Document:

al_Ex_10_99

		
			EXHIBIT NO. 10.99
		

		
			Excerpt from Air Lease Corporation’s Proxy Statement for its 2017 Annual Meeting of Stockholders held on May 3, 2017 describing its arrangements for directors’ fees for non-employee directors
		

		
			Director Compensation
		

		

		
			Our Board of Directors sets non-employee director compensation based on recommendations from the compensation committee. Directors who also serve as employees to the Company (currently Messrs. Udvar-Házy and Plueger) do not receive separate compensation for their service on our Board of Directors. The compensation committee reviews, at least annually, the compensation (both cash and equity based award compensation) of non-employee directors for service on the Board and its committees. The compensation committee’s independent compensation consultant assists in this review, including obtaining market information and designing various aspects of our compensation program for the directors. After its review the compensation committee recommends any changes to the Board for approval.
		

		
			Annual Retainer Fees and Other Cash Fees
		

		
			Retainers under our non-employee compensation program for 2016 were as follows:
		

			
					
						 

					
					
						 

					
					
						 quarterly)

					
						 

				
	
					
						Cash Compensation

					
					
						 

					
					
						Annual Compensation

					
						(paid quarterly)

				
	
					
						Annual Board Retainer

					
					
						 

					
					
						$80,000 

				
	
					
						Committee Chair Retainer

					
					
						 

					
					
						 

				
	
					
						    Audit

					
					
						 

					
					
						$20,000 

				
	
					
						    Compensation

					
					
						 

					
					
						$10,000 

				
	
					
						    Nominating and Corporate Governance

					
					
						 

					
					
						$10,000 

				
	
					
						Committee Member Retainer

					
					
						 

					
					
						 

				
	
					
						    Audit

					
					
						 

					
					
						$15,000 

				
	
					
						    Compensation

					
					
						 

					
					
						$10,000 

				
	
					
						    Nominating and Corporate Governance

					
					
						 

					
					
						$10,000 

				
	
					
						Lead Director Retainer

					
					
						 

					
					
						$50,000 

				

		
			 
		

		
			 
		

		
			Based on the compensation committee’s 2016 review of Board compensation, with input from the compensation committee’s independent compensation consultant, and the compensation committee’s recommendations to the Board, the Board approved the payment of conditional meeting fees in the event that in the future there are periods of unexpected and increased participation required by the non-employee directors, and a per diem fee in certain circumstances, as described below.
		

		
			Effective January 1, 2017, a non-employee director will receive a meeting fee of $1,500 per meeting (i) if he or she attends a number of Board meetings in excess of the number of scheduled meetings plus two additional Board meetings during the applicable calendar year or (ii) if he or she attends during the applicable year a number of meetings of a committee on which he or she serves, in excess of the number of scheduled meetings plus two additional meetings of that committee for that year.
		

		
			Because the above change was adopted in November 2016, if during the remainder of 2016, the Board of Directors or the compensation committee had held any additional meetings or if either of the audit committee or nominating and corporate governance committee had held three or more additional meetings, each non-employee director of the Board or member of such committees would have received $1,500 per meeting for attending any of these additional meetings. No fees for attending additional meetings were paid in 2016.
		

		
			In addition, effective January 1, 2017 non-employee directors may be paid a per diem fee of $2,500 for non-ordinary course Board or committee activity (excluding any educational events) subject to the approval of the Board, the Chairman of the Board or the Lead Director of the Board.
		

		
			

		 

 

		

		
			As a matter of policy each director could elect to have his or her retainer paid in cash or shares of our Class A Common Stock, or a combination thereof.
		

		
			Equity Awards
		

		
			Each non-employee director who joins our Board of Directors receives an initial grant of restricted stock units (“RSUs”) to be settled in shares of our Class A Common Stock (“Initial Director Grant”) with an aggregate value of $180,000. Thereafter, each year our non-employee directors receive an annual RSU award to be settled in shares of Class A Common Stock (the “Annual Director Grant”) with an aggregate value of $120,000.
		

		
			The value of all grants of RSUs is based on the closing price of our Class A Common Stock on the date of grant. All RSUs awarded to our non-employee directors vest in full on the first anniversary of the grant date, and if the Board of Directors service of such a director terminates for any reason, other than following a change in control, the RSUs will vest on a daily prorated basis according to the number of days between the grant date and the termination of service, divided by 365. If the service terminates following a change in control, the RSUs will vest in full. The Initial Director Grants and the Annual Director Grants are made pursuant to the Air Lease Corporation 2014 Equity Incentive Plan or any successor plan.
		

