii) if the other Party fails to perform any other material obligation under this Agreement and such default or failure shall not have been
fully corrected within thirty (30) days after the non-defaulting Party gives notice thereof to the defaulting Party. 
 If
Vuela fails to make any payment to IAE as set forth in Clause 10 of this Agreement (including any late interest due thereon) not reasonably subject to dispute and such default continues for a period of *****, then, without prejudice to IAE’s
other rights which IAE may have in contract or in law, IAE reserves the right not to induct, to suspend all work on, or not to release from the Maintenance Center(s) any Eligible Engine, Accessory, EBU Item or QEC Item until full payment is made by
Vuela to IAE. 
 The obligation of IAE to provide, or cause to be provided, the services set out in this Agreement shall be
subject to the non-existence of a continuing event of default by Vuela, after the expiration of any applicable grace or cure period, in any payment or other obligation of Vuela under any other agreement in effect between the Parties (an
“Event of Default”). Should any such Event of Default exist, IAE reserves the right not to induct, to stop all work on, or not to release from the Maintenance Center any Eligible Engine until such Event of Default is rectified by
Vuela to IAE’s satisfaction. 
 ***** 

  
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	 	22.4	Expiration 

 This
Agreement shall be effective from the day and year first above written until the end of the Period of Cover for each Eligible Engine. 
  

	 	22.5	Effect of Termination or Expiration 

 Except as otherwise set out in this Clause 22.5 and any rights or obligations arising under applicable law, the rights and obligations of the Parties under this Agreement shall terminate upon the
termination or expiration of this Agreement, and Vuela shall no longer be provided with FHA coverage under the terms of this Agreement. 
 Upon any termination or expiration of this Agreement, all liabilities and obligations (including payment obligations) that have accrued prior to such termination or expiration (including payment for
Excess Work) shall survive. 
 This Clause 22.5 and Clauses 25 and 26 of this Agreement shall survive any expiration or
termination of this Agreement. 
  

	23.	Negation of Waiver 

Failure by either Party to enforce any term of this Agreement shall not constitute a waiver of such term. 

 

	24.	Severability And Partial Invalidity 

 If any provision of this Agreement or the application thereof to either Party shall be invalid, illegal or unenforceable to any extent, the remainder of the Agreement and the application thereof shall not
be affected and shall be enforceable to the fullest extent permitted by law. 
  

	25.	Governing Law 

This Agreement shall be construed and the performance thereof determined in accordance with the laws of the State of New York, United
States of America2, without regard to its conflict of laws provisions. The Parties agree to exclude the application of the United Nations Convention on Contracts for the International Sale of Goods. 

The Parties irrevocably submit to the exclusive jurisdiction of the state and federal courts sitting in New York County, New York, United
States of America, in connection with any suit, action or proceeding arising out of or relating to this Agreement and irrevocably waive to the fullest extent permitted by law, any objection to the laying of venue of any such suit, action or
proceeding in any such court or any claim that any suit, action or proceeding has been brought in an inconvenient forum. Further, the Parties hereto agree to waive any rights either of them may have to a jury trial in connection with any such suit,
action or proceeding. 

  
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	26.	Limitation of Liability 

  

	 	26.1	The liability of IAE to Vuela arising out of, connected with, or resulting from the furnishing of Parts and services under this Agreement, whether in contract, tort
(including, negligence, but excluding gross negligence, reckless misconduct, and intentionally wrongful conduct) or otherwise, shall be as expressly set forth in this Agreement, and shall not in any event exceed per claim the fair market value of
the Engine giving rise to Vuela’s claim. The foregoing shall constitute the sole remedy of Vuela and the sole liability of IAE. In no event shall IAE be liable for special, incidental or consequential damages, including, damage to, or loss of
use, revenue or profit with respect to any aircraft, engine, or part thereof. 

  

	 	26.2	For the purpose of this Clause 26, “IAE” shall be deemed to include IAE; Pratt and Whitney of East Hartford, Connecticut, USA; Rolls-Royce plc of London,
United Kingdom; JAEC, Japanese Aero Engine Corporation, of Tokyo, Japan; and MTU Aero Engines, Motoren und Turbinen Union Munchen, of Munich, Germany and the respective directors, officers, employees and agents of each. 

 

	27.	Publicity 

 Vuela
shall not use the name of IAE or the V2500 engine in any publicity material without the prior written consent of IAE. 
  

	28.	Confidentiality 

Each of IAE and Vuela acknowledge and understand that certain commercial and financial information contained in or provided in connection
with this Agreement is considered by the other to be confidential. IAE and Vuela each hereby agree, for the benefit of the other, that it shall treat the contents of this Agreement as confidential and shall not, without the prior written consent of
the other, disclose or cause to be disclosed the terms hereof to any person except to its legal and financial advisors and auditors, or expect as may be required by applicable law or governmental regulation, including federal and state securities
laws, or pursuant to an order issued by any court or governmental authority having jurisdiction over Vuela or IAE as the case may be. 
  

	29.	Records and Audit 

The Parties shall maintain adequate records as required to meet their obligations and compliance with the applicable provisions of this
FHA. 
 A Party shall not unreasonably condition or deny the other Party access to such adequate and applicable records for the
administration of this Agreement. Vuela or its nominee may visit the premises of IAE or the Maintenance Center at a time mutually agreeable to the Parties and upon reasonable notice to IAE, for the purpose of quality assurance and to inspect the
materials, parts, equipment and tools being used, the work being performed, and to review the quality assurance system in use by IAE and the Maintenance Center. 
 If IAE or its nominee requires access to the premises of Vuela under this FHA it shall provide reasonable written notice to Vuela and such visit or inspection will be at a time mutually agreeable to the
Parties. 

  
 Page 24 of 37

 IAE PROPRIETARY INFORMATION 
  
 Each Party will comply and ensure that its personnel comply with the other Party’s conduct policies,
rules, regulations and directions governing the conduct of visitors upon their premises. 
 IN WITNESS WHEREOF the Parties hereto have caused
this Agreement to be signed on their behalf by the hands of their authorized officers as of the day and year first above written: 
  

					
	IAE International Aero Engines AG	  		  	Controladora Vuela Compañía de Aviación, S.A. de C.V.
			
	 /s/ Robert G. J. Stire
 Name
	  		  	 /s/ Andres Fabre
 Name

			
	 Robert G. J. Stire
 Printed
Name
	  		  	 Andres Fabre
 Printed
Name

			
	 Commercial Director

Title
	  		  	 Technology Director

Title

  
 Page 25 of 37

 IAE PROPRIETARY INFORMATION 
  
 Exhibit A 
 Eligible Engine List 
  

									
	 No.
	 	 Thrust

Rating
	 	 Serial

Number
	 	 Delivery

Date
	 	 Period of

Cover

	 1
	 	V2527-A5	 	V12285	 	Mar-06	 	TBD
	 2
	 	V2524-A5	 	V12274	 	May-06	 	TBD
	 3
	 	V2524-A5	 	V12278	 	May-06	 	TBD
	 4
	 	V2524-A5	 	V12286	 	May-06	 	TBD
	 5
	 	V2524-A5	 	V12288	 	May-06	 	TBD
	 6
	 	V2527M-A5	 	V12487	 	Jan-07	 	TBD
	 7
	 	V2527M-A5	 	V12472	 	Jan-07	 	TBD
	 8
	 	V2527M-A5	 	V12545	 	Mar-07	 	TBD
	 9
	 	V2527M-A5	 	V12532	 	Mar-07	 	TBD
	 10
	 	V2527M-A5	 	V12559	 	Mar-07	 	TBD
	 11
	 	V2527M-A5	 	V12557	 	Mar-07	 	TBD
	 12
	 	V2527M-A5	 	V12561	 	Mar-07	 	TBD
	 13
	 	V2527M-A5	 	V12563	 	Mar-07	 	TBD
	 14
	 	V2527-A5	 	TBD	 	Nov-07	 	TBD
	 15
	 	V2527-A5	 	TBD	 	Nov-07	 	TBD
	 16
	 	V2527-A5	 	TBD	 	Jan-08	 	TBD
	 17
	 	V2527-A5	 	TBD	 	Jun-08	 	TBD
	 18
	 	V2527-A5	 	TBD	 	Jun-08	 	TBD
	 19
	 	V2527-A5	 	TBD	 	Jul-08	 	TBD
	 20
	 	V2527-A5	 	TBD	 	Jul-08	 	TBD
	 21
	 	V2527-A5	 	TBD	 	Oct-08	 	TBD
	 22
	 	V2527-A5	 	TBD	 	Oct-08	 	TBD
	 23
	 	V2527-A5	 	TBD	 	Jan-09	 	TBD
	 24
	 	V2527-A5	 	TBD	 	Jan-09	 	TBD
	 25
	 	V2527-A5	 	TBD	 	Mar-09	 	TBD
	 26
	 	V2527-A5	 	TBD	 	Mar-09	 	TBD
	 27
	 	V2527-A5	 	TBD	 	Jun-09	 	TBD
	 28
	 	V2527-A5	 	TBD	 	Jun-09	 	TBD
	 29
	 	V2527-A5	 	TBD	 	Jun-09	 	TBD
	 30
	 	V2527-A5	 	TBD	 	Sep-09	 	TBD
	 31
	 	V2527-A5	 	TBD	 	Sep-09	 	TBD
	 32
	 	V2527-A5	 	TBD	 	Nov-09	 	TBD
	 33
	 	V2527-A5	 	TBD	 	Nov-09	 	TBD
	 34
	 	V2527-A5	 	TBD	 	Mar-10	 	TBD
	 35
	 	V2527-A5	 	TBD	 	Mar-10	 	TBD

  
 Page 26 of 37

 IAE PROPRIETARY INFORMATION 

 

 Exhibit B 

IAE FHA Escalation Formula 
  

	1.	FHA Rates will be subject to escalation in accordance with the formula set forth below: 

***** 
 Where:

 ***** 

Base Month shall mean the base month specified for the FHA Rates in the Proposal. 

***** 
 For
avoidance of doubt, the quarterly values of CIU2023211000000I will apply to each month of a given quarter. 
  

	2.	The values of the factors *****, and ***** respectively, shall be determined to the nearest fourth decimal place. If the fifth decimal is five or more, the fourth
decimal place shall be raised to the next higher number. 

  

	3.	If the U.S. Department of Labor ceases to publish the above statistics or modifies the basis of their calculation, then IAE, in its sole discretion, shall select a
substitute for such values from data published by the Bureau of Labor Statistics or otherwise make revisions to the escalation formula such that the escalation will as closely as possible approximate the result that would have been attained by
continuing the use of the original escalation formula and values as they may have fluctuated during the applicable time period. 

  

	4.	If the application of the formula contained in this Exhibit results in an FHAR for the month which is lower than FHARb, FHAR for the month will be set equal to
FHARb. 

