Document:

EX-10.1

 Exhibit 10.1 
  

 
 April 2019 
 Dear Robin, 

On behalf of Alphabet Inc. (“Alphabet”), I am pleased to offer you a position as a member of Alphabet’s Board of Directors (the
“Board”), subject to and commencing upon the approval of your appointment by the Board. 
 As compensation for your services to Alphabet, you will
be granted an initial equity award of $1,000,000 in the form of Alphabet Restricted Stock Units (“GSUs”) on the first Wednesday of the month following your initial appointment. The exact number of GSUs comprising this grant will be
calculated by dividing $1,000,000 by the closing price of Alphabet’s Class C stock on the trading day immediately prior to the date of grant, rounded up to the nearest full GSU. These GSUs will first vest 25% on the 25th day of the month of
your grant’s one year anniversary. Thereafter your GSUs will vest 1/48th monthly on the 25th of the month until fully vested. 
 Following each annual
shareholder meeting, you will be eligible to receive annualized compensation of a $350,000 GSU grant and a $75,000 cash retainer for the prior year of service. Note that your 2019 awards will be prorated based upon the time between your appointment
date and the annual shareholder meeting. Shares and cash payments will be made the first Wednesday of the month following each annual shareholder meeting. The exact number of GSUs comprising this grant will be calculated by dividing the GSU grant
value by the closing price of Alphabet’s Class C stock on the trading day immediately prior to the date of grant. These GSUs will vest 1/48th monthly, beginning on the 25th day of the month following grant, until fully vested. 

At the time of vest, the vested number of GSUs will convert to shares of Alphabet’s Class C stock. If the US financial markets are closed on a vesting
date, shares will vest on the next trading day. The number of GSUs granted and the vesting schedule details will be provided in the grant materials that you should receive shortly after the grant. 

Vesting in GSUs is contingent on continued service on the Board on the applicable vesting dates. These awards and all future equity awards are subject to the
terms and conditions of applicable plan documents and award agreements. Pursuant to our Corporate Governance Guidelines, Alphabet Directors are required to hold fully vested shares of Alphabet stock equal in value to at least $1,000,000. New
Directors have five years from the initial appointment to come into compliance with these ownership requirements. Please note that ongoing compensation for service on the Board may be changed at any time at the discretion of the Board. 

You will also be reimbursed for all reasonable expenses incurred by you in connection with your services to Alphabet, including reimbursement for first-class
air travel. All expense reimbursements are in accordance with established Alphabet policies. 

  
 1 of 2 

 We typically hold at least four one-day Board meetings per year. Board meetings are generally held on-site
at Alphabet and we would hope that your schedule would permit you to attend all of the meetings in person (note that telephonic attendance is also possible). In addition, there may be telephonic calls to address special matters that arise from time
to time. The Board has delegated certain duties to committees, on which you may be asked to participate. At this time, we request your participation on the Leadership Development and Compensation Committee. 

Nothing in this offer or the GSU agreement should be construed to interfere with or otherwise restrict in any way the rights of Alphabet and Alphabet’s
stockholders to remove any individual from the Board at any time in accordance with the provisions of applicable law. 
 This letter sets forth the terms of
your service with Alphabet and supersedes any prior representations or agreements, whether written or oral. This letter may not be modified or amended except by a written agreement, signed by a representative of Alphabet and by you. 

We hope that you find the above terms acceptable. You may indicate your agreement with these terms and accept this offer by signing and dating both the
enclosed duplicate and original letter and returning them to Kathryn Hall, our Vice President, Legal, Head of Corporate. 
 Robin, I am looking forward to
you joining Alphabet’s Board of Directors. I believe you will make a significant contribution to Alphabet. 
 Sincerely, 

/s/ JOHN L. HENNESSY 
 Alphabet Inc. 

John L. Hennessy, Chairman of the Board of Directors 
 Accepted
and agreed to this 
 24th day of April 2019 
 /s/ ROBIN L.
WASHINGTON                         

ROBIN L. WASHINGTON 

  
 2 of 2EX-4.6.1

 Exhibit 4.6.1 

CONFIDENTIAL TREATMENT REQUESTED – REDACTED COPY 

Confidential Treatment has been requested for portions of this Exhibit. Confidential portions of this Exhibit are designated by [*****]. A
complete version of this Exhibit has been filed separately with the Securities and Exchange Comission. 
  