		
			Since January 1, 2015, each director may annually elect to defer the receipt of his or her Annual Director Grant shares beyond the one year vesting period. Directors may elect to defer his or her shares until separation from service or alternatively, may elect a deferral period of five years or ten years from the date of grant, provided that shares will be distributed upon a separation from service, a change of control or at death, if earlier than the elected deferral date. Deferred restricted stock units receive dividend equivalents which are reinvested in additional restricted stock units based on the market price of the Company’s  Class A Common Stock on the date the dividends are paid.
		

		
			On May 4, 2016, each non-employee director received an Annual Director Grant.
		

		
			Other Arrangements
		

		
			We reimbursed directors for travel and lodging expenses incurred in connection with their attendance at meetings. We also have entered into agreements with each of our non-employee directors to provide them with indemnification and advancement of expenses to supplement that provided under our certificate of incorporation and bylaws, subject to certain requirements and limitations.Exhibit

Exhibit 10.71
EXECUTION COPY
CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
FIRST AMENDMENT TO COOPERATIVE BROKERAGE AGREEMENT
This First Amendment to Cooperative Brokerage Agreement (this “First Amendment”) is made as of November 16, 2017, and is by and between REALHome Services and Solutions, Inc., a Florida corporation (“RHSS, Inc.”), REALHome Services and Solutions - CT, Inc., a Connecticut corporation (“RHSS-CT”), and New Residential Sales Corp., a Delaware  Corporation (“NRZ Brokerage”).
RECITALS
WHEREAS, on August 28, 2017, RHSS, Inc., RHSS-CT and NRZ Brokerage (collectively, the  “Parties”) entered into that certain Cooperative Brokerage Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “CBA”);
WHEREAS, the Parties desire to amend the CBA as set forth herein; and
WHEREAS, capitalized terms not otherwise defined herein shall have the meanings ascribed them in the CBA.
AGREEMENT
NOW, THEREFORE, in consideration of the premises and mutual promises herein made, and in  consideration of the representations, warranties and the covenants herein contained, each of the parties agree as follows:
1.Section 3(a) of the CBA is hereby deleted in its entirety, and inserted in lieu thereof is the following Section 3(a), as follows:
“(a)    NRZ Brokerage shall refer all listings and all sales of all REO Properties in the Covered Portfolios in the jurisdiction(s) in which NRZ Brokerage possesses all requisite licenses and approvals to engage in the conduct set forth in this Agreement, which REO Property NRZ Brokerage has been engaged to list, market, or sell and has the contractual and legal authority to refer to RHSS (the “Subject REO Referrals”) during the term of this Agreement. In connection with any such referrals, RHSS and the applicable New Residential entity shall enter into separate listing agreements from time to time, substantially in the form and substance attached hereto as Exhibit 3, which such listing agreement may be executed by RHSS as appointed through power of attorney granted by the applicable New Residential entity. In the event of any conflict between any listing agreement and this Agreement, this Agreement will control. With respect to those Subject REO Referrals that constitute Existing REO Properties, NRZ Brokerage agrees it shall not take any action that interferes with RHSS acting as the listing broker and such Existing REO Properties shall be excluded from payment of any Commissions hereunder, except to the extent the Existing REO Properties are de-listed in accordance with Section 3(e) below, in which case Commissions shall be payable hereunder once the properties are relisted in accordance with this Agreement. Subject to the terms hereof, NRZ Brokerage hereby grants RHSS the right to list, market and/or sell the REO Properties associated with the Subject REO Referrals via the Hubzu® platform or another online auction platform, charging a buyer’s premium totaling up to [***] percent ([***]%) of the Net Sales Price, subject to a minimum of $[***], and, only if the buyer’s premium is [***] percent ([***]%) subject to a minimum of $[***], a technology fee of [***] $[***] in the event a property is auctioned or, regardless of the buyer’s premium, a technology fee of [***] $[***] in the event a property is not auctioned.”

2.Except with respect to Section 3(a) of the CBA, all provisions of the CBA shall remain unchanged and effective and are incorporated herein by reference.

3.This First Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which constitute one and the same instrument.
	
				
	 
	 
	REALHome Services and Solutions, Inc.
	 

	 
	 
	 
	 

	 
	By:
	/s/ Min L. Alexander
	 

	 
	Name:
	Min L. Alexander
	 

	 
	Title:
	President
	 

	 
	Date:
	November 16, 2017
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	REALHome Services and Solutions - CT, Inc.
	 

	 
	 
	 
	 

	 
	By:
	/s/ Min L. Alexander
	 

	 
	Name:
	Min L. Alexander
	 

	 
	Title:
	President
	 

	 
	Date:
	November 16, 2017
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	New Residential Sales Corp.
	 

	 
	 
	 
	 

	 
	By:
	/s/ Nicola Santoro, Jr.
	 

	 
	Name:
	Nicola Santoro, Jr.
	 

	 
	Title:
	Chief Financial Officer
	 

	 
	Date:
	November 16, 2017

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