  
 ***** Confidential portions
of the material have been omitted and filed separately with the Securities and Exchange Commission. 
 Page 27 of 37 

 IAE PROPRIETARY INFORMATION 
  
 Exhibit C 
 Accessories 
  

															
	 TYP PART NUMBER
	  	 PART NAME
	  	ATA
CHAPTER	 	  	FIG	 	  	ITEM	 
	 16844-000
	  	COOLER, IDG OIL	  	 	242142	  	  	 	1	  	  	 	100	  
	 7702-03
	  	DETECTOR, ASSY FIRE ACCESSORY	  	 	261215	  	  	 	1	  	  	 	100	  
	 7827-02
	  	DETECTOR, ASSY FIRE	  	 	261217	  	  	 	1	  	  	 	100	  
	 AC69576
	  	VALVE, SOLENOID STAGE 10 BLE	  	 	361157	  	  	 	1	  	  	 	100	  
	 005RL05
	  	BOX, RELAY	  	 	715149	  	  	 	1	  	  	 	100	  
	 5009913G
	  	PUMP, FUEL LP/HP	  	 	731241	  	  	 	1	  	  	 	100	  
	 17300G09
	  	VALVE, FUEL DIVERTER & RETUR	  	 	731342	  	  	 	1	  	  	 	100	  
	 2A0526
	  	VALVE, FUEL FLOW DIVIDER	  	 	731343	  	  	 	1	  	  	 	20	  
	 2A3343
	  	PROBE, TOTAL PRESS&TEMP	  	 	732211	  	  	 	1	  	  	 	10	  
	 2A1126
	  	PROBE, TEMP&PRESS DIFSR CASE	  	 	732215	  	  	 	1	  	  	 	30	  
	 2A3504
	  	CONTROL, ELECTRONIC ENGINE	  	 	732234	  	  	 	1	  	  	 	280	  
	 430153
	  	GENERATOR, STATOR ALTERNATOR	  	 	732238	  	  	 	1	  	  	 	100	  
	 FMU550MK1
	  	METER, FUEL	  	 	732252	  	  	 	1	  	  	 	100	  
	 9-217-59
	  	TRANSMITTER, FUEL FLOW	  	 	733117	  	  	 	1	  	  	 	100	  
	 21SN04-300B
	  	SWITCH, FUEL FILT DIFF PRESS	  	 	733415	  	  	 	1	  	  	 	10	  
	 22912-000
	  	THERMOCOUPLE, FUEL TEMP	  	 	733515	  	  	 	1	  	  	 	100	  
	 5U0012
	  	EXCITER, IGNITION	  	 	741138	  	  	 	1	  	  	 	120	  
	 5U0012
	  	EXCITER, IGNITION	  	 	741138	  	  	 	1	  	  	 	520	  
	 5U0072
	  	LEAD, IGNITION	  	 	742143	  	  	 	1	  	  	 	100	  
	 D1876-1000A
	  	COOLER, AIR NO.4 BRG COMP	  	 	752241	  	  	 	1	  	  	 	100	  
	 5860010-108
	  	VALVE, AIR STG 10 TO HPT	  	 	752351	  	  	 	1	  	  	 	100	  
	 5860016-131
	  	VALVE, AIR HPT/LPT ACC	  	 	752451	  	  	 	1	  	  	 	100	  
	 5860017-139
	  	ACTUATOR,VALVE HPT/LPT ACC	  	 	752452	  	  	 	1	  	  	 	100	  
	 1777MK2
	  	ACTUATOR, MASTER LPC BLEED	  	 	753142	  	  	 	1	  	  	 	100	  
	 1778MK1
	  	ACTUATOR, SLAVE-LPC BLEED	  	 	753143	  	  	 	1	  	  	 	100	  
	 2607MK2
	  	ACTUATOR VARIABLE STATOR	  	 	753241	  	  	 	1	  	  	 	100	  
	 AC69572
	  	VALVE, SOLENOID STG 7 HPC	  	 	753251	  	  	 	1	  	  	 	100	  
	 AC69572
	  	VALVE, SOLENOID STG 7 HPC	  	 	753251	  	  	 	1	  	  	 	100	  
	 AC69572
	  	VALVE, SOLENOID STG 7 HPC	  	 	753251	  	  	 	1	  	  	 	100	  
	 AC69924
	  	VALVE, BLEED ST7 HP COMPRESS	  	 	753252	  	  	 	1	  	  	 	100	  
	 AC69924
	  	VALVE, BLEED ST7 HP COMPRESS	  	 	753252	  	  	 	1	  	  	 	100	  
	 AC69924
	  	VALVE, BLEED ST7 HP COMPRESS	  	 	753252	  	  	 	1	  	  	 	100	  
	 AC69574
	  	VALVE, SOLENOID STG 10 HPC	  	 	753253	  	  	 	1	  	  	 	400	  
	 5950041-108
	  	VALVE, BLEED ST 10 HP COMP	  	 	753254	  	  	 	1	  	  	 	400	  
	 RP 162-02
	  	SENSOR, NACELLE TEMPERATURE	  	 	754115	  	  	 	1	  	  	 	100	  
	 2A2159
	  	THERMOCOUPLE OPTION	  	 	772115	  	  	 	20	  	  	 	100	  
	 144-171-000-031
	  	*TRANSDUCER, VIBRATION	  	 	773215	  	  	 	1	  	  	 	100	  
	 4A7110
	  	PUMP & FILTER A/O PRESS.	  	 	792141	  	  	 	1	  	  	 	1	  
	 4A7111
	  	PUMP & FILTER A/O PRESS.	  	 	792142	  	  	 	2	  	  	 	2	  
	 4A7112
	  	PUMP & FILTER A/O PRESS.	  	 	792143	  	  	 	3	  	  	 	3	  
	 4A7113
	  	PUMP & FILTER A/O PRESS.	  	 	792144	  	  	 	4	  	  	 	4	  
	 4A7114
	  	PUMP & FILTER A/O PRESS.	  	 	792145	  	  	 	5	  	  	 	5	  
	 4A7115
	  	PUMP & FILTER A/O PRESS.	  	 	792146	  	  	 	6	  	  	 	6	  
	 4A7116
	  	PUMP & FILTER A/O PRESS.	  	 	792147	  	  	 	7	  	  	 	7	  
	 4A7117
	  	PUMP & FILTER A/O PRESS.	  	 	792148	  	  	 	8	  	  	 	8	  

  
 Page 28 of 37

 IAE PROPRIETARY INFORMATION 
  

															
	 TYP PART NUMBER
	  	 PART NAME
	  	ATA
CHAPTER	 	  	FIG	 	  	ITEM	 
	 4A7118
	  	PUMP & FILTER A/O PRESS.	  	 	792149	  	  	 	9	  	  	 	9	  
	 4A7119
	  	PUMP & FILTER A/O PRESS.	  	 	792150	  	  	 	10	  	  	 	10	  
	 4A7120
	  	PUMP & FILTER A/O PRESS.	  	 	792151	  	  	 	11	  	  	 	11	  
	 4A7121
	  	PUMP & FILTER A/O PRESS.	  	 	792152	  	  	 	12	  	  	 	12	  
	 4A7122
	  	PUMP & FILTER A/O PRESS.	  	 	792153	  	  	 	13	  	  	 	13	  
	 4A7123
	  	PUMP & FILTER A/O PRESS.	  	 	792154	  	  	 	14	  	  	 	14	  
	 4A7124
	  	PUMP & FILTER A/O PRESS.	  	 	792155	  	  	 	15	  	  	 	15	  
	 4A7125
	  	PUMP & FILTER A/O PRESS.	  	 	792156	  	  	 	16	  	  	 	16	  

  
 Page 29 of 37

 IAE PROPRIETARY INFORMATION 

 

 Exhibit D 

Powerplant – Description 
 ***** 

  
 ***** Confidential portions
of the material have been omitted and filed separately with the Securities and Exchange Commission. 
 Page 30 of 37 

 IAE PROPRIETARY INFORMATION 
  
 Exhibit E 
 Addresses 
  

	1.	Vuela ADDRESSES 

  

	 	(a)	Address for Notices: 

 Av.
Prolongacion Reforma # 490, 
 Primer Piso, 
 Colonia Lomas Santa Fe, 
 Delegacion Alvaro Obregon 

Mexico, 

Distrito Federal 
 C.P 01210 
 Facsimile No. 52 55 5261 6460 

Attention: Chief Financial Officer 
  

	 	(b)	Address for Invoices: 

 Av.
Prolongacion Reforma # 490, 
 Primer Piso, 
 Colonia Lomas Santa Fe, 
 Delegacion Alvaro Obregon 

Mexico, 

Distrito Federal 
 C.P 01210 
 Facsimile No. 52 55 5261 6460 

Attention: Financial Controller 
  

	2.	IAE ADDRESSES 

  

	 	(a)	Address for Notices: 

Attention: Chief Legal Officer & Company Secretary 
 IAE International Aero Engines AG 
 400 Main Street 

Mail Stop 121-10 
 East Hartford, CT 06108 
 Fax: (860) 565-5220 

 

	 	(b)	Address for Invoices: 

Attention: Accounts Receivable Manager 
 IAE International Aero Engines AG 
 400 Main Street 

Mail Stop 121-10 
 East Hartford, CT 06108 
 Fax: (860) 565-9332 

  
 Page 31 of 37

 IAE PROPRIETARY INFORMATION 
  
  

	 	(c)	Address for all Other FHA Matters: 

 Attention: Customer Fleet Director 
 IAE International Aero Engines AG 

400 Main Street 

Mail Stop 121-10 
 East Hartford, CT 06108 
 Fax: (860) 565-xxxx 

  
 Page 32 of 37

 IAE PROPRIETARY INFORMATION 

 

 Exhibit F 

IAE Engine Monitoring Services 
  

	1.	IAE will provide the following Engine monitoring services (“Services”) through the ***** system: 

 

	 	(a)	Engine Trend Monitoring 

  

	 	(i)	Provide processing of in-flight Engine data received from Vuela into IAE’s EHM database as provided per the data input and transmission requirements set forth in
Section 3 herein. All processed data will be provided to Vuela via IAE’s web portal. Daily updates require web portal access described in Section 1(b) herein. 

 

	 	(ii)	Provide automated mechanical exceedance reporting for those Aircraft that are equipped with required on-board hardware and software. 

 

	 	(iii)	Provide technical analysis of Eligible Engines’ performance data and report anomalies indicated by such data to designated Vuela personnel as required.

  

	 	(iv)	Provide access to monthly Eligible Engine operating trend analysis report covering post Period of Cover operations to assist Vuela in the planning and scheduling of
Eligible Engines for shop visits. 

  

	 	(v)	Provide automated alert notification of parameters that have exceeded level and rate change limits. 

 

	 	(vi)	Provide access to alert details reports that identify Aircraft and Eligible Engines by serial number and provide the date, time, magnitude and details of occurrences
when such Eligible Engine exceeds specific performance parameters and provide the ability to store comments associated with a given alert. 

  

	 	(vii)	Provide exhaust gas temperature (subject to data availability) Watch-Lists, updated monthly utilizing data received from Vuela to assist Vuela in scheduling Eligible
Engine removals for maintenance purposes. The Watch-Lists provide an engine ranking and predicted removal date for a given Eligible Engine based on the measured parameter and deterioration rate to assist with proactive on-wing management and
maintenance planning. 

  

	 	(viii)	Provide access to the following engine performance parameter trend plots that are updated real-time as new in-flight Engine data is received from Vuela:

  

	 	•	 	 EGT Margin 

  

	 	•	 	 Sea Level Outside Air Temperature Limits 

  

	 	•	 	 N1 and N2 Shaft Speeds 

  

	 	•	 	 Fuel Flow 

  

	 	•	 	 Vibration 

  
 ***** Confidential portions
of the material have been omitted and filed separately with the Securities and Exchange Commission. 
 Page 33 of 37 

 IAE PROPRIETARY INFORMATION 
  
  

	 	•	 	 Oil Temperature 

  

	 	•	 	 Oil Pressure 

  

	 	•	 	 P2.5, T2.5, P3.0, T3.0, P12.5 

  

	 	(ix)	Upon special request, raw in-flight Engine data can be supplied to Vuela. 

  

	 	(x)	Input data files and individually processed records will be stored for a minimum period of five (5) years. 

 

	 	(b)	WEB PORTAL ACCESS 

  

	 	(i)	Provide twenty-four (24) hour per day access to reports and processed information, provided to under Section 1(a) herein, through a secure web portal created
and maintained by IAE. Such web portal access shall be created and provided to Vuela approximately thirty (30) days from the execution of this Agreement. Vuela must meet IAE defined requirements for access as detailed in Section 2 herein.
IAE will use all reasonable efforts to ensure a service availability target of 96% when measured on an annual basis and that down time of the system is no longer than one (1) Business Day for any one incident. 

 

	 	(ii)	IAE shall provide Services under the terms of this Agreement contingent upon the timely receipt of data required by IAE from Vuela. It is understood between the parties
that the ability of IAE to provide timely and accurate reports and processed information through these web-based services is dependent upon the quality and timeliness of the data received from Vuela. 

 

	 	(iii)	If email, or pager or cell phone alert notifications are required by Vuela, Vuela shall be responsible for acquiring and maintaining the required pager and cell phone
hardware and software and pay any associated communications fees. It is Vuela’s responsibility to establish an alert notification contact list and advise IAE of any changes. 

 

	2.	ACCESSIBILITY 

  

	 	(a)	To facilitate internet portal access, Vuela is required to maintain the following: (i) internet access; (ii) Internet Explorer version 5.5 or
higher; (iii) 128 bit Secure Socket Layer (“SSL”) encryption capability; and (iv) a minimum internet speed of 56K bits per second to access the internet portal. 