 AMENDMENT N°2 

TO THE 
 A320 NEO
PURCHASE AGREEMENT DATED 24 OCTOBER 2014 
 BETWEEN 

AIRBUS S.A.S. 
 AND

 AZUL FINANCE LLC 

  

					
	A320 NEO PA – AZUL FINANCE LLC – AMENDMENT N°2	  	Page 1 of 8

  

 CONTENTS 
  

			
	 Clause
	 	 Title

	 1.
	 	DEFINITIONS AND INTERPRETATION
	 2.
	 	TERMINATED AIRCRAFT
	 3.
	 	CONDITIONS PRECEDENT
	 4.
	 	MISCELLANEOUS

  

					
	A320 NEO PA – AZUL FINANCE LLC – AMENDMENT N°2	  	Page 2 of 8

  

 Confidential Treatment Requested 

 
 This amendment N°2 (hereinafter referred to as the “Amendment
N°2”) is entered into on ____________________, 2018, between: 
  

	(1)	 AIRBUS S.A.S., a société par actions simplifiée, a company duly created and
existing under French law, having its registered office at 2 rond-point Emile Dewoitine, 31700 Blagnac, France (the “Seller”); and 

  

	(2)	 AZUL FINANCE LLC, a company incorporated and existing under the laws of the State of Delaware having its
registered office in Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware 19801 (the “Buyer”). 

 The Buyer
and the Seller being together the “Parties” and each a “Party”. 
 WHEREAS 

 

	A.	 The Buyer and the Seller entered into an A320 NEO Purchase Agreement dated October 24, 2014 for the sale
by the Seller and the purchase by the Buyer of thirty-five (35) Aircraft (hereinafter together with its Exhibits, Appendices and Letter Agreements and as amended and supplemented from time to time, the “Agreement”);

  

	B.	 The Buyer and the Seller entered into an amendment N°1 (the “Amendment
N°1”) to the Agreement, pursuant to which the Seller agreed to reschedule certain Predelivery Payments as set forth in such Amendment N°1; and 

 

	C.	 The Buyer and the Seller now wish to terminate the Agreement with respect to seventeen (17) Aircraft in
order to assist the Buyer in its financing of the Predelivery Payments relating to such Aircraft, in accordance with the terms and conditions of this Amendment N°2. 

NOW IT IS HEREBY AGREED AS FOLLOWS: 
  

	1.	 DEFINITIONS AND INTERPRETATION 

 

	1.1	 Definitions 

Capitalised terms used herein (including in the recitals) and not otherwise expressly defined in this Amendment N°2 shall have the meanings
assigned thereto in the Agreement. The terms “herein”, “hereof” and “hereunder” and words of similar import refer to this Amendment N°2. Clause headings are for ease of reference only. 

In this Amendment N°2 (including the recitals), except where the context otherwise requires, the following words and expressions have the
following meanings: 
 Amendment N°3 means the amendment N°3 to the Agreement entered into on the date hereof
between the Buyer and the Seller; 
 BOCA means BOC AVIATION [*****], a company organised and existing under the laws of [*****]; 

  

					
	A320 NEO PA – AZUL FINANCE LLC – AMENDMENT N°2	  	Page 3 of 8

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

 Confidential Treatment Requested 

 
 BOCA PA Amendment N°38 means the amendment
N°38 to the BOCA Purchase Agreement entered into or to be entered into between the Seller and BOCA in respect of the Seller’s agreement to sell, and BOCA’s agreement to purchase, the Terminated Aircraft; 

BOCA PA Amendment N°39 means the amendment N°39 to the BOCA Purchase Agreement entered into or to be entered into
between the Seller and BOCA in respect of the termination of the Seller’s and BOCA’s rights and obligations under the BOCA Purchase Agreement in respect of the Terminated Aircraft; 

BOCA Purchase Agreement means the purchase agreement dated 19 September 2010 between the Seller as seller and BOCA as buyer as
amended and supplemented from time to time; 
 Call Option Agreement means the agreement entered into or to be entered into between
the Seller, BOCA and the Buyer on or around the date of this Amendment N°2; 
 Effective Time has the meaning set out in Clause 3;
and 
 Terminated Aircraft means the following Aircraft: 
  