 

	 	(b)	All information being transmitted through the internet portal will be protected using SSL encryption. In addition, each user of the internet portal will be
authenticated at logon with a unique user identification and password. Once authenticated to the internet portal, Vuela will only be allowed to access the information that Vuela and IAE mutually agree a specific user may review. IAE shall review
security requirements for web portal access from time to time to ensure an appropriate level of data protection. Updated security requirements shall be communicated to Vuela on a timely basis. 

  
 Page 34 of 37

 IAE PROPRIETARY INFORMATION 
  
  

	3.	TRANSMISSION OF DATA BY VUELA 

  

	 	(a)	Vuela shall provide all data requested by IAE in order to perform the Services, including but not limited to the date and time the data was recorded, aircraft and
engine number, engine position, altitude and mach (or air speed), total air temperature, engine pressure ratio, rotor speeds, fuel flow, oil temperature, oil pressure, mechanical exceedances and pertinent maintenance actions (EHM Eligible Engine
changes, sensor changes, other items that may impact engine performance). Vuela shall electronically transmit engine condition monitoring data to IAE’s designated ground station via air-to-ground service providers (e.g., ARINC and SITA) or
via such other routing as the parties mutually agree. 

  

	 	(b)	Using the facilities available within IAE’s V2500 engine monitoring program services, Vuela shall provide feedback of on-wing maintenance actions taken as a result
of an alert notification as provided in accordance with Section 1(a)(v) herein. 

  
 Page 35 of 37

 IAE PROPRIETARY INFORMATION 

 

 Exhibit G 

Excess Work Labor and Fee Rates 
  

					
	 Item
	 	 Basis
	 	
Rates/Fees4

	 Hourly labor rate
	 	Labor hours	 	*****
			
	 Handling fee, new parts
	 	Current catalog part price	 	*****
			
	 Handling fee, LLP’s
	 	Current catalog part
price1	 	*****
			
	 Handling fee, used parts
	 	***** of current catalog part price	 	*****
			
	 Handling fee, customer supplied material
	 	Current catalog part price	 	*****
			
	 Handling fee, vendor repair
	 	Vendor invoice amount	 	*****
			
	 Rotable fee3
	 	Vendor invoice amount	 	*****

 Notes: 
  

	1.	The price of used LLPs will be adjusted pro-rata on the basis LLP cycle life remaining. 

 

	2.	A line item cap of *****applies. 

  

	3.	Rotable transactions are subject to both the rotable material fee and the vendor repair handling fee. 

 

	4.	The above labor rates are expressed in United States Dollars and are subject to escalation from the base month of January 2004 in accordance with the formula set
forth in Exhibit B (as may be modified in accordance with the provisions of Clause 11 to this Agreement. 

  
 ***** Confidential portions
of the material have been omitted and filed separately with the Securities and Exchange Commission. 
 Page 36 of 37 

 IAE PROPRIETARY INFORMATION 

 

 Exhibit H 

FHA Rate Adjustment 

For each Eligible Engine whose individual operational parameters differ from those set forth in Clause 10.5 of the Agreement, the Restoration Shop Visit
FHA Rates shall be adjusted for the different parameters in accordance with the following formula: 
 ***** 

Where: 
  

					
	*****	 	=	    	*****
	*****	 	=	    	*****
	*****	 	=	    	*****
	*****	 	=	    	*****

 The MTBR model will be Model V1.2.TB, as provided by IAE to Vuela. 

  
 ***** Confidential portions
of the material have been omitted and filed separately with the Securities and Exchange Commission. 
 Page 37 of 37 

  
 

 
 628 Hebron Ave, Suite 400 
 Glastonbury, CT 06033 
 USA 
 May 31, 2012. 
 Controladora Vuela Compañía de Aviación, S.A.P.I. de
C.V. 
 Av. Prolongación Reforma # 490, Primer Piso, 
 Colonia Santa Fe Peña Blanca, Delegación Álvaro 
 Obregón,
México, Distrito Federal, C.P. 01210. 
  

	Subject:	Side Letter No. 3 to the Fleet Hour Agreement between IAE International Aero Engines AG and Controladora Vuela Compañía de Aviación,
S.A.P.I. de C.V. 

 Ladies and Gentlemen: 
 We refer to the Fleet Hour Agreement bearing reference marks VOL_FHA-v8 (2007-JUN8) (Final) and dated June 18, 2007 between IAE International Aero Engines AG (“IAE”) and Controladora
Vuela Compañía de Aviación, S.A. de C.V. (“Vuela”), such contract being hereinafter referred to as the “FHA”. Unless expressly stated to the contrary, terms used in this Side Letter No. 3
shall have the same meaning given to them in the FHA. 
 This Side Letter No. 3 sets forth the terms by which the parties will include
certain additional Engines under the coverage of the FHA, which are or will be installed on the aircraft detailed herein, and amend certain FHA terms for the Eligible Engines. 
 1. Definitions 
  

	 	1.1.	The “Incremental Engines” are defined as follows: 

  

	 	1.1.1.	The four (4) V2527M-A5 Engines bearing serial numbers V15528, V15543, V15554, and V15557 installed on the two (2) A319 Aircraft leased to Concesionaria Vuela
Compañía de Aviación, S.A.P.I. de C.V. (“Volaris”) by CIT Aerospace International bearing manufacturing serial numbers 4403 and 4422 and delivered to Volaris in August 2010 (the “2010 Leased
Aircraft”); and 

  

	 	1.1.2.	The two (2) V2527-A5 Engines bearing serial numbers V15855 and V15857, which will be upgraded by Volaris or its lessor to V2527E-A5 Engines in 2012 at its cost,
installed on one (1) A320 aircraft bearing serial number 4741, leased to Volaris by Avolon (the “Avolon Aircraft”); and 

  

	 	1.1.3.	The eight (8) V2527E-A5 Engines bearing serial numbers V15912, V15917, V15946, V15954, V15934, V15955, V16042 and V16050 installed on the four (4) Aircraft
numbers 13, 14, 15, and 16 from the initial Vuela purchase agreement order to be delivered in accordance with Exhibit B-1 of the Support Contract (the “2006 Purchased Aircraft”); and 

  
 Page 1 of 23

	 	1.1.4.	The six (6) V2524-A5 Engines bearing serial numbers V11736, V11741, V12778, V12759, V12697, and V12701, which were originally installed on Airbus A319 aircraft
bearing manufacturer’s serial numbers 2296, 3317, and 3252 leased to Volaris by CIT Aerospace International (the “CIT Short Term Leased Aircraft”); and 

 

	 	1.1.5.	The two (2) V2527-A5 Engines bearing serial numbers V11674 and V11672, which will be upgraded by Volaris or its lessor to V2527E-A5 Engines in 2012 and which were
originally installed on Airbus A320 aircraft bearing serial number 2204 leased to Volaris by Macquarie Air Finance (the “Macquarie Short Term Leased Aircraft”); and 

 

	 	1.1.6.	The four (4) V2527-A5 Engines bearing serial numbers V12957, V12961, V12938 and V12972, which will be upgraded by Volaris or its lessor to V2527E-A5 Engines in
2012 at its cost, originally installed on Airbus A320 aircraft bearing serial number 3524 and 3543 leased to Volaris by Amentum Aircraft Leasing (the “Amentum Short Term Leased Aircraft,” and, together with the CIT Short Term Leased
Aircraft and the Macquarie Short Term Leased Aircraft, the “Short Term Leased Aircraft”). 

  

	 	1.2.	Upon execution of this Side Letter No. 3, each of the Incremental Engines shall be treated for all purposes as Eligible Engines in accordance with the FHA except
as set forth in this Side Letter No. 3. 

  

	 	1.3.	“Engine Shop Visit Condition(s)” shall mean, for each Eligible Engine, the Restoration Shop Visit entry conditions specified in Exhibit J.

  

	 	1.4.	“Lease Return Condition(s)” shall mean, for each Eligible Engine, the lease return conditions specified in Exhibit I. 

 

	 	1.5.	“Lease Return Date” shall mean, for each Eligible Engine, the lease return date specified in Exhibit A. 

 

	 	1.6.	Clause 1.3, Aircraft Definition, of the FHA is hereby deleted in its entirety and replaced with the following: 

 

	 	“1.3	“Aircraft” shall mean all or each of 

  

	 	1.3.1	the thirty (30) Firm Aircraft to be delivered in accordance with the schedule set forth in Exhibit B-1 of the Support Contract as such delivery schedule may be
amended from time to time; and 

  

	 	1.3.2	the four (4) Additional Aircraft (as defined in Side Letter No. 1 to the FHA); and 

 

	 	1.3.3	the four (4) Leased Aircraft (as defined in Side Letter No. 2 to the FHA); and 

 

	 	1.3.4	 the one (1) leased A320 Aircraft (bearing manufacturing serial number 3672) leased to Volaris by Wells Fargo (hereby added to the definition of
Leased Aircraft as set forth in Side Letter No. 2) and delivered to 

  
 Page 2 of 23

	 	
Volaris in November 2008 with two (2) Engines (bearing serial numbers V13073 and V13079 and hereby added to the definitions of Leased Engines as defined by Side Letter No. 2) that were
included in Exhibit A by Amendment No. 1 to the FHA; and 

  

	 	1.3.5	the two (2) 2010 Leased Aircraft (as defined in this Side Letter No. 3); and 

 

	 	1.3.6	the one (1) Avolon Aircraft (defined in this Side Letter No. 3); and 

 

	 	1.3.7	the six (6) Short Term Leased Aircraft (as defined in this Side Letter No. 3).” 

 

	 	1.7.	If Vuela leases additional V2500-A5 powered A320 family aircraft in the ordinary course of business, IAE and Vuela shall consider adding such aircraft to the FHA under
mutually agreeable terms and conditions. 

  

	 	1.8.	Clause 1.6, Aviation Authority, of the FHA is hereby deleted in its entirety and replaced with the following: 

 

	 	“1.6	“Aviation Authority” shall mean: (i) the United States Federal Aviation Administration and (ii) the European Aviation Safety Agency.”

  

	 	1.9.	Clause 1.16, Eligible Removal, of the FHA is hereby deleted in its entirety and replaced with the following: 

 

	 	“1.16	“Eligible Removal” shall mean the necessary removal of an Eligible Engine from an Aircraft during the Period of Cover following all reasonable and
appropriate line maintenance actions and troubleshooting in accordance with the AMM and IAE Technical Services’ recommendations, where such removal is due to (i) exceedance of AMM limits for continued operation as mutually agreed by Vuela
and IAE to be necessary (such agreement not to be unreasonably withheld); (ii) Life Limited Parts time expiry, provided the last Shop Visit for the Eligible Engine was performed by IAE during the Period of Cover; (iii) the written
recommendation of IAE, which includes the technical reason for the removal; (iv) meet the Lease Return Conditions for such Eligible Engine; or (v) meet the Engine Shop Visit Conditions for such Eligible Engine.”

  
 Page 3 of 23

	 	1.10.	Clause 1.32, Restoration Shop Visit, of the FHA is hereby deleted in its entirety and replaced with the following: 

 

	 	“1.32	“Restoration Shop Visit” shall mean any visit of an Eligible Engine to the Maintenance Center(s) following an Eligible Removal to (i) accomplish
Engine performance restoration, (ii) meet Lease Return Conditions, or (iii) meet Engine Shop Visit Conditions sufficient to make the Eligible Engine serviceable in accordance with the then current revision of the MMP for the relevant
Engine (or any successor to such MMP), IAE technical publications, Airworthiness Directives, and other IAE and Airworthiness Authority approved maintenance procedures, and which, as a minimum, includes a Level 3 refurbishment of the combustor and
high pressure turbine.” 

  

	 	1.10	Clause 1.26, “Maintenance Center”, of the FHA is hereby deleted in its entirety and replaced with the following: 

 

	 	“1.26	“Maintenance Center” shall mean any of the IAE shareholder maintenance center(s) designated by IAE and agreed by Vuela (such agreement not to be
unreasonably withheld, conditioned, or delayed) from time to time to perform services under this Agreement and which is approved by the Aviation Authority and DGAC as a certified repair station, provided that Vuela has met its obligations to obtain
Aviation Authority and DGAC approval under Clause 4.3. Notwithstanding the foregoing, IAE shall promptly provide Vuela with any and all necessary information reasonably requested by Vuela in order to meet the requirements of the Aviation Authority
and DGAC, provided that IAE shall not bear any significant additional costs and/or liabilities in connection with obtaining and providing such information.” 