					
	 Aircraft ranking
	  	 NEO Aircraft Type
	  	 Scheduled Delivery Month

	 Aircraft N°1
	  	A321 NEO	  	[*****]
	 Aircraft N°2
	  	A320 NEO	  	[*****]
	 Aircraft N°3
	  	A321 NEO	  	[*****]
	 Aircraft N°4
	  	A320 NEO	  	[*****]
	 Aircraft N°5
	  	A321 NEO	  	[*****]
	 Aircraft N°6
	  	A321 NEO	  	[*****]
	 Aircraft N°7
	  	A320 NEO	  	[*****]
	 Aircraft N°8
	  	A320 NEO	  	[*****]
	 Aircraft N°9
	  	A320 NEO	  	[*****]
	 Aircraft N°10
	  	A321 NEO	  	[*****]
	 Aircraft N°11
	  	A320 NEO	  	[*****]
	 Aircraft N°12
	  	A321 NEO	  	[*****]
	 Aircraft N°13
	  	A321 NEO	  	[*****]
	 Aircraft N°14
	  	A320 NEO	  	[*****]
	 Aircraft N°15
	  	A320 NEO	  	[*****]
	 Aircraft N°16
	  	A321 NEO	  	[*****]
	 Aircraft N°17
	  	A320 NEO	  	[*****]

  

	1.2	 Interpretation 

The provisions of clauses 0.2 and 0.3 of the Agreement shall be incorporated by reference to this Amendment N°2, as if the same were set
out in full herein mutatis mutandis. 
  

	2.	 TERMINATED AIRCRAFT 

 

	2.1.	 With effect from the Effective Time, and as contemplated by clause 3.4 of Letter Agreement N°10 to the
Agreement, the Parties agree to terminate the Agreement insofar as it relates to the Terminated Aircraft only. 

  

	2.2.	 Save as provided in this Clause 2 and in Amendment N°3 or as otherwise agreed between the Parties pursuant
to the Call Option Agreement, the Parties agree that the termination of the Agreement with respect to the Terminated Aircraft shall discharge the Parties from all of their respective rights, liabilities and obligations under the Agreement with
respect to the Terminated Aircraft. Except to the extent explicitly provided hereunder, in Amendment N°3 

  

					
	A320 NEO PA – AZUL FINANCE LLC – AMENDMENT N°2	  	Page 4 of 8

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

 Confidential Treatment Requested 

 
 or in the Call Option Agreement (as applicable), the Parties hereby
expressly waive, release and discharge all claims and liabilities of any kind owed between each other arising out of, under, or in any way connected with the Terminated Aircraft. 

 

	2.3	 Notwithstanding the termination of the Agreement with respect to the Terminated Aircraft and subject to this
Clause 2.3, Clause 2.4 hereof and clause 3.2 of Amendment N°3 the Parties agree and acknowledge that: 

  

	 	(i)	 the Seller shall continue to [*****] set out in Clauses 15 and 16 of the Agreement and Appendix A to Clause 16
of the Agreement; 

  

	 	(ii)	 the Seller has already [*****] with respect to the Terminated Aircraft pursuant to Letter Agreement N°4,
Letter Agreement N°5A and Letter Agreement N°6 to the Agreement and such Letter Agreements including the terms and conditions set out therein shall survive the terminations set out herein provided the Terminated Aircraft remains within the
scope of the Call Option Agreement or has been reinstated into the Agreement pursuant to Amendment N°3; and 

  

	 	(iii)	 the Seller shall continue to [*****] to the Cancellation Rights set out in clause 2 of Letter Agreement
N°8, 

 in each case in respect of the Terminated Aircraft, [*****]. 

 

	2.4	 The Buyer agrees that the Seller shall [*****] pursuant to this Amendment N°2. The Buyer further agrees to
[*****] of the Terminated Aircraft pursuant to this Amendment N°2 [*****]. 

  

	2.5	 The Parties agree that as a result of this Amendment N°2 the Seller shall, within ten (10) Business
Days after the Effective Time, [*****]. 

  

	2.6	 Notwithstanding the termination of the Agreement with respect to the Terminated Aircraft, should any events or
circumstances occur whereby the Buyer is entitled to claim liquidated damages from the Seller pursuant to Clause 11 of the Agreement, the Seller shall pay such liquidated damages to the Buyer pursuant to clause 11 of the Agreement and clause 5.5 of
the Call Option Agreement with respect to the Terminated Aircraft as if the Terminated Aircraft remained part of this Agreement and such termination had not occurred. 

[*****] 

  

					
	A320 NEO PA – AZUL FINANCE LLC – AMENDMENT N°2	  	Page 5 of 8

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

 Confidential Treatment Requested 

 
 [*****]. 

 

	3	 CONDITIONS PRECEDENT 

This Amendment N°2 shall become effective at the time (the “Effective Time”) the Seller confirms in writing to the Buyer
that the following conditions precedent have been met to the Seller’s reasonable satisfaction or waived or deferred, in the Seller’s absolute discretion: 

[*****] 
 [*****] 

[*****] 
 [*****] 

The Parties hereby agree that this Amendment N°2 shall terminate automatically and without any further action on [*****] if the above
conditions precedent have not been satisfied or waived or deferred by the Seller. Should such automatic termination take effect this Amendment N°2 will be void and of no force or effect. 

 

	4	 MISCELLANEOUS 

 

	4.1	 Effect of this Amendment N°2 

Except as otherwise provided by the terms and conditions hereof, the Agreement shall continue to be, and shall remain, in full force and effect
in accordance with its terms. 
 If there is any inconsistency between the Agreement and this Amendment N°2, the latter shall prevail to
the extent of such inconsistency and any part of the Agreement not affected by any such inconsistency shall remain in full force and effect. 

This Amendment N°2 (together with the Call Option Agreement and Amendment No. 3) constitutes the entire agreement of the Parties
relating to the subject matter hereof and supersedes any previous understandings, commitments, or representations whatsoever, whether oral or written, related to the subject matter of this Amendment N°2 and may not be varied except by an
instrument in writing of even date herewith or subsequent hereto executed by the duly authorised representatives of both Parties. 

  

					
	A320 NEO PA – AZUL FINANCE LLC – AMENDMENT N°2	  	Page 6 of 8

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

	4.2	 Confidentiality 

This Amendment N°2 is subject to the confidentiality provisions set forth in Clause 22.12 of the Agreement. 

 

	4.3	 Law and Jurisdiction 

This Amendment N°2 shall be governed by and construed in accordance with the laws of England. 

Any dispute arising out of or in connection with this Amendment N°2, including but not limited to its existence, validity, interpretation,
implementation, breach, termination and/or enforcement, shall be within the exclusive jurisdiction of the Courts of England. 
  

	4.4	 Contracts (Rights of Third Parties) Act 1999 

The Parties do not intend that any term of this Amendment N°2 shall be enforceable solely by virtue of the Contracts (Rights of Third
Parties) Act 1999 by any person who is not a Party to this Amendment N°2. 
  

	4.5	 Severability 

In the event that any provision of this Amendment N°2 should for any reason be held ineffective, the remainder of this Amendment N°2
shall remain in full force and effect. To the extent permitted by applicable law, each Party hereto waives any provision of law, which renders any provision of this Amendment N°2 prohibited or unenforceable in any respect. 

 

	4.6	 Counterparts 

This Amendment N°2 may be executed by the Parties in separate counterparts, each of which when so signed and delivered will be an
original, but all such counterparts will together constitute one and the same instrument. 
  

	4.7	 Assignment 

Notwithstanding any other provision of this Amendment N°2, this Amendment N°2 and the rights and obligations of the Buyer hereunder
will not be assigned or transferred in any manner without the prior written consent of the Seller, and any attempted assignment or transfer in contravention of the provisions of this paragraph will be void and of no force or effect. 

 

	4.8	 Clauses 22.2 (Notices) and 22.3 (Waiver) of the Agreement shall be incorporated by
reference into this Amendment N°2 as if the same were set out in full herein mutatis mutandis. 

 IN WITNESS WHEREOF,
this Amendment N°2 was entered into the day and year first above written. 