 2. Period of Cover 
 Clauses 3.1 through Clause 3.4 are hereby
stricken in their entirety and replaced with the following: 
  

	 	“3.1	FHA coverage and payment as set forth in this Agreement will begin for each Eligible Engine as of the date of each Engine’s initial entry into service, except for
the Incremental Engines, which will begin FHA coverage and payment as set forth in this Agreement as of May 2012, and will remain in force and effect for each Eligible Engine until the Lease Return Date for each such Eligible Engine as detailed in
Exhibit A; provided, however, that (i) such FHA coverage will include no more than two Restoration Shop Visits and will include Miscellaneous Shop Visit coverage until the Lease Return Date after the second Restoration Shop Visit; and (ii) if Vuela
has extended its lease return date for such Eligible Engine with its lessor and if Vuela provides notice of the same to IAE in writing at least six (6) months prior to the Lease Return Date, IAE shall extend the coverages for an Eligible Engine as
set forth in this FHA for up to twenty-four (24) months from the Lease Return Date (the “Lease Return Extension Period”). 

  

	 	    	Notwithstanding any other provision of this Agreement to the contrary, in the event that the coverages for Eligible Engines as set forth in this FHA are extended as per
this Clause 3.1(i) and (ii) and, as a result, an Eligible Engine experiences a second Restoration Shop Visit that would not have otherwise been required but for Vuela’s election to extend the FHA term through the Lease Return Extension Period,
such Restoration Shop Visit shall not be covered under the FHA and shall be considered Excess Work. 

  

	 	    	For the purposes of clarity, a Restoration Shop Visit that would have been required before Vuela extended the actual lease return date for an Eligible Engine pursuant
to (ii) above and that occurs during the Lease Return Extension Period shall continue to be a Restoration Shop Visit covered under the FHA. 

  

	 	3.2	In the event that (i) Vuela’s actual or contemplated Eligible Engine thrust ratings, lease return conditions, lease return dates, or engine shop visit
conditions for Eligible Engines change relative to those set forth in Exhibit A, Exhibit I, or Exhibit J or (ii) Vuela ceases operation of an Aircraft and associated Engines during the period of cover set forth in Clause 3.1 (the changes
described Section 3.2(i) and (ii) shall collectively be referred to as “Operational Changes”), Vuela shall notify IAE in writing of any such Operational Changes within sixty (60) days of Vuela’s knowledge of such
Operational Changes. IAE shall then notify Vuela in writing within thirty (30) days of what adjustments, if any, to the FHA Rates set forth herein are required to incorporate and amend the FHA coverage set forth in this Agreement to include
such Operational Changes and eliminate any negative impact of such Operational Changes to IAE. The Parties will then mutually agree within ninety (90) days to either (x) incorporate and amend the FHA coverage set forth in this Agreement to
include such Operational Changes and make reasonable adjustments to the FHA Rates set forth herein to eliminate any negative impact of such Operational Changes to IAE or (y) leave the FHA coverage and FHA Rates unchanged.

  
 Page 4 of 23

	 	3.3	Notwithstanding Clause 3.1, if at the time of the first Restoration Shop Visit of an Eligible Engine (i) Vuela instructs IAE to build such Eligible Engine for
fewer LLP cycles than required for a full run as specified in the eMMP; and (ii) IAE and Vuela mutually agree prior to such Eligible Engine’s induction that a second Restoration Shop Visit for such Eligible Engine should not be required
due to LLP time expiry or to satisfy Lease Return Conditions or Engine Shop Visit Conditions based on a reasonable and good faith interpretation of past and expected future operational data; and (iii) such Eligible Engine subsequently requires
a second Restoration Shop Visit due to LLP time expiry or to satisfy Lease Return Conditions or Engine Shop Visit Conditions, then such second Restoration Shop Visit shall be ineligible for coverage under the FHA Rates and will be charged as Excess
Work. For the purposes of clarity, if IAE and Vuela mutually agree at the time of the first Restoration Shop Visit of an Eligible Engine that a second Restoration Shop Visit for such Eligible Engine will be required due to LLP time expiry or to
satisfy Lease Return Conditions or Engine Shop Visit Conditions based on a reasonable and good faith interpretation of past and expected future operational data pursuant to (ii) above, then such second Restoration Shop Visit shall be covered under
the FHA.” 

 3. Shop Visit Coverage 

 

	 	3.1	Clause 4.1.6 is hereby stricken in its entirety and replaced with the following: 

 

	 	“4.1.6	provide Shop Visit documentation as follows: 

  

	 	a)	serviceability tag FAA Form 8130-3 or -4, as applicable, and FAA Form 337; 

 

	 	b)	a shop findings report on the services accomplished, including a report stating any damage detected and repairs accomplished; 

 

	 	c)	a list of all Service Bulletins and Airworthiness Directives incorporated; 

 

	 	d)	a list of all LLPs with associated times and cycles since new; 

  

	 	e)	test cell performance data; 

  

	 	f)	a list of Accessories by serial number; and 

  

	 	g)	traceability and back-to-birth documentation for any LLPs replaced during a Shop Visit.” 

 

	 	3.2	A new Clause 4.3 is hereby added to the FHA as follows: 

  

	 	“4.3	 IAE acknowledges that Vuela’s preferred Maintenance Center is ****and will allocate at least seventy percent (70%) of Restoration Shop Visits
for Eligible Engines to **** for any given two (2) consecutive calendar year period provided (i) there is an induction slot available at **** at the planned date of the Restoration Shop Visit; (ii) **** maintains, at all times, the
level of key performance metrics, including TAT and quality, specified in agreements 

  
 Page 5 of 23

	 	
between IAE and ****; and (iii) **** remains a Maintenance Center within IAE’s aftermarket network of maintenance providers. Vuela shall maintain, at all times, approval from the
Aviation Authority and DGAC for **** and at least two additional IAE shareholder maintenance centers as certified repair centers. Notwithstanding the foregoing, IAE shall promptly provide Vuela with any and all necessary information reasonably
requested by Vuela in order to meet the requirements of the Aviation Authority and DGAC provided that IAE shall not bear any significant additional costs and/or liabilities in connection with obtaining and providing such information.”

  

	 	“3.3	A new Clause 4.4 is hereby added to the FHA as follows: 

  

	 	“4.4	If Vuela believes that the Maintenance Center is responsible for continual and/or repetitive breaches of the quality, turnaround time and/or workmanship commitments in
this FHA, Vuela shall notify IAE in writing providing full details accompanied by any supporting evidence. Within ten (10) business days of receipt of such notice from Vuela, Vuela and IAE will agree upon a date, time and place whereby senior
management representatives from IAE and Vuela will meet to review such claim and supporting evidence. Should IAE agree with Vuela’s claim, then within ten (10) business days of such meeting, IAE shall arrange to conduct an audit of the
Maintenance Center in light of Vuela’s claim and make appropriate recommendations. Should the Maintenance Center fail to comply with IAE’s recommendations, if any, within thirty (30) days or fail to achieve a consistent improvement in
quality, turnaround time, and/or workmanship, as the case may be, as soon as reasonably practicable after receipt of IAE’s recommendations, Vuela shall have the right to change the designated Maintenance Center under this FHA.”

 4. Lease Engine Support 
  

	 	4.1.	All references within Clause 5 of the FHA to IAE’s Standard Terms of Business for Lease (“STOBL”) are hereby stricken and replaced with the
“the International Air Transport Association (“IATA”)”. 

  

	 	4.2.	Clause 5.2 is hereby stricken in its entirety and replaced with the following: 

 

	 	“5.2	IAE’s obligation to provide such V2500-A5 lease Engine to Vuela is contingent on Vuela being in compliance with its obligations under Clause 9 and Vuela
demonstrating the availability of reasonably sufficient Spare Engines, Accessories, components and Parts to maintain proper support of the Eligible Engines, including (i) at least a ****Spare Engine to installed Engine ratio and at least a
total of ****available Spare Engines starting on ****, (ii) at least a ****Spare Engine to installed Engine ratio and at least a total of ****Spare Engines starting on ****, and (iii) at least an ****Spare Engine to installed engine ratio
and at least ****Spare Engines starting on ****. The Spare Engine availability requirement is summarized as follows: 

  
 Page 6 of 23

							
	 	  	January 1, 2012	 	January 1, 2013	 	January 1, 2014
	 Spare Engine to installed Engine ratio
	  	Six percent
 (6%)
	 	Seven percent
 (7%)
	 	Eight percent

(8%)

	 Minimum number of available Spare Engines
	  	Five (5)	 	Five (5)	 	Six (6)

  

	 	  	Notwithstanding the foregoing, IAE shall not be obligated to waive the daily rental fee for an emergency lease pool Engine under Clause 5.1 if Vuela does not have at
least an ****Spare Engine to installed Engine ratio and a minimum of six (6) available Spare Engines at the time of the AOG situation. The IAE emergency lease pool Engine daily rental fee for the calendar year 2012 is **** per day for a
V2524-A5 engine and ****per day for a V2527-A5 engine, V2527M-A5 engine, or V2527E-A5 engine in January 2012 U.S. dollars. The IAE emergency lease pool Engine daily rental fee is subject to change by IAE starting in January 2014.”

 5. General Fleet Hour Agreement Services 
 Clause 7.1 is hereby stricken in its entirety and replaced with the following: 
  

	 	“7.1	A customized MMP for the Eligible Engines will be produced for Vuela by IAE in consultation with Vuela, taking into account the specifics of the operation of the
Aircraft and Eligible Engines. The MMP shall be determined in good faith and on a nondiscriminatory basis by IAE, and approved by Vuela (such approval not to be unreasonably withheld or delayed). The MMP shall establish maintenance requirements
including LLP management, incorporation of applicable Service Bulletins and Aviation Authority Airworthiness Directive requirements and Eligible Engine removal planning. IAE will manage the Eligible Engines’ maintenance requirements to maximize
the usage of LLPs to the extent required to satisfy the Lease Return Dates, Lease Return Conditions and Engine Shop Visit Conditions as specified in this Side Letter No. 3.” 

6. FHA Rates and Payment 
 Clause 10.1 is hereby stricken in its entirety and replaced with the following: 
  

	 	“10.1	FHA Rates 

  

	 	10.1.1	The FHA Rate per Eligible Engine Flight Hour for Restoration Shop Visit Coverage during the Period of Cover for Eligible Engines on A319 and A320 Aircraft shall be as
follows: 

  

	 	  	            Engine/Derate            
            At RSV 1                 At RSV2 

	 	  	****          

  

	 	  	 IAE shall invoice Volaris at induction of the Eligible Engine into the Maintenance Center for a Restoration Shop Visit, an amount equal to the above
applicable FHA Rate (escalated in accordance with Clause 10.2) 

  
 Page 7 of 23

	 	
multiplied by the Eligible Engine Flight Hours flown by such Eligible Engine since new or if the Eligible Engine has had a prior Restoration Shop Visit, since its last Restoration Shop Visit. The
above FHA Rates are subject to adjustment in accordance with the provisions of Exhibit H and Clause 3.2 to the extent applicable. 

  

	 	10.1.2	The FHA Rate for Miscellaneous Shop Visit Coverage shall be ****per Eligible Engine Flight Hour during the Period of Cover. IAE shall invoice Vuela on a monthly basis
in an amount equal to the FHA Rate for Miscellaneous Shop Visit Coverage (escalated in accordance with Clause 10.2) multiplied by the Eligible Engine Flight Hours flown in the previous month by Eligible Engines within their respective Periods of
Cover. 

  

	 	10.1.3	Notwithstanding Clause 10.1.1, for the first Restoration Shop Visit for the Eligible Engines listed in Exhibit K only, IAE shall invoice Vuela at induction of each such
Eligible Engine into the Maintenance Center for its first Restoration Shop Visit an amount equal to (i) the FHA Rate Specified in this Clause 10.1.3 (escalated in accordance with Clause 10.2) multiplied by the number of Eligible Engine Flight Hours
specified for such Eligible Engine in Exhibit K (“Pre-Side Letter No. 3 Flight Hours”) plus (ii) the applicable “At RSV1” FHA Rate specified in Clause 10.1.1 (escalated in accordance with Clause 10.2) multiplied by the Eligible
Engine Flight Hours flown by such Eligible Engine since new less the number of Pre-Side Letter No. 3 Flight Hours for such Eligible Engine. 

  

			
	Engine/Derate	 	At RSV 1
		
	 *****
	 	*****
		
	 *****
	 	 *****

		
	 *****
	 	 *****

 The above FHA Rates are subject to adjustment in accordance with the provisions of Exhibit H and Clause
3.2 to the extent applicable. 
  

	 	10.2	All FHA Rates in Clause 10.1 shall be paid in accordance with Clause 10.6.1 below, and are subject to escalation from the base month of January 2012 to the date of
calculation of the applicable FHA Rate invoice in accordance with the formula set forth in Exhibit B.” 

 7. General
Conditions 
 Clause 10.5, General Conditions, is hereby stricken in its entirety and replaced with the following:

  

	 	“10.5	General Conditions 

  

	 	  	The FHA Rates are predicated upon Vuela: 

  

	 	10.5.1	maintaining within its fleet of Aircraft an annual average flight cycle length of 1.82 hours per cycle (calculated from the moment the wheels of an Aircraft, on which
any Eligible Engine is installed, leave the ground on take-off to the moment when the wheels of such Aircraft touch the ground on landing); 

  

	 	10.5.2	maintaining an average engine thrust derate ******** relative to the V2527M-A5 and V2527E-A5 thrust rating, **** relative to the V2524-A5 thrust rating, or ****
relative to the V2522-A5 thrust rating, as applicable; 

  

	 	10.5.3	maintaining an average ambient temperature for take-off no greater than ISA ****; and 

 

	 	10.5.4	taking delivery of all of the Aircraft and Spare Engines in accordance with the schedule set forth in Exhibit B of the Support Contract, as such delivery schedule may
be amended from time to time in accordance with the Support Contract. 

  

	 	  	IAE may make adjustments to the FHA Rates as set forth in Exhibit H, if there is a change in any of the operational conditions set forth in Clauses 10.5.1 through
10.5.3.” 

  
 Page 8 of 23

 8. Payment Grace Period 

Clause 10.6.4 is hereby stricken in its entirety and replaced with the following: 

 

	 	“10.6.4	Should Vuela fail to make any payment to IAE required as set forth in this Clause 10, then, notwithstanding any rights which IAE may have in contract or in law, IAE
reserves the right to assess interest on such late payment at the rate of **** of the outstanding amount per month from the date the payment was due to be made until the date such payment is received by IAE; provided, however, that IAE shall not
charge Vuela interest on any such late payment for the Restoration Shop Visit FHA Rates specified under Clause 10.1.1 until thirty (30) days after the payment came due.” 

9. Escalation Protection 
 The first paragraph of Clause 11 is hereby stricken in its entirety and replaced with the following: 
 “Except as otherwise noted to the contrary, for the period beginning January 1, 2006 and for the term of this FHA (the “Cap Period”), IAE agrees to cap escalation for all
credits, FHA Rates, and other items escalated in accordance with the formula in Exhibit B (“Base Amounts”) at a cumulative rate of ****, compounding annually, provided that for any year in which escalation exceeds ****over the
previous year, such escalation overage above ****shall be shared ****by IAE and ****by Volaris as follows:” 
 10. Restoration Shop
Visits 
 For a Restoration Shop Visit necessary to meet the Lease Return Condition of an Eligible Engine, such
Restoration Shop Visit shall not occur more than one hundred and twenty (120) days prior to the Lease Return Date for such Eligible Engine provided that an induction slot in a Maintenance Center is available within such one hundred and twenty
(120) day period. 
 11. Used Additional Engines – Specific Provisions 

Notwithstanding any provisions in the FHA to the contrary, for the purpose of determining the FHA Rate per Eligible Engine Flight Hour for
Restoration Shop Visit Coverage during the Period of Cover for the Eligible Engines bearing serial numbers V12557 and V12636, each such Eligible Engine shall be considered to have already completed one Restoration Shop Visit. Accordingly, the
applicable “At RSV 2” rate specified in Clause 10.1.1 shall apply for the next Restoration Shop Visit of each such Eligible Engine. 

12. Used Additional Engines – Specific Provisions 
 Notwithstanding any provisions in the FHA to the contrary, the Used Additional Engines with engine serial numbers V10645, V10648, V10657, and V10660 shall be considered to have already completed two
Restoration Shop Visits. Accordingly, such Used Additional Engines shall not be eligible for any additional Restoration Shop Visits under the FHA. 
 13. Incremental Engines – Specific Provisions 
 Notwithstanding
any provisions in the FHA to the contrary and for the avoidance of doubt, with respect to the Incremental Engines, the following shall apply: 
 For the purpose of calculating all invoices for Incremental Engines under Clause 10.1.1 of the FHA, IAE shall invoice Vuela an amount equal *****. Such FHA Rates are subject to adjustment in accordance
with the provisions of Exhibit H of the FHA to the extent applicable, based on the operational parameters of the Incremental Engines. 
 14.
New Aircraft Exclusivity 
 This Side Letter No. 3 is subject to Vuela and IAE terminating, in writing, and to the
mutual satisfaction of Vuela and IAE, the aircraft exclusivity provisions of (i) Clause 2.2.1 of Amendment No. 1 to the V2500 General Terms of Sale between IAE and Vuela dated December 13, 2006 (as amended from time to time) (the “GTA”)
and (ii) Clause 1.1.2 of Amendment No. 1 to Side Letter No. 1 of the GTA no later than July 31, 2012. In the event that Vuela and IAE do not reach an agreement by such date, this Side Letter No. 3 shall null and void. 

15. Eligible Engine List 
 Exhibit A to the FHA is hereby deleted in its entirety and replaced with the revised Exhibit A attached hereto as Appendix 1. 
 16. Used Additional Engine List 
 Appendix 2 to Side Letter
No. 1 to the FHA is hereby deleted in its entirety and replaced with the revised Appendix 2 attached hereto. 

  
 Page 9 of 23

 17. Lease Return Conditions 

Exhibit I, Eligible Engine Lease Return Conditions, is hereby added to the FHA and is attached hereto as Appendix 3. 

18. Engine Shop Visit Conditions 
 Exhibit J, Eligible Engine Shop Visit Conditions, is hereby added to the FHA and is attached hereto as Appendix 4. 
 19. Pre-Side Letter No. 3 Flight Hours 
 Exhibit K, Pre-Side Letter No. 3
Flight Hours, is hereby added to the FHA and is attached hereto as Appendix 5. 
 Except as expressly amended by this Side Letter
No. 3, all provisions of the FHA remain in full force and effect. 
  

					
	Very truly yours,	 		 	Agreed to and accepted on behalf of
	IAE International Aero Engines AG	 		 	 Controladora Vuela Compañía de Aviación,
 S.A.P.I. de C.V.

			
	/s/ William Gorton	 		 	/s/ Fernando Suárez Gerard
	Name   William Gorton	 		 	Name   Fernando Suárez Gerard
			
	Commercial Director	 		 	CFO
	Title	 		 	Title
			
	June 1, 2012	 		 	  
	Date	 		 	Date
			
	 	 		 	/s/ Holger Blankenstein
		 		 	Name   Holger Blankenstein
			
	 	 		 	CCO
		 		 	Title
			
	 	 		 	May 31, 2012
		 		 	Date

  
 Page 10 of 23

 Appendix 1 

Exhibit A 
 Eligible Engine List 
  

															
	 Engine
 No.
	  	 Thrust

Rating
	  	 ESN
	  	 Aircraft Tail
Number
	  	 Aircraft Serial
Number
	  	 EIS Date
	  	 Delivery date to
Volaris
	  	Lease Return
Date
	1	  	V2524-A5	  	V12891	  	N502VL	  	3463	  	18-Apr-08	  	18-Apr-08	  	18-Apr-18
	2	  	V2524-A5	  	V12908	  	N503VL	  	3491	  	21-Apr-08	  	21-Apr-08	  	21-Apr-18
	3	  	V2524-A5	  	V13000	  	N504VL	  	3590	  	22-Jul-08	  	22-Jul-08	  	22-Jul-18
	4	  	V2524-A5	  	V12893	  	N502VL	  	3463	  	18-Apr-08	  	18-Apr-08	  	18-Apr-18
	5	  	V2524-A5	  	V12912	  	N503VL	  	3491	  	21-Apr-08	  	21-Apr-08	  	21-Apr-18
	6	  	V2524-A5	  	V13002	  	N504VL	  	3590	  	22-Jul-08	  	22-Jul-08	  	22-Jul-18
	7	  	V2524-A5	  	V10660	  	N473TA	  	1140	  	29-Nov-99	  	08-Jun-06	  	29-Mar-13
	8	  	V2524-A5	  	V10657	  	N474TA	  	1159	  	13-Mar-00	  	19-Jan-06	  	27-Mar-13
	9	  	V2524-A5	  	V10645	  	N473TA	  	1140	  	29-Nov-99	  	06-Feb-06	  	29-Mar-13
	10	  	V2524-A5	  	V10648	  	N474TA	  	1159	  	13-Mar-00	  	19-Jan-06	  	27-Mar-13
	11	  	V2524-A5	  	V12144	  	XA-VOI	  	2657	  	01-Mar-06	  	01-Mar-06	  	01-Mar-18
	12	  	V2524-A5	  	V12170	  	XA-VOL	  	2666	  	01-Mar-06	  	01-Mar-06	  	28-Feb-18
	13	  	V2524-A5	  	V12146	  	XA-VOI	  	2657	  	01-Mar-06	  	01-Mar-06	  	01-Mar-18
	14	  	V2524-A5	  	V12172	  	XA-VOL	  	2666	  	01-Mar-06	  	01-Mar-06	  	28-Feb-18
	15	  	V2527E-A5	  	V13073	  	XA-VON	  	3672	  	10-Nov-08	  	10-Nov-08	  	09-Nov-16
	16	  	V2527E-A5	  	V13079	  	XA-VON	  	3672	  	10-Nov-08	  	10-Nov-08	  	09-Nov-16
	17	  	V2527E-A5	  	V13051	  	XA-VOM	  	3624	  	09-Oct-08	  	09-Oct-08	  	09-Oct-14
	18	  	V2527E-A5	  	V13053	  	XA-VOM	  	3624	  	09-Oct-08	  	09-Oct-08	  	09-Oct-14
	19	  	V2527E-A5	  	V16154	  	N509VL	  	5062	  	29-Mar-12	  	29-Mar-12	  	29-Mar-23
	20	  	V2527E-A5	  	V16151	  	N509VL	  	5062	  	29-Mar-12	  	29-Mar-12	  	29-Mar-23
	21	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Jun-12	  	Jun-12	  	Jun-23
	22	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Jun-12	  	Jun-12	  	Jun-23
	23	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Jun-12	  	Jun-12	  	Jun-23
	24	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Jun-12	  	Jun-12	  	Jun-23
	25	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Sep-12	  	Sep-12	  	Sep-23
	26	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Sep-12	  	Sep-12	  	Sep-23
	27	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Oct-12	  	Oct-12	  	Oct-23
	28	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Oct-12	  	Oct-12	  	Oct-23
	29	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Oct-12	  	Oct-12	  	Oct-23
	30	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Oct-12	  	Oct-12	  	Oct-23

  
 Page 11 of 23

															
	 Engine
 No.
	  	 Thrust

Rating
	  	 ESN
	  	 Aircraft Tail
Number
	  	 Aircraft Serial
Number
	  	 EIS Date
	  	 Delivery date to
Volaris
	  	 Lease Return
Date