  

					
	A320 NEO PA – AZUL FINANCE LLC – AMENDMENT N°2	  	Page 7 of 8

  

									
	 Agreed and accepted
	 		 	Agreed and accepted
	  
 For and on behalf
of
	 		 	  
 For and on behalf of

	  
 AZUL FINANCE LLC
	 		 	  
 AIRBUS S.A.S.

					
	By:	 	 	 		 	By:	 	 
		 		 		 		 	
	Title:	 	 	 		 	Title:	 	 
		 		 		 		 	

  

					
	A320 NEO PA – AZUL FINANCE LLC – AMENDMENT N°2	  	Page 8 of 8

  

 AMENDMENT N°3 
 TO THE 

A320 NEO PURCHASE AGREEMENT DATED 24 OCTOBER 2014 

BETWEEN 
 AIRBUS S.A.S.

 AND 
 AZUL
FINANCE LLC 

  

					
	A320 NEO PA – AZUL FINANCE LLC – AMENDMENT N°3	  	Page 1 of 9

  

 CONTENTS 
  

			
	 Clause
	 	 Title

	 1.
	 	DEFINITIONS AND INTERPRETATION
	 2.
	 	REINSTATEMENT
	 3.
	 	MISCELLANEOUS

  

					
	A320 NEO PA – AZUL FINANCE LLC – AMENDMENT N°3	  	Page 2 of 9

  

 Confidential Treatment Requested 

 
 This amendment N°3 (hereinafter referred to as the “Amendment
N°3”) is entered into on ____________________, 2018, between: 
 AIRBUS S.A.S., a société par actions
simplifiée, a company duly created and existing under French law, having its registered office at 2 rond-point Emile Dewoitine, 31700 Blagnac, France (the “Seller”); and 

AZUL FINANCE LLC, a company incorporated and existing under the laws of the State of Delaware having its registered office in Corporation Trust Center,
1209 Orange Street, Wilmington, Delaware 19801 (the “Buyer”). 
 The Buyer and the Seller being together the “Parties” and
each a “Party”. 
 WHEREAS 
  

	A.	 The Buyer and the Seller entered into an A320 NEO Purchase Agreement dated October 24, 2014 for the sale
by the Seller and the purchase by the Buyer of thirty-five (35) Aircraft (hereinafter together with its Exhibits, Appendices and Letter Agreements and as amended and supplemented from time to time, the “Agreement”);

  

	B.	 The Buyer and the Seller entered into an amendment N°1 (the “Amendment
N°1”) to the Agreement, pursuant to which the Seller agreed to reschedule certain Predelivery Payments as set forth in such Amendment N°1; 

 

	C.	 Pursuant to the provisions of an amendment N°2 (the “Amendment N°2”) to
the Agreement, the Buyer and the Seller have agreed to [*****] as it relates to the Relevant Aircraft in order to assist the Buyer in its financing of the Predelivery Payments relating to such Relevant Aircraft; and 

 

	D.	 The Buyer and the Seller have agreed that the Buyer shall have the right to purchase back a Relevant Aircraft
and reinstate a Relevant Aircraft into the Agreement in accordance with, and subject to the terms and conditions of, the Call Option Agreement and this Amendment N°3. 

NOW IT IS HEREBY AGREED AS FOLLOWS: 
  

	1.	 DEFINITIONS AND INTERPRETATION 

 

	1.1	 Definitions 

Capitalised terms used herein (including the recitals) and not otherwise expressly defined in this Amendment N°3 shall have the meanings
assigned thereto in the Agreement. The terms “herein”, “hereof” and “hereunder” and words of similar import refer to this Amendment N°3. Clause headings are for ease of reference only. 