	31	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Nov-12	  	Nov-12	  	Nov-23
	32	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Nov-12	  	Nov-12	  	Nov-23
	33	  	V2527M-A5	  	V12886	  	XA-VOK	  	3450	  	28-Mar-08	  	28-Mar-08	  	27-Mar-15
	34	  	V2527M-A5	  	V12532	  	XA-VOD	  	3045	  	15-Mar-07	  	15-Mar-07	  	14-Sep-16
	35	  	V2527M-A5	  	V12545	  	XA-VOD	  	3045	  	15-Mar-07	  	15-Mar-07	  	14-Sep-16
	36	  	V2527M-A5	  	V12557	  	XA-VOE	  	3069	  	16-Mar-07	  	16-Mar-07	  	15-Sep-16
	37	  	V2527M-A5	  	V12559	  	XA-VOE	  	3069	  	16-Mar-07	  	16-Mar-07	  	15-Sep-16
	38	  	V2527M-A5	  	V12706	  	XA-VOH	  	3253	  	21-Sep-07	  	21-Sep-07	  	20-Mar-17
	39	  	V2527M-A5	  	V12708	  	XA-VOH	  	3253	  	21-Sep-07	  	21-Sep-07	  	20-Mar-17
	40	  	V2527M-A5	  	V12728	  	XA-VOJ	  	3279	  	19-Oct-07	  	19-Oct-07	  	18-Apr-17
	41	  	V2527M-A5	  	V12736	  	XA-VOJ	  	3279	  	19-Oct-07	  	19-Oct-07	  	18-Apr-17
	42	  	V2527M-A5	  	V12883	  	XA-VOK	  	3450	  	28-Mar-08	  	28-Mar-08	  	27-Mar-15
	43	  	V2527M-A5	  	V12472	  	N501VL	  	2979	  	19-Jan-07	  	19-Jan-07	  	18-Jan-19
	44	  	V2527M-A5	  	V12487	  	N501VL	  	2979	  	19-Jan-07	  	19-Jan-07	  	18-Jan-19
	45	  	V2527M-A5	  	V13093	  	XA-VOO	  	3705	  	13-Nov-08	  	13-Nov-08	  	13-Nov-14
	46	  	V2527M-A5	  	V13095	  	XA-VOO	  	3705	  	13-Nov-08	  	13-Nov-08	  	13-Nov-14
	47	  	V2527M-A5	  	V12274	  	XA-VOA	  	2771	  	30-May-06	  	30-May-06	  	29-May-18
	48	  	V2527M-A5	  	V12278	  	XA-VOA	  	2771	  	30-May-06	  	30-May-06	  	29-May-18
	49	  	V2527M-A5	  	V12286	  	XA-VOB	  	2780	  	30-May-06	  	30-May-06	  	29-May-18
	50	  	V2527M-A5	  	V12288	  	XA-VOB	  	2780	  	30-May-06	  	30-May-06	  	29-May-18
	51	  	V2527M-A5	  	V12476	  	XA-VOC	  	2997	  	17-Jan-07	  	17-Jan-07	  	16-Jan-19
	52	  	V2527M-A5	  	V12490	  	XA-VOC	  	2997	  	17-Jan-07	  	17-Jan-07	  	16-Jan-19
	53	  	V2527M-A5	  	V12561	  	XA-VOF	  	3077	  	28-Mar-07	  	28-Mar-07	  	30-Sep-16
	54	  	V2527M-A5	  	V12563	  	XA-VOF	  	3077	  	28-Mar-07	  	28-Mar-07	  	30-Sep-16
	55	  	V2527M-A5	  	V12636	  	XA-VOG	  	3175	  	22-Jun-07	  	22-Jun-07	  	31-Mar-17
	56	  	V2527M-A5	  	V12638	  	XA-VOG	  	3175	  	22-Jun-07	  	22-Jun-07	  	31-Mar-17
	57	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Mar-13	  	Mar-13	  	Mar-24
	58	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Mar-13	  	Mar-13	  	Mar-24
	59	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Mar-13	  	Mar-13	  	Mar-24
	60	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Mar-13	  	Mar-13	  	Mar-24

  
 Page 12 of 23

															
	 Engine
 No.
	  	 Thrust Rating
	  	 ESN
	  	 Aircraft Tail
Number
	  	 Aircraft Serial
Number
	  	 EIS Date
	  	 Delivery date to
Volaris
	  	 Lease Return
Date

	61	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	May-13	  	May-13	  	May-24
	62	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	May-13	  	May-13	  	May-24
	63	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Jun-13	  	Jun-13	  	Jun-24
	64	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Jun-13	  	Jun-13	  	Jun-24
	65	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Sep-13	  	Sep-13	  	Sep-24
	66	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Sep-13	  	Sep-13	  	Sep-24
	67	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Mar-14	  	Mar-14	  	Mar-25
	68	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	Mar-14	  	Mar-14	  	Mar-25
	69	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	May-14	  	May-14	  	May-25
	70	  	V2527E-A5	  	TBD	  	TBD	  	TBD	  	May-14	  	May-14	  	May-25
	71	  	V2524-A5	  	V11736	  	XA-VOR	  	2296	  	01-Oct-04	  	19-Nov-10	  	18-Mar-14
	72	  	V2524-A5	  	V11741	  	XA-VOR	  	2296	  	01-Oct-04	  	19-Nov-10	  	18-Mar-14
	73	  	V2524-A5	  	V12697	  	XA-VOS	  	3252	  	20-Nov-07	  	01-Dec-10	  	14-Sep-13
	74	  	V2524-A5	  	V12701	  	XA-VOS	  	3252	  	20-Nov-07	  	01-Dec-10	  	14-Sep-13
	75	  	V2524-A5	  	V12778	  	XA-VOT	  	3317	  	19-Sep-07	  	24-Nov-10	  	23-Nov-13
	76	  	V2524-A5	  	V12759	  	XA-VOT	  	3317	  	19-Sep-07	  	24-Nov-10	  	23-Nov-13
	77	  	V2527E-A5	  	V15912	  	N505VL	  	4798	  	28-Jul-11	  	28-Jul-11	  	28-Jul-22
	78	  	V2527E-A5	  	V15917	  	N505VL	  	4798	  	28-Jul-11	  	28-Jul-11	  	28-Jul-22
	79	  	V2527E-A5	  	V15934	  	N507VL	  	4832	  	08-Sep-11	  	08-Sep-11	  	08-Sep-22
	80	  	V2527E-A5	  	V15946	  	N506VL	  	4828	  	29-Sep-11	  	29-Sep-11	  	29-Sep-22
	81	  	V2527E-A5	  	V15954	  	N506VL	  	4828	  	29-Sep-11	  	29-Sep-11	  	29-Sep-22
	82	  	V2527E-A5	  	V15955	  	N507VL	  	4832	  	08-Sep-11	  	08-Sep-11	  	08-Sep-22
	83	  	V2527E-A5	  	V16042	  	N508VL	  	4950	  	13-Dec-11	  	13-Dec-11	  	13-Dec-22
	84	  	V2527E-A5	  	V16050	  	N508VL	  	4950	  	13-Dec-11	  	13-Dec-11	  	13-Dec-22
	85	  	V2527E-A5	  	V15855	  	XA-VOX	  	4741	  	23-Jun-11	  	23-Jun-11	  	22-Jun-22
	86	  	V2527E-A5	  	V15857	  	XA-VOX	  	4741	  	23-Jun-11	  	23-Jun-11	  	22-Jun-22
	87	  	V2527E-A5	  	V11674	  	XA-VOU	  	2204	  	25-Jun-04	  	14-Apr-11	  	22-May-15
	88	  	V2527E-A5	  	V11672	  	XA-VOU	  	2204	  	25-Jun-04	  	14-Apr-11	  	22-May-15
	89	  	V2527E-A5	  	V12957	  	XA-VOV	  	3524	  	19-Jun-08	  	24-May-11	  	24-May-16
	90	  	V2527E-A5	  	V12961	  	XA-VOV	  	3524	  	19-Jun-08	  	24-May-11	  	24-May-16

  
 Page 13 of 23

															
	 Engine
 No.
	  	 Thrust Rating
	  	 ESN
	  	 Aircraft Tail
Number
	  	 Aircraft Serial
Number
	  	 EIS Date
	  	 Delivery date to
Volaris
	  	 Lease Return
Date

	91	  	V2527E-A5	  	V12938	  	XA-VOW	  	3543	  	08-Jul-08	  	10-Jun-11	  	10-Jun-16
	92	  	V2527E-A5	  	V12972	  	XA-VOW	  	3543	  	08-Jul-08	  	10-Jun-11	  	10-Jun-16
	93	  	V2527M-A5	  	V15528	  	XA-VOP	  	4403	  	05-Aug-10	  	05-Aug-10	  	04-Aug-16
	94	  	V2527M-A5	  	V15543	  	XA-VOP	  	4403	  	05-Aug-10	  	05-Aug-10	  	04-Aug-16
	95	  	V2527M-A5	  	V15557	  	XA-VOQ	  	4422	  	26-Aug-10	  	26-Aug-10	  	25-Aug-16
	96	  	V2527M-A5	  	V15554	  	XA-VOQ	  	4422	  	26-Aug-10	  	26-Aug-10	  	25-Aug-16
	S1	  	V2527M-A5	  	V12285	  	NA	  	NA	  	02-Oct-07	  	01-Mar-06	  	27-Apr-18
	S2	  	V2527M-A5	  	V12671	  	NA	  	NA	  	03-Nov-09	  	09-Jun-07	  	28-Feb-13
	S3	  	V2527M-A5	  	V13063	  	NA	  	NA	  	12-May-10	  	31-Aug-08	  	21-Oct-13
	S4	  	V2527E-A5	  	V13183	  	NA	  	NA	  	02-Jul-10	  	01-Nov-09	  	13-Jul-17
	S5	  	V2527E-A5	  	V16007	  	NA	  	NA	  	22-Feb-12	  	01-Sep-11	  	29-Sep-17
	S6	  	V2527E-A5	  	Spare 6	  	NA	  	NA	  	TBD	  	TBD	  	TBD

  
 Page 14 of 23

 Appendix 2 
 The Used Additional Aircraft delivered to Vuela as follows: 
  

					
	ESN	  	Delivered to Vuela	  	
	V10657	  	29-Jan-06	  	
	V10648	  	29-Jan-06	  	
	V10645	  	16-Feb-06	  	
	V10660	  	16-Feb-06	  	

  
 Page 15 of 23

 Appendix 3 

Exhibit I 
 Eligible Engine Lease Return Conditions 
  

															
	 	  	 	  	 	  	 	  	 Lease Return Conditions

	 Engine
 No.
	  	 Thrust

Rating
	  	 ESN
	  	 Aircraft

Serial

Number
	  	 Engine FH and FC

remaining at Lease
 Return Date
	  	 Maximum Engine FH

and FC since last
 Restoration Shop Visit

at Lease Return Date
	  	 Maximum LLP FC

since last

Restoration Shop
 Visit
	  	 LLP FH and FC

remaining at Lease
 Return Date

	1	  	V2524-A5	  	V12891	  	3463	  	4000FH & 3500FC	  	NA	  	NA	  	4000 FC
	2	  	V2524-A5	  	V12908	  	3491	  	4000FH & 3500FC	  	NA	  	NA	  	4000 FC
	3	  	V2524-A5	  	V13000	  	3590	  	4000FH & 3500FC	  	NA	  	NA	  	4000 FC
	4	  	V2524-A5	  	V12893	  	3463	  	4000FH & 3500FC	  	NA	  	NA	  	4000 FC
	5	  	V2524-A5	  	V12912	  	3491	  	4000FH & 3500FC	  	NA	  	NA	  	4000 FC
	6	  	V2524-A5	  	V13002	  	3590	  	4000FH & 3500FC	  	NA	  	NA	  	4000 FC
	7	  	V2524-A5	  	V10660	  	1140	  	6000FH & 4500FC	  	NA	  	7500 FC	  	4500 FC
	8	  	V2524-A5	  	V10657	  	1159	  	6000FH & 4500FC	  	NA	  	7500 FC	  	4500 FC
	9	  	V2524-A5	  	V10645	  	1140	  	6000FH & 4500FC	  	NA	  	7500 FC	  	4500 FC
	10	  	V2524-A5	  	V10648	  	1159	  	6000FH & 4500FC	  	NA	  	7500 FC	  	4500 FC
	11	  	V2524-A5	  	V12144	  	2657	  	NA	  	3000FH	  	NA	  	8000 FC
	12	  	V2524-A5	  	V12170	  	2666	  	NA	  	3000FH	  	NA	  	8000 FC
	13	  	V2524-A5	  	V12146	  	2657	  	NA	  	3000FH	  	NA	  	8000 FC
	14	  	V2524-A5	  	V12172	  	2666	  	NA	  	3000FH	  	NA	  	8000 FC
	15	  	V2527E-A5	  	V13073	  	3672	  	5000 FH & 3000 FC	  	8000FH & 4000FC	  	7500 FC	  	5000FH & 3000FC
	16	  	V2527E-A5	  	V13079	  	3672	  	5000 FH & 3000 FC	  	8000FH & 4000FC	  	7500 FC	  	5000FH & 3000FC
	17	  	V2527E-A5	  	V13051	  	3624	  	NA	  	10000FH & 6500FC	  	NA	  	5000 FC
	18	  	V2527E-A5	  	V13053	  	3624	  	NA	  	10000FH & 6500FC	  	NA	  	5000 FC
	19	  	V2527E-A5	  	V16154	  	5062	  	6000 FH	  	NA	  	NA	  	3000 FC
	20	  	V2527E-A5	  	V16151	  	5062	  	6000 FH	  	NA	  	NA	  	3000 FC
	21	  	V2527E-A5	  	TBD	  	TBD	  	6000 FH	  	NA	  	NA	  	3000 FC
	22	  	V2527E-A5	  	TBD	  	TBD	  	6000 FH	  	NA	  	NA	  	3000 FC
	23	  	V2527E-A5	  	TBD	  	TBD	  	6000 FH	  	NA	  	NA	  	3000 FC
	24	  	V2527E-A5	  	TBD	  	TBD	  	6000 FH	  	NA	  	NA	  	3000 FC
	25	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	26	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	27	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	28	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	29	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	30	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC

  
 Page 16 of 23

															
	 	  	 	  	 	  	 	  	 Lease Return Conditions

	 Engine
 No.
	  	 Thrust

Rating
	  	 ESN
	  	 Aircraft

Serial

Number
	  	 Engine FH and FC

remaining at Lease
 Return Date
	  	 Maximum Engine FH

and FC since last
 Restoration Shop Visit

at Lease Return Date
	  	 Maximum LLP FC

since last

Restoration Shop
 Visit
	  	 LLP FH and FC

remaining at Lease
 Return Date

	31	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	32	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	33	  	V2527M-A5	  	V12886	  	3450	  	5000 FH & 3000 FC	  	8000FH & 4000FC	  	7500 FC	  	5000FH & 3000FC
	34	  	V2527M-A5	  	V12532	  	3045	  	5000 FH & 3000 FC	  	8000FH & 4000FC	  	7500 FC	  	5000FH & 3000FC
	35	  	V2527M-A5	  	V12545	  	3045	  	5000 FH & 3000 FC	  	8000FH & 4000FC	  	7500 FC	  	5000FH & 3000FC
	36	  	V2527M-A5	  	V12557	  	3069	  	5000 FH & 3000 FC	  	8000FH & 4000FC	  	7500 FC	  	5000FH & 3000FC
	37	  	V2527M-A5	  	V12559	  	3069	  	5000 FH & 3000 FC	  	8000FH & 4000FC	  	7500 FC	  	5000FH & 3000FC
	38	  	V2527M-A5	  	V12706	  	3253	  	5000 FH & 3000 FC	  	8000FH & 4000FC	  	7500 FC	  	5000FH & 3000FC
	39	  	V2527M-A5	  	V12708	  	3253	  	5000 FH & 3000 FC	  	8000FH & 4000FC	  	7500 FC	  	5000FH & 3000FC
	40	  	V2527M-A5	  	V12728	  	3279	  	5000 FH & 3000 FC	  	8000FH & 4000FC	  	7500 FC	  	5000FH & 3000FC
	41	  	V2527M-A5	  	V12736	  	3279	  	5000 FH & 3000 FC	  	8000FH & 4000FC	  	7500 FC	  	5000FH & 3000FC
	42	  	V2527M-A5	  	V12883	  	3450	  	5000 FH & 3000 FC	  	8000FH & 4000FC	  	7500 FC	  	5000FH & 3000FC
	43	  	V2527M-A5	  	V12472	  	2979	  	6000FH & 4500FC	  	NA	  	7500 FC	  	4500 FC
	44	  	V2527M-A5	  	V12487	  	2979	  	6000FH & 4500FC	  	NA	  	7500 FC	  	4500 FC
	45	  	V2527M-A5	  	V13093	  	3705	  	NA	  	10000FH & 6500FC	  	NA	  	5000 FC
	46	  	V2527M-A5	  	V13095	  	3705	  	NA	  	10000FH & 6500FC	  	NA	  	5000 FC
	47	  	V2527M-A5	  	V12274	  	2771	  	NA	  	3000FH	  	NA	  	8000 FC
	48	  	V2527M-A5	  	V12278	  	2771	  	NA	  	3000FH	  	NA	  	8000 FC
	49	  	V2527M-A5	  	V12286	  	2780	  	NA	  	3000FH	  	NA	  	8000 FC
	50	  	V2527M-A5	  	V12288	  	2780	  	NA	  	3000FH	  	NA	  	8000 FC
	51	  	V2527M-A5	  	V12476	  	2997	  	NA	  	3000FH	  	NA	  	8000 FC
	52	  	V2527M-A5	  	V12490	  	2997	  	NA	  	3000FH	  	NA	  	8000 FC
	53	  	V2527M-A5	  	V12561	  	3077	  	NA	  	3000FH & 1500FC	  	1500FC	  	NA
	54	  	V2527M-A5	  	V12563	  	3077	  	NA	  	3000FH & 1500FC	  	1500FC	  	NA
	55	  	V2527M-A5	  	V12636	  	3175	  	NA	  	3000FH & 1500FC	  	1500FC	  	NA
	56	  	V2527M-A5	  	V12638	  	3175	  	NA	  	3000FH & 1500FC	  	1500FC	  	NA
	57	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	58	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	59	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	60	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC

 Engines 57 to 70: Lease Return Conditions will be determined at the time of such Engine’s

 lease agreement signature. Data included for these Engines in this Exhibit I is a target and 

not the final data. 

  
 Page 17 of 23

															
	 	  	 	  	 	  	 	  	 Lease Return Conditions

	 Engine
 No.
	  	 Thrust

Rating
	  	 ESN
	  	 Aircraft

Serial

Number
	  	 Engine FH and FC

remaining at Lease
 Return Date
	  	 Maximum Engine FH

and FC since last
 Restoration Shop Visit

at Lease Return Date
	  	 Maximum LLP FC

since last

Restoration Shop
 Visit
	  	 LLP FH and FC

remaining at Lease
 Return Date

	61	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	62	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	63	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	64	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	65	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	66	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	67	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	68	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	69	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	70	  	V2527E-A5	  	TBD	  	TBD	  	8000 FH	  	NA	  	NA	  	6000 FC
	71	  	V2524-A5	  	V11736	  	2296	  	NA	  	10500 FH	  	NA	  	4500 FC
	72	  	V2524-A5	  	V11741	  	2296	  	NA	  	10500 FH	  	NA	  	4500 FC
	73	  	V2524-A5	  	V12697	  	3252	  	NA	  	10500 FH	  	NA	  	4500 FC
	74	  	V2524-A5	  	V12701	  	3252	  	NA	  	10500 FH	  	NA	  	4500 FC
	75	  	V2524-A5	  	V12778	  	3317	  	NA	  	10500 FH	  	NA	  	4500 FC
	76	  	V2524-A5	  	V12759	  	3317	  	NA	  	10500 FH	  	NA	  	4500 FC
	77	  	V2527E-A5	  	V15912	  	4798	  	6000 FH	  	NA	  	NA	  	3000 FC
	78	  	V2527E-A5	  	V15917	  	4798	  	6000 FH	  	NA	  	NA	  	3000 FC
	79	  	V2527E-A5	  	V15934	  	4832	  	6000 FH	  	NA	  	NA	  	3000 FC
	80	  	V2527E-A5	  	V15946	  	4828	  	6000 FH	  	NA	  	NA	  	3000 FC
	81	  	V2527E-A5	  	V15954	  	4828	  	6000 FH	  	NA	  	NA	  	3000 FC
	82	  	V2527E-A5	  	V15955	  	4832	  	6000 FH	  	NA	  	NA	  	3000 FC
	83	  	V2527E-A5	  	V16042	  	4950	  	6000 FH	  	NA	  	NA	  	3000 FC
	84	  	V2527E-A5	  	V16050	  	4950	  	6000 FH	  	NA	  	NA	  	3000 FC
	85	  	V2527E-A5	  	V15855	  	4741	  	13000 FH & 6000 FC	  	NA	  	NA	  	15000 FC
	86	  	V2527E-A5	  	V15857	  	4741	  	13000 FH & 6000 FC	  	NA	  	NA	  	15000 FC
	87	  	V2527E-A5	  	V11674	  	2204	  	2000 FC	  	NA	  	NA	  	4500 FC
	88	  	V2527E-A5	  	V11672	  	2204	  	2000 FC	  	NA	  	NA	  	4500 FC
	89	  	V2527E-A5	  	V12957	  	3524	  	NA	  	7000FH & 7000FC	  	NA	  	4500 FC
	90	  	V2527E-A5	  	V12961	  	3524	  	NA	  	7000FH & 7000FC	  	NA	  	4500 FC

 Engines 57 to 70: Lease Return Conditions will be determined at the time of such Engine’s

 lease agreement signature. Data included for these Engines in this Exhibit I is a target and 

not the final data. 

  
 Page 18 of 23

															
	 	  	 	  	 	  	 	  	 Lease Return Conditions

	 Engine
 No.
	  	 Thrust

Rating
	  	 ESN
	  	 Aircraft

Serial

Number
	  	 Engine FH and FC

remaining at Lease
 Return Date
	  	 Maximum Engine FH

and FC since last
 Restoration Shop Visit

at Lease Return Date
	  	 Maximum LLP FC

since last

Restoration Shop
 Visit
	  	 LLP FH and FC

remaining at Lease
 Return Date

	91	  	V2527E-A5	  	V12938	  	3543	  	NA	  	7000FH & 7000FC	  	NA	  	4500 FC
	92	  	V2527E-A5	  	V12972	  	3543	  	NA	  	7000FH & 7000FC	  	NA	  	4500 FC
	93	  	V2527M-A5	  	V15528	  	4403	  	4000 FH	  	8000 FH	  	NA	  	8000 FC
	94	  	V2527M-A5	  	V15543	  	4403	  	4000 FH	  	8000 FH	  	NA	  	8000 FC
	95	  	V2527M-A5	  	V15557	  	4422	  	4000 FH	  	8000 FH	  	NA	  	8000 FC
	96	  	V2527M-A5	  	V15554	  	4422	  	4000 FH	  	8000 FH	  	NA	  	8000 FC
	S1	  	V2527M-A5	  	V12285	  	NA	  	NA	  	5000 FH	  	1000 FC	  	2500 FC
	S2	  	V2527M-A5	  	V12671	  	NA	  	NA	  	3000 FH	  	NA	  	7500 FC
	S3	  	V2527M-A5	  	V13063	  	NA	  	NA	  	3000 FH	  	NA	  	7500 FC
	S4	  	V2527E-A5	  	V13183	  	NA	  	NA	  	3000 FH	  	NA	  	7500 FC
	S5	  	V2527E-A5	  	V16007	  	NA	  	NA	  	6000 FH	  	NA	  	4500 FC
	S6	  	V2527E-A5	  	Spare 6	  	NA	  	6000 FH	  	NA	  	NA	  	3000 FC

 Engine S6: Lease Return Conditions will be determined at the time of such Engine’s

 lease agreement signature. Data included for this Engine in this Exhibit I is a target and not the

 final data. 
 Where: 
 “FC” = Flight Cycles* 

“FH” = Flight Hours* 
 “NA” =
Not Applicable 
 “Y” = Years* 
  

	*	will be based on IAE’s relevant historical records and good faith determination at the time of the shop visit. 