In this Amendment N°3 (including the recitals), except where the context otherwise requires, the following words and expressions have the
following meanings: 
 BOCA means BOC AVIATION [*****], a company organised and existing under the laws of the [*****] 

  

					
	A320 NEO PA – AZUL FINANCE LLC – AMENDMENT N°3	  	Page 3 of 9

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

 Confidential Treatment Requested 

 
 [*****]; 

BOCA Lease Agreement means, in respect of a Relevant Aircraft, a lease agreement between BOCA (or one of its Affiliates) and Azul Linhas
for a term of [*****] years; 
 BOCA Purchase Agreement means the purchase agreement dated 19 September 2010 between the Seller
as seller and BOCA as buyer as amended and supplemented from time to time; 
 Call Option Agreement means the call option agreement
entered into or to be entered into between, BOCA, the Buyer and the Seller in respect of the Relevant Aircraft; 
 Relevant Aircraft
means, as the context may require, any or all of the following aircraft in respect of which the Agreement was terminated pursuant to Amendment N°2 (with the below scheduled delivery months, as may be amended pursuant to the BOCA Purchase
Agreement, subject to the terms of the Call Option Agreement): 
  

					
	 Aircraft ranking
	  	 NEO Aircraft Type
	  	 Scheduled Delivery Month

	 Aircraft N°1
	  	A321 NEO	  	[*****]
	 Aircraft N°2
	  	A320 NEO	  	[*****]
	 Aircraft N°3
	  	A321 NEO	  	[*****]
	 Aircraft N°4
	  	A320 NEO	  	[*****]
	 Aircraft N°5
	  	A321 NEO	  	[*****]
	 Aircraft N°6
	  	A321 NEO	  	[*****]
	 Aircraft N°7
	  	A320 NEO	  	[*****]
	 Aircraft N°8
	  	A320 NEO	  	[*****]
	 Aircraft N°9
	  	A320 NEO	  	[*****]
	 Aircraft N°10
	  	A321 NEO	  	[*****]
	 Aircraft N°11
	  	A320 NEO	  	[*****]
	 Aircraft N°12
	  	A321 NEO	  	[*****]
	 Aircraft N°13
	  	A321 NEO	  	[*****]
	 Aircraft N°14
	  	A320 NEO	  	[*****]
	 Aircraft N°15
	  	A320 NEO	  	[*****]
	 Aircraft N°16
	  	A321 NEO	  	[*****]
	 Aircraft N°17
	  	A320 NEO	  	[*****]

 Relevant Specification means, in respect of each Relevant Aircraft, the Specification for such Relevant
Aircraft as of the date hereof (as set out in the relevant part of Appendix 4 to the Call Option Agreement), as further amended and supplemented from time to time after the date hereof pursuant to the terms of the BOCA Purchase Agreement, subject to
the terms of the Call Option Agreement. 
  

	1.2	 Interpretation 

The provisions of clauses 0.2 and 0.3 of the Agreement shall be incorporated by reference to this Amendment N°3, as if the same were set
out in full herein mutatis mutandis. 
  

	2.	 REINSTATEMENT 

 

	2.1	 Notwithstanding the provisions of Amendment N°2, if, in relation to any Relevant Aircraft (i) subject
to the conditions of clause 2.3 of the Call Option Agreement the Seller has received a Call Option Notice (as defined in the Call Option Agreement) and the Final Price in 

  

					
	A320 NEO PA – AZUL FINANCE LLC – AMENDMENT N°3	  	Page 4 of 9

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

 accordance with the Agreement (a “Call Option Aircraft”), or (ii) an
Acceleration Event has occurred and the Buyer has paid to the Seller the amounts required under clause 4.2(a) of the Call Option Agreement and the Seller has not received a notice from BOCA pursuant to clause 4.3 of the Call Option Agreement that
any amounts due and payable under clause 4.2(b) of the Call Option Agreement are outstanding (an “Accelerated Aircraft”), the Parties agree that,: 
  

	 	a)	 the Relevant Aircraft shall be reinstated into the Agreement, and (i) all the provisions, terms and
conditions of the Agreement in force immediately prior to the Effective Time (as defined in Amendment N°2) unless the equivalent provisions in respect of the Relevant Aircraft have been amended pursuant to the terms of the BOCA Purchase
Agreement (subject to the terms of the Call Option Agreement), and (ii) any subsequent amendments to the Agreement which would have applied to the Relevant Aircraft had the Relevant Aircraft continued to be subject to the Agreement, shall in
each case apply to such Relevant Aircraft as if Amendment N°2 had never been entered into with respect to such Relevant Aircraft; and 

  

	 	b)	 any references to the “Aircraft” in the Agreement shall be deemed to include the Relevant Aircraft.