  
 Page 19 of 23

 Appendix 4 

Exhibit J 
 Eligible Engine Shop Visit Conditions 
  

											
	 	  	 	  	 	  	 	  	 Engine Shop Visit
Conditions

	 Engine
 No.
	  	 Thrust

Rating
	  	 ESN
	  	 Aircraft Serial
Number
	  	 Engine FH and Time

Remaining at
 Restoration Shop Visit
 Exit
	  	 LLP FC remaining at

Restoration Shop Visit
 Exit

	1	  	V2524-A5	  	V12891	  	3463	  	NA	  	NA
	2	  	V2524-A5	  	V12908	  	3491	  	NA	  	NA
	3	  	V2524-A5	  	V13000	  	3590	  	NA	  	NA
	4	  	V2524-A5	  	V12893	  	3463	  	NA	  	NA
	5	  	V2524-A5	  	V12912	  	3491	  	NA	  	NA
	6	  	V2524-A5	  	V13002	  	3590	  	NA	  	NA
	7	  	V2524-A5	  	V10660	  	1140	  	NA	  	NA
	8	  	V2524-A5	  	V10657	  	1159	  	NA	  	NA
	9	  	V2524-A5	  	V10645	  	1140	  	NA	  	NA
	10	  	V2524-A5	  	V10648	  	1159	  	NA	  	NA
	11	  	V2524-A5	  	V12144	  	2657	  	NA	  	NA
	12	  	V2524-A5	  	V12170	  	2666	  	NA	  	NA
	13	  	V2524-A5	  	V12146	  	2657	  	NA	  	NA
	14	  	V2524-A5	  	V12172	  	2666	  	NA	  	NA
	15	  	V2527E-A5	  	V13073	  	3672	  	11000 FH & 3Y	  	7500 FC
	16	  	V2527E-A5	  	V13079	  	3672	  	11000 FH & 3Y	  	7500 FC
	17	  	V2527E-A5	  	V13051	  	3624	  	NA	  	NA
	18	  	V2527E-A5	  	V13053	  	3624	  	NA	  	NA
	19	  	V2527E-A5	  	V16154	  	5062	  	8000 FC	  	NA
	20	  	V2527E-A5	  	V16151	  	5062	  	8000 FC	  	NA
	21	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	22	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	23	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	24	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	25	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	26	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	27	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	28	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	29	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	30	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA

  
 Page 20 of 23

											
	 	  	 	  	 	  	 	  	 Engine Shop Visit
Conditions

	 Engine
 No.
	  	 Thrust

Rating
	  	 ESN
	  	 Aircraft Serial
Number
	  	 Engine FH and Time

Remaining at
 Restoration Shop Visit
 Exit
	  	 LLP FC remaining at

Restoration Shop Visit
 Exit

	31	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	32	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	33	  	V2527M-A5	  	V12886	  	3450	  	11000 FH &3Y	  	7500 FC
	34	  	V2527M-A5	  	V12532	  	3045	  	11000 FH &3Y	  	7500 FC
	35	  	V2527M-A5	  	V12545	  	3045	  	11000 FH &3Y	  	7500 FC
	36	  	V2527M-A5	  	V12557	  	3069	  	11000 FH &3Y	  	7500 FC
	37	  	V2527M-A5	  	V12559	  	3069	  	11000 FH &3Y	  	7500 FC
	38	  	V2527M-A5	  	V12706	  	3253	  	11000 FH &3Y	  	7500 FC
	39	  	V2527M-A5	  	V12708	  	3253	  	11000 FH &3Y	  	7500 FC
	40	  	V2527M-A5	  	V12728	  	3279	  	11000 FH &3Y	  	7500 FC
	41	  	V2527M-A5	  	V12736	  	3279	  	11000 FH &3Y	  	7500 FC
	42	  	V2527M-A5	  	V12883	  	3450	  	11000 FH &3Y	  	7500 FC
	43	  	V2527M-A5	  	V12472	  	2979	  	7500 FC	  	NA
	44	  	V2527M-A5	  	V12487	  	2979	  	7500 FC	  	NA
	45	  	V2527M-A5	  	V13093	  	3705	  	NA	  	NA
	46	  	V2527M-A5	  	V13095	  	3705	  	NA	  	NA
	47	  	V2527M-A5	  	V12274	  	2771	  	NA	  	NA
	48	  	V2527M-A5	  	V12278	  	2771	  	NA	  	NA
	49	  	V2527M-A5	  	V12286	  	2780	  	NA	  	NA
	50	  	V2527M-A5	  	V12288	  	2780	  	NA	  	NA
	51	  	V2527M-A5	  	V12476	  	2997	  	NA	  	NA
	52	  	V2527M-A5	  	V12490	  	2997	  	NA	  	NA
	53	  	V2527M-A5	  	V12561	  	3077	  	13000 FH	  	NA
	54	  	V2527M-A5	  	V12563	  	3077	  	13000 FH	  	NA
	55	  	V2527M-A5	  	V12636	  	3175	  	13000 FH	  	NA
	56	  	V2527M-A5	  	V12638	  	3175	  	13000 FH	  	NA
	57	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	58	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	59	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	60	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA

 Engines 57 to 70: Engine Shop Visit Conditions will be determined at the time of such

 Engine’s lease agreement signature. Data included for these Engines in this Exhibit J is a

 target and not the final data. 

  
 Page 21 of 23

											
	 	  	 	  	 	  	 	  	 Engine Shop Visit
Conditions

	 Engine
 No.
	  	 Thrust

Rating
	  	 ESN
	  	 Aircraft

Serial

Number
	  	 Engine FH and Time

Remaining at
 Restoration Shop Visit
 Exit
	  	 LLP FC remaining at

Restoration Shop Visit
 Exit

	61	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	62	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	63	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	64	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	65	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	66	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	67	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	68	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	69	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	70	  	V2527E-A5	  	TBD	  	TBD	  	NA	  	NA
	71	  	V2524-A5	  	V11736	  	2296	  	16500 FH	  	8500 FC
	72	  	V2524-A5	  	V11741	  	2296	  	16500 FH	  	8500 FC
	73	  	V2524-A5	  	V12697	  	3252	  	16500 FH	  	8500 FC
	74	  	V2524-A5	  	V12701	  	3252	  	16500 FH	  	8500 FC
	75	  	V2524-A5	  	V12778	  	3317	  	16500 FH	  	8500 FC
	76	  	V2524-A5	  	V12759	  	3317	  	16500 FH	  	8500 FC
	77	  	V2527E-A5	  	V15912	  	4798	  	8000 FC	  	NA
	78	  	V2527E-A5	  	V15917	  	4798	  	8000 FC	  	NA
	79	  	V2527E-A5	  	V15934	  	4832	  	8000 FC	  	NA
	80	  	V2527E-A5	  	V15946	  	4828	  	8000 FC	  	NA
	81	  	V2527E-A5	  	V15954	  	4828	  	8000 FC	  	NA
	82	  	V2527E-A5	  	V15955	  	4832	  	8000 FC	  	NA
	83	  	V2527E-A5	  	V16042	  	4950	  	8000 FC	  	NA
	84	  	V2527E-A5	  	V16050	  	4950	  	8000 FC	  	NA
	85	  	V2527E-A5	  	V15855	  	4741	  	20000 FH	  	10000 FC
	86	  	V2527E-A5	  	V15857	  	4741	  	20000 FH	  	10000 FC
	87	  	V2527E-A5	  	V11674	  	2204	  	7000 FC	  	NA
	88	  	V2527E-A5	  	V11672	  	2204	  	7000 FC	  	NA
	89	  	V2527E-A5	  	V12957	  	3524	  	NA	  	NA

 Engines 57 to 70: Engine Shop Visit Conditions will be determined at the time of such

 Engine’s lease agreement signature. Data included for these Engines in this Exhibit J is a

 target and not the final data. 

  
 Page 22 of 23

											
	 	  	 	  	 	  	 	  	 Engine Shop Visit
Conditions

	 Engine
 No.
	  	 Thrust

Rating
	  	 ESN
	  	 Aircraft Serial
Number
	  	 Engine FH and Time

Remaining at
 Restoration Shop Visit
 Exit
	  	 LLP FC remaining at

Restoration Shop Visit
 Exit

	90	  	V2527E-A5	  	V12961	  	3524	  	NA	  	NA
	91	  	V2527E-A5	  	V12938	  	3543	  	NA	  	NA
	92	  	V2527E-A5	  	V12972	  	3543	  	NA	  	NA
	93	  	V2527M-A5	  	V15528	  	4403	  	16500 FH	  	10000 FC
	94	  	V2527M-A5	  	V15543	  	4403	  	16500 FH	  	10000 FC
	95	  	V2527M-A5	  	V15557	  	4422	  	16500 FH	  	10000 FC
	96	  	V2527M-A5	  	V15554	  	4422	  	16500 FH	  	10000 FC
	S1	  	V2527M-A5	  	V12285	  	NA	  	NA	  	RSV1 8000 FC RSV2 11000 FC
	S2	  	V2527M-A5	  	V12671	  	NA	  	NA	  	NA
	S3	  	V2527M-A5	  	V13063	  	NA	  	NA	  	RSV1 9000 FC RSV2 11000 FC
	S4	  	V2527E-A5	  	V13183	  	NA	  	NA	  	10000 FC
	S5	  	V2527E-A5	  	V16007	  	NA	  	NA	  	RSV1 8000 FC RSV2 11000 FC
	S6	  	V2527E-A5	  	Spare 6	  	NA	  	NA	  	NA

 Engine S6: Engine Shop Visit Conditions will be determined at the time of such 

Engine’s lease agreement signature. Data included for this Engine in this Exhibit J is a target and not 

the final data. 

Where: 
 “FC” = Flight Cycles*

 “FH” = Flight Hours* 

“NA” = Not Applicable 
 “Y” =
Years* 
  

	*	will be based on IAE’s relevant historical records and good faith determination at the time of the shop visit. 

Appendix 5 

Exhibit K 

Pre-Side Letter No. 3 Flight Hours 
  

							
	 Existing
Engine No.
	  	Engine Serial
Number	  	Eligible
Engine Flight
Hours Since EIS	 
	  1	  	V12278	  	 	19634.62	  
	  2	  	V12908	  	 	11423.20	  
	  3	  	V12472	  	 	20999.57	  
	  4	  	V12487	  	 	20999.57	  
	  5	  	V12671	  	 	17362.67	  
	  6	  	V12561	  	 	15268.50	  
	  7	  	V12286	  	 	22982.00	  
	  8	  	V13073	  	 	9693.32	  
	  9	  	V12288	  	 	21354.00	  
	10	  	V12476	  	 	20034.60	  
	11	  	V12532	  	 	20196.75	  
	12	  	V12545	  	 	20196.75	  
	13	  	V16007	  	 	705.30	  
	14	  	V12559	  	 	20093.40	  
	15	  	V12883	  	 	12760.90	  
	16	  	V12563	  	 	20141.60	  
	17	  	V12638	  	 	18829.40	  
	18	  	V12285	  	 	17194.31	  
	19	  	V12274	  	 	19002.79	  
	20	  	V12170	  	 	22963.73	  
	21	  	V12172	  	 	22963.73	  
	22	  	V12708	  	 	17919.25	  
	23	  	V12706	  	 	17919.25	  
	24	  	V12728	  	 	17866.50	  
	25	  	V12736	  	 	17866.50	  
	26	  	V13183	  	 	7380.78	  
	27	  	V12886	  	 	15859.45	  
	28	  	V12891	  	 	15880.90	  
	29	  	V12893	  	 	15880.90	  
	30	  	V13063	  	 	7888.62	  
	31	  	V12912	  	 	15765.32	  
	32	  	V13000	  	 	14383.45	  
	33	  	V13002	  	 	14383.45	  
	34	  	V13051	  	 	15131.85	  
	35	  	V13053	  	 	15131.85	  
	36	  	V12144	  	 	16588.21	  
	37	  	V13079	  	 	14482.00	  
	38	  	V13093	  	 	12892.20	  
	39	  	V13095	  	 	12892.20	  
	40	  	V12146	  	 	20639.52	  
	41	  	V16154	  	 	160.70	  
	42	  	V16151	  	 	160.70	  
	43	  	V12490	  	 	16954.82	  

  
 Page 23 of 23

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00220-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00220-of-00352.parquet"}]]