  

	2.2	 The Buyer acknowledges and agrees that, subject to the provisions of clause 2.3 of Amendment N°2, and to
the terms of the Call Option Agreement, each Relevant Aircraft shall be manufactured in accordance with the terms of the BOCA Purchase Agreement and to the Relevant Specification and, in the case of a Call Option Aircraft or Accelerated Aircraft,
notwithstanding the provisions of Amendment N°2, the provisions set out in clauses 7.2.1, 7.2.2, 7.3.1(iii), 7.4.1 and 8.4 of the Agreement shall be applicable to such Call Option Aircraft or Accelerated Aircraft. 

 

	2.3	 Upon the reinstatement of a Relevant Aircraft into the Agreement pursuant to this Amendment N°3, the
Relevant Specification of such Relevant Aircraft at such time shall be deemed to be the Specification of such Relevant Aircraft under the Agreement. The Buyer shall take Delivery of such Relevant Aircraft in accordance with the Agreement and, in the
case of a Call Option Aircraft, shall have no right to make any changes to the Relevant Specification. 

  

	2.4	 Subject to the terms of the Call Option Agreement, if the Seller reschedules the delivery date of any Relevant
Aircraft in accordance with the terms of the BOCA Purchase Agreement from its Scheduled Delivery Month as applicable at the time of this Amendment N°3 (the “Original Scheduled Delivery Month”) to a new Scheduled Delivery Month
(the “New Scheduled Delivery Month”) as a result of the breach by BOCA of any provision of the BOCA Purchase Agreement or any agreement (including, without limitation, any guarantee) relating to the sale, purchase, financing or
leasing of aircraft between the Seller and any of the affiliates and BOCA or any of its affiliates, then, upon the reinstatement of such Relevant Aircraft into the Agreement pursuant to this Amendment N°3, in the case of (i) a Call Option
Aircraft such New Scheduled Delivery Month shall be deemed to be the Scheduled Delivery Month under the Agreement, and (ii) in the case of an Accelerated Aircraft, as between the Buyer and the Seller the Original Scheduled Delivery Month shall
be deemed to be the Scheduled Delivery Month of such Accelerated Aircraft, subject to any subsequent changes to such delivery month as may be made in accordance with the Agreement. 

 

	2.5	 The Parties acknowledge and agree that, following the occurrence of an Acceleration Event that entitles the
Seller to reschedule a Relevant Aircraft by exercising its rights in accordance with the terms of the BOCA Purchase Agreement: 

  

					
	A320 NEO PA – AZUL FINANCE LLC – AMENDMENT N°3	  	Page 5 of 9

  

 Confidential Treatment Requested 

 

	 	a)	 in the event that the Acceleration does not occur due to the
non-fulfilment of any applicable condition in clause 4 of the Call Option Agreement, the Scheduled Delivery Month of the Relevant Aircraft for the purposes of the Call Option Agreement and this Amendment
N°3 shall be updated to be the New Scheduled Delivery Month resulting from the rescheduling performed by the Seller in accordance with the applicable terms of the BOCA Purchase Agreement; and 

 

	 	b)	 in the event that the Acceleration for such Relevant Aircraft does occur then, upon the reinstatement of such
Accelerated Aircraft into the Agreement pursuant to this Amendment N°3, the Scheduled Delivery Month of the Accelerated Aircraft for the purposes of the Call Option Agreement and this Amendment N°3 shall be the Original Scheduled Delivery
Month notwithstanding any rescheduling of such Accelerated Aircraft performed by the Seller in accordance with the applicable terms of the BOCA Purchase Agreement. 

 

	3.	 MISCELLANEOUS 

 

	3.1	 Termination of this Amendment N°3 

The Parties hereby agree that if Amendment N°2 is not in full force and effect on [*****] this Amendment N°3 shall terminate
automatically and without any further action. 
  

	3.2	 Advanced Benefits 

The Parties hereby agree that if (i) any of the Relevant Aircraft is not reinstated into the Agreement by its applicable scheduled
Delivery Date pursuant to Clause 2 (as such scheduled Delivery Date might have been amended pursuant to the BOCA Purchase Agreement, subject to the terms of the Call Option Agreement) and (ii) if the Seller does not receive evidence in writing
in form and substance satisfactory to the Seller that a BOCA Lease Agreement in respect of such Relevant Aircraft is in full force and effect by no later than the actual Delivery Date of such Relevant Aircraft, then: 

 

	 	a)	 the Buyer shall [*****] set out in Clauses 15 and 16 of the Agreement and Appendix A to Clause 16 of the
Agreement in respect of that Relevant Aircraft; and 

  

	 	b)	 without prejudice to any other rights or remedies available to the Seller under the Agreement or at law, the
Seller shall have the right to [*****] in respect of that Relevant Aircraft. 

  

	3.4	 Effect of this Amendment N°3 

Notwithstanding the terms of this Amendment N°3, the Agreement shall continue to be, and shall remain, in full force and effect in
accordance with its terms. 
 If there is any inconsistency between the Agreement and this Amendment N°3, the latter shall prevail to the
extent of such inconsistency and any part of the Agreement not affected by any such inconsistency shall remain in full force and effect. 

  

					
	A320 NEO PA – AZUL FINANCE LLC – AMENDMENT N°3	  	Page 6 of 9

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

 This Amendment N°3 (together with Amendment N°2 and the Call Option Agreement)
constitutes the entire agreement of the Parties relating to the subject matter hereof and supersedes any previous understandings, commitments, or representations whatsoever, whether oral or written, related to the subject matter of this Amendment
N°3 and may not be varied except by an instrument in writing of even date herewith or subsequent hereto executed by the duly authorised representatives of both Parties. 
  

	3.5	 Confidentiality 

This Amendment N°3 is subject to the confidentiality provisions set forth in Clause 22.12 of the Agreement. 

 

	3.6	 Law and Jurisdiction 

This Amendment N°3 shall be governed by and construed in accordance with the laws of England. 

Any dispute arising out of or in connection with this Amendment N°3, including but not limited to its existence, validity, interpretation,
implementation, breach, termination and/or enforcement, shall be within the exclusive jurisdiction of the Courts of England. 
  

	3.7	 Contracts (Rights of Third Parties) Act 1999 

The Parties do not intend that any term of this Amendment N°3 shall be enforceable solely by virtue of the Contracts (Rights of Third
Parties) Act 1999 by any person who is not a Party to this Amendment N°3. 
  

	3.8	 Severability 

In the event that any provision of this Amendment N°3 should for any reason be held ineffective, the remainder of this Amendment N°3
shall remain in full force and effect. To the extent permitted by applicable law, each Party hereto waives any provision of law, which renders any provision of this Amendment N°3 prohibited or unenforceable in any respect. 

 

	3.9	 Counterparts 

This Amendment N°3 may be executed by the Parties in separate counterparts, each of which when so signed and delivered will be an original,
but all such counterparts will together constitute one and the same instrument. 
  

	3.10	 Assignment 

Notwithstanding any other provision of this Amendment N°3, this Amendment N°3 and the rights and obligations of the Buyer hereunder
will not be assigned or transferred in any manner without the prior written consent of the Seller, and any attempted assignment or transfer in contravention of the provisions of this paragraph will be void and of no force or effect. 

  

					
	A320 NEO PA – AZUL FINANCE LLC – AMENDMENT N°3	  	Page 7 of 9

  

	3.11	 Clauses 22.2 (Notices) and 22.3 (Waiver) of the Agreement shall be incorporated by reference into
this Amendment N°3 as if the same were set out in full herein mutatis mutandis. 

  

					
	A320 NEO PA – AZUL FINANCE LLC – AMENDMENT N°3	  	Page 8 of 9

  

 IN WITNESS WHEREOF, this Amendment N°3 was entered into the day and year first above written. 

 

									
	 Agreed and accepted
	 		 	Agreed and accepted
	  
 For and on behalf
of
	 		 	  
 For and on behalf of

	  
 AZUL FINANCE LLC
	 		 	  
 AIRBUS S.A.S.

					
	By:	 	 	 		 	By:	 	 
		 		 		 		 	
	Title:	 	 	 		 	Title:	 	 
		 		 		 		 	

  

					
	A320 NEO PA – AZUL FINANCE LLC – AMENDMENT N°3	  	Page 9 of 9

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